Harshavard21/FinRAG

1[{"chunk_id": "38af0c208af54a26", "content": "National Stock Exchange of India Limited Exchange Plaza, C-1 Block G Sandra Kurla Complex, Bandra (E) Mumbai -400051, India Symbol: BHARTIARTL/ AIRTELPP BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai - 400001, India Scrip Code: 532454/ 890157 Sub: Financial results for the fourth quarter (Q4} and year ended March 31, 2025 and recommendation of Dividend In compliance with Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations'), we are enclosing herewith the following w.r.t. the meeting of Board of Directors ('Board') being held on Tuesday, May 13, 2025: A. Financial Results for the fourth quarter (Q4) and year ended March 31, 2025: ►Audited consolidated financial results as per Ind AS ►Audited standalone financial results as per Ind AS ►Auditor's reports on the aforesaid financial results ►Declaration on Auditor's reports with unmodified opinion pursuant to the Regulation 33(3)(d) of SEBI Listing Regulations read with applicable SEBI circular(s). The above financial results have been reviewed by the Audit Committee in its meeting held on Tuesday, May 13, 2025 and based on its recommendation, approved by the Board of Directors in its meeting being held on Tuesday, May 13, 2025. B. Recommendation of final dividend for the financial year 2024-25: The Board has considered and recommended a final dividend of Rs.16/- per fully paid-up", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 1, "section": "Introduction", "subsection": "B. Recommendation of final dividend for the financial year 2024-25:", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7a0ba964cc33f96d"}, {"chunk_id": "ed623d9e07172b1e", "content": "meeting being held on Tuesday, May 13, 2025. B. Recommendation of final dividend for the financial year 2024-25: The Board has considered and recommended a final dividend of Rs.16/- per fully paid-up equity share of face value Rs. 5/- each; and Rs. 4/- per partly paid-up equity share of face value Rs. 5/- each (paid-up value Rs.1.25/- per share) for the financial year 2024-25. The dividend is in proportion to the amount paid-up on each equity share of face value Rs. 5/- each. The above final dividend, if approved by the shareholders at the ensuing Annual General Meeting ('AGM'), shall be credited within 30 days from the date of AGM. The Board meeting commenced at 1ST 1400 Hrs. and is still in progress. Kindly take the same on record. Thanking you, Sincerely yours,", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 1, "section": "Introduction", "subsection": "B. Recommendation of final dividend for the financial year 2024-25:", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7a0ba964cc33f96d"}, {"chunk_id": "e0bb656c14f6a949", "content": "F�r:-&(:) Rohit Krishan Puri * * Joint Company Secretary & Comp1iarrce Officer Bharti Airtel Limited (a Bharti Enterprise) Regd. Office: Airtel Center, Plot No. 16, Udyog Vihar, Phase-IV, Gurugram -122015, India Corporate Office: Bharti Crescent, 1, Nelson Mandela Road, Vasant Kunj, Phase II, New Delhi - 110070, India T .: +91-124-4222222, F .: +91-124-4248063, Email: compliance.officer@bharti.in, Website: www.airtel.in", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 1, "section": "F�r:-&(:) \nRohit Krishan Puri \n* * \nJoint Company Secretary & Comp1iarrce Officer", "subsection": "B. Recommendation of final dividend for the financial year 2024-25:", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0c02db361d04b5d9"}, {"chunk_id": "f99318a89572fcbe", "content": "~ airtel Bharti Airtel Limited CIN: L74899HR1995PLC095967 Registered Office: Airtel Center, Plot no. 16, Udyog Vihar, Phase IV, Gurugram - 122015, India T.: +91-124-4222222, F.: +91-124-4248063, Email id: compliance.officer@bharti.in Statement of Audited Consolidated Financial Results for the quarter and year ended March 31, 2025 IRs. in Mlllicns; extei: Der share datll Year Ended Previous Year Ended Mardi 31 2025 Income Revenue from opernt!ons other Income Expenses Network operating expenses Access charges License fee / Spectrum cflarges Employee benefits E!llpellSe Salesandmarlcetingexpenses Other expenses 91,055 14,782 36,370 18,313 29,359 18,795 208,674 86,267 19,636 35,698 16,082 29,261 75,986 18,501 31,107 13,639 27,070 16,040 182,343 335,043 71,713 138,290 63,089 114,601 Profit befol'II!! depredation, a11111rti!;ation, &lance costs, shal'II!! of prvfit of associates and jomt venblres, eia;eptional items and tax Depreciation and amortisation expenses Finance costs Share of profit of ilSSOdates and joint ventures {net) Profit befol'II!! exceptional Items and tax 117,042 56,755 (16,597 93,463 Exceptional items (net) Profit befol'II!! tax Tax expense/ (credit) Current tllx Deferred tax 13,111 (42.3301 (28,919) Profit for the quarter /ye.ar other comprehemive lnaime (OCI) - Net profit / (loss} due to foreign currency translation differences • Net loss on net ill\\ll!Slment hedge • Tax credit on aboYe Items not to be reclasslfled to profit or loss : llems to be reclllSSified to profit or loss : • Re-measurement gain / (loss) on defined benefit plans", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 2, "section": "~ \nairtel \nBharti Airtel Limited \nCIN: L74899HR1995PLC095967 \nRegistered Office: Airtel Center, Plot no. 16, Udyog Vihar, Phase IV, Gurugram - 122015, India \nT.: +91-124-4222222, F.: +91-124-4248063, Email id: compliance.officer@bharti.in", "subsection": "29,001 \nJA,766 \nl,10~ c.kiri9~", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "64e4855637e0d3a6"}, {"chunk_id": "fb33380484b08bfc", "content": "• Net loss on net ill\\ll!Slment hedge • Tax credit on aboYe Items not to be reclasslfled to profit or loss : llems to be reclllSSified to profit or loss : • Re-measurement gain / (loss) on defined benefit plans • Tax (charge)/ credit on above • Share of other comprehensive income/ (loss) of associates and joint ventures (net) • Gain on investment at fair Vlllue through oa Other comprehensive income / (loss} fur the quarter / year Total comprehensive income/ (loss) for the quarter/ year Profit/ (loss) for the quarter/ year attributable to : Owners of the Parent Non-controlling interests 374,813 335,561 39,252 other comprehensive income/ (loss} for the quarter/ year attributable to: owners of the Parent Non-controlling interests (99,978) (56,342) (43,636) Tota! comprehensive ilcome / (loss) for the quarter/ year attributable to : Owners of the Parent Non-controlling interests Eamlngs per shareA (Face value : Rs. S each) Basic Diluted Paid-up equity share capital (Face value : Rs. 5 each) Other ~ .:;:, ,~ 29,001 JA,766 l,10~ c.kiri9~", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 2, "section": "~ \nairtel \nBharti Airtel Limited \nCIN: L74899HR1995PLC095967 \nRegistered Office: Airtel Center, Plot no. 16, Udyog Vihar, Phase IV, Gurugram - 122015, India \nT.: +91-124-4222222, F.: +91-124-4248063, Email id: compliance.officer@bharti.in", "subsection": "29,001 \nJA,766 \nl,10~ c.kiri9~", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "64e4855637e0d3a6"}, {"chunk_id": "8dc0545e14c91f88", "content": "'E ~m e~~ JI annualised for the quarters. I ,u ;;: I I J:. (l) d> airte Q * V - Audited Consolidated Balance Sheet as of March 31, 2025 Property, plant and equipment capital work-in-progress Right-of-use assets Goodwill other intllngible assets Intangible l!SSets under development Investment in joint ventures and associates 1,432,724 105,962 602,415 516,974 1,332,569 4,027 36,416 1,0fifi,121 89,077 559,367 265,017 1,142,526 79,964 312,404 -Investments - Derivative Instruments - Trade receivables - Loans - Other financial assets Income tllx nssets (net) Deferred tax assets ( net) Other non-current assets 2,131 865 37,471 24,978 249,111 116 638 4,467,716 26,557 14,135 192,428 112,159 3,862,549 - Investments - DeJillative Instruments - Trade receivables • Clish and cash equivalents - Other bank balances - Other financial assets Other current assets 16,532 813 74,557 61,056 106,143 267,662 144 608 675,888 2,695 1,168 47,277 69,155 94,244 249,544 115039 582,761 Equity and liabifities Equity Equity share capital Other equity Equity attributable t:o owners of the parent 29,001 1,107,718 1,136,719 28,766 791,422 820,188 Mon-controlling interests Non-a,.-Tent liabilities f\"inancial &abilities - Borrowings - Lease liabilities - Derivative instruments - other financi!II liilbilities Deferred revenue Provisions Deferred tax liabilltles (net) other non-current liabilities 1,309,626 539,271 2,890 85,036 34,139 38,642 35,185 30,396 93,549 financial liabifities - sorrowtngs - Lease liabilities - Derivative instruments - Trade payables - Other financial liabilities Deferred revenue Provisions Current tax liabilities ( net) other current liabilities 434,485 96,597 1,921 381,537 333,024", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "'E ~m\ne~~ \nJI annualised for the quarters. \nI ,u \n;;: I \nI J:. \n(l) \nd> airte \nQ \n* V \n-", "subsection": "-\n282,039 \n981,809 \n108,653 \n55,198 \n34,943 \n5,294,785", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "67c3cbe498f34aef"}, {"chunk_id": "2ba6dbff3b514f9c", "content": "- sorrowtngs - Lease liabilities - Derivative instruments - Trade payables - Other financial liabilities Deferred revenue Provisions Current tax liabilities ( net) other current liabilities 434,485 96,597 1,921 381,537 333,024 209,539 97,487 12,207 351,325 253,456 87,262 283,282 33,031 59,089 1,386,678 97,729 Jfil,552 20,035 77,522 1,804,402 Audited Consolidated Segment-wise Revenue, Results, Assets and Liabilities as of and for the quarter and year ended March 31, 2025 Quarter ended / As of Previous year ended/ March December March 31, 2025 31, 2024 31, 2024 1. Segment Revenue - Mobile Services India • Mobile Services Africa'\" - Mobile Services South Asi.af - Airtel Business • Passive Infrastructure 5ervices5 Audited Audited Audited 266,168 262,687 220,657 113,763 107,032 92,933 . . 961 53,155 56,460 54,616 77,630 35,290 . 850,488 411,841 3,773 208,209 . • Homes Services • Dlqitlll TV Services • others Total segment revenue 15,961 15,092 13,155 7,644 7,607 7,693 891 873 778 535,212 485,041 390,793 56 450 33 748 14 802 478,762 451,293 375,991 59,044 30,608 3,478 1,849,221 49,701 30,448 1,875 1,556,335 Less: Inter......,,ment eliminations Total revenue Profit / {loss) before finance costs {net), charity and donation, exceptional items ( net) and tl!x • Mobile SelVices India • Mobile Services Africa\" - Mobile Sefvices South Asia' • Airtel Business • Passive Infrastructure ServicW • Homes Services • Oigit211 TV Services • Others Total 78,715 74,980 48,286 33,896 31,760 28,829 . . (622) 16,654 13,828 15,204 27,946 27,843 8,194 3,219 3,293 3,245 (2) 313 635 534 694 377 160,962 152,711 104,148 (679) (456) (536) {8,920} (3,903) (155) 151,363 148,352 103,457 264,000 124,733 (503} 59,611 74,672 188,1!}5 135,823 (2,258) 60,415 26,304 11,972 2,939 1,156 2,039 539,086 - Unallocated", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "'E ~m\ne~~ \nJI annualised for the quarters. \nI ,u \n;;: I \nI J:. \n(l) \nd> airte \nQ \n* V \n-", "subsection": "-\n282,039 \n981,809 \n108,653 \n55,198 \n34,943 \n5,294,785", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "67c3cbe498f34aef"}, {"chunk_id": "471f3c669d1c68d6", "content": "28,829 . . (622) 16,654 13,828 15,204 27,946 27,843 8,194 3,219 3,293 3,245 (2) 313 635 534 694 377 160,962 152,711 104,148 (679) (456) (536) {8,920} (3,903) (155) 151,363 148,352 103,457 264,000 124,733 (503} 59,611 74,672 188,1!}5 135,823 (2,258) 60,415 26,304 11,972 2,939 1,156 2,039 539,086 - Unallocated - Inter-segment eliminations Total segment results Less: (i) Finance costs (net}\" (Ii) Charity and donation Iii) Exceptional items { net) Profit before tax 3. segment Assets A • Mobile Services India • Mobile Services Africa* • Mobile Services South AsiafP • Airtel Business - Passive Infrastructure Services5 • Homes Services • Digital TV Services • others Total segment assets (2,128) (13,139) 523,819 52,839 54,396 50,199 1,284 493 923 1,401 (75 456\\ 24 555 95,839 168,919 27,780 210,187 2,515 rn,86s1 383,985 217,339 2,32S 1s,n3 126,790 2,856,265 2,823,706 2,796,078 975,878 921,821 768,74!) . . 8,256 282,039 289,112 263,824 981,809 973,055 276,010 108,653 96,132 75,901 55,198 53,288 48,413 34,943 46,259 43,566 5,294,785 5,203,373 4,280,797 285,674 241,941 226,057 /436,855 (436,678' 161 544' 5.143,604 5.008.636 4.445,310 - 282,039 981,809 108,653 55,198 34,943 5,294,785 8,256 263,824 276,010 75,901 48,413 43,566 4,280,797 226,057 • Unallocated • Jnter-seament eliminations Total assets 4. Segment liabilties • Mobile Services India - Mobile Services Africa* - Mobile Services South Asia\" - Airtel Business - Passive 111frastructure Service~ • Homes Services - Digital TV Services • Others Total segment lalll11ties - Unallocated\"' • Inter-seoment eliminations Total liabilities 285,674 (436,855' 5,143,604 1,359,574 1,353,344 1,174,043 569,004 529,553 398,117 . . 5,855 142,900 141,747 132,076 278,690 263,676 . 1,359,574 569,004 - 142,900 278,690 76,103 66,522 4,740 2,497,533 1,174,043 398,117 5,855 132,076 76,103 72,897 54,070 66,522 66,122", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "'E ~m\ne~~ \nJI annualised for the quarters. \nI ,u \n;;: I \nI J:. \n(l) \nd> airte \nQ \n* V \n-", "subsection": "-\n282,039 \n981,809 \n108,653 \n55,198 \n34,943 \n5,294,785", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "67c3cbe498f34aef"}, {"chunk_id": "56d9e75f20345afe", "content": "Total liabilities 285,674 (436,855' 5,143,604 1,359,574 1,353,344 1,174,043 569,004 529,553 398,117 . . 5,855 142,900 141,747 132,076 278,690 263,676 . 1,359,574 569,004 - 142,900 278,690 76,103 66,522 4,740 2,497,533 1,174,043 398,117 5,855 132,076 76,103 72,897 54,070 66,522 66,122 61,521 4,740 3,440 1,835 2,497,533 2,430,779 1,827,517 1,611,875 1,543,363 1,641,379 54,070 61,521 1,835 1,827,517 1,641,379 (500 481 (479 829 179 225 3.608,927 3,494,313 3,389,671 @ Mobile Services South Asia segment has been disposed, effective June 26, 2024. • Passive lnfrastru rvices represents operations of Indus Towers • Including Mobile Money Services. A Includes sh1~ ~ff~~t assets of associates and joint ventures. • This is net d' • terest income, income on FVTPL investments and gain / loss (net) on derivative financial instruments. \" Mainly In ~ ~ ding deferred payment liabiltties) Audited Consolidated Statement of Cash Flows for the year ended March 31, 2025 Particulars Man:h 31, 2025 Man:h 31, 2024 Audlt:ed Audited Cash flows from operating activities Profit before tzlX Depredation and amortisation e,cpenses Fln,.nce costs Net gain on f111r value through profit or loss INitnlments Jntere!lt Income Net loss on derivative financial ln!ltruments Share of profit of associates and joint ventures (net) ExceptiortGI items (net) Employee share based pnyrnent e,q,ense (Profit) / kiss on snle of property, plant and equipment Provtslon for doubtful debts/ bad debts written off Other non-cash items 420 (37,030) (72,868) Operating cash flows before changes In assets and liabilities", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "'E ~m\ne~~ \nJI annualised for the quarters. \nI ,u \n;;: I \nI J:. \n(l) \nd> airte \nQ \n* V \n-", "subsection": "-\n282,039 \n981,809 \n108,653 \n55,198 \n34,943 \n5,294,785", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "67c3cbe498f34aef"}, {"chunk_id": "2a5013b00a51b14c", "content": "Provtslon for doubtful debts/ bad debts written off Other non-cash items 420 (37,030) (72,868) Operating cash flows before changes In assets and liabilities O\\anges In assets and liabilities TnKle receivables Trade payables 29,658 8,586 (1,416) 22,699 48,154 (23,868) Inventories Provisions Other flnanclal and non-flnanclal l1<1bihtfeS Other financial and non-flmmclal assets (771) 17,332 41,516 (25,398) Net: cash generated frorn operations before tax Income tm< paid (net) Net cash generated from operating activities (a) cash flows from Investing activities Purchase of property, plant and equipment and capital work-in-progress Proceeds from si,le of property, ph,nt and equipment Purch1>se of Intangible assets and intangible assets under development Payment towards spectrum {lndudlng deferred pi,yment liability)• Proceeds from sale of current investments (net) Acquisition of n subsidiary, net of cash proceeds 3,382 ( 17,722) (213,487) 1,228 (18,600) (121,547)", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "'E ~m\ne~~ \nJI annualised for the quarters. \nI ,u \n;;: I \nI J:. \n(l) \nd> airte \nQ \n* V \n-", "subsection": "-\n282,039 \n981,809 \n108,653 \n55,198 \n34,943 \n5,294,785", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "67c3cbe498f34aef"}, {"chunk_id": "629e85734ac6e1a5", "content": "Purchase of non-current investments Proceeds from sale of non-current Investments Cash disposed off on sale of subsidiaries cash ncqulred on acquisition of subs!dfary Investment In joint venture and associate 300 (69) 1,023 (8,788) Proceeds from snle of inve!,lment In joint venture Dividend received Interest received Net cash used In investing activities (b) cash flows from financing activities Proceeds from borrowings Repayment of borrowings Payment of lease linbilities Proceeds from short-term borrowings {net) Purchase of treasury shnres Interest and other flnnnce charges paid\" Proceeds from exercise of share options Dividend paid Redemption of perpetual l>onds Buyb11ck of perpetual bonds from non-controlling interests Purchase of shnres from non-controlling interests (Payment of) / proceeds from maturity of deriV11tives (net) Proceeds from sale of shares of subsidiary to non-controlllng interests 67,123 (100,803} (78,552) 15,516 {71,538) 36,927 (3,675) (175,476) (69,3◄9) (86,292) - (37,3'18} ( 16,427) - (1,693) (870) 573 4,391 Net cash used in financing activities ( c) Net Increase 1n the cash and cash equivalents during the year (a+b+c) Effect of exch,mge n,te on the cnsh and cash equivalents", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "'E ~m\ne~~ \nJI annualised for the quarters. \nI ,u \n;;: I \nI J:. \n(l) \nd> airte \nQ \n* V \n-", "subsection": "-\n282,039 \n981,809 \n108,653 \n55,198 \n34,943 \n5,294,785", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "335c4945a05bb1b0"}, {"chunk_id": "e81c3a181808266f", "content": "•cash flo~ o \" _ • :-; ; ' cquisition to Department of Telecommunications includes upfront/ deferred I prepaid payments. •tncludel (/,t['!:J~ ~ r' of deferred liabilrties pertaining to spectrum acquired in auction of year 2012, 2015, 2016, 2021, 2022 and 2024. cash and cash equivalents as \"t beginning of the period cash and ca - nts as at end of the year L?. _ ,:. - :--;:,_ For the purpose of Audited Consolidated Statement of Cash Flows, cash and cash equivalents comprise of following: Particulars March 31, 2025 March 31, 2024 Aullted Audited Cash alld cash equivalents as per Aucftted Consoldated Batlnce Sheet 61,056 69,155 Add : Balance held under mobile money trust\"' B1,480 61,484 Add : Restricted balimce in escrow accnunt 2,032 . Less : Blink overdraft (38,037) (40,118) cash aRd cash equivalents as per Audited Consoldated statement of Cash Flows 1116,531 90,521 •1t represents cash received from subscribers of mobile commerce services relaiing to ~s subsidiaries in Africa and the same is not available for general use by the Group. Notes to the Audited Consolidated Financial Results 1. The Audited Consolidated Financial Results for the quarter and year ended March 31, 2025 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on May 13, 2025. 2. These Audited Consolidated Financial Results are compiled from the Audited Consolidated Financial Statements for the", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "•cash flo~\no \" _ • :-; \n; ' \ncquisition to Department of Telecommunications includes upfront/ deferred I prepaid payments. \n•tncludel (/,t['!:J~ \n~ r' \nof deferred liabilrties pertaining to spectrum acquired in auction of year 2012, 2015, 2016, 2021, 2022 and 2024.", "subsection": "Cash alld cash equivalents as per Aucftted Consoldated Batlnce Sheet \n61,056 \n69,155 \nAdd : Balance held under mobile money trust\"' \nB1,480 \n61,484 \nAdd : Restricted balimce in escrow accnunt \n2,032 \n.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e1c0df74c3242954"}, {"chunk_id": "7e3a6b5cf6413d19", "content": "2. These Audited Consolidated Financial Results are compiled from the Audited Consolidated Financial Statements for the year ended March 31, 2025, the Audited Interim Condensed Consolidated Financial Statements for the quarter and nine months ended December 31, 2024 and the Audited Consolidated Financial Statements for the year ended March 31, 2024. The Audited Consolidated Financial Statements for the year ended March 31, 2025 have been prepared in accordance with Indian Accounting Standard ('Ind AS') as prescribed under Section 133 of the Companies Act, 2013 read together with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 (as amended from time to time) and other accounting principles generally accepted in India. The said Audited Consolidated Financial Results represent results of the Group, and its share in the results of associates and joint ventures. The Audited Consolidated Financial Results for the quarter ended March 31, 2025 and March 31, 2024 are the balancing figures between audited figures in respect of the full financial year and the audited published year to date figures of the third quarter of the respective financial year. 3. The Group has changed the classification of distribution costs relating to its Africa mobile money business to better reflect the nature of these costs effective April 1, 2024, accordingly the costs previously included in other operating expenses in", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "•cash flo~\no \" _ • :-; \n; ' \ncquisition to Department of Telecommunications includes upfront/ deferred I prepaid payments. \n•tncludel (/,t['!:J~ \n~ r' \nof deferred liabilrties pertaining to spectrum acquired in auction of year 2012, 2015, 2016, 2021, 2022 and 2024.", "subsection": "Cash alld cash equivalents as per Aucftted Consoldated Batlnce Sheet \n61,056 \n69,155 \nAdd : Balance held under mobile money trust\"' \nB1,480 \n61,484 \nAdd : Restricted balimce in escrow accnunt \n2,032 \n.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e1c0df74c3242954"}, {"chunk_id": "089279b127aa2daf", "content": "the nature of these costs effective April 1, 2024, accordingly the costs previously included in other operating expenses in the comparative periods are reclassified to the sales and marketing expenses in the Consolidated Statement of Profit and Loss and Consolidated Financial Results. 4. During the quarter ended March 31, 2025, the Company has, in accordance with the terms of the Offering Circular dated January 14, 2020 w.r.t. USO 1,000 million 1.50% Convertible Bonds redeemable on February 17, 2025 ('FCCBs'), allotted 6,272,298 equity shares of the face value of Rs. 5 each fully paid up against the conversion request of FCCBs of USO 44.85 million. Further, the Company has redeemed the outstanding FCCBs aggregating to USO 0.2 million together with accrued interest thereon, in accordance with the terms and conditions of FCCBs. No FCCBs are outstanding as at March 31, 2025. 5. On March 26, 2025, the Group has pre-paid Rs. 59,859 million to the Department of Telecommunications, Government of India for the spectrum acquired in auction of year 2024. The Company has now fully pre-paid all deferred liabilities pertaining to spectrum acquired in auction of year 2024. 6. During the quarter ended March 31 , 2025, exceptional loss of Rs. 1,401 million is on account of settlement of legal dispute in one of the Group's erstwhile subsidiary in Africa. The charge allocated to non-controlling interest in respect to the", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "•cash flo~\no \" _ • :-; \n; ' \ncquisition to Department of Telecommunications includes upfront/ deferred I prepaid payments. \n•tncludel (/,t['!:J~ \n~ r' \nof deferred liabilrties pertaining to spectrum acquired in auction of year 2012, 2015, 2016, 2021, 2022 and 2024.", "subsection": "Cash alld cash equivalents as per Aucftted Consoldated Batlnce Sheet \n61,056 \n69,155 \nAdd : Balance held under mobile money trust\"' \nB1,480 \n61,484 \nAdd : Restricted balimce in escrow accnunt \n2,032 \n.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e1c0df74c3242954"}, {"chunk_id": "5d1e80399971a7f8", "content": "1,401 million is on account of settlement of legal dispute in one of the Group's erstwhile subsidiary in Africa. The charge allocated to non-controlling interest in respect to the transaction is Rs.528 million. 7. During the quarter ended March 31, 2025, the Company has received favorable orders with respect to tax losses and consequently, Group's tax expense I (credit) includes a tax benefit of Rs. 59,133 million arising from the recognition of unrecognised deferred tax assets on these tax losses. The benefit allocated to non-controlling interest on the recognition is Rs. 265 million 8. During the quarter ended March 31, 2025, the application of hyperinflationary accounting in the Group's Malawi operations resulted in an increase of Rs. 8,464 million in non-monetary net assets and correspondingly in equity. This increase has been recognised through other comprehensive income. 9. During the quarter ended March 31, 2025, Airtel Africa pie ('Airtel Africa'), a subsidiary of the Group in continuation to its e buy-back programme for USO 100 million, further bought back USD 26.40 million w lion) resulting an increase in the Group's effective shareholding in Airtel Africa from 5 10. During the quarter ended March 31, 2025, the Company has acquired 4.99% stake in Airtel Africa over two tranches via Airtel Africa Mauritius Limited, a subsidiary of the Group, for total consideration of Rs. 27,377 million. The excess of", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "•cash flo~\no \" _ • :-; \n; ' \ncquisition to Department of Telecommunications includes upfront/ deferred I prepaid payments. \n•tncludel (/,t['!:J~ \n~ r' \nof deferred liabilrties pertaining to spectrum acquired in auction of year 2012, 2015, 2016, 2021, 2022 and 2024.", "subsection": "Cash alld cash equivalents as per Aucftted Consoldated Batlnce Sheet \n61,056 \n69,155 \nAdd : Balance held under mobile money trust\"' \nB1,480 \n61,484 \nAdd : Restricted balimce in escrow accnunt \n2,032 \n.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e1c0df74c3242954"}, {"chunk_id": "43877a6e06c410e3", "content": "Airtel Africa Mauritius Limited, a subsidiary of the Group, for total consideration of Rs. 27,377 million. The excess of consideration over the change in non-controlling interests, amounting to Rs. 16,731 million has been recognised directly in equity and this has resulted in an increase in the Group's effective shareholding in Airtel Africa from 57.36% to 62.35%. 11. During the quarter ended March 31, 2025, Network i2i Limited, a wholly owned subsidiary of the Group, has voluntarily redeemed perpetual bonds amounting to USD 1,000 million which were classified as non-controlling Interest in the consolidated financial statement, along with accrued interest thereon. 12. The Board of Directors has recommended a final dividend of Rs. 16 per fully paid-up equity share of face value of Rs. 5 each and Rs. 4 per partly paid-up equity share of face value of Rs. 5 each (paid-up Rs. 1.25 per equity share) for the financial year 2024-25 and the same is subject to Shareholders' approval. 13. All the amounts included in the Audited Consolidated Financial Results are rounded off to the nearest million, except per share data and unless stated otherwise. For Bharti Airtel Limited", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "•cash flo~\no \" _ • :-; \n; ' \ncquisition to Department of Telecommunications includes upfront/ deferred I prepaid payments. \n•tncludel (/,t['!:J~ \n~ r' \nof deferred liabilrties pertaining to spectrum acquired in auction of year 2012, 2015, 2016, 2021, 2022 and 2024.", "subsection": "Cash alld cash equivalents as per Aucftted Consoldated Batlnce Sheet \n61,056 \n69,155 \nAdd : Balance held under mobile money trust\"' \nB1,480 \n61,484 \nAdd : Restricted balimce in escrow accnunt \n2,032 \n.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e1c0df74c3242954"}, {"chunk_id": "41ce58d260b383ef", "content": "Digitally signed by Gopal Vittal Date: 2025.05.13 17:04:31 +05'30' GopalVittal Vice Chairman & Managing Director DIN: 02291778 Coonoor, Tamil Nadu May 13, 2025 Notes: a) 'Bharti Airtel' or 'Company' stands for Bharti Airtel Limited b) 'Group' or 'Consolidated' stands for Bharti Airtel Limited together with its subsidiaries c) For more details on the Audited Consolidated Financial Results, please visit our website 'www.airtel.in'", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "Gopal \nVittal", "subsection": "Cash alld cash equivalents as per Aucftted Consoldated Batlnce Sheet \n61,056 \n69,155 \nAdd : Balance held under mobile money trust\"' \nB1,480 \n61,484 \nAdd : Restricted balimce in escrow accnunt \n2,032 \n.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d5a693ae079b8d88"}, {"chunk_id": "48327d8a3d2a3efe", "content": "Bharti Airtel Limited CIN: L74899HR1995PLC095967 Registered Office: Airtel Center, Plot no. 16, Udyog Vihar, Phase IV, Gurugram -122015, India T.: +91-124-4222222, F.: +91-124-4248063, Email id: compliance.officer@bharti.in Statement of Audited Standalone Financial Results for the quarter and year ended March 31, 2025 {Rs. in Millions; except per share data) Previous Year Year ended ended Income Revenue from operations Other income Expenses Network operating expenses Access charges License fee f Spectrum charges Employee benefits expense Sales and 111<1rketing expenses Other expenses 54,639 10,614 27,039 6,895 13,514 11,623 26,788 5,620 12,937 44,488 103,102 23,937 52,504 38,432 481,850 200,593 41,115 88,403 21,760 52,423 31,742 436,036 Profit before depredation, amortisation, finance costs, exceptional items and tax Depreciation and amortisation expenses Finance costs Profit before exceptional items and tax 82,165 36,688 46,861 82,300 40,310 42,096 76,067 36,621 21,365 291,085 144,054 83,924 Exceptional items (net) Profit before tax Tax expense/ (cred\"d:} current tax Deferred tax 4,738 16,541 21,279 Profit for the quarter / year other comprehensive income (OCI) nems oot to be reclassified to profrt or loss : - Gain on investment at fair value through OCI - Re-measurement gain/ (loss) on defined benefit plans • Tax (charge) / credit other comprehensive income / (loss} for the quarter/ year Total comprehensive income for the quarter / year Earnings per share\" (Face value : Rs. 5 each) Basic Diluted Paid-up equity share capital (Face value : Rs. 5 each) Other equity_ 29,001 28,766 1,372,310 n-,o 853 u~c.kfn~", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "~ \nai.-tel", "subsection": "29,001 \n28,766 \n1,372,310 \nn-,o 853 \nu~c.kfn~", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "668217485f3006ff"}, {"chunk_id": "147a45cec2b5b244", "content": "\"Earnm'-. ~ nnualised for the quarters. Audited Standalone Balance Sheet as of March 31, 2025 As of Mardi 31, 2025 Non-wrrent assets Property, plant and equipment capital work-in-progress Right-of-use assets Goodwill Other intangible assets Intangible assets under development Investments in subsidiaries, associates and joint ventures 827,599 50,946 448,142 1,083 1,066,057 1,629 878,287 43,226 406,491 1,083 1,024,961 76,891 575,680 - Investments - Derivative instruments - Other financial assets Income tmc assets ( net) 726 65 18,323 7,982 129,938 67,784 3,137,789 18,199 5,731 190,412 Deferred tax assets {net) Other non-current assets - Investments - Derivative instruments - Trade receivabk!s - Cash and cash equiYalents - Other bank balances - Loans - Other financial assets other airrent assets 0 736 31,715 6,628 403 410 234,993 5,344 2,064 42,162 228,089 77,330 380,344 Equity and liabilities Equity share capital Other equity 29,001 1,372,310 1,401,311 28,766 979,853 1,008,619 Hon-current liabilities - Borrowings - lease liabilities - DerivlltiVe Instruments - Otlter financial liabilities Deferred revenue Provisions financial liabilities 368,910 139 42,550 17,162 - Borrowings - Lease liabilities - Derivative instruments - Trade payables - Total outstanding dues of micro enterprises and small enterprises - Total outstanding dues of creditors other than micro enterprises and small enterprises - Other financial liabilities Deferred revenue Provisions Current tax liabilities (net) Other current liabilities 127,926 70,152 300,699 4,737 41,654 1,154,156 129,245 60,283 233,035 12,463 31,038 882,908", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "\"Earnm'-. ~ nnualised for the quarters.", "subsection": "Less : Bank overdraft \n. \n-\ncash and cash equivalents as per Aud\"ll:ed standalone statement of cash flows \n6,628 \n5,344", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ae1beffb658ded80"}, {"chunk_id": "42c7279c70b6b41f", "content": "than micro enterprises and small enterprises - Other financial liabilities Deferred revenue Provisions Current tax liabilities (net) Other current liabilities 127,926 70,152 300,699 4,737 41,654 1,154,156 129,245 60,283 233,035 12,463 31,038 882,908 Audited Standalone Statement of Cash Flows for the year ended March 31, 2025 Rs. In Milhons Yearended March 31,. 2025 March 31,. 2024 Audited Audited Cash flows from operating activities Oeprecintlon nnd nmortisation expenses Finance costs Interest income DMdend income Net (gain} / loss on derivative finnncial instruments Net gain on fair value through profit or loss Investments Exception11I Items (net} Loss on sale of property, plant and equipment Employee shnre b!lsed p11yment expense Pr'l)\\/\\sion for doubtful debts / blld debts written off other non - cash items 325,111 291,085 151,732 143,246 (2,974) (7,409) (1,400) {525) (998) 267 (1,402) (1,871) (34,915) 12,763 3 7 1,145 832. 4,377 2,535 (599) 1,053 Operating Clish flows before changes in assets and liabilities Changes in assets and &abilities Trade receivables Tmde pnyables (12,097) (6,187) (1,924) 8,094 15,725 14,366 23,591 12,189 (25,993) (12,896) Provtsfons other financial and non-financial liabilities other financi!II and non-financial assets Net cash generated from operati<Jn,s; before tax Income tax refund (net) Net c.ash generated from operating activities (a) Cash flows from investing activities Purchase of property, plant and equipment and capital·work-in-progress Proceeds from sale of property, plMt and equipment", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "\"Earnm'-. ~ nnualised for the quarters.", "subsection": "Less : Bank overdraft \n. \n-\ncash and cash equivalents as per Aud\"ll:ed standalone statement of cash flows \n6,628 \n5,344", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ae1beffb658ded80"}, {"chunk_id": "cf0ee169c43260a6", "content": "Net c.ash generated from operating activities (a) Cash flows from investing activities Purchase of property, plant and equipment and capital·work-in-progress Proceeds from sale of property, plMt and equipment Purchase af intangible assets nnd intangible assets under development Proceeds from sale of Intangible assets Payment towards spectrum (including deferred payment liability)'\" Proceeds from sale of current investments (net) Purchase of non-current investments Proceeds from safe of non-current investments Net proceeds from sale of investment in subsidiary Investment in subsidiary Investment in joint venture and associate Proceeds from sale of investment in joint venture Proceeds from transfer of passiVe infrastructure business undertaking by w,sy of slump sale\" Loan given to subsidiaries Loan repayment by subsidiaries Dividend received (241,372) (262,354) 3,620 1,113 (7,387) (4,260) 3,598 (200,621) (119,432) 9,695 28,630 (477) (230) 17 69 144,402 {24,300) (144,578) (8,788) (300) 45 (23,501) (20,116) 52,148 20,119 1,400 525 3,106 7,644 Net cash used in investing activities (b) Cash flows from financing activities Proceeds from borrowings Repayment of borrowings Payment of lease liabilities Proceeds from short-term borrowings (net) 13,403 3,077 (27,830) (40,300) (53,441) (46,620) 21,037 14,576 (114,400) (99,813) 6 6 (46,325) (22,763) Interest and other finance charges paid\" Proceeds from exercise of share options OiVldend paid Net cash used In financing activities (c)", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "\"Earnm'-. ~ nnualised for the quarters.", "subsection": "Less : Bank overdraft \n. \n-\ncash and cash equivalents as per Aud\"ll:ed standalone statement of cash flows \n6,628 \n5,344", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ae1beffb658ded80"}, {"chunk_id": "326f881067e3400d", "content": "(40,300) (53,441) (46,620) 21,037 14,576 (114,400) (99,813) 6 6 (46,325) (22,763) Interest and other finance charges paid\" Proceeds from exercise of share options OiVldend paid Net cash used In financing activities (c) Net increase / (decrease) in cash and cash equivalents during the year (a+b+c) Add : Cash and cash equivalents as at the beginning of the year Cash and cash equivalents as at the end of the year acquis~ions ta Department of Telecommunications includes upfront/ deferred/ prepaid payments. / t al deferred liabilities pertaining to spectrum acquired in auction of year 2012, 2015, 2016, 2021 and 2024. For the purpose of Audited Standalone Statement of Cash Flows, cash and cash equivalents comprise of the following: {Rs. in Millions) Asof Particutars March 31, 2025 March 31, 2024 Aud\"ted Aud\"ited cash and cash equivalents as per Audlted standalone Balance Sheet 6,628 5,344 Less : Bank overdraft . - cash and cash equivalents as per Aud\"ll:ed standalone statement of cash flows 6,628 5,344 Notes to the Audited Standalone Financial Results 1. The Audited Standalone Financial Results for the quarter and year ended March 31, 2025 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on May 13, 2025. 2. These Audited Standalone Financial Results are compiled from the Audited Standalone Financial Statements for the year", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "\"Earnm'-. ~ nnualised for the quarters.", "subsection": "Less : Bank overdraft \n. \n-\ncash and cash equivalents as per Aud\"ll:ed standalone statement of cash flows \n6,628 \n5,344", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ae1beffb658ded80"}, {"chunk_id": "0b652010e89cffe8", "content": "2. These Audited Standalone Financial Results are compiled from the Audited Standalone Financial Statements for the year ended March 31, 2025, the Audited Interim Condensed Standalone Financial Statements for the quarter and nine months ended December 31, 2024 and the Audited Standalone Financial Statements for the year ended March 31, 2024. The Audited Standalone Financial Statements for the year ended March 31, 2025 have been prepared in accordance with Indian Accounting Standard ('Ind AS') as prescribed under Section 133 of the Companies Act, 2013 read together with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 (as amended from time to time) and other accounting principles generally accepted in India. The Audited Standalone Financial Results for the quarter ended March 31, 2025 and March 31, 2024 are the balancing figures between audited figures in respect of the full financial year and the audited published year to date figures of the third quarter of the respective financial year. 3. During the quarter ended March 31, 2025, the Company has, in accordance with the terms of the Offering Circular dated January 14, 2020 w.r.t. USO 1,000 million 1.50% Convertible Bonds redeemable on February 17, 2025 ('FCCBs'), allotted 6,272,298 equity shares of the face value of Rs. 5 each fully paid up against the conversion request of FCCBs of USO 44.85 million.", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "\"Earnm'-. ~ nnualised for the quarters.", "subsection": "Less : Bank overdraft \n. \n-\ncash and cash equivalents as per Aud\"ll:ed standalone statement of cash flows \n6,628 \n5,344", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ae1beffb658ded80"}, {"chunk_id": "0c48babe413e992e", "content": "6,272,298 equity shares of the face value of Rs. 5 each fully paid up against the conversion request of FCCBs of USO 44.85 million. Further, the Company has redeemed the outstanding FCCBs aggregating to USO 0.2 million together with accrued interest thereon. in accordance with the terms and conditions of FCCBs. No FCCBs are outstanding as at March 31, 2025.", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "\"Earnm'-. ~ nnualised for the quarters.", "subsection": "Less : Bank overdraft \n. \n-\ncash and cash equivalents as per Aud\"ll:ed standalone statement of cash flows \n6,628 \n5,344", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ae1beffb658ded80"}, {"chunk_id": "88a97fa91f9b1e0d", "content": "4. On March 26, 2025, the Company has pre-paid Rs. 51 ,283 million to the Department of Telecommunications, Government of India for the spectrum acquired in auction of year 2024. The Company has now fully pre-paid all deferred liabilities pertaining to spectrum acquired in auction of year 2024. 5. During the quarter ended March 31, 2025, the Company has transferred its 69.94% equity stake in Airtel Payments Bank Limited, an associate of the Company, to Airtel Limited, a subsidiary of the Company, against a consideration of Rs. 86,654 million. Airtel Limited has discharged the consideration through issuance of 0.01 % optionally convertible debentures. The transaction is recorded as a common control transaction and the difference between consideration received and the carrying value of investment transferred, amounting to Rs. 69,400 million has been recognised in common control reserve. 6. During the quarter ended March 31, 2025, the Company has transferred its Internet of Things undertaking to Xtelify Limited, a subsidiary of the Company, under slump sale arrangement on going concern basis. The transfer was completed on February 28, 2025 against a consideration of Rs. 102,260 million. Xtelify Limited has discharged the consideration through issuance of 0.01% optionally convertible debentures. The transaction is recorded as a common control transaction and the difference", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "\"Earnm'-. ~ nnualised for the quarters.", "subsection": "~s\\<.in.s ff \n~ \n(.f) \n~ Chartered ~ \n0 A ount nt• ii,\"", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5ef6b62fac9d5da8"}, {"chunk_id": "2b94c7d788dbe8dd", "content": "102,260 million. Xtelify Limited has discharged the consideration through issuance of 0.01% optionally convertible debentures. The transaction is recorded as a common control transaction and the difference between consideration received and the carrying value of net assets transferred, amounting to Rs. 100,420 million has been recognised in common control reserve. 7. The Company has entered into a Business Transfer Agreement ('BTA') on February 07, 2025 for transfer of the passive infrastructure business undertaking by way of a slump sale to Indus Towers Limited ('Indus'), a subsidiary of the Company. The transfer of business undertaking was completed on March 24, 2025 with receipt of sale consideration as per terms of BTA. The Company has received Rs. 18,288 million on March 24, 2025 and Rs. 2,032 million is deposited by Indus into Escrow Account as per terms of BTA. The aforesaid sales consideration in Escrow Account is provisional and is subject to adjustments for site count and category of sites as per BTA and the reconciliation is to be completed within 4 months from March 24, 2025. The Company has availed passive infrastructure services for the assets transferred and the same has been accounted for as per the requirement of Ind AS. 8. During the quarter ended March 31, 2025, the Company has received favorable orders with respect to tax losses and consequently, the tax expense/ (credit) includes a tax benefit of Rs.", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "\"Earnm'-. ~ nnualised for the quarters.", "subsection": "~s\\<.in.s ff \n~ \n(.f) \n~ Chartered ~ \n0 A ount nt• ii,\"", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5ef6b62fac9d5da8"}, {"chunk_id": "f72050102e355c5a", "content": "8. During the quarter ended March 31, 2025, the Company has received favorable orders with respect to tax losses and consequently, the tax expense/ (credit) includes a tax benefit of Rs. 58,251 million arising from the recognition of unrecognized deferred tax assets on these tax losses. 9. The Board of Directors has recommended a final dividend of Rs. 16 per fully paid-up equity share of face value of Rs. 5 each and Rs. 4 per partly paid-up equity share of face value of Rs. 5 each (paid-up Rs. 1.25 per equity share) for the financial year 2024-25 and the same is subject to Shareholders' approval. 10. The Company publishes these Audited Standalone Financial Results along with the Audited Consolidated Financial Results. In accordance with Ind AS 108, 'Operating Segments', the Company has disclosed the segment information in the Audited Consolidated Financial Results. 11. All the amounts included in the Audited Standalone Financial Results are rounded off to the nearest million, except per share data and unless stated otherwise. Further due to rounding off, certain amounts are appearing as 'O'. For Bharti Airtel Limited Digitally signed by Gopal Vittal Date: 2025.05.13 17:05:03 +05'30' Gopal Vittal Vice Chairman & Managing Director DIN: 02291778 Coonoor, Tamil Nadu May 13, 2025 Notes: a) 'Bharti Airtel' or 'Company' stands for Bharti Airtel Limited. b) For more details on the Audited Standalone Financial Results, please visit our website 'www.airtel.in'.", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "\"Earnm'-. ~ nnualised for the quarters.", "subsection": "~s\\<.in.s ff \n~ \n(.f) \n~ Chartered ~ \n0 A ount nt• ii,\"", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5ef6b62fac9d5da8"}, {"chunk_id": "d1bca42948b7da8b", "content": "Coonoor, Tamil Nadu May 13, 2025 Notes: a) 'Bharti Airtel' or 'Company' stands for Bharti Airtel Limited. b) For more details on the Audited Standalone Financial Results, please visit our website 'www.airtel.in'. Chartered Accountants 7th Floor Building 10 Tower B DLF Cyber City Complex DLF City Phase II Gurugram-122 002 Haryana, India Tel: +91 124 679 2000 Fax: +91 124 679 2012 INDEPENDENT AUDITOR'S REPORT ON AUDIT OF QUARTERLY AND ANNUAL CONSOLIDATED FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF BHARTI AIRTEL LIMITED We have audited the accompanying Statement of Audited Consolidated Financial Results for the quarter and year ended March 31, 2025 of BHARTI AIRTEL LIMITED (\"the Parent\") and its subsidiaries (the Parent and its subsidiaries together referred to as \"the Group\"), and its share of the net profit after tax and other comprehensive income/loss of its joint ventures and associates for the quarter and year ended March 31, 2025, (\"the Consolidated Financial Results\"), being submitted by the Parent pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (\"the LODR Regulations\"). In our opinion and to the best of our information and according to the explanations given to us, and based on the consideration of the audit report of the other auditor on separate financial information", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "\"Earnm'-. ~ nnualised for the quarters.", "subsection": "~s\\<.in.s ff \n~ \n(.f) \n~ Chartered ~ \n0 A ount nt• ii,\"", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5ef6b62fac9d5da8"}, {"chunk_id": "6d9a90379dabbf34", "content": "In our opinion and to the best of our information and according to the explanations given to us, and based on the consideration of the audit report of the other auditor on separate financial information of an associate referred to in Other Matters section below, the Consolidated Financial Results: (i) include the financial results of the entities as given in Annexure to this report; (ii) are presented in accordance with the requirements of the LODR Regulations; and (iii) give a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards as notified by the Ministry of Corporate Affairs (\"MCA\") under section 133 of the Companies Act, 2013 (\"Act\"), read together with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 (as amended from time to time) (\"Ind AS\") and other accounting principles generally accepted in India of the consolidated net profit and consolidated other comprehensive income and other financial information of the Group, its associates and joint ventures for the quarter and year ended March 31, 2025. We conducted our audit in accordance with the Standards on Auditing (\"SAs\") specified under Section 143(10) of the Act. Our responsibilities under those Standards are further described in Auditor's Responsibilities for audit of the Consolidated Financial Results section below. We are independent of", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "\"Earnm'-. ~ nnualised for the quarters.", "subsection": "~s\\<.in.s ff \n~ \n(.f) \n~ Chartered ~ \n0 A ount nt• ii,\"", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5ef6b62fac9d5da8"}, {"chunk_id": "4995f9ddc56d08ab", "content": "143(10) of the Act. Our responsibilities under those Standards are further described in Auditor's Responsibilities for audit of the Consolidated Financial Results section below. We are independent of the Group, its associates and joint ventures in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (\"!CAI\") together with the ethical requirements that are relevant to our audit of the Consolidated Financial Results under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the !CAi's Code of Ethics. We believe that the audit evidence obtained by us and the audit evidence obtained by the other auditor in terms of their report referred to in Other Matters section below, is sufficient and appropriate to provide a basis for our audit opinion. ~s\\<.in.s ff ~ (.f) ~ Chartered ~ 0 A ount nt• ii,\" Regd. Office: One International Center, Tower 3, 31st floor, Senapati Ba pat Marg, Elphinstone Road (West), Mumbai-400 OJ\")'$~ ~", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "\"Earnm'-. ~ nnualised for the quarters.", "subsection": "~s\\<.in.s ff \n~ \n(.f) \n~ Chartered ~ \n0 A ount nt• ii,\"", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5ef6b62fac9d5da8"}, {"chunk_id": "3f1faae0d920c845", "content": "Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identification No: AAB-8737 Page 1 of 7 Management's and Those Charged With Governance's Responsibilities for the Consolidated Financial Results This Consolidated Financial Results are the responsibility of the Company's management and have been approved by the Board of Directors for issuance. The Consolidated Financial Results have been . compiled from the related Audited Consolidated Financial Statements for the year ended March 31, 2025, the Audited Interim Condensed Consolidated Financial Statements for the quarter and nine months ended December 31, 2024 and the Audited Consolidated Financial Results for the quarter and year ended March 31, 2024. This responsibility includes the preparation and presentation of the Consolidated Financial Results that give a true and fair view of the consolidated net profit/(loss) and consolidated other comprehensive income/(loss) and other financial information of the Group including its associates and joint ventures in accordance with the recognition and measurement principles laid down in Ind AS and other accounting principles generally accepted in India and in compliance with the LODR Regulations. The respective Board of Directors of the companies included in the Group and of its associates and joint ventures are responsible for maintenance of adequate accounting records in accordance with", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "\"Earnm'-. ~ nnualised for the quarters.", "subsection": "~s\\<.in.s ff \n~ \n(.f) \n~ Chartered ~ \n0 A ount nt• ii,\"", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7a061e01ce86c230"}, {"chunk_id": "d5a058b61cd4a77d", "content": "The respective Board of Directors of the companies included in the Group and of its associates and joint ventures are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Group and its associates and joint ventures and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the respective financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of this Consolidated Financial Results by the Directors of the Parent, as aforesaid. In preparing the Consolidated Financial Results, the respective management and the Board of Directors/Those Charged With Governance of the entities included in the Group and of its associates and joint ventures are responsible for assessing the ability of the respective entities to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "\"Earnm'-. ~ nnualised for the quarters.", "subsection": "~s\\<.in.s ff \n~ \n(.f) \n~ Chartered ~ \n0 A ount nt• ii,\"", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7a061e01ce86c230"}, {"chunk_id": "617b2983ade37627", "content": "and joint ventures are responsible for assessing the ability of the respective entities to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors/Those Charged With Governance either intends to liquidate their respective entities or to cease operations, or has no realistic alternative but to do so. The respective Board of Directors/Those Charged With Governance of the entities included in the Group and of its associates and joint ventures are responsible for overseeing the financial reporting process of the Group and of its associates and joint ventures. Auditor's Responsibilities for the audit of the Consolidated Financial Results Our objectives are to obtain reasonable assurance about whether the Consolidated Financial Results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this Consolidated Financial Results.", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "\"Earnm'-. ~ nnualised for the quarters.", "subsection": "~s\\<.in.s ff \n~ \n(.f) \n~ Chartered ~ \n0 A ount nt• ii,\"", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7a061e01ce86c230"}, {"chunk_id": "fa74f21beefd3b3b", "content": "if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this Consolidated Financial Results. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the Consolidated financial Results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. • Obtain an understanding of internal financial controls relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group's internal financial controls. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the management and approved by the Board of Directors. • Evaluate the appropriateness and reasonableness of disclosures made by the Board of", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "\"Earnm'-. ~ nnualised for the quarters.", "subsection": "~s\\<.in.s ff \n~ \n(.f) \n~ Chartered ~ \n0 A ount nt• ii,\"", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7a061e01ce86c230"}, {"chunk_id": "a71bacfe5ac2b60f", "content": "accounting estimates made by the management and approved by the Board of Directors. • Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the requirements specified under the LODR Regulations. • Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group and its associates and joint ventures to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Consolidated Financial Results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group and its associates and joint ventures to cease to continue as a going concern. • Evaluate the overall presentation, structure and content of the Consolidated Financial Results, including the disclosures, and whether the Consolidated Financial Results represent the underlying transactions and events in a manner that achieves fair presentation. • Perform procedures in accordance with the circular issued by the SEBI under Regulation", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "\"Earnm'-. ~ nnualised for the quarters.", "subsection": "~s\\<.in.s ff \n~ \n(.f) \n~ Chartered ~ \n0 A ount nt• ii,\"", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7a061e01ce86c230"}, {"chunk_id": "5b3f4149dff81a0c", "content": "the underlying transactions and events in a manner that achieves fair presentation. • Perform procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the LODR Regulations to the extent applicable. • Obtain sufficient appropriate audit evidence regarding the standalone financial results, entities within the Group and its associates and joint ventures to express an opinion on the Consolidated Financial Results. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the Consolidated Financial Results of which we are the independent auditors. For the other entity included in the Consolidated Financial Results, which has been audited by the other auditor, such other auditor remains responsible for the direction, supervision and performance of the audit carried out by them. We remain solely responsible for our audit opinion.", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "\"Earnm'-. ~ nnualised for the quarters.", "subsection": "~s\\<.in.s ff \n~ \n(.f) \n~ Chartered ~ \n0 A ount nt• ii,\"", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7a061e01ce86c230"}, {"chunk_id": "79ddffe076b9b9d1", "content": "Materiality is the magnitude of misstatements in the Consolidated Financial Results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Consolidated Financial Results may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Consolidated Financial Results. We communicate with those charged with governance of the Parent and such other entities included in the Consolidated Financial Results of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with • them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the LODR Regulations, as amended, to the extent applicable.", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "\"Earnm'-. ~ nnualised for the quarters.", "subsection": "~s\\<.in.s ff \n~ \n(.f) \n~ Chartered ~ \n0 A ount nt• ii,\"", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3fab1b503cad8985"}, {"chunk_id": "45d92c511a3c8698", "content": "where applicable, related safeguards. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the LODR Regulations, as amended, to the extent applicable. a) The Consolidated Financial Results also include the Group's share of net profit after tax of Rs. 188 million and Rs 498 million for the quarter and year ended March 31, 2025, respectively • and other comprehensive income/loss of Rs. 23 million and Rs. 0 million for the quarter and • , year ended March 31, 2025 respectively, as considered in the Consolidated Financial Results, • in respect of an associate whose financial information has not been audited by us. This financial information of such associate has been audited by other auditor and our opinion on the Consolidated Financial Results, in so far as it relates to the amounts and disclosures included in respect of such associate, is based solely on the report of the other auditor. Our report on the Consolidated Financial Results is not modified in respect of the above matter with respect to our reliance on the work done and the report of the other auditor. b) The Consolidated Financial Results include the results for the quarter ended March 31, 2025 being the balancing figure between audited figures in respect of the financial year ended March 31, 2025 and the audited year to date figures up to the nine months ended December 31, 2024.", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "\"Earnm'-. ~ nnualised for the quarters.", "subsection": "~s\\<.in.s ff \n~ \n(.f) \n~ Chartered ~ \n0 A ount nt• ii,\"", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3fab1b503cad8985"}, {"chunk_id": "f29a5604c6e0532f", "content": "being the balancing figure between audited figures in respect of the financial year ended March 31, 2025 and the audited year to date figures up to the nine months ended December 31, 2024. Our report on the Consolidated Financial Results is not modified in respect of the above matter. For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm's Registration No.117366W/W-100018)", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "\"Earnm'-. ~ nnualised for the quarters.", "subsection": "~s\\<.in.s ff \n~ \n(.f) \n~ Chartered ~ \n0 A ount nt• ii,\"", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3fab1b503cad8985"}, {"chunk_id": "a19f2bb628274a8f", "content": "Digitally signed by Vijay Agarwal Date: 2025.05.13 17:19:26 +05'30' Vijay Agarwal Partner ~ (Membership No. 094468) UDIN : '25 O 9 '-14 b<b (3 mm I'tN 2.131 Place: New Delhi Date: May 13, 2025 Annexure to Auditor's Report ~ -· ,, 2 Bharti Airtel. S,ervices Limited 37 Airtel Mobile Commerce (Tanzania) Limited 3 Bharti Hexacom Limited 38 Airtel Mobile Commerce Tchad S.A. 1 Bharti Airtel Limited 4 Bharti Telemedia Limited 39 Bharti Airtel Rwanda Holdings Limited 6 Nxtra Data Limited 41 Airtel Money Tanzania Limited 7 Xtelify Limited 42 Airtel Mobile Commerce Nigeria Limited 5 Airtel Limited 40 Airtel Money Transfer Limited 8 Indo Teleports Limited 43 Bharti Airtel International (Mauritius) Investments Limited# 9 Oneweb India Communications 44 Airtel Mobile Commerce (Seychelles) Private Limited~ B.V. 10 Bharti Airtel (France) SAS 45 Airtel Mobile Commerce Congo B.V. 11 Bharti Airtel (Hong Kong) Limited 46 Airtel Mobile Commerce Kenya B.V. 12 Bharti Airtel (Japan) Private Limited** 47 Airtel Mobile Commerce Uganda Limited 13 Bharti Airtel (UK) Limited 48 Airtel Mobile Commerce Zambia Limited 14 Bharti Airtel (USA) Limited 49 Airtel Money RDC S.A. 15 Bharti Airtel International (Mauritius) 50 Airtel Money Niger S.A. Limited\" 16 Bharti Airtel International 51 Airtel Money S.A. (Netherlands) B.V. 17 Bharti Airtel Lanka (Private) Limited% 52 Airtel Networks Kenya Limited 18 Bharti International (Singapore) Pte. 53 Airtel Networks Limited Ltd. 19 Network i2i Limited 54", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "Vijay \nAgarwal", "subsection": "Subsidiaries \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "64f24801de24c4df"}, {"chunk_id": "a84e63533eefbc1d", "content": "51 Airtel Money S.A. (Netherlands) B.V. 17 Bharti Airtel Lanka (Private) Limited% 52 Airtel Networks Kenya Limited 18 Bharti International (Singapore) Pte. 53 Airtel Networks Limited Ltd. 19 Network i2i Limited 54 Airtel Networks Zambia pie 20 Airtel {Seychelles) Limited 55 Airtel Rwanda Limited 21 Airtel Congo S.A. 56 Airtel Tanzania Public Limited Company 22 Airtel Gabon S.A. 57 Airtel Tchad S.A. 23 Airtel Madagascar S.A. 58 Airtel Uganda Limited 24 Airtel Malawi Public Limited Company 59 Bharti Airtel Africa B.V. 25 Airtel Mobile Commerce B.V. 60 Bharti Airtel Chad Holdings B. V. 26 Airtel Mobile Commerce Holdings B. V. 61 Bharti Airtel Congo Holdings B.V. 27 Bharti Airtel Malawi Holdings B.V. 62 Bharti Airtel Developers Forum Limited 28 Bharti Airtel Mali Holdings B.V. 63 Bharti Airtel Gabon Holdings B.V. 29 Bharti Airtel Niger Holdings B.V. 64 Bharti Airtel Kenya B.V. 30 Bharti Airtel Nigeria 8.V. 65 Bharti Airtel Madagascar Holdings B.V. 31 Bharti Airtel RDC Holdings B.V. 66 Airtel Africa Mauritius Limited 32 Airtel Mobile Commerce (Kenya) 67 Bharti Airtel Holding (Mauritius) Limited Limited 33 Airtel Mobile Commerce limited 68 Bharti Airtel Overseas (Mauritius) Limited 34 Airtel Mobile Commerce Madagascar 69 Airtel Africa pie S.A. .... 35 Airtel MopiLe Commerce Rwanda ltd 70 Airtel Mobile Commerce Nigeria B.V. 36 Airtel Mobile Commerce (Seychelles) 71 Bharti tw:tel Employees Welfare Trust Limited ll°\"c\\!.in.c:~", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "Vijay \nAgarwal", "subsection": "Subsidiaries \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "64f24801de24c4df"}, {"chunk_id": "383df97c3d9eb15e", "content": "-·~- .._'t IS'\" ~ Ch•rttr\"d ~ _, - -- Ae~untant (t) Page 5 of 7 0 J ,,..($) i\"P ., • 0 ~ - - 72 Bharti Airtel Services B.V. 106 Airtel Congo Telesonic Holdings (UK) Limited 73 Bharti Airtel Tanzania B.V. 107 Airtel DRC Telesonic Holdings (UK) Limited 74 Bharti Airtel Uganda Holdings B.V. 108 Airtel Gabon Telesonic Holdings (UK) Limited 75 Bharti Airtel Zambia Holdings B.V. 109 Airtel Kenya Telesonic Holdings (UK)", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "-·~-\n.._'t IS'\" \n~ Ch•rttr\"d \n~ \n_, \n-\n--\nAe~untant \n(t) \nPage 5 of 7 \n0 \nJ \n,,..($) i\"P \n., \n• \n0 \n~ \n-\n-", "subsection": "Subsidiaries \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2b79bede1987d8de"}, {"chunk_id": "7fa08e9499850e90", "content": "Limited 78 Celtel Niger S.A. 112 Airtel Nigeria Telesonic Holdings (UK) Limited 79 Channel Sea Management Company 113 Airtel Rwanda Telesonic Holdings (UK) (Mauritius) Limited& Limited 80 Congo RDC Towers S.A. 114 Airtel Seychelles Telesonic Holdings 77 Airtel Congo RDC S.A. 111 Airtel Niger Telesonic Holdings (UK) (UK) Limited 81 Gabon Towers S.A. * 115 Airtel Tanzania Telesonic Holdings (UK) Limited 82 Indian Ocean Telecom Limited 116 Airtel Uganda Telesonic Holdings (UK)", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "(UK) Limited \n.", "subsection": "(UK) Limited \n81 \nGabon Towers S.A. * \n115 \nAirtel Tanzania Telesonic Holdings (UK) \nLimited \n82 \nIndian Ocean Telecom Limited \n116 \nAirtel Uganda Telesonic Holdings (UK)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1fe0d7bba2958f7c"}, {"chunk_id": "3078c1036873ea9b", "content": "Limited 83 Mobile Commerce Congo S.A. 117 Airtel Zambia Telesonic Holdings (UK) Limited 84 Montana International& 118 Airtel Tchad Telesonic Holdings (UK) Limited 85 Partnership Investments Sarlu 119 Airtel (M) Telesonic Limited 86 The Registered Trustees of Airtel 120 Airtel Kenya Telesonic Limited Monev Trust Fund 87 Airtel Africa Services (UK) Limited 121 Airtel Niqeria Telesonic Limited 88 Airtel Mobile Commerce Services 122 Airtel Rwanda Telesonic Limited Limited 89 SmartCash Payment Service Bank 123 Airtel Telesonic Uganda Limited Limited 90 Airtel (M) Telesonic Holdings (UK) 124 Airtel Zambia Telesonic Limited Limited 91 Airtel Africa Telesonic Holdings 125 Airtel (Seychelles) Telesonic Limited Limited 92 Airtel Africa Telesonic Limited 126 Nxtra Africa Data Holdinqs Limited 93 Airtel Money Trust Fund 127 Nxtra Congo Data Holdings (UK} Limited 94 Airtel Mobile Commerce Madagascar 128 Nxtra DRC Data Holdings (UK) Limited B.V. 95 Airtel Mobile Commerce Malawi B.V. 129 Nxtra Gabon Data Holdings (UK) Limited 96 Airtel Mobile Commerce Rwanda B.V. 130 Nxtra Kenya Data Holdings (UK) Limited 97 Airtel Mobile Commerce Tchad B.V. 131 Airtel Mobile Commerce Tanzania B.V. 98 Airtel Mobile Commerce Uganda B.V. 132 Nxtra Nigeria Data Holdings (UK) Limited 99 Airtel Mobile Commerce Zambia B.V. 133 Airtel Conqo RDC Telesonic S.A.U. 100 Airtel International LLP 134 Nxtra Africa Data (Nigeria) Limited 101 Airtel Mobile Commerce DRC B.V. 135 Airtel Gabon Telesonic S.A. -- - 102 Airtel Mobile Commerce Gabon B.V. 136", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "Limited \n83 \nMobile Commerce Congo S.A. \n117 \nAirtel Zambia Telesonic Holdings (UK) \nLimited \n84 \nMontana International& \n118 \nAirtel Tchad Telesonic Holdings (UK) \nLimited \n85 \nPartnership Investments Sarlu \n119 \nAirtel (M) Telesonic Limited \n86 \nThe Registered Trustees of Airtel \n120 \nAirtel Kenya Telesonic Limited \nMonev Trust Fund \n87 \nAirtel Africa Services (UK) Limited \n121 \nAirtel Niqeria Telesonic Limited \n88 \nAirtel Mobile Commerce Services \n122 \nAirtel Rwanda Telesonic Limited \nLimited \n89 \nSmartCash Payment Service Bank \n123 \nAirtel Telesonic Uganda Limited \nLimited \n90 \nAirtel (M) Telesonic Holdings (UK) \n124 \nAirtel Zambia Telesonic Limited \nLimited \n91 \nAirtel Africa Telesonic Holdings \n125 \nAirtel (Seychelles) Telesonic Limited \nLimited \n92 \nAirtel Africa Telesonic Limited \n126 \nNxtra Africa Data Holdinqs Limited \n93 \nAirtel Money Trust Fund \n127 \nNxtra Congo Data Holdings (UK} \nLimited \n94 \nAirtel Mobile Commerce Madagascar \n128 \nNxtra DRC Data Holdings (UK) Limited \nB.V. \n95 \nAirtel Mobile Commerce Malawi B.V. \n129 \nNxtra Gabon Data Holdings (UK) \nLimited \n96 \nAirtel Mobile Commerce Rwanda B.V. \n130 \nNxtra Kenya Data Holdings (UK) \nLimited \n97 \nAirtel Mobile Commerce Tchad B.V. \n131 \nAirtel Mobile Commerce Tanzania B.V. \n98 \nAirtel Mobile Commerce Uganda B.V. \n132 \nNxtra Nigeria Data Holdings (UK) \nLimited \n99 \nAirtel Mobile Commerce Zambia B.V. \n133 \nAirtel Conqo RDC Telesonic S.A.U. \n100 \nAirtel International LLP \n134 \nNxtra Africa Data (Nigeria) Limited \n101 \nAirtel Mobile Commerce DRC B.V. \n135 \nAirtel Gabon Telesonic S.A. \n--\n-\n102 \nAirtel Mobile Commerce Gabon B.V. \n136 \nNxtra Africa Data (Kenya) Limited \n-\n-\n103 \nAirtel Mobile Commerce Niger B.V. \n137 \nNxtra Africa Data (Nigeria) FZE", "subsection": "105 \nNetwork i2i (UK) Limited \n139 \nBeetel T , \n.L Singapore Private \nLimi~,;,\\dns~", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aa163f2d777ca133"}, {"chunk_id": "89a86ea00f485ab5", "content": "100 Airtel International LLP 134 Nxtra Africa Data (Nigeria) Limited 101 Airtel Mobile Commerce DRC B.V. 135 Airtel Gabon Telesonic S.A. -- - 102 Airtel Mobile Commerce Gabon B.V. 136 Nxtra Africa Data (Kenya) Limited - - 103 Airtel Mobile Commerce Niger B.V. 137 Nxtra Africa Data (Nigeria) FZE 104 Airtel Money Kenya Limited 138 Beetel Teletech Limited 105 Network i2i (UK) Limited 139 Beetel T , .L Singapore Private Limi~,;,\\dns~", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "Limited \n83 \nMobile Commerce Congo S.A. \n117 \nAirtel Zambia Telesonic Holdings (UK) \nLimited \n84 \nMontana International& \n118 \nAirtel Tchad Telesonic Holdings (UK) \nLimited \n85 \nPartnership Investments Sarlu \n119 \nAirtel (M) Telesonic Limited \n86 \nThe Registered Trustees of Airtel \n120 \nAirtel Kenya Telesonic Limited \nMonev Trust Fund \n87 \nAirtel Africa Services (UK) Limited \n121 \nAirtel Niqeria Telesonic Limited \n88 \nAirtel Mobile Commerce Services \n122 \nAirtel Rwanda Telesonic Limited \nLimited \n89 \nSmartCash Payment Service Bank \n123 \nAirtel Telesonic Uganda Limited \nLimited \n90 \nAirtel (M) Telesonic Holdings (UK) \n124 \nAirtel Zambia Telesonic Limited \nLimited \n91 \nAirtel Africa Telesonic Holdings \n125 \nAirtel (Seychelles) Telesonic Limited \nLimited \n92 \nAirtel Africa Telesonic Limited \n126 \nNxtra Africa Data Holdinqs Limited \n93 \nAirtel Money Trust Fund \n127 \nNxtra Congo Data Holdings (UK} \nLimited \n94 \nAirtel Mobile Commerce Madagascar \n128 \nNxtra DRC Data Holdings (UK) Limited \nB.V. \n95 \nAirtel Mobile Commerce Malawi B.V. \n129 \nNxtra Gabon Data Holdings (UK) \nLimited \n96 \nAirtel Mobile Commerce Rwanda B.V. \n130 \nNxtra Kenya Data Holdings (UK) \nLimited \n97 \nAirtel Mobile Commerce Tchad B.V. \n131 \nAirtel Mobile Commerce Tanzania B.V. \n98 \nAirtel Mobile Commerce Uganda B.V. \n132 \nNxtra Nigeria Data Holdings (UK) \nLimited \n99 \nAirtel Mobile Commerce Zambia B.V. \n133 \nAirtel Conqo RDC Telesonic S.A.U. \n100 \nAirtel International LLP \n134 \nNxtra Africa Data (Nigeria) Limited \n101 \nAirtel Mobile Commerce DRC B.V. \n135 \nAirtel Gabon Telesonic S.A. \n--\n-\n102 \nAirtel Mobile Commerce Gabon B.V. \n136 \nNxtra Africa Data (Kenya) Limited \n-\n-\n103 \nAirtel Mobile Commerce Niger B.V. \n137 \nNxtra Africa Data (Nigeria) FZE", "subsection": "105 \nNetwork i2i (UK) Limited \n139 \nBeetel T , \n.L Singapore Private \nLimi~,;,\\dns~", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aa163f2d777ca133"}, {"chunk_id": "c6364d0ea3d3e1bc", "content": "'I~ 'cJ'I\\ Cl> IP I ;:: Chartered 1 = I ·o A~ unt.ntl (I) Page 6 of 7 ~~ ► ~A. ~ * ll-.5 - .,,,,,.,. 140 The Airtel Africa Employee Benefit Trust 141 Nxtra Africa Data (Kenya) SEZ Limited\" 142 Indus Towers Limited@ 143 The Airtel Africa Foundation\" 144 SmarTx Services Limited@ 145 Indus Towers Employees Welfare Trust@ Joint Ventures & Associates {Including their subsidiaries) 146 Indus Towers Limited@ • 157 Rabi Axiata PLC (Formerly known as Rabi Axiata Limited) 158 Lavelle Networks Private Limited 159 MAWEZI RDC S.A. 160 HCIL Netcom India Private Limited { formerly known as Hughes Global Education India Private Limited ) 161 HCIL COMTEL PRIVATE LIMITED 162 Dixon Electro Applicances Private Limited 163 Rventures PLC 147 Airtel Payments Bank Limited 148 Bridqe Mobile Pte Limited 149 RedDot Digital Limited 150 Bharti Airtel Ghana Holdinqs B.V. 151 Millicom Ghana Company Limited$ 152 Hughes Communications India Private Limited 153 Seychelles Cable Systems Company Limited 154 SmarTx Services Limited@ 155 Firef ly Networks Limitedu 164 SmartPay Limited 165 AxEnTec PLC 166 Oneweb India Communications Private 156 Indus Towers Employees Welfare Trust@ $ Under liquidation * Under dissolution u Liquidated during the year ended March 31, 2025 & In process of removal from register of companies. % Ceased to be subsidiary during the year ended March 31, 2025 \" Incorporated during the year ended March 31, 2025 # Amalgamated with Network i2i Limited during the year ended March 31, 2025", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 21, "section": "'I~ \n'cJ'I\\ \nCl> \nIP \nI ;:: \nChartered 1 = I \n·o A~\nunt.ntl \n(I) \nPage 6 of 7 \n~~ \n► \n~A. \n~ * \nll-.5 \n-\n.,,,,,.,.", "subsection": "a, \nv~ \n\\I\\ \nPage 1 of 3 \n!: Chatt.r.cl !_", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5b18d64eaa744a87"}, {"chunk_id": "b873ef7d3b45560c", "content": "% Ceased to be subsidiary during the year ended March 31, 2025 \" Incorporated during the year ended March 31, 2025 # Amalgamated with Network i2i Limited during the year ended March 31, 2025 ~ Ceased to be subsidiary and became associate w.e.f. September 21, 2024 @ Ceased to be joint venture and became subsidiary w.e.f. November 19, 2024 ## Sold during the year ended March 31, 2025 Chartered Accountants 7th Floor Building 10 Tower B DLF Cyber City Complex DLF City Phase II Gurugram-122 002 Haryana, India Tel: +91 124 679 2000 Fax: +91 124 679 2012 INDEPENDENT AUDITOR'S REPORT ON AUDIT OF QUARTERLY AND ANNUAL STANDALONE FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF BHARTI AIRTEL LIMITED We have audited the accompanying Statement of Audited Standalone Financial Results for the quarter and year ended March 31, 2025 of BHARTI AIRTEL LIMITED (\"the Company\"), (\"the Standalone Financial Results\"), being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (\"the LODR Regulations\"). In our opinion and to the best of our information and according to the explanations given to us, the Standalone Financial Results: (i) are presented in accordance with the requirements of the LODR Regulations; and (ii) give a true and fair view in conformity with the recognition and measurement principles laid", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 21, "section": "'I~ \n'cJ'I\\ \nCl> \nIP \nI ;:: \nChartered 1 = I \n·o A~\nunt.ntl \n(I) \nPage 6 of 7 \n~~ \n► \n~A. \n~ * \nll-.5 \n-\n.,,,,,.,.", "subsection": "a, \nv~ \n\\I\\ \nPage 1 of 3 \n!: Chatt.r.cl !_", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5b18d64eaa744a87"}, {"chunk_id": "8ff18058185d7416", "content": "(i) are presented in accordance with the requirements of the LODR Regulations; and (ii) give a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards as notified by the Ministry of Corporate Affairs ('MCA') under Section 133 of the Companies Act, 2013 (\"Act\"), read together with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 (as amended from time to time) (\"Ind AS \") and other accounting principles generally accepted in India of the net profit and other comprehensive income and other financial information of the Company for the quarter and year ended March 31, 2025. We conducted our audit in accordance with the Standards on Auditing {\"SAs\") specified under Section 143(10) of the Act. Our responsibilities under those Standards are further described in Auditor's Responsibilities for Audit of the Standalone Financial Results section of our report below. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (\"ICAI\") together with the ethical requirements that are relevant to our audit of the Standalone Financial Results under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI's Code of Ethics.", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 21, "section": "'I~ \n'cJ'I\\ \nCl> \nIP \nI ;:: \nChartered 1 = I \n·o A~\nunt.ntl \n(I) \nPage 6 of 7 \n~~ \n► \n~A. \n~ * \nll-.5 \n-\n.,,,,,.,.", "subsection": "a, \nv~ \n\\I\\ \nPage 1 of 3 \n!: Chatt.r.cl !_", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5b18d64eaa744a87"}, {"chunk_id": "bed59fc84f3d7877", "content": "fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI's Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion. Management's and Those Charged with Governance's Responsibilities for the Standalone Financial Results This Standalone Financial Results are the responsibility of the Company's management and have been approved by the Board of Directors for issuance. The Standalone Financial Results have been compiled from the related Audited Standalone Financial Statements for the year ended March 31, 2025, the Audited Interim Condensed Standalone Financial Statements for the quarter and nine months ended December 31, 2024 and the Audited Standalone Financial Results for the quarter and year ended March 31, 2024. This responsibility includes the preparation and presentation of the Standalone Financial Results that give a true and fair view of the net profit/(loss) and other com ensive income/(loss) a, v~ \\I\\ Page 1 of 3 !: Chatt.r.cl !_ Regd. Office: One International Center, Tower 3, 31st floor, Senapati Bapat Marg, Elphinstone Road (We Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identification No: AAB-8737 and other financial information in accordance with the recognition and measurement principles laid down", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 21, "section": "'I~ \n'cJ'I\\ \nCl> \nIP \nI ;:: \nChartered 1 = I \n·o A~\nunt.ntl \n(I) \nPage 6 of 7 \n~~ \n► \n~A. \n~ * \nll-.5 \n-\n.,,,,,.,.", "subsection": "a, \nv~ \n\\I\\ \nPage 1 of 3 \n!: Chatt.r.cl !_", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5b18d64eaa744a87"}, {"chunk_id": "b6b2919915776613", "content": "and other financial information in accordance with the recognition and measurement principles laid down in Ind AS and other accounting principles generally accepted in India and in compliance with the LODR Regulations. The responsibili.l:y o.f Board of Directors includes maintenance of adequate accounting records in accordance with the. provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and .other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Standalone Financial Results that give a true and fair view and are free from material misstatement, whether due to fraud or error. In preparing the Standalone Financial Results, the management and the Board of Directors are responsible for assessing the Company's ability, to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 21, "section": "'I~ \n'cJ'I\\ \nCl> \nIP \nI ;:: \nChartered 1 = I \n·o A~\nunt.ntl \n(I) \nPage 6 of 7 \n~~ \n► \n~A. \n~ * \nll-.5 \n-\n.,,,,,.,.", "subsection": "a, \nv~ \n\\I\\ \nPage 1 of 3 \n!: Chatt.r.cl !_", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5b18d64eaa744a87"}, {"chunk_id": "796ab243b61681a3", "content": "Our objectives are to obtain reasonable assurance about whether the Standalone Financial Results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this Standalone Financial Results. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the Standalone Financial Results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. • Obtain an understanding of internal financial controls relevant to the audit in order to design audit", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 22, "section": "'I~ \n'cJ'I\\ \nCl> \nIP \nI ;:: \nChartered 1 = I \n·o A~\nunt.ntl \n(I) \nPage 6 of 7 \n~~ \n► \n~A. \n~ * \nll-.5 \n-\n.,,,,,.,.", "subsection": "a, \nv~ \n\\I\\ \nPage 1 of 3 \n!: Chatt.r.cl !_", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0da7899d41357cdf"}, {"chunk_id": "7142ef82db9e6dda", "content": "of internal control. • Obtain an understanding of internal financial controls relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal financial controls. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the management and approved by the Board of Directors. • Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the requirements specified under the LODR Regulations. • Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Company to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention ·, in uur auditor's report to the related disclosures in the Standalone Financial Results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern. •", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 22, "section": "'I~ \n'cJ'I\\ \nCl> \nIP \nI ;:: \nChartered 1 = I \n·o A~\nunt.ntl \n(I) \nPage 6 of 7 \n~~ \n► \n~A. \n~ * \nll-.5 \n-\n.,,,,,.,.", "subsection": "a, \nv~ \n\\I\\ \nPage 1 of 3 \n!: Chatt.r.cl !_", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0da7899d41357cdf"}, {"chunk_id": "08b20546a98c3bb5", "content": "Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern. • Evaluate the overall presentation, structure and content of the Standalone Financial Results, including the disclosures, and whether the Standalone Financial Results represent the underlying transactions and events in a manner that achieves fair presentation. Materiality is the magnitude of misstatements in the Standalone Financial Results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Standalone Financial Results may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Standalone Financial Results. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings including any significant deficiencies in internal financial controls that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 22, "section": "'I~ \n'cJ'I\\ \nCl> \nIP \nI ;:: \nChartered 1 = I \n·o A~\nunt.ntl \n(I) \nPage 6 of 7 \n~~ \n► \n~A. \n~ * \nll-.5 \n-\n.,,,,,.,.", "subsection": "a, \nv~ \n\\I\\ \nPage 1 of 3 \n!: Chatt.r.cl !_", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0da7899d41357cdf"}, {"chunk_id": "9b8b8badab4d563c", "content": "We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. The Standalone Financial Results include the results for the quarter ended March 31, 2025, being the balancing figure between audited figures in respect of the financial year ended March 31, 2025 and the audited year to date figures up to the nine months ended December 31, 2024. Our report on the Standalone Financial Results is not modified in respect of the above matter. For DELOITTE HASKINS & SELLS LLP Chartered Accountants {Firm's Registration No.117366W/W-100018)", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 22, "section": "'I~ \n'cJ'I\\ \nCl> \nIP \nI ;:: \nChartered 1 = I \n·o A~\nunt.ntl \n(I) \nPage 6 of 7 \n~~ \n► \n~A. \n~ * \nll-.5 \n-\n.,,,,,.,.", "subsection": "a, \nv~ \n\\I\\ \nPage 1 of 3 \n!: Chatt.r.cl !_", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0da7899d41357cdf"}, {"chunk_id": "ece99458de747689", "content": "Vijay Agarwal * o Partner ~ (Membership No. 094468) UDIN:2.'50344 (:.%B fY1\"1TYO507 B Place: New Delhi Date: May 13, 2025 Declaration in respect of Audit Reports with unmodified opinion on Audited Financial Results (Standalone and Consolidated} of the Company for the fourth quarter and year ended March 31, 2025 I, Soumen Ray, Chief Financial Officer (India & South Asia), of Bharti Airtel Limited, having its registered office at Airtel Center, Plot No. 16, Udyog Vihar, Phase-IV, Gurugram - 122015, India, hereby declare that Deloitte Haskins & Sells LLP (Firm registration no. 117366WNV-100018), Statutory Auditors of the Company, have issued Audit Reports with Unmodified opinion on Audited Financial Results (Standalone and Consolidated) of the Company for the fourth quarter and year ended March 31, 2025. This declaration is given pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended read with applicable SEBI circular(s). Kindly take this declaration on record. Thanking you, Sincerely yours For Bharti Airtel,J.t-mited", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 23, "section": "Vijay Agarwal \n* o \nPartner \n~ (Membership No. 094468) \nUDIN:2.'50344 (:.%B fY1\"1TYO507 B", "subsection": "For Bharti Airtel,J.t-mited", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "96edb38a69315c0e"}, {"chunk_id": "a71d893bf22900d9", "content": "Soumen Ray Chief Financial Officer {India & South Asia) Date: May 13, 2025 Place: New Delhi Bharti Airtel Limited (a Bharti Enterprise) Regd. Office: Airtel Center, Plot No. 16, Udyog Vihar, Phase-IV, Gurugram -122015, India Corporate Office: Bharti Crescent, 1, Nelson Mandela Road. Vasant Kunj, Phase II, New Delhi• 110070, India T.: +91-124-4222222, F.: +91-124-4248063, Email: comoliance.officer@bharti.in, Website: www.airtel.in", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 23, "section": "~ \nrf' )~", "subsection": "Date: May 13, 2025 \nPlace: New Delhi", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "09303acbb3145c0f"}, {"chunk_id": "f1ab98ee4955c5e2", "content": "[TABLE] Company: AIRTEL | Year: FY2025 | Section: F�r:-&(:) \nRohit Krishan Puri \n* * \nJoint Company Secretary & Comp1iarrce Officer | Page: 1\n\n| NatioSntaoElcx kc haonfIg ned Liia | m ited |  |  |  |\n|---|---|---|---|---|\n| Exchange Plaza, C | -1 Blo | ck G |  |  |\n| SandKruarC loam plBeaxna,d( rE) |  |  |  |  |\n| Mumb-a4i0 00I5n1d,i a |  |  |  |  |\n| SymbBoHlA:R TIAARITRLT/E LP | P |  |  |  |\n| BSE Limited |  |  |  |  |\n| PhirJoezeej eeTbohwoeyr s |  |  |  |  |\n| DalSatlr eMeutm,b- a4i0 00I0n1d,i | a |  |  |  |\n| ScrCiopd 5e3:2 485940/1 57 |  |  |  |  |\n| Sub:F inancial trhefeso u | ulrtqthus a rtf(eo | Qrr4 } aned | n dyeeMdaa rr c3h1 | 2,0 2a5n |\n| recommenodfaD tiivoind | end |  |  |  |\n| DeaSri r/ Madam, |  |  |  |  |\n| Inc ompliwaintRchee g ula3t0ia | onnd3s 3 o ft h | eS EB(IL is | Otbilnigg aatnid | Do inssc l |\n| RequireRmeegnutlsa2)t0 i1(o5'n Ss | LE,iB sIRt eign | ugl awteiao rene | sn 'c)l,oh seirnegtw | hifeto hl l |\n| w.rt.hmtee. e toifBn oga orfDd i rec( | t'oBrobsae ridh | n'eg)lo dnT ues | day, 2M0a2y5 | :13, |\n| A.FinanRceisaulfl otstr h feo urtqhu | art(eQr4 ) | anedn dyeMe | daa rrc h2 03215,: |  |\n| ►Audictoends olidatree | ds uafilspnt easIrnd n | c iAaSl |  |  |\n| ►Audistteadn dfianlaonnrceei s | aualls pt eIsrn Ad | S |  |  |\n| ►Auditroerp'oosrtnt s h aef ore | sairde sfi | unlatnscia | l |  |\n| ►DeclaroanAt uidointr oerp'ow | srti sut nhm od | oipfiiendpi uorns | tuota hnRete gul3 | a3t(i3oo) |\n| SEBLIi sgtR iengularteiawodi | n atsph p liSc | EaBbcIli er cul | ar(s). |  |\n| Thea bovfei narnecsiuahllaet v bsee n | r veiewbe y | tdh Aeu d iCtom | mittieneit sm ee | thienlgo |\n| Tusedya,M ay1 32,02 5a n bdasoendi | trse mcmoen | da atpiporno,b | v yteh dBeo ardo fD i | recitnits |\n| meetbienighn eglo dnT uedsa yM,ay13 | ,2025. |  |  |  |\n| B.R ecommendaotffi iondnavi li de | fnotdrh fei n | anyceia2ar0l 2 | 4-25: |  |\n| The Board has considered and recom | mended a fi | nal dividend o | f Rs.16/- per fully | paid-up |\n| equity share of face value Rs. 5/- eac | h; and Rs. 4/ | - per partly p | aid-up equity shar | e of face |\n| value Rs. 5/- each (paid-up value Rs. | 1.25/- per sh | are) for the fi | nancial year 2024 | -25. The |\n| dividend is in proportion to the amount pa | id-up on each | equity share of | face value Rs. 5/- e | ach. |\n| The above final dividend, if approved | by the shar | eholders at th | e ensuing Annual | General |\n| Meeting ('AGM'), shall be credited within | 30 days from t | he date of AGM | . |  |\n| The Board meeting commenced at 1ST 1 | 400 Hrs. and | is still in progres | s. |  |\n| Kindly take the same on record. |  |  |  |  |\n| Thanking you, |  |  |  |  |\n| Sincerely yours, |  |  |  |  |\n| F�r:- &(:) |  |  |  |  |\n| * Rohit Krishan Puri | * |  |  |  |\n| JoiCnotm paSneyc re&tC aorym p1 | iarrce | Officer |  |  |\n|  | Bhart | i Airtel | Limited |  |\n|  | (a B | harti Ent | erprise) |  |\n| RegOdffi.c e:C | eAnPitlrtNeoeortl., | 16, Udyog | Vihar, P | hase- |\n| CorpOoffircBaeht:aCe rtr | ie sNceelnMstao,n | n d 1e,la RoaPdh | ,aIN sIeVe,Dwa e slahnit -K | 1u1n0j0, |\n| T .: +91-12 | 4-4222 | 2com2p2nl,c.oi effiaFr@ce b. | h:ina ,.Wrt+9 ie1b-swww1i2.at4ie-4rt:2e | 4l8.0i6n3 |\n|  | GIN: L | 74899HR1 | 995PLC095 | 967 |", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 1, "section": "F�r:-&(:) \nRohit Krishan Puri \n* * \nJoint Company Secretary & Comp1iarrce Officer", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "cd39a300340a43f2", "content": "[TABLE] Company: AIRTEL | Year: FY2025 | Section: 'E ~m\ne~~ \nJI annualised for the quarters. \nI ,u \n;;: I \nI J:. \n(l) \nd> airte \nQ \n* V \n- | Page: 2\n\n| Particutars | quarter ended |  |  | Year Ended | Previous Year Ended |\n|---|---|---|---|---|---|\n|  | Mardi December 31 2025 31.2024 |  | Mardi 31. 2024 | Mardi 31 2025 | March 31. 2024 |\n|  | Audited | Audited | Audited | ADdited | Audited |\n| Income Revenue from opernt!ons other Income Expenses Network operating expenses Access charges License fee / Spectrum cflarges Employee benefits E!llpellSe Salesandmarlcetingexpenses Other expenses Profit befol'II!! depredation, a11111rti!;ation, &lance costs, shal'II!! of prvfit of associates and jomt venblres, eia;eptional items and tax Depreciation and amortisation expenses Finance costs Share of profit of ilSSOdates and joint ventures {net) Profit befol'II!! exceptional Items and tax Exceptional items (net) Profit befol'II!! tax Tax expense/ (credit) Current tllx Deferred tax Profit for the quarter /ye.ar other comprehemive lnaime (OCI) llems to be reclllSSified to profit or loss : -Net profit/ (loss} due to foreign currency translation differences • Net loss on net ill\\ll!Slment hedge • Tax credit on aboYe Items not to be reclasslfled to profit or loss : • Re-measurement gain/ (loss) on defined benefit plans • Tax (charge)/ credit on above • Share of other comprehensive income/ (loss) of associates and joint ventures (net) • Gain on investment at fair Vlllue through oa Other comprehensive income / (loss} fur the quarter / year Total comprehensive income/ (loss) for the quarter/ year Profit/ (loss) for the quarter/ year attributable to : Owners of the Parent Non-controlling interests other comprehensive income/ (loss} for the quarter/ year attributable to: owners of the Parent Non-controlling interests Tota! comprehensive ilcome / (loss) for the quarter/ year attributable to : Owners of the Parent Non-controlling interests Eamlngs per shareA (Face value : Rs. S each) Basic Diluted Paid-up equity share capital (Face value : Rs. 5 each) Other ~ .:;:, ,~ | 478,762 4858 | 451,293 4697 | 375,991 3,169 | 1,729,852 IS 737 | 1,499,824 14,354 |\n|  | 483,620 91,055 14,782 36,370 18,313 29,359 18,795 | 455,990 86,267 19,636 35,698 16,082 29,261 18,383 | 379,160 75,986 18,501 31,107 13,639 27,070 16,040 | 1,745,589 335,043 71,713 138,290 63,089 114,601 75,524 | l,514,178 300,188 75,185 120,358 53,231 107,882 60,062 |\n|  | 208,674 274,946 123,260 55,023 (ffi' | 205,327 250,663 117,042 56,755 (16,597 | 182,343 196,817 100,752 52,033 (8,303 | 798,260 947,329 455,703 217,539 (37,030' | 716.906 797,272 395,376 226,4n (27,094 |\n|  | 97,240 1,401 | 93,463 (75,4561 | 52,335 24,555 | 311.117 m.868' | 202,513 75.723 |\n|  | 95,,839 13,111 (42.3301 | 168,919 11,336 (3 7631 | 7,094 4 | 383,985 41,121 (31 949 | 126,.790 41,498 (288 |\n|  | (28,919) | 7,573 | 7,098 | 9,172 | 41,210 |\n|  | 124 758 | 161,346 | 20,682 | 374,813 | 85.580 |\n|  | 8,899 (285) 75 49 (3) 3 682 | 17,527 (1,256) 289 126 (43) (65) 774 | {13,825) (1,322) 421 (8) (2) 60 | 26,626 (2.,946) 832 (167) 36 (25) 1,338 | (93,619) {9,235) 2,937 (157) 21 75 |\n|  | 9 420 | 17.352 | (14 6761 | 25 694 | (99,978 |\n|  | 134 178 | 178,698 | 6006 | 400-5117 | (14,398 |\n|  | 124,758 110,218 14,540 9,420 4,320 S,100 134,178 114,538 19,640 19.02 18.38 29,001 1,107,718 | 161,346 147,812 13,534 17,352 5,815 11,537 178,698 153,627 25,071 25.54 24.65 28,970 1,006,10S | 20,682 20,716 {34) {14,676) (8,335) (6,341) 6,006 12,381 (6,375) 3.61 3.51 28,766 791,422 | 374,813 335,561 39,252 25,694 8,913 16,781 400,507 344,474 56,033 58.00 56.04 29,001 l,10~ | 85,580 74,670 10,910 (99,978) (56,342) (43,636) (H,398) 18,328 (32,726) 13.09 12.80 JA,766 c.kiri9~ |", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 2, "section": "'E ~m\ne~~ \nJI annualised for the quarters. \nI ,u \n;;: I \nI J:. \n(l) \nd> airte \nQ \n* V \n-", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ae37454898ac55fd", "content": "[TABLE] Company: AIRTEL | Year: FY2025 | Section: 'E ~m\ne~~ \nJI annualised for the quarters. \nI ,u \n;;: I \nI J:. \n(l) \nd> airte \nQ \n* V \n- | Page: 3\n\n| Particulars |  |\n|---|---|\n|  | March 31, 2025 |\n|  | Audited |", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "'E ~m\ne~~ \nJI annualised for the quarters. \nI ,u \n;;: I \nI J:. \n(l) \nd> airte \nQ \n* V \n-", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "5c88b26c0fd50a6a", "content": "[TABLE] Company: AIRTEL | Year: FY2025 | Section: 'E ~m\ne~~ \nJI annualised for the quarters. \nI ,u \n;;: I \nI J:. \n(l) \nd> airte \nQ \n* V \n- | Page: 3\n\n| 29,001 28,766 1,107,718 791,422 |\n|---|\n| 1,136,719 820,188 397,958 235,451 |\n| 1534 677 1055 639 |\n| 1,048,638 1,309,626 556,701 539,271 2,890 38,642 85,036 35,185 34,139 30,396 5,443 93,549 25,118 1 414 1470 1,804,525 2,002,993 434,485 209,539 96,597 97,487 1,921 12,207 381,537 351,325 333,024 253,456 97,729 87,262 Jfil,552 283,282 20,035 33,031 77,522 59,089 1,804,402 1,386,678 3 608 927 3 389 671 5143 604 4 445 10 |", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "'E ~m\ne~~ \nJI annualised for the quarters. \nI ,u \n;;: I \nI J:. \n(l) \nd> airte \nQ \n* V \n-", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "869cf7a0a460a84f", "content": "[TABLE] Company: AIRTEL | Year: FY2025 | Section: 'E ~m\ne~~ \nJI annualised for the quarters. \nI ,u \n;;: I \nI J:. \n(l) \nd> airte \nQ \n* V \n- > -\n282,039 \n981,809 \n108,653 \n55,198 \n34,943 \n5,294,785 | Page: 4\n\n| Particulilrs | Quarter ended / As of |  |  | Year Ended/ Asof | Previous year ended/ Asof |\n|---|---|---|---|---|---|\n|  | March 31, 2025 | December 31, 2024 | March 31, 2024 | Ilardi 31, 2025 | Mardi 31, 2024 |\n|  | Audited | Audited | Audited | A.udited | Audited |\n| 1. Segment Revenue - Mobile Services India • Mobile Services Africa'\" - Mobile Services South Asi.af - Airtel Business • Passive Infrastructure 5ervices5 • Homes Services • Dlqitlll TV Services • others Total segment revenue Less: Inter......,,ment eliminations | 266,168 113,763 . 53,155 77,630 15,961 7,644 891 535,212 56 450 | 262,687 107,032 . 56,460 35,290 15,092 7,607 873 485,041 33 748 | 220,657 92,933 961 54,616 . 13,155 7,693 778 390,793 14 802 | 1,002,500 418,795 941 220,935 112,920 59,044 30,608 3,478 1,849,221 119369 | 850,488 411,841 3,773 208,209 . 49,701 30,448 1,875 1,556,335 56,511 |\n| Total revenue | 478,762 | 451,293 | 375,991 | 1,729,852 | 1,499,824 |\n| 2_ Segment Results A Profit / {loss) before finance costs {net), charity and donation, exceptional items ( net) and tl!x • Mobile SelVices India • Mobile Services Africa\" - Mobile Sefvices South Asia' • Airtel Business • Passive Infrastructure ServicW • Homes Services • Oigit211 TV Services • Others Total -Unallocated -Inter-segment eliminations Total segment results Less: (i) Finance costs (net}\" (Ii) Charity and donation Iii) Exceptional items { net) | 78,715 33,896 . 16,654 27,946 3,219 (2) 534 160,962 (679) {8,920} 151,363 52,839 1,284 1,401 | 74,980 31,760 . 13,828 27,843 3,293 313 694 152,711 (456) (3,903) 148,352 54,396 493 (75 456\\ | 48,286 28,829 (622) 15,204 8,194 3,245 635 377 104,148 (536) (155) 103,457 50,199 923 24 555 | 264,000 124,733 (503} 59,611 74,672 13,378 1,156 2,039 539,086 (2,128) (13,139) 523,819 210,187 2,515 rn,86s1 | 188,1!}5 135,823 (2,258) 60,415 26,304 11,972 2,939 996 424,386 (1,780) (429) 422,1n 217,339 2,32S 1s,n3 |\n| Profit before tax | 95,839 | 168,919 | 27,780 | 383,985 | 126,790 |\n| 3. segment Assets A • Mobile Services India • Mobile Services Africa* • Mobile Services South AsiafP • Airtel Business - Passive Infrastructure Services5 • Homes Services • Digital TV Services • others Total segment assets • Unallocated • Jnter-seament eliminations | 2,856,265 975,878 . 282,039 981,809 108,653 55,198 34,943 5,294,785 285,674 /436,855 | 2,823,706 921,821 . 289,112 973,055 96,132 53,288 46,259 5,203,373 241,941 (436,678' | 2,796,078 768,74!) 8,256 263,824 276,010 75,901 48,413 43,566 4,280,797 226,057 161 544' | 2,856,265 975,878 - 282,039 981,809 108,653 55,198 34,943 5,294,785 285,674 (436,855' | 2,796,078 768,749 8,256 263,824 276,010 75,901 48,413 43,566 4,280,797 226,057 (61 544 |\n| Total assets | 5.143,604 | 5.008.636 | 4.445,310 | 5,143,604 | 4,445,310 |\n| 4. Segment liabilties • Mobile Services India - Mobile Services Africa* - Mobile Services South Asia\" - Airtel Business - Passive 111frastructure Service~ • Homes Services - Digital TV Services • Others Total segment lalll11ties - Unallocated\"' • Inter-seoment eliminations | 1,359,574 569,004 . 142,900 278,690 76,103 66,522 4,740 2,497,533 1,611,875 (500 481 | 1,353,344 529,553 . 141,747 263,676 72,897 66,122 3,440 2,430,779 1,543,363 (479 829 | 1,174,043 398,117 5,855 132,076 . 54,070 61,521 1,835 1,827,517 1,641,379 179 225 | 1,359,574 569,004 - 142,900 278,690 76,103 66,522 4,740 2,497,533 1,611,875 (500 481 | 1,174,043 398,117 5,855 132,076 . 54,070 61,521 1,835 1,827,517 1,641,379 179 225 |\n| Total liabilities | 3.608,927 | 3,494,313 | 3,389,671 | 3,608,927 | 3,389,671 |", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "'E ~m\ne~~ \nJI annualised for the quarters. \nI ,u \n;;: I \nI J:. \n(l) \nd> airte \nQ \n* V \n-", "subsection": "-\n282,039 \n981,809 \n108,653 \n55,198 \n34,943 \n5,294,785", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "4f9d34028163ce04", "content": "[TABLE] Company: AIRTEL | Year: FY2025 | Section: •cash flo~\no \" _ • :-; \n; ' \ncquisition to Department of Telecommunications includes upfront/ deferred I prepaid payments. \n•tncludel (/,t['!:J~ \n~ r' \nof deferred liabilrties pertaining to spectrum acquired in auction of year 2012, 2015, 2016, 2021, 2022 and 2024. | Page: 5\n\n| Ye.or ended |\n|---|\n| Man:h 31, 2025 Man:h 31, 2024 |\n| Audlt:ed Audited |\n| 383,985 126,790 455,703 395,376 216,258 219,337 (2,CKB) (2,645) (5,306} (6,493) 420 6,319 (37,030) (27,09'1) (72,868) 75,723 1,669 1,194 (1,031) 44 3,741 4,278 396 823 943,889 793,652 29,658 (14,941) 8,586 6,398 (1,416) (771) 22,699 17,332 48,154 41,516 (23,868) (25,398) 1,027,702 817,788 (44,380) (28,806) 983,3:U 788,982 (379,on) (381,915) 3,382 1,228 (17,722) (18,600) (213,487) (121,547) 7,100 19,015 - {6,428) (734) (304) 300 69 - (69) 1,023 - (8,788) (300) 45 - 1,090 1,072 4,239 5,671 (602,698) (502,039) 235,597 67,123 (178,594) (100,803} {71,538) (78,552) 36,927 15,516 (3,675) {1,368) (175,476) (140,263} 14 6 (69,3◄9) (41,845) (86,292) - - (1,693) (37,3'18} (870) (16,427) 573 829 4,391 |\n| (365,332) (277,785 15,292 9,158 718 (8,851 90,521 90,214 1D6,531 90,\"\"'' |", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "•cash flo~\no \" _ • :-; \n; ' \ncquisition to Department of Telecommunications includes upfront/ deferred I prepaid payments. \n•tncludel (/,t['!:J~ \n~ r' \nof deferred liabilrties pertaining to spectrum acquired in auction of year 2012, 2015, 2016, 2021, 2022 and 2024.", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "951c94afaa5f7562", "content": "[TABLE] Company: AIRTEL | Year: FY2025 | Section: •cash flo~\no \" _ • :-; \n; ' \ncquisition to Department of Telecommunications includes upfront/ deferred I prepaid payments. \n•tncludel (/,t['!:J~ \n~ r' \nof deferred liabilrties pertaining to spectrum acquired in auction of year 2012, 2015, 2016, 2021, 2022 and 2024. > Cash alld cash equivalents as per Aucftted Consoldated Batlnce Sheet \n61,056 \n69,155 \nAdd : Balance held under mobile money trust\"' \nB1,480 \n61,484 \nAdd : Restricted balimce in escrow accnunt \n2,032 \n. | Page: 6\n\n| Particulars | Asof |  |\n|---|---|---|\n|  | March 31, 2025 | March 31, 2024 |\n|  | Aullted | Audited |\n| Cash alld cash equivalents as per Aucftted Consoldated Batlnce Sheet Add : Balance held under mobile money trust\"' Add : Restricted balimce in escrow accnunt Less : Blink overdraft cash aRd cash equivalents as per Audited Consoldated statement of Cash Flows | 61,056 B1,480 2,032 (38,037) 1116,531 | 69,155 61,484 . (40,118) 90,521 |", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "•cash flo~\no \" _ • :-; \n; ' \ncquisition to Department of Telecommunications includes upfront/ deferred I prepaid payments. \n•tncludel (/,t['!:J~ \n~ r' \nof deferred liabilrties pertaining to spectrum acquired in auction of year 2012, 2015, 2016, 2021, 2022 and 2024.", "subsection": "Cash alld cash equivalents as per Aucftted Consoldated Batlnce Sheet \n61,056 \n69,155 \nAdd : Balance held under mobile money trust\"' \nB1,480 \n61,484 \nAdd : Restricted balimce in escrow accnunt \n2,032 \n.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "fcbe26a62abf748e", "content": "[TABLE] Company: AIRTEL | Year: FY2025 | Section: Gopal \nVittal | Page: 7\n\n| considerati equity and 11. During the | on over the this has res quarter en | change in ulted in an ded March | non-controlling intere increase in the Grou 31, 2025, Network i | sts, amou p's effecti 2i Limited | nting to ve share , a wholl | Rs. 16,731 milli holding in Airtel y owned subsi | on has been recognised Africa from 57.36% to 6 diary of the Group, has | directly in 2.35%. voluntarily |\n|---|---|---|---|---|---|---|---|---|\n| redeemed consolidate 12. The Board each and R | perpetual d financial of Director s. 4 per par | bonds amo statement, s has reco tly paid-up | unting to USD 1,00 along with accrued in mmended a final divid equity share of face v | 0 million terest the end of R alue of Rs | which w reon. s. 16 pe . 5 each | ere classified r fully paid-up e (paid-up Rs. 1.2 | as non-controlling Inter quity share of face valu 5 per equity share) for th | est in the e of Rs. 5 e financial |\n| year 2024- 13. All the amo | 25 and the unts includ | same is su ed in the A | bject to Shareholders' udited Consolidated | approval Financial | . Results | are rounded of | f to the nearest million, | except per |\n| share data | and unless | stated oth | erwise. |  |  |  |  |  |\n| For Bharti Airtel GopalVittal Vice Chairman | Limited & Managin | g Director |  |  |  |  |  |  |\n| DIN: 02291778 Coonoor, Tamil | Nadu |  |  |  |  |  |  |  |\n| May 13, 2025 |  |  |  |  |  |  |  |  |\n| Notes: a) 'Bharti Airtel | ' or 'Compa | ny' stands | for Bharti Airtel Limite | d |  |  |  |  |", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "Gopal \nVittal", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "8ca8e8b3d13b00cc", "content": "[TABLE] Company: AIRTEL | Year: FY2025 | Section: \"Earnm'-. ~ nnualised for the quarters. | Page: 8\n\n| Particulars | Quarter ended |  |  | Year ended | Previous Year ended |\n|---|---|---|---|---|---|\n|  | March 31 2025 | December 3L 2024 | March 31. 2024 | March 3L 2025 | March 31. 2024 |\n|  | Audited | Aud'ttecl | Auclted | Aulited | Audited |\n| Income Revenue from operations Other income Expenses Network operating expenses Access charges License fee f Spectrum charges Employee benefits expense Sales and 111<1rketing expenses Other expenses Profit before depredation, amortisation, finance costs, exceptional items and tax Depreciation and amortisation expenses Finance costs Profit before exceptional items and tax Exceptional items (net) Profit before tax Tax expense/ (cred\"d:} current tax Deferred tax Profit for the quarter / year other comprehensive income (OCI) nems oot to be reclassified to profrt or loss : -Gain on investment at fair value through OCI -Re-measurement gain/ (loss) on defined benefit plans • Tax (charge) / credit other comprehensive income / (loss} for the quarter/ year Total comprehensive income for the quarter / year Earnings per share\" (Face value : Rs. 5 each) Basic Diluted Paid-up equity share capital (Face value : Rs. 5 each) Other equity_ | 286,083 2,302 | 284,340 4,314 | 243,454 4,197 | 1,089,439 13,647 | 941,198 13,901 |\n|  | 288,385 54,639 10,614 27,039 6,895 13,514 9,970 | 288,654 57,252 11,623 26,788 5,620 12,937 9,nB | 247,651 53,099 11,016 22.,990 5,624 13,557 7,312 | 1,103,()86 219,387 44,488 103,102 23,937 52,504 38,432 | 955,899 200,593 41,115 88,403 21,760 52,423 31,742 |\n|  | 122,671 165,714 82,165 36,688 | 123,948 164,706 82,300 40,310 | 113,598 134,{153 76,067 36,621 | 481,850 lt21,236 325,111 152,396 | 436,036 519,063 291,085 144,054 |\n|  | 46,861 | 42,096 (26,144' | 21,365 (1,789' | 143,729 (34,915 | 83,924 12,763 |\n|  | 46,861 (46,315' | 68,240 123,734 | 23,154 4,915 | 178,644 (56,374 | 71,161 4,738 16,541 |\n|  | (46,315) | (23,734) | 4,915 | (56,374) | 21,279 |\n|  | 93,176 | 91,974 | 18,239 | 235,018 | 49,882 |\n|  | 682 46 m | 774 27 (7 | (3) | 1,338 {ln) 44 | (160) 40 |\n|  | 716 | 794 | (3' | 1,205 | (120 |\n|  | 93,892 | 92,768 | 18,236 | 236,223 | 49,762 |\n|  | 16.07 15.53 29,001 1,372,310 | 15.88 15.34 28,970 1,100,389 | 3.18 3.09 28,766 979,853 | 40.60 8.74 39.26 8.55 29,001 28,766 1,372,310 n-,o 853 u~c.kfn~ |  |", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "\"Earnm'-. ~ nnualised for the quarters.", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "2ef1ab7d081a88e7", "content": "[TABLE] Company: AIRTEL | Year: FY2025 | Section: \"Earnm'-. ~ nnualised for the quarters. | Page: 9\n\n| Particulars | Asof |  |\n|---|---|---|\n|  | Mardi 31, 2025 | Mardi 31 2024 |\n|  | Audited | Audited |\n|  | 827,599 50,946 448,142 1,083 1,066,057 1,629 878,287 5,235 18,199 5,731 190,412 64,044 | 784,639 43,226 406,491 1,083 1,024,961 76,891 575,680 726 65 18,323 7,982 129,938 67,784 |\n|  | 3,557,364 0 736 31,715 6,628 403 410 234,993 92,539 | 3,137,789 0 352 25,003 5,344 2,064 42,162 228,089 77,330 |\n|  | 367,424 | 380,344 |\n|  | 3,924 788 | 3 518,133 |\n|  | 29,001 28,766 1,372,310 979,853 1,401,311 1,008,619 902,801 1,194,996 427,261 368,910 139 19,551 42,550 17,005 17,162 2,703 2,849 1,369,321 1,626,606 205,595 64,826 78,917 64,259 999 228 822 776 322,655 286,755 127,926 129,245 70,152 60,283 300,699 233,035 4,737 12,463 41,654 31,038 1,154,156 882,908 2,523,477 2,509,514 3,924,788 3,518133 |  |", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 9, "section": "\"Earnm'-. ~ nnualised for the quarters.", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "2d9004c36d2c12d0", "content": "[TABLE] Company: AIRTEL | Year: FY2025 | Section: \"Earnm'-. ~ nnualised for the quarters. | Page: 10\n\n| Particulars | Yearended |  |\n|---|---|---|\n|  | March 31,. 2025 | March 31,. 2024 |\n|  | Audited | Audited |\n|  | 178,644 325,111 151,732 (2,974) (1,400) (998) (1,402) (34,915) 3 1,145 4,377 (599) 618,724 (12,097) (1,924) 15,725 23,591 (25,993) 618,026 5,337 623,363 | 71,.161 291,085 143,246 (7,409) {525) 267 (1,871) 12,763 7 832. 2,535 1,053 513,144 (6,187) 8,094 14,366 12,189 (12,896) 528,710 3,378 532,088 |", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "\"Earnm'-. ~ nnualised for the quarters.", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ba0c7e0750096430", "content": "[TABLE] Company: AIRTEL | Year: FY2025 | Section: \"Earnm'-. ~ nnualised for the quarters. > Less : Bank overdraft \n. \n-\ncash and cash equivalents as per Aud\"ll:ed standalone statement of cash flows \n6,628 \n5,344 | Page: 11\n\n| Particutars | Asof |  |\n|---|---|---|\n|  | March 31, 2025 | March 31, 2024 |\n|  | Aud\"ted | Aud\"ited |\n| cash and cash equivalents as per Audlted standalone Balance Sheet Less : Bank overdraft cash and cash equivalents as per Aud\"ll:ed standalone statement of cash flows | 6,628 . 6,628 | 5,344 - 5,344 |", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "\"Earnm'-. ~ nnualised for the quarters.", "subsection": "Less : Bank overdraft \n. \n-\ncash and cash equivalents as per Aud\"ll:ed standalone statement of cash flows \n6,628 \n5,344", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d14f925643c40ce3", "content": "[TABLE] Company: AIRTEL | Year: FY2025 | Section: \"Earnm'-. ~ nnualised for the quarters. > Less : Bank overdraft \n. \n-\ncash and cash equivalents as per Aud\"ll:ed standalone statement of cash flows \n6,628 \n5,344 | Page: 12\n\n| 8. | During the quarter en | ded March 31, 2025 | , the | Company h | as rece | ived favorable order | s with | respect to ta | x losses and |\n|---|---|---|---|---|---|---|---|---|---|\n|  | consequently, the tax e | xpense/ (credit) inclu | des a | tax benefit o | f Rs. 58 | ,251 million arising fro | m the | recognition of | unrecognized |\n|  | deferred tax assets on | these tax losses. |  |  |  |  |  |  |  |\n| 9. | The Board of Directors | has recommended a | final | dividend of | Rs. 16 p | er fully paid-up equity | share | of face value | of Rs. 5 each |\n|  | and Rs. 4 per partly pa | id-up equity share of | face v | alue of Rs. | 5 each ( | paid-up Rs. 1.25 per | equity | share) for the | financial year |\n|  | 2024-25 and the same | is subject to Shareh | olders | ' approval. |  |  |  |  |  |\n| 10. | The Company publishe | s these Audited Stan | dalon | e Financial | Results | along with the Audite | d Con | solidated Fina | ncial Results. |\n|  | In accordance with Ind | AS 108, 'Operating | Segm | ents', the C | ompany | has disclosed the s | egmen | t information i | n the Audited |\n|  | Consolidated Financial | Results. |  |  |  |  |  |  |  |\n| 11. | All the amounts include | d in the Audited Sta | ndalon | e Financial | Results | are rounded off to th | e near | est million, exc | ept per share |\n|  | data and unless stated | otherwise. Further d | ue to | rounding off, | certain | amounts are appeari | ng as | 'O'. |  |\n| For B | harti Airtel Limited |  |  |  |  |  |  |  |  |\n| Gopa | l Vittal |  |  |  |  |  |  |  |  |\n| Vice | Chairman & Managing | Director |  |  |  |  |  |  |  |\n| DIN: | 02291778 |  |  |  |  |  |  |  |  |\n| Coon | oor, Tamil Nadu |  |  |  |  |  |  |  |  |\n| May | 13, 2025 |  |  |  |  |  |  |  |  |\n| Note | s: |  |  |  |  |  |  |  |  |\n| a) ' | Bharti Airtel' or 'Compa | ny' stands for Bharti | Airtel | Limited. |  |  |  |  |  |\n| b) | For more details on the | Audited Standalone | Finan | cial Results, | please | visit our website 'ww | w.airtel | .in'. |  |", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "\"Earnm'-. ~ nnualised for the quarters.", "subsection": "Less : Bank overdraft \n. \n-\ncash and cash equivalents as per Aud\"ll:ed standalone statement of cash flows \n6,628 \n5,344", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "98ec80b56e6f317c", "content": "[TABLE] Company: AIRTEL | Year: FY2025 | Section: \"Earnm'-. ~ nnualised for the quarters. > ~s\\<.in.s ff \n~ \n(.f) \n~ Chartered ~ \n0 A ount nt• ii,\" | Page: 13\n\n| skins & S | ells LL | P |  |  |  | DLF C DLF C Guru Hary Tel: + | yber City Comple ity Phase II gram-122 002 ana, India 91 124 679 2000 |\n|---|---|---|---|---|---|---|---|\n|  |  |  |  |  |  | Fax: + | 91 124 679 2012 |\n| INDEPENDENT | AUDITOR'S | REPORT ON | AUDIT | OF QUARTER | L | Y AND | ANNUAL |\n| CONSOLIDATED | FINANCIAL | RESULTS |  |  |  |  |  |\n| TO THE BOARD O | F DIRECTOR | S OF |  |  |  |  |  |\n| BHARTI AIRTEL | LIMITED |  |  |  |  |  |  |\n| Opinion |  |  |  |  |  |  |  |\n| We have audited | the accompan | ying Statement | of Audited | Consolidated Fin | a | ncial Re | sults for the |\n| quarter and year | ended March | 31, 2025 of B | HARTI AIR | TEL LIMITED ( | \"t | he Par | ent\") and its |\n| subsidiaries (the P | arent and its | subsidiaries tog | ether referre | d to as \"the Gro | u | p\"), and | its share of |\n| the net profit after | tax and other | comprehensive | income/loss | of its joint ventu | re | s and a | ssociates for |\n| the quarter and ye | ar ended Marc | h 31, 2025, (\"th | e Consolidat | ed Financial Res | ult | s\"), bei | ng submitted |\n| by the Parent purs | uant to the re | quirements of | Regulation 3 | 3 of the SEBI (L | is | ting Ob | ligations and |\n| Disclosure Require | ments) Regul | ations, 2015, as | amended (\"t | he LODR Regula | ti | ons\"). |  |\n| In our opinion and | to the best of | our information | and accordi | ng to the explana | ti | ons give | n to us, and |\n| based on the consi | deration of th | e audit report of | the other au | ditor on separat | e | financial | information |\n| of an associate ref | erred to in Oth | er Matters secti | on below, th | e Consolidated F | in | ancial R | esults: |\n| (i) include the | financial resu | lts of the entitie | s as given in | Annexure to thi | s | report; |  |\n| (ii) are presen | ted in accorda | nce with the req | uirements o | f the LODR Regu | la | tions; a | nd |\n| (iii) give a true | and fair view | in conformity wi | th the recog | nition and meas | ur | ement p | rinciples laid |\n| down in th | e Indian Acc | ounting Standar | ds as notifie | d by the Ministr | y | of Corp | orate Affairs |\n| (\"MCA\") un | der section 1 | 33 of the Compa | nies Act, 201 | 3 (\"Act\"), read t | o | gether w | ith Rule 3 of |\n| the Compa | nies (Indian A | ccounting Stand | ards) Rules, | 2015 (as amend | e | d from t | ime to time) |\n| (\"Ind AS\") | and other ac | counting princip | les generall | y accepted in Ind | ia | of the | consolidated |\n| net profit a | nd consolidat | ed other compr | ehensive inc | ome and other fi | na | ncial in | formation of |\n| the Group, | its associates | and joint ventur | es for the q | uarter and year e | n | ded Mar | ch 31, 2025. |\n| Basis for Opinion |  |  |  |  |  |  |  |\n| We conducted our | audit in accord | ance with the St | andards on A | uditing (\"SAs\") s | p | ecified u | nder Section |\n| 143(10) of the Ac | t. Our respon | sibilities under t | hose Standa | rds are further | de | scribed | in Auditor's |\n| Responsibilities for | audit of the C | onsolidated Fina | ncial Results | section below. | W | e are ind | ependent of |\n| the Group, its ass | ociates and jo | int ventures in | accordance | with the Code o | f | Ethics is | sued by the |\n| Institute of Charter | ed Accountan | ts of India (\"!CA | I\") together | with the ethical | re | quirem | ents that are |\n| relevant to our au | dit of the Con | solidated Financ | ial Results u | nder the provisio | n | s of the | Act and the |\n| Rules thereunder, | and we have | fulfilled our oth | er ethical re | sponsibilities in | ac | cordanc | e with these |\n| requirements and t | he !CAi's Cod | e of Ethics. We | believe that | the audit eviden | ce | obtaine | d by us and |\n| the audit evidence | obtained by th | e other auditor | in terms of t | heir report referr | e | d to in O | ther Matters |\n| section below, is s | ufficient and a | ppropriate to pr | ovide a basis | for our audit op | in | ion. &~.C:::::: | :=- |\n|  |  |  |  |  |  | ~s\\<.in. ~ | s ff (.f) |\n| ffice: One International Ce | nter, Tower 3, 31st f | loor, Senapati Ba pat M | arg, Elphinstone | Road (West), Mumbai-4 | ~ 0 'C 00 | Charter A ount l) OJ\")'$~ ~ | ed ~ nt• ii,\" |", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "\"Earnm'-. ~ nnualised for the quarters.", "subsection": "~s\\<.in.s ff \n~ \n(.f) \n~ Chartered ~ \n0 A ount nt• ii,\"", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "1e81ad206e92a60d", "content": "[TABLE] Company: AIRTEL | Year: FY2025 | Section: \"Earnm'-. ~ nnualised for the quarters. > ~s\\<.in.s ff \n~ \n(.f) \n~ Chartered ~ \n0 A ount nt• ii,\" | Page: 14\n\n| kins & Sells | LLP |  |  |  |  |  |\n|---|---|---|---|---|---|---|\n| Management's | and Those | Charged | With Governance's | Respo | nsibiliti | es for the |\n| Consolidated Fi | nancial Resu | lts |  |  |  |  |\n| This Consolidated | Financial Res | ults are the r | esponsibility of the Co | mpany's | managem | ent and have |\n| been approved by | the Board of | Directors for i | ssuance. The Consolid | ated Finan | cial Res | ults have been |\n| compiled from th | e related Audi | ted Consolidat | ed Financial Statemen | ts for the | year en | ded March 31, |\n| 2025, the Audited | Interim Con | densed Conso | lidated Financial State | ments fo | r the qu | arter and nine |\n| months ended De | cember 31, 2 | 024 and the | Audited Consolidated | Financial | Results f | or the quarter |\n| and year ended M | arch 31, 2024 | . This respons | ibility includes the pre | paration | and prese | ntation of the |\n| Consolidated Fina | ncial Results t | hat give a tru | e and fair view of the c | onsolidat | ed net pr | ofit/(loss) and |\n| consolidated oth | er comprehen | sive income/( | loss) and other finan | cial info | rmation | of the Group |\n| including its asso | ciates and jo | int ventures i | n accordance with the | recognit | ion and | measurement |\n| principles laid do | wn in Ind AS | and other acc | ounting principles ge | nerally ac | cepted in | India and in |\n| compliance with t | he LODR Reg | ulations. |  |  |  |  |\n| The respective Bo | ard of Directo | rs of the com | panies included in the | Group an | d of its a | ssociates and |\n| joint ventures are | responsible f | or maintenan | ce of adequate accoun | ting reco | rds in ac | cordance with |\n| the provisions of | the Act for s | afeguarding t | he assets of the Gro | up and it | s associ | ates and joint |\n| ventures and for | preventing an | d detecting fra | uds and other irregul | arities; se | lection a | nd application |\n| of appropriate ac | counting poli | cies; making | judgments and estim | ates tha | t are re | asonable and |\n| prudent; and the | design, imple | mentation an | d maintenance of ade | quate inte | rnal fina | ncial controls, |\n| that were operat | ing effectivel | y for ensuring | the accuracy and c | ompleten | ess of th | e accounting |\n| records, relevant | to the prepar | ation and pres | entation of the respec | tive finan | cial resu | lts that give a |\n| true and fair view | and are free | from materia | l misstatement, wheth | er due to | fraud o | r error, which |\n| have been used fo | r the purpose | of preparation | of this Consolidated F | inancial R | esults by | the Directors |\n| of the Parent, as | aforesaid. |  |  |  |  |  |\n| In preparing the | Consolidated | Financial Re | sults, the respective | managem | ent and | the Board of |\n| Directors/Those C | harged With G | overnance of | the entities included in | the Gro | up and of | its associates |\n| and joint ventures | are responsi | ble for assess | ing the ability of the r | espective | entities t | o continue as |\n| a going concern, | disclosing, as | applicable, m | atters related to goin | g concer | n and us | ing the going |\n| concern basis o | f accounting | unless the r | espective Board of | Directors | /Those | Charged With |\n| Governance eithe | r intends to l | iquidate their | respective entities or | to cease | operatio | ns, or has no |\n| realistic alternativ | e but to do so | . |  |  |  |  |\n| The respective Bo | ard of Direct | ors/Those Cha | rged With Governanc | e of the e | ntities in | cluded in the |\n| Group and of its a | ssociates and | joint ventures | are responsible for ov | erseeing | the finan | cial reporting |\n| process of the Gro | up and of its | associates an | d joint ventures. |  |  |  |\n| Auditor's Respo | nsibilities fo | r the audit o | f the Consolidated Fi | nancial | Results |  |\n| Our objectives are | to obtain rea | sonable assur | ance about whether th | e Consoli | dated Fin | ancial Results |\n| as a whole are fr | ee from mate | rial misstatem | ent, whether due to | fraud or | error, an | d to issue an |\n| auditor's report th | at includes o | ur opinion. Re | asonable assurance is | a high lev | el of ass | urance, but is |\n| not a guarantee | that an audit | conducted in | accordance with SA | s will alw | ays dete | ct a material |\n| misstatement whe | n it exists. Mi | sstatements ca | n arise from fraud or e | rror and a | re consid | ered material |\n| if, individually or | in the aggreg | ate, they cou | ld reasonably be expe | cted to i | nfluence | the economic |\n| decisions of users | taken on the | basis of this C | onsolidated Financial | Results. |  |  |\n| As part of an au | dit in accord | ance with SA | s, we exercise profes | sional ju | dgment | and maintain |\n| professional skept | icism through | out the audit. | We also: |  |  |  |\n| • Identify a | nd assess the | risks of mater | ial misstatement of the | Consolid | ated fina | ncial Results, |\n| whether d | ue to fraud o | r error, desig | n and perform audit | procedure | s respon | sive to those |\n| risks, and | obtain audit | evidence that | is sufficient and appro | priate to | provide a | basis for our |\n| opinion. T | he risk of not | detecting a ma | terial misstatement re | sulting fr | om fraud | is higher than |\n| for one re | sulting from e | rror, as fraud | may involve collusion | , forgery, | intention | al omissions, |\n| misrepres | entations, or t | he override o | f internal control. |  |  |  |\n|  |  |  |  |  |  | Page 2 of 7 |", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "\"Earnm'-. ~ nnualised for the quarters.", "subsection": "~s\\<.in.s ff \n~ \n(.f) \n~ Chartered ~ \n0 A ount nt• ii,\"", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "e7bbf4c203304295", "content": "[TABLE] Company: AIRTEL | Year: FY2025 | Section: \"Earnm'-. ~ nnualised for the quarters. > ~s\\<.in.s ff \n~ \n(.f) \n~ Chartered ~ \n0 A ount nt• ii,\" | Page: 15\n\n| • | Obtain an und | erstanding | of internal fina | ncial con | trols relevant to | the audit in or | der to design |\n|---|---|---|---|---|---|---|---|\n|  | audit procedu | res that a | re appropriate | in the | circumstances, b | ut not for th | e purpose of |\n|  | expressing an | opinion on | the effectiven | ess of th | e Group's interna | l financial con | trols. |\n| • | Evaluate the | appropriat | eness of acc | ounting | policies used a | nd the reaso | nableness of |\n|  | accounting es | timates ma | de by the man | agement | and approved b | y the Board of | Directors. |\n| • | Evaluate the | appropriat | eness and rea | sonablen | ess of disclosur | es made by t | he Board of |\n|  | Directors in te | rms of the | requirements | specified | under the LODR | Regulations. |  |\n| • | Conclude on t | he appropri | ateness of the | Board of | Directors' use o | f the going con | cern basis of |\n|  | accounting an | d, based on | the audit evid | ence obt | ained, whether a | material unce | rtainty exists |\n|  | related to eve | nts or con | ditions that m | ay cast s | ignificant doubt | on the ability | of the Group |\n|  | and its associ | ates and jo | int ventures to | continu | e as a going con | cern. If we co | nclude that a |\n|  | material unce | rtainty exis | ts, we are req | uired to | draw attention in | our auditor's | report to the |\n|  | related disclo | sures in t | he Consolidat | ed Fina | ncial Results or | , if such dis | closures are |\n|  | inadequate, to | modify ou | r opinion. Our | conclusio | ns are based on t | he audit evide | nce obtained |\n|  | up to the date | of our au | ditor's report. | However, | future events o | r conditions m | ay cause the |\n|  | Group and its | associates | and joint vent | ures to c | ease to continue | as a going co | ncern. |\n| • | Evaluate the | overall pr | esentation, str | ucture a | nd content of t | he Consolida | ted Financial |\n|  | Results, includ | ing the dis | closures, and | whether t | he Consolidated | Financial Resu | lts represent |\n|  | the underlying | transactio | ns and events | in a man | ner that achieve | s fair presenta | tion. |\n| • | Perform proce | dures in a | ccordance wit | h the cir | cular issued by t | he SEBI unde | r Regulation |\n|  | 33(8) of the L | ODR Regul | ations to the e | xtent app | licable. |  |  |\n| • | Obtain suffici | ent approp | riate audit ev | idence r | egarding the st | andalone fina | ncial results, |\n|  | entities within | the Group | and its associ | ates and | joint ventures to | express an o | pinion on the |\n|  | Consolidated | Financial | Results. We a | re respo | nsible for the | direction, sup | ervision and |\n|  | performance o | f the audit | of financial inf | ormation | of such entities i | ncluded in the | Consolidated |\n|  | Financial Resu | lts of whic | h we are the in | depende | nt auditors. For t | he other entit | y included in |\n|  | the Consolidat | ed Financia | l Results, whic | h has be | en audited by th | e other audito | r, such other |\n|  | auditor remain | s respons | ible for the di | rection, | supervision and | performance | of the audit |\n|  | carried out by | them. We | remain solely | responsib | le for our audit o | pinion. |  |\n| terial | ity is the magn | itude of m | isstatements in | the Con | solidated Financi | al Results that | , individually |\n| in ag | gregate, make | s it probab | le that the eco | nomic de | cisions of a reas | onably knowle | dgeable user |\n| the C | onsolidated Fi | nancial Re | sults may be i | nfluenced | . We consider q | uantitative m | ateriality and |\n| alitati | ve factors in ( | i) planning | the scope of | our audi | t work and in ev | aluating the r | esults of our |\n| rk; a | nd (ii) to eval | uate the ef | fect of any ide | ntified m | isstatements in | the Consolida | ted Financial |\n| sults. |  |  |  |  |  |  |  |\n| com | municate with | those char | ged with gover | nance of | the Parent and s | uch other enti | ties included |\n| the C | onsolidated Fi | nancial Re | sults of which | we are t | he independent | auditors regar | ding, among |\n| er m | atters, the plan | ned scope | and timing of | the audit | and significant a | udit findings i | ncluding any |\n| nifica | nt deficiencies | in internal | control that w | e identif | y during our audi | t. |  |\n| also | provide thos | e charged | with governan | ce with | a statement th | at we have c | omplied with |\n| evant | ethical requ | irements | regarding ind | ependenc | e, and to com | municate wi | th • them all |\n| ations | hips and othe | r matters t | hat may reaso | nably be | thought to bear | on our indepe | ndence, and |\n| ere a | pplicable, relat | ed safegua | rds. |  |  |  |  |\n| also | performed pro | cedures in | accordance w | ith the ci | rcular issued by | the SEBI unde | r Regulation |\n| (8) of | the LODR Reg | ulations, a | s amended, to | the exte | nt applicable. |  |  |\n|  |  |  |  |  |  |  | Page 3 of 7 |", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "\"Earnm'-. ~ nnualised for the quarters.", "subsection": "~s\\<.in.s ff \n~ \n(.f) \n~ Chartered ~ \n0 A ount nt• ii,\"", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "a23b8fd549602b4e", "content": "[TABLE] Company: AIRTEL | Year: FY2025 | Section: Vijay \nAgarwal > Vijay Agarwal \nPartner \n~ \n(Membership No. 094468) \nUDIN : '25 O 9 '-14 b<b (3 mm I'tN 2.131 | Page: 16\n\n| a) | The Consoli | dated Financial | Results | also incl | ude the Gr | oup's share o | f net | profit aft | er tax of Rs. |\n|---|---|---|---|---|---|---|---|---|---|\n|  | 188 million | and Rs 498 m | illion for | the qua | rter and ye | ar ended Ma | rch 31 | , 2025, | respectively |\n| • | and other c | omprehensive | income/l | oss of R | s. 23 millio | n and Rs. 0 | million | for the | quarter and |\n| • , | year ended | March 31, 202 | 5 respec | tively, a | s considere | d in the Cons | olidat | ed Finan | cial Results, |\n| • | in respect | of an associat | e whose | financia | l informat | ion has not | been | audited | by us. This |\n|  | financial inf | ormation of su | ch associ | ate has | been audit | ed by other a | udito | r and ou | r opinion on |\n|  | the Consoli | dated Financia | l Results | , in so | far as it r | elates to the | amou | nts and | disclosures |\n|  | included in | respect of such | associat | e, is ba | sed solely | on the report | of the | other a | uditor. |\n|  | Our report | on the Consol | idated Fi | nancial | Results is | not modified | in res | pect of | the above |\n|  | matter with | respect to our | reliance | on the | work done | and the repor | t of th | e other | auditor. |\n| b) | The Consol | idated Financia | l Results | include | the results | for the quar | ter en | ded Mar | ch 31, 2025 |\n|  | being the b | alancing figure | between | audited | figures in r | espect of the f | inanc | ial year e | nded March |\n|  | 31, 2025 a | nd the audited | year to | date fig | ures up to | the nine mo | nths e | nded De | cember 31, |\n|  | 2024. |  |  |  |  |  |  |  |  |\n|  | Our report | on the Consolid | ated Fina | ncial Re | sults is not | modified in re | spect | of the ab | ove matter. |\n|  |  |  |  |  | Fo | r DELOITTE | HASK | INS & S | ELLS LLP |\n|  |  |  |  |  |  |  | Cha | rtered A | ccountants |\n|  |  |  |  |  | (Firm's | Registration | No.11 | 7366W/ | W-100018) |\n|  |  |  |  |  |  |  |  | Vijay | Agarwal |\n|  |  |  |  |  |  | (M | embe | rship No | Partner . 094468) |\n|  |  |  |  |  | ~ | UDIN: '25 O | 9 '-14 | m b<b (3 | m I'tN 2.131 |\n| Place: N | ew Delhi |  |  |  |  |  |  |  |  |", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "Vijay \nAgarwal", "subsection": "Vijay Agarwal \nPartner \n~ \n(Membership No. 094468) \nUDIN : '25 O 9 '-14 b<b (3 mm I'tN 2.131", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "a6b3f1342711a276", "content": "[TABLE] Company: AIRTEL | Year: FY2025 | Section: -·~-\n.._'t IS'\" \n~ Ch•rttr\"d \n~ \n_, \n-\n--\nAe~untant \n(t) \nPage 5 of 7 \n0 \nJ \n,,..($) i\"P \n., \n• \n0 \n~ \n-\n- | Page: 17\n\n| 1 | Bharti Airtel Limited |  |  |\n|---|---|---|---|\n|  | Subsidiaries -· |  | - ,, ~ |\n| 2 | Bharti Airtel. S,ervices Limited | 37 | Airtel Mobile Commerce (Tanzania) Limited |\n| 3 | Bharti Hexacom Limited | 38 | Airtel Mobile Commerce Tchad S.A. |\n| 4 | Bharti Telemedia Limited | 39 | Bharti Airtel Rwanda Holdings Limited |\n| 5 | Airtel Limited | 40 | Airtel Money Transfer Limited |\n| 6 | Nxtra Data Limited | 41 | Airtel Money Tanzania Limited |\n| 7 | Xtelify Limited | 42 | Airtel Mobile Commerce Nigeria Limited |\n| 8 | Indo Teleports Limited | 43 | Bharti Airtel International (Mauritius) Investments Limited# |\n| 9 | Oneweb India Communications Private Limited~ | 44 | Airtel Mobile Commerce (Seychelles) B.V. |\n| 10 | Bharti Airtel (France) SAS | 45 | Airtel Mobile Commerce Congo B.V. |\n| 11 | Bharti Airtel (Hong Kong) Limited | 46 | Airtel Mobile Commerce Kenya B.V. |\n| 12 | Bharti Airtel (Japan) Private Limited** | 47 | Airtel Mobile Commerce Uganda Limited |\n| 13 | Bharti Airtel (UK) Limited | 48 | Airtel Mobile Commerce Zambia Limited |\n| 14 | Bharti Airtel (USA) Limited | 49 | Airtel Money RDC S.A. |\n| 15 | Bharti Airtel International (Mauritius) Limited\" | 50 | Airtel Money Niger S.A. Airtel Money S.A. |\n| 16 | Bharti Airtel International (Netherlands) B.V. | 51 |  |\n| 17 | Bharti Airtel Lanka (Private) Limited% | 52 | Airtel Networks Kenya Limited |\n| 18 | Bharti International (Singapore) Pte. Ltd. | 53 | Airtel Networks Limited |\n| 19 | Network i2i Limited | 54 | Airtel Networks Zambia pie |\n| 20 | Airtel {Seychelles) Limited | 55 | Airtel Rwanda Limited |\n| 21 | Airtel Congo S.A. | 56 | Airtel Tanzania Public Limited Company |\n| 22 | Airtel Gabon S.A. | 57 | Airtel Tchad S.A. |\n| 23 | Airtel Madagascar S.A. | 58 | Airtel Uganda Limited |\n| 24 | Airtel Malawi Public Limited Company | 59 | Bharti Airtel Africa B.V. |\n| 25 | Airtel Mobile Commerce B.V. | 60 | Bharti Airtel Chad Holdings B. V. |\n| 26 | Airtel Mobile Commerce Holdings B. V. | 61 | Bharti Airtel Congo Holdings B.V. |\n| 27 | Bharti Airtel Malawi Holdings B.V. | 62 | Bharti Airtel Developers Forum Limited |\n| 28 | Bharti Airtel Mali Holdings B.V. | 63 | Bharti Airtel Gabon Holdings B.V. |\n| 29 | Bharti Airtel Niger Holdings B.V. | 64 | Bharti Airtel Kenya B.V. |\n| 30 | Bharti Airtel Nigeria 8.V. | 65 | Bharti Airtel Madagascar Holdings B.V. |\n| 31 | Bharti Airtel RDC Holdings B.V. | 66 | Airtel Africa Mauritius Limited |\n| 32 | Airtel Mobile Commerce (Kenya) Limited | 67 | Bharti Airtel Holding (Mauritius) Limited |\n| 33 | Airtel Mobile Commerce limited | 68 | Bharti Airtel Overseas (Mauritius) Limited |\n| 34 | Airtel Mobile Commerce Madagascar S.A. | 69 | Airtel Africa pie |\n| .... 35 | Airtel MopiLe Commerce Rwanda ltd | 70 71 | Airtel Mobile Commerce Nigeria B.V. Bharti tw:tel Employees Welfare Trust ll°\"c\\!.in.c:~ |\n| 36 | Airtel Mobile Commerce (Seychelles) Limited |  |  |", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "-·~-\n.._'t IS'\" \n~ Ch•rttr\"d \n~ \n_, \n-\n--\nAe~untant \n(t) \nPage 5 of 7 \n0 \nJ \n,,..($) i\"P \n., \n• \n0 \n~ \n-\n-", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "76c35abc600bca13", "content": "[TABLE] Company: AIRTEL | Year: FY2025 | Section: 'I~ \n'cJ'I\\ \nCl> \nIP \nI ;:: \nChartered 1 = I \n·o A~\nunt.ntl \n(I) \nPage 6 of 7 \n~~ \n► \n~A. \n~ * \nll-.5 \n-\n.,,,,,.,. | Page: 18\n\n| 72 | Bharti Airtel Services B.V. | 106 | Airtel Congo Telesonic Holdings (UK) Limited |\n|---|---|---|---|\n| 73 | Bharti Airtel Tanzania B.V. | 107 | Airtel DRC Telesonic Holdings (UK) Limited |\n| 74 | Bharti Airtel Uganda Holdings B.V. | 108 | Airtel Gabon Telesonic Holdings (UK) Limited |\n| 75 | Bharti Airtel Zambia Holdings B.V. | 109 | Airtel Kenya Telesonic Holdings (UK) Limited |\n| 76 | Celtel (Mauritius) Holdings Limited | 110 | . . Airtel Madagascar Telesonic t-Joldings (UK) Limited |\n| 77 | Airtel Congo RDC S.A. | 111 | Airtel Niger Telesonic Holdings (UK) Limited |\n| 78 | Celtel Niger S.A. | 112 | Airtel Nigeria Telesonic Holdings (UK) Limited |\n| 79 | Channel Sea Management Company (Mauritius) Limited& | 113 | Airtel Rwanda Telesonic Holdings (UK) Limited |\n| 80 | Congo RDC Towers S.A. | 114 | Airtel Seychelles Telesonic Holdings (UK) Limited |\n| 81 | * Gabon Towers S.A. | 115 | Airtel Tanzania Telesonic Holdings (UK) Limited |\n| 82 | Indian Ocean Telecom Limited | 116 | Airtel Uganda Telesonic Holdings (UK) Limited |\n| 83 | Mobile Commerce Congo S.A. | 117 | Airtel Zambia Telesonic Holdings (UK) Limited |\n| 84 | Montana International& | 118 | Airtel Tchad Telesonic Holdings (UK) Limited |\n| 85 | Partnership Investments Sarlu | 119 | Airtel (M) Telesonic Limited |\n| 86 | The Registered Trustees of Airtel Monev Trust Fund | 120 | Airtel Kenya Telesonic Limited |\n| 87 | Airtel Africa Services (UK) Limited | 121 | Airtel Niqeria Telesonic Limited |\n| 88 | Airtel Mobile Commerce Services Limited | 122 | Airtel Rwanda Telesonic Limited |\n| 89 | SmartCash Payment Service Bank Limited | 123 | Airtel Telesonic Uganda Limited |\n| 90 | Airtel (M) Telesonic Holdings (UK) Limited | 124 | Airtel Zambia Telesonic Limited |\n| 91 | Airtel Africa Telesonic Holdings Limited | 125 | Airtel (Seychelles) Telesonic Limited |\n| 92 | Airtel Africa Telesonic Limited | 126 | Nxtra Africa Data Holdinqs Limited |\n| 93 | Airtel Money Trust Fund | 127 | Nxtra Congo Data Holdings (UK} Limited |\n| 94 | Airtel Mobile Commerce Madagascar B.V. | 128 | Nxtra DRC Data Holdings (UK) Limited |\n| 95 | Airtel Mobile Commerce Malawi B.V. | 129 | Nxtra Gabon Data Holdings (UK) Limited |\n| 96 | Airtel Mobile Commerce Rwanda B.V. | 130 | Nxtra Kenya Data Holdings (UK) Limited Airtel Mobile Commerce Tanzania B.V. |\n| 97 | Airtel Mobile Commerce Tchad B.V. | 131 |  |\n| 98 | Airtel Mobile Commerce Uganda B.V. | 132 | Nxtra Nigeria Data Holdings (UK) Limited |\n| 99 | Airtel Mobile Commerce Zambia B.V. | 133 | Airtel Conqo RDC Telesonic S.A.U. |\n| 100 | Airtel International LLP | 134 | Nxtra Africa Data (Nigeria) Limited |\n| 101 | Airtel Mobile Commerce DRC B.V. | 135 -- 136 - 137 | Airtel Gabon Telesonic S.A. - Nxtra Africa Data (Kenya) Limited Nxtra Africa Data (Nigeria) FZE |\n| 102 | Airtel Mobile Commerce Gabon B.V. - |  |  |\n| 103 | Airtel Mobile Commerce Niger B.V. |  |  |\n| 104 | Airtel Money Kenya Limited | 138 | Beetel Teletech Limited |\n| 105 | Network i2i (UK) Limited |  | Beetel T, Singapore Private .L Limi~,;,\\dns~ |", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "'I~ \n'cJ'I\\ \nCl> \nIP \nI ;:: \nChartered 1 = I \n·o A~\nunt.ntl \n(I) \nPage 6 of 7 \n~~ \n► \n~A. \n~ * \nll-.5 \n-\n.,,,,,.,.", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "87bee801be691e64", "content": "[TABLE] Company: AIRTEL | Year: FY2025 | Section: 'I~ \n'cJ'I\\ \nCl> \nIP \nI ;:: \nChartered 1 = I \n·o A~\nunt.ntl \n(I) \nPage 6 of 7 \n~~ \n► \n~A. \n~ * \nll-.5 \n-\n.,,,,,.,. > Joint Ventures & Associates \n{Including their subsidiaries) \n146 \nIndus Towers Limited@ \n• | Page: 19\n\n| 140 | The Airtel Africa Employee Benefit Trust | 143 | The Airtel Africa Foundation\" |\n|---|---|---|---|\n| 141 | Nxtra Africa Data (Kenya) SEZ Limited\" | 144 | SmarTx Services Limited@ |\n| 142 | Indus Towers Limited@ | 145 | Indus Towers Employees Welfare Trust@ |\n|  | Joint Ventures & Associates {Including their subsidiaries) |  |  |\n| 146 | • Indus Towers Limited@ | 157 | Rabi Axiata PLC (Formerly known as Rabi Axiata Limited) |\n| 147 | Airtel Payments Bank Limited | 158 | Lavelle Networks Private Limited |\n| 148 | Bridqe Mobile Pte Limited | 159 | MAWEZI RDC S.A. |\n| 149 | RedDot Digital Limited | 160 | HCIL Netcom India Private Limited { formerly known as Hughes Global Education India Private Limited ) |\n| 150 | Bharti Airtel Ghana Holdinqs B.V. | 161 | HCIL COMTEL PRIVATE LIMITED |\n| 151 | Millicom Ghana Company Limited$ | 162 | Dixon Electro Applicances Private Limited |\n| 152 | Hughes Communications India Private Limited | 163 | Rventures PLC |\n| 153 | Seychelles Cable Systems Company Limited | 164 | SmartPay Limited |\n| 154 | SmarTx Services Limited@ | 165 | AxEnTec PLC |\n| 155 | Firefly Networks Limitedu | 166 | Oneweb India Communications Private Limited~ |\n| 156 | Indus Towers Employees Welfare Trust@ |  |  |", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "'I~ \n'cJ'I\\ \nCl> \nIP \nI ;:: \nChartered 1 = I \n·o A~\nunt.ntl \n(I) \nPage 6 of 7 \n~~ \n► \n~A. \n~ * \nll-.5 \n-\n.,,,,,.,.", "subsection": "Joint Ventures & Associates \n{Including their subsidiaries) \n146 \nIndus Towers Limited@ \n•", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "29871edbc504d67d", "content": "[TABLE] Company: AIRTEL | Year: FY2025 | Section: 'I~ \n'cJ'I\\ \nCl> \nIP \nI ;:: \nChartered 1 = I \n·o A~\nunt.ntl \n(I) \nPage 6 of 7 \n~~ \n► \n~A. \n~ * \nll-.5 \n-\n.,,,,,.,. > a, \nv~ \n\\I\\ \nPage 1 of 3 \n!: Chatt.r.cl !_ | Page: 20\n\n| skins & | Sells LL | P |  |  |  | DL DL Gu Ha Tel: | F Cyber City Complex F City Phase II rugram-122 002 ryana, India +91 124 679 2000 |\n|---|---|---|---|---|---|---|---|\n|  |  |  |  |  |  | Fax | : +91 124 679 2012 |\n| INDEPENDENT | AUDITOR'S RE | PORT ON A | UDIT OF QU | ARTERLY AND | ANN | UAL | STANDALONE |\n| FINANCIAL RE | SULTS |  |  |  |  |  |  |\n| TO THE BOARD | OF DIRECTORS | OF |  |  |  |  |  |\n| BHARTI AIRTE | L LIMITED |  |  |  |  |  |  |\n| Opinion |  |  |  |  |  |  |  |\n| We have audited | the accompanyi | ng Statemen | t of Audited St | andalone Financ | ial Re | sults | for the quarter |\n| and year ended | March 31, 2025 | of BHARTI | AIRTEL LIM | ITED (\"the Com | pany\" | ), (\"t | he Standalone |\n| Financial Results | \"), being submitt | ed by the Co | mpany pursua | nt to the require | ments | of R | egulation 33 of |\n| the SEBI (Listing | Obligations and | Disclosure Re | quirements) R | egulations, 2015 | , as a | men | ded (\"the LODR |\n| Regulations\"). |  |  |  |  |  |  |  |\n| In our opinion a | nd to the best of | our informa | tion and accor | ding to the expl | anatio | ns g | iven to us, the |\n| Standalone Fina | ncial Results: |  |  |  |  |  |  |\n| (i) are p | resented in acco | rdance with t | he requiremen | ts of the LODR R | egula | tions | ; and |\n| (ii) give | a true and fair vie | w in conform | ity with the re | cognition and m | easur | emen | t principles laid |\n| down | in the Indian A | ccounting St | andards as no | tified by the Mi | nistry | of C | orporate Affairs |\n| ('MC | A') under Section | 133 of the C | ompanies Act, | 2013 (\"Act\"), re | ad tog | ethe | r with Rule 3 of |\n| the C | ompanies (India | n Accounting | Standards) Ru | les, 2015 (as am | ende | d fro | m time to time) |\n| (\"Ind | AS \") and other | accounting p | rinciples gener | ally accepted in | India | of th | e net profit and |\n| othe | r comprehensive i | ncome and o | ther financial i | nformation of th | e Com | pany | for the quarter |\n| and | year ended March | 31, 2025. |  |  |  |  |  |\n| Basis for Opini | on |  |  |  |  |  |  |\n| We conducted o | ur audit in accord | ance with the | Standards on | Auditing {\"SAs | \") spe | cified | under Section |\n| 143(10) of the | Act. Our respon | sibilities und | er those Stan | dards are furth | er de | scribe | d in Auditor's |\n| Responsibilities | for Audit of the | Standalone | Financial Resu | lts section of o | ur re | port | below. We are |\n| independent of t | he Company in ac | cordance wit | h the Code of | Ethics issued by | the In | stitu | te of Chartered |\n| Accountants of I | ndia (\"ICAI\") tog | ether with th | e ethical requi | rements that ar | e rele | vant | to our audit of |\n| the Standalone F | inancial Results u | nder the prov | isions of the A | ct and the Rules | there | unde | r, and we have |\n| fulfilled our othe | r ethical responsi | bilities in acc | ordance with t | hese requiremen | ts an | d the | ICAI's Code of |\n| Ethics. We believ | e that the audit e | vidence obtai | ned by us is s | ufficient and app | ropria | te to | provide a basis |\n| for our audit opin | ion. |  |  |  |  |  |  |\n| Management's | and Those Cha | rged with | Governance's | Responsibilit | ies fo | r th | e Standalone |\n| Financial Resul | ts |  |  |  |  |  |  |\n| This Standalone | Financial Results | are the resp | onsibility of th | e Company's ma | nage | ment | and have been |\n| approved by the | Board of Director | s for issuanc | e. The Standal | one Financial Re | sults | have | been compiled |\n| from the related | Audited Standal | one Financia | l Statements | for the year en | ded M | arch | 31, 2025, the |\n| Audited Interim | Condensed Stand | alone Financ | ial Statement | s for the quarte | r and | nine | months ended |\n| December 31, 20 | 24 and the Audit | ed Standalon | e Financial Res | ults for the quar | ter an | d ye | ar ended March |\n| 31, 2024. This r | esponsibility incl | udes the pre | paration and | presentation of | the S | tand | alone Financial |\n| Results that give | a true and fair | view of the n | et profit/(loss | ) and other com | e | nsive | income/(loss) |\n|  |  |  |  | ~~\\; a, !: C | ltins v~ hatt.r.c | ff \\I\\ l !_ | Page 1 of 3 |", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "'I~ \n'cJ'I\\ \nCl> \nIP \nI ;:: \nChartered 1 = I \n·o A~\nunt.ntl \n(I) \nPage 6 of 7 \n~~ \n► \n~A. \n~ * \nll-.5 \n-\n.,,,,,.,.", "subsection": "a, \nv~ \n\\I\\ \nPage 1 of 3 \n!: Chatt.r.cl !_", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "a1d6da517cda6926", "content": "[TABLE] Company: AIRTEL | Year: FY2025 | Section: 'I~ \n'cJ'I\\ \nCl> \nIP \nI ;:: \nChartered 1 = I \n·o A~\nunt.ntl \n(I) \nPage 6 of 7 \n~~ \n► \n~A. \n~ * \nll-.5 \n-\n.,,,,,.,. > a, \nv~ \n\\I\\ \nPage 1 of 3 \n!: Chatt.r.cl !_ | Page: 21\n\n| and other financi | al information in | accord | ance with the re | cognition and m | easur | ement princi | ples laid down |\n|---|---|---|---|---|---|---|---|\n| in Ind AS and ot | her accounting pr | inciple | s generally acc | epted in India a | nd in | compliance | with the LODR |\n| Regulations. |  |  |  |  |  |  |  |\n| The responsibili.l: | y o.f Board of D | irecto | rs includes m | aintenance of a | dequ | ate accounti | ng records in |\n| accordance with | the. provisions of | the Ac | t for safeguardi | ng the assets of | the C | ompany and f | or preventing |\n| and detecting fr | auds and .other | irregu | larities; select | ion and applica | tion | of appropria | te accounting |\n| policies; making | judgments an | d esti | mates that ar | e reasonable a | nd p | rudent; and | the design, |\n| implementation | and maintenance | of ade | quate internal f | inancial control | s that | were operati | ng effectively |\n| for ensuring the | accuracy and co | mplete | ness of the acc | ounting records, | relev | ant to the pr | eparation and |\n| presentation of t | he Standalone Fin | ancial | Results that giv | e a true and fair | view | and are free | from material |\n| misstatement, w | hether due to fra | ud or | error. |  |  |  |  |\n| In preparing the | Standalone Fi | nancial | Results, the | management a | nd th | e Board of | Directors are |\n| responsible for as | sessing the Com | pany's | ability, to conti | nue as a going c | oncer | n, disclosing, | as applicable, |\n| matters related t | o going concern | and u | sing the going | concern basis of | acco | unting unless | the Board of |\n| Directors either i | ntends to liquida | te the | Company or to | cease operation | s, or | has no realis | tic alternative |\n| but to do so. |  |  |  |  |  |  |  |\n| The Board of D | irectors are also | respo | nsible for ove | rseeing the fina | ncial | reporting p | rocess of the |\n| Company. |  |  |  |  |  |  |  |\n| Auditor's Respo | nsibilities for t | he au | dit of the Stan | dalone Financ | ial R | esults |  |\n| Our objectives ar | e to obtain reaso | nable | assurance abou | t whether the S | tanda | lone Financia | l Results as a |\n| whole are free fr | om material mis | statem | ent, whether d | ue to fraud or | error, | and to issue | an auditor's |\n| report that inclu | des our opinion. | Reas | onable assuran | ce is a high le | vel o | f assurance, | but is not a |\n| guarantee that a | n audit conducte | d in ac | cordance with | SAs will always | detec | t a material | misstatement |\n| when it exists. M | isstatements can | arise | from fraud or e | rror and are co | nsider | ed material i | f, individually |\n| or in the aggreg | ate, they could r | eason | ably be expecte | d to influence t | he ec | onomic deci | sions of users |\n| taken on the basi | s of this Standal | one Fi | nancial Results. |  |  |  |  |\n| As part of an aud | it in accordance w | ith SA | s, we exercise | professional judg | ment | and maintai | n professional |\n| skepticism throug | hout the audit. | We als | o: |  |  |  |  |\n| • Identify and | assess the risks o | f mate | rial misstatem | ent of the Stand | alone | Financial Re | sults, whether |\n| due to fraud | or error, design | and p | erform audit pr | ocedures respo | nsive | to those risk | s, and obtain |\n| audit evidenc | e that is sufficie | nt and | appropriate to | provide a basis | for o | ur opinion. T | he risk of not |\n| detecting a m | aterial misstate | ment r | esulting from fr | aud is higher th | an fo | r one resultin | g from error, |\n| as fraud may | involve collusion | , forg | ery, intentional | omissions, misr | epres | entations, o | r the override |\n| of internal co | ntrol. |  |  |  |  |  |  |\n| • Obtain an un | derstanding of in | ternal | financial contro | ls relevant to th | e aud | it in order to | design audit |\n| procedures t | hat are appropri | ate in | the circumstan | ces, but not fo | r the | purpose of e | xpressing an |\n| opinion on th | e effectiveness o | f the C | ompany's inter | nal financial con | trols. |  |  |\n| • Evaluate the | appropriateness | of ac | counting policie | s used and the | reas | onableness | of accounting |\n| estimates ma | de by the manag | emen | t and approved | by the Board of | Direc | tors. |  |\n| • Evaluate the | appropriateness | and re | asonableness o | f disclosures ma | de b | y the Board o | f Directors in |\n| terms of the | requirements spe | cified | under the LODR | Regulations. |  |  |  |\n|  |  |  |  |  |  |  | Page 2 of 3 |", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 21, "section": "'I~ \n'cJ'I\\ \nCl> \nIP \nI ;:: \nChartered 1 = I \n·o A~\nunt.ntl \n(I) \nPage 6 of 7 \n~~ \n► \n~A. \n~ * \nll-.5 \n-\n.,,,,,.,.", "subsection": "a, \nv~ \n\\I\\ \nPage 1 of 3 \n!: Chatt.r.cl !_", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "4e9547073ec4bef7", "content": "[TABLE] Company: AIRTEL | Year: FY2025 | Section: Vijay Agarwal \n* o \nPartner \n~ (Membership No. 094468) \nUDIN:2.'50344 (:.%B fY1\"1TYO507 B | Page: 22\n\n| • Conclude | on | the appropr | iaten | ess of the | Board of D | irectors' use of the | going concern basis of |\n|---|---|---|---|---|---|---|---|\n| accountin | g an | d, based on | the a | udit eviden | ce obtained, | whether a material | uncertainty exists related |\n| to events | or c | onditions th | at ma | y cast sign | ificant doub | t on the ability of the | Company to continue as |\n| a going co | ncer | n. If we con | clude | that a mat | erial uncert | ainty exists, we are r | equired to draw attention |\n| ·, in uur au | ditor | 's report to | the | related dis | closures in | the Standalone Fin | ancial Results or, if such |\n| disclosure | s ar | e inadequat | e, to | modify our | opinion. Ou | r conclusions are ba | sed on the audit evidence |\n| obtained | up to | the date of | our | auditor's re | port. Howev | er, future events or | conditions may cause the |\n| Company | to c | ease to cont | inue | as a going | concern. |  |  |\n| • Evaluate | the | overall pre | senta | tion, struc | ture and c | ontent of the Stan | dalone Financial Results, |\n| including | the | disclosures, | and | whether th | e Standalon | e Financial Results | represent the underlying |\n| transactio | ns a | nd events in | a m | anner that | achieves fai | r presentation. |  |\n| Materiality is | the | magnitude o | f mis | statements | in the Sta | ndalone Financial Re | sults that, individually or |\n| in aggregate, | mak | es it probab | le th | at the econ | omic decisio | ns of a reasonably k | nowledgeable user of the |\n| Standalone F | inanc | ial Results | may | be influenc | ed. We con | sider quantitative m | ateriality and qualitative |\n| factors in (i) | plann | ing the sco | pe of | our audit w | ork and in | evaluating the result | s of our work; and (ii) to |\n| evaluate the | effec | t of any ide | ntified | misstatem | ents in the | Standalone Financia | l Results. |\n| We communi | cate | with those | charg | ed with go | vernance r | egarding, among ot | her matters, the planned |\n| scope and tim | ing | of the aud | it an | d significan | t audit find | ings including any | significant deficiencies in |\n| internal financ | ial c | ontrols that | we i | dentify duri | ng our audit | . |  |\n| We also provi | de th | ose charge | d wit | h governan | ce with a st | atement that we hav | e complied with relevant |\n| ethical require | men | ts regarding | inde | pendence, | and to com | municate with them | all relationships and other |\n| matters that | may | reasonably | be th | ought to b | ear on our | independence, and | where applicable, related |\n| safeguards. |  |  |  |  |  |  |  |\n| Other Matte | r |  |  |  |  |  |  |\n| The Standalo | ne Fi | nancial Res | ults i | nclude the | results for t | he quarter ended M | arch 31, 2025, being the |\n| balancing figu | re b | etween audi | ted fi | gures in re | spect of the | financial year ended | March 31, 2025 and the |\n| audited year t | o da | te figures u | p to t | he nine mo | nths ended | December 31, 2024 | . |\n| Our report on | the | Standalone | Finan | cial Result | s is not mod | ified in respect of th | e above matter. |\n|  |  |  |  |  |  | For DELOITTE | HASKINS & SELLS LLP |\n|  |  |  |  |  |  |  | Chartered Accountants |\n|  |  |  |  |  |  | {Firm's Registration | No.117366W/W-100018) |\n|  |  |  |  |  |  |  | Vijay Agarwal |\n|  |  |  |  |  |  | * o | Partner |\n|  |  |  |  |  |  | ~ ( UDIN:2.'50 | Membership No. 094468) 344 (:.%BfY1\"1TYO507B |\n| Place: New De | lhi |  |  |  |  |  |  |\n| Date: May 13, | 202 | 5 |  |  |  |  |  |", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 22, "section": "Vijay Agarwal \n* o \nPartner \n~ (Membership No. 094468) \nUDIN:2.'50344 (:.%B fY1\"1TYO507 B", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "0a6c5fc10b31c059", "content": "[TABLE] Company: AIRTEL | Year: FY2025 | Section: ~ \nrf' )~ > Date: May 13, 2025 \nPlace: New Delhi | Page: 23\n\n| Declaration in | respect of | Audit Re | ports with un | modified opin | ion on | Audited |\n|---|---|---|---|---|---|---|\n| Financial Resul | ts (Standal | one and | Consolidated} o | f the Compa | ny for t | he fourth |\n| quarter and yea | r ended M | arch 31, 2 | 025 |  |  |  |\n| I, Soumen Ray, | Chief Finan | cial Office | r (India & South | Asia), of Bha | rti Airte | l Limited, |\n| having its regist | ered office | at Airtel | Center, Plot No | . 16, Udyog | Vihar, | Phase-IV, |\n| Gurugram - 122 | 015, India, | hereby d | eclare that Delo | itte Haskins & | Sells | LLP (Firm |\n| registration no. 1 | 17366WNV | -100018), | Statutory Audito | rs of the Comp | any, ha | ve issued |\n| Audit Reports wi | th Unmodifi | ed opinion | on Audited Fin | ancial Results | (Stand | alone and |\n| Consolidated) of | the Compa | ny for the | fourth quarter a | nd year ended | March | 31, 2025. |\n| This declaration | is given | pursuant | to Regulation | 33(3)(d) of th | e SEB | I (Listing |\n| Obligations and | Disclosure | Requirem | ents) Regulation | s, 2015, as am | ended | read with |\n| applicable SEBI | circular(s). |  |  |  |  |  |\n| Kindly take this d | eclaration | on record. |  |  |  |  |\n| Thanking you, |  |  |  |  |  |  |\n| Sincerely yours |  |  |  |  |  |  |\n| For Bharti Airte | l,J.t-mited |  |  |  |  |  |\n| ~ r | f' )~ |  |  |  |  |  |\n| Soumen Ray |  |  |  |  |  |  |\n| Chief Financial | Officer {Ind | ia & Sou | th Asia) |  |  |  |\n| Date: May 13, 2 | 025 |  |  |  |  |  |\n| Place: New Delh | i |  |  |  |  |  |\n|  |  | Bh | arti Airtel Limited |  |  |  |\n|  |  | (a | Bharti Enterprise) |  |  |  |\n|  | Regd. Office: Airt | el Center, Plot No | . 16, Udyog Vihar, Phase-IV, | Gurugram -122015, India |  |  |\n| Corpo | rate Office: Bharti Cr | escent, 1, Nelson | Mandela Road. Vasant Kunj, | Phase II, New Delhi• 110 | 070, India |  |\n| T.: | +91-124-4222222, F. | : +91-124-424806 | 3, Email: comoliance.officer@ | bharti.in, Website: www. | airtel.in |  |\n|  |  | CIN: L | 74899HR1995PLC095967 |  |  |  |", "company": "AIRTEL", "ticker": "BHARTIARTL", "source_file": "AIRTEL.pdf", "fiscal_year": "FY2025", "page_number": 23, "section": "~ \nrf' )~", "subsection": "Date: May 13, 2025 \nPlace: New Delhi", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "38a5603114b5bce4", "content": "AXIS/CO/CS/26/2025-26 National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C/1, \"G\" Block Bandra-Kurla Complex Bandra (E), Mumbai - 400 051 BSE Limited 1st Floor, P. J. Towers, Dalal Street Fort, Mumbai - 400 001 BSE Scrip Code: 532215 REF.: DISCLOSURE UNDER REGULATIONS 30, 33 AND 52 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 (\"SEBI LISTING REGULATIONS\") SUB.: OUTCOME OF BOARD MEETING ~ AUDITED FINANCIAL RESULTS OF AXIS BANK LIMITED (\"BANK\") In reference to our letter no\". AXIS/CO/CS/ 15/2025-26 dated April 15, 2025, and pursuant to Regulations 30, 33, 52 and other applicable provisions of the SEBI Listing Regulations, we hereby inform you that the Board of Directors (the \"Board\") of the Bank at its meeting held today, i.e., April 24, 2025, has approved the Audited Standalone and Consolidated Financial Results of the Bank for the quarter and year ended March 31, 2025 (the \"Financial Results\"). The Financial Results along with the Audit Reports issued thereon by M/s. M M Nissim & Co. LLP, Chartered Accountants and M/s. KKC & Associates LLP, Chartered Accountants, Joint Statutory Auditors of the Bank, are enclosed herewith and are also being uploaded on the website of the Bank at www.axisbank.com. The Joint Statutory Auditors of the Bank have issued the Audit Reports on the Standalone and Consolidated Financial Results of the Bank, for the year ended March 31, 2025, with an", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 2, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "319863569517f555"}, {"chunk_id": "e0ba14fc0c3009b7", "content": "Bank at www.axisbank.com. The Joint Statutory Auditors of the Bank have issued the Audit Reports on the Standalone and Consolidated Financial Results of the Bank, for the year ended March 31, 2025, with an 'unmodified opinibn'. A declaration by the Chief Financial Officer of the Bank to this effect is also enclosed. The Board meeting commenced at 11 :30 am (1ST) and the results were approved at 3:40 pm (1ST) . This is for your information and records. London Stock Exchange Singapore Stock Exchange 8th Floor AXIS House C 2 Wadia International Centre Pandurang Budhkar Marg Mumbai . Maharashtra . India 400025 REGISTERED OFFICE : \"Trishul\" - 3rd Floor Opp. Samartheswar Temple, Near Law Garden, Ellisbridge, Ahmedabad - 380006. T~lephone No. 079-26409322 Fax No. - 079-26409321 CIN: L6511 0GJl 993PLC020769 Website - www.axisbank.com Regd. Office: 'Trishul', 3rd floor, Opp. Samartheshwar Temple, Near Law Garden, Ellisbridge, Ahmedabad - 380 006. Corporate Office: Axis Bank Limited, Axis House, Pandurang Budhkar Marg, Worli, Mumbai - 400 025. AU'DITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH, 2025 CIN: L65110GJ1993PLC020769, Phone: 079-66306161, Email: shareholders@axisbank.com FOR THE FOR THE FOR THE FOR THE FOR THE", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 2, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "319863569517f555"}, {"chunk_id": "f793e49511628517", "content": "PARTICULARS QUARTER QUARTER QUARTER YEAR YEAR . ENDED ENDED ENDED ENDED ENDED 31.03.2025 31.12.2024 31.03.2024 31.03.2025 31.03.2024 (Audited (Unaudited) (Audited (Audited) (Audited) refer note 2) refer note 2) l. Interest earned (a)+(b)+(c)+(d) 31,242.51 30,953.94 29,224.54 1,22,677.04 l ,09 ,368.63 (b) Income on Investments 6,095.14 5,808.83 5,338.37 22,928.34 20,010.62 [a) Interest/discount on advances/bills 24,579.59 24,640.75 23,351.15 97,200.27 87,106.60 (c) Interest on balances with Reserve Bank of India & other inter-bank funds 296.96 292.86 256.48 1,236.22 908.27 2. Other Income [Refer note 3) 6,779.52 5,972.20 6,765.79 25,257.06 22,441.96 [d) Others 270.82 211.50 278.54 l,312.21 1,343.14 3. TOTAL INCOME (1+2) 38,022.03 36,926.14 35,990.33 ] ,47,934.10 l,31 ,8 l 0.59 5. Operating expenses [i)+[ii) 9,837.69 9,044.20 9,319.09 37,499.95 35,213.26 4. Interest Expended 17,431.97 17,348.09 16,135.54 68,329.22 59,474.15 (i) Employees cost 2,961.54 2,984.61 2,923.54 12,192.79 10,933.11 6. TOTAL EXPENDITURE [4+5) [Excluding Provisions and Contingencies) 27,269.66 26,392.29 25,454.63 l ,05,829. 1 7 94,687.43 (ii) Other operating expenses 6,876.15 6,059.59 6,395.55 25,307.16 24,280.17 7. OPERATING PROFIT (3-6) 10,752.37 10,533.85 10,535.70 42,104.93 37,123.16 [Profit before Provisions & Contingencies) 8. Provisions (other than tax) and Contingencies [Net) 1,359.35 2, 155,63 1,185.31 7,758.35 4,063.09 9. Exceptional Items - - - - 10. Profit/(Loss) from Ordinary Activities before Tax (7-8-9) 9,393.02 8,378.22 9,350.39 34,346.58 33,060.07 11. Tax expense 2,275.52 2.074.45 2,220.72 7,973.10 8,198.64 13.", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "PARTICULARS \nQUARTER \nQUARTER \nQUARTER \nYEAR \nYEAR \n. \nENDED \nENDED \nENDED \nENDED \nENDED \n31.03.2025 \n31.12.2024 \n31.03.2024 \n31.03.2025 \n31.03.2024", "subsection": "9. \nExceptional Items \n-\n-\n-\n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "964d934cdd638870"}, {"chunk_id": "791f9867e2f2cd30", "content": "4,063.09 9. Exceptional Items - - - - 10. Profit/(Loss) from Ordinary Activities before Tax (7-8-9) 9,393.02 8,378.22 9,350.39 34,346.58 33,060.07 11. Tax expense 2,275.52 2.074.45 2,220.72 7,973.10 8,198.64 13. Extraordinary Items [net of tax expense) - - - - - 12. Net Profit/[Loss) from Ordinary Activities after Tax ( 10-11) 7,117.50 6;303.77 7,129.67 26,373.48 24,861.43 14. Net Profit/[Loss) for the period ( 12-13) 7,117.50 6,303.77 7.129.67 26,373.48 24,861.43 15, Paid-up equity share capital 619.47 619.03 617.31 619.47 617.31 [Face value 't2/- per share) 16. Reserves excluding revaluation reserves 1,77,997.47 1.49,617.69 17. Analytical Ratios and other disclosures (i) Percentage of Shares held by Government of India Nil Nil Nil Nil Nil (ii) Capital Adequacy Ratio - Basel Ill 17.07% 17.01% 16.63% 17.07% 16.63% [iii) Earnings per Share (EPS) for the period/year (before and after - Basic 22.99 20.37 23.11 85.28 80.67 - Diluted 22.87 20.25 22.96 84.77 80.10 (b) Amount of Net Non Performing assets 3,685.45 3,774.79 3,247.47 3,685.45 3,247.47 (a) Amount of Gross Non Performing assets 14,490.11 15.850.27 15,127.12 14,490.11 15,127.12 (c) % of Gross NPAs 1.28 1.46 1.43 1.28 1.43 (v) Return on Assets [annualized) % 1.83 1.64 2.00 1.74 1.83 (d) % of Net NPAs 0.33 0.35 0.31 0.33 0.31 [vi) Net worth l ,73,051.25 1,64, 978.66 1,44,069 .47 1,73,051.25 1,44,069 .47 (vii) Outstanding Redeemable Prefere·nce Shores Nil Nil Nil Nil Nil (viii) Capital Redemption Reserve Nil Nil Nil Nil Nil (ix) Debentures Redemption Reserve Nil Nil Nil Nil Nil [xi)", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "PARTICULARS \nQUARTER \nQUARTER \nQUARTER \nYEAR \nYEAR \n. \nENDED \nENDED \nENDED \nENDED \nENDED \n31.03.2025 \n31.12.2024 \n31.03.2024 \n31.03.2025 \n31.03.2024", "subsection": "9. \nExceptional Items \n-\n-\n-\n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "964d934cdd638870"}, {"chunk_id": "dd5f60ae7c1758e3", "content": "1,44,069 .47 1,73,051.25 1,44,069 .47 (vii) Outstanding Redeemable Prefere·nce Shores Nil Nil Nil Nil Nil (viii) Capital Redemption Reserve Nil Nil Nil Nil Nil (ix) Debentures Redemption Reserve Nil Nil Nil Nil Nil [xi) Total Debts to Total Assets 11.44% 12.40% 13.32% 11.44% 13.32% [x) Debt- Equity Ratio' 1.03 1.10 1.31 1.03 1.31 • Debt represents total borrowings; Equity represents total of share capital an9 _reserves, 1 . Statement of Assets and Liabilities is given below: Particulars As on 31.03.2025 As on 31.03.2024 Capital 619.47 617.31 CAPITAL AND LIABILITIES Employees' Stock Options Outstanding 1.108.18 826.58 Reserves and Surplus 1.77.997.47 1.49.617.69 Deposits 11 .72,952.02 l 0.68,641 .39 Other Liabilities and Provisions 73,106.22 60,693.88 Borrowings 1,84, 146.52 1,96,811.75 TOTAL 16,09,929.88 14,77 ,208.60 Cash and Balances with Reserve Bank of India 73,638.44 86,077.49 Investments 3,96. 141.79 3,31,527.25 Balances with Banks and Money at Call and Short Notice 26,093.66 28,376.90 Advances 10,40,811.32 9,65,068.38 Fixed Assets 6,291.70 5,684.58 Other Assets 66.952.97 60,474.00 TOTAL 16,09, 929 .88 14,77,208.60 2. The figures of the last quarter in each of the financial years are the balancing figures between audited figures in respect of the full financial year and the published/ unaudited year to date figures upto the end of the third quarter of the respective financial year. 3. 'Other income' includes profit/loss from investments (including revaluation), earnings from foreign exchange and", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "PARTICULARS \nQUARTER \nQUARTER \nQUARTER \nYEAR \nYEAR \n. \nENDED \nENDED \nENDED \nENDED \nENDED \n31.03.2025 \n31.12.2024 \n31.03.2024 \n31.03.2025 \n31.03.2024", "subsection": "9. \nExceptional Items \n-\n-\n-\n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "964d934cdd638870"}, {"chunk_id": "2bd9d5038cf1941c", "content": "of the respective financial year. 3. 'Other income' includes profit/loss from investments (including revaluation), earnings from foreign exchange and derivative transactions, commission earned from guarantees/letters of credit, fees earned from providing services to customers, se_lling of third party products etc. • 4. The Board of Directors hos recommended a dividend of ~l per share (50%) for the year ended 31'1 March, 2025, subject to the approval of the members at the ensuing Annual General Meeting. 5. During the quarter and year ended 31'1 March 2025, the Bank allotted 21,97,535 and 1,07,98,691 equity shares respectively pursuant to the exercise of options under its Employee Stock Option/ Units Scheme. 6. Effective 1st April, 2024 the Bank has adopted the revised framework as detailed in RBI Master Direction on Classification, Valuation and Operation of Investment Portfolio issued on l ih September, 2023 ('RBI Investment transferred the balance in Investment Reserve Account as at 31st March, 2024 of ~242.29 crores to the general Direction 2023'). Accordingly, as prescribed under the transition provisions of the aforesaid framework the Bank has ( l) reserve) (2) transferred on amount of ~1,217.86 crores (net of tax) to the general reserve, resulting into increase in the net worth of the Bonk, on account of reversal of balance in provision for depreciation on investments as at 31 s1", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "PARTICULARS \nQUARTER \nQUARTER \nQUARTER \nYEAR \nYEAR \n. \nENDED \nENDED \nENDED \nENDED \nENDED \n31.03.2025 \n31.12.2024 \n31.03.2024 \n31.03.2025 \n31.03.2024", "subsection": "9. \nExceptional Items \n-\n-\n-\n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "964d934cdd638870"}, {"chunk_id": "56aecf1aa861cefa", "content": "net worth of the Bonk, on account of reversal of balance in provision for depreciation on investments as at 31 s1 revised framework and the previous carrying value as at 31 st March, 2024. March, 2024 and adjustment for the difference between the carrying value of its investment portfolio as per the Further, in compliance with the said RBI Investment Direction 2023, the valuation gains and losses at the period ended 31 s1 March, 2025, across all performing investments held under AFS are aggregated and the net appreciation amounting to ~1 10.39 crores (net of tax) has been directly recognised in AFS Reserve. The securities held in Fair Value through Profit and Loss ('FVTPL') are fair valued at the period ended 31'1 March, 2025 and the net gain/ (loss) of ~(l .53) crores and U00.51 crores for the quarter and year ended 31 ' 1 March, 2025 respectively,,arising on such valuation has been recognised in the Profit and Loss Account. Figures for the previous year are not comparable to that extent. 7. Pursuant to the RBI notification dated 29th March 2025, on revised norms for Government Gucironteed Security Receipts (SRs), in Q4FY25 the Bonk has reversed excess provision of ~800.65 crores to the Profit and Loss Account held on loans transferred to NARCL. 8. Details of loans not in default and stressed loans (NPA and SMA accounts) acquired and transferred during the year ended 31 st March,", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "PARTICULARS \nQUARTER \nQUARTER \nQUARTER \nYEAR \nYEAR \n. \nENDED \nENDED \nENDED \nENDED \nENDED \n31.03.2025 \n31.12.2024 \n31.03.2024 \n31.03.2025 \n31.03.2024", "subsection": "9. \nExceptional Items \n-\n-\n-\n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "964d934cdd638870"}, {"chunk_id": "efb25c3ae185799c", "content": "on loans transferred to NARCL. 8. Details of loans not in default and stressed loans (NPA and SMA accounts) acquired and transferred during the year ended 31 st March, 2025 under the RBI Master Direction on Transfer of Loan Exposures dated 24th September, 2021 are given below: a) Def oils of loans not in defoull o-:oulred from other entities· ~ Particulars Corporate segment Retail segment Mode of acquisition Assignment Assignment", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "PARTICULARS \nQUARTER \nQUARTER \nQUARTER \nYEAR \nYEAR \n. \nENDED \nENDED \nENDED \nENDED \nENDED \n31.03.2025 \n31.12.2024 \n31.03.2024 \n31.03.2025 \n31.03.2024", "subsection": "9. \nExceptional Items \n-\n-\n-\n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "964d934cdd638870"}, {"chunk_id": "4793ea1d39105bab", "content": "Aggregate principal outstanding of loans acquired t706.30 crores tl 27.05 crores Weighted average residual maturity 7.73 years 6.29 years Weighted average holding period Not Applicable Not Applicable Retention of beneficial economic interest by the Not Applicable 10% originator Coverage of tangible security (for secured loans) 83%secured Weighted average LlV -35% Rating-wise distribution# of loans acquired by value - A- and Above 97% Not Applicable # Represents 1ntemal rating - BBB and BBB+ 3% Not Applicable b) Details of loans not in default transferred to other entities· Mode of transfer Assignment and Novation - Particulars Corporate segment Retail segment Aggregate principal outstanding of loans t 16,072.15 crores - transferred Weighted average residual maturity Not Applicable - Weighted average holding period (for assignment 0.58 years - transactions) Retention of beneficial economic interest Nil - Coverage of tangible security (for secured loans) l 00% secured - - A- and Above 78% - Rating-wise distribution# of loans transferred by - value # Represents internal rating c) The Bank has not acquired ariy stressed loans (NPA and SMA accounts) during the year ended 31'1 March, 2025. d) Details of stressed loans transferred (excluding prudentially written off accounts) during the year ended 31 st March, 2025: (t in crores except number of accounts) 10 permittea To other transferees Aggregate principal outstanding of loans 1,284.76 transferred Weighted average residual tenor of thia loans N.A.", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "PARTICULARS \nQUARTER \nQUARTER \nQUARTER \nYEAR \nYEAR \n. \nENDED \nENDED \nENDED \nENDED \nENDED \n31.03.2025 \n31.12.2024 \n31.03.2024 \n31.03.2025 \n31.03.2024", "subsection": "-\n-\n-\n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3980cacee9042fd9"}, {"chunk_id": "06d28e39b8fa22de", "content": "(t in crores except number of accounts) 10 permittea To other transferees Aggregate principal outstanding of loans 1,284.76 transferred Weighted average residual tenor of thia loans N.A. transferred Net book value of the loans transferred (at the time - of transfer) Aggregate consideration• 1,479.76 Excess provision reversed to the profit and loss 1,127.49 account Additional consideration realized in respect of - accounts transferred in earlier v.ears • represents sum of cash plus redemption value of sec\\Jnty receipts received •• amount less than t50,000 e) During year ended 31 ' 1 March, 2025, the Bank has been allotted Security Receipts amounting to fl.215.47 crores pursuant to transfer of certain stressed loans to asset reconstruction companies. Details on recovery ratings assigned to Security Receipts as on 31\" March, 2025: Anticipated recovery Net Book Value Outstanding Recovery ratings as per recovery (f in crores) Redemption Value rating(%) (!!' in crores) RRl 121 17.09 17.09 RRl 127 45.02 45.02 RR2 77 16.62 16.62 RRl 150 40.13 40.13 Yet to be rated' 513.73 1,050.97 Yet to be rated' 164.50 164.50 1 Recent purchase whose statutory period has not elapsed Total 800.65 1,340.41 9. Details of resolution plans implemented under the RBI Resolution Framework for COVID-19 related stress as per RBI circular dated 6 11' August. 2020 (Resolution Framework 1.0) and 51h May 2021 (Resolution Framework 2.0) as at 31'1 March. 2025 are given below: {fin crores except number of occounlsl", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "PARTICULARS \nQUARTER \nQUARTER \nQUARTER \nYEAR \nYEAR \n. \nENDED \nENDED \nENDED \nENDED \nENDED \n31.03.2025 \n31.12.2024 \n31.03.2024 \n31.03.2025 \n31.03.2024", "subsection": "-\n-\n-\n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3980cacee9042fd9"}, {"chunk_id": "a1e4be1ffebc66b4", "content": "Exposure to accounts Of (A), aggregate Exposure to accounts classified classified as as Standard Standard consequent consequent to Type of borrower to implementation of debt that paid by the implementation of . resolution plan - slipped into written off borrowers resolution plan - Position as at NPA during during H2 during H2 Position as at 30.9.2024 (A)1 H2 FY25 FY25 FY25 2 31.3.2025 1 Personal loans3 l.T 60.93 23.73 2.94 112.96 1,021.30 Corporate persons 159.39 . . {27.99) 187.38 Of which MSMEs - - . . - Others - - . . - Total 1,320.32 23.73 2.94 84.97 1,208.68 1. Represents fund based outstanding balance of standard accounts 2. Represents net movement in balance outstanding 3. Personal loans represents retail advances 10. As on 31'1 March 2025, the Bank has 10 subsidiaries. 2 step-down subsidiaries and 1 associate. 1 I . The above results have been recommended by the Audit Committee and approved by the Boord of Directors of the Bank at its meeting held today. 12. These results for the quarter and year ended 31 '1 March, 2025 have been audited by the joint statutory avditors - M M Nissim & Co LLP. Chartered Accountants and KKC & Associates LLP, Chartered Accountants who have issued an unmodified audit report thereon. The results for Q4 FY2024 and FY2024 were reviewed/audited by erstwhile joint statutory auditors - M. P. Chitale & Co., Chartered Accountants and C N K & Associates LLP. Chartered Accountants on which they had issued an unmodified conclusion/opinion. 13.", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "Exposure to accounts \nOf (A), aggregate \nExposure to \naccounts classified \nclassified as \nas Standard \nStandard consequent \nconsequent to \nType of borrower \nto implementation of \ndebt that \npaid by the \nimplementation of \n. \nresolution plan -\nslipped into written off \nborrowers \nresolution plan -\nPosition as at \nNPA during during H2 \nduring H2 \nPosition as at \n30.9.2024 (A)1 \nH2 FY25 \nFY25 \nFY25\n2 \n31.3.2025 1", "subsection": "-\n368.72 \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3fe3b6f747c320dd"}, {"chunk_id": "1e9ed06bcb3e30af", "content": "P. Chitale & Co., Chartered Accountants and C N K & Associates LLP. Chartered Accountants on which they had issued an unmodified conclusion/opinion. 13. Previous period figures have been regrouped and reclassified, where necesmry, to make them comparable with current period figures. AUDITED STANDALONE CASH FLOW STATEMENT FOR THE YEAR ENDED 31°' MARCH, 2025 PARTICULARS YEAR YEAR ENDED ENDED 31.03.2025 31.03.2024 Cash flow from operating activities Net profit before taxes 34,346.58 33,060.07 Depreciation and amortisation on fixed assets, intangibles and goodwill 1.699.14 1,333.75 Mark-to-Market [gain)/loss on investments [700.51) [431.;34) Amortisation of premium/discount on investments 651.60 894.18 Provision for Non-Performing Assets [including bad debts)/restructured assets 11,355.28 6.452.82 Provision on standard assets and other contingencies 221.83 386.56 Dividend from Subsidiaries [24.58) [41.38) Employee Stock Options Expense 423.98 454.33 [lncrease)/Decrease in investments (12,869.73) [36,350.34) [lncrease)/Decrease in advances (87,321.52) [1,26,361.09) .. Increase /(Decrease) in deposits 1,04,310.63 1,21,696.18 [lncrease)/Decrease in other assets [6,315.68) 10,554.67 Direct taxes paid [7,487.17) (6,650.10) lr:icrease/[Decrease) in other liabilities & provisions 11,122.35 1,462.37 Net cash flow generated/(used} from operating activities 49,412.20 6,460.68 Purchase of fixed assets [2,328.16) [2,294.56) Cash flow from investing activities Purchase consideration for acquisition of Citi India Consumer Business [329.85)", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "Exposure to accounts \nOf (A), aggregate \nExposure to \naccounts classified \nclassified as \nas Standard \nStandard consequent \nconsequent to \nType of borrower \nto implementation of \ndebt that \npaid by the \nimplementation of \n. \nresolution plan -\nslipped into written off \nborrowers \nresolution plan -\nPosition as at \nNPA during during H2 \nduring H2 \nPosition as at \n30.9.2024 (A)1 \nH2 FY25 \nFY25 \nFY25\n2 \n31.3.2025 1", "subsection": "-\n368.72 \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3fe3b6f747c320dd"}, {"chunk_id": "9ff32f7554ed2f34", "content": "49,412.20 6,460.68 Purchase of fixed assets [2,328.16) [2,294.56) Cash flow from investing activities Purchase consideration for acquisition of Citi India Consumer Business [329.85) Increase in Investment in Subsidiaries/Associates [2,875.56) [300.87) [lncrease)/Decrease in Held to Maturity investments [47,170. l 0) (6,381.97) Decrease in Investment in Subsidiaries/ Associates 329.28 - Proceeds from sale of fixed assets 11.21 7.91 Dividend from Subsidiaries 24.58 41.38 Net cash generated/( used} in investing activities (52,008.75} (9,257.96} Repayment of subordinated debt, Additional Tier I instruments (net) (826.45) - Cash flow from financing activities lncrease/[Decrease) in borrowings (excluding subordinated debt, Additional Tier I instruments [11,838.78) 10,511.71 [net)) Proceeds from issue of share capital 2.16 l.94 Proceeds from share premium (net of share _issue expenses) 683.71 555.27 Payment of dividend [309.09) [307.98) Net cash generated/(used} from financing activities (12,288.45} 10,760.94 Effect of exchange fluctuation translation reserve 162.71 79.92 Net lncrease/(decrease} in cash and cash equivalents (14,722.29} · s,o43.5B Cash and cash equivalents at the beginning of the year 1,14,454.39 1,06,410.81 Note: Previous period figures have been regrouped and reclassified, where necessary, to make them comparable with current period figures. Cash and cash equivalents at the end of the year 99,732.10 1,14,454.39 Axis Bank Limited Segmental Results FOR THE FOR THE QUARTER QUARTER ENDED ENDED 31.03.2025 31.12.2024 FOR THE FOR THE FOR THE QUARTER YEAR YEAR", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "Exposure to accounts \nOf (A), aggregate \nExposure to \naccounts classified \nclassified as \nas Standard \nStandard consequent \nconsequent to \nType of borrower \nto implementation of \ndebt that \npaid by the \nimplementation of \n. \nresolution plan -\nslipped into written off \nborrowers \nresolution plan -\nPosition as at \nNPA during during H2 \nduring H2 \nPosition as at \n30.9.2024 (A)1 \nH2 FY25 \nFY25 \nFY25\n2 \n31.3.2025 1", "subsection": "-\n368.72 \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3fe3b6f747c320dd"}, {"chunk_id": "72f70e48da3ead78", "content": "Cash and cash equivalents at the end of the year 99,732.10 1,14,454.39 Axis Bank Limited Segmental Results FOR THE FOR THE QUARTER QUARTER ENDED ENDED 31.03.2025 31.12.2024 FOR THE FOR THE FOR THE QUARTER YEAR YEAR ENDED ENDED ENDED 31.03.2024 31.03.2025 31.03.2024 (Audited (Unaudited) refer note 2) (Audited (Audited) (Audited) refer note 2) 8.160.41 29.912.45 28,931 .17 Corporate/Wholesale Banking 11 .717.55 11.667.05 32,919.41 1.40,928.29 1,22.223.60 11.538.14 46,580.34 44.212.66 b) Other Retail Banking 25,451.85 1,06.607. 93 96,106.79 7,467.56 34,320.36 26,116.81 Other Banking Business 1,220.76 4,721.51 3,584.10 53,838.72 2,22,511.31 1, 98,951.53 Less : Inter segment revenue 17,848.39 74,577.21 67,140.94 Income from Operations 35,990.33 1.47,934.10 1,31,810.59 Segment Results Alter Provisions & Before Tax 2,151.30 7,172.73 6,229.13 Corporate/Wholesale Banking 3,006.15 12,364.07 13,262.58 3,090.87 9,949.26 l 0,215.41 680.50 2,198.10 1,122.87 b) Other Retail Banking 2,410.37 7,751.16 9,092.54 Other Banking Business 1.102.07 4.463.14 3,352.95 Total Profit Before Tax 9,350.39 34,346.58 33,060.07 5,38,714.45 4,80,245.02 4,84,536.90 5,38,714.45 4,84,536.90 Corporate/Wholesale Banking 4,25,365.09 4, 12,513.82 3,85, 984.29 4,25,365.09 3,85, 984.29 1,27.728.56 1,24,241.98 6.38.342.62 6,24,51 0.89 1,07, 119.17 1,27,728.56 1,07, 119.17 5,99,561.94 6,38,342.62 5,99,561.94 b) Other Retail Banking 5, 10,614.06 5,00.268.91 4, 92,442.77 5. 10,614.06 4, 92,442.77 Other Banking Business 6,064.10 6,730.98 6,064.10 1,061.37 776.74 1,061.37 16,09,929.88 15,25,711.88 14,77,208.60 16,09, 929.88 14,77,208.60 2,61,334.83 2,64, 141.72 2,61.497.26 2,61,334.83 2,61,497.26 Corporate/Wholesale Banking 9,29,025.31 8,82,693.63", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "Exposure to accounts \nOf (A), aggregate \nExposure to \naccounts classified \nclassified as \nas Standard \nStandard consequent \nconsequent to \nType of borrower \nto implementation of \ndebt that \npaid by the \nimplementation of \n. \nresolution plan -\nslipped into written off \nborrowers \nresolution plan -\nPosition as at \nNPA during during H2 \nduring H2 \nPosition as at \n30.9.2024 (A)1 \nH2 FY25 \nFY25 \nFY25\n2 \n31.3.2025 1", "subsection": "-\n368.72 \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3fe3b6f747c320dd"}, {"chunk_id": "2914605c43a88620", "content": "6,064.10 6,730.98 6,064.10 1,061.37 776.74 1,061.37 16,09,929.88 15,25,711.88 14,77,208.60 16,09, 929.88 14,77,208.60 2,61,334.83 2,64, 141.72 2,61.497.26 2,61,334.83 2,61,497.26 Corporate/Wholesale Banking 9,29,025.31 8,82,693.63 2.32,94.1.73 2,00, l 03.49 8,32,925.31 9,29,025.31 8,32,925.31 2,26,266.46 2,32, 9 4 l .73 2,26,266.46 1,74,174.82 1,64, 168.33 1.24, 919.44 1,74, 174.82 1,24, 919.44 Other Banking Business b) Other Retail Banking 7,54,850.49 7, 18,525.30 7,08.005.87 7,54,850.49 7,08,005.87 6,222.31 7.9~6.58 6,222.31 Capital and Other Reserves 14,31,312.94 13,54,433.20 1,78,616. 94 1,71,278.68 13,26, 973.60 14,31,312.94 13,26, 973.60 1,50,235.00 1,78,616.94 1,50,235.00 16,09, 929 .88 15,25,711.88 14,77,208.60 16,09,929.88 14,77,208.60 In accordance with RBI circular DOR.AUT.REC. l 2/'22.0 I .00 I /2022-23 dated 7'h April. 20'22 on Establishment of Digital Banking Units, the Bank has presented 'Digital Banking' as a sui>-segment of the Retail Banking segment. Previous period figures have been regrouped and reclassified, where necessary, to make them comparable with current period figures. AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31 8T MARCH, 2025 FOR THE FOR THE FOR THE FOR THE FOR THE PARTICULARS QUARTER QUARTER QUARTER YEAR YEAR ENDED ENDED ENDED ENDED ENDED 31.03.2025 31.12.2024 31.03.2024 31 ,03.2025 31.03.2024 (Audited (Unaudited) (Audited (Audited) (Audited) refer note 4) refer note 4) l. Interest earned (a)+(b)+(c)+(d) 32.452.32 32,\"162.20 30,230.58 1,27,374.09 l, 12,759.05 (a) Interest/discount on advances/bills 25,709.06 25,767.71 24,296.91 1,01 ,582.06 90,314.02", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "Exposure to accounts \nOf (A), aggregate \nExposure to \naccounts classified \nclassified as \nas Standard \nStandard consequent \nconsequent to \nType of borrower \nto implementation of \ndebt that \npaid by the \nimplementation of \n. \nresolution plan -\nslipped into written off \nborrowers \nresolution plan -\nPosition as at \nNPA during during H2 \nduring H2 \nPosition as at \n30.9.2024 (A)1 \nH2 FY25 \nFY25 \nFY25\n2 \n31.3.2025 1", "subsection": "-\n368.72 \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3fe3b6f747c320dd"}, {"chunk_id": "bc21f43443aba6d0", "content": "(b) Income on Investments 6,130.05 5,840.81 5,368.86 23,057.01 20,082.39 (c) Interest on balances with Reserve Bank of 296.96 292.89 261.l 0 1,243.23 923.74 India and other inter-bank funds (d) Others 316.25 260.79 303.71 1,491.79 1.438.90 2. Other Income 7,505.72 6,796.97 7,605.52 28,542.77 25,230.31 3: TOTAL INCOME (1+2) 39,958.04 38,959.17 37,836.10 1,55,916.86 1,37,989.36 4. Interest Expended 18,120.71 18,039.68 16,727.24 71,036.31 61,390.74 5. Operating expenses (i)+(ii) 10,392.28 9,672.75 9,907.21 39,992.04 37,242.55 (i) Employees cost 3,340.00 3,353.82 3,283.04 13,661.28 12,193.68 (ii) Other operating expenses 7,052.28 6,318.93 6,624.17 26,330.76 25,048.87 6. TOTAL EXPENDITURE (4+5) (Excluding Provisions 28,512.99 27,712.43 26,634.45 l , 11 ,028.35 98,633.29 and Contingencies) 7. OPERATING PROFIT (3-6) 11.445.05 11,246.74 11,201.65 44,888.51 39,356.07 (Profit before Provisions & Contingencies) 8. Provisions (other than tax) and Contingencies 1,550.28 2,239.98 1,216.78 8,166.35 4,178.07 (Net) 9. Exceptional Items - - - - - 10. Profit/(Loss) from Ordinary Activities before Tax 9,894.77 9,006.76 9,984.87 36,722.16 35,178.00 (7-8-9) 11. Tax expense 2.405.06 2,243.66 2,371.32 8,610.41 8,754.46 12. Net Profit/(Loss) from Ordinary Activities after 7,489.71 6,763.10 7,613.55 28, l l l.74 26.423.54 Tax (10-11) 13. Extraordinary Items (net of tax expense) - - - - - 14. Net Profit/(Loss) for the period ( 12-13) 7,489.71 6,763.10 7,613.55 28,111.74 26.423.54 15, Share in Profit/(Loss) of Associate 19.39 15.81 16.52 79.06 68.71 16.", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "Exposure to accounts \nOf (A), aggregate \nExposure to \naccounts classified \nclassified as \nas Standard \nStandard consequent \nconsequent to \nType of borrower \nto implementation of \ndebt that \npaid by the \nimplementation of \n. \nresolution plan -\nslipped into written off \nborrowers \nresolution plan -\nPosition as at \nNPA during during H2 \nduring H2 \nPosition as at \n30.9.2024 (A)1 \nH2 FY25 \nFY25 \nFY25\n2 \n31.3.2025 1", "subsection": "-\n368.72 \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b8f5586cd9b1d131"}, {"chunk_id": "d6e7a079cd7682c1", "content": "- - - - - 14. Net Profit/(Loss) for the period ( 12-13) 7,489.71 6,763.10 7,613.55 28,111.74 26.423.54 15, Share in Profit/(Loss) of Associate 19.39 15.81 16.52 79.06 68.71 16. Share of (Profit)/Loss of Minority Shareholders (33.97) (36.62) (31.03) (135.69) (106.05) 17. Consolidated Net Profit/(Loss) for the Group 7.475.13 6,742.29 7,599.04 28,055.11 26.386.20 (14+ 15+ 16) 18. Paid-up equity share capital 619.47 619.03 617.31 619.47 617.31 (Face value t2/- per·share) 19. Reserves excluding revaluation reserves l ,85.433.36 1,55,51 l .72 20. Analytical Ratios and other disclosures (i) Percentage of Shares held by Government Nil Nil Nil Nil Nil of India (ii) Earnings per Share (EPS) for the period/year", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "Exposure to accounts \nOf (A), aggregate \nExposure to \naccounts classified \nclassified as \nas Standard \nStandard consequent \nconsequent to \nType of borrower \nto implementation of \ndebt that \npaid by the \nimplementation of \n. \nresolution plan -\nslipped into written off \nborrowers \nresolution plan -\nPosition as at \nNPA during during H2 \nduring H2 \nPosition as at \n30.9.2024 (A)1 \nH2 FY25 \nFY25 \nFY25\n2 \n31.3.2025 1", "subsection": "-\n368.72 \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b8f5586cd9b1d131"}, {"chunk_id": "a4045eae566697ab", "content": "~ 1071221~ ~ * I * W100672 * I • ~(!MB~ - ~MUMBAI~ - .,. 1 . Consolidated Statement of Assets and Liabilities is given below: As on 31.03.2025 As on 31.03.2024 Particulars (Audited) (Audited) Capital 619.47 617.31 CAPITAL AND LIABILITIES Employees' Stock Options Outstanding 1,182.66 894.49 Reserves and Surplus 1 ,85.433.36 1 ,55,511 .72 Minority Interest 635.13 499.44 Deposits 11 ,70,920.89 10,67,102.40 Borrowings 2,20,686.75 2,28,199.55 Other Liabilities and Provisions 77.484.35 65,413.62 TOTAL 16,56, 962.61 15, 18,238.53 Balances with Banks and Money at Call and Short Notice 29,060.26 30.415.69 Cash and Balances with Reserve Bank of India 73,638.44 86,077.49 Investments 3,96,685.07 3,32,353.7 4 Fixed Assets 6.492.08 5,837.56 Advances 10,81 ,229.47 9,99,333.48 Goodwill on Consolidation 289.24 289.24 Other Assets 69,568.05 63,931.33 TOTAL 16,56, 962.61 15, 18,238.53 2. The above results represent the consolidated financial results of Axis Bank Limited and its subsidiaries & associate. As on 31st March 2025, the Bank has 1 0 subsidiaries, 2 step-down subsidiaries and 1 associate. 3. The above results are prepared in accordance with the principles set out in Accounting Standard 21 - Consolidated Financial Statements and Accounting Standard 23 - Accounting for Investments in Associates in Consolidated Financial Statements as notified under Section 133 of the Companies Act, 2013. 4. The figures of the la.st quarter in each of the financial years are the balancing figures between audited figures in", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "~ 1071221~ \n~ \n* \nI * W100672 * I \n• \n~(!MB~ \n-\n~MUMBAI~ \n-\n.,.", "subsection": "1,243.93 \n5,101.77 \n3,888.45 \n-\n397.38 \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e4546720e46845ba"}, {"chunk_id": "651331a0945fcfda", "content": "4. The figures of the la.st quarter in each of the financial years are the balancing figures between audited figures in respect of the full financial year and the published/ unaudited year to date figures upto the end of the third quarter of the respective financial year. 5. The financial statements of certain subsidiaries have been prepared in accordance with notified Indian Accounting Standards ('Ind-AS') with effect from 1s1 April, 2018. The financial statements of such subsidiaries used Accounting Principles in India ('GAAP') specified under section 133 of the Companies Act, 2013 read together with for consolidation are special purpose financial statements prepared in accordance with Generally Accepted paragraph 7 of the Companies (Accounts) Rules, 2014 and the Companies (Accounting Standards) Amendment 6. Effective l st April, 2024 the Bank has adopted the revised framework as detailed in RBI Master Direction Classification, Valuation and Operation of Investment Portfolio issued on 1 ih September, 2023 ('RBI Investment Direction 2023'). Accordingly, as prescribed under the transition provisions of the aforesaid framework the Bank ho (l) transferred the balance in Investment Reserve Account as at 31st March, 2024 of f242.29 crores to the general reserve) (2) transferred an amount of fl ,217.86 crores (net of tax) to the general reserve, resulting into increase in", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "~ 1071221~ \n~ \n* \nI * W100672 * I \n• \n~(!MB~ \n-\n~MUMBAI~ \n-\n.,.", "subsection": "1,243.93 \n5,101.77 \n3,888.45 \n-\n397.38 \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e4546720e46845ba"}, {"chunk_id": "db84ea5737697163", "content": "reserve) (2) transferred an amount of fl ,217.86 crores (net of tax) to the general reserve, resulting into increase in the net worth of the Bank, on account of reversal of balance in provision for depreciation on investments as at 31 st revised framework and the previous carrying value as at 31 st March, 2024. March, 2024 and adjustment for the difference between the carrying value of its investment portfolio as per the Further, in compliance with the said RBI Investment Direction 2023, the valuation gains and losses at the period ended 3ls1 March, 2025, across all performing investments held under AFS are aggregated and the net appreciation amounting to fl l 0.39 crores (net of tax) has been directly recognised in AFS Reserve. The securities held in Fair Value through Profit and Loss ( 'FVTPL') are fair valued at the period ended 31 st March, 2025 and the net gain/ (loss) of f( l.53) crores and V00.51 crores for the quarter and year ended 31 st March, 2025 respectively, arising on such valuation has been recognised in the Profit and Loss Account. Figures for the previous year are not AUDITED CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31)' MARCH, 2025 (? in crores) PARTICULARS YEAR YEAR ENDED ENDED 31.03.2025 31.03.2024 Cash flow from operating activities Net profit before taxes 36,586.47 35,071.95 Depreciation and amortisation on fixed assets, intangibles and goodwill 1,766.97 1,388.46 Mark-to-Market (gain)/loss on investments (700.52)", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "~ 1071221~ \n~ \n* \nI * W100672 * I \n• \n~(!MB~ \n-\n~MUMBAI~ \n-\n.,.", "subsection": "1,243.93 \n5,101.77 \n3,888.45 \n-\n397.38 \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e4546720e46845ba"}, {"chunk_id": "3156f2b9b148db33", "content": "Cash flow from operating activities Net profit before taxes 36,586.47 35,071.95 Depreciation and amortisation on fixed assets, intangibles and goodwill 1,766.97 1,388.46 Mark-to-Market (gain)/loss on investments (700.52) (431.32) Amortisation of premium on Held to Maturity investments 651.60 894.18 Provision for Non-Performing Assets (including bad debts)/restructured assets 11,643.69 6,533.43 Provision on standard assets and other contingencies 360.15 428.57 Employee Stock Options Expense 430.54 519.57 (lncrease)/Decrease in investments (13,441.73) (38,129.02) Increase /(Decrease) in deposits 1,03,818.49 1,21 ,277 .69 (lncrease)/Decrease in advances (93,762.98) ( 1,37 ,622. l 0) (lncrease)/Decrease in other assets (5.449.90) 9,145.17 lncrease/(Decrease) in other liabilities & provisions 10,628.91 2,599.86 Direct taxes paid (8,148.01) (7,231.11) Net cash flow generated/(used) from operating activities 44,383.68 (5,554.67) Cash flow from Investing activities Purchase of fixed assets (2,445.54) (2,385.41) Purchase consideration for acquisition of Cili India Consumer Business - (329.85) (lncrease)/Decrease in Held to Maturity investments (47,170.10) (6,381.97) Increase in investment in Associate (1,612.00) - Proceeds from sale of fixed assets 12.51 9.07 Net cash generated/(used) In investing activities (51,215.13) (9,088.16) Repayment of subordinated debt, Additional Tier I instruments (826.45) - Cash flow from financing activities lncrease/(Decrease) in borrowings (excluding subordinated debt, Additional Tier I instruments (6,686.35)", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "~ 1071221~ \n~ \n* \nI * W100672 * I \n• \n~(!MB~ \n-\n~MUMBAI~ \n-\n.,.", "subsection": "1,243.93 \n5,101.77 \n3,888.45 \n-\n397.38 \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e4546720e46845ba"}, {"chunk_id": "a81c6f7027b55d1b", "content": "(826.45) - Cash flow from financing activities lncrease/(Decrease) in borrowings (excluding subordinated debt, Additional Tier I instruments (6,686.35) 21,985.98 (net)) Proceeds from issue of share capital 2.16 1.94 Payment of dividend (309.09) (307.98) Proceeds from share premium (net of share issue expenses) 683.68 555.26 Increase in minority interest 135.69 106.0.5 Net cash generated/(used) from financing acttvities (7,000.36) 22,341.25 Effect of exchange fluctuation translation reserve 37.33 86.83 Net increase/(decrease) in cash and cash equivalents (13,794.48) 7,785.25 Cash and cash equivalents at the beginning of the year 1, 16,493.18 1,08,707.93 Cash and cash equivalents at the end of the year 1,02,698.70 1,16,493.18 . . Note : frev1ous period figures have been regrouped and reclassified, where necessary, to make them comparable with current period figures. Axis Bank Limited Group Segmental Results (t in crores) FOR THE FOR THE FOR THE QUARTER YEAR YEAR ENDED ENDED ENDED 31.03.2024 31.03.2025 31.03.2024 (Audited (Audited) (Audited) refer note 41 FOR THE FOR THE QUARTER QUARTER ENDED ENDED 31.03.2025 31.12.2024 (Audited (Unaudited) refer note 4 l 8,681.34 32,352,04 30,724.62 B Corporate/Wholesale Banking 33,833.31 1,44,750.55 1,25,098.41 12,144.95 49,360.79 46,387.04 7,467.56 34,320.36 26,116.81 D Other Banking Business b} Other Retail Banking 26,365.75 1, 10,430.19 98,981.60 1,507.50 5,961.33 4,637.76 - 368.72 - Less : Inter segment revenue 56,167.10 2,32,793.43 2,06,847.83 18,331.00 76,876.57 68,858.47 Income from Operations 37,836.10 1,55, 916.86 1,37, 989.36 2", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "~ 1071221~ \n~ \n* \nI * W100672 * I \n• \n~(!MB~ \n-\n~MUMBAI~ \n-\n.,.", "subsection": "1,243.93 \n5,101.77 \n3,888.45 \n-\n397.38 \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e4546720e46845ba"}, {"chunk_id": "f46e784d9927a249", "content": "26,365.75 1, 10,430.19 98,981.60 1,507.50 5,961.33 4,637.76 - 368.72 - Less : Inter segment revenue 56,167.10 2,32,793.43 2,06,847.83 18,331.00 76,876.57 68,858.47 Income from Operations 37,836.10 1,55, 916.86 1,37, 989.36 2 Segment Results After Provisions & Before Tax 2,145.31 7,195.64 6,233.85 B Corporate/Wholesale Banking 3,208.36 13,235.12 14,012.30 3,387.27 10,792.25 11,043.40 680.50 2,198.10 1,122.87 b/ Other Retail Banking 2,706.77 8,594.15 9,920.53 D Other Banking Business 1,243.93 5,101.77 3,888.45 - 397.38 - Total Profit Before Tax 9,984.87 36,722.16 35,178.00 5,35,932.97 4,77,579.47", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "~ 1071221~ \n~ \n* \nI * W100672 * I \n• \n~(!MB~ \n-\n~MUMBAI~ \n-\n.,.", "subsection": "1,243.93 \n5,101.77 \n3,888.45 \n-\n397.38 \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e4546720e46845ba"}, {"chunk_id": "9820a44f9f477c44", "content": "4,83,031 .79 5,35,932.97 4,83,031.79 B Corporate/Wholesale Banking 6,65,531.08 6,51 ,358.96 4,45,384.54 4,31,954.55 6,22,303.99 6,65,531.08 6,22,303.99 4,03,661. 11 4,45,384.54 4,03,661 .11 b) Other Retail Banking 1,27,728.56 1,24,241.98 1,07, 119.17 1,27,728.56 1,07, 119.17 D Other Banking Business 5,37,802.52 5,27, 116.98 5, 15,184.82 5,37,802.52 5, 15,184.82 3,036.43 3,224.78 3,036.43 16,56, 962.61 15,71,793.85 15, 18,238.53 16,56, 962.61 15, 18,238.53 6,205.21 6,889.24 6,205.21 4 Segment Liabilities B Corporate/Wholesale Banking 2,94,035.21 2,94,998.60 2,33,574.59 2,01 ,098.89 2,88,601 .26 2,94,035.21 2,88,601.26 2,27,564.39 2,33,574.59 2,27,564.39 9,34,389.64 8,88,960.60 1,24,919.44 1,74, 174.82 1,24, 919.44 8,38,911.94 9,34,389.64 8,38,911.94 b) Other Retail Banking 7,60,214.82 7,24,792.27 1,74, 174.82 1,64, 168.33 7, 13,992.50 7,60,214.82 7, 13,992.50 D Other Banking Business 6,797.36 8,679.12 6,797.36 234.55 231 .22 234.55 14,70,909.78 13, 93,415.25 13,62, 109 .50 14,70,909.78 13,62, 109 .50 5 Capital and Other Reserves 16,56, 962.61 15,71,793.85 1,86,052.83 1,78,378.60 15, 18,238.53 16,56, 962.61 15, 18,238.53 1,56,129.03 1,86,052.83 1,56,129.03 I In accordance with RBI circular DOR,AUT.REC.12/22.0 I.OD l /2022-23 dated 7 10 April, 2022 on Establishment of Digital Banking Units, the Bank has II Business segments in respect of operations of the subsidiaries have been identified and reported taking into account the customer profile. nature of presented 'Digital Banking' as a sub-segment of the Retail Banking segment. product and services and the organization structure. Ill", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "~ 1071221~ \n~ \n* \nI * W100672 * I \n• \n~(!MB~ \n-\n~MUMBAI~ \n-\n.,.", "subsection": "1,243.93 \n5,101.77 \n3,888.45 \n-\n397.38 \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "21b9e0a15ef260fa"}, {"chunk_id": "5a281797f0dee8c1", "content": "l(o\" behoO of the Boo«t Place: Mumbai Date: 241h April, 2025 www.axisbank com M M Nissim & Co LLP Chartered Accountants KKC & Associates LLP Chartered Accountants Barodawala Mansion, (formerly Khimji Kunverji & Co LLP) Level-19, Sunshine Tower, 3rd Floor, 81, Dr. Annie Beasant Road, Worli, Senapati Bapat Marg, Elphinstone Road, Mumbai 400 018 Mumbai 400 013 Independent Auditor's report on the annual standalone financial results of Axis Bank Limited under Regulation 33 and Regulation 52 read with Regulation 63(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To The Board of Directors of Axis Bank Limited 1. We have audited the accompanying Standalone Financial Results of Axis Bank Limited ('the Bank') for the year ended 31 March 2025, being submitted by the Bank pursuant to the requirement of Regulation 3 3 and Regulation 52 read with Regulation 63(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (' Listing Regulations') except ~or the disclosures relating to standalone Pillar 3 disclosure as at 31 March 2025, including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel III Capital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in the Standalone Financial Results and have not been audited by us. 2.", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "l(o\" behoO of the Boo«t", "subsection": "4. \nThese Standalone Financial Results have been compiled from the standalone annual audited financial \nstatements. The Bank's Board of Directors are responsible for the preparation and presentation of these \nStandalone Financial Results that gives a true and fair view of the net profit after tax and other financial \ninformation of the Bank in accordance with the recognition and measurement principles laid down in AS \nspecified under section 133 of the Act read with relevant rules issued thereunder, the relevant provisions of \nthe Banking Regulation Act, 1949, the circulars, guidelines and directions issued by RBI, RBI Guidelines, \nand other accounting principles generally accepted in India and in compliance with the Listing Regulations. \nThis responsibility also includes maintenance of adequate records in accordance with the provision of the Act \n/ Banking Regulation A • \n49 for safeguarding of the assets oft \nd for preventing and detecting \nfrauds and other • \nM \nselection and application of'-#,ajj~~~t.: counting policies; making \njudgments and e, \nef:RP/. \n~ • easonable and prudent; andnm:11~J;1,..Ull,;li\\l\"~ntation and maintenance of", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "74ec84759dcd0c39"}, {"chunk_id": "2c5ba61b73fc6edb", "content": "which a link has been provided in the Standalone Financial Results and have not been audited by us. 2. In our opinion and to the best of our information and according to the explanations given to us, the aforesaid Standalone Financial Results: 2 .1. are presented in accordance with the requirements of the Listing Regulations, except for the disclosures relating to Pillar 3 disclosure as at 31 March 2025 including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel III Capital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in the Standalone Financial Results and have not been audited by us; and 2.2. give a true and fair view, in conformity with the recognition and measurement principles laid down in the Accounting Standards ('AS'),the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bank oflndia ('the RBI') from time to time ('RBI Guidelines'), and other accounting principles generally accepted in India, of the net profit and other financial information for the year ended 31 March 2025. 3. We conducted our audit in accordance with the Standards on Auditing ('SAs') specified under section 143(10) of the Companies Act, 2013 ('the Act'). Our responsibilities unde{those SAs are further described in the", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "l(o\" behoO of the Boo«t", "subsection": "4. \nThese Standalone Financial Results have been compiled from the standalone annual audited financial \nstatements. The Bank's Board of Directors are responsible for the preparation and presentation of these \nStandalone Financial Results that gives a true and fair view of the net profit after tax and other financial \ninformation of the Bank in accordance with the recognition and measurement principles laid down in AS \nspecified under section 133 of the Act read with relevant rules issued thereunder, the relevant provisions of \nthe Banking Regulation Act, 1949, the circulars, guidelines and directions issued by RBI, RBI Guidelines, \nand other accounting principles generally accepted in India and in compliance with the Listing Regulations. \nThis responsibility also includes maintenance of adequate records in accordance with the provision of the Act \n/ Banking Regulation A • \n49 for safeguarding of the assets oft \nd for preventing and detecting \nfrauds and other • \nM \nselection and application of'-#,ajj~~~t.: counting policies; making \njudgments and e, \nef:RP/. \n~ • easonable and prudent; andnm:11~J;1,..Ull,;li\\l\"~ntation and maintenance of", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "74ec84759dcd0c39"}, {"chunk_id": "63b42adf2eb89655", "content": "of the Companies Act, 2013 ('the Act'). Our responsibilities unde{those SAs are further described in the Auditor's Responsibilities for the Audit of the Standalone Financial Results section of our report. We are independent of the Bank in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the Standalone Financial Results, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion. Board of Directors' Responsibility for the Standalone Financial Results 4. These Standalone Financial Results have been compiled from the standalone annual audited financial statements. The Bank's Board of Directors are responsible for the preparation and presentation of these Standalone Financial Results that gives a true and fair view of the net profit after tax and other financial information of the Bank in accordance with the recognition and measurement principles laid down in AS specified under section 133 of the Act read with relevant rules issued thereunder, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by RBI, RBI Guidelines,", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "l(o\" behoO of the Boo«t", "subsection": "4. \nThese Standalone Financial Results have been compiled from the standalone annual audited financial \nstatements. The Bank's Board of Directors are responsible for the preparation and presentation of these \nStandalone Financial Results that gives a true and fair view of the net profit after tax and other financial \ninformation of the Bank in accordance with the recognition and measurement principles laid down in AS \nspecified under section 133 of the Act read with relevant rules issued thereunder, the relevant provisions of \nthe Banking Regulation Act, 1949, the circulars, guidelines and directions issued by RBI, RBI Guidelines, \nand other accounting principles generally accepted in India and in compliance with the Listing Regulations. \nThis responsibility also includes maintenance of adequate records in accordance with the provision of the Act \n/ Banking Regulation A • \n49 for safeguarding of the assets oft \nd for preventing and detecting \nfrauds and other • \nM \nselection and application of'-#,ajj~~~t.: counting policies; making \njudgments and e, \nef:RP/. \n~ • easonable and prudent; andnm:11~J;1,..Ull,;li\\l\"~ntation and maintenance of", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "74ec84759dcd0c39"}, {"chunk_id": "9f038a6abafa1778", "content": "the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by RBI, RBI Guidelines, and other accounting principles generally accepted in India and in compliance with the Listing Regulations. This responsibility also includes maintenance of adequate records in accordance with the provision of the Act / Banking Regulation A • 49 for safeguarding of the assets oft d for preventing and detecting frauds and other • M selection and application of'-#,ajj~~~t.: counting policies; making judgments and e, ef:RP/. ~ • easonable and prudent; andnm:11~J;1,..Ull,;li\\l\"~ntation and maintenance of", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "l(o\" behoO of the Boo«t", "subsection": "4. \nThese Standalone Financial Results have been compiled from the standalone annual audited financial \nstatements. The Bank's Board of Directors are responsible for the preparation and presentation of these \nStandalone Financial Results that gives a true and fair view of the net profit after tax and other financial \ninformation of the Bank in accordance with the recognition and measurement principles laid down in AS \nspecified under section 133 of the Act read with relevant rules issued thereunder, the relevant provisions of \nthe Banking Regulation Act, 1949, the circulars, guidelines and directions issued by RBI, RBI Guidelines, \nand other accounting principles generally accepted in India and in compliance with the Listing Regulations. \nThis responsibility also includes maintenance of adequate records in accordance with the provision of the Act \n/ Banking Regulation A • \n49 for safeguarding of the assets oft \nd for preventing and detecting \nfrauds and other • \nM \nselection and application of'-#,ajj~~~t.: counting policies; making \njudgments and e, \nef:RP/. \n~ • easonable and prudent; andnm:11~J;1,..Ull,;li\\l\"~ntation and maintenance of", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "74ec84759dcd0c39"}, {"chunk_id": "65bc70033462a3af", "content": "~ 101122w i W,100672 * M M Nissim & Co LLP Chartered Accountants KKC & Associates LLP Chartered Accountants (formerly Khimji Kunverji & Co LLP) adequate internal financial controls that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Standalone Financial Results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which has been used for the purpose of preparation of the standalone financial results by the Directors of the Bank, as aforesaid. 5. In preparing the standalone financial results, the Board of Directors is responsible for assessing the Bank's ability to continue as a going concern, disclosing, as applicable. matters related to going concern, and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Bank or to cease operations or has no realistic alternative but to do so. 6. The Board of Directors is also responsible for overseeing the Bank's financial reporting process. Auditor's Responsibilities for the Audit of the Standalone Financial Results 7. Our objectives are to obtain reasonable assurance about whether the standalone financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion.", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "~ 101122w \ni W,100672 *", "subsection": "Opinion", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "02a28a973395e88b"}, {"chunk_id": "5aae7b0485df7d09", "content": "are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone financial results. 8. As part of an audit in accordance with the SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: 8 .1. Identify and assess the risks of material misstatement of the standalone financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. 8 .2. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "~ 101122w \ni W,100672 *", "subsection": "Opinion", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "02a28a973395e88b"}, {"chunk_id": "ee5ae6af8df9d5b8", "content": "Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Bank has adequate internal financial controls with reference to standalone financial statements in place and the operating effectiveness of such controls. 8.3. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors. 8.4. Conclude on the appropriateness of the Board of Directors' use of the going concern b.asis of acc'ounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Bank's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the standalone financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Bank to cease to continue as a going concern. 8.5. Evaluate the overall presentation, structure and content of the standalone financial results, including the", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "~ 101122w \ni W,100672 *", "subsection": "Opinion", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "02a28a973395e88b"}, {"chunk_id": "d081d75a13120db1", "content": "8.5. Evaluate the overall presentation, structure and content of the standalone financial results, including the disclosures, and whether the standalone financial results represent the underlying transactions and events in a manner that achieves fair presentation. 9. We communicate with those charged with governance regarding, among other matters, the planned Scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. 10. We also provide those charged with governance with a statement that we have complied with .relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. M M Nissim & Co LLP Chartered Accountants KKC & Associates LLP Chartered Accountants (formerly Khimji Kunverji & Co LLP) 11. The Standalone Financial Results include the result for the quarter ended ,31 March 2025, being the balancing figures between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review by us. 12. The Standalone Financial Results dealt with by this report have been prepared for the express purpose of", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "~ 101122w \ni W,100672 *", "subsection": "Opinion", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "02a28a973395e88b"}, {"chunk_id": "0ba86c03d829e2f6", "content": "12. The Standalone Financial Results dealt with by this report have been prepared for the express purpose of filing with National Stock Exchange oflndia Limited and BSE Limited. These results are based on and should be read with the Audited Standalone Financial Statements of the Bank, for the year ended 31 March 2025 on which we have issued an unmodified audit opinion vide our report dated 24 April 2025. Attention is drawn to the fact that the standalone financial results of the Bank for the corresponding quarter and year ended 31 March 2024 were audited by predecessor auditors whose report dated 24 April 2024 expressed an unmodified opinion on those financial results. Our opinion is not modified in respect of these matters. For MM Nissim & Co LLP Chartered Accountants Firm Registration Number: 107122W/ Wl00672 For KKC & Associates LLP Chartered Accountants (formerly Khimji Kunverji & Co LLP) Firm Registration Number: 105146W/W100621 Sanjay Khemani Partner ICAl Membership No.: 044577 UDIN: 25044577BMOBDS4257 Partner ICAl Membership No.: 117348 UDIN: 25 l l 7348BMOBBV5826 Place: Mumbai Date: 24 April 2025 Place: Mumbai Date: 24 April 2025 M M Nissim & Co LLP Chartered Accountants KKC & Associates LLP Chartered Accountants Barodawala Mansion, (formerly Khimji Kunverji & Co LLP) Level-19, Sunshine Tower, 3rd Floor, 8 I, Dr. Annie Beasant Road, Worli, Senapati Bapat Marg, Elphinstone Road, Mumbai 400 018 Mumbai 400 013", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "~ 101122w \ni W,100672 *", "subsection": "Opinion", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "02a28a973395e88b"}, {"chunk_id": "255e4e67b9146c99", "content": "Chartered Accountants Barodawala Mansion, (formerly Khimji Kunverji & Co LLP) Level-19, Sunshine Tower, 3rd Floor, 8 I, Dr. Annie Beasant Road, Worli, Senapati Bapat Marg, Elphinstone Road, Mumbai 400 018 Mumbai 400 013 Independent Auditor's Report on the annual consolidated financial results of Axis Bank Limited under Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To The Board of Directors of Axis Bank Limited 1. We have audited the accompanying Consolidated Financial Results of Axis Bank Limited ('the Parent' or 'the Bank') and its subsidiaries (the Parent and its subsidiaries together referred to as", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "~ 101122w \ni W,100672 *", "subsection": "Opinion", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "02a28a973395e88b"}, {"chunk_id": "d6158ed3fcecb0fe", "content": "'the Group') and its associate for the year ended 31 March 2025, being submitted by the Bank pursuant to the requirement of Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations') except for the disclosures relating to consolidated Pillar 3 disclosure as at 31 March 2025, including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel III Capital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in the Consolidated Financial Results and have not been audited by us. 2. In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of reports of other auditors on separate aud-ited financial statements of the subsidiaries and the management's be§t estimate of the financial information of associate, the aforesaid Consolidated Financial Results: 2.1. includes the financial result of the entities listed in Annexure 1: 2.2. is presented in accordance with the requirements of Regulation 33 and Regulation 52 read with Regulation 63(2) of the Listing Regulations except for the disclosures relating to Pillar 3 disclosure as at 31 March 2025 including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel III Capital Regulations as have been disclosed on the Bank's", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "~ 101122w \ni W,100672 *", "subsection": "Auditor's Responsibilities for the Audit of the Consolidated Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "75affaf51f6f346d"}, {"chunk_id": "1b6c2c8dccea110f", "content": "3 disclosure as at 31 March 2025 including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel III Capital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in the Consolidated Financial Results and have not been audited by us; and; 2.3. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Accounting Standards ('AS'), the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bank of India ('the RBI') from time to time ('RBI Guidelines') and other accounting principles generally accepted in India, of consolidated net profit and other financial information of the Group for the year ended 31 March 2025. 3. We conducted our audit in accordance with the Standard on Auditing ('SAs') specified under section 143(10) of the Companies Act, 2013 ('the Act'). Our responsibilities under those SAs are further described in the Auditor's Responsibilities for the Audit of the Consolidated Financial Results section of our report. We are independent of the Group and its associate in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "~ 101122w \ni W,100672 *", "subsection": "Auditor's Responsibilities for the Audit of the Consolidated Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "75affaf51f6f346d"}, {"chunk_id": "02f4dde0a5e12676", "content": "the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act, and the rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe _that _the audit evidence obtained by us and other auditors in terms of their audit reports ref erred to i ~~~ti- ers 1 p is sufficient and appropriate to provide a basis for our opini M M Nissim & Co LLP Chartered Accountants KKC & Associates LLP Chartered Accountants (formerly K.himji Kunverji & Co LLP) Board of Directors' responsibilities for the Consolidated Financial Results 4. These consolidated financial results have been compiled from the consolidated annual audited financial statements. The Bank's Board of Directors are responsible for the preparation and presentation of these consolidated financial results that give a true and fair view of the consolidated net profit and other financial information of the Group including its associate in accordance with the recognition and measurement principles laid down in AS prescribed under Section 133 of the Act read with relevant rules issued thereunder, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by RBI, RBI Guidelines and other", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "~ 101122w \ni W,100672 *", "subsection": "Auditor's Responsibilities for the Audit of the Consolidated Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "75affaf51f6f346d"}, {"chunk_id": "3cad4502cab0605a", "content": "Act read with relevant rules issued thereunder, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by RBI, RBI Guidelines and other accounting principles generally accepted in India and in compliance with the Listing Regulations. The respective Board of Directors of the entities included in the Group and of its associate are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act and the Banking Regulation Act, 1949 for safeguarding the assets of the Group and its associate and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments ancl estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Consolidated Financial Results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which has been used for the purpose of preparation of the Consolidated Financial Results by the Directors of the Bank, as aforesaid. 5. In preparing the Consolidated Financial Results, the respective Board of Directors of the entities", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "~ 101122w \ni W,100672 *", "subsection": "Auditor's Responsibilities for the Audit of the Consolidated Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "75affaf51f6f346d"}, {"chunk_id": "a70a917d55aab0f5", "content": "of the Bank, as aforesaid. 5. In preparing the Consolidated Financial Results, the respective Board of Directors of the entities included in the Group and of its associate are responsible for assessing the ability of the Group and of its associate to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so. 6. The respective Board of Directors of the entities included in the Group and of its associate are responsible for overseeing the financial reporting process of the Group and of its associate. Auditor's Responsibilities for the Audit of the Consolidated Financial Results 7. Our objectives are to obtain reasonable assurance about whether the Consolidated Financial Results are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion._ Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "~ 101122w \ni W,100672 *", "subsection": "Auditor's Responsibilities for the Audit of the Consolidated Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "75affaf51f6f346d"}, {"chunk_id": "1a1a6f80dd179756", "content": "exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Consolidated Financial Results. 8. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also: 8.1. Identify and assess the risks of material misstatement of the Consolidated Financial Results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "~ 101122w \ni W,100672 *", "subsection": "Auditor's Responsibilities for the Audit of the Consolidated Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "75affaf51f6f346d"}, {"chunk_id": "51ad490d575b7621", "content": "MM Nissim & Co LLP KKC & Associates LLP Chartered Accountants Chartered Accountants (formerly Khimji Kunverji & Co LLP) 8.2: Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances .. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Bank has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls. 8.3. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "~ 101122w \ni W,100672 *", "subsection": "MM Nissim & Co LLP \nKKC & Associates LLP \nChartered Accountants \nChartered Accountants \n(formerly Khimji Kunverji & Co LLP) \n8.2: Obtain an understanding of internal control relevant to the audit in order to design audit \nprocedures that are appropriate in the circumstances .. Under Section 143(3)(i) of the Act, we \nare also responsible for expressing our opinion on whether the Bank has adequate internal \nfinancial controls with reference to financial statements in place and the operating \neffectiveness of such controls.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "23f02c110230a150"}, {"chunk_id": "44dacceec213c70f", "content": "8.4. Conclude on the appropriateness of the Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group and its associate to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention m our auditor's report to the related disclosures in the Consolidated Financial Results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group and its associate to cease to continue as a going concern. 8.5. Evaluate the overall presentation, structure and content of the Consolidated Financial Results, including the disclosures, and whether the. Consolidated Financial Results represent the underlying transactions and events in a manner that achieves fair presentation. 8.6. Obtain sufficient appropriate audit evidence regarding the financial information of the entities within the Group and its associate to express an opinion on the Consolidated Financial Results. We are responsible for the direction, supervision and performance ·of the audit of financial information of such entities included in the Consolidated Financial Results of which we are the independent auditors.", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "8.4. Conclude on the appropriateness of the Board of Directors use of the going concern basis of \naccounting and, based on the audit evidence obtained, whether a material uncertainty exists \nrelated to events or conditions that may cast significant doubt on the Group and its associate \nto continue as a going concern. If we conclude that a material uncertainty exists, we are \nrequired to draw attention m our auditor's report to the related disclosures in the Consolidated \nFinancial Results or, if such disclosures are inadequate, to modify our opinion. Our \nconclusions are based on the audit evidence obtained up to the date of our auditor's report. \nHowever, future events or conditions may cause the Group and its associate to cease to \ncontinue as a going concern.", "subsection": "MM Nissim & Co LLP \nKKC & Associates LLP \nChartered Accountants \nChartered Accountants \n(formerly Khimji Kunverji & Co LLP) \n8.2: Obtain an understanding of internal control relevant to the audit in order to design audit \nprocedures that are appropriate in the circumstances .. Under Section 143(3)(i) of the Act, we \nare also responsible for expressing our opinion on whether the Bank has adequate internal \nfinancial controls with reference to financial statements in place and the operating \neffectiveness of such controls.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3d2fe1d183c09e47"}, {"chunk_id": "6e017693ee155a42", "content": "information of such entities included in the Consolidated Financial Results of which we are the independent auditors. For the other entities included in the Consolidated Financial Results, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion. 9. We communicate with those charged with governance of the Bank and such other entities included in the Consolidated Financial Results of which we are independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. 10. We also provide those charged with governance of the Bank with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. 11. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable. M M Nissim & Co LLP Chartered Accountants KKC & Associates LLP Chartered Accountants (formerly Khimji Kunverji & Co LLP) 12.", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "8.4. Conclude on the appropriateness of the Board of Directors use of the going concern basis of \naccounting and, based on the audit evidence obtained, whether a material uncertainty exists \nrelated to events or conditions that may cast significant doubt on the Group and its associate \nto continue as a going concern. If we conclude that a material uncertainty exists, we are \nrequired to draw attention m our auditor's report to the related disclosures in the Consolidated \nFinancial Results or, if such disclosures are inadequate, to modify our opinion. Our \nconclusions are based on the audit evidence obtained up to the date of our auditor's report. \nHowever, future events or conditions may cause the Group and its associate to cease to \ncontinue as a going concern.", "subsection": "MM Nissim & Co LLP \nKKC & Associates LLP \nChartered Accountants \nChartered Accountants \n(formerly Khimji Kunverji & Co LLP) \n8.2: Obtain an understanding of internal control relevant to the audit in order to design audit \nprocedures that are appropriate in the circumstances .. Under Section 143(3)(i) of the Act, we \nare also responsible for expressing our opinion on whether the Bank has adequate internal \nfinancial controls with reference to financial statements in place and the operating \neffectiveness of such controls.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3d2fe1d183c09e47"}, {"chunk_id": "d8ab3a4c4b13820f", "content": "33(8) of the Listing Regulations, as amended, to the extent applicable. M M Nissim & Co LLP Chartered Accountants KKC & Associates LLP Chartered Accountants (formerly Khimji Kunverji & Co LLP) 12. The Consolidated Financial Results include financial results of Nine Subsidiaries and Two Stepdown Subsidiaries whose Financial Statements reflect total assets (before consolidation adjustments) of Rs.53, 118.53 crore as at 31 March 2025, total revenue (before consolidation adjustments) of Rs.2,076.90 crore and Rs.8,503.40 crore, total net profit after tax (before consolidation adjustments) ofRs.366.96 crore and Rs.1,768.24 crore for the quarter ended and for the year ended 31 March 2025 respectively, and net cash inflow (before consolidation adjustments) of Rs.359 .39 crore for the year ended 31 March 2025 as considered in the Consolidated Financial Results, which have been audited by their respective independent auditors. The independent auditors' reports on financial statements of these entities have been furnished to us and our opinion on the Consolidated Financial Results, in so far as it relates to the amounts and disclosures included in respect of these entities, is based solely on the report of such auditors and the procedures performed by us are as stated in paragraph above. Further, of these subsidiaries, one subsidiary is located outside India whose financial statements have been prepared in accordance with accounting", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "8.4. Conclude on the appropriateness of the Board of Directors use of the going concern basis of \naccounting and, based on the audit evidence obtained, whether a material uncertainty exists \nrelated to events or conditions that may cast significant doubt on the Group and its associate \nto continue as a going concern. If we conclude that a material uncertainty exists, we are \nrequired to draw attention m our auditor's report to the related disclosures in the Consolidated \nFinancial Results or, if such disclosures are inadequate, to modify our opinion. Our \nconclusions are based on the audit evidence obtained up to the date of our auditor's report. \nHowever, future events or conditions may cause the Group and its associate to cease to \ncontinue as a going concern.", "subsection": "MM Nissim & Co LLP \nKKC & Associates LLP \nChartered Accountants \nChartered Accountants \n(formerly Khimji Kunverji & Co LLP) \n8.2: Obtain an understanding of internal control relevant to the audit in order to design audit \nprocedures that are appropriate in the circumstances .. Under Section 143(3)(i) of the Act, we \nare also responsible for expressing our opinion on whether the Bank has adequate internal \nfinancial controls with reference to financial statements in place and the operating \neffectiveness of such controls.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3d2fe1d183c09e47"}, {"chunk_id": "524db61153c6609b", "content": "performed by us are as stated in paragraph above. Further, of these subsidiaries, one subsidiary is located outside India whose financial statements have been prepared in accordance with accounting principles generally accepted in the respective country and which have been audited by its auditor under generally accepted auditing standards applicable in its country. The Parent's management has converted the financial statements of such subsidiary from generally accepted accounting principles applicable in its respective country to generally accepted accounting principles applicable in India. Our audit report in so far as it relates to the balances and affairs of such subsidiary located outside India, is b~sed on the report of other auditors. According to the information and explanations given to us by the Management, the financial statement. of this subsidiary is not material to the Group. Our opinion is not modified in respect of these matters. 13. The Consolidated Financial Results include financial result of one subsidiary, whose Financial Statements reflect Group's Share of total asset (before consolidation adjustments) ofRs.13.41 crore as at 31 March 2025, total revenue (before consolidation adjustments) ofRs.0.29 crore and Rs.12.53 crore, total net profit after tax (before consolidation adjustments) ofRs.5.88 crore and Rs.0.34 crore", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "8.4. Conclude on the appropriateness of the Board of Directors use of the going concern basis of \naccounting and, based on the audit evidence obtained, whether a material uncertainty exists \nrelated to events or conditions that may cast significant doubt on the Group and its associate \nto continue as a going concern. If we conclude that a material uncertainty exists, we are \nrequired to draw attention m our auditor's report to the related disclosures in the Consolidated \nFinancial Results or, if such disclosures are inadequate, to modify our opinion. Our \nconclusions are based on the audit evidence obtained up to the date of our auditor's report. \nHowever, future events or conditions may cause the Group and its associate to cease to \ncontinue as a going concern.", "subsection": "MM Nissim & Co LLP \nKKC & Associates LLP \nChartered Accountants \nChartered Accountants \n(formerly Khimji Kunverji & Co LLP) \n8.2: Obtain an understanding of internal control relevant to the audit in order to design audit \nprocedures that are appropriate in the circumstances .. Under Section 143(3)(i) of the Act, we \nare also responsible for expressing our opinion on whether the Bank has adequate internal \nfinancial controls with reference to financial statements in place and the operating \neffectiveness of such controls.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3d2fe1d183c09e47"}, {"chunk_id": "c7b2942c5dddd8c7", "content": "as at 31 March 2025, total revenue (before consolidation adjustments) ofRs.0.29 crore and Rs.12.53 crore, total net profit after tax (before consolidation adjustments) ofRs.5.88 crore and Rs.0.34 crore for the_ quarter and for the year ended 31 March 2025, and net cash outflow (before consolidation adjustments) of Rs.411.60 crore for the year ended 31 March 2025 as considered in the Consolidated Financial Results. These financial statements have been furnished to us by the Board of Directors and our opinion on the Consolidated Financial Results, in so far as it relates to the amounts and disclosures included in respect of this subsidiary is based solely on such unaudited financial statements. This subsidiary is located outside India, whose financial statements have been prepared in accordance with accounting principles generally accepted in its country. The Parent's management has converted the financial results of this subsidiary from generally accepted accounting principles applicable in their respective country to generally accepted accounting principles applicable in India. According to the information and explanations given to us by the management, the financial statement of this subsidiary is not material to the Group. Our opinion is not modified in respect of this matter. 14. The Consolidated Financial Results also reflect Group's share of total net profit after tax of Rs.", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "8.4. Conclude on the appropriateness of the Board of Directors use of the going concern basis of \naccounting and, based on the audit evidence obtained, whether a material uncertainty exists \nrelated to events or conditions that may cast significant doubt on the Group and its associate \nto continue as a going concern. If we conclude that a material uncertainty exists, we are \nrequired to draw attention m our auditor's report to the related disclosures in the Consolidated \nFinancial Results or, if such disclosures are inadequate, to modify our opinion. Our \nconclusions are based on the audit evidence obtained up to the date of our auditor's report. \nHowever, future events or conditions may cause the Group and its associate to cease to \ncontinue as a going concern.", "subsection": "MM Nissim & Co LLP \nKKC & Associates LLP \nChartered Accountants \nChartered Accountants \n(formerly Khimji Kunverji & Co LLP) \n8.2: Obtain an understanding of internal control relevant to the audit in order to design audit \nprocedures that are appropriate in the circumstances .. Under Section 143(3)(i) of the Act, we \nare also responsible for expressing our opinion on whether the Bank has adequate internal \nfinancial controls with reference to financial statements in place and the operating \neffectiveness of such controls.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3d2fe1d183c09e47"}, {"chunk_id": "4b19822ad8fab122", "content": "Our opinion is not modified in respect of this matter. 14. The Consolidated Financial Results also reflect Group's share of total net profit after tax of Rs. 19.39 crore and Rs.79.06 crores for the quarter and for the year ended 31 March 2025 respectively, as considered in these Consolidated Financial Results, in respect of one associate based on management's best estimate in the absence of the financial statements. According to the information and explanations given to us by the management, the financial information of this associate is not material to the Group. Our opinion is not modified in respect of this matter. 15. The Consolidated Financial Results include the results for the quarter ended 31 March 2025 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review by us.", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "8.4. Conclude on the appropriateness of the Board of Directors use of the going concern basis of \naccounting and, based on the audit evidence obtained, whether a material uncertainty exists \nrelated to events or conditions that may cast significant doubt on the Group and its associate \nto continue as a going concern. If we conclude that a material uncertainty exists, we are \nrequired to draw attention m our auditor's report to the related disclosures in the Consolidated \nFinancial Results or, if such disclosures are inadequate, to modify our opinion. Our \nconclusions are based on the audit evidence obtained up to the date of our auditor's report. \nHowever, future events or conditions may cause the Group and its associate to cease to \ncontinue as a going concern.", "subsection": "MM Nissim & Co LLP \nKKC & Associates LLP \nChartered Accountants \nChartered Accountants \n(formerly Khimji Kunverji & Co LLP) \n8.2: Obtain an understanding of internal control relevant to the audit in order to design audit \nprocedures that are appropriate in the circumstances .. Under Section 143(3)(i) of the Act, we \nare also responsible for expressing our opinion on whether the Bank has adequate internal \nfinancial controls with reference to financial statements in place and the operating \neffectiveness of such controls.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3d2fe1d183c09e47"}, {"chunk_id": "ba14813d0b1912fc", "content": "M M Nissirn & Co LLP KKC & Associates LLP Chartered Accountants Chartered Accountants (formerly Khimji Kunverji & Co LLP) 16-. The Consolidated Financial Results dealt with by this report have been prepared for the express purpose of filing with National Stock Exchange of India Limited and BSE Limited. These results are based on and should be read with the Audited Consolidated Financial Statements of the Bank, for the year ended 31 March 2025 on which we have issued an unmodified audit opinion vide our report dated 24 April 2025. Attention is drawn to the fact that the Consolidated Financial Results of the Bank for the corresponding quarter and year ended 31 March 2024 were audited by predecessor auditors whose report dated 24 April 2024 expressed an unmodified opinion on those financial results. Our opinion is not modified in respect ofthis matters.", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "8.4. Conclude on the appropriateness of the Board of Directors use of the going concern basis of \naccounting and, based on the audit evidence obtained, whether a material uncertainty exists \nrelated to events or conditions that may cast significant doubt on the Group and its associate \nto continue as a going concern. If we conclude that a material uncertainty exists, we are \nrequired to draw attention m our auditor's report to the related disclosures in the Consolidated \nFinancial Results or, if such disclosures are inadequate, to modify our opinion. Our \nconclusions are based on the audit evidence obtained up to the date of our auditor's report. \nHowever, future events or conditions may cause the Group and its associate to cease to \ncontinue as a going concern.", "subsection": "M M Nissirn & Co LLP \nKKC & Associates LLP \nChartered Accountants \nChartered Accountants \n(formerly Khimji Kunverji & Co LLP) \n16-. The Consolidated Financial Results dealt with by this report have been prepared for the express \npurpose of filing with National Stock Exchange of India Limited and BSE Limited. These results \nare based on and should be read with the Audited Consolidated Financial Statements of the Bank, \nfor the year ended 31 March 2025 on which we have issued an unmodified audit opinion vide our \nreport dated 24 April 2025. Attention is drawn to the fact that the Consolidated Financial Results \nof the Bank for the corresponding quarter and year ended 31 March 2024 were audited by \npredecessor auditors whose report dated 24 April 2024 expressed an unmodified opinion on those \nfinancial results. Our opinion is not modified in respect ofthis matters.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "081d1f7546ad3be6"}, {"chunk_id": "06f20f53abdec1fa", "content": "~l~~ ~=~~ Partner ICAI Membership No.: 117348 UDIN: 251 l 7348BMOBBX5978 Place: Mumbai Date: 24 April 2025 Sanjay Khemani Partner ICAI Membership No.: 044577 UDIN: 25044577BMOBDT6707 Place: Mumbai Date: 24 April 2025 DECLARATION PURSUANT TO REGULATION 33{3){d) AND 52{3){a) OF THE SEBI {LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 We hereby declare that the Joint Statutory Auditors of the Bank viz, M/s. M M Nissim & Co. LLP, Chartered Accountants and M/s. KKC & Associates LLP, Chartered Accountants, have issued their Audit Re'ports with unmodified opinion on the Standalone and Consolidated Financial Results of Axis Bank Limited for the year ended March 31, 2025. This is for your information and records.", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "~l~~ \n~=~~ \nPartner \nICAI Membership No.: 117348 \nUDIN: 251 l 7348BMOBBX5978 \nPlace: Mumbai \nDate: 24 April 2025", "subsection": "M M Nissirn & Co LLP \nKKC & Associates LLP \nChartered Accountants \nChartered Accountants \n(formerly Khimji Kunverji & Co LLP) \n16-. The Consolidated Financial Results dealt with by this report have been prepared for the express \npurpose of filing with National Stock Exchange of India Limited and BSE Limited. These results \nare based on and should be read with the Audited Consolidated Financial Statements of the Bank, \nfor the year ended 31 March 2025 on which we have issued an unmodified audit opinion vide our \nreport dated 24 April 2025. Attention is drawn to the fact that the Consolidated Financial Results \nof the Bank for the corresponding quarter and year ended 31 March 2024 were audited by \npredecessor auditors whose report dated 24 April 2024 expressed an unmodified opinion on those \nfinancial results. Our opinion is not modified in respect ofthis matters.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2c5c8284d9acdd35"}, {"chunk_id": "fd6eb6c8178aec84", "content": "RE_GISTERED OfflCE : \"Tri~hul\" - 3rJ Floor Opp. SamcJrthe:;war Temple, Near Law Garden, Ell1sbndge, Allmedabad - 380006. Telephone No. 079-26409322 Fax No. - 079-26409321 CIN: L651 10GJ1 993PLC020769 Website - www.a~i5bank.( om \"AXIS BANK 8th Floor AXIS House C 2 Wadia International Centre Pandurang Budhkar Marg Mumbai . Maharashtra . India 400025", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "RE_GISTERED OfflCE : \"Tri~hul\" - 3rJ Floor Opp. SamcJrthe:;war Temple, Near Law Garden, \nEll1sbndge, Allmedabad - 380006. Telephone No. 079-26409322 Fax No. - 079-26409321 \nCIN: L651 10GJ1 993PLC020769 Website - www.a~i5bank.( om \n\"AXIS BANK", "subsection": "M M Nissirn & Co LLP \nKKC & Associates LLP \nChartered Accountants \nChartered Accountants \n(formerly Khimji Kunverji & Co LLP) \n16-. The Consolidated Financial Results dealt with by this report have been prepared for the express \npurpose of filing with National Stock Exchange of India Limited and BSE Limited. These results \nare based on and should be read with the Audited Consolidated Financial Statements of the Bank, \nfor the year ended 31 March 2025 on which we have issued an unmodified audit opinion vide our \nreport dated 24 April 2025. Attention is drawn to the fact that the Consolidated Financial Results \nof the Bank for the corresponding quarter and year ended 31 March 2024 were audited by \npredecessor auditors whose report dated 24 April 2024 expressed an unmodified opinion on those \nfinancial results. Our opinion is not modified in respect ofthis matters.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5129812d9f47345c"}, {"chunk_id": "1372d60c878f24ff", "content": "[TABLE] Company: AXIS | Year: FY2025 | Section: Introduction | Page: 1\n\n|  | AXIS/CO/CS/26/2025-26 |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|\n|  | April 24, 2025 |  |  |  |  |  |  |\n|  | National Stock Exchange o | f India Limited |  | BSE Limited |  |  |  |\n|  | Exchange Plaza, 5th Floor, |  |  | 1st Floor, |  |  |  |\n|  | Plot No. C/1, \"G\" Block |  |  | P. J. Towers, |  |  |  |\n|  | Bandra-Kurla Complex |  |  | Dalal Street |  |  |  |\n|  | Bandra (E), Mumbai - 400 0 | 51 |  | Fort, Mumbai - | 400 001 |  |  |\n|  | NSE Symbol: AXISBANK |  |  | BSE Scrip Code | : 532215 |  |  |\n|  | Dear Sir/Madam, |  |  |  |  |  |  |\n|  | REF.: DISCLOSURE UNDER | REGULATIONS | 30, 33 A | ND 52 OF THE | SEBI (LISTING O | BLIGATI | ONS AND |\n|  | DISCLOSURE REQUIR | EMENTS) REGU | LATIONS, | 2015 (\"SEBI LIS | TING REGULATI | ONS\") |  |\n|  | SUB.: OUTCOME OF BOAR | D MEETING | ~ AUDITE | D FINANCIAL | RESULTS OF AX | IS BANK | LIMITED |\n|  | (\"BANK\") |  |  |  |  |  |  |\n|  | In reference to our letter | no\". AXIS/CO/ | CS/ 15/2 | 025-26 dated | April 15, 2025, | and pur | suant to |\n|  | Regulations 30, 33, 52 and | other applica | ble provi | sions of the SE | BI Listing Regula | tions, w | e hereby |\n|  | inform you that the Board | of Directors (t | he \"Boar | d\") of the Ban | k at its meeting | held to | day, i.e., |\n|  | April 24, 2025, has approve | d the Audited | Standa | lone and Con | solidated Finan | cial Resu | lts of the |\n|  | Bank for the quarter and ye | ar ended Ma | rch 31, 2 | 025 (the \"Finan | cial Results\"). |  |  |\n|  | The Financial Results along | with the Audi | t Report | s issued thereo | n by M/s. M M | Nissim & | Co. LLP, |\n|  | Chartered Accountants an | d M/s. KKC & | Associat | es LLP, Charte | red Accountant | s, Joint | Statutory |\n|  | Auditors of the Bank, are en | closed herew | ith and | are also being | uploaded on t | he webs | ite of the |\n|  | Bank at www.axisbank.com | . |  |  |  |  |  |\n|  | The Joint Statutory Auditors | of the Bank | have iss | ued the Audit | Reports on the | Standal | one and |\n|  | Consolidated Financial Re | sults of the | Bank, fo | r the year en | ded March 31 | , 2025, | with an |\n|  | 'unmodified opinibn'. A dec | laration by th | e Chief | Financial Office | r of the Bank to | this eff | ect is also |\n|  | enclosed. |  |  |  |  |  |  |\n|  | The Board meeting comme | nced at 11 :30 | am (1ST) | and the results | were approve | d at 3:40 | pm (1ST) |\n|  | This is for your information a | nd records. |  |  |  |  |  |\n|  | Thanking You. |  |  |  |  |  |  |\n|  | Yours faithfully, |  |  |  |  |  |  |\n|  | For A is Bonk Li • |  |  |  |  |  |  |\n|  | So or |  |  |  |  |  |  |\n|  | London Stock Exchange |  |  |  |  |  |  |\n|  | Singapore Stock Exchange |  |  |  |  |  |  |\n| 8th Floor AXIS H Marg Mumbai . | ouse C 2 Wadia International Centre P Maharashtra . India 400025 | andurang Budhkar |  |  | ' |  |  |\n| REGISTERED OFFI Ellisbridge, Ahme CIN: L6511 0GJl 9 | CE : \"Trishul\" -3rd Floor Opp. Samart dabad -380006. T~lephone No. 079- 93PLC020769 Website -www.axisba | heswar Temple, Ne 26409322 Fax No. nk.com | ar Law Gar -079-26409 | den, 321 | . \"AX | IS | BA |", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 1, "section": "Introduction", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "94af47423fba832d", "content": "[TABLE] Company: AXIS | Year: FY2025 | Section: PARTICULARS \nQUARTER \nQUARTER \nQUARTER \nYEAR \nYEAR \n. \nENDED \nENDED \nENDED \nENDED \nENDED \n31.03.2025 \n31.12.2024 \n31.03.2024 \n31.03.2025 \n31.03.2024 > 9. \nExceptional Items \n-\n-\n-\n- | Page: 2\n\n| . PARTICULARS | FOR THE QUARTER ENDED 31.03.2025 | FOR THE QUARTER ENDED 31.12.2024 | FOR THE QUARTER ENDED 31.03.2024 | FOR THE YEAR ENDED 31.03.2025 | FOR THE YEAR ENDED 31.03.2024 |\n|---|---|---|---|---|---|\n|  | (Audited refer note 2) | (Unaudited) | (Audited refer note 2) | (Audited) | (Audited) |\n| l. Interest earned (a)+(b)+(c)+(d) | 31,242.51 | 30,953.94 | 29,224.54 | 1,22,677.04 | l ,09 ,368.63 |\n| [a) Interest/discount on advances/bills | 24,579.59 | 24,640.75 | 23,351.15 | 97,200.27 | 87,106.60 |\n| (b) Income on Investments | 6,095.14 | 5,808.83 | 5,338.37 | 22,928.34 | 20,010.62 |\n| (c) Interest on balances with Reserve Bank of India & other inter-bank funds | 296.96 | 292.86 | 256.48 | 1,236.22 | 908.27 |\n| [d) Others | 270.82 | 211.50 | 278.54 | l,312.21 | 1,343.14 |\n| 2. Other Income [Refer note 3) | 6,779.52 | 5,972.20 | 6,765.79 | 25,257.06 | 22,441.96 |\n| 3. TOTAL INCOME (1+2) | 38,022.03 | 36,926.14 | 35,990.33 | ] ,47,934.10 | l,31,8 l 0.59 |\n| 4. Interest Expended | 17,431.97 | 17,348.09 | 16,135.54 | 68,329.22 | 59,474.15 |\n| 5. Operating expenses [i)+[ii) | 9,837.69 | 9,044.20 | 9,319.09 | 37,499.95 | 35,213.26 |\n| (i) Employees cost | 2,961.54 | 2,984.61 | 2,923.54 | 12,192.79 | 10,933.11 |\n| (ii) Other operating expenses | 6,876.15 | 6,059.59 | 6,395.55 | 25,307.16 | 24,280.17 |\n| 6. TOTAL EXPENDITURE [4+5) [Excluding Provisions and Contingencies) | 27,269.66 | 26,392.29 | 25,454.63 | l ,05,829. 17 | 94,687.43 |\n| OPERATING PROFIT (3-6) 7. [Profit before Provisions & Contingencies) | 10,752.37 | 10,533.85 | 10,535.70 | 42,104.93 | 37,123.16 |\n| 8. Provisions (other than tax) and Contingencies [Net) | 1,359.35 | 2, 155,63 | 1,185.31 | 7,758.35 | 4,063.09 |\n| 9. Exceptional Items | - |  | - | - | - |\n| 10. Profit/(Loss) from Ordinary Activities before Tax (7-8-9) | 9,393.02 | 8,378.22 | 9,350.39 | 34,346.58 | 33,060.07 |\n| 11. Tax expense | 2,275.52 | 2.074.45 | 2,220.72 | 7,973.10 | 8,198.64 |\n| 12. Net Profit/[Loss) from Ordinary Activities after Tax ( 10-11) | 7,117.50 | 6;303.77 | 7,129.67 | 26,373.48 | 24,861.43 |\n| 13. Extraordinary Items [net of tax expense) | - | - | - | - | - |\n| 14. Net Profit/[Loss) for the period ( 12-13) | 7,117.50 | 6,303.77 | 7.129.67 | 26,373.48 | 24,861.43 |\n| Paid-up equity share capital 15, [Face value 't2/-per share) | 619.47 | 619.03 | 617.31 | 619.47 | 617.31 |\n| 16. Reserves excluding revaluation reserves |  |  |  | 1,77,997.47 | 1.49,617.69 |\n| 17. Analytical Ratios and other disclosures |  |  |  |  |  |\n| (i) Percentage of Shares held by Government of India | Nil | Nil | Nil | Nil | Nil |\n| (ii) Capital Adequacy Ratio -Basel Ill | 17.07% | 17.01% | 16.63% | 17.07% | 16.63% |\n| Earnings per Share (EPS) for the period/year (before and after [iii) extraordinary items) - Basic - Diluted | 22.99 22.87 | 20.37 20.25 | 23.11 22.96 | 85.28 84.77 | 80.67 80.10 |\n| (iv) NPA Ratios |  |  |  |  |  |\n| (a) Amount of Gross Non Performing assets | 14,490.11 | 15.850.27 | 15,127.12 | 14,490.11 | 15,127.12 |\n| (b) Amount of Net Non Performing assets | 3,685.45 | 3,774.79 | 3,247.47 | 3,685.45 | 3,247.47 |\n| (c) % of Gross NPAs | 1.28 | 1.46 | 1.43 | 1.28 | 1.43 |\n| (d) % of Net NPAs | 0.33 | 0.35 | 0.31 | 0.33 | 0.31 |\n| (v) Return on Assets [annualized) % | 1.83 | 1.64 | 2.00 | 1.74 | 1.83 |\n| [vi) Net worth | l ,73,051.25 | 1,64, 978.66 | 1,44,069 .47 | 1,73,051.25 | 1,44,069 .47 |\n| (vii) Outstanding Redeemable Prefere·nce Shores | Nil | Nil | Nil | Nil | Nil |\n| (viii) Capital Redemption Reserve | Nil | Nil | Nil | Nil | Nil |\n| (ix) Debentures Redemption Reserve | Nil | Nil | Nil | Nil | Nil |\n| [x) Debt-Equity Ratio' | 1.03 | 1.10 | 1.31 | 1.03 | 1.31 |\n| [xi) Total Debts to Total Assets | 11.44% | 12.40% | 13.32% | 11.44% | 13.32% |", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 2, "section": "PARTICULARS \nQUARTER \nQUARTER \nQUARTER \nYEAR \nYEAR \n. \nENDED \nENDED \nENDED \nENDED \nENDED \n31.03.2025 \n31.12.2024 \n31.03.2024 \n31.03.2025 \n31.03.2024", "subsection": "9. \nExceptional Items \n-\n-\n-\n-", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "2c1c8bc31e05bcd6", "content": "[TABLE] Company: AXIS | Year: FY2025 | Section: PARTICULARS \nQUARTER \nQUARTER \nQUARTER \nYEAR \nYEAR \n. \nENDED \nENDED \nENDED \nENDED \nENDED \n31.03.2025 \n31.12.2024 \n31.03.2024 \n31.03.2025 \n31.03.2024 > 9. \nExceptional Items \n-\n-\n-\n- | Page: 3\n\n| Particulars | As on 31.03.2025 |  |\n|---|---|---|\n|  | (Audited) | (Audited) |\n| CAPITAL AND LIABILITIES Capital Employees' Stock Options Outstanding Reserves and Surplus Deposits Borrowings Other Liabilities and Provisions | 619.47 1.108.18 1.77.997.47 11.72,952.02 1,84, 146.52 73,106.22 | 617.31 826.58 1.49.617.69 l 0.68,641 .39 1,96,811.75 60,693.88 |\n| TOTAL | 16,09,929.88 | 14,77, 208.60 |\n| ASSETS Cash and Balances with Reserve Bank of India Balances with Banks and Money at Call and Short Notice Investments Advances Fixed Assets Other Assets | 73,638.44 26,093.66 3,96.141.79 10,40,811.32 6,291.70 66.952.97 | 86,077.49 28,376.90 3,31,527.25 9,65,068.38 5,684.58 60,474.00 |\n| TOTAL | 16,09, 929 .88 | 14,77,208.60 |", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "PARTICULARS \nQUARTER \nQUARTER \nQUARTER \nYEAR \nYEAR \n. \nENDED \nENDED \nENDED \nENDED \nENDED \n31.03.2025 \n31.12.2024 \n31.03.2024 \n31.03.2025 \n31.03.2024", "subsection": "9. \nExceptional Items \n-\n-\n-\n-", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "8289cdae393200f1", "content": "[TABLE] Company: AXIS | Year: FY2025 | Section: PARTICULARS \nQUARTER \nQUARTER \nQUARTER \nYEAR \nYEAR \n. \nENDED \nENDED \nENDED \nENDED \nENDED \n31.03.2025 \n31.12.2024 \n31.03.2024 \n31.03.2025 \n31.03.2024 > -\n-\n-\n- | Page: 4\n\n| Particulars | Corporate segment |  |\n|---|---|---|\n| Mode of acquisition | Assignment |  |\n| Aggregate principal outstanding of loans acquired | t706.30 crores |  |\n| Weighted average residual maturity | 7.73 years | 6.29 years Not Applicable |\n| Weighted average holding period | Not Applicable |  |\n| Retention of beneficial economic interest by the originator | Not Applicable | 10% |\n| Coverage of tangible security (for secured loans) | 83%secured | Weighted average LlV -35% |\n| Rating-wise distribution# of loans acquired by value |  |  |\n| -A-and Above | 97% | Not Applicable |\n| -BBB and BBB+ | 3% | Not Applicable |", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "PARTICULARS \nQUARTER \nQUARTER \nQUARTER \nYEAR \nYEAR \n. \nENDED \nENDED \nENDED \nENDED \nENDED \n31.03.2025 \n31.12.2024 \n31.03.2024 \n31.03.2025 \n31.03.2024", "subsection": "-\n-\n-\n-", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ea201fc35c434c68", "content": "[TABLE] Company: AXIS | Year: FY2025 | Section: PARTICULARS \nQUARTER \nQUARTER \nQUARTER \nYEAR \nYEAR \n. \nENDED \nENDED \nENDED \nENDED \nENDED \n31.03.2025 \n31.12.2024 \n31.03.2024 \n31.03.2025 \n31.03.2024 > -\n-\n-\n- | Page: 4\n\n| Particulars | Corporate segment | Retail segment |\n|---|---|---|\n| Mode of transfer | Assignment and Novation | - |\n| Aggregate principal outstanding of loans transferred | t 16,072.15 crores | - |\n| Weighted average residual maturity | Not Applicable | - |\n| Weighted average holding period (for assignment transactions) | 0.58 years | - |\n| Retention of beneficial economic interest | Nil | - |\n| Coverage of tangible security (for secured loans) | l 00% secured | - |\n| Rating-wise distribution# of loans transferred by value |  | - |\n| -A-and Above | 78% | - |\n| -BBB+ | 22% | - |", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "PARTICULARS \nQUARTER \nQUARTER \nQUARTER \nYEAR \nYEAR \n. \nENDED \nENDED \nENDED \nENDED \nENDED \n31.03.2025 \n31.12.2024 \n31.03.2024 \n31.03.2025 \n31.03.2024", "subsection": "-\n-\n-\n-", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "f605a6543e7bd46e", "content": "[TABLE] Company: AXIS | Year: FY2025 | Section: PARTICULARS \nQUARTER \nQUARTER \nQUARTER \nYEAR \nYEAR \n. \nENDED \nENDED \nENDED \nENDED \nENDED \n31.03.2025 \n31.12.2024 \n31.03.2024 \n31.03.2025 \n31.03.2024 > -\n-\n-\n- | Page: 4\n\n| Particulars | ToARCs |  | 10 permittea |  | To other transferees |  |\n|---|---|---|---|---|---|---|\n|  | NPA | SMA | NPA | SMA | NPA | SMA |\n| No. of accounts | 5 | - | 1 | - | - | - |\n| Aggregate principal outstanding of loans transferred | 1,284.76 | - | 225.00 | - | - | - |\n| Weighted average residual tenor of thia loans transferred | N.A. | - | N.A. | - | - | - |\n| Net book value of the loans transferred (at the time of transfer) | - | - | - | - | - | - |\n| Aggregate consideration• | 1,479.76 | - | o.oo·• | - | - | - |\n| Excess provision reversed to the profit and loss account | 1,127.49 |  | - | - | - | - |\n| Additional consideration realized in respect of accounts transferred in earlier v.ears | - | - | - | - | - | - |", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "PARTICULARS \nQUARTER \nQUARTER \nQUARTER \nYEAR \nYEAR \n. \nENDED \nENDED \nENDED \nENDED \nENDED \n31.03.2025 \n31.12.2024 \n31.03.2024 \n31.03.2025 \n31.03.2024", "subsection": "-\n-\n-\n-", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "2b71aba326e0bc6f", "content": "[TABLE] Company: AXIS | Year: FY2025 | Section: Exposure to accounts \nOf (A), aggregate \nExposure to \naccounts classified \nclassified as \nas Standard \nStandard consequent \nconsequent to \nType of borrower \nto implementation of \ndebt that \npaid by the \nimplementation of \n. \nresolution plan -\nslipped into written off \nborrowers \nresolution plan -\nPosition as at \nNPA during during H2 \nduring H2 \nPosition as at \n30.9.2024 (A)1 \nH2 FY25 \nFY25 \nFY25\n2 \n31.3.2025 1 > Of which MSMEs \n-\n-\n. \n. \n-\nOthers \n-\n-\n. \n. \n- | Page: 5\n\n| Recovery ratings | Anticipated recovery as per recovery rating(%) | Net Book Value (f in crores) | Outstanding Redemption Value (!!' in crores) 2.52 17.09 |\n|---|---|---|---|\n| RRl+ | 187 | - |  |\n| RRl | 121 | 17.09 |  |\n| RRl | 127 | 45.02 | 45.02 |\n| RR2 | 90 | 3.56 | 3.56 |\n| RR2 | 77 | 16.62 | 16.62 |\n| RRl | 150 | 40.13 | 40.13 |\n| Yet to be rated' |  | 513.73 | 1,050.97 164.50 |\n| Yet to be rated' |  | 164.50 |  |\n| Total |  | 800.65 | 1,340.41 |", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "Exposure to accounts \nOf (A), aggregate \nExposure to \naccounts classified \nclassified as \nas Standard \nStandard consequent \nconsequent to \nType of borrower \nto implementation of \ndebt that \npaid by the \nimplementation of \n. \nresolution plan -\nslipped into written off \nborrowers \nresolution plan -\nPosition as at \nNPA during during H2 \nduring H2 \nPosition as at \n30.9.2024 (A)1 \nH2 FY25 \nFY25 \nFY25\n2 \n31.3.2025 1", "subsection": "Of which MSMEs \n-\n-\n. \n. \n-\nOthers \n-\n-\n. \n. \n-", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "bf0111b5f439f59b", "content": "[TABLE] Company: AXIS | Year: FY2025 | Section: Exposure to accounts \nOf (A), aggregate \nExposure to \naccounts classified \nclassified as \nas Standard \nStandard consequent \nconsequent to \nType of borrower \nto implementation of \ndebt that \npaid by the \nimplementation of \n. \nresolution plan -\nslipped into written off \nborrowers \nresolution plan -\nPosition as at \nNPA during during H2 \nduring H2 \nPosition as at \n30.9.2024 (A)1 \nH2 FY25 \nFY25 \nFY25\n2 \n31.3.2025 1 > Of which MSMEs \n-\n-\n. \n. \n-\nOthers \n-\n-\n. \n. \n- | Page: 5\n\n| . Type of borrower | Exposure to accounts classified as Standard consequent to implementation of resolution plan - Position as at 30.9.2024 (A)1 | Of (A), aggregate |  |  | Exposure to accounts classified as Standard consequent to implementation of resolution plan - Position as at 31.3.20251 |\n|---|---|---|---|---|---|\n|  |  | debt that slipped into NPA during H2 FY25 | written off during H2 FY25 | paid by the borrowers during H2 FY252 |  |\n| Personal loans3 | l.T 60.93 | 23.73 | 2.94 | 112.96 | 1,021.30 |\n| Corporate persons | 159.39 | . | . | {27.99) | 187.38 |\n| Of which MSMEs | - | - | . | . | - |\n| Others | - | - | . | . | - |\n| Total | 1,320.32 | 23.73 | 2.94 | 84.97 | 1,208.68 |", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "Exposure to accounts \nOf (A), aggregate \nExposure to \naccounts classified \nclassified as \nas Standard \nStandard consequent \nconsequent to \nType of borrower \nto implementation of \ndebt that \npaid by the \nimplementation of \n. \nresolution plan -\nslipped into written off \nborrowers \nresolution plan -\nPosition as at \nNPA during during H2 \nduring H2 \nPosition as at \n30.9.2024 (A)1 \nH2 FY25 \nFY25 \nFY25\n2 \n31.3.2025 1", "subsection": "Of which MSMEs \n-\n-\n. \n. \n-\nOthers \n-\n-\n. \n. \n-", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "f7f0bc3af85facdd", "content": "[TABLE] Company: AXIS | Year: FY2025 | Section: Exposure to accounts \nOf (A), aggregate \nExposure to \naccounts classified \nclassified as \nas Standard \nStandard consequent \nconsequent to \nType of borrower \nto implementation of \ndebt that \npaid by the \nimplementation of \n. \nresolution plan -\nslipped into written off \nborrowers \nresolution plan -\nPosition as at \nNPA during during H2 \nduring H2 \nPosition as at \n30.9.2024 (A)1 \nH2 FY25 \nFY25 \nFY25\n2 \n31.3.2025 1 > Of which MSMEs \n-\n-\n. \n. \n-\nOthers \n-\n-\n. \n. \n- | Page: 6\n\n| PARTICULARS | FOR THE YEAR ENDED 31.03.2025 | FOR THE YEAR ENDED 31.03.2024 |\n|---|---|---|\n|  | (Audited} | (Audited} |\n| Cash flow from operating activities |  |  |\n| Net profit before taxes | 34,346.58 | 33,060.07 |\n| Adjustments for: |  |  |\n| Depreciation and amortisation on fixed assets, intangibles and goodwill | 1.699.14 | 1,333.75 |\n| Mark-to-Market [gain)/loss on investments | [700.51) | [431.;34) |\n| Amortisation of premium/discount on investments | 651.60 | 894.18 |\n| Provision for Non-Performing Assets [including bad debts)/restructured assets | 11,355.28 | 6.452.82 386.56 |\n| Provision on standard assets and other contingencies | 221.83 |  |\n| Dividend from Subsidiaries | [24.58) | [41.38) |\n| Employee Stock Options Expense | 423.98 | 454.33 |\n| Adjustments for: |  |  |\n| [lncrease)/Decrease in investments | (12,869.73) | [36,350.34) |\n| [lncrease)/Decrease in advances .. | (87,321.52) | [1,26,361.09) |\n| Increase /(Decrease) in deposits | 1,04,310.63 | 1,21,696.18 |\n| [lncrease)/Decrease in other assets | [6,315.68) | 10,554.67 |\n| lr:icrease/[Decrease) in other liabilities & provisions | 11,122.35 | 1,462.37 |\n| Direct taxes paid | [7,487.17) | (6,650.10) |\n| Net cash flow generated/(used} from operating activities | 49,412.20 | 6,460.68 |\n| Cash flow from investing activities |  |  |\n| Purchase of fixed assets | [2,328.16) | [2,294.56) |\n| Purchase consideration for acquisition of Citi India Consumer Business |  | [329.85) |\n| [lncrease)/Decrease in Held to Maturity investments | [47,170. l 0) | (6,381.97) |\n| Increase in Investment in Subsidiaries/Associates | [2,875.56) | [300.87) |\n| Decrease in Investment in Subsidiaries/ Associates | 329.28 | - |\n| Proceeds from sale of fixed assets | 11.21 | 7.91 |\n| Dividend from Subsidiaries | 24.58 | 41.38 |\n| Net cash generated/( used} in investing activities | (52,008.75} | (9,257.96} |\n| Cash flow from financing activities |  |  |\n| Repayment of subordinated debt, Additional Tier I instruments (net) | (826.45) | - |\n| lncrease/[Decrease) in borrowings (excluding subordinated debt, Additional Tier I instruments [net)) | [11,838.78) | 10,511.71 |\n| Proceeds from issue of share capital | 2.16 | l.94 |\n| Proceeds from share premium (net of share _issue expenses) | 683.71 | 555.27 |\n| Payment of dividend | [309.09) | [307.98) |\n| Net cash generated/(used} from financing activities | (12,288.45} | 10,760.94 |\n| Effect of exchange fluctuation translation reserve | 162.71 | 79.92 |\n| Net lncrease/(decrease} in cash and cash equivalents | (14,722.29} | ·s,o43.5B |\n| Cash and cash equivalents at the beginning of the year | 1,14,454.39 | 1,06,410.81 |\n| Cash and cash equivalents at the end of the year | 99,732.10 | 1,14,454.39 |", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "Exposure to accounts \nOf (A), aggregate \nExposure to \naccounts classified \nclassified as \nas Standard \nStandard consequent \nconsequent to \nType of borrower \nto implementation of \ndebt that \npaid by the \nimplementation of \n. \nresolution plan -\nslipped into written off \nborrowers \nresolution plan -\nPosition as at \nNPA during during H2 \nduring H2 \nPosition as at \n30.9.2024 (A)1 \nH2 FY25 \nFY25 \nFY25\n2 \n31.3.2025 1", "subsection": "Of which MSMEs \n-\n-\n. \n. \n-\nOthers \n-\n-\n. \n. \n-", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "1ff427e2024037f5", "content": "[TABLE] Company: AXIS | Year: FY2025 | Section: Exposure to accounts \nOf (A), aggregate \nExposure to \naccounts classified \nclassified as \nas Standard \nStandard consequent \nconsequent to \nType of borrower \nto implementation of \ndebt that \npaid by the \nimplementation of \n. \nresolution plan -\nslipped into written off \nborrowers \nresolution plan -\nPosition as at \nNPA during during H2 \nduring H2 \nPosition as at \n30.9.2024 (A)1 \nH2 FY25 \nFY25 \nFY25\n2 \n31.3.2025 1 > -\n368.72 \n- | Page: 7\n\n|  |  | FOR THE QUARTER ENDED 31.03.2025 | FOR THE QUARTER ENDED 31.12.2024 | FOR THE QUARTER ENDED 31.03.2024 | FOR THE YEAR ENDED 31.03.2025 |  |\n|---|---|---|---|---|---|---|\n|  |  | (Audited refer note 2) | (Unaudited) | (Audited refer note 2) | (Audited) | (Audited) |\n| 1 A B C D E | Segment Revenue Treasury Corporate/Wholesale Banking Retail Banking a) Digital Banking b) Other Retail Banking Other Banking Business Unallocated | 7.162.78 11.717.55 36,277.40 9,381.53 26,895.87 1,738.55 68.22 | 7,107.19 11.667.05 35,786.68 8,893.74 26,892.94 1.083.09 7.28 | 8.160.41 11.538.14 32,919.41 7,467.56 25,451.85 1,220.76 - | 29.912.45 46,580.34 1.40,928.29 34,320.36 1,06.607. 93 4,721.51 368.72 | 28,931.17 44.212.66 1,22.223.60 26,116.81 96,106.79 3,584.10 - |\n|  | Total | 56,964.50 | 55,651.29 | 53,838.72 | 2,22,511.31 | 1, 98,951.53 |\n|  | Less : Inter segment revenue | 18,942.47 | 18,725.15 | 17,848.39 | 74,577.21 | 67,140.94 |\n|  | Income from Operations | 38,022.03 | 36,926.14 | 35,990.33 | 1.47,934.10 | 1,31,810.59 |\n| 2 A B C D E | Segment Results Alter Provisions & Before Tax Treasury Corporate/Wholesale Banking Retail Banking a) Digital Banking b) Other Retail Banking Other Banking Business Unallocated Total Profit Before Tax | 1,279.35 3,747.63 2,676.18 776.42 1,899.76 1.621.64 68.22 9,393.02 | 2,019.56 2,921.46 2,374.00 536.84 1,837.16 1.027.26 35.94 8,378.22 | 2,151.30 3,006.15 3,090.87 680.50 2,410.37 1.102.07 - 9,350.39 | 7,172.73 12,364.07 9,949.26 2,198.10 7,751.16 4.463.14 397.38 34,346.58 | 6,229.13 13,262.58 l 0,215.41 1,122.87 9,092.54 3,352.95 - 33,060.07 |\n| 3 A B C D E | Segment Assets Treasury Corporate/Wholesale Banking Retail Banking a) Digital Banking b) Other Retail Banking Other Banking Business Unallocated Total | 5,38,714.45 4,25,365.09 6.38.342.62 1,27.728.56 5, 10,614.06 776.74 6,730.98 16,09,929.88 | 4,80,245.02 4, 12,513.82 6,24,51 0.89 1,24,241.98 5,00.268.91 809.89 7,632.26 15,25,711.88 | 4,84,536.90 3,85, 984.29 5,99,561.94 1,07, 119.17 4, 92,442.77 1,061.37 6,064.10 14,77,208.60 | 5,38,714.45 4,25,365.09 6,38,342.62 1,27,728.56 5. 10,614.06 776.74 6,730.98 16,09, 929.88 | 4,84,536.90 3,85, 984.29 5,99,561.94 1,07, 119.17 4, 92,442.77 1,061.37 6,064.10 14,77,208.60 |\n| 4 A B C D E | Segment Liabilities Treasury Corporate/Wholesale Banking Retail Banking a) Digital Banking b) Other Retail Banking Other Banking Business Unallocated 'rotal | 2,61,334.83 2.32,94.1.73 9,29,025.31 1,74,174.82 7,54,850.49 54.49 7,956.58 14,31,312.94 | 2,64, 141.72 2,00, l 03.49 8,82,693.63 1,64, 168.33 7, 18,525.30 45.61 7.448.75 13,54,433.20 | 2,61.497.26 2,26,266.46 8,32,925.31 1.24, 919.44 7,08.005.87 62.26 6,222.31 13,26, 973.60 | 2,61,334.83 2,32, 94 l .73 9,29,025.31 1,74, 174.82 7,54,850.49 54.49 7.9~6.58 14,31,312.94 | 2,61,497.26 2,26,266.46 8,32,925.31 1,24, 919.44 7,08,005.87 62.26 6,222.31 13,26, 973.60 |\n| 5 6 | Capital and Other Reserves Total (4 + 5) | 1,78,616. 94 16,09,9 29 .88 | 1,71,278.68 15,25,711.88 | 1,50,235.00 14,77,208.60 | 1,78,616.94 16,09,929.88 | 1,50,235.00 14,77,208.60 |", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "Exposure to accounts \nOf (A), aggregate \nExposure to \naccounts classified \nclassified as \nas Standard \nStandard consequent \nconsequent to \nType of borrower \nto implementation of \ndebt that \npaid by the \nimplementation of \n. \nresolution plan -\nslipped into written off \nborrowers \nresolution plan -\nPosition as at \nNPA during during H2 \nduring H2 \nPosition as at \n30.9.2024 (A)1 \nH2 FY25 \nFY25 \nFY25\n2 \n31.3.2025 1", "subsection": "-\n368.72 \n-", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "5ffa65ae795060c5", "content": "[TABLE] Company: AXIS | Year: FY2025 | Section: ~ 1071221~ \n~ \n* \nI * W100672 * I \n• \n~(!MB~ \n-\n~MUMBAI~ \n-\n.,. | Page: 8\n\n| PARTICULARS | FOR THE QUARTER ENDED 31.03.2025 | FOR THE QUARTER ENDED 31.12.2024 | FOR THE QUARTER ENDED 31.03.2024 | FOR THE YEAR ENDED 31,03.2025 | FOR THE YEAR ENDED 31.03.2024 |\n|---|---|---|---|---|---|\n|  | (Audited refer note 4) | (Unaudited) | (Audited refer note 4) | (Audited) | (Audited) |\n| l. Interest earned (a)+(b)+(c)+(d) | 32.452.32 | 32,\"162.20 | 30,230.58 | 1,27,374.09 | l, 12,759.05 |\n| (a) Interest/discount on advances/bills | 25,709.06 | 25,767.71 | 24,296.91 | 1,01 ,582.06 | 90,314.02 |\n| (b) Income on Investments | 6,130.05 | 5,840.81 | 5,368.86 | 23,057.01 | 20,082.39 |\n| Interest on balances with Reserve Bank of (c) India and other inter-bank funds | 296.96 | 292.89 | 261.l 0 | 1,243.23 | 923.74 |\n| (d) Others | 316.25 | 260.79 | 303.71 | 1,491.79 | 1.438.90 |\n| 2. Other Income | 7,505.72 | 6,796.97 | 7,605.52 | 28,542.77 | 25,230.31 |\n| 3: TOTAL INCOME (1+2) | 39,958.04 | 38,959.17 | 37,836.10 | 1,55,916.86 | 1,37,989.36 |\n| 4. Interest Expended | 18,120.71 | 18,039.68 | 16,727.24 | 71,036.31 | 61,390.74 |\n| 5. Operating expenses (i)+(ii) | 10,392.28 | 9,672.75 | 9,907.21 | 39,992.04 | 37,242.55 |\n| (i) Employees cost | 3,340.00 | 3,353.82 | 3,283.04 | 13,661.28 | 12,193.68 |\n| (ii) Other operating expenses | 7,052.28 | 6,318.93 | 6,624.17 | 26,330.76 | 25,048.87 |\n| TOTAL EXPENDITURE (4+5) (Excluding Provisions 6. and Contingencies) | 28,512.99 | 27,712.43 | 26,634.45 | l , 11 ,028.35 | 98,633.29 |\n| OPERATING PROFIT (3-6) 7. (Profit before Provisions & Contingencies) | 11.445.05 | 11,246.74 | 11,201.65 | 44,888.51 | 39,356.07 |\n| Provisions (other than tax) and Contingencies 8. (Net) | 1,550.28 | 2,239.98 | 1,216.78 | 8,166.35 | 4,178.07 |\n| 9. Exceptional Items | - | - | - | - | - |\n| Profit/(Loss) from Ordinary Activities before Tax 10. (7-8-9) | 9,894.77 | 9,006.76 | 9,984.87 | 36,722.16 | 35,178.00 |\n| 11. Tax expense | 2.405.06 | 2,243.66 | 2,371.32 | 8,610.41 | 8,754.46 |\n| Net Profit/(Loss) from Ordinary Activities after 12. Tax (10-11) | 7,489.71 | 6,763.10 | 7,613.55 | 28, l l l.74 | 26.423.54 |\n| 13. Extraordinary Items (net of tax expense) | - | - | - | - | - |\n| 14. Net Profit/(Loss) for the period ( 12-13) | 7,489.71 | 6,763.10 | 7,613.55 | 28,111.74 | 26.423.54 |\n| 15, Share in Profit/(Loss) of Associate | 19.39 | 15.81 | 16.52 | 79.06 | 68.71 |\n| 16. Share of (Profit)/Loss of Minority Shareholders | (33.97) | (36.62) | (31.03) | (135.69) | (106.05) |\n| Consolidated Net Profit/(Loss) for the Group 17. (14+ 15+ 16) | 7.475.13 | 6,742.29 | 7,599.04 | 28,055.11 | 26.386.20 |\n| Paid-up equity share capital 18. (Face value t2/-per·share) | 619.47 | 619.03 | 617.31 | 619.47 | 617.31 |\n| 19. Reserves excluding revaluation reserves |  |  |  | l ,85.433.36 | 1,55,51 l .72 |\n| 20. Analytical Ratios and other disclosures |  |  |  |  |  |\n| (i) Percentage of Shares held by Government of India | Nil | Nil | Nil | Nil | Nil |\n| (ii) Earnings per Share (EPS) for the period/year (befsire and after extraordinary items) - BoAs\"~~- .. - .• t,~~'iit'.. - L li.i,i?Y I\\ ~- | 24.14 24.01 | 21.79 21.65 | 24.63 24.47 | 90~7 e 9 | - v-&AIV~ S.62 y-{~ ~l |", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "~ 1071221~ \n~ \n* \nI * W100672 * I \n• \n~(!MB~ \n-\n~MUMBAI~ \n-\n.,.", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "1b66edff030a1e29", "content": "[TABLE] Company: AXIS | Year: FY2025 | Section: ~ 1071221~ \n~ \n* \nI * W100672 * I \n• \n~(!MB~ \n-\n~MUMBAI~ \n-\n.,. | Page: 9\n\n| Particulars | As on 31.03.2025 | As on 31.03.2024 |\n|---|---|---|\n|  | (Audited) | (Audited) |\n| CAPITAL AND LIABILITIES Capital Employees' Stock Options Outstanding Reserves and Surplus Minority Interest Deposits Borrowings Other Liabilities and Provisions | 619.47 1,182.66 1, 85.433.36 635.13 11,70,920.89 2,20,686.75 77.484.35 | 617.31 894.49 1, 55,511 .72 499.44 10,67,102.40 2,28,199.55 65,413.62 |\n| TOTAL | 16,56, 962.61 | 15, 18,238.53 |\n| ASSETS Cash and Balances with Reserve Bank of India Balances with Banks and Money at Call and Short Notice Investments Advances Fixed Assets Other Assets Goodwill on Consolidation | 73,638.44 29,060.26 3,96,685.07 10,81,229.47 6.492.08 69,568.05 289.24 | 86,077.49 30.415.69 3,32,353.7 4 9,99,333.48 5,837.56 63,931.33 289.24 |\n| TOTAL | 16,56, 962.61 | 15, 18,238.53 |", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 9, "section": "~ 1071221~ \n~ \n* \nI * W100672 * I \n• \n~(!MB~ \n-\n~MUMBAI~ \n-\n.,.", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "5054249c7c036ab2", "content": "[TABLE] Company: AXIS | Year: FY2025 | Section: ~ 1071221~ \n~ \n* \nI * W100672 * I \n• \n~(!MB~ \n-\n~MUMBAI~ \n-\n.,. | Page: 10\n\n| PARTICULARS Cash flow from operating activities | FOR THE YEAR ENDED 31.03.2025 | FOR THE YEAR ENDED 31.03.2024 |\n|---|---|---|\n|  | (Audited) | (Audited) |\n| Net profit before taxes | 36,586.47 | 35,071.95 |\n| Adjustments for: |  |  |\n| Depreciation and amortisation on fixed assets, intangibles and goodwill | 1,766.97 | 1,388.46 |\n| Mark-to-Market (gain)/loss on investments | (700.52) | (431.32) |\n| Amortisation of premium on Held to Maturity investments | 651.60 | 894.18 |\n| Provision for Non-Performing Assets (including bad debts)/restructured assets | 11,643.69 | 6,533.43 |\n| Provision on standard assets and other contingencies | 360.15 | 428.57 |\n| Employee Stock Options Expense | 430.54 | 519.57 |\n| Adjustments for: |  |  |\n| (lncrease)/Decrease in investments | (13,441.73) | (38,129.02) |\n| (lncrease)/Decrease in advances | (93,762.98) | ( 1,37, 622. l 0) |\n| Increase /(Decrease) in deposits | 1,03,818.49 | 1,21 ,277 .69 |\n| (lncrease)/Decrease in other assets | (5.449.90) | 9,145.17 |\n| lncrease/(Decrease) in other liabilities & provisions | 10,628.91 | 2,599.86 |\n| Direct taxes paid | (8,148.01) | (7,231.11) |\n| Net cash flow generated/(used) from operating activities | 44,383.68 | (5,554.67) |\n| Cash flow from Investing activities |  |  |\n| Purchase of fixed assets | (2,445.54) | (2,385.41) |\n| Purchase consideration for acquisition of Cili India Consumer Business | - | (329.85) |\n| (lncrease)/Decrease in Held to Maturity investments | (47,170.10) | (6,381.97) |\n| Increase in investment in Associate | (1,612.00) | - |\n| Proceeds from sale of fixed assets | 12.51 | 9.07 |\n| Net cash generated/(used) In investing activities | (51,215.13) | (9,088.16) |\n| Cash flow from financing activities |  |  |\n| Repayment of subordinated debt, Additional Tier I instruments | (826.45) | - |\n| lncrease/(Decrease) in borrowings (excluding subordinated debt, Additional Tier I instruments (net)) | (6,686.35) | 21,985.98 |\n| Proceeds from issue of share capital | 2.16 | 1.94 |\n| Proceeds from share premium (net of share issue expenses) | 683.68 | 555.26 |\n| Payment of dividend | (309.09) | (307.98) |\n| Increase in minority interest | 135.69 | 106.0.5 |\n| Net cash generated/(used) from financing acttvities | (7,000.36) | 22,341.25 |\n| Effect of exchange fluctuation translation reserve | 37.33 | 86.83 |\n| Net increase/(decrease) in cash and cash equivalents | (13,794.48) | 7,785.25 |\n| Cash and cash equivalents at the beginning of the year | 1, 16,493.18 | 1,08,707.93 |\n| Cash and cash equivalents at the end of the year | 1,02,698.70 | 1,16,493.18 |", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "~ 1071221~ \n~ \n* \nI * W100672 * I \n• \n~(!MB~ \n-\n~MUMBAI~ \n-\n.,.", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "dc13c59c18698d73", "content": "[TABLE] Company: AXIS | Year: FY2025 | Section: l(o\" behoO of the Boo«t | Page: 11\n\n|  |  | FOR THE QUARTER ENDED 31.03.2025 | FOR THE QUARTER ENDED 31.12.2024 | FOR THE QUARTER ENDED 31.03.2024 | FOR THE YEAR ENDED 31.03.2025 |  |\n|---|---|---|---|---|---|---|\n|  |  | (Audited refer note 4 l | (Unaudited) | (Audited refer note 41 | (Audited) |  |\n| 1 A B C D E | Segment Revenue Treasury Corporate/Wholesale Banking Retail Banking a) Digital Banking b} Other Retail Banking Other Banking Business Unallocated | 7,801.64 12,355.29 37,214.31 9,381.53 27,832.78 2,060.59 68.22 | 7,725.56 12,388.76 36,739.82 8,893.74 27,846.08 1,398.36 7.28 | 8,681.34 12,144.95 33,833.31 7,467.56 26,365.75 1,507.50 - | 32,352,04 49,360.79 1,44,750.55 34,320.36 1, 10,430.19 5,961.33 368.72 | 30,724.62 46,387.04 1,25,098.41 26,116.81 98,981.60 4,637.76 - |\n|  | Total | 59,500.05 | 58,259.78 | 56,167.10 | 2,32,793.43 | 2,06,847.83 |\n|  | Less : Inter segment revenue | 19,542.01 | 19,300.61 | 18,331.00 | 76,876.57 | 68,858.47 |\n|  | Income from Operations | 39,958.04 | 38,959.17 | 37,836.10 | 1,55, 916.86 | 1,37, 989.36 |\n| 2 A B C D E | Segment Results After Provisions & Before Tax Treasury Corporate/Wholesale Banking Retail Banking a/ Digital Banking b/ Other Retail Banking Other Banking Business Unallocated Total Profit Before Tax | 1,287.33 3,930.26 2,831.21 776.42 2,054.79 1,777.75 68.22 9,894.77 | 2,021.01 3,168.02 2,586.76 536.84 2,049.92 1,195.03 35.94 9,006.76 | 2,145.31 3,208.36 3,387.27 680.50 2,706.77 1,243.93 - 9,984.87 | 7,195.64 13,235.12 10,792.25 2,198.10 8,594.15 5,101.77 397.38 36,722.16 | 6,233.85 14,012.30 11,043.40 1,122.87 9,920.53 3,888.45 - 35,178.00 |\n| 3 A B C D E | Segment Assets Treasury Corporate/Wholesale Banking Retail Banking a) Digital Banking b) Other Retail Banking Other Banking Business Unallocated Total | 5,35,932.97 4,45,384.54 6,65,531.08 1,27,728.56 5,37,802.52 3,224.78 6,889.24 16,56, 962.61 | 4,77,579.47 4,31,954.55 6,51,358.96 1,24,241.98 5,27, 116.98 3,129.37 7,771.50 15,71,793.85 | 4,83,031 .79 4,03,661. 11 6,22,303.99 1,07, 119.17 5, 15,184.82 3,036.43 6,205.21 15, 18,238.53 | 5,35,932.97 4,45,384.54 6,65,531.08 1,27,728.56 5,37,802.52 3,224.78 6,889.24 16,56, 962.61 | 4,83,031.79 4,03,661 .11 6,22,303.99 1,07, 119.17 5, 15,184.82 3,036.43 6,205.21 15, 18,238.53 |\n| 4 A B C D E | Segment Liabilities Treasury Corporate/Wholesale Banking Retail Banking a/ Digital Banking b) Other Retail Banking Other Banking Business Unallocated Total | 2,94,035.21 2,33,574.59 9,34,389.64 1,74, 174.82 7,60,214.82 231.22 8,679.12 14,70,909.78 | 2,94,998.60 2,01 ,098.89 8,88,960.60 1,64, 168.33 7,24,792.27 220.B7 8,136.29 13, 93,415.25 | 2,88,601.26 2,27,564.39 8,38,911.94 1,24,919.44 7, 13,992.50 234.55 6,797.36 13,62, 109 .50 | 2,94,035.21 2,33,574.59 9,34,389.64 1,74, 174.82 7,60,214.82 231.22 8,679.12 14,70,909.78 | 2,88,601.26 2,27,564.39 8,38,911.94 1,24, 919.44 7, 13,992.50 234.55 6,797.36 13,62, 109 .50 |\n| 5 6 | Capital and Other Reserves Total (4 + 5) | 1,86,052.83 16,56, 962.61 | 1,78,378.60 15,71,793.85 | 1,56,129.03 15, 18,238.53 | 1,86,052.83 16,56, 962.61 | 1,56,129.03 15, 18,238.53 |", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "l(o\" behoO of the Boo«t", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "dce05be5ca864504", "content": "[TABLE] Company: AXIS | Year: FY2025 | Section: ~ 101122w \ni W,100672 * | Page: 12\n\n| M M Nissim & | Co LLP |  |  |  | KKC & Asso | ciates LLP |  |\n|---|---|---|---|---|---|---|---|\n| Chartered Acco | untants |  |  |  | Chartered Ac | countants |  |\n|  |  |  |  |  | (formerly Khi | mji Kunverj | i & Co LLP) |\n| Barodawala Man | sion, |  |  |  | Level-19, Sun | shine Tower | , |\n| 3rd Floor, 81, Dr. | Annie Beasa | nt Road, |  |  | Senapati Bapa | t Marg, |  |\n| Worli, |  |  |  |  | Elphinstone R | oad, |  |\n| Mumbai 400 018 |  |  |  |  | Mumbai 400 | 013 |  |\n| Independent A | uditor's repo | rt on the an | nual standal | one financ | ial results of A | xis Bank L | imited under |\n| Regulation 33 | and Regulat | ion 52 read | with Regula | tion 63(2) | of the SEBI ( | Listing Ob | ligations and |\n| Disclosure Req | uirements) Re | gulations, 20 | 15, as amend | ed |  |  |  |\n| To |  |  |  |  |  |  |  |\n| The Board of Di | rectors of |  |  |  |  |  |  |\n| Axis Bank Limit | ed |  |  |  |  |  |  |\n| Opinion |  |  |  |  |  |  |  |\n| 1. We have au | dited the acco | mpanying Sta | ndalone Fina | ncial Result | s of Axis Bank L | imited ('the | Bank') for the |\n| year ended | 31 March 202 | 5, being subm | itted by the B | ank pursu | ant to the require | ment of Reg | ulation 3 3 and |\n| Regulation | 52 read with | Regulation 63 | (2) of the SE | BI (Listing | Obligations and | Disclosure | Requirements) |\n| Regulations | , 2015, as am | ended (' Listing | Regulations | ') except ~o | r the disclosures r | elating to st | andalone Pillar |\n| 3 disclosur | e as at 31 Ma | rch 2025, inclu | ding leverag | e ratio, liq | uidity coverage r | atio and net | stable funding |\n| ratio under | Basel III Cap | ital Regulatio | ns as have be | en disclos | ed on the Bank's | website an | d in respect of |\n| which a lin | k has been pro | vided in the S | tandalone Fin | ancial Res | ults and have not | been audite | d by us. |\n| 2. In our opini | on and to the | best of our inf | ormation and | according t | o the explanation | s given to u | s, the aforesaid |\n| Standalone | Financial Res | ults: |  |  |  |  |  |\n| 2 .1. are pr | esented in acc | ordance with th | e requiremen | ts of the Li | sting Regulations | , except for | the disclosures |\n| relatin | g to Pillar 3 d | isclosure as at | 31 March 202 | 5 includin | g leverage ratio, l | iquidity cov | erage ratio and |\n| net st | able funding | ratio under Ba | sel III Capit | al Regulati | ons as have bee | n disclosed | on the Bank's |\n| websit | e and in respe | ct of which a | link has been | provided i | n the Standalone | Financial R | esults and have |\n| not be | en audited by | us; and |  |  |  |  |  |\n| 2.2. give a | true and fair | view, in confo | rmity with th | e recognitio | n and measurem | ent principl | es laid down in |\n| the A | ccounting Sta | ndards ('AS'), | the relevant | provisions | of the Banking | Regulation | Act, 1949, the |\n| circul | ars, guidelines | and direction | s issued by th | e Reserve | Bank oflndia ('t | he RBI') fro | m time to time |\n| ('RBI | Guidelines'), | and other acc | ounting princ | iples gener | ally accepted in | India, of the | net profit and |\n| other f | inancial infor | mation for the | year ended 3 | 1 March 20 | 25. |  |  |\n| Basis for Opinio | n |  |  |  |  |  |  |\n| 3. We conduct | ed our audit in | accordance wi | th the Standa | rds on Audi | ting ('SAs') spec | ified under s | ection 143(10) |\n| of the Comp | anies Act, 20 | 13 ('the Act') | . Our respon | sibilities u | nde{those SAs a | re further d | escribed in the |\n| Auditor's R | esponsibilities | for the Audit | of the Stand | alone Fina | ncial Results sec | tion of our | report. We are |\n| independent | of the Bank | in accordanc | e with the | Code of E | thics issued by | the Institute | of Chartered |\n| Accountants | of India toge | ther with the e | thical requir | ements that | are relevant to o | ur audit of | the Standalone |\n| Financial R | esults, and w | e have fulfil | led our oth | er ethical | responsibilities | in accordan | ce with these |\n| requirement | s and the Cod | e of Ethics. W | e believe th | at the audi | t evidence obtain | ed by us is | sufficient and |\n| appropriate | to provide a b | asis for our opi | nion. |  |  |  |  |\n| Board of Direct | ors' Responsi | bility for the | Standalone | Financial R | esults |  |  |\n| 4. These Stand | alone Financ | ial Results ha | ve been com | piled from | the standalone | annual au | dited financial |\n| statements. | The Bank's B | oard of Direc | tors are resp | onsible for | the preparation | and presen | tation of these |\n| Standalone | Financial Res | ults that gives | a true and f | air view of | the net profit af | ter tax and | other financial |\n| information | of the Bank i | n accordance | with the reco | gnition an | d measurement p | rinciples la | id down in AS |\n| specified un | der section 13 | 3 of the Act re | ad with relev | ant rules i | ssued thereunder, | the relevan | t provisions of |\n| the Banking | Regulation A | ct, 1949, the | circulars, gui | delines and | directions issue | d by RBI, R | BI Guidelines, |\n| and other ac | counting prin | ciples generall | y accepted in | India and | in compliance wi | th the Listin | g Regulations. |\n| This respons | ibility also inc | ludes mainten | ance of adequ | ate records | in accordance w | ith the prov | ision of the Act |\n| / Banking R | egulation A • | 49 for safe | guarding of t | he assets o | ft d fo | r preventin | g and detecting |\n| frauds and judgments a | other • nd e, ef:R | M selecti P/. ~ •e ason | on and appl able and pru | ication of dent; andn | '-#,ajj~~~t.: c m:11~J;1,..Ull,;li\\l\"~ | ounting po ntation and | licies; making maintenance of |\n|  | ~i 1011 W,10 | 22w * 0672 |  |  |  |  |  |", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "~ 101122w \ni W,100672 *", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "9cbafd352599cdcc", "content": "[TABLE] Company: AXIS | Year: FY2025 | Section: ~ 101122w \ni W,100672 * | Page: 13\n\n| M | M Nissim & Co | LLP |  |  |  |  | KKC | & Associates LLP |  |\n|---|---|---|---|---|---|---|---|---|---|\n| Cha | rtered Account | ants |  |  |  |  | Chart | ered Accountants |  |\n|  |  |  |  |  |  |  | (form | erly Khimji Kunverj | i & Co LLP) |\n|  | adequate intern | al financial | controls th | at were oper | at | ing effecti | vely for en | suring accuracy and | completeness |\n|  | of the accountin | g records, | relevant to | the prepara | tio | n and pre | sentation o | f the Standalone Fin | ancial Results |\n|  | that give a true | and fair vie | w and are | free from m | ate | rial misst | atement, w | hether due to fraud | or error, which |\n|  | has been used f | or the purpo | se of prep | aration of the | s | tandalone | financial r | esults by the Directo | rs of the Bank, |\n|  | as aforesaid. |  |  |  |  |  |  |  |  |\n| 5. | In preparing the | standalone | financial | results, the | Bo | ard of Dir | ectors is re | sponsible for assess | ing the Bank's |\n|  | ability to contin | ue as a goin | g concern | , disclosing, | as | applicabl | e. matters r | elated to going conc | ern, and using |\n|  | the going conce | rn basis of a | ccounting | unless the B | oa | rd of Dire | ctors eithe | r intends to liquidate | the Bank or to |\n|  | cease operations | or has no r | ealistic alt | ernative but | to | do so. |  |  |  |\n| 6. | The Board of D | irectors is a | lso respon | sible for over | se | eing the B | ank's finan | cial reporting proces | s. |\n| Aud | itor's Responsi | bilities for | the Audit | of the Stand | al | one Fina | ncial Resu | lts |  |\n| 7. | Our objectives | are to obtai | n reasonab | le assurance | ab | out wheth | er the stan | dalone financial resu | lts as a whole |\n|  | are free from m | aterial mis | statement, | whether du | e t | o fraud o | r error, an | d to issue an audito | r's report that |\n|  | includes our opi | nion. Reas | onable ass | urance is a h | ig | h level of | assurance | but is not a guarante | e that an audit |\n|  | conducted in ac | cordance w | ith SAs wi | ll always det | ec | t a materi | al misstate | ment when it exists. | Misstatements |\n|  | can arise from | fraud or er | ror and are | considered | m | aterial if, | individual | ly or in the aggrega | te, they could |\n|  | reasonably be e | xpected to i | nfluence t | he economic | d | ecisions o | f users tak | en on the basis of th | ese standalone |\n|  | financial results | . |  |  |  |  |  |  |  |\n| 8. | As part of an au | dit in accor | dance with | the SAs, we | ex | ercise pro | fessional j | udgment and mainta | in professional |\n|  | skepticism throu | ghout the a | udit. We a | lso: |  |  |  |  |  |\n|  | 8 .1. Identify an | d assess the | risks of m | aterial misst | ate | ment of t | he standalo | ne financial results, | whether due to |\n|  | fraud or er | ror, design | and perfor | m audit proc | ed | ures respo | nsive to th | ose risks, and obtain | audit evidence |\n|  | that is suff | icient and a | ppropriate | to provide a | b | asis for ou | r opinion. | The risk of not detec | ting a material |\n|  | misstateme | nt resultin | g from fra | ud is higher | th | an for on | e resulting | from error, as frau | d may involve |\n|  | collusion, | forgery, int | entional om | issions, mis | re | presentatio | ns, or the | override of internal | control. |\n|  | 8 .2. Obtain an | understandi | ng of inter | nal control re | le | vant to the | audit in o | rder to design audit p | rocedures that |\n|  | are approp | riate in the | circumsta | nces. Under | Se | ction 143 | (3)(i) of th | e Act, we are also r | esponsible for |\n|  | expressing | our opinio | n on wheth | er the Bank | ha | s adequat | e internal | financial controls wi | th reference to |\n|  | standalone | financial st | atements i | n place and t | he | operating | effectiven | ess of such controls. |  |\n|  | 8.3. Evaluate th | e appropria | teness of a | ccounting po | li | cies used a | nd the reas | onableness of accou | nting estimates |\n|  | and related | disclosure | s made by | the Board of | D | irectors. |  |  |  |\n|  | 8.4. Conclude o | n the appro | priateness | of the Board | o | f Directors | ' use of the | going concern b.asis | of acc'ounting |\n|  | and, based | on the aud | it evidenc | e obtained, | wh | ether a m | aterial unc | ertainty exists relate | d to events or |\n|  | conditions | that may c | ast signific | ant doubt on | t | he Bank's | ability to | continue as a going | concern. If we |\n|  | conclude t | hat a materi | al uncerta | inty exists, w | e | are requir | ed to draw | attention in our aud | itor's report to |\n|  | the related | disclosures | in the stan | dalone finan | cia | l results o | r, if such di | sclosures are inadeq | uate, to modify |\n|  | our opinio | n. Our conc | lusions ar | e based on t | he | audit evid | ence obtai | ned up to the date o | f our auditor's |\n|  | report. Ho | wever, futur | e events or | conditions m | a | y cause the | Bank to c | ease to continue as a | going concern. |\n|  | 8.5. Evaluate th | e overall pr | esentation | , structure an | d | content of | the standa | lone financial results | , including the |\n|  | disclosures | , and whet | her the st | andalone fin | an | cial resul | ts represen | t the underlying tr | ansactions and |\n|  | events in a | manner tha | t achieves | fair presenta | tio | n. |  |  |  |\n| 9. | We communicat | e with thos | e charged | with govern | an | ce regard | ing, among | other matters, the | planned Scope |\n|  | and timing of the | audit and | significant | audit finding | s, | including | any signifi | cant deficiencies in i | nternal control |\n|  | that we identify | during our | audit. |  |  |  |  |  |  |\n| 10. | We also provide | those char | ged with go | vernance wi | th | a stateme | nt that we | have complied with .r | elevant ethical |\n|  | requirements reg | arding ind | ependence, | and to com | mu | nicate wit | h them all | relationships and oth | er matters that |\n|  | may reasonably | be thought | to bear on | our indepen | de | nce, and w | here appli | cable, related safegu | ards. |", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "~ 101122w \ni W,100672 *", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "5a73cdf4c604fd6e", "content": "[TABLE] Company: AXIS | Year: FY2025 | Section: ~ 101122w \ni W,100672 * | Page: 14\n\n| M M | Nissim & | Co LLP |  |  |  |  | KKC & A | ssociates LLP |  |\n|---|---|---|---|---|---|---|---|---|---|\n| Cha | rtered Acco | untants |  |  |  |  | Chartere | d Accountants |  |\n|  |  |  |  |  |  |  | (formerly | Khimji Kunverji & | Co LLP) |\n| Oth | er Matters |  |  |  |  |  |  |  |  |\n| 11. | The Standal | one Financial Re | sults include the resu | lt for th | e | quar | ter ended ,31 M | arch 2025, being th | e balancing |\n|  | figures betw | een the audited | figures in respect of | the full | fi | nan | cial year and t | he published unaud | ited year to |\n|  | date figures | up to the third q | uarter of the current f | inancia | l y | ear | which were su | bject to limited rev | iew by us. |\n| 12. | The Standal | one Financial R | esults dealt with by | this rep | or | t ha | ve been prepa | red for the express | purpose of |\n|  | filing with N | ational Stock Ex | change oflndia Limi | ted and | B | SE L | imited. These | results are based on | and should |\n|  | be read with | the Audited Sta | ndalone Financial Sta | tement | s o | f th | e Bank, for the | year ended 31 Mar | ch 2025 on |\n|  | which we ha | ve issued an un | modified audit opini | on vide | o | ur re | port dated 24 | April 2025. Attenti | on is drawn |\n|  | to the fact th | at the standalon | e financial results of | the Ba | nk | for | the correspond | ing quarter and ye | ar ended 31 |\n|  | March 2024 | were audited by | predecessor auditors | whose | re | port | dated 24 April | 2024 expressed an | unmodified |\n|  | opinion on t | hose financial re | sults. |  |  |  |  |  |  |\n|  | Our opinion | is not modified | in respect of these m | atters. |  |  |  |  |  |\n|  | For MM N | issim & Co LL | P |  |  | For | KKC & Asso | ciates LLP |  |\n|  | Chartered | Accountants |  |  |  | Cha | rtered Accou | ntants |  |\n|  | Firm Regist | ration Number: | 107122W/ Wl00672 |  |  | (for | merly Khimji | Kunverji & Co LLP | ) |\n|  |  |  |  |  |  | Firm | Registration | Number: 105146W | /W100621 |\n|  | Sanjay Kh | emani |  |  |  |  |  |  |  |\n|  | Partner |  |  |  |  | Par | tner |  |  |\n|  | ICAl Memb | ership No.: 044 | 577 |  |  | ICA | l Membership | No.: 117348 |  |\n|  | UDIN: 250 | 44577BMOBDS | 4257 |  |  | UDI | N: 25 l l 7348 | BMOBBV5826 |  |\n|  | Place: Mum | bai |  |  |  | Plac | e: Mumbai |  |  |\n|  | Date: 24 Ap | ril 2025 |  |  |  | Date | : 24 April 202 | 5 |  |", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "~ 101122w \ni W,100672 *", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ead579288e673740", "content": "[TABLE] Company: AXIS | Year: FY2025 | Section: ~ 101122w \ni W,100672 * > 3. We conducted our audit in accordance with the Standard on Auditing ('SAs') specified under \nsection 143(10) of the Companies Act, 2013 ('the Act'). Our responsibilities under those SAs are \nfurther described in the Auditor's Responsibilities for the Audit of the Consolidated Financial \nResults section of our report. We are independent of the Group and its associate in accordance with \nthe Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical \nrequirements that are relevant to our audit of the financial statements under the provisions of the \nAct, and the rules thereunder, and we have fulfilled our other ethical responsibilities in accordance \nwith these requirements and the Code of Ethics. We believe _that _the audit evidence obtained by us \nand other auditors in terms of their audit reports ref erred to i \n~~~ti-\ners 1 p \nis sufficient and appropriate to provide a basis for our opini | Page: 15\n\n| M | M Nis | sim & Co LL | P |  |  |  | KKC & Associat | es LLP |  |\n|---|---|---|---|---|---|---|---|---|---|\n| Ch | artere | d Accountan | ts |  |  |  | Chartered Accou | ntants |  |\n|  |  |  |  |  |  |  | (formerly Khimji | Kunverji | & Co LLP) |\n| Bar | odawa | la Mansion, |  |  |  |  | Level-19, Sunshin | e Tower, |  |\n| 3rd | Floor, | 8 I, Dr. Anni | e Beas | ant Road, |  |  | Senapati Bapat M | arg, |  |\n| Wo | rli, |  |  |  |  |  | Elphinstone Road | , |  |\n| Mu | mbai 4 | 00 018 |  |  |  |  | Mumbai 400 013 |  |  |\n| Ind | epen | dent Audito | r's R | eport on the an | nual consol | idated fin | ancial results of | Axis Ba | nk Limited |\n| un | der R | egulation | 33 an | d Regulation | 52 of the | SEBI (L | isting Obligatio | ns and | Disclosure |\n| Re | quire | ments) Reg | ulatio | ns, 2015, as am | ended |  |  |  |  |\n| To |  |  |  |  |  |  |  |  |  |\n| The | Boar | d of Directo | rs of |  |  |  |  |  |  |\n| Axi | s Ban | k Limited |  |  |  |  |  |  |  |\n| Op | inion |  |  |  |  |  |  |  |  |\n| 1. | We | have audite | d the | accompanying | Consolidated | Financial | Results of Axis | Bank L | imited ('the |\n|  | Pare | nt' or 'the | Bank' | ) and its subsidi | aries (the Pa | rent and i | ts subsidiaries to | gether re | ferred to as |\n|  | 'the | Group') an | d its a | ssociate for the | year ended | 31 March | 2025, being su | bmitted b | y the Bank |\n|  | purs | uant to the r | equir | ement of Regula | tion 33 and | Regulation | 52 of the SEBI | (Listing | Obligations |\n|  | and | Disclosure | Requi | rements) Regula | tions, 2015, | as amend | ed ('Listing Reg | ulations' | ) except for |\n|  | the d | isclosures r | elatin | g to consolidated | Pillar 3 dis | closure as | at 31 March 202 | 5, includi | ng leverage |\n|  | ratio | , liquidity c | overa | ge ratio and net | stable fundi | ng ratio u | nder Basel III C | apital Re | gulations as |\n|  | have | been disclo | sed o | n the Bank's we | bsite and in | respect of | which a link has | been pro | vided in the |\n|  | Con | solidated Fi | nancia | l Results and ha | ve not been | audited by | us. |  |  |\n| 2. | In o | ur opinion a | nd to t | he best of our in | formation a | nd accordi | ng to the explana | tions giv | en to us and |\n|  | base | d on the con | sider | ation of reports | of other aud | itors on se | parate aud-ited fi | nancial st | atements of |\n|  | the s | ubsidiaries | and th | e management' | s be§t estima | te of the f | inancial informa | tion of as | sociate, the |\n|  | afor | esaid Conso | lidate | d Financial Resu | lts: |  |  |  |  |\n|  | 2.1. | includes the | finan | cial result of th | e entities list | ed in Ann | exure 1: |  |  |\n|  | 2.2. | is presente | d in a | ccordance with | the require | ments of R | egulation 33 an | d Regulat | ion 52 read |\n|  |  | with Regul | ation | 63(2) of the List | ing Regulat | ions excep | t for the disclos | ures relat | ing to Pillar |\n|  |  | 3 disclosur | e as a | t 31 March 202 | 5 including | leverage r | atio, liquidity co | verage r | atio and net |\n|  |  | stable fundi | ng rat | io under Basel I | II Capital R | egulations | as have been dis | closed o | n the Bank's |\n|  |  | website and | in res | pect of which a | link has bee | n provided | in the Consolida | ted Finan | cial Results |\n|  |  | and have no | t bee | n audited by us; | and; |  |  |  |  |\n|  | 2.3. | give a true | and fa | ir view in confo | rmity with t | he recogni | tion and measur | ement pri | nciples laid |\n|  |  | down in the | appli | cable Accountin | g Standards | ('AS'), th | e relevant provi | sions of t | he Banking |\n|  |  | Regulation | Act, | 1949, the circula | rs, guideline | s and dire | ctions issued by | the Rese | rve Bank of |\n|  |  | India ('the | RBI' | ) from time to | time ('RBI | Guidelin | es') and other a | ccountin | g principles |\n|  |  | generally a | ccepte | d in India, of co | nsolidated | net profit a | nd other financi | al inform | ation of the |\n|  |  | Group for t | he yea | r ended 31 Mar | ch 2025. |  |  |  |  |\n| Bas | is for | Opinion |  |  |  |  |  |  |  |\n| 3. | We c | onducted o | ur au | dit in accordanc | e with the | Standard | on Auditing ('S | As') spec | ified under |\n|  | sectio | n 143(10) o | f the | Companies Act, | 2013 ('the | Act'). Our | responsibilities | under th | ose SAs are |\n|  | furthe | r described | in th | e Auditor's Res | ponsibilitie | s for the | Audit of the Co | nsolidate | d Financial |\n|  | Resul | ts section o | f our r | eport. We are in | dependent o | f the Grou | p and its associat | e in acco | rdance with |\n|  | the C | ode of Ethic | s issu | ed by the Institut | e of Charter | ed Accoun | tants of India tog | ether wit | h the ethical |\n|  | requi | rements that | are r | elevant to our a | udit of the f | inancial st | atements under | the provi | sions of the |\n|  | Act, a | nd the rules | there | under, and we h | ave fulfilled | our other | ethical responsi | bilities in | accordance |\n|  | with t | hese require | ment | s and the Code | of Ethics. W | e believe _ | that _the audit evi | dence ob | tained by us |\n|  | and o | ther auditors | in te | rms of their audi | t reports ref | e rred to i | ~~~ti- e | rs 1 p |  |\n|  | is suf | ficient and a | pprop | riate to provide | a basis for o | ur opini |  |  |  |", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "~ 101122w \ni W,100672 *", "subsection": "3. We conducted our audit in accordance with the Standard on Auditing ('SAs') specified under \nsection 143(10) of the Companies Act, 2013 ('the Act'). Our responsibilities under those SAs are \nfurther described in the Auditor's Responsibilities for the Audit of the Consolidated Financial \nResults section of our report. We are independent of the Group and its associate in accordance with \nthe Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical \nrequirements that are relevant to our audit of the financial statements under the provisions of the \nAct, and the rules thereunder, and we have fulfilled our other ethical responsibilities in accordance \nwith these requirements and the Code of Ethics. We believe _that _the audit evidence obtained by us \nand other auditors in terms of their audit reports ref erred to i \n~~~ti-\ners 1 p \nis sufficient and appropriate to provide a basis for our opini", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "6ea9114593e03dcd", "content": "[TABLE] Company: AXIS | Year: FY2025 | Section: ~ 101122w \ni W,100672 * > Auditor's Responsibilities for the Audit of the Consolidated Financial Results | Page: 16\n\n| M | M Nissim & Co | LLP |  |  | KKC & Asso | ciates LLP |  |\n|---|---|---|---|---|---|---|---|\n| Cha | rtered Accoun | tants |  |  | Chartered A | ccountants |  |\n|  |  |  |  |  | (formerly K.hi | mji Kunverji | & Co LLP) |\n| Boa | rd of Directo | rs' responsibil | ities for the | Consolidated Fina | ncial Result | s |  |\n| 4. | These consoli | dated financial | results hav | e been compiled fr | om the cons | olidated an | nual audited |\n|  | financial state | ments. The B | ank's Board | of Directors are | responsible | for the pre | paration and |\n|  | presentation o | f these consoli | dated financia | l results that give a | true and fair | view of the | consolidated |\n|  | net profit and | other financial | information | of the Group inclu | ding its asso | ciate in acc | ordance with |\n|  | the recognitio | n and measure | ment princip | les laid down in AS | prescribed u | nder Sectio | n 133 of the |\n|  | Act read with | relevant rules | issued thereu | nder, the relevant p | rovisions of | the Bankin | g Regulation |\n|  | Act, 1949, th | e circulars, gu | idelines and | directions issued | by RBI, RB | I Guideline | s and other |\n|  | accounting pri | nciples genera | lly accepted | in India and in com | pliance with | the Listing | Regulations. |\n|  | The respectiv | e Board of Dir | ectors of the | entities included i | n the Group | and of its | associate are |\n|  | responsible fo | r maintenance | of adequate | accounting records | in accordanc | e with the p | rovisions of |\n|  | the Act and t | he Banking Re | gulation Act | , 1949 for safeguar | ding the ass | ets of the G | roup and its |\n|  | associate and | for preventing | and detectin | g frauds and other ir | regularities; | selection an | d application |\n|  | of appropriat | e accounting p | olicies; mak | ing judgments anc | l estimates t | hat are rea | sonable and |\n|  | prudent; and t | he design, imp | lementation | and maintenance o | f adequate in | ternal finan | cial controls |\n|  | that were ope | rating effectiv | ely for ensu | ring the accuracy | and complet | eness of the | accounting |\n|  | records, releva | nt to the prepa | ration and pr | esentation of the Co | nsolidated Fi | nancial Res | ults that give |\n|  | a true and fair | view and are f | ree from ma | terial misstatement, | whether due | to fraud or | error, which |\n|  | has been used | for the purpose | of preparati | on of the Consolida | ted Financial | Results by | the Directors |\n|  | of the Bank, a | s aforesaid. |  |  |  |  |  |\n| 5. | In preparing t | he Consolidate | d Financial | Results, the respecti | ve Board of | Directors o | f the entities |\n|  | included in th | e Group and of | its associate | are responsible for | assessing the | ability of th | e Group and |\n|  | of its associat | e to continue a | s a going co | ncern, disclosing, a | s applicable, | matters rela | ted to going |\n|  | concern and u | sing the going | concern basi | s of accounting unl | ess the respe | ctive Board | of Directors |\n|  | either intends | to liquidate the | Group or to | cease operations, o | r has no reali | stic alternat | ive but to do |\n|  | so. |  |  |  |  |  |  |\n| 6. | The respectiv | e Board of Dir | ectors of the | entities included i | n the Group | and of its | associate are |\n|  | responsible fo | r overseeing th | e financial re | porting process of t | he Group an | d of its asso | ciate. |\n| Aud | itor's Respon | sibilities for t | he Audit of t | he Consolidated F | inancial Res | ults |  |\n| 7. | Our objectives | are to obtain r | easonable ass | urance about wheth | er the Conso | lidated Fina | ncial Results |\n|  | are free from | material missta | tement, whet | her due to fraud or | error, and to | issue an au | ditor's report |\n|  | that includes o | ur opinion._ Re | asonable ass | urance is a high lev | el of assuran | ce but is no | t a guarantee |\n|  | that an audit c | onducted in ac | cordance wit | h SAs will always d | etect a mater | ial misstate | ment when it |\n|  | exists. Misstat | ements can aris | e from fraud | or error and are co | nsidered mate | rial if, indi | vidually or in |\n|  | the aggregate, | they could reas | onably be ex | pected to influence | the economic | decisions o | f users taken |\n|  | on the basis o | f these Consoli | dated Financ | ial Results. |  |  |  |\n| 8. | As part of an | audit in acco | rdance with | SAs, we exercise | professional | judgment a | nd maintain |\n|  | professional s | cepticism throu | ghout the au | dit. We also: |  |  |  |\n|  | 8.1. Identify a | nd assess the r | isks of mate | rial misstatement o | f the Consoli | dated Finan | cial Results, |\n|  | whether d | ue to fraud or | error, design | and perform audit | procedures r | esponsive t | o those risks, |\n|  | and obtai | n audit evidenc | e that is suff | icient and appropri | ate to provide | a basis for | our opinion. |\n|  | The risk | of not detectin | g a material | misstatement result | ing from frau | d is higher | than for one |\n|  | resulting | from error, | as fraud m | ay involve collusi | on, forgery, | intentiona | l omissions, |\n|  | misrepres | entations, or th | e override o | f internal control. |  |  |  |", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "~ 101122w \ni W,100672 *", "subsection": "Auditor's Responsibilities for the Audit of the Consolidated Financial Results", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "da7fc97c45821091", "content": "[TABLE] Company: AXIS | Year: FY2025 | Section: 8.4. Conclude on the appropriateness of the Board of Directors use of the going concern basis of \naccounting and, based on the audit evidence obtained, whether a material uncertainty exists \nrelated to events or conditions that may cast significant doubt on the Group and its associate \nto continue as a going concern. If we conclude that a material uncertainty exists, we are \nrequired to draw attention m our auditor's report to the related disclosures in the Consolidated \nFinancial Results or, if such disclosures are inadequate, to modify our opinion. Our \nconclusions are based on the audit evidence obtained up to the date of our auditor's report. \nHowever, future events or conditions may cause the Group and its associate to cease to \ncontinue as a going concern. | Page: 17\n\n| M | M Nis | sim & Co LLP |  |  |  | KKC & | Associates LLP |  |\n|---|---|---|---|---|---|---|---|---|\n| Cha | rtere | d Accountants |  |  |  | Charter | ed Accountants |  |\n|  |  |  |  |  |  | (formerl | y Khimji Kunverj | i & Co LLP) |\n|  | 8.2: | Obtain an un | derstanding | of internal co | ntrol rel | evant to the au | dit in order to | design audit |\n|  |  | procedures th | at are approp | riate in the cir | cumsta | nces. . Under Sec | tion 143(3)(i) o | f the Act, we |\n|  |  | are also respo | nsible for e | xpressing our | opinion | on whether the | Bank has adeq | uate internal |\n|  |  | financial con | trols with r | eference to | financia | l statements i | n place and t | he operating |\n|  |  | effectiveness | of such contr | ols. |  |  |  |  |\n|  | 8.3. | Evaluate the a | ppropriatene | ss of accountin | g polici | es used and the | reasonableness | of accounting |\n|  |  | estimates and | related discl | osures made b | y the Bo | ard of Directors | . |  |\n|  | 8.4. | Conclude on t | he appropria | teness of the | Board o | f Directors use | of the going con | cern basis of |\n|  |  | accounting an | d, based on | the audit evid | ence obt | ained, whether | a material unce | rtainty exists |\n|  |  | related to even | ts or conditi | ons that may | cast sign | ificant doubt o | n the Group and | its associate |\n|  |  | to continue as | a going co | ncern. If we | conclud | e that a materi | al uncertainty e | xists, we are |\n|  |  | required to dra | w attention | mo ur auditor's | report | to the related di | sclosures in the | Consolidated |\n|  |  | Financial Res | ults or, if | such disclosu | res are | inadequate, to | modify our | opinion. Our |\n|  |  | conclusions ar | e based on t | he audit evid | ence obt | ained up to the | date of our au | ditor's report. |\n|  |  | However, futu | re events o | r conditions | may cau | se the Group a | nd its associat | e to cease to |\n|  |  | continue as a g | oing concer | n. |  |  |  |  |\n|  | 8.5. | Evaluate the o | verall presen | tation, structu | re and c | ontent of the Co | nsolidated Fina | ncial Results, |\n|  |  | including the | disclosures, | and whether | the. Co | nsolidated Fin | ancial Results | represent the |\n|  |  | underlying tra | nsactions an | d events in a m | anner th | at achieves fair | presentation. |  |\n|  | 8.6. | Obtain sufficie | nt appropria | te audit evide | nce rega | rding the financ | ial information | of the entities |\n|  |  | within the Gro | up and its as | sociate to expr | ess an o | pinion on the Co | nsolidated Fina | ncial Results. |\n|  |  | We are respon | sible for the | direction, su | pervisio | n and performa | nce ·of the audi | t of financial |\n|  |  | information o | f such entitie | s included in | the Con | solidated Finan | cial Results of | which we are |\n|  |  | the independe | nt auditors. F | or the other en | tities in | cluded in the Co | nsolidated Fina | ncial Results, |\n|  |  | which have b | een audited | by other audit | ors, suc | h other auditor | s remain respon | sible for the |\n|  |  | direction, supe | rvision and | performance | of the au | dits carried ou | t by them. We r | emain solely |\n|  |  | responsible for | our audit op | inion. |  |  |  |  |\n| 9. | We c | ommunicate w | ith those ch | arged with gov | ernance | of the Bank an | d such other ent | ities included |\n|  | in th | e Consolidated | Financial Re | sults of which | we are | independent au | ditors regarding, | among other |\n|  | matt | ers, the planne | d scope and | timing of the | audit a | nd significant | audit findings, i | ncluding any |\n|  | signi | ficant deficien | cies in intern | al control that | we iden | tify during our | audit. |  |\n| 10. | We a | lso provide tho | se charged w | ith governanc | e of the | Bank with a stat | ement that we h | ave complied |\n|  | with | relevant ethic | al requireme | nts regarding | indepe | ndence, and to | communicate | with them all |\n|  | relati | onships and o | ther matters | that may reas | onably b | e thought to be | ar on our indep | endence, and |\n|  | wher | e applicable, r | elated safegu | ards. |  |  |  |  |\n| 11. | We a | lso performed | procedures i | n accordance | with the | circular issued b | y the SEBI und | er Regulation |", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "8.4. Conclude on the appropriateness of the Board of Directors use of the going concern basis of \naccounting and, based on the audit evidence obtained, whether a material uncertainty exists \nrelated to events or conditions that may cast significant doubt on the Group and its associate \nto continue as a going concern. If we conclude that a material uncertainty exists, we are \nrequired to draw attention m our auditor's report to the related disclosures in the Consolidated \nFinancial Results or, if such disclosures are inadequate, to modify our opinion. Our \nconclusions are based on the audit evidence obtained up to the date of our auditor's report. \nHowever, future events or conditions may cause the Group and its associate to cease to \ncontinue as a going concern.", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "4675eeebf06d6199", "content": "[TABLE] Company: AXIS | Year: FY2025 | Section: 8.4. Conclude on the appropriateness of the Board of Directors use of the going concern basis of \naccounting and, based on the audit evidence obtained, whether a material uncertainty exists \nrelated to events or conditions that may cast significant doubt on the Group and its associate \nto continue as a going concern. If we conclude that a material uncertainty exists, we are \nrequired to draw attention m our auditor's report to the related disclosures in the Consolidated \nFinancial Results or, if such disclosures are inadequate, to modify our opinion. Our \nconclusions are based on the audit evidence obtained up to the date of our auditor's report. \nHowever, future events or conditions may cause the Group and its associate to cease to \ncontinue as a going concern. | Page: 18\n\n| M | M Nissim & Co | LLP |  |  | KKC & | Associates LLP |  |\n|---|---|---|---|---|---|---|---|\n| Cha | rtered Account | ants |  |  | Charter | ed Accountants |  |\n|  |  |  |  |  | (formerl | y Khimji Kunverj | i & Co LLP) |\n| Oth | er Matters |  |  |  |  |  |  |\n| 12. | The Consolida | ted Fina | ncial Results | include financ | ial results of | Nine Subsidiar | ies and Two |\n|  | Stepdown Sub | sidiaries | whose Finan | cial Statements | reflect total | assets (before | consolidation |\n|  | adjustments) o | f Rs.53, 1 | 18.53 crore a | s at 31 March | 2025, total re | venue (before | consolidation |\n|  | adjustments) o | f Rs.2,07 | 6.90 crore a | nd Rs.8,503.4 | 0 crore, total | net profit afte | r tax (before |\n|  | consolidation a | djustment | s) ofRs.366.9 | 6 crore and Rs | .1,768.24 crore | for the quarter | ended and for |\n|  | the year ended | 31 March | 2025 respecti | vely, and net ca | sh inflow (befo | re consolidation | adjustments) |\n|  | of Rs.359 .39 c | rore for th | e year ended | 31 March 2025 | as considered | in the Consolida | ted Financial |\n|  | Results, which | have be | en audited by | their respecti | ve independent | auditors. The | independent |\n|  | auditors' report | s on finan | cial statemen | ts of these entiti | es have been fu | rnished to us an | d our opinion |\n|  | on the Consolid | ated Fina | ncial Results, | in so far as it re | lates to the amo | unts and disclos | ures included |\n|  | in respect of t | hese entit | ies, is based | solely on the | report of such | auditors and th | e procedures |\n|  | performed by u | s are as s | tated in parag | raph above. Fu | rther, of these s | ubsidiaries, one | subsidiary is |\n|  | located outside | India wh | ose financial s | tatements have | been prepared i | n accordance wi | th accounting |\n|  | principles gene | rally acce | pted in the re | spective countr | y and which ha | ve been audited | by its auditor |\n|  | under generall | y accepte | d auditing sta | ndards applicab | le in its countr | y. The Parent's | management |\n|  | has converted | the finan | cial statemen | ts of such subs | idiary from ge | nerally accepte | d accounting |\n|  | principles appli | cable in it | s respective c | ountry to genera | lly accepted ac | counting princip | les applicable |\n|  | in India. Our au | dit report | in so far as it | relates to the ba | lances and affa | irs of such subs | idiary located |\n|  | outside India, is | b~sed on | the report of o | ther auditors. A | ccording to the | information and | explanations |\n|  | given to us by | the Mana | gement, the | financial statem | ent. of this sub | sidiary is not m | aterial to the |\n|  | Group. Our opi | nion is no | t modified in | respect of these | matters. |  |  |\n| 13. | The Consolida | ted Finan | cial Results i | nclude financia | l result of one | subsidiary, wh | ose Financial |\n|  | Statements refl | ect Group | 's Share of tot | al asset (before | consolidation a | djustments) ofR | s.13.41 crore |\n|  | as at 31 March | 2025, tota | l revenue (bef | ore consolidatio | n adjustments) | ofRs.0.29 crore | and Rs.12.53 |\n|  | crore, total net | profit afte | r tax (before c | onsolidation ad | justments) ofRs | .5.88 crore and | Rs.0.34 crore |\n|  | for the_ quarter | and for th | e year ended | 31 March 2025 | , and net cash | outflow (before | consolidation |\n|  | adjustments) o | f Rs.411 | .60 crore for | the year end | ed 31 March | 2025 as consi | dered in the |\n|  | Consolidated F | inancial R | esults. These | financial statem | ents have been | furnished to us | by the Board |\n|  | of Directors an | d our opi | nion on the C | onsolidated Fi | nancial Results | , in so far as it | relates to the |\n|  | amounts and d | isclosures | included in r | espect of this s | ubsidiary is ba | sed solely on su | ch unaudited |\n|  | financial statem | ents. Thi | s subsidiary is | located outside | India, whose f | inancial stateme | nts have been |\n|  | prepared in acc | ordance | with accountin | g principles ge | nerally accepte | d in its country. | The Parent's |\n|  | management h | as conve | rted the fina | ncial results o | f this subsidia | ry from gener | ally accepted |\n|  | accounting pri | nciples a | pplicable in t | heir respective | country to ge | nerally accepte | d accounting |\n|  | principles appl | icable in | India. Accord | ing to the infor | mation and ex | planations given | to us by the |\n|  | management, t | he financi | al statement o | f this subsidiary | is not material | to the Group. | Our opinion is |\n|  | not modified in | respect o | f this matter. |  |  |  |  |\n| 14. | The Consolidat | ed Finan | cial Results al | so reflect Grou | p's share of to | tal net profit af | ter tax of Rs. |\n|  | 19.39 crore and | Rs.79.06 | crores for the | quarter and for | the year ended | 31 March 2025 | respectively, |\n|  | as considered | in these | Consolidated | Financial Res | ults, in respect | of one associ | ate based on |\n|  | management's | best estim | ate in the abse | nce of the finan | cial statements. | According to th | e information |\n|  | and explanation | s given t | o us by the m | anagement, the | financial infor | mation of this a | ssociate is not |\n|  | material to the | Group. O | ur opinion is n | ot modified in | respect of this | matter. |  |\n| 15. | The Consolidat | ed Financ | ial Results in | clude the result | s for the quarte | r ended 31 Mar | ch 2025 being |\n|  | the balancing | figure bet | ween the au | dited figures in | respect of the | full financial | year and the |\n|  | published unau | dited year | to date figur | es up to the thir | d quarter of the | current financi | al year which |\n|  | were subject to | limited re | view by us. |  |  |  |  |", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "8.4. Conclude on the appropriateness of the Board of Directors use of the going concern basis of \naccounting and, based on the audit evidence obtained, whether a material uncertainty exists \nrelated to events or conditions that may cast significant doubt on the Group and its associate \nto continue as a going concern. If we conclude that a material uncertainty exists, we are \nrequired to draw attention m our auditor's report to the related disclosures in the Consolidated \nFinancial Results or, if such disclosures are inadequate, to modify our opinion. Our \nconclusions are based on the audit evidence obtained up to the date of our auditor's report. \nHowever, future events or conditions may cause the Group and its associate to cease to \ncontinue as a going concern.", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "42236eeff8a55936", "content": "[TABLE] Company: AXIS | Year: FY2025 | Section: ~l~~ \n~=~~ \nPartner \nICAI Membership No.: 117348 \nUDIN: 251 l 7348BMOBBX5978 \nPlace: Mumbai \nDate: 24 April 2025 | Page: 19\n\n| Nissirn & Co LL | P |  |  | KKC & Associ | ates LLP |  |\n|---|---|---|---|---|---|---|\n| rtered Accountan | ts |  |  | Chartered Acc | ountants |  |\n|  |  |  |  | (formerly Khim | ji Kunverji & Co | LLP) |\n| The Consolidate | d Financial Results d | ealt with by thi | s repor | t have been pr | epared for the | express |\n| purpose of filing | with National Stock | Exchange of In | dia Lim | ited and BSE | Limited. These | results |\n| are based on and | should be read with | the Audited Co | nsolidat | ed Financial S | tatements of th | e Bank, |\n| for the year ende | d 31 March 2025 on | which we have | issued | an unmodified | audit opinion v | ide our |\n| report dated 24 A | pril 2025. Attention | is drawn to the | fact tha | t the Consolid | ated Financial | Results |\n| of the Bank for | the corresponding | quarter and ye | ar ende | d 31 March 2 | 024 were aud | ited by |\n| predecessor audit | ors whose report dat | ed 24 April 202 | 4 expre | ssed an unmod | ified opinion o | n those |\n| financial results. | Our opinion is not m | odified in respe | ct ofthi | s matters. |  |  |\n| For M M Nissim | & Co LLP |  | For KK | C & Associates | LLP |  |\n| Chartered Accou Firm Registration | ntants Num | 100672 | Charter (formerl | ed Accountant y Khimji Kunve | s rji & Co LLP) |  |\n|  | ~~~ |  | Firm Re | gistration Numb | er: 105146W/W | l00621 |\n| ~ |  |  |  |  |  |  |\n|  |  |  | ~l | ~~ |  |  |\n| Sanjay Khemani |  |  | ~= | ~~ |  |  |\n| Partner ICAI Membership | No.: 044577 |  | Partner ICAI M | embership No.: | 117348 |  |\n| UDIN: 25044577 | BMOBDT6707 |  | UDIN: 2 | 51 l 7348BMOB | BX5978 |  |\n| Place: Mumbai |  |  | Place: M | umbai |  |  |\n| Date: 24 April 202 | 5 |  | Date: 24 | April 2025 |  |  |", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "~l~~ \n~=~~ \nPartner \nICAI Membership No.: 117348 \nUDIN: 251 l 7348BMOBBX5978 \nPlace: Mumbai \nDate: 24 April 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "74f01dea5d8a320c", "content": "[TABLE] Company: AXIS | Year: FY2025 | Section: RE_GISTERED OfflCE : \"Tri~hul\" - 3rJ Floor Opp. SamcJrthe:;war Temple, Near Law Garden, \nEll1sbndge, Allmedabad - 380006. Telephone No. 079-26409322 Fax No. - 079-26409321 \nCIN: L651 10GJ1 993PLC020769 Website - www.a~i5bank.( om \n\"AXIS BANK | Page: 20\n\n|  | We hereby d | eclare that the Joint | Statutory Auditors of the Bank viz, M/s. M M Nissim & | Co. LLP, |\n|---|---|---|---|---|\n|  | Chartered Ac | countants and M/s. | KKC & Associates LLP, Chartered Accountants, hav | e issued |\n|  | their Audit R | e'ports with unmodifi | ed opinion on the Standalone and Consolidated | Financial |\n|  | Results of Axis | Bank Limited for the | year ended March 31, 2025. |  |\n|  | This is for your | information and reco | rds. |  |\n|  | Thanking You. |  |  |  |\n|  | Yours faithfully | , |  |  |\n|  | For Axis Bank | Limited |  |  |\n|  | f ~.s;:[ | ,sw~ |  |  |\n|  | Puneet Sharm | a |  |  |\n|  | Group Executi | ve and Chief Financ | ial Officer |  |\n|  | Place: Mumba | i |  |  |\n|  | Date: April 24, | 2025 |  |  |\n| 8th Floor AXIS Ho Marg Mumbai . M RE_GISTERED OfflC | use C 2 Wadia Inte aharashtra . India E: \"Tri~hul\" -3rJ | rnational Centre Pandurang 400025 Floor Opp. SamcJrthe:;war Te | Budhkar mple, Near Law Garden, |  |", "company": "AXIS", "ticker": "AXISBANK", "source_file": "AXIS.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "RE_GISTERED OfflCE : \"Tri~hul\" - 3rJ Floor Opp. SamcJrthe:;war Temple, Near Law Garden, \nEll1sbndge, Allmedabad - 380006. Telephone No. 079-26409322 Fax No. - 079-26409321 \nCIN: L651 10GJ1 993PLC020769 Website - www.a~i5bank.( om \n\"AXIS BANK", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "8b85173e2c9811cc", "content": "THE MANAGER, THE MANAGER, BSE LIMITED LISTING DEPARTMENT DCS-CRD NATIONAL STOCK EXCHANGE OF INDIA LTD. PHIROZE :JEE:JEEBHOV TOWERS EXCHANGE PLAZA, C-1, BLOCK G, DALAL STREET, BANDRA - KURLA COMPLEX, BANDRA (EAST) MUMBAI - 400 001 MUMBAI - 400 051 SCRIP CODE: 500034 SCRIP CODE: BA:JFINANCE - EQ Sub: Outcome of Meeting of Board of Directors In terms of provisions of Regulation 30 read with Regulation 51 (Part A and Part B of Schedule Ill) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015. (SEBI Listing Regulations). as amended. this is to inform you that the Board of Directors of the Company. at their meeting held today. i.e .. 29 April 2025: A. Considered and declared Special Clnterim) Dividend on equity shares for the financial year ended 31 March 2025: The Board of Directors have declared a Special (Interim) Dividend on equity shares at the rate of Rs. 12 per share (600%) of face value of Rs. 2 each for the financial year ended 31 March 2025. The same will be credited/dispatched on or about 26 May 2025. The distribution of Special (Interim) Dividend is on account of exceptional gain resulting from the sale of investment in Bajaj Housing Finance Limited (\"BHFL\") as part of IPO listing in September 2024. Further. pursuant to Regulation 42 of the SEBI Listing Regulations. the record date for the purpose of determining the members eligible to receive the Special (Interim) Dividend for the", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 1, "section": "Introduction", "subsection": "BA:JA:J FINANCE LIMITED", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "18221a070c67a0d4"}, {"chunk_id": "eebc81a8e77cdec5", "content": "September 2024. Further. pursuant to Regulation 42 of the SEBI Listing Regulations. the record date for the purpose of determining the members eligible to receive the Special (Interim) Dividend for the financial year ended 31 March 2025. has been fixed as 9 May 2025. B. Approved the audited standalone and consolidated financial results for the quarter and financial year ended 31 March 2025: Approved the audited standalone and consolidated financial results of the Company prepared as per Indian Accounting Standard (Ind AS) for the quarter and financial year ended 31 March 2025. Following documents are enclosed herewith: 1. A copy of the said financial results along with audit report pursuant to Regulation 33 and Regulation 52 of the SEBI Listing Regulations. The audit reports are submitted with unmodified opinion(s) (free from any qualifications) and a declaration to that effect is enclosed. 2. Details as per Regulation 52(4) of SEBI Listing Regulations. BA:JA:J FINANCE LIMITED https://www.aboutbajajfinserv.com/finance-about-us", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 1, "section": "Introduction", "subsection": "BA:JA:J FINANCE LIMITED", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "18221a070c67a0d4"}, {"chunk_id": "c25c0fe44af7fc7e", "content": "Corporate Office: 4'\" Floor. Bajaj Finserv Corporate Office. Off Pune-Ahmednagar Road. Viman Nagar. Pune - 411 014. Maharashtra. India Corporate Office Extn.: 3'' Floor. Panchshil Tech Park. Viman Nagar. Pune - 411 014. Maharashtra. India Tel: +91 20 7157 6403 I Fax: +91 20 7157 6364 Registered Office: C/o Bajaj Auto Limited complex. Mumbai - Pune Road. Akurdi. Pune - 411 035. Maharashtra. India Corporate ID No.: L65910MH1987PLC042961 I Email ID: investor.service@bajajfinserv.in 3. Press release regarding financial performance. 4. Certificate of Security Cover available in case of non-convertible debt securities pursuant to Regulation 54(3) of the SEBI Listing Regulations read with SEBI circular SEBl/HO/MIRSD/MIRSO_CRADT /CIR/P/2022/67 dated 19 May 2022. 5. Certificate on use of proceeds from issue of Commercial papers. 6. A statement as per Regulation 52(7) and (7A) of the SEBI Listing Regulations read with SEBI Master circular dated 29 July 2022, as updated on 21 May 2024. 7. Statement of deviation(s) or variation(s) in respect of Preferential Issue (Pl) as per Regulation 32(1) of the SEBI Listing Regulations; 8. Monitoring Agency Report in respect of Pl as per Regulation 32(6) of the SEBI Listing Regulations read with Regulation 162A of the SEBI (Issue of Capital and Disclosure Requirements) Regulations. 2018; and 9. Statement of Related Party Transactions pursuant to the provisions of Regulation 23(9) of SEBI Listing Regulations. C.", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "mo \nme", "subsection": "BA:JA:J FINANCE LIMITED", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4bba2021004324d2"}, {"chunk_id": "c12a3cad4cef031e", "content": "Requirements) Regulations. 2018; and 9. Statement of Related Party Transactions pursuant to the provisions of Regulation 23(9) of SEBI Listing Regulations. C. Recommended Final Dividend on equity shares for the financial year ended 31 March 2025: The Board of Directors have recommended Final Dividend on equity shares at the rate of Rs. 44 per share (2200%) of face value of Rs. 2 each for the financial year 31 March 2025. The said dividend, if declared, by the shareholders at the ensuing Annual General Meeting, will be credited/dispatched on or about 28 July 2025. Further. pursuant to Regulation 42 of the SEBI Listing Regulations, the record date for the purpose of determining the members eligible to receive the Final Dividend for the financial year ended 31 March 2025, has been fixed as 30 May 2025. D. Considered and recommended Sub-division of equity shares and issue of Bonus Shares: Sub-division of 1 (one) equity share of face value of Rs. 2 each fully paid-up into 2 (two) equity shares of face value of Re. 1 each fully paid-up; and Issue of bonus equity shares in the ratio of 4:1 i.e., 4 (Four) bonus equity shares of Re. 1 (Rupee One) each for every 1 (one) equity share of Re. 1 (Rupee One) each fully paid up. held by the shareholders of the Company as on the record date, subject to the approval of shareholders through Postal Ballot. E. Considered and recommended amendment to Capital Clause of Memorandum of Association:", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "mo \nme", "subsection": "BA:JA:J FINANCE LIMITED", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4bba2021004324d2"}, {"chunk_id": "8400e70e91da4389", "content": "shareholders through Postal Ballot. E. Considered and recommended amendment to Capital Clause of Memorandum of Association: Amendment to the Capital Clause (Clause V) of the Memorandum of Association of the Company (MoA) to increase the authorised share capital of the Company from Rs. 1.500,000,000/- (Rupees One Hundred and Fifty Crore) to Rs. 10,000,000,000/- (Rupees One Thousand Crore), subject to the approval of shareholders through Postal Ballot. F. Fixed date of Annual General Meeting: The 38th Annual General Meeting of the Company will be held on Thursday, 24 July 2025. Further details will be provided in due course. BA:JA:J FINANCE LIMITED https://www.aboutbajajfinserv.com/finance-about-us :orporate Office: 4th Floor. Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road. Viman Nagar, Pune - 411 014, 1aharashtra. India :orporate Office Extn.: 3'd Floor. Panchshil Tech Park, Viman Nagar, Pune - 411 014, Maharashtra. India el: +91 20 7157 6403 I Fax: +91 20 7157 6364 egistered Office: C/o Bajaj Auto Limited complex, Mumbai - Pune Road. Akurdi. Pune - 411 035, Maharashtra, India orporate ID No.: L65910MH1987PLC042961 I Email ID: investor.service@bajajfinserv.in Details in terms of SEBI Circular SEBl/HO/CFD/Po02/CIR/P/0155, dated 11 November 2024, is attached as Annexure - A. The Board Meeting today commenced at 2.30 p.m. and concluded at 4.40 p.m. We request you to kindly take the same on record.", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "mo \nme", "subsection": "BA:JA:J FINANCE LIMITED", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4bba2021004324d2"}, {"chunk_id": "4351cde2590aefbe", "content": "attached as Annexure - A. The Board Meeting today commenced at 2.30 p.m. and concluded at 4.40 p.m. We request you to kindly take the same on record. Cc: Catalyst Trustee Ltd. (Debenture Trustee, Pune) Encl.: As above BA::JA::J FINANCE LIMITED https://www.aboutbajajfinserv.com/finance-about-us :orporate Office: 4th Floor, Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road. Viman Nagar. Pune - 411 014. ~aharashtra, India :orporate Office Extn.: 3•• Floor. Panchshil Tech Park. Vim an Nagar. Pune - 411 014, Maharashtra. India ·el: +91 20 7157 6403 I Fax: +91 20 7157 6364 legistered Office: C/o Bajaj Auto Limited complex. Mumbai - Pune Road, Akurdi, Pune - 411 035, Maharashtra. India :orporate ID No.: L65910MH1987PLC042961 [Email ID: investor.service@bajajfinserv.in 1. Split/eonsolidation of shares: Sr. Particulars No. a. Split/consolidation ratio Sub-division of 1 (one) equity share of face value of Rs. 2 each fully paid-up into 2 (two) equity shares of face value of Re. 1 each fully paid-up. b. Rationale behind the The Corporate actions are proposed to enable retail split/consolidation shareholder to partake in the Company's future. c. Pre and post share capital - Particulars Pre-sub-division Post-sub-division authorized, paid-up and No. of Face No. of shares Face subscribed shares Value Value (Rs.) (Rs.) Authorised 75,00,00,000 2 1.50,00,00,000 1 Paid up 62,14,28,652 2 1.24,28,57,304 1 Subscribed 62,14,28,652 2 1.24,28,57,304 1 d.", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "mo \nme", "subsection": "BA:JA:J FINANCE LIMITED", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4bba2021004324d2"}, {"chunk_id": "ce058a0f958ab5bd", "content": "authorized, paid-up and No. of Face No. of shares Face subscribed shares Value Value (Rs.) (Rs.) Authorised 75,00,00,000 2 1.50,00,00,000 1 Paid up 62,14,28,652 2 1.24,28,57,304 1 Subscribed 62,14,28,652 2 1.24,28,57,304 1 d. Expected time of completion The Company will complete corporate action on or before 27 June 2025, subject to necessary approvals. e. Class of shares which are Equity shares (There is only one class of equity shares) consolidated OF sub-divided f. Number of shares of each Not applicable since there is only one class of equity class pre and post-split ef shares consolidation g. Number of shareholders whc Not applicable did not get any shares in consolidation and their pre- consolidation shareholding BA:JA:J FINANCE LIMITED https:/ /www.aboutbajajfinserv.com/fina nee-a bout-us Corporate Office: 4'\" Floor. Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road, Viman Nagar, Pune - 411 014, \"1aharashtra, India :::orporate Office Extn.: 3'' Floor, Panchshil Tech Park, Viman Nagar, Pune - 411 014, Maharashtra, India rel: +91 20 7157 6403 I Fax: +91 20 7157 6364 tegistered Office: C/o Bajaj Auto Limited complex. Mumbai - Pune Road, Akurdi. Pune - 411 035, Maharashtra. India :orporate ID No.: L65910MH1987PLC042961 I Email ID: investor.service@bajajfinserv.in Sr. Particulars No. a. Type of securities proposed to be issued (viz. equity shares, convertibles etc.); b. Type of issuance (further public offering, rights issue, depository receipts (ADR/GDR), qualified institutions placement.", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "mo \nme", "subsection": "BA:JA:J FINANCE LIMITED", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4bba2021004324d2"}, {"chunk_id": "86c2d04c2312921d", "content": "c. Total number of securities 4,97,14,29.216 equity shares of Re. 1 each fully paid up. proposed to be issued or the total amount for which the securities will be issued (approximately); \\ d. Whether bonus is out of free Share Premium account reserves created out of profits or share premium account; e. Bonus ratio 4 (Four) bonus equity shares of Re. 1 (Rupee One) each for every 1 (one) equity share of Re. 1 (Rupee one) each fully paid up. f. Details of share capital - pre Particulars Pre-Bonus Issue Post-Bonus Issue and post bonus issue (after No. of shares Face No. of shares Face giving effect to split Value Value (Rs.) (Rs.) adjustment) Authorised 1.50,00,00,000 1 10,00,00,00,000 1 Paid up 1,24,28,57,304 1 6,21.42,86,520 1 Subscribed 1.24.28.57,304 1 6,21.42,86,520 1 g. Free reserves and/ or share premium required for Rs. 4,97,14,29,216 implementing the bonus issue h. Free reserves and/ or share Rs. 28,281.59 crore as on 31 March 2025. premium available for capitalization and the date as on which such balance is available i. Whether the aforesaid figures Yes are audited j. Estimated date by which such The Company will complete corporate action on or before bonus shares would be 27 ::June 2025, subject to necessary approvals. credited/dispatched BA:JA:J FINANCE LIMITED https:/ /www.aboutbajajfinserv.com/fina nee-a bout-us ::orporate Office: 4'h Floor. Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road. Viman Nagar. Pune - 411 014, ~orporate Office Extn.: 3'' Floor, Panchshil Tech Park, Viman Nagar.", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "mo \nme", "subsection": "BA:JA:J FINANCE LIMITED", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5a218a4135893b6e"}, {"chunk_id": "3fd21863a67a50fd", "content": "::orporate Office: 4'h Floor. Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road. Viman Nagar. Pune - 411 014, ~orporate Office Extn.: 3'' Floor, Panchshil Tech Park, Viman Nagar. Pune - 411 014, Maharashtra. India \"el: +91 20 7157 6403 I Fax: +91 20 7157 6364 tegistered Office: C/o Bajaj Auto Limited complex, Mumbai - Pune Road. Akurdi. Pune - 411 035, Maharashtra. India :orporate m No.: L65910MH1987PLC042961 I Email ID: investor.service@bajajfinserv.in Price Waterhouse LLP Chartered Accountants Kirtane & Pandit LLP Chartered Accountants 252, Veer Savarkar Marg Shivaji Park Dadar (West) Mumbai 400 028 5th Floor, Wing-A, Gopal House S. No. 127/1B/ 1 Kothrud INDEPENDENT AUDITOR'S REPORT To The Board of Directors Bajaj Finance Limited Report on the Audit of the Standalone Financial Results 1. We have jointly audited the accompanying standalone financial results of Bajaj Finance Limited (hereinafter referred to as \"the Company\") for the year ended March 31, 2025, attached herewith, the Standalone Statement of Assets and Liabilities as on that date and the Standalone Statement of Cash Flows for the year ended on that date (the \"Standalone Financial Results\") which are included in the accompanying 'Statement of unaudited/audited Standalone financial results for the Quarter and Financial year ended March 31, 2025' (the \"Statement\"), being submitted by the Company pursuant", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "mo \nme", "subsection": "BA:JA:J FINANCE LIMITED", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5a218a4135893b6e"}, {"chunk_id": "48877ac36b77d4ee", "content": "accompanying 'Statement of unaudited/audited Standalone financial results for the Quarter and Financial year ended March 31, 2025' (the \"Statement\"), being submitted by the Company pursuant to the requirement of Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the \"Listing Regulations\"). 2. In our opinion and to the best of our information and according to the explanations given to us, the Standalone Financial Results: (i) are presented in accordance with the requirements of Regulation 33 and Regulation 52 read with Regulation 63 of the Listing Regulations; and (ii) give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards prescribed under Section 133 of the Companies Act, 2013(the \"Act\") read with relevant rules issued thereunder, the circulars, guidelines and directions issued by the Reserve Bank .of India (RBI) Guidelines (\"RBI Guidelines\") and other accounting principles generally accepted in India, of the net profit and other comprehensive income and other financial information for the year ended March 31, 2025, and also the Standalone Statement of Assets and Liabilities as at March 31, 2025 and the Standalone Statement of Cash Flows for the year 3.", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "mo \nme", "subsection": "BA:JA:J FINANCE LIMITED", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5a218a4135893b6e"}, {"chunk_id": "40fbd0e561c8d481", "content": "financial information for the year ended March 31, 2025, and also the Standalone Statement of Assets and Liabilities as at March 31, 2025 and the Standalone Statement of Cash Flows for the year 3. We conducted our audit in accordance with the Standards on Auditing (SAs) specified under Section 143(10) of the Companies Act, 2013 Cthe \"Act\") and other applicable authoritative pronouncements issued by the Institute of Chartered Accountants of India (\"ICAI\"). Our responsibilities under those Standards are further described in the 'Auditor's Responsibilities for the Audit of the Standalone Financial Results' section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the ICAI together with the ethical requirements that are relevant to our audit of the Standalone Financial Statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Board of Directors' Responsibilities for the Standalone Financial Results Price Waterhouse LLP Chartered Accountants Kirtane & Pandit LLP Chartered Accountants 252, Veer Savarkar Marg Shivaji Park Dadar (West) Mumbai 400 028 5th Floor, Wing-A, Gopal House S. No. 127/ 1B/ 1 Kothrud Pune 411 029", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "mo \nme", "subsection": "BA:JA:J FINANCE LIMITED", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5a218a4135893b6e"}, {"chunk_id": "22a65350f09dbd0a", "content": "Price Waterhouse LLP Chartered Accountants Kirtane & Pandit LLP Chartered Accountants 252, Veer Savarkar Marg Shivaji Park Dadar (West) Mumbai 400 028 5th Floor, Wing-A, Gopal House S. No. 127/ 1B/ 1 Kothrud Pune 411 029 other financial information, the Standalone Statement of Assets and Liabilities and the Standalone Statement of Cash Flows in accordance with the recognition and measurement principles laid down in Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder, the RBI Guidelines and other accounting principles generally accepted in India and in compliance with Regulation 33 and Regulation 52 read with Regulation 63 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Standalone Financial Results that give a true and fair view and are free from material misstatement, whether due to fraud or error. 5.", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "mo \nme", "subsection": "BA:JA:J FINANCE LIMITED", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5a218a4135893b6e"}, {"chunk_id": "1ec60fbe35f99b4e", "content": "the Standalone Financial Results that give a true and fair view and are free from material misstatement, whether due to fraud or error. 5. In preparing the Standalone Financial Results, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. 6. The Board of Directors are also responsible for overseeing the Company's financial reporting process. Auditor's Responsibilities for the Audit of the Standalone Financial Results", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "mo \nme", "subsection": "BA:JA:J FINANCE LIMITED", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5a218a4135893b6e"}, {"chunk_id": "7f25ddfd3d8be4fe", "content": "7. Our objectives are to obtain reasonable assurance about whether the Standalone Financial Results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to inffoence the economic decisions of users taken on the basis of these Standalone Financial Results. 8. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the Standalone Financial Results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 9, "section": "mo \nme", "subsection": "foCPj~~", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cc245643c7df3308"}, {"chunk_id": "44fda1d4f161b6f4", "content": "of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate internal financial controls with reference to Standalone financial statements in place and the operating effectiveness of such controls. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors. Price Waterhouse LLP Chartered Accountants Kirtane & Pandit LLP Chartered Accountants 252, Veer Savarkar Marg Shivaji Par]): Dadar (West) Mumbai 400 028 5th Floor, Wing-A, Gopal House S. No. 127/1B/1 Kothrud to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. Ifwe conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern. • Evaluate the overall presentation, structure and content of the Standalone Financial Results,", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 9, "section": "mo \nme", "subsection": "foCPj~~", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cc245643c7df3308"}, {"chunk_id": "9a1bac42b37d4d3b", "content": "However, future events or conditions may cause the Company to cease to continue as a going concern. • Evaluate the overall presentation, structure and content of the Standalone Financial Results, including the disclosures, and whether the financial results represent the underlying transactions and events in a manner that achieves fair presentation. 9. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. 10. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. 11. The standalone financial results of the Company for the year ended March 31, 2024, were audited jointly by previous joint statutory auditors who, vide their report dated April 25, 2024, expressed an unmodified opinion on those financial results. · 12. The Standalone Financial Results include the results for the quarter ended March 31, 2025 being the balancing figures between the audited figures in respect of the full financial year and the published", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 9, "section": "mo \nme", "subsection": "foCPj~~", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cc245643c7df3308"}, {"chunk_id": "07e0a2a09ebed516", "content": "12. The Standalone Financial Results include the results for the quarter ended March 31, 2025 being the balancing figures between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review by us. Our opinion on the Standalone Financial Results is not modified in respect of above matters. · For Price Waterhouse LLP For Kirtane & Pandit LLP Chartered Accountants Firm Registration Number: 105215W/ W100057 Chartered Accountants ·Firm Registration Number: 301112E/ E300264 Sharad Vasant Partner MemberE?hip Number_: 101119 eshpande Partner Membership Number: 031787 UDIN: 25101119BMIFBI7815 Pune April 29, 2025 UDIN: 25031787BlVH:·JUGA9770 Pune April 29, 2025 Statement of unaudited/audited Standalone financial results for the Quarter and Financial year ended 31 March 2025 Standalone Statement of Profit and Loss ('{in crore) Quarter ended Year ended Particulars 31 .03.2025 31.12.2024 31.03.2024 31.03.2025 31 .03.2024 (Unaudited) (Unaudited) (Unaudited) (Audited) (Audited) 1 Income (a) Revenue from operations Interest income 13,824.05 13,277.33 11 ,200.82 51,548.57 40,782.76 Fees and commission income 1,445.74 1,431.48 1,240.54 5,640.87 5,007.41 Net gain on fair value changes 82.83 123.75 35.33 344.00 138.85 Sale of services (12 17) 1.71 9.90 18.11 24 05 Income on derecognised (assigned) loans 145.94 157.14 - 459 02 - Other operating income 310.57 379.61 273.90 1,369.17 985.73 Total revenue from operations 15,796.96 15,371.02 12,760.49", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 9, "section": "mo \nme", "subsection": "foCPj~~", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cc245643c7df3308"}, {"chunk_id": "3af1a3addbe37838", "content": "35.33 344.00 138.85 Sale of services (12 17) 1.71 9.90 18.11 24 05 Income on derecognised (assigned) loans 145.94 157.14 - 459 02 - Other operating income 310.57 379.61 273.90 1,369.17 985.73 Total revenue from operations 15,796.96 15,371.02 12,760.49 59,379.74 46,938.80 (b) Other income 11.44 22.89 3.94 40.10 7.18 Total income 15,808.40 15,393.91 12,764.43 59,419.84 46,945.98 2 Expenses (a) Finance costs 4,914.16 4,777.29 3,860.80 18,437.35 13,843.44 (b) Fees and commission expense 729 02 684.64 522.34 2,599.79 1,959.08 (c) Impairment on financial instruments 2,300.22 2,007.98 1,277.51 7,882.86 4,572.19 (d} Employee benefits expense 1,783.53 1,808.79 1,503.49 6,907.28 5,849.47 (e) Depreciation and amortisation expenses 235.99 204.56 178.69 821.98 629.13 (f) Other expenses 940.61 932.59 855.14 3,638.60 3,039.59 Total expenses 10,903.53 10,415.85 8, 197.97 40,287.86 29,892.90 3 Profit before exceptional items and tax (1-2) 4,904.87 4,978.06 4,566.46 19,131 .98 17,053.08 4 Exceptional Items (refer note no. 7) - - - 2,544.11 - 5 Profit before tax (3+4) 4,904.87 4,978.06 4,566.46 21,676.09 17,053.08 6 Tax expense (a) Current tax -Current year 1,107.70 1,310.80 1,141.00 5,353.50 4,436.00 -Earlier years (224.27) (22.44) - (249.47) - (b) Deferred tax ( credit)/charge 81.00 (16.11) 23.55 (89.44) (27.03) Total tax expense 964.43 1,272.25 1,164.55 5,014.59 4,408.97 7 Profit after tax (5-6) 3,940.44 3,705.81 3,401 .91 16,661.50 12,644.11 8 Other comprehensive income (a) Items that will not be reclassified to Qrofit or loss - Remeasurement gains/(losses) on defined benefit plans 5.87 (0.99) (59.64) (22.35) (59.64)", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 9, "section": "mo \nme", "subsection": "foCPj~~", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cc245643c7df3308"}, {"chunk_id": "2319a906ccc6dedb", "content": "3,940.44 3,705.81 3,401 .91 16,661.50 12,644.11 8 Other comprehensive income (a) Items that will not be reclassified to Qrofit or loss - Remeasurement gains/(losses) on defined benefit plans 5.87 (0.99) (59.64) (22.35) (59.64) - Tax impact on above (1.48) 0.25 15.01 5.63 15.01 - Changes in fair value of fair value through OCI (FVOCI) equity instruments (154.62) 74.46 67.81 (95.49) 151 .62 - Tax impact on above 22.11 (10.65) (1741) 25.22 (29.82) (b) Items that will be reclassified to Qrofit or loss", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 9, "section": "mo \nme", "subsection": "foCPj~~", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cc245643c7df3308"}, {"chunk_id": "d221538a519e01ea", "content": "- Changes in fair value of FVOCI debt securities 50.90 (62.18) 27.40 122.73 38.74 - Tax impact on above (12.81) 15.65 (6.89) (30.90) (9.75) - Cash flow hedge reserve (146.18) 95.96 (11.86) (117.14) (20.79) - Tax impact on above 36.79 (24.15) 2.99 2948 5.24 - Cost of hedging reserve 5.99 - - 5.99 - - Tax impact on above (1.44) - - (144) - Total other comprehensive income, net of tax (194.87) 88.35 17.41 (78.27) 90.61 9 Total comprehensive income for the period (7+8) 3,745.57 3,794.16 3,419.32 16,583.23 12,734.72 10 Paid-up equity share capital (Face value of'{ 2) 124.17 123.76 123.60 124.17 123.60 11 Other equity 87,871 .54 71 ,886.93 12 Earnings per share (not annualised) Basic('{) 63.65 59.89 55.07 269.33 207.27 Diluted('{) 63.50 59.75 54.88 268.58 20647 Statement of unaudited/audited Standalone financial results for the Quarter and Financial year ended 31 March 2025 Notes: 1 Disclosure of standalone statement of assets and liabilities (Balance Sheet) as per Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: 1 Financial assets (a) Cash and cash equivalents (b) Bank balances other than cash and cash equivalents (c) Derivative financial instruments (d) Trade receivables (e) Loans (f) Investments (g) Other financial assets 3,865.15 5,567.11 15.69 1,244.89 243,334.43 37,153.36 201 .97 1,416.39 304,359.16 41 ,716.23 1,012.08 Sub-total - Financial assets1--__ _;;_::.=\"\"'-':..:..::...:..+----==-=;.i..;_;c=.;.;'--'--l 362,576.06 292, 192.71 2 Non-financial assets (a) Current tax assets (net)", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "mo \nme", "subsection": "124.17 \n123.60 \n87,871.54 \n71 ,886.93 \n87,995.71 \n72,010.53 \nSub-total - Equityl-___ \n::..:..i..=;:o:.:....:_+-----=--=\"-\"-=-=~", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "72288a86a28fcf95"}, {"chunk_id": "245509e908998ca5", "content": "37,153.36 201 .97 1,416.39 304,359.16 41 ,716.23 1,012.08 Sub-total - Financial assets1--__ _;;_::.=\"\"'-':..:..::...:..+----==-=;.i..;_;c=.;.;'--'--l 362,576.06 292, 192.71 2 Non-financial assets (a) Current tax assets (net) (b) Deferred tax assets (net) (c) Property, plant and equipment (d) Capital work-in-progress (e) Intangible assets under development (f) Intangible assets (g) Other non-financial assets 254.68 926.71 2,212.46 25.35 17.24 847.47 137.83 5,293.50 4,421 .74 Sub-total - Non-financial assets1------==-:..:..::...:..+-----'~;;..;;.;..'--'--l 404.57 1,044.14 2,531 .51 26.74 12.46 1,043.14 Total - Assets 367 869.56 B Liabilities and equity Liabilities 1 Financial liabilities (a) Derivative financial instruments (b) Trade payables Total outstanding dues of micro enterprises and small enterprises Total outstanding dues of creditors other than micro enterprises and small enterprises (c) Other payables Total outstanding dues of micro enterprises and small enterprises Total outstanding dues of creditors other than micro enterprises and small enterprises (d) Debt securities (e) Borrowings (other than debt securities) (f) Deposits (g) Subordinated liabilities (h) Other financial liabilities 0.42 806.19 111 ,010.88 - 670.56 87,596.09 69,238.00 59,966.66 89,737.66 71 ,365.52 Sub-total - Financial liabilities1---_::'-\"-'.=..=...:.:..:.;:..+-----'=:.c::.:~=-, 278,861.49 223,673.06 2 Non-financial liabilities (a) Current tax liabilities (net) (b) Provisions (c) Other non-financial liabilities 54.97 82.71 464.27 385.23 493.12 462.92", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "mo \nme", "subsection": "124.17 \n123.60 \n87,871.54 \n71 ,886.93 \n87,995.71 \n72,010.53 \nSub-total - Equityl-___ \n::..:..i..=;:o:.:....:_+-----=--=\"-\"-=-=~", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "72288a86a28fcf95"}, {"chunk_id": "659ff42237333274", "content": "278,861.49 223,673.06 2 Non-financial liabilities (a) Current tax liabilities (net) (b) Provisions (c) Other non-financial liabilities 54.97 82.71 464.27 385.23 493.12 462.92 Sub-total - Non-financial liabilities 1,012.36 930.86 1------'-'-\"'-\":..:..::...:..+------\"-':_:_;_~ 3 Equity (a) Equity share capital (b) Other equity 124.17 123.60 87,871.54 71 ,886.93 87,995.71 72,010.53 Sub-total - Equityl-___ ::..:..i..=;:o:.:....:_+-----=--=\"-\"-=-=~ Total - Liabilities and equity 367 869.56 296 614.45 Statement of unaudited/audited Standalone financial results for the Quarter and Financial year ended 31 March 2025 2 Disclosure of standalone statement of cash flows as per Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: Particulars 31.03.2025 31.03.2024 (Audited) (Audited) A. Operating activities Profit before tax 21 ,676.09 17,053.08 Adjustments for: Interest income (51 ,548.57) (40,782.76) Depreciation and amortisation expenses 821 .98 629.13 Impairment on financial instruments 7,882 .86 4,572.19 Net loss on disposal of property, plant and equipment and intangible assets 32.86 11 .76 Finance costs 18,437.35 13,843.44 Share based payment expenses 353.99 237.66 Net gain on fair value changes (344.00) (138.85) Service fees for management of assigned portfolio of loans (18.11) (24.05) Income on derecognised (assigned) loans (459.02) - Exceptional items (refer note no. 7) (2,544.11) - Dividend income (Previous year ii' 30,225) (10.96) (5,719.64) (4,598.40) Cash inflow from interest on loans 49,069.13 38,732.88", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "mo \nme", "subsection": "124.17 \n123.60 \n87,871.54 \n71 ,886.93 \n87,995.71 \n72,010.53 \nSub-total - Equityl-___ \n::..:..i..=;:o:.:....:_+-----=--=\"-\"-=-=~", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "72288a86a28fcf95"}, {"chunk_id": "082f205079aad9f5", "content": "(459.02) - Exceptional items (refer note no. 7) (2,544.11) - Dividend income (Previous year ii' 30,225) (10.96) (5,719.64) (4,598.40) Cash inflow from interest on loans 49,069.13 38,732.88 Cash inflow from interest on investments* 2,071 .14 808.13 Cash inflow from servicing and interest spread on assigned loans 33.85 49.58 Cash outflow towards finance cost (16,615.82) (12,424.79) Cash generated from operation before working capital changes 28,838.66 22,567.40 Working capital changes: (Increase) I decrease in bank balances other than cash and cash equivalents (3,288.21) (3,210.56) (Increase) I decrease in trade receivables (180.96) (193.89) (Increase) I decrease in loans (69,587.98) (68,574.24) (Increase) I decrease in investments classified as FVTPL* (1 ,701 .86) 1,150.03 (Increase) I decrease in other financial assets 8.37 6.08 (Increase) I decrease in other non-financial assets (111.24) (33.39) Increase I (decrease) in trade payables 119. 72 48.21 Increase I (decrease) in other payables 13605 111.46 Increase I (decrease) in other financial liabilities (33.24) 106.17 Increase I (decrease) in provisions 56.69 71.13 Increase I (decrease) in other non-financial liabilities 30.20 126.95 (74,552.46) (70,392.05) Income tax paid (net of refunds) (5,281 .66) (4,554.88) Net cash used in operating activities (A) (50,995.46) (52,379.53) B. Investing activities Purchase of property, plant and equipment and capital work-in-progress (551 .21) (568.25) Purchase of intangible assets and intangible assets under development (478.61) (414.13)", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "mo \nme", "subsection": "124.17 \n123.60 \n87,871.54 \n71 ,886.93 \n87,995.71 \n72,010.53 \nSub-total - Equityl-___ \n::..:..i..=;:o:.:....:_+-----=--=\"-\"-=-=~", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "72288a86a28fcf95"}, {"chunk_id": "7d52689108b0d45e", "content": "(52,379.53) B. Investing activities Purchase of property, plant and equipment and capital work-in-progress (551 .21) (568.25) Purchase of intangible assets and intangible assets under development (478.61) (414.13) Sale of property, plant and equipment and intangible assets 30.79 35.51 Purchase of investments measured at amortised cost - (289.76) Proceeds from liquidation of investments measured at amortised cost 162.35 61 .95 Purchase of investments measured under fair value through other comprehensive income (FVOCI) (30,735.22) (23,310.68) Proceeds from liquidation of investments classified as FVOCI 29,745.96 15,231 .80 Purchase of equity investments designated under FVOCI (35.00) - Dividend received (Previous year~ 30,225) 10.96 Proceeds from offer for sale of investment in subsidiary net of issue expenses 2,950.68 - Investment in associates - (267.47) Investment in subsidiaries (2,200.00) (200 00) Net cash used in investing activities (B) (1,099.30) (9,721.03) Statement of unaudited/audited Standalone financial results for the Quarter and Financial year ended 31 March 2025 Disclosure of standalone statement of cash flows as per Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015: P<irticulars 31.03.2025 31.03.2024 (Audited) (Audited)", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "mo \nme", "subsection": "124.17 \n123.60 \n87,871.54 \n71 ,886.93 \n87,995.71 \n72,010.53 \nSub-total - Equityl-___ \n::..:..i..=;:o:.:....:_+-----=--=\"-\"-=-=~", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "72288a86a28fcf95"}, {"chunk_id": "0e3f29edc8070803", "content": "Financing activities Issue of equity share capital (including securities premium) 1.251.44 9,067.17 Issue of share warrants - 297.21 Share based payment recovered from subsidiaries 23.01 30.57 Share issue expenses - (34.54) Dividends paid (2,225.24) (1 ,814.58) Payment of lease liability (194.82) (155.44) Deposits received (net) 10,668.56 14,751 .88 Short term borrowing availed (net) 8,946.95 16,355.94 Long term borrowing availed 58,287 .07 48,834.19 Long term borrowing repaid (25,152.95) (22,558.04) Net cash generated from financing activities (C) 51,604.02 64,774.36 Net increase/(decrease) in cash and cash equivalents (A+B+C) (490.74) 2,673.80 Cash and cash equivalents at the beginning of the year 3,865.15 1,191 .35 Cash and cash equivalents at the end of the year 3,374.41 3,865.15 *Certain categories of investments are considered by the Company, as held for trading purposes. The Company has accordingly presented the related cash flows under operating activities including interest income from all investments. Pursuant to change and to make it comparable, the cash flow from the operating activities increased by~ 1,958.16 crore, for comparative full year ended 31 March 2024 with a corresponding decrease in investing activities. Components of cash and cash equivalents: (~i n crore) Particulars As at As at 31 March 2025 31 March 2024 Cash and cash equivalents comprises of Cash on hand 56.81 58.84 Balance with banks In current accounts 2,367.02 3,806.31", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "mo \nme", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "421aaac162e73809"}, {"chunk_id": "e9cbb094cd4b7f53", "content": "Components of cash and cash equivalents: (~i n crore) Particulars As at As at 31 March 2025 31 March 2024 Cash and cash equivalents comprises of Cash on hand 56.81 58.84 Balance with banks In current accounts 2,367.02 3,806.31 In fixed deposits (with original maturity of 3 months or less) 950.58 - Total 3,374.41 3,865.15 Statement of unaudited/audited Standalone financial results for the Quarter and Financial year ended 31 March 2025 Notes: 3 The above results have been reviewed by the Audit Committee and approved by the Board of Directors at its meetings held on 29 April 2025. The financial results for year ended 31 March 2025 have been subjected to audit by joint statutory auditors, pursuant to regulation 33 and 52 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The financial results of the Company have been prepared in accordance with Indian Accounting Standards prescribed under section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time and other recognised accounting practices generally accepted in India along with the circulars, guidelines and directions issued by the Reserve Bank of India (RBI) from ti.me to time. These financial results are available on the website of the Company viz. www.bajajfinserv.in/corporate-bajaj-finance and on the website of BSE Limited", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "mo \nme", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "421aaac162e73809"}, {"chunk_id": "86328660a25c5c3f", "content": "by the Reserve Bank of India (RBI) from ti.me to time. These financial results are available on the website of the Company viz. www.bajajfinserv.in/corporate-bajaj-finance and on the website of BSE Limited (www.bseindia.com) and National Stock Exchange of India Limited (www.nseindia.com). 4 The figures for the last quarter of the current and previous financial year are the balancing figures between audited figures in respect of the full financial year and the published year to date figures up to the end of third quarter of the current and previous financial year which were subjected to limited review by statutory auditors. 5 On 3 April 2024, the Company has invested an amount of { 2,000 crore in Bajaj Housing Finance Ltd. (BHFL), a subsidiary of the Company, by subscribing to 1, 107,419, 709 equity shares of face value of { 10 each for cash at { 18.06 (including a premium of { 8.06) per share, offered on right basis. 6 On 27 June 2024, the Company has invested an amount of { 200 crore in Bajaj Financial Securities Ltd., a whol.ly owned subsidiary of the Company, by subscribing to 164,880,458 equity shares offace value on 10 each for cash at { 12.13 (including a premium of z 2.13) per share, offered on right basis. 7 On 13 September 2024, the Company has sold 428,571 ,428 equity shares of BHFL at z 70 each, aggregating to z 3,000 crore, as part of BHFL's Initial Public Offer.", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "mo \nme", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "421aaac162e73809"}, {"chunk_id": "a1dc0e40e1df080d", "content": "7 On 13 September 2024, the Company has sold 428,571 ,428 equity shares of BHFL at z 70 each, aggregating to z 3,000 crore, as part of BHFL's Initial Public Offer. This has resulted in a gain of { 2,544.11 crore (net ·of issue expenses). 8 On 29 January 2025, the Board of Directors of the Company had approved issue of 882, 182 equity shares of face value of z 2 each at applicable grant prices to BFL Employee Welfare Trust under Employee Stock Option Scheme, 2009. Consequently, on 5 February 2025, the Allotment committee alloted the equity shares. 9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid the remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company allotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations. 10 During the quarter ended 31 March 2025, the Company re-assessed its income tax position for certain items based on favourable orders of various courts and tribunals. Accordingly, the Company has reversed tax expense for earlier years amounting to z 224 crore and reduced the current year's tax provision by z 89 crore, resulting in overall tax reduction of {313 crore.", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "mo \nme", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "421aaac162e73809"}, {"chunk_id": "dd90d5f23152896a", "content": "Accordingly, the Company has reversed tax expense for earlier years amounting to z 224 crore and reduced the current year's tax provision by z 89 crore, resulting in overall tax reduction of {313 crore. 11 The Board of Directors in its meeting held on 29 April 2025 approved distribution of a special interim dividend of z 12 per equity share from the exceptional gain resulting from the sale of investment in BHFL on account of IPO listing in September 2024. 12 The Board of Directors has recommended in its meeting held on 29 April 2025, subject to shareholders' approval, distribution of final dividend of { 44 per equity share of the face value of z 2 (2200%) out of the profits of the financial year 2024-25 (Previous year { 36 per share of the face value of z 2 each i.e.1800%). 13 The Board of Directors in its meeting held on 29 April 2025 has approved, subject to shareholder approval, the sub-division of the face value of shares from z 2 to ~ 1 fully paid equity shares, and the issue of 4 fully paid bonus equity shares of face value ~ 1 for every 1 fully paid equity share of face value z 1. 14 All the secured non-convertible debentures (NCO) of the Company including those issued during the year ended 31 March 2025 are fully secured by hypothecation of book debts/ loan receivables to the extent as stated in the respective information memorandum. Additionally, the Company had mortgaged", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "mo \nme", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "421aaac162e73809"}, {"chunk_id": "186043f62e3a1f3b", "content": "hypothecation of book debts/ loan receivables to the extent as stated in the respective information memorandum. Additionally, the Company had mortgaged one of its offices in Chennai on pari passu charge against specific secured NCDs issued till November 2020. The Company has, at all times, for the secured NCDs, maintained sufficient asset cover as stated in the respective information memorandum towards the principal amount, interest accrued thereon, and such other sums as mentioned therein. 15 The Company is engaged primarily in the business of financing in India and accordingly there are no separate operating segments as per Ind AS 108 dealing with Operating Segments. Statement of unaudited/audited Standalone financial results for the Quarter and Financial year ended 31 March 2025", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "mo \nme", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "421aaac162e73809"}, {"chunk_id": "8caa3bb233b8798d", "content": "16 Disclosures pursuant to RBI Notification - RBl/2020-21/16 DOR.No BP.BC/3/21 04 048/2020-21 , 'Resolution Framework for COVID-19-related Stress' dated 6 August 2020 and RBl/2021-22/31 /DOR. STR. REC.11/21 04.048/2021-22, 'Resolution Framework - 2. 0 Resolution of Covid-19 related stress of Individuals and Small Businesses' dated 5 May 2021 Exposure to accounts classified as Standard consequent to implementation of resolution plan - Position as at 30 September 2024 (A) Of (A). aggregate debt that slipped into NPA during the half year ended 31 March 2025 Of (A) am ount written off during the half year ended 31 March 2025 # Of (A) amount paid by the borrowers during the half year ended 31 March 2025** ( ~in crore) Exposure to accounts classified as Standard consequent to implementation of resolution plan - Position as at 31 March 2025 Personal Loans* Corporate persons of which, MSMEs Others Total 12.70 * Includes restructuring implemented pursuant to OTR 2.0 for personal loans, individual business loans and small business loans # represents debt that slipped into stage 3 and was subsequently written off during the half year ended 31 March 2025. ** represents receipts net of interest accruals and disbursements, if any 17 Disclosures pursuant to RBI Notification - RBl/DOR/2021 -22/86 DOR.STR. REC.51/21 .04.048/2021-22, 'Master Direction - Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021' dated 24 September 2021 Al Details of loans not in default Particulars", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "mo \nme", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b0d3f48a5de276e6"}, {"chunk_id": "bbe308a61dc36115", "content": "REC.51/21 .04.048/2021-22, 'Master Direction - Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021' dated 24 September 2021 Al Details of loans not in default Particulars Amount of loans acquired throuqh assiqnment Retention of beneficial economic interest Acquired Weiqhted averaqe residual maturity Weighted averaae holding period Coveraqe of tanqible security Rating-wise distribution of rated loans For the year ended 31 March 2025 ~ 1, 199.41 crore ~ 1,567.62 crore 10% 10% 84 months 33 months 14 months 7 months 100% 0% Unrated Unrated ~ 3,361 .67 crore 1% 152 months 18 months Particulars Amount of loans transferred throuqh assianment Retention of beneficial economic interest Transferred. Weiahted averaqe residual maturity Weiahted averaqe holding period Coverage of tangible security Ratinq-wise distribution of rated loans For the year ended 31 March 2025 ~ 2,817.22 crore '?' 1,265.28 crore 10% 10% 35 months 102 months 14 months 18 months 0% 100% Unrated Unrated Bl Details of stressed loans To oermiited tra nsferees NPA SMA 86 1 25 Aggregate principal outstanding of loans transferred ~ 6.45 crore ~ 0.24 crore Weighted average residual tenor of the loans transferred Net book value of loans transferred (at the time of transfer) ~ 2 05 crore ~ 0.23 crore Aggregate consideration '?' 0.1 3 crore ~ 0.01 crore Excess provision reversed to the profit and loss account", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "mo \nme", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b0d3f48a5de276e6"}, {"chunk_id": "56a5cd371f2d529d", "content": "transferred Net book value of loans transferred (at the time of transfer) ~ 2 05 crore ~ 0.23 crore Aggregate consideration '?' 0.1 3 crore ~ 0.01 crore Excess provision reversed to the profit and loss account In addition to above, the Company has transferred written off loans having principal outstanding amounting to ~ 7,142.78 crore for a sale consiaeration oH 162.90 crore. Statement of unaudited/audited Standalone financial results for the Quarter and Financial year ended 31 March 2025 18 Figures of previous periods have been regrouped, wherever necessary, to make them comparable with the current period. 19 The Company has designated an exclusive email ID viz. investor.service@bajajfinserv.in for investor grievance redressal. By order of the Board of Directors", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "mo \nme", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b0d3f48a5de276e6"}, {"chunk_id": "56b83a77204b8226", "content": "Anup Saha Managing Director CIN: L65910MH1987PLC042961 Registered Office : Akurdi, Pune - 411 035 I Corporate Office : 4th Floor, Bajaj Finserv Corporate Office, Off. Pune - Ahmednagar Road, Viman Nagar, Pune - 411 014 Tel. : 020- 71576403 Fax : 020 71576364 Email : investor.service@bajajfinserv.in I Website : https://www.aboutbajajfinserv.com/finance-about-us Disclosure in compliance with Regulation 52 (4) of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 for Standalone financial results Particulars For the Quarter e nde~ I For the year ended For the Quarter ende~I For the year ended 31 March 2025 31 March 2025 31 March 2024 31 March 2024 1 Debt-Equity ratio [Debt securities+ Borrowings (other than debt 3.13 3 06 securities)+Deposits+Subordinated liabilities] I Total Equity 2. Outstanding redeemable preference shares (quantity and value) Nil Nil 3. Debenture Redemption Reserve Not Aoolicable Not Aoolicable 4. Capital Redemption Reserve Nil Nil 5. Net Worth(~ in crore) [Total Equity] 87 ,995.71 72,010.53 6. Net Profit after tax (f in crore) 3,940.44 I 16,661 .50 3,401.91 I 12.644.11 7. Earnings per share [not annualised] 8. Total debts to total assets ratio [Debt securities+ Borrowings (other than debt 0.75 0.74 Diluted(<) 63.50 I 266.58 54.68 I 206.47 Bas i c (~) 63.65 I 269.33 55.o7 I 207.27 9. Net profit margin [Profit after tax I Total Income] 24.93%1 28.04% 26.65%1 26.93% securities)+Deposits+Subordinated !iabilities] I Total Assets 10. Sector specific equivalent ratio, as applicable", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "Fm Bajaj f;n~Wd", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ed32ffa8914af724"}, {"chunk_id": "77e65c9945a2df1a", "content": "Bas i c (~) 63.65 I 269.33 55.o7 I 207.27 9. Net profit margin [Profit after tax I Total Income] 24.93%1 28.04% 26.65%1 26.93% securities)+Deposits+Subordinated !iabilities] I Total Assets 10. Sector specific equivalent ratio, as applicable (A} Gross NPA (stage 3 asset, gross) ratio 1.18% 1.05% (8) Net NPA (stage 3 asset, net) ratio 0.56% 0.46% (C) Capital to risk·weighted assets ratio (Calculated as per RBI guidelines) 21 .93% 22.52% (0) Liquidity Coverage Ratio (Calculated as per RBI guidelines) 288.14%1 283.33% 260.01%1 293.95% Debt service coverage ratio, interest service coverage ratio, current ratio, long term debt to working capital, bad debts to accounts receivable ratio, current liability (atio, debtors turnover, inventory turnover and operating margin ratio are not relevant as the Company is engaged in financing activities Price Waterhouse LLP Chartered Accountants Kirtane & Pandit LLP Chartered Accounfants 252, Veer Savarkar Marg Shivaji Park Dadar (West) Mumbai 400 028 5th Floor, Wing-A, Gopal House S. No. 127/1B/ 1 Kothrud INDEPENDENT AUDITORS' REPORT To The Board of Directors Bajaj Finance Limited Report on the Audit of the Consolidated Financial Results l. We have jointly audited the accompanying Consolidated Financial Results of Bajaj Finance Limited (hereinafter referred to as the \"Holding Company\" or the \"Company\" and its subsidiaries (Holding Company and its subsidiaries together referred to as \"the Group\") and its associates for the year ended", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "Fm Bajaj f;n~Wd", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ed32ffa8914af724"}, {"chunk_id": "80a6eb4142152b14", "content": "(hereinafter referred to as the \"Holding Company\" or the \"Company\" and its subsidiaries (Holding Company and its subsidiaries together referred to as \"the Group\") and its associates for the year ended March 31, 2025, attached herewith, the Consolidated Statement of Assets and Liabilities as on that date and the Consolidated Statement of Cash Flows for the year ended on that date (the \"Consolidated Financial Results\") which are included in the accompanying Statement of unaudited/audited Consolidated financial results for the Quarter and Financial year ended March 31, 2025 (\"the Statement\"), being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the \"Listing Regulations\"). 2. In our opinion and to the best of our information and according to the explanations given to us, and based on the consideration of the reports of the other auditors on separate audited financial statements of subsidiaries and associates, the Consolidated Financial Results: a. include the financial results of the following entities: Holding Company Bajaj Finance Limited 1. Bajaj Housing Finance Limited ii. Bajaj Financial Securities Limited 11. Pennant Technologies Private Limited; 1. Snapwork Technologies Private Limited b. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations; and", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "Fm Bajaj f;n~Wd", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ed32ffa8914af724"}, {"chunk_id": "df44baa45540a6b3", "content": "11. Pennant Technologies Private Limited; 1. Snapwork Technologies Private Limited b. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations; and c. gives a true and fair view, in conformity with the recognition and measurement principles laid down in the applicable accounting standards prescribed under Section 133 of the Companies Act, 2013 (the \"Act\") read with relevant rules issued thereunder, the circulars, guidelines and directions issued by the Reserve Bank of India (RBI) Guidelines (\"RBI Guidelines\") and other accounting principles generally accepted in India, of the consolidated net profit and other comprehensive income and other financial information of the Group and its associates for the year ended March 31, 2025 and also the Consolidated Statement of Assets and Liabilities as at March 31, 2025 and the Consolidated Statement of Cash Flows for the year ended on that date. Price Waterhouse LLP Chartered Accountants Kirtane & Pandit LLP Chartered Accountants 252, Veer Savarkar Marg Shivaji Park Dadar (West) Mumbai 400 028 5 th Floor, Wing-A, Gopal House S. No. 127/1B/ 1 Kothrud 3. We conducted our audit in accordance with the Standards on Auditing (SAs) specified under Section 143(10) of the Companies Act, 2013 (the \"Act\") and other applicable authoritative pronouncements issued by the Institute of Chartered Accountants of India (\"ICAI\"). Our responsibilities under those", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "Fm Bajaj f;n~Wd", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ed32ffa8914af724"}, {"chunk_id": "b2a0d9df7d5bd2e2", "content": "143(10) of the Companies Act, 2013 (the \"Act\") and other applicable authoritative pronouncements issued by the Institute of Chartered Accountants of India (\"ICAI\"). Our responsibilities under those Standards are further described in the \"Auditors' Responsibilities for the Audit of the Consolidated Financial Results\" section of our report. We are independent of the Group and its associates in accordance with the Code of Ethics issued by the ICAI together with the ethical requirements that are relevant to our audit of the Consolidated Financial Statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us and other auditors in terms of their reports referred to in sub-paragraph 13 of the \"Other Matters\" section below, is sufficient and appropriate to provide a basis for our opinion. Board of Directors' Responsibilities for the Consolidated Financial Results", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "Fm Bajaj f;n~Wd", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ed32ffa8914af724"}, {"chunk_id": "85cf5ccc1eaac14d", "content": "4. These Consolidated Financial Results have been compiled from the consolidated annual audited financial statements. The Holding Company's Board of Directors are responsible for the preparation and presentation of these Consolidated Financial Results that give a true and fair view of the consolidated net profit and other comprehensive income and other financial information, the Consolidated Statement of Assets and Liabilities and the Consolidated Statement of Cash Flows of the Group including associates in accordance with the recognition and measurement principles laid down in Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder, the RBI Guidelines and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Board of Directors of the entities included in the Group and of its associates are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Group and its associates and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "Fm Bajaj f;n~Wd", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "be0bdcf75cb0264b"}, {"chunk_id": "be6a05d3707fa5a3", "content": "irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Consolidated Financial Results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the Consolidated Financial Results by the Board of Directors of the Holding Company, as aforesaid. 5. In preparing the Consolidated Financial Results, the respective Board of Directors of the entities included in the Group and of its associates are responsible for assessing the ability of the Group and of its associates to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board Directors either intends to liquidate the Group and its associates or to cease operations, or has no realistic alternative but to do so. 6. The respective Board of Directors of the entities included in the Group and of its associates are also responsible for overseeing the financial reporting process the Group and of its associates .", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "Fm Bajaj f;n~Wd", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "be0bdcf75cb0264b"}, {"chunk_id": "10494a00f070b46e", "content": "6. The respective Board of Directors of the entities included in the Group and of its associates are also responsible for overseeing the financial reporting process the Group and of its associates . Auditors' Responsibilities for the Audit of the Consolidated Financial Results Price Waterhouse LLP Chartered Accountants Kirtane & Pandit LLP Chartered Accountants 252, Veer Savarkar Marg 5th Floor, Wing-A, Gopal House Shivaji Park Dadar (West) S. No. i27/1B/1 Kothrud Mumbai 400 028 Pune 411 029 misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Consolidated Financial Results. 8. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the Consolidated Financial Results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. •", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "Fm Bajaj f;n~Wd", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "be0bdcf75cb0264b"}, {"chunk_id": "1c0c44539c3879b9", "content": "error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Companies Act 2013, we are also responsible for expressing our opinion on whether the Group and its associates have adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors. • Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group and its associates to continue as a going concern. Ifwe conclude that a material uncertainty exists, we are required to draw attention in our auditors' report to the related disclosures in the Consolidated Financial Results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors' report. However, future events or", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "Fm Bajaj f;n~Wd", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "be0bdcf75cb0264b"}, {"chunk_id": "39f04816aba39fce", "content": "Results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors' report. However, future events or conditions may cause the Group and its associates to cease to continue as going concern. • Evaluate the overall presentation, structure and content of the Consolidated Financial Results, including the disclosures, and whether the Consolidated Financial Results represent the underlying transactions and events in a manner that achieves fair presentation. • Obtain sufficient appropriate audit evidence regarding the financial results/financial information of the entities within the Group and its associates to express an opinion on the Consolidated Financial Results. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the Consolidated Financial Results, of which we are the independent auditors. For the other entities included in the Consolidated Financial Results, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion. 9. We communicate with those charged with governance of the Holding Company regarding, among", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "Fm Bajaj f;n~Wd", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "be0bdcf75cb0264b"}, {"chunk_id": "154f5ac7ea6ebcf3", "content": "We remain solely responsible for our audit opinion. 9. We communicate with those charged with governance of the Holding Company regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Price Waterhouse LLP Chartered Accountants Kirtane & Pandit LLP Chartered Accountants 252, Veer Savarkar Marg Shivaji Park Dadar (West) Mumbai 400 028 5th Floor, Wing-A, Gopal House S. No. 127/1B/ 1 Kothrud 11. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable. 12. The Consolidated Financial Results of the Group and its associates for the year ended March 31, 2024, were audited jointly by previous joint auditors under the Act who, vide their report dated April 25, 2024, expressed an unmodified opinion on those Consolidated Financial Results. Our opinion on the Consolidated Financial Results is not modified in respect of this matter.", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "Fm Bajaj f;n~Wd", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "be0bdcf75cb0264b"}, {"chunk_id": "c29faf0ff43ee2e4", "content": "13. The financial information of 2 subsidiaries included in the Consolidated Financial Results, reflect total assets of Rs. 109,352.96 crore and net assets of Rs. 21,235.73 crore as at March 31, 2025, total revenues of Rs. 10,376.23 crore, total net profit after tax of Rs. 2,3oi.56 crore, and total comprehensive income of Rs. 2,313.20 crore for the year ended March 31, 2025, and cash flows (net) of Rs. 98.69 crore for the year ended March 31, 2025. The Consolidated Financial Results also include the Group's share of net profit after tax of Rs. 17.81 crores and total comprehensive income of Rs. 17.39 crores for the year ended March 31, 2025, in respect of 2 associates, whose financial information have not been audited by us. The financial information of these subsidiaries and associates have been auditecl by other auditors whose reports have been furnished to us by the Holding Company's Management and other auditors and our opinion on the Consolidated Financial Results, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries and associates, is based on the reports of the other auditors and the procedures performed by us are as staterl in paragraph 11 above. Our opinion on the Consolidated Financial Results is not modified in respect of this matter with respect to our reliance on the work done and the reports· of the other auditors. 14.", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "Fm Bajaj f;n~Wd", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "02bf8dbf17576e30"}, {"chunk_id": "75b9466fcfb0fd0a", "content": "Our opinion on the Consolidated Financial Results is not modified in respect of this matter with respect to our reliance on the work done and the reports· of the other auditors. 14. The Consolidated Financial Results include the results for the quarter ended March 31, 2025 being the balancing figures between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which . were subject to limited review by us. Our opinion on the Consolidated Financial Results is not modified in respect of this matter. For Price Waterhouse LLP Chartered Accountants Firm Registration Number: 301112E/ E300264", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "Fm Bajaj f;n~Wd", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "02bf8dbf17576e30"}, {"chunk_id": "8fa97f8d4705a134", "content": "For Kirtane & Pandit LLP Chartered Accountants Firm Registration Number: 105215W /W100057 ~ asespanae Partner Membership Number: 031787 Sharad Vasant Partner Membership Number: 101119 UDIN: 25101119BMIFBJ7110 Pune April 29, 2025 UDIN: 25031787BMNUGB9284 Pune April 29, 2025 Statement of unaudited/audited Consolidated financial results for the Quarter and Financial year ended 31 March 2025 Consolidated Statement of Profit and Loss ~in crore Quarter ended Year ended Particulars 31.03.2025 31 .12.2024 31 .03.2024 31 .03.2025 31.03.2024 Unaudited) Unaudited) Unaudited) Audited) Audited Income (a) Revenue from operations Interest income 16,359.14 15,768.21 13,230.07 61 ,163.55 48,306.60 Fees and commission income 1,521 .66 1,510.57 1,324.42 5,982.84 5,267.17 Net gain on fair value changes 122.70 164.59 78.42 539 03 308.29 Sale of services (13.90) 3.41 8.79 27.13 49.97 Income on derecognised (assigned) loans 156.45 186.20 0.21 552.04 13.33 Other operating income 310.80 402.13 285.28 1,418.92 1,028.53 Total revenue from operations 18,456.85 18,035.11 14,927.19 69,683.51 54,973.89 (b) Other income 11 .89 23.21 4.65 41.27 8.62 Total income 18,468.74 18,058.32 14,931.84 69,724.78 54,982.51 2 Expenses (a) Finance costs 6,551 .98 6,385.63 5,217.09 24,770.79 18,724.69 (b) Fees and commission expense 728.85 685.33 519.62 2,597.66 1,931.50 (c) Impairment on financial instruments 2,328.94 2,043.33 1,310.01 7,966.03 4,630.70 (d) Employee benefits expense 1,943.19 1,955.54 1,649.59 7,508.34 6,396.01 (e) Depreciation and amortisation expenses 252. 01 219.13 192.96 880.99 683.32 (f) Other expenses 1,025.21 1,006.96 940.50 3,939.15 3,31 4. 36 Total expenses", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 22, "section": "For Kirtane & Pandit LLP \nChartered Accountants \nFirm Registration Number: 105215W /W100057 \n~ \nasespanae \nPartner \nMembership Number: 031787", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "60e539d3770c0077"}, {"chunk_id": "a03d832e9c331b84", "content": "(d) Employee benefits expense 1,943.19 1,955.54 1,649.59 7,508.34 6,396.01 (e) Depreciation and amortisation expenses 252. 01 219.13 192.96 880.99 683.32 (f) Other expenses 1,025.21 1,006.96 940.50 3,939.15 3,31 4. 36 Total expenses 12,830.18 12,295.92 9,829.77 47,662.96 35,680.58 3 Share of profit/(loss) from associates 8.82 3.02 3.01 17.81 7.64 4 Profit before tax (1-2+3) 5,647.38 5,765.42 5,105.08 22,079.63 19,309.57 5 Tax expense -Current year 1,277.89 1,492.50 1,260.72 5,664.86 4,958.00 -Earlier years (249 00) (22.44) (0.22) (275 12) (0 28) (b) Deferred tax (credit)/charge 72.92 (12.83) 20.05 (89.59 99.32 Total tax expense 1,101 .81 1,457.23 1,280.55 5,300.15 4,858.40 6 Profit after tax (4-5) 4,545.57 4,308.19 3,824.53 16,779.48 14,451.17 7 Other comprehensive income a) Items that will not be reclassified to profit or loss -Remeasurement gainsi(losses) on defined benefit plans 3.71 (0.74) (61 .65) (24.85) (61 .65) -Tax impact on above (0.95) 0.19 15.52 6.25 15.52 -Net remeasurement gains/(losses) on defined benefit plans - Share of associates (0.26) (0.02) (0.08) (0.32) (0.10) -Net other adjustments - Share of associates (0.03) (0.01) 0.04 (0.10) 0.01 -Changes in fair value of fair value through OCI (FVOCI) equity instruments (154.62) 74.46 67.81 (95.49) 151 .62 -Tax impact on above 22.11 (10 65) (1 7.41 ) 25.22 (29.82) b) Items that will be reclassified to profit or loss -Changes in fair value of FVOCI debt securities 63.54 (65.17) 27.61 140.79 39.45 -Tax impact on above (16 00) 16.41 (6.95) (35.45) (9.93) -Cash flow hedge reserve (146.18) 95.96 (11 .87) (117.14) (20 80) -Tax impact on above 36.79 (2415) 2.99 29.48 5.24", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 22, "section": "For Kirtane & Pandit LLP \nChartered Accountants \nFirm Registration Number: 105215W /W100057 \n~ \nasespanae \nPartner \nMembership Number: 031787", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "60e539d3770c0077"}, {"chunk_id": "424e0028b55873b4", "content": "-Changes in fair value of FVOCI debt securities 63.54 (65.17) 27.61 140.79 39.45 -Tax impact on above (16 00) 16.41 (6.95) (35.45) (9.93) -Cash flow hedge reserve (146.18) 95.96 (11 .87) (117.14) (20 80) -Tax impact on above 36.79 (2415) 2.99 29.48 5.24 -Cost of hedging reserve 5.99 5.99 -Tax impact on above 1.44 (1.44) Total other comprehensive income, net of tax 187.34 86.28 16.01 67.06 89.54 8 Total comprehensive income for the year (6+7) 4,358.23 4,394.47 3,840.54 16,712.42 14,540.71 Owners of the Company 4,479.57 4,246.54 3,824.53 16,637.82 14,451 .17 Non-controlling interest 66.00 61 .65 141 .66 Other comprehensive income for the period attributable to Profit after tax for the period attributable to Owners of the Company (188.17) 86.52 16.01 (67.80) 89.54 Non-controlling interest 0.83 (024) 0.74 Total comprehensive income for the period attributable to Owners of the C{ompany 4,291.40 4,333.06 3,840.54 16,570.02 14,540. 71 Non-controlling interest 66.83 61.41 142.40 9 Paid-up equity share capital (Face value of { 2) 124.17 123.76 123.60 124.17 123.60 10 Other equity 96,568.70 76,571.75 11 Earnings per share (not annualised) Basic('!) 72.35 68.63 61.91 268.94 236.89 Diluted ({ ) 72.18 68.47 61.70 268.20 235.98 Statement of unaudited/audited Consolidated financial results for the Quarter and Financial year ended 31 March 2025 Notes: 1 Disclosure of consolidated statement of assets and liabilities (Balance Sheet) as per Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: (z in crorel As at As at Particulars 31.03.2025 31.03.2024 (Audited)", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 22, "section": "For Kirtane & Pandit LLP \nChartered Accountants \nFirm Registration Number: 105215W /W100057 \n~ \nasespanae \nPartner \nMembership Number: 031787", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "60e539d3770c0077"}, {"chunk_id": "8c902009e22ac963", "content": "Requirements) Regulations, 2015: (z in crorel As at As at Particulars 31.03.2025 31.03.2024 (Audited) IAudited) 1 Financial assets (a) Cash and cash equivalents 3,642.46 4,034.51 (b) Bank balances other than cash and cash equivalents 9,901 .08 6,589.50 (c) Derivative financial instruments 250.56 27.84 (d) Trade Receivables 1,913.11 1,733.49 (e) Loans 407,844.14 326,293.32 (f) Investments 34,440.84 30,880.65 (g) Other financial assets 2,444.99 1,431 .88 Sub-total - Financial assets 460,437.18 370,991.19 2 Non-financial assets (a) Current tax assets (net) 480.77 290.92 (b) Deferred tax assets (net) 1,141 .20 1,017.43 (c) Property, plant and equipment 2,688.89 2,358.32 (d) Capital work-in-progress 26.74 25.35 (e) Intangible assets under development 14.55 18.11 (f) Goodwill 3 27 3.27 (g) Other intangible assets 1,088.01 888.31 (h) Other non-financial assets 246.22 148.72 Sub-total - Non-financial assets 5,689.65 4,750.43 Total - Assets 466,126.83 375,741.62 B Liabilities and equity Liabilities 1 Financial liabilities (a) Derivative financial instruments 37.13 2.12 (b) Trade payables Total outstanding dues of micro enterprises and small enterprises 1.80 0.73 Total outstanding dues of creditors other than micro enterprises and small enterprises 1,876.24 2,063.31 (c) Other payables", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 22, "section": "For Kirtane & Pandit LLP \nChartered Accountants \nFirm Registration Number: 105215W /W100057 \n~ \nasespanae \nPartner \nMembership Number: 031787", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "60e539d3770c0077"}, {"chunk_id": "01fb0035a15009d9", "content": "Total outstanding dues of micro enterprises and small enterprises 0.42 - Total outstanding dues of creditors other than micro enterprises and small enterprises 930.49 764.58 (d) Debt securities . 154,639.73 117,999.54 (e) Borrowings (Other than debt securities) 132,102.25 111 ,617.47 (f) Deposits 71 ,403.13 60, 150.92 (g) Subordinated liabilities 3,103.54 3,577.90 (h) Other financial liabilities 1,948.20 1,844.39 Sub-total - Financial liabilities 366,042.93 298,020.96 2 Non-financial liabilities (a) Current tax liabilities (net) 100.63 108.64 (b) Provisions 514.28 421 .89 (c) Other non-financial liabilities 532.10 494.78 Sub-total - Non-financial liabilities 1,147.01 1,025.31 3 Equity (a) Equity share capital 124.17 123.60 (b) Other equity 96,568.70 76,571 .75 Equity attributable to owners of the Company 96,692.87 76,695.35 (c) Non-controlling interest 2,244.02 - Sub-total - Total equity 98,936.89 76,695.35 Total - Liabilities and equity . 466, 126.83 375,741.62 Statement of unaudited/audited Consolidated financial results for the Quarter and Financial year ended 31 March 2025 Notes: 2 Disclosure of consolidated statement of cash flows as per Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: ({ in crore) Year ended Particulars 31.03.2025 31.03.2024 I Audited) (Audited) A. Operating activities Profit before tax 22,079.63 19,309.57 Adjustments for: Interest income (61 , 163.55) (48,306.60) Depreciation and amortisation expenses 880.99 683.32 Impairment on financial instruments 7,966.03 4,630.70", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 25, "section": "Total outstanding dues of micro enterprises and small enterprises \n0.42 \n-\nTotal outstanding dues of creditors other than micro enterprises and small enterprises \n930.49 \n764.58 \n(d) Debt securities \n. \n154,639.73 \n117,999.54 \n(e) Borrowings (Other than debt securities) \n132,102.25 \n111 ,617.47 \n(f) Deposits \n71 ,403.13 \n60, 150.92 \n(g) Subordinated liabilities \n3,103.54 \n3,577.90 \n(h) Other financial liabilities \n1,948.20 \n1,844.39 \nSub-total - Financial liabilities \n366,042.93 \n298,020.96", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fca3c172c4acbde0"}, {"chunk_id": "f92b010e940f3802", "content": "A. Operating activities Profit before tax 22,079.63 19,309.57 Adjustments for: Interest income (61 , 163.55) (48,306.60) Depreciation and amortisation expenses 880.99 683.32 Impairment on financial instruments 7,966.03 4,630.70 Net loss on disposal of property, plant and equipment and other intangible assets 35.50 12.54 Finance costs 24,770.79 18,724.69 Share based payment expenses 393.98 268.23 Net gain on fair value changes (539.03) (308.29) Service fees for management of assigned portfolio of loans (27.13) (49 97) Income on derecognised (assigned) loans (552.04) (13 33) Dividend income (Previous year { 30,225 ) (1.28) Share of (profit)/loss from associates (17.81) (7.64) (6,173.92) (5,056.78) Cash inflow from interest on loans 58,216.67 45,853.52 Cash inflow from interest on investments 2,313.47 943.99 Cash inflow from servicing and interest spread on assigned loans 28.58 89.61 Cash outflow towards finance cost (22,421 35) (17,044.04) Cash generated from operation before working capital changes 31,963.45 24,786.30 Working capital changes: (Increase) I decrease in bank balances other than cash and cash equivalents (3,095.95) (3,589.13) (Increase) I decrease in trade receivables (206.31) (457.54) (Increase) I decrease in loans (89,988.25) (88, 194.09) (Increase) I decrease in investments classified as FVTPL (1 ,429.16) 1,972.84 (Increase) I decrease in other financial assets 531 .57 (306.33) (Increase) I decrease in other non-financial assets (116.70) (33.60) (Increase) I decrease in derivative financial instruments (net) 56.54 (24.86)", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 25, "section": "Total outstanding dues of micro enterprises and small enterprises \n0.42 \n-\nTotal outstanding dues of creditors other than micro enterprises and small enterprises \n930.49 \n764.58 \n(d) Debt securities \n. \n154,639.73 \n117,999.54 \n(e) Borrowings (Other than debt securities) \n132,102.25 \n111 ,617.47 \n(f) Deposits \n71 ,403.13 \n60, 150.92 \n(g) Subordinated liabilities \n3,103.54 \n3,577.90 \n(h) Other financial liabilities \n1,948.20 \n1,844.39 \nSub-total - Financial liabilities \n366,042.93 \n298,020.96", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fca3c172c4acbde0"}, {"chunk_id": "b51326d42c273a70", "content": "(1 ,429.16) 1,972.84 (Increase) I decrease in other financial assets 531 .57 (306.33) (Increase) I decrease in other non-financial assets (116.70) (33.60) (Increase) I decrease in derivative financial instruments (net) 56.54 (24.86) Increase I (decrease).in trade payables (186.00) 611.91 Increase I (decrease) in other payables 166.33 125.26 Increase I (decrease) in other financial liabilities (7.48) 131 .95 Increase I (decrease) in provisions 67.31 89.81 Increase I (decrease) in other non-financial liabilities 38 08 142.16 (94, 170.02) (89,531 .62) Income tax paid (net of refunds) (5,947.90) (5,097.99) Net cash used in operating activities (A) 168,154.471 169,843.311 B. Investing activities Purchase of property, plant and equipment and capital work-in-progress (584.06) (603.62) Purchase of other intangible assets and intangible assets under development (497.76) (434.16) Sale of property, plant and equipment and other intangible assets 36.39 38.89 Purchase of investments measured at amortised cost (16,270.26) (6,429.43) Proceeds from liquidation of investments measured at amortised cost 16,432.61 6,201 .62 Purchase of investments classified as fair value through other comprehensive income (FVOCI) (31 ,594.18) (23,310.68) Proceeds from liquidation of investments classified as FVOCI 29,745.96 15,231 .80 Purchase of equity investments designated under FVOCI (35.00) (514.96) Dividend income (Previous year { 30,225) 1.28 Investment in associates - (267.47) Net cash used in investing activities (B) (2,765.02) (10,088.01)", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 25, "section": "Total outstanding dues of micro enterprises and small enterprises \n0.42 \n-\nTotal outstanding dues of creditors other than micro enterprises and small enterprises \n930.49 \n764.58 \n(d) Debt securities \n. \n154,639.73 \n117,999.54 \n(e) Borrowings (Other than debt securities) \n132,102.25 \n111 ,617.47 \n(f) Deposits \n71 ,403.13 \n60, 150.92 \n(g) Subordinated liabilities \n3,103.54 \n3,577.90 \n(h) Other financial liabilities \n1,948.20 \n1,844.39 \nSub-total - Financial liabilities \n366,042.93 \n298,020.96", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fca3c172c4acbde0"}, {"chunk_id": "82073fb99732359d", "content": "Purchase of equity investments designated under FVOCI (35.00) (514.96) Dividend income (Previous year { 30,225) 1.28 Investment in associates - (267.47) Net cash used in investing activities (B) (2,765.02) (10,088.01) Statement of unaudited/audited Consolidated financial results for the Quarter and Financial year ended 31 March 2025 Disclosure of consolidated statement of cash flows as per Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: ('{ in crore) Year ended Particulars 31.03.2025 31.03.2024 !Audited) (Audited) Financing activities Issue of equity share capital (including securities premium) 1,251.44 9,067.17 Proceeds from dilution of stake in subsidiary (net of IPO expenses) 6,460.50 - Issue of share warrants - 297.21 Share issue expenses (0. 12) (34.55) Dividends paid (2,225.24) (1 ,81458) Payment of lease liability (21 4.57) (174.00) Deposits received (net) 10,527.22 14,759.93 Short term borrowing availed (net) 8,787.63 22,023.50 Long term borrowing availed 84,967.14 72,666.31 Long term borrowing repaid (39,026.56) (34,375 91) Net cash generated from financing activities (C) 70,527.44 82,415.08 Net increase/(decrease) in cash and cash equivalents (A+B+C) (392 05) 2,483.76 Cash and cash equivalents at the beginning of the year 4,034.51 1,550.75 Cash and cash equivalents at the end of the year 3,642.46 4,034.51 Certain categories of investments are considered by the Group as held for trading purposes.", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 25, "section": "Total outstanding dues of micro enterprises and small enterprises \n0.42 \n-\nTotal outstanding dues of creditors other than micro enterprises and small enterprises \n930.49 \n764.58 \n(d) Debt securities \n. \n154,639.73 \n117,999.54 \n(e) Borrowings (Other than debt securities) \n132,102.25 \n111 ,617.47 \n(f) Deposits \n71 ,403.13 \n60, 150.92 \n(g) Subordinated liabilities \n3,103.54 \n3,577.90 \n(h) Other financial liabilities \n1,948.20 \n1,844.39 \nSub-total - Financial liabilities \n366,042.93 \n298,020.96", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fca3c172c4acbde0"}, {"chunk_id": "233fe46fff8089d9", "content": "4,034.51 1,550.75 Cash and cash equivalents at the end of the year 3,642.46 4,034.51 Certain categories of investments are considered by the Group as held for trading purposes. The Group has accordingly presented the related cash flows under operating activities including interest income from all investments. Pursuant to change and to make it comparable, the cash flow from operating activities increased by~ 2,916.83 crore, for comparative full year ended 31 March 2024 with corresponding decrease in investing activities. Components of cash and cash equivalents ({ in crore) As at Particulars 31.03.2025 31 .03.2024 (Audited! (Auditedl Cash and cash equivalents comprises of Cash on hand 56.81 58.84 Balance with banks In current accounts 2,635.07 3,975.67 In fixed deposits (with original maturity of 3 months or less) 950.58 - Total 3,642.46 4,034.51 Statement ·of unaudited/audited Consolidated financial resu_lts for the Quarter and Financial year ended 31 March 2025 Notes 3 The consolidated financial results of Parent and its subsidiaries (collectively referred as 'Group') and its associates, include the result of the Company -and following % Shareholding and voting power of Bajaj Finance Limited Bajaj Housing Finance Ltd. (BHFL\\ 88.75%\" Bajaj Financial Securities Ltd. (BFinsec) 100% Snapwork Technologies Pvt. Ltd. 41 .50%* Pennant Technoloqies Pvt Ltd. 26.53%*", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 25, "section": "Total outstanding dues of micro enterprises and small enterprises \n0.42 \n-\nTotal outstanding dues of creditors other than micro enterprises and small enterprises \n930.49 \n764.58 \n(d) Debt securities \n. \n154,639.73 \n117,999.54 \n(e) Borrowings (Other than debt securities) \n132,102.25 \n111 ,617.47 \n(f) Deposits \n71 ,403.13 \n60, 150.92 \n(g) Subordinated liabilities \n3,103.54 \n3,577.90 \n(h) Other financial liabilities \n1,948.20 \n1,844.39 \nSub-total - Financial liabilities \n366,042.93 \n298,020.96", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fca3c172c4acbde0"}, {"chunk_id": "4eb63898ca820f52", "content": "% Shareholding and voting power of Bajaj Finance Limited Bajaj Housing Finance Ltd. (BHFL\\ 88.75%\" Bajaj Financial Securities Ltd. (BFinsec) 100% Snapwork Technologies Pvt. Ltd. 41 .50%* Pennant Technoloqies Pvt Ltd. 26.53%* • reduced from 100% to 88.75% effective 13 September 2024 consequent to allotment of equity shares pursuant to Initial Public Offer (IPO). *on fully diluted basis. Subsidiary Subsidiary Associate Associate", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 25, "section": "Total outstanding dues of micro enterprises and small enterprises \n0.42 \n-\nTotal outstanding dues of creditors other than micro enterprises and small enterprises \n930.49 \n764.58 \n(d) Debt securities \n. \n154,639.73 \n117,999.54 \n(e) Borrowings (Other than debt securities) \n132,102.25 \n111 ,617.47 \n(f) Deposits \n71 ,403.13 \n60, 150.92 \n(g) Subordinated liabilities \n3,103.54 \n3,577.90 \n(h) Other financial liabilities \n1,948.20 \n1,844.39 \nSub-total - Financial liabilities \n366,042.93 \n298,020.96", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fca3c172c4acbde0"}, {"chunk_id": "6b22f66f189069c3", "content": "4 The above results have been reviewed by the Audit Committee and approved by the Board of Directors at its meetings held on 29 April 2025. The financial results for year ended 31 March 2025 have been subjected to audit by joint statutory auditors, pursuant to regulation 33 and 52 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. These financial results have been prepared in accordance with Indian Accounting Standards prescribed under section 133 of the Companies Act. 2013 read with the Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time and other recognised accounting practices generally accepted in India along with the circulars, guidelines and directions issued by the Reserve Bank of India (RBI) and the National Housing Bank (NHB) from time to time. These financial results are available on the website of the Company viz. www.bajajfinserv.in/corporate-bajaj-finance and on the website of BSE Limited (www.bseindia.com) and National Stock Exchange of India Limited (www.nseindia.com). 5 The figures for the last quarter of the current and previous financial year are the balancing figures between audited figures in respect of the full financial year and the published year to date figures up to the end of third quarter of the current and previous financial year which were subjected to limited review by statutory auditors.", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 27, "section": "Total outstanding dues of micro enterprises and small enterprises \n0.42 \n-\nTotal outstanding dues of creditors other than micro enterprises and small enterprises \n930.49 \n764.58 \n(d) Debt securities \n. \n154,639.73 \n117,999.54 \n(e) Borrowings (Other than debt securities) \n132,102.25 \n111 ,617.47 \n(f) Deposits \n71 ,403.13 \n60, 150.92 \n(g) Subordinated liabilities \n3,103.54 \n3,577.90 \n(h) Other financial liabilities \n1,948.20 \n1,844.39 \nSub-total - Financial liabilities \n366,042.93 \n298,020.96", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "00635f4b36956ed6"}, {"chunk_id": "56773a11282fd39c", "content": "the published year to date figures up to the end of third quarter of the current and previous financial year which were subjected to limited review by statutory auditors. 6 On 13 September 2024, BHFL, a subsidiary of the Company, concluded its Initial Public Offer of { 6,560 crore, details of which are given below: Particulars Through fresh issue by BHFL Through offer for sale by the Total Companv No. of shares 508,571,428 428,571,428 937 ' 142,856 Issue price per share({) 70.00 70.00 7000 Total consideration ({in crore) 3,560.00 3,000.00 6,560.00 Consequently, the Company's shareholding in issued and paid up equity share capital of BHFL reduced from 100% to 88.75%. 7 On 29 January 2025, the Board of Directors of the Company had approved issue of 882, 182 equity shares of face value of ~ 2 each at applicable grant prices to BFL Employee Welfare Trust under Employee Stock Option Scheme, 2009. Consequently, on 5 February 2025, the Allotment committee alloted the equity shares. 8 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid the remaining 75% of the consideration, amounting to { 891.64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company allotted 1,550,000 equity shares with a face value of { 2 each, in accordance with SEBI ICDR Regulations.", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 27, "section": "Total outstanding dues of micro enterprises and small enterprises \n0.42 \n-\nTotal outstanding dues of creditors other than micro enterprises and small enterprises \n930.49 \n764.58 \n(d) Debt securities \n. \n154,639.73 \n117,999.54 \n(e) Borrowings (Other than debt securities) \n132,102.25 \n111 ,617.47 \n(f) Deposits \n71 ,403.13 \n60, 150.92 \n(g) Subordinated liabilities \n3,103.54 \n3,577.90 \n(h) Other financial liabilities \n1,948.20 \n1,844.39 \nSub-total - Financial liabilities \n366,042.93 \n298,020.96", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "00635f4b36956ed6"}, {"chunk_id": "fa588e5ccfd801fe", "content": "Pursuant to the same, the Preferential Issue Allotment Committee of the Company allotted 1,550,000 equity shares with a face value of { 2 each, in accordance with SEBI ICDR Regulations. 9 During the quarter ended 31 March 2025, the Group re-assessed its income tax position for certain items based on favourable orders of various courts and tribunals. Accordingly, the Group has reversed tax expense for earlier years amounting to { 249 crore and reduced the current year's tax provision by { 99 crore, resulting in overall tax reduction of {348 crore. 1 O The Board of Directors of the Company in its meeting held on 29 April 2025 approved distribution of a special interim dividend of { 12 per equity share from the exceptional gain resulting from the sale of investment in BHFL on account of IPO listing in September 2024. 11 The Board of Directors of the Company has recommended in its meeting held on 29 April 2025, subject to shareholders' approval, distribution of final dividend of { 44 per equity share of the face value of { 2 (2200%) out of the profits of the financial year 2024-25 (Previous year { 36 per share of the face value of 12 The Board of Directors of the Company in its meeting held on 29 April 2025, has approved, subject to shareholder approval, the sub-division of the face value of", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 27, "section": "Total outstanding dues of micro enterprises and small enterprises \n0.42 \n-\nTotal outstanding dues of creditors other than micro enterprises and small enterprises \n930.49 \n764.58 \n(d) Debt securities \n. \n154,639.73 \n117,999.54 \n(e) Borrowings (Other than debt securities) \n132,102.25 \n111 ,617.47 \n(f) Deposits \n71 ,403.13 \n60, 150.92 \n(g) Subordinated liabilities \n3,103.54 \n3,577.90 \n(h) Other financial liabilities \n1,948.20 \n1,844.39 \nSub-total - Financial liabilities \n366,042.93 \n298,020.96", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "00635f4b36956ed6"}, {"chunk_id": "3cb0ae9ecc57869e", "content": "12 The Board of Directors of the Company in its meeting held on 29 April 2025, has approved, subject to shareholder approval, the sub-division of the face value of shares from { 2 to { 1 fully paid equity shares, and the issue of 4 fully paid bonus equity shares of face value { 1 for every 1 fully paid equity share of face value { 1. 13 All the secured non-convertible debentures of the Company and one of its subsidiary viz. BHFL including those issued during the nine months ended 31 December 2024 are fully secured by hypothecation of book debts/loan receivables to the extent as stated in their respective information memorandum. Until 20 November 2020, the Company had mortgaged its Chennai's office on pari passu charge against specific debentures issued till that date. Further, the Company and one of its subsidiary viz. BHFL has, at all times, for the non-convertible _debentures, maintained asset cover as stated in the respective information memorandum which is sufficient to discharge the principal amount, interest accrued thereon and such other sums as mentioned therein. Statement of unaudited/audited Consolidated financial results for the Quarter and Financial year ended 31 March 2025 14 The Company and one of its subsidiary viz. BHFL is engaged primarily in the business of financing in India and accordingly there are no separate operating segments as per Ind AS 108 dealing with Operating Segments.", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 27, "section": "Total outstanding dues of micro enterprises and small enterprises \n0.42 \n-\nTotal outstanding dues of creditors other than micro enterprises and small enterprises \n930.49 \n764.58 \n(d) Debt securities \n. \n154,639.73 \n117,999.54 \n(e) Borrowings (Other than debt securities) \n132,102.25 \n111 ,617.47 \n(f) Deposits \n71 ,403.13 \n60, 150.92 \n(g) Subordinated liabilities \n3,103.54 \n3,577.90 \n(h) Other financial liabilities \n1,948.20 \n1,844.39 \nSub-total - Financial liabilities \n366,042.93 \n298,020.96", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "00635f4b36956ed6"}, {"chunk_id": "9022c58be91b705d", "content": "BHFL is engaged primarily in the business of financing in India and accordingly there are no separate operating segments as per Ind AS 108 dealing with Operating Segments. One of the subsidiary viz. BFinsec is engaged in the business of providing stock broking and depository participant services. Since, this segment does not satisfy the quantitative thresholds laid down under Ind AS 108 'Operating Segments' for reportable segments, it has not been considered for segment reporting. 15 Figures for the previous periods have been regrouped, wherever necessary, to make them comparable with the current period. 16 The Company has designated an exclusive email ID viz. investor.service@bajajfinserv.in for investor grievance redressal. By order of the Board of Directors For Bajaj Finance Limited Anup Saha Managing Director GIN : L6591OMH1987PLC042961 Registered Office : Akurdi, Pune - 411 035 I Corporate Office : 4th Floor, Bajaj Finserv Corporate Office, Off. Pune - Ahmednagar Road , Viman Nagar, Pune - 411 014 I Tel. : 020-71576403 Fax : 020-71576364 Email : investor.service@bajajfinserv.in I Website : https://www.aboutbajajfinserv.com/finance-about-us Disc losure in com pliance with Regulation 52 (4) of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 Particulars For the Qua:e~I For the year ended For the Quarte:I en e ended For the year ended 1. Debt-Equity ratio [Debt securities+Borrowings (other than debt 3.65 3.82", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 27, "section": "Total outstanding dues of micro enterprises and small enterprises \n0.42 \n-\nTotal outstanding dues of creditors other than micro enterprises and small enterprises \n930.49 \n764.58 \n(d) Debt securities \n. \n154,639.73 \n117,999.54 \n(e) Borrowings (Other than debt securities) \n132,102.25 \n111 ,617.47 \n(f) Deposits \n71 ,403.13 \n60, 150.92 \n(g) Subordinated liabilities \n3,103.54 \n3,577.90 \n(h) Other financial liabilities \n1,948.20 \n1,844.39 \nSub-total - Financial liabilities \n366,042.93 \n298,020.96", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "00635f4b36956ed6"}, {"chunk_id": "b7b0efcb92ccff49", "content": "Particulars For the Qua:e~I For the year ended For the Quarte:I en e ended For the year ended 1. Debt-Equity ratio [Debt securities+Borrowings (other than debt 3.65 3.82 securities)+Deposits+Subordinated liabilities] I Total Equity 31 March 2025 31 March 2025 31 March 2024 31 March 2024 2. Outstanding redeemable preference shares (quantity and value) Nil Nil 3. Debenture Redemption Reserve Not Apolicable Not Applicable 4. Capital Redemption Reserve Nil Nil 5. Net Worth ( ~ in crore) 96,692.87 76,695.35 6. Net Profit after tax ( ~ in crore) 4,545.57 I 16,779.48 3.824.53 I 14,451 .17 7. Earnings per share [not annualised] Bas i c ( ~ ) 72.35 I 268.94 61 .91 I 236.89 Di l uted ( ~ ) n rn I 268.20 61 .10 I 235.98 8. Total debts to total assets ratio [Debt securities+ Borrowings (other than debt 0.78 0.78 securities)+Deposits+Subordinated liabilities] I Total Assets 9. Net profit margin [Profit after tax I Total Income] 24.61 %1 24.07% 25.61 %1 26.28% 10. Sector specific equivalent rati o, as applicable (B) Net NPA (stage 3 asset, net) ratio 0.44% 0.37%", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 27, "section": "Total outstanding dues of micro enterprises and small enterprises \n0.42 \n-\nTotal outstanding dues of creditors other than micro enterprises and small enterprises \n930.49 \n764.58 \n(d) Debt securities \n. \n154,639.73 \n117,999.54 \n(e) Borrowings (Other than debt securities) \n132,102.25 \n111 ,617.47 \n(f) Deposits \n71 ,403.13 \n60, 150.92 \n(g) Subordinated liabilities \n3,103.54 \n3,577.90 \n(h) Other financial liabilities \n1,948.20 \n1,844.39 \nSub-total - Financial liabilities \n366,042.93 \n298,020.96", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "00635f4b36956ed6"}, {"chunk_id": "d2efa956de1ed501", "content": "(A) Gross NPA (stage 3 asset, gross) ratio 0.96% 0.85% Debt service coverage ratio, interest service coverage ratio, current ratio, long term debt to working capital, bad debts to accounts receivable ratio, current liability ratio, debtors turnover, inventory turnover and operating margin ratio are not relevant as the Group is engaged in financing activities.", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 27, "section": "Total outstanding dues of micro enterprises and small enterprises \n0.42 \n-\nTotal outstanding dues of creditors other than micro enterprises and small enterprises \n930.49 \n764.58 \n(d) Debt securities \n. \n154,639.73 \n117,999.54 \n(e) Borrowings (Other than debt securities) \n132,102.25 \n111 ,617.47 \n(f) Deposits \n71 ,403.13 \n60, 150.92 \n(g) Subordinated liabilities \n3,103.54 \n3,577.90 \n(h) Other financial liabilities \n1,948.20 \n1,844.39 \nSub-total - Financial liabilities \n366,042.93 \n298,020.96", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "07a42cb765e3a488"}, {"chunk_id": "fe86748d925f8fdb", "content": "THE MANAGER, THE MANAGER, BSELIMITED LISTING DEPARTMENT DCS-CRD NATIONAL STOCK EXCHANGE OF INDIA PHIROZE :IEE:JEEBHOY TOWERS LTD. EXCHANGE PLAZA, C-1. BLOCK G, DALAL STREET, BANDRA - KURLA COMPLEX, BANDRA MUMBAI - 400 001 (EAST) MUMBAI - 400 051 SCRIP CODE: 500034 SCRIP CODE: BA:IFINANCE - EQ Sub: Declaration in terms of Regulation 33(3)(d) and 52(3)(a) of SEB' (Listing Obligations and Disclosure Requirements) Regulations, 2015, (SEBI Listing Regulations) Pursuant to Regulation 33(3)(d) and 52(3)(a) of SEBI Listing Regulations. we declare that Kirtane & Pandit LLP and Price Waterhouse LLP. Joint Statutory Audit ors of the Company, have submitted the Audit Reports with unmodified opinion(s). for Annual Audited Financial Results (standalone and consolidated) for the financial year ended 31 March 2025. Yours faithfully. For Bajaj Finance Limited ief Operating Officer & Chief Financial Officer BA:JA:J FINANCE LIMITED https://www.aboutbajajfinserv.com/finance-a bout-us", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 28, "section": "THE MANAGER, \nTHE MANAGER, \nBSELIMITED \nLISTING DEPARTMENT \nDCS-CRD \nNATIONAL STOCK EXCHANGE OF INDIA \nPHIROZE :IEE:JEEBHOY TOWERS \nLTD. EXCHANGE PLAZA, C-1. BLOCK G, \nDALAL STREET, \nBANDRA -\nKURLA COMPLEX, BANDRA \nMUMBAI - 400 001 \n(EAST) MUMBAI - 400 051 \nSCRIP CODE: 500034 \nSCRIP CODE: BA:IFINANCE - EQ", "subsection": "BA:JA:J FINANCE LIMITED", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "56a748a10608e10c"}, {"chunk_id": "827a101f4bed06cb", "content": ":orporate Office: 4'h Floor. Bajaj Finserv Corporate Office. Off Pune-Ahmednagar Road. Viman Nagar. Pune - 411 014, ~aharashtra , India :orporate Office Extn.: 3'\" Floor, Panchshil Tech Park, Viman Nagar, Pune - 411 014, Maharashtra, India ·el: +91 20 7157 6403 I Fax: +91 20 7157 6364 legistered Office: C/o Bajaj Auto Limited complex. Mumbai - Pune Road, Akurdi, Pune - 411 035. Maharashtra. India :orporate ID No.: L65910MH1987PLC042961 I Email ID: investor.service@bajajfinserv.in", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 28, "section": "mo \nme", "subsection": "BA:JA:J FINANCE LIMITED", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "702e24bda076789a"}, {"chunk_id": "526da57f60069359", "content": ".FINSE'IV Page 1of10 Financial results for Q4 and FY25 Bajaj Finance reports: - Consolidated profit after tax of' 4,546 crore for Q4 FY25 and ' 16,779 crore for FY25 - Consolidated assets under management at' 41 6,661 crore as of 31 March 2025 Customer franchise of 101.82 million as of 31 March 2025, surpassing a milestone of 100 million A meeting of the Board of Directors of Bajaj Finance Limited (BFL) was held today to consider and approve the unaudited/audited standalone and consolidated financial results for the quarter and financial year ended 31 March 2025. The consolidated financial results include the results of BFL and following subsidiaries and associates: Entity name % Shareholding and Consolidated as voting power of BFL Bajaj Housing Finance Limited (BHFL)· 88.75%# Subsidiary Bajaj Financial Securities Limited (BFinsec) 100% Subsidiary Snapwork Technologies Private Limited 41 .50%* Associate Pennant Technologies Private Limited 26.53%* Associate #reduced from 100% to 88.75%, effective 13 September 2024, consequent to the allotment of equity shares pursuant to Initial Public Offer (IPO). *on fully diluted basis. CONSOLIDATED PERFORMANCE HIGHLIGHTS Particulars Q4 FY25 Q4 FY24 Growth FY25 FY24 Growth New loans booked (No. in million) 10.70 7.87 36% 43.42 36.20 20% Customer franchise (No. in million) 101 .82 83.64 22% 101.82 83.64 22% Assets under management (z in crore) 416,661 330,615 26% 416,661 330,615 26% Profit after tax (z in crore) 4,546 3,825 19% 16,779 14,451 16% Annualised ROA 4.6% 4.8% 4.6% 5.1% Annualised ROE 19.1 % 20.5%", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 29, "section": ".FINSE'IV \nPage 1of10", "subsection": "> Customer franchise crossed a milestone of 100 million and stood at 101 .82 million as of 31 March 2025,", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3dabdbb9773122f9"}, {"chunk_id": "f7909d9837833c53", "content": "101 .82 83.64 22% 101.82 83.64 22% Assets under management (z in crore) 416,661 330,615 26% 416,661 330,615 26% Profit after tax (z in crore) 4,546 3,825 19% 16,779 14,451 16% Annualised ROA 4.6% 4.8% 4.6% 5.1% Annualised ROE 19.1 % 20.5% 19.2% 221 % CONSOLIDATED PERFORMANCE HIGHLIGHTS - Q4 FY25 > Number of new loans booked in 04 FY25 was at 10.10 million as against 7.87 million in 04 FY24, a growth of 36%. > Customer franchise crossed a milestone of 100 million and stood at 101 .82 million as of 31 March 2025, compared to 83.64 million as of 31 March 2024, a growth of 22%. Customer franchise grew by 4.70 million in 04 FY25.", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 29, "section": ".FINSE'IV \nPage 1of10", "subsection": "> Customer franchise crossed a milestone of 100 million and stood at 101 .82 million as of 31 March 2025,", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3dabdbb9773122f9"}, {"chunk_id": "6cb52b8fbc2ce824", "content": "> Assets under management (AUM) grew by 26% to z 416,661 crore as of 31 March 2025 from z 330,615 crore as of 31March2024. AUM grew by z 18,618 crore in 04 FY25. > Net interest income increased by 22% in 04 FY25 to z 9,807 crore from z 8,013 crore in 04 FY2 BA:JA:J FINANCE LIMITED https://www.aboutbajajfinserv.com/finance-about-us", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 29, "section": "> Assets under management (AUM) grew by 26% to z 416,661 crore as of 31 March 2025 from \nz 330,615 crore as of 31March2024. AUM grew by z 18,618 crore in 04 FY25.", "subsection": "BA:JA:J FINANCE LIMITED", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2bfd714deeca238e"}, {"chunk_id": "bb3fcf66bf22b767", "content": "Corporate Office: 4'h Floor, Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road , Viman Nagar, Pune - 411 014, Maharashtra , India Corporate Office Extn.: 3\" Floor, Panchshil Tech Park, Viman Nagar, Pune - 411 014, Maharashtra, India Tel: +91 20 7157 6403 1 Fax: +91 20 7157 6364 Registered Office: Clo Bajaj Auto Limited complex, Mumbai - Pune Road, Akurdi, Pune - 41 1 035, Maharashtra, India Corporate ID No.: L65910MH1987P LC042961 I Email ID: investor.service@bajajfinserv.in", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 29, "section": "mo \nma", "subsection": "BA:JA:J FINANCE LIMITED", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9cea197caf8706c1"}, {"chunk_id": "e5c754fa0ae23e07", "content": "> Loan losses and provisions for 04 FY25 was z 2,329 crore as against z 1,310 crore in 04 FY24. In 04 FY25, the Company made an additional provision of z 359 crore on account of the redevelopment of its ECL model. Excluding this, loan losses and provisions for 04 FY25 amounted to z 1,970 crore. > Loan losses and provisions to average asset under finance for 04 FY25 was 2.33%. Excluding the", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 30, "section": "> \nLoan losses and provisions for 04 FY25 was z 2,329 crore as against z 1,310 crore in 04 FY24. In 04 \nFY25, the Company made an additional provision of z 359 crore on account of the redevelopment of its ECL \nmodel. Excluding this, loan losses and provisions for 04 FY25 amounted to z 1,970 crore.", "subsection": "> Loan losses and provisions to average asset under finance for 04 FY25 was 2.33%. Excluding the", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "840988bd3804b6d5"}, {"chunk_id": "7c0cc597a29ac9fd", "content": "additional ECL provision of z 359 crore on account of model redevelopment, it was 1.97%. > Profit before tax increased by 11 % in 04 FY25 to z 5,64 7 crore from z 5, 105 crore in 04 FY24. Excluding the additional ECL provision of z 359 crore on account of model redevelopment, growth was 18%. >- Profit after tax increased by 19% in 04 FY25 to z 4,546 crore from z 3,825 crore in 04 FY24.", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 30, "section": "additional ECL provision of z 359 crore on account of model redevelopment, it was 1.97%. \n> Profit before tax increased by 11 % in 04 FY25 to z 5,64 7 crore from z 5, 105 crore in 04 FY24. Excluding", "subsection": ">-\nProfit after tax increased by 19% in 04 FY25 to z 4,546 crore from z 3,825 crore in 04 FY24.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "54fe4db56f901d42"}, {"chunk_id": "95a43e2ed78b4c5c", "content": "During the quarter, the Company re-assessed its income tax position for certain items based on favorable orders of various courts and tribunals. Accordingly, the Company has reversed tax expense for earlier years amounting to z 249 crore and reduced the current year's tax provision by z 99 crore, resulting in overall tax reduction of z 348 crore in 04 FY25. Excluding the additional ECL provision on account of model redevelopment and reduction in income tax provision, profit after tax growth was 17%. > Gross NPA and Net NPA as of 31 March 2025 stood at 0.96% and 0.44% respectively, as against 0.85% and 0.37% as of 31 March 2024. The provisioning coverage ratio on stage 3 assets was 54%. > Capital adequacy ratio (CRAR) (including Tier-II capital) as of 31 March 2025 was 21 .93%. The Tier-I > The Company enjoys the highest credit rating of AAA/Stable for its long-term debt programme from CRISIL, ICRA, CARE and India Ratings, A1+ for short-term debt programme from CRISIL, ICRA, CARE and India Ratings and AAA (Stable) for its fixed deposits programme from CRISIL and ICRA. > S&P Global ratings, on 17 March 2025, upgraded long-term outlook for the Company from 'stable' to 'positive' while upgrading the Company's standalone credit profile (SACP) rating to 'BBB'. The Company now hold long-term issuer rating of BBB-/Positive and short-term issuer rating of A-3 by S&P Global ratings.", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 30, "section": "During the quarter, the Company re-assessed its income tax position for certain items based on favorable \norders of various courts and tribunals. Accordingly, the Company has reversed tax expense for earlier years \namounting to z 249 crore and reduced the current year's tax provision by z 99 crore, resulting in overall tax \nreduction of z 348 crore in 04 FY25.", "subsection": "> S&P Global ratings, on 17 March 2025, upgraded long-term outlook for the Company from 'stable' to", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7508efc27164ce51"}, {"chunk_id": "7d734170572b8f2a", "content": "'positive' while upgrading the Company's standalone credit profile (SACP) rating to 'BBB'. The Company now hold long-term issuer rating of BBB-/Positive and short-term issuer rating of A-3 by S&P Global ratings. Additionally, the Company has been assigned Baa3/P-3 long-term and short term foreign and local currency issuer ratings with stable outlook by Moody's ratings.", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 30, "section": "During the quarter, the Company re-assessed its income tax position for certain items based on favorable \norders of various courts and tribunals. Accordingly, the Company has reversed tax expense for earlier years \namounting to z 249 crore and reduced the current year's tax provision by z 99 crore, resulting in overall tax \nreduction of z 348 crore in 04 FY25.", "subsection": "> S&P Global ratings, on 17 March 2025, upgraded long-term outlook for the Company from 'stable' to", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7508efc27164ce51"}, {"chunk_id": "56c64154d3bfd86c", "content": "> On 26 March 2025, Bajaj Finserv Ltd. , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid the remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company allotted 1,550,000 equity shares with a face value of z 2 each , in accordance with SEBI ICDR Regulations.", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 30, "section": "> On 26 March 2025, Bajaj Finserv Ltd. , the promoter and holding company, exercised the option attached to \nwarrants issued on 2 November 2023 and paid the remaining 75% of the consideration, amounting to z", "subsection": "891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company allotted \n1,550,000 equity shares with a face value of z 2 each , in accordance with SEBI ICDR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e0a24bb9421bee6d"}, {"chunk_id": "724ffbdfd7f304ce", "content": "> On 28 April 2025, the Company entered into an agreement for acquisition of 12% stake in Protectt.ai Labs Pvt. Ltd. for z 65 crore. Founded in 2020, Protectt.ai is a cybersecurity product company which specializes in mobile app security solutions. BA:JA:J FINANCE LIMITED https://www.aboutbajajfinserv.com/finance-about-us Corporate Office: 4th Floor, Bajaj FinseN Corporate Office, Off Pune-Ahmednagar Road , Viman Nagar, Pune - 411 014, Maharashtra, India Corporate Office Extn.: 3'' Floor, Panchshil Tech Park, Viman Nagar, Pune- 411 014, Maharashtra, India Tel : +91207157 6403 1 Fax: +91 20 7157 6364 Registered Office: Clo Bajaj Auto Limited complex, Mumbai - Pune Road , Akurdi, Pune - 411 035, Maharashtra, India Corporate ID No.: L65910MH1987PLC042961 I Email ID: investor.service@bajajfinserv.in", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 30, "section": "> On 28 April 2025, the Company entered into an agreement for acquisition of 12% stake in Protectt.ai Labs \nPvt. Ltd. for z 65 crore. Founded in 2020, Protectt.ai is a cybersecurity product company which specializes \nin mobile app security solutions.", "subsection": "BA:JA:J FINANCE LIMITED", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6021ba678b05ad81"}, {"chunk_id": "61e7d0c0115a123a", "content": ".FINSE'lV Page 3 of 10 CONSOLIDATED PERFORMANCE HIGHLIGHTS - FY25 :;... Number of new loans booked grew by 20% in FY25 to 43.42 million as against 36.20 million in FY24. > Customer franchise stood at 101 .82 million as of 31 March 2025 as compared to 83.64 million as of 31 March 2024, a growth of 22%. Customer franchise grew by 18.18 million in FY25. > Net interest income increased by 23% in FY25 to < 36,393 crore from < 29,582 crore in FY24. > Net total income increased by 24% in FY25 to < 44,954 crore from < 36,258 crore in FY24. > Operating expenses to net total income for FY25 was 33.2% as against 34.0% in FY24. :;;.. Pre-provisioning operating profit increased by 25% in FY25 to< 30,028 crore from < 23,933 crore in FY24. > Loan losses and provisions in FY25 was < 7,966 crore as against < 4,631 crore in FY24. Excluding the additional ECL provision of z359 crore on account of model redevelopment, loan losses and provisions for FY25 was z 7,607 crore. > Profit before tax increased by 14% in FY25 to< 22,080 crore from< 19,310 crore in FY24. Excluding the additional ECL provision of z359 crore on account of model redevelopment, growth was 16%. > Profit after tax increased by 16% in FY25 to < 16,779 crore from < 14,451 crore in FY24. Excluding the additional ECL provision on account of model redevelopment and reduction in income tax provision, profit after tax growth was 16%.", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 31, "section": ".FINSE'lV \nPage 3 of 10", "subsection": "> The Board of Directors has recommended a final dividend of < 44 per equity share of face value of < 2", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7e3758c1478503a3"}, {"chunk_id": "7fbed295ecb278ac", "content": "Excluding the additional ECL provision on account of model redevelopment and reduction in income tax provision, profit after tax growth was 16%. > The Board of Directors has approved distribution of a special interim dividend of< 12 per equity share, from the exceptional gain resulting from the sale of investment in BHFL as part of IPO listing in September 2024. > The Board of Directors has recommended a final dividend of < 44 per equity share of face value of < 2 (2200%) for FY25 (Previous year < 36 per equity share of face value of < 2 each Le. 1800%).", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 31, "section": ".FINSE'lV \nPage 3 of 10", "subsection": "> The Board of Directors has recommended a final dividend of < 44 per equity share of face value of < 2", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7e3758c1478503a3"}, {"chunk_id": "248d7ff3f2969188", "content": "> The Board of Directors has approved, subject to shareholder approval, the sub-division of the face value of shares from z 2 to z 1 fully paid equity shares, and the issue of 4 fully paid bonus equity shares of face value z 1 for every 1 fully paid equity share of face value z 1. The bonus issue reflects the Company's strong financial position, robust reserves, and positive growth outlook. BA:JA:J FINANCE LIMITED https://www.aboutbajajfinserv.com/finance-about-us", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 31, "section": "> The Board of Directors has approved, subject to shareholder approval, the sub-division of the face value of \nshares from z 2 to z 1 fully paid equity shares, and the issue of 4 fully paid bonus equity shares of face \nvalue z 1 for every 1 fully paid equity share of face value z 1. The bonus issue reflects the Company's strong \nfinancial position, robust reserves, and positive growth outlook.", "subsection": "BA:JA:J FINANCE LIMITED", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ec5cec4f5d73e8fa"}, {"chunk_id": "cdad92f208b43330", "content": "Corporate Office Extn.: 3'' Floor, Panchshil Tech Park, Viman Nagar, Pune- 411 014, Maharashtra . India Tel : +91 20 7157 6403 1 Fax: +91 20 7157 6364 Registered Office: Clo Bajaj Auto Limited complex, Mumbai - Pune Road , Akurdi, Pune - 411 035, Maharashtra, India Corporate ID No.: L6591 0MH 1987PLC042961 I Email ID: investor.service@bajajfinserv.in Corporate Office: 4<h Floor, Bajaj Finserv Corporate Office. Off Pune-Ahmed nagar Road , Viman Nagar. Pune - 411 014, Maharashtra, India ·", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 31, "section": "mo \nme", "subsection": "BA:JA:J FINANCE LIMITED", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "637f160081c0c3b9"}, {"chunk_id": "9956143a32e0c71d", "content": "A - Breakup of consolidated AUM and deposits book As of 31 March 2025 Consolidated AUM as of BFL BHFL BFinsec Consolidated 31 March 2024 Two & Three-Wheeler Finance 17,319 - - 17,319 19,742 Urban Sales Finance 29, 109 - - 29, 109 23,448 Urban B2C Loans 86,096 1,600 - 87,696 66,093 Rural Sales Finance 7,944 - - 7,944 6,209 Gold Loans 8,307 - - 8,307 4,599 Rural B2C Loans 21,467 - - 21,467 17,607 SME Lending 50,230 115 - 50,345 38,470 Car Loans 11 ,876 - - 11 ,876 7,087 Commercial Lending 28,285 - - 27,760 22,006 Loan against securities 20,872 - 4,505 25,377 22,038 Mortgages 27,327 112,969 - 129,461 103,316 Total AUM 308,832 114,684 4,505 416,661 330,615 I As of 31 March 2025 Consolidated Deposits BFL BHFL Consolidated Deposits 71 ,365 38 71,403 Approximately 20% of the consolidated borrowings and 26% of the standalone borrowings . BA:JA:J FINANCE LIMITED https://www.aboutbajajfinserv.com/finance-about-us Corporate Office: 4th Floor, Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road, Viman Nagar, Pune- 411 01 4, Maharashtra , India Corporate Office Extn.: 3•d Floor, Panchshil Tech Park, Viman Nagar, Pune - 4 11 01 4, Maharashtra, India Tel: +91 20 7157 6403 I Fax: +91 20 7157 6364 Registered Office: Clo Bajaj Auto Limited complex, Mumbai - Pune Road , Akurdi, Pune - 4 11 035, Maharashtra, India Corporate ID No.: L65910MH1987PLC042961 I Email ID: investor.service@bajajfinserv.in", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 32, "section": "llFINSE'lV", "subsection": "BA:JA:J FINANCE LIMITED", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "06b838746b10a4c5"}, {"chunk_id": "baef2125f01dc063", "content": "B - Summary of consolidated financial results Particulars Q4'25 Q4'24 QoQ FY25 Assets under management 416,661 330,615 26% 416,661 New loans booked (No. in million) 10.70 7.87 36% 43.42 Assets under finance 407,844 326,293 25% 407,844 Interest income 16,359 13,230 24% 61 , 164 Interest expenses 6,552 5,217 26% 24,771 Net interest income 9,807 8,013 22% 36,393 Fees and commission income 1,522 1,324 15% 5,983 Net gain on fair value changes 123 78 58% 539 Income on de-recognised loans 143 9 579 and Sale of services Others* 322 290 11 % 1,460 Net total income 11,917 9,714 23% 44,954 Operating expenses 3,950 3,302 20% 14,926 Pre-provisioning operating 7,967 6,412 24% 30,028 profit . Loan losses and provisions 2,329 1,310 78% 7,966 Share of profit of associates 9 3 200% 18 Profit before tax 5,647 5,105 11% 22,080 Profit after tax 4,546 3,825 19% 16,779 Profit after tax attributable to- Owner's of the Company 4,480 3,825 17% 16,638 Non-controlling interest 66 - 141 * Others include other operating income and other income https://www.aboutbajajfinserv.com/finance-about-us Corporate Office: 4'\" Floor, Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road, Viman Nagar, Pune - 41 1 014, Maharashtra, India Corporate Office Extn.: 3•d Floor. Panchshil Tech Park, Viman Nagar, Pune - 411 014, Maharashtra, India Tel : +91 20 7157 64031 Fax: +91 20 7157 6364 Registered Office: Clo Bajaj Auto Limited complex, Mumbai - Pune Road , Akurdi , Pune - 411 035, Maharashtra , India Corporate ID No.: L65910MH 1987PLC042961 I Email ID: investor.service@bajajfin serv.in", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 33, "section": ".FINSE'lV", "subsection": "14,451 \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c8c935f3826e0d98"}, {"chunk_id": "5128b9c0b1d5bde7", "content": "> Net interest income increased by 21% in 04 FY25 to z 8,910 crore from z 7,340 crore in 04 FY24. > Net total income increased by 22% in 04 FY25 to z 10,894 crore from z 8,904 crore in 04 FY24. > Operating expenses to net total income for 04 FY25 was 33.9% as against 34.4% in 04 FY24. > Pre-provisioning operating profit increased by 23% in 04 FY25 to z 7,205 crore from z 5,844 crore in 04 FY24. > Loan losses and provisions for 04 FY25 was z 2,300 crore as against z 1,278 crore in 04 FY24. In 04 FY25, the Company made an additional provision of z 359 crore on account of the redevelopment of its Expected Credit Loss (ECL) model. Excluding this adjustment, loan losses and provisions for 04 FY25 amounted to z 1, 941 cFOre.", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 34, "section": "> Net interest income increased by 21% in 04 FY25 to z 8,910 crore from z 7,340 crore in 04 FY24. \n> Net total income increased by 22% in 04 FY25 to z 10,894 crore from z 8,904 crore in 04 FY24.", "subsection": "FY25, the Company made an additional provision of z 359 crore on account of the redevelopment of its \nExpected Credit Loss (ECL) model. Excluding this adjustment, loan losses and provisions for 04 FY25 \namounted to z 1, 941 cFOre.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2758e9de15087045"}, {"chunk_id": "be70fe92bfd368bc", "content": "During the quarter, the Company re-assessed its income tax position for certain items based on favourable orders of various courts and tribunals. Accordingly, the Company has reversed tax expense for earlier years amounting to z 224 crore and reduced the current year's tax provision by z 89 crore, resulting in overall tax reduction of z313 crore in 04 FY25. Excluding the additional ECL provision on account of model redevelopment and reduction in income tax provision, profit after tax growth was 15%. > Gross NPA and Net NPA as of 31 March 2025 stood at 1 18% and 0.56% respectively, as against 1.05% and 0.46% as of 31 March 2024. The Company has provisioning coverage ratio of 53% on stage 3 assets. Bajaj Finance Limited - FY25", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 34, "section": "During the quarter, the Company re-assessed its income tax position for certain items based on favourable \norders of various courts and tribunals. Accordingly, the Company has reversed tax expense for earlier years \namounting to z 224 crore and reduced the current year's tax provision by z 89 crore, resulting in overall tax \nreduction of z313 crore in 04 FY25.", "subsection": "> Gross NPA and Net NPA as of 31 March 2025 stood at 1 18% and 0.56% respectively, as against 1.05%", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b09c1c4270526a34"}, {"chunk_id": "d8b292f7148e2074", "content": "> Loan losses and provisions for FY25 was z 7,883 crore as against z 4,572 crore in FY24. Excluding the additional ECL provision of z359 crore on account of model redevelopment, loan losses and provisions for FY25 was z 7,524 crore. > Profit before exceptional gain and tax increased by 12% in FY25 to z 19, 132 crore from z 17,053 crore in FY24. Excluding the additional ECL provision of z359 crore on account of model redevelopment, growth · was 14%. BA:JA:J FINANCE LIMITED https://www.aboutbajajfinserv.com/finance-about-us Corporate Office: 4th Floor, Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road , Viman Nagar, Pune - 411 01 4, Maharashtra , India Corporate Office Extn.: 3'° Floor, Panchshil Tech Park, Viman Nagar, Pune - 411 014 , Maharashtra, India Tel : +91207157 6403 f Fax: +91 20 7157 6364 Registered Office: Clo Bajaj Auto Limited complex, Mumbai - Pune Road, Akurdi, Pune - 411 035, Maharashtra, India Corporate ID No.: L65910MH1987PLC042961 f Email ID: investor.service@bajajfinserv.in", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 34, "section": "> Loan losses and provisions for FY25 was z 7,883 crore as against z 4,572 crore in FY24. Excluding the \nadditional ECL provision of z359 crore on account of model redevelopment, loan losses and provisions for \nFY25 was z 7,524 crore.", "subsection": "BA:JA:J FINANCE LIMITED", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "dc27e7e9d629ad0e"}, {"chunk_id": "388020ce8d1697e8", "content": "II FINSE'IV Page 7 of 10 :;.... Profit before tax increased by 27% in FY25 to < 21 ,676 crore from < 17,053 crore in FY24. During the year, the Company recognised an exceptional gain of~ 2,544 crore on account of sale of equity shares of BHFL pursuant to IPO of BHFL. > Profit after tax increased by 32% in FY25 to < 16,662 crore from < 12,644 crore in FY24. Excluding the additional ECL provision on account of model redevelopment, reduction in income tax . provision and exceptional gain on sale of BHFL shares, profit after tax growth was 14%. C - Summary of standalone financial results of Bajaj Finance Limited Particulars Q4'25 Q4'24 QoQ FY25 Newloansbooked(No. in million) 10.60 7.81 36% 43.04 Assets under management 308,832 244,826 26% 308,832 Asset under finance 304,359 243,334 25% 304,359 Interest income 13,824 11 ,201 23% 51 ,549 Interest expenses 4,914 3,861 27% 18,437 Net interest income 8,910 7,340 21% 33,112 Fees and commission income 1,446 1,241 17% 5,641 Net gain on fair value changes 83 35 137% 344 Income on de-recognised loans and 134 10 477 Sale of services Others* 321 278 15% 1,409 Net total income 10,894 8,904 22% 40,983 Operating expenses 3,689 3,060 21% 13,968 Pre-provisioning operating profit 7,205 5,844 23% 27,015 Profit before exceptional gain and 4,905 4,566 7% 19,132 tax Loan losses and provisions 2,300 1,278 80% 7,883 Exceptional gain - - 2,544 Profit before tax 4,905 4,566 7% 21,676 Profit after tax 3,940 3,402 16% 16,662 * Others include other operating income and other income BA::JA::J FINANCE LIMITED", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 35, "section": "II \nFINSE'IV \nPage 7 of 10", "subsection": "BA::JA::J FINANCE LIMITED", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e1eb18c669e4b658"}, {"chunk_id": "f1fa971ef3cd5f10", "content": "Corporate Office: 41\" Floor. Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road, Viman Nagar, Pune - 411 014. Maharashtra , India Corporate Office Extn.: 3•d Floor. Panchshil Tech Park, Viman Nagar, Pune - 411 014. Maharashtra, India Tel: +91 20 71 57 64031 Fax: +91 20 71 57 6364 Registered Office: Clo Bajaj Auto Limited complex, Mumbai - Pune Road , Akurdi , Pune - 411 035, Maharashtra, India Corporate ID No.: L65910M H1987PLC042961 I Email ID: investor.service@bajajfinserv.in", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 35, "section": "ma \nme", "subsection": "BA::JA::J FINANCE LIMITED", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "696c842cef7aa7a9"}, {"chunk_id": "adcf286f7ce37683", "content": "> Profit before tax increased by 48% in Q4 FY25 to z 720 crore from z 488 crore in Q4 FY24. > Profit after tax increased by 54% in Q4 FY25 to z 587 crore from z 381 crore in Q4 FY24. During the quarter, the Company re-assessed its income tax position for certain items based on favorable orders of various courts and tribunals. Accordingly, the Company has reversed tax expense for earlier years amounting to z 24 crore and reduced the current year's tax provision by z 10 crore, resulting in overall tax reduction of z34 crore in Q4 FY25. Excluding this reduction in income tax provision, profit after tax growth was 45%. > Gross NPA and Net NPA as of 31 March 2025 stood at 0 29% and 0.11 % respectively, as against 0.27% and 0.10% as of 31 March 2024. BHFL has provisioning coverage ratio of 60% on stage 3 assets. Bajaj Housing Finance Limited - FY25", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 36, "section": "> Profit before tax increased by 48% in Q4 FY25 to z 720 crore from z 488 crore in Q4 FY24.", "subsection": "> Gross NPA and Net NPA as of 31 March 2025 stood at 0 29% and 0.11 % respectively, as against 0.27%", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "94795c5cafc33821"}, {"chunk_id": "f56f56ca28765bde", "content": "> Profit after tax increased by 25% in FY25 to z 2, 163 crore from z 1, 731 crore in FY24. > Capital adequacy ratio (including Tier-II capital) as of 31 March 2025 was 28.24%. > BHFL enjoys the highest credit rating of AAA/Stable for its long-term debt programme from CRISIL and India Ratings and A1+ for short-term debt programme from CRISIL and India Ratings.", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 36, "section": "> Profit after tax increased by 25% in FY25 to z 2, 163 crore from z 1, 731 crore in FY24.", "subsection": "> \nBHFL enjoys the highest credit rating of AAA/Stable for its long-term debt programme from CRISIL and India \nRatings and A1+ for short-term debt programme from CRISIL and India Ratings.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "886c4283c7658da4"}, {"chunk_id": "eb25fd7859d2b815", "content": "comprising a fresh issue of 508,571,428 equity shares and 428,571,428 equity shares offered for sale by the parent, namely BFL. The equity shares were issued at a price of z 70 per equity share totaling to z 6,560 crore. BHFL's equity shares got listed on National Stock Exchange of India Limited and on BSE Limited on 16 September 2024. BA:JA:J FINANCE LIMITED https://www.aboutbajajfinserv.com/finance-about-us Corporate Office: 4'\" Floor, Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road , Viman Nagar, Pune - 411 014 , Maharashtra, India Corporate Office Extn.: 3'\" Floor. Panchshil Tech Park, Viman Nagar, Pune - 411 014, Maharashtra. India Tel: +91 20 7157 6403 I Fax: +91 207157 6364", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 36, "section": "comprising a fresh issue of 508,571,428 equity shares and 428,571,428 equity shares offered for sale by the \nparent, namely BFL. The equity shares were issued at a price of z 70 per equity share totaling to z 6,560 \ncrore. BHFL's equity shares got listed on National Stock Exchange of India Limited and on BSE Limited on \n16 September 2024.", "subsection": "BA:JA:J FINANCE LIMITED", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f27e9841108a8ea7"}, {"chunk_id": "503c86ff9743d515", "content": ".FINSE\"lV Page 9 of 10 D - Summary of standalone financial results of Bajaj Housing Finance Limited Particulars 04'25 04'24 OoO FY25 FY24 YoY Assets under management 114,684 91 ,370 26% 114,684 91,370 26% Assets under finance 99,513 79,301 25% 99,513 79,301 25% Interest income 2,374 1,907 24% 8,986 7,202 25% Interest expenses 1,551 1,278 21 % 5,979 4,692 27% Net interest income 823 629 31% 3,007 2,510 20% Fees and commission income 51 42 21% 201 138 46% Net gain on fair value changes 27 35 (23%) 164 133 23% ' Income on de-recognised loans and 47 1 177 106 67% Sale of services Others* 10 10 0% 48 38 26% Net total income 958 717 34% 3,597 2,925 23% Operating expenses 208 194 7% 747 703 6% Pre-provisioning operating profit 750 523 43% 2,850 2,222 28% Loan losses and provisions 30 35 (14%) 80 61 31 % Profit before tax 720 488 48% 2,770 2,161 28% Profit after tax 587 381 54% 2,163 1,731 25% * Others include other operating income and other income Bajaj Financial Securities Limited - 04 FY25 ~ BFinsec acquired approximately 71 ,000 customers in 04 FY25. Overall customer franchise stood at approximately 979,000 as of 31 March 2025.", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 37, "section": ".FINSE\"lV \nPage 9 of 10", "subsection": "BA:JA:J FINANCE LIMITED", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aa17878483008dcf"}, {"chunk_id": "9991bd75def0f15b", "content": "~ Profit before tax increased by 77% in 04 FY25 to z 46 crore from z 26 crore in 04 FY24. );;> Profit after tax increased by 64% in 04 FY25 to z 36 crore from z 22 crore in 04 FY24. Bajaj Financial Securities Limited - FY25 ~ Customers acquired during FY25 were approximately 280,200. Customer franchise as of 31 March 2025 was over 979,000. ....-::::::=:::::::-...._ >- Net interest income increased by 122% in FY25 to ~ 249 crore from ~ 112 crore in FY24. BA:JA:J FINANCE LIMITED https://www.aboutbajajfinserv.com/finance-about-us Corporate Office: 4•h Floor, Bajaj Finserv Corporate Office, Off Pune-Ahmednag ar Road. Viman Nagar, Pune - 4 11 014 , Maharashtra , India Corporate Office Extn.: 3•d Floor, Panchshil Tech Park, Viman Nagar, Pune- 411 014, Maharashtra, India Tel: +91 20 7157 6403 I Fax: +91 20 7157 6364", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 37, "section": "~ Profit before tax increased by 77% in 04 FY25 to z 46 crore from z 26 crore in 04 FY24.", "subsection": "BA:JA:J FINANCE LIMITED", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bfc17d67b761d4ee"}, {"chunk_id": "06b2f556c3065a0e", "content": "J.> Profit after tax increased by 148% to z 139 crore in FY25 from z 56 crore in FY24. ~ BFinsec enjoys the highest credit rating of AAA/Stable for its long-term debt programme from CRISIL and A1+ for short-term debt programme from CRISIL and India Ratings. E - Summary of results of Bajaj Financial Securities Limited Particulars 04'25 04'24 QoQ FY25 Assets under finance (MTF Book) 4,505 3,817 18% 4,505 Interest income 156 119 31% Interest expenses 88 81 9% Net interest income 68 38 79% Fees and commission income 26 43 (40%) Net gain on fair value changes 12 8 50% Net total income 107 91 18% Operating expenses 62 64 (3%) Pre-provisioning operating profit 45 27 67% Loan losses and provisions ( 1) 1 (200%) (FY25 z 0.25 crore) Profit before tax 46 26 77% Profit after tax 36 22 64% * Others include d1v1dend income, other operating income and other income For Bajaj Finance Limited Anup Saha Managing Director BA:JA:J FINANCE LIMITED https://www.aboutbajajfinserv.com/finance-about-us Corporate Office: 4th Floor. Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road , Viman Nagar, Pune - 411 014 , Maharashtra, India Corporate Office Extn.: 3'\" Floor, Panchshil Tech Park, Viman Nagar, Pune - 41 1 014, Maharashtra, India Tel: +91 20 7157 6403 1 Fax: +91 20 71 57 6364 Registered Office: Clo Bajaj Auto Limited complex, Mumbai - Pune Road , Akurdi, Pune - 411 035, Maharashtra , India", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 38, "section": "J.> \nProfit after tax increased by 148% to z 139 crore in FY25 from z 56 crore in FY24.", "subsection": "BA:JA:J FINANCE LIMITED", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2c2af398ad395703"}, {"chunk_id": "4d97ec1f8af41e89", "content": "Chartered Accountants Pune I Mumbai I Nashik I Bengaluru I Hyderabad I New Delhi I Chennai Independent Auditor's Report on Asset Cover as at March 31, 2025 under Regulation 54 read with Regulation 56(1)(d) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) for submission to the BSE Limited and Catalyst Trusteeship Limited (the \"Debenture Trustee\") To The Board of Directors 1. This Report is issued in accordance with the email received from the Bajaj Finance Limited (the \"Company\") dated April 04, 2025. 2. We Kirtane & Pandit LLP, Chartered Accountants, are the Joint Statutory Auditors of the Company and have been requested by the Company to examine the accompanying Statement showing 'Asset Cover' for the listed non-convertible debt securities as at March 31, 2025 (the \"Statement\") which has been prepared by the Company from the audited financial information and other relevant records and documents maintained by the Company as at and for the quarter and year ended March 31, 2025 pursuant to the requirements of the Regulation 56(1)( d} of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, (the \"SEBI Regulations). 3. This Report is required by the Company for the purpose of submission with Catalyst Trusteeship", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 41, "section": "Chartered Accountants", "subsection": "• +91 20 67295100. 25433104 \nkpca@lkirtanepandit.com \ne www.kirtanepandit.com", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "649aa596a6614eb8"}, {"chunk_id": "90cdad602882f829", "content": "Regulations, 2015, as amended, (the \"SEBI Regulations). 3. This Report is required by the Company for the purpose of submission with Catalyst Trusteeship Limited (the\" Debenture Trustee\") of the Company and to BSE Limited to ensure compliance with the SEBI Regulations and SEBI Circular SEBl/HO/MIRSD/MIRSD_CRADT/CIR/P/2022/ 67 dated May 19, 2022 (\"the circular\") in respect of its listed non-convertible debt securities as at March 31, 2025 (\"Debentures\"). The Company has entered into agreement(s) with the Debenture Trustee (\"Debenture Trust Deed\") in respect of such Debentures, as indicated in the Statement. Management Responsibility 4. The preparation of the Statement is the responsibility of the Management of the Company including the preparation and maintenance of all accounting and other relevant supporting records and documents. This responsibility includes the design, implementation, and maintenance of internal control relevant to the preparation and presentation of the Statement and applying an appropriate basis of preparation; and making estimates that are reasonable in the circumstances. 5. The Management of the Company is also responsible for ensuring that the Company complies with all the relevant requirements of the SEBI circular, SEBI Regulations, Companies Act, 2013 and other relevant laws and regulations as applicable. 6.", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 41, "section": "Chartered Accountants", "subsection": "• +91 20 67295100. 25433104 \nkpca@lkirtanepandit.com \ne www.kirtanepandit.com", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "649aa596a6614eb8"}, {"chunk_id": "1f44c59cacc2df42", "content": "all the relevant requirements of the SEBI circular, SEBI Regulations, Companies Act, 2013 and other relevant laws and regulations as applicable. 6. The Management is also responsible to ensure that Assets Cover Ratio as on March 31, 2025 is in compliance with SEBI circular no. SEBl/HO/MIRSD/MIRSD_CRADT/CIR/P/2022/67 dated May 19, 2022 with the minimum asset cover requirement of hundred percent as per the SEBI Regulations as given in Annexure I attached to this certificate. • +91 20 67295100. 25433104 kpca@lkirtanepandit.com e www.kirtanepandit.com 5th Floor. Wing A. Gopal House. S.No. 127/lB/ll. Plot Al, Kothrud. Pune - 411 038. India 7. Our responsibility, for the purpose of this certificate is to verify the particulars contained in the Statement, on the basis of the audited financial information and other relevant records and documents maintained by the Company and to certify asset cover ratio is minimum hundred percent as per the minimum requirement stated in SEBI Regulations. 8. We have (a) jointly audited along with Joint Statutory Auditor, i.e, Price Waterhouse LLP, the Standalone Financial statements for the year ended 31 march 2025, and (b) jointly reviewed the Standalone Financial Results for the quarter ended March 31, 2025, prepared by the Company pursuant to the requirements of Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, and issued an unmodified", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 41, "section": "Chartered Accountants", "subsection": "• +91 20 67295100. 25433104 \nkpca@lkirtanepandit.com \ne www.kirtanepandit.com", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "649aa596a6614eb8"}, {"chunk_id": "c10341731804669f", "content": "pursuant to the requirements of Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, and issued an unmodified conclusion dated April 29, 2025. 9. We conducted our examination of the Statement in accordance with the Guidance Note on Reports or Certificates for Special Purposes issued by the ICAI. The Guidance Note requires that we comply with the ethical requirements of the Code of Ethics issued by the ICAI. 10. We have complied with the relevant applicable requirements of the Standard on Quality Control (SQC) 1, \"Quality Control for Firms that Perform Audits and Reviews of Historical Financial Information, and Other Assurance and Related Services Engagements\". 11. Our scope of work did not involve us performing audit tests for the purposes of expressing an opinion on the fairness or accuracy of any of the financial information or the financial results of the Company taken as a whole. We have not performed an audit, the objective of which would be the expression of an opinion on the financial results, specified elements, accounts or items thereof, for the purpose of this report. Accordingly, we do not express such opinion. 12. A limited assurance engagement includes performing procedures to obtain sufficient appropriate evidence on the applicable criteria, mentioned in paragraph 6 above. The procedures performed", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 41, "section": "Chartered Accountants", "subsection": "• +91 20 67295100. 25433104 \nkpca@lkirtanepandit.com \ne www.kirtanepandit.com", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "649aa596a6614eb8"}, {"chunk_id": "2a5ead80ddff9f73", "content": "12. A limited assurance engagement includes performing procedures to obtain sufficient appropriate evidence on the applicable criteria, mentioned in paragraph 6 above. The procedures performed vary in nature and timing from, and are less in extent than for, a reasonable assurance engagement. Consequently, the level of assurance obtained is substantially lower than the assurance that would have been obtained had a reasonable assurance engagement been performed. Accordingly, we have performed the following procedures in relation to the Statement on the sample basis: (a) Obtained and read the Debenture Trust Deed and the Information Memorandum in respect of the secured Debentures and noted the asset cover percentage required to be maintained by the Company in respect of such Debentures, as Indicated in Annexure I of the Statement. (b) Verified the amount of the Debentures outstanding as on March 31, 2025 to the audited financial information and other relevant records, documents maintained by the Company and audited books of account maintained by the Company for the year ended March 31, 2025. (c) Obtained and read the particulars of asset cover required to be provided in respect of Debentures as indicated in the Debenture Trust Deed and the Information Memorandum. (d) Verified the value of assets indicated in Annexure I of the Statement to the audited financial", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 41, "section": "Chartered Accountants", "subsection": "• +91 20 67295100. 25433104 \nkpca@lkirtanepandit.com \ne www.kirtanepandit.com", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "649aa596a6614eb8"}, {"chunk_id": "ef8ed347291ff1c8", "content": "Debentures as indicated in the Debenture Trust Deed and the Information Memorandum. (d) Verified the value of assets indicated in Annexure I of the Statement to the audited financial information and other relevant records, documents maintained by the Company and audited books of account maintained by the Company as on March 31, 2025. (e) Obtained the list of security created in the register of charges maintained by the Company and 'Form No. CHG-9' filed with Ministry of Corporate Affairs. Traced the value of charge created against assets to the asset cover. (f) Obtained the list and value of assets placed under lien or encumbrance for the purpose of obtaining any other loan and determined that such assets are not included in the calculation of asset cover in respect of the Debentures. (g) Examined and verified the arithmetical accuracy of the computation of asset cover indicated in Annexure I of the Statement. (h) Obtained external confirmation from Catalyst Trusteeship Limited for the ISIN, with no discrepancies identified.", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 41, "section": "Chartered Accountants", "subsection": "• +91 20 67295100. 25433104 \nkpca@lkirtanepandit.com \ne www.kirtanepandit.com", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "649aa596a6614eb8"}, {"chunk_id": "213b24a4c7de39b2", "content": "(i) Further, based on discussions with the joint auditor i.e. Price Waterhouse LLP (PW), it has been confirmed that no discrepancies were identified in the loan portfolio in respect of asset cover. 13. We have no responsibility to update this certificate for events and circumstances occurring after the date of this certificate. 14. Based on the procedures performed by us, as referred to in paragraph 11 above and according to the information and explanations received and Management representations obtained, nothing has come to our attention that causes us to believe that the Company has not maintained hundred percent asset cover or asset cover as per the terms of the Information Memorandum and Debenture Trust deed. We further state that the book value of the assets provided in Annexure I attached to this report is in conformity with books of accounts maintained by the Company. 15. The Report has been issued at the request of the Company, solely in connection with the purpose mentioned in paragraph 2 above and to be submitted with the accompanying Statement to the National Stock Exchange of India Limited, Bombay Stock Exchange Limited and Debenture Trustee and is not to be used or referred to for any other person. Accordingly, we do not accept or assume any liability or any duty of care for any other purpose or to any other person to whom this report is shown or into whose hands it may come.", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 41, "section": "Chartered Accountants", "subsection": "Partner \nM.No. 031787 \nUDIN 2-50311-8\"1-0f'1NUfYq133", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "269e2f4dfb8c30b0"}, {"chunk_id": "bfab48b676ce6f8f", "content": "Accordingly, we do not accept or assume any liability or any duty of care for any other purpose or to any other person to whom this report is shown or into whose hands it may come. We have no responsibility to update this certificate for events and circumstances occurring after the date of this report. For KIRTANE & PANDIT LLP (Chartered Accountants) FRN 105215W/W100057 Partner M.No. 031787 UDIN 2-50311-8\"1-0f'1NUfYq133 Date: April 29, 2025 Place: Pune", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 41, "section": "Chartered Accountants", "subsection": "Partner \nM.No. 031787 \nUDIN 2-50311-8\"1-0f'1NUfYq133", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "269e2f4dfb8c30b0"}, {"chunk_id": "b31dc5547ccb9a26", "content": "~-i..o1-1u11 .. -..---~-·­ ~ ... ~!\"\" q. ....... ..._.DSM.,..bf ,,.....~,.,M>ldl- ~-~&--­ _......, SuJ;S..!o•C<\">Ollle.-tllan C:uhol\"ldc .. h E ...... lent• ou·.erocblsh•Mf'Cporl·po.,u<llarrew.!hoOO..·e <d:>tlhnklctml.<>on Ocb<Sccwitin(CP,Unucur«io.ebt•l\"ldW.O. '••i~HOU~U<ity Co .,..rllltia ••· \"\"\"t>o:<»lde;ed lor p1ri111ssucharr.;salo..l1ted b1Md Of'IUW\\ (O\\'tr roq uilemem\" per riMp<:CTlve lnform~tioo rne mcnodum for \"\"\"\"'!ti .. 1nd • • per :sanctiOfl for Loans. Wheren is.et required Is 86,352.79 Crore •g•lnst NC:OdHi1 of 82.281.99 Crore •Th;,, ptOpeft't Is chor1ed ag1lnn the debentures fHued on or \"'°ior to 16 Ni:>vftmber 20W 1nO the Market v•lue of Rs9.ll Ctof th• immoveotlt \"'°0perty i<on the bnliof urtif~d Yll,,..tiondene m 18thAp<il l02S. '\"lndudlngwlfce.....,r11ed uw1> BSE Ltd. Phiroze Jeejeebhoy Towers. 25th Floor. Dalal Street. Mumbai - 400 001 Subject: Certificate from CFO on use of proceeds from issue of commercial papers Pursuant to SEBI master circular dated 22 May 2024. the Company hereby confirms that the proceeds from issue of commercial papers. raised during the quarter ended 31 March 2025 and which are listed. are used for the purpose as disclosed in the Disclosure Document of respective issues. The Company further confirms that all the conditions of listing as specified in the aforesaid circular have been adhered. Kindly take the above information on record. Yours faithfully. For Bajaj Finance Limited", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 43, "section": "-.-....ion --", "subsection": "BA:JA:J FINANCE LIMITED", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1e5868e505113fea"}, {"chunk_id": "fe17675521f2a17a", "content": "The Company further confirms that all the conditions of listing as specified in the aforesaid circular have been adhered. Kindly take the above information on record. Yours faithfully. For Bajaj Finance Limited ief Operating Officer and Chief Financial Officer Email ID: investor.service@bajajfinserv.in Copy to Catalyst Trusteeship Ltd. (Debenture Trustee. Pune) BA:JA:J FINANCE LIMITED https://www.aboutbajajfinserv.com/finance-about-us", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 43, "section": "-.-....ion --", "subsection": "BA:JA:J FINANCE LIMITED", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1e5868e505113fea"}, {"chunk_id": "c638f59e17a95bcc", "content": "Corporate Office: 4'\" Floor. Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road, Viman Nagar. Pune - 411 014. Maharashtra, India Corporate Office Extn.: 3\" Floor, Panchshil Tech Park, Viman Nagar, Pune - 411 014, Maharashtra, India Tel: +91 20 7157 6403 I Fax: +91 20 7157 6364 Registered Office: C/o Bajaj Auto Limited complex, Mumbai - Pune Road, Akurdi. Pune - 411 035, Maharashtra, India Corporate ID No.: L65910MH1987PLC042961 I Email ID: investor.service@bajajfinserv.in To, The Manager, BSE Ltd. Phiroze Jeejeebhoy Towers. 25th Floor, Dalal Street. Mumbai - 400 001 Reg.: Bajaj Finance Limited - Secured I Unsecured Redeemable Non-Convertible Debentures (NCDs) issued on private placement basis. Sub.: Intimation under Regulation 52(7) and 52(7 A) of SEBI Listing Regulations, 2015, as amended, for quarter ended 31 March 2025. A. Statement of utilisation of issue proceeds: --~-~·< Date of Amount Funds lfBisYes, Remarks, if ISIN Type Any Fund of raising Raised utilized In deviation then specify any Raising instru funds In Crore Crore (Yes/ No) the purpose (Public ment (Face (Face of for which issues/ Value)* Value)* the funds Private were utilized placem 1 2 .. 3 .... 4 5 6 7 8 ..9 ..... 10 Bajaj Finance Limited IN E296A07R01 Private NCO 04-Feb-25 500.00 500.00 NO - Bajaj Finance Limited INE296A07TF2 Private NCO 10-Feb-25 750.00 750.00 NO - Bajaj Finance Limited INE296A07R01 Private NCO 19-Mar-25 545.00 545.00 NO - .. *Amount shown above ts based on face value, however, actual fund rmsed and uttltsed 1s Rs. 2,563.82 crore.", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 44, "section": "mo \nmm", "subsection": "BA:JA:J FINANCE LIMITED", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "dabc827487ac6bab"}, {"chunk_id": "04f0d5f38155cc75", "content": "Private NCO 10-Feb-25 750.00 750.00 NO - Bajaj Finance Limited INE296A07R01 Private NCO 19-Mar-25 545.00 545.00 NO - .. *Amount shown above ts based on face value, however, actual fund rmsed and uttltsed 1s Rs. 2,563.82 crore. Bajaj Finance Limited INE296A07R01 Private NCO 03-Mar-25 781.40 781.40 NO - The Proceeds of funds raised through issue of NCOs have been utilized to augment the long-term resources of the Company, general business purpose of the Company including various financing activities, to repay our existing loans, investments for liquidity and statutory requirements, capital expenditure and working capital requirements. BA:JA:J FINANCE LIMITED https://www.aboutbajajfinserv.com/finance-about-us", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 44, "section": "mo \nmm", "subsection": "BA:JA:J FINANCE LIMITED", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "dabc827487ac6bab"}, {"chunk_id": "3cf3094569d3f4b4", "content": "Corporate Office: 4'\" Floor. Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road, Viman Nagar, Pune - 411 014, Maharashtra, India Corporate Office Extn.: 3'\" Floor, Panchshil Tech Park, Viman Nagar, Pune - 411 014, Maharashtra, India Tel: +91 20 7157 6403 I Fax: +91 20 7157 6364 Registered Office: C/o Bajaj Auto Limited complex, Mumbai - Pune Road, Akurdi, Pune - 411 035, Maharashtra. India Corporate ID No.: L65910MH1987PLC042961 I Email ID: investor.service@bajajfinserv.in c B. Statement of deviation/variation in use of Issue proceeds: Not Applicable Particulars Remarks Name of listed entity Mode of fund raising Pl:ll:llie issl:le/ Private placement Type of instrument Non-convertible Securities/Commercial Paper Date of raising funds - Amount raised - Report filed for quarter ended - Is there a deviation/ variation in use of funds raised? Whether any approval is required to vary the objects of the Yes/ No issue stated in the prospectus/ offer document? If yes, details of the approval so required? - Date of approval - Explanation for the deviation/ variation - •e>'>~•o·-·--~ Comments of the audit committee after review - Comments of the auditors'._i_fany - Objects for which funds have been raised and where there hc:is been a deviation/ variation. in the following table: Original Modified Original Modified Funds Amount of deviation/ variation object object. if allocation allocation, utilised for the quarter according to any if any applicable object (in Rs.", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 47, "section": "Corporate Office: 4'\" Floor. Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road, Viman Nagar, Pune - 411 014, \nMaharashtra, India \nCorporate Office Extn.: 3'\" Floor, Panchshil Tech Park, Viman Nagar, Pune - 411 014, Maharashtra, India \nTel: +91 20 7157 6403 I Fax: +91 20 7157 6364 \nRegistered Office: C/o Bajaj Auto Limited complex, Mumbai - Pune Road, Akurdi, Pune - 411 035, Maharashtra. India \nCorporate ID No.: L65910MH1987PLC042961 I Email ID: investor.service@bajajfinserv.in \nc", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "63711bc962f67e97"}, {"chunk_id": "c6899d82a20aab46", "content": "Original Modified Original Modified Funds Amount of deviation/ variation object object. if allocation allocation, utilised for the quarter according to any if any applicable object (in Rs. and in%) - - - - - - Deviation could mean: a. Deviation in the objects or purposes for which the funds have b_(!en rnised. b. Deviation in the amount of funds actually utilized as against what was oriainally disclosed. Name of signatory: R Vijay Designation: Company Secretary Date: 29 April 2025 Kindly take the above information on record. Cc: Catalyst Trusteeship Limited (Debenture Trustee) https://www.aboutbajajfinserv.com/finance-about-us Corporate Office: 4th Floor. Bajaj Finserv Corporate Office. Off Pune-Ahmednagar Road, Viman Nagar. Pune - 411 014. Maharashtra. India Corporate Office Extn.: 3\" Floor, Panchshil Tech Park. Viman Nagar. Pune - 411 014. Maharashtra. India Tel: +91 20 7157 6403 J Fax: +91 20 7157 6364 Registered Office: C/o Bajaj Auto Limited complex, Mumbai - Pune Road, Akurdi. Pune - 411 035, Maharashtra. India Corporate IO No.: L65910MH1987PLC042961 J Email IO: investor.service@bajajfinserv.in STATEMENT ON QEVIATION OR VARIATION FOR PROCEEQS OF PUBLIC ISSUE. RIGHTS ISSUE. PREFERENTIAL ISSUE. QUALIFIED INSTITUTIONS PLACEMENT ETC. Statement on deviation I variation in utilization of funds raised Name of listed entity BAJAJ FINANCE LIMITED Mode of Fund Raising PREFERENTIAL ISSUE Date of Raising Funds 2 November 2023: Company has received 25% of the", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 47, "section": "Corporate Office: 4'\" Floor. Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road, Viman Nagar, Pune - 411 014, \nMaharashtra, India \nCorporate Office Extn.: 3'\" Floor, Panchshil Tech Park, Viman Nagar, Pune - 411 014, Maharashtra, India \nTel: +91 20 7157 6403 I Fax: +91 20 7157 6364 \nRegistered Office: C/o Bajaj Auto Limited complex, Mumbai - Pune Road, Akurdi, Pune - 411 035, Maharashtra. India \nCorporate ID No.: L65910MH1987PLC042961 I Email ID: investor.service@bajajfinserv.in \nc", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "63711bc962f67e97"}, {"chunk_id": "0b4af76472767368", "content": "Name of listed entity BAJAJ FINANCE LIMITED Mode of Fund Raising PREFERENTIAL ISSUE Date of Raising Funds 2 November 2023: Company has received 25% of the consideration aggregating to Rs. 297.21 crore during Q3FY24. 26 March 2025: Company has received the balance 75% of the exercise price i.e. Rs. 891.64 crore during Q4FY25. Amount Raised 2 November 2023: Company has received 25% of the consideration aggregating to Rs. 297.21 crore during Q3FY24. 26 March 2025: Company has received the balance 75% of the exercise price i.e. Rs. 891.64 crore during Q4FY25. Report filed for Quarter ended 31 MARCH 2025 Monitoring Agency Name, if applicable CARE RATINGS LIMITED Monitoring Agency APPLICABLE Is there a Deviation I Variation in use of NO funds raised If yes, whether the same is pursuant to - change in terms of a contract or objects, which was approved by the shareholders If Yes, Date of shareholder Approval - Explanation for the Deviation I Variation - Comments of the Audit Committee after - review Comments of the auditors. if any - Objects for which funds have been raised and where there has been a deviation, in the following table Original Object Modified Object, if any Original Modified Funds Amount of Remarks Allocation allocation, Utilised Deviation/Variation if any if any for the quarter according to applicable object", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 47, "section": "Corporate Office: 4'\" Floor. Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road, Viman Nagar, Pune - 411 014, \nMaharashtra, India \nCorporate Office Extn.: 3'\" Floor, Panchshil Tech Park, Viman Nagar, Pune - 411 014, Maharashtra, India \nTel: +91 20 7157 6403 I Fax: +91 20 7157 6364 \nRegistered Office: C/o Bajaj Auto Limited complex, Mumbai - Pune Road, Akurdi, Pune - 411 035, Maharashtra. India \nCorporate ID No.: L65910MH1987PLC042961 I Email ID: investor.service@bajajfinserv.in \nc", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "63711bc962f67e97"}, {"chunk_id": "dbb166064b193354", "content": "(a) Deviation in the objects or purposes for which the funds have been raised or (b)Deviation in the amount of funds actually utilized as against what was originally disclosed or (c)Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc. 'V \\J Deviation or variation could mean:", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 47, "section": "(a) Deviation in the objects or purposes for which the funds have been raised or \n(b)Deviation in the amount of funds actually utilized as against what was originally disclosed or \n(c)Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc. \n'V \n\\J", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4c498eaf8e5bec74"}, {"chunk_id": "9ef86534a1261041", "content": "atory :R. ~ijay Name of Si Designation: Comll an) Secretary v No. CARE/HO/RL/2025-26/1223 Audit Committee Bajaj Finance Limited 3rd Floor, Panchshil Tech Park, Plot 43/1, 43/2,44/2, Viman Nagar Pune  411 014, Maharashtra, India Monitoring Agency Report for the quarter ended March 31, 2025 - in relation to the Preferential We write in our capacity as Monitoring Agency for the Preferential Issue of 15,50,000 warrants aggregating to Rs. 1,200 crore which are convertible into equivalent number of equity shares of face value of Rs. 2 each of the Company and refer to our duties cast under 162A of the Securities & Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations, 2018. In this connection, we are enclosing the Monitoring Agency Report for the quarter ended March 31, 2025, as per aforesaid SEBI Regulations and Monitoring Agency Agreement dated November 01, 2023. Request you to kindly take the same on records. Geeta Chainani Associate Director geeta.chainani@careedge.in Report of the Monitoring Agency Name of the issuer: Bajaj Finance Limited For quarter ended: March 31, 2025 Name of the Monitoring Agency: CARE Ratings Limited (a) Deviation from the objects: Nil (b) Range of Deviation: Not Applicable We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the issue based on the information provided by the Issuer and information obtained from sources", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 50, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c38f79b1be9b4766"}, {"chunk_id": "5e0c4c944ce85e18", "content": "objects of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains and may receive separate compensation for its ratings and certain credit related analyses. We confirm that there is no conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer, or while undertaking credit rating or other commercial transactions with the entity.", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 50, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c38f79b1be9b4766"}, {"chunk_id": "6c43706abf9f1a24", "content": "utilization of the issue proceeds by the issuer, or while undertaking credit rating or other commercial transactions with the entity. We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, s Management / Audit Committee of the Board of Directors subsequent to the MA submitting their report to the issuer and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibility for such comments of Signature: Name and designation of the Authorized Signatory: Geeta Chainani Designation of Authorized person/Signing Authority: Associate Director [OCR] 1) Issuer Details: Name of the issuer Bajaj Finance Ltd Name of the promoter Bajaj Finserv Limited Industrylsector to which it belongs Non-Banking Financial Company 2)Issue Details January 01, 2025, to March 31, 2025 Issue Period Type of issue (public/rights) Preferential Issue Type of specified securities Warrants convertible into Equity shares IPO Grading, if Not applicable any Issue size (in crore) Rs. 1,200 crores Q 3) Details of the arrangement made to ensure the monitoring of the issue proceeds: Source of information certifications considered Comments of the Comments of the Reply Particulars by Monitoring Agency for Monitoring Agency Board of Directors preparation of report Board of   Directors The noted that there are no deviations, and the funds Yes; Company has utilized the Yes, the utilization is as per", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 50, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c38f79b1be9b4766"}, {"chunk_id": "6e4cac50fdaf2ba0", "content": "by Monitoring Agency for Monitoring Agency Board of Directors preparation of report Board of   Directors The noted that there are no deviations, and the funds Yes; Company has utilized the Yes, the utilization is as per Whether all utilization is as per the disclosures in Chartered Accountant utilised for were the gross proceeds as per certificate* the offer document Bank Statements the Offer Document? stated the purpose offer document; document offer and notice the sent to shareholders_ There deviations are no Whether shareholder approval has been obtained in expenditure Not applicable since no from the Chartered Accountant case of material deviations# from expenditures NA disclosed the Offer certificate* deviations disclosed in the Offer Document? Document There is no change in the Whether the means of finance for the disclosed Chartered Accountant of finance for No NA means objects of the issue have changed? certificate* disclosed objects Is there any major deviation observed over the Not applicable Not applicable No NA earlier monitoring agency reports? Whether all Government/statutory approvals applicable applicable Not applicable Not Not NA related to the object(s)_have_been obtained? Whether all arrangements pertaining to technical Not applicable Not applicable Not applicable NA", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 50, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c38f79b1be9b4766"}, {"chunk_id": "a1a709f15e814503", "content": "[OCR] Source of information Comments of the certifications considered Comments of the Particulars Reply by Monitoring Agency for Monitoring Agency Board of Directors preparation of report assistancelcollaboration are in operation? There are events no Are there any favorable/unfavorable events Chartered Accountant viability affecting of the No NA affecting the viability of these object(s)? certificate* these objects There relevant no Is there any other relevant  information that may information that may affect Chartered Accountant materially making affect the decision of the No NA of certificate* making the decision investors? investor #Chartered Accountant certificate from KPNB & Associates Chartered Accountants dated April 22, 2025 #Where material deviation may be defined to mean: a) Deviation in the objects or purposes for which the funds have been raised b) Deviation in the amount of funds actually utilized by more than 10% of the amount projected in the offer documents_ 4) Details of objects to be monitored: QC Cost of objects Source of information Comments of_the Board of_Directors Original cost Comments certifications Revised Particulars Proposed Sr_ (as per the Offer of the Item Reason for considered by Cost of -firm Monitoring Document) in Rs__ No Head financing Monitoring Agency for in Rs. Crore cost revision arrangement Agency option Crore preparation of_report made Repayment loans, of The Gross commercial Non- papers, proceeds Convertible and Chartered Accountant Debentures thereof certificate* , Offer 960.00 951,08 payment interest have been NA NA NA", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 54, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ccaee339a6b7d619"}, {"chunk_id": "d5a2f6c961f02c9c", "content": "arrangement Agency option Crore preparation of_report made Repayment loans, of The Gross commercial Non- papers, proceeds Convertible and Chartered Accountant Debentures thereof certificate* , Offer 960.00 951,08 payment interest have been NA NA NA maturing utilized allotment of Document post Warrants and Equity Shares accordance pursuant to conversion with the the Chartered Accountant objects of General corporate purposes certificate* , Offer 240.00 237.77 issue_ NA NA NA (GCP)# Document_ Total 1,200.00 1,188.85$ As per Chartered Accountant certificate from KPNB & Associates Chartered Accountants dated April 22, 2025 The Bajaj Finance Limited (the Company) had offered 15,50,000 (Fifteen Lakh Fifty Thousand only) convertible Warrants into equivalent number of Equity Shares for an aggregate cash [OCR] consideration not exceeding Rs: 1,200 Crore. The Company has received 100% of the consideration aggregating to Rs: 1,188.85 crore, 25% of the proceeds were received during Q3FY24 amount and the balance 75% were received during Q4FY25 amounting to Rs: 891.64 crores: to Rs. 297.21 crores; Utilized towards disbursement of loans in the normal course of business; Progress in the objects the Source of Comments of Amount utilised in Rs. Crore Board of Directors information Amount as Total proposed certifications Revised Comments During unutilised As at considered Sr _ Item in the Amount At the end of the beginning Proposed the amount Reasons by of the Monitoring No Head Offer in Rs_ quarter of the in Rs: for idle course of Monitoring Document Crore quarter in Agency quarter in in Rs__ funds action crore Agency for in Rs:", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 54, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ccaee339a6b7d619"}, {"chunk_id": "2b44380cc003ebbf", "content": "As at considered Sr _ Item in the Amount At the end of the beginning Proposed the amount Reasons by of the Monitoring No Head Offer in Rs_ quarter of the in Rs: for idle course of Monitoring Document Crore quarter in Agency quarter in in Rs__ funds action crore Agency for in Rs: Rs. Crore Rs. Crore Crore preparation Crore of_report_ Repayment of NA NA loans, Chartered papers, commercial Non-Convertible Accountant Debentures and certificate* , Gross payment 960.00 951.08 237.77 713.31 951.08 interest Bank proceeds thereof maturing post statements, have been allotment of Warrants Offer fully utilised Equity and Shares Document in pursuant _to_conversion_ accordance Chartered NA NA with the Accountant objects of certificate* , General corporate the issue 240.00 Bank 237.77 59.44 178.33 237.77 purposes (GCP)# statements, Offer Document 1,188.85# Total 1,200.00 1,188.85# 297.21 As per Chartered Accountant certificate from KPNB & Associates Chartered Accountants dated April 22, 2025 # The Bajaj Finance Limited (the Company) had offered 15,50,000 (Fifteen Lakh Fifty Thousand only) convertible Warrants into equivalent number of Equity Shares for an aggregate cash consideration not exceeding Rs: 1,200 Crore. $ The Company has received 100% of the consideration aggregating to Rs: 1,188.85 crore, 25% of the proceeds were received during Q3FY24 amount to Rs. 297.21 crores, and the balance 75% were received during Q4FY2S amounting to Rs. 891.64 crores [OCR] during January 01, 2025, to March 31, 2025. Deployment of unutilized proceeds: Not Applicable, as net proceeds have been utilized Type of instrument and Return on Market Value as at", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 54, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ccaee339a6b7d619"}, {"chunk_id": "e842bb53578c748a", "content": "891.64 crores [OCR] during January 01, 2025, to March 31, 2025. Deployment of unutilized proceeds: Not Applicable, as net proceeds have been utilized Type of instrument and Return on Market Value as at name of the entity invested Maturity date Earning Sr: No. Amount invested Investment (%) the end of quarter in NA NA NA NA NA NA NA Delay in implementation of the object(s) Delay (no: Completion_Date_ Comments of the Board of Directors days/ Objects As per the offer Proposed course of Reason of delay Actual* document months) action Repayment   of loans,  commercial papers, non- payment convertible debentures and interest June 30, 2025 March 29, 2025 No NIL NIL thereof maturing post allotment of Equity Shares under this Issue General corporate_purposes (GCPA June 30,2025 March 29,2025 No NIL NIL Actual date of utilization of proceeds received. Bajaj Finance Limited (The Company) has received 100% of the consideration aggregating to Rs_ 1,188.85 crore, 25% of the proceeds amounting to Rs. 297.21 crores were received during Q3FY24, and the balance 75% amounting to Rs. 891.64 crores were received during Q4FY25. 5)Details of utilization of proceeds stated as General Corporate Purpose (GCP) amount in the offer document: Source of information Comments of Monitoring Amount certifications considered by Comments of the Board of Sr; No Item Head^ Monitoring Agency for preparation Agency in Rs. Crore Directors of report_ The Board of Directors noted tha beenlthere are no deviations, and the funds gross   proceeds The have", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 54, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ccaee339a6b7d619"}, {"chunk_id": "5ece77e3964baea3", "content": "Comments of the Board of Sr; No Item Head^ Monitoring Agency for preparation Agency in Rs. Crore Directors of report_ The Board of Directors noted tha beenlthere are no deviations, and the funds gross   proceeds The have Chartered Accountant certificate* _ Bank 178.33 utilised thelwere utilised for the purpose stated in Business Disbursements accordance with statements, Offer Document Ithe offer document and notice sent objects of the issue_ Ito the shareholders *Chartered Accountant certificate from KPNB & Associates Chartered Accountants dated April 22, 2025 Disclaimers to MA report: a) This Report is prepared by CARE Ratings Ltd (hereinafter referred to as ). The MA has taken utmost care to ensure accuracy and objectivity while developing this Report based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. The views and opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. b) This Report has to be seen in its entirety; the selective review of portions of the Report may lead to inaccurate assessments. For the purpose of this Report, MA has relied upon the information provided by the management /officials/ consultants of the Issuer and third-party sources like statutory auditors (or from peer reviewed CA firms) appointed by the Issuer believed by it to be accurate and reliable.", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 54, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ccaee339a6b7d619"}, {"chunk_id": "688a0047c1bd6393", "content": "/officials/ consultants of the Issuer and third-party sources like statutory auditors (or from peer reviewed CA firms) appointed by the Issuer believed by it to be accurate and reliable. c) Nothing contained in this Report is capable or intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The MA", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 54, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ccaee339a6b7d619"}, {"chunk_id": "6dddb139b50ae626", "content": "is also not responsible for any errors in transmission and specifically states that it, or its directors, employees do not have any financial liabilities whatsoever to the users of this Report. d) The MA and its affiliates do not act as a fiduciary. The MA and its affiliates also do not act as an expert to the extent defined under Section 2(38) of the Companies Act, 2013. While the MA has obtained information from sources it believes to be reliable, it does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives from auditors (or from peer reviewed CA firms), lawyers, chartered engineers or other experts, and relies on in its reports. e) The MA or its affiliates may have other commercial transactions with the entity to which the report pertains. As an example, the MA may rate the issuer or any debt instruments / facilities issued or proposed to be issued by the issuer that is subject matter of this report. The MA may receive separate compensation for its ratings and certain credit-related analyses, normally from issuers or underwriters of the instruments, facilities, securities (A) Disclosure of transactions with related parties Additional disclosure of related party transactions - applicable only in case the related party transaction (listed entity/ subsidiary) Name of the counterparty Outstanding amounts carried in Balance Sheet", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 56, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f1e9b2244572f2e5"}, {"chunk_id": "6492539fa5f29436", "content": "Additional disclosure of related party transactions - applicable only in case the related party transaction (listed entity/ subsidiary) Name of the counterparty Outstanding amounts carried in Balance Sheet relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such In case any financial indebtedness is incurred to make transaction was undertaken. Type of related party transaction Value of the related party transaction as approved by the or give loans, inter-corporate deposits, advances or Details of the loans, inter-corporate deposits, advances or Name Name of the counterparty Relationship of the counterparty with the Nature of indebtness Purpose for which the funds will be utilised by Nature (loan/ advance/ inter- the ultimate recipient of funds debt/ any other etc.) deposit/ investment) Contribution to equity (closing balance 319,366,130 share of ₹ 2 each, opening balance 317,816,130 shares of ₹ 2 each) 1 Bajaj Finance Ltd. Bajaj Finserv Ltd. Parent - - (63.56) (63.87) Proceeds for conversion of 1,550,000 warrants Not applicable 891.64 - - Preferential warrants application money received Not applicable - (297.21) - Secured non-convertible debentures issued - - (800.00) (800.00) Inter-corporate deposits accepted 900 - (550.00) (550.00) Interest accrued on Inter-corporate deposits At applicable rates on respective deposits 23.29 (48.82) (69.78) Business support charges received 5 0.45 - - 2", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 56, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f1e9b2244572f2e5"}, {"chunk_id": "0459996f9e693406", "content": "Inter-corporate deposits accepted 900 - (550.00) (550.00) Interest accrued on Inter-corporate deposits At applicable rates on respective deposits 23.29 (48.82) (69.78) Business support charges received 5 0.45 - - 2 Bajaj Finance Ltd. Bajaj Housing Finance Ltd. Subsidiary Investment in equity shares 2000.00 - 9,121.43 9,121.43 Business support charges paid 40 9.66 - - Fair value of ESOP received 25 13.62 - - Loan portfolio - Assigned in 5000 2,909.62 - - At Written down value of assets (Maximum up to ₹ 2 Crore in aggregation with assets sales) 0.80 - - Asset sales (opening balance ₹ 31,408) (Maximum up to ₹ 2 Crore in aggregation with assets purchases) At Written down value of assets 0.01 0.00 0.02 Security deposit for leased premises - - 0.08 0.08 Business support charges received 12 3.64 - - Servicing fee received 10 3.60 0.76 - Sourcing commission received 20 5.68 - 0.64 Business support charges paid 5 0.24 - - Rent and maintenance expenses 1 0.13 - - Reimbursement of share issue expenses towards BHFL IPO/OFS 45 23.12 - (1.98) Servicing fee paid 50 14.97 - - Sourcing commission paid 5 0.02 - - (A) Disclosure of transactions with related parties Additional disclosure of related party transactions - applicable only in case the related party transaction (listed entity/ subsidiary) Name of the counterparty Outstanding amounts carried in Balance Sheet relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary.", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 56, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f1e9b2244572f2e5"}, {"chunk_id": "7849a5088e77f856", "content": "(listed entity/ subsidiary) Name of the counterparty Outstanding amounts carried in Balance Sheet relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such In case any financial indebtedness is incurred to make transaction was undertaken. Type of related party transaction Value of the related party transaction as approved by the or give loans, inter-corporate deposits, advances or Details of the loans, inter-corporate deposits, advances or Name Name of the counterparty Relationship of the counterparty with the Nature of indebtness Purpose for which the funds will be utilised by Nature (loan/ advance/ inter- the ultimate recipient of funds debt/ any other etc.) deposit/ investment) 3 Bajaj Finance Ltd. Bajaj Financial Securities Ltd. Subsidiary Investment in equity shares Not applicable - 1,070.38 1,070.38 Fair value of ESOP received Not applicable 1.58 - - Short term loan given Not applicable 11,560.00 - 525.00 Loan 7.75% to up to 24 months Unsecured General Business purpose Short term loan repayment received Not applicable 11,035.00 - - Interest received on short term loan given Not applicable 2.08 0.42 - Dividend received Not applicable 9.68 - - Asset sales Not applicable 0.03 0.16 0.02 Sourcing commission received Not applicable - 0.10 - Business support charges received Not applicable 0.32 - - Business support charges paid Not applicable 0.86 (0.17) - Sourcing commission paid Not applicable 0.08 - (0.02)", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 56, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f1e9b2244572f2e5"}, {"chunk_id": "eabcb06d5fc4bea3", "content": "Not applicable - 0.10 - Business support charges received Not applicable 0.32 - - Business support charges paid Not applicable 0.86 (0.17) - Sourcing commission paid Not applicable 0.08 - (0.02) Brokerage and allied charges paid Not applicable 0.17 - - Depository service charges paid Not applicable 0.84 - - Advance towards depository service charges Not applicable - - 0.10 Bajaj Allianz Life Insurance Company Ltd. Fellow Subsidiary Contribution to equity (247,000 shares of ₹ 2 each) - - (0.05) (0.05)", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 56, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f1e9b2244572f2e5"}, {"chunk_id": "085440597165adda", "content": "Secured non-convertible debentures issued - - (350.00) (350.00) Unsecured non-convertible debentures issued 70 - (2,405.00) (2,405.00) Interest paid on non-convertible debentures At applicable rates on respective NCDs                 209.25 - - (Maximum up to ₹ 10 Crore in aggregation with assets purchases) At Written down value of assets 0.19 - - Security deposit for leased premises 1 - 1.82 1.82 Advance towards insurance - - 3.78 5.60 Commission income 400 218.12 22.25 26.94 Marketing, branding and allied service charges received 180 93.15 12.95 19.19 Business support charges received 5 0.16 0.07 - Business support charges paid 5 0.73 - (0.27) Insurance expenses 100 39.97 - - Rent and maintenance expenses 5 1.42 - - (A) Disclosure of transactions with related parties Additional disclosure of related party transactions - applicable only in case the related party transaction (listed entity/ subsidiary) Name of the counterparty Outstanding amounts carried in Balance Sheet relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such In case any financial indebtedness is incurred to make transaction was undertaken. Type of related party transaction Value of the related party transaction as approved by the or give loans, inter-corporate deposits, advances or Details of the loans, inter-corporate deposits, advances or Name Name of the counterparty", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 58, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f04f6c817f21abda"}, {"chunk_id": "3e51df896968fc55", "content": "Value of the related party transaction as approved by the or give loans, inter-corporate deposits, advances or Details of the loans, inter-corporate deposits, advances or Name Name of the counterparty Relationship of the counterparty with the Nature of indebtness Purpose for which the funds will be utilised by Nature (loan/ advance/ inter- the ultimate recipient of funds debt/ any other etc.) deposit/ investment) Bajaj Allianz General Insurance Company Ltd. Fellow Subsidiary Contribution to equity (48,000 shares of ₹ 2 each) - - (0.01) (0.01) Secured non-convertible debentures issued - - (143.50) (143.50) Unsecured non-convertible debentures issued - - (40.00) (40.00) Interest paid on non-convertible debentures At applicable rates on respective NCDs                      3.31 - - (Maximum up to ₹ 10 Crore in aggregation with assets purchases) At Written down value of assets 0.06 - 0.06 Advance towards insurance - - 3.89 5.45 Commission income 120 45.26 6.01 8.00 Business support charges received 5 0.49 0.25 0.30 6 Bajaj Finance Ltd. Bajaj Finserv Direct Ltd. Fellow Subsidiary Investment in equity shares - - 2.69 2.69 Insurance expenses 120 2.69 - - Investment in equity shares - conversion from Compulsorily Convertible Term Loan to equity share (including securities premium) - 280.47 280.47 280.47 Information technology design and development charges paid 125 38.46 (7.11) (14.66) At Written down value of assets (Maximum up to ₹ 17 Crore in aggregation with assets sales) 7.17 - (6.65) (Maximum up to ₹ 10 Crore in", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 58, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f04f6c817f21abda"}, {"chunk_id": "ef1ac7a108281a9f", "content": "280.47 Information technology design and development charges paid 125 38.46 (7.11) (14.66) At Written down value of assets (Maximum up to ₹ 17 Crore in aggregation with assets sales) 7.17 - (6.65) (Maximum up to ₹ 10 Crore in aggregation with assets purchases) At Written down value of assets (0.17) 0.19 - Business support charges received 15 0.09 - 0.11 Business support charges paid 80 40.32 (7.14) (5.12) Sourcing commission paid 200 100.47 (0.01) (17.00) Information technology support and usage charges paid 60 10.73 (3.33) (1.35) Annual maintenance charges on loan 15 2.91 - (0.01) Guarantee/ service fees paid 20 10.12 - - Cash deposit received towards First Loss Default Guarantee (FLDG) arrangement Invocation of deposit towards FLDG 35 8.33 - - 20 - (29.44) (21.11) Interest accrued on cash deposit received towards FLDG Interest rate at arm's length pricing 0.90 (0.51) (0.36) (A) Disclosure of transactions with related parties Additional disclosure of related party transactions - applicable only in case the related party transaction (listed entity/ subsidiary) Name of the counterparty Outstanding amounts carried in Balance Sheet relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such In case any financial indebtedness is incurred to make transaction was undertaken. Type of related party transaction Value of the related party transaction as approved by the", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 58, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f04f6c817f21abda"}, {"chunk_id": "da5d425c25f32fbc", "content": "In case any financial indebtedness is incurred to make transaction was undertaken. Type of related party transaction Value of the related party transaction as approved by the or give loans, inter-corporate deposits, advances or Details of the loans, inter-corporate deposits, advances or Name Name of the counterparty Relationship of the counterparty with the Nature of indebtness Purpose for which the funds will be utilised by Nature (loan/ advance/ inter- the ultimate recipient of funds debt/ any other etc.) deposit/ investment) 7 Bajaj Finance Ltd. Bajaj Finserv Health Ltd. Fellow Subsidiary Asset purchases At Written down value of assets (Maximum up to ₹ 10 Crore in aggregation with assets sales) 0.07 - - Commission income 260 80.97 16.55 8.17 Business support charges paid 1 0.42 - (0.46) Services received 3 0.87 - (0.02) Settlement of security deposit on leased premises on behalf of lessor 2 1.79 - - 8 Bajaj Finance Ltd. Bajaj Finserv Asset Management Ltd. Fellow Subsidiary Business support charges received 1 0.14 0.05 - At Written down value of assets 9 Bajaj Finance Ltd. Bajaj Finserv Ventures Ltd. Fellow Subsidiary Asset sales (opening balance ₹ 263) (Maximum up to ₹ 10 Crore in aggregation with assets purchases) - (0.00) - At Written down value of assets (Maximum up to ₹ 11 Crore in aggregation with assets sales) 1.95 (5.05) (0.02) Business support charges received 25 2.51 10.01 6.22 Business support charges paid 2 1.10 - (1.18) Snapwork Technologies Pvt. Ltd. 10 Bajaj Finance Ltd. Associate Investment in equity shares - - 28.49", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 58, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f04f6c817f21abda"}, {"chunk_id": "1084663686079eea", "content": "Information technology design and development charges 30 16.53 (0.64) - - - 64.25 64.25 11 Bajaj Finance Ltd. Pennant Technologies Pvt. Ltd. Associate Investment in equity shares - - 113.75 113.75 Investment in Compulsorily Convertible Preference Shares (Deemed equity) - - 153.72 153.72 Inter-corporate deposits accepted 200 - (40.00) (40.00) Interest accrued on Inter-corporate deposits At applicable rates on respective Deposits 1.61 (0.17) (1.62) Information technology design and development charges 30 22.33 - (11.84) Annual maintenance charges paid 10 0.98 - - Finance lease given 10 0.26 - 0.26 Loan 10.70% to 11.10% up to 60 month Secured General Business purpose Interest income on finance lease As per the terms of lease agreement 0.00 - - Advance given towards lease related transactions As per the terms of lease agreement 0.06 - 0.06 Advance Not applicable up to 60 month Unsecured General Business purpose (A) Disclosure of transactions with related parties Additional disclosure of related party transactions - applicable only in case the related party transaction (listed entity/ subsidiary) Name of the counterparty Outstanding amounts carried in Balance Sheet relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such In case any financial indebtedness is incurred to make transaction was undertaken. Type of related party transaction Value of the related party transaction as approved by the", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 60, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8d4edb0d9bda800c"}, {"chunk_id": "34bab3788e815add", "content": "In case any financial indebtedness is incurred to make transaction was undertaken. Type of related party transaction Value of the related party transaction as approved by the or give loans, inter-corporate deposits, advances or Details of the loans, inter-corporate deposits, advances or Name Name of the counterparty Relationship of the counterparty with the Nature of indebtness Purpose for which the funds will be utilised by Nature (loan/ advance/ inter- the ultimate recipient of funds debt/ any other etc.) deposit/ investment) 12 Bajaj Finance Ltd. Sanjiv Bajaj Chairman Short-term employee benefits: Sitting fees As approved by the Board 0.17 - - Commission As approved by the Board 5.06 - (4.55) Contribution to equity (467,688 shares of ₹ 2 each) - - (0.09) (0.09) 13 Bajaj Finance Ltd. Rajeev Jain Managing Director (till 31 Mar 2025) Short-term employee benefits: Remuneration As approved by the Board 15.92 (3.42) (7.08) Share-based payment Not Applicable 17.66 - - Equity shares issued pursuant to stock option scheme Asset purchases 0.60 0.50 - - Contribution to equity (169,950 shares of ₹ 2 each) - - (0.03) (0.03) Amount based on exercise of stock options vested 40.52 - - Cashback given (transaction value ₹ 356) Maximum upto ₹ 0.01 for Bajaj wallet Deputy Managing Director (till 31 Mar 2025) transactions 0.00 - - 14 Bajaj Finance Ltd. Anup Saha Short-term employee benefits: Remuneration As approved by the Board 10.26 (2.21) (9.19) Share-based payment Not Applicable 6.14 - - Fixed deposit accepted (transaction value ₹ 25,000 ) 10 - (0.01) (0.01)", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 60, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8d4edb0d9bda800c"}, {"chunk_id": "791ca5b6119dda54", "content": "Anup Saha Short-term employee benefits: Remuneration As approved by the Board 10.26 (2.21) (9.19) Share-based payment Not Applicable 6.14 - - Fixed deposit accepted (transaction value ₹ 25,000 ) 10 - (0.01) (0.01) Interest accrued on fixed deposit (transaction value ₹ 4,659, opening balance ₹ 10,150 closing balance ₹ 12,817) at applicable rates on respective deposits 0.00 (0.00) (0.00) Cashback given (transaction value ₹ 6) Maximum upto ₹ 0.01 for Bajaj wallet transactions 0.00 - - 15 Bajaj Finance Ltd. Rajiv Bajaj Director Short-term employee benefits: Sitting fees As approved by the Board 0.03 - - Commission As approved by the Board 0.28 - (0.25) Contribution to equity (1,000 shares of ₹ 2 each) (opening balance ₹ 2,000, closing balance ₹ 2,000) - - (0.00) (0.00) 16 Bajaj Finance Ltd. Anami N Roy Director Short-term employee benefits: Sitting fees As approved by the Board 0.17 - (0.01) Commission As approved by the Board 1.20 - (1.08) (A) Disclosure of transactions with related parties Additional disclosure of related party transactions - applicable only in case the related party transaction (listed entity/ subsidiary) Name of the counterparty Outstanding amounts carried in Balance Sheet relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such In case any financial indebtedness is incurred to make transaction was undertaken. Type of related party transaction", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 60, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8d4edb0d9bda800c"}, {"chunk_id": "aca8602ffea78354", "content": "These details need to be disclosed only once, during the reporting period when such In case any financial indebtedness is incurred to make transaction was undertaken. Type of related party transaction Value of the related party transaction as approved by the or give loans, inter-corporate deposits, advances or Details of the loans, inter-corporate deposits, advances or Name Name of the counterparty Relationship of the counterparty with the Nature of indebtness Purpose for which the funds will be utilised by Nature (loan/ advance/ inter- the ultimate recipient of funds debt/ any other etc.) deposit/ investment) 17 Bajaj Finance Ltd. Dr. Naushad Forbes Director Short-term employee benefits: Sitting fees As approved by the Board 0.12 - - Commission As approved by the Board 0.96 - (0.86) 18 Bajaj Finance Ltd. Pramit Jhaveri Director Short-term employee benefits: Sitting fees As approved by the Board 0.17 - - Commission As approved by the Board 1.28 - (1.15) 19 Bajaj Finance Ltd. Radhika Haribhakti Director Short-term employee benefits: Sitting fees As approved by the Board 0.11 - (0.01) Commission As approved by the Board 0.76 - (0.68) 20 Bajaj Finance Ltd. Dr. Arindam Bhattacharya Director Short-term employee benefits: Sitting fees As approved by the Board 0.08 - - Commission As approved by the Board 0.56 - (0.50) Contribution to equity (724 shares of ₹ 2 each) (opening balance ₹ closing balance ₹ 1,448) - - (0.00) (0.00)", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 60, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8d4edb0d9bda800c"}, {"chunk_id": "ed0b4e3227f3a630", "content": "21 Bajaj Finance Ltd. Tarun Bajaj Director (w.e.f. 1 Aug 2024) Short-term employee benefits: Sitting fees As approved by the Board 0.04 - - Commission As approved by the Board 0.20 - (0.18) Ajay Kumar Choudhary Director (w.e.f. 1 Feb 2025) Short-term employee benefits: 22 Bajaj Finance Ltd. Sitting fees As approved by the Board 0.01 - - Commission As approved by the Board 0.04 - (0.04) 23 Bajaj Finance Ltd. Sandeep Jain Chief Financial Officer & Chief Operating Officer Short-term employee benefits: Remuneration As approved by the Board 5.11 (1.35) (2.62) Share-based payment Not applicable 2.19 - - Contribution to equity (opening 94,211, closing 91,211 shares of ₹ 2 each) - - (0.02) (0.02) 24 Bajaj Finance Ltd. Vijay R Company Secretary Short-term employee benefits: Remuneration As approved by the Board 1.50 (0.25) (0.94) Share-based payment Not applicable 0.40 - - Equity shares issued pursuant to stock option scheme Amount based on exercise of stock options vested 0.09 - - Contribution to equity (opening 241 closing 541 shares of ₹ 2 each) (closing balance ₹ 1,082) - - (0.00) (0.00) (A) Disclosure of transactions with related parties Additional disclosure of related party transactions - applicable only in case the related party transaction (listed entity/ subsidiary) Name of the counterparty Outstanding amounts carried in Balance Sheet relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary.", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 62, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "25e690cc159fc657"}, {"chunk_id": "1198cbf8b975605d", "content": "(listed entity/ subsidiary) Name of the counterparty Outstanding amounts carried in Balance Sheet relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such In case any financial indebtedness is incurred to make transaction was undertaken. Type of related party transaction Value of the related party transaction as approved by the or give loans, inter-corporate deposits, advances or Details of the loans, inter-corporate deposits, advances or Name Name of the counterparty Relationship of the counterparty with the Nature of indebtness Purpose for which the funds will be utilised by Nature (loan/ advance/ inter- the ultimate recipient of funds debt/ any other etc.) deposit/ investment) 25 Bajaj Finance Ltd. Archana Jain Spouse of Rajeev Jain, Managing Director of the Company Asset purchases 0.4 0.31 - - 26 Bajaj Finance Ltd. S Sreenivasan Chief Financial Officer of Parent (till 31 Jan 2025) Fixed deposits accepted 10 - (0.50) - Interest accrued on fixed deposits at applicable rates on respective deposits 0.02 (0.05) - 27 Bajaj Finance Ltd. Uma Shende Company Secretary of Parent Loan given 5 - 0.01 - Loan repayment received Not applicable 0.01 - - Interest Income (transaction value ₹ 989 , opening balance ₹ 627) As per the terms of loan sanctioned 0.00 0.00 - Contribution to equity (90 equity shares of ₹ 2 each, opening and closing balance ₹ 180) - - (0.00) (0.00) 28 Bajaj Finance Ltd. Atul Jain", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 62, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "25e690cc159fc657"}, {"chunk_id": "c08c6a7098d75dc4", "content": "₹ 989 , opening balance ₹ 627) As per the terms of loan sanctioned 0.00 0.00 - Contribution to equity (90 equity shares of ₹ 2 each, opening and closing balance ₹ 180) - - (0.00) (0.00) 28 Bajaj Finance Ltd. Atul Jain Managing Director of Bajaj Housing Finance Ltd. Equity shares issued pursuant to stock option scheme Amount based on exercise of stock options vested 5.22 - - Fixed deposits accepted 10 - (2.32) (2.32) Fixed deposits repaid Not Applicable - - - Interest accrued on fixed deposits at applicable rates on respective deposits 0.10 (0.19) (0.29) Contribution to equity (opening 31,100, closing 31,353 equity shares of ₹ 2 each) - - (0.01) (0.01) Chief Financial Officer of Bajaj Housing Finance Ltd. Equity shares issued pursuant to stock option scheme Amount based on exercise of stock 29 Bajaj Finance Ltd. Gaurav Kalani Contribution to equity (opening 5,100 closing 3,600 equity shares of ₹ 2 each) (opening balance ₹ 10,200 and closing balance ₹ 7,200) options vested 0.36 - - - - (0.00) (0.00) 30 Bajaj Finance Ltd. Punyachi Jain Daughter of Atul Jain, Managing Director of Bajaj Housing Finance Ltd. Short-term employee benefits: Remuneration As per the terms of employment 0.20 - - Share-based payment Not applicable 0.03 - - (A) Disclosure of transactions with related parties Additional disclosure of related party transactions - applicable only in case the related party transaction (listed entity/ subsidiary) Name of the counterparty Outstanding amounts carried in Balance Sheet", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 62, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "25e690cc159fc657"}, {"chunk_id": "02e4e8450849f91e", "content": "Additional disclosure of related party transactions - applicable only in case the related party transaction (listed entity/ subsidiary) Name of the counterparty Outstanding amounts carried in Balance Sheet relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such In case any financial indebtedness is incurred to make transaction was undertaken. Type of related party transaction Value of the related party transaction as approved by the or give loans, inter-corporate deposits, advances or Details of the loans, inter-corporate deposits, advances or Name Name of the counterparty Relationship of the counterparty with the Nature of indebtness Purpose for which the funds will be utilised by Nature (loan/ advance/ inter- the ultimate recipient of funds debt/ any other etc.) deposit/ investment) 31 Bajaj Finance Ltd. Bheemasena Subbannagari Brother of S M Narasimha Swamy Director of Bajaj Housing Finance Ltd. (w.e.f. 1 Aug 2024) Loan Given (opening balance ₹ 26,910, closing balance ₹ 8,970) 5 - 0.00 0.00 Loan repayment received (transaction value ₹ 17,940) Not applicable 0.00 - - 32 Bajaj Finance Ltd. Manish Jain Managing Director of Bajaj Financial Securities Ltd. Short-term employee benefits: Remuneration As approved by the Board 6.46 (1.10) (4.24) Share-based payment Not applicable 3.12 - - Equity shares issued pursuant to stock option scheme Fixed deposits accepted 10 - (0.25) (0.25) Amount based on exercise of stock", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 62, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "25e690cc159fc657"}, {"chunk_id": "4aa7ec679810fc6e", "content": "As approved by the Board 6.46 (1.10) (4.24) Share-based payment Not applicable 3.12 - - Equity shares issued pursuant to stock option scheme Fixed deposits accepted 10 - (0.25) (0.25) Amount based on exercise of stock options vested 3.57 - - Interest accrued on fixed deposits at applicable rates on respective deposits 0.01 (0.04) (0.05) 33 Bajaj Finance Ltd. Babu Rao Priya Director of Bajaj Financial Securities Ltd. (till 31 Jul 2024) Short-term employee benefits:", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 62, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "25e690cc159fc657"}, {"chunk_id": "953b312c746187c8", "content": "Remuneration As approved by the Board - (0.44) (0.44) Interest accrued on fixed deposits 5 - - - Director of Bajaj Financial Securities Ltd. (w.e.f. 1 Aug 2024) 34 Bajaj Finance Ltd. Rakesh Bhatt Consultancy charges paid 1 0.48 - (0.52) Contribution to equity (opening 307 and closing 379 equity shares of ₹ 2 each) (opening balance ₹ 614, closing balance ₹ 758) - - (0.00) (0.00) Chief Financial Officer of Bajaj Financial Securities Ltd. (w.e.f. 20 Jul 2024) 35 Bajaj Finance Ltd. Pratik Jasani Share-based payment Not applicable 0.33 - - Contribution to equity (5 equity shares of ₹ 2 each) (opening and closing balance ₹ 10) - - (0.00) (0.00) 36 Bajaj Finance Ltd. Ravikumar Dugar Company Secretary of Bajaj Financial Securities Ltd. Short-term employee benefits: Remuneration As per the terms of employment 0.24 - - Share-based payment Not applicable 0.03 - - (A) Disclosure of transactions with related parties Additional disclosure of related party transactions - applicable only in case the related party transaction (listed entity/ subsidiary) Name of the counterparty Outstanding amounts carried in Balance Sheet relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such In case any financial indebtedness is incurred to make transaction was undertaken. Type of related party transaction Value of the related party transaction as approved by the or give loans, inter-corporate", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 64, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "556aff1c9a96192d"}, {"chunk_id": "e6c4ded645c3a163", "content": "In case any financial indebtedness is incurred to make transaction was undertaken. Type of related party transaction Value of the related party transaction as approved by the or give loans, inter-corporate deposits, advances or Details of the loans, inter-corporate deposits, advances or Name Name of the counterparty Relationship of the counterparty with the Nature of indebtness Purpose for which the funds will be utilised by Nature (loan/ advance/ inter- the ultimate recipient of funds debt/ any other etc.) deposit/ investment) Entity in which Key Management Personnel and their relatives have significant influence Investment in equity shares (opening balance ₹ 7,685, closing balance ₹ 7,685) 37 Bajaj Finance Ltd. Bajaj Auto Ltd. - - 0.00 0.00 Inter-corporate deposits accepted 520 - (280.00) (280.00) Interest accrued on Inter-corporate deposits At applicable rates on respective Deposits 11.38 (3.60) (13.84) Security deposit for leased premises - - 0.21 0.21 Business support charges paid 30 13.44 - - Rent and maintenance expenses 3 0.85 - - Finance lease given 30 6.62 2.14 8.29 Loan 10.25% to 10.50% up to 60 month Secured General Business purpose Finance lease repayment received Not applicable 0.77 - - Interest income on finance lease As per the terms of lease agreement 0.30 - - Advance given towards lease related transactions As per the terms of lease agreement 1.43 0.52 1.77 Advance Not applicable up to 60 month Unsecured General Business purpose Receipt of repayment towards advance given Not applicable 0.17 - - Lease management charges 5 0.04", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 64, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "556aff1c9a96192d"}, {"chunk_id": "18ce5d759d6197d9", "content": "As per the terms of lease agreement 1.43 0.52 1.77 Advance Not applicable up to 60 month Unsecured General Business purpose Receipt of repayment towards advance given Not applicable 0.17 - - Lease management charges 5 0.04 - - Bajaj Auto Technology Ltd. (Formerly known as Chetak Technology Ltd) Entity in which Key Management Personnel and their relatives have significant influence 38 Bajaj Finance Ltd. Inter-corporate deposits accepted 330.00                 243.50 - (223.50) Inter-corporate deposits repaid - 20.00 - - Interest accrued on Inter-corporate deposits At applicable rates on respective Deposits 8.06 - (6.80) Finance lease given 10.00                      0.40 - 0.39 Loan 10.25% to 10.50% up to 60 month Secured General Business purpose Finance lease repayment received Not applicable 0.03 - - Interest income on finance lease As per the terms of lease agreement 0.01 - - Advance given towards lease related transactions As per the terms of lease agreement 0.10 - 0.09 Advance Not applicable up to 60 month Unsecured General Business purpose Receipt of repayment towards advance given - 0.01 - - Lease management charges received (transaction value ₹ 14,157) 3.00                      0.00 - - (A) Disclosure of transactions with related parties Additional disclosure of related party transactions - applicable only in case the related party transaction (listed entity/ subsidiary) Name of the counterparty Outstanding amounts carried in Balance Sheet", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 64, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "556aff1c9a96192d"}, {"chunk_id": "71b10035337636a4", "content": "Additional disclosure of related party transactions - applicable only in case the related party transaction (listed entity/ subsidiary) Name of the counterparty Outstanding amounts carried in Balance Sheet relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such In case any financial indebtedness is incurred to make transaction was undertaken. Type of related party transaction Value of the related party transaction as approved by the or give loans, inter-corporate deposits, advances or Details of the loans, inter-corporate deposits, advances or Name Name of the counterparty Relationship of the counterparty with the Nature of indebtness Purpose for which the funds will be utilised by Nature (loan/ advance/ inter- the ultimate recipient of funds debt/ any other etc.) deposit/ investment) Entity in which Key Management Personnel and their relatives have significant influence At Written down value of assets 39 Bajaj Finance Ltd. Bajaj Auto Credit Ltd. Asset sales (opening balance ₹ 793) (Maximum up to ₹ 10 Crore in aggregation with assets purchases) 1.65 (0.00) (0.11) Finance lease given 10 0.34 - 0.34 Loan 10.25% to 10.50% up to 60 month Secured General Business purpose Finance lease repayment received (transaction value ₹ 19,048) Not applicable 0.00 - - Interest income on finance lease (transaction value ₹ 31,232) As per the terms of lease agreement 0.00 - - Advance given towards lease", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 64, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "556aff1c9a96192d"}, {"chunk_id": "7a69a8f63369b619", "content": "(transaction value ₹ 19,048) Not applicable 0.00 - - Interest income on finance lease (transaction value ₹ 31,232) As per the terms of lease agreement 0.00 - - Advance given towards lease related transactions As per the terms of lease agreement 0.08 - 0.08 Advance Not applicable up to 60 month Unsecured General Business purpose Receipt of repayment towards advance given (transaction value ₹ 3,869 )", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 64, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "556aff1c9a96192d"}, {"chunk_id": "397418ac1aedfc1b", "content": "Lease management charges received (transaction value ₹ 1,363) - 0.00 - - 3 0.00 - - 40 Bajaj Finance Ltd. Bajaj Holdings & Investments Ltd. Entity in which Key Management Personnel and their relatives have significant influence Investment in equity shares (opening balance ₹ 19,646, closing balance ₹ 19,646) - - 0.00 0.00 Security deposit for leased premises 2 - 0.70 0.70 Dividend received (transaction value ₹ 4,875) Value is dependent on the counterparty                      0.00 - - Business support charges paid 50 11.58 - - Rent and maintenance expenses 6 0.96 - - Entity in which Key Management Personnel and their relatives have significant influence 41 Bajaj Finance Ltd. Hind Musafir Agency Ltd. Services received 55 22.48 (0.03) (0.04) 42 Bajaj Finance Ltd. Bajaj Electricals Ltd. Entity in which Key Management Personnel and their relatives have significant influence Inter-corporate deposits accepted 340 20.00 (163.00) (183.00) Interest accrued on Inter-corporate deposits At applicable rates on respective Interest subsidy received 5 0.54 0.07 0.62 deposits 7.26 (3.68) (10.22) (A) Disclosure of transactions with related parties Additional disclosure of related party transactions - applicable only in case the related party transaction (listed entity/ subsidiary) Name of the counterparty Outstanding amounts carried in Balance Sheet relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary.", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 66, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d399950831109b59"}, {"chunk_id": "bee2a9eade4ae8e9", "content": "(listed entity/ subsidiary) Name of the counterparty Outstanding amounts carried in Balance Sheet relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such In case any financial indebtedness is incurred to make transaction was undertaken. Type of related party transaction Value of the related party transaction as approved by the or give loans, inter-corporate deposits, advances or Details of the loans, inter-corporate deposits, advances or Name Name of the counterparty Relationship of the counterparty with the Nature of indebtness Purpose for which the funds will be utilised by Nature (loan/ advance/ inter- the ultimate recipient of funds debt/ any other etc.) deposit/ investment) 43 Bajaj Finance Ltd. Bajel Projects Ltd. Entity in which Key Management Personnel and their relatives have significant influence Loan Given 110 96.00 73.00 21.00 Loan 10% 12 Month Unsecured Working capital/General business purpose Loan Repayment received Not applicable 148.00 - - Interest income on loan given As per the terms of Loan sanctioned 4.84 0.61 0.66 Processing fees received As per the terms of Loan sanctioned 0.06 - - Entity in which Key Management Personnel and their relatives have significant influence 44 Bajaj Finance Ltd. Jamnalal Sons Pvt. Ltd. Contribution to equity (127,640 shares of ₹ 2 each) - - (0.03) (0.03) Entity in which Key Management Personnel and their relatives have significant influence 45 Bajaj Finance Ltd.", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 66, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d399950831109b59"}, {"chunk_id": "9d116d4426682576", "content": "Bajaj Finance Ltd. Jamnalal Sons Pvt. Ltd. Contribution to equity (127,640 shares of ₹ 2 each) - - (0.03) (0.03) Entity in which Key Management Personnel and their relatives have significant influence 45 Bajaj Finance Ltd. Maharashtra Scooters Ltd. Contribution to equity (18,974,660 shares of ₹ 2 each) - - (3.79) (3.79) Secured non-convertible debentures issued - - (150.00) (150.00) Entity in which Key Management Personnel and their relatives have significant influence (w.e.f. 1 Aug 2024) 46 Bajaj Finance Ltd. Phonepe Private Ltd. Inter-corporate deposits accepted 950 150.00 (1,280.90) (423.00) Inter-corporate deposits repaid Not applicable 1,007.90 - - Interest accrued on Inter-corporate deposits At applicable rates on respective deposits 33.93 (38.94) (13.51) Marketing and advertising expenses 20 1.33 - - 47 Bajaj Finance Ltd. Bachhraj Factories Pvt. Ltd. Entity in which Key Management Personnel and their relatives have significant influence Contribution to equity (72,000 shares of ₹ 2 each) - - (0.01) (0.01) 48 Bajaj Finance Ltd. Baroda Industries Pvt. Ltd. Entity in which Key Management Personnel and their relatives have significant influence Contribution to equity (117,600 shares of ₹ 2 each) - - (0.02) (0.02) Entity in which Key Management Personnel and their relatives have significant influence 49 Bajaj Finance Ltd. Bajaj Sevashram Pvt. Ltd. Contribution to equity (308,500 shares of ₹ 2 each) - - (0.06) (0.06) (A) Disclosure of transactions with related parties", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 66, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d399950831109b59"}, {"chunk_id": "cd7f8b267bcc214d", "content": "and their relatives have significant influence 49 Bajaj Finance Ltd. Bajaj Sevashram Pvt. Ltd. Contribution to equity (308,500 shares of ₹ 2 each) - - (0.06) (0.06) (A) Disclosure of transactions with related parties Additional disclosure of related party transactions - applicable only in case the related party transaction (listed entity/ subsidiary) Name of the counterparty Outstanding amounts carried in Balance Sheet relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such In case any financial indebtedness is incurred to make transaction was undertaken. Type of related party transaction Value of the related party transaction as approved by the or give loans, inter-corporate deposits, advances or Details of the loans, inter-corporate deposits, advances or Name Name of the counterparty Relationship of the counterparty with the Nature of indebtness Purpose for which the funds will be utilised by Nature (loan/ advance/ inter- the ultimate recipient of funds debt/ any other etc.) deposit/ investment) 50 Bajaj Finance Ltd. Pratham Education Foundation Entity in which Key Management Personnel and their relatives have significant influence Corporate Social Responsibility expenses 5 1.59 - - 51 Bajaj Finance Ltd. Bajaj Auto Ltd. Provident Fund Post employment benefit plans Unsecured non-convertible debentures issued - - (25.00) (25.00) Interest paid on non-convertible debentures", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 66, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d399950831109b59"}, {"chunk_id": "72364269b12081bf", "content": "expenses 5 1.59 - - 51 Bajaj Finance Ltd. Bajaj Auto Ltd. Provident Fund Post employment benefit plans Unsecured non-convertible debentures issued - - (25.00) (25.00) Interest paid on non-convertible debentures At applicable rates on respective NCDs                      0.89 - - 52 Bajaj Finance Ltd. Bajaj Auto Employees Superannuation Fund Post employment benefit plans Superannuation contribution Actual amount of contribution 0.15 - - 53 Bajaj Finance Ltd. Bajaj Auto Employees Group Gratuity Fund Post employment benefit plans Gratuity contribution Actual amount of contribution 16.00 - - 54 Bajaj Finance Ltd. Bajaj Auto Senior Staff Group Gratuity Fund Post employment benefit plans Gratuity contribution Actual amount of contribution 11.50 - - 55 Bajaj Housing Finance Ltd. Bajaj Finserv Ltd. Ultimate Parent Secured non-convertible debentures issued - - (200.00) (200.00)", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 66, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d399950831109b59"}, {"chunk_id": "2a7c1306f90f9bfa", "content": "Interest paid on non-convertible debentures At applicable rates on respective NCDs                   15.85 - - 56 Bajaj Housing Finance Ltd. Bajaj Financial Securities Ltd. Fellow Subsidiary Company's contribution towards NPS 3 0.92 - - Business support charges paid 4 0.68 - - 57 Bajaj Housing Finance Ltd. Bajaj Finserv Direct Ltd. Subsidiary of Ultimate Parent Business support fees and commission paid 6 1.30 - (0.13) Software development charges paid 2 0.37 - - 58 Bajaj Housing Finance Ltd. Bajaj Finserv Health Ltd. Subsidiary of Ultimate Parent Fees and commission received 120 0.70 1.88 - Bajaj Allianz General Insurance Company Ltd. 59 Bajaj Housing Finance Ltd. Subsidiary of Ultimate Parent Secured non-convertible debentures issued - - (600.00) (600.00) Advance towards insurance - - 0.21 4.37 Insurance expenses 8 0.03 - - Commission income 30 4.49 0.34 1.14 (A) Disclosure of transactions with related parties Additional disclosure of related party transactions - applicable only in case the related party transaction (listed entity/ subsidiary) Name of the counterparty Outstanding amounts carried in Balance Sheet relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such In case any financial indebtedness is incurred to make transaction was undertaken. Type of related party transaction Value of the related party", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 68, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "76837cca59e55464"}, {"chunk_id": "a6d472a0e5cbab77", "content": "In case any financial indebtedness is incurred to make transaction was undertaken. Type of related party transaction Value of the related party transaction as approved by the or give loans, inter-corporate deposits, advances or Details of the loans, inter-corporate deposits, advances or Name Name of the counterparty Relationship of the counterparty with the Nature of indebtness Purpose for which the funds will be utilised by Nature (loan/ advance/ inter- the ultimate recipient of funds debt/ any other etc.) deposit/ investment) 60 Bajaj Housing Finance Ltd. Bajaj Allianz Life Insurance Company Ltd. Subsidiary of Ultimate Parent Unsecured non-convertible debentures issued - 217.00 (1,085.00) (1,302.00) Secured non-convertible debentures issued - - (150.00) (150.00) Interest paid on non-convertible debentures - 84.81 - - Advance towards insurance - - 0.48 0.35 Insurance expense 2 0.83 - - Commission income 55 13.84 0.64 2.27 Marketing, Branding and allied service charges received 10 2.71 - 0.38 61 Bajaj Housing Finance Ltd. Snapwork Technologies Pvt. Ltd. Associate of Parent Information technology design and development charges 3 0.35 - - Information technology support and usage charges paid 2 0.14 - - 62 Bajaj Housing Finance Ltd. Pennant technologies Pvt. Ltd. Associate of Parent Information technology design and development charges 15 5.15 - - Information technology support and usage charges paid 5 1.00 - - 63 Bajaj Housing Finance Ltd. Sanjiv Bajaj Chairman Short-term employee benefits: Sitting fees", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 68, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "76837cca59e55464"}, {"chunk_id": "58b2f34d8426c4b1", "content": "development charges 15 5.15 - - Information technology support and usage charges paid 5 1.00 - - 63 Bajaj Housing Finance Ltd. Sanjiv Bajaj Chairman Short-term employee benefits: Sitting fees As approved by the Board 0.08 - - Commission As approved by the Board 0.38 - (0.34) 64 Bajaj Housing Finance Ltd. Rajeev Jain Vice Chairman Short-term employee benefits: Sitting fees (As non-executive Director) As approved by the Board 0.15 - - Commission As approved by the Board 0.66 - (0.59) 65 Bajaj Housing Finance Ltd. Atul Jain Managing Director Short-term employee benefits: Remuneration As approved by the Board 18.07 (1.93) (9.87) Share-based payment Not applicable 5.33 - - Contribution to equity (7,276 shares of ₹ 10 each) as approved in initial public offer - (0.01) (0.01) 66 Bajaj Housing Finance Ltd. Anami N Roy Director Short-term employee benefits: Sitting fees As approved by the Board 0.12 - - Commission As approved by the Board 0.54 - (0.49) 67 Bajaj Housing Finance Ltd. Dr. Arindam Bhattacharya Director Short-term employee benefits: Sitting fees As approved by the Board 0.13 - - Commission As approved by the Board 0.62 - (0.56) (A) Disclosure of transactions with related parties Additional disclosure of related party transactions - applicable only in case the related party transaction (listed entity/ subsidiary) Name of the counterparty Outstanding amounts carried in Balance Sheet relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary.", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 68, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "76837cca59e55464"}, {"chunk_id": "7366817407205b67", "content": "(listed entity/ subsidiary) Name of the counterparty Outstanding amounts carried in Balance Sheet relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such In case any financial indebtedness is incurred to make transaction was undertaken. Type of related party transaction Value of the related party transaction as approved by the or give loans, inter-corporate deposits, advances or Details of the loans, inter-corporate deposits, advances or Name Name of the counterparty Relationship of the counterparty with the Nature of indebtness Purpose for which the funds will be utilised by Nature (loan/ advance/ inter- the ultimate recipient of funds debt/ any other etc.) deposit/ investment) 68 Bajaj Housing Finance Ltd. Jasmine Arish Chaney Director Short-term employee benefits: Sitting fees As approved by the Board 0.11 - - Commission As approved by the Board 0.52 - (0.47) 69 Bajaj Housing Finance Ltd. Director w.e.f  1 Aug 2024 Short-term employee benefits: Sitting fees As approved by the Board 0.08                    -                   - Commission As approved by the Board 0.22                    -              (0.20) 70 Bajaj Housing Finance Ltd. Gaurav Kalani Chief Financial Officer Short-term employee benefits:", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 68, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "76837cca59e55464"}, {"chunk_id": "9f38df79aeefe7a0", "content": "Remuneration As approved by the Board 2.44 (0.23) (1.16) Share-based payment Not applicable 0.43 - - Contribution to equity (7,276 shares of ₹ 10 each) as approved in initial public offer - (0.01) (0.01) 71 Bajaj Housing Finance Ltd. Atul Patni Company Secretary Short-term employee benefits: Remuneration As approved by the Board 0.27 (0.09) (0.13) Share-based payment Not applicable 0.06 - - Contribution to equity (7,276 shares of ₹ 10 each) as approved in initial public offer - (0.01) (0.01) 72 Bajaj Housing Finance Ltd. Ramandeep Singh Sahni Chief Financial Officer of ultimate Holding company w.e.f. 1 February 2025 Loan given - - - 3.27 Loan repayment received Not applicable 0.52 - - Interest Income At applicable on loan 0.05 - - Contribution to equity (214 shares of ₹ 10 each) (closing balance ₹ 2,140) - - - (0.00) 73 Bajaj Housing Finance Ltd. Sanjiv Sahai Director of ultimate parent company (w.e.f. 1 Mar 2025) Contribution to equity (2,000 shares of ₹ 10 each) (closing balance ₹ 20,000) - - - (0.00) 74 Bajaj Housing Finance Ltd. S Sreenivasan Chief Financial Officer of ultimate parent company (till 31 Jan 2025) Contribution to equity (opening 2,996 equity shares of ₹10 each) (opening balance ₹ 29,960) as approved in initial public offer - (0.00) - 75 Bajaj Housing Finance Ltd. Radhika Haribhakti Director of parent Contribution to equity (214 shares of ₹ 10 each) (transaction value ₹ 14,980, opening balance and outstanding balance ₹ 2,140) as approved in initial public offer - (0.00) (0.00) Chief Financial Officer &", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 70, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9e1a9766d07c0b9b"}, {"chunk_id": "0a815c6903c6fbce", "content": "Director of parent Contribution to equity (214 shares of ₹ 10 each) (transaction value ₹ 14,980, opening balance and outstanding balance ₹ 2,140) as approved in initial public offer - (0.00) (0.00) Chief Financial Officer & Chief Operating Officer of parent 76 Bajaj Housing Finance Ltd. Sandeep Jain Contribution to equity (7,062 shares of ₹ 10 each) as approved in initial public offer - (0.01) (0.01) Company Secretary of Bajaj Financial Securities Ltd. Contribution to equity (7,062 shares of ₹ 10 each) as approved in initial public offer - (0.01) (0.01) (A) Disclosure of transactions with related parties Additional disclosure of related party transactions - applicable only in case the related party transaction (listed entity/ subsidiary) Name of the counterparty Outstanding amounts carried in Balance Sheet relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such In case any financial indebtedness is incurred to make transaction was undertaken. Type of related party transaction Value of the related party transaction as approved by the or give loans, inter-corporate deposits, advances or Details of the loans, inter-corporate deposits, advances or Name Name of the counterparty Relationship of the counterparty with the Nature of indebtness Purpose for which the funds will be utilised by Nature (loan/ advance/ inter- the ultimate recipient of funds debt/ any other etc.) deposit/ investment) Entity in which Key", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 70, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9e1a9766d07c0b9b"}, {"chunk_id": "9ac26f8dc96e732b", "content": "counterparty Relationship of the counterparty with the Nature of indebtness Purpose for which the funds will be utilised by Nature (loan/ advance/ inter- the ultimate recipient of funds debt/ any other etc.) deposit/ investment) Entity in which Key Management Personnel and their relatives have significant influence 78 Bajaj Housing Finance Ltd. Bajaj Auto Ltd. Security deposit for leased premises As per lease agreement - 0.03 0.03 Rent and maintenance expenses 0.10 0.03 - - Business support charges paid 3 1.15 - - Entity in which Key Management Personnel and their relatives have significant influence 79 Bajaj Housing Finance Ltd. Bajaj Holdings & Investments Ltd. Business support charges paid 3 0.86 - - Entity in which Key Management Personnel and their relatives have significant influence 80 Bajaj Housing Finance Ltd. Maharashtra Scooters Ltd. Secured non-convertible debentures issued - - (50.00) (50.00) 81 Bajaj Housing Finance Ltd. Hind Musafir Agency Ltd. Entity in which Key Management Personnel and their relatives have significant influence Services received 8 1.95 - - 82 Bajaj Housing Finance Ltd. Bajaj Allianz Staffing Solutions Ltd. Entity in which Key Management Personnel and their relatives have significant influence Manpower supply services 110 58.79 - - 83 Bajaj Financial Securities Ltd. Bajaj Finserv Ltd. Ultimate Parent Business support charges paid Not applicable 0.10 - - Bajaj Allianz General Insurance Company Ltd. 84 Bajaj Financial Securities Ltd. Subsidiary of Ultimate Parent Insurance expenses Not applicable -", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 70, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9e1a9766d07c0b9b"}, {"chunk_id": "caedbdef36a62a2b", "content": "Ultimate Parent Business support charges paid Not applicable 0.10 - - Bajaj Allianz General Insurance Company Ltd. 84 Bajaj Financial Securities Ltd. Subsidiary of Ultimate Parent Insurance expenses Not applicable - - 1.39 85 Bajaj Financial Securities Ltd. Bajaj Allianz Life Insurance Company Ltd. Subsidiary of Ultimate Parent Insurance expenses Not applicable 0.34 - 0.12 86 Bajaj Financial Securities Ltd. Bajaj Finserv Direct Ltd. Subsidiary of Ultimate Parent IT Support charges Not applicable 0.44                    -              (0.15) Sourcing Commission Paid Not applicable 0.02              (0.03)            (0.01) 87 Bajaj Financial Securities Ltd. Bajaj Finserv Health Limited Subsidiary of Ultimate Parent Staff welfare expense (transaction value ₹ 35,880) Not applicable 0.00 - - (A) Disclosure of transactions with related parties Additional disclosure of related party transactions - applicable only in case the related party transaction (listed entity/ subsidiary) Name of the counterparty Outstanding amounts carried in Balance Sheet relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such In case any financial indebtedness is incurred to make transaction was undertaken. Type of related party transaction Value of the related party transaction as approved by the or give loans, inter-corporate deposits, advances or Details of the loans, inter-corporate deposits, advances or Name", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 70, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9e1a9766d07c0b9b"}, {"chunk_id": "8b6c9e062476c2b7", "content": "Type of related party transaction Value of the related party transaction as approved by the or give loans, inter-corporate deposits, advances or Details of the loans, inter-corporate deposits, advances or Name Name of the counterparty Relationship of the counterparty with the Nature of indebtness Purpose for which the funds will be utilised by Nature (loan/ advance/ inter- the ultimate recipient of funds debt/ any other etc.) deposit/ investment) 88 Bajaj Financial Securities Ltd. Bajaj Allianz Staffing Solutions Ltd. Entity in which Key Management Personnel and their relatives have significant influence", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 70, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9e1a9766d07c0b9b"}, {"chunk_id": "cae1dff5d5eef83e", "content": "Manpower supply services Not applicable 0.05 - - 89 Bajaj Financial Securities Ltd. Pratik Vallabhbhai Jasani Key Managerial Person Short Term Employee Benefits Remuneration Not applicable 0.60 - - (B) Disclosure of transaction with individual related parties on aggregate basis which are not part of A above Details of the party (listed Name of the counterparty Outstanding amounts carried Type of related party transaction Value of the related party transaction as approved by the Name Name of the counterparty Relationship of the counterparty with the listed entity /subsidiary 1 Bajaj Finance Ltd. All Related Party Relatives of key management personnel (KMP) Fixed deposit accepted Maximum upto ₹ 10 crore for each related party 1.48 (17.59) (20.09) Fixed deposit repaid Not applicable 0.50 - - Interest accrued on fixed deposit At applicable rates on respective Contribution to equity (opening 236,454, closing 223,257 equity shares of ₹ 2 each) deposits 0.79 (1.51) (2.01) - - (0.05) (0.04) 2 Bajaj Finance Ltd. All Related Party Promoter group and relatives of promoter group Contribution to equity (193,015 shares of ₹ 2 each) - - (0.04) (0.04) 3 Bajaj Housing Finance Ltd. All Related Party Relatives of key management personnel (KMP) Contribution to equity (opening 26,680, closing 28,650 shares of ₹ 10 each) - - (0.03) (0.03) Transaction values (TV) are excluding taxes and duties. Amount in bracket denotes credit balance.", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 71, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1cafe4a98aabfe10"}, {"chunk_id": "060c3538725cc2ca", "content": "Contribution to equity (opening 26,680, closing 28,650 shares of ₹ 10 each) - - (0.03) (0.03) Transaction values (TV) are excluding taxes and duties. Amount in bracket denotes credit balance. Transactions passed through Company’s books of accounts, where company is acting as an intermediary, are not in the nature of related party transaction and hence not disclosed. Related parties have been identified based on representations made by Key Management Personnel and information available with the Company. During the half year, Bajaj Financial Securities Ltd. (Bfinsec) has charged brokerage and other transaction charges amounting to ₹ 3.41 crore related to sale of securities on behalf of the Company’s loan against securities customers. The Company receives net sale value i.e. after deduction of these charges which are ultimately borne by its customers. The Company does not recognise these customer related charges in its statement of profit and loss. Amount receivable from BFinsec as on 31 Mar 2025 is ₹ 17.82 crore (opening balance ₹ 13.32 crore) towards such sale transaction on behalf of loan against shares customers has been shown as payable to customers. In Sep 24, the Company’s subsidiary, namely BHFL, has successfully concluded its Initial Public Offer (IPO) of ₹ 6,560 crore. This included issuance of new equity shares amounting to ₹ 3,560 crore and an offer for sale by the Company amounting to ₹ 3,000 crore. BHFL", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 71, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1cafe4a98aabfe10"}, {"chunk_id": "1690d451642f2429", "content": "This included issuance of new equity shares amounting to ₹ 3,560 crore and an offer for sale by the Company amounting to ₹ 3,000 crore. BHFL equity shares were listed on stock exchanges on 16 September 2024. Consequently, the Company's shareholding in BHFL reduced from 100% to 88.75%. The related party transactions mentioned above were executed after BHFL’s listing. During the half year, Bajaj Financial Securities Ltd. has received Broking and other charges including interest on margin trade funding with respect to purchase and sale of securities amounting to ₹ 0.20 crore from 47 related parties. Net amount payable towards such transaction amounts to ₹ 0.06 crore as on 31 Mar 2025 from 31 related parties (opening balance ₹ 249.66 crore from 40 related parties). \"0.00\" represents the amount below ₹ 50,000. Non-convertible debentures (NCDs) transactions include only issuance from primary market, and outstanding balance is balances of NCDs held by related parties as on reporting date. All transactions are in the ordinary course of business and on arms' length basis. Details of commitment given to related parties as below - Name of the listed entity/ subsidiary entering into the transaction Name of the counterparty Relationship of the counterparty with the listed entity /subsidiary Value of Commitment as on 31 Mar 1 Bajaj Finance Ltd. Bajaj Housing Finance Ltd. Subsidiary 2,500.00 Nature of Transaction Unsecured Flexi term loan facility", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 71, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1cafe4a98aabfe10"}, {"chunk_id": "d708092d65127645", "content": "listed entity /subsidiary Value of Commitment as on 31 Mar 1 Bajaj Finance Ltd. Bajaj Housing Finance Ltd. Subsidiary 2,500.00 Nature of Transaction Unsecured Flexi term loan facility (having a tenor of upto 84 months from the date of each drawal, and interest rate at arm's length pricing.) 2 Bajaj Finance Ltd. Bajaj Financial Securities Ltd. Subsidiary 475.00 Unsecured Flexi term loan facility (having a tenor of upto 24 months from the date disbursement, and interest rate at arm's length pricing.) 3 Bajaj Finance Ltd. Bajaj Finserv Direct Ltd. Fellow Subsidiary 1.22 4 Bajaj Finance Ltd. Bajaj Allianz General Insurance Company Ltd. Fellow Subsidiary 0.02 Information technology development and customisation charges 5 Bajaj Finance Ltd. Snapwork Technologies Pvt. Ltd. Associate 0.04 Insurance expenses on assets purchases Information technology development and customisation charges 6 Bajaj Finance Ltd. Bajel Projects Ltd. Entity in which Key Management Personnel and their relatives have significant influence 89.00 Unsecured short-term revolving term loan and purchase bill discounting facility (having a tenor of 12 months and floating interest rate at arm’s length pricing) 7 Bajaj Finance Ltd. Pratham Education Foundation Entity in which Key Management Personnel and their relatives have significant influence 1.58 Corporate Social Responsibility expenses 8 Bajaj Finance Ltd. Pratik Jasani Chief Financial Officer of Bajaj Financial Securities Ltd. (w.e.f. 20 Jul 2024) 0.25", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 71, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1cafe4a98aabfe10"}, {"chunk_id": "17103c52d79b3111", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: mo \nme | Page: 1\n\n| THE MANAGER, BSE LIMITED DCS-CRD PHIROZE :JEE:JEEBHOV TOWERS DALAL STREET, MUMBAI - 400 001 | THE MANAGER, LISTING DEPARTMENT NATIONAL STOCK EXCHANGE OF INDIA LTD. EXCHANGE PLAZA, C-1, BLOCK G, BANDRA - KURLA COMPLEX, BANDRA (EAST) MUMBAI - 400 051 |\n|---|---|\n| SCRIP CODE: 500034 | SCRIP CODE: BA:JFINANCE - EQ |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 1, "section": "mo \nme", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "23b04ee1959e6722", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: mo \nme > BA:JA:J FINANCE LIMITED \nhttps://www.aboutbajajfinserv.com/finance-about-us | Page: 2\n\n|  | 3. | Press release regarding financial | performance. |  |  |  |  |\n|---|---|---|---|---|---|---|---|\n|  | 4. | Certificate of Security Cover avai | lable in case o | f non-conve | rtible debt | securiti | es pursuant |\n|  |  | to Regulation 54(3) of the | SEBI Listing | Regulation | s read | with SE | BI circular |\n|  |  | SEBl/HO/MIRSD/MIRSO_CRADT | /CIR/P/2022/ | 67 dated 19 | May 2022. |  |  |\n|  | 5. | Certificate on use of proceeds fr | om issue of Co | mmercial p | apers. |  |  |\n|  | 6. | A statement as per Regulation 5 | 2(7) and (7A) | of the SEBI | Listing Re | gulation | s read with |\n|  |  | SEBI Master circular dated 29 Ju | ly 2022, as up | dated on 21 | May 2024. |  |  |\n|  | 7. | Statement of deviation(s) or v | ariation(s) in r | espect of | Preferentia | l Issue | (Pl) as per |\n|  |  | Regulation 32(1) of the SEBI Listi | ng Regulation | s; |  |  |  |\n|  | 8. | Monitoring Agency Report in re | spect of Pl as | per Regula | tion 32(6) | of the | SEBI Listing |\n|  |  | Regulations read with Regulati | on 162A of th | e SEBI (Iss | ue of Cap | ital and | Disclosure |\n|  |  | Requirements) Regulations. 201 | 8; and |  |  |  |  |\n|  | 9. | Statement of Related Party Tran | sactions purs | uant to the | provisions | of Reg | ulation 23(9) |\n|  |  | of SEBI Listing Regulations. |  |  |  |  |  |\n| C. | Rec | ommended Final Dividend on equ | ity shares for | the financial | year ende | d 31 Ma | rch 2025: |\n| T | he | Board of Directors have recom | mended Final | Dividend on | equity sh | ares at | the rate of |\n|  | Rs. 4 | 4 per share (2200%) of face valu | e of Rs. 2 each | for the fina | ncial year | 31 Marc | h 2025. The |\n| s | aid | dividend, if declared, by the sha | reholders at th | e ensuing A | nnual Gen | eral Me | eting, will be |\n| c | red | ited/dispatched on or about 28 | July 2025. |  |  |  |  |\n|  | Furt | her. pursuant to Regulation 42 | of the SEBI Lis | ting Regula | tions, the | record | date for the |\n|  | purp | ose of determining the member | s eligible to re | ceive the F | inal Divide | nd for t | he financial |\n| y | ear | ended 31 March 2025, has been | fixed as 30 Ma | y 2025. |  |  |  |\n| D. | Con | sidered and recommended Sub-d | ivision of equ | ity shares a | nd issue of | Bonus | Shares: |\n|  |  | Sub-division of 1 (one) equity s | hare of face va | lue of Rs. 2 | each fully | paid-up | into 2 (two) |\n|  |  | equity shares of face value of R | e. 1 each fully | paid-up; an | d |  |  |\n|  |  | Issue of bonus equity shares in | the ratio of 4: | 1 i.e., 4 (Fou | r) bonus e | quity sh | ares of Re. 1 |\n|  |  | (Rupee One) each for every 1 (o | ne) equity sha | re of Re. 1 (R | upee One) | each fu | lly paid up. |\n|  | held | by the shareholders of the Com | pany as on th | e record da | te, subjec | t to the | approval of |\n| s | har | eholders through Postal Ballot. |  |  |  |  |  |\n| E. | Con | sidered and recommended amen | dment to Capi | tal Clause o | f Memoran | dum of | Association: |\n|  | Ame | ndment to the Capital Clause | (Clause V) of | the Memor | andum of | Associ | ation of the |\n|  | Com | pany (MoA) to increase the | authorised sh | are capital | of the | Compan | y from Rs. |\n|  | 1.50 | 0,000,000/-(Rupees One Hundr | ed and Fifty Cr | ore) to Rs. 1 | 0,000,000 | ,000/-( | Rupees One |\n|  | Tho | usand Crore), subject to the appr | oval of shareh | olders throu | gh Postal | Ballot. |  |\n| F. | Fixe | d date of Annual General Meeting | : |  |  |  |  |\n|  | The | 38th Annual General Meeting of | the Company | will be hel | d on Thurs | day, 24 | July 2025. |\n|  | Furt | her details will be provided in du | e course. |  |  |  |  |\n|  |  | BA:JA:J | FINANCE | LIMITED |  |  |  |\n|  |  | https://www.ab | outbajajfinserv.com | /finance-about- | us |  |  |\n| :orporate Office: 4th 1aharashtra. India | F loor 3'd | . Bajaj Finserv Corporate Office, Off Pune-Ahmed Floor. Panchshil Tech Park, Viman Nagar, Pune - | nagar Road. Viman N 411 014, Maharashtra | agar, Pune -411 0 . India | 14, |  |  |\n| :orporate Office Ext el: +91 20 7157 6403 egistered Office: C | n.: I Fax: /o Baj | +91 20 7157 6364 aj Auto Limited complex, Mumbai -Pune Road. A | kurdi. Pune -411 035, | Maharashtra, Indi | a |  |  |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 2, "section": "mo \nme", "subsection": "BA:JA:J FINANCE LIMITED \nhttps://www.aboutbajajfinserv.com/finance-about-us", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "4c1bc201a0a0656c", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: mo \nme | Page: 3\n\n|  | Details in | terms o | f SEBI | Circular SE |\n|---|---|---|---|---|\n|  | attached | as Anne | xure - | A. |\n|  | The Boar | d Meetin | g today | commence |\n|  | We reque | st you to | kindly | take the sa |\n|  | Cc: Catal | yst Trus | tee Ltd. | (Debenture |\n|  | Encl.: As | above |  |  |\n|  |  |  |  | BA::J |\n|  |  |  |  | https://w |\n| :orporate Offi ~aharashtra, In :orporate Offi | ce: 4th Floor, B dia ce Extn.: 3•• F | ajaj Finserv loor. Panchs | Corporate hil Tech Pa | Office, Off Pune-A rk. Vim an Nagar. P |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "mo \nme", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "3f4528ccf148320f", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: mo \nme | Page: 4\n\n| Sr. No. | Particulars | Details |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|\n| a. | Split/consolidation ratio | Sub-division of 1 (one) equity share of face value of Rs. 2 each fully paid-up into 2 (two) equity shares of face value of Re. 1 each fully paid-up. |  |  |  |  |  |  |\n| b. | Rationale behind the split/consolidation | The Corporate actions are proposed to enable retail shareholder to partake in the Company's future. |  |  |  |  |  |  |\n| c. | Pre and post share capital - authorized, paid-up and subscribed |  | Particulars | Pre-sub-division |  | Post-sub-division |  |  |\n|  |  |  |  | No. of shares | Face Value (Rs.) | No. of shares | Face Value (Rs.) |  |\n|  |  |  | Authorised | 75,00,00,000 | 2 | 1.50,00,00,000 | 1 |  |\n|  |  |  | Paid up | 62,14,28,652 | 2 | 1.24,28,57,304 | 1 |  |\n|  |  |  | Subscribed | 62,14,28,652 | 2 | 1.24,28,57,304 | 1 |  |\n| d. | Expected time of completion | The Company will complete corporate action on or before 27 June 2025, subject to necessary approvals. |  |  |  |  |  |  |\n| e. | Class of shares which are consolidated OF sub-divided | Equity shares (There is only one class of equity shares) |  |  |  |  |  |  |\n| f. | Number of shares of each class pre and post-split ef consolidation | Not applicable since there is only one class of equity shares |  |  |  |  |  |  |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "mo \nme", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "e69331007de00d83", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: mo \nme | Page: 5\n\n| Sr. No. | Particulars | Details |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|\n| a. | Type of securities proposed to be issued (viz. equity shares, convertibles etc.); | Equity shares |  |  |  |  |  |  |\n| b. | Type of issuance (further public offering, rights issue, depository receipts (ADR/GDR), qualified institutions placement. preferential allotment etc.); | Bonus Issue |  |  |  |  |  |  |\n| c. | Total number of securities proposed to be issued or the total amount for which the securities will be issued (approximately); | 4,97,14,29.216 equity shares of Re. 1 each fully paid up. \\ |  |  |  |  |  |  |\n| d. | Whether bonus is out of free reserves created out of profits or share premium account; | Share Premium account |  |  |  |  |  |  |\n| e. | Bonus ratio | 4 (Four) bonus equity shares of Re. 1 (Rupee One) each for every 1 (one) equity share of Re. 1 (Rupee one) each fully paid up. |  |  |  |  |  |  |\n| f. Details of share capital - pre and post bonus issue (after giving effect to split adjustment) |  |  | Particulars | Pre-Bonus Issue |  | Post-Bonus Issue |  |  |\n|  |  |  |  | No. of shares | Face Value (Rs.) | No. of shares | Face Value (Rs.) |  |\n|  |  |  | Authorised | 1.50,00,00,000 | 1 | 10,00,00,00,000 | 1 |  |\n|  |  |  | Paid up | 1,24,28,57,304 | 1 | 6,21.42,86,520 | 1 |  |\n|  |  |  | Subscribed | 1.24.28.57,304 | 1 | 6,21.42,86,520 | 1 |  |\n| g. | Free reserves and/ or share premium required for implementing the bonus issue | Rs. 4,97,14,29,216 |  |  |  |  |  |  |\n| h. | Free reserves and/ or share premium available for capitalization and the date as on which such balance is available | Rs. 28,281.59 crore as on 31 March 2025. |  |  |  |  |  |  |\n| i. | Whether the aforesaid figures are audited | Yes |  |  |  |  |  |  |\n| j. | Estimated date by which such bonus shares would be credited/dispatched |  |  |  |  |  |  |  |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "mo \nme", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "1544ff35ead7486f", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: mo \nme | Page: 6\n\n| Pric | e Waterhouse LLP |  |  | Kirt | ane & Pan | dit LLP |  |\n|---|---|---|---|---|---|---|---|\n| Char | tered Accountants |  |  | Char | tered Acco | untan | ts |\n| 252, | Veer Savarkar Marg |  |  | 5th Flo | or, Wing-A, | Gopal | House |\n| Shiva | ji Park Dadar (West) |  |  | S. No. | 127/1B/1 K | othrud |  |\n| Mum | bai 400 028 |  |  | Pune 4 | 11 029 |  |  |\n| IND | EPENDENT AUDITO | R'S REPOR | T |  |  |  |  |\n| To |  |  |  |  |  |  |  |\n| The B | oard of Directors |  |  |  |  |  |  |\n| Bajaj | Finance Limited |  |  |  |  |  |  |\n| Rep | ort on the Audit of th | e Standalo | ne Financial | Results |  |  |  |\n| Opin | ion |  |  |  |  |  |  |\n| 1. | We have jointly audite | d the accom | panying stan | dalone financia | l results o | f Bajaj | Finance Limited |\n|  | (hereinafter referred to | as \"the Comp | any\") for the | year ended Ma | rch 31, 202 | 5, attach | ed herewith, the |\n|  | Standalone Statement o | f Assets and | Liabilities as | on that date an | d the Stand | alone S | tatement of Cash |\n|  | Flows for the year ende | d on that dat | e (the \"Stand | alone Financial | Results\") w | hich ar | e included in the |\n|  | accompanying 'Statem | ent of unaud | ited/audited | Standalone fin | ancial resu | lts for | the Quarter and |\n|  | Financial year ended M | arch 31, 202 | 5' (the \"State | ment\"), being s | ubmitted b | y the Co | mpany pursuant |\n|  | to the requirement of R | egulation 33 | and Regulati | on 52 read with | Regulatio | n 63 of t | he SEBI (Listing |\n|  | Obligations and Disclos | ure Requirem | ents) Regulat | ions, 2015, as a | mended (th | e \"Listi | ng Regulations\"). |\n| 2. | In our opinion and to t | he best of ou | r information | and according | to the expl | anation | s given to us, the |\n|  | Standalone Financial R | esults: |  |  |  |  |  |\n|  | (i) are presented in acc | ordance with | the requirem | ents of Regulat | ion 33 and | Regulat | ion 52 read with |\n|  | Regulation 63 of the | Listing Regu | lations; and |  |  |  |  |\n|  | (ii) give a true and fair v | iew in confor | mity with the | recognition an | d measurem | ent pri | nciples laid down |\n|  | in the applicable a | ccounting st | andards presc | ribed under S | ection 133 | of the | Companies Act, |\n|  | 2013(the \"Act\") read | with relevan | t rules issued | thereunder, the | circulars, | guidelin | es and directions |\n|  | issued by the Reser | ve Bank .of I | ndia (RBI) G | uidelines (\"RBI | Guidelines | \") and | other accounting |\n|  | principles generally | accepted in I | ndia, of the ne | t profit and oth | er compreh | ensive i | ncome and other |\n|  | financial informatio | n for the yea | r ended Marc | h 31, 2025, an | d also the | Standal | one Statement of |\n|  | Assets and Liabilitie | s as at March | 31, 2025 and t | he Standalone | Statement | of Cash F | lows for the year |\n|  | ended on that date. |  |  |  |  |  |  |\n| Basi | s for.Opinion |  |  |  |  |  |  |\n| 3. | We conducted our audi | t in accordan | ce with the St | andards on Au | diting (SAs | ) specifi | ed under Section |\n|  | 143(10) of the Compan | ies Act, 2013 | Cthe \"Act\") a | nd other applic | able autho | ritative | pronouncements |\n|  | issued by the Institute | of Chartered | Accountants | of India (\"ICAI | \"). Our res | ponsibil | ities under those |\n|  | Standards are further | described in | the 'Auditor' | s Responsibiliti | es for the | Audit o | f the Standalone |\n|  | Financial Results' secti | on of our rep | ort. We are in | dependent of t | he Compan | y in acc | ordance with the |\n|  | Code of Ethics issued b | y the ICAI tog | ether with th | e ethical requir | ements that | are rele | vant to our audit |\n|  | of the Standalone Fina | ncial Statem | ents, and we | have fulfilled | our other e | thical r | esponsibilities in |\n|  | accordance with these | requirements | and the Cod | e of Ethics. W | e believe th | at the a | udit evidence we |\n|  | have obtained is suffici | ent and appro | priate to prov | ide a basis for | our opinion | . |  |\n| Boa | rd of Directors' Resp | onsibilities | for the Sta | ndalone Fina | ncial Resu | lts |  |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "mo \nme", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "348bb9b2cc3351b4", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: mo \nme | Page: 7\n\n| Pric | e Waterhouse | LLP |  |  | Kirtane & | Pandit LLP |  |\n|---|---|---|---|---|---|---|---|\n| Cha | rtered Accoun | tants |  |  | Chartered | Accountants |  |\n| 252, | Veer Savarkar M | arg |  |  | 5th Floor, Wi | ng-A, Gopal Hou | se |\n| Shiv | aji Park Dadar ( | West) |  |  | S. No. 127/1B | /1 Kothrud |  |\n| Mum | bai 400 028 |  |  |  | Pune 411 02 | 9 |  |\n|  | other financial i | nformation, the Sta | ndalon | e Statement of | Assets and L | iabilities and th | e Standalone |\n|  | Statement of Ca | sh Flows in accordan | ce wit | h the recognition | and measur | ement principle | s laid down in |\n|  | Indian Accounti | ng Standards prescr | ibed u | nder Section 13 | 3 of the Act r | ead with relevan | t rules issued |\n|  | thereunder, the | RBI Guidelines and | other | accounting pri | nciples gener | ally accepted in | India and in |\n|  | compliance with | Regulation 33 and | Regula | tion 52 read wit | h Regulation | 63 of the Listing | Regulations. |\n|  | This responsibil | ity also includes ma | intenan | ce of adequate | accounting r | ecords in accord | ance with the |\n|  | provisions of th | e Act for safeguardin | g of th | e assets of the | Company and | for preventing | and detecting |\n|  | frauds and othe | r irregularities; sele | ction a | nd application o | f appropriat | e accounting pol | icies; making |\n|  | judgments and | estimates that ar | e reas | onable and pru | dent; and | design, implem | entation and |\n|  | maintenance of | adequate internal fi | nancia | l controls that | were operatin | g effectively for | ensuring the |\n|  | accuracy and co | mpleteness of the ac | counti | ng records, rele | vant to the pr | eparation and p | resentation of |\n|  | the Standalone | Financial Results | that g | ive a true an | d fair view | and are free f | rom material |\n|  | misstatement, w | hether due to fraud | or erro | r. |  |  |  |\n| 5. | In preparing the | Standalone Financi | al Resu | lts, the Board o | f Directors ar | e responsible for | assessing the |\n|  | Company's abili | ty to continue as a | going c | oncern, disclosi | ng, as applic | able, matters re | lated to going |\n|  | concern and usi | ng the going concer | n basis | of accounting u | nless the Bo | ard of Directors | either intends |\n|  | to liquidate the | Company or to cease | opera | tions, or has no | realistic alter | native but to do | so. |\n| 6. | The Board of Di | rectors are also resp | onsible | for overseeing | the Company | 's financial repo | rting process. |\n| Aud | itor's Respons | ibilities for the A | udit o | f the Standalo | ne Financi | al Results |  |\n| 7. | Our objectives a | re to obtain reasona | ble ass | urance about w | hether the St | andalone Financ | ial Results as |\n|  | a whole are free | from material miss | tateme | nt, whether due | to fraud or e | rror, and to issu | e an auditor's |\n|  | report that incl | udes our opinion. | Reason | able assurance | is a high lev | el of assurance, | but is not a |\n|  | guarantee that a | n audit conducted i | n accor | dance with SAs | will always d | etect a material | misstatement |\n|  | when it exists. M | isstatements can ar | ise fro | m fraud or error | and are cons | idered material i | f, individually |\n|  | or in the aggreg | ate, they could reas | onably | be expected to | inffoence th | e economic deci | sions of users |\n|  | taken on the ba | sis of these Standalo | ne Fina | ncial Results. |  |  |  |\n| 8. | As part of an | audit in accordanc | e with | SAs, we exerc | ise professio | nal judgment | and maintain |\n|  | professional ske | pticism throughout | the au | dit. We also: |  |  |  |\n|  | • Identify and | assess the risks of m | aterial | misstatement o | f the Standalo | ne Financial Re | sults, whether |\n|  | due to fraud | or error, design and | perfo | rm audit proced | ures respons | ive to those risk | s, and obtain |\n|  | audit eviden | ce that is sufficient a | nd app | ropriate to prov | ide a basis f | or our opinion. T | he risk of not |\n|  | detecting a m | aterial misstatemen | t resul | ting from fraud | is higher tha | n for one resulti | ng from error, |\n|  | as fraud may | involve collusion, f | orgery, | intentional omi | ssions, misre | presentations, o | r the override |\n|  | of internal c | ontrol. |  |  |  |  |  |\n|  | • Obtain an u | nderstanding of in | ternal | control relevan | t to the au | dit in order to | design audit |\n|  | procedures t | hat are appropriate | in the | circumstances. | Under Sectio | n 143(3)(i) of th | e Act, we are |\n|  | also respons | ible for expressing | our o | pinion on whe | ther the Co | mpany has adeq | uate internal |\n|  | financial con | trols with reference | to St | andalone financ | ial statemen | ts in place and | the operating |\n|  | effectiveness | of such controls. |  |  |  |  |  |\n|  | • Evaluate the | appropriateness of | accou | nting policies u | sed and the | reasonableness | of accounting |\n|  | estimates an | d related disclosures | made | by the Board of | Directors. |  |  |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "mo \nme", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "714eed5a78ad2d73", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: mo \nme > foCPj~~ | Page: 8\n\n| 252, | Vee | r Savarkar Ma | rg |  |  | 5th Floo | r, Wing-A, | Gopal Hous | e |\n|---|---|---|---|---|---|---|---|---|---|\n| Shiva | ji P | ar]): Dadar (We | st) |  |  | S. No. 1 | 27/1B/1 Ko | thrud |  |\n| Mum | bai | 400 028 |  |  |  | Pune 4 | 11 029 |  |  |\n|  |  | to events or co | nditions that m | ay cast s | ignificant | doubt on the | Company's | ability to c | ontinue as a |\n|  |  | going concern. | Ifwe conclude t | hat a ma | terial unc | ertainty exists | , we are req | uired to dr | aw attention |\n|  |  | in our auditor' | s report to the r | elated di | sclosures | in the financia | l results or | , if such dis | closures are |\n|  |  | inadequate, to | modify our opin | ion. Our | conclusio | ns are based o | n the audit | evidence ob | tained up to |\n|  |  | the date of our | auditor's repor | t. Howev | er, future | events or con | ditions ma | y cause the | Company to |\n|  |  | cease to contin | ue as a going co | ncern. |  |  |  |  |  |\n| • |  | Evaluate the o | verall presenta | tion, str | ucture an | d content of | the Standa | lone Finan | cial Results, |\n|  |  | including the d | isclosures, and | whether | the financ | ial results rep | resent the | underlying | transactions |\n|  |  | and events in a | manner that ac | hieves fa | ir present | ation. |  |  |  |\n| 9. | We | communicate | with those char | ged with | governan | ce regarding, | among oth | er matters, | the planned |\n|  | sco | pe and timing | of the audit and | signific | ant audit | findings, inclu | ding any si | gnificant de | ficiencies in |\n|  | int | ernal control th | at we identify d | uring ou | r audit. |  |  |  |  |\n| 10. | We | also provide th | ose charged wit | h govern | ance with | a statement t | hat we have | complied | with relevant |\n|  | eth | ical requireme | nts regarding in | depende | nce, and | to communica | te with the | m all relati | onships and |\n|  | oth | er matters tha | t may reasonab | ly be tho | ught to b | ear on our ind | ependence | , and wher | e applicable, |\n|  | rel | ated safeguards | . |  |  |  |  |  |  |\n| the | r M | atters |  |  |  |  |  |  |  |\n| 11. | Th | e standalone fi | nancial results | of the C | ompany fo | r the year en | ded March | 31, 2024, | were audited |\n|  | joi | ntly by previou | s joint statutory | auditors | who, vid | e their report | dated April | 25, 2024, | expressed an |\n|  | un | modified opini | on on those fina | ncial res | ults. |  | · |  |  |\n| 12. | Th | e Standalone F | inancial Results | include | the result | s for the quart | er ended M | arch 31, 20 | 25 being the |\n|  | bal | ancing figures | between the au | dited fig | ures in re | spect of the fu | ll financial | year and th | e published |\n|  | un | audited year to | date figures up | to the th | ird quarte | r of the curren | t financial | year which | were subject |\n|  | to | limited review | by us. |  |  |  |  |  |  |\n| Our | opi | nion on the Sta | ndalone Financi | al Result | s is not m | odified in resp | ect of abov | e matters. |  |\n| · For | Pri | ce Waterhouse | LLP |  |  | For Kirtane & | Pandit LLP |  |  |\n| Cha | rte | red Accountan | ts |  |  | Chartered Ac | countants |  |  |\n| ·Fir | m R | egistration Nu | mber: 301112E/ | E300264 |  | Firm Registra | tion Numb | er: 105215W | /W100057 |\n| f | o | CPj~~ |  |  |  |  |  |  |  |\n| Sha | rad | Vasant |  |  |  | eshpa | nde |  |  |\n| Par | tne | r |  |  |  | Partner |  |  |  |\n| Me | mbe | rE?hip Number | _: 101119 |  |  | Membership | Number: 03 | 1787 |  |\n| UD | IN: | 25101119BMIF | BI7815 |  |  | UDIN: 250317 | 87BlVH:·JU | GA9770 |  |\n| Pun | e |  |  |  |  | Pune |  |  |  |\n| Apr | il 2 | 9, 2025 |  |  |  | April 29, 2025 |  |  |  |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "mo \nme", "subsection": "foCPj~~", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "5aa7c9e3c1a8cece", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: mo \nme > foCPj~~ | Page: 9\n\n| Bajaj Finance Limited Statement of unaudited/audited Standalone financial results for the Quarter and Financial year ended 31 March 2025 Standalone Statement of Profit and Loss ('{in crore) |  |  |  |\n|---|---|---|---|\n|  | Particulars | Quarter ended | Year ended |\n|  |  | 31.03.2025 31.12.2024 31.03.2024 (Unaudited) (Unaudited) (Unaudited) | 31.03.2025 31.03.2024 (Audited) (Audited) |\n|  | Income (a) Revenue from operations Interest income Fees and commission income Net gain on fair value changes Sale of services Income on derecognised (assigned) loans Other operating income Total revenue from operations (b) Other income Total income Expenses (a) Finance costs (b) Fees and commission expense (c) Impairment on financial instruments (d} Employee benefits expense (e) Depreciation and amortisation expenses (f) Other expenses Total expenses Profit before exceptional items and tax (1-2) Exceptional Items (refer note no. 7) Profit before tax (3+4) Tax expense (a) Current tax -Current year -Earlier years (b) Deferred tax ( credit)/charge Total tax expense Profit after tax (5-6) Other comprehensive income (a) Items that will not be reclassified to Qrofit or loss -Remeasurement gains/(losses) on defined benefit plans -Tax impact on above -Changes in fair value of fair value through OCI (FVOCI) equity instruments -Tax impact on above (b) Items that will be reclassified to Qrofit or loss -Changes in fair value of FVOCI debt securities -Tax impact on above -Cash flow hedge reserve -Tax impact on above -Cost of hedging reserve -Tax impact on above Total other comprehensive income, net of tax Total comprehensive income for the period (7+8) Paid-up equity share capital (Face value of'{ 2) Other equity Earnings per share (not annualised) Basic('{) Diluted('{) | 13,824.05 13,277.33 11,200.82 1,445.74 1,431.48 1,240.54 82.83 123.75 35.33 (12 17) 1.71 9.90 145.94 157.14 - 310.57 379.61 273.90 | 51,548.57 40,782.76 5,640.87 5,007.41 344.00 138.85 18.11 24 05 459 02 - 1,369.17 985.73 |\n|  |  | 15,796.96 15,371.02 12,760.49 11.44 22.89 3.94 | 59,379.74 46,938.80 40.10 7.18 |\n|  |  | 15,808.40 15,393.91 12,764.43 | 59,419.84 46,945.98 |\n|  |  | 4,914.16 4,777.29 3,860.80 729 02 684.64 522.34 2,300.22 2,007.98 1,277.51 1,783.53 1,808.79 1,503.49 235.99 204.56 178.69 940.61 932.59 855.14 | 18,437.35 13,843.44 2,599.79 1,959.08 7,882.86 4,572.19 6,907.28 5,849.47 821.98 629.13 3,638.60 3,039.59 |\n|  |  | 10,903.53 10,415.85 8, 197.97 | 40,287.86 29,892.90 |\n|  |  | 4,904.87 4,978.06 4,566.46 - - - 4,904.87 4,978.06 4,566.46 1,107.70 1,310.80 1,141.00 (224.27) (22.44) - 81.00 (16.11) 23.55 | 19,131.98 17,053.08 2,544.11 - 21,676.09 17,053.08 5,353.50 4,436.00 (249.47) - (89.44) (27.03) |\n|  |  | 964.43 1,272.25 1,164.55 | 5,014.59 4,408.97 |\n|  |  | 3,940.44 3,705.81 3,401.91 5.87 (0.99) (59.64) (1.48) 0.25 15.01 (154.62) 74.46 67.81 22.11 (10.65) (1741) 50.90 (62.18) 27.40 (12.81) 15.65 (6.89) (146.18) 95.96 (11.86) 36.79 (24.15) 2.99 5.99 - - (1.44) - - | 16,661.50 12,644.11 (22.35) (59.64) 5.63 15.01 (95.49) 151.62 25.22 (29.82) 122.73 38.74 (30.90) (9.75) (117.14) (20.79) 2948 5.24 5.99 - (144) - |\n|  |  | (194.87) 88.35 17.41 | (78.27) 90.61 |\n|  |  | 3,745.57 3,794.16 3,419.32 | 16,583.23 12,734.72 |\n|  |  | 124.17 123.76 123.60 63.65 59.89 55.07 63.50 59.75 54.88 | 124.17 123.60 87,871.54 71,886.93 269.33 207.27 268.58 20647 |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 9, "section": "mo \nme", "subsection": "foCPj~~", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "636cdb72ec9b22aa", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: mo \nme > 124.17 \n123.60 \n87,871.54 \n71 ,886.93 \n87,995.71 \n72,010.53 \nSub-total - Equityl-___ \n::..:..i..=;:o:.:....:_+-----=--=\"-\"-=-=~ | Page: 10\n\n| Bajaj Finance Limited Statement of unaudited/audited Standalone financial results for the Quarter and Financial year ended 31 March 2025 |  |  |  |\n|---|---|---|---|\n| Notes: 1 Disclosure of standalone statement of assets and liabilities (Balance Sheet) as per Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: (z in crore) |  |  |  |\n|  | Particulars | As at 31.03.2025 (Audited) | As at 31.03.2024 (Audited) |\n| A 1 2 B 1 2 3 | Assets Financial assets (a) Cash and cash equivalents (b) Bank balances other than cash and cash equivalents (c) Derivative financial instruments (d) Trade receivables (e) Loans (f) Investments (g) Other financial assets Sub-total -Financial assets Non-financial assets (a) Current tax assets (net) (b) Deferred tax assets (net) (c) Property, plant and equipment (d) Capital work-in-progress (e) Intangible assets under development (f) Intangible assets (g) Other non-financial assets Sub-total -Non-financial assets1- | 3,374.41 3,865.15 9,080.98 5,567.11 201.97 15.69 1,416.39 1,244.89 304,359.16 243,334.43 41,716.23 37,153.36 2,426.92 1,012.08 1--___ ;3;_6::2.=,\"5\"7'-6':...0:.6.:: ...:..+----==-=2;.i9..2;_,; 1c9=2.;..;7'-1-'- -l 404.57 254.68 1,044.14 926.71 2,531.51 2,212.46 26.74 25.35 12.46 17.24 1,043.14 847.47 230.94 137.83 -----==-:..:..5:,:2.9.3.:..5.0+ -----'~;;..;;.4;,.4.2'1--.7'-4- l 367 869.56 296 614.45 |  |\n|  | Total -Assets |  |  |\n|  | Liabilities and equity Liabilities Financial liabilities (a) Derivative financial instruments (b) Trade payables Total outstanding dues of micro enterprises and small enterprises Total outstanding dues of creditors other than micro enterprises and small enterprises (c) Other payables Total outstanding dues of micro enterprises and small enterprises Total outstanding dues of creditors other than micro enterprises and small enterprises (d) Debt securities (e) Borrowings (other than debt securities) (f) Deposits (g) Subordinated liabilities (h) Other financial liabilities Sub-total -Financial liabilities Non-financial liabilities (a) Current tax liabilities (net) (b) Provisions (c) Other non-financial liabilities Sub-total -Non-financial liabilities Equity (a) Equity share capital (b) Other equity Sub-total -Equit | 25.53 0.85 1.27 0.42 1,119.84 1,000.97 0.42 - 806.19 670.56 111,010.88 87,596.09 89,737.66 69,238.00 71,365.52 59,966.66 3, 103.54 3,577.90 1,690.64 1,621.61 1---_::'-\"-'2.=7.8.,=8..6.1:..4:9.. :.;:..+-----2'2=3:.,6c:7:3.:.0~=6- , 54.97 82.71 464.27 385.23 493.12 462.92 1,012.36 930.86 1------'-'-\"'-\":..:..::...:..+------\"-':_:_;_ 124.17 123.60 87,871.54 71,886.93 yl-___8: :7..,9:.9.5i...7=1; :o:.:....:_+---7--2=,-0-=1\"0-\".-5=3-= 367 869.56 296 614.45 |  |\n|  | Total -Liabilities and equity |  |  |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "mo \nme", "subsection": "124.17 \n123.60 \n87,871.54 \n71 ,886.93 \n87,995.71 \n72,010.53 \nSub-total - Equityl-___ \n::..:..i..=;:o:.:....:_+-----=--=\"-\"-=-=~", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "7cd74bd3e7ab6f3c", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: mo \nme > 124.17 \n123.60 \n87,871.54 \n71 ,886.93 \n87,995.71 \n72,010.53 \nSub-total - Equityl-___ \n::..:..i..=;:o:.:....:_+-----=--=\"-\"-=-=~ | Page: 11\n\n| Bajaj Finance Limited Statement of unaudited/audited Standalone financial results for the Quarter and Financial year ended 31 March 2025 Notes: 2 Disclosure of standalone statement of cash flows as per Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: (~in crore) Year ended 31.03.2025 31.03.2024 Particulars (Audited) (Audited) |  |  |  |\n|---|---|---|---|\n|  | Particulars |  |  |\n|  |  | 31.03.2025 (Audited) |  |\n| A. B. | Operating activities Profit before tax Adjustments for: Interest income Depreciation and amortisation expenses Impairment on financial instruments Net loss on disposal of property, plant and equipment and intangible assets Finance costs Share based payment expenses Net gain on fair value changes Service fees for management of assigned portfolio of loans Income on derecognised (assigned) loans Exceptional items (refer note no. 7) Dividend income (Previous year ii' 30,225) Cash inflow from interest on loans Cash inflow from interest on investments* Cash inflow from servicing and interest spread on assigned loans Cash outflow towards finance cost Cash generated from operation before working capital changes Working capital changes: (Increase) I decrease in bank balances other than cash and cash equivalents (Increase) I decrease in trade receivables (Increase) I decrease in loans (Increase) I decrease in investments classified as FVTPL* (Increase) I decrease in other financial assets (Increase) I decrease in other non-financial assets Increase I (decrease) in trade payables Increase I (decrease) in other payables Increase I (decrease) in other financial liabilities Increase I (decrease) in provisions Increase I (decrease) in other non-financial liabilities Income tax paid (net of refunds) Net cash used in operating activities (A) Investing activities Purchase of property, plant and equipment and capital work-in-progress Purchase of intangible assets and intangible assets under development Sale of property, plant and equipment and intangible assets Purchase of investments measured at amortised cost Proceeds from liquidation of investments measured at amortised cost Purchase of investments measured under fair value through other comprehensive income (FVOCI) Proceeds from liquidation of investments classified as FVOCI Purchase of equity investments designated under FVOCI Dividend received (Previous year~ 30,225) Proceeds from offer for sale of investment in subsidiary net of issue expenses Investment in associates Investment in subsidiaries Net cash used in investing activities (B) | 21,676.09 (51,548.57) 821.98 7,882.86 32.86 18,437.35 353.99 (344.00) (18.11) (459.02) (2,544.11) (10.96) | 17,053.08 (40,782.76) 629.13 4,572.19 11.76 13,843.44 237.66 (138.85) (24.05) - - |\n|  |  | (5,719.64) 49,069.13 2,071.14 33.85 (16,615.82) | (4,598.40) 38,732.88 808.13 49.58 (12,424.79) |\n|  |  | 28,838.66 (3,288.21) (180.96) (69,587.98) (1,701.86) 8.37 (111.24) 119.7 2 13605 (33.24) 56.69 30.20 | 22,567.40 (3,210.56) (193.89) (68,574.24) 1,150.03 6.08 (33.39) 48.21 111.46 106.17 71.13 126.95 |\n|  |  | (74,552.46) (5,281.66) | (70,392.05) (4,554.88) |\n|  |  | (50,995.46) | (52,379.53) |\n|  |  | (551.21) (478.61) 30.79 - 162.35 (30,735.22) 29,745.96 (35.00) 10.96 2,950.68 - (2,200.00) | (568.25) (414.13) 35.51 (289.76) 61.95 (23,310.68) 15,231.80 - - (267.47) (200 00) |\n|  |  | (1,099.30) |  |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "mo \nme", "subsection": "124.17 \n123.60 \n87,871.54 \n71 ,886.93 \n87,995.71 \n72,010.53 \nSub-total - Equityl-___ \n::..:..i..=;:o:.:....:_+-----=--=\"-\"-=-=~", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "f788b78b9da6a698", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: mo \nme > 124.17 \n123.60 \n87,871.54 \n71 ,886.93 \n87,995.71 \n72,010.53 \nSub-total - Equityl-___ \n::..:..i..=;:o:.:....:_+-----=--=\"-\"-=-=~ | Page: 12\n\n| Bajaj Finance Limited Statement of unaudited/audited Standalone financial results for the Quarter and Financial year ended 31 March 2025 |  |  |  |\n|---|---|---|---|\n| Notes: 2 Disclosure of standalone statement of cash flows as per Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015: (~in crore) |  |  |  |\n|  | P<irticulars | Year ended |  |\n|  |  | 31.03.2025 (Audited) | 31.03.2024 (Audited) |\n| c. |  | 1.251.44 - 23.01 - (2,225.24) (194.82) 10,668.56 8,946.95 58,287.07 (25,152.95) | 9,067.17 297.21 30.57 (34.54) (1,814.58) (155.44) 14,751.88 16,355.94 48,834.19 (22,558.04) |\n|  |  | 51,604.02 | 64,774.36 |\n|  |  | (490.74) 3,865.15 | 2,673.80 1,191.35 |\n|  |  |  | 3,865.15 |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "mo \nme", "subsection": "124.17 \n123.60 \n87,871.54 \n71 ,886.93 \n87,995.71 \n72,010.53 \nSub-total - Equityl-___ \n::..:..i..=;:o:.:....:_+-----=--=\"-\"-=-=~", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "9fbaff52bc93f3e6", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: mo \nme > 124.17 \n123.60 \n87,871.54 \n71 ,886.93 \n87,995.71 \n72,010.53 \nSub-total - Equityl-___ \n::..:..i..=;:o:.:....:_+-----=--=\"-\"-=-=~ | Page: 12\n\n| Particulars | As at 31 March 2025 | As at 31 March 2024 |\n|---|---|---|\n| Cash and cash equivalents comprises of Cash on hand Balance with banks In current accounts In fixed deposits (with original maturity of 3 months or less) Total | 56.81 2,367.02 950.58 | 58.84 3,806.31 - |\n|  | 3,374.41 | 3,865.15 |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "mo \nme", "subsection": "124.17 \n123.60 \n87,871.54 \n71 ,886.93 \n87,995.71 \n72,010.53 \nSub-total - Equityl-___ \n::..:..i..=;:o:.:....:_+-----=--=\"-\"-=-=~", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "897041dc0dbd84b3", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: mo \nme > 9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations. | Page: 13\n\n| Bajaj Finance Limited Statement of unaudited/audited Standalone financial results for the Quarter and Financial year ended 31 March 2025 |\n|---|\n| Notes: 3 The above results have been reviewed by the Audit Committee and approved by the Board of Directors at its meetings held on 29 April 2025. The financial results for year ended 31 March 2025 have been subjected to audit by joint statutory auditors, pursuant to regulation 33 and 52 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The financial results of the Company have been prepared in accordance with Indian Accounting Standards prescribed under section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time and other recognised accounting practices generally accepted in India along with the circulars, guidelines and directions issued by the Reserve Bank of India (RBI) from ti.me to time. These financial results are available on the website of the Company viz. www.bajajfinserv.in/corporate-bajaj-finance and on the website of BSE Limited (www.bseindia.com) and National Stock Exchange of India Limited (www.nseindia.com). 4 The figures for the last quarter of the current and previous financial year are the balancing figures between audited figures in respect of the full financial year and the published year to date figures up to the end of third quarter of the current and previous financial year which were subjected to limited review by statutory auditors. 5 On 3 April 2024, the Company has invested an amount of { 2,000 crore in Bajaj Housing Finance Ltd. (BHFL), a subsidiary of the Company, by subscribing to 1, 107,419, 709 equity shares of face value of { 10 each for cash at { 18.06 (including a premium of { 8.06) per share, offered on right basis. 6 On 27 June 2024, the Company has invested an amount of { 200 crore in Bajaj Financial Securities Ltd., a whol.ly owned subsidiary of the Company, by z subscribing to 164,880,458 equity shares offace value on 10 each for cash at { 12.13 (including a premium of 2.13) per share, offered on right basis. z z 7 On 13 September 2024, the Company has sold 428,571,428 equity shares of BHFL at 70 each, aggregating to 3,000 crore, as part of BHFL's Initial Public Offer. This has resulted in a gain of { 2,544.11 crore (net ·of issue expenses). z 8 On 29 January 2025, the Board of Directors of the Company had approved issue of 882, 182 equity shares of face value of 2 each at applicable grant prices to BFL Employee Welfare Trust under Employee Stock Option Scheme, 2009. Consequently, on 5 February 2025, the Allotment committee alloted the equity shares. 9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid z the remaining 75% of the consideration, amounting to 891.64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company z allotted 1,550,000 equity shares with a face value of 2 each, in accordance with SEBI ICDR Regulations. 10 During the quarter ended 31 March 2025, the Company re-assessed its income tax position for certain items based on favourable orders of various courts z and tribunals. Accordingly, the Company has reversed tax expense for earlier years amounting to 224 crore and reduced the current year's tax provision z by 89 crore, resulting in overall tax reduction of {313 crore. z 11 The Board of Directors in its meeting held on 29 April 2025 approved distribution of a special interim dividend of 12 per equity share from the exceptional gain resulting from the sale of investment in BHFL on account of IPO listing in September 2024. 12 The Board of Directors has recommended in its meeting held on 29 April 2025, subject to shareholders' approval, distribution of final dividend of { 44 per z z equity share of the face value of 2 (2200%) out of the profits of the financial year 2024-25 (Previous year { 36 per share of the face value of 2 each i.e.1800%). 13 The Board of Directors in its meeting held on 29 April 2025 has approved, subject to shareholder approval, the sub-division of the face value of shares from z z 2 to ~ 1 fully paid equity shares, and the issue of 4 fully paid bonus equity shares of face value ~ 1 for every 1 fully paid equity share of face value 1. 14 All the secured non-convertible debentures (NCO) of the Company including those issued during the year ended 31 March 2025 are fully secured by hypothecation of book debts/ loan receivables to the extent as stated in the respective information memorandum. Additionally, the Company had mortgaged one of its offices in Chennai on pari passu charge against specific secured NCDs issued till November 2020. The Company has, at all times, for the secured NCDs, maintained sufficient asset cover as stated in the respective information memorandum towards the principal amount, interest accrued thereon, and such other sums as mentioned therein. 15 The Company is engaged primarily in the business of financing in India and accordingly there are no separate operating segments as per Ind AS 108 dealing with Operating Segments. |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "mo \nme", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "2139ec1bfba8c94f", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: mo \nme > 9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations. | Page: 14\n\n| Bajaj Finance Limited Statement of unaudited/audited Standalone financial results for the Quarter and Financial year ended 31 March 2025 |\n|---|\n| 16 Disclosures pursuant to RBI Notification -RBl/2020-21/16 DOR.No BP.BC/3/21 04 048/2020-21, 'Resolution Framework for COVID-19-related Stress' dated 6 August 2020 and RBl/2021-22/31 /DOR. STR. REC.11/21 04.048/2021-22, 'Resolution Framework - 2.0 Resolution of Covid-19 related stress of Individuals and Small Businesses' dated 5 May 2021 (~in crore) Type of Exposure to accounts Of (A). aggregate debt Of (A) amount Of (A) amount paid Exposure to accounts borrower classified as Standard that slipped into NPA written off during by the borrowers classified as Standard consequent to during the half year the half year ended during the half year consequent to implementation of ended 31 March 2025 31 March 2025 # ended 31 March 2025** implementation of resolution plan - resolution plan - Position as at 30 Position as at September 2024 (A) 31 March 2025 Personal Loans* 101.00 7.67 0.78 12.70 80.63 Corporate persons of which, MSMEs Others Total 101.00 7.67 0.78 12.70 80.63 *Includes restructuring implemented pursuant to OTR 2.0 for personal loans, individual business loans and small business loans #represents debt that slipped into stage 3 and was subsequently written off during the half year ended 31 March 2025. ** represents receipts net of interest accruals and disbursements, if any 17 Disclosures pursuant to RBI Notification -RBl/DOR/2021-22/86 DOR.STR.REC.51/21.04.048/2021-22, 'Master Direction - Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021' dated 24 September 2021 Al Details of loans not in default Particulars For the year ended 31 March 2025 Amount of loans acquired throuqh assiqnment ~ 1, 199.41 crore ~ 1,567.62 crore ~ 3,361.67 crore Retention of beneficial economic interest 10% 10% 1% Acquired Weiqhted averaqe residual maturity 84 months 33 months 152 months Weighted averaae holding period 14 months 7 months 18 months Coveraqe of tanqible security 100% 0% 100% Rating-wise distribution of rated loans Unrated Unrated Unrated Particulars For the year ended 31 March 2025 Amount of loans transferred throuqh assianment ~ 2,817.22 crore '?' 1,265.28 crore Retention of beneficial economic interest 10% 10% Transferred. Weiahted averaqe residual maturity 35 months 102 months Weiahted averaqe holding period 14 months 18 months Coverage of tangible security 0% 100% Ratinq-wise distribution of rated loans Unrated Unrated Bl Details of stressed loans Acquired Nil Particulars To oermiited transferees NPA SMA Number of accounts 861 25 Aggregate principal outstanding of loans ~ 6.45 crore ~ 0.24 crore transferred Weighted average residual tenor of the loans 30 months 32 months Transferred transferred Net book value of loans transferred (at the time of ~ 2 05 crore ~ 0.23 crore transfer) Aggregate consideration '?' 0.13 crore ~ 0.01 crore Excess provision reversed to the profit and loss account In addition to above, the Company has transferred written off loans having principal outstanding amounting to~ 7,142.78 crore for a sale consiaeration oH 162.90 crore. |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "mo \nme", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "0b0ae38f6633daff", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: mo \nme > 9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations. | Page: 14\n\n| Type of borrower | Exposure to accounts classified as Standard consequent to implementation of resolution plan - Position as at 30 September 2024 (A) | Of (A). aggregate debt that slipped into NPA during the half year ended 31 March 2025 | Of (A) amount written off during the half year ended 31 March 2025 # | Of (A) amount paid by the borrowers during the half year ended 31 March 2025** | Exposure to accounts classified as Standard consequent to implementation of resolution plan - Position as at 31 March 2025 |\n|---|---|---|---|---|---|\n| Personal Loans* | 101.00 | 7.67 | 0.78 | 12.70 | 80.63 |\n| Corporate persons |  |  |  |  |  |\n| of which, MSMEs |  |  |  |  |  |\n| Others |  |  |  |  |  |\n| Total | 101.00 | 7.67 | 0.78 | 12.70 | 80.63 |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "mo \nme", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "7d3be54f0b038d0f", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: mo \nme > 9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations. | Page: 14\n\n| Acquired | Particulars | For the year ended 31 March 2025 |  |  |\n|---|---|---|---|---|\n|  | Amount of loans acquired throuqh assiqnment | ~ 1, 199.41 crore | ~ 1,567.62 crore | ~ 3,361.67 crore |\n|  | Retention of beneficial economic interest | 10% | 10% | 1% |\n|  | Weiqhted averaqe residual maturity | 84 months | 33 months | 152 months |\n|  | Weighted averaae holding period | 14 months | 7 months | 18 months |\n|  | Coveraqe of tanqible security | 100% | 0% | 100% |\n|  | Rating-wise distribution of rated loans | Unrated | Unrated | Unrated |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "mo \nme", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "35c44b7df9e7bb70", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: mo \nme > 9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations. | Page: 14\n\n| Transferred. | Particulars | For the year ended 31 March 2025 |  |\n|---|---|---|---|\n|  | Amount of loans transferred throuqh assianment | ~ 2,817.22 crore | '?' 1,265.28 crore |\n|  | Retention of beneficial economic interest | 10% | 10% |\n|  | Weiahted averaqe residual maturity | 35 months | 102 months |\n|  | Weiahted averaqe holding period | 14 months | 18 months |\n|  | Coverage of tangible security | 0% | 100% |\n|  | Ratinq-wise distribution of rated loans | Unrated | Unrated |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "mo \nme", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "0189d80ebbe0a0a7", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: mo \nme > 9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations. | Page: 14\n\n| Transferred | Particulars | To oermiited transferees |  |\n|---|---|---|---|\n|  |  | NPA | SMA |\n|  | Number of accounts | 861 | 25 |\n|  | Aggregate principal outstanding of loans transferred | ~ 6.45 crore | ~ 0.24 crore |\n|  | Weighted average residual tenor of the loans transferred | 30 months | 32 months |\n|  | Net book value of loans transferred (at the time of transfer) | ~ 2 05 crore | ~ 0.23 crore |\n|  | Aggregate consideration | '?' 0.13 crore | ~ 0.01 crore |\n|  | Excess provision reversed to the profit and loss account |  |  |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "mo \nme", "subsection": "9 On 26 March 2025, Bajaj Finserv Ltd , the promoter and holding company, exercised the option attached to warrants issued on 2 November 2023 and paid \nthe remaining 75% of the consideration, amounting to z 891 .64 crore. Pursuant to the same, the Preferential Issue Allotment Committee of the Company \nallotted 1,550,000 equity shares with a face value of z 2 each, in accordance with SEBI ICDR Regulations.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "e9087f4faa7ffe35", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: Fm Bajaj f;n~Wd | Page: 15\n\n|  | Bajaj | Finance | Limited |  |\n|---|---|---|---|---|\n| of unaudited/audited St | andalone financi | al results f | or the Quarter and Financial year ended 31 Marc | h 2025 |\n| periods have been regroupe | d, wherever necess | ary, to make | them comparable with the current period. |  |\n| designated an exclusive ema | il ID viz. investor.se | rvice@bajajfi | nserv.in for investor grievance redressal. By order of the | Board of Directors |\n|  |  |  | Fm Bajaj | f;n~Wd |\n|  |  |  |  | Anup Saha |\n|  |  |  |  | Managing Director |\n| gistered Office : Akurdi, | CIN: L65 Pune -411 035 I | 910MH198 Corporate | 7PLC042961 Office : 4th Floor, Bajaj Finserv Corporate Office, |  |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "Fm Bajaj f;n~Wd", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "a0f84c2e2bf26c1c", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: Fm Bajaj f;n~Wd | Page: 16\n\n| Bajaj Finance Limited |\n|---|\n| Disclosure in compliance with Regulation 52 (4) of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 for Standalone financial results Particulars For the Quarter ende~I For the year ended For the Quarter ende~I For the year ended 31 March 2025 31 March 2025 31 March 2024 31 March 2024 1 Debt-Equity ratio [Debt securities+ Borrowings (other than debt 3.13 3 06 securities)+Deposits+Subordinated liabilities] I Total Equity 2. Outstanding redeemable preference shares (quantity and value) Nil Nil 3. Debenture Redemption Reserve Not Aoolicable Not Aoolicable 4. Capital Redemption Reserve Nil Nil 5. Net Worth(~ in crore) [Total Equity] 87,995.71 72,010.53 6. Net Profit after tax (f in crore) 3,940.44 I 16,661.50 3,401.91 I 12.644.11 7. Earnings per share [not annualised] Basic(~) 63.65 I 269.33 55.o7 I 207.27 Diluted(<) 63.50 I 266.58 54.68 I 206.47 8. Total debts to total assets ratio [Debt securities+ Borrowings (other than debt 0.75 0.74 securities)+Deposits+Subordinated !iabilities] I Total Assets 9. Net profit margin [Profit after tax I Total Income] 24.93%1 28.04% 26.65%1 26.93% 10. Sector specific equivalent ratio, as applicable (A} Gross NPA (stage 3 asset, gross) ratio 1.18% 1.05% (8) Net NPA (stage 3 asset, net) ratio 0.56% 0.46% (C) Capital to risk·weighted assets ratio (Calculated as per RBI guidelines) 21.93% 22.52% (0) Liquidity Coverage Ratio (Calculated as per RBI guidelines) 288.14%1 283.33% 260.01%1 293.95% Note: Debt service coverage ratio, interest service coverage ratio, current ratio, long term debt to working capital, bad debts to accounts receivable ratio, current liability (atio, debtors turnover, inventory turnover and operating margin ratio are not relevant as the Company is engaged in financing activities |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "Fm Bajaj f;n~Wd", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "83de804a6cd891d8", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: Fm Bajaj f;n~Wd | Page: 16\n\n| Particulars | For the Quarter ende~I For the year ended 31 March 2025 31 March 2025 |\n|---|---|\n| 1 Debt-Equity ratio [Debt securities+ Borrowings (other than debt securities)+Deposits+Subordinated liabilities] I Total Equity | 3.13 |\n| 2. Outstanding redeemable preference shares (quantity and value) | Nil |\n| 3. Debenture Redemption Reserve | Not Aoolicable |\n| 4. Capital Redemption Reserve | Nil |\n| 5. Net Worth(~ in crore) [Total Equity] | 87,995.71 |\n| 6. Net Profit after tax (f in crore) | 3,940.44 I 16,661.50 |\n| 7. Earnings per share [not annualised] |  |\n| Basic(~) | 63.65 I 269.33 |\n| Diluted(<) | I 63.50 266.58 |\n| 8. Total debts to total assets ratio [Debt securities+ Borrowings (other than debt securities)+Deposits+Subordinated !iabilities] I Total Assets | 0.75 |\n| 9. Net profit margin [Profit after tax I Total Income] | 24.93%1 28.04% |\n| 10. Sector specific equivalent ratio, as applicable |  |\n| (A} Gross NPA (stage 3 asset, gross) ratio | 1.18% |\n| (8) Net NPA (stage 3 asset, net) ratio | 0.56% |\n| (C) Capital to risk·weighted assets ratio (Calculated as per RBI guidelines) | 21.93% |\n| (0) Liquidity Coverage Ratio (Calculated as per RBI guidelines) | 288.14%1 283.33% |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "Fm Bajaj f;n~Wd", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "3e47ee6ab40e8967", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: Fm Bajaj f;n~Wd | Page: 17\n\n| Shiv | aji P | ark Dadar (Wes | t) |  | S. No. | 127/1B/1 Kothru | d |\n|---|---|---|---|---|---|---|---|\n| Mu | mbai | 400 028 |  |  | Pune | 411 029 |  |\n| IND | EP | ENDENT AUD | ITORS' REPORT |  |  |  |  |\n| To |  |  |  |  |  |  |  |\n| The | Boa | rd of Directors |  |  |  |  |  |\n| Baja | j Fi | nance Limited |  |  |  |  |  |\n| Rep | ort | on the Audit o | f the Consolida | ted Financi | al Results |  |  |\n| Opi | nio | n |  |  |  |  |  |\n| l. | We | have jointly aud | ited the accompan | ying Consol | idated Financ | ial Results of Baj | aj Finance Limited |\n|  | (her | einafter referred | to as the \"Holdi | ng Company\" | or the \"Com | pany\" and its sub | sidiaries (Holding |\n|  | Com | pany and its sub | sidiaries together | referred to as | \"the Group\") | and its associates | for the year ended |\n|  | Mar | ch 31, 2025, atta | ched herewith, the | Consolidate | d Statement of | Assets and Liabil | ities as on that date |\n|  | and | the Consolidate | d Statement of C | ash Flows fo | r the year en | ded on that date | (the \"Consolidated |\n|  | Fina | ncial Results\") | which are inclu | ded in the | accompanyin | g Statement of | unaudited/audited |\n|  | Con | solidated financ | ial results for th | e Quarter a | nd Financial | year ended Mar | ch 31, 2025 (\"the |\n|  | Stat | ement\"), being s | ubmitted by the H | olding Comp | any pursuant | to the requireme | nt of Regulation 33 |\n|  | of t | he SEBI (Listing | Obligations and | Disclosure R | equirements) | Regulations, 2015 | , as amended (the |\n|  | \"Lis | ting Regulations | \"). |  |  |  |  |\n| 2. | In | our opinion and | to the best of our | information | and according | to the explanatio | ns given to us, and |\n|  | ba | sed on the consid | eration of the repo | rts of the othe | r auditors on | separate audited fi | nancial statements |\n|  | of | subsidiaries and | associates, the Co | nsolidated Fi | nancial Result | s: |  |\n|  | a. | include the fin | ancial results of th | e following e | ntities: |  |  |\n|  |  | Holding Co | mpany |  |  |  |  |\n|  |  | Bajaj Finance | Limited |  |  |  |  |\n|  |  | Subsidiaries Bajaj | Housing Finance L | imited |  |  |  |\n|  |  | 1. ii. Bajaj | Financial Securitie | s Limited |  |  |  |\n|  |  | Associates 1. Snapw | ork Technologies P | rivate Limite | d |  |  |\n|  |  | Penna 11. | nt Technologies Pr | ivate Limited | ; |  |  |\n|  | b. | are presented in | accordance with t | he requireme | nts of Regulat | ion 33 of the Listin | g Regulations; and |\n|  | c. | gives a true and f | air view, in confor | mity with the | recognition a | nd measurement p | rinciples laid down |\n|  |  | in the applicable | accounting stand | ards prescrib | ed under Sec | tion 133 of the Co | mpanies Act, 2013 |\n|  |  | (the \"Act\") read | with relevant rul | es issued th | ereunder, the | circulars, guideli | nes and directions |\n|  |  | issued by the R | eserve Bank of In | dia (RBI) Gu | idelines (\"RB | I Guidelines\") an | d other accounting |\n|  |  | principles gener | ally accepted in I | ndia, of the | consolidated | net profit and ot | her comprehensive |\n|  |  | income and oth | er financial inform | ation of the | Group and its | associates for the | year ended March |\n|  |  | 31, 2025 and als | o the Consolidated | Statement of | Assets and Li | abilities as at Mar | ch 31, 2025 and the |\n|  |  | Consolidated St | atement of Cash Fl | ows for the y | ear ended on t | hat date. |  |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "Fm Bajaj f;n~Wd", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "88fa76155707aca2", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: Fm Bajaj f;n~Wd | Page: 18\n\n| e W | aterhouse LL | P |  | Kirtan | e & Pandit LLP |  |\n|---|---|---|---|---|---|---|\n| rte | red Accounta | nts |  | Charte | red Accountan | ts |\n| Vee | r Savarkar Mar | g |  | 5th Floor | , Wing-A, Gopal | House |\n| aji P | ark Dadar (Wes | t) |  | S. No. 12 | 7/1B/1 Kothrud |  |\n| bai | 400 028 |  |  | Pune 411 | 029 |  |\n| s f | or Opinion |  |  |  |  |  |\n| We | conducted our | audit in acco | rdance w | ith the Standards on Audi | ting (SAs) specifi | ed under Section |\n| 143 | (10) of the Com | panies Act, | 2013 (the | \"Act\") and other applicab | le authoritative | pronouncements |\n| iss | ued by the Insti | tute of Chart | ered Acc | ountants of India (\"ICAI\") | . Our responsibil | ities under those |\n| Sta | ndards are furt | her describe | d in the \" | Auditors' Responsibilities | for the Audit of | the Consolidated |\n| Fin | ancial Results\" | section of o | ur report | . We are independent of | the Group and | its associates in |\n| acc | ordance with th | e Code of Eth | ics issue | d by the ICAI together with | the ethical requ | irements that are |\n| rel | evant to our aud | it of the Con | solidated | Financial Statements, and | we have fulfilled | our other ethical |\n| res | ponsibilities in | accordance w | ith these | requirements and the Co | de of Ethics. We | believe that the |\n| aud | it evidence obta | ined by us an | d other a | uditors in terms of their re | ports referred to | in sub-paragraph |\n| 13 | of the \"Other Ma | tters\" section | below, is | sufficient and appropriate | to provide a basi | s for our opinion. |\n| rd | of Directors' R | esponsibil | ities for | the Consolidated Fina | ncial Results |  |\n| 4. | These Consolid | ated Financi | al Results | have been compiled from | the consolidate | d annual audited |\n|  | financial state | ments. The | Holding | Company's Board of Di | rectors are resp | onsible for the |\n|  | preparation and | presentatio | n of these | Consolidated Financial Re | sults that give a t | rue and fair view |\n|  | of the consolida | ted net profit | and othe | r comprehensive income a | nd other financial | information, the |\n|  | Consolidated St | atement of A | ssets and | Liabilities and the Consol | idated Statement | of Cash Flows of |\n|  | the Group inclu | ding associat | es in acco | rdance with the recognitio | n and measureme | nt principles laid |\n|  | down in Indian | Accounting | Standard | s prescribed under Section | 133 of the Act r | ead with relevant |\n|  | rules issued the | reunder, the | RBI Guid | elines and other accountin | g principles gen | erally accepted in |\n|  | India and in co | mpliance wit | h Regula | tion 33 of the Listing Reg | ulations. The res | pective Board of |\n|  | Directors of the | entities inclu | ded in th | e Group and of its associate | s are responsible | for maintenance |\n|  | of adequate acc | ounting recor | ds in acc | ordance with the provision | s of the Act for sa | feguarding of the |\n|  | assets of the | Group and i | ts associ | ates and for preventing | and detecting f | rauds and other |\n|  | irregularities; s | election and | applicatio | n of appropriate accountin | g policies; makin | g judgments and |\n|  | estimates that a | re reasonabl | e and pr | udent; and the design, im | plementation and | maintenance of |\n|  | adequate intern | al financial | controls, | that were operating effec | tively for ensuri | ng accuracy and |\n|  | completeness o | f the accoun | ting reco | rds, relevant to the pre | paration and pre | sentation of the |\n|  | Consolidated F | inancial Res | ults that | give a true and fair v | iew and are fre | e from material |\n|  | misstatement, | whether due t | o fraud o | r error, which have been u | sed for the purpo | se of preparation |\n|  | of the Consolid | ated Financ | ial Result | s by the Board of Direct | ors of the Holdi | ng Company, as |\n|  | aforesaid. |  |  |  |  |  |\n| 5. | In preparing th | e Consolidat | ed Financ | ial Results, the respective | Board of Directo | rs of the entities |\n|  | included in the | Group and o | f its asso | ciates are responsible for | assessing the abi | lity of the Group |\n|  | and of its assoc | iates to cont | inue as a | going concern, disclosing | , as applicable, m | atters related to |\n|  | going concern a | nd using the | going co | ncern basis of accounting | unless the Board | Directors either |\n|  | intends to liqu | idate the Gr | oup and | its associates or to ceas | e operations, or | has no realistic |\n|  | alternative but | to do so. |  |  |  |  |\n| 6. | The respective | Board of Dire | ctors of th | e entities included in the | Group and of its a | ssociates are also |\n|  | responsible for | overseeing th | e financi | al reporting process the Gr | oup and of its as | sociates. |\n| ito | rs' Responsib | ilities for th | e Audit | of the Consolidated Fi | nancial Results |  |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "Fm Bajaj f;n~Wd", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "cb8a217e802862fe", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: Fm Bajaj f;n~Wd | Page: 19\n\n| Pri | ce W | aterhouse L | LP |  |  |  | Kirtane & Pan | dit LLP |  |\n|---|---|---|---|---|---|---|---|---|---|\n| Cha | rte | red Accounta | nts |  |  |  | Chartered Acc | ountants |  |\n| 252, | Vee | r Savarkar Ma | rg |  |  |  | 5th Floor, Wing-A | , Gopal Hou | se |\n| Shiv | aji P | ark Dadar (We | st) |  |  |  | S. No. i27/1B/1 K | othrud |  |\n| Mu | mbai | 400 028 |  |  |  |  | Pune 411 029 |  |  |\n|  |  | misstatement | when it exist | s. Mi | sstate | ments can arise | from fraud or e | rror and ar | e considered |\n|  |  | material if, ind | ividually or | in the | aggre | gate, they coul | d reasonably be e | xpected to i | nfluence the |\n|  |  | economic decis | ions of users | taken | on th | e basis of these | Consolidated Fina | ncial Result | s. |\n|  | 8. | As part of an | audit in acc | ordan | ce wit | h SAs, we exer | cise professional | judgment a | nd maintain |\n|  |  | professional sk | epticism thro | ugho | ut the | audit. We also: |  |  |  |\n|  | • | Identify and a | ssess the ris | ks of | mater | ial misstateme | nt of the Consoli | dated Finan | cial Results, |\n|  |  | whether due to | fraud or err | or, des | ign an | d perform audi | t procedures respo | nsive to tho | se risks, and |\n|  |  | obtain audit ev | idence that i | s suffi | cient a | nd appropriate | to provide a basis | for our opin | ion. The risk |\n|  |  | of not detectin | g a material | missta | temen | t resulting from | fraud is higher th | an for one r | esulting from |\n|  |  | error, as fraud | may involve | collu | sion, f | orgery, intentio | nal omissions, m | isrepresenta | tions, or the |\n|  |  | override of inte | rnal control. |  |  |  |  |  |  |\n|  | • | Obtain an un | derstanding | of int | ernal | control releva | nt to the audit in | order to | design audit |\n|  |  | procedures tha | t are approp | riate | in the | circumstances. | Under Section 14 | 3(3)(i) of th | e Companies |\n|  |  | Act 2013, we | are also res | ponsib | le for | expressing ou | r opinion on whe | ther the G | roup and its |\n|  |  | associates have | adequate in | ternal | financ | ial controls wit | h reference to fina | ncial statem | ents in place |\n|  |  | and the operati | ng effectiven | ess of | such | controls. |  |  |  |\n|  | • | Evaluate the a | ppropriatene | ss of | accou | nting policies u | sed and the reaso | nableness o | f accounting |\n|  |  | estimates and r | elated disclo | sures | made | by the Board of | Directors. |  |  |\n|  | • | Conclude on t | he appropria | tenes | s of th | e Board of Di | rectors' use of the | going con | cern basis of |\n|  |  | accounting and | , based on th | e audi | t evide | nce obtained, w | hether a material | uncertainty | exists related |\n|  |  | to events or co | nditions that | may c | ast sig | nificant doubt o | n the ability of the | Group and | its associates |\n|  |  | to continue as | a going conce | rn. If | we con | clude that a ma | terial uncertainty | exists, we ar | e required to |\n|  |  | draw attention | in our audi | tors' | report | to the related | disclosures in the | Consolida | ted Financial |\n|  |  | Results or, if su | ch disclosur | es are | inade | quate, to modify | our opinion. Our | conclusions | are based on |\n|  |  | the audit evid | ence obtaine | d up | to the | date of our au | ditors' report. H | owever, futu | re events or |\n|  |  | conditions may | cause the G | roup a | nd its | associates to ce | ase to continue as | going conce | rn. |\n|  | • | Evaluate the o | verall presen | tatio | n, stru | cture and cont | ent of the Consol | idated Finan | cial Results, |\n|  |  | including the d | isclosures, a | nd wh | ether t | he Consolidated | Financial Results | represent th | e underlying |\n|  |  | transactions an | d events in a | man | ner tha | t achieves fair | presentation. |  |  |\n|  | • | Obtain sufficie | nt appropria | te aud | it evid | ence regarding | the financial resu | lts/financial | information |\n|  |  | of the entities | within the | Group | and i | ts associates to | express an opin | ion on the | Consolidated |\n|  |  | Financial Resu | lts. We are r | espon | sible f | or the direction | , supervision and | performanc | e of the audit |\n|  |  | of financial inf | ormation of | such | entities | included in th | e Consolidated Fi | nancial Res | ults, of which |\n|  |  | we are the ind | ependent au | ditors | . For | the other entiti | es included in the | Consolida | ted Financial |\n|  |  | Results, which | have been au | dited | by oth | er auditors, suc | h other auditors r | emain respo | nsible for the |\n|  |  | direction, supe | rvision and | perfo | rmanc | e of the audit | s carried out by t | hem. We r | emain solely |\n|  |  | responsible for | our audit op | inion. |  |  |  |  |  |\n|  | 9. | We communic | ate with thos | e char | ged w | ith governance | of the Holding Co | mpany rega | rding, among |\n|  |  | other matters, | the planned | scope | and ti | ming of the aud | it and significant | audit findin | gs, including |\n|  |  | any significant | deficiencies | in int | ernal c | ontrol that we i | dentify during our | audit. |  |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "Fm Bajaj f;n~Wd", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "0c1e00a034dc1012", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: For Kirtane & Pandit LLP \nChartered Accountants \nFirm Registration Number: 105215W /W100057 \n~ \nasespanae \nPartner \nMembership Number: 031787 | Page: 20\n\n|  | 11. | We also performe | d procedures | in accordance with | the circular issued | by the SEB | I und | er Regulation |\n|---|---|---|---|---|---|---|---|---|\n|  |  | 33(8) of the Listin | g Regulation | s, as amended, to t | he extent applicable | . |  |  |\n| th | er | Matters |  |  |  |  |  |  |\n|  | 12. | The Consolidated | Financial Re | sults of the Group | and its associates | for the yea | r end | ed March 31, |\n|  |  | 2024, were audite | d jointly by | previous joint aud | itors under the Act | who, vide | their | report dated |\n|  |  | April 25, 2024, ex | pressed an un | modified opinion | on those Consolida | ted Financi | al Re | sults. |\n|  |  | Our opinion on th | e Consolidat | ed Financial Resul | ts is not modified in | respect of | this m | atter. |\n|  | 13. | The financial info | rmation of 2 | subsidiaries inclu | ded in the Consolid | ated Financ | ial R | esults, reflect |\n|  |  | total assets of Rs. | 109,352.96 cr | ore and net assets | of Rs. 21,235.73 cro | re as at Ma | rch 3 | 1, 2025, total |\n|  |  | revenues of Rs. | 10,376.23 cr | ore, total net pr | ofit after tax of R | s. 2,3oi.56 | cror | e, and total |\n|  |  | comprehensive in | come of Rs. | 2,313.20 crore for | the year ended Ma | rch 31, 20 | 25, an | d cash flows |\n|  |  | (net) of Rs. 98.69 | crore for the | year ended March | 31, 2025. The Conso | lidated Fin | ancia | l Results also |\n|  |  | include the Group | 's share of ne | t profit after tax of | Rs. 17.81 crores an | d total com | prehe | nsive income |\n|  |  | of Rs. 17.39 crore | s for the year | ended March 31, | 2025, in respect of | 2 associate | s, wh | ose financial |\n|  |  | information have | not been au | dited by us. The | financial informati | on of thes | e sub | sidiaries and |\n|  |  | associates have b | een auditecl | by other auditors | whose reports have | been furn | ished | to us by the |\n|  |  | Holding Compan | y's Managem | ent and other a | uditors and our o | pinion on | the | Consolidated |\n|  |  | Financial Results, | in so far as it | relates to the amo | unts and disclosure | s included | in res | pect of these |\n|  |  | subsidiaries and | associates, is | based on the re | ports of the other | auditors a | nd th | e procedures |\n|  |  | performed by us a | re as staterl i | n paragraph 11 abo | ve. |  |  |  |\n|  |  | Our opinion on th | e Consolidat | ed Financial Resu | lts is not modified | in respect | of this | matter with |\n|  |  | respect to our reli | ance on the w | ork done and the | reports· of the other | auditors. |  |  |\n|  | 14. | The Consolidated | Financial Re | sults include the re | sults for the quarte | r ended Ma | rch 3 | 1, 2025 being |\n|  |  | the balancing fig | ures between | the audited figu | res in respect of th | e full fina | ncial | year and the |\n|  |  | published unaudi | ted year to da | te figures up to th | e third quarter of th | e current fi | nanci | al year which |\n|  | . | were subject to li | mited review | by us. |  |  |  |  |\n|  |  | Our opinion on th | e Consolidat | ed Financial Resul | ts is not modified in | respect of | this | matter. |\n| Fo | r Pri | ce Waterhouse LL | P |  | For Kirtane & Pand | it LLP |  |  |\n| Ch | arte | red Accountants |  |  | Chartered Account | ants |  |  |\n| Fir | m R | egistration Numb | er: 301112E/ | E300264 | Firm Registration N | umber: 10 | 5215 | W /W100057 |\n| Sh | arad | Vasant |  |  | ~ asespanae |  |  |  |\n| Pa M | rtne emb | r ership Number: 10 | 1119 |  | Partner Membership Numb | er: 031787 |  |  |\n| UD | IN: | 25101119BMIFBJ | 7110 |  | UDIN: 25031787B | MNUGB92 | 84 |  |\n| Pu | ne |  |  |  | Pune |  |  |  |\n| Ap | ril 2 | 9, 2025 |  |  | April 29, 2025 |  |  |  |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "For Kirtane & Pandit LLP \nChartered Accountants \nFirm Registration Number: 105215W /W100057 \n~ \nasespanae \nPartner \nMembership Number: 031787", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "736991b2ee7d2d1d", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: For Kirtane & Pandit LLP \nChartered Accountants \nFirm Registration Number: 105215W /W100057 \n~ \nasespanae \nPartner \nMembership Number: 031787 | Page: 21\n\n| 2 3 4 5 6 | (a) Revenue Interest Fees an Net gain Sale of Income Other o Total re (b) Other inc Total incom Expenses (a) Finance c (b) Fees and (c) Impairme (d) Employee (e) Depreciat (f) Other exp Total expen Share of prof Profit before Tax expense (a) Curr -Cu -Ea (b) Defe Total tax exp Profit after t | from operatio income d commissio on fair value services on derecogni perating inco venue from o ome e osts commission nt on financia benefits exp ion and amor enses ses it/(loss) from tax (1-2+3) ent tax rrent year rlier years rred tax (cred ense ax (4-5) | ns n income changes sed (assigned) loans me perations expense l instruments ense tisation expenses associates it)/charge | 16,359.14 1,521.66 122.70 (13.90) 156.45 310.80 18,456.85 11.89 18,468.74 6,551.98 728.85 2,328.94 1,943.19 252.01 1,025.21 12,830.18 8.82 5,647.38 1,277.89 (249 00) 72.92 1,101.81 4,545.57 | 15,768.21 1,510.57 164.59 3.41 186.20 402.13 18,035.11 23.21 18,058.32 6,385.63 685.33 2,043.33 1,955.54 219.13 1,006.96 12,295.92 3.02 5,765.42 1,492.50 (22.44) (12.83) 1,457.23 4,308.19 | 13,230.07 1,324.42 78.42 8.79 0.21 285.28 14,927.19 4.65 14,931.84 5,217.09 519.62 1,310.01 1,649.59 192.96 940.50 9,829.77 3.01 5,105.08 1,260.72 (0.22) 20.05 1,280.55 3,824.53 | 61,163.55 5,982.84 539 03 27.13 552.04 1,418.92 69,683.51 41.27 69,724.78 24,770.79 2,597.66 7,966.03 7,508.34 880.99 3,939.15 47,662.96 17.81 22,079.63 5,664.86 (275 12) (89.59 5,300.15 16,779.48 | 48,306.60 5,267.17 308.29 49.97 13.33 1,028.53 54,973.89 8.62 54,982.51 18,724.69 1,931.50 4,630.70 6,396.01 683.32 3,314.36 35,680.58 7.64 19,309.57 4,958.00 (0 28) 99.32 4,858.40 14,451.17 |\n|---|---|---|---|---|---|---|---|---|\n| 7 8 | Other compr a) Items that -Remeasu -Tax impa -Net reme of associa -Net other -Changes instrument -Tax impa b) Items that -Changes -Tax impa -Cash flow -Tax impa -Cost of h -Tax impa Total other c Total compr Profit after t Owners of Non-contr Other comp Owners of | ehensive inco will not be re rement gains ct on above asurement ga tes adjustments in fair value o s ct on above will be reclas in fair value o ct on above hedge reser ct on above edging reserv ct on above omprehensiv ehensive inc ax for the pe the Compan olling interest rehensive in the Compan | me classified to profit or loss i(losses) on defined benefit plans ins/(losses) on defined benefit plans -Share -Share of associates f fair value through OCI (FVOCI) equity sified to profit or loss f FVOCI debt securities ve e e income, net of tax ome for the year (6+7) riod attributable to y come for the period attributable to y | 3.71 (0.95) (0.26) (0.03) (154.62) 22.11 63.54 (16 00) (146.18) 36.79 5.99 1.44 187.34 4,358.23 4,479.57 66.00 | (0.74) 0.19 (0.02) (0.01) 74.46 (10 65) (65.17) 16.41 95.96 (2415) 86.28 4,394.47 4,246.54 61.65 | (61.65) 15.52 (0.08) 0.04 67.81 (17.41) 27.61 (6.95) (11.87) 2.99 16.01 3,840.54 3,824.53 | (24.85) 6.25 (0.32) (0.10) (95.49) 25.22 140.79 (35.45) (117.14) 29.48 5.99 (1.44) 67.06 16,712.42 16,637.82 141.66 | (61.65) 15.52 (0.10) 0.01 151.62 (29.82) 39.45 (9.93) (20 80) 5.24 89.54 14,540.71 14,451.17 |\n| 9 10 | Non-contr Total compr Owners of Non-contr Paid-up equi Other equity | olling interest ehensive inc the C{ompan olling interest ty share capit | ome for the period attributable to y al (Face value of { 2) | (188.17) 0.83 4,291.40 66.83 124.17 | 86.52 (024) 4,333.06 61.41 123.76 | 16.01 3,840.54 123.60 | (67.80) 0.74 16,570.02 142.40 124.17 96,568.70 | 89.54 14,540.71 123.60 76,571.75 |\n| 11 | Earnings per Basic('!) | share (not a | nnualised) | 72.35 | 68.63 | 61.91 | 268.94 | 236.89 |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 21, "section": "For Kirtane & Pandit LLP \nChartered Accountants \nFirm Registration Number: 105215W /W100057 \n~ \nasespanae \nPartner \nMembership Number: 031787", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "b4c2f43de6dc85ec", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: Total outstanding dues of micro enterprises and small enterprises \n0.42 \n-\nTotal outstanding dues of creditors other than micro enterprises and small enterprises \n930.49 \n764.58 \n(d) Debt securities \n. \n154,639.73 \n117,999.54 \n(e) Borrowings (Other than debt securities) \n132,102.25 \n111 ,617.47 \n(f) Deposits \n71 ,403.13 \n60, 150.92 \n(g) Subordinated liabilities \n3,103.54 \n3,577.90 \n(h) Other financial liabilities \n1,948.20 \n1,844.39 \nSub-total - Financial liabilities \n366,042.93 \n298,020.96 | Page: 22\n\n| Bajaj Finance Limited Statement of unaudited/audited Consolidated financial results for the Quarter and Financial year ended 31 March 2025 |  |  |  |\n|---|---|---|---|\n| Notes: 1 Disclosure of consolidated statement of assets and liabilities (Balance Sheet) as per Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: (z in crorel |  |  |  |\n|  | Particulars | As at 31.03.2025 (Audited) | As at 31.03.2024 IAudited) |\n| A 1 2 B 1 2 3 | Assets Financial assets (a) Cash and cash equivalents (b) Bank balances other than cash and cash equivalents (c) Derivative financial instruments (d) Trade Receivables (e) Loans (f) Investments (g) Other financial assets Sub-total -Financial assets Non-financial assets (a) Current tax assets (net) (b) Deferred tax assets (net) (c) Property, plant and equipment (d) Capital work-in-progress (e) Intangible assets under development (f) Goodwill (g) Other intangible assets (h) Other non-financial assets Sub-total -Non-financial assets | 3,642.46 9,901.08 250.56 1,913.11 407,844.14 34,440.84 2,444.99 | 4,034.51 6,589.50 27.84 1,733.49 326,293.32 30,880.65 1,431.88 |\n|  |  | 460,437.18 | 370,991.19 |\n|  |  | 480.77 1,141.20 2,688.89 26.74 14.55 3 27 1,088.01 246.22 | 290.92 1,017.43 2,358.32 25.35 18.11 3.27 888.31 148.72 |\n|  |  | 5,689.65 | 4,750.43 |\n|  | Total -Assets | 466,126.83 | 375,741.62 |\n|  | Liabilities and equity Liabilities Financial liabilities (a) Derivative financial instruments (b) Trade payables Total outstanding dues of micro enterprises and small enterprises Total outstanding dues of creditors other than micro enterprises and small enterprises (c) Other payables Total outstanding dues of micro enterprises and small enterprises . Total outstanding dues of creditors other than micro enterprises and small enterprises (d) Debt securities (e) Borrowings (Other than debt securities) (f) Deposits (g) Subordinated liabilities (h) Other financial liabilities Sub-total -Financial liabilities Non-financial liabilities (a) Current tax liabilities (net) (b) Provisions (c) Other non-financial liabilities Sub-total -Non-financial liabilities Equity (a) Equity share capital (b) Other equity Equity attributable to owners of the Company (c) Non-controlling interest Sub-total -Total equity | 37.13 1.80 1,876.24 0.42 930.49 154,639.73 132,102.25 71,403.13 3,103.54 1,948.20 | 2.12 0.73 2,063.31 - 764.58 117,999.54 111,617.47 60, 150.92 3,577.90 1,844.39 |\n|  |  | 366,042.93 | 298,020.96 |\n|  |  | 100.63 514.28 532.10 | 108.64 421.89 494.78 |\n|  |  | 1,147.01 | 1,025.31 |\n|  |  | 124.17 96,568.70 | 123.60 76,571.75 |\n|  |  | 96,692.87 2,244.02 | 76,695.35 - |\n|  |  | 98,936.89 | 76,695.35 |\n|  | Total -Liabilities and equity | . 466, 126.83 | 375,741.62 |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 22, "section": "Total outstanding dues of micro enterprises and small enterprises \n0.42 \n-\nTotal outstanding dues of creditors other than micro enterprises and small enterprises \n930.49 \n764.58 \n(d) Debt securities \n. \n154,639.73 \n117,999.54 \n(e) Borrowings (Other than debt securities) \n132,102.25 \n111 ,617.47 \n(f) Deposits \n71 ,403.13 \n60, 150.92 \n(g) Subordinated liabilities \n3,103.54 \n3,577.90 \n(h) Other financial liabilities \n1,948.20 \n1,844.39 \nSub-total - Financial liabilities \n366,042.93 \n298,020.96", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "805e49e6bcf886e6", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: Total outstanding dues of micro enterprises and small enterprises \n0.42 \n-\nTotal outstanding dues of creditors other than micro enterprises and small enterprises \n930.49 \n764.58 \n(d) Debt securities \n. \n154,639.73 \n117,999.54 \n(e) Borrowings (Other than debt securities) \n132,102.25 \n111 ,617.47 \n(f) Deposits \n71 ,403.13 \n60, 150.92 \n(g) Subordinated liabilities \n3,103.54 \n3,577.90 \n(h) Other financial liabilities \n1,948.20 \n1,844.39 \nSub-total - Financial liabilities \n366,042.93 \n298,020.96 | Page: 23\n\n| Bajaj Finance Limited Statement of unaudited/audited Consolidated financial results for the Quarter and Financial year ended 31 March 2025 |  |  |  |\n|---|---|---|---|\n| Notes: 2 Disclosure of consolidated statement of cash flows as per Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: ({ in crore) |  |  |  |\n|  | Particulars | Year ended |  |\n|  |  | 31.03.2025 I Audited) | 31.03.2024 (Audited) |\n| A. B. | Operating activities Profit before tax Adjustments for: Interest income Depreciation and amortisation expenses Impairment on financial instruments Net loss on disposal of property, plant and equipment and other intangible assets Finance costs Share based payment expenses Net gain on fair value changes Service fees for management of assigned portfolio of loans Income on derecognised (assigned) loans Dividend income (Previous year { 30,225 ) Share of (profit)/loss from associates Cash inflow from interest on loans Cash inflow from interest on investments Cash inflow from servicing and interest spread on assigned loans Cash outflow towards finance cost Cash generated from operation before working capital changes Working capital changes: (Increase) I decrease in bank balances other than cash and cash equivalents (Increase) I decrease in trade receivables (Increase) I decrease in loans (Increase) I decrease in investments classified as FVTPL (Increase) I decrease in other financial assets (Increase) I decrease in other non-financial assets (Increase) I decrease in derivative financial instruments (net) Increase I (decrease).in trade payables Increase I (decrease) in other payables Increase I (decrease) in other financial liabilities Increase I (decrease) in provisions Increase I (decrease) in other non-financial liabilities Income tax paid (net of refunds) Net cash used in operating activities (A) Investing activities Purchase of property, plant and equipment and capital work-in-progress Purchase of other intangible assets and intangible assets under development Sale of property, plant and equipment and other intangible assets Purchase of investments measured at amortised cost Proceeds from liquidation of investments measured at amortised cost Purchase of investments classified as fair value through other comprehensive income (FVOCI) Proceeds from liquidation of investments classified as FVOCI Purchase of equity investments designated under FVOCI Dividend income (Previous year { 30,225) Investment in associates Net cash used in investing activities (B) | 22,079.63 (61, 163.55) 880.99 7,966.03 35.50 24,770.79 393.98 (539.03) (27.13) (552.04) (1.28) (17.81) | 19,309.57 (48,306.60) 683.32 4,630.70 12.54 18,724.69 268.23 (308.29) (49 97) (13 33) (7.64) |\n|  |  | (6,173.92) 58,216.67 2,313.47 28.58 (22,421 35) | (5,056.78) 45,853.52 943.99 89.61 (17,044.04) |\n|  |  | 31,963.45 (3,095.95) (206.31) (89,988.25) (1,429.16) 531.57 (116.70) 56.54 (186.00) 166.33 (7.48) 67.31 38 08 | 24,786.30 (3,589.13) (457.54) (88, 194.09) 1,972.84 (306.33) (33.60) (24.86) 611.91 125.26 131.95 89.81 142.16 |\n|  |  | (94, 170.02) (5,947.90) | (89,531.62) (5,097.99) |\n|  |  | 168,154.471 | 169,843.311 |\n|  |  | (584.06) (497.76) 36.39 (16,270.26) 16,432.61 (31,594.18) 29,745.96 (35.00) 1.28 - | (603.62) (434.16) 38.89 (6,429.43) 6,201.62 (23,310.68) 15,231.80 (514.96) (267.47) |\n|  |  | (2,765.02) | (10,088.01) |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 23, "section": "Total outstanding dues of micro enterprises and small enterprises \n0.42 \n-\nTotal outstanding dues of creditors other than micro enterprises and small enterprises \n930.49 \n764.58 \n(d) Debt securities \n. \n154,639.73 \n117,999.54 \n(e) Borrowings (Other than debt securities) \n132,102.25 \n111 ,617.47 \n(f) Deposits \n71 ,403.13 \n60, 150.92 \n(g) Subordinated liabilities \n3,103.54 \n3,577.90 \n(h) Other financial liabilities \n1,948.20 \n1,844.39 \nSub-total - Financial liabilities \n366,042.93 \n298,020.96", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "cf1cb1a87ba56d63", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: Total outstanding dues of micro enterprises and small enterprises \n0.42 \n-\nTotal outstanding dues of creditors other than micro enterprises and small enterprises \n930.49 \n764.58 \n(d) Debt securities \n. \n154,639.73 \n117,999.54 \n(e) Borrowings (Other than debt securities) \n132,102.25 \n111 ,617.47 \n(f) Deposits \n71 ,403.13 \n60, 150.92 \n(g) Subordinated liabilities \n3,103.54 \n3,577.90 \n(h) Other financial liabilities \n1,948.20 \n1,844.39 \nSub-total - Financial liabilities \n366,042.93 \n298,020.96 | Page: 24\n\n| Notes: 2 Disclosure of consolidated statement of cash flows as per Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: ('{in crore) |  |  |  |\n|---|---|---|---|\n|  | Particulars | Year ended |  |\n|  |  | 31.03.2025 !Audited) | 31.03.2024 (Audited) |\n| C. | Financing activities Issue of equity share capital (including securities premium) Proceeds from dilution of stake in subsidiary (net of IPO expenses) Issue of share warrants Share issue expenses Dividends paid Payment of lease liability Deposits received (net) Short term borrowing availed (net) Long term borrowing availed Long term borrowing repaid Net cash generated from financing activities (C) Net increase/(decrease) in cash and cash equivalents (A+B+C) Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year | 1,251.44 6,460.50 - (0.12) (2,225.24) (214.57) 10,527.22 8,787.63 84,967.14 (39,026.56) | 9,067.17 - 297.21 (34.55) (1,81458) (174.00) 14,759.93 22,023.50 72,666.31 (34,375 91) |\n|  |  | 70,527.44 | 82,415.08 |\n|  |  | (392 05) 4,034.51 | 2,483.76 1,550.75 |\n|  |  | 3,642.46 | 4,034.51 |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 24, "section": "Total outstanding dues of micro enterprises and small enterprises \n0.42 \n-\nTotal outstanding dues of creditors other than micro enterprises and small enterprises \n930.49 \n764.58 \n(d) Debt securities \n. \n154,639.73 \n117,999.54 \n(e) Borrowings (Other than debt securities) \n132,102.25 \n111 ,617.47 \n(f) Deposits \n71 ,403.13 \n60, 150.92 \n(g) Subordinated liabilities \n3,103.54 \n3,577.90 \n(h) Other financial liabilities \n1,948.20 \n1,844.39 \nSub-total - Financial liabilities \n366,042.93 \n298,020.96", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "185a6a9f3701a96d", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: Total outstanding dues of micro enterprises and small enterprises \n0.42 \n-\nTotal outstanding dues of creditors other than micro enterprises and small enterprises \n930.49 \n764.58 \n(d) Debt securities \n. \n154,639.73 \n117,999.54 \n(e) Borrowings (Other than debt securities) \n132,102.25 \n111 ,617.47 \n(f) Deposits \n71 ,403.13 \n60, 150.92 \n(g) Subordinated liabilities \n3,103.54 \n3,577.90 \n(h) Other financial liabilities \n1,948.20 \n1,844.39 \nSub-total - Financial liabilities \n366,042.93 \n298,020.96 | Page: 24\n\n|  | 31.03.2025 (Audited! | 31.03.2024 (Auditedl |\n|---|---|---|\n| Cash and cash equivalents comprises of Cash on hand Balance with banks In current accounts In fixed deposits (with original maturity of 3 months or less) | 56.81 2,635.07 950.58 | 58.84 3,975.67 - |\n| Total | 3,642.46 |  |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 24, "section": "Total outstanding dues of micro enterprises and small enterprises \n0.42 \n-\nTotal outstanding dues of creditors other than micro enterprises and small enterprises \n930.49 \n764.58 \n(d) Debt securities \n. \n154,639.73 \n117,999.54 \n(e) Borrowings (Other than debt securities) \n132,102.25 \n111 ,617.47 \n(f) Deposits \n71 ,403.13 \n60, 150.92 \n(g) Subordinated liabilities \n3,103.54 \n3,577.90 \n(h) Other financial liabilities \n1,948.20 \n1,844.39 \nSub-total - Financial liabilities \n366,042.93 \n298,020.96", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "fe6393f8351d6f82", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: Total outstanding dues of micro enterprises and small enterprises \n0.42 \n-\nTotal outstanding dues of creditors other than micro enterprises and small enterprises \n930.49 \n764.58 \n(d) Debt securities \n. \n154,639.73 \n117,999.54 \n(e) Borrowings (Other than debt securities) \n132,102.25 \n111 ,617.47 \n(f) Deposits \n71 ,403.13 \n60, 150.92 \n(g) Subordinated liabilities \n3,103.54 \n3,577.90 \n(h) Other financial liabilities \n1,948.20 \n1,844.39 \nSub-total - Financial liabilities \n366,042.93 \n298,020.96 | Page: 25\n\n|  | % Shareholding and voting power of Bajaj Finance Limited | Consolidated as |\n|---|---|---|\n| Bajaj Housing Finance Ltd. (BHFL\\ | 88.75%\" | Subsidiary |\n| Bajaj Financial Securities Ltd. (BFinsec) | 100% | Subsidiary |\n| Snapwork Technologies Pvt. Ltd. | 41.50%* | Associate |\n| Pennant Technoloqies Pvt Ltd. | 26.53%* | Associate |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 25, "section": "Total outstanding dues of micro enterprises and small enterprises \n0.42 \n-\nTotal outstanding dues of creditors other than micro enterprises and small enterprises \n930.49 \n764.58 \n(d) Debt securities \n. \n154,639.73 \n117,999.54 \n(e) Borrowings (Other than debt securities) \n132,102.25 \n111 ,617.47 \n(f) Deposits \n71 ,403.13 \n60, 150.92 \n(g) Subordinated liabilities \n3,103.54 \n3,577.90 \n(h) Other financial liabilities \n1,948.20 \n1,844.39 \nSub-total - Financial liabilities \n366,042.93 \n298,020.96", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "e785a6c990cea6ec", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: Total outstanding dues of micro enterprises and small enterprises \n0.42 \n-\nTotal outstanding dues of creditors other than micro enterprises and small enterprises \n930.49 \n764.58 \n(d) Debt securities \n. \n154,639.73 \n117,999.54 \n(e) Borrowings (Other than debt securities) \n132,102.25 \n111 ,617.47 \n(f) Deposits \n71 ,403.13 \n60, 150.92 \n(g) Subordinated liabilities \n3,103.54 \n3,577.90 \n(h) Other financial liabilities \n1,948.20 \n1,844.39 \nSub-total - Financial liabilities \n366,042.93 \n298,020.96 | Page: 25\n\n| Particulars | Through fresh issue by BHFL | Through offer for sale by the Companv | Total |\n|---|---|---|---|\n| No. of shares | 508,571,428 | 428,571,428 | 937' 142,856 |\n| Issue price per share({) | 70.00 | 70.00 | 7000 |\n| Total consideration ({in crore) | 3,560.00 | 3,000.00 | 6,560.00 |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 25, "section": "Total outstanding dues of micro enterprises and small enterprises \n0.42 \n-\nTotal outstanding dues of creditors other than micro enterprises and small enterprises \n930.49 \n764.58 \n(d) Debt securities \n. \n154,639.73 \n117,999.54 \n(e) Borrowings (Other than debt securities) \n132,102.25 \n111 ,617.47 \n(f) Deposits \n71 ,403.13 \n60, 150.92 \n(g) Subordinated liabilities \n3,103.54 \n3,577.90 \n(h) Other financial liabilities \n1,948.20 \n1,844.39 \nSub-total - Financial liabilities \n366,042.93 \n298,020.96", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ecbf2a9fc0ba8230", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: Total outstanding dues of micro enterprises and small enterprises \n0.42 \n-\nTotal outstanding dues of creditors other than micro enterprises and small enterprises \n930.49 \n764.58 \n(d) Debt securities \n. \n154,639.73 \n117,999.54 \n(e) Borrowings (Other than debt securities) \n132,102.25 \n111 ,617.47 \n(f) Deposits \n71 ,403.13 \n60, 150.92 \n(g) Subordinated liabilities \n3,103.54 \n3,577.90 \n(h) Other financial liabilities \n1,948.20 \n1,844.39 \nSub-total - Financial liabilities \n366,042.93 \n298,020.96 | Page: 26\n\n| 14 | State The Company | ment of unaudit and one of its subsi | ed/audi diary viz. | ted Consolidat BHFL is engaged | ed financial primarily in the | results for t business of fin | he Quarter and Financial year ended 31 Mar ancing in India and accordingly there are no separate | ch 2025 operating |  |\n|---|---|---|---|---|---|---|---|---|---|\n|  | segments as p One of the sub | er Ind AS 108 deali sidiary viz. BFinsec | ng with O is engag | perating Segments ed in the business | . of providing st | ock broking an | d depository participant services. Since, this segment | does not sati | sfy |\n|  | the quantitative | thresholds laid do | wn under | Ind AS 108 'Opera | ting Segments' | for reportable | segments, it has not been considered for segment rep | orting. |  |\n| 15 | Figures for the | previous periods h | ave been | regrouped, where | ver necessary, | to make them | comparable with the current period. |  |  |\n| 16 | The Company | has designated an | exclusive | email ID viz.inves | tor.service@ba | jajfinserv.in fo | r investor grievance redressal. By order of | the Board of | Directors |\n| un | e |  |  |  |  |  | For B | ajaj Finance An | Limited up Saha |\n| 9 A | pril 2025 | Registered | Office : | Akurdi, Pune - | GIN : L6591 411 035 I Cor | OMH1987PL porate Offic | C042961 e : 4th Floor, Bajaj Finserv Corporate Office, | Managing | Director |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 26, "section": "Total outstanding dues of micro enterprises and small enterprises \n0.42 \n-\nTotal outstanding dues of creditors other than micro enterprises and small enterprises \n930.49 \n764.58 \n(d) Debt securities \n. \n154,639.73 \n117,999.54 \n(e) Borrowings (Other than debt securities) \n132,102.25 \n111 ,617.47 \n(f) Deposits \n71 ,403.13 \n60, 150.92 \n(g) Subordinated liabilities \n3,103.54 \n3,577.90 \n(h) Other financial liabilities \n1,948.20 \n1,844.39 \nSub-total - Financial liabilities \n366,042.93 \n298,020.96", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "93d6ec022bf51e78", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: Total outstanding dues of micro enterprises and small enterprises \n0.42 \n-\nTotal outstanding dues of creditors other than micro enterprises and small enterprises \n930.49 \n764.58 \n(d) Debt securities \n. \n154,639.73 \n117,999.54 \n(e) Borrowings (Other than debt securities) \n132,102.25 \n111 ,617.47 \n(f) Deposits \n71 ,403.13 \n60, 150.92 \n(g) Subordinated liabilities \n3,103.54 \n3,577.90 \n(h) Other financial liabilities \n1,948.20 \n1,844.39 \nSub-total - Financial liabilities \n366,042.93 \n298,020.96 | Page: 27\n\n| Particulars | For the Qua:e~I For the year ended en e 31 March 2025 31 March 2025 | For the Qeunadrteed:I For the year ended 31 March 2024 31 March 2024 |\n|---|---|---|\n| 1. Debt-Equity ratio [Debt securities+Borrowings (other than debt securities)+Deposits+Subordinated liabilities] I Total Equity | 3.65 | 3.82 |\n| 2. Outstanding redeemable preference shares (quantity and value) | Nil | Nil |\n| 3. Debenture Redemption Reserve | Not Apolicable | Not Applicable |\n| 4. Capital Redemption Reserve | Nil | Nil |\n| 5. Net Worth (~ in crore) | 96,692.87 | 76,695.35 |\n| 6. Net Profit after tax(~ in crore) | 4,545.57 I 16,779.48 | I 3.824.53 14,451.17 |\n| 7. Earnings per share [not annualised] |  |  |\n| Basic(~) | 72.35 I 268.94 | I 61.91 236.89 |\n| Diluted(~) | n rn I 268.20 | I 61.10 235.98 |\n| 8. Total debts to total assets ratio [Debt securities+ Borrowings (other than debt securities)+Deposits+Subordinated liabilities] I Total Assets | 0.78 | 0.78 |\n| 9. Net profit margin [Profit after tax I Total Income] | 24.61%1 24.07% | 25.61%1 26.28% |\n| 10. Sector specific equivalent ratio, as applicable |  |  |\n| (A) Gross NPA (stage 3 asset, gross) ratio | 0.96% | 0.85% |\n| (B) Net NPA (stage 3 asset, net) ratio | 0.44% | 0.37% |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 27, "section": "Total outstanding dues of micro enterprises and small enterprises \n0.42 \n-\nTotal outstanding dues of creditors other than micro enterprises and small enterprises \n930.49 \n764.58 \n(d) Debt securities \n. \n154,639.73 \n117,999.54 \n(e) Borrowings (Other than debt securities) \n132,102.25 \n111 ,617.47 \n(f) Deposits \n71 ,403.13 \n60, 150.92 \n(g) Subordinated liabilities \n3,103.54 \n3,577.90 \n(h) Other financial liabilities \n1,948.20 \n1,844.39 \nSub-total - Financial liabilities \n366,042.93 \n298,020.96", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "1cadb2c2dc52281a", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: mo \nma | Page: 29\n\n| Entity name | % Shareholding and voting power of BFL | Consolidated as |\n|---|---|---|\n| Bajaj Housing Finance Limited (BHFL)· | 88.75%# | Subsidiary |\n| Bajaj Financial Securities Limited (BFinsec) | 100% | Subsidiary |\n| Snapwork Technologies Private Limited | 41.50%* | Associate |\n| Pennant Technologies Private Limited | 26.53%* | Associate |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 29, "section": "mo \nma", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "a7d6d5867a180f1c", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: mo \nma | Page: 29\n\n| Particulars | Q4 FY25 | Q4 FY24 |  | FY25 | FY24 | Growth |\n|---|---|---|---|---|---|---|\n| New loans booked (No. in million) | 10.70 | 7.87 | 36% | 43.42 | 36.20 | 20% |\n| Customer franchise (No. in million) | 101.82 | 83.64 | 22% | 101.82 | 83.64 | 22% |\n| Assets under management (z in crore) | 416,661 | 330,615 | 26% | 416,661 | 330,615 | 26% |\n| Profit after tax (z in crore) | 4,546 | 3,825 | 19% | 16,779 | 14,451 | 16% |\n| Annualised ROA | 4.6% | 4.8% |  | 4.6% | 5.1% |  |\n| Annualised ROE | 19.1% | 20.5% |  | 19.2% | 221% |  |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 29, "section": "mo \nma", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "f0d4815f12effdf2", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: li D \nme | Page: 30\n\n| llFI | NSE~ |  |  |  |  | Pag | e 2 of 10 |\n|---|---|---|---|---|---|---|---|\n| > | Net total income incr | eased by 23% in 0 | z 4 FY25 to 11 | z ,917 crore from | 9,714 crore in | 04 FY24. |  |\n| >- | Operating expenses | to net total income | for 04 FY25 w | as 33.1 % as aga | inst 34 0% in 0 | 4 FY24. |  |\n| > | Pre-provisioning ope | rating profit incre | ased by 24% in | 04 FY25 to z 7, | 967 crore from | z 6,412 cro | re in |\n|  | 04 FY24. |  |  |  |  |  |  |\n| > | Loan losses and pro | visions for 04 FY2 | z 5 was 2,329 c | rore as against | z 1,310 crore in | 04 FY24. I | n 04 |\n|  | FY25, the Company m | ade an additional p | rovision of z 35 | 9 crore on accou | nt of the redeve | lopment of | its ECL |\n|  | model. Excluding this, | loan losses and pro | visions for 04 | FY25 amounted | to z 1,970 crore | . |  |\n| > | Loan losses and pro | visions to average | asset under fi | nance for 04 FY | 25 was 2.33%. | Excluding t | he |\n|  | additional ECL provisi | on of z 359 crore on | account of mo | del redevelopme | nt, it was 1.97% | . |  |\n| > | Profit before tax incr | eased by 11 % in 0 | z 4 FY25 to 5,6 | z 4 7 crore from | 5, 105 crore in 0 | 4 FY24. Ex | cluding |\n|  | the additional ECL pro | vision of z 359 cror | e on account of | model redevelo | pment, growth | was 18%. |  |\n| >- | Profit after tax incre | ased by 19% in 04 | FY25 to z 4,54 | 6 crore from z 3, | 825 crore in 04 | FY24. |  |\n|  | During the quarter, th orders of various cour | e Company re-asse ts and tribunals. Ac | ssed its income cordingly, the C | tax position for c ompany has reve | ertain items ba rsed tax expen | sed on favo se for earlie | rable r years |\n|  | z amounting to 249 cr | ore and reduced the | current year's | tax provision by | z 99 crore, resu | lting in over | all tax |\n|  | reduction of z 348 cro | re in 04 FY25. |  |  |  |  |  |\n|  | Excluding the addition | al ECL provision on | account of mo | del redevelopme | nt and reduction | in income | tax |\n|  | provision, profit after | tax growth was 17 | %. |  |  |  |  |\n| > | Gross NPA and Net | NPA as of 31 March | 2025 stood at | 0.96% and 0.44 | % respectively, | as against 0 | .85% |\n|  | and 0.37% as of 31 M | arch 2024. The pro | visioning cover | age ratio on stage | 3 assets was | 54%. |  |\n| > | Capital adequacy rat | io (CRAR) (includin | g Tier-II capital | ) as of 31 March | 2025 was 21.9 | 3%. The Tie | r-I |\n|  | capital was 21.09%. |  |  |  |  |  |  |\n| > | The Company enjoys | the highest credit ra | ting of AAA/St | able for its long-t | erm debt progr | amme from | CRISIL, |\n|  | ICRA, CARE and Indi | a Ratings, A1+ for s | hort-term debt | programme from | CRISIL, ICRA, | CARE and | India |\n|  | Ratings and AAA (St | able) for its fixed de | posits program | me from CRISIL | and ICRA. |  |  |\n| > | S&P Global ratings, o | n 17 March 2025, u | pgraded long-te | rm outlook for th | e Company fro | m 'stable' to |  |\n|  | 'positive' while upgrad | ing the Company's | standalone cre | dit profile (SACP) | rating to 'BBB' | . The Comp | any |\n|  | now hold long-term is | suer rating of BBB-/ | Positive and s | hort-term issuer | rating of A-3 by | S&P Global |  |\n|  | ratings. Additionally, t | he Company has be | en assigned B | aa3/P-3 long-term | and short term | foreign an | d local |\n|  | currency issuer rating | s with stable outloo | k by Moody's ra | tings. |  |  |  |\n| > | On 26 March 2025, B | ajaj Finserv Ltd., the | promoter and | holding company | , exercised the | option attac | hed to |\n|  | warrants issued on 2 | November 2023 and | paid the rema | ining 75% of the | consideration, a | mounting t | z o |\n|  | 891.64 crore. Pursua | nt to the same, the | Preferential Issu | e Allotment Com | mittee of the C | ompany allo | tted |\n|  | 1,550,000 equity shar | es with a face value | of z 2 each, in | accordance with | SEBI ICDR Re | gulations. |  |\n| > | On 28 April 2025, the | Company entered i | nto an agreeme | nt for acquisition | of 12% stake i | n Protectt.ai | Labs |\n|  | z Pvt. Ltd. for 65 cror | e. Founded in 2020, | Protectt.ai is a | cybersecurity pr | oduct company | which speci | alizes |\n|  | in mobile app security | solutions. |  |  |  |  |  |\n|  |  | BA:JA:J | FINANCE L | IMITED |  |  |  |\n| Corporate Offic Maharashtra, Ind Corporate Offic | e: 4th Floor, Bajaj FinseN Corpo ia e Extn.: 3'' Floor, Panchshil Te | https://www.ab rate Office, Off Pune-Ahme ch Park, Viman Nagar, Pun | outbajajfinserv.com/f dnagar Road, Viman e-411 014, Maharas | inance-about-us Nagar, Pune -411 014, htra, India |  | li | D |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 30, "section": "li D \nme", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "bae356e725113973", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: mo \nme | Page: 31\n\n| .FIN | SE'lV |  |  |  |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|---|---|\n| CO | NSOLIDATED PERFO | RMA | NCE HIGHLIGH | TS | - FY25 |  |  |  |  |  |\n| :;... | Number of new loan | s boo | ked grew by 20 | % | in FY25 to 43.4 | 2 million as | against | 36.20 m | illion in FY2 | 4. |\n| > | Customer franchise | stood | at 101.82 million | a | s of 31 March | 2025 as com | pared to | 83.64 m | illion as of |  |\n|  | 31 March 2024, a gro | wth of | 22%. Customer | fr | anchise grew b | y 18.18 millio | n in FY | 25. |  |  |\n| > | Net interest income | incre | ased by 23% in | FY | 25 to < 36,393 | crore from < | 29,582 | crore in | FY24. |  |\n| > | Net total income inc | rease | d by 24% in FY2 | 5 | to < 44,954 cro | re from < 36, | 258 cro | re in FY2 | 4. |  |\n| > | Operating expenses | to ne | t total income f | or | FY25 was 33.2 | % as agains | t 34.0% | in FY24 | . |  |\n| :;;.. | Pre-provisioning op | eratin | g profit increas | ed | by 25% in FY | 25 to< 30,02 | 8 crore | from < 2 | 3,933 crore | in |\n|  | FY24. |  |  |  |  |  |  |  |  |  |\n| > | Loan losses and pro | visio | ns in FY25 was | < 7 | ,966 crore as a | gainst < 4,63 | 1 crore | in FY24 | . Excluding | the |\n|  | additional ECL provisi | on of | z359 crore on a | cc | ount of model r | edevelopmen | t, loan l | osses an | d provision | s for |\n|  | FY25 was z 7,607 cro | re. |  |  |  |  |  |  |  |  |\n| > | Profit before tax incr | ease | d by 14% in FY2 | 5 | to< 22,080 cro | re from< 19, | 310 cror | e in FY2 | 4. Excludin | g the |\n|  | additional ECL provisi | on of | z359 crore on a | cc | ount of model r | edevelopmen | t, grow | th was 1 | 6%. |  |\n| > | Profit after tax incre | ased | by 16% in FY25 | to | < 16,779 crore | from< 14,45 | 1 crore | in FY24. | Excluding t | he |\n|  | additional ECL provisi | on on | account of mod | el | redevelopment | and reductio | n in inc | ome tax | provision, p | rofit |\n|  | after tax growth was | 16%. |  |  |  |  |  |  |  |  |\n| > | The Board of Director | s has | approved distrib | uti | on of a special | interim divid | end of< | 12 per e | quity share | , from |\n|  | the exceptional gain r | esulti | ng from the sale | of | investment in B | HFL as part | of IPO l | isting in | September | 2024. |\n| > | The Board of Director | s has | recommended a | fi | nal dividend of | < 44 per equ | ity share | of face | value of< 2 |  |\n|  | (2200%) for FY25 (Pr | eviou | s year < 36 per e | qu | ity share of fac | e value of< | 2 each L | e. 1800 | %). |  |\n| > | The Board of Director | s has | approved, subje | ct | to shareholder | approval, th | e sub-di | vision of | the face val | ue of |\n|  | shares from z 2 to z 1 | fully | paid equity shar | es | , and the issue | of 4 fully paid | bonus | equity s | hares of fac | e |\n|  | z value 1 for every 1 f | ully p | aid equity share | of | z face value 1. | The bonus i | ssue ref | lects the | Company's | stron |\n|  | financial position, rob | ust re | serves, and posit | iv | e growth outloo | k. |  |  |  |  |\n|  |  |  | BA:JA:J FI | N | ANCE LIM | ITED |  |  |  |  |\n|  |  |  | https://www.aboutb | aja | jfinserv.com/finance | -about-us |  |  |  |  |\n| Corporate Offic Maharashtra, Ind Corporate Offic Tel: +91 20 7157 | e: 4<h Floor, Bajaj Finserv Corpo ia · e Extn.: 3'' Floor, Panchshil Te 64031 Fax: +91 20 7157 6364 | rate Off ch Park, | ice. Off Pune-Ahmedna Viman Nagar, Pune- | gar 411 | Road, Viman Nagar. 014, Maharashtra. In | Pune -411 014, dia |  |  | m | o |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 31, "section": "mo \nme", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "009ac84b192e691a", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: B D \nme | Page: 32\n\n| AUM | As of 31 March 2025 |  |  |  | Consolidated as of 31 March 2024 |  |\n|---|---|---|---|---|---|---|\n|  | BFL | BHFL | BFinsec | Consolidated |  |  |\n| Two & Three-Wheeler Finance | 17,319 | - | - | 17,319 | 19,742 | (12%) |\n| Urban Sales Finance | 29, 109 | - | - | 29, 109 | 23,448 | 24% |\n| Urban B2C Loans | 86,096 | 1,600 | - | 87,696 | 66,093 | 33% |\n| Rural Sales Finance | 7,944 | - | - | 7,944 | 6,209 | 28% |\n| Rural B2C Loans | 21,467 | - | - | 21,467 | 17,607 | 22% |\n| Gold Loans | 8,307 | - | - | 8,307 | 4,599 | 81% |\n| SME Lending | 50,230 | 115 | - | 50,345 | 38,470 | 31% |\n| Car Loans | 11,876 | - | - | 11,876 | 7,087 | 68% |\n| Commercial Lending | 28,285 | - | - | 27,760 | 22,006 | 26% |\n| Loan against securities | 20,872 | - | 4,505 | 25,377 | 22,038 | 15% |\n| Mortgages | 27,327 | 112,969 | - | 129,461 | 103,316 | 25% |\n| Total AUM | 308,832 | 114,684 | 4,505 | 416,661 | 330,615 | 26% |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 32, "section": "B D \nme", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "7daedd87b170f2d1", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: B D \nme | Page: 32\n\n| Deposits | As of 31 March 2025 I |  |  | Consolidated as of 31 March 2024 | Growth |\n|---|---|---|---|---|---|\n|  | BFL | BHFL | Consolidated |  |  |\n| Deposits | 71,365 | 38 | 71,403 | 60, 151 | 19% |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 32, "section": "B D \nme", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "bb7a5fddb74683ea", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: li D \nme | Page: 33\n\n| Particulars | Q4'25 | Q4'24 | QoQ | FY25 | FY24 | YoY |\n|---|---|---|---|---|---|---|\n| New loans booked (No. in million) | 10.70 | 7.87 | 36% | 43.42 | 36.20 | 20% |\n| Assets under management | 416,661 | 330,615 | 26% | 416,661 | 330,615 | 26% |\n| Assets under finance | 407,844 | 326,293 | 25% | 407,844 | 326,293 | 25% |\n| Interest income | 16,359 | 13,230 | 24% | 61, 164 | 48,307 | 27% |\n| Interest expenses | 6,552 | 5,217 | 26% | 24,771 | 18,725 | 32% |\n| Net interest income | 9,807 | 8,013 | 22% | 36,393 | 29,582 | 23% |\n| Fees and commission income | 1,522 | 1,324 | 15% | 5,983 | 5,267 | 14% |\n| Net gain on fair value changes | 123 | 78 | 58% | 539 | 308 | 75% |\n| Income on de-recognised loans and Sale of services | 143 | 9 |  | 579 | 63 | 819% |\n| Others* | 322 | 290 | 11% | 1,460 | 1,038 | 41% |\n| Net total income | 11,917 | 9,714 | 23% | 44,954 | 36,258 | 24% |\n| Operating expenses | 3,950 | 3,302 | 20% | 14,926 | 12,325 | 21% |\n| Pre-provisioning operating profit | 7,967 | 6,412 | 24% | 30,028 | 23,933 | 25% |\n| . Loan losses and provisions | 2,329 | 1,310 | 78% | 7,966 | 4,631 | 72% |\n| Share of profit of associates | 9 | 3 | 200% | 18 | 8 | 125% |\n| Profit before tax | 5,647 | 5,105 | 11% | 22,080 | 19,310 | 14% |\n| Profit after tax | 4,546 | 3,825 | 19% | 16,779 | 14,451 | 16% |\n| Profit after tax attributable to- |  |  |  |  |  |  |\n| Owner's of the Company | 4,480 | 3,825 | 17% | 16,638 | 14,451 | 15% |\n| Non-controlling interest | 66 | - |  | 141 | - |  |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 33, "section": "li D \nme", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d41e6ae1eb81d8b9", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: > Loan losses and provisions for FY25 was z 7,883 crore as against z 4,572 crore in FY24. Excluding the \nadditional ECL provision of z359 crore on account of model redevelopment, loan losses and provisions for \nFY25 was z 7,524 crore. > BA:JA:J FINANCE LIMITED | Page: 34\n\n|  |  |  |  |  |  | Page | 6 of 10 |\n|---|---|---|---|---|---|---|---|\n| STA | NDALONE PERF | ORMANCE | HIGHLIGHTS |  |  |  |  |\n| Baja | j Finance Limite | d - Q4 FY25 |  |  |  |  |  |\n| > | Assets under ma | nagement | z grew 26% to 308,832 crore as of 31 M | arch 20 | z 25 from 244, | 826 crore | as of |\n|  | 31 March 2024. |  |  |  |  |  |  |\n| > | Net interest inco | me increas | z ed by 21% in 04 FY25 to 8,910 crore | z from 7 | ,340 crore in 0 | 4 FY24. |  |\n| > | Net total income | increased | z by 22% in 04 FY25 to 10,894 crore fr | z om 8,9 | 04 crore in 04 | FY24. |  |\n| > | Operating expen | ses to net t | otal income for 04 FY25 was 33.9% a | s against | 34.4% in 04 | FY24. |  |\n| > | Pre-provisioning | operating | profit increased by 23% in 04 FY25 to | z 7,205 | z crore from 5 | ,844 crore | in |\n|  | 04 FY24. |  |  |  |  |  |  |\n| > | Loan losses and | provisions | z for 04 FY25 was 2,300 crore as agai | z nst 1,2 | 78 crore in 04 | FY24. In | 04 |\n|  | FY25, the Compa | ny made an | z additional provision of 359 crore on a | ccount o | f the redevelop | ment of it | s |\n|  | Expected Credit L | oss (ECL) m | odel. Excluding this adjustment, loan lo | sses an | d provisions fo | r 04 FY25 |  |\n|  | z amounted to 1, 9 | 41 cFOre. |  |  |  |  |  |\n| > | Profit before tax | increased b | z y 7% in 04 FY25 to 4,905 crore from | z 4,566 | crore in 04 FY | 24. Exclu | ding |\n|  | the additional ECL | provision o | f z359 crore on account of model redev | elopmen | t, growth was | 15%. |  |\n| > | Profit after tax in | creased by | z 16% in 04 FY25 to 3,940 crore from | z 3,402 c | rore in 04 FY | 24. |  |\n|  | During the quarter orders of various | , the Compa courts and tr | ny re-assessed its income tax position ibunals. Accordingly, the Company has | for certa reverse | in items based d tax expense | on favour for earlier | able years |\n|  | z amounting to 22 | 4 crore and | reduced the current year's tax provision | z by 89 | crore, resultin | g in overa | ll tax |\n|  | reduction of z313 | crore in 04 | FY25. |  |  |  |  |\n|  | Excluding the add | itional ECL | provision on account of model redevelo | pment an | d reduction in | income ta | x |\n|  | provision, profit a | fter tax gro | wth was 15%. |  |  |  |  |\n| > | Gross NPA and | Net NPA as | of 31 March 2025 stood at 1 18% and | 0.56% | respectively, a | s against | 1.05% |\n|  | and 0.46% as of 3 | 1 March 20 | 24. The Company has provisioning cov | erage rat | io of 53% on s | tage 3 ass | ets. |\n| Baj | aj Finance Limite | d - FY25 |  |  |  |  |  |\n| > | Net interest inco | me increas | z ed by 23% in FY25 to 33, 112 crore fr | z om 26, | 940 crore in FY | 24. |  |\n| ,_ | Net total income | increased | z by 24% in FY25 to 40,9 83 crore from | z 33, 103 | crore in FY24 | . |  |\n| > | Pre-provisioning | operating | z profit increased by 25% in FY25 to 2 | 7,015 cr | z ore from 21, | 625 crore | in |\n|  | FY24. |  |  |  |  |  |  |\n| > | Loan losses and | provisions | z for FY25 was 7,883 crore as against | z 4,572 | crore in FY24. | Excluding | the |\n|  | additional ECL pr z FY25 was 7,524 | ovision of z3 crore. | 59 crore on account of model redevelo | pment, lo | an losses and | provision | s for |\n| > | Profit before exc | eptional ga | in and tax increased by 12% in FY25 | z to 19, 1 | 32 crore from | z 17,053 c | rore |\n|  | in FY24. Excludin | g the additio | nal ECL provision of z359 crore on acc | ount of m | odel redevelo | pment, gr | owth· |\n|  | was 14%. |  |  |  |  |  |  |\n|  |  |  | BA:JA:J FINANCE LIMITED |  |  |  |  |\n| Corporate Offic Maharashtra, Ind Corporate Offic | e: 4th Floor, Bajaj Finserv ia e Extn.: 3'° Floor, Panchs | Corporate Office, hil Tech Park, Vi | https://www.aboutbajajfinserv.com/finance-about-us Off Pune-Ahmednagar Road, Viman Nagar, Pune -411 man Nagar, Pune - 411 014, Maharashtra, India | 014, |  |  |  |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 34, "section": "> Loan losses and provisions for FY25 was z 7,883 crore as against z 4,572 crore in FY24. Excluding the \nadditional ECL provision of z359 crore on account of model redevelopment, loan losses and provisions for \nFY25 was z 7,524 crore.", "subsection": "BA:JA:J FINANCE LIMITED", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "1a6527f0f6afe4d0", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: ma \nme | Page: 35\n\n| Particulars | Q4'25 | Q4'24 | QoQ | FY25 | FY24 | YoY |\n|---|---|---|---|---|---|---|\n| Newloansbooked(No. in million) | 10.60 | 7.81 | 36% | 43.04 | 35.97 | 20% |\n| Assets under management | 308,832 | 244,826 | 26% | 308,832 | 244,826 | 26% |\n| Asset under finance | 304,359 | 243,334 | 25% | 304,359 | 243,334 | 25% |\n| Interest income | 13,824 | 11 ,201 | 23% | 51,549 | 40,783 | 26% |\n| Interest expenses | 4,914 | 3,861 | 27% | 18,437 | 13,843 | 33% |\n| Net interest income | 8,910 | 7,340 | 21% | 33,112 | 26,940 | 23% |\n| Fees and commission income | 1,446 | 1,241 | 17% | 5,641 | 5,007 | 13% |\n| Net gain on fair value changes | 83 | 35 | 137% | 344 | 139 | 147% |\n| Income on de-recognised loans and Sale of services | 134 | 10 |  | 477 | 24 |  |\n| Others* | 321 | 278 | 15% | 1,409 | 993 | 42% |\n| Net total income | 10,894 | 8,904 | 22% | 40,983 | 33,103 | 24% |\n| Operating expenses | 3,689 | 3,060 | 21% | 13,968 | 11,478 | 22% |\n| Pre-provisioning operating profit | 7,205 | 5,844 | 23% | 27,015 | 21,625 | 25% |\n| Loan losses and provisions | 2,300 | 1,278 | 80% | 7,883 | 4,572 | 72% |\n| Profit before exceptional gain and tax | 4,905 | 4,566 | 7% | 19,132 | 17,053 | 12% |\n| Exceptional gain | - | - |  | 2,544 | - |  |\n| Profit before tax | 4,905 | 4,566 | 7% | 21,676 | 17,053 | 27% |\n| Profit after tax | 3,940 |  | 16% | 16,662 | 12,644 | 32% |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 35, "section": "ma \nme", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "b3241384cc96e0b6", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: li D \nme | Page: 36\n\n| PER | FORMAN | CE HIGHL | IGHT OF | SUBSIDIARIES |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|---|---|\n| Baja | j Housing | Finance | Limited - | Q4 FY25 |  |  |  |  |  |  |\n| > | Assets un | der mana | gement g | z rew by 26% to | 114,684 | crore as of 3 | 1 March 2 | 025 fro | z m 91,370 | crore a |\n|  | of 31 March | 2024. |  |  |  |  |  |  |  |  |\n| > | Net interes | t income | increase | d by 31 % in Q4 | FY25 to | z 823 crore fr | z om 629 | crore in | Q4 FY24. |  |\n| > | Net total in | come in | creased b | y 34% in Q4 FY2 | z 5 to 95 | 8 crore from | z 717 cro | re in Q4 | FY24. |  |\n| > | Loan losse | s and pr | ovisions i | n Q4 FY25 was | z 30 cror | e as against | z 35 crore | in Q4 F | Y24. |  |\n| > | Profit befo | re tax inc | reased by | 48% in Q4 FY2 | z 5 to 72 | 0 crore from | z 488 cror | e in Q4 | FY24. |  |\n| > | Profit after | tax incre | ased by | 54% in Q4 FY25 | to z 587 | crore from z | 381 crore | in Q4 F | Y24. |  |\n|  | During the | quarter, th | e Compa | ny re-assessed it | s income | tax position | for certain | items | based on f | avorable |\n|  | orders of v | arious cou | rts and tri | bunals. Accordin | gly, the C | ompany has | reversed | tax exp | ense for ea | rlier yea |\n|  | amounting | z to 24 cr | ore and re | duced the curren | t year's t | ax provision | z by 10 cr | ore, res | ulting in ov | erall tax |\n|  | reduction o | f z34 cror | e in Q4 FY | 25. |  |  |  |  |  |  |\n|  | Excluding t | his reduct | ion in inco | me tax provision | , profit a | fter tax grow | th was 4 | 5%. |  |  |\n| > | Gross NPA | and Net | NPA as o | f 31 March 2025 | stood at | 0 29% and 0 | .11 % resp | ectively | , as again | st 0.27% |\n|  | and 0.10% | as of 31 | March 202 | 4. BHFL has pro | visioning | coverage rat | io of 60% | on stag | e 3 assets | . |\n| Baj | aj Housing | Finance | Limited - | FY25 |  |  |  |  |  |  |\n| > | Net interes | t income | increase | d by 20% in FY2 | z 5 to 3, | 007 crore fro | z m 2,51 O | crore in | FY24. |  |\n| > | Net total i | ncome in | creased b | y 23% in FY25 to | z 3,597 | z crore from | 2,925 cro | re in FY | 24. |  |\n| > | Loan loss | es and pr | ovisions i | z n FY25 was 80 | crore as | z against 61 | crore in F | Y24. |  |  |\n| > | Profit befo | re tax in | creased b | y 28% in FY25 to | z 2,770 | z crore from | 2,161 cror | e in FY | 24. |  |\n| > | Profit afte | r tax incr | eased by | z 25% in FY25 to | 2, 163 cr | z ore from 1, | 731 crore | in FY24 | . |  |\n| > | Capital ad | equacy r | atio (includ | ing Tier-II capita | l) as of 3 | 1 March 202 | 5 was 28. | 24%. |  |  |\n| > | BHFL enjo | ys the hig | hest credit | rating of AAA/St | able for | its long-term | debt progr | amme | from CRISI | L and In |\n|  | Ratings an | d A1+ for | short-term | debt programm | e from C | RISIL and Ind | ia Ratings | . |  |  |\n| > | In FY25, B | HFL concl | uded its In | itial Public Offer | (IPO) for | 937, 142,856 | equity sh | ares of | z 10 each, |  |\n|  | comprising parent, na | a fresh is mely BFL. | sue of 508 The equity | ,571,428 equity shares were iss | shares a ued at a | nd 428,571,4 z price of 70 | 28 equity per equity | shares share | offered for totaling to | sale by t z 6,560 |\n|  | crore. BHF | L's equity | shares go | t listed on Nation | al Stock | Exchange of | India Lim | ited and | on BSE L | imited on |\n|  | 16 Septem | ber 2024. |  |  |  |  |  |  |  |  |\n|  |  |  |  | BA:JA:J FINA | NCE | LIMITED |  |  |  |  |\n| Corporate Offic | e: 4'\" Floor, Baja | j Finserv Cor | h porate Office, O | ttps://www.aboutbajajf ff Pune-Ahmednagar R | inserv.com/ oad, Viman | finance-about-us Nagar, Pune -411 | 014, |  |  |  |\n| Maharashtra, Ind Corporate Offic Tel: +91 20 7157 | ia e Extn.: 3'\" Floo 6403 I Fax: +91 | r. Panchshil T 207157 636 | ech Park, Vima 4 | n Nagar, Pune - 411 0 | 14, Maharas | htra. India |  |  |  | li D |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 36, "section": "li D \nme", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d62e27777f12db96", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: B O \nme | Page: 37\n\n| Particulars | 04'25 | 04'24 | OoO | FY25 | FY24 | YoY |\n|---|---|---|---|---|---|---|\n| Assets under management | 114,684 | 91,370 | 26% | 114,684 | 91,370 | 26% |\n| Assets under finance | 99,513 | 79,301 | 25% | 99,513 | 79,301 | 25% |\n| Interest income | 2,374 | 1,907 | 24% | 8,986 | 7,202 | 25% |\n| Interest expenses | 1,551 | 1,278 | 21% | 5,979 | 4,692 | 27% |\n| Net interest income | 823 | 629 | 31% | 3,007 | 2,510 | 20% |\n| Fees and commission income | 51 | 42 | 21% | 201 | 138 | 46% |\n| Net gain on fair value changes | 27 | 35 | (23%) | 164 | 133 | 23% ' |\n| Income on de-recognised loans and Sale of services | 47 | 1 |  | 177 | 106 | 67% |\n| Others* | 10 | 10 | 0% | 48 | 38 | 26% |\n| Net total income | 958 | 717 | 34% | 3,597 | 2,925 | 23% |\n| Operating expenses | 208 | 194 | 7% | 747 | 703 | 6% |\n| Pre-provisioning operating profit | 750 | 523 | 43% | 2,850 | 2,222 | 28% |\n| Loan losses and provisions | 30 | 35 | (14%) | 80 | 61 | 31% |\n| Profit before tax | 720 | 488 | 48% | 2,770 | 2,161 | 28% |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 37, "section": "B O \nme", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "1ce452350817a9c5", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: J.> \nProfit after tax increased by 148% to z 139 crore in FY25 from z 56 crore in FY24. > BA:JA:J FINANCE LIMITED | Page: 38\n\n| Particulars | 04'25 | 04'24 | QoQ | FY25 | FY24 | YoY |\n|---|---|---|---|---|---|---|\n| Assets under finance (MTF Book) | 4,505 | 3,817 | 18% | 4,505 | 3,817 | 18% |\n| Interest income | 156 | 119 | 31% | 609 | 318 | 92% |\n| Interest expenses | 88 | 81 | 9% | 360 | 206 | 75% |\n| Net interest income | 68 | 38 | 79% | 249 | 112 | 122% |\n| Fees and commission income | 26 | 43 | (40%) | 148 | 126 | 17% |\n| Net gain on fair value changes | 12 | 8 | 50% | 31 | 36 | (14%) |\n| Others* | 1 | 2 | (50%) | 13 | 6 | 117% |\n| Net total income | 107 | 91 | 18% | 441 | 280 | 58% |\n| Operating expenses | 62 | 64 | (3%) | 258 | 207 | 25% |\n| Pre-provisioning operating profit | 45 | 27 | 67% | 183 | 73 | 151% |\n| Loan losses and provisions z (FY25 0.25 crore) | ( 1) | 1 | (200%) |  | 2 | (100%) |\n| Profit before tax | 46 | 26 | 77% | 183 | 71 | 158% |\n| Profit after tax | 36 | 22 | 64% | 139 | 56 | 148% |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 38, "section": "J.> \nProfit after tax increased by 148% to z 139 crore in FY25 from z 56 crore in FY24.", "subsection": "BA:JA:J FINANCE LIMITED", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "96a45c50a06deea3", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: Chartered Accountants > • +91 20 67295100. 25433104 \nkpca@lkirtanepandit.com \ne www.kirtanepandit.com | Page: 39\n\n|  | Pu | ne I Mum | bai I Nashik I | Bengaluru I Hyderabad I Ne | w Delhi I | Chennai |  |\n|---|---|---|---|---|---|---|---|\n| Ind | ependent Aud | itor's Re | port on Asset | Cover as at March 31, 2 | 025 unde | r Regulatio | n 54 read with |\n| Re | gulation 56(1)( | d) of the | Securities an | d Exchange Board of India | (Listing | Obligations | and Disclosure |\n| Re | quirements) R | egulation | s, 2015 (as | amended) for submission | to the | BSE Limite | d and Catalyst |\n| Tru | steeship Limit | ed (the \" | Debenture Tr | ustee\") |  |  |  |\n| To |  |  |  |  |  |  |  |\n| The | Board of Dire | ctors |  |  |  |  |  |\n| Baj | aj Finance Lim | ited |  |  |  |  |  |\n| 1. | This Report is | issued in | accordance | with the email received f | rom the | Bajaj Finan | ce Limited (the |\n|  | \"Company\") d | ated Apri | l 04, 2025. |  |  |  |  |\n| 2. | We Kirtane & | Pandit LL | P, Chartered | Accountants, are the Joint | Statutor | y Auditors o | f the Company |\n|  | and have bee | n reques | ted by the C | ompany to examine the | accomp | anying Stat | ement showing |\n|  | 'Asset Cover' | for the | listed non- | convertible debt securit | ies as | at March | 31, 2025 (the |\n|  | \"Statement\") | which ha | s been prepa | red by the Company from | the au | dited financ | ial information |\n|  | and other rele | vant rec | ords and docu | ments maintained by the | Compan | y as at and | for the quarter |\n|  | and year ende | d March | 31, 2025 pur | suant to the requirement | s of the | Regulation | 56(1)( d} of the |\n|  | Securities an | d Exchan | ge Board of | India (Listing Obligatio | ns and | Disclosure | Requirements) |\n|  | Regulations, 2 | 015, as a | mended, (the | \"SEBI Regulations). |  |  |  |\n| 3. | This Report is | required | by the Comp | any for the purpose of su | bmission | with Catal | yst Trusteeship |\n|  | Limited (the\" | Debentu | re Trustee\") o | f the Company and to BSE | Limited | to ensure c | ompliance with |\n|  | the SEBI Regu | lations a | nd SEBI Circul | ar SEBl/HO/MIRSD/MIRSD | _CRADT | /CIR/P/2022 | /67 dated May |\n|  | 19, 2022 (\"th | e circular | \") in respect | of its listed non-converti | ble debt | securities a | s at March 31, |\n|  | 2025 (\"Deben | tures\"). | The Company | has entered into agreem | ent(s) w | ith the Deb | enture Trustee |\n|  | (\"Debenture T | rust Dee | d\") in respect | of such Debentures, as in | dicated i | n the Statem | ent. |\n| Ma | nagement Re | sponsibili | ty |  |  |  |  |\n| 4. | The preparati | on of th | e Statement | is the responsibility of t | he Man | agement of | the Company |\n|  | including the | preparati | on and mainte | nance of all accounting an | d other r | elevant sup | porting records |\n|  | and documen | ts. This | responsibility | includes the design, im | plementa | tion, and | maintenance of |\n|  | internal contr | ol releva | nt to the pre | paration and presentation | of the | Statement a | nd applying an |\n|  | appropriate b | asis of pr | eparation; an | d making estimates that a | re reason | able in the | circumstances. |\n| 5. | The Managem | ent of th | e Company is | also responsible for ensur | ing that t | he Compan | y complies with |\n|  | all the relevan | t require | ments of the | SEBI circular, SEBI Regulati | ons, Com | panies Act, | 2013 and other |\n|  | relevant laws | and regu | lations as app | licable. |  |  |  |\n| 6. | The Managem | ent is als | o responsible | to ensure that Assets Co | ver Ratio | as on Marc | h 31, 2025 is in |\n|  | compliance w | ith SEBI | circular no. S | EBl/HO/MIRSD/MIRSD_C | RADT/CI | R/P/2022/67 | dated May 19, |\n|  | 2022 with the | minimu | m asset cover | requirement of hundred | percent | as per the S | EBI Regulations |\n|  | as given in An | nexure I | attached to th | is certificate. |  |  |  |\n|  | 5th | Floor. Win | g A. Gopal Hous | e. S.No. 127/lB/ll. Plot Al, Kothru | d. Pune - | 4110 38. India |  |\n|  | • +91 2 | 0 67295100 | . 25433104 | e kpca@lkirtanepandit.com | www.kirt | anepandit.co | m |\n|  |  |  |  |  |  |  | 1 |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 39, "section": "Chartered Accountants", "subsection": "• +91 20 67295100. 25433104 \nkpca@lkirtanepandit.com \ne www.kirtanepandit.com", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "e93cc6c841e807cb", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: Chartered Accountants > • +91 20 67295100. 25433104 \nkpca@lkirtanepandit.com \ne www.kirtanepandit.com | Page: 40\n\n| 7. | Our | responsibil | ity, for the purpose | of this | certificate is | to verify the p | articulars cont | ained in the |\n|---|---|---|---|---|---|---|---|---|\n|  | Sta | tement, on | the basis of the a | udited f | inancial infor | mation and o | ther relevant | records and |\n|  | doc | uments ma | intained by the Co | mpany | and to certify | asset cover | ratio is minim | um hundred |\n|  | per | cent as per t | he minimum requir | ement | stated in SEBI | Regulations. |  |  |\n| 8. | We | have (a) jo | intly audited along | with J | oint Statutory | Auditor, i.e, | Price Waterho | use LLP, the |\n|  | Sta | ndalone Fin | ancial statements fo | r the ye | ar ended 31 | march 2025, a | nd (b) jointly r | eviewed the |\n|  | Sta | ndalone Fin | ancial Results for th | e quar | ter ended Ma | rch 31, 2025, | prepared by t | he Company |\n|  | pur | suant to the | requirements of R | egulatio | n 33 and Reg | ulation 52 of t | he SEBI (Listin | g Obligations |\n|  | and | Disclosure | Requirements) R | egulatio | ns, 2015, as | amended, a | nd issued an | unmodified |\n|  | con | clusion date | d April 29, 2025. |  |  |  |  |  |\n| 9. | We | conducted | our examination of t | he Stat | ement in accor | dance with th | e Guidance Not | e on Reports |\n|  | or | Certificates f | or Special Purposes | issued | by the ICAI. Th | e Guidance No | te requires th | at we comply |\n|  | wit | h the ethical | requirements of th | e Code | of Ethics issue | d by the ICAI. |  |  |\n| 10. | We | have compl | ied with the releva | nt appli | cable require | ments of the S | tandard on Qu | ality Control |\n|  | (SQ | C) 1, \"Qual | ity Control for Fir | ms that | Perform Au | dits and Revi | ews of Histori | cal Financial |\n|  | Inf | ormation, an | d Other Assurance | and Rel | ated Services | Engagements\". |  |  |\n| 11. | Ou | r scope of w | ork did not involve | us per | forming audi | t tests for the | purposes of e | xpressing an |\n|  | opi | nion on the | fairness or accuracy | of any o | f the financial | information o | r the financial | results of the |\n|  | Co | mpany taken | as a whole. We hav | e not p | erformed an | audit, the obje | ctive of which | would be the |\n|  | exp | ression of a | n opinion on the fina | ncial re | sults, specifie | d elements, ac | counts or item | s thereof, for |\n|  | the | purpose of | this report. Accordin | gly, we | do not expre | ss such opinio | n. |  |\n| 12. | A li | mited assur | ance engagement in | cludes | performing pr | ocedures to o | btain sufficien | t appropriate |\n|  | evi | dence on th | e applicable criteria, | menti | oned in parag | raph 6 above. | The procedure | s performed |\n|  | var | y in nature a | nd timing from, and | are less | in extent than | for, a reasona | ble assurance | engagement. |\n|  | Co | nsequently, t | he level of assuranc | e obtai | ned is substan | tially lower tha | n the assuranc | e that would |\n|  | hav | e been obt | ained had a reason | able as | surance engag | ement been | performed. Ac | cordingly, we |\n|  | hav | e performe | d the following proc | edures | in relation to t | he Statement | on the sample | basis: |\n|  | (a) | Obtained an | d read the Debentu | re Trus | t Deed and th | e Information | Memorandum | in respect of |\n|  |  | the secured | Debentures and not | ed the | asset cover pe | rcentage requi | red to be main | tained by the |\n|  |  | Company in | respect of such Deb | entures | , as Indicated | in Annexure I | of the Statem | ent. |\n|  | (b) | Verified the | amount of the De | bentur | es outstandin | g as on Marc | h 31, 2025 to | the audited |\n|  |  | financial inf | ormation and other | relevan | t records, do | cuments maint | ained by the | Company and |\n|  |  | audited boo | ks of account mainta | ined by | the Company | for the year e | nded March 31 | , 2025. |\n|  | (c) | Obtained a | nd read the partic | ulars o | f asset cover | required to | be provided i | n respect of |\n|  |  | Debentures | as indicated in the | Debentu | re Trust Deed | and the Infor | mation Memor | andum. |\n|  | (d) | Verified the | value of assets indi | cated i | n Annexure I | of the Statem | ent to the aud | ited financial |\n|  |  | information | and other relevant | record | s, documents | maintained b | y the Company | and audited |\n|  |  | books of ac | count maintained by | the Co | mpany as on | March 31, 202 | 5. |  |\n|  |  |  |  |  |  |  |  | 2 |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 40, "section": "Chartered Accountants", "subsection": "• +91 20 67295100. 25433104 \nkpca@lkirtanepandit.com \ne www.kirtanepandit.com", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "8995e2e3e66d2854", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: Chartered Accountants > Partner \nM.No. 031787 \nUDIN 2-50311-8\"1-0f'1NUfYq133 | Page: 41\n\n| ( | e) | Obtaine | d the | list of secu | rity created in | the register | of charges | maintained by the Comp | any and |\n|---|---|---|---|---|---|---|---|---|---|\n|  |  | 'Form N | o. CH | G-9' filed w | ith Ministry o | f Corporate | Affairs. Tra | ced the value of charge | created |\n|  |  | against a | ssets | to the ass | et cover. |  |  |  |  |\n| ( | f) | Obtained | the | list and va | lue of assets | placed und | er lien or e | ncumbrance for the pur | pose of |\n|  |  | obtainin | g any | other loan | and determin | ed that such | assets are | not included in the calcu | lation of |\n|  |  | asset co | ver in | respect of | the Debenture | s. |  |  |  |\n| ( | g) | Examine | d and | verified th | e arithmetical | accuracy of | the comput | ation of asset cover indi | cated in |\n|  |  | Annexur | e I of | the Statem | ent. |  |  |  |  |\n| ( | h) | Obtaine | d ext | ernal conf | irmation from | Catalyst | Trusteeship | Limited for the ISIN, | with no |\n|  |  | discrepa | ncies | identified. |  |  |  |  |  |\n|  | (i) | Further, | base | d on discu | ssions with th | e joint aud | itor i.e. Pric | e Waterhouse LLP (PW | ), it has |\n|  |  | been co | nfirm | ed that no | discrepancies | were identi | fied in the l | oan portfolio in respect | of asset |\n|  |  | cover. |  |  |  |  |  |  |  |\n| 13. | We | have no | resp | onsibility t | o update this | certificate f | or events an | d circumstances occurri | ng after |\n|  | the | date of | this c | ertificate. |  |  |  |  |  |\n| Co | nclu | sion |  |  |  |  |  |  |  |\n| 14. | Ba | sed on th | e pro | cedures p | erformed by u | s, as referre | d to in para | graph 11 above and acc | ording to |\n|  | the | informa | tion | and explan | ations receive | d and Man | agement re | presentations obtained, | nothing |\n|  | has | come to | our | attention t | hat causes us t | o believe th | at the Comp | any has not maintained | hundred |\n|  | pe | rcent as | set c | over or as | set cover as | per the ter | ms of the | Information Memorand | um and |\n|  | De | benture | Trust | deed. We | further state t | hat the boo | k value of th | e assets provided in An | nexure I |\n|  | att | ached to | this r | eport is in | conformity wi | th books of | accounts m | aintained by the Compan | y. |\n| Re | stri | ction on | Use |  |  |  |  |  |  |\n| 15. | Th | e Report | has b | een issued | at the reques | t of the Com | pany, solel | y in connection with the | purpose |\n|  | me | ntioned | in pa | ragraph 2 | above and to | be submitte | d with the | accompanying Stateme | nt to the |\n|  | Na | tional St | ock E | xchange of | India Limited, | Bombay Sto | ck Exchang | e Limited and Debenture | Trustee |\n|  | an | d is not t | o be u | sed or ref | erred to for an | y other pers | on. Accordi | ngly, we do not accept o | r assume |\n|  | an | y liability | or an | y duty of c | are for any ot | her purpose | or to any o | ther person to whom th | is report |\n|  | is s | hown or | into | whose han | ds it may come | . We have | no responsib | ility to update this certif | icate for |\n|  | ev | ents and | circu | mstances o | ccurring after | the date of | this report. |  |  |\n|  | Fo | r KIRTAN | E & P | ANDIT LLP |  |  |  |  |  |\n|  | (C | hartered | Acco | untants) |  |  |  |  |  |\n|  | FR | N 10521 | 5W/W | 100057 |  |  |  |  |  |\n|  | Pa | rtner |  |  |  |  |  |  |  |\n|  | M. | No. 0317 | 87 |  |  |  |  |  |  |\n|  | UD | 2-50 IN | 311 | -8\"1-0f'1 | NUfYq133 |  |  |  |  |\n|  | Da | te: April | 29, 2 | 025 |  |  |  |  |  |\n|  | Pla | ce: Pune |  |  |  |  |  |  |  |\n|  |  |  |  |  |  |  |  |  | 3 |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 41, "section": "Chartered Accountants", "subsection": "Partner \nM.No. 031787 \nUDIN 2-50311-8\"1-0f'1NUfYq133", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "b5fba596b188880b", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: -.-....ion -- | Page: 42\n\n|  |  |  |  |  |  |  |  | ,.....,n |  | -- ~-i..o1-1u11 .. -.-....ion - ~q. .... - ..._- ...D-. ~S~ !M- .\",.· .\"b­ . .... f ...... lonol~ |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n|  |  |  |  |  | .. \" ,\" ,\" .\" .'_\" .• ..\" .\".~\".,' ..l ,.> Mr.>\",\" l ~ d l-bt ~-~&--­ | -- \"\"-\"\"\"-u....~i.,..+ - =:!:'=.. ·ri |  | .........,_ .,._(':. .. r. UdU1!•1N\"~pc$MI |  | -- -.-....ion | ~-i..o1-1u11 .. - ~q. .... - ..._- ...D-. ~S~ !M- .\",.· .\"b­ . .... f ...... lonol~ |  |  |  |\n|  |  |  |  |  |  |  | l.ll4).l4 U.4!i |  |  |  |  |  |  |  |\n| SuJ;S..!o•C<\">Ollle.-tllanC:uhol\"ldc. .h E ...... lent• |  |  |  |  |  |  |  |  |  |  |  |  |  |  |\n| ou·.erocblsh•Mf'Cporl·po.,u<llarrew.!hoOO..·e <d:>tlhnklctml.<>on |  |  |  |  |  |  |  |  |  |  |  |  |  |  |\n| Ocb<Sccwitin(CP,Unucur«io.ebt•l\"ldW.O. ~EPO,rfCbottcwln•d |  |  |  |  |  |  |  |  |  |  |  |  |  |  |\n|  |  |  |  |  | '••i~HOU~U<ityCo.,..rllltia |  |  |  |  |  |  |  |  |  |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 42, "section": "-.-....ion --", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "1b255d72cfd790e4", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: mo \nmm | Page: 43\n\n|  |  |  |  |  |  | 29 | April 2025 |\n|---|---|---|---|---|---|---|---|\n|  | To |  |  |  |  |  |  |\n|  | The Manager. |  |  |  |  |  |  |\n|  | BSE Ltd. |  |  |  |  |  |  |\n|  | Phiroze Jeejeebh | oy Towe | rs. |  |  |  |  |\n|  | 25th Floor. Dalal S | treet. |  |  |  |  |  |\n|  | Mumbai - 400 001 |  |  |  |  |  |  |\n|  | Dear Sir/Madam. |  |  |  |  |  |  |\n|  | Subject: Certific | ate fro | m CFO on | use of p | roceeds | from issue of commercial | papers |\n|  | Pursuant to SEBI | master | circular d | ated 22 | May 202 | 4. the Company hereby con | firms that |\n|  | the proceeds fr | om iss | ue of co | mmercia | l papers | . raised during the quar | ter ended |\n|  | 31 March 2025 an | d which | are listed. | are use | d for the | purpose as disclosed in the | Disclosure |\n|  | Document of res | pective | issues. Th | e Comp | any furth | er confirms that all the co | nditions of |\n|  | listing as specifie | d in the | aforesaid | circular | have bee | n adhered. |  |\n|  | Kindly take the ab | ove inf | ormation o | n record | . |  |  |\n|  | Thanking you. |  |  |  |  |  |  |\n|  | Yours faithfully. |  |  |  |  |  |  |\n|  | For Bajaj Finance | Limite | d |  |  |  |  |\n|  | ndeep ::Jain |  |  |  |  |  |  |\n|  | ief Operating | Officer | and Chie | f Financ | ial Offic | er |  |\n|  | Email ID: investor. | service@ | bajajfinse | rv.in |  |  |  |\n|  | Copy to Catalyst T | rustees | hip Ltd. (D | ebenture | Trustee. | Pune) |  |\n|  |  |  | BA: | JA:J FI | NANCE | LIMITED |  |\n|  |  |  | https://w | ww.aboutba | jajfinserv.com | /finance-about-us |  |\n| Corporate Maharashtr Corporate Tel: +91 20 | Office: 4'\" Floor. Bajaj Finserv a, India Office Extn.: 3\" Floor, Panch 7157 6403 I Fax: +91 20 7157 6 | Corporate O shil Tech Par 364 | ffice, Off Pune- k, Viman Nagar, | Ahmednagar Pune - 411 01 | Road, Viman N 4, Maharashtra | agar. Pune -411 014. , India | m m |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 43, "section": "mo \nmm", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "a8ae17a68ec914dd", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: Corporate Office: 4'\" Floor. Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road, Viman Nagar, Pune - 411 014, \nMaharashtra, India \nCorporate Office Extn.: 3'\" Floor, Panchshil Tech Park, Viman Nagar, Pune - 411 014, Maharashtra, India \nTel: +91 20 7157 6403 I Fax: +91 20 7157 6364 \nRegistered Office: C/o Bajaj Auto Limited complex, Mumbai - Pune Road, Akurdi, Pune - 411 035, Maharashtra. India \nCorporate ID No.: L65910MH1987PLC042961 I Email ID: investor.service@bajajfinserv.in \nc | Page: 44\n\n| Name of the Issuer |  |  | --~-T~·y< pe of instru ment | Date of raising funds | Amount Raised In Crore (Face Value)* | Funds utilized In Crore (Face Value)* | Any deviation (Yes/ No) | lfBisYes, then specify the purpose of for which the funds were utilized | Remarks, if any |\n|---|---|---|---|---|---|---|---|---|---|\n| 1 | 2 | .. 3 .... | 4 | 5 | 6 | 7 | 8 | ..9 ..... | 10 |\n| Bajaj Finance Limited | IN E296A07R01 | Private | NCO | 04-Feb-25 | 500.00 | 500.00 | NO | - |  |\n| Bajaj Finance Limited | INE296A07TF2 | Private | NCO | 10-Feb-25 | 750.00 | 750.00 | NO | - |  |\n| Bajaj Finance Limited | INE296A07R01 | Private | NCO | 03-Mar-25 | 781.40 | 781.40 | NO | - |  |\n| Bajaj Finance Limited | INE296A07R01 | Private | NCO | 19-Mar-25 | 545.00 | 545.00 .. | NO | - |  |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 44, "section": "Corporate Office: 4'\" Floor. Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road, Viman Nagar, Pune - 411 014, \nMaharashtra, India \nCorporate Office Extn.: 3'\" Floor, Panchshil Tech Park, Viman Nagar, Pune - 411 014, Maharashtra, India \nTel: +91 20 7157 6403 I Fax: +91 20 7157 6364 \nRegistered Office: C/o Bajaj Auto Limited complex, Mumbai - Pune Road, Akurdi, Pune - 411 035, Maharashtra. India \nCorporate ID No.: L65910MH1987PLC042961 I Email ID: investor.service@bajajfinserv.in \nc", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "6ebd77bff0981bc9", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: Corporate Office: 4'\" Floor. Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road, Viman Nagar, Pune - 411 014, \nMaharashtra, India \nCorporate Office Extn.: 3'\" Floor, Panchshil Tech Park, Viman Nagar, Pune - 411 014, Maharashtra, India \nTel: +91 20 7157 6403 I Fax: +91 20 7157 6364 \nRegistered Office: C/o Bajaj Auto Limited complex, Mumbai - Pune Road, Akurdi, Pune - 411 035, Maharashtra. India \nCorporate ID No.: L65910MH1987PLC042961 I Email ID: investor.service@bajajfinserv.in \nc > NANCE LIMITED | Page: 45\n\n| Particulars |\n|---|\n| Name of listed entity Mode of fund raising |\n| Type of instrument |\n| Date of raising funds |\n| Amount raised Report filed for quarter ended Is there a deviation/ variation in use of funds raised? |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 45, "section": "Corporate Office: 4'\" Floor. Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road, Viman Nagar, Pune - 411 014, \nMaharashtra, India \nCorporate Office Extn.: 3'\" Floor, Panchshil Tech Park, Viman Nagar, Pune - 411 014, Maharashtra, India \nTel: +91 20 7157 6403 I Fax: +91 20 7157 6364 \nRegistered Office: C/o Bajaj Auto Limited complex, Mumbai - Pune Road, Akurdi, Pune - 411 035, Maharashtra. India \nCorporate ID No.: L65910MH1987PLC042961 I Email ID: investor.service@bajajfinserv.in \nc", "subsection": "NANCE LIMITED", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "fe830b8b138dc443", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: Corporate Office: 4'\" Floor. Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road, Viman Nagar, Pune - 411 014, \nMaharashtra, India \nCorporate Office Extn.: 3'\" Floor, Panchshil Tech Park, Viman Nagar, Pune - 411 014, Maharashtra, India \nTel: +91 20 7157 6403 I Fax: +91 20 7157 6364 \nRegistered Office: C/o Bajaj Auto Limited complex, Mumbai - Pune Road, Akurdi, Pune - 411 035, Maharashtra. India \nCorporate ID No.: L65910MH1987PLC042961 I Email ID: investor.service@bajajfinserv.in \nc > NANCE LIMITED | Page: 45\n\n| Original object | Modified object. if any | Original allocation | Modified allocation, if any | Funds utilised | Amount of deviation/ variation for the quarter according to applicable object (in Rs. crore and in%) |\n|---|---|---|---|---|---|\n| - | - | - | - | - | - |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 45, "section": "Corporate Office: 4'\" Floor. Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road, Viman Nagar, Pune - 411 014, \nMaharashtra, India \nCorporate Office Extn.: 3'\" Floor, Panchshil Tech Park, Viman Nagar, Pune - 411 014, Maharashtra, India \nTel: +91 20 7157 6403 I Fax: +91 20 7157 6364 \nRegistered Office: C/o Bajaj Auto Limited complex, Mumbai - Pune Road, Akurdi, Pune - 411 035, Maharashtra. India \nCorporate ID No.: L65910MH1987PLC042961 I Email ID: investor.service@bajajfinserv.in \nc", "subsection": "NANCE LIMITED", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d76ee835b0c5d488", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: Corporate Office: 4'\" Floor. Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road, Viman Nagar, Pune - 411 014, \nMaharashtra, India \nCorporate Office Extn.: 3'\" Floor, Panchshil Tech Park, Viman Nagar, Pune - 411 014, Maharashtra, India \nTel: +91 20 7157 6403 I Fax: +91 20 7157 6364 \nRegistered Office: C/o Bajaj Auto Limited complex, Mumbai - Pune Road, Akurdi, Pune - 411 035, Maharashtra. India \nCorporate ID No.: L65910MH1987PLC042961 I Email ID: investor.service@bajajfinserv.in \nc > Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n- | Page: 46\n\n| Name of listed entity |\n|---|\n| Mode of Fund Raising |\n| Date of Raising Funds |\n| Amount Raised |\n| Report filed for Quarter ended |\n| Monitoring Agency |\n| Monitoring Agency Name, if applicable |\n| Is there a Deviation I Variation in use of funds raised |\n| If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders |\n| If Yes, Date of shareholder Approval |\n| Explanation for the Deviation I Variation |\n| Comments of the Audit Committee after review |\n| Comments of the auditors. if any |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 46, "section": "Corporate Office: 4'\" Floor. Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road, Viman Nagar, Pune - 411 014, \nMaharashtra, India \nCorporate Office Extn.: 3'\" Floor, Panchshil Tech Park, Viman Nagar, Pune - 411 014, Maharashtra, India \nTel: +91 20 7157 6403 I Fax: +91 20 7157 6364 \nRegistered Office: C/o Bajaj Auto Limited complex, Mumbai - Pune Road, Akurdi, Pune - 411 035, Maharashtra. India \nCorporate ID No.: L65910MH1987PLC042961 I Email ID: investor.service@bajajfinserv.in \nc", "subsection": "Comments of the Audit Committee after \n-\nreview \nComments of the auditors. if any \n-", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "660c6774b9ea9af6", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv | Page: 47\n\n| Objects for which funds have been raised and where there has been a deviation, in the following table |  |  |  |  |  |\n|---|---|---|---|---|---|\n| Original Object | Modified Object, if any | Original Allocation | Modified allocation, if any | Funds Utilised | Amount of Deviation/Variation for the quarter according to applicable object |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 47, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "07ece85119cb35ae", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv | Page: 48\n\n| No. CARE/HO/RL/2025-26 | /1223 |  |  |  |  |  |\n|---|---|---|---|---|---|---|\n| Audit Committee |  |  |  |  |  |  |\n| Bajaj Finance Limited |  |  |  |  |  |  |\n| 3rd Floor, Panchshil Tech Park, |  |  |  |  |  |  |\n| Plot 43/1, 43/2,44/2, Viman Na | gar |  |  |  |  |  |\n| Pune 411 014, Maharashtra, | India |  |  |  |  |  |\n|  |  |  |  |  | April 2 | 9, 2025 |\n| Monitoring Agency Report | for th | e quarter end | ed March 31 | , 2025 - in relatio | n to the Prefer | ential |\n| We write in our capacity as Mo | nitorin | g Agency for th | e Preferential | Issue of 15,50,000 | warrants aggrega | ting to |\n| Rs. 1,200 crore which are conv | ertible | into equivalent | number of eq | uity shares of face v | alue of Rs. 2 each | of the |\n| Company and refer to our dutie | s cast | under 162A of | the Securities | & Exchange Board | of India (Issue of | Capital |\n| & Disclosure Requirements) Re | gulatio | ns, 2018. |  |  |  |  |\n| In this connection, we are enc | losing | the Monitoring | Agency Repor | t for the quarter en | ded March 31, 2 | 025, as |\n| per aforesaid SEBI Regulations | and M | onitoring Agen | cy Agreement | dated November 01 | , 2023. |  |\n| Request you to kindly take the | same | on records. |  |  |  |  |\n| Thanking you, |  |  |  |  |  |  |\n| Yours faithfully, |  |  |  |  |  |  |\n| Geeta Chainani |  |  |  |  |  |  |\n| Associate Director |  |  |  |  |  |  |\n| geeta.chainani@careedge.in |  |  |  |  |  |  |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 48, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "a1150ee4d9a08e6e", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv | Page: 49\n\n| Report of th | e Mon | itoring Age | ncy |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|\n| Name of the is | suer: | Bajaj Financ | e Limited |  |  |  |  |  |\n| For quarter en | ded: | March 31, 20 | 25 |  |  |  |  |  |\n| Name of the M | onito | ring Agency: | CARE Ra | tings Limited |  |  |  |  |\n| (a) Deviation f | rom t | he objects: N | il |  |  |  |  |  |\n| (b) Range of D | eviati | on: Not Appli | cable |  |  |  |  |  |\n| Declaration: |  |  |  |  |  |  |  |  |\n| We declare th | at this | report provid | es an ob | jective view o | f the utilization | of the issue pro | ceeds in re | lation to the |\n| objects of the | issue | based on th | e informa | tion provided | by the Issuer | and information | obtained f | rom sources |\n| believed by it | to be | accurate and | reliable. | The MA does | not perform a | n audit and unde | rtakes no | independent |\n| verification of | any in | formation/ c | ertificatio | ns/ statements | it receives. T | his Report is not | intended t | o create any |\n| legally binding | oblig | ations on the | MA whic | h accepts no r | esponsibility, w | hatsoever, for lo | ss or dam | age from the |\n| use of the sai | d infor | mation. The | views an | d opinions exp | ressed herein | do not constitut | e the opin | ion of MA to |\n| deal in any se | curity | of the Issuer | in any m | anner whatso | ever. Nothing | mentioned in thi | s report is | intended to |\n| or should be | constr | ued as creati | ng a fidu | ciary relations | hip between t | he MA and any | issuer or | between the |\n| agency and a | ny use | r of this rep | ort. The | MA and its aff | iliates also do | not act as an ex | pert as d | efined under |\n| Section 2(38) | of the | Companies A | ct, 2013 | . |  |  |  |  |\n| The MA or its | affilia | tes may have | credit r | ating or other | commercial tr | ansactions with t | he entity | to which the |\n| report pertain | s and | may receive | separate | compensation | for its ratings | and certain cred | it related a | nalyses. We |\n| confirm that t | here i | s no conflict | of intere | st in such rel | ationship/inter | est while monito | ring and r | eporting the |\n| utilization of | the is | sue proceed | s by the | issuer, or w | hile undertaki | ng credit rating | or other | commercial |\n| transactions w | ith th | e entity. |  |  |  |  |  |  |\n| We have subm | itted | the report he | rewith in | line with the | format prescri | bed by SEBI, ca | pturing ou | r comments, |\n|  |  |  | s Man | agement / Au | dit Committee | of the Board of D | irectors su | bsequent to |\n| the MA submi | tting t | heir report to | the issu | er and before | dissemination | of the report thr | ough stock | exchanges. |\n| These section | s have | not been re | viewed b | y the MA, and | the MA takes | no responsibility | for such c | omments of |\n| Signature: |  |  |  |  |  |  |  |  |\n| Name and des | ignati | on of the Aut | horized S | ignatory: Gee | ta Chainani |  |  |  |\n| Designation of | Auth | orized person | /Signing | Authority: Ass | ociate Director |  |  |  |\n|  |  |  |  | 2 |  |  |  |  |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 49, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "83a6da9a643cd6e8", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv | Page: 54\n\n| Disclaimers | to MA re | port: |  |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|---|\n| a) This Repor | t is prepa | red b | y CARE Rati | ngs Ltd (her | einafter referr | ed to as |  |  | ). The |\n| MA has take | n utmost | care | to ensure | accuracy and | objectivity w | hile developi | ng this Rep | ort b | ased on the |\n| information p | rovided b | y the | Issuer and | information | obtained from | sources beli | eved by it to | be | accurate and |\n| reliable. The | views and | opini | ons express | ed herein do | not constitute | the opinion o | f MA to deal | in a | ny security of |\n| the Issuer in | any mann | er wh | atsoever. |  |  |  |  |  |  |\n| b) This Repor | t has to be | seen | in its entire | ty; the select | ive review of p | ortions of the | Report may | lead | to inaccurate |\n| assessments. | For the p | urpos | e of this Re | port, MA has | relied upon th | e information | provided by | the | management |\n| /officials/ con | sultants o | f the | Issuer and | third-party s | ources like st | atutory audito | rs (or from | peer | reviewed CA |\n| firms) appoin | ted by the | Issu | er believed | by it to be ac | curate and re | liable. |  |  |  |\n| c) Nothing co | ntained in | this | Report is ca | pable or inte | nded to creat | e any legally | binding obli | gatio | ns on the MA |\n| which accepts | no respo | nsibil | ity, whatsoe | ver, for loss | or damage fr | om the use of | the said inf | orma | tion. The MA |\n| is also not re | sponsible f | or an | y errors in | transmission | and specifica | lly states that | it, or its dir | ector | s, employees |\n| do not have a | ny financi | al lia | bilities what | soever to the | users of this | Report. |  |  |  |\n| d) The MA an | d its affili | ates | do not act a | s a fiduciary. | The MA and | its affiliates a | lso do not a | ct as | an expert to |\n| the extent de | fined und | er Se | ction 2(38) | of the Comp | anies Act, 20 | 13. While the | MA has obt | aine | d information |\n| from sources | it believes | to b | e reliable, it | does not per | form an audit | and undertak | es no indepe | nde | nt verification |\n| of any inform | ation/ ce | rtifica | tions/ state | ments it rec | eives from a | uditors (or fr | om peer rev | iewe | d CA firms), |\n| lawyers, chart | ered engi | neers | or other ex | perts, and re | lies on in its r | eports. |  |  |  |\n| e) The MA or | its affiliate | s ma | y have othe | r commercia | l transactions | with the entit | y to which th | e re | port pertains. |\n| As an exampl | e, the MA | may | rate the iss | uer or any de | bt instrument | s / facilities is | sued or prop | osed | to be issued |\n| by the issuer | that is su | bject | matter of t | his report. T | he MA may re | ceive separat | e compensa | tion f | or its ratings |\n| and certain cr | edit-relate | d ana | lyses, norm | ally from issu | ers or underw | riters of the in | struments, f | acilit | ies, securities |\n| or from obligo | rs. |  |  |  |  |  |  |  |  |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 54, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "75ec01ca23507229", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv | Page: 55\n\n| S.N. 1 Bajaj Fina | N Name c nce Ltd. Baja | Rel ame of the coun ounterparty j Finserv Ltd. Paren | ationship of the terparty with the listed entity /subsidiary t | Type of related p Contribution to eq balance 319,366, each, opening bal 317,816,130 shar Proceeds for conv 1,550,000 warrant Preferential warra | arty tran uity (clos 130 shar ance es of ₹ 2 ersion of s nts appli | saction ing e of ₹ 2 each) cation | transaction audi No No | as appro t committ - t applicabl t applicabl | ved by the ee e e | reporti perio (H2 FY 8 | ng d 25) - 91.64 - | Ope Bala ( | ning nce (63.56) - 297.21) | Closing Balance (63.87) - - | deposits inv Nature of indebtness (loan/ issuance of debt/ any other etc.) | , advances estments Cost Te | or a nure | Nature (loan/ dvance/ inter- Interest corporate Rate (%) deposit/ investment) | investme Tenure (Days) | nts Secured/ unsecured | Pur which will be the recipie (en | pose for the fun utilised ultimate nt of fun d-usage) |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| 2 Bajaj Fina | Baja nce Ltd. Fina | j Housing Subsi nce Ltd. | diary | money received Secured non-conv debentures issued Inter-corporate de Interest accrued o deposits Business support Business support Investment in equ Fair value of ESO Loan portfolio - As Asset purchases Asset sales (open 31,408) Security deposit fo | ertible posits ac n Inter-c charges charges ity share P receive signed i ing balan r leased | cepted orporate received paid s d n ce ₹ | At applicabl At Written d (Maximum aggregatio At Written d (Maximum aggregation w | - 900 e rates on deposits 5 40 2000.00 25 5000 own value up to ₹ 2 n with ass own value up to ₹ 2 ith assets | respective of assets Crore in ets sales) of assets Crore in purchases) | 2,9 | - - 23.29 0.45 9.66 - 13.62 09.62 0.80 0.01 | ( ( 9, | 800.00) 550.00) (48.82) - - 121.43 - - - 0.00 | (800.00) (550.00) (69.78) - - 9,121.43 - - - 0.02 |  |  |  |  |  |  |  |  |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 55, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "721ad48e38fe7da4", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv | Page: 56\n\n| S.N. 3 Bajaj Fina | Name nce Ltd. | Name counte Bajaj Fina Securities | Rel of the coun rparty ncial Subsi Ltd. | ationship of the terparty with the listed entity /subsidiary diary | Type of related Investment in eq Fair value of ES Short term loan Short term loan received Interest receive loan given Dividend receiv | party transaction transac uity shares OP received given repayment d on short term ed | tion a audit Not Not Not Not Not Not | s approved by committee applicable applicable applicable applicable applicable applicable | the | reporti perio (H2 FY 11,5 11,0 | ng d 25) - 1.58 60.00 35.00 2.08 9.68 | Open Bala 1,0 | ing nce 70.38 - - - 0.42 - | Closing Balance 1,070.38 - 525.00 - - - | deposits inv Nature of indebtness (loan/ issuance of debt/ any other etc.) | , advances estments Cost Te | or a nure L | Nature (loan/ dvance/ inter- corporate deposit/ investment) oan | Interest Rate (%) 7.75% to u 8.07% m | investme Tenure (Days) p to 24 onths | nts Secured/ unsecured Unsecured | Purpos which the will be util the ulti recipient o (end-us General Bu purpose | e for funds ised by mate f funds age) siness |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| 4 Bajaj Fina | nce Ltd. | Bajaj Allian Insurance Ltd. | z Life Company Fellow | Subsidiary | Asset sales Sourcing commi Business suppo Business suppo Sourcing commi Brokerage and Depository servi Advance toward service charges Contribution to e (247,000 shares Secured non-co debentures issu Unsecured non- debentures issu Interest paid on debentures | ssion received rt charges received rt charges paid ssion paid allied charges paid ce charges paid s depository quity of ₹ 2 each) nvertible ed convertible ed non-convertible At applicab At Writt | Not Not Not Not Not Not Not Not le rate en do | applicable applicable applicable applicable applicable applicable applicable applicable - - 70 s on respective wn value of ass | NCDs ets | 2 | 0.03 - 0.32 0.86 0.08 0.17 0.84 - - - - 09.25 | (3 ( 2,4 | 0.16 0.10 - (0.17) - - - - (0.05) 50.00) 05.00) - | 0 .02 - - - (0.02) - - 0 .10 (0.05) (350.00) (2,405.00) - |  |  |  |  |  |  |  |  |  |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 56, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "b5e2c499064a080b", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv | Page: 58\n\n| S.N. 7 | Bajaj Fina | Name nce Ltd. | Name of t counterpa Bajaj Finserv Ltd. | he rty Health | Rel coun Fellow | ationship of the terparty with the listed entity /subsidiary Subsidiary | Type of related par Asset purchases Commission income | ty transaction | transaction aud At Written d (Maximum aggregatio | as approv it committ own value up to ₹ 10 n with asse 260 | ed by the ee of assets Crore in ts sales) | reporti perio (H2 FY | ng d 25) 0.07 80.97 | Ope Bala | ning Clo nce Bal - 16.55 | sing ance - 8 .17 | deposits inv Nature of indebtness (loan/ issuance of debt/ any other etc.) | , advances estments Cost Te | or nure | Nature (l advance/ corpor depos investm | oan/ inter- Int ate Rat it/ ent) | investme erest Tenure e (%) (Days) | nts Secured/ unsecured | Purpos which the will be util the ulti recipient o (end-us | e for funds ised by mate f funds age) |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n|  |  |  | Bajaj Finserv | Asset |  |  | Business support ch Services received Settlement of securi leased premises on lessor | arges paid ty deposit on behalf of |  | 1 3 2 |  |  | 0.42 0.87 1.79 |  | - - - | (0.46) (0.02) - |  |  |  |  |  |  |  |  |  |\n| 8 9 | Bajaj Fina Bajaj Fina | nce Ltd. nce Ltd. | Management Bajaj Finserv Ventures Ltd. | Ltd. | Fellow Fellow | Subsidiary Subsidiary | Business support ch Asset sales (openin 263) | arges received g balance ₹ | At Written d (Maximum aggregation At Written d | 1 own value up to ₹ 10 with assets own value | of assets Crore in purchases) of assets |  | 0.14 - |  | 0.05 (0.00) | - - |  |  |  |  |  |  |  |  |  |\n| 10 | Bajaj Fina | nce Ltd. | Snapwork Technologies Ltd. | Pvt. | Assoc | iate | Asset purchases Business support ch Business support ch Investment in equity Investment in Comp | arges received arges paid shares ulsorily | (Maximum aggregatio | up to ₹ 11 n with asse 25 2 - | Crore in ts sales) |  | 1.95 2.51 1.10 - |  | (5.05) 10.01 - 28.49 | (0.02) 6 .22 (1.18) 28.49 |  |  |  |  |  |  |  |  |  |\n| 11 | Bajaj Fina | nce Ltd. | Pennant Technologies Ltd. | Pvt. | Assoc | iate | Convertible Prefere (Deemed equity) Information technolo development charg Investment in equity Investment in Comp Convertible Prefere (Deemed equity) Inter-corporate depo Interest accrued on deposits | nce Shares gy design and es shares ulsorily nce Shares sits accepted Inter-corporate | At applicabl | - 30 - - 200 e rates on r Deposits | espective |  | - 16.53 - - - 1.61 |  | 64.25 (0.64) 113.75 153.72 (40.00) (0.17) | 64.25 - 113.75 153.72 (40.00) (1.62) |  |  |  |  |  |  |  |  |  |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 58, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "65eaab24ec749320", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv | Page: 59\n\n| 12 13 | Bajaj Fina Bajaj Fina | Name nce Ltd. nce Ltd. | Name of the counterparty Sanjiv Bajaj Rajeev Jain | Relationship counterparty listed en /subsidi Chairman Managing Dire 31 Mar 2025) | of the with the tity ary ctor (till | Short-term em Sitting fees Commissio Contribution t (467,688 shar Short-term em Remunera Share-based Equity shares stock option s | ployee n o equity es of ₹ ployee tion paymen issued cheme | benefits: 2 each) benefits: t pursuant to Amo | As As As unt | approved approved - approved Not App based on options | by the Boar by the Boar by the Boar licable exercise of vested | d d d stock | perio (H2 FY | d Openi 25) Balan 0.17 5.06 - ( 15.92 ( 17.66 40.52 | ng Clos ce Bala - - 0.09) 3.42) - - | ing nce - (4.55) (0.09) (7.08) - - | inv Nature of indebtness (loan/ issuance of debt/ any other etc.) | estments Cost Te | a nure | Nature (loan/ dvance/ inter- Interest corporate Rate (%) deposit/ investment) | Tenure (Days) | Secured/ unsecured | Pur which will be the recipie (en | pose for the fun utilised ultimate nt of fun d-usage) |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| 14 | Bajaj Fina | nce Ltd. | Anup Saha | Deputy Managi Director (till 31 2025) | ng Mar | Asset purcha Contribution t (169,950 shar Cashback giv ₹ 356) Short-term em Remunera Share-based Fixed deposit (transaction v | ses o equity es of ₹ en (tran ployee tion paymen accepte alue ₹ 2 | 2 each) saction value Maxi benefits: t d 5,000 ) | mu As | 0.6 - m upto ₹ 0. transa approved Not App 10 | 0 01 for Bajaj ctions by the Boar licable | wallet d |  | 0.50 - ( 0.00 10.26 ( 6.14 - ( | - 0.03) - 2.21) - 0.01) | - (0.03) - (9.19) - (0.01) |  |  |  |  |  |  |  |  |\n| 15 | Bajaj Fina | nce Ltd. | Rajiv Bajaj | Director |  | Interest accru (transaction v balance ₹ 10, ₹ 12,817) Cashback giv ₹ 6) Short-term em Sitting fees Commissio Contribution t | ed on fi alue ₹ 4 150 clo en (tran ployee n o equity | xed deposit ,659, opening at sing balance saction value Maxi benefits: (1,000 | app mu As As | licable rate depo m upto ₹ 0. transa approved approved | s on respec sits 01 for Bajaj ctions by the Boar by the Boar | tive wallet d d |  | 0.00 ( 0.00 0.03 0.28 | 0.00) - - - | (0.00) - - (0.25) |  |  |  |  |  |  |  |  |\n| 16 | Bajaj Fina | nce Ltd. | Anami N Roy | Director |  | shares of ₹ 2 balance ₹ 2,0 2,000) Short-term em Sitting fees | each) (o 00, clos ployee | pening ing balance ₹ benefits: | As | - approved | by the Boar | d |  | - ( 0.17 | 0.00) | (0.00) |  |  |  |  |  |  |  |  |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 59, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "57ca4ebaa40a17f6", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv | Page: 60\n\n| 17 18 | Bajaj Fina Bajaj Fina | Name nce Ltd. nce Ltd. | Name of the counterparty Dr. Naushad Forbes Pramit Jhaveri | Relationship counterparty listed en /subsidi Director Director | of the with the tity ary | Short-term emp Sitting fees Commission Short-term emp Sitting fees | loyee loyee | benefits: benefits: | As As As | audit co approved approved approved | mmittee by the Board by the Board by the Board | perio (H2 FY | d Openi 25) Balan 0.12 0.96 0.17 | ng ce - - | Clos Bala | ing nce - (0.86) | inv Nature of indebtness (loan/ issuance of debt/ any other etc.) | estments Cost Te | a nure | Nature (loan/ dvance/ inter- Interest corporate Rate (%) deposit/ investment) | Tenure (Days) | Secured/ unsecured | Pur which will be the recipie (en | pose for the fun utilised ultimate nt of fun d-usage) |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| 19 | Bajaj Fina | nce Ltd. | Radhika Haribhakti | Director |  | Commission Short-term emp Sitting fees | loyee | benefits: | As As | approved approved | by the Board by the Board |  | 1.28 0.11 | - - |  | - (1.15) |  |  |  |  |  |  |  |  |\n| 20 | Bajaj Fina | nce Ltd. | Dr. Arindam Bhattacharya | Director |  | Commission Short-term emp Sitting fees | loyee | benefits: | As As | approved approved | by the Board by the Board |  | 0.76 0.08 | - - - |  | (0.01) (0.68) - |  |  |  |  |  |  |  |  |\n| 21 | Bajaj Fina | nce Ltd. | Tarun Bajaj | Director (w.e.f. 2024) | 1 Aug | Commission Contribution to of ₹ 2 each) (op closing balance Short-term emp | equity ening ₹ 1,4 loyee | (724 shares balance ₹ 48) benefits: | As | approved - | by the Board |  | 0.56 - ( | - 0.00) |  | (0.50) (0.00) |  |  |  |  |  |  |  |  |\n| 22 | Bajaj Fina | nce Ltd. | Ajay Kumar Choudhary | Director (w.e.f. 2025) | 1 Feb | Sitting fees Commission Short-term e | mploy | ee benefits: | As As | approved approved | by the Board by the Board |  | 0.04 0.20 | - - |  | - (0.18) |  |  |  |  |  |  |  |  |\n| 23 | Bajaj Fina | nce Ltd. | Sandeep Jain | Chief Financial Chief Operatin | Officer & g Officer | Sitting fees Commission Short-term emp Remunerati | loyee on | benefits: | As As As | approved approved approved | by the Board by the Board by the Board |  | 0.01 0.04 5.11 ( | - - 1.35) |  | - (0.04) (2.62) |  |  |  |  |  |  |  |  |\n| 24 | Bajaj Fina | nce Ltd. | Vijay R | Company Secr | etary | Share-based p Contribution to 94,211, closing 2 each) Short-term emp Remunerati Share-based p Equity shares i | aymen equity 91,21 loyee on aymen ssued | t (opening 1 shares of ₹ benefits: t pursuant to Amo | As unt | Not app - approved Not app based on | licable by the Board licable exercise of stock |  | 2.19 - ( 1.50 ( 0.40 0.09 | - 0.02) 0.25) - |  | - (0.02) (0.94) - |  |  |  |  |  |  |  |  |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 60, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "50871ffe1877bb7a", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv | Page: 61\n\n| S.N. | Bajaj Fina | Name nce Ltd. | Name of the counterparty Archana Jain | Relationshi counterparty listed en /subsidi Spouse of Raj Managing Dire | p of the with the tity ary eev Jain, ctor of | Type of related part Asset purchases | y transaction | transaction audi | as appro t committ 0.4 | ved by the ee | reporti perio (H2 FY | ng d 25) 0.31 | Open Bala | ing Clo nce Bal | sing ance - | deposits inv Nature of indebtness (loan/ issuance of debt/ any other etc.) | , advances estments Cost Te | or a nure | Nature (loan/ dvance/ inter- Interest corporate Rate (%) deposit/ investment) | investme Tenure (Days) | nts Secured/ unsecured | Pur which will be the recipie (en | pose for the fun utilised ultimate nt of fun d-usage) |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| 25 26 | Bajaj Fina | nce Ltd. | S Sreenivasan | the Company Chief Financia of Parent (till 3 2025) | l Officer 1 Jan | Fixed deposits accep | ted |  | 10 |  |  | - |  | - (0.50) | - |  |  |  |  |  |  |  |  |\n| 27 | Bajaj Fina | nce Ltd. | Uma Shende | Company Sec Parent | retary of | Interest accrued on fi Loan given Loan repayment rece Interest Income (trans | xed deposits ived action value | at applicabl No | e rates on deposits 5 t applicabl | respective e |  | 0.02 - 0.01 |  | (0.05) 0.01 - | - - - |  |  |  |  |  |  |  |  |\n| 28 | Bajaj Fina | nce Ltd. | Atul Jain | Managing Dire Bajaj Housing Ltd. | ctor of Finance | ₹ 989 , opening balan Contribution to equity shares of ₹ 2 each, o closing balance ₹ 180 Equity shares issued stock option scheme Fixed deposits accep Fixed deposits repaid | ce ₹ 627) (90 equity pening and ) pursuant to ted | As per the ter Amount base opt No | ms of loan - d on exerc ions veste 10 t Applicabl | sanctioned ise of stock d e |  | 0.00 - 5.22 - - |  | 0.00 (0.00) - (2.32) - | - (0.00) - (2.32) - |  |  |  |  |  |  |  |  |\n| 29 | Bajaj Fina | nce Ltd. | Gaurav Kalani | Chief Financia of Bajaj Housin Finance Ltd. | l Officer g | Interest accrued on fi Contribution to equity 31,100, closing 31,35 shares of ₹ 2 each) Equity shares issued stock option scheme | xed deposits (opening 3 equity pursuant to | at applicabl Amount base opt | e rates on deposits - d on exerc ions veste | respective ise of stock d |  | 0.10 - 0.36 |  | (0.19) (0.01) - | (0.29) (0.01) - |  |  |  |  |  |  |  |  |\n| 30 | Bajaj Fina | nce Ltd. | Punyachi Jain | Daughter of At Managing Dire Bajaj Housing | ul Jain, ctor of Finance | Contribution to equity 5,100 closing 3,600 e of ₹ 2 each) (opening 10,200 and closing b 7,200) Short-term employee | (opening quity shares balance ₹ alance ₹ benefits: |  | - |  |  | - |  | (0.00) | (0.00) |  |  |  |  |  |  |  |  |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 61, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "8974ff40e99795fa", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv | Page: 62\n\n| 31 32 | Bajaj Fina Bajaj Fina | Name nce Ltd. nce Ltd. | Name of the counterparty Bheemasena Subbannagari Manish Jain | counterpa liste /sub Brother of Narasimha Director of Housing Fi (w.e.f. 1 Au Managing Bajaj Finan Securities | rty with d entity sidiary S M Swamy Bajaj nance Lt g 2024) Director o cial Ltd. | the d. f | Loan Given (op 26,910, closing Loan repaymen (transaction val Short-term emp Remuneratio Share-based pa | ening bala balance ₹ t received ue ₹ 17,94 loyee bene n yment | nce ₹ 8,970) 0) fits: | Not ap As approved Not ap | 5 plicable by the Board plicable | (H2 FY | Openi 25) Balan - 0.00 6.46 ( 3.12 | ng Clos ce Bala 0.00 - 1.10) - | ing nce 0 .00 - (4.24) - | Nature of indebtness (loan/ issuance of debt/ any other etc.) | Cost Te | a nure | Nature (loan/ dvance/ inter- Interest corporate Rate (%) deposit/ investment) | Tenure (Days) | Secured/ unsecured | Pur which will be the recipie (en | pose for the fun utilised ultimate nt of fun d-usage) |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| 33 | Bajaj Fina | nce Ltd. | Babu Rao Priya | Director of Financial S (till 31 Jul 2 | Bajaj ecurities 024) | Ltd. | Equity shares is stock option sch Fixed deposits a Interest accrued Short-term emp | sued purs eme ccepted on fixed d loyee bene | uant to Am at eposits fits: | ount based o option applicable ra dep | n exercise of stock s vested 10 tes on respective osits |  | 3.57 - ( 0.01 ( | - 0.25) 0.04) | - (0.25) (0.05) |  |  |  |  |  |  |  |  |\n|  | Bajaj Fina | nce Ltd. | Rakesh Bhatt | Director of Financial S | Bajaj ecurities | Ltd. | Remuneratio Interest accrued Consultancy ch | n on fixed d arges paid | eposits | As approved | by the Board 5 1 |  | - ( - 0.48 | 0.44) - | (0.44) - |  |  |  |  |  |  |  |  |\n| 34 |  |  |  | (w.e.f. 1 Au | g 2024) |  | Contribution to and closing 379 | equity (ope equity sha | ning 307 res of ₹ |  | - |  | - | - | (0.52) |  |  |  |  |  |  |  |  |\n| 35 | Bajaj Fina | nce Ltd. | Pratik Jasani | Chief Finan of Bajaj Fin Securities | cial Offic ancial Ltd. (w.e.f | er . 20 | 2 each) (openin closing balance Share-based pa | g balance ₹ 758) yment | ₹ 614, | Not ap | plicable |  | ( 0.33 | 0.00) - | (0.00) - |  |  |  |  |  |  |  |  |\n| 36 | Bajaj Fina | nce Ltd. | Ravikumar Dugar | Jul 2024) Company Bajaj Finan Securities | Secretary cial Ltd. | of | Contribution to shares of ₹ 2 ea closing balance Short-term emp | equity (5 e ch) (openi ₹ 10) loyee bene | quity ng and fits: |  | - |  | - ( | 0.00) | (0.00) |  |  |  |  |  |  |  |  |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 62, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "9fcd29d3c172efd2", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv | Page: 63\n\n| S.N. 37 Bajaj Fina | Name nce Ltd. | Name of the counterparty Bajaj Auto Ltd. | Relationshi counterparty listed en /subsidi Entity in which Management P and their relativ significant influ | p of the with the tity ary Key ersonnel es have ence | Type of related Investment in e (opening balan balance ₹ 7,68 Inter-corporate Interest accrue deposits Security deposi premises Business suppo | party tran quity share ce ₹ 7,685, 5) deposits ac d on Inter-c t for leased rt charges | saction s closing cepted orporate paid | trans At ap | action aud plicabl | as approv it committe - 520 e rates on re Deposits - 30 | ed by the e spective | reporti perio (H2 FY | ng d Openi 25) Balan - - (28 11.38 ( - 13.44 | ng ce 0.00 0.00) 3.60) 0.21 - | Closin Balan 0 (280 (13 0 | g ce .00 .00) .84) .21 - | deposits inv Nature of indebtness (loan/ issuance of debt/ any other etc.) | , advances estments Cost Te | or nure | Nature (l advance/ corpor depos investm | oan/ inter- Int ate Rat it/ ent) | investmen erest Tenure e (%) (Days) | ts Secured/ unsecured | Purpos which the will be util the ulti recipient o (end-us | e for funds ised by mate f funds age) |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| 38 Bajaj Fina | nce Ltd. | Bajaj Auto Technology Ltd. (Formerly known as Chetak Technology Ltd) | Entity in which Management P and their relativ significant influ | Key ersonnel es have ence | Rent and maint Finance lease g Finance lease r Interest income Advance given related transact Receipt of repa advance given Lease manage Inter-corporate Inter-corporate Interest accrue deposits Finance lease g | enance exp iven epayment r on finance towards lea ions yment towa ment charg deposits ac deposits re d on Inter-c iven | enses eceived lease A se A rds es cepted paid orporate | s per s per At ap | No the ter the ter No plicabl | 3 30 t applicable ms of lease ms of lease t applicable 5 - e rates on re Deposits | agreement agreement 330.00 spective 10.00 | 2 | 0.85 6.62 0.77 0.30 1.43 0.17 0.04 43.50 20.00 8.06 0.40 | - 2.14 - - 0.52 - - - - - - | 8 1 (223 (6 0 | - .29 - - .77 - - .50) - .80) .39 |  |  |  | Loan Advance Loan | 10.2 10.50 Not appli 10.2 | 5% to up to 60 % month up to 60 cable month 5% to up to 60 | Secured Unsecured Secured | General B purpose General B purpose General B | usiness usiness usiness |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 63, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "3982ad2bfbb4f1c1", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv | Page: 64\n\n| S.N. 39 | Bajaj Fina | Name nce Ltd. | Name of the counterparty Bajaj Auto Credit Ltd. | Relationshi counterparty listed en /subsidi Entity in which Management P and their relativ significant influ | p of the with the tity ary Key ersonnel es have ence | Type of related pa Asset sales (openin 793) Finance lease give Finance lease repa (transaction value ₹ | rty transaction tr A g balance ₹ ag n yment received 19,048) | ansaction as audit c t Written dow (Maximum up gregation with Not a | approv ommitt n value to ₹ 10 assets 10 pplicabl | ed by the ee of assets Crore in purchases) e | reporti perio (H2 FY | ng d Openi 25) Balan 1.65 ( 0.34 0.00 | ng ce 0.00) - - | Closin Balan (0 0 | g ce .11) .34 - | deposits inv Nature of indebtness (loan/ issuance of debt/ any other etc.) | , advances estments Cost Te | or nure | Nature (l advance/ corpor depos investm Loan | oan/ inter- Int ate Rat it/ ent) 10.2 10.50 | investme erest Tenure e (%) (Days) 5% to up to 60 % month | nts Secured/ unsecured Secured | Purpos which the will be util the ulti recipient o (end-us General B purpose | e for funds ised by mate f funds age) usiness |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| 40 | Bajaj Fina | nce Ltd. | Bajaj Holdings & Investments Ltd. | Entity in which Management P and their relativ significant influ | Key ersonnel es have ence | Interest income on (transaction value ₹ Advance given tow related transactions Receipt of repayme advance given (transaction value ₹ Lease managemen received (transaction value ₹ Investment in equit (opening balance ₹ balance ₹ 19,646) | finance lease As 31,232) ards lease As nt towards 3,869 ) t charges 1,363) y shares 19,646, closing | per the terms per the terms | of lease of lease - 3 - | agreement agreement |  | 0.00 0.08 0.00 0.00 - | - - - - 0.00 | 0 0 | - .08 - - .00 |  |  |  | Advance | Not appli | up to 60 cable month | Unsecured | General B purpose | usiness |\n|  | Bajaj Fina | nce Ltd. | Hind Musafir | Entity in which Management P | Key ersonnel | Security deposit for premises Dividend received (transaction value ₹ Business support c Rent and maintena Services received | leased Valu 4,875) harges paid nce expenses | e is dependen | 2 t on the 50 6 55 | counterparty |  | - 0.00 11.58 0.96 22.48 | 0.70 - - - | 0 | .70 - - - |  |  |  |  |  |  |  |  |  |\n| 41 42 | Bajaj Fina | nce Ltd. | Agency Ltd. Bajaj Electricals Ltd. | and their relativ significant influ Entity in which Management P and their relativ significant influ | es have ence Key ersonnel es have ence | Inter-corporate dep | osits accepted | 3 | 40 |  |  | ( 20.00 (16 | 0.03) 3.00) | (0 (183 | .04) .00) |  |  |  |  |  |  |  |  |  |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 64, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "b6243697f2081e35", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv | Page: 65\n\n| 43 | Bajaj Fina Bajaj Fina | Name nce Ltd. nce Ltd. | Name of the counterparty Bajel Projects Ltd. Jamnalal Sons Pvt. | counterparty listed en /subsidi Entity in which Management P and their relativ significant influ Entity in which Management P | with the tity ary Key ersonnel es have ence Key ersonnel | Loan Given Loan Repayme Interest income Processing fee Contribution to | nt received on loan given A s received A equity | s per s per | No the ter the ter | 110 t applicable ms of Loan ms of Loan - | sanctioned sanctioned | (H2 F | Y25) 96.0 148.0 4. 0. | 0 0 84 06 - | Opening Balance 73.00 - 0.61 - | C B | losing alance 2 1.00 - 0 .66 - (0.03) | Nature of indebtness (loan/ issuance of debt/ any other etc.) | Cost Te | a nure L | Nature (loan/ dvance/ inter- Interest corporate Rate (%) deposit/ investment) oan 10% 1 | Tenure (Days) 2 Month | Secured/ unsecured Unsecured | Purpose fo which the fun will be utilised the ultimate recipient of fu (end-usage Working capital/General business purpo |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| 44 45 | Bajaj Fina | nce Ltd. | Ltd. Maharashtra Scooters Ltd. | and their relativ significant influ Entity in which Management P and their relativ | es have ence Key ersonnel es have | (127,640 share Contribution to (18,974,660 sh | s of ₹ 2 each) equity ares of ₹ 2 each) |  |  | - |  |  |  | - | (0.03) (3.79) |  | (3.79) |  |  |  |  |  |  |  |\n| 46 | Bajaj Fina | nce Ltd. | Phonepe Private Ltd. | significant influ Entity in which Management P and their relativ significant influ (w.e.f. 1 Aug 2 | ence Key ersonnel es have ence 024) | Secured non-c debentures iss Inter-corporate | onvertible ued deposits accepted |  |  | - 950 |  |  | 150.0 | - 0 | (150.00) ( 1,280.90) | ( | 150.00) (423.00) |  |  |  |  |  |  |  |\n|  | Bajaj Fina | nce Ltd. | Bachhraj Factories | Entity in which Management P | Key ersonnel | Inter-corporate Interest accrue deposits Marketing and expenses Contribution to | deposits repaid d on Inter-corporate advertising equity | At ap | No plicabl | t applicable e rates on r deposits 20 - | espective | 1 | ,007.9 33.9 1. | 0 3 33 - | - (38.94) - |  | - (13.51) - |  |  |  |  |  |  |  |\n| 47 | Bajaj Fina | nce Ltd. | Pvt. Ltd. Baroda Industries | and their relativ significant influ Entity in which Management P | es have ence Key ersonnel | (72,000 shares Contribution to | of ₹ 2 each) equity |  |  | - |  |  |  | - | (0.01) |  | (0.01) |  |  |  |  |  |  |  |\n| 48 | Bajaj Fina | nce Ltd. | Pvt. Ltd. Bajaj Sevashram | and their relativ significant influ Entity in which Management P | es have ence Key ersonnel | (117,600 share Contribution to | s of ₹ 2 each) equity |  |  | - |  |  |  | - | (0.02) |  | (0.02) |  |  |  |  |  |  |  |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 65, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "b765b6cd2ec9f3f2", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv | Page: 66\n\n| 50 51 | Bajaj Bajaj | Nam Finance Finance | e Ltd. Ltd. | Name of the counterparty Pratham Education Foundation Bajaj Auto Ltd. Provident Fund | Relationsh counterpart listed e /subsid Entity in which Management and their relat significant infl Post employm benefit plans | ip of the y with the ntity iary Key Personnel ives have uence ent | Corporate Socia expenses Unsecured non- debentures issu | l Responsibility convertible ed | au | dit c | om 5 - | mittee | perio (H2 FY | d Openi 25) Balan 1.59 - (2 | ng ce - 5.00) | Closing Balance - (25.00) | inv Nature of indebtness (loan/ issuance of debt/ any other etc.) | estments Cost Te | a nure | Nature (loan/ dvance/ inter- Interest corporate Rate (%) deposit/ investment) | Tenure (Days) | Secured/ unsecured | Pur which will be the recipie (en | pose for the fun utilised ultimate nt of fun d-usage) |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n|  | Bajaj | Finance | Ltd. | Bajaj Auto Employees | Post employm | ent | Interest paid on debentures Superannuation | non-convertible At contribution | applicable Actual a | rates moun | on t of | respective NCDs contribution |  | 0.89 0.15 | - | - |  |  |  |  |  |  |  |  |\n| 52 |  |  |  | Superannuation Fund Bajaj Auto | benefit plans Post employm | ent |  |  |  |  |  |  |  |  | - | - |  |  |  |  |  |  |  |  |\n| 53 54 | Bajaj Bajaj Bajaj | Finance Finance Housing | Ltd. Ltd. Finance | Employees Group Gratuity Fund Bajaj Auto Senior Staff Group Gratuity Fund | benefit plans Post employm benefit plans | ent | Gratuity contribu Gratuity contribu Secured non-co | tion tion nvertible | Actual a Actual a | moun moun | t of t of | contribution contribution |  | 16.00 11.50 | - - | - - |  |  |  |  |  |  |  |  |\n| 55 | Ltd. Bajaj | Housing | Finance | Bajaj Finserv Ltd. Bajaj Financial | Ultimate Pare | nt | debentures issu Interest paid on debentures Business suppo Company's cont | ed non-convertible At rt charges paid ribution towards | applicable | rates | - on 4 | respective NCDs |  | - (20 15.85 0.68 | 0.00) - - | (200.00) - - |  |  |  |  |  |  |  |  |\n| 56 57 | Ltd. Bajaj Ltd. | Housing | Finance | Securities Ltd. Bajaj Finserv Direct Ltd. | Fellow Subsid Subsidiary of Parent | iary Ultimate | NPS Business suppo commission pai | rt fees and d |  |  | 3 6 |  |  | 0.92 1.30 | - - | - (0.13) |  |  |  |  |  |  |  |  |\n|  | Bajaj | Housing | Finance | Bajaj Finserv Health | Subsidiary of | Ultimate | Software develo paid | pment charges |  |  | 2 |  |  | 0.37 | - | - |  |  |  |  |  |  |  |  |\n| 58 59 | Ltd. Bajaj Ltd. | Housing | Finance | Ltd. Bajaj Allianz General Insurance Company Ltd. | Parent Subsidiary of Parent | Ultimate | Fees and comm Secured non-co debentures issu | ission received nvertible ed |  | 1 | 20 - |  |  | 0.70 - (60 | 1.88 0.00) | - (600.00) |  |  |  |  |  |  |  |  |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 66, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "4b284528f3ddcdf1", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv | Page: 67\n\n| 60 61 | Bajaj Hou Ltd. Bajaj Hou Ltd. | sing Finance sing Finance | Bajaj Allianz Life Insurance Company Ltd. Snapwork Technologies Pvt. Ltd. | /subsi Subsidiary of Parent Associate of | diary Ultimate Parent | Unsecured no debentures iss Secured non-c debentures iss Interest paid o debentures Advance towar Insurance exp Commission in Marketing, Bra service charge Information tec development c | n-conve ued onverti ued n non-c ds insu ense come nding a s recei hnolog harges | rtible ble onvertible rance nd allied ved y design and | - - - - 2 55 10 3 |  |  | 2 | 17.00 ( 1,08 - (15 84.81 - 0.83 13.84 2.71 0.35 | 5.00) 0.00) - 0.48 - 0.64 - - | (1,302.00) (150.00) - 0.35 - 2.27 0.38 - | indebtness (loan/ issuance of debt/ any other etc.) | Cost Te | a nure | dvance/ inter- Interest corporate Rate (%) deposit/ investment) | Tenure (Days) | Secured/ unsecured | which will be the recipie (en | the fun utilised ultimate nt of fun d-usage) |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| 62 | Bajaj Hou Ltd. | sing Finance | Pennant technologies Pvt. Ltd. | Associate of | Parent | Information tec usage charges Information tec development c | hnolog paid hnolog harges | y support and y design and | 2 15 |  |  |  | 0.14 5.15 | - - | - - |  |  |  |  |  |  |  |  |\n| 63 | Bajaj Hou Ltd. | sing Finance | Sanjiv Bajaj | Chairman |  | Information tec usage charges Short-term em | hnolog paid ployee | y support and benefits: | 5 |  |  |  | 1.00 | - | - |  |  |  |  |  |  |  |  |\n| 64 | Bajaj Hou Ltd. | sing Finance | Rajeev Jain | Vice Chairm | an | Sitting fees Commissio Short-term em | n ployee | benefits: | As approved As approved | by the by the | Board Board |  | 0.08 0.38 | - - | - (0.34) |  |  |  |  |  |  |  |  |\n| 65 | Bajaj Hou Ltd. | sing Finance | Atul Jain | Managing Di | rector | Sitting fees Director) Commissio Short-term em Remunerati Share-based p Contribution to | (As no n ployee on aymen equity | n-executive benefits: t (7,276 | As approved As approved As approved Not app | by the by the by the licable | Board Board Board |  | 0.15 0.66 18.07 ( 5.33 | - - 1.93) - | - (0.59) (9.87) - |  |  |  |  |  |  |  |  |\n| 66 67 | Bajaj Hou Ltd. Bajaj Hou Ltd. | sing Finance sing Finance | Anami N Roy Dr. Arindam Bhattacharya | Director Director |  | shares of ₹ 10 Short-term em Sitting fees Commissio Short-term em | each) ployee n ployee | as benefits: benefits: | approved in in As approved As approved | itial p by the by the | ublic offer Board Board |  | - ( 0.12 0.54 | 0.01) - - | (0.01) - (0.49) |  |  |  |  |  |  |  |  |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 67, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "5084a5680cfb248e", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv | Page: 68\n\n| 68 69 | Bajaj Hou Ltd. Bajaj Hou Ltd. | Name sing Finance sing Finance | Name of counterp Jasmine Aris Chaney S M Narasim Swamy | the arty h ha | Relation counterp liste /sub Director Director w 2024 | ship of the arty with the d entity sidiary .e.f 1 Aug | Short-term em Sitting fees Commissio Short-term em | ployee b n ployee b | enefits: enefits: | audit As approv As approv | committee ed by the Boa ed by the Boa | rd rd | period (H2 FY2 | Openin 5) Balanc 0.11 0.52 | g Clos e Bala - - | ing nce - (0.47) | inv Nature of indebtness (loan/ issuance of debt/ any other etc.) | estments Cost Te | a nure | Nature (loan/ dvance/ inter- Interest corporate Rate (%) deposit/ investment) | Tenure (Days) | Secured/ unsecured | Pur which will be the recipie (en | pose for the fun utilised ultimate nt of fun d-usage) |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| 70 | Bajaj Hou Ltd. | sing Finance | Gaurav Kala | ni | Chief Fina | ncial Officer | Sitting fees Commissio Short-term em Remunera | n ployee b tion | enefits: | As approv As approv As approv | ed by the Boa ed by the Boa ed by the Boa | rd rd rd |  | 0.08 0.22 2.44 (0 | - - .23) | - (0.20) (1.16) |  |  |  |  |  |  |  |  |\n| 71 | Bajaj Hou Ltd. | sing Finance | Atul Patni |  | Company | Secretary | Share-based Contribution t shares of ₹ 1 Short-term em Remunera | payment o equity ( 0 each) ployee b tion | 7,276 a enefits: | Not s approved As approv | applicable in initial public ed by the Boa | offer rd |  | 0.43 - (0 0.27 (0 | - .01) .09) | - (0.01) (0.13) |  |  |  |  |  |  |  |  |\n| 72 | Bajaj Hou Ltd. | sing Finance | Ramandeep Sahni | Singh | Chief Fina of ultimate company February 2 | ncial Officer Holding w.e.f. 1 025 | Share-based Contribution t shares of ₹ 1 Loan given | payment o equity ( 0 each) | 7,276 a | Not s approved | applicable in initial public - | offer |  | 0.06 - (0 - | - .01) - | - (0.01) 3.27 |  |  |  |  |  |  |  |  |\n|  | Bajaj Hou | sing Finance |  |  | Director of | ultimate | Loan repaym Interest Incom Contribution t of ₹ 10 each) 2,140) Contribution t | ent receiv e o equity ( (closing o equity ( | ed 214 shares balance ₹ 2,000 | Not At appli | applicable cable on loan - |  |  | 0.52 0.05 - | - - - | - - (0.00) |  |  |  |  |  |  |  |  |\n| 73 | Ltd. Bajaj Hou | sing Finance | Sanjiv Sahai S Sreenivas | an | parent co 1 Mar 202 Chief Fina of ultimate | mpany (w.e.f. 5) ncial Officer parent | shares of ₹ 1 balance ₹ 20, Contribution t 2,996 equity s | 0 each) (c 000) o equity ( hares of | losing opening ₹10 each) a | s approved | - in initial public | offer |  | - | - | (0.00) - |  |  |  |  |  |  |  |  |\n| 74 | Ltd. Bajaj Hou | sing Finance | Radhika Har | ibhakti | company (till 31 Jan Director of | 2025) parent | (opening bala Contribution t of ₹ 10 each) | nce ₹ 29, o equity ( (transact | 960) 214 shares ion value ₹ a | s approved | in initial public | offer |  | - (0 | .00) | (0.00) |  |  |  |  |  |  |  |  |\n| 75 | Ltd. Bajaj Hou | sing Finance |  |  | Chief Fina | ncial Officer & | 14,980, openi outstanding b Contribution t | ng balan alance ₹ o equity ( | ce and 2,140) 7,062 |  |  |  |  | - (0 | .00) |  |  |  |  |  |  |  |  |  |\n| 76 | Ltd. Bajaj Hou | sing Finance | Sandeep Jai | n | Chief Ope of parent Company | rating Officer Secretary of | shares of ₹ 1 Contribution t | 0 each) o equity ( | a 7,062 | s approved | in initial public | offer |  | - (0 | .01) | (0.01) |  |  |  |  |  |  |  |  |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 68, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "f116c3f20cafb4c8", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv | Page: 69\n\n| S.N. 78 | Bajaj Ltd. | Name Housing | Finance | Name of counterp Bajaj Auto Lt | the arty d. | Relationsh counterpart listed e /subsid Entity in which Management and their relat | ip of the y with the ntity iary Key Personnel ives have | Type of related p Security deposit fo premises | arty tran r leased | saction transac As | tion a audit per le | s approved by the committee ase agreement | reporti perio (H2 FY | ng d 25) - | Ope Bala | ning nce 0.03 | Closing Balance 0.03 | deposits inv Nature of indebtness (loan/ issuance of debt/ any other etc.) | , advances estments Cost Te | or a nure | Nature (loan/ dvance/ inter- Interest corporate Rate (%) deposit/ investment) | investme Tenure (Days) | nts Secured/ unsecured | Pur which will be the recipie (en | pose for the fun utilised ultimate nt of fun d-usage) |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n|  | Bajaj | Housing | Finance | Bajaj Holding | s & | significant infl Entity in which Management | uence Key Personnel | Rent and mainten Business support Business support | ance exp charges charges | enses paid paid |  | 0.10 3 3 |  | 0.03 1.15 0.86 |  | - - | - - - |  |  |  |  |  |  |  |  |\n| 79 | Ltd. Bajaj | Housing | Finance | Investments Maharashtra | Ltd. | and their relat significant infl Entity in which Management | ives have uence Key Personnel | Secured non-conv | ertible |  |  | - |  | - |  | - | (50.00) |  |  |  |  |  |  |  |  |\n| 80 | Ltd. Bajaj | Housing | Finance | Scooters Ltd. Hind Musafir |  | and their relat significant infl Entity in which Management | ives have uence Key Personnel | debentures issued Services received |  |  |  | 8 |  | 1.95 |  | (50.00) | - |  |  |  |  |  |  |  |  |\n| 81 | Ltd. Bajaj | Housing | Finance | Agency Ltd. Bajaj Allianz Staffing Solut | ions | and their relat significant infl Entity in which Management | ives have uence Key Personnel | Manpower supply | services |  |  | 110 |  | 58.79 |  | - | - |  |  |  |  |  |  |  |  |\n| 82 | Ltd. Bajaj | Financial | Securities | Ltd. |  | and their relat significant infl | ives have uence |  |  |  |  |  |  |  |  | - |  |  |  |  |  |  |  |  |  |\n| 83 | Ltd. Bajaj | Financial | Securities | Bajaj Finserv Bajaj Allianz | Ltd. | Ultimate Pare Subsidiary of | nt Ultimate | Business support | charges | paid | Not | applicable |  | 0.10 |  | - | - |  |  |  |  |  |  |  |  |\n| 84 85 | Ltd. Bajaj Ltd. | Financial | Securities | General Insur Company Ltd Bajaj Allianz Insurance Co Ltd. | ance . Life mpany | Parent Subsidiary of Parent | Ultimate | Insurance expens Insurance expens | es es |  | Not Not | applicable applicable |  | - 0.34 |  | - - | 1.39 0 .12 |  |  |  |  |  |  |  |  |\n| 86 | Bajaj Ltd. Bajaj | Financial Financial | Securities Securities | Bajaj Finserv Ltd. Bajaj Finserv | Direct Health | Subsidiary of Parent Subsidiary of | Ultimate Ultimate | IT Support charge Sourcing Commis Staff welfare expe | s sion Paid nse (tran | saction | Not Not | applicable applicable |  | 0.44 0.02 |  | - (0.03) | (0.15) (0.01) |  |  |  |  |  |  |  |  |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 69, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "305142b01b69bdee", "content": "[TABLE] Company: BAJAJ | Year: FY2025 | Section: atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv | Page: 71\n\n| S.N. 1 | transa Nam Bajaj Finance Lt | ction e d. | Name of counterp All Related Par | the arty ty | Relationsh li Relatives of k | ip of the count sted entity /sub ey management | erparty with the sidiary personnel (KMP | Type of re ) Fixed dep Fixed dep Interest ac Contributio | lated party transact osit accepted osit repaid crued on fixed depos n to equity | ion it |  | Maxi | Value o transactio au mum upto ₹ 1 N At applicab | f the related pa n as approved dit committee 0 crore for eac ot applicable le rates on resp deposits | rty by the h related party ective | transaction during the reporting period (H2 FY25) O 1 .48 0 .50 0 .79 | peni Balan ( | ng ce 17.59) - ( 1.51) | Closi Balan ( | ng ce 20.09) - ( 2.01) |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| 2 3 | Bajaj Finance Lt | d. | All Related Par All Related Par | ty ty | Promoter gro | up and relatives | of promoter grou | (opening 2 each) Contributio p (193,015 s Contributio | 36,454, closing 223, n to equity hares of ₹ 2 each) n to equity | 257 equity sh | ares of ₹ 2 |  |  | - - - |  | - - - |  | ( 0.05) ( 0.04) ( 0.03) |  | ( 0.04) ( 0.04) ( 0.03) |\n| tes:- 1 2 3 4 5 6 7 8 9 10 11 | Bajaj Housing Fi Transaction valu Amount in brack Transactions pa Related parties h During the half y i.e. after deducti 13.32 crore) tow In Sep 24, the C equity shares we During the half y transaction amo \"0.00\" represent Non-convertible All transactions Details of comm | nance Ltd. es (TV) are exc et denotes cred ssed through C ave been ident ear, Bajaj Finan on of these cha ards such sale t ompany’s subsi re listed on sto ear, Bajaj Finan unts to ₹ 0.06 cr s the amount be debentures (NC are in the ordina itment given to | luding taxes an it balance. ompany’s books ified based on r cial Securities rges which are ransaction on b diary, namely B ck exchanges o cial Securities ore as on 31 M low ₹ 50,000. Ds) transaction ry course of bu related parties a | d duties. of accounts epresentatio Ltd. (Bfinsec ultimately bo ehalf of loan HFL, has su n 16 Septem Ltd. has rece ar 2025 from s include on siness and o s below - | Relatives of k , where comp ns made by K ) has charged rne by its cust against shar ccessfully con ber 2024. Co ived Broking 31 related p ly issuance fr n arms' lengt | ey management any is acting as ey Managemen brokerage and omers. The Co es customers ha cluded its Initia nsequently, the and other charg arties (opening b om primary mar h basis. | personnel (KMP an intermediary, t Personnel and other transaction mpany does not r s been shown a l Public Offer (IP Company's shar es including inte alance ₹ 249.66 ket, and outstand | ) (opening 2 are not in the information av charges amo ecognise thes s payable to c O) of ₹ 6,560 eholding in BH rest on margin crore from 40 ing balance is | 6,680, closing 28,65 nature of related par ailable with the Com unting to ₹ 3.41 crore e customer related c ustomers. crore. This included i FL reduced from 100 trade funding with re related parties). balances of NCDs h | 0 shares of ₹ ty transactio pany. related to s harges in its ssuance of n % to 88.75% spect to purc eld by relate | 10 each) n and hence ale of securi statement of ew equity sh . The relate hase and s d parties as | not disclos ties on beha profit and l ares amoun d party tran ale of securi on reporting | ed. lf of the Com oss. Amount ting to ₹ 3,56 sactions men ties amountin date. | pany’s loan ag receivable from 0 crore and an tioned above w g to ₹ 0.20 cror | ainst securities cus BFinsec as on 31 offer for sale by th ere executed after e from 47 related | tomers. The Compan Mar 2025 is ₹ 17.82 e Company amountin BHFL’s listing. parties. Net amount p | y rec crore g to ₹ ayabl | eives net (opening 3,000 cr e towards | sale va balanc ore. BH such | lue e ₹ FL |\n| S.N. 1 2 3 4 5 6 7 | Name of the list subsidiary ente transaction Bajaj Finance Lt Bajaj Finance Lt Bajaj Finance Lt Bajaj Finance Lt Bajaj Finance Lt Bajaj Finance Lt Bajaj Finance Lt | ed entity/ ring into the d. d. d. d. d. d. d. | Name of the counterparty Bajaj Housing F Ltd. Bajaj Financial Ltd. Bajaj Finserv D Bajaj Allianz Ge Insurance Com Snapwork Tech Pvt. Ltd. Bajel Projects L Pratham Educa Foundation | inance Securities irect Ltd. neral pany Ltd. nologies td. tion | Relationship listed entity / Subsidiary Subsidiary Fellow Subsid Fellow Subsid Associate Entity in whic their relatives Entity in whic their relatives | of the counter subsidiary iary iary h Key Managem have significan h Key Managem have significan | party with the ent Personnel an t influence ent Personnel an t influence | Nature of Unsecured (having a t Unsecured (having a t Informatio Insurance Informatio d Unsecured (having a t d Corporate | Transaction Flexi term loan facil enor of upto 84 mont Flexi term loan facil enor of upto 24 mont n technology develop expenses on assets n technology develop short-term revolving enor of 12 months a Social Responsibility | ity hs from the ity hs from the ment and cu purchases ment and cu term loan a nd floating in expenses | date of each date disburs stomisation stomisation nd purchase terest rate at | drawal, and ement, and charges charges bill discoun arm’s lengt | interest rate interest rate ting facility h pricing) | at arm's length at arm's length | pricing.) pricing.) |  |  | C a | (₹ in Value ommit s on 31 202 2,5 4 | crore) of ment Mar 5 00.00 75.00 1.22 0.02 0.04 89.00 1.58 |", "company": "BAJAJ", "ticker": "BAJFINANCE", "source_file": "BAJAJ.pdf", "fiscal_year": "FY2025", "page_number": 71, "section": "atory :R. ~ijay \nName of Si \nDesignation: Comll an) Secretary \nv", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "45214d8f3bad7ef1", "content": "The General Manager BSE Limited Corporate Relationship Department Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400 001 The Manager National Stock Exchange of India Limited Listing Department Exchange Plaza 5th Floor, Plot No. C-1, Block-G Bandra-Kurla Complex, Bandra(E) Mumbai-400 051 BSE Scrip Code: 532281 NSE Scrip Code: HCLTECH Sub.: Board meeting – Un-audited Financial Results for the quarter and nine months ended December 31, 2024 1. The Board of Directors has today approved the un-audited (Consolidated & Standalone) Financial results of the Company for the quarter and nine months ended December 31, 2024. The Financial Results under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 along with declaration prescribed under these regulations are enclosed at 2. The Limited Review Reports on the aforesaid Consolidated & Standalone Financial results of the Company are enclosed at Annexure- B. 3. The Board of Directors has declared 4th Interim Dividend of Rs. 18/- per equity share of Rs. 2/- each of the Company for the Financial Year 2024-25. This includes a special dividend of Rs. 6/- per share to celebrate 25 years of the Company’s public listing. The Record date for the payment of the aforesaid interim dividend shall be January 17, 2025 and the payment date of the said interim dividend shall be January 24, 2025. The Board Meeting commenced at 01:00 PM (IST) and concluded at 5:35 PM (IST) on January 13, 2025. Thanking you,", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Introduction", "subsection": "Inter-segment revenue \nIT and Business Services \n-\n-\n-\n-\n-\nEngineering and R&D services \n-\n-\n-\n-\n-\nHCL Software \n98 \n92 \n93 \n282 \n284", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7d83ac97baed4e1d"}, {"chunk_id": "241c5765cc2cac1d", "content": "the payment date of the said interim dividend shall be January 24, 2025. The Board Meeting commenced at 01:00 PM (IST) and concluded at 5:35 PM (IST) on January 13, 2025. Thanking you, For HCL Technologies Limited Manish Anand Company Secretary HCL Technologies Ltd. Technology Hub, Special Economic Zone Plot No. 3A, Sector 126, NOIDA– 201304, UP, India t: +91 0120 6120 25000 f: +91 120 4680330 Corporate Identity Number: L74140DL1991PLC046369 Registered Office: 806 Siddharth, 96, Nehru Place, New Delhi -110009, India HCL TECHNOLOGIES LIMITED Corporate Identity Number: L74140DL1991PLC046369 Registered Office : 806, Siddharth, 96 Nehru Place, New Delhi, 110 019 Corporate Office: Plot No. 3A, Sector 126, Noida 201 304, U.P., India Website: www.hcltech.com; Telephone: +911126436336; Fax no: +91120 4680330 Consolidated Statement of Financial Results of HCL Technologies Limited as per Ind AS: (1' in crores) Previous year ended Particulars Three months ended Nine months ended 31 December 30 Septem her 31 December 31 December 31 December 2024 2024 2023 2024 2023 I Revenue Revenue from operations 29,890 28,862 28,446 86,809 81,414 Other income 477 456 370 2,036 1,079 Total income 30,367 29,318 28,816 88,845 82,493 II Expenses Purchase of stock-in-trade 578 480 417 1,462 1,262 Changes in inventories of stock-in-trade 66 (14) (67) 77 25 Employee benefits expense 16,576 16,523 15,862 49,509 46,129 Outsourcing costs 3,874 3,748 3,732 11,163 10,868 Finance costs 166 131 140 488 382 Depreciation and amortization expense 1,039 1,007 1,143 3,044 3,080", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Introduction", "subsection": "Inter-segment revenue \nIT and Business Services \n-\n-\n-\n-\n-\nEngineering and R&D services \n-\n-\n-\n-\n-\nHCL Software \n98 \n92 \n93 \n282 \n284", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7d83ac97baed4e1d"}, {"chunk_id": "fce5a855f8112d52", "content": "66 (14) (67) 77 25 Employee benefits expense 16,576 16,523 15,862 49,509 46,129 Outsourcing costs 3,874 3,748 3,732 11,163 10,868 Finance costs 166 131 140 488 382 Depreciation and amortization expense 1,039 1,007 1,143 3,044 3,080 Other expenses 1,936 1,756 1,715 5,576 5,049 6,860 90,441 20,967 Total expenses 24,235 23,631 22,942 71,319 66,795 III Profit before tax 6,132 5,687 5,874 17,526 15,698 IV Tax expense Current tax 1,229 1,191 1,348 3,672 3,621 Deferred tax charge 309 259 175 764 362 V Profit for the period/ year 4,594 4,237 4,351 13,090 11,715 Total tax expense 1,538 1,450 1,523 4,436 3,983 VI Other comprehensive income (loss) (A) (i) Items that will not be reclassified to statement of profit and loss (4) (47) 2 (55) 3 (ii) Income tax relating to items that will not be (1) 37 - 36 - reclassified to statement of profit and loss (B) (i) Items that will be reclassified to statement of profit and loss (382) 452 543 87 949 (ii) Income tax relating to items that will be (27) 114 55 45 (28) reclassified to statement of profit and loss Total other comprehensive income (loss), net of tax (414) 556 600 113 924 VII Total comprehensive income for the period/ year 4,180 4,793 4,951 13,203 12,639 Profit (loss) for the period/ year attributable to Owners of the Company 4,591 4,235 4,350 13,083 11,716 Non-controlling interest 3 2 1 7 (1) 4,594 4,237 4,351 13,090 11,715 Other comprehensive income (loss) for the period/ year attributable to Owners of the Company (414) 556 600 113 924 Non-controlling interest - - - - - (414) 556 600 113 924 Total comprehensive income (loss) for the period/", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Introduction", "subsection": "Inter-segment revenue \nIT and Business Services \n-\n-\n-\n-\n-\nEngineering and R&D services \n-\n-\n-\n-\n-\nHCL Software \n98 \n92 \n93 \n282 \n284", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7d83ac97baed4e1d"}, {"chunk_id": "fe0fd6240bf95020", "content": "year attributable to Owners of the Company (414) 556 600 113 924 Non-controlling interest - - - - - (414) 556 600 113 924 Total comprehensive income (loss) for the period/ year attributable to Owners of the Company 4,177 4,791 4,950 13,196 12,640 Non-controlling interest 3 2 1 7 (1) 4,180 4,793 4,951 13,203 12,639 Earnings per equity share of 1' 2 each Basic (in 1) 16.94 15.62 16.06 48.26 43.27 Diluted (in 1') 16.93 15.61 16.03 48.23 43.19 Dividend per equity share of 1' 2 each Interim dividend paid (in 1') 12 12 12 42 40 Total dividend paid (in 1') 12 12 12 42 40 HCL TECHNOLOGIES LIMITED Corporate Identity Number: L74140DL1991PLC046369 Registered Office : 806, Siddharth, 96 Nehru Place, New Delhi, 110 019 Corporate Office: Plot No. 3A, Sector 126, Noida 201 304, U.P., India Website: www.hcltech.com; Telephone: +911126436336; Fax no: +91120 4680330 Segment Information of Consolidated Financial Results as per Ind AS : Three months ended Nine months ended (1: in crores) Previous year ended Particulars 31 December 30 September 31 December 31 December 31 December 2024 2024 2023 2024 2023 Revenue from operations from external customers IT and Business Services 21,803 21,544 20,417 64,252 59,970 Engineering and R&D services 4,798 4,545 4,700 13,798 13,058 HCL Software 3,289 2,773 3,329 8,759 8,386 Total 29,890 28,862 28,446 86,809 81,414 Inter-segment revenue IT and Business Services - - - - - Engineering and R&D services - - - - - HCL Software 98 92 93 282 284 Total 98 92 93 282 284 Segment revenues IT and Business Services 21,803", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Introduction", "subsection": "Inter-segment revenue \nIT and Business Services \n-\n-\n-\n-\n-\nEngineering and R&D services \n-\n-\n-\n-\n-\nHCL Software \n98 \n92 \n93 \n282 \n284", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7d83ac97baed4e1d"}, {"chunk_id": "a07461551e9e57e0", "content": "IT and Business Services - - - - - Engineering and R&D services - - - - - HCL Software 98 92 93 282 284 Total 98 92 93 282 284 Segment revenues IT and Business Services 21,803 21,544 20,417 64,252 59,970 Engineering and R&D services 4,798 4,545 4,700 13,798 13,058 HCL Software 3,387 2,865 3,422 9,041 8,670 Inter-segment elimination (98) (92) (93) (282) (284) Total 29,890 28,862 28,446 86,809 81,414 Segment results IT and Business Services 3,752 3,788 3,496 ll,018 10,272 Engineering and R&D services 901 842 995 2,487 2,504 HCL Software 1,168 732 1,124 2,473 2,233 Total 5,821 5,362 5,615 15,978 15,009 Unallocable expenses (159) (128) (Ill) (397) (390) Other income 470 453 370 1,945 1,079 Profit before tax 6,132 5,687 5,874 17,526 15,698 Tax expense (1,538) (1,450) (1,523) (4,436) (3,983) Profit for the period/ year 4,594 4,237 4,351 13,090 11,715 I.Assets and liabilities are not identified to any reportable segments, since these are used interchangeably across segments and consequently, the management believes that it is not practicable or meaningful to provide segment disclosures relating to total assets and liabilities. 2.Effective 1 April 2024, services related to certain software products, previously under HCL Software, are now managed by IT and Business Services and Engineering and R&D Services segments. Revenues and results have been reported under respective segments, with prior period figures restated. The impact of this change is immaterial for the segments.", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Introduction", "subsection": "Inter-segment revenue \nIT and Business Services \n-\n-\n-\n-\n-\nEngineering and R&D services \n-\n-\n-\n-\n-\nHCL Software \n98 \n92 \n93 \n282 \n284", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7d83ac97baed4e1d"}, {"chunk_id": "a86cf232bf11a743", "content": "HCL TECHNOLOGIES LIMITED Corporate Identity Number: L74140DL1991PLC046369 Registered Office: 806, Siddharth, 96 Nehru Place, New Delhi, 110 019 Corporate Office: Plot No. 3A, Sector 126, Noida 201304, U.P., India Website: www.hcltech.com; Telephone: +9111 26436336; Fax no: +91120 4680330 Standalone Statement of Financial Results of HCL Technologies Limited as per Ind AS: Three months ended Nine months ended Particulars 31 December 30 September 31 December 31 December 31 December 2024 2024 2023 2024 2023 Revenue from operations 13,274 12,615 12,531 37,673 36,041 Other income 344 284 261 949 775 Total income 13,618 12,899 12,792 38,622 36,816 Purchase of stock-in-trade 27 34 26 92 86 Changes in inventories of stock-in-trade (1) 2 (11) 15 4 Employee benefits expense 5,648 5,501 5,173 16,554 15,663 Outsourcing costs 1,767 1,662 1,757 5,219 5,269 Finance costs 38 30 29 115 91 Depreciation and amortization expense 613 559 678 1,743 1,767 Other expenses 846 795 749 2,487 2,186 Total expenses 8,938 8,583 8,401 26,225 25,066 III Profit before tax 4,680 4,316 4,391 12,397 11,750 Current tax 784 859 883 2,317 2,375 Deferred tax charge 370 241 159 859 464 Total tax expense 1,154 1,100 1,042 3,176 2,839 V Profit for the period/year 3,526 3,216 3,349 9,221 8,911 (A) (i) Items that will not be reclassified to statement of profit and loss 1 (49) - (48) (1) VI Other comprehensive income (loss) (ii) Income tax relating to items that will not be (1) 37 - 36 - reclassified to statement of profit and loss (B) (i) Items that will be reclassified to statement of profit and loss 97", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "Introduction", "subsection": "SHIV \nKUMA \nR", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b27a0490a35d9d34"}, {"chunk_id": "457fb07ed238e34a", "content": "(ii) Income tax relating to items that will not be (1) 37 - 36 - reclassified to statement of profit and loss (B) (i) Items that will be reclassified to statement of profit and loss 97 (478) (214) (289) 157 (ii) Income tax relating to items that will be (27) 114 56 45 (28) reclassified to statement of profit and loss Total other comprehensive income (loss), net of tax 70 (376) (158) (256) 128 VII Total comprehensive income for the period/ year 3,596 2,840 3,191 8,965 9,039 Earnings per equity share of 1 2 each Basic (in 1) 13.01 11.87 12.37 34.01 32.91 Diluted (in 1) 13.00 11.86 12.34 33.99 32.85 Dividend per equity share of 12 each Interim dividend paid (in 1) 12 12 12 42 40 Total dividend paid (in 1) 12 12 12 42 40 HCL TECHNOLOGIES LIMITED Corporate Identity Number: L74140DL1991PLC046369 Registered Office : 806, Siddharth, 96 Nehru Place, New Delhi, 110 019 Corporate Office: Plot No. 3A, Sector 126, Noida 201304, U.P., India Website: www.hcltech.com; Telephone: +9111 26436336; Fax no: +91120 4680330 1 The consolidated and the standalone financial results for the three and nine months ended 31 December 2024 were reviewed by the Audit Committee and have been approved and taken on record by the Board of Directors at its meeting held on 13 January 2025. The statutory auditors have issued unmodified review report on these results. 2 The Board of Directors have declared an interim dividend of 1'18 per share including a special dividend of 1:6 per share at its", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "Introduction", "subsection": "SHIV \nKUMA \nR", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b27a0490a35d9d34"}, {"chunk_id": "fe60a81724dfb698", "content": "2 The Board of Directors have declared an interim dividend of 1'18 per share including a special dividend of 1:6 per share at its meeting held on 13 January 2025. The special dividend has been declared by the Board to celebrate 25 years of public listing. 3 Financial results for all the periods presented have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (as amended from time to time) prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable. 4 As per Ind AS 108 'Operating Segments', the Company has disclosed the segment information only as part of the consolidated financial results. By the order of the Board of Directors for HCL Technologies Limited ROSH NI Digitally signed by ROSHNI NADAR NADAR MALHOTRA MALHQT Date: RA 2025.01.13 17:01 :04 +05'30' VIJA YA Digitally signed by KUMAR VIJAYA KUMAR Digitally signed by SHIV KUMARWALIA Date: 2025.01.13 16:58:59 W ALIA +os·30· CHINNASWA ~~~~:~~;:~,~~ MY 11:00:33 +os'30' Roshni Nadar Malhotra Chairperson C. Vijayakumar Chief Executive Officer and Managing Director Shiv Walia Chief Financial Officer Noida (UP), India 13 January 2025", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "Introduction", "subsection": "SHIV \nKUMA \nR", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b27a0490a35d9d34"}, {"chunk_id": "edd5c52235f9cd7c", "content": "B S R & Co. LLP Chartered Accountants Building No. 10, 12th Floor, Tower-C DLF Cyber City, Phase - II Gurugram - 122 002, India Tel: +91 124 719 1000 Fax: +91 124 235 8613 Limited Review Report on unaudited consolidated financial results of HCL Technologies Limited for the quarter ended 31 December 2024 and year to date results for the period from 1 April 2024 to 31 December 2024 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To the Board of Directors of HCL Technologies Limited 1. We have reviewed the accompanying Statement of unaudited consolidated financial results of HCL Technologies Limited (hereinafter referred to as “the Parent”), and its subsidiaries (the Parent and its subsidiaries together referred to as “the Group”) for the quarter ended 31 December 2024 and year to date results for the period from 1 April 2024 to 31 December 2024 (“the Statement”), being submitted by the Parent pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (\"Listing Regulations\"). 2. This Statement, which is the responsibility of the Parent’s management and approved by the Parent’s Board of Directors, has been prepared in accordance with the recognition and measurement", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "B S R & Co. LLP\nChartered Accountants", "subsection": "Annexure I", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9a253133ec7dec75"}, {"chunk_id": "ff5eac1dd60df300", "content": "2. This Statement, which is the responsibility of the Parent’s management and approved by the Parent’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the Securities and Exchange", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "B S R & Co. LLP\nChartered Accountants", "subsection": "Annexure I", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9a253133ec7dec75"}, {"chunk_id": "3e8d365e0bf66dc7", "content": "in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable. 4. The Statement includes the results of the entities mentioned in Annexure I to the Statement: B S R & Co. (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP (a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013 14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063 5. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. Chartered Accountants Firm’s Registration No.:101248W/W-100022 Gurugram Membership No.: 092212 13 January 2025 UDIN:25092212BMMJEX3844", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "B S R & Co. LLP\nChartered Accountants", "subsection": "Annexure I", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9a253133ec7dec75"}, {"chunk_id": "d8f3c2f10c6a975a", "content": "Chartered Accountants Firm’s Registration No.:101248W/W-100022 Gurugram Membership No.: 092212 13 January 2025 UDIN:25092212BMMJEX3844 List of entities included in unaudited consolidated financial results. Sr. No Name of component Relationship 1 HCL Technologies Limited Parent 2 Actian Australia Pty. Limited Subsidiary 3 Actian Corporation. Subsidiary 4 Actian Europe Limited Subsidiary 5 Actian France SAS Subsidiary 6 Actian Germany GmbH Subsidiary 7 Actian International, Inc. Subsidiary 8 Actian Technology Private Limited Subsidiary 9 Anzospan Investments Pty. Ltd Subsidiary 10 Axon Group Limited (formerly Axon Group Plc.) Subsidiary 11 Axon Solutions Limited Subsidiary 12 Butler America Aerospace LLC Subsidiary 13 C3i Europe Eood Subsidiary 14 C3i Japan GK Subsidiary 15 C3i Services &Technologies (Dalian) Co., Ltd Subsidiary 16 C3i Support Services Pvt. Ltd. Subsidiary 17 Confinale (Deutschland) GmbH Subsidiary 18 Confinale (UK) Limited Subsidiary 19 HCL Technologies Switzerland AG Subsidiary 20 Datawave (An HCL Technologies Company) Limited Subsidiary 21 DWS (New Zealand) Ltd. Subsidiary 22 DWS (NSW) Pty. Ltd. Subsidiary 23 DWS Pty. Limited Subsidiary 24 Filial Espanola De HCL Technologies S.L. Subsidiary 25 Geometric Americas, Inc. Subsidiary 26 Geometric China Inc. Subsidiary 27 Geometric Europe GmbH Subsidiary 28 H C L Technologies Lanka (Private) Limited Subsidiary 29 HCL (Brazil) Tecnologia da Informação Ltda Subsidiary 30 HCL (Ireland) Information Systems Ltd. Subsidiary 31 HCL (New Zealand) Ltd. Subsidiary 32", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "B S R & Co. LLP\nChartered Accountants", "subsection": "Annexure I", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9a253133ec7dec75"}, {"chunk_id": "9d66cd1b60a098f9", "content": "Subsidiary 28 H C L Technologies Lanka (Private) Limited Subsidiary 29 HCL (Brazil) Tecnologia da Informação Ltda Subsidiary 30 HCL (Ireland) Information Systems Ltd. Subsidiary 31 HCL (New Zealand) Ltd. Subsidiary 32 HCL America Inc. Subsidiary 33 HCL America Solutions Inc. Subsidiary 34 HCL Arabia LLC Subsidiary 35 HCL Argentina S.A. Subsidiary 36 HCL ASIA PACIFIC PTE. LTD. (Formerly Geometric Asia Pacific Pte. Ltd. 37 HCL Australia Services Pty. Ltd. Subsidiary 38 HCL Axon Solutions (Shanghai) Co. Ltd. Subsidiary 39 HCL Bermuda Ltd. Subsidiary 40 HCL Canada  Inc. Subsidiary 41 HCL Comnet Systems & Services Ltd. Subsidiary 42 HCL EAS Ltd. Subsidiary 43 HCL Great Britain Ltd. Subsidiary 44 HCL Guatemala, Sociedad Anónima Subsidiary 45 HCL Hong Kong SAR Ltd. Subsidiary 46 HCL Insurance BPO Services Limited (formerly Liberata Financial Services Ltd.) 47 HCL Investments (UK) Ltd. Subsidiary 48 HCL Istanbul Teknolojileri Limited Subsidiary 49 HCL Japan Ltd. Subsidiary 50 HCL Latin America Holding LLC Subsidiary 51 HCL Lending Solutions, LLC Subsidiary 52 HCL Muscat Technologies LLC Subsidiary 53 HCL Poland sp. z o.o Subsidiary 54 HCL Singapore Pte. Ltd. Subsidiary 55 HCL Software Products Limited Subsidiary 56 HCL Technologies (PTY) Ltd. Subsidiary 57 HCL Technologies (Shanghai) Limited Subsidiary 58 HCL Technologies (Taiwan) Limited Subsidiary 59 HCL Technologies (Thailand) Limited Subsidiary 60 HCL Technologies Angola (SU), LDA. Subsidiary 61 HCL Technologies Austria GmbH Subsidiary 62 HCL Technologies Azerbaijan Limited Liability Subsidiary 63", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "B S R & Co. LLP\nChartered Accountants", "subsection": "Annexure I", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9a253133ec7dec75"}, {"chunk_id": "6298151fbeeb1ce5", "content": "Subsidiary 59 HCL Technologies (Thailand) Limited Subsidiary 60 HCL Technologies Angola (SU), LDA. Subsidiary 61 HCL Technologies Austria GmbH Subsidiary 62 HCL Technologies Azerbaijan Limited Liability Subsidiary 63 HCL Technologies B.V. Subsidiary 64 HCL Technologies Bahrain W.L.L Subsidiary 65 HCL Technologies (Beijing) Co. Ltd. Subsidiary 66 HCL Technologies Belgium BV Subsidiary 67 HCL Technologies Bulgaria EooD Subsidiary 68 HCL Technologies Chile SPA Subsidiary 69 HCL Technologies Columbia S.A.S. Subsidiary 70 HCL Technologies Corporate Services Limited Subsidiary 71 HCL Technologies Costa Rica Sociedad De Responsabilidad Limitada 72 HCL Technologies Czech Republic S.R.O. Subsidiary 73 HCL Technologies Denmark Aps Subsidiary 74 HCL Technologies Egypt Ltd. Subsidiary 75 HCL Technologies Estonia OU Subsidiary 76 HCL Technologies Finland Oy Subsidiary 77 HCL Technologies France SAS Subsidiary 78 HCL Technologies gbs GmbH Subsidiary", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "B S R & Co. LLP\nChartered Accountants", "subsection": "Annexure I", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9a253133ec7dec75"}, {"chunk_id": "f5dc5d94dab0abfc", "content": "79 HCL Technologies Germany GmbH Subsidiary 80 HCL Technologies Greece Single Member P.C. Subsidiary 81 HCL Technologies Italy S.P.A. Subsidiary 82 HCL Technologies Jigani Limited Subsidiary 83 HCL Technologies Lithuania UAB Subsidiary 84 HCL Technologies Luxembourg SARL Subsidiary 85 HCL Technologies Malaysia Sdn Bhd Subsidiary 86 HCL Technologies Mexico S.De.R.L.De.C.V. Subsidiary 87 HCL Technologies Middle East FZ-LLC Subsidiary 88 HCL Technologies Morocco Ltd. Subsidiary 89 HCL Technologies Norway AS Subsidiary 90 HCL Technologies Philippines, Inc. Subsidiary 91 HCL Technologies Romania s.r.l. Subsidiary 92 HCL Technologies S.A.C Subsidiary 93 HCL Technologies Slovakia s. r. o. Subsidiary 94 HCL Technologies Solutions GmbH Subsidiary 95 HCL Technologies South Africa (Proprietary) Limited Subsidiary 96 HCL Technologies Starschema Kft. Subsidiary 97 HCL Technologies Sweden AB Subsidiary 98 HCL Technologies Trinidad and Tobago Limited Subsidiary 99 HCL Technologies UK Ltd. Subsidiary 100 HCL Technologies Vietnam Company Limited Subsidiary 101 HCL Technologies S.A. Subsidiary 102 HCL Training & Staffing Services Private Limited Subsidiary 103 HCL Vietnam Company Limited Subsidiary 104 Phoenix IT & T Consulting Pty Ltd Subsidiary 105 Projects Assured Pty Ltd Subsidiary 106 PT HCL Technologies Indonesia Subsidiary 107 Quest Informatics Private Limited Subsidiary 108 Sankalp Semiconductor GmbH Subsidiary 109 Sankalp Semiconductor Inc. Subsidiary 110 Sankalp Semiconductor Private Limited Subsidiary 111", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "B S R & Co. LLP\nChartered Accountants", "subsection": "To the Board of Directors of HCL Technologies Limited", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "16d69b2de6172394"}, {"chunk_id": "86ba8605bc8ac5cc", "content": "Subsidiary 107 Quest Informatics Private Limited Subsidiary 108 Sankalp Semiconductor GmbH Subsidiary 109 Sankalp Semiconductor Inc. Subsidiary 110 Sankalp Semiconductor Private Limited Subsidiary 111 Sankguj Semiconductor Private Limited Subsidiary 112 Starschema Inc. Subsidiary 113 Symplicit Pty Ltd Subsidiary 114 Versant GmbH Subsidiary 115 Versant India Private Limited Subsidiary 116 Wallis Nominees (Computing) Pty Ltd Subsidiary 117 HCL Technologies Stock Options Trust Controlled Trust 118 ASAP Holding GmbH Subsidiary 119 ASAP Engineering GmbH, Weissach Subsidiary 120 ASAP Engineering GmbH, Gaimersheim Subsidiary 121 ASAP Engineering GmbH, Rüsselsheim Subsidiary 122 ASAP Electronics GmbH, Gaimersheim Subsidiary 123 ASAP Engineering GmbH, Weyhausen Subsidiary 124 ASAP Engineering GmbH, Friedrichshafen Subsidiary 125 ASAP Quality Consulting GmbH, Gaimersheim Subsidiary 126 FIDUS Personal GmbH Subsidiary 127 Dicturus Grundstücksverwaltungsgesellschaft mbH & Co. Subsidiary 128 HCL Technologies Holding UK Limited Subsidiary 129 Zeenea SAS Subsidiary 130 Zeenea Benelux Subsidiary 131 Zeenea Inc. (liquidated w.e.f November 25, 2024) Subsidiary 132 HCL Technologies Sdn. Bhd. (Incorporated on October 30, 2024) B S R & Co. LLP Chartered Accountants Building No. 10, 12th Floor, Tower-C DLF Cyber City, Phase - II Gurugram - 122 002, India Tel: +91 124 719 1000 Fax: +91 124 235 8613 Limited Review Report on unaudited standalone financial results of HCL Technologies Limited for the quarter ended 31 December 2024 and year to date", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "B S R & Co. LLP\nChartered Accountants", "subsection": "To the Board of Directors of HCL Technologies Limited", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "16d69b2de6172394"}, {"chunk_id": "8021dcc810050eb9", "content": "Tel: +91 124 719 1000 Fax: +91 124 235 8613 Limited Review Report on unaudited standalone financial results of HCL Technologies Limited for the quarter ended 31 December 2024 and year to date results for the period from 1 April 2024 to 31 December 2024 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To the Board of Directors of HCL Technologies Limited 1. We have reviewed the accompanying Statement of unaudited standalone financial results of HCL Technologies Limited (hereinafter referred to as “the Company”) for the quarter ended 31 December 2024 and year to date results for the period from 1 April 2024 to 31 December 2024 (“the Statement”). 2. This Statement, which is the responsibility of the Company’s management and approved by its Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”). Our responsibility is to issue a report on the Statement based on our review. 3.", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "B S R & Co. LLP\nChartered Accountants", "subsection": "To the Board of Directors of HCL Technologies Limited", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "16d69b2de6172394"}, {"chunk_id": "236ae24d18180a01", "content": "Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”). Our responsibility is to issue a report on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "B S R & Co. LLP\nChartered Accountants", "subsection": "To the Board of Directors of HCL Technologies Limited", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "16d69b2de6172394"}, {"chunk_id": "3f48e39bbcc6b416", "content": "generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. Chartered Accountants Firm’s Registration No.:101248W/W-100022 Gurugram Membership No.: 092212 13 January 2025 UDIN:25092212BMMJEW7752 B S R & Co. (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP (a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013 14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063 HCL TECHNOLOGIES LIMITED Corporate Identity Number: L74140DL1991PLC046369 Registered Office : 806, Siddharth, 96 Nehru Place, New Delhi, 110 019 Corporate Office: Plot No. 3A, Sector 126, Noida 201 304, U.P., India Website: www.hcltech.com; Telephone: +911126436336; Fax no: +91120 4680330 Consolidated Statement of Financial Results of HCL Technologies Limited as per Ind AS: (1' in crores) Previous year ended Particulars Three months ended Nine months ended 31 December 30 Septem her 31 December 31 December 31 December 2024 2024 2023 2024 2023 I Revenue Revenue from operations 29,890 28,862 28,446 86,809 81,414 Other income 477 456 370 2,036 1,079 Total income 30,367 29,318 28,816 88,845 82,493 II Expenses Purchase of stock-in-trade 578 480 417 1,462 1,262 Changes in inventories of stock-in-trade 66 (14) (67) 77 25", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "B S R & Co. LLP\nChartered Accountants", "subsection": "To the Board of Directors of HCL Technologies Limited", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "16d69b2de6172394"}, {"chunk_id": "32df5ae8f74120c5", "content": "29,890 28,862 28,446 86,809 81,414 Other income 477 456 370 2,036 1,079 Total income 30,367 29,318 28,816 88,845 82,493 II Expenses Purchase of stock-in-trade 578 480 417 1,462 1,262 Changes in inventories of stock-in-trade 66 (14) (67) 77 25 Employee benefits expense 16,576 16,523 15,862 49,509 46,129 Outsourcing costs 3,874 3,748 3,732 11,163 10,868 Finance costs 166 131 140 488 382 Depreciation and amortization expense 1,039 1,007 1,143 3,044 3,080 Other expenses 1,936 1,756 1,715 5,576 5,049 6,860 90,441 20,967 Total expenses 24,235 23,631 22,942 71,319 66,795 III Profit before tax 6,132 5,687 5,874 17,526 15,698 IV Tax expense Current tax 1,229 1,191 1,348 3,672 3,621 Deferred tax charge 309 259 175 764 362 V Profit for the period/ year 4,594 4,237 4,351 13,090 11,715", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "B S R & Co. LLP\nChartered Accountants", "subsection": "To the Board of Directors of HCL Technologies Limited", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "16d69b2de6172394"}, {"chunk_id": "a8c9b7ac61478f35", "content": "Total tax expense 1,538 1,450 1,523 4,436 3,983 VI Other comprehensive income (loss) (A) (i) Items that will not be reclassified to statement of profit and loss (4) (47) 2 (55) 3 (ii) Income tax relating to items that will not be (1) 37 - 36 - reclassified to statement of profit and loss (B) (i) Items that will be reclassified to statement of profit and loss (382) 452 543 87 949 (ii) Income tax relating to items that will be (27) 114 55 45 (28) reclassified to statement of profit and loss Total other comprehensive income (loss), net of tax (414) 556 600 113 924 VII Total comprehensive income for the period/ year 4,180 4,793 4,951 13,203 12,639 Profit (loss) for the period/ year attributable to Owners of the Company 4,591 4,235 4,350 13,083 11,716 Non-controlling interest 3 2 1 7 (1) 4,594 4,237 4,351 13,090 11,715 Other comprehensive income (loss) for the period/ year attributable to Owners of the Company (414) 556 600 113 924 Non-controlling interest - - - - - (414) 556 600 113 924 Total comprehensive income (loss) for the period/ year attributable to Owners of the Company 4,177 4,791 4,950 13,196 12,640 Non-controlling interest 3 2 1 7 (1) 4,180 4,793 4,951 13,203 12,639 Earnings per equity share of 1' 2 each Basic (in 1) 16.94 15.62 16.06 48.26 43.27 Diluted (in 1') 16.93 15.61 16.03 48.23 43.19 Dividend per equity share of 1' 2 each Interim dividend paid (in 1') 12 12 12 42 40 Total dividend paid (in 1') 12 12 12 42 40 HCL TECHNOLOGIES LIMITED Corporate Identity Number: L74140DL1991PLC046369", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "B S R & Co. LLP\nChartered Accountants", "subsection": "Inter-segment revenue \nIT and Business Services \n-\n-\n-\n-\n-\nEngineering and R&D services \n-\n-\n-\n-\n-\nHCL Software \n98 \n92 \n93 \n282 \n284", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6df008d70ae1613a"}, {"chunk_id": "0499430745306354", "content": "Dividend per equity share of 1' 2 each Interim dividend paid (in 1') 12 12 12 42 40 Total dividend paid (in 1') 12 12 12 42 40 HCL TECHNOLOGIES LIMITED Corporate Identity Number: L74140DL1991PLC046369 Registered Office : 806, Siddharth, 96 Nehru Place, New Delhi, 110 019 Corporate Office: Plot No. 3A, Sector 126, Noida 201 304, U.P., India Website: www.hcltech.com; Telephone: +911126436336; Fax no: +91120 4680330 Segment Information of Consolidated Financial Results as per Ind AS : Three months ended Nine months ended (1: in crores) Previous year ended Particulars 31 December 30 September 31 December 31 December 31 December 2024 2024 2023 2024 2023 Revenue from operations from external customers IT and Business Services 21,803 21,544 20,417 64,252 59,970 Engineering and R&D services 4,798 4,545 4,700 13,798 13,058 HCL Software 3,289 2,773 3,329 8,759 8,386 Total 29,890 28,862 28,446 86,809 81,414 Inter-segment revenue IT and Business Services - - - - - Engineering and R&D services - - - - - HCL Software 98 92 93 282 284 Total 98 92 93 282 284 Segment revenues IT and Business Services 21,803 21,544 20,417 64,252 59,970 Engineering and R&D services 4,798 4,545 4,700 13,798 13,058 HCL Software 3,387 2,865 3,422 9,041 8,670 Inter-segment elimination (98) (92) (93) (282) (284) Total 29,890 28,862 28,446 86,809 81,414 Segment results IT and Business Services 3,752 3,788 3,496 ll,018 10,272 Engineering and R&D services 901 842 995 2,487 2,504 HCL Software 1,168 732 1,124 2,473 2,233 Total 5,821 5,362 5,615 15,978 15,009 Unallocable expenses (159) (128) (Ill) (397) (390) Other income 470 453 370 1,945", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "B S R & Co. LLP\nChartered Accountants", "subsection": "Inter-segment revenue \nIT and Business Services \n-\n-\n-\n-\n-\nEngineering and R&D services \n-\n-\n-\n-\n-\nHCL Software \n98 \n92 \n93 \n282 \n284", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6df008d70ae1613a"}, {"chunk_id": "ca9c142a7d610477", "content": "3,752 3,788 3,496 ll,018 10,272 Engineering and R&D services 901 842 995 2,487 2,504 HCL Software 1,168 732 1,124 2,473 2,233 Total 5,821 5,362 5,615 15,978 15,009 Unallocable expenses (159) (128) (Ill) (397) (390) Other income 470 453 370 1,945 1,079 Profit before tax 6,132 5,687 5,874 17,526 15,698 Tax expense (1,538) (1,450) (1,523) (4,436) (3,983) Profit for the period/ year 4,594 4,237 4,351 13,090 11,715 I.Assets and liabilities are not identified to any reportable segments, since these are used interchangeably across segments and consequently, the management believes that it is not practicable or meaningful to provide segment disclosures relating to total assets and liabilities. 2.Effective 1 April 2024, services related to certain software products, previously under HCL Software, are now managed by IT and Business Services and Engineering and R&D Services segments. Revenues and results have been reported under respective segments, with prior period figures restated. The impact of this change is immaterial for the segments. HCL TECHNOLOGIES LIMITED Corporate Identity Number: L74140DL1991PLC046369 Registered Office: 806, Siddharth, 96 Nehru Place, New Delhi, 110 019 Corporate Office: Plot No. 3A, Sector 126, Noida 201304, U.P., India Website: www.hcltech.com; Telephone: +9111 26436336; Fax no: +91120 4680330 Standalone Statement of Financial Results of HCL Technologies Limited as per Ind AS: Three months ended Nine months ended Particulars 31 December 30 September 31 December 31 December 31 December 2024 2024 2023 2024 2023", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "B S R & Co. LLP\nChartered Accountants", "subsection": "Inter-segment revenue \nIT and Business Services \n-\n-\n-\n-\n-\nEngineering and R&D services \n-\n-\n-\n-\n-\nHCL Software \n98 \n92 \n93 \n282 \n284", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6df008d70ae1613a"}, {"chunk_id": "241c5905df7c36bf", "content": "Standalone Statement of Financial Results of HCL Technologies Limited as per Ind AS: Three months ended Nine months ended Particulars 31 December 30 September 31 December 31 December 31 December 2024 2024 2023 2024 2023 Revenue from operations 13,274 12,615 12,531 37,673 36,041 Other income 344 284 261 949 775 Total income 13,618 12,899 12,792 38,622 36,816 Purchase of stock-in-trade 27 34 26 92 86 Changes in inventories of stock-in-trade (1) 2 (11) 15 4 Employee benefits expense 5,648 5,501 5,173 16,554 15,663 Outsourcing costs 1,767 1,662 1,757 5,219 5,269 Finance costs 38 30 29 115 91 Depreciation and amortization expense 613 559 678 1,743 1,767 Other expenses 846 795 749 2,487 2,186 Total expenses 8,938 8,583 8,401 26,225 25,066 III Profit before tax 4,680 4,316 4,391 12,397 11,750 Current tax 784 859 883 2,317 2,375 Deferred tax charge 370 241 159 859 464 Total tax expense 1,154 1,100 1,042 3,176 2,839 V Profit for the period/year 3,526 3,216 3,349 9,221 8,911 (A) (i) Items that will not be reclassified to statement of profit and loss 1 (49) - (48) (1) VI Other comprehensive income (loss) (ii) Income tax relating to items that will not be (1) 37 - 36 - reclassified to statement of profit and loss (B) (i) Items that will be reclassified to statement of profit and loss 97 (478) (214) (289) 157 (ii) Income tax relating to items that will be (27) 114 56 45 (28) reclassified to statement of profit and loss Total other comprehensive income (loss), net of tax 70 (376) (158) (256) 128 VII Total comprehensive income for the period/ year 3,596 2,840 3,191 8,965 9,039", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "B S R & Co. LLP\nChartered Accountants", "subsection": "Inter-segment revenue \nIT and Business Services \n-\n-\n-\n-\n-\nEngineering and R&D services \n-\n-\n-\n-\n-\nHCL Software \n98 \n92 \n93 \n282 \n284", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6df008d70ae1613a"}, {"chunk_id": "fed37d53b2a44297", "content": "(27) 114 56 45 (28) reclassified to statement of profit and loss Total other comprehensive income (loss), net of tax 70 (376) (158) (256) 128 VII Total comprehensive income for the period/ year 3,596 2,840 3,191 8,965 9,039 Earnings per equity share of 1 2 each Basic (in 1) 13.01 11.87 12.37 34.01 32.91 Diluted (in 1) 13.00 11.86 12.34 33.99 32.85 Dividend per equity share of 12 each Interim dividend paid (in 1) 12 12 12 42 40 Total dividend paid (in 1) 12 12 12 42 40 HCL TECHNOLOGIES LIMITED Corporate Identity Number: L74140DL1991PLC046369 Registered Office : 806, Siddharth, 96 Nehru Place, New Delhi, 110 019 Corporate Office: Plot No. 3A, Sector 126, Noida 201304, U.P., India Website: www.hcltech.com; Telephone: +9111 26436336; Fax no: +91120 4680330 1 The consolidated and the standalone financial results for the three and nine months ended 31 December 2024 were reviewed by the Audit Committee and have been approved and taken on record by the Board of Directors at its meeting held on 13 January 2025. The statutory auditors have issued unmodified review report on these results. 2 The Board of Directors have declared an interim dividend of 1'18 per share including a special dividend of 1:6 per share at its meeting held on 13 January 2025. The special dividend has been declared by the Board to celebrate 25 years of public listing.", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "B S R & Co. LLP\nChartered Accountants", "subsection": "Inter-segment revenue \nIT and Business Services \n-\n-\n-\n-\n-\nEngineering and R&D services \n-\n-\n-\n-\n-\nHCL Software \n98 \n92 \n93 \n282 \n284", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6df008d70ae1613a"}, {"chunk_id": "6d293e2b8396b993", "content": "3 Financial results for all the periods presented have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (as amended from time to time) prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable. 4 As per Ind AS 108 'Operating Segments', the Company has disclosed the segment information only as part of the consolidated financial results. By the order of the Board of Directors for HCL Technologies Limited ROSH NI Digitally signed by ROSHNI NADAR NADAR MALHOTRA MALHQT Date: RA 2025.01.13 17:01 :04 +05'30' VIJA YA Digitally signed by KUMAR VIJAYA KUMAR Digitally signed by SHIV KUMARWALIA Date: 2025.01.13 16:58:59 W ALIA +os·30· CHINNASWA ~~~~:~~;:~,~~ MY 11:00:33 +os'30' Roshni Nadar Malhotra Chairperson C. Vijayakumar Chief Executive Officer and Managing Director Shiv Walia Chief Financial Officer Noida (UP), India 13 January 2025", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "B S R & Co. LLP\nChartered Accountants", "subsection": "SHIV \nKUMA \nR", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cdea7b0fe9aff2ab"}, {"chunk_id": "a1f6db87173442ea", "content": "[TABLE] Company: HCL | Year: FY2025 | Section: Introduction > Encl.: a/a | Page: 1\n\n|  |  |  |  |  |  |  |  |  | Ja | nuary 13, 2025 |\n|---|---|---|---|---|---|---|---|---|---|---|\n| The Genera | l Manag | er |  |  | The | Manage | r |  |  |  |\n| BSE Limite | d |  |  |  | Nati | onal Sto | ck Exc | ha | nge of India | Limited |\n| Corporate | Relations | hip Departmen | t |  | Listi | ng Depa | rtment |  |  |  |\n| Phiroze Jee | jeebhoy | Towers |  |  | Exch | ange Pl | aza |  |  |  |\n| Dalal Stree | t |  |  |  | 5th | Floor, Pl | ot No. | C-1 | , Block-G |  |\n| Mumbai- 4 | 00 001 |  |  |  | Ban | dra-Kurl | a Com | ple | x, Bandra(E) |  |\n|  |  |  |  |  | Mum | bai-40 | 0 051 |  |  |  |\n| BSE Scrip C | ode: 532 | 281 |  |  | NSE | Scrip C | ode: H | CLT | ECH |  |\n| Sub.: Board | meeting | – Un-audited | Financial Re | sults for th | e qu | arter an | d nine | mo | nths ended | December 31, |\n| 2024 |  |  |  |  |  |  |  |  |  |  |\n| Dear Sir/M | adam, |  |  |  |  |  |  |  |  |  |\n| 1. The | Board of | Directors has t | oday appro | ved the un | -au | dited (C | onsolid | ate | d & Standa | lone) Financial |\n| resu | lts of the | Company for | the quarter | and nine m | ont | hs ende | d Dece | m | ber 31, 2024 | . The Financial |\n| Res | ults unde | r Regulation | 33 of the | SEBI (Listi | ng | Obligati | ons an | d | Disclosure | Requirements) |\n| Reg | ulations, | 2015 along wi | th declarat | ion prescr | ibed | under | these | reg | ulations ar | e enclosed at |\n| Ann | exure- A. |  |  |  |  |  |  |  |  |  |\n| 2. The | Limited | Review Reports | on the afo | resaid Con | soli | dated & | Stand | alo | ne Financial | results of the |\n| Com | pany are | enclosed at A | nnexure- B. |  |  |  |  |  |  |  |\n| 3. The | Board of | Directors has d | eclared 4th | Interim Div | iden | d of Rs. | 18/- pe | r e | quity share | of Rs. 2/- each |\n| of th | e Compa | ny for the Fina | ncial Year 2 | 024-25. Th | is in | cludes a | specia | l di | vidend of R | s. 6/- per share |\n| to c | elebrate | 25 years of the | Company’s | public listi | ng. |  |  |  |  |  |\n| The | Record d | ate for the pay | ment of th | e aforesaid | inte | rim divi | dend s | hal | l be January | 17, 2025 and |\n| the | payment | date of the sai | d interim div | idend shal | l be | January | 24, 20 | 25. |  |  |\n| The Boar | d Meetin | g commenced | at 01:00 PM | (IST) and c | onc | luded at | 5:35 P | M ( | IST) on Janu | ary 13, 2025. |\n| Thankin | g you, |  |  |  |  |  |  |  |  |  |\n| For HCL | Technol | ogies Limited |  |  |  |  |  |  |  |  |\n| Manish Ana | nd |  |  |  |  |  |  |  |  |  |\n| Company S | ecretary |  |  |  |  |  |  |  |  |  |\n| Encl.: a/a |  |  |  |  |  |  |  |  |  |  |\n| HCL Technolo Technology Hu | gies Ltd. b, Special E | conomic Zone | Corpor | ate Identity N | umbe | r: L74140D | L1991PLC | 046 | 369 |  |", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 1, "section": "Introduction", "subsection": "Encl.: a/a", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "4141f178cd64b0c2", "content": "[TABLE] Company: HCL | Year: FY2025 | Section: Introduction > 855 \n-\n855 | Page: 2\n\n|  |  |  | Register | ed Offic | e : 806, S | iddharth, 96 Nehr | u Place, N | ew Delhi, 110 0 | 19 |  |  |\n|---|---|---|---|---|---|---|---|---|---|---|---|\n|  |  |  | Corpor | ate Offi | ce: Plot | No. 3A, Sector 126 | , Noida 201 | 304, U.P., Ind | ia |  |  |\n|  |  | Web | site: www | .hcltec | h.com; T | elephone: +91112 | 6436336; F | ax no: +91120 | 4680330 |  |  |\n| ons | olidated Statem | ent of Fina | ncial Res | ults of | HCL Te | chnologies Limi | ted as per | Ind AS: |  |  |  |\n|  |  |  |  |  |  |  |  |  |  | (1' in | crores |\n|  |  | Particulars |  |  |  | Three mon | ths ended |  | Nine months e | nded Previo en | us year ded |\n|  |  |  |  |  | 31 | December 30 Sept 2024 20 | em her 31 24 | December 31 2023 | December 31 2024 | December 31 2023 2 | March 024 |\n|  |  |  |  |  | (U | naudited) (Unau | dited) (U | naudited) (U | naudited) (U | naudited) (Au | dited) |\n| I | Revenue |  |  |  |  |  |  |  |  |  |  |\n|  | Revenue from ope | rations |  |  |  | 29,890 | 28,862 | 28,446 | 86,809 | 81,414 | 109,913 |\n|  | Other income |  |  |  |  | 477 | 456 | 370 | 2,036 | 1,079 | 1,495 |\n|  | Total income |  |  |  |  | 30,367 | 29,318 | 28,816 | 88,845 | 82,493 | 111,408 |\n| II | Expenses |  |  |  |  |  |  |  |  |  |  |\n|  | Purchase of stock | -in-trade |  |  |  | 578 | 480 | 417 | 1,462 | 1,262 | 1,754 |\n|  | Changes in invent | ories of stock | -in-trade |  |  | 66 | (14) | (67) | 77 | 25 | 43 |\n|  | Employee benefit | s expense |  |  |  | 16,576 | 16,523 | 15,862 | 49,509 | 46,129 | 62,480 |\n|  | Outsourcing costs |  |  |  |  | 3,874 | 3,748 | 3,732 | 11,163 | 10,868 | 14,578 |\n|  | Finance costs |  |  |  |  | 166 | 131 | 140 | 488 | 382 | 553 |\n|  | Depreciation and | amortization | expense |  |  | 1,039 | 1,007 | 1,143 | 3,044 | 3,080 | 4,173 |\n|  | Other expenses |  |  |  |  | 1,936 | 1,756 | 1,715 | 5,576 | 5,049 | 6,860 |\n|  | Total expenses |  |  |  |  | 24,235 | 23,631 | 22,942 | 71,319 | 66,795 | 90,441 |\n| III | Profit before tax |  |  |  |  | 6,132 | 5,687 | 5,874 | 17,526 | 15,698 | 20,967 |\n| IV | Tax expense |  |  |  |  |  |  |  |  |  |  |\n|  | Current tax |  |  |  |  | 1,229 | 1,191 | 1,348 | 3,672 | 3,621 | 4,626 |\n|  | Deferred tax char | ge |  |  |  | 309 | 259 | 175 | 764 | 362 | 631 |\n|  | Total tax expense |  |  |  |  | 1,538 | 1,450 | 1,523 | 4,436 | 3,983 | 5,257 |\n| V | Profit for the per | iod/ year |  |  |  | 4,594 | 4,237 | 4,351 | 13,090 | 11,715 | 15,710 |\n| VI (A) | Other comprehen (i) Items that will | sive income not be recla | (loss) ssified to | stateme | nt of | (4) | (47) | 2 | (55) | 3 | 32 |\n|  | profit and loss (ii) Income tax r reclassified to stat | elating to it ement of pro | ems that fit and los | will no s | t be | (1) | 37 | - | 36 | - | (8 |\n| (B) | (i) Items that wi | ll be reclass | ified to s | tatemen | t of | (382) | 452 | 543 | 87 | 949 | 943 |\n|  | profit and loss |  |  |  |  |  |  |  |  |  |  |\n|  | (ii) Income tax reclassified to stat | relating to ement of pro | items th fit and los | at will s | be | (27) | 114 | 55 | 45 | (28) | (112 |\n|  | Total other comp | rehensive in | come (loss | ), net of | tax | (414) | 556 | 600 | 113 | 924 | 855 |\n| VII | Total comprehen | sive income f | or the pe | riod/ ye | ar | 4,180 | 4,793 | 4,951 | 13,203 | 12,639 | 16,565 |\n|  | Profit (loss) for th | e period/ ye | ar attribu | table to |  |  |  |  |  |  |  |\n|  | Owners of the Co | mpany |  |  |  | 4,591 | 4,235 | 4,350 | 13,083 | 11,716 | 15,702 |\n|  | Non-controlling i | nterest |  |  |  | 3 | 2 | 1 | 7 | (1) | 8 |\n|  |  |  |  |  |  | 4,594 | 4,237 | 4,351 | 13,090 | 11,715 | 15,710 |\n|  | Other comprehen | sive income | (loss) for | the per | iod/ |  |  |  |  |  |  |\n|  | year attributable | to |  |  |  |  |  |  |  |  |  |\n|  | Owners of the Co | mpany |  |  |  | (414) | 556 | 600 | 113 | 924 | 855 |\n|  | Non-controlling i | nterest |  |  |  | - | - | - | - | - | - |\n|  | Total comprehen | sive income | (loss) for | the per | iod/ | (414) | 556 | 600 | 113 | 924 | 855 |\n|  | year attributable Owners of the Co | to mpany |  |  |  | 4,177 | 4,791 | 4,950 | 13,196 | 12,640 | 16,557 |\n|  | Non-controlling i | nterest |  |  |  | 3 | 2 | 1 | 7 | (1) | 8 |\n|  |  |  |  |  |  | 4,180 | 4,793 | 4,951 | 13,203 | 12,639 | 16,565 |\n|  | Earnings per equ | ity share of 1 | ' 2 each |  |  |  |  |  |  |  |  |\n|  | Basic (in 1) |  |  |  |  | 16.94 | 15.62 | 16.06 | 48.26 | 43.27 | 57.99 |\n|  | Diluted (in 1') |  |  |  |  | 16.93 | 15.61 | 16.03 | 48.23 | 43.19 | 57.86 |\n|  | Dividend per equ | ity share of | 1' 2 each |  |  |  |  |  |  |  |  |\n|  | Interim dividend | paid (in 1') |  |  |  | 12 | 12 | 12 | 42 | 40 | 52 |\n|  | Total dividend p | aid (in 1') |  |  |  | 12 | 12 | 12 | 42 | 40 | 52 |", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 2, "section": "Introduction", "subsection": "855 \n-\n855", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "de2367e5087f84e7", "content": "[TABLE] Company: HCL | Year: FY2025 | Section: Introduction > Inter-segment revenue \nIT and Business Services \n-\n-\n-\n-\n-\nEngineering and R&D services \n-\n-\n-\n-\n-\nHCL Software \n98 \n92 \n93 \n282 \n284 | Page: 3\n\n|  |  |  | HC | L TEC | HNOLOGIES | LIMITED |  |  |  |\n|---|---|---|---|---|---|---|---|---|---|\n|  |  |  | Corporate | Identity | Number: L74140 | DL1991PLC046369 |  |  |  |\n|  |  | Registe | red Office : | 806, Sid | dharth, 96 Nehru | Place, New Delhi, 11 | 0 019 |  |  |\n|  |  | Corpo | rate Office: | Plot No. | 3A, Sector 126, | Noida 201 304, U.P., I | ndia |  |  |\n|  |  | Website: ww | w.hcltech.c | om; Tele | phone: +911126 | 436336; Fax no: +911 | 20 4680330 |  |  |\n| ent Informa | tion of | Consolidated F | inancial R | esults as | per Ind AS : |  |  | (1: i | n crores) |\n| P | articular | s | 31 Dece 202 | Thr mber 3 4 | ee months ended 0 September 31 2024 | Ni December 31 Dec 2023 202 | ne months ended ember 31 Dec 4 202 | Previou end ember 31 Ma 3 202 | s year ed rch 4 |\n| nue from oper | ations f | rom external | (Unaud | ited) | (Unaudited) ( | Unaudited) (Unau | dited) (Unau | dited) (Audi | ted) |\n| mers T and Business | Service | s |  | 21,803 | 21,544 | 20,417 | 64,252 | 59,970 | 81,179 |\n| ngineering an | d R&D s | ervices |  | 4,798 | 4,545 | 4,700 | 13,798 | 13,058 | 17,667 |\n| CL Software |  |  |  | 3,289 | 2,773 | 3,329 | 8,759 | 8,386 | l l,067 |\n| l |  |  |  | 29,890 | 28,862 | 28,446 | 86,809 | 81,414 | 109,913 |\n| -segment reve | nue |  |  |  |  |  |  |  |  |\n| IT and Busine | ss Servic | es |  | - | - | - | - | - | - |\n| Engineering a | nd R&D | services |  | - | - | - | - | - | - |\n| HCL Software |  |  |  | 98 | 92 | 93 | 282 | 284 | 387 |\n| l |  |  |  | 98 | 92 | 93 | 282 | 284 | 387 |\n| ent revenues |  |  |  |  |  |  |  |  |  |\n| IT and Busine | ss Servic | es |  | 21,803 | 21,544 | 20,417 | 64,252 | 59,970 | 81,179 |\n| Engineering a | nd R&D | services |  | 4,798 | 4,545 | 4,700 | 13,798 | 13,058 | 17,667 |\n| HCL Software |  |  |  | 3,387 | 2,865 | 3,422 | 9,041 | 8,670 | l l,454 |\n| Inter-segment | eliminat | ion |  | (98) | (92) | (93) | (282) | (284) | (387) |\n| l |  |  |  | 29,890 | 28,862 | 28,446 | 86,809 | 81,414 | 109,913 |\n| ent results |  |  |  |  |  |  |  |  |  |\n| IT and Busine | ss Servic | es |  | 3,752 | 3,788 | 3,496 | ll,018 | 10,272 | 13,789 |\n| Engineering a | nd R&D | services |  | 901 | 842 | 995 | 2,487 | 2,504 | 3,422 |\n| HCL Software |  |  |  | 1,168 | 732 | 1,124 | 2,473 | 2,233 | 2,816 |\n| l Unallocable ex | penses |  |  | 5,821 (159) | 5,362 (128) | 5,615 (Ill) | 15,978 (397) | 15,009 (390) | 20,027 (555) |\n| Other income t before tax Tax expense |  |  |  | 470 6,132 | 453 5,687 | 370 5,874 | 1,945 17,526 | 1,079 15,698 | 1,495 20,967 |\n| t for the perio | d/ year |  |  | (1,538) 4,594 | (1,450) 4,237 | (1,523) 4,351 | (4,436) 13,090 | (3,983) 11,715 | (5,257) 15,710 |\n| s: |  |  |  |  |  |  |  |  |  |\n| ets and liab | ilities a | re not identifie | d to any | reportab | le segments, si | nce these are used | interchangea | bly across segm | ents and |\n| quently, the | manag | ement believes t | hat it is n | ot practi | cable or meanin | gful to provide seg | ment disclosur | es relating to to | tal assets |\n| iabilities. |  |  |  |  |  |  |  |  |  |\n| ective 1 Apri | l 2024, | services related | to certain | software | products, prev | iously under HCL | Software, are | now managed b | y IT and |\n| ess Services | and En | gineering and R | &D Servic | es segm | ents. Revenues | and results have be | en reported un | der respective s | egments, |\n| prior period | figures | restated. The im | pact of thi | s change | is immaterial f | or the segments. |  |  |  |", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Introduction", "subsection": "Inter-segment revenue \nIT and Business Services \n-\n-\n-\n-\n-\nEngineering and R&D services \n-\n-\n-\n-\n-\nHCL Software \n98 \n92 \n93 \n282 \n284", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "c03c623c7e8fce1c", "content": "[TABLE] Company: HCL | Year: FY2025 | Section: Introduction > Inter-segment revenue \nIT and Business Services \n-\n-\n-\n-\n-\nEngineering and R&D services \n-\n-\n-\n-\n-\nHCL Software \n98 \n92 \n93 \n282 \n284 | Page: 4\n\n|  |  |  | R | egistered Office: | 806, Siddharth, | 96 Nehru Plac | e, New Delhi, | 110 019 |  |  |\n|---|---|---|---|---|---|---|---|---|---|---|\n|  |  |  |  | Corporate Office: | Plot No. 3A, S | ector 126, Noid | a 201304, U.P. | , India |  |  |\n|  |  | We | bsi | te: www.hcltech.co | m; Telephone: | +9111 264363 | 36; Fax no: +9 | 1120 4680330 |  |  |\n| tand | alone State | ment of Financ | ial | Results of HCL T | echnologies | Limited as pe | r Ind AS: |  |  |  |\n|  |  |  |  |  | Thr | ee months ended |  | Nine month | s ended Previou ende | s year d |\n|  |  | Particulars |  |  | 31 December 3 2024 (Unaudited) | 0 September 2024 (Unaudited) | 31 December 2023 (Unaudited) | 31 December 2024 (Unaudited) | 31 December 31 Marc 2023 (Unaudited) (Audi | h 2024 ted) |\n| I | Revenue Revenue fro | m operations |  |  | 13,274 | 12,615 | 12,531 | 37,673 | 36,041 | 48,118 |\n|  | Other income Total income |  |  |  | 344 13,618 | 284 12,899 | 261 12,792 | 949 38,622 | 775 36,816 | 1,076 49,194 |\n| II | Expenses Purchase of s Changes in in Employee be Outsourcing | tock-in-trade ventories of stoc nefits expense costs | k-in | -trade | 27 (1) 5,648 1,767 | 34 2 5,501 1,662 | 26 (11) 5,173 1,757 | 92 15 16,554 5,219 | 86 4 15,663 5,269 | 135 10 20,965 7,105 |\n| III | Finance costs Depreciation Other expens Total expens Profit before | and amortization es es tax | ex | pense | 38 613 846 8,938 4,680 | 30 559 795 8,583 4,316 | 29 678 749 8,401 4,391 | 115 1,743 2,487 26,225 12,397 | 91 1,767 2,186 25,066 11,750 | 125 2,371 3,027 33,738 15,456 |\n| IV | Tax expense Current tax Deferred tax | charge |  |  | 784 370 | 859 241 | 883 159 | 2,317 859 | 2,375 464 | 2,873 909 |\n| V | Total tax exp Profit for the | ense period/year |  |  | 1,154 3,526 | 1,100 3,216 | 1,042 3,349 | 3,176 9,221 | 2,839 8,911 | 3,782 11,674 |\n| VI | Other compr | ehensive income | (lo | ss) |  |  |  |  |  |  |\n| (A) | (i) Items that of profit and | will not be reclas loss | sifi | ed to statement | 1 | (49) | - | (48) | (1) | 27 |\n|  | (ii) Income ta reclassified t | x relating to item o statement of pro | s th fit | at will not be and loss | (1) | 37 | - | 36 | - | (8) |\n| (B) | (i) Items that profit and los | will be reclassifie s | d to | statement of | 97 | (478) | (214) | (289) | 157 | 532 |\n|  | (ii) Income ta reclassified t | x relating to item o statement of pro | s th fit | at will be and loss | (27) | 114 | 56 | 45 | (28) | (112) |\n|  | Total other c | omprehensive in | com | e (loss), net of |  |  |  |  |  |  |\n|  | tax |  |  |  | 70 | (376) | (158) | (256) | 128 | 439 |\n| VII | Total compr | ehensive income | for | the period/ |  |  |  |  |  |  |\n|  | year |  |  |  | 3,596 | 2,840 | 3,191 | 8,965 | 9,039 | 12,113 |\n|  | Earnings per | equity share of | 1 2 | each |  |  |  |  |  |  |\n|  | Basic | (in 1) |  |  | 13.01 | 11.87 | 12.37 | 34.01 | 32.91 | 43.11 |\n|  | Diluted | (in 1) |  |  | 13.00 | 11.86 | 12.34 | 33.99 | 32.85 | 43.02 |\n|  | Dividend pe Interim divid | r equity share of end paid (in 1) | 12 | each | 12 | 12 | 12 | 42 | 40 | 52 |", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "Introduction", "subsection": "Inter-segment revenue \nIT and Business Services \n-\n-\n-\n-\n-\nEngineering and R&D services \n-\n-\n-\n-\n-\nHCL Software \n98 \n92 \n93 \n282 \n284", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d1d0f9224f6fa3ea", "content": "[TABLE] Company: HCL | Year: FY2025 | Section: Introduction > SHIV \nKUMA \nR | Page: 5\n\n|  |  |  |  | HCL TE | CHNOLOGIES | LIMITED |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|---|---|---|\n|  |  |  | Cor | porate Ident | ity Number: L7414 | 0DL1991PLC0 | 46369 |  |  |  |  |\n|  |  |  | Registered | Office : 806, | Siddharth, 96 Nehru | Place, New | Delhi, 110 | 019 |  |  |  |\n|  |  |  | Corporate | Office: Plot | No. 3A, Sector 126, | Noida 201304 | , U.P., In | dia |  |  |  |\n|  |  | Web | site: www.h | cltech.com; T | elephone: +9111 26 | 436336; Fax n | o: +9112 | 0 4680330 |  |  |  |\n| Note | s: |  |  |  |  |  |  |  |  |  |  |\n| 1 | The consolid | ated and the | standalone | financial re | sults for the three a | nd nine mon | ths ende | d 31 Dec | ember | 2024 wer | e reviewed |\n|  | by the Audi | t Committee | and have b | een approv | ed and taken on | record by th | e Board | of Direct | ors at | its meet | ing held on |\n|  | 13 January 2 | 025. The statu | tory audito | rs have issu | ed unmodified rev | iew report o | n these re | sults. |  |  |  |\n| 2 | The Board of | Directors ha | ve declared | an interim | dividend of 1'18 pe | r share inclu | ding a sp | ecial divi | dend | of 1:6 per | share at its |\n|  | meeting held | on 13 Januar | y 2025. The | special div | idend has been dec | lared by the | Board to | celebrate | 25 yea | rs of pu | blic listing. |\n| 3 | Financial res | ults for all th | e periods | presented h | ave been prepared | in accordan | ce with | the Comp | anies | (Indian | Accounting |\n|  | Standards) R | ules, 2015 (a | s amended | from time t | o time) prescribed | under Sectio | n 133 of | the Com | panies | Act, 201 | 3 and other |\n|  | recognised a | ccounting pra | ctices and | policies to th | e extent applicable | . |  |  |  |  |  |\n| 4 | As per Ind | AS 108 'Op | erating Seg | ments', the | Company has d | isclosed the | segmen | t informa | tion o | nly as | part of the |\n|  | consolidated | financial res | ults. |  |  |  |  |  |  |  |  |\n|  | By the order | of the Board | of Director | s for HCL T | echnologies Limi | ted |  |  |  |  |  |\n|  | ROSH NI NADAR | Digitally signed by ROSHNI NADAR MALHOTRA | VIJA KU | YA MAR | Digitally signed by VIJAYA KUMAR |  |  | SHIV KUMA | Digitally signed by S KUMARWA | HIV LIA |  |\n|  | MALHQT RA | Date: 2025.01.13 17:01 :04 +05'30' | CHI MY | NNASWA | ~~~~:~~;:~,~~ 11:00:33 +os'30' |  |  | R WA LIA | Date: 2025.01.13 16:58:59 +os·30· |  |  |\n|  | Roshni Nada | r Malhotra | C. V | ijayakumar |  |  |  | Shiv Wal | ia |  |  |\n|  | Chairperson |  | Chie | f Executive | Officer and Manag | ing Director |  | Chief Fin | ancial | Officer |  |\n|  | DIN -023466 | 21 | DIN | -09244485 |  |  |  |  |  |  |  |\n|  | Noida (UP), | India |  |  |  |  |  |  |  |  |  |\n|  | 13 January 20 | 25 |  |  |  |  |  |  |  |  |  |", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "Introduction", "subsection": "SHIV \nKUMA \nR", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "79e9f9fc0a3b393c", "content": "[TABLE] Company: HCL | Year: FY2025 | Section: B S R & Co. LLP\nChartered Accountants > To the Board of Directors of HCL Technologies Limited | Page: 6\n\n| Cha | rtered Account | ants |  |  | Tel: +91 12 Fax: +91 12 | 4 719 1 4 235 | 000 8613 |  |\n|---|---|---|---|---|---|---|---|---|\n| Lim | ited Review | Report | on unaudite | d cons | olidated | finan | cial resul | ts of HCL |\n| Tec | hnologies L | imited for | the quarter | ended 3 | 1 Decem | ber 2 | 024 and y | ear to date |\n| res | ults for the p | eriod from | 1 April 2024 | to 31 De | cember 2 | 024 p | ursuant to | Regulation |\n| 33 | of Securities | and Exch | ange Board | of India | (Listing | Oblig | ations and | Disclosure |\n| Req | uirements) R | egulation | s, 2015, as a | mended |  |  |  |  |\n| To | the Board of | Directors | of HCL Techn | ologies | Limited |  |  |  |\n| 1. | We have review | ed the acco | mpanying State | ment of un | audited co | nsolida | ted financial r | esults of HCL |\n|  | Technologies Li | mited (herein | after referred to | as “the P | arent”), and | its sub | sidiaries (the | Parent and its |\n|  | subsidiaries tog | ether referre | d to as “the Gro | up”) for th | e quarter en | ded 3 | 1 December 2 | 024 and year |\n|  | to date results | for the perio | d from 1 April | 2024 to | 31 Decemb | er 202 | 4 (“the State | ment”), being |\n|  | submitted by t | he Parent p | ursuant to the | requireme | nts of Reg | ulation | 33 of the S | ecurities and |\n|  | Exchange Boar | d of India (Li | sting Obligation | s and Dis | closure Req | uireme | nts) Regulati | ons, 2015, as |\n|  | amended (\"Listi | ng Regulatio | ns\"). |  |  |  |  |  |\n| 2. | This Statement, | which is the | responsibility of | the Paren | t’s manage | ment an | d approved b | y the Parent’s |\n|  | Board of Direc | tors, has be | en prepared in | accorda | nce with th | e reco | gnition and | measurement |\n|  | principles laid d | own in India | n Accounting St | andard 3 | 4 “Interim F | inancia | l Reporting” | (“Ind AS 34”), |\n|  | prescribed unde | r Section 13 | 3 of the Compan | ies Act, 2 | 013, and oth | er acc | ounting princi | ples generally |\n|  | accepted in Indi | a and in com | pliance with Re | gulation 3 | 3 of the Listi | ng Re | gulations. Our | responsibility |\n|  | is to express a | conclusion on | the Statement | based on | our review. |  |  |  |\n| 3. | We conducted o | ur review of t | he Statement in | accordan | ce with the | Standa | rd on Review | Engagements |\n|  | (SRE) 2410 “R | eview of Inte | rim Financial Inf | ormation | Performed | by the | Independent | Auditor of the |\n|  | Entity”, issued | by the Instit | ute of Chartere | d Accoun | tants of In | dia. A | review of int | erim financial |\n|  | information con | sists of makin | g inquiries, prim | arily of pe | rsons respo | nsible | for financial a | nd accounting |\n|  | matters, and ap | plying analyt | ical and other re | view proc | edures. A re | view is | substantially | less in scope |\n|  | than an audit co | nducted in ac | cordance with S | tandards | on Auditing | and co | nsequently do | es not enable |\n|  | us to obtain ass | urance that | we would becom | e aware o | f all signific | ant mat | ters that migh | t be identified |\n|  | in an audit. Acc | ordingly, we | do not express a | n audit op | inion. |  |  |  |\n|  | We also perform | ed procedur | es in accordance | with the | circular issu | ed by t | he Securities | and Exchange |\n|  | Board of India u | nder Regula | tion 33(8) of the | Listing Re | gulations, t | o the e | xtent applicab | le. |\n| 4. | The Statement i | ncludes the | results of the ent | ities ment | ioned in An | nexure | I to the State | ment: |\n|  |  |  |  |  | Registered Of | fice: |  |  |\n| B S R & Limited | Co. (a partnership firm wit Liability Partnership with L | h Registration No. BA LP Registration No. AA | 61223) converted into B S R B-8181) with effect from Oc | & Co. LLP (a tober 14, 2013 | 14th Floor, Ce Center, Weste | ntral B Win rn Express | g and North C Wing, Ne Highway, Goregaon (E | sco IT Park 4, Nesco ast), Mumbai - 400063 Page 1 of 9 |", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "B S R & Co. LLP\nChartered Accountants", "subsection": "To the Board of Directors of HCL Technologies Limited", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "fed16a12756f387a", "content": "[TABLE] Company: HCL | Year: FY2025 | Section: B S R & Co. LLP\nChartered Accountants > To the Board of Directors of HCL Technologies Limited | Page: 7\n\n| R & Co. | LLP |  |  |  |\n|---|---|---|---|---|\n|  |  |  | Limited R | eview Report (Continued) |\n|  |  |  | H | CL Technologies Limited |\n| Based on our | review cond | ucted and proced | ures performed as sta | ted in paragraph 3 above, nothing |\n| has come to o | ur attention | that causes us to | believe that the acco | mpanying Statement, prepared in |\n| accordance w | ith the reco | gnition and mea | surement principles l | aid down in the aforesaid Indian |\n| Accounting St | andard and | other accounting | principles generally ac | cepted in India, has not disclosed |\n| the informatio | n required to | be disclosed in te | rms of Regulation 33 o | f the Listing Regulations, including |\n| the manner in | which it is to | be disclosed, or | that it contains any ma | terial misstatement. |\n|  |  |  |  | For B S R & Co. LLP |\n|  |  |  |  | Chartered Accountants |\n|  |  |  | Firm’s Registr | ation No.:101248W/W-100022 |\n|  |  |  |  | Rakesh Dewan |\n|  |  |  |  | Partner |\n| ugram |  |  |  | Membership No.: 092212 |\n| anuary 2025 |  |  |  | UDIN:25092212BMMJEX3844 |\n|  |  |  |  | Page 2 of 9 |", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "B S R & Co. LLP\nChartered Accountants", "subsection": "To the Board of Directors of HCL Technologies Limited", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "55fb81608796f143", "content": "[TABLE] Company: HCL | Year: FY2025 | Section: B S R & Co. LLP\nChartered Accountants > Annexure I | Page: 8\n\n| Sr. No | Name of component | Relationship |\n|---|---|---|\n| 1 | HCL Technologies Limited | Parent |\n| 2 | Actian Australia Pty. Limited | Subsidiary |\n| 3 | Actian Corporation. | Subsidiary |\n| 4 | Actian Europe Limited | Subsidiary |\n| 5 | Actian France SAS | Subsidiary |\n| 6 | Actian Germany GmbH | Subsidiary |\n| 7 | Actian International, Inc. | Subsidiary |\n| 8 | Actian Technology Private Limited | Subsidiary |\n| 9 | Anzospan Investments Pty. Ltd | Subsidiary |\n| 10 | Axon Group Limited (formerly Axon Group Plc.) | Subsidiary |\n| 11 | Axon Solutions Limited | Subsidiary |\n| 12 | Butler America Aerospace LLC | Subsidiary |\n| 13 | C3i Europe Eood | Subsidiary |\n| 14 | C3i Japan GK | Subsidiary |\n| 15 | C3i Services &Technologies (Dalian) Co., Ltd | Subsidiary |\n| 16 | C3i Support Services Pvt. Ltd. | Subsidiary |\n| 17 | Confinale (Deutschland) GmbH | Subsidiary |\n| 18 | Confinale (UK) Limited | Subsidiary |\n| 19 | HCL Technologies Switzerland AG | Subsidiary |\n| 20 | Datawave (An HCL Technologies Company) Limited | Subsidiary |", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "B S R & Co. LLP\nChartered Accountants", "subsection": "Annexure I", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "e3bc6705483e5450", "content": "[TABLE] Company: HCL | Year: FY2025 | Section: B S R & Co. LLP\nChartered Accountants > Annexure I | Page: 9\n\n| 21 | DWS (New Zealand) Ltd. | Subsidiary |\n|---|---|---|\n| 22 | DWS (NSW) Pty. Ltd. | Subsidiary |\n| 23 | DWS Pty. Limited | Subsidiary |\n| 24 | Filial Espanola De HCL Technologies S.L. | Subsidiary |\n| 25 | Geometric Americas, Inc. | Subsidiary |\n| 26 | Geometric China Inc. | Subsidiary |\n| 27 | Geometric Europe GmbH | Subsidiary |\n| 28 | H C L Technologies Lanka (Private) Limited | Subsidiary |\n| 29 | HCL (Brazil) Tecnologia da Informação Ltda | Subsidiary |\n| 30 | HCL (Ireland) Information Systems Ltd. | Subsidiary |\n| 31 | HCL (New Zealand) Ltd. | Subsidiary |\n| 32 | HCL America Inc. | Subsidiary |\n| 33 | HCL America Solutions Inc. | Subsidiary |\n| 34 | HCL Arabia LLC | Subsidiary |\n| 35 | HCL Argentina S.A. | Subsidiary |\n| 36 | HCL ASIA PACIFIC PTE. LTD. (Formerly Geometric Asia Pacific Pte. Ltd. | Subsidiary |\n| 37 | HCL Australia Services Pty. Ltd. | Subsidiary |\n| 38 | HCL Axon Solutions (Shanghai) Co. Ltd. | Subsidiary |\n| 39 | HCL Bermuda Ltd. | Subsidiary |\n| 40 | HCL Canada Inc. | Subsidiary |\n| 41 | HCL Comnet Systems & Services Ltd. | Subsidiary |", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 9, "section": "B S R & Co. LLP\nChartered Accountants", "subsection": "Annexure I", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "047521d549868538", "content": "[TABLE] Company: HCL | Year: FY2025 | Section: B S R & Co. LLP\nChartered Accountants > Annexure I | Page: 10\n\n| 42 | HCL EAS Ltd. | Subsidiary |\n|---|---|---|\n| 43 | HCL Great Britain Ltd. | Subsidiary |\n| 44 | HCL Guatemala, Sociedad Anónima | Subsidiary |\n| 45 | HCL Hong Kong SAR Ltd. | Subsidiary |\n| 46 | HCL Insurance BPO Services Limited (formerly Liberata Financial Services Ltd.) | Subsidiary |\n| 47 | HCL Investments (UK) Ltd. | Subsidiary |\n| 48 | HCL Istanbul Teknolojileri Limited | Subsidiary |\n| 49 | HCL Japan Ltd. | Subsidiary |\n| 50 | HCL Latin America Holding LLC | Subsidiary |\n| 51 | HCL Lending Solutions, LLC | Subsidiary |\n| 52 | HCL Muscat Technologies LLC | Subsidiary |\n| 53 | HCL Poland sp. z o.o | Subsidiary |\n| 54 | HCL Singapore Pte. Ltd. | Subsidiary |\n| 55 | HCL Software Products Limited | Subsidiary |\n| 56 | HCL Technologies (PTY) Ltd. | Subsidiary |\n| 57 | HCL Technologies (Shanghai) Limited | Subsidiary |\n| 58 | HCL Technologies (Taiwan) Limited | Subsidiary |\n| 59 | HCL Technologies (Thailand) Limited | Subsidiary |\n| 60 | HCL Technologies Angola (SU), LDA. | Subsidiary |\n| 61 | HCL Technologies Austria GmbH | Subsidiary |\n| 62 | HCL Technologies Azerbaijan Limited Liability | Subsidiary |", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "B S R & Co. LLP\nChartered Accountants", "subsection": "Annexure I", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ae111aff6a3e168b", "content": "[TABLE] Company: HCL | Year: FY2025 | Section: B S R & Co. LLP\nChartered Accountants > Annexure I | Page: 11\n\n| 63 | HCL Technologies B.V. | Subsidiary |\n|---|---|---|\n| 64 | HCL Technologies Bahrain W.L.L | Subsidiary |\n| 65 | HCL Technologies (Beijing) Co. Ltd. | Subsidiary |\n| 66 | HCL Technologies Belgium BV | Subsidiary |\n| 67 | HCL Technologies Bulgaria EooD | Subsidiary |\n| 68 | HCL Technologies Chile SPA | Subsidiary |\n| 69 | HCL Technologies Columbia S.A.S. | Subsidiary |\n| 70 | HCL Technologies Corporate Services Limited | Subsidiary |\n| 71 | HCL Technologies Costa Rica Sociedad De Responsabilidad Limitada | Subsidiary |\n| 72 | HCL Technologies Czech Republic S.R.O. | Subsidiary |\n| 73 | HCL Technologies Denmark Aps | Subsidiary |\n| 74 | HCL Technologies Egypt Ltd. | Subsidiary |\n| 75 | HCL Technologies Estonia OU | Subsidiary |\n| 76 | HCL Technologies Finland Oy | Subsidiary |\n| 77 | HCL Technologies France SAS | Subsidiary |\n| 78 | HCL Technologies gbs GmbH | Subsidiary |\n| 79 | HCL Technologies Germany GmbH | Subsidiary |\n| 80 | HCL Technologies Greece Single Member P.C. | Subsidiary |\n| 81 | HCL Technologies Italy S.P.A. | Subsidiary |\n| 82 | HCL Technologies Jigani Limited | Subsidiary |\n| 83 | HCL Technologies Lithuania UAB | Subsidiary |", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "B S R & Co. LLP\nChartered Accountants", "subsection": "Annexure I", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "a8a8ccda60d9b239", "content": "[TABLE] Company: HCL | Year: FY2025 | Section: B S R & Co. LLP\nChartered Accountants > Annexure I | Page: 12\n\n| 84 | HCL Technologies Luxembourg SARL | Subsidiary |\n|---|---|---|\n| 85 | HCL Technologies Malaysia Sdn Bhd | Subsidiary |\n| 86 | HCL Technologies Mexico S.De.R.L.De.C.V. | Subsidiary |\n| 87 | HCL Technologies Middle East FZ-LLC | Subsidiary |\n| 88 | HCL Technologies Morocco Ltd. | Subsidiary |\n| 89 | HCL Technologies Norway AS | Subsidiary |\n| 90 | HCL Technologies Philippines, Inc. | Subsidiary |\n| 91 | HCL Technologies Romania s.r.l. | Subsidiary |\n| 92 | HCL Technologies S.A.C | Subsidiary |\n| 93 | HCL Technologies Slovakia s. r. o. | Subsidiary |\n| 94 | HCL Technologies Solutions GmbH | Subsidiary |\n| 95 | HCL Technologies South Africa (Proprietary) Limited | Subsidiary |\n| 96 | HCL Technologies Starschema Kft. | Subsidiary |\n| 97 | HCL Technologies Sweden AB | Subsidiary |\n| 98 | HCL Technologies Trinidad and Tobago Limited | Subsidiary |\n| 99 | HCL Technologies UK Ltd. | Subsidiary |\n| 100 | HCL Technologies Vietnam Company Limited | Subsidiary |\n| 101 | HCL Technologies S.A. | Subsidiary |\n| 102 | HCL Training & Staffing Services Private Limited | Subsidiary |\n| 103 | HCL Vietnam Company Limited | Subsidiary |\n| 104 | Phoenix IT & T Consulting Pty Ltd | Subsidiary |\n| 105 | Projects Assured Pty Ltd | Subsidiary |", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "B S R & Co. LLP\nChartered Accountants", "subsection": "Annexure I", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "94ac360b998438c5", "content": "[TABLE] Company: HCL | Year: FY2025 | Section: B S R & Co. LLP\nChartered Accountants > Annexure I | Page: 13\n\n| 106 | PT HCL Technologies Indonesia | Subsidiary |\n|---|---|---|\n| 107 | Quest Informatics Private Limited | Subsidiary |\n| 108 | Sankalp Semiconductor GmbH | Subsidiary |\n| 109 | Sankalp Semiconductor Inc. | Subsidiary |\n| 110 | Sankalp Semiconductor Private Limited | Subsidiary |\n| 111 | Sankguj Semiconductor Private Limited | Subsidiary |\n| 112 | Starschema Inc. | Subsidiary |\n| 113 | Symplicit Pty Ltd | Subsidiary |\n| 114 | Versant GmbH | Subsidiary |\n| 115 | Versant India Private Limited | Subsidiary |\n| 116 | Wallis Nominees (Computing) Pty Ltd | Subsidiary |\n| 117 | HCL Technologies Stock Options Trust | Controlled Trust |\n| 118 | ASAP Holding GmbH | Subsidiary |\n| 119 | ASAP Engineering GmbH, Weissach | Subsidiary |\n| 120 | ASAP Engineering GmbH, Gaimersheim | Subsidiary |\n| 121 | ASAP Engineering GmbH, Rüsselsheim | Subsidiary |\n| 122 | ASAP Electronics GmbH, Gaimersheim | Subsidiary |\n| 123 | ASAP Engineering GmbH, Weyhausen | Subsidiary |\n| 124 | ASAP Engineering GmbH, Friedrichshafen | Subsidiary |\n| 125 | ASAP Quality Consulting GmbH, Gaimersheim | Subsidiary |\n| 126 | FIDUS Personal GmbH | Subsidiary |\n| 127 | Dicturus Grundstücksverwaltungsgesellschaft mbH & Co. | Subsidiary |", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "B S R & Co. LLP\nChartered Accountants", "subsection": "Annexure I", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "6facae5e6885586e", "content": "[TABLE] Company: HCL | Year: FY2025 | Section: B S R & Co. LLP\nChartered Accountants > Annexure I | Page: 14\n\n|  | Vermietungs KG, |  |\n|---|---|---|\n| 128 | HCL Technologies Holding UK Limited | Subsidiary |\n| 129 | Zeenea SAS | Subsidiary |\n| 130 | Zeenea Benelux | Subsidiary |\n| 131 | Zeenea Inc. (liquidated w.e.f November 25, 2024) | Subsidiary |\n| 132 | HCL Technologies Sdn. Bhd. (Incorporated on October 30, 2024) | Subsidiary |", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "B S R & Co. LLP\nChartered Accountants", "subsection": "Annexure I", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "c577a861013f517f", "content": "[TABLE] Company: HCL | Year: FY2025 | Section: B S R & Co. LLP\nChartered Accountants > To the Board of Directors of HCL Technologies Limited | Page: 15\n\n| B | S R & | Co | . LLP |  | DLF Cyber Gurugram | City, - 122 | Phase - II 002, India |\n|---|---|---|---|---|---|---|---|\n| Cha | rtered Accoun | tants |  |  | Tel: +91 12 Fax: +91 1 | 4 719 24 23 | 1000 5 8613 |\n| Lim | ited Revie | w Re | port on una | udited | standalone | fina | ncial results of HCL |\n| Tec | hnologies L | imite | d for the quar | ter ende | d 31 Decem | ber | 2024 and year to date |\n| res | ults for the p | eriod | from 1 April 2 | 024 to 3 | 1 December | 2024 | pursuant to Regulation |\n| 33 | of Securitie | s and | Exchange Bo | ard of In | dia (Listing | Obli | gations and Disclosure |\n| Req | uirements) | Regul | ations, 2015, a | s amend | ed |  |  |\n| To | the Board of | Direc | tors of HCL Te | chnolog | ies Limited |  |  |\n| 1. | We have revie | wed th | e accompanying | Statement | of unaudited s | tanda | lone financial results of HCL |\n|  | Technologies L | imited | (hereinafter referr | ed to as “t | he Company”) f | or the | quarter ended 31 December |\n|  | 2024 and year | to date | results for the peri | od from 1 | April 2024 to 31 | Dece | mber 2024 (“the Statement”). |\n| 2. | This Statement | , which | is the responsibili | ty of the C | ompany’s mana | geme | nt and approved by its Board |\n|  | of Directors, ha | s been | prepared in acco | rdance wit | h the recognitio | n and | measurement principles laid |\n|  | down in Indian | Accou | nting Standard 34 | “Interim Fi | nancial Reporti | ng” (“I | nd AS 34”), prescribed under |\n|  | Section 133 of | the Co | mpanies Act, 2013 | , and othe | r accounting pri | ncipl | es generally accepted in India |\n|  | and in compli | ance w | ith Regulation 33 | of the S | ecurities and | Excha | nge Board of India (Listing |\n|  | Obligations an | d Discl | osure Requiremen | ts) Regul | ations, 2015, as | ame | nded (“Listing Regulations”). |\n|  | Our responsibi | lity is to | issue a report on | the State | ment based on | our re | view. |\n| 3. | We conducted | our rev | iew of the Stateme | nt in acco | rdance with the | Stand | ard on Review Engagements |\n|  | (SRE) 2410 “R | eview | of Interim Financi | al Informa | tion Performed | by th | e Independent Auditor of the |\n|  | Entity”, issued | by th | e Institute of Cha | rtered Ac | countants of In | dia. | A review of interim financial |\n|  | information con | sists o | f making inquiries, | primarily | of persons resp | onsibl | e for financial and accounting |\n|  | matters, and a | pplying | analytical and oth | er review | procedures. A r | eview | is substantially less in scope |\n|  | than an audit c | onduct | ed in accordance w | ith Stand | ards on Auditing | and c | onsequently does not enable |\n|  | us to obtain as | suranc | e that we would be | come aw | are of all signific | ant m | atters that might be identified |\n|  | in an audit. Ac | cording | ly, we do not expr | ess an au | dit opinion. |  |  |\n| 4. | Based on our r | eview c | onducted as abov | e, nothing | has come to ou | r atten | tion that causes us to believe |\n|  | that the accom | panyin | g Statement, prep | ared in a | ccordance with | the r | ecognition and measurement |\n|  | principles laid | down i | n the aforesaid In | dian Acc | ounting Standar | d an | d other accounting principles |\n|  | generally acce | pted in | India, has not dis | closed th | e information re | quire | d to be disclosed in terms of |\n|  | Regulation 33 | of the L | isting Regulations | , including | the manner in | which | it is to be disclosed, or that it |\n|  | contains any m | aterial | misstatement. |  |  |  |  |\n|  |  |  |  |  |  |  | For B S R & Co. LLP |\n|  |  |  |  |  |  |  | Chartered Accountants |\n|  |  |  |  |  | Firm’s Regist | ratio | n No.:101248W/W-100022 |\n|  |  |  |  |  |  |  | Rakesh Dewan |\n|  |  |  |  |  |  |  | Partner |\n| Gur | ugram |  |  |  |  |  | Membership No.: 092212 |\n| 13 J | anuary 2025 |  |  |  |  | UDIN | :25092212BMMJEW7752 |\n|  |  |  |  |  | Registered O | ffice: |  |\n| B S R & Limited | Co. (a partnership firm w Liability Partnership with | ith Registrat LLP Registr | ion No. BA61223) converted in ation No. AAB-8181) with effect | to B S R & Co. LL from October 14 | P (a 14th Floor, C , 2013 Center, West | entral B W ern Expre | ing and North C Wing, Nesco IT Park 4, Nesco ss Highway, Goregaon (East), Mumbai - 400063 Page 1 of 1 |", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "B S R & Co. LLP\nChartered Accountants", "subsection": "To the Board of Directors of HCL Technologies Limited", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "6b6120cce3ea8e9f", "content": "[TABLE] Company: HCL | Year: FY2025 | Section: B S R & Co. LLP\nChartered Accountants > 855 \n-\n855 | Page: 16\n\n|  |  |  | Register | ed Offic | e : 806, S | iddharth, 96 Nehr | u Place, N | ew Delhi, 110 0 | 19 |  |  |\n|---|---|---|---|---|---|---|---|---|---|---|---|\n|  |  |  | Corpor | ate Offi | ce: Plot | No. 3A, Sector 126 | , Noida 201 | 304, U.P., Ind | ia |  |  |\n|  |  | Web | site: www | .hcltec | h.com; T | elephone: +91112 | 6436336; F | ax no: +91120 | 4680330 |  |  |\n| ons | olidated Statem | ent of Fina | ncial Res | ults of | HCL Te | chnologies Limi | ted as per | Ind AS: |  |  |  |\n|  |  |  |  |  |  |  |  |  |  | (1' in | crores |\n|  |  | Particulars |  |  |  | Three mon | ths ended |  | Nine months e | nded Previo en | us year ded |\n|  |  |  |  |  | 31 | December 30 Sept 2024 20 | em her 31 24 | December 31 2023 | December 31 2024 | December 31 2023 2 | March 024 |\n|  |  |  |  |  | (U | naudited) (Unau | dited) (U | naudited) (U | naudited) (U | naudited) (Au | dited) |\n| I | Revenue |  |  |  |  |  |  |  |  |  |  |\n|  | Revenue from ope | rations |  |  |  | 29,890 | 28,862 | 28,446 | 86,809 | 81,414 | 109,913 |\n|  | Other income |  |  |  |  | 477 | 456 | 370 | 2,036 | 1,079 | 1,495 |\n|  | Total income |  |  |  |  | 30,367 | 29,318 | 28,816 | 88,845 | 82,493 | 111,408 |\n| II | Expenses |  |  |  |  |  |  |  |  |  |  |\n|  | Purchase of stock | -in-trade |  |  |  | 578 | 480 | 417 | 1,462 | 1,262 | 1,754 |\n|  | Changes in invent | ories of stock | -in-trade |  |  | 66 | (14) | (67) | 77 | 25 | 43 |\n|  | Employee benefit | s expense |  |  |  | 16,576 | 16,523 | 15,862 | 49,509 | 46,129 | 62,480 |\n|  | Outsourcing costs |  |  |  |  | 3,874 | 3,748 | 3,732 | 11,163 | 10,868 | 14,578 |\n|  | Finance costs |  |  |  |  | 166 | 131 | 140 | 488 | 382 | 553 |\n|  | Depreciation and | amortization | expense |  |  | 1,039 | 1,007 | 1,143 | 3,044 | 3,080 | 4,173 |\n|  | Other expenses |  |  |  |  | 1,936 | 1,756 | 1,715 | 5,576 | 5,049 | 6,860 |\n|  | Total expenses |  |  |  |  | 24,235 | 23,631 | 22,942 | 71,319 | 66,795 | 90,441 |\n| III | Profit before tax |  |  |  |  | 6,132 | 5,687 | 5,874 | 17,526 | 15,698 | 20,967 |\n| IV | Tax expense |  |  |  |  |  |  |  |  |  |  |\n|  | Current tax |  |  |  |  | 1,229 | 1,191 | 1,348 | 3,672 | 3,621 | 4,626 |\n|  | Deferred tax char | ge |  |  |  | 309 | 259 | 175 | 764 | 362 | 631 |\n|  | Total tax expense |  |  |  |  | 1,538 | 1,450 | 1,523 | 4,436 | 3,983 | 5,257 |\n| V | Profit for the per | iod/ year |  |  |  | 4,594 | 4,237 | 4,351 | 13,090 | 11,715 | 15,710 |\n| VI (A) | Other comprehen (i) Items that will | sive income not be recla | (loss) ssified to | stateme | nt of | (4) | (47) | 2 | (55) | 3 | 32 |\n|  | profit and loss (ii) Income tax r reclassified to stat | elating to it ement of pro | ems that fit and los | will no s | t be | (1) | 37 | - | 36 | - | (8 |\n| (B) | (i) Items that wi | ll be reclass | ified to s | tatemen | t of | (382) | 452 | 543 | 87 | 949 | 943 |\n|  | profit and loss |  |  |  |  |  |  |  |  |  |  |\n|  | (ii) Income tax reclassified to stat | relating to ement of pro | items th fit and los | at will s | be | (27) | 114 | 55 | 45 | (28) | (112 |\n|  | Total other comp | rehensive in | come (loss | ), net of | tax | (414) | 556 | 600 | 113 | 924 | 855 |\n| VII | Total comprehen | sive income f | or the pe | riod/ ye | ar | 4,180 | 4,793 | 4,951 | 13,203 | 12,639 | 16,565 |\n|  | Profit (loss) for th | e period/ ye | ar attribu | table to |  |  |  |  |  |  |  |\n|  | Owners of the Co | mpany |  |  |  | 4,591 | 4,235 | 4,350 | 13,083 | 11,716 | 15,702 |\n|  | Non-controlling i | nterest |  |  |  | 3 | 2 | 1 | 7 | (1) | 8 |\n|  |  |  |  |  |  | 4,594 | 4,237 | 4,351 | 13,090 | 11,715 | 15,710 |\n|  | Other comprehen | sive income | (loss) for | the per | iod/ |  |  |  |  |  |  |\n|  | year attributable | to |  |  |  |  |  |  |  |  |  |\n|  | Owners of the Co | mpany |  |  |  | (414) | 556 | 600 | 113 | 924 | 855 |\n|  | Non-controlling i | nterest |  |  |  | - | - | - | - | - | - |\n|  | Total comprehen | sive income | (loss) for | the per | iod/ | (414) | 556 | 600 | 113 | 924 | 855 |\n|  | year attributable Owners of the Co | to mpany |  |  |  | 4,177 | 4,791 | 4,950 | 13,196 | 12,640 | 16,557 |\n|  | Non-controlling i | nterest |  |  |  | 3 | 2 | 1 | 7 | (1) | 8 |\n|  |  |  |  |  |  | 4,180 | 4,793 | 4,951 | 13,203 | 12,639 | 16,565 |\n|  | Earnings per equ | ity share of 1 | ' 2 each |  |  |  |  |  |  |  |  |\n|  | Basic (in 1) |  |  |  |  | 16.94 | 15.62 | 16.06 | 48.26 | 43.27 | 57.99 |\n|  | Diluted (in 1') |  |  |  |  | 16.93 | 15.61 | 16.03 | 48.23 | 43.19 | 57.86 |\n|  | Dividend per equ | ity share of | 1' 2 each |  |  |  |  |  |  |  |  |\n|  | Interim dividend | paid (in 1') |  |  |  | 12 | 12 | 12 | 42 | 40 | 52 |\n|  | Total dividend p | aid (in 1') |  |  |  | 12 | 12 | 12 | 42 | 40 | 52 |", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "B S R & Co. LLP\nChartered Accountants", "subsection": "855 \n-\n855", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "8ef84423a824ed3d", "content": "[TABLE] Company: HCL | Year: FY2025 | Section: B S R & Co. LLP\nChartered Accountants > Inter-segment revenue \nIT and Business Services \n-\n-\n-\n-\n-\nEngineering and R&D services \n-\n-\n-\n-\n-\nHCL Software \n98 \n92 \n93 \n282 \n284 | Page: 17\n\n|  |  |  | HC | L TEC | HNOLOGIES | LIMITED |  |  |  |\n|---|---|---|---|---|---|---|---|---|---|\n|  |  |  | Corporate | Identity | Number: L74140 | DL1991PLC046369 |  |  |  |\n|  |  | Registe | red Office : | 806, Sid | dharth, 96 Nehru | Place, New Delhi, 11 | 0 019 |  |  |\n|  |  | Corpo | rate Office: | Plot No. | 3A, Sector 126, | Noida 201 304, U.P., I | ndia |  |  |\n|  |  | Website: ww | w.hcltech.c | om; Tele | phone: +911126 | 436336; Fax no: +911 | 20 4680330 |  |  |\n| ent Informa | tion of | Consolidated F | inancial R | esults as | per Ind AS : |  |  | (1: i | n crores) |\n| P | articular | s | 31 Dece 202 | Thr mber 3 4 | ee months ended 0 September 31 2024 | Ni December 31 Dec 2023 202 | ne months ended ember 31 Dec 4 202 | Previou end ember 31 Ma 3 202 | s year ed rch 4 |\n| nue from oper | ations f | rom external | (Unaud | ited) | (Unaudited) ( | Unaudited) (Unau | dited) (Unau | dited) (Audi | ted) |\n| mers T and Business | Service | s |  | 21,803 | 21,544 | 20,417 | 64,252 | 59,970 | 81,179 |\n| ngineering an | d R&D s | ervices |  | 4,798 | 4,545 | 4,700 | 13,798 | 13,058 | 17,667 |\n| CL Software |  |  |  | 3,289 | 2,773 | 3,329 | 8,759 | 8,386 | l l,067 |\n| l |  |  |  | 29,890 | 28,862 | 28,446 | 86,809 | 81,414 | 109,913 |\n| -segment reve | nue |  |  |  |  |  |  |  |  |\n| IT and Busine | ss Servic | es |  | - | - | - | - | - | - |\n| Engineering a | nd R&D | services |  | - | - | - | - | - | - |\n| HCL Software |  |  |  | 98 | 92 | 93 | 282 | 284 | 387 |\n| l |  |  |  | 98 | 92 | 93 | 282 | 284 | 387 |\n| ent revenues |  |  |  |  |  |  |  |  |  |\n| IT and Busine | ss Servic | es |  | 21,803 | 21,544 | 20,417 | 64,252 | 59,970 | 81,179 |\n| Engineering a | nd R&D | services |  | 4,798 | 4,545 | 4,700 | 13,798 | 13,058 | 17,667 |\n| HCL Software |  |  |  | 3,387 | 2,865 | 3,422 | 9,041 | 8,670 | l l,454 |\n| Inter-segment | eliminat | ion |  | (98) | (92) | (93) | (282) | (284) | (387) |\n| l |  |  |  | 29,890 | 28,862 | 28,446 | 86,809 | 81,414 | 109,913 |\n| ent results |  |  |  |  |  |  |  |  |  |\n| IT and Busine | ss Servic | es |  | 3,752 | 3,788 | 3,496 | ll,018 | 10,272 | 13,789 |\n| Engineering a | nd R&D | services |  | 901 | 842 | 995 | 2,487 | 2,504 | 3,422 |\n| HCL Software |  |  |  | 1,168 | 732 | 1,124 | 2,473 | 2,233 | 2,816 |\n| l Unallocable ex | penses |  |  | 5,821 (159) | 5,362 (128) | 5,615 (Ill) | 15,978 (397) | 15,009 (390) | 20,027 (555) |\n| Other income t before tax Tax expense |  |  |  | 470 6,132 | 453 5,687 | 370 5,874 | 1,945 17,526 | 1,079 15,698 | 1,495 20,967 |\n| t for the perio | d/ year |  |  | (1,538) 4,594 | (1,450) 4,237 | (1,523) 4,351 | (4,436) 13,090 | (3,983) 11,715 | (5,257) 15,710 |\n| s: |  |  |  |  |  |  |  |  |  |\n| ets and liab | ilities a | re not identifie | d to any | reportab | le segments, si | nce these are used | interchangea | bly across segm | ents and |\n| quently, the | manag | ement believes t | hat it is n | ot practi | cable or meanin | gful to provide seg | ment disclosur | es relating to to | tal assets |\n| iabilities. |  |  |  |  |  |  |  |  |  |\n| ective 1 Apri | l 2024, | services related | to certain | software | products, prev | iously under HCL | Software, are | now managed b | y IT and |\n| ess Services | and En | gineering and R | &D Servic | es segm | ents. Revenues | and results have be | en reported un | der respective s | egments, |\n| prior period | figures | restated. The im | pact of thi | s change | is immaterial f | or the segments. |  |  |  |", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "B S R & Co. LLP\nChartered Accountants", "subsection": "Inter-segment revenue \nIT and Business Services \n-\n-\n-\n-\n-\nEngineering and R&D services \n-\n-\n-\n-\n-\nHCL Software \n98 \n92 \n93 \n282 \n284", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "a3a0d7304a3757c6", "content": "[TABLE] Company: HCL | Year: FY2025 | Section: B S R & Co. LLP\nChartered Accountants > Inter-segment revenue \nIT and Business Services \n-\n-\n-\n-\n-\nEngineering and R&D services \n-\n-\n-\n-\n-\nHCL Software \n98 \n92 \n93 \n282 \n284 | Page: 18\n\n|  |  |  | R | egistered Office: | 806, Siddharth, | 96 Nehru Plac | e, New Delhi, | 110 019 |  |  |\n|---|---|---|---|---|---|---|---|---|---|---|\n|  |  |  |  | Corporate Office: | Plot No. 3A, S | ector 126, Noid | a 201304, U.P. | , India |  |  |\n|  |  | We | bsi | te: www.hcltech.co | m; Telephone: | +9111 264363 | 36; Fax no: +9 | 1120 4680330 |  |  |\n| tand | alone State | ment of Financ | ial | Results of HCL T | echnologies | Limited as pe | r Ind AS: |  |  |  |\n|  |  |  |  |  | Thr | ee months ended |  | Nine month | s ended Previou ende | s year d |\n|  |  | Particulars |  |  | 31 December 3 2024 (Unaudited) | 0 September 2024 (Unaudited) | 31 December 2023 (Unaudited) | 31 December 2024 (Unaudited) | 31 December 31 Marc 2023 (Unaudited) (Audi | h 2024 ted) |\n| I | Revenue Revenue fro | m operations |  |  | 13,274 | 12,615 | 12,531 | 37,673 | 36,041 | 48,118 |\n|  | Other income Total income |  |  |  | 344 13,618 | 284 12,899 | 261 12,792 | 949 38,622 | 775 36,816 | 1,076 49,194 |\n| II | Expenses Purchase of s Changes in in Employee be Outsourcing | tock-in-trade ventories of stoc nefits expense costs | k-in | -trade | 27 (1) 5,648 1,767 | 34 2 5,501 1,662 | 26 (11) 5,173 1,757 | 92 15 16,554 5,219 | 86 4 15,663 5,269 | 135 10 20,965 7,105 |\n| III | Finance costs Depreciation Other expens Total expens Profit before | and amortization es es tax | ex | pense | 38 613 846 8,938 4,680 | 30 559 795 8,583 4,316 | 29 678 749 8,401 4,391 | 115 1,743 2,487 26,225 12,397 | 91 1,767 2,186 25,066 11,750 | 125 2,371 3,027 33,738 15,456 |\n| IV | Tax expense Current tax Deferred tax | charge |  |  | 784 370 | 859 241 | 883 159 | 2,317 859 | 2,375 464 | 2,873 909 |\n| V | Total tax exp Profit for the | ense period/year |  |  | 1,154 3,526 | 1,100 3,216 | 1,042 3,349 | 3,176 9,221 | 2,839 8,911 | 3,782 11,674 |\n| VI | Other compr | ehensive income | (lo | ss) |  |  |  |  |  |  |\n| (A) | (i) Items that of profit and | will not be reclas loss | sifi | ed to statement | 1 | (49) | - | (48) | (1) | 27 |\n|  | (ii) Income ta reclassified t | x relating to item o statement of pro | s th fit | at will not be and loss | (1) | 37 | - | 36 | - | (8) |\n| (B) | (i) Items that profit and los | will be reclassifie s | d to | statement of | 97 | (478) | (214) | (289) | 157 | 532 |\n|  | (ii) Income ta reclassified t | x relating to item o statement of pro | s th fit | at will be and loss | (27) | 114 | 56 | 45 | (28) | (112) |\n|  | Total other c | omprehensive in | com | e (loss), net of |  |  |  |  |  |  |\n|  | tax |  |  |  | 70 | (376) | (158) | (256) | 128 | 439 |\n| VII | Total compr | ehensive income | for | the period/ |  |  |  |  |  |  |\n|  | year |  |  |  | 3,596 | 2,840 | 3,191 | 8,965 | 9,039 | 12,113 |\n|  | Earnings per | equity share of | 1 2 | each |  |  |  |  |  |  |\n|  | Basic | (in 1) |  |  | 13.01 | 11.87 | 12.37 | 34.01 | 32.91 | 43.11 |\n|  | Diluted | (in 1) |  |  | 13.00 | 11.86 | 12.34 | 33.99 | 32.85 | 43.02 |\n|  | Dividend pe Interim divid | r equity share of end paid (in 1) | 12 | each | 12 | 12 | 12 | 42 | 40 | 52 |", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "B S R & Co. LLP\nChartered Accountants", "subsection": "Inter-segment revenue \nIT and Business Services \n-\n-\n-\n-\n-\nEngineering and R&D services \n-\n-\n-\n-\n-\nHCL Software \n98 \n92 \n93 \n282 \n284", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "168fb8c6b69b6f38", "content": "[TABLE] Company: HCL | Year: FY2025 | Section: B S R & Co. LLP\nChartered Accountants > SHIV \nKUMA \nR | Page: 19\n\n|  |  |  |  | HCL TE | CHNOLOGIES | LIMITED |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|---|---|---|\n|  |  |  | Cor | porate Ident | ity Number: L7414 | 0DL1991PLC0 | 46369 |  |  |  |  |\n|  |  |  | Registered | Office : 806, | Siddharth, 96 Nehru | Place, New | Delhi, 110 | 019 |  |  |  |\n|  |  |  | Corporate | Office: Plot | No. 3A, Sector 126, | Noida 201304 | , U.P., In | dia |  |  |  |\n|  |  | Web | site: www.h | cltech.com; T | elephone: +9111 26 | 436336; Fax n | o: +9112 | 0 4680330 |  |  |  |\n| Note | s: |  |  |  |  |  |  |  |  |  |  |\n| 1 | The consolid | ated and the | standalone | financial re | sults for the three a | nd nine mon | ths ende | d 31 Dec | ember | 2024 wer | e reviewed |\n|  | by the Audi | t Committee | and have b | een approv | ed and taken on | record by th | e Board | of Direct | ors at | its meet | ing held on |\n|  | 13 January 2 | 025. The statu | tory audito | rs have issu | ed unmodified rev | iew report o | n these re | sults. |  |  |  |\n| 2 | The Board of | Directors ha | ve declared | an interim | dividend of 1'18 pe | r share inclu | ding a sp | ecial divi | dend | of 1:6 per | share at its |\n|  | meeting held | on 13 Januar | y 2025. The | special div | idend has been dec | lared by the | Board to | celebrate | 25 yea | rs of pu | blic listing. |\n| 3 | Financial res | ults for all th | e periods | presented h | ave been prepared | in accordan | ce with | the Comp | anies | (Indian | Accounting |\n|  | Standards) R | ules, 2015 (a | s amended | from time t | o time) prescribed | under Sectio | n 133 of | the Com | panies | Act, 201 | 3 and other |\n|  | recognised a | ccounting pra | ctices and | policies to th | e extent applicable | . |  |  |  |  |  |\n| 4 | As per Ind | AS 108 'Op | erating Seg | ments', the | Company has d | isclosed the | segmen | t informa | tion o | nly as | part of the |\n|  | consolidated | financial res | ults. |  |  |  |  |  |  |  |  |\n|  | By the order | of the Board | of Director | s for HCL T | echnologies Limi | ted |  |  |  |  |  |\n|  | ROSH NI NADAR | Digitally signed by ROSHNI NADAR MALHOTRA | VIJA KU | YA MAR | Digitally signed by VIJAYA KUMAR |  |  | SHIV KUMA | Digitally signed by S KUMARWA | HIV LIA |  |\n|  | MALHQT RA | Date: 2025.01.13 17:01 :04 +05'30' | CHI MY | NNASWA | ~~~~:~~;:~,~~ 11:00:33 +os'30' |  |  | R WA LIA | Date: 2025.01.13 16:58:59 +os·30· |  |  |\n|  | Roshni Nada | r Malhotra | C. V | ijayakumar |  |  |  | Shiv Wal | ia |  |  |\n|  | Chairperson |  | Chie | f Executive | Officer and Manag | ing Director |  | Chief Fin | ancial | Officer |  |\n|  | DIN -023466 | 21 | DIN | -09244485 |  |  |  |  |  |  |  |\n|  | Noida (UP), | India |  |  |  |  |  |  |  |  |  |\n|  | 13 January 20 | 25 |  |  |  |  |  |  |  |  |  |", "company": "HCL", "ticker": "HCLTECH", "source_file": "HCL.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "B S R & Co. LLP\nChartered Accountants", "subsection": "SHIV \nKUMA \nR", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "753333c94e2bf75a", "content": "CIN: L65920MH1994PLC080618 Email: shareholder.grievances@hdfcbank.com Website: www.hdfcbank.com HDFC Bank Limited, HDFC House, H.T. Parekh Marg 165-166, Backbay Reclamation, Churchgate, Mumbai- 400020 Tel.:022-66316000 Ref. No. SE/2025-26/09 April 19, 2025 BSE Limited National Stock Exchange of India Limited Dept of Corporate Services The Listing Department Phiroze Jeejeebhoy Towers, Exchange Plaza Dalal Street, Fort, Bandra Kurla Complex, Mumbai 400 001 Mumbai 400 051 Scrip code: 500180 Scrip code: HDFCBANK Dear Sir/Madam, Sub: Outcome of Board Meeting held on April 19, 2025 Pursuant to Regulation 30, 33, 42 and other applicable provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with various circulars issued by the Securities and Exchange Board of India and Stock Exchanges and our letter dated March 18, 2025, we enclose herewith i. Financial results including the audited standalone and consolidated financial results of the Bank for the quarter and year ended March 31, 2025 (“Results”) ii. Audit Reports issued by the Joint Statutory Auditors of the Bank iii. Press Release on the said Results The Joint Statutory Auditors of the Bank, Price Waterhouse LLP, Chartered Accountants and Batliboi & Purohit, Chartered Accountants have issued the Audit Report on the Standalone and Consolidated financial results for the year ended March 31, 2025 with an unmodified audit opinion.", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 2, "section": "Introduction", "subsection": "Please note that the Board Meeting commenced at 11.00 a.m. today, i.e. on April 19, 2025 and \nthe said financial results and dividend were approved by the Board at 1.10 p.m. Thereafter, the \nBoard meeting continued for consideration of other agenda items. \n \nThis is for your information and appropriate dissemination. \n \nThanking you, \n \nYours truly, \n \nFor HDFC Bank Limited \n \n \n \nMr. Ajay Agarwal \nCompany Secretary and Head- Group Oversight  \nEncl: a/a", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "52dcaa0872db0a55"}, {"chunk_id": "ae61ebb68adcf526", "content": "Batliboi & Purohit, Chartered Accountants have issued the Audit Report on the Standalone and Consolidated financial results for the year ended March 31, 2025 with an unmodified audit opinion. The Financial Results are being uploaded on the website of the Bank and will also be published in the newspapers. Dividend: The Board also recommended a dividend of Rs. 22 per equity share of Re. 1/- each fully paid up (i.e. 2200 %) for the FY 2024-25, subject to the approval of the shareholders. The record date for determining the eligibility of members entitled to receive the said dividend is Friday, June 27, 2025. Regd. Office: HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013 Please note that the Board Meeting commenced at 11.00 a.m. today, i.e. on April 19, 2025 and the said financial results and dividend were approved by the Board at 1.10 p.m. Thereafter, the Board meeting continued for consideration of other agenda items. This is for your information and appropriate dissemination. Thanking you, Yours truly, For HDFC Bank Limited Mr. Ajay Agarwal Company Secretary and Head- Group Oversight Encl: a/a", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 2, "section": "Introduction", "subsection": "Please note that the Board Meeting commenced at 11.00 a.m. today, i.e. on April 19, 2025 and \nthe said financial results and dividend were approved by the Board at 1.10 p.m. Thereafter, the \nBoard meeting continued for consideration of other agenda items. \n \nThis is for your information and appropriate dissemination. \n \nThanking you, \n \nYours truly, \n \nFor HDFC Bank Limited \n \n \n \nMr. Ajay Agarwal \nCompany Secretary and Head- Group Oversight  \nEncl: a/a", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "52dcaa0872db0a55"}, {"chunk_id": "e23a99da80a9b8d6", "content": "Cm I: I ,J#ii;t•i:i :1 We understand your world HDFC BANK LIMITED CIN: L65920MH1994PLC080618 Sandoz House, Shivsagar Estate, Dr. Annie Besant Road, Wor1I, Mumbai 400 018. Website; https:l/www.hdfcbank.com, Tel.: 022· 66521000, Fax; 022· 2496 0739 STANDALONE FINANCIAL RESULTS FOR THE QUARTER ANO YEAR ENDED MARCH 31, 2025 1? in crore Year ended 31.03.2025 31.03.2024 Audited Audited Particulars 31,03,2025 31.12.2024 31.03.2024 Audited Unaudited Audited /Refer note 61 /Refer note 61 Interest earned (a)+(b)+(c)+(d) 77460.11 76006.88 71472.75 a) Interest/ discount on advances/ bills 60415.79 59923,95 58144.98 b) Income on investments 14427.17 13717.10 11597.75 c) Interest on balances with Reserve Bank of India af!d other 601.12 757.56 459.64 inter.bank funds d) Others 2016.03 1608.27 1270.38 Other Income (Refer note 9 and 19) 12027.88 11453.56 18166.25 Total Income (1)+(2) 89487.99 87460.44 89639.00 Interest expended 45394.31 45353,63 42395.93 Operating expenses (i)+(ii) 17556,98 17106.41 17968.83 i) Employees cost 6115.94 5950.41 6936.19 ii) Other operating expenses 11441.04 11156.00 11032.64 Total Expenditure {4)+(5) {excluding provisions and 62951.29 62460.04 60364.76 contingencies) Operating Profit before provisions and contingencies (3H6) 26536.70 25000.40 29274.24 Provisions (other than tax) and Contingencies (Refer note 15 and 3193.05 3153,85 13511.64 16) Exceptional items . Profit from ordinary activities before tax (7HBH9) 23343.65 21846.55 15762.60 Tax Expense (Refer note 20) 5727.51 5111.05 (749.25) Net Profit from ordinary activities after tax (10H11) 17616.14 16735,50", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Cm I: I ,J#ii;t•i:i :1 \nWe understand your world", "subsection": "Please note that the Board Meeting commenced at 11.00 a.m. today, i.e. on April 19, 2025 and \nthe said financial results and dividend were approved by the Board at 1.10 p.m. Thereafter, the \nBoard meeting continued for consideration of other agenda items. \n \nThis is for your information and appropriate dissemination. \n \nThanking you, \n \nYours truly, \n \nFor HDFC Bank Limited \n \n \n \nMr. Ajay Agarwal \nCompany Secretary and Head- Group Oversight  \nEncl: a/a", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bff1077cef8b2590"}, {"chunk_id": "55bac84df32aa711", "content": "Exceptional items . Profit from ordinary activities before tax (7HBH9) 23343.65 21846.55 15762.60 Tax Expense (Refer note 20) 5727.51 5111.05 (749.25) Net Profit from ordinary activities after tax (10H11) 17616.14 16735,50 16511.85 Extraordinary items (net of tax expense) . Net Profit for the period (12H13) 17616.14 16735.50 16511.85 Paid up equity share capital (Face Value of? 1/- each) 765.22 764.83 759.69 Reserves excluding revaluation reserves Analytical Ratios and other disclosures: (i) Percentage of shares held by Government of India Nil Nil Nil (ii) Capital Adequacy Ratio 19.55% 19.97% 18.80% (iii) Earnings per share (EPS) (?) (Face Value oft 1/· each): (a) Basic EPS before & after extraordinary items (net of tax 23.03 21.90 21.74 expense) - not annualized (b) Diluted EPS before & after extraordinary items (net of tax 22.93 21,80 21.67 expense)• not annualized (iv) NPA Ratios: (a) Gross NPAs 35222.64 36018.58 31173.32 (b) Net NPAs 11320.43 11587.54 8091.74 (c) % of Gross NP As to Gross Advances 1.33% 1.42% 1.24% (d) % of Net NPAs to Net Advances 0.43% 0.46% 0.33% (v) Return on assets (average) - not annualized 0.48% 0.47% 0.49% (vi) Net _worth 488899.89 468896.94 427634.18 (vii) Outstanding Redeemable Preference Shares . . . (viii) Capital Redemption Reserve . . . (ix) Debt Equity Ratio 0.74 0.84 1.21 (x) Total Debts to Total Assets 14.01% 15.17% 18.30% 300517.04 258340.56 238444.43 207220.01 53319.69 44364,28 2506,31 2040.47 6246.61 4715.80 45632.28 49240.99 346149.32 307581.55 177846.95 149808.10 68174.89 63386.01 23900.53 22240.21 44274,36 41145.80", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Cm I: I ,J#ii;t•i:i :1 \nWe understand your world", "subsection": "Please note that the Board Meeting commenced at 11.00 a.m. today, i.e. on April 19, 2025 and \nthe said financial results and dividend were approved by the Board at 1.10 p.m. Thereafter, the \nBoard meeting continued for consideration of other agenda items. \n \nThis is for your information and appropriate dissemination. \n \nThanking you, \n \nYours truly, \n \nFor HDFC Bank Limited \n \n \n \nMr. Ajay Agarwal \nCompany Secretary and Head- Group Oversight  \nEncl: a/a", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bff1077cef8b2590"}, {"chunk_id": "2c0433f8062911f7", "content": "(x) Total Debts to Total Assets 14.01% 15.17% 18.30% 300517.04 258340.56 238444.43 207220.01 53319.69 44364,28 2506,31 2040.47 6246.61 4715.80 45632.28 49240.99 346149.32 307581.55 177846.95 149808.10 68174.89 63386.01 23900.53 22240.21 44274,36 41145.80 246021.84 213194.11 100127.48 94387.44 11649.42 23492.14 . 88478.06 70895.30 21130.70 10083.03 67347.36 60812.27 . 67347.36 60812.27 765.22 759.69 496854.21 436833.39 9 10 11 12 13 14 15 16 17 Nil Nil 19.55% 18.80% 35222.64 31173.32 11320.43 8091.74 1.33% t.24% 0.43% 0.33% 1.91% 1.98% 488899.89 427634.18 . . 0.74 1.21 14.01% 18.30% • Debt represents borrowings with residual matun/y of more than one year. Total debts represents Iota/ borrowings of the Bank. Regd. Office: HDFC Bank Ltd,, HDFC Bank House, Senapatl Bapat Marg, Lower Parel (West), Mumbai. 400013.", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Cm I: I ,J#ii;t•i:i :1 \nWe understand your world", "subsection": "Please note that the Board Meeting commenced at 11.00 a.m. today, i.e. on April 19, 2025 and \nthe said financial results and dividend were approved by the Board at 1.10 p.m. Thereafter, the \nBoard meeting continued for consideration of other agenda items. \n \nThis is for your information and appropriate dissemination. \n \nThanking you, \n \nYours truly, \n \nFor HDFC Bank Limited \n \n \n \nMr. Ajay Agarwal \nCompany Secretary and Head- Group Oversight  \nEncl: a/a", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bff1077cef8b2590"}, {"chunk_id": "eb6df3670bf56f58", "content": "C• I: 1 ·l iii :f •i: 1 :t We understand your world Segment information in accordance with the RBI guidelines and Accounting Standard 17 - Segment Reporting of the operating segments of the Bank is as under: Particulars 31,03,2025 31.12.2024 31.03.2024 31.03.2025 31.03.2024 Audited Unaudited Audited Audited Audited {Refer note 6) (Refer note 6) 1 Segment Revenue a) Treasury 16910,36 15428.73 20553.30 62227.48 61653.66 b) Retail Banking: 73391.30 71973.92 65065.26 283434.79 233637.87 (i) Digital Banking• 2.40 2.29 1.05 8.59 3.37 (ii) Non Digital Banking 733B8.90 71971.63 65064.21 283426.20 233634.50 c) Wholesale Banking 49637.35 47683.00 48745.92 191964.51 175520.23 d) Other Banking Operations 9573.11 9165.17 8318.92 35449.05 30050.38 e) Unallocated .. - -· - Total 149512.12 144250.82 142683.40 573075.83 500862.14 Less: Inter Senment Revenue 60024.13 56790.38 53044.40 226926.51 193280.59 Income from Ooerations 89487 .99 87460.44 89639.00 346149.32 307581.55 2 Segment Results5 t'( in crore\\ Quarter ended Year ended", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "C• I: 1 ·l iii :f •i: 1 :t \nWe understand your world", "subsection": "Please note that the Board Meeting commenced at 11.00 a.m. today, i.e. on April 19, 2025 and \nthe said financial results and dividend were approved by the Board at 1.10 p.m. Thereafter, the \nBoard meeting continued for consideration of other agenda items. \n \nThis is for your information and appropriate dissemination. \n \nThanking you, \n \nYours truly, \n \nFor HDFC Bank Limited \n \n \n \nMr. Ajay Agarwal \nCompany Secretary and Head- Group Oversight  \nEncl: a/a", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1cebf5fc3b02bf39"}, {"chunk_id": "01a88a5d337d0c05", "content": "a) Treasury 1230.69 924.51 9128.25 4605.36 14190.10 b) Retail Banking: 8148.74 6423.20 426.37 27309.11 15659.91 (i) Digital Banking• 0.02 (0.03) (0.31) 0.04 (1.23} (ii) Non Digital Banking 8148. 72 6423.23 426.68 27309.07 15661.14 c) Wholesale Banking 10406.43 11497.04 3966.26 44543.96 32280.98 d) Other Banking Operatlons 4143.85 3588.17 2825.78 14363.75 11104.00 •' Unallocated 1586.06 (586.37' 1584.06' '2344.12 (2339.69 Total Profit Before Tax 23343.65 21846.55 15762.60 88478.06 70895.30 3 Segment Assets a) Treasury 991874.12 939561.69 822926.80 991874.12 822926.80 b) Retail Banking: 1533890.27 1504060.81 1395089.03 1533890.27 1395089.03 (i) Digital Banking• 81.15 73.53 51.34 81.15 51.34 (ii) Non Digital Banking 1533809.12 1503987.28 1395037.69 1533809.12 1395037.69 c) Wholesale Banking 1247937.97 1179624.34 1274899.43 1247937.97 1274899.43 d) Other Banking Operations 112358.81 108862.24 97097.23 112358.81 97097.23 •' Unallocated 24137.77 26855.46 27610.57 24137.77 27610.57 Total 3910198.94 3758964.54 3617623.06 3910198.94 3617623.06 4 Segment Liabilities5 a) Treasury 83340.18 74522.11 94557.67 83340.18 94557.67 b) Retail Banking: 2312515.85 2273941.41 2046673.65 2312515,85 2046673.65 (i) Digital Banking• 86.16 78,32 56.18 86.16 56.18 (ii) Non Digital Banking 2312429.69 2273863,09 2046617.47 2312429.69 2046617.47 c) Wholesale Banking 956136.34 871158.16 973987.85 956136.34 973987.85 d) Other Banking Operations 8513.18 8364.43 8212.98 8513.18 8212.98 •' Unallocated 48268.77 47957.55 53945.11 48268.77 53945.11 Total 3408774.32 3275943.66 3177377.26 3408774.32 3177377.26 5 Canital, Emn]ouees stock ootions outstandino and Reserves 501424,62 483020.88 440245.80 501424.62 440245.80 6", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "a) \nTreasury \n1230.69 \n924.51 \n9128.25 \n4605.36 \n14190.10 \nb) \nRetail Banking: \n8148.74 \n6423.20 \n426.37 \n27309.11 \n15659.91 \n(i) Digital Banking• \n0.02 \n(0.03) \n(0.31) \n0.04 \n(1.23} \n(ii) Non Digital Banking \n8148. 72 \n6423.23 \n426.68 \n27309.07 \n15661.14 \nc) \nWholesale Banking \n10406.43 \n11497.04 \n3966.26 \n44543.96 \n32280.98 \nd) \nOther Banking Operatlons \n4143.85 \n3588.17 \n2825.78 \n14363.75 \n11104.00 \n•'", "subsection": "Unallocated \n1586.06 \n(586.37' \n1584.06' \n'2344.12 \n(2339.69 \nTotal Profit Before Tax \n23343.65 \n21846.55 \n15762.60 \n88478.06 \n70895.30 \n3 \nSegment Assets \na) \nTreasury \n991874.12 \n939561.69 \n822926.80 \n991874.12 \n822926.80 \nb) \nRetail Banking: \n1533890.27 \n1504060.81 \n1395089.03 \n1533890.27 \n1395089.03 \n(i) Digital Banking• \n81.15 \n73.53 \n51.34 \n81.15 \n51.34 \n(ii) Non Digital Banking \n1533809.12 \n1503987.28 \n1395037.69 \n1533809.12 \n1395037.69 \nc) \nWholesale Banking \n1247937.97 \n1179624.34 \n1274899.43 \n1247937.97 \n1274899.43 \nd) \nOther Banking Operations \n112358.81 \n108862.24 \n97097.23 \n112358.81 \n97097.23 \n•' \nUnallocated \n24137.77 \n26855.46 \n27610.57 \n24137.77 \n27610.57 \nTotal \n3910198.94 \n3758964.54 \n3617623.06 \n3910198.94 \n3617623.06 \n4 \nSegment Liabilities5", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ecabd0e1936fce2d"}, {"chunk_id": "58fba2736a9bd8bb", "content": "•' Unallocated 48268.77 47957.55 53945.11 48268.77 53945.11 Total 3408774.32 3275943.66 3177377.26 3408774.32 3177377.26 5 Canital, Emn]ouees stock ootions outstandino and Reserves 501424,62 483020.88 440245.80 501424.62 440245.80 6 Total f4\\+15l 3910198,94 3758964.54 3617623.06 3910198.94 3617623.06 ·/nformat10n about Digital Banking Segment reported as a sub-segment of Retail Banking Segment is related to Digital Banking Units of the Bank. Business Segments have been identified and reported laking into account the target customer profile, the nature of products and services, the differing risks and returns, the organisation structure, the internal business reporting system and the guidelines prescribed by the RBI. The Segment Assets and Segment Liabilities exclude transfers between segments and are transfer priced on a gross basis. t Segment Results and Liabilities for the periods ended March 31, 2024 are after considering the impact of floating provisions in the respective segments.", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "a) \nTreasury \n1230.69 \n924.51 \n9128.25 \n4605.36 \n14190.10 \nb) \nRetail Banking: \n8148.74 \n6423.20 \n426.37 \n27309.11 \n15659.91 \n(i) Digital Banking• \n0.02 \n(0.03) \n(0.31) \n0.04 \n(1.23} \n(ii) Non Digital Banking \n8148. 72 \n6423.23 \n426.68 \n27309.07 \n15661.14 \nc) \nWholesale Banking \n10406.43 \n11497.04 \n3966.26 \n44543.96 \n32280.98 \nd) \nOther Banking Operatlons \n4143.85 \n3588.17 \n2825.78 \n14363.75 \n11104.00 \n•'", "subsection": "Unallocated \n1586.06 \n(586.37' \n1584.06' \n'2344.12 \n(2339.69 \nTotal Profit Before Tax \n23343.65 \n21846.55 \n15762.60 \n88478.06 \n70895.30 \n3 \nSegment Assets \na) \nTreasury \n991874.12 \n939561.69 \n822926.80 \n991874.12 \n822926.80 \nb) \nRetail Banking: \n1533890.27 \n1504060.81 \n1395089.03 \n1533890.27 \n1395089.03 \n(i) Digital Banking• \n81.15 \n73.53 \n51.34 \n81.15 \n51.34 \n(ii) Non Digital Banking \n1533809.12 \n1503987.28 \n1395037.69 \n1533809.12 \n1395037.69 \nc) \nWholesale Banking \n1247937.97 \n1179624.34 \n1274899.43 \n1247937.97 \n1274899.43 \nd) \nOther Banking Operations \n112358.81 \n108862.24 \n97097.23 \n112358.81 \n97097.23 \n•' \nUnallocated \n24137.77 \n26855.46 \n27610.57 \n24137.77 \n27610.57 \nTotal \n3910198.94 \n3758964.54 \n3617623.06 \n3910198.94 \n3617623.06 \n4 \nSegment Liabilities5", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ecabd0e1936fce2d"}, {"chunk_id": "3fa296e21027c83f", "content": "~Jl:J•J4fi:t,,:t:t We understand your world Notes: 1 Standalone Statement of Assets and liabilities is given below: I? in crore As at Asat Particulars 31.03.2025 31.03.2024 Audited Audited CAPITAL AND LIABILITIES Capital 765.22 759,69 Employees stock options outstanding 3805.19 2652. 72 Reserves and surplus 496854.21 436833.39 Deposits 2714714.90 2379786,28 Borrowings 547930.90 662153.07 Other liabilities and orovisions 146128.52 135437.91 Total 3910198.94 3617623.06 ASSETS Cash and balances with Reserve Bank of India 144355.03 178683.22 Balances with banks and money at cal\\ and short notice 95215.65 40464.19 Investments 836359.68 702414.96 Advances 2619608,61 2484861.52 Fixed assets 13655.40 11398,97 Other assets 201004.57 199800.20 Total 3910198.94 3617623.06 2 Standalone Statement of Cashflows is given below: l?in crore Year ended Particulars 31.03.2025 31.03.2024 Audited Audited Cash flows from operating activities: Profit before income tax 88478.06 70895.30 Adjustments for. Depreciation on fixed assets 3379.47 2810.10 (Profit)/ loss on revaluation of investments 268.40 (943.49) Amortisation of premium I (discount) on investments , (27,87) 844.95 Profit on sale of fixed assets (22.65) (73.82) (Profit) / loss on sate of investment in subsidiary 8.00 (7341.42) Provision / charge for non performing assets 12715.31 10774.82 Floating provisions 10900.00 Provision / (wrjte-back) for standard assets and contingencies (1065.87) 1817.33 Dividend from subsidiaries (2187.01) (1332,39) Employee stock options I units expense 1890.70 1547.40 103436.54 89898.78 Adjustments for: Increase in investments (130200.37) (54833.62)", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "~Jl:J•J4fi:t,,:t:t \nWe understand your world", "subsection": "Unallocated \n1586.06 \n(586.37' \n1584.06' \n'2344.12 \n(2339.69 \nTotal Profit Before Tax \n23343.65 \n21846.55 \n15762.60 \n88478.06 \n70895.30 \n3 \nSegment Assets \na) \nTreasury \n991874.12 \n939561.69 \n822926.80 \n991874.12 \n822926.80 \nb) \nRetail Banking: \n1533890.27 \n1504060.81 \n1395089.03 \n1533890.27 \n1395089.03 \n(i) Digital Banking• \n81.15 \n73.53 \n51.34 \n81.15 \n51.34 \n(ii) Non Digital Banking \n1533809.12 \n1503987.28 \n1395037.69 \n1533809.12 \n1395037.69 \nc) \nWholesale Banking \n1247937.97 \n1179624.34 \n1274899.43 \n1247937.97 \n1274899.43 \nd) \nOther Banking Operations \n112358.81 \n108862.24 \n97097.23 \n112358.81 \n97097.23 \n•' \nUnallocated \n24137.77 \n26855.46 \n27610.57 \n24137.77 \n27610.57 \nTotal \n3910198.94 \n3758964.54 \n3617623.06 \n3910198.94 \n3617623.06 \n4 \nSegment Liabilities5", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "07127a789a7a7f5e"}, {"chunk_id": "184d233a454ad4f3", "content": "(1065.87) 1817.33 Dividend from subsidiaries (2187.01) (1332,39) Employee stock options I units expense 1890.70 1547.40 103436.54 89898.78 Adjustments for: Increase in investments (130200.37) (54833.62) Increase in advances (148903,38) (289444.22) Increase in deposits 334928.62 339132.41 Increase in other assets (7342.45) (29225.41) Increase I (decrease) in other liabilities and provisions 10634.06 1669.23 162553.02 54858.71 Direct laxes paid (net of refunds) {17375.71 {19843.74 Net cash flow from operating activities 145177.31 35014.97 Cash flows from investing activities: Purchase of fixed assets (3198.69) (3834.89) Proceeds from sale of fixed assets 90.45 96.00 Investment in subsidiaries (1309.77) - Proceeds from sale of investment in subsidiary (net) 192,00 9500.67 Dividend from subsidiaries 2187.01 1332.39 Net cash flow (used in)/ from investlng activities (2039.00 7094.17 Proceeds from exercise of convertible equity warrants 3192.81 Proceeds from issue of share capital other than warrants 6346.50 5249.73 Decrease in other borrowings (114429.18) (22275.06) Dividend paid during the year (14826.19 (8404.42 Net cash flow used in financing activities 1122908,87 122236.94 Cash flows from financing activities: Effect of fluctuation in foreign currency translation reserve 193,83 101.26 Net increase in cash and cash equivalents 20423.27 19973.46 Cash and cash equivalents at the beginning of the year 219147.41 193765.08 Cash and cash equivalents acquired on amalgamation 5408.87 Cash and cash equivalents at the end of the year 239570.68 219147.41", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "~Jl:J•J4fi:t,,:t:t \nWe understand your world", "subsection": "Unallocated \n1586.06 \n(586.37' \n1584.06' \n'2344.12 \n(2339.69 \nTotal Profit Before Tax \n23343.65 \n21846.55 \n15762.60 \n88478.06 \n70895.30 \n3 \nSegment Assets \na) \nTreasury \n991874.12 \n939561.69 \n822926.80 \n991874.12 \n822926.80 \nb) \nRetail Banking: \n1533890.27 \n1504060.81 \n1395089.03 \n1533890.27 \n1395089.03 \n(i) Digital Banking• \n81.15 \n73.53 \n51.34 \n81.15 \n51.34 \n(ii) Non Digital Banking \n1533809.12 \n1503987.28 \n1395037.69 \n1533809.12 \n1395037.69 \nc) \nWholesale Banking \n1247937.97 \n1179624.34 \n1274899.43 \n1247937.97 \n1274899.43 \nd) \nOther Banking Operations \n112358.81 \n108862.24 \n97097.23 \n112358.81 \n97097.23 \n•' \nUnallocated \n24137.77 \n26855.46 \n27610.57 \n24137.77 \n27610.57 \nTotal \n3910198.94 \n3758964.54 \n3617623.06 \n3910198.94 \n3617623.06 \n4 \nSegment Liabilities5", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "07127a789a7a7f5e"}, {"chunk_id": "189b27a37c628e14", "content": "20423.27 19973.46 Cash and cash equivalents at the beginning of the year 219147.41 193765.08 Cash and cash equivalents acquired on amalgamation 5408.87 Cash and cash equivalents at the end of the year 239570.68 219147.41 Cash and cash eauiva\\ents includes Cash and balances with Reserve Bank of India and Balances with banks and money at ca\\l and short notice.", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "~Jl:J•J4fi:t,,:t:t \nWe understand your world", "subsection": "Unallocated \n1586.06 \n(586.37' \n1584.06' \n'2344.12 \n(2339.69 \nTotal Profit Before Tax \n23343.65 \n21846.55 \n15762.60 \n88478.06 \n70895.30 \n3 \nSegment Assets \na) \nTreasury \n991874.12 \n939561.69 \n822926.80 \n991874.12 \n822926.80 \nb) \nRetail Banking: \n1533890.27 \n1504060.81 \n1395089.03 \n1533890.27 \n1395089.03 \n(i) Digital Banking• \n81.15 \n73.53 \n51.34 \n81.15 \n51.34 \n(ii) Non Digital Banking \n1533809.12 \n1503987.28 \n1395037.69 \n1533809.12 \n1395037.69 \nc) \nWholesale Banking \n1247937.97 \n1179624.34 \n1274899.43 \n1247937.97 \n1274899.43 \nd) \nOther Banking Operations \n112358.81 \n108862.24 \n97097.23 \n112358.81 \n97097.23 \n•' \nUnallocated \n24137.77 \n26855.46 \n27610.57 \n24137.77 \n27610.57 \nTotal \n3910198.94 \n3758964.54 \n3617623.06 \n3910198.94 \n3617623.06 \n4 \nSegment Liabilities5", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "07127a789a7a7f5e"}, {"chunk_id": "20a2af6c03dca31c", "content": "[•I: i ·lifi:(i :n◄ We understand your world 3 The above standalone financial results have been approved by the Board of Directors at its meeting held on April 19, 2025. The financial resul\\s for the year ended Marcil 31, 2025 have been subjected to an audit by the joint statutory auditors of the Bank viz. Price Waterhouse LLP, Chartered Accountants and Batliboi & Purohit, Chartered Accountants. The financial results for the year ended March 31, 2024 were audited by the Bank's joint statutory auditors - MM Nissim & Co LLP, Chartered Accountants and Price Waterhouse LLP, Chartered Accountants • 4 These financial results have been prepared in accordance with the recognition and measurement principles laid down in Accounting Standards specified under Section 133 of the Companies Act, 2013, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bank of India (\"the RBI\") from lime to time and other accounting principles generally accepted ln India, and are fn compliance with the presentation and disclosure requirements of the Regulation 33 and Regulation 52 read with Regulation 63 (2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (\"SEBI Regulat!ons\") as amended including relevant circulars issued by the SEBI from lime to time. 5", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "[•I: i ·lifi:(i :n◄ \nWe understand your world", "subsection": "Unallocated \n1586.06 \n(586.37' \n1584.06' \n'2344.12 \n(2339.69 \nTotal Profit Before Tax \n23343.65 \n21846.55 \n15762.60 \n88478.06 \n70895.30 \n3 \nSegment Assets \na) \nTreasury \n991874.12 \n939561.69 \n822926.80 \n991874.12 \n822926.80 \nb) \nRetail Banking: \n1533890.27 \n1504060.81 \n1395089.03 \n1533890.27 \n1395089.03 \n(i) Digital Banking• \n81.15 \n73.53 \n51.34 \n81.15 \n51.34 \n(ii) Non Digital Banking \n1533809.12 \n1503987.28 \n1395037.69 \n1533809.12 \n1395037.69 \nc) \nWholesale Banking \n1247937.97 \n1179624.34 \n1274899.43 \n1247937.97 \n1274899.43 \nd) \nOther Banking Operations \n112358.81 \n108862.24 \n97097.23 \n112358.81 \n97097.23 \n•' \nUnallocated \n24137.77 \n26855.46 \n27610.57 \n24137.77 \n27610.57 \nTotal \n3910198.94 \n3758964.54 \n3617623.06 \n3910198.94 \n3617623.06 \n4 \nSegment Liabilities5", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0c23d7fb3491f8e5"}, {"chunk_id": "8d8cdc843647d5a1", "content": "and Disclosure Requirements) Regulations, 2015 (\"SEBI Regulat!ons\") as amended including relevant circulars issued by the SEBI from lime to time. 5 The RBI, vlde its master direction dated September 12, 2023, issued revised norms for the classification, valuation and operation of investment portfolio of banks, which became applicable from April 01, 2024. While hitherto, the investment portfolio was classified under the held to maturity (HTM), available for sale (AFS) and held for trading {HFT) categories, the revised norms bring in a principle-based classification of investment portfolio and a symmetric treatment of fair value gains and losses. In accordance with the revised norms and the Bank's board approved policy, the Bank has classified its investment portfolio as on April 01, 2024 under the categories of held to maturity (HTM), available for sale (AFS), subsidiaries, associates and joint ventures and fair value through profit and loss (FVTPL) with held for trading (HFT) as a sub-category of FVTPL, and from that date, measures and values the investment portfolio under the revised framework. On transition to the framework on April 01, 2024, the Bank has recognised a net gain off 482.87 crore (net of lax off 127.00 crore) whicil has been credited to general reserve, in accordance with the said norms. The impact of the revised framework for the period subsequent to the transition is not", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "[•I: i ·lifi:(i :n◄ \nWe understand your world", "subsection": "Unallocated \n1586.06 \n(586.37' \n1584.06' \n'2344.12 \n(2339.69 \nTotal Profit Before Tax \n23343.65 \n21846.55 \n15762.60 \n88478.06 \n70895.30 \n3 \nSegment Assets \na) \nTreasury \n991874.12 \n939561.69 \n822926.80 \n991874.12 \n822926.80 \nb) \nRetail Banking: \n1533890.27 \n1504060.81 \n1395089.03 \n1533890.27 \n1395089.03 \n(i) Digital Banking• \n81.15 \n73.53 \n51.34 \n81.15 \n51.34 \n(ii) Non Digital Banking \n1533809.12 \n1503987.28 \n1395037.69 \n1533809.12 \n1395037.69 \nc) \nWholesale Banking \n1247937.97 \n1179624.34 \n1274899.43 \n1247937.97 \n1274899.43 \nd) \nOther Banking Operations \n112358.81 \n108862.24 \n97097.23 \n112358.81 \n97097.23 \n•' \nUnallocated \n24137.77 \n26855.46 \n27610.57 \n24137.77 \n27610.57 \nTotal \n3910198.94 \n3758964.54 \n3617623.06 \n3910198.94 \n3617623.06 \n4 \nSegment Liabilities5", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0c23d7fb3491f8e5"}, {"chunk_id": "022eaf198a174ce1", "content": "credited to general reserve, in accordance with the said norms. The impact of the revised framework for the period subsequent to the transition is not ascertainable and as such the income/ profit or loss from investments for the quarter and year ended March 31, 2025 is not comparable with that of the previous period/s. Except for the foregoing, the Bank has applied its significant accounting policies in the preparation of these financial results consistent with those followed in the annual financial statements for the year ended March 31, 2024. Any circular/ direction Issued by RBI is implemented prospectively when ii becomes applicable, unless specifically required under that circular/ direction. 6 The figures of the last quarter in each of the financial years are the balancing figures between audited figures in respect of the full financial year and the published year to date figures upto the end of the third quarter of the respective financial year. 7 The Board of Directors at its meeting held on April 19, 2025, proposed a dividend off 22.00 per share (previous year: f 19.50 per share), subject to approval of the members al the ensuing Annual General Meeting. Effect of the proposed dividend has been reckoned in determining capital funds in the computation of capital adequacy ratios as at March 31, 2025 and March 31, 2024. 8", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "[•I: i ·lifi:(i :n◄ \nWe understand your world", "subsection": "Unallocated \n1586.06 \n(586.37' \n1584.06' \n'2344.12 \n(2339.69 \nTotal Profit Before Tax \n23343.65 \n21846.55 \n15762.60 \n88478.06 \n70895.30 \n3 \nSegment Assets \na) \nTreasury \n991874.12 \n939561.69 \n822926.80 \n991874.12 \n822926.80 \nb) \nRetail Banking: \n1533890.27 \n1504060.81 \n1395089.03 \n1533890.27 \n1395089.03 \n(i) Digital Banking• \n81.15 \n73.53 \n51.34 \n81.15 \n51.34 \n(ii) Non Digital Banking \n1533809.12 \n1503987.28 \n1395037.69 \n1533809.12 \n1395037.69 \nc) \nWholesale Banking \n1247937.97 \n1179624.34 \n1274899.43 \n1247937.97 \n1274899.43 \nd) \nOther Banking Operations \n112358.81 \n108862.24 \n97097.23 \n112358.81 \n97097.23 \n•' \nUnallocated \n24137.77 \n26855.46 \n27610.57 \n24137.77 \n27610.57 \nTotal \n3910198.94 \n3758964.54 \n3617623.06 \n3910198.94 \n3617623.06 \n4 \nSegment Liabilities5", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0c23d7fb3491f8e5"}, {"chunk_id": "8630a5a1490cf4aa", "content": "Effect of the proposed dividend has been reckoned in determining capital funds in the computation of capital adequacy ratios as at March 31, 2025 and March 31, 2024. 8 The Board of Directors at its meeting held on April 04, 2022, approved a composite Scheme of amalgamation (\"Scheme\"), for the amalgamation of: (i) erstwhile HDFC Investments limited (\"eHDFC Investments\") and erstwhile HDFC Holdings Limited (\"eHDFC Holdings\"), with and into erstwhile Housing Development Finance Corporation Limited (\"eHDFC Limited\"); and thereafter (ii) eHDFC Limited into HDFC Bank Limited {\"Bank\"), and their respective shareholders and creditors, under Sections 230 to 232 of the Companies Act, 2013 and other applicable laws including the rules and regulations. The Scheme was approved by the shareholders at the National Company Law Tribunal (\"NCLr) convened meeting of the shareholders of the Bank held on November 25, 2022. The NCLT, in accord9nce with Sections 230 to 232 of the Companies Act, 2013 and rules thereunder, vide its order dated March 17, 2023 sanctioned the Scheme. Upon receipt of all requisite approvals, the Bank filed form INC 28 with Registrar of Companies on July 01, 2023 and accordingly, the scheme became effective on July 01, 2023. As per the Scheme, the appointed date for the amalgamation of eHDFC Limited with and into the Bank is the same as effective date of the Scheme i.e. July 01, 2023.", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "[•I: i ·lifi:(i :n◄ \nWe understand your world", "subsection": "Unallocated \n1586.06 \n(586.37' \n1584.06' \n'2344.12 \n(2339.69 \nTotal Profit Before Tax \n23343.65 \n21846.55 \n15762.60 \n88478.06 \n70895.30 \n3 \nSegment Assets \na) \nTreasury \n991874.12 \n939561.69 \n822926.80 \n991874.12 \n822926.80 \nb) \nRetail Banking: \n1533890.27 \n1504060.81 \n1395089.03 \n1533890.27 \n1395089.03 \n(i) Digital Banking• \n81.15 \n73.53 \n51.34 \n81.15 \n51.34 \n(ii) Non Digital Banking \n1533809.12 \n1503987.28 \n1395037.69 \n1533809.12 \n1395037.69 \nc) \nWholesale Banking \n1247937.97 \n1179624.34 \n1274899.43 \n1247937.97 \n1274899.43 \nd) \nOther Banking Operations \n112358.81 \n108862.24 \n97097.23 \n112358.81 \n97097.23 \n•' \nUnallocated \n24137.77 \n26855.46 \n27610.57 \n24137.77 \n27610.57 \nTotal \n3910198.94 \n3758964.54 \n3617623.06 \n3910198.94 \n3617623.06 \n4 \nSegment Liabilities5", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0c23d7fb3491f8e5"}, {"chunk_id": "34e618a76db34510", "content": "July 01, 2023. As per the Scheme, the appointed date for the amalgamation of eHDFC Limited with and into the Bank is the same as effective date of the Scheme i.e. July 01, 2023. The results for the year ended March 31, 2025 include the operations of eHDFC limited which amalgamated with and into HDFC Bank on July 01, 2023 and hence are not comparable with results for the year ended March 31, 2024. 9 During the quarter and year ended March 31, 2024, in order lo comply with the condition imposed by the RBI in relation to the Scheme, the Bank sold 14,01,72,180 equity shares of HDFC Credila Financial Services Ltd (\"HDFC Credila\"), for a consideration of? 9,552.73 crore, resulting in gain oft 7,341.42 crore (net of tax? 5,526.26 crore). Consequent to the aforesaid sale, HDFC Credila ceased to be a subsidiary of the Bank with effect from Marcil 19, 2024. 10 During the year ended March 31, 2025, the Board of Directors of the Bank approved the sale of 100.00% stake in HDFC Education and Development Services Private Ltd {\"HEADS\"), a subsidiary of eHDFC Limited that became a subsidiary of the Bank upon the Scheme becoming effective, for a consideration oft 192.00 crore, in order to comply with the condition imposed by the RBI in relation to the Scheme. Accordingly, the Bank has divested its entire stake in HEADS. 11", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "[•I: i ·lifi:(i :n◄ \nWe understand your world", "subsection": "Unallocated \n1586.06 \n(586.37' \n1584.06' \n'2344.12 \n(2339.69 \nTotal Profit Before Tax \n23343.65 \n21846.55 \n15762.60 \n88478.06 \n70895.30 \n3 \nSegment Assets \na) \nTreasury \n991874.12 \n939561.69 \n822926.80 \n991874.12 \n822926.80 \nb) \nRetail Banking: \n1533890.27 \n1504060.81 \n1395089.03 \n1533890.27 \n1395089.03 \n(i) Digital Banking• \n81.15 \n73.53 \n51.34 \n81.15 \n51.34 \n(ii) Non Digital Banking \n1533809.12 \n1503987.28 \n1395037.69 \n1533809.12 \n1395037.69 \nc) \nWholesale Banking \n1247937.97 \n1179624.34 \n1274899.43 \n1247937.97 \n1274899.43 \nd) \nOther Banking Operations \n112358.81 \n108862.24 \n97097.23 \n112358.81 \n97097.23 \n•' \nUnallocated \n24137.77 \n26855.46 \n27610.57 \n24137.77 \n27610.57 \nTotal \n3910198.94 \n3758964.54 \n3617623.06 \n3910198.94 \n3617623.06 \n4 \nSegment Liabilities5", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0c23d7fb3491f8e5"}, {"chunk_id": "8a0fdd7ddbfcea1e", "content": "192.00 crore, in order to comply with the condition imposed by the RBI in relation to the Scheme. Accordingly, the Bank has divested its entire stake in HEADS. 11 During the year ended March 31, 2025, the Bank has been allotted 16,13,176 equity shares of HDFC Securities Limited (\"HSL\"), subscribed through a rights issue for a consideration oft 953.23 crore. The Bank's shareholding in HSL stood at 94.55% as at Marcil 31, 2025. 12 During the year ended March 31, 2025, the Bank has been allotted 44,20,059 equity shares of HDFC Ergo General Insurance Limited (\"HDFC Ergo\"), subscribed through a rights issue for a consideration oft 289.07 crore. The Bank's shareholding in HDFC Ergo stood at 50.33% as at March 31, 2025. 13 During the year ended March 31, 2025: the Bank has acquired 69,330 equity shares in HDFC Capita! Advisors Limited CHCAL\") for consideration of? 67.47 crore. The Bank's shareholding in HCAL stood at 89.34% as al Marcil 31, 2025.", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "[•I: i ·lifi:(i :n◄ \nWe understand your world", "subsection": "Unallocated \n1586.06 \n(586.37' \n1584.06' \n'2344.12 \n(2339.69 \nTotal Profit Before Tax \n23343.65 \n21846.55 \n15762.60 \n88478.06 \n70895.30 \n3 \nSegment Assets \na) \nTreasury \n991874.12 \n939561.69 \n822926.80 \n991874.12 \n822926.80 \nb) \nRetail Banking: \n1533890.27 \n1504060.81 \n1395089.03 \n1533890.27 \n1395089.03 \n(i) Digital Banking• \n81.15 \n73.53 \n51.34 \n81.15 \n51.34 \n(ii) Non Digital Banking \n1533809.12 \n1503987.28 \n1395037.69 \n1533809.12 \n1395037.69 \nc) \nWholesale Banking \n1247937.97 \n1179624.34 \n1274899.43 \n1247937.97 \n1274899.43 \nd) \nOther Banking Operations \n112358.81 \n108862.24 \n97097.23 \n112358.81 \n97097.23 \n•' \nUnallocated \n24137.77 \n26855.46 \n27610.57 \n24137.77 \n27610.57 \nTotal \n3910198.94 \n3758964.54 \n3617623.06 \n3910198.94 \n3617623.06 \n4 \nSegment Liabilities5", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0c23d7fb3491f8e5"}, {"chunk_id": "dd7c7d6285a61305", "content": "14 During the quarter and year ended Marcil 31, 2025, the Bank allotted 39,06,130 and 5,53, 11,012 equity shares respectively, pursuant to the exercise of options / units under the approved employee stock option schemes I employee stock incentive master scheme. 15 Pursuant to clarification received from the RBI regarding provisioning requirement towards Investments in Alternate Investment Funds (AIFs), the Bank has reassessed the provision thereon. Accordingly, during the quarter ended September 30, 2024, the Bank reversed provision oft 679.52 crore in respect of the investments in AIFs and the provision held as at September 30, 2024 wast 354.97 crore. As at March 31, 2025, provision held thereon is t 288.25 crore. 16 During the quarter and year ended Marcil 31, 2025, the Bank made a floating provision of Nil (previous year: t 10,900.00 crore) in line with the Board approved policy. 17 Details of resolution plan implemented under the Resolution Framework for COVID-19 related Stress as per RBI circulars dated August 06, 2020 (Reso!utlon Framework 1.0) and May 05, 2021 (Resolution Framework 2.0) as at March 31, 2025 are given below: 1t in crore Exposure to Of (A), aggregate Of (A) amount Of {A) amount Exposure to accounts classified debt that slipped written off during paid by the accounts as Standard into NPA during the half-yea~ borrowers during classified as consequent to the half-year the ha!f~year Standard Type of Borrower implementation of", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "[•I: i ·lifi:(i :n◄ \nWe understand your world", "subsection": "Unallocated \n1586.06 \n(586.37' \n1584.06' \n'2344.12 \n(2339.69 \nTotal Profit Before Tax \n23343.65 \n21846.55 \n15762.60 \n88478.06 \n70895.30 \n3 \nSegment Assets \na) \nTreasury \n991874.12 \n939561.69 \n822926.80 \n991874.12 \n822926.80 \nb) \nRetail Banking: \n1533890.27 \n1504060.81 \n1395089.03 \n1533890.27 \n1395089.03 \n(i) Digital Banking• \n81.15 \n73.53 \n51.34 \n81.15 \n51.34 \n(ii) Non Digital Banking \n1533809.12 \n1503987.28 \n1395037.69 \n1533809.12 \n1395037.69 \nc) \nWholesale Banking \n1247937.97 \n1179624.34 \n1274899.43 \n1247937.97 \n1274899.43 \nd) \nOther Banking Operations \n112358.81 \n108862.24 \n97097.23 \n112358.81 \n97097.23 \n•' \nUnallocated \n24137.77 \n26855.46 \n27610.57 \n24137.77 \n27610.57 \nTotal \n3910198.94 \n3758964.54 \n3617623.06 \n3910198.94 \n3617623.06 \n4 \nSegment Liabilities5", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "697daf346bd7082e"}, {"chunk_id": "7eb42591b86c1d33", "content": "accounts as Standard into NPA during the half-yea~ borrowers during classified as consequent to the half-year the ha!f~year Standard Type of Borrower implementation of ended March 31, consequent to resolution plan - 2025 implementation Position as at the of resolution plan end of the previous - Position as at half-year i.e. the end of this September 30, half-year i.e 2024 (A) March 31, 2025A Persona! Loans 3,522.67 116.51 28.00 519.93 2,886.23 Ccr°orate-:::-ersons 279.68 0.41 0.24 52.81 226.46 Of which, MSMEs 44.43 0.20 0.11 18.24 25.99 Others 331.64 6.50 1.71 82.16 242.98 Total 4 133,99 123.42 29.95 654.90 3 355.67", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "[•I: i ·lifi:(i :n◄ \nWe understand your world", "subsection": "Unallocated \n1586.06 \n(586.37' \n1584.06' \n'2344.12 \n(2339.69 \nTotal Profit Before Tax \n23343.65 \n21846.55 \n15762.60 \n88478.06 \n70895.30 \n3 \nSegment Assets \na) \nTreasury \n991874.12 \n939561.69 \n822926.80 \n991874.12 \n822926.80 \nb) \nRetail Banking: \n1533890.27 \n1504060.81 \n1395089.03 \n1533890.27 \n1395089.03 \n(i) Digital Banking• \n81.15 \n73.53 \n51.34 \n81.15 \n51.34 \n(ii) Non Digital Banking \n1533809.12 \n1503987.28 \n1395037.69 \n1533809.12 \n1395037.69 \nc) \nWholesale Banking \n1247937.97 \n1179624.34 \n1274899.43 \n1247937.97 \n1274899.43 \nd) \nOther Banking Operations \n112358.81 \n108862.24 \n97097.23 \n112358.81 \n97097.23 \n•' \nUnallocated \n24137.77 \n26855.46 \n27610.57 \n24137.77 \n27610.57 \nTotal \n3910198.94 \n3758964.54 \n3617623.06 \n3910198.94 \n3617623.06 \n4 \nSegment Liabilities5", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "697daf346bd7082e"}, {"chunk_id": "035566b307c43fb8", "content": "[aJ:l•l#fi:f'1:Bi We understand your world 18 Details of loans transferred/ acquired·during the quarter ended March 31, 2025 as per RBI Master Direction on Transfer of Loan Exposures dated September 24, 2021 are given below: (i) Details of non-performing assets (NP As) transferred: ? in crore except number of accounts Particulars Reconstruction To permitted To other Companies transferees transferees fARCs1 Number of accounts 103.00 - Annrenate nrincinal outstandinn of loans transferred 280.18 - Weighted average residual tenor of the loans transferred {in vears) 0.07 - Net book value of loans transferred (at the lime of transfer) 0,13 - Annrenate consideration 138.02 - - Additional consideration realised in respect of accounts transferred in earlier years 12.00 - - Above excludes sale of written-off accounts. The Bank has reversed the excess provision off 137.89 crore to Profit and Loss acC:ount on sale of the aforesaid loans. (ii) Details of loans not in default transferred through assignment/ participation are given below: Particulars Value Annrenate amount of loans transferred I? in crorel 10,705.01 Weinhted averane residual maturitv , in vears) 9.15 Weinhted averane holdin\" neriod 'in vears) 2.90 Retention of beneficial economic interest 10% Tancible securitv coveraoe 100% The loans transferred are not rated as these are to non-corporate borrowers. {iii) Details of ratings of Security Receipts (SRs) outstanding as on March 31, 2025 are given below:", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "[aJ:l•l#fi:f'1:Bi \nWe understand your world", "subsection": "SRs \nRR4 \nIndia Ratin □s \n25%-50% \n127.60 \nRR1 \nIndia Ratinqs \n100%-150% \n48.95 \nRR3 \nCRlSIL \n50% - 75% \n20.56 \nRR1+ \nIndia Ralinos \nMore than 150% \n0.15 \nRR1+ \nICRA \nMore than 150% \n0.85 \nRR3 \nIndia Ratin□s \n50%- 75% \n36,22 \nUnrated \n730.40 \n' \n118.66 \nTotal \n1,083.39", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "52e6fec70bbd5044"}, {"chunk_id": "07de3cb7e5aa5efa", "content": "100% The loans transferred are not rated as these are to non-corporate borrowers. {iii) Details of ratings of Security Receipts (SRs) outstanding as on March 31, 2025 are given below: (~ in crore) Gross Value of ,Rating Rating Agency Recovery rating Outstanding SRs RR4 India Ratin □s 25%-50% 127.60 RR1 India Ratinqs 100%-150% 48.95 RR3 CRlSIL 50% - 75% 20.56 RR1+ India Ralinos More than 150% 0.15 RR1+ ICRA More than 150% 0.85 RR3 India Ratin□s 50%- 75% 36,22 Unrated 730.40 ' 118.66 Total 1,083.39 \"Investment made in the SRs are guaranteed by Government of India. Pursuant lo regulatory norms, the ARC shall obtain initial rating of SRs from an approved credit rating agency within a period of six months from the date of acquisition of assets by it. 19 Other income includes commission income from non-fund based banking activities, fees, earnings from foreign exchange and derivative transactions, profit and loss {including revaluation) from investments, dividends from subsidiaries and recoveries from accounts previously written off. Other income for the quarter ended December 31, 2024 and year ended March 31, 2025, includes the reversal of service tax expense provision that is no longer required oft 477.56 crore. {iv) The Bank has not acquired any stressed loan and loan not in default. 20 Provision for tax during the quarter and year ended March 31, 2024, is net of write back of provision no longer required of, 3,817.39 crore and t 6,325.04", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "[aJ:l•l#fi:f'1:Bi \nWe understand your world", "subsection": "SRs \nRR4 \nIndia Ratin □s \n25%-50% \n127.60 \nRR1 \nIndia Ratinqs \n100%-150% \n48.95 \nRR3 \nCRlSIL \n50% - 75% \n20.56 \nRR1+ \nIndia Ralinos \nMore than 150% \n0.15 \nRR1+ \nICRA \nMore than 150% \n0.85 \nRR3 \nIndia Ratin□s \n50%- 75% \n36,22 \nUnrated \n730.40 \n' \n118.66 \nTotal \n1,083.39", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "52e6fec70bbd5044"}, {"chunk_id": "2753c7f6165928c2", "content": "20 Provision for tax during the quarter and year ended March 31, 2024, is net of write back of provision no longer required of, 3,817.39 crore and t 6,325.04 crore respectively, pursuant to favourable orders received. 21 Pursuant to approvals by the Board of the directors of the Bank and its subsidiary company HOB Financial services Limited (\"HDBFS\"), HDBFS filed Draft Red Herring Prospectus dated October 30, 2024 with SEBI, BSE Limited and National Stock Exchange of India Limited, in connection with an Initial Public Offering (\"IPO\") of equity shares of face value of? 10/- each of HDBFS. The IPO is comprised of a fresh issuance of equity shares aggregating up to t 2,500.00 crore and an offer for sale of equity shares aggregating up lo? 10,000.00 crore by the Bank and is subject to applicable law, market conditions, receipt of necessary approvals/ regulatory clearances and other considerations. 22 Figures of the previous periods have been regrouped I reclassified wherever necessary to conform to current period's classification. 23 ? 10 million =? 1 crore Sashidhar Jagdishan Managing Director D!N-08614396 Place: Mumbai Dale: April 19, 2025 Price Waterhouse LLP Chartered Accountants NESCO, IT Building Ill, 8th Floor, NESCO IT Park, Goregaon (East), Mumbai - 400063 Batliboi & Purohit Chartered Accountants National Insurance Building, 2nd Floor, 204, D N Road, Fort, Mumbai - 400001", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "[aJ:l•l#fi:f'1:Bi \nWe understand your world", "subsection": "SRs \nRR4 \nIndia Ratin □s \n25%-50% \n127.60 \nRR1 \nIndia Ratinqs \n100%-150% \n48.95 \nRR3 \nCRlSIL \n50% - 75% \n20.56 \nRR1+ \nIndia Ralinos \nMore than 150% \n0.15 \nRR1+ \nICRA \nMore than 150% \n0.85 \nRR3 \nIndia Ratin□s \n50%- 75% \n36,22 \nUnrated \n730.40 \n' \n118.66 \nTotal \n1,083.39", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "52e6fec70bbd5044"}, {"chunk_id": "c4515629704fbcc5", "content": "NESCO, IT Building Ill, 8th Floor, NESCO IT Park, Goregaon (East), Mumbai - 400063 Batliboi & Purohit Chartered Accountants National Insurance Building, 2nd Floor, 204, D N Road, Fort, Mumbai - 400001 Independent Auditor's Report on Standalone Financial Results for the year ended March 31, 2025 of HDFC Bank Limited pursuant to Regulation 33 and Regulation 52 read with Regulation 63(2) of the Secw-ities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 To The Board of Directors HDFC Bank Limited Report on the Audit of the Standalone Financial Results 1. We have jointly audited the accompanying Standalone Financial Results of HDFC Bank Limited (\"the Bank\") for the year ended March 31, 2025, the Standalone Statement of Assets and Liabilities as on that date and the Standalone Statement of Cashflows for the year ended on that date, which are included in the accompanying 'Standalone Financial Results for the quarter and year ended March 31, 2025' (the \"Standalone Financial Results\"), being submitted by the Bank pursuant to the requirement of Regulation 33 and Regulation 52 read with Regulation 63(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the \"Listing Regulations\"). 2. In our opinion and to the best of our information and according to the explanations given to us, the Standalone Financial Results:", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "[aJ:l•l#fi:f'1:Bi \nWe understand your world", "subsection": "SRs \nRR4 \nIndia Ratin □s \n25%-50% \n127.60 \nRR1 \nIndia Ratinqs \n100%-150% \n48.95 \nRR3 \nCRlSIL \n50% - 75% \n20.56 \nRR1+ \nIndia Ralinos \nMore than 150% \n0.15 \nRR1+ \nICRA \nMore than 150% \n0.85 \nRR3 \nIndia Ratin□s \n50%- 75% \n36,22 \nUnrated \n730.40 \n' \n118.66 \nTotal \n1,083.39", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "52e6fec70bbd5044"}, {"chunk_id": "cc81443f8b56e142", "content": "2. In our opinion and to the best of our information and according to the explanations given to us, the Standalone Financial Results: (i) are presented in accordance with the requirements of Regulation 33 and Regulation 52 read with Regulation 63(2) of the Listing Regulations; and (ii) give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards prescribed under Section 133 of the Companies Act, 2013 (the \"Act\") read with relevant rules issued thereunder, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bank of India ('RBI') from time to time (\"RBI Guidelines\") and other accounting principles generally accepted in India, of the net profit and other financial information for the year ended March 31, 2025, and also the Standalone Statement of Assets and Liabilities as at March 31, 2025 and the Standalone Statement of Cashflows for the year ended on that date. 3. We conducted our audit in accordance with the Standards on Auditing (SAs) specified under Section 143(10) of the Act and other applicable authoritative pronouncements issued by the Institute of Chartered Accountants of India (\"ICAI\"). Our responsibilities under those Standards are further described in the 'Auditor's Responsibilities for the Audit of the Standalone Financial Results' section of our report.", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "[aJ:l•l#fi:f'1:Bi \nWe understand your world", "subsection": "SRs \nRR4 \nIndia Ratin □s \n25%-50% \n127.60 \nRR1 \nIndia Ratinqs \n100%-150% \n48.95 \nRR3 \nCRlSIL \n50% - 75% \n20.56 \nRR1+ \nIndia Ralinos \nMore than 150% \n0.15 \nRR1+ \nICRA \nMore than 150% \n0.85 \nRR3 \nIndia Ratin□s \n50%- 75% \n36,22 \nUnrated \n730.40 \n' \n118.66 \nTotal \n1,083.39", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "52e6fec70bbd5044"}, {"chunk_id": "262c114c952e4339", "content": "Our responsibilities under those Standards are further described in the 'Auditor's Responsibilities for the Audit of the Standalone Financial Results' section of our report. We are independent of the Bank in accordance with the Code of Ethics issued by the ICAI together with the ethical requirements that are relevant to our audit of the Standalone Financial Results under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Board of Directors' Responsibilities for the Standalone Financial Results", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "[aJ:l•l#fi:f'1:Bi \nWe understand your world", "subsection": "SRs \nRR4 \nIndia Ratin □s \n25%-50% \n127.60 \nRR1 \nIndia Ratinqs \n100%-150% \n48.95 \nRR3 \nCRlSIL \n50% - 75% \n20.56 \nRR1+ \nIndia Ralinos \nMore than 150% \n0.15 \nRR1+ \nICRA \nMore than 150% \n0.85 \nRR3 \nIndia Ratin□s \n50%- 75% \n36,22 \nUnrated \n730.40 \n' \n118.66 \nTotal \n1,083.39", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "52e6fec70bbd5044"}, {"chunk_id": "6f2c208c22f2afa4", "content": "4, These Standalone Financial Results have been compiled from the standalone audited financial statements. The Bank's Board of Directors are responsible for the preparation of these Standalone Financial Results that give a true and fair view of the net profit and other financial information, the Price Waterhouse LLP Chartered Accountants NESCO, IT Building III, 81h Floor, NESCO IT Park, Goregaon (East), Mumbai - 400063 Batliboi & Purohit Chartered Accountants National Insurance Building, 2nd Floor, 204, D N Road, Fort, Mumbai - 400001 Standalone Statement of Assets and Liabilities and the Standalone Statement of Cashflows in accordance with the recognition and measurement principles laid down in Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder, the RBI Guidelines and other accounting principles generally accepted in India and in compliance with Regulation 33 and Regulation 52 read with Regulation 63(2) of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Banking Regulation Act, 1949 for safeguarding of the assets of the Bank and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "[aJ:l•l#fi:f'1:Bi \nWe understand your world", "subsection": "SRs \nRR4 \nIndia Ratin □s \n25%-50% \n127.60 \nRR1 \nIndia Ratinqs \n100%-150% \n48.95 \nRR3 \nCRlSIL \n50% - 75% \n20.56 \nRR1+ \nIndia Ralinos \nMore than 150% \n0.15 \nRR1+ \nICRA \nMore than 150% \n0.85 \nRR3 \nIndia Ratin□s \n50%- 75% \n36,22 \nUnrated \n730.40 \n' \n118.66 \nTotal \n1,083.39", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "06bb6e7c4fc29304"}, {"chunk_id": "eb587bc989a4bf97", "content": "and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Standalone Financial Results that give a true and fair view and are free from material misstatement, whether due to fraud or error. 5. In preparing the Standalone Financial Results, the Board of Directors is responsible for assessing the Bank's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Bank or to cease operations, or has no realistic alternative but to do so. 6. The Board of Directors is also responsible for overseeing the Bank's financial reporting process. Auditor's Responsibilities for the Audit of the Standalone Financial Results 7. Our objectives are to obtain reasonable assurance about whether the Standalone Financial Results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "[aJ:l•l#fi:f'1:Bi \nWe understand your world", "subsection": "SRs \nRR4 \nIndia Ratin □s \n25%-50% \n127.60 \nRR1 \nIndia Ratinqs \n100%-150% \n48.95 \nRR3 \nCRlSIL \n50% - 75% \n20.56 \nRR1+ \nIndia Ralinos \nMore than 150% \n0.15 \nRR1+ \nICRA \nMore than 150% \n0.85 \nRR3 \nIndia Ratin□s \n50%- 75% \n36,22 \nUnrated \n730.40 \n' \n118.66 \nTotal \n1,083.39", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "06bb6e7c4fc29304"}, {"chunk_id": "d94f5db03b8941bd", "content": "a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Standalone Financial Results. 8. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the Standalone Financial Results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "[aJ:l•l#fi:f'1:Bi \nWe understand your world", "subsection": "SRs \nRR4 \nIndia Ratin □s \n25%-50% \n127.60 \nRR1 \nIndia Ratinqs \n100%-150% \n48.95 \nRR3 \nCRlSIL \n50% - 75% \n20.56 \nRR1+ \nIndia Ralinos \nMore than 150% \n0.15 \nRR1+ \nICRA \nMore than 150% \n0.85 \nRR3 \nIndia Ratin□s \n50%- 75% \n36,22 \nUnrated \n730.40 \n' \n118.66 \nTotal \n1,083.39", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "06bb6e7c4fc29304"}, {"chunk_id": "3d3fdb69b5022a9b", "content": "• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Bank has adequate internal financial controls with reference to Standalone Financial Statements in place and the operating effectiveness of such controls. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors. • Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Bank's ability to continue as a going _/ ........ _�...,,, .. '.',; ('cf /\\c,:;o-v-' --�-� Price Waterhouse LLP Chartered Accountants NESCO, IT Building III, 8th Floor, NESCO IT Park, Goregaon (East), Mumbai - 400063 Batliboi & Purohit Chartered Accountants National Insurance Building, 2nd Floor, 204, D N Road, Fort, Mumbai - 400001 concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Standalone Financial Results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "[aJ:l•l#fi:f'1:Bi \nWe understand your world", "subsection": "SRs \nRR4 \nIndia Ratin □s \n25%-50% \n127.60 \nRR1 \nIndia Ratinqs \n100%-150% \n48.95 \nRR3 \nCRlSIL \n50% - 75% \n20.56 \nRR1+ \nIndia Ralinos \nMore than 150% \n0.15 \nRR1+ \nICRA \nMore than 150% \n0.85 \nRR3 \nIndia Ratin□s \n50%- 75% \n36,22 \nUnrated \n730.40 \n' \n118.66 \nTotal \n1,083.39", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "06bb6e7c4fc29304"}, {"chunk_id": "534157d070906070", "content": "auditor's report to the related disclosures in the Standalone Financial Results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Bank to cease to continue as a going concern. • Evaluate the overall presentation, structure and content of the Standalone Financial Results, including the disclosures, and whether the Standalone Financial Results represent the underlying transactions and events in a manner that achieves fair presentation. 9. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. 10. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. 11. The standalone financial results of the Bank for the year ended March 31, 2024 was jointly audited by M M Nissim & Co LLP and Price Waterhouse LLP, who vide their report dated April 20, 2024, expressed an unmodified opinion on those standalone financial results.", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "[aJ:l•l#fi:f'1:Bi \nWe understand your world", "subsection": "SRs \nRR4 \nIndia Ratin □s \n25%-50% \n127.60 \nRR1 \nIndia Ratinqs \n100%-150% \n48.95 \nRR3 \nCRlSIL \n50% - 75% \n20.56 \nRR1+ \nIndia Ralinos \nMore than 150% \n0.15 \nRR1+ \nICRA \nMore than 150% \n0.85 \nRR3 \nIndia Ratin□s \n50%- 75% \n36,22 \nUnrated \n730.40 \n' \n118.66 \nTotal \n1,083.39", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "06bb6e7c4fc29304"}, {"chunk_id": "b8085a58fc3f593b", "content": "M M Nissim & Co LLP and Price Waterhouse LLP, who vide their report dated April 20, 2024, expressed an unmodified opinion on those standalone financial results. Accordingly, Batliboi & Purohit do not express any opinion on the figures reported for the year ended March 31, 2024 in the Standalone Financial Results. 12. The Standalone Financial Results include the results for the quarter ended March 31, 2025 being the balancing figures between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year, which were neither subject to limited review nor audited by us.", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "[aJ:l•l#fi:f'1:Bi \nWe understand your world", "subsection": "SRs \nRR4 \nIndia Ratin □s \n25%-50% \n127.60 \nRR1 \nIndia Ratinqs \n100%-150% \n48.95 \nRR3 \nCRlSIL \n50% - 75% \n20.56 \nRR1+ \nIndia Ralinos \nMore than 150% \n0.15 \nRR1+ \nICRA \nMore than 150% \n0.85 \nRR3 \nIndia Ratin□s \n50%- 75% \n36,22 \nUnrated \n730.40 \n' \n118.66 \nTotal \n1,083.39", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "06bb6e7c4fc29304"}, {"chunk_id": "83b7229c8eebebaf", "content": "13. The Standalone Financial Results dealt with by this report have been prepared for the express purpose of filing with National Stock Exchange of India Limited and BSE Limited. These results are based on and should be read with the Audited Standalone Financial Statements of the Bank, for the year ended March 31, 2025 on which we have issued an unmodified audit opinion vide our report dated April 19, 2025. Our opinion on the Standalone Financial Results is not modified in respect of above matters. For Price Waterhouse LLP Chartered Accountants Firm Registration Number: 301112E/E300264", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "[aJ:l•l#fi:f'1:Bi \nWe understand your world", "subsection": "SRs \nRR4 \nIndia Ratin □s \n25%-50% \n127.60 \nRR1 \nIndia Ratinqs \n100%-150% \n48.95 \nRR3 \nCRlSIL \n50% - 75% \n20.56 \nRR1+ \nIndia Ralinos \nMore than 150% \n0.15 \nRR1+ \nICRA \nMore than 150% \n0.85 \nRR3 \nIndia Ratin□s \n50%- 75% \n36,22 \nUnrated \n730.40 \n' \n118.66 \nTotal \n1,083.39", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7a24a3bdae8e6914"}, {"chunk_id": "518020c76d7098a4", "content": "For Batliboi & Purohit Chartered Accountants Firm Registration Number: 101048W ,4�- -1-.;A {'-.-f -:t1 Janak Mehta • ;, ·- Partner Membership Number: 116976 UDIN: 25116976BMOKOT4075 ,.,r · Sharad Vasant Partner Membership Number: 101119 UDIN: 25101119BMIFBC5466 Place: Mumbai Date: April 19, 2025 Place: Mumbai Date: April 19, 2025 HDFC BANK LIMITED CIN : L65920MH1994PLC080618 Sandoz House, Shivsagar Estate, Dr. Annie Besant Road, Worli, Mumbai 400 018. Website: https://www.hdfcbank.com, Tel.: 022-66521000, Fax: 022-2496 0739 CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2025 (tin crore Particulars Quarter ended Year ended 31.03.2025 31.12.2024 31.03.2024 31.03.2025 31.03.2024 Audited Unaudited Audited Audited Audited (Refer note 6) (Refer note 6) 1 Interest earned (a)+(b)+(c)+(d) 86779.34 85040.17 79433.61 336367.43 283649.02 a) Interest/ discount on advances I bills 64006.90 63363.53 61102.68 251953.60 217979.34 c) Interest on balances with Reserve Bank of India and other 761.74 925.26 824.57 3172.52 2634.63 inter-bank funds d) Others 2277.68 1873.08 1523.63 7329.24 5510.25 b) Income on investments 19733.02 18878.30 15982.73 73912.07 57524.80 2 Other income (a)+(b) 33489.42 27153.77 44957.74 134548.50 124345.75 a) Premium and other operating income from insurance business 25635.74 19238.57 22794.24 78589.17 57858.60 3 Total income (1 )+(2) 120268.76 112193.94 124391.35 470915.93 407994.77 b) Others (Refer note 8) 7853.68 7915.20 22163.50 55959.33 66487.15 4 Interest expended 46986.21 46914.28 43691.51 183894.20 154138.55 5 Operating expenses (i)+(ii)+(iii) 43903.80 37349.50", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "61653.66 \n233637.87 \n3.37 \n233634.50 \n175520.23 \n30050.38 \n86877.22 \n13536.00 \n-\n601275.36 \n193280.59 \n407994.77", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a7c58fe6092928c0"}, {"chunk_id": "478ed893e31338e6", "content": "120268.76 112193.94 124391.35 470915.93 407994.77 b) Others (Refer note 8) 7853.68 7915.20 22163.50 55959.33 66487.15 4 Interest expended 46986.21 46914.28 43691.51 183894.20 154138.55 5 Operating expenses (i)+(ii)+(iii) 43903.80 37349.50 49127.91 176605.07 152269.34 i) Employees cost 8809.68 8517.66 9422.59 34135.75 31023.00 ii) Claims and benefits paid and other expenses pertaining to 22543.14 16745.01 27847.85 94437.39 78313.46 insurance business iii) Other operating expenses 12550.98 12086.83 11857.47 48031.93 42932.88 6 Total expenditure (4)+(5) (excluding provisions and 90890.01 84263.78 92819.42 360499.27 306407.89 contingencies) 7 Operating profit before provisions and contingencies (3)-(6) 29378.75 27930.16 31571.93 110416.66 101586.88 8 Provisions (other than tax) and contingencies (Refer note 15) 3805.36 3957.29 13810.54 14174.61 25018.28 9 Exceptional items - - - - - 10 Profit from ordinary activities before tax and minority 25573.39 23972.87 17761.39 96242.05 76568.60 interest (7)-(8)-(9) 11 Tax expense 6288.82 5632.76 (251.48) 22801.88 11122.10 12 Net profit from ordinary activities after tax and before minority 19284.57 18340.11 18012.87 73440.17 65446.50 interest (1 0)-(11) 13 Extraordinary items (net of tax expense) - - - - - 14 Net profit for the period before minority interest (12)-(13) 19284.57 18340.11 18012.87 73440.17 65446.50 15 Less: Minority interest 449.69 683.50 390.49 2647.92 1384.46 16 Net profit for the period (14)-(15) 18834.88 17656.61 17622.38 70792.25 64062.04", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "61653.66 \n233637.87 \n3.37 \n233634.50 \n175520.23 \n30050.38 \n86877.22 \n13536.00 \n-\n601275.36 \n193280.59 \n407994.77", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a7c58fe6092928c0"}, {"chunk_id": "7243d625324c3556", "content": "19284.57 18340.11 18012.87 73440.17 65446.50 15 Less: Minority interest 449.69 683.50 390.49 2647.92 1384.46 16 Net profit for the period (14)-(15) 18834.88 17656.61 17622.38 70792.25 64062.04 17 Paid up equity share capital (Face value of~ 1/- each) 765.22 764.83 759.69 765.22 759.69 18 Reserves excluding revaluation reserves 517218.98 452982.84 19 Analytical Ratios and other disclosures : (i) Percentage of shares held by Government of India Nil Nil Nil Nil Nil (ii) Earnings per share (EPS) (?) (Face value of~ 1/- each): (a) Basic EPS before & after extraordinary items 24.62 23.11 23.20 92.81 90.42 (net of tax expense) - not annualized (b) Diluted EPS before & after extraordinary items 24.52 23.00 23.12 92.39 90.01 (net of tax expense) - not annualized Regd. Office: HDFC Bank Ltd., HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013. Consolidated Segment information in accordance with the RBI guidelines and Accounting Standard 17 w Segment Reporting of the operating segments of the Group is as under: tf in crore' Particulars Quarter ended Year ended 31.03.2025 31.12.2024 31.03.2024 31.03.2025 Audited Unaudited Audited Audited (Refer note 61 'Refer note 6\\ 1 Segment Revenue a) Treasury 16910.36 15428.73 20553.30 62227.48 b) Retail Banking: 73391.30 71973.92 65065.26 283434.79 (i) Digital Banking~ 2.40 2.29 1.05 8.59 (ii) Non Digital Banking 73388.90 71971.63 65064.21 283426.20 61653.66 233637.87 3.37 233634.50 175520.23 30050.38 86877.22 13536.00 - 601275.36 193280.59 407994.77 c) Wholesale Banking 49637.35 47683.00 48745.92 191964.51", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "61653.66 \n233637.87 \n3.37 \n233634.50 \n175520.23 \n30050.38 \n86877.22 \n13536.00 \n-\n601275.36 \n193280.59 \n407994.77", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a7c58fe6092928c0"}, {"chunk_id": "f7bd1854de813c39", "content": "f) OthersA 4372.17 4584.06 3750.41 17136.34 g) Unallocated - - - - Total 180292.89 168984.32 177435.75 697842.44 Less: Inter Seament Revenue 60024.13 56790.38 53044.40 226926.51 Income from Operations 120268.76 112193,94 124391.35 470915.93 2 Segment Results*** a) Treasury 1230.69 924.51 9128.25 4605.36 b) Retail Banking: 8148.74 6423.20 426.37 27309.11 (i) Digital Banking\" 0.02 (0.03) (0.31) 0.04 (ii) Non Digital Banking 8148.72 6423.23 426.68 27309.07 c) Wholesale Banking 10406.43 11497.04 3966.26 44543.96 d) Other Banking Operations 4143.85 3588.17 2825.78 14363.75 e) Insurance Business** 1871.17 1558.21 1320.19 5953.61 f) OthersA 358.57 568.11 678.60 1810.38 a) Unallocated (586.06) (586.37) (584.06) (2344.12) Total Profit Before Tax and Minoritv Interest 25573.39 23972.87 17761.39 96242.05 3 Segment Assets a) Treasury 991874.12 939561.69 822926.80 991874.12 b) Retail Banking: 1533890.27 1504060.81 1395089.03 1533890.27 (i) Digital Banking., 81.15 73.53 51.34 81.15 (ii) Non Digital Banking 1533809.12 1503987.28 1395037.69 1533809.12 c) Wholesale Banking 1247937.97 1179624.34 1274899.43 1247937.97 d) Other Banking Operations 112358.81 108862.24 97097.23 112358.81 e) Insurance Business** 372256.74 362550.16 322984.00 372256.74 f) OthersA 109961.74 106665.67 89587.20 109961.74 a) Unallocated 24137.77 26855.46 27610.57 24137.77 Total 4392417.42 4228180.37 4030194.26 4392417.42 4 Segment Liabilities*** a) Treasury 83340.18 74522.11 94557.67 83340.18 b) Retail Banking: 2312515.85 2273941.41 2046673.65 2312515.85 (i) Digital Banking\"' 86.16 78.32 56.18 86.16 (ii) Non Digital Banking 2312429.69 2273863.09 2046617.47 2312429.69 c) Wholesale Banking 956136.34 871158.16 973987.85 956136.34 d) Other Banking Operations 8513.18 8364.43 8212.98", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "Cash and cash equivalents acquired on amalgamation \n-\n11181.71", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1002840ce37ef968"}, {"chunk_id": "d4b0c5c04c3c34b8", "content": "2046673.65 2312515.85 (i) Digital Banking\"' 86.16 78.32 56.18 86.16 (ii) Non Digital Banking 2312429.69 2273863.09 2046617.47 2312429.69 c) Wholesale Banking 956136.34 871158.16 973987.85 956136.34 d) Other Banking Operations 8513.18 8364.43 8212.98 8513.18 e) Insurance Business** 358568.57 348560.91 311998.00 358568.57 f) OthersA 86926.10 85527.65 71040.35 86926.10 al Unallocated 48268.77 47957.55 53945.11 48268.77 Total 3854268.99 3710032.22 3560415.61 3854268.99 Capital, Employees stock options outstanding, Reserves 538148.43 518148.15 469778.65 538148.43 5 and Minority Interest 6 Total f4l+f5l 4392417.42 4228180.37 4030194.26 4392417.42 /nformat,on about DIg1tal Banking Segment reported as a sub-segment of Retail Banking Segment Is related to DIg1tal Banking Units of the Bank. •• Includes the operations of HDFC Life Insurance Company Limited (consolidated) (\"HDFC Life\") and HDFC ERGO General Insurance Company Limited (\"HDFC Ergo\"). •••segment Results and Liabilities for the periods ended March 31, 2024 are after considering the impact of floating provisions in the respective segments. e) Insurance Business** 26408.60 20149.44 31001.94 107630.27 14190.10 15659.91 (1.23} 15661.14 32280.98 11104.00 3321.30 2352.00 (2339.69) 76568.60 822926.80 1395089.03 51.34 1395037.69 1274899.43 97097.23 322984.00 89587.20 27610.57 4030194.26 94557.67 2046673.65 56.18 2046617.47 973987.85 8212.98 311998.00 71040.35 53945.11 3560415.61 469778.65 11 Jncludes the operations of the consolidated entities of the Bank, not covered in any of the above segments.", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "Cash and cash equivalents acquired on amalgamation \n-\n11181.71", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1002840ce37ef968"}, {"chunk_id": "cc08ce97ca2bb03e", "content": "4030194.26 94557.67 2046673.65 56.18 2046617.47 973987.85 8212.98 311998.00 71040.35 53945.11 3560415.61 469778.65 11 Jncludes the operations of the consolidated entities of the Bank, not covered in any of the above segments. Business Segments have been identified and reported taking into account the target customer profile, the nature of products and services, the differing risks and returns, the organisation structure, the internal business reporting system and the guidelines prescribed by the RBI. The Segment Assets and Segment Liabilities exclude transfers between segments and are transfer priced on a gross basis. 1 Consolidated Statement of Assets and Liabilities is given below: 1, in crore As at As at 31.03.2025 31.03.2024 Audited Audited CAPITAL AND LIABILITIES Capital Employees stock options outstanding Reserves and surplus Minority interest Deposits Borrowings Other liabilities and provisions Policvholders' funds Total ASSETS Cash and balances with Reserve Bank of India Balances with banks and money at call and short notice Investments Advances Fixed assets Other assets Total 765.22 759.69 3805.19 2652.72 517218.98 452982.84 16359.04 13383.40 2710898.23 2376887.28 634605.57 730615.46 188163.66 174832.07 320601.53 278080.80 4392417.42 4030194.26 144390.25 178718.67 105557.65 50115.84 1186472.89 1005681.63 2724938.16 2571916.65 15257.94 12603.76 215800.53 211157.71 4392417.42 4030194.26 2 Consolidated Statement of Cashflows is given below: r;.'!! in crore Year ended Year ended 31.03.2025 31.03.2024 Audited Audited Cash flows from operating activities:", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "Cash and cash equivalents acquired on amalgamation \n-\n11181.71", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1002840ce37ef968"}, {"chunk_id": "7ffeb43ddc57508f", "content": "2571916.65 15257.94 12603.76 215800.53 211157.71 4392417.42 4030194.26 2 Consolidated Statement of Cashflows is given below: r;.'!! in crore Year ended Year ended 31.03.2025 31.03.2024 Audited Audited Cash flows from operating activities: Consolidated profit before income tax and after minority interest Adjustment for : Depreciation on fixed assets (Profit)/ loss on revaluation of investments Amortisation of premium on investments Profit on sale of fixed assets (Profit) / loss on sale of investment in subsidiary Provision/ charge for non performing assets Floating provisions Provision/ (write-back) for standard assets and contingencies Employee stock options/ units expense 3805.23 3092.08 3909.10 (6957.14) 87.07 966.09 (22.03) (75.36) 8.00 (7341.42) 15385.24 12540.05 . 10900.00 (1210.63) 1578.23 2086.05 1731.73 117642.16 91618.40 Adjustments for : Increase in investments Increase in advances Increase in deposits Increase in other assets Increase in other liabilities and provisions Increase in policyholders' funds (180362.67) (88411.63) (169918.22) (312488.37) 334010.95 336964.81 (10829.67) (27919.59) 13117.98 6420.40 43289.99 35728.16 146950.52 41912.18 Direct taxes paid (net of refunds) Net cash flows from operating activities (19708.68 (22842.84) 127241.84 19069.34 Cash flows from investing activities: Purchase of fixed assets Proceeds from sale of fixed assets Proceeds from sale of investment in subsidiary (net) Investment in subsidiaries Net cash flow from/ (used in) investing activities (4075.89) (4286.72) 100.72 99.82 192.00 9500.67 (67.47) . (3850.64) 5313.77 (fin crore Year ended", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "Cash and cash equivalents acquired on amalgamation \n-\n11181.71", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1002840ce37ef968"}, {"chunk_id": "2ce15c6927d4a383", "content": "Proceeds from sale of investment in subsidiary (net) Investment in subsidiaries Net cash flow from/ (used in) investing activities (4075.89) (4286.72) 100.72 99.82 192.00 9500.67 (67.47) . (3850.64) 5313.77 (fin crore Year ended Year ended Particulars 31.03.2025 ~'\"-1,03.2024 Audited Audited cash ftows from financing activities: Increase in minority Interest 2382.88 1201.66 Proceeds from exercise of convertible equity warrants . 3192.81 Proceeds from issue of share capital other than warrants 6346.50 5249.73 Proceeds from issue of Tier 1 and Tier 2 capital instruments 1182.00 2350.00 Redemption of Tier 1 and Tier 2 capital instruments (500.00) (230.00) Decrease in other borrowings (97062.73) (7342.84) Dividend paid during the year (14826.19 (8404.42 Net cash flow used in financing activities (102477.54 13983.06) Effect of fluctuation In forelgn currency translation reserve 199.73 104.94 Net increase in cash and cash equivalents 21113.39 20504,99 Crush and cash equivalents at the beginning of the year 228834.51 197147.81 Cash and cash equivalents acquired on amalgamation - 11181.71 Cash and cash equivalents at the end of the vear 249947.90 228834.51 Cash and cash equivalents includes cash and balances with the RBI and balances with banks and money at call & short notice,", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "Cash and cash equivalents acquired on amalgamation \n-\n11181.71", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1002840ce37ef968"}, {"chunk_id": "95620e5f24c3a831", "content": "3 The above financial results represent the consolidated financial resui1s of HDFC Bank Limited, its subsidiaries (toge1her referred to as the \"Group\") and HDB Employee Welfare Trust (\"EWT\"). These financial results have been approved by the Board of Directors at its meeting held on April 19, 2025. The financial results for the year ended March 31, 2025 have been sul:>jected to an audit by the joint statutory auditors of the Bank viz. Price Waterhouse LLP, Chartered Accountants and BaUibol & Purohit, Chartered Accountants. The financial results for the year ended March 31, 2024 were audited by the Bank's joint statutory auditors - M M Nissim & Co LLP, Chartered Accountants and Price Waterhouse LLP, Chartered Accountants. 4 These financial results have been prepared in accordance with the recognition and measurement principles laid down In Accounting Standards specified under Section 133 of the Companies Act, 2013. the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reseive Bank of India {\"the RBI\") from lime lo lime, the Insurance Regulatory and Development Authority of India {\"IRDAI\") (Preparation of Financial Statements and Auditors Report of Insurance companies) Regulations, 2002 (\"IRDAI Guidelines\") to the extent applicable for insurance entities and other accounting principles generally accepted in India and", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "Cash and cash equivalents acquired on amalgamation \n-\n11181.71", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "66337f75aa6ccaa7"}, {"chunk_id": "6bdf357b6a344e04", "content": "2002 (\"IRDAI Guidelines\") to the extent applicable for insurance entities and other accounting principles generally accepted in India and these financial resul1s are in compliance with the presentation and disclosure requlremen1s of the Regulation 33 of the Securities and Exchange Board of India (listing Obligations and Disclosure Requirements) Regulations, 2015 (\"SEBI Regulations\") as amended Including relevant circulars issued by the SES! from time to time. 5 The RBI, vide its master direction dated September 12, 2023, issued revised norms for the classification, valuation and operation of investment portfolio of banks, which became applicable from April 01, 2024. While hitherto, the investment portfolio was classified under the held to maturity (HTM), available for sale (AFS) and held for trading (HFT) categories, lhe revised norms 1:>rlng in a principle-based classiflcation of investment portfolio and a symmetric treatment of fair value gains and losses, In accordance with the revised norms and the Bank's board approved pollcy, the Bank classified fts investment portfollo as on April 01, 2024 under the- categories of held to maturity (HTM), available for sale (AFS), subsidiaries, associates and joint ventures and fair value through profit and loss (FVTPL) with held for trading {HFT) as a sub-category of FVTPL, and from that date, measures and values the inves1ment portfolio under the revised framework.", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "Cash and cash equivalents acquired on amalgamation \n-\n11181.71", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "66337f75aa6ccaa7"}, {"chunk_id": "c9946b676d7d9d89", "content": "trading {HFT) as a sub-category of FVTPL, and from that date, measures and values the inves1ment portfolio under the revised framework. For the purpose of consolidation, all the subsidiaries of the Bank and EWT have followed the revised framework of the Bank except for HDFC LIie insurance Company Limited (\"HDFC Life\") and HDFC Ergo General Insurance Company Limited (\"HDFC Ergo\"), (the subsidiaries regulated by IRDAI). which continue to follow the IRDAI guidelines. On transition to the framework on April 01, 2024, the group recognised a net gain of<' 1,113.78 crore (net of tax of<' 405.86 crore and minority Interest of<' 914.25 crore) which has been credited to general reserve, in accordance with the said norms. The impact of the revised framework for the period subsequent to the transition is not ascertainal:>le and as such the Income / profit or loss from Investments for the quarter and year ended March 31, 2025 is not comparable with that of the previous perlod/s, Except for the foregoing, the Group has applied significant accounting policies in the preparalion of these consolidated financial results consistent with those followed in the annual consolidated financial statements for the year ended March 31, 2024. Any relevant circular/ direction issued by the RBI and other regulator(s) is implemented prospectively when II becomes applicable, unless specifically required under that circular I direction.", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "Cash and cash equivalents acquired on amalgamation \n-\n11181.71", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "66337f75aa6ccaa7"}, {"chunk_id": "5ab02f817473307a", "content": "Any relevant circular/ direction issued by the RBI and other regulator(s) is implemented prospectively when II becomes applicable, unless specifically required under that circular I direction. 6 The figures of the last quarter in each of the financial years are the balancing figures between audited figures in respect of the full financial year and the published year to date figures upto the end of the third quarter of the respective financial year. 7 The Board of Directors at its meeting held on April 04, 2022, approved a composite Scheme of amalgamation (\"Scheme\"), for the amalgamation of: (i) erstwhile HDFC Investments Limited (\"eHDFC Investments\") and erstwhile HDFC Holdings Limited (\"eHDFC Holdings\"), with and into erstwhile Housing Development Finance Corporation Limited (\"eHDFC Limited\"); and thereafter (ii) eHDFC Limited into HDFC Bank Limited (\"Bank''), and their respective shareholders and creditors, under Sections 230 to 232 of the Companies Act, 2013 and other applicable laws including the rules and regulations. The Scheme was approved by the shareholders at the National Company Law Tribunal (\"NCL T') convened meeting of the shareholders of the Bank held on November 25, 2022. The NCL T, in accordance with Sections 230 to 232 of the Companies Act, 2013 and rules thereunder, vide its order dated March 17, 2023 sanctioned the Scheme.", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "Cash and cash equivalents acquired on amalgamation \n-\n11181.71", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "66337f75aa6ccaa7"}, {"chunk_id": "3cd1ca96baa9fc3e", "content": "The NCL T, in accordance with Sections 230 to 232 of the Companies Act, 2013 and rules thereunder, vide its order dated March 17, 2023 sanctioned the Scheme. Upon receipt of all requisite approvals, the Bank filed form INC 28 with Registrar of Companies on July 01, 2023 and accordingly, the scheme became effective on July 01, 2023. As per the Scheme, the appointed date for the amalgamation of eHDFC Limited with and into the Bank is the same as effective date of the Scheme i.e. July 01, 2023. The results for the year ended March 31, 2025 include the operations of eHDFC Limited and its subsidiaries (which became subsidiaries of the Bank on amalgamation) effective from July 01, 2023 and hence are not comparable with results for the year ended March 31, 2024.", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "Cash and cash equivalents acquired on amalgamation \n-\n11181.71", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "66337f75aa6ccaa7"}, {"chunk_id": "3ebdeabf3075482e", "content": "8 During the quarter and year ended March 31, 2024, in order to comply with the condition imposed by the RBI in relation to the Scheme, the Bank sold 14,01,72,180 equity shares of HDFC Credila Financial Services Ltd ( 11HDFC Credila 11), for a consideration oft 9,552.73 crore, resulting in gain oft 7,341.42 crore (net of tax t 5,526.26 crore). Consequent to the aforesaid sale, HDFC Credila ceased to be a subsidiary of the Bank with effect from March 19, 2024. 9 During the year ended March 31, 2025, the Board of Directors of the Bank approved the sale of 100.00% stake in HDFC Education and Development Services Private Ltd (\"HEADS\"), a subsidiary of eHDFC Limited that became a subsidiary of the Bank upon the Scheme becoming effective, for a consideration of t 192.00 crore, in order to comply with the condition imposed by the RBI in relation to the Scheme. Accordingly, the Bank has divested its entire stake in HEADS. 10 During the year ended March 31, 2025, the Bank has been allotted 16,13,176 equity shares of HDFC Securities Limited (\"HSL\"), subscribed through a rights issue for a consideration oft 953.23 crore. The Bank's shareholding in HSL stood at 94.55% as at March 31, 2025. 11 During the year ended March 31, 2025, the Bank has been allotted 44,20,059 equity shares of HDFC Ergo General Insurance Limited (\"HDFC Ergo\"), subscribed through a rights issue for a consideration of, 289.07 crore.", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "Cash and cash equivalents acquired on amalgamation \n-\n11181.71", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "adf3e27e83fbb452"}, {"chunk_id": "631daaab6f7e8f3a", "content": "(\"HDFC Ergo\"), subscribed through a rights issue for a consideration of, 289.07 crore. The Bank's shareholding in HDFC Ergo stood at 50.33% as at March 31, 2025. 12 During the year ended March 31, 2025, the Bank has acquired 69,330 equity shares in HDFC Capital Advisors Limited (\"HCAL\") for consideration of~ 67.47 crore. The Bank's shareholding in HCAL stood at 89.34% as at March 31, 2025. 13 Pursuant to approvals by the Boards of the directors of the Bank and its subsidiary company HOB Financial services Limited (\"HDBFS\"), HDBFS filed Draft Red Herring Prospectus dated October 30, 2024 with SEBI, BSE Limited and National Stock Exchange of India Limited, in connection with an Initial Public Offering (\"IPO\") of equity shares of face value of, 10/- each of HDBFS. The !PO is comprised of a fresh issuance of equity shares aggregating up to ~ 2,500.00 crore and an offer for sale of equity shares aggregating up to f 10,000.00 crore by the Bank and is subject to applicable law, market conditions, receipt of necessary approvals / regulatory clearances and other considerations. 14 During the quarter and year ended March 31, 2025, the Bank allotted 39,06, 130 and 5,53, 11,012 equity shares pursuant to the exercise of options/ units under the approved employee stock option schemes/ employee $lock incentive master scheme.", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "Cash and cash equivalents acquired on amalgamation \n-\n11181.71", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "adf3e27e83fbb452"}, {"chunk_id": "80de4f41cb5e2183", "content": "options/ units under the approved employee stock option schemes/ employee $lock incentive master scheme. 15 During the quarter and year ended March 31, 2025, the Bank made a floating provision of Nil (previous year: ~ 10,900.00 crore) in line with the Board approved policy. 16 Other income includes commission income from non-fund based banking activities, fees, earnings from foreign exchange and derivative transactions, profit and loss (including revaluation) from investments, and recoveries from accounts previously written off. 17 In accordance with the RBI guidelines, banks are required to make consolidated Pillar 3 disclosures including leverage ratio, liquidity coverage ratio and net stable funding ratio under the Basel Ill Framework. These disclosures would be available on the Bank's website at the following link: https://www.hdfcbank.com/personal/resources/regulatory-disclosures. The disclosures have not been subjected to audit or review by the statutory auditors. 18 Figures of the previous periods have been regrouped/ reclassified wherever necessary to conform to current period's classification. 19 , 10 million=, 1 crore Price Waterhouse LLP Chartered Accountants NESCO, IT Building Ill, Batliboi & Purohit Chartered Accountants National Insurance Building, 2nd Floor, 204, D N Road, Fort, Mumbai - 400001 Goregaon (East), Mumbai - 400063 Sth Floor, NESCO IT Park,", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "Cash and cash equivalents acquired on amalgamation \n-\n11181.71", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "adf3e27e83fbb452"}, {"chunk_id": "708f8c09956b63dc", "content": "NESCO, IT Building Ill, Batliboi & Purohit Chartered Accountants National Insurance Building, 2nd Floor, 204, D N Road, Fort, Mumbai - 400001 Goregaon (East), Mumbai - 400063 Sth Floor, NESCO IT Park, Independent Auditor's Report on Consolidated Financial Results for the year ended March 31, 2025 of HDFC Bank Llmited pursuant to Regulation 33 of the Securities and Exchange Board oflndia (Listing Obligations and Disclosure Requirements) Regulations, 2015 To The Board of Directors HDFC Bank Limited Report on the Audit of the Consolidated Financial Results 1. We have jointly audited the accompanying Consolidated Financial Results of HDFC Bank Limited (hereinafter referred to the \"Parent\" or the \"Bank\") and its subsidiaries (the Parent and it's subsidiaries together referred to as \"the Group\") and the Employee Welfare Trust, for the year ended March 31, 2025, the Consolidated Statement of Assets and Liabilities as on that date and the Consolidated Statement of Cashflows for the year ended on that date (together known as the \"Consolidated Financial Results\") which are included in the accompanying 'Consolidated Financial Results for the quarter and year ended March 31, 2025', being submitted by the Bank pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "Cash and cash equivalents acquired on amalgamation \n-\n11181.71", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "adf3e27e83fbb452"}, {"chunk_id": "19ecb49224ee6bce", "content": "year ended March 31, 2025', being submitted by the Bank pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the \"Listing Regulations\") except for the disclosures relating to consolidated Pillar 3 disclosures under Basel III Capital Regulations as at March 31, 2025, including leverage ratio, liquidity coverage ratio and net stable funding ratio that have not been audited by us, but those would be disclosed on the Bank's website and in respect of which a link has been provided in the Consolidated Financial Results. 2. In our opinion and to the best of our information and according to the explanations given to us, and based on the consideration of the reports of the other auditors on separate audited financial information of subsidiaries, the Consolidated Financial Results: a. include the financial results of the entities listed in Annexure I; b. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations, except for the disclosures relating to Pillar 3 under Basel III Capital Regulations as at March 31, 2025, including leverage ratio, liquidity coverage ratio and net stable funding ratio that have not been audited by us, but those would be disclosed on the Bank's website and in respect of which a link has been provided in the Consolidated Financial Results; and", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "Cash and cash equivalents acquired on amalgamation \n-\n11181.71", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "adf3e27e83fbb452"}, {"chunk_id": "dc6dad5ff64b0ac9", "content": "been audited by us, but those would be disclosed on the Bank's website and in respect of which a link has been provided in the Consolidated Financial Results; and c. give a true and fair view, in conformity with the recognition and measurement principles laid down in the applicable accounting standards prescribed under Section 133 of the Companies Act, 2013 (the \"Act\") read with relevant rules issued thereunder, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bank of India ('RBI') from time to time ('RBI Guidelines') and other accounting principles generally accepted in India, of the consolidated net profit and other financial information of the Group and Employee Welfare Trust for the year ended March 31, 2025 and also the Consolidated Statement of Assets and Liabilities as at March 31, 2025 and the Consolidated Statement of Cashflows for the year ended on that date.", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "Cash and cash equivalents acquired on amalgamation \n-\n11181.71", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "adf3e27e83fbb452"}, {"chunk_id": "303c8d3a8939a25e", "content": "3. We conducted our audit in accordance with the Standards on Auditing (SAs) specified under Section 143(10) of the Act and other applicable authoritative pronouncements issued by the Institute of Chartered Accountants of India (\"!CAI\"). Our responsibilities under those Standards are further described in the \"Auditors' Responsibilities for the Audit of the Consolidated Financial Results\" section Price Waterhouse LLP Chartered Accountants NESCO, IT Building III, Batliboi & Purohit Chartered Accountants National Insurance Building, 2nd Floor, 204, D N Road, Fort, Mumbai - 400001 8th Floor, NESCO IT Park, Goregaon (East), Mumbai - 400063 of our report. We are independent of the Group and the Employee Welfare Trust in accordance with the Code of Ethics issued by the ICAI together with the ethical requirements that are relevant to our audit of the Consolidated Financial Results undertbe provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us and other auditors in terms of their reports referred to in sub-paragraph 13 of the \"Other Matters\" section below, other than the unaudited financial information as certified by Management and referred to in sub-paragraph 14 of the \"Other Matters\" section below, is sufficient and appropriate to provide a basis for our opinion.", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "Cash and cash equivalents acquired on amalgamation \n-\n11181.71", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d13f44a05058148d"}, {"chunk_id": "f8f1df7bad9aa911", "content": "financial information as certified by Management and referred to in sub-paragraph 14 of the \"Other Matters\" section below, is sufficient and appropriate to provide a basis for our opinion. Board of Directors' Responsibilities for the Consolidated Financial Results 4. These Consolidated Financial Results have been compiled from the consolidated audited financial statements. The Bank's Board of Directors are responsible for the preparation and presentation of these Consolidated Financial Results that give a true and fair view of the consolidated net profit and other financial information, the Consolidated Statement of Assets and Liabilities and the Consolidated Statement of Cashflows of the Group including the Employee Welfare Trust in accordance with the recognition and measurement principles laid down in Accounting Standards prescribed under Section 133 of the Act read vtith relevant rules issued thereunder, the RBI Guidelines and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Board of Directors of the companies included in the Group and Trustees of the Employee ,-velfare Trust are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Group and the Employee Welfare Trust and", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "Cash and cash equivalents acquired on amalgamation \n-\n11181.71", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d13f44a05058148d"}, {"chunk_id": "337bf8e5f3c787fa", "content": ",-velfare Trust are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Group and the Employee Welfare Trust and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Consolidated Financial Results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the Consolidated Financial Results by the Board of Directors of the Bank, as aforesaid. 5. In prepming the Consolidated Financial Results, the respective Board of Directors of the companies included in the Group and the Trustees of the Employee Welfare Trust are responsible for assessing the ability of the Group and of the Employee Welfare Trust to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board Directors and the Trustees either intends to liquidate the Group or Employee Welfare", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "Cash and cash equivalents acquired on amalgamation \n-\n11181.71", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d13f44a05058148d"}, {"chunk_id": "f4689e8440612d51", "content": "applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board Directors and the Trustees either intends to liquidate the Group or Employee Welfare Trust or to cease operations, or has no realistic alternative but to do so. 6. The respective Board of Directors of the companies included in the Group and the Trustees of the Employee Welfare Trust are also responsible for overseeing the financial reporting process of the Group and the Employee Welfare Trust. Auditors' Responsibilities for tlie Audit of the Consolidated Financial Results 7. Our objectives are to obtain reasonable assurance about whether the Consolidated Financial Results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinion. Reasonable assurance is a high level assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Consolidated Financial Results. Price Waterhouse LLP Chartered Accountants NESCO, IT Building III, 8th Floor, NESCO IT Park, Goregaon (East), Mumbai - 400063 Batliboi & Purohit Chartered Accountants National Insurance Building1", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "Cash and cash equivalents acquired on amalgamation \n-\n11181.71", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d13f44a05058148d"}, {"chunk_id": "bd281ff177f3c647", "content": "Price Waterhouse LLP Chartered Accountants NESCO, IT Building III, 8th Floor, NESCO IT Park, Goregaon (East), Mumbai - 400063 Batliboi & Purohit Chartered Accountants National Insurance Building1 2nd Floor, 204, D N Road, Fort, Mumbai - 400001 8. As part of an audit in accordance with SAs, we exercise professional scepticism throughout the audit. We also: professional judgment and maintain • Identify and assess the risks of material misstatement of the Consolidated Financial Results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Bank and it's subsidiaries incorporated in India, has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "Cash and cash equivalents acquired on amalgamation \n-\n11181.71", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d13f44a05058148d"}, {"chunk_id": "eba7034b5543d13e", "content": "• Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group and the Employee Welfare Trust to continue as a going concern. Ifwe conclude that a material uncertainty exists, we are required to draw attention in our auditors' report to the related disclosures in the consolidated financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors' report. However, future events or conditions may cause the Group and the Employee Welfare Trust to cease to continue as going concern. • Evaluate the overall presentation, structure and content of the Consolidated Financial Results, including the disclosures, and whether the Consolidated Financial Results represent the underlying transactions and events in a manner that achieves fair presentation. • Obtain sufficient appropriate audit evidence regarding the financial information of the companies within the Group and the Employee Welfare Trust to express an opinion on the Consolidated Financial Results. We are responsible for the direction, supervision and performance of the audit", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "Cash and cash equivalents acquired on amalgamation \n-\n11181.71", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bca396be3b2f8b11"}, {"chunk_id": "4dc7c0dade65a520", "content": "within the Group and the Employee Welfare Trust to express an opinion on the Consolidated Financial Results. We are responsible for the direction, supervision and performance of the audit of financial information of such companies included in the Consolidated Financial Results, of which we are the independent auditors. For the other companies included in the Consolidated Financial Results, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion. 9. We communicate with those charged with governance of the Bank and such other companies included in the Consolidated Financial Results, of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. 10. We also provide those charged with governance of the Bank with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. Price Waterhouse LLP Chartered Accountants NESCO, IT Building Ill, 8'\" Floor, NESCO IT Park, Goregaon (East), Mumbai - 400063 Batliboi & Purohit", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "Cash and cash equivalents acquired on amalgamation \n-\n11181.71", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bca396be3b2f8b11"}, {"chunk_id": "f4376cddaab458ba", "content": "where applicable, related safeguards. Price Waterhouse LLP Chartered Accountants NESCO, IT Building Ill, 8'\" Floor, NESCO IT Park, Goregaon (East), Mumbai - 400063 Batliboi & Purohit Chartered Accountants National Insurance Building, 2nd Floor, 204, D N Road, Fort, Mumbai - 400001 11. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable. 12. The Consolidated Financial Results of the Bank for the year ended March 31, 2024 was jointly audited by M M Nissim & Co LLP and Price Waterhouse LLP, who vide their report dated April 20, 2024, expressed an unmodified opinion on those consolidated financial results. Accordingly, Batliboi & Purohit do not express any opinion on the figures reported for the year ended March 31, 2024 in the Consolidated Financial Results. Our opinion is not modified in respect of this matter. 13. The standalone financial information of 7 subsidiaries and consolidated financial information of 3 subsidiaries included in the Consolidated Financial Results, reflect total assets of Rs. 514,517.90 crores and net assets of Rs. 49,721.01 erores as at March 31, 2025, total revenues of Rs. 135,536.03 crores, net profit after tax of Rs. 8,133.46 crores and net cash inflows of Rs. 1,372.89 erores for the year ended March 31, 2025. The standalone/consolidated financial informal.ion of these subsidiaries have been", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "Cash and cash equivalents acquired on amalgamation \n-\n11181.71", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bca396be3b2f8b11"}, {"chunk_id": "e09986e71cc8c5d1", "content": "profit after tax of Rs. 8,133.46 crores and net cash inflows of Rs. 1,372.89 erores for the year ended March 31, 2025. The standalone/consolidated financial informal.ion of these subsidiaries have been audited by other auditors whose repmts have been furnished to us by the Bank's Management and our opinion on the Consolidated Financial Results, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based on the reports and other communications of the other auditors and the procedures performed by us are as stated in paragraph 11 above. 14- The Consolidated Financial Results include the unaudited financial information of the Employee Welfare Trust, whose financial information reflect total assets of Rs. 833.80 crores and net assets of Rs. 738.70 crores as at March 31, 2025, total revenue of Rs. 158.76 crores, profit after tax of Rs. 170.00 crores and cash outflow of Rs. 2.63 crores for the year ended March 31, 2025, as considered in the Consolidated Financial Results. The financial information of Employee Welfare Trust is unaudited and has been furnished to us by the Bank's Management and our opinion on the Consolidated Financial Results, in so far as it relates to the amounts aud disclosures included in respect of the Employee Welfare Trust, is based solely on such unaudited financial information. In our opinion and according", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "Cash and cash equivalents acquired on amalgamation \n-\n11181.71", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bca396be3b2f8b11"}, {"chunk_id": "a9b0a6b8ab77de01", "content": "Results, in so far as it relates to the amounts aud disclosures included in respect of the Employee Welfare Trust, is based solely on such unaudited financial information. In our opinion and according to the information and explanations given to us by the Bank's Management, this financial information are not material to the Group, Ouropinion on the Consolidated Financial Results is not modified in respect of the above matters stated in paragraph 13 and 14 with respect to our reliance on the work done and the reports of the other auditors and the financial information certified by the Management of the Bank. 15. The following other matter paragraph has been included in the audit report on the consolidated special purpose financial information of HDFC Life Insurance Company Limited (the 'Company' or the 'Holding Company' referred to in its report), a subsidiary of the Bank, issued by their joint statutory auditors, vide their report dated April 18, 2025: \"The actuarial valuation of liabilities for life policies in-force and for policies where premium has been discontinued but liability exists as at 31 March 2025 has been duly certified by the Holding Company's Appointed Actuary. The Holding Company's Appointed Actuary has also certified that, in her opinion, the assumptions for such valuation are in accordance with the generally accepted actuarial principles", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "Cash and cash equivalents acquired on amalgamation \n-\n11181.71", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bca396be3b2f8b11"}, {"chunk_id": "51ae230fbde33d5c", "content": "Appointed Actuary. The Holding Company's Appointed Actuary has also certified that, in her opinion, the assumptions for such valuation are in accordance with the generally accepted actuarial principles and practices, requirements of the Insurance Act, regulations notified by the Insurance Regulatory and Development Authority of India (\"lRDAI\") and Actuarial Practice Standards issued by the Institute of Actuaries of India in concurrence 1,vith the IRDAJ and the Institute of Actuaries of India in concurrence v.1th the Authority.\" Price Waterhouse LLP Chartered Accountants NESCO, IT Building III, 81h Floor, NESCO IT Park, Goregaon (East), Mumbai - 400063 Batliboi & Purohit Chartered Accountants National Insurance Building, 2nd Floor, 204, D N Road, Fort, Mumbai - 400001", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "Cash and cash equivalents acquired on amalgamation \n-\n11181.71", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bca396be3b2f8b11"}, {"chunk_id": "89ba48ee6ed472e8", "content": "16. The following other matter paragraph has been included in the audit report on the special purpose financial information of HDFC ERGO General Insurance Company Limited (the 'Company' as referred to in its report), a subsidiary of the Bank, issued by their joint statutory auditors, vide their report dated April 15, 2025: \"The actuarial valuation of liabilities is the responsibility of the Company's Appointed Actuary (the \"Appointed Actuar.v1'). The actuarial valuation of the outstanding claims reserves that are estimated using statistical methods, Premium Deficiency Reserve (the 'PDR'), Incurred but Not Reported ('IBNR') including Incurred but Not Enough Reported ('IBNER') as at 31 March 2025 has been duly certified by the Appointed Actuary and in his opinion, the assumptions for such valuation are in accordance with the guidelines and norms issued by !RDA! and the Institute of Actuaries of India in concurrence with the Authority. We have relied upon the Appointed Actuary's certificate in this regard for forming our opinion on the valuation of liabilities for outstanding claims reserves that are estimated using statistical methods, PDR, IBNR (including IBNER) reserves, as contained in the special purpose financial information of the Company.\" Our opinion is not modified in respect of the matters stated in paragraph 15 and 16 above. 17.", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "Cash and cash equivalents acquired on amalgamation \n-\n11181.71", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c4cbf0a50d381ae2"}, {"chunk_id": "2f49bf79a2bf8f45", "content": "information of the Company.\" Our opinion is not modified in respect of the matters stated in paragraph 15 and 16 above. 17. The Consolidated Financial Results include the results for the quarter ended March 31, 2025 being the balancing figures between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which were neither subject to limited review nor audited by us. 18. The Consolidated Financial Results dealt with by this report have been prepared for the express purpose of filing with National Stock Exchange of India Limited and BSE Limited. These results are based on and should be read with the Audited Consolidated Financial Statements of the Group and the Employee Welfare Trust, for the year ended March 31, 2025 on which we have issued an unmodified audit opinion vide our report dated April 19, 2025. Our opinion is not modified in respect of the matters stated in paragraph 17 and 18 above. For Price Waterhouse LLP Chartered Accountants Firm Registration Number: 301112E/E300264 For Batliboi & Purohit Chartered Accountants Firm Registration Number: 101048W", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "Cash and cash equivalents acquired on amalgamation \n-\n11181.71", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c4cbf0a50d381ae2"}, {"chunk_id": "79ef4c6df81d2536", "content": ",· Janak Mehta Partner Membership Number: 116976 UDIN: 25116976BMOKOU1788 Sharad Vasant Partner Membership Number: 101119 UDIN: 25101119BMIFBD3519 Place: Mumbai Date: April 19, 2025 Place: Mumbai Date: April 19, 2025 Price Waterhouse LLP Chartered Accountants NESCO, IT Building Ill, 8'\" Floor, NESCO IT Park, Goregaon (East), Mumbai - 400063 Batliboi & Purohit Chartered Accountants National Insurance Building, 2nd Floor, 204, D N Road, Fort, Mumbai - 400001 List of entities Included in the Consolidated Financial Results for the quarter and year ended Mareh 31, 2025 Sr.No. Name of the Entity ·. Relationship . . Direct Subsidiary l HDFC Lifo Insurance Company Limited 3 HDFC Securities Limited 2 HDB Financial Services Limited Direct Subsidiary Direct Subsidiary Direct Subsidiary 4 HDFC Asset Management Company Limited 5 HDFC Ergo General Insurance Company Limited 6 HDFC Sales Private Limited 7 HDFC Capital Advisors Limited 8 HDFC Trustee Company Llmited Direct Subsidiary Direct Subsidiary Direct Subsidiary 9 Griha Pte Limited (located in Singapore) 11 HDFC International Life and Re Company Limited (located in Dubai) 10 Griha Investments (located in Mauritius) 12 HDFC Pension Management Company Limited 13 HDFC AMC International (IFSC} Limited (located in Gift City) 14 HDFC Securities IFSC Limited (located in Gift City) Sr.No. Name of the Entity • .•. ·.·. Relationship Employee Welfare Trust 1 HDB Employee Welfare Trust", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 21, "section": ",· \nJanak Mehta \nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOU1788", "subsection": "Sr.No. \nName of the Entity • \n.•. \n·.·.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bb7f96b0d658b027"}, {"chunk_id": "499010368bf6a1c0", "content": "1!\"'11 NEWS RELEASE L: t1 HDFC BANK HDFC Bank Ltd. HDFC Ba11k House, Seoapati Bapat i\\hrg, Lower Parel, Mumbai • 400 013. CIN: L65920MH1994PLC080618 We understand your world FINANCIAL RESULTS (INDIAN GAAP) FOR THE QUARTER AND YEAR ENDED The Board of Directors of HDFC Bank Limited approved the Bank's (Indian GAAP) results for the quarter and year ended March 31, 2025, at its meeting held in Mumbai on Saturday, April 19, 2025. The accounts have been subjected to an audit by the statutory auditors of the Bank. CONSOLIDATED FINANCIAL RESULTS: The Bank's consolidated net revenue was 11732.8 billion ·for the quarter ended March 31, 2025. The consolidated profit after tax for the quarter ended March 31, 2025 was 11 188.3 billion. The consolidated PAT adjusted for trading and mark to market gains, prior year consolidated PAT for the year ended March 31, 2025 was 11 707.9 billion. Earnings per one\"off provisions and prior year tax credits, grew by approximately 10%. The share for the quarter ended March 31, 2025 was 11 24.6 and 11 92.8 for the year ended March 31, 2025. Book value per share as of March 31, 2025 was 11 681.9. STANDALONE FINANCIAL RESULTS: Profit & Loss Account: Quarter ended March 31, 2025 The Bank's net revenue was 11 440.9 billion for the quarter ended March 31, 2025 as against 11 472A billion (which included transaction gains of 11 73.4 billion from stake sale", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 22, "section": "1!\"'11 \nNEWS RELEASE \nL: t1 HDFC BANK", "subsection": "HDFC Bank Limited", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0ca87e7d9d5f038e"}, {"chunk_id": "03d1c86632763720", "content": "The Bank's net revenue was 11 440.9 billion for the quarter ended March 31, 2025 as against 11 472A billion (which included transaction gains of 11 73.4 billion from stake sale in subsidiary HDFC Credila Financial Services Ltd) for the quarter ended March 31, 2024. Net interest income (interest earned less interest expended) for the quarter ended March 31, 2025 grew by 10.3% to 11320.7 billion from~ 290.8 billion for the quarter ended March 31, 2024. Net interest margin was at 3.54% on total assets, and 3.73% based on interest earning assets. Excluding 117 bn of interest on income tax refund, core net interest margin was at 3.46% on total assets, and 3.65% based on interest earning assets. Other income (non\"interest revenue) for the quarter ended March 31, 2025 was 11120.3 billion. The four components of other income for the quarter ended Maroh 31, 2025 were fees & commissions of 11 85.3 billion (i?' 79.9 billion in the corresponding quarter of the", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 22, "section": "1!\"'11 \nNEWS RELEASE \nL: t1 HDFC BANK", "subsection": "HDFC Bank Limited", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0ca87e7d9d5f038e"}, {"chunk_id": "949709572b18333e", "content": "r 11 NEWS RELEASE L: We understand your world HDFC Bank Ltd. HDFC Bank House, Senapati Bapat Ma,g, Lower Patel, Mumbai - 400 013. CIN: L65920MH!994PLC080618 previous year), foreign exchange & derivatives revenue of'{ 14.4 billion ('< 11.4 billion in the corresponding quarter of the previous year), net trading and mark to market gain of 'ii 3.9 billion (gain of 'ii 75.9 billion including transaction gains of '< 73.4 billion in the corresponding quarter of the previous year) and miscellaneous income, including recoveries and dividend of 'ii 16.7 billion ('ii 14.4 billion in the corresponding quarter of Operating expenses for the quarter ended March 31, 2025 were '1175.6 billion as against 'ii 179.7 billion (which included staff ex-gratia provision of '1 15.0 billion) during the corresponding quarter of the previous year. The cost-to-income ratio for the quarter was Provisions and contingencies for the quarter ended March 31, 2025 were 'ii 31.9 billion as against '{ 135.1 billion (which included floating provisions of '1 109.0 billion) for the quarter ended March 31, 2024. Profit before tax (PST) for the quarter ended March 31, 2025 was at 'ii 233.4 billion. Profit after tax (PAT) for the quarter was at '< 176.2 billion. PAT, adjusted for trading and mark to market gains, prior year one-off provisions and prior year tax credits, grew by approximately 10% over the quarter ended March 31, 2024. Balance Sheet: As of March 31, 2025", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 23, "section": "r\n11 \nNEWS RELEASE \nL: \nWe understand your world", "subsection": "HDFC Bank Limited", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6ce8b28dcaacdf28"}, {"chunk_id": "5333d013576842c2", "content": "PAT, adjusted for trading and mark to market gains, prior year one-off provisions and prior year tax credits, grew by approximately 10% over the quarter ended March 31, 2024. Balance Sheet: As of March 31, 2025 Total balance sheet size as of March 31, 2025 was 'ii 39,102 billion as against 'ii 36,176 billion as of March 31, 2024. The Bank's average deposits were 'ii 25,280 billion for the March 2025 quarter, a growth for the December 2024 quarter. of 15.8% over 'ii 21,836 billion for the March 2024 quarter, and 3.1 % over st' 24,528 billion The Bank's average CASA deposits were al' 8,289 billion for the March 2025 quarter, a growth of 5.7% over 'ii 7,844 billion for the March 2024 quarter, and 1.4% over;: 8,176 billion for the December 2024 quarter. Total EOP Deposits were at 'ii 27,147 billion as of March 31, 2025, an increase of 14.1% over March 31, 2024. CASA deposits grew by 3.9% with savings account deposits at;!' 6,305 billion and current account deposits at , 3,141 billion. Time deposits were at ,", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 23, "section": "r\n11 \nNEWS RELEASE \nL: \nWe understand your world", "subsection": "HDFC Bank Limited", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6ce8b28dcaacdf28"}, {"chunk_id": "2c528d7de04c96f9", "content": "NEWS RELEASE HDFC Bank Ltd. HDFC Bank House, Senapati Bapat I'vfarg, Lower Parel, Mumbai - 400 013. CIN: L65920MH1994PLC080618 17,702 billion, an increase of 20.3% over the corresponding quarter of the previous year, resulting in CASA deposits comprising 34.8% of total deposits as of March 31, 2025. Grossing up for transfers through inter-bank participation certificates, bills rediscounted and securitisation / assignment, average advances under management were ~ 26,955 billion for the March 2025 quarter, a growth of 7.3% over~ 25,125 billion for the March 2024 quarter, and a growth of 2.6% over~ 26,276 billion for the December 2024 quarter. Gross advances were at~ 26,435 billion as of March 31, 2025, an increase of 5.4% over March 31, 2024. Advances under management grew by 7.7% over March 31, 2024. Retail loans grew by 9.0%, commercial and rural banking loans grew by 12.8% and corporate and other wholesale loans were lower by 3.6%. Overseas advances constituted 1. 7% of total advances. Year ended March 31, 2025 For the year ended March 31, 2025, the Bank earned a total income of~ 3,461.5 billion as against ~ 3,075.8 billion in the corresponding period of the previous year. Net revenues (net interest income plus other income) for the year ended March 31, 2025 were~ 1,683.0 billion, as against~ 1,577.7 billion for the year ended March 31, 2024. Profit after tax for the year ended March 31, 2025 was~ 673.5 billion, up by 10.7% over", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 24, "section": "NEWS RELEASE \nHDFC Bank Ltd. \nHDFC Bank House, \nSenapati Bapat I'vfarg, \nLower Parel, \nMumbai - 400 013. \nCIN: L65920MH1994PLC080618", "subsection": "HDFC Bank Limited", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3740a49a2eb13e4a"}, {"chunk_id": "603aa3b8553575ed", "content": "were~ 1,683.0 billion, as against~ 1,577.7 billion for the year ended March 31, 2024. Profit after tax for the year ended March 31, 2025 was~ 673.5 billion, up by 10.7% over the corresponding year ended March 31, 2024. The Bank's total Capital Adequacy Ratio (CAR) as per Basel Ill guidelines was at 19.6% as on March 31, 2025 (18.8% as on March 31, 2024) as against a regulatory requirement of 11. 7%. Tier 1 CAR was at 17.7% and Common Equity Tier 1 Capital ratio was at 17.2% as of March 31, 2025. Risk-weighted Assets were at~ 26,600 billion. The Board of Directors recommended a dividend of~ 22.0 per equity share of~ 1 for the year ended March 31, 2025. This would be subject to approval by the shareholders at the next annual general meeting.", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 24, "section": "NEWS RELEASE \nHDFC Bank Ltd. \nHDFC Bank House, \nSenapati Bapat I'vfarg, \nLower Parel, \nMumbai - 400 013. \nCIN: L65920MH1994PLC080618", "subsection": "HDFC Bank Limited", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3740a49a2eb13e4a"}, {"chunk_id": "e084a60ba48859be", "content": "1!\" 111 NEWS RELEASE L: 'HDFC BANK HDFC Bank Ltd. HDFC Bank House1 Senapati Ba.pat ifarg1 Lower Parel, Mumbai - 400 013. C!N: L659201!H1994PLC080618 We understand your world As of March 31, 2025, the Bank's distribution network was at 9,455 branches and 21,139 ATMs across 4,150 cities/ towns as against 8,738 branches and 20,938 ATMs across 4,065 cities/ towns as of March 31, 2024. 51% of our branches are in semi-urban and rural areas. In addition, we have 15,399 business correspondents, which are primarily as of March 31, 2025 (as against 2, 13,527 as of March 31, 2024). manned by Common Service Centres (CSC). The number of employees were at 2, 14,521 Gross non-performing assets were at 1.33% of gross advances as on March 31, 2025 (1.13% excluding NPAs in the agricultural segment), as against 1.42% as on December 31, 2024 (1.19% excluding NPAs in the agricultural segment), and 1:24% as on March 31, 2024 (1.12% excluding NPAs in the agricultural segment). Net non-performing assets were at 0.43% of net advances as on March 31, 2025. Amongst the Bank's key subsidiaries, HDFC Life Insurance Company Ltd and HDFC ERGO General Insurance Company Ltd prepare their financial results in accordance with Indian GAAP and other subsidiaries do so in accordance with the notified Indian Accounting Standards ('Ind-AS'). The financial numbers of the subsidiaries mentioned herein below are in accordance with the accounting standards used in their standalone", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 25, "section": "1!\"\n111 \nNEWS RELEASE \nL: 'HDFC BANK", "subsection": "compared to, 6.6 billion for the quarter ended March 31, 2024. Profit after tax for the", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e5787fb997d0f752"}, {"chunk_id": "4531ca8064cacefc", "content": "Accounting Standards ('Ind-AS'). The financial numbers of the subsidiaries mentioned herein below are in accordance with the accounting standards used in their standalone reporting under the applicable GAAP. HOB Financial Services Ltd (HDBFSL), is a non-deposit taking NBFC in which the Bank holds a 94.3% stake. For the quarter ended March 31, 2025, HDBFSL's net revenue was at , 26.2 billion. Profit after tax for the quarter ended March 31, 2025 was , 5.3 billion compared to, 6.6 billion for the quarter ended March 31, 2024. Profit after tax for the year ended March 31, 2025 was '1 21.8 billion. The total loan book was al' 1,069 billion as on March 31, 2025. Stage 3 loans were at 2.26% of gross loans. Total CAR was at 19.2% with Tier-I CAR at 14.7%. HDFC Life Insurance Company Ltd (HDFC Life), in which the Bank holds a 50.3% stake, is a leading life insurance solutions provider. Profit after tax for the quarter ended March 31, 2025 was al' 4.8 billion compared to s! 4.1 billion for the quarter ended March 31, 2024,a growth of 15.8%. Profit after tax for the year ended March 31, 2025 was I!'", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 25, "section": "1!\"\n111 \nNEWS RELEASE \nL: 'HDFC BANK", "subsection": "compared to, 6.6 billion for the quarter ended March 31, 2024. Profit after tax for the", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e5787fb997d0f752"}, {"chunk_id": "1e80b037576bf429", "content": "NEWS RELEASE HDFC Bank Ltd. HDFC Bank House, Senapati Bapat Marg, Lower Parel, i\\Iumbai - 400 013. CIN: L65920MI-11994PLC080618 We understand your world HDFC ERGO General Insurance Company Ltd (HDFC ERGO), in which the Bank holds a 50.3% stake, offers a range of general insurance products. Profit after tax for the quarter ended March 31, 2025 was { 0.7 billion, as against loss after tax of { 1.3 billion for the quarter ended March 31, 2024. Profit after tax for the year ended March 31, 2025 HDFC Asset Management Company Ltd (HDFC AMC), in which the Bank holds a 52.5% stake, is the Investment Manager to HDFC Mutual Fund, and offers a comprehensive suite of savings and investment products. For the quarter ended March 31, 2025, HDFC AMC's Quarterly Average Assets Under Management were approximately { 7,740 billion. Profit after tax for the quarter ended March 31, 2025 was { 6.4 billion compared to { 5.4 billion for the quarter ended March 31, 2024, a growth of 18.0%. Profit after tax for the year ended March 31, 2025 was { 24.6 billion. HDFC Securities Ltd (HSL), in which the Bank holds a 94.5% stake, is amongst the leading broking firms. For the quarter ended March 31, 2025, HS L's total revenue was { 7.4 billion. Profit after tax for the quarter ended March 31, 2025 was { 2.5 billion, as against { 3.2 billion for the quarter ended March 31, 2024. Profit after tax for the year ended March 31, 2025 was { 11.3 billion.", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 26, "section": "NEWS RELEASE \nHDFC Bank Ltd. \nHDFC Bank House, \nSenapati Bapat Marg, \nLower Parel, \ni\\Iumbai - 400 013. \nCIN: L65920MI-11994PLC080618", "subsection": "compared to, 6.6 billion for the quarter ended March 31, 2024. Profit after tax for the", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "39fec7a5844cea12"}, {"chunk_id": "23010daf944a0b45", "content": "Profit after tax for the quarter ended March 31, 2025 was { 2.5 billion, as against { 3.2 billion for the quarter ended March 31, 2024. Profit after tax for the year ended March 31, 2025 was { 11.3 billion. The figures for the period ended March 31, 2025 include the operations of erstwhile HDFC Ltd. which amalgamated with and into HDFC Bank on July 01, 2023 and hence the comparisons with the previous periods have to be looked at in light of the same. 1 crore = 1 0 million All figures and ratios are in accordance with Indian GAAP unless otherwise specified.", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 26, "section": "NEWS RELEASE \nHDFC Bank Ltd. \nHDFC Bank House, \nSenapati Bapat Marg, \nLower Parel, \ni\\Iumbai - 400 013. \nCIN: L65920MI-11994PLC080618", "subsection": "compared to, 6.6 billion for the quarter ended March 31, 2024. Profit after tax for the", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "39fec7a5844cea12"}, {"chunk_id": "984d8673a39eb30d", "content": "NEWS RELEASE HDFC Bank Ltd. HDFC Bank House, Senapati Bapat i\\farg, Lower Parel, Mumbai - 400 013. C!N: L65920MH1994PLC080618 Certain statements are included in this release which contain words or phrases such as \"will,\" \"aim,\" \"will likely result,\" \"believe,\" \"expect,\" pursue\" and similar expressions or variations of these expressions, that are \"forwarcUooking statements.\" Actual results may differ \"wifl continue,\" \"anticipate,\" \"estimate,\" \"intend,\" \"plan,\" \"contemplate,\" \"seek to,\" ''future,\" \"objective,\" \"goal,\" \"project,\" \"should,\" \"will materially from those suggested by the forward-looking statements due to certain risks or uncertainties associated with our expectations banking services, future levels of our non-performing loans, our growth and expansion, the adequacy of our allowance for credit and with respect to, but not limited to, our ability to implement our strategy successfully, the market acceptance of and demand for various investment losses, technological changes, volatility in investment income, our ability to market new products, cash flow projections, the outcome of any legal, tax or regulatory proceedings in India and in other jurisdictions we are or become a parl}t to, the future impact of new accounting standards, our ability to pay dividends, the impact of changes in banking regulations and other regulatory changes on", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 27, "section": "NEWS RELEASE \nHDFC Bank Ltd. \nHDFC Bank House, \nSenapati Bapat i\\farg, \nLower Parel, \nMumbai - 400 013. \nC!N: L65920MH1994PLC080618", "subsection": "compared to, 6.6 billion for the quarter ended March 31, 2024. Profit after tax for the", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "56792bf151c13ff1"}, {"chunk_id": "5f295dfb6c1f214f", "content": "new accounting standards, our ability to pay dividends, the impact of changes in banking regulations and other regulatory changes on us in India and other jurisdictions, our ability to roll over our short-term funding sources and our exposure to market and operational risks. By their nature, certain of the market risk disclosures are only estimates and could be materially different from what may actually occur in the future. As a result, actual future gains, losses or impact on net income could materially differ from those that have been estimated. In addition, other factors that could cause actual results to differ materially from those estimated by the fo,ward-/ooking statements contained in this document include, but are not limited to: general economic and political conditions, instability or uncertainty in India and the other countries which have an impact on our business activities or investments caused by any factor, including terrorist attacks in India, the United States or elsewhere, anti-terrorist or other attacks by the United States, a United States-led coalition or any other unrest in any part of India; the monetary and interest rate policies of the government of India, natural calamities, inflation, deflation, country, tensions between India and Pakistan related to the Kashmir region or between India and China, military armament or social", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 27, "section": "NEWS RELEASE \nHDFC Bank Ltd. \nHDFC Bank House, \nSenapati Bapat i\\farg, \nLower Parel, \nMumbai - 400 013. \nC!N: L65920MH1994PLC080618", "subsection": "compared to, 6.6 billion for the quarter ended March 31, 2024. Profit after tax for the", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "56792bf151c13ff1"}, {"chunk_id": "1b4f6ee82c1b9416", "content": "country, tensions between India and Pakistan related to the Kashmir region or between India and China, military armament or social markets in India and globally, changes in Indian and foreign laws and regulations, including tax, accounting and banking regulations, unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other rates or prices; the performance of the financial changes in competition and the pricing environment in India, and regional or general changes in asset valuations. For more information please log on to: www.hdfcbank.com For media queries please contact: Head - Corporate Communications HDFC Bank Ltd., Mumbai. Mobile: +91 9833775515 madhu.chhibber@hdfcbank.com For investor queries please contact: HDFC Bank Ltd., Mumbai. Tel: 91 - 22 - 6652 1054 (D) / 6652 1000 (B) investor.relations@hdfcbank.com", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 27, "section": "NEWS RELEASE \nHDFC Bank Ltd. \nHDFC Bank House, \nSenapati Bapat i\\farg, \nLower Parel, \nMumbai - 400 013. \nC!N: L65920MH1994PLC080618", "subsection": "compared to, 6.6 billion for the quarter ended March 31, 2024. Profit after tax for the", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "56792bf151c13ff1"}, {"chunk_id": "fe2e034e4c0f5689", "content": "[TABLE] Company: HDFC | Year: FY2025 | Section: Introduction > i. \nFinancial results including the audited standalone and consolidated financial results of \nthe Bank for the quarter and year ended March 31, 2025 (“Results”) \nii. \nAudit Reports issued by the Joint Statutory Auditors of the Bank \niii. \nPress Release on the said Results \n \nThe Joint Statutory Auditors of the Bank, Price Waterhouse LLP, Chartered Accountants and \nBatliboi & Purohit, Chartered Accountants have issued the Audit Report on the Standalone and \nConsolidated financial results for the year ended March 31, 2025 with an unmodified audit \nopinion. The Financial Results are being uploaded on the website of the Bank and will also be \npublished in the newspapers. \n \nDividend: \n \nThe Board also recommended a dividend of Rs. 22 per equity share of Re. 1/- each fully paid \nup (i.e. 2200 %) for the FY 2024-25, subject to the approval of the shareholders. The record \ndate for determining the eligibility of members entitled to receive the said dividend is Friday, \nJune 27, 2025. | Page: 1\n\n|  | We | bsite: www.hdfcbank.co | m | H.T. | Parekh Ma | rg |\n|---|---|---|---|---|---|---|\n|  |  |  |  | 165- | 166, Backb | ay Reclama |\n|  |  |  |  | Chur | chgate, Mu | mbai- 4000 |\n|  |  |  |  | Tel.: | 022-66316 | 000 |\n| Ref. No. SE/2 | 025-26/09 |  |  |  |  |  |\n| April 19, 202 | 5 |  |  |  |  |  |\n| BSE Limited |  |  | National Stock | Exchange of | India Li | mited |\n| Dept of Corp | orate Servic | es | The Listing Depa | rtment |  |  |\n| Phiroze Jeeje | ebhoy Tow | ers, | Exchange Plaza |  |  |  |\n| Dalal Street, | Fort, |  | Bandra Kurla Co | mplex, |  |  |\n| Mumbai 400 | 001 |  | Mumbai 400 051 |  |  |  |\n| Scrip code: 5 | 00180 |  | Scrip code: HDF | CBANK |  |  |\n| Dear Sir/Mad | am, |  |  |  |  |  |\n| Sub: Outcom | e of Boar | d Meeting held on | April 19, 2025 |  |  |  |\n| Pursuant to R | egulation 3 | 0, 33, 42 and other | applicable provis | ions of Secur | ities and | Exchange |\n| Board of Ind | ia (Listing | Obligations and Di | sclosure Require | ments) Regu | lations, 2 | 015, read |\n| with various | circulars i | ssued by the Secu | rities and Excha | nge Board o | f India a | nd Stock |\n| Exchanges an | d our letter | dated March 18, 20 | 25, we enclose h | erewith |  |  |\n| i. Finan | cial results | including the audite | d standalone and | consolidated | financial | results of |\n| the Ba | nk for the | quarter and year end | ed March 31, 202 | 5 (“Results” | ) |  |\n| ii. Audit | Reports iss | ued by the Joint Sta | tutory Auditors o | f the Bank |  |  |\n| iii. Press | Release on | the said Results |  |  |  |  |\n| The Joint Sta | tutory Audi | tors of the Bank, Pr | ice Waterhouse L | LP, Chartere | d Accou | ntants and |\n| Batliboi & Pu | rohit, Char | tered Accountants h | ave issued the Au | dit Report on | the Stand | alone and |\n| Consolidated | financial r | esults for the year e | nded March 31, | 2025 with a | n unmodi | fied audit |\n| opinion. The | Financial R | esults are being upl | oaded on the web | site of the Ba | nk and w | ill also be |\n| published in t | he newspa | pers. |  |  |  |  |\n| Dividend: |  |  |  |  |  |  |\n| The Board al | so recomm | ended a dividend of | Rs. 22 per equity | share of Re. | 1/- each | fully paid |\n| up (i.e. 2200 | %) for the | FY 2024-25, subjec | t to the approval | of the shareh | olders. T | he record |\n| date for deter | mining the | eligibility of memb | ers entitled to rec | eive the said | dividend | is Friday, |\n| June 27, 2025 | . |  |  |  |  |  |\n| d. Office: HDFC | Bank Limite | d, HDFC Bank House, | Senapati Bapat Mar | g, Lower Parel | (West), M | umbai – 400 |", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 1, "section": "Introduction", "subsection": "i. \nFinancial results including the audited standalone and consolidated financial results of \nthe Bank for the quarter and year ended March 31, 2025 (“Results”) \nii. \nAudit Reports issued by the Joint Statutory Auditors of the Bank \niii. \nPress Release on the said Results \n \nThe Joint Statutory Auditors of the Bank, Price Waterhouse LLP, Chartered Accountants and \nBatliboi & Purohit, Chartered Accountants have issued the Audit Report on the Standalone and \nConsolidated financial results for the year ended March 31, 2025 with an unmodified audit \nopinion. The Financial Results are being uploaded on the website of the Bank and will also be \npublished in the newspapers. \n \nDividend: \n \nThe Board also recommended a dividend of Rs. 22 per equity share of Re. 1/- each fully paid \nup (i.e. 2200 %) for the FY 2024-25, subject to the approval of the shareholders. The record \ndate for determining the eligibility of members entitled to receive the said dividend is Friday, \nJune 27, 2025.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "827b0c8d255eb7f4", "content": "[TABLE] Company: HDFC | Year: FY2025 | Section: AJAY GIRIDHARILAL \nAGARWAL | Page: 2\n\n| Please note that th | e Board |\n|---|---|\n| the said financial r | esults an |\n| Board meeting con | tinued f |\n| This is for your inf | ormatio |\n| Thanking you, |  |\n| Yours truly, |  |\n| For HDFC Bank | Limited |\n| Mr. Ajay Agarwa | l |\n| Company Secreta | ry and |\n| Encl: a/a |  |\n| d. Office: HDFC Bank | Limited, |", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 2, "section": "AJAY GIRIDHARILAL \nAGARWAL", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "3c13a5639a47962a", "content": "[TABLE] Company: HDFC | Year: FY2025 | Section: Cm I: I ,J#ii;t•i:i :1 \nWe understand your world | Page: 3\n\n| I Cm We u | : ,J#ii;t I nderstand yo | •i:i :1 ur world |  |  | HDFC BAN | K LIMITED |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|---|---|\n| 1 2 3 4 5 6 7 8 9 10 11 12 | Particulars Interest earned ( a) Interest/ disco b) Income on inv c) Interest on bal inter.bank funds d) Others Other Income (R Total Income (1 Interest expende Operating expen i) Employees cos ii) Other operatin Total Expenditu contingencies) Operating Profit Provisions (other 16) Exceptional items Profit from ordin Tax Expense (Re Net Profit from | STAN a)+(b)+(c)+(d) unt on advanc estments ances with Res efer note 9 and )+(2) d ses (i)+(ii) t g expenses re {4)+(5) {exc before provis than tax) and ary activities fer note 20) ordinary activi | Sandoz H Website DALONE FIN es/ bills erve Bank of I 19) luding provis ions and con Contingencies before tax (7 ties after tax | CIN ouse, Shivsagar E ; https:l/www.hdfc ANCIAL RESULT ndia af!d other ions and tingencies (3H6) (Refer note 15 an HBH9) (10H11) | : L65920MH state, Dr. An bank.com, T S FOR THE 31,0 Au /Refer d | 1994PLC080618 nie Besant Road, el.: 022· 66521000 QUARTER ANO Quar 3,2025 31 dited Un note 61 77460.11 60415.79 14427.17 601.12 2016.03 12027.88 89487.99 45394.31 17556,98 6115.94 11441.04 62951.29 26536.70 3193.05 . 23343.65 5727.51 17616.14 | Wor1I, Mumbai 400 0 , Fax; 022· 2496 073 YEAR ENDED MA ter ended .12.2024 31. audited A /Refe 76006.88 59923,95 13717.10 757.56 1608.27 11453.56 87460.44 45353,63 17106.41 5950.41 11156.00 62460.04 25000.40 3153,85 21846.55 5111.05 16735,50 | 18. 9 RCH 31, 2025 03.2024 3 udited r note 61 71472.75 58144.98 11597.75 459.64 1270.38 18166.25 89639.00 42395.93 17968.83 6936.19 11032.64 60364.76 29274.24 13511.64 15762.60 (749.25) 16511.85 | Year ended 1.03.2025 3 Audited A 300517.04 238444.43 53319.69 2506,31 6246.61 45632.28 346149.32 177846.95 68174.89 23900.53 44274,36 246021.84 100127.48 11649.42 . 88478.06 21130.70 67347.36 | 1? in crore 1.03.2024 udited 258340.56 207220.01 44364,28 2040.47 4715.80 49240.99 307581.55 149808.10 63386.01 22240.21 41145.80 213194.11 94387.44 23492.14 70895.30 10083.03 60812.27 |\n| 13 14 15 16 17 | Extraordinary ite Net Profit for th Paid up equity sh Reserves excludi Analytical Ratio (i) Percentage of (ii) Capital Adequ (iii) Earnings per (a) Basic EPS be expense) -not an (b) Diluted EPS b expense)• not an (iv) NPA Ratios: (a) Gross NPAs (b) Net NPAs (c) % of Gross N (d) % of Net NPA (v) Return on as (vi) Net _worth (vii) Outstanding (viii) Capital Rede (ix) Debt Equity (x) Total Debts to • Debt represents b year. Total debts re | ms (net of tax e e period (12H are capital (Fa ng revaluation s and other di shares held by acy Ratio share (EPS) (? fore & after ex nualized efore & after e nualized PA s to Gross s to Net Adva sets (average) Redeemable P mption Reser Ratio Total Assets orrowings with r presents Iota/ b | xpense) 13) ce Value of? reserves sclosures: Government ) (Face Value traordinary ite xtraordinary ite Advances nces -not annualize reference Sha ve esidual matun/y orrowings of the | 1/-each) of India oft 1/· each): ms (net of tax ms (net of tax d res of more than one Bank. | 4 | 17616.14 765.22 Nil 19.55% 23.03 22.93 35222.64 11320.43 1.33% 0.43% 0.48% 88899.89 . . 0.74 14.01% | . 16735.50 764.83 Nil 19.97% 21.90 21,80 36018.58 11587.54 1.42% 0.46% 0.47% 468896.94 4 . . 0.84 15.17% | 16511.85 759.69 Nil 18.80% 21.74 21.67 31173.32 8091.74 1.24% 0.33% 0.49% 27634.18 . . 1.21 18.30% | . 67347.36 765.22 496854.21 Nil 19.55% 88.29 87.90 35222.64 11320.43 1.33% 0.43% 1.91% 488899.89 0.74 14.01% | 60812.27 759.69 436833.39 Nil 18.80% 85,83 85.44 31173.32 8091.74 t.24% 0.33% 1.98% 427634.18 . . 1.21 18.30% |", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Cm I: I ,J#ii;t•i:i :1 \nWe understand your world", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "71371d28a06aff13", "content": "[TABLE] Company: HDFC | Year: FY2025 | Section: a) \nTreasury \n1230.69 \n924.51 \n9128.25 \n4605.36 \n14190.10 \nb) \nRetail Banking: \n8148.74 \n6423.20 \n426.37 \n27309.11 \n15659.91 \n(i) Digital Banking• \n0.02 \n(0.03) \n(0.31) \n0.04 \n(1.23} \n(ii) Non Digital Banking \n8148. 72 \n6423.23 \n426.68 \n27309.07 \n15661.14 \nc) \nWholesale Banking \n10406.43 \n11497.04 \n3966.26 \n44543.96 \n32280.98 \nd) \nOther Banking Operatlons \n4143.85 \n3588.17 \n2825.78 \n14363.75 \n11104.00 \n•' > Unallocated \n1586.06 \n(586.37' \n1584.06' \n'2344.12 \n(2339.69 \nTotal Profit Before Tax \n23343.65 \n21846.55 \n15762.60 \n88478.06 \n70895.30 \n3 \nSegment Assets \na) \nTreasury \n991874.12 \n939561.69 \n822926.80 \n991874.12 \n822926.80 \nb) \nRetail Banking: \n1533890.27 \n1504060.81 \n1395089.03 \n1533890.27 \n1395089.03 \n(i) Digital Banking• \n81.15 \n73.53 \n51.34 \n81.15 \n51.34 \n(ii) Non Digital Banking \n1533809.12 \n1503987.28 \n1395037.69 \n1533809.12 \n1395037.69 \nc) \nWholesale Banking \n1247937.97 \n1179624.34 \n1274899.43 \n1247937.97 \n1274899.43 \nd) \nOther Banking Operations \n112358.81 \n108862.24 \n97097.23 \n112358.81 \n97097.23 \n•' \nUnallocated \n24137.77 \n26855.46 \n27610.57 \n24137.77 \n27610.57 \nTotal \n3910198.94 \n3758964.54 \n3617623.06 \n3910198.94 \n3617623.06 \n4 \nSegment Liabilities5 | Page: 4\n\n| C• I | :1 ·l iii | :f •i: 1:t |  |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|---|\n| We u | nderstand | your world |  |  |  |  |  |  |  |\n| Segmen Particu 1 a) b) c) d) e) 2 a) b) c) d) | t information i lars Segment Rev Treasury Retail Banking (i) Digital Bank (ii) Non Digital Wholesale Ba Other Banking Unallocated Total Less: Inter Se Income from Segment Res Treasury Retail Banking (i) Digital Bank (ii) Non Digital Wholesale Ba Other Banking Unallocated | n accordance with the RBI gui enue : ing• Banking nking Operations nment Revenue Ooerations ults5 : ing• Banking nking Operatlons | delines and Acc | ounting Stand 3 {Re | ard 17 -Segment Qua 1,03,2025 3 Audited fer note 6) 16910,36 73391.30 2.40 733B8.90 49637.35 9573.11 149512.12 60024.13 89487 .99 1230.69 8148.74 0.02 8148. 72 10406.43 4143.85 1586.06 | Reporting of the o rter ended 1.12.2024 Unaudited (R 15428.73 71973.92 2.29 71971.63 47683.00 9165.17 .. 144250.82 56790.38 87460.44 924.51 6423.20 (0.03) 6423.23 11497.04 3588.17 (586.37' | perating segments 31.03.2024 Audited efer note 6) 20553.30 65065.26 1.05 65064.21 48745.92 8318.92 - 142683.40 53044.40 89639.00 9128.25 426.37 (0.31) 426.68 3966.26 2825.78 1584.06' | of the Bank is as Year ende 31.03.2025 Audited 62227.48 283434.79 8.59 283426.20 191964.51 35449.05 -· 573075.83 226926.51 346149.32 4605.36 27309.11 0.04 27309.07 44543.96 14363.75 | under: t'( in crore d 31.03.2024 Audited 61653.66 233637.87 3.37 233634.50 175520.23 30050.38 - 500862.14 193280.59 307581.55 14190.10 15659.91 (1.23} 15661.14 32280.98 11104.00 |\n| •' 3 a) b) c) d) •' 4 a) b) c) d) •' 5 6 ·/nformat t Segme Busines | Total Profit B Segment Ass Treasury Retail Banking (i) Digital Bank (ii) Non Digital Wholesale Ba Other Banking Unallocated Total Segment Liab Treasury Retail Banking (i) Digital Bank (ii) Non Digital Wholesale Ba Other Banking Unallocated Total Canital, Emn] Total f4\\+15l 10n about Digita nt Results and s Segments h | efore Tax ets : ing• Banking nking Operations ilities5 : ing• Banking nking Operations ouees stock ootions outstan l Banking Segment reported as a Liabilities for the periods ended Ma ave been identified and repor | dino and Rese sub-segment of R rch 31, 2024 are ted laking into | rves etail Banking after consideri account the t | 23343.65 991874.12 1533890.27 81.15 1533809.12 1247937.97 112358.81 24137.77 3910198.94 83340.18 2312515.85 86.16 2312429.69 956136.34 8513.18 48268.77 3408774.32 501424,62 3910198,94 Segment is related to ng the impact of float arget customer pr | 21846.55 939561.69 1504060.81 73.53 1503987.28 1179624.34 108862.24 26855.46 3758964.54 74522.11 2273941.41 78,32 2273863,09 871158.16 8364.43 47957.55 3275943.66 483020.88 3758964.54 Digital Banking Unit ing provisions in the ofile, the nature o | 15762.60 822926.80 1395089.03 51.34 1395037.69 1274899.43 97097.23 27610.57 3617623.06 94557.67 2046673.65 56.18 2046617.47 973987.85 8212.98 53945.11 3177377.26 440245.80 3617623.06 s of the Bank. respective segments f products and se | '2344.12 88478.06 991874.12 1533890.27 81.15 1533809.12 1247937.97 112358.81 24137.77 3910198.94 83340.18 2312515,85 86.16 2312429.69 956136.34 8513.18 48268.77 3408774.32 501424.62 3910198.94 . rvices, the differin | (2339.69 70895.30 822926.80 1395089.03 51.34 1395037.69 1274899.43 97097.23 27610.57 3617623.06 94557.67 2046673.65 56.18 2046617.47 973987.85 8212.98 53945.11 3177377.26 440245.80 3617623.06 g risks and |", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "a) \nTreasury \n1230.69 \n924.51 \n9128.25 \n4605.36 \n14190.10 \nb) \nRetail Banking: \n8148.74 \n6423.20 \n426.37 \n27309.11 \n15659.91 \n(i) Digital Banking• \n0.02 \n(0.03) \n(0.31) \n0.04 \n(1.23} \n(ii) Non Digital Banking \n8148. 72 \n6423.23 \n426.68 \n27309.07 \n15661.14 \nc) \nWholesale Banking \n10406.43 \n11497.04 \n3966.26 \n44543.96 \n32280.98 \nd) \nOther Banking Operatlons \n4143.85 \n3588.17 \n2825.78 \n14363.75 \n11104.00 \n•'", "subsection": "Unallocated \n1586.06 \n(586.37' \n1584.06' \n'2344.12 \n(2339.69 \nTotal Profit Before Tax \n23343.65 \n21846.55 \n15762.60 \n88478.06 \n70895.30 \n3 \nSegment Assets \na) \nTreasury \n991874.12 \n939561.69 \n822926.80 \n991874.12 \n822926.80 \nb) \nRetail Banking: \n1533890.27 \n1504060.81 \n1395089.03 \n1533890.27 \n1395089.03 \n(i) Digital Banking• \n81.15 \n73.53 \n51.34 \n81.15 \n51.34 \n(ii) Non Digital Banking \n1533809.12 \n1503987.28 \n1395037.69 \n1533809.12 \n1395037.69 \nc) \nWholesale Banking \n1247937.97 \n1179624.34 \n1274899.43 \n1247937.97 \n1274899.43 \nd) \nOther Banking Operations \n112358.81 \n108862.24 \n97097.23 \n112358.81 \n97097.23 \n•' \nUnallocated \n24137.77 \n26855.46 \n27610.57 \n24137.77 \n27610.57 \nTotal \n3910198.94 \n3758964.54 \n3617623.06 \n3910198.94 \n3617623.06 \n4 \nSegment Liabilities5", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "35c7da8ff59c9c17", "content": "[TABLE] Company: HDFC | Year: FY2025 | Section: ~Jl:J•J4fi:t,,:t:t \nWe understand your world | Page: 5\n\n| Particulars | As at 31.03.2025 | Asat 31.03.2024 |\n|---|---|---|\n|  | Audited | Audited |\n| CAPITAL AND LIABILITIES Capital Employees stock options outstanding Reserves and surplus Deposits Borrowings Other liabilities and orovisions | 765.22 3805.19 496854.21 2714714.90 547930.90 146128.52 | 759,69 2652. 72 436833.39 2379786,28 662153.07 135437.91 |\n| Total | 3910198.94 | 3617623.06 |\n| ASSETS Cash and balances with Reserve Bank of India Balances with banks and money at cal\\ and short notice Investments Advances Fixed assets Other assets | 144355.03 95215.65 836359.68 2619608,61 13655.40 201004.57 | 178683.22 40464.19 702414.96 2484861.52 11398,97 199800.20 |\n| Total | 3910198.94 | 3617623.06 |", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "~Jl:J•J4fi:t,,:t:t \nWe understand your world", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "6492891cbe4c990f", "content": "[TABLE] Company: HDFC | Year: FY2025 | Section: ~Jl:J•J4fi:t,,:t:t \nWe understand your world | Page: 5\n\n| Particulars | Year ended |  |\n|---|---|---|\n|  | 31.03.2025 | 31.03.2024 |\n|  | Audited | Audited |\n| Cash flows from operating activities: Profit before income tax Adjustments for. Depreciation on fixed assets (Profit)/ loss on revaluation of investments Amortisation of premium I (discount) on investments , Profit on sale of fixed assets (Profit) / loss on sate of investment in subsidiary Provision / charge for non performing assets Floating provisions Provision / (wrjte-back) for standard assets and contingencies Dividend from subsidiaries Employee stock options I units expense Adjustments for: Increase in investments Increase in advances Increase in deposits Increase in other assets Increase I (decrease) in other liabilities and provisions Direct laxes paid (net of refunds) Net cash flow from operating activities Cash flows from investing activities: Purchase of fixed assets Proceeds from sale of fixed assets Investment in subsidiaries Proceeds from sale of investment in subsidiary (net) Dividend from subsidiaries Net cash flow (used in)/ from investlng activities Cash flows from financing activities: Proceeds from exercise of convertible equity warrants Proceeds from issue of share capital other than warrants Decrease in other borrowings Dividend paid during the year Net cash flow used in financing activities Effect of fluctuation in foreign currency translation reserve Net increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents acquired on amalgamation Cash and cash equivalents at the end of the year | 88478.06 3379.47 268.40 (27,87) (22.65) 8.00 12715.31 (1065.87) (2187.01) 1890.70 | 70895.30 2810.10 (943.49) 844.95 (73.82) (7341.42) 10774.82 10900.00 1817.33 (1332,39) 1547.40 |\n|  | 103436.54 | 89898.78 |\n|  | (130200.37) (148903,38) 334928.62 (7342.45) 10634.06 | (54833.62) (289444.22) 339132.41 (29225.41) 1669.23 |\n|  | 162553.02 | 54858.71 |\n|  | {17375.71 | {19843.74 |\n|  | 145177.31 (3198.69) 90.45 (1309.77) 192,00 2187.01 | 35014.97 (3834.89) 96.00 - 9500.67 1332.39 |\n|  | (2039.00 | 7094.17 |\n|  | 6346.50 (114429.18) (14826.19 | 3192.81 5249.73 (22275.06) (8404.42 |\n|  | 1122908,87 | 122236.94 |\n|  | 193,83 | 101.26 |\n|  | 20423.27 | 19973.46 |\n|  | 219147.41 239570.68 | 193765.08 5408.87 219147.41 |", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "~Jl:J•J4fi:t,,:t:t \nWe understand your world", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "78af9936d014e7b1", "content": "[TABLE] Company: HDFC | Year: FY2025 | Section: [•I: i ·lifi:(i :n◄ \nWe understand your world | Page: 6\n\n| [• | I: i· lifi:( | i :n◄ |  |  |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|---|---|\n| We 3 4 5 6 7 8 9 | understand you The above standa ended Marcil 31, Batliboi & Purohit, Nissim & Co LLP, These financial re Section 133 of th Reserve Bank of I disclosure require and Disclosure Re The RBI, vlde its banks, which beca (AFS) and held fo value gains and lo 01, 2024 under th loss (FVTPL) with framework. On tra credited to gener ascertainable and previous period/s. those followed in t becomes applicab The figures of the published year to The Board of Dire the members al th capital adequacy r The Board of Dire HDFC Investment Finance Corporati creditors, under S the shareholders a accord9nce with S receipt of all requi July 01, 2023. As Scheme i.e. July 0 Bank on July 01, 2 During the quarte 14,01,72,180 equi | r world lone financial resul 2025 have been s Chartered Accoun Chartered Account sults have been pre e Companies Act, ndia (\"the RBI\") fro ments of the Regul quirements) Regula master direction da me applicable from r trading {HFT) cate sses. In accordanc e categories of held held for trading (H nsition to the frame al reserve, in acco as such the inco Except for the fore he annual financial le, unless specifical last quarter in ea date figures upto th ctors at its meeting e ensuing Annual atios as at March 3 ctors at its meeting s limited (\"eHDFC on Limited (\"eHDF ections 230 to 232 t the National Com ections 230 to 232 site approvals, the per the Scheme, t 1, 2023. The resul 023 and hence are r and year ended ty shares of HDFC | ts have been app ubjected to an a tants. The financ ants and Price W pared in accorda 2013, the relevan m lime to time an ation 33 and Reg tions, 2015 (\"SE ted September April 01, 2024. gories, the revise e with the revised to maturity (HT FT) as a sub-ca work on April 01, rdance with the me/ profit or loss going, the Bank statements for th ly required under ch of the financi e end of the third held on April 19, General Meeting. 1, 2025 and Marc held on April 04, Investments\") a C Limited\"); and of the Companie pany Law Tribuna of the Compani Bank filed form I he appointed dat ts for the year en not comparable March 31, 2024, Credila Financia | roved udit by ial res aterhou nce wit t provi d other ulation BI Reg 12, 202 While h d norm norms M), ava tegory 2024, t said n from has ap e year that ci al year quarte 2025, Effect h 31, 2 2022, nd erst thereaf s Act, l (\"NC es Act, NC 28 e for t ded M with res in ord l Servi | by the Board of D the joint statutor ults for the year e se LLP, Chartere h the recognition sions of the Bank accounting princi 52 read with Reg ulat!ons\") as amen 3, issued revised itherto, the invest s bring in a princi and the Bank's b ilable for sale (AF of FVTPL, and fr he Bank has reco orms. The impac investments for t plied its significan ended March 31, rcular/ direction. s are the balancin r of the respective proposed a divide of the proposed 024. approved a compo while HDFC Holdi ter (ii) eHDFC Li 2013 and other ap Lr) convened me 2013 and rules t with Registrar of he amalgamation arch 31, 2025 inc ults for the year e er lo comply with ces Ltd (\"HDFC C | irectors at its y auditors of t nded March 3 d Accountants and measurem ing Regulation ples generally ulation 63 (2) ded including norms for the ment portfolio ple-based clas oard approved S), subsidiarie om that date, gnised a net g t of the revise he quarter and t accounting p 2024. Any circ g figures bet financial year. nd off 22.00 p dividend has site Scheme o ngs Limited (\" mited into HDF plicable laws i eting of the sh hereunder, vid Companies on of eHDFC Lim lude the opera nded March 31 the condition redila\"), for a | meeting held on he Bank viz. Price 1, 2024 were audi ent principles laid Act, 1949, the ci accepted ln India, of the Securities a relevant circulars i classification, va was classified und sification of inves policy, the Bank s, associates and measures and va ain off 482.87 cro d framework for year ended Mar olicies in the prep ular/ direction Iss ween audited figu er share (previou been reckoned in f amalgamation ( eHDFC Holdings\" C Bank Limited ncluding the rules areholders of the e its order dated July 01, 2023 an ited with and into tions of eHDFC li , 2024. imposed by the consideration of? | April 19, 2025. Waterhouse ted by the Ban • down in Acco rculars, guidel and are fn com nd Exchange ssued by the S luation and op er the held to tment portfolio has classified i joint ventures lues the inves re (net of lax the period su ch 31, 2025 is aration of thes ued by RBI is i res in respect s year: f 19.50 determining ca \"Scheme\"), for ), with and into {\"Bank\"), and t and regulation Bank held on N March 17, 202 d accordingly, the Bank is t mited which a RBI in relatio 9,552.73 cror | The financia LLP, Charte k's joint stat unting Stand ines and dire pliance with Board of Indi EBI from lim eration of in maturity (HT and a symm ts investmen and fair val tment portfol off 127.00 c bsequent to not compar e financial re mplemented of the full fi per share), s pital funds i the amalgam erstwhile H heir respecti s. The Sche ovember 25, 3 sanctione the scheme he same as malgamated n to the Sch e, resulting i | l resul\\s for the yea red Accountants an utory auditors -MM ards specified unde ctions issued by th the presentation an a (Listing Obligation e to time. vestment portfolio o M), available for sal etric treatment of fai t portfolio as on Apr ue through profit an io under the revise rore) whicil has bee the transition is no able with that of th sults consistent wit prospectively when i nancial year and th ubject to approval o n the computation o ation of: (i) erstwhil ousing Developmen ve shareholders an me was approved b 2022. The NCLT, i d the Scheme. Upo became effective o effective date of th with and into HDFC eme, the Bank sol n gain oft 7,341.4 |", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "[•I: i ·lifi:(i :n◄ \nWe understand your world", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "5a272cf143646a12", "content": "[TABLE] Company: HDFC | Year: FY2025 | Section: [aJ:l•l#fi:f'1:Bi \nWe understand your world > SRs \nRR4 \nIndia Ratin □s \n25%-50% \n127.60 \nRR1 \nIndia Ratinqs \n100%-150% \n48.95 \nRR3 \nCRlSIL \n50% - 75% \n20.56 \nRR1+ \nIndia Ralinos \nMore than 150% \n0.15 \nRR1+ \nICRA \nMore than 150% \n0.85 \nRR3 \nIndia Ratin□s \n50%- 75% \n36,22 \nUnrated \n730.40 \n' \n118.66 \nTotal \n1,083.39 | Page: 7\n\n| We u 18 | nderstand Details of loan 24, 2021 are g (i) Details of n | your w s transfe iven belo on-perfor | orld rred/ acquired·du w: ming assets (NP A | ring the qua s) transferre | rter en d: | ded | March 31, | 2025 as per | RBI Rec | Mast To As onstr | er Direct ? set uction | ion on T in crore To pe | ransfer except n rmitted | of Loan umber To | Exposures dated of accounts other | Septembe |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n|  | Particulars Number of acc Annrenate nrin Weighted ave Net book valu | ounts cinal out rage resid e of loans | standinn of loans ual tenor of the l transferred (at th | transferred oans transfer e lime of tra | red {in nsfer) | vear | s) |  | C | ompa fARC | nies s1 103.00 280.18 0.07 0,13 | trans | ferees | tran - - - | sferees |  |\n|  | Annrenate con | sideratio | n |  |  |  |  |  |  |  | 138.02 |  |  | - - | - |  |\n|  | Additional con Above exclude The Bank has (ii) Details of l Particulars Annrenate am Weinhted aver Weinhted aver Retention of b Tancible secu The loans tran {iii) Details of r | sideration s sale of reversed oans not i ount of lo ane resid ane hold eneficial ritv cover sferred a atings of | realised in respe written-off accou the excess provi n default transferr ans transferred I? ual maturitv , in v in\" neriod 'in vea economic interest aoe re not rated as th Security Receipts ,Rating RR4 RR1 RR3 RR1+ RR1+ | ct of accoun nts. sion off 137 ed through in crorel ears) rs) ese are to no (SRs) outst | ts trans .89 cro assign n-corp anding | ferre re to ment orate as o | d in earlie Profit and / participat V borrowers n March 3 Rating India India C India I | r years Loss acC:oun ion are given alue 10,705.01 9.15 2.90 10% 100% . 1, 2025 are g Agency Ratin□s Ratinqs RlSIL Ralinos CRA | t on bel iven Rec 2 1 5 Mor Mor | sale ow: belo overy 5%- 00%- 0% - e tha e tha | 12.00 of the afo w: rating 50% 150% 75% n 150% n 150% | resaid ( Gross Outst S | loans. ~ in crore Value of anding Rs 127.60 48.95 20.56 0.15 0.85 | - ) | - |  |\n| 19 20 21 22 23 Place: | \"Investment m approved cred {iv) The Bank Other income and loss {inclu ended Decem Provision for t crore respectiv Pursuant to ap Herring Prosp (\"IPO\") of equi and an offer fo approvals/ reg Figures of the ? 10 million =? Mumbai | ade in th it rating a has not a includes ding reva ber 31, 20 ax during ely, purs provals b ectus dat ty shares r sale of ulatory cl previous 1 crore | RR3 Unrated ' e SRs are guaran gency within a pe cquired any stres commission inco luation) from inve 24 and year ende the quarter and uant to favourable y the Board of th ed October 30, 20 of face value of equity shares agg earances and oth periods have bee | teed by Gov riod of six m sed loan and me from non stments, div d March 31, year ended orders rece e directors o 24 with SEB ? 10/-each regating up er considera n regrouped | ernme onths f loan n -fund b idends 2025, March ived. f the B I, BSE of HDB lo? 10 tions. I reclas | nt of rom ot in ase from inclu 31, ank a Limi FS. ,000. sifie | India India. Purs the date of default. d banking subsidiari des the re 2024, is ne nd its sub ted and N The IPO is 00 crore b d whereve | Ratin□s uant lo regu acquisition activities, fe es and recov versal of serv t of write ba sidiary comp ational Stock comprised y the Bank a r necessary t | 5 Tota lato of as es, erie ice ck o any Exc of a nd i o co | 0%- l ry nor sets earnin s from tax e f pro HOB hang fresh s sub nform | 75% ms, the A by it. gs from accoun xpense p vision no Financial e of India issuance ject to ap to curre | RC sha foreign ts previ rovision longer service Limite of equ plicable nt perio | 36,22 730.40 118.66 1,083.39 ll obtain exchang ously writ that is n required s Limite d, in con ity share law, ma d's class | initial ra e and d ten off. o longer of, 3,8 d (\"HDB nection s aggreg rket con ification. Sashidh Managi | ting of SRs from a erivative transacti Other income for t required oft 477. 17.39 crore and t FS\"), HDBFS filed with an Initial Publ ating up to t 2,50 ditions, receipt of ar Jagdishan ng Director | n ons, profit he quarter 56 crore. 6,325.04 Draft Red ic Offering 0.00 crore necessary |", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "[aJ:l•l#fi:f'1:Bi \nWe understand your world", "subsection": "SRs \nRR4 \nIndia Ratin □s \n25%-50% \n127.60 \nRR1 \nIndia Ratinqs \n100%-150% \n48.95 \nRR3 \nCRlSIL \n50% - 75% \n20.56 \nRR1+ \nIndia Ralinos \nMore than 150% \n0.15 \nRR1+ \nICRA \nMore than 150% \n0.85 \nRR3 \nIndia Ratin□s \n50%- 75% \n36,22 \nUnrated \n730.40 \n' \n118.66 \nTotal \n1,083.39", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "0d9299ded7929c59", "content": "[TABLE] Company: HDFC | Year: FY2025 | Section: [aJ:l•l#fi:f'1:Bi \nWe understand your world > SRs \nRR4 \nIndia Ratin □s \n25%-50% \n127.60 \nRR1 \nIndia Ratinqs \n100%-150% \n48.95 \nRR3 \nCRlSIL \n50% - 75% \n20.56 \nRR1+ \nIndia Ralinos \nMore than 150% \n0.15 \nRR1+ \nICRA \nMore than 150% \n0.85 \nRR3 \nIndia Ratin□s \n50%- 75% \n36,22 \nUnrated \n730.40 \n' \n118.66 \nTotal \n1,083.39 | Page: 8\n\n| NE | SCIOTB, u ilIdliln,g |  |  | NatiIo | nnsaulr Baunicled | ing, |\n|---|---|---|---|---|---|---|\n| 8t | h FlooIrTP, a rNkE, | S CO |  | 2nFdl o | 2o0r4,, R oDa dN | , |\n| Go | reg(aEoanMs utm)b,-a 4i | 0 0063 |  | FortM,u | mb-a4i0 0001 |  |\n| In | depenAduednittR oerp | 'osor nSt ta ndalF | oinnanec iR | aels ulfotrsth | ey eaern deMda | rc3h1 , |\n| 20 | 25 of HDFLCi m | iBtapenudkr sutaonR | te gula | ti3o3na ndR | egulation | 5wi2th read |\n| Re | gulati6o3n( o2f)t hSee | cw-itiaensdE xc | haBnogae | r odfI nd( | iLai stiOnbgl ig | aatinodn s |\n| Di | sclosRuerqeu iremeR | netgulsa)ti on2s0,1 | 5 |  |  |  |\n| To |  |  |  |  |  |  |\n| Th | Beo aorfDd i rectors |  |  |  |  |  |\n| HD | FBCa nLki mited |  |  |  |  |  |\n| Re | poortnth eA udiotf th eS | tandaloFninean ci | aRle sul | ts |  |  |\n| Op | inion |  |  |  |  |  |\n| 1. | Weh avjoei anutdliytt h | aeecd c ompaSntyia | nngd Fail | noannRece isau | ollfH t DsF BCa nLki | mi(t\"etdh e |\n|  | Bankfo\"rt) h yee aern d | Meadr 3c1h2, 0 2t5h,S | e t and | Satlaotneeom | fAse snetat nsLd i a | bialsoi nties |\n|  | thdaatt aen tdh Set an | daloneo fCS a | tsahtflefoomr | wte shny ete aern | doendt hadta tw | eh,i acrhe |\n|  | incliuntd heaedc com | pa'nSytianngdF ailn | oanRnece is | aufollrt t hsqe u | artaenyrde eanrd Me | adr 3c1h, |\n|  | 202(5t'\"h Set andFai | lnoanRneec siuallbt es | is\"nu)gb, m | ibtytt heBeda n | pku rstuota hnrete | quirement |\n|  | ofR egul3a3at niRdoe ngu | la5t2ri oenawi dt hR | egul6a | 3t(io2oft)n h S e | E B(IL isOtbiln | igg aantdions |\n|  | DisclRoesquurier eR | meegnutlsa2)t0 i1ao5s | an, ms e,n d( | et\"dhL ei sR | teignugl atio | ns\"). |\n| 2. | Ino uorp inainotdnot hb | ee osfto uirn form | aatniadoc | nc ortdoti he | nexg p lanatti | ouo snt,sh egiven |\n|  | StandFailnoannRece is | aull ts: |  |  |  |  |\n|  | (ia)rper eseinnat cecd | o rwidtahtn hcreee q | uiroefRm | eegnutsl 3a3 | at niRdoe ng ul5a2rt | eiaowdni th |\n|  | Regula6t3i(oo2nft) h | e LRiesgtuilnaga | t nidons | ; |  |  |\n|  | (igii)avt eru aen fadi vri | eiwnc onforwimtithty | h ree co | gannimdte ia | osnu rperimnecnitl | p ailddeo sw n |\n|  | int haep pliaccac | boluesn ttainndgpa rre | dsscu rnid | bSeeerdc t1i3 | oo3fnt hCeo mpaAn | ci2te0,s1 3 |\n|  | (th\"eA crte\"a)wid t hr | elervualnietss s | utehde re | utnhrdeee lr | e,pv raonvti osfti ho | Bena sn king |\n|  | RegulaAtcito,n h | 1ec9 i4r9c,ug lutaird | seal,ni ddni er | se ctiob | nyts hR eei ssesBruave | noedkfI ndia |\n|  | ('RfrBoIm't )i mteot i | m(e\" RBI Guai | ndodet lhia | encrec so\"up)nr | tiinncggie pnleearsc | a clelipynt ed |\n|  | Indoifta h,ne ep tr oa | fintod t hfienra nicni | foarlm afo | trti hoyeen a ern | dMeadr 3c1h2, 0 2 | a5n,ad l so |\n|  | thSet andaSltoa | nteeo mfAse snetta sn dL | iabial | sai tMt airecs3 | h 12 ,0 2a5n tdh Se | t andalone |\n|  | StateomfCe ansth fl | foortw hsye e eanrd oe | ndt hdaatt | e. |  |  |\n| Ba | sfoirsO pinion |  |  |  |  |  |\n| 3. | Wec onduocutareu ddi i | nat c corwdiattnhhcS | eet ando | anAr uddsi ti | ngs p(eScAsui)nfi de | Seder c tion |\n|  | 143(o1ft0 h)Ae c atn od | t haeprp liacuat | bhloer pir | toantoiuvne | ci esmsebunyett dhs Ie n | stoiftute |\n|  | CharteArcecdo unot | fIa nndt(is\"a I CAIO\"u | )rr. e spo | nsuinbdit | elhrio tSsiteea sn daa | rrfuedr st her |\n|  | descriibnthe e'd A udi | Rteosrp'osn sfoirbt | ihAleui dtoii | fthte e Ss t an | dFailnoannRece is | auslle tcst'i on |\n|  | ofo urre poWrtea. r ien | depeonftd heBena tn | i kna cco | rwdiathnt chC | eeo doefE thiisc | ssbu yet dh e |\n|  | ICAtIo gewitthhthe ere t | hriecqauli rtehm | aaertnre tse l | etvooa unartu | doitfth S et andF | ailnoannec ial |\n|  | Resuulntdste hrpe r ovi | soifto hnAesc atn td | h Reu lteh | se reuann | dwdee hr a,vfu el filo | lueordt her |\n|  | ethriecsaplo nsiina | b cicloirtwiditaehtns hc eer | s eeq ui | raenmtdeeh nC | tosdo efE t hWiecb se | .l itehvaet |\n|  | thaeu deivti dween che | oa bvtea iissnu effidc | iaenandpt p | roptropi r | aotvaeib daesfo iros u or | p inion. |\n| Bo | arodfD irectors | ' Refosrpth oenS st | ianbdilalio | tinees FinR | anecsiuall ts |  |\n| 4, | TheSstea ndaFlion | naenR cieasluh latvbsee | ecno mp | ifrloemtd h se | t andaauldoin | fitene adn cial |\n|  | statemTehBneat nskB. | 'o sao rfDd i rectaor | rrees s po | fonrst ihbpelr | ee paroaftt hieSost | nea ndalone |\n|  | FinanRceisautllh tgasit | av et arunefad i r o | vifthe ewn ep | tr oafintod t | hfienra nicnifoar | lm attihoen , |", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "[aJ:l•l#fi:f'1:Bi \nWe understand your world", "subsection": "SRs \nRR4 \nIndia Ratin □s \n25%-50% \n127.60 \nRR1 \nIndia Ratinqs \n100%-150% \n48.95 \nRR3 \nCRlSIL \n50% - 75% \n20.56 \nRR1+ \nIndia Ralinos \nMore than 150% \n0.15 \nRR1+ \nICRA \nMore than 150% \n0.85 \nRR3 \nIndia Ratin□s \n50%- 75% \n36,22 \nUnrated \n730.40 \n' \n118.66 \nTotal \n1,083.39", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "c288e55a1f5f7457", "content": "[TABLE] Company: HDFC | Year: FY2025 | Section: [aJ:l•l#fi:f'1:Bi \nWe understand your world > SRs \nRR4 \nIndia Ratin □s \n25%-50% \n127.60 \nRR1 \nIndia Ratinqs \n100%-150% \n48.95 \nRR3 \nCRlSIL \n50% - 75% \n20.56 \nRR1+ \nIndia Ralinos \nMore than 150% \n0.15 \nRR1+ \nICRA \nMore than 150% \n0.85 \nRR3 \nIndia Ratin□s \n50%- 75% \n36,22 \nUnrated \n730.40 \n' \n118.66 \nTotal \n1,083.39 | Page: 9\n\n| cW | ea terhLLoPu se |  | Batli&b | P ouir ohit |  |\n|---|---|---|---|---|---|\n| a | rteArcecdo untants |  | Charte | red Accou | ntan |\n| S | CIOTB, u ilding II | I, | NatiIo | nnsaulraB nuciel di | ng, |\n| Fl | oNoErS,C OP aIrTk , |  | 2nFdl o2 | o0rD4, , RN o ad, |  |\n| r | e(gEaaoMsnut m)b,-a 4i0 00 | 63 | FortM,u m | bai -400 | 001 |\n| S | tandSatlaotneeom fAse sne | tat nsLd i abia | lnitdth Siete asn dSa | tlaotneeom fCe ansth | flionw s |\n| a | ccorwdiattnhhcr eee cog | annimdte iaosnu r | perimnecniltpa ldieod | swn i nA ccouSnttai | nndga r |\n| p | rescurinbdSeeedrc t1i3oo3tf | n h A ecr te wiatdrh e | lervualinestss t uhe | edr etuhnRedB GeIur i, | d eli |\n| a | nodt haecrc oupnrtiinngcg | iepnleaercsac leli | pyInt n edadin iadcn o mp | lwiitaRhne cgeu l3a | 3at nido n |\n| R | egul5a2rt eiwiaotdnRh e gu | l6a3t(oi2tfo)h nL e i | sRteignulga tTih | roiensss p.o nasliisbno | ic lliutyd |\n| m | ainteonfaa dnecqeu a | te raecccoiornua | d ncstc ionrwgdi attnhhcp | eer oviosfti hoBena | sn kin |\n| R | egulAact1ti9,ofo4 nr9s afeg | uaortfdh aiesn sgoe | t fth Bsea naknfo drp r | eveanntddie ntge c | ting |\n| a | nodt hierrr egusleal | reiactntidaie pospn;l | iocfaa tpiporno par | cicaotupeno tliinmcga | i kiensg; |\n| j | udgmaenndet sst imtah | taaetrsr e e asoan | napdbr lued aenndtd ;e | siigmplne,m einot | anan td |\n| m | ainteonfaa dnecqeiu natt | eefir nnaanlcci oanl | t trhowaletsr o ep era | tingfo ree nffseu | ctrthiienv g |\n| a | ccuarnacdco ym pleottfe | h anece csosu rnetc | iornregdl set,vot ah pnert | e paarnapdtr ieosne | notfa t |\n| th | eS tandalonRee | sFuitlnhtaagsnti c vaiet | a rlua en fadi vri eaw | n dar fer efreom m a | teri |\n| m | isstawtheemthedenurttefr o, | a uodre rror | . |  |  |\n| I | np repatrhSietn agn dFai | lnoanRneec siuatllhBt | eos a,or Dfd i reicrst | e osrpso fonrs iabsl | steeh ses |\n| B | anakb'istl oci oty ntaisna | g uoei cnogn cde | irsnc,l aosas pipnlg | i,mc aatbtrleeerl,sa t tog | e odi ng |\n| c | oncaenurdsn i tnhggeo icno | gn cbearsoniaf sc c | ouunntlitenhsBgeso a | orfDd i reecittoihrn | estr e nd |\n| t | loi qutihdBeaa tnoekrt oce a | ospee raotirho ann | ssor , e alailstteir | bcnu tatodt ois voe. |  |\n| T | hBeo aorDfdi reicastl orsr | eoss pofonros vieb | rlsete hBeeai nnfikgn' as | n rcieaplo prtrioncg | e ss. |\n| di | tor's Resfoproth ne | sA iubdoiliiftitht ee Ss t | andaloFninean ciR | ale sults |  |\n| O | uorb jecatrtieoov b etsa i | n raesassuora | nabanowbcuhletee t thhSeetr | a ndFalionnaeRn ecsi | uaalslt s |\n| aw | hoalrfreee freo mm atemri | iasls tawtheem | tedhnuetterfro, a uoder r | raonrtd,oi ssaunae u | dito |\n| r | eptohrtia ntc louudorep si | nRieoans.o ansa | sbulreia sanh ciegl he v | oefal s surbaunitcns | et o, a |\n| g | uaratnhataneat eu dciotn d | uicnat cecdo rwd | iaStnAhcws ei a lllw daey | tsae m catt emriisasl | t ate |\n| w | heientx iMsitsss.t acta | eanmr eifrnsotemfrs a uo | der r raonardr ceo n | simdaetreierifdin, ad l | i vidua |\n| o | ri nt haeg gretghacetoyeu r | ,le da sobneexa pb | elcytt oie ndfl utehne | ecc eo ndoemciicos fui | soenrss |\n| t | akoenthn eb asoitfsh eSstea | ndFailnoanRnee | c siuallt s. |  |  |\n| A | sp arto fa na udiinat c c | orwidtahnS cAse,w | ee xerpcriosfees | sjiuodngamalen nmdta | intai |\n| p | rofessskieopntatilhc rio | sutmgh haeou udWtie at | l.s o: |  |  |\n| • | Idenatnaidsfy s tehrseis s o | mkfas t emriisas | lt aottfeh Smete anntd | FailnoanRneec siuawllh | t est,h e |\n|  | duteof raoured r rdoers, | ai ngpdne rfoarumd | p irto cerdeusrpe | ostn ots hiorvsiees a knsod | ,b tai |\n|  | audeivti dtehniacssteu ffi | caineadnp tp rot | pporr ioaviatbd eae s fioo | sru o rp inTihoreni o.s | nf ko t |\n|  | deteacm tiantge ria | l missfrtoa | mft reamiuhesdin gtth herafore | nr so unrleet siunfrlgot mei | r rnogr , |\n|  | asfr aumda iyn voclovlel | fo ursgieoirnny,t, e | notmiiosnsmaiilos nr | se,p reosrte hnoetv | aetririodn |\n|  | oifn tecronnatlr ol. |  |  |  |  |\n| • | Obtaainun n dersto | afin ndtiecnrognn atr | lre ollet vota hnaetu di | itno rdteodr e sai | ugdni t |\n|  | procetdhuaarrtaee ps p r | oipntr hiceai trec | umsUtnadnecre s1 | S.4e 3cti(oo3ntf) h (Aeic w)t | e ,a re |\n|  | alrseos pofonrse ixbplr | eeo suosrpi inngoi nw | o hne tthheBera nhkaa | sd eqiunatteefir nn | aanlc i |\n|  | contwirtorhle sf etrSoet n | acned FailnoanSn | etc aitaelim pnel naatcns | ted h oep ereaffteicn | tgi ve |\n|  | osfu ccho ntrols. |  |  |  |  |\n| • | Evaltuhaaetp ep ropr | oifaa ctceonuepnso | tsli iuncsgie aednst d h ree | asonaobfal cec | noeusnst |\n|  | esimtataensrd e ldaitse | cdl moasdbueytr heBse | o aorDfd i rect | ors. |  |\n| • | Concolnutd haeep pro | prioaftt heBeno ea | sorsfDd i recutsooeftr | hsge'o icnogn cbea | rsonif s |\n|  | accouanntbdia,ns ogent d h a | eu deivitd eonbc | tea wihneetdamh, ae tr | e urnicaelrt eaxiinrs | tyet lsa te |\n|  | toev eonrct osn ditthima | oatcny as ss itg nid | fiocuoabnntt th Be a nak | b'istl oci otyn taisang | uoei ng |\n|  |  |  | ........ | UN AI _/ _�...,,, .. |  |", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 9, "section": "[aJ:l•l#fi:f'1:Bi \nWe understand your world", "subsection": "SRs \nRR4 \nIndia Ratin □s \n25%-50% \n127.60 \nRR1 \nIndia Ratinqs \n100%-150% \n48.95 \nRR3 \nCRlSIL \n50% - 75% \n20.56 \nRR1+ \nIndia Ralinos \nMore than 150% \n0.15 \nRR1+ \nICRA \nMore than 150% \n0.85 \nRR3 \nIndia Ratin□s \n50%- 75% \n36,22 \nUnrated \n730.40 \n' \n118.66 \nTotal \n1,083.39", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "f80c80d3e3c70fd2", "content": "[TABLE] Company: HDFC | Year: FY2025 | Section: For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075 | Page: 10\n\n| PricWea terhLoLuPs e | B | atli&bP ouir ohit |  |\n|---|---|---|---|\n| ChartAecrceodu nta | nts C | harteArcecdo untants |  |\n| NESCIOTB, u ilIdIiIn,g | N | atiIonnsaulrB aunicled in | g, |\n| 8tFhl oNoErS,C OP aIrTk | , 2 | nFdl o2o0r4,, D N R | oad, |\n| GoregaoMnu m(bE-a4a | i0s 0t0)6,3 F | ortM,u mb-a4i0 0001 |  |\n| concIewfre cn o.n | cludmea tteuhrnaictae lrta ea xiinwstye | at rsre,e qutiodr reaadwtt enitoni | u orn |\n| auditroerp'tostort h r | ee ldaitsecdl iotnsh Suetr aensd Fa | ilnoanRneec siuoalrlist, fus c dhis c | losure |\n| arien adetqomu oa | dtoieufy,or p inOiuocrno .n claursb | eia osonenstd h aeu deivti doebntc | aei ned |\n| upt toh dea otofeu ar | u ditorH'osw evrfueeturpr,oee rv te | o.nrc t osn dimtaicyoa nutssh Beea n | tko |\n| ceatsoceo ntaisang | uoeic nogn cern. |  |  |\n| • Evaltuhaoetv eel r | aplresesnttruactatuinrcodeon n,t o | efn tSt thaen dFailnoannRece is | aull ts, |\n| incltuhddeii nsgc | laonswduh reettshh,See tr a ndFailn | oanRneec siuraleltp srt ehsueen ndte | rlying |\n| transaancedtv it | eoisnnna s mathnanatec rh ifaeivprer se | sentation. |  |\n| 9.Wec ommunwitihct a | htocesh ea rwigteghdo verrneagnac | read mionongtg,h m eart ttehrpesl ,a | nned |\n| scoapnetd i moitfnh ga | e u daintsd i gniafiucdaintt ifinn | cdliaunndgsyisi n,gg n idfiecfiacnit | ie nncies |\n| intecronnattlrh woaelti | dendtuirifyon ugar u dit. |  |  |\n| 10W.ea lpsroo vtihdocesh | ea rwigteghdo verwniaatn hcs et a | tthewamethe anvctoe m pwliirteehdl | evant |\n| ethicraelq uirree | mgeanritdnsid negp eanndtdeoc n ocmem, | u nwiicttahhte aeml r le latioa | nnsdhips |\n| othmeart ttehrsma atry | e asobneta hboluytg obh etao rno ui | rn depeanndwdeh necarepe,p l | icable |\n| relsaatfeegdu ar | ds. |  |  |\n| OtheMra tters |  |  |  |\n| 11T.hset andfianlaonnr | ceei saoultfl h tBesa nfokrth ey eeanrd M | eadr 3c1h2, 0 2w4aj so tliaynu dib | tyed |\n| M MN iss&iC moL L | aPn Pdr iWcaet erhLoLuPws,he vo i | tdhee rierp doartt Aepdr2 i0l2, 0 | 24, |\n| expresasnue ndm od | oipfiiendoi nto hno sstea ndfianla | onnrceei saulAl ctcso.r dBiantgl | &liyb,o i |\n| Purodhoni oettx pr | eospsi naoinntoy hfin eg urreepso forrtt | heyede eanrd Meadr 3c1h2, 0 2i4tn | h e |\n| StandFailnoanRneec | siuallt s. |  |  |\n| 12T.hSet andFailnoan | Rneec siuialnltc slt uhrdeee s fuoltrthq seu | aretnedMrea dr 3c1h2, 0 25 t | bheeing |\n| balanficgiubnregetw s | e tehnae u difitgeudir nre ess poethfcte | fu lfiln anyceiaaanrltd h peu ibslh | ed |\n| unaudyiettaedorda fi t | geu urpet sto h teh iqruda rottfeh creu | rrfiennatny ceiawarhl,i chn ew | ietrhee r |\n| subtjloei cmtri etvien | edow ar u dibtyue sd. |  |  |\n| 13T.hSet andFailnoan | Renesc uildatsel alwi ttb hyt hriesp hoartbv | eee pnr epfoarrt ehedexp repsusrp | ose |\n| ofifl iwnigNt ahti oSnt | aoElcx kc hoafnI gnediL ai miatnBedSd | LE i miTtheedrs.ee s ulbtasso | enadr e |\n| ansdh obuerl edwa idtt | hhAe u diStteadn dFailnoanSnetc a | itaelom tfeh nBetsa nkt,h yefoe rea nr | d ed |\n| Mar3c1h2, 0 2o5nw hi | wcehh va ei ssaunue ndm odifieo | dp ianviuiddooeinu rt re pdoarttA epdr1 | i9l, |\n| 2025. |  |  |  |\n| Ouorp inointo hSnet a | ndFailnoanRneec siuianlslot mtso di | ifirnee ds poeafcb tom vaet ters | . |\n| FoPrr iWcaet erLhLoPu s | e FoBra tl | &iP buorio hit |  |\n| CharteArcecdo unta | nts CharteA | rcectdoa unnts |  |\n| FirRme gisNturmabt3ei | 0ro1:n1 12E/E300F2i6rR4me g | istNruamtb1ie0or1n:0 48W |  |\n| ,.,r /e-.S'-'\" · | ,4 | �- -1-.;{'-.A- f |  |\n| ShaVraasda nt Partner | JanMaekh Partne | -:t1 • ;, ·- ta r |  |\n| MemberNsuhmib1pe0 r1: | 1 19 Membe | rNsuhmib1pe1 r6:9 76 |  |\n| UDIN: 251011 | 19BMIFBC546U6D IN: | 25116976BMOKO | T4075 |\n| PlaMcuem:bi a | PlaMcuem | :b ai |  |\n| DatAep:r1 i92l,0 25 | DatAep:r1 | i92l,0 25 |  |", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "6379e7267ee04d3a", "content": "[TABLE] Company: HDFC | Year: FY2025 | Section: For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075 | Page: 11\n\n| [ | \"'I: 1·) 4f | l ;,.,: B | l |  |  |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|---|---|---|\n| W | e underStand | your wo | rld |  |  | HDFC BAN CIN : L65920MH | K LIMITED 1994PLC080618 |  |  |  |  |\n|  |  | CONSO | San W LID | doz House, ebsite: http ATED FINA | Shivsagar s://www.h NCIAL RE | Estate, Dr. Ann dfcbank.com, T SULTS FOR THE | ie Besant Road, el.: 022-665210 QUARTER AN | Worli, Mumbai 00, Fax: 022-24 D YEAR ENDED | 400 018. 96 0739 MARCH 31, 202 | 5 | (tin crore |\n|  | Particulars |  |  |  |  | 31. | Quar 03.2025 31. | ter ended 12.2024 31. | 03.2024 31. | Year ended 03.2025 31. | 03.2024 |\n|  |  |  |  |  |  | A (Ref | udited Un er note 6) | audited A (Ref | udited A er note 6) | udited A | udited |\n| 1 | Interest earned a) Interest/ disco | (a)+(b)+(c)+ unt on adva | (d) nce | s I bills |  |  | 86779.34 64006.90 19733.02 | 85040.17 63363.53 18878.30 | 79433.61 61102.68 15982.73 | 336367.43 251953.60 73912.07 | 283649.02 217979.34 57524.80 |\n|  | b) Income on inv c) Interest on bal inter-bank fun d) Others | estments ances with R ds | es | erve Bank of | India and o | ther | 761.74 2277.68 | 925.26 1873.08 | 824.57 1523.63 | 3172.52 7329.24 | 2634.63 5510.25 |\n| 2 | Other income (a a) Premium and | )+(b) other operat | ing | income from | insurance | business | 33489.42 25635.74 | 27153.77 19238.57 | 44957.74 22794.24 | 134548.50 78589.17 | 124345.75 57858.60 |\n| 3 | b) Others (Refer Total income (1 | note 8) )+(2) |  |  |  |  | 7853.68 120268.76 | 7915.20 112193.94 | 22163.50 124391.35 | 55959.33 470915.93 | 66487.15 407994.77 |\n| 4 5 | Interest expende Operating expe | d nses (i)+(ii) | +(iii) |  |  |  | 46986.21 43903.80 8809.68 | 46914.28 37349.50 8517.66 | 43691.51 49127.91 9422.59 | 183894.20 176605.07 34135.75 | 154138.55 152269.34 31023.00 |\n|  | i) Employees cos ii) Claims and be | t nefits paid a | nd | other expens | es pertainin | g to | 22543.14 | 16745.01 | 27847.85 | 94437.39 | 78313.46 |\n|  | insurance bus iii) Other operatin | iness g expenses |  |  |  |  | 12550.98 | 12086.83 | 11857.47 | 48031.93 | 42932.88 |\n| 6 | Total expenditu | re (4)+(5) (e | xcl | uding provis | ions and |  | 90890.01 | 84263.78 | 92819.42 | 360499.27 | 306407.89 |\n| 7 | contingencies) Operating profi | t before pro | visi | ons and con | tingencie | s (3)-(6) | 29378.75 | 27930.16 | 31571.93 | 110416.66 | 101586.88 |\n| 8 | Provisions (other | than tax) an | d c | ontingencies | (Refer not | e 15) | 3805.36 | 3957.29 | 13810.54 | 14174.61 | 25018.28 |\n| 9 | Exceptional item | s |  |  |  |  | - | - | - | - | - |\n| 10 | Profit from ordi | nary activiti | es b | efore tax a | nd minorit | y | 25573.39 | 23972.87 | 17761.39 | 96242.05 | 76568.60 |\n| 11 | interest (7)-(8)-( Tax expense | 9) |  |  |  |  | 6288.82 | 5632.76 | (251.48) | 22801.88 | 11122.10 |\n| 12 | Net profit from | ordinary act | iviti | es after tax | and befor | e minority | 19284.57 | 18340.11 | 18012.87 | 73440.17 | 65446.50 |\n| 13 | interest (1 0)-(11 Extraordinary ite | ) ms (net of ta | x ex | pense) |  |  | - | - | - | - | - |\n| 14 | Net profit for th | e period bef | ore | minority int | erest (12)- | (13) | 19284.57 | 18340.11 | 18012.87 | 73440.17 | 65446.50 |\n| 15 | Less: Minority in | terest |  |  |  |  | 449.69 | 683.50 | 390.49 | 2647.92 | 1384.46 |\n| 16 | Net profit for th | e period (14 | )-(1 | 5) |  |  | 18834.88 | 17656.61 | 17622.38 | 70792.25 | 64062.04 |\n| 17 | Paid up equity s | hare capital ( | Fac | e value of~ | 1/-each) |  | 765.22 | 764.83 | 759.69 | 765.22 | 759.69 |\n| 18 | Reserves exclud | ing revaluati | on r | eserves |  |  |  |  |  | 517218.98 | 452982.84 |\n| 19 | Analytical Ratio | s and other | dis | closures : |  |  |  |  |  |  |  |\n|  | (i) Percentage of | shares held | by | Government | of India |  | Nil | Nil | Nil | Nil | Nil |\n|  | (ii) Earnings per (a) Basic EPS b (net of tax ex | share (EPS) efore & after pense) -not | (?) extr ann | (Face value aordinary ite ualized | of~ 1/-eac ms | h): | 24.62 | 23.11 | 23.20 | 92.81 | 90.42 |\n|  | (b) Diluted EPS | before & afte | r ex | traordinary it | ems |  | 24.52 | 23.00 | 23.12 | 92.39 | 90.01 |\n|  | (net of tax ex | pense) -not | ann | ualized |  |  |  |  |  |  |  |", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "6999d2c7a05bd9f3", "content": "[TABLE] Company: HDFC | Year: FY2025 | Section: For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075 > f) OthersA \n4372.17 \n4584.06 \n3750.41 \n17136.34 \ng) Unallocated \n-\n-\n-\n-\nTotal \n180292.89 \n168984.32 \n177435.75 \n697842.44 \nLess: Inter Seament Revenue \n60024.13 \n56790.38 \n53044.40 \n226926.51 \nIncome from Operations \n120268.76 \n112193,94 \n124391.35 \n470915.93 \n2 Segment Results*** \na) Treasury \n1230.69 \n924.51 \n9128.25 \n4605.36 \nb) Retail Banking: \n8148.74 \n6423.20 \n426.37 \n27309.11 \n(i) Digital Banking\" \n0.02 \n(0.03) \n(0.31) \n0.04 \n(ii) Non Digital Banking \n8148.72 \n6423.23 \n426.68 \n27309.07 \nc) Wholesale Banking \n10406.43 \n11497.04 \n3966.26 \n44543.96 \nd) Other Banking Operations \n4143.85 \n3588.17 \n2825.78 \n14363.75 \ne) Insurance Business** \n1871.17 \n1558.21 \n1320.19 \n5953.61 \nf) OthersA \n358.57 \n568.11 \n678.60 \n1810.38 \na) Unallocated \n(586.06) \n(586.37) \n(584.06) \n(2344.12) \nTotal Profit Before Tax and Minoritv Interest \n25573.39 \n23972.87 \n17761.39 \n96242.05 \n3 Segment Assets \na) Treasury \n991874.12 \n939561.69 \n822926.80 \n991874.12 \nb) Retail Banking: \n1533890.27 \n1504060.81 \n1395089.03 \n1533890.27 \n(i) Digital Banking., \n81.15 \n73.53 \n51.34 \n81.15 \n(ii) Non Digital Banking \n1533809.12 \n1503987.28 \n1395037.69 \n1533809.12 \nc) Wholesale Banking \n1247937.97 \n1179624.34 \n1274899.43 \n1247937.97 \nd) Other Banking Operations \n112358.81 \n108862.24 \n97097.23 \n112358.81 \ne) Insurance Business** \n372256.74 \n362550.16 \n322984.00 \n372256.74 \nf) OthersA \n109961.74 \n106665.67 \n89587.20 \n109961.74 \na) Unallocated \n24137.77 \n26855.46 \n27610.57 \n24137.77 \nTotal \n4392417.42 \n4228180.37 \n4030194.26 \n4392417.42 \n4 Segment Liabilities*** \na) Treasury \n83340.18 \n74522.11 \n94557.67 \n83340.18 \nb) Retail Banking: \n2312515.85 \n2273941.41 \n2046673.65 \n2312515.85 \n(i) Digital Banking\"' \n86.16 \n78.32 \n56.18 \n86.16 \n(ii) Non Digital Banking \n2312429.69 \n2273863.09 \n2046617.47 \n2312429.69 \nc) Wholesale Banking \n956136.34 \n871158.16 \n973987.85 \n956136.34 \nd) Other Banking Operations \n8513.18 \n8364.43 \n8212.98 \n8513.18 \ne) Insurance Business** \n358568.57 \n348560.91 \n311998.00 \n358568.57 \nf) OthersA \n86926.10 \n85527.65 \n71040.35 \n86926.10 \nal Unallocated \n48268.77 \n47957.55 \n53945.11 \n48268.77 \nTotal \n3854268.99 \n3710032.22 \n3560415.61 \n3854268.99 \nCapital, Employees stock options outstanding, Reserves \n538148.43 \n518148.15 \n469778.65 \n538148.43 \n5 and Minority Interest \n6 Total f4l+f5l \n4392417.42 \n4228180.37 \n4030194.26 \n4392417.42 \n/nformat,on about DIg1tal Banking Segment reported as a sub-segment of Retail Banking Segment Is related to DIg1tal Banking Units of the Bank. \n•• Includes the operations of HDFC Life Insurance Company Limited (consolidated) (\"HDFC Life\") and HDFC ERGO General Insurance Company Limited (\"HDFC Ergo\"). \n•••segment Results and Liabilities for the periods ended March 31, 2024 are after considering the impact of floating provisions in the respective segments. | Page: 12\n\n| Particulars | Quarter ended |  |  | Year ended |  |\n|---|---|---|---|---|---|\n|  | 31.03.2025 Audited (Refer note 61 | 31.12.2024 | 31.03.2024 | 31.03.2025 | 31.03.2024 |\n|  |  | Unaudited | Audited 'Refer note 6\\ | Audited | Audited |\n| 1 Segment Revenue a) Treasury b) Retail Banking: (i) Digital Banking~ (ii) Non Digital Banking c) Wholesale Banking d) Other Banking Operations e) Insurance Business** f) OthersA g) Unallocated Total Less: Inter Seament Revenue | 16910.36 73391.30 2.40 73388.90 49637.35 9573.11 26408.60 4372.17 - 180292.89 60024.13 | 15428.73 71973.92 2.29 71971.63 47683.00 9165.17 20149.44 4584.06 - 168984.32 56790.38 | 20553.30 65065.26 1.05 65064.21 48745.92 8318.92 31001.94 3750.41 - 177435.75 53044.40 | 62227.48 283434.79 8.59 283426.20 191964.51 35449.05 107630.27 17136.34 - 697842.44 226926.51 | 61653.66 233637.87 3.37 233634.50 175520.23 30050.38 86877.22 13536.00 - 601275.36 193280.59 |\n| Income from Operations 2 Segment Results*** a) Treasury b) Retail Banking: (i) Digital Banking\" (ii) Non Digital Banking c) Wholesale Banking d) Other Banking Operations e) Insurance Business** f) OthersA a) Unallocated | 120268.76 | 112193,94 | 124391.35 | 470915.93 | 407994.77 |\n|  | 1230.69 8148.74 0.02 8148.72 10406.43 4143.85 1871.17 358.57 (586.06) | 924.51 6423.20 (0.03) 6423.23 11497.04 3588.17 1558.21 568.11 (586.37) | 9128.25 426.37 (0.31) 426.68 3966.26 2825.78 1320.19 678.60 (584.06) | 4605.36 27309.11 0.04 27309.07 44543.96 14363.75 5953.61 1810.38 (2344.12) | 14190.10 15659.91 (1.23} 15661.14 32280.98 11104.00 3321.30 2352.00 (2339.69) |\n| Total Profit Before Tax and Minoritv Interest | 25573.39 | 23972.87 | 17761.39 | 96242.05 | 76568.60 |\n| 3 Segment Assets a) Treasury b) Retail Banking: (i) Digital Banking., (ii) Non Digital Banking c) Wholesale Banking d) Other Banking Operations e) Insurance Business** f) OthersA a) Unallocated | 991874.12 1533890.27 81.15 1533809.12 1247937.97 112358.81 372256.74 109961.74 24137.77 | 939561.69 1504060.81 73.53 1503987.28 1179624.34 108862.24 362550.16 106665.67 26855.46 | 822926.80 1395089.03 51.34 1395037.69 1274899.43 97097.23 322984.00 89587.20 27610.57 | 991874.12 1533890.27 81.15 1533809.12 1247937.97 112358.81 372256.74 109961.74 24137.77 | 822926.80 1395089.03 51.34 1395037.69 1274899.43 97097.23 322984.00 89587.20 27610.57 |\n| Total | 4392417.42 | 4228180.37 | 4030194.26 | 4392417.42 | 4030194.26 |\n| 4 Segment Liabilities*** a) Treasury b) Retail Banking: (i) Digital Banking\"' (ii) Non Digital Banking c) Wholesale Banking d) Other Banking Operations e) Insurance Business** f) OthersA al Unallocated | 83340.18 2312515.85 86.16 2312429.69 956136.34 8513.18 358568.57 86926.10 48268.77 | 74522.11 2273941.41 78.32 2273863.09 871158.16 8364.43 348560.91 85527.65 47957.55 | 94557.67 2046673.65 56.18 2046617.47 973987.85 8212.98 311998.00 71040.35 53945.11 | 83340.18 2312515.85 86.16 2312429.69 956136.34 8513.18 358568.57 86926.10 48268.77 | 94557.67 2046673.65 56.18 2046617.47 973987.85 8212.98 311998.00 71040.35 53945.11 |\n| Total | 3854268.99 | 3710032.22 | 3560415.61 | 3854268.99 | 3560415.61 |\n| Capital, Employees stock options outstanding, Reserves 5 and Minority Interest | 538148.43 | 518148.15 | 469778.65 | 538148.43 | 469778.65 |\n| 6 Total f4l+f5l | 4392417.42 | 4228180.37 | 4030194.26 | 4392417.42 | 4030194.26 |", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "f) OthersA \n4372.17 \n4584.06 \n3750.41 \n17136.34 \ng) Unallocated \n-\n-\n-\n-\nTotal \n180292.89 \n168984.32 \n177435.75 \n697842.44 \nLess: Inter Seament Revenue \n60024.13 \n56790.38 \n53044.40 \n226926.51 \nIncome from Operations \n120268.76 \n112193,94 \n124391.35 \n470915.93 \n2 Segment Results*** \na) Treasury \n1230.69 \n924.51 \n9128.25 \n4605.36 \nb) Retail Banking: \n8148.74 \n6423.20 \n426.37 \n27309.11 \n(i) Digital Banking\" \n0.02 \n(0.03) \n(0.31) \n0.04 \n(ii) Non Digital Banking \n8148.72 \n6423.23 \n426.68 \n27309.07 \nc) Wholesale Banking \n10406.43 \n11497.04 \n3966.26 \n44543.96 \nd) Other Banking Operations \n4143.85 \n3588.17 \n2825.78 \n14363.75 \ne) Insurance Business** \n1871.17 \n1558.21 \n1320.19 \n5953.61 \nf) OthersA \n358.57 \n568.11 \n678.60 \n1810.38 \na) Unallocated \n(586.06) \n(586.37) \n(584.06) \n(2344.12) \nTotal Profit Before Tax and Minoritv Interest \n25573.39 \n23972.87 \n17761.39 \n96242.05 \n3 Segment Assets \na) Treasury \n991874.12 \n939561.69 \n822926.80 \n991874.12 \nb) Retail Banking: \n1533890.27 \n1504060.81 \n1395089.03 \n1533890.27 \n(i) Digital Banking., \n81.15 \n73.53 \n51.34 \n81.15 \n(ii) Non Digital Banking \n1533809.12 \n1503987.28 \n1395037.69 \n1533809.12 \nc) Wholesale Banking \n1247937.97 \n1179624.34 \n1274899.43 \n1247937.97 \nd) Other Banking Operations \n112358.81 \n108862.24 \n97097.23 \n112358.81 \ne) Insurance Business** \n372256.74 \n362550.16 \n322984.00 \n372256.74 \nf) OthersA \n109961.74 \n106665.67 \n89587.20 \n109961.74 \na) Unallocated \n24137.77 \n26855.46 \n27610.57 \n24137.77 \nTotal \n4392417.42 \n4228180.37 \n4030194.26 \n4392417.42 \n4 Segment Liabilities*** \na) Treasury \n83340.18 \n74522.11 \n94557.67 \n83340.18 \nb) Retail Banking: \n2312515.85 \n2273941.41 \n2046673.65 \n2312515.85 \n(i) Digital Banking\"' \n86.16 \n78.32 \n56.18 \n86.16 \n(ii) Non Digital Banking \n2312429.69 \n2273863.09 \n2046617.47 \n2312429.69 \nc) Wholesale Banking \n956136.34 \n871158.16 \n973987.85 \n956136.34 \nd) Other Banking Operations \n8513.18 \n8364.43 \n8212.98 \n8513.18 \ne) Insurance Business** \n358568.57 \n348560.91 \n311998.00 \n358568.57 \nf) OthersA \n86926.10 \n85527.65 \n71040.35 \n86926.10 \nal Unallocated \n48268.77 \n47957.55 \n53945.11 \n48268.77 \nTotal \n3854268.99 \n3710032.22 \n3560415.61 \n3854268.99 \nCapital, Employees stock options outstanding, Reserves \n538148.43 \n518148.15 \n469778.65 \n538148.43 \n5 and Minority Interest \n6 Total f4l+f5l \n4392417.42 \n4228180.37 \n4030194.26 \n4392417.42 \n/nformat,on about DIg1tal Banking Segment reported as a sub-segment of Retail Banking Segment Is related to DIg1tal Banking Units of the Bank. \n•• Includes the operations of HDFC Life Insurance Company Limited (consolidated) (\"HDFC Life\") and HDFC ERGO General Insurance Company Limited (\"HDFC Ergo\"). \n•••segment Results and Liabilities for the periods ended March 31, 2024 are after considering the impact of floating provisions in the respective segments.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "c1dbbb8c00ad2fb1", "content": "[TABLE] Company: HDFC | Year: FY2025 | Section: For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075 > (4075.89) \n(4286.72) \n100.72 \n99.82 \n192.00 \n9500.67 \n(67.47) \n. \n(3850.64) \n5313.77 | Page: 13\n\n| Particulars | As at 31.03.2025 | As at 31.03.2024 |\n|---|---|---|\n|  | Audited | Audited |\n| CAPITAL AND LIABILITIES Capital Employees stock options outstanding Reserves and surplus Minority interest Deposits Borrowings Other liabilities and provisions Policvholders' funds | 765.22 3805.19 517218.98 16359.04 2710898.23 634605.57 188163.66 320601.53 | 759.69 2652.72 452982.84 13383.40 2376887.28 730615.46 174832.07 278080.80 |\n| Total | 4392417.42 | 4030194.26 |\n| ASSETS Cash and balances with Reserve Bank of India Balances with banks and money at call and short notice Investments Advances Fixed assets Other assets | 144390.25 105557.65 1186472.89 2724938.16 15257.94 215800.53 | 178718.67 50115.84 1005681.63 2571916.65 12603.76 211157.71 |\n| Total | 4392417.42 | 4030194.26 |", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "(4075.89) \n(4286.72) \n100.72 \n99.82 \n192.00 \n9500.67 \n(67.47) \n. \n(3850.64) \n5313.77", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "8cce13702a5afb35", "content": "[TABLE] Company: HDFC | Year: FY2025 | Section: For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075 > (4075.89) \n(4286.72) \n100.72 \n99.82 \n192.00 \n9500.67 \n(67.47) \n. \n(3850.64) \n5313.77 | Page: 13\n\n| Particulars | Year ended | Year ended |\n|---|---|---|\n|  | 31.03.2025 | 31.03.2024 |\n|  | Audited | Audited |\n| Cash flows from operating activities: Consolidated profit before income tax and after minority interest Adjustment for : Depreciation on fixed assets (Profit)/ loss on revaluation of investments Amortisation of premium on investments Profit on sale of fixed assets (Profit) / loss on sale of investment in subsidiary Provision/ charge for non performing assets Floating provisions Provision/ (write-back) for standard assets and contingencies Employee stock options/ units expense Adjustments for : Increase in investments Increase in advances Increase in deposits Increase in other assets Increase in other liabilities and provisions Increase in policyholders' funds Direct taxes paid (net of refunds) Net cash flows from operating activities Cash flows from investing activities: Purchase of fixed assets Proceeds from sale of fixed assets Proceeds from sale of investment in subsidiary (net) Investment in subsidiaries Net cash flow from/ (used in) investing activities | 93594.13 3805.23 3909.10 87.07 (22.03) 8.00 15385.24 . (1210.63) 2086.05 | 75184.14 3092.08 (6957.14) 966.09 (75.36) (7341.42) 12540.05 10900.00 1578.23 1731.73 |\n|  | 117642.16 | 91618.40 |\n|  | (180362.67) (169918.22) 334010.95 (10829.67) 13117.98 43289.99 | (88411.63) (312488.37) 336964.81 (27919.59) 6420.40 35728.16 |\n|  | 146950.52 | 41912.18 |\n|  | (19708.68 | (22842.84) |\n|  | 127241.84 | 19069.34 |\n|  | (4075.89) 100.72 192.00 (67.47) | (4286.72) 99.82 9500.67 . |\n|  | (3850.64) | 5313.77 |", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "(4075.89) \n(4286.72) \n100.72 \n99.82 \n192.00 \n9500.67 \n(67.47) \n. \n(3850.64) \n5313.77", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "7080cfb3c14001df", "content": "[TABLE] Company: HDFC | Year: FY2025 | Section: For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075 > Cash and cash equivalents acquired on amalgamation \n-\n11181.71 | Page: 14\n\n|  | Year ended | Year ended |\n|---|---|---|\n|  | 31.03.2025 | ~'\"-1,03.2024 |\n|  | Audited | Audited |\n| cash ftows from financing activities: Increase in minority Interest Proceeds from exercise of convertible equity warrants Proceeds from issue of share capital other than warrants Proceeds from issue of Tier 1 and Tier 2 capital instruments Redemption of Tier 1 and Tier 2 capital instruments Decrease in other borrowings Dividend paid during the year Net cash flow used in financing activities Effect of fluctuation In forelgn currency translation reserve Net increase in cash and cash equivalents Crush and cash equivalents at the beginning of the year Cash and cash equivalents acquired on amalgamation Cash and cash equivalents at the end of the vear | 2382.88 . 6346.50 1182.00 (500.00) (97062.73) (14826.19 | 1201.66 3192.81 5249.73 2350.00 (230.00) (7342.84) (8404.42 |\n|  | (102477.54 | 13983.06) |\n|  | 199.73 | 104.94 |\n|  | 21113.39 | 20504,99 |\n|  | 228834.51 - 249947.90 | 197147.81 11181.71 228834.51 |", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "Cash and cash equivalents acquired on amalgamation \n-\n11181.71", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "cb71a3317613d2c1", "content": "[TABLE] Company: HDFC | Year: FY2025 | Section: For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075 > Cash and cash equivalents acquired on amalgamation \n-\n11181.71 | Page: 15\n\n| W | e understand your | world |  |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|---|\n| 7 | The Board of Directo | rs at its meeting he | ld on April 04, 20 | 22, approv | ed a composite | Scheme | of amalgamatio | n (\"Schem | e\"), for the |\n|  | amalgamation of: (i) | erstwhile HDFC Inv | estments Limited | (\"eHDFC | Investments\") a | nd erstwhi | le HDFC Holdi | ngs Limite | d (\"eHDFC |\n|  | Holdings\"), with and i | nto erstwhile Housin | g Development F | inance Co | rporation Limite | d (\"eHDFC | Limited\"); and | thereafter | (ii) eHDFC |\n|  | Limited into HDFC Ba | nk Limited (\"Bank''), | and their respectiv | e sharehol | ders and credito | rs, under | Sections 230 to | 232 of the | Companies |\n|  | Act, 2013 and other a | pplicable laws includ | ing the rules and | regulations. | The Scheme w | as approv | ed by the share | holders at t | he National |\n|  | Company Law Tribun | al (\"NCL T') conven | ed meeting of the | sharehold | ers of the Ban | k held on | November 25, | 2022. Th | e NCL T, in |\n|  | accordance with Secti | ons 230 to 232 of th | e Companies Act, | 2013 and r | ules thereunder | , vide its o | rder dated Marc | h 17, 2023 | sanctioned |\n|  | the Scheme. Upon re | ceipt of all requisite | approvals, the B | ank filed fo | rm INC 28 with | Registrar | of Companies | on July 01 | , 2023 and |\n|  | accordingly, the sche | me became effective | on July 01, 2023 | . As per th | e Scheme, the | appointed | date for the am | algamation | of eHDFC |\n|  | Limited with and into t | he Bank is the same | as effective date | of the Sch | eme i.e. July 01 | , 2023. Th | e results for the | year ended | March 31, |\n|  | 2025 include the oper | ations of eHDFC Li | mited and its subsi | diaries (whi | ch became sub | sidiaries of | the Bank on a | malgamatio | n) effective |\n|  | from July 01, 2023 and | hence are not comp | arable with results | for the yea | r ended March 3 | 1, 2024. |  |  |  |\n| 8 | During the quarter and the Bank sold 14,01,7 | year ended March 2,180 equity shares | 31, 2024, in order of HDFC Credila | to comply Financial | with the conditio Services Ltd (11H | n imposed DFC Credi | by the RBI in r la11 for a consi | elation to th deration o | e Scheme, ft 9,552.73 |\n|  | crore, resulting in gain | oft 7,341.42 crore | (net of tax t 5,526 | .26 crore). | Consequent to | the aforesa | ), id sale, HDFC | Credila cea | sed to be a |\n|  | subsidiary of the Bank | with effect from Mar | ch 19, 2024. |  |  |  |  |  |  |\n| 9 | During the year ended | March 31, 2025, th | e Board of Directo | rs of the B | ank approved th | e sale of 1 | 00.00% stake in | HDFC Ed | ucation and |\n|  | Development Services | Private Ltd (\"HEAD | S\"), a subsidiary | of eHDFC | Limited that bec | ame a sub | sidiary of the B | ank upon t | he Scheme |\n|  | becoming effective, fo | r a consideration of | t 192.00 crore, i | n order to | comply with the | condition | imposed by the | RBI in rel | ation to the |\n|  | Scheme. Accordingly, | the Bank has diveste | d its entire stake i | n HEADS. |  |  |  |  |  |\n| 10 | During the year ende | d March 31, 2025, | the Bank has be | en allotted | 16,13,176 equ | ity shares | of HDFC Secu | rities Limit | ed (\"HSL\"), |\n|  | subscribed through a r | ights issue for a con | sideration oft 953 | .23 crore. T | he Bank's shar | eholding in | HSL stood at 9 | 4.55% as a | t March 31, |\n|  | 2025. |  |  |  |  |  |  |  |  |\n| 11 | During the year ended | March 31, 2025, th | e Bank has been | allotted 44 | ,20,059 equity s | hares of H | DFC Ergo Gen | eral Insura | nce Limited |\n|  | (\"HDFC Ergo\"), subsc | ribed through a right | s issue for a consi | deration o | f, 289.07 crore. | The Bank' | s shareholding i | n HDFC Er | go stood at |\n|  | 50.33% as at March 3 | 1, 2025. |  |  |  |  |  |  |  |\n| 12 | During the year ende | d March 31, 2025, t | he Bank has acqu | ired 69,33 | 0 equity shares | in HDFC | Capital Advisors | Limited (\" | HCAL\") for |\n|  | consideration of~ 67.4 | 7 crore. The Bank's | shareholding in HC | AL stood a | t 89.34% as at | March 31, 2 | 025. |  |  |\n| 13 | Pursuant to approvals | by the Boards of the | directors of the B | ank and its | subsidiary com | pany HOB | Financial servic | es Limited | (\"HDBFS\"), |\n|  | HDBFS filed Draft Red | Herring Prospectus | dated October 30, | 2024 with | SEBI, BSE Limit | ed and Na | tional Stock Exc | hange of In | dia Limited, |\n|  | in connection with an fresh issuance of equi | Initial Public Offerin ty shares aggregatin | g (\"IPO\") of equity g up to 2,500.00 | shares of f crore and | ace value of, an offer for sal | 10/- each e of equity | of HDBFS. The shares aggrega | !PO is com ting up to f | prised of a 10,000.00 |\n|  | crore by the Bank and | is subject to applic | ~ able law, market c | onditions, | receipt of neces | sary appro | vals / regulatory | clearance | s and other |\n|  | considerations. |  |  |  |  |  |  |  |  |\n| 14 | During the quarter and | year ended March 3 | 1, 2025, the Bank | allotted 39, | 06, 130 and 5,53 | , 11,012 eq | uity shares purs | uant to the | exercise of |\n| 15 | options/ units under th During the quarter and | e approved employe year ended March 3 | e stock option sch 1, 2025, the Bank | emes/ emp made a floa | loyee $lock ince ting provision o | ntive mast f Nil (previo | er scheme. us year: 10,90 | 0.00 crore) | in line with |\n|  | the Board approved po | licy. |  |  |  |  | ~ |  |  |\n| 16 | Other income includes | commission incom | e from non-fund b | ased bankin | g activities, fee | s, earnings | from foreign ex | change an | d derivative |\n|  | transactions, profit and | loss (including reva | luation) from inves | tments, and | recoveries from | accounts | previously writte | n off. |  |\n| 17 | In accordance with th | e RBI guidelines, ba | nks are required | to make co | nsolidated Pilla | r 3 disclos | ures including l | everage ra | tio, liquidity |\n|  | coverage ratio and net | stable funding ratio | under the Basel Ill | Framewor | k. These disclos | ures would | be available on | the Bank's | website at |\n|  | the following link: http | s://www.hdfcbank.co | m/personal/resourc | es/regulato | ry-disclosures. | The disclos | ures have not b | een subjec | ted to audit |\n|  | or review by the statut | ory auditors. |  |  |  |  |  |  |  |\n| 18 | Figures of the previous | periods have been | regrouped/ reclas | sified where | ver necessary t | o conform t | o current period | 's classifica | tion. |\n| 19 | , 10 million=, 1 crore |  |  |  |  |  |  |  |  |\n|  |  |  |  |  |  |  | Sashidhar | Jagdishan |  |", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "Cash and cash equivalents acquired on amalgamation \n-\n11181.71", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "dafcc5cd18ec99ad", "content": "[TABLE] Company: HDFC | Year: FY2025 | Section: For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075 > Cash and cash equivalents acquired on amalgamation \n-\n11181.71 | Page: 16\n\n| NESCO, IT | Building Ill, |  |  |  | National 2nd Floo | Insurance Buildi r, 204, D N Road | ng, , |\n|---|---|---|---|---|---|---|---|\n| Sth Floor, Goregaon | NESCO IT Park, (East), Mumbai | - 400063 |  |  | Fort, Mu | mbai -400001 |  |\n| Indepen | dent Auditor's | Report on C | onso | lidated Financ | ial Results f | or the year en | ded March |\n| 31, 2025 | of HDFC Ban | k Llmited pu | rsua | nt to Regulatio | n 33 of the | Securities an | d Exchange |\n| Board of | lndia (Listing | Obligations | and | Disclosure Req | uirements) | Regulations, | 2015 |\n| To |  |  |  |  |  |  |  |\n| The Board | of Directors |  |  |  |  |  |  |\n| HDFC Ban | k Limited |  |  |  |  |  |  |\n| Report o | n the Audit of | the Consoli | dated | Financial Resu | lts |  |  |\n| Opinion |  |  |  |  |  |  |  |\n| 1. We ha | ve jointly audit | ed the accom | panyi | ng Consolidated | Financial Re | sults of HDFC B | ank Limited |\n| (herei | nafter referred t | o the \"Parent\" | or the | \"Bank\") and its s | ubsidiaries (t | he Parent and it' | s subsidiaries |\n| togeth | er referred to a | s \"the Group\" | ) and | the Employee W | elfare Trust, | for the year end | ed March 31, |\n| 2025, | the Consolidat | ed Statement | of As | sets and Liabilit | ies as on tha | t date and the | Consolidated |\n| State | ment of Cashflow | s for the year | ended | on that date (tog | ether known a | s the \"Consolida | ted Financial |\n| Result | s\") which are in | cluded in the | accom | panying 'Consoli | dated Financi | al Results for th | e quarter and |\n| year e | nded March 31, | 2025', being s | ubmi | tted by the Bank | pursuant to t | he requirement | of Regulation |\n| 33 of t | he SEBI (Listing | Obligations a | nd Di | sclosure Require | ments) Regul | ations, 2015, as a | mended (the |\n| \"Listin | g Regulations\") | except for th | e dis | closures relating | to consolidat | ed Pillar 3 discl | osures under |\n| Basel | III Capital Regul | ations as at M | arch 3 | 1, 2025, includin | g leverage rati | o, liquidity cover | age ratio and |\n| net st | able funding rati | o that have n | ot bee | n audited by us, | but those wou | ld be disclosed | on the Bank's |\n| websit | e and in respect | of which a lin | k has | been provided in | the Consolid | ated Financial Re | sults. |\n| 2. In our | opinion and to | the best of ou | r info | rmation and acc | ording to the | explanations giv | en to us, and |\n| based | on the considera | tion of the rep | orts o | f the other auditor | s on separate | audited financia | l information |\n| of sub | sidiaries, the Co | nsolidated Fin | ancia | l Results: |  |  |  |\n| a. in | clude the financ | ial results of t | he ent | ities listed in Ann | exure I; |  |  |\n| b. a | re presented in | accordance wi | th th | e requirements o | f Regulation | 33 of the Listing | Regulations, |\n| ex | cept for the dis including le | closures relati verage ratio, l | ng to iquid | Pillar 3 under Ba ity coverage ratio | sel III Capita and net stab | l Regulations as le funding ratio | at March 31, that have not |\n| 20 be | 25, en audited by u | s, but those w | ould | be disclosed on th | e Bank's web | site and in respe | ct of which a |\n| li | nk has been prov | ided in the Co | nsoli | dated Financial R | esults; and |  |  |\n| c. gi | ve a true and fai | r view, in conf | ormity | with the recogni | tion and mea | surement princip | les laid down |\n| in | the applicable | accounting sta | ndard | s prescribed und | er Section 13 | 3 of the Compan | ies Act, 2013 |\n| (t | he \"Act\") read | with relevant | rules | issued thereunde | r, the releva | nt provisions of | the Banking |\n| R | egulation Act, 1 | 949, the circul | ars, g | uidelines and dire | ctions issued | by the Reserve | Bank of India |\n| (' | RBI') from time | to time ('RBI | Guide | lines') and other | accounting pr | inciples generall | y accepted in |\n| In | dia, of the cons | olidated net p | rofit | and other financi | al informatio | n of the Group a | nd Employee |\n| W | elfare Trust for | the year ende | d Ma | rch 31, 2025 and | also the Con | solidated Statem | ent of Assets |\n| an | d Liabilities as a | t March 31, 20 | 25 an | d the Consolidate | d Statement o | f Cashflows for t | he year ended |\n| o | n that date. |  |  |  |  |  |  |\n| Basis for | Opinion |  |  |  |  |  |  |\n| 3. We co | nducted our au | dit in accorda | nce w | ith the Standards | on Auditing | (SAs) specified u | nder Section |\n| 143(1 | 0) of the Act a | nd other appl | icable | authoritative pr | onouncemen | ts issued by the | Institute of |\n| Chart | ered Accountan | ts of India (\" | !CAI\" | ). Our responsib | ilities under | those Standard | s are further |\n| descri | bed in the \"Aud | itors' Responsi | bilitie | s for the Audit of | the Consolid | ated Financial Re | sults\" section |", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "Cash and cash equivalents acquired on amalgamation \n-\n11181.71", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ac8af23800baeb6b", "content": "[TABLE] Company: HDFC | Year: FY2025 | Section: For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075 > Cash and cash equivalents acquired on amalgamation \n-\n11181.71 | Page: 17\n\n| Pri | ce Waterhouse LLP |  |  |  | Batliboi & P | urohit |  |\n|---|---|---|---|---|---|---|---|\n| Cha | rtered Accountants |  |  |  | Chartered Acc | ountants |  |\n| NES | CO, IT Building III, |  |  |  | National Insur 2nd Floor, | ance Build D N Road | ing, , |\n| 8th Gor | Floor, NESCO IT Park egaon (East), Mumba | , i - 400063 |  |  | 204 Fort, Mumbai | , -400001 |  |\n|  | of our report. We are | independent o | f the Group a | nd the Empl | oyee Welfare T | rust in acc | ordance with |\n|  | the Code of Ethics iss | ued by the ICA | I together wi | th the ethical | requirements | that are re | levant to our |\n|  | audit of the Consolid | ated Financial | Results under | tbe provision | s of the Act an | d the Rule | s thereunder, |\n|  | and we have fulfilled | our other ethic | al responsibili | ties in accor | dance with thes | e requirem | ents and the |\n|  | Code of Ethics. We be | lieve that the a | udit evidence | obtained by | us and other a | uditors in t | erms of their |\n|  | reports referred to in financial information | sub-paragraph as certified by | 13 of the \"Oth Management | er Matters\" s and referred | ection below, o to in sub-par | ther than t agraph | he unaudited of the \"Other |\n|  | Matters\" section belo | w, is sufficient a | nd appropria | te to provide | a basis for our | 14 opinion. |  |\n| Boa | rd of Directors' Re | sponsibilitie | s for the Con | solidated F | inancial Res | ults |  |\n| 4. | These Consolidated | Financial Resul | ts have been | compiled fro | m the consol | idated audi | ted financial |\n|  | statements. The Bank | 's Board of Dire | ctors are resp | onsible for th | e preparation a | nd present | ation of these |\n|  | Consolidated Financi | al Results that | give a true an | d fair view o | f the consolida | ted net pro | fit and other |\n|  | financial information | , the Consolid | ated Stateme | nt of Assets | and Liabilitie | s and the | Consolidated |\n|  | Statement of Cashflo | ws of the Grou | p including th | e Employee | Welfare Trust | in accorda | nce with the |\n|  | recognition and meas | urement princi | ples laid down | in Accounti | ng Standards p | rescribed u | nder Section |\n|  | 133 of the Act read v | tith relevant ru | les issued the | reunder, the | RBI Guideline | s and othe | r accounting |\n|  | principles generally a | ccepted in India | and in compl | iance with R | egulation 33 of | the Listing | Regulations. |\n|  | The respective Board | of Directors of t | he companies | included in t | he Group and T | rustees of t | he Employee |\n|  | ,-velfare Trust are res | ponsible for ma | intenance of a | dequate acc | ounting record | s in accord | ance with the |\n|  | provisions of the Act | for safeguardin | g of the assets | of the Grou | p and the Emp | loyee Welf | are Trust and |\n|  | for preventing and de | tecting frauds | and other irre | gularities; se | lection and ap | plication o | f appropriate |\n|  | accounting policies; m | aking judgmen | ts and estima | tes that are re | asonable and | prudent; an | d the design, |\n|  | implementation and | maintenance | of adequate | internal fin | ancial control | s, that we | re operating |\n|  | effectively for ensur | ing accuracy a | nd complete | ness of the | accounting re | cords, rel | evant to the |\n|  | preparation and pres | entation of the | Consolidated | Financial Re | sults that give | a true and | fair view and |\n|  | are free from materi | al misstatemen | t, whether du | e to fraud or | error, which | have been | used for the |\n|  | purpose of preparatio | n of the Consol | idated Financ | ial Results by | the Board of | Directors of | the Bank, as |\n|  | aforesaid. |  |  |  |  |  |  |\n| 5. | In prepming the Con | solidated Finan | cial Results, t | he respectiv | e Board of Dir | ectors of th | e companies |\n|  | included in the Group | and the Truste | es of the Empl | oyee Welfare | Trust are resp | onsible for | assessing the |\n|  | ability of the Group a | nd of the Empl | oyee Welfare | Trust to cont | inue as a going | concern, | disclosing, as |\n|  | applicable, matters re | lated to going c | oncern and us | ing the going | concern basis | of accounti | ng unless the |\n|  | respective Board Dire | ctors and the T | rustees either | intends to liq | uidate the Gro | up or Empl | oyee Welfare |\n|  | Trust or to cease oper | ations, or has n | o realistic alte | rnative but t | o do so. |  |  |\n| 6. | The respective Board | of Directors o | f the compan | ies included | in the Group | and the Tr | ustees of the |\n|  | Employee Welfare Tr | ust are also resp | onsible for ov | erseeing the f | inancial report | ing process | of the Group |\n|  | and the Employee We | lfare Trust. |  |  |  |  |  |\n| Aud | itors' Responsibili | ties for tlie A | udit of the C | onsolidate | d Financial R | esults |  |\n| 7. | Our objectives are to | obtain reasonab | le assurance a | bout whethe | r the Consolid | ated Financ | ial Results as |\n|  | a whole are free from | material misst | atement, whe | ther due to fr | aud or error, a | nd to issue | an auditors' |\n|  | report that includes o | ur opinion. Rea | sonable assur | ance is a high | level assuranc | e, but is no | t a guarantee |\n|  | that an audit conduc | ted in accordan | ce with SAs | will always d | etect a materia | l misstate | ment when it |\n|  | exists. Misstatements | can arise from | fraud or error | and are cons | idered material | if, individu | ally or in the |\n|  | aggregate, they could | reasonably be e | xpected to inf | luence the ec | onomic decisio | ns of users | taken on the |\n|  | basis of these Consoli | dated Financial | Results. |  |  |  |  |", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "Cash and cash equivalents acquired on amalgamation \n-\n11181.71", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "3bf99d4d98fe77ac", "content": "[TABLE] Company: HDFC | Year: FY2025 | Section: For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075 > Cash and cash equivalents acquired on amalgamation \n-\n11181.71 | Page: 18\n\n| ce | Waterhouse | LLP |  |  | Batliboi | & Purohi | t |  |\n|---|---|---|---|---|---|---|---|---|\n| rter CO | ed Accountan , IT Building I | ts II, |  |  | Chartered National I | Accountan nsurance B | ts uild | ing |\n| Floo | r, NESCO IT | Park, |  |  | 2nd Floor, | 204, D N | Road | 1 , |\n| ega | on (East), Mu | mbai - 400063 |  |  | Fort, Mum | bai -4000 | 01 |  |\n| As | part of an a | udit in accordan | ce with S | As, we exercis | e profession | al judgme | nt a | nd maintain |\n| pro | fessional scep | ticism throughou | t the audit. | We also: |  |  |  |  |\n| • | Identify and | assess the risks | of materia | l misstatemen | t of the Cons | olidated | Fina | ncial Results, |\n|  | whether due | to fraud or error, | design and | perform audit | procedures re | sponsive t | o th | ose risks, and |\n|  | obtain audit | evidence that is su | fficient an | d appropriate t | o provide a ba | sis for our | opi | nion. The risk |\n|  | of not detecti | ng a material mis | statement r | esulting from f | raud is higher | than for o | ne r | esulting from |\n|  | error, as frau | d may involve co | llusion, for | gery, intention | al omissions, | misrepre | sent | ations, or the |\n|  | override of in | ternal control. |  |  |  |  |  |  |\n| • | Obtain an u | nderstanding of | internal c | ontrol relevant | to the audit | in order | to | design audit |\n|  | procedures th | at are appropria | te in the ci | rcumstances. U | nder Section | 143(3)(i) | of th | e Act, we are |\n|  | also responsi | ble for expressing | our opinio | n on whether th | e Bank and it | 's subsidi | aries | incorporated |\n|  | in India, has a | dequate internal | financial co | ntrols with refe | rence to finan | cial state | ment | s in place and |\n|  | the operating | effectiveness of s | uch contro | ls. |  |  |  |  |\n| • | Evaluate the | appropriateness | of accounti | ng policies use | d and the re | asonablen | ess | of accounting |\n|  | estimates and | related disclosur | es made by | the Board of D | irectors. |  |  |  |\n| • | Conclude on | the appropriaten | ess of the | Board of Dire | ctors' use of | the going | con | cern basis of |\n|  | accounting an | d, based on the a | udit eviden | ce obtained, wh | ether a materi | al uncerta | inty | exists related |\n|  | to events or c | onditions that ma | y cast signi | ficant doubt on | the ability of t | he Group | and | the Employee |\n|  | Welfare Trust | to continue as a | going conc | ern. Ifwe concl | ude that a ma | terial unc | ertai | nty exists, we |\n|  | are required t | o draw attention | in our audi | tors' report to t | he related dis | closures in | the | consolidated |\n|  | financial resu | lts or, if such disc | losures are | inadequate, to | modify our o | pinion. O | ur co | nclusions are |\n|  | based on the | audit evidence ob | tained up t | o the date of ou | r auditors' rep | ort. Howe | ver, | future events |\n|  | or conditions | may cause the G | roup and th | e Employee W | elfare Trust t | o cease to | cont | inue as going |\n|  | concern. |  |  |  |  |  |  |  |\n| • | Evaluate the | overall presentat | ion, struct | ure and conten | t of the Cons | olidated | Fina | ncial Results, |\n|  | including the | disclosures, and | whether the | Consolidated F | inancial Resu | lts repres | ent th | e underlying |\n|  | transactions a | nd events in a m | anner that | achieves fair pr | esentation. |  |  |  |\n| • | Obtain suffici | ent appropriate a | udit eviden | ce regarding th | e financial in | formation | of th | e companies |\n|  | within the G | roup and the Em | ployee We | lfare Trust to | express an op | inion on | the | Consolidated |\n|  | Financial Res | ults. We are resp | onsible for | the direction, s | upervision an | d perform | anc | e of the audit |\n|  | of financial in | formation of such | companies | included in the | Consolidated | Financial | Res | ults, of which |\n|  | we are the in | dependent audito | rs. For the | other compani | es included in | the Cons | olida | ted Financial |\n|  | Results, whic | h have been audit | ed by other | auditors, such | other auditor | s remain r | espo | nsible for the |\n|  | direction, sup | ervision and pe | rformance | of the audits | carried out b | y them. | We r | emain solely |\n|  | responsible fo | r our audit opini | on. |  |  |  |  |  |\n| We | communicate | with those charg | ed with gov | ernance of the | Bank and suc | h other co | mpa | nies included |\n| in t | he Consolidat | ed Financial Res | ults, of wh | ich we are the | independent | auditors | regar | ding, among |\n| oth | er matters, the | planned scope a | nd timing o | f the audit and | significant a | udit findin | gs, i | ncluding any |\n| sign | ificant deficie | ncies in internal c | ontrol that | we identify du | ring our audit | . |  |  |\n| We | also provide t | hose charged wit | h governan | ce of the Bank | with a statem | ent that | we h | ave complied |\n| with | relevant eth | ical requiremen | ts regardin | g independenc | e, and to co | mmunica | te w | ith them all |\n| rela | tionships and | other matters th | at may rea | sonably be tho | ught to bear | on our in | depe | ndence, and |\n| whe | re applicable, | related safeguard | s. |  |  |  |  |  |", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "Cash and cash equivalents acquired on amalgamation \n-\n11181.71", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "7c786e7b663d917a", "content": "[TABLE] Company: HDFC | Year: FY2025 | Section: For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075 > Cash and cash equivalents acquired on amalgamation \n-\n11181.71 | Page: 19\n\n| 8'\" | Floor, NESCO | IT Park, |  |  | 2nd Floor, | 204, D N Road | , |\n|---|---|---|---|---|---|---|---|\n| Go | regaon (East), | Mumbai - 40 | 0063 |  | Fort, Mum | bai -400001 |  |\n| 11. | We also perf | ormed proced | ures in accord | ance with the cir | cular issued by | the SEBI unde | r Regulation |\n|  | 33(8) of the L | isting Regulat | ions, as amen | ded, to the extent | applicable. |  |  |\n| Ot | her Matters |  |  |  |  |  |  |\n| 12. | The Consolid | ated Financial | Results of the | Bank for the yea | r ended March 3 | 1, 2024 was jo | intly audited |\n|  | by M M Niss | im & Co LLP | and Price Wa | terhouse LLP, w | ho vide their re | port dated Ap | ril 20, 2024, |\n|  | expressed an | unmodified | opinion on th | ose consolidated | financial resul | ts. Accordingl | y, Batliboi & |\n|  | Purohit do n | ot express any | opinion on th | e figures reporte | d for the year e | nded March 31 | , 2024 in the |\n|  | Consolidated | Financial Res | ults. |  |  |  |  |\n|  | Our opinion i | s not modified | in respect of t | his matter. |  |  |  |\n| 13. | The standalo | ne financial in | formation of | 7 subsidiaries an | d consolidated | financial info | rmation of 3 |\n|  | subsidiaries i and net asset | ncluded in the s of Rs. 49,721. | Consolidated 01 erores as a | Financial Results t March 31, 2025, | , reflect total as total revenues o | sets of Rs. 514, f Rs. 135,536.0 | 517.90 crores 3 crores, net |\n|  | profit after ta | x of Rs. 8,133 | .46 crores an | d net cash inflow | s of Rs. 1,372.8 | 9 erores for th | e year ended |\n|  | March 31, 20 | 25. The stand | alone/consoli | dated financial in | formal.ion of th | ese subsidiari | es have been |\n|  | audited by ot | her auditors w | hose repmts h | ave been furnishe | d to us by the B | ank's Manage | ment and our |\n|  | opinion on th | e Consolidate | d Financial R | esults, in so far a | s it relates to th | e amounts an | d disclosures |\n|  | included in re | spect of these | subsidiaries, i | s based on the rep | orts and other c | ommunication | s of the other |\n| 14- | auditors and The Consolid | the procedures ated Financia | performed b l Results incl | y us are as stated ude the unaudite | in paragraph 11 d financial inf | above. ormation of th | e Employee |\n|  | Welfare Trust | , whose financ | ial informatio | n reflect total asse | ts of Rs. 833.80 | crores and net | assets of Rs. |\n|  | 738.70 crores | as at March | 31, 2025, total | revenue of Rs. 1 | 58.76 crores, pr | ofit after tax o | f Rs. 170.00 |\n|  | crores and ca Consolidated | sh outflow of Financial Res | Rs. 2.63 cror ults. The finan | es for the year en cial information o | ded March 31, f Employee We | 2025, as consi lfare Trust is u | dered in the naudited and |\n|  | has been furn | ished to us by | the Bank's M | anagement and | our opinion on | the Consolidat | ed Financial |\n|  | Results, in so | far as it rela | tes to the am | ounts aud disclos | ures included i | n respect of th | e Employee |\n|  | Welfare Trust | , is based sole | ly on such un | audited financial | information. In | our opinion a | nd according |\n|  | to the inform | ation and expl | anations given | to us by the Ban | k's Managemen | t, this financial | information |\n|  | are not mater | ial to the Grou | p, |  |  |  |  |\n|  | Ouropinion o | n the Consolid | ated Financial | Results is not mo | dified in respect | of the above m | atters stated |\n|  | in paragraph | 13 and 14 wit | h respect to o | ur reliance on th | e work done a | nd the reports | of the other |\n|  | auditors and t | he financial in | formation cer | tified by the Man | agement of the | Bank. |  |\n| 15. | The following | other matter p | aragraph has | been included in | the audit report | on the consoli | dated special |\n|  | purpose finan | cial informat | ion of HDFC | Life Insurance | Company Limit | ed (the 'Com | pany' or the |\n|  | 'Holding Com | pany' referred | to in its repo | rt), a subsidiary | of the Bank, iss | ued by their jo | int statutory |\n|  | auditors, vide | their report d | ated April 18, | 2025: |  |  |  |\n|  | \"The actuaria discontinued | l valuation of l but liability ex | iabilities for li ists as at M | fe policies in-forc arch 2025 has be | e and for policie en duly certified | s where premi by the Holdin | um has been g Company's |\n|  | Appointed Ac | tuary. The Hol | 31 ding Compan | y's Appointed Act | uary has also ce | rtified that, in | her opinion, |\n|  | the assumptio | ns for such va | luation are in | accordance with | the generally ac | cepted actuari | al principles |\n|  | and practices, | requirements | of the Insuran | ce Act, regulation | s notified by th | e Insurance Re | gulatory and |\n|  | Development | Authority of I | ndia (\"lRDAI\" | ) and Actuarial P | ractice Standard | s issued by th | e Institute of |\n|  | Actuaries of I | ndia in concurr | ence 1,vith the | IRDAJ and the In | stitute ofA ctua | ries of India in | concurrence |\n|  | v.1th the Auth | ority.\" |  |  |  |  |  |", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "For Batliboi & Purohit \nChartered Accountants \nFirm Registration Number: 101048W \n,4�- -1-.;A {'-.-f \n-:t1 \nJanak Mehta \n• ;, ·-\nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOT4075", "subsection": "Cash and cash equivalents acquired on amalgamation \n-\n11181.71", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "3e065a1e9570e748", "content": "[TABLE] Company: HDFC | Year: FY2025 | Section: ,· \nJanak Mehta \nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOU1788 | Page: 20\n\n| Pri | ce Waterhou | se LLP |  |  | Batlib | oi & Puro | hit |  |\n|---|---|---|---|---|---|---|---|---|\n| Cha | rtered Accoun | tants |  |  | Charte | red Accoun | tants |  |\n| NES | CO, IT Buildi | ng III, |  |  | Nation | al Insuranc | e Building, |  |\n| 81h | Floor, NESCO | IT Park, |  |  | 2nd Fl | oor, 204, D | N Road, |  |\n| Gor | egaon (East), | Mumbai - 40 | 0063 |  | Fort, | Mumbai -40 | 0001 |  |\n| 16. | The following | other matter | paragraph has b | een incl | uded in the aud | it report on | the specia | l purpose |\n|  | financial infor | mation of HD | FC ERGO Gener | al Insura | nce Company Li | mited (the 'C | ompany' a | s referred |\n|  | to in its report | ), a subsidiary | of the Bank, issu | ed by the | ir joint statutory | auditors, vi | de their re | port dated |\n|  | April 15, 2025 | : |  |  |  |  |  |  |\n|  | \"The actuarial | valuation of | liabilities is the | responsi | bility of the Co | mpany's Ap | pointed Ac | tuary (the |\n|  | \"Appointed A | ctuar.v1'). The | actuarial valuati | on of the | outstanding cla | ims reserve | s that are | estimated |\n|  | using statistic | al methods, P | remium Deficienc | y Reserv | e (the 'PDR'), Inc | urred but N | ot Reporte | d ('IBNR') |\n|  | including Incu | rred but Not | Enough Reported | ('IBNE | R') as at 31 Marc | h 2025 has b | een duly c | ertified by |\n|  | the Appointed | Actuary and | in his opinion, t | he assum | ptions for such v | aluation ar | e in accord | ance with |\n|  | the guidelines | and norms i | ssued by !RDA! a | nd the In | stitute of Actuar | ies of India | in concurr | ence with |\n|  | the Authority. | We have reli | ed upon the App | ointed A | ctuary's certifica | te in this re | gard for fo | rming our |\n|  | opinion on the | valuation of | liabilities for outs | tanding c | laims reserves th | at are estim | ated using | statistical |\n|  | methods, PD | R, IBNR (inc | luding IBNER) | reserves, | as contained i | n the speci | al purpose | financial |\n|  | information o | f the Compan | y.\" |  |  |  |  |  |\n|  | Our opinion is | not modified | in respect of the | matters | stated in paragra | ph 15 and 1 | 6 above. |  |\n| 17. | The Consolid | ated Financial | Results include t | he result | s for the quarter | ended Mar | ch 31, 2025 | being the |\n|  | balancing figu | res between | the audited figur | es in res | pect of the full f | inancial ye | ar and the | published |\n|  | unaudited yea | r to date figu | res up to the thir | d quarter | of the current f | inancial yea | r which we | re neither |\n|  | subject to lim | ited review no | r audited by us. |  |  |  |  |  |\n| 18. | The Consolid | ated Financial | Results dealt wit | h by this r | eport have been | prepared fo | r the expres | s purpose |\n|  | of filing with | National Stoc | k Exchange of In | dia Limi | ted and BSE Lim | ited. These | results are | based on |\n|  | and should be | read with the | Audited Consoli | dated Fin | ancial Statement | s of the Gro | up and the | Employee |\n|  | Welfare Trust | , for the year e | nded March 31, 2 | 025 on w | hich we have iss | ued an unm | odified aud | it opinion |\n|  | vide our repo | rt dated April | 19, 2025. |  |  |  |  |  |\n|  | Our opinion i | s not modifie | d in respect of the | matters | stated in paragr | aph 17 and 1 | 8 above. |  |\n| For | Price Waterho | use LLP |  |  | For Batliboi & P | urohit |  |  |\n| Cha | rtered Accoun | tants |  |  | Chartered Acco | untants |  |  |\n| Fir | m Registration | Number: 301 | 112E/E300264 |  | Firm Registratio | n Number: | 101048W |  |\n|  |  |  |  |  | c-4--z~--,· | ~ ~'-i |  |  |\n|  |  |  |  |  |  | ,· |  |  |\n| Sha | rad Vasant |  |  |  | Janak Mehta |  |  |  |\n| Par | tner |  |  |  | Partner |  |  |  |\n| Me | mbership Num | ber: 101119 |  |  | Membership Nu | mber: 1169 | 76 |  |\n| UD | IN: 25101119B | MIFBD3519 |  |  | UDIN: 25116976 | BMOKOU1 | 788 |  |\n| Pla | ce: Mumbai |  |  |  | Place: Mumbai |  |  |  |\n| Dat | e: April 19, 20 | 25 |  |  | Date: April 19, 2 | 025 |  |  |", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": ",· \nJanak Mehta \nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOU1788", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "263c6af49f2ccb5b", "content": "[TABLE] Company: HDFC | Year: FY2025 | Section: ,· \nJanak Mehta \nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOU1788 > Sr.No. \nName of the Entity • \n.•. \n·.·. | Page: 21\n\n| Price Waterho | use LLP |  |  | Batliboi & Pur Chartered Accou | ohit ntants |\n|---|---|---|---|---|---|\n| Chartered Accoun NESCO, IT Buildi | tants ng Ill, |  |  | National Insuran 2nd Floor, 204, | ce Building, D N Road, |\n| 8'\" Floor, NESCO Goregaon (East), | IT Park, Mumbai - 4 | 00063 |  | Fort, Mumbai -4 | 00001 |\n| AnneA11re I |  |  |  |  |  |\n| List of entities I | ncluded in | the Consolidate | d Financial Resu | lts for the qua | rter and year |\n| Mareh 31, 2025 |  |  |  |  |  |\n| Parent Compan | y |  |  |  |  |\n| HDFC Bank Limi | ted |  |  |  |  |\n| Subsidiaries |  |  |  |  |  |\n| Sr.No. ·. l 2 3 4 5 | Name of th HDFC Lifo I HDB Financi HDFC Secur HDFC Asset HDFC Ergo | e Entity nsurance Compan al Services Limite ities Limited Management Com General Insurance | y Limited d pany Limited Company Limited | .• . . | Relationship . Direct Subsidia Direct Subsidia Direct Subsidia Direct Subsidia Direct Subsidia |\n| 6 7 8 9 10 11 12 | HDFC Sales HDFC Capit HDFC Trust Griha Pte Li Griha Invest HDFC Inter Dubai) HDFC Pensi | Private Limited al Advisors Limite ee Company Llmit mited (located in S ments (located in national Life and on Management C | d ed ingapore) Mauritius) Re Company Limit ompany Limited | ed (located in | Direct Subsidia Direct Subsidia Direct Subsidia Direct Subsidia Direct Subsidia Indirect Subsid Indirect Subsid |\n| 13 14 | HDFC AMC HDFC Secur | International (IFS ities IFSC Limited | C} Limited (located (located in Gift Cit | in Gift City) y) | Indirect Subsid Indirect Subsid |\n| Others |  |  |  |  |  |\n| Sr.No. | Name of th | e Entity • | .•. | ·.·. | Relationship |", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 21, "section": ",· \nJanak Mehta \nPartner \nMembership Number: 116976 \nUDIN: 25116976BMOKOU1788", "subsection": "Sr.No. \nName of the Entity • \n.•. \n·.·.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "2d9000fb1c501e6b", "content": "[TABLE] Company: HDFC | Year: FY2025 | Section: 1!\"'11 \nNEWS RELEASE \nL: t1 HDFC BANK > HDFC Bank Limited | Page: 22\n\n| We understand your | world |  |  | Seoapati Bap Lower Parel, Mumbai • 40 | at i\\hrg, 0 013. |  |\n|---|---|---|---|---|---|---|\n|  |  |  |  | CIN: L6592 | 0MH1994 | PLC08061 |\n|  |  | HDFC Ban | k Limited |  |  |  |\n| FINANCIAL RES | ULTS (IN | DIAN GAAP) F | OR THE QUA | RTER AND | YEAR E | NDED |\n|  |  | MARCH 3 | 1, 2025 |  |  |  |\n| The Board of Direct | ors of HD | FC Bank Limited | approved the | Bank's (Indi | an GAAP | ) results |\n| for the quarter and | year en | ded March 31, | 2025, at its | meeting hel | d in Mu | mbai on |\n| Saturday, April 19, | 2025. The | accounts have | been subjecte | d to an aud | it by the | statutory |\n| auditors of the Bank | . |  |  |  |  |  |\n| CONSOLIDATED F | INANCIA | L RESULTS: |  |  |  |  |\n| The Bank's consolid | ated net r | evenue was 117 | 32.8 billion ·for | the quarter | ended M | arch 31, |\n| 2025. The consolida | ted profit | after tax for the | quarter ended | March 31, 2 | 025 was | 11 188.3 |\n| billion. The consolid | ated PAT | adjusted for tr | ading and mar | k to market | gains, p | rior year |\n| one\"off provisions | and prio | r year tax cre | dits, grew b | y approxim | ately 10 | %. The |\n| consolidated PAT f | or the yea | r ended March | 31, 2025 was | 11 707.9 billi | on. Earn | ings per |\n| share for the quarte | r ended | March 31, 2025 | was 11 24.6 a | nd 11 92.8 fo | r the ye | ar ended |\n| March 31, 2025. Bo | ok value | per share as of | March 31, 202 | 5 was 11 681 | .9. |  |\n| STANDALONE FIN | ANCIAL | RESULTS: |  |  |  |  |\n| Profit & Loss Acco | unt: Qua | rter ended Mar | ch 31, 2025 |  |  |  |\n| The Bank's net rev | enue was | 11 440.9 billion | for the quart | er ended Ma | rch 31, | 2025 as |\n| against 11 472A billi | on (which | included transa | ction gains of | 11 73.4 billio | n from st | ake sale |\n| in subsidiary HDFC | Credila Fi | nancial Service | s Ltd) for the q | uarter ended | March 3 | 1, 2024. |\n| Net interest income | (interest | earned less inter | est expended | ) for the qua | rter ende | d March |\n| 31, 2025 grew by 10 | .3% to 11 | 320.7 billion from | ~ 290.8 billio | n for the qua | rter ende | d March |\n| 31, 2024. Net intere | st margin | was at 3.54% o | n total assets, | and 3.73% | based on | interest |\n| earning assets. Excl | uding 117 | bn of interest on | income tax re | fund, core n | et interes | t margin |\n| was at 3.46% on tot | al assets, | and 3.65% bas | ed on interest | earning ass | ets. |  |\n| Other income (non\" | interest re | venue) for the | quarter ended | March 31, 2 | 025 was | 11120.3 |\n| billion. The four com | ponents | of other income | for the quarter | ended Mar | oh 31, 20 | 25 were |\n| fees & commissions | of 11 85. | 3 billion (i?' 79.9 | billion in the | correspondi | ng quart | er of the |", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 22, "section": "1!\"'11 \nNEWS RELEASE \nL: t1 HDFC BANK", "subsection": "HDFC Bank Limited", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "bbb40f51fd31bd08", "content": "[TABLE] Company: HDFC | Year: FY2025 | Section: r\n11 \nNEWS RELEASE \nL: \nWe understand your world | Page: 23\n\n| L: We understand | your w | orld |  |  |  | Senapati B Lower Pat Mumbai - | apat Ma,g, el, 400 013. |  |\n|---|---|---|---|---|---|---|---|---|\n|  |  |  |  |  |  | CIN: L65 | 920MH!994 | PLC08061 |\n| previous year), | foreign | excha | nge & deriva | tives r | evenue of | '{ 14.4 billi | on ('< 11.4 | billion in |\n| the correspond | ing qua | rter of t | he previous | year), | net tradin | g and mark | to marke | t gain of |\n| 'ii 3.9 billion (g | ain of 'i | i 75.9 | billion includ | ing tra | nsaction | gains of '< | 73.4 billi | on in the |\n| corresponding | quarter | of th | e previous | year) | and misc | ellaneous | income, | including |\n| recoveries and | dividen | d of 'ii | 16.7 billion ( | 'ii 14.4 | billion in | the corres | ponding q | uarter of |\n| the previous ye | ar). |  |  |  |  |  |  |  |\n| Operating expe | nses fo | r the qu | arter ended | March | 31, 2025 | were '1175 | .6 billion a | s against |\n| 'ii 179.7 billion | (which | includ | ed staff ex- | gratia | provision | of '1 15.0 | billion) d | uring the |\n| corresponding | quarter | of the | previous yea | r. The | cost-to-inc | ome ratio | for the qu | arter was |\n| at 39.8%. |  |  |  |  |  |  |  |  |\n| Provisions and | conting | encies | for the quar | ter end | ed March | 31, 2025 | were 'ii 31 | .9 billion |\n| as against '{ 1 | 35.1 bill | ion (w | hich included | floati | ng provisi | ons of '1 1 | 09.0 billion | ) for the |\n| quarter ended | March 3 | 1, 202 | 4. |  |  |  |  |  |\n| Profit before ta | x (PST) | for the | quarter ende | d Mar | ch 31, 202 | 5 was at 'ii | 233.4 billi | on. Profit |\n| after tax (PAT) | for the | quarter | was at '< 17 | 6.2 billi | on. PAT, | adjusted fo | r trading | and mark |\n| to market gai | ns, prio | r year | one-off pro | visions | and prio | r year tax | credits, | grew by |\n| approximately | 10% ov | er the q | uarter ende | d Marc | h 31, 202 | 4. |  |  |\n| Balance Shee | t: As of | March | 31, 2025 |  |  |  |  |  |\n| Total balance | sheet si | ze as o | f March 31, | 2025 w | as 'ii 39,1 | 02 billion a | s against | 'ii 36,176 |\n| billion as of Ma | rch 31, | 2024. |  |  |  |  |  |  |\n| The Bank's av | erage d | eposits | were 'ii 25,2 | 80 billio | n for the | March 202 | 5 quarter, | a growth |\n| of 15.8% over ' | ii 21,836 | billion | for the Marc | h 2024 | quarter, a | nd 3.1 % o | ver st' 24,5 | 28 billion |\n| for the Decem | ber 2024 | quart | er. |  |  |  |  |  |\n| The Bank's av | erage C | ASA d | eposits were | al' 8,2 | 89 billion f | or the Mar | ch 2025 q | uarter, a |\n| growth of 5.7% | over 'ii | 7,844 | billion for the | Marc | h 2024 qu | arter, and | 1.4% ove | r;: 8,176 |\n| billion for the D | ecemb | er 2024 | quarter. |  |  |  |  |  |\n| Total EOP Dep | osits w | ere at 'ii | 27,147 billio | n as o | f March 3 | 1, 2025, an | increase | of 14.1% |\n| over March 31 | , 2024. | CASA | deposits gre | w by 3 | .9% with | savings ac | count dep | osits at;!' |\n| 6,305 billion a | nd curre | nt acc | ount deposit | s at , | 3,141 bill | ion. Time | deposits w | ere at , |", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 23, "section": "r\n11 \nNEWS RELEASE \nL: \nWe understand your world", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "027fc5a4805d2950", "content": "[TABLE] Company: HDFC | Year: FY2025 | Section: NEWS RELEASE \nHDFC Bank Ltd. \nHDFC Bank House, \nSenapati Bapat I'vfarg, \nLower Parel, \nMumbai - 400 013. \nCIN: L65920MH1994PLC080618 | Page: 24\n\n| IL: We understand y | our world |  |  | Senap Lower Mumb | ati Bapat I'vfarg, Parel, ai -400 013. |\n|---|---|---|---|---|---|\n|  |  |  |  | CIN: | L65920MH1994PLC080618 |\n| 17,702 billion, an | increase of | 20.3% over the corre | sponding | quarte | r of the previous year, |\n| resulting in CAS | A deposits co | mprising 34.8% of t | otal depos | its as | of March 31, 2025. |\n| Grossing up for | transfers thro | ugh inter-bank parti | cipation c | ertifica | tes, bills rediscounted |\n| and securitisatio | n / assignme | nt, average advanc | es under | manag | ement were ~ 26,955 |\n| billion for the Ma | rch 2025 qu | arter, a growth of 7. | 3% over~ | 25,12 | 5 billion for the March |\n| 2024 quarter, an | d a growth of | 2.6% over~ 26,276 | billion for | the De | cember 2024 quarter. |\n| Gross advances | were at~ 26 | ,435 billion as of Ma | rch 31, 20 | 25, an | increase of 5.4% over |\n| March 31, 2024 | . Advances | under management | grew by | 7.7% | over March 31, 2024. |\n| Retail loans gre | w by 9.0%, | commercial and rur | al bankin | g loan | s grew by 12.8% and |\n| corporate and | other whole | sale loans were l | ower by | 3.6%. | Overseas advances |\n| constituted 1. 7% | of total adva | nces. |  |  |  |\n| Year ended Ma | rch 31, 2025 |  |  |  |  |\n| For the year end | ed March 31 | , 2025, the Bank ea | rned a tot | al inco | me of~ 3,461.5 billion |\n| as against ~ 3 | ,075.8 billion | in the correspondi | ng period | of th | e previous year. Net |\n| revenues (net i | nterest incom | e plus other income | ) for the | year e | nded March 31, 2025 |\n| were~ 1,683.0 | billion, as ag | ainst~ 1,577.7 billio | n for the | year e | nded March 31, 2024. |\n| Profit after tax fo | r the year en | ded March 31, 2025 | was~ 67 | 3.5 bill | ion, up by 10.7% over |\n| the correspondi | ng year ende | d March 31, 2024. |  |  |  |\n| Capital Adequa | cy: |  |  |  |  |\n| The Bank's total | Capital Adeq | uacy Ratio (CAR) a | s per Bas | el Ill gu | idelines was at 19.6% |\n| as on March 31, | 2025 (18.8% | as on March 31, 20 | 24) as aga | inst a | regulatory requirement |\n| of 11. 7%. Tier 1 | CAR was at | 17.7% and Common | Equity Tie | r 1 Ca | pital ratio was at 17.2% |\n| as of March 31, | 2025. Risk-w | eighted Assets were | at~ 26,6 | 00 billi | on. |\n| DIVIDEND |  |  |  |  |  |\n| The Board of Di | rectors recom | mended a dividend | of~ 22.0 | per eq | uity share of~ 1 for the |\n| year ended Mar | ch 31, 2025. | This would be subj | ect to ap | proval | by the shareholders at |\n| the next annual | general mee | ting. |  |  |  |", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 24, "section": "NEWS RELEASE \nHDFC Bank Ltd. \nHDFC Bank House, \nSenapati Bapat I'vfarg, \nLower Parel, \nMumbai - 400 013. \nCIN: L65920MH1994PLC080618", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "73c551cf598e4a57", "content": "[TABLE] Company: HDFC | Year: FY2025 | Section: 1!\"\n111 \nNEWS RELEASE \nL: 'HDFC BANK > compared to, 6.6 billion for the quarter ended March 31, 2024. Profit after tax for the | Page: 25\n\n| We understand | your wo | rld |  |  | Senapati Ba.pat ifarg Lower Parel, Mumbai -400 013. | 1 |\n|---|---|---|---|---|---|---|\n|  |  |  |  |  | C!N: L659201!H19 | 94PLC08061 |\n| NETWORK |  |  |  |  |  |  |\n| As of March 31, | 2025, t | he Bank's | distribution net | work was at | 9,455 branches | and 21,139 |\n| ATMs across 4, | 150 cit | ies/ towns | as against 8,7 | 38 branche | s and 20,938 AT | Ms across |\n| 4,065 cities/ to | wns as | of March | 31, 2024. 51% | of our bran | ches are in semi | -urban and |\n| rural areas. In a | ddition, | we have | 15,399 busine | ss correspo | ndents, which ar | e primarily |\n| manned by Com | mon Se | rvice Cen | tres (CSC). The | number of | employees were | at 2, 14,521 |\n| as of March 31, | 2025 (a | s against | 2, 13,527 as of | March 31, | 2024). |  |\n| ASSET QUALIT | Y |  |  |  |  |  |\n| Gross non-perfo | rming | assets we | re at 1.33% of | gross adva | nces as on Marc | h 31, 2025 |\n| (1.13% excludin | g NPAs | in the ag | ricultural segm | ent), as aga | inst 1.42% as on | December |\n| 31, 2024 (1.19% | exclu | ding NPAs | in the agricult | ural segme | nt), and 1:24% a | s on March |\n| 31, 2024 (1.12% | exclud | ing NPAs | in the agricultur | al segment) | . Net non-perform | ing assets |\n| were at 0.43% o | f net ad | vances a | s on March 31, | 2025. |  |  |\n| SUBSIDIARIES |  |  |  |  |  |  |\n| Amongst the Ba | nk's k | ey subsidi | aries, HDFC Li | fe Insuranc | e Company Ltd | and HDFC |\n| ERGO General I | nsuran | ce Compa | ny Ltd prepare | their financi | al results in accor | dance with |\n| Indian GAAP a | nd oth | er subsid | iaries do so in | accordan | ce with the noti | fied Indian |\n| Accounting Stan | dards | ('Ind-AS'). | The financial | numbers of | the subsidiaries | mentioned |\n| herein below ar | e in acc | ordance | with the accoun | ting standa | rds used in their | standalone |\n| reporting under | the app | licable GA | AP. |  |  |  |\n| HOB Financial | Service | s Ltd (HD | BFSL), is a non | -deposit tak | ing NBFC in whic | h the Bank |\n| holds a 94.3% st | ake. F | or the quar | ter ended Marc | h 31, 2025, | HDBFSL's net re | venue was |\n| at , 26.2 billion. | Profit | after tax f | or the quarter e | nded Marc | h 31, 2025 was , | 5.3 billion |\n| compared to, 6 | .6 billi | on for the | quarter ended | March 31, | 2024. Profit after | tax for the |\n| year ended Mar | ch 31, 2 | 025 was ' | 1 21.8 billion. T | he total loan | book was al' 1,06 | 9 billion as |\n| on March 31, 20 | 25. Sta | ge 3 loans | were at 2.26% | of gross loa | ns. Total CAR wa | s at 19.2% |\n| with Tier-I CAR | at 14.7 | %. |  |  |  |  |\n| HDFC Life Insu | rance | Compan | y Ltd (HDFC L | ife), in whi | ch the Bank hold | s a 50.3% |\n| stake, is a leadi | ng life i | nsurance | solutions provid | er. Profit af | ter tax for the qu | arter ended |\n| March 31, 2025 | was al' | 4.8 billion | compared to s! | 4.1 billion f | or the quarter en | ded March |\n| 31, 2024,a gro | wth of | 15.8%. Pr | ofit after tax for | the year en | ded March 31, 2 | 025 was I!' |\n| 18.0 billion. |  |  |  |  |  |  |", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 25, "section": "1!\"\n111 \nNEWS RELEASE \nL: 'HDFC BANK", "subsection": "compared to, 6.6 billion for the quarter ended March 31, 2024. Profit after tax for the", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "039b3eaa3d96a4dc", "content": "[TABLE] Company: HDFC | Year: FY2025 | Section: NEWS RELEASE \nHDFC Bank Ltd. \nHDFC Bank House, \nSenapati Bapat Marg, \nLower Parel, \ni\\Iumbai - 400 013. \nCIN: L65920MI-11994PLC080618 | Page: 26\n\n| r. ::: HDFC BA L: | NK | NEWS RE | LEA | SE | HDFC Bank HDFC Bank Senapati Bap | Ltd. House, at Marg, |  |\n|---|---|---|---|---|---|---|---|\n| We understand your | world |  |  |  | Lower Parel, i\\Iumbai -40 | 0 013. |  |\n|  |  |  |  |  | CIN: L6592 | 0MI-11994 | PLC080618 |\n| HDFC ERGO Gene | ral Insu | rance Compan | y Ltd | (HDFC | ERGO), in | which t | he Bank |\n| holds a 50.3% stake, | offers a | range of gener | al insura | nce pro | ducts. Prof | it after t | ax for the |\n| quarter ended March | 31, 202 | 5 was { 0.7 bill | ion, as | against | loss after ta | x of { | 1.3 billion |\n| for the quarter ended | March 3 | 1, 2024. Profit | after tax | for the | year ended | March | 31, 2025 |\n| was { 5.0 billion. |  |  |  |  |  |  |  |\n| HDFC Asset Mana | gement | Company Ltd | (HDFC | AMC), | in which t | he Bank | holds a |\n| 52.5% stake, is th | e Inves | tment Manage | r to H | DFC M | utual Fund | , and | offers a |\n| comprehensive suite | of savin | gs and investm | ent pro | ducts. F | or the quar | ter ende | d March |\n| 31, 2025, HDFC | AMC's | Quarterly Ave | rage A | ssets | Under Ma | nageme | nt were |\n| approximately { 7,74 | 0 billion. | Profit after tax | for the | quarter | ended Mar | ch 31, 2 | 025 was |\n| { 6.4 billion compare | d to { 5. | 4 billion for the | quarter | ended | March 31, 2 | 024, a | growth of |\n| 18.0%. Profit after ta | x for the | year ended Ma | rch 31, | 2025 w | as { 24.6 bi | llion. |  |\n| HDFC Securities L | td (HSL) | , in which the | Bank ho | lds a 9 | 4.5% stake | , is am | ongst the |\n| leading broking firms | . For the | quarter ended | March | 31, 2025 | , HS L's tot | al reven | ue was { |\n| 7.4 billion. Profit aft | er tax for | the quarter en | ded M | arch 31, | 2025 was | { 2.5 b | illion, as |\n| against { 3.2 billion | for the q | uarter ended M | arch 3 | 1, 2024. | Profit after | tax for | the year |\n| ended March 31, 20 | 25 was { | 11.3 billion. |  |  |  |  |  |\n| Note: |  |  |  |  |  |  |  |\n| The figures for the | period e | nded March 31 | , 2025 | include | the operati | ons of | erstwhile |\n| HDFC Ltd. which am | algamat | ed with and int | o HDFC | Bank | on July 01, | 2023 a | nd hence |\n| the comparisons wit | h the pre | vious periods h | ave to b | e looke | d at in light | of the s | ame. |\n| { = Indian Rupees |  |  |  |  |  |  |  |\n| 1 crore = 10 million |  |  |  |  |  |  |  |\n| All figures and ratios | are in a | ccordance with | Indian | GAAP u | nless other | wise spe | cified. |\n| BSE: 500180 |  |  |  |  |  |  |  |\n| NSE:HDFCBANK |  |  |  |  |  |  |  |\n| NYSE:HDB |  |  |  |  |  |  |  |", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 26, "section": "NEWS RELEASE \nHDFC Bank Ltd. \nHDFC Bank House, \nSenapati Bapat Marg, \nLower Parel, \ni\\Iumbai - 400 013. \nCIN: L65920MI-11994PLC080618", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "93fd9d55cd429d67", "content": "[TABLE] Company: HDFC | Year: FY2025 | Section: NEWS RELEASE \nHDFC Bank Ltd. \nHDFC Bank House, \nSenapati Bapat i\\farg, \nLower Parel, \nMumbai - 400 013. \nC!N: L65920MH1994PLC080618 | Page: 27\n\n| We understand your world |  |  | Senapati Ba Lower Parel Mumbai -40 | pat i\\farg, , 0 013. |  |\n|---|---|---|---|---|---|\n|  |  |  | C!N: L6592 | 0MH199 | 4PLC0806 |\n| Certain statements are included in this release which co \"wifl continue,\" \"anticipate,\" \"estimate,\" \"intend,\" \"plan, pursue\" and similar expressions or variations of these materially from those suggested by the forward-looking with respect to, but not limited to, our ability to impleme banking services, future levels of our non-performing l nvestment losses, technological changes, volatility in in outcome of any legal, tax or regulatory proceedings in I new accounting standards, our ability to pay dividends, us in India and otherj urisdictions, our ability to roll over | ntain words or phrases such a \" \"contemplate,\" \"seek to,\" ''f expressions, that are \"forw statements due to certain risk nt our strategy successfully, oans, our growth and expans vestment income, our ability ndia and in other jurisdictions the impact of changes in ba our short-term funding source estimates | s \"will,\" \"ai uture,\" \"ob arcUooking s or uncert the market ion, the ad to market we are or nking regul s and our e | m,\" \"will likely re jective,\" \"goal,\" statements.\" A ainties associat acceptance of equacy of our new products, c become a parl} ations and othe xposure to mar | sult,\" \"belie \"project,\" \" ctual result ed with our and deman allowance f ash flow pro t to, the fut r regulatory ket and oper | ve,\" \"expect,\" should,\" \"will s may differ expectations d for various or credit and jections, the ure impact of changes on ational risks. |\n| By their nature, certain of the market risk disclosures ar n the future. As a result, actual future gains, losses or i In addition, other factors that could cause actual resu contained in this document include, but are not limited to the other countries which have an impact on our busin India, the United States or elsewhere, anti-terrorist or country, tensions between India and Pakistan related t unrest in any part of India; the monetary and interest unanticipated turbulence in interest rates, foreign excha markets in India and globally, changes in Indian and f changes in competition and the pricing environment in I | e only and could b mpact on net income could ma lts to differ materially from th : general economic and politi ess activities or investments other attacks by the United o the Kashmir region or betw rate policies of the governm nge rates, equity prices or ot oreign laws and regulations, i ndia, and regional or general | e materiall terially diff ose estim cal conditio caused by States, a een India ent of India her rates or ncluding ta changes in | y different from er from those th ated by the fo, ns, instability o any factor, incl United States-le and China, mili , natural calam prices; the perf x, accounting a asset valuation | what may a at have bee ward-/ookin r uncertaint uding terror d coalition tary armam ities, inflatio ormance of nd banking s. | ctually occur n estimated. g statements y in India and ist attacks in or any other ent or social n, deflation, the financial regulations, |\n| For more information please log on to: | www.hdfcbank.com |  |  |  |  |\n| For media queries please contact: |  |  |  |  |  |\n| Madhu Chhibber |  |  |  |  |  |\n| Head - Corporate Communications |  |  |  |  |  |\n| HDFC Bank Ltd., Mumbai. |  |  |  |  |  |\n| Mobile: +91 9833775515 |  |  |  |  |  |\n| madhu.chhibber@hdfcbank.com |  |  |  |  |  |\n| For investor queries please contact: |  |  |  |  |  |\n| Investor Relations |  |  |  |  |  |\n| HDFC Bank Ltd., Mumbai. |  |  |  |  |  |\n| Tel: 91 - 22 - 6652 1054 (D) / 6652 | 1000 (B) |  |  |  |  |\n| investor.relations@hdfcbank.com |  |  |  |  |  |", "company": "HDFC", "ticker": "HDFCBANK", "source_file": "HDFC.pdf", "fiscal_year": "FY2025", "page_number": 27, "section": "NEWS RELEASE \nHDFC Bank Ltd. \nHDFC Bank House, \nSenapati Bapat i\\farg, \nLower Parel, \nMumbai - 400 013. \nC!N: L65920MH1994PLC080618", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "117592a99a0f3474", "content": "Hindustan Unilever Limited, Unilever House, B D Sawant Marg, Chakala, Andheri East, Mumbai 400 099 Tel: +91 (22) 50433000 I Web: www.hul.co.in I CIN: L 15140MH1933PLC002030 23rd October, 2025 Stock Code BSE: 500696 NSE: HINDUNILVR ISIN: INE030A01027 BSE Limited, Corporate Relationship Department, 2nd Floor, New Trading Wing, Rotunda Building, P.J. Towers, Dalal Street, Mumbai – 400 001 National Stock Exchange of India Ltd Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Bandra – Kurla Complex, Bandra (E), Mumbai – 400 051 Dear Sir / Madam, Sub: Outcome of the Board Meeting held on 23rd October, 2025 This is further to our letter dated 12th September, 2025, intimating the date of Board Meeting for consideration of Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended 30th September, 2025. Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’), we would like to inform you that the Board at its meeting held today: 1. has approved the Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended 30th September, 2025. We attach herewith a copy of the approved Unaudited Standalone and Consolidated Financial Results along with the Limited Review Reports of the Auditors. We are arranging to publish these results in the newspapers as per Regulation 47 of SEBI Listing Regulations. 2.", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 2, "section": "Introduction", "subsection": "Please take the above information on record.  \n \nThanking You. \n \nYours faithfully, \nFor Hindustan Unilever Limited \n \n \n \nRadhika Shah \n                 Company Secretary & Compliance Officer", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "89205afd50d96fdc"}, {"chunk_id": "bc5268d45ef5c4ef", "content": "Limited Review Reports of the Auditors. We are arranging to publish these results in the newspapers as per Regulation 47 of SEBI Listing Regulations. 2. declared interim dividend of Rs. 19 per equity share of face value of Re. 1/- each  for the financial year ending 31st March, 2026. The record date for the purpose of determining the entitlement of the shareholders for the interim dividend has been fixed as Friday, 7th November, 2025, and dividend will be paid to the shareholders on Thursday, 20th November, 2025. The Board Meeting commenced at 09:30 A.M. (IST) and the discussion on the above items concluded at 10:38 A.M. (IST). The Board Meeting is continuing for consideration of other agenda items. Hindustan Unilever Limited, Unilever House, B D Sawant Marg, Chakala, Andheri East, Mumbai 400 099 Tel: +91 (22) 50433000 I Web: www.hul.co.in I CIN: L 15140MH1933PLC002030 Please take the above information on record. Thanking You. Yours faithfully, For Hindustan Unilever Limited Radhika Shah Company Secretary & Compliance Officer", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 2, "section": "Introduction", "subsection": "Please take the above information on record.  \n \nThanking You. \n \nYours faithfully, \nFor Hindustan Unilever Limited \n \n \n \nRadhika Shah \n                 Company Secretary & Compliance Officer", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "89205afd50d96fdc"}, {"chunk_id": "2a25ff1123a30bb9", "content": "Digitally signed by Radhika Kartik Shah Date: 2025.10.23 10:58:27 +05'30' Membership No: A19308 Encl: as above Walker Chandiok &.Co LLP Walker Chandiok & Co LLP 16th Floor, Tower Ill, One International Center, S B Marg, Prabhadevi (W), Mumbai - 400013 Maharashtra, India T +91 22 6626 2699 F +91 22 6626 2601 Independent Auditor's Review Report on the Consolidated Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Hindustan Unilever Limited 1. We have reviewed the accompanying statement of unaudited consolidated financial results ('the Statement') of Hindustan Unilever Limited ('the Holding Company') and its subsidiaries (the Holding Company and its subsidiaries together referred to as 'the Group'), and its joint venture, (refer Annexure 1 for the list of entities included in the Statement) for the quarter ended 30 September 2025 and the consolidated year to date results for the period 01 April 2025 to 30 September 2025, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ('Listing Regulations'). 2. This Statement, which is the responsibility of the Holding Company's management and approved by the Holding", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "Radhika \nKartik Shah", "subsection": "For Walker Chandiok & Co LLP \nChartered Accountants \nFirm Registration No: 001076N/N500013 \nAasheesh \nDigitally signed by \nAasheesh Arjun Singh \nArJ'un s·1ngh Date:2025.10.23 \n10:50:17 +05'30'", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1a5ca8463a454f9d"}, {"chunk_id": "2ae12824041e2c9e", "content": "Regulations'). 2. This Statement, which is the responsibility of the Holding Company's management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34'), prescribed under Section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under Section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit.", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "Radhika \nKartik Shah", "subsection": "For Walker Chandiok & Co LLP \nChartered Accountants \nFirm Registration No: 001076N/N500013 \nAasheesh \nDigitally signed by \nAasheesh Arjun Singh \nArJ'un s·1ngh Date:2025.10.23 \n10:50:17 +05'30'", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1a5ca8463a454f9d"}, {"chunk_id": "4dba2e2d3a4aba5f", "content": "under Section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the Listing Regulations, to the extent applicable. Chartered Accountants Walker Chandiok & Co LLP is registered with limited liability with identification number AAC-2085 and has its registered office at l-41, Connaught Circus, Outer Circle, New Delhi, 110001, India Offices in Bengaluru, Chandigarh, Chennai, Gurugram, Hyderabad, Kodii, Kolkata, Mumbai, New Delhi, Noida and Puna Hindustan Unilever Limited Independent Auditor's Review Report on the Consolidated Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) 4. Based on our review conducted and procedures performed as stated in paragraph 3 above and upon consideration of the review reports of the other auditors referred to in paragraph 5 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "Radhika \nKartik Shah", "subsection": "For Walker Chandiok & Co LLP \nChartered Accountants \nFirm Registration No: 001076N/N500013 \nAasheesh \nDigitally signed by \nAasheesh Arjun Singh \nArJ'un s·1ngh Date:2025.10.23 \n10:50:17 +05'30'", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1a5ca8463a454f9d"}, {"chunk_id": "ca0b727e989fbbb2", "content": "us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under Section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 5. We did not review the interim financial information of One (1) subsidiary i.e. Unilever Nepal Limited, included in the Statement, whose financial information reflects total assets of f 534 crores as at 30 September 2025, and total revenues off 123 crores and f 254 crores, total net profit after tax off 21 crores and f 50 crores, total comprehensive income of f 21 crores and f 50 crores, for the quarter and year-to-date period ended on 30 September 2025, respectively, and net cash inflows of f 5 crores for the period 01 April 2025 to 30 September 2025, as considered in the Statement. These interim financial information have been reviewed by other auditors whose review report has been furnished to us by the management, and our conclusion in so far as it relates to the amounts and disclosures included in respect of this subsidiary is based solely on the review reports of such other auditors and the procedures performed", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "Radhika \nKartik Shah", "subsection": "For Walker Chandiok & Co LLP \nChartered Accountants \nFirm Registration No: 001076N/N500013 \nAasheesh \nDigitally signed by \nAasheesh Arjun Singh \nArJ'un s·1ngh Date:2025.10.23 \n10:50:17 +05'30'", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1a5ca8463a454f9d"}, {"chunk_id": "7fb8f3e60f5eef8e", "content": "in respect of this subsidiary is based solely on the review reports of such other auditors and the procedures performed by us as stated in paragraph 3 above. Our conclusion is not modified in respect of this matter with respect to our reliance on the work done by and the report of the other auditor. 6. The Statement includes the Group's share of net loss of f 3 crores and f 4 crores, total comprehensive loss of f 3 crores and f 4 crores for the quarter and year-to-date period ended on 30 September 2025 respectively, in respect of One (1) joint venture, i.e. Nutritionalab Private Limited, based on their interim financial information, which have not been reviewed by their auditors, and have been furnished to us by the Holding Company's management. Our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of this joint venture, is based solely on such unreviewed interim financial information. According to the information and explanations given to us by the management, this interim financial information are not material to the Group. Our conclusion is not modified in respect of this matter with respect to our reliance on the financial information certified by the Management. For Walker Chandiok & Co LLP Chartered Accountants Firm Registration No: 001076N/N500013 Aasheesh Digitally signed by Aasheesh Arjun Singh ArJ'un s·1ngh Date:2025.10.23 10:50:17 +05'30' Aasheesh Arjun Singh Partner", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "Radhika \nKartik Shah", "subsection": "For Walker Chandiok & Co LLP \nChartered Accountants \nFirm Registration No: 001076N/N500013 \nAasheesh \nDigitally signed by \nAasheesh Arjun Singh \nArJ'un s·1ngh Date:2025.10.23 \n10:50:17 +05'30'", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1a5ca8463a454f9d"}, {"chunk_id": "fe70a70cf1015fd2", "content": "For Walker Chandiok & Co LLP Chartered Accountants Firm Registration No: 001076N/N500013 Aasheesh Digitally signed by Aasheesh Arjun Singh ArJ'un s·1ngh Date:2025.10.23 10:50:17 +05'30' Aasheesh Arjun Singh Partner Membership No. 210122 UDIN: 25210122BMONCU9475 Place: Mumbai Date: 23 October 2025 Chartered Accountants Walker Chandiok & Co LLP is registered with limited liability with identification number AAC-2085 and has its regist ered office at L-41, Connaught Orcus, Outer Qrcle, New Delhi, 110001, India Offices in Bengaluru, Chandigarh, Chennai, Gurugram, Hyderabad, Kochi, Kolkata, Mumbai, New Delhi, Noida and Pune Hindustan Unilever Limited", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "Radhika \nKartik Shah", "subsection": "For Walker Chandiok & Co LLP \nChartered Accountants \nFirm Registration No: 001076N/N500013 \nAasheesh \nDigitally signed by \nAasheesh Arjun Singh \nArJ'un s·1ngh Date:2025.10.23 \n10:50:17 +05'30'", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1a5ca8463a454f9d"}, {"chunk_id": "8a1a6460300985f4", "content": "Independent Auditor's Review Report on the Consolidated Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) List of entities included in the Statement Sr. No. Entity Name 1. Hindustan Unilever Limited 2. Unilever India Exports Limited 3. Unilever India Limited 4. Lakme Lever Private Limited 5. Daverashola Estates Private Limited 6. Levers Associated Trust Limited 7. Hindlever Trust Limited 8. Hindustan Unilever Foundation 9. Zywie Ventures Private Limited 10. Zenherb Labs Private Limited 11 . Unilever Nepal Limited 12. Levindra Trust Limited 13. Kwality Wall's (India) Limited A 14. Uprising Science Private Limited* 15. Minimalist PTE. Limited* 16. Minimalist Foundation * 17. PT Minimalist Science Indonesia* 18. Minimalist Science Sdn Bhd. * 19. Minimalist Vietnam Company Limited* 20. Minimalist Science Limited* 21. Minimalist Science Trading L.L.C. * 22. Minimalist Science Inc. * 23. Minimalist Science Pty Limited * 24. Minimalist Importation and Trade of cosmetics L TDA * 25. Nutritionalab Private Limited Relationship Holding Company Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Step-down subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Step-down subsidiary Step-down subsidiary Step-down subsidiary Step-down subsidiary Step-down subsidiary Step-down subsidiary Step-down subsidiary Step-down subsidiary", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "Radhika \nKartik Shah", "subsection": "For Walker Chandiok & Co LLP \nChartered Accountants \nFirm Registration No: 001076N/N500013 \nAasheesh \nDigitally signed by \nAasheesh Arjun Singh \nArJ'un s·1ngh Date:2025.10.23 \n10:50:17 +05'30'", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aa1f55e4987a0d87"}, {"chunk_id": "9aa8a1871150d8c5", "content": "Subsidiary Subsidiary Subsidiary Subsidiary Step-down subsidiary Step-down subsidiary Step-down subsidiary Step-down subsidiary Step-down subsidiary Step-down subsidiary Step-down subsidiary Step-down subsidiary Step-down subsidiary Step-down subsidiary Joint Venture A w.e.f. 10 January 2025 * w.e.f. 21 April 2025 Chartered Accountants Walker Chandiok & Co LLP is registered with limited liability with identification number AAC-2085 and has its registered office at L-41, Connaught Orcus, Outer Qrcle, New Delhi, 110001, India Offices in Bengaluru, Chandigarh, Chennai, Gurugram, Hyderabad, Kochi, Kolkata, Mumbai, New Delhi, Noida and Pune", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "Radhika \nKartik Shah", "subsection": "For Walker Chandiok & Co LLP \nChartered Accountants \nFirm Registration No: 001076N/N500013 \nAasheesh \nDigitally signed by \nAasheesh Arjun Singh \nArJ'un s·1ngh Date:2025.10.23 \n10:50:17 +05'30'", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aa1f55e4987a0d87"}, {"chunk_id": "9d8145213bb99933", "content": "(Rs In Croresl Unaudited Results for Unaudited Results for Unaudited Results for Audited Results for the quarter ended the quarter ended Particulars six months ended the year ended 30th September 30th June 30th Se ,tember 31st March 2025 2024 2025 2025 2024 2025 CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED 30TH SEPTEMBER 2025 Revenue from operations 16,034 15,703 16,296 Sale of products 32,330 31 ,200 62,175 27 26 27 Sale of services 54 52 113 180 197 191 Other operating revenue 371 381 833 147 219 201 Other income 348 476 1,017 16,388 16,145 16,715 TOTAL INCOME 33,103 32,109 64,138 EXPENSES 5,746 5,005 5,467 Cost of materials consumed 11 ,213 9,879 19,458 2,353 2,914 2,915 Purchases of stock-in-trade 5,268 5,642 11,273 (206) (210) (141) Changes in inventories of finished goods, work-in-progress and stock-in-trade (347) (267) (153) 750 822 726 Employee benefits expense 1,476 1,478 3,077 129 110 127 Finance costs 256 203 395 358 338 361 Depreciation and amortisation expense 719 667 1,355 other expenses 1,661 1,501 1,656 Advertising and promotion 3,317 3,182 6,199 2,208 2,101 2,173 others 4,381 4,182 8,416 12,999 12,581 13,284 TOTAL EXPENSES 26,283 24,966 50,020 3,389 3,564 3,431 Profit before exceptional items and tax and before share of equity.accounted investee 6,820 7,143 14,118 (3) (6) (1) Share of loss of equity-accounted investee, net of tax (4) (8) (8) 3,386 3,558 3,430 Profit before exceptional items and tax 6,816 7,135 14,110 184 (16) (127) Exceptional items (net credit I (charge)] 57 (64) 305 3,570 3,542 3,303 Profit before tax 6,873 7,071 14,415 Tax expenses (884) (940) (494) Current tax (1,378) (1,793) (3,620) 8 (7) (41)", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "~ \nU~e,.r Llm.uul", "subsection": "For Walker Chandiok & Co LLP \nChartered Accountants \nFirm Registration No: 001076N/N500013 \nAasheesh \nDigitally signed by \nAasheesh Arjun Singh \nArJ'un s·1ngh Date:2025.10.23 \n10:50:17 +05'30'", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "61f1c8a2a6610dd0"}, {"chunk_id": "264fb84b84c8e83c", "content": "6,816 7,135 14,110 184 (16) (127) Exceptional items (net credit I (charge)] 57 (64) 305 3,570 3,542 3,303 Profit before tax 6,873 7,071 14,415 Tax expenses (884) (940) (494) Current tax (1,378) (1,793) (3,620) 8 (7) (41) Deferred tax credit I (charge) (33) (71) (124) 2,694 2,595 2,768 PROFIT FOR THE PERIOD I YEAR (A) 5,462 5,207 10,671 OTHER COMPREHENSIVE INCOME Items that will not be reclassified to profit or loss Remeasl.rements of the net defined benefit plans (22) Tax on above 5 Items that will be reclassifted to profit or loss 1 1 Fair value of debt instruments through other comprehensive income 1 (0) (0) (0) 0 Tax on above (0) 0 0 3 (7) (22) Fair value of cash flow hedges through other comprehensive income (19) (8) (2) (0) 2 (0) Tax on above (0) 2 0 0 0 Exchange differences on translation of financial statements of foreign operations 0 Tax on above 4 (4) (22) OTHER COMPREHENSIVE INCOME FOR THE PERIOD I YEAR (B) (18) (6) (19) 2,698 2,591 2,746 TOTAL COMPREHENSIVE INCOME FOR THE PERIOD/ YEAR (A+B) 5,444 5,201 10,652 Net Profit attributable to 2,685 2,591 2,756 a) Ovvners of the Holding Company 5,441 5,201 10,649 9 4 12 b) Non-controlling interest 21 6 22 Other comprehensive income attributable to 4 (4) (22) a) Owners of the Holding Company (18) (6) (19) (0) 0 b) Non-controlling interest 0 0 Total comprehensive income attributable to 2,689 2,587 2,734 a) Ovvners of the Holding Company 5,423 5,195 10,630 9 4 12 b) Non-controlling interest 21 6 22 235 235 235", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "~ \nU~e,.r Llm.uul", "subsection": "For Walker Chandiok & Co LLP \nChartered Accountants \nFirm Registration No: 001076N/N500013 \nAasheesh \nDigitally signed by \nAasheesh Arjun Singh \nArJ'un s·1ngh Date:2025.10.23 \n10:50:17 +05'30'", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "61f1c8a2a6610dd0"}, {"chunk_id": "95982819b5ad5aa2", "content": "(19) (0) 0 b) Non-controlling interest 0 0 Total comprehensive income attributable to 2,689 2,587 2,734 a) Ovvners of the Holding Company 5,423 5,195 10,630 9 4 12 b) Non-controlling interest 21 6 22 235 235 235 Paid up Equity Share Capital (Face value of Re. 1 per share) 235 235 235 Other Equity 49,167 Eamings per equity share (Face value of Re. 1 each) 11.43 11.03 11.73 Basic Qn Rs.) 23.16 22.14 45.32 11.43 11.03 11.73 Dluted (il Rs.) 23.16 22.14 45.32 CONSOLIDATED SEGMENT WISE REVENUE RESULTS ASSETS AND LIABILITIES (Rs In Crores) Unaudited Results for Unaudited Results for Unaudited Results for Audited Results for the quarter ended the quarter ended Particulars six months ended the year ended 30th SeDtember 30th June 30th Seotember 31st March 2025 2024 2025 2025 2024 2025 Segment Revenue (Sales and Other operating revenue) 5,664 5,731 5,777 - Home Care 11 ,441 11,404 22,958 3,732 3,421 3,631 - Beauty & Wellbeing 7,363 6,702 13,523 2,425 2,411 2,540 - Personal Care 4,965 4,797 9,166 3,869 3,803 4,016 - Foods 7,885 7,653 15,294 551 560 550 - Others (includes EXJ>orts) 1101 1 077 2180 16241 15 926 16514 Total Seament Revenue 32 755 31 633 63121 Segment Results 1,083 1,114 1,129 - Home Care 2,212 2,250 4,429 1,061 1,123 999 - Beauty & Wellbeing 2,060 2,124 4,188 492 407 475 - Personal Care 967 832 1,631 629 690 652 - Foods 1,281 1,426 2,808 106 121 102 - Others (includes EXJ>orts) 208 238 440 3,371 3,455 3,357 Total Segment Results 6,728 6,870 13,496 (3) (6) (1) Less: Share of loss of equity-accounted investee, net of tax (4) (8) (8) Unallocable items: 147 219 201 Other Income 348 476 1,017 (129) (110) (127) Finance Costs (256) (203) (395) 164 (16)", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "~ \nU~e,.r Llm.uul", "subsection": "For Walker Chandiok & Co LLP \nChartered Accountants \nFirm Registration No: 001076N/N500013 \nAasheesh \nDigitally signed by \nAasheesh Arjun Singh \nArJ'un s·1ngh Date:2025.10.23 \n10:50:17 +05'30'", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "61f1c8a2a6610dd0"}, {"chunk_id": "5e0c049a996aaa5c", "content": "6,728 6,870 13,496 (3) (6) (1) Less: Share of loss of equity-accounted investee, net of tax (4) (8) (8) Unallocable items: 147 219 201 Other Income 348 476 1,017 (129) (110) (127) Finance Costs (256) (203) (395) 164 (16) (127) Exceptional items lnet credit/ (charQe)l 57 (64) 305 3 570 3542 3 303 Profit Before Tax 6 873 7071 14415 Segment Assets 6,117 5,543 5,746 - Home Care 6,117 5,543 5,573 8,423 4,486 8,150 - Beauty & Wellbeing 8,423 4,486 4,391 3,641 3,853 3,870 - Personal Care 3,641 3,853 3,692 51,706 50,939 51,320 - Foods 51,706 50,939 51,571 1,174 1,086 1,208 - Others (includes Exports) 1,174 1,086 1,122 10773 14 858 14 800 - Unallocable coroorate assets 10 773 14 858 13 531 82 034 80765 85094 Total Assets 82034 80 765 79 880 Segment Liabilities 5,124 4,955 5,232 - Home Care 5,124 4,955 5,257 4,813 4,155 4,588 - Beauty & Wellbeing 4,813 4,155 4,252 2,739 2,960 2,926 - Personal Care 2,739 2,960 2,691 3,834 3,806 3,772 - Foods 3,834 3,806 3,730 552 488 623 - Others (includes Exports) 552 488 473 15 810 13414 21489 - Unallocable coroorate liabilities 15 810 13414 13 868 32 872 29778 38630 Total Liabilities 32 872 29 778 30 271 Segment Revenue, Results, Assets and Liabilities represent amounts identifiable to each of the segments. Other Income mainly includes interest income and income from current investments (net). Segment Assets and Segment Liabilities are as at 30th September 2025, 30th June 2025, 31st March 2025 and 30th September 2024. Unallocable corporate assets less Unallocable corporate liabilities mainly represent investment of surplus funds, cash and bank balances and tax assets and liabilities.", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "~ \nU~e,.r Llm.uul", "subsection": "For Walker Chandiok & Co LLP \nChartered Accountants \nFirm Registration No: 001076N/N500013 \nAasheesh \nDigitally signed by \nAasheesh Arjun Singh \nArJ'un s·1ngh Date:2025.10.23 \n10:50:17 +05'30'", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "61f1c8a2a6610dd0"}, {"chunk_id": "10311345a4ff798d", "content": "Unallocable corporate assets less Unallocable corporate liabilities mainly represent investment of surplus funds, cash and bank balances and tax assets and liabilities. Registered Office : Unilever House, B.D. Sawant Marg, Chakala, Andheri East, Mumbai 400 099. CIN : L15140MH1933PLC002030, Tel : +91 (22) 5043 3000. Email: levercare.shareholder@unilever.com CONSOLIDATED BALANCE SHEET AS AT 30TH SEPTEMBER. 2025 Unaudited Audited Statement of Assets and Liabilities Asal Asal 30th September, 2025 31st March, 2025 1 Non-<:urrent assets Property, plant and equipment 8,881 8,625 Capital work-in-progress 1,022 1,009 Goodwill 18,098 17,466 Other intangible assets 31,147 28,244 Investments accounted for using the equity method 53 57 Financial assets - Investments 101 2 - Loans 97 87 - Other financial assets 1,042 763 Deferred tax assets 19 17 Non-current tax assets (net) 1,131 1,199 Other non-current assets 346 360 Total - Non-current assets 61,937 57,829", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "~ \nU~e,.r Llm.uul", "subsection": "For Walker Chandiok & Co LLP \nChartered Accountants \nFirm Registration No: 001076N/N500013 \nAasheesh \nDigitally signed by \nAasheesh Arjun Singh \nArJ'un s·1ngh Date:2025.10.23 \n10:50:17 +05'30'", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "61f1c8a2a6610dd0"}, {"chunk_id": "b6d8eb954724431e", "content": "2 Current assets Inventories 4,488 4,415 Financial assets - Investments 3,804 3,751 - Trade receivables 4,440 3,819 - Cash and cash equivalents 2,341 6,071 - Bank balances other than cash and cash equivalents mentioned above 2,101 1,483 - Loans 48 46 - Other financial assets 1,723 1,488 Current tax assets (net) 4 - Other current assets 1,127 955 20,076 22,028 Assets held for sale 21 23 Total - Current assets 20,097 22,051 TOTAL -ASSETS 82,034 79,880 B EQUITY AND LIABILITIES 1 EQUITY Equity share capital 235 235 Other equity 48,481 49,167 Non-controlling interests 446 207 Total - Equity 49,162 49,609 Non-<:urrent llabllltles Financial liabilities - Lease liabilities 1,363 1,243 - Other financial liabilities 1,129 680 Provisions 1,406 1,528 Deferred tax liabilities 7,440 6,685 Non-current tax liabilrties (net) 3,106 3,598 Total - Non-<:urrent liabilities 14,444 13,734 Current liabilities Financial liabilities - Borrowings 14 1 - Lease liabilities 398 404 - Trade payables total outstanding dues of micro enterprises and small enterprises 472 263 total outstanding dues of creditors other than micro enterprises and small enterprises 11 ,709 11 ,052 - Other financial liabilities 1,378 1,280 Other current liabilities 681 959 Provisions 907 675 Current tax liabilities (net) 2,869 1,903 Total - Current llabllltles 18,428 16,537 TOTAL - EQUITY AND LIABILITIES 82,034 79,880 UNAUDITED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED 30TH SEPTEMBER, 2025 A CASH FLOWS FROM OPERATING ACTIVITIES: Six Months ended Six Months ended 30th September, 2025 30th September, 2024", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "~ \nU~e,.r Llm.uul", "subsection": "Walker Chandiok &.Co LLP", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a5afbfab8cf343a6"}, {"chunk_id": "651f2e8d83158d0c", "content": "UNAUDITED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED 30TH SEPTEMBER, 2025 A CASH FLOWS FROM OPERATING ACTIVITIES: Six Months ended Six Months ended 30th September, 2025 30th September, 2024 Profit before tax 6,873 7,071 Depreciation and amortisation expenses 727 667 Loss on sale of property, plant and equipment 19 2 Interest income (218) (339) Other non operating income - Fair value gain on investments (110) (138) Payment from Retirement Benefit Scheme Reserve (0) - Share of loss of joint venture 4 8 Interest expense 256 203 Equity settled share based payment 15 - Reversal of indemnification asset on expiry of underlying income tax provision 34 - Inventory written off (net) 139 103 Bad debts/ assets (write back) / written off net of provision (5) 40 Cash Generated from operations before working capital changes 7,719 7,624 Mark-to-market (gain)/ loss on derivative financial instruments (15) 7 (Increase)/ decrease in Non-Current assets 9 43 (Increase)/ decrease in Current Assets (935) (1 ,260) (Increase)/ decrease in Inventories (97) (364) Increase/ (decrease) in Non-Current Liabilities (164) (19) Increase/ (decrease) in Current Liabilities 573 1,030 Cash flows generated from operations 7,105 7,054 Taxes paid (net of refunds) (838) (397) Net cash flows generated from operating activities - [A] 6,267 6,657 B CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of property, plant and equipment (617) (520) Purchase of intangible assets (42) (7)", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "~ \nU~e,.r Llm.uul", "subsection": "Walker Chandiok &.Co LLP", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a5afbfab8cf343a6"}, {"chunk_id": "280660fd881eebf1", "content": "(838) (397) Net cash flows generated from operating activities - [A] 6,267 6,657 B CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of property, plant and equipment (617) (520) Purchase of intangible assets (42) (7) Purchase consideration towards business combination (2,661) - Purchase of non-current investments (100) - Purchase of current investments (9,522) (12,171) Sale proceeds of property, plant and equipment 10 7 Loans given to others (net of repayment) - 0 Investment in term deposits (having original maturity of more than 3 months) (1 ,998) (1 ,641) Proceeds from redemption/ maturity of term deposits (having original maturity of more than 3 months) 1,090 5,075 Redemption proceeds of current investments 9,579 12,577 Net cash flows generated (used in) / from investing activities - [Bl (4,031) 3,774 Interest received 230 454 C CASH FLOWS FROM FINANCING ACTIVITIES: Dividends paid (5,639) (5,639) Proceeds from current borrowings - 1 Repayment of current borrowings (46) - Principal payment of lease liabilities (237) (239) Interest paid on lease liabilities (68) (64) Net cash flows used in financing activities - [CJ (5,992) (5,943) Interest paid on borrowings (2) (2) Net Increase in cash and cash equivalents - [A+B+C] (3,756) 4,488 Add: Cash acquired under Business Combination 13 - Cash and cash equivalents at the end of the period 2,327 5,300 Add: Cash and cash equivalents at the beginning of the period 6,070 812 Components of cash and cash equivalents: Less: Bank overdraft (14) (13)", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "~ \nU~e,.r Llm.uul", "subsection": "Walker Chandiok &.Co LLP", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a5afbfab8cf343a6"}, {"chunk_id": "3c247271b578c4b7", "content": "13 - Cash and cash equivalents at the end of the period 2,327 5,300 Add: Cash and cash equivalents at the beginning of the period 6,070 812 Components of cash and cash equivalents: Less: Bank overdraft (14) (13) Cash and cash equivalents as per Consolidated Balance Sheet 2,341 5,313 Cash and cash equivalents for Consolidated Statement of Cash Flows 2,327 5,300 Note: The above Consolidated Statement of Cash Flows has been prepared under the 'Indirect Method' as set out in Ind AS 7, 'Statement of Cash Flows'. 1. Total sales at Rs. 16,061 crores grew by 2% during the quarter. 2. Earnings before interest, tax, depreciation and amortization (EBITDA] for the quarter was Rs. 3,729 crores (SQ 24: Rs. 3,793 crores]. EBITDA margin at 23.2% declined by 90 bps vs SQ 24. 3. Profit after tax before exceptional items for the quarter at Rs. 2,482 crores (SQ 24: Rs. 2,594 crores] declined by 4%. 4. Exceptional items in SQ 25 include one-off positive impact pursuant to resolution of prior years· tax matters between UK and Indian tax authorities of Rs. 273 crores (SQ 24: Nill. restructuring expenses of Rs. 51 crores (SQ 24: Rs. 16 crores] and acquisition and disposal related costs of Rs. 38 crores (SQ 24: Nill. 5. Profit After Tax for the quarter at Rs. 2,694 crores (SQ 24: Rs. 2,595 crores] grew by 4%. 6. The shareholders of Hindustan Unilever Limited ('HUL'], at their meeting convened by the Honourable National Company Law", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "~ \nU~e,.r Llm.uul", "subsection": "Walker Chandiok &.Co LLP", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a5afbfab8cf343a6"}, {"chunk_id": "98cc7d8b08002424", "content": "2,694 crores (SQ 24: Rs. 2,595 crores] grew by 4%. 6. The shareholders of Hindustan Unilever Limited ('HUL'], at their meeting convened by the Honourable National Company Law Tribunal (\"NCL T'] on 12th August 2025, approved the Scheme of Arrangement between HUL, Kwality Wall's (India] Limited (\"KWIL'] and their respective shareholders to demerge HUL's ice cream business into KWIL. The scheme is subject to necessary statutory and regulatory approvals, including from the Honourable NCL T under Sections 230 and 232 of the Companies Act, 2013. This has no impact on the financial results for the period ended and as at 30th September 2025. 7. The Board of Directors declared an interim dividend of Rs. 19/- per equity share of face value of Re.1/- each for the financial year ending 31st March 2026. The record date for the purpose of determining the entitlement for payment of interim dividend is fixed as 7th November 2025. 8. The above results have been reviewed by the Audit Committee at its meeting held on 23rd October 2025 and approved by the Board of Directors at their meeting held on 23rd October 2025. 9. The statutory auditors have issued an unmodified report on the above results. 10. The text of the above statement was approved by the Board of Directors at their meeting held on 23rd October 2025.", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "~ \nU~e,.r Llm.uul", "subsection": "Walker Chandiok &.Co LLP", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a5afbfab8cf343a6"}, {"chunk_id": "1c7e2e92c0d179c4", "content": "9. The statutory auditors have issued an unmodified report on the above results. 10. The text of the above statement was approved by the Board of Directors at their meeting held on 23rd October 2025. For more details on Results, visit Investor Relations section of our website at http://www.hul.co.in and Financial Results under Corporates section of www.nseindia.com and www.bseindia.com. By order of the Board of Directors P . Digitally signed by nya Priya Sukumar Nair Sukumar Nair Date: 2025.10.23 10:39:44 +05'30' Place: Mumbai Date: 23rd October 2025 Priya Nair Managing Director and Chief Executive Officer [DIN: 07119070] Walker Chandiok &.Co LLP Walker Chandiok & Co LLP 16th Floor, Tower Ill, One International Center, S B Marg, Prabhadevi (W), Mumbai - 400013 Maharashtra, India T +91 22 6626 2699 F +91 22 6626 2601", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "~ \nU~e,.r Llm.uul", "subsection": "Walker Chandiok &.Co LLP", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a5afbfab8cf343a6"}, {"chunk_id": "6f5dbb3180f84f2b", "content": "Independent Auditor's Review Report on the Standalone Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Hindustan Unilever Limited 1. We have reviewed the accompanying statement of standalone unaudited financial results ('the Statement') of Hindustan Unilever Limited ('the Company') for the quarter ended 30 September 2025 and the year to date results for the period 01 April 2025 to 30 September 2025, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ('Listing Regulations'). 2. The Statement, which is the responsibility of the Company's management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34'), prescribed under Section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3.", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "~ \nU~e,.r Llm.uul", "subsection": "For Walker Chandiok & Co LLP \nChartered Accountants \nFirm Registration No: 001076N/N500013 \nAasheesh \nDigitally signed by \nAasheesh Arjun Singh \nArJ·un s1·ngh Date:2025.10.23 \n10:48:51 t-05'30' \nAasheesh Arjun Singh \nPartner \nMembership No. 210122", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "123d71c445ef7329"}, {"chunk_id": "8ba053ea9d4b60c3", "content": "presentation and disclosure requirements of Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under Section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Chartered Accountants Walker Chandiok & Co LLP is registered with limited liability with identification number AAC-2085 and has its registered office at l-41, Connaught Circus, Outer Circle, New Delhi, 110001, India Offices in Bengaluru, Chandigarh, Chennai, Gurugram, Hyderabad, Kodii, Kolkata, Mumbai, New Delhi, Noida and Puna Hindustan Unilever Limited Independent Auditor's Review Report on the Standalone Unaudited Quarterly Financial Results and Year", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "~ \nU~e,.r Llm.uul", "subsection": "For Walker Chandiok & Co LLP \nChartered Accountants \nFirm Registration No: 001076N/N500013 \nAasheesh \nDigitally signed by \nAasheesh Arjun Singh \nArJ·un s1·ngh Date:2025.10.23 \n10:48:51 t-05'30' \nAasheesh Arjun Singh \nPartner \nMembership No. 210122", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "123d71c445ef7329"}, {"chunk_id": "c55d40cbfe49ebea", "content": "Hindustan Unilever Limited Independent Auditor's Review Report on the Standalone Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under Section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For Walker Chandiok & Co LLP Chartered Accountants Firm Registration No: 001076N/N500013 Aasheesh Digitally signed by Aasheesh Arjun Singh ArJ·un s1·ngh Date:2025.10.23 10:48:51 t-05'30' Aasheesh Arjun Singh Partner Membership No. 210122 UDIN: 25210122BMONCV8743 Place: Mumbai Date: 23 October 2025 Chartered Accountants Walker Chandiok & Co LLP is registered with limited liability with identification number AAC-2085 and has its regist ered office at L-41, Connaught Orcus, Outer Qrcle, New Delhi, 110001, India", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "~ \nU~e,.r Llm.uul", "subsection": "For Walker Chandiok & Co LLP \nChartered Accountants \nFirm Registration No: 001076N/N500013 \nAasheesh \nDigitally signed by \nAasheesh Arjun Singh \nArJ·un s1·ngh Date:2025.10.23 \n10:48:51 t-05'30' \nAasheesh Arjun Singh \nPartner \nMembership No. 210122", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "123d71c445ef7329"}, {"chunk_id": "9bec549dbe93f43c", "content": "Chartered Accountants Walker Chandiok & Co LLP is registered with limited liability with identification number AAC-2085 and has its regist ered office at L-41, Connaught Orcus, Outer Qrcle, New Delhi, 110001, India Offices in Bengaluru, Chandigarh, Chennai, Gurugram, Hyderabad, Kochi, Kolkata, Mumbai, New Delhi, Noida and Pune", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "~ \nU~e,.r Llm.uul", "subsection": "For Walker Chandiok & Co LLP \nChartered Accountants \nFirm Registration No: 001076N/N500013 \nAasheesh \nDigitally signed by \nAasheesh Arjun Singh \nArJ·un s1·ngh Date:2025.10.23 \n10:48:51 t-05'30' \nAasheesh Arjun Singh \nPartner \nMembership No. 210122", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "123d71c445ef7329"}, {"chunk_id": "49398d3843b0b164", "content": "STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED 30TH SEPTEMBER, 2025 Unaudited Results for Unaudited Results for the quarter ended 30th June 2025 2024 2025 2025 2024 2025 Revenue from operations 15,418 15,319 15,747 Sale of products 31,165 30,485 60,680 167 189 184 Other operating revenue 351 362 789 228 309 247 Other income 475 566 1,177 15,813 15,817 16,178 TOTAL INCOME 31,991 31,413 62,646 EXPENSES 5,211 4,598 4,962 Cost of materials consumed 10,173 9,076 17,698 2,710 3,195 3,281 Purchases of stock-in-trade 5,991 6,213 12,584 (188) (200) (154) (342) (248) (106) 677 765 657 Employee benefits expense 1,334 1,367 2,840 111 99 110 Finance costs 221 184 364 324 305 324 Depreciation and amortisation expense 648 603 1,224 Other expenses 1,527 1,464 1,556 Advertising and promotion 3,083 3,108 6,028 2,085 2,039 2,071 Others 4,156 4,078 8,136 12,457 12,265 12,807 TOTAL EXPENSES 25,264 24,381 48,768 the year ended 31st March the quarter ended Particulars six months ended 30th September Unaudited Results for Audited Results for Changes in inventories of finished goods, work-in-progress and stock-in-trade 3,356 3,552 3,371 6,727 7,032 13,878 184 (16) (127) Exceptional items [net credit/ (charge)] 57 (64) 422 3,540 3,536 3,244 Profit before tax 6,784 6,968 14,300 Tax expenses (857) (912) (472) Current tax (1,329) (1,740) (3,525) 7 (12) (40) Deferred tax credit / (charge) (33) (78) (131) 2,690 2,612 2,732 PROFIT FOR THE PERIOD / YEAR (A) 5,422 5,150 10,644 Profit before exceptional items and tax OTHER COMPREHENSIVE INCOME Items that will not be reclassified to profit or loss - - - Remeasurements of the net defined benefit plans - - (22) - - -", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "~ \nU....Rwev- ~", "subsection": "For Walker Chandiok & Co LLP \nChartered Accountants \nFirm Registration No: 001076N/N500013 \nAasheesh \nDigitally signed by \nAasheesh Arjun Singh \nArJ·un s1·ngh Date:2025.10.23 \n10:48:51 t-05'30' \nAasheesh Arjun Singh \nPartner \nMembership No. 210122", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4ad54a01ee72c51d"}, {"chunk_id": "dfa78f29f3e9661b", "content": "5,150 10,644 Profit before exceptional items and tax OTHER COMPREHENSIVE INCOME Items that will not be reclassified to profit or loss - - - Remeasurements of the net defined benefit plans - - (22) - - - Tax on above - - 5 Items that will be reclassified to profit or loss 1 1 - Fair value of debt instruments through other comprehensive income 1 (0) (0) (0) 0 - Tax on above (0) 0 0 3 (7) (22) Fair value of cash flow hedges through other comprehensive income (19) (8) (2) (0) 2 (0) Tax on above (0) 2 0 2,694 2,608 2,710 TOTAL COMPREHENSIVE INCOME FOR THE PERIOD / YEAR (A+B) 5,404 5,144 10,625 4 (4) (22) OTHER COMPREHENSIVE INCOME FOR THE PERIOD / YEAR (B) (18) (6) (19) 235 235 235 Paid up Equity Share Capital (Face value Re. 1 per share) 235 235 235 Other Equity 48,918 Earnings per equity share (Face value of Re. 1 each) 11.45 11.12 11.63 Basic (in Rs.) 23.08 21.92 45.30 11.45 11.12 11.63 Diluted (in Rs.) 23.08 21.92 45.30", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "~ \nU....Rwev- ~", "subsection": "For Walker Chandiok & Co LLP \nChartered Accountants \nFirm Registration No: 001076N/N500013 \nAasheesh \nDigitally signed by \nAasheesh Arjun Singh \nArJ·un s1·ngh Date:2025.10.23 \n10:48:51 t-05'30' \nAasheesh Arjun Singh \nPartner \nMembership No. 210122", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4ad54a01ee72c51d"}, {"chunk_id": "b7d966bdd4c6cf0c", "content": "(Rs in Crores) Unaudited Results for Audited Results for the quarter ended the year ended 30th June 31st March 2025 2024 2025 2025 2024 2025 STANDALONE SEGMENT WISE REVENUE, RESULTS, ASSETS AND LIABILITIES Unaudited Results for the Unaudited Results for quarter ended six months ended 30th September 30th September Segment Revenue (Sales and Other operating revenue) 5,667 5,737 5,783 - Home Care 11,450 11,412 22,972 3,389 3,323 3,349 - Beauty & Wellbeing 6,738 6,522 13,073 2,426 2,412 2,541 - Personal Care 4,967 4,798 9,168 3,869 3,803 4,016 - Foods 7,885 7,653 15,294 234 233 242 - Others (includes Exports) 476 462 962 15,585 15,508 15,931 Total Segment Revenue 31,516 30,847 61,469 1,050 1,087 1,093 - Home Care 2,143 2,196 4,306 1,031 1,121 977 - Beauty & Wellbeing 2,008 2,127 4,176 487 401 470 - Personal Care 957 819 1,606 629 690 652 - Foods 1,281 1,426 2,808 42 43 42 - Others (includes Exports) 84 82 169 3,239 3,342 3,234 Total Segment Results 6,473 6,650 13,065 Unallocable items: 228 309 247 Other Income 475 566 1,177 (111) (99) (110) Finance Costs (221) (184) (364) 184 (16) (127) Exceptional items [net credit / (charge)] 57 (64) 422 3,540 3,536 3,244 Profit Before Tax 6,784 6,968 14,300 Segment Assets 5,668 5,104 5,279 - Home Care 5,668 5,104 5,112 4,074 3,906 3,834 - Beauty & Wellbeing 4,074 3,906 3,771 3,476 3,478 3,510 - Personal Care 3,476 3,478 3,316 51,705 50,939 51,320 - Foods 51,705 50,939 51,571 418 271 462 - Others (includes Exports) 418 271 307 14,135 15,590 18,102 - Unallocable corporate assets 14,135 15,590 14,236 79,476 79,288 82,507 Total Assets 79,476 79,288 78,313 Segment Liabilities 5,023 4,860 5,138 - Home Care 5,023 4,860 5,176 4,504 4,008 4,306 - Beauty & Wellbeing 4,504 4,008 4,069 2,727 2,965 2,907 - Personal Care 2,727 2,965 2,666 3,834", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "~ \nU.....Rww ~", "subsection": "For Walker Chandiok & Co LLP \nChartered Accountants \nFirm Registration No: 001076N/N500013 \nAasheesh \nDigitally signed by \nAasheesh Arjun Singh \nArJ·un s1·ngh Date:2025.10.23 \n10:48:51 t-05'30' \nAasheesh Arjun Singh \nPartner \nMembership No. 210122", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "dde93593c9a259e3"}, {"chunk_id": "5ac8ada6c68465cd", "content": "14,135 15,590 14,236 79,476 79,288 82,507 Total Assets 79,476 79,288 78,313 Segment Liabilities 5,023 4,860 5,138 - Home Care 5,023 4,860 5,176 4,504 4,008 4,306 - Beauty & Wellbeing 4,504 4,008 4,069 2,727 2,965 2,907 - Personal Care 2,727 2,965 2,666 3,834 3,806 3,772 - Foods 3,834 3,806 3,730 208 163 256 - Others (includes Exports) 208 163 168 14,230 13,007 19,873 - Unallocable corporate liabilities 14,230 13,007 13,351 30,526 28,809 36,252 Total Liabilities 30,526 28,809 29,160 Segment Assets and Segment Liabilities are as at 30th September 2025, 30th June 2025, 31st March 2025 and 30th September 2024. Unallocable corporate assets less Unallocable corporate liabilities mainly represent investment of surplus funds, cash and bank balances and tax assets and liabilities. Segment Revenue, Results, Assets and Liabilities represent amounts identifiable to each of the segments. Other Income mainly includes interest income, dividend income and income from current investments (net). Registered Office : Unilever House, B.D. Sawant Marg, Chakala, Andheri East, Mumbai 400 099. CIN: L15140MH1933PLC002030. Tel : +91 (22) 5043 3000. Email: levercare.shareholder@unilever.com STANDALONE BALANCE SHEET AS AT 30TH SEPTEMBER, 2025 (Rs in Crores) Unaudited Audited As at 30th September, 2025 Statement of Assets and Liabilities As at 31st March, 2025 Property, plant and equipment 7,922 7,710 Capital work-in-progress 958 956 Goodwill 17,317 17,316 Other intangible assets 27,910 27,881 Financial assets - Investments in subsidiaries and joint venture 3,890 986 - Investments 101 2 - Loans 304 332", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "~ \nU.....Rww ~", "subsection": "For Walker Chandiok & Co LLP \nChartered Accountants \nFirm Registration No: 001076N/N500013 \nAasheesh \nDigitally signed by \nAasheesh Arjun Singh \nArJ·un s1·ngh Date:2025.10.23 \n10:48:51 t-05'30' \nAasheesh Arjun Singh \nPartner \nMembership No. 210122", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "dde93593c9a259e3"}, {"chunk_id": "3ce309b5c6dcbf20", "content": "7,922 7,710 Capital work-in-progress 958 956 Goodwill 17,317 17,316 Other intangible assets 27,910 27,881 Financial assets - Investments in subsidiaries and joint venture 3,890 986 - Investments 101 2 - Loans 304 332 - Other financial assets 980 744 Non-current tax assets (net) 1,068 1,144 Other non-current assets 335 343 Total - Non-current assets 60,785 57,414 Inventories 4,138 4,161 Financial assets - Investments 3,694 3,614 - Trade receivables 4,111 3,450 - Cash and cash equivalents 2,126 5,947 - Bank balances other than cash and cash equivalents mentioned above 1,882 1,346 - Loans 47 45 - Other financial assets 1,683 1,469 Other current assets 989 844 18,670 20,876 Assets held for sale 21 23 Total - Current assets 18,691 20,899 TOTAL - ASSETS 79,476 78,313 EQUITY AND LIABILITIES Equity share capital 235 235 Other equity 48,715 48,918 Total - Equity 48,950 49,153 Non-current liabilities Financial liabilities - Lease liabilities 1,260 1,157 - Other financial liabilities 760 647 Provisions 1,385 1,509 Deferred tax liabilities (net) 6,616 6,583 Non-current tax liabilities (net) 3,100 3,592 Total - Non-current liabilities 13,121 13,488 Current liabilities Financial liabilities - Lease liabilities 363 380 - Trade payables total outstanding dues of micro enterprises and small enterprises 411 231 total outstanding dues of creditors other than micro enterprises and small enterprises - Other financial liabilities 882 825 Other current liabilities 631 921 Provisions 895 661 Current tax liabilities (net) 2,853 1,887 Total - Current liabilities 17,405 15,672 TOTAL - EQUITY AND LIABILITIES 79,476 78,313", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "~ \nU.....Rww ~", "subsection": "For Walker Chandiok & Co LLP \nChartered Accountants \nFirm Registration No: 001076N/N500013 \nAasheesh \nDigitally signed by \nAasheesh Arjun Singh \nArJ·un s1·ngh Date:2025.10.23 \n10:48:51 t-05'30' \nAasheesh Arjun Singh \nPartner \nMembership No. 210122", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "dde93593c9a259e3"}, {"chunk_id": "0f273956b4df34d1", "content": "enterprises - Other financial liabilities 882 825 Other current liabilities 631 921 Provisions 895 661 Current tax liabilities (net) 2,853 1,887 Total - Current liabilities 17,405 15,672 TOTAL - EQUITY AND LIABILITIES 79,476 78,313 UNAUDITED STANDALONE STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED 30th SEPTEMBER, 2025 Six months ended 30th September, 2025 Six months ended 30th September, 2024 A CASH FLOWS FROM OPERATING ACTIVITIES: Profit before tax 6,784 6,968 Adjustments for: Depreciation and amortisation expenses 656 603 Loss on sale of property, plant and equipment 18 2 Interest income (215) (342) Dividend income (140) (91) Other non operating income - Fair value gain on investments (104) (133) Interest expense 221 184 Equity settled share based payment 15 - Reversal of indemnification asset on expiry of underlying income tax provision 34 - Inventory written off (net) 139 93 Bad debts / assets (write back) / written off net of provision (3) 13 Mark-to-market (gain) / loss on derivative financial instruments (19) 5 Cash generated from operations before working capital changes 7,386 7,302 Adjustments for: (Increase)/decrease in Non-Current Assets 10 42 (Increase)/decrease in Current Assets (1,020) (1,232) (Increase)/decrease in Inventories (98) (325) Increase/(decrease) in Non-Current Liabilities (117) (16) Increase/(decrease) in Current Liabilities 514 1,060 Cash flows generated from operations 6,675 6,831 Taxes paid (net of refunds) (780) (351)", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "~ \nU.....Rww ~", "subsection": "For Walker Chandiok & Co LLP \nChartered Accountants \nFirm Registration No: 001076N/N500013 \nAasheesh \nDigitally signed by \nAasheesh Arjun Singh \nArJ·un s1·ngh Date:2025.10.23 \n10:48:51 t-05'30' \nAasheesh Arjun Singh \nPartner \nMembership No. 210122", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "dde93593c9a259e3"}, {"chunk_id": "7505990b080cb159", "content": "(98) (325) Increase/(decrease) in Non-Current Liabilities (117) (16) Increase/(decrease) in Current Liabilities 514 1,060 Cash flows generated from operations 6,675 6,831 Taxes paid (net of refunds) (780) (351) Net cash flows generated from operating activities - [A] 5,895 6,480 B CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of property, plant and equipment (575) (459) Sale proceeds of property, plant and equipment 10 7 Purchase of Intangible assets (42) (7) Purchase consideration towards business combination (2,706) - Purchase of non-current investments (100) - Purchase of current investments (8,195) (11,323) Redemption proceeds of current investments 8,219 11,776 Loans given to subsidiaries (105) (226) Loans repaid by subsidiaries 143 196 Loans given to others (net of repayment) - 0 Investment in term deposits (having original maturity of more than 3 months) (1,903) (1,579)", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "~ \nU.....Rww ~", "subsection": "For Walker Chandiok & Co LLP \nChartered Accountants \nFirm Registration No: 001076N/N500013 \nAasheesh \nDigitally signed by \nAasheesh Arjun Singh \nArJ·un s1·ngh Date:2025.10.23 \n10:48:51 t-05'30' \nAasheesh Arjun Singh \nPartner \nMembership No. 210122", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "dde93593c9a259e3"}, {"chunk_id": "34c3edbac4306401", "content": "Proceeds from redemption / maturity of term deposits (having original maturity of more than 3 months) 1,090 5,059 Interest received 227 457 Dividend received from subsidiaries 140 91 Net cash flows generated (used in) / from investing activities - [B] (3,797) 3,992 C CASH FLOWS FROM FINANCING ACTIVITIES: Dividends paid (5,639) (5,639) Principal payment of lease liabilities (218) (221) Interest paid on lease liabilities (62) (59) Net cash flows used in financing activities - [C] (5,919) (5,919) Net increase in cash and cash equivalents - [A+B+C] (3,821) 4,553 Add: Cash and cash equivalents at the beginning of the period 5,947 609 Cash and cash equivalents at the end of the period 2,126 5,162 The above Standalone Statement of Cash Flows has been prepared under the 'Indirect Method' as set out in Ind AS 7, 'Statement of Cash Flows'. 1. Total sales at Rs. 15,418 crores grew by 1 % during the quarter. 2. Earnings before interest, tax, depreciation and amortization (EBITDA] for the quarter was Rs. 3,563 crores (SQ 24: Rs. 3,647 crores]. EBITDA margin at 23.1 % declined by 70 bps vs SQ 24. 3. Profit after tax before exceptional items for the quarter at Rs. 2,478 crores (SQ 24: Rs. 2,611 crores] declined by 5%. 4. Exceptional items in SQ 25 include one-off positive impact pursuant to resolution of prior years· tax matters between UK and Indian tax authorities of Rs. 273 crores (SQ 24: Nill, restructuring expenses of Rs. 51 crores (SQ 24: Rs. 16 crores] and acquisition and", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "~ \nU.....Rww ~", "subsection": "By order of the Board of Directors \nP • \nDigitally signed by Priya \nnya \nSukumar Nair \nSukumar Nair ~~~~~;~2s.10.2310,39,09", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f79b50991e3f1275"}, {"chunk_id": "45fde23d515d6ae0", "content": "tax authorities of Rs. 273 crores (SQ 24: Nill, restructuring expenses of Rs. 51 crores (SQ 24: Rs. 16 crores] and acquisition and disposal related costs of Rs. 38 crores (SQ 24: Nill. 5. Profit After Tax for the quarter at Rs. 2,690 crores (SQ 24: Rs. 2,612 crores] grew by 3%. 6. The shareholders of Hindustan Unilever Limited ('HUL'], at their meeting convened by the Honourable National Company Law Tribunal (\"NCL Tl on 12th August 2025, approved the Scheme of Arrangement between HUL, Kwality Wall's (India] Limited (\"KWIL'] and their respective shareholders to demerge HUL's ice cream business into KWIL. The scheme is subject to necessary statutory and regulatory approvals, including from the Honourable NCL T under Sections 230 and 232 of the Companies Act, 2013. This has no impact on the financial results for the period ended and as at 30th September 2025. 7. The Board of Directors declared an interim dividend of Rs. 19/- per equity share of face value of Re.1/- each for the financial year ending 31st March 2026. The record date for the purpose of determining the entitlement for payment of interim dividend is fixed as 7th November 2025. 8. The above results have been reviewed by the Audit Committee at its meeting held on 23rd October 2025 and approved by the Board of Directors at their meeting held on 23rd October 2025. 9. The statutory auditors have issued an unmodified report on the above results. 10.", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "~ \nU.....Rww ~", "subsection": "By order of the Board of Directors \nP • \nDigitally signed by Priya \nnya \nSukumar Nair \nSukumar Nair ~~~~~;~2s.10.2310,39,09", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f79b50991e3f1275"}, {"chunk_id": "f0bf3f8be31fd0c3", "content": "of Directors at their meeting held on 23rd October 2025. 9. The statutory auditors have issued an unmodified report on the above results. 10. The text of the above statement was approved by the Board of Directors at their meeting held on 23rd October 2025. For more details on Results, visit Investor Relations section of our website at http://www.hul.co.in and Financial Results under Corporates section of www.nseindia.com and www.bseindia.com. By order of the Board of Directors P • Digitally signed by Priya nya Sukumar Nair Sukumar Nair ~~~~~;~2s.10.2310,39,09 Place: Mumbai Date: 23rd October 2025 Priya Nair Managing Director and Chief Executive Officer [DIN: 07119070]", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "~ \nU.....Rww ~", "subsection": "By order of the Board of Directors \nP • \nDigitally signed by Priya \nnya \nSukumar Nair \nSukumar Nair ~~~~~;~2s.10.2310,39,09", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f79b50991e3f1275"}, {"chunk_id": "4064bdb90feb6f44", "content": "[TABLE] Company: HU | Year: FY2025 | Section: Introduction > Dear Sir / Madam, \n \nSub: Outcome of the Board Meeting held on 23rd October, 2025 \n \nThis is further to our letter dated 12th September, 2025, intimating the date of Board Meeting \nfor consideration of Unaudited Standalone and Consolidated Financial Results for the quarter \nand half year ended 30th September, 2025.  \n \nPursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations \nand Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’), we would like \nto inform you that the Board at its meeting held today:  \n \n1. \nhas approved the Unaudited Standalone and Consolidated Financial Results for the \nquarter and half year ended 30th September, 2025. We attach herewith a copy of the \napproved Unaudited Standalone and Consolidated Financial Results along with the \nLimited Review Reports of the Auditors. We are arranging to publish these results in the \nnewspapers as per Regulation 47 of SEBI Listing Regulations. \n \n2. \ndeclared interim dividend of Rs. 19 per equity share of face value of Re. 1/- each  for the \nfinancial year ending 31st March, 2026. The record date for the purpose of determining \nthe entitlement of the shareholders for the interim dividend has been fixed as Friday, 7th \nNovember, 2025, and dividend will be paid to the shareholders on Thursday, 20th \nNovember, 2025. | Page: 1\n\n| B D Sawant Andheri Eas | Marg, Chakala, t, Mumbai 400 09 I | 9 I |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|\n| Tel: +91 (22) | 50433000 Web: | www.hul.co.in CIN: L | 15140MH1933PLC002030 |  |  |  |  |\n|  | 23rd October, | 2025 |  |  |  |  |  |\n|  | Stock Code BS | E: 500696 |  |  |  |  |  |\n|  | NS | E: HINDUNILVR |  |  |  |  |  |\n|  | ISI | N: INE030A01027 |  |  |  |  |  |\n|  | BSE Limited, |  |  | National Sto | ck Excha | nge | of India Ltd |\n|  | Corporate Re | lationship Depart | ment, | Exchange Pl | aza, 5th | Floo | r, |\n|  | 2nd Floor, Ne | w Trading Wing, |  | Plot No. C/1, | G Block | , |  |\n|  | Rotunda Buil | ding, P.J. Towers, |  | Bandra – Ku | rla Com | plex | , |\n|  | Dalal Street, |  |  | Bandra (E), |  |  |  |\n|  | Mumbai – 400 | 001 |  | Mumbai – 40 | 0 051 |  |  |\n|  | Dear Sir / Ma | dam, |  |  |  |  |  |\n|  | Sub: Outcom | e of the Board Me | eting held on 23rd Oct | ober, 2025 |  |  |  |\n|  | This is furthe | r to our letter date | d 12th September, 202 | 5, intimating th | e date o | f Bo | ard Meeting |\n|  | for considera | tion of Unaudited | Standalone and Consol | idated Financia | l Result | s for | the quarter |\n|  | and half year | ended 30th Septe | mber, 2025. |  |  |  |  |\n|  | Pursuant to R | egulation 30 of th | e Securities and Exch | ange Board of I | ndia (Li | sting | Obligations |\n|  | and Disclosur | e Requirements) | Regulations, 2015 (‘SE | BI Listing Reg | ulations | ’), w | e would like |\n|  | to inform you | that the Board at | its meeting held today | : |  |  |  |\n|  | 1. has appr | oved the Unaudi | ted Standalone and C | onsolidated Fi | nancial | Res | ults for the |\n|  | quarter a | nd half year end | ed 30th September, 2 | 025. We attach | herewi | th a | copy of the |\n|  | approved | Unaudited Stan | dalone and Consolida | ted Financial | Results | alo | ng with the |\n|  | Limited R | eview Reports of | the Auditors. We are a | rranging to pu | blish the | se r | esults in the |\n|  | newspap | ers as per Regula | tion 47 of SEBI Listing | Regulations. |  |  |  |\n|  | 2. declared | interim dividend | of Rs. 19 per equity sh | are of face valu | e of Re. | 1/- | each for the |\n|  | financial | year ending 31st | March, 2026. The reco | rd date for the | purpos | e of | determining |\n|  | the entitl | ement of the shar | eholders for the interi | m dividend has | been fix | ed a | s Friday, 7th |\n|  | Novembe | r, 2025, and divi | dend will be paid to | the sharehol | ders on | Thu | rsday, 20th |\n|  | Novembe | r, 2025. |  |  |  |  |  |\n|  | The Board M | eeting commence | d at 09:30 A.M. (IST) | and the discus | sion on | the | above items |\n|  | concluded at | 10:38 A.M. (IST). | The Board Meeting is | continuing fo | r consid | erat | ion of other |\n|  | agenda items | . |  |  |  |  |  |", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 1, "section": "Introduction", "subsection": "Dear Sir / Madam, \n \nSub: Outcome of the Board Meeting held on 23rd October, 2025 \n \nThis is further to our letter dated 12th September, 2025, intimating the date of Board Meeting \nfor consideration of Unaudited Standalone and Consolidated Financial Results for the quarter \nand half year ended 30th September, 2025.  \n \nPursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations \nand Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’), we would like \nto inform you that the Board at its meeting held today:  \n \n1. \nhas approved the Unaudited Standalone and Consolidated Financial Results for the \nquarter and half year ended 30th September, 2025. We attach herewith a copy of the \napproved Unaudited Standalone and Consolidated Financial Results along with the \nLimited Review Reports of the Auditors. We are arranging to publish these results in the \nnewspapers as per Regulation 47 of SEBI Listing Regulations. \n \n2. \ndeclared interim dividend of Rs. 19 per equity share of face value of Re. 1/- each  for the \nfinancial year ending 31st March, 2026. The record date for the purpose of determining \nthe entitlement of the shareholders for the interim dividend has been fixed as Friday, 7th \nNovember, 2025, and dividend will be paid to the shareholders on Thursday, 20th \nNovember, 2025.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "c652ea7f8f9ce4ee", "content": "[TABLE] Company: HU | Year: FY2025 | Section: Radhika \nKartik Shah > Membership No: A19308 \nEncl: as above | Page: 2\n\n| B D Sawant Andheri Eas | Marg, Chakala, t, Mumbai 400 099 I | I |\n|---|---|---|\n| Tel: +91 (22) | 50433000 Web: www.hul.c | o.in CIN: L 151 |\n|  | Please take the above | information |\n|  | Thanking You. |  |\n|  | Yours faithfully, |  |\n|  | For Hindustan Unileve | r Limited |\n|  | Radhika Shah |  |\n|  | Company Secretary & | Complianc |\n|  | Membership No: A193 | 08 |\n|  | Encl: as above |  |", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 2, "section": "Radhika \nKartik Shah", "subsection": "Membership No: A19308 \nEncl: as above", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "361cf7acfa76b6b7", "content": "[TABLE] Company: HU | Year: FY2025 | Section: Radhika \nKartik Shah > Walker Chandiok &.Co LLP | Page: 3\n\n|  | Walker Chandi | ok &.Co | LLP |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|\n|  |  |  |  |  |  | Walker Chand | iok & C | o LLP |\n|  |  |  |  |  |  | 16th Floor, Tow | er Ill, |  |\n|  |  |  |  |  |  | One Internation | al Cent | er, |\n|  |  |  |  |  |  | S B Marg, Prab | hadevi | (W), |\n|  |  |  |  |  |  | Mumbai -4000 | 13 |  |\n|  |  |  |  |  |  | Maharashtra, I | ndia |  |\n|  |  |  |  |  |  | T +91 22 6626 | 2699 |  |\n|  |  |  |  |  |  | F +91 22 6626 | 2601 |  |\n|  | Independent Audito | r's Review | Report on the | Consolidated Un | audited Quarterl | y Financial Re | sults | and Year to |\n|  | Date Results of the | Company | pursuant to | Regulation 33 o | f the SEBI (Listi | ng Obligation | s and | Disclosure |\n|  | Requirements) Regu | lations, 20 | 15 (as amende | d) |  |  |  |  |\n|  | To the Board of Dire | ctors of Hi | ndustan Unile | ver Limited |  |  |  |  |\n| 1. | We have reviewed t | he accomp | anying stateme | nt of unaudited | consolidated fina | ncial results (' | the St | atement') of |\n|  | Hindustan Unilever L | imited ('the | Holding Comp | any') and its subs | idiaries (the Holdi | ng Company a | nd its | subsidiaries |\n|  | together referred to | as 'the Grou | p'), and its joi | nt venture, (refer | Annexure 1 for t | he list of entiti | es incl | uded in the |\n|  | Statement) for the q | uarter ende | d 30 Septemb | er 2025 and the | consolidated ye | ar to date res | ults for | the period |\n|  | 01 April 2025 to 30 | September | 2025, being s | ubmitted by the | Holding Company | pursuant to th | e requ | irements of |\n|  | Regulation 33 of the S | EBI (Listing | Obligations an | d Disclosure Requ | irements) Regulat | ions, 2015 (as | amend | ed) ('Listing |\n|  | Regulations'). |  |  |  |  |  |  |  |\n| 2. | This Statement, whic | h is the res | ponsibility of t | he Holding Comp | any's manageme | nt and approv | ed by | the Holding |\n|  | Company's Board of | Directors, ha | s been prepare | d in accordance w | ith the recognition | and measure | ment pr | inciples laid |\n|  | down in Indian Accou | nting Standa | rd 34, Interim | Financial Reportin | g ('Ind AS 34'), pr | escribed under | Sectio | n 133 of the |\n|  | Companies Act, 2013 | ('the Act'), | and other acco | unting principles g | enerally accepted | in India and is | in com | pliance with |\n|  | the presentation and | disclosure | requirements o | f Regulation 33 | of the Listing Reg | ulations. Our | respon | sibility is to |\n|  | express a conclusion | on the State | ment based on | our review. |  |  |  |  |\n| 3. | We conducted our re | view of the | Statement in a | ccordance with th | e Standard on R | eview Engage | ments ( | SRE) 2410, |\n|  | Review of Interim Fin | ancial Inform | ation Perform | ed by the Indepen | dent Auditor of th | e Entity, issued | by the | Institute of |\n|  | Chartered Accountan | ts of India. | A review of in | terim financial inf | ormation consists | of making inq | uiries, | primarily of |\n|  | persons responsible | for financial | and accountin | g matters, and a | pplying analytical | and other rev | iew pr | ocedures. A |\n|  | review is substantially | less in sco | pe than an aud | it conducted in a | ccordance with the | Standards on | Auditi | ng specified |\n|  | under Section 143(10 | ) of the Act, | and conseque | ntly, does not en | able us to obtain | assurance that | we wo | uld become |\n|  | aware of all significan | t matters tha | t might be iden | tified in an audit. | Accordingly, we d | o not express a | n audi | t opinion. |\n|  | We also performed p | rocedures i | n accordance | with the circular is | sued by the SEBI | under Regula | tion 33 | (8) of the |\n|  | Listing Regulations, to | the extent | applicable. |  |  |  |  |  |\n| Char | tered Accountants |  |  |  | Walker Chan liability with | diok & Co LLP is registere identification number AA | d with limite C-2085 and | d has |", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Radhika \nKartik Shah", "subsection": "Walker Chandiok &.Co LLP", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "edec9e751dff38e4", "content": "[TABLE] Company: HU | Year: FY2025 | Section: Radhika \nKartik Shah > For Walker Chandiok & Co LLP \nChartered Accountants \nFirm Registration No: 001076N/N500013 \nAasheesh \nDigitally signed by \nAasheesh Arjun Singh \nArJ'un s·1ngh Date:2025.10.23 \n10:50:17 +05'30' | Page: 4\n\n|  | Hindustan Unil | ever L | imited |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|---|\n| I | ndependent A | uditor | 's Review Rep | ort on the | Consolidated Un | audited | Quarter | ly Financial Re | sults and Yea |\n| t | o Date Result | s of th | e Company p | ursuant to | Regulation 33 of | the SEBI | (Listin | g Obligations a | nd Disclosure |\n|  | Requirements | ) Regu | lations, 2015 | (as amende | d) |  |  |  |  |\n| 4. | Based on our | review | conducted and | procedures | performed as state | d in parag | raph 3 a | bove and upon c | onsideration of |\n|  | the review rep | orts of t | he other audito | rs referred to | in paragraph 5 be | low, nothi | ng has c | ome to our attent | ion that causes |\n|  | us to believe | that th | e accompanyin | g Statemen | t, prepared in ac | cordance | with the | recognition and | measurement |\n|  | principles laid | down i | n Ind AS 34, pr | escribed un | der Section 133 of | the Act, a | nd other | accounting prin | ciples generally |\n|  | accepted in In | dia, ha | s not disclosed | the informat | ion required to be | disclosed | in acco | rdance with the r | equirements of |\n|  | Regulation 33 | of the | Listing Regulat | ions, includi | ng the manner in | which it is | to be d | isclosed, or that | it contains any |\n|  | material misst | atemen | t. |  |  |  |  |  |  |\n| 5. | We did not re | view th | e interim financ | ial informati | on of One (1) sub | sidiary i.e. | Unileve | r Nepal Limited, | included in the |\n|  | Statement, w | hose fi | nancial informa | tion reflects | total assets of f | 534 crore | s as at | 30 September | 2025, and total |\n|  | revenues off | 123 cro | res and f 254 c | rores, total | net profit after tax o | ff 21 cror | es and f | 50 crores, total | comprehensive |\n|  | income of f | 21 cror | es and f 50 cr | ores, for th | e quarter and ye | ar-to-date | period | ended on 30 S | eptember 2025, |\n|  | respectively, a | nd net | cash inflows of | f 5 crores f | or the period 01 A | pril 2025 t | o 30 Se | ptember 2025, a | s considered in |\n|  | the Statement. | These | interim financia | l information | have been review | ed by othe | r auditor | s whose review | report has been |\n|  | furnished to u | s by the | management, | and our con | clusion in so far as | it relates t | o the a | mounts and discl | osures included |\n|  | in respect of th | is subs | idiary is based | solely on the | review reports of | such othe | r auditor | s and the proced | ures performed |\n|  | by us as state | d in par | agraph 3 above | . |  |  |  |  |  |\n|  | Our conclusio | n is not | modified in res | pect of this m | atter with respect | to our reli | ance on | the work done b | y and the report |\n|  | of the other au | ditor. |  |  |  |  |  |  |  |\n| 6. | The Statemen | t inclu | des the Group' | s share of n | et loss of f 3 cro | res and f | 4 crore | s, total compre | hensive loss of |\n|  | f 3 crores and | f 4 cro | res for the quar | ter and year | -to-date period en | ded on 30 | Septem | ber 2025 respect | ively, in respect |\n|  | of One (1) join | t ventu | re, i.e. Nutrition | alab Private | Limited, based on | their inter | im finan | cial information, | which have not |\n|  | been reviewe | d by th | eir auditors, a | nd have be | en furnished to u | s by the | Holding | Company's ma | nagement. Our |\n|  | conclusion on | the S | tatement, in so | far as it r | elates to the amo | unts and | disclosu | res included in | respect of this |\n|  | joint venture, | is bas | ed solely on su | ch unreview | ed interim financ | ial informa | tion. Ac | cording to the i | nformation and |\n|  | explanations g | iven to | us by the mana | gement, thi | s interim financial i | nformation | are not | material to the G | roup. |\n|  | Our conclusio | n is not | modified in res | pect of this m | atter with respect | to our relia | nce on t | he financial infor | mation certified |\n|  | by the Manag | ement. |  |  |  |  |  |  |  |\n|  | For Walker C | handio | k & Co LLP |  |  |  |  |  |  |\n|  | Chartered Acc | ountan | ts |  |  |  |  |  |  |\n|  | Firm Registrat Aasheesh | ion No: Digita Aashe | 001076N/N500 lly signed by esh Arjun Singh | 013 |  |  |  |  |  |\n|  | ArJ'un s·1n Aasheesh Arj | gh Date: 10:50 un Sin | 2025.10.23 :17 +05'30' gh |  |  |  |  |  |  |\n|  | Partner |  |  |  |  |  |  |  |  |\n|  | Membership N | o. 210 | 122 |  |  |  |  |  |  |\n|  | UDIN: 252101 | 22BM | ONCU9475 |  |  |  |  |  |  |\n|  | Place: Mumba | i |  |  |  |  |  |  |  |\n|  | Date: 23 Octo | ber 202 | 5 |  |  |  |  |  |  |\n| Ch | artered Accountants |  |  |  |  | W li | alker Chandio ability with ide | k & Co LLP is registered with ntification number AAC-208 | limited 5 and has |", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "Radhika \nKartik Shah", "subsection": "For Walker Chandiok & Co LLP \nChartered Accountants \nFirm Registration No: 001076N/N500013 \nAasheesh \nDigitally signed by \nAasheesh Arjun Singh \nArJ'un s·1ngh Date:2025.10.23 \n10:50:17 +05'30'", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "2ff0b53ca1f62ecd", "content": "[TABLE] Company: HU | Year: FY2025 | Section: Radhika \nKartik Shah > For Walker Chandiok & Co LLP \nChartered Accountants \nFirm Registration No: 001076N/N500013 \nAasheesh \nDigitally signed by \nAasheesh Arjun Singh \nArJ'un s·1ngh Date:2025.10.23 \n10:50:17 +05'30' | Page: 5\n\n| Ind | epend | ent Auditor's Rev | iew Report | on | the Consolidated Unaudited Quart | erly Fin | anci |\n|---|---|---|---|---|---|---|---|\n| to | Date R | esults of the Com | pany pursu | ant | to Regulation 33 of the SEBI (List | ing Obli | gati |\n| Re | quirem | ents) Regulation | s, 2015 (as | am | ended) |  |  |\n| A | nnexur | e 1 |  |  |  |  |  |\n| L | ist of e | ntities included in | the Stateme | nt |  |  |  |\n| S | r. No. | Entity Name |  |  | R | elations | hip |\n|  | 1. | Hindustan Unilever | Limited |  | H | olding C | omp |\n|  | 2. | Unilever India Expo | rts Limited |  | S | ubsidiar | y |\n|  | 3. | Unilever India Limit | ed |  | S | ubsidiar | y |\n|  | 4. | Lakme Lever Privat | e Limited |  | S | ubsidiar | y |\n|  | 5. | Daverashola Estate | s Private Lim | ited | S | ubsidiar | y |\n|  | 6. | Levers Associated | Trust Limited |  | S | ubsidiar | y |\n|  | 7. | Hindlever Trust Lim | ited |  | S | ubsidiar | y |\n|  | 8. | Hindustan Unilever | Foundation |  | S | ubsidiar | y |\n|  | 9. | Zywie Ventures Pri | vate Limited |  | S | ubsidiar | y |\n|  | 10. | Zenherb Labs Priva | te Limited |  | S | tep-dow | n su |\n|  | 11. | Unilever Nepal Limi | ted |  | S | ubsidiar | y |\n|  | 12. 13. | Levindra Trust Limi Kwality Wall's (Indi | ted a) Limited |  | S S | ubsidiar ubsidiar | y y |\n|  | 14. | Uprising Science P | A rivate Limited | * | S | ubsidiar | y |\n|  | 15. | Minimalist PTE. Lim | ited* |  | S | tep-dow | n su |\n|  | 16. | Minimalist Foundati | on * |  | S | tep-dow | n su |\n|  | 17. | PT Minimalist Scien | ce Indonesia | * | S | tep-dow | n su |\n|  | 18. | Minimalist Science | Sdn Bhd. * |  | S | tep-dow | n su |\n|  | 19. | Minimalist Vietnam | Company Li | mite | d* S | tep-dow | n su |\n|  | 20. | Minimalist Science | Limited* |  | S | tep-dow | n su |\n|  | 21. | Minimalist Science | Trading L.L.C | . * | S | tep-dow | n su |\n|  | 22. | Minimalist Science | Inc. * |  | S | tep-dow | n su |\n|  | 23. | Minimalist Science | Pty Limited * |  | S | tep-dow | n su |\n|  | 24. | Minimalist Importati | on and Trade | of | cosmetics LT DA * S | tep-dow | n su |\n|  | 25. | Nutritionalab Privat | e Limited |  | J | oint Vent | ure |\n|  | w.e.f. 1 | 0 January 2025 |  |  |  |  |  |\n| A |  |  |  |  |  |  |  |\n| * | w.e.f. 2 | 1 April 2025 |  |  |  |  |  |\n| Charter | ed Accountan | ts |  |  | Walker Cha liability wit | ndiok & Co LLP h identification | is regist number |", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "Radhika \nKartik Shah", "subsection": "For Walker Chandiok & Co LLP \nChartered Accountants \nFirm Registration No: 001076N/N500013 \nAasheesh \nDigitally signed by \nAasheesh Arjun Singh \nArJ'un s·1ngh Date:2025.10.23 \n10:50:17 +05'30'", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "97d213a025c5bf37", "content": "[TABLE] Company: HU | Year: FY2025 | Section: ~ \nU~e,.r Llm.uul | Page: 6\n\n| Unaudited Results for the quarter ended 30th September |  | Unaudited Results for the quarter ended 30th June | Particulars | Unaudited Results for six months ended 30th Se ,tember |  | Audited Results for the year ended 31st March |\n|---|---|---|---|---|---|---|\n| 2025 | 2024 | 2025 |  | 2025 | 2024 | 2025 |\n| 16,034 27 180 147 16,388 5,746 2,353 (206) 750 129 358 1,661 2,208 12,999 3,389 (3) 3,386 184 3,570 (884) 8 2,694 1 (0) 3 (0) 0 4 2,698 2,685 9 4 (0) 2,689 9 235 11.43 11.43 | 15,703 26 197 219 16,145 5,005 2,914 (210) 822 110 338 1,501 2,101 12,581 3,564 (6) 3,558 (16) 3,542 (940) (7) 2,595 1 0 (7) 2 (4) 2,591 2,591 4 (4) 2,587 4 235 11.03 11.03 | 16,296 27 191 201 16,715 5,467 2,915 (141) 726 127 361 1,656 2,173 13,284 3,431 (1) 3,430 (127) 3,303 (494) (41) 2,768 (22) (0) 0 (22) 2,746 2,756 12 (22) 0 2,734 12 235 11.73 11.73 | Revenue from operations Sale of products Sale of services Other operating revenue Other income TOTAL INCOME EXPENSES Cost of materials consumed Purchases of stock-in-trade Changes in inventories of finished goods, work-in-progress and stock-in-trade Employee benefits expense Finance costs Depreciation and amortisation expense other expenses Advertising and promotion others TOTAL EXPENSES Profit before exceptional items and tax and before share of equity.accounted investee Share of loss of equity-accounted investee, net of tax Profit before exceptional items and tax Exceptional items (net credit I (charge)] Profit before tax Tax expenses Current tax Deferred tax credit I (charge) PROFIT FOR THE PERIOD I YEAR (A) OTHER COMPREHENSIVE INCOME Items that will not be reclassified to profit or loss Remeasl.rements of the net defined benefit plans Tax on above Items that will be reclassifted to profit or loss Fair value of debt instruments through other comprehensive income Tax on above Fair value of cash flow hedges through other comprehensive income Tax on above Exchange differences on translation of financial statements of foreign operations Tax on above OTHER COMPREHENSIVE INCOME FOR THE PERIOD I YEAR (B) TOTAL COMPREHENSIVE INCOME FOR THE PERIOD/ YEAR (A+B) Net Profit attributable to a) Ovvners of the Holding Company b) Non-controlling interest Other comprehensive income attributable to a) Owners of the Holding Company b) Non-controlling interest Total comprehensive income attributable to a) Ovvners of the Holding Company b) Non-controlling interest Paid up Equity Share Capital (Face value of Re. 1 per share) Other Equity Eamings per equity share (Face value of Re.1 each) Basic Qn Rs.) Dluted (il Rs.) | 32,330 54 371 348 33,103 11,213 5,268 (347) 1,476 256 719 3,317 4,381 26,283 6,820 (4) 6,816 57 6,873 (1,378) (33) 5,462 1 (0) (19) (0) 0 (18) 5,444 5,441 21 (18) 0 5,423 21 235 23.16 23.16 | 31,200 52 381 476 32,109 9,879 5,642 (267) 1,478 203 667 3,182 4,182 24,966 7,143 (8) 7,135 (64) 7,071 (1,793) (71) 5,207 (0) 0 (8) 2 (6) 5,201 5,201 6 (6) 5,195 6 235 22.14 22.14 | 62,175 113 833 1,017 64,138 19,458 11,273 (153) 3,077 395 1,355 6,199 8,416 50,020 14,118 (8) 14,110 305 14,415 (3,620) (124) 10,671 (22) 5 (0) 0 (2) 0 (19) 10,652 10,649 22 (19) 0 10,630 22 235 49,167 45.32 45.32 |", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "~ \nU~e,.r Llm.uul", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "2a35740254947bdf", "content": "[TABLE] Company: HU | Year: FY2025 | Section: ~ \nU~e,.r Llm.uul | Page: 7\n\n| Unaudited Results for the quarter ended 30th SeDtember |  | Unaudited Results for the quarter ended 30th June | Particulars | Unaudited Results for six months ended 30th Seotember |  | Audited Results for the year ended 31st March |\n|---|---|---|---|---|---|---|\n| 2025 | 2024 | 2025 |  | 2025 | 2024 | 2025 |\n| 5,664 3,732 2,425 3,869 551 | 5,731 3,421 2,411 3,803 560 | 5,777 3,631 2,540 4,016 550 | Segment Revenue (Sales and Other operating revenue) -Home Care -Beauty & Wellbeing -Personal Care -Foods -Others (includes EXJ>orts) | 11,441 7,363 4,965 7,885 1101 | 11,404 6,702 4,797 7,653 1 077 | 22,958 13,523 9,166 15,294 2180 |\n| 16241 | 15 926 | 16514 | Total Seament Revenue | 32 755 | 31 633 | 63121 |\n| 1,083 1,061 492 629 106 | 1,114 1,123 407 690 121 | 1,129 999 475 652 102 | Segment Results -Home Care -Beauty & Wellbeing -Personal Care -Foods -Others (includes EXJ>orts) | 2,212 2,060 967 1,281 208 | 2,250 2,124 832 1,426 238 | 4,429 4,188 1,631 2,808 440 |\n| 3,371 (3) 147 (129) 164 | 3,455 (6) 219 (110) (16) | 3,357 (1) 201 (127) (127) | Total Segment Results Less: Share of loss of equity-accounted investee, net of tax Unallocable items: Other Income Finance Costs Exceptional items lnet credit/ (charQe)l | 6,728 (4) 348 (256) 57 | 6,870 (8) 476 (203) (64) | 13,496 (8) 1,017 (395) 305 |\n| 3 570 | 3542 | 3 303 | Profit Before Tax | 6 873 | 7071 | 14415 |\n| 6,117 8,423 3,641 51,706 1,174 10773 | 5,543 4,486 3,853 50,939 1,086 14 858 | 5,746 8,150 3,870 51,320 1,208 14 800 | Segment Assets -Home Care -Beauty & Wellbeing -Personal Care -Foods -Others (includes Exports) -Unallocable coroorate assets | 6,117 8,423 3,641 51,706 1,174 10 773 | 5,543 4,486 3,853 50,939 1,086 14 858 | 5,573 4,391 3,692 51,571 1,122 13 531 |\n| 82 034 | 80765 | 85094 | Total Assets | 82034 | 80 765 | 79 880 |\n| 5,124 4,813 2,739 3,834 552 15 810 | 4,955 4,155 2,960 3,806 488 13414 | 5,232 4,588 2,926 3,772 623 21489 | Segment Liabilities -Home Care -Beauty & Wellbeing -Personal Care -Foods -Others (includes Exports) -Unallocable coroorate liabilities | 5,124 4,813 2,739 3,834 552 15 810 | 4,955 4,155 2,960 3,806 488 13414 | 5,257 4,252 2,691 3,730 473 13 868 |\n| 32 872 | 29778 | 38630 | Total Liabilities | 32 872 | 29 778 | 30 271 |", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "~ \nU~e,.r Llm.uul", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "65939c0df4793298", "content": "[TABLE] Company: HU | Year: FY2025 | Section: ~ \nU~e,.r Llm.uul | Page: 8\n\n| Statement of Assets and Liabilities |  | Unaudited | Audited |\n|---|---|---|---|\n|  |  | Asal 30th September, 2025 | Asal 31st March, 2025 |\n| A ASSETS 1 Non-<:urrent assets Property, plant and equipment Capital work-in-progress Goodwill Other intangible assets Investments accounted for using the equity method Financial assets -Investments -Loans -Other financial assets Deferred tax assets Non-current tax assets (net) Other non-current assets Total -Non-current assets 2 Current assets Inventories Financial assets -Investments -Trade receivables -Cash and cash equivalents -Bank balances other than cash and cash equivalents mentioned above -Loans -Other financial assets Current tax assets (net) Other current assets Assets held for sale Total -Current assets TOTAL -ASSETS B EQUITY AND LIABILITIES 1 EQUITY Equity share capital Other equity Non-controlling interests Total -Equity 2 LIABILITIES Non-<:urrent llabllltles Financial liabilities -Lease liabilities -Other financial liabilities Provisions Deferred tax liabilities Non-current tax liabilrties (net) Total -Non-<:urrent liabilities Current liabilities Financial liabilities -Borrowings -Lease liabilities -Trade payables total outstanding dues of micro enterprises and small enterprises total outstanding dues of creditors other than micro enterprises and small enterprises -Other financial liabilities Other current liabilities Provisions Current tax liabilities (net) Total -Current llabllltles TOTAL -EQUITY AND LIABILITIES | ASSETS Non-<:urrent assets Property, plant and equipment Capital work-in-progress Goodwill Other intangible assets Investments accounted for using the equity method Financial assets -Investments -Loans -Other financial assets Deferred tax assets Non-current tax assets (net) Other non-current assets | 8,881 1,022 18,098 31,147 53 101 97 1,042 19 1,131 346 | 8,625 1,009 17,466 28,244 57 2 87 763 17 1,199 360 |\n|  | Total -Non-current assets | 61,937 | 57,829 |\n|  | Current assets Inventories Financial assets -Investments -Trade receivables -Cash and cash equivalents -Bank balances other than cash and cash equivalents mentioned above -Loans -Other financial assets Current tax assets (net) Other current assets Assets held for sale | 4,488 3,804 4,440 2,341 2,101 48 1,723 4 1,127 | 4,415 3,751 3,819 6,071 1,483 46 1,488 - 955 |\n|  |  | 20,076 21 | 22,028 23 |\n|  | Total -Current assets | 20,097 | 22,051 |\n|  | TOTAL -ASSETS | 82,034 | 79,880 |\n|  | EQUITY AND LIABILITIES EQUITY Equity share capital Other equity Non-controlling interests | 235 48,481 446 | 235 49,167 207 |\n|  | Total -Equity | 49,162 | 49,609 |\n|  |  | 1,363 1,129 1,406 7,440 3,106 | 1,243 680 1,528 6,685 3,598 |\n|  | Total -Non-<:urrent liabilities | 14,444 | 13,734 |\n|  | Current liabilities Financial liabilities -Borrowings -Lease liabilities -Trade payables total outstanding dues of micro enterprises and small enterprises total outstanding dues of creditors other than micro enterprises and small enterprises -Other financial liabilities Other current liabilities Provisions Current tax liabilities (net) | 14 398 472 11,709 1,378 681 907 2,869 | 1 404 263 11,052 1,280 959 675 1,903 |\n|  | Total -Current llabllltles | 18,428 | 16,537 |\n|  | TOTAL -EQUITY AND LIABILITIES | 82,034 | 79,880 |", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "~ \nU~e,.r Llm.uul", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "95d1431a29366060", "content": "[TABLE] Company: HU | Year: FY2025 | Section: ~ \nU~e,.r Llm.uul > Add: Cash acquired under Business Combination \n13 \n-\nCash and cash equivalents at the end of the period \n2,327 \n5,300 | Page: 9\n\n|  |  | Six Months ended 30th September, 2025 | Six Months ended 30th September, 2024 |\n|---|---|---|---|\n| A CASH FLOWS FROM OPERATING ACTIVITIES: Profit before tax Adjustments for: Depreciation and amortisation expenses Loss on sale of property, plant and equipment Interest income Other non operating income -Fair value gain on investments Interest expense Payment from Retirement Benefit Scheme Reserve Share of loss of joint venture Equity settled share based payment Reversal of indemnification asset on expiry of underlying income tax provision Inventory written off (net) Bad debts/ assets (write back) / written off net of provision Mark-to-market (gain)/ loss on derivative financial instruments Cash Generated from operations before working capital changes Adjustments for: (Increase)/ decrease in Non-Current assets (Increase)/ decrease in Current Assets (Increase)/ decrease in Inventories Increase/ (decrease) in Non-Current Liabilities Increase/ (decrease) in Current Liabilities Cash flows generated from operations Taxes paid (net of refunds) Net cash flows generated from operating activities -[A] B CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of property, plant and equipment Sale proceeds of property, plant and equipment Purchase of intangible assets Purchase consideration towards business combination Purchase of non-current investments Purchase of current investments Redemption proceeds of current investments Loans given to others (net of repayment) Investment in term deposits (having original maturity of more than 3 months) Proceeds from redemption/ maturity of term deposits (having original maturity of more than 3 months) Interest received Net cash flows generated (used in) / from investing activities -[Bl C CASH FLOWS FROM FINANCING ACTIVITIES: Dividends paid Proceeds from current borrowings Repayment of current borrowings Principal payment of lease liabilities Interest paid on lease liabilities Interest paid on borrowings Net cash flows used in financing activities -[CJ Net Increase in cash and cash equivalents -[A+B+C] Add: Cash and cash equivalents at the beginning of the period Add: Cash acquired under Business Combination Cash and cash equivalents at the end of the period |  | 6,873 727 19 (218) (110) 256 (0) 4 15 34 139 (5) (15) | 7,071 667 2 (339) (138) 203 - 8 - - 103 40 7 |\n|  |  | 7,719 | 7,624 |\n|  |  | 9 (935) (97) (164) 573 | 43 (1,260) (364) (19) 1,030 |\n|  |  | 7,105 (838) | 7,054 (397) |\n|  |  | 6,267 | 6,657 |\n|  |  | (617) 10 (42) (2,661) (100) (9,522) 9,579 - (1,998) 1,090 230 | (520) 7 (7) - - (12,171) 12,577 0 (1,641) 5,075 454 |\n|  |  | (4,031) | 3,774 |\n|  |  | (5,639) - (46) (237) (68) (2) | (5,639) 1 - (239) (64) (2) |\n|  |  | (5,992) | (5,943) |\n|  | Net Increase in cash and cash equivalents -[A+B+C] Add: Cash and cash equivalents at the beginning of the period Add: Cash acquired under Business Combination Cash and cash equivalents at the end of the period | (3,756) 6,070 13 | 4,488 812 - |\n|  |  | 2,327 | 5,300 |", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 9, "section": "~ \nU~e,.r Llm.uul", "subsection": "Add: Cash acquired under Business Combination \n13 \n-\nCash and cash equivalents at the end of the period \n2,327 \n5,300", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "12c2f4d7c1c191c4", "content": "[TABLE] Company: HU | Year: FY2025 | Section: ~ \nU~e,.r Llm.uul > Add: Cash acquired under Business Combination \n13 \n-\nCash and cash equivalents at the end of the period \n2,327 \n5,300 | Page: 9\n\n|  | Components of cash and cash equivalents: Cash and cash equivalents as per Consolidated Balance Sheet Less: Bank overdraft Cash and cash equivalents for Consolidated Statement of Cash Flows | 2,341 (14) | 5,313 (13) |\n|---|---|---|---|\n|  |  | 2,327 | 5,300 |", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 9, "section": "~ \nU~e,.r Llm.uul", "subsection": "Add: Cash acquired under Business Combination \n13 \n-\nCash and cash equivalents at the end of the period \n2,327 \n5,300", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "31e8e7e3581c1853", "content": "[TABLE] Company: HU | Year: FY2025 | Section: ~ \nU~e,.r Llm.uul > By order of the Board of Directors \nP . \nDigitally signed by \nnya \nPriya Sukumar Nair \nSukumar Nair Date: 2025.10.23 \n10:39:44 +05'30' | Page: 10\n\n| Note | s to consolidated | financial results: |  |  |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|---|---|\n| 1. | Total sales at Rs. | 16,061 crores grew | by 2% during | the quarter. |  |  |  |  |  |  |\n| 2. | Earnings before i | nterest, tax, depreci | ation and am | ortization (EBITD | A] for the q | uarter was Rs. 3,7 | 29 crores (SQ | 24: | Rs. 3,79 | 3 crores]. |\n|  | EBITDA margin at | 23.2% declined by | 90 bps vs SQ | 24. |  |  |  |  |  |  |\n| 3. | Profit after tax be | fore exceptional ite | ms for the qu | arter at Rs. 2,48 | 2 crores (S | Q 24: Rs. 2,594 cr | ores] declined | by | 4%. |  |\n| 4. | Exceptional items | in SQ 25 include on | e-off positive | impact pursuant | to resoluti | on of prior years· | tax matters be | twe | en UK | and Indian |\n|  | tax authorities of | Rs. 273 crores (SQ | 24: Nill. rest | ructuring expens | es of Rs. | 51 crores (SQ 24: | Rs. 16 crores] | an | d acqui | sition and |\n|  | disposal related c | osts of Rs. 38 crore | s (SQ 24: Nill | . |  |  |  |  |  |  |\n| 5. | Profit After Tax fo | r the quarter at Rs. | 2,694 crores | (SQ 24: Rs. 2,595 | crores] g | rew by 4%. |  |  |  |  |\n| 6. | The shareholders | of Hindustan Unil | ever Limited | ('HUL'], at their | meeting c | onvened by the H | onourable N | atio | nal Com | pany Law |\n|  | Tribunal (\"NCL T'] | on 12th August 202 | 5, approved th | e Scheme of Arr | angement | between HUL, Kw | ality Wall's (I | ndia | ] Limite | d (\"KWIL'] |\n|  | and their respec | tive shareholders | to demerge | HUL's ice cream | busines | s into KWIL. The | scheme is | subj | ect to | necessary |\n|  | statutory and reg | ulatory approvals, | including fro | m the Honoura | ble NCL T | under Sections 2 | 30 and 232 o | f th | e Com | panies Act |\n|  | 2013. This has no | impact on the finan | cial results f | or the period end | ed and as | at 30th Septembe | r 2025. |  |  |  |\n| 7. | The Board of Dire | ctors declared an i | nterim divide | nd of Rs. 19/-pe | r equity sh | are of face value o | f Re.1/-each | for | the fina | ncial year |\n|  | ending 31st Marc | h 2026. The record | date for the p | urpose of deter | mining the | entitlement for p | ayment of inte | rim | dividen | d is fixed |\n|  | as 7th November | 2025. |  |  |  |  |  |  |  |  |\n| 8. | The above results | have been reviewe | d by the Audit | Committee at its | meeting | held on 23rd Octob | er 2025 and a | ppr | oved by | the Board |\n|  | of Directors at th | eir meeting held on | 23rd October | 2025. |  |  |  |  |  |  |\n| 9. | The statutory aud | itors have issued an | unmodified | report on the abo | ve results | . |  |  |  |  |\n| 10. | The text of the ab | ove statement was | approved by t | he Board of Dire | ctors at th | eir meeting held o | n 23rd Octob | er 2 | 025. |  |\n| For | more details on | Results, visit Inves | tor Relations | section of our | website a | t http://www.hul.c | o.in and Fina | nci | al Resu | lts under |\n| Corp | orates section of | www.nseindia.com | and www.bse | india.com. |  |  |  |  |  |  |\n|  |  |  |  |  |  | By order of the Bo . P nya | ard of Directo Digitally signed by Priya Sukumar Nair | rs |  |  |\n| Plac | e: Mumbai |  |  |  |  | Sukumar Nair Priya Nair | Date:2025.10.23 10:39:44 +05'30' |  |  |  |\n| Date | : 23rd October 20 | 25 |  |  |  | Managing Directo | r and Chief Ex | ecu | tive Off | icer |\n|  |  |  |  |  |  | [DIN: 07119070] |  |  |  |  |", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "~ \nU~e,.r Llm.uul", "subsection": "By order of the Board of Directors \nP . \nDigitally signed by \nnya \nPriya Sukumar Nair \nSukumar Nair Date: 2025.10.23 \n10:39:44 +05'30'", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "03f7c518e8bd27af", "content": "[TABLE] Company: HU | Year: FY2025 | Section: ~ \nU~e,.r Llm.uul > Walker Chandiok &.Co LLP | Page: 11\n\n|  | Walker Ch | andio | k &.Co L | LP |  |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|---|---|---|\n|  |  |  |  |  |  |  |  |  | Walker Chan | diok & C | o LLP |\n|  |  |  |  |  |  |  |  |  | 16th Floor, To | wer Ill, |  |\n|  |  |  |  |  |  |  |  |  | One Internatio | nal Cent | er, |\n|  |  |  |  |  |  |  |  |  | S B Marg, Pra | bhadevi | (W), |\n|  |  |  |  |  |  |  |  |  | Mumbai -400 | 013 |  |\n|  |  |  |  |  |  |  |  |  | Maharashtra, I | ndia |  |\n|  |  |  |  |  |  |  |  |  | T +91 22 6626 | 2699 |  |\n|  |  |  |  |  |  |  |  |  | F +91 22 6626 | 2601 |  |\n|  | Independent A | uditor's | Review R | eport on | the S | tandalone | Unaudited | Quarte | rly Financial | Result | s and Year |\n|  | to Date Results | of the | Company | pursuant | to Re | gulation | 33 of the SEB | I (Listi | ng Obligatio | ns and | Disclosure |\n|  | Requirements) | Regula | tions, 201 | 5 (as ame | nded) |  |  |  |  |  |  |\n|  | To the Board o | f Direct | ors of Hin | dustan Un | ilever | Limited |  |  |  |  |  |\n| 1. | We have revie | wed the | accompa | nying stat | ement | of stand | alone unaud | ited fin | ancial result | s ('the | Statement') |\n|  | of Hindustan Un | ilever L | imited ('the | Compan | y') for | the quar | ter ended 30 | Septem | ber 2025 an | d the y | ear to date |\n|  | results for the | period 0 | 1 April 202 | 5 to 30 S | eptem | ber 2025 | , being subm | itted b | y the Compa | ny purs | uant to the |\n|  | requirements of | Regula | tion 33 of t | he SEBI ( | Listing | Obligatio | ns and Disclo | sure R | equirements) | Regul | ations, 2015 |\n|  | (as amended) (' | Listing | Regulations | '). |  |  |  |  |  |  |  |\n| 2. | The Statement, | which is | the respo | nsibility of | the C | ompany's | management | and ap | proved by the | Comp | any's Board |\n|  | of Directors, has | been p | repared in | accordanc | e with | the recog | nition and me | asurem | ent principles | laid do | wn in Indian |\n|  | Accounting Stan | dard 34 | , Interim Fi | nancial Re | portin | g ('Ind AS | 34'), prescrib | ed und | er Section 13 | 3 of the | Companies |\n|  | Act, 2013 ('the | Act'), a | nd other ac | counting | princip | les gener | ally accepted | in Indi | a and is in c | omplian | ce with the |\n|  | presentation an | d disclo | sure requi | rements o | f Reg | ulation 33 | of the Listin | g Regu | lations. Our | respon | sibility is to |\n|  | express a concl | usion on | the State | ment base | d on o | ur review. |  |  |  |  |  |\n| 3. | We conducted o | ur revie | w of the St | atement in | accor | dance wit | h the Standard | on Re | view Engage | ments ( | SRE) 2410, |\n|  | Review of Interi | m Finan | cial Inform | ation Perfo | rmed | by the Ind | ependent Aud | itor of t | he Entity, iss | ued by | the Institute |\n|  | of Chartered Ac | countan | ts of India. | A review | of inte | rim financ | ial informatio | n consi | sts of making | inquiri | es, primarily |\n|  | of persons resp | onsible f | or financia | l and acco | unting | matters, | and applying | analytic | al and other | review | procedures. |\n|  | A review is sub | stantiall | y less in s | cope than | an a | udit condu | cted in accor | dance | with the Sta | ndards | on Auditing |\n|  | specified under | Section | 143(10) o | f the Act, | and c | onsequen | tly, does not | enable | us to obtain | assura | nce that we |\n|  | would become | aware o | f all signific | ant matter | s that | might be | identified in a | n audit. | Accordingly, | we do | not express |\n|  | an audit opinion | . |  |  |  |  |  |  |  |  |  |\n| C | hartered Accountants |  |  |  |  |  |  | Walker Chan liability with | diok & Co LLP is register identification number A | ed with limit AC-2085 and | ed has |", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "~ \nU~e,.r Llm.uul", "subsection": "Walker Chandiok &.Co LLP", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "4b790aeea0380f89", "content": "[TABLE] Company: HU | Year: FY2025 | Section: ~ \nU~e,.r Llm.uul > For Walker Chandiok & Co LLP \nChartered Accountants \nFirm Registration No: 001076N/N500013 \nAasheesh \nDigitally signed by \nAasheesh Arjun Singh \nArJ·un s1·ngh Date:2025.10.23 \n10:48:51 t-05'30' \nAasheesh Arjun Singh \nPartner \nMembership No. 210122 | Page: 12\n\n| Hindustan Unilever L | imited |  |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|\n| Independent Auditor | 's Review R | eport on | the Standa | lone | Unaudited | Quarterly | Financial Result | s and Year |\n| to Date Results of th | e Company | pursuant | to Regulati | on 33 | of the SEB | I (Listing | Obligations and | Disclosure |\n| Requirements) Regu | lations, 201 | 5 (as ame | nded) |  |  |  |  |  |\n| Based on our review | conducted a | s above, n | othing has | come | to our atten | tion that | causes us to belie | ve that the |\n| accompanying Statem | ent, prepare | d in accor | dance with | the re | cognition an | d measur | ement principles l | aid down in |\n| Ind AS 34, prescribed | under Secti | on 133 of | the Act, and | othe | r accounting | principle | s generally accept | ed in India, |\n| has not disclosed the | information r | equired to | be disclose | d in a | ccordance w | ith the req | uirements of Regu | lation 33 of |\n| the Listing Regulatio | ns, including | the man | ner in whic | h it is | to be discl | osed, or | that it contains a | ny material |\n| misstatement. |  |  |  |  |  |  |  |  |\n| For Walker Chandio | k & Co LLP |  |  |  |  |  |  |  |\n| Chartered Accountant | s |  |  |  |  |  |  |  |\n| Firm Registration No: Aasheesh Digi Aas | 001076N/N5 tally signed by heesh Arjun Singh | 00013 |  |  |  |  |  |  |\n| ArJ·un s1·ngh Dat 10:4 Aasheesh Arjun Sin | e:2025.10.23 8:51 t-05'30' gh |  |  |  |  |  |  |  |\n| Partner |  |  |  |  |  |  |  |  |\n| Membership No. 2101 | 22 |  |  |  |  |  |  |  |\n| UDIN: 25210122BMO | NCV8743 |  |  |  |  |  |  |  |\n| Place: Mumbai |  |  |  |  |  |  |  |  |\n| Date: 23 October 202 | 5 |  |  |  |  |  |  |  |\n| hartered Accountants |  |  |  |  |  | Walker Chandiok liability with ident | & Co LLP is registered with limite ification number AAC-2085 and h | d as |", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "~ \nU~e,.r Llm.uul", "subsection": "For Walker Chandiok & Co LLP \nChartered Accountants \nFirm Registration No: 001076N/N500013 \nAasheesh \nDigitally signed by \nAasheesh Arjun Singh \nArJ·un s1·ngh Date:2025.10.23 \n10:48:51 t-05'30' \nAasheesh Arjun Singh \nPartner \nMembership No. 210122", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "53f2baf027c25795", "content": "[TABLE] Company: HU | Year: FY2025 | Section: ~ \nU....Rwev- ~ | Page: 13\n\n| 5,813 1 5 ,211 2 ,710 ( 188) 6 77 1 11 3 24 1 ,527 2 ,085 2,457 1 3 ,356 1 84 3 ,540 | 5,817 4,598 3,195 ( 200) 765 99 305 1,464 2,039 2,265 3,552 (16) 3,536 | 16,178 TO EX 4,962 3,281 ( 154) 657 110 324 1,556 2,071 12,807 T 3,371 Pr (127) 3,244 Pr | TAL INCOM PENSES Cost of mate Purchases of Changes in in Employee be Finance cost Depreciation Other expens Advertisin Others OTAL EXPEN ofit before e Exceptional it ofit before ta | E rials consumed stock-in-trade ventories of finish nefits expense s and amortisation e es g and promotion SES xceptional items ems [net credit/ (c x | ed goods, wor xpense and tax harge)] | k-in-progress and | stock-in-trade | 3 1,991 1 0,173 5 ,991 ( 342) 1 ,334 2 21 6 48 3 ,083 4 ,156 2 5,264 6 ,727 57 6 ,784 | 31,413 9,076 6,213 ( 248) 1,367 184 603 3,108 4,078 24,381 7,032 (64) 6,968 |  | 62,646 17,698 12,584 (106 2,840 364 1,224 6,028 8,136 48,768 13,878 422 14,300 |\n|---|---|---|---|---|---|---|---|---|---|---|---|\n| ( 857) 7 2 ,690 | ( 912) (12) 2,612 | Ta (472) (40) 2,732 PR OT Ite | x expenses Current tax Deferred tax OFIT FOR T HER COMP ms that will | credit / (charge) HE PERIOD / YEA REHENSIVE INCO not be reclassifie | R (A) ME d to profit or | loss |  | (1,329) ( 33) 5 ,422 | (1,740) (78) 5,150 |  | (3,525 (131 10,644 |\n| - - 1 | - - 1 | - - Ite - | Remeasurem Tax on abov ms that will Fair value of | ents of the net de e be reclassified to debt instruments t | fined benefit p profit or loss hrough other | lans comprehensive inc | ome | - - 1 | - - (0) |  | (22 5 (0 |\n| ( 0) 3 | 0 (7) | - (22) | Tax on abov Fair value of | e cash flow hedges | through other | comprehensive in | come | ( 0) ( 19) | 0 (8) |  | 0 (2 |\n| ( 0) | 2 | (0) | Tax on above |  |  |  |  | ( 0) | 2 |  | 0 |\n| 4 | (4) | (22) OT TO | HER COMP TAL COMPR | REHENSIVE INCO EHENSIVE INCO | ME FOR THE ME FOR THE | PERIOD / YEAR PERIOD / YEAR | (B) (A+B) | ( 18) 5 ,404 | (6) 5,144 |  | (19 10,625 |\n| 2 ,694 2 35 | 2,608 235 | 2,710 235 Pai | d up Equity | Share Capital (Fa | ce value Re. | 1 per share) |  | 2 35 | 235 |  | 235 |\n|  |  | Ot Earn | her Equity ings per equ | ity share (Face v | alue of Re. 1 | each) |  |  |  |  | 48,918 |", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "~ \nU....Rwev- ~", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "1790802cea725f4d", "content": "[TABLE] Company: HU | Year: FY2025 | Section: ~ \nU.....Rww ~ | Page: 14\n\n| udited Results for the quarter ended 30th September 2024 5,667 3,389 2,426 3,869 234 15,585 1,050 1,031 487 629 42 3,239 228 ( 111) 184 | Unaud the 5,737 3,323 2,412 3,803 233 15,508 1,087 1,121 401 690 43 3,342 309 (99) (16) | ited Result quarter end 30th June 2025 1 | s for ed 5 ,783 3 ,349 2 ,541 4 ,016 2 42 5,931 1 ,093 9 77 4 70 6 52 4 2 3 ,234 2 47 (110) (127) | Segment Revenue - Home Care - Beauty & Wellbei - Personal Care - Foods - Others (includes Total Segment R Segment Results - Home Care - Beauty & Wellbei - Personal Care - Foods - Others (includes Total Segment R Unallocable items: Other Income Finance Costs Exceptional ite | (Sales and ng Exports) evenue ng Exports) esults ms [net credit | Particulars Other operating / (charge)] | Un 2025 revenue) | audited Results for six months ended 30th September 2024 11,450 6,738 4,967 7,885 476 31,516 2,143 2,008 957 1,281 84 6,473 475 ( 221) 57 | Audited the ye 31st 2 11,412 6,522 4,798 7,653 462 30,847 2,196 2,127 819 1,426 82 6,650 566 ( 184) ( 64) | Results ar ende March 025 2 1 1 6 1 | for d 2,972 3,073 9 ,168 5,294 9 62 1,469 4 ,306 4 ,176 1 ,606 2 ,808 1 69 3,065 1 ,177 (364 4 22 |\n|---|---|---|---|---|---|---|---|---|---|---|---|\n| 3,540 5,668 4,074 3,476 51,705 418 14,135 79,476 5,023 4,504 2,727 3,834 208 14,230 30,526 | 3,536 5,104 3,906 3,478 50,939 271 15,590 79,288 4,860 4,008 2,965 3,806 163 13,007 28,809 | 5 1 8 1 3 | 3 ,244 5 ,279 3 ,834 3 ,510 1,320 4 62 8,102 2,507 5 ,138 4 ,306 2 ,907 3 ,772 2 56 9,873 6,252 | Profit Before Tax Segment Assets - Home Care - Beauty & Wellbei - Personal Care - Foods - Others (includes - Unallocable corp Total Assets Segment Liabiliti - Home Care - Beauty & Wellbei - Personal Care - Foods - Others (includes - Unallocable corp Total Liabilities | ng Exports) orate assets es ng Exports) orate liabilitie | s |  | 6,784 5,668 4,074 3,476 51,705 418 14,135 79,476 5,023 4,504 2,727 3,834 208 14,230 30,526 | 6,968 5,104 3,906 3,478 50,939 271 15,590 79,288 4,860 4,008 2,965 3,806 163 13,007 28,809 | 1 5 1 7 1 2 | 4,300 5 ,112 3 ,771 3 ,316 1,571 3 07 4,236 8,313 5 ,176 4 ,069 2 ,666 3 ,730 1 68 3,351 9,160 |\n| evenue, Results, Ass setsandSegmentL | ets and Liabilities iabilitiesareasa | represent t30thSept | amount ember | s identifiable to eac 2025,30thJune20 | h of the segm 25,31stMar | ents. Other Incom ch2025and30th | e mainly includes interest income, dividend inc September2024.Unallocablecorporateasset | ome and income fro slessUnallocablec | m current investmen orporateliabilitiesm | ts (net). ainlyrep | resen |", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "~ \nU.....Rww ~", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "7a473551731183f2", "content": "[TABLE] Company: HU | Year: FY2025 | Section: ~ \nU.....Rww ~ | Page: 15\n\n|  |  | Statement of Assets and Liabilities 30th | Unaudited As at September, | Audited As at 2025 31st March, | 2025 |\n|---|---|---|---|---|---|\n| 1 | ASSETS Non-current asset Property, plant and Capital work-in-pro Goodwill Other intangible as Financial assets - Investments in | s equipment gress sets subsidiaries and joint venture | 1 2 | 7 ,922 9 58 7,317 7,910 3 ,890 | 7 ,710 9 56 1 7,316 2 7,881 9 86 |\n| 2 | - Investments - Loans - Other financial Non-current tax as Other non-current Total - Non-curren Current assets Inventories Financial assets - Investments - Trade receivab - Cash and cash | assets sets (net) assets t assets les equivalents | 6 | 1 01 3 04 9 80 1 ,068 3 35 0,785 4 ,138 3 ,694 4 ,111 2 ,126 | 2 3 32 7 44 1 ,144 3 43 5 7,414 4 ,161 3 ,614 3 ,450 5 ,947 |\n|  | - Bank balances - Loans - Other financial Other current asse Assets held for sal Total - Current as | other than cash and cash equivalents mentioned above assets ts e sets | 1 1 | 1 ,882 4 7 1 ,683 9 89 8,670 2 1 8,691 | 1 ,346 4 5 1 ,469 8 44 2 0,876 2 3 2 0,899 |\n|  | TOTAL - ASSETS |  | 7 | 9,476 | 7 8,313 |\n|  | EQUITY AND LIAB | ILITIES |  |  |  |\n| 1 | EQUITY Equity share capita Other equity | l | 4 | 2 35 8,715 | 2 35 4 8,918 |\n|  | Total - Equity |  | 4 | 8,950 | 4 9,153 |\n| 2 | LIABILITIES Non-current liabil Financial liabilities - Lease liabilities - Other financial | ities liabilities |  | 1 ,260 7 60 | 1 ,157 6 47 |\n|  | Provisions Deferred tax liabilit Non-current tax lia Total - Non-curren Current liabilities Financial liabilities - Lease liabilities - Trade payables total outstan total outstan | ies (net) bilities (net) t liabilities ding dues of micro enterprises and small enterprises ding dues of creditors other than micro enterprises and small | 1 | 1 ,385 6 ,616 3 ,100 3,121 3 63 4 11 | 1 ,509 6 ,583 3 ,592 1 3,488 3 80 2 31 |\n|  | enterprises - Other financial Other current liabili Provisions Current tax liabilitie Total - Current lia | liabilities ties s (net) bilities | 1 1 | 1,370 8 82 6 31 8 95 2 ,853 7,405 | 1 0,767 8 25 9 21 6 61 1 ,887 1 5,672 |", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "~ \nU.....Rww ~", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "e29c5bbfb93f9ece", "content": "[TABLE] Company: HU | Year: FY2025 | Section: ~ \nU.....Rww ~ | Page: 16\n\n| UNAUDITED | STANDALONE ST | ATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED 30th | SEPTEMBER, 2025 |  |\n|---|---|---|---|---|\n| CASH FLOWS FRO Profit before tax Adjustments for: Depreciation and am Loss on sale of prop Interest income | M OPERATING ACTI ortisation expenses erty, plant and equipm | Six months e 30th Septembe VITIES: ent | (Rs in nded Six months r, 2025 30th Septemb 6 ,784 6 56 1 8 (215) | Crores) ended er, 2024 6 ,968 6 03 2 (342) |\n| Dividend income Other non operating Interest expense Equity settled share Reversal of indemnif Inventory written off ( Bad debts / assets (w Mark-to-market (gain Cash generated fro Adjustments for: (Increase)/decrease (Increase)/decrease (Increase)/decrease Increase/(decrease) | income - Fair value g based payment ication asset on expir net) rite back) / written off ) / loss on derivative f m operations before in Non-Current Assets in Current Assets in Inventories in Non-Current Liabilit | ain on investments y of underlying income tax provision net of provision inancial instruments working capital changes ies | (140) (104) 2 21 1 5 3 4 1 39 (3) (19) 7 ,386 1 0 (1,020) (98) (117) | (91) (133) 1 84 - - 9 3 1 3 5 7 ,302 4 2 (1,232) (325) (16) |\n| Increase/(decrease) Cash flows generat Taxes paid (net of re Net cash flows gen CASH FLOWS FRO Purchase of property Sale proceeds of pro Purchase of Intangib Purchase considerat Purchase of non-curr Purchase of current i Redemption proceed | in Current Liabilities ed from operations funds) erated from operatin M INVESTING ACTIV , plant and equipment perty, plant and equip le assets ion towards business ent investments nvestments s of current investme | g activities - [A] ITIES: ment combination nts | 5 14 6 ,675 (780) 5 ,895 (575) 1 0 (42) (2,706) (100) (8,195) 8 ,219 | 1 ,060 6 ,831 (351) 6 ,480 (459) 7 (7) - - (11,323) 1 1,776 |\n| Loans given to subsi Loans repaid by sub Loans given to other Investment in term d Proceeds from redem Interest received Dividend received fro Net cash flows gen CASH FLOWS FRO Dividends paid Principal payment of | diaries sidiaries s (net of repayment) eposits (having origin ption / maturity of ter m subsidiaries erated (used in) / fro M FINANCING ACTIV lease liabilities | al maturity of more than 3 months) m deposits (having original maturity of more than 3 months) m investing activities - [B] ITIES: | (105) 1 43 - (1,903) 1 ,090 2 27 1 40 (3,797) (5,639) (218) | (226) 1 96 0 (1,579) 5 ,059 4 57 9 1 3 ,992 (5,639) (221) |\n| Interest paid on leas Net cash flows use Net increase in cas Add: Cash and cash | e liabilities d in financing activiti h and cash equivale equivalents at the be | es - [C] nts - [A+B+C] ginning of the period | (62) (5,919) (3,821) 5 ,947 | (59) (5,919) 4 ,553 6 09 |\n| Cash and cash equi | valents at the end o | f the period | 2,126 | 5,162 |", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "~ \nU.....Rww ~", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "191a2b2e3da8bdd0", "content": "[TABLE] Company: HU | Year: FY2025 | Section: ~ \nU.....Rww ~ > By order of the Board of Directors \nP • \nDigitally signed by Priya \nnya \nSukumar Nair \nSukumar Nair ~~~~~;~2s.10.2310,39,09 | Page: 17\n\n| Note | s to standal | one fina | ncial results: |  |  |  |  |  |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| 1. | Total sales a | t Rs. 15, | 418 crores grew | by 1% du | ring the quar | ter. |  |  |  |  |  |  |  |  |\n| 2. | Earnings be | fore inter | est, tax, depreci | ation and | amortization | (EBITDA] f | or the q | uarter | wa | s | Rs. 3 | ,563 crores (S | Q 24: Rs. 3,647 | crores]. |\n|  | EBITDA mar | gin at 23 | .1% declined by | 70 bps vs | SQ 24. |  |  |  |  |  |  |  |  |  |\n| 3. | Profit after t | ax befor | e exceptional ite | ms for th | e quarter at | Rs. 2,478 c | rores (S | Q 24: R | s. | 2, | 611 | crores] declin | ed by 5%. |  |\n| 4. | Exceptional | items in | SQ 25 include on | e-off posi | tive impact p | ursuant to | resoluti | on of p | rio | r y | ear | s· tax matters | between UK an | d Indian |\n|  | tax authoriti | es of Rs. | 273 crores (SQ | 24: Nill, r | estructuring | expenses | of Rs. | 51 crore | s | (S | Q 24 | : Rs. 16 crore | s] and acquisit | ion and |\n|  | disposal rel | ated cost | s of Rs. 38 crore | s (SQ 24: | Nill. |  |  |  |  |  |  |  |  |  |\n| 5. | Profit After | Tax for th | e quarter at Rs. | 2,690 cro | res (SQ 24: R | s. 2,612 cr | ores] g | rew by | 3% | . |  |  |  |  |\n| 6. | The shareh | olders of | Hindustan Uni | lever Limi | ted ('HUL'], | at their m | eeting | convene | d | by | the | Honourable | National Comp | any La |\n|  | Tribunal (\"N | CL Tl on | 12th August 202 | 5, approve | d the Schem | e of Arran | gement | betwe | en | H | UL, | Kwality Wall's | (India] Limited | (\"KWIL' |\n|  | and their re | spective | shareholders to | demerge | HUL's ice cr | eam busin | ess into | KWIL. | Th | e | sch | eme is subjec | t to necessary | statutor |\n|  | and regulat | ory appro | vals, including | from the | Honourable | NCL T unde | r Sectio | ns 230 | an | d | 232 | of the Compa | nies Act, 2013. | This ha |\n|  | no impact o | n the fina | ncial results fo | r the perio | d ended and | as at 30th | Septem | ber 20 | 25. |  |  |  |  |  |\n| 7. | The Board o | f Directo | rs declared an i | nterim div | idend of Rs. | 19/-per e | quity sh | are of f | ac | e v | alu | e of Re.1/-eac | h for the finan | cial year |\n|  | ending 31st | March 2 | 026. The record | date for t | he purpose o | f determin | ing the | entitle | me | nt | for | payment of in | terim dividend | is fixed |\n|  | as 7th Nove | mber 202 | 5. |  |  |  |  |  |  |  |  |  |  |  |\n| 8. | The above re | sults ha | ve been reviewe | d by the A | udit Committ | ee at its m | eeting | held on | 23 | rd | Oct | ober 2025 and | approved by th | e Board |\n|  | of Directors | at their | meeting held on | 23rd Octo | ber 2025. |  |  |  |  |  |  |  |  |  |\n| 9. | The statutor | y auditor | s have issued a | n unmodifi | ed report on | the above | results | . |  |  |  |  |  |  |\n| 10. | The text of t | he above | statement was | approved | by the Board | of Directo | rs at th | eir mee | tin | g | hel | d on 23rd Octo | ber 2025. |  |\n| For | more detail | s on Re | sults, visit Inve | stor Relati | ons section | of our we | bsite a | t http:// | w | ww | .hu | l.co.in and Fi | nancial Result | s under |\n| Corp | orates secti | on of ww | w.nseindia.com | and www. | bseindia.com | . |  |  |  |  |  |  |  |  |\n|  |  |  |  |  |  |  |  | By orde P • nya | r | of t | he | Board of Direc Digitally signed by | tors Priya |  |\n|  |  |  |  |  |  |  |  | Suku | ma | r | Na | Sukumar Nair ir ~~~~~;~2s.10.231 | 0,39,09 |  |\n| Plac | e: Mumbai |  |  |  |  |  |  | Priya N | air |  |  |  |  |  |\n| Date | : 23rd Octob | er 2025 |  |  |  |  |  | Managi | ng | D | irec | tor and Chief | Executive Offic | er |\n|  |  |  |  |  |  |  |  | [DIN: 0 | 71 | 19 | 070] |  |  |  |", "company": "HU", "ticker": "HINDUNILVR", "source_file": "HU.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "~ \nU.....Rww ~", "subsection": "By order of the Board of Directors \nP • \nDigitally signed by Priya \nnya \nSukumar Nair \nSukumar Nair ~~~~~;~2s.10.2310,39,09", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "1d6954fb7528468e", "content": "April 19, 2025 BSE Limited Listing Department Phiroze Jeejeebhoy Towers Dalal Street Mumbai 400 001 National Stock Exchange of India Limited Listing Department Exchange Plaza, 5th Floor Plot No. C/1, G Block Bandra-Kurla Complex Bandra (East) Mumbai 400 051 Dear Sir/Madam, Sub: Outcome of Board Meeting held on April 19, 2025 We write to inform you that the Board of Directors of ICICI Bank Limited (“the Bank”) at its Meeting held today, inter alia, approved the following: 1. Audited financial results (standalone and consolidated) of the Bank for the quarter and year ended March 31, 2025. In terms of the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (SEBI Listing Regulations), we enclose herewith the following as Annexure 1: o Audited financial results (standalone and consolidated) for the quarter and year ended March 31, 2025; o Audit report issued by M/s. B S R & Co. LLP, Chartered Accountants and M/s. C N K & Associates LLP, Chartered Accountants, the joint statutory auditors of the Bank; and o News Release on Audited financial results for the quarter and year ended March 31, 2025. 2. Annual renewal of fund raising limits by way of issuances of debt securities including by way of non-convertible debentures in domestic markets upto an overall limit of ₹ 250.00 billion by way of private placement and issuances of bonds/notes/offshore", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 2, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8460acb7a53969a6"}, {"chunk_id": "9bb3f8edfd135210", "content": "by way of non-convertible debentures in domestic markets upto an overall limit of ₹ 250.00 billion by way of private placement and issuances of bonds/notes/offshore certificate of deposits in overseas markets upto USD 1.50 billion for a period of one year, from the date of passing of resolution by the Board. The Board also authorised buyback of debt securities within the limits that the Board is authorised to approve under applicable law. ICICI Bank Limited ICICI Bank Tower, Bandra-Kurla Complex, Mumbai – 400 051, India. Tel: (91) (22) 4008 8900 Email: companysecretary@icicibank.com Website: www.icicibank.com CIN: L65190GJ1994PLC021012 Regd. Office: ICICI Bank Tower, Near Chakli Circle, Old Padra Road, Vadodara 390 007, India. 3. Re-appointment of M/s. B S R & Co. LLP, Chartered Accountants (Registration No. 101248W/W100022) and M/s. C N K & Associates LLP, Chartered Accountants (Registration No. 101961W/W100036) as the joint statutory auditors of the Bank to hold office from the conclusion of the Thirty-First  Annual General Meeting (AGM) till the conclusion of the Thirty-Third AGM of the Bank, subject to Auditors continuing to fulfil the applicable eligibility norms and approval of RBI, Members and other approvals as may be necessary or required. Brief profile of M/s. B S R & Co. LLP, Chartered Accountants and M/s. C N K & Associates LLP, Chartered Accountants is enclosed as Annexure 2. 4.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 2, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8460acb7a53969a6"}, {"chunk_id": "fbf11a7443896e49", "content": "other approvals as may be necessary or required. Brief profile of M/s. B S R & Co. LLP, Chartered Accountants and M/s. C N K & Associates LLP, Chartered Accountants is enclosed as Annexure 2. 4. Proposal for sale of Bank’s entire shareholding of 18.8% in equity shares of NIIT Institute of Finance Banking and Insurance Training Limited (“NIIT-IFBI”), an associate of the Bank, to a listed entity outside of ICICI Group. Details as required under SEBI Listing Regulations read with SEBI Master Circular dated November 11, 2024 will be filed once the proposal is considered by the Board of Directors of the purchaser entity. 5. Inclusion of Ms. Madhavi Purandare in the category of Senior Management Personnel with immediate effect. Details as required under SEBI Listing Regulations read with SEBI Master Circular dated November 11, 2024 are enclosed as Annexure 3. In addition to the above, in terms of Regulation 30 and other applicable provisions of the SEBI Listing Regulations, the Board recommended a dividend of ₹ 11/- (Rupees Eleven only) per equity share of face value of 2/- each, subject to requisite approvals. The dividend on equity shares, will be paid after the same is approved by the Members at the ensuing Annual General Meeting (AGM) of the Bank. The Board meeting commenced at 9:45 a.m. and concluded at 02:48 p.m. Please take the above information on record. Yours sincerely, For ICICI Bank Limited Prachiti Lalingkar Company Secretary", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 2, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8460acb7a53969a6"}, {"chunk_id": "b991bb0bb1049582", "content": "PRACHITI D LALINGKAR Digitally signed by PRACHITI D LALINGKAR Date: 2025.04.19 15:40:02 +05'30' (i)   New York Stock Exchange (NYSE) I  (iii)    Singapore Stock Exchange (ii)   Japan Securities Dealers Association (  (iv)    SIX Swiss Exchange Ltd. ICICI Bank Limited ICICI Bank Tower, Bandra-Kurla Complex, Mumbai – 400 051, India. Tel: (91) (22) 4008 8900 Email: companysecretary@icicibank.com Website: www.icicibank.com CIN: L65190GJ1994PLC021012 Regd. Office: ICICI Bank Tower, Near Chakli Circle, Old Padra Road, Vadodara 390 007, India. ICICI Bank Limited CIN-L65190GJ1994PLC021012 Registered Office: ICICI Bank Tower, Near Chakli Circle, Old Padro Road, Vadodara - 390 007, Gujarat. Phane: 0265-6722239 Corporate Office: ICICI Bank Towers, Bandra-Kurla Complex. Mumbai - 400 051, Maharashtra, Phone: 022-40088900 Website: wv,w.icicibank.cam, Email: campanysecretary@icicibank.cam STANDALONE FINANCIAL RESULTS ('t in crore) Three months ended Year ended", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "PRACHITI D \nLALINGKAR", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "71ff2d6d0cdc2a5f"}, {"chunk_id": "427bdd2461f125a4", "content": "March December March I March I Particulara 31, 2024 31, 2025 31,2024 na. (Q4-2025)\" (Q4-2024)1l (Q3-2025) (FY2025) (FY2024) 1. Interest earned lal+lbl+lcl+ldl 42.430.80 41,299.82 37,948.36 163,263.78 142,890.94 (Audited) (Unaudited) (Audited) (Audited) (Audited) al Interest/discount on advances/bills 32,821.33 32,048.40 29.423.40 126.404.72 110,943.93 bl Income on investments 8,210.18 8,302.14 7,782.01 32,980.23 28,630.99 c) Interest an balances w ith Reserve Bank of India and other inter-bank funds 706.12 489.59 430.16 2,155 82 1,791.39 2. Other incame1 7.260.07 7.068.05 5,648.78 28.506.70 22.957.77 3. TOTAL INCOME 111+121 49,690.87 48,367.87 43,597.14 191,770.48 165,848.71 di Others 693.17 459.69 312.79 1,723.01 1,524.63 4. Interest expended 21.237.86 20.929.21 18.855.56 82,099 34 68,585.22 5. Operating expenses (el+IO 10.788.76 10,552.11 9.702.83 42,372.32 39.132.73 el Employee cost 4,105.18 3,929.05 3,720.24 16,540 88 15,141.99 fl Other operating expenses 6,683.58 6,623.06 5,982.59 25,831.44 23,990.74 6. TOTAL EXPENDITURE EXCLUDING PROVISIONS AND CONTINGENCIES 141+151 32,026.62 31,481.32 28,558.39 124,471.66 107,717.95 7. OPERATING PROFIT BEFORE PROVISIONS AND CONTINGENCIES 131- 161 17,664.25 16,886.55 15,038.75 67,298.82 58,130.76 8. Provisions (other than taxi and continqencics 890.70 1.226.65 718.49 4,682.62 3.642.93 9. PROFIT FROM ORDINARY ACTIVITIES BEFORE EXCEPTIONAL ITEMS AND TAX 171-181 16,773.55 15.659.90 14,320.26 62.616.20 54.487.83 10. Exceational items .. .. .. . . .. 11. PROFIT FROM ORDINARY ACTIVITIES BEFORE TAX 191-1101 16,773.55 15,659.90 14.320.26 62.616.20 54.487.83 12.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "22. Outs'tandina redeemable nreference shores \n.. \n.. \n.. \n. \n..", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "91c2863f91fd0633"}, {"chunk_id": "d5bc92304b9eed03", "content": "TAX 171-181 16,773.55 15.659.90 14,320.26 62.616.20 54.487.83 10. Exceational items .. .. .. . . .. 11. PROFIT FROM ORDINARY ACTIVITIES BEFORE TAX 191-1101 16,773.55 15,659.90 14.320.26 62.616.20 54.487.83 12. Tax expense (g)+(h) 4,143.97 3,867.48 3,612.73 15,389.21 13,599.56 al Current tax 4,052.73 3,902.77 2,300.57 14,588.49 12,050.65 14. Extraordinary items (net of tax expense) .. .. .. . . .. 13. NET PROFIT FROM ORDINARY ACTIVITIES AFTER TAX (11)-(12) 12.629.58 11.792.42 10,707.53 47,226.99 40,888.27 h) Deferred tax 91.24 (35.291 1.312.16 800.72 1,548.91 15. NET PROFIT FOR THE PERIOD 1131- 1141 12,629.58 11,792.42 10,707,53 47,226,99 40 888,27 16. Paid-up equity share capital If ace value\" 2 eachl 1.424.60 1,412.11 1.404.68 1.424 60 1.404.68 18. Analytical ratios 17. Reserves excludina revaluation reserves 284,843 68 232,505.97 ii) Capital adequacv ratio (Basel Jill 16.55% 14.71% 16.33% 16.55'1', 16.33% i) Percentage of shores held by Government of India 0.22% 0.22% 0.22% 0.22% 0.22% iii) Earnings per share (EPS) a) Basic EPS before and after extraordinary items. net of tax b) Diluted EPS before and after extraordinary items, net al tax exaense lin \" 1 17.87 16.72 15.26 67.01 58.38 ii Gross non-oerformina customer assets I net of write-ottl 24.166.18 27,745.33 27,961.68 24,166.18 27,961.68 exoense rin \" 1 17.60 16.45 14.99 6589 57.33 iii) % of gross non•performing customer assets (net of write•off) to gross iii Net non- cerformina customer assets 5.589.41 5,897.76 5,377.79 5,589.41 5,377.79 iv) % of net non-pe.rforminq customer assets to net customer assets 0.39%", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "22. Outs'tandina redeemable nreference shores \n.. \n.. \n.. \n. \n..", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "91c2863f91fd0633"}, {"chunk_id": "9c0517d2e1e4fbf0", "content": "iii Net non- cerformina customer assets 5.589.41 5,897.76 5,377.79 5,589.41 5,377.79 iv) % of net non-pe.rforminq customer assets to net customer assets 0.39% 0.42% 0.42% 0.39% 0.42% customer assets 1.67% 1.96% 2.16% 1.67% 2.16% 20. Return on assets lonnualiscd) 2.52'Hi 2.36% 2.36% 2.41% 2.37% 21. Net worth' 282,055.56 262,305.12 227,933.46 282,055.56 227,933.46 22. Outs'tandina redeemable nreference shores .. .. .. . .. 23. Cacital redcmction reserve 350.00 350.00 350.00 350.00 350.00 24. Debt-equity ratio• 0.21 0.25 0.30 0.21 0.30 25. Total debts to total assets' 5.83% 6.34% 6.68% 5.83% 668% 1. During FY2024, the Bank had transferred accumulated translation loss of \" 339.66 crorc related to closure of Bank's Offshore Banking Unit. SEEPZ Mumbai. to 2. At March 31. 2025, the percentage of gross non-perform ng advances (net of write-off) to gross advances was 1.73% (December 31, 2024: 2.03%. March 31. 2024: profit and loss account in terms of Accounting Standard 11 - The Effects of Changes in Foreign Exchange Rates. 3. Net worth is computed as per RBI Master Circular No. RBV2015-16nO DBR.No.Dir.BC.12/13.03.00/2015-16 on Exposure Norms dated July 1. 2015. Net worth ot 2.26%) and net nan-performing advances to net advances was 0.42% (December 31. 2024: 0.45%. March 31, 2024: 0.45%). 4. Debt represents borrowings with residual maturity of more than one year. 5. Total debts represents total borrowings of the Bank. March 31. 2025 also includes Available for Sole ('AFS') Reserve. Particulars March December March 31,2025 31, 2024", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "22. Outs'tandina redeemable nreference shores \n.. \n.. \n.. \n. \n..", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "91c2863f91fd0633"}, {"chunk_id": "76f4db2898cbb155", "content": "5. Total debts represents total borrowings of the Bank. March 31. 2025 also includes Available for Sole ('AFS') Reserve. Particulars March December March 31,2025 31, 2024 31, 2024 (Audited) Capital and Liabilities (Unaudited) (Audited) Capital 1.424.60 1,412.11 1,404.68 Employees stock options/units outstanding 2.069.84 1,801.66 1,405.32 Reserves and surplus 288,581.86 268,429.17 235,589.32 Deposits 1.610.348.02 1.520,308.75 1,412,824.95 Borrowinas !includes subordinated debt) 123.538.26 127,731.77 124.967.58 Other liabilities and provisions 92,277.39 93,659.67 95,322.73 Total Capital and Liabilities 2,118,239.97 2,013,3'3.13 1,871,514.58 Assets Cash and balances with Reserve Bonk of Indio 119,928.12 75,780.32 89,711.70 Balances with banks and money at coll and short notice 65,633.88 67,635.18 50,214.31 Investments 504,756.74 471.978.34 461,942.27 Advances 1.341.766.16 1.314,366.05 1.184.406.39 Fixed assets 12,838.74 11,921.03 10,859.84 Other assets 73,316.33 71,662.21 74,380.07 Total An eta 2,118,239.97 2,013,343.13 1,871,514.58 (~ in crore) Year ended March March Particulars 31, 202S 31, 2024 IFY20251 lfY20241 STANDALONE CASH FLOW STATEMENTS Cash flow from/(used in) operating activities (Audited) (Audited) Profit/(loss) before taxes 62,616.20 54,487.83 Adjustments for. Depreciotion and amortisotion 2,212.50 1,722.87 Net (appreciation)/depreciotion on investments 125.67 1,565.28 Provision in respect of non-performing and other assets 4,016.24 944.79 General provision for standard assets 574.82 1,154.83 Provision for contingencies & others (755.92) 854.51", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "22. Outs'tandina redeemable nreference shores \n.. \n.. \n.. \n. \n..", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "91c2863f91fd0633"}, {"chunk_id": "0338d900b9f4cc0a", "content": "125.67 1,565.28 Provision in respect of non-performing and other assets 4,016.24 944.79 General provision for standard assets 574.82 1,154.83 Provision for contingencies & others (755.92) 854.51 Employee stock options/units expense 790.15 702.83 Income from subsidiaries and consolidated entities (2,619.01) (2,072.90) (Profit)noss on sale of fixed assets (42.951 (14.33) (i) 66,917.70 59,345.71 (lncrease)/decrease in investments 36,998.74 (38,885.23) (lncrease)/decrease in advances (161,381.01) (166,104.10) Jncrease/(decrease) in deposits 197,523.07 231.984.25 (lncrease)/decrease in other assets (629.15) (3,656.25) lncreose/(decreose) in other liabilities and provisions (2,829.50) 10,057.33 (ii) 69,682.15 33,396.00 Relund/(poyment) ol direct taxes (iii) (14,243.34) (11,085.11) Net cash flow from/(u1ed in) operating activities (i)+(ii)+(iii) (A) 122,356,51 81,656,60 Cash flow from/(used in) investing activities", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "22. Outs'tandina redeemable nreference shores \n.. \n.. \n.. \n. \n..", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "91c2863f91fd0633"}, {"chunk_id": "00376bd87307ed85", "content": "Redemntion/sole from/linvestmcnts inl subsidiaries tincludinq ooolication monev) (1,376.13) (2,823.93) Income from subsidiaries and consolidated entities 2,619.01 2,072.91 Purchase of fixed assets (3,370.45) (2,874.78) Proceeds from sale of fixed assets 59.63 54.48 (Purchose)/sale of held-to-maturity securities (67,513.87) (59,077.44) Net cash flow from/ (uscd in) investing activities (B) 169,581.81) (62,648,761 Cash flow from/(used in) financing activities Proceeds from issue of share capital (including ESOPs/ESUSs) 1.437.52 1,170.87 Proceeds from long-term borrowings 28,852.81 29,284.07 Repayment of long•tcrm borrowings (31.671.94) (32,033.91) Net proceeds/(repayment) of short-term borrowings 1,127.30 8,253.42 Dividend paid (7,041.26) (5,598.60) Net cash flow from/ (used in) financing activities (C) (7,295.571 1,075,85 Effect of exchange fluctuation on translation reserve (D) 156,86 404.05 (Net increase, ,aecrease) in casn and casK equ1va1enu (Al + (B) + (C) + (D) 45,635.99 20,487.74 Cash and cash equivalents at beginning of the year 139,926.01 119,438.27 Cash and caah equivolenta at end of the year 185,562.00 139,926.01 1. Cash and cash equivalents include cash in hand, foreign currency notes, rupee digital currency, balances with RBI, balances w ith other banks and money at coll and short notice. 1. The above standalone financial results hove been approved by the Boord of Directors ot its meeting held on April 19, 2025. 2.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "22. Outs'tandina redeemable nreference shores \n.. \n.. \n.. \n. \n..", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6b30653c19bc2613"}, {"chunk_id": "dbe5216df52c1800", "content": "and short notice. 1. The above standalone financial results hove been approved by the Boord of Directors ot its meeting held on April 19, 2025. 2. The standalone financial results hove been prepared in accordance with the recognition and measurement principles laid down in Accounting Standards prescribed under Section 133 of the Companies Act, 2013, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bonk of India (\"RBI\") from time to time and other accounting principles generally accepted in Indio, and ore in compliance with the presentation and disclosure requirements of the Regulation 33 and Regulation 52(4) read with Regulation 63 of the relevant circulars issued by SEBI from time to time. Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (\"SEBI Regulations\") as amended including 3. Details of resolution plans implemented under the Resolution Framework for Covid-19 related stress as per RBI circular dated August 6, 2020 (Resolution Framework 1.0) and Moy 5, 2021 (Resolution Framework 2.0) at Morch 31, 2025 are given below: Type of Borrower Exposure to accounts classified Of (A), Of (A) Of (A) amount Exposure to accounts implementation of resolution debt that written off borrowers consequent to as Standard consequent to aggregate amount paid by the classified as Standard plan - Position at September", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "22. Outs'tandina redeemable nreference shores \n.. \n.. \n.. \n. \n..", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6b30653c19bc2613"}, {"chunk_id": "d7023b4900c75a53", "content": "(A), Of (A) Of (A) amount Exposure to accounts implementation of resolution debt that written off borrowers consequent to as Standard consequent to aggregate amount paid by the classified as Standard plan - Position at September slipped into during H2- during H2- implementation of resolution 30, 2024 (A) NPA during 2025 20252 pion - Position at March 31, Personal Loans3 1,107.67 32.73 0.88 141.75 933.19 Corporate persons' 790.55 .. .. 212.46 578.09 Of which, MSMEs .. .. .. .. .. Others 350.75 6.57 0.31 51.96 292.22 Total 2,248.97 39.30 1.19 406.17 1,803.50 l. lncludcs cases which hove been written off during the penod. 3. lncludcs various categories of retail loons. 2. Net of increase in cxpo~urc during the period. 4. At March 31, 2025, the Bank holds contingency provision of ~ 13,100.00 crore (December 31, 2024 and Morch 31, 2024:\" 13,100.00 crore). 4. As defined in Section 3(7) of the Insolvency ond Bonkruptcy Code, 2016. 5. Details of loons sold/acquired by the Bonk cs per RBI Moster Direction on Transfer of Loan Exposures doted September 24, 2021 ore given below: o) Loans not in default (i) Details of loons not in default sold/acquired under assignment during the year ended March 31, 2025: '{ in crore Particulars Loans acquired Loans sold Amount of loan 9,195.05 592.49 Weiqhted averaae residual maturity (in years) 8.76 9.04 Weiqhted averoae holdinq period of the oriainator (in veers) 1.10 0.33 Retention of beneficial economic interest bv the oriainator 2,723.85 597.49 Tonqible securitv coveraae ltimesl 1.60 1.26 1.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "22. Outs'tandina redeemable nreference shores \n.. \n.. \n.. \n. \n..", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6b30653c19bc2613"}, {"chunk_id": "fc281c3027ce877c", "content": "8.76 9.04 Weiqhted averoae holdinq period of the oriainator (in veers) 1.10 0.33 Retention of beneficial economic interest bv the oriainator 2,723.85 597.49 Tonqible securitv coveraae ltimesl 1.60 1.26 1. In addition, the Bonk ho:; acquired fcc,lltics amounting to~ 650.86 crorc and hos sold fac1ht1es amounting to~ 60.00 crore during the year ended March 31, 2025 through novation. 3. The disclosure includes loans acquired through buyout and co-lending similar to direct assignment. 2. In addition, the Bonk has acquired facilities amounting to~ 362.70 crore through risk part1cipation in secondary morket. (ii) Details of rating-wise dist ribution of the loans sold/acquired under assignment during the year ended March 31, 2025: 't in crore Rating Loans acauired Loans sold Ind A-, A+, A,AA,AA+ 546.97 .. ICRA A,AA-,A+ 610.78 .. Crisil A.A+,AA,AA+ 45.25 592.49 1. Excluding retail and other unrated loans. b) Stressed loans (NPA and Special Mention Accounts) (i) Details of stressed loans classified as NPA sold by the Bank during the year ended March 31, 2025: 't in crore Particulars To ARCs To permitted transferees Number of accounts 40 .. Aaareaate arincioal autstondinq af loans transferred2 2,974.09 .. Weiqhted averaae residual tenor of the loans transferred3 .. .. Net book value of loans transferred lat the time of transferl2 14.43 .. Aaareqate consideration' 2,085.97 .. Additional consideration realized in respect of account s transferred in earlier years .. .. 1.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "22. Outs'tandina redeemable nreference shores \n.. \n.. \n.. \n. \n..", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6b30653c19bc2613"}, {"chunk_id": "3f8fc1f66697f0aa", "content": "Net book value of loans transferred lat the time of transferl2 14.43 .. Aaareqate consideration' 2,085.97 .. Additional consideration realized in respect of account s transferred in earlier years .. .. 1. Excess provision reversed in profit and loss account due to of sole of NPAs to ARCs was ~ 481.20 crore and no amount was transferred to other permitted transferees. 3. For NPAs, the Bank issues loan recall notice and initiates legal proceedings for recovery, due to which the weighted overage residual tenor is not applicable. 4. The Bonk continues to hold provision of~ 1,604.78 crore towards security receipts (SRs) received as a port of consideration. (ii) The Bank has not sold/acquired loans classified as Special Mention Account during the year the ended March 31, 2025. (iii) The Bank hos not acquired non-performing loons during the year ended March 31, 2025. (iv) Details of rating-wise distribution of SRs held by the Bank at March 31, 2025: Retina NAV estimate % RRl Above 100% RR2 Above 75% upto 100% RR3 Above 50% upto 75% RR4 Above 25% upto 50% RR5 Uata 25% Total 'tin crore Boak value 2. The Bonk holds marked-to-market loss of~ 297.22 crore and additional provision of\" 752.07 crore. 1. Amount represents net of provisions. 3. The Bonk continues to hold provision against the security receipts guaranteed by Government of Indio which will be reversed on actual receipt of recoveries or approval of claims, if any, by the Government.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "22. Outs'tandina redeemable nreference shores \n.. \n.. \n.. \n. \n..", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6b30653c19bc2613"}, {"chunk_id": "55b04f77c86ca162", "content": "The Bonk continues to hold provision against the security receipts guaranteed by Government of Indio which will be reversed on actual receipt of recoveries or approval of claims, if any, by the Government. 6. The Reserve Bonk of Indio, through its revised norms for Government guaranteed Security Receipts (SRs) issued on Morch 29, 2025, hos permitted banks to reverse any excess provision to the Profit and Loss Account in the year of transfer, if a loon is transferred to on ARC for a value higher than the net book value (NBV), and the sole consideration comprises only of cash and SRs guaranteed by the Government of Indio. Such SRs shall", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "22. Outs'tandina redeemable nreference shores \n.. \n.. \n.. \n. \n..", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6b30653c19bc2613"}, {"chunk_id": "ae5e27abca79a130", "content": "be valued periodically by reckoning the Net Asset Value declared by the ARC based on the recovery ratings received for such instruments. At March 31, 2025, the Bank held Government guaranteed SRs amounting to\" 1,694.45 crore, which were fully provided. The Bank, on a prudent basis, continues ta hold provision against such SRs which will be reversed on actual receipt of recoveries or approval of claims, if any, by the 7. There are no changes in the significant accounting policies applied during FY2025 as compared to those applied in FY2024 except for classification and measurement of investments by the Bank. With effect from April 1, 2024, the Bank has implemented Master Direction issued by the RBI on Classification. Valuation and Operation of investment Portfolio of Commercial Banks (Directions), 2023 ('RBI Directions') which hos introduced significant changes in the basis of classification and accounting of investments and recognition of fair valuation of gains and losses. Accordingly, in standalone financial results, the Bank hos accounted net transition gain of'! 2,058.31 crore (net of tax) and'! 1,156.10 crore (net of tax) in Available for Sale ('AFS') Reserve and General Reserve respectively in accordance with the RBI Directions. Subsequent changes in fair value of performing investments under AFS and Fair Value Through Pratt and Loss ('FVTPL') (including Held For", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "C \nTreasury \n137.562.04 \n142.951.22 \n137,386.24 \n137.562.04 \n137,386.24 \nd \nOther Banking \n7,538.02 \n7,052.63 \n6,212.00 \n7.538.02 \n6.212.00 \n• Unollocoted \n13.100 00 \n13.100,00 \n13.100.00 \n13.100.00 \n13,100.00 \nTotal Hgment liabilities \n1,828,103.87 \n1,741,700.19 \n1,833,115.26 \n1,826,183.67 \n1,833,115.26 \n5. Caoital emoloved \n292,070.30 \n271,842.94 \n238,399.32 \n292.070.30 \n238,399.32 \n6. Total 141+151 \n2,118,239.97 \n2,013,343.13 \n1,871,514.58 \n2,118,239.97 \n1,871,514.58", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "de1f08208852ad73"}, {"chunk_id": "d111cc0572612133", "content": "Subsequent changes in fair value of performing investments under AFS and Fair Value Through Pratt and Loss ('FVTPL') (including Held For Trading ('HFT)) categories at March 31, 2025 have been recognised through AFS Reserve and Profit and Loss account respectively. Accordingly, 8. Pursuant to the Scheme of Arrangement amongst ICICI Bonk Limited and ICICI Securities Limited and their respective shareholders ('the Scheme\"), the amounts for previous periods are not comparable. issued 56,008,117 equity shares af the Bank of face value '! 2 each in accordance with the Scheme to the public shareholders of ICICI Securities ICICI Securities Limited has been delisted from stack exchanges on March 24, 2025 and became a wholly-owned subsidiary of the Bonk. The Bank Limited. In accordance with the Scheme, the Bank recognised a securities premium of '! 6,887.60 crore based on the market price of equity shares (at effective date) of the Bank. Further, pursuant to the Scheme, the Bank granted 2,960,270 options and 618,910 units to the employees of ICICI 9. During Q4-2025, the Bonk has allotted 6,429,398 equity shares of\" 2 each pursuant to exercise of employee stock options/units. 10. The Boord of Directors has recommended a dividend of '{ 11 per equity share for FY2025. The declaration and payment of dividend is subject to 11.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "C \nTreasury \n137.562.04 \n142.951.22 \n137,386.24 \n137.562.04 \n137,386.24 \nd \nOther Banking \n7,538.02 \n7,052.63 \n6,212.00 \n7.538.02 \n6.212.00 \n• Unollocoted \n13.100 00 \n13.100,00 \n13.100.00 \n13.100.00 \n13,100.00 \nTotal Hgment liabilities \n1,828,103.87 \n1,741,700.19 \n1,833,115.26 \n1,826,183.67 \n1,833,115.26 \n5. Caoital emoloved \n292,070.30 \n271,842.94 \n238,399.32 \n292.070.30 \n238,399.32 \n6. Total 141+151 \n2,118,239.97 \n2,013,343.13 \n1,871,514.58 \n2,118,239.97 \n1,871,514.58", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "de1f08208852ad73"}, {"chunk_id": "88873603550ba993", "content": "10. The Boord of Directors has recommended a dividend of '{ 11 per equity share for FY2025. The declaration and payment of dividend is subject to 11. Previous period/year figures hove been re-grouped wherever necessary to conform to current period classification. 12. The joint statutory auditors, B S R & Co. LLP, Chartered Accountants and C N K & Associates LLP, Chartered Accountants, have reviewed/audited and issued on unmodified report on the standalone financial results for Q3-2025 and FY2025. The standalone financial results for FY2024 were audited by the joint statutory auditors, M S K A & Associates, Chartered Accountants and KKC & Associates LLP, Chartered Accountants, on which they hod issued unmodified opinion. 13. The amounts for Q4-2025 ore balancing figures between the figures as per the audited financial statements far FY2025 and the published figures for 9M-2025 and the amount for Q4-2024 ore balancing figures between the figures as per the audited financial statements for FY2024 and the published figures for 9M-2024. 14. '{ 1.00 crore = 'f 10.0 million. ~ in crore) Three month• ended Year ended March December March March March Sr. Particulars 31, 2025 31,2024 31, 2024 31, 2025 31, 2024 no. (Q4-2025)7 (Ql-2025) (Q4-2024)7 (FY2025) (FY2024) (Audited) (Unaudited) (Audited) (Audited) (Audited) 1. Segment revenue 0 Retail Banking 40.617.66 39.437.70 36.409.82 156,184.68 134,547.57 b Wholesale Banking 21,535.91 21,119.32 18,872.51 82.436.21 71,780.22 I C Treasury 34,778.14 34,047.54", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "C \nTreasury \n137.562.04 \n142.951.22 \n137,386.24 \n137.562.04 \n137,386.24 \nd \nOther Banking \n7,538.02 \n7,052.63 \n6,212.00 \n7.538.02 \n6.212.00 \n• Unollocoted \n13.100 00 \n13.100,00 \n13.100.00 \n13.100.00 \n13,100.00 \nTotal Hgment liabilities \n1,828,103.87 \n1,741,700.19 \n1,833,115.26 \n1,826,183.67 \n1,833,115.26 \n5. Caoital emoloved \n292,070.30 \n271,842.94 \n238,399.32 \n292.070.30 \n238,399.32 \n6. Total 141+151 \n2,118,239.97 \n2,013,343.13 \n1,871,514.58 \n2,118,239.97 \n1,871,514.58", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "de1f08208852ad73"}, {"chunk_id": "c9c7003eb6371de2", "content": "(Audited) (Unaudited) (Audited) (Audited) (Audited) 1. Segment revenue 0 Retail Banking 40.617.66 39.437.70 36.409.82 156,184.68 134,547.57 b Wholesale Banking 21,535.91 21,119.32 18,872.51 82.436.21 71,780.22 I C Treasury 34,778.14 34,047.54 30,321.23 135,052.58 113,959.22 d Other Banking 1,046.40 1,395.25 775.59 4,386.29 3,297.30 Total eegment revenue 97,978.11 95,999.81 88,379.15 378,059.78 323,584.31 Less: Inter scqmcnt revenue 48,287.24 47,631.94 42,782.01 186,289.28 157,735.60 Income from operations 49,090.87 48,307.87 43,597.14 191,770.48 105,848.71 2. Segmental results (1.e. Prof rt before tax) 0 Retail Banking 6.493.42 5,332.36 5.486.11 21.621.04 18.849.17 b Wholesale Banking 5,551.79 5,903.24 5,475.96 21,564.63 19.971.71 C Treasury 4.465.62 4,218.14 3,241.65 18.760.73 14.898.40 d Other Banking 262.72 206.16 116.54 669.80 768.55 Total aegment re1utta 10,773.55 15,859.90 14,320.26 112,018.20 54,487.83 3. Segment a11ets 0 Retail Banking 792.930.19 776.300 69 719.313.62 792,930.19 719,313.62 b Wholesale Banking 548,269.82 539,703.97 482,456.10 548,269.82 482,456.10 e Unallocated 4,747.23 4,973.77 6,597.28 4.747.23 6,597.28 Total 1cqment assets 2,118,239.97 2,013,343.13 1,871,514.58 2,118,239.97 1,871,514.58 4. Seqment liabilitiea C Treasury 721,695.52 642.457.98 628,256.14 721,695.52 628,256.14 d Other Banking 50.597.21 49.906.72 34.891.44 50.597.21 34,891.44 0 Retail Banking 1.111.966.22 1.075.549.50 1.019.845.49 1,111.966.22 1.019.845 49 b Wholesale Banking 555,997.39 503,046.84 456.571.53 555.997.39 456.571.53 C Treasury 137.562.04 142.951.22 137,386.24 137.562.04 137,386.24 d Other Banking 7,538.02 7,052.63 6,212.00 7.538.02 6.212.00 • Unollocoted", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "C \nTreasury \n137.562.04 \n142.951.22 \n137,386.24 \n137.562.04 \n137,386.24 \nd \nOther Banking \n7,538.02 \n7,052.63 \n6,212.00 \n7.538.02 \n6.212.00 \n• Unollocoted \n13.100 00 \n13.100,00 \n13.100.00 \n13.100.00 \n13,100.00 \nTotal Hgment liabilities \n1,828,103.87 \n1,741,700.19 \n1,833,115.26 \n1,826,183.67 \n1,833,115.26 \n5. Caoital emoloved \n292,070.30 \n271,842.94 \n238,399.32 \n292.070.30 \n238,399.32 \n6. Total 141+151 \n2,118,239.97 \n2,013,343.13 \n1,871,514.58 \n2,118,239.97 \n1,871,514.58", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "de1f08208852ad73"}, {"chunk_id": "0f8a654f6d453477", "content": "1,111.966.22 1.019.845 49 b Wholesale Banking 555,997.39 503,046.84 456.571.53 555.997.39 456.571.53 C Treasury 137.562.04 142.951.22 137,386.24 137.562.04 137,386.24 d Other Banking 7,538.02 7,052.63 6,212.00 7.538.02 6.212.00 • Unollocoted 13.100 00 13.100,00 13.100.00 13.100.00 13,100.00 Total Hgment liabilities 1,828,103.87 1,741,700.19 1,833,115.26 1,826,183.67 1,833,115.26 5. Caoital emoloved 292,070.30 271,842.94 238,399.32 292.070.30 238,399.32 6. Total 141+151 2,118,239.97 2,013,343.13 1,871,514.58 2,118,239.97 1,871,514.58 1. The disclosure on segmental reporting has been prepared in accordance with Securities and Exchange Board of India ISEBI) circular no. CIR/CFD/FAC/62/2016 doted July 5, 2016 on Revised Formats for Financial Results and Implementation of Ind AS by Listed Entities. 2. \"Retail Banking\" includes exposures of the Bank which satisfy the four criteria of orientation, product, granularity and low value of individual exposures for retail exposures as per RBI guidelines. This segment also includes income from credit cards, debit cards, third party product distribution and the associated costs. RBl's Master Direction on Financial Statements - Presentation and Disclosures, requires to sub-divide 'Retail banking' into lo) Digital Banking (as defined in RBI circular on Establishment of Digital Banking Units dated April 7, 20221 and (bl Other Retail Banking segment. Accordingly, the segmental results for retail banking segment is subdivided os below: Sr.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "C \nTreasury \n137.562.04 \n142.951.22 \n137,386.24 \n137.562.04 \n137,386.24 \nd \nOther Banking \n7,538.02 \n7,052.63 \n6,212.00 \n7.538.02 \n6.212.00 \n• Unollocoted \n13.100 00 \n13.100,00 \n13.100.00 \n13.100.00 \n13,100.00 \nTotal Hgment liabilities \n1,828,103.87 \n1,741,700.19 \n1,833,115.26 \n1,826,183.67 \n1,833,115.26 \n5. Caoital emoloved \n292,070.30 \n271,842.94 \n238,399.32 \n292.070.30 \n238,399.32 \n6. Total 141+151 \n2,118,239.97 \n2,013,343.13 \n1,871,514.58 \n2,118,239.97 \n1,871,514.58", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "de1f08208852ad73"}, {"chunk_id": "4c898c739e56c5d9", "content": "Accordingly, the segmental results for retail banking segment is subdivided os below: Sr. Particulars Segment Segment Segment Segment no. revenue results assets liabilities Iii Digital Banking 10,724.74 1,B76.32 145,agB.56 20B,og5_33 Retail Bankinq 40,617.66 5,4g3_42 792,930.19 1,111,966.22 (ii) Other Retail Banking 29,B92.92 4,617.10 647,031.63 go3,B70.Bg Retail Banking 3g,437_70 5,332.36 776,300.69 1.075.549.50 (il Digital Banking 10,193.B7 1,2og.75 137,sg7_og 203,4B7.7B", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "C \nTreasury \n137.562.04 \n142.951.22 \n137,386.24 \n137.562.04 \n137,386.24 \nd \nOther Banking \n7,538.02 \n7,052.63 \n6,212.00 \n7.538.02 \n6.212.00 \n• Unollocoted \n13.100 00 \n13.100,00 \n13.100.00 \n13.100.00 \n13,100.00 \nTotal Hgment liabilities \n1,828,103.87 \n1,741,700.19 \n1,833,115.26 \n1,826,183.67 \n1,833,115.26 \n5. Caoital emoloved \n292,070.30 \n271,842.94 \n238,399.32 \n292.070.30 \n238,399.32 \n6. Total 141+151 \n2,118,239.97 \n2,013,343.13 \n1,871,514.58 \n2,118,239.97 \n1,871,514.58", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "de1f08208852ad73"}, {"chunk_id": "ea25990dea4ad7b6", "content": "(ii) Other Retail Banking 2g,243.B3 4,122.61 63B,703.60 B72.061.72 IQ4-2oz4 Retail Banking 3s,4og.a2 5,4B6.11 71g,J13.62 1,01g,a45_4g (i) Digital Banking g,420.47 1,646.74 131,401.90 1B5,ssg_54 (iii Other Retail Banking 26,gBg.35 3,B3g_37 5B7,911.72 B34,2B5.B5 3. \"Wholesale Banking\" includes all advances to trusts, partnership firms, companies and statutory bodies, by the Bank which ore not included under 4. \"Treasury\" primarily includes the entire investment and derivative portfolio of the Bank. s. \"Other Banking\" includes leasing operations and other items not attributable to any particular business segment of the Bank. 7. The amounts for Q4-2025 are balancing figures between the figures as per the audited financial statements for FY2025 and the published figures 6. \"Unallocated\" includes items such as tax paid in advance net of provision, deferred tax and provisions to the extent reckoned at the entity level. for gM-2025 and the amount for Q4-2024 are balancing figures between the figures os per the audited financial statements for FY2024 and the published figures for gM-2024. For and on behalf of the Board of Directors Rakesh Jha Executive Director DIN-00042075 Mumbai April 19, 2025 ICICI Bank Limited CIN-L65190GJ1994PLC021012 Registered Office: ICICI Bank Tower, Near Chakli Circle, Old Padro Road, Vododora - 390 007, Gujarat, Phone: 0265-6722239 Corporate Office: ICICI Bank Towers. Bandra-Kurlo Complex, Mumbai - 400 051, Maharashtra, Phone: 022-40088900", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "C \nTreasury \n137.562.04 \n142.951.22 \n137,386.24 \n137.562.04 \n137,386.24 \nd \nOther Banking \n7,538.02 \n7,052.63 \n6,212.00 \n7.538.02 \n6.212.00 \n• Unollocoted \n13.100 00 \n13.100,00 \n13.100.00 \n13.100.00 \n13,100.00 \nTotal Hgment liabilities \n1,828,103.87 \n1,741,700.19 \n1,833,115.26 \n1,826,183.67 \n1,833,115.26 \n5. Caoital emoloved \n292,070.30 \n271,842.94 \n238,399.32 \n292.070.30 \n238,399.32 \n6. Total 141+151 \n2,118,239.97 \n2,013,343.13 \n1,871,514.58 \n2,118,239.97 \n1,871,514.58", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c1c308c2a719e1c1"}, {"chunk_id": "31dd83dddd5d82f7", "content": "Corporate Office: ICICI Bank Towers. Bandra-Kurlo Complex, Mumbai - 400 051, Maharashtra, Phone: 022-40088900 Website: www.icicibank.com, Email: companysccretory@icicibank.com CONSOLIDATED FINANCIAL RESULTS ('! in crcre) Three months ended Year ended March December March March March Particulars 31, 2025 31, 2024 31, 2024 31, 2025 31, 2024 IQ4•2025)u (Q3-2025) IQ4-2024lu fFY20251 fFY20241 (Audited) (Unaudited) (Audited) (Audited) (Audited) Interest earned fal+lb)+(c)+(d) 48,386.92 47,037.12 42,606.72 186.331.47 159,515.92 a) Interest/discount on advances/bills 34,547.45 33,799.92 30,970.34 133,243.71 116,589.78 bl Income on investments 11,928.09 11,778.83 10.473.02 47.302.54 38,107.07 c) Interest on balances with Reserve Bonk of India and other inter•bank funds 1,052.19 822.27 687.25 3,428.66 2.649.88 dl Others 859.19 636.10 476.11 2,356.56 2,169.19 Other income fel+ffl 31,360.85 27,589.44 24,574.98 108,255 47 76,521.80 el Premium and other operatino income from insurance business 22.372.74 18,181.62 16,889.16 70,900.83 45,852.81 fl Others 8.988.11 9,407.82 7,685.82 37,354.64 30,668.99 TOTAL INCOME f1l+l2l 79,747.77 74,626,56 67,181.70 294,586,94 236,037.72 Interest excended 23,047.32 22,633.41 20.423.73 89,027.65 74,108.16 Oceratina excenses lal+lhl+lil 36,647.64 32,242.27 29,906.42 127,799.98 97,782.79 a) Emolovee cost 5,797.01 5,673.89 4,949.23 23,629.94 19,171.98 h) Claims and benefits paid and other expenses pertaining to insurance bu!.ine!.s 22,933.43 18.884.48 17,933.79 73,806.18 50.260.12 il Other oceratinq excenscs 7,917.20 7.683.90 7,023.40 30,363.86 28,350.69", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "C \nTreasury \n137.562.04 \n142.951.22 \n137,386.24 \n137.562.04 \n137,386.24 \nd \nOther Banking \n7,538.02 \n7,052.63 \n6,212.00 \n7.538.02 \n6.212.00 \n• Unollocoted \n13.100 00 \n13.100,00 \n13.100.00 \n13.100.00 \n13,100.00 \nTotal Hgment liabilities \n1,828,103.87 \n1,741,700.19 \n1,833,115.26 \n1,826,183.67 \n1,833,115.26 \n5. Caoital emoloved \n292,070.30 \n271,842.94 \n238,399.32 \n292.070.30 \n238,399.32 \n6. Total 141+151 \n2,118,239.97 \n2,013,343.13 \n1,871,514.58 \n2,118,239.97 \n1,871,514.58", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c1c308c2a719e1c1"}, {"chunk_id": "bab889c6ebe48962", "content": "23,629.94 19,171.98 h) Claims and benefits paid and other expenses pertaining to insurance bu!.ine!.s 22,933.43 18.884.48 17,933.79 73,806.18 50.260.12 il Other oceratinq excenscs 7,917.20 7.683.90 7,023.40 30,363.86 28,350.69 TOTAL EXPENDITURE EXCLUDING PROVISIONS AND CONTINGENCIES lt41+151 59,694,96 54,875.68 OPERATING PROFIT BEFORE PROVISIONS ANO CONTINGENCIES 50,330.15 216,827.63 171,890,95 1,~1-1,;1 20,052.81 19,750.88 16,851.55 77,759.31 64,146.77 Provisions (other than taxi and continaencies 940.13 1,267.86 697.91 4,905.76 3,712.41 PROFIT FROM ORDINARY ACTIVITIES BEFORE EXCEPTIONAL ITEMS AND ITl>.Y 171-181 19,112.68 18.483.02 16,153.64 72,853.55 60,434.36 Exceptional items .. .. .. .. .. Add: Share cf crafit in associates 30.32 18.28 227.32 150.66 1,073.77 PROFIT FROM ORDINARY ACTIVITIES BEFORE TAX AND MINORITY I IIJTCRl'C:T /Q\\_/101+11 11 19,143.00 18,501.30 16,380.96 73,004.21 61,508.13 Tax expense til+lkl 4,789,31 4,654.41 4,180.91 18,434.83 15.427.62 ii Current tax 4,390.79 4,797.23 2,736.77 17,497.17 13,693,30 kl Deferred tax 398.52 (142.82) 1,444.14 937.66 1,734.32 Less: Share of crafit/llossl al minoritv shareholders 851.47 963.52 528.53 3,540.18 1,824.14 NET PROFIT FROM ORDINARY ACTIVITIES AFTER TAX 112l-113H l41 13,502.22 12,883.37 11,671.52 51,029.20 44,256.37 Extraordinary items (net of tax exnense) .. . . .. .. . . NET PROFIT FOR THE PERIOD (15)-(16) 13,502.22 12,883,37 11,67L52 51,029,20 44,256.37 Paid-uo eauitv share cacital lfoce value 't 2/- ea chi 1.424.60 1.412.11 1,404.68 1,424.60 1,404.68 Reserves excludinci revaluation reserves 306,631.95", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "C \nTreasury \n137.562.04 \n142.951.22 \n137,386.24 \n137.562.04 \n137,386.24 \nd \nOther Banking \n7,538.02 \n7,052.63 \n6,212.00 \n7.538.02 \n6.212.00 \n• Unollocoted \n13.100 00 \n13.100,00 \n13.100.00 \n13.100.00 \n13,100.00 \nTotal Hgment liabilities \n1,828,103.87 \n1,741,700.19 \n1,833,115.26 \n1,826,183.67 \n1,833,115.26 \n5. Caoital emoloved \n292,070.30 \n271,842.94 \n238,399.32 \n292.070.30 \n238,399.32 \n6. Total 141+151 \n2,118,239.97 \n2,013,343.13 \n1,871,514.58 \n2,118,239.97 \n1,871,514.58", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c1c308c2a719e1c1"}, {"chunk_id": "bcf6312e5e99d3a6", "content": "13,502.22 12,883,37 11,67L52 51,029,20 44,256.37 Paid-uo eauitv share cacital lfoce value 't 2/- ea chi 1.424.60 1.412.11 1,404.68 1,424.60 1,404.68 Reserves excludinci revaluation reserves 306,631.95 250,222.56 EarninQs cer shore IEPSl 19.11 18.26 16.63 72.41 63.19 Diluted EPS bclcre and after extraordinary items, net al tax expense (in '!) Basic EPS before and after extraordinary items, net of tax expense (in \"I 18.84 17.95 16.32 71.14 61.96 (\" in crore) At March December March Particulars 31, 2025 31, 2024 31, 2024 (Audited) (Unaudited) (Audited) Capital and Liabilities Capitol 1,424.60 1,412.11 1,404.68 Employees stock options/units outstanding 2,069.84 1,801.66 1,405.32 Reserves and surplus 310.411.47 289.472.72 253.333.84 Minority intcrc~t 14,836.74 15,642.90 13,888.42 Deposits 1,641,637.40 1,551,165.62 1.443.579.95 Borrowings (includes subordinated debt) 218,883.44 217,007.20 207,428.00 Policyholders' funds 294,305.56 294,558.26 281,318.33 Other liabilities and provisions 158,672.36 160,427.09 161,704.49 Total Capital and Liabilities 2,642,241.41 2,531,487.56 2,364,063.03 Assets Cash and balances w ith Reserve Bonk of Indio 120.240.91 75,931.64 89,943.02 Balances with banks and money at coll and short notice 93,782.55 96,580.68 72,825.88 Investments 886,376 81 B49.417.41 827.162.51 Other assets 96,905.58 94,689.56 97,640.98 Goodwill on consolidation 8.459.43 2,910.18 2.474.16 Total Assets 2,642,241.41 2,531,487.56 2,364,063.03 Advances 1,420,663.71 1,397,265.27 1,260,776.20 Fixed assets 15,812.42 14,692.82 13.240.28 ('l in crore) Year ended March March Particulars 31, 2025 31,2024 IFY2025l", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "C \nTreasury \n137.562.04 \n142.951.22 \n137,386.24 \n137.562.04 \n137,386.24 \nd \nOther Banking \n7,538.02 \n7,052.63 \n6,212.00 \n7.538.02 \n6.212.00 \n• Unollocoted \n13.100 00 \n13.100,00 \n13.100.00 \n13.100.00 \n13,100.00 \nTotal Hgment liabilities \n1,828,103.87 \n1,741,700.19 \n1,833,115.26 \n1,826,183.67 \n1,833,115.26 \n5. Caoital emoloved \n292,070.30 \n271,842.94 \n238,399.32 \n292.070.30 \n238,399.32 \n6. Total 141+151 \n2,118,239.97 \n2,013,343.13 \n1,871,514.58 \n2,118,239.97 \n1,871,514.58", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c1c308c2a719e1c1"}, {"chunk_id": "0fdc8b2941ec7570", "content": "2,910.18 2.474.16 Total Assets 2,642,241.41 2,531,487.56 2,364,063.03 Advances 1,420,663.71 1,397,265.27 1,260,776.20 Fixed assets 15,812.42 14,692.82 13.240.28 ('l in crore) Year ended March March Particulars 31, 2025 31,2024 IFY2025l IFY2024l (Audited) (Audited) Cash flow from/(u1ed in) operating activities Profit/(loss) before taxes 69.464.03 59,683.99 Depreciation and amortisation 2,690.38 1.995 89 Net loocreciotionl/decreciotion on investments (102.32) 1,617.20 Provi!iion in respect of non•perlorming a nd other assets 4,127.25 963.57 General provision for standard assets 701.14 1,165.85 Provision for contingencies & others (722.74) 878.02 (Prof it)noss on sale of fixed assets (43.91) (14.41) Employees stock options expense 790.15 702.91 (ii 76,903.98 66,993.02 Adjustments far. (lncrease)/decreose in investments 7,501.41 16,735.53 (tncreasc)/dccrease in advances (164,019.75) (178,264.68) lncrease/(decrease) in deposits 198,057.45 232,993.01 (lncrease)/decreose in other asset:; (517.64) 1,881.88 lncrease/(decrease) in other liabilities and provisions 22,996.27 30,289,32 (ii) 64.017,74 103,635.06 Refund/(payment) of direct taxes (iii) (18,116 46) (13,343.60) Net cash flow fram/(used in) operating activities (i)+(ii)+(iii) (A) 122,805.26 157,284.48 Cash flow from/(uacd in) investing activities", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "C \nTreasury \n137.562.04 \n142.951.22 \n137,386.24 \n137.562.04 \n137,386.24 \nd \nOther Banking \n7,538.02 \n7,052.63 \n6,212.00 \n7.538.02 \n6.212.00 \n• Unollocoted \n13.100 00 \n13.100,00 \n13.100.00 \n13.100.00 \n13,100.00 \nTotal Hgment liabilities \n1,828,103.87 \n1,741,700.19 \n1,833,115.26 \n1,826,183.67 \n1,833,115.26 \n5. Caoital emoloved \n292,070.30 \n271,842.94 \n238,399.32 \n292.070.30 \n238,399.32 \n6. Total 141+151 \n2,118,239.97 \n2,013,343.13 \n1,871,514.58 \n2,118,239.97 \n1,871,514.58", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c1c308c2a719e1c1"}, {"chunk_id": "942e57d8cf5212fc", "content": "Purchase of fixed assets (4,770.00) (3,678.54) Proceeds from sale of lixed assets 64.61 69.89 (Purchase)/sole of held to maturity securities (72.582.97) (142,322.44) Net cash flow from/(used in) investing activities (8) (77,288.36) (145,931.09) Cash flow from/(used in) financing activities Proceeds from issue of shore capitol (including ESOPs) 1.437.52 1.170.87 Proceeds from long-term borrowings 40,446 49 39.196.82 Repayment of long-term borrowings (39,933.10) (39,146.88) Net proceeds/(repayment) of short-term borrowings 10,679.59 18,142.30 Dividend paid (7,041.27) (5,598.60) Net cash flow from/(used in) financing activities (C) 5,589.23 13,764.51 Effect of exchange fluctuation on trantlation rctcrvc (DI 148.43 423.« I Net 1ncrea1e/ (aec.rea1eJ 1n ca, n ana ca,n equ1va1enh (A) + (8) + (C) + (D) 51,254.56 25,541.34 Cash and cash equivalentt at beginning of the year 162,768,90 136,456,49 Add: Addition of ICICI Lombard General Insurance Company Limited and I-Process Services (India) Private Limited as a subsidiary in consolidation during the year .. 771,07 Cash and cash equivalents at end of the year 214,023.46 162,768.90 2. Cash ond cash equivalents include cash in hand, foreign currency notes. rupee digital currency. balances with RBI. balances with other banks ond money at call 1. Including odjustcmcnts for oncrcase/(decrease) on Policyholders' funds. Notes on consolidated financial results: 1.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "C \nTreasury \n137.562.04 \n142.951.22 \n137,386.24 \n137.562.04 \n137,386.24 \nd \nOther Banking \n7,538.02 \n7,052.63 \n6,212.00 \n7.538.02 \n6.212.00 \n• Unollocoted \n13.100 00 \n13.100,00 \n13.100.00 \n13.100.00 \n13,100.00 \nTotal Hgment liabilities \n1,828,103.87 \n1,741,700.19 \n1,833,115.26 \n1,826,183.67 \n1,833,115.26 \n5. Caoital emoloved \n292,070.30 \n271,842.94 \n238,399.32 \n292.070.30 \n238,399.32 \n6. Total 141+151 \n2,118,239.97 \n2,013,343.13 \n1,871,514.58 \n2,118,239.97 \n1,871,514.58", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c0a2da55b9e20291"}, {"chunk_id": "a50212588f6b6590", "content": "1. Including odjustcmcnts for oncrcase/(decrease) on Policyholders' funds. Notes on consolidated financial results: 1. The above consolidated financial results have been approved by the Board of Directors at its meeting held on April 19. 2025. 2. The consolidated financial results have been prepared in accordance with the recognition and measurement principles laid down in Accounting Standards prescribed under Section 133 of the Companies Act. 2013. the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bank of India (\"the RBI\") from time ta time. the Insurance Regulatory and Development Authority of India ('the IRDAI') (Preparation of Financial Statements and Auditors Report of Insurance companies) Regulations, 2002 ('IRDAI Guidelines') applicable for insurance entities and other accounting principles generally accepted in Indio and, in case of overseas jurisdictions. generally accepted accounting principles as opplicoble. end ore in compliance with the presentation and disclosure requirements of the Regulation 33 and Regulation 52(4) read with Regulation 63 of the Securities Exchange Board of India (Listing Obligations end Disclosure Requirements) Regulations, 2015 (\"SEBI Regulations\") as amended including relevant circulars issued by SEBI from time to time. 3.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "C \nTreasury \n137.562.04 \n142.951.22 \n137,386.24 \n137.562.04 \n137,386.24 \nd \nOther Banking \n7,538.02 \n7,052.63 \n6,212.00 \n7.538.02 \n6.212.00 \n• Unollocoted \n13.100 00 \n13.100,00 \n13.100.00 \n13.100.00 \n13,100.00 \nTotal Hgment liabilities \n1,828,103.87 \n1,741,700.19 \n1,833,115.26 \n1,826,183.67 \n1,833,115.26 \n5. Caoital emoloved \n292,070.30 \n271,842.94 \n238,399.32 \n292.070.30 \n238,399.32 \n6. Total 141+151 \n2,118,239.97 \n2,013,343.13 \n1,871,514.58 \n2,118,239.97 \n1,871,514.58", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c0a2da55b9e20291"}, {"chunk_id": "2bc41b5dd18285c8", "content": "2015 (\"SEBI Regulations\") as amended including relevant circulars issued by SEBI from time to time. 3. There are no changes in the significant accounting policies applied during FY2025 cs compared to those applied in FY2024 except for classification and measurement of investments. With effect from April 1, 2024, the Bank has implemented Moster Direction issued by the RBI an Classification, Valuation and Operation af investment Portfolio of Commercial Banks (Directions), 2023 ('RBI Directions') which has introduced significant changes in the basis of classification and accounting of investments and recognition of fair valuation of gains and losses. For the purpose of consolidation, the domestic graup entities (except insurance subsidiaries), have aligned with the Bank's accounting policies including the aforesaid RBI Directions. Accordingly, the Group hos accounted net transition gain of 'l! 2,058.31 crore (net of tax and minority interest) and\" 1,408.29 crore (net of tax and minority interest) in AFS Reserve and General Reserve respectively in accordance w ith the RBI Directions. Subsequent changes in fair value of performing investments under AFS and Fair Value Through Proft and Loss ('FVTPL') (including Held For Trading ('HFTI) categories at Morch 31. 2025 hove been recognised through AFS Reserve and Profit and Loss account respectively. Accordingly, the amounts for previous periods are not 4.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "C \nTreasury \n137.562.04 \n142.951.22 \n137,386.24 \n137.562.04 \n137,386.24 \nd \nOther Banking \n7,538.02 \n7,052.63 \n6,212.00 \n7.538.02 \n6.212.00 \n• Unollocoted \n13.100 00 \n13.100,00 \n13.100.00 \n13.100.00 \n13,100.00 \nTotal Hgment liabilities \n1,828,103.87 \n1,741,700.19 \n1,833,115.26 \n1,826,183.67 \n1,833,115.26 \n5. Caoital emoloved \n292,070.30 \n271,842.94 \n238,399.32 \n292.070.30 \n238,399.32 \n6. Total 141+151 \n2,118,239.97 \n2,013,343.13 \n1,871,514.58 \n2,118,239.97 \n1,871,514.58", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c0a2da55b9e20291"}, {"chunk_id": "663bf05460dccba9", "content": "2025 hove been recognised through AFS Reserve and Profit and Loss account respectively. Accordingly, the amounts for previous periods are not 4. During Q4-2025, the Bank hos allotted 6,429,398 equity shares af 't 2 each pursuant to exercise of employee stack options/units. 5. At March 31, 2025, the Bank hos 18 subsidiaries (including three step-down subsidiaries) and six associates. 6. Pursuant ta the Scheme of Arrangement amongst ICICI Bank Limited and ICICI Securities Limited and their respective shareholders ('the Scheme'), ICICI Securities Limited hos been delisted from stock exchanges on Morch 24, 2025 and become a wholly-owned subsidiary of the Bank. The Bank issued 56,008,117 equity shares of the Bonk of face value 't 2 each in accordance with the Scheme to the public shareholders of ICICI Securities Limited. In accordance with the Scheme, the Bank recognised a securities premium of'{ 6,887.60 crore based an the market price of equity shares Securities Limited. Accordingly, the Bank recognised a goodwill of '! 5,549.25 crore in consolidated financial statements at March 31, 2025 on (at effective date) of the Bank. Further, pursuant to the Scheme, the Bank granted 2,960,270 options and 618,910 units to the employees of ICICI account of acquisition of additional stake in ICICI Securities Limited. 7.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "C \nTreasury \n137.562.04 \n142.951.22 \n137,386.24 \n137.562.04 \n137,386.24 \nd \nOther Banking \n7,538.02 \n7,052.63 \n6,212.00 \n7.538.02 \n6.212.00 \n• Unollocoted \n13.100 00 \n13.100,00 \n13.100.00 \n13.100.00 \n13,100.00 \nTotal Hgment liabilities \n1,828,103.87 \n1,741,700.19 \n1,833,115.26 \n1,826,183.67 \n1,833,115.26 \n5. Caoital emoloved \n292,070.30 \n271,842.94 \n238,399.32 \n292.070.30 \n238,399.32 \n6. Total 141+151 \n2,118,239.97 \n2,013,343.13 \n1,871,514.58 \n2,118,239.97 \n1,871,514.58", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c0a2da55b9e20291"}, {"chunk_id": "25e767cc15573617", "content": "Further, pursuant to the Scheme, the Bank granted 2,960,270 options and 618,910 units to the employees of ICICI account of acquisition of additional stake in ICICI Securities Limited. 7. ICICI Lombard General Insurance Company Limited ceased to be an associate and became o subsidiary of the Bonk effective from February 29, Subsequently, I-Process Services (India) Private Limited became a whally-awned subsidiary of the Bonk effective from Morch 22, 2024. Further, on March 24, 2025, ICICI Securities Limited has became a wholly-owned subsidiary of the Bank. Accordingly, the consolidated financial results far Q3- 2024. I-Process Services (India) Private Limited ceased to be on associate and became a subsidiary of the Bank effective from March 20, 2024. 2025, Q4-2025 and FY2025 ore not comparable with the previous periods/year. 8. In accordance with RBI guidelines, consolidated Pillar 3 disclosure (unaudited), leverage ratio, liquidity coverage ratio, net stable funding ratio is available at https://www.icicibank.com/regulatory-disclosure.page. 9. Previous period/year figures hove been re-grouped wherever necessary to conform to current period classification. 10. The joint statutory auditors, B S R & Co. LLP, Chartered Accountants and C N K & Associates LLP, Chartered Accountants, have reviewed/audited end issued an unmodified report on the consoildoted financial results for Q3-2025 and FY2025.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "C \nTreasury \n137.562.04 \n142.951.22 \n137,386.24 \n137.562.04 \n137,386.24 \nd \nOther Banking \n7,538.02 \n7,052.63 \n6,212.00 \n7.538.02 \n6.212.00 \n• Unollocoted \n13.100 00 \n13.100,00 \n13.100.00 \n13.100.00 \n13,100.00 \nTotal Hgment liabilities \n1,828,103.87 \n1,741,700.19 \n1,833,115.26 \n1,826,183.67 \n1,833,115.26 \n5. Caoital emoloved \n292,070.30 \n271,842.94 \n238,399.32 \n292.070.30 \n238,399.32 \n6. Total 141+151 \n2,118,239.97 \n2,013,343.13 \n1,871,514.58 \n2,118,239.97 \n1,871,514.58", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c0a2da55b9e20291"}, {"chunk_id": "38bd7852735ebd47", "content": "LLP, Chartered Accountants and C N K & Associates LLP, Chartered Accountants, have reviewed/audited end issued an unmodified report on the consoildoted financial results for Q3-2025 and FY2025. The consolidated financial results for FY2024 were they had issued unmodified opinion. 11. The amounts for Q4-2025 are balancing figures between the figures as per the audited financial statements for FY2025 and the published figures for 9M-2025 and the amount for Q4-2024 are balancing figures between the figures as per the audited financial statements for FY2024 end the audited by the joint statutory auditors, MS KA & Associates, Chartered Accountants and KKC & Associates LLP, Chartered Accountants, on which 12. 't 1.00 crore = 'f 10.0 million. published figures for 9M-2024. ~ in crarc) Three months ended Year ended Maren December Maren Moren Morch Sr. Particulars 31, 2025 31,2024 31, 2024 31, 2025 31, 2024 no. (Q4-2025)u (Ql-2025) (Q4-2024)u (FY2025) (FY2024) IAuditedl IUnoudited1 fAuditedl fAuditedl IAuditedl 1. Seament revenue", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "C \nTreasury \n137.562.04 \n142.951.22 \n137,386.24 \n137.562.04 \n137,386.24 \nd \nOther Banking \n7,538.02 \n7,052.63 \n6,212.00 \n7.538.02 \n6.212.00 \n• Unollocoted \n13.100 00 \n13.100,00 \n13.100.00 \n13.100.00 \n13,100.00 \nTotal Hgment liabilities \n1,828,103.87 \n1,741,700.19 \n1,833,115.26 \n1,826,183.67 \n1,833,115.26 \n5. Caoital emoloved \n292,070.30 \n271,842.94 \n238,399.32 \n292.070.30 \n238,399.32 \n6. Total 141+151 \n2,118,239.97 \n2,013,343.13 \n1,871,514.58 \n2,118,239.97 \n1,871,514.58", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c0a2da55b9e20291"}, {"chunk_id": "0307f0cb4fb2facc", "content": "a Retail Bankina 40.617.66 39 437.70 36 409.82 156184.68 134.547.57 b Wholesale Bonkino 21.535.91 21.119.32 18.872.51 82.436.21 71.780.22 C Treasury 34,775.09 34,051.79 30.321.38 135.042.31 113.701.83 d Other Banking 1.763.55 2.171.80 1.591.49 7,508.32 6,403.40 Q Others 4.652.09 4.559.87 4.012.27 18,832.65 14,036.87 e Life Insurance 19.449.14 15,550.99 17,735.16 60.224.24 54.236.13 f General Insurance 6.466.22 6.462.35 1,895.81 25,651.09 1,895.81 Less: Inter seament revenue 49.511.89 48.727.26 43.656.74 191,292.56 160 564.11 Income from ooerations 79 747.77 74 626.56 67181.70 294 586.94 236 037.72 2. Segmental ret ufta (i.e. Profit before tax and minoritv interest) a Retail Bankina 6 493.42 5 332.36 5 486.11 21.621.04 18,849.17 b Wholesale Bonkina 5.551.79 5,903.24 5.475.96 21.564.63 19.971.71 Total 1eC1ment revenue 129,259.66 123,353.82 110,838.« 485,879.50 396 601.83 d Other Bankino 408.63 421.68 361.14 1451.19 1638 40 C Treasury 4.462.54 4,222.35 3,241.76 18,750.32 14.640.88 e Life Insurance 414.12 375.72 234.34 1.336.43 923.23 f General Insurance 668.18 960.09 220.47 3,321.29 220.47 Q Others 1.784.33 1.791.61 1,622.90 7.423.08 6,009.70 Total segment results 19 783.01 19 007.05 16 642.68 75 467.98 62 253.56 Less: Inter seament adjustment 670.33 524.03 489.04 2.614.43 1,819.20 Add: Share of crofit in associates 30.32 18.28 227.32 150.66 1,073.77 Profit before tax and minoritv interest 19,143.00 18,501.30 16,380.96 73,004.21 61,508.13 3. Segment auets 0 Retail Banking 792.930.19 776.300.69 719.313.62 792.930.19 719.313.62 b Wholesale Bankina 548,269.82 539,703.97 482,456.10 548,269.82 482.456.10 d Other Banking I 102.559.47 101.630.96 89,305.62 102.559.47 89.305.62 e", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "C \nTreasury \nI \n164.653.06 \n169.403.66 \n166.411.24 \n164,653.06 \n166.411.24", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ed8a8babec13583c"}, {"chunk_id": "73953b7515b781c3", "content": "61,508.13 3. Segment auets 0 Retail Banking 792.930.19 776.300.69 719.313.62 792.930.19 719.313.62 b Wholesale Bankina 548,269.82 539,703.97 482,456.10 548,269.82 482.456.10 d Other Banking I 102.559.47 101.630.96 89,305.62 102.559.47 89.305.62 e Life Insurance 314.088.54 313.562.01 298.795.29 314.088.54 298,795.29 f General Insurance 68,561.74 67.543.65 62.831.70 68,561.74 62,831.70 C Treasury 722.733.26 643.464 46 634,054.80 722.733.26 634,054 80 g Others 102.968.20 96.324.74 87.996.61 102.968.20 87.996.61 h Una llocated 5,533.91 5,850.67 7.571.17 5.533.91 7,571.17 Total 2,657,645.13 2,544,381.15 2,382 324.91 2,657,645.13 2,382,324.91 Less: Inter segment adiustment 15.403.72 12,893.59 18.261.88 15.403.72 18.261.88 Total 1egment assets 2,642,241.41 2,531,487.56 2,364,063.03 2,642,241.41 2,364,063.03 4. Seament liabilitiu a Retail Bonkina 1.111,966.22 1.075,549.50 1.019.845.49 1.111.966.22 1.019.845.49 b Wholesale Banking 555.997.39 503.046.84 456.571.53 555,997.39 456,571.53 C Treasury I 164.653.06 169.403.66 166.411.24 164,653.06 166.411.24 d Other Banking 53.777.64 52,902.37 55.134.33 53.777.64 55.134.33 e Life Insurance 302.298.83 302.174 49 287.991.47 302.298 83 287.991.47 f General Insurance 54.036.44 53,531.30 50,358.96 54.036 44 50,358.96 a Others 87.909.64 81.986.50 76.768.05 87,909.64 76.768.05 h Una llocated 13.100.00 13.100.00 13.100.00 13.100 00 13.100.00 Toto! 2 343,739.22 2,251,694.66 2,126 181.07 2 343,739.22 2,126 181.07 Less: Inter seomcnt odiustmcnt 15.403.72 12.893.59 18.261.88 15.403.72 18,261.88 Total 1eqment liabilities 2,328,335.50 2,238,801.07 2,107,919.19 2,328,335.50 2,107,919.19 s. CaDitol emDloved 313.905.91 292,686.49", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "C \nTreasury \nI \n164.653.06 \n169.403.66 \n166.411.24 \n164,653.06 \n166.411.24", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ed8a8babec13583c"}, {"chunk_id": "e80d97e778feddd6", "content": "2,126 181.07 Less: Inter seomcnt odiustmcnt 15.403.72 12.893.59 18.261.88 15.403.72 18,261.88 Total 1eqment liabilities 2,328,335.50 2,238,801.07 2,107,919.19 2,328,335.50 2,107,919.19 s. CaDitol emDloved 313.905.91 292,686.49 256,143.84 313,905.91 256,143.84 6. Totol 141+(51 2,642,241.41 2,531,487.56 2,364,063.03 2,642,241.41 2,364,063.03 1. The disclosure on segmental reporting hos been prepared in accordance with Securities and Exchange Board of India (SEBI) circular no. 2. 'Retail Banking' includes exposures of the Bank which satisfy the four criteria af orientation, product, granularity and low value of individual exposures for CIR/CFD/FAC/62/2016 dated July 5, 2016 on Revised Formats for Financial Results and Implementation af Ind AS by Listed Entities. retail exposures as per RBI guidelines. This segment also includes income from credit cards. debit cards. third party product distribution and t he associated costs. 3. 'Wholesale Banking' includes all advances ta trusts, partnership firms, companies and statutory bodies, by the Bank which are not included under Retail Banking. 4. 'Treasury' primarily includes the entire investment and derivative portfolio al t he Bank. 5. 'Other Banking' includes leasing operations and other items not attributable ta any particular business segment al the Bank. Further, it includes the Bank's 6. 'Life Insurance' represents ICICI Prudential Life Insurance Company Limited. banking subsidiarie, i.e.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "C \nTreasury \nI \n164.653.06 \n169.403.66 \n166.411.24 \n164,653.06 \n166.411.24", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ed8a8babec13583c"}, {"chunk_id": "8706260fecd10e07", "content": "Further, it includes the Bank's 6. 'Life Insurance' represents ICICI Prudential Life Insurance Company Limited. banking subsidiarie, i.e. ICICI Bank UK PLC and ICICI Bank Canada. 7. 'General Insurance' represents ICICI Lombard General Insurance Company Limited. 8. 'Others' comprises the consolidated entities af the Bonk, not covered in any of the segments above. 9. 'Unallocated' includes items such as tax paid in advance net of provision, deferred tax and provisions ta the extent reckoned at the entity level. 10. ICICI Lombard General Insurance Company Limited ceased ta be an associate and became a subsidiary of the Bank effective from February 29, 2024. I- Process Services (India) Private Limited ceased ta be an associate and became a subsidiary of the Bank effective from March 20, 2024. Subsequently, I- Process Services (India) Private Limited became a wholly-owned subsidiary af the Bank effective from March 22, 2024. Further, an March 24, 2025, ICICI FY2025 ore not comparable with the previous periods/year. Securities Limited has become a wholly-owned subsidiary of the Bank. Accordingly, the consolidated segmental results far Q3-2025, Q4 -2025 and 11. The amounts for Q4-2025 are balancing figures between the figures as per the audited financial statements for FY2025 and the published figures for 9M-", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "C \nTreasury \nI \n164.653.06 \n169.403.66 \n166.411.24 \n164,653.06 \n166.411.24", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ed8a8babec13583c"}, {"chunk_id": "57ea66cf3d423074", "content": "11. The amounts for Q4-2025 are balancing figures between the figures as per the audited financial statements for FY2025 and the published figures for 9M- 2025 and the amount far Q4-2024 are balancing figures between the figures as per the audited financial statements for FY2024 and t he published figures For and on behalf of the Board of Directors Rakesh Jha Executive Director BS R& Co. LLP Chartered Accountants C N K & Associates LLP Chartered Accountants 14th Floor, Central B Wing and North C Wing esco IT Park 4. esco Center Western Express Highway, Gorcgaon (East) Mumbai - 400 063, India 3rd Floor, Mistry Bhavan, Dinshaw Vachha Road, Churchgatc Mumbai- 400 020. India Independent Auditor's Report To the Board of Directors of ICICI Bank Limited Report on the audit of the Standalone Annual Financial Results We have audited the accompanying standalone annual financial results of ICICI Bank Limited (hereinafter referred to as 'the Bank\") for the year ended 31 March 2025. at1ached herewith. being submitted by the Bank pursuant to the requirement of Regulation 33 and Regulation 52(4) read with Regulation 63 of the Securities and Exchange Board of India {Listing Obligations and Disclosure Requirements) Regulations, '.W 15, as amended (\"Listing Regulations''). In our opinion and to the best of our information and according to the explanations given to us. the aforesaid standalone annual financial results:", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "C \nTreasury \nI \n164.653.06 \n169.403.66 \n166.411.24 \n164,653.06 \n166.411.24", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ed8a8babec13583c"}, {"chunk_id": "10fc438608d6d96c", "content": "b) give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Accounting Standards, the relevant provisions of the Banking Regulation Act. 1949, the applicable circulars, directions and guidelines issued by the Reserve Bank of India (RBI) c·RBI Guidelines''), and other accounting principles generally accepted in India of standalone net profit and other financial information for the year ended 31 March 2025. 143(10) of the Companies Act, 2013 (\"'the Act\"). Our responsibilities under those SAs are further described in the Auditor's Responsibilities for the Audit of the Standalone Annual Financial Results section of our report. We are independent of the Bank, in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the standalone annual financial results, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us, is sufficient and appropriate to provide a basis for our opinion on the standalone annual financial results. We conducted our audit in accordance with the Standards on Auditing (\"SAs'\") specified under section BS R& Co. LLP Chartered Accountants C N K & Associates LLP Chartered Accountants", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "BS R& Co. LLP \nChartered Accountants \nC N K & Associates LLP \nChartered Accountants", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3d8c50b49b4fb657"}, {"chunk_id": "021c56d4d833d285", "content": "annual financial results. We conducted our audit in accordance with the Standards on Auditing (\"SAs'\") specified under section BS R& Co. LLP Chartered Accountants C N K & Associates LLP Chartered Accountants Management's and Board of Directors' Responsibilities for the Standalone Annual Financial Results These standalone annual financial results have been prepared on the basis of the standalone annual financial statements. The Bank's Management and the Board of Directors are responsible for the preparation and presentation of these standalone annual financial results that give a true and fair view of the net profit and other financial information in accordance with the recognition and measurement principles laid down in Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder in so far as they apply to banks. the relevant provisions of the Banking Regulation Act, 1949, the RBI Guidelines and other accounting principles generally accepted in India and in compliance with Regulation 33 and Regulation 52(4) read with Regulation 63 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act and the RBI guidelines for safeguarding of the assets of the Bank and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "BS R& Co. LLP \nChartered Accountants \nC N K & Associates LLP \nChartered Accountants", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3d8c50b49b4fb657"}, {"chunk_id": "4c18b31e8025a018", "content": "provisions of the Act and the RBI guidelines for safeguarding of the assets of the Bank and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone annual financial results that give a true and fair view and are free from material misstatement. whether due to fraud or error. In preparing the standalone annual financial results, the Management and the Board of Directors are responsible for assessing the Bank's ability to continue as a going concern, disclosing, as applicable. matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Bank or to cease operations, or has no realistic alternative but to do so. The Board of Directors are responsible for overseeing the Bank· s financial reporting process. Auditor's Responsibilities for the Audit of the Standalone Annual Financial Results Our objectives are to obtain reasonable assurance about whether the standalone annual financial results", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "BS R& Co. LLP \nChartered Accountants \nC N K & Associates LLP \nChartered Accountants", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3d8c50b49b4fb657"}, {"chunk_id": "0121cdefc1d3292b", "content": "Auditor's Responsibilities for the Audit of the Standalone Annual Financial Results Our objectives are to obtain reasonable assurance about whether the standalone annual financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone annual financial results. B S R & Co. LLP Chartered Accountants C N K & Associates LLP Chartered Accountants Auditor's Responsibilities for the Audit of the Standalone Annual Financial Results ( Continued) As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: Identify and assess the risks of material misstatement of the standalone annual financial results. whether due to fraud or error. design and perfonn audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "BS R& Co. LLP \nChartered Accountants \nC N K & Associates LLP \nChartered Accountants", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3d8c50b49b4fb657"}, {"chunk_id": "88a80dbafc8ff4df", "content": "whether due to fraud or error. design and perfonn audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery. intentional omi sions. misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (i) of the Act, we are also responsible for expressing our opinion through a separate report on the complete set of financial statements on \\\\ hether the Bank has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the standalone annual financial results made by the Management and Board of Directors. Conclude on the appropriateness of the Management's and Board of Directors' use of the going concern basis of accounting and. based on the audit evidence obtained. whether a material uncertainty exists related to events or conditions that may cast significant doubt on the appropriateness of this assumption.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "BS R& Co. LLP \nChartered Accountants \nC N K & Associates LLP \nChartered Accountants", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3d8c50b49b4fb657"}, {"chunk_id": "788bac089f5071fa", "content": "uncertainty exists related to events or conditions that may cast significant doubt on the appropriateness of this assumption. If we conclude that a material uncertainty exists. we are required to draw anention in our auditor's report to the related disclosures in the standalone annual financial results or. if such disclosures are inadequate. to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor· s report. However. future events or conditions may cause the Bank to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the standalone annual financial results. including the disclosures, and whether the standalone annual financial results represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding. among other matters. the planned scope and timing of the audit and significant audit findings. including any significant deficiencies in internal control that we identify during our audit.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "BS R& Co. LLP \nChartered Accountants \nC N K & Associates LLP \nChartered Accountants", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3d8c50b49b4fb657"}, {"chunk_id": "ce3c79fef6535dff", "content": "We also provide those charged with goYernance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence. and where applicable, related safeguards. BS R& Co. LLP Chartered Accountants C N K & Associates LLP Chartered Accountants a. The standalone annual financial results or the Bank for the year ended 31 March 202-1 were audited by the predecessor auditors. The predecessor auditors had expressed an unmodified opinion on 27 April 2024. b. The standalone annual financial results include the results for the quarter ended 31 March 2025 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third qua11er of the current financial year which were subject to limited review by us. For B S R & Co. LLP Chartered Accountants Firm Registration no.: 101248W/W- I 00022 r tion no.: 101961 W/Wl 00036 anish Sampat Partner Membership No.: 10168-l Partner Membership o.: 109503 UDI : 25109503BMOQAZ9452 UDI : 25101684BMMLLT4919 Place: Mumbai Date: 19 April :W25 Place: Mumbai Date: 19 April 2025 8 SR& Co. LLP Chartered Accountants C N K & Associates LLP Chartered Accountants 3rd Floor, Mistry Bhavan. Dinshaw Vachha Road. 14th Floor, Central B Wing and orth C Wing Nesco IT Park 4. Nesco Center Western Express Highway, Goregaon (East)", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 21, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained \nby us, along with the consideration of reports of the other auditors referred to in sub paragraph no.(a) and \n(b) of the \"Other \ntu>,i~=ni!~u-\nelow, is sufficient and appropriate to provide a basis for our opinion", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5afc0557a4f28ff1"}, {"chunk_id": "0106d4838c2e72d9", "content": "C N K & Associates LLP Chartered Accountants 3rd Floor, Mistry Bhavan. Dinshaw Vachha Road. 14th Floor, Central B Wing and orth C Wing Nesco IT Park 4. Nesco Center Western Express Highway, Goregaon (East) Mumbai - 400 063, India Churchgate Mumbai- 400 020. India Independent Auditor's Report To the Board of Directors of ICICI Bank Limited Report on the audit of the Consolidated Annual Financial Results We have audited the accompanying consolidated annual financial results of ICICI Bank Limited (hereinafter referred to as the ··Bank'') and its subsidiaries (Bank and its subsidiaries together referred to as .. the Group .. ), and its associates for the year ended 31 March 2025, attached herewith, being submitted by the Bank pursuant to the requirement of Regulation 33 and Regulation 52(4) read with Regulation 63 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations. 2015, as amended (\"Listing Regulations\"), except for the disclosures prescribed by the Reserve Bank of India (the 'RBI') relating to consolidated Pillar 3 disclosures as at 31 March 2025. including leverage ratio. liquidity coverage ratio and net stable funding ratio under Basel Ill Capital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in Note 8 to the Statement and have not been audited by us.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 21, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained \nby us, along with the consideration of reports of the other auditors referred to in sub paragraph no.(a) and \n(b) of the \"Other \ntu>,i~=ni!~u-\nelow, is sufficient and appropriate to provide a basis for our opinion", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5afc0557a4f28ff1"}, {"chunk_id": "52624f606cdfaf46", "content": "disclosed on the Bank's website and in respect of which a link has been provided in Note 8 to the Statement and have not been audited by us. In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of reports of other auditors on separate / consolidated audited financial information of the subsidiaries and associates, the aforesaid consolidated annual financial results: a. include the annual financial results of the entities mentioned in Annexurc I to the aforesaid consolidated annual financial results; b. are presented in accordance with the requirements of Regulation 33 and Regulation 52( 4) read with Regulation 63 of the Listing Regulations, except for the disclosures relating to consolidated Pillar 3 as at 31 March 2025, including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel Ill Capital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in Note 8 to the Statement and have not been audited by us; and c. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Accounting Standards. the relevant provisions of the Banking Regulation Act, 1949. the applicable circulars, directions and guidelines issued by the Reserve Bank of India (RBI) ( .. RBI", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 21, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained \nby us, along with the consideration of reports of the other auditors referred to in sub paragraph no.(a) and \n(b) of the \"Other \ntu>,i~=ni!~u-\nelow, is sufficient and appropriate to provide a basis for our opinion", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5afc0557a4f28ff1"}, {"chunk_id": "aa11e854364ff31d", "content": "the applicable Accounting Standards. the relevant provisions of the Banking Regulation Act, 1949. the applicable circulars, directions and guidelines issued by the Reserve Bank of India (RBI) ( .. RBI Guidelines'\") and guidelines issued by Insurance Regulatory and Development Authority of India (·'IRDAI guidelines .. ) as applicable, and other accounting principle. generally accepted in India of consolidated net profit and other financial information of the Group for the year ended 31 March 2025. We conducted our audit in accordance with the Standards on Auditing c·SAs'') specified under section 143( I 0) of the Companies Act, 2013 ( .. the Act .. ). Our responsibilities under those SAs are further described in the Auditor's Responsibilities.for the Audit of the Consolidated Annual Financial Results section of our report. We are independent of the Group and its associates in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the consolidated annual financial results, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us, along with the consideration of reports of the other auditors referred to in sub paragraph no.(a) and (b) of the \"Other tu>,i~=ni!~u-", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 21, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained \nby us, along with the consideration of reports of the other auditors referred to in sub paragraph no.(a) and \n(b) of the \"Other \ntu>,i~=ni!~u-\nelow, is sufficient and appropriate to provide a basis for our opinion", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5afc0557a4f28ff1"}, {"chunk_id": "0418ce6ece96884b", "content": "on the consolid ..--'~.,-~-=-•~ - suits. BS R & Co. LLP Chartered Accountants C K & Associates LLP Chartered Accountants Management's and Board of Directors' Responsibilities for the Consolidated Annual These consolidated annual financial results have been prepared on the basis of the consolidated annual financial statements. The Bank· s Management and the Board of Directors are responsible for the preparation and presentation of these consolidated annual financial results that give a true and fair view of the consolidated net profit and other financial information of the Group including its associates in accordance with the recognition and measurement principles laid down in Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder in so far as they apply to banks, the relevant provisions of the Banking Regulation Act. 1949, the RBI Guidelines and guidelines issued by Insurance Regulatory and Development Authority of 1 ndia (\"'IR DA I guide I ines\"). as applicable, and other accounting princi pies generally accepted in India and in compliance with Regulation 33 and Regulation 52(4) read with Regulation 63 of the Listing Regulations. The respective Management and Board of Directors of the companies included in the Group and of its associates are responsible for maintenance of adequate accounting records in accordance with the", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 23, "section": "on the consolid \n..--'~.,-~-=-•~ -\nsuits.", "subsection": "Auditor's Responsibilities for the Audit of the Consolidated Annual Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "739327d24eaa9e85"}, {"chunk_id": "49298a2b1a4b1b0d", "content": "Regulations. The respective Management and Board of Directors of the companies included in the Group and of its associates are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act and the RBI guidelines for safeguarding of the assets of each company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated annual financial results that give a true and fair view and are free from material misstatement. whether due to fraud or error, which have been used for the purpose of preparation of the consolidated annual financial results by the Management and the Board of Directors of the Bank, as aforesaid. In preparing the consolidated annual financial results, the respective Management and the Board of Directors of the companies included in the Group and of its associates are responsible for assessing the ability of each company to continue as a going concern. disclosing, as applicable, matters related to going", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 23, "section": "on the consolid \n..--'~.,-~-=-•~ -\nsuits.", "subsection": "Auditor's Responsibilities for the Audit of the Consolidated Annual Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "739327d24eaa9e85"}, {"chunk_id": "74eef3111b41c564", "content": "ability of each company to continue as a going concern. disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so. The respective Board of Directors of the companies included in the Group and of its associates is responsible for overseeing the financial reporting process of each company. Auditor's Responsibilities for the Audit of the Consolidated Annual Financial Results Our objectives are to obtain reasonable assurance about whether the consolidated annual financial results as a whole are free from material misstatement, whether due to fraud or error. and to issue an auditor\"s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated annual financial results. BS R & Co. LLP Chartered Accountants C N K & Associates LLP Chartered Accountants Auditor's Responsibilities for th e Audit o f the Consolidated An nual Financial Resu lts (contd .)", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 23, "section": "on the consolid \n..--'~.,-~-=-•~ -\nsuits.", "subsection": "Auditor's Responsibilities for the Audit of the Consolidated Annual Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "739327d24eaa9e85"}, {"chunk_id": "c3d99957f08999cd", "content": "BS R & Co. LLP Chartered Accountants C N K & Associates LLP Chartered Accountants Auditor's Responsibilities for th e Audit o f the Consolidated An nual Financial Resu lts (contd .) As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: Identify and assess the risks of material misstatement of the consolidated annual financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks. and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error. as fraud may involve collusion. forgery. intentional omissions. misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section I 43(3) (i) of the Act. we are also responsible for expressing our opinion through a separate report on the complete set of financial statements on whether the Bank has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 23, "section": "on the consolid \n..--'~.,-~-=-•~ -\nsuits.", "subsection": "Auditor's Responsibilities for the Audit of the Consolidated Annual Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "739327d24eaa9e85"}, {"chunk_id": "4adf9c0be7fa2d65", "content": "operating effectiveness of such controls. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the consolidated annual financ ial results made by the Management and Board of Directors. Conclude on the appropriateness of the Management\" s and Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the appropriateness of this assumption. If we conclude that a material uncertainty exists. we are required to draw attention in our auditor\"s report to the related disclosures in the consolidated annual financial results or. if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor\"s report. However, future events or conditions may cause the Group and its associates to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the consolidated annual financial results, including the disclosures. and whether the consolidated annual financial results represent the underlying transactions and events in a manner that achieves fair presentation. Obtain sufficient appropriate audit evidence regarding the financial information of the entities within", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 23, "section": "on the consolid \n..--'~.,-~-=-•~ -\nsuits.", "subsection": "Auditor's Responsibilities for the Audit of the Consolidated Annual Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "739327d24eaa9e85"}, {"chunk_id": "3930d47a6d49d216", "content": "transactions and events in a manner that achieves fair presentation. Obtain sufficient appropriate audit evidence regarding the financial information of the entities within the Group and its associates to express an opinion on the consolidated annual financial results. We are responsible for the direction. supervision and performance of the audit of financial information of the bank included in the consolidated annual financial results of which we are the independent auditors. For the other entities included in the consolidated annual financial results, which have been audited by other auditors. such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion. Our responsibilities in this regard are further described in sub paragraph no. (a). (b) and (c) of the \"Other Matters\" paragraph in this audit report.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 23, "section": "on the consolid \n..--'~.,-~-=-•~ -\nsuits.", "subsection": "Auditor's Responsibilities for the Audit of the Consolidated Annual Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "739327d24eaa9e85"}, {"chunk_id": "41ae0b5511a49a86", "content": "We communicate with those charged with governance of the Bank and such other entities included in the consolidated annual financial results of which we are the independent auditors regarding. among other matters. the planned scope and timing of the audit and significant audit findings. including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonabl be thought to bear on our independence. and where applicable, related safeguards. BSR& Co. LLP Chartered Accountants C N K & Associates LLP Chartered Accountants Auditor's Responsibilities for the Audit of the Consolidated Annual Financial Results (contd.) We also performed procedures in accordance with the circular No CIR/CFD/CMD I /44/20 19 issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations. to the extent applicable. a. The consolidated annual financial results include the audited financial results of I I subsidiaries, whose financial information reflects total assets (before consolidation adjustments) of Rs. 456,566.45 crores as at 31 March 2025, total revenue (before consolidation adjustments) of Rs.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 25, "section": "on the consolid \n..--'~.,-~-=-•~ -\nsuits.", "subsection": "BSR& Co. LLP \nChartered Accountants \nC N K & Associates LLP \nChartered Accountants", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "660abd0dd1a7c172"}, {"chunk_id": "170e5357be15c39c", "content": "whose financial information reflects total assets (before consolidation adjustments) of Rs. 456,566.45 crores as at 31 March 2025, total revenue (before consolidation adjustments) of Rs. 98,392.29 crores, total net profit after tax (before consolidation adjustments) of Rs. 7,484.43 crores and net cash outflows/(inflows) (before consolidation adjustments) of (Rs. 296.54) crores for the year ended on that date. as considered in the consolidated annual financial results. which have been audited by their respective independent auditors. The consolidated annual financial results also include the Group's share of total net profit after tax of Rs. 226.84 crores for the year ended 31 March 2025, as considered in the consolidated annual financial results, in respect of 3 associates whose financial information have been audited by their respective independent auditors. The independent auditor's reports on financial information of these entities have been furnished to us by the management. Our opinion on the consolidated annual financial results, in so far as it relates to the amounts and disclosures included in respect of these entities, is based solely on the reports of such auditors and the procedures performed by us are as stated in paragraph above. b. Further, 4 subsidiaries company whose annual financial information reflects total assets (before consolidation adjustments) of Rs.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 25, "section": "on the consolid \n..--'~.,-~-=-•~ -\nsuits.", "subsection": "BSR& Co. LLP \nChartered Accountants \nC N K & Associates LLP \nChartered Accountants", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "660abd0dd1a7c172"}, {"chunk_id": "0d6708937da17f3a", "content": "b. Further, 4 subsidiaries company whose annual financial information reflects total assets (before consolidation adjustments) of Rs. 29,766.47 crores as at 3 1 March 2025 and total revenues (before consolidation adjustments) of Rs. 6,309.83 crores and total net profit after tax (before consolidation adjustments) of Rs. 1,753.31 crores for the year ended 3 1 March 2025 respectively and the net cash outflows / (inflows) (before consolidation adjustments) of (Rs. 3,600.31 ) crores for the year ended on 31 March 2025, as considered in the Statement has been audited by one of the joint auditors of the Bank and our opinion on the consolidated annual financial results, in so far as it relates to the amounts and disclosures included in respect of these entities. is based solely on the audit reports issued by the such auditors and the procedures performed by us are as stated in paragraph above. c. The consolidated annual financial results include the unaudited financial results of 3 subsidiaries. whose financial infomiation reflects total assets (before consolidation adjustments) of Rs. 52,045.0 I crores as at 31 March 2025 total revenue (before consolidation adjustments) of Rs. 3,13 1.41 crores, total net profit after tax (before consolidation adjustments) of Rs. 665.95 crores and net cash outflows/(inflows) (before consolidation adjustments) of(Rs. 1.692.39) crores for the", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 25, "section": "on the consolid \n..--'~.,-~-=-•~ -\nsuits.", "subsection": "BSR& Co. LLP \nChartered Accountants \nC N K & Associates LLP \nChartered Accountants", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "660abd0dd1a7c172"}, {"chunk_id": "a07f61c3b52fd588", "content": "3,13 1.41 crores, total net profit after tax (before consolidation adjustments) of Rs. 665.95 crores and net cash outflows/(inflows) (before consolidation adjustments) of(Rs. 1.692.39) crores for the year ended on that date, as considered in the consolidated annual financial results. These unaudited financial information have been furnished to us by the Board of Directors. The consolidated annual financial results also include the Group's share of total net loss after tax of Rs. 76.18 crores for the year ended 31 March 2025, as considered in the consolidated annual financial results, in respect of 3 associates. These unaudited financial information have been furnished to us by the Board of Directors and our opinion on the consolidated annual financial results, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries and associates is based solely on such financial information. In our opinion and according to the information and explanations given to us by the Board of Directors. these financial information are not material to the Group. BS R& Co. LLP Chartered Accountants C N K & Associates LLP Chartered Accountants Other Matters (co ntd.) Our opinion on the consolidated annual financial results is not modified in respect of the above matter with respect to our reliance on the work done and the reports of the other auditors and the financial information certified by the Board of Directors. d.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 25, "section": "on the consolid \n..--'~.,-~-=-•~ -\nsuits.", "subsection": "BSR& Co. LLP \nChartered Accountants \nC N K & Associates LLP \nChartered Accountants", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "660abd0dd1a7c172"}, {"chunk_id": "cca603fca3cb3936", "content": "matter with respect to our reliance on the work done and the reports of the other auditors and the financial information certified by the Board of Directors. d. The statutory auditors of ICICI Prudential Life Insurance Company Limited (' ICICI Life\"), vide their audit report dated 15 April 2025 have expressed an unmodified opinion and have reported in the ·Other Matter' section that ·The actuarial valuation of liabilities for life policies in force and policies in respect of which premium has been discontinued but liability exists as at 31 March 2025 is the responsibility of the Company's Appointed Actuary (the ··Appointed Actuary\"). The actuarial valuation of these liabilities for life policies in force and for policies in respect of which premium has been discontinued but liability exists as at 31 March 2025 has been duly certified by the Appointed Actuary and in his opinion. the assumptions for such valuation are in accordance with the guidelines and norms issued by the !ROAi and the Institute of Actuaries oflndia in concurrence with the Authority. Accordingly. the joint auditors have relied upon the Appointed Actuary's certificate in this regard for forming their opinion on the valuation of liabilities for life policies in force and for policies in respect of which premium has been discontinued but liability exists in the standalone financial statements of the Company'.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 25, "section": "on the consolid \n..--'~.,-~-=-•~ -\nsuits.", "subsection": "BSR& Co. LLP \nChartered Accountants \nC N K & Associates LLP \nChartered Accountants", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "660abd0dd1a7c172"}, {"chunk_id": "5ed8000aa411f1d8", "content": "The statutory auditors of ICICI Lombard General Insurance Company Limited ('ICICI General'). vide their audit report dated 15 Apri I 2025, have expressed an unmodi tied opinion and have reported in the 'Other Matter' section that. 'The actuarial valuation of liabilities in respect of Incurred But Not Reported (' 18 R'), Incurred But Not Enough Reported ('18 ER') and the Premium Deficiency Reserve ('PDR ') is the responsibility of the Company's Appointed Actuary (the • Appointed Actuary'). The actuarial valuation of these liabilities. that are estimated using statistical methods as at 31 March 2025 has been duly certified by the Appointed Actuary and in his opinion, the assumptions considered by him for such valuation are in accordance with the guidelines and norms issued by the !ROAi and the Institute of Actuaries of India in concurrence with !ROAi. The joint auditors have relied upon the Appointed Actuary's certificate in this regard for forming their opinion on the valuation of liabilities for outstanding claims reserves and the PDR contained exists in the financial statements of the Company·. Our opinion is not modified in respect of this matter. e. The consolidated annual financial results of the Group and its associates for the year ended 3 I March 2024 were audited by the predecessor auditors. The predecessor auditors had expressed an unmodified opinion on '27 April 2024. BS R & Co. LLP Chartered Accountants", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 27, "section": "on the consolid \n..--'~.,-~-=-•~ -\nsuits.", "subsection": "BSR& Co. LLP \nChartered Accountants \nC N K & Associates LLP \nChartered Accountants", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ea64201e0abe6057"}, {"chunk_id": "b637e4a3b04ef04d", "content": "March 2024 were audited by the predecessor auditors. The predecessor auditors had expressed an unmodified opinion on '27 April 2024. BS R & Co. LLP Chartered Accountants C N K & Associates LLP Chartered Accountants Other Matters (contd.) f. The consolidated annual financial results include the results for the quarter ended 31 March 2025 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review by us. For B S R & Co. LLP Chartered Accountants Firm • ation no.: 101248W/W-100022 Partner Membership o.: 109503 UDIN: 25 109503BMOQBA8842 Partner Membership No.: 101 684 UDIN: 25101684BMMLLU1716 Place: Mumbai Date: 19 April 2025 Place: Mumbai Date: 19 April 2025 BS R& Co. LLP Chartered Accountants C K & Associates LLP Chartered Accountants List of entities included in consolidated annual financial results.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 27, "section": "on the consolid \n..--'~.,-~-=-•~ -\nsuits.", "subsection": "BSR& Co. LLP \nChartered Accountants \nC N K & Associates LLP \nChartered Accountants", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ea64201e0abe6057"}, {"chunk_id": "a677ee485caf45b5", "content": "4 ICICI Prudential Asset Management Company Limited s ICICI Prudential Trust Limited 6 ICICI Bank UK PLC 7 ICICI Bank Canada 8 ICICI Securities Limited 10 ICICI Securities Inc. 9 ICICI Securities Holdings Inc. I I ICICI Securities Primary Dealership Limited 12 ICICI Venture Funds Management Company Limited 13 ICICI Home Finance Company Limited 14 ICICI Trusteeship Services Limited IS ICICI Investment Management Company Limited 16 ICICI International Limited 17 ICICI Prudential Pension Funds Management Company Limited 18 I-Process Services (India) Private Limited 20 FISERV Merchant Solutions Private Limited (erstwhile ICICI Merchant Associate Services Private Limited) 19 ICICI Strategic Investments Fund 21 NIIT Institute of Finance Banking and Insurance Training Limited Associate 22 India lnfradebt Limited Associate 23 India Advantage Fund-Il l Associate 24 India Advantage Fund-IV Associate 25 Arteria Technologies Private Limited Associate", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 27, "section": "4 \nICICI Prudential Asset Management Company Limited \ns \nICICI Prudential Trust Limited \n6 \nICICI Bank UK PLC", "subsection": "BSR& Co. LLP \nChartered Accountants \nC N K & Associates LLP \nChartered Accountants", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "702015fb64b1d887"}, {"chunk_id": "64ffadcf7d42526e", "content": "BSE Limited Listing Department Phiroze Jeejeebhoy Towers Dalal Street Mumbai 400 001 National Stock Exchange of India Limited Listing Department Exchange Plaza, 5th floor Plot No. C/1, G Block Bandra-Kurla Complex Sandra (East) Mumbai 400 051 Declaration under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) Pursuant to Regulation 33 of Listing Regulations, we hereby confirm and declare that the statutory auditors of the Bank, BSR & Co LLP, Chartered Accountants and CNK & Associates LLP, Chartered Accountants, have issued the audit report on the standalone and consolidated financial results of the Bank for the year ended March 31, 2025 with unmodified opinion. We request you to please take the above on record.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 28, "section": "/CIC/Bank", "subsection": "We request you to please take the above on record.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b1d7ed434f731fde"}, {"chunk_id": "ae2b69499fb88913", "content": ",�,��� A:;n:-ya �J�erjee ICICI Bank Limited ICICI Bonk Towers, Bondro-Kurlo Complex. Mumbai - 400 051, Indio. Tel.: (91-22) 2653 1414 Regd. Office: ICICI Bonk Tower. Fax: (91-22) 2653 1122 Near Chokli Circle, Website www.icicibonk.com Old Podro Road, CIN ·L65190GJ 1994PLC021012 Vadodoro 390 007, India ICICI Bank Limited ICICI Bank Towers Bandra Kurla Complex Mumbai 400 051", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 29, "section": ",�,��� \nA:;n:-ya �J�erjee", "subsection": "ICICI Bank Limited \nICICI Bank Towers \nBandra Kurla Complex \nMumbai 400 051", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "db1b351fad6fd112"}, {"chunk_id": "61b8fc51c69f88ab", "content": "News Release April 19, 2025 Performance Review: Quarter ended March 31, 2025 • Profit before tax excluding treasury grew by 13.2% year-on-year to ₹ 16,534 crore (US$ 1.9 billion) in the quarter ended March 31, 2025 (Q4-2025) • Core operating profit grew by 13.7% year-on-year to ₹ 17,425 crore (US$ 2.0 billion) in Q4-2025 • Profit after tax grew by 18.0% year-on-year to ₹ 12,630 crore (US$ 1.5 billion) in Q4-2025 • Profit before tax excluding treasury grew by 11.4% year-on-year to ₹ 60,713 crore (US$ 7.1 billion) in the year ended March 31, 2025 (FY2025) • Core operating profit grew by 12.5% year-on-year to ₹ 65,396 crore (US$ 7.6 billion) in FY2025 • Profit after tax grew by 15.5% year-on-year to ₹ 47,227 crore (US$ 5.5 billion) in FY2025 • Consolidated profit after tax increased by 15.7% year-on-year to ₹ 13,502 crore (US$ 1.6 billion) in Q4-2025 and by 15.3% year-on-year to ₹ 51,029 crore (US$ 6.0 billion) in FY2025 • Total period-end deposits grew by 14.0% year-on-year to ₹ 16,10,348 crore (US $ 188.4 billion) at March 31, 2025 • Average deposits grew by 11.4% year-on-year to ₹ 14,86,635 crore (US$ 173.9 billion) in Q4-2025 • Average current account and savings account (CASA) ratio was 38.4% in Q4- 2025 • Domestic loan portfolio grew by 13.9% year-on-year to ₹ 13,10,981 crore (US$ 153.4 billion) at March 31, 2025 • Net NPA ratio declined to 0.39% at March 31, 2025 from 0.42% at December 31, 2024 •", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 31, "section": "/CIC/Bank", "subsection": "Deposit growth \n \nTotal period-end deposits increased by 14.0% year-on-year and 5.9% sequentially to         \n₹ 16,10,348 crore (US$ 188.4 billion) at March 31, 2025. Average deposits increased by \n11.4% year-on-year and 1.9% sequentially to ₹ 14,86,635 crore (US$ 173.9 billion) in Q4-\n2025. Average current account deposits increased by 9.6% year-on-year and 1.4% \nsequentially in Q4-2025. Average savings account deposits increased by 10.1% year-on-\nyear and 0.2% sequentially in Q4-2025.  \n \nWith the addition of 241 branches during Q4-2025, the Bank had a network of 6,983 \nbranches and 16,285 ATMs & cash recycling machines at March 31, 2025.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c5c39cb188ad4ffc"}, {"chunk_id": "3d42cbc5c0f86e0f", "content": "• Domestic loan portfolio grew by 13.9% year-on-year to ₹ 13,10,981 crore (US$ 153.4 billion) at March 31, 2025 • Net NPA ratio declined to 0.39% at March 31, 2025 from 0.42% at December 31, 2024 • Provisioning coverage ratio on non-performing loans was 76.2% at March 31, 2025 • Total capital adequacy ratio was 16.55% and CET-1 ratio was 15.94%, on a standalone basis, at March 31, 2025 after reckoning the impact of proposed dividend • The Board has recommended a dividend of ₹ 11 per share for FY2025. The declaration and payment of dividend is subject to requisite approvals The Board of Directors of ICICI Bank Limited (NSE: ICICIBANK, BSE: 532174, NYSE: IBN) at its meeting held at Mumbai today, approved the standalone and consolidated accounts of the Bank for the quarter ended March 31, 2025 (Q4-2025) and the year ended March 31, 2025 (FY2025). The statutory auditors have audited the standalone and consolidated financial statements and have issued an unmodified report on the standalone and consolidated financial statements for FY2025. ICICI Bank Limited ICICI Bank Towers Bandra Kurla Complex Mumbai 400 051 Profit & loss account • Profit before tax excluding treasury grew by 13.2% year-on-year to ₹ 16,534 crore (US$ 1.9 billion) in Q4-2025 from ₹ 14,602 crore (US$ 1.7 billion) in the quarter ended March 31, 2024 (Q4-2024) • Core operating profit grew by 13.7% year-on-year to ₹ 17,425 crore (US$ 2.0 billion)", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 31, "section": "/CIC/Bank", "subsection": "Deposit growth \n \nTotal period-end deposits increased by 14.0% year-on-year and 5.9% sequentially to         \n₹ 16,10,348 crore (US$ 188.4 billion) at March 31, 2025. Average deposits increased by \n11.4% year-on-year and 1.9% sequentially to ₹ 14,86,635 crore (US$ 173.9 billion) in Q4-\n2025. Average current account deposits increased by 9.6% year-on-year and 1.4% \nsequentially in Q4-2025. Average savings account deposits increased by 10.1% year-on-\nyear and 0.2% sequentially in Q4-2025.  \n \nWith the addition of 241 branches during Q4-2025, the Bank had a network of 6,983 \nbranches and 16,285 ATMs & cash recycling machines at March 31, 2025.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c5c39cb188ad4ffc"}, {"chunk_id": "3dfa4055a35c079f", "content": "(US$ 1.9 billion) in Q4-2025 from ₹ 14,602 crore (US$ 1.7 billion) in the quarter ended March 31, 2024 (Q4-2024) • Core operating profit grew by 13.7% year-on-year to ₹ 17,425 crore (US$ 2.0 billion) in Q4-2025 from ₹ 15,320 crore (US$ 1.8 billion) in Q4-2024 • Net interest income (NII) increased by 11.0% year-on-year to ₹ 21,193 crore (US$ 2.5 billion) in Q4-2025 from ₹ 19,093 crore (US$ 2.2 billion) in Q4-2024 • Net interest margin was 4.41% in Q4-2025 compared to 4.25% in Q3-2025 and 4.40% in Q4-2024. The net interest margin was 4.32% in FY2025 • Non-interest income, excluding treasury, increased by 18.4% year-on-year to ₹ 7,021 crore (US$ 821 million) in Q4-2025 from ₹ 5,930 crore (US$ 694 million) in Q4-2024 • Fee income grew by 16.0% year-on-year to ₹ 6,306 crore (US$ 738 million) in Q4- 2025 from ₹ 5,436 crore (US$ 636 million) in Q4-2024. Fees from retail, rural and business banking customers constituted about 80% of total fees in Q4-2025 • Treasury gains were ₹ 239 crore (US$ 28 million) in Q4-2025 as compared to a treasury loss of ₹ 281 crore (US$ 33 million) in Q4-2024. The treasury loss in Q4-2024 was due to transfer of negative balance of ₹ 340 crore (US$ 40 million) in Foreign Currency Translation Reserve related to Bank’s Offshore Unit in Mumbai to profit and loss account in view of the proposed closure of the Unit • Provisions (excluding provision for tax) were ₹ 891 crore (US$ 104 million) in Q4-2025", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 31, "section": "/CIC/Bank", "subsection": "Deposit growth \n \nTotal period-end deposits increased by 14.0% year-on-year and 5.9% sequentially to         \n₹ 16,10,348 crore (US$ 188.4 billion) at March 31, 2025. Average deposits increased by \n11.4% year-on-year and 1.9% sequentially to ₹ 14,86,635 crore (US$ 173.9 billion) in Q4-\n2025. Average current account deposits increased by 9.6% year-on-year and 1.4% \nsequentially in Q4-2025. Average savings account deposits increased by 10.1% year-on-\nyear and 0.2% sequentially in Q4-2025.  \n \nWith the addition of 241 branches during Q4-2025, the Bank had a network of 6,983 \nbranches and 16,285 ATMs & cash recycling machines at March 31, 2025.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c5c39cb188ad4ffc"}, {"chunk_id": "73f953cb49d51792", "content": "loss account in view of the proposed closure of the Unit • Provisions (excluding provision for tax) were ₹ 891 crore (US$ 104 million) in Q4-2025 compared to ₹ 718 crore (US$ 84 million) in Q4-2024 and ₹ 1,227 crore (US$ 144 million) in Q3-2025 • Profit before tax grew by 17.1% year-on-year to ₹ 16,773 crore (US$ 2.0 billion) in Q4-2025 from ₹ 14,321 crore (US$ 1.7 billion) in Q4-2024 • Profit after tax grew by 18.0% year-on-year to ₹ 12,630 crore (US$ 1.5 billion) in Q4- 2025 from ₹ 10,708 crore (US$ 1.3 billion) in Q4-2024 • Profit after tax grew by 15.5% year-on-year to ₹ 47,227 crore (US$ 5.5 billion) in FY2025 from ₹ 40,888 crore (US$ 4.8 billion) in the year ended March 31, 2024 (FY2024) The net domestic advances grew by 13.9% year-on-year and 2.2% sequentially at March 31, 2025. The retail loan portfolio grew by 8.9% year-on-year and 2.0% sequentially, and comprised 52.4% of the total loan portfolio at March 31, 2025. Including non-fund outstanding, the retail portfolio was 43.8% of the total portfolio at March 31, 2025. The business banking portfolio grew by 33.7% year-on-year and 6.2% sequentially at March 31, 2025. The rural portfolio grew by 5.1% year-on-year and declined by 1.5% sequentially at March 31, 2025. The domestic corporate portfolio grew by 11.9% year- on-year and declined by 0.4% sequentially at March 31, 2025. Total advances increased", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 31, "section": "/CIC/Bank", "subsection": "Deposit growth \n \nTotal period-end deposits increased by 14.0% year-on-year and 5.9% sequentially to         \n₹ 16,10,348 crore (US$ 188.4 billion) at March 31, 2025. Average deposits increased by \n11.4% year-on-year and 1.9% sequentially to ₹ 14,86,635 crore (US$ 173.9 billion) in Q4-\n2025. Average current account deposits increased by 9.6% year-on-year and 1.4% \nsequentially in Q4-2025. Average savings account deposits increased by 10.1% year-on-\nyear and 0.2% sequentially in Q4-2025.  \n \nWith the addition of 241 branches during Q4-2025, the Bank had a network of 6,983 \nbranches and 16,285 ATMs & cash recycling machines at March 31, 2025.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c5c39cb188ad4ffc"}, {"chunk_id": "a49fea77863f801b", "content": "sequentially at March 31, 2025. The domestic corporate portfolio grew by 11.9% year- on-year and declined by 0.4% sequentially at March 31, 2025. Total advances increased by 13.3% year-on-year and 2.1% sequentially to ₹ 13,41,766 crore (US$ 157 billion) at March 31, 2025. ICICI Bank Limited ICICI Bank Towers Bandra Kurla Complex Mumbai 400 051 The Bank continues to enhance the use of technology in its operations to provide simplified solutions to customers and making investments in its digital channels. The Bank expects to further strengthen system resilience and simplify processes. Deposit growth Total period-end deposits increased by 14.0% year-on-year and 5.9% sequentially to ₹ 16,10,348 crore (US$ 188.4 billion) at March 31, 2025. Average deposits increased by 11.4% year-on-year and 1.9% sequentially to ₹ 14,86,635 crore (US$ 173.9 billion) in Q4- 2025. Average current account deposits increased by 9.6% year-on-year and 1.4% sequentially in Q4-2025. Average savings account deposits increased by 10.1% year-on- year and 0.2% sequentially in Q4-2025. With the addition of 241 branches during Q4-2025, the Bank had a network of 6,983 branches and 16,285 ATMs & cash recycling machines at March 31, 2025.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 31, "section": "/CIC/Bank", "subsection": "Deposit growth \n \nTotal period-end deposits increased by 14.0% year-on-year and 5.9% sequentially to         \n₹ 16,10,348 crore (US$ 188.4 billion) at March 31, 2025. Average deposits increased by \n11.4% year-on-year and 1.9% sequentially to ₹ 14,86,635 crore (US$ 173.9 billion) in Q4-\n2025. Average current account deposits increased by 9.6% year-on-year and 1.4% \nsequentially in Q4-2025. Average savings account deposits increased by 10.1% year-on-\nyear and 0.2% sequentially in Q4-2025.  \n \nWith the addition of 241 branches during Q4-2025, the Bank had a network of 6,983 \nbranches and 16,285 ATMs & cash recycling machines at March 31, 2025.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c5c39cb188ad4ffc"}, {"chunk_id": "c7c0852ecdbb38f3", "content": "Asset quality The gross NPA ratio was 1.67% at March 31, 2025 compared to 1.96% at December 31, 2024. The net NPA ratio was 0.39% at March 31, 2025 compared to 0.42% at December 31, 2024. The gross NPA additions were ₹ 5,142 crore (US$ 602 million) in Q4-2025 compared to ₹ 6,085 crore (US$ 712 million) in Q3-2025. Recoveries and upgrades of NPAs, excluding write-offs and sale, were ₹ 3,817 crore (US$ 447 million) in Q4-2025 compared to ₹ 3,392 crore (US$ 397 million) in Q3-2025. The net additions to gross NPAs, excluding write-offs and sale, were ₹ 1,325 crore (US$ 155 million) in Q4-2025 compared to ₹ 2,693 crore (US$ 315 million) in Q3-2025. The Bank has written-off gross NPAs amounting to ₹ 2,118 crore (US$ 248 million) in Q4-2025. There was sale of NPAs of ₹2,786 crore (US$ 326 million) in Q4-2025 which consists of ₹ 1,605 crore (US$ 188 million) of security receipts and ₹ 314 crore (US$ 37 million) in cash. The Bank continues to hold 100% provisions against these security receipts. The provisioning coverage ratio on non-performing loans was 76.2% at March 31, 2025. Excluding NPAs, the total fund based outstanding to all borrowers under resolution as per the various extant regulations/guidelines declined to ₹ 1,956 crore (US$ 229 million) or about 0.1% of total advances at March 31, 2025 from ₹ 2,107 crore (US$ 247 million) at December 31, 2024. The Bank holds provisions amounting to ₹ 643 crore (US$ 75", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 34, "section": "/CIC/Bank", "subsection": "ICICI Bank Limited \nICICI Bank Towers \nBandra Kurla Complex \nMumbai 400 051", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "487cf0f674caa8e4"}, {"chunk_id": "a25f482ca4935978", "content": "or about 0.1% of total advances at March 31, 2025 from ₹ 2,107 crore (US$ 247 million) at December 31, 2024. The Bank holds provisions amounting to ₹ 643 crore (US$ 75 million) against these borrowers under resolution, as of March 31, 2025. In addition, the Bank continues to hold contingency provisions of ₹ 13,100 crore (US$ 1.5 billion) at March 31, 2025. The loan and non-fund based outstanding to performing corporate borrowers rated BB and below was ₹ 2,854 crore (US$ 334 million) at March 31, 2025 compared to ₹ 2,193 crore (US$ 257 million) at December 31, 2024. ICICI Bank Limited ICICI Bank Towers Bandra Kurla Complex Mumbai 400 051 Capital adequacy The Bank’s total capital adequacy ratio at March 31, 2025 was 16.55% and CET-1 ratio was 15.94% after reckoning the impact of proposed dividend compared to the minimum regulatory requirements of 11.70% and 8.20% respectively. Dividend on equity shares The Board has recommended a dividend of ₹ 11 per share (equivalent to dividend of US$ 0.26 per ADS) in line with applicable guidelines. The declaration of dividend is subject to requisite approvals. The record/book closure dates will be announced in due course. The consolidated profit after tax increased by 15.7% year-on-year to ₹ 13,502 crore (US$ 1.6 billion) in Q4-2025 from ₹ 11,672 crore (US$ 1.4 billion) in Q4-2024. Consolidated assets grew by 11.8% year-on-year to ₹ 26,42,241 crore (US$ 309.1 billion)", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 34, "section": "/CIC/Bank", "subsection": "ICICI Bank Limited \nICICI Bank Towers \nBandra Kurla Complex \nMumbai 400 051", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "487cf0f674caa8e4"}, {"chunk_id": "889f95fc4907f08f", "content": "1.6 billion) in Q4-2025 from ₹ 11,672 crore (US$ 1.4 billion) in Q4-2024. Consolidated assets grew by 11.8% year-on-year to ₹ 26,42,241 crore (US$ 309.1 billion) at March 31, 2025 from ₹ 23,64,063 crore (US$ 276.6 billion) at December 31, 2024. Key subsidiaries The annualised premium equivalent of ICICI Prudential Life Insurance (ICICI Life) was ₹ 10,407 crore (US$ 1.2 billion) in FY2025 compared to ₹ 9,046 crore (US$ 1.1 billion) in FY2024. Value of New Business (VNB) of ICICI Life was ₹ 2,370 crore (US$ 277 million) in FY2025 compared to ₹ 2,227 crore (US$ 261 million) in FY2024. The VNB margin was 22.8% in FY2025 compared to 24.6% in FY2024. The profit after tax was ₹ 1,189 crore (US$ 139 million) in FY2025 compared to ₹ 852 crore (US$ 100 million) in FY2024 and was ₹ 386 crore (US$ 45 million) in Q4-2025 compared to ₹ 174 crore (US$ 20 million) in Q4-2024. The Gross Direct Premium Income (GDPI) of ICICI Lombard General Insurance Company (ICICI General) was ₹ 24,776 crore (US$ 2.9 billion) in FY2024 compared to ₹ 26,833 crore (US$ 3.1 billion) in FY2025. The combined ratio stood at 102.8% in FY2025 compared to 103.3% in FY2024. Excluding the impact of CAT losses of ₹ 94 crore (US$ 11 million) in FY2025 and ₹ 137 crore (US$ 16 million) in FY2024, the combined ratio was 102.4% and 102.5% respectively. The profit after tax of ICICI General grew by 30.7% to ₹ 2,508 crore", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 34, "section": "/CIC/Bank", "subsection": "ICICI Bank Limited \nICICI Bank Towers \nBandra Kurla Complex \nMumbai 400 051", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "487cf0f674caa8e4"}, {"chunk_id": "62e808522dc0052d", "content": "FY2025 and ₹ 137 crore (US$ 16 million) in FY2024, the combined ratio was 102.4% and 102.5% respectively. The profit after tax of ICICI General grew by 30.7% to ₹ 2,508 crore (US$ 293 million) in FY2025 compared to ₹ 1,919 crore (US$ 225 million) in FY2024. The profit after tax of ICICI General was ₹ 510 crore (US$ 60 million) in Q4-2025 compared to ₹ 519 crore (US$ 61 million) in Q4-2024. The profit after tax of ICICI Prudential Asset Management Company, as per Ind AS, increased to ₹ 692 crore (US$ 81 million) in Q4-2025 from ₹ 529 crore (US$ 62 million) in Q4-2024. The profit after tax grew by 29.3% year-on-year to ₹ 2,651 crore (US$ 310 million) in FY2025 from ₹ 2,050 crore (US$ 240 million) in FY2024. ICICI Bank Limited ICICI Bank Towers Bandra Kurla Complex Mumbai 400 051 The profit after tax of ICICI Securities, on a consolidated basis, as per Ind AS, was ₹ 381 crore (US$ 45 million) in Q4-2025 compared to ₹ 537 crore (US$ 63 million) in Q4-2024. The profit after tax grew by 14.4% year-on-year to ₹ 1,942 crore (US$ 227 million) in FY2025 from ₹ 1,697 crore (US$ 199 million) in FY2024. Pursuant to the Scheme of Arrangement amongst ICICI Bank Limited and ICICI Securities Limited and their respective shareholders, ICICI Securities Limited has been delisted from stock exchanges on March 24, 2025 and became a wholly-owned subsidiary of the Bank. ICICI Bank Limited ICICI Bank Towers Bandra Kurla Complex Mumbai 400 051", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 34, "section": "/CIC/Bank", "subsection": "ICICI Bank Limited \nICICI Bank Towers \nBandra Kurla Complex \nMumbai 400 051", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "487cf0f674caa8e4"}, {"chunk_id": "b30cdf047aa06bcf", "content": "Summary Profit and Loss Statement (as per standalone Indian GAAP accounts) ₹ crore FY2024 Q4-2024 Q3-2025 Q4-2025 FY2025 Audited Audited Unaudited Audited Audited Net interest income 74,306 19,093 20,371 21,193 81,165 Non-interest income 22,949 5,930 6,697 7,021 26,603 - Fee income 20,796 5,436 6,180 6,306 23,870 - Dividend income from subsidiaries 2,073 484 509 675 2,619 - Other income 80 10 8 40 114 Less: Operating expense 39,133 9,703 10,552 10,789 42,372 Core operating profit1 58,122 15,320 16,516 17,425 65,396 Provisions 3,643 718 1,227 8912 4,6832 Profit before tax excl. treasury 54,479 14,602 15,289 16,534 60,713 Treasury 93 (281)3 371 239 1,903 Profit before tax 54,488 14,321 15,660 16,773 62,616 Less: Provision for taxes 13,600 3,613 3,868 4,143 15,389 Profit after tax 40,888 10,708 11,792 12,630 47,227 1. Excluding treasury 2. The Bank, on a prudent basis, continues to hold provision against the security receipts guaranteed by the government, which will be reversed on actual receipt of recoveries or approval of claims, if any. 3. The treasury loss during Q4-2024 includes the impact of transfer of negative balance of ₹ 340 crore (US$ 40 million) in Foreign Currency Translation Reserve related to Bank’s Offshore Unit in Mumbai to profit and loss account in view of the proposed closure of the Unit 4. Prior period numbers have been re-arranged wherever necessary ICICI Bank Limited ICICI Bank Towers Bandra Kurla Complex Mumbai 400 051 Summary balance sheet 31-Mar-24 30-Sep-24 31-Dec-24 31-Mar-25 Audited Unaudited Unaudited Audited Capital and liabilities Capital 1,405 1,409 1,412 1,425 Employee stock options outstanding 1,405 1,651 1,802 2,070 Reserves and surplus", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 38, "section": "ICICIBank", "subsection": "ICICI Bank Limited \nICICI Bank Towers \nBandra Kurla Complex \nMumbai 400 051", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b0ad51b5e2e61947"}, {"chunk_id": "5b3146f84874319c", "content": "Mumbai 400 051 Summary balance sheet 31-Mar-24 30-Sep-24 31-Dec-24 31-Mar-25 Audited Unaudited Unaudited Audited Capital and liabilities Capital 1,405 1,409 1,412 1,425 Employee stock options outstanding 1,405 1,651 1,802 2,070 Reserves and surplus 2,35,589 2,56,480 2,68,429 2,88,582 Deposits 14,12,825 14,97,761 15,20,309 16,10,348 Borrowings (includes subordinated debt) 1,24,968 1,24,493 1,27,731 1,23,538 Other liabilities and provisions2 95,323 95,064 93,660 92,277 Total capital and liabilities 18,71,515 19,76,858 20,13,343 21,18,240 Assets Cash and balances with Reserve Bank of India 89,712 89,102 75,780 1,19,928 Balances with banks and money at call and short notice 50,214 47,697 67,635 65,634 Investments 4,61,942 4,79,098 4,71,978 5,04,7573 Advances 11,84,406 12,77,240 13,14,366 13,41,766 Fixed assets 10,860 11,546 11,922 12,839 Other assets 74,381 72,175 71,662 73,316 Total assets 18,71,515 19,76,858 20,13,343 21,18,240 1. Prior period figures have been re-grouped/re-arranged wherever necessary 2. The Bank continues to hold contingency provision of ₹ 13,100 crore (US$ 1.5 billion) at March 31, 2025 3. Pursuant to the Scheme of Arrangement amongst ICICI Bank Limited and ICICI Securities Limited and their respective shareholders, ICICI Securities Limited has been delisted from stock exchanges on March 24, 2025 and became a wholly-owned subsidiary of the Bank. ICICI Bank Limited ICICI Bank Towers Bandra Kurla Complex Mumbai 400 051 Certain definitions in this release relating to a future period of time (including inter alia concerning", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 38, "section": "ICICIBank", "subsection": "ICICI Bank Limited \nICICI Bank Towers \nBandra Kurla Complex \nMumbai 400 051", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b0ad51b5e2e61947"}, {"chunk_id": "d9db6b412d6d86a2", "content": "ICICI Bank Limited ICICI Bank Towers Bandra Kurla Complex Mumbai 400 051 Certain definitions in this release relating to a future period of time (including inter alia concerning our future business plans or growth prospects) are forward-looking statements intended to qualify for the 'safe harbor' under applicable securities laws including the US Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. These risks and uncertainties include, but are not limited to statutory and regulatory changes, international economic and business conditions, political or economic instability in the jurisdictions where the Bank has operations or which affect global or Indian economic conditions, increase in nonperforming loans, unanticipated changes in interest rates, foreign exchange rates, equity prices or other rates or prices, our growth and expansion in business, the adequacy of our allowance for credit losses, the actual growth in demand for banking products and services, investment income, cash flow projections, our exposure to market risks, changes in India’s sovereign rating, as well as other risks detailed in the reports filed by us with the United States Securities and Exchange Commission. Any forward-looking statements contained herein are based on assumptions that the", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 38, "section": "ICICIBank", "subsection": "ICICI Bank Limited \nICICI Bank Towers \nBandra Kurla Complex \nMumbai 400 051", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b0ad51b5e2e61947"}, {"chunk_id": "cd1c8c0611c8a4a0", "content": "other risks detailed in the reports filed by us with the United States Securities and Exchange Commission. Any forward-looking statements contained herein are based on assumptions that the Bank believes to be reasonable as of the date of this release. ICICI Bank undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov This release does not constitute an offer of securities. For further press queries please email Sujit Ganguli / Kausik Datta at sujit.ganguli@icicibank.com / datta.kausik@icicibank.com or corporate.communications@icicibank.com For investor queries please email Abhinek Bhargava at abhinek.bhargava@icicibank.com or Nitesh Kalantri at nitesh.kalantri@icicibank.com or ir@icicibank.com. 1 crore = 10.0 million US$ amounts represent convenience translations at US$1= ₹ 85.48 M/s. B S R & Co. LLP (“The Firm”) is a member entity of B S R & Affiliates, a network registered with the Institute of Chartered Accountants of India. The Firm is registered in Mumbai, Gurgaon, Bangalore, Kolkata, Hyderabad, Pune, Chennai, Chandigarh, Ahmedabad, Vadodara, Noida, Jaipur, Gandhinagar and Kochi. The Firm has over 4,000 staff and over 140 partners.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 38, "section": "ICICIBank", "subsection": "ICICI Bank Limited \nICICI Bank Towers \nBandra Kurla Complex \nMumbai 400 051", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b0ad51b5e2e61947"}, {"chunk_id": "6903bf3a20f1daea", "content": "The Firm is registered in Mumbai, Gurgaon, Bangalore, Kolkata, Hyderabad, Pune, Chennai, Chandigarh, Ahmedabad, Vadodara, Noida, Jaipur, Gandhinagar and Kochi. The Firm has over 4,000 staff and over 140 partners. The Firm audits various companies listed on stock exchanges in India including Banking Companies in the Financial Services Sector. M/s. C N K & Associates LLP M/s. C N K & Associates LLP (“The Firm”) is a multi-disciplinary Chartered Accountancy firm, head quartered in Mumbai, providing a wide spectrum of professional services including statutory audits, internal/ management audits and information systems audits, taxation - both direct and indirect and transaction advisory and other consulting services. The Firm comprises of more than 1000 personnel specialising in their respective service lines, having its presence in various cities which include Mumbai, Pune, Vadodara, Ahmedabad, Gift City (Gandhinagar), Delhi, Gurgaon, Bengaluru, Chennai and Kolkata. The Firm also has vast experience in the Banking, Financial Services and Insurance (BFSI) sector, providing audit/non-audit and consultancy services to private, public, regulator and foreign banks. ICICI Bank Limited ICICI Bank Tower, Bandra-Kurla Complex, Mumbai – 400 051, India. Tel: (91) (22) 4008 8900 Email: companysecretary@icicibank.com Website: www.icicibank.com CIN: L65190GJ1994PLC021012 Regd. Office: ICICI Bank Tower, Near Chakli Circle, Old Padra Road, Vadodara 390 007, India.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 38, "section": "ICICIBank", "subsection": "ICICI Bank Limited \nICICI Bank Towers \nBandra Kurla Complex \nMumbai 400 051", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b0ad51b5e2e61947"}, {"chunk_id": "4de2f15bb868cab1", "content": "Madhavi is the Chief Information Security Officer (CISO) of the Bank. She joined the Bank in July 1999 and has an overall experience of 36 years across Banking & Financial services with expertise in Banking IT product development, & implementation. Prior to her current role, she was a part of the Bank’s Technology Group where she was responsible for Technology Operations. In this capacity, she contributed significantly to enhance the resilience of critical applications. She has a well-rounded experience across various technology platforms and has previously served in the technology governance. She has an extensive knowledge of the regulatory compliance framework and is well-versed in cyber security landscape. She has led several technology transformation initiatives at the Bank and has participated in strategic engagements with technology partners. She has also completed Certification program in IT & Cyber Security from IDBRT. ICICI Bank Limited ICICI Bank Tower, Bandra-Kurla Complex, Mumbai – 400 051, India. Tel: (91) (22) 4008 8900 Email: companysecretary@icicibank.com Website: www.icicibank.com CIN: L65190GJ1994PLC021012 Regd. Office: ICICI Bank Tower, Near Chakli Circle, Old Padra Road, Vadodara 390 007, India.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 38, "section": "ICICIBank", "subsection": "ICICI Bank Limited \nICICI Bank Towers \nBandra Kurla Complex \nMumbai 400 051", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3349085fe3e8b9d8"}, {"chunk_id": "0a4c6d132ee7f724", "content": "[TABLE] Company: ICICI | Year: FY2025 | Section: Introduction | Page: 1\n\n|  |  | ({) | / C | I C | / | B | a | n k |\n|---|---|---|---|---|---|---|---|---|\n|  | April | 19, 2025 |  |  |  |  |  |  |\n|  | BSE L | imited |  |  | Natio | nal Stock E | xcha | nge of India Limited |\n|  | Listin | g Department |  |  | Listin | g Departm | ent |  |\n|  | Phiro | ze Jeejeebhoy To | wers |  | Excha | nge Plaza | , 5th Fl | oor |\n|  | Dalal | Street |  |  | Plot N | o. C/1, G B | lock |  |\n|  | Mum | bai 400 001 |  |  | Bandr | a-Kurla C | omple | x |\n|  |  |  |  |  | Bandr | a (East) |  |  |\n|  |  |  |  |  | Mumb | ai 400 05 | 1 |  |\n|  | Dear | Sir/Madam, |  |  |  |  |  |  |\n|  | Sub: | Outcome of Boa | rd Meeti | ng held on Ap | ril 19, 2 | 025 |  |  |\n|  | We w | rite to inform yo | u that the | Board of Dire | ctors of | ICICI Bank | Limit | ed (“the Bank”) at its |\n|  | Meeti | ng held today, in | ter alia, a | pproved the fo | llowing: |  |  |  |\n|  | 1. | Audited financial | results (s | tandalone and | consoli | dated) of t | he Ba | nk for the quarter and |\n|  |  | year ended Marc | h 31, 202 | 5. |  |  |  |  |\n|  |  | In terms of the a | pplicable | provisions of | the SEB | I (Listing | Oblig | ations and Disclosure |\n|  |  | Requirements) R | egulation | s, 2015, as am | ended ( | SEBI Listin | g Reg | ulations), we enclose |\n|  |  | herewith the foll | owing as | Annexure 1: |  |  |  |  |\n|  |  | o Audited fin | ancial res | ults (standalon | e and c | onsolidate | d) for | the quarter and year |\n|  |  | ended Marc | h 31, 202 | 5; |  |  |  |  |\n|  |  | o Audit repo | rt issued | by M/s. B S | R & C | o. LLP, Ch | arter | ed Accountants and |\n|  |  | M/s. C N K | & Associa | tes LLP, Chart | ered Ac | countants, | the jo | int statutory auditors |\n|  |  | of the Bank | ; and |  |  |  |  |  |\n|  |  | o News Relea | se on Au | dited financial | results | for the qua | rter a | nd year ended March |\n|  |  | 31, 2025. |  |  |  |  |  |  |\n|  | 2. | Annual renewal | of fund ra | ising limits by | way of | issuances | of de | bt securities including |\n|  |  | by way of non-c | onvertibl | e debentures i | n dome | stic marke | ts up | to an overall limit of |\n|  |  | ₹ 250.00 billion | by way o | f private place | ment an | d issuanc | es of | bonds/notes/offshore |\n|  |  | certificate of dep | osits in o | verseas mark | ets upto | USD 1.50 | billio | n for a period of one |\n|  |  | year, from the d | ate of pas | sing of resolut | ion by t | he Board. | The B | oard also authorised |\n|  |  | buyback of debt | securitie | s within the lim | its tha | t the Boar | d is a | uthorised to approve |\n|  |  | under applicable | law. |  |  |  |  |  |\n| ICICI Ban | k Limit | ed Tel: ( | 91) (22) 40 | 08 8900 |  |  |  |  |\n| ICICI Bank | Towe | r, Ema | il: company | secretary@iciciba | nk.com |  |  |  |\n| Bandra-K | urla Co | mplex, Web | site: www. | icicibank.com |  | Regd. Off | ice: ICI | CI Bank Tower, Near Chak |\n| Mumbai – | 400 0 | 51, India. CIN: | L65190GJ1 | 994PLC021012 |  | Old Padr | a Road | , Vadodara 390 007, India |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 1, "section": "Introduction", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "2606fc963ce64e3e", "content": "[TABLE] Company: ICICI | Year: FY2025 | Section: PRACHITI D \nLALINGKAR | Page: 2\n\n|  |  | 3. | Re | -appointment of | M/s. B S | R | & Co. L | LP, Chartered | Accountants |\n|---|---|---|---|---|---|---|---|---|---|\n|  |  |  | (R | egistration No. 1012 | 48W/W100022 | ) an | d M/s. C N | K & Associates LL | P, Chartered |\n|  |  |  | Ac | countants (Registrati | on No. 101961 | W/ | W100036) a | s the joint statutor | y auditors of |\n|  |  |  | th | e Bank to hold office f | rom the conclu | sion | of the Thirt | y-First Annual Gen | eral Meeting |\n|  |  |  | (A | GM) till the conclusio | n of the Thirt | y-Th | ird AGM of | the Bank, subject | to Auditors |\n|  |  |  | co | ntinuing to fulfil the a | pplicable eligi | bility | norms and | approval of RBI, M | embers and |\n|  |  |  | ot | her approvals as may | be necessary | or re | quired. Brie | f profile of M/s. B S | R & Co. LLP, |\n|  |  |  | Ch | artered Accountants | and M/s. C N | K & | Associates | LLP, Chartered Ac | countants is |\n|  |  |  | en | closed as Annexure 2 | . |  |  |  |  |\n|  |  | 4. | Pr | oposal for sale of B | ank’s entire sh | are | holding of 1 | 8.8% in equity sh | ares of NIIT |\n|  |  |  | In | stitute of Finance Ban | king and Insura | nce | Training Li | mited (“NIIT-IFBI”), | an associate |\n|  |  |  | of | the Bank, to a listed | entity outside | of I | CICI Group. | Details as require | d under SEBI |\n|  |  |  | Li | sting Regulations rea | d with SEBI Ma | ster | Circular da | ted November 11, | 2024 will be |\n|  |  |  | fil | ed once the proposal i | s considered b | y the | Board of D | irectors of the purc | haser entity. |\n|  |  | 5. | In | clusion of Ms. Madhav | i Purandare in | the | category of | Senior Manageme | nt Personnel |\n|  |  |  | w | ith immediate effect. | Details as requ | ired | under SEB | I Listing Regulatio | ns read with |\n|  |  |  | SE | BI Master Circular da | ted November | 11, | 2024 are en | closed as Annexur | e 3. |\n|  | In | additi | on | to the above, in term | s of Regulation | 30 | and other a | pplicable provision | s of the SEBI |\n|  | Lis | ting | Re | gulations, the Board | recommende | d a | dividend o | f ₹ 11/- (Rupees | Eleven only) |\n|  | pe | r equi | ty | share of face value of | 2/- each, subje | ct to | requisite ap | provals. The divide | nd on equity |\n|  | sh | ares, | wi | ll be paid after the sa | me is approved | by t | he Members | at the ensuing An | nual General |\n|  | Me | eting | (A | GM) of the Bank. |  |  |  |  |  |\n|  | Th | e Boa | rd | meeting commenced | at 9:45 a.m. a | nd c | oncluded at | 02:48 p.m. |  |\n|  | Ple | ase t | ak | e the above informati | on on record. |  |  |  |  |\n|  | Yo | urs si | nc | erely, |  |  |  |  |  |\n|  | Fo | r ICIC | I | Bank Limited |  |  |  |  |  |\n|  | Pr | achiti | L | alingkar |  |  |  |  |  |\n|  | Co | mpa | ny | Secretary |  |  |  |  |  |\n|  | En | cl.: as | a | bove. |  |  |  |  |  |\n|  | Co | py to | - |  |  |  |  |  |  |\n|  | (i) | Ne | w | York Stock Exchange | (NYSE) | I | (iii) Singa | pore Stock Exchan | ge |\n|  | (ii) | Jap | a | n Securities Dealers A | ssociation | ( | (iv) SIX S | wiss Exchange Ltd | . |\n| ICICI B | an | k Limit | ed | Tel: (91) (22) | 4008 8900 |  |  |  |  |\n| ICICI B | ank | Towe | r, | Email: compa | nysecretary@icici | bank | .com |  |  |\n| Bandra | -K | urla Co | m | plex, Website: ww | w.icicibank.com |  | Reg | d. Office: ICICI Bank To | wer, Near Chak |\n| Mumb | ai – | 400 05 | 1, | India. CIN: L65190 | GJ1994PLC021012 |  | Old | Padra Road, Vadodara | 390 007, India |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 2, "section": "PRACHITI D \nLALINGKAR", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "df5e2a58ddddf4af", "content": "[TABLE] Company: ICICI | Year: FY2025 | Section: March \nDecember \nMarch \nI \nMarch I > 22. Outs'tandina redeemable nreference shores \n.. \n.. \n.. \n. \n.. | Page: 3\n\n| Sr. na. | Particulara |  |  | Three months ended Year ended |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|\n|  |  |  |  | March 31, 2025 (Q4-2025)\" | December 31, 2024 (Q3-2025) | March I March I March 31,2024 31,2025 31,2024 I (Q4-2024)1l (FY2025) (FY2024) |  |  |\n|  |  |  |  | (Audited) | (Unaudited) | (Audited) (Audited) (Audited) |  |  |\n| 1. | Interest earned lal+lbl+lcl+ldl |  |  | 42.430.80 | 41,299.82 | 37,948.36 163,263.78 |  | 142,890.94 |\n|  | al | Interest/discount on advances/bills |  | 32,821.33 | 32,048.40 | 29.423.40 | 126.404.72 | 110,943.93 |\n|  | bl | Income on investments |  | 8,210.18 | 8,302.14 | 7,782.01 | 32,980.23 | 28,630.99 |\n|  | c) | Interest an balances with Reserve Bank of India and other inter-bank funds |  | 706.12 | 489.59 | 430.16 | 2,155 82 | 1,791.39 |\n|  | di | Others |  | 693.17 | 459.69 | 312.79 | 1,723.01 | 1,524.63 |\n| 2. | Other incame1 |  |  | 7.260.07 | 7.068.05 5,648.78 |  | 28.506.70 | 22.957.77 |\n| 3. | TOTAL INCOME 111+121 |  |  | 49,690.87 | 48,367.87 43,597.14 |  | 191,770.48 | 165,848.71 |\n| 4. | Interest expended |  |  | 21.237.86 | 20.929.21 | 18.855.56 | 82,099 34 | 68,585.22 |\n| 5. | Operating expenses (el+IO |  |  | 10.788.76 | 10,552.11 | 9.702.83 | 42,372.32 | 39.132.73 |\n|  | el Employee cost |  |  | 4,105.18 | 3,929.05 | 3,720.24 | 16,540 88 | 15,141.99 |\n|  | fl Other operating expenses |  |  | 6,683.58 | 6,623.06 | 5,982.59 | 25,831.44 | 23,990.74 |\n| 6. | TOTAL EXPENDITURE EXCLUDING PROVISIONS AND CONTINGENCIES 141+151 |  |  | 32,026.62 | 31,481.32 | 28,558.39 | 124,471.66 | 107,717.95 |\n| 7. | OPERATING PROFIT BEFORE PROVISIONS AND CONTINGENCIES 131-161 |  |  | 17,664.25 | 16,886.55 | 15,038.75 | 67,298.82 | 58,130.76 |\n| 8. | Provisions (other than taxi and continqencics |  |  | 890.70 | 1.226.65 | 718.49 | 4,682.62 | 3.642.93 |\n| 9. | PROFIT FROM ORDINARY ACTIVITIES BEFORE EXCEPTIONAL ITEMS AND TAX 171-181 |  |  | 16,773.55 | 15.659.90 | 14,320.26 | 62.616.20 | 54.487.83 |\n| 10. | Exceational items |  |  | .. | . | . .. .. |  | .. |\n| 11. | PROFIT FROM ORDINARY ACTIVITIES BEFORE TAX 191-1101 |  |  | 16,773.55 | 15,659.90 | 14.320.26 | 62.616.20 | 54.487.83 |\n| 12. | Tax expense (g)+(h) |  |  | 4,143.97 | 3,867.48 | 3,612.73 | 15,389.21 | 13,599.56 |\n|  | al Current tax |  |  | 4,052.73 | 3,902.77 | 2,300.57 | 14,588.49 | 12,050.65 |\n|  | h) Deferred tax |  |  | 91.24 | (35.29 | 1 1.312.16 | 800.72 | 1,548.91 |\n| 13. | NET PROFIT FROM ORDINARY ACTIVITIES AFTER TAX (11)-(12) |  |  | 12.629.58 | 11.792.42 | 10,707.53 | 47,226.99 | 40,888.27 |\n| 14. | Extraordinary items (net of tax expense) |  |  | .. |  | .. | .. .. | .. |\n| 15. | NET PROFIT FOR THE PERIOD 1131-1141 |  |  | 12,629.58 | 11,792.42 | 10,707,53 | 47,226,99 | 40 888,27 |\n| 16. | Paid-up equity share capital Ifa ce value\" 2 eachl |  |  | 1.424.60 | 1,412.11 | 1.404.68 | 1.424 60 | 1.404.68 |\n| 17. | Reserves excludina revaluation reserves |  |  |  |  |  | 284,843 68 | 232,505.97 |\n| 18. | Analytical ratios |  |  |  |  |  |  |  |\n|  | i) | Percentage of shores held by Government of India |  | 0.22% | 0.22% 0.22% 0.22% |  |  | 0.22% |\n|  | ii) | Capital adequacv ratio (Basel Jill |  | 16.55% | 14.71% 16.33% 16.55'1', |  |  | 16.33% |\n|  | iii) | Earnings per share (EPS) |  |  |  |  |  |  |\n|  |  | a) | Basic EPS before and after extraordinary items. net of tax exaense lin \"1 | 17.87 16.72 |  | 15.26 | 67.01 | 58.38 |\n|  |  | b) | Diluted EPS before and after extraordinary items, net al tax exoense rin \"1 | 17.60 | 16.45 | 14.99 | 6589 | 57.33 |\n| 19. | NPA Ratio2 |  |  |  |  |  |  |  |\n|  | ii | Gross non-oerformina customer assets I net of write-ottl |  | 24.166.18 | 27,745.33 | 27,961.6 | 8 24,166.18 | 27,961.68 |\n|  | iii | Net non-cerformina customer assets |  | 5.589.41 | 5,897.7 | 6 5,377.7 | 9 5,589.41 | 5,377.79 |\n|  | iii) | % of gross non•performing customer assets (net of write•off) to gross customer assets |  | 1.67% | 1.96% 2.16% 1.67% |  |  | 2.16% |\n|  | iv) | % of net non-pe.rforminq customer assets to net customer assets |  | 0.39% | 0.42% 0.42% 0.39% |  |  | 0.42% |\n| 20. | Return on assets lonnualiscd) |  |  | 2.52'Hi | 2.36% 2.36% 2.41% |  |  | 2.37% |\n| 21. | Net worth' |  |  | 282,055.56 | 262,305.12 227,933.4 |  | 6 282,055.56 | 227,933.46 |\n| 22. | Outs'tandina redeemable nreference shores |  |  | .. | .. |  | .. . | .. |\n| 23. | Cacital redcmction reserve |  |  | 350.00 | 350.00 350.0 |  | 0 350.00 | 350.00 |\n| 24. | Debt-equity ratio• |  |  | 0.21 | 0.25 0.3 |  | 0 0.21 | 0.30 |\n| 25 | . Total debts to total assets' |  |  | 5.83% | 6.34% 6.68% 5.83% |  |  | 668% |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "22. Outs'tandina redeemable nreference shores \n.. \n.. \n.. \n. \n..", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "5de06c69dbeba3f4", "content": "[TABLE] Company: ICICI | Year: FY2025 | Section: March \nDecember \nMarch \nI \nMarch I > 22. Outs'tandina redeemable nreference shores \n.. \n.. \n.. \n. \n.. | Page: 4\n\n| Particulars |  |  |  |\n|---|---|---|---|\n|  |  | December 31, 2024 | March 31, 2024 |\n|  | (Audited) | (Unaudited) | (Audited) |\n| Capital and Liabilities | 1.424.60 |  |  |\n| Capital |  | 1,412.11 | 1,404.68 |\n| Employees stock options/units outstanding Reserves and surplus | 2.069.84 | 1,801.66 | 1,405.32 |\n|  | 288,581.86 | 268,429.17 | 235,589.32 |\n| Deposits | 1.610.348.02 | 1.520,308.75 | 1,412,824.95 |\n| Borrowinas !includes subordinated debt) | 123.538.26 | 127,731.77 93,659.67 | 124.967.58 |\n| Other liabilities and provisions | 92,277.39 |  | 95,322.73 |\n| Total Capital and Liabilities | 2,118,239.97 | 2,013,3'3.13 | 1,871,514.58 |\n| Assets |  |  |  |\n| Cash and balances with Reserve Bonk of Indio | 119,928.12 | 75,780.32 | 89,711.70 |\n| Balances with banks and money at coll and short notice | 65,633.88 | 67,635.18 | 50,214.31 |\n| Investments | 504,756.74 | 471.978.34 | 461,942.27 |\n| Advances | 1.341.766.16 | 1.314,366.05 | 1.184.406.39 |\n| Fixed assets | 12,838.74 | 11,921.03 | 10,859.84 |\n| Other assets | 73,316.33 | 71,662.21 | 74,380.07 |\n| Total Aneta | 2,118,239.97 | 2,013,343.13 | 1,871,514.58 |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "22. Outs'tandina redeemable nreference shores \n.. \n.. \n.. \n. \n..", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "b4053c2b954be568", "content": "[TABLE] Company: ICICI | Year: FY2025 | Section: March \nDecember \nMarch \nI \nMarch I > 22. Outs'tandina redeemable nreference shores \n.. \n.. \n.. \n. \n.. | Page: 5\n\n| (~ in crore) Year ended March March Particulars 31, 202S 31, 2024 IFY20251 lfY20241 (Audited) |  |  |  |\n|---|---|---|---|\n|  |  | Year ended March March 31, 202S 31, 2024 IFY20251 |  |\n|  |  | (Audited) | lfY20241 |\n| Cash flow from/(used in) operating activities |  |  | (Audited) |\n| Profit/(loss) before taxes |  |  |  |\n|  |  | 62,616.20 | 54,487.83 |\n| Adjustments for. |  |  |  |\n| Depreciotion and amortisotion |  | 2,212.50 | 1,722.87 |\n| Net (appreciation)/depreciotion on investments |  | 125.67 |  |\n| Provision in respect of non-performing and other assets |  | 4,016.24 | 1,565.28 |\n| General provision for standard assets |  | 574.82 | 944.79 1,154.83 |\n| Provision for contingencies & others |  | (755.92) | 854.51 |\n| Employee stock options/units expense |  | 790.15 (2,619.01) | 702.83 |\n| Income from subsidiaries and consolidated entities |  |  | (2,072.90) |\n| (Profit)noss on sale of fixed assets |  | (42.951 | (14.33) |\n|  | (i) | 66,917.70 | 59,345.71 |\n| Adjustments for. |  |  |  |\n| (lncrease)/decrease in investments |  | 36,998.74 | (38,885.23) |\n| (lncrease)/decrease in advances |  | (161,381.01) | (166,104.10) |\n| Jncrease/(decrease) in deposits |  | 197,523.07 (629.15) | 231.984.25 (3,656.25) |\n| (lncrease)/decrease in other assets |  |  |  |\n| lncreose/(decreose) in other liabilities and provisions |  | (2,829.50) | 10,057.33 |\n|  | (ii) | 69,682.15 | 33,396.00 |\n| Relund/(poyment) ol direct taxes | (iii) | (14,243.34) | (11,085.11) |\n| Net cash flow from/(u1ed in) operating activities (i)+(ii)+(iii) | (A) | 122,356,51 | 81,656,60 |\n| Cash flow from/(used in) investing activities |  |  |  |\n| Redemntion/sole from/linvestmcnts inl subsidiaries tincludinq ooolication monev) |  | (1,376.13) | (2,823.93) |\n| Income from subsidiaries and consolidated entities |  | 2,619.01 | 2,072.91 |\n| Purchase of fixed assets |  | (3,370.45) 59.63 | (2,874.78) |\n| Proceeds from sale of fixed assets |  |  | 54.48 |\n| (Purchose)/sale of held-to-maturity securities |  | (67,513.87) 169,581.81) | (59,077.44) |\n| Net cash flow from/(uscd in) investing activities | (B) |  | (62,648,761 |\n| Cash flow from/(used in) financing activities |  |  |  |\n| Proceeds from issue of share capital (including ESOPs/ESUSs) |  | 1.437.52 | 1,170.87 |\n| Proceeds from long-term borrowings |  | 28,852.81 | 29,284.07 |\n| Repayment of long•tcrm borrowings |  | (31.671.94) | (32,033.91) |\n| Net proceeds/(repayment) of short-term borrowings |  | 1,127.30 (7,041.26) | 8,253.42 |\n| Dividend paid |  |  | (5,598.60) |\n| Net cash flow from/(used in) financing activities | (C) | (7,295.571 | 1,075,85 |\n| Effect of exchange fluctuation on translation reserve | (D) | 156,86 | 404.05 |\n|  |  |  | 20,487.74 119,438.27 |\n| (Net increase,,aecrease) in casn and casK equ1va1enu (Al + (B) + (C) + (D) |  | 45,635.99 |  |\n| Cash and cash equivalents at beginning of the year |  | 139,926.01 |  |\n| Cash and caah equivolenta at end of the year |  | 185,562.00 | 139,926.01 |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "22. Outs'tandina redeemable nreference shores \n.. \n.. \n.. \n. \n..", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "9eed38ed55b95404", "content": "[TABLE] Company: ICICI | Year: FY2025 | Section: March \nDecember \nMarch \nI \nMarch I > 22. Outs'tandina redeemable nreference shores \n.. \n.. \n.. \n. \n.. | Page: 6\n\n| Type of Borrower | Exposure to accounts classified as Standard consequent to implementation of resolution plan - Position at September 30, 2024 (A) | Of (A), aggregate debt that slipped into NPA during H2-20251 | Of (A) amount written off during H2- 2025 | Of (A) amount paid by the borrowers during H2- 20252 | Exposure to accounts classified as Standard consequent to implementation of resolution pion - Position at March 31, 2025 |\n|---|---|---|---|---|---|\n| Personal Loans3 | 1,107.67 | 32.73 | 0.88 | 141.75 | 933.19 |\n| Corporate persons' | 790.55 | .. | .. | 212.46 | 578.09 |\n| Of which, MSMEs | .. | .. | .. | .. | .. |\n| Others | 350.75 | 6.57 | 0.31 | 51.96 | 292.22 |\n| Total | 2,248.97 | 39.30 | 1.19 | 406.17 | 1,803.50 |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "22. Outs'tandina redeemable nreference shores \n.. \n.. \n.. \n. \n..", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "1f9995fc10a2b72c", "content": "[TABLE] Company: ICICI | Year: FY2025 | Section: March \nDecember \nMarch \nI \nMarch I > 22. Outs'tandina redeemable nreference shores \n.. \n.. \n.. \n. \n.. | Page: 7\n\n| '{ in crore Particulars Loans acquired |  |  |\n|---|---|---|\n| Amount of loan | 9,195.05 | Loans sold 592.49 |\n| Weiqhted averaae residual maturity (in years) | 8.76 | 9.04 |\n| Weiqhted averoae holdinq period of the oriainator (in veers) | 1.10 | 0.33 |\n| Retention of beneficial economic interest bv the oriainator | 2,723.85 1.60 | 597.49 |\n| Tonqible securitv coveraae ltimesl |  | 1.26 |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "22. Outs'tandina redeemable nreference shores \n.. \n.. \n.. \n. \n..", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "3fef805868a1cdfd", "content": "[TABLE] Company: ICICI | Year: FY2025 | Section: March \nDecember \nMarch \nI \nMarch I > 22. Outs'tandina redeemable nreference shores \n.. \n.. \n.. \n. \n.. | Page: 7\n\n| Ind A-, A+, A,AA,AA+ |  | .. |\n|---|---|---|\n| ICRA A,AA-,A+ | 610.78 45.25 | .. |\n| Crisil A.A+,AA,AA+ |  | 592.49 |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "22. Outs'tandina redeemable nreference shores \n.. \n.. \n.. \n. \n..", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "fb9534909f15cc8d", "content": "[TABLE] Company: ICICI | Year: FY2025 | Section: March \nDecember \nMarch \nI \nMarch I > 22. Outs'tandina redeemable nreference shores \n.. \n.. \n.. \n. \n.. | Page: 7\n\n| Number of accounts | 40 |  |\n|---|---|---|\n| Aaareaate arincioal autstondinq af loans transferred2 | 2,974.09 | .. |\n| Weiqhted averaae residual tenor of the loans transferred3 | .. | .. |\n| Net book value of loans transferred lat the time of transferl2 | 14.43 | .. |\n| Aaareqate consideration' | 2,085.97 | .. |\n| Additional consideration realized in respect of accounts transferred in earlier years | .. |  |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "22. Outs'tandina redeemable nreference shores \n.. \n.. \n.. \n. \n..", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "b80723a45d565489", "content": "[TABLE] Company: ICICI | Year: FY2025 | Section: March \nDecember \nMarch \nI \nMarch I > 22. Outs'tandina redeemable nreference shores \n.. \n.. \n.. \n. \n.. | Page: 7\n\n| RRl | Above 100% |  |\n|---|---|---|\n| RR2 | Above 75% upto 100% | 41.59 .. |\n| RR3 | Above 50% upto 75% | 176.61 |\n| RR4 | Above 25% upto 50% | .. |\n| RR5 | Uata 25% | 831.08 |\n| Total |  | 1,049.28 |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "22. Outs'tandina redeemable nreference shores \n.. \n.. \n.. \n. \n..", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "82b756ff023566d6", "content": "[TABLE] Company: ICICI | Year: FY2025 | Section: March \nDecember \nMarch \nI \nMarch I > C \nTreasury \n137.562.04 \n142.951.22 \n137,386.24 \n137.562.04 \n137,386.24 \nd \nOther Banking \n7,538.02 \n7,052.63 \n6,212.00 \n7.538.02 \n6.212.00 \n• Unollocoted \n13.100 00 \n13.100,00 \n13.100.00 \n13.100.00 \n13,100.00 \nTotal Hgment liabilities \n1,828,103.87 \n1,741,700.19 \n1,833,115.26 \n1,826,183.67 \n1,833,115.26 \n5. Caoital emoloved \n292,070.30 \n271,842.94 \n238,399.32 \n292.070.30 \n238,399.32 \n6. Total 141+151 \n2,118,239.97 \n2,013,343.13 \n1,871,514.58 \n2,118,239.97 \n1,871,514.58 | Page: 9\n\n| Sr. no. | Particulars | Three month• ended |  |  | Year ended |  |\n|---|---|---|---|---|---|---|\n|  |  | March 31, 2025 (Q4-2025)7 | December 31,2024 (Ql-2025) | March 31, 2024 (Q4-2024)7 | March 31, 2025 (FY2025) | March 31, 2024 (FY2024) |\n|  |  | (Audited) | (Unaudited) | (Audited) | (Audited) | (Audited) |\n| 1. | Segment revenue |  |  |  |  |  |\n| 0 | Retail Banking | 40.617.66 | 39.437.70 | 36.409.82 | 156,184.68 | 134,547.57 |\n| b | Wholesale Banking | 21,535.91 | 21,119.32 | 18,872.51 | 82.436.21 | 71,780.22 |\n| C | Treasury | 34,778.14 | 34,047.54 | 30,321.23 | 135,052.58 | 113,959.22 |\n| d | Other Banking | 1,046.40 | 1,395.25 | 775.59 | 4,386.29 | 3,297.30 |\n|  | Total eegment revenue | 97,978.11 | 95,999.81 | 88,379.15 | 378,059.78 | 323,584.31 |\n|  | Less: Inter scqmcnt revenue | 48,287.24 | 47,631.94 | 42,782.01 | 186,289.28 | 157,735.60 |\n|  | Income from operations | 49,090.87 | 48,307.87 | 43,597.14 | 191,770.48 | 105,848.71 |\n| 2. | Segmental results (1.e. Prof rt before tax) |  |  |  |  |  |\n| 0 | Retail Banking | 6.493.42 | 5,332.36 | 5.486.11 | 21.621.04 | 18.849.17 |\n| b | Wholesale Banking | 5,551.79 | 5,903.24 | 5,475.96 | 21,564.63 | 19.971.71 |\n| C | Treasury | 4.465.62 | 4,218.14 | 3,241.65 | 18.760.73 | 14.898.40 |\n| d | Other Banking | 262.72 | 206.16 | 116.54 | 669.80 | 768.55 |\n|  | Total aegment re1utta | 10,773.55 | 15,859.90 | 14,320.26 | 112,018.20 | 54,487.83 |\n| 3. | Segment a11ets |  |  |  |  |  |\n| 0 | Retail Banking | 792.930.19 | 776.300 69 | 719.313.62 | 792,930.19 | 719,313.62 |\n| b | Wholesale Banking | 548,269.82 | 539,703.97 | 482,456.10 | 548,269.82 | 482,456.10 |\n| C | Treasury | 721,695.52 | 642.457.98 | 628,256.14 | 721,695.52 | 628,256.14 |\n| d | Other Banking | 50.597.21 | 49.906.72 | 34.891.44 | 50.597.21 | 34,891.44 |\n| e | Unallocated | 4,747.23 | 4,973.77 | 6,597.28 | 4.747.23 | 6,597.28 |\n|  | Total 1cqment assets | 2,118,239.97 | 2,013,343.13 | 1,871,514.58 | 2,118,239.97 | 1,871,514.58 |\n| 4. | Seqment liabilitiea |  |  |  |  |  |\n| 0 | Retail Banking | 1.111.966.22 | 1.075.549.50 1.019.845.49 |  | 1,111.966.22 | 1.019.845 49 |\n| b | Wholesale Banking | 555,997.39 | 503,046.84 | 456.571.53 | 555.997.39 | 456.571.53 |\n| C | Treasury | 137.562.04 | 142.951.22 | 137,386.24 | 137.562.04 | 137,386.24 |\n| d | Other Banking | 7,538.02 | 7,052.63 | 6,212.00 | 7.538.02 | 6.212.00 |\n| • | Unollocoted | 13.10000 | 13.100,00 13.100.00 |  | 13.100.00 | 13,100.00 |\n|  | Total Hgment liabilities | 1,828,103.87 | 1,741,700.19 1,833,115.26 |  | 1,826,183.67 | 1,833,115.26 |\n| 5. | Caoital emoloved | 292,070.30 | 271,842.94 238,399.32 |  | 292.070.30 | 238,399.32 |\n| 6. | Total 141+151 | 2,118,239.97 | 2,013,343.13 1,871,514.58 |  | 2,118,239.97 | 1,871,514.58 |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 9, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "C \nTreasury \n137.562.04 \n142.951.22 \n137,386.24 \n137.562.04 \n137,386.24 \nd \nOther Banking \n7,538.02 \n7,052.63 \n6,212.00 \n7.538.02 \n6.212.00 \n• Unollocoted \n13.100 00 \n13.100,00 \n13.100.00 \n13.100.00 \n13,100.00 \nTotal Hgment liabilities \n1,828,103.87 \n1,741,700.19 \n1,833,115.26 \n1,826,183.67 \n1,833,115.26 \n5. Caoital emoloved \n292,070.30 \n271,842.94 \n238,399.32 \n292.070.30 \n238,399.32 \n6. Total 141+151 \n2,118,239.97 \n2,013,343.13 \n1,871,514.58 \n2,118,239.97 \n1,871,514.58", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "2d9d796f31a752cc", "content": "[TABLE] Company: ICICI | Year: FY2025 | Section: March \nDecember \nMarch \nI \nMarch I > C \nTreasury \n137.562.04 \n142.951.22 \n137,386.24 \n137.562.04 \n137,386.24 \nd \nOther Banking \n7,538.02 \n7,052.63 \n6,212.00 \n7.538.02 \n6.212.00 \n• Unollocoted \n13.100 00 \n13.100,00 \n13.100.00 \n13.100.00 \n13,100.00 \nTotal Hgment liabilities \n1,828,103.87 \n1,741,700.19 \n1,833,115.26 \n1,826,183.67 \n1,833,115.26 \n5. Caoital emoloved \n292,070.30 \n271,842.94 \n238,399.32 \n292.070.30 \n238,399.32 \n6. Total 141+151 \n2,118,239.97 \n2,013,343.13 \n1,871,514.58 \n2,118,239.97 \n1,871,514.58 | Page: 10\n\n| Sr. Particulars no. |  | Segment revenue | Segment results | Segment assets | Segment liabilities |\n|---|---|---|---|---|---|\n| Q4-2025 |  |  |  |  |  |\n|  | Retail Bankinq | 40,617.66 | 5,4g3_42 | 792,930.19 | 1,111,966.22 |\n| Iii | Digital Banking | 10,724.74 | 1,B76.32 | 145,agB.56 | 20B,og5_33 |\n| (ii) | Other Retail Banking | 29,B92.92 | 4,617.10 | 647,031.63 | go3,B70.Bg |\n| Q3-202S |  |  |  |  |  |\n|  | Retail Banking | 3g,437_70 | 5,332.36 | 776,300.69 | 1.075.549.50 |\n| (il | Digital Banking | 10,193.B7 | 1,2og.75 | 137,sg7_og | 203,4B7.7B |\n| (ii) | Other Retail Banking | 2g,243.B3 | 4,122.61 | 63B,703.60 | B72.061.72 |\n| IQ4-2oz4 |  |  |  |  |  |\n|  | Retail Banking | 3s,4og.a2 | 5,4B6.11 | 71g,J13.62 | 1,01g,a45_4g |\n| (i) | Digital Banking | g,420.47 | 1,646.74 | 131,401.90 | 1B5,ssg_54 |\n| (iii | Other Retail Banking | 26,gBg.35 | 3,B3g_37 | 5B7,911.72 | B34,2B5.B5 |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "C \nTreasury \n137.562.04 \n142.951.22 \n137,386.24 \n137.562.04 \n137,386.24 \nd \nOther Banking \n7,538.02 \n7,052.63 \n6,212.00 \n7.538.02 \n6.212.00 \n• Unollocoted \n13.100 00 \n13.100,00 \n13.100.00 \n13.100.00 \n13,100.00 \nTotal Hgment liabilities \n1,828,103.87 \n1,741,700.19 \n1,833,115.26 \n1,826,183.67 \n1,833,115.26 \n5. Caoital emoloved \n292,070.30 \n271,842.94 \n238,399.32 \n292.070.30 \n238,399.32 \n6. Total 141+151 \n2,118,239.97 \n2,013,343.13 \n1,871,514.58 \n2,118,239.97 \n1,871,514.58", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "645d4d8d8b896eee", "content": "[TABLE] Company: ICICI | Year: FY2025 | Section: March \nDecember \nMarch \nI \nMarch I > C \nTreasury \n137.562.04 \n142.951.22 \n137,386.24 \n137.562.04 \n137,386.24 \nd \nOther Banking \n7,538.02 \n7,052.63 \n6,212.00 \n7.538.02 \n6.212.00 \n• Unollocoted \n13.100 00 \n13.100,00 \n13.100.00 \n13.100.00 \n13,100.00 \nTotal Hgment liabilities \n1,828,103.87 \n1,741,700.19 \n1,833,115.26 \n1,826,183.67 \n1,833,115.26 \n5. Caoital emoloved \n292,070.30 \n271,842.94 \n238,399.32 \n292.070.30 \n238,399.32 \n6. Total 141+151 \n2,118,239.97 \n2,013,343.13 \n1,871,514.58 \n2,118,239.97 \n1,871,514.58 | Page: 11\n\n| Sr, no. | Particulars |  | Three months ended |  |  | Year ended |  |\n|---|---|---|---|---|---|---|---|\n|  |  |  | March 31, 2025 IQ4•2025)u | December 31, 2024 (Q3-2025) | March 31, 2024 IQ4-2024lu | March 31, 2025 fFY20251 | March 31, 2024 fFY20241 |\n|  |  |  | (Audited) | (Unaudited) | (Audited) | (Audited) | (Audited) |\n| 1. | Interest earned fal+lb)+(c)+(d) |  | 48,386.92 | 47,037.12 | 42,606.72 | 186.331.47 | 159,515.92 |\n|  | a) | Interest/discount on advances/bills | 34,547.45 | 33,799.92 | 30,970.34 | 133,243.71 | 116,589.78 |\n|  | bl | Income on investments | 11,928.09 1,052.19 859.19 31,360.85 | 11,778.83 | 10.473.02 | 47.302.54 | 38,107.07 |\n|  | c) | Interest on balances with Reserve Bonk of India and other inter•bank funds |  | 822.27 | 687.25 | 3,428.66 | 2.649.88 |\n|  | dl | Others |  | 636.10 | 476.11 | 2,356.56 | 2,169.19 |\n| 2. | Other income fel+ffl |  |  | 27,589.44 | 24,574.98 | 108,255 47 | 76,521.80 |\n|  | el Premium and other operatino income from insurance business |  | 22.372.74 | 18,181.62 9,407.82 | 16,889.16 | 70,900.83 | 45,852.81 |\n|  | fl Others |  | 8.988.11 |  | 7,685.82 | 37,354.64 | 30,668.99 |\n| 3, | TOTAL INCOME f1l+l2l |  | 79,747.77 | 74,626,56 | 67,181.70 | 294,586,94 | 236,037.72 |\n| 4. | Interest excended |  | 23,047.32 | 22,633.41 | 20.423.73 | 89,027.65 | 74,108.16 |\n| 5. | Oceratina excenses lal+lhl+lil a) Emolovee cost |  | 36,647.64 | 32,242.27 | 29,906.42 | 127,799.98 | 97,782.79 |\n|  | a) |  | 5,797.01 | 5,673.89 18.884.48 | 4,949.23 | 23,629.94 | 19,171.98 |\n|  | h) | Claims and benefits paid and other expenses pertaining to insurance bu!.ine!.s | 22,933.43 |  | 17,933.79 | 73,806.18 | 50.260.12 |\n|  | il | Other oceratinq excenscs | 7,917.20 | 7.683.90 | 7,023.40 50,330.15 | 30,363.86 | 28,350.69 |\n| 6. | TOTAL EXPENDITURE EXCLUDING PROVISIONS AND CONTINGENCIES lt41+151 |  | 59,694,96 | 54,875.68 |  | 216,827.63 77,759.31 | 171,890,95 64,146.77 |\n| 7. | OPERATING PROFIT BEFORE PROVISIONS ANO CONTINGENCIES 1,~1-1,;1 |  | 20,052.81 | 19,750.88 | 16,851.55 |  |  |\n| 8. | Provisions (other than taxi and continaencies |  | 940.13 | 1,267.86 | 697.91 | 4,905.76 | 3,712.41 |\n| 9. | PROFIT FROM ORDINARY ACTIVITIES BEFORE EXCEPTIONAL ITEMS AND ITl>.Y 171-181 |  | 19,112.68 | 18.483.02 | 16,153.64 | 72,853.55 | 60,434.36 |\n| 10. 11. | Exceptional items Add: Share cf crafit in associates |  | .. | .. | .. | .. | .. |\n| 12. | PROFIT FROM ORDINARY ACTIVITIES BEFORE TAX AND MINORITY I IIJTCRl'C:T /Q\\_/101+1111 |  | 30.32 19,143.00 | 18.28 18,501.30 | 227.32 16,380.96 | 150.66 73,004.21 | 1,073.77 61,508.13 |\n| 13. | Tax expense til+lkl |  | 4,789,31 | 4,654.41 | 4,180.91 | 18,434.83 | 15.427.62 |\n|  | ii Current tax |  | 4,390.79 | 4,797.23 | 2,736.77 | 17,497.17 | 13,693,30 |\n|  | kl Deferred tax |  | 398.52 | (142.82) | 1,444.14 | 937.66 | 1,734.32 |\n| 14. | Less: Share of crafit/llossl al minoritv shareholders |  | 851.47 | 963.52 | 528.53 | 3,540.18 | 1,824.14 |\n| 15. | NET PROFIT FROM ORDINARY ACTIVITIES AFTER TAX 112l-113H l41 |  | 13,502.22 | 12,883.37 | 11,671.52 | 51,029.20 .. | 44,256.37 |\n| 16. | Extraordinary items (net of tax exnense) |  | .. | .. | .. |  | .. |\n| 17. | NET PROFIT FOR THE PERIOD (15)-(16) |  | 13,502.22 | 12,883,37 | 11,67L52 | 51,029,20 | 44,256.37 |\n| 18. | Paid-uo eauitv share cacital lfoce value 't 2/-ea chi |  | 1.424.60 | 1.412.11 | 1,404.68 | 1,424.60 306,631.95 | 1,404.68 |\n| 19, | Reserves excludinci revaluation reserves |  |  |  |  |  | 250,222.56 |\n| 20. | EarninQs cer shore IEPSl |  |  |  |  |  |  |\n|  | Basic EPS before and after extraordinary items, net of tax expense (in \"I |  | 19.11 | 18.26 | 16.63 | 72.41 | 63.19 |\n|  | Diluted EPS bclcre and after extraordinary items, net al tax expense (in '!) |  | 18.84 | 17.95 | 16.32 | 71.14 | 61.96 |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "C \nTreasury \n137.562.04 \n142.951.22 \n137,386.24 \n137.562.04 \n137,386.24 \nd \nOther Banking \n7,538.02 \n7,052.63 \n6,212.00 \n7.538.02 \n6.212.00 \n• Unollocoted \n13.100 00 \n13.100,00 \n13.100.00 \n13.100.00 \n13,100.00 \nTotal Hgment liabilities \n1,828,103.87 \n1,741,700.19 \n1,833,115.26 \n1,826,183.67 \n1,833,115.26 \n5. Caoital emoloved \n292,070.30 \n271,842.94 \n238,399.32 \n292.070.30 \n238,399.32 \n6. Total 141+151 \n2,118,239.97 \n2,013,343.13 \n1,871,514.58 \n2,118,239.97 \n1,871,514.58", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "2f15781464aa33da", "content": "[TABLE] Company: ICICI | Year: FY2025 | Section: March \nDecember \nMarch \nI \nMarch I > C \nTreasury \n137.562.04 \n142.951.22 \n137,386.24 \n137.562.04 \n137,386.24 \nd \nOther Banking \n7,538.02 \n7,052.63 \n6,212.00 \n7.538.02 \n6.212.00 \n• Unollocoted \n13.100 00 \n13.100,00 \n13.100.00 \n13.100.00 \n13,100.00 \nTotal Hgment liabilities \n1,828,103.87 \n1,741,700.19 \n1,833,115.26 \n1,826,183.67 \n1,833,115.26 \n5. Caoital emoloved \n292,070.30 \n271,842.94 \n238,399.32 \n292.070.30 \n238,399.32 \n6. Total 141+151 \n2,118,239.97 \n2,013,343.13 \n1,871,514.58 \n2,118,239.97 \n1,871,514.58 | Page: 12\n\n| Particulars | At |  |  |\n|---|---|---|---|\n|  | March 31, 2025 | December 31, 2024 | March 31, 2024 |\n|  | (Audited) | (Unaudited) | (Audited) |\n| Capital and Liabilities |  |  |  |\n| Capitol | 1,424.60 | 1,412.11 | 1,404.68 |\n| Employees stock options/units outstanding | 2,069.84 | 1,801.66 | 1,405.32 |\n| Reserves and surplus | 310.411.47 | 289.472.72 | 253.333.84 |\n| Minority intcrc~t | 14,836.74 | 15,642.90 | 13,888.42 |\n| Deposits | 1,641,637.40 | 1,551,165.62 | 1.443.579.95 |\n| Borrowings (includes subordinated debt) | 218,883.44 | 217,007.20 | 207,428.00 |\n| Policyholders' funds | 294,305.56 | 294,558.26 | 281,318.33 |\n| Other liabilities and provisions | 158,672.36 | 160,427.09 | 161,704.49 |\n| Total Capital and Liabilities | 2,642,241.41 | 2,531,487.56 | 2,364,063.03 |\n| Assets |  |  |  |\n| Cash and balances with Reserve Bonk of Indio | 120.240.91 | 75,931.64 | 89,943.02 |\n| Balances with banks and money at coll and short notice | 93,782.55 | 96,580.68 | 72,825.88 |\n| Investments | 886,376 81 | B49.417.41 | 827.162.51 |\n| Advances | 1,420,663.71 | 1,397,265.27 | 1,260,776.20 |\n| Fixed assets | 15,812.42 | 14,692.82 | 13.240.28 |\n| Other assets | 96,905.58 | 94,689.56 | 97,640.98 |\n| Goodwill on consolidation | 8.459.43 | 2,910.18 | 2.474.16 |\n| Total Assets | 2,642,241.41 | 2,531,487.56 | 2,364,063.03 |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "C \nTreasury \n137.562.04 \n142.951.22 \n137,386.24 \n137.562.04 \n137,386.24 \nd \nOther Banking \n7,538.02 \n7,052.63 \n6,212.00 \n7.538.02 \n6.212.00 \n• Unollocoted \n13.100 00 \n13.100,00 \n13.100.00 \n13.100.00 \n13,100.00 \nTotal Hgment liabilities \n1,828,103.87 \n1,741,700.19 \n1,833,115.26 \n1,826,183.67 \n1,833,115.26 \n5. Caoital emoloved \n292,070.30 \n271,842.94 \n238,399.32 \n292.070.30 \n238,399.32 \n6. Total 141+151 \n2,118,239.97 \n2,013,343.13 \n1,871,514.58 \n2,118,239.97 \n1,871,514.58", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ebb16f0d90210601", "content": "[TABLE] Company: ICICI | Year: FY2025 | Section: March \nDecember \nMarch \nI \nMarch I > C \nTreasury \n137.562.04 \n142.951.22 \n137,386.24 \n137.562.04 \n137,386.24 \nd \nOther Banking \n7,538.02 \n7,052.63 \n6,212.00 \n7.538.02 \n6.212.00 \n• Unollocoted \n13.100 00 \n13.100,00 \n13.100.00 \n13.100.00 \n13,100.00 \nTotal Hgment liabilities \n1,828,103.87 \n1,741,700.19 \n1,833,115.26 \n1,826,183.67 \n1,833,115.26 \n5. Caoital emoloved \n292,070.30 \n271,842.94 \n238,399.32 \n292.070.30 \n238,399.32 \n6. Total 141+151 \n2,118,239.97 \n2,013,343.13 \n1,871,514.58 \n2,118,239.97 \n1,871,514.58 | Page: 13\n\n| Particulars |  | Year ended |  |\n|---|---|---|---|\n|  |  | March 31, 2025 IFY2025l | March 31,2024 IFY2024l |\n|  |  | (Audited) | (Audited) |\n| Cash flow from/(u1ed in) operating activities |  |  |  |\n| Profit/(loss) before taxes |  | 69.464.03 | 59,683.99 |\n| Adjustments far. |  |  |  |\n| Depreciation and amortisation |  | 2,690.38 | 1.995 89 |\n| Net loocreciotionl/decreciotion on investments |  | (102.32) | 1,617.20 |\n| Provi!iion in respect of non•perlorming and other assets |  | 4,127.25 | 963.57 |\n| General provision for standard assets |  | 701.14 | 1,165.85 |\n| Provision for contingencies & others |  | (722.74) | 878.02 |\n| (Profit)noss on sale of fixed assets |  | (43.91) | (14.41) |\n| Employees stock options expense |  | 790.15 | 702.91 |\n|  | (ii | 76,903.98 | 66,993.02 |\n| Adjustments far. |  |  |  |\n| (lncrease)/decreose in investments |  | 7,501.41 | 16,735.53 |\n| (tncreasc)/dccrease in advances |  | (164,019.75) | (178,264.68) |\n| lncrease/(decrease) in deposits |  | 198,057.45 | 232,993.01 |\n| (lncrease)/decreose in other asset:; |  | (517.64) | 1,881.88 |\n| lncrease/(decrease) in other liabilities and provisions |  | 22,996.27 | 30,289,32 |\n|  | (ii) | 64.017,74 | 103,635.06 |\n| Refund/(payment) of direct taxes | (iii) | (18,116 46) | (13,343.60) |\n| Net cash flow fram/(used in) operating activities (i)+(ii)+(iii) | (A) | 122,805.26 | 157,284.48 |\n| Cash flow from/(uacd in) investing activities |  |  |  |\n| Purchase of fixed assets |  | (4,770.00) | (3,678.54) |\n| Proceeds from sale of lixed assets |  | 64.61 | 69.89 |\n| (Purchase)/sole of held to maturity securities |  | (72.582.97) | (142,322.44) |\n| Net cash flow from/(used in) investing activities | (8) | (77,288.36) (145,931.09) |  |\n| Cash flow from/(used in) financing activities |  |  |  |\n| Proceeds from issue of shore capitol (including ESOPs) |  | 1.437.52 | 1.170.87 |\n| Proceeds from long-term borrowings |  | 40,446 49 | 39.196.82 |\n| Repayment of long-term borrowings |  | (39,933.10) | (39,146.88) |\n| Net proceeds/(repayment) of short-term borrowings |  | 10,679.59 | 18,142.30 |\n| Dividend paid |  | (7,041.27) | (5,598.60) |\n| Net cash flow from/(used in) financing activities | (C) | 5,589.23 | 13,764.51 |\n| Effect of exchange fluctuation on trantlation rctcrvc | (DI | 148.43 | 423.« |\n| I Net 1ncrea1e/(aec.rea1eJ 1n ca,n ana ca,n equ1va1enh (A) + (8) + (C) + (D) |  | 51,254.56 | 25,541.34 |\n| Cash and cash equivalentt at beginning of the year |  | 162,768,90 | 136,456,49 |\n| Add: Addition of ICICI Lombard General Insurance Company Limited and I-Process Services (India) Private Limited as a subsidiary in consolidation during the year |  | .. | 771,07 |\n| Cash and cash equivalents at end of the year |  | 214,023.46 | 162,768.90 |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "C \nTreasury \n137.562.04 \n142.951.22 \n137,386.24 \n137.562.04 \n137,386.24 \nd \nOther Banking \n7,538.02 \n7,052.63 \n6,212.00 \n7.538.02 \n6.212.00 \n• Unollocoted \n13.100 00 \n13.100,00 \n13.100.00 \n13.100.00 \n13,100.00 \nTotal Hgment liabilities \n1,828,103.87 \n1,741,700.19 \n1,833,115.26 \n1,826,183.67 \n1,833,115.26 \n5. Caoital emoloved \n292,070.30 \n271,842.94 \n238,399.32 \n292.070.30 \n238,399.32 \n6. Total 141+151 \n2,118,239.97 \n2,013,343.13 \n1,871,514.58 \n2,118,239.97 \n1,871,514.58", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "0282603b1f2e089f", "content": "[TABLE] Company: ICICI | Year: FY2025 | Section: March \nDecember \nMarch \nI \nMarch I > C \nTreasury \nI \n164.653.06 \n169.403.66 \n166.411.24 \n164,653.06 \n166.411.24 | Page: 15\n\n| Sr. no. | Particulars | Three months ended |  |  | Year ended |  |\n|---|---|---|---|---|---|---|\n|  |  | Maren 31, 2025 (Q4-2025)u | December 31,2024 (Ql-2025) | Maren 31, 2024 (Q4-2024)u | Moren 31, 2025 (FY2025) | Morch 31, 2024 (FY2024) |\n|  |  | IAuditedl | IUnoudited1 | fAuditedl | fAuditedl | IAuditedl |\n| 1. | Seament revenue |  |  |  |  |  |\n| a | Retail Bankina | 40.617.66 | 39 437.70 | 36 409.82 | 156184.68 | 134.547.57 |\n| b | Wholesale Bonkino | 21.535.91 | 21.119.32 | 18.872.51 | 82.436.21 | 71.780.22 |\n| C | Treasury | 34,775.09 | 34,051.79 | 30.321.38 | 135.042.31 | 113.701.83 |\n| d | Other Banking | 1.763.55 | 2.171.80 | 1.591.49 | 7,508.32 | 6,403.40 |\n| e | Life Insurance | 19.449.14 | 15,550.99 | 17,735.16 | 60.224.24 | 54.236.13 |\n| f | General Insurance | 6.466.22 | 6.462.35 | 1,895.81 | 25,651.09 | 1,895.81 |\n| Q | Others | 4.652.09 | 4.559.87 | 4.012.27 | 18,832.65 | 14,036.87 |\n|  | Total 1eC1ment revenue | 129,259.66 | 123,353.82 | 110,838.« | 485,879.50 | 396 601.83 |\n|  | Less: Inter seament revenue | 49.511.89 | 48.727.26 | 43.656.74 | 191,292.56 | 160 564.11 |\n|  | Income from ooerations | 79 747.77 | 74 626.56 | 67181.70 | 294 586.94 | 236 037.72 |\n| 2. | Segmental retufta (i.e. Profit before tax and minoritv interest) |  |  |  |  |  |\n| a | Retail Bankina | 6 493.42 5 332.36 |  | 5 486.11 | 21.621.04 | 18,849.17 |\n| b | Wholesale Bonkina | 5.551.79 5,903.24 |  | 5.475.96 | 21.564.63 | 19.971.71 |\n| C | Treasury | 4.462.54 4,222.35 |  | 3,241.76 | 18,750.32 | 14.640.88 |\n| d | Other Bankino | 408.63 421.68 |  | 361.14 | 1451.19 | 1638 40 |\n| e | Life Insurance | 414.12 375.72 |  | 234.34 | 1.336.43 | 923.23 |\n| f | General Insurance | 668.18 | 960.09 | 220.47 | 3,321.29 | 220.47 |\n| Q | Others | 1.784.33 | 1.791.61 | 1,622.90 | 7.423.08 | 6,009.70 |\n|  | Total segment results | 19 783.01 | 19 007.05 | 16 642.68 | 75 467.98 | 62 253.56 |\n|  | Less: Inter seament adjustment | 670.33 | 524.03 | 489.04 | 2.614.43 | 1,819.20 |\n|  | Add: Share of crofit in associates | 30.32 | 18.28 | 227.32 | 150.66 | 1,073.77 |\n|  | Profit before tax and minoritv interest | 19,143.00 | 18,501.30 | 16,380.96 | 73,004.21 | 61,508.13 |\n| 3. | Segment auets |  |  |  |  |  |\n| 0 | Retail Banking | 792.930.19 | 776.300.69 | 719.313.62 | 792.930.19 | 719.313.62 |\n| b | Wholesale Bankina | 548,269.82 | 539,703.97 | 482,456.10 | 548,269.82 | 482.456.10 |\n| C | Treasury 722.733.26 |  | 643.464 46 | 634,054.80 | 722.733.26 | 634,054 80 |\n| d | Other Banking I 102.559.47 |  | 101.630.96 | 89,305.62 | 102.559.47 | 89.305.62 |\n| e | Life Insurance | 314.088.54 | 313.562.01 | 298.795.29 | 314.088.54 | 298,795.29 |\n| f | General Insurance | 68,561.74 | 67.543.65 | 62.831.70 | 68,561.74 | 62,831.70 |\n| g | Others Unallocated | 102.968.20 | 96.324.74 | 87.996.61 | 102.968.20 | 87.996.61 |\n| h |  | 5,533.91 | 5,850.67 | 7.571.17 | 5.533.91 | 7,571.17 |\n|  | Total | 2,657,645.13 | 2,544,381.15 | 2,382 324.91 | 2,657,645.13 | 2,382,324.91 |\n|  | Less: Inter segment adiustment | 15.403.72 | 12,893.59 | 18.261.88 | 15.403.72 | 18.261.88 |\n|  | Total 1egment assets | 2,642,241.41 | 2,531,487.56 | 2,364,063.03 | 2,642,241.41 | 2,364,063.03 |\n| 4. | Seament liabilitiu |  |  |  |  |  |\n| a | Retail Bonkina 1.111,966.22 |  | 1.075,549.50 1.019.845.49 |  | 1.111.966.22 | 1.019.845.49 |\n| b | Wholesale Banking 555.997.39 |  | 503.046.84 456.571.53 |  | 555,997.39 | 456,571.53 |\n| C | Treasury I 164.653.06 Other Banking 53.777.64 |  | 169.403.66 166.411.24 |  | 164,653.06 | 166.411.24 |\n| d |  | 53.777.64 | 52,902.37 55.134.33 |  | 53.777.64 | 55.134.33 |\n| e | Life Insurance | 302.298.83 | 302.174 49 287.991.47 |  | 302.298 83 | 287.991.47 |\n| f | General Insurance | 54.036.44 | 53,531.30 50,358.96 |  | 54.036 44 | 50,358.96 |\n| a | Others | 87.909.64 | 81.986.50 76.768.05 |  | 87,909.64 | 76.768.05 |\n| h | Unallocated | 13.100.00 | 13.100.00 13.100.00 |  | 13.100 00 | 13.100.00 |\n|  | Toto! | 2 343,739.22 | 2,251,694.66 2,126 181.07 |  | 2 343,739.22 | 2,126 181.07 |\n|  | Less: Inter seomcnt odiustmcnt | 15.403.72 | 12.893.59 18.261.88 |  | 15.403.72 | 18,261.88 |\n|  | Total 1eqment liabilities | 2,328,335.50 | 2,238,801.07 2,107,919.19 |  | 2,328,335.50 | 2,107,919.19 |\n| s. | CaDitol emDloved | 313.905.91 | 292,686.49 256,143.84 |  | 313,905.91 | 256,143.84 |\n| 6. | Totol 141+(51 | 2,642,241.41 | 2,531,487.56 2,364,063.03 |  | 2,642,241.41 | 2,364,063.03 |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "C \nTreasury \nI \n164.653.06 \n169.403.66 \n166.411.24 \n164,653.06 \n166.411.24", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "f8c7ed6b8b536431", "content": "[TABLE] Company: ICICI | Year: FY2025 | Section: March \nDecember \nMarch \nI \nMarch I > C \nTreasury \nI \n164.653.06 \n169.403.66 \n166.411.24 \n164,653.06 \n166.411.24 | Page: 17\n\n| Ch | artered Accountant | s |  |  |  | Cha | rtered Accoun | tants |\n|---|---|---|---|---|---|---|---|---|\n| 14t | h Floor, Central B Wi | ng and | North C Wing |  |  | 3rd | Floor, Mistry | Bhavan, |\n| e | sco IT Park 4. esco | Center |  |  |  | Din | shaw Vachha | Road, |\n| We | stern Express Highw | ay, Go | rcgaon (East) |  |  | Chu | rchgatc |  |\n| Mu | mbai - 400 063, Indi | a |  |  |  | Mu | mbai-400 020. | India |\n| Ind | ependent Auditor's | Repor | t |  |  |  |  |  |\n| To | the Board of Direct | ors of | ICICI Bank Limited |  |  |  |  |  |\n| Re | port on the audit of | the Sta | ndalone Annual Fi | nancial | Results |  |  |  |\n|  | Opinion |  |  |  |  |  |  |  |\n|  | We have audited t | he acc | ompanying standalon | e annu | al financial | results | of ICICI Ban | k Limited |\n|  | (hereinafter referred | to as ' | the Bank\") for the y | ear end | ed 31 Marc | h 2025. | at1ached herew | ith. being |\n|  | submitted by the Ba | nk purs | uant to the requirem | ent of | Regulation 3 | 3 and Re | gulation 52(4) | read with |\n|  | Regulation 63 of th | e Secu | rities and Exchange | Board | of India {L | isting Ob | ligations and | Disclosure |\n|  | Requirements) Regu | lations, | '.W 15, as amended (\" | Listing | Regulations | ''). |  |  |\n|  | In our opinion and t | o the b | est of our informatio | n and a | ccording to | the expl | anations given | to us. the |\n|  | aforesaid standalone | annual | financial results: |  |  |  |  |  |\n| a) | arc presented in acc | ordanc | e with the requireme | nts of | Regulation 3 | 3 and R | egulation 52(4) | read with |\n|  | Regulation 63 of the | Listin | g Regulations; and |  |  |  |  |  |\n| b) | give a true and fair | view in | conformity with the | recogni | tion and me | asureme | nt principles la | id down in |\n|  | the applicable Acco | unting | Standards, the releva | nt provi | sions of the | Banking | Regulation Act | . 1949, the |\n|  | applicable circulars | , direc | tions and guidelines | issued | by the Res | erve Ban | k of India (R | BI) c·RBI |\n|  | Guidelines''), and o | ther ac | counting principles g | enerally | accepted in | India of | standalone net | profit and |\n|  | other financial infor | mation | for the year ended 31 | March | 2025. |  |  |  |\n|  | Basis for opinion |  |  |  |  |  |  |  |\n|  | We conducted our a | udit in | accordance with the | Standard | s on Auditi | ng (\"SAs' | \") specified un | der section |\n|  | 143(10) of the Com | panies | Act, 2013 (\"'the Ac | t\"). Our | responsibi | lities und | er those SAs | are further |\n|  | described in the Aud | itor's | Responsibilities for t | he Audi | t of the Sta | ndalone | Annual Financ | ial Results |\n|  | section of our report. | We ar | e independent of the | Bank, in | accordance | with the | Code of Ethic | s issued by |\n|  | the Institute of Char | tered A | ccountants of India t | ogether | with the eth | ical requ | irements that a | re relevant |\n|  | to our audit of the | stand | alone annual financi | al resu | lts, and we | have fu | lfilled our ot | her ethical |\n|  | responsibilities in ac | cordan | ce with these require | ments an | d the Code | of Ethics. | We believe th | at the audit |\n|  | evidence obtained by | us, is s | ufficient and appropr | iate to p | rovide a bas | is for our | opinion on the | standalone |\n|  | annual financial resu | lts. |  |  |  |  |  |  |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "C \nTreasury \nI \n164.653.06 \n169.403.66 \n166.411.24 \n164,653.06 \n166.411.24", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "2f52ad35a5140349", "content": "[TABLE] Company: ICICI | Year: FY2025 | Section: March \nDecember \nMarch \nI \nMarch I > BS R& Co. LLP \nChartered Accountants \nC N K & Associates LLP \nChartered Accountants | Page: 18\n\n| Management's an | d Board of D | irectors' Responsib | ilities for t | he | Standalone Annua | l Financial |\n|---|---|---|---|---|---|---|\n| Results |  |  |  |  |  |  |\n| These standalone | annual financia | l results have been p | repared on | the | basis of the standa | lone annual |\n| financial statement | s. |  |  |  |  |  |\n| The Bank's Manag | ement and the | Board of Directors are | responsible | for | the preparation and | presentation |\n| of these standalon | e annual financ | ial results that give a | true and fa | ir | view of the net prof | it and other |\n| financial informati | on in accordan | ce with the recogniti | on and me | asu | rement principles l | aid down in |\n| Accounting Standa | rds prescribed | under Section 133 of th | e Act read w | ith | relevant rules issue | d thereunder |\n| in so far as they ap | ply to banks. t | he relevant provisions | of the Bank | ing | Regulation Act, 19 | 49, the RBI |\n| Guidelines and ot | her accounting | principles generally | accepted | in | India and in comp | liance with |\n| Regulation 33 an | d Regulation | 52(4) read with Reg | ulation 63 | of | the Listing Regul | ations. This |\n| responsibility also | includes mai | ntenance of adequate | accounting | re | cords in accordan | ce with the |\n| provisions of the A | ct and the RBI g | uidelines for safeguar | ding of the a | sse | ts oft he Bank and fo | r preventing |\n| and detecting frau | ds and other | irregularities; selectio | n and appl | ica | tion of appropriate | accounting |\n| policies; making | judgments an | d estimates that are | reasonabl | e a | nd prudent; and | the design, |\n| implementation an | d maintenance | of adequate internal fin | ancial contr | ols | , that were operating | effectively |\n| for ensuring accur | acy and compl | eteness of the accou | nting record | s, | relevant to the prep | aration and |\n| presentation of the | standalone ann | ual financial results t | hat give a tr | ue | and fair view and a | re free from |\n| material misstatem | ent. whether du | e to fraud or error. |  |  |  |  |\n| In preparing the st | andalone annua | l financial results, the | Managem | ent | and the Board of D | irectors are |\n| responsible for ass | essing the Ban | k's ability to continue | as a going | co | ncern, disclosing, as | applicable. |\n| matters related to g | oing concern a | nd using the going co | ncern basis | of | accounting unless t | he Board of |\n| Directors either int | ends to liquidat | e the Bank or to cease | operations, | or | has no realistic altern | ative but to |\n| do so. |  |  |  |  |  |  |\n| The Board of Direc | tors are respon | sible for overseeing th | e Bank· s fin | anc | ial reporting proces | s. |\n| Auditor's Respons | ibilities for th | e Audit of the Standa | lone Annu | al F | inancial Results |  |\n| Our objectives are | to obtain reaso | nable assurance about | whether the | sta | ndalone annual fina | ncial results |\n| as a whole are free | from material | misstatement, whether | due to frau | d o | r error, and to issue | an auditor's |\n| report that includes | our opinion. R | easonable assurance is | a high level | of | a ssurance. but is not | a guarantee |\n| that an audit cond | ucted in accor | dance with SAs will a | lways detec | t a | material misstatem | ent when it |\n| exists. Misstateme | nts can arise fro | m fraud or error and a | re consider | ed | material if, individua | lly or in the |\n| aggregate, they co | uld reasonably | be expected to influen | ce the econo | mi | c decisions of users t | aken on the |\n| basis of these stan | dalone annual f | inancial results. |  |  |  |  |\n|  |  |  |  |  |  | Page 2 of 4 |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "BS R& Co. LLP \nChartered Accountants \nC N K & Associates LLP \nChartered Accountants", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "e5acfe6a0bc709da", "content": "[TABLE] Company: ICICI | Year: FY2025 | Section: March \nDecember \nMarch \nI \nMarch I > BS R& Co. LLP \nChartered Accountants \nC N K & Associates LLP \nChartered Accountants | Page: 19\n\n| BS R & C | o. LLP |  |  |  | C | N K & Associ | ates LLP |\n|---|---|---|---|---|---|---|---|\n| Chartered | Accountants |  |  |  | Ch | artered Acco | untants |\n| Auditor | 's Responsibilities | for the Au | dit of the St | andalone An | nual Financ | ial Results ( C | ontinued) |\n| As part | of an audit in a | ccordance | with SAs, w | e exercise | professional | judgment an | d maintain |\n| professi | onal skepticism thr | oughout the | audit. We al | so: |  |  |  |\n|  | Identify and assess | the risks of | material mis | statement of t | he standalon | e annual finan | cial results. |\n|  | whether due to frau | d or error. | design and p | erfonn audit | procedures r | esponsive to t | hose risks, |\n|  | and obtain audit ev | idence that | is sufficient | and appropri | ate to provid | e a basis for o | ur opinion. |\n|  | The risk of not det | ecting a ma | terial missta | tement result | ing from fra | ud is higher th | an for one |\n|  | resulting from er | ror, as fra | ud may in | volve collus | ion, forgery. | intentional | omi sions. |\n|  | misrepresentations, | or the over | ride of intern | al control. |  |  |  |\n|  | Obtain an underst | anding of i | nternal contr | ol relevant t | o the audit | in order to d | esign audit |\n|  | procedures that are | appropriat | e in the circu | mstances. U | nder Section | 143(3) (i) of t | he Act, we |\n|  | are also responsible | for expres | sing our opin | ion through a | separate rep | ort on the com | plete set of |\n|  | financial statement | s on\\\\ hethe | r the Bank ha | s adequate in | ternal financi | al controls wit | h reference |\n|  | to financial stateme | nts in place | and the ope | rating effecti | veness of suc | h controls. |  |\n|  | Evaluate the appro | priateness o | f accounting | policies used | and the reas | onableness of | accounting |\n|  | estimates and rela | ted disclos | ures in the | standalone a | nnual financ | ial results m | ade by the |\n|  | Management and B | oard of Dir | ectors. |  |  |  |  |\n|  | Conclude on the ap | propriatene | ss of the Ma | nagement's a | nd Board of D | irectors' use o | f the going |\n|  | concern basis of a | ccounting a | nd. based o | n the audit e | vidence obta | ined. whether | a material |\n|  | uncertainty exists | related to | events or c | onditions tha | t may cast | significant do | ubt on the |\n|  | appropriateness of | this assum | ption. If we | conclude that | a material u | ncertainty exi | sts. we are |\n|  | required to draw a | nention in | our auditor's | report to the | related disc | losures in the | standalone |\n|  | annual financial re | sults or. if | such disclo | sures are ina | dequate. to | modify our op | inion. Our |\n|  | conclusions are ba | sed on the | audit eviden | ce obtained | up to the dat | e of our audit | or· s report. |\n|  | However. future e | vents or co | nditions ma | y cause the | Bank to ceas | e to continue | as a going |\n|  | concern. |  |  |  |  |  |  |\n|  | Evaluate the overa | ll presenta | tion, structur | e and conte | nt of the sta | ndalone annu | al financial |\n|  | results. including t | he disclosur | es, and whet | her the stand | alone annual | financial resul | ts represent |\n|  | the underlying tran | sactions an | d events in a | manner that | achieves fair | presentation. |  |\n| We commu | nicate with those c | harged with | governance | regarding. a | mong other m | atters. the pla | nned scope |\n| and timing | of the audit and si | gnificant a | udit findings | . including a | ny significan | t deficiencies | in internal |\n| control that | we identify during | our audit. |  |  |  |  |  |\n| We also pr | ovide those charge | d with goY | ernance with | a statement | that we hav | e complied w | ith relevant |\n| ethical req | uirements regarding | independe | nce, and to c | ommunicate | with them a | ll relationship | s and other |\n| matters tha | t may reasonably | be thought | to bear on | our indepen | dence. and | where applica | ble, related |\n| safeguards. |  |  |  |  |  |  |  |\n|  |  |  |  |  |  |  | Page 3 of 4 |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "BS R& Co. LLP \nChartered Accountants \nC N K & Associates LLP \nChartered Accountants", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "a63ee45fbdec0a8c", "content": "[TABLE] Company: ICICI | Year: FY2025 | Section: March \nDecember \nMarch \nI \nMarch I > Page 4 of 4 | Page: 20\n\n| BS | R& Co. LLP |  |  |  | C | N K & Assoc | iates LLP |\n|---|---|---|---|---|---|---|---|\n| Ch | artered Accountants |  |  |  | C | hartered Acc | ountants |\n| Ot | her Matters |  |  |  |  |  |  |\n|  | a. The standalone a | nnual financial results | or the | Bank for the | year en | ded 31 March | 202-1 were |\n|  | audited by the p | redecessor auditors. T | he pred | ecessor audito | rs had | expressed an | unmodified |\n|  | opinion on 27 Ap | ril 2024. |  |  |  |  |  |\n|  | b. The standalone a | nnual financial results | include | the results for | the qua | rter ended 31 | March 2025 |\n|  | being the balanc | ing figure between the | audited | figures in res | pect of t | he full financi | al year and |\n|  | the published un | audited year to date fig | ures up | to the third qu | a11er of | the current fi | nancial year |\n|  | which were subj | ect to limited review by | us. |  |  |  |  |\n|  | For B S R & Co. LLP |  |  |  |  |  |  |\n|  | Chartered Accountants |  |  | c | ountants |  |  |\n|  | Firm Registration no.: | 101248W/W-I 00022 |  | r | tion no. | : 101961 W/W | l 00036 |\n|  | Ashwin Suvarna |  |  | anish Samp | at |  |  |\n|  | Partner |  | P | artner |  |  |  |\n|  | Membership o.: 10950 | 3 |  | Membership N | o.: 1016 | 8-l |  |\n|  | UDI : 25109503BMOQ | AZ9452 |  | UDI : 251016 | 84BMM | LLT4919 |  |\n|  | Place: Mumbai |  |  | Place: Mumba | i |  |  |\n|  | Date: 19 April :W25 |  |  | Date: 19 April | 2025 |  |  |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "March \nDecember \nMarch \nI \nMarch I", "subsection": "Page 4 of 4", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "8259ceff438d361e", "content": "[TABLE] Company: ICICI | Year: FY2025 | Section: on the consolid \n..--'~.,-~-=-•~ -\nsuits. | Page: 21\n\n| 8 SR& Co. LL | P |  |  |  | C N K & Ass | ociates LLP |\n|---|---|---|---|---|---|---|\n| Chartered Accou | ntants |  |  |  | Chartered Ac | countants |\n| 14th Floor, Centra | l B Wing and orth | C Wing |  |  | 3rd Floor, Mi | stry Bhavan. |\n| Nesco IT Park 4. | Nesco Center |  |  |  | Dinshaw Vac | hha Road. |\n| Western Express | Highway, Goregaon | (East) |  |  | Churchgate |  |\n| Mumbai - 400 0 | 63, India |  |  |  | Mumbai-400 | 020. India |\n| Independent Au | ditor's Report |  |  |  |  |  |\n| To the Board of | Directors of ICICI | Bank Li | mited |  |  |  |\n| Report on the a | udit of the Consolida | ted An | nual Financia | l Results |  |  |\n| Opinion |  |  |  |  |  |  |\n| We have audite | d the accompanyin | g conso | lidated annua | l financial result | s of ICICI | Bank Limited |\n| (hereinafter refer | red to as the ··Bank'') | and its s | ubsidiaries (B | ank and its subsidi | aries togethe | r referred to as |\n| .. the Group. . ), an | d its associates for th | e year e | nded 31 March | 2025, attached h | erewith, bein | g submitted by |\n| the Bank pursuan | t to the requirement o | f Regul | ation 33 and R | egulation 52(4) re | ad with Regul | ation 63 of the |\n| Securities and E | xchange Board of Ind | ia (List | ing Obligation | s and Disclosure | Requirements | ) Regulations. |\n| 2015, as amende | d (\"Listing Regulatio | ns\"), ex | cept for the d | isclosures prescrib | ed by the Re | serve Bank of |\n| India (the 'RBI') | relating to consolidat | ed Pillar | 3 disclosures | as at 31 March 20 | 25. including | leverage ratio. |\n| liquidity coverag | e ratio and net stabl | e fundi | ng ratio under | Basel Ill Capita | l Regulations | as have been |\n| disclosed on the | Bank's website and in | respect | of which a lin | k has been provide | d in Note 8 to | the Statement |\n| and have not bee | n audited by us. |  |  |  |  |  |\n| In our opinion a | nd to the best of our i | nformat | ion and accord | ing to the explana | tions given t | o us and based |\n| on the considerat | ion of reports of othe | r auditor | s on separate/ | consolidated aud | ited financial | information of |\n| the subsidiaries a | nd associates, the afo | resaid c | onsolidated an | nual financial resu | lts: |  |\n| a. include the a | nnual financial results | of the e | ntities mentio | ned in Annexurc I t | o the aforesa | id consolidated |\n| annual finan | cial results; |  |  |  |  |  |\n| b. are presente | d in accordance with | the req | uirements of R | egulation 33 and | Regulation 5 | 2( 4) read with |\n| Regulation 6 | 3 of the Listing Regu | lations, | except for the | disclosures relatin | g to consolid | ated Pillar 3 as |\n| at 31 March | 2025, including lever | age rati | o, liquidity co | verage ratio and n | et stable fund | ing ratio under |\n| Basel Ill Ca | pital Regulations as h | ave bee | n disclosed on | the Bank's websi | te and in resp | ect of which a |\n| link has been | provided in Note 8 t | o the St | atement and h | ave not been audit | ed by us; and |  |\n| c. give a true a | nd fair view in confo | rmity w | ith the recogni | tion and measure | ment principl | es laid down in |\n| the applicabl | e Accounting Standa | rds. the | relevant provis | ions of the Bankin | g Regulation | Act, 1949. the |\n| applicable c | irculars, directions a | nd guid | elines issued | by the Reserve | Bank of Indi | a (RBI) ( .. RBI |\n| Guidelines'\") | and guidelines issu | ed by I | nsurance Reg | ulatory and Devel | opment Aut | hority of India |\n| (·'IRDAI gu | idelines. . ) as applica | ble, and | other account | ing principle. ge | nerally accep | ted in India of |\n| consolidated | net profit and other f | inancial | information o | f the Group for the | year ended 3 | 1 March 2025. |\n| Basis for Opi | nion |  |  |  |  |  |\n| We conducted o | ur audit in accordan | ce with | the Standards | on Auditing c·SA | s'') specified | under section |\n| 143( I 0) of the C | ompanies Act, 2013 (. | . the Act | .. ). Our respon | sibilities under tho | se SAs are fu | rther described |\n| in the Auditor's | Responsibilities.for th | e Audit | oft he Consoli | dated Annual Fin | ancial Result | s section of our |\n| report. We are in | dependent of the Gro | up and i | ts associates in | accordance with | the Code of E | thics issued by |\n| the Institute of C | hartered Accountant | s of Indi | a together wit | h the ethical requ | irements that | are relevant to |\n| our audit of the c | onsolidated annual fi | nancial r | esults, and we | have fulfilled our | other ethical | responsibilities |\n| in accordance w | ith these requirements | and the | Code of Ethic | s. We believe that | the audit evi | dence obtained |\n| by us, along wit | h the consideration o | f reports | of the other a | uditors referred to | in sub parag | raph no.(a) and |\n| (b) of the \"Other | tu>,i~=ni!~u- | elow, is | sufficient and | appropriate to pr | ovide a basis | for our opinion |\n| on the consolid | ..--'~.,-~-=-•~ - | suits. |  | . s |  |  |\n|  |  |  | i(C | J),.\\ ' |  | Page I of7 |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 21, "section": "on the consolid \n..--'~.,-~-=-•~ -\nsuits.", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "c1010c971d58f1a1", "content": "[TABLE] Company: ICICI | Year: FY2025 | Section: on the consolid \n..--'~.,-~-=-•~ -\nsuits. > Auditor's Responsibilities for the Audit of the Consolidated Annual Financial Results | Page: 22\n\n| BS R & Co. LLP |  |  |  |  |  | C K & A | ssociates LLP |\n|---|---|---|---|---|---|---|---|\n| Chartered Accoun | tants |  |  |  |  | Chartered | Accountants |\n| Management's a | nd Boa | rd of Direc | tors' Respon | sibi | lities for t | he Consolidat | ed Annual |\n| Financial Resul | ts |  |  |  |  |  |  |\n| These consolidated | annual f | inancial resu | lts have been pr | epa | red on the b | asis of the cons | olidated annual |\n| financial statements | . |  |  |  |  |  |  |\n| The Bank· s Manag | ement and | the Board o | f Directors are re | spo | nsible for th | e preparation and | presentation of |\n| these consolidated | annual fin | ancial result | s that give a true | and | fair view o | f the consolidate | d net profit and |\n| other financial info | rmation | of the Group | including its ass | oci | ates in acco | rdance with the | recognition and |\n| measurement princ | iples laid | down in Acc | ounting Standar | ds p | rescribed un | der Section 133 | of the Act read |\n| with relevant rules i | ssued the | reunder in so | far as they apply | to | banks, the re | levant provisions | of the Banking |\n| Regulation Act. 194 | 9, the RB | I Guidelines | and guidelines i | ssue | d by Insuran | ce Regulatory an | d Development |\n| Authority of 1n dia ( | \"'IR DA I | guide Ii nes\"). | as applicable, an | d ot | her accounti | ng princi pies gen | erally accepted |\n| in India and in com | pliance w | ith Regulatio | n 33 and Regula | tion | 52(4) read | with Regulation 6 | 3 of the Listing |\n| Regulations. The re | spective | Management | and Board of D | irec | tors of the c | ompanies includ | ed in the Group |\n| and of its associates | are respo | nsible for m | aintenance of ade | qua | te accountin | g records in acco | rdance with the |\n| provisions of the | Act and t | he RBI guid | elines for safegu | ard | ing of the a | ssets of each co | mpany and for |\n| preventing and dete | cting frau | ds and other | irregularities; se | lecti | on and appli | cation ofa pprop | riate accounting |\n| policies; making ju | dgments | and estimates | that are reasona | ble | and prudent | ; and the design, | implementation |\n| and maintenance o | f adequa | te internal f | inancial controls | , th | at were op | erating effective | ly for ensuring |\n| accuracy and comp | leteness | of the accoun | ting records, rel | eva | nt to the pre | paration and pre | sentation of the |\n| consolidated annua | l financial | results that | give a true and fa | ir v | iew and are | free from materia | l misstatement. |\n| whether due to fra | ud or err | or, which hav | e been used for | the | purpose of | preparation of t | he consolidated |\n| annual financial res | ults by th | e Manageme | nt and the Board | of | Directors of | the Bank, as afo | resaid. |\n| In preparing the c | onsolidat | ed annual fi | nancial results, | the | respective | Management an | d the Board of |\n| Directors of the co | mpanies | included in t | he Group and o | f its | associates | are responsible f | or assessing the |\n| ability of each com | pany to c | ontinue as a | going concern. d | iscl | osing, as ap | plicable, matters | related to going |\n| concern and using | the going | concern bas | is of accounting | un | less the resp | ective Board of | Directors either |\n| intends to liquidate | the comp | any or to cea | se operations, or | ha | s no realistic | alternative but t | o do so. |\n| The respective Bo | ard of D | irectors of t | he companies i | nclu | ded in the | Group and of i | ts associates is |\n| responsible for ove | rseeing th | e financial r | eporting process | of e | ach compan | y. |  |\n| Auditor's Respo | nsibilit | ies for the | Audit of the | Co | nsolidated | Annual Finan | cial Results |\n| Our objectives are | to obtain | reasonable a | ssurance about | whet | her the cons | olidated annual | financial results |\n| as a whole are free | from m | aterial missta | tement, whether | du | e to fraud or | error. and to is | sue an auditor\"s |\n| report that includes | our opin | ion. Reasona | ble assurance is | a h | igh level of | assurance, but is | not a guarantee |\n| that an audit condu | cted in ac | cordance wit | h SAs will alwa | ys d | etect a mate | rial misstatemen | t when it exists. |\n| Misstatements can | arise from | fraud or err | or and are consid | ere | d material if | , individually or i | n the aggregate, |\n| they could reasona | bly be ex | pected to infl | uence the econo | mic | decisions of | users taken on t | he basis of these |\n| consolidated annua | l financia | l results. |  |  |  |  |  |\n|  |  |  |  |  |  |  | Page 2 of? |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 22, "section": "on the consolid \n..--'~.,-~-=-•~ -\nsuits.", "subsection": "Auditor's Responsibilities for the Audit of the Consolidated Annual Financial Results", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "3c50bcb14069e6d4", "content": "[TABLE] Company: ICICI | Year: FY2025 | Section: on the consolid \n..--'~.,-~-=-•~ -\nsuits. > Auditor's Responsibilities for the Audit of the Consolidated Annual Financial Results | Page: 23\n\n| BS | R & Co. LLP |  |  |  |  | C N K & Ass | ociates LLP |\n|---|---|---|---|---|---|---|---|\n| Cha | rtered Accounta | nts |  |  |  | Chartered A | ccountants |\n| Au | ditor's Respon | sibilities | for the Aud | it of the | Consolidated | Annual Financ | ial Results |\n| (co | ntd.) |  |  |  |  |  |  |\n| As | part of an audit in | accordanc | e with SAs, we | exercise p | rofessional judgm | ent and maintain | professional |\n| skep | ticism throughou | t the audit. | We also: |  |  |  |  |\n|  | Identify and asse | ss the risk | s of material | misstateme | nt of the consoli | dated annual fina | ncial results, |\n|  | whether due to fra | ud or error | , design and pe | rform audi | t procedures respo | nsive to those risk | s. and obtain |\n|  | audit evidence th | at is suffic | ient and appro | priate to p | rovide a basis fo | r our opinion. Th | e risk of not |\n|  | detecting a mater | ial misstat | ement resulting | from frau | d is higher than f | or one resulting f | rom error. as |\n|  | fraud may involv | e collusio | n. forgery. int | entional om | issions. misrepre | sentations, or the | override of |\n|  | internal control. |  |  |  |  |  |  |\n|  | Obtain an underst | anding of i | nternal control | relevant to | the audit in order | to design audit pr | ocedures that |\n|  | are appropriate in | the circum | stances. Unde | r Section I | 43(3) (i) of the A | ct. we are also re | sponsible for |\n|  | expressing our op | inion throu | gh a separate r | eport on th | e complete set of f | inancial statement | s on whether |\n|  | the Bank has adeq | uate intern | al financial co | ntrols with | reference to finan | cial statements in | place and the |\n|  | operating effectiv | eness of su | ch controls. |  |  |  |  |\n|  | Evaluate the app | ropriatene | ss of account | ing policie | s used and the | reasonableness o | f accounting |\n|  | estimates and rela | ted disclos | ures in the con | solidated a | nnual financial re | sults made by the | Management |\n|  | and Board of Dir | ectors. |  |  |  |  |  |\n|  | Conclude on the a | ppropriate | ness of the Ma | nagement\" s | and Board of Dire | ctors' use oft he g | oing concern |\n|  | basis of accounti | ng and, ba | sed on the aud | it evidence | obtained, whethe | r a material unce | rtainty exists |\n|  | related to events o | r condition | s that may cast | significant | doubt on the appr | opriateness of this | assumption. |\n|  | If we conclude t | hat a mater | ial uncertainty | exists. we | are required to d | raw attention in | our auditor\"s |\n|  | report to the relat | ed disclos | ures in the con | solidated a | nnual financial res | ults or. if such di | sclosures are |\n|  | inadequate, to mo | dify our o | pinion. Our co | nclusions ar | e based on the au | dit evidence obtai | ned up to the |\n|  | date of our audi | tor\"s repor | t. However, f | uture even | ts or conditions | may cause the G | roup and its |\n|  | associates to ceas | e to contin | ue as a going c | oncern. |  |  |  |\n|  | Evaluate the ove | rall presen | tation, structur | e and cont | ent of the consoli | dated annual fina | ncial results, |\n|  | including the disc | losures. an | d whether the c | onsolidate | d annual financial | results represent t | he underlying |\n|  | transactions and e | vents in a | manner that ac | hieves fair | presentation. |  |  |\n|  | Obtain sufficient | appropriat | e audit eviden | ce regardin | g the financial inf | ormation of the e | ntities within |\n|  | the Group and its | associates | to express an | opinion on | the consolidated a | nnual financial re | sults. We are |\n|  | responsible for th | e direction | . supervision a | nd perform | ance of the audit | of financial infor | mation of the |\n|  | bank included in | the consol | idated annual | financial re | sults of which w | e are the indepen | dent auditors. |\n|  | For the other enti | ties includ | ed in the conso | lidated ann | ual financial resul | ts, which have be | en audited by |\n|  | other auditors. su | ch other a | uditors remain | responsibl | e for the direction | , supervision and | performance |\n|  | of the audits ca | rried out | by them. We | remain s | olely responsible | for our audit | opinion. Our |\n|  | responsibilities in | this regar | d are further d | escribed in | sub paragraph no | . (a). (b) and (c) | of the \"Other |\n|  | Matters\" paragra | ph in this a | udit report. |  |  |  |  |\n| We | communicate wit | h those ch | arged with gov | ernance of | the Bank and suc | h other entities in | cluded in the |\n| con | solidated annual | financial r | esults of whic | h we are th | e independent au | ditors regarding. | among other |\n| mat | ters. the planned | scope and t | iming of the a | udit and sig | nificant audit find | ings. including a | ny significant |\n| defi | ciencies in intern | al control t | hat we identify | during our | audit. |  |  |\n| We | also provide tho | se charged | with governa | nce with a | statement that w | e have complied | with relevant |\n| ethi | cal requirements | regarding | independence, | and to com | municate with th | em all relationsh | ips and other |\n| mat | ters that may re | asonabl b | e thought to | bear on ou | r independence. | and where appli | cable, related |\n| saf | eguards. |  |  |  |  |  |  |\n|  |  |  |  |  |  |  | Page 3 of7 |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 23, "section": "on the consolid \n..--'~.,-~-=-•~ -\nsuits.", "subsection": "Auditor's Responsibilities for the Audit of the Consolidated Annual Financial Results", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "df67cc590cf60e1b", "content": "[TABLE] Company: ICICI | Year: FY2025 | Section: on the consolid \n..--'~.,-~-=-•~ -\nsuits. > BSR& Co. LLP \nChartered Accountants \nC N K & Associates LLP \nChartered Accountants | Page: 24\n\n| harte | red Accountan | ts |  |  |  | Chartere | d | Accountants |\n|---|---|---|---|---|---|---|---|---|\n| udit | or's Responsi | bilitie | s for the Aud | it of the Conso | lidated | Annual Fin | an | cial Results |\n| ontd | .) |  |  |  |  |  |  |  |\n|  | We also perfor | med pro | cedures in accord | ance with the circ | ular No | CIR/CFD/CMD | I/ 4 | 4/2019 issued |\n|  | by the Securitie | s and | Exchange Board | of India under Re | gulation | 33(8) of the List | ing | Regulations. |\n|  | to the extent ap | plicabl | e. |  |  |  |  |  |\n| ther | Matters |  |  |  |  |  |  |  |\n| a. | The consolidat | ed ann | ual financial resu | lts include the au | dited fin | ancial results o | f I I | subsidiaries, |\n|  | whose financi | al inf | ormation reflect | s total assets ( | before | consolidation | adj | ustments) of |\n|  | Rs. 456,566.45 | crores | as at 31 March 20 | 25, total revenue | (before | consolidation ad | jus | tments) of Rs. |\n|  | 98,392.29 crore | s, total | net profit after ta | x (before consolid | ation ad | justments) of Rs | . 7, | 484.43 crores |\n|  | and net cash ou | tflows | /(inflows) (before | consolidation ad | justmen | ts) of (Rs. 296.5 | 4) | crores for the |\n|  | year ended on t | hat date | . as considered in | the consolidated | annual f | inancial results. | wh | ich have been |\n|  | audited by thei | r respe | ctive independen | t auditors. The c | onsolida | ted annual finan | cia | l results also |\n|  | include the Gro | up's s | hare of total net p | rofit after tax of | Rs. 226. | 84 crores for th | e y | ear ended 31 |\n|  | March 2025, as | consi | dered in the cons | olidated annual fi | nancial r | esults, in respec | t o | f 3 associates |\n|  | whose financia | l infor | mation have bee | n audited by the | ir respe | ctive independe | nt | auditors. The |\n|  | independent au | ditor's | reports on financ | ial information o | f these e | ntities have bee | n fu | rnished to us |\n|  | by the managem | ent. O | ur opinion on the | consolidated ann | ual finan | cial results, in s | o f | ar as it relates |\n|  | to the amounts | and di | sclosures include | d in respect of the | se entiti | es, is based sole | ly | on the reports |\n|  | of such auditors | and th | e procedures per | formed by us are | as stated | in paragraph ab | ove | . |\n| b. | Further, 4 subs | idiaries | company whose | annual financial | informa | tion reflects tot | al | assets (before |\n|  | consolidation a | djustm | ents) of Rs. 29,76 | 6.47 crores as at 3 | 1 March | 2025 and total | rev | enues (before |\n|  | consolidation a | djustm | ents) of Rs. 6,309. | 83 crores and tota | l net pro | fit after tax (befo | re | consolidation |\n|  | adjustments) of | Rs. 1,7 | 53.31 crores for t | he year ended 31 | March 2 | 025 respectively | an | d the net cash |\n|  | outflows/ (inflo | ws) (b | efore consolidati | on adjustments) o | f(Rs. 3, | 600.31) crores fo | r t | he year ended |\n|  | on 31 March 20 | 25, as | considered in the | Statement has be | en audit | ed by one of the | joi | nt auditors of |\n|  | the Bank and o | ur opin | ion on the consol | idated annual fin | ancial re | sults, in so far a | s it | relates to the |\n|  | amounts and di | sclosur | es included in re | spect of these ent | ities. is | based solely on | the | audit reports |\n|  | issued by the su | ch aud | itors and the proc | edures performed | by us ar | e as stated in pa | rag | raph above. |\n| c. | The consolidate | d annu | al financial resul | ts include the una | udited fi | nancial results o | f 3 | subsidiaries. |\n|  | whose financia | l info | miation reflects | total assets (bef | ore con | solidation adju | stm | ents) of Rs. |\n|  | 52,045.0 I crore | s as a | t 31 March 2025 | total revenue (b | efore co | nsolidation adju | st | ments) of Rs. |\n|  | 3,131.41 crores | , total | net profit after ta | x (before consoli | dation ad | justments) of R | s. | 665.95 crores |\n|  | and net cash out | flows/ | (inflows) (before | consolidation adj | ustments | ) of(Rs. 1.692.3 | 9) | crores for the |\n|  | year ended on th | at date | , as considered in | the consolidated | annual f | inancial results. | Th | ese unaudited |\n|  | financial inform | ation h | ave been furnishe | d to us by the Bo | ard of Di | rectors. The con | sol | idated annual |\n|  | financial results | also in | clude the Group' | s share of total ne | t loss aft | er tax of Rs. 76. | 18 | crores for the |\n|  | year ended 31 M | arch 2 | 025, as considere | d in the consolida | ted annu | al financial resu | lts, | in respect of |\n|  | 3 associates. Th | ese un | audited financial | information hav | e been f | urnished to us | by | the Board of |\n|  | Directors and o | ur opin | ion on the consol | idated annual fin | ancial re | sults, in so far a | s it | relates to the |\n|  | amounts and dis | closur | es included in res | pect of these subs | idiaries | and associates is | ba | sed solely on |\n|  | such financial in | forma | tion. In our opinio | n and according t | o the inf | ormation and ex | pla | nations given |\n|  | to us by the Boa | rd of | Directors. these fi | nancial informatio | n are no | t material to the | Gr | oup. |\n|  |  |  |  |  |  |  |  | Page 4 of7 |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 24, "section": "on the consolid \n..--'~.,-~-=-•~ -\nsuits.", "subsection": "BSR& Co. LLP \nChartered Accountants \nC N K & Associates LLP \nChartered Accountants", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "75e31887aa7ddd47", "content": "[TABLE] Company: ICICI | Year: FY2025 | Section: on the consolid \n..--'~.,-~-=-•~ -\nsuits. > BSR& Co. LLP \nChartered Accountants \nC N K & Associates LLP \nChartered Accountants | Page: 25\n\n| Co. LLP |  |  |  | C N | K & Asso | ciates LLP |\n|---|---|---|---|---|---|---|\n| ed Accountants |  |  |  | Char | tered Ac | countants |\n| er Matters (co | ntd.) |  |  |  |  |  |\n| Our opinion on t | he consolidated | annual finan | cial results is | not modified in | respect | of the above |\n| matter with respe | ct to our relianc | e on the wor | k done and th | e reports of the o | ther audi | tors and the |\n| financial informa | tion certified by | the Board o | f Directors. |  |  |  |\n| The statutory aud | itors of ICICI P | rudential Li | fe Insurance | Company Limited | ('ICICI | Life\"), vide |\n| their audit report | dated 15 April 2 | 025 have ex | pressed an un | modified opinion | and have | reported in |\n| the ·Other Matte | r' section that ·T | he actuarial | valuation of | liabilities for life | policies | in force and |\n| policies in respec | t of which premi | um has been | discontinued | but liability exists | as at 31 | March 2025 |\n| is the responsibili | ty of the Compan | y's Appoint | ed Actuary (t | he ··Appointed Ac | tuary\"). T | he actuarial |\n| valuation of these | liabilities for li | fe policies in | force and fo | r policies in respe | ct of whi | ch premium |\n| has been discont | inued but liabili | ty exists as | at 31 March | 2025 has been | duly cert | ified by the |\n| Appointed Actua | ry and in his opi | nion. the as | sumptions for | such valuation ar | e in acco | rdance with |\n| the guidelines and | norms issued b | y the !ROAi | and the Institu | te of Actuaries of | lndia in | concurrence |\n| with the Authori | ty. Accordingly. | the joint a | uditors have | relied upon the | Appointe | d Actuary's |\n| certificate in this | regard for formi | ng their opi | nion on the va | luation of liabiliti | es for lif | e policies in |\n| force and for poli | cies in respect o | f which pre | mium has been | discontinued but | liability | exists in the |\n| standalone financ | ial statements of | the Compa | ny'. |  |  |  |\n| Our opinion is no | t modified in res | pect of this | matter. |  |  |  |\n| The statutory aud | itors of ICICI L | ombard Gen | eral Insuranc | e Company Limit | ed ('ICIC | I General'). |\n| vide their audit | report dated 15 | Apri I 2025 | , have expres | sed an unmodi ti | ed opinio | n and have |\n| reported in the ' | Other Matter' s | ection that. | 'The actuaria | l valuation of lia | bilities i | n respect of |\n| Incurred But No | t Reported ('18 | R'), Incur | red But Not | Enough Reported | ('18 E | R') and the |\n| Premium Deficie | ncy Reserve ('P | DR ') is the | responsibility | of the Company' | s Appoin | ted Actuary |\n| (the •A ppointed | Actuary'). The | actuarial va | luation of the | se liabilities. that | are esti | mated using |\n| statistical method | s as at 31 Marc | h 2025 has | been duly cert | ified by the Appo | inted Ac | tuary and in |\n| his opinion, the | assumptions con | sidered by | him for such | valuation are in | accordan | ce with the |\n| guidelines and n | orms issued by t | he !ROAi a | nd the Institut | e of Actuaries of | India in | concurrence |\n| with !ROAi. The | joint auditors ha | ve relied up | on the Appoi | nted Actuary's cer | tificate i | n this regard |\n| for forming their | opinion on the v | aluation of li | abilities for o | utstanding claims | reserves | and the PDR |\n| contained exists i | n the financial s | tatements of | the Company | ·. |  |  |\n| Our opinion is no | t modified in re | spect of this | matter. |  |  |  |\n| The consolidated | annual financia | l results of | the Group an | d its associates f | or the ye | ar ended 3 I |\n| March 2024 wer | e audited by the | predecessor | auditors. The | predecessor audit | ors had | expressed an |\n| unmodified opini | on on '27 April 2 | 024. |  |  |  |  |\n|  |  |  |  |  |  | Page 5 of7 |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 25, "section": "on the consolid \n..--'~.,-~-=-•~ -\nsuits.", "subsection": "BSR& Co. LLP \nChartered Accountants \nC N K & Associates LLP \nChartered Accountants", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "49be4a1d09c02291", "content": "[TABLE] Company: ICICI | Year: FY2025 | Section: on the consolid \n..--'~.,-~-=-•~ -\nsuits. > BSR& Co. LLP \nChartered Accountants \nC N K & Associates LLP \nChartered Accountants | Page: 26\n\n| BS R & Co. LLP |  |  | C N K & Associates | LLP |\n|---|---|---|---|---|\n| Chartered Accou | ntants |  | Chartered Account | ants |\n| Other Matters | (contd.) |  |  |  |\n| f. The conso | lidated annual financial results include | the results for the | quarter ended 31 March | 2025 |\n| being the | balancing figure between the audited f | igures in respect of | the full financial year a | nd the |\n| published | unaudited year to date figures up to th | e third quarter of th | e current financial year | which |\n| were subj | ect to limited review by us. |  |  |  |\n| For B S R & Co Chartered Accou | . LLP ntants |  |  |  |\n| Firm • ati | on no.: 101248W/W-100022 | Ill (0 | 11/S no.: 101961W/W10003 | 6 |\n| Ashwin Suvarn | a |  |  |  |\n| Partner |  | Partner |  |  |\n| Membership o. | : 109503 | Membership No.: 1 | 01684 |  |\n| UDIN: 2510950 | 3BMOQBA8842 | UDIN: 25101684B | MMLLU1716 |  |\n| Place: Mumbai |  | Place: Mumbai |  |  |\n| Date: 19 April 2 | 025 | Date: 19 April 2025 |  |  |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 26, "section": "on the consolid \n..--'~.,-~-=-•~ -\nsuits.", "subsection": "BSR& Co. LLP \nChartered Accountants \nC N K & Associates LLP \nChartered Accountants", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "26f69bd785ddbade", "content": "[TABLE] Company: ICICI | Year: FY2025 | Section: 4 \nICICI Prudential Asset Management Company Limited \ns \nICICI Prudential Trust Limited \n6 \nICICI Bank UK PLC | Page: 27\n\n|  |  | Relationship |\n|---|---|---|\n| I | ICICI Bank Limited | Parent Entity |\n| 2 | ICICI Prudential Life Insurance Company Limited | Subsidiary |\n| 3 | ICICI Lombard General Insurance Company Limited | Subsidiary |\n| 4 | ICICI Prudential Asset Management Company Limited | Subsidiary |\n| s | ICICI Prudential Trust Limited | Subsidiary |\n| 6 | ICICI Bank UK PLC | Subsidiary |\n| 7 | ICICI Bank Canada | Subsidiary |\n| 8 | ICICI Securities Limited | Subsidiary |\n| 9 | ICICI Securities Holdings Inc. | Subsidiary |\n| 10 | ICICI Securities Inc. | Subsidiary |\n| I I | ICICI Securities Primary Dealership Limited | Subsidiary |\n| 12 | ICICI Venture Funds Management Company Limited | Subsidiary |\n| 13 | ICICI Home Finance Company Limited | Subsidiary |\n| 14 | ICICI Trusteeship Services Limited | Subsidiary |\n| IS | ICICI Investment Management Company Limited | Subsidiary |\n| 16 | ICICI International Limited | Subsidiary |\n| 17 | ICICI Prudential Pension Funds Management Company Limited | Subsidiary |\n| 18 | I-Process Services (India) Private Limited | Subsidiary |\n| 19 | ICICI Strategic Investments Fund | Subsidiary |\n| 20 | FISERV Merchant Solutions Private Limited (erstwhile ICICI Merchant Services Private Limited) | Associate |\n| 21 | NIIT Institute of Finance Banking and Insurance Training Limited | Associate |\n| 22 | India lnfradebt Limited | Associate |\n| 23 | India Advantage Fund-Ill | Associate |\n| 24 | India Advantage Fund-IV | Associate |\n| 25 | Arteria Technologies Private Limited | Associate |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 27, "section": "4 \nICICI Prudential Asset Management Company Limited \ns \nICICI Prudential Trust Limited \n6 \nICICI Bank UK PLC", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "bd9c0fbce775dffa", "content": "[TABLE] Company: ICICI | Year: FY2025 | Section: ,�,��� \nA:;n:-ya �J�erjee | Page: 28\n\n| Apr | il 19, 2025 |  |  |  |  |  |\n|---|---|---|---|---|---|---|\n| BSE | Limited |  |  |  | National Stock Exc | hange of I |\n| Listi | ng Department |  |  |  | Listing Departmen | t |\n| Phir | oze Jeejeebhoy Towers |  |  |  | Exchange Plaza, 5 | th floor |\n| Dal | al Street |  |  |  | Plot No. C/1, G Blo | ck |\n| Mu | mbai 400 001 |  |  |  | Bandra-Kurla Com | plex |\n|  |  |  |  |  | Sandra (East) |  |\n|  |  |  |  |  | Mumbai 400 051 |  |\n| Dea | r Sir, |  |  |  |  |  |\n| Dec | laration under Regula | tio | n 33 of | SEBI | (Listing Obligat | ions and |\n| Dis | closure Requirements) R | eg | ulations, | 2015 | (Listing Regulatio | ns) |\n| Pur | suant to Regulation 33 o | f | Listing Re | gulati | ons, we hereby co | nfirm and |\n| dec | lare that the statutory a | ud | itors of th | e Ban | k, BSR & Co LLP, | Chartered |\n| Acc | ountants and CNK & A | ss | ociates LL | P, C | hartered Accounta | nts, have |\n| issu | ed the audit report on th | e s | tandalone | and c | onsolidated financ | ial results |\n| of t | he Bank for the year ende | d | March 31, | 2025 | with unmodified o | pinion. |\n| We | request you to please tak | e | the above | on rec | ord. |  |\n| You | rs faithfully, |  |  |  |  |  |\n| ,� A:; | ,��� n:-ya �J�erjee |  |  |  |  |  |\n|  | ICICI Bank Limited | Tel | .: (91-22) 265 | 3 1414 | Regd. Office: IC | ICI Bonk Towe |\n|  | ICICI Bonk Towers, | Fa | x: (91-22) 265 | 3 1122 | Near Chokli Circ | le, |\n|  | Bondro-Kurlo Complex. | W | ebsite www.ic | icibonk. | com Old Podro Road | , |\n|  | Mumbai -400 051, Indio. | CI | N ·L65190GJ 1 | 994PLC | 021012 Vadodoro 390 0 | 07, India |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 28, "section": ",�,��� \nA:;n:-ya �J�erjee", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "534c464e6b0d4d3d", "content": "[TABLE] Company: ICICI | Year: FY2025 | Section: /CIC/Bank > The Board of Directors of ICICI Bank Limited (NSE: ICICIBANK, BSE: 532174, NYSE: IBN) \nat its meeting held at Mumbai today, approved the standalone and consolidated \naccounts of the Bank for the quarter ended March 31, 2025 (Q4-2025) and the year \nended March 31, 2025 (FY2025). The statutory auditors have audited the standalone and \nconsolidated financial statements and have issued an unmodified report on the \nstandalone and consolidated financial statements for FY2025. | Page: 29\n\n|  |  |  |  |  |  |  | ICIC ICIC | I Ban I Ban | k Limited k Towers |\n|---|---|---|---|---|---|---|---|---|---|\n|  | /CIC | /B | a | nk |  |  | Ban | dra | Kurla Comple |\n|  |  |  |  |  |  |  | Mum | bai | 400 051 |\n| Ne | ws Release |  |  |  |  |  |  | A | pril 19, 2025 |\n| Per | formance Revie | w: Quarter | ende | d March 3 | 1, 2025 |  |  |  |  |\n| • | Profit before tax | excluding | treas | ury grew | by 13.2% | year-on-y | ear | to ₹ | 16,534 crore |\n|  | (US$ 1.9 billion) | in the qua | rter e | nded Mar | ch 31, 20 | 25 (Q4-20 | 25) |  |  |\n| • | Core operating | profit gre | w by | 13.7% ye | ar-on-y | ear to ₹ 1 | 7,42 | 5 cro | re (US$ 2.0 |\n|  | billion) in Q4-20 | 25 |  |  |  |  |  |  |  |\n| • | Profit after tax | grew by 1 | 8.0% y | ear-on-y | ear to ₹ | 12,630 cro | re (U | S$ 1 | .5 billion) in |\n|  | Q4-2025 |  |  |  |  |  |  |  |  |\n| • | Profit before tax | excluding | treas | ury grew | by 11.4% | year-on-y | ear | to ₹ | 60,713 crore |\n|  | (US$ 7.1 billion) | in the yea | r ende | d March | 31, 2025 | (FY2025) |  |  |  |\n| • | Core operating | profit gre | w by | 12.5% ye | ar-on-y | ear to ₹ 6 | 5,39 | 6 cro | re (US$ 7.6 |\n|  | billion) in FY202 | 5 |  |  |  |  |  |  |  |\n| • | Profit after tax | grew by 1 | 5.5% y | ear-on-y | ear to ₹ | 47,227 cro | re (U | S$ 5 | .5 billion) in |\n|  | FY2025 |  |  |  |  |  |  |  |  |\n| • | Consolidated pr | ofit after t | ax in | creased b | y 15.7% | year-on-y | ear t | o ₹ | 13,502 crore |\n|  | (US$ 1.6 billion) | in Q4-202 | 5 and | by 15.3% | year-on | -year to ₹ | 51,0 | 29 cr | ore (US$ 6.0 |\n|  | billion) in FY202 | 5 |  |  |  |  |  |  |  |\n| • | Total period-end | deposits | grew | by 14.0% | year-on | -year to ₹ | 16,1 | 0,348 | crore (US $ |\n|  | 188.4 billion) at | March 31, | 2025 |  |  |  |  |  |  |\n| • | Average deposi | ts grew b | y 11.4 | % year-o | n-year t | o ₹ 14,86,6 | 35 | crore | (US$ 173.9 |\n|  | billion) in Q4-20 | 25 |  |  |  |  |  |  |  |\n|  | • Average curr | ent accou | nt and | savings | account | (CASA) ra | tio | was | 38.4% in Q4- |\n|  | 2025 |  |  |  |  |  |  |  |  |\n| • | Domestic loan p | ortfolio g | rew b | y 13.9% | year-on- | year to ₹ | 13,1 | 0,98 | 1 crore (US$ |\n|  | 153.4 billion) at | March 31, | 2025 |  |  |  |  |  |  |\n| • | Net NPA ratio d | eclined to | 0.39% | at Marc | h 31, 20 | 25 from 0.4 | 2% | at D | ecember 31, |\n|  | 2024 |  |  |  |  |  |  |  |  |\n| • | Provisioning cov | erage rati | o on n | on-perfor | ming loa | ns was 76. | 2% a | t Ma | rch 31, 2025 |\n| • | Total capital ad | equacy r | atio w | as 16.55 | % and | CET-1 rati | o w | as 1 | 5.94%, on a |\n|  | standalone bas | is, at Mar | ch 31 | , 2025 af | ter reck | oning the | imp | act | of proposed |\n|  | dividend |  |  |  |  |  |  |  |  |\n| • | The Board has | recomme | nded | a dividen | d of ₹ | 11 per sh | are | for | FY2025. The |\n|  | declaration and | payment | of divi | dend is su | bject to | requisite a | ppr | ovals |  |\n| The | Board of Directo | rs of ICICI | Bank | Limited ( | NSE: ICIC | IBANK, BS | E: 53 | 2174 | , NYSE: IBN) |\n| at | its meeting held | at Mum | bai to | day, app | roved th | e standalo | ne | and | consolidated |\n| acc | ounts of the Ba | nk for the | quart | er ended | March 3 | 1, 2025 (Q | 4-20 | 25) | and the year |\n| end | ed March 31, 202 | 5 (FY2025 | ). The | statutory | auditors | have audit | ed th | e sta | ndalone and |\n| con | solidated financ | ial statem | ents | and hav | e issued | an unmo | difie | d re | port on the |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 29, "section": "/CIC/Bank", "subsection": "The Board of Directors of ICICI Bank Limited (NSE: ICICIBANK, BSE: 532174, NYSE: IBN) \nat its meeting held at Mumbai today, approved the standalone and consolidated \naccounts of the Bank for the quarter ended March 31, 2025 (Q4-2025) and the year \nended March 31, 2025 (FY2025). The statutory auditors have audited the standalone and \nconsolidated financial statements and have issued an unmodified report on the \nstandalone and consolidated financial statements for FY2025.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "329a12613bed47f5", "content": "[TABLE] Company: ICICI | Year: FY2025 | Section: /CIC/Bank > The net domestic advances grew by 13.9% year-on-year and 2.2% sequentially at March \n31, 2025. The retail loan portfolio grew by 8.9% year-on-year and 2.0% sequentially, and \ncomprised 52.4% of the total loan portfolio at March 31, 2025. Including non-fund \noutstanding, the retail portfolio was 43.8% of the total portfolio at March 31, 2025. The \nbusiness banking portfolio grew by 33.7% year-on-year and 6.2% sequentially at March \n31, 2025. The rural portfolio grew by 5.1% year-on-year and declined by 1.5% \nsequentially at March 31, 2025. The domestic corporate portfolio grew by 11.9% year-\non-year and declined by 0.4% sequentially at March 31, 2025. Total advances increased \nby 13.3% year-on-year and 2.1% sequentially to ₹ 13,41,766 crore (US$ 157 billion) at \nMarch 31, 2025. | Page: 30\n\n|  |  |  |  |  |  | Mumbai 400 0 | 51 |\n|---|---|---|---|---|---|---|---|\n| Pro | fit & loss accou | nt |  |  |  |  |  |\n| • | Profit before ta | x excludi | ng treasury gr | ew by 13.2% ye | ar-on | -year to ₹ 16, | 534 crore |\n|  | (US$ 1.9 billion | ) in Q4-20 | 25 from ₹ 14,6 | 02 crore (US$ 1 | .7 billi | on) in the quar | ter ended |\n|  | March 31, 2024 | (Q4-202 | 4) |  |  |  |  |\n| • | Core operating | profit gre | w by 13.7% ye | ar-on-year to ₹ | 17,42 | 5 crore (US$ 2 | .0 billion) |\n|  | in Q4-2025 fro | m ₹ 15,32 | 0 crore (US$ 1 | .8 billion) in Q4- | 2024 |  |  |\n| • | Net interest inc | ome (NII) | increased by 1 | 1.0% year-on-y | ear to | ₹ 21,193 crore | (US$ 2.5 |\n|  | billion) in Q4-2 | 025 from | ₹ 19,093 crore | (US$ 2.2 billion | ) in Q4 | -2024 |  |\n| • | Net interest ma | rgin was | 4.41% in Q4-20 | 25 compared to | 4.25 | % in Q3-2025 a | nd 4.40% |\n|  | in Q4-2024. Th | e net inte | rest margin wa | s 4.32% in FY20 | 25 |  |  |\n| • | Non-interest in | come, exc | luding treasur | y, increased by 1 | 8.4% | year-on-year | to ₹ 7,021 |\n|  | crore (US$ 821 | million) in | Q4-2025 from | ₹ 5,930 crore ( | US$ 6 | 94 million) in | Q4-2024 |\n| • | Fee income gre | w by 16. | 0% year-on-ye | ar to ₹ 6,306 c | rore ( | US$ 738 millio | n) in Q4- |\n|  | 2025 from ₹ 5, | 436 crore | (US$ 636 mi | llion) in Q4-202 | 4. Fee | s from retail, | rural and |\n|  | business banki | ng custom | ers constitute | d about 80% of | total f | ees in Q4-202 | 5 |\n| • | Treasury gains | were ₹ | 239 crore (US | $ 28 million) in | Q4-2 | 025 as comp | ared to a |\n|  | treasury loss of | ₹ 281 cro | re (US$ 33 mill | ion) in Q4-2024 | . The t | reasury loss in | Q4-2024 |\n|  | was due to tra | nsfer of n | egative balan | ce of ₹ 340 cro | re (US | $ 40 million) i | n Foreign |\n|  | Currency Trans | lation Res | erve related to | Bank’s Offshor | e Unit | in Mumbai to | profit and |\n|  | loss account in | view of th | e proposed cl | osure of the Unit |  |  |  |\n| • | Provisions (excl | uding pro | vision for tax) | were ₹ 891 crore | (US$ | 104 million) in | Q4-2025 |\n|  | compared to ₹ | 718 cror | e (US$ 84 mill | ion) in Q4-2024 | and | ₹ 1,227 crore | (US$ 144 |\n|  | million) in Q3-2 | 025 |  |  |  |  |  |\n| • | Profit before ta | x grew b | y 17.1% year- | on-year to ₹ 16 | ,773 c | rore (US$ 2.0 | billion) in |\n|  | Q4-2025 from | ₹ 14,321 | crore (US$ 1.7 | billion) in Q4-20 | 24 |  |  |\n| • | Profit after tax | grew by 1 | 8.0% year-on- | year to ₹ 12,63 | 0 cror | e (US$ 1.5 billi | on) in Q4- |\n|  | 2025 from ₹ 10 | ,708 cror | e (US$ 1.3 billi | on) in Q4-2024 |  |  |  |\n| • | Profit after tax | grew by | 15.5% year-o | n-year to ₹ 47, | 227 c | rore (US$ 5.5 | billion) in |\n|  | FY2025 from ₹ | 40,888 | crore (US$ 4.8 | billion) in the | year | ended March | 31, 2024 |\n|  | (FY2024) |  |  |  |  |  |  |\n| Cre | dit growth |  |  |  |  |  |  |\n| The | net domestic a | dvances | grew by 13.9% | year-on-year a | nd 2.2 | % sequentially | at March |\n| 31, | 2025. The retai | l loan por | tfolio grew by | 8.9% year-on-ye | ar an | d 2.0% sequen | tially, and |\n| com | prised 52.4% | of the to | tal loan portf | olio at March 3 | 1, 20 | 25. Including | non-fund |\n| out | standing, the re | tail portf | olio was 43.8% | of the total po | rtfolio | at March 31, | 2025. The |\n| bus | iness banking p | ortfolio g | rew by 33.7% | year-on-year a | nd 6.2 | % sequentially | at March |\n| 31, | 2025. The ru | ral portf | olio grew by | 5.1% year-on- | year | and declined | by 1.5% |\n| seq | uentially at Ma | rch 31, 2 | 025. The dome | stic corporate p | ortfol | io grew by 11 | .9% year- |\n| on- | year and declin | ed by 0.4 | % sequentially | at March 31, 20 | 25. T | otal advances | increased |\n| by | 13.3% year-on- | year and | 2.1% sequenti | ally to ₹ 13,41, | 766 cr | ore (US$ 157 | billion) at |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 30, "section": "/CIC/Bank", "subsection": "The net domestic advances grew by 13.9% year-on-year and 2.2% sequentially at March \n31, 2025. The retail loan portfolio grew by 8.9% year-on-year and 2.0% sequentially, and \ncomprised 52.4% of the total loan portfolio at March 31, 2025. Including non-fund \noutstanding, the retail portfolio was 43.8% of the total portfolio at March 31, 2025. The \nbusiness banking portfolio grew by 33.7% year-on-year and 6.2% sequentially at March \n31, 2025. The rural portfolio grew by 5.1% year-on-year and declined by 1.5% \nsequentially at March 31, 2025. The domestic corporate portfolio grew by 11.9% year-\non-year and declined by 0.4% sequentially at March 31, 2025. Total advances increased \nby 13.3% year-on-year and 2.1% sequentially to ₹ 13,41,766 crore (US$ 157 billion) at \nMarch 31, 2025.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "634b8a040b63e1fa", "content": "[TABLE] Company: ICICI | Year: FY2025 | Section: /CIC/Bank > Excluding NPAs, the total fund based outstanding to all borrowers under resolution as \nper the various extant regulations/guidelines declined to ₹ 1,956 crore (US$ 229 million) \nor about 0.1% of total advances at March 31, 2025 from ₹ 2,107 crore (US$ 247 million) \nat December 31, 2024. The Bank holds provisions amounting to ₹ 643 crore (US$ 75 \nmillion) against these borrowers under resolution, as of March 31, 2025. In addition, the \nBank continues to hold contingency provisions of ₹ 13,100 crore (US$ 1.5 billion) at March \n31, 2025.  \n \nThe loan and non-fund based outstanding to performing corporate borrowers rated BB \nand below was ₹ 2,854 crore (US$ 334 million) at March 31, 2025 compared to ₹ 2,193 \ncrore (US$ 257 million) at December 31, 2024. | Page: 31\n\n|  |  |  |  |  | ICICI Bank Li | mited |\n|---|---|---|---|---|---|---|\n| /C | I | C/Ba | n | k | ICICI Bank To Bandra Kurla | wers Complex |\n|  |  |  |  |  | Mumbai 400 | 051 |\n| The Bank cont | inues t | o enhance the | use of | technology in it | s operations t | o provide |\n| simplified solut | ions to | customers and | makin | g investments in | its digital cha | nnels. The |\n| Bank expects to | furthe | r strengthen sys | tem res | ilience and simpli | fy processes. |  |\n| Deposit growth |  |  |  |  |  |  |\n| Total period-en | d depo | sits increased b | y 14.0 | % year-on-year a | nd 5.9% sequ | entially to |\n| ₹ 16,10,348 cro | re (US$ | 188.4 billion) a | t March | 31, 2025. Avera | ge deposits inc | reased by |\n| 11.4% year-on- | year an | d 1.9% sequenti | ally to ₹ | 14,86,635 crore | (US$ 173.9 bill | ion) in Q4- |\n| 2025. Average | curren | t account depo | sits inc | reased by 9.6% | year-on-year | and 1.4% |\n| sequentially in | Q4-202 | 5. Average savin | gs acc | ount deposits incr | eased by 10.1% | year-on- |\n| year and 0.2% s | equent | ially in Q4-2025 | . |  |  |  |\n| With the additi | on of 2 | 41 branches du | ring Q4 | -2025, the Bank | had a networ | k of 6,983 |\n| branches and 1 | 6,285 A | TMs & cash rec | ycling m | achines at March | 31, 2025. |  |\n| Asset quality |  |  |  |  |  |  |\n| The gross NPA | ratio w | as 1.67% at Mar | ch 31, | 2025 compared t | o 1.96% at Dec | ember 31, |\n| 2024. The net N | PA rati | o was 0.39% at | March | 31, 2025 compare | d to 0.42% at | December |\n| 31, 2024. The | gross N | PA additions w | ere ₹ 5 | ,142 crore (US$ | 602 million) in | Q4-2025 |\n| compared to ₹ | 6,085 c | rore (US$ 712 | million) | in Q3-2025. Rec | overies and up | grades of |\n| NPAs, excludin | g write- | offs and sale, w | ere ₹ | 3,817 crore (US$ | 447 million) in | Q4-2025 |\n| compared to ₹ 3 | ,392 cr | ore (US$ 397 mil | lion) in | Q3-2025. The net | additions to gr | oss NPAs, |\n| excluding write | -offs an | d sale, were ₹ 1, | 325 cro | re (US$ 155 millio | n) in Q4-2025 | compared |\n| to ₹ 2,693 cror | e (US$ | 315 million) in | Q3-202 | 5. The Bank has | written-off gr | oss NPAs |\n| amounting to ₹ | 2,118 | crore (US$ 248 | million | ) in Q4-2025. Th | ere was sale o | f NPAs of |\n| ₹2,786 crore (U | S$ 326 | million) in Q4- | 2025 w | hich consists of | ₹ 1,605 crore | (US$ 188 |\n| million) of secur | ity rece | ipts and ₹ 314 c | rore (U | S$ 37 million) in c | ash. The Bank | continues |\n| to hold 100% p | rovision | s against these | securit | y receipts. The pro | visioning cove | rage ratio |\n| on non-perform | ing loa | ns was 76.2% at | March | 31, 2025. |  |  |\n| Excluding NPAs | , the to | tal fund based | outstan | ding to all borro | wers under res | olution as |\n| per the various | extant | regulations/guid | elines d | eclined to ₹ 1,95 | 6 crore (US$ 2 | 29 million) |\n| or about 0.1% o | f total | advances at Mar | ch 31, | 2025 from ₹ 2,10 | 7 crore (US$ 2 | 47 million) |\n| at December 3 | 1, 2024 | . The Bank hold | s provi | sions amounting | to ₹ 643 cror | e (US$ 75 |\n| million) against | these b | orrowers under | resolut | ion, as of March | 31, 2025. In ad | dition, the |\n| Bank continues | to hold | contingency pro | visions | of ₹ 13,100 crore | (US$ 1.5 billion | ) at March |\n| 31, 2025. |  |  |  |  |  |  |\n| The loan and n | on-fund | based outstand | ing to | performing corpo | rate borrower | s rated BB |\n| and below was | ₹ 2,85 | 4 crore (US$ 334 | million | ) at March 31, 20 | 25 compared | to ₹ 2,193 |\n| crore (US$ 257 | million) | at December 31 | , 2024. |  |  |  |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 31, "section": "/CIC/Bank", "subsection": "Excluding NPAs, the total fund based outstanding to all borrowers under resolution as \nper the various extant regulations/guidelines declined to ₹ 1,956 crore (US$ 229 million) \nor about 0.1% of total advances at March 31, 2025 from ₹ 2,107 crore (US$ 247 million) \nat December 31, 2024. The Bank holds provisions amounting to ₹ 643 crore (US$ 75 \nmillion) against these borrowers under resolution, as of March 31, 2025. In addition, the \nBank continues to hold contingency provisions of ₹ 13,100 crore (US$ 1.5 billion) at March \n31, 2025.  \n \nThe loan and non-fund based outstanding to performing corporate borrowers rated BB \nand below was ₹ 2,854 crore (US$ 334 million) at March 31, 2025 compared to ₹ 2,193 \ncrore (US$ 257 million) at December 31, 2024.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "c8d1d57ed78e9694", "content": "[TABLE] Company: ICICI | Year: FY2025 | Section: /CIC/Bank > Key subsidiaries   \n \nThe annualised premium equivalent of ICICI Prudential Life Insurance (ICICI Life) was         \n₹ 10,407 crore (US$ 1.2 billion) in FY2025 compared to ₹ 9,046 crore (US$ 1.1 billion) in \nFY2024. Value of New Business (VNB) of ICICI Life was ₹ 2,370 crore (US$ 277 million) \nin FY2025 compared to ₹ 2,227 crore (US$ 261 million) in FY2024. The VNB margin was \n22.8% in FY2025 compared to 24.6% in FY2024. The profit after tax was ₹ 1,189 crore \n(US$ 139 million) in FY2025 compared to ₹ 852 crore (US$ 100 million) in FY2024 and \nwas ₹ 386 crore (US$ 45 million) in Q4-2025 compared to ₹ 174 crore (US$ 20 million) in \nQ4-2024. \n \nThe Gross Direct Premium Income (GDPI) of ICICI Lombard General Insurance Company \n(ICICI General) was ₹ 24,776 crore (US$ 2.9 billion) in FY2024 compared to ₹ 26,833 crore \n(US$ 3.1 billion) in FY2025. The combined ratio stood at 102.8% in FY2025 compared to \n103.3% in FY2024. Excluding the impact of CAT losses of ₹ 94 crore (US$ 11 million) in \nFY2025 and ₹ 137 crore (US$ 16 million) in FY2024, the combined ratio was 102.4% and \n102.5% respectively. The profit after tax of ICICI General grew by 30.7% to ₹ 2,508 crore \n(US$ 293 million) in FY2025 compared to ₹ 1,919 crore (US$ 225 million) in FY2024. The \nprofit after tax of ICICI General was ₹ 510 crore (US$ 60 million) in Q4-2025 compared \nto ₹ 519 crore (US$ 61 million) in Q4-2024.  \n \nThe profit after tax of ICICI Prudential Asset Management Company, as per Ind AS, \nincreased to ₹ 692 crore (US$ 81 million) in Q4-2025 from ₹ 529 crore (US$ 62 million) in \nQ4-2024. The profit after tax grew by 29.3% year-on-year to ₹ 2,651 crore (US$ 310 \nmillion) in FY2025 from ₹ 2,050 crore (US$ 240 million) in FY2024. | Page: 32\n\n|  |  |  |  | ICI | CI Bank Li | mited |\n|---|---|---|---|---|---|---|\n| /C | IC/ | Ba | nk | ICI Ba | CI Bank To ndra Kurla | wers Complex |\n|  |  |  |  | Mu | mbai 400 0 | 51 |\n| Capital adequacy |  |  |  |  |  |  |\n| The Bank’s total c | apital adeq | uacy ratio at | March 31, | 2025 was 16. | 55% and C | ET-1 ratio |\n| was 15.94% after | reckoning t | he impact of | proposed | dividend comp | ared to the | minimum |\n| regulatory require | ments of 1 | 1.70% and 8. | 20% respec | tively. |  |  |\n| Dividend on equi | ty shares |  |  |  |  |  |\n| The Board has rec | ommended | a dividend o | f ₹ 11 per s | hare (equivale | nt to divide | nd of US$ |\n| 0.26 per ADS) in l | ine with ap | plicable guid | elines. The | declaration of | dividend is | subject to |\n| requisite approva | ls. The reco | rd/book closu | re dates w | ill be announc | ed in due c | ourse. |\n| Consolidated res | ults |  |  |  |  |  |\n| The consolidated | profit after t | ax increased | by 15.7% | year-on-year t | o ₹ 13,502 | crore (US$ |\n| 1.6 billion) in Q4- | 2025 from ₹ | 11,672 crore | (US$ 1.4 | billion) in Q4-2 | 024. |  |\n| Consolidated asse | ts grew by | 11.8% year-o | n-year to | ₹ 26,42,241 cro | re (US$ 30 | 9.1 billion) |\n| at March 31, 2025 | from ₹ 23, | 64,063 crore | (US$ 276. | 6 billion) at De | cember 31, | 2024. |\n| Key subsidiaries |  |  |  |  |  |  |\n| The annualised p | remium eq | uivalent of IC | ICI Pruden | tial Life Insur | ance (ICICI | Life) was |\n| ₹ 10,407 crore (U | S$ 1.2 billio | n) in FY2025 | compared | to ₹ 9,046 cro | re (US$ 1.1 | billion) in |\n| FY2024. Value of | New Busin | ess (VNB) of | ICICI Life | was ₹ 2,370 cr | ore (US$ 2 | 77 million) |\n| in FY2025 compa | red to ₹ 2,2 | 27 crore (US | $ 261 millio | n) in FY2024. | The VNB m | argin was |\n| 22.8% in FY2025 | compared t | o 24.6% in F | Y2024. Th | e profit after t | ax was ₹ 1 | ,189 crore |\n| (US$ 139 million) | in FY2025 | compared to | ₹ 852 cro | re (US$ 100 m | illion) in FY | 2024 and |\n| was ₹ 386 crore ( | US$ 45 milli | on) in Q4-20 | 25 compar | ed to ₹ 174 cro | re (US$ 20 | million) in |\n| Q4-2024. |  |  |  |  |  |  |\n| The Gross Direct | Premium In | come (GDPI) | of ICICI Lo | mbard Genera | l Insurance | Company |\n| (ICICI General) wa | s ₹ 24,776 | crore (US$ 2. | 9 billion) in | FY2024 compa | red to ₹ 26 | ,833 crore |\n| (US$ 3.1 billion) in | FY2025. T | he combined | ratio stood | at 102.8% in | FY2025 co | mpared to |\n| 103.3% in FY2024 | . Excluding | the impact o | f CAT loss | es of ₹ 94 cro | re (US$ 11 | million) in |\n| FY2025 and ₹ 137 | crore (US$ | 16 million) i | n FY2024, t | he combined r | atio was 1 | 02.4% and |\n| 102.5% respective | ly. The prof | it after tax o | f ICICI Gen | eral grew by 3 | 0.7% to ₹ 2 | ,508 crore |\n| (US$ 293 million) | in FY2025 c | ompared to | ₹ 1,919 cro | re (US$ 225 m | illion) in FY | 2024. The |\n| profit after tax of | ICICI Gener | al was ₹ 51 | 0 crore (US | $ 60 million) in | Q4-2025 | compared |\n| to ₹ 519 crore (US | $ 61 million | ) in Q4-2024 | . |  |  |  |\n| The profit after t | ax of ICICI | Prudential A | sset Mana | gement Comp | any, as p | er Ind AS, |\n| increased to ₹ 69 | 2 crore (US$ | 81 million) i | n Q4-2025 | from ₹ 529 cro | re (US$ 62 | million) in |\n| Q4-2024. The pro | fit after ta | x grew by 2 | 9.3% year- | on-year to ₹ 2 | ,651 crore | (US$ 310 |\n| million) in FY2025 | from ₹ 2,0 | 50 crore (US$ | 240 millio | n) in FY2024. |  |  |\n|  |  |  | 4 |  |  |  |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 32, "section": "/CIC/Bank", "subsection": "Key subsidiaries   \n \nThe annualised premium equivalent of ICICI Prudential Life Insurance (ICICI Life) was         \n₹ 10,407 crore (US$ 1.2 billion) in FY2025 compared to ₹ 9,046 crore (US$ 1.1 billion) in \nFY2024. Value of New Business (VNB) of ICICI Life was ₹ 2,370 crore (US$ 277 million) \nin FY2025 compared to ₹ 2,227 crore (US$ 261 million) in FY2024. The VNB margin was \n22.8% in FY2025 compared to 24.6% in FY2024. The profit after tax was ₹ 1,189 crore \n(US$ 139 million) in FY2025 compared to ₹ 852 crore (US$ 100 million) in FY2024 and \nwas ₹ 386 crore (US$ 45 million) in Q4-2025 compared to ₹ 174 crore (US$ 20 million) in \nQ4-2024. \n \nThe Gross Direct Premium Income (GDPI) of ICICI Lombard General Insurance Company \n(ICICI General) was ₹ 24,776 crore (US$ 2.9 billion) in FY2024 compared to ₹ 26,833 crore \n(US$ 3.1 billion) in FY2025. The combined ratio stood at 102.8% in FY2025 compared to \n103.3% in FY2024. Excluding the impact of CAT losses of ₹ 94 crore (US$ 11 million) in \nFY2025 and ₹ 137 crore (US$ 16 million) in FY2024, the combined ratio was 102.4% and \n102.5% respectively. The profit after tax of ICICI General grew by 30.7% to ₹ 2,508 crore \n(US$ 293 million) in FY2025 compared to ₹ 1,919 crore (US$ 225 million) in FY2024. The \nprofit after tax of ICICI General was ₹ 510 crore (US$ 60 million) in Q4-2025 compared \nto ₹ 519 crore (US$ 61 million) in Q4-2024.  \n \nThe profit after tax of ICICI Prudential Asset Management Company, as per Ind AS, \nincreased to ₹ 692 crore (US$ 81 million) in Q4-2025 from ₹ 529 crore (US$ 62 million) in \nQ4-2024. The profit after tax grew by 29.3% year-on-year to ₹ 2,651 crore (US$ 310 \nmillion) in FY2025 from ₹ 2,050 crore (US$ 240 million) in FY2024.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "f75b20ef78ea4bb9", "content": "[TABLE] Company: ICICI | Year: FY2025 | Section: /CIC/Bank > The profit after tax of ICICI Securities, on a consolidated basis, as per Ind AS, was ₹ 381 \ncrore (US$ 45 million) in Q4-2025 compared to ₹ 537 crore (US$ 63 million) in Q4-2024. \nThe profit after tax grew by 14.4% year-on-year to ₹ 1,942 crore (US$ 227 million) in \nFY2025 from ₹ 1,697 crore (US$ 199 million) in FY2024. Pursuant to the Scheme of \nArrangement amongst ICICI Bank Limited and ICICI Securities Limited and their \nrespective shareholders, ICICI Securities Limited has been delisted from stock exchanges \non March 24, 2025 and became a wholly-owned subsidiary of the Bank. | Page: 33\n\n|  |  | ICICI Bank | Li | mited |\n|---|---|---|---|---|\n| /CI | C/Bank | ICICI Bank Bandra Ku | T rla | owers Complex |\n|  |  | Mumbai 40 | 0 | 051 |\n| The profit after tax of IC | ICI Securities, on a consolidated basis, a | s per Ind A | S, | was ₹ 381 |\n| crore (US$ 45 million) in | Q4-2025 compared to ₹ 537 crore (US | $ 63 million) | i | n Q4-2024. |\n| The profit after tax gre | w by 14.4% year-on-year to ₹ 1,942 cr | ore (US$ 2 | 27 | million) in |\n| FY2025 from ₹ 1,697 c | rore (US$ 199 million) in FY2024. Pur | suant to th | e | Scheme of |\n| Arrangement amongst | ICICI Bank Limited and ICICI Secur | ities Limite | d | and their |\n| respective shareholders | , ICICI Securities Limited has been deliste | d from stoc | k | exchanges |\n| on March 24, 2025 and | became a wholly-owned subsidiary of th | e Bank. |  |  |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 33, "section": "/CIC/Bank", "subsection": "The profit after tax of ICICI Securities, on a consolidated basis, as per Ind AS, was ₹ 381 \ncrore (US$ 45 million) in Q4-2025 compared to ₹ 537 crore (US$ 63 million) in Q4-2024. \nThe profit after tax grew by 14.4% year-on-year to ₹ 1,942 crore (US$ 227 million) in \nFY2025 from ₹ 1,697 crore (US$ 199 million) in FY2024. Pursuant to the Scheme of \nArrangement amongst ICICI Bank Limited and ICICI Securities Limited and their \nrespective shareholders, ICICI Securities Limited has been delisted from stock exchanges \non March 24, 2025 and became a wholly-owned subsidiary of the Bank.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "030174aea6879b67", "content": "[TABLE] Company: ICICI | Year: FY2025 | Section: ICICIBank > Treasury \n93 \n(281)3 \n371 \n239 \n1,903 \nProfit before tax \n54,488 \n14,321 \n15,660 \n16,773 \n62,616 \nLess: \n \n \n \n \n \nProvision for taxes \n13,600 \n3,613 \n3,868 \n4,143 \n15,389 \nProfit after tax \n40,888 \n10,708 \n11,792 \n12,630 \n47,227 \n1. Excluding treasury \n2. The Bank, on a prudent basis, continues to hold provision against the security receipts guaranteed by | Page: 34\n\n|  |  |  |  |  |  | Mumb | ai 400 051 |  |\n|---|---|---|---|---|---|---|---|---|\n| Su | mmary Pr | ofit and Loss St | atement (as per | standa | lone In | dian GAAP acco | unts) |  |\n|  |  |  |  |  |  |  |  | ₹ crore |\n|  |  | FY2 | 024 Q4- | 2024 | Q3- | 2025 Q4- | 2025 FY2 | 025 |\n|  |  | Aud | ited Aud | ited | Unau | dited Aud | ited Aud | ited |\n| Net | interest i | ncome | 74,306 | 19,093 |  | 20,371 | 21,193 | 81,165 |\n| Non | -interest | income | 22,949 | 5,930 |  | 6,697 | 7,021 | 26,603 |\n| - Fe - Di | e income vidend inc | ome | 20,796 | 5,436 |  | 6,180 | 6,306 | 23,870 |\n| from - Ot | subsidia her incom | ries e | 2,073 80 | 484 10 |  | 509 8 | 675 40 | 2,619 114 |\n| Les | s: |  |  |  |  |  |  |  |\n| Ope Cor | rating ex e operati | pense ng | 39,133 | 9,703 |  | 10,552 | 10,789 | 42,372 |\n| pro Pro Pro | fit1 visions fit before | tax | 58,122 3,643 | 15,320 718 |  | 16,516 1,227 | 17,425 8912 | 65,396 4,6832 |\n| excl Tre | . treasury asury |  | 54,479 93 | 14,602 (281)3 |  | 15,289 371 | 16,534 239 | 60,713 1,903 |\n| Pro | fit before | tax | 54,488 | 14,321 |  | 15,660 | 16,773 | 62,616 |\n| Les | s: |  |  |  |  |  |  |  |\n| Pro | vision for | taxes | 13,600 | 3,613 |  | 3,868 | 4,143 | 15,389 |\n| Pro | fit after t | ax | 40,888 | 10,708 |  | 11,792 | 12,630 | 47,227 |\n| 1. | Excluding | treasury |  |  |  |  |  |  |\n| 2. | The Bank, | on a prudent b | asis, continues | to hold | provision | against the se | curity receipts g | uarante |\n|  | the govern | ment, which will b | e reversed on act | ual recei | pt of reco | veries or approva | l of claims, if any | . |\n| 3. | The treasu | ry loss during Q4- | 2024 includes the | impact | of transf | er of negative ba | lance of ₹ 340 cr | ore |\n|  | (US$ 40 m | illion) in Foreign Cu | rrency Translatio | n Reserv | e related | to Bank’s Offsho | re Unit in Mumbai | to |\n|  | profit and | loss account in vie | w of the propose | d closure | of the U | nit |  |  |\n| 4. | Prior perio | d numbers have b | een re-arranged | wherever | necessa | ry |  |  |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 34, "section": "ICICIBank", "subsection": "Treasury \n93 \n(281)3 \n371 \n239 \n1,903 \nProfit before tax \n54,488 \n14,321 \n15,660 \n16,773 \n62,616 \nLess: \n \n \n \n \n \nProvision for taxes \n13,600 \n3,613 \n3,868 \n4,143 \n15,389 \nProfit after tax \n40,888 \n10,708 \n11,792 \n12,630 \n47,227 \n1. Excluding treasury \n2. The Bank, on a prudent basis, continues to hold provision against the security receipts guaranteed by", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "3eeec68a2faeaed9", "content": "[TABLE] Company: ICICI | Year: FY2025 | Section: ICICIBank > Investments \n4,61,942 \n4,79,098 \n4,71,978 \n5,04,7573 \nAdvances \n11,84,406 \n12,77,240 \n13,14,366 \n13,41,766 \nFixed assets \n10,860 \n11,546 \n11,922 \n12,839 \nOther assets \n74,381 \n72,175 \n71,662 \n73,316 \nTotal assets \n18,71,515 \n19,76,858 \n20,13,343 \n21,18,240 \n1. Prior period figures have been re-grouped/re-arranged wherever necessary \n2. The Bank continues to hold contingency provision of ₹ 13,100 crore (US$ 1.5 billion) at March 31, 2025 \n3. Pursuant to the Scheme of Arrangement amongst ICICI Bank Limited and ICICI Securities Limited and | Page: 35\n\n|  |  |  |  | I | CICI Bank | Limite | d |\n|---|---|---|---|---|---|---|---|\n|  | I | CICI | Ban | I k | CICI Bank Bandra Ku | Tower rla Com | s plex |\n|  |  |  |  |  | Mumbai 40 | 0 051 |  |\n| Su | mmary balance | sheet |  |  |  |  |  |\n|  |  |  |  |  |  |  | ₹ crore |\n|  |  | 31 | -Mar-24 30 | -Sep-24 31 | -Dec-24 | 31 | -Mar-25 |\n|  |  | A | udited Un | audited Un | audited | A | udited |\n| Ca | pital and liabili | ties |  |  |  |  |  |\n| Ca Em | pital ployee stock op | tions | 1,405 | 1,409 | 1,412 |  | 1,425 |\n| ou Re | tstanding serves and surp | lus | 1,405 2,35,589 | 1,651 2,56,480 | 1,802 2,68,429 |  | 2,070 2,88,582 |\n| De Bo su | posits rrowings (includ bordinated debt | es ) | 14,12,825 1,24,968 | 14,97,761 1,24,493 | 15,20,309 1,27,731 |  | 16,10,348 1,23,538 |\n| Ot pr To | her liabilities an ovisions2 tal capital and | d liabilities | 95,323 18,71,515 | 95,064 19,76,858 | 93,660 20,13,343 |  | 92,277 21,18,240 |\n| As Ca | sets sh and balance | s with | 89,712 | 89,102 | 75,780 |  | 1,19,928 |\n| Re Ba | serve Bank of In lances with ban | dia ks and |  |  |  |  |  |\n| m | oney at call and | short | 50,214 | 47,697 | 67,635 |  | 65,634 |\n| no | tice |  |  |  |  |  |  |\n| Inv | estments |  | 4,61,942 | 4,79,098 | 4,71,978 |  | 5,04,7573 |\n| Ad | vances |  | 11,84,406 | 12,77,240 | 13,14,366 |  | 13,41,766 |\n| Fix | ed assets |  | 10,860 | 11,546 | 11,922 |  | 12,839 |\n| Ot | her assets |  | 74,381 | 72,175 | 71,662 |  | 73,316 |\n| To | tal assets |  | 18,71,515 | 19,76,858 | 20,13,343 |  | 21,18,240 |\n| 1. | Prior period figure | s have been re-grou | ped/re-arranged w | herever necessary |  |  |  |\n| 2. | The Bank continu | es to hold contingen | cy provision of ₹ 13 | ,100 crore (US$ 1. | 5 billion) at | March 3 | 1, 2025 |\n| 3. | Pursuant to the S | cheme of Arrangem | ent amongst ICICI | Bank Limited and | ICICI Securi | ties Lim | ited and |\n|  | their respective s | hareholders, ICICI Se | curities Limited has | been delisted fro | m stock exch | anges | on March |\n|  | 24, 2025 and bec | ame a wholly-owne | d subsidiary of the | Bank. |  |  |  |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 35, "section": "ICICIBank", "subsection": "Investments \n4,61,942 \n4,79,098 \n4,71,978 \n5,04,7573 \nAdvances \n11,84,406 \n12,77,240 \n13,14,366 \n13,41,766 \nFixed assets \n10,860 \n11,546 \n11,922 \n12,839 \nOther assets \n74,381 \n72,175 \n71,662 \n73,316 \nTotal assets \n18,71,515 \n19,76,858 \n20,13,343 \n21,18,240 \n1. Prior period figures have been re-grouped/re-arranged wherever necessary \n2. The Bank continues to hold contingency provision of ₹ 13,100 crore (US$ 1.5 billion) at March 31, 2025 \n3. Pursuant to the Scheme of Arrangement amongst ICICI Bank Limited and ICICI Securities Limited and", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "23b66dbc34886dee", "content": "[TABLE] Company: ICICI | Year: FY2025 | Section: ICICIBank | Page: 36\n\n|  |  |  |  | Mumbai | 400 | 051 |\n|---|---|---|---|---|---|---|\n| Certain definitions in this release r | elating to | a future period of | time (inc | luding int | er ali | a concerning |\n| our future business plans or growt | h prospec | ts) are forward-lo | oking sta | tements i | nten | ded to qualify |\n| for the 'safe harbor' under applica | ble securi | ties laws including | the US | Private Se | curit | ies Litigation |\n| Reform Act of 1995. Such forward | -looking s | tatements involve | a numb | er of risks | and | uncertainties |\n| that could cause actual results to | differ mat | erially from those | in such f | orward-lo | oking | statements. |\n| These risks and uncertainties inc | lude, but | are not limited to | statutor | y and reg | ulat | ory changes, |\n| international economic and busine | ss conditi | ons, political or ec | onomic i | nstability i | n the | jurisdictions |\n| where the Bank has operations o | r which af | fect global or Indi | an econ | omic cond | ition | s, increase in |\n| nonperforming loans, unanticipate | d changes | in interest rates, | foreign e | xchange r | ates, | equity prices |\n| or other rates or prices, our growt | h and exp | ansion in business | , the ade | quacy of | our a | llowance for |\n| credit losses, the actual growth in | demand f | or banking produ | cts and s | ervices, in | vest | ment income, |\n| cash flow projections, our exposur | e to mark | et risks, changes i | n India’s | sovereign | ratin | g, as well as |\n| other risks detailed in the report | s filed by | us with the Unit | ed State | s Securiti | es a | nd Exchange |\n| Commission. Any forward-looking | statemen | ts contained herei | n are bas | ed on ass | ump | tions that the |\n| Bank believes to be reasonable as | of the da | te of this release. | ICICI Ban | k underta | kes | no obligation |\n| to update forward-looking statem | ents to r | eflect events or ci | rcumstan | ces after | the | date thereof. |\n| Additional risks that could affect o | ur future | operating results a | re more | fully descr | ibed | in our filings |\n| with the United States Securitie | s and Ex | change Commiss | ion. The | se filings | are | available at |\n| www.sec.gov |  |  |  |  |  |  |\n| This release does not constitute an | offer of s | ecurities. |  |  |  |  |\n| For further press queries please e | mail Sujit | Ganguli / Kausik | Datta at | sujit.gan | guli@ | icicibank.co |\n| datta.kausik@icicibank.com or cor | porate.co | mmunications@ici | cibank.c | om |  |  |\n| For investor queries please email | Abhinek B | hargava at abhi | nek.bhar | gava@icic | iban | k.com or Nite |\n| Kalantri at nitesh.kalantri@iciciba | nk.com or | ir@icicibank.com. |  |  |  |  |\n| 1 crore = 10.0 million |  |  |  |  |  |  |\n| US$ amounts represent convenien | ce transla | tions at US$1= ₹ | 85.48 |  |  |  |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 36, "section": "ICICIBank", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "704f2f4a13034207", "content": "[TABLE] Company: ICICI | Year: FY2025 | Section: ICICIBank | Page: 37\n\n|  | ({ | )/ | C I | C / | B | a n | k |\n|---|---|---|---|---|---|---|---|\n|  |  |  |  |  |  |  | Annexure 2 |\n|  | M/s. B S R & Co. L | LP |  |  |  |  |  |\n|  | M/s. B S R & Co. LL | P (“The F | irm”) is a mem | ber entity o | f B S R & Affilia | tes, a netwo | rk registered |\n|  | with the Institute | of Char | tered Accoun | tants of Ind | ia. The Firm i | s registered | in Mumbai, |\n|  | Gurgaon, Bangal | ore, Kol | kata, Hydera | bad, Pune, | Chennai, Ch | andigarh, | Ahmedabad, |\n|  | Vadodara, Noida, | Jaipur, | Gandhinagar a | nd Kochi. T | he Firm has o | ver 4,000 s | taff and over |\n|  | 140 partners. The F | irm aud | its various com | panies liste | d on stock exc | hanges in In | dia including |\n|  | Banking Companie | s in the | Financial Serv | ices Sector. |  |  |  |\n|  | M/s. C N K & Asso | ciates L | LP |  |  |  |  |\n|  | M/s. C N K & Assoc | iates LL | P (“The Firm”) | is a multi-di | sciplinary Cha | rtered Acco | untancy firm, |\n|  | head quartered in | Mumba | i, providing a | wide spect | rum of profes | sional servi | ces including |\n|  | statutory audits, i | nternal/ | management | audits and | information sy | stems audi | ts, taxation - |\n|  | both direct and in | direct a | nd transaction | advisory a | nd other cons | ulting servic | es. The Firm |\n|  | comprises of more | than 10 | 00 personnel | specialising | in their respec | tive service | lines, having |\n|  | its presence in vari | ous citie | s which includ | e Mumbai, | Pune, Vadoda | ra, Ahmeda | bad, Gift City |\n|  | (Gandhinagar), De | lhi, Gur | gaon, Bengalu | ru, Chenna | i and Kolkata. | The Firm a | lso has vast |\n|  | experience in the | Bankin | g, Financial | Services an | d Insurance | (BFSI) sect | or, providing |\n|  | audit/non-audit an | d consu | ltancy service | s to private, | public, regula | tor and forei | gn banks. |\n| ICICI Ban | k Limited | Tel: (91) ( | 22) 4008 8900 |  |  |  |  |\n| ICICI Bank | Tower, | Email: co | mpanysecretary@ | icicibank.com |  |  |  |\n| Bandra-K | urla Complex, | Website: | www.icicibank.co | m | Regd. Office | : ICICI Bank To | wer, Near Chak |\n| Mumbai – | 400 051, India. | CIN: L651 | 90GJ1994PLC02 | 1012 | Old Padra R | oad, Vadodar | a 390 007, India |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 37, "section": "ICICIBank", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "fe33c2acc093b95a", "content": "[TABLE] Company: ICICI | Year: FY2025 | Section: ICICIBank | Page: 38\n\n|  |  |  |  |  |  |  |  | Ann | exure 3 |\n|---|---|---|---|---|---|---|---|---|---|\n|  | Brief profile of | Ms | . Madh | avi | Purandare |  |  |  |  |\n|  | Madhavi is the | Chi | ef Infor | mati | on Security Of | ficer | (CISO) of the Bank. S | he joined the | Bank in |\n|  | July 1999 and | has | an ove | rall | experience of | 36 | years across Banking | & Financial | services |\n|  | with expertise | in B | anking | IT | product devel | opme | nt, & implementation. | Prior to her | current |\n|  | role, she was | a p | art of | the | Bank’s Techn | olog | y Group where she | was respon | sible for |\n|  | Technology O | pera | tions. I | n t | his capacity, | she | contributed significan | tly to enha | nce the |\n|  | resilience of c | ritic | al app | licat | ions. She ha | s a | well-rounded experie | nce across | various |\n|  | technology pla | tfor | ms and | has | previously se | rved | in the technology gov | ernance. She | has an |\n|  | extensive know | led | ge of th | e r | egulatory com | plian | ce framework and is | well-versed | in cyber |\n|  | security landsc | ape | . She h | as l | ed several tec | hnol | ogy transformation in | itiatives at t | he Bank |\n|  | and has partic | ipa | ted in s | trat | egic engagem | ents | with technology par | tners. She h | as also |\n|  | completed Cert | ific | ation pr | ogr | am in IT & Cyb | er Se | curity from IDBRT. |  |  |\n| ICICI Ban | k Limited |  | Tel: (91) ( | 22) | 4008 8900 |  |  |  |  |\n| ICICI Bank | Tower, |  | Email: co | mpa | nysecretary@icici | bank. | com |  |  |\n| Bandra-K | urla Complex, |  | Website: | ww | w.icicibank.com |  | Regd. Office: ICIC | I Bank Tower, | Near Chak |\n| Mumbai – | 400 051, India. |  | CIN: L651 | 90G | J1994PLC021012 |  | Old Padra Road, | Vadodara 390 | 007, India |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-1.pdf", "fiscal_year": "FY2025", "page_number": 38, "section": "ICICIBank", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ff2200e758054ef2", "content": "January 25, 2025 BSE Limited Listing Department Phiroze Jeejeebhoy Towers Dalal Street Mumbai 400 001 National Stock Exchange of India Limited Listing Department Exchange Plaza, 5th floor Plot No. C/1, G Block Bandra-Kurla Complex Bandra (East) Mumbai 400 051 Dear Sir/Madam, Sub.: Outcome of Board Meeting held on January 25, 2025 1. Approval of unaudited financial results of the Bank for the quarter and nine months ended December 31, 2024 In terms of Regulation 30, 33, 52(4) and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), we write to inform you that the Board of Directors of ICICI Bank Limited (the Bank), at its meeting held today, inter alia, approved unaudited financial results (standalone and consolidated) for the quarter and nine months ended December 31, 2024. We enclose herewith the following: o Unaudited financial results (standalone and consolidated) for the quarter and nine months ended December 31, 2024; o Limited review reports on the unaudited financial results (standalone and consolidated) issued by B S R & Co. LLP, Chartered Accountants and C N K & Associates LLP, Chartered Accountants, the joint statutory auditors of the Bank for the corresponding period; and o News Release on unaudited financial results for the quarter and nine months ended December 31, 2024. 2. Re-appointment of Mr. Sandeep Batra (DIN: 03620913) as Executive Director of the Bank:", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 2, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "887c71d861380ba0"}, {"chunk_id": "b8dc6d595c27f56e", "content": "o News Release on unaudited financial results for the quarter and nine months ended December 31, 2024. 2. Re-appointment of Mr. Sandeep Batra (DIN: 03620913) as Executive Director of the Bank: The Board of Directors recorded that the current tenure of Mr. Sandeep Batra (DIN: 03620913) Executive Director of the Bank was upto December 22, 2025. The Board unanimously approved the re-appointment of Mr. Sandeep Batra for a further period of two years with effect from December 23, 2025 to December 22, 2027, subject to approval of Reserve Bank of India, shareholders, and such other approvals as may be required. ICICI Bank Limited ICICI Bank Tower, Bandra-Kurla Complex, Mumbai – 400 051, India. Tel: (91) (22) 4008 8900 Email: companysecretary@icicibank.com Website: www.icicibank.com CIN: L65190GJ1994PLC021012 Regd. Office: ICICI Bank Tower, Near Chakli Circle, Old Padra Road, Vadodara 390 007, India. 3. Re-appointment of Mr. Rakesh Jha (DIN: 00042075) as Executive Director of the Bank The Board approved the proposal for seeking approval from Reserve Bank of India for the re-appointment of Mr. Rakesh Jha (DIN: 00042075) as the Executive Director of the Bank from September 2, 2025 to September 1, 2027. The Board and shareholders have already approved the appointment of Mr. Jha as the Executive Director of the Bank upto September 1, 2027. All the above proposed re-appointments are in line with RBI Circular RBI/2021-22/24 DOR.GOV.REC.8/29.67.001/2021-22 dated April 26, 2021.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 2, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "887c71d861380ba0"}, {"chunk_id": "8161ba73afbe66f9", "content": "Jha as the Executive Director of the Bank upto September 1, 2027. All the above proposed re-appointments are in line with RBI Circular RBI/2021-22/24 DOR.GOV.REC.8/29.67.001/2021-22 dated April 26, 2021. The other details as required pursuant to Regulation 30 of the SEBI Listing Regulations with regard to re-appointment of Directors are enclosed as Annexure. The Board meeting commenced at 9:45 a.m. and concluded at 02:10 p.m. Please take the above information on record. Yours sincerely, For ICICI Bank Limited Prachiti Lalingkar Company Secretary Encl.: as above. Copy to-", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 2, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "887c71d861380ba0"}, {"chunk_id": "390a7560e0904630", "content": "Digitally signed by Prachiti Lalingkar Date: 2025.01.25 14:22:24 +05'30' (i) New York Stock Exchange (NYSE) (ii) Singapore Stock Exchange (iii)   Japan Securities Dealers Association (iv)   SIX Swiss Exchange Ltd. ICICI Bank Limited ICICI Bank Tower, Bandra-Kurla Complex, Mumbai – 400 051, India. Tel: (91) (22) 4008 8900 Email: companysecretary@icicibank.com Website: www.icicibank.com CIN: L65190GJ1994PLC021012 Regd. Office: ICICI Bank Tower, Near Chakli Circle, Old Padra Road, Vadodara 390 007, India. ICICI Bank Limited CIN-L65190GJ1994PLC021012 Registered Office: ICICI Bonk Tower, Near Chokli Circle, Old Padre Raad, Vadodara - 390 007, Gujarat, Phone: 0265-6722239 Corporate Office: ICICI Bonlc Towers, Bondro-Kurlo CompleK, Mumbai - 400 051, Moharoshtro, Phone: 022-4008 8900 Website: wwwj cicibank.cam. Email, componysecretory@licicibank com STANDALONE FINANCIAL RESULTS ~ In crore) Year ended Three month$ ended Nine months ended December September December December December Particulars 31, 2024 30,2024 31, 2023 31, 2024 31, 2023 (Q3-2025) (Q2-2025) (Q3-2024) (9M-2025) (9M-2024) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) March 31, 2024 (FY2024) (Audited) Interest earned lal+lbl+lcl+(dl 41,299.82 40,537.38 36,694.58 120,832.98 104,942.58 142,890.94 110.943.93 28,630.99 al Interest/discount on advances/bills 32,048.40 31,426.45 28,557.51 93,583.39 81.520.53 bl Income on investments 8,302.14 8,311.33 7.210.67 24,770.05 20,848.98 di Others 459.69 282.49 472.21 1,029.84 1.211.84 Ot\"., income1 7,068.05 7,176.66 6,097.06 21,246.63 17,308.99", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 5, "section": "Prachiti \nLalingkar", "subsection": "{I/CIC/Bank", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5cd761c59e112727"}, {"chunk_id": "a1235fd8104ed31c", "content": "32,048.40 31,426.45 28,557.51 93,583.39 81.520.53 bl Income on investments 8,302.14 8,311.33 7.210.67 24,770.05 20,848.98 di Others 459.69 282.49 472.21 1,029.84 1.211.84 Ot\"., income1 7,068.05 7,176.66 6,097.06 21,246.63 17,308.99 c) Interest on balances with Reserve Bank of India and other inter bank funds 489.59 517.11 454.19 1.449.70 1,361.2.3 1,791.39 1,524.63 22,957.77 165,848.71 TOTAL INCOME 11)+(2] 48,367.87 47,714.04 42,791.64 142,079.61 122,251.57 Interest exoended 20,929.21 20,489.40 18,016.03 60,861.48 49,729.66 Ooeratina exaenses lel+tfl 10,552.11 10,501.46 10,051.99 31,583.56 29,429.90 68,585.22 39,132.73 15,141.99 23,990.74 el Emclavee cast 3,929.05 4,136.14 3,812.67 12,435.70 11.421.75 n Other oceratinCJ expenses 6,623.06 6,365.32 6,239.32 19,147.86 18,008.15 TOTAL EXPENDITURE EXCLUDING PROVISIONS AND CONTINGENCIES (4)+(51 31,481.32 30,990.86 28,068.02 92,445.04 79,159.56 CONTINGENCIES 131-161 16,886.SS 16,723,1B 14,723.62 49,634.57 43,092.01 OPERATING PROFIT BEFORE PROVISIONS AND Provisions (other t han ta xi and continaencies 1,226.65 1.233.09 1,049.37 3,791.92 2,924.44 PROFIT FROM ORDINARY ACTIVITIES BEFORE EXCEPTIONAL ITEMS AND TAX (71- [BI 15,659.90 15,490.09 13,674.25 45,842.65 40,167.57 Exceptional items .. . . .. . . .. Tax expense (gl+(hl 3.B67.4B 3,744.21 3,402.71 11.245.24 9.986.83 PROFIT FROM ORDINARY ACTIVITIES BEFORE TAX 191-llOI 15,659.90 15,490.09 13,674.25 45,842.65 40,167.57 hi Deferred tax 135.29) 437.78 36.52 709.4B 236.75 NET PROFIT FROM ORDINARY ACTIVITIES AFTER TAX (11)- (12) 11,792.42 11.745.88 10,271.54 34.597.41 30.180.74 g] Current tax 3,902.77 3,306.43 3,366.19 10,535.76", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 5, "section": "Prachiti \nLalingkar", "subsection": "{I/CIC/Bank", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5cd761c59e112727"}, {"chunk_id": "67845be2734ff730", "content": "13,674.25 45,842.65 40,167.57 hi Deferred tax 135.29) 437.78 36.52 709.4B 236.75 NET PROFIT FROM ORDINARY ACTIVITIES AFTER TAX (11)- (12) 11,792.42 11.745.88 10,271.54 34.597.41 30.180.74 g] Current tax 3,902.77 3,306.43 3,366.19 10,535.76 9,750.08 13. 14. 15. 16. 17. 18. Extraordinorv items !net of tax exoensel .. .. .. . . .. Poid-uo eauitv shore cocitol lfacc value~ 2 each) 1,412.11 1.409.45 1,403.18 1.412.11 1,403.18 NET PROFIT FOR THE PERIOD 1131-1141 11,792.42 11 745.88 10,271.54 34,597.41 30,1.80.74 Reserves excluding revo luotion reserves Analytical ratios n Percentoae of shores held bv Government of Indio 0.22% 0.22% 0.22% 0.22% 0.22% iii) Earninos oer share IEPSI ii] Ca pitol adequacy ratio (Basel 1111 14.71% 15.35% 14.61% 14.71% 14.61% a) Basic EPS before and after extroordinory ilcms, net of tax expense (not annualised) (In '{J 16.72 16.68 14.65 49.13 43.12 bl Diluted EPS before and ofter extraordinary iterns, net of tax expense (not annualised) (in 'f) 16.45 16.40 14.40 48.30 42.34 il Gross non -cerforming customer assets (net of write-off) 27,745.33 27,121.15 2B.774.63 27.745.33 28.774.63 iiil % of gross non-performing customer assets lnct o write-off) to iii Net nan-oerformina customer assets 5.B97.76 5.685.14 5.378.4B 5.897.76 5,378.48 iv) % of net non-performing customer assets to net customer 0.42% 0.42% 0.44% 0.42% 0.44% gross customer assets 1.96% 1.97% 2.30% 1.96% 2.30% Outstondina redeemable preference shares .. . . .. . . .. Return on assets (annualised) 2.36% 2.40% 2.32% 2.38% 2.38% Net worth' 262,305.12 250,418.12 215,432.30 262,305.12 215,432.30 . .", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 5, "section": "Prachiti \nLalingkar", "subsection": "{I/CIC/Bank", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5cd761c59e112727"}, {"chunk_id": "d15df11c002f42d4", "content": "gross customer assets 1.96% 1.97% 2.30% 1.96% 2.30% Outstondina redeemable preference shares .. . . .. . . .. Return on assets (annualised) 2.36% 2.40% 2.32% 2.38% 2.38% Net worth' 262,305.12 250,418.12 215,432.30 262,305.12 215,432.30 . . 350.00 0.30 6.68% Debt-equity ratio• 0.25 0.27 0.3 2 0.25 0.32 Capitol redemption reserve 350.00 350.00 350.00 350.00 350.00 1. During FY202.4, the Bank hod transferred accumulated translation loss of '-1 339.66 crore related ta closure of Bank's Offshore Banking Unrt. SEEPZ Mumbai, to profit and loss Total debts to total assets• 6.34% 6.30% 7.11% 6.34% 7.11% account in terms of Accounting Standard 11 - The Effects of Changes in Foreign Exchange Rotes. 2. At December 31, 2024, the percentage of gross non-performing advances (net of write-off) to gross advances was 2.03% (September 30, 2024: 2.04%, Morch 31, 2024: 2.26%. December 31, 2023: 2.37%) and net non-performing advances t o net advances was 0.45% [September 30, 2024: 0.45%, March 31, 2024: 0.45%, December 31, 2023: 3. Net worth is computed as per RBI Moster Circular No. RBln015-16/70 DBR.No.Dir.BC.1 2/13.03.00no 1S. 16 on Exposure Norms doted July 1, 2015. Net worth also includes Available for Sale l'AFS') Reserve, 4. Debt represents borrowings with residual maturity of more than one year. 5. Total debts represents total borrowings or the Bonk. SUMMARISED STANDALONE BALANCE SHEET December September March December 31, 2024 30,2024 31, 2024 31, 2023 (Unaudited) (Unaudited) (Audited) (Unaudited) Capital and Liabilities Capital", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 5, "section": "Prachiti \nLalingkar", "subsection": "{I/CIC/Bank", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5cd761c59e112727"}, {"chunk_id": "b13011a09d305c13", "content": "5. Total debts represents total borrowings or the Bonk. SUMMARISED STANDALONE BALANCE SHEET December September March December 31, 2024 30,2024 31, 2024 31, 2023 (Unaudited) (Unaudited) (Audited) (Unaudited) Capital and Liabilities Capital 1,412.11 1,409.45 1,404.68 1,403.18 Emplayees stack aptions/units outstanding 1,801.66 1,650.74 1,405.32 1,242.55 Reserves and surplus 268,429.17 256,479.80 235,589.32 224,190.83 Deposits 1,520,308.75 1,497,760.67 1,412,824.95 1,332,314.54 Borrowinas !includes subordinated dcbtl 127,73 1.77 124,492.93 124,967.58 126,871.26 Other liabilities and provisions 93,659.67 95,064.64 95,322.73 97,199.72 Total Capital and Liabilities 2,013,343.13 1,976,858.23 1,871,514.58 1,783,222.08 Assets Cosh and balances with Reserve Bank of India 75,780.32 89,101.67 89,711.70 64,869.20 Balances with banks and money at coll and short notice 67.635.18 47.696.98 50,214.31 34.458.91 Investments 471,978.34 479,098.46 461,942.27 436,649.75 Advances 1,314,366.05 1.277,240.43 1,184,406.39 1,153,771.02 Fixed assets 11,921.03 11,545.62 10.859.84 10,353.96 Other assets 71,662.21 72,175.07 74,380.07 83,1 19.24 Total Assets 2,013,343.13 1,976,858.23 1,871,514.58 1,783,222.08 Notes on stondalono finonicol results: 1. The above standalone financial results hove been approved by the Boord of Directors ct its meeting held on January 25, 2025. 2. The standalone financial results hove been prepared in accordance with the recognition and measurement principles laid down in Accounting Standard 25", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 5, "section": "Prachiti \nLalingkar", "subsection": "{I/CIC/Bank", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5cd761c59e112727"}, {"chunk_id": "7639bdf1a64c7717", "content": "\"Interim Financial Reporting\" ('AS 25'), prescribed under Section 133 of the Companies Act, 2013, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines end directions issued by the Reserve Bank of India (\"the RBI\") from t ime to t ime and other accounting principles generally accepted in India and, in case of overseas jurisdictions, generally accepted accounting principles as applicable, and are in compliance with the presentation and disclosure requirements of the Regulation 33 and Regulation 52(4) read w ith Regulation 63 of the Securities Exchange Board of Indio (Listing Obligations and Disclosure Requirements) Regulations, 2015 (\"SEBI Regulations\") as emended including relevant circulars issued by SEBI from t ime to time. 3. At December 31, 2024, the Bonk holds contingency provision of 13,100.00 crore (September 30, 2024, March 31, 2024 and December 31, 2023: 13,100.00 4. Details of loons sold/acquired by the Bank as per RBI Moster Direction on Transfer of loon Exposures doted September 24, 2021 ore given below: a) loons not in default (i) Details of loans not in default sold/acquired under assignment during nine months ended December 31, 2024: Amount of loan 7.419.59 Weiqhted overaqe residual maturity (in years) 9.05 Particulars Loans acquired Loans sold Weiqht ed averaqe holdinq period of the oriqinotor (in years) 1.06 Retention of beneficial economic interest by the originator 2,362.11", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 5, "section": "Prachiti \nLalingkar", "subsection": "\"in crore \nParticulars \nToARCs \nTo permitted transferees \nNumber of accounts \n24 \n..", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3c738fe82426be3d"}, {"chunk_id": "23c76ba9ae9e7485", "content": "9.05 Particulars Loans acquired Loans sold Weiqht ed averaqe holdinq period of the oriqinotor (in years) 1.06 Retention of beneficial economic interest by the originator 2,362.11 Tanaible security coveraae (times) 1.61 l . The Bank has acquired facilities amounting to '( 477.69 crore and has sold facilities amounting to '( 60.00 crore during nine months ended December 31. 2024 through 2. In addition, the Bonk hos not acquired any loon through risk participation from secondary market. 3. The disclosure includes loons acquired through buyout ond co-lending similar to direct assignment (ii) Details of rating-wise distribution of the loans sold/acquired under assignment during nine months ended December 31, 2024: '( in crare Rating Loans acauired Loans sold Ind A-. A+, AA+,AA 546.97 \" ICRAA.AA-.A+ 172.54 \" Crisil A.A+,AA 45.25 .. l. Excluding retail and other unrated loans. b) Stressed loans (NPA and Special Mention Accounts) (i) Details of stressed loans classified as NPA sold by the Bank during nine months ended December 31. 2024: \"in crore Particulars ToARCs To permitted transferees Number of accounts 24 .. Aoareaate arincioal outstandina of loans tronsferred2 1B8.11 \" Weiaht ed averaae residual tenor of the loons transferred 3 .. \" Net book value of loons transferred lat the time of tronsferl 4 \" \" Aqqreqate consideration 166.53 \" Additional consideration realized in respect of accounts transferred in earlier years \" .. l.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 5, "section": "Prachiti \nLalingkar", "subsection": "\"in crore \nParticulars \nToARCs \nTo permitted transferees \nNumber of accounts \n24 \n..", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3c738fe82426be3d"}, {"chunk_id": "9bebff803327274f", "content": ".. \" Net book value of loons transferred lat the time of tronsferl 4 \" \" Aqqreqate consideration 166.53 \" Additional consideration realized in respect of accounts transferred in earlier years \" .. l. Excess provision reversed/income booked in profit and loss account on account of sole of NPAs to ARCs was '( 166.53 crore and no amount was transferred to other permitted transferees. 3. For NPAs, the Bonk issues loon recall notice and initiates legal proceedings for recovery, due to which the weighted overage residual tenor is not applicable. 4. Net of write-off and provisions. (ii) The Bonk hos not sold/acquired loons classified as Special Mention Account during nine months ended December 31. 2024. (iii) The Bonk has not acquired non-performing loans during nine months ended December 31, 2024. (iv) Details of roting-wise distribution of SRs held by the Bonk at December 31, 2024: Rating NAY estimate 'lo RRl Above 100% '( in crore Carrying value RR3 Above 50% upto 75% RR4 Above 25% upto SO% RR5 Upto 25% Total l . The Bonk holds marked-to-morkct loss of'( 336.62 crorc and additional provision of'{ B20.B9 crore. RR2 Above 75% upto 100%", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 5, "section": "Prachiti \nLalingkar", "subsection": "\"in crore \nParticulars \nToARCs \nTo permitted transferees \nNumber of accounts \n24 \n..", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3c738fe82426be3d"}, {"chunk_id": "c876181ed89087f9", "content": "5. There are no changes in the significant accounting policies applied during 9M-2025 as compared to those applied in FY2024 except for classification and Valuation and Operation of investment Portfolio of Commercial Banks (Directions), 2023 ('RBI Directions') which has introduced significant changes in the measurement of investments by the Bank. With effect from April 1, 2024, the Bank has implemented Moster Direction issued by the RBI on Classification, basis of classification and accounting of investments and recognition of fair valuation of gains and losses. Accordingly, in standalone financial results, the Bonk has accounted net transit ion gain of ~ 2,058.31 crore (net of tax) and ~ 1,156.10 crore (net of tax) in Available for Sale ('AFS') Reserve ctnd General Reserve respectively in accordance with the RBI Directions. categories at December 31, 2024 hove been recognised through AFS Reserve and Profit ond Loss account respectively. Accordingly, the amounts for previous periods arc not comparable. Subsequent changes in fair value of performing investment s under AFS and Fair Value Through Proft and Loss ('FVTPL') (including Held For Trading ('HFT')) 6. During Q3-2025, the Bonk hos allotted 13,288,873 equity shores of 'l' 2 each pursuant to exercise of employee stock options/units. 7. Previous period/year figures hove been re-grouped/re-classified where necessary to conform to current period classification.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 8, "section": "~J /!1/;", "subsection": "\"in crore \nParticulars \nToARCs \nTo permitted transferees \nNumber of accounts \n24 \n..", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d3c59c4bede85550"}, {"chunk_id": "53db8d0253a3fe6e", "content": "7. Previous period/year figures hove been re-grouped/re-classified where necessary to conform to current period classification. 8. The joint statutory auditors, B S R & Co. LLP, Chartered Accountants and C N K & Associates LLP, Chartered Accountants, hove conducted limited review and issued an unmodified report on the standalone financial results for Q2-2025, Q3-2025 and 9M-2025. The standalone financial results for Q3-2024, 9M-2024 and FY2024 were reviewed/audited by the joint statutory auditors, M S K A & Associates, Chartered Accountants and KKC & Associates LLP, Chartered Accountants, on which they hod issued unmodified conclusion/opinion. 9. '{ 1.00 crore = '{ 10.0 million. (~ in crore) Three months ended Nine months ended Year ended December September December December December March Sr. Porticulars 31, 2024 30, 2024 31, 2023 31, 2024 31, 2023 31, 2024 no. (Q3-2025) (Q2-2025) (Ql-2024) (9\"4-2025) (9\"4-2024) (FY2024) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudit ed) (Audited) 1. Seqment revenue 0 Retail Banking 39,437.70 38,750.86 34,000.52 115,567.02 98,137.75 134.547.57 b Wholesale Banking 21,119.32 20,388.83 19.454 B1 60,900.30 52.907.71 71,780.22 C Treasury 34,047.54 33,579.54 29.473,80 100,274.44 83.637.99 113,959.22 d Other Bankinq 1,395.25 1,254.38 949.56 3,339.89 2,521.71 3,297.30 Total segment revenue 95,999.81 93,973.61 83,878.69 280,081.65 237,205.16 323,ss,.31 Less: Inter segment revenue 47,631.94 46.259.57 41,087.05 138,002.04 114,953.59 157,735.60 Income from operations ,e,367.87 47,714.04 42,791.64 142,079.61", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 8, "section": "~J /!1/;", "subsection": "\"in crore \nParticulars \nToARCs \nTo permitted transferees \nNumber of accounts \n24 \n..", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d3c59c4bede85550"}, {"chunk_id": "65e14060e40405d6", "content": "3,297.30 Total segment revenue 95,999.81 93,973.61 83,878.69 280,081.65 237,205.16 323,ss,.31 Less: Inter segment revenue 47,631.94 46.259.57 41,087.05 138,002.04 114,953.59 157,735.60 Income from operations ,e,367.87 47,714.04 42,791.64 142,079.61 122,251.57 165,848.71 2. Segmental results (i.e. Profit before tax) a Retail Banking 5,332.36 5,556.19 4,288.46 15,127.62 13,363.06 18,849.17 b Wholesale Bonking 5,903.24 5.197.53 5,746.05 16,012.84 14.495.75 19,971.71 C Treasurv 4,218.14 4,603.39 3,327.70 14,295.11 11,656.75 14,898.40 d Other Banking 206.16 132.9B 312.04 407.0B 652.01 768.55 Total segment results 15,659.90 15,,90.09 13,67,.25 ,5,8'2.65 ,o,1s1.s1 5,,,s7.83 3. Seqment assets Q Retail Banking 776,300.69 778,247.73 690,053.22 776.300.69 690,053.22 719,313.62 b Wholesale Bonkinq 539,703.97 502,717.35 476.924.80 539,703.97 476,924.80 482.456.10 C Treasury 642,457.98 644,803.85 575,869.22 642,457.98 575,869.22 628,256.14 d Other Banking 49.906.72 46.368.30 33,024.20 49.906.72 33,024.20 34,891.44 e Unallocated 4,973.77 4,721.00 7,350.64 4,973.77 7,350.64 6,597.28 Total segment assets 2,013,343,13 1,976,858.23 1,783,222.08 2,013,3,3.13 1,783,222.08 1,871,51'.58 4. Segment liabilities Q Retail Banking 1,075,549.50 1,063,337.34 977,391.31 1,075,549.50 977,391.31 1,019,845.49 b Wholesale Banking 503,046.84 494,981.27 419,641.39 503.046.84 419,641.39 456,571.53 C Treosurv 142,951.22 138,508.93 140,077.86 142,951.22 140,077.86 137,386.24 d Other Banking 7.052.63 7,390.70 6,174.96 7,052.63 6.174.96 6.212.00 e Unallocated 13,100.00 13,100.00 13,100.00 13,100.00 13,100.00 13,100.00 Total segment liabilities 1,741,700.19 1,717,318.24 1,556,385.52 1,741,700.19", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 8, "section": "~J /!1/;", "subsection": "\"in crore \nParticulars \nToARCs \nTo permitted transferees \nNumber of accounts \n24 \n..", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d3c59c4bede85550"}, {"chunk_id": "32753d65ca9bcb4f", "content": "d Other Banking 7.052.63 7,390.70 6,174.96 7,052.63 6.174.96 6.212.00 e Unallocated 13,100.00 13,100.00 13,100.00 13,100.00 13,100.00 13,100.00 Total segment liabilities 1,741,700.19 1,717,318.24 1,556,385.52 1,741,700.19 1,556,385.52 1,633,115.26 5. Capital emploved 271,642.9' 259,539.99 226,836.56 271,642.94 226,836.56 238,399.32 6. Total 14)+(5) 2,013,343.13 1,976,858.23 1,783,222.08 2,013,343.13 1,783,222.08 1,871,51'.58 Notes on standalone segmental results: 1. The disclosure on segmental reporting hos been prepared in accordance with Securities and Exchange Board of India (SEBI) circular no. CIR/CFD/FAC/62/2016 2. \"Retail Banking\" includes exposures of the Bank which satisfy the four criteria of orientation, product, granularity and low value of individual exposures for dated July 5, 2016 on Revised Formats for Financial Results and Implementation of Ind AS by Listed Entities. retail exposures as per RBI guidelines. This segment also includes income from credit cords. debit cords. third party product distribution and the associated RBl's Master Direction on Financial Statements - Presentation and Disclosures. requires to sub-divide 'Retail banking' into (a) Digital Banking (as defined in banking segment is subdivided as below: RBI circular an Establishment of Digital Banking Units dated April 7, 2022) and (b) Other Reta il Banking segment. Accordingly, the segmental results for retail Sr, Particulars Segment Segment Segment Segment no. revenue results assets liabilities {i) Dioital Bankina", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 8, "section": "~J /!1/;", "subsection": "\"in crore \nParticulars \nToARCs \nTo permitted transferees \nNumber of accounts \n24 \n..", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d3c59c4bede85550"}, {"chunk_id": "fffcbfa77c977c4d", "content": "Accordingly, the segmental results for retail Sr, Particulars Segment Segment Segment Segment no. revenue results assets liabilities {i) Dioital Bankina 10,193.87 1,209.75 137,597.09 203.487.78 {ii) Other Retail Bankinq 29,243.83 4,122.61 638,703.60 872,061.72 Retail Banking 39,437.70 5,332.36 776,300.69 1,075,549.50 Retail Bankinq 38,750.86 5,556.19 778,247.73 1.063,337.34 (i) Diqital Banking 10,051.48 1.492.86 140,009.42 201.963.08 (ii) Other Retail Banking 28,6g9.38 4,063.33 638,238.31 861,374.26 (ii Diaital Bankinq 8,308.75 1,031.74 111,841.19 174,210.51 (ii) Other Retail Banking 25,691.77 3,256.72 578.212.03 803,180.80 Retail Bankinq 34,000.52 4,288.46 690,053.22 977,391.31 3. \"Wholesale Banking\" includes all advances to tru sts, partnership firms, companies and statutory bodies. by the Bank which are not included under Retail 4. \"Treasury\" primarily includes the entire investment and derivative portfolio of the Bank. 5. \"Other Banking\" includes leasing operations and other items not attributable to any particular business segment of the Bank. 6. \"Unallocated\" includes items such as tax paid in advance net of provision, deferred tax and provisions to the extent reckoned at the entity level. January 25, 2025 DIN-03620913", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 8, "section": "~J /!1/;", "subsection": "\"in crore \nParticulars \nToARCs \nTo permitted transferees \nNumber of accounts \n24 \n..", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d3c59c4bede85550"}, {"chunk_id": "2da0e48a9aaefd70", "content": "CIN -L6 5190GJ 1994PLC021012 Registered Office: ICICI Bank Tower, Near Chakli Circle, Old Padro Raad, Vadadara - 390 007, Gujarat. Phone: 0265-6722239 Corporate Office: ICICI Bank Towers. Bandra-Kurla Complex, Mumbai · 400 051, Maharoshtra, Phone: 022-4008 8900 Website: www.icicibank.com, Email: companysecretory@jcicibank.com CONSOLIDATED FINANCIAL RESULTS Three months ended Nine months ended December September December December December Particulars 31.2024 30,2024 31.2023 31,2024 31, 2023 (Q3-2025) (Q2-2025) (Ql-2024) 19M-20251 '9M-2021.l (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) Interest earned (a)+ (b)+{c)+ldl 47,037.12 46,325.78 40,865.23 137,944.55 116,909.20 a) Interest/discount on advances/bills 33,799.92 33,140.75 30,030.69 98,696.26 85,619.44 March 31, 2024 (FY2024l (Audited) 159,515.92 116,589.78 38,107.07 bl Income an investments 11,778.83 11,929.93 9,523.04 35,374.45 27,634.05 c) Interest on bolances with Reserve Bank of India and other inter- bank funds 822.27 836.46 680.86 2,376.47 1,962.63 2,649.88 2,169.19 76,521.80 45,852.81 30,668.99 236,037.72 Other income le)+ (O 27,589.44 26,616.77 18,614.53 76,894.62 51,946.82 di Others 636.10 418.64 630.64 1.497.37 1,693.08 el Premium and other operatina income from insurance business 18,181.62 16,779.41 10,587.45 48,528.09 28.963.65 0 Others 9,407.82 9,837.36 8,027.08 28,366.53 22,983.17 TOTAL INCOME 111+121 74,626.56 72,942.55 59,479.76 214,839.17 168,856.02 Interest expended 22,633.41 22,225.30 19,408.76 65,980.33 53,684.43 Ooeratina exoenses (al+lhl+(il 32.242.27 30,838.91 23,908.69 9 1,152.34 67,876.37 al Employee cost 5,673.89 5,993.19", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 11, "section": "fl IC/Cl Bank", "subsection": "\"in crore \nParticulars \nToARCs \nTo permitted transferees \nNumber of accounts \n24 \n..", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "06543b07623ae4df"}, {"chunk_id": "2607b898002b4232", "content": "74,626.56 72,942.55 59,479.76 214,839.17 168,856.02 Interest expended 22,633.41 22,225.30 19,408.76 65,980.33 53,684.43 Ooeratina exoenses (al+lhl+(il 32.242.27 30,838.91 23,908.69 9 1,152.34 67,876.37 al Employee cost 5,673.89 5,993.19 4,749.19 17,832.93 14.222.75 h) Cla ims and benefits paid and other expenses pertaining to i) Other operating expenses 7,683.90 7,504.12 7,228.01 22.446.66 21,327.29 insurance business 18,884.48 17,341.60 11,931.49 50,872.75 32.326.33 TOTAL EXPENDITURE EXCLUDING PROVISIONS ANO CONTINGENCIES (4)+(5) 54,875.68 53,064.21 43,317.45 157,132.67 121,560.80 OPERATING PROFIT BEFORE PROVISIONS AND CONTINGENCIES 131-161 19,750.88 19,878.34 16,162.31 57,706.50 47,295.22 Provisions (other than tax) and cantinaencies 1,267.86 1,381.88 1,020.45 3,965.63 3,014.50 PROFIT FROM ORDINARY ACTIVITIES BEFORE EXCEPTIONAL ITEMS AND TAX 171- 181 18.483.02 18.496.46 15.141.86 53,740.87 44,280.72 Exceptional items .. .. .. . . .. Add: Share of crofit in associates 18.28 45.19 259.96 120.34 846.45 PROFIT FROM ORDINARY ACTIVITIES BEFORE TAX AND MINORITY INTEREST 191-llOl+llll 18,501.30 18,541.65 15.401.B2 53,861.21 45,127.17 Tax expense (i)+lkl 4,654.41 4,635.66 3,886.67 13,645.52 11,246.71 ii Current tax 4,797.23 4,214.41 3,810.46 13,106.38 10,956.53 61,508.13 15,427.62 13,693.30 Less: Share of Profit/llossl of minoritv shareholders 963.52 95B.22 462.55 2,688.71 1,295.61 k) Deferred tax (142.B2) 421.25 76.21 539.14 290.18 1,734.32 1,824.14 44,256.37 NET PROFIT FROM ORDINARY ACTIVITIES AFTER TAX 12,883.37 12,947.77 11,052.60 37,526.98 32,584.85 Extraordinary items (net of tax expense) .. .. ..", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 11, "section": "fl IC/Cl Bank", "subsection": "\"in crore \nParticulars \nToARCs \nTo permitted transferees \nNumber of accounts \n24 \n..", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "06543b07623ae4df"}, {"chunk_id": "5cc5712d6cb7b9f5", "content": "k) Deferred tax (142.B2) 421.25 76.21 539.14 290.18 1,734.32 1,824.14 44,256.37 NET PROFIT FROM ORDINARY ACTIVITIES AFTER TAX 12,883.37 12,947.77 11,052.60 37,526.98 32,584.85 Extraordinary items (net of tax expense) .. .. .. .. .. NET PROFIT FOR THE PERIOD (15)·(16) 12,883.37 12,947.77 11,052.60 37,526.98 32,584.85 Paid-up eouitv share capital !face value 'f 2/- eachl 1.412.11 1.409.45 1.403.1B 1,412.11 1,403.18 Reserves excludinq revaluation reserves Earninas per share IEPSl . 44,256.37 1,404.68 250,222.56 1 lnot annualised! fin 'f\\ 18.26 18.39 15.77 53.29 46.55 Basic EPS before and after extraordinary items, net of ta x expense Diluted EPS before and after extraordinary items, net of tax expense I lnat annualised) lin 'fl 17.95 18.05 15.47 52.31 45.65 SUMMARISED CONSOLIDATED BALANCE SHEET ('f in crore) At December September March December Particulars 31, 2024 30,2024 31, 2024 31,2023 (Unaudited) (Unaudited) (Audited) (Unaudited) Capital and LiabilitiH Capitol 1,412.ll 1,409.45 1,404.68 1,403. 18 Employees stock options/units outstanding 1.801.66 1,650.74 1,405.32 1,242.55 Reserves ond surplus 289,472.72 277,026.44 253,333.84 241.184.80 Minority interest 15,642.90 15,586.37 13.888.42 7,431.64 Deposits 1,551.165,62 1.529,513.61 1,443,579.95 1,366,842.09 Borrowings (includes subordinated debt) 217.007.20 219,760.55 207,428.00 200,966.94 Policyholders' funds 294,558.26 306,679.41 281.318.33 273,564.40 Other liabilities and provisions 160,427.09 164,884.99 161,704.49 115,382.83 Total Capital and Liabilities 2,531,487.56 2,516,511.56 2 364,063.03 2,208,018.43 Assets", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 11, "section": "fl IC/Cl Bank", "subsection": "\"in crore \nParticulars \nToARCs \nTo permitted transferees \nNumber of accounts \n24 \n..", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "06543b07623ae4df"}, {"chunk_id": "1a55d1839b239a96", "content": "Policyholders' funds 294,558.26 306,679.41 281.318.33 273,564.40 Other liabilities and provisions 160,427.09 164,884.99 161,704.49 115,382.83 Total Capital and Liabilities 2,531,487.56 2,516,511.56 2 364,063.03 2,208,018.43 Assets Cash and bolonces with Reserve Bonk of India 75,931.64 89,198.99 89,943.02 64,935.13 Balances with banks and money at call and short notice 96,580.68 75,185,64 72.825.88 56,514.16 Advances 1,397,265.27 1,360,046.48 1,260,776.20 1,229,198.02 Investments 849,417.41 874,760.49 827,162.51 754,864.94 Other assets 94,689.56 100,155.51 97,640.98 90,491.08 Goodwill on consolidation 2,910.18 2,910.18 2.474.16 101.33 Total Assets 2,531,487.56 2,516,511.56 2,364,063.03 2,208,018.43 Fixed assets 14,692.82 14,254.27 13,240.28 11,9 13.77 Notes on consolidated financial results: l. The above consolidated financial results hove been approved by the Boord of Directors at its meeting held on January 25, 2025. 2. The consolidated financial results hove been prepared in accordance with t he recognition end measurement principles laid down in Accounting Standard 25 \"Interim Financial Reporting\" {'AS 25'). prescribed under Section 133 of the Companies Act. 2013, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bonk of Indio (\"the RBI\") from time t o time, the Insurance Regulatory and Development Authority", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 11, "section": "fl IC/Cl Bank", "subsection": "\"in crore \nParticulars \nToARCs \nTo permitted transferees \nNumber of accounts \n24 \n..", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "06543b07623ae4df"}, {"chunk_id": "c28efb59cd6a412e", "content": "the circulars, guidelines and directions issued by the Reserve Bonk of Indio (\"the RBI\") from time t o time, the Insurance Regulatory and Development Authority of Indio ('the IRDAI') (Preparation of Finonciol Statements and Auditors Report of Insurance companies) Regulations, 2002 {'IRDAI Guidelines') applicable for insurance entities and other accounting principles generally accept ed in Indio and, in case of overseas jurisdictions, generally accepted accounting principles as opplicoble, and ore in compliance with the presentation and disclosure requirements of the Regulation 33 and Regulation 52(4) read with Regulation 63 of the Securities Exchange Boord of Indio (Listing Obligations and Disclosure Requirements) Regulations, 2015 (\"SEBI Regulations\") as amended including relevant circulars issued by SEBI from time to time. 3. There ore no changes in the significant accounting policies applied during 9M-2025 os compared to those applied in FY2024 except for classification and measurement of investments. With effect from April l, 2024, the Bank has implemented Moster Direction issued by the RBI on Classification, Valuation and Operation of investment Portfolio of Commercial Banks (Directions), 2023 ('RBI Directions') which hos introduced significant changes in the basis of classification ond accounting of investments and recognition of fair valuation of gains and losses.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 11, "section": "fl IC/Cl Bank", "subsection": "\"in crore \nParticulars \nToARCs \nTo permitted transferees \nNumber of accounts \n24 \n..", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "06543b07623ae4df"}, {"chunk_id": "981069a6687e2a23", "content": "(except insurance subsidiaries). hove aligned with the Bank's accounting policies including the aforesaid RBI Directions. Accordingly. the Group has accounted net transition gain of ~ 2,058.31 crore (net of tox and minority interest) and ~ 1,408.29 crore (net of tax ond minority interest) in AFS Reserve and General Reserve respectively in accordance with the RBI Directions. Subsequent changes in fair value of performing investments under AFS and Fair Value Through Proft and Loss {'FVTPL') (including Held For Trading ('HFT')) categories at December 31, 2024 hove been recognised through AFS Reserve and Profit and Loss account respectively. Accordingly, the amounts for previous periods ore not comparable. 4. During Q3-2025, the Bonk has allotted 13,288,873 equity shores of 'f 2 each pursuant to exercise of employee stock options/units. 5. At December 31, 2024, the Bonk has 18 subsidiaries (including three step-down subsidiaries) and six associates. 6. ICICI Lombard General Insurance Company Limited ceased to be on associate and become a subsidiary of the Bank effective from February 29, 2024. I-Process Services (Indio) Private Limited ceased to be an associate and became a subsidiary of the Bonk effective from Morch 20, 2024. Subsequently, I-Process Services (Indio) Private Limited became a wholly-owned subsidiary of t he Bonk effective from Morch 22, 2024. Accordingly, the consolidated financial results", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 13, "section": "fl IC/Cl Bank", "subsection": "\"in crore \nParticulars \nToARCs \nTo permitted transferees \nNumber of accounts \n24 \n..", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "01471e2c7f54a1cf"}, {"chunk_id": "cc62bab440509c38", "content": "Subsequently, I-Process Services (Indio) Private Limited became a wholly-owned subsidiary of t he Bonk effective from Morch 22, 2024. Accordingly, the consolidated financial results for Q2-2025, Q3-2025 and 9M-2025, ore not comparable with the previous periods/year. 7. In accordance with RBI guidelines, consolidated Pillar 3 disclosure (unaudited), leverage ratio, liquidity coverage ratio, net stable funding ratio is avoiloble at https://www.icicibonk.com/regulotory-disclosure.poge. 8. Previous period/year figures hove been re-grouped/re-classified w here necessary to conform to current period classificat ion. 9. The joint statutory auditors, BS R & Co. LLP, Chartered Accountants and C N K & Associates LLP. Chartered Accountants, hove conducted limited review and issued an unmodified report on the consolidated financial results for Q2-2025, Q3-2025 and 9M-2025. The consolidated financial results for Q3-2024, 9M- 2024 and FY2024 were reviewed/audited by the joint statutory auditors. M S KA & Associates, Chartered Accountants and KKC & Associates LLP. Chartered Accountants, on which they hod issued unmodified conclusion/opinion. 10. 'f 1,00 crore = 'f 10.0 million, l't in crorc) Three months ended Nme months ended Year ended u ecemaer :,eptemaer December December December March Sr. Particulars 31, 2024 30, 2024 31, 2023 31, 2024 31, 2023 31, 2024 no. (Q3-2025) (Q2-2025) (Q3-2024) (9M-2025) (9M-2024) (FY2024) CONSOLIDATED SEGMENTAL RESULTS (Unaudited) (Unaudited)", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 13, "section": "fl IC/Cl Bank", "subsection": "\"in crore \nParticulars \nToARCs \nTo permitted transferees \nNumber of accounts \n24 \n..", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "01471e2c7f54a1cf"}, {"chunk_id": "3c2c44e65bf84af7", "content": "u ecemaer :,eptemaer December December December March Sr. Particulars 31, 2024 30, 2024 31, 2023 31, 2024 31, 2023 31, 2024 no. (Q3-2025) (Q2-2025) (Q3-2024) (9M-2025) (9M-2024) (FY2024) CONSOLIDATED SEGMENTAL RESULTS (Unaudited) (Unaudited) (Unaudited) (Unaudited) !Unaudited) (Audited! a Retail Bankina 39 437.70 38 750.86 34 000.52 115.567.02 98,137.75 134.547.57 b Wholesale Bonkinq 21,119.32 20,388.83 19,454.81 60,900,30 52,907.71 71,780.22 d Other Bankinq 2,171.80 2,075.55 1.747.7 1 5,744.77 4,811.91 6.403.40 C Treasury 34,051.79 33,563.89 29,356.10 100,267.22 83,380.45 113,701.83 e Life Insurance 15,550.99 13,888.43 13,150.14 40,775.10 36,500.97 54,236.13 a Others 4,559.87 5,184.30 3,607.65 14,180.56 10.024.60 14,036.87 Total seament revenue 123 353.82 120,398.81 101316.93 356 619.84 285,763.39 396,601.83 Less: Inter seqmcnt revenue 48 727.26 47 456.26 41837.17 141,780.67 116,907.37 160,564.11 Income from occrations 74 626.56 72 942.55 59 479.76 214 839.17 168 856.02 236 037.72 2. Seamental results (i.e. Profit before tax and minority interest) f General Insurance 6.462.35 6,546.95 .. 19.184.87 .. 1,895.81 b Wholesale Banking 5,903.24 5,197.53 5,746.05 16,012.84 14.495.75 19,971.71 a Retail Bankinq 5,332.36 5,556.19 4,288.46 15 127.62 13,363.06 18.849.17 d Other Bankina 421.68 306.75 521.95 1,042.56 1,277.26 1,638.40 C Treasury 4.222.35 4,587.70 3,209.97 14,287.78 11,399.12 14,640.88 e Life Insurance 375.72 286.36 232.10 922.31 688.89 923.23 f General Insurance 960.09 919.03 .. 2.653.11 .. 220.47 g Others 1,791.61 2.164.03 1.674.77 5.638.75 4,386.80 6,009.70 Total aeament results 19 007.05 19 017.59 15 673.30 55 684.97 45 610.88 62 253.56", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 13, "section": "fl IC/Cl Bank", "subsection": "\"in crore \nParticulars \nToARCs \nTo permitted transferees \nNumber of accounts \n24 \n..", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "01471e2c7f54a1cf"}, {"chunk_id": "b79e4e9f8d9f8a1a", "content": "375.72 286.36 232.10 922.31 688.89 923.23 f General Insurance 960.09 919.03 .. 2.653.11 .. 220.47 g Others 1,791.61 2.164.03 1.674.77 5.638.75 4,386.80 6,009.70 Total aeament results 19 007.05 19 017.59 15 673.30 55 684.97 45 610.88 62 253.56 Less: Inter seamen! adiustment 524.03 521.13 531.44 1,944.10 1,330.16 1,819.20 Add: Share of profit in associates 18.28 45.19 259.96 120.34 846.45 1,073.77 Profit before tax and minority interest 18,501.30 18,541.65 15 401,82 53,861.21 45,127.17 61508,13 3. Segment assets a Retail Bankina 776,300.69 778,247.73 690,053.22 776,300.69 690,053.22 719,3 13.62 b Wholesale Banking 539,703.97 502,717.35 476,924.80 539,703.97 476,924.80 482,456.10 C Treasury 643,464.46 645,790.96 58 1,439.71 643,464.46 581,439.71 634,054.80 d Other Bankina 101,630.96 99,697.42 90,976.81 101,630.96 90,976.81 89,305.62 e Life Insurance 313,562.01 326,637.20 290,291.18 313,562.01 290,291.18 298.795.29 f General Insurance 67,543.65 67,534.00 .. 67,543.65 .. 62,831.70 q Others 96,324.74 103,293.30 81,565.42 96.324.74 81.565.42 87.996.61 h Unallocated 5,850.67 5,373.78 7,891.62 5,850.67 7,891.62 7,571.17 Total 2,544 381.15 2,529,291.74 2,219,142.76 2,544,381.15 2,219,142.76 2,382,324.91 Less: Inter seqment adjustment 12,893.59 12,780.18 11,124.33 12,893.59 11.124.33 18,261.88 Total segment assets 2,531,487.56 2,516,511.56 2,208,018.43 2,531,487.56 2,208,018.43 2,364,063.03 4. Seqment liabilities a Retail Banking 1,075,549.50 1,063,337.34 977,391.31 1,075,549.50 977,391.31 1,019,845.49 b Wholesale Bankinq 503,046.84 494.981.27 419,641.39 503,046.84 419,641.39 456,571.53 d Other Banking 52,902.37 54,914.98 58,540.17 52,902.37 58,540.17 55,134.33 C", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 13, "section": "fl IC/Cl Bank", "subsection": "\"in crore \nParticulars \nToARCs \nTo permitted transferees \nNumber of accounts \n24 \n..", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "01471e2c7f54a1cf"}, {"chunk_id": "0cdb03b5fbc5b232", "content": "1,075,549.50 1,063,337.34 977,391.31 1,075,549.50 977,391.31 1,019,845.49 b Wholesale Bankinq 503,046.84 494.981.27 419,641.39 503,046.84 419,641.39 456,571.53 d Other Banking 52,902.37 54,914.98 58,540.17 52,902.37 58,540.17 55,134.33 C Treasury 169,403.66 164,916.99 155,996.16 169.403.66 155,996.16 166,411.24 e Life Insurance 302,174.49 315,258.92 279,465.00 302,174.49 279,465.00 287,991.47 f General Insurance 53,531.30 53,159.31 .. 53.53 1.30 .. 50,358.96 q Others 81,986.50 89,536.30 71,178.20 81,986.50 71.178.20 76,768.05 h Unallocated 13,100.00 13,100.00 13,100.00 13,100.00 13,100.00 13,100.00 Total 2 251694.66 2 249 205.11 1,975,312.23 2,251,694.66 1,975,312.23 2,126,181.07 Less: Inter seqment adjustment 12.893.59 12,780.18 11.124.33 12,893.59 11,124.33 18,261.88 Total s eqment liabilitie s 2 238 801.07 2,236 424.93 1964 187.90 2,238,80L07 1,964,187.90 2 107,919.19 5. Cqpital employed 292 686.49 280,086.63 243 830,53 292,686.49 243,830.53 256 143,84 6. Total 141+(51 2,531,487.56 2,516,511.56 2,208,018.43 2,531,487.56 2,208,018.43 2,364,063.03 Notes on consolidated segmental results: 1. The disclosure on segmentol reporting hos been prepored in occordance with Securities and Exchange Board of India (SEBI) circular no. CIR/CFD/FAC/62/2016 dated July 5. 2016 on Revised Formats for Financial Results ond lmplementotion of Ind AS by Listed Entities. 2. 'Retail Banking' includes exposures of the Bank which satisfy the four criteria of orientation, product, granularity and low value of individual exposures for retail", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 13, "section": "fl IC/Cl Bank", "subsection": "\"in crore \nParticulars \nToARCs \nTo permitted transferees \nNumber of accounts \n24 \n..", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "01471e2c7f54a1cf"}, {"chunk_id": "918fb8b7d9670cbc", "content": "exposures as per RBI guidelines. This segment also includes income from credit cords, debit cords, third party product distribution and the associated costs. 3. 'Wholesole Banking' includes all advances to trusts, partnership firms, companies and statutory bodies, by the Bank which are not included under Retail Banking. 4. 'Treasury' primarily includes the entire investment and derivative portfolio of the Bank. 5. 'Other Banking' includes leasing operations and other items not attributable to any particular business segment of the Bonk. Further, it includes the Bank's banking subsidiaries i.e. ICICI Bank UK PLC and ICICI Bank Canada. 7. 'General Insurance' represents ICICI Lombord General Insurance Company Limited. 6. 'Life Insurance' represents ICICI Prudential Life Insurance Compony Limited. 8. 'Others' comprises the consolidated entities of the Bank, not covered in any of the segments above. 10. ICICI Lombard General Insurance Company Limited ceased to be an associate and became a subsidiary of the Bank effective from February 29. 2024. I-Process 9. 'Unallocoted' includes items such as tax paid in advance net of provision, deferred tax and provisions to the extent reckoned at the entity level. (India) Private Limited became a wholly-owned subsidiary of the Bank effective from March 22. 2024. Accordingly, the consolidated segmental results for Q2-2025,", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 13, "section": "fl IC/Cl Bank", "subsection": "\"in crore \nParticulars \nToARCs \nTo permitted transferees \nNumber of accounts \n24 \n..", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f2150c3fbfe61dc2"}, {"chunk_id": "95a43e42f3051010", "content": "(India) Private Limited became a wholly-owned subsidiary of the Bank effective from March 22. 2024. Accordingly, the consolidated segmental results for Q2-2025, Q3-2025 and 9M-2025, are not comparable with the previous periods/year. Services (India) Private Limited ceased to be an associate and became a subsidiary of the Bank effective from March 20, 2024. Subsequently, I-Process Services", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 13, "section": "fl IC/Cl Bank", "subsection": "\"in crore \nParticulars \nToARCs \nTo permitted transferees \nNumber of accounts \n24 \n..", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f2150c3fbfe61dc2"}, {"chunk_id": "eeaf247cfe266d41", "content": "For and an behalf of he By rd of Directors g January 25, 2025 DIN-03620913 BSR& Co. LLP Chartered Accountants C N K & Associates LLP Chartered Accountants 14th Floor, Central B Wing and No1th C Wing Nesco IT Park 4, esco Center Westen, Express Highway, Goregaon (East) Mumbai - 400 063, India 3rd Floor, Mistry Bhavan, Dinshaw Vachha Road. Churchgate Mumbai- 400 020, India Independent Auditors' limited review report on unaudited standalone financial results for the quarter ended 31 December 2024 and year to date results for the period from 1 April 2024 to 31 December 2024 of the ICICI Bank Limited pursuant to Regulation 33 and Regulation 52(4) read with Regulation 63 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To the Board of Directors of ICICI Bank Limited I. We have reviewed the accompanying Statement of unaudited standalone financial results of ICICI Bank Limited (hereinafter referred to as 'the Bank') for the quarter ended 31 December 2024 and year to date results for the period from 1 April 2024 to 31 December 2024 ('the Statement'), being submitted by the Bank pursuant to the requirements of Regulation 33 and Regulation 52(4) read with Regulation 63 of the Securities and Exchange Board of India ('the SEBl') (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('the Listing Regulations'). 2.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 16, "section": "For and an behalf of he By\nrd of Directors \ng", "subsection": "g· tration no.: IO I 248W/W-100022", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3b5894d6b86d585f"}, {"chunk_id": "198880b776eac445", "content": "the Securities and Exchange Board of India ('the SEBl') (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('the Listing Regulations'). 2. This Statement, which is the responsibility of the Bank's management and approved by its Board of Directors. has been prepared in accordance with the recognition and measurement principles laid down in Accounting Standard 25 \" Interim Financial Reporting'' ('AS 25'), prescribed under Section 133 of the Companies Act 20 I 3, read with relevant rules issued thereunder, in so far as they apply to banks, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the RBI from time to time ('the RBI Guidelines') and other accounting principles generally accepted in India, and in compliance with Regulation 33 and Regulation 52(4) read with Regulation 63 of the Listing Regulations. Our responsibility is to issue a report on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 24 l O \"Review of Interim Financial Information Performed by the Independent Auditor of the Entity\", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 16, "section": "For and an behalf of he By\nrd of Directors \ng", "subsection": "g· tration no.: IO I 248W/W-100022", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3b5894d6b86d585f"}, {"chunk_id": "a017223d258dad3a", "content": "Entity\", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. BS R& Co. LLP Chartered Accountants C N K & Associates LLP Chartered Accountants 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid accounting standard and other accounting principles generally accepted in India and the RBI guidel ines, has not disclosed the information required to be disclosed in terms of Regulation 33 and Regulation 52(4) read with Regulation 63 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement or that it has not been prepared in accordance with the relevant prudential norms issued by the RBI in respect of income recognition, asset classification, provisioning and other related matters. 5.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 16, "section": "For and an behalf of he By\nrd of Directors \ng", "subsection": "g· tration no.: IO I 248W/W-100022", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3b5894d6b86d585f"}, {"chunk_id": "10bfa3626bbe924e", "content": "it has not been prepared in accordance with the relevant prudential norms issued by the RBI in respect of income recognition, asset classification, provisioning and other related matters. 5. The standalone financial results of the Bank for the year ended 31 March 2024 were audited jointly by the predecessor auditors whose report dated 27 April 2024 had expressed an unmodified opinion. The standalone financial results of the Bank for corresponding quarter ended 31 December 2023 and corresponding period from I April 2023 to 31 December 2023 were reviewed jointly by the predecessor auditors whose report dated 20 January 2024 had expressed an unmodified conclusion. Our review report is not modified in respect of the above matters. For B S R & Co. LLP Chartered Accountants g· tration no.: IO I 248W/W-100022 ation no.: I 01961 W/WI 00036 Ashwin Suvarna Partner Membership No.: I 09503 Nlanish Sampat Partner Membership No.: IO I 684 UDIN: 25 109503BMOQAF3445 UDIN: 2510 1684BMMLKR7991 Place: Mumbai Date: 25 January 2025 Place: Mumbai Date: 25 January 2025 BS R& Co. LLP Chartered Accountants C N K & Associates LLP Chartered Accountants 3rd Floor, M istry Bhavan, 14th Floor, Central B Wing and North C Wing Nesco IT Park 4, Nesco Center Western Express Highway, Goregaon (East) Mumbai - 400 063, India Dinshaw Vachha Road, Churchgatc Mumbai- 400 020, India Limited review report on unaudited quarterly consolidated financial results and consolidated year-to-", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 16, "section": "For and an behalf of he By\nrd of Directors \ng", "subsection": "g· tration no.: IO I 248W/W-100022", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3b5894d6b86d585f"}, {"chunk_id": "2efe984ddfdcbc41", "content": "Mumbai - 400 063, India Dinshaw Vachha Road, Churchgatc Mumbai- 400 020, India Limited review report on unaudited quarterly consolidated financial results and consolidated year-to- date results for quarter ended 31 December 2024 and year to date results for the period from 1 April 2024 to 31 December 2024 of ICICI Bank Limited pursuant to Regulation 33 and Regulation 52(4) read with Regulation 63 of the of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To the Board of Directors of ICICI Bank Limited I. We have reviewed the accompanying Statement of unaudited consolidated financial results of !CIC! Bank Limited (hereinafter referred to as \"the Parent\"), and its subsidiaries (the Parent and its subsidiaries together referred to as \"the Group\"), and its share of the net profit after tax of its associates for the quarter ended 3 I December 2024 and year to date results for the period from I April 2024 to 3 1 December 2024 (\"the Statement''). being submitted by the Parent pursuant to the requirements of Regulation 33 and Regulation 52(4) read with Regulation 63 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 20 I 5, as amended (\"Listing Regulations\"), except for the disclosures prescribed by the Reserve Bank of India (the 'RBI') relating to", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 16, "section": "For and an behalf of he By\nrd of Directors \ng", "subsection": "g· tration no.: IO I 248W/W-100022", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3b5894d6b86d585f"}, {"chunk_id": "892ad52a6e28ea6e", "content": "India (Listing Obligations and Disclosure Requirements) Regulations, 20 I 5, as amended (\"Listing Regulations\"), except for the disclosures prescribed by the Reserve Bank of India (the 'RBI') relating to consolidated Pillar 3 disclosures as at 31 December 2024, including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel Ill Capital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in Note 7 to the Statement and have not been reviewed by us. 2. This Statement. which is the responsibility of the Parent's management and approved by the Parent's", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 16, "section": "For and an behalf of he By\nrd of Directors \ng", "subsection": "g· tration no.: IO I 248W/W-100022", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3b5894d6b86d585f"}, {"chunk_id": "8689513ea6df7bea", "content": "Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Accounting Standard 25 \"Interim Financial Reporting\" (\"AS 25\"), prescribed under Section 133 of the Companies Act, 20 I 3, read with relevant rules issued thereunder, in so far as they apply to banks, the relevant provisions of the Banking Regulation Act, 1949, the circulars, the guidelines and directions issued by the Reserve Bank of India (RBI) (\"RBI Guidelines\") and guidelines issued by Insurance Regulatory and Development Authority of India (\"IRDA I guidelines\") as applicable, and other accounting principles generally accepted in India and in compliance with Regulation 33 and Regulation 52(4) read with Regulation 63 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 24 10 \" Review of Interim Financial Information Performed by the Independent Auditor of the Entity\", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 18, "section": "For and an behalf of he By\nrd of Directors \ng", "subsection": "g· tration no.: IO I 248W/W-100022", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "dd390a73f336919d"}, {"chunk_id": "954731d455856b34", "content": "information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable. 4. The Statement includes the results of the entities mentioned in Annexure I. BS R & Co. LLP Chartered Accountants C ' K & Associates LLP Chartered Accountants 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Accounting Standard, RBI Guidelines, IRDAI guidelines, as applicable and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 18, "section": "For and an behalf of he By\nrd of Directors \ng", "subsection": "g· tration no.: IO I 248W/W-100022", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "dd390a73f336919d"}, {"chunk_id": "931e8fc23763064b", "content": "Standard, RBI Guidelines, IRDAI guidelines, as applicable and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 and Regulation 52(4) read with Regulation 63 of the Listing Regulations, including the manner in which it is to be disclosed, except for the disclosures relating to consolidated Pillar 3 disclosure as at 31 December 2024, including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel 111 Capital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in Note 7 to the Statement and have not been reviewed by us. 6. We did not review the interim financial information of 6 subsidiaries included in the Statement, whose interim financial information reflect total assets (before consolidation adjustments) of Rs. 445,577.08 crores as at 31 December 2024 and total revenues (before consolidation adjustments) of Rs. 24,936.31 crores and Rs. 69,082.67 crores. total net profit after tax (before consolidation adjustments) of Rs. 1,899.31 crores and Rs. 5,589.45 crores, for the quarter ended 3 1 December 2024 and for the period from I April 2024 to 3 1 December 2024 respectively, as considered in the Statement. These interim financial information have been reviewed by other auditors whose reports have been furnished to us by", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 18, "section": "For and an behalf of he By\nrd of Directors \ng", "subsection": "g· tration no.: IO I 248W/W-100022", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "dd390a73f336919d"}, {"chunk_id": "1aa7639a8bcc390d", "content": "from I April 2024 to 3 1 December 2024 respectively, as considered in the Statement. These interim financial information have been reviewed by other auditors whose reports have been furnished to us by the Parent's management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsid iaries, is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above. Further, 3 subsidiaries whose interim financial information reflects total assets of Rs. 32,262.1 6 crores (before consolidation adj ustments) as at 3 1 December 2024 and total revenues of Rs. 1,593.94 crores and Rs. 4,934.12 crores (before consolidation adjustments) and total net profit after tax of Rs. 497.29 crores and Rs. 1,411.25 crores (before consolidation adjustments) for the quarter ended 31 December 2024 and for the period from 1 April 2024 to 31 December 2024 respectively, as considered in the Statement has been reviewed by only one of the joint auditors of the Bank and our conclusion on the Statement in so far as it relates to the amounts and disclosures included in respect of this subsidiary, is based solely on the review report issued by the said auditors of the subsidiary company and the procedures performed as stated in paragraph 3 above. Our conclusion is not modified in respect of this matter. 7.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 18, "section": "For and an behalf of he By\nrd of Directors \ng", "subsection": "g· tration no.: IO I 248W/W-100022", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "dd390a73f336919d"}, {"chunk_id": "1db0a81af09c5809", "content": "procedures performed as stated in paragraph 3 above. Our conclusion is not modified in respect of this matter. 7. The Statement includes the financial information of9 subsidiaries which have not been reviewed, whose interim financial information reflect total assets (before consolidation adjustments) of Rs. 52,202.80 crores as at 3 1 December 2024 and total revenue (before consolidation adjustments) of Rs. 820.6 1 crores and Rs. 2,532.05 crores and total net profit after tax (before consolidation adjustments) of Rs. 165.87 crores and Rs. 542.02 crores for the quarter ended 31 December 2024 and for the period from 1 April 2024 to 3 1 December 2024, respectively, as considered in the Statement. The Statement also includes the Group's share of net profit after tax of Rs. 18.28 crores and Rs. 120.34 crores for the quarter ended 3 1 December 2024 and for the period from I April 2024 to 3 1 December 2024, respectively in respect of 6 associates, based on their financial information which have not been reviewed. According to the information and explanations given to us by the Parent's management, these interim financial information are not material to the Group. Our conclusion is not modified in respect of this matter. BS R& Co. LLP Chartered Accountants C N K & Associates LLP C hartered Accounta nts 8. The joint statutory auditors of ICICI Prudential Life Insurance Company Limited ('ICICI Life'), vide", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 18, "section": "For and an behalf of he By\nrd of Directors \ng", "subsection": "g· tration no.: IO I 248W/W-100022", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "dd390a73f336919d"}, {"chunk_id": "08853d95e5ecc2de", "content": "their review report dated 22 January 2025 have expressed an unmodified opinion and have reported in the 'Other Matter' section that 'The actuarial valuation of liabilities for life policies in force and for policies in respect of which premium has been discontinued but liability exists as at 3 1 December 2024 is the responsibility of the Company's Appointed Actuary (the ' Appointed Actuary\"). The actuarial valuation of these liabilities for life policies in force and for policies in respect of which premium has been discontinued but liability exists as at 31 December 2024 has been duly certified by the Appointed Actuary and in his opinion, the assumptions for such valuation are in accordance with the guidelines and norms issued by the Insurance Regulatory and Development Authority of India ('I ROAi') and the Institute of Actuaries of India in concurrence with the Authority. The joint auditors have relied upon the Appointed Actuary's certificate in this regard for forming their opinion on the valuation of liabilities for life policies in force and for policies in respect of which premium has been discontinued but liability exists, as contained in the group reporting pack of the Company'. Our conclusion is not modified in respect of this matter. 9. The joint statutory auditors of ICICI Lombard General Insurance Company Limited ('ICICI General'),", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 20, "section": "For and an behalf of he By\nrd of Directors \ng", "subsection": "ICICI Bank Limited \nICICI Bank Towers \nBandra Kurla Complex \nMumbai 400 051", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b7f7dcfe6215d1ed"}, {"chunk_id": "eb71a2c52498b9cf", "content": "Our conclusion is not modified in respect of this matter. 9. The joint statutory auditors of ICICI Lombard General Insurance Company Limited ('ICICI General'), vide their review report dated 17 January 2025, have expressed an unmodified opinion and have reported in the 'Other Matter' section that, 'The actuarial valuation of liabilities in respect of Incurred But Not Reported ('IBNR'), Incurred But Not Enough Reported ('IBNER') and Premium Deficiency Reserve ('PDR') is the responsibility of the Company's Appointed Actuary (the 'Appointed Actuary'). The actuarial valuation of these liabilities, that are estimated using statistical methods as at 31 December 2024 has been duly certified by the Appointed Actuary and in his opinion, the assumptions considered by him for such valuation are in accordance with the guidelines and norms issued by the IRDAI and the Institute of Actuaries of India in concurrence with IRDAI. The joint statutory auditors have relied upon the Appointed Actuary's certificate in this regard for forming their opinion on the valuation of liabilities for outstanding claims reserves and PDR contained in the group reporting pack of the Company.' Our conclusion is not modified in respect of this matter. I 0. The consolidated financial results of the Group and its associates for the year ended 31 March 2024 were", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 20, "section": "For and an behalf of he By\nrd of Directors \ng", "subsection": "ICICI Bank Limited \nICICI Bank Towers \nBandra Kurla Complex \nMumbai 400 051", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b7f7dcfe6215d1ed"}, {"chunk_id": "06b060e172196dfa", "content": "Our conclusion is not modified in respect of this matter. I 0. The consolidated financial results of the Group and its associates for the year ended 31 March 2024 were audited jointly by the predecessor auditors whose report dated 27 April 2024 had expressed an unmodified opinion. The Consolidated financial results of the group and its associates for the corresponding quarter ended 31 December 2023 and corresponding period from I April 2023 to 31 December 2023 were reviewed jointly by the predecessor auditors whose report dated 20 January 2024 had expressed an unmodified conclusion. Our conclusion on the Statement is not modified in respect of this matters. For B S R & Co. LLP Chartered Accountants F4 / , ;,tea lion no., I O I 248 W /W-100022 ntants on no.: 101961W/W100036 Ashwin Suvarna Partner Membership No.: I 09503 UDIN: 25109503BMOQAG813 I Partner Membership o.: IO 1684 UDIN: 2510 1684BMMLKS I 128 Place: Mumbai Date: 25 January 2025 Place: Mumbai Date: 25 January 2025 B S R & Co. LLP Chartered Accountants C N K & Associates LLP Chartered Accountants List of entities included in the statement. I. !CIC! Bank L imited 2. !CIC! Bank UK PLC 3. ICICI Bank Canada 4. !CIC! Securities Limited 5. ICICI Securities Holdings Inc. 6. ICICI Securities Inc. 7. ICICI Securities Primary Dealership Limited 8. ICICI Venture Funds Management Company Limited 9. ICICI Home Finance Company Limited I 0. !CIC! Trusteeship Services Limited 11 . !CIC! Investment Management Company Limited 12. ICICI International Limited", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 20, "section": "For and an behalf of he By\nrd of Directors \ng", "subsection": "ICICI Bank Limited \nICICI Bank Towers \nBandra Kurla Complex \nMumbai 400 051", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b7f7dcfe6215d1ed"}, {"chunk_id": "86b271df12ae8781", "content": "8. ICICI Venture Funds Management Company Limited 9. ICICI Home Finance Company Limited I 0. !CIC! Trusteeship Services Limited 11 . !CIC! Investment Management Company Limited 12. ICICI International Limited 13. ICICI Prudential Pension Funds Management Company Limited 14. ICICI Prudential Life Insurance Company Limited 15. ICICI Lombard General Insurance Company Limited 16. ICICI Prudential Asset Management Company L imited 17. ICICI Prudential Trust Limited 18. I-Process Services (India) Private Limited 19. ICICI Strategic Investments Fund 20. NIIT Institute of Finance Banking and Insurance Training Limited 21. ICICI Merchant Services Private Limited 22. India lnfradebt Limited 23. India Advantage Fund-Ill 24. India Advantage Fund-IV 25. Arteria Technologies Private Limited ICICI Bank Limited ICICI Bank Towers Bandra Kurla Complex Mumbai 400 051", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 20, "section": "For and an behalf of he By\nrd of Directors \ng", "subsection": "ICICI Bank Limited \nICICI Bank Towers \nBandra Kurla Complex \nMumbai 400 051", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b7f7dcfe6215d1ed"}, {"chunk_id": "f48bbb9bc50bf353", "content": "News Release January 25, 2025 Performance Review: Quarter ended December 31, 2024 • Profit before tax excluding treasury grew by 12.8% year-on-year to ₹ 15,289 crore (US$ 1.8 billion) in the quarter ended December 31, 2024 (Q3- 2025) • Core operating profit grew by 13.1% year-on-year to ₹ 16,516 crore (US$ 1.9 billion) in Q3-2025 • Excluding dividend income from subsidiaries, core operating profit grew by 14.7% year-on-year in Q3-2025 • Profit after tax grew by 14.8% year-on-year to ₹ 11,792 crore (US$ 1.4 billion) in Q3-2025 • Total period-end deposits grew by 14.1% year-on-year to ₹ 15,20,309 crore (US $ 177.6 billion) at December 31, 2024 • Average deposits grew by 13.7% year-on-year to ₹ 14,58,489 crore (US$ 170.3 billion) at December 31, 2024 • Average current account and savings account (CASA) ratio was 39.0% in Q3-2025 • Domestic loan portfolio grew by 15.1% year-on-year to ₹ 12,82,778 crore (US$ 149.8 billion) at December 31, 2024 • Net NPA ratio was 0.42% at December 31, 2024 compared to 0.42% at September 30, 2024 • Provisioning coverage ratio on non-performing loans was 78.2% at December 31, 2024 • Including profits for the nine months ended December 31, 2024 (9M-2025), total capital adequacy ratio was 16.60% and CET-1 ratio was 15.93% on a standalone basis at December 31, 2024 The Board of Directors of ICICI Bank Limited (NSE: ICICIBANK, BSE: 532174,", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 23, "section": "/CIC/Bank", "subsection": "ICICI Bank Limited \nICICI Bank Towers \nBandra Kurla Complex \nMumbai 400 051", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f8edd6039d70eb48"}, {"chunk_id": "c666fb4a08c9cef5", "content": "total capital adequacy ratio was 16.60% and CET-1 ratio was 15.93% on a standalone basis at December 31, 2024 The Board of Directors of ICICI Bank Limited (NSE: ICICIBANK, BSE: 532174, NYSE: IBN) at its meeting held at Mumbai today, approved the standalone and consolidated accounts of the Bank for the quarter ended December 31, 2024 (Q3- 2025). The statutory auditors have conducted a limited review and have issued an unmodified report on the standalone and consolidated financial statements for the quarter ended December 31, 2024. ICICI Bank Limited ICICI Bank Towers Bandra Kurla Complex Mumbai 400 051 Profit & loss account • Profit before tax excluding treasury grew by 12.8% year-on-year to ₹ 15,289 crore (US$ 1.8 billion) in Q3-2025 from ₹ 13,551 crore (US$ 1.6 billion) in the quarter ended December 31, 2023 (Q3-2024) • Core operating profit grew by 13.1% year-on-year to ₹ 16,516 crore (US$ 1.9 billion) in Q3-2025 from ₹ 14,601 crore (US$ 1.7 billion) in Q3-2024 • Excluding dividend income from subsidiaries, core operating profit grew by 14.7% year-on-year in Q3-2025 • Net interest income (NII) increased by 9.1% year-on-year to ₹ 20,371 crore (US$ 2.4 billion) in Q3-2025 from ₹ 18,678 crore (US$ 2.2 billion) in Q3-2024 • The net interest margin was 4.25% in Q3-2025 compared to 4.27% in Q2-2025 and 4.43% in Q3-2024 • Non-interest income, excluding treasury, increased by 12.1% year-on-year to", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 23, "section": "/CIC/Bank", "subsection": "ICICI Bank Limited \nICICI Bank Towers \nBandra Kurla Complex \nMumbai 400 051", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f8edd6039d70eb48"}, {"chunk_id": "6eb3f04248eaea37", "content": "• The net interest margin was 4.25% in Q3-2025 compared to 4.27% in Q2-2025 and 4.43% in Q3-2024 • Non-interest income, excluding treasury, increased by 12.1% year-on-year to ₹ 6,697 crore (US$ 782 million) in Q3-2025 from ₹ 5,975 crore (US$ 698 million) in Q3-2024 • Fee income grew by 16.3% year-on-year to ₹ 6,180 crore (US$ 722 million) in Q3-2025 from ₹ 5,313 crore (US$ 621 million) in Q3-2024. Fees from retail, rural and business banking customers constituted about 78% of total fees in Q3-2025 • Treasury gains were ₹ 371 crore (US$ 43 million) in Q3-2025 as compared to 123 crore (US$14 million) in Q3-2024 • Provisions (excluding provision for tax) were ₹ 1,227 crore (US$ 143 million) in Q3-2025 compared to ₹ 1,050 crore (US$ 123 million) in Q3-2024 and ₹ 1,233 crore (US$ 144 million) in Q2-2025 • Profit before tax grew by 14.5% year-on-year to ₹ 15,660 crore (US$ 1.8 billion) in Q3-2025 from ₹ 13,674 crore (US$ 1.6 billion) in Q3-2024 • Profit after tax grew by 14.8% year-on-year to ₹ 11,792 crore (US$ 1.4 billion) in Q3-2025 from ₹ 10,272 crore (US$ 1.2 billion) in Q3-2024 The net domestic advances grew by 15.1% year-on-year and 3.2% sequentially at December 31, 2024. The retail loan portfolio grew by 10.5% year-on-year and 1.4% sequentially, and comprised 52.4% of the total loan portfolio at December 31, 2024. Including non-fund outstanding, the retail portfolio was 43.9% of the total portfolio at December 31, 2024.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 23, "section": "/CIC/Bank", "subsection": "ICICI Bank Limited \nICICI Bank Towers \nBandra Kurla Complex \nMumbai 400 051", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f8edd6039d70eb48"}, {"chunk_id": "e1d29dce950fd3ef", "content": "1.4% sequentially, and comprised 52.4% of the total loan portfolio at December 31, 2024. Including non-fund outstanding, the retail portfolio was 43.9% of the total portfolio at December 31, 2024. The business banking portfolio grew by 31.9% year-on-year and 6.4% sequentially at December 31, 2024. The rural portfolio grew by 12.2% year-on-year and 0.9% sequentially at December 31, 2024. The domestic corporate portfolio grew by 13.2% year-on-year and 4.3% sequentially at December 31, 2024. Total advances increased by 13.9% year-on- year and 2.9% sequentially to ₹ 13,14,366 crore (US$ 153.5 billion) at December 31, 2024. ICICI Bank Limited ICICI Bank Towers Bandra Kurla Complex Mumbai 400 051 The Bank continued to enhance the use of technology in its operations to provide simplified solutions to customers. The Bank has introduced DigiEase, a digital platform designed to streamline the customer onboarding process for business banking. This enhances operational efficiency and customer experience by integrating multiple digital services into a single seamless workflow. iLens, the retail lending platform, is being upgraded on an ongoing basis, with retail credit cards now integrated in the platform along with mortgages, personal loans and education loans. The Bank will continue to make investments in the computing infrastructure and upgrade digital channels to further strengthen system resilience and simplify processes for enhancing customer experience.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 23, "section": "/CIC/Bank", "subsection": "ICICI Bank Limited \nICICI Bank Towers \nBandra Kurla Complex \nMumbai 400 051", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f8edd6039d70eb48"}, {"chunk_id": "626f67d078d7e05e", "content": "The Bank will continue to make investments in the computing infrastructure and upgrade digital channels to further strengthen system resilience and simplify processes for enhancing customer experience. Deposit growth Total period-end deposits increased by 14.1% year-on-year and 1.5% sequentially to ₹ 15,20,309 crore (US$ 177.6 billion) at December 31, 2024. Average deposits increased by 13.7% year-on-year and 2.1% sequentially to ₹ 14,58,489 crore (US$ 170.3 billion) in Q3-2025. Average current account deposits increased by 13.1% year-on-year and 4.5% sequentially in Q3-2025. Average savings account deposits increased by 12.3% year-on-year and 1.3% sequentially in Q3-2025. With the addition of 129 branches during Q3-2025, the Bank had a network of 6,742 branches and 16,277 ATMs & cash recycling machines at December 31, 2024. Asset quality The gross NPA ratio was 1.96% at December 31, 2024 compared to 1.97% at September 30, 2024. The net NPA ratio was 0.42% at December 31, 2024 compared to 0.42% at September 30, 2024. The gross NPA additions were ₹ 6,085 crore (US$ 711 million) in Q3-2025 compared to ₹ 5,916 (US$ 691 million) in Q1- 2025 and ₹ 5,073 crore (US$ 593 million) in Q2-2025. The Bank typically witnesses higher NPA additions from the kisan credit card portfolio in the first and third quarter of a fiscal year. Recoveries and upgrades of NPAs, excluding write- offs and sale, were ₹ 3,392 crore (US$ 396 million) in Q3-2025 compared to ₹", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 23, "section": "/CIC/Bank", "subsection": "ICICI Bank Limited \nICICI Bank Towers \nBandra Kurla Complex \nMumbai 400 051", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f8edd6039d70eb48"}, {"chunk_id": "80b5e28dc7033706", "content": "third quarter of a fiscal year. Recoveries and upgrades of NPAs, excluding write- offs and sale, were ₹ 3,392 crore (US$ 396 million) in Q3-2025 compared to ₹ 3,292 crore (US$ 384 million) in Q1-2025 and ₹ 3,319 crore (US$ 388 million) in Q2-2025. The net additions to gross NPAs, excluding write-offs and sale, were ₹ 2,693 crore (US$ 315 million) in Q3-2025 compared to ₹ 2,624 (US$ 306 million) in Q1-2025 and ₹ 1,754 crore (US$ 205 million) in Q2-2025. The Bank has written- off gross NPAs amounting to ₹ 2,011 crore (US$ 235 million) in Q3-2025. The provisioning coverage ratio on non-performing loans was 78.2% at December 31, 2024. ICICI Bank Limited ICICI Bank Towers Bandra Kurla Complex Mumbai 400 051", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 23, "section": "/CIC/Bank", "subsection": "ICICI Bank Limited \nICICI Bank Towers \nBandra Kurla Complex \nMumbai 400 051", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f8edd6039d70eb48"}, {"chunk_id": "b87954ff1fbec92a", "content": "Excluding NPAs, the total fund based outstanding to all borrowers under resolution as per the various extant regulations/guidelines declined to ₹ 2,107 crore (US$ 246 million) or 0.2% of total advances at December 31, 2024 from ₹ 2,546 crore (US$ 297 million) at September 30, 2024. The Bank holds provisions amounting to ₹ 691 crore (US$ 81 million) against these borrowers under resolution, as of December 31, 2024. In addition, the Bank continues to hold contingency provisions of ₹ 13,100 crore (US$ 1.5 billion) at December 31, 2024. The loan and non-fund based outstanding to performing corporate borrowers rated BB and below was ₹ 2,193 crore (US$ 256 million) at December 31, 2024 compared to ₹ 3,386 crore (US$ 395 million) at September 30, 2024. Capital adequacy Including profits for the nine months ended December 31, 2024 (9M-2025), the Bank’s total capital adequacy ratio at December 31, 2024 was 16.60% and CET- 1 ratio was 15.93% compared to the minimum regulatory requirements of 11.70% and 8.20% respectively. The consolidated profit after tax increased by 16.6% year-on-year to ₹ 12,883 crore (US$ 1.5 billion) in Q2-2025 from ₹ 11,053 crore (US$ 1.3 billion) in Q3-2024. Consolidated assets grew by 14.7% year-on-year to ₹ 25,31,488 crore (US$ 295.7 billion) at December 31, 2024 from ₹ 22,08,018 crore (US$ 257.9 billion) at December 31, 2023. Key subsidiaries", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 27, "section": "/CIC/Bank", "subsection": "ICICI Bank Limited \nICICI Bank Towers \nBandra Kurla Complex \nMumbai 400 051", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9dad18e60fcd1ca1"}, {"chunk_id": "e407c8dafccca723", "content": "Consolidated assets grew by 14.7% year-on-year to ₹ 25,31,488 crore (US$ 295.7 billion) at December 31, 2024 from ₹ 22,08,018 crore (US$ 257.9 billion) at December 31, 2023. Key subsidiaries The annualised premium equivalent of ICICI Prudential Life Insurance (ICICI Life) was ₹ 6,905 crore (US$ 806 million) in 9M-2025 compared to ₹ 5,430 crore (US$ 634 million) in 9M-2024. Value of New Business (VNB) of ICICI Life was ₹ 1,575 crore (US$ 184 million) in 9M-2025 compared to ₹ 1,451 crore (US$ 169 million) in 9M-2024. The VNB margin was 22.8% in 9M-2025 compared to 24.6% in FY2024 and 26.7% in 9M-2024. The profit after tax increased to ₹ 803 crore (US$ 94 million) in 9M-2025 compared to ₹ 679 crore (US$ 79 million) in 9M-2024 and ₹ 326 crore (US$ 38 million) in Q3-2025 compared to ₹ 227 crore (US$ 27 million) in Q3-2024. The Gross Direct Premium Income (GDPI) of ICICI Lombard General Insurance Company (ICICI General) was ₹ 6,214 crore (US$ 726 million) in Q3-2025 as compared to ₹ 6,230 crore (US$ 728 million) in Q3-2024. The combined ratio stood at 102.7% in Q3-2025 compared to 103.6% in Q3-2024. The profit after tax of ICICI General increased by 67.9% to ₹ 724 crore (US$ 85 million) in Q3-2025 from ₹ 431 crore (US$ 50 million) in Q3-2024. With effect from October 1, 2024, ICICI Bank Limited ICICI Bank Towers Bandra Kurla Complex Mumbai 400 051 long-term products are accounted on 1/n basis, as mandated by IRDAI, hence Q3", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 27, "section": "/CIC/Bank", "subsection": "ICICI Bank Limited \nICICI Bank Towers \nBandra Kurla Complex \nMumbai 400 051", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9dad18e60fcd1ca1"}, {"chunk_id": "01e46f8f6b6db27a", "content": "With effect from October 1, 2024, ICICI Bank Limited ICICI Bank Towers Bandra Kurla Complex Mumbai 400 051 long-term products are accounted on 1/n basis, as mandated by IRDAI, hence Q3 numbers are not fully comparable. The profit after tax of ICICI Prudential Asset Management Company, as per Ind AS, increased to ₹ 632 crore (US$ 74 million) in Q3-2025 from ₹ 546 crore (US$ 64 million) in Q3-2024. The profit after tax of ICICI Securities, on a consolidated basis, as per Ind AS, increased to ₹ 504 crore (US$ 59 million) in Q3-2025 from ₹ 466 crore (US$ 54 million) in Q3-2024. ICICI Bank Limited ICICI Bank Towers Bandra Kurla Complex Mumbai 400 051 Summary Profit and Loss Statement (as per standalone Indian GAAP accounts) ₹ crore FY2024 Q3-2024 9M-2024 Q2-2025 Q3-2025 9M-2025 Audited Unaudited Unaudited Unaudited Unaudited Unaudited Net interest income 74,306 18,678 55,213 20,048 20,371 59,972 Non-interest income 22,949 5,975 17,019 6,496 6,697 19,582 - Fee income 20,796 5,313 15,360 5,894 6,180 17,564 - Dividend income from subsidiaries 2,073 650 1,589 541 509 1,944 - Other income 80 12 70 61 8 74 Less: Operating expense 39,133 10,052 29,430 10,501 10,552 31,583 Core operating profit1 58,122 14,601 42,802 16,043 16,516 47,971 Total net provision 3,643 1,050 2,924 1,233 1,227 3,792 - Contingency provisions2 - - - - - - - Other provisions 3,643 1,050 2,924 1,233 1,227 3,792 Profit before tax excl. treasury 54,479 13,551 39,878 14,810 15,289 44,179 Treasury 93 123 290 680 371 1,664 Profit before tax 54,488 13,674 40,168 15,490 15,660 45,843 Less: Provision for taxes 13,600 3,402 9,987 3,744 3,868 11,246 Profit after tax 40,888 10,272 30,181 11,746 11,792 34,597 1.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 27, "section": "/CIC/Bank", "subsection": "ICICI Bank Limited \nICICI Bank Towers \nBandra Kurla Complex \nMumbai 400 051", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9dad18e60fcd1ca1"}, {"chunk_id": "0a76bfa6d78d37c6", "content": "treasury 54,479 13,551 39,878 14,810 15,289 44,179 Treasury 93 123 290 680 371 1,664 Profit before tax 54,488 13,674 40,168 15,490 15,660 45,843 Less: Provision for taxes 13,600 3,402 9,987 3,744 3,868 11,246 Profit after tax 40,888 10,272 30,181 11,746 11,792 34,597 1. Excluding treasury 2. The Bank continues to hold contingency provision of ₹ 13,100 crore (US$ 1.5 billion) at December 31, 2024 3. The treasury loss during Q4-2024 includes the impact of transfer of negative balance of ₹ 340 crore (US$ 40 million) in Foreign Currency Translation Reserve related to Bank’s Offshore Unit in Mumbai to profit and loss account in view of the proposed closure of the Unit 4. Prior period numbers have been re-arranged wherever necessary ICICI Bank Limited ICICI Bank Towers Bandra Kurla Complex Mumbai 400 051 Summary balance sheet ₹ crore 31-Dec-23 31-Mar-24 30-Sep-24 31-Dec-24 Unaudited Audited Unaudited Unaudited Capital and liabilities Capital 1,403 1,405 1,409 1,412 Employee stock options outstanding 1,243 1,405 1,651 1,802 Reserves and surplus 2,24,191 2,35,589 2,56,480 2,68,429 Deposits 13,32,315 14,12,825 14,97,761 15,20,309 Borrowings (includes subordinated debt) 1,26,871 1,24,968 1,24,493 1,27,731 Other liabilities and provisions 97,199 95,323 95,064 93,660 Total capital and liabilities 17,83,222 18,71,515 19,76,858 20,13,343 Assets Cash and balances with Reserve Bank of India 64,869 89,712 89,102 75,780 Balances with banks and money at call and short notice 34,459 50,214 47,697 67,635 Investments 4,36,650 4,61,942 4,79,098 4,71,978 Advances 11,53,771 11,84,406 12,77,240 13,14,366 Fixed assets 10,354 10,860 11,546 11,922 Other assets 83,119 74,381 72,175", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 27, "section": "/CIC/Bank", "subsection": "ICICI Bank Limited \nICICI Bank Towers \nBandra Kurla Complex \nMumbai 400 051", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9dad18e60fcd1ca1"}, {"chunk_id": "aa23c65ce99995c6", "content": "75,780 Balances with banks and money at call and short notice 34,459 50,214 47,697 67,635 Investments 4,36,650 4,61,942 4,79,098 4,71,978 Advances 11,53,771 11,84,406 12,77,240 13,14,366 Fixed assets 10,354 10,860 11,546 11,922 Other assets 83,119 74,381 72,175 71,662 Total assets 17,83,222 18,71,515 19,76,858 20,13,343 1. Prior period figures have been re-grouped/re-arranged wherever necessary ICICI Bank Limited ICICI Bank Towers Bandra Kurla Complex Mumbai 400 051", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 27, "section": "/CIC/Bank", "subsection": "ICICI Bank Limited \nICICI Bank Towers \nBandra Kurla Complex \nMumbai 400 051", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9dad18e60fcd1ca1"}, {"chunk_id": "6c949be8a5e824eb", "content": "Certain definitions in this release relating to a future period of time (including inter alia concerning our future business plans or growth prospects) are forward-looking statements intended to qualify for the 'safe harbor' under applicable securities laws including the US Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. These risks and uncertainties include, but are not limited to statutory and regulatory changes, international economic and business conditions, political or economic instability in the jurisdictions where the Bank has operations or which affect global or Indian economic conditions, increase in nonperforming loans, unanticipated changes in interest rates, foreign exchange rates, equity prices or other rates or prices, our growth and expansion in business, the adequacy of our allowance for credit losses, the actual growth in demand for banking products and services, investment income, cash flow projections, our exposure to market risks, changes in India’s sovereign rating, as well as other risks detailed in the reports filed by us with the United States Securities and Exchange Commission. Any forward-looking statements contained herein are based on assumptions that the Bank believes to be reasonable as of the date of this release.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 28, "section": "/CIC/Bank", "subsection": "ICICI Bank Limited \nICICI Bank Towers \nBandra Kurla Complex \nMumbai 400 051", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "76886b11c0c21366"}, {"chunk_id": "f0481ac1be9b6eea", "content": "States Securities and Exchange Commission. Any forward-looking statements contained herein are based on assumptions that the Bank believes to be reasonable as of the date of this release. ICICI Bank undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov This release does not constitute an offer of securities. For further press queries please email Sujit Ganguli / Kausik Datta at sujit.ganguli@icicibank.com / datta.kausik@icicibank.com or corporate.communications@icicibank.com For investor queries please email Abhinek Bhargava at abhinek.bhargava@icicibank.com or Nitesh Kalantri at nitesh.kalantri@icicibank.com or ir@icicibank.com. 1 crore = 10.0 million US$ amounts represent convenience translations at US$1= ₹ 85.62 Mr. Sandeep Batra (DIN: 03620913) Mr. Sandeep Batra is an Executive Director on the Board of ICICI Bank and is responsible for the Corporate Centre since July 2018. He is the Chairman of ICICI Prudential Life Insurance Company Limited, ICICI Prudential Asset Management Company Limited and ICICI Venture Funds Management Company Limited. He also serves on the Board of ICICI Lombard General Insurance Company Limited.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 28, "section": "/CIC/Bank", "subsection": "ICICI Bank Limited \nICICI Bank Towers \nBandra Kurla Complex \nMumbai 400 051", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "76886b11c0c21366"}, {"chunk_id": "d062e475ade9e2a3", "content": "Asset Management Company Limited and ICICI Venture Funds Management Company Limited. He also serves on the Board of ICICI Lombard General Insurance Company Limited. He has been with ICICI since 2000 and has worked in various areas across the group. He is a Chartered Accountant and Company Secretary by qualification. Mr. Batra is not related to any other director of the Bank. We affirm that Mr. Batra is not debarred from holding the office of Director by virtue of any order of Securities and Exchange Board of India or any other such authority. Mr. Rakesh Jha (DIN: 00042075) Mr. Rakesh Jha is an Executive Director on the Board of ICICI Bank. He is responsible for the Retail, Wholesale, Markets, Treasury, Transaction Banking, Digital Channels, Brand & Marketing functions of the Bank. He is the Chairperson of the Board of ICICI Lombard General Insurance Company Limited, ICICI Home Finance Company Limited and ICICI Securities Limited. He also serves on the Board of ICICI Venture Funds Management Company Limited. He has been with ICICI since 1996 and has worked in various areas. He was the Group Chief Financial Officer in his previous role. He has a management degree from the Indian Institute of Management, Lucknow and an engineering degree from the Indian Institute of Technology, Delhi. Mr. Jha is not related to any other director of the Bank. We affirm that Mr. Jha is not debarred", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 28, "section": "/CIC/Bank", "subsection": "ICICI Bank Limited \nICICI Bank Towers \nBandra Kurla Complex \nMumbai 400 051", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "76886b11c0c21366"}, {"chunk_id": "b97b3ded4b7de92a", "content": "engineering degree from the Indian Institute of Technology, Delhi. Mr. Jha is not related to any other director of the Bank. We affirm that Mr. Jha is not debarred from holding the office of Director by virtue of any order of Securities and Exchange Board of India or any other such authority. ICICI Bank Limited ICICI Bank Tower, Bandra-Kurla Complex, Mumbai – 400 051, India. Tel: (91) (22) 4008 8900 Email: companysecretary@icicibank.com Website: www.icicibank.com CIN: L65190GJ1994PLC021012 Regd. Office: ICICI Bank Tower, Near Chakli Circle, Old Padra Road, Vadodara 390 007, India.", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 28, "section": "/CIC/Bank", "subsection": "ICICI Bank Limited \nICICI Bank Towers \nBandra Kurla Complex \nMumbai 400 051", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "76886b11c0c21366"}, {"chunk_id": "20abfa1b8b7fc51b", "content": "[TABLE] Company: ICICI | Year: FY2022 | Section: Introduction | Page: 1\n\n| BSE L | imited |  |  | National Stock | Exch | ange of India Li | mited |  |\n|---|---|---|---|---|---|---|---|---|\n| Listin | g Departmen | t |  | Listing Departm | ent |  |  |  |\n| Phiro | ze Jeejeebhoy | Towers |  | Exchange Plaza | , 5th | floor |  |  |\n| Dalal | Street |  |  | Plot No. C/1, G B | lock |  |  |  |\n| Mum | bai 400 001 |  |  | Bandra-Kurla C | omp | lex |  |  |\n|  |  |  |  | Bandra (East) |  |  |  |  |\n|  |  |  |  | Mumbai 400 05 | 1 |  |  |  |\n| Dear | Sir/Madam, |  |  |  |  |  |  |  |\n| Sub.: | Outcome of | Board Me | eting | held on January | 25, | 2025 |  |  |\n| 1. | Approval of | unaudite | d fina | ncial results of | the | Bank for the | quarter a | nd nine |\n|  | months end | ed Decem | ber 31, | 2024 |  |  |  |  |\n|  | In terms of R | egulation 3 | 0, 33, 5 | 2(4) and other a | ppli | cable provisions | of the SEBI | (Listing |\n|  | Obligations | and Dis | closure | Requirements | ) R | egulations, 20 | 15 (SEBI | Listing |\n|  | Regulations), | we write | to infor | m you that the B | oar | d of Directors of | ICICI Bank | Limited |\n|  | (the Bank), a | t its meeti | ng held | today, inter ali | a, ap | proved unaudit | ed financial | results |\n|  | (standalone | and conso | lidated | ) for the quarter | and | nine months en | ded Decem | ber 31, |\n|  | 2024. We en | close here | with th | e following: |  |  |  |  |\n|  | o Unaudi | ted financ | ial resu | lts (standalone | and | consolidated) f | or the quar | ter and |\n|  | nine mo | nths ende | d Dece | mber 31, 2024; |  |  |  |  |\n|  | o Limited | review r | eports | on the unaudi | ted | financial results | (standalo | ne and |\n|  | consoli | dated) iss | ued by | B S R & Co. LLP | , Ch | artered Accoun | tants and | C N K & |\n|  | Associa | tes LLP, C | hartere | d Accountants, | the j | oint statutory a | uditors of th | e Bank |\n|  | for the | correspon | ding pe | riod; and |  |  |  |  |\n|  | o News R | elease on | unaud | ited financial re | sult | s for the quarte | r and nine | months |\n|  | ended | December | 31, 202 | 4. |  |  |  |  |\n| 2. | Re-appointm | ent of M | r. Sand | eep Batra (DIN | : 03 | 620913) as Exe | cutive Dire | ctor of |\n|  | the Bank: |  |  |  |  |  |  |  |\n|  | The Board o | f Director | s reco | rded that the | curre | nt tenure of M | r. Sandeep | Batra |\n|  | (DIN: 036209 | 13) Execu | tive Di | rector of the Ba | nk | was upto Decem | ber 22, 20 | 25. The |\n|  | Board unani | mously ap | proved | the re-appointm | ent | of Mr. Sandeep | Batra for a | further |\n|  | period of two | years wit | h effect | from December | 23, 2 | 025 to Decemb | er 22, 2027, | subject |\n|  | to approval o | f Reserve | Bank o | f India, sharehol | ders | , and such other | approvals | as may |\n|  | be required. |  |  |  |  |  |  |  |\n| ICICI Bank Limit | ed | Tel: (91) (22 | ) 4008 89 | 00 |  |  |  |  |\n| ICICI Bank Towe | r, | Email: comp | anysecre | tary@icicibank.com |  |  |  |  |\n| Bandra-Kurla Co | mplex, | Website: w | ww.icicib | ank.com |  | Regd. Office: ICICI B | ank Tower, N | ear Chak |\n| Mumbai – 400 0 | 51, India. | CIN: L65190 | GJ1994P | LC021012 |  | Old Padra Road, Va | dodara 390 0 | 07, India |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 1, "section": "Introduction", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "0a732108278a9353", "content": "[TABLE] Company: ICICI | Year: FY2022 | Section: Prachiti \nLalingkar | Page: 2\n\n|  | 3. | Re-appointm | ent of Mr. Rakesh | Jha (DIN: 00042075 | ) as Executive | Director of the |\n|---|---|---|---|---|---|---|\n|  |  | Bank |  |  |  |  |\n|  |  | The Board ap | proved the proposal | for seeking approva | l from Reserve | Bank of India for |\n|  |  | the re-appoin | tment of Mr. Rakesh | Jha (DIN: 00042075) | as the Executiv | e Director of the |\n|  |  | Bank from Se | ptember 2, 2025 to S | eptember 1, 2027. Th | e Board and sh | areholders have |\n|  |  | already appr | oved the appointme | nt of Mr. Jha as the | Executive Direc | tor of the Bank |\n|  |  | upto Septem | ber 1, 2027. |  |  |  |\n|  | All the | above prop | osed re-appointmen | ts are in line with | RBI Circular | RBI/2021-22/24 |\n|  | DOR.GO | V.REC.8/29.6 | 7.001/2021-22 date | d April 26, 2021. |  |  |\n|  | The oth | er details as | required pursuant to | Regulation 30 of th | e SEBI Listing R | egulations with |\n|  | regard t | o re-appoint | ment of Directors are | enclosed as Annexu | re. |  |\n|  | The Boa | rd meeting c | ommenced at 9:45 a. | m. and concluded at | 02:10 p.m. |  |\n|  | Please t | ake the abov | e information on reco | rd. |  |  |\n|  | Yours si | ncerely, |  |  |  |  |\n|  | For ICIC | I Bank Limit | ed |  |  |  |\n|  | Prachit | i Lalingkar |  |  |  |  |\n|  | Compa | ny Secretary |  |  |  |  |\n|  | Encl.: as | above. |  |  |  |  |\n|  | Copy to | - |  |  |  |  |\n|  | (i) | New York Sto | ck Exchange (NYSE) |  |  |  |\n|  | (ii) | Singapore Sto | ck Exchange |  |  |  |\n|  | (iii) J | apan Securiti | es Dealers Associati | on |  |  |\n|  | (iv) | SIX Swiss Exc | hange Ltd. |  |  |  |\n| ICICI B | ank Limit | ed | Tel: (91) (22) 4008 8900 |  |  |  |\n| ICICI B | ank Towe | r, | Email: companysecretary | @icicibank.com |  |  |\n| Bandra | -Kurla Co | mplex, | Website: www.icicibank. | com Reg | d. Office: ICICI Ban | k Tower, Near Chak |\n| Mumb | ai – 400 0 | 51, India. | CIN: L65190GJ1994PLC0 | 21012 Old | Padra Road, Vado | dara 390 007, India |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 2, "section": "Prachiti \nLalingkar", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "4be7ad59070ba2b1", "content": "[TABLE] Company: ICICI | Year: FY2022 | Section: Prachiti \nLalingkar > {I/CIC/Bank | Page: 3\n\n| Sr. no. | Particulars |  |  | Three month$ ended |  |  | Nine months ended |  | Year ended |\n|---|---|---|---|---|---|---|---|---|---|\n|  |  |  |  | December 31, 2024 (Q3-2025) | September 30,2024 (Q2-2025) | December 31, 2023 (Q3-2024) | December 31, 2024 (9M-2025) | December 31, 2023 (9M-2024) | March 31, 2024 (FY2024) |\n|  |  |  |  | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) |\n| l. | Interest earned lal+lbl+lcl+(dl |  |  | 41,299.82 | 40,537.38 | 36,694.58 | 120,832.98 | 104,942.58 | 142,890.94 |\n|  | al | Interest/discount on advances/bills |  | 32,048.40 | 31,426.45 | 28,557.51 | 93,583.39 | 81.520.53 | 110.943.93 |\n|  | bl | Income on investments |  | 8,302.14 | 8,311.33 | 7.210.67 | 24,770.05 | 20,848.98 | 28,630.99 |\n|  | c) | Interest on balances with Reserve Bank of India and other inter bank funds |  | 489.59 | 517.11 | 454.19 | 1.449.70 | 1,361.2.3 | 1,791.39 |\n|  | di | Others |  | 459.69 | 282.49 | 472.21 | 1,029.84 | 1.211.84 | 1,524.63 |\n| 2. | Ot\"., income1 |  |  | 7,068.05 | 7,176.66 | 6,097.06 | 21,246.63 | 17,308.99 | 22,957.77 |\n| 3. | TOTAL INCOME 11)+(2] |  |  | 48,367.87 | 47,714.04 | 42,791.64 | 142,079.61 | 122,251.57 | 165,848.71 |\n| 4. | Interest exoended |  |  | 20,929.21 | 20,489.40 | 18,016.03 | 60,861.48 | 49,729.66 | 68,585.22 |\n| 5. | Ooeratina exaenses lel+tfl |  |  | 10,552.11 | 10,501.46 | 10,051.99 | 31,583.56 | 29,429.90 | 39,132.73 |\n|  | el Emclavee cast |  |  | 3,929.05 | 4,136.14 | 3,812.67 | 12,435.70 | 11.421.75 | 15,141.99 |\n|  | n Other oceratinCJ expenses |  |  | 6,623.06 | 6,365.32 | 6,239.32 | 19,147.86 | 18,008.15 | 23,990.74 |\n| 6. | TOTAL EXPENDITURE EXCLUDING PROVISIONS AND CONTINGENCIES (4)+(51 |  |  | 31,481.32 | 30,990.86 | 28,068.02 | 92,445.04 | 79,159.56 | 107,717.95 |\n| 7. | OPERATING PROFIT BEFORE PROVISIONS AND CONTINGENCIES 131-161 |  |  | 16,886.SS | 16,723,1B | 14,723.62 | 49,634.57 | 43,092.01 | 58,130.76 |\n| 8. | Provisions (other than taxi and continaencies |  |  | 1,226.65 | 1.233.09 | 1,049.37 | 3,791.92 | 2,924.44 | 3,642.93 |\n| 9. | PROFIT FROM ORDINARY ACTIVITIES BEFORE EXCEPTIONAL ITEMS AND TAX (71-[BI |  |  | 15,659.90 | 15,490.09 | 13,674.25 | 45,842.65 | 40,167.57 | 54,487.83 |\n| 10. | Exceptional items |  |  |  | .. | .. .. |  | .. .. |  |\n| 11. | PROFIT FROM ORDINARY ACTIVITIES BEFORE TAX 191-llOI |  |  | 15,659.90 | 15,490.09 | 13,674.25 | 45,842.65 | 40,167.57 | 54,487.83 |\n| 12. | Tax expense (gl+(hl |  |  | 3.B67.4B | 3,744.21 | 3,402.71 | 11.245.24 | 9.986.83 | 13,599.56 |\n|  | g] Current tax |  |  | 3,902.77 | 3,306.43 | 3,366.19 | 10,535.76 | 9,750.08 | 12,050.65 |\n|  | hi Deferred tax |  |  | 135.29 | ) 437.78 | 36.52 | 709.4B | 236.75 | l,54C.91 |\n| 13. | NET PROFIT FROM ORDINARY ACTIVITIES AFTER TAX (11)-(12) |  |  | 11,792.42 | 11.745.88 | 10,271.54 | 34.597.41 | 30.180.74 | 40,888.27 |\n| 14. | Extraordinorv items !net of tax exoensel |  |  |  | .. | .. .. |  | .. .. |  |\n| 15. | NET PROFIT FOR THE PERIOD 1131-1141 |  |  | 11,792.42 | 11 745.88 | 10,271.54 | 34,597.41 | 30,1.80.74 | 40,888.27 |\n| 16. | Poid-uo eauitv shore cocitol lfacc value~ 2 each) |  |  | 1,412.11 | 1.409.45 | 1,403.18 | 1.412.11 | 1,403.18 | 1,404.68 |\n| 17. | Reserves excluding revo luotion reserves |  |  |  |  |  |  |  | 232,505.97 |\n| 18. | Analytical ratios |  |  |  |  |  |  |  |  |\n|  | n | Percentoae of shores held bv Government of Indio |  | 0.22 | % 0.22 | % 0.22% | 0.22 | % 0.22% | 0.22 |\n|  | ii] | Capitol adequacy ratio (Basel 1111 |  | 14.71 | % 15.35 | % 14.61% | 14.71 | % 14.61% | 16.33 |\n|  | iii) | Earninos oer share IEPSI |  |  |  |  |  |  |  |\n|  |  | a) | Basic EPS before and after extroordinory ilcms, net of tax expense (not annualised) (In '{J | 16.7 | 2 16.68 | 14.65 | 49.1 | 3 43.12 | 58.3 |\n|  |  | bl | Diluted EPS before and ofter extraordinary iterns, net of tax expense (not annualised) (in 'f) | 16.4 | 5 16.4 | 0 14.40 | 48.3 | 0 42.34 | 57.3 |\n| 19. | NPA Rotio2 |  |  |  |  |  |  |  |  |\n|  | il | Gross non-cerforming customer assets (net of write-off) |  | 27,745.3 | 3 27,121.1 | 5 2B.774.63 | 27.745.33 | 28.774.63 | 27.961.68 |\n|  | iii | Net nan-oerformina customer assets |  | 5.B97.7 | 6 5.685.1 | 4 5.378.4B | 5.897.7 | 6 5,378.48 | 5,377.79 |\n|  | iiil | % of gross non-performing customer assets lnct o write-off) to gross customer assets |  | 1.96% 1.97% 2.30% |  |  | 1.96% 2.30% |  | 2.16 |\n|  | iv) | % of net non-performing customer assets to net customer |  | 0.42% 0.42% 0.44% |  |  | 0.42% 0.44% |  | 0.42 |\n| 20. | Return on assets (annualised) |  |  | 2.36% 2.40% 2.32% |  |  | 2.38% 2.38% |  | 2.37 |\n| 21. | Net worth' |  |  | 262,305.12 250,418.12 215,432.30 |  |  | 262,305.12 215,432.30 |  | 227,933.4 |\n| 22. | Outstondina redeemable preference shares |  |  | .. .. .. |  |  | .. .. |  |  |\n| 23. Capitol redemption reserve |  |  |  | 350.00 350.00 350.00 |  |  | 350.00 350.00 |  | 350.0 |\n| 24. Debt-equity ratio• |  |  |  | 0.25 0.27 0.32 |  |  | 0.25 0.32 |  | 0.3 |\n| 25. Total debts to total assets• |  |  |  | 6.34% 6.30% 7.11% |  |  | 6.34% 7.11% |  | 6.68 |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 3, "section": "Prachiti \nLalingkar", "subsection": "{I/CIC/Bank", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "0b12ffa5c3df7021", "content": "[TABLE] Company: ICICI | Year: FY2022 | Section: Prachiti \nLalingkar > {I/CIC/Bank | Page: 4\n\n| Particulars | At |  |  |  |\n|---|---|---|---|---|\n|  | December 31, 2024 | September 30,2024 | March 31,2024 | December 31, 2023 |\n|  | (Unaudited) | (Unaudited) | (Audited) | (Unaudited) |\n| Capital and Liabilities |  |  |  |  |\n| Capital | 1,412.11 | 1,409.45 | 1,404.68 | 1,403.18 |\n| Emplayees stack aptions/units outstanding | 1,801.66 | 1,650.74 | 1,405.32 | 1,242.55 |\n| Reserves and surplus | 268,429.17 | 256,479.80 | 235,589.32 | 224,190.83 |\n| Deposits | 1,520,308.75 | 1,497,760.67 | 1,412,824.95 | 1,332,314.54 |\n| Borrowinas !includes subordinated dcbtl | 127,731.77 | 124,492.93 | 124,967.58 | 126,871.26 |\n| Other liabilities and provisions | 93,659.67 | 95,064.64 | 95,322.73 | 97,199.72 |\n| Total Capital and Liabilities | 2,013,343.13 | 1,976,858.23 | 1,871,514.58 | 1,783,222.08 |\n| Assets |  |  |  |  |\n| Cosh and balances with Reserve Bank of India | 75,780.32 | 89,101.67 | 89,711.70 | 64,869.20 |\n| Balances with banks and money at coll and short notice | 67.635.18 | 47.696.98 | 50,214.31 | 34.458.91 |\n| Investments | 471,978.34 | 479,098.46 | 461,942.27 | 436,649.75 |\n| Advances | 1,314,366.05 | 1.277,240.43 | 1,184,406.39 | 1,153,771.02 |\n| Fixed assets | 11,921.03 | 11,545.62 | 10.859.84 | 10,353.96 |\n| Other assets | 71,662.21 | 72,175.07 | 74,380.07 | 83,119.24 |\n| Total Assets | 2,013,343.13 | 1,976,858.23 | 1,871,514.58 | 1,783,222.08 |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 4, "section": "Prachiti \nLalingkar", "subsection": "{I/CIC/Bank", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d062ae08b3214b41", "content": "[TABLE] Company: ICICI | Year: FY2022 | Section: ~J /!1/; | Page: 5\n\n| Particulars | Loans acquired | Loans sold |\n|---|---|---|\n| Amount of loan | 7.419.59 | .. |\n| Weiqhted overaqe residual maturity (in years) | 9.05 | \" |\n| Weiqhted averaqe holdinq period of the oriqinotor (in years) | 1.06 | .. |\n| Retention of beneficial economic interest by the originator | 2,362.11 | .. |\n| Tanaible security coveraae (times) | 1.61 | .. |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 5, "section": "~J /!1/;", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "50953cba3f06496b", "content": "[TABLE] Company: ICICI | Year: FY2022 | Section: ~J /!1/; | Page: 5\n\n| Rating | Loans acauired | Loans sold |\n|---|---|---|\n| Ind A-. A+, AA+,AA | 546.97 | \" |\n| ICRAA.AA-.A+ | 172.54 | \" |\n| Crisil A.A+,AA | 45.25 | .. |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 5, "section": "~J /!1/;", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "9bec7fa72ef0e3f3", "content": "[TABLE] Company: ICICI | Year: FY2022 | Section: ~J /!1/; | Page: 5\n\n| Particulars | ToARCs | To permitted transferees |\n|---|---|---|\n| Number of accounts | 24 | .. |\n| Aoareaate arincioal outstandina of loans tronsferred2 | 1B8.11 | \" |\n| Weiahted averaae residual tenor of the loons transferred3 | .. | \" |\n| Net book value of loons transferred lat the time of tronsferl4 | \" | \" |\n| Aqqreqate consideration | 166.53 | \" |\n| Additional consideration realized in respect of accounts transferred in earlier years | \" | .. |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 5, "section": "~J /!1/;", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ba256c1576b85557", "content": "[TABLE] Company: ICICI | Year: FY2022 | Section: ~J /!1/; | Page: 5\n\n| Rating | NAY estimate 'lo | Carrying value |\n|---|---|---|\n| RRl | Above 100% | 269.95 |\n| RR2 | Above 75% upto 100% | \" |\n| RR3 | Above 50% upto 75% | 234.18 |\n| RR4 | Above 25% upto SO% | .. |\n| RR5 | Upto 25% | 653.38 |\n| Total |  | 1,157.51 |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 5, "section": "~J /!1/;", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "cee7c4b528c39d2f", "content": "[TABLE] Company: ICICI | Year: FY2022 | Section: ~J /!1/; | Page: 7\n\n| Sr. no. | Porticulars | Three months ended |  |  | Nine months ended |  | Year ended |\n|---|---|---|---|---|---|---|---|\n|  |  | December 31, 2024 (Q3-2025) | September 30,2024 (Q2-2025) | December 31, 2023 (Ql-2024) | December 31, 2024 (9\"4-2025) | December 31, 2023 (9\"4-2024) | March 31, 2024 (FY2024) |\n|  |  | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) |\n| 1. | Seqment revenue |  |  |  |  |  |  |\n| 0 | Retail Banking | 39,437.70 | 38,750.86 | 34,000.52 | 115,567.02 | 98,137.75 | 134.547.57 |\n| b | Wholesale Banking | 21,119.32 | 20,388.83 | 19.454 B1 | 60,900.30 | 52.907.71 | 71,780.22 |\n| C | Treasury | 34,047.54 | 33,579.54 | 29.473,80 | 100,274.44 | 83.637.99 | 113,959.22 |\n| d | Other Bankinq | 1,395.25 | 1,254.38 | 949.56 | 3,339.89 | 2,521.71 | 3,297.30 |\n|  | Total segment revenue | 95,999.81 | 93,973.61 | 83,878.69 | 280,081.65 | 237,205.16 | 323,ss,.31 |\n|  | Less: Inter segment revenue | 47,631.94 | 46.259.57 | 41,087.05 | 138,002.04 | 114,953.59 | 157,735.60 |\n|  | Income from operations | ,e,367.87 | 47,714.04 | 42,791.64 | 142,079.61 | 122,251.57 | 165,848.71 |\n| 2. | Segmental results (i.e. Profit before tax) |  |  |  |  |  |  |\n| a | Retail Banking | 5,332.36 | 5,556.19 | 4,288.46 | 15,127.62 | 13,363.06 | 18,849.17 |\n| b | Wholesale Bonking | 5,903.24 | 5.197.53 | 5,746.05 | 16,012.84 | 14.495.75 | 19,971.71 |\n| C | Treasurv | 4,218.14 | 4,603.39 | 3,327.70 | 14,295.11 | 11,656.75 | 14,898.40 |\n| d | Other Banking | 206.16 | 132.9B | 312.04 | 407.0B | 652.01 | 768.55 |\n|  | Total segment results | 15,659.90 | 15,,90.09 | 13,67,.25 | ,5,8'2.65 | ,o,1s1.s1 | 5,,,s7.83 |\n| 3. | Seqment assets |  |  |  |  |  |  |\n| Q | Retail Banking | 776,300.69 | 778,247.73 | 690,053.22 | 776.300.69 | 690,053.22 | 719,313.62 |\n| b | Wholesale Bonkinq | 539,703.97 | 502,717.35 | 476.924.80 | 539,703.97 | 476,924.80 | 482.456.10 |\n| C | Treasury | 642,457.98 | 644,803.85 | 575,869.22 | 642,457.98 | 575,869.22 | 628,256.14 |\n| d | Other Banking | 49.906.72 | 46.368.30 | 33,024.20 | 49.906.72 | 33,024.20 | 34,891.44 |\n| e | Unallocated | 4,973.77 | 4,721.00 | 7,350.64 | 4,973.77 | 7,350.64 | 6,597.28 |\n|  | Total segment assets | 2,013,343,13 | 1,976,858.23 | 1,783,222.08 | 2,013,3,3.13 | 1,783,222.08 | 1,871,51'.58 |\n| 4. | Segment liabilities |  |  |  |  |  |  |\n| Q | Retail Banking | 1,075,549.50 | 1,063,337.34 | 977,391.31 | 1,075,549.50 | 977,391.31 | 1,019,845.49 |\n| b | Wholesale Banking | 503,046.84 | 494,981.27 | 419,641.39 | 503.046.84 | 419,641.39 | 456,571.53 |\n| C | Treosurv | 142,951.22 | 138,508.93 | 140,077.86 | 142,951.22 | 140,077.86 | 137,386.24 |\n| d | Other Banking | 7.052.63 | 7,390.70 | 6,174.96 | 7,052.63 | 6.174.96 | 6.212.00 |\n| e | Unallocated | 13,100.00 | 13,100.00 | 13,100.00 | 13,100.00 | 13,100.00 | 13,100.00 |\n|  | Total segment liabilities | 1,741,700.19 | 1,717,318.24 1,556,385.52 |  | 1,741,700.19 | 1,556,385.52 | 1,633,115.26 |\n| 5. | Capital emploved | 271,642.9' | 259,539.99 226,836.56 |  | 271,642.94 | 226,836.56 | 238,399.32 |\n| 6. | Total 14)+(5) | 2,013,343.13 | 1,976,858.23 1,783,222.08 |  | 2,013,343.13 | 1,783,222.08 | 1,871,51'.58 |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 7, "section": "~J /!1/;", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "5b2109179561a9eb", "content": "[TABLE] Company: ICICI | Year: FY2022 | Section: ~J /!1/; | Page: 8\n\n| Sr, Particulars no. |  | Segment revenue | Segment results | Segment assets | Segment liabilities |\n|---|---|---|---|---|---|\n| Q3-2025 |  |  |  |  |  |\n|  | Retail Banking | 39,437.70 | 5,332.36 | 776,300.69 | 1,075,549.50 |\n| {i) | Dioital Bankina | 10,193.87 | 1,209.75 | 137,597.09 | 203.487.78 |\n| {ii) | Other Retail Bankinq | 29,243.83 | 4,122.61 | 638,703.60 | 872,061.72 |\n| Q2-2025 |  |  |  |  |  |\n|  | Retail Bankinq | 38,750.86 | 5,556.19 | 778,247.73 | 1.063,337.34 |\n| (i) | Diqital Banking | 10,051.48 | 1.492.86 | 140,009.42 | 201.963.08 |\n| (ii) | Other Retail Banking | 28,6g9.38 | 4,063.33 | 638,238.31 | 861,374.26 |\n| Q3-2024 |  |  |  |  |  |\n|  | Retail Bankinq | 34,000.52 | 4,288.46 | 690,053.22 | 977,391.31 |\n| (ii | Diaital Bankinq | 8,308.75 | 1,031.74 | 111,841.19 | 174,210.51 |\n| (ii) | Other Retail Banking | 25,691.77 | 3,256.72 | 578.212.03 | 803,180.80 |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 8, "section": "~J /!1/;", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "21ed91152969a745", "content": "[TABLE] Company: ICICI | Year: FY2022 | Section: fl IC/Cl Bank | Page: 9\n\n| Sr. no. | Particulars |  | Three months ended |  |  | Nine months ended |  | Year ended |\n|---|---|---|---|---|---|---|---|---|\n|  |  |  | December 31.2024 (Q3-2025) | September 30,2024 (Q2-2025) | December 31.2023 (Ql-2024) | December 31,2024 19M-20251 | December 31, 2023 '9M-2021.l | March 31, 2024 (FY2024l |\n|  |  |  | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) |\n| 1. | Interest earned (a)+(b)+{c)+ldl |  | 47,037.12 | 46,325.78 | 40,865.23 | 137,944.55 | 116,909.20 | 159,515.92 |\n|  | a) | Interest/discount on advances/bills | 33,799.92 | 33,140.75 | 30,030.69 | 98,696.26 | 85,619.44 | 116,589.78 |\n|  | bl | Income an investments | 11,778.83 | 11,929.93 | 9,523.04 | 35,374.45 | 27,634.05 | 38,107.07 |\n|  | c) | Interest on bolances with Reserve Bank of India and other inter- bank funds | 822.27 | 836.46 | 680.86 | 2,376.47 | 1,962.63 | 2,649.88 |\n|  | di | Others | 636.10 | 418.64 | 630.64 | 1.497.37 | 1,693.08 | 2,169.19 |\n| 2. | Other income le)+(O |  | 27,589.44 | 26,616.77 | 18,614.53 | 76,894.62 | 51,946.82 | 76,521.80 |\n|  | el Premium and other operatina income from insurance business |  | 18,181.62 | 16,779.41 | 10,587.45 | 48,528.09 | 28.963.65 | 45,852.81 |\n|  | 0 Others |  | 9,407.82 | 9,837.36 | 8,027.08 | 28,366.53 | 22,983.17 | 30,668.99 |\n| 3. | TOTAL INCOME 111+121 |  | 74,626.56 | 72,942.55 | 59,479.76 | 214,839.17 | 168,856.02 | 236,037.72 |\n| 4. | Interest expended |  | 22,633.41 | 22,225.30 | 19,408.76 | 65,980.33 | 53,684.43 | 74,108.16 |\n| 5. | Ooeratina exoenses (al+lhl+(il |  | 32.242.27 | 30,838.91 | 23,908.69 | 91,152.34 | 67,876.37 | 97,782.79 |\n|  | al | Employee cost | 5,673.89 | 5,993.19 | 4,749.19 | 17,832.93 | 14.222.75 | 19,171.98 |\n|  | h) | Claims and benefits paid and other expenses pertaining to insurance business | 18,884.48 | 17,341.60 | 11,931.49 | 50,872.75 | 32.326.33 | 50,260.12 |\n|  | i) | Other operating expenses | 7,683.90 | 7,504.12 | 7,228.01 | 22.446.66 | 21,327.29 | 28,350.69 |\n| 6. | TOTAL EXPENDITURE EXCLUDING PROVISIONS ANO CONTINGENCIES (4)+(5) |  | 54,875.68 | 53,064.21 | 43,317.45 | 157,132.67 | 121,560.80 | 171,890.95 |\n| 7. | OPERATING PROFIT BEFORE PROVISIONS AND CONTINGENCIES 131-161 |  | 19,750.88 | 19,878.34 | 16,162.31 | 57,706.50 | 47,295.22 | 64,146.77 |\n| 8. | Provisions (other than tax) and cantinaencies |  | 1,267.86 | 1,381.88 | 1,020.45 | 3,965.63 | 3,014.50 | 3,712.41 |\n| 9. | PROFIT FROM ORDINARY ACTIVITIES BEFORE EXCEPTIONAL ITEMS AND TAX 171-181 |  | 18.483.02 | 18.496.46 | 15.141.86 | 53,740.87 | 44,280.72 | 60.434.36 |\n| 10. | Exceptional items |  | .. | .. | .. | .. | .. | .. |\n| 11. | Add: Share of crofit in associates |  | 18.28 | 45.19 | 259.96 | 120.34 | 846.45 | 1,073.77 |\n| 12. | PROFIT FROM ORDINARY ACTIVITIES BEFORE TAX AND MINORITY INTEREST 191-llOl+llll |  | 18,501.30 | 18,541.65 | 15.401.B2 | 53,861.21 | 45,127.17 | 61,508.13 |\n| 13. | Tax expense (i)+lkl |  | 4,654.41 | 4,635.66 | 3,886.67 | 13,645.52 | 11,246.71 | 15,427.62 |\n|  | ii Current tax |  | 4,797.23 | 4,214.41 | 3,810.46 | 13,106.38 | 10,956.53 | 13,693.30 |\n|  | k) Deferred tax |  | (142.B2) | 421.25 | 76.21 | 539.14 | 290.18 | 1,734.32 |\n| 14. | Less: Share of Profit/llossl of minoritv shareholders |  | 963.52 | 95B.22 | 462.55 | 2,688.71 | 1,295.61 | 1,824.14 |\n| 15. | NET PROFIT FROM ORDINARY ACTIVITIES AFTER TAX |  | 12,883.37 | 12,947.77 | 11,052.60 | 37,526.98 | 32,584.85 | 44,256.37 |\n| 16. | Extraordinary items (net of tax expense) |  | .. | .. | .. | .. | .. | .. |\n| 17. | NET PROFIT FOR THE PERIOD (15)·(16) |  | 12,883.37 | 12,947.77 | 11,052.60 | 37,526.98 | 32,584.85 | 44,256.37 |\n| 1B. | Paid-up eouitv share capital !face value 'f 2/-eachl |  | 1.412.11 | 1.409.45 | 1.403.1B | 1,412.11 | 1,403.18 | 1,404.68 |\n| 19. | Reserves excludinq revaluation reserves |  |  |  |  |  |  | 250,222.56 |\n| 20. | Earninas per share IEPSl |  |  |  |  | . |  |  |\n|  | Basic EPS before and after extraordinary items, net of tax expense lnot annualised! fin 'f\\ 1 |  | 18.26 | 18.39 | 15.77 | 53.29 | 46.55 | 63.19 |\n|  | Diluted EPS before and after extraordinary items, net of tax expense I lnat annualised) lin 'fl |  | 17.95 | 18.05 | 15.47 | 52.31 | 45.65 | 61.96 |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 9, "section": "fl IC/Cl Bank", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d8aa3c12471f3de3", "content": "[TABLE] Company: ICICI | Year: FY2022 | Section: fl IC/Cl Bank | Page: 10\n\n| Particulars | At |  |  |  |\n|---|---|---|---|---|\n|  | December 31, 2024 | September 30,2024 | March 31, 2024 | December 31,2023 |\n|  | (Unaudited) | (Unaudited) | (Audited) | (Unaudited) |\n| Capital and LiabilitiH |  |  |  |  |\n| Capitol | 1,412.ll | 1,409.45 | 1,404.68 | 1,403.18 |\n| Employees stock options/units outstanding | 1.801.66 | 1,650.74 | 1,405.32 | 1,242.55 |\n| Reserves ond surplus | 289,472.72 | 277,026.44 | 253,333.84 | 241.184.80 |\n| Minority interest | 15,642.90 | 15,586.37 | 13.888.42 | 7,431.64 |\n| Deposits | 1,551.165,62 | 1.529,513.61 | 1,443,579.95 | 1,366,842.09 |\n| Borrowings (includes subordinated debt) | 217.007.20 | 219,760.55 | 207,428.00 | 200,966.94 |\n| Policyholders' funds | 294,558.26 | 306,679.41 | 281.318.33 | 273,564.40 |\n| Other liabilities and provisions | 160,427.09 | 164,884.99 | 161,704.49 | 115,382.83 |\n| Total Capital and Liabilities | 2,531,487.56 | 2,516,511.56 | 2 364,063.03 | 2,208,018.43 |\n| Assets |  |  |  |  |\n| Cash and bolonces with Reserve Bonk of India | 75,931.64 | 89,198.99 | 89,943.02 | 64,935.13 |\n| Balances with banks and money at call and short notice | 96,580.68 | 75,185,64 | 72.825.88 | 56,514.16 |\n| Investments | 849,417.41 | 874,760.49 | 827,162.51 | 754,864.94 |\n| Advances | 1,397,265.27 | 1,360,046.48 | 1,260,776.20 | 1,229,198.02 |\n| Fixed assets | 14,692.82 | 14,254.27 | 13,240.28 | 11,913.77 |\n| Other assets | 94,689.56 | 100,155.51 | 97,640.98 | 90,491.08 |\n| Goodwill on consolidation | 2,910.18 | 2,910.18 | 2.474.16 | 101.33 |\n| Total Assets | 2,531,487.56 | 2,516,511.56 | 2,364,063.03 | 2,208,018.43 |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 10, "section": "fl IC/Cl Bank", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "c3f1a567f8dfed02", "content": "[TABLE] Company: ICICI | Year: FY2022 | Section: fl IC/Cl Bank | Page: 12\n\n| Sr. no. | Particulars | Three months ended |  |  | Nme months ended |  | Year ended |\n|---|---|---|---|---|---|---|---|\n|  |  | uecemaer 31, 2024 (Q3-2025) | :,eptemaer 30,2024 (Q2-2025) | December 31, 2023 (Q3-2024) | December 31, 2024 (9M-2025) | December 31, 2023 (9M-2024) | March 31, 2024 (FY2024) |\n|  |  | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | !Unaudited) | (Audited! |\n| 1. | Seament revenue |  |  |  |  |  |  |\n| a | Retail Bankina | 39 437.70 | 38 750.86 | 34 000.52 | 115.567.02 | 98,137.75 | 134.547.57 |\n| b | Wholesale Bonkinq | 21,119.32 | 20,388.83 | 19,454.81 | 60,900,30 | 52,907.71 | 71,780.22 |\n| C | Treasury | 34,051.79 | 33,563.89 | 29,356.10 | 100,267.22 | 83,380.45 | 113,701.83 |\n| d | Other Bankinq | 2,171.80 | 2,075.55 | 1.747.71 | 5,744.77 | 4,811.91 | 6.403.40 |\n| e | Life Insurance | 15,550.99 | 13,888.43 | 13,150.14 | 40,775.10 | 36,500.97 | 54,236.13 |\n| f | General Insurance | 6.462.35 | 6,546.95 | .. | 19.184.87 | .. | 1,895.81 |\n| a | Others | 4,559.87 | 5,184.30 | 3,607.65 | 14,180.56 | 10.024.60 | 14,036.87 |\n|  | Total seament revenue | 123 353.82 | 120,398.81 | 101316.93 | 356 619.84 | 285,763.39 | 396,601.83 |\n|  | Less: Inter seqmcnt revenue | 48 727.26 | 47 456.26 | 41837.17 | 141,780.67 | 116,907.37 | 160,564.11 |\n|  | Income from occrations | 74 626.56 | 72 942.55 | 59 479.76 | 214 839.17 | 168 856.02 | 236 037.72 |\n| 2. | Seamental results (i.e. Profit before tax and minority interest) |  |  |  |  |  |  |\n| a | Retail Bankinq | 5,332.36 | 5,556.19 | 4,288.46 | 15 127.62 | 13,363.06 | 18.849.17 |\n| b | Wholesale Banking | 5,903.24 | 5,197.53 | 5,746.05 | 16,012.84 | 14.495.75 | 19,971.71 |\n| C | Treasury | 4.222.35 | 4,587.70 | 3,209.97 | 14,287.78 | 11,399.12 | 14,640.88 |\n| d | Other Bankina | 421.68 | 306.75 | 521.95 | 1,042.56 | 1,277.26 | 1,638.40 |\n| e | Life Insurance | 375.72 | 286.36 | 232.10 | 922.31 | 688.89 | 923.23 |\n| f | General Insurance | 960.09 | 919.03 | .. | 2.653.11 | .. | 220.47 |\n| g | Others | 1,791.61 | 2.164.03 | 1.674.77 | 5.638.75 | 4,386.80 | 6,009.70 |\n|  | Total aeament results | 19 007.05 | 19 017.59 | 15 673.30 | 55 684.97 | 45 610.88 | 62 253.56 |\n|  | Less: Inter seamen! adiustment | 524.03 | 521.13 | 531.44 | 1,944.10 | 1,330.16 | 1,819.20 |\n|  | Add: Share of profit in associates | 18.28 | 45.19 | 259.96 | 120.34 | 846.45 | 1,073.77 |\n|  | Profit before tax and minority interest | 18,501.30 | 18,541.65 | 15 401,82 | 53,861.21 | 45,127.17 | 61508,13 |\n| 3. | Segment assets |  |  |  |  |  |  |\n| a | Retail Bankina | 776,300.69 | 778,247.73 | 690,053.22 | 776,300.69 | 690,053.22 | 719,313.62 |\n| b | Wholesale Banking | 539,703.97 | 502,717.35 | 476,924.80 | 539,703.97 | 476,924.80 | 482,456.10 |\n| C | Treasury | 643,464.46 | 645,790.96 | 581,439.71 | 643,464.46 | 581,439.71 | 634,054.80 |\n| d | Other Bankina | 101,630.96 | 99,697.42 | 90,976.81 | 101,630.96 | 90,976.81 | 89,305.62 |\n| e | Life Insurance | 313,562.01 | 326,637.20 | 290,291.18 | 313,562.01 | 290,291.18 | 298.795.29 |\n| f | General Insurance | 67,543.65 | 67,534.00 | .. | 67,543.65 | .. | 62,831.70 |\n| q | Others | 96,324.74 | 103,293.30 | 81,565.42 | 96.324.74 | 81.565.42 | 87.996.61 |\n| h | Unallocated | 5,850.67 | 5,373.78 | 7,891.62 | 5,850.67 | 7,891.62 | 7,571.17 |\n|  | Total | 2,544 381.15 | 2,529,291.74 | 2,219,142.76 | 2,544,381.15 | 2,219,142.76 | 2,382,324.91 |\n|  | Less: Inter seqment adjustment | 12,893.59 | 12,780.18 | 11,124.33 | 12,893.59 | 11.124.33 | 18,261.88 |\n|  | Total segment assets | 2,531,487.56 | 2,516,511.56 | 2,208,018.43 | 2,531,487.56 | 2,208,018.43 | 2,364,063.03 |\n| 4. | Seqment liabilities |  |  |  |  |  |  |\n| a | Retail Banking | 1,075,549.50 | 1,063,337.34 | 977,391.31 | 1,075,549.50 | 977,391.31 | 1,019,845.49 |\n| b | Wholesale Bankinq | 503,046.84 | 494.981.27 | 419,641.39 | 503,046.84 | 419,641.39 | 456,571.53 |\n| C | Treasury | 169,403.66 | 164,916.99 | 155,996.16 | 169.403.66 | 155,996.16 | 166,411.24 |\n| d | Other Banking | 52,902.37 | 54,914.98 | 58,540.17 | 52,902.37 | 58,540.17 | 55,134.33 |\n| e | Life Insurance | 302,174.49 | 315,258.92 | 279,465.00 | 302,174.49 | 279,465.00 | 287,991.47 |\n| f | General Insurance | 53,531.30 | 53,159.31 | .. | 53.531.30 | .. | 50,358.96 |\n| q | Others | 81,986.50 | 89,536.30 | 71,178.20 | 81,986.50 | 71.178.20 | 76,768.05 |\n| h | Unallocated | 13,100.00 | 13,100.00 | 13,100.00 | 13,100.00 | 13,100.00 | 13,100.00 |\n|  | Total | 2 251694.66 | 2 249 205.11 | 1,975,312.23 | 2,251,694.66 | 1,975,312.23 | 2,126,181.07 |\n|  | Less: Inter seqment adjustment | 12.893.59 | 12,780.18 | 11.124.33 | 12,893.59 | 11,124.33 | 18,261.88 |\n|  | Total seqment liabilities | 2 238 801.07 | 2,236 424.93 | 1964 187.90 | 2,238,80L07 | 1,964,187.90 | 2 107,919.19 |\n| 5. | Cqpital employed | 292 686.49 | 280,086.63 | 243 830,53 | 292,686.49 | 243,830.53 | 256 143,84 |\n| 6. | Total 141+(51 | 2,531,487.56 | 2,516,511.56 | 2,208,018.43 | 2,531,487.56 | 2,208,018.43 | 2,364,063.03 |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 12, "section": "fl IC/Cl Bank", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "f44bb0c37e0c3500", "content": "[TABLE] Company: ICICI | Year: FY2022 | Section: For and an behalf of he By\nrd of Directors \ng | Page: 13\n\n| 6. 7. 8. 9. 10. | 'Life Insurance' 'General Insura 'Others' compri 'Unallocoted' in ICICI Lombard Services (India (India) Private Q3-2025 and 9 | represents ICICI nce' represents I ses the consolida cludes items suc General Insuran ) Private Limited Limited became M-2025, are not | Prudential Lif CICI Lombord ted entities o h as tax paid ce Company ceased to b a wholly-own comparable | e Insurance Com General Insuranc f the Bank, not co in advance net of Limited ceased t e an associate an ed subsidiary of with the previous | pony Limited. e Company Limited. vered in any of the seg provision, deferred tax o be an associate and d became a subsidiary the Bank effective from periods/year. | ments above. and provisions to became a subsid of the Bank effe March 22. 2024. | the extent rec iary of the Ba ctive from Ma Accordingly, t | koned at the nk effective rch 20, 2024 he consolida | entity level. from February . Subsequently ted segmental r | 29. 2024. , I-Process esults for | I-Process Services Q2-2025, |\n|---|---|---|---|---|---|---|---|---|---|---|---|", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 13, "section": "For and an behalf of he By\nrd of Directors \ng", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "43a8aa687fb859b9", "content": "[TABLE] Company: ICICI | Year: FY2022 | Section: For and an behalf of he By\nrd of Directors \ng > To the Board of Directors of \nICICI Bank Limited | Page: 14\n\n| We Mu | sten, Express H mbai - 400 063 | ighway , India | , Goregaon ( | East) |  |  | Churchgate Mumbai-400 | 020, India |\n|---|---|---|---|---|---|---|---|---|\n| In | dependent Aud | itors' | limited revi | ew report | on un | audited standa | lone financial re | sults for the |\n| qu | arter ended 31 | Decem | ber 2024 an | d year to | date re | sults for the p | eriod from 1 Apr | il 2024 to 31 |\n| De | cember 2024 of | the IC | ICI Bank Li | mited purs | uant to | Regulation 33 | and Regulation 52 | (4) read with |\n| Re | gulation 63 of | the Sec | urities and | Exchange | Board | of India (Listi | ng Obligations an | d Disclosure |\n| Re | quirements) Re | gulatio | ns, 2015, as | amended |  |  |  |  |\n| To | the Board of Di | rectors | of |  |  |  |  |  |\n| IC | ICI Bank Limit | ed |  |  |  |  |  |  |\n| I. | We have review | ed the | accompanyin | g Statemen | t of unau | dited standalon | e financial results o | f ICICI Bank |\n|  | Limited (herein | after re | ferred to as 't | he Bank') f | or the q | uarter ended 31 | December 2024 an | d year to date |\n|  | results for the p | eriod fr | om 1 April 20 | 24 to 31 D | ecembe | r 2024 ('the Sta | tement'), being sub | mitted by the |\n|  | Bank pursuant t | o the r | equirements | of Regulati | on 33 an | d Regulation 5 | 2(4) read with Reg | ulation 63 of |\n|  | the Securities | and E | xchange Boa | rd of Ind | ia ('the | SEBl') (Listi | ng Obligations an | d Disclosure |\n|  | Requirements) | Regulat | ions, 2015, as | amended | ('the Li | sting Regulatio | ns'). |  |\n| 2. | This Statement, | which | is the respon | sibility of | the Ban | k's manageme | nt and approved by | its Board of |\n|  | Directors. has b | een pre | pared in acco | rdance wit | h the rec | ognition and m | easurement princip | les laid down |\n|  | in Accounting | Standar | d 25 \"Interim | Financial | Reporti | ng'' ('AS 25'), | prescribed under S | ection 133 of |\n|  | the Companies | Act 20 | I 3, read with | relevant r | ules issu | ed thereunder, | in so far as they ap | ply to banks, |\n|  | the relevant pro | visions | of the Bank | ing Regula | tion Ac | t, 1949, the cir | culars, guidelines a | nd directions |\n|  | issued by the R | BI from | time to time | ('the RBI | Guideli | nes') and other | accounting princip | les generally |\n|  | accepted in Indi | a, and i | n compliance | with Regu | lation 3 | 3 and Regulatio | n 52(4) read with | Regulation 63 |\n|  | of the Listing R | egulatio | ns. Our resp | onsibility i | s to issu | e a report on the | Statement based o | n our review. |\n| 3. | We conducted o | ur revi | ew of the Sta | tement in | accorda | nce with the St | andard on Review | Engagements |\n|  | (SRE) 24 l O \"R | eview o | f Interim Fin | ancial Inf | ormation | Performed by | the Independent A | uditor of the |\n|  | Entity\", issued | by the | Institute of | Chartered | Accoun | tants of India. | A review of inte | rim financial |\n|  | information con | sists of | making inqu | iries, prima | rily of p | ersons respons | ible for financial an | d accounting |\n|  | matters, and ap | plying | analytical and | other rev | iew pro | cedures. A revi | ew is substantially | less in scope |\n|  | than an audit co | nducted | in accordan | ce with Sta | ndards o | n Auditing and | consequently does | not enable us |\n|  | to obtain assura | nce that | we would be | come awar | e of all | significant matt | ers that might be id | entified in an |\n|  | audit. Accordin | gly, we | do not expre | ss an audit | opinion. |  |  |  |\n|  |  |  |  |  |  |  |  | Page 1 of2 |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 14, "section": "For and an behalf of he By\nrd of Directors \ng", "subsection": "To the Board of Directors of \nICICI Bank Limited", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "60d738c17c89eb77", "content": "[TABLE] Company: ICICI | Year: FY2022 | Section: For and an behalf of he By\nrd of Directors \ng > g· tration no.: IO I 248W/W-100022 | Page: 15\n\n| artered Accou | ntants |  |  |  | Chart | ered Accou | ntants |\n|---|---|---|---|---|---|---|---|\n| Based on our r | eview co | nducted as above, | nothing ha | s come to ou | r attention | that causes | us to believe |\n| that the accom | panying | Statement, prepa | red in acco | rdance with | the recog | nition and | measurement |\n| principles laid | down in | the aforesaid acc | ounting sta | ndard and ot | her accoun | ting princip | les generally |\n| accepted in Ind | ia and th | e RBI guidelines, | has not disc | losed the inf | ormation re | quired to b | e disclosed in |\n| terms of Regul | ation 33 | and Regulation | 52(4) read | with Regulat | ion 63 of | the Listing | Regulations, |\n| including the m | anner in | which it is to be d | isclosed, or | that it contai | ns any mat | erial misstat | ement or that |\n| it has not been | prepared | in accordance wit | h the releva | nt prudential | norms issu | ed by the R | BI in respect |\n| of income reco | gnition, a | sset classification | , provisionin | g and other r | elated mat | ters. |  |\n| The standalone | financial | results of the Ba | nk for the ye | ar ended 31 | March 202 | 4 were audit | ed jointly by |\n| the predecessor | auditors | whose report dat | ed 27 April | 2024 had exp | ressed an | unmodified | opinion. The |\n| standalone fina | ncial res | ults of the Bank | for corres | ponding quar | ter ended | 31 Decemb | er 2023 and |\n| corresponding | period fro | m I April 2023 to | 31 Decemb | er 2023 were | reviewed j | ointly by th | e predecessor |\n| auditors whose | report da | ted 20 January 20 | 24 had expr | essed an unm | odified co | nclusion. |  |\n| Our review rep | ort is not | modified in respe | ct of the abo | ve matters. |  |  |  |\n| For B S R & C | o. LLP |  |  |  |  |  |  |\n| Chartered Acco | untants |  |  |  | countants |  |  |\n| g· tra | tion no.: | IO I 248W/W-100 | 022 |  | ation no.: | I 01961 W/ | WI 00036 |\n| Ashwin Suvar | na |  |  | Nlanish Sam | pat |  |  |\n| Partner |  |  |  | Partner |  |  |  |\n| Membership N | o.: I 0950 | 3 |  | Membership | No.: IO I 6 | 84 |  |\n| UDIN: 251095 | 03BMOQ | AF3445 |  | UDIN: 2510 | 1684BMM | LKR7991 |  |\n| Place: Mumbai |  |  |  | Place: Mumb | ai |  |  |\n| Date: 25 Januar | y 2025 |  |  | Date: 25 Janu | ary 2025 |  |  |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 15, "section": "For and an behalf of he By\nrd of Directors \ng", "subsection": "g· tration no.: IO I 248W/W-100022", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "416e027bc8155372", "content": "[TABLE] Company: ICICI | Year: FY2022 | Section: For and an behalf of he By\nrd of Directors \ng > g· tration no.: IO I 248W/W-100022 | Page: 16\n\n| BS Cha | R& Co. LLP rtered Account | ants |  |  | C C | N K & Ass hartered Ac | ociates LLP countants |  |\n|---|---|---|---|---|---|---|---|---|\n| 14th Nes | Floor, Central co IT Park 4, N | B Wing and esco Center | North | C Wing | 3r D | d Floor, Mi inshaw Vac | stry Bhavan, hha Road, |  |\n| Wes | tern Express H | ighway, Gore | gaon ( | East) | C | hurchgatc |  |  |\n| Mu | mbai- 400 063 | , India |  |  | M | umbai-400 | 020, India |  |\n| Lim | ited review re | port on unau | dited | quarterly con | solidated fin | ancial resu | lts and consolid | ated year-to |\n| date | results for qu | arter ended | 31 De | cember 2024 | and year to | date results | for the period | from 1 April |\n| 202 | 4 to 31 Decem | ber 2024 of | ICICI | Bank Limit | ed pursuant | to Regulati | on 33 and Reg | ulation 52(4) |\n| read | with Regulat | ion 63 of the | of the | Securities an | d Exchange | Board of In | dia (Listing Obl | igations and |\n| Disc | losure Requir | ements) Reg | ulatio | ns, 2015, as a | mended |  |  |  |\n| To t | he Board of D | irectors of |  |  |  |  |  |  |\n| ICI | CI Bank Limi | ted |  |  |  |  |  |  |\n| I. | We have revie | wed the acco | mpany | ing Statemen | t of unaudite | d consolida | ted financial res | ults of !CIC! |\n|  | Bank Limited ( | hereinafter re | ferred | to as \"the Par | ent\"), and its s | ubsidiaries ( | the Parent and it | s subsidiaries |\n|  | together referr | ed to as \"the | Group | \"), and its sh | are of the ne | t profit afte | r tax of its asso | ciates for the |\n|  | quarter ended | 3 I Decembe | r 2024 | and year to | date results | for the peri | od from I Apri | l 2024 to 31 |\n|  | December 202 | 4 (\"the Stat | ement'' | ). being sub | mitted by the | Parent pur | suant to the req | uirements of |\n|  | Regulation 33 | and Regulati | on 52( | 4) read with | Regulation 63 | of the Secu | rities and Excha | nge Board of |\n|  | India (Listing | Obligations | and D | isclosure Re | quirements) R | egulations, | 20 I 5, as amen | ded (\"Listing |\n|  | Regulations\"), | except for th | e discl | osures prescri | bed by the Re | serve Bank | of India (the 'RB | I') relating to |\n|  | consolidated P | illar 3 disclo | sures a | s at 31 Dece | mber 2024, in | cluding leve | rage ratio, liqui | dity coverage |\n|  | ratio and net s | table funding | ratio | under Basel | Ill Capital R | egulations a | s have been dis | closed on the |\n|  | Bank's website | and in respe | ct of w | hich a link ha | s been provide | d in Note 7 | to the Statement | and have not |\n|  | been reviewed | by us. |  |  |  |  |  |  |\n| 2. | This Statemen | t. which is th | e resp | onsibility of t | he Parent's m | anagement | and approved by | the Parent's |\n|  | Board of Direc | tors, has bee | n prep | ared in accord | ance with the | recognitio | n and measurem | ent principles |\n|  | laid down in | Accounting | Standar | d 25 \"Interi | m Financial | Reporting\" | (\"AS 25\"), pres | cribed under |\n|  | Section 133 o | f the Compan | ies Ac | t, 20 I 3, read | with relevant | rules issued | thereunder, in | so far as they |\n|  | apply to banks | , the relevant | provisi | ons of the Ba | nking Regulat | ion Act, 194 | 9, the circulars, t | he guidelines |\n|  | and directions | issued by the | Reser | ve Bank of In | dia (RBI) (\"R | BI Guidelin | es\") and guideli | nes issued by |\n|  | Insurance Reg | ulatory and | Develo | pment Autho | rity of India | (\"IRDAI g | uidelines\") as ap | plicable, and |\n|  | other accounti | ng principles | gener | ally accepted | in India and | in compli | ance with Regul | ation 33 and |\n|  | Regulation 52( | 4) read with | Regula | tion 63 of the | Listing Regu | lations. Ou | r responsibility i | s to express a |\n|  | conclusion on | the Statemen | t based | on our revie | w. |  |  |  |\n| 3. | We conducted | our review o | f the S | tatement in a | ccordance wi | th the Stan | dard on Review | Engagements |\n|  | (SRE) 2410 \" | Review of In | terim F | inancial Info | rmation Perf | ormed by th | e Independent A | uditor of the |\n|  | Entity\", issued | by the Inst | itute o | f Chartered | Accountants | of India. A | review of inte | rim financial |\n|  | information co | nsists of mak | ing inq | uiries, prima | rily of person | s responsibl | e for financial an | d accounting |\n|  | matters, and a | pplying analy | tical a | nd other revi | ew procedure | s. A review | is substantially | less in scope |\n|  | than an audit c | onducted in a | ccorda | nce with Stan | dards on Aud | iting and co | nsequently does | not enable us |\n|  | to obtain assur | ance that we | would | become awar | e of all signifi | cant matters | that might be id | entified in an |\n|  | audit. Accordi | ngly, we do n | ot expr | ess an audit o | pinion. |  |  |  |\n|  | We also perfo | rmed procedu | res in | accordance w | ith the circul | ar issued by | the Securities a | nd Exchange |\n|  | Board of India | under Regul | ation 3 | 3(8) of the Li | sting Regulati | ons, to the e | xtent applicable | . |\n| 4. | The Statement | includes the | results | of the entitie | s mentioned i | n Annexure | I. |  |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 16, "section": "For and an behalf of he By\nrd of Directors \ng", "subsection": "g· tration no.: IO I 248W/W-100022", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "5545242488f61810", "content": "[TABLE] Company: ICICI | Year: FY2022 | Section: For and an behalf of he By\nrd of Directors \ng > g· tration no.: IO I 248W/W-100022 | Page: 17\n\n| Cha | rtered Accounta | nts |  |  |  |  | Chartered Ac | countants |\n|---|---|---|---|---|---|---|---|---|\n| 5. | Based on our rev | iew conducte | d and procedur | es per | formed as stat | ed in p | aragraph 3 above a | nd based on |\n|  | the consideration | of the review | reports of the | othe | r auditors refe | rred to | in paragraph 6 bel | ow, nothing |\n|  | has come to our | attention tha | t causes us to | belie | ve that the a | ccomp | anying Statement, | prepared in |\n|  | accordance with | the recogniti | on and measur | emen | t principles la | id dow | n in the aforesaid | Accounting |\n|  | Standard, RBI G | uidelines, IR | DAI guidelines | , as a | pplicable and | other a | ccounting principl | es generally |\n|  | accepted in India | , has not discl | osed the infor | mation | required to b | e discl | osed in terms of Re | gulation 33 |\n|  | and Regulation 5 | 2(4) read with | Regulation 63 | of the | Listing Regul | ations, | including the mann | er in which |\n|  | it is to be disclo | sed, except f | or the disclosu | res re | lating to cons | olidat | ed Pillar 3 disclosu | re as at 31 |\n|  | December 2024, | including lev | erage ratio, liq | uidity | coverage rat | io and | net stable funding | ratio under |\n|  | Basel 111 Capital | Regulations a | s have been d | isclos | ed on the Ban | k's we | bsite and in respect | of which a |\n|  | link has been pro | vided in Note | 7 to the Statem | ent a | nd have not be | en rev | iewed by us. |  |\n| 6. | We did not revie | w the interim | financial infor | matio | n of 6 subsidia | ries in | cluded in the Statem | ent, whose |\n|  | interim financial | information r | eflect total ass | ets (b | efore consolid | ation a | djustments) of Rs. | 445,577.08 |\n|  | crores as at 31 D | ecember 2024 | and total reve | nues ( | before consol | idation | adjustments) of Rs | . 24,936.31 |\n|  | crores and Rs. 6 | 9,082.67 cror | es. total net p | rofit a | fter tax (befo | re con | solidation adjustme | nts) of Rs. |\n|  | 1,899.31 crores a | nd Rs. 5,589. | 45 crores, for | the q | uarter ended 3 | 1 Dec | ember 2024 and fo | r the period |\n|  | from I April 202 | 4 to 31 Dece | mber 2024 res | pectiv | ely, as consid | ered i | n the Statement. Th | ese interim |\n|  | financial informa | tion have bee | n reviewed by | other | auditors whos | e repor | ts have been furnish | ed to us by |\n|  | the Parent's mana | gement and o | ur conclusion | on the | Statement, in | so far | as it relates to the a | mounts and |\n|  | disclosures includ | ed in respect | of these subsid | iaries | , is based sole | ly on t | he reports of the ot | her auditors |\n|  | and the procedure | s performed | by us as stated | in par | agraph 3 abov | e. |  |  |\n|  | Further, 3 subsidi | aries whose i | nterim financia | l info | rmation reflec | ts total | assets of Rs. 32,26 | 2.16 crores |\n|  | (before consolida | tion adjustme | nts) as at 31 D | ecem | ber 2024 and | total r | evenues of Rs. 1,59 | 3.94 crores |\n|  | and Rs. 4,934.12 | crores (befor | e consolidation | adju | stments) and t | otal ne | t profit after tax of | Rs. 497.29 |\n|  | crores and Rs. 1, | 411.25 crores | (before conso | lidatio | n adjustments | ) for t | he quarter ended 31 | December |\n|  | 2024 and for the | period from | 1 April 2024 t | o 31 | December 20 | 24 res | pectively, as consid | ered in the |\n|  | Statement has be | en reviewed b | y only one of | the jo | int auditors o | f the B | ank and our conclu | sion on the |\n|  | Statement in so f | ar as it relates | to the amount | s and | disclosures in | cluded | in respect of this su | bsidiary, is |\n|  | based solely on | the review r | eport issued b | y the | said auditors | of the | subsidiary compa | ny and the |\n|  | procedures perfor | med as stated | in paragraph 3 | abov | e. |  |  |  |\n|  | Our conclusion is | not modified | in respect of t | his ma | tter. |  |  |  |\n| 7. | The Statement inc | ludes the fina | ncial informati | on of | 9 subsidiaries | which | have not been revie | wed, whose |\n|  | interim financial | information r | eflect total ass | ets (b | efore consoli | dation | adjustments) of Rs | . 52,202.80 |\n|  | crores as at 31 De | cember 2024 | and total reven | ue (be | fore consolida | tion ad | justments) of Rs. 82 | 0.61 crores |\n|  | and Rs. 2,532.05 | crores and to | tal net profit a | fter ta | x (before con | solidati | on adjustments) of | Rs. 165.87 |\n|  | crores and Rs. 54 | 2.02 crores f | or the quarter e | nded | 31 December | 2024 | and for the period f | rom 1 April |\n|  | 2024 to 31 Dece | mber 2024, re | spectively, as c | onsid | ered in the St | atemen | t. The Statement al | so includes |\n|  | the Group's share | of net profit | after tax of Rs. | 18.2 | 8 crores and R | s. 120. | 34 crores for the qu | arter ended |\n|  | 31 December 202 | 4 and for the | period from I | April | 2024 to 31 D | ecembe | r 2024, respectivel | y in respect |\n|  | of 6 associates, b | ased on their | financial infor | matio | n which have | not be | en reviewed. Acco | rding to the |\n|  | information and | explanations | given to us | by t | he Parent's m | anage | ment, these interi | m financial |\n|  | information are n | ot material to | the Group. |  |  |  |  |  |\n|  | Our conclusion is | not modified | in respect of t | his ma | tter. |  |  |  |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 17, "section": "For and an behalf of he By\nrd of Directors \ng", "subsection": "g· tration no.: IO I 248W/W-100022", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "c88dcc26151b2010", "content": "[TABLE] Company: ICICI | Year: FY2022 | Section: For and an behalf of he By\nrd of Directors \ng > g· tration no.: IO I 248W/W-100022 | Page: 18\n\n| rtered Accoun | ta | nts |  |  |  | Chart | ered Accountants |\n|---|---|---|---|---|---|---|---|\n| The joint statut | or | y auditors | of ICICI Prudent | ial Life Insuran | ce Company | Limited | ('ICICI Life'), vide |\n| their review rep | or | t dated 22 | January 2025 ha | ve expressed an | unmodified o | pinion | and have reported in |\n| the 'Other Mat | ter' | section t | hat 'The actuarial | valuation of lia | bilities for l | ife polic | ies in force and for |\n| policies in resp | ect | of which | premium has bee | n discontinued b | ut liability ex | ists as a | t 31 December 2024 |\n| is the responsi | bili | ty of the | Company's Appo | inted Actuary ( | the 'Appoint | ed Actu | ary\"). The actuarial |\n| valuation of the | se | liabilities | for life policies i | n force and for | policies in re | spect of | which premium has |\n| been discontinu | ed | but liabil | ity exists as at 31 | December 2024 | has been dul | y certifi | ed by the Appointed |\n| Actuary and in | his | opinion, t | he assumptions fo | r such valuation | are in accord | ance wi | th the guidelines and |\n| norms issued b | y | the Insura | nce Regulatory | and Developme | nt Authority | of Indi | a ('IR OAi') and the |\n| Institute of Act | uar | ies of Indi | a in concurrence | with the Authorit | y. The joint | auditors | have relied upon the |\n| Appointed Actu | ar | y's certific | ate in this regard | for forming their | opinion on t | he valua | tion of liabilities for |\n| life policies in | for | ce and fo | r policies in respe | ct of which pre | mium has be | en disco | ntinued but liability |\n| exists, as contai | ne | d in the gr | oup reporting pac | k of the Compan | y'. |  |  |\n| Our conclusion | is | not modif | ied in respect of t | his matter. |  |  |  |\n| The joint statut | ory | auditors | of ICICI Lombar | d General Insura | nce Compan | y Limit | ed ('ICICI General'), |\n| vide their revie | w r | eport date | d 17 January 2025 | , have expressed | an unmodifi | ed opini | on and have reported |\n| in the 'Other M | att | er' section | that, 'The actuar | ial valuation of | liabilities in | respect | of Incurred But Not |\n| Reported ('IBN | R') | , Incurred | But Not Enoug | h Reported ('IB | NER') and P | remium | Deficiency Reserve |\n| ('PDR') is the | res | ponsibilit | y of the Compan | y's Appointed | Actuary (the | 'Appoi | nted Actuary'). The |\n| actuarial valuat | ion | of these | liabilities, that ar | e estimated usin | g statistical | methods | as at 31 December |\n| 2024 has been | dul | y certified | by the Appointe | d Actuary and in | his opinion, | the ass | umptions considered |\n| by him for such | va | luation ar | e in accordance w | ith the guideline | s and norms | issued b | y the IRDAI and the |\n| Institute of Act | uar | ies of Indi | a in concurrence | with IRDAI. The | joint statuto | ry audit | ors have relied upon |\n| the Appointed | Act | uary's cer | tificate in this rega | rd for forming t | heir opinion | on the v | aluation of liabilities |\n| for outstanding | cla | ims reser | ves and PDR cont | ained in the grou | p reporting | pack of t | he Company.' |\n| Our conclusion | is | not modif | ied in respect of t | his matter. |  |  |  |\n| The consolidate | d f | inancial re | sults of the Group | and its associat | es for the yea | r ended | 31 March 2024 were |\n| audited jointly | by | the pre | decessor auditors | whose report | dated 27 Ap | ril 2024 | had expressed an |\n| unmodified op | ini | on. The | Consolidated fina | ncial results o | f the group | and its | associates for the |\n| corresponding | qua | rter ende | d 31 December 2 | 023 and corresp | onding perio | d from | I April 2023 to 31 |\n| December 2023 | w | ere review | ed jointly by the | predecessor audi | tors whose r | eport da | ted 20 January 2024 |\n| had expressed a | n u | nmodifie | d conclusion. |  |  |  |  |\n| Our conclusion | on | the State | ment is not modifi | ed in respect of | this matters. |  |  |\n| r BS R & Co. | LL | P |  |  |  |  |  |\n| artered Accoun | tan | ts |  |  |  | ntants |  |\n| / , ;,tea lion | n | o., I OI 24 | 8 W/ W-100022 |  |  | on no.: | 101961W/W100036 |\n| hwin Suvarna |  |  |  |  |  |  |  |\n| tner |  |  |  | Part | ner |  |  |\n| mbership No.: | I0 9 | 503 |  | Me | mbership o. | : IO1 68 | 4 |\n| IN: 25109503B | M | OQAG81 | 3 I | UDI | N: 25101684 | BMML | KSI 128 |\n| ce: Mumbai |  |  |  | Plac | e: Mumbai |  |  |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 18, "section": "For and an behalf of he By\nrd of Directors \ng", "subsection": "g· tration no.: IO I 248W/W-100022", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ac8831089ba07dfb", "content": "[TABLE] Company: ICICI | Year: FY2022 | Section: For and an behalf of he By\nrd of Directors \ng > g· tration no.: IO I 248W/W-100022 | Page: 19\n\n| Chartered Ac | countants |  |\n|---|---|---|\n| Annexurc 1 |  |  |\n| List of entities | included in the stat | ement. |\n| Parent Entity |  |  |\n| I. !CIC! | Bank Limited |  |\n| Subsidiaries |  |  |\n| 2. !CIC! | Bank UK PLC |  |\n| 3. ICICI | Bank Canada |  |\n| 4. !CIC! | Securities Limited |  |\n| 5. ICICI | Securities Holding | s Inc. |\n| 6. ICICI | Securities Inc. |  |\n| 7. ICICI | Securities Primary | Dealership |\n| 8. ICICI | Venture Funds Ma | nagement C |\n| 9. ICICI | Home Finance Com | pany Lim |\n| I 0. !CIC! | Trusteeship Service | s Limited |\n| 11. !CIC! | Investment Manag | ement Com |\n| 12. ICICI | International Limite | d |\n| 13. ICICI | Prudential Pension | Funds Man |\n| 14. ICICI | Prudential Life Ins | urance Com |\n| 15. ICICI | Lombard General I | nsurance C |\n| 16. ICICI | Prudential Asset M | anagement |\n| 17. ICICI | Prudential Trust Li | mited |\n| 18. I-Proc | ess Services (India) | Private Li |\n| 19. ICICI | Strategic Investmen | ts Fund |\n| Associates |  |  |\n| 20. NIIT I | nstitute of Finance | Banking a |\n| 21. ICICI | Merchant Services | Private Li |\n| 22. India l | nfradebt Limited |  |\n| 23. India | Advantage Fund-Ill |  |\n| 24. India | Advantage Fund-IV |  |\n| 25. Arteri | a Technologies Priv | ate Limite |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 19, "section": "For and an behalf of he By\nrd of Directors \ng", "subsection": "g· tration no.: IO I 248W/W-100022", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "0875b83b08bdec36", "content": "[TABLE] Company: ICICI | Year: FY2022 | Section: /CIC/Bank > The Board of Directors of ICICI Bank Limited (NSE: ICICIBANK, BSE: 532174, \nNYSE: IBN) at its meeting held at Mumbai today, approved the standalone and \nconsolidated accounts of the Bank for the quarter ended December 31, 2024 (Q3- \n2025). The statutory auditors have conducted a limited review and have issued \nan unmodified report on the standalone and consolidated financial statements for \nthe quarter ended December 31, 2024. | Page: 20\n\n|  |  |  |  |  | ICICI Ban ICICI Ban | k k | Limited Towers |\n|---|---|---|---|---|---|---|---|\n|  | /CI | C/B | a | nk | Bandra K | u | rla Comp |\n|  |  |  |  |  | Mumbai | 40 | 0 051 |\n| Ne | ws Release |  |  |  | Januar | y 2 | 5, 2025 |\n| Per | formance Re | view: Quart | er end | ed December 31, 2 | 024 |  |  |\n| • | Profit before | tax exclu | ding t | reasury grew by 1 | 2.8% year-on | -y | ear to ₹ |\n|  | 15,289 crore | (US$ 1.8 bil | lion) i | n the quarter ended | December 31 | , 2 | 024 (Q3- |\n|  | 2025) |  |  |  |  |  |  |\n| • | Core operati | ng profit gr | ew by | 13.1% year-on-ye | ar to ₹ 16,516 | cr | ore (US$ |\n|  | 1.9 billion) in | Q3-2025 |  |  |  |  |  |\n|  | • Excluding | dividend in | come | from subsidiaries, c | ore operating | pr | ofit grew |\n|  | by 14.7% | year-on-ye | ar in | Q3-2025 |  |  |  |\n| • | Profit after t | ax grew b | y 14.8 | % year-on-year to | ₹ 11,792 cror | e | (US$ 1.4 |\n|  | billion) in Q3 | -2025 |  |  |  |  |  |\n| • | Total period- | end deposit | s gre | w by 14.1% year-on | -year to ₹ 15,2 | 0, | 309 crore |\n|  | (US $ 177.6 | billion) at D | ecemb | er 31, 2024 |  |  |  |\n| • | Average dep | osits grew | by 13 | .7% year-on-year t | o ₹ 14,58,489 | cr | ore (US$ |\n|  | 170.3 billion) | at Decemb | er 31, | 2024 |  |  |  |\n|  | • Average | current acc | ount a | nd savings account | (CASA) ratio | w | as 39.0% |\n|  | in Q3-202 | 5 |  |  |  |  |  |\n| • | Domestic loa | n portfolio | grew | by 15.1% year-on- | year to ₹ 12,8 | 2,7 | 78 crore |\n|  | (US$ 149.8 b | illion) at De | cemb | er 31, 2024 |  |  |  |\n| • | Net NPA rat | io was 0.4 | 2% at | December 31, 202 | 4 compared t | o | 0.42% at |\n|  | September 3 | 0, 2024 |  |  |  |  |  |\n| • | Provisioning | coverage | ratio | on non-performin | g loans was | 7 | 8.2% at |\n|  | December 31 | , 2024 |  |  |  |  |  |\n| • | Including pro | fits for the | nine m | onths ended Dece | mber 31, 2024 | (9 | M-2025), |\n|  | total capital | adequacy r | atio w | as 16.60% and CET | -1 ratio was 1 | 5. | 93% on a |\n|  | standalone b | asis at Dec | ember | 31, 2024 |  |  |  |\n| The | Board of D | irectors of I | CICI B | ank Limited (NSE: | ICICIBANK, BS | E: | 532174, |\n| NY | SE: IBN) at its | meeting h | eld at | Mumbai today, app | roved the stan | da | lone and |\n| con | solidated acc | ounts of the | Bank | for the quarter ende | d December 31 | , 2 | 024 (Q3- |\n| 202 | 5). The statu | tory auditor | s hav | e conducted a limite | d review and | ha | ve issued |\n| an | unmodified re | port on the s | tanda | lone and consolidat | ed financial sta | te | ments for |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 20, "section": "/CIC/Bank", "subsection": "The Board of Directors of ICICI Bank Limited (NSE: ICICIBANK, BSE: 532174, \nNYSE: IBN) at its meeting held at Mumbai today, approved the standalone and \nconsolidated accounts of the Bank for the quarter ended December 31, 2024 (Q3- \n2025). The statutory auditors have conducted a limited review and have issued \nan unmodified report on the standalone and consolidated financial statements for \nthe quarter ended December 31, 2024.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "df3f9036ecc9c654", "content": "[TABLE] Company: ICICI | Year: FY2022 | Section: /CIC/Bank > The net domestic advances grew by 15.1% year-on-year and 3.2% sequentially \nat December 31, 2024. The retail loan portfolio grew by 10.5% year-on-year and \n1.4% sequentially, and comprised 52.4% of the total loan portfolio at December \n31, 2024. Including non-fund outstanding, the retail portfolio was 43.9% of the \ntotal portfolio at December 31, 2024. The business banking portfolio grew by \n31.9% year-on-year and 6.4% sequentially at December 31, 2024. The rural \nportfolio grew by 12.2% year-on-year and 0.9% sequentially at December 31, \n2024. The domestic corporate portfolio grew by 13.2% year-on-year and 4.3% \nsequentially at December 31, 2024. Total advances increased by 13.9% year-on-\nyear and 2.9% sequentially to ₹ 13,14,366 crore (US$ 153.5 billion) at December \n31, 2024. | Page: 21\n\n|  |  |  |  |  | ICICI Ban | k Limited |\n|---|---|---|---|---|---|---|\n|  |  |  |  |  | ICICI Ban | k Towers |\n|  | /CI | C/Ba | nk |  | Bandra K | urla Comple |\n|  |  |  |  |  | Mumbai 4 | 00 051 |\n| Pro | fit & loss account |  |  |  |  |  |\n| • | Profit before tax exc | luding treasury | grew by 12 | .8% yea | r-on-year | to ₹ 15,289 |\n|  | crore (US$ 1.8 billio | n) in Q3-2025 fr | om ₹ 13,55 | 1 crore | (US$ 1.6 b | illion) in the |\n|  | quarter ended Dece | mber 31, 2023 ( | Q3-2024) |  |  |  |\n| • | Core operating profi | t grew by 13.1% | year-on-ye | ar to ₹ | 16,516 cr | ore (US$ 1.9 |\n|  | billion) in Q3-2025 f | rom ₹ 14,601 cr | ore (US$ 1.7 | billion) | in Q3-20 | 24 |\n|  | • Excluding di | vidend income | from subsid | iaries, | core oper | ating profit |\n|  | grew by 14.7 | % year-on-year | in Q3-2025 |  |  |  |\n| • | Net interest income | (NII) increased | by 9.1% ye | ar-on-y | ear to ₹ 2 | 0,371 crore |\n|  | (US$ 2.4 billion) in Q | 3-2025 from ₹ | 18,678 crore | (US$ 2 | .2 billion) | in Q3-2024 |\n| • | The net interest mar | gin was 4.25% in | Q3-2025 c | ompare | d to 4.27% | in Q2-2025 |\n|  | and 4.43% in Q3-20 | 24 |  |  |  |  |\n| • | Non-interest income | , excluding trea | sury, increa | sed by | 12.1% yea | r-on-year to |\n|  | ₹ 6,697 crore (US$ | 782 million) in | Q3-2025 f | rom ₹ | 5,975 cror | e (US$ 698 |\n|  | million) in Q3-2024 |  |  |  |  |  |\n| • | Fee income grew by | 16.3% year-on- | year to ₹ 6, | 180 cro | re (US$ 72 | 2 million) in |\n|  | Q3-2025 from ₹ 5,3 | 13 crore (US$ 6 | 21 million) | in Q3- | 2024. Fees | from retail, |\n|  | rural and business b | anking custom | ers constitut | ed abo | ut 78% of | total fees in |\n|  | Q3-2025 |  |  |  |  |  |\n| • | Treasury gains were | ₹ 371 crore (U | S$ 43 million | ) in Q3 | -2025 as c | ompared to |\n|  | 123 crore (US$14 m | illion) in Q3-202 | 4 |  |  |  |\n| • | Provisions (excludin | g provision for t | ax) were ₹ | 1,227 c | rore (US$ | 143 million) |\n|  | in Q3-2025 compar | ed to ₹ 1,050 c | rore (US$ 1 | 23 milli | on) in Q3- | 2024 and ₹ |\n|  | 1,233 crore (US$ 14 | 4 million) in Q2- | 2025 |  |  |  |\n| • | Profit before tax gr | ew by 14.5% y | ear-on-year | to ₹ 1 | 5,660 cro | re (US$ 1.8 |\n|  | billion) in Q3-2025 f | rom ₹ 13,674 cr | ore (US$ 1.6 | billion) | in Q3-20 | 24 |\n| • | Profit after tax grew | by 14.8% year- | on-year to ₹ | 11,792 | crore (US | $ 1.4 billion) |\n|  | in Q3-2025 from ₹ 1 | 0,272 crore (US | $ 1.2 billion) | in Q3- | 2024 |  |\n| Cre | dit growth |  |  |  |  |  |\n| The | net domestic adva | nces grew by 1 | 5.1% year-o | n-year | and 3.2% | sequentially |\n| at D | ecember 31, 2024. | The retail loan p | ortfolio gre | w by 10 | .5% year- | on-year and |\n| 1.4 | % sequentially, and | comprised 52.4 | % of the tot | al loan | portfolio a | t December |\n| 31, | 2024. Including non | -fund outstand | ing, the reta | il portf | olio was 4 | 3.9% of the |\n| tota | l portfolio at Dece | mber 31, 2024. | The busine | ss bank | ing portfo | lio grew by |\n| 31. | 9% year-on-year a | nd 6.4% sequen | tially at De | cembe | r 31, 202 | 4. The rural |\n| por | tfolio grew by 12.2 | % year-on-year | and 0.9% s | equent | ially at D | ecember 31, |\n| 202 | 4. The domestic co | rporate portfolio | grew by 1 | 3.2% y | ear-on-ye | ar and 4.3% |\n| seq | uentially at Decemb | er 31, 2024. Tot | al advances | increa | sed by 13. | 9% year-on- |\n| yea | r and 2.9% sequenti | ally to ₹ 13,14,3 | 66 crore (U | S$ 153. | 5 billion) a | t December |\n| 31, | 2024. |  |  |  |  |  |\n|  |  |  | 2 |  |  |  |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 21, "section": "/CIC/Bank", "subsection": "The net domestic advances grew by 15.1% year-on-year and 3.2% sequentially \nat December 31, 2024. The retail loan portfolio grew by 10.5% year-on-year and \n1.4% sequentially, and comprised 52.4% of the total loan portfolio at December \n31, 2024. Including non-fund outstanding, the retail portfolio was 43.9% of the \ntotal portfolio at December 31, 2024. The business banking portfolio grew by \n31.9% year-on-year and 6.4% sequentially at December 31, 2024. The rural \nportfolio grew by 12.2% year-on-year and 0.9% sequentially at December 31, \n2024. The domestic corporate portfolio grew by 13.2% year-on-year and 4.3% \nsequentially at December 31, 2024. Total advances increased by 13.9% year-on-\nyear and 2.9% sequentially to ₹ 13,14,366 crore (US$ 153.5 billion) at December \n31, 2024.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "696a3111b4e68a2a", "content": "[TABLE] Company: ICICI | Year: FY2022 | Section: /CIC/Bank > Asset quality \n \nThe gross NPA ratio was 1.96% at December 31, 2024 compared to 1.97% at \nSeptember 30, 2024. The net NPA ratio was 0.42% at December 31, 2024 \ncompared to 0.42% at September 30, 2024. The gross NPA additions were ₹ 6,085 \ncrore (US$ 711 million) in Q3-2025 compared to ₹ 5,916 (US$ 691 million) in Q1-\n2025 and ₹ 5,073 crore (US$ 593 million) in Q2-2025. The Bank typically \nwitnesses higher NPA additions from the kisan credit card portfolio in the first and \nthird quarter of a fiscal year. Recoveries and upgrades of NPAs, excluding write-\noffs and sale, were ₹ 3,392 crore (US$ 396 million) in Q3-2025 compared to ₹ \n3,292 crore (US$ 384 million) in Q1-2025 and ₹ 3,319 crore (US$ 388 million) in \nQ2-2025. The net additions to gross NPAs, excluding write-offs and sale, were ₹ \n2,693 crore (US$ 315 million) in Q3-2025 compared to ₹ 2,624 (US$ 306 million) \nin Q1-2025 and ₹ 1,754 crore (US$ 205 million) in Q2-2025. The Bank has written-\noff gross NPAs amounting to ₹ 2,011 crore (US$ 235 million) in Q3-2025. The \nprovisioning coverage ratio on non-performing loans was 78.2% at December 31, \n2024. | Page: 22\n\n|  |  |  |  |  |  | ICICI Ban | k Limited |\n|---|---|---|---|---|---|---|---|\n|  |  |  |  |  |  | ICICI Ban | k Towers |\n| /C | IC | / | B | an | k | Bandra K | urla Comple |\n|  |  |  |  |  |  | Mumbai 4 | 00 051 |\n| The Bank contin | ued to enha | n | ce the u | se of techno | logy in its | operation | s to provide |\n| simplified soluti | ons to cust | om | ers. T | he Bank ha | s introduc | ed DigiEa | se, a digital |\n| platform design | ed to strea | ml | ine the | customer o | nboarding | process | for business |\n| banking. This | enhances o | pe | rationa | l efficiency | and cus | tomer ex | perience by |\n| integrating mul | tiple digital | se | rvices i | nto a single | seamles | s workflow | . iLens, the |\n| retail lending pl | atform, is b | ein | g upgr | aded on an | ongoing b | asis, with | retail credit |\n| cards now integ | rated in the | p | latform | along with | mortgage | s, person | al loans and |\n| education loans | . |  |  |  |  |  |  |\n| The Bank will c | ontinue to m | a | ke inve | stments in th | e comput | ing infrast | ructure and |\n| upgrade digital | channels t | o | further | strengthen | system r | esilience | and simplify |\n| processes for en | hancing cu | sto | mer ex | perience. |  |  |  |\n| Deposit growth |  |  |  |  |  |  |  |\n| Total period-e | nd deposit | s | increa | sed by 14 | .1% yea | r-on-year | and 1.5% |\n| sequentially to | ₹ 15,20,30 | 9 | crore ( | US$ 177.6 | billion) at | Decembe | r 31, 2024. |\n| Average deposi | ts increased | b | y 13.7 | % year-on-y | ear and 2 | .1% sequ | entially to ₹ |\n| 14,58,489 crore | (US$ 170.3 | bil | lion) in | Q3-2025. A | verage cu | rrent acco | unt deposits |\n| increased by 1 | 3.1% year-o | n- | year a | nd 4.5% se | quentially | in Q3-20 | 25. Average |\n| savings account | deposits in | cre | ased b | y 12.3% yea | r-on-year | and 1.3% | sequentially |\n| in Q3-2025. |  |  |  |  |  |  |  |\n| With the additi | on of 129 br | a | nches d | uring Q3-20 | 25, the B | ank had a | network of |\n| 6,742 branches | and 16,277 |  | ATMs & | cash recyc | ling mach | ines at D | ecember 31, |\n| 2024. |  |  |  |  |  |  |  |\n| Asset quality |  |  |  |  |  |  |  |\n| The gross NPA | ratio was 1 | .9 | 6% at | December 3 | 1, 2024 c | ompared | to 1.97% at |\n| September 30, | 2024. The | n | et NPA | ratio was | 0.42% at | Decemb | er 31, 2024 |\n| compared to 0.4 | 2% at Septe | m | ber 30, | 2024. The g | ross NPA | additions | were ₹ 6,085 |\n| crore (US$ 711 | million) in Q | 3- | 2025 c | ompared to | ₹ 5,916 (U | S$ 691 m | illion) in Q1- |\n| 2025 and ₹ 5, | 073 crore | (U | S$ 593 | million) in | Q2-2025 | . The Ba | nk typically |\n| witnesses highe | r NPA addit | io | ns from | the kisan cr | edit card p | ortfolio in | the first and |\n| third quarter of | a fiscal year | . | Recover | ies and upg | rades of N | PAs, excl | uding write- |\n| offs and sale, w | ere ₹ 3,392 | c | rore (U | S$ 396 mill | ion) in Q3 | -2025 co | mpared to ₹ |\n| 3,292 crore (US | $ 384 millio | n) | in Q1- | 2025 and ₹ | 3,319 cror | e (US$ 38 | 8 million) in |\n| Q2-2025. The n | et additions | to | gross | NPAs, exclu | ding write | -offs and | sale, were ₹ |\n| 2,693 crore (US | $ 315 millio | n) | in Q3-2 | 025 compa | red to ₹ 2, | 624 (US$ | 306 million) |\n| in Q1-2025 and | ₹ 1,754 cror | e ( | US$ 20 | 5 million) in | Q2-2025. | The Bank | has written- |\n| off gross NPAs | amounting | to | ₹ 2,01 | 1 crore (US | $ 235 mil | lion) in Q | 3-2025. The |\n| provisioning cov | erage ratio | on | non-p | erforming lo | ans was 7 | 8.2% at D | ecember 31, |\n| 2024. |  |  |  |  |  |  |  |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 22, "section": "/CIC/Bank", "subsection": "Asset quality \n \nThe gross NPA ratio was 1.96% at December 31, 2024 compared to 1.97% at \nSeptember 30, 2024. The net NPA ratio was 0.42% at December 31, 2024 \ncompared to 0.42% at September 30, 2024. The gross NPA additions were ₹ 6,085 \ncrore (US$ 711 million) in Q3-2025 compared to ₹ 5,916 (US$ 691 million) in Q1-\n2025 and ₹ 5,073 crore (US$ 593 million) in Q2-2025. The Bank typically \nwitnesses higher NPA additions from the kisan credit card portfolio in the first and \nthird quarter of a fiscal year. Recoveries and upgrades of NPAs, excluding write-\noffs and sale, were ₹ 3,392 crore (US$ 396 million) in Q3-2025 compared to ₹ \n3,292 crore (US$ 384 million) in Q1-2025 and ₹ 3,319 crore (US$ 388 million) in \nQ2-2025. The net additions to gross NPAs, excluding write-offs and sale, were ₹ \n2,693 crore (US$ 315 million) in Q3-2025 compared to ₹ 2,624 (US$ 306 million) \nin Q1-2025 and ₹ 1,754 crore (US$ 205 million) in Q2-2025. The Bank has written-\noff gross NPAs amounting to ₹ 2,011 crore (US$ 235 million) in Q3-2025. The \nprovisioning coverage ratio on non-performing loans was 78.2% at December 31, \n2024.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "7e5cf34034f9d876", "content": "[TABLE] Company: ICICI | Year: FY2022 | Section: /CIC/Bank > Key subsidiaries   \n \nThe annualised premium equivalent of ICICI Prudential Life Insurance (ICICI Life) \nwas ₹ 6,905 crore (US$ 806 million) in 9M-2025 compared to ₹ 5,430 crore (US$ \n634 million) in 9M-2024. Value of New Business (VNB) of ICICI Life was ₹ 1,575 \ncrore (US$ 184 million) in 9M-2025 compared to ₹ 1,451 crore (US$ 169 million) \nin 9M-2024. The VNB margin was 22.8% in 9M-2025 compared to 24.6% in \nFY2024 and 26.7% in 9M-2024. The profit after tax increased to ₹ 803 crore (US$ \n94 million) in 9M-2025 compared to ₹ 679 crore (US$ 79 million) in 9M-2024 and \n₹ 326 crore (US$ 38 million) in Q3-2025 compared to ₹ 227 crore (US$ 27 million) \nin Q3-2024. \n \nThe Gross Direct Premium Income (GDPI) of ICICI Lombard General Insurance \nCompany (ICICI General) was ₹ 6,214 crore (US$ 726 million) in Q3-2025 as \ncompared to ₹ 6,230 crore (US$ 728 million) in Q3-2024. The combined ratio \nstood at 102.7% in Q3-2025 compared to 103.6% in Q3-2024. The profit after tax \nof ICICI General increased by 67.9% to ₹ 724 crore (US$ 85 million) in Q3-2025 \nfrom ₹ 431 crore (US$ 50 million) in Q3-2024. With effect from October 1, 2024, | Page: 23\n\n|  |  |  |  |  | ICICI Bank | Limited |\n|---|---|---|---|---|---|---|\n|  |  |  |  |  | ICICI Bank | Towers |\n| /C | IC | /B | an | k | Bandra Kur | la Comple |\n|  |  |  |  |  | Mumbai 40 | 0 051 |\n| Excluding NP | As, the tot | al fund b | ased outs | tanding to | all borrow | ers under |\n| resolution as | per the vari | ous extan | t regulatio | ns/guideline | s declined t | o ₹ 2,107 |\n| crore (US$ 246 | million) or | 0.2% of t | otal advanc | es at Dece | mber 31, 20 | 24 from ₹ |\n| 2,546 crore (U | S$ 297 milli | on) at Sep | tember 30, | 2024. The | Bank holds | provisions |\n| amounting to | ₹ 691 cro | re (US$ | 81 million) | against th | ese borrow | ers under |\n| resolution, as | of Decemb | er 31, 20 | 24. In addi | tion, the B | ank continu | es to hold |\n| contingency pr | ovisions of | ₹ 13,100 c | rore (US$ 1 | .5 billion) a | t December | 31, 2024. |\n| The loan and | non-fund b | ased outs | tanding to | performing | corporate | borrowers |\n| rated BB and | below was | ₹ 2,193 cr | ore (US$ 2 | 56 million) | at Decembe | r 31, 2024 |\n| compared to ₹ | 3,386 crore | (US$ 395 | million) at | September | 30, 2024. |  |\n| Capital adequ | acy |  |  |  |  |  |\n| Including profi | ts for the n | ine month | s ended De | cember 31 | , 2024 (9M- | 2025), the |\n| Bank’s total ca | pital adequ | acy ratio | at Decembe | r 31, 2024 | was 16.60% | and CET- |\n| 1 ratio was 15. | 93% compa | red to the | minimum r | egulatory r | equirements | of 11.70% |\n| and 8.20% res | pectively. |  |  |  |  |  |\n| Consolidated | results |  |  |  |  |  |\n| The consolidat | ed profit a | fter tax in | creased by | 16.6% yea | r-on-year to | ₹ 12,883 |\n| crore (US$ 1.5 | billion) in Q | 2-2025 fro | m ₹ 11,053 | crore (US$ | 1.3 billion) in | Q3-2024. |\n| Consolidated a | ssets grew | by 14.7% | year-on-ye | ar to ₹ 25,3 | 1,488 crore ( | US$ 295.7 |\n| billion) at Dec | ember 31, | 2024 fro | m ₹ 22,08, | 018 crore | (US$ 257.9 | billion) at |\n| December 31, | 2023. |  |  |  |  |  |\n| Key subsidiari | es |  |  |  |  |  |\n| The annualise | d premium | equivalent | of ICICI Pr | udential Lif | e Insurance | (ICICI Life) |\n| was ₹ 6,905 cr | ore (US$ 8 | 06 million) | in 9M-202 | 5 compared | to ₹ 5,430 | crore (US$ |\n| 634 million) in | 9M-2024. | Value of N | ew Busines | s (VNB) of | ICICI Life w | as ₹ 1,575 |\n| crore (US$ 184 | million) in | 9M-2025 | compared t | o ₹ 1,451 c | rore (US$ 1 | 69 million) |\n| in 9M-2024. T | he VNB m | argin was | 22.8% in | 9M-2025 c | ompared to | 24.6% in |\n| FY2024 and 26 | .7% in 9M- | 2024. The | profit after | tax increas | ed to ₹ 803 | crore (US$ |\n| 94 million) in 9 | M-2025 co | mpared to | ₹ 679 crore | (US$ 79 m | illion) in 9M | -2024 and |\n| ₹ 326 crore (U | S$ 38 millio | n) in Q3-2 | 025 compar | ed to ₹ 227 | crore (US$ | 27 million) |\n| in Q3-2024. |  |  |  |  |  |  |\n| The Gross Dir | ect Premiu | m Income | (GDPI) of I | CICI Lomb | ard General | Insurance |\n| Company (ICIC | I General) | was ₹ 6, | 214 crore ( | US$ 726 m | illion) in Q | 3-2025 as |\n| compared to ₹ | 6,230 cro | re (US$ 7 | 28 million) | in Q3-202 | 4. The comb | ined ratio |\n| stood at 102.7 | % in Q3-20 | 25 compar | ed to 103.6 | % in Q3-20 | 24. The prof | it after tax |\n| of ICICI Gener | al increased | by 67.9% | to ₹ 724 c | rore (US$ | 85 million) in | Q3-2025 |\n| from ₹ 431 cro | re (US$ 50 | million) in | Q3-2024. | With effect | from Octob | er 1, 2024, |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 23, "section": "/CIC/Bank", "subsection": "Key subsidiaries   \n \nThe annualised premium equivalent of ICICI Prudential Life Insurance (ICICI Life) \nwas ₹ 6,905 crore (US$ 806 million) in 9M-2025 compared to ₹ 5,430 crore (US$ \n634 million) in 9M-2024. Value of New Business (VNB) of ICICI Life was ₹ 1,575 \ncrore (US$ 184 million) in 9M-2025 compared to ₹ 1,451 crore (US$ 169 million) \nin 9M-2024. The VNB margin was 22.8% in 9M-2025 compared to 24.6% in \nFY2024 and 26.7% in 9M-2024. The profit after tax increased to ₹ 803 crore (US$ \n94 million) in 9M-2025 compared to ₹ 679 crore (US$ 79 million) in 9M-2024 and \n₹ 326 crore (US$ 38 million) in Q3-2025 compared to ₹ 227 crore (US$ 27 million) \nin Q3-2024. \n \nThe Gross Direct Premium Income (GDPI) of ICICI Lombard General Insurance \nCompany (ICICI General) was ₹ 6,214 crore (US$ 726 million) in Q3-2025 as \ncompared to ₹ 6,230 crore (US$ 728 million) in Q3-2024. The combined ratio \nstood at 102.7% in Q3-2025 compared to 103.6% in Q3-2024. The profit after tax \nof ICICI General increased by 67.9% to ₹ 724 crore (US$ 85 million) in Q3-2025 \nfrom ₹ 431 crore (US$ 50 million) in Q3-2024. With effect from October 1, 2024,", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "667e5c9b39a8faa1", "content": "[TABLE] Company: ICICI | Year: FY2022 | Section: /CIC/Bank > long-term products are accounted on 1/n basis, as mandated by IRDAI, hence Q3 \nnumbers are not fully comparable. \n \nThe profit after tax of ICICI Prudential Asset Management Company, as per Ind \nAS, increased to ₹ 632 crore (US$ 74 million) in Q3-2025 from ₹ 546 crore (US$ \n64 million) in Q3-2024.  \n \nThe profit after tax of ICICI Securities, on a consolidated basis, as per Ind AS, \nincreased to ₹ 504 crore (US$ 59 million) in Q3-2025 from ₹ 466 crore (US$ 54 \nmillion) in Q3-2024. | Page: 24\n\n|  |  |  | ICICI Bank Limit | ed |\n|---|---|---|---|---|\n|  |  |  | ICICI Bank Towe | rs |\n| / | CI | C/Bank | Bandra Kurla Co | mple |\n|  |  |  | Mumbai 400 051 |  |\n| long-term | products are | accounted on 1/n basis, as mandat | ed by IRDAI, henc | e Q3 |\n| numbers a | re not fully c | omparable. |  |  |\n| The profit | after tax of I | CICI Prudential Asset Management | Company, as pe | r Ind |\n| AS, increa | sed to ₹ 632 | crore (US$ 74 million) in Q3-2025 f | rom ₹ 546 crore | (US$ |\n| 64 million) | in Q3-2024. |  |  |  |\n| The profit | after tax of | ICICI Securities, on a consolidated | basis, as per Ind | AS, |\n| increased | to ₹ 504 cror | e (US$ 59 million) in Q3-2025 from | ₹ 466 crore (US | $ 54 |\n| million) in | Q3-2024. |  |  |  |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 24, "section": "/CIC/Bank", "subsection": "long-term products are accounted on 1/n basis, as mandated by IRDAI, hence Q3 \nnumbers are not fully comparable. \n \nThe profit after tax of ICICI Prudential Asset Management Company, as per Ind \nAS, increased to ₹ 632 crore (US$ 74 million) in Q3-2025 from ₹ 546 crore (US$ \n64 million) in Q3-2024.  \n \nThe profit after tax of ICICI Securities, on a consolidated basis, as per Ind AS, \nincreased to ₹ 504 crore (US$ 59 million) in Q3-2025 from ₹ 466 crore (US$ 54 \nmillion) in Q3-2024.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "57efbedd15aca95d", "content": "[TABLE] Company: ICICI | Year: FY2022 | Section: /CIC/Bank > Treasury \n93 \n123 \n290 \n680 \n371 \n1,664 \nProfit before tax \n54,488 \n13,674 \n40,168 \n15,490 \n15,660 \n45,843 \nLess: \n \n \n \n \n \n \nProvision for taxes \n13,600 \n3,402 \n9,987 \n3,744 \n3,868 \n11,246 \nProfit after tax \n40,888 \n10,272 \n30,181 \n11,746 \n11,792 \n34,597 \n1. Excluding treasury \n2. The Bank continues to hold contingency provision of ₹ 13,100 crore (US$ 1.5 billion) at | Page: 25\n\n|  |  |  |  |  |  |  |  | ICICI Bank T | ower | s |  |\n|---|---|---|---|---|---|---|---|---|---|---|---|\n|  |  |  | / | C | IC/ | Ban | k | Bandra Kurla | Co | mplex |  |\n|  |  |  |  |  |  |  |  | Mumbai 400 | 051 |  |  |\n|  | Summa | ry Profi | t an | d Los | s Statement | (as per stand | alone Indian | GAAP accou | nts) |  |  |\n|  |  |  |  |  |  |  |  |  |  | ₹ c | rore |\n|  |  |  |  | FY | 2024 Q3 | -2024 9M | -2024 Q2 | -2025 Q3 | -202 | 5 9M | -2025 |\n|  |  |  |  | Au | dited Una | udited Una | udited Una | udited Una | udite | d Una | udited |\n| Net in | terest i | ncome |  |  | 74,306 | 18,678 | 55,213 | 20,048 | 20,3 | 71 | 59,972 |\n| Non-i | nterest | income |  |  | 22,949 | 5,975 | 17,019 | 6,496 | 6,6 | 97 | 19,582 |\n| - Fee - Divi | income dend inc | ome fro | m |  | 20,796 | 5,313 | 15,360 | 5,894 | 6,1 | 80 | 17,564 |\n| subsi - Othe | diaries r incom | e |  |  | 2,073 80 | 650 12 | 1,589 70 | 541 61 | 5 | 09 8 | 1,944 74 |\n| Less: |  |  |  |  |  |  |  |  |  |  |  |\n| Opera | ting ex | pense |  |  | 39,133 | 10,052 | 29,430 | 10,501 | 10,5 | 52 | 31,583 |\n| Core | operatin | g profi | t1 |  | 58,122 | 14,601 | 42,802 | 16,043 | 16,5 | 16 | 47,971 |\n| Total - Con | net prov tingency | ision |  |  | 3,643 | 1,050 | 2,924 | 1,233 | 1,2 | 27 | 3,792 |\n| provis - Othe Profit | ions2 r provis before | ions tax exc | l. |  | - 3,643 | - 1,050 | - 2,924 | - 1,233 | 1,2 | - 27 | - 3,792 |\n| treas Treas | ury ury |  |  |  | 54,479 93 | 13,551 123 | 39,878 290 | 14,810 680 | 15,2 3 | 89 71 | 44,179 1,664 |\n| Profit | before | tax |  |  | 54,488 | 13,674 | 40,168 | 15,490 | 15,6 | 60 | 45,843 |\n| Less: |  |  |  |  |  |  |  |  |  |  |  |\n| Provis | ion for t | axes |  |  | 13,600 | 3,402 | 9,987 | 3,744 | 3,8 | 68 | 11,246 |\n| Profit | after ta | x |  |  | 40,888 | 10,272 | 30,181 | 11,746 | 11,7 | 92 | 34,597 |\n|  | 1. Exclu | ding tre | asur | y |  |  |  |  |  |  |  |\n|  | 2. The | Bank co | ntin | ues to | hold continge | ncy provision | of ₹ 13,100 cr | ore (US$ 1.5 | billion | ) at |  |\n|  | Dece | mber 31 | , 20 | 24 |  |  |  |  |  |  |  |\n|  | 3. The t | reasury l | oss | during | Q4-2024 inclu | des the impact | of transfer of n | egative balanc | e of ₹ | 340 |  |\n|  | crore | (US$ 40 | mill | ion) in | Foreign Curren | cy Translation | Reserve relate | d to Bank’s Offs | hore | Unit |  |\n|  | in M | umbai to | prof | it and | loss account in | view of the pr | oposed closure | of the Unit |  |  |  |\n|  | 4. Prior | period n | umb | ers h | ave been re-arr | anged wherev | er necessary |  |  |  |  |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 25, "section": "/CIC/Bank", "subsection": "Treasury \n93 \n123 \n290 \n680 \n371 \n1,664 \nProfit before tax \n54,488 \n13,674 \n40,168 \n15,490 \n15,660 \n45,843 \nLess: \n \n \n \n \n \n \nProvision for taxes \n13,600 \n3,402 \n9,987 \n3,744 \n3,868 \n11,246 \nProfit after tax \n40,888 \n10,272 \n30,181 \n11,746 \n11,792 \n34,597 \n1. Excluding treasury \n2. The Bank continues to hold contingency provision of ₹ 13,100 crore (US$ 1.5 billion) at", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "591791140035a78c", "content": "[TABLE] Company: ICICI | Year: FY2022 | Section: /CIC/Bank > Investments \n4,36,650 \n4,61,942 \n4,79,098 \n4,71,978 \nAdvances \n11,53,771 \n11,84,406 \n12,77,240 \n13,14,366 \nFixed assets \n10,354 \n10,860 \n11,546 \n11,922 \nOther assets \n83,119 \n74,381 \n72,175 \n71,662 \nTotal assets \n17,83,222 \n18,71,515 \n19,76,858 \n20,13,343 \n1. Prior period figures have been re-grouped/re-arranged wherever necessary | Page: 26\n\n|  |  |  |  | ICICI | Bank | Limited |  |\n|---|---|---|---|---|---|---|---|\n|  |  |  |  | ICICI | Bank | Towers |  |\n|  | /CIC | /Ban | k | Band | ra Ku | rla Complex |  |\n|  |  |  |  | Mum | bai 40 | 0 051 |  |\n| Summary | balance sheet |  |  |  |  |  |  |\n|  |  |  |  |  |  |  | ₹ crore |\n|  | 31- | Dec-23 31- | Mar-24 | 30- | Sep-2 | 4 31- | Dec-24 |\n|  | Un | audited A | udited | Un | audite | d Un | audited |\n| Capital and li | abilities |  |  |  |  |  |  |\n| Capital Employee sto | ck options | 1,403 | 1,405 |  | 1 | ,409 | 1,412 |\n| outstanding Reserves and | surplus | 1,243 2,24,191 | 1,405 2,35,589 |  | 1 2,56 | ,651 ,480 | 1,802 2,68,429 |\n| Deposits Borrowings (i | ncludes | 13,32,315 1,26,871 | 14,12,825 1,24,968 |  | 14,97 1,24 | ,761 ,493 | 15,20,309 1,27,731 |\n| subordinated Other liabilitie | debt) s and provisions | 97,199 | 95,323 |  | 95 | ,064 | 93,660 |\n| Total capital | and liabilities | 17,83,222 | 18,71,515 |  | 19,76 | ,858 | 20,13,343 |\n| Assets Cash and bal Reserve Bank | ances with of India | 64,869 | 89,712 |  | 89 | ,102 | 75,780 |\n| Balances with money at call Investments | banks and and short notice | 34,459 4,36,650 | 50,214 4,61,942 |  | 47 4,79 | ,697 ,098 | 67,635 4,71,978 |\n| Advances |  | 11,53,771 | 11,84,406 |  | 12,77 | ,240 | 13,14,366 |\n| Fixed assets |  | 10,354 | 10,860 |  | 11 | ,546 | 11,922 |\n| Other assets |  | 83,119 | 74,381 |  | 72 | ,175 | 71,662 |\n| Total assets |  | 17,83,222 | 18,71,515 |  | 19,76 | ,858 | 20,13,343 |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 26, "section": "/CIC/Bank", "subsection": "Investments \n4,36,650 \n4,61,942 \n4,79,098 \n4,71,978 \nAdvances \n11,53,771 \n11,84,406 \n12,77,240 \n13,14,366 \nFixed assets \n10,354 \n10,860 \n11,546 \n11,922 \nOther assets \n83,119 \n74,381 \n72,175 \n71,662 \nTotal assets \n17,83,222 \n18,71,515 \n19,76,858 \n20,13,343 \n1. Prior period figures have been re-grouped/re-arranged wherever necessary", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "198f3f42faaaf142", "content": "[TABLE] Company: ICICI | Year: FY2022 | Section: /CIC/Bank | Page: 27\n\n| Certain definitions in this release relating to | a future p | eriod of time (including inter alia |  |\n|---|---|---|---|\n| concerning our future business plans or growt | h prospect | s) are forward-looking statements |  |\n| intended to qualify for the 'safe harbor' under | applicabl | e securities laws including the US |  |\n| Private Securities Litigation Reform Act of 199 | 5. Such fo | rward-looking statements involve |  |\n| a number of risks and uncertainties that could | cause act | ual results to differ materially from |  |\n| those in such forward-looking statements. Th | ese risks | and uncertainties include, but are |  |\n| not limited to statutory and regulatory cha | nges, inter | national economic and business |  |\n| conditions, political or economic instability | in the ju | risdictions where the Bank has |  |\n| operations or which affect global or Indian eco | nomic con | ditions, increase in nonperforming |  |\n| loans, unanticipated changes in interest rate | s, foreign | exchange rates, equity prices or |  |\n| other rates or prices, our growth and expansio | n in busine | ss, the adequacy of our allowance |  |\n| for credit losses, the actual growth in de | mand for | banking products and services, |  |\n| investment income, cash flow projections, our | exposure | to market risks, changes in India’s |  |\n| sovereign rating, as well as other risks detail | ed in the r | eports filed by us with the United |  |\n| States Securities and Exchange Commission. | Any forw | ard-looking statements contained |  |\n| herein are based on assumptions that the Ban | k believes | to be reasonable as of the date of |  |\n| this release. ICICI Bank undertakes no obligati | on to upd | ate forward-looking statements to |  |\n| reflect events or circumstances after the date t | hereof. Ad | ditional risks that could affect our |  |\n| future operating results are more fully desc | ribed in o | ur filings with the United States |  |\n| Securities and Exchange Commission. These f | ilings are | available at www.sec.gov |  |\n| This release does not constitute an offer of se | curities. |  |  |\n| For further press queries please em | ail Sujit | Ganguli / Kausik Datta | at |\n| sujit.ganguli@icicibank.com / | datta | .kausik@icicibank.com | or |\n| corporate.communications@icicibank.com |  |  |  |\n| For investor queries please email Abhinek Bh | argava at | abhinek.bhargava@icicibank.com | or |\n| Nitesh Kalantri at nitesh.kalantri@icicibank.co | m or ir@ic | icibank.com. |  |\n| 1 crore = 10.0 million |  |  |  |\n| US$ amounts represent convenience translati | ons at US | $1= ₹ 85.62 |  |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 27, "section": "/CIC/Bank", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "05b45cdc236deddd", "content": "[TABLE] Company: ICICI | Year: FY2022 | Section: /CIC/Bank | Page: 28\n\n|  |  |  |  |  |  |  |  |  |  | Annexure |\n|---|---|---|---|---|---|---|---|---|---|---|\n|  | Mr. Sandee | p Ba | tra (DIN: | 03620913) |  |  |  |  |  |  |\n|  | Mr. Sandee | p Ba | tra is an Ex | ecutive Director | on the Boa | rd of ICIC | I Ba | nk and i | s resp | onsible for |\n|  | the Corpora | te C | entre since | July 2018. |  |  |  |  |  |  |\n|  | He is the C | hair | man of ICI | CI Prudential Lif | e Insuranc | e Comp | any | Limited, | ICICI | Prudential |\n|  | Asset Mana | gem | ent Comp | any Limited and | ICICI Ve | nture Fu | nds | Manage | ment | Company |\n|  | Limited. He | also | serves on | the Board of ICIC | I Lombard | General | Insu | rance Co | mpa | ny Limited. |\n|  | He has bee | n wit | h ICICI sin | ce 2000 and has | worked in | various | area | s across | the gr | oup. |\n|  | He is a Cha | rtere | d Account | ant and Compan | y Secretar | y by qual | ifica | tion. |  |  |\n|  | Mr. Batra is | not | related to | any other direct | or of the | Bank. We | aff | irm that | Mr. B | atra is not |\n|  | debarred fr | om | holding th | e office of Dire | ctor by vi | rtue of | any | order of | Secu | rities and |\n|  | Exchange B | oard | of India o | r any other such | authority. |  |  |  |  |  |\n|  | Mr. Rakesh | Jha | (DIN: 000 | 42075) |  |  |  |  |  |  |\n|  | Mr. Rakesh | Jha i | s an Execu | tive Director on t | he Board | of ICICI B | ank. | He is res | ponsi | ble for the |\n|  | Retail, Who | lesa | le, Marke | ts, Treasury, Tra | nsaction | Banking, | Dig | ital Cha | nnels | , Brand & |\n|  | Marketing f | uncti | ons of the | Bank. |  |  |  |  |  |  |\n|  | He is the Ch | airp | erson of t | he Board of ICICI | Lombard | General | Insu | rance Co | mpan | y Limited, |\n|  | ICICI Home | Fina | nce Comp | any Limited and | ICICI Sec | urities Li | mite | d. He als | o ser | ves on the |\n|  | Board of ICI | CI V | enture Fun | ds Management | Company | Limited. |  |  |  |  |\n|  | He has been | wit | h ICICI sinc | e 1996 and has w | orked in | various a | reas | . He was | the G | roup Chief |\n|  | Financial Of | ficer | in his pre | vious role. |  |  |  |  |  |  |\n|  | He has a m | ana | gement de | gree from the Ind | ian Instit | ute of Ma | nag | ement, L | uckn | ow and an |\n|  | engineering | deg | ree from t | he Indian Institute | of Techn | ology, De | lhi. |  |  |  |\n|  | Mr. Jha is no | t rel | ated to an | y other director of | the Bank. | We affir | m th | at Mr. Jha | is no | t debarred |\n|  | from holdin | g the | office of | Director by virtue | of any or | der of Se | curit | ies and | Excha | nge Board |\n|  | of India or a | ny o | ther such | authority. |  |  |  |  |  |  |\n| ICICI Ban | k Limited |  | Tel: (91) ( | 22) 4008 8900 |  |  |  |  |  |  |\n| ICICI Bank | Tower, |  | Email: co | mpanysecretary@icic | ibank.com |  |  |  |  |  |\n| Bandra-K | urla Complex, |  | Website: | www.icicibank.com |  | Regd. O | ffice | : ICICI Ban | k Towe | r, Near Chak |\n| Mumbai – | 400 051, India | . | CIN: L651 | 90GJ1994PLC02101 | 2 | Old Pa | dra R | oad, Vado | dara 3 | 90 007, India |", "company": "ICICI", "ticker": "ICICIBANK", "source_file": "ICICI-2.pdf", "fiscal_year": "FY2022", "page_number": 28, "section": "/CIC/Bank", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "aa87f9d4d4917513", "content": "TO ALL STOCK EXCHANGES BSE LIMITED NATIONAL STOCK EXCHANGE OF INDIA LIMITED NEW YORK STOCK EXCHANGE April 17, 2025 Dear Sir/ Madam, Sub: Outcome of Board meeting This has reference to our letter dated March 14, 2025, regarding the captioned subject. The Board, at their meeting held on April 16-17, 2025 transacted the following items of business: Financial Results 1. Approved the audited consolidated financial results of the Company and its subsidiaries as per Indian Accounting Standards (“INDAS”) for the quarter and year ended March 31, 2025; 2. Approved the audited standalone financial results of the Company as per INDAS for the quarter and year ended March 31, 2025; 3. Approved the audited financial statements of the Company and its subsidiaries as per INDAS and International Financial Reporting Standard (“IFRS”) for the quarter and year ended March 31, 2025; 4. Approved the audited financial statements of the Company and its subsidiaries as per INDAS for the year ended March 31, 2025; 5. Approved the audited financial statements of the Company as per INDAS for the year ended March 31, 2025; Dividend 6. Recommended a final dividend of ₹22/- per equity share for the financial year ended March 31, 2025. Acquisition 7. Approved acquisition of MRE Consulting Limited. A press release along with additional information as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations is enclosed as Annexure l. 8.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "Introduction", "subsection": "Manikantha A.G.S. \nCompany Secretary \nMembership No: A21918", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8f888efe9baaa908"}, {"chunk_id": "a2d8f5fcb9f3748c", "content": "A press release along with additional information as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations is enclosed as Annexure l. 8. Approved acquisition of The Missing Link Security Pty Ltd, The Missing Link Network Integration Pty Ltd., The Missing Link Automation Pty Ltd. (together referred to as “The Missing Link”). A press release along with additional information as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations is enclosed as Annexure ll. Further, the Board approved incorporation of subsidiaries in USA and Australia, to consummate the above transactions. Update on Joint venture 9. Approved the investment by Mitsubishi Heavy Industries in the Infosys led Joint Venture in Japan, HiPUS. A press release along with additional information as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations is enclosed as Annexure lll. Annual General Meeting and Record date 10. The 44th Annual General Meeting of the Members of the Company will be held on Wednesday, June 25, 2025. 11. The record date for the purpose of the Annual General Meeting and payment of final dividend is May 30, 2025. The dividend will be paid on June 30, 2025. Appointment of Secretarial Auditors 12. The Board, based on the recommendation of the Audit Committee, has approved the appointment of Makarand M.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "Introduction", "subsection": "Manikantha A.G.S. \nCompany Secretary \nMembership No: A21918", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8f888efe9baaa908"}, {"chunk_id": "e05ac446f8319ccd", "content": "May 30, 2025. The dividend will be paid on June 30, 2025. Appointment of Secretarial Auditors 12. The Board, based on the recommendation of the Audit Committee, has approved the appointment of Makarand M. Joshi & Co., Practising Company Secretaries, as Secretarial Auditors of the Company for a period of five consecutive years commencing from FY 2025-26 till FY 2029-30, subject to approval of the shareholders of the Company at the ensuing Annual General Meeting. Additional information as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations is enclosed as Annexure lV. Stock grants i) Grants to CEO & MD The Board, on April 17, 2025, based on the recommendations of the Nomination and Remuneration Committee, approved the following annual grants to Salil Parekh, CEO and MD as per his employment agreement approved by shareholders: i) The grant of annual performance-based stock incentives (Annual Performance Equity Grant) in the form of Restricted Stock Units (RSU's) covering Company’s equity shares having a market value of ₹34.75 crore as on the date of the grant under the 2015 Stock Incentive Compensation Plan (2015 plan) which shall vest 12 months from the date of grant subject to achievement of performance targets as determined by the Board. ii) The grant of annual performance-based stock incentives (Annual performance equity ESG grant)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "Introduction", "subsection": "Manikantha A.G.S. \nCompany Secretary \nMembership No: A21918", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8f888efe9baaa908"}, {"chunk_id": "91c9d8f28822516c", "content": "performance targets as determined by the Board. ii) The grant of annual performance-based stock incentives (Annual performance equity ESG grant) in the form of RSU's covering Company’s equity shares having a market value of ₹2 crore as on the date of the grant under the 2015 Plan, which shall vest 12 months from the date of the grant subject to the Company’s achievement of certain environment, social and governance milestones as determined by the Board. iii) The grant of annual performance-based stock incentives (Annual performance Equity TSR grant) in the form of RSU's covering Company’s equity shares having a market value of ₹5 crore as on the date of the grant under the 2015 Plan, which shall vest on or after March 31, 2027 subject to the Company’s performance on cumulative relative TSR for the two year cumulative period and as determined by the Board. iv) The grant of annual performance-based stock incentives (2019 Annual Performance Equity Grant) in the form of Restricted Stock Units (RSU's) covering Company’s equity shares having a market value of ₹10 crore as on the date of the grant under the Infosys Expanded Stock Ownership Program-2019 (2019 Plan), which shall vest 12 months from the date of the grant subject to the Company’s achievement of certain performance criteria as laid out in the 2019 Plan. The above RSUs will be granted w.e.f May 2, 2025 and the number of RSU's will be calculated", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "Introduction", "subsection": "Manikantha A.G.S. \nCompany Secretary \nMembership No: A21918", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8f888efe9baaa908"}, {"chunk_id": "2222fffe0e97b161", "content": "Company’s achievement of certain performance criteria as laid out in the 2019 Plan. The above RSUs will be granted w.e.f May 2, 2025 and the number of RSU's will be calculated based on the market price at the close of trading on May 2, 2025. ii) Grants to other employees The Board, on April 17, 2025, based on the recommendations of the Nomination and Remuneration Committee, approved grant of 5,000 RSUs to eligible employees under the 2015 Plan w.e.f May 2, 2025. The RSUs would vest equally over a period of four years and the exercise price will be equal to the par value of the share. Policies and committee charter 13. Considered and approved amendments to the following policies and charters. − Related Party Transactions Policy − Policy for Determining Material Subsidiaries − Dividend Distribution Policy − Stakeholders Relationship Committee Charter − Nomination and Remuneration Committee Charter − Corporate Governance Guidelines − ESG Committee Charter − Risk Management Committee Charter − Infosys Group Tax Strategy − Code of Conduct for Prohibition of Insider Trading − Infosys Code on Fair Disclosures and Investor Relations − Supplier Code of Conduct − Policy for Determining of Materiality for Disclosures − Corporate Social Responsibility Policy − Corporate Social Responsibility Charter Copies of the policies and charters will be made available on the website of the Company under the", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "Introduction", "subsection": "Manikantha A.G.S. \nCompany Secretary \nMembership No: A21918", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8f888efe9baaa908"}, {"chunk_id": "3bc1bc3d3c002b8a", "content": "− Corporate Social Responsibility Policy − Corporate Social Responsibility Charter Copies of the policies and charters will be made available on the website of the Company under the following link: https://www.infosys.com/investors.html. 14. The Board took note of updates on McCamish Cybersecurity incident, the details of which is forming part of the notes to financial statements for the quarter and year ended March 31, 2025. The Board meeting was held on April 16 and 17, 2025. The Board meeting on April 17, 2025 commenced at 2.00 p.m. IST and concluded at 4.10 p.m. We are hereby enclosing herewith the financial results, press releases and annexures for your information and record. The same will also be made available on the Company’s website www.infosys.com. This is for your information and records. Sincerely, For Infosys Limited Manikantha A.G.S. Company Secretary Membership No: A21918 Anur Gurugopala Raju Suryanarayana Manikantha", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "Introduction", "subsection": "Manikantha A.G.S. \nCompany Secretary \nMembership No: A21918", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8f888efe9baaa908"}, {"chunk_id": "0426cf96ec907119", "content": "Digitally signed by Anur Gurugopala Raju Suryanarayana Manikantha Date: 2025.04.17 16:18:43 +05'30' Infosys to Acquire  Leading Energy Consulting Company, MRE Consulting Acquisition to strengthen energy and commodity trading and risk management (E/CTRM) capabilities for Infosys Bengaluru, India and Houston, US – April 17, 2025: Infosys (NSE, BSE, NYSE: INFY) a global leader in next-generation digital services and consulting, today announced a definitive agreement to acquire MRE Consulting Ltd. (‘MRE Consulting’), a technology and business consulting service provider. This strategic investment brings newer capabilities for Infosys in trading and risk management, especially in the energy Headquartered in Houston, Texas, MRE Consulting  will bring a team of over 200 professionals with industry knowledge, consulting and deep technology experience in Energy/Commodity Trading and Risk Management (E/CTRM) platforms and ecosystems. Through decades of successful delivery, MRE Consulting has developed proprietary E/CTRM business process frameworks spanning multiple commodities, transportation modes and business models. These frameworks serve as the foundation for commodity trading projects, accelerating vendor selection, solution design and implementation. MRE brings new clients, and synergies with new buying centers. Ashiss Kumar Dash, EVP & Global Head – Services, Utilities, Resources, Energy, and Sustainability,", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "Introduction", "subsection": "Infosys to Acquire  Leading Energy Consulting Company, MRE Consulting", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f229f9c6ff3223e0"}, {"chunk_id": "cc82674e25c79d97", "content": "MRE brings new clients, and synergies with new buying centers. Ashiss Kumar Dash, EVP & Global Head – Services, Utilities, Resources, Energy, and Sustainability, Infosys, said, “The world is now shifting towards a more sustainable future. With increasing complexity in integrating diverse sources of energy including renewables, global corporations require innovative solutions to navigate transformation. At Infosys, we are witnessing a significant rise in demand for digital transformation in energy and commodity trading and risk management (E/CTRM). By combining MRE Consulting’s deep E/CTRM capabilities with Infosys’ established leadership in the energy, resources and utilities sector, we are further enhancing our ability to drive value for our clients in this critical area of their business. We are excited to welcome MRE Consulting and its leadership team to the Infosys family.” MRE Founders, Mike Short, Dru Neikirk and Shane Merz, said, “The opportunities for our clients at the intersection of data, AI, and technology are vast. Beyond strong business synergy, we were seeking a partner who shared our values and mutual respect. By joining with Infosys, we will extend our expertise, deliver new capabilities, and expand beyond our current markets, while scaling what makes MRE special. We are truly excited about this new journey.”", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "Introduction", "subsection": "Infosys to Acquire  Leading Energy Consulting Company, MRE Consulting", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f229f9c6ff3223e0"}, {"chunk_id": "991e51957ed16950", "content": "By joining with Infosys, we will extend our expertise, deliver new capabilities, and expand beyond our current markets, while scaling what makes MRE special. We are truly excited about this new journey.” The acquisition is expected to close during the first quarter of fiscal year 2026 (i.e. quarter ending June 30, 2025), subject to customary closing conditions. Founded in 1994, MRE Consulting provides technology and business consulting services to the Energy & Utilities, Services, and Healthcare industries. MRE specializes in business advisory and digital transformation for Energy/Commodity Trading and Risk Management (E/CTRM). MRE also provides comprehensive solutions across customer engagement, call center optimization, field service, CPQ/pricing, cloud infrastructure and digital workplace and is a Salesforce and Microsoft partner. We are proud to be recognized as a Houston Business Journal Best Places to Work. For more information, please visit www.mre-consulting.com/. Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "Introduction", "subsection": "Infosys to Acquire  Leading Energy Consulting Company, MRE Consulting", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f229f9c6ff3223e0"}, {"chunk_id": "ca09bd85281a1167", "content": "With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace. Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate Certain statements in this release concerning our future growth prospects, or our future financial or operating performance, are forward-looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "Introduction", "subsection": "Infosys to Acquire  Leading Energy Consulting Company, MRE Consulting", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f229f9c6ff3223e0"}, {"chunk_id": "dc22c4ad694de8a5", "content": "to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid work model, economic uncertainties and geo-political situations, technologicassl disruptions and innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, and cybersecurity matters. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2024. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law. For further information, please contact: PR_Global@infosys.com", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "Introduction", "subsection": "Infosys to Acquire  Leading Energy Consulting Company, MRE Consulting", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f229f9c6ff3223e0"}, {"chunk_id": "b84a37df227076c3", "content": "made from time to time by or on behalf of the Company unless it is required by law. For further information, please contact: PR_Global@infosys.com Disclosure under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: - Name of the target entity Target Entity: MRE Consulting Limited (‘MRE Consulting’) Acquirer: Infosys Nova Holdings LLC, a wholly owned subsidiary of Infosys Limited To consummate the above transaction, Infosys Nova Holdings LLC will simultaneously incorporate a wholly owned subsidiary, Infosys Energy Consulting Services LLC. (“Infosys Energy”), in USA. Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? Industry to which the entity being acquired belongs Energy, Resources & Utilities industry sectors.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "Introduction", "subsection": "Infosys to Acquire  Leading Energy Consulting Company, MRE Consulting", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f229f9c6ff3223e0"}, {"chunk_id": "08cafa5d1cc97e45", "content": "Objects and effects of acquisition The acquisition demonstrates our commitment towards industry specific solution offerings and strengthens Infosys’ energy and commodity trading and risk management (E/CTRM) capabilities As the world shifts towards a future that is more focused on sustainable energy and with rising energy demand, increasing complexity in integrating diverse sources of energy including renewables; global corporations require innovative solutions to navigate transformation. At Infosys, we are witnessing a significant rise in demand for digital transformation in energy and commodity trading and risk management (E/CTRM). By combining MRE Consulting’s deep E/CTRM capabilities with Infosys’ established leadership in the energy, resources and utilities sector, we are further enhancing our ability to drive value for our clients in this critical area of their business. MRE brings an extensive industry expertise, marquee new clients, and synergies with new buying centers. Any governmental or regulatory approvals required for the acquisition Indicative time period for completion of the acquisition The acquisition of MRE Consulting is expected to close during the first quarter of fiscal 2026, subject to customary closing conditions. Nature of consideration Cash Cost of acquisition or the price at which the shares are acquired; Upto USD 36 million, including upfront and earnouts, excluding management incentives, and retention bonus. Percentage of holding", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "Introduction", "subsection": "Infosys to Acquire Leading Cybersecurity Services Provider The Missing Link", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ac6f8f407cb8c520"}, {"chunk_id": "1670ee034502dad7", "content": "Cash Cost of acquisition or the price at which the shares are acquired; Upto USD 36 million, including upfront and earnouts, excluding management incentives, and retention bonus. Percentage of holding 100% of the partnership interests in MRE Consulting Limited Brief Background Founded in 1994, MRE Consulting provides technology and business consulting services to the Energy, Resources & Utilities industries. MRE specializes in business advisory and digital transformation for Energy/Commodity Trading and Risk Management (E/CTRM). (https://mre-consulting.com) MRE Consulting, headquartered in Houston, Texas, offers proprietary E/CTRM business process frameworks spanning multiple commodities, transportation modes and business models. These frameworks serve as the foundation for commodity trading projects, accelerating vendor selection, solution design and implementation. MRE Consulting is primarily owned by Founders and Management. Last 3 years’ Revenues (Fiscal year ending December 31st): FY24: USD 63.5 million, FY23: USD 61.8 million, FY22: USD 56.7 million. Infosys to Acquire Leading Cybersecurity Services Provider The Missing Link Acquisition strengthens Infosys’ cybersecurity and cloud capabilities across Australia and Asia Bengaluru, India and Sydney, Australia – April 17, 2024:  Infosys (NSE, BSE, NYSE: INFY),  a global leader in next-generation digital services and consulting, today announced a definitive agreement to acquire", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "Introduction", "subsection": "Infosys to Acquire Leading Cybersecurity Services Provider The Missing Link", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ac6f8f407cb8c520"}, {"chunk_id": "70c2a93d441044ac", "content": "leader in next-generation digital services and consulting, today announced a definitive agreement to acquire The Missing Link, an award winning Australian cybersecurity services specialist firm with capabilities across the full stack of cyber solutions. This strategic investment further strengthens Infosys’ cybersecurity capabilities, while bolstering its presence in the fast-growing Australian market, and reaffirms its continued commitment to global clients to navigate their digital transformation journey. Headquartered in Australia, The Missing Link brings to Infosys, a group of highly skilled cybersecurity professionals consisting of Red Team, Blue Team, and a state-of-the-art Global Security Operations Centre (GSOC) adding to the network of Infosys’ global cyber defense centers. The Missing Link’s accomplished cybersecurity practice provides strategic advice, offensive and defensive security services and tactical support, cybersecurity risk assessments & compliance, and managed services. The company has been serving leading global enterprises in collaboration with market leading technology products, further complemented by its innovative proprietary solutions and accelerators. Their solutions help protect networks, secure assets and equip staff with the tools to mitigate cyber-attacks. Together, Infosys and The", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "Introduction", "subsection": "Infosys to Acquire Leading Cybersecurity Services Provider The Missing Link", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ac6f8f407cb8c520"}, {"chunk_id": "52034f9b23474e53", "content": "complemented by its innovative proprietary solutions and accelerators. Their solutions help protect networks, secure assets and equip staff with the tools to mitigate cyber-attacks. Together, Infosys and The Missing Link will be able to offer clients cutting-edge full-stack cybersecurity services covering all aspects of a customer’s business, data, systems and networks. Satish HC, EVP, Chief Delivery Officer, Infosys, said, “Technology led transformation and securing the enterprise are amongst the highest priorities for global corporations.Together with The Missing Link, and our cloud offering Infosys Cobalt, we aim to usher in the  new wave of differentiated value to customers, with specialized end-to-end cybersecurity offerings and solutions. We are excited to welcome The Missing Link and their leadership team to Infosys.” Alex Gambotto, Founder & CEO, The Missing Link said, “As we take this exciting next step in our journey, I am proud of all we have accomplished together over the last 27 years. Our team has worked tirelessly to build a company that delivers excellence, innovation, and value to our clients and partners with our core ethos of under promise and overdeliver. I am thrilled that The Missing Link will be joining Infosys. This acquisition marks a significant milestone for us, allowing The Missing Link to leverage the immense", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "Introduction", "subsection": "Infosys to Acquire Leading Cybersecurity Services Provider The Missing Link", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ac6f8f407cb8c520"}, {"chunk_id": "64fd481d8ca8558d", "content": "ethos of under promise and overdeliver. I am thrilled that The Missing Link will be joining Infosys. This acquisition marks a significant milestone for us, allowing The Missing Link to leverage the immense expertise, platforms, and global reach of Infosys to better serve our customers and expand our capabilities. While our ownership may change, our commitment to delivering top-tier solutions remains unwavering. We are confident that together, we can create even greater value for all our clients, partners, and team.” Investment Bank TH Global Capital advised The Missing Link on the transaction. The acquisition is expected to close during the first quarter of fiscal year 2026 (i.e. quarter ending June 30, 2025), subject to customary closing conditions. About The Missing Link Established in 1997, The Missing Link was born from a vision to help businesses achieve their goals with the right IT solutions and services. Headquartered in Australia, The Missing Link is a cybersecurity and cloud services specialist, delivering services across the entire spectrum of IT strategy, technology roadmap, project management, cybersecurity, risks assessments & mitigation and automation services. Their highly skilled team of IT specialists includes Cybersecurity, IT Infrastructure/Cloud and Robotic Process", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "Introduction", "subsection": "Infosys to Acquire Leading Cybersecurity Services Provider The Missing Link", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ac6f8f407cb8c520"}, {"chunk_id": "60dffc560e96a7f2", "content": "Automation & Generative AI experts, with many years of experience and a commitment to delivering first- class solutions that exceed customers’ expectations. About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace. Visit www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise navigate your next. Safe Harbor Certain statements in this release concerning our future growth prospects, or our future financial or operating performance, are forward-looking statements intended to qualify for the 'safe harbor' under the", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "Introduction", "subsection": "Mitsubishi Heavy Industries joins Infosys-led JV in Japan, HIPUS", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2eba491aa38b8c86"}, {"chunk_id": "a5d7d2f7398a5ca4", "content": "operating performance, are forward-looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, our ability to attract and retain personnel, our transition to hybrid work model, economic uncertainties, technological innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, and cybersecurity matters. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2023. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "Introduction", "subsection": "Mitsubishi Heavy Industries joins Infosys-led JV in Japan, HIPUS", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2eba491aa38b8c86"}, {"chunk_id": "2ac5114b1bfb9962", "content": "These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law. Media Contacts: For further information, please contact: PR_Global@infosys.com Disclosure under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: - Name of the target entity Target Entity: The Missing Link Security Pty Ltd, The Missing Link Network Integration Pty Ltd., The Missing Link Automation Pty Ltd. (together referred to as “The Missing Link”). Acquirer: Infosys Singapore Pte Ltd., a wholly owned subsidiary of Infosys Limited. To consummate the above transaction Infosys Singapore Pte Ltd. will incorporate a wholly owned subsidiary in Australia. Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? Industry to which the entity being acquired belongs Cybersecurity services Objects and effects of acquisition The acquisition strengthens Infosys cybersecurity services bolstering its presence in the fast-growing Australian market", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "Introduction", "subsection": "Mitsubishi Heavy Industries joins Infosys-led JV in Japan, HIPUS", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2eba491aa38b8c86"}, {"chunk_id": "b838c5032b28ed68", "content": "acquired belongs Cybersecurity services Objects and effects of acquisition The acquisition strengthens Infosys cybersecurity services bolstering its presence in the fast-growing Australian market and reaffirms its continued commitment to global clients to navigate their digital transformation journey. Technology led transformation and Securing the Enterprise are amongst the highest priorities for global corporations. Together with The Missing Link, and Infosys’ cloud offering Infosys Cobalt, we aim to usher in the  new wave of differentiated value to customers, with specialized end-to-end cybersecurity offerings and solutions. The Missing Link brings to Infosys, a group of highly skilled cybersecurity professionals consisting of Red Team, Blue Team, and a state-of-the-art Global Security Operations Centre (GSOC) adding to the network of Infosys’ global cyber defense centers. Any governmental or regulatory approvals required for the acquisition Foreign Investment Review Board (Australia) approval received on February 11, 2025. No other regulatory approval is required. Indicative time period for completion of the acquisition The acquisition of The Missing Link entities is expected to close during the first quarter of fiscal 2026, subject to customary closing conditions. Nature of consideration Cash Cost of acquisition or the price at which the shares are acquired; Up to AUD 98 million, including upfront and earnouts,", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "Introduction", "subsection": "Mitsubishi Heavy Industries joins Infosys-led JV in Japan, HIPUS", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2eba491aa38b8c86"}, {"chunk_id": "931ee5c7f0292354", "content": "customary closing conditions. Nature of consideration Cash Cost of acquisition or the price at which the shares are acquired; Up to AUD 98 million, including upfront and earnouts, excluding management incentives, and retention bonus. Percentage of holding 100% of the equity share capital in The Missing Link Brief Background Established in 1997, The Missing Link is a leading cyber security services provider. The Missing Link with 200+ professionals, delivers cybersecurity and technology services across the entire spectrum of IT strategy, technology roadmap, project management, cybersecurity, risks assessments & mitigation and automation services. Headquartered in Australia, Missing Link’s accomplished cybersecurity practice provides strategic advice, offensive and defensive security services and tactical support, cybersecurity risk assessments & compliance, and managed services. The company has been serving leading global enterprises in collaboration with market leading technology products, further complemented by its innovative proprietary solutions and accelerators. (https://www.themissinglink.com.au/) The Missing Link is primarily owned by Founders and Management. Last 3 years’ Revenues (Fiscal year ending June 30): FY24: AUD 43.2 million; FY23: AUD 38.4 million, FY22: AUD 30.2 million. Mitsubishi Heavy Industries joins Infosys-led JV in Japan, HIPUS", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "Introduction", "subsection": "Mitsubishi Heavy Industries joins Infosys-led JV in Japan, HIPUS", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2eba491aa38b8c86"}, {"chunk_id": "2e218af11009e989", "content": "JV to accelerate business process transformation for enterprises leveraging digital procurement platforms Bengaluru, India and Tokyo, Japan – April 17, 2025 – Infosys (NSE, BSE, NYSE: INFY),  a global leader in next-generation digital services and consulting, today announced Mitsubishi Heavy Industries (MHI) has invested in the Infosys-led Joint Venture HIPUS, enhancing Infosys’ presence in Japan. MHI is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense, and has established corporations like Hitachi Ltd., Panasonic Corporation and Pasona. HIPUS, in which Infosys owns a majority stake, was set up in 2019, to drive high-quality, end-to-end procurement processes along with sourcing and category expertise, leveraging next-generation digital platforms for Japanese corporations. MHI has been a longstanding customer of HIPUS and has now expanded the collaboration by acquiring a  2 percent stake from Infosys. Through this investment MHI aims to further explore new business opportunities in the region. Anantha Radhakrishnan, CEO and MD, Infosys BPM, and Chairperson, HIPUS  Board said, “Japan continues to be a strategic market for Infosys and HIPUS and we have consistently expanded our footprint in the region. This collaboration with MHI reinforces Infosys’ commitment towards building trusted", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "Introduction", "subsection": "JV to accelerate business process transformation for enterprises leveraging digital procurement \nplatforms \n  \nBengaluru, India and Tokyo, Japan – April 17, 2025 – Infosys (NSE, BSE, NYSE: INFY),  a global leader \nin next-generation digital services and consulting, today announced Mitsubishi Heavy Industries (MHI) has \ninvested in the Infosys-led Joint Venture HIPUS, enhancing Infosys’ presence in Japan. MHI is one of the \nworld’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace \nand defense, and has established corporations like Hitachi Ltd., Panasonic Corporation and Pasona. \n  \nHIPUS, in which Infosys owns a majority stake, was set up in 2019, to drive high-quality, end-to-end \nprocurement processes along with sourcing and category expertise, leveraging next-generation digital \nplatforms for Japanese corporations. \n  \nMHI has been a longstanding customer of HIPUS and has now expanded the collaboration by acquiring \na  2 percent stake from Infosys. Through this investment MHI aims to further explore new business \nopportunities in the region. \n  \nAnantha Radhakrishnan, CEO and MD, Infosys BPM, and Chairperson, HIPUS  Board said, “Japan \ncontinues to be a strategic market for Infosys and HIPUS and we have consistently expanded our footprint \nin the region. This collaboration with MHI reinforces Infosys’ commitment towards building trusted \ncollaboration with customers in Japan and accelerating their digital business process transformation \njourney. Infosys is excited to welcome Mitsubishi Heavy Industries to HIPUS.” \n  \nIsao Miyake, Head, Value Chain Headquarters, Mitsubishi Heavy Industries, said, “In our company’s \nongoing efforts to upgrade procurement activities through a data-driven strategy, we expect HIPUS \nadvanced analytics and support to significantly improve procurement operations, enable well informed \ndecision making, and generate greater value across the organization.” \n  \nKiyoshi Asami, CEO and Representative Director, HIPUS, said, “MHI has become an important client \nfor HIPUS receiving a wide range of services. HIPUS is also executing MHI services beyond Japan, \nleveraging Infosys’ global presence as well as its strong sourcing and procurement services. We are \nextremely delighted that MHI has decided to invest in HIPUS and we look forward to an impactful \ncollaboration.” \n \nThe transaction is expected to close during the first quarter of fiscal year 2026 (i.e. quarter ending June 30, \n2025), subject to customary closing conditions. \n \nAbout Mitsubishi Heavy Industries (MHI) Group \nMitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, \nsmart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge \ntechnology with deep experience to deliver innovative, integrated solutions that help to realize a carbon \nneutral world, improve the quality of life and ensure a safer world. For more information, please \nvisit www.mhi.com", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1c792463d2c1fd46"}, {"chunk_id": "c5c04f092d2a28c0", "content": "continues to be a strategic market for Infosys and HIPUS and we have consistently expanded our footprint in the region. This collaboration with MHI reinforces Infosys’ commitment towards building trusted collaboration with customers in Japan and accelerating their digital business process transformation journey. Infosys is excited to welcome Mitsubishi Heavy Industries to HIPUS.” Isao Miyake, Head, Value Chain Headquarters, Mitsubishi Heavy Industries, said, “In our company’s ongoing efforts to upgrade procurement activities through a data-driven strategy, we expect HIPUS advanced analytics and support to significantly improve procurement operations, enable well informed decision making, and generate greater value across the organization.” Kiyoshi Asami, CEO and Representative Director, HIPUS, said, “MHI has become an important client for HIPUS receiving a wide range of services. HIPUS is also executing MHI services beyond Japan, leveraging Infosys’ global presence as well as its strong sourcing and procurement services. We are extremely delighted that MHI has decided to invest in HIPUS and we look forward to an impactful collaboration.” The transaction is expected to close during the first quarter of fiscal year 2026 (i.e. quarter ending June 30, 2025), subject to customary closing conditions. About Mitsubishi Heavy Industries (MHI) Group", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "Introduction", "subsection": "JV to accelerate business process transformation for enterprises leveraging digital procurement \nplatforms \n  \nBengaluru, India and Tokyo, Japan – April 17, 2025 – Infosys (NSE, BSE, NYSE: INFY),  a global leader \nin next-generation digital services and consulting, today announced Mitsubishi Heavy Industries (MHI) has \ninvested in the Infosys-led Joint Venture HIPUS, enhancing Infosys’ presence in Japan. MHI is one of the \nworld’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace \nand defense, and has established corporations like Hitachi Ltd., Panasonic Corporation and Pasona. \n  \nHIPUS, in which Infosys owns a majority stake, was set up in 2019, to drive high-quality, end-to-end \nprocurement processes along with sourcing and category expertise, leveraging next-generation digital \nplatforms for Japanese corporations. \n  \nMHI has been a longstanding customer of HIPUS and has now expanded the collaboration by acquiring \na  2 percent stake from Infosys. Through this investment MHI aims to further explore new business \nopportunities in the region. \n  \nAnantha Radhakrishnan, CEO and MD, Infosys BPM, and Chairperson, HIPUS  Board said, “Japan \ncontinues to be a strategic market for Infosys and HIPUS and we have consistently expanded our footprint \nin the region. This collaboration with MHI reinforces Infosys’ commitment towards building trusted \ncollaboration with customers in Japan and accelerating their digital business process transformation \njourney. Infosys is excited to welcome Mitsubishi Heavy Industries to HIPUS.” \n  \nIsao Miyake, Head, Value Chain Headquarters, Mitsubishi Heavy Industries, said, “In our company’s \nongoing efforts to upgrade procurement activities through a data-driven strategy, we expect HIPUS \nadvanced analytics and support to significantly improve procurement operations, enable well informed \ndecision making, and generate greater value across the organization.” \n  \nKiyoshi Asami, CEO and Representative Director, HIPUS, said, “MHI has become an important client \nfor HIPUS receiving a wide range of services. HIPUS is also executing MHI services beyond Japan, \nleveraging Infosys’ global presence as well as its strong sourcing and procurement services. We are \nextremely delighted that MHI has decided to invest in HIPUS and we look forward to an impactful \ncollaboration.” \n \nThe transaction is expected to close during the first quarter of fiscal year 2026 (i.e. quarter ending June 30, \n2025), subject to customary closing conditions. \n \nAbout Mitsubishi Heavy Industries (MHI) Group \nMitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, \nsmart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge \ntechnology with deep experience to deliver innovative, integrated solutions that help to realize a carbon \nneutral world, improve the quality of life and ensure a safer world. For more information, please \nvisit www.mhi.com", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1c792463d2c1fd46"}, {"chunk_id": "ecbd1644a4b607dd", "content": "The transaction is expected to close during the first quarter of fiscal year 2026 (i.e. quarter ending June 30, 2025), subject to customary closing conditions. About Mitsubishi Heavy Industries (MHI) Group Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com About HiPUS HIPUS Co., Ltd. promotes business process transformation and provide total procurement solutions with the procurement know-how cultivated over many years in the Hitachi Group as our business core. Since April 2019, Infosys has become our parent company, and we provide new, cutting-edge services that combine global knowledge and domestic skills in procurement processes, consulting, analytics, Gen AI, and other digital technology services. For more information, please visit https://www.hipus.com. About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "Introduction", "subsection": "JV to accelerate business process transformation for enterprises leveraging digital procurement \nplatforms \n  \nBengaluru, India and Tokyo, Japan – April 17, 2025 – Infosys (NSE, BSE, NYSE: INFY),  a global leader \nin next-generation digital services and consulting, today announced Mitsubishi Heavy Industries (MHI) has \ninvested in the Infosys-led Joint Venture HIPUS, enhancing Infosys’ presence in Japan. MHI is one of the \nworld’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace \nand defense, and has established corporations like Hitachi Ltd., Panasonic Corporation and Pasona. \n  \nHIPUS, in which Infosys owns a majority stake, was set up in 2019, to drive high-quality, end-to-end \nprocurement processes along with sourcing and category expertise, leveraging next-generation digital \nplatforms for Japanese corporations. \n  \nMHI has been a longstanding customer of HIPUS and has now expanded the collaboration by acquiring \na  2 percent stake from Infosys. Through this investment MHI aims to further explore new business \nopportunities in the region. \n  \nAnantha Radhakrishnan, CEO and MD, Infosys BPM, and Chairperson, HIPUS  Board said, “Japan \ncontinues to be a strategic market for Infosys and HIPUS and we have consistently expanded our footprint \nin the region. This collaboration with MHI reinforces Infosys’ commitment towards building trusted \ncollaboration with customers in Japan and accelerating their digital business process transformation \njourney. Infosys is excited to welcome Mitsubishi Heavy Industries to HIPUS.” \n  \nIsao Miyake, Head, Value Chain Headquarters, Mitsubishi Heavy Industries, said, “In our company’s \nongoing efforts to upgrade procurement activities through a data-driven strategy, we expect HIPUS \nadvanced analytics and support to significantly improve procurement operations, enable well informed \ndecision making, and generate greater value across the organization.” \n  \nKiyoshi Asami, CEO and Representative Director, HIPUS, said, “MHI has become an important client \nfor HIPUS receiving a wide range of services. HIPUS is also executing MHI services beyond Japan, \nleveraging Infosys’ global presence as well as its strong sourcing and procurement services. We are \nextremely delighted that MHI has decided to invest in HIPUS and we look forward to an impactful \ncollaboration.” \n \nThe transaction is expected to close during the first quarter of fiscal year 2026 (i.e. quarter ending June 30, \n2025), subject to customary closing conditions. \n \nAbout Mitsubishi Heavy Industries (MHI) Group \nMitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, \nsmart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge \ntechnology with deep experience to deliver innovative, integrated solutions that help to realize a carbon \nneutral world, improve the quality of life and ensure a safer world. For more information, please \nvisit www.mhi.com", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1c792463d2c1fd46"}, {"chunk_id": "85aa48ca0349cdb6", "content": "work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace. Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next. Safe Harbor Certain statements in this release concerning our future growth prospects, or our future financial or operating performance, are forward-looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "Introduction", "subsection": "JV to accelerate business process transformation for enterprises leveraging digital procurement \nplatforms \n  \nBengaluru, India and Tokyo, Japan – April 17, 2025 – Infosys (NSE, BSE, NYSE: INFY),  a global leader \nin next-generation digital services and consulting, today announced Mitsubishi Heavy Industries (MHI) has \ninvested in the Infosys-led Joint Venture HIPUS, enhancing Infosys’ presence in Japan. MHI is one of the \nworld’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace \nand defense, and has established corporations like Hitachi Ltd., Panasonic Corporation and Pasona. \n  \nHIPUS, in which Infosys owns a majority stake, was set up in 2019, to drive high-quality, end-to-end \nprocurement processes along with sourcing and category expertise, leveraging next-generation digital \nplatforms for Japanese corporations. \n  \nMHI has been a longstanding customer of HIPUS and has now expanded the collaboration by acquiring \na  2 percent stake from Infosys. Through this investment MHI aims to further explore new business \nopportunities in the region. \n  \nAnantha Radhakrishnan, CEO and MD, Infosys BPM, and Chairperson, HIPUS  Board said, “Japan \ncontinues to be a strategic market for Infosys and HIPUS and we have consistently expanded our footprint \nin the region. This collaboration with MHI reinforces Infosys’ commitment towards building trusted \ncollaboration with customers in Japan and accelerating their digital business process transformation \njourney. Infosys is excited to welcome Mitsubishi Heavy Industries to HIPUS.” \n  \nIsao Miyake, Head, Value Chain Headquarters, Mitsubishi Heavy Industries, said, “In our company’s \nongoing efforts to upgrade procurement activities through a data-driven strategy, we expect HIPUS \nadvanced analytics and support to significantly improve procurement operations, enable well informed \ndecision making, and generate greater value across the organization.” \n  \nKiyoshi Asami, CEO and Representative Director, HIPUS, said, “MHI has become an important client \nfor HIPUS receiving a wide range of services. HIPUS is also executing MHI services beyond Japan, \nleveraging Infosys’ global presence as well as its strong sourcing and procurement services. We are \nextremely delighted that MHI has decided to invest in HIPUS and we look forward to an impactful \ncollaboration.” \n \nThe transaction is expected to close during the first quarter of fiscal year 2026 (i.e. quarter ending June 30, \n2025), subject to customary closing conditions. \n \nAbout Mitsubishi Heavy Industries (MHI) Group \nMitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, \nsmart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge \ntechnology with deep experience to deliver innovative, integrated solutions that help to realize a carbon \nneutral world, improve the quality of life and ensure a safer world. For more information, please \nvisit www.mhi.com", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1c792463d2c1fd46"}, {"chunk_id": "a94f72489168c66a", "content": "could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid work model, economic uncertainties and geo-political situations, technological disruptions and innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, and cybersecurity matters. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2024. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "Introduction", "subsection": "JV to accelerate business process transformation for enterprises leveraging digital procurement \nplatforms \n  \nBengaluru, India and Tokyo, Japan – April 17, 2025 – Infosys (NSE, BSE, NYSE: INFY),  a global leader \nin next-generation digital services and consulting, today announced Mitsubishi Heavy Industries (MHI) has \ninvested in the Infosys-led Joint Venture HIPUS, enhancing Infosys’ presence in Japan. MHI is one of the \nworld’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace \nand defense, and has established corporations like Hitachi Ltd., Panasonic Corporation and Pasona. \n  \nHIPUS, in which Infosys owns a majority stake, was set up in 2019, to drive high-quality, end-to-end \nprocurement processes along with sourcing and category expertise, leveraging next-generation digital \nplatforms for Japanese corporations. \n  \nMHI has been a longstanding customer of HIPUS and has now expanded the collaboration by acquiring \na  2 percent stake from Infosys. Through this investment MHI aims to further explore new business \nopportunities in the region. \n  \nAnantha Radhakrishnan, CEO and MD, Infosys BPM, and Chairperson, HIPUS  Board said, “Japan \ncontinues to be a strategic market for Infosys and HIPUS and we have consistently expanded our footprint \nin the region. This collaboration with MHI reinforces Infosys’ commitment towards building trusted \ncollaboration with customers in Japan and accelerating their digital business process transformation \njourney. Infosys is excited to welcome Mitsubishi Heavy Industries to HIPUS.” \n  \nIsao Miyake, Head, Value Chain Headquarters, Mitsubishi Heavy Industries, said, “In our company’s \nongoing efforts to upgrade procurement activities through a data-driven strategy, we expect HIPUS \nadvanced analytics and support to significantly improve procurement operations, enable well informed \ndecision making, and generate greater value across the organization.” \n  \nKiyoshi Asami, CEO and Representative Director, HIPUS, said, “MHI has become an important client \nfor HIPUS receiving a wide range of services. HIPUS is also executing MHI services beyond Japan, \nleveraging Infosys’ global presence as well as its strong sourcing and procurement services. We are \nextremely delighted that MHI has decided to invest in HIPUS and we look forward to an impactful \ncollaboration.” \n \nThe transaction is expected to close during the first quarter of fiscal year 2026 (i.e. quarter ending June 30, \n2025), subject to customary closing conditions. \n \nAbout Mitsubishi Heavy Industries (MHI) Group \nMitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, \nsmart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge \ntechnology with deep experience to deliver innovative, integrated solutions that help to realize a carbon \nneutral world, improve the quality of life and ensure a safer world. For more information, please \nvisit www.mhi.com", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1c792463d2c1fd46"}, {"chunk_id": "c4948bd5622a806d", "content": "on Form 20-F for the fiscal year ended March 31, 2024. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law. Media Contacts: For further information, please contact: PR_Global@infosys.com Disclosure under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: - Name(s) of parties with whom the agreement is entered Infosys Singapore Pte Ltd. (“Infosys Singapore”), a wholly owned subsidiary of Infosys Limited (“Infosys”) and Mitsubishi Heavy Industries Ltd. (Mitsubishi), one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense, Hitachi Ltd.(“Hitachi”), Panasonic Corporation (“Panasonic”) and Pasona Inc. (“Pasona”).", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "Introduction", "subsection": "JV to accelerate business process transformation for enterprises leveraging digital procurement \nplatforms \n  \nBengaluru, India and Tokyo, Japan – April 17, 2025 – Infosys (NSE, BSE, NYSE: INFY),  a global leader \nin next-generation digital services and consulting, today announced Mitsubishi Heavy Industries (MHI) has \ninvested in the Infosys-led Joint Venture HIPUS, enhancing Infosys’ presence in Japan. MHI is one of the \nworld’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace \nand defense, and has established corporations like Hitachi Ltd., Panasonic Corporation and Pasona. \n  \nHIPUS, in which Infosys owns a majority stake, was set up in 2019, to drive high-quality, end-to-end \nprocurement processes along with sourcing and category expertise, leveraging next-generation digital \nplatforms for Japanese corporations. \n  \nMHI has been a longstanding customer of HIPUS and has now expanded the collaboration by acquiring \na  2 percent stake from Infosys. Through this investment MHI aims to further explore new business \nopportunities in the region. \n  \nAnantha Radhakrishnan, CEO and MD, Infosys BPM, and Chairperson, HIPUS  Board said, “Japan \ncontinues to be a strategic market for Infosys and HIPUS and we have consistently expanded our footprint \nin the region. This collaboration with MHI reinforces Infosys’ commitment towards building trusted \ncollaboration with customers in Japan and accelerating their digital business process transformation \njourney. Infosys is excited to welcome Mitsubishi Heavy Industries to HIPUS.” \n  \nIsao Miyake, Head, Value Chain Headquarters, Mitsubishi Heavy Industries, said, “In our company’s \nongoing efforts to upgrade procurement activities through a data-driven strategy, we expect HIPUS \nadvanced analytics and support to significantly improve procurement operations, enable well informed \ndecision making, and generate greater value across the organization.” \n  \nKiyoshi Asami, CEO and Representative Director, HIPUS, said, “MHI has become an important client \nfor HIPUS receiving a wide range of services. HIPUS is also executing MHI services beyond Japan, \nleveraging Infosys’ global presence as well as its strong sourcing and procurement services. We are \nextremely delighted that MHI has decided to invest in HIPUS and we look forward to an impactful \ncollaboration.” \n \nThe transaction is expected to close during the first quarter of fiscal year 2026 (i.e. quarter ending June 30, \n2025), subject to customary closing conditions. \n \nAbout Mitsubishi Heavy Industries (MHI) Group \nMitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, \nsmart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge \ntechnology with deep experience to deliver innovative, integrated solutions that help to realize a carbon \nneutral world, improve the quality of life and ensure a safer world. For more information, please \nvisit www.mhi.com", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1c792463d2c1fd46"}, {"chunk_id": "5824f7b8e5cc9c6f", "content": "HIPUS Co. Ltd.(“HIPUS”), a joint venture (JV) between Infosys Singapore, Hitachi, Panasonic and Pasona. Infosys Singapore currently owns 81% stake in the JV, Hitachi 15%, Panasonic 2%, and Pasona 2%. Purpose of entering into the agreement HIPUS, Infosys’ led Joint Venture in Japan aims to accelerate business process transformation for enterprises leveraging digital procurement platforms. Mitsubishi has been a longstanding customer of HIPUS and has now expanded the collaboration by acquiring a 2 percent stake from Infosys Singapore in the joint venture. Japan continues to be a strategic market for Infosys and Infosys has consistently expanded its footprint in the region. This collaboration with Mitsubishi reinforces Infosys’ commitment towards building trusted collaboration with customers in Japan and accelerating their digital business process transformation journey. Shareholding, if any, in the entity with whom the agreement is executed Significant terms of the agreement (in brief) special rights like right to appoint directors, first right to share subscription in case of issuance of shares, right to restrict any change in capital structure etc. Infosys Singapore to divest 2% stake at JPY 150mn to Mitsubishi. Whether the said parties are related to promoter/promoter group/ group companies in any manner. If yes, nature of relationship; Whether the transaction would fall within related party transactions? If yes, whether the same is done at “arm’s length”;", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "Introduction", "subsection": "Particulars \nDetails", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d27dd1a038d064fa"}, {"chunk_id": "1d0c5ecb5bf29906", "content": "promoter/promoter group/ group companies in any manner. If yes, nature of relationship; Whether the transaction would fall within related party transactions? If yes, whether the same is done at “arm’s length”; In case of issuance of shares to the parties, details of issue price, class of shares issued; Any other disclosures related to such agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreements, etc.; In case of termination or amendment of agreement, listed entity shall disclose additional details to the stock exchange(s): a) Infosys Singapore, Hitachi, Panasonic, Pasona and Mitsubishi b) Shareholder Agreement. a) name of parties to the agreement; b) nature of the agreement; d) Amendment to the existing Shareholder agreement of HIPUS executed on December 14 2018 between Infosys Singapore, Hitachi, Panasonic and Pasona for the addition of Mitsubishi as a shareholder to the extent of 2% shares and reducing Infosys Singapore’s percentage of equity shareholding from 81% to 79%. c) date of execution of the agreement; d) details of amendment and impact thereof or reasons of termination and impact thereof. The transaction is expected to close during the first quarter of fiscal year 2026 (i.e. quarter ending 30th Jun 2025), subject to customary closing conditions. Annexure IV Disclosure under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: - 1. Reason for Change", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "Introduction", "subsection": "Particulars \nDetails", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d27dd1a038d064fa"}, {"chunk_id": "fd7a7fd32adb9466", "content": "subject to customary closing conditions. Annexure IV Disclosure under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: - 1. Reason for Change Appointment of Makarand M. Joshi & Co, Peer Reviewed Firm of Company Secretaries in Practice (Firm registration number: P2009MH007000), as Secretarial Auditors of the Company. 2. Date of appointment The Board at its meeting held on April 17, 2025, approved the appointment of Makarand M. Joshi & Co., as Secretarial Auditors, for an audit period of five consecutive years commencing from FY 2025-26 till FY 2029-30, subject to approval of the shareholders at the ensuing Annual General Meeting. 3. Brief Profile (in case of and term of appointment M/s. Makarand M. Joshi & Co. (MMJC) is a leading firm of practicing Company Secretaries with over 25 years of experience in delivering comprehensive professional services across Corporate Laws, SEBI Regulations and FEMA Regulations. Their expertise includes conducting Secretarial Audits, Due Diligence Audits, Compliance Audits etc. 4. Disclosure of relationships between directors (in case of appointment of a director)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "Introduction", "subsection": "Particulars \nDetails", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d27dd1a038d064fa"}, {"chunk_id": "2e39200f3976786e", "content": "Revenue Growth- Q4 25 Reported CC -4.2% -3.5% 3.6% 4.8% QoQ growth (%) YoY growth (%) Revenues by Business Segments Mar 31, 2025 Dec 31, 2024 Mar 31, 2024 Reported CC 28.4 27.8 26.4 11.4 12.6 15.9 15.5 14.7 12.1 14.0 13.3 13.8 14.3 (3.8) (2.6) 13.0 13.5 13.4 0.6 1.5 11.7 11.2 12.3 (1.3) 0.0 8.3 7.9 8.7 (1.6) (1.1) 6.8 7.6 7.3 (3.9) (3.4) 2.6 2.7 2.9 (4.6) (2.8) 100.0 100.0 100.0 3.6 4.8 Total Quarter ended YoY Growth Financial services Manufacturing Retail Energy, Utilities, Resources & Services Communication Hi-Tech Life Sciences Others Revenues by Client Geography Mar 31, 2025 Dec 31, 2024 Mar 31, 2024 Reported CC 57.1 58.4 59.6 (0.8) (0.4) 31.2 29.8 28.6 12.9 15.0 8.8 8.7 9.6 (4.5) (2.2) 2.9 3.1 2.2 39.0 43.7 100.0 100.0 100.0 3.6 4.8 India Total Quarter ended YoY Growth North America Europe Rest of the world Mar 31, 2025 Dec 31, 2024 Mar 31, 2024 Active Added during the period (gross) Number of Million dollar clients^ 1,869 1,876 1,882 91 101 98 1 Million dollar + 10 Million dollar + 50 Million dollar + 100 Million dollar + Client contribution to revenues 992 997 959 309 301 315 85 89 83 39 41 40 Top 5 clients Top 10 clients Top 25 clients Days Sales Outstanding^ 13.1% 12.7% 13.6% 20.7% 19.9% 20.4% 34.8% 34.2% 34.3% 69 74 71 *EPS Increase post normalisation of Income Tax refunds ^LTM (Last twelve months) Revenues", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "Free  \nCash Flow", "subsection": "*EPS Increase post normalisation of Income Tax refunds \n^LTM (Last twelve months) Revenues", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bf02d6d57de05b60"}, {"chunk_id": "15dca4492e2d5651", "content": "Fact Sheet Consolidated Financial Data - Second Quarter, Fiscal 2023 Effort & Utilization – Consolidated IT Services (in %) Mar 31, 2025 Dec 31, 2024 Mar 31, 2024 Onsite Offshore Utilization 23.6 24.0 24.2 76.4 76.0 75.8 81.9 83.4 82.0 84.9 86.0 83.5 Including trainees Excluding trainees Mar 31, 2025 Dec 31, 2024 Mar 31, 2024 323,578 323,379 317,240 306,599 306,528 299,814 16,979 16,851 17,426 14.1% 13.7% 12.6% 39.0% 39.0% 39.3% Voluntary Attrition % (LTM - IT Services) % of Women Employees Total employees S/W professionals Sales & Support Mar 31, 2025 Dec 31, 2024 Mar 31, 2024 892 1,263 848 5,562 4,653 4,676 Consolidated cash and investments (2) Mar 31, 2025 Dec 31, 2024 Mar 31, 2024 7,737 10,647 7,032 47,549 39,836 39,005 Free cash flow (1) Consolidated cash and investments (2) (1) Free cash flow is defined as net cash provided by operating activities less capital expenditure as per the consolidated statement of cash flows prepared under IFRS (Non-IFRS measure) (2) Consolidated cash and investments comprise of cash and cash equivalents, current and non-current investments excluding investments in equity and preference shares and others (Non-IFRS measure)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Free cash flow is defined as net cash provided by operating activities less capital expenditure as per the consolidated statement of cash flows prepared under IFRS \n(Non-IFRS measure) \n(2) Consolidated cash and investments comprise of cash and cash equivalents, current and non-current investments excluding investments in equity and preference \nshares and others (Non-IFRS measure)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "681f20f346db0eed"}, {"chunk_id": "221d009b8de140d9", "content": "Fact Sheet Consolidated Financial Data - Second Quarter, Fiscal 2023 Consolidated statement of Comprehensive Income for three months ended, (Extracted from IFRS Financial Statement) In US $ million, except per equity share data Particulars Mar 31, 2025 Mar 31, 2024 Growth % YoY Dec 31, 2024 Growth % QoQ 4,730 4,564 3.6% 4,939 -4.2% 3,302 3,219 2.6% 3,444 -4.1% 1,428 1,345 6.2% 1,495 -4.5% Revenues Cost of sales Gross Profit Operating Expenses: Selling and marketing expenses Administrative expenses Total Operating Expenses Operating Profit Operating Margin % Other Income, net(1)(2) 226 209 8.1% 218 3.7% 210 219 -4.1% 224 -6.3% 436 428 1.9% 442 -1.4% 992 917 8.2% 1,053 -5.8% 21.0 20.1 0.9% 21.3 -0.3% 125 315 -60.3% 90 38.9% 1,117 1,232 -9.3% 1,143 -2.3% 303 273 11.0% 337 -10.1% 814 959 -15.2% 806 0.9% 813 958 -15.2% 804 1.1% 0.20 0.23 -15.2% 0.19 1.1% 0.20 0.23 -15.3% 0.19 1.1% 0.26 0.24 10.0% - - Profit before income taxes Income tax expense(2) Net Profit (before minority interest) Net Profit (after minority interest) Basic EPS ($)(2) Consolidated statement of Comprehensive Income for year ended, (Extracted from IFRS Financial Statement) Dividend Per Share ($)(3)(4)(5) In US $ million, except per equity share data Particulars Mar 31, 2025 Mar 31, 2024 Growth % Revenues Cost of sales Gross Profit Operating Expenses: Selling and marketing expenses Administrative expenses 19,277 18,562 3.9% 13,405 12,975 3.3% 5,872 5,587 5.1% 898 842 6.7% 903 911 -0.9% 1,801 1,753 2.7% 4,071 3,834 6.2% 21.1 20.7 0.5% 376 512 -26.6% 4,447 4,346 2.3% 1,285 1,177 9.2% 3,162 3,169 -0.2% 3,158 3,167 -0.3% 0.76 0.77 -0.3% 0.76 0.76 -0.5% 0.51", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 21, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of $38Mn with reversal of net tax provisions amounting to $12Mn in FY’25 and interest income (pre-tax) of $232Mn with reversal \nof net tax provisions amounting to $5Mn in FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, from the Income Tax \nAuthorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately $0.01 for the \nquarter and year ended March 31, 2025 and $0.06 for the quarter and year ended March 31, 2024 \n(3) USD/INR exchange rate of 86.10 considered for Q4’25 \n(4) Dividend excludes special Dividend of $0.10 per share for the quarter and year ended March 31, 2024 \n(5) Dividend Growth (%) calculated in INR terms", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a6ee3b7c781f214a"}, {"chunk_id": "9842e36eb8cb3289", "content": "19,277 18,562 3.9% 13,405 12,975 3.3% 5,872 5,587 5.1% 898 842 6.7% 903 911 -0.9% 1,801 1,753 2.7% 4,071 3,834 6.2% 21.1 20.7 0.5% 376 512 -26.6% 4,447 4,346 2.3% 1,285 1,177 9.2% 3,162 3,169 -0.2% 3,158 3,167 -0.3% 0.76 0.77 -0.3% 0.76 0.76 -0.5% 0.51 0.46 13.2% Operating Profit Operating Margin % Other Income, net(1)(2) Total Operating Expenses Profit before income taxes Income tax expense(2) Net Profit (before minority interest) Net Profit (after minority interest) Basic EPS ($)(2) (1) Other income is net of Finance Cost (2) Includes interest income (pre-tax) of $38Mn with reversal of net tax provisions amounting to $12Mn in FY’25 and interest income (pre-tax) of $232Mn with reversal of net tax provisions amounting to $5Mn in FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, from the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately $0.01 for the quarter and year ended March 31, 2025 and $0.06 for the quarter and year ended March 31, 2024 (3) USD/INR exchange rate of 86.10 considered for Q4’25 (4) Dividend excludes special Dividend of $0.10 per share for the quarter and year ended March 31, 2024 (5) Dividend Growth (%) calculated in INR terms Dividend Per Share ($)(3)(4)(5)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 21, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of $38Mn with reversal of net tax provisions amounting to $12Mn in FY’25 and interest income (pre-tax) of $232Mn with reversal \nof net tax provisions amounting to $5Mn in FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, from the Income Tax \nAuthorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately $0.01 for the \nquarter and year ended March 31, 2025 and $0.06 for the quarter and year ended March 31, 2024 \n(3) USD/INR exchange rate of 86.10 considered for Q4’25 \n(4) Dividend excludes special Dividend of $0.10 per share for the quarter and year ended March 31, 2024 \n(5) Dividend Growth (%) calculated in INR terms", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a6ee3b7c781f214a"}, {"chunk_id": "4d2a8e0b29301a98", "content": "Fact Sheet Consolidated Financial Data - Second Quarter, Fiscal 2023 Consolidated statement of Comprehensive Income for three months ended, (Extracted from IFRS Financial Statement) In ₹ crore, except per equity share data Particulars Mar 31, 2025 Mar 31, 2024 Growth % YoY Dec 31, 2024 Growth % QoQ 40,925 37,923 7.9% 41,764 -2.0% 28,575 26,748 6.8% 29,120 -1.9% 12,350 11,175 10.5% 12,644 -2.3% Cost of sales Revenues Gross Profit Operating Expenses: Selling and marketing expenses Administrative expenses Total Operating Expenses Operating Profit Operating Margin % Other Income, net(1)(2) 1,957 1,735 12.8% 1,839 6.4% 1,818 1,819 -0.1% 1,893 -4.0% 3,775 3,554 6.2% 3,732 1.2% 8,575 7,621 12.5% 8,912 -3.8% 21.0 20.1 0.9% 21.3 -0.3% 1,088 2,619 -58.5% 758 43.5% 9,663 10,240 -5.6% 9,670 -0.1% 2,625 2,265 15.9% 2,848 -7.8% 7,038 7,975 -11.7% 6,822 3.2% 7,033 7,969 -11.7% 6,806 3.3% 16.98 19.25 -11.8% 16.43 3.3% 16.94 19.22 -11.9% 16.39 3.3% 22.00 20.00 10.0% - - Profit before income taxes Income tax expense(2) Net Profit (after minority interest) Net Profit (before minority interest) Consolidated statement of Comprehensive Income for year ended, (Extracted from IFRS Financial Statement) Dividend Per Share (₹)(3) In ₹ crore, except per equity share data Particulars Mar 31, 2025 Mar 31, 2024 Growth % Revenues Cost of sales Gross Profit Operating Expenses: Selling and marketing expenses Administrative expenses Total Operating Expenses Operating Profit 162,990 153,670 6.1% 113,347 107,413 5.5% 49,643 46,257 7.3% 7,588 6,973 8.8% 7,631 7,537 1.2% 15,219 14,510 4.9% 34,424 31,747 8.4% 21.1 20.7 0.5% 3,184 4,241 -24.9% 37,608 35,988 4.5% 10,858 9,740 11.5% 26,750 26,248 1.9% 26,713 26,233 1.8% 64.50 63.39 1.8% 64.34", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 23, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7aa26d1079d3a921"}, {"chunk_id": "32fe2fe3aa51e748", "content": "Operating Profit 162,990 153,670 6.1% 113,347 107,413 5.5% 49,643 46,257 7.3% 7,588 6,973 8.8% 7,631 7,537 1.2% 15,219 14,510 4.9% 34,424 31,747 8.4% 21.1 20.7 0.5% 3,184 4,241 -24.9% 37,608 35,988 4.5% 10,858 9,740 11.5% 26,750 26,248 1.9% 26,713 26,233 1.8% 64.50 63.39 1.8% 64.34 63.29 1.7% 43.00 38.00 13.2% Diluted EPS (₹)(2) Other Income, net(1)(2) Profit before income taxes Income tax expense(2) Net Profit (before minority interest) Net Profit (after minority interest) Basic EPS (₹)(2) (1) Other income is net of Finance Cost (2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 crores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, from the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately ₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 (3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 As the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures reported for the previous quarter might not always add up to the year ended figures reported in this statement. Dividend Per Share (₹)(3) [OCR] Infosys\"", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 23, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7aa26d1079d3a921"}, {"chunk_id": "9cb9d267647513a5", "content": "reported for the previous quarter might not always add up to the year ended figures reported in this statement. Dividend Per Share (₹)(3) [OCR] Infosys\" Navigate your next BSE LIMITED NATIONAL STOCK EXCHANGE OF INDIA LIMITED April 17 , 2025 Dear Sirs/Madam, Sub: Declaration pursuant to Regulation 33(3)d) of the Securities & Exchange Board of India LListing Qbligations and Disclosure Requirements DECLARATION Jayesh Sanghrajka, Chief Financial Officer of Infosys Limited (CIN: L85110KA1981PLCO13115) having its Registered office at Electronics City, Hosur Road, Bengaluru- 560100, India, hereby declare that; the Statutory Auditors of the Company, Deloitte Haskins & Sells LLP (FRN: 117366WI W-100018) have issued an Audit Report with unmodified opinion on the annual Audited Financial Results of the Company (Standalone & Consolidated) for year ended on March 31, 2025. This Declaration is given in compliance to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended and Circular no. CIRICFDICMD/56/2016 May dated 27 2016 Request you to kindly take this declaration on your records_ Yours sincerely, For Infosys Limited 4on Jayesh Sanghrajka Chief Financial Officer INFOSYS LIMITED 44, Infosys Avenue Electronics City; Hosur Road Bengaluru 560 100, India 91 80 2852 0261 91 80 2852 0362 investors@infosyscom wwWInfosyscom", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 23, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7aa26d1079d3a921"}, {"chunk_id": "0266a9b3a09b4e80", "content": "[OCR] Deloitte Chartered Accountants Prestige Trade Tower; Level 19 Haskins & Sells LLP 46, Palace Road; High Grounds Bengaluru-560 001 Karnataka, India Tel: +91 80 6188 6000 Fax: +91 80 6188 6011 INDEPENDENT AUDITOR'S REPORT ON AUDIT OF QUARTERLY AND ANNUAL CONSOLIDATED FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF INFOSYS LIMITED Opinion have audited the We Consolidated   Financial accompanying statement of Results of \"Holding Company\") and its subsidiaries (the Holding Company INFOSYS LIMITED (the and its subsidiaries together referred to as the 'Group\") for the quarter and year ended being 31, 2025 (the 'Statement\"), March submitted by the Holding Company pursuant to the requirements of Regulation 33 of  the SEBI   (Listing Disclosure Obligations and Requirements) Regulations, 2015, as amended (the \"LODR Regulations\") In our opinion and to the best of our information and according to the explanations given to US, the Statement: includes the financial results of the subsidiaries as given in the Annexure to this report; is presented in accordance with the requirements of the LODR Regulations; and (ii) true and fair view in conformity (iii) gives the recognition and with measurement principles Indian   Accounting laid down the Standard 34 \"Interim in Financial Reporting (\"Ind AS 34 prescribed under section 133 of the Companies Act, 2013 (the Act\" read other  accounting relevant rules issued thereunder with and principles generally accepted in India of the consolidated net profit and consolidated", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 25, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6e877cc6d3013c8b"}, {"chunk_id": "86cd33633fb9b48a", "content": "prescribed under section 133 of the Companies Act, 2013 (the Act\" read other  accounting relevant rules issued thereunder with and principles generally accepted in India of the consolidated net profit and consolidated comprehensive income and other financial information of the Group for the other 31, quarter and year ended March 2025. Basis for Opinion We conducted audit in accordance with the Standards on Auditing (\"SA\"s) specified our under Section 143(10) of the Act: Our responsibilities under those Standards are further described in Auditor's Responsibilities for audit of the consolidated financial results section of our report: We are independent of the Group in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (\"ICAI\") together with the ethical requirements that are relevant to our audit of the consolidated financial results for the quarter and year ended March 31, 2025 under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI's Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion. Management's and Board of Directors' Responsibilities for the Statement The Statement, which includes the Consolidated Financial Results is the responsibility of the Holding Company's Board of been approved by them Directors and has for the issuance.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 25, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6e877cc6d3013c8b"}, {"chunk_id": "737bf26d18d48db3", "content": "The Statement, which includes the Consolidated Financial Results is the responsibility of the Holding Company's Board of been approved by them Directors and has for the issuance. The Statement has been compiled from the related audited interim condensed consolidated financial statements for the three months and year ended March 31, 2025 This responsibility includes the preparation and presentation of the Statement that give a true and fair view of the consolidated net profit and consolidated other comprehensive income and other financial information of the Group in accordance with the recognition and measurement principles laid down in the Ind AS 34, prescribed under Section 133 of Regd. Office: One International Center; Tower 3, 31st floor; Senapati Bapat Marg Elphinstone Road (West}; Mumbai-400 013, Maharashtra; India: Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identification No: AAB-8737 [OCR] Deloitte Haskins & Sells LLP the Act; read with other accounting relevant rules issued  thereunder and principles generally accepted India and in the   Listing in compliance with Regulation 33 of Regulations. The respective Board of Directors of the companies included in the Group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Group and for preventing and detecting frauds and", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 25, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6e877cc6d3013c8b"}, {"chunk_id": "8fe73a51350c730b", "content": "for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Group and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that reasonable and prudent; and the design, are maintenance implementation and internal   financial  controls, of adequate that were operating  effectively for   ensuring the accuracy of the accounting and  completeness records, relevant to the preparation and presentation of the respective financial results free that give a true and fair view and are from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of this Statement by the Directors of the Holding Company, as aforesaid. In preparing the Consolidated Financial Results, the respective Board of Directors of the companies included in the Group are responsible for assessing the ability of the respective entities to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate their respective entities or to cease operations, or has no realistic alternative but to do so_ The respective Board of Directors of the companies included in the Group are responsible for overseeing the financial reporting process of the Group.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 25, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6e877cc6d3013c8b"}, {"chunk_id": "f016feb8691202ac", "content": "no realistic alternative but to do so_ The respective Board of Directors of the companies included in the Group are responsible for overseeing the financial reporting process of the Group. Auditor's Responsibilities for audit of the Consolidated Financial Results for the quarter and year ended March 31, 2025 Our   objectives to obtain   reasonable about  whether the Consolidated are assurance Financial Results for the quarter and year ended March 31, 2025,as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is high level of assurance but is not guarantee that an audit conducted in accordance with SAS will always detect a material misstatement when exists. Misstatements it arise from fraud and can or error are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Consolidated Financial Results. As part of accordance audit in with SAS, exercise professional judgment and an we maintain professional skepticism throughout the audit: We also: Identify and assess the risks of material misstatement of the Statement; whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide basis for our The risk of not detecting opinion.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 25, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6e877cc6d3013c8b"}, {"chunk_id": "ebf29608f9fc2801", "content": "to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide basis for our The risk of not detecting opinion. material misstatement resulting from fraud is higher than for one resulting from may involve collusion, forgery, as fraud error, intentional omissions, misrepresentations, or the override of internal control understanding of internal control relevant to the audit in order to design Obtain an audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of such controls Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Board of Directors.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 25, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6e877cc6d3013c8b"}, {"chunk_id": "a2c73517ca23d2d0", "content": "[OCR] Deloitte Haskins & Sells LLP Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the requirements specified under Regulation 33 of the LODR Regulations. Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group to continue as a going concern: If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify opinion. Our conclusions are based on the audit evidence obtained up to the date our of our auditor's report: However, future events conditions may cause the Group to or cease to continue as a going concern. Evaluate the overall presentation, structure and content of the Statement; including the disclosures, and whether the Statement represent the underlying transactions and events in a manner that achieves fair presentation. Perform procedures accordance with the circular in issued by the SEBI under Regulation 33(8) of the LODR Regulations to the extent applicable: Obtain sufficient appropriate audit evidence regarding the Financial Information of the entities within the Group to express an opinion on the Statement: We are responsible", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 28, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d7283ffcf5731687"}, {"chunk_id": "c954f792800ba772", "content": "Obtain sufficient appropriate audit evidence regarding the Financial Information of the entities within the Group to express an opinion on the Statement: We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the Statement of which we are the independent auditors. Materiality is the magnitude of misstatements in the Statement that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable of the Statement consider  quantitative  materiality and be  influenced . user may We qualitative factors in () planning the scope of our audit work and in evaluating the results of our work; and (ii) the effect evaluate of any identified to misstatements in the Statement: We communicate with those charged with governance of the Holding Company and such other entities   included in the Statement of   which the  independent auditors we are regarding, among other matters, the planned scope and timing of the audit and significant audit findings including any significant deficiencies in internal control that we identify during our audit: We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, to communicate with and them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 28, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d7283ffcf5731687"}, {"chunk_id": "7ce1bce9a7976980", "content": "to communicate with and them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm's Registration No. 117366W/W-100018) MAAR Vikas Bagaria Partner (Membership No. 060408) UDIN: Place: Bengaluru Date: April 17, 2025 [OCR] Deloitte Haskins & Sells LLP Annexure to Auditor's Report List of Entities: Infosys Technologies (China) Co. Limited Infosys Technologies S. de R: L. Infosys Technologies (Sweden) AB Infosys Technologies (Shanghai) Company Limited Infosys Nova Holdings LLC; EdgeVerve Systems Limited Infosys Austria GmbH Skava Systems Private Limited (liquidated effective November 14, 2024) Infosys Chile SpA 10. Infosys Arabia Limited (under liquidation) Infosys Consulting Ltda. 11. Infosys Luxembourg S,a.r.l 12. 13 . Infosys Americas Inc: (liquidated effective July 14, 2023) Infosys Public Services, Inc: USA 14. Infosys BPM Limited 15. Infosys (Czech Republic) Limited s.r.0. 16. Infosys Poland Sp 2.0.0 17 Infosys McCamish Systems LLC 18 Portland Group Pty Ltd 19 Infosys BPO Americas LLC. 20 Infosys Consulting Holding AG 21. Infosys Management Consulting Pty Limited 22. Infosys Consulting AG 23 . Infosys Consulting GmbH 24. Infosys Consulting S.R.L (Romania) (Renamed as Infosys Romania SRL) 25. Infosys Consulting SAS 26. Infy Consulting Company Ltd_ 27 . Infy Consulting B.V . 28 Infosys Consulting S.R.L (Argentina) 29. 30 . Infosys Consulting (Belgium) NV", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 28, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d7283ffcf5731687"}, {"chunk_id": "cba09f80215f8119", "content": "25. Infosys Consulting SAS 26. Infy Consulting Company Ltd_ 27 . Infy Consulting B.V . 28 Infosys Consulting S.R.L (Argentina) 29. 30 . Infosys Consulting (Belgium) NV Panaya Inc: 31 . Infosys Financial Services GmbH 32 Panaya Ltd. 33 Brilliant Basics Holdings Limited (under liquidation) 34 [OCR] Deloitte Haskins & Sells LLP Brilliant Basics Limited (under liquidation) 35. Infosys Singapore Pte, Ltd_ 36. Infosys Middle East FZ LLC 37. Fluido Oy 38. Fluido Sweden AB 39. Fluido Norway A/S 40. Fluido Denmark A/S 41. Fluido Slovakia S.r.0 42. Infosys Compaz Pte: Ltd; 43 Infosys South Africa (Pty) Ltd 44. WongDoody, Inc, merged into Infosys Nova Holdings LLC with effect from January 45. 01, 2025 HIPUS Ltd_ Co., 46 Stater N.V. 47 . Stater Nederland B,V. 48 Stater XXL B.V 49. HypoCasso B.V _ 50. Stater Participations B.V. (wholly owned subsidiary of Stater N.V. merged Stater with 51. N.V, with effect from November 24, 2023) Stater Belgium N.V,/S.A: (formerly a wholly owned subsidiary of Stater Participations 52 B.V. , became the wholly owned subsidiary of Stater N.V. with effect from November 24, 2023) dba Simplus (US), merged into Infosys Nova Holdings LLC with Outbox systems Inc_ 53 , 01, from effect 2025 January Pty Simplus ANZ Ltd_ 54 Simplus Australia Pty Ltd 55. Simplus Philippines, Inc; 56 57. Infosys Fluido UK, Ltd, Infosys Fluido Ireland, Ltd. 58. Infosys Limited Bulgaria EOOD 59 Infosys BPM UK Limited 60 Blue Acorn iCi Inc , merged into Infosys Nova Holdings LLC with effect from January 61 .", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 28, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d7283ffcf5731687"}, {"chunk_id": "4c7a16c0ddb65ed1", "content": "56 57. Infosys Fluido UK, Ltd, Infosys Fluido Ireland, Ltd. 58. Infosys Limited Bulgaria EOOD 59 Infosys BPM UK Limited 60 Blue Acorn iCi Inc , merged into Infosys Nova Holdings LLC with effect from January 61 . 01, 2025 Kaleidoscope Animations, Inc:, merged into Infosys Nova Holdings LLC with effect 62 01, from January 2025 Kaleidoscope Prototyping LLC (liquidated effective November 1, 2023) 63 , GuideVision s.r.o 64, GuideVision Deutschland GmbH 65, GuideVision Suomi Oy 66. GuideVision Magyarorszag Kft 67.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 28, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d7283ffcf5731687"}, {"chunk_id": "36f7bab73d4a03d2", "content": "[OCR] Deloitte Haskins & Sells LLP GuideVision Polska Sp. Z.o.0 68 Infosys Business Solutions LLC 69. Infosys Germany GmbH 70. GuideVision UK Ltd (under liquidation) 71, Infosys Turkey Bilgi Teknolojileri Limited Sirketi 72. Infosys Germany Holding Gmbh 73 . Infosys Automotive and Mobility GmbH & Co. KG 74. Stater GmbH 75. Infosys Green Forum 76 Infosys (Malaysia) SDN: BHD. 77 . oddity oddity space GmbH; merged GmbH (formerly 78. into WongDoody known as GmbH) with effect from September 29, 2023 oddity jungle GmbH merged WongDoody GmbH  (formerly known as oddity 79. into GmbH) with effect from September 29, 2023 oddity GmbH  (formerly known GmbH  merged 80, oddity into WongDoody waves as GmbH) with effect from September 29, 2023 oddity group Services GmbH merged into WongDoody GmbH (formerly known 81. as oddity GmbH) with effect from September 29, 2023 oddity code GmbH merged into WongDoody GmbH (formerly known as oddity GmbH) 82 29 , with effect from September 2023 as oddity code d.0.0) which was formerly WongDoody d.o.o. (formerly known 83 of oddity subsidiary subsidiary of Wongdoody Gmbh Code GmbH has become (formerly known as oddity GmbH) with effect from September 29, 2023 WongDoody GmbH (formerly known as Oddity GmbH) WongDoody (Shanghai) Co. Limited (formerly known as oddity (Shanghai) Co. Ltd.) 85. WongDoody Limited (Taipei) (formerly known as oddity Limited (Taipei) 86. Infosys Public Services Canada Inc: 87. BASE life science AS 88. BASE life science AG 89 BASE life science GmbH 90. BASE life science Ltd. 91", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 30, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e27d1a8da292532d"}, {"chunk_id": "7967fd4202c59d06", "content": "86. Infosys Public Services Canada Inc: 87. BASE life science AS 88. BASE life science AG 89 BASE life science GmbH 90. BASE life science Ltd. 91 BASE life science S.A.S 92. BASE life science S,r.I. 93 , Innovisor Inc: 94. BASE life science Inc; 95. BASE life science S.L. 96. Panaya Germany GmbH 97. Infosys Norway 98. Infosys BPM Canada Inc. (Wholly-owned subsidiary of Infosys BPM Limited) which was 99. August 11, 2023 has been dissolved on March 15, 2024 incorporated on [OCR] Deloitte Haskins & Sells LLP 100 . Danske IT and Support Services India Private Limited acquired by Infosys Limited on September 1, 2023 (Renamed as Idunn Information Technology Private Limited with effect from April 1, 2024) 101. InSemi Technology Services Pvt. Ltd. acquired by Infosys limited on May 10, 2024 Elbrus Labs Private Limited (a wholly owned subsidiary of InSemi Technology Services 102_ May Pvt, Ltd.) acquired by Infosys limited on 10, 2024 Infosys Services (Thailand) Limited, a Wholly-owned subsidiary of Infosys Limited was 103 . incorporated on July 26, 2024. of Infosys Singapore Limited Wholly-owned   subsidiary Pte was Infy tech SAS, 104. incorporated on July 03, 2024. owned by  Infosys   Germany GmbH, wholly (acquired Holding GmbH 105 . in-tech Pte. Limited (a wholly owned subsidiary of Infosys subsidiary of Infosys Singapore Limtied) on July 17, 2024 merged into in-tech GmbH with effect from January 01, 2025. in-tech GmbH (Subsidiary of in-tech Holding GmbH) (acquired by Infosys Germany 106_", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 30, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e27d1a8da292532d"}, {"chunk_id": "23b37df53cb01fbe", "content": "subsidiary of Infosys Singapore Limtied) on July 17, 2024 merged into in-tech GmbH with effect from January 01, 2025. in-tech GmbH (Subsidiary of in-tech Holding GmbH) (acquired by Infosys Germany 106_ wholly owned subsidiary of Infosys Singapore Pte Limited (a wholly owned GmbH; subsidiary of Infosys Limited) on July 17, 2024) in-tech Automotive Engineering SL (Subsidiary of in-tech GmbH) (acquired by Infosys 107. wholly owned subsidiary of Infosys Singapore Limited Pte. Germany GmbH, wholly owned subsidiary of Infosys Limited) on July 17, 2024) ProIT (Subsidiary of in-tech GmbH) (acquired by Infosys Germany GmbH, wholly 108, Limited (a wholly owned subsidiary of owned subsidiary of Infosys Singapore Pte Infosys Limited) on July 17, 2024) in-tech Automotive Engineering de R.L; de C.V (Subsidiary of in-tech GmbH) (acquired 109_ wholly owned subsidiary of Infosys Singapore Pte. by Infosys Germany GmbH, 2024) (under July (a wholly owned subsidiary of Infosys Limited) Limited on liquidation) by  Infosys GmbH) (acquired GmbH (Subsidiary of in-tech drivetech   Fahrversuch 110_ of Infosys Singapore Limited wholly owned subsidiary Pte. (a Germany GmbH; wholly owned subsidiary of Infosys Limited) on July 17, 2024) of in-tech GmbH) (acquired by Infosys Inc (Subsidiary Friedrich Wagner  Holding M. Germany GmbH, wholly owned subsidiary of Infosys Singapore Pte. Limited (a July 17, 2024) (under liquidation) wholly owned subsidiary of Infosys Limited) on LLC (Subsidiary of Friedrich Wagner Holding Inc)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 30, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e27d1a8da292532d"}, {"chunk_id": "633e5f31cc90b2a4", "content": "M. Germany GmbH, wholly owned subsidiary of Infosys Singapore Pte. Limited (a July 17, 2024) (under liquidation) wholly owned subsidiary of Infosys Limited) on LLC (Subsidiary of Friedrich Wagner Holding Inc) in-tech Automotive Engineering 112. (acquired by Infosys Germany GmbH, a wholly owned subsidiary of Infosys Singapore 17, 2024) on July of   Infosys Limited) subsidiary Limited (a wholly owned Pte. (liquidated effective November 30, 2024) in-tech Services LLC (Subsidiary of Friedrich Wagner Holding Inc) (acquired by Infosys 113. wholly owned subsidiary of Infosys Singapore Pte. Limited (a Germany GmbH, 2024) (liquidated effective wholly owned subsidiary of Infosys Limited) on July 17, November 30, 2024) Pacific GmbH (Subsidiary of in-tech GmbH) (acquired by & Wagner Asia Friedrich 114. Infosys Germany GmbH; a wholly owned subsidiary of Infosys Singapore Pte. Limited 17, 2024) merged into in-tech July (a wholly owned subsidiary of Infosys Limited) on GmbH with effect from January 01, 2025. Pacific   GmbH) & Wagner (Subsidiary Asia of Friedrich in-tech engineering S.r.0 (acquired by Infosys Germany GmbH, a wholly owned subsidiary of Infosys Singapore Limited (a wholly owned subsidiary of Infosys Limited) on July 17, 2024) Pte_", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 30, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e27d1a8da292532d"}, {"chunk_id": "50cc36a89117555d", "content": "[OCR] Deloitte Haskins & Sells LLP GmbH (Subsidiary of Friedrich & Wagner Asia  Pacific GmbH) in-tech engineering 16. (acquired by Infosys Germany GmbH, a wholly owned subsidiary of Infosys Singapore Pte. Limited (a wholly owned subsidiary of Infosys Limited) on July 17, 2024) in-tech engineering services SR.L (Subsidiary & Wagner Asia 117. of Friedrich Pacific GmbH) (acquired by Infosys Germany GmbH, wholly owned subsidiary of Infosys Singapore Pte. Limited (a wholly owned subsidiary of Infosys Limited) on July 17, 2024) in-tech Group Ltd (Subsidiary of Friedrich & Wagner Asia Pacific GmbH) (acquired by 118. Infosys Germany GmbH, a wholly owned subsidiary of Infosys Singapore Pte: Limited (a wholly owned subsidiary of Infosys Limited) on July 17, 2024) 119. in-tech Group India Private Limited (Subsidiary of in-tech Group Ltd) (acquired by Infosys Germany GmbH, a wholly owned subsidiary of Infosys Singapore Pte Limited (a wholly owned subsidiary of Infosys Limited) on July 17, 2024). On September 01, 2024 in-tech Group India Private Limited became a wholly-owned subsidiary of Infosys limited, Eng ineering Shenyang Co. (Subsidiary of Friedrich & Wagner Asia In-tech Automotive 120. Pacific GmbH) (acquired by Infosys Germany GmbH, wholly owned subsidiary of Infosys Singapore Pte; Limited (a wholly owned subsidiary of Infosys Limited) on July 17, 2024) Automotive Engineering Bejing Co., Ltd (Subsidiary of In-tech Automotive In-tech", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 32, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aae0ba5adac94b4e"}, {"chunk_id": "d89586a40853a294", "content": "wholly owned subsidiary of Infosys Singapore Pte; Limited (a wholly owned subsidiary of Infosys Limited) on July 17, 2024) Automotive Engineering Bejing Co., Ltd (Subsidiary of In-tech Automotive In-tech Engineering Shenyang Co.) (acquired by Infosys Germany GmbH, wholly owned subsidiary of Infosys Singapore Pte: Limited (a wholly owned subsidiary of Infosys Limited) on July 17, 2024) Infosys Employees Welfare Trust 122, Infosys Employee Benefits Trust 123. Infosys Science Foundation 124. Infosys Expanded Stock Ownership Trust 125. Blitz 24-893 SE, Germany acquired by Infosys Singapore Pte Ltd on October 17, 2024 126. Wholly-owned subsidiary of Infosys Limited was incorporated Infosys Limited SPC, 127_ on December 12, 2024. Infosys BPM Netherlands B.V., a Wholly-owned subsidiary of Infosys BPM Limited was 128. incorporated on March 20, 2025. [OCR] Deloitte Chartered Accountants Prestige Trade Tower, Level 19 Haskins & Sells LLP 46, Palace Road, High Grounds Bengaluru-560 001 Karnataka; India Tel: +91 80 6188 6000 Fax: +91 80 6188 6011 INDEPENDENT AUDITOR'S REPORT ON THE AUDIT OF QUARTERLY AND ANNUAL STANDALONE FINANCIAL RESULTS To THE BOARD OF DIRECTORS OF INFOSYS LIMITED Opinion We have audited the accompanying statement of Standalone Financial Results of INFOSYS LIMITED (the \"Company\") for the quarter and year ended March 31, 2025 (the being submitted by the Company pursuant to the requirements of Regulation \"Statement\"", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 32, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aae0ba5adac94b4e"}, {"chunk_id": "c83adde984ed125a", "content": "statement of Standalone Financial Results of INFOSYS LIMITED (the \"Company\") for the quarter and year ended March 31, 2025 (the being submitted by the Company pursuant to the requirements of Regulation \"Statement\" 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the LODR Regulations\") opinion and to the best of our information and according to the explanations given In our to uS, the statement: is presented in accordance with the requirements of the LODR Regulations; and in conformity the recognition (ii) gives true and fair view with and measurement Accounting principles laid down in the Indian Standard 34 \"Interim Financial prescribed under section 133 of the Companies Act, 2013 Reporting\" (\"Ind AS 34 read with relevant rules issued thereunder and other accounting principles (the Act\" generally accepted in India of the net profit and other comprehensive income and other financial information of the Company for the quarter and year ended March 31, 2025. Basis for Opinion We conducted our audit of the Statement in accordance with the Standards on Auditing (\"SA\"s) specified Our responsibilities under Section  143(10) of the under those Standards are further described in Auditor's Responsibilities for the Audit of the Standalone Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (\"ICAI\")", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 32, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aae0ba5adac94b4e"}, {"chunk_id": "3c229b5b0ee67434", "content": "Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (\"ICAI\") together with the ethical requirements that are relevant to our audit of the Standalone Financial Results for the quarter and year ended March 31, 2025 under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI's Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion: Management's and Board of Directors' Responsibilities for the Statement The Statement; which includes the Standalone Financial Results is the responsibility of the Company's Board of Directors and has been approved by them for the issuance. The Statement has been compiled from the related audited interim condensed standalone This financial March statements for the three months and ended 31, 2025. year responsibility includes the   preparation and   presentation of the Standalone Financial Results for the quarter and year ended March 31, 2025 that give a true and fair view of net   profit the other   comprehensive and income and other financial information in 34 , accordance with the recognition and measurement principles laid down in the Ind AS prescribed under Section 133 of the Act read with relevant rules issued thereunder and", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 32, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aae0ba5adac94b4e"}, {"chunk_id": "8195cbfa70102e3c", "content": "income and other financial information in 34 , accordance with the recognition and measurement principles laid down in the Ind AS prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation Regd: Office: One International Center, Tower 3, 31st floor, Senapati Bapat Marg; Elphinstone Road (West) Mumbai 400 013, Maharashtra; India, Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identification No: AAB-8737", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 32, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aae0ba5adac94b4e"}, {"chunk_id": "750ea48360506a64", "content": "[OCR] Deloitte Haskins & Sells LLP This responsibility also includes maintenance of adequate 33 of the LODR Regulations accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection application of appropriate accounting policies; making judgments and estimates that and reasonable and prudent; and the design, implementation and maintenance of adequate are financial controls, that were operating effectively for ensuring the accuracy and internal completeness of the accounting records, relevant to the preparation and presentation of a true and fair view and is free from material misstatement; the Statements that give whether due to fraud or error. Board of Directors are responsible for assessing the In preparing the Statement; the going concern, disclosing, Company's ability, to continue as applicable, matters as related to going concern and using the going concern basis of accounting unless the Board operations, of Directors either intends to liquidate the Company or has or to cease no realistic alternative but to do so. The Board of Directors are also responsible for overseeing the financial reporting process of the Company. Auditor's Responsibilities for audit of the Standalone Financial Results for the quarter and year ended March 31, 2025 Our objectives are to obtain reasonable assurance about whether the Statement as a whole", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 34, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1dc92da85525ed49"}, {"chunk_id": "3098faa0d7082171", "content": "quarter and year ended March 31, 2025 Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement; whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is guarantee that an SAs will always detect audit conducted in accordance with not material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the of users taken on the basis of these Standalone economic decisions Financial Results we exercise professional judgment with SAs, and As part of a audit  in accordance maintain professional skepticism throughout the audit; We also: Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and sufficient and appropriate to provide obtain audit basis for evidence that is our opinion: The risk of not detecting a material misstatement resulting from fraud is higher error, as fraud may involve collusion, forgery, intentional from than for one resulting omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate the circumstances, but not for the purpose of in", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 34, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1dc92da85525ed49"}, {"chunk_id": "8ebcfc8ad18f731f", "content": "Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate the circumstances, but not for the purpose of in expressing an opinion on the effectiveness of such controls. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Board of Directors. Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the requirements specified under Regulation 33 of the LODR Regulations: use of the going concern Conclude on the appropriateness of the Board of Directors' basis of accounting based on the audit evidence obtained, whether material and; uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Company to continue as going concern. If we conclude that a material uncertainty exists, required to draw attention in our auditor's report to the we are related disclosures in the Statement Or, if such disclosures are inadequate, to modify [OCR] Deloitte Haskins & Sells LLP our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report: However, future events or conditions may cause the Company to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the Statement; including the and whether the Statement represent the underlying disclosures, transactions and", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 34, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1dc92da85525ed49"}, {"chunk_id": "f0eab57d727b4bf8", "content": "Evaluate the overall presentation, structure and content of the Statement; including the and whether the Statement represent the underlying disclosures, transactions and events in a manner that achieves fair presentation. Obtain sufficient appropriate audit evidence regarding the Statement to express an opinion on the Statement: Materiality is the magnitude of misstatements in the Statement that; individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable consider  quantitative of the Statement be influenced_ We materiality and may user qualitative factors in () planning the scope of our audit work and in evaluating the results any identified and  (ii) the effect of misstatements evaluate of our work; to in the Statement We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings including any significant deficiencies in internal control that we identify during our audit We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards: For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm's Registration No. 117366W/W-100018) Vikas Bagaria Partner (Membership No. 060408) UDIN:", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 34, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1dc92da85525ed49"}, {"chunk_id": "0d529d95daef7c49", "content": "[OCR] Infosys\" Q4 FY 25 Financiall Navigate your next Results Infosys Limited CIN L8511OKA1981PLC013115 Regd. Office: Electronics City, Hosur Road, Bengaluru  560 100, India. Website: W infosys com;_Email: investors@infosys com; Telephone: 91 80.2852 0261; Fax: 91 80,2852 0362 Statement of Consolidated Audited Results of Infosys Limited and its subsidiaries for the quarter and year ended March 31, 2025 prepared in compliance with the Indian Accounting Standards (Ind-AS) (in ? crore,except per equity share data) Quarter Quarter Quarter Year ended ended ended March 31, ended March 31, December 31 March 31, Particulars 2024 2024 2025 2025 2024 Audited Audited Audited Audited Audited Revenue from operations 40,9251 41,764 37,923 162,990 153,670 Other income, net (refer note 1(d)) 1,190 859 2,729 3,600 4,71 Total Income 42,1151 42,623 40,652 166,590 158,381 Expenses Employee benefit expenses 22,015 20,393 21,4361 85,950 82,620 Cost of technical sub-contractors 3,276 3,302 2,967 12,937 12,232 Travel expenses 439 1,894 1,759 471 Cost of software packages and others 3,899 4,607 3,687 15,911 13,515 Communication expenses 147 157 147 620 677 Consultancy and professional charges 301 459 1,655 1,726 489 Depreciation and amortization expenses(t) 1,299 1,203 1,163 4,812 4,678 Finance cost 102 101 110 470 416 Other expenses 1,249 893 4,787 985 4,716 Total expenses 32,452 32,953 30,412 128,982 122,393 Profit before tax 9,670 9,663 37,608 10,240 35,988 Tax expense: (refer note 1(c)) Current tax 2,784 12,130 1,173 3,202 8,390 Deferred tax (159) (354) 1,092 (1,272) 1,350 Profit for the period 7,038 6,822 7,975 26,7501 26,248 Other comprehensive income", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 35, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2af681e6f3eb689a"}, {"chunk_id": "57ba844c402b2018", "content": "30,412 128,982 122,393 Profit before tax 9,670 9,663 37,608 10,240 35,988 Tax expense: (refer note 1(c)) Current tax 2,784 12,130 1,173 3,202 8,390 Deferred tax (159) (354) 1,092 (1,272) 1,350 Profit for the period 7,038 6,822 7,975 26,7501 26,248 Other comprehensive income Items that will not be reclassified subsequently t0 profit or loss Remeasurement of the net defined benefit liabilitylasset; net (145) (45) 261 120 Equity instruments through other comprehensive income, net 29 (15) (12) 19 19 Items that will be reclassified subsequently to profit or loss Fair value changes on derivatives designated as cash flow hedges, net (56) 56 (24) 28 Exchange differences on translation of foreign operations 384 (483) (231) 357 226 Fair value changes on investments, net 63 37 10 144 199 Total other comprehensive incomel(loss), net of tax (477) 275 (152) 459 520 Total comprehensive income for the period 7,313 6,345 7,823 27,209 26,768 Profit attributable to: Owners of the company 7,033 6,806 7,969 26,233 Non-controlling interests 16 37 15 7,038 7,975 6,822 26,750 26,248 Total comprehensive income attributable to: Owners of the company 7,304 7,821 6,336 27,167 26,754 Non-controlling interests 42 14 7,313 6,345 7,823 27,209 26,768 Paid up share capital (par value <5/- each, fully paid) 2,073 2,072 2,071 2,073 2,071 Other equity 93,745 86,045 86,0451 93,745 86,045 Earnings per equity share (par value <5/- each)\"* Basic (in < per share) 16.98 16.43 19.25 64.50 63.39 Diluted (in < per share) 16.94 16.39 19.22 64.34 63.29", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 35, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2af681e6f3eb689a"}, {"chunk_id": "9afd416573311758", "content": "2,073 2,072 2,071 2,073 2,071 Other equity 93,745 86,045 86,0451 93,745 86,045 Earnings per equity share (par value <5/- each)\"* Basic (in < per share) 16.98 16.43 19.25 64.50 63.39 Diluted (in < per share) 16.94 16.39 19.22 64.34 63.29 Balances Tor the quarter ended December 31, 2024 represent balances as per the audited Balance Sheet as at March 31, 2024 as required by SEBI (Listing and Other Disclosure Requirements) Regulations, 2015 EPS is not annualized for the quarter ended March 31, 2025, quarter ended December 31, 2024 and quarter ended March 31,2024. Excludes non-controlling interest During the quarter and year ended March 31,2025, a decline in the revenue estimates led to the carrying value of the customer related intangibles assets recognized on business combination exceeding the estimated recoverable amount: Consequently, the Company has recognized <188 crore as the excess of carrying value over the estimated recoverable value for the quarter and year ended March 31,2025. 1 Notes a) The audited interim consolidated financial statements for the quarter and year ended March 31, 2025 have been taken on record by the Board of Directors at its meeting held on The statutory auditors, Deloitte Haskins & Sells LLP have expressed an unmodified audit opinion: April 17 2025. The information presented above is extracted from the audited interim condensed consolidated financial statements_", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 35, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2af681e6f3eb689a"}, {"chunk_id": "0cdfbb7887965ba4", "content": "April 17 2025. The information presented above is extracted from the audited interim condensed consolidated financial statements_ These interim condensed consolidated financial statements are prepared in accordance with the Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act; 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules thereafter.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 35, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2af681e6f3eb689a"}, {"chunk_id": "52d9a83656ba220d", "content": "[OCR] b) Update on McCamish Cybersecurity incident In November 2023, certain systems of Infosys McCamish Systems LLC (\"McCamish\"), a subsidiary of Infosys BPM Limited (a Wholly owned subsidiary of Infosys Limited), were encrypted by ransomware, resulting in the non-availability of certain applications and systems McCamish initiated its incident response and engaged cybersecurity and other specialists to assist in its investigation of and response to the incident and remediation and restoration of impacted applications and systems By December 31, 2023, McCamish, with external specialists' assistance, substantially remediated and restored the affected applications and systems. Actions taken by McCamish included investigative analysis conducted by a third-party cybersecurity firm to determine; among other things, whether and the extent to which company or customer data was subject to unauthorized access or exfiltration: McCamish also engaged a third-party eDiscovery vendor in assessing the extent and nature of such data. McCamish in coordination with its third-party eDiscovery vendor has identified corporate customers individuals whose information was subject to unauthorized access and exfiltration. McCamish processes personal data on behalf of and its corporate customers_ From March 6, 2024 through July 25, 2024, six actions were filed in the U.S.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 36, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1a1f9409a8903e28"}, {"chunk_id": "d82d8856613bb332", "content": "McCamish processes personal data on behalf of and its corporate customers_ From March 6, 2024 through July 25, 2024, six actions were filed in the U.S. District Court for the Northern District of Georgia against McCamish. The actions arise out of the cybersecurity incident at McCamish initially disclosed on November 3,2023. All six actions have since been consolidated, and the consolidated class action complaint was filed on 2024, purportedly on behalf of all persons residing in the United States whose personally identifiable information was compromised in the incident; including all who November 7= proceedings pending the parties' efforts to resolve the lawsuit through were sent a notice of the incident: On December 20, 2024, the Court granted the parties' joint motion to stay mediation: On March 13, 2025, McCamish and the plaintiffs engaged in mediation, resulting in an in-principle agreement that sets forth the terms of a proposed settlement of the class action lawsuits against McCamish; as well as seven class action lawsuits arising out of the incident that have been filed against McCamish' $ customers. Under the settlement terms; McCamish has agreed to pay $17.5 million (approximately <150 crore) into a fund to settle these matters. The agreed terms are subject to finalization of the terms of the settlement agreement, and preliminary and final court approval.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 36, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1a1f9409a8903e28"}, {"chunk_id": "3cfeb027e3e896b2", "content": "The agreed terms are subject to finalization of the terms of the settlement agreement, and preliminary and final court approval. If approved, the settlement will resolve all allegations made in the class action lawsuits without admission of any liability: McCamish has recorded an accrual of $17.5 million (approximately <150 crore) related to the settlement McCamish has recognized an insurance reimbursement receivable of $17 million (approximately <145 crore) which has been offset the settlement expense of $17.5 million (approximately <150 crore) in the against Statement of Profit and Loss: McCamish may incur additional costs including from indemnities or damageslclaims; which are indeterminable at this time_ c) Update on orders received from the Indian Income tax department During the quarter ending March 31, 2025, the Company received orders under section 250 of the Income Tax Act; 1961,from the Income Tax Authorities in India for the assessment years, 2016-17 and 2019-20. These orders confirmed the Company's position with respect to tax treatment of certain disputed matters. As a result interest income (pre- tax) of <327 crore (included in other income as mentioned in point (d) below) was recognised and provision for income tax aggregating <183 crore was reversed with a Loss. Also, upon resolution of the disputes, an amount aggregating to <1,068 crore has been reduced from contingent liabilities.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 36, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1a1f9409a8903e28"}, {"chunk_id": "5f698db3b40b4165", "content": "Loss. Also, upon resolution of the disputes, an amount aggregating to <1,068 crore has been reduced from contingent liabilities. corresponding credit to the Statement of Profit and d) Other income includes interest on income tax refund of <328 crore and <1,916 crore for the quarter ended March 31, 2025 and March 31, 2024 respectively, <343 crore and 71,965 crore for the year ended March 31, 2025 and March 31, 2024 respectively, and less than a crore for the quarter ended December 31, 2024. e) Proposed acquisitions i) On April 17 , 2025, Infosys Singapore Pte Ltd., a wholly-owned step down subsidiary of Infosys Limited, entered into a definitive agreement to acquire 10% of the equity share capital of The Missing Link, a leading Cybersecurity service provider headquartered in Australia, for a consideration including earn-outs amounting up to AUD 98 million (approximately <527 crore) , excluding management incentives and retention bonus, subject to customary closing adjustments. To consummate this transaction, Infosys Singapore Pte Ltd will set up a wholly-owned subsidiary in Australia: ii)  On April 17, 2025, Infosys Nova Holdings LLC, a wholly-owned step down subsidiary of Infosys Limited, entered into a definitive agreement to acquire 100% of the partnership leading Energy Consulting company; headquartered in USA, for a consideration including earn-outs amounting up to $36 million (approximately", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 36, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1a1f9409a8903e28"}, {"chunk_id": "d70121a6e45fa6d3", "content": "leading Energy Consulting company; headquartered in USA, for a consideration including earn-outs amounting up to $36 million (approximately interests of MRE Consulting Ltd, 7308 crore) , excluding management incentives and retention bonus, subject to customary closing adjustments. To consummate this transaction, Infosys Nova Holdings LLC has simultaneously incorporated an entity Infosys Energy Consulting Services LLC f) Update on employee stock grants i) Grants to CEO & MD The Board, on April 17, 2025, based on the recommendations of the Nomination Remuneration Committee, approved the following annual grants to Salil Parekh, CEO and MD and as per his employment agreement approved by shareholders: i) The grant of annual performance-based stock incentives (Annual Performance Equity Grant) in the form of Restricted Stock Units (RSU's) covering Company's equity shares having a market value of <34.75 crore as on the date of the grant under the 2015 Stock Incentive Compensation Plan (2015 plan) which shall vest 12 months from the date of grant subject to achievement of performance targets as determined by the Board: ii) The grant of annual performance-based stock incentives (Annual performance equity ESG grant) in the form of RSU's covering Company's equity shares having a market value", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 36, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1a1f9409a8903e28"}, {"chunk_id": "f2f336ca8924b881", "content": "ii) The grant of annual performance-based stock incentives (Annual performance equity ESG grant) in the form of RSU's covering Company's equity shares having a market value of <2 crore as on the date of the grant under the 2015 Plan; which shall vest 12 months from the date of the grant subject to the Company's achievement of certain environment social and governance milestones as determined by the Board. ii) The grant of annual performance-based stock incentives (Annual performance Equity TSR grant) in the form of RSUs covering Company's equity shares having a market value of <5 crore as on the date of the grant under the 2015 Plan, which shall vest on or after March 31,2027 subject to the Company's performance on cumulative relative TSR for the two year cumulative period and as determined by the Board: iv) The grant of annual performance-based stock incentives (2019 Annual Performance Equity Grant) in the form of Restricted Stock Units (RSU's) covering Company's equity shares having a market value of <10 crore as on the date of the grant under the Infosys Expanded Stock Ownership Program-2019 (2019 Plan), which shall vest 12 months from the date of the grant subject to the Company's achievement of certain performance criteria as laid out in the 2019 Plan: The", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 36, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1a1f9409a8903e28"}, {"chunk_id": "170c19f8bcc05cb9", "content": "the date of the grant subject to the Company's achievement of certain performance criteria as laid out in the 2019 Plan: The above RSUs will be granted w.e f May 2, 2025 and the number of RSU's will be calculated based on the market price at the close of trading on May 2, 2025. ii) Grants to other employees The Board, on April 17 ,,2025, based on the recommendations of the Nomination and Remuneration Committee, approved grant of 5,000 RSUs to eligible employees under the The 2015 Plan w.e.f May 2, 2025. RSUs would vest equally over a period of four years and the exercise price will be equal to the par value of the share_ 2. Information on dividends for the quarter and year ended March 31, 2025 For financial year 2025, the Board recommended & final dividend of 22/- (par value of <5/- each) per equity share_ This payment is subject to the approval of shareholders in the Annual General Meeting (AGM) of the Company to be held on June 25,2025. The record date for the purpose of the payment of final dividend is May 30, 2025. The dividend will be paid on June 30, 2025 For the financial year ended 2024, the Company declared a final dividend of <20/- (par value of <5/-each) per equity share and additionally & special dividend of <8/- (par value of {5/- each) per equity share: The Board of Directors (in the meeting held on October 17, 2024) declared an interim dividend of <21/- per equity share: The", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 36, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1a1f9409a8903e28"}, {"chunk_id": "abd4ee84c14fdd90", "content": "{5/- each) per equity share: The Board of Directors (in the meeting held on October 17, 2024) declared an interim dividend of <21/- per equity share: The record date for the payment was October 29, 2024 and the same was paid on November 8, 2024 The interim dividend declared in the previous year was <18/- per equity share", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 36, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1a1f9409a8903e28"}, {"chunk_id": "7c3a5d6512a3c6d2", "content": "[OCR] (in ?) Quarter Quarter Year ended Quarter ended ended ended March 31, Particulars December 31 March 31, March 31, 2025 2024 2024 2025 2024 Dividend per share (par value <5/- each) Interim dividend 21.00 18.00 Final dividend 22.00 20.00 22.00 20.00 Special dividend 8.001 3. Audited Consolidated Balance Sheet (in ? crore) Particulars As at March 31, 2025 March 31,2024 ASSETS Non-current assets Property, plant and equipment 11,778 12,370 Right of use assets 6,311 6,552 Capital work-in-progress 814 293 Goodwill 10,106 7,303 Other Intangible assets 2,766 1,397 Financial assets Investments 11,059 11,708 Loans 161 34 Other financial assets 3,511 3,105 Deferred tax assets (net) 1,108 454 Income tax assets (net} 1,622 3,045 Other non-current assets 2,713 2,121 Total non-current assets 51,804 48,382 Current assets Financial assets Investments 12,482 12,915 Trade receivables 30,1938 Cash and cash equivalents 24,4551 14,786 Loans 249 248 Other financial assets 13,840 12,085 Income tax assets (net) 2,975 6,397 Other current assets 11,940 12,808 Total current assets 97,099 89,432 Total Assets 137,814 148,903 EQUITY AND LIABILITIES Equity Equity share capital 2,073 2,071 Other equity 93,7451 86,045 Total equity attributable to equity holders of the Company 95,818] 88,116] Non-controlling interests 385 Total equity 96,203 88,461 Liabilities Non-current liabilities Financial liabilities Lease liabilities 5,772 6,400 Other financial liabilities 2,141 2,130 Deferred tax liabilities (net) 1,722 1,794 Other non-current liabilities 215 Total non-current liabilities 9,850 10,559 Current liabilities Financial liabilities Lease liabilities 2,455 1,959 Trade payables 4,164 3,956 Other financial liabilities 18,138", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 38, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2fb8a9a1bf5ce455"}, {"chunk_id": "4335de07945ac34f", "content": "1,722 1,794 Other non-current liabilities 215 Total non-current liabilities 9,850 10,559 Current liabilities Financial liabilities Lease liabilities 2,455 1,959 Trade payables 4,164 3,956 Other financial liabilities 18,138 Other current liabilities 11,765 10,539 Provisions 1,475 1,796 Income tax liabilities (net) 4,853 3,585 Total current liabilities 42,850 38,794 Total equity and liabilities 148,903 137,814 The disclosure is an extract of the audited Consolidated Balance Sheet as at March 31, 2025 and March 31, 2024 prepared in compliance with the Indian Accounting Standards (Ind-AS): [OCR] Audited Consolidated Statement of Cash Flows (in ? crore) Particulars Year ended March 31, 2025 2024 Cash flow from operating activities Profit for the year 26,7501 26,248 Adjustments to reconcile net profit to net cash provided by operating activities: Income tax expense 10,858 9,740 Depreciation and amortization 4,812 4,678 Interest and dividend income (2,570) (2,067) Finance cost 416 470 Impairment loss recognized (reversed) under expected credit loss model 121 48 Exchange differences on translation of assets and liabilities, net 76 79 Stock compensation expense 802 652 Interest receivable on income tax refund (327) (1,934) Provision for post sale client support (110) 75 Other adjustments 833 1,464 Changes in assets and liabilities Trade receivables and unbilled revenue (1,769) (2,867) Loans, other financial assets and other assets (1,024) (1,172) Trade payables 1761 Other financial liabilities , other liabilities and provisions 2322 (4,334) Cash generated from operations 41,296 34,441", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 38, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2fb8a9a1bf5ce455"}, {"chunk_id": "3f6f036b95b84dcd", "content": "(1,769) (2,867) Loans, other financial assets and other assets (1,024) (1,172) Trade payables 1761 Other financial liabilities , other liabilities and provisions 2322 (4,334) Cash generated from operations 41,296 34,441 Income taxes paid (5,602 (9.2317 Net cash generated by operating activities 35,694 25,210 Cash flows from investing activities Expenditure on property, plant and equipment and intangibles (2,237) (2,201) Deposits placed with corporation 1,225) (847 Redemption of deposits placed with Corporation 776 Interest and dividend received 2,040 1,768 Payment towards acquisition of business, net of cash acquired (3,155) Payment of contingent consideration pertaining to acquisition of business (101) Other receipts 10 128 Payments to acquire investments Tax free bonds and government bonds Liquid mutual fund units (73,048) (86,191 Certificates of deposit (6,978) (8,509) Commercial paper (6,403) (10,387 Non convertible debentures 240) (1,526) Other investments (60) (14) Proceeds on sale of investments Tax free bonds and government bonds 109 150 Liquid mutual fund units 73,987 64,767 Certifica ates of deposit 6,688 9,205 Commercial paper 7,7351 6,479 Non-convertible debentures 2,591 1,230 Government securities 4551 304 Equity and preference securities 26 Other investments investing activities Net cash used in (1,946) (5,009 Cash flows from financing activities: Payment of lease liabilities (2,024) (2,355) Payment of dividends (20,287 (14,692) Loan repayment of in-tech Holding GmbH (985) Payment of dividend to non-controlling interest of subsidiary (39)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 38, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2fb8a9a1bf5ce455"}, {"chunk_id": "363597263cfa1af3", "content": "Payment of lease liabilities (2,024) (2,355) Payment of dividends (20,287 (14,692) Loan repayment of in-tech Holding GmbH (985) Payment of dividend to non-controlling interest of subsidiary (39) Payment towards buyback of shares pertaining to non controlling interest of subsidiary (18) Shares issued on exercise of employee stock options Other payments (538) (736) Net cash used in financing activities (24,161) (17,504) (decrease) in cash and cash equivalents Net increase 9,587 2,697 Effect of exchange rate changes on cash and cash equivalents 82 84) Cash and cash equivalents at the beginning of the period 14,786] 12.173 Cash and cash equivalents at the end of the period 24,455] 14,786 Supplementary information: Restricted cash balance 424 348 The disclosure is an extract of the audited Consolidated Statement Of Cash flows for the year ended March 31, 2025 and March 31, 2024 prepared in compliance with Indian Accounting Standard (Ind AS) 34 Interim Financial Reporting:", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 38, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2fb8a9a1bf5ce455"}, {"chunk_id": "5b6b45c1f1c41dfa", "content": "[OCR] 5. Segment reporting (Consolidated - Audited) (in ? crore) Quarter Quarter Year ended Quarter ended ended ended March 31, Particulars March 31, December 31 March 31, 2025 2024 2025 2024 2024 Revenue by business segment Financial Services 11,614 11,589 10,010 45,175 Retail 5,440 5,746 5,429 22,059 22,504 Communication 4,688 4,666 19,108 4,798 17,991 Energy, Utilities, Resources and Services 5,308 5,635 21,710 5,068 20,035 Manufacturing 6,527 6,479 25,207 5,589 22,2981 Hi-Tech 3,397 3,279 3,316 13,090 12,41 Life Sciences 2,765 3,195 2,762 11,831 11,515 All other segments 1,076 1,153 4,810 1,083 4,758 Total 41,764 37,923 162,990 153,670 Less: Inter-segment revenue Net revenue from operations 40,925 41,764 37,923 162,990 153,670 Segment profit before tax, depreciation and non-controlling interests: Financial Services 2,679 2,948 1,941 11,099 9,324 Retail (2) 1,640 1,975 1,864 7,133 6,882 Communication 818 836 810 3,341 3,688 Energy; Utilities Resources and Services 1,577 1,528 1,431 6,097 5,523 Manufacturing 1,196 1,357 1,081 4,856 4,197 Hi-Tech 816 795 3,220 803 3,153 Life Sciences 617 632 819 2,663 2,898 AIl other segments 265 123 222 827 760 Total 9,874 10,115 8,784 39,2361 36,425 Less: Other Unallocable expenditure 1,299 1,203 1,163 4,812 4,678 Add: Unallocable other income 1,190 859 2,729 3,600 4,711 Less: Finance cost 102 110 416 101 Profit before tax and non-controlling interests 9,663 9,670 10,240 37,608 35,988 Financial Services include enterprises in Financial Services and Insurance Retail includes enterprises in Retail, Consumer Packaged Goods and Logistics Communication includes enterprises in Communication, Telecom OEM and Media Life Sciences includes enterprises in Life sciences and Health care", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 40, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8aa4cc4283ba1164"}, {"chunk_id": "7b2697e278db4444", "content": "Communication includes enterprises in Communication, Telecom OEM and Media Life Sciences includes enterprises in Life sciences and Health care All other segments include operating segments of businesses in India, Japan, China, Infosys Public Services & other enterprises in Public Services Notes on segment information Business segments 'management approach\" as defined in Ind-AS 108 Operating Segments, the Chief Operating Decision Maker evaluates the Group's performance ad allocates Based on the an aalysis of various performance indicators by business segments . Accordingly, information has been presented along these business segments. resources based on The accounting principles used in the preparation of the financial statements are consistently applied to record revenue and expenditure in individual segments_ Segmental capital employed Assets and liabilities used in the Group's business are not identified to any of the reportable segments, as these are used interchangeably between segments. The Management believes that it is currently not practicable to provide segment disclosures relating to total assets and liabilities since a meaningful segregation of the available data is onerous [OCR] 6. Audited financial results of Infosys Limited (Standalone Information) (in ? crore) Quarter Quarter Quarter Year ended ended ended ended March 31, Particulars March 31, December 31 March 31, 2025 2024 2024 2025 2024 Revenue from operations 34,136 34,915 32,001 136,592 128,933 Profit before tax", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 40, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8aa4cc4283ba1164"}, {"chunk_id": "7b295501d737e96b", "content": "(in ? crore) Quarter Quarter Quarter Year ended ended ended ended March 31, Particulars March 31, December 31 March 31, 2025 2024 2024 2025 2024 Revenue from operations 34,136 34,915 32,001 136,592 128,933 Profit before tax 9,061 8,844 10,414 35,441 35,953 Profit for the_period 6,628 6,358 8,480 25,568 27,234 The audited results of Infosys Limited for the above mentioned periods are available on our website; linfosys com and on the Stock Exchange website Wwnseindia com and WMAN . bseindia com: The information above has been extracted from the audited interim standalone financial statements as stated. By order of the Board for Infosys Limited Bengaluru; India Salil Parekh April 17 , 2025 Chief Executive Officer and Managing Director The Board has also taken on record the consolidated results %f Infosys Limited and its subsidiaries for the quarter and year ended March 31, 2025, prepared as per International Financial Reporting Standards (IFRS) and reported in US dollars. A summary of the financial statements is as follows: (in USS million, except per equity share data) Quarter Quarter Quarter Year ended ended ended ended| Particulars March 31, March 31, December 31 March 31 2024 2025 2024 2025 2024 Audited Audited Audited Audited Audited Revenues 4,730 4,939 4,564 19,277 18,562 Cost of sales 3,302 3,444 3,219 13,405 12,975 Gross profit 1,428 1,345 1,495 5,872 5,587 Operating expenses 442 436 428 1,753 1,801 Operating profit 992 1,053 3,834 917 4,071 Other income, net 102 137 328 4251 568 (Finance cost 12 12 49 13 56 Profit before income taxes 1,117 1,143 1,232 4,346 4,447 Income tax expense 337 303 273 1,285 1,177 Net profit 814 8061 3,162", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 40, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8aa4cc4283ba1164"}, {"chunk_id": "e9d3b61cf61ec1d2", "content": "992 1,053 3,834 917 4,071 Other income, net 102 137 328 4251 568 (Finance cost 12 12 49 13 56 Profit before income taxes 1,117 1,143 1,232 4,346 4,447 Income tax expense 337 303 273 1,285 1,177 Net profit 814 8061 3,162 959 3,169 Earnings per equity share Basic 0.20 0.23 0.19 0.76 0.77 Diluted 0.20 0.19 0.76 0.23 0.76 Total assets 17,419 16,29 16,523 17,419 16,523 Cash and cash equivalents and current investments 3,596 4,321 3,321 4,321 3,321 EPS is not annualized for the quarter ended March 31, 2025, quarter ended December 31, 2024 and quarter ended March 31, 2024, Certain statements in this release concerning our future growth prospects, future financial or operating performance, the McCamish cybersecurity incident and the related our review and notification process are forward looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, Which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent; our ability to attract and retain personnel; increase in wages; investments to reskill our employees, our ability to effectively implement a hybrid working model, economic uncertainties and geo-political", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 40, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8aa4cc4283ba1164"}, {"chunk_id": "ba234fa9f514ab12", "content": "and retain personnel; increase in wages; investments to reskill our employees, our ability to effectively implement a hybrid working model, economic uncertainties and geo-political situations, technological disruptions and innovations such as Generative Al, the complex and evolving regulatory landscape inciuding immigration regulation changes our ESG vision, our capital allocation policy and expectations concerning our market position, future operations margins, profitability, liquidity, capital resources, our corporate actions including acquisitions; the amount of any additional costs, including indemnities or damages or claims , resulting directly or indirectly from the McCamish cybersecurity incident and the outcome and effect of pending litigation. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2024. These filings are available at https:IIWWw sec govl. Infosys may; from time to time, make additional written and oral forward-looking statements, including statements contained in the Companys filings with the Securities and Exchange Commission and our reports to shareholders The Company does not undertake to update any forward-looking statements that may be", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 40, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8aa4cc4283ba1164"}, {"chunk_id": "1b75f14943137abe", "content": "[OCR] Infosys\" Q4 FY 25 Financial Navigate your next Results) Infosys Limited CIN: L85110KA1981PLC013115 City, Hosur Road, Bengaluru Regd. Office: Electronics 560 100, India. infosys com; Email: investors@infosys com; Telephone: 91 80 2852 0261; Fax: 91 80 2852 0362 Website: WWW . Statement of Audited results of Infosys Limited for the quarter and year ended March 31 , 2025 prepared in compliance with the Indian Accounting Standards (Ind-AS) (in ? crore, except per equity share data) Particulars Quarter Quarter Year ended Quarter March 31, ended ended ended March 31, December 31, March 31_ 2025 2024 2024 2025 2024 Audited Audited Audited Audited Audited Revenue from operations 34,136 34,915 32,001 136,592 128,933 1,323 1,001 3,483 4,782 7,417 Other income, net (refer note 1(c)) 136,350 35,459 35,916 35,484 141,374 Total income Expenses 65,139 Employee benefit expenses 17,259 16,849 16,047 67,466 4,829 4,648 19,353 18,638 Cost of technical sub-contractors 4,941 329 371 1,467 1,372 Travel expenses 413 6,891 2,142 2,977 2,098 9,617 Cost of software packages and others Communication expenses 104 1151 109 448 489 358 322 287 1,245 Consultancy and professional charges 722 2,619 2,944 590 661 Depreciation and amortization expense 221 277 Finance cost 51 50 62 726 3,588 540 940 3,497 Other expenses 100,397 27,072 105,933 25,070 26,398 Total expenses 10,414 35,441 35,953 9,061 8,844 Profit before tax expense: (refer note 1(b)) Tax 830 10,836 7,306 2,408 2,785 Current tax (963) 1,413 25| (299) 1,104 Deferred tax 27,234 6,628 6,358 8,480 25,568 Profit for the period Other comprehensive income Items that will not be reclassified subsequently to profit or loss 128 (144) (37) (81) 36", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 41, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "60cbf3e1a664067b"}, {"chunk_id": "1042b555163c5166", "content": "7,306 2,408 2,785 Current tax (963) 1,413 25| (299) 1,104 Deferred tax 27,234 6,628 6,358 8,480 25,568 Profit for the period Other comprehensive income Items that will not be reclassified subsequently to profit or loss 128 (144) (37) (81) 36 Remeasurement of the net defined benefit liability asset, net 19 (16) (12) 19 Equity instruments through other comprehensive income, net 30 Items that will be reclassified subsequently to profit or loss 28 (57) Fair value changes on derivatives designated as cash flow hedges, net 129 34 191 63 Fair value changes on investments , net 86 105 287 (108) 13 Total other comprehensive incomel (loss), net of tax 8,566 27,521 25,673 6,520 6,371 Total comprehensive income for the period 2,075 2,075 2,076 2,076 2,076 Paid-up share capital (par value <5/-each fully paid) 85,256 79,101_ 79,101 79,101 85,256 Other Equity* par value <5 /- each)\"* Earnings per equity share 61.58] 65.62 15.31 20.43 15.96 Basic (in < per share) 65.56 20.41 61.461 15.93 15.29 Diluted (in < per_share) Balances for the quarter ended December 31, 2024 represent balances as per the audited Balance Sheet a8 at March 31, 2024 as required by SEBI (Listing and Other Disclosure Requirements) Regulations, 2015 EPS is not annualized for the quarter ended March 31, 2025, quarter ended December 31, 2024 and quarter ended March 31, 2024. 1 Notes a) The audited interim condensed standalone financial statements for the quarter ad year ended March 31, 2025 have been taken on record by the Board of Directors at its April 17 , 2025.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 41, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "60cbf3e1a664067b"}, {"chunk_id": "7837e0bf21bc9450", "content": "1 Notes a) The audited interim condensed standalone financial statements for the quarter ad year ended March 31, 2025 have been taken on record by the Board of Directors at its April 17 , 2025. The statutory auditors, Deloitte Haskins & Sells LLP have expressed an unmodified audit opinion. The information presented above is meeting held on extracted from the audited interim condensed standalone financial statements. These interim condensed standalone financial statements are prepared in accordance with the Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules thereafter. b) Update on orders received from the Indian Income tax department During the quarter ending March 31, 2026, the Company received orders under section 250 of the Income Tax Act; 1981, from the Income Tax Authorities in India for the assessment years, 2016-17 and 2019-20. These orders confirmed the Company's position with respect to tax treatment of certain disputed matters. As a result interest income (c) below) was recognised and provision for income tax aggregating <183 crore was reversed with a (pre-tax) of <327 crore (included in other income as mentioned in point corresponding credit to the Statement of Profit and Loss.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 41, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "60cbf3e1a664067b"}, {"chunk_id": "c43ddd0a237c1f70", "content": "(pre-tax) of <327 crore (included in other income as mentioned in point corresponding credit to the Statement of Profit and Loss. Also, upon resolution of the disputes, an amount aggregating to <1,068 crore has been reduced from contingent liabilities c) Other income includes interest on income tax refund of <327 crore and <1,934 crore for the quarter ended March 31, 2025 and March 31, 2024 respectively, <340 crore and crore for the quarter ended December 31, 2024. <1,936 crore for the year ended March 31, 2025 and March 31, 2024 respectively; and less than a", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 41, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "60cbf3e1a664067b"}, {"chunk_id": "c2eea9ddaa9804f7", "content": "[OCR] d) Update on employee stock grants i) Grants to CEO & MD The Board, on April 17, 2025, based on the recommendations of the Nomination and Remuneration Committee , approved the following annual grants to Salil Parekh; CEO and MD as per his employment agreement approved by shareholders: i) The grant of annual performance-based stock incentives (Annual Performance Equity Grant) in the form of Restricted Stock Units (RSUs) covering Company's equity shares market value of <34.75 crore as on the date of the grant under the 2015 Stock Incentive Compensation Plan (2015 plan) which shall vest 12 months from the date of having grant subject to achievement of performance targets as determined by the Board: i) The grant of annual performance-based stock incentives (Annual performance equity ESG grant) in the form of RSU's covering Company' s equity shares having market value of <2 crore as on the date of the grant under the 2015 Plan, which shall vest 12 months from the date of the grant subject to the Company's achievement of certain environment; social and governance milestones as determined by the Board: i) The grant of annual performance-based stock incentives (Annual performance Equity TSR grant) in the form of RSUs covering Company s equity shares having a market", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 43, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2b4aff0dd577cbf3"}, {"chunk_id": "0a0e49707aa22c0a", "content": "i) The grant of annual performance-based stock incentives (Annual performance Equity TSR grant) in the form of RSUs covering Company s equity shares having a market value 0f <5 crore as on the date of the grant under the 2015 Plan, which shall vest on or after March 31, 2027 subject to the Company's performance on cumulative relative TSR for the two year cumulative period and as determined by the Board; iv) The grant of annual performance-based stock incentives (2019 Annual Performance Equity Grant) in the form of Restricted Stock Units (RSUs) covering Company's equity under the Infosys Expanded Stock Ownership Program-2019 (2019 Plan) , which shall vest 12 months from having a market value of <10 crore as on the date of the grant shares the date of the grant subject to the Company's achievement of certain performance criteria as laid out in the 2019 Plan: 2, 2025 and the number of RSU's will be calculated based on the market price at the close of trading on May 2, 2025. May - The above RSUs will be granted W.e.f ii) Grants to other employees The Board, on April 17, 2025,based on the recommendations of the Nomination and Remuneration Committee, approved grant of 5,000 RSUs to eligible employees under the and the exercise price will be equal to the par value of the share. 2, 2025. The RSUs would vest equally over a period of four May 2015 Plan w.e.f years 2.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 43, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2b4aff0dd577cbf3"}, {"chunk_id": "cb5ed502193f4a1f", "content": "and the exercise price will be equal to the par value of the share. 2, 2025. The RSUs would vest equally over a period of four May 2015 Plan w.e.f years 2. Information on dividends for the quarter and year ended March 31, 2025 For financial year 2025, the Board recommended a final dividend of 22/- (par value of <5/- each) per equity share This payment is subject to the approval of shareholders in the; payment of final dividend is May 30, 2025. The dividend will the The Annual General Meeting (AGM) of the Company to be held on June 25, 2025. record date for the purpose of be paid on June 30, 2025. For the financial year ended 2024, the Company declared a final dividend of <20/- (par value of <5/-each) per equity share and additionally a special dividend of <8/- (par value of <5/- each) per equity share_ The Board of Directors (in the meeting held on October 17, 2024) declared an interim dividend of <21/- per equity share: The record date for the payment was October 29, 2024 on November 8,2024. The interim dividend declared in the previous year was <18/- per equity share. and the same was paid (in Year ended Quarter Quarter Quarter March 31, ended ended ended Particulars March 31 December 31, March 31, 2024 2025 2024 2024 2025 Dividend per share (par value <5/- each) 18.00 21.00 Interim dividend 20.00 20.00 22.00 22.00| Final dividend 8.00 8.00 Special dividend [OCR] 3. Audited Standalone Balance Sheet (In ? crore) Asat Particulars March 31 , 2025 March 31, 2024 ASSETS Non-current assets 10,070 10,813", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 43, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2b4aff0dd577cbf3"}, {"chunk_id": "d7a889718956cded", "content": "18.00 21.00 Interim dividend 20.00 20.00 22.00 22.00| Final dividend 8.00 8.00 Special dividend [OCR] 3. Audited Standalone Balance Sheet (In ? crore) Asat Particulars March 31 , 2025 March 31, 2024 ASSETS Non-current assets 10,070 10,813 Property, plant and equipment 3,303 3,078 Right of use assets 778 277 Capital work-in-progress 211 211 Goodwill Financial assets 27,371 23,352 Investments 34 26 Loans 1,756 2,350 Other financial assets 497 assets (net) Deferred tax 1,164 2,583 Income tax assets (net) 2,223 ,669 Other non-current assets 47,768 43,998 Total non-current assets Current assets Financial assets 11,307 11,147 Investments 26,413 25,152 Trade receivables 14,265 8,191 Cash and cash equivalents 208 207 Loans 12,569 10,129 Other financial assets 6,329 2,949 Income tax assets (net) 9,636 9,618 Other current assets 70,952] 77,168 Total current assets 124,936 114.950 Total assets EQUITY AND LIABILITIES Equity 2,075 2,076 Equity share capital 79,101 85,256 Other equity 81,176 87,332 Total equity LIABILITIES Non-current liabilities Financial liabilities 3,088 2,694 Lease liabilities 1,991 1,941 Other financial liabilities 509 1,062 Deferred tax liabilities (net) 150 95 Other non-current liabilities 6,688 5,842 current liabilities (Total non Current Iiabilities Financial liabilities 678 765 Lease liabilities Trade payables 92 Total outstanding dues of micro enterprises and small enterprises 2,401 Total outstanding dues of creditors other than micro enterprises and small enterprises 11,808 14,101 Other financial liabilities 7,681 9,159 Other current liabilities 1,4641 993 Provisions 2,962 4,016 Income tax liabilities (net) 27,086 31,762", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 43, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2b4aff0dd577cbf3"}, {"chunk_id": "ea99136a14f21553", "content": "11,808 14,101 Other financial liabilities 7,681 9,159 Other current liabilities 1,4641 993 Provisions 2,962 4,016 Income tax liabilities (net) 27,086 31,762 Total current liabilities 114,950 124,936 Total equity and liabilities The disclosure is an extract of the audited Balance Sheet as at March 31, 2025 and March 31, 2024 prepared in compliance with the Indian Accounting Standards (Ind-AS)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 43, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2b4aff0dd577cbf3"}, {"chunk_id": "57796bd56186455e", "content": "[OCR] 4. Audited Standalone Statement of Cash flows (In ? crore) Year ended March 31, Particulars 2025 2024 Cash flow from operating activities: 25,568 27,234 Profit for the year Adjustments to reconcile net profit to net cash provided by operating activities: 2,619 2,944 Depreciation and amortization 9,873 8,719 Income tax expense 130 Impairment loss recognized (reversed) under expected credit loss model 277 221 Finance cost 699) (4,670) Interest and dividend income 712 575 Stock compensation expense (114) Provision for post sale client support 1702 63 Exchange differences on translation of assets and liabilities net (1,934) (327) Interest receivable on income tax refund 235 165 Other adjustments (changes in assets and liabilities (2,933) (2,994) Trade receivables and unbilled revenue (1,645) Loans, other financial assets and other assets 236 Trade payables (117) 3,529 Other financial liabilities , other liabilities and provisions 34,010 29,022 Cash generated from operations (8,235) (4,601) paid Income taxes 29,409 20,787 Net cash generated by operating activities Cash flow from investing activities: (1,587) (1,832) Expenditure on property, plant and equipment 688 (1,026) Deposits placed with corporation 522 593 Redemption of deposits placed with corporation 1,672 1,441 Interest and dividend received 1,522 2,976 Dividend received from subsidiary (10) Loan given to subsidiaries Loan repaid by subsidiaries (4,361) (63) Investment in subsidiaries (184) Payment towards acquisition of entities 35", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 45, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "33fdafcca3326023"}, {"chunk_id": "486c03909d467c62", "content": "1,441 Interest and dividend received 1,522 2,976 Dividend received from subsidiary (10) Loan given to subsidiaries Loan repaid by subsidiaries (4,361) (63) Investment in subsidiaries (184) Payment towards acquisition of entities 35 (payment) towards business transfer for entities under common control Receipt 80 Receipt / (payment) from entities under liquidation 123 Other receipts Payments to acquire investments (57,606) (66,637) Liquid mutual fund units (9,405) (6,058)5 Commercial Papers (6,138) (7,011) Certificates of deposit (1,526) (3,240) Non-convertible debentures (25) Other investments Proceeds on sale of investments 150 105 Tax free bonds and government bonds 56,124 67,597 Liquid mutual fund units 2,376 Non-convertible debentures 6,962 5,984 Certificates of deposit 5,475 7,260 Commercial Papers 200 Government Securities 20 12 Other investments (3,261 (1,943) Net cash used in investing activities Cash flow from financing activities: (850) (859) Payment of lease liabilities Shares issued on exercise of employee stock options (186) (243) Other payments (14,733)] (20,337) Payment of dividends (45,825)] (21,379)] Net cash used in financing activities 6,087 1,701 (decrease) in cash and cash equivalents Net increase (44) (13) translation of foreign currency cash and cash equivalents Effect of exchange differences on 8,191 6,534 Cash and cash equivalents at the beginning of the period 8,191 14,265 Cash and cash equivalents at the end of the period Supplementary information: 451 44 Restricted cash balance Standard (Ind AS) 34 Interim Financial Reporting:", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 45, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "33fdafcca3326023"}, {"chunk_id": "8f5131ab179b9d88", "content": "8,191 14,265 Cash and cash equivalents at the end of the period Supplementary information: 451 44 Restricted cash balance Standard (Ind AS) 34 Interim Financial Reporting: [OCR] Segment Reporting In accordance with Ind AS 108, Operating Segments, the Company The Company publishes standalone financial statements along with the consolidated financial statements has disclosed the segment information in the audited interim consolidated financial statements . Accordingly, the segment information is given in the audited consolidated financial results of Infosys Limited and its subsidiaries for the quarter and year ended March 31,2025 By order of the Board for Infosys Limited Salil Parekh Bengaluru; India Chief Executive Offieer and Managing Director April 17 , 2025 Certain statements in this release concerning our future growth prospects, our future financial or operating performance, the McCamish cybersecurity incident and the related review and notification process are forward looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a or outcomes t0 differ materially from those in such forward-looking statements. The risks and uncertainties number of risks and uncertainties that could cause actual results", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 45, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "33fdafcca3326023"}, {"chunk_id": "0d572503e35c2af0", "content": "or outcomes t0 differ materially from those in such forward-looking statements. The risks and uncertainties number of risks and uncertainties that could cause actual results relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent our ability to ability to effectively implement a hybrid working model, economic uncertainties and geo: retain personnel, increase in wages, investments to reskill our employees_ attract our and political situations, technological disruptions and innovations such as Generative Al, the complex and evolving regulatory landscape including immigration regulation changes, capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity: capital resources, our corporate our ESG vision, our actions including acquisitions, the amount of any additional costs, including indemnities or damages or claims, resulting directly_or indirectly from the McCamish cybersecurity incident anduthe outcome) and effect of pending litigation: Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31 ,", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 45, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "33fdafcca3326023"}, {"chunk_id": "1d92d6fe3e881b14", "content": "statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31 , make additional written and oral forward-looking statements , including statements 2024. These flings are available at https:IIWW sec govl . Infosys may;, from time to time contained in the Companys filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward- looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 45, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "33fdafcca3326023"}, {"chunk_id": "0a56b8d955f4f2ec", "content": "e Growth of 4.2% in CC, operating margin expansion of 0.5% in FY25 Highest ever Free Cash Flow at $4.1 billion for FY25 Bengaluru, India – April 17, 2025: Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, delivered $19,277 million in FY25 revenues, growth of 4.2% in constant currency. Operating margin was at 21.1%, expansion of 0.5% year on year. Free cash flow was the highest ever at $4,088 million, an increase of 41.8% year on year. TCV of large deal wins was $11.6 billion for the year, with 56% net new. FY26 revenue guidance at 0%-3% and operating margin at 20%-22% Q4 revenues were $4,730 million, an increase of 4.8% year on year in constant currency and 3.6% in reported terms. Operating margin was at 21.0%, an increase of 0.9% year on year. \"We have built a resilient organization with sharp focus on client-centricity and responsiveness to the market, thanks to the trust of our clients and dedication of our employees. Our performance for the year has been robust in terms of revenues, expansion in operating margins and highest ever free cash generation”, said Salil Parekh, CEO and MD. “Our depth in AI, cloud and digital and strength in cost efficiency, automation, and consolidation position us well for the needs of our clients”, he added.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 46, "section": "e \nGrowth of 4.2% in CC, operating margin expansion of 0.5% in FY25", "subsection": "\"We have built a resilient organization with sharp focus on client-centricity and responsiveness to the \nmarket, thanks to the trust of our clients and dedication of our employees. Our performance for the year \nhas been robust in terms of revenues, expansion in operating margins and highest ever free cash \ngeneration”, said Salil Parekh, CEO and MD. “Our depth in AI, cloud and digital and strength in cost \nefficiency, automation, and consolidation position us well for the needs of our clients”, he added.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "dae2e729c5d49af3"}, {"chunk_id": "fbf828a64a5a73d3", "content": "$4.1 Bn FY $0.9 Bn Q4 • Revenue growth of 0%-3% in constant currency • Operating margin of 20%-22% For the quarter ended March 31, 2025 • Revenues in CC terms grew by 4.8% YoY and For the year ended March 31, 2025 • Revenues in CC terms grew by 4.2% YoY • Reported revenues at `162,990 crore, growth declined by 3.5% QoQ • Reported revenues at `40,925 crore, growth of 7.9% YoY • Operating margin at 21.0%, increase of 0.9% of 6.1% YoY • Operating margin at 21.1%, growth of 0.5% YoY • Basic EPS at `64.50, growth of 1.8% YoY • FCF at `34,549 crore, growth of 44.8% YoY; YoY and decline of 0.3% QoQ • Basic EPS at `16.98, decline of 11.8% YoY • FCF at `7,737 crore, growth of 10.0% YoY; FCF conversion at 109.9% of net profit FCF conversion at 129.2% of net profit \"FY25 operating margins expanded by 0.5% which reflects our relentless focus on identifying opportunities for efficiency and executing Project Maximus with discipline, after navigating through multiple headwinds in a challenging macro environment. We delivered the highest ever free cash flows in the history of the company in FY25,” said Jayesh Sanghrajka, CFO. The Board has proposed a final dividend of `22, which along with the interim dividend, is an increase of 13.2% over last year.\" he added. *EPS Increase post normalization of Income Tax refunds Infosys Limited – Press Release Page 1 of 7", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 46, "section": "$4.1 Bn FY \n$0.9 Bn Q4", "subsection": "\"FY25 operating margins expanded by 0.5% which reflects our relentless focus on identifying opportunities \nfor efficiency and executing Project Maximus with discipline, after navigating through multiple headwinds \nin a challenging macro environment. We delivered the highest ever free cash flows in the history of the \ncompany in FY25,” said Jayesh Sanghrajka, CFO. The Board has proposed a final dividend of `22, \nwhich along with the interim dividend, is an increase of 13.2% over last year.\" he added. \n \n \n*EPS Increase post normalization of Income Tax refunds", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "901d0229800301b9"}, {"chunk_id": "4e3a1401a48a758e", "content": "1. Client wins & Testimonials • Infosys announced the expansion of its long-standing strategic collaboration with Citizens to Propel AI-led Transformation. Michael Ruttledge, Chief Information Officer, Citizens Financial Group, said, “Infosys has been a key strategic collaborator in Citizens’ next-gen transformation program for the last five years. Together, we have not only modernized our technology landscape with domain-centric, cloud native platforms but also built a foundation for future growth aligned with Citizens’ north star technology vision without losing focus on resiliency and stability.” • Infosys announced the expansion of its collaboration with Siemens AG to accelerate Siemens AG digital learning initiatives with generative AI. Jenny Lin, Global Head of Learning & Growth at Siemens AG, said, “A thriving learning and growth environment is essential for Siemens to maintain our competitive edge and foster innovation. By providing our people with the tools, resources, and support they need to continuously develop their skills, we empower our people to meet the challenges of the future. Infosys' expertise in digital transformation and AI is very valuable in creating a more engaging and effective learning experience for everyone. By leveraging GenAI on Siemens’ digital learning platform we can foster a culture of lifelong learning and empower our teams to reach their full potential.” •", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 48, "section": "Press Release", "subsection": "Key Digital Services \n• \nPositioned as a leader in The Forrester WaveTM: Modern Application Development Services, \nQ1 2025 \n• \nRated as a leader in Custom Application Development Services PEAK Matrix® Assessment \n2025 by Everest Group \n• \nRated as a leader in Application Management Services PEAK Matrix® Assessment 2025 by \nEverest Group \n• \nRated as a leader in SAP Business Application Services PEAK Matrix® Assessment 2025 by \nEverest Group \n• \nRated as a leader in IDC MarketScape: Worldwide SAP Implementation Services 2025 Vendor \nAssessment \n• \nRated as a leader in IDC MarketScape: Worldwide IIoT Engineering and Managed Services \n• \nRated as a leader in IDC MarketScape: Worldwide IIoT Consulting and Integration Services \n• \nRecognized as a leader in HFS Horizons: Salesforce Services, 2025 \n• \nRecognized as a leader in HFS Horizons: Generative Enterprise Services, 2025 \n• \nRecognized as a leader in Cognitive & Self-Healing IT Infrastructure Management Solutions \n2025 by NelsonHall \n• \nPositioned as a leader in Constellation ShortListTM: Cybersecurity Services \n• \nPositioned as a leader in Constellation ShortListTM: Innovation Services and Engineering \n• \nPositioned as a leader in Constellation ShortListTM: Microsoft End-to-End Service Providers", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ad25498339423780"}, {"chunk_id": "5446a4e2c00575ad", "content": "By leveraging GenAI on Siemens’ digital learning platform we can foster a culture of lifelong learning and empower our teams to reach their full potential.” • Infosys announced a strategic, long-term collaboration with Lufthansa Group (LHG) and Lufthansa Systems GmbH (LSY) to accelerate digital transformation and drive innovation in the aviation industry. Thomas Wittmann – CEO, Lufthansa Systems, said, \"At Lufthansa Systems, we champion a modular approach to solutions and collaborations, ensuring adaptability and tailoring to the unique needs of each airline. This principle extends perfectly to our collaboration with Infosys. By combining our deep aviation expertise with Infosys's global technology prowess and establishing a dedicated Global Capability Center (GCC), we are not only enhancing our one-stop-shop offerings but also accelerating the pace of digital innovation across the aviation industry. This collaboration empowers us to deliver cutting-edge solutions with greater agility and scale, ultimately benefiting our airline customers with more efficient, innovative, and cost-effective technologies.\" • Infosys announced a successful collaboration with LKQ Europe to adopt a unified, cloud-based digital platform to streamline its HR processes across 18 countries, leveraging Infosys Cobalt. David Brookfield, Vice President, Human Resources, LKQ Europe, said, “Our", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 48, "section": "Press Release", "subsection": "Key Digital Services \n• \nPositioned as a leader in The Forrester WaveTM: Modern Application Development Services, \nQ1 2025 \n• \nRated as a leader in Custom Application Development Services PEAK Matrix® Assessment \n2025 by Everest Group \n• \nRated as a leader in Application Management Services PEAK Matrix® Assessment 2025 by \nEverest Group \n• \nRated as a leader in SAP Business Application Services PEAK Matrix® Assessment 2025 by \nEverest Group \n• \nRated as a leader in IDC MarketScape: Worldwide SAP Implementation Services 2025 Vendor \nAssessment \n• \nRated as a leader in IDC MarketScape: Worldwide IIoT Engineering and Managed Services \n• \nRated as a leader in IDC MarketScape: Worldwide IIoT Consulting and Integration Services \n• \nRecognized as a leader in HFS Horizons: Salesforce Services, 2025 \n• \nRecognized as a leader in HFS Horizons: Generative Enterprise Services, 2025 \n• \nRecognized as a leader in Cognitive & Self-Healing IT Infrastructure Management Solutions \n2025 by NelsonHall \n• \nPositioned as a leader in Constellation ShortListTM: Cybersecurity Services \n• \nPositioned as a leader in Constellation ShortListTM: Innovation Services and Engineering \n• \nPositioned as a leader in Constellation ShortListTM: Microsoft End-to-End Service Providers", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ad25498339423780"}, {"chunk_id": "fd5c19eb46a43e7c", "content": "digital platform to streamline its HR processes across 18 countries, leveraging Infosys Cobalt. David Brookfield, Vice President, Human Resources, LKQ Europe, said, “Our collaboration with Infosys is a crucial step in helping us harmonize and simplify our wider business processes – ultimately enabling faster delivery and better service for our end customers. Through the platform, we will unify our HR processes across locations to drive efficiency and enhance regulatory compliance. Looking ahead, we believe this platform will empower our workforce and foster a more cohesive organizational culture, enabling us to continue leading the automotive aftermarket industry.” • Infosys announced the launch of its open-source Responsible AI Toolkit designed to help enterprises innovate responsibly while addressing the challenges and risks associated with ethical AI adoption. Sunil Abraham, Public Policy Director - Data Economy and Emerging Tech, Meta, said, “We congratulate Infosys on launching an openly available Responsible AI Toolkit, which will contribute to advancing safe and responsible AI through open innovation. Open-source code and open datasets is essential to empower a broad spectrum of AI innovators, builders, and adopters with the information and tools needed to harness the advancements in ways that prioritize safety, diversity, economic opportunity and benefits to all.” Infosys Limited – Press Release Page 2 of 7 •", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 48, "section": "Press Release", "subsection": "Key Digital Services \n• \nPositioned as a leader in The Forrester WaveTM: Modern Application Development Services, \nQ1 2025 \n• \nRated as a leader in Custom Application Development Services PEAK Matrix® Assessment \n2025 by Everest Group \n• \nRated as a leader in Application Management Services PEAK Matrix® Assessment 2025 by \nEverest Group \n• \nRated as a leader in SAP Business Application Services PEAK Matrix® Assessment 2025 by \nEverest Group \n• \nRated as a leader in IDC MarketScape: Worldwide SAP Implementation Services 2025 Vendor \nAssessment \n• \nRated as a leader in IDC MarketScape: Worldwide IIoT Engineering and Managed Services \n• \nRated as a leader in IDC MarketScape: Worldwide IIoT Consulting and Integration Services \n• \nRecognized as a leader in HFS Horizons: Salesforce Services, 2025 \n• \nRecognized as a leader in HFS Horizons: Generative Enterprise Services, 2025 \n• \nRecognized as a leader in Cognitive & Self-Healing IT Infrastructure Management Solutions \n2025 by NelsonHall \n• \nPositioned as a leader in Constellation ShortListTM: Cybersecurity Services \n• \nPositioned as a leader in Constellation ShortListTM: Innovation Services and Engineering \n• \nPositioned as a leader in Constellation ShortListTM: Microsoft End-to-End Service Providers", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ad25498339423780"}, {"chunk_id": "0f3c933bfda9fe61", "content": "advancements in ways that prioritize safety, diversity, economic opportunity and benefits to all.” Infosys Limited – Press Release Page 2 of 7 • Infosys announced a strategic collaboration with Ontex Group N.V. to drive their ERP transformation. Jeroen Dejonckheere, VP Business Transformation, Ontex, said \"We are excited to collaborate with Infosys on our business transformation journey for modernising our ERP systems to SAP S/4HANA. We also look forward to leveraging Infosys Topaz and embrace the power of AI for our enterprise growth. This will be a significant step forward for us to deliver exceptional experiences for our employees, suppliers, and customers.” 2. Recognitions & Awards Brand • Recognized as one of the World’s Most Ethical Companies in 2025 for the fifth consecutive year by Ethisphere • Recognized as the Global Top Employer 2025 for the fifth consecutive year by the Top Employers Institute • Recognized as a Top 3 IT services brand and the fastest growing IT services brand globally in the Brand Finance Global 500 2025 report • Featured in 2025 LinkedIn’s Top Companies list in India, US, and Canada AI and Cloud Services • Positioned as a leader in The Forrester WaveTM: Application Modernization and Multicloud Managed Services, Q1 2025 • Rated as a leader in IDC MarketScape: EMEA Industry Cloud Professional Services 2024-2025 Vendor Assessment •", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 48, "section": "Press Release", "subsection": "Key Digital Services \n• \nPositioned as a leader in The Forrester WaveTM: Modern Application Development Services, \nQ1 2025 \n• \nRated as a leader in Custom Application Development Services PEAK Matrix® Assessment \n2025 by Everest Group \n• \nRated as a leader in Application Management Services PEAK Matrix® Assessment 2025 by \nEverest Group \n• \nRated as a leader in SAP Business Application Services PEAK Matrix® Assessment 2025 by \nEverest Group \n• \nRated as a leader in IDC MarketScape: Worldwide SAP Implementation Services 2025 Vendor \nAssessment \n• \nRated as a leader in IDC MarketScape: Worldwide IIoT Engineering and Managed Services \n• \nRated as a leader in IDC MarketScape: Worldwide IIoT Consulting and Integration Services \n• \nRecognized as a leader in HFS Horizons: Salesforce Services, 2025 \n• \nRecognized as a leader in HFS Horizons: Generative Enterprise Services, 2025 \n• \nRecognized as a leader in Cognitive & Self-Healing IT Infrastructure Management Solutions \n2025 by NelsonHall \n• \nPositioned as a leader in Constellation ShortListTM: Cybersecurity Services \n• \nPositioned as a leader in Constellation ShortListTM: Innovation Services and Engineering \n• \nPositioned as a leader in Constellation ShortListTM: Microsoft End-to-End Service Providers", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ad25498339423780"}, {"chunk_id": "b104a2204d19383a", "content": "Managed Services, Q1 2025 • Rated as a leader in IDC MarketScape: EMEA Industry Cloud Professional Services 2024-2025 Vendor Assessment • Recognized as leader in ISG Intelligent Automation - Services 2024 Provider lens™ study in US and Europe • Recognized as leader in ISG Advanced Analytics and AI Services 2024 Provider lens™ study in US and Europe • Recognized as leader in ISG Oracle Cloud and Technology Ecosystem 2024 Provider lens™ study in US, APAC and Europe Key Digital Services • Positioned as a leader in The Forrester WaveTM: Modern Application Development Services, Q1 2025 • Rated as a leader in Custom Application Development Services PEAK Matrix® Assessment 2025 by Everest Group • Rated as a leader in Application Management Services PEAK Matrix® Assessment 2025 by Everest Group • Rated as a leader in SAP Business Application Services PEAK Matrix® Assessment 2025 by Everest Group • Rated as a leader in IDC MarketScape: Worldwide SAP Implementation Services 2025 Vendor Assessment • Rated as a leader in IDC MarketScape: Worldwide IIoT Engineering and Managed Services • Rated as a leader in IDC MarketScape: Worldwide IIoT Consulting and Integration Services • Recognized as a leader in HFS Horizons: Salesforce Services, 2025 • Recognized as a leader in HFS Horizons: Generative Enterprise Services, 2025 • Recognized as a leader in Cognitive & Self-Healing IT Infrastructure Management Solutions", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 48, "section": "Press Release", "subsection": "Key Digital Services \n• \nPositioned as a leader in The Forrester WaveTM: Modern Application Development Services, \nQ1 2025 \n• \nRated as a leader in Custom Application Development Services PEAK Matrix® Assessment \n2025 by Everest Group \n• \nRated as a leader in Application Management Services PEAK Matrix® Assessment 2025 by \nEverest Group \n• \nRated as a leader in SAP Business Application Services PEAK Matrix® Assessment 2025 by \nEverest Group \n• \nRated as a leader in IDC MarketScape: Worldwide SAP Implementation Services 2025 Vendor \nAssessment \n• \nRated as a leader in IDC MarketScape: Worldwide IIoT Engineering and Managed Services \n• \nRated as a leader in IDC MarketScape: Worldwide IIoT Consulting and Integration Services \n• \nRecognized as a leader in HFS Horizons: Salesforce Services, 2025 \n• \nRecognized as a leader in HFS Horizons: Generative Enterprise Services, 2025 \n• \nRecognized as a leader in Cognitive & Self-Healing IT Infrastructure Management Solutions \n2025 by NelsonHall \n• \nPositioned as a leader in Constellation ShortListTM: Cybersecurity Services \n• \nPositioned as a leader in Constellation ShortListTM: Innovation Services and Engineering \n• \nPositioned as a leader in Constellation ShortListTM: Microsoft End-to-End Service Providers", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ad25498339423780"}, {"chunk_id": "15407c9b4f9432a6", "content": "• Recognized as a leader in HFS Horizons: Generative Enterprise Services, 2025 • Recognized as a leader in Cognitive & Self-Healing IT Infrastructure Management Solutions 2025 by NelsonHall • Positioned as a leader in Constellation ShortListTM: Cybersecurity Services • Positioned as a leader in Constellation ShortListTM: Innovation Services and Engineering • Positioned as a leader in Constellation ShortListTM: Microsoft End-to-End Service Providers Infosys Limited – Press Release Page 3 of 7", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 48, "section": "Press Release", "subsection": "Key Digital Services \n• \nPositioned as a leader in The Forrester WaveTM: Modern Application Development Services, \nQ1 2025 \n• \nRated as a leader in Custom Application Development Services PEAK Matrix® Assessment \n2025 by Everest Group \n• \nRated as a leader in Application Management Services PEAK Matrix® Assessment 2025 by \nEverest Group \n• \nRated as a leader in SAP Business Application Services PEAK Matrix® Assessment 2025 by \nEverest Group \n• \nRated as a leader in IDC MarketScape: Worldwide SAP Implementation Services 2025 Vendor \nAssessment \n• \nRated as a leader in IDC MarketScape: Worldwide IIoT Engineering and Managed Services \n• \nRated as a leader in IDC MarketScape: Worldwide IIoT Consulting and Integration Services \n• \nRecognized as a leader in HFS Horizons: Salesforce Services, 2025 \n• \nRecognized as a leader in HFS Horizons: Generative Enterprise Services, 2025 \n• \nRecognized as a leader in Cognitive & Self-Healing IT Infrastructure Management Solutions \n2025 by NelsonHall \n• \nPositioned as a leader in Constellation ShortListTM: Cybersecurity Services \n• \nPositioned as a leader in Constellation ShortListTM: Innovation Services and Engineering \n• \nPositioned as a leader in Constellation ShortListTM: Microsoft End-to-End Service Providers", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ad25498339423780"}, {"chunk_id": "ec806ad758030c64", "content": "• Positioned as a leader in Constellation ShortListTM: QA Tools for NextGen Apps • Recognized as leader in ISG Mainframe Services 2025 Provider lens™ study in US, Europe, and US Public Services • Positioned as a leader in CapioIT APAC Salesforce SI and Solutions Providers Ecosystem Capture Share Report, 2025 Industry & Solutions • Recognized as a leader in HFS Horizons: Telecom Service Providers, 2025 • Recognized as a leader in Core Banking Services 2025 by NelsonHall • Recognized as leader in ISG Oil & Gas Industry - Services and Solutions 2024 Provider lens™ study in Europe and North America • Recognized as leader in ISG Healthcare Digital Services 2024 ISG Provider lens™ study in US • Recognized as leader in ISG Insurance Services 2024 Provider lens™ study in North America, ANZ and Europe • Recognized as leader in ISG Telecom, Media & Entertainment Industry Services 2024 Provider lens™ study in EMEA • Recognized as leader in ISG Manufacturing Industry Services 2024 Provider lens™ study in North America and Europe • Recognized as leader in ISG Sustainability and ESG 2024 Provider lens™ study in Australia, US and Europe • Recognized as leader in ISG Power & Utilities Services 2024 Provider lens™ study in North America, Europe and APAC • Infosys Finacle received the Technology & Innovation Award under the Best Solution for Trade & Supply Chain category at the TMI Awards for Innovation & Excellence – 2024 •", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 51, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "db6144a7a2577f68"}, {"chunk_id": "f46dacecab1dc0a9", "content": "America, Europe and APAC • Infosys Finacle received the Technology & Innovation Award under the Best Solution for Trade & Supply Chain category at the TMI Awards for Innovation & Excellence – 2024 • Infosys Finacle alongside its clients Newcastle Permanent (NP), Union Bank of Philippines, and Axis Bank received recognition at the Retail Banker International Asia Trailblazer Awards 2025 for Best Partnership for Customer Experience (with NP), Best Open Banking Initiative (with Union Bank of Philippines), and Best Strategic Partnership (with Axis Bank) • Infosys Finacle alongside its clients Zand Bank, Emirates NBD, Union Bank of Philippines, and Arab National Bank received recognition at the Global Business Magazine Winners 2025 for Best Digital-First Bank UAE 2025 (Zand Bank), Best Cloud-Based Core Banking Implementation Saudi Arabia 2025 (Emirates NBD), Best Customer Experience Innovation Philippines 2025 (Union Bank of Philippines), and Outstanding Digital Banking Transformation Saudi Arabia 2025 (Arab National Bank) • Infosys Finacle recognized as a leader in the 2025 Gartner® Magic Quadrant™ for Retail Core Banking Systems, Europe • Infosys BPM received the SSON North America Impact Awards 2025 with T-Mobile in the 'Customer Centricity' category Read more about our Awards & Recognitions here. Infosys Limited – Press Release Page 4 of 7 Infosys is a global leader in next-generation digital services and consulting.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 51, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "db6144a7a2577f68"}, {"chunk_id": "361b741fa69fa2a2", "content": "'Customer Centricity' category Read more about our Awards & Recognitions here. Infosys Limited – Press Release Page 4 of 7 Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by the cloud. We enable them with an AI- powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace. Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next. Certain statements in this release concerning our future growth prospects, our future financial or operating performance, the McCamish cybersecurity incident are forward looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 51, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "db6144a7a2577f68"}, {"chunk_id": "2349df5344416514", "content": "harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid working model, economic uncertainties and geo-political situations, technological disruptions and innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, the amount of any additional costs, including indemnities or damages or claims, resulting directly or indirectly from the McCamish cybersecurity incident and the outcome and effect of related litigation. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 51, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "db6144a7a2577f68"}, {"chunk_id": "95cf8b3668508426", "content": "Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2024. These filings are available at https://www.sec.gov/. Infosys may, from time to time, make additional written and oral forward- looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law. Investor Relations Sandeep Mahindroo +91 80 3980 1018 Sandeep_Mahindroo@infosys.com Media Relations Rishi Basu +91 80 4156 3998 Harini Babu +1 469 996 3516 Rajarshi.Basu@infosys.com Harini_Babu@infosys.com Infosys Limited – Press Release Page 5 of 7 Infosys Limited and subsidiaries Extracted from the Condensed Consolidated Balance Sheet under IFRS as at: (in ₹ crore) March 31, 2025 March 31, 2024 ASSETS Cash and cash equivalents 24,455 14,786 Current investments 12,482 12,915 Trade receivables 31,158 30,193 Unbilled revenue 12,851 12,768 Other current assets 16,153 18,770 Total current assets 97,099 89,432 Property, plant and equipment and Right-of-use assets 19,111 19,370 Goodwill and other Intangible assets 12,872 8,700 Non-current investments 11,059 11,708 Unbilled revenue 2,232 1,780", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 51, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "db6144a7a2577f68"}, {"chunk_id": "82af6ec7bfa4ef27", "content": "16,153 18,770 Total current assets 97,099 89,432 Property, plant and equipment and Right-of-use assets 19,111 19,370 Goodwill and other Intangible assets 12,872 8,700 Non-current investments 11,059 11,708 Unbilled revenue 2,232 1,780 Other non-current assets 6,530 6,824 Total non-current assets 51,804 48,382 Total assets 148,903 137,814 LIABILITIES AND EQUITY Current liabilities Trade payables 4,164 3,956 Unearned revenue 8,492 7,341 Employee benefit obligations 2,908 2,622", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 51, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "db6144a7a2577f68"}, {"chunk_id": "d603ed5ab91f7852", "content": "Other current liabilities and provisions 27,286 24,875 Total current liabilities 42,850 38,794 Non-current liabilities Lease liabilities 5,772 6,400 Other non-current liabilities 4,078 4,159 Total non-current liabilities 9,850 10,559 Total liabilities 52,700 49,353 Total equity attributable to equity holders of the company 95,818 88,116 Non-controlling interests 385 345 Total equity 96,203 88,461 Total liabilities and equity 148,903 137,814 Extracted from the Condensed Consolidated statement of Comprehensive Income under IFRS for: (in ₹ crore except per equity share data) 3 months ended Year ended March 31, 2025 Year ended March 31, 2024 Revenues 40,925 37,923 162,990 153,670 Cost of sales 28,575 26,748 113,347 107,413 Gross profit 12,350 11,175 49,643 46,257 Operating expenses: Selling and marketing expenses 1,957 1,735 7,588 6,973 Administrative expenses 1,818 1,819 7,631 7,537 Total operating expenses 3,775 3,554 15,219 14,510 Operating profit 8,575 7,621 34,424 31,747 Other income, net (3)(4) 1,088 2,619 3,184 4,241 Profit before income taxes 9,663 10,240 37,608 35,988 Income tax expense 2,625 2,265 10,858 9,740 Net profit (before minority interest) 7,038 7,975 26,750 26,248 Net profit (after minority interest) 7,033 7,969 26,713 26,233 Basic EPS (₹) (4) 16.98 19.25 64.50 63.39 Diluted EPS (₹) (4) 16.94 19.22 64.34 63.29 Infosys Limited – Press Release Page 6 of 7 1. The above information is extracted from the audited condensed consolidated Balance sheet and Statement of Comprehensive Income for the quarter and year ended March 31, 2025, which have been taken on record at the Board meeting held on April 17, 2025. 2.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 52, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a429b870a7ed51be"}, {"chunk_id": "25a67453a4c67060", "content": "of Comprehensive Income for the quarter and year ended March 31, 2025, which have been taken on record at the Board meeting held on April 17, 2025. 2. A Fact Sheet providing the operating metrics of the Company can be downloaded from www.infosys.com. 3. Other income is net of Finance Cost. 4. Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 crores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, from the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately ₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024. 5. As the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures reported for the previous quarter might not always add up to the year ended figures reported in this statement. Infosys Limited – Press Release Page 7 of 7", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 52, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a429b870a7ed51be"}, {"chunk_id": "d65cd97cf9cde2b5", "content": "e Growth of 4.2% in CC, operating margin expansion of 0.5% in FY25 Highest ever Free Cash Flow at $4.1 billion for FY25 FY26 revenue guidance at 0%-3% and operating margin at 20%-22% Bengaluru, India – April 17, 2025: Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, delivered $19,277 million in FY25 revenues, growth of 4.2% in constant currency. Operating margin was at 21.1%, expansion of 0.5% year on year. Free cash flow was the highest ever at $4,088 million, an increase of 41.8% year on year. TCV of large deal wins was $11.6 billion for the year, with 56% net new. Q4 revenues were $4,730 million, an increase of 4.8% year on year in constant currency and 3.6% in reported terms. Operating margin was at 21.0%, an increase of 0.9% year on year. \"We have built a resilient organization with sharp focus on client-centricity and responsiveness to the market, thanks to the trust of our clients and dedication of our employees. Our performance for the year has been robust in terms of revenues, expansion in operating margins and highest ever free cash generation”, said Salil Parekh, CEO and MD. “Our depth in AI, cloud and digital and strength in cost efficiency, automation, and consolidation position us well for the needs of our clients”, he added.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 53, "section": "e \nGrowth of 4.2% in CC, operating margin expansion of 0.5% in FY25", "subsection": "\"We have built a resilient organization with sharp focus on client-centricity and responsiveness to the \nmarket, thanks to the trust of our clients and dedication of our employees. Our performance for the year \nhas been robust in terms of revenues, expansion in operating margins and highest ever free cash \ngeneration”, said Salil Parekh, CEO and MD. “Our depth in AI, cloud and digital and strength in cost \nefficiency, automation, and consolidation position us well for the needs of our clients”, he added.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "040d1808bc9b5d10"}, {"chunk_id": "59749efc4d9cc8df", "content": "• Revenue growth of 0%-3% in constant currency • Operating margin of 20%-22% For the quarter ended March 31, 2025 • Revenues in CC terms grew by 4.8% YoY and For the year ended March 31, 2025 • Revenues in CC terms grew by 4.2% YoY • Reported revenues at $19,277 million, growth declined by 3.5% QoQ • Reported revenues at $4,730 million, growth of 3.6% YoY • Operating margin at 21.0%, increase of 0.9% of 3.9% YoY • Operating margin at 21.1%, growth of 0.5% YoY and decline of 0.3% QoQ • Basic EPS at $0.20, decline of 15.2% YoY • FCF at $892 million, growth of 5.2% YoY; YoY • Basic EPS at $0.76, decline of 0.3% YoY • FCF at $4,088 million, growth of 41.8% YoY; FCF conversion at 109.6% of net profit FCF conversion at 129.3% of net profit \"FY25 operating margins expanded by 0.5% which reflects our relentless focus on identifying opportunities for efficiency and executing Project Maximus with discipline, after navigating through multiple headwinds in a challenging macro environment. We delivered the highest ever free cash flows in the history of the company in FY25,” said Jayesh Sanghrajka, CFO. The Board has proposed a final dividend of `22, which along with the interim dividend, is an increase of 13.2% over last year.\" he added. *EPS Increase post normalization of Income Tax refunds Infosys Limited – Press Release Page 1 of 7", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 53, "section": "$2.6 Bn Q4", "subsection": "\"FY25 operating margins expanded by 0.5% which reflects our relentless focus on identifying opportunities \nfor efficiency and executing Project Maximus with discipline, after navigating through multiple headwinds \nin a challenging macro environment. We delivered the highest ever free cash flows in the history of the \ncompany in FY25,” said Jayesh Sanghrajka, CFO. The Board has proposed a final dividend of `22, \nwhich along with the interim dividend, is an increase of 13.2% over last year.\" he added. \n \n*EPS Increase post normalization of Income Tax refunds", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "87159cd6b19c053c"}, {"chunk_id": "4e3a1401a48a758e", "content": "1. Client wins & Testimonials • Infosys announced the expansion of its long-standing strategic collaboration with Citizens to Propel AI-led Transformation. Michael Ruttledge, Chief Information Officer, Citizens Financial Group, said, “Infosys has been a key strategic collaborator in Citizens’ next-gen transformation program for the last five years. Together, we have not only modernized our technology landscape with domain-centric, cloud native platforms but also built a foundation for future growth aligned with Citizens’ north star technology vision without losing focus on resiliency and stability.” • Infosys announced the expansion of its collaboration with Siemens AG to accelerate Siemens AG digital learning initiatives with generative AI. Jenny Lin, Global Head of Learning & Growth at Siemens AG, said, “A thriving learning and growth environment is essential for Siemens to maintain our competitive edge and foster innovation. By providing our people with the tools, resources, and support they need to continuously develop their skills, we empower our people to meet the challenges of the future. Infosys' expertise in digital transformation and AI is very valuable in creating a more engaging and effective learning experience for everyone. By leveraging GenAI on Siemens’ digital learning platform we can foster a culture of lifelong learning and empower our teams to reach their full potential.” •", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 55, "section": "Press Release", "subsection": "Key Digital Services \n• \nPositioned as a leader in The Forrester WaveTM: Modern Application Development Services, \nQ1 2025 \n• \nRated as a leader in Custom Application Development Services PEAK Matrix® Assessment \n2025 by Everest Group \n• \nRated as a leader in Application Management Services PEAK Matrix® Assessment 2025 by \nEverest Group \n• \nRated as a leader in SAP Business Application Services PEAK Matrix® Assessment 2025 by \nEverest Group \n• \nRated as a leader in IDC MarketScape: Worldwide SAP Implementation Services 2025 Vendor \nAssessment \n• \nRated as a leader in IDC MarketScape: Worldwide IIoT Engineering and Managed Services \n• \nRated as a leader in IDC MarketScape: Worldwide IIoT Consulting and Integration Services \n• \nRecognized as a leader in HFS Horizons: Salesforce Services, 2025 \n• \nRecognized as a leader in HFS Horizons: Generative Enterprise Services, 2025 \n• \nRecognized as a leader in Cognitive & Self-Healing IT Infrastructure Management Solutions \n2025 by NelsonHall \n• \nPositioned as a leader in Constellation ShortListTM: Cybersecurity Services \n• \nPositioned as a leader in Constellation ShortListTM: Innovation Services and Engineering \n• \nPositioned as a leader in Constellation ShortListTM: Microsoft End-to-End Service Providers", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ad25498339423780"}, {"chunk_id": "5446a4e2c00575ad", "content": "By leveraging GenAI on Siemens’ digital learning platform we can foster a culture of lifelong learning and empower our teams to reach their full potential.” • Infosys announced a strategic, long-term collaboration with Lufthansa Group (LHG) and Lufthansa Systems GmbH (LSY) to accelerate digital transformation and drive innovation in the aviation industry. Thomas Wittmann – CEO, Lufthansa Systems, said, \"At Lufthansa Systems, we champion a modular approach to solutions and collaborations, ensuring adaptability and tailoring to the unique needs of each airline. This principle extends perfectly to our collaboration with Infosys. By combining our deep aviation expertise with Infosys's global technology prowess and establishing a dedicated Global Capability Center (GCC), we are not only enhancing our one-stop-shop offerings but also accelerating the pace of digital innovation across the aviation industry. This collaboration empowers us to deliver cutting-edge solutions with greater agility and scale, ultimately benefiting our airline customers with more efficient, innovative, and cost-effective technologies.\" • Infosys announced a successful collaboration with LKQ Europe to adopt a unified, cloud-based digital platform to streamline its HR processes across 18 countries, leveraging Infosys Cobalt. David Brookfield, Vice President, Human Resources, LKQ Europe, said, “Our", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 55, "section": "Press Release", "subsection": "Key Digital Services \n• \nPositioned as a leader in The Forrester WaveTM: Modern Application Development Services, \nQ1 2025 \n• \nRated as a leader in Custom Application Development Services PEAK Matrix® Assessment \n2025 by Everest Group \n• \nRated as a leader in Application Management Services PEAK Matrix® Assessment 2025 by \nEverest Group \n• \nRated as a leader in SAP Business Application Services PEAK Matrix® Assessment 2025 by \nEverest Group \n• \nRated as a leader in IDC MarketScape: Worldwide SAP Implementation Services 2025 Vendor \nAssessment \n• \nRated as a leader in IDC MarketScape: Worldwide IIoT Engineering and Managed Services \n• \nRated as a leader in IDC MarketScape: Worldwide IIoT Consulting and Integration Services \n• \nRecognized as a leader in HFS Horizons: Salesforce Services, 2025 \n• \nRecognized as a leader in HFS Horizons: Generative Enterprise Services, 2025 \n• \nRecognized as a leader in Cognitive & Self-Healing IT Infrastructure Management Solutions \n2025 by NelsonHall \n• \nPositioned as a leader in Constellation ShortListTM: Cybersecurity Services \n• \nPositioned as a leader in Constellation ShortListTM: Innovation Services and Engineering \n• \nPositioned as a leader in Constellation ShortListTM: Microsoft End-to-End Service Providers", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ad25498339423780"}, {"chunk_id": "fd5c19eb46a43e7c", "content": "digital platform to streamline its HR processes across 18 countries, leveraging Infosys Cobalt. David Brookfield, Vice President, Human Resources, LKQ Europe, said, “Our collaboration with Infosys is a crucial step in helping us harmonize and simplify our wider business processes – ultimately enabling faster delivery and better service for our end customers. Through the platform, we will unify our HR processes across locations to drive efficiency and enhance regulatory compliance. Looking ahead, we believe this platform will empower our workforce and foster a more cohesive organizational culture, enabling us to continue leading the automotive aftermarket industry.” • Infosys announced the launch of its open-source Responsible AI Toolkit designed to help enterprises innovate responsibly while addressing the challenges and risks associated with ethical AI adoption. Sunil Abraham, Public Policy Director - Data Economy and Emerging Tech, Meta, said, “We congratulate Infosys on launching an openly available Responsible AI Toolkit, which will contribute to advancing safe and responsible AI through open innovation. Open-source code and open datasets is essential to empower a broad spectrum of AI innovators, builders, and adopters with the information and tools needed to harness the advancements in ways that prioritize safety, diversity, economic opportunity and benefits to all.” Infosys Limited – Press Release Page 2 of 7 •", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 55, "section": "Press Release", "subsection": "Key Digital Services \n• \nPositioned as a leader in The Forrester WaveTM: Modern Application Development Services, \nQ1 2025 \n• \nRated as a leader in Custom Application Development Services PEAK Matrix® Assessment \n2025 by Everest Group \n• \nRated as a leader in Application Management Services PEAK Matrix® Assessment 2025 by \nEverest Group \n• \nRated as a leader in SAP Business Application Services PEAK Matrix® Assessment 2025 by \nEverest Group \n• \nRated as a leader in IDC MarketScape: Worldwide SAP Implementation Services 2025 Vendor \nAssessment \n• \nRated as a leader in IDC MarketScape: Worldwide IIoT Engineering and Managed Services \n• \nRated as a leader in IDC MarketScape: Worldwide IIoT Consulting and Integration Services \n• \nRecognized as a leader in HFS Horizons: Salesforce Services, 2025 \n• \nRecognized as a leader in HFS Horizons: Generative Enterprise Services, 2025 \n• \nRecognized as a leader in Cognitive & Self-Healing IT Infrastructure Management Solutions \n2025 by NelsonHall \n• \nPositioned as a leader in Constellation ShortListTM: Cybersecurity Services \n• \nPositioned as a leader in Constellation ShortListTM: Innovation Services and Engineering \n• \nPositioned as a leader in Constellation ShortListTM: Microsoft End-to-End Service Providers", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ad25498339423780"}, {"chunk_id": "0f3c933bfda9fe61", "content": "advancements in ways that prioritize safety, diversity, economic opportunity and benefits to all.” Infosys Limited – Press Release Page 2 of 7 • Infosys announced a strategic collaboration with Ontex Group N.V. to drive their ERP transformation. Jeroen Dejonckheere, VP Business Transformation, Ontex, said \"We are excited to collaborate with Infosys on our business transformation journey for modernising our ERP systems to SAP S/4HANA. We also look forward to leveraging Infosys Topaz and embrace the power of AI for our enterprise growth. This will be a significant step forward for us to deliver exceptional experiences for our employees, suppliers, and customers.” 2. Recognitions & Awards Brand • Recognized as one of the World’s Most Ethical Companies in 2025 for the fifth consecutive year by Ethisphere • Recognized as the Global Top Employer 2025 for the fifth consecutive year by the Top Employers Institute • Recognized as a Top 3 IT services brand and the fastest growing IT services brand globally in the Brand Finance Global 500 2025 report • Featured in 2025 LinkedIn’s Top Companies list in India, US, and Canada AI and Cloud Services • Positioned as a leader in The Forrester WaveTM: Application Modernization and Multicloud Managed Services, Q1 2025 • Rated as a leader in IDC MarketScape: EMEA Industry Cloud Professional Services 2024-2025 Vendor Assessment •", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 55, "section": "Press Release", "subsection": "Key Digital Services \n• \nPositioned as a leader in The Forrester WaveTM: Modern Application Development Services, \nQ1 2025 \n• \nRated as a leader in Custom Application Development Services PEAK Matrix® Assessment \n2025 by Everest Group \n• \nRated as a leader in Application Management Services PEAK Matrix® Assessment 2025 by \nEverest Group \n• \nRated as a leader in SAP Business Application Services PEAK Matrix® Assessment 2025 by \nEverest Group \n• \nRated as a leader in IDC MarketScape: Worldwide SAP Implementation Services 2025 Vendor \nAssessment \n• \nRated as a leader in IDC MarketScape: Worldwide IIoT Engineering and Managed Services \n• \nRated as a leader in IDC MarketScape: Worldwide IIoT Consulting and Integration Services \n• \nRecognized as a leader in HFS Horizons: Salesforce Services, 2025 \n• \nRecognized as a leader in HFS Horizons: Generative Enterprise Services, 2025 \n• \nRecognized as a leader in Cognitive & Self-Healing IT Infrastructure Management Solutions \n2025 by NelsonHall \n• \nPositioned as a leader in Constellation ShortListTM: Cybersecurity Services \n• \nPositioned as a leader in Constellation ShortListTM: Innovation Services and Engineering \n• \nPositioned as a leader in Constellation ShortListTM: Microsoft End-to-End Service Providers", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ad25498339423780"}, {"chunk_id": "b104a2204d19383a", "content": "Managed Services, Q1 2025 • Rated as a leader in IDC MarketScape: EMEA Industry Cloud Professional Services 2024-2025 Vendor Assessment • Recognized as leader in ISG Intelligent Automation - Services 2024 Provider lens™ study in US and Europe • Recognized as leader in ISG Advanced Analytics and AI Services 2024 Provider lens™ study in US and Europe • Recognized as leader in ISG Oracle Cloud and Technology Ecosystem 2024 Provider lens™ study in US, APAC and Europe Key Digital Services • Positioned as a leader in The Forrester WaveTM: Modern Application Development Services, Q1 2025 • Rated as a leader in Custom Application Development Services PEAK Matrix® Assessment 2025 by Everest Group • Rated as a leader in Application Management Services PEAK Matrix® Assessment 2025 by Everest Group • Rated as a leader in SAP Business Application Services PEAK Matrix® Assessment 2025 by Everest Group • Rated as a leader in IDC MarketScape: Worldwide SAP Implementation Services 2025 Vendor Assessment • Rated as a leader in IDC MarketScape: Worldwide IIoT Engineering and Managed Services • Rated as a leader in IDC MarketScape: Worldwide IIoT Consulting and Integration Services • Recognized as a leader in HFS Horizons: Salesforce Services, 2025 • Recognized as a leader in HFS Horizons: Generative Enterprise Services, 2025 • Recognized as a leader in Cognitive & Self-Healing IT Infrastructure Management Solutions", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 55, "section": "Press Release", "subsection": "Key Digital Services \n• \nPositioned as a leader in The Forrester WaveTM: Modern Application Development Services, \nQ1 2025 \n• \nRated as a leader in Custom Application Development Services PEAK Matrix® Assessment \n2025 by Everest Group \n• \nRated as a leader in Application Management Services PEAK Matrix® Assessment 2025 by \nEverest Group \n• \nRated as a leader in SAP Business Application Services PEAK Matrix® Assessment 2025 by \nEverest Group \n• \nRated as a leader in IDC MarketScape: Worldwide SAP Implementation Services 2025 Vendor \nAssessment \n• \nRated as a leader in IDC MarketScape: Worldwide IIoT Engineering and Managed Services \n• \nRated as a leader in IDC MarketScape: Worldwide IIoT Consulting and Integration Services \n• \nRecognized as a leader in HFS Horizons: Salesforce Services, 2025 \n• \nRecognized as a leader in HFS Horizons: Generative Enterprise Services, 2025 \n• \nRecognized as a leader in Cognitive & Self-Healing IT Infrastructure Management Solutions \n2025 by NelsonHall \n• \nPositioned as a leader in Constellation ShortListTM: Cybersecurity Services \n• \nPositioned as a leader in Constellation ShortListTM: Innovation Services and Engineering \n• \nPositioned as a leader in Constellation ShortListTM: Microsoft End-to-End Service Providers", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ad25498339423780"}, {"chunk_id": "15407c9b4f9432a6", "content": "• Recognized as a leader in HFS Horizons: Generative Enterprise Services, 2025 • Recognized as a leader in Cognitive & Self-Healing IT Infrastructure Management Solutions 2025 by NelsonHall • Positioned as a leader in Constellation ShortListTM: Cybersecurity Services • Positioned as a leader in Constellation ShortListTM: Innovation Services and Engineering • Positioned as a leader in Constellation ShortListTM: Microsoft End-to-End Service Providers Infosys Limited – Press Release Page 3 of 7", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 55, "section": "Press Release", "subsection": "Key Digital Services \n• \nPositioned as a leader in The Forrester WaveTM: Modern Application Development Services, \nQ1 2025 \n• \nRated as a leader in Custom Application Development Services PEAK Matrix® Assessment \n2025 by Everest Group \n• \nRated as a leader in Application Management Services PEAK Matrix® Assessment 2025 by \nEverest Group \n• \nRated as a leader in SAP Business Application Services PEAK Matrix® Assessment 2025 by \nEverest Group \n• \nRated as a leader in IDC MarketScape: Worldwide SAP Implementation Services 2025 Vendor \nAssessment \n• \nRated as a leader in IDC MarketScape: Worldwide IIoT Engineering and Managed Services \n• \nRated as a leader in IDC MarketScape: Worldwide IIoT Consulting and Integration Services \n• \nRecognized as a leader in HFS Horizons: Salesforce Services, 2025 \n• \nRecognized as a leader in HFS Horizons: Generative Enterprise Services, 2025 \n• \nRecognized as a leader in Cognitive & Self-Healing IT Infrastructure Management Solutions \n2025 by NelsonHall \n• \nPositioned as a leader in Constellation ShortListTM: Cybersecurity Services \n• \nPositioned as a leader in Constellation ShortListTM: Innovation Services and Engineering \n• \nPositioned as a leader in Constellation ShortListTM: Microsoft End-to-End Service Providers", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ad25498339423780"}, {"chunk_id": "ec806ad758030c64", "content": "• Positioned as a leader in Constellation ShortListTM: QA Tools for NextGen Apps • Recognized as leader in ISG Mainframe Services 2025 Provider lens™ study in US, Europe, and US Public Services • Positioned as a leader in CapioIT APAC Salesforce SI and Solutions Providers Ecosystem Capture Share Report, 2025 Industry & Solutions • Recognized as a leader in HFS Horizons: Telecom Service Providers, 2025 • Recognized as a leader in Core Banking Services 2025 by NelsonHall • Recognized as leader in ISG Oil & Gas Industry - Services and Solutions 2024 Provider lens™ study in Europe and North America • Recognized as leader in ISG Healthcare Digital Services 2024 ISG Provider lens™ study in US • Recognized as leader in ISG Insurance Services 2024 Provider lens™ study in North America, ANZ and Europe • Recognized as leader in ISG Telecom, Media & Entertainment Industry Services 2024 Provider lens™ study in EMEA • Recognized as leader in ISG Manufacturing Industry Services 2024 Provider lens™ study in North America and Europe • Recognized as leader in ISG Sustainability and ESG 2024 Provider lens™ study in Australia, US and Europe • Recognized as leader in ISG Power & Utilities Services 2024 Provider lens™ study in North America, Europe and APAC • Infosys Finacle received the Technology & Innovation Award under the Best Solution for Trade & Supply Chain category at the TMI Awards for Innovation & Excellence – 2024 •", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 58, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "516e0b3b6e645d02"}, {"chunk_id": "f46dacecab1dc0a9", "content": "America, Europe and APAC • Infosys Finacle received the Technology & Innovation Award under the Best Solution for Trade & Supply Chain category at the TMI Awards for Innovation & Excellence – 2024 • Infosys Finacle alongside its clients Newcastle Permanent (NP), Union Bank of Philippines, and Axis Bank received recognition at the Retail Banker International Asia Trailblazer Awards 2025 for Best Partnership for Customer Experience (with NP), Best Open Banking Initiative (with Union Bank of Philippines), and Best Strategic Partnership (with Axis Bank) • Infosys Finacle alongside its clients Zand Bank, Emirates NBD, Union Bank of Philippines, and Arab National Bank received recognition at the Global Business Magazine Winners 2025 for Best Digital-First Bank UAE 2025 (Zand Bank), Best Cloud-Based Core Banking Implementation Saudi Arabia 2025 (Emirates NBD), Best Customer Experience Innovation Philippines 2025 (Union Bank of Philippines), and Outstanding Digital Banking Transformation Saudi Arabia 2025 (Arab National Bank) • Infosys Finacle recognized as a leader in the 2025 Gartner® Magic Quadrant™ for Retail Core Banking Systems, Europe • Infosys BPM received the SSON North America Impact Awards 2025 with T-Mobile in the 'Customer Centricity' category Read more about our Awards & Recognitions here. Infosys Limited – Press Release Page 4 of 7 Infosys is a global leader in next-generation digital services and consulting.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 58, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "516e0b3b6e645d02"}, {"chunk_id": "361b741fa69fa2a2", "content": "'Customer Centricity' category Read more about our Awards & Recognitions here. Infosys Limited – Press Release Page 4 of 7 Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by the cloud. We enable them with an AI- powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace. Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next. Certain statements in this release concerning our future growth prospects, our future financial or operating performance, the McCamish cybersecurity incident are forward looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 58, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "516e0b3b6e645d02"}, {"chunk_id": "2349df5344416514", "content": "harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid working model, economic uncertainties and geo-political situations, technological disruptions and innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, the amount of any additional costs, including indemnities or damages or claims, resulting directly or indirectly from the McCamish cybersecurity incident and the outcome and effect of related litigation. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 58, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "516e0b3b6e645d02"}, {"chunk_id": "64b279a08f77c996", "content": "Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2024. These filings are available at https://www.sec.gov/. Infosys may, from time to time, make additional written and oral forward- looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law. Investor Relations Sandeep Mahindroo +91 80 3980 1018 Sandeep_Mahindroo@infosys.com Media Relations Rishi Basu +91 80 4156 3998 Harini Babu +1 469 996 3516 Rajarshi.Basu@infosys.com Harini_Babu@infosys.com Infosys Limited – Press Release Page 5 of 7 Infosys Limited and subsidiaries Extracted from the Condensed Consolidated Balance Sheet under IFRS as at: (Dollars in millions) March 31, 2025 March 31, 2024 ASSETS Cash and cash equivalents 2,861 1,773 Current investments 1,460 1,548 Trade receivables 3,645 3,620 Unbilled revenue 1,503 1,531 Other current assets 1,890 2,250 Total current assets 11,359 10,722 Property, plant and equipment and Right-of-use assets 2,235 2,323 Goodwill and other Intangible assets 1,505 1,042 Non-current investments 1,294 1,404 Unbilled revenue 261 213", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 58, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "516e0b3b6e645d02"}, {"chunk_id": "2615a2573c92816d", "content": "1,890 2,250 Total current assets 11,359 10,722 Property, plant and equipment and Right-of-use assets 2,235 2,323 Goodwill and other Intangible assets 1,505 1,042 Non-current investments 1,294 1,404 Unbilled revenue 261 213 Other non-current assets 765 819 Total non-current assets 6,060 5,801 Total assets 17,419 16,523 LIABILITIES AND EQUITY Current liabilities Trade payables 487 474 Unearned revenue 994 880 Employee benefit obligations 340 314 Other current liabilities and provisions 3,191 2,983", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 58, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "516e0b3b6e645d02"}, {"chunk_id": "8d55ca3cfb40352b", "content": "Total current liabilities 5,012 4,651 Non-current liabilities Lease liabilities 675 767 Other non-current liabilities 477 500 Total non-current liabilities 1,152 1,267 Total liabilities 6,164 5,918 Total equity attributable to equity holders of the company 11,205 10,559 Non-controlling interests 50 46 Total equity 11,255 10,605 Total liabilities and equity 17,419 16,523 Extracted from the Condensed Consolidated statement of Comprehensive Income under IFRS for: (Dollars in millions except per equity share data) 3 months ended Year ended March 31, 2025 Year ended March 31, 2024 Revenues 4,730 4,564 19,277 18,562 Cost of sales 3,302 3,219 13,405 12,975 Gross profit 1,428 1,345 5,872 5,587 Operating expenses: Selling and marketing expenses 226 209 898 842 Administrative expenses 210 219 903 911 Total operating expenses 436 428 1,801 1,753 Operating profit 992 917 4,071 3,834 Other income, net (3) (4) 125 315 376 512 Profit before income taxes 1,117 1,232 4,447 4,346 Income tax expense (4) 303 273 1,285 1,177 Net profit (before minority interest) 814 959 3,162 3,169 Net profit (after minority interest) 813 958 3,158 3,167 Basic EPS ($) (4) 0.20 0.23 0.76 0.77 Diluted EPS ($) (4) 0.20 0.23 0.76 0.76 Infosys Limited – Press Release Page 6 of 7 1. The above information is extracted from the audited condensed consolidated Balance sheet and Statement of Comprehensive Income for the quarter and year ended March 31, 2025, which have been taken on record at the Board meeting held on April 17, 2025. 2.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 60, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2ea891584e02fa84"}, {"chunk_id": "570be4a85ab9c57f", "content": "of Comprehensive Income for the quarter and year ended March 31, 2025, which have been taken on record at the Board meeting held on April 17, 2025. 2. A Fact Sheet providing the operating metrics of the Company can be downloaded from www.infosys.com. 3. Other income is net of Finance Cost. 4. Includes interest income (pre-tax) of $38Mn with reversal of net tax provisions amounting to $12Mn in FY’25 and interest income (pre-tax) of $232Mn with reversal of net tax provisions amounting to $5Mn in FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, from the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately $0.01 for the quarter and year ended March 31, 2025 and $0.06 for the quarter and year ended March 31, 2024. 5. As the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures reported for the previous quarter might not always add up to the year ended figures reported in this statement. Infosys Limited – Press Release Page 7 of 7 [OCR] Deloitte Chartered Accountants Prestige Trade Tower, Level 19 Haskins & Sells LLP 46, Palace Road, High Grounds Bengaluru-560 001 Karnataka, India Tel: +91 80 6188 6000 Fax: +91 80 6188 6011 INDEPENDENT AUDITOR'S REPORT TO THE BOARD OF DIRECTORS OF INFOSYS LIMITED", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 60, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2ea891584e02fa84"}, {"chunk_id": "65c4ee55cc1f5fea", "content": "Haskins & Sells LLP 46, Palace Road, High Grounds Bengaluru-560 001 Karnataka, India Tel: +91 80 6188 6000 Fax: +91 80 6188 6011 INDEPENDENT AUDITOR'S REPORT TO THE BOARD OF DIRECTORS OF INFOSYS LIMITED Report on the Audit of the Interim Condensed Consolidated Financial Statements Opinion We have audited the accompanying interim condensed consolidated financial statements of Company\") , and its subsidiaries (the Company and its subsidiaries INFOSYS LIMITED (the together referred to 'Group\") , which comprise the as the Condensed Consolidated Balance Sheet as at March 31, 2025, the Condensed Consolidated Statement of Comprehensive Income for the three months and year ended on that date, the Condensed Consolidated Statement of Statement of Cash Flows for the year Changes in Equity and the Condensed Consolidated ended on that date, and notes to the financial statements, including summary of material accounting policies and other explanatory information (hereinafter referred to as the \"Interim Condensed Consolidated Financial Statements\") . In our opinion and to the best of our information and according to the explanations given to a true and fair uS, the aforesaid Interim Condensed Consolidated Financial Statements give conformity with International Accounting Standard 34 \"Interim Financial Reporting view in by the International Accounting 34\") as issued Standards Board (\"IASB\"), of the (\"IAS 31, 2025, its consolidated profit and its", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 60, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2ea891584e02fa84"}, {"chunk_id": "f0c740e24f7cee9b", "content": "conformity with International Accounting Standard 34 \"Interim Financial Reporting view in by the International Accounting 34\") as issued Standards Board (\"IASB\"), of the (\"IAS 31, 2025, its consolidated profit and its consolidated state of affairs of the Group as at March consolidated total comprehensive income for the three months and year ended on that date, its consolidated changes in equity and its consolidated cash flows for the year ended on that date Basis for Opinion Consolidated Financial Statements in We conducted our audit of the Interim Condensed of Chartered accordance with the Standards Auditing (\"SAs\") issued by the Institute on Accountants of India (\"ICAI\"). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Interim Condensed Consolidated Financial Statements section of our report: We are independent of the Group in accordance with the Code of Ethics issued by the ICAI, and we have fulfilled our other ethical responsibilities in We believe that the audit evidence obtained by us is accordance with the Code of Ethics. sufficient and appropriate to provide a basis for our audit opinion on the Interim Condensed Consolidated Financial Statements_ Responsibilities of Management and Board of Directors for the Interim Condensed Consolidated Financial Statements The Company's Board of Directors is responsible for the preparation and presentation of these", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 60, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2ea891584e02fa84"}, {"chunk_id": "cde24867acf7a962", "content": "Financial Statements The Company's Board of Directors is responsible for the preparation and presentation of these Interim Condensed Consolidated Financial Statements that give a true and fair view of the consolidated financial consolidated consolidated performance, total financial position, comprehensive income, consolidated changes in equity and consolidated cash flows of the Group in accordance with IAS 34 as issued by the IASB. The respective Boards of Directors of the entities included in the Group are responsible for maintenance of the adequate accounting records for safeguarding assets of the Group and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance Regd. Office: One International Center, Tower 3,31st floor; Senapati Bapat Marg Elphinstone Road (West) Mumbai-400 013, Maharashtra; India. Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identification No: AAB-8737", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 60, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2ea891584e02fa84"}, {"chunk_id": "550e2d137da3c6c4", "content": "[OCR] Deloitte Haskins & Sells LLP operating   effectively of adequate internal  financial   controls, for   ensuring the that were accounting  records, the  preparation of relevant to and and completeness the accuracy presentation of the respective interim financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error which have been used for the purpose of preparation of the Interim Condensed Consolidated Financial Statements by the Directors of the Company, as aforesaid In preparing the Interim Condensed Consolidated Financial Statements, the respective Boards of Directors of the entities included in the Group are responsible for assessing the ability of the respective entities to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Boards of Directors either intend to liquidate their respective entities or to cease operations, or have no realistic alternative but to do so. The respective Boards of Directors of the entities included in the Group are also responsible for overseeing the financial reporting process of the Group: Auditor's   Responsibilities Condensed Consolidated Financial for the Audit of the Interim Statements about whether the Interim Condensed Our objectives are to obtain reasonable assurance from material misstatement, whether Consolidated Financial Statements as", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 62, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3d8dc58c1ae5badc"}, {"chunk_id": "6b955720912cdbda", "content": "Consolidated Financial for the Audit of the Interim Statements about whether the Interim Condensed Our objectives are to obtain reasonable assurance from material misstatement, whether Consolidated Financial Statements as a whole are free due to fraud or error, and to issue an auditor's report that includes our opinion: Reasonable guarantee that an audit conducted high level of assurance but is not in assurance is accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, could reasonably be expected to influence the economic decisions of users taken on the they basis of these Interim Condensed Consolidated Financial Statements. As part of an audit in accordance with SAS, we exercise professional judgment and maintain professional scepticism throughout the audit: We also: of the Interim Condensed Identify and the risks of material misstatement assess Financial Statements, whether due to fraud or error, design and perform Consolidated audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide for The of not  detecting material opinion. basis risk our misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 62, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3d8dc58c1ae5badc"}, {"chunk_id": "e11f9a0a1fee4b35", "content": "risk our misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal financial controls relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on effectiveness of such controls. Evaluate the appropriateness of  accounting  policies  used and the reasonableness of accounting estimates and related disclosures made by management: basis of the appropriateness of management's Conclude on of the going concern use based on the audit evidence obtained, whether material uncertainty accounting and exists related to events or conditions that may cast significant doubt on the ability of the Group to continue as a going concern: If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Consolidated Financial Statements such disclosures Interim Condensed are Or, Our conclusions are based the audit evidence inadequate, to modify our opinion: on obtained up to the date of our auditor's report; However, future events or conditions may cause the Group to cease to continue as a going concern. the   Interim content of Condensed Evaluate presentation, structure and the overall", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 62, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3d8dc58c1ae5badc"}, {"chunk_id": "4a36e12abb3756d0", "content": "cause the Group to cease to continue as a going concern. the   Interim content of Condensed Evaluate presentation, structure and the overall Financial' Statements, including the disclosures, and whether the Interim Consolidated Condensed Consolidated Financial Statements represent the underlying transactions and events in a manner that achieves fair presentation. [OCR] Deloitte Haskins & Sells LLP Obtain sufficient appropriate audit evidence regarding the financial information of the entities within the Group to express an opinion on the Interim Condensed Consolidated Financial Statements. We are responsible for the direction, supervision and performance of the audit of financial statements of such entities included in the Interim Condensed Consolidated Financial Statements of which we are independent auditors, Materiality is the magnitude of misstatements in the Interim Condensed Consolidated Financial Statements that, individually or in aggregate, makes it probable that the economic decisions of reasonably knowledgeable of the Interim Condensed Consolidated Financial user We consider quantitative materiality and qualitative factors in Statements may be influenced. scope of our audit work and in evaluating the results of our work; and (ii) to (i) planning the evaluate the effect of any identified misstatements in the Interim Condensed Consolidated Financial Statements. We communicate with those charged with governance of the Company and such other entities", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 62, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3d8dc58c1ae5badc"}, {"chunk_id": "e43c3abe4b783acb", "content": "the evaluate the effect of any identified misstatements in the Interim Condensed Consolidated Financial Statements. We communicate with those charged with governance of the Company and such other entities included in the Interim Condensed Consolidated Financial Statements of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings including any significant deficiencies in internal financial controls that we identify during our audit: We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm's Registration No. 117366W/W-100018) (h= si Vikas Bagaria Partner (Membership No.060408) UDIN: Place: Bengaluru Date: April 17, 2025", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 62, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3d8dc58c1ae5badc"}, {"chunk_id": "336ebfe2f6baaf73", "content": "INFOSYS LIMITED AND SUBSIDIARIES Condensed Consolidated Financial Statements under International Financial Reporting Standards (IFRS) in US Dollars for the three months and year ended March 31, 2025 Condensed Consolidated Balance Sheet……………………………………………………………………………….. 1 Condensed Consolidated Statement of Comprehensive Income……………………………………………………….. 2 Condensed Consolidated Statement of Changes in Equity ……………………………………..…………………………………….. 3 Condensed Consolidated Statement of Cash Flows………………………………………………………………………. 5 Overview and Notes to the Interim Condensed Consolidated Financial Statements 1.1 Company overview …………………………………………………….……………………………………………………. 6 1.2 Basis of preparation of financial statements …………………………………………………….…………………………………… 6 1.3 Basis of consolidation……………………………………………………………………………… 6 1.4 Use of estimates and judgments…………………………………………………………………. 6 1.5 Critical accounting estimates and judgments…………………………………………………… 6 1.6 Recent accounting pronouncements…………………………………………………………….. 7 2. Notes to the Interim Condensed Consolidated Financial Statements 2.1 Cash and cash equivalents ……………………………………………………………………….. 8 2.2 Investments…………………………………………………………………………………………….. 8 2.3 Financial instruments………………………………………………………………………………. 9 2.4 Prepayments and other assets………………………………………………………………………. 12 2.5 Other liabilities……………………………………………………………………………………….. 13", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 64, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b172b584887a02c7"}, {"chunk_id": "ab297bfc8b307233", "content": "8 2.3 Financial instruments………………………………………………………………………………. 9 2.4 Prepayments and other assets………………………………………………………………………. 12 2.5 Other liabilities……………………………………………………………………………………….. 13 2.6 Provisions and other contingencies…………………………………………………………………………………………… 14 2.7 Property, plant and equipment……………………………………………………………………….. 15 2.8 Leases……………………..……………………………………………………………………….. 17 2.9 Goodwill and Intangible assets...……………………………………………………………..... 19 2.10 Business combinations ………………………………...………………………………………. 20 2.11 Employees' Stock Option Plans (ESOP)………………………………………………………………………… 22 2.12 Income Taxes……………………………………………………………………………………. 24 2.13 Earnings per equity share……………………………………………………………………………………. 24 2.14 Related party transactions……………………………………………………………………………………………….. 25 2.15 Segment reporting…………………………………………………………………………………………26 2.16 Revenue from Operations…………………………………………………………………………………..28 2.17 Unbilled Revenue……………………………………………………………………………….. 29 2.18 Equity…………………….………………………………………………………………………… 30 2.19 Break-up of expenses and other income, net………………...…………………………………………………………… 32 (Dollars in millions except equity share data) Condensed Consolidated Balance Sheet as at Note March 31, 2025 March 31, 2024 ASSETS Current assets Cash and cash equivalents 2.1 2,861                                          1,773 Current investments 2.2 1,460                                          1,548 Trade receivables", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 64, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b172b584887a02c7"}, {"chunk_id": "0505e3caf9662726", "content": "March 31, 2024 ASSETS Current assets Cash and cash equivalents 2.1 2,861                                          1,773 Current investments 2.2 1,460                                          1,548 Trade receivables 3,645                                          3,620 Unbilled revenue 2.17 1,503                                          1,531 Prepayments and other current assets 2.4 1,519                                          1,473 Income tax assets 2.12 348                                             767 Derivative financial instruments 2.3 23                                               10 Total current assets 11,359                                        10,722 Non-current assets Property, plant and equipment 2.7 1,497                                          1,537 Right-of-use assets 2.8 738                                             786 Goodwill 2.9 1,182                                             875 Intangible assets 323                                             167 Non-current investments 2.2 1,294                                          1,404 Unbilled revenue 2.17 261                                             213 Deferred income tax assets 2.12 130                                               55 Income tax assets 2.12 190                                             365 Other non-current assets 2.4 445                                             399 Total Non-current assets 6,060                                          5,801 Total assets", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 64, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b172b584887a02c7"}, {"chunk_id": "25c41590bac57c7e", "content": "Other non-current assets 2.4 445                                             399 Total Non-current assets 6,060                                          5,801 Total assets 17,419                                        16,523 Infosys Limited and subsidiaries Current liabilities Trade payables 487                                             474 Lease liabilities 2.8 287                                             235 Derivative financial instruments 2.3 7                                                 4 Current income tax liabilities 2.12 567                                             430 Unearned revenue 994                                             880 Employee benefit obligations 340                                             314 Provisions 2.6 173                                             215 Other current liabilities 2.5 2,157                                          2,099 Total current liabilities 5,012                                          4,651 Non-current liabilities Lease liabilities 2.8 675                                             767 Deferred income tax liabilities 2.12 202                                             216 Employee benefit obligations 11                                               11 Other non-current liabilities 2.5 264                                             273 Total Non-current liabilities 1,152                                          1,267 Total liabilities 6,164                                          5,918 Equity", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 64, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b172b584887a02c7"}, {"chunk_id": "8097cd9ae00f4a75", "content": "264                                             273 Total Non-current liabilities 1,152                                          1,267 Total liabilities 6,164                                          5,918 Equity LIABILITIES AND EQUITY Share capital - ₹5 ($0.16) par value 4,800,000,000 (4,800,000,000) equity shares authorized, issued and outstanding 4,143,607,528 (4,139,950,635) equity shares fully paid up, net of 9,655,927 (10,916,829) treasury shares as at March 31, 2025 (March 31, 2024) 2.18 325                                             325", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 64, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b172b584887a02c7"}, {"chunk_id": "6789949b17c52c3f", "content": "Share premium 500                                             425 Retained earnings 13,766                                        12,557 Cash flow hedge reserves (2)                                                 1 Other reserves 1,171                                          1,623 Capital redemption reserve 24                                               24 Other components of equity (4,579)                                        (4,396) Total equity attributable to equity holders of the Company 11,205                                        10,559 Non-controlling interests 50                                               46 Total equity 11,255                                        10,605 Total liabilities and equity 17,419                                        16,523 The accompanying notes form an integral part of the interim condensed consolidated financial statements. As per our report of even date attached for Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited Chartered Accountants Firm’s Registration No: 117366W/ W-100018 Vikas Bagaria Nandan M. Nilekani Bobby Parikh Partner Chairman Director Membership No. 060408 Salil Parekh Chief Executive Officer and Managing Director Bengaluru Jayesh Sanghrajka April 17, 2025 Chief Financial Officer Company Secretary A.G.S. Manikantha Infosys Limited and subsidiaries (Dollars in millions except equity share and per equity share data) March 31, 2025 March 31, 2024 March 31, 2025 March 31, 2024 Revenues 2.16", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 65, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fb36339058d77737"}, {"chunk_id": "bfbf838207882af6", "content": "Company Secretary A.G.S. Manikantha Infosys Limited and subsidiaries (Dollars in millions except equity share and per equity share data) March 31, 2025 March 31, 2024 March 31, 2025 March 31, 2024 Revenues 2.16 4,730                            4,564                          19,277                          18,562 Cost of sales 2.19 3,302                            3,219                          13,405                          12,975 Gross profit 1,428                            1,345                            5,872                            5,587 Operating expenses Note Condensed Consolidated Statement of Comprehensive Income for the Three months ended Selling and marketing expenses 2.19 226                               209                               898                               842 Administrative expenses 2.19 210                               219                               903                               911 Total operating expenses 436                               428                            1,801                            1,753 Operating profit 992                               917                            4,071                            3,834 Other income, net 2.19 137                               328                               425                               568 Finance cost 12                                 13                                 49                                 56 Profit before income taxes", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 65, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fb36339058d77737"}, {"chunk_id": "944979c16100b1fe", "content": "Finance cost 12                                 13                                 49                                 56 Profit before income taxes 1,117                            1,232                            4,447                            4,346 Income tax expense 2.12 303                               273                            1,285                            1,177 Net profit 814                               959                            3,162                            3,169 Other comprehensive income Items that will not be reclassified subsequently to profit or loss Remeasurement of the net defined benefit liability/asset, net (17)                                   4                               (11)                                 15 Equity instruments through other comprehensive income, net 3                                 (2)                                   2                                   2 (14) 2                                 (9) 17 Items that will be reclassified subsequently to profit or loss Fair value changes on investments, net 8                                   4                                 24                                 17 Fair value changes on derivatives designated as cash flow hedge, net (7)                                   3                                 (3)                                   1 Exchange differences on translation of foreign operations", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 65, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fb36339058d77737"}, {"chunk_id": "3a1a9e46a4a278b8", "content": "(7)                                   3                                 (3)                                   1 Exchange differences on translation of foreign operations 72                               (54)                              (198)                              (117) 73                               (47)                              (177)                               (99) Total other comprehensive income/(loss), net of tax 59                               (45)                              (186)                               (82) Total comprehensive income 873                               914                            2,976                            3,087 Profit attributable to: Owners of the Company 813                               958                            3,158                            3,167 Non-controlling interests 1                                   1                                   4                                   2 814                               959                            3,162                            3,169 Total comprehensive income attributable to: Owners of the Company 872                               914                            2,972                            3,086 Non-controlling interests 1 -                                     4                                   1 873                               914                            2,976                            3,087", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 65, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fb36339058d77737"}, {"chunk_id": "7b5191aca92ee0f2", "content": "Non-controlling interests 1 -                                     4                                   1 873                               914                            2,976                            3,087 Earnings per equity share Basic ($) 0.20                              0.23                              0.76                              0.77 Diluted ($) 0.20                              0.23                              0.76                              0.76 Weighted average equity shares used in computing earnings per equity share", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 65, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fb36339058d77737"}, {"chunk_id": "a31888857782efd4", "content": "Basic (in shares) 2.13 4,142,429,577               4,139,432,133               4,141,611,738               4,138,568,090 Diluted (in shares) 2.13 4,151,537,321               4,145,052,370               4,152,051,184               4,144,680,425 The accompanying notes form an integral part of the interim condensed consolidated financial statements. As per our report of even date attached for Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited Chartered Accountants Firm’s Registration No: 117366W/ W-100018 Vikas Bagaria Nandan M. Nilekani Bobby Parikh Partner Chairman Director Membership No. 060408 Chief Executive Officer and Managing Director Bengaluru Jayesh Sanghrajka April 17, 2025 Chief Financial Officer Company Secretary Infosys Limited and subsidiaries Condensed Consolidated Statement of Changes in Equity (Dollars in millions except equity share data) Total equity attributable to equity Cash flow hedge reserve Balance as at April 1, 2023 4,136,387,925            325             366       11,401           1,370                   24 -              (4,314)                            9,172                  52               9,224 Changes in equity for the year ended March 31, 2024 Net profit -                 -                  -           3,167 -                      -                        -                     -                             3,167                    2               3,169", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 67, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "186a5f197d5d4cf7"}, {"chunk_id": "32c74a22d60cb72d", "content": "-                 -                  -           3,167 -                      -                        -                     -                             3,167                    2               3,169 Equity instruments through other comprehensive income, net* Remeasurement of the net defined benefit liability/asset, net* -                 -                  -                 -                   -                      -                        -                    15                                 15 -                      15 -                 -                  -                 -                   -                      -                        -                      2                                   2 -                        2 Fair value changes on derivatives designated as Cash flow hedge, net* Exchange differences on translation of foreign operations -                 -                  -                 -                   -                      -                         1 -                                    1 -                        1 -                 -                  -                 -                   -                      -                        -                 (116)                             (116)                   (1)                (117) Fair value changes on investments, net* Total comprehensive income for the period", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 67, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "186a5f197d5d4cf7"}, {"chunk_id": "0e2a7395ef17d6a1", "content": "Fair value changes on investments, net* Total comprehensive income for the period -                 -                  -                 -                   -                      -                        -                    17                                 17 -                      17 -                 -                  -           3,167 -                      -                         1                 (82)                            3,086                    1               3,087 Employee stock compensation expense (Refer to note 2.11) Shares issued on exercise of employee stock options (Refer to note 2.11) 3,562,710 -                   1 -                   -                      -                        -                     -                                    1 -                        1 -                 -                 77 -                   -                      -                        -                     -                                  77 -                      77 Transfer on account of options not exercised Transferred to other reserves -                 -              (19)              19 -                      -                        -                     -                                   -                     -                       - -                 -                  -             (357)              357", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 67, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "186a5f197d5d4cf7"}, {"chunk_id": "57190e26846ac84a", "content": "-                 -                  -             (357)              357 -                        -                     -                                   -                     -                       - -                 -                  -              104            (104) -                        -                     -                                   -                     -                       - -                 -                  -                 -                   -                      -                        -                     -                                   -                     (5)                    (5) -                 -                  -                 -                   -                      -                        -                     -                                   -                     (2)                    (2) -                 -                  -          (1,777) -                      -                        -                     -                           (1,777) -              (1,777) Buyback of shares pertaining to non controlling interest of subsidiary Dividends paid to non controlling interest of subsidiary Transferred from other reserves on utilization Balance as at March 31, 2024", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 67, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "186a5f197d5d4cf7"}, {"chunk_id": "b3ec6e85ed090dd6", "content": "Buyback of shares pertaining to non controlling interest of subsidiary Dividends paid to non controlling interest of subsidiary Transferred from other reserves on utilization Balance as at March 31, 2024 4,139,950,635            325             425       12,557           1,623                   24                       1            (4,396)                          10,559                  46             10,605 Infosys Limited and subsidiaries Condensed Consolidated Statement of Changes in Equity (Dollars in millions except equity share data) Total equity attributable to equity Cash flow hedge reserve Balance as at April 1, 2024 4,139,950,635            325             425       12,557           1,623                   24                       1            (4,396)                          10,559                  46             10,605 Changes in equity for the year ended March 31, 2025 Net profit -                 -                  -           3,158 -                      -                        -                     -                             3,158                    4               3,162 Equity instruments through other comprehensive income, net* Remeasurement of the net defined benefit liability/asset, net* -                 -                  -                 -                   -                      -                        -                   (11)                               (11) -                   (11)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 67, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "186a5f197d5d4cf7"}, {"chunk_id": "abc4c1a85c5cf3ea", "content": "-                   (11) -                 -                  -                 -                   -                      -                        -                      2                                   2 -                        2 Fair value changes on derivatives designated as Cash flow hedge, net* Exchange differences on translation of foreign operations", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 67, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "186a5f197d5d4cf7"}, {"chunk_id": "0f5a4d0d8e036a74", "content": "-                 -                  -                 -                   -                      -                      (3) -                                  (3) -                     (3) -                 -                  -                 -                   -                      -                        -                 (198)                             (198) -                 (198) Fair value changes on investments, net* Total comprehensive income for the period -                 -                  -                 -                   -                      -                        -                    24                                 24 -                      24 -                 -                  -           3,158 -                      -                      (3)               (183)                            2,972                    4               2,976 Employee stock compensation expense (Refer to note 2.11) Shares issued on exercise of employee stock options (Refer to note 2.11) 3,656,893 -                   1 -                   -                      -                        -                     -                                    1 -                        1 -                 -                 93 -                   -                      -                        -                     -                                  93 -                      93 -                 -              (23)              23", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 68, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d6dd1157a9e9407a"}, {"chunk_id": "32c95ca3d3c116a6", "content": "-                   -                      -                        -                     -                                  93 -                      93 -                 -              (23)              23 -                      -                        -                     -                                   -                     -                       - -                 -                   4 -                   -                      -                        -                     -                                    4 -                        4 Transferred to other reserves -                 -                  -                 (9)                  9 -                        -                     -                                   -                     -                       - -                 -                  -              104            (104) -                        -                     -                                   -                     -                       - Income tax benefit arising on exercise of stock options (Refer to note 2.12) Transferred on account of options not exercised Transferred from other reserves on utilization Transferred from other reserves to retained earnings -                 -                  -              357            (357) -                        -                     -                                   -                     -                       -", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 68, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d6dd1157a9e9407a"}, {"chunk_id": "fe8cd452ed747c08", "content": "-                 -                  -              357            (357) -                        -                     -                                   -                     -                       - -                 -                  -          (2,424) -                      -                        -                     -                           (2,424) -              (2,424) Balance as at March 31, 2025 4,143,607,528            325             500       13,766           1,171                   24                     (2)            (4,579)                          11,205                  50             11,255 * net of tax # net of treasury shares (1)  excludes treasury shares of 9,655,927 as at March 31, 2025, 10,916,829 as at April 1, 2024 and 12,172,119  as at April 1, 2023, held by consolidated trust (2) Represents the Special Economic Zone Re-investment reserve created out of the profit of the eligible SEZ unit in terms of the provisions of Sec 10AA(1)(ii) of Income Tax Act,1961. The reserve should be utilized by the Group for acquiring new plant and machinery for the purpose of its business in terms of the provisions of the Sec 10AA(2) of the Income Tax Act, 1961. The accompanying notes form an integral part of the interim condensed consolidated financial statements. As per our report of even date attached for Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 68, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d6dd1157a9e9407a"}, {"chunk_id": "5c35bdc1af2e4626", "content": "As per our report of even date attached for Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited Chartered Accountants Firm’s Registration No: 117366W/ W-100018 Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director Membership No. 060408 and Managing Director Bengaluru Jayesh Sanghrajka A.G.S. Manikantha April 17, 2025 Chief Financial Officer Company Secretary Condensed Consolidated Statement of Cash Flows Cash flows are reported using the indirect method, whereby profit for the period is adjusted for the effects of transactions of a non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments and item of income or expenses associated with investing or financing cash flows. The cash flows from operating, investing and financing activities of the Group are segregated. The Group considers all highly liquid investments that are readily convertible to known amounts of cash to be cash equivalents. (Dollars in millions) Particulars Note March 31, 2025 March 31, 2024 Operating activities Net Profit 3,162                          3,169 Adjustments to reconcile net profit to net cash provided by operating activities Depreciation and amortization 569                             565 Interest and dividend income (139)                           (138) Finance cost 49                               56 Income tax expense", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 68, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d6dd1157a9e9407a"}, {"chunk_id": "31ec1779e433e5cd", "content": "Depreciation and amortization 569                             565 Interest and dividend income (139)                           (138) Finance cost 49                               56 Income tax expense 2.12                          1,285                          1,177 Exchange differences on translation of assets and liabilities, net 9                               11 Impairment loss recognized/(reversed) under expected credit loss model 6                               15 Stock compensation expense 95                               79 Provision for post sale client support (13)                                 9 Interest receivable on income tax refund (39)                           (234) Other adjustments 99                             176 Changes in working capital", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 68, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d6dd1157a9e9407a"}, {"chunk_id": "be6e85d2670b5655", "content": "Trade receivables and unbilled revenue (209)                           (322) Prepayments and other assets (157)                           (151) Trade payables 21                               11 Unearned revenue 135                               21 Other liabilities and provisions 140                           (182) Cash generated from operations 5,013                          4,262 Income taxes paid (662)                        (1,114) Net cash generated by operating activities 4,351                          3,148 Investing activities Expenditure on property, plant and equipment and intangibles (263)                           (266) Deposits placed with Corporation (145)                           (102) Redemption of deposits placed with Corporation 92                               86 Interest and dividend received 113                             110 Payment for acquisition of business, net of cash acquired 2.10                           (377) - Payment of contingent consideration pertaining to acquisition of business -                              (12) Liquid mutual funds units (8,636)                        (7,990) Certificates of deposit (825)                        (1,027) Quoted debt securities (383)                           (184) Commercial paper (757)                        (1,254) Other investments (7)                               (2) Proceeds on sale of investments Payments to acquire Investments Quoted debt securities 373                             203", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 69, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "73b3471f52b53301"}, {"chunk_id": "9ca6ed47e8c165e2", "content": "(757)                        (1,254) Other investments (7)                               (2) Proceeds on sale of investments Payments to acquire Investments Quoted debt securities 373                             203 Certificates of deposit 791                          1,111 Commercial paper 914                             782 Liquid mutual funds units 8,747                          7,818 Other investments 1                                 3 Other receipts 1                               16 Net cash used in investing activities (361)                           (708) Financing activities Payment of lease liabilities (278)                           (245) Payment of dividends (2,416)                        (1,777) Payment of dividends to non-controlling interests of subsidiary -                                (5) Payment towards purchase of non-controlling interest -                                (2) Shares issued on exercise of employee stock options 1                                 1 Loan repayment of in-tech Holding GmbH (Refer to note 2.10) (118) - Other payments (64)                             (88) Other receipts -                                 - Net cash used in financing activities (2,875)                        (2,116) Net increase/(decrease) in cash and cash equivalents 1,115                             324 Effect of exchange rate changes on cash and cash equivalents (27)                             (32) Cash and cash equivalents at the beginning of the period 2.1 1,773", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 69, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "73b3471f52b53301"}, {"chunk_id": "dad57599b81e9371", "content": "1,115                             324 Effect of exchange rate changes on cash and cash equivalents (27)                             (32) Cash and cash equivalents at the beginning of the period 2.1 1,773 1,481 Cash and cash equivalents at the end of the period 2.1                          2,861 1,773 Supplementary information: Restricted cash balance 2.1                               50                               42 The accompanying notes form an integral part of the interim condensed consolidated financial statements. As per our report of even date attached for Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited Chartered Accountants Firm’s Registration No: 117366W/ W-100018 Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director Membership No. 060408 and Managing Director Bengaluru Jayesh Sanghrajka A.G.S. Manikantha April 17, 2025 Chief Financial Officer Company Secretary INFOSYS LIMITED AND SUBSIDIARIES Overview and Notes to the Interim Condensed Consolidated Financial Statements Infosys Limited ('the Company' or Infosys) provides consulting, technology, outsourcing and next-generation digital services, to enable clients to execute strategies for their digital transformation. Infosys strategic objective is to build a sustainable organization that remains relevant to the agenda of clients, while creating growth opportunities for employees", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 69, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "73b3471f52b53301"}, {"chunk_id": "12ddc9c408b7c5e7", "content": "transformation. Infosys strategic objective is to build a sustainable organization that remains relevant to the agenda of clients, while creating growth opportunities for employees and generating profitable returns for investors. Infosys strategy is to be a navigator for our clients as they ideate, plan and execute on their journey to a digital future. Infosys together with its subsidiaries and controlled trusts is herein after referred to as the \"Group\". The company is a public limited company incorporated and domiciled in India and has its registered office at Electronics city, Hosur Road, Bengaluru 560100, Karnataka, India. The company has its primary listings on the BSE Ltd. and National Stock Exchange of India Limited. The company’s American Depositary Shares (ADS) representing equity shares are listed on the New York Stock Exchange (NYSE). The Group's interim condensed consolidated financial statements are approved for issue by the company's Board of Directors on April 17, 2025. 1.2 Basis of preparation of financial statements The interim condensed consolidated financial statements have been prepared in compliance with IAS 34, Interim Financial Reporting as issued by International Accounting Standards Board, under the historical cost convention on accrual basis except for certain financial instruments which are measured at fair values, defined benefit liability/(asset)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 69, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "73b3471f52b53301"}, {"chunk_id": "9ade2fb7dac8230d", "content": "Standards Board, under the historical cost convention on accrual basis except for certain financial instruments which are measured at fair values, defined benefit liability/(asset) which is recognized at the present value of defined benefit obligation less fair value of plan assets. Accordingly, these interim condensed consolidated financial statements do not include all the information required for a complete set of financial statements. These interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes included in the company’s Annual Report on Form 20-F for the year ended March 31, 2024. Accounting policies have been consistently applied except where a newly issued accounting standard is initially adopted or a revision to an existing accounting standard requires a change in the accounting policy hitherto in use.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 69, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "73b3471f52b53301"}, {"chunk_id": "ecd5aef075c08ebd", "content": "The material accounting policy information used in preparation of the audited interim condensed consolidated financial statements have been discussed in the respective notes. As the quarter and year to date figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures reported for the previous quarters might not always add up to the year to date figures reported in this statement. Infosys consolidates entities which it owns or controls. The interim condensed consolidated financial statements comprise the financial statements of the company, its controlled trusts and its subsidiaries. Control exists when the parent has power over the entity, is exposed, or has rights to variable returns from its involvement with the entity and has the ability to affect those returns by using its power over the entity. Power is demonstrated through existing rights that give the ability to direct relevant activities, those which significantly affect the entity's returns. Subsidiaries are consolidated from the date control commences until the date control ceases. 1.3 Basis of consolidation The financial statements of the Group companies are consolidated on a line-by-line basis and intra-group balances and transactions including unrealized gain / loss from such transactions are eliminated upon consolidation.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 70, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "10eefdf3df3564f6"}, {"chunk_id": "4538ef716f1d22d6", "content": "transactions are eliminated upon consolidation. These financial statements are prepared by applying uniform accounting policies in use at the Group. Non-controlling interests which represent part of the net profit or loss and net assets of subsidiaries that are not, directly or indirectly, owned or controlled by the company, are excluded. 1.4 Use of estimates and judgments The preparation of the Interim condensed consolidated financial statements in conformity with IFRS requires Management to make estimates, judgments and assumptions. These estimates, judgments and assumptions affect the application of accounting policies and the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the interim condensed consolidated financial statements and reported amounts of revenues and expenses during the period. The application of accounting policies that require critical accounting estimates involving complex and subjective judgments and the use of assumptions in these financial statements have been disclosed in Note 1.5. Accounting estimates could change from period to period. Actual results could differ from those estimates. Appropriate changes in estimates are made as Management becomes aware of changes in circumstances surrounding the estimates. Changes in estimates and judgements are reflected in the financial statements in the period in which", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 70, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "10eefdf3df3564f6"}, {"chunk_id": "5ed5e2de614eca41", "content": "becomes aware of changes in circumstances surrounding the estimates. Changes in estimates and judgements are reflected in the financial statements in the period in which changes are made and, if material, their effects are disclosed in the notes to the interim condensed consolidated financial statements. 1.5 Critical accounting estimates and judgments a. Revenue recognition The Group’s contracts with customers include promises to transfer multiple products and services to a customer. Revenues from customer contracts are considered for recognition and measurement when the contract has been approved, in writing, by the parties to the contract, the parties to contract are committed to perform their respective obligations under the contract, and the contract is legally enforceable. The Group assesses the services promised in a contract and identifies distinct performance obligations in the contract. Identification of distinct performance obligations to determine the deliverables and the ability of the customer to benefit independently from such deliverables, and allocation of transaction price to these distinct performance obligations involves significant judgement. Fixed price maintenance revenue is recognized ratably on a straight-line basis when services are performed through an indefinite number of repetitive acts over a specified period.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 70, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "10eefdf3df3564f6"}, {"chunk_id": "b0c4441c557a2d77", "content": "Fixed price maintenance revenue is recognized ratably on a straight-line basis when services are performed through an indefinite number of repetitive acts over a specified period. Revenue from fixed price maintenance contract is recognized ratably using a percentage of completion method when the pattern of benefits from the services rendered to the customer and Group’s costs to fulfil the contract is not even through the period of the contract because the services are generally discrete in nature and not repetitive. The use of method to recognize the maintenance revenues requires judgment and is based on the promises in the contract and nature of the deliverables. The Group uses the percentage-of-completion method in accounting for other fixed-price contracts. Use of the percentage-of-completion method requires the Group to determine the actual efforts or costs expended to date as a proportion of the estimated total efforts or costs to be incurred. Efforts or costs expended have been used to measure progress towards completion as there is a direct relationship between input and productivity. The estimation of total efforts or costs involves significant judgement and is assessed throughout the period of the contract to reflect any changes based on the latest available information.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 70, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "10eefdf3df3564f6"}, {"chunk_id": "37dce555e6e7ca7e", "content": "The estimation of total efforts or costs involves significant judgement and is assessed throughout the period of the contract to reflect any changes based on the latest available information. Contracts with customers includes subcontractor services or third-party vendor equipment or software in certain integrated services arrangements. In these types of arrangements, revenue from sales of third-party vendor products or services is recorded net of costs when the Group is acting as an agent between the customer and the vendor, and gross when the Group is the principal for the transaction. In doing so, the Group first evaluates whether it obtains control of the specified goods or services before they are transferred to the customer. The Group considers whether it is primarily responsible for fulfilling the promise to provide the specified goods or services, inventory risk, pricing discretion and other factors to determine whether it controls the specified goods or services and therefore, is acting as a principal or an agent. Provisions for estimated losses, if any, on incomplete contracts are recorded in the period in which such losses become probable based on the estimated efforts or costs to complete the contract. The Group's two major tax jurisdictions are India and the United States, though the company also files tax returns in other overseas jurisdictions.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 70, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "10eefdf3df3564f6"}, {"chunk_id": "fa55f12cf88fe81b", "content": "complete the contract. The Group's two major tax jurisdictions are India and the United States, though the company also files tax returns in other overseas jurisdictions. Significant judgments are involved in determining the provision for income taxes, including amount expected to be paid/recovered for uncertain tax positions.�", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 70, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "10eefdf3df3564f6"}, {"chunk_id": "55f857e9ea645fdd", "content": "In assessing the realizability of deferred income tax assets, Management considers whether some portion or all of the deferred income tax assets will not be realized. The ultimate realization of deferred income tax assets is dependent upon the generation of future taxable income during the periods in which the temporary differences become deductible. Management considers the scheduled reversals of deferred income tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based on the level of historical taxable income and projections for future taxable income over the periods in which the deferred income tax assets are deductible, Management believes that the group will realize the benefits of those deductible differences. The amount of the deferred income tax assets considered realizable, however, could be reduced in the near term if estimates of future taxable income during the carry forward period are reduced. (Refer to note 2.12) c. Business combinations and intangible assets Business combinations are accounted for using IFRS 3 (Revised), Business Combinations. IFRS 3 requires us to fair value identifiable intangible assets and contingent consideration to ascertain the net fair value of identifiable assets, liabilities and contingent liabilities of the acquiree. These valuations are conducted by external valuation experts.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 71, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f19fe25d260a733c"}, {"chunk_id": "ee6dc9d1879beb49", "content": "consideration to ascertain the net fair value of identifiable assets, liabilities and contingent liabilities of the acquiree. These valuations are conducted by external valuation experts. Estimates are required to be made in determining the value of contingent consideration, value of option arrangements and intangible assets. These measurements are based on information available at the acquisition date and are based on expectations and assumptions that have been deemed reasonable by Management. (Refer to note 2.10 and 2.9.2) d. Property, plant and equipment Property, plant and equipment represent a significant proportion of the asset base of the Group. The charge in respect of periodic depreciation is derived after determining an estimate of an asset’s expected useful life and the expected residual value at the end of its life. The useful lives and residual values of Group's assets are determined by Management at the time the asset is acquired and reviewed periodically, including at each financial year end. The lives are based on historical experience with similar assets as well as anticipation of future events, which may impact their life, such as changes in technology (Refer to note 2.7) e. Impairment of Goodwill Goodwill is tested for impairment on an annual basis and whenever there is an indication that the recoverable amount of a cash generating unit (CGUs) is less than it’s carrying amount.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 71, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f19fe25d260a733c"}, {"chunk_id": "9c4dac3d10a9ccef", "content": "Impairment of Goodwill Goodwill is tested for impairment on an annual basis and whenever there is an indication that the recoverable amount of a cash generating unit (CGUs) is less than it’s carrying amount. For the impairment test, goodwill is allocated to the CGU or groups of CGUs which benefit from the synergies of the acquisition and which represent the lowest level at which goodwill is monitored for internal management purposes. The recoverable amount of CGUs is determined based on higher of value-in-use and fair value less cost to sell. Key assumptions in the cash flow projections are prepared based on current economic conditions and comprises estimated long term growth rates, weighted average cost of capital and estimated operating margins. (Refer to note 2.9.1) 1.6 Recent accounting pronouncements New and revised IFRS Standards in issue but not yet effective: Amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates                                      Lack of Exchangeability IFRS 18 Presentation and Disclosures in Financial Statements                                                           Presentation and Disclosures in Financial Statements Amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures         Amendments to the Classification and Measurement of Financial Instruments", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 71, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f19fe25d260a733c"}, {"chunk_id": "54a23239e3e2496d", "content": "Amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures         Amendments to the Classification and Measurement of Financial Instruments Amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures         Contracts Referencing Nature-dependent Electricity On August 15, 2023, IASB has issued amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates, Lack of Exchangeability that will require companies to provide more useful information in their financial statements when a currency cannot be exchanged into another currency. These amendments specify when a currency is exchangeable into another currency and when it is not and specify how an entity determines the exchange rate to apply when a currency is not exchangeable. The effective date for adoption of this amendment is annual periods beginning on or after January 1, 2025, although early adoption is permitted. The Group has evaluated the amendment and the impact is not expected to be material on its consolidated financial statements. IFRS 18 – Presentation and Disclosures in Financial Statements On April 9, 2024, IASB has issued IFRS 18 – Presentation and Disclosures in Financial Statements that will replace IAS 1 Presentation of Financial Statements from its effective date.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 71, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f19fe25d260a733c"}, {"chunk_id": "2d0d6eb574d45c9c", "content": "On April 9, 2024, IASB has issued IFRS 18 – Presentation and Disclosures in Financial Statements that will replace IAS 1 Presentation of Financial Statements from its effective date. IFRS 18 introduces new requirements for information presented in the primary financial statements and disclosed in the notes. The new requirements are focused on the statement of profit or loss. IFRS 18 introduces three categories for income and expenses, that is, operating, investing and financing to improve the structure of the income statement. IFRS 18 is effective for annual reporting periods beginning on or after 1 January 2027, although early adoption is permitted. The Group is yet to evaluate the impact of the amendment. Amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures On May 30, 2024, IASB has issued amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures, which clarifies the classification of financial assets with environmental, social and corporate governance (ESG) and similar features, derecognition of financial liability settled through electronic payment systems and also introduces additional disclosure requirements to enhance transparency for investors regarding investments in equity instruments designated at fair value through other comprehensive income and financial instruments with contingent features.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 71, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f19fe25d260a733c"}, {"chunk_id": "e6455ac06152a2f4", "content": "comprehensive income and financial instruments with contingent features. The effective date for adoption of these amendments is annual reporting periods beginning on or after January 1, 2026, although early adoption is permitted. The Group is yet to evaluate the impact of these amendments. On December 18, 2024, IASB has issued amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures, relating to factors an entity is required to consider in assessing the own-use requirements for contracts to buy and take delivery of nature-dependent renewable electricity; hedge accounting treatment for nature-dependent renewable electricity and related disclosures. The effective date for adoption of these amendments is annual reporting periods beginning on or after January 1, 2026, although early adoption is permitted. The Group has evaluated the amendment and there is no impact on its consolidated financial statements. 2. Notes to the Interim Condensed Consolidated Financial Statements 2.1 Cash and cash equivalents Cash and cash equivalents consist of the following: (Dollars in millions)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 71, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f19fe25d260a733c"}, {"chunk_id": "1e232ee3bea9a52e", "content": "March 31, 2025 March 31, 2024 Cash and bank deposits 2,861                     1,773 Total Cash and cash equivalents 2,861                     1,773 Cash and cash equivalents as at March 31, 2025 and March 31, 2024 include restricted cash and bank balances of $50 million and $42 million, respectively. The restrictions are primarily on account of bank balances held by irrevocable trusts controlled by the company. The deposits maintained by the Group with banks comprise of time deposits, which can be withdrawn by the Group at any point without prior notice or penalty on the principal. (Dollars in millions) Particulars The carrying value of the investments are as follows: March 31, 2025 March 31, 2024 (i) Current Investments Quoted debt securities 20 - Fair Value through other comprehensive income Quoted Debt Securities 375                        291 Certificates of deposits 410                        365 Commercial Paper 426                        579 Fair Value through profit or loss Liquid mutual fund units 229                        313 Total current investments 1,460                     1,548 (ii) Non-current Investments Amortized Cost Quoted debt securities 173                        211 Fair Value through other comprehensive income Quoted debt securities 1,014                     1,093 Quoted equity securities 7                          14 Unquoted equity and preference securities 20                          11 Fair Value through profit or loss Target maturity fund units", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 72, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "74d36a8c3b7b01d6"}, {"chunk_id": "c172e3061871e2e5", "content": "Quoted equity securities 7                          14 Unquoted equity and preference securities 20                          11 Fair Value through profit or loss Target maturity fund units 54                          51 Unquoted equity and preference securities 3 - Total Non-current investments 1,294                     1,404 Others(1) 23                          24 Total investments 2,754                     2,952 Investments carried at amortized cost 193                        211 Investments carried at fair value through other comprehensive income 2,252                     2,353 Investments carried at fair value through profit or loss 309                        388 (1)  Uncalled capital commitments outstanding as on Mrach 31, 2025 and March 31, 2024 was $14 million and $9 million, respectively. Refer to note 2.3 for accounting policies on financial instruments. Method of fair valuation: (Dollars in millions) Class of investment Method March 31, 2025 March 31, 2024 Liquid mutual fund units - carried at fair value through profit or loss 229 313 Target maturity fund units - carried at fair value through profit or loss 54 51 Quoted debt securities- carried at amortized cost 213 236 Quoted price Quoted price Quoted debt securities- carried at fair value through other comprehensive income Quoted price and market observable inputs Quoted price and market observable inputs 1,389 1,384 Commercial Paper - carried at fair value through other comprehensive income 426 579", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 72, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "74d36a8c3b7b01d6"}, {"chunk_id": "41bda8b64f8c4351", "content": "Quoted price and market observable inputs Quoted price and market observable inputs 1,389 1,384 Commercial Paper - carried at fair value through other comprehensive income 426 579 Certificates of Deposit - carried at fair value through other comprehensive income 410 365 Market observable inputs Market observable inputs Unquoted equity and preference securities - carried at fair value through profit or loss Discounted cash flows method, Market multiples method, Option pricing model 3 - Unquoted equity and preference securities - carried at fair value through other comprehensive income Discounted cash flows method, Market multiples method, Option pricing model 20 11 Quoted equity securities - carried at fair value through other comprehensive income Quoted price 7 14 Others - carried at fair value through profit or loss 23 24 Discounted cash flows method, Market multiples method, Option pricing model Total 2,774 2,977 Note: Certain quoted investments are classified as Level 2 in the absence of active market for such investments. 2.3.1 Initial recognition The Group recognizes financial assets and financial liabilities when it becomes a party to the contractual provisions of the instrument. All financial assets and liabilities are recognized at fair value on initial recognition, except for trade receivables which are initially measured at transaction price.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 72, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "74d36a8c3b7b01d6"}, {"chunk_id": "383dd0c242796f59", "content": "All financial assets and liabilities are recognized at fair value on initial recognition, except for trade receivables which are initially measured at transaction price. Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities, which are not at fair value through profit or loss, are added to the fair value on initial recognition. Regular way purchase and sale of financial assets are accounted for at trade date. 2.3.2 Subsequent measurement a. Non-derivative financial instruments (i) Financial assets carried at amortized cost A financial asset is subsequently measured at amortized cost if it is held within a business model whose objective is to hold the asset in order to collect contractual cash flows and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. A financial asset is subsequently measured at fair value through other comprehensive income if it is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 72, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "74d36a8c3b7b01d6"}, {"chunk_id": "dfe8fd76723b2eb6", "content": "amount outstanding. The Group has made an irrevocable election for certain investments which are classified as equity instruments to present the subsequent changes in fair value in other comprehensive income based on its business model. (ii) Financial assets carried at fair value through other comprehensive income (FVOCI) (iii) Financial assets carried at fair value through profit or loss (FVTPL) A financial asset which is not classified in any of the above categories is subsequently fair valued through profit or loss. (iv) Financial liabilities Financial liabilities are subsequently carried at amortized cost using the effective interest method, except for contingent consideration and financial liability under option arrangements recognized in a business combination which is subsequently measured at fair value through profit or loss. b. Derivative financial instruments The Group holds derivative financial instruments such as foreign exchange forward and option contracts to mitigate the risk of changes in exchange rates on foreign currency exposures. The counterparty for such contracts is generally a bank.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 72, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "74d36a8c3b7b01d6"}, {"chunk_id": "db3532969006a887", "content": "(i) Financial assets or financial liabilities, carried at fair value through profit or loss This category includes derivative financial assets or liabilities which are not designated as hedges. Although the Group believes that these derivatives constitute hedges from an economic perspective, they may not qualify for hedge accounting under IFRS 9, Financial Instruments. Any derivative that is either not designated as hedge, or is so designated but is ineffective as per IFRS 9, is categorized as a financial asset or financial liability carried at fair value through profit or loss. Derivatives not designated as hedges are recognized initially at fair value and attributable transaction costs are recognized in net profit in the statement of comprehensive income when incurred. Subsequent to initial recognition, these derivatives are measured at fair value through profit or loss and the resulting exchange gains or losses are included in other income. Assets/ liabilities in this category are presented as current assets/current liabilities if they are either held for trading or are expected to be realized within 12 months after the balance sheet date. Primarily the Group designates certain foreign exchange forward and options contracts as cash flow hedges to mitigate the risk of foreign exchange exposure on highly probable forecast cash transaction.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 73, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9c9d403fe441d65a"}, {"chunk_id": "640bfdb3e57b8288", "content": "Primarily the Group designates certain foreign exchange forward and options contracts as cash flow hedges to mitigate the risk of foreign exchange exposure on highly probable forecast cash transaction. When a derivative is designated as a cash flow hedging instrument, the effective portion of changes in the fair value of the derivative is recognized in other comprehensive income and accumulated in the cash flow hedging reserve. Any ineffective portion of changes in the fair value of the derivative is recognized immediately in the net profit in the statement of comprehensive income. If the hedging instrument no longer meets the criteria for hedge accounting, then hedge accounting is discontinued prospectively. If the hedging instrument expires or is sold, terminated or exercised, the cumulative gain or loss on the hedging instrument recognized in cash flow hedging reserve till the period the hedge was effective remains in cash flow hedging reserve until the forecasted transaction occurs. The cumulative gain or loss previously recognized in the cash flow hedging reserve is transferred to the net profit in the statement of comprehensive income upon the occurrence of the related forecasted transaction. If the forecasted transaction is no longer expected to occur, then the amount accumulated in cash flow hedging reserve is reclassified to net", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 73, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9c9d403fe441d65a"}, {"chunk_id": "cb20e0c6f06801d9", "content": "the occurrence of the related forecasted transaction. If the forecasted transaction is no longer expected to occur, then the amount accumulated in cash flow hedging reserve is reclassified to net profit in the interim condensed consolidated statement of comprehensive income. 2.3.3 Derecognition of financial instruments The Group derecognizes a financial asset when the contractual rights to the cash flows from the financial asset expire or it transfers the financial asset and the transfer qualifies for derecognition under IFRS 9. A financial liability (or a part of a financial liability) is derecognized from the group's balance sheet when the obligation specified in the contract is discharged or cancelled or expires. 2.3.4 Fair value of financial instruments In determining the fair value of its financial instruments, the Group uses a variety of methods and assumptions that are based on market conditions and risks existing at each reporting date. The methods used to determine fair value include discounted cash flow analysis, option pricing model, market multiples, available quoted market prices and dealer quotes. All methods of assessing fair value result in general approximation of value, and such value may never actually be realized. Refer to table ‘Financial instruments by category’ below for the disclosure on carrying value and fair value of financial assets and liabilities.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 73, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9c9d403fe441d65a"}, {"chunk_id": "a2664e5b4b809a82", "content": "Refer to table ‘Financial instruments by category’ below for the disclosure on carrying value and fair value of financial assets and liabilities. For financial assets and liabilities maturing within one year from the Balance Sheet date and which are not carried at fair value, the carrying amounts approximate fair value due to the short maturity of these instruments. The Group recognizes loss allowances using the expected credit loss (ECL) model for the financial assets and unbilled revenue which are not fair valued through profit or loss. Loss allowance for trade receivables and unbilled revenues with no significant financing component is measured at an amount equal to lifetime ECL. For all other financial assets, expected credit losses are measured at an amount equal to the 12-month ECL, unless there has been a significant increase in credit risk from initial recognition in which case those are measured at lifetime ECL. The Group determines the allowance for credit losses based on historical loss experience adjusted to reflect current and estimated future economic conditions. The Group considers current and anticipated future economic conditions relating to industries the Group deals with and the countries where it operates.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 73, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9c9d403fe441d65a"}, {"chunk_id": "f1fbc30e5eae0e66", "content": "The Group considers current and anticipated future economic conditions relating to industries the Group deals with and the countries where it operates. The amount of ECL (or reversal) that is required to adjust the loss allowance at the reporting date to the amount that is required to be recorded is recognized as an impairment loss or gain in interim condensed consolidated statement of comprehensive income. The carrying value and fair value of financial instruments by categories as at March 31, 2025 were as follows: Financial assets / liabilities at fair value through profit or loss Financial assets / liabilities at fair (Dollars in millions) Equity instruments designated upon initial recognition cost Total  carrying value Designated upon initial recognition Assets: Cash and cash equivalents (Refer to note 2.1) 2,861 -                          -                              -                          -                                2,861                          2,861 Investments (Refer to note 2.2) Liquid mutual fund units -                          -                       229 -                          -                                   229                             229 Target maturity fund units -                          -                         54 -                          -                                     54                               54 Quoted debt securities 193", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 73, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9c9d403fe441d65a"}, {"chunk_id": "2123c913b67a859e", "content": "Target maturity fund units -                          -                         54 -                          -                                     54                               54 Quoted debt securities 193 -                          -                              -                    1,389                              1,582                          1,602  (1)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 73, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9c9d403fe441d65a"}, {"chunk_id": "b55bc2684c738813", "content": "Certificates of deposit -                          -                          -                              -                       410                                 410                             410 Commercial Papers -                          -                          -                              -                       426                                 426                             426 Quoted equity securities -                          -                          -                               7 -                                       7                                 7 Unquoted equity and preference securities -                           3 -                             20 -                                     23                               23 Unquoted investment others -                          -                         23 -                          -                                     23                               23 Trade receivables 3,645 -                          -                              -                          -                                3,645                          3,645 Unbilled revenues (Refer to note 2.17)(3) 1,195 -                          -                              -                          -                                1,195                          1,195 Prepayments and other assets (Refer to note 2.4) 844", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 73, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "89ae15d51a1465eb"}, {"chunk_id": "2d9636ad5de6f944", "content": "Prepayments and other assets (Refer to note 2.4) 844 -                          -                              -                          -                                   844                             835  (2) Derivative financial instruments -                          -                         20 -                           3                                   23                               23 Total 8,738                         3                     326                           27                  2,228                            11,322                        11,333 Liabilities: Trade payables 487 -                          -                              -                          -                                   487                             487 Lease liabilities (Refer to note 2.8) 962 -                          -                              -                          -                                   962                             962 Derivative financial instruments -                          -                           3 -                           4                                      7                                 7 Financial liability under option arrangements (Refer to note 2.5) Other liabilities including contingent consideration (Refer to note 2.5) -                          -                         77", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 73, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "89ae15d51a1465eb"}, {"chunk_id": "c79fda0eb1282122", "content": "Financial liability under option arrangements (Refer to note 2.5) Other liabilities including contingent consideration (Refer to note 2.5) -                          -                         77 -                          -                                     77                               77 Total 3,381 -                         83 -                           4                              3,468                          3,468 (1)  On account of fair value changes including interest accrued 1,932 -                           3 -                          -                                1,935                          1,935 (2) Excludes interest accrued on quoted debt securities carried at amortized cost of $9 million (3)  Excludes unbilled revenue for contracts where the right to consideration is dependent on completion of contractual milestones The carrying value and fair value of financial instruments by categories as at March 31, 2024 were as follows: Financial assets/ liabilities at fair value through profit or loss Financial assets/liabilities at fair (Dollars in millions) Amortized cost Total  carrying value Total  fair value Equity instruments designated upon initial recognition Designated upon initial recognition Assets: Cash and cash equivalents (Refer to note 2.1) 1,773 -                          -                              -                          -                                1,773                          1,773 Investments (Refer to note 2.2)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 73, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "89ae15d51a1465eb"}, {"chunk_id": "374798614493ac8e", "content": "1,773 -                          -                              -                          -                                1,773                          1,773 Investments (Refer to note 2.2) Liquid mutual fund units -                          -                       313 -                          -                                   313                             313 Target maturity fund units -                          -                         51 -                          -                                     51                               51 Quoted debt securities 211 -                          -                              -                    1,384                              1,595                          1,620    (1) Certificates of deposit -                          -                          -                              -                       365                                 365                             365 Commercial Papers -                          -                          -                              -                       579                                 579                             579 Quoted equity securities -                          -                          -                             14 -                                     14                               14 Unquoted equity and preference securities", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 73, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "89ae15d51a1465eb"}, {"chunk_id": "bcb871e5386a380a", "content": "-                          -                          -                             14 -                                     14                               14 Unquoted equity and preference securities -                          -                          -                             11 -                                     11                               11 Unquoted investments others -                          -                         24 -                          -                                     24                               24 Trade receivables 3,620 -                          -                              -                          -                                3,620                          3,620 Unbilled revenues (Refer to note 2.17)(3) 1,151 -                          -                              -                          -                                1,151                          1,151 Prepayments and other assets (Refer to note 2.4) 694 -                          -                              -                          -                                   694                             684  (2)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 73, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "89ae15d51a1465eb"}, {"chunk_id": "89d79031983f201e", "content": "Derivative financial instruments -                          -                           7 -                           3                                   10                               10 Total 7,449 -                       395                           25                  2,331                            10,200                        10,215 Liabilities: Trade payables 474 -                          -                              -                          -                                   474                             474 Lease liabilities  (Refer to note 2.8) 1,002 -                          -                              -                          -                                1,002                          1,002 Derivative financial instruments -                          -                           4 -                          -                                       4                                 4 Financial liability under option arrangements (Refer to note 2.5) -                          -                         72 -                          -                                     72                               72 Other liabilities including contingent consideration (Refer to note 2.5) 1,887 -                          -                              -                          -                                1,887                          1,887 Total 3,363 -                         76", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 74, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "989d3bd65a3dbbc6"}, {"chunk_id": "c7b762dc331c98d0", "content": "1,887 -                          -                              -                          -                                1,887                          1,887 Total 3,363 -                         76 -                          -                                3,439                          3,439 (1)  On account of fair value changes including interest accrued (2)  Excludes interest accrued on quoted debt securities carried at amortized cost of $10 million (3)  Excludes unbilled revenue for contracts where the right to consideration is dependent on completion of contractual milestones For trade receivables and trade payables and other assets and payables maturing within one year from the balance sheet date, the carrying amounts approximate fair value due to the short maturity of these instruments. Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs). Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices). The fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as at March 31, 2025 is as follows: Level 1 Level 2 Level 3 Assets Investments (Refer to note 2.2) Particulars As at March 31,", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 74, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "989d3bd65a3dbbc6"}, {"chunk_id": "ee7056662166fcf3", "content": "The fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as at March 31, 2025 is as follows: Level 1 Level 2 Level 3 Assets Investments (Refer to note 2.2) Particulars As at March 31, Fair value measurement at end of the reporting period using 229                     229 -                                  - 54                       54 -                                  - 1,602                  1,533                                   69 - 410 -                                   410 - 426 -                                   426 - 23 -                                      -                                 23 7                         7 -                                  - Investments in unquoted investments others 23 -                                      -                                 23 Others Investments in liquid mutual fund units Investments in quoted debt securities Investments in target maturity fund units Investments in unquoted equity and preference securities Investments in certificates of deposit Investments in commercial paper Investments in quoted equity securities 23 -                                     23 - Liabilities Derivative financial instruments- gain Derivative financial instruments - loss 7 -                                       7 - Financial liability under option arrangements (Refer to note 2.5)(1) 77 -                                      -                                 77", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 74, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "989d3bd65a3dbbc6"}, {"chunk_id": "5654e9bd1c996a2a", "content": "7 -                                       7 - Financial liability under option arrangements (Refer to note 2.5)(1) 77 -                                      -                                 77 Liability towards contingent consideration (Refer to note 2.5)(2) 3 -                                      -                                   3 (1)Discount rate ranges from 9% to 15% (2)Discount rate - 6% During the year ended March 31, 2025, quoted debt securities of $35 million were transferred from Level 2 to Level 1 of fair value hierarchy, since these were valued based on quoted price and quoted debt securities of $65 million were transferred from Level 1 to Level 2 of fair value hierarchy, since these were valued based on market observable inputs. The fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as at March 31, 2024 is as follows: Particulars Fair value measurement at end of the reporting period using As at March 31, 2024 (Dollars in millions) Level 1 Level 2 Level 3 Assets Investments (Refer to note 2.2) 313                     313 -                                  - 51                       51 -                                  - 1,620                  1,580                                   40 - 11 - -                               11 Investments in certificates of deposit 365 -                                   365 - 579 -                                   579 - Investments in quoted equity securities", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 74, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "989d3bd65a3dbbc6"}, {"chunk_id": "48a9468fd4813d9a", "content": "11 - -                               11 Investments in certificates of deposit 365 -                                   365 - 579 -                                   579 - Investments in quoted equity securities 14                       14 -                                  - Investments in unquoted investments others 24 - -                               24 Others Investments in liquid mutual fund units Investments in target maturity fund units Investments in quoted debt securities Investments in unquoted equity and preference securities Investments in commercial paper 10 -                                     10 - Liabilities Derivative financial instruments- gain", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 74, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "989d3bd65a3dbbc6"}, {"chunk_id": "b706e3ef8b274e4c", "content": "Financial liability under option arrangements (Refer to note 2.5)(1) 72 -                                      -                                 72 Derivative financial instruments- loss 4 -                                       4 - (1)Discount rate ranges from 9% to 15% During the year ended March 31, 2024, quoted debt securities of $257 million were transferred from Level 2 to Level 1 of fair value hierarchy, since these were valued based on quoted price and quoted debt securities of $9 million were transferred from Level 1 to Level 2 of fair value hierarchy, since these were valued based on market observable inputs. A one percentage point change in the unobservable inputs used in fair valuation of Level 3 assets and liabilities does not have a significant impact in its value. Majority of investments of the Group are fair valued based on Level 1 or Level 2 inputs. These investments primarily include investment in liquid mutual fund units, target maturity fund units, quoted debt securities, certificates of deposit, commercial paper, quoted bonds issued by government and quasi-government organizations. The Group invests after considering counterparty risks based on multiple criteria including Tier I Capital, Capital Adequacy Ratio, Credit Rating, Profitability, NPA levels and Deposit base of banks and financial institutions. These risks are monitored regularly as per Group’s risk management program.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 76, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2eb13ccbb6a02760"}, {"chunk_id": "6be5f2bbe1a4bf61", "content": "These risks are monitored regularly as per Group’s risk management program. 2.4 Prepayments and other assets Prepayments and other assets consist of the following: (Dollars in millions) March 31, 2025 March 31, 2024 Security deposits(1) 8                                     9 Loans to employees(1) 29                                   30 Prepaid expenses(2) 360                                 399 Interest accrued and not due(1) 99                                   64 Withholding taxes and others(2)(4) 332                                 424 Advance payments to vendors for supply of goods(2) 48                                   43 Deposit with corporations(1)(3) 345                                 304 Deferred contract cost Cost of obtaining a contract(2) 40                                   24 Cost of fulfillment(2) 59                                   43 Other non financial assets (2) 11                                   21 Net investment in lease(1) 133                                   85 Other financial assets(1) 55                                   27 Total Current prepayment and other assets 1,519                              1,473 Security deposits(1) 32                                   31 Loans to employees(1) 2                                     4 Prepaid expenses(2) 33                                   41 Deposit with corporations(1)(3) 10                                     6 Deferred contract cost Defined benefit plan assets(2) 35                                     4 Cost of obtaining a contract (2)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 76, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2eb13ccbb6a02760"}, {"chunk_id": "154b17f3df1af9cf", "content": "Deposit with corporations(1)(3) 10                                     6 Deferred contract cost Defined benefit plan assets(2) 35                                     4 Cost of obtaining a contract (2) 36                                   16 Cost of fulfillment(2) 103                                   82 Withholding taxes and others(2)(4) 63                                   81 Net investment in lease(1) 129                                 134 Other financial assets(1) 2 - Total Non- current prepayment and other assets 445                                 399 Total prepayment and other assets 1,964                              1,872 (2)  Non financial assets (1) Financial assets carried at amortized cost 844                                 694 (3) Deposit with corporation represents amounts deposited to settle certain employee-related obligations as and when they arise during the normal course of business. (4) Withholding taxes and others primarily consist of input tax credits and VAT recoverable from tax authorities. 2.5 Other liabilities Other liabilities comprise the following: (Dollars in millions) March 31, 2025 March 31, 2024 Current Accrued compensation to employees(1) 576 534 Accrued expenses(1) 991 986 Accrued defined benefit liability(3) 1 1 Withholding taxes and others(3) 381 382 Liabilities of controlled trusts(1) 20 25 Liability towards contingent consideration(2) 1 - Capital Creditors(1) 61 37 Financial liability under option arrangements(2)(4) 64", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 76, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2eb13ccbb6a02760"}, {"chunk_id": "7bfe2b96c0f25ded", "content": "381 382 Liabilities of controlled trusts(1) 20 25 Liability towards contingent consideration(2) 1 - Capital Creditors(1) 61 37 Financial liability under option arrangements(2)(4) 64 60 Other non-financial liabilities(3) 1 1 Other financial liabilities(1)(5) 61 73 Total current other liabilities 2,157 2,099 Accrued compensation to employees(1) 1                                   1 Accrued expenses(1) 221                               213 Accrued defined benefit liability (3) 14                                 19 Liability towards contingent consideration(2) 2 - Financial liability under option arrangements(2)(4) 13                                 12 Other non-financial liabilities(3) 12                                 10 Other financial liabilities(1)(5) 1                                 18 Total non-current other liabilities 264                               273 Total other liabilities 2,421 2,372 (1) Financial liability carried at amortized cost 1,932                            1,887 (2) Financial liability carried at fair value through profit or loss 80                                 72 Financial liability under option arrangements on an undiscounted basis 89                                 83 Financial liability towards contingent consideration on an undiscounted basis 4 - (3) Non financial liabilities", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 76, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2eb13ccbb6a02760"}, {"chunk_id": "44977302e6efc073", "content": "89                                 83 Financial liability towards contingent consideration on an undiscounted basis 4 - (3) Non financial liabilities (5) The Group entered into financing arrangements with a third party towards technology assets taken over by the Group from a customer as a part of transformation project which was not considered as distinct goods or services as the control related to those assets was not transferred to the Group in accordance with Ind AS 115 - Revenue from contract with customers. As at March 31, 2025 and March 31, 2024, the financial liability pertaining to such arrangements amounts to $8 million and $45 million, respectively. (4) Represents liability related to options issued by the Group over the non-controlling interests in its subsidiaries.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 76, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2eb13ccbb6a02760"}, {"chunk_id": "406e8d53253b4aae", "content": "Accrued expenses primarily relate to cost of technical sub-contractors, telecommunication charges, legal and professional charges, brand building expenses, overseas travel expenses and office maintenance and cost of third party software and hardware. 2.6 Provisions and other contingencies A provision is recognized if, as a result of a past event, the Group has a present legal or constructive obligation that is reasonably estimable, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by discounting the expected future cash flows at a pre- tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The Group recognizes a reimbursement asset when, and only when, it is virtually certain that the reimbursement will be received if the Group settles the obligation. Contingent liability is a possible obligation arising from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity or a present obligation that arises from past events but is not recognized because it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation or the amount of the obligation cannot be measured with sufficient reliability. a.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 78, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4c82c02a0af07df2"}, {"chunk_id": "5d4e03835631559e", "content": "probable that an outflow of resources embodying economic benefits will be required to settle the obligation or the amount of the obligation cannot be measured with sufficient reliability. a. Post sales client support The Group provides its clients with a fixed-period post sales support on its fixed-price, fixed-timeframe contracts. Costs associated with such support services are accrued at the time related revenues are recorded and included in cost of sales. The Group estimates such costs based on historical experience and estimates are reviewed on a periodic basis for any material changes in assumptions and likelihood of occurrence. Provisions for onerous contracts are recognized when the expected benefits to be derived by the Group from a contract are lower than the unavoidable costs of meeting the future obligations under the contract. Provisions for estimated losses, if any, on incomplete contracts are recorded in the period in which such losses become probable based on the estimated efforts or costs to complete the contract. The provision is measured at the present value of the lower of the expected cost of terminating the contract and the expected net cost of continuing with the contract. Before a provision is established the Group recognizes any impairment loss on the assets associated with that contract. Provision for post sales client support and other provisions (Dollars in millions) March 31, 2025", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 78, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4c82c02a0af07df2"}, {"chunk_id": "0abb7380f4364292", "content": "impairment loss on the assets associated with that contract. Provision for post sales client support and other provisions (Dollars in millions) March 31, 2025 March 31, 2024 Post-sales client support and others provisions 155                               215 Provision pertaining to settlement (refer to note 2.6.2) 18                                 — Total provisions 173                               215 Provision for post sales client support and other provisions majorly represents costs associated with providing post sales support services which are accrued at the time of recognition of revenues and are expected to be utilized over a period of 1 year. Provision for post sales client support and other provisions is included in cost of sales in the interim condensed consolidated statement of comprehensive income. As at March 31, 2025 and March 31, 2024, claims against the Group, not acknowledged as debts, (excluding demands from income tax authorities- Refer to Note 2.12) amounted to $119 million (₹1,020 crore) and $95 million (₹789 crore), respectively. 2.6.2 Legal Proceedings McCamish Cybersecurity incident In November 2023, certain systems of Infosys McCamish Systems LLC (“McCamish”), a subsidiary of Infosys BPM Limited (a wholly owned subsidiary of Infosys Limited), were encrypted by ransomware, resulting in the non-availability of certain applications and systems. McCamish initiated its incident response", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 78, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4c82c02a0af07df2"}, {"chunk_id": "7e926c99fee6a7fc", "content": "Infosys Limited), were encrypted by ransomware, resulting in the non-availability of certain applications and systems. McCamish initiated its incident response and engaged cybersecurity and other specialists to assist in its investigation of and response to the incident and remediation and restoration of impacted applications and systems. By December 31, 2023, McCamish, with external specialists’ assistance, substantially remediated and restored the affected applications and systems. Actions taken by McCamish included investigative analysis conducted by a third-party cybersecurity firm to determine, among other things, whether and the extent to which company or customer data was subject to unauthorized access or exfiltration. McCamish also engaged a third-party eDiscovery vendor in assessing the extent and nature of such data. McCamish in coordination with its third-party eDiscovery vendor has identified corporate customers and individuals whose information was subject to unauthorized access and exfiltration. McCamish processes personal data on behalf of its corporate customers. From March 6, 2024 through July 25, 2024, six actions were filed in the U.S. District Court for the Northern District of Georgia against McCamish. The actions arise out of the cybersecurity incident at McCamish initially disclosed on November 3, 2023. All six actions have since been consolidated, and the", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 78, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4c82c02a0af07df2"}, {"chunk_id": "ced990185ef653da", "content": "The actions arise out of the cybersecurity incident at McCamish initially disclosed on November 3, 2023. All six actions have since been consolidated, and the consolidated class action complaint was filed on November 7, 2024, purportedly on behalf of all persons residing in the United States whose personally identifiable information was compromised in the incident, including all who were sent a notice of the incident. On December 20, 2024, the Court granted the parties’ joint motion to stay proceedings pending the parties’ efforts to resolve the lawsuit through mediation. On March 13, 2025, McCamish and the plaintiffs engaged in mediation, resulting in an in-principle agreement that sets forth the terms of a proposed settlement of the class action lawsuits against McCamish, as well as seven class action lawsuits arising out of the incident that have been filed against McCamish’s customers. Under the settlement terms, McCamish has agreed to pay $17.5 million into a fund to settle these matters. The agreed terms are subject to finalization of the terms of the settlement agreement, and preliminary and final court approval. If approved, the settlement will resolve all allegations made in the class action lawsuits without admission of any liability. McCamish has recorded an accrual of $17.5 million related to the settlement. McCamish has recognized an insurance reimbursement receivable of $17 million", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 78, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4c82c02a0af07df2"}, {"chunk_id": "68f0e7cd4efbec3c", "content": "McCamish has recorded an accrual of $17.5 million related to the settlement. McCamish has recognized an insurance reimbursement receivable of $17 million which has been offset against the settlement expense of $17.5 million in the Statement of Comprehensive Income. McCamish may incur additional costs including from indemnities or damages/claims, which are indeterminable at this time. Apart from legal proceedings and claims arising from the McCamish cybersecurity incident, the Group is subject to legal proceedings and claims which have arisen in the ordinary course of business. The Group’s management reasonably expects that such ordinary course legal actions, when ultimately concluded and determined, will not have a material and adverse effect on the Group’s results of operations or financial condition. 2.7 Property, plant and equipment", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 78, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4c82c02a0af07df2"}, {"chunk_id": "d861374ca727dba0", "content": "Property, plant and equipment are stated at cost, less accumulated depreciation and impairment, if any. Costs directly attributable to acquisition are capitalized until the property, plant and equipment are ready for use, as intended by Management. The charge in respect of periodic depreciation is derived at after determining an estimate of an asset’s expected useful life and the expected residual value at the end of its life. The Group depreciates property, plant and equipment over their estimated useful lives using the straight-line method. The estimated useful lives of assets are as follows: Plant and machinery(1) 5 years Computer equipment 3-5 years Furniture and fixtures 5 years Vehicles 5 years Leasehold improvements Lower of useful life of the asset or lease term (1)  Includes solar plant with a useful life of 25 years Depreciation methods, useful lives and residual values are reviewed periodically, including at each financial year end. The useful lives are based on historical experience with similar assets as well as anticipation of future events, which may impact their life, such as changes in technology. Advances paid towards the acquisition of property, plant and equipment outstanding at each balance sheet date and the cost of assets not ready to use before such date are disclosed under ‘Capital work-in-progress’.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 78, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ed90b64104552389"}, {"chunk_id": "f5a9fa092c6f6a72", "content": "Subsequent expenditures relating to property, plant and equipment is capitalized only when it is probable that future economic benefits associated with these will flow to the Group and the cost of the item can be measured reliably. The cost and related accumulated depreciation are eliminated from the financial statements upon sale or retirement of the asset. Property, plant and equipment are evaluated for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value less cost to sell and the value-in-use) is determined on an individual asset basis unless the asset does not generate cash flows that are largely independent of those from other assets. In such cases, the recoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs. If such assets are considered to be impaired, the impairment to be recognized in net profit in the interim condensed consolidated statement of comprehensive income is measured by the amount by which the carrying value of the assets exceeds the estimated recoverable amount of the asset. An impairment loss is reversed in net profit in the statement of comprehensive income if there has been a change in the estimates used to determine the recoverable amount.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 78, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ed90b64104552389"}, {"chunk_id": "7f6ed9c54f0e174e", "content": "An impairment loss is reversed in net profit in the statement of comprehensive income if there has been a change in the estimates used to determine the recoverable amount. The carrying amount of the asset is increased to its revised recoverable amount, provided that this amount does not exceed the carrying amount that would have been determined (net of any accumulated depreciation) had no impairment loss been recognized for the asset in prior years. The changes in the carrying value of property, plant and equipment for the three months ended March 31, 2025 are as follows: (Dollars in millions) Particulars Land Buildings Plant and machinery Gross carrying value as at January 1, 2025 167               1,368                  632               1,020                  401                         6                    3,594 fixtures Vehicles Total Deletions** -                       -                     (9)                  (17)                  (21) -                        (47) 6 -                        7                    80                      5 -                           98 Translation difference -                        3                      2                      5                      1 -                           11 Gross carrying value as at March 31, 2025 173               1,371                  632               1,088                  386                         6                    3,656", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 78, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ed90b64104552389"}, {"chunk_id": "d0068b0d016acb92", "content": "Gross carrying value as at March 31, 2025 173               1,371                  632               1,088                  386                         6                    3,656 Accumulated depreciation as at January 1, 2025 -                 (612)                (507)                (800)                (328)                        (5)                  (2,252) Depreciation -                   (12)                  (10)                  (34)                    (7) -                        (63) Accumulated depreciation on deletions** -                       -                        8                    16                    21 -                           45 Translation difference -                     (3)                    (2)                    (2)                    (1) -                          (8) Accumulated depreciation as at March 31, 2025 -                 (627)                (511)                (820)                (315)                        (5)                  (2,278) Capital work-in progress as at March 31, 2025 119 Carrying value as at March 31, 2025 173                  744                  121                  268                    71                         1                    1,497 Capital work-in progress as at January  1, 2025 100 Carrying value as at January 1, 2025 167                  756                  125                  220                    73                         1                    1,442", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 78, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ed90b64104552389"}, {"chunk_id": "48e52e055daf8122", "content": "100 Carrying value as at January 1, 2025 167                  756                  125                  220                    73                         1                    1,442 The changes in the carrying value of property, plant and equipment for the three months ended March 31, 2024 are as follows: (Dollars in millions) Particulars Land Buildings Plant and machinery fixtures Vehicles Total Gross carrying value as at January 1, 2024 172               1,381                  622               1,021                  406                         6 3,608 -                      34                    22                    41                    10 -                         107 Deletions** -                       -                     (5)                  (27)                    (7) -                        (39) Translation difference (1)                    (4)                    (2)                    (3)                    (3) -                        (13) Gross carrying value as at March 31, 2024 171 1,411 637 1,032 406 6 3,663 Accumulated depreciation as at January 1, 2024 -                 (578)                (491)                (753)                (320)                        (5)                  (2,147) Depreciation -                   (13)                  (14)                  (40)                  (11) -                        (78) Accumulated depreciation on deletions*", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 78, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ed90b64104552389"}, {"chunk_id": "c62495748591509d", "content": "Translation difference -                        1                      2                      2                      2 -                             7 Accumulated depreciation as at March 31, 2024 -                 (590)                (498)                (765)                (322)                        (5)                  (2,180) Capital work-in progress as at March 31, 2024 54 Carrying value as at March 31, 2024 171 821 139 267 84 1 1,537 Capital work-in progress as at January  1, 2024 86 Carrying value as at January 1, 2024 172 803 131 268 86                         1 1,547 The changes in the carrying value of property, plant and equipment for the year ended March 31, 2025 are as follows: (Dollars in millions) Particulars Land Buildings Plant and machinery fixtures Vehicles Total Gross carrying value as at April 1, 2024 171               1,411                  637               1,032                  406                         6                    3,663 Additions 6                      5                    30                  154                    22 -                         217 Additions - Business Combination (Refer to Note 2.10) -                       -                        1                      1                      3 -                             5 -                   (13)                  (20)                  (75)                  (36) -                       (144) Translation difference", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 79, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4cfd7841c8e77fab"}, {"chunk_id": "d6e0d8872e9480ee", "content": "-                             5 -                   (13)                  (20)                  (75)                  (36) -                       (144) Translation difference (4)                  (32)                  (16)                  (24)                    (9) -                         (85) Gross carrying value as at March 31, 2025 173               1,371                  632               1,088                  386                         6                    3,656 Accumulated depreciation as at April 1, 2024 -                 (590)                (498)                (765)                (322)                        (5)                  (2,180) Depreciation -                   (52)                  (44)                (148)                  (35) -                       (279) Accumulated depreciation on deletions** -                        2                    18                    73                    35 -                         128 Translation difference -                      13                    13                    20                      7 -                           53 Accumulated depreciation as at March 31, 2025 -                 (627)                (511)                (820)                (315)                        (5)                  (2,278) Capital work-in progress as at April 1, 2024 54 Carrying value as at April 1, 2024 171 821 139 267 84 1 1,537 Capital work-in progress as at March 31, 2025 119", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 79, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4cfd7841c8e77fab"}, {"chunk_id": "9178bcfb2ddb0f33", "content": "Capital work-in progress as at April 1, 2024 54 Carrying value as at April 1, 2024 171 821 139 267 84 1 1,537 Capital work-in progress as at March 31, 2025 119 Carrying value as at March 31, 2025 173 744 121 268 71 1 1,497 ** During the three months ended and year ended March 31, 2025, certain assets which were not in use having gross book value of $13 million (net book value: Nil) and $60 million (net book value: Nil) respectively, were retired The changes in the carrying value of property, plant and equipment for the year ended March 31, 2024 are as follows: Particulars Land Buildings Plant and machinery fixtures Vehicles Total (Dollars in millions) Gross carrying value as at April 1, 2023 174               1,407                  625               1,037                  409                         6 3,658 Additions -                      36                    40                  112                    24 -                         212 -                     (7)                  (19)                (102)                  (20) -                       (148) Translation difference (3)                  (25)                    (9)                  (15)                    (7) -                         (59) Gross carrying value as at March 31, 2024 171               1,411                  637               1,032                  406                         6                    3,663 Accumulated depreciation as at April 1, 2023", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 79, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4cfd7841c8e77fab"}, {"chunk_id": "193efbfec9a13b57", "content": "171               1,411                  637               1,032                  406                         6                    3,663 Accumulated depreciation as at April 1, 2023 -                 (552)                (468)                (709)                (300)                        (5)                  (2,034) Depreciation -                   (54)                  (56)                (167)                  (47) -                       (324) Accumulated depreciation on deletions* -                        7                    18                  101                    19 -                         145 Translation difference -                        9                      8                    10                      6 -                           33 Accumulated depreciation as at March 31, 2024 -                 (590)                (498)                (765)                (322)                        (5)                  (2,180) Capital work-in progress as at April 1, 2023 55 Carrying value as at April 1, 2023 174 855 157 328 109 1 1,679 Capital work-in progress as at March 31, 2024 54 Carrying value as at March 31, 2024 171 821 139 267 84 1 1,537 * During the three months ended and year ended March 31, 2024, certain assets which were not in use having gross book value of $22 million (net book value: Nil) and $ 93 million (net book value: Nil) respectively, were retired", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 79, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4cfd7841c8e77fab"}, {"chunk_id": "458ba1b621dbcb66", "content": "respectively, were retired The aggregate depreciation expense is included in cost of sales in the interim condensed consolidated statement of comprehensive income. Repairs and maintenance costs are recognized in the consolidated statement of comprehensive income when incurred. Consequent to the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021 (“the Rules”), the Company was required to transfer its CSR capital assets installed prior to January 2021. Towards this the Company had incorporated a subsidiary ‘Infosys Green Forum’ (IGF) under Section 8 of the Companies Act, 2013. During the year ended March 31, 2022 the Company had completed the transfer of assets upon obtaining the required approvals from regulatory authorities, as applicable. During March 31, 2024, the application filed by IGF for registration u/s.12AB of the Income Tax Act was rejected and registration cancelled. IGF has filed an appeal against this order before Income Tax Appellate Tribunal.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 79, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4cfd7841c8e77fab"}, {"chunk_id": "b73eca801e311089", "content": "The Group had contractual commitments for capital expenditure primarily comprising of commitments for infrastructure facilities and computer equipments aggregating to $109 million and $94 million as at March 31, 2025 and March 31, 2024, respectively. The Group as a lessee The Group’s lease asset classes primarily consist of leases for land, buildings and computers. The group assesses whether a contract contains a lease, at inception of a contract. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, the group assesses whether: (1) the contract involves the use of an identified asset (2) the group has substantially all of the economic benefits from use of the asset through the period of the lease and (3) the group has the right to direct the use of the asset. At the date of commencement of the lease, the Group recognizes a right-of-use asset (“ROU”) and a corresponding lease liability for all lease arrangements in which it is a lessee, except for leases with a term of twelve months or less (short-term leases) and low value leases. For these short-term and low value leases, the Group recognizes the lease payments as an operating expense on a straight-line basis over the term of the lease.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 80, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "72215a53a32ee9a3"}, {"chunk_id": "93e10fbb0c6b80ca", "content": "For these short-term and low value leases, the Group recognizes the lease payments as an operating expense on a straight-line basis over the term of the lease. As a lessee, the Group determines the lease term as the non-cancellable period of a lease adjusted with any option to extend or terminate the lease, if the use of such option is reasonably certain. The Group makes an assessment on the expected lease term on a lease-by-lease basis and thereby assesses whether it is reasonably certain that any options to extend or terminate the contract will be exercised. In evaluating the lease term, the Group considers factors such as any significant leasehold improvements undertaken over the lease term, costs relating to the termination of the lease and the importance of the underlying asset to Group’s operations taking into account the location of the underlying asset and the availability of suitable alternatives. The lease term in future periods is reassessed to ensure that the lease term reflects the current economic circumstances. Certain lease arrangements include the options to extend or terminate the lease before the end of the lease term. ROU assets and lease liabilities includes these options when it is reasonably certain that they will be exercised.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 80, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "72215a53a32ee9a3"}, {"chunk_id": "ed6c3a227615dadb", "content": "ROU assets and lease liabilities includes these options when it is reasonably certain that they will be exercised. The right-of-use assets are initially recognized at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or prior to the commencement date of the lease plus any initial direct costs less any lease incentives. They are subsequently measured at cost less accumulated depreciation and impairment losses. Right-of-use assets are depreciated from the commencement date on a straight-line basis over the shorter of the lease term and useful life of the underlying asset. Right-of-use assets are evaluated for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value less cost to sell and the value-in-use) is determined on an individual asset basis unless the asset does not generate cash flows that are largely independent of those from other assets. In such cases, the recoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs. The lease liability is initially measured at amortized cost at the present value of the future lease payments. The lease payments are discounted using the interest rate implicit in the lease or,", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 80, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "72215a53a32ee9a3"}, {"chunk_id": "db761b13a6c672e1", "content": "belongs. The lease liability is initially measured at amortized cost at the present value of the future lease payments. The lease payments are discounted using the interest rate implicit in the lease or, if not readily determinable, using the incremental borrowing rates in the country of domicile of these leases. Lease liabilities are remeasured with a corresponding adjustment to the related right-of-use asset if the Group changes its assessment if whether it will exercise an extension or a termination option. Lease liability and ROU asset have been separately presented in the Balance Sheet and lease payments have been classified as financing cash flows. The Group as a lessor ` Leases for which the Group is a lessor is classified as a finance or operating lease. Whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee, the contract is classified as a finance lease. All other leases are classified as operating leases. When the Group is an intermediate lessor, it accounts for its interests in the head lease and the sublease separately. The sublease is classified as a finance or operating lease by reference to the right-of-use asset arising from the head lease. For operating leases, rental income is recognized on a straight-line basis over the term of the relevant lease.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 80, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "72215a53a32ee9a3"}, {"chunk_id": "a90a685be9e68c2b", "content": "the right-of-use asset arising from the head lease. For operating leases, rental income is recognized on a straight-line basis over the term of the relevant lease. Following are the changes in the carrying value of right-of-use assets for the three months ended March 31, 2025 (Dollars in millions) Particulars Category of ROU asset Total Balance as of January 1, 2025 70                                  390                                      3                                  278                                    741 Land Buildings Vehicles Computers Additions* -                                      33                                      1                                    43                                      77 Deletions -                                   (12) -                                   (22)                                    (34) Depreciation -                                   (20) -                                   (27)                                    (47) Translation difference -                                        1                                    (1)                                      1                                        1 Balance as of March 31, 2025 70                                  392                                      3                                  273                                    738 * Net of adjustments on account of modifications", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 80, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "72215a53a32ee9a3"}, {"chunk_id": "6056f71c07d385cc", "content": "70                                  392                                      3                                  273                                    738 * Net of adjustments on account of modifications Following are the changes in the carrying value of right-of-use assets for the three months ended March 31, 2024 (Dollars in millions) Particulars Category of ROU asset Total Balance as of January 1, 2024 73                                  424                                      2                                  329                                    828 Land Buildings Vehicles Computers", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 80, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "72215a53a32ee9a3"}, {"chunk_id": "50e05226f4c0137e", "content": "Additions* -                                        8 -                                      45                                      53 Deletions -                                   (11) -                                   (26)                                    (37) Depreciation (1)                                  (21) -                                   (29)                                    (51) Translation difference -                                     (4) -                                     (3)                                      (7) Balance as of March 31, 2024 72                                  396                                      2                                  316                                    786 * Net of adjustments on account of modifications Following are the changes in the carrying value of right-of-use assets for the year ended March 31, 2025 Category of ROU asset Total (Dollars in millions) Land Buildings Vehicles Computers Balance as of April 1, 2024 72                                  396                                      2                                  316                                    786 Additions* -                                      96                                      3                                  155                                    254 Addition due to Business Combination (Refer to Note 2.10)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 82, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ca0653066359adb4"}, {"chunk_id": "6e38ef8ab03d41a1", "content": "Addition due to Business Combination (Refer to Note 2.10) -                                      19                                      1 -                                        20 Deletions -                                   (28)                                    (1)                                  (77)                                  (106) Depreciation (1)                                  (84)                                    (1)                                (115)                                  (201) Translation difference (1)                                    (7)                                    (1)                                    (6)                                    (15) Balance as of March 31, 2025 70                                  392                                      3                                  273                                    738 * Net of adjustments on account of modifications Following are the changes in the carrying value of right-of-use assets for the year ended March 31, 2024 (Dollars in millions) Particulars Category of ROU asset Total Land Buildings Vehicles Computers Balance as of April 1, 2023 76                                  474                                      2                                  285                                    837 Additions*", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 82, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ca0653066359adb4"}, {"chunk_id": "5358ff84846470ac", "content": "Vehicles Computers Balance as of April 1, 2023 76                                  474                                      2                                  285                                    837 Additions* -                                      47                                      1                                  226                                    274 Deletions (1)                                  (22) -                                   (91)                                  (114) Depreciation (1)                                  (87)                                    (1)                                (104)                                  (193) Impairment -                                   (10) -                                       -                                     (10) Translation difference (2)                                    (6) -                                       -                                       (8) Balance as of March 31, 2024 72                                  396                                      2                                  316                                    786 * Net of adjustments on account of modifications and lease incentives The aggregate depreciation expense on ROU assets is included in cost of sales in the interim condensed consolidated statement of comprehensive income.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 82, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ca0653066359adb4"}, {"chunk_id": "c71e8e27e3b62d7c", "content": "The aggregate depreciation expense on ROU assets is included in cost of sales in the interim condensed consolidated statement of comprehensive income. The following is the break-up of current and non-current lease liabilities as of March 31, 2025 and March 31, 2024 (Dollars in millions) Particulars March 31, 2025 March 31, 2024 Current lease liabilities 287                                    235 Non-current lease liabilities 675                                    767 Total 962                                 1,002 2.9 Goodwill and Intangible assets Goodwill represents purchase consideration in excess of the Group's interest in the net fair value of identifiable assets, liabilities and contingent liabilities of the acquired entity. When the net fair value of the identifiable assets, liabilities and contingent liabilities acquired exceeds the purchase consideration, the fair value of net assets acquired is reassessed and the bargain purchase gain is recognized immediately in the net profit in the Statement of Comprehensive Income. Goodwill is measured at cost less accumulated impairment losses. Goodwill is tested for impairment on an annual basis and whenever there is an indication that the recoverable amount of a cash generating unit (CGU) is less than its carrying amount. For the impairment test, goodwill is allocated to the CGU or groups of CGU’s which benefit from the synergies of the acquisition and which represents", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 82, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ca0653066359adb4"}, {"chunk_id": "6d7caa9493f1130d", "content": "carrying amount. For the impairment test, goodwill is allocated to the CGU or groups of CGU’s which benefit from the synergies of the acquisition and which represents the lowest level at which goodwill is monitored for internal management purposes. A CGU is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or group of assets. Impairment occurs when the carrying amount of a CGU including the goodwill, exceeds the estimated recoverable amount of the CGU. The recoverable amount of a CGU is the higher of its fair value less cost to sell and its value-in-use. Value-in-use is the present value of future cash flows expected to be derived from the CGU. Key assumptions in the cash flow projections are prepared based on current economic conditions and includes estimated long term growth rates, weighted average cost of capital and estimated operating margins. Following is a summary of changes in the carrying amount of goodwill: March 31, 2025 March 31, 2024 Carrying value at the beginning 875                         882 Goodwill on acquisitions (Refer to note 2.10) 309 - Translation differences (2)                           (7) (Dollars in millions) Carrying value at the end 1,182                         875", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 82, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ca0653066359adb4"}, {"chunk_id": "c5b6e29265612d6f", "content": "For the purpose of impairment testing, goodwill acquired in a business combination is allocated to the CGU or groups of CGUs, which benefit from the synergies of the acquisition. The following table presents the allocation of goodwill to operating segments as at March 31, 2025 and March 31, 2024 respectively : March 31, 2025 March 31, 2024 Financial services 177                         177 Retail 112                         112 Communication 81                           81 Energy, Utilities, Resources and Services 156                         139 Manufacturing 349                           69 Life Sciences 114                         114 989                         692 Operating segments without significant goodwill 76                           66 1,065                         758 (Dollars in millions) The goodwill pertaining to Panaya amounting to $117 and $117 million as at March 31, 2025 and March 31, 2024, respectively is tested for impairment at the entity level. The recoverable amount of a CGU is the higher of its fair value less cost to sell and its value-in-use. The fair value of a CGU is determined based on the market capitalization. Value-in-use is determined based on discounted future cash flows. The key assumptions used for the calculations are as follows: March 31, 2025 March 31, 2024 Long term growth rate 7-10 7-10 Operating margins 19-21 19-21 Discount rate 13                           13", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 83, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "788f8b3bcb074c9f"}, {"chunk_id": "a6d60f5771fe4b80", "content": "The key assumptions used for the calculations are as follows: March 31, 2025 March 31, 2024 Long term growth rate 7-10 7-10 Operating margins 19-21 19-21 Discount rate 13                           13 The above discount rate is based on the Weighted Average Cost of Capital (WACC) of the Company. As at March 31, 2025, the estimated recoverable amount of the CGU exceeded its carrying amount. Reasonable sensitivities in the key assumptions is unlikely to cause the carrying amount to exceed the recoverable amount of the cash generating units. 2.9.2 Intangible assets Intangible assets are stated at cost less accumulated amortization and impairment. Intangible assets are amortized over their respective individual estimated useful lives on a straight-line basis, from the date that they are available for use. The estimated useful life of an identifiable intangible asset is based on a number of factors including the effects of obsolescence, demand, competition, and other economic factors (such as the stability of the industry and known technological advances), and the level of maintenance expenditures required to obtain the expected future cash flows from the asset. Amortization methods and useful lives are reviewed periodically including at each financial year end. Research costs are expensed as incurred. Software product development costs are expensed as incurred unless technical and commercial feasibility of the project is", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 83, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "788f8b3bcb074c9f"}, {"chunk_id": "61abf671526b6683", "content": "each financial year end. Research costs are expensed as incurred. Software product development costs are expensed as incurred unless technical and commercial feasibility of the project is demonstrated, future economic benefits are probable, the Group has an intention and ability to complete and use or sell the software and the costs can be measured reliably. The costs which can be capitalized include the cost of material, direct labour, overhead costs that are directly attributable to prepare the asset for its intended use. Intangible assets are evaluated for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value less cost to sell and the value-in-use) is determined on an individual asset basis unless the asset does not generate cash flows that are largely independent of those from other assets. In such cases, the recoverable amount is determined for the CGU to which the asset belongs. If such assets are considered to be impaired, the impairment to be recognized in the net profit in the statement of comprehensive income is measured by the amount by which the carrying value of the assets exceeds the estimated recoverable amount of the asset. An impairment loss is reversed in the net profit in the statement of", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 83, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "788f8b3bcb074c9f"}, {"chunk_id": "ef81244fd48ae180", "content": "which the carrying value of the assets exceeds the estimated recoverable amount of the asset. An impairment loss is reversed in the net profit in the statement of comprehensive income if there has been a change in the estimates used to determine the recoverable amount. The carrying amount of the asset is increased to its revised recoverable amount, provided that this amount does not exceed the carrying amount that would have been determined (net of any accumulated amortization) had no impairment loss been recognized for the asset in prior years. 2.10 Business combinations Business combinations have been accounted for using the acquisition method under the provisions of IFRS 3 (Revised), Business Combinations. The purchase price in an acquisition is measured at the fair value of the assets transferred, equity instruments issued and liabilities incurred or assumed at the date of acquisition, which is the date on which control is transferred to the Group. The purchase price also includes the fair value of any contingent consideration. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair value on the date of acquisition. Contingent consideration is remeasured at fair value at each reporting date and changes in the fair value of the contingent consideration are recognized in the interim condensed Consolidated Statement", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 83, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "788f8b3bcb074c9f"}, {"chunk_id": "0bcda8a52694fcb1", "content": "Contingent consideration is remeasured at fair value at each reporting date and changes in the fair value of the contingent consideration are recognized in the interim condensed Consolidated Statement of Comprehensive Income. The interest of non-controlling shareholders is initially measured either at fair value or at the non-controlling interests’ proportionate share of the acquiree’s identifiable net assets. The choice of measurement basis is made on an acquisition-by-acquisition basis. Subsequent to acquisition, the carrying amount of non-controlling interests is the amount of those interests at initial recognition plus the non-controlling interests’ share of subsequent changes in equity of subsidiaries. Business combinations between entities under common control is outside the scope of IFRS 3 (Revised), Business Combinations and is accounted for at carrying value of assets acquired and liabilities assumed. The payments related to options issued by the Group over the non-controlling interests in its subsidiaries are accounted as financial liabilities and initially recognized at the estimated present value of gross obligations. Such options are subsequently measured at fair value in order to reflect the amount payable under the option at the date at which it becomes exercisable. In the event that the option expires unexercised, the liability is derecognized.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 83, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "788f8b3bcb074c9f"}, {"chunk_id": "ca88dcb7ddb697a7", "content": "becomes exercisable. In the event that the option expires unexercised, the liability is derecognized. On May 10, 2024, Infosys Ltd acquired 100% voting interests in InSemi Technology Services Private Limited, a semiconductor design services company headquartered in India. This acquisition is expected to strengthen our expertise in semiconductor ecosystem and Engineering R&D services. The purchase price is allocated to assets acquired and liabilities assumed based upon determination of fair values at the date of acquisition as follows: (Dollars in million) Component Acquiree's carrying amount Fair value adjustments Purchase price allocated", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 83, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "788f8b3bcb074c9f"}, {"chunk_id": "f59294d0934bf61d", "content": "Net Assets(1) 5 - 5 Intangible assets: Brand# - 2 2 Deferred tax liabilities on intangible assets - (2) (2) Total 12 Goodwill 12 Total purchase price 24 Customer related# - 7 7 (1) Includes cash and cash equivalents acquired of $5 million. # The estimated useful life is around 1 year to 5 years The excess of the purchase consideration paid over the fair value of assets acquired has been attributed to goodwill. The primary items that generated this goodwill are the value of the acquired assembled workforce and estimated synergies, neither of which qualify as an intangible asset. Goodwill is not tax-deductible. The purchase consideration of $24 million includes cash of $20 million and contingent consideration with an estimated fair value of $4 million as on the date of acquisition. At the acquisition date, the key inputs used in determination of the fair value of contingent consideration are the probabilities assigned towards achievement of financial targets and discount rate of 5.9%. The undiscounted value of contingent consideration as of March 31, 2025 was $4 million. Additionally, this acquisition has retention bonus and management incentive payable to the employees of the acquiree over three years, subject to their continuous employment with the Group and achievement of financial targets for the respective years.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 85, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e2725a318a5f36f1"}, {"chunk_id": "a5233fb4018705d7", "content": "with the Group and achievement of financial targets for the respective years. Bonus and incentives are recognized in employee benefit expenses in the Consolidated Statement of Comprehensive Income over the period of service. Transaction costs that the Group incurs in connection with a business combination such as finder’s fees, legal fees, due diligence fees, and other professional and consulting fees are expensed as incurred. The transaction costs of less than a million related to the acquisition have been included under administrative expenses in the Consolidated Statement of Comprehensive Income for the three months ended June 30, 2024. Fair value of trade receivables acquired is $4 million as of acquisition date and as of March 31, 2025 the amounts are substantially collected. On July 17, 2024, Infosys Germany GmbH wholly owned step down subsidiary of Infosys Limited acquired 100% voting interests in in-tech Holding GmbH, a leading provider of engineering R&D services headquartered in Germany. This acquisition is expected to strengthen Infosys’ engineering R&D capabilities and reaffirms its continued commitment to global clients to navigate their digital engineering journey. The purchase price is allocated to assets acquired and liabilities assumed based upon determination of fair values at the date of acquisition as follows: (Dollars in million) Component Acquiree's carrying amount Fair value adjustments", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 85, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e2725a318a5f36f1"}, {"chunk_id": "b3fde349f0f01bf4", "content": "(Dollars in million) Component Acquiree's carrying amount Fair value adjustments Purchase price allocated Assets(1) 87 - 87 Liabilities (43) - (43) Intangible assets: Customer related# - 205 205 Brand# - 18 18 Deferred tax liabilities on intangible assets - (61) (61) Goodwill 297 Loan (118) - (118) Total purchase price 385 Loan repayment 118 Total cash outflow 503 (1) Includes cash and cash equivalents acquired of $23 million. # The estimated useful life is around 6 years to 10 years The excess of the purchase consideration paid over the fair value of assets acquired has been attributed to goodwill. The primary items that generated this goodwill are the value of the acquired assembled workforce and estimated synergies, neither of which qualify as an intangible asset. Goodwill is not tax-deductible. The total purchase consideration of $385 million comprises the cash consideration paid to selling shareholders at the acquisition date. Additionally, this acquisition has retention bonus and management incentive payable to the employees of the acquiree over two to five years, subject to their continuous employment with the Group and achievement of financial targets for the respective years. Bonus and incentives are recognized in employee benefit expenses in the Statement of Profit and loss over the period of service.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 85, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e2725a318a5f36f1"}, {"chunk_id": "c437f495725ce605", "content": "Bonus and incentives are recognized in employee benefit expenses in the Statement of Profit and loss over the period of service. Fair value of trade receivables acquired is $17 million as of acquisition date and as of March 31, 2025 the amounts are substantially collected. Transaction costs that the Group incurs in connection with a business combination such as finder’s fees, legal fees, due diligence fees, and other professional and consulting fees are expensed as incurred. The transaction costs of $1 million related to the acquisition have been included under administrative expenses in the Consolidated Statement of Comprehensive Income for the quarter ended September 30, 2024. Proposed acquisitions On April 17, 2025, Infosys Singapore Pte Ltd., a wholly-owned step down subsidiary of Infosys Limited, entered into a definitive agreement to acquire 100% of the equity share capital of The Missing Link, a leading Cybersecurity service provider headquartered in Australia, for a consideration including earn-outs amounting up to AUD 98 million (approximately $62 million), excluding management incentives, and retention bonus, subject to customary closing adjustments. On April 17, 2025, Infosys Nova Holdings LLC, a wholly-owned step down subsidiary of Infosys Limited, entered into a definitive agreement to acquire 100% of the", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 85, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e2725a318a5f36f1"}, {"chunk_id": "c9ca7f96d0fc08ed", "content": "On April 17, 2025, Infosys Nova Holdings LLC, a wholly-owned step down subsidiary of Infosys Limited, entered into a definitive agreement to acquire 100% of the partnership interests of MRE Consulting Ltd, a leading Energy Consulting company, headquartered in USA, for a consideration including earn-outs amounting up to $36 million, excluding management incentives, and retention bonus , subject to customary closing adjustments. To consummate this transaction, Infosys Nova Holdings LLC has simultaneously incorporated an entity Infosys Energy Consulting Services LLC. 2.11 Employees' Stock Option Plans (ESOP) The Group recognizes compensation expense relating to share-based payments in net profit based on estimated fair-values of the awards on the grant date. The estimated fair value of awards is recognized as an expense in net profit in the interim condensed consolidated statement of comprehensive income on a straight-line basis over the requisite service period for each separately vesting portion of the award as if the award was in-substance, multiple awards with a corresponding increase to share premium. Infosys Expanded Stock Ownership Program 2019 (the 2019 Plan)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 85, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e2725a318a5f36f1"}, {"chunk_id": "81db0939e0bfed0f", "content": "On June 22, 2019 pursuant to approval by the shareholders in the Annual General Meeting, the Board has been authorized to introduce, offer, issue and provide share-based incentives to eligible employees of the Company and its subsidiaries under the 2019 Plan. The maximum number of shares under the 2019 plan shall not exceed 50,000,000 equity shares. To implement the 2019 Plan, up to 45,000,000 equity shares may be issued by way of secondary acquisition of shares by Infosys Expanded Stock Ownership Trust. The Restricted Stock Units (RSUs) granted under the 2019 plan shall vest based on the achievement of defined annual performance parameters as determined by the administrator (Nomination and Remuneration Committee). The performance parameters will be based on a combination of relative Total Shareholder Return (TSR) against selected industry peers and certain broader market domestic and global indices and operating performance metrics of the company as decided by administrator. Each of the above performance parameters will be distinct for the purposes of calculation of quantity of shares to vest based on performance. These instruments will generally vest between a minimum of 1 to maximum of 3 years from the grant date. 2015 Stock Incentive Compensation Plan (the 2015 Plan):", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 86, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8ab209697dea3722"}, {"chunk_id": "ff8aea2e2b8b95a0", "content": "These instruments will generally vest between a minimum of 1 to maximum of 3 years from the grant date. 2015 Stock Incentive Compensation Plan (the 2015 Plan): On March 31, 2016, pursuant to the approval by the shareholders through postal ballot, the Board was authorized to introduce, offer, issue and allot share-based incentives to eligible employees of the Company and its subsidiaries under the 2015 Plan. The maximum number of shares under the 2015 plan shall not exceed 24,038,883 equity shares (this includes 11,223,576 equity shares which are held by the trust towards the 2011 Plan as at March 31, 2016). These instruments will generally vest over a period of 4 years The plan numbers mentioned above are further adjusted with the September 2018 bonus issue. The equity settled and cash settled RSUs and stock options would vest generally over a period of 4 years and shall be exercisable within the period as approved by the Nomination and Remuneration Committee (NARC). The exercise price of the RSUs will be equal to the par value of the shares and the exercise price of the stock options would be the market price as on the date of grant. Controlled trust holds 9,655,927 and 10,916,829 shares as at March 31, 2025 and March 31, 2024, respectively under the 2015 plan. Out of these shares, 2,00,000 equity shares each have been earmarked for welfare activities of the employees as at March 31, 2025 and March 31, 2024.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 86, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8ab209697dea3722"}, {"chunk_id": "40b5dce4ae6c3e7d", "content": "Out of these shares, 2,00,000 equity shares each have been earmarked for welfare activities of the employees as at March 31, 2025 and March 31, 2024. The following is the summary of grants during three months and year ended March 31, 2025 and March 31, 2024: March 31, Year ended March 31, Particulars Three months ended 2025 2024 2025 2024 2025 2024 2025 2024 Equity settled RSUs Key Management Personnel (KMP) 49,000             26,900           119,699           141,171             85,674             77,094           380,842           498,730 Employees other than KMP 3,617,798        3,582,471        3,624,646        4,046,731        1,722,470        3,442,700        1,874,690        4,640,640 Total Grants 3,666,798        3,609,371        3,744,345        4,187,902        1,808,144        3,519,794        2,255,532        5,139,370 Key Management Personnel (KMP) -                       -                       -                       -                       -                       -                       -                       - Employees other than KMP -                       -                       -                       -               94,050           169,040             94,050           176,990 -                       -                       -                       -               94,050           169,040             94,050           176,990 Total Grants", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 86, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8ab209697dea3722"}, {"chunk_id": "0c2ca14a5e915de4", "content": "-                       -                       -                       -               94,050           169,040             94,050           176,990 Total Grants 3,666,798        3,609,371        3,744,345        4,187,902        1,902,194        3,688,834        2,349,582        5,316,360 Notes on grants to KMP: The Board, on April 18, 2024, based on the recommendations of the Nomination and Remuneration Committee approved the following grants for fiscal 2025. In accordance with such approval the following grants were made effective May 2, 2024. - 245,679 performance-based RSUs (Annual performance equity grant) of fair value of ₹34.75 crore. These RSUs will vest in line with the employment agreement based on achievement of certain performance targets. - 14,140 performance-based grant of RSUs (Annual performance equity ESG grant) of fair value of ₹2 crore. These RSUs will vest in line with the employment agreement based on achievement of certain environment, social and governance milestones as determined by the Board. - 35,349 performance-based grant of RSUs (Annual performance Equity TSR grant) of fair value of ₹5 crore . These RSUs will vest in line with the employment agreement based on Company’s performance on cumulative relative TSR over the years and as determined by the Board.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 86, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8ab209697dea3722"}, {"chunk_id": "b9c4ae3a3a8c0cb4", "content": "These RSUs will vest in line with the employment agreement based on Company’s performance on cumulative relative TSR over the years and as determined by the Board. Further, in accordance with the employee agreement which has been approved by the shareholders, the CEO is eligible to receive an annual grant of RSUs of fair value ₹3 crore which will vest overtime in three equal annual installments upon the completion of each year of service from the respective grant date. Accordingly, annual time-based grant of 16,204 RSUs was made effective February 1, 2025 for fiscal 2025. Though the annual time based grants and annual performance equity TSR grant for the remaining employment term ending on March 31, 2027 have not been granted as of March 31, 2025, since the service commencement date precedes the grant date, the company has recorded employment stock compensation expense in accordance with IFRS 2, Share based payments. The grant date for this purpose in accordance with IFRS 2, Share based payments is July 1, 2022. The Board, on April 18, 2024, based on the recommendations of the Nomination and Remuneration Committee, approved performance-based grant of RSUs amounting to ₹10 crore for fiscal 2025 under the 2019 Plan. These RSUs will vest based on achievement of certain performance targets. Accordingly, 70,699 performance based RSU’s were granted effective May 2, 2024.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 86, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8ab209697dea3722"}, {"chunk_id": "3b48987fded7859c", "content": "for fiscal 2025 under the 2019 Plan. These RSUs will vest based on achievement of certain performance targets. Accordingly, 70,699 performance based RSU’s were granted effective May 2, 2024. During the year ended March 31, 2025, based on recommendations of Nomination and Remuneration Committee, the Board approved 69,470 time based RSUs to other KMP under the 2015 plan. Time based RSUs will vest over four years. During the year ended March 31, 2025, based on recommendations of Nomination and Remuneration Committee, the Board approved performance based grants of 49,000 RSUs to other KMPs under the 2019 plan. These RSUs will vest over three years based on achievement of certain performance targets. The break-up of employee stock compensation expense is as follows: (Dollars in millions) Particulars Year ended March 31, 2025 2024 2025 2024 Granted to: KMP 2 2                      8                      8 Employees other than KMP 21 25                    87                    71 (1) Cash settled stock compensation expense included in the above -                        1                      2                      2", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 86, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8ab209697dea3722"}, {"chunk_id": "f014b627cbf4c41b", "content": "Total (1) 23                    27                    95                    79 The fair value of the awards are estimated using the Black-Scholes Model for time and non-market performance based options and Monte Carlo simulation model is used for TSR based options. The inputs to the model include the share price at date of grant, exercise price, expected volatility, expected dividends, expected term and the risk free rate of interest. Expected volatility during the expected term of the options is based on historical volatility of the observed market prices of the Company's publicly traded equity shares during a period equivalent to the expected term of the options. Expected volatility of the comparative company have been modelled based on historical movements in the market prices of their publicly traded equity shares during a period equivalent to the expected term of the options. Correlation coefficient is calculated between each peer entity and the indices as a whole or between each entity in the peer group. The fair value of each equity settled award is estimated on the date of grant using the following assumptions: For options granted in Fiscal 2025- Equity Shares- Fiscal 2024- Equity Shares- Weighted average share price (₹) / ($ ADS) 1,808               21.44 1,588               19.19 Exercise price (₹)/ ($ ADS) 5.00                 0.07                 5.00                 0.07 Expected volatility (%) 21-26 23-28 23-31 25-33", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 87, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "52dc9f638cde964c"}, {"chunk_id": "1ec6b9ead81aed43", "content": "1,808               21.44 1,588               19.19 Exercise price (₹)/ ($ ADS) 5.00                 0.07                 5.00                 0.07 Expected volatility (%) 21-26 23-28 23-31 25-33 Expected life of the option (years) 1-4 1-4 1-4 1-4 Expected dividends (%) 2-3 2-3 2-3 2-3 Risk-free interest rate (%) 7 4-5 7 4-5 Weighted average fair value as on grant date (₹) / ($ ADS) 1,555               18.20               1,317               16.27 The expected life of the RSU/ESOP is estimated based on the vesting term and contractual term of the RSU/ESOP, as well as expected exercise behavior of the employee who receives the RSU/ESOP. Income tax expense comprises current and deferred income tax. Income tax expense is recognized in net profit in the consolidated statement of comprehensive income except to the extent that it relates to items recognized directly in equity, in which case it is recognized in equity or other comprehensive income. Current income tax for current and prior periods is recognized at the amount expected to be paid to or recovered from the tax authorities, using the tax rates and tax laws that have been enacted or substantively enacted by the Balance Sheet date. Deferred income tax assets and liabilities are recognized for all temporary differences arising between the tax bases of assets and liabilities and their", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 87, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "52dc9f638cde964c"}, {"chunk_id": "908214f5ddd7b382", "content": "by the Balance Sheet date. Deferred income tax assets and liabilities are recognized for all temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements except when the deferred income tax arises from the initial recognition of goodwill or an asset or liability in a transaction that is not a business combination and affects neither accounting nor taxable profit or loss at the time of the transaction. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized. Deferred income tax assets and liabilities are measured using tax rates and tax laws that have been enacted or substantively enacted by the Balance Sheet date and are expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of changes in tax rates on deferred income tax assets and liabilities is recognized as income or expense in the period that includes the enactment or the substantive enactment date. A deferred income tax asset is recognized to the extent that it is probable that future taxable profit will be available against which the deductible temporary differences and tax losses can be utilized. Deferred income taxes are not", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 87, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "52dc9f638cde964c"}, {"chunk_id": "c5644291391f05fd", "content": "extent that it is probable that future taxable profit will be available against which the deductible temporary differences and tax losses can be utilized. Deferred income taxes are not provided on the undistributed earnings of subsidiaries and branches where it is expected that the earnings of the subsidiary or branch will not be distributed in the foreseeable future. The Group offsets current tax assets and current tax liabilities; deferred tax assets and deferred tax liabilities, where it has a legally enforceable right to set off the recognized amounts and where it intends either to settle on a net basis, or to realize the asset and settle the liability simultaneously. The income tax provision for the interim period is made based on the best estimate of the annual average tax rate expected to be applicable for the full financial year. Tax benefits of deductions earned on exercise of employee share options in excess of compensation charged to income are credited to equity. Income tax expense in the interim condensed consolidated statement of comprehensive income comprises: Particulars Year ended March 31, Three months ended March 31, 2025 2024 2025 2024 Current taxes Domestic taxes 245                          124                       1,089                          768 Foreign taxes 77                            18                          346                          247", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 87, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "52dc9f638cde964c"}, {"chunk_id": "74118999b1958097", "content": "Domestic taxes 245                          124                       1,089                          768 Foreign taxes 77                            18                          346                          247 322                          142                       1,435                       1,015 Domestic taxes (27)                          114                         (110)                          180 Foreign taxes 8                            17                           (40)                           (18) (19)                          131                         (150)                          162 Income tax expense 303                          273                       1,285                       1,177 Income tax expense for the three months ended March 31, 2025 and March 31, 2024 includes reversal (net of provisions) of $14 million and $105 million, respectively. Income tax expense for the year ended March 31, 2025 and March 31, 2024 includes provisions (net of reversals) of $16 million and reversal (net of provisions) of $113 million, respectively. These provisions and reversals pertaining to prior periods are primarily on account of adjudication of certain disputed matters, upon filing of tax return and completion of assessments, across various jurisdictions", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 87, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "52dc9f638cde964c"}, {"chunk_id": "ae228eed69c0dea8", "content": "completion of assessments, across various jurisdictions During the three months ended March 31, 2025, the Company received orders under section 250 of the Income Tax Act, 1961, from the Income Tax Authorities in India for the assessment years, 2016-17 and 2019-20. These orders confirmed the Company's position with respect to tax treatment of certain contentious matters. As a result interest income (pre-tax) of $38 million was recognised and provision for income tax aggregating $21 million was reversed with a corresponding credit to the Statement of Profit and Loss. Also, upon resolution of the disputes, an amount aggregating to $125 million has been reduced from contingent liabilities. Deferred income tax for the three months ended and year ended March 31, 2025 and March 31, 2024 substantially relates to origination and reversal of temporary differences", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 87, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "52dc9f638cde964c"}, {"chunk_id": "610d10a1baaebdd6", "content": "The Company’s Advanced Pricing Arrangement (APA) with the Internal Revenue Service (IRS) for US branch income tax expired in March 2021. The Company has applied for renewal of APA and currently the US taxable income is based on the Company’s best estimate determined based on the expected value method. As at March 31, 2025, claims against the Group not acknowledged as debts from the Income tax authorities amounted to $226 million (₹1,933 crore). As at March 31, 2024, claims against the Group not acknowledged as debts from the Income tax authorities amounted to $335 million (₹2,794 crore). Amount paid to statutory authorities against the tax claims amounted to $491 million (₹4,199 crore) and $1,048 million (₹8,743 crore) as at March 31, 2025 and March 31, 2024 respectively The claims against the Group primarily represent demands arising on completion of assessment proceedings under the Income Tax Act, 1961. These claims are on account of issues of disallowance of expenditure towards software being held as capital in nature, payments made to Associated Enterprises held as liable for withholding of taxes, among others. These matters are pending before various Income Tax Authorities and the Management including its tax advisors expect that its position will likely be upheld on ultimate resolution and will not have a material adverse effect on the Group's financial position and results of operations.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 88, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "67d32bb522834646"}, {"chunk_id": "a929745e3153954a", "content": "resolution and will not have a material adverse effect on the Group's financial position and results of operations. 2.13 Earnings per equity share Basic earnings per equity share is computed by dividing the net profit attributable to the equity holders of the Group by the weighted average number of equity shares outstanding during the period. Diluted earnings per equity share is computed by dividing the net profit attributable to the equity holders of the Group by the weighted average number of equity shares considered for deriving basic earnings per equity share and also the weighted average number of equity shares that could have been issued upon conversion of all dilutive potential equity shares. The dilutive potential equity shares are adjusted for the proceeds receivable had the equity shares been actually issued at fair value (i.e. the average market value of the outstanding equity shares). Dilutive potential equity shares are deemed converted as of the beginning of the period, unless issued at a later date. Dilutive potential equity shares are determined independently for each period presented. The number of equity shares and potentially dilutive equity shares are adjusted retrospectively for all periods presented for any share splits and bonus shares issues including for changes effected prior to the approval of the financial statements by the Board of Directors. 2.14 Related party transactions", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 88, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "67d32bb522834646"}, {"chunk_id": "c680253fd1e58c1c", "content": "changes effected prior to the approval of the financial statements by the Board of Directors. 2.14 Related party transactions Refer Note 2.20 \"Related party transactions\" in the Company’s 2024 Annual Report on Form 20-F for the full names and other details of the Company's subsidiaries and controlled trusts. Changes in Subsidiaries During the year ended March 31, 2025, the following are the changes in the subsidiaries: Danske IT and Support Services India Private Limited renamed as IDUNN Information Technology Private Limited On May 10, 2024 Infosys Ltd. acquired 100% of voting interests in InSemi Technology Services Private Limited along with its subsidiary Elbrus Labs Private Limited Infosys Services (Thailand) Limited, a Wholly-owned subsidiary of Infosys Limited was incorporated on July 26, 2024. Infy tech SAS, a Wholly-owned subsidiary of Infosys Singapore Pte Limited was incorporated on July 03, 2024. On July 17, 2024, Infosys Germany GmbH, a wholly owned subsidiary of Infosys Singapore Pte. Limited, acquired 100% of voting interests in in-tech Holding GmbH along with its subsidiary in-tech GmbH along with its six subsidiaries in-tech Automotive Engineering SL, ProIT, in-tech Automotive Engineering de R.L. de C.V, drivetech Fahrversuch GmbH, Friedrich Wagner Holding Inc along with its two subsidiaries (in-tech Automotive Engineering LLC and in-tech Services LLC) and", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 88, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "67d32bb522834646"}, {"chunk_id": "842f948334631f02", "content": "drivetech Fahrversuch GmbH, Friedrich Wagner Holding Inc along with its two subsidiaries (in-tech Automotive Engineering LLC and in-tech Services LLC) and Friedrich & Wagner Asia Pacific GmbH along with its five subsidiaries in-tech engineering s.r.o, in-tech engineering GmbH, in-tech engineering services S.R.L, in- tech Group Ltd along with its subsidiary (in-tech Group India Private Limited) and In-tech Automotive Engineering Shenyang Co., Ltd along with its subsidiary (In- tech Automotive Engineering Beijing Co., Ltd). Subsequently on September 01, 2024 in-tech Group India Private Limited became a wholly-owned subsidiary of Infosys limited. . . . . . . . . . . . . . . . On October 17, 2024, Infosys Singapore Pte Ltd. acquired 100% of voting interests in Blitz 24-893 SE ,Germany Skava systems Private Limited,  a wholly-owned subsidiary of Infosys ltd has been liquidated effective November 14, 2024 in-tech Automotive Engineering de. R L de. C V, a wholly-owned subsidiary of in-tech GmbH is under liquidation. Friedrich Wagner Holding Inc, a wholly-owned subsidiary of in-tech GmbH is under liquidation. in-tech Services LLC, a wholly-owned subsidiary of Friedrich Wagner Holding Inc has been liquidated effective November 30, 2024 in-tech Automotive Engineering LLC, a wholly-owned subsidiary of Friedrich Wagner Holding Inc has been liquidated effective November 30, 2024", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 88, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "67d32bb522834646"}, {"chunk_id": "932642a24a59f5d7", "content": "in-tech Automotive Engineering LLC, a wholly-owned subsidiary of Friedrich Wagner Holding Inc has been liquidated effective November 30, 2024 Infosys Consulting S.r.l. (Romania) renamed as Infosys Romania S.r.l. Kaleidoscope Animations, a wholly-owned subsidiary of Infosys Nova Holdings LLC merged into Infosys Nova Holdings LLC effective January 1, 2025 Blue Acorn iCi Inc, a wholly-owned subsidiary of Infosys Nova Holdings LLC merged into Infosys Nova Holdings LLC effective January 1, 2025 WongDoody Inc, a wholly-owned subsidiary of Infosys limited merged into Infosys Nova Holdings LLC effective January 1, 2025 Outbox systems Inc. dba Simplus (US), a wholly-owned subsidiary of Infosys Nova Holdings LLC merged into Infosys Nova Holdings LLC effective January 1, 2025 in-tech Holding GmbH, a wholly-owned subsidiary of Infosys Singapore Pte. Limited merged into in-tech GmbH effective January 1, 2025 Friedrich & Wagner Asia Pacific GmbH, a wholly-owned subsidiary of in-tech GmbH merged into in-tech GmbH effective January 1, 2025 Infosys Limited SPC, a Wholly-owned subsidiary of Infosys Limited was incorporated on December 12, 2024. Infosys BPM Netherlands B.V., a Wholly-owned subsidiary of Infosys BPM Limited was incorporated on March 20, 2025. Change in key management personnel The following are the changes in the key management personnel:� -", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 88, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "67d32bb522834646"}, {"chunk_id": "3165744c139202b9", "content": "Change in key management personnel The following are the changes in the key management personnel:� - Jayesh Sanghrajka (appointed as Chief Financial Officer effective April 1, 2024) Transactions with key management personnel The table below describes the compensation to key management personnel which comprise directors and executive officers: Year ended March 31, Particulars Three months ended March 31, (Dollars in millions) Salaries and other short term employee benefits to whole-time directors and executive officers(1)(2) 4                            4                        14                           14 Commission and other benefits to non-executive/ independent directors -                              1                          2                             2 Total 4                            5                        16 16", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 88, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "67d32bb522834646"}, {"chunk_id": "69be41ef28d60f16", "content": "(1) Total employee stock compensation expense for the three months ended March 31, 2025 and March 31, 2024 includes a charge of $2 million and $2 million respectively, towards key management personnel. For the year ended March 31, 2025 and March 31, 2024, includes a charge of $8 million and $ 8 million respectively, towards key management personnel. (Refer note 2.11). (2) Does not include post-employment benefits and other long-term benefits, based on actuarial valuation as these are done for the Company as a whole. 2.15 Segment reporting IFRS 8 Operating Segments establishes standards for the way that public business enterprises report information about operating segments and related disclosures about products and services, geographic areas, and major customers. The Group's operations predominantly relate to providing end-to-end business solutions to enable clients to enhance business performance. The Chief Operating Decision Maker (CODM) evaluates the Group's performance and allocates resources based on an analysis of various performance indicators by business segments. Accordingly, information has been presented along business segments. The accounting principles used in the preparation of the financial statements are consistently applied to record revenue and expenditure in individual segments, and are as set out in the accounting policies.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 90, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "47f4b5423ef54b1e"}, {"chunk_id": "64d4463caabc3acf", "content": "and expenditure in individual segments, and are as set out in the accounting policies. Business segments of the Group are primarily enterprises in Financial Services and Insurance, enterprises in Manufacturing, enterprises in Retail, Consumer Packaged Goods and Logistics, enterprises in the Energy, Utilities, Resources and Services, enterprises in Communication, Telecom OEM and Media, enterprises in Hi-Tech, enterprises in Life Sciences and Healthcare and all other segments. The Financial services reportable segments has been aggregated to include the Financial Services operating segment and Finacle operating segment because of the similarity of the economic characteristics. All other segments represent the operating segments of businesses in India, Japan, China, Infosys Public Services & other enterprises in Public Services. Revenue and identifiable operating expenses in relation to segments are categorized based on items that are individually identifiable to that segment. Revenue for 'all other segments' represents revenue generated by Infosys Public Services and revenue generated from customers located in India, Japan and China and other enterprises in public service. Allocated expenses of segments include expenses incurred for rendering services from the Group's offshore software development centers and on-site expenses, which are categorized in relation to the associated efforts of the segment.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 90, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "47f4b5423ef54b1e"}, {"chunk_id": "1aa6bbfd1242d072", "content": "include expenses incurred for rendering services from the Group's offshore software development centers and on-site expenses, which are categorized in relation to the associated efforts of the segment. Certain expenses such as depreciation and amortization, which form a significant component of total expenses, are not specifically allocable to specific segments as the underlying assets are used interchangeably. The Management believes that it is not practical to provide segment disclosures relating to those costs and expenses, and accordingly these expenses are separately disclosed as \"unallocated\" and adjusted against the total income of the Group. Assets and liabilities used in the Group's business are not identified to any of the reportable segments, as these are used interchangeably between segments. The Management believes that it is currently not practicable to provide segment disclosures relating to total assets and liabilities since a meaningful segregation of the available data is onerous. Business segment revenue information is collated based on individual customers invoiced or in relation to which the revenue is otherwise recognized. Disclosure of revenue by geographic locations is given in note 2.16 Revenue from operations 2.15.1 Business segments (Dollars in millions) Particulars Financial Services(1) Retail(2) Communication For the three months ended March 31, 2025 and March 31, 2024 Energy, Utilities, Resources", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 90, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "47f4b5423ef54b1e"}, {"chunk_id": "f17a2e9b81e10f8f", "content": "2.15.1 Business segments (Dollars in millions) Particulars Financial Services(1) Retail(2) Communication For the three months ended March 31, 2025 and March 31, 2024 Energy, Utilities, Resources and Services Manufacturing Hi-Tech Life Sciences(4) All other segments(5) Revenue 1,342             629                    554                 614                    754                393                320                124             4,730 Identifiable operating expenses 770             316                    355                 320                    483                232                190                  71             2,737 1,205            653                    562                610                    673               399               332               130             4,564 727            312                    366                327                    440               240               197                 78             2,687 Allocated expenses 231             123                    102                 111                    133                  69                  59                  23                851 244            117                      99                111                    103                 62                 59                 25               820 Segment Profit 341             190                      97                 183                    138                  92                  71                  30             1,142", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 90, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "47f4b5423ef54b1e"}, {"chunk_id": "75a0e3e719d60e4e", "content": "Segment Profit 341             190                      97                 183                    138                  92                  71                  30             1,142 234            224                      97                172                    130                 97                 76                 27             1,057 Unallocable expenses 150 140 Operating profit 992 917 Other income, net 137 Finance Cost 12 13 Profit before income taxes 1,117 1,232 Income tax expense 303 273 Net profit 814 959 Depreciation and amortization 150 140 Non-cash expenses other than depreciation and amortization - (1)  Financial Services include enterprises in Financial Services and Insurance (2)  Retail includes enterprises in Retail, Consumer Packaged Goods and Logistics (3)  Communication includes enterprises in Communication, Telecom OEM and Media (4)  Life Sciences includes enterprises in Life sciences and Health care (5)  Others include operating segments of businesses in India, Japan, China, Infosys Public Services & other enterprises in Public Services For the year ended March 31, 2025 and March 31, 2024 (Dollars in millions) Particulars Financial Services(1) Retail(2) Communication Energy, Utilities, Resources and Services Manufacturing Hi-Tech Life Sciences(4) All other segments(5) Revenue 5,342          2,609                 2,260              2,568                  2,980             1,548             1,400                570           19,277", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 90, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "47f4b5423ef54b1e"}, {"chunk_id": "e2896857ad76057d", "content": "Hi-Tech Life Sciences(4) All other segments(5) Revenue 5,342          2,609                 2,260              2,568                  2,980             1,548             1,400                570           19,277 Identifiable operating expenses 3,059          1,293                 1,469              1,406                  1,911                897                848                354           11,237 5,093         2,719                 2,173             2,417                 2,696             1,498             1,391               575           18,562", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 90, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "47f4b5423ef54b1e"}, {"chunk_id": "c12bfd76af12bfa5", "content": "Allocated expenses 971             472                    396                 441                    495                270                237                118             3,400 2,993         1,414                 1,337             1,309                 1,763               874               811               355           10,856 973            473                    391                444                    423               245               230               128             3,307 Segment Profit 1,312             844                    395                 721                    574                381                315                  98             4,640 1,127            832                    445                664                    510               379               350                 92             4,399 Unallocable expenses 569 565 Operating profit 4,071 3,834 Other income, net 425 Finance Cost 49 56 Profit before income taxes 4,447 4,346 Income tax expense 1,285 1,177 Net profit 3,162 3,169 Depreciation and amortization 569 565 Non-cash expenses other than depreciation and amortization - (1)  Financial Services include enterprises in Financial Services and Insurance (2)  Retail includes enterprises in Retail, Consumer Packaged Goods and Logistics (3)  Communication includes enterprises in Communication, Telecom OEM and Media (4)  Life Sciences includes enterprises in Life sciences and Health care", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 91, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "82396a6ad67e0144"}, {"chunk_id": "c076934b22256cb9", "content": "(3)  Communication includes enterprises in Communication, Telecom OEM and Media (4)  Life Sciences includes enterprises in Life sciences and Health care (5)  Others include operating segments of businesses in India, Japan, China, Infosys Public Services & other enterprises in Public Services 2.15.2 Significant clients No client individually accounted for more than 10% of the revenues for the three months and year ended March 31, 2025 and March 31, 2024, respectively. 2.16 Revenue from Operations The Group derives revenues primarily from IT services comprising software development and related services, cloud and infrastructure services, maintenance, consulting and package implementation, licensing of software products and platforms across the Group’s core and digital offerings (together called as “software related services”) and business process management services. Contracts with customers are either on a time-and-material, unit of work, fixed-price or on a fixed-timeframe basis. Revenues from customer contracts are considered for recognition and measurement when the contract has been approved in writing, by the parties, to the contract, the parties to contract are committed to perform their respective obligations under the contract, and the contract is legally enforceable. Revenue is recognized upon transfer of control of promised products or", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 91, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "82396a6ad67e0144"}, {"chunk_id": "b019d945bb35517f", "content": "are committed to perform their respective obligations under the contract, and the contract is legally enforceable. Revenue is recognized upon transfer of control of promised products or services (“performance obligations”) to customers in an amount that reflects the consideration the Group has received or expects to receive in exchange for these products or services (“transaction price”). When there is uncertainty as to collectability, revenue recognition is postponed until such uncertainty is resolved. The Group assesses the services promised in a contract and identifies distinct performance obligations in the contract. The Group allocates the transaction price to each distinct performance obligation based on the relative standalone selling price. The price that is regularly charged for an item when sold separately is the best evidence of its standalone selling price. In the absence of such evidence, the primary method used to estimate standalone selling price is the expected cost plus a margin, under which the Group estimates the cost of satisfying the performance obligation and then adds an appropriate margin based on similar services. The Group’s contracts may include variable consideration including rebates, volume discounts and penalties. The Group includes variable consideration as part of transaction price when", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 91, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "82396a6ad67e0144"}, {"chunk_id": "d9e1d8702b371848", "content": "The Group’s contracts may include variable consideration including rebates, volume discounts and penalties. The Group includes variable consideration as part of transaction price when there is a basis to reasonably estimate the amount of the variable consideration and when it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is resolved. Revenue on time-and-material and unit of work based contracts, are recognized as the related services are performed. Fixed price maintenance revenue is recognized ratably either on a straight-line basis when services are performed through an indefinite number of repetitive acts over a specified period or ratably using a percentage of completion method when the pattern of benefits from the services rendered to the customer and Group’s costs to fulfil the contract is not even through the period of contract because the services are generally discrete in nature and not repetitive. Revenue from other fixed-price, fixed-timeframe contracts, where the performance obligations are satisfied over time is recognized using the percentage-of-completion method. Efforts or costs expended are used to determine progress towards completion as there is a direct relationship between input and productivity. Progress towards completion is", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 91, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "82396a6ad67e0144"}, {"chunk_id": "12127f30d142f1f0", "content": "method. Efforts or costs expended are used to determine progress towards completion as there is a direct relationship between input and productivity. Progress towards completion is measured as the ratio of costs or efforts incurred to date (representing work performed) to the estimated total costs or efforts. Estimates of transaction price and total costs or efforts are continuously monitored over the term of the contracts and are recognized in net profit in the period when these estimates change or when the estimates are revised. Revenues and the estimated total costs or efforts are subject to revision as the contract progresses. Provisions for estimated losses, if any, on incomplete contracts are recorded in the period in which such losses become probable based on the estimated efforts or costs to complete the contract. The billing schedules agreed with customers include periodic performance based billing and / or milestone based progress billings. Revenues in excess of billing are classified as unbilled revenue while billing in excess of revenues are classified as contract liabilities (which we refer to as unearned revenues). In arrangements for software development and related services and maintenance services, by applying the revenue recognition criteria for each distinct performance obligation, the", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 91, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "82396a6ad67e0144"}, {"chunk_id": "5091b81e512e9977", "content": "In arrangements for software development and related services and maintenance services, by applying the revenue recognition criteria for each distinct performance obligation, the arrangements with customers generally meet the criteria for considering software development and related services as distinct performance obligations. For allocating the transaction price, the Group measures the revenue in respect of each performance obligation of a contract at its relative standalone selling price. The price that is regularly charged for an item when sold separately is the best evidence of its standalone selling price. In cases where the Group is unable to determine the standalone selling price, the Group uses the expected cost plus margin approach in estimating the standalone selling price. For software development and related services, the performance obligations are satisfied as and when the services are rendered since the customer generally obtains control of the work as it progresses.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 91, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "82396a6ad67e0144"}, {"chunk_id": "d915ba4d42ae3cc5", "content": "Certain cloud and infrastructure services contracts include multiple elements which may be subject to other specific accounting guidance, such as leasing guidance. These contracts are accounted in accordance with such specific accounting guidance. In such arrangements where the Group is able to determine that hardware and services are distinct performance obligations, it allocates the consideration to these performance obligations on a relative standalone selling price basis. In the absence of standalone selling price, the Group uses the expected cost-plus margin approach in estimating the standalone selling price. When such arrangements are considered as a single performance obligation, revenue is recognized over the period and measure of progress is determined based on promise in the contract. Revenue from licenses where the customer obtains a “right to use” the licenses is recognized at the time the license is made available to the customer. Revenue from licenses where the customer obtains a “right to access” is recognized over the access period. Arrangements to deliver software products generally have three elements: license, implementation and Annual Technical Services (ATS).When implementation services are provided in conjunction with the licensing arrangement and the license and implementation have been identified as two distinct separate performance obligations, the transaction price for such", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 92, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ee7827820faf0557"}, {"chunk_id": "4c5c7502e38f29a6", "content": "conjunction with the licensing arrangement and the license and implementation have been identified as two distinct separate performance obligations, the transaction price for such contracts are allocated to each performance obligation of the contract based on their relative standalone selling prices. In the absence of standalone selling price for implementation, the Group uses the expected cost plus margin approach in estimating the standalone selling price. Where the license is required to be substantially customized as part of the implementation service the entire arrangement fee for license and implementation is considered to be a single performance obligation and the revenue is recognized using the percentage-of-completion method as the implementation is performed. Revenue from client training, support and other services arising due to the sale of software products is recognized as the performance obligations are satisfied. ATS revenue is recognized ratably on a straight-line basis over the period in which the services are rendered. Contracts with customers includes subcontractor services or third-party vendor equipment or software in certain integrated services arrangements. In these types of arrangements, revenue from sales of third-party vendor products or services is recorded net of costs when the Group is acting as an agent between the customer and the vendor, and gross when the Group is the", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 92, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ee7827820faf0557"}, {"chunk_id": "0db928bcf420084d", "content": "from sales of third-party vendor products or services is recorded net of costs when the Group is acting as an agent between the customer and the vendor, and gross when the Group is the principal for the transaction. In doing so, the Group first evaluates whether it obtains control of the specified goods or services before they are transferred to the customer. The Group considers whether it is primarily responsible for fulfilling the promise to provide the specified goods or services, inventory risk, pricing discretion and other factors to determine whether it controls the specified goods or services and therefore, is acting as a principal or an agent. A contract modification is a change in the scope or price or both of a contract that is approved by the parties to the contract. A contract modification that results in the addition of distinct performance obligations are accounted for either as a separate contract if the additional services are priced at the standalone selling price or as a termination of the existing contract and creation of a new contract if they are not priced at the standalone selling price. If the modification does not result in a distinct performance obligation, it is accounted for as part of the existing contract on a cumulative catch-up basis.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 92, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ee7827820faf0557"}, {"chunk_id": "c1519ca61726d52f", "content": "If the modification does not result in a distinct performance obligation, it is accounted for as part of the existing contract on a cumulative catch-up basis. The incremental costs of obtaining a contract (i.e., costs that would not have been incurred if the contract had not been obtained) are recognized as an asset if the Group expects to recover them. Certain eligible, nonrecurring costs (e.g. set-up or transition or transformation costs) that do not represent a separate performance obligation are recognized as an asset when such costs (a) relate directly to the contract; (b) generate or enhance resources of the Group that will be used in satisfying the performance obligation in the future; and (c) are expected to be recovered. Capitalized contract costs relating to upfront payments to customers are amortized to revenue and other capitalized costs are amortized to cost of sales over the respective contract life on a systematic basis consistent with the transfer of goods or services to customer to which the asset relates. Capitalized costs are monitored regularly for impairment. Impairment losses are recorded when present value of projected remaining operating cash flows is not sufficient to recover the carrying amount of the capitalized costs The Group presents revenues net of indirect taxes in its interim Consolidated Statement of Comprehensive Income.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 92, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ee7827820faf0557"}, {"chunk_id": "59824506a307600d", "content": "The Group presents revenues net of indirect taxes in its interim Consolidated Statement of Comprehensive Income. Revenues for the three months and year ended March 31, 2025 and March 31, 2024 is as follows: (Dollars in millions) Three months ended March 31, 2025 2024 2025 2024 Revenue from software services 4,507          4,341                          18,379                 17,549 Revenue from products and platforms 223             223                               898                   1,013 Total revenue from operations 4,730          4,564                          19,277                 18,562 The Group also derives revenues from the sale of products and platforms like Finacle – core banking solution, Edge Suite of products, Panaya platform, Stater digital platform and Infosys McCamish – insurance platform. Disaggregated revenue information Revenue disaggregation by business segments has been included in segment information (Refer note 2.15). The table below presents disaggregated revenues from contracts with customers by geography and contract type. The Group believes that this disaggregation best depicts how the nature, amount, timing and uncertainty of revenues and cash flows are affected by industry, market and other economic factors. Three months and year ended March 31, 2025 and March 31, 2024 (Dollars in millions) Three months ended March 31, Revenues by Geography* 2025 2024 2025 2024 North America", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 92, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ee7827820faf0557"}, {"chunk_id": "9dbdce284053191b", "content": "industry, market and other economic factors. Three months and year ended March 31, 2025 and March 31, 2024 (Dollars in millions) Three months ended March 31, Revenues by Geography* 2025 2024 2025 2024 North America 2,698          2,721                          11,166                 11,163 Europe 1,476          1,307                            5,745                   5,105 India 139             100                               593                      469 Rest of the world 417             436                            1,773                   1,825 Total 4,730          4,564                          19,277                 18,562 * Geographical revenue is based on the domicile of customer", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 92, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ee7827820faf0557"}, {"chunk_id": "12a9fd09729741ee", "content": "The percentage of revenue from fixed-price contracts for the three months ended March 31, 2025 and March 31, 2024 is 54% and 54%, respectively. The percentage of revenue from fixed-price contracts for the year ended March 31, 2025 and March 31, 2024 is 54% and 53%, respectively Trade Receivables and Contract Balances The timing of revenue recognition, billings and cash collections results in receivables, unbilled revenue, and unearned revenue on the Group’s Consolidated Balance Sheet. Amounts are billed as work progresses in accordance with agreed-upon contractual terms, either at periodic intervals (e.g., monthly or quarterly) or upon achievement of contractual milestones. The Group’s receivables are rights to consideration that are unconditional. Unbilled revenues comprising revenues in excess of billings from time and material contracts and fixed price maintenance contracts are classified as financial asset when the right to consideration is unconditional and is due only after a passage of time. Invoicing to the clients for other fixed price contracts is based on milestones as defined in the contract and therefore the timing of revenue recognition is different from the timing of invoicing to the customers. Therefore, unbilled revenues for other fixed price contracts (contract asset) are classified as non-financial asset because the right to consideration is dependent on completion of contractual milestones.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 94, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4d2d42842d62403d"}, {"chunk_id": "d7975824b27faf91", "content": "Therefore, unbilled revenues for other fixed price contracts (contract asset) are classified as non-financial asset because the right to consideration is dependent on completion of contractual milestones. Invoicing in excess of earnings are classified as unearned revenue. Trade receivable and unbilled revenues are presented net of impairment in the consolidated balance sheet. (Dollars in millions) Particulars 2.17 Unbilled Revenue March 31, 2025 March 31, 2024 Unbilled financial asset (1) 1,195                   1,151 Unbilled non financial asset (2) 569                      593 Total 1,764                   1,744 (1) Right to consideration is unconditional and is due only after a passage of time. (2) Right to consideration is dependent on completion of contractual milestones. Ordinary shares are classified as equity. Incremental costs directly attributable to the issuance of new ordinary shares, share options and buyback are recognized as a deduction from equity, net of any tax effects. When any entity within the Group purchases the company's ordinary shares, the consideration paid including any directly attributable incremental cost is presented as a deduction from total equity, until they are cancelled, sold or reissued. When treasury shares are sold or reissued subsequently, the amount received is recognized as", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 94, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4d2d42842d62403d"}, {"chunk_id": "9c532c5d828c1bdc", "content": "a deduction from total equity, until they are cancelled, sold or reissued. When treasury shares are sold or reissued subsequently, the amount received is recognized as an increase in equity, and the resulting surplus or deficit on the transaction is transferred to/ from Share premium. The amount received in excess of the par value has been classified as share premium. Additionally, share-based compensation recognized in net profit in the interim condensed consolidated statement of comprehensive income is credited to share premium. Amounts have been utilized for bonus issue and share buyback from share premium account. The Company has only one class of shares referred to as equity shares having a par value of ₹5/-. Retained earnings represent the amount of accumulated earnings of the Group. The Special Economic Zone Re-investment reserve has been created out of the profit of the eligible SEZ unit in terms of the provisions of Sec 10AA (1)(ii) of Income Tax Act, 1961. The reserve should be utilized by the Company for acquiring new plant and machinery for the purpose of its business in terms of the provisions of the Sec 10AA (2) of the Income Tax Act, 1961. Capital Redemption Reserve In accordance with section 69 of the Indian Companies Act, 2013, the Company creates capital redemption reserve equal to the nominal value of the shares bought back as an appropriation from general reserve / retained earnings.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 94, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4d2d42842d62403d"}, {"chunk_id": "fd4df16a8665f58c", "content": "back as an appropriation from general reserve / retained earnings. Cash flow hedge reserve When a derivative is designated as a cash flow hedging instrument, the effective portion of changes in the fair value of the derivative is recognized in other comprehensive income and accumulated in the cash flow hedging reserve. The cumulative gain or loss previously recognized in the cash flow hedging reserve is transferred to the net profit in the interim condensed consolidated Statement of Comprehensive Income upon the occurrence of the related forecasted transaction. Other components of equity Other components of equity include currency translation, re-measurement of net defined benefit liability/asset, fair value changes of equity instruments fair valued through other comprehensive income, changes on fair valuation of investments, net of taxes. Each holder of equity shares is entitled to one vote per share. The equity shares represented by American Depositary Shares (ADS) carry similar rights to voting and dividends as the other equity shares. Each ADS represents one underlying equity share. In the event of liquidation of the company, the holders of shares shall be entitled to receive any of the remaining assets of the company, after distribution of all preferential amounts. However, no such preferential amounts exist currently, other than the amounts held by irrevocable controlled trusts. The amount distributed will", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 94, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4d2d42842d62403d"}, {"chunk_id": "fd674ec67fd37555", "content": "preferential amounts. However, no such preferential amounts exist currently, other than the amounts held by irrevocable controlled trusts. The amount distributed will be in proportion to the number of equity shares held by the shareholders. For irrevocable controlled trusts, the corpus would be settled in favor of the beneficiaries. There are no voting, dividend or liquidation rights to the holders of options issued under the company's share option plans. 2.18.4 Share capital and share premium The Company has only one class of shares referred to as equity shares having a par value of ₹5/- each. 96,55,927 shares and 10,916,829 shares were held by controlled trust, as at March 31, 2025 and March 31, 2024, respectively. 2.18.5 Capital allocation policy Effective fiscal 2025, the Company expects to continue its policy of returning approximately 85% of the free cash flow cumulatively over a 5-year period through a combination of semi-annual dividends and/or share buyback/ special dividends subject to applicable laws and requisite approvals, if any. Under this policy, the Company expects to progressively increase its annual dividend per share (excluding special dividend if any). Free cash flow is defined as net cash provided by operating activities less capital expenditure as per the consolidated statement of cash flows prepared under IFRS. Dividend and buyback include applicable taxes.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 94, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4d2d42842d62403d"}, {"chunk_id": "c3875f8bdf5461b2", "content": "Dividend and buyback include applicable taxes. The Company’s objective when managing capital is to safeguard its ability to continue as a going concern and to maintain an optimal capital structure so as to maximize shareholder value. In order to maintain or achieve an optimal capital structure, the Company may adjust the amount of dividend payment, return capital to shareholders, issue new shares or buy back issued shares. As of March 31, 2025, the Company has only one class of equity shares and has no debt. Consequent to the above capital structure there are no externally imposed capital requirements.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 94, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4d2d42842d62403d"}, {"chunk_id": "2288c29eabdb9a2e", "content": "The final dividend on shares is recorded as a liability on the date of approval by the shareholders and interim dividends are recorded as a liability on the date of declaration by the Company's Board of Directors. Income tax consequences of dividends on financial instruments classified as equity will be recognized according to where the entity originally recognized those past transactions or events that generated distributable profits. The Company declares and pays dividends in Indian rupees. Companies are required to pay/distribute dividend after deducting applicable taxes. The remittance of dividends outside India is governed by Indian law on foreign exchange and is also subject to withholding tax at applicable rates. The amount of per share dividend recognized as distribution to equity shareholders is as follows: Particulars Year ended March 31, 2025 Year ended March 31, 2024 in ₹ in US Dollars in ₹ in US Dollars Interim dividend for fiscal 2025 21.00                          0.25 -                               - Special dividend for fiscal 2024 8.00                          0.10 -                               - Final dividend for fiscal 2024 20.00                          0.24 -                               - Interim dividend for fiscal 2024 -                                -                         18.00                         0.22 Final dividend for fiscal 2023", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 95, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "885feeb9ba9d782b"}, {"chunk_id": "c82b6ea7fa1e9f76", "content": "-                               - Interim dividend for fiscal 2024 -                                -                         18.00                         0.22 Final dividend for fiscal 2023 -                                -                         17.50                         0.21 During the year ended March 31, 2025, on account of the final and special dividend for fiscal 2024 and interim dividend for fiscal 2025, the Company has incurred a net cash outflow of ₹20,295 crore (approximately $2,417 million) (excluding dividend paid on treasury shares) The Board of Directors in their meeting held on April 17, 2025 recommended a final dividend of ₹22/- per equity share (approximately $0.26 per equity share) for the financial year ended March 31, 2025 . The payment is subject to the approval of shareholders in the AGM of the Company to be held on June 25, 2025 and if approved, would result in a net cash outflow of approximately $1,066 million (excluding dividend paid on treasury shares). 2.19 Break-up of expenses and other income, net 2.19.1 Gratuity and Pensions The Group provides for gratuity, a defined benefit retirement plan ('the Gratuity Plan') covering eligible employees majorly of Infosys and its Indian subsidiaries. The Gratuity Plan provides a lump-sum payment to vested employees at retirement, death, incapacitation or termination of employment, of an amount based on the respective employee's", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 95, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "885feeb9ba9d782b"}, {"chunk_id": "8f7e2ccab5c10b92", "content": "The Gratuity Plan provides a lump-sum payment to vested employees at retirement, death, incapacitation or termination of employment, of an amount based on the respective employee's salary and the tenure of employment with the Group. The Company contributes Gratuity liabilities to the Infosys Limited Employees' Gratuity Fund Trust (the Trust). In case of Infosys BPM and EdgeVerve, contributions are made to the Infosys BPM Employees' Gratuity Fund Trust and EdgeVerve Systems Limited Employees' Gratuity Fund Trust, respectively. Trustees administer contributions made to the Trusts and contributions are invested in a scheme with the Life Insurance Corporation of India as permitted by Indian law. The Group operates defined benefit pension plan in certain overseas jurisdictions, in accordance with the local laws. These plans are managed by third party fund managers. The plans provide for periodic payouts after retirement or for a lumpsum payment as set out in rules of each fund and includes death and disability benefits. The defined benefit plans require contributions which are based on a percentage of salary that varies depending on the age of the respective employees. Liabilities with regard to these defined benefit plans are determined by actuarial valuation, performed by an external actuary, at each Balance Sheet date using the projected unit credit method.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 95, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "885feeb9ba9d782b"}, {"chunk_id": "b3fe4f87e2f8539b", "content": "Liabilities with regard to these defined benefit plans are determined by actuarial valuation, performed by an external actuary, at each Balance Sheet date using the projected unit credit method. These defined benefit plans expose the Group to actuarial risks, such as longevity risk, interest rate risk and market risk. The Group recognizes the net obligation of a defined benefit plan in its Balance Sheet as an asset or liability. Gains and losses through re-measurements of the net defined benefit liability/(asset) are recognized in other comprehensive income and are not reclassified to profit or loss in subsequent periods. The actual return of the portfolio of plan assets, in excess of the yields computed by applying the discount rate used to measure the defined benefit obligation is recognized in other comprehensive income. The effect of any plan amendments is recognized in net profits in the interim condensed consolidated statement of comprehensive income. 2.19.2 Superannuation Certain employees of Infosys, Infosys BPM and EdgeVerve are participants in a defined contribution plan. The Group has no further obligations to the Plan beyond its monthly contributions which are periodically contributed to a trust fund, the corpus of which is invested with the Life Insurance Corporation of India. 2.19.3 Provident fund Eligible employees of Infosys receive benefits from a provident fund, which is a defined benefit plan.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 95, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "885feeb9ba9d782b"}, {"chunk_id": "69fee26df1115660", "content": "2.19.3 Provident fund Eligible employees of Infosys receive benefits from a provident fund, which is a defined benefit plan. Both the eligible employee and the company make monthly contributions to the provident fund plan equal to a specified percentage of the covered employee's salary. The company contributes a portion of the contributions to the Infosys Limited Employees' Provident Fund Trust. The trust invests in specific designated instruments as permitted by Indian law. The remaining portion is contributed to the government administered pension fund. The rate at which the annual interest is payable to the beneficiaries by the trust is being administered by the Government of India. The company has an obligation to make good the shortfall, if any, between the return from the investments of the Trust and the notified interest rate. In respect of Indian subsidiaries, eligible employees receive benefits from a provident fund, which is a defined contribution plan. Both the eligible employee and the respective companies make monthly contributions to this provident fund plan equal to a specified percentage of the covered employee's salary. Amounts collected under the provident fund plan are deposited in a government administered provident fund. The companies have no further obligation to the plan beyond its monthly contributions. 2.19.4 Compensated absences", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 95, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "885feeb9ba9d782b"}, {"chunk_id": "710e886eaa12d5cc", "content": "fund plan are deposited in a government administered provident fund. The companies have no further obligation to the plan beyond its monthly contributions. 2.19.4 Compensated absences The Group has a policy on compensated absences which are both accumulating and non-accumulating in nature. The expected cost of accumulating compensated absences is determined by actuarial valuation performed by an external actuary at each balance sheet date using projected unit credit method on the additional amount expected to be paid/availed as a result of the unused entitlement that has accumulated at the balance sheet date. Expense on non-accumulating compensated absences is recognized in the period in which the absences occur. 2.19.5 Other income, net", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 95, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "885feeb9ba9d782b"}, {"chunk_id": "0fcc03b11e54afe7", "content": "Other income is comprised primarily of interest income, dividend income, gain/loss on investment and exchange gain/loss on forward and options contracts and on translation of foreign currency assets and liabilities. Interest income is recognized using the effective interest method. Dividend income is recognized when the right to receive payment is established. 2.19.6 Foreign Currency Functional currency and presentation currency The functional currency of Infosys, its Indian subsidiaries and controlled trusts is the Indian rupee. The functional currencies for foreign subsidiaries are their respective local currencies. These financial statements are presented in U.S. dollars (rounded off to the nearest million) to facilitate the investors’ ability to evaluate Infosys’ performance and financial position in comparison to similar companies domiciled in other geographic locations. Transactions and translations Foreign-currency denominated monetary assets and liabilities are translated into the relevant functional currency at exchange rates in effect at the Balance Sheet date. The gains or losses resulting from such translations are recognized in the interim condensed Consolidated Statement of Comprehensive Income and reported within exchange gains/ (losses) on translation of assets and liabilities, net, except when deferred in Other Comprehensive Income as qualifying cash flow hedges. Non-monetary assets and non-", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 98, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3d7df682263a75ee"}, {"chunk_id": "8e29b3ce8ebb226c", "content": "gains/ (losses) on translation of assets and liabilities, net, except when deferred in Other Comprehensive Income as qualifying cash flow hedges. Non-monetary assets and non- monetary liabilities denominated in a foreign currency and measured at fair value are translated at the exchange rate prevalent at the date when the fair value was determined. Non-monetary assets and non-monetary liabilities denominated in a foreign currency and measured at historical cost are translated at the exchange rate prevalent at the date of transaction. The related revenue and expense are recognized using the same exchange rate. Transaction gains or losses realized upon settlement of foreign currency transactions are included in determining net profit for the period in which the transaction is settled. Revenue, expense and cash-flow items denominated in foreign currencies are translated into the relevant functional currencies using the exchange rate in effect on the date of the transaction. The translation of financial statements of the foreign subsidiaries to the presentation currency is performed for assets and liabilities using the exchange rate in effect at the Balance Sheet date and for revenue, expense and cash-flow items using the average exchange rate for the respective periods. The gains or losses resulting from such translation are included in currency translation reserves under other components of equity.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 98, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3d7df682263a75ee"}, {"chunk_id": "5f53938f36bef82e", "content": "The gains or losses resulting from such translation are included in currency translation reserves under other components of equity. When a subsidiary is disposed off, in full, the relevant amount is transferred to net profit in the Statement of Comprehensive Income. However, when a change in the parent's ownership does not result in loss of control of a subsidiary, such changes are recorded through equity. Other Comprehensive Income, net of taxes includes translation differences on non-monetary financial assets measured at fair value at the reporting date, such as equities classified as financial instruments and measured at fair value through other comprehensive income (FVOCI). Goodwill and fair value adjustments arising on the acquisition of a foreign entity are treated as assets and liabilities of the foreign entity and translated at the exchange rate in effect at the Balance Sheet date. 2.19.7 Government grants The Group recognizes government grants only when there is reasonable assurance that the conditions attached to them shall be complied with, and the grants will be received. Government grants related to assets are treated as deferred income and are recognized in the net profit in the statement of comprehensive income on a systematic and rational basis over the useful life of the asset.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 98, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3d7df682263a75ee"}, {"chunk_id": "c159234e8c36701e", "content": "basis over the useful life of the asset. Government grants related to revenue are recognized on a systematic basis in the statement of comprehensive income over the periods necessary to match them with the related costs which they are intended to compensate. 2.19.8 Operating Profits Operating profit of the Group is computed considering the revenues, net of cost of sales, selling and marketing expenses and administrative expenses. The table below provides details of break-up of expenses: Particulars Year ended March 31, Three months ended March 31, (Dollars in millions) Employee benefit costs 2,293 2,214 9,151 8,998 Depreciation and amortization* 150 140 569 565 Travelling costs 41 39 149 150 Cost of technical sub-contractors 379 357 1,530 1,477 Cost of software packages for own use 72 63 278 245 Third party items bought for service delivery to clients 375 377 1,589 1,372 Consultancy and professional charges (17) 13 11 36 Communication costs 7 8 34 40 Repairs and maintenance 15 14 59 54 Provision for post-sales client support and other provisions (26) (15) (13) 9 Others 13                             9                        48                        29 Total 3,302                      3,219                  13,405 12,975 * During the three months ended March 31, 2025, a decline in the revenue estimates led to the carrying value of the customer related intangibles assets recognized on business", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 98, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3d7df682263a75ee"}, {"chunk_id": "9ed381ec840aab0f", "content": "12,975 * During the three months ended March 31, 2025, a decline in the revenue estimates led to the carrying value of the customer related intangibles assets recognized on business combination exceeding the estimated recoverable amount. Consequently, the Company has recognized $22 million as the excess of carrying value over the estimated recoverable value for the three months ended March 31, 2025. Selling and marketing expenses (Dollars in millions) Particulars Year ended March 31, Three months ended March 31, Employee benefit costs 165 158 677 656 Travelling costs 12 10 48 38 Branding and marketing 40 34 144 121 Consultancy and professional charges 6 4 19 17 Communication costs - -                            1                          1 Others 3 3 9 9 Total 226                         209                       898                       842 Administrative expenses (Dollars in millions) Particulars Year ended March 31, Three months ended March 31, Employee benefit costs 85 83 337 327 Consultancy and professional charges 46 42 167 157 Repairs and maintenance 30 31 123 121 Power and fuel 6 6 26 24 Communication costs 9 9 38 40 Travelling costs 7 7 27 25 Rates and taxes 9 10 41 39 Insurance charges 8 6 35 25 Commission to non-whole time directors -                              1                          2                          2 Impairment loss recognized/(reversed) under expected credit loss model (6) (12) 6", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 98, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3d7df682263a75ee"}, {"chunk_id": "4e21598e3fa53822", "content": "Commission to non-whole time directors -                              1                          2                          2 Impairment loss recognized/(reversed) under expected credit loss model (6) (12) 6 15 Contribution towards Corporate Social Responsibility 11                           22                        69                        64 Others (Refer to note 2.6.2) 5                           14                        32                        72 Total 210                         219                       903                       911 Other income for the three months and year ended March 31, 2025 and March 31, 2024 is as follows: Particulars Year ended March 31, Three months ended March 31, (Dollars in millions)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 98, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3d7df682263a75ee"}, {"chunk_id": "22fa6bdce3df647e", "content": "Interest income on financial assets carried at amortized cost 48                           30                       180                       128 Interest income on financial assets carried at fair value through other comprehensive income 35                           38                       124                       122 Gain/(loss) on investments carried at fair value through profit or loss 6                           11                        34                        34 Interest income on income tax refund 38                         231                        41                       237 Exchange gains / (losses) on forward and options contracts (8)                           23                       (24) 12 Exchange gains / (losses) on translation of other assets and liabilities 21                         (15) 55                        11 Others (3)                           10                        15                        24 Total 137                         328                       425                       568 for and on behalf of the Board of Directors of Infosys Limited Nandan M. Nilekani Salil Parekh Bobby Parikh Chairman Chief Executive Officer Director and Managing Director Bengaluru Jayesh Sanghrajka A.G.S. Manikantha April 17, 2025 Chief Financial Officer Company Secretary [OCR] Deloitte Chartered Accountants Prestige Trade Tower; Level 19 46, Palace Road, High Grounds Haskins & Sells LLP Bengaluru-560 001 Karnataka, India Tel: +91 80 6188 6000", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 99, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "25ebff7aa4bad360"}, {"chunk_id": "f6e61a7223fbe751", "content": "Chief Financial Officer Company Secretary [OCR] Deloitte Chartered Accountants Prestige Trade Tower; Level 19 46, Palace Road, High Grounds Haskins & Sells LLP Bengaluru-560 001 Karnataka, India Tel: +91 80 6188 6000 Fax: +91 80 6188 6011 INDEPENDENT AUDITOR'S REPORT TO THE BOARD OF DIRECTORS OF INFOSYS LIMITED Report on the Audit of the Interim Consolidated Financial Statements Opinion interim consolidated financial statements of INFOSYS We have audited the accompanying 'Company\") , and its subsidiaries (the Company and its subsidiaries together LIMITED (the referred to as the \"Group\"), which comprise the Consolidated Balance Sheet as at March 31_ 2025, the Consolidated Statement of Comprehensive Income for the three months and year date, the Consolidated Statement of Changes in Equity and the Consolidated ended on that Statement of Cash Flows for the year ended on that date, and notes to the financial statements, material   accounting   policies other  explanatory information including summary of and (hereinafter referred to as the \"Interim Consolidated Financial Statements\") . In our opinion and to the best of our information and according to the explanations given to Interim Consolidated Financial Statements give and fair view in uS, the aforesaid true conformity with International Accounting Standard 34 (\"IAS 34 'Interim Financial Reporting as issued by the  International Accounting Standards Board (\"IASB\"), of the consolidated state", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 99, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "25ebff7aa4bad360"}, {"chunk_id": "591a02ed813047e3", "content": "uS, the aforesaid true conformity with International Accounting Standard 34 (\"IAS 34 'Interim Financial Reporting as issued by the  International Accounting Standards Board (\"IASB\"), of the consolidated state of affairs of the Group as at March 31, 2025, its consolidated profit and its consolidated total comprehensive income for the three months and year ended date, on that its consolidated changes in equity and its consolidated cash flows for the year ended on that date_ Basis for Opinion We conducted our audit of the Interim Consolidated Financial Statements in accordance with the Standards on Auditing (\"SAs\") issued by the Institute of Chartered Accountants of India (\"ICAI\") Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Interim Consolidated Financial Statements section of our report. We are independent of the Group in accordance with the Code of Ethics issued by the ICAI, and we have fulfilled our other ethical responsibilities in accordance with the Code of We believe that the audit evidence obtained by us is sufficient and appropriate to Ethics. provide a basis for our audit opinion on the Interim Consolidated Financial Statements; Key Audit Matters Key our  professional judgment, audit matters those matters  that, in of most are were significance in our audit of the consolidated financial statements of the current period_ These", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 99, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "25ebff7aa4bad360"}, {"chunk_id": "f4f58f7280869c71", "content": "Key Audit Matters Key our  professional judgment, audit matters those matters  that, in of most are were significance in our audit of the consolidated financial statements of the current period_ These matters were addressed in the context of our audit of the consolidated financial statements as whole, and in forming our opinion thereon, and we do not provide a separate opinion on these key matters. We have determined the matters described below to be the audit matters to be communicated in our report; Key Audit Matter Auditor's Response Sr No Revenue recognition Principal Procedures Audit Performed included the following: The procedures Group's contracts with Our audit related the (1) to performance include with identification of distinct customers contracts multiple products and services. The whether obligations, (2) determination of a principal or agent the Group is acting derives from IT group revenues as comprising price services software and (3) whether fixed maintenance development and related services, recognized on straight-line revenue is Regd. Office: One International Center, Tower 3, 31st floor, Senapati Bapat Marg; Elphinstone Road (West); Mumbai-400 013, Maharashtra, India. Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identification No: AAB-8737", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 99, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "25ebff7aa4bad360"}, {"chunk_id": "695baaf60c2f6fd1", "content": "[OCR] Deloitte Haskins & Sells LLP Key Sr. Auditor's Response Audit Matter No consulting maintenance , and basis or using the percentage of completion package   implementation, licensing method included following, the among of software products and platforms others: across the Group's core and digital offerings We tested the effectiveness of controls business and process The   Group management services. the (a) identification of relating to assesses the services promised in a distinct performance obligations, (b) distinct contract and identifies determination of whether the Group is obligations performance acting as a principal or an agent and (c) in the Identification whether   fixed   price contract. of distinct determination of performance obligations maintenance for certain to revenue determine the deliverables and the is recognized on a straight- contracts ability using of the customer benefit line basis the percentage of to or independently from such completion method. deliverables involves significant We selected sample of contracts with customers and performed the following judgement: In certain integrated services procedures: arrangements, contracts with customers subcontractor include Obtained and read contract documents services third-party vendor selection, each or for including software. equipment In these master service or of arrangements, types agreements, and other documents revenue of   third-party from sales that were part of the agreement: vendor products or services is recorded net of costs when the Group is acting as significant Identified and terms an agent between the customer and deliverables the contract", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 101, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6449e3b957a76ebf"}, {"chunk_id": "5e2be85408240e41", "content": "from sales that were part of the agreement: vendor products or services is recorded net of costs when the Group is acting as significant Identified and terms an agent between the customer and deliverables the contract in to the  vendor, and when management's the conclusions gross assess Group principal the for the regarding the  (i) identification of is transaction. In doing SO, the Group distinct performance obligations (ii) first evaluates whether obtains whether the Group is acting it as the   specified   goods control of principal agent and (iii) or or an service before it is transferred to the whether price fixed maintenance customer- The Group considers recognized is revenue on whether it is primarily responsible straight-line basis using the or for fulfilling the promise to provide percentage of completion method the specified goods services, or inventory risk, pricing discretion determine and other factors to whether it controls the products or service and therefore, is acting as a principal or an agent; Fixed price maintenance revenue is recognized ratably either on (1) straight-line basis when services are performed through indefinite an of   repetitive number acts over specified period (2) using or of  completion percentage method when the pattern ofbenefits from the services rendered the to customer and the Group's costs to fulfil the contract not is even period through the of contract because_the_services_are_generally [OCR] Deloitte Haskins & Sells LLP Key Sr, Audit Matter Auditor's Response No; nature and discrete in not repetitive. The of method use to recognize the maintenance", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 101, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6449e3b957a76ebf"}, {"chunk_id": "c2ecc090e1442468", "content": "even period through the of contract because_the_services_are_generally [OCR] Deloitte Haskins & Sells LLP Key Sr, Audit Matter Auditor's Response No; nature and discrete in not repetitive. The of method use to recognize the maintenance revenues requires judgment and is based promises in the the on contract and nature of the deliverables. As certain contracts with customers involve management's judgment in (1) identifying distinct performance determining obligations, (2) acting whether the Group is as principal agent (3) or and an whether fixed price maintenance revenue is recognized on a straight- line basis or using the percentage of method , completion revenue recognition from these judgments identified key audit were as matter and required a higher extent of audit effort. Refer Notes 1,5 and 2.16 the to Consolidated Financial Statements_ Revenue  recognition Principal Procedures Performed Fixed price Audit contracts  using the percentage included the following: of completion method Fixed price maintenance revenue is Our audit procedures related to estimates of recognized ratably either (1) on total expected costs or efforts to complete straight-line basis when services are fixed-price for included contracts the performed following, among others through indefinite an number  of  repetitive acts over specified period (2) effectiveness of controls using We tested the or percentage of   completion relating method (1)   recording to of   efforts or when the costs incurred and estimation of efforts or pattern of benefits from services rendered to the customer", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 101, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6449e3b957a76ebf"}, {"chunk_id": "73b9721d13ff5ea8", "content": "effectiveness of controls using We tested the or percentage of   completion relating method (1)   recording to of   efforts or when the costs incurred and estimation of efforts or pattern of benefits from services rendered to the customer costs required to complete the remaining and the Group's costs to fulfil the contract performance obligations and (2) contract even  through access and application controls pertaining the not period recording, because of contract the to time allocation and budgeting generally discrete systems which services prevents are in nature and not repetitive. Revenue recording unauthorised changes to of from other fixed-price , fixed- efforts incurred where timeframe contracts, the performance obligations selected We sample of fixed price are satisfied recognized time contracts with customers measured the over is using the percentage-of-completion using percentage-of-completion method method and performed the following: Use of the management's  ability percentage-of- Evaluated to completion method requires the reasonably estimate the progress Group determine the actual towards satisfying the  performance to efforts or costs expended to date as obligation by comparing_ actual", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 101, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6449e3b957a76ebf"}, {"chunk_id": "541fb4066b0983d5", "content": "[OCR] Deloitte Haskins & Sells LLP Key Audit Matter Auditor's Response Sr. No proportion of the estimated total efforts or costs incurred to prior year efforts estimates of efforts or costs budgeted costs to be incurred; or Efforts or costs expended have been for performance obligations that have used to measure progress towards been fulfilled, completion there direct as is between relationship efforts incurred input and Compared costs or productivity. The estimation of total with Group's estimate of efforts or efforts or costs involves significant costs incurred date identify to to significant judgement and variations and evaluate is assessed whether those variations have been period throughout of the the reflect changes considered appropriately in contract to any estimating the   remaining based the latest available costs on or information. Provisions for efforts to complete the contract: losses, estimated any, on uncompleted contracts are recorded Tested the estimate for consistency in the period in which such losses delivery with the status of of probable become based the milestones and customer on estimated efforts costs off from acceptances sign to and or customers to identify possible delays complete the contract. achieving milestones, in which We identified the estimate of total require changes in estimated costs or efforts costs to complete fixed efforts complete the remaining or to price contracts measured using the performance obligations percentage of   completion method audit key as matter the as estimation of total efforts Or costs involves significant judgement and", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 103, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b96509e9fbab240c"}, {"chunk_id": "b178bd27b830e029", "content": "efforts complete the remaining or to price contracts measured using the performance obligations percentage of   completion method audit key as matter the as estimation of total efforts Or costs involves significant judgement and is assessed throughout the period of the contract to reflect any changes available based the latest on information. This estimate has high inherent uncertainty and requires consideration of progress contract, of the efforts costs or incurred to-date and estimates of efforts or costs required to complete the remaining contract performance obligations the of the over term contracts required This high degree of auditor judgment in evaluating the audit evidence and higher extent of audit effort the evaluate to reasonableness of the total of estimated amount revenue recognized on fixed-price contracts. Refer Notes 1.5 and 2.16 the to Consolidated Financial Statements. [OCR] Deloitte Haskins & Sells LLP Responsibilities of Management and Board of Directors for the Interim Consolidated Financial Statements The Company's Board of Directors is responsible for the preparation and presentation of these Interim Consolidated Financial Statements that give a true and fair view of the consolidated financial   position, financial consolidated performance, comprehensive consolidated total income, consolidated changes in equity and consolidated cash flows of the Group in accordance with IAS 34 as issued by the IASB: The respective Boards of Directors of the entities included in the Group are   responsible for of adequate", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 103, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b96509e9fbab240c"}, {"chunk_id": "6bd363752ae5dc69", "content": "with IAS 34 as issued by the IASB: The respective Boards of Directors of the entities included in the Group are   responsible for of adequate accounting records for maintenance the safeguarding the Group assets of for detecting and preventing and frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance operating  effectively of adequate internal   financial   controls, that ensuring the were for the  accounting records, and completeness of the   preparation accuracy relevant to and presentation of the respective interim financial statements that give a true and fair view and are free from material misstatement; whether due to fraud or error which have been used for the purpose of preparation of the Interim Consolidated Financial Statements by the Directors of the Company, as aforesaid_ In preparing the Interim Consolidated Financial Statements, the respective Boards of Directors of the entities included in the Group are responsible for assessing the ability of the respective entities to continue concern, disclosing, a going as applicable, matters related to going as concern basis of accounting concern and using the going unless the respective Boards of Directors either intend to liquidate their respective entities or to cease operations, or have no realistic alternative but to do so_", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 103, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b96509e9fbab240c"}, {"chunk_id": "d85c6a5235f96081", "content": "concern and using the going unless the respective Boards of Directors either intend to liquidate their respective entities or to cease operations, or have no realistic alternative but to do so_ The respective Boards of Directors of the entities included in the Group are also responsible for overseeing the financial reporting process of the Group. Auditor's Responsibilities for the Audit of the Interim Consolidated Financial Statements Our objectives are to obtain reasonable assurance about whether the Interim Consolidated Financial Statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Interim Consolidated Financial Statements. As part of an audit in accordance with SAS, we exercise professional judgment and maintain professional scepticism throughout the audit: We also: Identify and the risks of of the Interim Consolidated misstatement material assess Financial Statements, whether due to fraud or error, design and perform audit procedures", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 103, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b96509e9fbab240c"}, {"chunk_id": "46fa7b66694dce7e", "content": "Identify and the risks of of the Interim Consolidated misstatement material assess Financial Statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, fraud may involve collusion, as forgery, intentional omissions, misrepresentations, or the override of internal control: understanding of internal financial controls relevant to the audit in order to Obtain an design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on effectiveness of such controls of accounting  policies Evaluate the appropriateness used  and the reasonableness of accounting estimates and related disclosures made by management. Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group to continue as a going concern. If we conclude that a material uncertainty exists,", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 103, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b96509e9fbab240c"}, {"chunk_id": "3dff1b8977c7b5a8", "content": "[OCR] Deloitte Haskins & Sells LLP we are required to draw attention in our auditor's report to the related disclosures in the Interim Consolidated Financial Statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group to cease to continue as a going concern. overall presentation, Evaluate the structure and content of the Interim Consolidated Financial Statements, including the disclosures, and whether the Interim Consolidated Financial Statements represent the underlying transactions and events in a manner that achieves fair presentation. Obtain sufficient appropriate audit evidence regarding the financial information of the within the Group to entities express an opinion on the Interim Consolidated Financial Statements. We are responsible for the direction, supervision and performance of the audit of financial statements of such entities included in the Interim Consolidated Financial Statements of which we are independent auditors. Materiality is the magnitude of misstatements in the Interim Consolidated Financial Statements that,  individually makes it  probable aggregate, that the in economic decisions of or reasonably knowledgeable user of the Interim Consolidated Financial Statements may be influenced, consider quantitative We materiality and qualitative factors in (i) planning the", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 105, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a5738deff678d727"}, {"chunk_id": "09187f7e0c71a058", "content": "that the in economic decisions of or reasonably knowledgeable user of the Interim Consolidated Financial Statements may be influenced, consider quantitative We materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Interim Consolidated Financial Statements_ We communicate with those charged with governance of the Company and such other entities included in the Interim Consolidated Financial Statements of which we are the independent auditors regarding, matters, the planned scope and timing of the audit and among other significant audit findings including any significant deficiencies in internal financial controls that we identify during our audit: We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the financial statements of the current key period and are therefore the these audit matters. We describe matters in our auditor's report  unless law regulation precludes public disclosure about the matter or when; in or", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 105, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a5738deff678d727"}, {"chunk_id": "1dc44dbdec1a5de1", "content": "key period and are therefore the these audit matters. We describe matters in our auditor's report  unless law regulation precludes public disclosure about the matter or when; in or extremely rare circumstances, we determine that a matter should not be communicated in our the adverse report because consequences of doing would   reasonably be expected to SO outweigh the public interest benefits of such communication. For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm's Registration No. 117366W/W-100018) Vikas Bagaria Partner (Membership No. 060408) UDIN: Place: Bengaluru Date: April 17, 2025 INFOSYS LIMITED AND SUBSIDIARIES", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 105, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a5738deff678d727"}, {"chunk_id": "a7c7e6be7954bedf", "content": "for the three months and year ended March 31, 2025 Consolidated Balance Sheet……………………………………………………………………………….. 1 Consolidated Statement of Comprehensive Income……………………………………………………….. 2 Consolidated Statement of Changes in Equity ……………………………………..…………………………………….. 3 Consolidated Statement of Cash Flows………………………………………………………………………. 5 Overview and Notes to the Interim Consolidated Financial Statements 1. Overview 1.1 Company overview …………………………………………………….……………………………………………………. 7 1.2 Basis of preparation of financial statements …………………………………………………….…………………………………… 7 1.3 Basis of consolidation……………………………………………………………………………… 7 1.4 Use of estimates and judgments…………………………………………………………………. 7 1.5 Critical accounting estimates and judgements……………………………………………………………………… 7 1.6 Recent accounting pronouncements…………………………………………………………….. 8 2. Notes to the Interim Consolidated Financial Statements 2.1 Cash and cash equivalents ……………………………………………………………………….. 9 2.2 Investments…………………………………………………………………………………………. 9 2.3 Financial instruments………………………………………………………………………………. 11 2.4 Prepayments and other assets………………………………………………………………………. 18 2.5 Other liabilities……………………………………………………………………………………….. 19 2.6 Provisions and other contingencies…………………………………………………………………………………………… 20 2.7 Property, plant and equipment……………………………………………………………………….. 22 2.8 Leases……………………..……………………………………………………………………….. 24", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 107, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "43dfa3ab50badaf3"}, {"chunk_id": "f339d82e55302204", "content": "19 2.6 Provisions and other contingencies…………………………………………………………………………………………… 20 2.7 Property, plant and equipment……………………………………………………………………….. 22 2.8 Leases……………………..……………………………………………………………………….. 24 2.9 Goodwill and Intangible Assets...……………………………………………………………..... 27 2.10 Business combinations ………………………………...………………………………………. 31 2.11 Employees' Stock Option Plans (ESOP)………………………………………………………………………… 33 2.12 Income Taxes……………………………………………………………………………………. 36 2.13 Earnings per equity share……………………………………………………………………………………. 39 2.14 Related party transactions……………………………………………………………………………………………….. 39 2.15 Segment reporting…………………………………………………………………………………………44 2.16 Revenue from Operations…………………………………………………………………………………..46 2.17 Unbilled Revenue……………………………………………………………………………….. 47 2.18 Equity…………………….………………………………………………………………………… 48 2.19  Expenses by nature………………...……………………………......…………...………………… 50 2.20  Employee benefits………………...……………………………......…………...………………… 51 2.21  Other Income………………...……………………………......…………...……………………… 57 (In ₹ crore except equity share data) Note March 31, 2025 March 31, 2024 ASSETS Current assets Cash and cash equivalents 2.1 24,455                      14,786 Current investments 2.2 12,482                      12,915 Trade receivables 31,158                      30,193 Unbilled revenue 2.17 12,851                      12,768 Prepayments and other current assets 2.4 12,986                      12,289 Income tax assets 2.12", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 107, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "43dfa3ab50badaf3"}, {"chunk_id": "1e1520e7d114275a", "content": "Trade receivables 31,158                      30,193 Unbilled revenue 2.17 12,851                      12,768 Prepayments and other current assets 2.4 12,986                      12,289 Income tax assets 2.12 2,975                        6,397 Derivative financial instruments 2.3 192                             84 Total current assets 97,099                      89,432 Non-current assets Property, plant and equipment 2.7 12,800                      12,818 Right-of-use assets 2.8 6,311                        6,552 Goodwill 2.9 10,106                        7,303 Intangible assets 2,766                        1,397 Non-current investments 2.2 11,059                      11,708 Unbilled revenue 2.17 2,232                        1,780 Deferred income tax assets 2.12 1,108                           454 Income tax assets 2.12 1,622                        3,045 Other non-current assets 2.4 3,800                        3,325 Total non-current assets 51,804                      48,382 Total assets 148,903                    137,814 Infosys Limited and subsidiaries Consolidated Balance Sheet as at Current liabilities Trade payables 4,164                        3,956 Lease liabilities 2.8 2,455                        1,959 Derivative financial instruments 2.3 63                             31 Current income tax liabilities 2.12 4,853                        3,585 Unearned revenue 8,492                        7,341 Employee benefit obligations 2,908                        2,622 Provisions 2.6", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 107, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "43dfa3ab50badaf3"}, {"chunk_id": "35ec5e7f7c4dfee0", "content": "Current income tax liabilities 2.12 4,853                        3,585 Unearned revenue 8,492                        7,341 Employee benefit obligations 2,908                        2,622 Provisions 2.6 1,475                        1,796 Other current liabilities 2.5 18,440                      17,504 Total current liabilities 42,850                      38,794 Non-current liabilities Lease liabilities 2.8 5,772                        6,400 Deferred income tax liabilities 2.12 1,722                        1,794 Employee benefit obligations 99                             89 Other non-current liabilities 2.5 2,257                        2,276 Total non-current liabilities 9,850                      10,559 Total liabilities 52,700                      49,353 Equity LIABILITIES AND EQUITY Share capital - ₹5 par value 4,800,000,000 (4,800,000,000) equity shares authorized, issued and outstanding 4,143,607,528 (4,139,950,635) equity shares fully paid up, net of 9,655,927 (10,916,829) treasury shares as at March 31, 2025 (March 31, 2024) 2.18 2,073                        2,071 Share premium 2,180                        1,550 Retained earnings 80,096                      69,674 Cash flow hedge reserves (18)                               6 Other reserves 8,298                      12,104 Capital redemption reserve 169                           169 Other components of equity 3,020                        2,542 Total equity attributable to equity holders of the Company 95,818                      88,116", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 107, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "43dfa3ab50badaf3"}, {"chunk_id": "497815c66899773e", "content": "Capital redemption reserve 169                           169 Other components of equity 3,020                        2,542 Total equity attributable to equity holders of the Company 95,818                      88,116 Non-controlling interests 385                           345 Total equity 96,203                      88,461 Total liabilities and equity 148,903                    137,814 The accompanying notes form an integral part of the consolidated financial statements. As per our report of even date attached for Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited Chartered Accountants Firm’s Registration No: 117366W/ W-100018 Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director Membership No. 060408 and Managing Director Bengaluru Jayesh Sanghrajka A.G.S. Manikantha April 17, 2025 Chief Financial Officer Company Secretary Infosys Limited and subsidiaries (In ₹ crore except equity share and per equity share data)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 107, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "43dfa3ab50badaf3"}, {"chunk_id": "48f2905819e5487c", "content": "2025 2024 2025 2024 Revenues 2.16 40,925                   37,923                 162,990                 153,670 Cost of sales 2.19 28,575                   26,748                 113,347                 107,413 Gross profit 12,350                   11,175                   49,643                   46,257 Operating expenses Note Consolidated Statement of Comprehensive Income for the Three months ended March 31, Selling and marketing expenses 2.19 1,957                     1,735                     7,588                     6,973 Administrative expenses 2.19 1,818                     1,819                     7,631                     7,537 Total operating expenses 3,775                     3,554                   15,219                   14,510 Operating profit 8,575                     7,621                   34,424                   31,747 Other income, net 2.21 1,190                     2,729                     3,600                     4,711 Finance cost 102                        110                        416                        470 Profit before income taxes 9,663                   10,240                   37,608                   35,988 Income tax expense 2.12 2,625                     2,265                   10,858                     9,740 Net profit 7,038                     7,975                   26,750                   26,248 Other comprehensive income Items that will not be reclassified subsequently to profit or loss", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 108, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5d87d3803eccc25c"}, {"chunk_id": "3646f109765ba6ae", "content": "Net profit 7,038                     7,975                   26,750                   26,248 Other comprehensive income Items that will not be reclassified subsequently to profit or loss Remeasurement of the net defined benefit liability/asset, net Equity instruments through other comprehensive income, net (145) 26                         (92) 120 2.2 29                         (12) 19                          19 (116) 14                         (73) 139 (56) 28                         (24) 11 384                       (231) 357                        226 2.2 63                          37                        199                        144 391                       (166) 532                        381 Total other comprehensive income/(loss), net of tax 275                       (152) 459                        520 Items that will be reclassified subsequently to profit or loss Fair value changes on derivatives designated as cash flow hedge, net Exchange differences on translation of foreign operations Fair value changes on investments, net Total comprehensive income 7,313                     7,823                   27,209                   26,768 Profit attributable to: Owners of the Company 7,033                     7,969                   26,713                   26,233 Non-controlling interests 5                            6                          37                          15 7,038                     7,975                   26,750                   26,248", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 108, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5d87d3803eccc25c"}, {"chunk_id": "62110722ebcd5680", "content": "Non-controlling interests 5                            6                          37                          15 7,038                     7,975                   26,750                   26,248 Total comprehensive income attributable to: Owners of the Company 7,304                     7,821                   27,167                   26,754 Non-controlling interests 9                            2                          42                          14 7,313                     7,823                   27,209                   26,768 Earnings per equity share Equity shares of par value ₹5/- each Basic (₹) 2.13 16.98                     19.25                     64.50                     63.39 Diluted (₹) 2.13 16.94                     19.22                     64.34                     63.29 Weighted average equity shares used in computing earnings per equity share Basic (in shares) 2.13 4,142,429,577       4,139,432,133       4,141,611,738       4,138,568,090 Diluted (in shares) 2.13 4,151,537,321       4,145,052,370       4,152,051,184       4,144,680,425 The accompanying notes form an integral part of the interim consolidated financial statements. As per our report of even date attached for Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited Chartered Accountants Firm’s Registration No: 117366W/ W-100018 Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director Membership No. 060408", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 108, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5d87d3803eccc25c"}, {"chunk_id": "0cfa30dc559dedac", "content": "Chartered Accountants Firm’s Registration No: 117366W/ W-100018 Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director Membership No. 060408 and Managing Director Bengaluru Jayesh Sanghrajka A.G.S. Manikantha April 17, 2025 Chief Financial Officer Company Secretary Infosys Limited and subsidiaries Consolidated Statement of Changes in Equity Number of Total equity attributable to equity (In ₹ crore except equity share data) Balance as at April 1, 2023 4,136,387,925         2,069          1,065       60,063         10,014                 169                2,032                 (5)                          75,407                 388             75,795 Changes in equity for the year ended March 31, 2024 Net profit -                 -                  -         26,233 -                      -                        -                   -                            26,233                   15             26,248 Remeasurement of the net defined benefit liability/asset, net* -                 -                  -                 -                   -                      -                     120 -                                 120 -                    120 Fair value changes on derivatives designated as Cash flow hedge, net* Equity instruments through other comprehensive income, net* -                 -                  -                 -                   -                      -                       19", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 108, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5d87d3803eccc25c"}, {"chunk_id": "74b8cc50cca40d4b", "content": "Equity instruments through other comprehensive income, net* -                 -                  -                 -                   -                      -                       19 -                                   19 -                      19 -                 -                  -                 -                   -                      -                        -                  11                                 11 -                      11 Exchange differences on translation of foreign operations Fair value changes on investments, net* -                 -                  -                 -                   -                      -                     227 -                                 227                   (1)                  226 -                 -                  -                 -                   -                      -                     144 -                                 144 -                    144 Total comprehensive income for the period", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 108, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5d87d3803eccc25c"}, {"chunk_id": "432cf4813678ae09", "content": "-                 -                  -         26,233 -                      -                     510                11                          26,754                   14             26,768 Employee stock compensation expense (Refer to note 2.11) Shares issued on exercise of employee stock options (Refer to note 2.11) 3,562,710                2                 3 -                   -                      -                        -                   -                                     5 -                        5 -                 -               639 -                   -                      -                        -                   -                                 639 -                    639 Income tax benefit arising on exercise of stock options (Refer to note 2.12) Transfer on account of options not exercised - 3 -                   -                      -                        -                   -                                     3 -                        3 -                 -            (160) 160 -                      -                        -                   -                                    -                     -                       - Transferred to other reserves Transferred from other reserves on utilization -                 -                  -          (2,957)           2,957", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 109, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "405d01323f785276"}, {"chunk_id": "b632a1147af51a33", "content": "Transferred to other reserves Transferred from other reserves on utilization -                 -                  -          (2,957)           2,957 -                        -                   -                                    -                     -                       - -                 -                  -              867            (867) -                        -                   -                                    -                     -                       - Dividends paid to non controlling interest of subsidiary -                 -                  -                 -                   -                      -                        -                   -                                    -                   (39)                   (39) Buyback of shares pertaining to non controlling interest of subsidiary -                 -                  -                 -                   -                      -                        -                   -                                    -                   (18)                   (18) Balance as at March 31, 2024 4,139,950,635         2,071          1,550       69,674         12,104                 169                2,542                  6                          88,116                 345             88,461 -                 -                  -        (14,692)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 109, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "405d01323f785276"}, {"chunk_id": "8e27d74c43c7eaa8", "content": "-                 -                  -        (14,692) -                      -                        -                   -                         (14,692) -              (14,692) Infosys Limited and subsidiaries Consolidated Statement of Changes in Equity Number of Total equity attributable to equity (In ₹ crore except equity share data) Balance as at April 1, 2024 4,139,950,635         2,071          1,550       69,674         12,104                 169                2,542                  6                          88,116                 345             88,461 Changes in equity for the year ended March 31, 2025 Net profit -                 -                  -         26,713 -                      -                        -                   -                            26,713                   37             26,750 Remeasurement of the net defined benefit liability/asset, net* -                 -                  -                 -                   -                      -                      (92) -                                (92) -                     (92) Fair value changes on derivatives designated as cash flow hedge, net* Equity instruments through other comprehensive income, net* -                 -                  -                 -                   -                      -                       19 -                                   19 -                      19", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 109, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "405d01323f785276"}, {"chunk_id": "c58cc65b16a9c2f5", "content": "-                 -                  -                 -                   -                      -                       19 -                                   19 -                      19 -                 -                  -                 -                   -                      -                        -                 (24)                               (24) -                     (24) Exchange differences on translation of foreign operations Fair value changes on investments, net* -                 -                  -                 -                   -                      -                     352 -                                 352                     5                  357 -                 -                  -                 -                   -                      -                     199 -                                 199 -                    199 Total comprehensive income for the period -                 -                  -         26,713 -                      -                     478               (24)                          27,167                   42             27,209 Employee stock compensation expense (Refer to note 2.11) Shares issued on exercise of employee stock options (Refer to note 2.11) 3,656,893                2                 4 -                   -                      -                        -                   -                                     6", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 109, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "405d01323f785276"}, {"chunk_id": "dc847a005add2eaa", "content": "3,656,893                2                 4 -                   -                      -                        -                   -                                     6 -                        6 -                 -               785 -                   -                      -                        -                   -                                 785 -                    785 -                 -                 39 -                   -                      -                        -                   -                                   39 -                      39 -                 -            (198) 198 -                      -                        -                   -                                    -                     -                       - Income tax benefit arising on exercise of stock options (Refer to note 2.12) Transferred on account of options not exercised Transferred to other reserves -                 -                  -               (74)                74 -                        -                   -                                    -                     -                       - Transferred from other reserves on utilization -                 -                  -              881            (881) -                        -                   -                                    -                     -                       -", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 109, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "405d01323f785276"}, {"chunk_id": "5080aa8daca897ef", "content": "Dividends paid to non controlling interest of subsidiary -                 -                  -                 -                   -                      -                        -                   -                                    -                     (2)                     (2) Transferred from other reserves to retained earnings -                 -                  -           2,999         (2,999) -                        -                   -                                    -                     -                       - Balance as at March 31, 2025 4,143,607,528         2,073          2,180       80,096           8,298                 169                3,020               (18)                          95,818                 385             96,203 -                 -                  -        (20,295) -                      -                        -                   -                         (20,295) -              (20,295) # net of treasury shares (1)  excludes treasury shares of 9,655,927 as at March 31, 2025, 10,916,829 as at April 1, 2024 and 12,172,119  as at April 1, 2023 held by consolidated trust. (2) Represents the Special Economic Zone Re-investment reserve created out of the profit of the eligible SEZ unit in terms of the provisions of Sec 10AA(1)(ii) of Income Tax Act,1961. The reserve should be utilized by the Group for acquiring", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 111, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "55e94ed6b251bd45"}, {"chunk_id": "abebae53af4d538a", "content": "The reserve should be utilized by the Group for acquiring new plant and machinery for the purpose of its business in terms of the provisions of the Sec 10AA(2) of the Income Tax Act, 1961. The accompanying notes form an integral part of the consolidated financial statements. for Deloitte Haskins & Sells LLP As per our report of even date attached for and on behalf of the Board of Directors of Infosys Limited Chartered Accountants Firm’s Registration No: 117366W/ W-100018 Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director Membership No. 060408 and Managing Director Bengaluru Jayesh Sanghrajka A.G.S. Manikantha April 17, 2025 Chief Financial Officer Company Secretary Infosys Limited and subsidiaries Consolidated Statement of Cash Flows Cash flows are reported using the indirect method, whereby profit for the period is adjusted for the effects of transactions of a non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments and item of income or expenses associated with investing or financing cash flows. The cash flows from operating, investing and financing activities of the Group are segregated. The Group considers all highly liquid investments that are readily convertible to known amounts of cash to be cash equivalents. 2025 2024 Operating activities Net Profit 26,750                 26,248 Year ended March  31,", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 111, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "55e94ed6b251bd45"}, {"chunk_id": "adce29c9ddc0b1ec", "content": "highly liquid investments that are readily convertible to known amounts of cash to be cash equivalents. 2025 2024 Operating activities Net Profit 26,750                 26,248 Year ended March  31, Adjustments to reconcile net profit to net cash provided by operating activities Depreciation and amortization 4,812                   4,678 Income tax expense 2.12                     10,858                   9,740 Finance cost 416                      470 Interest and dividend income (1,168)                 (1,138) Exchange differences on translation of assets and liabilities, net 79                        76 Impairment loss recognized/(reversed) under expected credit loss model 48                      121 Stock compensation expense 802                      652 Provision for post sale client support (110)                        75 Interest receivable on income tax refund (327)                 (1,934) Other adjustments 833                   1,471 Changes in working capital Trade receivables and unbilled revenue (1,769)                 (2,667) Prepayments and other assets (1,334)                 (1,252) Trade payables 176                        91 Unearned revenue 1,145                      178 Other liabilities and provisions 1,177                 (1,512) Cash generated from operations 42,388                 35,297 Income taxes paid (5,602)                 (9,231) Net cash generated by operating activities 36,786                 26,066 Investing activities", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 111, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "55e94ed6b251bd45"}, {"chunk_id": "d8bf1c9b4b28ddc8", "content": "Cash generated from operations 42,388                 35,297 Income taxes paid (5,602)                 (9,231) Net cash generated by operating activities 36,786                 26,066 Investing activities Expenditure on property, plant and equipment and intangibles (2,237)                 (2,201) Deposits placed with corporation (1,225)                    (847) Redemption of deposits placed with corporation 776                      710 Interest and dividend received 948                      912 Payment for acquisition of business, net of cash acquired 2.10                     (3,155) - Payment of contingent consideration pertaining to acquisition of business -                     (101) Payments to acquire Investments - Quoted debt securities (3,242)                 (1,526) - Liquid mutual fund units (73,048)               (66,191) - Certificates of deposit (6,978)                 (8,509) - Commercial paper (6,403)               (10,387) - Other investments (60)                      (14) Proceeds on sale of investments - Quoted debt securities 3,155                   1,684 - Liquid mutual fund units 73,987                 64,767 - Certificates of deposit 6,688                   9,205 - Commercial paper 7,735                   6,479 - Other investments 11                        26 Other receipts 10                      128 Net cash generated/(used) in investing activities (3,038)                 (5,865) Financing activities Payment of lease liabilities (2,355)                 (2,024)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 111, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "55e94ed6b251bd45"}, {"chunk_id": "c0c47ecfe2feef92", "content": "Other receipts 10                      128 Net cash generated/(used) in investing activities (3,038)                 (5,865) Financing activities Payment of lease liabilities (2,355)                 (2,024) Payment of dividends (20,287)               (14,692) Loan repayment of in-tech Holding GmbH (Refer to note 2.10) (985) - Payment of dividends to non-controlling interests of subsidiary -                       (39) Payment towards purchase of non-controlling interest (2)                      (18) Other payments (538)                    (736) Shares issued on exercise of employee stock options 6                          5", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 111, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "55e94ed6b251bd45"}, {"chunk_id": "420f215e102f7e8b", "content": "Net cash used in financing activities (24,161)               (17,504) Net increase/(decrease) in cash and cash equivalents 9,587                   2,697 Effect of exchange rate changes on cash and cash equivalents 82                      (84) Cash and cash equivalents at the beginning of the period 2.1                     14,786 12,173 Cash and cash equivalents at the end of the period 2.1                     24,455 14,786 Supplementary information: Restricted cash balance 2.1                          424                      348 The accompanying notes form an integral part of the interim consolidated financial statements. As per our report of even date attached for Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited Chartered Accountants Firm’s Registration No: 117366W/ W-100018 Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director Membership No. 060408 and Managing Director Bengaluru Jayesh Sanghrajka A.G.S. Manikantha April 17, 2025 Chief Financial Officer Company Secretary INFOSYS LIMITED AND SUBSIDIARIES Overview and Notes to the Interim Consolidated Financial Statements Infosys Limited ('the Company' or Infosys) provides consulting, technology, outsourcing and next-generation digital services, to enable clients to execute strategies for their digital transformation.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 112, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d7da6d31888a1d73"}, {"chunk_id": "b9ca30583fc27f5b", "content": "Infosys Limited ('the Company' or Infosys) provides consulting, technology, outsourcing and next-generation digital services, to enable clients to execute strategies for their digital transformation. Infosys strategic objective is to build a sustainable organization that remains relevant to the agenda of clients, while creating growth opportunities for employees and generating profitable returns for investors. Infosys strategy is to be a navigator for our clients as they ideate, plan and execute on their journey to a digital future. Infosys together with its subsidiaries and controlled trusts is herein after referred to as the \"Group\". The Company is a public limited company incorporated and domiciled in India and has its registered office at Electronics City, Hosur Road, Bengaluru -560100, Karnataka, India. The Company has its primary listings on the BSE Ltd. and National Stock Exchange of India Limited. The Company’s American Depositary Shares (ADS) representing equity shares are listed on the New York Stock Exchange (NYSE). The Group's interim consolidated financial statements are approved for issue by the Company's Board of Directors on April 17, 2025. 1.2 Basis of preparation of financial statements These consolidated financial statements are prepared in compliance with IAS 34, Interim Financial Reporting as issued by International Accounting Standards Board, under the historical", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 112, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d7da6d31888a1d73"}, {"chunk_id": "ff09be02f63e569c", "content": "These consolidated financial statements are prepared in compliance with IAS 34, Interim Financial Reporting as issued by International Accounting Standards Board, under the historical cost convention on accrual basis except for certain financial instruments which are measured at fair values, defined benefit liability/(asset) which is recognized at the present value of defined benefit obligation less fair value of plan assets.. Accounting policies are consistently applied except where a newly issued accounting standard is initially adopted or a revision to an existing accounting standard requires a change in the accounting policy hitherto in use. The material accounting policy information used in preparation of the audited interim consolidated financial statements have been discussed in the respective notes. As the quarter and year-end figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures reported for the previous quarters might not always add up to the year-end figures reported in this statement. 1.3 Basis of consolidation Infosys consolidates entities which it owns or controls. The interim consolidated financial statements comprise the financial statements of the Company, its controlled trusts and its subsidiaries.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 112, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d7da6d31888a1d73"}, {"chunk_id": "e5bc274d9aa0aa19", "content": "Infosys consolidates entities which it owns or controls. The interim consolidated financial statements comprise the financial statements of the Company, its controlled trusts and its subsidiaries. Control exists when the parent has power over the entity, is exposed, or has rights to variable returns from its involvement with the entity and has the ability to affect those returns by using its power over the entity. Power is demonstrated through existing rights that give the ability to direct relevant activities, those which significantly affect the entity's returns. Subsidiaries are consolidated from the date control commences until the date control ceases. The financial statements of the Group Companies are consolidated on a line-by-line basis and intra-group balances and transactions including unrealized gain / loss from such transactions are eliminated upon consolidation. These financial statements are prepared by applying uniform accounting policies in use at the Group. Non-controlling interests which represent part of the net profit or loss and net assets of subsidiaries that are not, directly or indirectly, owned or controlled by the Company, are excluded. Refer to Note 2.14 for the list of subsidiaries and controlled trusts of the Company. 1.4 Use of estimates and judgments", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 112, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d7da6d31888a1d73"}, {"chunk_id": "cde00b09ac0142c4", "content": "Refer to Note 2.14 for the list of subsidiaries and controlled trusts of the Company. 1.4 Use of estimates and judgments The preparation of the interim consolidated financial statements in conformity with IFRS requires management to make estimates, judgments and assumptions. These estimates, judgments and assumptions affect the application of accounting policies and the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the interim consolidated financial statements and reported amounts of revenues and expenses during the period. Application of accounting policies that require critical accounting estimates involving complex and subjective judgments and the use of assumptions in these financial statements have been disclosed in Note 1.5. Accounting estimates could change from period to period. Actual results could differ from those estimates. Appropriate changes in estimates are made as management becomes aware of changes in circumstances surrounding the estimates. Changes in estimates and judgments are reflected in the financial statements in the period in which changes are made and, if material, their effects are disclosed in the notes to the interim consolidated financial statements. 1.5 Critical accounting estimates and judgments a. Revenue recognition", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 112, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d7da6d31888a1d73"}, {"chunk_id": "404ec9001f54eefc", "content": "consolidated financial statements. 1.5 Critical accounting estimates and judgments a. Revenue recognition The Group’s contracts with customers include promises to transfer multiple products and services to a customer. Revenues from customer contracts are considered for recognition and measurement when the contract has been approved, in writing, by the parties to the contract, the parties to the contract are committed to perform their respective obligations under the contract, and the contract is legally enforceable. The Group assesses the services promised in a contract and identifies distinct performance obligations in the contract. Identification of distinct performance obligations to determine the deliverables and the ability of the customer to benefit independently from such deliverables, and allocation of transaction price to these distinct performance obligations involves significant judgement.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 112, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d7da6d31888a1d73"}, {"chunk_id": "f0ecaf30a89e0c4f", "content": "Fixed price maintenance revenue is recognized ratably on a straight-line basis when services are performed through an indefinite number of repetitive acts over a specified period. Revenue from a fixed price maintenance contract is recognized ratably using a percentage of completion method when the pattern of benefits from the services rendered to the customer and the Group’s costs to fulfil the contract is not even through the period of the contract because the services are generally discrete in nature and not repetitive. The use of method to recognize the maintenance revenues requires judgment and is based on the promises in the contract and nature of the deliverables. The Group uses the percentage-of-completion method in accounting for other fixed-price contracts. Use of the percentage-of-completion method requires the Group to determine the actual efforts or costs expended to date as a proportion of the estimated total efforts or costs to be incurred. Efforts or costs expended have been used to measure progress towards completion as there is a direct relationship between input and productivity. The estimation of total efforts or costs involves significant judgement and is assessed throughout the period of the contract to reflect any changes based on the latest available information.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 113, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c5155e30b6540d2d"}, {"chunk_id": "e3ab7809e6b20cd3", "content": "The estimation of total efforts or costs involves significant judgement and is assessed throughout the period of the contract to reflect any changes based on the latest available information. Contracts with customers includes subcontractor services or third-party vendor equipment or software in certain integrated services arrangements. In these types of arrangements, revenue from sales of third-party vendor products or services is recorded net of costs when the Group is acting as an agent between the customer and the vendor, and gross when the Group is the principal for the transaction. In doing so, the Group first evaluates whether it obtains control of the specified goods or services before they are transferred to the customer. The Group considers whether it is primarily responsible for fulfilling the promise to provide the specified goods or services, inventory risk, pricing discretion and other factors to determine whether it controls the specified goods or services and therefore, is acting as a principal or an agent. Provisions for estimated losses, if any, on incomplete contracts are recorded in the period in which such losses become probable based on the estimated efforts or costs to complete the contract. The Group's two major tax jurisdictions are India and the United States, though the Company also files tax returns in other overseas jurisdictions.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 113, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c5155e30b6540d2d"}, {"chunk_id": "bf5f4ed49b33f625", "content": "contract. The Group's two major tax jurisdictions are India and the United States, though the Company also files tax returns in other overseas jurisdictions. Significant judgments are involved in determining the provision for income taxes, including amount expected to be paid/recovered for uncertain tax positions. In assessing the realizability of deferred income tax assets, the Management considers whether some portion or all of the deferred income tax assets will not be realized. The ultimate realization of deferred income tax assets is dependent upon the generation of future taxable income during the periods in which the temporary differences become deductible. Management considers the scheduled reversals of deferred income tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based on the level of historical taxable income and projections for future taxable income over the periods in which the deferred income tax assets are deductible, the Management believes that the group will realize the benefits of those deductible differences. The amount of the deferred income tax assets considered realizable, however, could be reduced in the near term if estimates of future taxable income during the carry forward period are reduced. (Refer to Note 2.12) c. Business combinations and intangible assets", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 113, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c5155e30b6540d2d"}, {"chunk_id": "baef3d31accbc8e9", "content": "income during the carry forward period are reduced. (Refer to Note 2.12) c. Business combinations and intangible assets Business combinations are accounted for using IFRS 3 (Revised), Business Combinations. IFRS 3 requires us to fair value identifiable intangible assets and contingent consideration to ascertain the net fair value of identifiable assets, liabilities and contingent liabilities of the acquiree. These valuations are conducted by external valuation experts. Estimates are required to be made in determining the value of contingent consideration, value of option arrangements and intangible assets. These measurements are based on information available at the acquisition date and are based on expectations and assumptions that have been deemed reasonable by Management. (Refer to Note 2.10 and 2.9.2). d. Property, plant and equipment Property, plant and equipment represent a significant proportion of the asset base of the Group. The charge in respect of periodic depreciation is derived after determining an estimate of an asset’s expected useful life and the expected residual value at the end of its life. The useful lives and residual values of Group's assets are determined by Management at the time the asset is acquired and reviewed periodically, including at each financial year end. The lives are based on historical experience with similar assets as well as anticipation of future events,", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 113, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c5155e30b6540d2d"}, {"chunk_id": "da68b816c2b5dd49", "content": "asset is acquired and reviewed periodically, including at each financial year end. The lives are based on historical experience with similar assets as well as anticipation of future events, which may impact their life, such as changes in technology. (Refer to Note 2.7). e. Impairment of Goodwill Goodwill is tested for impairment on an annual basis and whenever there is an indication that the recoverable amount of a cash generating unit (CGUs) is less than its carrying amount. For the impairment test, goodwill is allocated to the CGU or groups of CGUs which benefit from the synergies of the acquisition and which represent the lowest level at which goodwill is monitored for internal management purposes. The recoverable amount of CGUs is determined based on higher of value-in-use and fair value less cost to sell. Key assumptions in the cash flow projections are prepared based on current economic conditions and comprises estimated long term growth rates, weighted average cost of capital and estimated operating margins. (Refer to note 2.9.1) 1.6 Recent accounting pronouncements New and revised IFRS Standards in issue but not yet effective: Amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates                                        Lack of Exchangeability", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 113, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c5155e30b6540d2d"}, {"chunk_id": "4a2cff5f262721e0", "content": "New and revised IFRS Standards in issue but not yet effective: Amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates                                        Lack of Exchangeability IFRS 18 Presentation and Disclosures in Financial Statements                                                             Presentation and Disclosures in Financial Statements Amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures             Amendments to the Classification and Measurement of Financial Instruments Amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures             Contracts Referencing Nature-dependent Electricity On August 15, 2023, IASB has issued amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates, Lack of Exchangeability that will require companies to provide more useful information in their financial statements when a currency cannot be exchanged into another currency. These amendments specify when a currency is exchangeable into another currency and when it is not and specify how an entity determines the exchange rate to apply when a currency is not exchangeable.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 113, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c5155e30b6540d2d"}, {"chunk_id": "c79f2005ca9b7339", "content": "The effective date for adoption of this amendment is annual periods beginning on or after January 1, 2025, although early adoption is permitted. The Group has evaluated the amendment and the impact is not expected to be material on its consolidated financial statements. IFRS 18 – Presentation and Disclosures in Financial Statements On April 9, 2024, IASB has issued IFRS 18 – Presentation and Disclosures in Financial Statements that will replace IAS 1 Presentation of Financial Statements from its effective date. IFRS 18 introduces new requirements for information presented in the primary financial statements and disclosed in the notes. The new requirements are focused on the statement of profit or loss. IFRS 18 introduces three categories for income and expenses, that is, operating, investing and financing to improve the structure of the income statement. IFRS 18 is effective for annual reporting periods beginning on or after 1 January 2027, although early adoption is permitted. The Group is yet to evaluate the impact of the amendment. Amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures On May 30, 2024, IASB has issued amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures, which clarifies the classification of financial assets with", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 115, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "46b157fea52c9cb0"}, {"chunk_id": "44bde8c56dd78185", "content": "On May 30, 2024, IASB has issued amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures, which clarifies the classification of financial assets with environmental, social and corporate governance (ESG) and similar features, derecognition of financial liability settled through electronic payment systems and also introduces additional disclosure requirements to enhance transparency for investors regarding investments in equity instruments designated at fair value through other comprehensive income and financial instruments with contingent features. The effective date for adoption of these amendments is annual reporting periods beginning on or after January 1, 2026, although early adoption is permitted. The Group is yet to evaluate the impact of these amendments. On December 18, 2024, IASB has issued amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures, relating to factors an entity is required to consider in assessing the own-use requirements for contracts to buy and take delivery of nature-dependent renewable electricity; hedge accounting treatment for nature-dependent renewable electricity and related disclosures. The effective date for adoption of these amendments is annual reporting periods beginning on or after January 1, 2026, although early adoption is permitted. The Group has evaluated the", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 115, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "46b157fea52c9cb0"}, {"chunk_id": "c84d3fb73e054cd5", "content": "The effective date for adoption of these amendments is annual reporting periods beginning on or after January 1, 2026, although early adoption is permitted. The Group has evaluated the amendment and there is no impact on its consolidated financial statements. 2. Notes to the Interim Consolidated Financial Statements 2.1 Cash and cash equivalents Cash and cash equivalents consist of the following: March 31, 2025 March 31, 2024 Cash and bank deposits 24,455                   14,786 Total Cash and cash equivalents 24,455                   14,786 Cash and cash equivalents as at March 31, 2025 and March 31, 2024 include restricted cash and bank balances of ₹424 crore and ₹348 crore, respectively. The restrictions are primarily on account of bank balances held by irrevocable trusts controlled by the Company. The deposits maintained by the Group with banks and financial institutions comprise of time deposits, which can be withdrawn by the Group at any point without prior notice or penalty on the principal. The carrying value of the investments are as follows: (In ₹ crore) Particulars March 31, 2025 March 31, 2024 (i) Current Investments Quoted debt securities 169 - Fair Value through other comprehensive income Quoted debt securities 3,211                     2,427 Commercial papers 3,641                     4,830 Certificate of deposit 3,504                     3,043 Fair Value through profit or loss Liquid mutual fund units 1,957                     2,615", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 115, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "46b157fea52c9cb0"}, {"chunk_id": "b7d55242566de158", "content": "Commercial papers 3,641                     4,830 Certificate of deposit 3,504                     3,043 Fair Value through profit or loss Liquid mutual fund units 1,957                     2,615 Total current investments 12,482                   12,915 (ii) Non-current Investments Amortized Cost Quoted debt securities 1,481                     1,759 Fair Value through other comprehensive income Quoted debt securities 8,666                     9,114 Quoted equity securities 57                        113 Unquoted equity and preference securities 169                          93 Fair Value through profit or loss Target maturity fund units 465                        431 Unquoted equity and preference securities 25 - Others(1) 196                        198 Total non-current investments 11,059                   11,708 Total investments 23,541                   24,623 Investments carried at amortized cost 1,650                     1,759 Investments carried at fair value through other comprehensive income 19,248                   19,620 Investments carried at fair value through profit or loss 2,643                     3,244 (1) Uncalled capital commitments outstanding as at March 31, 2025 and March 31, 2024 was ₹122 crore and ₹79 crore, respectively. Refer to note 2.3 for accounting policies on financial instruments. Details of amounts recorded in Other comprehensive income : (In ₹ crore) Gross Tax Net Gross Tax Net Net Gain/(loss) on Quoted debt securities 216                     (21) 195", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 115, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "46b157fea52c9cb0"}, {"chunk_id": "b9f829ed0d3d17ba", "content": "Details of amounts recorded in Other comprehensive income : (In ₹ crore) Gross Tax Net Gross Tax Net Net Gain/(loss) on Quoted debt securities 216                     (21) 195 160                                (15) 145 Commercial papers 3                       (1) 2 -                                    - - Certificates of deposit 3                       (1) 2 (1) - (1) Equity and preference securities 20                       (1) 19 10                                   9 19 Year ended March 31, 2025 Year ended March 31, 2024 Method of fair valuation: (In ₹ crore) Class of investment Method March 31, 2025 March 31, 2024 Liquid mutual fund units - carried at fair value through profit or loss 1,957 2,615 Target maturity fund units - carried at fair value through profit or loss 465 431 Quoted debt securities- carried at amortized cost 1,812 1,973 Quoted price and market observable inputs Quoted debt securities- carried at fair value through other comprehensive income 11,877 11,541 Commercial papers- carried at fair value through other comprehensive income 3,641 4,830 Quoted price and market observable inputs Market observable inputs Certificates of deposit- carried at fair value through other comprehensive income 3,504 3,043 Market observable inputs", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 115, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "46b157fea52c9cb0"}, {"chunk_id": "5817cdef72686985", "content": "Quoted equity securities carried at fair value through other comprehensive income Quoted price 57 113 Unquoted equity and preference securities - carried at fair value through profit or loss 25 - Discounted cash flows method, Market multiples method, option pricing model Unquoted equity and preference securities - carried at fair value through other comprehensive income Discounted cash flows method, Market multiples method, option pricing model 169 93 Others - carried at fair value through profit or loss 196 198 Discounted cash flows method, Market multiples method, option pricing model Total 23,703 24,837 Note: Certain quoted investments are classified as Level 2 in the absence of active market for such investments. 2.3 Financial instruments 2.3.1 Initial recognition The Group recognizes financial assets and financial liabilities when it becomes a party to the contractual provisions of the instrument. All financial assets and liabilities are recognized at fair value on initial recognition, except for trade receivables which are initially measured at transaction price. Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities which are not at fair value through profit or loss, are added to the fair value on initial recognition. Regular way purchase and sale of financial assets are accounted for at trade date. 2.3.2 Subsequent measurement a.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 116, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "dd6591ff1a0ca650"}, {"chunk_id": "19f1b45f6eb04f9c", "content": "Regular way purchase and sale of financial assets are accounted for at trade date. 2.3.2 Subsequent measurement a. Non-derivative financial instruments A financial asset is subsequently measured at amortized cost if it is held within a business model whose objective is to hold the asset in order to collect contractual cash flows and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. (i) Financial assets carried at amortized cost (ii) Financial assets carried at fair value through other comprehensive income (FVOCI) A financial asset is subsequently measured at fair value through other comprehensive income if it is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. The Group has made an irrevocable election for certain investments which are classified as equity instruments to present the subsequent changes in fair value in other comprehensive income based on its business model. (iii) Financial assets carried at fair value through profit or loss (FVTPL) (iv) Financial liabilities", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 116, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "dd6591ff1a0ca650"}, {"chunk_id": "93e09f77e4cfb666", "content": "in other comprehensive income based on its business model. (iii) Financial assets carried at fair value through profit or loss (FVTPL) (iv) Financial liabilities A financial asset which is not classified in any of the above categories is subsequently fair valued through profit or loss. Financial liabilities are subsequently carried at amortized cost using the effective interest method, except for contingent consideration and financial liability under option arrangements recognized in a business combination which are subsequently measured at fair value through profit or loss. b. Derivative financial instruments The Group holds derivative financial instruments such as foreign exchange forward and option contracts to mitigate the risk of changes in exchange rates on foreign currency exposures. The counterparty for such contracts is generally a bank. (i) Financial assets or financial liabilities, carried at fair value through profit or loss This category includes derivative financial assets or liabilities which are not designated as hedges. Although the Group believes that these derivatives constitute hedges from an economic perspective, they may not qualify for hedge accounting under IFRS 9, Financial Instruments. Any", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 116, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "dd6591ff1a0ca650"}, {"chunk_id": "ef2afcc365c49220", "content": "Although the Group believes that these derivatives constitute hedges from an economic perspective, they may not qualify for hedge accounting under IFRS 9, Financial Instruments. Any derivative that is either not designated as hedge, or is so designated but is ineffective as per IFRS 9, is categorized as a financial asset or financial liability, at fair value through profit or loss. Derivatives not designated as hedges are recognized initially at fair value and attributable transaction costs are recognized in net profit in the consolidated statement of comprehensive income when incurred. Subsequent to initial recognition, these derivatives are measured at fair value through profit or loss and the resulting exchange gains or losses are included in other income. Assets/ liabilities in this category are presented as current assets/current liabilities if they are either held for trading or are expected to be realized within 12 months after the Balance Sheet date. Primarily, the Group designates certain foreign exchange forward and options contracts as cash flow hedges to mitigate the risk of foreign exchange exposure on highly probable forecast cash transactions. When a derivative is designated as a cash flow hedging instrument, the effective portion of changes in the fair value of the derivative is recognized in other comprehensive income and accumulated in the cash flow hedging reserve.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 116, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "dd6591ff1a0ca650"}, {"chunk_id": "ad3400932fcc2419", "content": "accumulated in the cash flow hedging reserve. Any ineffective portion of changes in the fair value of the derivative is recognized immediately in the net profit in the interim consolidated statement of comprehensive income. If the hedging instrument no longer meets the criteria for hedge accounting, then hedge accounting is discontinued prospectively. If the hedging instrument expires or is sold, terminated or exercised, the cumulative gain or loss on the hedging instrument recognized in cash flow hedging reserve till the period the hedge was effective remains in cash flow hedging reserve until the forecasted transaction occurs. The cumulative gain or loss previously recognized in the cash flow hedging reserve is transferred to the net profit in the consolidated statement of comprehensive income upon the occurrence of the related forecasted transaction. If the forecasted transaction is no longer expected to occur, then the amount accumulated in cash flow hedging reserve is reclassified to net profit in the consolidated statement of comprehensive income. 2.3.3 Derecognition of financial instruments The Group derecognizes a financial asset when the contractual rights to the cash flows from the financial asset expire or it transfers the financial asset and the transfer qualifies for derecognition under IFRS 9.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 116, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "dd6591ff1a0ca650"}, {"chunk_id": "c7fbb8fc73d062e1", "content": "derecognition under IFRS 9. A financial liability (or a part of a financial liability) is derecognized from the Group's Balance Sheet when the obligation specified in the contract is discharged or cancelled or expires. 2.3.4 Fair value of financial instruments In determining the fair value of its financial instruments, the Group uses a variety of methods and assumptions that are based on market conditions and risks existing at each reporting date. The methods used to determine fair value include discounted cash flow analysis, available quoted market prices ,option pricing model, market multiples, and dealer quotes. All methods of assessing fair value result in general approximation of value, and such value may never actually be realized.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 116, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "dd6591ff1a0ca650"}, {"chunk_id": "0ae2a526fd347cf9", "content": "Refer to table 'Financial instruments by category' below for the disclosure on carrying value and fair value of financial assets and liabilities. For financial assets and liabilities maturing within one year from the Balance Sheet date and which are not carried at fair value, the carrying amounts approximate fair value due to the short maturity of these instruments. The Group recognizes loss allowances using the expected credit loss (ECL) model for the financial assets and unbilled revenue which are not fair valued through profit or loss. Loss allowance for trade receivables and unbilled revenues with no significant financing component is measured at an amount equal to lifetime ECL. For all other financial assets, expected credit losses are measured at an amount equal to the 12-month ECL, unless there has been a significant increase in credit risk from initial recognition in which case those are measured at lifetime ECL. The Group determines the allowance for credit losses based on historical loss experience adjusted to reflect current and estimated future economic conditions. The Group considers current and anticipated future economic conditions relating to industries the Group deals with and the countries where it operates.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 118, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "628c226ef1253af0"}, {"chunk_id": "a2db316caf6d3c46", "content": "The Group considers current and anticipated future economic conditions relating to industries the Group deals with and the countries where it operates. The amount of ECL (or reversal) that is required to adjust the loss allowance at the reporting date to the amount that is required to be recorded is recognized as an impairment loss or gain in the interim consolidated statement of comprehensive income. Financial instruments by category The carrying value and fair value of financial instruments by categories as at March 31, 2025 are as follows: Financial assets / liabilities at fair value through profit or Financial assets / liabilities at fair value through OCI Equity instruments designated upon value Total  fair value Designated upon initial recognition Assets: Cash and cash equivalents (Refer to note 2.1) 24,455 -                          -                            -                        -                     24,455                                 24,455 Investments (Refer to note 2.2) Liquid mutual fund units -                      -                    1,957 -                        -                       1,957                                   1,957 Target maturity fund units -                      -                       465 -                        -                          465                                      465 Quoted debt securities 1,650", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 118, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "628c226ef1253af0"}, {"chunk_id": "a44f149b8b831978", "content": "Target maturity fund units -                      -                       465 -                        -                          465                                      465 Quoted debt securities 1,650 -                          -                            -                11,877                   13,527                                 13,689  (1) Commercial Papers -                      -                          -                            -                  3,641                     3,641                                   3,641 Certificates of deposit -                      -                          -                            -                  3,504                     3,504                                   3,504 Quoted equity securities -                      -                          -                           57 -                            57                                        57 Unquoted equity and preference securities -                     25 -                         169 -                          194                                      194 Unquoted investment others -                      -                       196 -                        -                          196                                      196 Trade receivables 31,158 -                          -                            -                        -                     31,158                                 31,158", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 118, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "628c226ef1253af0"}, {"chunk_id": "92d48fefa66d3db8", "content": "Trade receivables 31,158 -                          -                            -                        -                     31,158                                 31,158 Unbilled revenues (Refer to note 2.17) (3) 10,214 -                          -                            -                        -                     10,214                                 10,214 Derivative financial instruments -                      -                       164 -                       28                        192                                      192 Total 74,687                   25                  2,782                       226              19,050                   96,770                                 96,852 Prepayments and other assets (Refer to note 2.4) 7,210 -                          -                            -                        -                       7,210                                   7,130  (2) Liabilities: Trade payables 4,164 -                          -                            -                        -                       4,164                                   4,164 Lease liabilities (Refer to note 2.8) 8,227 -                          -                            -                        -                       8,227                                   8,227 Derivative financial instruments -                      -                         30", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 118, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "628c226ef1253af0"}, {"chunk_id": "c04b4f46977ca62f", "content": "Derivative financial instruments -                      -                         30 -                       33                          63                                        63 Financial liability under option arrangements (Refer to note 2.5) -                      -                       667 -                        -                          667                                      667 Other liabilities including contingent consideration (Refer to note 2.5) 16,511 -                         31 -                        -                     16,542                                 16,542 Total 28,902 -                       728 -                       33                   29,663                                 29,663 (1)  On account of fair value changes including interest accrued (2) Excludes interest accrued on quoted debt securities carried at amortized cost of ₹80 crore. (3)  Excludes unbilled revenue for contracts where the right to consideration is dependent on completion of contractual milestones The carrying value and fair value of financial instruments by categories as at March 31, 2024 were as follows: Financial assets/ liabilities at fair value through profit or Financial assets/liabilities at fair Equity instruments designated upon value Total  fair value Designated upon initial recognition Cash and cash equivalents (Refer to note 2.1) 14,786", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 118, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "628c226ef1253af0"}, {"chunk_id": "8bff453658fd0166", "content": "fair value through profit or Financial assets/liabilities at fair Equity instruments designated upon value Total  fair value Designated upon initial recognition Cash and cash equivalents (Refer to note 2.1) 14,786 -                          -                            -                        -                     14,786                                 14,786 Investments (Refer to note 2.2)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 118, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "628c226ef1253af0"}, {"chunk_id": "00e98dca02a47504", "content": "Liquid mutual fund units -                      -                    2,615 -                        -                       2,615                                   2,615 Target maturity fund units -                      -                       431 -                        -                          431                                      431 Quoted debt securities 1,759 -                          -                            -                11,541                   13,300                                 13,514     (1) Commercial papers -                      -                          -                            -                  4,830                     4,830                                   4,830 Certificates of deposit -                      -                          -                            -                  3,043                     3,043                                   3,043 Quoted equity securities -                      -                          -                         113 -                          113                                      113 Unquoted equity and preference securities -                      -                          -                           93 -                            93                                        93 Unquoted investments others -                      -                       198", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 118, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5d55f218109ce590"}, {"chunk_id": "001bf64d7f0814bc", "content": "-                            93                                        93 Unquoted investments others -                      -                       198 -                        -                          198                                      198 Trade receivables 30,193 -                          -                            -                        -                     30,193                                 30,193 Unbilled revenue (Refer to note 2.17) (3) 9,600 -                          -                            -                        -                       9,600                                   9,600 Derivative financial instruments -                      -                         61 -                       23                          84                                        84 Prepayments and other assets (Refer to note 2.4) 5,788 -                          -                            -                        -                       5,788                                   5,704  (2) Total 62,126 -                    3,305                       206              19,437                   85,074                                 85,204 Liabilities: Trade payables 3,956 -                          -                            -                        -                       3,956                                   3,956 Lease liabilities (Refer to note 2.8) 8,359", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 118, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5d55f218109ce590"}, {"chunk_id": "06b5ccc23dc8e902", "content": "3,956 -                          -                            -                        -                       3,956                                   3,956 Lease liabilities (Refer to note 2.8) 8,359 -                          -                            -                        -                       8,359                                   8,359 Derivative financial instruments -                      -                         30 -                         1                          31                                        31 Financial liability under option arrangements (Refer to note 2.5) -                      -                       597 -                        -                          597                                      597 Other liabilities including contingent consideration (Refer to note 2.5) 15,750 -                          -                            -                        -                     15,750                                 15,750 Total 28,065 -                       627 -                         1                   28,693                                 28,693 (1)  On account of fair value changes including interest accrued (2)  Excludes interest accrued on quoted debt securities carried at amortized cost of ₹84 crore. (3)  Excludes unbilled revenue for contracts where the right to consideration is dependent on completion of contractual milestones", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 118, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5d55f218109ce590"}, {"chunk_id": "75b253e0c8e75c0b", "content": "(3)  Excludes unbilled revenue for contracts where the right to consideration is dependent on completion of contractual milestones For trade receivables, trade payables and other assets and payables maturing within one year from the balance sheet date, the carrying amounts approximate fair value due to the short maturity of these instruments. Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices). Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs). The fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as at March 31, 2025 is as follows: As at March 31, 2025 Particulars Fair value measurement at end of the reporting period using Level 1 Level 2 Level 3 Assets Investments (Refer to note 2.2) Investments in liquid mutual fund units Investments in target maturity fund units 1,957                1,957 -                                           - Investments in quoted debt securities Investments in certificates of deposit Investments in commercial papers 13,689              13,099                        590 - 465                   465 -                                           - 3,504 -                       3,504 - 3,641", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 118, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5d55f218109ce590"}, {"chunk_id": "0d702a0de5e637dd", "content": "Investments in commercial papers 13,689              13,099                        590 - 465                   465 -                                           - 3,504 -                       3,504 - 3,641 -                       3,641 - 57                     57 -                                           - Investments in quoted equity securities 194 -                             -                                        194 Investments in unquoted investments others 196 -                             -                                        196 Others Investments in unquoted equity and preference securities 192 -                          192 - Liabilities Derivative financial instruments - gain Derivative financial instruments - loss 63 -                            63 - Financial liability under option arrangements (Refer to note 2.5) (1) 667 -                             -                                        667 Liability towards contingent consideration (Refer to note 2.5) (2) 31 -                             -                                          31 (1) Discount rate ranges from 9% to 15% (2) Discount rate - 6%", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 118, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5d55f218109ce590"}, {"chunk_id": "09469c9016d94f45", "content": "During the year ended March 31, 2025, quoted debt securities of ₹297 crore were transferred from Level 2 to Level 1 of fair value hierarchy, since these were valued based on quoted price and quoted debt securities of ₹554 crore were transferred from Level 1 to Level 2 of fair value hierarchy, since these were valued based on market observable inputs. The fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as at March 31, 2024 was as follows: Fair value measurement at end of the reporting period using Level 1 Level 2 Level 3 Investments (Refer to note 2.2) Investments in liquid mutual fund units 2,615                2,615 -                                           - Investments in quoted debt securities Investments in target maturity fund units 13,514              13,184                        330 - 431                   431 -                                           - 113                   113 -                                           - Investments in certificates of deposit 3,043 -                       3,043 - Investments in commercial papers 4,830 -                       4,830 - Investments in unquoted investments others 198 - -                                      198 Others Investments in quoted equity securities Investments in unquoted equity and preference securities 93 - -                                        93 Derivative financial instruments- gain Derivative financial instruments- loss 84", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 120, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "87ae44f0e7c0556f"}, {"chunk_id": "00a09b75e0601e8b", "content": "Investments in unquoted equity and preference securities 93 - -                                        93 Derivative financial instruments- gain Derivative financial instruments- loss 84 -                            84 - 31 -                            31 - Financial liability under option arrangements (Refer to note 2.5) (1) 597 -                             -                                        597 (1)Discount rate ranges from 9% to 15% During the year ended March 31, 2024, quoted debt securities of ₹2,143 crore were transferred from Level 2 to Level 1 of fair value hierarchy, since these were valued based on quoted price and quoted debt securities of ₹73 crore were transferred from Level 1 to Level 2 of fair value hierarchy, since these were valued based on market observable inputs. A one percentage point change in the unobservable inputs used in fair valuation of Level 3 assets and liabilities does not have a significant impact in its value. Majority of investments of the Group are fair valued based on Level 1 or Level 2 inputs. These investments primarily include investment in liquid mutual fund units, target maturity fund units, quoted debt securities, certificates of deposit, commercial paper, quoted bonds issued by government and quasi-government organizations. The Group invests after considering", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 120, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "87ae44f0e7c0556f"}, {"chunk_id": "1da412af59b02166", "content": "units, quoted debt securities, certificates of deposit, commercial paper, quoted bonds issued by government and quasi-government organizations. The Group invests after considering counterparty risks based on multiple criteria including Tier I Capital, Capital Adequacy Ratio, Credit Rating, Profitability, NPA levels and Deposit base of banks and financial institutions. These risks are monitored regularly as per Group’s risk management program. Income from financial assets is as follows : Particulars Three months ended March 31, Year ended March 31, 2025 2024 2025 2024 Interest income from financial assets carried at amortized cost 416                   253                     1,523                                   1,060 Interest income on financial assets fair valued through other comprehensive income Gain / (loss) on investments carried at fair value through profit or loss 305                   318                     1,047                                   1,007 54                     88                        287                                      285 Gain / (loss) on investments carried at fair value through other comprehensive Income 775                   659                     2,859                                   2,352 -                        -                              2 - Financial risk management Financial risk factors", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 120, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "87ae44f0e7c0556f"}, {"chunk_id": "ba6daafb4d1ba0f2", "content": "775                   659                     2,859                                   2,352 -                        -                              2 - Financial risk management Financial risk factors The Group's activities expose it to a variety of financial risks: market risk, credit risk and liquidity risk. The Group's primary focus is to foresee the unpredictability of financial markets and seek to minimize potential adverse effects on its financial performance. The primary market risk to the Group is foreign exchange risk. The Group uses derivative financial instruments to mitigate foreign exchange related risk exposures. The Group's exposure to credit risk is influenced mainly by the individual characteristic of each customer and the concentration of risk from the top few customers. The Group operates internationally, and a major portion of the business is transacted in several currencies and consequently the Group is exposed to foreign exchange risk through its sales and services in the United States and elsewhere, and purchases from overseas suppliers in various foreign currencies. The Group holds derivative financial instruments such as foreign exchange forward and option contracts to mitigate the risk of changes in exchange rates on foreign currency exposures. The Group is also exposed to foreign exchange risk arising on intercompany transaction in foreign currencies.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 120, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "87ae44f0e7c0556f"}, {"chunk_id": "45ac3c0260ee23cb", "content": "The Group is also exposed to foreign exchange risk arising on intercompany transaction in foreign currencies. The exchange rate between the Indian rupee and foreign currencies has changed substantially in recent years and may fluctuate substantially in the future. Consequently, the results of the Group’s operations are adversely affected as the rupee appreciates/ depreciates against these currencies. The following table analyses foreign currency risk from financial assets and liabilities as at March 31, 2025: Particulars U.S. dollars Euro dollars Other currencies Total Net financial assets 26,821                11,791                    2,228                1,356                     3,090                                 45,286 Net financial liabilities (13,154)                (3,766)                  (1,026)                 (706)                   (2,161)                               (20,813) Total 13,667                  8,025                    1,202                   650                        929                                 24,473 The following table analyses foreign currency risk from financial assets and liabilities as at March 31, 2024: Particulars U.S. dollars Euro dollars Other currencies Total Net financial assets 26,126                  9,559                    2,153                1,479                     2,917                                 42,234 Net financial liabilities", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 120, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "87ae44f0e7c0556f"}, {"chunk_id": "8c5ebc5fcd93ebd4", "content": "Total Net financial assets 26,126                  9,559                    2,153                1,479                     2,917                                 42,234 Net financial liabilities (11,925)                (3,378)                     (710)                 (813)                   (2,218)                               (19,044) Total 14,201 6,181 1,443 666 699 23,190", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 120, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "87ae44f0e7c0556f"}, {"chunk_id": "a4ea9ca7cb929617", "content": "For the three months and year ended March 31, 2025 and March 31, 2024, every percentage point depreciation / appreciation in the exchange rate between the Indian rupee and the U.S. dollar has affected the Group's incremental operating margins by approximately 0.44%, 0.43%, 0.43%% and 0.43%, respectively. Sensitivity analysis is computed based on the changes in the income and expenses in foreign currency upon conversion into functional currency, due to exchange rate fluctuations between the previous reporting period and the current reporting period. Derivative financial instruments The Group primarily holds derivative financial instruments such as foreign exchange forward and option contracts to mitigate the risk of changes in exchange rates on foreign currency exposures. The counterparty for such contracts is generally a bank. These derivative financial instruments are valued based on quoted prices for similar assets and liabilities in active markets or inputs that are directly or indirectly observable in the marketplace. The details in respect of outstanding foreign currency forward and option contracts are as follows: As at As at As at As at March 31, 2024 In million In ₹ crore In million In ₹ crore Derivatives designated as cash flow hedges Forward contracts In Swiss Franc 53                   513 -                                           - In Euro", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 121, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7f27217d66d1a96d"}, {"chunk_id": "005a7fc381f25287", "content": "As at As at As at March 31, 2024 In million In ₹ crore In million In ₹ crore Derivatives designated as cash flow hedges Forward contracts In Swiss Franc 53                   513 -                                           - In Euro -                        -                            30                                      270 In Euro 341                3,140                        236                                   2,121 In Australian dollars 93                   500                        106                                      573 In United Kingdom Pound Sterling 17                   188                          35                                      368 In U.S. dollars 1,284              10,976                     1,423                                 11,866 In Euro 698                6,432                        574                                   5,163 In Singapore dollars 133                   849                        171                                   1,046 In United Kingdom Pound Sterling 53                   589                          86                                      902 In Swiss Franc 51                   495                          17                                      158 In Danish Krone 152                   188                        100                                      121 In New Zealand dollars 37                   181                          30                                      149 In Norwegian Krone", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 121, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7f27217d66d1a96d"}, {"chunk_id": "728ebcf2d6798f95", "content": "In New Zealand dollars 37                   181                          30                                      149 In Norwegian Krone 167                   136                        130                                      100 In Australian dollars 24                   126                          14                                        75 In Philippine Peso 500                     75 -                                           - In Czech Koruna 176                     64                        374                                      135 In Hungarian Forint 2,000                     44                     2,500                                        57 In Hongkong Dollars 40                     44 -                                           - In Canadian dollars -                        -                            15                                        92 In Chinese Yuan -                        -                            43                                        49 In South African rand -                        -                            85                                        37 In U.S. dollars 796                6,800                        543                                   4,527 In Euro 179                1,648                        100                                      897 In Australian dollars 11                     57                          20                                      111 Total forwards & options 33,045 28,817", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 121, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7f27217d66d1a96d"}, {"chunk_id": "385760ed47ae5171", "content": "In Australian dollars 11                     57                          20                                      111 Total forwards & options 33,045 28,817 The group recognized a net loss of ₹44 crore and a net loss of ₹99 crore during the three months and year ended March 31, 2025 and a net gain of ₹209 crore and a net gain of ₹186 crore during the three months and year ended March 31, 2024, respectively, on derivative financial instruments not designated as cash flow hedges which are included in other income. The foreign exchange forward and option contracts mature within twelve months. The table below analyses the derivative financial instruments into relevant maturity groupings based on the remaining period as at the balance sheet date: March 31, 2025 March 31, 2024 Not later than one month 15,506                                 10,877 Later than one month and not later than three months 16,641                                 15,963 Later than three months and not later than one year 898                                   1,977 Total 33,045                                 28,817 During the year ended March 31, 2025 and March 31, 2024, the Group has designated certain foreign exchange forward and option contracts as cash flow hedges to mitigate the risk of foreign exchange exposure on highly probable forecast cash transactions.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 121, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7f27217d66d1a96d"}, {"chunk_id": "5e07ebcfa520d309", "content": "foreign exchange exposure on highly probable forecast cash transactions. The related hedge transactions for balance in cash flow hedging reserve as of March 31, 2025, are expected to occur and reclassified to statement of comprehensive income within three months. The Group determines the existence of an economic relationship between the hedging instrument and hedged item based on the currency, amount and timing of its forecasted cash flows. Hedge effectiveness is determined at the inception of the hedge relationship, and through periodic prospective effectiveness assessments to ensure that an economic relationship exists between the hedged item and hedging instrument, including whether the hedging instrument is expected to offset changes in cash flows of hedged items.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 121, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7f27217d66d1a96d"}, {"chunk_id": "3b5a239bfe82f0f8", "content": "If the hedge ratio for risk management purposes is no longer optimal but the risk management objective remains unchanged and the hedge continues to qualify for hedge accounting, the hedge relationship will be rebalanced by adjusting either the volume of the hedging instrument or the volume of the hedged item so that the hedge ratio aligns with the ratio used for risk management purposes. Any hedge ineffectiveness is calculated and accounted for in profit or loss at the time of the hedge relationship rebalancing. The following table provides the reconciliation of cash flow hedge reserve for the three months and year ended March 31, 2025 and March 31, 2024: Particulars Three months ended March 31, Year ended March 31, 2025 2024 2025 2024 Gain / (Loss) Balance at the beginning of the period 38                     22                            6                                         (5) Gain / (loss) recognized in other comprehensive income during the period (66)                   (11)                           (5) 8 Amount reclassified to profit and loss during the period (8)                       4                         (27) 7 Tax impact on above 18                     (9) 8                                         (4) Balance at the end of the period (18)                       6                         (18) 6", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 122, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8592c4aeb9936798"}, {"chunk_id": "47b7caa3448541f5", "content": "7 Tax impact on above 18                     (9) 8                                         (4) Balance at the end of the period (18)                       6                         (18) 6 The Group offsets a financial asset and a financial liability when it currently has a legally enforceable right to set off the recognized amounts and the Group intends either to settle on a net basis, or to realize the asset and settle the liability simultaneously. The quantitative information about offsetting of derivative financial assets and derivative financial liabilities is as follows: March 31, 2025 March 31, 2024 Gross amount of recognized financial asset/liability 250 (121) 98 (45) Amount set off (58) 58 (14) 14 Net amount presented in balance sheet 192 (63) 84 (31) Credit risk refers to the risk of default on its obligation by the counterparty resulting in a financial loss. The maximum exposure to the credit risk at the reporting date is primarily from trade receivables amounting to ₹31,158 crore and ₹30,193 crore as at March 31, 2025 and March 31, 2024, respectively and unbilled revenue amounting to ₹15,083 crore and ₹14,548 crore as at March 31, 2025 and March 31, 2024, respectively. Trade receivables and unbilled revenue are typically unsecured and are derived from revenue earned from customers primarily located in the United States of America and Europe.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 122, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8592c4aeb9936798"}, {"chunk_id": "9f03c98ccff1f9ec", "content": "Trade receivables and unbilled revenue are typically unsecured and are derived from revenue earned from customers primarily located in the United States of America and Europe. Credit risk has always been managed by the Group through credit approvals, establishing credit limits and continuously monitoring the creditworthiness of customers to which the Group grants credit terms in the normal course of business. The Group uses the expected credit loss model to assess any required allowances; and uses a provision matrix to compute the expected credit loss allowance for trade receivables and unbilled revenues. This matrix takes into account credit reports and other related credit information to the extent available. The Group's exposure to credit risk is influenced mainly by the individual characteristic of each customer and the concentration of risk from the top few customers. Exposure to customers is diversified and there is no single customer contributing more than 10% of outstanding trade receivables and unbilled revenues. The following table gives details in respect of percentage of revenues generated from top five customers and top ten customers: Particulars Three months ended March 31, Year ended March 31, 2025 2024 2025 2024 Revenue from top five customers 13.1                  13.6                       13.2                                     13.3 Revenue from top ten customers", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 122, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8592c4aeb9936798"}, {"chunk_id": "097428cd9f60ff92", "content": "Year ended March 31, 2025 2024 2025 2024 Revenue from top five customers 13.1                  13.6                       13.2                                     13.3 Revenue from top ten customers 20.7                  20.4                       20.5                                     20.0 Trade receivables ageing schedule as at March 31, 2025 is as follows: Outstanding for following periods from due date of payment Trade receivables 23,696              7,510                     206                       272                     77                        115                                 31,876 Less: Allowance for credit loss (718) Total Trade receivables 31,158 6 months to 1 year 1-2 years 2-3 years Trade receivables ageing schedule as at March 31, 2024 is as follows: Outstanding for following periods from due date of payment 6 months to 1 year 1-2 years 2-3 years Trade receivables 22,575              7,418                     347                       446                       8                        115                                 30,909 Less: Allowance for credit loss (716) Total Trade receivables 30,193 The allowance of lifetime ECL on customer balances for the three months and year ended March 31, 2025 was ₹(57) crore and ₹108 crore, respectively. The allowance of lifetime expected credit loss on customer balances for the three months and year ended March 31, 2024 was ₹(104) crore and ₹90 crore, respectively.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 122, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8592c4aeb9936798"}, {"chunk_id": "f5f68cf05d10c5a6", "content": "The allowance of lifetime expected credit loss on customer balances for the three months and year ended March 31, 2024 was ₹(104) crore and ₹90 crore, respectively. The movement in credit loss allowance on customer balance is as follows: Particulars Three months ended March 31, Year ended March 31, 2025 2024 2025 2024 Balance at the beginning 1,036                1,049                        953                                      961 Impairment loss recognized / (reversed), net (57)                 (104)                        108 90 Amounts written off (29) - (91) (98) Translation differences 23                       8                            3 - Balance at the end 973 953                        973 953 The gross carrying amount of a financial asset is written off (either partially or in full) when there is no realistic prospect of recovery. The Group’s credit period generally ranges from 30-75 days. March 31, 2025 March 31, 2024 Trade receivables 31,158                                 30,193 Unbilled revenue 15,083                                 14,548 Days sales outstanding (DSO) was 69 days and 71 days as of March 31, 2025 and March 31, 2024, respectively.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 122, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8592c4aeb9936798"}, {"chunk_id": "10c3f2ed869ad976", "content": "Credit risk on cash and cash equivalents is limited as the Group generally invest in deposits with banks with high ratings assigned by international and domestic credit rating agencies. Ratings are monitored periodically and the Group has considered the latest available credit ratings as at the date of approval of these Consolidated financial statements. The investments of the Group primarily include investment in liquid mutual fund units, quoted debt securities, certificates of deposit, commercial paper, quoted bonds issued by government and quasi government organizations. The Group invests after considering counterparty risks based on multiple criteria including Tier I Capital, Capital Adequacy Ratio, credit rating, profitability, NPA levels and deposit base of banks and financial institutions. These risks are monitored regularly as per Group’s risk management program. Liquidity risk is defined as the risk that the Group will not be able to settle or meet its obligations on time. The Group's principal sources of liquidity are cash and cash equivalents and investments and the cash flow that is generated from operations. The Group has no outstanding borrowings. The Group believes that the working capital is sufficient to meet its current requirements.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 124, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ae1c6209f604e9cb"}, {"chunk_id": "223ffe2b89d1b00d", "content": "The Group has no outstanding borrowings. The Group believes that the working capital is sufficient to meet its current requirements. As at March 31, 2025, the Group had a working capital of ₹54,249 crore including cash and cash equivalents of ₹24,455 crore and current investments of ₹12,482 crore. As at March 31, 2024, the Group had a working capital of ₹50,638 crore including cash and cash equivalents of ₹14,786 crore and current investments of ₹12,915 crore. As at March 31, 2025 and March 31, 2024, the outstanding employee benefit obligations were ₹3,007 crore and ₹2,711 crore, respectively, which have been substantially funded. Accordingly, no liquidity risk is perceived. Refer to Note 2.8 for remaining contractual maturities of lease liabilities. The table below provides details regarding the contractual maturities of significant financial liabilities as at March 31, 2025: Particulars Less than 1 year 1-2 years 2-4 years 4-7 years Total Trade payables 4,164 -                        -                             - 4,164 Financial liability under option arrangements on an undiscounted basis (Refer to Note 2.5) 612 -                     149 - 761 Other financial liabilities (excluding liability towards contingent consideration ) on an undiscounted basis (Refer to Note 2.5) 14,606                    1,750                   145                          12 16,513", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 124, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ae1c6209f604e9cb"}, {"chunk_id": "be01085dfe77db85", "content": "undiscounted basis (Refer to Note 2.5) 14,606                    1,750                   145                          12 16,513 Liability towards contingent consideration on an undiscounted basis (Refer to Note 2.5) 12                         21 -                             - 33 The table below provides details regarding the contractual maturities of significant financial liabilities as at March 31, 2024: Particulars Less than 1 Trade payables 3,956 -                        -                             - 3,956 year 1-2 years 2-4 years 4-7 years Total Financial liability under option arrangements on an undiscounted basis (Refer to Note 2.5) 554 -                        -                          136 690 Other financial liabilities (excluding liability towards contingent consideration) (Refer to Note 2.5) 13,820                    1,321                   570                          67 15,778 2.4 Prepayments and other assets Prepayments and other assets consist of the following: March 31, 2025 March 31, 2024 Security deposits(1) 65                                  75 Loans to employees(1) 249                                248 Prepaid expenses(2) 3,080                             3,329 Interest accrued and not due(1) 842                                537 Withholding taxes and others(2)(4) 2,841                             3,540 Advance payments to vendors for supply of goods(2) 413                                356 Deposit with corporations(1)(3) 2,949                             2,535", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 124, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ae1c6209f604e9cb"}, {"chunk_id": "3fb7d5063cf3c073", "content": "2,841                             3,540 Advance payments to vendors for supply of goods(2) 413                                356 Deposit with corporations(1)(3) 2,949                             2,535 Deferred contract cost Cost of obtaining a contract (2) 343                                200 Cost of fulfillment (2) 504                                358 Other non financial assets (2) 91                                180 Net investment in lease(1) (Refer to note 2.8) 1,139                                710 Other financial assets(1) 470                                221 Total current prepayment and other assets 12,986                           12,289 Security deposits(1) 273                                259 Loans to employees(1) 16                                  34 Prepaid expenses(2) 282                                343 Withholding taxes and others(2)(4) 534                                673 Deposit with corporations(1)(3) 82                                  47 Deferred contract cost Cost of obtaining a contract (2) 312                                129 Cost of fulfillment (2) 879                                687 Defined benefit plan assets(2) Net investment in lease(1) (Refer to note 2.8) 1,106                             1,114 297                                  31 Other financial assets(1) 19                                    8 Total non- current prepayment and other assets 3,800                             3,325 Total prepayment and other assets", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 124, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ae1c6209f604e9cb"}, {"chunk_id": "0212ff62fc469eab", "content": "Other financial assets(1) 19                                    8 Total non- current prepayment and other assets 3,800                             3,325 Total prepayment and other assets 16,786                           15,614 (1) Financial assets carried at amortized cost 7,210                             5,788 (2) Non financial assets (3) Deposit with corporation represents amounts deposited to settle certain employee-related obligations as and when they arise during the normal course of business. (4) Withholding taxes and others primarily consist of input tax credits and VAT recoverable from tax authorities. Other liabilities comprise the following: 2.5 Other liabilities March 31, 2025 March 31, 2024 Current Accrued compensation to employees(1) 4,924                            4,454 Accrued defined benefit liability (3) 6                                  5 Accrued expenses(1) 8,467                            8,224 Withholding taxes and others(3) 3,256                            3,185 Liabilities of controlled trusts(1) 173                               211 Liability towards contingent consideration(2) 11 - Capital Creditors(1) 520                               310", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 124, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ae1c6209f604e9cb"}, {"chunk_id": "0adbd206e36fb638", "content": "Financial liability under option arrangements(2)(4) 552                               499 Other non-financial liabilities (3) 11                                  8 Other financial liabilities(1)(5) 520                               608 Total current other liabilities 18,440 17,504 Accrued expenses(1) 1,890                            1,779 Accrued defined benefit liability (3) 115                               159 Accrued compensation to employees(1) 12                                  7 Liability towards contingent consideration(2) 20 - Financial liability under option arrangements(2)(4) 115                                98 Other financial liabilities(1)(5) 5                               157 Other non-financial liabilities(3) 100                                76 Total non-current other liabilities 2,257                            2,276 Total other liabilities 20,697 19,780 (1) Financial liability carried at amortized cost 16,511                          15,750 (2) Financial liability carried at fair value through profit or loss 698                               597 Financial liability under option arrangements on an undiscounted basis 761                               690 (3)Non financial liabilities Financial liability towards contingent consideration on an undiscounted basis 33 - (4) Represents liability related to options issued by the Group over the non-controlling interests in its subsidiaries", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 126, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2eafda6ebe716b4b"}, {"chunk_id": "e8b3df764e517d24", "content": "Financial liability towards contingent consideration on an undiscounted basis 33 - (4) Represents liability related to options issued by the Group over the non-controlling interests in its subsidiaries (5) The Group entered into financing arrangements with a third party towards technology assets taken over by the Group from a customer as a part of transformation project which was not considered as distinct goods or services as the control related to those assets was not transferred to the Group in accordance with Ind AS 115 - Revenue from contract with customers. As at March 31, 2025 and March 31, 2024, the financial liability pertaining to such arrangements amounts to ₹67 crore and ₹372 crore, respectively. Accrued expenses primarily relates to cost of technical sub-contractors, telecommunication charges, legal and professional charges, brand building expenses, overseas travel expenses and office maintenance and cost of third party software and hardware. 2.6 Provisions and other contingencies A provision is recognized if, as a result of a past event, the Group has a present legal or constructive obligation that is reasonably estimable, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by discounting the expected", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 126, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2eafda6ebe716b4b"}, {"chunk_id": "e1f8688a2e5a29bd", "content": "is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The Group recognizes a reimbursement asset when, and only when, it is virtually certain that the reimbursement will be received if the Group settles the obligation. Contingent liability is a possible obligation arising from past events and whose existence will be confirmed only by the occurrence or non- occurrence of one or more uncertain future events not wholly within the control of the entity or a present obligation that arises from past events but is not recognized because it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation or the amount of the obligation cannot be measured with sufficient reliability. a. Post sales client support The Group provides its clients with a fixed-period post sales support on its fixed-price, fixed-timeframe contracts. Costs associated with such support services are accrued at the time related revenues are recorded and included in cost of sales. The Group estimates such costs based on historical experience and estimates are reviewed on a periodic basis for any material changes in assumptions and likelihood of occurrence.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 126, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2eafda6ebe716b4b"}, {"chunk_id": "00093947fae414b3", "content": "The Group estimates such costs based on historical experience and estimates are reviewed on a periodic basis for any material changes in assumptions and likelihood of occurrence. Provisions for onerous contracts are recognized when the expected benefits to be derived by the Group from a contract are lower than the unavoidable costs of meeting the future obligations under the contract. Provisions for estimated losses, if any, on incomplete contracts are recorded in the period in which such losses become probable based on the estimated efforts or costs to complete the contract. The provision is measured at the present value of the lower of the expected cost of terminating the contract and the expected net cost of continuing with the contract. Before a provision is established the Group recognizes any impairment loss on the assets associated with that contract. Provision for post sales client support and other provisions March 31, 2025 March 31, 2024 Post sales client support and other provision 1,325                            1,796 Provisions pertaining to settlement (refer to note 2.6.2) 150                                — Total provisions 1,475                            1,796 The movement in the provision for post sales client support is as follows: Particulars Three months ended Balance at the beginning 1,492                            1,796 Provision recognized / (reversed) (90)                               166 Provision utilized", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 126, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2eafda6ebe716b4b"}, {"chunk_id": "c62efb9fc6a73f1b", "content": "Particulars Three months ended Balance at the beginning 1,492                            1,796 Provision recognized / (reversed) (90)                               166 Provision utilized (92)                             (676) Exchange difference 15                                39 Balance at the end 1,325 1,325 Provision for post sales client support and other provisions majorly represents cost associated with providing post sales support services which are accrued at the time of recognition of revenues and are expected to be utilized over a period of 1 year. Provision for post sales client support and other provisions is included in cost of sales in the consolidated statement of comprehensive income. As at March 31, 2025 and March 31, 2024 claims against the Group, not acknowledged as debts, (excluding demands from income tax authorities - Refer to note 2.12) amounted to ₹1,020 crore and ₹789 crore respectively. 2.6.2 Legal Proceedings McCamish Cybersecurity incident", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 126, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2eafda6ebe716b4b"}, {"chunk_id": "94d40d6b519d098c", "content": "In November 2023, certain systems of Infosys McCamish Systems LLC (“McCamish”), a subsidiary of Infosys BPM Limited (a wholly owned subsidiary of Infosys Limited), were encrypted by ransomware, resulting in the non-availability of certain applications and systems. McCamish initiated its incident response and engaged cybersecurity and other specialists to assist in its investigation of and response to the incident and remediation and restoration of impacted applications and systems. By December 31, 2023, McCamish, with external specialists’ assistance, substantially remediated and restored the affected applications and systems. Actions taken by McCamish included investigative analysis conducted by a third-party cybersecurity firm to determine, among other things, whether and the extent to which Company or customer data was subject to unauthorized access or exfiltration. McCamish also engaged a third-party eDiscovery vendor in assessing the extent and nature of such data. McCamish in coordination with its third-party eDiscovery vendor has identified corporate customers and individuals whose information was subject to unauthorized access and exfiltration. McCamish processes personal data on behalf of its corporate customers. From March 6, 2024 through July 25, 2024, six actions were filed in the U.S. District Court for the Northern District of Georgia against McCamish.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 127, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "83c7c76f0dd85a58"}, {"chunk_id": "d4b2af77afa3636f", "content": "From March 6, 2024 through July 25, 2024, six actions were filed in the U.S. District Court for the Northern District of Georgia against McCamish. The actions arise out of the cybersecurity incident at McCamish initially disclosed on November 3, 2023. All six actions have since been consolidated, and the consolidated class action complaint was filed on November 7, 2024, purportedly on behalf of all persons residing in the United States whose personally identifiable information was compromised in the incident, including all who were sent a notice of the incident. On December 20, 2024, the Court granted the parties’ joint motion to stay proceedings pending the parties’ efforts to resolve the lawsuit through mediation. On March 13, 2025, McCamish and the plaintiffs engaged in mediation, resulting in an in-principle agreement that sets forth the terms of a proposed settlement of the class action lawsuits against McCamish, as well as seven class action lawsuits arising out of the incident that have been filed against McCamish’s customers. Under the settlement terms, McCamish has agreed to pay $17.5 million (approximately ₹150 crore) into a fund to settle these matters. The agreed terms are subject to finalization of the terms of the settlement agreement, and preliminary and final court approval. If approved, the settlement will resolve all allegations made in the class action lawsuits without admission of any liability.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 127, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "83c7c76f0dd85a58"}, {"chunk_id": "60fc130a19dde847", "content": "approval. If approved, the settlement will resolve all allegations made in the class action lawsuits without admission of any liability. McCamish has recorded an accrual of $17.5 million (approximately ₹150 crore) related to the settlement. McCamish has recognized an insurance reimbursement receivable of $17 million (approximately ₹145 crore) which has been offset against the settlement expense of $17.5 million (approximately ₹150 crore) in the Statement of Comprehensive Income. McCamish may incur additional costs including from indemnities or damages/claims, which are indeterminable at this time. Apart from legal proceedings and claims arising from the McCamish cybersecurity incident, the Group is subject to legal proceedings and claims which have arisen in the ordinary course of business. The Group’s management reasonably expects that such ordinary course legal actions, when ultimately concluded and determined, will not have a material and adverse effect on the Group’s results of operations or financial condition. 2.7 Property, plant and equipment Property, plant and equipment are stated at cost, less accumulated depreciation and impairment, if any. Costs directly attributable to acquisition are capitalized until the property, plant and equipment are ready for use, as intended by the Management. The charge in respect of periodic depreciation is derived at after", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 127, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "83c7c76f0dd85a58"}, {"chunk_id": "fc477115741aebf6", "content": "until the property, plant and equipment are ready for use, as intended by the Management. The charge in respect of periodic depreciation is derived at after determining an estimate of an asset’s expected useful life and the expected residual value at the end of its life. The Group depreciates property, plant and equipment over their estimated useful lives using the straight-line method. The estimated useful lives of assets are as follows: Plant and machinery(1) 5 years Computer equipment 3-5 years Furniture and fixtures 5 years Vehicles 5 years Leasehold improvements Lower of useful life of the asset or lease term (1)  Includes solar plant with a useful life of 25 years Depreciation methods, useful lives and residual values are reviewed periodically, including at each financial year end. The useful lives are based on historical experience with similar assets as well as anticipation of future events, which may impact their life, such as changes in technology. Advances paid towards the acquisition of property, plant and equipment outstanding at each balance sheet date and the cost of assets not ready to use before such date are disclosed under ‘Capital work-in-progress’. Subsequent expenditures relating to property, plant and equipment is capitalized only when it is probable that future economic benefits associated with these will flow to the Group and the cost of the item can be measured reliably. The cost and related", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 127, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "83c7c76f0dd85a58"}, {"chunk_id": "c6fd9970fe677c58", "content": "probable that future economic benefits associated with these will flow to the Group and the cost of the item can be measured reliably. The cost and related accumulated depreciation are eliminated from the financial statements upon sale or retirement of the asset. Property, plant and equipment are evaluated for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value less cost to sell and the value-in-use) is determined on an individual asset basis unless the asset does not generate cash flows that are largely independent of those from other assets. In such cases, the recoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs. If such assets are considered to be impaired, the impairment to be recognized in net profit in the interim consolidated statement of comprehensive income is measured by the amount by which the carrying value of the assets exceeds the estimated recoverable amount of the asset. An impairment loss is reversed in net profit in the consolidated statement of comprehensive income if there has been a change in the estimates used to determine the recoverable amount. The", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 127, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "83c7c76f0dd85a58"}, {"chunk_id": "c15afa5f63c9361e", "content": "An impairment loss is reversed in net profit in the consolidated statement of comprehensive income if there has been a change in the estimates used to determine the recoverable amount. The carrying amount of the asset is increased to its revised recoverable amount, provided that this amount does not exceed the carrying amount that would have been determined (net of any accumulated depreciation) had no impairment loss been recognized for the asset in prior years. The changes in the carrying value of property, plant and equipment for the three months ended March 31, 2025 are as follows: Particulars Land Buildings Plant and machinery Furniture and fixtures Vehicles Total Gross carrying value as at January 1, 2025 1,430         11,716               5,458            8,734             3,433            48       30,819", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 127, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "83c7c76f0dd85a58"}, {"chunk_id": "864d5d1a5641dfd9", "content": "47                  5                    55               697                  39 -              843 Deletions** -                 (6)                   (77)             (140)              (180) -           (403) Translation difference -                    6                      2                 15                    8 -                31 Gross carrying value as at March 31, 2025 1,477         11,721               5,438            9,306             3,300            48       31,290 Accumulated depreciation as at January 1, 2025 -          (5,247)              (4,390)          (6,846)           (2,804)          (43)     (19,330) Depreciation -             (109)                   (86)             (292)                (62) -            (549) Accumulated depreciation on deletions** -                    1                    76               133                177 -              387 Translation difference -                 (3)                     (2)                 (8)                  (7) -             (20) Accumulated depreciation as at March 31, 2025 -          (5,358)              (4,402)          (7,013)           (2,696)          (43)     (19,512) Capital work-in progress as at January 1, 2025 858 Carrying value as at January 1, 2025 1,430           6,469               1,068            1,888                629              5       12,347 Capital work-in progress as at March 31, 2025 1,022 Carrying value as at  March 31, 2025", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 128, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e5611ba72c252a97"}, {"chunk_id": "f601aeafd97cb613", "content": "1,430           6,469               1,068            1,888                629              5       12,347 Capital work-in progress as at March 31, 2025 1,022 Carrying value as at  March 31, 2025 1,477           6,363               1,036            2,293                604              5       12,800 The changes in the carrying value of property, plant and equipment for the three months ended March 31, 2024 are as follows: Particulars Land Buildings Plant and machinery Furniture and fixtures Vehicles Total Gross carrying value as at January 1, 2024 1,430         11,498               5,203            8,497             3,378            45       30,051 Additions -                287                  183               345                  79 -              894 Deletions* -                   -                     (42)             (224)                (59) -            (325) Translation difference -               (15)                     (3)                 (7)                  (8) -              (33) Gross carrying value as at March 31, 2024 1,430 11,770 5,341 8,611 3,390 45 30,587 Accumulated depreciation as at January 1, 2024 -          (4,814)              (4,115)          (6,267)           (2,660)          (42)     (17,898) Depreciation -             (111)                 (109)             (336)                (90) -            (646) Accumulated depreciation on deletions* -                   -                      39               219                  51 -              309", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 128, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e5611ba72c252a97"}, {"chunk_id": "1e9e37c9d8c44e5b", "content": "-            (646) Accumulated depreciation on deletions* -                   -                      39               219                  51 -              309 Translation difference -                    4                      3                   4                    7 -                18 Accumulated depreciation as at March 31, 2024 -          (4,921)              (4,182)          (6,380)           (2,692)          (42)     (18,217) Capital work-in progress as at January 1, 2024 717 Carrying value as at January 1, 2024 1,430 6,684 1,088 2,230 718 3 12,870 Capital work-in progress as at March 31, 2024 448 Carrying value as at March 31, 2024 1,430 6,849 1,159 2,231 698 3 12,818 The changes in the carrying value of property, plant and equipment for the  year ended March 31, 2025 are as follows: Particulars Land Buildings Plant and machinery Furniture and fixtures Vehicles Total Gross carrying value as at April 1, 2024 1,430         11,770               5,341            8,611             3,390            45 30,587 Additions 47                43                  250            1,317                184              2         1,843 Additions - Business Combination (Refer to Note 2.10) -                    1                    11                   6                  23              2              43 -             (113)                 (167)             (633)              (307)            (1)       (1,221) Translation difference", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 128, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e5611ba72c252a97"}, {"chunk_id": "38e1a15ca510ec27", "content": "-             (113)                 (167)             (633)              (307)            (1)       (1,221) Translation difference -                  20                      3                   5                  10 -                38 Gross carrying value as at March 31, 2025 1,477         11,721               5,438            9,306             3,300            48       31,290 Accumulated depreciation as at April 1, 2024 -          (4,921)              (4,182)          (6,380)           (2,692)          (42)     (18,217) Depreciation -             (444)                 (372)          (1,249)              (293)            (2)       (2,360) Accumulated depreciation on deletions** -                  13                  155               616                297              1         1,082 Translation difference -                 (6)                     (3) -                   (8) -             (17) Accumulated depreciation as at March 31, 2025 -          (5,358)              (4,402)          (7,013)           (2,696)          (43)     (19,512) Capital work-in progress as at April 1, 2024 448 Carrying value as at April 1, 2024 1,430 6,849 1,159 2,231 698 3 12,818 Capital work-in progress as at March 31, 2025 1,022 Carrying value as at  March 31, 2025 1,477 6,363 1,036 2,293 604 5 12,800 ** During the three months and year ended March 31, 2025, certain assets which were not in use having gross book value of ₹113 crore (net book value: Nil)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 128, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e5611ba72c252a97"}, {"chunk_id": "adebaa982227d383", "content": "1,477 6,363 1,036 2,293 604 5 12,800 ** During the three months and year ended March 31, 2025, certain assets which were not in use having gross book value of ₹113 crore (net book value: Nil) and ₹513 crore (net book value: Nil), respectively were retired. The changes in the carrying value of property, plant and equipment for the  year ended March 31, 2024 are as follows: Particulars Land Buildings Plant and machinery Furniture and fixtures Vehicles Total Gross carrying value as at April 1, 2023 1,429         11,562               5,169            8,519             3,365            45 30,089 Additions 1              300                  331               931                197              1         1,761 -               (55)                 (155)             (846)              (170)            (1)       (1,227) Translation difference -               (37)                     (4)                   7                  (2) -             (36) Gross carrying value as at March 31, 2024 1,430         11,770               5,341            8,611             3,390            45       30,587 Accumulated depreciation as at April 1, 2023 -          (4,535)              (3,877)          (5,826)           (2,465)          (40)     (16,743) Depreciation -             (450)                 (458)          (1,387)              (387)            (3)       (2,685)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 128, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e5611ba72c252a97"}, {"chunk_id": "45083e567d7a59e6", "content": "Accumulated depreciation on deletions* -                  55                  151               836                158              1         1,201 Translation difference -                    9                      2                 (3)                    2 -                10 Accumulated depreciation as at March 31, 2024 -          (4,921)              (4,182)          (6,380)           (2,692)          (42)     (18,217) Capital work-in progress as at April 1, 2023 447 Carrying value as at April 1, 2023 1,429 7,027 1,292 2,693 900 5 13,793 Capital work-in progress as at March 31, 2024 448 Carrying value as at March 31, 2024 1,430 6,849 1,159 2,231 698 3 12,818 * During the three months and year ended March 31, 2024, certain assets which were not in use having gross book value of ₹181 crore (net book value: Nil) and ₹775 crore (net book value: Nil), respectively were retired. The aggregate depreciation expense is included in cost of sales in the interim consolidated statement of comprehensive income. Repairs and maintenance costs are recognized in the consolidated statement of comprehensive income when incurred. Consequent to the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021 (“the Rules”), the Company was required to transfer its CSR capital assets installed prior to January 2021. Towards this the Company had incorporated a subsidiary ‘Infosys Green Forum’ (IGF) under Section 8 of the Companies Act, 2013.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 129, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "720d703c7e2c9536"}, {"chunk_id": "b633dccd2f919c05", "content": "capital assets installed prior to January 2021. Towards this the Company had incorporated a subsidiary ‘Infosys Green Forum’ (IGF) under Section 8 of the Companies Act, 2013. During the year ended March 31, 2022 the Company had completed the transfer of assets upon obtaining the required approvals from regulatory authorities, as applicable. During March 31, 2024, the application filed by IGF for registration u/s.12AB of the Income Tax Act was rejected and registration cancelled. IGF has filed an appeal against this order before Income Tax Appellate Tribunal. The Group had contractual commitments for capital expenditure primarily comprising of commitments for infrastructure facilities and computer equipment aggregating to ₹935 crore and ₹780 crore as at March 31, 2025 and March 31, 2024, respectively. The Group as a lessee The Group’s lease asset classes primarily consist of leases for land, buildings and computers. The Group assesses whether a contract contains a lease, at inception of a contract. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, the Group assesses whether: (1) the contract involves the use of an identified asset (2) the Group has substantially all of the economic benefits from use of", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 129, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "720d703c7e2c9536"}, {"chunk_id": "4d9c284ca2e3b3f5", "content": "assesses whether: (1) the contract involves the use of an identified asset (2) the Group has substantially all of the economic benefits from use of the asset through the period of the lease and (3) the Group has the right to direct the use of the asset. At the date of commencement of the lease, the Group recognizes a right-of-use asset (“ROU”) and a corresponding lease liability for all lease arrangements in which it is a lessee, except for leases with a term of twelve months or less (short-term leases) and low value leases. For these short-term and low value leases, the Group recognizes the lease payments as an operating expense on a straight-line basis over the term of the lease. As a lessee, the Group determines the lease term as the non-cancellable period of a lease adjusted with any option to extend or terminate the lease, if the use of such option is reasonably certain. The Group makes an assessment on the expected lease term on a lease-by-lease basis and thereby assesses whether it is reasonably certain that any options to extend or terminate the contract will be exercised. In evaluating the lease term, the Group considers factors such as any significant leasehold improvements undertaken over the lease term, costs relating to the termination of the lease and the importance of the underlying asset to Group’s operations taking into account the location of the underlying", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 129, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "720d703c7e2c9536"}, {"chunk_id": "b6c2577491696f42", "content": "termination of the lease and the importance of the underlying asset to Group’s operations taking into account the location of the underlying asset and the availability of suitable alternatives. The lease term in future periods is reassessed to ensure that the lease term reflects the current economic circumstances. Certain lease arrangements include the options to extend or terminate the lease before the end of the lease term. ROU assets and lease liabilities includes these options when it is reasonably certain that they will be exercised. The right-of-use assets are initially recognized at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or prior to the commencement date of the lease plus any initial direct costs less any lease incentives. They are subsequently measured at cost less accumulated depreciation and impairment losses. Right-of-use assets are depreciated from the commencement date on a straight-line basis over the shorter of the lease term and useful life of the underlying asset. Right-of-use assets are evaluated for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value less cost to sell and the value-in-", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 129, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "720d703c7e2c9536"}, {"chunk_id": "03279558bc12d5fe", "content": "be recoverable. For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value less cost to sell and the value-in- use) is determined on an individual asset basis unless the asset does not generate cash flows that are largely independent of those from other assets. In such cases, the recoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs. The lease liability is initially measured at amortized cost at the present value of the future lease payments. The lease payments are discounted using the interest rate implicit in the lease or, if not readily determinable, using the incremental borrowing rates in the country of domicile of these leases. Lease liabilities are remeasured with a corresponding adjustment to the related right-of-use asset if the group changes its assessment of whether it will exercise an extension or a termination option. Lease liability and ROU asset have been separately presented in the Balance Sheet and lease payments have been classified as financing cash flows. The Group as a lessor Leases for which the group is a lessor is classified as a finance or operating lease. Whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee, the contract is classified as a finance lease. All other leases are classified as operating leases.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 129, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "720d703c7e2c9536"}, {"chunk_id": "3b1ca3ca96200ba8", "content": "risks and rewards of ownership to the lessee, the contract is classified as a finance lease. All other leases are classified as operating leases. When the Group is an intermediate lessor, it accounts for its interests in the head lease and the sublease separately. The sublease is classified as a finance or operating lease by reference to the right-of-use asset arising from the head lease. For operating leases, rental income is recognized on a straight line basis over the term of the relevant lease. Following are the changes in the carrying value of right-of-use assets for the three months ended March 31, 2025:", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 129, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "720d703c7e2c9536"}, {"chunk_id": "53fc3376c92afdab", "content": "Land Buildings Vehicles Computers Balance as of January 1, 2025 601                3,339                24                   2,381                   6,345 Additions* -                     284                  2                      370                      656 Deletions -                    (104) -                       (192)                     (296) Depreciation (1)                  (180)                (3)                     (223)                     (407) Translation difference -                         9                  1                          3                        13 Balance as of March 31, 2025 600                3,348                24                   2,339                   6,311 * Net of adjustments on account of modifications Total Category of ROU asset Following are the changes in the carrying value of right-of-use assets for the three months ended March 31, 2024: Category of ROU asset Total Land Buildings Vehicles Computers Balance as of January 1, 2024 607                3,527                18                   2,740                   6,892 Additions* -                       61                  2                      376                      439 Deletions -                      (92) -                       (215)                     (307) Depreciation (2)                  (185)                (2)                     (234)                     (423) Translation difference", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 131, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8c6d4c0ba39b30f2"}, {"chunk_id": "5bb9584a621e29e8", "content": "-                       (215)                     (307) Depreciation (2)                  (185)                (2)                     (234)                     (423) Translation difference -                      (13)                (1)                       (35)                       (49) Balance as of March 31, 2024 605                3,298                17                   2,632                   6,552 * Net of adjustments on account of modifications Following are the changes in the carrying value of right-of-use assets for the year ended March 31, 2025: Category of ROU asset Total Land Buildings Vehicles Computers Balance as of April 1, 2024 605                3,298                17                   2,632                   6,552 Additions* -                     816                13                   1,306                   2,135 Addition due to Business Combination (Refer to note 2.10) -                     155                  5 -                        160 Deletions -                    (236)                (6)                     (652)                     (894) Depreciation (6)                  (714)              (11)                     (965)                  (1,696) Translation difference 1                     29                  6                        18                        54 Balance as of March 31, 2025 600                3,348                24                   2,339                   6,311", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 131, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8c6d4c0ba39b30f2"}, {"chunk_id": "71c872cef8208214", "content": "Balance as of March 31, 2025 600                3,348                24                   2,339                   6,311 * Net of adjustments on account of modifications Following are the changes in the carrying value of right-of-use assets for the year ended March 31, 2024: Category of ROU asset Total Land Buildings Vehicles Computers Balance as of April 1, 2023 623                3,896                15                   2,348                   6,882 Additions* -                     394                12                   1,872                   2,278 Deletions (10)                  (181)                (1)                     (755)                     (947) Impairment -                      (88) -                           -                         (88) Depreciation (6)                  (728)              (10)                     (851)                  (1,595) Translation difference (2) 5                  1                        18                        22 Balance as of March 31,2024 605                3,298                17                   2,632                   6,552 * Net of adjustments on account of modifications and lease incentives The aggregate depreciation expense on ROU assets is included in cost of sales in the consolidated statement of comprehensive income The following is the break-up of current and non-current lease liabilities as of March 31, 2025 and March 31, 2024: (In ₹ crore) Particulars March 31, 2025 March 31, 2024", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 131, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8c6d4c0ba39b30f2"}, {"chunk_id": "3a8d4b94934f5cc1", "content": "The following is the break-up of current and non-current lease liabilities as of March 31, 2025 and March 31, 2024: (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Current lease liabilities 2,455                   1,959 Non-current lease liabilities 5,772                   6,400 Total 8,227                   8,359 The movement in lease liabilities during the three months and year ended March 31, 2025 and March 31, 2024 is as follows: March 31, Year ended March 31, 2025 2024 2025 2024 Balance as at Beginning 8,221           8,744                   8,359                   8,299 Additions 624              521                   2,156                   2,190 Addition due to Business Combination (Refer to note 2.10) -                   -                        160                         - Deletions (190)            (332)                     (553)                     (444) Finance cost accrued during the period 89                79                      341                      326 Payment of lease liabilities (580)            (575)                  (2,355)                  (2,030) Translation difference 63              (78)                      119                        18 Balance as at end 8,227 8,359 8,227 8,359 The table below provides details regarding the contractual maturities of lease liabilities as at March 31, 2025 and March 31, 2024 on an undiscounted basis: March 31, 2025 March 31, 2024 Less than one year 2,483                   2,152 One to five years", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 131, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8c6d4c0ba39b30f2"}, {"chunk_id": "62fafcfdc88d2e39", "content": "undiscounted basis: March 31, 2025 March 31, 2024 Less than one year 2,483                   2,152 One to five years 5,195                   6,123 More than five years 1,296                      994 Total 8,974 9,269 The group does not face a significant liquidity risk with regard to its lease liabilities as the current assets are sufficient to meet the obligations related to lease liabilities as and when they fall due. Rental expense recorded for short-term leases was ₹24 crore and ₹85 crore for the three months and year ended March 31, 2025 respectively. Rental expense recorded for short-term leases was ₹27 crore and ₹97 crore for the three months and year ended March 31, 2024 respectively. Leases not yet commenced to which Group is committed is ₹176 crore for a lease term ranging from 3 years to 5 years. The following is the movement in the net investment in lease during the three months and year ended March 31, 2025 and March 31, 2024: March 31, Year ended March 31,", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 131, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8c6d4c0ba39b30f2"}, {"chunk_id": "15e4fe12b41d736a", "content": "2025 2024 2025 2024 Balance as at beginning 2,173 1,614 1,824 922 Additions 262 178 1,013 1,281 Interest income accrued during the period 11 7 37 24 Others (22) 2 (25) (2) Lease receipts (217) (13) (676) (400) Translation difference 38 36 72 (1) Balance as at the end 2,245 1,824 2,245 1,824 2.9 Goodwill and Intangible assets Goodwill represents the purchase consideration in excess of the Group's interest in the net fair value of identifiable assets, liabilities and contingent liabilities of the acquired entity. When the net fair value of the identifiable assets, liabilities and contingent liabilities acquired exceeds the purchase consideration, the fair value of net assets acquired is reassessed and the bargain purchase gain is recognized immediately in the net profit in the Statement of Comprehensive Income. Goodwill is measured at cost less accumulated impairment losses. Goodwill is tested for impairment on an annual basis and whenever there is an indication that the recoverable amount of a cash generating unit (CGU) is less than its carrying amount. For the impairment test, goodwill is allocated to the CGU or groups of CGU’s which benefit from the synergies of the acquisition and which represents the lowest level at which goodwill is monitored for internal management purposes. A CGU is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or group of assets.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 133, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8eaafe71857cf9df"}, {"chunk_id": "d73345eb48730956", "content": "A CGU is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or group of assets. Impairment occurs when the carrying amount of a CGU including the goodwill, exceeds the estimated recoverable amount of the CGU. The recoverable amount of a CGU is the higher of its fair value less cost to sell and its value-in-use. Value-in-use is the present value of future cash flows expected to be derived from the CGU. Key assumptions in the cash flow projections are prepared based on current economic conditions and includes estimated long term growth rates, weighted average cost of capital and estimated operating margins. Following is a summary of changes in the carrying amount of goodwill: March 31, 2025 March 31, 2024 Carrying value at the beginning 7,303                   7,248 Goodwill on acquisitions (Refer to note 2.10) 2,593 - Translation differences 210                        55 Carrying value at the end 10,106                   7,303 For the purpose of impairment testing, goodwill acquired in a business combination is allocated to the CGUs or groups of CGUs, which benefit from the synergies of the acquisition. The allocation of goodwill to operating segments as at March 31, 2025 and March 31, 2024 is as follows: March 31, 2025 March 31, 2024 Financial services 1,510                   1,476 Retail 961                      939 Communication 691                      675", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 133, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8eaafe71857cf9df"}, {"chunk_id": "2eee4a963061ebd6", "content": "March 31, 2025 March 31, 2024 Financial services 1,510                   1,476 Retail 961                      939 Communication 691                      675 Energy, Utilities, Resources and Services 1,337                   1,160 Manufacturing 2,986                      578 Life Sciences 975                      951 8,460                   5,779 Operating segments without significant goodwill 650                      552 Total 9,110                   6,331 The goodwill pertaining to Panaya amounting to ₹996 crore and ₹972 crore as at March 31, 2025 and March 31, 2024, respectively is tested for impairment at the entity level. The recoverable amount of a CGU is the higher of its fair value less cost to sell and its value-in-use. The fair value of a CGU is determined based on the market capitalization. Value-in-use is determined based on discounted future cash flows. The key assumptions used for the calculations are as follows: March 31, 2025 March 31, 2024 Long term growth rate 7-10 7-10 Operating margins 19-21 19-21 Discount rate 13                        13 The above discount rate is based on the Weighted Average Cost of Capital (WACC) of the Company. As at March 31, 2025, the estimated recoverable amount of the CGU exceeded its carrying amount. Reasonable sensitivities in key assumptions are unlikely to cause the carrying amount to exceed the recoverable amount of the cash generating units. 2.9.2 Intangible assets", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 133, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8eaafe71857cf9df"}, {"chunk_id": "6209588d405daa1f", "content": "CGU exceeded its carrying amount. Reasonable sensitivities in key assumptions are unlikely to cause the carrying amount to exceed the recoverable amount of the cash generating units. 2.9.2 Intangible assets Intangible assets are stated at cost less accumulated amortization and impairment. Intangible assets are amortized over their respective individual estimated useful lives on a straight-line basis, from the date that they are available for use. The estimated useful life of an identifiable intangible asset is based on a number of factors including the effects of obsolescence, demand, competition, and other economic factors (such as the stability of the industry and known technological advances), and the level of maintenance expenditures required to obtain the expected future cash flows from the asset. Amortization methods and useful lives are reviewed periodically including at each financial year end. Research costs are expensed as incurred. Software product development costs are expensed as incurred unless technical and commercial feasibility of the project is demonstrated, future economic benefits are probable, the Group has an intention and ability to complete and use or sell the software and the costs can be measured reliably. The costs which can be capitalized include the cost of material, direct labour, overhead costs that are directly attributable to prepare the asset for its intended use.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 133, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8eaafe71857cf9df"}, {"chunk_id": "e2c6d146ac757be8", "content": "reliably. The costs which can be capitalized include the cost of material, direct labour, overhead costs that are directly attributable to prepare the asset for its intended use. Intangible assets are evaluated for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value less cost to sell and the value-in-use) is determined on an individual asset basis unless the asset does not generate cash flows that are largely independent of those from other assets. In such cases, the recoverable amount is determined for the CGU to which the asset belongs.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 133, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8eaafe71857cf9df"}, {"chunk_id": "c8a0d779064a2698", "content": "If such assets are considered to be impaired, the impairment to be recognized in net profit in the statement of comprehensive income is measured by the amount by which the carrying value of the assets exceeds the estimated recoverable amount of the asset. An impairment loss is reversed in net profit in the statement of comprehensive income if there has been a change in the estimates used to determine the recoverable amount. The carrying amount of the asset is increased to its revised recoverable amount, provided that this amount does not exceed the carrying amount that would have been determined (net of any accumulated amortization) had no impairment loss been recognized for the asset in prior years. Following are the changes in the carrying value of acquired intangible assets for the three months ended March 31, 2025: (In ₹ crore) Particulars Customer Intellectual property rights Gross carrying value as at January 1, 2025 4,279             1,218                            1                          512                             798                   6,808 Additions during the period -                    39 -                               -                                  -                          39 Deletions -                     -                            -                               -                                  -                           - Translation differences 104                  23", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 135, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "841937ce68d88215"}, {"chunk_id": "058f572a75c6b8f4", "content": "Deletions -                     -                            -                               -                                  -                           - Translation differences 104                  23 -                                7                                 3                      137 Gross carrying value as at March 31, 2024 4,383 1,280 1 519 801                   6,984 Accumulated amortization as at January 1, 2025             (2,054)              (835)                          (1)                         (275)                            (660)                  (3,825) Amortization expense* (289)                (24) -                             (14)                              (18)                     (345) Deletions -                     -                            -                               -                                  -                           - Translation differences (34)                (10) -                               (2)                                (2)                       (48) Accumulated amortization as at March 31, 2025 (2,377) (869) (1) (291) (680)                  (4,218) Carrying value as at January 1, 2025 2,225 383 - 237 138                   2,983 Carrying value as at March 31, 2025 2,006 411 - 228 121                   2,766 Estimated Useful Life (in years) 1-15 3-10 - 3-10 3-7 Estimated Remaining Useful Life (in years) 1-9 1-4 - 1-6 1-3", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 135, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "841937ce68d88215"}, {"chunk_id": "547f9eada4dc432f", "content": "Carrying value as at March 31, 2025 2,006 411 - 228 121                   2,766 Estimated Useful Life (in years) 1-15 3-10 - 3-10 3-7 Estimated Remaining Useful Life (in years) 1-9 1-4 - 1-6 1-3 Following are the changes in the carrying value of acquired intangible assets for the three months ended March 31, 2024: (In ₹ crore) Particulars Customer Intellectual property rights Gross carrying value as at January 1, 2024 2,570             1,102                            1                          351                             784                   4,808 Additions during the period -                    22 -                               -                                  -                          22 Deletions -                     -                            -                               -                                  -                           - Translation differences (58)                (14) -                               (2)                                (2)                       (76) Gross carrying value as at March 31, 2024 2,512 1,110 1 349 782                   4,754 Accumulated amortization as at January 1, 2024             (1,797)              (748)                          (1)                         (227)                            (527)                  (3,300) Amortization expense (44)                (19) -                               (9)                              (30)                     (102) Deletions", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 135, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "841937ce68d88215"}, {"chunk_id": "21c5a8b7d999d4df", "content": "Amortization expense (44)                (19) -                               (9)                              (30)                     (102) Deletions -                      2 -                               -                                  -                            2 Translation differences 41 -                            -                                1                                 1                        43 Accumulated amortization as at March 31, 2024 (1,800) (765) (1) (235) (556)                  (3,357) Carrying value as at January 1, 2024 773 354 - 124 257                   1,508 Carrying value as at March 31, 2024 712 345 - 114 226                   1,397 Estimated Useful Life (in years) 1-15 3-10 - 3-10 3-7 Estimated Remaining Useful Life (in years) 1-10 1-5 - 1-6 1-4 Following are the changes in the carrying value of acquired intangible assets for the year ended March 31, 2025: (In ₹ crore) Particulars Customer Intellectual property rights Gross carrying value as at April 1, 2024 2,512             1,110                            1                          349                             782                   4,754 Additions during the period 143 143 Acquisition through business combination (Refer note no. 2.10) 1,780 -                            -                            160 -                     1,940", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 135, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "841937ce68d88215"}, {"chunk_id": "1a3006c999533bb4", "content": "Deletions -                     -                            -                               -                                  -                           - Translation differences 91                  27 -                              10                               19                      147 Gross carrying value as at March 31, 2025 4,383             1,280                            1                          519                             801                   6,984 Accumulated amortization as at April 1, 2024 (1,800)              (765)                          (1)                         (235)                            (556)                  (3,357) Amortization expense* (530)                (87) -                             (50)                            (110)                     (777) Deletions -                     -                            -                               -                                  -                           - Translation differences (47)                (17) -                               (6)                              (14)                       (84) Accumulated amortization as at March 31, 2025             (2,377)              (869)                          (1)                         (291)                            (680)                  (4,218) Carrying value as at April 1, 2024 712                345", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 136, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "897b078d1949ec4d"}, {"chunk_id": "a043b402993e9cfb", "content": "Carrying value as at April 1, 2024 712                345 -                            114                                  226                       1,397 Carrying value as at March 31, 2025 2,006                411 -                            228                             121                   2,766 Estimated Useful Life (in years) 1-15 3-10 - 3-10 3-7 Estimated Remaining Useful Life (in years) 1-9 1-4 - 1-6 1-3 * During the three months ended March 31, 2025, a decline in the revenue estimates led to the carrying value of the customer related intangibles assets recognized on business combination exceeding the estimated recoverable amount. Consequently, the Company has recognized ₹188 crore as the excess of carrying value over the estimated recoverable value for the three months ended March 31, 2025. Following are the changes in the carrying value of acquired intangible assets for the year ended March 31, 2024: (In ₹ crore) Particulars Customer Intellectual property rights Gross carrying value as at April 1, 2023 2,507             1,031                            1                          346                             774                   4,659 Additions during the period -                    79 -                               -                                  -                          79 Deletions -                   (2) -                               -                                  -                           (2)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 136, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "897b078d1949ec4d"}, {"chunk_id": "37b6559fff99aedd", "content": "Deletions -                   (2) -                               -                                  -                           (2) Translation differences 5                    2 -                                3                                 8                        18 Gross carrying value as at March 31, 2024 2,512             1,110                            1                          349                             782                   4,754 Accumulated amortization as at April 1, 2023 (1,600)              (688)                          (1)                         (195)                            (426)                  (2,910) Amortization expense (194)                (75) -                             (38)                            (125)                     (432) Deletions -                      2 -                               -                                  -                            2 Translation differences (6)                  (4) -                               (2)                                (5)                       (17) Accumulated amortization as at March 31, 2024             (1,800)              (765)                          (1)                         (235)                            (556)                  (3,357) Carrying value as at April 1, 2023 907                343 -                            151                                  348                       1,749 Carrying value as at March 31, 2024", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 136, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "897b078d1949ec4d"}, {"chunk_id": "d97118ddff3b6fbc", "content": "Carrying value as at April 1, 2023 907                343 -                            151                                  348                       1,749 Carrying value as at March 31, 2024 712                345 -                            114                             226                   1,397 Estimated Useful Life (in years) 1-15 3-10 - 3-10 3-7 Estimated Remaining Useful Life (in years) 1-10 1-5 - 1-6 1-4 * Majorly includes intangibles related to vendor relationships The amortization expense has been included under depreciation and amortization expense under cost of sales in the consolidated statement of comprehensive income. Research and development expense recognized in net profit in the consolidated statement of comprehensive income for the three months ended March 31, 2025 and March 31, 2024 was ₹350 crore and ₹281 crore respectively, and for the year ended March 31, 2025 and March 31, 2024 was ₹1296 crore and ₹1,118 crore respectively. 2.10 Business combinations Business combinations have been accounted for using the acquisition method under the provisions of IFRS 3 (Revised), Business Combinations. The purchase price in an acquisition is measured at the fair value of the assets transferred, equity instruments issued and liabilities incurred or assumed at the date of acquisition, which is the date on which control is transferred to the Group. The purchase price also includes the fair value", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 136, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "897b078d1949ec4d"}, {"chunk_id": "73429d397751690e", "content": "assumed at the date of acquisition, which is the date on which control is transferred to the Group. The purchase price also includes the fair value of any contingent consideration. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair value on the date of acquisition. Contingent consideration is remeasured at fair value at each reporting date and changes in the fair value of the contingent consideration are recognized in the interim Consolidated Statement of Comprehensive Income. The interest of non-controlling shareholders is initially measured either at fair value or at the non-controlling interests’ proportionate share of the acquiree’s identifiable net assets. The choice of measurement basis is made on an acquisition-by-acquisition basis. Subsequent to acquisition, the carrying amount of non-controlling interests is the amount of those interests at initial recognition plus the non-controlling interests’ share of subsequent changes in equity of subsidiaries. Business combinations between entities under common control is outside the scope of IFRS 3 (Revised), Business Combinations and is accounted for at carrying value of assets acquired and liabilities assumed.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 136, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "897b078d1949ec4d"}, {"chunk_id": "d60eea8e2e7d1177", "content": "The payments related to options issued by the Group over the non-controlling interests in its subsidiaries are accounted as financial liabilities and initially recognized at the estimated present value of gross obligations. Such options are subsequently measured at fair value in order to reflect the amount payable under the option at the date at which it becomes exercisable. In the event that the option expires unexercised, the liability is derecognized. Acquisition during the year ended 31 March 2025 On May 10, 2024, Infosys Ltd acquired 100% voting interests in InSemi Technology Services Private Limited, a semiconductor design services company headquartered in India. This acquisition is expected to strengthen our expertise in semiconductor ecosystem and Engineering R&D services. The purchase price is allocated to assets acquired and liabilities assumed based upon determination of fair values at the date of acquisition as follows: (In ₹ crore) Component Acquiree's carrying amount Fair value adjustments Net Assets(1) 40 - 40 Intangible assets : Customer related - 60 60 Brand - 13 13 Deferred tax liabilities on intangible assets - (18) (18) Total 95 Goodwill 103 Total purchase price 198 (1) Includes cash and cash equivalents acquired of ₹ 41 crore. The excess of the purchase consideration paid over the fair value of assets acquired has been attributed to goodwill. The primary items that", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 138, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8b24af9efb1c7818"}, {"chunk_id": "e538d4db7c0defff", "content": "198 (1) Includes cash and cash equivalents acquired of ₹ 41 crore. The excess of the purchase consideration paid over the fair value of assets acquired has been attributed to goodwill. The primary items that generated this goodwill are the value of the acquired assembled workforce and estimated synergies, neither of which qualify as an intangible asset. Goodwill is not tax-deductible. The purchase consideration of ₹198 crore includes cash of ₹168 crore and contingent consideration with an estimated fair value of ₹30 crore as on the date of acquisition. At the acquisition date, the key inputs used in determination of the fair value of contingent consideration are the probabilities assigned towards achievement of financial targets and discount rate of 5.9%. The undiscounted value of contingent consideration as of March 31, 2025 was ₹33 crore. Additionally, this acquisition has retention bonus and management incentive payable to the employees of the acquiree over three years, subject to their continuous employment with the Group and achievement of financial targets for the respective years. Bonus and incentives are recognized in employee benefit expenses in the Consolidated Statement of Comprehensive Income over the period of service. Fair value of trade receivables acquired is ₹32 crore as of acquisition date and as of March 31, 2025 the amounts are substantially collected.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 138, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8b24af9efb1c7818"}, {"chunk_id": "c637cd856eb2b238", "content": "Fair value of trade receivables acquired is ₹32 crore as of acquisition date and as of March 31, 2025 the amounts are substantially collected. Transaction costs that the Group incurs in connection with a business combination such as finder’s fees, legal fees, due diligence fees, and other professional and consulting fees are expensed as incurred. The transaction costs of ₹2 crore related to the acquisition have been included under administrative expenses in the Consolidated Statement of Comprehensive Income for the three months ended June 30, 2024. On July 17, 2024, Infosys Germany GmbH wholly owned step down subsidiary of Infosys Limited acquired 100% voting interests in in-tech Holding GmbH, a leading provider of engineering R&D services headquartered in Germany. This acquisition is expected to strengthen Infosys’ engineering R&D capabilities and reaffirms its continued commitment to global clients to navigate their digital engineering journey. The purchase price is allocated to assets acquired and liabilities assumed based upon determination of fair values at the date of acquisition as follows: (In ₹ crore) Component Acquiree's carrying amount Fair value adjustments Assets(1) 731 - 731 Liabilities (364) - (364) Intangible assets: Customer related - 1,720 1,720 Brand - 147 147 Deferred tax liabilities on intangible assets - (511) (511) Goodwill 2,490 Loan (985) - (985) Total purchase price 3,228 Loan repayment 985 Total cash outflow 4,213", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 138, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8b24af9efb1c7818"}, {"chunk_id": "aa85b4352f82a82a", "content": "Customer related - 1,720 1,720 Brand - 147 147 Deferred tax liabilities on intangible assets - (511) (511) Goodwill 2,490 Loan (985) - (985) Total purchase price 3,228 Loan repayment 985 Total cash outflow 4,213 (1)Includes cash and cash equivalents acquired of ₹197 crore. The excess of the purchase consideration paid over the fair value of assets acquired has been attributed to goodwill. The primary items that generated this goodwill are the value of the acquired assembled workforce and estimated synergies, neither of which qualify as an intangible asset. Goodwill is not tax-deductible. The total purchase consideration of EUR 356 million (₹3,228 crore) comprises the cash consideration paid to selling shareholders at the acquisition date. Additionally, this acquisition has retention bonus and management incentive payable to the employees of the acquiree over two to five years, subject to their continuous employment with the Group and achievement of financial targets for the respective years. Bonus and incentives are recognized in employee benefit expenses in the Statement of Comprehensive Income over the period of service. Fair value of trade receivables acquired is ₹139 crore as of acquisition date and as of March 31, 2025 the amounts are substantially collected. Transaction costs that the Group incurs in connection with a business combination such as finder’s fees, legal fees, due diligence fees, and other", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 138, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8b24af9efb1c7818"}, {"chunk_id": "e06baff825555c7f", "content": "Transaction costs that the Group incurs in connection with a business combination such as finder’s fees, legal fees, due diligence fees, and other professional and consulting fees are expensed as incurred. The transaction costs of ₹4 crore related to the acquisition have been included under administrative expenses in the Consolidated Statement of Comprehensive Income for the quarter ended September 30, 2024. Proposed acquisitions On April 17, 2025, Infosys Singapore Pte Ltd., a wholly-owned step down subsidiary of Infosys Limited, entered into a definitive agreement to acquire 100% of the equity share capital of The Missing Link, a leading Cybersecurity service provider headquartered in Australia, for a consideration including earn-outs amounting up to AUD 98 million (approximately ₹527 crore) , excluding management incentives, and retention bonus, subject to customary closing adjustments. On April 17, 2025, Infosys Nova Holdings LLC, a wholly-owned step down subsidiary of Infosys Limited, entered into a definitive agreement to acquire 100% of the partnership interests of MRE Consulting Ltd, a leading Energy Consulting company, headquartered in USA, for a consideration including earn-outs amounting up to $36 million (approximately ₹308 crore) , excluding management incentives, and retention bonus , subject to customary closing adjustments.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 138, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8b24af9efb1c7818"}, {"chunk_id": "f794bd58edf750b0", "content": "consideration including earn-outs amounting up to $36 million (approximately ₹308 crore) , excluding management incentives, and retention bonus , subject to customary closing adjustments. To consummate this transaction, Infosys Nova Holdings LLC has simultaneously incorporated an entity Infosys Energy Consulting Services LLC. 2.11 Employees' Stock Option Plans (ESOP)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 138, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8b24af9efb1c7818"}, {"chunk_id": "ab76c26b8a144d96", "content": "The Group recognizes compensation expense relating to share-based payments in net profit based on estimated fair-values of the awards on the grant date. The estimated fair value of awards is recognized as an expense in net profit in the interim consolidated statement of comprehensive income on a straight-line basis over the requisite service period for each separately vesting portion of the award as if the award was in-substance, multiple awards with a corresponding increase to share premium. Infosys Expanded Stock Ownership Program 2019 (the 2019 Plan): On June 22, 2019 pursuant to the approval by the shareholders in the Annual General Meeting, the Board has been authorized to introduce, offer, issue and provide share-based incentives to eligible employees of the Company and its subsidiaries under the 2019 Plan. The maximum number of shares under the 2019 plan shall not exceed 50,000,000 equity shares. To implement the 2019 Plan, up to 45,000,000 equity shares may be issued by way of secondary acquisition of shares by the Infosys Expanded Stock Ownership Trust. The Restricted Stock Units (RSUs) granted under the 2019 plan shall vest based on the achievement of defined annual performance parameters as determined by the administrator (Nomination and Remuneration Committee). The performance parameters will be based on a combination of relative Total Shareholder Return (TSR) against selected industry peers", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 139, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3b4c87ca2baf1679"}, {"chunk_id": "88d9ebb1f0486cc9", "content": "Committee). The performance parameters will be based on a combination of relative Total Shareholder Return (TSR) against selected industry peers and certain broader market domestic and global indices and operating performance metrics of the company as decided by administrator. Each of the above performance parameters will be distinct for the purposes of calculation of quantity of shares to vest based on performance. These instruments will generally vest between a minimum of 1 to maximum of 3 years from the grant date. 2015 Stock Incentive Compensation Plan (the 2015 Plan): On March 31, 2016, pursuant to the approval by the shareholders through postal ballot, the Board was authorized to introduce, offer, issue and allot share-based incentives to eligible employees of the Company and its subsidiaries under the 2015 Stock Incentive Compensation Plan. The maximum number of shares under the 2015 plan shall not exceed 24,038,883 equity shares (this includes 11,223,576 equity shares which are held by the trust towards the 2011 Plan as at March 31, 2016). These instruments will generally vest over a period of 4 years. The plan numbers mentioned above are further adjusted with the September 2018 bonus issue. The equity settled and cash settled RSUs and stock options would vest generally over a period of 4 years and shall be exercisable within the period as approved by the Nomination and Remuneration Committee (NARC).", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 139, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3b4c87ca2baf1679"}, {"chunk_id": "2787d476a946357f", "content": "approved by the Nomination and Remuneration Committee (NARC). The exercise price of the RSUs will be equal to the par value of the shares and the exercise price of the stock options would be the market price as on the date of grant. Controlled trust holds 96,55,927 and 10,916,829 shares as at March 31, 2025 and March 31, 2024, respectively under the 2015 plan, out of which 200,000 equity shares each have been earmarked for welfare activities of the employees as at March 31, 2025 and March 31, 2024. The following is the summary of grants made during the three months and year ended March 31, 2025 and March 31, 2024: March 31, Particulars 2025 2024 2025 2024 2025 2024 2025 2024 Equity settled RSUs Key Management Personnel (KMP) 49,000         26,900       119,699        141,171         85,674         77,094         380,842          498,730 Employees other than KMP 3,617,798    3,582,471    3,624,646     4,046,731    1,722,470    3,442,700      1,874,690       4,640,640 Total Grants 3,666,798    3,609,371    3,744,345     4,187,902    1,808,144    3,519,794      2,255,532       5,139,370 Cash settled RSUs Key Management Personnel (KMP) -                   -                   -                    -                   -                   -                     -                      - Employees other than KMP -                   -                   -                    -           94,050       169,040           94,050          176,990", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 139, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3b4c87ca2baf1679"}, {"chunk_id": "80f8c80d44a2c92e", "content": "Employees other than KMP -                   -                   -                    -           94,050       169,040           94,050          176,990 -                   -                   -                    -           94,050       169,040           94,050          176,990 Total Grants 3,666,798    3,609,371    3,744,345     4,187,902    1,902,194    3,688,834      2,349,582       5,316,360 Notes on grants to KMP: The Board, on April 18, 2024, based on the recommendations of the Nomination and Remuneration Committee approved the following grants for fiscal 2025. In accordance with such approval the following grants were made effective May 2, 2024. - 245,679 performance-based RSUs (Annual performance equity grant) of fair value of ₹34.75 crore. These RSUs will vest in line with the employment agreement based on achievement of certain performance targets. - 14,140 performance-based grant of RSUs (Annual performance equity ESG grant) of fair value of ₹2 crore. These RSUs will vest in line with the employment agreement based on achievement of certain environment, social and governance milestones as determined by the Board. - 35,349 performance-based grant of RSUs (Annual performance Equity TSR grant) of fair value of ₹5 crore. These RSUs will vest in line with the employment agreement based on Company’s performance on cumulative relative TSR over the years and as determined by the Board.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 139, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3b4c87ca2baf1679"}, {"chunk_id": "b9c4ae3a3a8c0cb4", "content": "These RSUs will vest in line with the employment agreement based on Company’s performance on cumulative relative TSR over the years and as determined by the Board. Further, in accordance with the employee agreement which has been approved by the shareholders, the CEO is eligible to receive an annual grant of RSUs of fair value ₹3 crore which will vest overtime in three equal annual installments upon the completion of each year of service from the respective grant date. Accordingly, annual time-based grant of 16,204 RSUs was made effective February 1, 2025 for fiscal 2025. Though the annual time based grants and annual performance equity TSR grant for the remaining employment term ending on March 31, 2027 have not been granted as of March 31, 2025, since the service commencement date precedes the grant date, the company has recorded employment stock compensation expense in accordance with IFRS 2, Share based payments. The grant date for this purpose in accordance with IFRS 2, Share based payments is July 1, 2022. The Board, on April 18, 2024, based on the recommendations of the Nomination and Remuneration Committee, approved performance-based grant of RSUs amounting to ₹10 crore for fiscal 2025 under the 2019 Plan. These RSUs will vest based on achievement of certain performance targets. Accordingly, 70,699 performance based RSU’s were granted effective May 2, 2024.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 139, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3b4c87ca2baf1679"}, {"chunk_id": "12423915e9ee8e25", "content": "These RSUs will vest based on achievement of certain performance targets. Accordingly, 70,699 performance based RSU’s were granted effective May 2, 2024. During the year ended March 31, 2025, based on recommendations of Nomination and Remuneration Committee, the Board approved 69,470 time based RSUs to other KMP under the 2015 plan. Time based RSUs will vest over four years. During the year ended March 31, 2025, based on recommendations of Nomination and Remuneration Committee, the Board approved performance based grants of 49,000 RSUs to other KMPs under the 2019 plan. These RSUs will vest over three years based on achievement of certain performance targets. The break-up of employee stock compensation expense is as follows: March 31, Year ended March 31,", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 139, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3b4c87ca2baf1679"}, {"chunk_id": "d638c07377f1b211", "content": "KMP 18                17                  70                   68 Total (1) 198              225                802                 652 Employees other than KMP 180              208                732                 584 (1) Cash settled stock compensation expense included in the above 3                  4                  17                   13 The activity in the 2015 and 2019 plan for equity-settled share based payment transactions is set out as follows: average exercise price (₹) average exercise price (₹) average exercise price (₹) average exercise price Outstanding at the beginning 6,577,588             5.00    5,154,236              5.00    8,076,058             5.00      5,408,018                5.00 Granted 1,808,144             5.00    3,519,794              5.00    2,255,532             5.00      5,139,370                5.00 Exercised 886,884             5.00       471,536              5.00    2,080,865             5.00      1,815,025                5.00 Forfeited and expired 239,384             5.00       126,436              5.00       991,261             5.00         656,305                5.00 Outstanding at the end 7,259,464             5.00    8,076,058              5.00    7,259,464             5.00      8,076,058                5.00 Exercisable at the end 629,138             4.97       831,050              4.98       629,138             4.97         831,050                4.98 Outstanding at the beginning", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 140, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e5d3ed7fd80ed3ee"}, {"chunk_id": "58d52697fb2ce176", "content": "Exercisable at the end 629,138             4.97       831,050              4.98       629,138             4.97         831,050                4.98 Outstanding at the beginning 17,554              499         82,050               551         82,050              551         134,030                 529 2015 Plan: Employee Stock Options (ESOPs) Granted -                   -                   -                    -                   -                   -                     -                      - Exercised -                   -                   -                    -           61,672              573           51,980                 499 Forfeited and expired -                   -                   -                    -             2,824              499 -                      - Outstanding at the end 17,554              499         82,050               551         17,554              499           82,050                 551 Exercisable at the end 17,554              499         82,050               551         17,554              499           82,050                 551 Outstanding at the beginning 6,567,358             5.00    5,845,282              5.00    8,023,855             5.00      7,222,038                5.00 Granted 3,666,798             5.00    3,609,371              5.00    3,744,345             5.00      4,187,902                5.00 Exercised", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 140, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e5d3ed7fd80ed3ee"}, {"chunk_id": "c10770eb94c16b82", "content": "Granted 3,666,798             5.00    3,609,371              5.00    3,744,345             5.00      4,187,902                5.00 Exercised 638,563             5.00       281,010              5.00    1,514,356             5.00      1,695,705                5.00 Forfeited and expired 1,522,958             5.00    1,149,788              5.00    2,181,209             5.00      1,690,380                5.00 Outstanding at the end 8,072,635             5.00    8,023,855              5.00    8,072,635             5.00      8,023,855                5.00 Exercisable at the end 770,321             5.00       814,798              5.00       770,321             5.00         814,798                5.00 The weighted average share price of option exercised is set out as follows: 2025 2024 2025 2024 2025 2024 2025 2024 Weighted average share price of options exercised 1,629           1,600           1,587            1,352           1,663           1,630             1,601              1,414 The summary of information about equity settled RSUs and ESOPs outstanding as at March 31, 2025 is as follows: No. of shares arising out 2019 plan - Options outstanding 2015 plan - Options outstanding No. of shares arising out Range of exercise prices per share (₹) average remaining contractual average exercise price (₹) average remaining contractual average exercise price 0 - 5 (RSU) 8,072,635              1.23             5.00    7,259,464               1.51                5.00 450 - 640 (ESOP)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 140, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e5d3ed7fd80ed3ee"}, {"chunk_id": "b37d8eeb08661e73", "content": "average remaining contractual average exercise price (₹) average remaining contractual average exercise price 0 - 5 (RSU) 8,072,635              1.23             5.00    7,259,464               1.51                5.00 450 - 640 (ESOP) -                    -                   -           17,554               0.58                 499 The summary of information about equity settled RSUs and ESOPs outstanding as at March 31, 2024 was as follows: 2019 plan - Options outstanding 2015 plan - Options outstanding No. of shares arising out average remaining contractual average exercise price (₹) No. of shares arising out average remaining contractual average exercise price Range of exercise prices per share (₹) 0 - 5 (RSU) 8,023,855              1.42             5.00    8,076,058               1.77                5.00 450 - 640 (ESOP) -                    -                   -           82,050               1.10                 551 As at March 31, 2025 and March 31, 2024, 2,88,384 and 2,91,795 cash settled options were outstanding respectively. The carrying value of liability towards cash settled share based payments was ₹18 crore and ₹13 crore as at March 31, 2025 and March 31, 2024 respectively. The fair value of the awards are estimated using the Black-Scholes Model for time and non-market performance based options and Monte Carlo simulation model is used for  TSR based options.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 140, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e5d3ed7fd80ed3ee"}, {"chunk_id": "3bc09df73c42849a", "content": "The fair value of the awards are estimated using the Black-Scholes Model for time and non-market performance based options and Monte Carlo simulation model is used for  TSR based options. The inputs to the model include the share price at date of grant, exercise price, expected volatility, expected dividends, expected term and the risk free rate of interest. Expected volatility during the expected term of the options is based on historical volatility of the observed market prices of the Company's publicly traded equity shares during a period equivalent to the expected term of the options. Expected volatility of the comparative company have been modelled based on historical movements in the market prices of their publicly traded equity shares during a period equivalent to the expected term of the options. Correlation coefficient is calculated between each peer entity and the indices as a whole or between each entity in the peer group. The fair value of each equity settled award is estimated on the date of grant using the following assumptions: For options granted in Weighted average share price (₹) / ($ ADS) 1,808 21.44 1,588 19.19 Exercise price (₹)/ ($ ADS) 5.00             0.07               5.00                0.07 Expected volatility (%) 21-26 23-28 23-31 25-33 Expected life of the option (years) 1-4 1-4 1-4 1-4 Expected dividends (%) 2-3 2-3 2-3 2-3 Risk-free interest rate (%) 7 4-5 7 4-5 Weighted average fair value as on grant date (₹) / ($ ADS)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 140, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e5d3ed7fd80ed3ee"}, {"chunk_id": "a2eaa183827f7698", "content": "21-26 23-28 23-31 25-33 Expected life of the option (years) 1-4 1-4 1-4 1-4 Expected dividends (%) 2-3 2-3 2-3 2-3 Risk-free interest rate (%) 7 4-5 7 4-5 Weighted average fair value as on grant date (₹) / ($ ADS) 1,555           18.20             1,317              16.27 The expected life of the RSU/ESOP is estimated based on the vesting term and contractual term of the RSU/ESOP, as well as expected exercise behavior of the employee who receives the RSU/ESOP.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 140, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e5d3ed7fd80ed3ee"}, {"chunk_id": "37d4b19f399edbf7", "content": "Income tax expense comprises current and deferred income tax. Income tax expense is recognized in net profit in the interim Consolidated Statement of Comprehensive income except to the extent that it relates to items recognized directly in equity, in which case it is recognized in equity or other comprehensive income. Current income tax for current and prior periods is recognized at the amount expected to be paid to or recovered from the tax authorities, using the tax rates and tax laws that have been enacted or substantively enacted by the Balance Sheet date. Deferred income tax assets and liabilities are recognized for all temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements except when the deferred income tax arises from the initial recognition of goodwill or an asset or liability in a transaction that is not a business combination and affects neither accounting nor taxable profit or loss at the time of the transaction. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized. Deferred income tax assets and liabilities are measured using tax rates and tax laws that have been enacted or substantively enacted by the Balance Sheet date and", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 141, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7ca8446c9f07ad70"}, {"chunk_id": "8bbbbabefd0a8593", "content": "tax benefit will be realized. Deferred income tax assets and liabilities are measured using tax rates and tax laws that have been enacted or substantively enacted by the Balance Sheet date and are expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of changes in tax rates on deferred income tax assets and liabilities is recognized as income or expense in the period that includes the enactment or the substantive enactment date. A deferred income tax asset is recognized to the extent that it is probable that future taxable profit will be available against which the deductible temporary differences and tax losses can be utilized. Deferred income taxes are not provided on the undistributed earnings of subsidiaries and branches where it is expected that the earnings of the subsidiary or branch will not be distributed in the foreseeable future. The Group offsets current tax assets and current tax liabilities; deferred tax assets and deferred tax liabilities, where it has a legally enforceable right to set off the recognized amounts and where it intends either to settle on a net basis, or to realize the asset and settle the liability simultaneously. The income tax provision for the interim period is made based on the best estimate of the annual average tax rate expected to be applicable for the full financial year.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 141, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7ca8446c9f07ad70"}, {"chunk_id": "43f3424b37f94e09", "content": "The income tax provision for the interim period is made based on the best estimate of the annual average tax rate expected to be applicable for the full financial year. Tax benefits of deductions earned on exercise of employee share options in excess of compensation charged to income are credited to equity. Income tax expense in the consolidated statement of comprehensive income comprises: Year ended March 31, Three months ended March 31, 2025 2024 2025 2024 Current taxes Domestic taxes 2,114                1,021                           9,207                           6,346 Foreign taxes 670                   152                           2,923                           2,044 2,784                1,173                         12,130                           8,390 Deferred taxes Domestic taxes (229)                   950                            (933)                           1,498 Foreign taxes 70                   142                            (339)                            (148) (159)                1,092                         (1,272)                           1,350 Income tax expense 2,625                2,265                         10,858                           9,740 (In ₹ crore) Particulars A reconciliation of the income tax provision to the amount computed by applying the statutory income tax rate to the income before income taxes is summarized below: 2025 2024 Profit before income taxes", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 141, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7ca8446c9f07ad70"}, {"chunk_id": "7a2403ecbb120449", "content": "A reconciliation of the income tax provision to the amount computed by applying the statutory income tax rate to the income before income taxes is summarized below: 2025 2024 Profit before income taxes 37,608                         35,988 Enacted tax rates in India 25.17% 34.94% Computed expected tax expense 9,465                         12,576 Tax effect due to non-taxable income for Indian tax purposes -                          (3,009) Overseas taxes 1,109                           1,128 Tax provision (reversals) 132                            (937) Effect of exempt non-operating income (31)                              (49) Effect of unrecognized deferred tax assets 161                              203 Effect of differential tax rates (79)                            (568) Effect of non-deductible expenses 276                              165 Others (175)                              231 Income tax expense 10,858                           9,740 The applicable Indian corporate statutory tax rate for the year ended March 31, 2025 is 25.17% and for the year ended March 31, 2024 is 34.94%. Income tax expense for the three months ended March 31, 2025 and March 31, 2024 includes reversals (net of provisions) of ₹117 crore and ₹871 crore, respectively. Income tax expense for the year ended March 31, 2025 and March 31, 2024 includes provisions (net of reversal) of ₹132 crore and reversal (net of provisions) of ₹937 crore, respectively.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 141, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7ca8446c9f07ad70"}, {"chunk_id": "50a4afb6012d1509", "content": "Income tax expense for the year ended March 31, 2025 and March 31, 2024 includes provisions (net of reversal) of ₹132 crore and reversal (net of provisions) of ₹937 crore, respectively. These provisions and reversals pertaining to prior periods are primarily on account of adjudication of certain disputed matters, upon filing of tax return and completion of assessments, across various jurisdictions. During the quarter and year ended March 31, 2025, the Company received orders under section 250 of the Income Tax Act, 1961, from the Income Tax Authorities in India for the assessment years, 2016-17 and 2019-20. These orders confirmed the Company's position with respect to tax treatment of certain contentious matters. As a result interest income (pre-tax) of ₹327 crore was recognised and provision for income tax aggregating ₹183 crore was reversed with a corresponding credit to the Statement of Profit and Loss. Also, upon resolution of the disputes, an amount aggregating to ₹1,068 crore has been reduced from contingent liabilities. During the year ended March 31, 2024, the Company received orders under sections 250 and 254 of the Income Tax Act, 1961, from the Income Tax Authorities in India for the assessment years, 2007-08 to 2015-16, 2017-18 and 2018-19. These orders confirmed the Company's position with respect to tax treatment of certain contentious matters. As a", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 141, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7ca8446c9f07ad70"}, {"chunk_id": "f8a8509e0de9a6d8", "content": "assessment years, 2007-08 to 2015-16, 2017-18 and 2018-19. These orders confirmed the Company's position with respect to tax treatment of certain contentious matters. As a result interest income (pre-tax) of ₹1,933 crore was recognised and provision for income tax aggregating ₹525 crore was reversed with a corresponding credit to the Statement of Comprehensive Income. Also, upon resolution of the disputes, an amount aggregating to ₹ 1,628 crore has been reduced from contingent liabilities.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 141, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7ca8446c9f07ad70"}, {"chunk_id": "76681ea6b2ae6bc7", "content": "The foreign tax expense is due to income taxes payable overseas, principally in the United States. In India, the Company has benefited from certain income tax incentives that the Government of India had provided for export of software and services from the units registered under the Special Economic Zones Act (SEZs), 2005 in the prior years. SEZ units which began the provision of services on or after April 1, 2005 are eligible for a deduction of 100% of profits or gains derived from the export of services for the first five years from the financial year in which the unit commenced the provision of services and 50% of such profits or gains for further five years. Up to 50% of such profits or gains is also available for a further five years subject to creation of a Special Economic Zone re-investment Reserve out of the profit for the eligible SEZ units and utilization of such reserve by the Company for acquiring new plant and machinery for the purpose of its business as per the provisions of the Income Tax Act, 1961. (Refer to Special Economic Zone Re- investment reserve under Note 2.18 Equity). Deferred income tax for the three months and year ended March 31, 2025 and March 31, 2024 substantially relates to origination and reversal of temporary differences.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 142, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "23c9b19ca3fa4d22"}, {"chunk_id": "b6e371a3a9bc8abe", "content": "Deferred income tax for the three months and year ended March 31, 2025 and March 31, 2024 substantially relates to origination and reversal of temporary differences. Infosys is subject to a 15% Branch Profit Tax (BPT) in the U.S. to the extent its U.S. branch's net profit during the year is greater than the increase in the net assets of the U.S. branch during the year, computed in accordance with the Internal Revenue Code. As at March 31, 2025, Infosys' U.S. branch net assets amounted to approximately ₹7,755 crore. As at March 31, 2025, the Company has a deferred tax liability for branch profit tax of ₹271 crore (net of credits), as the Company estimates that these branch profits are expected to be distributed in the foreseeable future. Deferred income tax liabilities have not been recognized on temporary differences amounting to ₹16,593 crore and ₹10,776 crore as at March 31, 2025 and March 31, 2024, respectively, associated with investments in subsidiaries and branches as the Company is able to control the timing of reversal of the temporary difference and it is probable that the temporary differences will not reverse in the foreseeable future. The Group majorly intends to repatriate earnings from subsidiaries and branches only to the extent these can be distributed in a tax-free manner.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 142, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "23c9b19ca3fa4d22"}, {"chunk_id": "fa620bf1277ecda5", "content": "The Group majorly intends to repatriate earnings from subsidiaries and branches only to the extent these can be distributed in a tax-free manner. Deferred income tax assets have not been recognized on accumulated losses of ₹4,597 crore and ₹4,668 crore as at March 31, 2025 and March 31, 2024, respectively, as it is probable that future taxable profit will be not available against which the unused tax losses can be utilized in the foreseeable future. Year As at March 31, 2025 2026 209 2027 140 2028 508 2029 686 2030 443 Thereafter 2,611 Total 4,597 The following table provides details of expiration of unused tax losses as at March 31, 2025: The following table provides details of expiration of unused tax losses as at March 31, 2024: Year As at March 31, 2024 2025 13 2026 202 2027 128 2028 467 2029 684 Thereafter 3,174 Total 4,668 The following table provides the details of income tax assets and income tax liabilities as at March 31, 2025 and March 31, 2024: (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Income tax assets 4,597                           9,442 Current income tax liabilities 4,853                           3,585 Net current income tax asset / (liabilities) at the end (256)                           5,857 (In ₹ crore) Particulars The gross movement in the current income tax asset/ (liabilities) for the three months and year ended March 31, 2025 and March 31, 2024 is as follows: 2025 2024 2025 2024", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 142, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "23c9b19ca3fa4d22"}, {"chunk_id": "19ea679ec5a743e8", "content": "(In ₹ crore) Particulars The gross movement in the current income tax asset/ (liabilities) for the three months and year ended March 31, 2025 and March 31, 2024 is as follows: 2025 2024 2025 2024 Net current income tax asset/ (liabilities) at the beginning (591)                3,005                           5,857                           3,075 Income tax paid* 2,738                2,085                           5,602                           9,231 Interest receivable on income tax refund 327                1,934                              327                           1,934 Current income tax expense (2,784)              (1,173)                       (12,130)                         (8,390) Income tax benefit arising on exercise of stock options 27                       3                                39                                  3 Additions through business combination -                        -                                 (1) - Income tax on other comprehensive income 8                       2                                19                                  4 Translation differences 19                       1                                31 - Net current income tax asset/ (liabilities) at the end (256) 5,857 (256) 5,857 * net of refund The movement in gross deferred income tax assets / (liabilities) (before set off) for the three months ended March 31, 2025 is as follows: (In ₹ crore) Particulars Carrying value as at business", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 142, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "23c9b19ca3fa4d22"}, {"chunk_id": "96669a41cfdec66a", "content": "Deferred income tax assets/(liabilities) Property, plant and equipment 245                          (4) -                        -                                 (2)                              239 Lease liabilities 185                        (32) -                        -                                    1                              154 Accrued compensation to employees 59                          20 -                        -                                    1                                80 Trade receivables 239                        (20) -                        -                                    1                              220 Compensated absences 689                          15 -                        -                                    2                              706 Post sales client support 84                        (15) -                        -                                 (1)                                68 Credits related to branch profits 614                        178 -                        -                                 (1)                              791 Derivative financial instruments (15)                        (31) -                       18 -                               (28) Intangible assets 66                            5 -                        -                                   -                                  71 Intangibles arising on business combinations", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 143, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f4e61dd60e616c0a"}, {"chunk_id": "96f9c33eab7c7d30", "content": "Intangible assets 66                            5 -                        -                                   -                                  71 Intangibles arising on business combinations (729)                          65 -                        -                               (20)                            (684) Branch profit tax (806)                      (257) -                        -                                    1                         (1,062) SEZ reinvestment reserve (1,566)                        133 -                        -                                   -                          (1,433) Interest receivable on income tax refund (107)                          36 -                        -                                   -                               (71) Others 281                          66 -                    (14)                                  2                              335 Total deferred income tax assets/(liabilities) (761)                        159 -                         4                              (16)                            (614) The movement in gross deferred income tax assets / (liabilities) (before set off) for the three months ended March 31, 2024 is as follows: (In ₹ crore) Particulars Carrying value as at business combination Deferred income tax assets/(liabilities) Property, plant and equipment 231                          12", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 143, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f4e61dd60e616c0a"}, {"chunk_id": "154f3277c391b23a", "content": "(In ₹ crore) Particulars Carrying value as at business combination Deferred income tax assets/(liabilities) Property, plant and equipment 231                          12 -                        -                                    1                              244 Lease liabilities 215                        (17) -                        -                                   -                                198 Accrued compensation to employees 57                            5 -                        -                                   -                                  62 Trade receivables 242                        (19) -                        -                                   -                                223 Compensated absences 655                        (28) -                        -                                   -                                627 Post sales client support 250                      (194) -                        -                                   -                                  56 Credits related to branch profits 537                        273 -                        -                                    1                              811 Derivative financial instruments 24                        (26) -                      (9) -                               (11) Intangible assets 64 -                               -                        -                                   -                                  64", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 143, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f4e61dd60e616c0a"}, {"chunk_id": "d2f66c46920e6f92", "content": "-                               (11) Intangible assets 64 -                               -                        -                                   -                                  64 Intangibles arising on business combinations (301)                          15 -                        -                                    4                            (282) Branch profit tax (638)                      (440) -                        -                                 (2)                         (1,080) SEZ reinvestment reserve (1,798)                      (198) -                        -                                   -                          (1,996) Interest receivable on income tax refund -                       (487) -                        -                                   -                             (487) Others 222                          12 -                      (3) -                                231 Total deferred income tax assets/(liabilities) (240)                   (1,092) -                    (12)                                  4                         (1,340) The movement in gross deferred income tax assets / (liabilities) (before set off) for the year ended March 31, 2025 is as follows: (In ₹ crore) Particulars Carrying value as at business combination", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 143, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f4e61dd60e616c0a"}, {"chunk_id": "4ac7f722777b7015", "content": "Deferred income tax assets/(liabilities) Property, plant and equipment 244                          (4) -                        -                                 (1)                              239 Lease liabilities 198                        (45) -                        -                                    1                              154 Accrued compensation to employees 62                          18 -                        -                                   -                                  80 Trade receivables 223                          (3) -                        -                                   -                                220 Compensated absences 627                          77                               2 -                                   -                                706 Post sales client support 56                          11 -                        -                                    1                                68 Credits related to branch profits 811                        (37) -                        -                                  17                              791 Derivative financial instruments (11)                        (25) -                         8 -                               (28) Intangible assets 64                            5 -                        -                                    2                                71 Intangibles arising on business combinations", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 143, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "480165fe13b6490a"}, {"chunk_id": "21e29f1654cc7ab6", "content": "Intangible assets 64                            5 -                        -                                    2                                71 Intangibles arising on business combinations (282)                        141                         (529) -                               (14)                            (684) Branch profit tax (1,080)                          41 -                        -                               (23)                         (1,062) SEZ reinvestment reserve (1,996)                        563 -                        -                                   -                          (1,433) Interest receivable on income tax refund (487)                        416 -                        -                                   -                               (71) Others 231                        114                               9                   (22)                                  3                              335 Total deferred income tax assets/(liabilities) (1,340)                     1,272                         (518)                   (14)                              (14)                            (614) The movement in gross deferred income tax assets / liabilities (before set off) for the year ended March 31, 2024 is as follows: (In ₹ crore) Particulars Carrying value as at April 1, business combination Impact on account of IAS 37 adoption Deferred income tax assets/(liabilities)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 143, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "480165fe13b6490a"}, {"chunk_id": "501acfc03703682f", "content": "(In ₹ crore) Particulars Carrying value as at April 1, business combination Impact on account of IAS 37 adoption Deferred income tax assets/(liabilities) Property, plant and equipment 169             75 -                               -                        -                                   -                                244 Lease liabilities 223            (25) -                               -                        -                                   -                                198 Accrued compensation to employees 68              (6) -                               -                        -                                   -                                  62 Trade receivables 261            (40) -                               -                        -                                    2                              223 Compensated absences 576             50 -                               -                        -                                    1                              627 Post sales client support 248          (192) -                               -                        -                                   -                                  56 Credits related to branch profits 718             84 -                               -                        -                                    9                              811 Derivative financial instruments -                (7)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 143, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "480165fe13b6490a"}, {"chunk_id": "b6b95880ad066a0a", "content": "718             84 -                               -                        -                                    9                              811 Derivative financial instruments -                (7) -                               -                      (4) -                               (11) Intangible assets 62               1 -                               -                        -                                    1                                64 Intangibles arising on business combinations (344) 63 -                               -                        -                                 (1)                            (282) Branch profit tax (866)          (202) -                               -                        -                               (12)                         (1,080) SEZ reinvestment reserve (1,351)          (645) -                               -                        -                                   -                          (1,996) Interest receivable on income tax refund -            (487) -                               -                        -                                   -                             (487) Others 261            (19) -                               -                      (4)                                (7)                              231 Total deferred income tax assets/(liabilities) 25       (1,350)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 143, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "480165fe13b6490a"}, {"chunk_id": "5b53deb149cdeb5f", "content": "261            (19) -                               -                      (4)                                (7)                              231 Total deferred income tax assets/(liabilities) 25       (1,350) -                               -                      (8)                                (7)                         (1,340) The deferred income tax assets and liabilities are as follows: (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Deferred income tax assets after set off 1,108                              454 Deferred income tax liabilities after set off (1,722)                         (1,794)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 143, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "480165fe13b6490a"}, {"chunk_id": "7261667c2718ccb6", "content": "In assessing the realizability of deferred income tax assets, the management considers whether some portion or all of the deferred income tax assets will not be realized. The ultimate realization of deferred income tax assets is dependent upon the generation of future taxable income during the periods in which the temporary differences become deductible. The Management considers the scheduled reversals of deferred income tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based on the level of historical taxable income and projections for future taxable income over the periods in which the deferred income tax assets are deductible, the management believes that the Group will realize the benefits of those deductible differences. The amount of the deferred income tax assets considered realizable, however, could be reduced in the near term if estimates of future taxable income during the carry forward period are reduced. The Company’s Advanced Pricing Arrangement (APA) with the Internal Revenue Service (IRS) for US branch income tax expired in March 2021. The Company has applied for renewal of APA and currently the US taxable income is based on the Company’s best estimate determined based on the expected value method. As at March 31, 2025, claims against the Group not acknowledged as debts from the Income tax authorities amounted to ₹ 1,933 crore.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 144, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aaa868fab3383ed8"}, {"chunk_id": "2451e2787af119d8", "content": "As at March 31, 2025, claims against the Group not acknowledged as debts from the Income tax authorities amounted to ₹ 1,933 crore. As at March 31, 2024, claims against the Group not acknowledged as debts from the Income tax authorities amounted to ₹2,794 crore. The amount paid to statutory authorities against the tax claims amounted to ₹4,199 crore and ₹8,743 crore as at March 31, 2025 and March 31, 2024, respectively. The claims against the Group primarily represent demands arising on completion of assessment proceedings under the Income Tax Act, 1961. These claims are on account of issues of disallowance of expenditure towards software being held as capital in nature, payments made to associated enterprises held as liable for withholding of taxes, among others. These matters are pending before various Income Tax Authorities and the Management including its tax advisors expect that its position will likely be upheld on ultimate resolution and will not have a material adverse effect on the Group's financial position and results of operations. 2.13 Earnings per equity share Basic earnings per equity share is computed by dividing the net profit attributable to the equity holders of the Group by the weighted average number of equity shares outstanding during the period. Diluted earnings per equity share is computed by dividing the net profit attributable to the equity holders of the Group by the weighted", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 144, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aaa868fab3383ed8"}, {"chunk_id": "5d0e9d61eabdba0d", "content": "outstanding during the period. Diluted earnings per equity share is computed by dividing the net profit attributable to the equity holders of the Group by the weighted average number of equity shares considered for deriving basic earnings per equity share and also the weighted average number of equity shares that could have been issued upon conversion of all dilutive potential equity shares. The dilutive potential equity shares are adjusted for the proceeds receivable had the equity shares been actually issued at fair value (i.e. the average market value of the outstanding equity shares). Dilutive potential equity shares are deemed converted as at the beginning of the period, unless issued at a later date. Dilutive potential equity shares are determined independently for each period presented. The number of equity shares and potentially dilutive equity shares are adjusted retrospectively for all periods presented for any share splits and bonus shares issues including for changes effected prior to the approval of the financial statements by the Board of Directors. Particulars Three months ended March 31, Year ended March 31, 2025 2024 2025 2024 7,033                       7,969                       26,713                    26,233 Profit attributable to equity holders of the Company (In ₹ Crores) Basic earnings per equity share - weighted average number of equity shares outstanding(1)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 144, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aaa868fab3383ed8"}, {"chunk_id": "88c54a6f6ab7b6cb", "content": "Profit attributable to equity holders of the Company (In ₹ Crores) Basic earnings per equity share - weighted average number of equity shares outstanding(1) 4,142,429,577          4,139,432,133           4,141,611,738         4,138,568,090 Basic earnings per equity share (₹) 16.98                       19.25                         64.50                      63.39 The following is a reconciliation of the equity shares used in the computation of basic and diluted earnings per equity share: Particulars Three months ended March 31, Year ended March 31, Profit attributable to equity holders of the Company (In ₹ Crores) 2025 2024 2025 2024 7,033                       7,969                       26,713                    26,233 Basic earnings per equity share - weighted average number of equity shares outstanding(1) 4,142,429,577          4,139,432,133           4,141,611,738         4,138,568,090 Effect of dilutive common equivalent shares - share options outstanding Diluted earnings per equity share - weighted average number of equity shares and common equivalent shares outstanding 9,107,744                 5,620,237                10,439,446               6,112,335 4,151,537,321          4,145,052,370           4,152,051,184         4,144,680,425 Diluted earnings per equity share (₹) 16.94                       19.22                         64.34                      63.29 (1) excludes treasury shares", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 144, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aaa868fab3383ed8"}, {"chunk_id": "7ff46b9ceb264b6a", "content": "Diluted earnings per equity share (₹) 16.94                       19.22                         64.34                      63.29 (1) excludes treasury shares For the three months ended March 31, 2025 and March 31, 2024, there were 14,270 and 4,36,473 options to purchase equity shares which had an anti-dilutive effect. For the years ended March 31, 2025 and March 31, 2024, there were 13,931 and 1,19,711 options to purchase equity shares which had an anti-dilutive effect. 2.14 Related party transactions List of related parties: Holdings as at Country Name of subsidiaries March 31, 2025 March 31, 2024 Infosys Technologies (China) Co. Limited (Infosys China)(1) China 100% 100% Infosys Technologies S. de R. L. de C. V. (Infosys Mexico)(1) Mexico 100% 100% Infosys Technologies (Sweden) AB (Infosys Sweden)(1) Sweden 100% 100% Infosys Technologies (Shanghai) Company Limited (Infosys Shanghai)(1) China 100% 100% EdgeVerve Systems Limited (EdgeVerve)(1) India 100% 100% Infosys Austria GmbH(1) Austria 100% 100% Skava Systems Private Limited  (Skava Systems)(1)(35) India - 100% Infosys Chile SpA(1) Chile 100% 100% Infosys Arabia Limited(2)(20) Saudi Arabia 70% 70% Infosys Consulting Ltda.(1) Brazil 100% 100% Infosys Luxembourg S.a.r.l(1) Luxembourg 100% 100% Infosys Americas Inc. (Infosys Americas)(1)(23) U.S. - - Infosys Consulting S.R.L.(2) Argentina 100% 100% Infosys Romania S.r.l. (formerly Infosys Consulting S.R.L. (Romania))(1) Romania 100% 100% Infosys Limited Bulgaria EOOD(1) Bulgaria 100% 100%", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 144, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aaa868fab3383ed8"}, {"chunk_id": "cc97404f60a85861", "content": "U.S. - - Infosys Consulting S.R.L.(2) Argentina 100% 100% Infosys Romania S.r.l. (formerly Infosys Consulting S.R.L. (Romania))(1) Romania 100% 100% Infosys Limited Bulgaria EOOD(1) Bulgaria 100% 100% Infosys Turkey Bilgi Teknolojileri Limited Sirketi(1) Turkey 100% 100% Infosys Germany Holding Gmbh(1) Germany 100% 100% Infosys Automotive and Mobility GmbH & Co. KG(1) Germany 100% 100% Infosys Green Forum(1) India 100% 100% Infosys Business Solutions LLC(1) Qatar 100% 100%", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 144, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aaa868fab3383ed8"}, {"chunk_id": "6addea61fd6316b6", "content": "WongDoody Inc. (1)(37) U.S. - 100% IDUNN Information Technology Private Limited (formerly Danske IT and Support Services India Private Limited (“Danske IT”)) (1)(25) Infosys Public Services, Inc. USA (Infosys Public Services)(1) U.S. 100% 100% Infosys Public Services Canada Inc. (11) Canada 100% 100% Infosys BPM Limited(1) India 100% 100% Infosys BPM UK Limited(3) U.K. 100% 100% Infosys (Czech Republic) Limited s.r.o.(3) Czech Republic 100% 100% Infosys Poland Sp z.o.o(3) Poland 100% 100% Infosys McCamish Systems LLC(3) U.S. 100% 100% Portland Group Pty Ltd(3) Australia 100% 100% Infosys BPO Americas LLC.(3) U.S. 100% 100% Infosys BPM Canada Inc (3)(24)(29) Canada - - Panaya Inc. (Panaya)(1) U.S. 100% 100% Panaya Ltd.(4) Israel 100% 100% Panaya Germany GmbH (4) Germany 100% 100% Brilliant Basics Holdings Limited (Brilliant Basics)(1)(20) U.K. 100% 100% Brilliant Basics Limited (5)(20) U.K. 100% 100% Infosys Consulting Holding AG (1) Switzerland 100% 100% Infosys Management Consulting Pty Limited(6) Australia 100% 100% Infosys Consulting AG(6) Switzerland 100% 100% Infosys Consulting GmbH(6) Germany 100% 100% Infosys Consulting SAS(6) France 100% 100% Infy Consulting B.V.(6) The Netherlands 100% 100% Infosys Consulting (Belgium) NV(6) Belgium 100% 100% Infy Consulting Company Ltd(6) U.K. 100% 100% GuideVision s.r.o.(7) Czech Republic 100% 100% GuideVision Deutschland GmbH(8) Germany 100% 100% GuideVision Suomi Oy(8) Finland 100% 100% GuideVision Magyarország Kft(8) Hungary 100% 100% GuideVision Polska Sp. z.o.o(8) Poland 100% 100% GuideVision UK Ltd(8)(20) U.K. 100% 100%", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 147, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d51f4435a2997c1e"}, {"chunk_id": "7f2027b1eee84b97", "content": "100% 100% GuideVision Deutschland GmbH(8) Germany 100% 100% GuideVision Suomi Oy(8) Finland 100% 100% GuideVision Magyarország Kft(8) Hungary 100% 100% GuideVision Polska Sp. z.o.o(8) Poland 100% 100% GuideVision UK Ltd(8)(20) U.K. 100% 100% Infosys Nova Holdings LLC. (Infosys Nova)(1) U.S. 100% 100% Outbox systems Inc. dba Simplus (US)(9)(38) U.S. - 100% Simplus ANZ Pty Ltd.(9) Australia 100% 100% Simplus Australia Pty Ltd(10) Australia 100% 100% Simplus Philippines, Inc.(9) Philippines 100% 100% Kaleidoscope Animations, Inc.(9)(38) U.S. - 100% Kaleidoscope Prototyping LLC(17)(27) U.S. - - Blue Acorn iCi Inc (formerly Beringer Commerce Inc)(9)(38) U.S. - 100% Infosys Singapore Pte. Ltd. (formerly Infosys Consulting Pte. Ltd.)(1) Singapore 100% 100% Infosys Financial Services GmbH. (formerly Panaya GmbH) (12) Germany 100% 100% Infosys South Africa (Pty) Ltd(12) South Africa 100% 100% Infosys (Malaysia) SDN. BHD. (formerly Global Enterprise International (Malaysia) Sdn. Bhd.)(12) Malaysia 100% 100% Infosys Middle East FZ LLC (12) Dubai 100% 100% Infosys Norway (12) Norway 100% 100% Infosys Compaz Pte. Ltd (13) Singapore 60% 60% HIPUS Co., Ltd(13) Japan 81% 81% Fluido Oy (12) Finland 100% 100% Fluido Sweden AB (14) Sweden 100% 100% Fluido Norway A/S(14) Norway 100% 100% Fluido Denmark A/S(14) Denmark 100% 100% Fluido Slovakia s.r.o(14) Slovakia 100% 100% Infosys Fluido UK, Ltd.(14) U.K. 100% 100% Infosys Fluido Ireland, Ltd.(15) Ireland 100% 100% Stater N.V.(13) The Netherlands 75% 75% Stater Nederland B.V.(16) The Netherlands 75% 75% Stater XXL B.V.(16) The Netherlands 75% 75%", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 147, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d51f4435a2997c1e"}, {"chunk_id": "1a02687359406d9c", "content": "100% 100% Infosys Fluido UK, Ltd.(14) U.K. 100% 100% Infosys Fluido Ireland, Ltd.(15) Ireland 100% 100% Stater N.V.(13) The Netherlands 75% 75% Stater Nederland B.V.(16) The Netherlands 75% 75% Stater XXL B.V.(16) The Netherlands 75% 75% HypoCasso B.V.(16) The Netherlands 75% 75% Stater Participations B.V.(28) The Netherlands - - Stater Belgium N.V./S.A.(16)(28) Belgium 75% 75% Infosys Germany GmbH (formerly Kristall 247. GmbH (“Kristall”))(12) Germany 100% 100% Wongdoody Gmbh (formerly known as oddity GmbH) (18) Germany 100% 100% WongDoody (Shanghai) Co. Limited (formerly known as oddity (Shanghai) Co., Ltd.) (19) China 100% 100% WongDoody limited  (Taipei) (formerly known as oddity Limited (Taipei)) (19) Taiwan 100% 100% oddity space GmbH (18)(26) Germany - - oddity jungle GmbH  (18)(26) Germany - - oddity code GmbH (18)(26) Germany - - WongDoody d.o.o (formerly known as oddity code d.o.o) (19)(26) Serbia 100% 100% oddity waves GmbH (18)(26) Germany - - oddity group services GmbH (18)(26) Germany - - BASE life science A/S (12) Denmark 100% 100% BASE life science AG (21) Switzerland 100% 100% BASE life science GmbH (21) Germany 100% 100% BASE life science S.A.S (21) France 100% 100% BASE life science Ltd. (21) U.K. 100% 100% BASE life science S.r.l. (21) Italy 100% 100% Innovisor Inc.(21) U.S. 100% 100% BASE life science Inc.(21) U.S. 100% 100% BASE life science S.L.(21) Spain 100% 100% InSemi Technology Services Private Limited (30) India 100% - Elbrus Labs Private Limited (30)(22) India 100% - Infosys Services (Thailand) Limited (1)(32) Thailand 100% -", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 147, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d51f4435a2997c1e"}, {"chunk_id": "bfb19ebd528f4615", "content": "100% BASE life science S.L.(21) Spain 100% 100% InSemi Technology Services Private Limited (30) India 100% - Elbrus Labs Private Limited (30)(22) India 100% - Infosys Services (Thailand) Limited (1)(32) Thailand 100% - Infy tech SAS (12)(31) France 100% - in-tech GmbH (33) Germany 100% - in-tech Holding GmbH (33)(39) Germany - - Friedrich & Wagner Asia Pacific GmbH (33)(39) Germany - - drivetech Fahrversuch GmbH (33) Germany 100% - ProIT (33) Romania 100% - in-tech Automotive Engineering de R.L. de C.V (33)(20) Mexico 100% - Friedrich Wagner Holding Inc.(33)(20) U.S. 100% - in-tech Automotive Engineering SL (33) Spain 100% - in-tech Automotive Engineering LLC (33)(36) U.S. - - in-tech Services LLC (33)(36) U.S. - - in-tech Engineering s.r.o (33) Czech Republic 100% - in-tech Engineering GmbH (33) Austria 100% - in-tech Engineering services S.R.L (33) Romania 100% - in-tech Group Ltd (33) U.K. 100% - In-tech Automotive Engineering Shenyang Co. Ltd (33) China 100% - in-tech Group India Private Ltd (33) India - - In-tech Automotive Engineering Bejing Co., Ltd (33) China 100% - Blitz 24-893 SE (34) Germany 100% - Infosys Limited SPC (1)(40) Oman 100% - Infosys BPM Netherlands B.V. (3)(41) The Netherlands 100% - In-tech Automotive Engineering Bejing Co., Ltd (34) China 100% - Blitz 24-893 SE (35) Germany 100% - (1) Wholly-owned subsidiary of Infosys Limited (2) Majority owned and controlled subsidiary of Infosys Limited (3) Wholly-owned subsidiary of Infosys BPM Limited", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 147, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d51f4435a2997c1e"}, {"chunk_id": "ea55011d2357915e", "content": "China 100% - Blitz 24-893 SE (35) Germany 100% - (1) Wholly-owned subsidiary of Infosys Limited (2) Majority owned and controlled subsidiary of Infosys Limited (3) Wholly-owned subsidiary of Infosys BPM Limited (4) Wholly-owned subsidiary of Panaya Inc. (5) Wholly-owned subsidiary of Brilliant Basics Holding Limited. (6) Wholly-owned subsidiary of Infosys Consulting Holding AG (7)Wholly-owned subsidiary of  Infy Consulting Company Limited (9) Wholly-owned subsidiary of  Infosys Nova Holdings LLC (8)Wholly-owned subsidiary of GuideVision s.r.o. (10) Wholly-owned subsidiary of Simplus ANZ Pty Ltd (11)Wholly-owned subsidiary of Infosys Public Services, Inc. (12) Wholly-owned subsidiary of Infosys Singapore Pte. Ltd. (formerly Infosys Consulting Pte. Ltd.) (13)Majority owned and controlled subsidiary of Infosys Singapore Pte. Ltd. (formerly Infosys Consulting Pte. Ltd.) (14)Wholly-owned subsidiary of Fluido Oy (15)Wholly-owned subsidiary of Infosys Fluido UK, Ltd. (17) Wholly-owned subsidiary of Kaleidoscope Animations, Inc. (18)Wholly-owned subsidiary of Infosys Germany GmbH (formerly Kristall 247. GmbH (“Kristall”)) (19) Wholly-owned subsidiary of Wongdoody Gmbh (formerly known as oddity GmbH) (20) Under liquidation (21) Wholly-owned subsidiary of BASE life science A/S (22) Wholly-owned subsidiary of InSemi Technology Services Private Limited (23) Liquidated effective July 14, 2023 (24)  Incorporated on August 11, 2023", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 147, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d51f4435a2997c1e"}, {"chunk_id": "d9712bdd5a978481", "content": "(21) Wholly-owned subsidiary of BASE life science A/S (22) Wholly-owned subsidiary of InSemi Technology Services Private Limited (23) Liquidated effective July 14, 2023 (24)  Incorporated on August 11, 2023 (25) On September 1, 2023 Infosys Ltd. acquired 100% of voting interests in IDUNN Information Technology Private Limited (formerly Danske IT and Support Services India Private Limited (“Danske IT”))", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 147, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d51f4435a2997c1e"}, {"chunk_id": "835ac182b1b69b3a", "content": "(26) On September 29, 2023, oddity space GmbH, oddity waves GmbH, oddity jungle GmbH, oddity group services GmbH and oddity code GmbH merged into WongDoody GmbH and oddity code d.o.o which was formerly a subsidiary of oddity code Gmbh has become a subsidiary of Wongdoody Gmbh (formerly known as oddity GmbH). (27)  Kaleidoscope Prototyping LLC, a Wholly-owned subsidiary of Kaleidoscope Animations is liquidated effective November 1, 2023 (28) On November 24, 2023 Stater Participations B.V (Wholly-owned subsidiary of Stater N.V) merged with Stater N.V and Stater Belgium N.V./S.A which was formerly a wholly owned subsidiary of Stater Participations B.V. became a wholly owned subsidiary of Stater N.V. (29) On March 15, 2024 Infosys BPM Canada Inc., a Wholly-owned subsidiary of Infosys BPM Limited got dissolved. (30) On May 10, 2024 Infosys Ltd. acquired 100% of voting interests in InSemi Technology Services Private Limited along with its subsidiary Elbrus Labs Private Limited (31) Incorporated on July 03, 2024 (32) Incorporated on July 26, 2024 (33) On July 17, 2024, Infosys Germany GmbH, a wholly owned subsidiary of Infosys Singapore Pte. Limited, acquired 100% of voting interests in in-tech Holding GmbH along with its subsidiary in-tech GmbH along with its six subsidiaries in-tech Automotive Engineering SL, ProIT, in-tech Automotive Engineering de R.L. de C.V,", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 149, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d286a25c8bff4b64"}, {"chunk_id": "0e808c2cee94079d", "content": "along with its subsidiary in-tech GmbH along with its six subsidiaries in-tech Automotive Engineering SL, ProIT, in-tech Automotive Engineering de R.L. de C.V, drivetech Fahrversuch GmbH, Friedrich Wagner Holding Inc along with its two subsidiaries (in-tech Automotive Engineering LLC and in-tech Services LLC) and Friedrich & Wagner Asia Pacific GmbH along with its five subsidiaries in-tech engineering s.r.o, in-tech engineering GmbH, in-tech engineering services S.R.L, in-tech Group Ltd along with its subsidiary (in-tech Group India Private Limited) and In-tech Automotive Engineering Shenyang Co., Ltd along with its subsidiary (In-tech Automotive Engineering Bejing Co., Ltd). Subsequently on September 01, 2024 in-tech Group India Private Limited became a wholly-owned subsidiary of Infosys limited. (34) On October 17, 2024, Infosys Singapore Pte Ltd. acquired 100% of voting interests in Blitz 24-893 SE (35) Liquidated effective November 14, 2024 (36) Liquidated effective November 30, 2024 (37) WongDoody Inc, a wholly-owned subsidiary of Infosys limited merged into Infosys Nova Holdings LLC effective January 1, 2025 (38) Kaleidoscope Animations, Blue Acorn iCi Inc and Outbox systems Inc. dba Simplus (US) merged into Infosys Nova Holdings LLC effective January 1,2025 (39) in-tech Holding GmbH and Friedrich & Wagner Asia Pacific GmbH merged into in-tech GmbH effective January 1,2025", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 149, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d286a25c8bff4b64"}, {"chunk_id": "f3b6c3e64c26034a", "content": "(39) in-tech Holding GmbH and Friedrich & Wagner Asia Pacific GmbH merged into in-tech GmbH effective January 1,2025 (40) Incorporated on December 12, 2024 (41) Incorporated on March 20, 2025 Nature of relationship Infosys Limited Employees' Gratuity Fund Trust India Post-employment benefit plan of Infosys Infosys Limited Employees' Provident Fund Trust India Post-employment benefit plan of Infosys Infosys Limited Employees' Superannuation Fund Trust India Post-employment benefit plan of Infosys Infosys BPM Limited Employees' Superannuation Fund Trust India Post-employment benefit plan of Infosys BPM Infosys BPM Limited Employees' Gratuity Fund Trust India Post-employment benefit plan of Infosys BPM EdgeVerve Systems Limited Employees' Gratuity Fund Trust India Post-employment benefit plan of EdgeVerve EdgeVerve Systems Limited Employees' Superannuation Fund Trust India Post-employment benefit plan of EdgeVerve Infosys Employees Welfare Trust India Controlled trust Infosys Employee Benefits Trust India Controlled trust Infosys Science Foundation India Controlled trust Infosys Expanded Stock Ownership Trust India Controlled trust Infosys Foundation (1) India Trust jointly controlled by KMPs Refer to Note 2.22 for information on transactions with post-employment benefit plans mentioned above. (1) During the year ended March 31, 2025 and March 31, 2024, the Group contributed ₹434 crore and ₹408 crore, respectively towards CSR. List of key management personnel", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 149, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d286a25c8bff4b64"}, {"chunk_id": "e8f5b5c2f16bf67a", "content": "(1) During the year ended March 31, 2025 and March 31, 2024, the Group contributed ₹434 crore and ₹408 crore, respectively towards CSR. List of key management personnel Salil Parekh, Chief Executive Officer and Managing Director Non-whole-time Directors Micheal Gibbs Bobby Parikh Helene Auriol Potier (appointed as independent director effective May 26, 2023) Nitin Paranjpe (appointed as an additional and independent director effective January 1, 2024) Uri Levine (retired as independent director effective April 19, 2023) Inderpreet Sawhney, Chief Legal Officer and Chief Compliance Officer Jayesh Sanghrajka (appointed as Chief Financial Officer effective April 1, 2024) Nilanjan Roy (resigned as Chief Financial Officer of the Company effective March 31, 2024) Shaji Mathew , Chief Human Resources Officer Mohit Joshi (resigned as President effective March 11, 2023 and was on leave till June 9, 2023 which was his last date with the Company) Transactions with key management personnel The table below describes the compensation to key management personnel which comprise directors and executive officers: (In ₹ crore) Particulars Three months ended March 31, Year ended March 31, Salaries and other short term employee benefits to whole-time directors and executive officers(1)(2) 33                            30                            118                         113 Commission and other benefits to non-executive/ independent directors", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 149, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d286a25c8bff4b64"}, {"chunk_id": "38df0c7392d20519", "content": "executive officers(1)(2) 33                            30                            118                         113 Commission and other benefits to non-executive/ independent directors 5                              5                              19                           17 Total 38                            35                            137 130 (1)For the three months ended March 31, 2025 and March 31, 2024, includes a charge of ₹18 crore and ₹17 crore respectively, towards employee stock compensation expense. For the year ended March 31, 2025 and March 31, 2024, includes a charge of ₹70 crore and ₹68 crore respectively, towards employee stock compensation expense. (Refer to note 2.11). (2)Does not include post-employment benefits and other long-term benefits based on actuarial valuation as these are done for the Company as a whole. 2.15 Segment reporting IFRS 8 Operating Segments establishes standards for the way that public business enterprises report information about operating segments and related disclosures about products and services, geographic areas, and major customers. The Group's operations predominantly relate to providing end-to-end business solutions to enable clients to enhance business performance. The Chief Operating Decision Maker (CODM) evaluates the Group's performance and allocates resources based on an analysis of various performance indicators by business segments.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 149, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d286a25c8bff4b64"}, {"chunk_id": "d41edd1a97e46244", "content": "The Chief Operating Decision Maker (CODM) evaluates the Group's performance and allocates resources based on an analysis of various performance indicators by business segments. Accordingly, information has been presented along business segments. The accounting principles used in the preparation of the financial statements are consistently applied to record revenue and expenditure in individual segments, and are as set out in the accounting policies.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 149, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d286a25c8bff4b64"}, {"chunk_id": "3fa232c3f04d25f2", "content": "Business segments of the Group are primarily enterprises in Financial Services and Insurance, enterprises in Manufacturing, enterprises in Retail, Consumer Packaged Goods and Logistics, enterprises in the Energy, Utilities, Resources and Services, enterprises in Communication, Telecom OEM and Media, enterprises in Hi-Tech, enterprises in Life Sciences and Healthcare and all other segments. The Financial services reportable segments has been aggregated to include the Financial Services operating segment and Finacle operating segment because of the similarity of the economic characteristics. All other segments represents the operating segments of businesses in India, Japan, China, Infosys Public Services & other enterprises in Public Services. Revenue and identifiable operating expenses in relation to segments are categorized based on items that are individually identifiable to that segment. Revenue for 'all other segments' represents revenue generated by Infosys Public Services and revenue generated from customers located in India, Japan and China and other enterprises in Public services. Allocated expenses of segments include expenses incurred for rendering services from the Group's offshore software development centers and on-site expenses, which are categorized in relation to the associated efforts of the segment. Certain expenses such as depreciation and amortization, which form a significant", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 151, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "49432c2c20969887"}, {"chunk_id": "f04ab5d233256dc1", "content": "expenses, which are categorized in relation to the associated efforts of the segment. Certain expenses such as depreciation and amortization, which form a significant component of total expenses, are not specifically allocable to specific segments as the underlying assets are used interchangeably. The Management believes that it is not practical to provide segment disclosures relating to those costs and expenses, and accordingly these expenses are separately disclosed as \"unallocated\" and adjusted against the total income of the Group. Assets and liabilities used in the Group's business are not identified to any of the reportable segments, as these are used interchangeably between segments. The Management believes that it is currently not practicable to provide segment disclosures relating to total assets and liabilities since a meaningful segregation of the available data is onerous. Business segment revenue information is collated based on individual customers invoiced or in relation to which the revenue is otherwise recognized. Disclosure of revenue by geographic locations is given in note 2.16 Revenue from operations. 2.15.1 Business segments (In ₹ crore) Particulars Financial Services(1) Retail(2) Communic Three months ended March 31, 2025 and March 31, 2024 Energy, Utilities, Resources Hi-Tech Life Sciences(4) All other segments(5) Revenue", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 151, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "49432c2c20969887"}, {"chunk_id": "09db6e1dd449deb0", "content": "2.15.1 Business segments (In ₹ crore) Particulars Financial Services(1) Retail(2) Communic Three months ended March 31, 2025 and March 31, 2024 Energy, Utilities, Resources Hi-Tech Life Sciences(4) All other segments(5) Revenue 11,614        5,440          4,798          5,308         6,527         3,397        2,765           1,076        40,925 10,010       5,429          4,666          5,068        5,589        3,316       2,762          1,083       37,923 Identifiable operating expenses 6,665        2,736          3,074          2,771         4,182         2,005        1,639              613        23,685 6,042       2,591          3,033          2,717        3,656        1,995       1,639             652       22,325 Allocated expenses 2,001        1,064             888             960         1,149            597           509              198          7,366 2,027          974             823             920           852           518          491             209         6,814 Segment Profit 2,948        1,640             836          1,577         1,196            795           617              265          9,874 1,941       1,864             810          1,431        1,081           803          632             222         8,784 Unallocable expenses 1,299 1,163 Operating profit 8,575 7,621 Other income, net 1,190 2,729 Finance cost 102 110 Profit before income taxes 9,663 10,240 Income tax expense 2,625 2,265 Net profit 7,038 7,975 Depreciation and amortization 1,299 1,163", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 151, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "49432c2c20969887"}, {"chunk_id": "e982d5eec95df644", "content": "1,299 1,163 Operating profit 8,575 7,621 Other income, net 1,190 2,729 Finance cost 102 110 Profit before income taxes 9,663 10,240 Income tax expense 2,625 2,265 Net profit 7,038 7,975 Depreciation and amortization 1,299 1,163 Non-cash expenses other than depreciation and amortization - - (1)  Financial Services include enterprises in Financial Services and Insurance (2)  Retail includes enterprises in Retail, Consumer Packaged Goods and Logistics (3)  Communication includes enterprises in Communication, Telecom OEM and Media (4)  Life Sciences includes enterprises in Life sciences and Health care (5)  Others include operating segments of businesses in India, Japan, China, Infosys Public Services & other enterprises in Public Services Year ended March 31, 2025 and March 31, 2024 Particulars Financial Services(1) Retail(2) Communic Energy, Utilities, Resources Hi-Tech Life Sciences(4) All other segments(5) Revenue 45,175      22,059        19,108        21,710       25,207       13,090      11,831           4,810      162,990 42,158     22,504        17,991        20,035      22,298      12,411     11,515          4,758     153,670 Identifiable operating expenses 25,871      10,931        12,420        11,882       16,167         7,592        7,166           2,986        95,015 24,782     11,704        11,071        10,838      14,596        7,232       6,716          2,938       89,877 Allocated expenses", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 151, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "49432c2c20969887"}, {"chunk_id": "e21207bfe404a720", "content": "24,782     11,704        11,071        10,838      14,596        7,232       6,716          2,938       89,877 Allocated expenses 8,205        3,995          3,347          3,731         4,184         2,278        2,002              997        28,739 Segment Profit 11,099        7,133          3,341          6,097         4,856         3,220        2,663              827        39,236 8,052       3,918          3,232          3,674        3,505        2,026       1,901          1,060       27,368 9,324       6,882          3,688          5,523        4,197        3,153       2,898             760       36,425 Unallocable expenses 4,812 4,678 Operating profit 34,424 31,747 Other income, net 3,600 4,711 Finance cost 416 470 Profit before income taxes 37,608 35,988 Income tax expense 10,858 9,740 Net profit 26,750 26,248 Depreciation and amortization 4,812 4,678 Non-cash expenses other than depreciation and amortization - - (1)  Financial Services include enterprises in Financial Services and Insurance (2)  Retail includes enterprises in Retail, Consumer Packaged Goods and Logistics (3)  Communication includes enterprises in Communication, Telecom OEM and Media (4)  Life Sciences includes enterprises in Life sciences and Health care (5)  Others include operating segments of businesses in India, Japan, China, Infosys Public Services & other enterprises in Public Services 2.15.2 Significant clients", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 151, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "49432c2c20969887"}, {"chunk_id": "74a0daa07949be71", "content": "(5)  Others include operating segments of businesses in India, Japan, China, Infosys Public Services & other enterprises in Public Services 2.15.2 Significant clients No client individually accounted for more than 10% of the revenues for the three months and year ended March 31, 2025 and March 31, 2024, respectively. 2.16 Revenue from Operations", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 151, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "49432c2c20969887"}, {"chunk_id": "4e6da54726e7c8fd", "content": "The Group derives revenues primarily from IT services comprising software development and related services, cloud and infrastructure services, maintenance, consulting and package implementation, licensing of software products and platforms across the Group’s core and digital offerings (together called as “software related services”) and business process management services. Contracts with customers are either on a time-and-material, unit of work, fixed-price or on a fixed-time frame basis. Revenues from customer contracts are considered for recognition and measurement when the contract has been approved in writing by the parties, to the contract, the parties to contract are committed to perform their respective obligations under the contract, and the contract is legally enforceable. Revenue is recognized upon transfer of control of promised products or services (“performance obligations”) to customers in an amount that reflects the consideration the Group has received or expects to receive in exchange for these products or services (“transaction price”). When there is uncertainty as to collectability, revenue recognition is postponed until such uncertainty is resolved. The Group assesses the services promised in a contract and identifies distinct performance obligations in the contract. The Group allocates the transaction price to each distinct performance obligation", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 151, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d4828aca9efa6e3d"}, {"chunk_id": "cb673f581a89ec55", "content": "The Group assesses the services promised in a contract and identifies distinct performance obligations in the contract. The Group allocates the transaction price to each distinct performance obligation based on the relative standalone selling price. The price that is regularly charged for an item when sold separately is the best evidence of its standalone selling price. In the absence of such evidence, the primary method used to estimate standalone selling price is the expected cost plus a margin, under which the Group estimates the cost of satisfying the performance obligation and then adds an appropriate margin based on similar services. The Group’s contracts may include variable consideration including rebates, volume discounts and penalties. The Group includes variable consideration as part of transaction price when there is a basis to reasonably estimate the amount of the variable consideration and when it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is resolved. Revenue on time-and-material and unit of work based contracts, are recognized as the related services are performed. Fixed price maintenance revenue is recognized ratably either on a straight-line", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 151, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d4828aca9efa6e3d"}, {"chunk_id": "45e2914fc60870f0", "content": "Revenue on time-and-material and unit of work based contracts, are recognized as the related services are performed. Fixed price maintenance revenue is recognized ratably either on a straight-line basis when services are performed through an indefinite number of repetitive acts over a specified period or ratably using a percentage of completion method when the pattern of benefits from the services rendered to the customer and Group’s costs to fulfil the contract is not even through the period of contract because the services are generally discrete in nature and not repetitive. Revenue from other fixed-price, fixed-timeframe contracts, where the performance obligations are satisfied over time is recognized using the percentage-of-completion method. Efforts or costs expended are used to determine progress towards completion as there is a direct relationship between input and productivity. Progress towards completion is measured as the ratio of costs or efforts incurred to date (representing work performed) to the estimated total costs or efforts. Estimates of transaction price and total costs or efforts are continuously monitored over the term of the contracts and are recognized in net profit in the period when these estimates change or when the estimates are revised. Revenues and the estimated total costs or efforts are subject to revision as the contract progresses.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 151, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d4828aca9efa6e3d"}, {"chunk_id": "478862175a3bde6b", "content": "recognized in net profit in the period when these estimates change or when the estimates are revised. Revenues and the estimated total costs or efforts are subject to revision as the contract progresses. Provisions for estimated losses, if any, on incomplete contracts are recorded in the period in which such losses become probable based on the estimated efforts or costs to complete the contract. The billing schedules agreed with customers include periodic performance based billing and / or milestone based progress billings. Revenues in excess of billing are classified as unbilled revenue while billing in excess of revenues are classified as contract liabilities (which we refer to as unearned revenues). In arrangements for software development and related services and maintenance services, by applying the revenue recognition criteria for each distinct performance obligation, the arrangements with customers generally meet the criteria for considering software development and related services as distinct performance obligations. For allocating the transaction price, the Group measures the revenue in respect of each performance obligation of a contract at its relative standalone selling price. The price that is regularly charged for an item when sold separately is the best evidence of its standalone selling price.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 151, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d4828aca9efa6e3d"}, {"chunk_id": "ab7e837638edddaf", "content": "The price that is regularly charged for an item when sold separately is the best evidence of its standalone selling price. In cases where the Group is unable to determine the standalone selling price, the Group uses the expected cost plus margin approach in estimating the standalone selling price. For software development and related services, the performance obligations are satisfied as and when the services are rendered since the customer generally obtains control of the work as it progresses. Certain cloud and infrastructure services contracts include multiple elements which may be subject to other specific accounting guidance, such as leasing guidance. These contracts are accounted in accordance with such specific accounting guidance. In such arrangements where the Group is able to determine that hardware and services are distinct performance obligations, it allocates the consideration to these performance obligations on a relative standalone selling price basis. In the absence of standalone selling price, the Group uses the expected cost-plus margin approach in estimating the standalone selling price. When such arrangements are considered as a single performance obligation, revenue is recognized over the period and measure of progress is determined based on promise in the contract.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 151, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d4828aca9efa6e3d"}, {"chunk_id": "544a182945f2506c", "content": "When such arrangements are considered as a single performance obligation, revenue is recognized over the period and measure of progress is determined based on promise in the contract. Revenue from licenses where the customer obtains a “right to use” the licenses is recognized at the time the license is made available to the customer. Revenue from licenses where the customer obtains a “right to access” is recognized over the access period.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 151, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d4828aca9efa6e3d"}, {"chunk_id": "88e91ec850896551", "content": "Arrangements to deliver software products generally have three elements: license, implementation and Annual Technical Services (ATS). When implementation services are provided in conjunction with the licensing arrangement and the license and implementation have been identified as two distinct separate performance obligations, the transaction price for such contracts are allocated to each performance obligation of the contract based on their relative standalone selling prices. In the absence of standalone selling price for implementation, the Group uses the expected cost plus margin approach in estimating the standalone selling price. Where the license is required to be substantially customized as part of the implementation service the entire arrangement fee for license and implementation is considered to be a single performance obligation and the revenue is recognized using the percentage-of-completion method as the implementation is performed. Revenue from client training, support and other services arising due to the sale of software products is recognized as the performance obligations are satisfied. ATS revenue is recognized ratably on a straight line basis over the period in which the services are rendered. Contracts with customers includes subcontractor services or third-party vendor equipment or software in certain integrated services arrangements. In these types of arrangements, revenue from sales of", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 152, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7b4905be365fa31a"}, {"chunk_id": "d8bd089b36a363b9", "content": "Contracts with customers includes subcontractor services or third-party vendor equipment or software in certain integrated services arrangements. In these types of arrangements, revenue from sales of third-party vendor products or services is recorded net of costs when the Group is acting as an agent between the customer and the vendor, and gross when the Group is the principal for the transaction. In doing so, the Group first evaluates whether it obtains control of the specified goods or services before they are transferred to the customer. The Group considers whether it is primarily responsible for fulfilling the promise to provide the specified goods or services, inventory risk, pricing discretion and other factors to determine whether it controls the specified goods or services and therefore, is acting as a principal or an agent. A contract modification is a change in the scope or price or both of a contract that is approved by the parties to the contract. A contract modification that results in the addition of distinct performance obligations are accounted for either as a separate contract if the additional services are priced at the standalone selling price or as a termination of the existing contract and creation of a new contract if they are not priced at the standalone selling price.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 152, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7b4905be365fa31a"}, {"chunk_id": "873c4bd9a47775fa", "content": "they are not priced at the standalone selling price. If the modification does not result in a distinct performance obligation, it is accounted for as part of the existing contract on a cumulative catch-up basis. The incremental costs of obtaining a contract (i.e., costs that would not have been incurred if the contract had not been obtained) are recognized as an asset if the Group expects to recover them. Certain eligible, nonrecurring costs (e.g. set-up or transition or transformation costs) that do not represent a separate performance obligation are recognized as an asset when such costs (a) relate directly to the contract; (b) generate or enhance resources of the Group that will be used in satisfying the performance obligation in the future; and (c) are expected to be recovered. Capitalized contract costs relating to upfront payments to customers are amortized to revenue and other capitalized costs are amortized to cost of sales over the respective contract life on a systematic basis consistent with the transfer of goods or services to customer to which the asset relates. Capitalized costs are monitored regularly for impairment. Impairment losses are recorded when present value of projected remaining operating cash flows is not sufficient to recover the carrying amount of the capitalized costs.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 152, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7b4905be365fa31a"}, {"chunk_id": "5e190f4ea0466866", "content": "Impairment losses are recorded when present value of projected remaining operating cash flows is not sufficient to recover the carrying amount of the capitalized costs. The Group presents revenues net of indirect taxes in its interim Consolidated Statement of Comprehensive Income. Revenues for the three months and year ended March 31, 2025 and March 31, 2024 is as follows: (In ₹ crore) Particulars Year ended March 31, Three months ended March 31, 2025 2024 2025 2024 Revenue from software services 38,999                       36,064                      155,395                     145,285 Revenue from products and platforms 1,926                         1,859                          7,595                         8,385 Total revenue from operations 40,925                       37,923                      162,990                     153,670 The Group also derives revenues from the sale of products and platforms like Finacle – core banking solution, Edge Suite of products, Panaya platform, Stater digital platform and Infosys McCamish – insurance platform. Disaggregated revenue information Revenue disaggregation by business segments has been included in segment information (Refer note 2.15). The table below presents disaggregated revenues from contracts with customers by geography and contract type.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 152, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7b4905be365fa31a"}, {"chunk_id": "a81bac0a2996f134", "content": "The table below presents disaggregated revenues from contracts with customers by geography and contract type. The Group believes that this disaggregation best depicts how the nature, amount, timing and uncertainty of revenues and cash flows are affected by industry, market and other economic factors. For the three months and year ended March 31, 2025 and March 31, 2024 Three months ended March 31, Particulars Revenues by Geography* 2025 2024 2025 2024 North America 23,344                       22,606                        94,397                       92,411 Europe 12,771                       10,861                        48,595                       42,267 India 1,206                            833                          5,014                         3,881 Rest of the world 3,604                         3,623                        14,984                       15,111 Total 40,925                       37,923                      162,990                     153,670 * Geographical revenues is based on the domicile of customer. The percentage of revenue from fixed-price contracts for the three months ended March 31, 2025 and March 31, 2024 is 54% and 54%, respectively. The percentage of revenue from fixed-price contracts for the year ended March 31, 2025 and March 31, 2024 is 54% and 53%, respectively. Trade Receivables and Contract Balances", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 152, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7b4905be365fa31a"}, {"chunk_id": "54554004c125110b", "content": "The percentage of revenue from fixed-price contracts for the year ended March 31, 2025 and March 31, 2024 is 54% and 53%, respectively. Trade Receivables and Contract Balances The timing of revenue recognition, billings and cash collections results in receivables, unbilled revenue, and unearned revenue on the Group’s Consolidated Balance Sheet. Amounts are billed as work progresses in accordance with agreed-upon contractual terms, either at periodic intervals (e.g., monthly or quarterly) or upon achievement of contractual milestones. The Group’s Receivables are rights to consideration that are unconditional. Unbilled revenues comprising revenues in excess of billings from time and material contracts and fixed price maintenance contracts are classified as financial asset when the right to consideration is unconditional and is due only after a passage of time.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 152, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7b4905be365fa31a"}, {"chunk_id": "ca13a884d49a57d5", "content": "Invoicing to the clients for other fixed price contracts is based on milestones as defined in the contract and therefore the timing of revenue recognition is different from the timing of invoicing to the customers. Therefore, unbilled revenues for other fixed price contracts (contract asset) are classified as non-financial asset because the right to consideration is dependent on completion of contractual milestones. Invoicing in excess of earnings are classified as unearned revenue. Trade receivables and unbilled revenues are presented net of impairment in the consolidated statement of balance sheet. During the year ended March 31, 2025 and March 31, 2024, the Company recognized revenue of ₹5,669 crore and ₹5,432 crore arising from opening unearned revenue as of April 1, 2024 and April 1, 2023 respectively. During the year ended March 31, 2025 and March 31, 2024, ₹4,896 crore and ₹7,023 crore of unbilled revenue pertaining to other fixed price and fixed time frame contracts as of April 1, 2024 and April 1, 2023, respectively has been reclassified to trade receivables upon billing to customers on completion of milestones. Remaining performance obligation disclosure The remaining performance obligation disclosure provides the aggregate amount of the transaction price yet to be recognized as of the end of the reporting period and an explanation as to when the Group expects to recognize these amounts in revenue.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 154, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4dababeabe3895d1"}, {"chunk_id": "9958d36a505dede6", "content": "Group expects to recognize these amounts in revenue. Applying the practical expedient as given in IFRS 15, the Group has not disclosed the remaining performance obligation related disclosures for contracts where the revenue recognized corresponds directly with the value to the customer of the entity's performance completed to date, typically those contracts where invoicing is on time & material basis and unit of work based contracts. Remaining performance obligation estimates are subject to change and are affected by several factors, including terminations, changes in the scope of contracts, periodic revalidations, adjustment for revenue that has not materialized and adjustments for currency fluctuations. The aggregate value of performance obligations that are completely or partially unsatisfied as at March 31, 2025, other than those meeting the exclusion criteria mentioned above, is ₹104,785 crore. Out of this, the Group expects to recognize revenue of around 50.3% within the next one year and the remaining thereafter. The aggregate value of performance obligations that are completely or partially unsatisfied as at March 31, 2024 is ₹90,658 crore. The contracts can generally be terminated by the customers and typically includes an enforceable termination penalty payable by them. Generally, customers have not terminated contracts without cause. (In ₹ crore) Particulars 2.17 Unbilled Revenue March 31, 2025", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 154, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4dababeabe3895d1"}, {"chunk_id": "33d1824aa940aaff", "content": "Generally, customers have not terminated contracts without cause. (In ₹ crore) Particulars 2.17 Unbilled Revenue March 31, 2025 March 31, 2024 Unbilled financial asset (1) 10,214                         9,600 Unbilled non financial asset (2) 4,869                         4,948 Total 15,083                       14,548 (1) Right to consideration is unconditional and is due only after a passage of time. (2) Right to consideration is dependent on completion of contractual milestones. Ordinary shares are classified as equity. Incremental costs directly attributable to the issuance of new ordinary shares, share options and buyback are recognized as a deduction from equity, net of any tax effects. When any entity within the Group purchases the company's ordinary shares, the consideration paid including any directly attributable incremental cost is presented as a deduction from total equity, until they are cancelled, sold or reissued. When treasury shares are sold or reissued subsequently, the amount received is recognized as an increase in equity, and the resulting surplus or deficit on the transaction is transferred to/from Share premium. Retained earnings represent the amount of accumulated earnings of the Group. The amount received in excess of the par value of equity shares has been classified as share premium. Additionally, share-based", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 154, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4dababeabe3895d1"}, {"chunk_id": "0882593f488c0c5c", "content": "Retained earnings represent the amount of accumulated earnings of the Group. The amount received in excess of the par value of equity shares has been classified as share premium. Additionally, share-based compensation recognized in net profit in the interim consolidated statement of comprehensive income is credited to share premium. Amounts have been utilized for bonus issue and share buyback from share premium account. The Special Economic Zone Re-investment reserve has been created out of the profit of the eligible SEZ unit in terms of the provisions of Sec 10AA (1)(ii) of Income Tax Act, 1961. The reserve should be utilized by the Company for acquiring new plant and machinery for the purpose of its business in terms of the provisions of the Sec 10AA (2) of the Income Tax Act, 1961. Capital Redemption Reserve In accordance with section 69 of the Indian Companies Act, 2013, the Company creates capital redemption reserve equal to the nominal value of the shares bought back as an appropriation from general reserve / retained earnings. Cash flow hedge reserve When a derivative is designated as a cash flow hedging instrument, the effective portion of changes in the fair value of the derivative is recognized in other comprehensive income and accumulated in the cash flow hedging reserve. The cumulative gain or loss previously", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 154, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4dababeabe3895d1"}, {"chunk_id": "685407405dca9b42", "content": "recognized in other comprehensive income and accumulated in the cash flow hedging reserve. The cumulative gain or loss previously recognized in the cash flow hedging reserve is transferred to the net profit in the interim consolidated Statement of Comprehensive Income upon the occurrence of the related forecasted transaction. Other components of equity Other components of equity include currency translation, re-measurement of net defined benefit liability/asset, fair value changes of equity instruments fair valued through other comprehensive income, changes on fair valuation of investments, net of taxes. Each holder of equity shares is entitled to one vote per share. The equity shares represented by American Depositary Shares (ADS) carry similar rights to voting and dividends as the other equity shares. Each ADS represents one underlying equity share. In the event of liquidation of the company, the holders of shares shall be entitled to receive any of the remaining assets of the company, after distribution of all preferential amounts. However, no such preferential amounts exist currently, other than the amounts held by irrevocable controlled trusts. The amount distributed will be in proportion to the number of equity shares held by the shareholders. For irrevocable controlled trusts, the corpus would be settled in favor of the beneficiaries.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 154, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4dababeabe3895d1"}, {"chunk_id": "8d9571d39d6077f0", "content": "The amount distributed will be in proportion to the number of equity shares held by the shareholders. For irrevocable controlled trusts, the corpus would be settled in favor of the beneficiaries. There are no voting, dividend or liquidation rights to the holders of options issued under the company's share option plans. 2.18.4 Share capital and share premium The Company has only one class of shares referred to as equity shares having a par value of ₹5/- each. 96,55,927 shares and 10,916,829 shares were held by controlled trust, as at March 31, 2025 and March 31, 2024, respectively. 2.18.5 Capital allocation policy", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 154, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4dababeabe3895d1"}, {"chunk_id": "add48b47af7d8220", "content": "Effective fiscal 2025, the Company expects to continue its policy of returning approximately 85% of the free cash flow cumulatively over a 5- year period through a combination of semi-annual dividends and/or share buyback/ special dividends subject to applicable laws and requisite approvals, if any. Under this policy, the Company expects to progressively increase its annual dividend per share (excluding special dividend if any). Free cash flow is defined as net cash provided by operating activities less capital expenditure as per the consolidated statement of cash flows prepared under IFRS. Dividend and buyback include applicable taxes. The Company’s objective when managing capital is to safeguard its ability to continue as a going concern and to maintain an optimal capital structure so as to maximize shareholder value. In order to maintain or achieve an optimal capital structure, the Company may adjust the amount of dividend payment, return capital to shareholders, issue new shares or buy back issued shares. As of March 31, 2025, the Company has only one class of equity shares and has no debt. Consequent to the above capital structure there are no externally imposed capital requirements. The final dividend on shares is recorded as a liability on the date of approval by the shareholders and interim dividends are recorded as a liability on the date of declaration by the Company's Board of Directors.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 155, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "db1f8ec13bb61f9f"}, {"chunk_id": "c3d14fe480c4cdba", "content": "liability on the date of declaration by the Company's Board of Directors. Income tax consequences of dividends on financial instruments classified as equity will be recognized according to where the entity originally recognized those past transactions or events that generated distributable profits. The Company declares and pays dividends in Indian rupees. Companies are required to pay / distribute dividend after deducting applicable taxes. The remittance of dividends outside India is governed by Indian law on foreign exchange and is also subject to withholding tax at applicable rates. The amount of per share dividend recognized as distribution to equity shareholders is as follows: 2025 2024 2025 2024 Interim dividend for fiscal 2025 -                                -                          21.00 - Special dividend for fiscal 2024 -                                -                            8.00 - Final dividend for fiscal 2024 -                                -                          20.00 - Interim dividend for fiscal 2024 -                                -                                -                          18.00 Final dividend for fiscal 2023 -                                -                                -                          17.50 Particulars Year ended March 31, Three months ended March 31,", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 155, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "db1f8ec13bb61f9f"}, {"chunk_id": "04936083ce8c8225", "content": "Final dividend for fiscal 2023 -                                -                                -                          17.50 Particulars Year ended March 31, Three months ended March 31, During the year ended March 31, 2025, on account of the final and special dividend for fiscal 2024 and interim dividend for fiscal 2025, the Company has incurred a net cash outflow of ₹20,295 crore (excluding dividend paid on treasury shares) The Board of Directors in their meeting held on April 17, 2025 recommended a final dividend of ₹22/- per equity share for the financial year ended March 31, 2025. The payment is subject to the approval of shareholders in the AGM of the Company to be held on June 25, 2025 and if approved, would result in a net cash outflow of approximately ₹9,116 crore (excluding dividend paid on treasury shares). 2.19 Expense by nature 2025 2024 2025 2024 Employee benefit costs 22,015                       20,393                  85,950                  82,620 Depreciation and amortization 1,299                         1,163                    4,812                    4,678 Travelling costs 520                            471                    1,894                    1,759 Consultancy and professional charges 301                            489                    1,655                    1,726 Cost of Software packages for own use 655                            555                    2,467                    2,145", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 155, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "db1f8ec13bb61f9f"}, {"chunk_id": "d3bb868c6d850146", "content": "Cost of Software packages for own use 655                            555                    2,467                    2,145 Third party items bought for service delivery to clients 3,244                         3,132                  13,444                  11,370 Communication costs 147                            147                       620                       677 Cost of technical sub-contractors 3,276                         2,967                  12,937                  12,232 Power and fuel 50                              48                       222                       199 Repairs and maintenance 322                            316                    1,320                    1,278 Rates and taxes 77                              84                       346                       326 Insurance charges 73                              53                       301                       210 Commission to non-whole time directors 5                                5                         18                         16 Branding and marketing expenses 344                            285                    1,223                    1,007 Provision for post-sales client support and other provisions (228)                          (129)                     (110)                         75 Impairment loss recognized / (reversed) on financial assets (53)                            (98)                         48                       121 Particulars", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 155, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "db1f8ec13bb61f9f"}, {"chunk_id": "c2835378455df19c", "content": "Impairment loss recognized / (reversed) on financial assets (53)                            (98)                         48                       121 Particulars Three months ended March 31, Year ended March 31, Contribution towards Corporate Social Responsibility 92                            182                       585                       533 Others 211                            239                       834                       951 32,350                       30,302                128,566                121,923 Total cost of sales, selling and marketing expenses and administrative expenses The table below provides details of break-up of expenses:", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 155, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "db1f8ec13bb61f9f"}, {"chunk_id": "bea49dbc5b4d46ef", "content": "2025 2024 2025 2024 Employee benefit costs 19,849                       18,392                  77,382 74,480 Depreciation and amortization 1,299                         1,163                    4,812 4,678 Travelling costs 353                            328                    1,261 1,243 Cost of technical sub-contractors 3,276                         2,966                  12,934 12,227 Cost of software packages for own use 622                            528                    2,349 2,032 Third party items bought for service delivery to clients 3,244                         3,132                  13,444 11,370 Consultancy and professional charges (145)                            107                         85 293 Communication costs 61                              70                       287 332 Repairs and maintenance 127                            113                       497 445 Provision for post-sales client support and other provisions (228)                          (129)                     (110)                         75 Others 117                              78                       406 238 Total 28,575                       26,748                113,347                107,413 Particulars Three months ended March 31, Selling and marketing expenses Particulars Three months ended March 31, 2025 2024 2025 2024 Employee benefit costs 1,431 1,309 5,720 5,434 Travelling costs 105 86 407 314 Branding and marketing 344 284 1,220 1,001 Communication costs 3 3 10 12", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 156, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3aac1a6942eccb75"}, {"chunk_id": "f5ef4049cf6c4604", "content": "Particulars Three months ended March 31, 2025 2024 2025 2024 Employee benefit costs 1,431 1,309 5,720 5,434 Travelling costs 105 86 407 314 Branding and marketing 344 284 1,220 1,001 Communication costs 3 3 10 12 Consultancy and professional charges 46 31 157 137 Others 28 22 74 75 Total 1,957                         1,735                    7,588                    6,973 Administrative expenses 2025 2024 2025 2024 Employee benefit costs 735 692 2,847 2,706 Consultancy and professional charges 400 351 1,413 1,296 Repairs and maintenance 258 254 1,040 1,001 Power and fuel 50 48 221 199 Communication costs 83 74 323 333 Travelling costs 62 57 226 202 Impairment loss recognized/(reversed) under expected credit loss model (53) -98 48 121 Rates and taxes 77 84 344 325 Insurance charges 72 54 293 209 Commission to non-whole time directors 5 5 18 16 Contribution towards Corporate Social Responsibility 92 182 585 533 Others (Refer to note 2.6.2) 37 116 273 596 Total 1,818                         1,819                    7,631                    7,537 Year ended March 31, Particulars Three months ended March 31, 2.20 Employee Benefits Gratuity and Pensions The Group provides for gratuity, a defined benefit retirement plan ('the Gratuity Plan') covering eligible employees majorly of Infosys and its Indian subsidiaries. The Gratuity", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 156, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3aac1a6942eccb75"}, {"chunk_id": "0bd81b70888e6e76", "content": "Gratuity and Pensions The Group provides for gratuity, a defined benefit retirement plan ('the Gratuity Plan') covering eligible employees majorly of Infosys and its Indian subsidiaries. The Gratuity Plan provides a lump-sum payment to vested employees at retirement, death, incapacitation or termination of employment, of an amount based on the respective employee's salary and the tenure of employment with the Group. The Company contributes Gratuity liabilities to the Infosys Limited Employees' Gratuity Fund Trust (the Trust). In case of Infosys BPM and EdgeVerve, contributions are made to the Infosys BPM Employees' Gratuity Fund Trust and EdgeVerve Systems Limited Employees' Gratuity Fund Trust, respectively. Trustees administer contributions made to the Trusts and contributions are invested in a scheme with the Life Insurance Corporation of India as permitted by Indian law. The Group operates defined benefit pension plan in certain overseas jurisdictions, in accordance with the local laws. These plans are managed by third party fund managers. The plans provide for periodic payouts after retirement and/or a lumpsum payment as set out in rules of each fund and includes death and disability benefits. The defined benefit plans require contributions which are based on a percentage of salary that varies depending on the age of the respective employees.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 156, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3aac1a6942eccb75"}, {"chunk_id": "fd7fae6d2b18a7f0", "content": "The defined benefit plans require contributions which are based on a percentage of salary that varies depending on the age of the respective employees. Liabilities with regard to these defined benefit plans are determined by actuarial valuation, performed by an external actuary, at each Balance Sheet date using the projected unit credit method. These defined benefit plans expose the Group to actuarial risks, such as longevity risk, interest rate risk and market risk. The Group recognizes the net obligation of a defined benefit plan in its Balance Sheet as an asset or liability. Gains and losses through re-measurements of the net defined benefit liability / (asset) are recognized in other comprehensive income and are not reclassified to profit or loss in subsequent periods. The actual return of the portfolio of plan assets, in excess of the yields computed by applying the discount rate used to measure the defined benefit obligation is recognized in other comprehensive income. The effect of any plan amendments is recognized in net profit in the Interim  Consolidated Statement of Comprehensive Income. Eligible employees of Infosys receive benefits from a provident fund, which is a defined benefit plan. Both the eligible employee and the Company make monthly contributions to the provident fund plan equal to a specified percentage of the covered employee's salary.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 156, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3aac1a6942eccb75"}, {"chunk_id": "91f882556fa50d7b", "content": "Both the eligible employee and the Company make monthly contributions to the provident fund plan equal to a specified percentage of the covered employee's salary. The Company contributes a portion to the Infosys Limited Employees' Provident Fund Trust. The trust invests in specific designated instruments as permitted by Indian law. The remaining portion is contributed to the government administered pension fund. The rate at which the annual interest is payable to the beneficiaries by the trust is being administered by the Government of India. The Company has an obligation to make good the shortfall, if any, between the return from the investments of the trust and the notified interest rate. In respect of Indian subsidiaries, eligible employees receive benefits from a provident fund, which is a defined contribution plan. Both the eligible employee and the respective companies make monthly contributions to this provident fund plan equal to a specified percentage of the covered employee's salary. Amounts collected under the provident fund plan are deposited in a government administered provident fund. The Companies have no further obligation to the plan beyond its monthly contributions. Certain employees of Infosys, Infosys BPM and EdgeVerve are participants in a defined contribution plan. The Group has no further obligations to the plan beyond its monthly", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 156, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3aac1a6942eccb75"}, {"chunk_id": "87705040694cd1d2", "content": "The Group has a policy on compensated absences which are both accumulating and non-accumulating in nature. The expected cost of accumulating compensated absences is determined by actuarial valuation performed by an external actuary at each Balance Sheet date using projected unit credit method on the additional amount expected to be paid/availed as a result of the unused entitlement that has accumulated at the Balance Sheet date. Expense on non-accumulating compensated absences is recognized in the period in which the absences occur. 2.20.1 Gratuity and pensions The following table sets out the details of the defined benefit retirement plans and the amounts recognized in the Group's financial statements as at March 31, 2025 and March 31, 2024: Gratuity Pension As at As at Change in benefit obligations Benefit obligations at the beginning 2,116 1,778 1,020 917 Transfer 5                           29 - 0 Service cost 335 307 52 54 Interest expense 141 121 18 20 Remeasurements - Actuarial (gains) / losses 93 34                           69 24 Past service cost - plan amendments -                              -                              -                        (33) Employee contribution -                              -                             33                       34 Benefits paid (181) (154) (60) (10) Translation difference 2                             1                           51                       14 Benefit obligations at the end", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 158, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "350422089e18abdc"}, {"chunk_id": "6a440a475ec40619", "content": "Benefits paid (181) (154) (60) (10) Translation difference 2                             1                           51                       14 Benefit obligations at the end 2,511 2,116 1,183 1,020 Change in plan assets Fair value of plan assets at the beginning 2,079 1,755 991 870 Transfer -                              -                              - 0 Interest income 151                         127                           19                       20 Remeasurements- Return on plan assets excluding amounts included in interest income 22 18 60 16 March 31, 2025 March 31, 2024 March 31, 2025 March 31, 2024 Employer contribution 656 328 46 51 Employee contribution -                              - 33 34 Benefits paid (176) (149) (60) (10) Translation difference 1 - 48 10 Fair value of plan assets at the end 2,733 2,079 1,137 991 Funded status 222 (37) (46) (29) Defined benefit plan asset (Refer note 2.4) 286 16 11 15 Defined benefit plan liability (Refer note 2.5) (64) (53) (57) (44) Amount for the three months and year ended March 31, 2025 and March 31, 2024 recognized in the Consolidated Statement of Comprehensive income under employee benefit expense: Gratuity Pension Three months ended March 31, Year ended March 31, Three months ended March 31, Year ended March 31, 2025 2024 2025 2024 2025 2024 2025 2024 Service cost 84 78              335              307 13 13                           52                       54 Net interest on the net defined benefit liability/(asset)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 158, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "350422089e18abdc"}, {"chunk_id": "1265f6143bf383d7", "content": "2025 2024 2025 2024 2025 2024 2025 2024 Service cost 84 78              335              307 13 13                           52                       54 Net interest on the net defined benefit liability/(asset) (8)                (4)              (10)                (6) -                              -                             (1)                        - Plan amendments -                   -                   -                   - -                            (8) -                        (33) Net cost 76                74              325              301 13                             5                           51                       21 Amount for the three months and year ended March 31, 2025 and March 31, 2024 recognized in the Consolidated Statement of other comprehensive income: Gratuity Pension Three months ended March 31, Year ended March 31, Three months ended March 31, Year ended March 31, 2025 2024 2025 2024 2025 2024 2025 2024 Remeasurements of the net defined benefit liability/ (asset) Actuarial (gains) / losses 33 14                93 34 18 6                           69                       24 (Return) / loss on plan assets excluding amounts included in the net interest on the net defined benefit liability/(asset) 2                  2              (22) (18) (15) (4)                         (60)                      (16) 35                16                71                16 3                             2 9 8", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 158, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "350422089e18abdc"}, {"chunk_id": "9e9596ed653959a4", "content": "2                  2              (22) (18) (15) (4)                         (60)                      (16) 35                16                71                16 3                             2 9 8 Break up of actuarial (gains)/losses for the three months and year ended March 31, 2025 and March 31, 2024 is as follows: Gratuity Pension Three months ended March 31, Year ended March 31, Three months ended March 31, Year ended March 31, 2025 2024 2025 2024 2025 2024 2025 2024 (Gain)/loss from change in demographic assumptions -                   -                   -                   - -                              -                              -                          - (Gain)/loss from change in financial assumptions 95                  2                38                10 12                             6                           47                       24 (Gain)/loss from  experience adjustment (62)                12                55                24 6 - 22 - 33                14                93                34 18                             6                           69                       24 The gratuity and pension cost recognized in statement of comprehensive income apportioned between cost of sales, selling and marketing expenses and administrative expenses on the basis of direct employee cost is as follows: Gratuity Pension Three months ended March 31, Year ended March 31, Three months ended March 31, Year ended March 31, 2025 2024", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 158, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "350422089e18abdc"}, {"chunk_id": "7adf992ed0d981cc", "content": "on the basis of direct employee cost is as follows: Gratuity Pension Three months ended March 31, Year ended March 31, Three months ended March 31, Year ended March 31, 2025 2024 2025 2024 2025 2024 2025 2024 Cost of sales 69 67 292 271 13 5 46 19 Selling and marketing expenses 5                  5                22                20 -                              -                               3                         1 Administrative expenses 2 2 11 10 -                              - 2 1 76                74              325              301 13                             5                           51                       21 The weighted-average assumptions used to determine benefit obligations as at March 31, 2025 and March 31, 2024 are set out below: Gratuity Pension As at As at Discount rate(1) 6.5% 7.0% 0.9%-3.7% 1.5%-3.4% March 31, 2025 March 31, 2024 March 31, 2025 March 31, 2024 Weighted average duration of defined benefit obligation(3) 5.7 years 5.8 years 13 years 12 years", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 158, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "350422089e18abdc"}, {"chunk_id": "719c9fa89714043f", "content": "Weighted average rate of increase in compensation levels(2) 6.0% 6.0% 1%-3% 1%-3% The weighted-average assumptions used to determine net periodic benefit cost for the three months and year ended March 31, 2025 and March 31, 2024 are set out below: Gratuity Pension Three months ended March 31, Year ended March 31, Three months ended March 31, Year ended March 31, 2025 2024 2025 2024 2025 2024 2025 2024 Discount rate 7.0% 7.1% 7.0% 7.1% 1.5%-3.4% 1.8%-3.8% 1.5%-3.4% 1.8%-3.8% Weighted average rate of increase in compensation levels 6.0% 6.0% 6.0% 6.0% 1%-3% 1%-3% 1%-3% 1%-3% (1)For domestic defined benefit plan in India, the market for high quality corporate bonds being not developed, the yield of government bonds is considered as the discount rate. For most of our overseas defined benefit plan, given that the market for high quality corporate bonds is not developed, the Government bond rate adjusted for corporate spreads is used. (2)The average rate of increase in compensation levels is determined by the Company, considering factors such as, the Company’s past compensation revision trends, inflation in respective markets and management’s estimate of future salary increases. (3)Attrition rate considered is the management’s estimate based on the past long-term trend of employee turnover in the Company. The tenure has been considered taking into", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 160, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0b133dc2aad4caf9"}, {"chunk_id": "a2b45823e35f8d80", "content": "(3)Attrition rate considered is the management’s estimate based on the past long-term trend of employee turnover in the Company. The tenure has been considered taking into account the past long-term trend of employees' average remaining service life which reflects the average estimated term of post-employment benefit obligation. For domestic defined benefit plan in India, assumptions regarding future mortality experience are set in accordance with the published statistics by the Life Insurance Corporation of India. For overseas defined benefit plan, the assumptions regarding future mortality experience are set with regard to the latest statistics in life expectancy, plan experience and other relevant data. The Group assesses these assumptions with its projected long-term plans of growth and prevalent industry standards. The Company contributes all ascertained liabilities towards gratuity to the Infosys Limited Employees' Gratuity Fund Trust. In case of Infosys BPM and EdgeVerve, contributions are made to the Infosys BPM Employees' Gratuity Fund Trust and EdgeVerve Systems Limited Employees Gratuity Fund Trust, respectively. Trustees administer contributions made to the trust as of March 31, 2025 and March 31, 2024, and contributions for gratuity are invested in a scheme with the Life Insurance Corporation of India as permitted by Indian law.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 160, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0b133dc2aad4caf9"}, {"chunk_id": "a863fc7b97761f41", "content": "contributions made to the trust as of March 31, 2025 and March 31, 2024, and contributions for gratuity are invested in a scheme with the Life Insurance Corporation of India as permitted by Indian law. The plan assets of the overseas defined benefit plan have been primarily invested in insurer managed funds and the asset allocation for plan assets is determined based on the investment criteria prescribed under the relevant regulations applicable to pension funds and the insurer managers. The insurers' investments are diversified and provide for guaranteed interest rates arrangements. Actual return on assets (including remeasurements) of the gratuity plan for the three months ended March 31, 2025 and March 31, 2024 were ₹44 crore and ₹35 crore, respectively and for the pension plan were ₹20 crore and ₹9 crore, respectively. Actual return on assets (including remeasurements) of the gratuity plan for the year ended March 31, 2025 and March 31, 2024 were ₹173 crore and ₹145 crore, respectively and for the pension plan were ₹79 crore and ₹36 crore, respectively. The contributions for gratuity are invested in a scheme with the Life Insurance Corporation of India as permitted by Indian law. The table below sets out the details of major plan assets into various categories as at March 31, 2025 and  March 31, 2024: March 31, 2025 March 31, 2024 Equity 34% 34% Bonds 30% 32% Real Estate/Property 26% 26% Cash and Cash Equivalents", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 160, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0b133dc2aad4caf9"}, {"chunk_id": "69c3e7a9dc05ad38", "content": "plan assets into various categories as at March 31, 2025 and  March 31, 2024: March 31, 2025 March 31, 2024 Equity 34% 34% Bonds 30% 32% Real Estate/Property 26% 26% Cash and Cash Equivalents 1% 1% Other 9% 7% These defined benefit plans expose the Group to actuarial risk which are set out below: Interest rate risk: The present value of the defined benefit plan liability is generally calculated using a discount rate determined by reference to government bond yields and in certain overseas jurisdictions, it is calculated in reference to government bond yield adjusted for a corporate spread. If bond yields fall, the defined benefit obligation will tend to increase. Life expectancy and investment risk: The pension fund offers the choice between a lifelong pension and a cash lump sum upon retirement. The pension fund has defined rates for converting the lump sum to a pension and there is the risk that the members live longer than implied by these conversion rates and that the pension assets don’t achieve the investment return implied by these conversion rates. Asset volatility: A proportion of the pension fund is held in equities, which is expected to outperform corporate bonds in the long term but give exposure to volatility and risk in the short term. The pension fund board of insurer is responsible for the investment strategy and equity allocation is justified given the long-term investment horizon of the", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 160, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0b133dc2aad4caf9"}, {"chunk_id": "6e6f2b4ad210c14d", "content": "the short term. The pension fund board of insurer is responsible for the investment strategy and equity allocation is justified given the long-term investment horizon of the pension fund and the objective to provide a reasonable long term return on members’ account balances. Sensitivity of significant assumptions used for valuation of defined benefit obligation: Gratuity Pension 1% point increase (in ₹ crore) As at March 31, 2025 decrease Discount rate 135                       55 135                         6 Weighted average rate of increase in compensation levels Sensitivity to significant actuarial assumptions is computed by varying one actuarial assumption used for the valuation of the defined benefit obligation and keeping all other actuarial assumptions constant. In practice, this is not probable, and changes in some of the assumptions may be correlated. The Group expects to contribute ₹370 crore to gratuity and ₹44 crore to pension during the fiscal 2026. (In ₹ crore) Gratuity Pension Within 1 year 349                       72 333                       70 2-3 year 345                       72 321                       74 4-5 year 289                       75 1,042                     342 Maturity profile of defined benefit obligation: 2.20.2 Provident fund Infosys has an obligation to fund any shortfall on the yield of the trust’s investments over the administered interest rates on an annual basis. These administered rates are", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 160, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0b133dc2aad4caf9"}, {"chunk_id": "07671e02ae748757", "content": "2.20.2 Provident fund Infosys has an obligation to fund any shortfall on the yield of the trust’s investments over the administered interest rates on an annual basis. These administered rates are determined annually predominantly considering the social and economic factors. The actuary has provided a valuation for provident fund liabilities on the basis of guidance issued by Actuarial Society of India. The following tables set out the funded status of the defined benefit provident fund plan of Infosys limited and the amounts recognized in the Group's financial statements as at March 31, 2025 and March 31, 2024: March 31, 2025 March 31, 2024 Change in benefit obligations", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 160, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0b133dc2aad4caf9"}, {"chunk_id": "9bedd721b9aed870", "content": "11,879                10,527 Service cost 952                     880 1,683                  1,652 Interest expense 862                     764 Actuarial (gains) / loss 218                       96 Benefit obligations at the beginning Employee contribution (1,727)                 (2,040) Benefit obligations at the end 13,867                11,879 Change in plan assets Fair value of plan assets at the beginning 11,812                10,184 Interest income 858                     740 245                     234 Employer contribution 1,057                  1,042 Employee contribution 1,683                  1,652 (1,727)                 (2,040) Fair value of plan assets at the end 13,928                11,812 Funded status surplus/(deficit) 61                      (67) Irrecoverable surplus - effect of asset ceiling (61) - Net defined benefit asset/ (liability) (Refer note 2.5) -                        (67) Remeasurements- Return on plan assets excluding amounts included in interest income Amount for the three months and year ended March 31, 2025 and March 31, 2024 recognized in the consolidated statement of comprehensive income: Particulars Three months ended March 31, Year ended March 31, 2025 2024 2025 2024 Service cost 257                         234                         952                     880 1                             6                             4                       24 Net provident fund cost", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 161, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f46cb4f5fb5e4999"}, {"chunk_id": "3cf387ebdb6c0358", "content": "2024 Service cost 257                         234                         952                     880 1                             6                             4                       24 Net provident fund cost 258                         240                         956                     904 Net interest on the net defined benefit liability / asset Amount for the three months and year ended March 31, 2025 and March 31, 2024 recognized in the consolidated statement of other comprehensive income: 2025 2024 2025 2024 Remeasurements of the net defined benefit liability/ (asset) Actuarial (gains) / losses 158                           48                         218                       96 Particulars Three months ended March 31, Year ended March 31, (Return) / loss on plan assets excluding amounts included in the net interest on the net defined benefit liability/(asset) (95)                         (89)                       (245)                    (234) Irrecoverable surplus - effect of asset ceiling 54 -                             61 - 117                         (41)                           34                    (138) The assumptions used in determining the present value obligation of the defined benefit plan under the Deterministic Approach are as follows: March 31, 2025 March 31, 2024 Expected rate of return on plan assets 8.00% 8.20% 6 years 6 years Expected guaranteed interest rate 8.25% 8.25% Government of India (GOI) bond yield (1)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 161, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f46cb4f5fb5e4999"}, {"chunk_id": "4cc097a71d1c5b27", "content": "March 31, 2025 March 31, 2024 Expected rate of return on plan assets 8.00% 8.20% 6 years 6 years Expected guaranteed interest rate 8.25% 8.25% Government of India (GOI) bond yield (1) Remaining term to maturity of portfolio (1) In India, the market for high quality corporate bonds being not developed, the yield of government bonds is considered as the discount rate. The tenure has been considered taking into account the past long-term trend of employees’ average remaining service life which reflects the average estimated term of the post-employment benefit obligation. The breakup of the plan assets into various categories as at March 31, 2025 and March 31, 2024 are as follows: As at March 31, 2025 March 31, 2024 Central and State government bonds 60% 60% 28% 30% Others 12% 10% Public sector undertakings and Private sector bonds The asset allocation for plan assets is determined based on the investment criteria prescribed under the relevant regulations. The actuarial valuation of PF liability exposes the Group to interest rate risk. The defined benefit obligation calculated uses a discount rate based on government bonds. If bond yields fall, the defined benefit obligation will tend to increase. As at March 31, 2025 the defined benefit obligation would be affected by approximately ₹129 crore on account of a 0.25% increase / decrease in the expected rate of return on plan assets.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 161, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f46cb4f5fb5e4999"}, {"chunk_id": "f116bf50e3fe5d1a", "content": "As at March 31, 2025 the defined benefit obligation would be affected by approximately ₹129 crore on account of a 0.25% increase / decrease in the expected rate of return on plan assets. The Group contributed ₹351 crore and ₹315 crore to the provident fund during the three months ended March 31, 2025 and March 31, 2024, respectively. The Group contributed ₹1,323 crore and ₹1,257 crore to the provident fund during the year ended March 31, 2025 and March 31, 2024, respectively. The same has been recognized in the net profit in the consolidated Statement of comprehensive income under the head employee benefit expense. The provident plans are applicable only to employees drawing a salary in Indian rupees. Provident fund contributions have been apportioned between cost of sales, selling and marketing expenses and administrative expenses on the basis of direct employee cost as follows: - 2025 2024 2025 2024 Cost of sales 317                         285                      1,191                  1,133 23                           21                           88                       83 Administrative expenses 11                           10                           44                       41 351                         316                      1,323                  1,257 Particulars Three months ended March 31, Year ended March 31, Selling and marketing expenses 2.20.3 Superannuation", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 161, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f46cb4f5fb5e4999"}, {"chunk_id": "827428bcabd2e7eb", "content": "351                         316                      1,323                  1,257 Particulars Three months ended March 31, Year ended March 31, Selling and marketing expenses 2.20.3 Superannuation The group contributed ₹125 crore and ₹123 crore to the superannuation plan during the three months ended March 31, 2025 and March 31, 2024, respectively. The group contributed ₹512 crore and ₹513 crore to the superannuation plan during the year ended March 31, 2025 and March 31, 2024, respectively and the same has been recognized in the Consolidated Statement of comprehensive income under the head employee benefit expense. Superannuation contribution have been apportioned between cost of sales, selling and marketing expenses and administrative expenses on the basis of direct employee cost as follows: - Three months ended March 31, Year ended March 31, 2025 2024 2025 2024 Cost of sales 113                         111                         461                     462 8                             8                           34                       34 Administrative expenses 4                             4                           17                       17 125                         123                         512                     513 Selling and marketing expenses 2.20.4 Employee benefit costs include: Three months ended March 31, Year ended March 31,", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 161, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f46cb4f5fb5e4999"}, {"chunk_id": "c51e56946ba2e00f", "content": "Salaries and bonus(1) 21,447                    19,897                    83,739                80,532 167                         161                         677                     670 Defined benefit plans 401                         335                      1,534                  1,418 22,015                    20,393                    85,950                82,620 Defined contribution plans (1) Includes an employee stock compensation expense of ₹198 crore and ₹802 crore for the three months and year ended March 31, 2025 respectively and, includes employee stock compensation expense of ₹225 crore and ₹652 crore for the three months and year ended March 31, 2024 respectively (Refer to Note 2.11). The employee benefit cost is recognized in the following line items in the consolidated statement of comprehensive income: - 2025 2024 2025 2024 Cost of sales 19,849                    18,392                    77,382                74,480 1,431                      1,309                      5,720                  5,434 Administrative expenses 735                         692                      2,847                  2,706 22,015                    20,393                    85,949                82,620 Particulars Three months ended March 31, Year ended March 31, Selling and marketing expenses 2.21 Other income, net", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 163, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c6d037672a18dfdb"}, {"chunk_id": "dc74b6a4ed22c88b", "content": "22,015                    20,393                    85,949                82,620 Particulars Three months ended March 31, Year ended March 31, Selling and marketing expenses 2.21 Other income, net Other income is comprised primarily of interest income, dividend income, gain/loss on investment and exchange gain/loss on forward and options contracts and on translation of foreign currency assets and liabilities. Interest income is recognized using the effective interest method. Dividend income is recognized when the right to receive payment is established. Functional currency and presentation currency The functional currency of Infosys, its Indian subsidiaries and controlled trusts is the Indian rupee. The functional currencies for foreign subsidiaries are their respective local currencies. These financial statements are presented in Indian rupees (rounded off to crore; one crore equals ten million). Transactions and translations Foreign-currency denominated monetary assets and liabilities are translated into the relevant functional currency at exchange rates in effect at the Balance Sheet date. The gains or losses resulting from such translations are recognized in the interim Consolidated Statement of Comprehensive Income and reported within exchange gains/ (losses) on translation of assets and liabilities, net, except when deferred in Other Comprehensive Income as qualifying cash flow hedges. Non-", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 163, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c6d037672a18dfdb"}, {"chunk_id": "dd8d412cffe81fe2", "content": "exchange gains/ (losses) on translation of assets and liabilities, net, except when deferred in Other Comprehensive Income as qualifying cash flow hedges. Non- monetary assets and non-monetary liabilities denominated in a foreign currency and measured at fair value are translated at the exchange rate prevalent at the date when the fair value was determined. Non-monetary assets and non-monetary liabilities denominated in a foreign currency and measured at historical cost are translated at the exchange rate prevalent at the date of transaction. The related revenue and expense are recognized using the same exchange rate. Transaction gains or losses realized upon settlement of foreign currency transactions are included in determining net profit for the period in which the transaction is settled. Revenue, expense and cash-flow items denominated in foreign currencies are translated into the relevant functional currencies using the exchange rate in effect on the date of the transaction. The translation of financial statements of the foreign subsidiaries to the presentation currency is performed for assets and liabilities using the exchange rate in effect at the Balance Sheet date and for revenue, expense and cash-flow items using the average exchange rate for the respective periods. The gains or losses resulting from such translation are included in currency translation reserves under other components of equity.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 163, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c6d037672a18dfdb"}, {"chunk_id": "5856ef9e3eee4b99", "content": "The gains or losses resulting from such translation are included in currency translation reserves under other components of equity. When a subsidiary is disposed off, in full, the relevant amount is transferred to net profit in the statement of comprehensive income. However when a change in the parent's ownership does not result in loss of control of a subsidiary, such changes are recorded through equity. Other Comprehensive Income, net of taxes includes translation differences on non-monetary financial assets measured at fair value at the reporting date, such as equities classified as financial instruments and measured at fair value through other comprehensive income (FVOCI). Goodwill and fair value adjustments arising on the acquisition of a foreign entity are treated as assets and liabilities of the foreign entity and translated at the exchange rate in effect at the Balance Sheet date. The Group recognizes government grants only when there is reasonable assurance that the conditions attached to them will be complied with, and the grants will be received. Government grants related to assets are treated as deferred income and are recognized in the net profit in the statement of comprehensive income on a systematic and rational basis over the useful life of the asset. Government grants related to revenue are recognized on a systematic basis in the statement of", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 163, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c6d037672a18dfdb"}, {"chunk_id": "4cc97ba7e0dd576d", "content": "a systematic and rational basis over the useful life of the asset. Government grants related to revenue are recognized on a systematic basis in the statement of comprehensive income over the periods necessary to match them with the related costs which they are intended to compensate. Operating profit of the Group is computed considering the revenues, net of cost of sales, selling and marketing expenses and administrative expenses. Other income for the three months and year ended March 31, 2025 and March 31, 2024 is as follows: Three months ended March 31, 2025 2024 2025 2024 416                    253                 1,523               1,060 305                    318                 1,047               1,007 Gain/(loss) on investments carried at fair value through other comprehensive income -                         -                          2 - 54                      88                    287                  285 Gain/(loss) on investments carried at amortized cost 4 -                          4 - Interest income on income tax refund 328                 1,916                    343               1,965 (70)                    190                  (205)                  100 Interest income on financial assets carried at amortized cost Interest income on financial assets carried at fair value through other comprehensive income Gain/(loss) on investments carried at fair value through profit or loss", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 163, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c6d037672a18dfdb"}, {"chunk_id": "9304e45260efedca", "content": "Interest income on financial assets carried at fair value through other comprehensive income Gain/(loss) on investments carried at fair value through profit or loss Exchange gains / (losses) on translation of other assets and liabilities Exchange gains / (losses) on forward and options contracts 180                   (123)                    464                    87 (27)                      87                    135                  207 1,190                 2,729                 3,600               4,711 for and on behalf of the Board of Directors of Infosys Limited", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 163, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c6d037672a18dfdb"}, {"chunk_id": "93523cb72979b0c0", "content": "Nandan M. Nilekani Salil Parekh Bobby Parikh Chairman Chief Executive Officer Director and Managing Director Jayesh Sanghrajka A.G.S. Manikantha Chief Financial Officer Company Secretary Bengaluru April 17, 2025 [OCR] Deloitte Chartered Accountants Prestige Trade Tower, Level 19 Haskins & Sells LLP 46, Palace Road, High Grounds Bengaluru-560 001 Karnataka, India Tel: +91 80 6188 6000 Fax: +91 80 6188 6011 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF INFOSYS LIMITED Report on the Audit of the Standalone Financial Statements Opinion accompanying standalone financial statements of INFOSYS LIMITED the We have audited (the \"Company\") , which comprise the Balance Sheet as at March 31, 2025, the Statement of Profit and Loss (including Other Comprehensive Income), the Statement of Changes in Equity and the Statement of Cash Flows for the year ended on that date and notes to the financial statements, including of material accounting policies and other summary information (hereinafter \"Standalone explanatory referred the Financial to as Statements\") . In our opinion and to the best of ur information and according to the explanations given to US, the aforesaid Standalone Financial Statements give the information required by the Companies Act, 2013 (the in the manner so required and give a true and fair view Act in conformity with the Indian Accounting Standards prescribed under section 133 of the Act, (\"Ind AS\") and other accounting principles generally accepted in India, of the state 31,", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 165, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "344afd79767927e5"}, {"chunk_id": "c38d5564ac8bdf86", "content": "Act in conformity with the Indian Accounting Standards prescribed under section 133 of the Act, (\"Ind AS\") and other accounting principles generally accepted in India, of the state 31, of affairs of the Company as at March 2025 and its profit; total comprehensive income, flows changes in equity and its cash for the year ended on that date. Basis for Opinion We conducted our audit of the Standalone Financial Statements in accordance with the Auditing (\"SA\"s) specified Standards 143(10) of under section the Act; Our on responsibilities under those Standards further described the Auditor's are in Responsibilities for the Audit of the Standalone Financial Statements section of our report_ We are independent of the Company in accordance with the Code of Ethics issued by the (\"ICAI\") Accountants Institute of Chartered of India ethical together the with requirements that are relevant to our audit of the Standalone Financial Statements under the provisions of the Act and the Rules made thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI's Code of Ethics. We believe that the audit evidence obtained by uS is sufficient and appropriate to provide a basis for our audit opinion on the Standalone Financial Statements_ Key Audit Matters Key audit matters are those matters that, in our professional judgment; were of most significance in our audit of the Standalone Financial Statements of the current period. These", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 165, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "344afd79767927e5"}, {"chunk_id": "b9234a74c320116c", "content": "Key Audit Matters Key audit matters are those matters that, in our professional judgment; were of most significance in our audit of the Standalone Financial Statements of the current period. These matters were addressed in the context of our audit of the Standalone Financial Statements whole, and in forming our opinion thereon, and we do not provide a separate opinion as a on these matters. We have determined the matters described below to be the key audit matters to be communicated in our report: Key Auditor'$ Response Sr, Audit Matter No. Revenue recognition Principal Audit Procedures Performed included the following: The Company's contracts with Our audit procedures related customers to the include multiple   products contracts with (1) identification of distinct performance obligations, The Company derives and services Regd. Office: One International Center; Tower 3,31st floor; Senapati Bapat Marg; Elphinstone Road (West); Mumbai-400 013, Maharashtra, India_ Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identification No: AAB-8737 [OCR] Deloitte Haskins & Sells LLP Key Sr. Auditor's Response Audit Matter No comprising from services (2) determination of whether the IT revenues Company is acting development software and related principal or as services , consulting maintenance , and agent and (3) whether fixed price implementation, is  recognized of maintenance   revenue package licensing software products and platforms across the straight-line basis or using the on", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 165, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "344afd79767927e5"}, {"chunk_id": "6834b7e14f0a974e", "content": "as services , consulting maintenance , and agent and (3) whether fixed price implementation, is  recognized of maintenance   revenue package licensing software products and platforms across the straight-line basis or using the on Company's core and digital offerings and percentage of completion method following, included business process the management among services. Company The the others: services assesses promised and identifies contract in performance   obligations distinct in the We tested the effectiveness of relating contract: Identification of distinct controls to the (a) performance obligations to determine the identification of distinct deliverables and the ability of the customer performance obligations, (b) independently whether benefit determination of such to from the significant deliverables principal Company is acting as involves judgement: or an agent and (c) determination of whether fixed price integrated In revenue for certain certain services maintenance recognized arrangements, contracts with customers contracts is on or   using subcontractor services include third - straight-line basis the or vendor equipment software; In percentage of completion party or these of method . arrangements, types revenue from sales of third-party vendor products We selected a sample of contracts or services is recorded net of costs when acting performed Company agent the is with customers and as an between the customer and the vendor, and the following procedures: gross when the Company is the principal Obtained and read contract documents for each selection , for the transaction; doing In the", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 165, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "344afd79767927e5"}, {"chunk_id": "815911b79bfeca78", "content": "and as an between the customer and the vendor, and the following procedures: gross when the Company is the principal Obtained and read contract documents for each selection , for the transaction; doing In the So, including Company first evaluates whether it obtains service master control of the specified goods service agreements, and other or documents that were part of before it is transferred the to customer considers Company The whether the agreement: is significant fulfilling responsible for Identified terms primarily the promise to provide the specified goods or deliverables and the in service, inventory risk, pricing discretion contract to assess management's and other factors to determine whether it conclusions products and controls the regarding the (i) identification service or performance therefore, of distinct is acting principal as Or an obligations whether agent. (ii) the Company acting is as principal or an agent and (iii) Fixed maintenance price revenue is recognized ratably either on (1) a straight- whether fixed price performed line maintenance basis when services revenue is are straight-line through an indefinite number of repetitive recognized on using acts over a specified period or (2) basis or using the percentage percentage of   completion method when of completion method_ the pattern of benefits from the services rendered the customer the and to Company's costs to fulfil the contract is not period contract through the of even because the services are generally discrete The use nature and not repetitive. of in method recognize to the maintenance", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 165, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "344afd79767927e5"}, {"chunk_id": "5146ca88d41d89c0", "content": "the customer the and to Company's costs to fulfil the contract is not period contract through the of even because the services are generally discrete The use nature and not repetitive. of in method recognize to the maintenance revenues requires judgment and is based on the promises in the contract and nature of the deliverables", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 165, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "344afd79767927e5"}, {"chunk_id": "0f44a9e69a3a5b75", "content": "[OCR] Deloitte Haskins & Sells LLP Key Auditor's Response Sr; Audit Matter No. As certain contracts with customers involve management's judgment in (1) identifying distinct performance obligations, (2) determining Company whether the acting principal or an agent and (3) as whether fixed price maintenance revenue straight-line basis is  recognized on or completion using of the percentage revenue recognition method, from these key judgments were identified as audit and required higher of matter extent audit effort: Refer Notes 1.4 and 2.18 to the Standalone Financial Statements Revenue recognition Fixed price contracts Principal Audit Procedures Performed using percentage included the following: the of completion method procedures price Our audit related maintenance Fixed is to revenue recognized ratably either (1) on a straight- estimates of total expected costs or performed fixed-price line   basis when efforts to complete for services are through an indefinite number of repetitive following, contracts included the specified period among others: acts over or (2) using percentage of   completion method when pattern the of benefits from We tested the effectiveness of services controls relating to (1) recording rendered the and the customer to Company's costs to fulfil the contract is not of efforts costs incurred and or period estimation of efforts costs through the of contract even or complete the because the services are generally discrete required to in nature and not repetitive: Revenue from contract   performance remaining other fixed-price, fixed-timeframe obligations and (2) and access", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 167, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "419965319e2e141b"}, {"chunk_id": "f02e855a01785861", "content": "contract even or complete the because the services are generally discrete required to in nature and not repetitive: Revenue from contract   performance remaining other fixed-price, fixed-timeframe obligations and (2) and access application controls pertaining to performance contracts, where the recording, obligations allocation and satisfied time time are over is systems using recognized which the percentage-of- budgeting completion method prevents unauthorised changes to recording of efforts incurred. percentage-of-completion Use of the selected method requires sample of fixed Company the to We price determine the actual efforts costs contracts customers with or expended proportion measured the using percentage- date as of the to and estimated total efforts be of-completion method costs to or performed the following: Efforts or costs expended incurred. have been used to progress towards measure Evaluated management's completion as there is a direct relationship productivity_ between and The ability to reasonably estimate input estimation of total efforts or costs involves the towards progress significant performance judgement satisfying the and is assessed comparing obligation throughout the period of the contract to by actual efforts or costs incurred reflect any changes based the latest on available prior of estimates information, Provisions for to year efforts or costs budgeted for estimated losses, if any, uncompleted on the   period performance recorded obligations that contracts in in are which such losses become probable based have been fulfilled. [OCR] Deloitte Haskins & Sells LLP Key Sr. Audit Matter", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 167, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "419965319e2e141b"}, {"chunk_id": "1549b24e30a2e7fa", "content": "estimated losses, if any, uncompleted on the   period performance recorded obligations that contracts in in are which such losses become probable based have been fulfilled. [OCR] Deloitte Haskins & Sells LLP Key Sr. Audit Matter Auditor's Response No. the estimated efforts Compared efforts on costs to costs or or Company's complete the contract. incurred with of efforts costs estimate or We identified the estimate of total efforts incurred to date to identify or costs to complete fixed price contracts significant variations and using measured the percentage of evaluate whether those variations completion method as a key audit matter have been as the estimation of total efforts or costs appropriately considered in significant remaining involves estimating judgement and is the assessed period throughout the of the costs efforts complete to or contract to reflect any changes based the contract. on the latest available information, This high inherent uncertainty estimate has Tested estimate the for and requires consideration of progress of consistency with the status of the contract; efforts or costs incurred delivery of milestones and to- date and estimates of efforts and acceptances costs customer or remaining required complete the off from sign customers to to contract performance obligations over the possible identify delays in achieving term of the contracts_ milestones, which require changes in estimated This   required high   degree of auditor efforts to   complete costs or judgment in evaluating the audit evidence remaining performance the audit   effort and higher to obligations. extent", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 167, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "419965319e2e141b"}, {"chunk_id": "efbfe929e8afbca6", "content": "milestones, which require changes in estimated This   required high   degree of auditor efforts to   complete costs or judgment in evaluating the audit evidence remaining performance the audit   effort and higher to obligations. extent of evaluate the reasonableness of the total estimated amount of revenue recognized on fixed-price contracts_ Refer Notes 1.4 and 2.18 to the Standalone Financial Statements Information Other than the Financial Statements and Auditor's Report Thereon Board of Directors is responsible for the other information. The Company's The other included information   comprises the information in the Management Discussion and Analysis, Board's Report including Annexures to Board's Report, Business Responsibility and Sustainability Report, Corporate Governance and Shareholder's Information, but does not include the consolidated financial statements, Standalone Financial Statements and our auditor's report thereon. Our opinion on the Standalone Financial Statements does not cover the other information and we do not express any form of assurance conclusion thereon. In connection with our audit of the Standalone Financial Statements, our responsibility is other information and, in doing SO, consider whether the other information is the to read materially inconsistent knowledge with the Standalone Financial Statements or our obtained during the course of our audit or otherwise appears to be materially misstated_ have performed , If, based the conclude that there is material work on we we", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 167, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "419965319e2e141b"}, {"chunk_id": "05a9dcc069a23da1", "content": "with the Standalone Financial Statements or our obtained during the course of our audit or otherwise appears to be materially misstated_ have performed , If, based the conclude that there is material work on we we misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 167, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "419965319e2e141b"}, {"chunk_id": "ac2c060c5d82aacb", "content": "[OCR] Deloitte Haskins & Sells LLP of Management and Responsibilities Board of  Directors for the Standalone Financial Statements The Company's Board of Directors is responsible for the matters stated in section 134(5) of the Act with respect to the preparation of these Standalone Financial Statements that a true and fair view of the financial position, financial performance, including other give comprehensive income, changes in equity and cash flows of the Company in accordance with the accounting principles generally accepted in India, including Ind AS specified under section 133 of the Act: This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of   appropriate accounting king policies; judgments and estimates that ma reasonable and prudent; and design, implementation and maintenance of adequate are internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Standalone Financial Statements that give are free from true and fair view and material misstatement; whether due to fraud or error: In preparing the Standalone Financial Statements, management and Board of Directors are", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 168, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "62dd03bb46b89711"}, {"chunk_id": "af1bfe9a8edbe359", "content": "are free from true and fair view and material misstatement; whether due to fraud or error: In preparing the Standalone Financial Statements, management and Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, and using the going as applicable, matters related to going basis of concern concern accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. are also responsible for overseeing the Company's The Company's Board of Directors financial reporting process. Auditor's Responsibilities for the Audit of the Standalone Financial Statements to   obtain Our  objectives reasonable about whether the Standalone are assurance Financial Statements as whole are free from material misstatement; whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable high level of assurance, but is a guarantee that an audit conducted in assurance is a not accordance with SAs will detect always material misstatement when exists. Misstatements can arise from fraud or error and are considered material if, individually they the aggregate, be expected could reasonably influence the orin economic to decisions of users taken on the basis of these Standalone Financial Statements SAS, we exercise professional judgment and maintain As part of an audit in accordance with professional scepticism throughout the audit: We also: Identify and", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 168, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "62dd03bb46b89711"}, {"chunk_id": "60fc97f6871acf83", "content": "SAS, we exercise professional judgment and maintain As part of an audit in accordance with professional scepticism throughout the audit: We also: Identify and misstatement of the Standalone Financial assess the risks of material Statements, whether error, design and perform due to fraud audit procedures or responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, a5 fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal financial control relevant to the audit in order to design audit  procedures that are appropriate in the circumstances Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company adequate   internal   financial has controls with reference Standalone to the Financial Statements in place and operating effectiveness of such controls: Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the management:", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 168, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "62dd03bb46b89711"}, {"chunk_id": "4cd6c23bbfe24f9b", "content": "[OCR] Deloitte Haskins & Sells LLP appropriateness of management's use of the going concern basis of Conclude on the accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Standalone Financial Statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report; However, future events or conditions may cause the Company to cease to continue as a going concern_ ation, Evaluate the overall presenta structure and content of the Standalone Financial including Statements, disclosures, the and whether the Standalone Financial Statements represent the underlying transactions and events in a manner that achieves fair presentation: Materiality is the magnitude of misstatements in the Standalone Financial Statements that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable of the Standalone Financial Statements be influenced, We user may consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 170, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "84ba6368855d50df"}, {"chunk_id": "616aa3bfe9012ef0", "content": "be influenced, We user may consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Standalone Financial Statements. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal financial controls that we identify during our audit: We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the Standalone Financial Statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter when, in extremely rare circumstances, determine that matter should not be or we doing communicated our  report because the adverse of would in consequences reasonably be expected to outweigh the public interest benefits of such communication_", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 170, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "84ba6368855d50df"}, {"chunk_id": "cbab74b18dafe4a2", "content": "determine that matter should not be or we doing communicated our  report because the adverse of would in consequences reasonably be expected to outweigh the public interest benefits of such communication_ Report on Other Legal and Regulatory Requirements As required by Section 143(3) of the Act; based on our audit we report that: We have sought and obtained all the information and explanations which to the a) best of our knowledge and belief were necessary for the purposes of our audit: b) In our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our examination of those books. Sheet, Statement The Balance the of Profit c) and Loss including Other Comprehensive Income, Statement of Changes in Equity and the Statement of Cash Flows dealt with by this Report are in agreement with the books of account: In our opinion, the aforesaid Standalone Financial Statements comply with the d) Ind AS specified under Section 133 of the Act: [OCR] Deloitte Haskins & Sells LLP from written representations received the directors as on On the basis of the March 31, 2025 taken on record by the Board of Directors, none of the directors is disqualified as o March 31, 2025 from being appointed as a director in terms of Section 164(2) of the Act. With respect to the adequacy of the internal financial controls with reference to Standalone Financial Statements of the Company and the operating effectiveness of  such  controls, Annexure", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 170, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "84ba6368855d50df"}, {"chunk_id": "271bbd4a8947d5cc", "content": "With respect to the adequacy of the internal financial controls with reference to Standalone Financial Statements of the Company and the operating effectiveness of  such  controls, Annexure report our   separate A Our refer Report in to expresses an unmodified opinion on the adequacy and operating effectiveness of the Company's internal financial controls with reference to Standalone Financial Statements. Auditor's Report in included in the the other matters be With   respect to g) to accordance with the requirements of section 197(16) of the Act, as amended, in our opinion and to the best of our information and according to the explanations by the Company to its directors during the year the remuneration US, paid given to is in accordance with the provisions of section 197 of the Act Auditor's Report in be   included in the the other matters to With   respect h) to accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, as amended, in our opinion and to the best of our information and according to the explanations given to us: The Company has disclosed the impact of pending litigations on its financial Note 2.23 the Refer position to its   Standalone Financial Statements. in Standalone Financial Statements. under   applicable made   provision as  required law The   Company or has ii Refer Note 2.16 to the accounting standards for material foreseeable losses_ Standalone Financial Statements. The Company did not have any long-term", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 170, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "84ba6368855d50df"}, {"chunk_id": "b4175e3625d061bd", "content": "made   provision as  required law The   Company or has ii Refer Note 2.16 to the accounting standards for material foreseeable losses_ Standalone Financial Statements. The Company did not have any long-term derivative contracts There has been no delay in transferring amounts, required to be transferred, iii to the Investor Education and Protection Fund by the Company (a) The Management has represented that; to the best of its knowledge and iv individually the material (which either or in belief , funds are no or  invested (either from aggregate) advanced loaned have been or borrowed funds or share premium or any other sources or kind of funds) entity, including foreign by the Company to or in any other person or entity (\"Intermediaries\") , with the understanding, whether recorded in writing or otherwise, that the Intermediary shall, whether, directly or invest in other persons or entities identified in any indirectly lend or (\"Ultimate Company behalf of the whatsoever by or on manner provide any guarantee, security or the like on behalf of Beneficiaries or the Ultimate Beneficiaries; (b) The Management has represented, that, to the best of its knowledge and either   individually the in belief , funds (which material or are no the Company from been received by any person aggregate) or have the entity Parties\") , with foreign (\"Funding entity, including otherwise , understanding, writing that the whether recorded in or indirectly, lend or invest in other Company shall, whether, directly or", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 170, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "84ba6368855d50df"}, {"chunk_id": "dc27fa70b33fd222", "content": "been received by any person aggregate) or have the entity Parties\") , with foreign (\"Funding entity, including otherwise , understanding, writing that the whether recorded in or indirectly, lend or invest in other Company shall, whether, directly or or entities identified in any manner whatsoever by or on behalf persons provide any guarantee, of the Funding Party (\"Ultimate Beneficiaries\") or security or the like on behalf of the Ultimate Beneficiaries;", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 170, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "84ba6368855d50df"}, {"chunk_id": "4db403320a4385bb", "content": "[OCR] Deloitte Haskins & Sells LLP (c) Based on the audit procedures that have been considered reasonable and appropriate in the circumstances, nothing has come to our notice that has caused us to believe that the representations under sub-clause (i) and under (a) and (b) above, contain (ii) of Rule 11(e), as provided any material misstatement. As stated in Note 2.12.3 to the Standalone Financial Statements (a) The final dividend proposed in the previous year, declared and paid by the Company during the year is in accordance with Section 123 of the Act, as applicable_ (b) The interim dividend declared and paid by the Company during the year compliance with Section 123 of the and until the date of this report is in Act: (c) The Board of Directors of the Company have proposed final dividend for members at the ensuing the the year which is subject to the approval of Meeting. dividend is in proposed Annual General The amount of accordance with section 123 of the Act, as applicable on our examination, which included test checks, the Company has vi; Based used accounting software systems for maintaining its books of account for 2025 which have the feature of recording 31, the financial year ended March facility and the same has operated throughout the year log audit trail (edit software systems. Further, during for all relevant transactions recorded in the the course of our audit we did not come across any instance of the audit trail being", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 172, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0aaaabb9bb641cd1"}, {"chunk_id": "c3c7f097d88e4b3f", "content": "log audit trail (edit software systems. Further, during for all relevant transactions recorded in the the course of our audit we did not come across any instance of the audit trail being tampered with and the audit trail has been preserved by the feature Company as per the statutory requirements for record retention. As required by the Companies (Auditor's Report) Order, 2020 (the Order\") issued by the Central Government in terms of Section 143(11) of the Act, we give in Annexure B\" a statement on the matters specified in paragraphs 3 and 4 of the Order. For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm's Registration No. 117366W/W-100018) (U~ Vikas Bagaria Partner (Membership No. 060408) UDIN: Place: Bengaluru Date; April 17, 2025 [OCR] Deloitte Haskins & Sells LLP ANNEXURE \"A\" TO THE INDEPENDENT AUDITOR'S REPORT (Referred to in paragraph 1(f) under 'Report on Other Legal and Regulatory Requirements' section of our report to the Members of Infosys Limited of even date) with   reference Controls Financial the Internal Financial Standalone Report to on Statements under Clause (i) of sub-section 3 of Section 143 of the Companies Act, 2013 (the \"Act\") We have audited the internal financial controls with reference to Standalone Financial Statements of INFOSYS LIMITED (the Company\") as of March 31, 2025 in conjunction with our audit of the Standalone Financial Statements of the Company for the year ended on that date", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 172, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0aaaabb9bb641cd1"}, {"chunk_id": "2d57096ff8bc9921", "content": "Statements of INFOSYS LIMITED (the Company\") as of March 31, 2025 in conjunction with our audit of the Standalone Financial Statements of the Company for the year ended on that date Management's and Board of Directors' Responsibilities for Internal Financial Controls The Company's Management and Board of Directors are responsible for establishing and maintaining internal financial controls with reference to Standalone Financial Statements based on the internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Over Financial Reporting issued by the Institute of Audit of Internal Financial Controls Accountants of India (the \"ICAI\"). These responsibilities include the design, Chartered financial controls implementation and maintenance of adequate internal that were operating effectively for ensuring the orderly and efficient conduct of its business, including adherence the prevention the safeguarding policies, of its assets, to company's and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information, as required under the Act: Auditor's Responsibility Our responsibility is to express an opinion on the Company's internal financial controls with reference to Standalone Financial Statements based on our audit; We conducted our audit", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 172, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0aaaabb9bb641cd1"}, {"chunk_id": "070e893209b76057", "content": "Auditor's Responsibility Our responsibility is to express an opinion on the Company's internal financial controls with reference to Standalone Financial Statements based on our audit; We conducted our audit in accordance with the Guidance Note on Audit of Internal Financial Controls Over Financial Auditing Reporting (the \"Guidance ICAI the Standards Note\") issued by the and on prescribed under Section 143(10) of the Act, to the extent applicable to an audit of internal financial controls with reference to Standalone Financial Statements. Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform whether adequate internal  financial the audit obtain reasonable about to assurance reference Standalone controls with Statements established Financial and to was maintained and if such controls operated effectively in all material respects. Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls with reference to Standalone Financial Statements and their financial reference effectiveness. operating audit internal controls with Our of to Standalone Financial Statements included obtaining an understanding of internal financial Financial Statements, assessing the controls with reference to Standalone risk that and   testing evaluating operating exists, material and the design and weakness effectiveness of internal control based The procedures selected risk on the assessed depend", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 172, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0aaaabb9bb641cd1"}, {"chunk_id": "71f9ae82e68cad69", "content": "controls with reference to Standalone risk that and   testing evaluating operating exists, material and the design and weakness effectiveness of internal control based The procedures selected risk on the assessed depend on the auditor's judgement; including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. We believe that the audit evidence we have obtained, is sufficient and appropriate to provide on the Company's internal financial controls with a basis for our audit opinion reference to Standalone Financial Statements_", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 172, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0aaaabb9bb641cd1"}, {"chunk_id": "14dba038d5170110", "content": "[OCR] Deloitte Haskins & Sells LLP Meaning of Internal Financial Controls with reference to Standalone Financial Statements A company's internal financial control with reference to Standalone Financial Statements is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal financial control with reference to Standalone Financial Statements includes those policies and procedures that (1) pertain to the maintenance of records that; in reasonable detail, accurately and fairly and   dispositions (2) provide reflect the transactions of the of the company; assets reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorisations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorised acquisition, use, or material effect on the financial disposition of the company's assets that could have statements. Inherent Limitations of Internal Financial Controls with reference to Standalone Financial Statements", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 174, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "84eee9705e0e7f22"}, {"chunk_id": "1ea12078a010dee0", "content": "or material effect on the financial disposition of the company's assets that could have statements. Inherent Limitations of Internal Financial Controls with reference to Standalone Financial Statements Because of the inherent limitations of internal financial controls over financial reporting including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may occur and not be detected, Also, projections of any evaluation of the internal financial controls with reference to Standalone Financial Statements to future periods are subject to the risk that the internal financial control with reference to Standalone Financial Statements may become inadequate because of changes in  conditions, the policies or procedures or that the degree of compliance with may deteriorate: Opinion In our opinion, to the best of our information and according to the explanations given to US, the Company has, in all material respects, an adequate internal financial controls with reference to Standalone Financial Statements and such internal financial controls with reference to Standalone Financial Statements were operating effectively as at March 31, 2025, based on the criteria for internal financial control with reference to Standalone Financial Statements established by the Company considering the essential components", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 174, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "84eee9705e0e7f22"}, {"chunk_id": "b3d467dacd7a9422", "content": "2025, based on the criteria for internal financial control with reference to Standalone Financial Statements established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the ICAI_ For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm's Registration No. 117366W/W-100018) 4 a: vikas Bagaria Partner (Membership No.060408) UDIN: Place: Bengaluru Date: April 17, 2025 [OCR] Deloitte Haskins & Sells LLP 'B' TO THE INDEPENDENT AUDITOR'S REPORT ANNEXURE under 'Report on Other Legal and Regulatory Requirements' (Referred to in paragraph section of our report to the Members of Infosys Limited of even date) To the best of our information and according to the explanations provided to us by the Company and the books of account and records examined by US in the normal course of audit, we state that: In respect of the Company's property, plant and equipment; right-of-use assets and intangible assets: proper  records showing (A) The Company (a) has maintained full   particulars, including quantitative details and situation of property, plant and equipment and relevant details of right-of-use assets. The Company has maintained proper records showing full particulars of (B) intangible assets; physical verification of property, plant and The Company has (b) a program f equipment and right-of-use assets So to cover all the assets once every three years which, in", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 174, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "84eee9705e0e7f22"}, {"chunk_id": "ad34494703563366", "content": "(B) intangible assets; physical verification of property, plant and The Company has (b) a program f equipment and right-of-use assets So to cover all the assets once every three years which, in our opinion, is reasonable having regard to the size of the Company and the of its Pursuant to the certain program, nature assets. property, plant and equipment and right-of-use assets were due for verification during the year and were physically verified by the Management during the year. According to the information and explanations given to uS, no material discrepancies were noticed on such verification. Based on our examination of the property tax receipts and lease agreement for (c) building is constructed, registered sale deed land on which transfer deed conveyance deed provided to US, we report that; the title in respect of self- constructed buildings and title deeds of all other immovable properties (other than properties where the company is the lessee and the lease agreements are duly executed in favour of the lessee), disclosed in the financial statements under Property , Plant and Equipment are held in the name of the included Company as at the balance sheet date: (d) The Company has not revalued of its property, plant and equipment any (including right-of-use assets) and intangible assets during the year. No proceedings have been initiated during the year or are pending against the (e) as at March 31, 2025 for holding any benami property under the Company", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 174, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "84eee9705e0e7f22"}, {"chunk_id": "edaff1cf05e63f6e", "content": "No proceedings have been initiated during the year or are pending against the (e) as at March 31, 2025 for holding any benami property under the Company Benami Transactions (Prohibition) Act, 1988 (as amended in 2016) and rules made thereunder. (a) The Company does not have any inventory and hence reporting under clause 3(ii) (a) of the Order is not applicable. (b) The Company has not been sanctioned working capital limits in excess of < in aggregate, at any points of time during the crore, year, from banks or financial  institutions the basis of of current and hence security on assets reporting under clause 3(ii)(b) of the Order is not applicable The Company has made investments in, Companies and granted unsecured loans iii to other parties, during the year, in respect of which: The Company has provided loans or advances in the nature of loans during (a) the year, details of which are given below:", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 174, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "84eee9705e0e7f22"}, {"chunk_id": "40da4f45726b7331", "content": "[OCR] Deloitte Haskins & Sells LLP (Amount in INR Crore) Advances in Particulars Loans nature of loans Aggregate amount granted Lprovided A during_the_yeari Subsidiary 10 B_Balance outstanding asat balance sheet date in respect of above cases: Subsidiary 10 The Company has not provided any guarantee or security to any other entity during the year. In our opinion; the investments made and the terms and conditions of the (b) not   prejudicial are,  prima   facie, of  loans,  during the to the grant year Company's interest. In respect of loans granted by the Company, the schedule of repayment of (c) principal and payment of interest has been stipulated and the repayments of generally   regular principal amounts and receipts of   interest per are as stipulation. In respect of loans granted by the Company, there is no overdue amount (d) remaining outstanding as at the balance sheet date. No loan granted by the Company which has fallen due during the year, has (e) or fresh loans granted to settle the overdue of been renewed or extended existing loans given to the same parties, The Company has not granted any loans or advances in the nature of loans either repayable period or without specifying of demand any terms on or repayment during the year. Hence, reporting under clause  3(iii)(f) is not applicable. The Company has not made investments in Firms and Limited Liability Partnerships not provided any guarantee or security has during the year. Further the Company granted secured of   loans, advances in the nature", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 177, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8c529fec1273fd1f"}, {"chunk_id": "3f6485879a7066d9", "content": "not applicable. The Company has not made investments in Firms and Limited Liability Partnerships not provided any guarantee or security has during the year. Further the Company granted secured of   loans, advances in the nature unsecured, to any or or Companies, Firms, Limited Liability Partnerships or any other parties. The Company has complied with the provisions of Sections 185 and 186 of the iv, loans   granted, Companies 2013 of investments made and respect Act , in guarantees and securities provided, as applicable: The Company has not accepted any deposit or amounts which are deemed to be deposits. Hence, reporting under clause 3(v) of the Order is not applicable: The maintenance of cost records has not been specified by the Central Government vi under sub-section (1) of section 148 of the Companies Act, 2013 for the business activities carried out by the Company. Hence, reporting under clause (vi) of the Order is not applicable to the Company. In respect of statutory dues: vii. been   regular has   generally in depositing the   Company (a) In opinion, our undisputed statutory dues, including Goods and Services tax, Provident Fund Taxi duty Sales Tax, Service Tax, of Employees' State Insurance, Income Custom; duty of Excise, Value Added Tax, Cess and other material statutory applicable to it with the appropriate authorities. dues There were no undisputed amounts payable in respect of Goods and Service tax, Provident Fund, Employees' State Insurance, Income Tax, Sales Tax,", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 177, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8c529fec1273fd1f"}, {"chunk_id": "91dc8c4f8c47cd0b", "content": "applicable to it with the appropriate authorities. dues There were no undisputed amounts payable in respect of Goods and Service tax, Provident Fund, Employees' State Insurance, Income Tax, Sales Tax, Service Tax, duty of Custom, duty of Excise, Value Added Tax, Cess and other [OCR] Deloitte Haskins & Sells LLP material statutory dues in arrears as at March 31, 2025 for a period of more they became payable. than six months from the date (b) Details of statutory dues referred to in sub-clause (a) above which have not been deposited as on March 31, 2025 on account of disputes are given below: Nature of the Nature of dues Forum where Period to which the Amount Dispute is Pending statute Amount Relates crore AY (1) 2016-17 Income Tax Income Tax Appellate Tribunal AY (1) 2010-11, 1,798(5) Income Tax Commissioner AY (1) 2011-12, (Appeals) The Income AY (1) 2014-15, Tax Act, 1961 AY (1) 2020-21 , AY (1) 2022-23 to AY (1) 2024-25 Income Tax AY (1) 2020-21 and Assessing Officer 2,677 AY (1) 2021-22 Specified Officer of Customs Act, Duty of Custom FY (1) 2008-09 to 1962 FY (1) 2011-12 Special Economic Zone FY (1) 2005-06 to Supreme Court Central Excise Duty of Excise 68 FY (1)2015-16 Act, 1944 FY (1) 2015-16 Customs Excise and Service Tax Appellate Tribunal FY (1) 2017-18 to Joint 92 FY (1) 2019-20, Commissioner FY (4) 2021-22 (Appeals) Goods and FY (1) 2017-18 and High Court of Goods and Services Tax: FY (1) 2020-21 Karnataka Service Tax Assessing Officer FY (1) 2017-18 to 55 Act, 2017 FY (1) 2021-22 Sales Tax Act Sales Tax FY (1) 2006-07 to Joint FY (1) 2010-11 and and VAT Laws", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 177, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8c529fec1273fd1f"}, {"chunk_id": "bc3a819501b1d08e", "content": "FY (1) 2017-18 and High Court of Goods and Services Tax: FY (1) 2020-21 Karnataka Service Tax Assessing Officer FY (1) 2017-18 to 55 Act, 2017 FY (1) 2021-22 Sales Tax Act Sales Tax FY (1) 2006-07 to Joint FY (1) 2010-11 and and VAT Laws Commissioner (Appeals) (3) FY (1) 2014-15 FY (1) 2007-08 Sales Tax High Court of Andhra Pradesh Finance Act, FY (1) 2004-05 to Service Tax Customs Excise 299 FY (1) 2010-11, 1994 and Service Tax FY (1) 2012-13 to Appellate Tribunal FY (1) 2017-18 (2) FY (1) 2016-17 Central Sales Central Sales Joint Tax Act, 1956 Tax Commissioner (Appeals) Panchayat The Karnataka High Court of FY (1) 2017-18 to 33 FY (1) 2020-21 [Gram Swaraj Property Tax Karnataka at and Panchayat Bengaluru Raj] Act, 1993 Ministry for FY (1) 2021-22 to Greater Trade Licence Hyderabad FY (1) 2022-23 Information Fee Technology & Municipal Corporation Municipal Act, 1955 Administration & Urban Development [OCR] Deloitte Haskins & Sells LLP Nature of the Nature of dues Forum where Period to which the Amount Dispute is Pending statute Amount Relates crore UK Finance Act Corporation His Majesty's FY (1) 2014-15 to 220 1998 Tax Revenue and FY (1) 2016-17 Customs (HMRC) Tax Officer, United Kingdom(3) Sales and use Sales and use Board of Finance & CY (1) 2019 to 10 Revenue, tax Act CY 2022 tax Act Pennsylvania Employer Employer Employer Health FY (1) 2019-20 Health Tax Act, Health Tax Tax Act Canada Footnotes: (1) AY=Assessment Year; CY=Calendar Year; FY= Financial Year. Stay order has been granted against <60 crore disputed which has not been deposited_ Stay order has been granted Less than ? 1 crore. Stay", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 177, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8c529fec1273fd1f"}, {"chunk_id": "b22d7a626b51e512", "content": "Tax Act Canada Footnotes: (1) AY=Assessment Year; CY=Calendar Year; FY= Financial Year. Stay order has been granted against <60 crore disputed which has not been deposited_ Stay order has been granted Less than ? 1 crore. Stay order has been granted for FY 2021-22 against <1,305 crore. There were no transactions relating to previously unrecorded income that have viii _ been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (43 of 1961) (a) The Company has not taken any loans or other borrowings from any lender ix Hence reporting under clause 3(ix)(a) f the Order is not applicable. (b) The Company has not been declared wilful defaulter by any bank or financial institution or government or any government authority. (c) The Company has not taken any term loan during the year and there are no outstanding term loans at the beginning of the year and hence, reporting under clause 3(ix)(c) of the Order is not applicable. (d) On an overall examination of the financial statements of the Company, funds have, raised on short-term basis prima facie, not been used during the year for long-term purposes by the Company. (e) On overall examination of the financial statements of the Company the an Company has not taken any funds from any entity or person on account of or to meet the obligations of its subsidiaries. The Company has not raised any loans during the year and hence reporting on", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 177, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8c529fec1273fd1f"}, {"chunk_id": "bf91c5ed3425e46b", "content": "the an Company has not taken any funds from any entity or person on account of or to meet the obligations of its subsidiaries. The Company has not raised any loans during the year and hence reporting on clause 3(ix)(f) of the Order is not applicable: (a) The Company has not raised moneys by way of initial public offer or further public offer (including debt instruments) during the year and hence reporting under clause 3(x)(a) of the Order is not applicable.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 177, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8c529fec1273fd1f"}, {"chunk_id": "7aab541340223b28", "content": "[OCR] Deloitte Haskins & Sells LLP made any preferential (b) During the year, the Company has not allotment or debentures   (fully private   placement of shares convertible partly or or or hence   reporting optionally) under clause 3(x)(b) of the Order is not and applicable. on the Company has been (a) No fraud by the Company and no material fraud xi noticed or reported during the year. (b) No report under sub-section (12) of section 143 of the Companies Act has been of Companies (Audit and as prescribed filed Form ADT-4 under rule 13 in Auditors) Rules, 2014 with the Central Government, during the year and upto the date of this report: (c) We have taken into consideration the whistle blower complaints received by the Company during the year (and upto the date of this report), while determining the nature, timing and extent of our audit procedures: The Company is not a Nidhi Company and hence reporting under clause (xii) of the xii Order is not applicable; our opinion, the Company is in compliance with Section 177 and 188 of the In xiii_ Companies Act; 2013 with respect to applicable transactions with the related parties and the details of related party transactions have been disclosed in the Standalone Financial Statements as required by the applicable accounting standards audit   system internal adequate Company (a) In opinion, the has xiv_ our an commensurate with the size and the nature of its business.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 179, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b9dbc2f74f16d10d"}, {"chunk_id": "462ae7b897f51c3a", "content": "Financial Statements as required by the applicable accounting standards audit   system internal adequate Company (a) In opinion, the has xiv_ our an commensurate with the size and the nature of its business. (b) We have considered, the internal audit reports for the year under audit, issued to the Company during the year and till date, in determining the nature, timing and extent of our audit procedures: In our opinion, during the year the Company has not entered into any non-cash XV or persons connected with its directors and hence transactions with its Directors 2013 are not applicable to the provisions of section 192 of the Companies Act, Company. (a) In our opinion, the Company is not required to be registered under section 45- xvi_ under clause Bank of India Act, 1934. Hence, reporting IA of the Reserve 3(xvi)(a), (b) and (c) of the Order is not applicable: investment company within the Group (as (b) In our opinion, there is no core defined in the Core Investment Companies (Reserve Bank) Directions, 2016) and accordingly reporting under clause 3(xvi)(d) of the Order is not applicable_ The Company has not incurred cash losses during the financial year covered by our xvii. audit and the immediately preceding financial year. There has been no resignation of the statutory auditors of the Company during the xviii, year. On the basis of the financial ratios, ageing and expected dates of realisation of xix_", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 179, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b9dbc2f74f16d10d"}, {"chunk_id": "15c26d8b769366a0", "content": "year. There has been no resignation of the statutory auditors of the Company during the xviii, year. On the basis of the financial ratios, ageing and expected dates of realisation of xix_ financial assets and payment of financial liabilities, other information accompanying knowledge Directors   and of statements  and of the Board the financial our Management plans and based on our examination of the evidence supporting the assumptions, nothing has come to our attention, which causes us to believe that ting any material uncertainty exists as on the date of the audit report indica that Company is not capable of meeting its liabilities existing at the date of balance sheet as and when they fall due within a period of one year from the balance sheet date, We, however, state that this is not a assurance as to the future viability of on the facts up to the the Company. We further state that our reporting is based date of the audit report and we neither give any guarantee nor any assurance that [OCR] Deloitte Haskins & Sells LLP all liabilities falling due within a period of one year from the balance sheet date, will they discharged by the Company as and when fall due get (a) There are no unspent amounts towards Corporate Social Responsibility (\"CSR\") other than ongoing  projects requiring Fund   specified transfer in on to Schedule VII to the Companies Act, 2013 in compliance with second proviso to", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 179, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b9dbc2f74f16d10d"}, {"chunk_id": "84e5b79b97603b4f", "content": "other than ongoing  projects requiring Fund   specified transfer in on to Schedule VII to the Companies Act, 2013 in compliance with second proviso to sub-section (5) of Section 135 of the said Act: Accordingly, reporting under clause 3(xx)(a) of the Order is not applicable for the year, (b) In respect of ongoing projects, the Company has transferred unspent CSR amount as at the end of the previous financial year, to a Special account within period of 30 days from the end of the said financial year in compliance with the provision of section 135(6) of the Companies Act, 2013 In respect of ongoing projects, the Company has not transferred the unspent CSR amount as at the Balance Sheet date out of the amounts that was required be spent during the year, to Special Account in compliance with the to provision of sub-section (6) of section 135 of the said Act till the date of our report since the time period for such transfer, i.e., 30 days from the end of the financial year has not elapsed till the date of our report: For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm's Registration No. 117366W/W-100018) I Vikas Bagaria Partner (Membership No.060408) UDIN; Place: Bengaluru Date: April 17, 2025", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 179, "section": "for the three months and year ended March 31, 2025", "subsection": "for the three months and year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b9dbc2f74f16d10d"}, {"chunk_id": "3020c7f6bb5a4ee4", "content": "Standalone Financial Statements under Indian Accounting Standards (Ind AS) for the year ended March 31, 2025 Balance Sheet…………………………………………………………………………………………………………… 1 Statement of Profit and Loss………………………………………………………………………………………….. 2 Statement of Changes in Equity……………………………………………………………………………………….. 3 Statement of Cash Flows………………………………………………………………………………………………….. 5 Overview and Notes to the Standalone Financial Statements 1.1 Company overview …………………………………………………………………………………………………………… 7 1.2 Basis of preparation of financial statements …………………………………………………………………………………………………………… 7 1.3 Use of estimates and judgments…………………………………………………………………………………………………………… 7 1.4 Critical accounting estimates and judgements…………………………………………………………………………………………………………… 7 2. Notes to Standalone Financial Statements 2.1 Property, plant and equipment…………………………………………………………………………………………………………… 9 2.2 Goodwill and intangible assets………………………………………………………………………………………… 11 2.3 Leases……………………………………………………………………………………………………………………….12 2.4 Capital work-in-progress………………………………………………………………………………………………………………………. 14 2.5 Investments……………………………………………………………………………………………………………….. 15 2.6 Loans………………………………………………………………………………………………………………………...19 2.7 Other financial assets…………………………………………………………………………………………………………. 19 2.8 Trade Receivables ………………………………………………………………………………………………………….19 2.9 Cash and cash equivalents…………………………………………………………………………………………………………. 20", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 182, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aaf53823a9aafea4"}, {"chunk_id": "346dc178a1375518", "content": "19 2.8 Trade Receivables ………………………………………………………………………………………………………….19 2.9 Cash and cash equivalents…………………………………………………………………………………………………………. 20 2.10 Other assets……………………………………………………………………………………………………………… 20 2.11 Financial instruments…………………………………………………………………………………………………………. 21 2.12 Equity……………………………………………………………………………………………………………………..26 2.13 Other financial liabilities…………………………………………………………………………………………………………. 31 2.14 Trade payables…………………………………………………………………………………………………………. 31 2.15 Other liabilities…………………………………………………………………………………………………………. 32 2.16 Provisions………………………………………………………………………………………………………………. 33 2.17 Income taxes……………………………………………………………………………………………………………. 33 2.18 Revenue from operations…………………………………………………………………………………………………………. 36 2.19 Other income, net………………………………………………………………………………………………………….38 2.20 Expenses……………………………………………………………………………………………………………….. 39 2.21 Employee Benefits……………………………………………………………………………………………………………….. 40 2.22 Earnings per equity share…………………………………………………………………………………………………………. 44 2.23 Contingent liabilities and commitments…………………………………………………………………………………………………………. 44 2.24 Related party transactions…………………………………………………………………………………………………………. 44 2.25 Corporate social responsibility (CSR)…………………………………………………………………………………………………………. 52 2.26 Segment Reporting…………………………………………………………………………………………………………. 52 2.27 Ratios………........……………………………………………………………………………………………………. 53", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 182, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aaf53823a9aafea4"}, {"chunk_id": "629c33af9c011925", "content": "52 2.26 Segment Reporting…………………………………………………………………………………………………………. 52 2.27 Ratios………........……………………………………………………………………………………………………. 53 2.28 Function-wise classification of Statement of Profit and Loss…………………………………………………………………………………………………………. 54 (In ₹ crore) Note No. March 31, 2025 March 31, 2024 Balance Sheet as at ASSETS Property, plant and equipment 2.1 10,070                       10,813 Right-of-use assets 2.3 3,078                        3,303 Capital work-in-progress 2.4 778                           277 Goodwill 2.2 211                           211 Financial assets Investments 2.5 27,371                       23,352 Loans 2.6 26                             34 Other financial assets 2.7 2,350                        1,756 Deferred tax assets (net) 2.17 497 - Income tax assets (net) 2.17 1,164                        2,583 Other non-current assets 2.10 2,223                        1,669 Total non - current assets 47,768                       43,998 Investments 2.5 11,147                       11,307 Trade receivables 2.8 26,413                       25,152 Cash and cash equivalents 2.9 14,265                        8,191 Loans 2.6 207                           208 Other financial assets 2.7 12,569                       10,129 Income tax assets (net) 2.17 2,949                        6,329 Other current assets 2.10 9,618                        9,636 77,168                       70,952 124,936                     114,950 EQUITY AND LIABILITIES Equity share capital 2.12 2,076                        2,075", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 182, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aaf53823a9aafea4"}, {"chunk_id": "7665833e19088752", "content": "Other current assets 2.10 9,618                        9,636 77,168                       70,952 124,936                     114,950 EQUITY AND LIABILITIES Equity share capital 2.12 2,076                        2,075 Other equity 85,256                       79,101 Total equity 87,332                       81,176 LIABILITIES Non-current liabilities Financial liabilities Lease liabilities 2.3 2,694                        3,088 Other financial liabilities 2.13 1,991                        1,941 Deferred tax liabilities (net) 2.17 1,062                        1,509 Other non-current liabilities 2.15 95                           150 Total non - current liabilities 5,842                        6,688 Financial liabilities Lease liabilities 2.3 765                           678 Trade payables 2.14 Total outstanding dues of micro enterprises and small enterprises 8                             92 Total outstanding dues of creditors other than micro enterprises and small enterprises 2,720                        2,401 Other financial liabilities 2.13 14,101                       11,808 Other current liabilities 2.15 9,159                        7,681 Provisions 2.16 993                        1,464 Income tax liabilities (net) 2.17 4,016                        2,962 31,762                       27,086 Total equity and liabilities 124,936                     114,950 The accompanying notes form an integral part of the standalone financial statements. Total current liabilities As per our report of even date attached", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 182, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aaf53823a9aafea4"}, {"chunk_id": "b3de467b2cb8d680", "content": "124,936                     114,950 The accompanying notes form an integral part of the standalone financial statements. Total current liabilities As per our report of even date attached for  Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited Chartered Accountants Firm's Registration No: 117366W/W-100018 Vikas Bagaria Nandan M. Nilekani Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chairman Chief Executive Officer Director Membership No. 060408 DIN: 00041245 and Managing Director DIN: 00019437 Jayesh Sanghrajka A.G.S. Manikantha Bengaluru Chief Financial Officer Company Secretary April 17, 2025 Membership No. A21918 (In ₹ crore except equity share and per equity share data) Statement of Profit and Loss for the Note No. 2025 2024 Revenue from operations 2.18 136,592              128,933 Other income, net 2.19 4,782                  7,417 Total income 141,374              136,350", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 182, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aaf53823a9aafea4"}, {"chunk_id": "3ad6a862fe0b06a6", "content": "Expenses Employee benefit expenses 2.20 67,466                65,139 Cost of technical sub-contractors 19,353                18,638 Travel expenses 1,467                  1,372 Cost of software packages and others 2.20 9,617                  6,891 Communication expenses 448                     489 Consultancy and professional charges 1,245                  1,059 Depreciation and amortization expenses 2.1, 2.2.2, 2.3 2,619                  2,944 Finance cost 221                     277 Other expenses 2.20 3,497                  3,588 Total expenses 105,933              100,397 Profit before tax 35,441                35,953 Tax expense: Current tax 2.17 10,836                  7,306 Deferred tax 2.17 (963)                  1,413 Profit for the year 25,568                27,234 Other comprehensive income Items that will not be reclassified subsequently to profit or loss Remeasurement of the net defined benefit liability/asset, net 2.17 & 2.21 (81)                     128 Equity instruments through other comprehensive income, net 2.5 & 2.17 19                       19 Items that will be reclassified subsequently to profit or loss Fair value changes on derivatives designated as cash flow hedge, net 2.11 & 2.17 (24)                       11 Fair value changes on investments, net 2.5 & 2.17 191                     129 Total other comprehensive income/ (loss), net of tax 105                     287 Total comprehensive income for the year 25,673                27,521 Earnings per equity share", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 183, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "84758e6dc98a8a4e"}, {"chunk_id": "5f75501b72bc6cc3", "content": "2.5 & 2.17 191                     129 Total other comprehensive income/ (loss), net of tax 105                     287 Total comprehensive income for the year 25,673                27,521 Earnings per equity share Equity shares of par value ₹5/- each Basic (in ₹ per share) 2.22 61.58                  65.62 Diluted (in ₹ per share) 2.22 61.46                  65.56 Weighted average equity shares used in computing earnings per equity share Basic (in shares) 2.22 4,151,936,905     4,150,099,796 Diluted (in shares) 2.22 4,159,905,476     4,153,994,624 The accompanying notes form an integral part of the standalone financial statements. As per our report of even date attached for Deloitte Haskins & Sells LLP Chartered Accountants for and on behalf of the Board of Directors of Infosys Limited Firm's Registration No: 117366W/W-100018 Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director Membership No. 060408 DIN: 00041245 and Managing Director DIN: 00019437 DIN: 01876159 Jayesh Sanghrajka A.G.S. Manikantha Bengaluru Chief Financial Officer Company Secretary April 17, 2025 Membership No. A21918 Statement of Changes in Equity (In ₹ crore) Particulars Premium Capital reserve Retained Share Options Outstanding Other comprehensive income Special Economic through other comprehensive Total equity attributable to equity holders of the Balance as at April 1, 2023", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 183, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "84758e6dc98a8a4e"}, {"chunk_id": "be75e347ff8ff036", "content": "(In ₹ crore) Particulars Premium Capital reserve Retained Share Options Outstanding Other comprehensive income Special Economic through other comprehensive Total equity attributable to equity holders of the Balance as at April 1, 2023 2,074              54              2,862                  169                  133             52,183                      2                  878               9,654 260                           (5)                          (519)                                67,745 Changes in equity for the year ended March 31, 2024 Profit for the year -                -                      -                       -                       -               27,234 -                       -                       - -                             -                                -                                  27,234 Remeasurement of the net defined benefit liability/asset, net* -                -                      -                       -                       -                       -                       -                       -                       - -                             -                             128                                     128 Equity instruments through other comprehensive income, net* (Refer to note 2.5 and 2.17)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 183, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "84758e6dc98a8a4e"}, {"chunk_id": "0d4ecad55e22427a", "content": "-                             -                             128                                     128 Equity instruments through other comprehensive income, net* (Refer to note 2.5 and 2.17) -                -                      -                       -                       -                       -                       -                       -                       -                               19 -                                -                                         19 Fair value changes on derivatives designated as cash flow hedge, net*(Refer to note 2.11) -                -                      -                       -                       -                       -                       -                       -                       - -                             11 -                                         11", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 183, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "84758e6dc98a8a4e"}, {"chunk_id": "e5c4715343ac182e", "content": "Fair value changes on investments, net* (Refer to note 2.5 and 2.17) -                -                      -                       -                       -                       -                       -                       -                       - -                             -                             129                                     129 Total comprehensive income for the year -                -                      -                       -                       -               27,234 -                       -                       -                               19                           11                           257                                27,521 Transferred to Special Economic Zone Re-investment reserve -                -                      -                       -                       -              (2,957) -                       -                 2,957 -                             -                                -                                          - Transferred from Special Economic Zone Re-investment reserve on utilization -                -                      -                       -                       -                    824 -                       -                 (824) -                             -                                -                                          - Transferred on account of exercise of stock options (Refer to note 2.12)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 184, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "79d712814070a753"}, {"chunk_id": "1b10d2779878915e", "content": "-                             -                                -                                          - Transferred on account of exercise of stock options (Refer to note 2.12) -                -                      -                       -                    447 -                       -                 (447) - -                             -                                -                                          - Transferred on account of options not exercised -                -                      -                       -                       -                       -                    160                (160) - -                             -                                -                                          - Shares issued on exercise of employee stock options (Refer to note 2.12) 1 -                      -                       -                       -                       -                       -                       -                       - -                             -                                -                                           1 Employee stock compensation expense (Refer to note 2.12) -                -                      -                       -                       -                       -                       -                    639 - -                             -                                -                                       639", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 184, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "79d712814070a753"}, {"chunk_id": "b12848df680da755", "content": "- -                             -                                -                                       639 Income tax benefit arising on exercise of stock options -                -                      -                       -                       -                       -                       -                        3 - -                             -                                -                                           3 Dividends -                -                      -                       -                       -            (14,733) -                       -                       - -                             -                                -                               (14,733) Balance as at March 31, 2024 2,075              54              2,862                  169                  580             62,551                  162                  913             11,787 279                             6                          (262)                                81,176 Statement of Changes in Equity (contd.) (In ₹ crore) Particulars Other comprehensive income Other Equity Reserves & Surplus Capital reserve General reserve Capital redemption Share Options Outstanding Total equity attributable through other comprehensive to equity holders of the Balance as at April 1, 2024 2,075              54              2,862                  169                  580             62,551                  162                  913             11,787", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 184, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "79d712814070a753"}, {"chunk_id": "6148b50e2669189b", "content": "Balance as at April 1, 2024 2,075              54              2,862                  169                  580             62,551                  162                  913             11,787 279                             6                          (262)                                81,176 Changes in equity for the year ended March 31, 2025 Profit for the year -                -                      -                       -                       -               25,568 -                       -                       - -                             -                                -                                  25,568 Remeasurement of the net defined benefit liability/asset, net* -                -                      -                       -                       -                       -                       -                       -                       - -                             -                             (81)                                     (81) Equity instruments through other comprehensive income, net* (Refer to note 2.5 and 2.17) -                -                      -                       -                       -                       -                       -                       -                       -                               19 -                                -                                         19", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 184, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "79d712814070a753"}, {"chunk_id": "fd089394f5bdc662", "content": "-                                -                                         19 Fair value changes on derivatives designated as cash flow hedge, net*(Refer to note 2.11 and 2.17) -                -                      -                       -                       -                       -                       -                       -                       - -                          (24) -                                      (24) Fair value changes on investments, net* (Refer to note 2.5 and 2.17) -                -                      -                       -                       -                       -                       -                       -                       - -                             -                             191                                     191", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 184, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "79d712814070a753"}, {"chunk_id": "d8a9484affd9cfb7", "content": "Total comprehensive income for the year -                -                      -                       -                       -               25,568 -                       -                       -                               19                         (24) 110                                25,673 Transferred from Special Economic Zone Re-investment reserve on utilization -                -                      -                       -                       -                    821 -                       -                 (821) -                             -                                -                                          - Transferred from Special Economic Zone Re-investment reserve to retained earnings -                -                      -                       -                       -                 2,999 -                       -              (2,999) -                             -                                -                                          - Transferred to Special Economic Zone Re-investment reserve -                -                      -                       -                       -                   (74) -                       -                      74 -                             -                                -                                          - Transferred on account of exercise of stock options", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 185, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "20cdbf39768129ef"}, {"chunk_id": "6d686aa4bf5a0fee", "content": "-                       -                      74 -                             -                                -                                          - Transferred on account of exercise of stock options -                -                      -                       -                    472 -                       -                 (472) - -                             -                                -                                          - Transferred on account of options not exercised -                -                      -                       -                       -                       -                    197                (197) - -                             -                                -                                          - Shares issued on exercise of employee stock options (Refer to note 2.12) 1 -                      -                       -                        2 -                       -                       -                       - -                             -                                -                                           3 Employee stock compensation expense (Refer to note 2.12) -                -                      -                       -                       -                       -                       -                    786 - -                             -                                -                                       786", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 185, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "20cdbf39768129ef"}, {"chunk_id": "fe2140106056f9a1", "content": "- -                             -                                -                                       786 Income tax benefit arising on exercise of stock options (Refer to note 2.17) -                -                      -                       -                       -                       -                       -                      39 - -                             -                                -                                         39 Dividends -                -                      -                       -                       -            (20,345) -                       -                       - -                             -                                -                               (20,345) Balance as at March 31, 2025 2,076              54              2,862                  169               1,054             71,520                  359               1,069               8,041 298                         (18)                          (152)                                87,332 (1)The Special Economic Zone Re-investment Reserve has been created out of the profit of eligible SEZ units in terms of the provisions of Sec 10AA(1)(ii) of Income Tax Act, 1961. The reserve should be utilized by the Company for acquiring new plant and machinery for the purpose of its business in the terms of the Sec 10AA(2) of the Income Tax Act, 1961.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 185, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "20cdbf39768129ef"}, {"chunk_id": "4eea197f2ef2cffb", "content": "The reserve should be utilized by the Company for acquiring new plant and machinery for the purpose of its business in the terms of the Sec 10AA(2) of the Income Tax Act, 1961. (2)Profit / loss on transfer of business between entities under common control taken to reserve. The accompanying notes form an integral part of the standalone financial statements. As per our report of even date attached for Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited Chartered Accountants Firm's Registration No: 117366W/W-100018 Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director Membership No. 060408 DIN: 00041245 and Managing Director DIN: 00019437 DIN: 01876159 Jayesh Sanghrajka A.G.S. Manikantha Bengaluru Chief Financial Officer Company Secretary April 17, 2025 Membership No. A21918 Statement of Cash Flows Cash flows are reported using the indirect method, whereby profit for the year is adjusted for the effects of transactions of a non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments and item of income or expenses associated with investing or financing cash flows. The cash flows from operating, investing and financing activities of the Company are segregated. The Company considers all highly liquid investments that are readily convertible to known amounts of cash to be cash equivalents. (In ₹ crore) Particulars Note No. Cash flow from operating activities:", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 185, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "20cdbf39768129ef"}, {"chunk_id": "9d051d15ef2c9756", "content": "The Company considers all highly liquid investments that are readily convertible to known amounts of cash to be cash equivalents. (In ₹ crore) Particulars Note No. Cash flow from operating activities: Profit for the year 25,568                 27,234 Adjustments to reconcile net profit to net cash provided by operating activities: Depreciation and Amortization 2.1, 2.2.2, 2.3 2,619                   2,944 Income tax expense 2.17 9,873                   8,719 Impairment loss recognized / (reversed) under expected credit loss model (7)                      130 Finance cost 221                      277 2.19 (3,699)                 (4,670) 2.12 712                      575 (114)                        77 Interest and dividend income Provision for post sale client support Stock compensation expense 170                        63 (327)                 (1,934) Other adjustments 165                      235 Exchange differences on translation of assets and liabilities, net Interest receivable on income tax refund", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 185, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "20cdbf39768129ef"}, {"chunk_id": "6364c277b8c7611a", "content": "Trade receivables and unbilled revenue (2,994)                 (2,933) Loans, other financial assets and other assets (1,942)                 (1,645) Trade payables 236                        67 Other financial liabilities, other liabilities and provisions 3,529                    (117) 34,010                 29,022 Income taxes paid (4,601)                 (8,235) Net cash generated by operating activities 29,409                 20,787 Changes in assets and liabilities Cash generated from operations Cash flow from investing activities: Expenditure on property, plant and equipment Redemption of deposits placed with corporation Deposits placed with corporation (1,587)                 (1,832) (1,026)                    (688) 593                      522 Interest and dividend received 1,672                   1,441 Dividend received from subsidiary 1,522                   2,976 Loan given to subsidiaries (10) - Loan repaid by subsidiaries -                           4 Investment in subsidiaries (4,361)                      (63) Payment towards acquisition of entities (184) - Receipt / (payment) towards business transfer for entities under common control -                         35 Receipt / (payment) from entities under liquidation -                         80 Other receipts 2                      123 Payments to acquire investments Liquid mutual fund units (66,637)               (57,606) Commercial papers (6,058)                 (9,405) Certificates of deposit (6,138)                 (7,011)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 187, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bde7f717a7c42022"}, {"chunk_id": "c751bd9964cfd5e4", "content": "2                      123 Payments to acquire investments Liquid mutual fund units (66,637)               (57,606) Commercial papers (6,058)                 (9,405) Certificates of deposit (6,138)                 (7,011) Non-convertible debentures (3,240)                 (1,526) Other investments (25)                        (2) Proceeds on sale of investments Tax free bonds and government bonds 105                      150 Liquid mutual fund units 67,597                 56,124 Non-convertible debentures 2,376                      955 Certificates of deposit 5,984                   6,962 Commercial papers 7,260                   5,475 Government Securities 200                          5 Other investments 12                        20 Net cash used in investing activities (1,943)                 (3,261) (In ₹ crore) Particulars Note No. Payment of lease liabilities 2.3 (859)                    (850) Shares issued on exercise of employee stock options 3                          1 Other payments (186)                    (243) Payment of dividends (20,337)               (14,733) (21,379)               (15,825) Cash flow from financing activities: 6,087                   1,701 Effect of exchange differences on translation of foreign currency cash and cash equivalents (13)                      (44) Cash and cash equivalents at the beginning of the year 2.9 8,191                   6,534 Cash and cash equivalents at the end of the year 2.9 14,265                   8,191 Supplementary information: Restricted cash balance", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 187, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bde7f717a7c42022"}, {"chunk_id": "eab14f752167d6eb", "content": "2.9 8,191                   6,534 Cash and cash equivalents at the end of the year 2.9 14,265                   8,191 Supplementary information: Restricted cash balance 2.9 45                        44 Net cash used in financing activities Net increase / (decrease) in cash and cash equivalents The accompanying notes form an integral part of the standalone financial statements. As per our report of even date attached for  Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited Chartered Accountants Firm's Registration No: 117366W/W-100018 Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director Membership No. 060408 DIN: 00041245 and Managing Director DIN: 00019437 DIN: 01876159 Bengaluru Jayesh Sanghrajka A.G.S. Manikantha April 17, 2025 Chief Financial Officer Company Secretary Membership No. A21918 Overview and Notes to the Standalone Financial Statements Infosys Limited ('the Company' or Infosys) provides consulting, technology, outsourcing and next-generation digital services, to enable clients to execute strategies for their digital transformation. Infosys strategic objective is to build a sustainable organization that remains relevant to the agenda of clients, while creating growth opportunities for employees and generating profitable returns for investors. Infosys strategy is to be a navigator for our clients as they ideate, plan and execute on their journey to a digital future.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 187, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bde7f717a7c42022"}, {"chunk_id": "b79d6e49393402ca", "content": "opportunities for employees and generating profitable returns for investors. Infosys strategy is to be a navigator for our clients as they ideate, plan and execute on their journey to a digital future. The Company is a public limited company incorporated and domiciled in India and has its registered office at Electronics City, Hosur Road, Bengaluru 560100, Karnataka, India. The company has its primary listings on the BSE Ltd. and National Stock Exchange of India Limited. The Company’s American Depositary Shares (ADS) representing equity shares are listed on the New York Stock Exchange (NYSE). The standalone financial statements are approved for issue by the Company's Board of Directors on April 17, 2025. 1.2 Basis of preparation of financial statements These standalone financial statements are prepared in accordance with the provisions of the Companies Act, 2013 (''the Act''), guidelines issued by the Securities and Exchange Board of India (SEBI) and Indian Accounting Standard (Ind AS) under the historical cost convention on accrual basis except for certain financial instruments which are measured at fair values, defined benefit liability/(asset) which is recognized at the present value of defined benefit obligation less fair value of plan assets. The Ind AS are prescribed under Section 133 of the Act read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 187, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bde7f717a7c42022"}, {"chunk_id": "6d4888d3076fe00d", "content": "of plan assets. The Ind AS are prescribed under Section 133 of the Act read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules issued thereafter. Accounting policies have been consistently applied except where a newly issued accounting standard is initially adopted or a revision to an existing accounting standard requires a change in the accounting policy hitherto in use. The material accounting policy information used in preparation of the audited condensed standalone interim financial statements have been discussed in the respective notes. As the year to date figures are taken from the source and rounded to the nearest digits, the figures reported for the previous quarters might not always add up to the year to date figures reported in this statement. 1.3 Use of estimates and judgments", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 187, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bde7f717a7c42022"}, {"chunk_id": "62c2d2eb138a7e97", "content": "The preparation of the financial statements in conformity with Ind AS requires the management to make estimates, judgments and assumptions. These estimates, judgments and assumptions affect the application of accounting policies and the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the period. The application of accounting policies that require critical accounting estimates involving complex and subjective judgments and the use of assumptions in these financial statements have been disclosed in Note no. 1.4. Accounting estimates could change from period to period. Actual results could differ from those estimates. Appropriate changes in estimates are made as management becomes aware of changes in circumstances surrounding the estimates. Changes in estimates and judgements are reflected in the financial statements in the period in which changes are made and, if material, their effects are disclosed in the notes to the standalone financial statements. 1.4 Critical accounting estimates and judgments a. Revenue recognition The Company’s contracts with customers include promises to transfer multiple products and services to a customer. Revenues from customer contracts are", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 189, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2ec4ee8f02bdea42"}, {"chunk_id": "7e14f516a180fb2c", "content": "a. Revenue recognition The Company’s contracts with customers include promises to transfer multiple products and services to a customer. Revenues from customer contracts are considered for recognition and measurement when the contract has been approved, in writing, by the parties to the contract, the parties to contract are committed to perform their respective obligations under the contract, and the contract is legally enforceable. The Company assesses the services promised in a contract and identifies distinct performance obligations in the contract. Identification of distinct performance obligations to determine the deliverables and the ability of the customer to benefit independently from such deliverables, and allocation of transaction price to these distinct performance obligations involves significant judgement. Fixed price maintenance revenue is recognized ratably on a straight-line basis when services are performed through an indefinite number of repetitive acts over a specified period. Revenue from fixed price maintenance contract is recognized ratably using a percentage of completion method when the pattern of benefits from the services rendered to the customer and Company’s costs to fulfil the contract is not even through the period of the contract because the services are generally discrete in nature and not repetitive.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 189, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2ec4ee8f02bdea42"}, {"chunk_id": "263b6beb71fdd20d", "content": "the services rendered to the customer and Company’s costs to fulfil the contract is not even through the period of the contract because the services are generally discrete in nature and not repetitive. The use of method to recognize the maintenance revenues requires judgment and is based on the promises in the contract and nature of the deliverables. The Company uses the percentage-of-completion method in accounting for other fixed-price contracts. Use of the percentage-of-completion method requires the Company to determine the actual efforts or costs expended to date as a proportion of the estimated total efforts or costs to be incurred. Efforts or costs expended have been used to measure progress towards completion as there is a direct relationship between input and productivity. The estimation of total efforts or costs involves significant judgement and is assessed throughout the period of the contract to reflect any changes based on the latest available information. Contracts with customers includes subcontractor services or third-party vendor equipment or software in certain integrated services arrangements. In these types of arrangements, revenue from sales of third-party vendor products or services is recorded net of costs when the Company is acting as an agent between the customer and the vendor, and gross when the Company is the principal for the transaction.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 189, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2ec4ee8f02bdea42"}, {"chunk_id": "bec3009b2f238451", "content": "and the vendor, and gross when the Company is the principal for the transaction. In doing so, the Company first evaluates whether it obtains control of the specified goods or services before they are transferred to the customer. The Company considers whether it is primarily responsible for fulfilling the promise to provide the specified goods or services, inventory risk, pricing discretion and other factors to determine whether it controls the specified goods or services and therefore, is acting as a principal or an agent. Provisions for estimated losses, if any, on incomplete contracts are recorded in the period in which such losses become probable based on the estimated efforts or costs to complete the contract. The Company's two major tax jurisdictions are India and the United States, though the Company also files tax returns in other overseas jurisdictions. Significant judgments are involved in determining the provision for income taxes, including amount expected to be paid/recovered for uncertain tax positions. In assessing the realizability of deferred income tax assets, Management considers whether some portion or all of the deferred income tax assets will not be realized. The ultimate realization of deferred income tax assets is dependent upon the generation of future taxable income during the periods in which the temporary differences become deductible.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 189, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2ec4ee8f02bdea42"}, {"chunk_id": "fc40d6e5dc0f1304", "content": "The ultimate realization of deferred income tax assets is dependent upon the generation of future taxable income during the periods in which the temporary differences become deductible. Management considers the scheduled reversals of deferred income tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based on the level of historical taxable income and projections for future taxable income over the periods in which the deferred income tax assets are deductible, management believes that the company will realize the benefits of those deductible differences. The amount of the deferred income tax assets considered realizable, however, could be reduced in the near term if estimates of future taxable income during the carry forward period are reduced. (Refer to note 2.17) c. Property, plant and equipment Property, plant and equipment represent a significant proportion of the asset base of the Company. The charge in respect of periodic depreciation is derived after determining an estimate of an asset’s expected useful life and the expected residual value at the end of its life. The useful lives and residual values of Company's assets are determined by the management at the time the asset is acquired and reviewed periodically, including at each financial year end. The lives are based on", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 189, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2ec4ee8f02bdea42"}, {"chunk_id": "30ad95c873762c49", "content": "assets are determined by the management at the time the asset is acquired and reviewed periodically, including at each financial year end. The lives are based on historical experience with similar assets as well as anticipation of future events, which may impact their life, such as changes in technology. (Refer to note 2.1) 2. Notes to the Standalone Financial Statements 2.1 PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment are stated at cost, less accumulated depreciation and impairment, if any. Costs directly attributable to acquisition are capitalized until the property, plant and equipment are ready for use, as intended by the Management. The charge in respect of periodic depreciation is derived at after determining an estimate of an asset’s expected useful life and the expected residual value at the end of its life. The Company depreciates property, plant and equipment over their estimated useful lives using the straight-line method. The estimated useful lives of assets are as follows:", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 189, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2ec4ee8f02bdea42"}, {"chunk_id": "95cc3c1768fdc093", "content": "Building(1) 22-25 years Plant and machinery(1) 5 years Office equipment 5 years Computer equipment(1) 3-5 years Furniture and fixtures(1) 5 years Vehicles(1) 5 years Leasehold improvements Lower of useful life of the asset or lease term (1) Based on technical evaluation, the Management believes that the useful lives as given above best represent the period over which Management expects to use these assets. Hence, the useful lives for these assets is different from the useful lives as prescribed under Part C of Schedule II of the Companies Act 2013. Depreciation methods, useful lives and residual values are reviewed periodically, including at each financial year end. The useful lives are based on historical experience with similar assets as well as anticipation of future events, which may impact their life, such as changes in technology. Advances paid towards the acquisition of property, plant and equipment outstanding at each Balance Sheet date is classified as capital advances under other non-current assets and the cost of assets not ready to use before such date are disclosed under ‘Capital work-in-progress’. Subsequent expenditures relating to property, plant and equipment is capitalized only when it is probable that future economic benefits associated with these will flow to the Company and the cost of the item can be measured reliably.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 189, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "33e80580936444ea"}, {"chunk_id": "eef169d9836be300", "content": "associated with these will flow to the Company and the cost of the item can be measured reliably. The cost and related accumulated depreciation are eliminated from the financial statements upon sale or retirement of the asset. Property, plant and equipment are evaluated for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value less cost to sell and the value-in-use) is determined on an individual asset basis unless the asset does not generate cash flows that are largely independent of those from other assets. In such cases, the recoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs. If such assets are considered to be impaired, the impairment to be recognized in the Statement of Profit and Loss is measured by the amount by which the carrying value of the assets exceeds the estimated recoverable amount of the asset. An impairment loss is reversed in the Statement of Profit and Loss if there has been a change in the estimates used to determine the recoverable amount. The carrying amount of the asset is increased to its revised recoverable amount, provided that this amount does not exceed the carrying amount that would have been determined (net of any accumulated depreciation) had no impairment loss", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 189, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "33e80580936444ea"}, {"chunk_id": "130658b83fe64af7", "content": "been recognized for the asset in prior years. The changes in the carrying value of property, plant and equipment for the year ended March 31, 2025 are as follows: Particulars Land- Freehold Buildings(1)(2) Plant and machinery(2) Computer equipment(2) Leasehold Improvements Vehicles Total Gross carrying value as at April 1, 2024 1,430 10,679 3,214 1,370 7,379 2,160 963 45              27,240 Additions 47                     32                     45                     97                1,013                     47                     68                       2                1,351 Deletions** -                    (90)                   (21)                   (44)                 (475)                   (81)                 (250)                     (1)                 (962) Gross carrying value as at March 31, 2025 1,477              10,621                3,238                1,423                7,917                2,126                   781                     46              27,629 Accumulated depreciation as at April 1, 2024 -               (4,575)              (2,732)              (1,139)              (5,497)              (1,709)                 (733)                   (42)            (16,427) Depreciation -                  (402)                 (176)                   (99)              (1,034)                 (166)                 (125)                     (2)              (2,004) Accumulated depreciation on deletions**", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 189, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "33e80580936444ea"}, {"chunk_id": "a1f346d6d62ec961", "content": "Accumulated depreciation on deletions** -                       13                     20                     43                   469                     79                   247                       1                   872 Accumulated depreciation as at March 31, 2025 -               (4,964)              (2,888)              (1,195)              (6,062)              (1,796)                 (611)                   (43)            (17,559) Carrying value as at April 1, 2024 1,430                6,104                   482                   231                1,882                   451                   230                       3              10,813 Carrying value as at March 31, 2025 1,477                5,657                   350                   228                1,855                   330                   170                       3              10,070 ** During the Year ended March 31, 2025, certain assets which were not in use having gross book value of ₹411 crore (net book value: Nil)  were retired. The changes in the carrying value of property, plant and equipment for the Year ended March 31, 2024 are as follows: Particulars Land- Freehold Buildings(1)(2) Plant and machinery(2) Gross carrying value as at April 1, 2023 1,429 10,445 3,144 1,314 7,235 2,129 968 45              26,709 Additions", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 189, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "33e80580936444ea"}, {"chunk_id": "6584aa40901dca4c", "content": "Particulars Land- Freehold Buildings(1)(2) Plant and machinery(2) Gross carrying value as at April 1, 2023 1,429 10,445 3,144 1,314 7,235 2,129 968 45              26,709 Additions 1                   289                   119                     90                   765                   100                     70                       1                1,435 Computer equipment(2) Leasehold Improvements Vehicles Total Additions through business transfer (Refer to note 2.5) -                       -                       -                         2                     12                       8                     12 -                       34 Deletions* -                    (55)                   (49)                   (36)                 (633)                   (77)                   (87)                     (1)                 (938)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 189, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "33e80580936444ea"}, {"chunk_id": "875c570b364e1e47", "content": "Gross carrying value as at March 31, 2024 1,430              10,679                3,214                1,370                7,379                2,160                   963                     45              27,240 Accumulated depreciation as at April 1, 2023 -               (4,223)              (2,558)              (1,060)              (4,977)              (1,549)                 (646)                   (40)            (15,053) Depreciation -                  (407)                 (223)                 (114)              (1,144)                 (230)                 (171)                     (3)              (2,292) Accumulated depreciation on deletions* -                       55                     49                     35                   624                     70                     84                       1                   918 Accumulated depreciation as at March 31, 2024 -               (4,575)              (2,732)              (1,139)              (5,497)              (1,709)                 (733)                   (42)            (16,427) Carrying value as at April 1, 2023 1,429                6,222                   586                   254                2,258                   580                   322                       5              11,656 Carrying value as at March 31, 2024", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 191, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "417806a494158886"}, {"chunk_id": "a8508bde620e81a0", "content": "Carrying value as at March 31, 2024 1,430                6,104                   482                   231                1,882                   451                   230                       3              10,813 *During the year ended March 31, 2024, certain assets which were not in use having gross book value of ₹646 crore (net book value: Nil), were retired. (1)  Buildings include ₹250/- being the value of five shares of ₹50/- each in Mittal Towers Premises Co-operative Society Limited. (2)  Includes certain assets provided on cancellable operating lease to subsidiaries. Repairs and maintenance costs are recognized in the statement of Profit and Loss when incurred. The aggregate depreciation has been included under depreciation and amortization expense in the statement of Profit and Loss. Tangible assets provided on operating lease to subsidiaries as at March 31, 2025 and March 31, 2024 are as follows: Particulars Cost Net book value Accumulated depreciation Land 32 32 32 32 Buildings 333 183 333 195 Plant and machinery 36 2 36 2 - - 150 138 34 34 Furniture and fixtures(1) 28 3 29 4 Computer Equipment 2 - 2 - Leasehold Improvement 40 10 40 16 2 2 Office equipment(1) 22 2 23 3 (1) During the year ended March 31, 2025, certain assets provided on operating lease which were not in use having gross book value of ₹2 crore (net book value: Nil)  were retired. (In ₹  crore) Particulars 2025 2024", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 191, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "417806a494158886"}, {"chunk_id": "dd6cea281b4f5c43", "content": "(In ₹  crore) Particulars 2025 2024 Aggregate depreciation charged on above assets 21                     26 Year ended  March 31, The rental income from subsidiary in current year is ₹ 75 crore and in last year it was ₹ 78 crore. Following is a summary of changes in the carrying amount of goodwill: (In ₹  crore) Particulars Carrying value at the beginning 211                    211 Carrying value at the end 211                    211 March 31, 2025 March 31, 2024 The allocation of goodwill to operating segments as at March 31, 2025 and March 31, 2024 is as follows: (In ₹ crore) Segment March 31, 2025 March 31, 2024 Financial services 64                     64 34                     34 28                     28 27                     27 Retail Communication Energy, Utilities, Resources and Services Manufacturing 21                     21 174                    174 Operating segments without significant goodwill 37                     37 Total 211                    211 2.2.2 Other Intangible Assets Intangible assets are stated at cost less accumulated amortization and impairment. Intangible assets are amortized over their respective individual estimated useful lives on a straight-line basis, from the date that they are available for use. The estimated useful life of an identifiable intangible asset is based on a number of factors including the effects", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 191, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "417806a494158886"}, {"chunk_id": "0ce027190da296ba", "content": "straight-line basis, from the date that they are available for use. The estimated useful life of an identifiable intangible asset is based on a number of factors including the effects of obsolescence, demand, competition, and other economic factors (such as the stability of the industry, and known technological advances), and the level of maintenance expenditures required to obtain the expected future cash flows from the asset. Amortization methods and useful lives are reviewed periodically including at each financial year end. Research costs are expensed as incurred. Software product development costs are expensed as incurred unless technical and commercial feasibility of the project is demonstrated, future economic benefits are probable, the Company has an intention and ability to complete and use or sell the software and the costs can be measured reliably. The costs which can be capitalized include the cost of material, direct labor, overhead costs that are directly attributable to prepare the asset for its intended use. The changes in the carrying value of acquired intangible assets for the year ended March 31, 2025 are as follows Gross carrying value as at April 1, 2024 113                     54                     26                     26                    219 Deletions -                        -                        -                        -                        -", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 191, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "417806a494158886"}, {"chunk_id": "32e41e110aa89a52", "content": "113                     54                     26                     26                    219 Deletions -                        -                        -                        -                        - Gross carrying value as at March 31, 2025 113                     54                     26                     26                    219 Accumulated amortization as at April 1, 2024 (113)                    (54)                    (26)                    (26)                  (219)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 191, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "417806a494158886"}, {"chunk_id": "5f349fe3247a0702", "content": "Amortization expense -                        -                        -                        -                        - Accumulated amortization on deletions -                        -                        -                        -                        - Accumulated amortization as at March 31, 2025 (113)                    (54)                    (26)                    (26)                  (219) Carrying value as at March 31, 2025 -                        -                        -                        -                        - Carrying value as at April 1, 2024 -                        -                        -                        -                        - Following are the changes in the carrying value of acquired intangible assets for the year ended March 31, 2024: Gross carrying value as at April 1, 2023 113                     54                     26                     26                    219 Deletions -                        -                        -                        -                        - Gross carrying value as at March 31, 2024 113                     54                     26                     26                    219 Accumulated amortization as at April 1, 2023 (113)                    (51)                    (26)                    (26)                  (216) Amortization expense -                       (3) -                        -                       (3)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 192, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8f1338c4484e07ee"}, {"chunk_id": "8381ad902bfaf9e4", "content": "(113)                    (51)                    (26)                    (26)                  (216) Amortization expense -                       (3) -                        -                       (3) Accumulated amortization on deletions -                        -                        -                        -                        - Accumulated amortization as at March 31, 2024 (113)                    (54)                    (26)                    (26)                  (219) Carrying value as at March 31, 2024 -                        -                        -                        -                        - Carrying value as at April 1, 2023 -                         3 -                        -                         3 Estimated Useful Life (in years) 7                       2                       5                       5 Estimated Remaining Useful Life (in years) -                        -                        -                        - Research and Development Expenditure The amortization expense has been included under depreciation and amortization expense in the Standalone Statement of Profit and Loss. Research and Development expense recognized in net profit in the statement of profit and loss for the year ended March 31, 2025 and March 31, 2024 is ₹850 crore and ₹695 crore, respectively. The Company as a lessee", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 192, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8f1338c4484e07ee"}, {"chunk_id": "f08a55e5d994b40e", "content": "crore, respectively. The Company as a lessee The Company’s lease asset classes primarily consist of leases for land, buildings and computers. The Company assesses whether a contract contains a lease, at inception of a contract. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, the Company assesses whether: (i) the contract involves the use of an identified asset (ii) the Company has substantially all of the economic benefits from use of the asset through the period of the lease and (iii) the Company has the right to direct the use of the asset. At the date of commencement of the lease, the Company recognizes a right-of-use asset (“ROU”) and a corresponding lease liability for all lease arrangements in which it is a lessee, except for leases with a term of twelve months or less (short-term leases) and low value leases. For these short-term and low value leases, the Company recognizes the lease payments as an operating expense on a straight-line basis over the term of the lease. As a lessee, the Company determines the lease term as the non-cancellable period of a lease adjusted with any option to extend or terminate the lease, if the use of such option is reasonably certain.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 192, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8f1338c4484e07ee"}, {"chunk_id": "65c40ffceead828f", "content": "As a lessee, the Company determines the lease term as the non-cancellable period of a lease adjusted with any option to extend or terminate the lease, if the use of such option is reasonably certain. The Company makes an assessment on the expected lease term on a lease-by-lease basis and thereby assesses whether it is reasonably certain that any options to extend or terminate the contract will be exercised. In evaluating the lease term, the Company considers factors such as any significant leasehold improvements undertaken over the lease term, costs relating to the termination of the lease and the importance of the underlying asset to Infosys’s operations taking into account the location of the underlying asset and the availability of suitable alternatives. The lease term in future periods is reassessed to ensure that the lease term reflects the current economic circumstances. Certain lease arrangements include the options to extend or terminate the lease before the end of the lease term. ROU assets and lease liabilities includes these options when it is reasonably certain that they will be exercised. The right-of-use assets are initially recognized at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or prior to the commencement date of the lease plus any initial direct costs less any lease incentives.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 192, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8f1338c4484e07ee"}, {"chunk_id": "25d27b1b13ca2b89", "content": "date of the lease plus any initial direct costs less any lease incentives. They are subsequently measured at cost less accumulated depreciation and impairment losses. Right-of-use assets are depreciated from the commencement date on a straight-line basis over the shorter of the lease term and useful life of the underlying asset. Right-of-use assets are evaluated for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value less cost to sell and the value-in-use) is determined on an individual asset basis unless the asset does not generate cash flows that are largely independent of those from other assets. In such cases, the recoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs. The lease liability is initially measured at amortized cost at the present value of the future lease payments. The lease payments are discounted using the interest rate implicit in the lease or, if not readily determinable, using the incremental borrowing rates in the country of domicile of these leases. Lease liabilities are remeasured with a corresponding adjustment to the related right of use asset if the Company changes its assessment if whether it will exercise an extension or a termination option.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 192, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8f1338c4484e07ee"}, {"chunk_id": "c21f4bd2713229c8", "content": "Lease liabilities are remeasured with a corresponding adjustment to the related right of use asset if the Company changes its assessment if whether it will exercise an extension or a termination option. Lease liability and ROU asset have been separately presented in the Balance Sheet and lease payments have been classified as financing cash flows. The Company as a lessor", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 192, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8f1338c4484e07ee"}, {"chunk_id": "6ddbe1a4d2b90b71", "content": "Leases for which the Company is a lessor is classified as a finance or operating lease. Whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee, the contract is classified as a finance lease. All other leases are classified as operating leases. When the Company is an intermediate lessor, it accounts for its interests in the head lease and the sublease separately. The sublease is classified as a finance or operating lease by reference to the right-of-use asset arising from the head lease. For operating leases, rental income is recognized on a straight line basis over the term of the relevant lease. (In ₹ crore) Particulars Total Land Buildings Computers Balance as at April 1, 2024 534          2,266               503               3,303 Additions* -               430               353                  783 Deletions -            (181)             (207)                (388) Depreciation (4)           (410)             (206)                (620) Balance as at March 31, 2025 530          2,105               443               3,078 * Net of adjustments on account of modifications Following are the changes in the carrying value of right of use assets for the year ended March 31, 2025: Category of ROU asset (In ₹ crore) Particulars Total Land Buildings Computers Balance as at April 1, 2023 548          2,669               344               3,561 Additions*", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 195, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "30beadc9b63d6a53"}, {"chunk_id": "be207788734ab6c2", "content": "Category of ROU asset (In ₹ crore) Particulars Total Land Buildings Computers Balance as at April 1, 2023 548          2,669               344               3,561 Additions* -               336               420                  756 Deletions (10)           (169)               (92)                (271) Impairment -              (88) -                   (88) Depreciation (4)           (482)             (169)                (655) Balance as at March 31, 2024 534          2,266               503               3,303 * Net of adjustments on account of modifications and lease incentives Following are the changes in the carrying value of right of use assets for the year ended March 31, 2024: Category of ROU asset The aggregate depreciation expense on ROU assets is included under depreciation and amortization expense in the statement of Profit and Loss. The following is the break-up of current and non-current lease liabilities as at March 31, 2025 and March 31, 2024: Current lease liabilities 765                  678 Non-current lease liabilities 2,694               3,088 Total 3,459               3,766 The movement in lease liabilities during the year ended March 31, 2025 and March 31, 2024 is as follows : (In ₹ crore) Particulars 2024 Balance at the beginning 3,766               4,266 Additions 718                  590 Finance cost accrued during the period 162                  166 Deletions (394)                (413) Payment of lease liabilities (859)                (852)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 195, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "30beadc9b63d6a53"}, {"chunk_id": "8871866142ef669e", "content": "3,766               4,266 Additions 718                  590 Finance cost accrued during the period 162                  166 Deletions (394)                (413) Payment of lease liabilities (859)                (852) Translation Difference 66                      9 Balance at the end 3,459               3,766 The table below provides details regarding the contractual maturities of lease liabilities as at March 31, 2025 and March 31, 2024 on an undiscounted basis: (In ₹ crore) Particulars 2024 Less than one year 812                  803 One to five years 2,152               2,735 More than five years 990                  819 Total 3,954               4,357 The Company does not face a significant liquidity risk with regard to its lease liabilities as the current assets are sufficient to meet the obligations related to lease liabilities as and when they fall due. Rental expense recorded for short-term leases was ₹19 crore and ₹16 crore for the year ended March 31, 2025 and March 31, 2024. Leases not yet commenced to which Company is committed is ₹66 crore for a lease term up to 5 years. The following is the movement in the net investment in lease during the year ended March 31, 2025 and March 31, 2024: (In ₹ crore) Particulars 2024 Balance at the beginning 319                  131 Addition 268                  193 Interest income accrued during the period 11                      6 Lease receipts (133)                    (8) Translation Difference", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 195, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "30beadc9b63d6a53"}, {"chunk_id": "c5fe2ce7d8dec3ab", "content": "319                  131 Addition 268                  193 Interest income accrued during the period 11                      6 Lease receipts (133)                    (8) Translation Difference 4                    (3) Balance at the end 469                  319 2.4 CAPITAL WORK -IN-PROGRESS Changes in capital work-in-progress are as follows: 2024 Balance at the beginning 277                  275 Additions during the year 1,805               1,436 Capitalized during the year (1,304)             (1,434) Balance at the end 778                  277 The capital work-in-progress ageing schedule for the year ended March 31, 2025 and March 31, 2024 is as follows: Particulars Amount in CWIP for a period of 1-2 years 2-3 years More than 3 Projects in progress 540                  204               22                 12                  778 243 22 1 11                 277 Total Capital work-in-progress 540 204 22 12 778 243 22 1 11 277 For capital-work-in progress, whose completion is overdue or has exceeded its cost compared to its original plan the project wise details of when the project is expected to be completed is given below as of March 31, 2025 and March 31, 2024: Particulars To be completed in 1-2 years 2-3 years More than 3 NO-SZ-SDB 256 -                  -                   -                    256 -                      -                  -                   -                      - Total Capital work-in-progress 256", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 195, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "30beadc9b63d6a53"}, {"chunk_id": "f413149923bd6b99", "content": "NO-SZ-SDB 256 -                  -                   -                    256 -                      -                  -                   -                      - Total Capital work-in-progress 256 -                  -                   -                    256 -                      -                 -                   -                      - (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Non-current investments Equity instruments of subsidiaries 13,724                      9,150 Redeemable Preference shares of subsidiary 2,831                      2,831 Preference securities and equity securities 251                         206 Target maturity fund units 465                         431 Others 61                           84 Tax free bonds 1,465                      1,731 Government bonds 14                           14 Non-convertible debentures 3,320                      2,216 Government Securities 5,240                      6,689 Total non-current investments 27,371                    23,352 Current investments", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 195, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "30beadc9b63d6a53"}, {"chunk_id": "f529d022a07c8fba", "content": "Liquid mutual fund units 1,185                      1,913 Commercial Papers 3,442                      4,507 Certificates of deposit 3,257                      2,945 Tax free bonds 154 - Government Securities 1,560                         204 Non-convertible debentures 1,549                      1,738 Total current investments 11,147                    11,307 Total carrying value 38,518                    34,659 (In ₹ crore, except as otherwise stated) Particulars March 31, 2025 March 31, 2024 Non-current investments Unquoted Investment carried at cost Investments in equity instruments of subsidiaries Infosys BPM Limited 662                         662 33,828 (33,828) equity shares of ₹10,000/- each, fully paid up Infosys Technologies (China) Co. Limited 369                         369 Infosys Technologies, S. de R.L. de C.V., Mexico 65                           65 17,49,99,990 (17,49,99,990) equity shares of MXN 1 par value, fully paid up Infosys Technologies (Sweden) AB 76                           76 1,000 (1,000) equity shares of SEK 100 par value, fully paid Infosys Technologies (Shanghai) Company Limited 1,010                      1,010 Infosys Public Services, Inc. 99                           99 3,50,00,000 (3,50,00,000) shares of USD 0.50 par value, fully paid Infosys Consulting Holding AG 1,323                      1,323 23,350 (23,350) - Class A shares of CHF 1,000 each and 26,460 (26,460) - Class B Shares of CHF 100 each, fully paid up EdgeVerve Systems Limited", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 196, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8d31f4f6739bc207"}, {"chunk_id": "756329e61a2bf82d", "content": "Infosys Consulting Holding AG 1,323                      1,323 23,350 (23,350) - Class A shares of CHF 1,000 each and 26,460 (26,460) - Class B Shares of CHF 100 each, fully paid up EdgeVerve Systems Limited 1,312                      1,312 1,31,18,40,000 (1,31,18,40,000) equity shares of ₹10/- each, fully paid up Infosys Nova Holdings LLC# 3,017                      2,637 Infosys Singapore Pte Ltd 4,327                           10 2,73,19,411 (1,09,90,000) shares Brilliant Basics Holding Limited 59                           59 1,346 (1,346) shares of GBP 0.005 each, fully paid up Infosys Arabia Limited 2                             2 70 (70) shares Panaya Inc. 582                         582 2 (2) shares of USD 0.01 per share, fully paid up Infosys Chile SpA 7                             7 100 (100) shares WongDoody, Inc. -                           380 Nil (100) shares Infosys Luxembourg S.a r.l. 26                           26 30,000 (30,000) shares Infosys Austria GmbH -                              - 80,000 (80,000) shares of EUR 1 par value, fully paid up Infosys Consulting Brazil 337                         337 27,50,71,070 (27,50,71,070) shares of BRL 1 per share, fully paid up Infosys Consulting S.R.L. (Romania) 34                           34 99,183 (99,183) shares of RON 100 per share, fully paid up Infosys Limited Bulgaria EOOD 2                             2 4,58,000 (4,58,000) shares of BGN 1 per share, fully paid up Infosys Germany Holdings GmbH", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 196, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8d31f4f6739bc207"}, {"chunk_id": "cf0c07feda72b459", "content": "99,183 (99,183) shares of RON 100 per share, fully paid up Infosys Limited Bulgaria EOOD 2                             2 4,58,000 (4,58,000) shares of BGN 1 per share, fully paid up Infosys Germany Holdings GmbH 2                             2 25,000 (25,000) shares EUR 1 per share, fully paid up Infosys Green Forum 1                             1 10,00,000 (10,00,000) shares ₹10 per share, fully paid up Infosys Automotive and Mobility GmbH 15                           15 Infosys Turkey Bilgi Teknolojileri Limited Sirketi 79                           48 2,770,326 (1,508,060) share Turkish Liras 100 (10,000) per share, fully paid up Infosys Consulting S.R.L. (Argentina) 2                             2 2,94,500 (2,94,500) shares AR$ 100 per share, fully paid up Infosys Business Solutions LLC 8                             8 10,000 (10,000) shares USD 100 per share, fully paid up Idunn Information Technology Private Limited 82                           82 3,27,788 (3,27,788) shared ₹ 10 per share fully paid up InSemi Technology Services Private Limited(2) 198 - 10,33,440 (Nil) shares ₹ 10 per share fully paid up in-tech Group India Private Limited 15 - 10,000 (Nil) shares ₹ 10 per share fully paid up Infosys Services (Thailand) Limited 13 - 49,99,998 (Nil) shares THB 10 per share fully paid up Investments in Redeemable Preference shares of subsidiary Infosys Singapore Pte Ltd 2,831                      2,831 51,02,00,000 (51,02,00,000 ) shares", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 196, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8d31f4f6739bc207"}, {"chunk_id": "9f9d504e77883a82", "content": "- 49,99,998 (Nil) shares THB 10 per share fully paid up Investments in Redeemable Preference shares of subsidiary Infosys Singapore Pte Ltd 2,831                      2,831 51,02,00,000 (51,02,00,000 ) shares 16,555                    11,981 (In ₹ crore, except as otherwise stated) Particulars March 31, 2025 March 31, 2024 As at Investments carried at fair value through profit or loss Target maturity fund units 465                         431 Equity and Preference securities 25 - Others (1) 61                           84 551                         515 Investments carried at fair value through other comprehensive income Preference securities 167                           91 Equity securities 2                             2 169                           93 Quoted Investments carried at amortized cost Tax free bonds 1,465                      1,731 Government bonds 14                           14 1,479                      1,745 Investments carried at fair value through other comprehensive income Non-convertible debentures 3,320                      2,216 Equity Securities 57                         113 Government Securities 5,240                      6,689 8,617                      9,018 Total non-current investments 27,371                    23,352 Unquoted Investments carried at fair value through profit or loss Liquid mutual fund units 1,185                      1,913 1,185                      1,913", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 196, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8d31f4f6739bc207"}, {"chunk_id": "7c8f7e2a59167902", "content": "27,371                    23,352 Unquoted Investments carried at fair value through profit or loss Liquid mutual fund units 1,185                      1,913 1,185                      1,913 Investments carried at fair value through other comprehensive income Commercial Papers 3,442                      4,507 Certificates of deposit 3,257                      2,945 6,699                      7,452 Quoted Investments carried at amortized cost Tax free bonds 154 - 154 -", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 196, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8d31f4f6739bc207"}, {"chunk_id": "124cab9f61dc2413", "content": "Investments carried at fair value through other comprehensive income Government Securities 1,560                         204 Non-convertible debentures 1,549                      1,738 3,109                      1,942 Total current investments 11,147                    11,307 Total investments 38,518                    34,659 13,359                    12,705 3,266                      1,942 10,269                    10,978 Aggregate amount of unquoted investments 25,159                    21,954 Aggregate amount of quoted investments Market value of quoted investments (including interest accrued), current Market value of quoted investments (including interest accrued), non-current # Aggregate amount of impairment in value of investments 94                           94 Reduction in the fair value of assets held for sale 854                         854 Investments carried at cost 16,555                    11,981 Investments carried at amortized cost 1,633                      1,745 Investments carried at fair value through other comprehensive income 18,594                    18,505 Investments carried at fair value through profit or loss 1,736                      2,428 (1)  Uncalled capital commitments outstanding as of March 31, 2025 and March 31, 2024 was ₹27  crore and ₹5 crore, respectively.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 198, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9d95f984e7fac7cb"}, {"chunk_id": "28c918eca129a298", "content": "1,736                      2,428 (1)  Uncalled capital commitments outstanding as of March 31, 2025 and March 31, 2024 was ₹27  crore and ₹5 crore, respectively. (2) On May 10, 2024, Infosys Ltd acquired 100% voting interests in InSemi Technology Services Private Limited, a semiconductor design services company headquartered in India. This acquisition is expected to strengthen our expertise in semiconductor ecosystem and Engineering R&D services. The business acquisition was conducted by entering into a share purchase agreement for a total consideration of ₹198 crore as on acquisition date, which includes a cash consideration of ₹168 crore and  contingent consideration with an estimated fair value of ₹30 crore as on the date of acquisition. At the acquisition date, the key inputs used in determination of the fair value of contingent consideration are the probabilities assigned towards achievement of financial targets and discount rate of 5.9%. The undiscounted value of contingent consideration as of March 31, 2025 was ₹33 crore. Refer to note 2.11 for accounting policies on financial instruments. Details of amounts recorded in other comprehensive income: Year ended Year ended March 31, 2025 March 31, 2024 Gross Tax Net Gross Tax Net Net Gain/(loss) on Non-convertible debentures 52                    (6)               46 55                            5                           60 Government Securities", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 198, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9d95f984e7fac7cb"}, {"chunk_id": "01d03e5d99d8aeab", "content": "March 31, 2024 Gross Tax Net Gross Tax Net Net Gain/(loss) on Non-convertible debentures 52                    (6)               46 55                            5                           60 Government Securities 155                  (14)             141 89                        (20) 69 Commercial Paper 3                    (1)                 2 -                            -                              - Certificate of deposits 3                    (1)                 2 -                            -                              - Equity and preference securities 20                    (1)               19 10                            9                           19 (In ₹ crore, except as otherwise stated) Particulars March 31, 2025 March 31, 2024 As at Method of fair valuation: (In ₹ crore) Class of investment Method Liquid mutual fund units - carried at fair value through profit or loss Quoted price Target maturity fund units - carried at fair value through profit or loss 1,185                      1,913 Quoted price 465                         431 March 31, 2025 March 31, 2024 Tax free bonds and government bonds - carried at amortized cost Quoted price and market observable inputs 1,796                      1,959 Non-convertible debentures - carried at fair value through other comprehensive income Quoted price and market observable inputs 4,869                      3,954 Government securities - carried at fair value through other comprehensive income", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 198, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9d95f984e7fac7cb"}, {"chunk_id": "4e7b180f7942f84c", "content": "income Quoted price and market observable inputs 4,869                      3,954 Government securities - carried at fair value through other comprehensive income Quoted price and market observable inputs 6,800                      6,893 Commercial Papers - carried at fair value through other comprehensive income Market observable inputs 3,442                      4,507 Certificates of deposit - carried at fair value through other comprehensive income Quoted Equity Securities - carried at fair value through other comprehensive income Market observable inputs 3,257                      2,945 Quoted price 57                         113 Unquoted equity and preference securities - carried at fair value through profit or loss Discounted cash flows method, Market multiples method, Option pricing model 25 - Unquoted equity and preference securities - carried at fair value through other comprehensive income Discounted cash flows method, Market multiples method, Option pricing model 169                           93 Others - carried at fair value through profit or loss Discounted cash flows method, Market multiples method, Option pricing model 61                           84 Total 22,126                    22,892 Note : Certain quoted investments are classified as Level 2 in the absence of active market for such investments. 2.5.1 Business transfer - IDUNN Information Technology Private Limited", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 198, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9d95f984e7fac7cb"}, {"chunk_id": "76126b3bc7a225e6", "content": "Note : Certain quoted investments are classified as Level 2 in the absence of active market for such investments. 2.5.1 Business transfer - IDUNN Information Technology Private Limited During the year ended March 31, 2024 the Company completed business transfer agreement with IDUNN Information Technology Private Limited by transferring the assets, liabilities and employees to the Company. The details of the assets and liabilities transferred and the consideration received is as below: (In ₹ crore) Particulars Total Property plant and equipment 34 Net liabilities (72) Net consideration (38) 2.5.2 Details of Investments The details of investments in preference, equity and other instruments at March 31, 2025 and March 31, 2024 are as follows: (In ₹  crore, except as otherwise stated) Particulars March 31, 2025 March 31, 2024 Preference Securities Investments carried at fair value through other comprehensive income Airviz Inc. -                                    - 2,89,695 (2,89,695) Series A Preferred Stock, fully paid up, par value USD 0.001 each Whoop Inc 129                                 60 1,10,59,340 (1,10,59,340) Series B Preferred Stock, fully paid up, par value USD 0.0001 each Nivetti Systems Private Limited 38                                 31 2,28,501 (2,28,501) Preferred Stock, fully paid up, par value ₹1/- each Investments carried at fair value through profit or loss Galaxeye Space Solutions Private Limited 17 -", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 198, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9d95f984e7fac7cb"}, {"chunk_id": "80bf8d59d424b006", "content": "1,210 (Nil) Series A compulsorily convertible cumulative Preference shares of ₹10/- each, fully paid up 4Basecare Precision Health Private Limited 8 - 18,850 (Nil) Series A compulsorily convertible cumulative Preference shares of ₹1/- each, fully paid up Equity Instrument Investments carried at fair value through other comprehensive income Merasport Technologies Private Limited -                                    - 2,420 (2,420) equity shares at ₹ 8,052/- each, fully paid up, par value ₹10/- each Global Innovation and Technology Alliance 2                                   2 15,000 (15,000) equity shares at ₹1,000/- each, fully paid up, par value ₹1,000/- each Ideaforge Technology Limited 57                               113 16,47,314 (16,47,314) equity shares at ₹10/-, fully paid up Investments carried at fair value through profit or loss Galaxeye Space Solutions Private Limited -                                    - 10 (Nil) equity shares at ₹1,36,080/- each, fully paid up, par value ₹10/- each Others-Investments carried at fair value through profit or loss Stellaris Venture Partners India 53                                 84 Yali Deeptech Fund I 8 - Total 312                               290 (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Non- Current Loan to subsidiary (1) 10 - Loans considered good - Unsecured Loans to employees 16                           34 26                           34 Loans credit impaired - Unsecured Other Loans", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 200, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d6064483d467847d"}, {"chunk_id": "c2eb78b07912177a", "content": "March 31, 2024 Non- Current Loan to subsidiary (1) 10 - Loans considered good - Unsecured Loans to employees 16                           34 26                           34 Loans credit impaired - Unsecured Other Loans Loans to employees -                             - Less: Allowance for credit impairment -                             - -                             - Total non - current loans 26                           34 Current Loans considered good - Unsecured Loans to employees 207                         208 Total current loans 207                         208 Total Loans 233                         242 (1) Includes dues from subsidiaries 10 - 2.7 OTHER FINANCIAL ASSETS (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Non-current Security deposits (1) 205                         205 Unbilled revenues (1)(5)# 1,904                      1,366 Net investment in lease(1) (Refer to note 2.3) 241                         185 Total non-current other financial assets 2,350                      1,756 Current Security deposits (1) 21                           25 Restricted deposits (1)* 2,716                      2,282 Unbilled revenues (1)(5)# 5,681                      4,993 Interest accrued but not due (1) 739                         476 Foreign currency forward and options contracts (2)(3) 171                           81 Net investment in lease(1) (Refer to note 2.3) 228                         134 Others(1)(4) 3,013                      2,138 Total current other financial assets 12,569                    10,129", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 200, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d6064483d467847d"}, {"chunk_id": "11527522bd10f36c", "content": "Net investment in lease(1) (Refer to note 2.3) 228                         134 Others(1)(4) 3,013                      2,138 Total current other financial assets 12,569                    10,129 Total other financial assets 14,919                    11,885 (1) Financial assets carried at amortized cost 14,748                    11,804 (2) Financial assets carried at fair value through other comprehensive income 28                           23 (3) Financial assets carried at fair value through Profit or Loss 143                           58 (4)  Includes dues from subsidiaries 2,863                      2,052 (5)  Includes dues from subsidiaries 165                         153 * Restricted deposits represent deposit with financial institutions to settle employee related obligations as and when they arise during the normal course of business. # Classified as financial asset as right to consideration is unconditional and is due only after a passage of time. 2.8 TRADE RECEIVABLES (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Current Trade Receivable considered good - Unsecured (1) 26,807                    25,575 Less: Allowance for expected credit loss 394                         423 Trade Receivable considered good - Unsecured 26,413                    25,152 Trade Receivable - credit impaired - Unsecured 169                         157 Less: Allowance for credit impairment 169                         157 Trade Receivable - credit impaired - Unsecured", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 200, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d6064483d467847d"}, {"chunk_id": "49e2f878cffcbfc4", "content": "Trade Receivable - credit impaired - Unsecured 169                         157 Less: Allowance for credit impairment 169                         157 Trade Receivable - credit impaired - Unsecured -                             - Total trade receivables (2) 26,413                    25,152 (1)  Includes dues from subsidiaries 250                         259 (2)  Includes dues from companies where directors are interested -                             - Trade receivables ageing schedule for the year ended as on March 31, 2025 and March 31, 2024: (In ₹ crore) Particulars Outstanding for following periods from due date of  payment 1-2 years 2-3 years More than 3 Undisputed Trade receivables – considered good 20,082 6,458 80 150 31 6                    26,807 18,724 6,175 219 394 62 1                   25,575 Undisputed Trade receivables – credit impaired - 5 4 2 5 87                         103 3 12 7 5 3 81                         111 Disputed Trade receivables – considered good - - - - - - - - - - - - -                             - Disputed Trade receivables – credit impaired - - - 42 23 1                           66 - 1 21 22 1 1 46 20,082 6,463 84 194 59 94 26,976 18,727 6,188 247 421 66 83 25,732 Less: Allowance for credit loss 563 580 Total Trade Receivables 26,413 2.9 CASH AND CASH EQUIVALENTS (In ₹ crore) Particulars", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 200, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d6064483d467847d"}, {"chunk_id": "7769d474ff50dbf6", "content": "March 31, 2025 March 31, 2024 Balances with banks In current and deposit accounts 14,265                      8,191 Cash on hand - - Total Cash and cash equivalents 14,265                      8,191 Balances with banks in unpaid dividend accounts 45                           37 Deposit with more than 12 months maturity -                             - Cash and cash equivalents as at March 31, 2025 and March 31, 2024 include restricted cash and bank balances of ₹45 crore and ₹44 crore, respectively. The deposits maintained by the Company with banks comprise of time deposits, which can be withdrawn by the Company at any point without prior notice or penalty on the principal. (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Non-current Capital advances 206                         151 Advances other than capital advances Others Prepaid expenses 154                           68 Defined benefit plan assets (Refer note no 2.21) 257                             9 Deferred contract cost Cost of obtaining a contract 299                           88 Cost of fulfillment 676                         640 Unbilled revenues(2) 119                           58 Withholding taxes and others(3) 512                         655 Total non-current other assets 2,223                      1,669 Current Advances other than capital advances Payment to vendors for supply of goods 373                         325 Others Prepaid expenses (1) 2,003                      1,886 Unbilled revenues(2)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 201, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e1ece35b71bfb4c2"}, {"chunk_id": "896e20be856b248d", "content": "Current Advances other than capital advances Payment to vendors for supply of goods 373                         325 Others Prepaid expenses (1) 2,003                      1,886 Unbilled revenues(2) 4,284                      4,397 Deferred contract cost Cost of obtaining a contract 212                         154 Cost of fulfillment 428                         266 Withholding taxes and others(3) 2,309                      2,593 Other receivables (1) 9                           15 Total current other assets 9,618                      9,636 Total other assets 11,841                    11,305 (1)  Includes dues from subsidiaries 151                         155 (2)  Classified as non-financial asset as the contractual right to consideration is dependent on completion of contractual milestones. (3) Withholding taxes and others primarily consist of input tax credits and VAT recoverable from tax authorities. 2.11 FINANCIAL INSTRUMENTS 2.11.1 Initial recognition The Company recognizes financial assets and financial liabilities when it becomes a party to the contractual provisions of the instrument. All financial assets and liabilities are recognized at fair value on initial recognition, except for trade receivables which are initially measured at transaction price. Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities, which are not at fair value through profit or loss, are added to the", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 201, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e1ece35b71bfb4c2"}, {"chunk_id": "e16a40d972ca654b", "content": "Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities, which are not at fair value through profit or loss, are added to the fair value on initial recognition. Regular way purchase and sale of financial assets are accounted for at trade date. 2.11.2 Subsequent measurement a. Non-derivative financial instruments (i) Financial assets carried at amortized cost A financial asset is subsequently measured at amortized cost if it is held within a business model whose objective is to hold the asset in order to collect contractual cash flows and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. (ii) Financial assets carried at fair value through other comprehensive income (FVOCI) A financial asset is subsequently measured at fair value through other comprehensive income if it is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. The Company has made an irrevocable election for its investments which are classified as", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 201, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e1ece35b71bfb4c2"}, {"chunk_id": "6678fb9caa8d9cda", "content": "The Company has made an irrevocable election for its investments which are classified as equity instruments to present the subsequent changes in fair value in other comprehensive income based on its business model. (iii) Financial assets carried at fair value through profit or loss (FVTPL) A financial asset which is not classified in any of the above categories are subsequently fair valued through profit or loss. (iv) Financial liabilities Financial liabilities are subsequently carried at amortized cost using the effective interest method, except for contingent consideration recognized in a business combination which is subsequently measured at fair value through profit or loss. (v) Investment in subsidiaries Investment in subsidiaries is carried at cost in the separate financial statements. b. Derivative financial instruments (i) Financial assets or financial liabilities, carried at fair value through profit or loss. The Company holds derivative financial instruments such as foreign exchange forward and option contracts to mitigate the risk of changes in exchange rates on foreign currency exposures. The counterparty for such contracts is generally a bank. This category includes derivative financial assets or liabilities which are not designated as hedges.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 201, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e1ece35b71bfb4c2"}, {"chunk_id": "c4dd606e2f213ff1", "content": "The counterparty for such contracts is generally a bank. This category includes derivative financial assets or liabilities which are not designated as hedges. Although the Company believes that these derivatives constitute hedges from an economic perspective, they may not qualify for hedge accounting under Ind AS 109, Financial Instruments. Any derivative that is either not designated as hedge, or is so designated but is ineffective as per Ind AS 109, is categorized as a financial asset or financial liability, at fair value through profit or loss. Derivatives not designated as hedges are recognized initially at fair value and attributable transaction costs are recognized in net profit in the Statement of Profit and Loss when incurred. Subsequent to initial recognition, these derivatives are measured at fair value through profit or loss and the resulting exchange gains or losses are included in other income. Assets/ liabilities in this category are presented as current assets/current liabilities if they are either held for trading or are expected to be realized within 12 months after the Balance Sheet date. The Company designates certain foreign exchange forward and options contracts as cash flow hedges to mitigate the risk of foreign exchange exposure on highly probable forecast cash transactions.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 201, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e1ece35b71bfb4c2"}, {"chunk_id": "e80bd988ec0e3470", "content": "When a derivative is designated as a cash flow hedging instrument, the effective portion of changes in the fair value of the derivative is recognized in other comprehensive income and accumulated in the cash flow hedging reserve. Any ineffective portion of changes in the fair value of the derivative is recognized immediately in the net profit in the Statement of Profit and Loss. If the hedging instrument no longer meets the criteria for hedge accounting, then hedge accounting is discontinued prospectively. If the hedging instrument expires or is sold, terminated or exercised, the cumulative gain or loss on the hedging instrument recognized in cash flow hedging reserve till the period the hedge was effective remains in cash flow hedging reserve until the forecasted transaction occurs. The cumulative gain or loss previously recognized in the cash flow hedging reserve is transferred to the net profit in the Statement of Profit and Loss upon the occurrence of the related forecasted transaction. If the forecasted transaction is no longer expected to occur, then the amount accumulated in cash flow hedging reserve is reclassified to net profit in the Statement of Profit and Loss. The Company derecognizes a financial asset when the contractual rights to the cash flows from the financial asset expire or it transfers the financial asset and the transfer qualifies for derecognition under Ind AS 109. A financial liability (or a", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 202, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c5149c5cffce1e4e"}, {"chunk_id": "55d917818c485e6c", "content": "A financial liability (or a part of a financial liability) is derecognized from the Company's Balance Sheet when the obligation specified in the contract is discharged or cancelled or expires. 2.11.3 Derecognition of financial instruments 2.11.4 Fair value of financial instruments In determining the fair value of its financial instruments, the Company uses a variety of methods and assumptions that are based on market conditions and risks existing at each reporting date. The methods used to determine fair value include discounted cash flow analysis, option pricing model, market multiples, available quoted market prices and dealer quotes. All methods of assessing fair value result in general approximation of value, and such value may never actually be realized. Refer to table 'Financial instruments by category' below for the disclosure on carrying value and fair value of financial assets and liabilities. For financial assets and liabilities maturing within one year from the Balance Sheet date and which are not carried at fair value, the carrying amounts approximate fair value due to the short maturity of these instruments. The Company recognizes loss allowances using the expected credit loss (ECL) model for the financial assets and unbilled revenues which are not fair valued through profit or loss. Loss allowance for trade receivables and unbilled revenues with", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 202, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c5149c5cffce1e4e"}, {"chunk_id": "b33ae161b7a2f1eb", "content": "Loss allowance for trade receivables and unbilled revenues with no significant financing component is measured at an amount equal to lifetime ECL. For all other financial assets, expected credit losses are measured at an amount equal to the 12-month ECL, unless there has been a significant increase in credit risk from initial recognition in which case those are measured at lifetime ECL. The Company determines the allowance for credit losses based on historical loss experience adjusted to reflect current and estimated future economic conditions. The Company considers current and anticipated future economic conditions relating to industries the Company deals with and the countries where it operates. The amount of ECLs (or reversal) that is required to adjust the loss allowance at the reporting date to the amount that is required to be recorded is recognized as an impairment loss or gain in statement of profit and loss. Financial instruments by category The carrying value and fair value of financial instruments by categories as at March 31, 2025 are as follows: (In ₹ crore) Particulars Financial assets/ liabilities at fair value through profit or loss Financial assets/liabilities at fair value through OCI value Total  carrying Designated upon initial recognition Mandatory Equity instruments designated upon initial recognition Assets: Cash and cash equivalents (Refer to note 2.9) 14,265", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 202, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c5149c5cffce1e4e"}, {"chunk_id": "5e77e654ceef1c64", "content": "Financial assets/liabilities at fair value through OCI value Total  carrying Designated upon initial recognition Mandatory Equity instruments designated upon initial recognition Assets: Cash and cash equivalents (Refer to note 2.9) 14,265 -                        -                        -                        -                14,265              14,265 Investments (Refer to note 2.5) Liquid mutual fund units -                        -                  1,185 -                        -                  1,185                1,185 Target maturity fund units -                        -                     465 -                        -                     465                   465 Commercial Papers -                        -                        -                        -                  3,442                3,442                3,442 Certificates of deposit -                        -                        -                        -                  3,257                3,257                3,257 Non convertible debentures -                        -                        -                        -                  4,869                4,869                4,869 Government Securities -                        -                        -                        -                  6,800                6,800                6,800 Trade receivables (Refer to note 2.8) 26,413", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 202, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c5149c5cffce1e4e"}, {"chunk_id": "b2e354d34499e409", "content": "Government Securities -                        -                        -                        -                  6,800                6,800                6,800 Trade receivables (Refer to note 2.8) 26,413 -                        -                        -                        -                26,413              26,413 Loans (Refer to note 2.6) 233 -                        -                        -                        -                     233                   233 Preference securities, Equity securities and others -                       25                     61                   226 -                     312                   312 Tax free bonds and government bonds 1,633 -                        -                        -                        -                  1,633                1,796  (1) Other financial assets (Refer to note 2.7) (3) 14,748 -                     143 -                       28              14,919              14,839     (2)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 202, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c5149c5cffce1e4e"}, {"chunk_id": "7654890250bd048e", "content": "Total 57,292                     25                1,854                   226              18,396              77,793              77,876 Liabilities: Trade payables (Refer to note 2.14) 2,728 -                        -                        -                        -                  2,728                2,728 Lease liabilities (Refer to note 2.3) 3,459 -                        -                        -                        -                  3,459                3,459 Other financial liabilities (Refer to note 2.13) 13,593 -                       54 -                       33              13,680              13,680 Total 19,780 -                       54 -                       33              19,867              19,867 (1)  On account of fair value changes including interest accrued (2) Excludes interest accrued on tax free bonds and government bonds carried at amortized cost of ₹80 crore (3)  Excludes unbilled revenue on contracts where the right to consideration is dependent on completion of contractual milestones The carrying value and fair value of financial instruments by categories as at March 31, 2024 were as follows: (In ₹ crore) Particulars Amortized cost Total  carrying Financial assets/ liabilities at fair value through profit or loss Financial assets/liabilities at fair value through OCI Designated upon initial recognition Mandatory Equity instruments designated upon initial recognition Assets: Cash and cash equivalents (Refer to note 2.9) 8,191", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 203, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "956139bac45960ac"}, {"chunk_id": "db64a906e4e2c5e1", "content": "Financial assets/liabilities at fair value through OCI Designated upon initial recognition Mandatory Equity instruments designated upon initial recognition Assets: Cash and cash equivalents (Refer to note 2.9) 8,191 -                        -                        -                        -                  8,191                8,191 Investments (Refer to note 2.5) Preference securities, Equity securities and others -                        -                       84                   206 -                     290                   290 Tax free bonds and government bonds 1,745 -                        -                        -                        -                  1,745                1,959     (1) Target maturity fund units -                        -                     431 -                        -                     431                   431 Liquid mutual fund units -                        -                  1,913 -                        -                  1,913                1,913 Commercial Papers -                        -                        -                        -                  4,507                4,507                4,507 Certificates of deposit -                        -                        -                        -                  2,945                2,945                2,945 Non convertible debentures", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 203, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "956139bac45960ac"}, {"chunk_id": "15902752df86a02f", "content": "Certificates of deposit -                        -                        -                        -                  2,945                2,945                2,945 Non convertible debentures -                        -                        -                        -                  3,954                3,954                3,954 Government Securities -                        -                        -                        -                  6,893                6,893                6,893 Trade receivables (Refer to note 2.8) 25,152 -                        -                        -                        -                25,152              25,152 Loans (Refer to note 2.6) 242 -                        -                        -                        -                     242                   242 Other financial assets (Refer to note 2.7)(3) 11,804 -                       58 -                       23              11,885              11,801     (2) Total 47,134 -                  2,486                   206              18,322              68,148              68,278 Liabilities: Trade payables (Refer to note 2.14) 2,493 -                        -                        -                        -                  2,493                2,493 Lease Liabilities (Refer to note 2.3) 3,766 -                        -                        -                        -                  3,766                3,766", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 203, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "956139bac45960ac"}, {"chunk_id": "5ff05ce710d77d29", "content": "Lease Liabilities (Refer to note 2.3) 3,766 -                        -                        -                        -                  3,766                3,766 Other financial liabilities (Refer to note 2.13) 11,569 -                       20 -                         1              11,590              11,590 Total 17,828 -                       20 -                         1              17,849              17,849 (1)  On account of fair value changes including interest accrued (2)  Excludes interest accrued on tax free bonds and government bonds carried at amortized cost of ₹84 crore (3)  Excludes unbilled revenue on contracts where the right to consideration is dependent on completion of contractual milestones For trade receivables, trade payables, other assets and payables maturing within one year from the Balance Sheet date, the carrying amounts approximate the fair value due to the short maturity of these instruments. Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices). Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs).", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 203, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "956139bac45960ac"}, {"chunk_id": "7829ce5dae3cb67c", "content": "Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs). The fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as at March 31, 2025 is as follows: Level 1 Level 2 Level 3 Assets Investments (Refer to note 2.5) reporting period using As at March Fair value measurement at end of the", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 203, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "956139bac45960ac"}, {"chunk_id": "72606dc5c121e084", "content": "Investments in tax free bonds 1,781                1,227                   554 - Investments in government bonds 15                     15 -                        - Investments in liquid mutual fund units 1,185                1,185 -                        - Investments in target maturity fund units 465                   465 -                        - Investments in certificates of deposit 3,257 -                  3,257 - Investments in commercial papers 3,442 -                  3,442 - Investments in non convertible debentures 4,869                4,869 -                        - Investments in government securities 6,800                6,763                     37 - Investments in equity securities 59                     57 -                         2 Investments in preference securities 192 -                        -                     192 Other investments 61 -                        -                       61 Others Derivative financial instruments - gain (Refer to note 2.7) 171 -                     171 - Derivative financial instruments -  loss  (Refer to note 2.13) 56 -                       56 - Liability towards contingent consideration (Refer to note 2.12)(1) 31 -                        -                       31 (1)  Discount rate - 6%", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 204, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "47e09a1b5ec0cda9"}, {"chunk_id": "c8e7438e045eb4b9", "content": "56 -                       56 - Liability towards contingent consideration (Refer to note 2.12)(1) 31 -                        -                       31 (1)  Discount rate - 6% During the year ended March 31, 2025, State government securities and non-convertible debentures of ₹36 crore and ₹261 crore were transferred from Level 2 to Level 1 of fair value hierarchy since these were valued based on quoted price. Further Tax free bond of ₹554 crore were transferred from Level 1 to Level 2 of fair value hierarchy, since these were valued based on market observable inputs The fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as at March 31, 2024 was as follows: period using As at March Fair value measurement at end of the reporting Level 1 Level 2 Level 3 Assets Investments (Refer to note 2.5) Investments in tax free bonds 1,944                1,944 -                        - Investments in government bonds 15                     15 -                        - Investments in liquid mutual fund units 1,913                1,913 -                        - Investments in target maturity fund units 431                   431 -                        - Investments in certificates of deposit 2,945 -                  2,945 - Investments in commercial papers 4,507 -                  4,507 - Investments in non convertible debentures 3,954                3,697                   257 - Investments in government securities", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 204, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "47e09a1b5ec0cda9"}, {"chunk_id": "ffce3d27c17bfeae", "content": "- Investments in commercial papers 4,507 -                  4,507 - Investments in non convertible debentures 3,954                3,697                   257 - Investments in government securities 6,893                6,820                     73 - Investments in equity securities 115                   113 -                         2 Investments in preference securities 91 -                        -                       91 84 -                        -                       84 Derivative financial instruments - gain (Refer to note 2.7) 81 -                       81 - Derivative financial instruments - loss (Refer note 2.13) 21 -                       21 - During the year ended March 31, 2024, tax free bonds and non-convertible debentures of ₹1,986 crore were transferred from Level 2 to Level 1 of fair value hierarchy since these were valued based on quoted price. Further State government securities of ₹73 crore were transferred from Level 1 to Level 2 of fair value hierarchy, since these were valued based on market observable inputs A one percentage point change in the unobservable inputs used in fair valuation of Level 3 assets and liabilities does not have a significant impact in its value. Majority of investments of the Company are fair valued based on Level 1 or Level 2 inputs.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 204, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "47e09a1b5ec0cda9"}, {"chunk_id": "b05f333d6a63350f", "content": "Majority of investments of the Company are fair valued based on Level 1 or Level 2 inputs. These investments primarily include investment in liquid mutual fund units, target maturity fund units, tax free bonds, certificates of deposit, commercial papers, treasury bills, government securities, non-convertible debentures, quoted bonds issued by government and quasi-government organizations. The Company invests after considering counterparty risks based on multiple criteria including Tier I capital, Capital Adequacy Ratio, Credit Rating, Profitability, NPA levels and Deposit base of banks and financial institutions. These risks are monitored regularly as per Group's risk management program. Financial risk management Financial risk factors The Company's activities expose it to a variety of financial risks: market risk, credit risk and liquidity risk. The Company's primary focus is to foresee the unpredictability of financial markets and seek to minimize potential adverse effects on its financial performance. The primary market risk to the Company is foreign exchange risk. The Company uses derivative financial instruments to mitigate foreign exchange related risk exposures. The Company's exposure to credit risk is influenced mainly by the individual characteristic of each customer and the concentration of risk from the top few customers.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 204, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "47e09a1b5ec0cda9"}, {"chunk_id": "3aec0e8b64245a50", "content": "The Company's exposure to credit risk is influenced mainly by the individual characteristic of each customer and the concentration of risk from the top few customers. The Company operates internationally and a major portion of the business is transacted in several currencies and consequently the Company is exposed to foreign exchange risk through its sales and services in the United States and elsewhere, and purchases from overseas suppliers in various foreign currencies. The Company holds derivative financial instruments such as foreign exchange forward and option contracts to mitigate the risk of changes in exchange rates on foreign currency exposures. The exchange rate between the Indian rupee and foreign currencies has changed substantially in recent years and may fluctuate substantially in the future. Consequently, the results of the Company’s operations are adversely affected as the rupee appreciates/ depreciates against these currencies. The following table analyses the foreign currency risk from financial assets and liabilities as at March 31, 2025: (In ₹  crore) Particulars U.S. dollars Euro United Kingdom Pound Sterling", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 204, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "47e09a1b5ec0cda9"}, {"chunk_id": "c64a2e09f14dfd53", "content": "Net financial assets 24,242                9,143                1,943                1,322                2,842              39,492 Net financial liabilities (11,234)               (2,132)                  (977)                  (690)                  (997)             (16,030) Total 13,008                7,011                   966                   632                1,845              23,462 The following table analyses the foreign currency risk from financial assets and liabilities as at March 31, 2024: (In ₹  crore) Particulars U.S. dollars Euro United Kingdom Pound Sterling Net financial assets 23,447                6,929                1,940                1,463                2,575              36,354 Net financial liabilities (9,918)               (1,911)                  (663)                  (798)               (1,112)             (14,402) Total 13,529                5,018                1,277                   665                1,463              21,952 Sensitivity analysis between Indian Rupee and U.S. dollars 2025 2024 Impact on the Company's incremental Operating Margins 0.46% 0.46% Sensitivity analysis is computed based on the changes in the income and expenses in foreign currency upon conversion into functional currency, due to exchange rate fluctuations between the previous reporting period and the current reporting period. Derivative financial instruments", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 205, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0c7ec5a658085bfa"}, {"chunk_id": "4d0c9702fe024cc1", "content": "period. Derivative financial instruments The Company primarily holds derivative financial instruments such as foreign currency forward and option contracts to mitigate the risk of changes in exchange rates on foreign currency exposures. The counterparty for these contracts is generally a bank. These derivative financial instruments are valued based on quoted prices for similar assets and liabilities in active markets or inputs that are directly or indirectly observable in the marketplace. The details in respect of outstanding foreign currency forward and option contracts are as follows : In million In ₹ crore In million In ₹ crore Derivatives designated as cash flow hedges As at As at March 31, 2025 March 31, 2024 In Swiss Franc 53                   513 -                        - In Euro -                        -                       30                   270 Option Contracts In Euro 341                3,140                   236                2,121 In Australian dollars 93                   500                   106                   573 In United Kingdom Pound Sterling 17                   188                     35                   368 In U.S. dollars 1,098                9,386                1,223              10,203 In Euro 652                6,009                   554                4,975 In Singapore dollars 133                   849                   171                1,046 In United Kingdom Pound Sterling", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 205, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0c7ec5a658085bfa"}, {"chunk_id": "d7d336af163e3388", "content": "In Euro 652                6,009                   554                4,975 In Singapore dollars 133                   849                   171                1,046 In United Kingdom Pound Sterling 26                   284                     78                   818 In Swiss Franc 51                   495                     16                   150 In Danish Krone 152                   188                   100                   121 In New Zealand dollars 37                   181                     30                   149 In Canadian dollars -                        -                       15                     92 In Australian dollars 24                   126                     14                     75 In Norwegian Krone 167                   136                   130                   100 In Philippine Peso -                        -                       43                     49 In Hongkong dollar 40                     44 -                        - In Hungarian Forint 2,000                     44                2,500                     57 In South African rand -                        -                       85                     37 In U.S. dollars 796                6,800                   543                4,527 In Euro 179                1,648                   100                   897 In Australian dollars 11                     57                     20                   111 Total forwards and option contracts 30,588 26,739", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 205, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0c7ec5a658085bfa"}, {"chunk_id": "1fcfda3a14cb8153", "content": "In Euro 179                1,648                   100                   897 In Australian dollars 11                     57                     20                   111 Total forwards and option contracts 30,588 26,739 The foreign exchange forward and option contracts mature within 12 months. The table below analyses the derivative financial instruments into relevant maturity groupings based on the remaining period as at the Balance Sheet date: 2024 Not later than one month 14,515                9,581 Later than one month and not later than three months 15,175              15,181 Later than three months and not later than one year 898                1,977 Total 30,588              26,739 During the year ended March 31, 2025 and March 31, 2024 the Company has designated certain foreign exchange forward and option contracts as cash flow hedges to mitigate the risk of foreign exchange exposure on highly probable forecast cash transactions. The related hedge transactions for balance in cash flow hedge reserve as at March 31, 2025 are expected to occur and reclassified to statement of profit and loss within 3 months. The Company determines the existence of an economic relationship between the hedging instrument and hedged item based on the currency, amount and timing of its forecasted cash flows. Hedge effectiveness is determined at the inception of", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 205, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0c7ec5a658085bfa"}, {"chunk_id": "923db39b4e301bdc", "content": "Hedge effectiveness is determined at the inception of the hedge relationship, and through periodic prospective effectiveness assessments to ensure that an economic relationship exists between the hedged item and hedging instrument, including whether the hedging instrument is expected to offset changes in cash flows of hedged items. If the hedge ratio for risk management purposes is no longer optimal but the risk management objective remains unchanged and the hedge continues to qualify for hedge accounting, the hedge relationship will be rebalanced by adjusting either the volume of the hedging instrument or the volume of the hedged item so that the hedge ratio aligns with the ratio used for risk management purposes. Any hedge ineffectiveness is calculated and accounted for in the Statement of Profit or Loss at the time of the hedge relationship rebalancing. The following table provides the reconciliation of cash flow hedge reserve for the year ended March 31, 2025 and March 31, 2024: (In ₹  crore) Particulars 2025 2024 Gain / (Loss)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 205, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0c7ec5a658085bfa"}, {"chunk_id": "564a049c96b8a7a7", "content": "Balance at the beginning of the year 6                     (5) Gain / (Loss) recognized in other comprehensive income during the year (5)                       8 Amount reclassified to profit and loss during the year (27)                       7 Tax impact on above 8                     (4) Balance at the end of the year (18)                       6 The Company offsets a financial asset and a financial liability when it currently has a legally enforceable right to set off the recognized amounts and the Company intends either to settle on a net basis, or to realize the asset and settle the liability simultaneously. (In ₹  crore) Particulars The quantitative information about offsetting of derivative financial assets and derivative financial liabilities is as follows: As at March 31, 2025 March 31, 2024 Derivative financial asset liability Gross amount of recognized financial asset / liability 226                  (111)                     93                    (33) Amount set off (55)                     55                    (12)                     12 Net amount presented in Balance Sheet 171                    (56)                     81                    (21) Credit risk refers to the risk of default on its obligation by the counterparty resulting in a financial loss. The maximum exposure to the credit risk at the reporting date is primarily from trade receivables amounting to ₹26,437 crore and", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 205, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1781cf59c3e53acf"}, {"chunk_id": "bce59e26ae900299", "content": "The maximum exposure to the credit risk at the reporting date is primarily from trade receivables amounting to ₹26,437 crore and ₹25,152 crore as at March 31, 2025 and March 31, 2024, respectively and unbilled revenue amounting to ₹11,988 crore and ₹10,814 crore as at March 31, 2025 and March 31, 2024, respectively. Trade receivables and unbilled revenue are typically unsecured and are derived from revenue from customers majorly located in the United States of America and Europe. Credit risk has always been managed by the Company through credit approvals, establishing credit limits and continuously monitoring the creditworthiness of the customers to which the Company grants credit terms in the normal course of business. The Company uses the expected credit loss model to assess any required allowances; and uses a provision matrix to compute the expected credit loss allowance for trade receivables and unbilled revenues. This matrix takes into account credit reports and other related credit information to the extent available. The Company's exposure to credit risk is influenced mainly by the individual characteristic of each customer and the concentration of risk from the top few customers. Exposure to customers is diversified and there is no single customer contributing more than 10% of outstanding trade receivables and unbilled revenues.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 205, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1781cf59c3e53acf"}, {"chunk_id": "d8c90d371ef37957", "content": "Exposure to customers is diversified and there is no single customer contributing more than 10% of outstanding trade receivables and unbilled revenues. The following table gives details in respect of percentage of revenues generated from top five customers and top ten customers: 2025 2024 Revenue from top five customers 12.0 11.6 Revenue from top ten customers 19.9 18.9 The Company's credit period generally ranges from 30-75 days. The allowance for lifetime expected credit loss on customer balances recognized for the year ended March 31, 2025 and March 31, 2024 is ₹63 crore and ₹108 crore, respectively. The movement in credit loss allowance on customer balance is as follows: (In ₹  crore) Particulars 2025 2024 Balance at the beginning 721                   699 Impairment loss recognized/ (reversed), net 63                   108 Amounts written off (69)                    (93) Translation differences (13)                       7 Balance at the end 702                   721 The gross carrying amount of a financial asset is written off (either partially or in full) when there is no realistic prospect of recovery. Credit risk on cash and cash equivalents is limited as the Company generally invest in deposits with banks with high ratings assigned by international and domestic credit rating agencies. Ratings are monitored periodically and the Company", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 205, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1781cf59c3e53acf"}, {"chunk_id": "28488adc56b91075", "content": "Ratings are monitored periodically and the Company has considered the latest available credit ratings as at the date of approval of these financial statements. The investments of the Company primarily include investment in liquid mutual fund units, target maturity fund units, tax free bonds, certificates of deposit, commercial paper, treasury bills, government securities, non-convertible debentures, quoted bonds issued by government and quasi government organizations. The Company invests after considering counterparty risks based on multiple criteria including Tier I Capital, Capital Adequacy Ratio, credit rating, profitability, NPA levels and deposit base of banks and financial institutions. These risks are monitored regularly as per Group’s risk management program. Liquidity risk is defined as the risk that the Company will not be able to settle or meet its obligations on time. The Company's principal sources of liquidity are cash and cash equivalents and the cash flow that is generated from operations. The Company has no outstanding borrowings. The Company believes that the working capital is sufficient to meet its current requirements. As at March 31, 2025, the Company had a working capital of ₹45406 crore including cash and cash equivalents of ₹14265 crore and current investments of ₹11147 crore. As at March 31, 2024, the Company had a working capital of ₹43,866", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 205, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1781cf59c3e53acf"}, {"chunk_id": "0ab680ef45acd500", "content": "As at March 31, 2024, the Company had a working capital of ₹43,866 crore including cash and cash equivalents of ₹8,191 crore and current investments of ₹11,306 crore. As at March 31, 2025 and March 31, 2024, the outstanding compensated absences were ₹2412 crore and ₹2,159 crore, respectively, which have been substantially funded. Accordingly, no liquidity risk is perceived. Refer to Note 2.3 for remaining contractual maturities of lease liabilities. The table below provides details regarding the contractual maturities of significant financial liabilities as at March 31, 2025: (In ₹  crore) Particulars Less than 1 1-2 years 2-4 years 4-7 years Total Trade payables 2,728 -                        -                        -                  2,728 11,712                1,732                   138                     11              13,593 Liability towards contingent consideration on an undiscounted basis (Refer to note 2.13) 11                     20 -                        -                       31 Other financial liabilities on an undiscounted basis (Refer to note 2.13) The table below provides details regarding the contractual maturities of significant financial liabilities as at March 31, 2024: (In ₹  crore) Particulars Less than 1 Trade payables 2,493 -                        -                        -                  2,493 9,697                1,240                   567                     67              11,571 1-2 years 2-4 years 4-7 years Total", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 205, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1781cf59c3e53acf"}, {"chunk_id": "31397df54fa98ecc", "content": "Ordinary shares are classified as equity share capital. Incremental costs directly attributable to the issuance of new ordinary shares, share options and buyback are recognized as a deduction from equity, net of any tax effects. Description of reserves In accordance with section 69 of the Indian Companies Act, 2013, the Company creates capital redemption reserve equal to the nominal value of the shares bought back as an appropriation from general reserve / retained earnings. Capital redemption reserve Retained earnings represent the amount of accumulated earnings of the Company. The amount received in excess of the par value of equity shares has been classified as securities premium. Amounts have been utilized for bonus issue and share buyback from share premium account. Share options outstanding account The Share options outstanding account is used to record the fair value of equity-settled share based payment transactions with employees. The amounts recorded in share options outstanding account are transferred to securities premium upon exercise of stock options and transferred to general reserve on account of stock options not exercised by employees. Special Economic Zone Re-investment reserve The Special Economic Zone Re-investment reserve has been created out of the profit of the eligible SEZ unit in terms of the provisions of Sec 10AA (1)(ii) of Income Tax Act, 1961. The reserve should be utilized by", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 207, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0323c1ef2cabd1ad"}, {"chunk_id": "95c18fc3c4c89711", "content": "The reserve should be utilized by the Company for acquiring new plant and machinery for the purpose of its business in terms of the provisions of the Sec 10AA (2) of the Income Tax Act, 1961. Other components of equity Other components of equity include remeasurement of net defined benefit liability / asset, equity instruments fair valued through other comprehensive income, changes on fair valuation of investments and changes in fair value of derivatives designated as cash flow hedges, net of taxes. Cash flow hedge reserve When a derivative is designated as a cash flow hedging instrument, the effective portion of changes in the fair value of the derivative is recognized in other comprehensive income and accumulated in the cash flow hedging reserve. The cumulative gain or loss previously recognized in the cash flow hedging reserve is transferred to the Statement of Profit and Loss upon the occurrence of the related forecasted transaction. 2.12.1 EQUITY SHARE CAPITAL (In ₹ crore, except as otherwise stated) Particulars March 31, 2025 March 31, 2024 Authorized Equity shares, ₹5/- par value 480,00,00,000 (480,00,00,000) equity shares 2,400                     2,400 Issued, Subscribed and Paid-Up Equity shares, ₹5/- par value (1) 2,076                     2,075 415,32,63,455 (415,08,67,464) equity shares fully paid-up 2,076 2,075 Forfeited shares amounted to ₹1500/- (₹1,500/-) (1) Refer to note 2.22 for details of basic and diluted shares", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 207, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0323c1ef2cabd1ad"}, {"chunk_id": "cd5b854f0e3d6ae4", "content": "2,076                     2,075 415,32,63,455 (415,08,67,464) equity shares fully paid-up 2,076 2,075 Forfeited shares amounted to ₹1500/- (₹1,500/-) (1) Refer to note 2.22 for details of basic and diluted shares The Company has only one class of shares referred to as equity shares having a par value of ₹5/-. Each holder of equity shares is entitled to one vote per share. The equity shares represented by American Depository Shares (ADS) carry similar rights to voting and dividends as the other equity shares. Each ADS represents one underlying equity share. In the event of liquidation of the Company, the holders of equity shares will be entitled to receive any of the remaining assets of the company in proportion to the number of equity shares held by the shareholders, after distribution of all preferential amounts. However, no such preferential amounts exist currently. There are no voting, dividend or liquidation rights to the holders of options issued under the company's share option plans. In the period of five years immediately preceding March 31, 2025: For details of shares reserved for issue under the employee stock option plan of the Company, refer to the note below. In the period of five years immediately preceding March 31, 2025, the Company had purchased and extinguished a total of 11,62,33,685 fully paid-up equity shares of face value ₹5/- each from the stock exchange.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 207, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0323c1ef2cabd1ad"}, {"chunk_id": "d621aefc072add31", "content": "The Company has only one class of equity shares. Capital allocation policy Effective from financial year 2025, the Company expects to continue the policy of returning approximately 85% of the free cash flow cumulatively over a 5-year period through a combination of semi-annual dividends and/or share buyback/ special dividends subject to applicable laws and requisite approvals, if any. Under this policy, the Company expects to progressively increase its annual dividend per share (excluding special dividend if any). Free cash flow is defined as net cash provided by operating activities less capital expenditure as per the consolidated statement of cash flows prepared under IFRS. Dividend and buyback include applicable taxes The Company’s objective when managing capital is to safeguard its ability to continue as a going concern and to maintain an optimal capital structure so as to maximize shareholder value. In order to maintain or achieve an optimal capital structure, the Company may adjust the amount of dividend payment, return capital to shareholders, issue new shares or buy back issued shares. As of March 31, 2025, the Company has only one class of equity shares and has no debt. Consequent to the above capital structure there are no externally imposed capital requirements. 2.12.2 Shareholding of promoter The details of the shares held by promoters as at March 31, 2025 are as follows: Promoter name", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 207, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0323c1ef2cabd1ad"}, {"chunk_id": "803df61b4147b765", "content": "2.12.2 Shareholding of promoter The details of the shares held by promoters as at March 31, 2025 are as follows: Promoter name No. of shares % of total shares % Change during the year Sudha Gopalakrishnan 95,357,000 2.30% - Rohan Murty 60,812,892 1.46% - S. Gopalakrishnan 31,853,808 0.77% - Nandan M. Nilekani 40,783,162 0.98% - Akshata Murty 38,957,096 0.94% - Asha Dinesh 38,579,304 0.93% - Sudha N. Murty 34,550,626 0.83% - Rohini Nilekani 34,335,092 0.83% - Dinesh Krishnaswamy 32,479,590 0.78% - Shreyas Shibulal 19,929,860 0.48% (6.54%) N. R. Narayana Murthy 15,145,638 0.36% - Nihar Nilekani 12,677,752 0.31% - Janhavi Nilekani 8,589,721 0.21% - Kumari Shibulal 4,945,935 0.12% - Deeksha Dinesh 7,646,684 0.18% - Divya Dinesh 7,646,684 0.18% - Meghana Gopalakrishnan 14,834,928 0.36% - Shruti Shibulal 8,705,651 0.21% 218.01% S. D. Shibulal 5,208,673 0.13% -", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 207, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0323c1ef2cabd1ad"}, {"chunk_id": "d1519ee7ee384195", "content": "Promoters Group Ekagrah Rohan Murty 1,500,000 0.04% - Gaurav Manchanda 5,773,233 0.14% (53.90%) Milan Shibulal Manchanda 6,106,302 0.15% (6.25%) Nikita Shibulal Manchanda 6,106,302 0.15% (6.25%) Bhairavi Madhusudhan Shibulal 5,427,875 0.13% (9.86%) Shray Chandra 719,424 0.02% - Tanush Nilekani Chandra 3,356,017 0.08% - The final dividend on shares is recorded as a liability on the date of approval by the shareholders and interim dividends are recorded as a liability on the date of declaration by the Company's Board of Directors. Income tax consequences of dividends on financial instruments classified as equity will be recognized according to where the entity originally recognized those past transactions or events that generated distributable profits. The Company declares and pays dividends in Indian rupees. Companies are required to pay/distribute dividend after deducting applicable taxes. The remittance of dividends outside India is governed by Indian law on foreign exchange and is also subject to withholding tax at applicable rates. The amount of per share dividend recognized as distribution to equity shareholders in accordance with Companies act 2013 is as follows:- 2025 2024 Final dividend for fiscal 2023 -                       17.50 Interim dividend for fiscal 2024 -                       18.00 Final dividend for fiscal 2024 20.00 - Special dividend for fiscal 2024 8.00 - Interim dividend for fiscal 2025 21.00 -", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 208, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "abc1807d63910210"}, {"chunk_id": "91cf17fb1a39fe98", "content": "Interim dividend for fiscal 2024 -                       18.00 Final dividend for fiscal 2024 20.00 - Special dividend for fiscal 2024 8.00 - Interim dividend for fiscal 2025 21.00 - During the year ended March 31, 2025, on account of the final and special dividend for fiscal 2024 and interim dividend for fiscal 2025, the Company has incurred a net cash outflow of ₹20,345 crore. The Board of Directors in their meeting held on April 17, 2025 recommended a final dividend of ₹22/- per equity share for the financial year ended March 31, 2025. The payment is subject to approval of shareholders in the AGM of the Company to be held on June 25, 2025 and if approved, would result in a net cash outflow of approximately ₹9,137 crore (excluding dividend paid on treasury shares). Name of the shareholder The details of shareholders holding more than 5% shares as at March 31, 2025 and March 31, 2024 are set out below: As at March 31, 2025 As at March 31, 2024 Deutsche Bank Trust Company Americas (Depository of ADR's - legal ownership) 43,98,60,715              10.59 44,24,17,564 10.66 Number of shares % held Number of shares % held Life Insurance Corporation of India 38,81,12,531                9.34 38,59,52,941 9.30 The reconciliation of the number of shares outstanding and the amount of share capital as at March 31, 2025 and March 31, 2024 is set out below: (in ₹ crore, except as stated otherwise) Particulars As at March 31, 2025", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 208, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "abc1807d63910210"}, {"chunk_id": "9f0b2e08b342b004", "content": "(in ₹ crore, except as stated otherwise) Particulars As at March 31, 2025 As at March 31, 2024 As at the beginning of the period 4,15,08,67,464              2,075 4,14,85,60,044 2,074 Number of shares Amount Number of shares Amount Add: Shares issued on exercise of employee stock options 2,395,991                     1 23,07,420 1 As at the end of the period 4,15,32,63,455              2,076 4,15,08,67,464 2,075 2.12.4 Employee Stock Option Plan (ESOP): Accounting Policy The Company recognizes compensation expense relating to share-based payments in net profit based on estimated fair-values of the awards on the grant date. The estimated fair value of awards is recognized as an expense in the statement of profit and loss on a straight-line basis over the requisite service period for each separately vesting portion of the award as if the award was in-substance, multiple awards with a corresponding increase to share options outstanding account. Infosys Expanded Stock Ownership Program 2019 (the 2019 Plan): On June 22, 2019 pursuant to approval by the shareholders in the Annual General Meeting, the Board has been authorized to introduce, offer, issue and provide share-based incentives to eligible employees of the Company and its subsidiaries under the 2019 Plan. The maximum number of shares under the 2019 plan shall not exceed 5,00,00,000 equity shares. To implement the 2019 Plan, up to 4,50,00,000 equity shares may", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 208, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "abc1807d63910210"}, {"chunk_id": "1a48c9b149c2fa1c", "content": "Company and its subsidiaries under the 2019 Plan. The maximum number of shares under the 2019 plan shall not exceed 5,00,00,000 equity shares. To implement the 2019 Plan, up to 4,50,00,000 equity shares may be issued by way of secondary acquisition of shares by Infosys Expanded Stock Ownership Trust. The Restricted Stock Units (RSUs) granted under the 2019 plan shall vest based on the achievement of defined annual performance parameters as determined by the administrator (Nomination and Remuneration Committee). The performance parameters will be based on a combination of relative Total Shareholder Return (TSR) against selected industry peers and certain broader market domestic and global indices and operating performance metrics of the company as decided by administrator. Each of the above performance parameters will be distinct for the purposes of calculation of quantity of shares to vest based on performance. These instruments will generally vest between a minimum of 1 to maximum of 3 years from the grant date. 2015 Stock Incentive Compensation Plan (the 2015 Plan): On March 31, 2016, pursuant to the approval by the shareholders through postal ballot, the Board was authorized to introduce, offer, issue and allot share-based incentives to eligible employees of the Company and its subsidiaries under the 2015 Plan.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 208, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "abc1807d63910210"}, {"chunk_id": "7c8e8d1fb616f709", "content": "its subsidiaries under the 2015 Plan. The maximum number of shares under the 2015 plan shall not exceed 2,40,38,883 equity shares (this includes 1,12,23,576 equity shares which are held by the trust towards the 2011 Plan as at March 31, 2016). These instruments will generally vest over a period of 4 years. The plan numbers mentioned above are further adjusted with the September 2018 bonus issue. The equity settled and cash settled RSUs and stock options would vest generally over a period of 4 years and shall be exercisable within the period as approved by the Nomination and Remuneration Committee (NARC). The exercise price of the RSUs will be equal to the par value of the shares and the exercise price of the stock options would be the market price as on the date of grant. Controlled trust holds 96,55,927 shares and 1,09,16,829 shares as at March 31, 2025 and March 31, 2024, respectively under the 2015 plan. Out of these shares, 200,000 equity shares each have been earmarked for welfare activities of the employees as at March 31, 2025 and March 31, 2024. The following is the summary of grants during the year ended March 31, 2025 and March 31, 2024:", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 208, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "abc1807d63910210"}, {"chunk_id": "a8a32b4720c2e856", "content": "2025 2024 2025 2024 Equity settled RSUs Key Management Personnel (KMP) 119,699          141,171                 380,842                 498,730 Employees other than KMP 3,624,646       4,046,731              1,874,690              4,640,640 3,744,345       4,187,902              2,255,532              5,139,370 Cash settled RSUs Key Management Personnel (KMP) -                      -                             -                             - Employees other than KMP -                      -                     94,050                 176,990 -                      -                     94,050                 176,990 Total Grants 3,744,345       4,187,902              2,349,582              5,316,360 Notes on grants to KMP: CEO & MD Under the 2015 plan: The Board, on April 18, 2024, based on the recommendations of the Nomination and Remuneration Committee approved the following grants for fiscal 2025. In accordance with such approval the following grants were made effective May 2, 2024. - 245,679 performance-based RSUs (Annual performance equity grant) of fair value of ₹34.75 crore. These RSUs will vest in line with the employment agreement based on achievement of certain performance targets. - 14,140 performance-based grant of RSUs (Annual performance equity ESG grant) of fair value of ₹2 crore. These RSUs will vest in line with the employment agreement based on achievement of certain", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 209, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "88c0f0068306011e"}, {"chunk_id": "a19e1c195e84b6a4", "content": "targets. - 14,140 performance-based grant of RSUs (Annual performance equity ESG grant) of fair value of ₹2 crore. These RSUs will vest in line with the employment agreement based on achievement of certain environment, social and governance milestones as determined by the Board. - 35,349 performance-based grant of RSUs (Annual performance Equity TSR grant) of fair value of ₹5 crore . These RSUs will vest in line with the employment agreement based on Company’s performance on cumulative relative TSR over the years and as determined by the Board. Further, in accordance with the employee agreement which has been approved by the shareholders, the CEO is eligible to receive an annual grant of RSUs of fair value ₹3 crore which will vest overtime in three equal annual installments upon the completion of each year of service from the respective grant date. Accordingly, annual time-based grant of 16,204 RSUs was made effective February 1, 2025 for fiscal 2025. Though the annual time based grants and annual performance equity TSR grant for the remaining employment term ending on March 31, 2027 have not been granted as of March 31, 2025, since the service commencement date precedes the grant date, the company has recorded employment stock compensation expense in accordance with Ind AS 102, Share based payments. The grant date for this purpose in accordance with Ind AS  102, Share based payments is July 1, 2022.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 209, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "88c0f0068306011e"}, {"chunk_id": "fabd41478fe12c6b", "content": "The grant date for this purpose in accordance with Ind AS  102, Share based payments is July 1, 2022. The Board, on April 18, 2024, based on the recommendations of the Nomination and Remuneration Committee, approved performance-based grant of RSUs amounting to ₹10 crore for fiscal 2025 under the 2019 Plan. These RSUs will vest based on achievement of certain performance targets. Accordingly, 70,699 performance based RSU’s were granted effective May 2, 2024. During the year ended March 31, 2025, based on recommendations of Nomination and Remuneration Committee, the Board approved 69,470 time based RSUs to other KMP under the 2015 plan. Time based RSUs will vest over four years. During the year ended March 31, 2025, based on recommendations of Nomination and Remuneration Committee, the Board approved performance based grants of 49,000 RSUs to other KMPs under the 2019 plan. These RSUs will vest over three years based on achievement of certain performance targets. The break-up of employee stock compensation expense is as follows: (in ₹ crore) Particulars 2025 2024 Granted to: KMP 70                          68 Employees other than KMP 642                        507 Total (1) 712                        575 (1) Cash settled stock compensation expense included in the above 8                            5", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 209, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "88c0f0068306011e"}, {"chunk_id": "ed9bcd279d522de3", "content": "Employees other than KMP 642                        507 Total (1) 712                        575 (1) Cash settled stock compensation expense included in the above 8                            5 The activity in the 2015 and 2019 Plan for equity-settled share based payment transactions during the year ended March 31, 2025 and March 31, 2024 is set out as follows: Year ended March 31, 2025 Year ended March 31, 2024 average exercise price 2015 Plan: RSUs Outstanding at the beginning 80,76,058                5.00 54,08,018 5.00 Granted 22,55,532 5.00 51,39,370 5.00 Exercised 20,80,865                5.00 18,15,025 5.00 Forfeited and expired 991,261                5.00 6,56,305 5.00 Outstanding at the end 72,59,464                5.00 80,76,058 5.00 Exercisable at the end 6,29,138                4.97 8,31,050 4.98 2015 Plan: Employee Stock Options (ESOPs) Outstanding at the beginning 82,050                 551                 134,030                        529 Granted -                      -                             -                             - Exercised 61,672                 573                   51,980                        499 Forfeited and expired 2,824                 499 -                             - Outstanding at the end 17,554                 499 82,050 551 Exercisable at the end 17,554 ,499 82,050 551 2019 Plan: RSUs Outstanding at the beginning 80,23,855                5.00 72,22,038 5.00 Granted 37,44,345                5.00 41,87,902 5.00 Exercised 15,14,356                5.00 16,95,705 5.00", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 209, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "88c0f0068306011e"}, {"chunk_id": "b69162854bdaeeff", "content": "17,554 ,499 82,050 551 2019 Plan: RSUs Outstanding at the beginning 80,23,855                5.00 72,22,038 5.00 Granted 37,44,345                5.00 41,87,902 5.00 Exercised 15,14,356                5.00 16,95,705 5.00 Forfeited and expired 21,81,209                5.00 16,90,380 5.00 Outstanding at the end 80,72,635                5.00 80,23,855 5.00 Exercisable at the end 7,70,321                5.00 8,14,798 5.00 The weighted average share price of option exercised is set out as follows: 2019 Plan Year ended March 31, Year ended March 31, Weighted average share price of options exercised 1,587              1,352                     1,601                     1,414 The summary of information about equity settled RSUs and ESOPs outstanding as at March 31, 2025 is as follows: 2019 plan - Options outstanding 2015 plan - Options outstanding Range of exercise prices per share (₹) No. of shares arising out of average remaining contractual No. of shares arising out of remaining contractual life 0 - 5 (RSU) 8,072,635                 1.23                       5.00       7,259,464                       1.51                       5.00 450 - 640 (ESOP) -                       -                             -              17,554                       0.58                        499 The summary of information about equity settled RSUs and ESOPs outstanding as at March 31, 2024 was as follows: 2019 plan - Options outstanding 2015 plan - Options outstanding Range of exercise prices per share (₹) No. of shares", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 209, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "88c0f0068306011e"}, {"chunk_id": "fc302417e8b68f18", "content": "remaining contractual life 0 - 5 (RSU) 8,023,855                 1.42                       5.00       8,076,058 1.77 5.00 450 - 640 (ESOP) - - - 82,050 1.10 551 As at March 31, 2025 and March 31, 2024,  2,88,384  and 2,91,795 cash settled options were outstanding respectively. The carrying value of liability towards cash settled share based payments was ₹8 crore and ₹13 crore as at March 31, 2025 and March 31, 2024 respectively. The fair value of the awards are estimated using the Black-Scholes Model for time and non-market performance-based options and Monte Carlo simulation model is used for TSR based options. The inputs to the model include the share price at date of grant, exercise price, expected volatility, expected dividends, expected term and the risk free rate of interest. Expected volatility during the expected term of the options is based on historical volatility of the observed market prices of the Company's publicly traded equity shares during a period equivalent to the expected term of the options. Expected volatility of the comparative company have been modelled based on historical movements in the market prices of their publicly traded equity shares during a period equivalent to the expected term of the options. Correlation coefficient is calculated between each peer entity and the indices as a whole or between each entity in the peer group.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 212, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c3db401a0f29edd3"}, {"chunk_id": "396920369102b231", "content": "Correlation coefficient is calculated between each peer entity and the indices as a whole or between each entity in the peer group. The fair value of each equity settled award is estimated on the date of grant using the following assumptions: For options granted in Fiscal 2025- Equity Shares- Fiscal 2024- Equity Shares- Weighted average share price (₹) / ($ ADS) 1,808              21.44                     1,588                     19.19 Exercise price (₹) / ($ ADS) 5.00                0.07                       5.00                       0.07 Expected volatility (%) 21-26 23-28 23-31 25-33 Expected life of the option (years) 1-4 1-4 1-4 1-4 Expected dividends (%) 2-3 2-3 2-3 2-3 Risk-free interest rate (%) 7 4-5 7 4-5 1,555              18.20                     1,317                     16.27 Weighted average fair value as on grant date (₹) / ($ ADS) The expected life of the RSU/ESOP is estimated based on the vesting term and contractual term of the RSU/ESOP, as well as expected exercise behavior of the employee who receives the RSU/ESOP. (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Non-current Others Compensated absences 90                              81 Accrued compensation to employees (1) 5                                7 Accrued expenses (1) 1,876                         1,779 Payable for acquisition of business - Contingent consideration (2) 20 - Other payables (1) -                                74 Total non-current other financial liabilities", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 212, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c3db401a0f29edd3"}, {"chunk_id": "ae4a4706995e1604", "content": "1,876                         1,779 Payable for acquisition of business - Contingent consideration (2) 20 - Other payables (1) -                                74 Total non-current other financial liabilities 1,991                         1,941 Current Unpaid dividends (1) 45                              37 Others Accrued compensation to employees (1) 3,781                         3,336 Accrued expenses (1)(4) 6,210                         5,134 Capital creditors (1) 470                            269 Compensated absences 2,322                         2,078 Payable for acquisition of business - Contingent consideration (2) 11 - Other payables (1)(5) 1,206                            933 Foreign currency forward and options contracts (2)(3) 56                              21 Total current other financial liabilities 14,101                      11,808 Total other financial liabilities 16,092                      13,749 (1)  Financial liability carried at amortized cost 13,593                      11,569 (2)  Financial liability carried at fair value through profit or loss 54                              20 (3)  Financial liability carried at fair value through other comprehensive income 33                                1 (4)  Includes dues to subsidiaries 56                              29 (5)  Includes dues to subsidiaries 669                            405 Financial liability towards contingent consideration on an undiscounted basis 33 -", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 212, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c3db401a0f29edd3"}, {"chunk_id": "c285e8d22f2e69e1", "content": "56                              29 (5)  Includes dues to subsidiaries 669                            405 Financial liability towards contingent consideration on an undiscounted basis 33 - Accrued expenses primarily relate to cost of technical sub-contractors, telecommunication charges, legal and professional charges, brand building expenses, overseas travel expenses, office maintenance and cost of third party software and hardware. (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Outstanding dues of micro enterprises and small enterprises 8                              92 Outstanding dues of creditors other than micro enterprises and small enterprises(1) 2,720                         2,401 Total trade payables 2,728                         2,493 (1) Includes dues to subsidiaries 900                           778 The information as required to be disclosed pursuant under the Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act, 2006) has been determined to the extent such parties have been identified on the basis of information available with the Company Amount remaining unpaid : March 31, 2025 March 31, 2024 Principal Interest Interest paid by the Company under MSMED Act, 2006 along with the amounts of the payment made to the supplier beyond the appointed day 8                              92 -                                 - 9                                6", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 212, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c3db401a0f29edd3"}, {"chunk_id": "5e20f13a0e6da695", "content": "made to the supplier beyond the appointed day 8                              92 -                                 - 9                                6 Interest due and payable for the period of delay in making payment (which has been paid but beyond the appointed day during the year) but without adding the interest specified under the MSMED Act, 2006); -                                 - Interest accrued and remaining unpaid at the end of the year Interest remaining due and payable (pertaining to prior years), until such date when the interest dues as above are actually paid to the small enterprise, for the purpose of disallowance as a deductible expenditure under section 23 of MSMED Act 2006. -                                 - -                                 - Trade payables ageing schedule for the year ended as on March 31, 2025 and March 31, 2024: (In ₹ crore) Particulars", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 212, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c3db401a0f29edd3"}, {"chunk_id": "68b013ac6008c9de", "content": "Not Due Less than  1 year 1-2 years 2-3 years More than 3 years Total Outstanding dues to MSME 8                            -                -                            -                                 - 8 92 -                -                            -                                 - 92 Others 1,557                      1,163              -                            -                                 - 2,720 2,039 362 -                            -                                 - 2,401 Total trade payables 1,565 1,163 - - - 2,728 2,131 362 - - - 2,493 Outstanding for following periods from due date of  payment Relationship with struck off companies (In ₹  crore) Name of Struck off Company Transactions during the year March 31, 2025 Nature of transactions Balance outstanding  as at March 31, 2025 There are no transactions with struck off companies for the year ending March 31, 2024 2.15 OTHER LIABILITIES (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Non-current Others Accrued defined benefit liability 74                            123 Others 21                              27 Total non - current other liabilities 95                            150 Current Unearned revenue 6,713                         5,698 Others Withholding taxes and others 2,433                         1,974 Accrued defined benefit liability 3                                2 Others 10                                7 Total current other liabilities 9,159                         7,681 Total other liabilities", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 213, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7eb7216aaf5a5be7"}, {"chunk_id": "06cce80dbcf567c7", "content": "Accrued defined benefit liability 3                                2 Others 10                                7 Total current other liabilities 9,159                         7,681 Total other liabilities 9,254                         7,831 A provision is recognized if, as a result of a past event, the Company has a present legal or constructive obligation that is reasonably estimable, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The Company recognizes a reimbursement asset when, and only when, it is virtually certain that the reimbursement will be received if the Company settles the obligation. a. Post-sales client support The Company provides its clients with a fixed-period post sales support on its fixed-price, fixed-timeframe contracts. Costs associated with such support services are accrued at the time related revenues are recorded in the Statement of Profit and Loss. The Company estimates such costs based on historical experience and estimates are reviewed on a periodic basis for any material changes in assumptions and likelihood of occurrence.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 213, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7eb7216aaf5a5be7"}, {"chunk_id": "dad01e51ea6e18e4", "content": "The Company estimates such costs based on historical experience and estimates are reviewed on a periodic basis for any material changes in assumptions and likelihood of occurrence. Provisions for onerous contracts are recognized when the expected benefits to be derived by the Company from a contract are lower than the unavoidable costs of meeting the future obligations under the contract. Provisions for estimated losses, if any, on incomplete contracts are recorded in the period in which such losses become probable based on the estimated efforts or costs to complete the contract. The provision is measured at the present value of the lower of the expected cost of terminating the contract and the expected net cost of continuing with the contract. Before a provision is established, the Company recognizes any impairment loss on the assets associated with that contract. Provision for post-sales client support and other provisions (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Current Others Post-sales client support and other provisions 993                             1,464 Total provisions 993                             1,464 The movement in the provision for post-sales client support is as follows : (In ₹ crore) Particulars Balance at the beginning 1,464 Provision recognized/(reversed) 119 Provision utilized (618) Translation difference 28 Year ended March 31, 2025 Balance at the end 993", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 213, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7eb7216aaf5a5be7"}, {"chunk_id": "ce4b7a5b7d4e35b1", "content": "(In ₹ crore) Particulars Balance at the beginning 1,464 Provision recognized/(reversed) 119 Provision utilized (618) Translation difference 28 Year ended March 31, 2025 Balance at the end 993 Provision for post sales client support and other provisions majorly represents costs associated with providing sales support services which are accrued at the time of recognition of revenues and are expected to be utilized over a period of 1 year. Income tax expense comprises current and deferred income tax. Income tax expense is recognized in net profit in the Statement of Profit and Loss except to the extent that it relates to items recognized directly in equity, in which case it is recognized in equity or other comprehensive income. Current income tax for current and prior periods is recognized at the amount expected to be paid to or recovered from the tax authorities, using the tax rates and tax laws that have been enacted or substantively enacted by the Balance Sheet date. Deferred income tax assets and liabilities are recognized for all temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 213, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7eb7216aaf5a5be7"}, {"chunk_id": "632624c62fb0e9e3", "content": "statements. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized. Deferred income tax assets and liabilities are measured using tax rates and tax laws that have been enacted or substantively enacted by the Balance Sheet date and are expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of changes in tax rates on deferred income tax assets and liabilities is recognized as income or expense in the period that includes the enactment or the substantive enactment date. A deferred income tax asset is recognized to the extent that it is probable that future taxable profit will be available against which the deductible temporary differences and tax losses can be utilized. Deferred income taxes are not provided on the undistributed earnings of subsidiaries and branches where it is expected that the earnings of the subsidiary or branch will not be distributed in the foreseeable future.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 213, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7eb7216aaf5a5be7"}, {"chunk_id": "d35d0cd2d4ff01f4", "content": "The Company offsets current tax assets and current tax liabilities; deferred tax assets and deferred tax liabilities, where it has a legally enforceable right to set off the recognized amounts and where it intends either to settle on a net basis, or to realize the asset and settle the liability simultaneously. The income tax provision for the interim period is made based on the best estimate of the annual average tax rate expected to be applicable for the full financial year. Tax benefits of deductions earned on exercise of employee share options in excess of compensation charged to income are credited to equity. Income tax expense in the statement of Profit and Loss comprises: (In ₹ crore) Particulars Current taxes 10,836                             7,306 Deferred taxes (963) 1,413 Income tax expense 9,873                             8,719 (In ₹ crore) Particulars A reconciliation of the income tax provision to the amount computed by applying the statutory income tax rate to the income before income taxes is summarized below: 2025 2024 Profit before income taxes 35,441                           35,953 Enacted tax rates in India 25.17% 34.94% Computed expected tax expense 8,920                           12,564 Tax effect due to non-taxable income for Indian tax purposes -                              (3,009) Overseas taxes 1,064                             1,081 Tax provision (reversals) 97                               (913) Effect of exempt non-operating income", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 214, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2a4dbdd09441caf0"}, {"chunk_id": "693420de1bf98c99", "content": "-                              (3,009) Overseas taxes 1,064                             1,081 Tax provision (reversals) 97                               (913) Effect of exempt non-operating income (413)                            (1,086) Effect of non-deductible expenses 168                                135 Effect of differential tax rates -                                 (189) Others 37                                136 Income tax expense 9,873                             8,719 The applicable Indian corporate statutory tax rate for the year ended March 31, 2025 is 25.17% and for the year ended March 31, 2024 is 34.94%. Income tax expense for the year ended March 31, 2025 and March 31, 2024 includes provisions (net of reversals) of ₹97 crore and reversals (net of provisions) of ₹913 crore, respectively. These provisions and reversals pertaining to prior periods are primarily on account of adjudication of certain disputed matters, upon filing of tax return and completion of assessments, across various jurisdictions. During the year ended March 31, 2025, the Company received orders under section 250 of the Income Tax Act, 1961, from the Income Tax Authorities in India for the assessment years, 2016-17 and 2019-20. These orders confirmed the Company's position with respect to tax treatment of certain contentious matters. As a result interest income (pre-tax) of", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 214, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2a4dbdd09441caf0"}, {"chunk_id": "f96fb1a3ee8a62a9", "content": "years, 2016-17 and 2019-20. These orders confirmed the Company's position with respect to tax treatment of certain contentious matters. As a result interest income (pre-tax) of ₹327 crore was recognised and provision for income tax aggregating ₹183 crore was reversed with a corresponding credit to the Statement of Profit and Loss. Also, upon resolution of the disputes, an amount aggregating to ₹1,068 crore has been reduced from contingent liabilities. During the year ended March 31, 2024, the Company received orders under sections 250 and 254 of the Income Tax Act, 1961, from the Income Tax Authorities in India for the assessment years, 2007-08 to 2015-16, 2017-18 and 2018-19. These orders confirmed the Company's position with respect to tax treatment of certain contentious matters. As a result interest income (pre-tax) of ₹1,933 crore was recognised and provision for income tax aggregating ₹525 crore was reversed with a corresponding credit to the Statement of Profit and Loss. Also, upon resolution of the disputes, an amount aggregating to ₹ 1,628 crore has been reduced from contingent liabilities. The foreign tax expense is due to income taxes payable overseas, principally in the United States. In India, the Company has benefited from certain income tax incentives that the Government of India had provided for export of software and services from the units registered", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 214, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2a4dbdd09441caf0"}, {"chunk_id": "00d9466bdbaf94cd", "content": "In India, the Company has benefited from certain income tax incentives that the Government of India had provided for export of software and services from the units registered under the Special Economic Zones Act (SEZs), 2005 in the prior years. SEZ units which began the provision of services on or after April 1, 2005 are eligible for a deduction of 100%  of profits or gains derived from the export of services for the first five years from the financial year in which the unit commenced the provision of services and 50% of such profits or gains for further five years. Up to 50% of such profits or gains is also available for a further five years subject to creation of a Special Economic Zone re-investment Reserve out of the profit for the eligible SEZ units and utilization of such reserve by the Company for acquiring new plant and machinery for the purpose of its business as per the provisions of the Income Tax Act, 1961. (Refer to Special Economic Zone Re-investment reserve under Note 2.12 Equity). Deferred income tax for the year ended March 31, 2025 and March 31, 2024 substantially relates to origination and reversal of temporary differences. Infosys is subject to a 15% Branch Profit Tax (BPT) in the U.S. to the extent its U.S. branch's net profit during the year is greater than the increase in the net assets of the U.S. branch during the year, computed in accordance with the Internal Revenue Code.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 214, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2a4dbdd09441caf0"}, {"chunk_id": "4ff9f66656b03c6a", "content": "branch during the year, computed in accordance with the Internal Revenue Code. As at March 31, 2025, Infosys' U.S. branch net assets amounted to approximately ₹ 7,755 crore. As at March 31, 2025, the Company has a deferred tax liability for branch profit tax of ₹271 crore (net of credits), as the Company estimates that these branch profits are expected to be distributed in the foreseeable future. Deferred income tax liabilities have not been recognized on temporary differences amounting to ₹16,593 crore and ₹10,776 crore as at March 31, 2025 and March 31, 2024, respectively, associated with investments in subsidiaries and branches as the Company is able to control the timing of reversal of the temporary difference and it is probable that the temporary differences will not reverse in the foreseeable future. The Company majorly intends to repatriate earnings from subsidiaries and branches only to the extent these can be distributed in a tax free manner. Deferred income tax assets have not been recognized on accumulated losses of ₹1,466 crore and ₹1,358 crore as at March 31, 2025 and March 31, 2024, respectively as it is probable that future taxable profit will not be available against which the unused tax losses can be utilized in the foreseeable future. Majority of the accumulated losses as at March 31, 2025 will expire between financial years 2028 to 2030.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 214, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2a4dbdd09441caf0"}, {"chunk_id": "f9693d29bc4957c7", "content": "March 31, 2025 March 31, 2024 Income tax assets 4,113                             8,912 Current income tax liabilities 4,016                             2,962 Net current income tax assets/(liabilities) at the end 97                             5,950 The gross movement in the current income tax assets/ (liabilities) for the year ended March 31, 2025 and March 31, 2024 is as follows: (In ₹  crore) Particulars March 31, 2025 March 31, 2024 Net current income tax assets/(liabilities) at the beginning 5,950                             3,082 Income tax paid* 4,601                             8,235 Interest receivable on income tax refund 327                             1,934 Current income tax expense (10,836)                            (7,306) Income tax benefit arising on exercise of stock options 39                                    3 Income tax on other comprehensive income 13                                    2 Transfer on account of liquidation of subsidiary 3 - Net current income tax assets/ (liabilities) at the end 97                             5,950 * net of refund The movement in gross deferred income tax assets and liabilities (before set off) for the year ended March 31, 2025 is as follows: (In ₹  crore) Particulars Carrying value as of April 1, 2024 Changes through profit and loss Translation difference Carrying value as of March 31, 2025 Deferred income tax assets/(liabilities) Property, plant and equipment 280                       15", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 215, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9103ed8141a5c5ce"}, {"chunk_id": "167dd01f1d5d4730", "content": "Particulars Carrying value as of April 1, 2024 Changes through profit and loss Translation difference Carrying value as of March 31, 2025 Deferred income tax assets/(liabilities) Property, plant and equipment 280                       15 -                                  1                                296 Lease liabilities 173                      (53) -                                 -                                  120 Trade receivables 181                        (5) -                                 -                                  176 Compensated absences 542                       65 -                                 -                                  607 Post sales client support 19                       14 -                                 -                                    33 Derivative financial instruments (11)                      (21)                             8 (24) Credits related to branch profits 811                      (37) -                                17                                791 Intangibles through business transfer 1                        (1) -                                 -                                     - Branch profit tax (1,080) 41 -                              (23)                            (1,062) SEZ reinvestment reserve (1,939) 554 -                                 -                              (1,385) Interest receivable on income tax refund (487) 416", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 215, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9103ed8141a5c5ce"}, {"chunk_id": "fcbebb34d5b6ed71", "content": "SEZ reinvestment reserve (1,939) 554 -                                 -                              (1,385) Interest receivable on income tax refund (487) 416 -                                 -                                   (71) Others 1                      (25)                          (21)                               (1)                                 (46) Total deferred income tax assets/(liabilities) (1,509) 963                          (13)                               (6)                               (565) The movement in gross deferred income tax assets and liabilities (before set off) for the year ended March 31, 2024 is as follows: (In ₹  crore) Particulars Carrying value as of April 1, 2023 Changes through profit and loss Translation difference Carrying value as of March 31, 2024 Deferred income tax assets/(liabilities) Property, plant and equipment 211                       69 -                                 -                                  280 Lease liabilities 199                      (26) -                                 -                                  173 Trade receivables 211                      (30) -                                 -                                  181 Compensated absences 501                       41 -                                 -                                  542 Post sales client support 188                    (169) -                                 -                                    19", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 215, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9103ed8141a5c5ce"}, {"chunk_id": "c27a75985d1a09fe", "content": "-                                 -                                  542 Post sales client support 188                    (169) -                                 -                                    19 Derivative financial instruments -                          (7)                            (4) -                                   (11) Credits related to branch profits 718                       84 -                                  9                                811 Intangibles through business transfer 2                        (1) -                                 -                                      1 Branch profit tax (866)                    (202) -                              (12)                            (1,080) SEZ reinvestment reserve (1,329)                    (610) -                                 -                              (1,939) Interest receivable on income tax refund -                     (487) -                                 -                                 (487) Others 78                      (75)                            (4) 2                                    1 Total deferred income tax assets/(liabilities) (87)                 (1,413)                            (8)                               (1)                            (1,509) The tax effects of significant temporary differences that resulted in deferred income tax assets and liabilities are as follows: (In ₹  crore) Particulars March 31, 2025", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 215, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9103ed8141a5c5ce"}, {"chunk_id": "65a3016e5506c15d", "content": "The tax effects of significant temporary differences that resulted in deferred income tax assets and liabilities are as follows: (In ₹  crore) Particulars March 31, 2025 March 31, 2024 Deferred income tax assets after set off 497 - Deferred income tax liabilities after set off (1,062)                            (1,509)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 215, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9103ed8141a5c5ce"}, {"chunk_id": "6bccda74275ee037", "content": "In assessing the reliazibility of deferred income tax assets, the management considers whether some portion or all of the deferred income tax assets will not be realized. The ultimate realization of deferred income tax assets is dependent upon the generation of future taxable income during the periods in which the temporary differences become deductible. The management considers the scheduled reversals of deferred income tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. Based on the level of historical taxable income and projections for future taxable income over the periods in which the deferred income tax assets are deductible, management believes that the Company will realize the benefits of those deductible differences. The amount of the deferred income tax assets considered realizable, however, could be reduced in the near term if estimates of future taxable income during the carry forward period are reduced. The Company’s Advanced Pricing Arrangement (APA) with the Internal Revenue Service (IRS) for US branch income tax expired in March 2021. The Company has applied for renewal of APA and currently the US taxable income is based on the Company’s best estimate determined based on the expected value method. 2.18 REVENUE FROM OPERATIONS", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 216, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "596814ecb35ee28b"}, {"chunk_id": "72de44ec3d5c8515", "content": "The Company has applied for renewal of APA and currently the US taxable income is based on the Company’s best estimate determined based on the expected value method. 2.18 REVENUE FROM OPERATIONS The Company derives revenues primarily from IT services comprising software development and related services, cloud and infrastructure services, maintenance, consulting and package implementation, licensing of software products and platforms across the Company’s core and digital offerings (together called as “software related services”). Contracts with customers are either on a time-and-material, unit of work, fixed-price or on a fixed-timeframe basis. Revenues from customer contracts are considered for recognition and measurement when the contract has been approved in writing, by the parties, to the contract, the parties to contract are committed to perform their respective obligations under the contract, and the contract is legally enforceable. Revenue is recognized upon transfer of control of promised products or services (“performance obligations”) to customers in an amount that reflects the consideration the Company has received or expects to receive in exchange for these products or services (“transaction price”). When there is uncertainty as to collectability, revenue recognition is postponed until such uncertainty is resolved.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 216, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "596814ecb35ee28b"}, {"chunk_id": "77678df7c89da15d", "content": "products or services (“transaction price”). When there is uncertainty as to collectability, revenue recognition is postponed until such uncertainty is resolved. The Company assesses the services promised in a contract and identifies distinct performance obligations in the contract. The Company allocates the transaction price to each distinct performance obligation based on the relative standalone selling price. The price that is regularly charged for an item when sold separately is the best evidence of its standalone selling price. In the absence of such evidence, the primary method used to estimate standalone selling price is the expected cost plus a margin, under which the Company estimates the cost of satisfying the performance obligation and then adds an appropriate margin based on similar services. The Company’s contracts may include variable consideration including rebates, volume discounts and penalties. The Company includes variable consideration as part of transaction price when there is a basis to reasonably estimate the amount of the variable consideration and when it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is resolved. Revenue on time-and-material and unit of work based contracts, are recognized as the related services are performed.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 216, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "596814ecb35ee28b"}, {"chunk_id": "706b77033ae8cbdd", "content": "occur when the uncertainty associated with the variable consideration is resolved. Revenue on time-and-material and unit of work based contracts, are recognized as the related services are performed. Fixed price maintenance revenue is recognized ratably either on a straight-line basis when services are performed through an indefinite number of repetitive acts over a specified period or ratably using a percentage of completion method when the pattern of benefits from the services rendered to the customer and Company’s costs to fulfil the contract is not even through the period of contract because the services are generally discrete in nature and not repetitive. Revenue from other fixed-price, fixed-timeframe contracts, where the performance obligations are satisfied over time is recognized using the percentage-of-completion method. Efforts or costs expended are used to determine progress towards completion as there is a direct relationship between input and productivity. Progress towards completion is measured as the ratio of costs or efforts incurred to date (representing work performed) to the estimated total costs or efforts. Estimates of transaction price and total costs or efforts are continuously monitored over the term of the contracts and are recognized in net profit in the period when these estimates change or when the estimates are revised.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 216, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "596814ecb35ee28b"}, {"chunk_id": "cfe3277891fcdcc2", "content": "price and total costs or efforts are continuously monitored over the term of the contracts and are recognized in net profit in the period when these estimates change or when the estimates are revised. Revenues and the estimated total costs or efforts are subject to revision as the contract progresses. Provisions for estimated losses, if any, on incomplete contracts are recorded in the period in which such losses become probable based on the estimated efforts or costs to complete the contract. The billing schedules agreed with customers include periodic performance based billing and / or milestone based progress billings. Revenues in excess of billing are classified as unbilled revenue while billing in excess of revenues are classified as contract liabilities (which we refer to as \"unearned revenues\"). In arrangements for software development and related services and maintenance services, by applying the revenue recognition criteria for each distinct performance obligation, the arrangements with customers generally meet the criteria for considering software development and related services as distinct performance obligations. For allocating the transaction price, the Company measures the revenue in respect of each performance obligation of a contract at its relative standalone selling price. The price that is regularly charged for an item when sold separately is the best evidence of its standalone selling price.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 216, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "596814ecb35ee28b"}, {"chunk_id": "67aae949c5f3db13", "content": "The price that is regularly charged for an item when sold separately is the best evidence of its standalone selling price. In cases where the Company is unable to determine the standalone selling price, the Company uses the expected cost plus margin approach in estimating the standalone selling price. For software development and related services, the performance obligations are satisfied as and when the services are rendered since the customer generally obtains control of the work as it progresses.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 216, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "596814ecb35ee28b"}, {"chunk_id": "6ac99931d2a8d017", "content": "Certain cloud and infrastructure services contracts include multiple elements which may be subject to other specific accounting guidance, such as leasing guidance. These contracts are accounted in accordance with such specific accounting guidance. In such arrangements where the Company is able to determine that hardware and services are distinct performance obligations, it allocates the consideration to these performance obligations on a relative standalone selling price basis. In the absence of standalone selling price, the Company uses the expected cost-plus margin approach in estimating the standalone selling price. When such arrangements are considered as a single performance obligation, revenue is recognized over the period and measure of progress is determined based on promise in the contract. Revenue from licenses where the customer obtains a “right to use” the licenses is recognized at the time the license is made available to the customer. Revenue from licenses where the customer obtains a “right to access” is recognized over the access period. Arrangements to deliver software products generally have three elements: license, implementation and Annual Technical Services (ATS). When implementation services are provided in conjunction with the licensing arrangement and the license and implementation have been identified as two distinct separate performance obligations, the transaction price for such", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 217, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4301f74bc26ee2ab"}, {"chunk_id": "4367e30aca021df9", "content": "in conjunction with the licensing arrangement and the license and implementation have been identified as two distinct separate performance obligations, the transaction price for such contracts are allocated to each performance obligation of the contract based on their relative standalone selling prices. In the absence of standalone selling price for implementation, the Company uses the expected cost plus margin approach in estimating the standalone selling price. Where the license is required to be substantially customized as part of the implementation service the entire arrangement fee for license and implementation is considered to be a single performance obligation and the revenue is recognized using the percentage-of-completion method as the implementation is performed. Revenue from client training, support and other services arising due to the sale of software products is recognized as the performance obligations are satisfied. ATS revenue is recognized ratably on a straight line basis over the period in which the services are rendered. Contracts with customers includes subcontractor services or third-party vendor equipment or software in certain integrated services arrangements. In these types of arrangements, revenue from sales of third-party vendor products or services is recorded net of costs when the Company is acting as an agent between the customer and the vendor, and gross when", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 217, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4301f74bc26ee2ab"}, {"chunk_id": "43e343641be442e0", "content": "revenue from sales of third-party vendor products or services is recorded net of costs when the Company is acting as an agent between the customer and the vendor, and gross when the Company is the principal for the transaction. In doing so, the Company first evaluates whether it obtains control of the specified goods or services before they are transferred to the customer. The Company considers whether it is primarily responsible for fulfilling the promise to provide the specified goods or services, inventory risk, pricing discretion and other factors to determine whether it controls the specified goods or services and therefore, is acting as a principal or an agent. A contract modification is a change in the scope or price or both of a contract that is approved by the parties to the contract. A contract modification that results in the addition of distinct performance obligations are accounted for either as a separate contract if the additional services are priced at the standalone selling price or as a termination of the existing contract and creation of a new contract if they are not priced at the standalone selling price. If the modification does not result in a distinct performance obligation, it is accounted for as part of the existing contract on a cumulative catch-up basis.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 217, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4301f74bc26ee2ab"}, {"chunk_id": "ca3ed32d01e35cd5", "content": "If the modification does not result in a distinct performance obligation, it is accounted for as part of the existing contract on a cumulative catch-up basis. The incremental costs of obtaining a contract (i.e., costs that would not have been incurred if the contract had not been obtained) are recognized as an asset if the Company expects to recover them. Certain eligible, nonrecurring costs (e.g. set-up or transition or transformation costs) that do not represent a separate performance obligation are recognized as an asset when such costs (a) relate directly to the contract; (b) generate or enhance resources of the Company that will be used in satisfying the performance obligation in the future; and (c) are expected to be recovered. Capitalized contract costs relating to upfront payments to customers are amortized to revenue and other capitalized costs are amortized to expenses over the respective contract life on a systematic basis consistent with the transfer of goods or services to customer to which the asset relates. Capitalized costs are monitored regularly for impairment. Impairment losses are recorded when present value of projected remaining operating cash flows is not sufficient to recover the carrying amount of the capitalized costs. Revenue from operations for the year ended March 31, 2025 and March 31, 2024 is as follows:", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 217, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4301f74bc26ee2ab"}, {"chunk_id": "f8cc7fcfb97e4dd2", "content": "Revenue from operations for the year ended March 31, 2025 and March 31, 2024 is as follows: The Company presents revenues net of indirect taxes in its Statement of Profit and Loss. (In ₹ crore) Particulars Revenue from software services 135,525                                      128,637 Revenue from products and platforms 1,067                                             296 Total revenue from operations 136,592                                      128,933 The Company derives revenues from the sale of products and platforms including Infosys Applied AI which applies next-generation AI and machine learning. The percentage of revenue from fixed-price contracts for the Year ended March 31, 2025 and March 31, 2024 is 58% and 56%, respectively. Trade receivables and Contract Balances The timing of revenue recognition, billings and cash collections results in receivables, unbilled revenue, and unearned revenue on the Company’s Balance Sheet. Amounts are billed as work progresses in accordance with agreed-upon contractual terms, either at periodic intervals (e.g., monthly or quarterly) or upon achievement of contractual milestones. The Company’s receivables are rights to consideration that are unconditional. Unbilled revenues comprising revenues in excess of billings from time and material contracts and fixed", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 217, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4301f74bc26ee2ab"}, {"chunk_id": "d22b2f69536b7cb5", "content": "The Company’s receivables are rights to consideration that are unconditional. Unbilled revenues comprising revenues in excess of billings from time and material contracts and fixed price maintenance contracts are classified as financial asset when the right to consideration is unconditional and is due only after a passage of time. Invoicing to the clients for other fixed price contracts is based on milestones as defined in the contract and therefore the timing of revenue recognition is different from the timing of invoicing to the customers. Therefore unbilled revenues for other fixed price contracts (contract asset) are classified as non-financial asset because the right to consideration is dependent on completion of contractual milestones. Invoicing in excess of earnings are classified as unearned revenue. During the year ended March 31, 2025 and March 31, 2024 , the company recognized revenue of ₹4,404 crore and ₹4,189 crore arising from opening unearned revenue as of April 1, 2024 and April 1, 2023 respectively.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 217, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4301f74bc26ee2ab"}, {"chunk_id": "e93064e578bfa65d", "content": "Trade receivables and unbilled revenues are presented net of impairment in the Balance Sheet. During the year ended March 31, 2025 and March 31, 2024, ₹4,448 crore and ₹6,396 crore of unbilled revenue pertaining to other fixed price and fixed time frame contracts as of April 1, 2024 and April 1, 2023, respectively has been reclassified to Trade receivables upon billing to customers on completion of milestones. The remaining performance obligation disclosure provides the aggregate amount of the transaction price yet to be recognized as at the end of the reporting period and an explanation as to when the Company expects to recognize these amounts in revenue. Applying the practical expedient as given in Ind AS 115, the Company has not disclosed the remaining performance obligation related disclosures for contracts where the revenue recognized corresponds directly with the value to the customer of the entity's performance completed to date, typically those contracts where invoicing is on time-and-material and unit of work-based contracts. Remaining performance obligation estimates are subject to change and are affected by several factors, including terminations, changes in the scope of contracts, periodic revalidations, adjustment for revenue that has not materialized and adjustments for currency fluctuations. Remaining performance obligation disclosure", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 219, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d441e60644ebe63a"}, {"chunk_id": "79efa4599bab8495", "content": "currency fluctuations. Remaining performance obligation disclosure The aggregate value of performance obligations that are completely or partially unsatisfied as at March 31, 2025, other than those meeting the exclusion criteria mentioned above, is ₹90,815 crore. Out of this, the Company expects to recognize revenue of around 50.9% within the next one year and around 20.4% between one and two years and remaining thereafter. The aggregate value of performance obligations that are completely or partially unsatisfied as at March 31, 2024 is ₹80,334 crore. The contracts can generally be terminated by the customers and typically includes an enforceable termination penalty payable by them. Generally, customers have not terminated contracts without cause. Other income is comprised primarily of interest income, dividend income, gain / loss on investments and exchange gain/loss on forward and options contracts and on translation of foreign currency assets and liabilities. Interest income is recognized using the effective interest method. Dividend income is recognized when the right to receive payment is established. 2.19.2 Foreign currency The functional currency of the Company is the Indian rupee. These financial statements are presented in Indian rupees (rounded off to crore; one crore equals ten million). Transactions and translations", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 219, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d441e60644ebe63a"}, {"chunk_id": "704639dac83b37e2", "content": "The functional currency of the Company is the Indian rupee. These financial statements are presented in Indian rupees (rounded off to crore; one crore equals ten million). Transactions and translations Foreign-currency denominated monetary assets and liabilities are translated into the relevant functional currency at exchange rates in effect at the Balance Sheet date. The gains or losses resulting from such translations are recognized in the Statement of Profit and Loss and reported within exchange gains/(losses) on translation of assets and liabilities, net, except when deferred in Other Comprehensive Income as qualifying cash flow hedges. Non-monetary assets and non-monetary liabilities denominated in a foreign currency and measured at fair value are translated at the exchange rate prevalent at the date when the fair value was determined. Non-monetary assets and non- monetary liabilities denominated in a foreign currency and measured at historical cost are translated at the exchange rate prevalent at the date of the transaction. The related revenue and expense are recognized using the same exchange rate. Transaction gains or losses realized upon settlement of foreign currency transactions are included in determining net profit for the period in which the transaction is settled.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 219, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d441e60644ebe63a"}, {"chunk_id": "ebad0e248b88d8de", "content": "Transaction gains or losses realized upon settlement of foreign currency transactions are included in determining net profit for the period in which the transaction is settled. Revenue, expense and cash-flow items denominated in foreign currencies are translated into the relevant functional currencies using the exchange rate in effect on the date of the transaction. Other Comprehensive Income, net of taxes includes translation differences on non-monetary financial assets measured at fair value at the reporting date, such as equities classified as financial instruments and measured at fair value through other comprehensive income (FVOCI). The Company recognizes government grants only when there is reasonable assurance that the conditions attached to them shall be complied with, and the grants will be received. Government grants related to assets are treated as deferred income and are recognized in the net profit in the Statement of Profit and Loss on a systematic and rational basis over the useful life of the asset. Government grants related to revenue are recognized on a systematic basis in the net profit in the Statement of Profit and Loss over the periods necessary to match them with the related costs which they are intended to compensate. Other income for the year ended March 31, 2025 and March 31, 2024 is as follows: Interest income on financial assets carried at amortized cost", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 219, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d441e60644ebe63a"}, {"chunk_id": "b86a6980b559c914", "content": "Other income for the year ended March 31, 2025 and March 31, 2024 is as follows: Interest income on financial assets carried at amortized cost Tax free bonds and government bonds 121                             131 Deposit with Bank and others 1,051                             665 Interest income on financial assets carried at fair value through other comprehensive income Non-convertible debentures, commercial papers, certificates of deposit and government securities 2 - Income on investments carried at fair value through profit or loss Income on investments carried at fair value through other comprehensive income 1,005                             898 Gain / (loss) on liquid mutual funds and other investments 242                             224 Gain/(loss) on investments carried at amortized cost Gain/(loss) on tax free bonds 4 - Interest on income tax refund 340                          1,936 Dividend received from subsidiary 1,522                          2,976 (206)                             111 Exchange gains/(losses) on translation of other assets and liabilities 478                             214 Miscellaneous income, net 223                             262 Exchange gains/(losses) on foreign currency forward and options contracts Total other income 4,782                          7,417 (In ₹ crore) Particulars 2025 2024 Employee benefit expenses Salaries including bonus 64,296                        62,383", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 219, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d441e60644ebe63a"}, {"chunk_id": "b74d65b242c9bff9", "content": "Total other income 4,782                          7,417 (In ₹ crore) Particulars 2025 2024 Employee benefit expenses Salaries including bonus 64,296                        62,383 Contribution to provident and other funds 2,080                          1,972 Share based payments to employees (Refer to note 2.12) 712                             575 Staff welfare 378                             209 67,466                        65,139 Cost of software packages and others", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 219, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d441e60644ebe63a"}, {"chunk_id": "8f21dc91bcb4e3cc", "content": "For own use 1,947                          1,635 Third party items bought for service delivery to clients 7,670                          5,256 9,617                          6,891 Other expenses Power and fuel 196                             172 Brand and Marketing 1,067                             851 Rates and taxes 257                             248 Repairs and Maintenance 965                             953 Consumables 32                               23 Insurance 242                             172 Provision for post-sales client support and others (114)                               77 Commission to non-whole time directors 18                               16 Impairment loss recognized / (reversed) under expected credit loss model (7)                             130 Auditor's remuneration Statutory audit fees 8                                 8 Tax matters -                                  - Other services -                                  - Contributions towards Corporate Social Responsibility (Refer note no 2.25) 540                             492 Others 293                             446 3,497                          3,588 2.21 EMPLOYEE BENEFITS 2.21.1 Gratuity and Pensions The Company provides for gratuity, a defined benefit retirement plan ('the Gratuity Plan') covering eligible Indian employees of Infosys. The Gratuity Plan provides a lump-sum payment to vested employees", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 220, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f0aabdeb3ca476d1"}, {"chunk_id": "210b12a0f03d7f85", "content": "The Company provides for gratuity, a defined benefit retirement plan ('the Gratuity Plan') covering eligible Indian employees of Infosys. The Gratuity Plan provides a lump-sum payment to vested employees at retirement, death, incapacitation or termination of employment, of an amount based on the respective employee's salary and the tenure of employment with the Company. The Company contributes Gratuity liabilities to the Infosys Limited Employees' Gratuity Fund Trust (the Trust). Trustees administer contributions made to the Trusts and contributions are invested in a scheme with the Life Insurance Corporation of India as permitted by Indian law. The Company operates defined benefit pension plan in certain overseas jurisdictions, in accordance with the local laws. These plans are managed by third party fund managers. The plans provide for periodic payouts after retirement and/or a lumpsum payment as set out in rules of each fund and includes death and disability benefits. The defined benefit plans require contributions which are based on a percentage of salary that varies depending on the age of the respective employees. Liabilities with regard to these defined benefit plans are determined by actuarial valuation, performed by an external actuary, at each Balance Sheet date using the projected unit credit method. These defined", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 220, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f0aabdeb3ca476d1"}, {"chunk_id": "d4086f90aa165930", "content": "These defined benefit plans expose the Company to actuarial risks, such as longevity risk, interest rate risk and market risk. The Company recognizes the net obligation of a defined benefit plan in its Balance Sheet as an asset or liability. Gains and losses through re-measurements of the net defined benefit liability/(asset) are recognized in other comprehensive income and are not reclassified to profit or loss in subsequent periods. The actual return of the portfolio of plan assets, in excess of the yields computed by applying the discount rate used to measure the defined benefit obligation is recognized in other comprehensive income. The effect of any plan amendments is recognized in net profit in the Statement of Profit and Loss. 2.21.2 Provident fund Eligible employees of Infosys receive benefits from a provident fund, which is a defined benefit plan. Both the eligible employee and the Company make monthly contributions to the provident fund plan equal to a specified percentage of the covered employee's salary. The Company contributes a portion to the Infosys Limited Employees' Provident Fund Trust. The trust invests in specific designated instruments as permitted by Indian law. The remaining portion is contributed to the government administered pension fund. The rate at which the annual interest is payable to the beneficiaries by the trust is being administered by the Government of India.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 220, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f0aabdeb3ca476d1"}, {"chunk_id": "08bc76834997d2aa", "content": "The rate at which the annual interest is payable to the beneficiaries by the trust is being administered by the Government of India. The Company has an obligation to make good the shortfall, if any, between the return from the investments of the Trust and the notified interest rate. 2.21.3 Superannuation Certain employees of Infosys are participants in a defined contribution plan. The Company has no further obligations to the Plan beyond its monthly contributions which are periodically contributed to a trust fund, the corpus of which is invested with the Life Insurance Corporation of India. 2.21.4 Compensated absences The Company has a policy on compensated absences which are both accumulating and non-accumulating in nature. The expected cost of accumulating compensated absences is determined by actuarial valuation performed by an external actuary at each Balance Sheet date using projected unit credit method on the additional amount expected to be paid / availed as a result of the unused entitlement that has accumulated at the Balance Sheet date. Expense on non-accumulating compensated absences is recognized in the period in which the absences occur. a. Gratuity and Pension The following table sets out the details of the defined benefit retirement plans and the amounts recognized in the standalone financial statements as at March 31, 2025 and March 31, 2024: (In ₹  crore) Particulars", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 220, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f0aabdeb3ca476d1"}, {"chunk_id": "b3e11f471ae106cf", "content": "2025 2024 2025 2024 Change in benefit obligations Benefit obligations at the beginning 1,830                             1,524                              686                               591 Service cost 305                                280                                 28                                 30 Interest expense 122                                104                                 11                                 11 Past service cost - plan amendments -                                     -                                   -                                 (28) Transfer 4                                  32 -                                    - Remeasurements - Actuarial (gains)/ losses 73                                  22                                 57                                 18 Employee contribution -                                     -                                   24                                 23 Benefits paid (158)                              (132)                               (18)                                 29 Translation difference 1 -                                   37                                 12 Benefit obligations at the end 2,177                             1,830                              825                               686 Change in plan assets Fair value of plan assets at the beginning", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 221, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1546d5f1cdefcc6d"}, {"chunk_id": "d0e04ac7266941dd", "content": "Benefit obligations at the end 2,177                             1,830                              825                               686 Change in plan assets Fair value of plan assets at the beginning 1,817                             1,516                              650                               537 Interest income 132                                110                                 11                                 10 Transfer 4                                    3 -                                    - Remeasurements- Return on plan assets excluding amounts included in interest income 20                                  15                                 48                                 11 Employee contribution -                                     -                                   24                                 23 Employer contribution 590                                303                                 28                                 29 Benefits paid (155)                              (130)                               (18)                                 29 Translation difference (1) -                                   32                                 11 Fair value of plan assets at the end 2,407                             1,817                              775                               650 Funded status", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 221, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1546d5f1cdefcc6d"}, {"chunk_id": "95bd4812193857b1", "content": "Fair value of plan assets at the end 2,407                             1,817                              775                               650 Funded status 230                                (13)                               (50)                               (36) Defined benefit plan asset (Refer  note 2.10) 257                                    9 -                                    - Defined benefit plan liability (27)                                (22)                               (50)                               (36) As at March 31, As at March 31, The amount for the year ended March 31, 2025 and March 31, 2024 recognized in the Statement of Profit and Loss under employee benefit expense are as follows: (In ₹  crore) Particulars Gratuity Pension Year ended March 31, Year ended March 31, 2025 2024 2025 2024 Service cost 305                                280                                 28                                 30 Net interest on the net defined benefit liability/asset (10)                                  (6) -                                     1 Plan amendments -                                     -                                   -                                 (28) Net cost 295                                274                                 28                                   3", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 221, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1546d5f1cdefcc6d"}, {"chunk_id": "f3d1fd98cb5be1b7", "content": "Net cost 295                                274                                 28                                   3 The amount for the year ended March 31, 2025 and March 31, 2024 recognized in the statement of other comprehensive income are as follows: (In ₹ crore) Particulars Gratuity Pension Year ended March 31, Year ended March 31, 2025 2024 2025 2024 Remeasurements of the net defined benefit liability/ (asset) Actuarial (gains) / losses 73                                  22                                 57                                 18 (Return) / loss on plan assets excluding amounts included in the net interest on the net defined benefit liability/(asset) (20)                                (15)                               (48)                               (11) (In ₹ crore) Particulars Break up of actuarial (gains)/losses for year ended March 31, 2025 and March 31, 2024 is as follows: 2025 2024 2025 2024 (Gain)/loss from change in demographic assumptions -                                     -                                   -                                    - (Gain)/loss from change in financial assumptions 39                                    9                                 36                                 16 (Gain) / loss from change in experience assumptions 34                                  13                                 21                                   2 Gratuity Pension Year ended March 31,", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 221, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1546d5f1cdefcc6d"}, {"chunk_id": "e8ac241f0565ca2a", "content": "(Gain) / loss from change in experience assumptions 34                                  13                                 21                                   2 Gratuity Pension Year ended March 31, Year ended March 31, The weighted-average assumptions used to determine benefit obligations as at March 31, 2025 and March 31, 2024 are set out below: 2025 2024 2025 2024 Discount Rate (1) 6.50% 7% 0.9%-3.4% 1.5%-3.4% As at March 31, As at March 31, Weighted average rate of increase in compensation levels (2) 6% 6% 1%-3% 1%-3% Weighted average duration of defined benefit obligation (3) 5.7 years 5.8 years 13 years 12 years The weighted-average assumptions used to determine net periodic benefit cost for the year ended March 31, 2025 and March 31, 2024 are set out below: Gratuity Pension Year ended March 31, Year ended March 31, 2025 2024 2025 2024 Discount rate 7.0% 7.1% 1.5%-3.4% 1.8%-3.2% Weighted average rate of increase in compensation levels 6% 6% 1%-3% 1%-3% (1)For domestic defined benefit plan in India, the market for high quality corporate bonds being not developed, the yield of government bonds is considered as the discount rate. For most of our overseas defined benefit plan, given that the market for high quality corporate bonds is not developed, the Government bond rate adjusted for corporate spreads is used.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 221, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1546d5f1cdefcc6d"}, {"chunk_id": "7dfbbb2a66eba04f", "content": "For most of our overseas defined benefit plan, given that the market for high quality corporate bonds is not developed, the Government bond rate adjusted for corporate spreads is used. (2)The average rate of increase in compensation levels is determined by the Company, considering factors such as, the Company’s past compensation revision trends, inflation in respective markets and management’s estimate of future salary increases.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 221, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1546d5f1cdefcc6d"}, {"chunk_id": "a6d5f2cfb73f59e5", "content": "(3)Attrition rate considered is the management’s estimate based on the past long-term trend of employee turnover in the Company. The tenure has been considered taking into account the past long-term trend of employees' average remaining service life which reflects the average estimated term of post-employment benefit obligation. For domestic defined benefit plan in India, assumptions regarding future mortality experience are set in accordance with the published statistics by the Life Insurance Corporation of India. For overseas defined benefit plan, the assumptions regarding future mortality experience are set with regard to the latest statistics in life expectancy, plan experience and other relevant data. The Company contributes all ascertained liabilities towards gratuity to the Infosys Limited Employees' Gratuity Fund Trust. Trustees administer contributions made to the trust. The plan assets of the overseas defined benefit plan have been primarily invested in insurer managed funds and the asset allocation for plan assets is determined based on the investment criteria prescribed under the relevant regulations applicable to pension funds and the insurer managers. The insurers' investment are diversified and provide for guaranteed interest rates arrangements. The Company assesses all the above assumptions with its projected long-term plans of growth and prevalent industry standards.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 222, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8f47234e20b29f2d"}, {"chunk_id": "ef69fae84714f1dc", "content": "The Company assesses all the above assumptions with its projected long-term plans of growth and prevalent industry standards. Actual return on assets (including remeasurement) of the gratuity plan for the year ended March 31, 2025 and March 31, 2024 were ₹152 crore and ₹125 crore, respectively and for the pension plan were ₹59 crore and ₹21 crore, respectively. The contributions for gratuity are invested in a scheme with the Life Insurance Corporation of India as permitted by Indian law. The table below sets out the details of major plan assets into various categories as at March 31, 2025 and  March 31, 2024: Pension As at March 31, 2025 2024 Equity 34% 34% Bonds 30% 32% Real Estate/Property 26% 26% Cash and Cash Equivalents 1% 1% Other 9% 7% These defined benefit plans expose the Company to actuarial risk which are set out below: Interest rate risk:  The present value of the defined benefit plan liability is generally calculated using a discount rate determined by reference to government bond yields and in certain overseas jurisdictions, it is calculated in reference to government bond yield adjusted for a corporate spread. If bond yields fall, the defined benefit obligation will tend to increase. Life expectancy and investment risk: The pension fund offers the choice between a lifelong pension and a cash lump sum upon retirement. The pension fund has defined rates for converting the lump sum to", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 222, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8f47234e20b29f2d"}, {"chunk_id": "06ed649b85f4367c", "content": "Life expectancy and investment risk: The pension fund offers the choice between a lifelong pension and a cash lump sum upon retirement. The pension fund has defined rates for converting the lump sum to a pension and there is the risk that the members live longer than implied by these conversion rates and that the pension assets don’t achieve the investment return implied by these conversion rates. Asset volatility: A proportion of the pension fund is held in equities, which is expected to outperform corporate bonds in the long term but give exposure to volatility and risk in the short term. The pension fund board of insurer is responsible for the investment strategy and equity allocation is justified given the long-term investment horizon of the pension fund and the objective to provide a reasonable long term return on members’ account balances. The sensitivity of significant assumptions used for valuation of defined benefit obligation is as follows : (in ₹ crore) Impact from Gratuity Pension 1% point increase / 0.5% point increase / decrease Discount Rate 122 38 Weighted average rate of increase in compensation level 123 4 Sensitivity for significant actuarial assumptions is computed by varying one actuarial assumption used for the valuation of defined benefit obligation, keeping all other actuarial assumptions constant. In practice, this is not probable, and changes in some of the assumptions may be correlated.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 222, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8f47234e20b29f2d"}, {"chunk_id": "9b7af41a3d5508b5", "content": "In practice, this is not probable, and changes in some of the assumptions may be correlated. The Company expects to contribute ₹350 crore to gratuity and ₹ 27 crore to pension during the fiscal 2026. Maturity profile of defined benefit obligation: (In ₹  crore) Gratuity Pension Within 1 year 267                                 46 1-2 year 268                                 49 2-3 year 292                                 50 3-4 year 278                                 54 4-5 year 255                                 50 5-10 years 950                               222 The Company contributed ₹493 crore and ₹493 crore to the Superannuation trust during the year ended March 31, 2025 and March 31, 2024 respectively and the same has been recognized in the Statement of Profit and Loss account under the head employee benefit expense. Infosys has an obligation to fund any shortfall on the yield of the trust’s investments over the administered interest rates on an annual basis. These administered rates are determined annually predominantly considering the social and economic factors. The actuary has provided a valuation for provident fund liabilities on the basis of guidance issued by Actuarial Society of India. The following tables set out the funded status of the defined benefit provident fund plan of Infosys limited and the amounts recognized in the Company's financial statements as at March 31, 2025 and March 31, 2024: Particulars As at March 31,", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 222, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8f47234e20b29f2d"}, {"chunk_id": "849abac295f274a5", "content": "31, 2024: Particulars As at March 31, 2025 2024 Change in benefit obligations Benefit obligations at the beginning 11,879                          10,527 Service cost 952                               880 Employee contribution 1,683                            1,652 Interest expense 862                               764 Actuarial (gains) / loss 218                                 96 Benefits paid (1,727)                          (2,040) Benefit obligations at the end 13,867                          11,879 Change in plan assets Fair value of plan assets at the beginning 11,812                          10,184 Interest income 858                               740 Remeasurements- Return on plan assets excluding amounts included in interest income 245                               234 Employer contribution 1,057                            1,042 Employee contribution 1,683                            1,652 Benefits paid (1,727)                          (2,040) Fair value of plan assets at the end 13,928                          11,812 Funded status [surplus/(deficit)] 61                               (67) Irrecoverable Surplus (Effect of Asset Ceiling) (61) - Net defined benefit asset/ (liability) -                                 (67)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 222, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8f47234e20b29f2d"}, {"chunk_id": "97e41036bcd46096", "content": "Amount for the year ended March 31, 2025 and March 31, 2024 recognized in the statement of other comprehensive income: 2025 2024 Service cost 952                               880 Net interest on the net defined benefit liability / asset 4                                 24 Net provident fund cost 956                               904 Particulars Year ended March 31, Amount for the year ended March 31, 2025 and March 31, 2024 recognized in the statement of other comprehensive income: Particulars Year ended March 31, 2025 2024 Remeasurements of the net defined benefit liability/ (asset) Actuarial (gains) / losses 218                                 96 (Return) / loss on plan assets excluding amounts included in the net interest on the net defined benefit liability/(asset) (245)                             (234) Asset Ceiling Effect 61 - 34                             (138) The assumptions used in determining the present value obligation of the defined benefit plan under the Deterministic Approach are as follows: Particulars As at March 31, 2025 2024 Government of India (GOI) bond yield (1) 6.50% 7.00% Expected rate of return on plan assets 8.00% 8.20% Remaining term to maturity of portfolio 6 years 6 years Expected guaranteed interest rate 8.25% 8.25% (1) In India, the market for high quality corporate bonds being not developed, the yield of government bonds is considered as the discount rate. The tenure has been considered taking into account the past", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 224, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4c34da6213e13c1b"}, {"chunk_id": "932061377b6cd368", "content": "(1) In India, the market for high quality corporate bonds being not developed, the yield of government bonds is considered as the discount rate. The tenure has been considered taking into account the past long-term trend of employees’ average remaining service life which reflects the average estimated term of the post- employment benefit obligations. The breakup of the plan assets into various categories as at March 31, 2025 and March 31, 2024 is as follows: 2025 2024 Central and State government bonds 60% 60% Public sector undertakings and Private sector bonds 28% 30% The asset allocation for plan assets is determined based on the investment criteria prescribed under the relevant regulations. The actuarial valuation of PF liability exposes the Company to interest rate risk. The defined benefit obligation calculated uses a discount rate based on government bonds. If bond yields fall, the defined benefit obligation will tend to increase. As at March 31, 2025 the defined benefit obligation would be affected by approximately ₹129 crore and ₹129 crore on account of a 0.25% increase / decrease in the expected rate of return on plan assets. The Company contributed ₹1158 crore and ₹1,100 crore to the provident fund during the year ended March 31, 2025 and March 31, 2024, respectively. The same has been recognized in the net profit in the statement of profit and loss under the head employee benefit expense.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 224, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4c34da6213e13c1b"}, {"chunk_id": "07420cb23c3d3423", "content": "The same has been recognized in the net profit in the statement of profit and loss under the head employee benefit expense. The provident plans are applicable only to employees drawing a salary in Indian rupees. (In ₹  crore) Particulars Employee benefits cost include: 2025 2024 Salaries and bonus(1) 65,492                          63,274 Defined contribution plans 493                               493 Defined benefit plans 1,481                            1,372 67,466                          65,139 (1) Includes employee stock compensation expense of ₹712  cror e and ₹575 crore for the year ended March 31, 2025 and March 31, 2024, respectively (Refer to  note 2.12). 2.22 EARNINGS PER EQUITY SHARE Basic earnings per equity share is computed by dividing the net profit attributable to the equity holders of the Company by the weighted average number of equity shares outstanding during the period. Diluted earnings per equity share is computed by dividing the net profit attributable to the equity holders of the Company by the weighted average number of equity shares considered for deriving basic earnings per equity share and also the weighted average number of equity shares that could have been issued upon conversion of all dilutive potential equity shares. The dilutive potential equity shares are adjusted for the proceeds", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 224, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4c34da6213e13c1b"}, {"chunk_id": "fd9820f1c2ed4334", "content": "The dilutive potential equity shares are adjusted for the proceeds receivable had the equity shares been actually issued at fair value (i.e. the average market value of the outstanding equity shares). Dilutive potential equity shares are deemed converted as at the beginning of the period, unless issued at a later date. Dilutive potential equity shares are determined independently for each period presented. The number of equity shares and potentially dilutive equity shares are adjusted retrospectively for all periods presented for any share splits and bonus shares issues including for changes effected prior to the approval of the financial statements by the Board of Directors. 2025 2024 Profit for the year 25,568                             27,234 Basic earnings per equity share - weighted average number of equity shares outstanding 4,15,19,36,905 4,15,00,99,796 Basic earnings per equity share 61.58                               65.62 The following is a reconciliation of the equity shares used in the computation of basic and diluted earnings per equity share: 2025 2024 Profit for the year 25,568                             27,234 Basic earnings per equity share - weighted average number of equity shares outstanding 4,15,19,36,905 4,15,00,99,796 Effect of dilutive common equivalent shares - share options outstanding 79,68,571 38,94,828", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 224, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4c34da6213e13c1b"}, {"chunk_id": "768a8c362e0377d6", "content": "Basic earnings per equity share - weighted average number of equity shares outstanding 4,15,19,36,905 4,15,00,99,796 Effect of dilutive common equivalent shares - share options outstanding 79,68,571 38,94,828 Diluted earnings per equity share - weighted average number of equity shares and common equivalent shares outstanding 4,15,99,05,476 4,15,39,94,624 Diluted earnings per equity share 61.46                               65.56 For the years ended March 31, 2025 and March 31, 2024, there were Nil and 47,395 options to purchase equity shares which had an anti-dilutive effect. 2.23 CONTINGENT LIABILITIES AND COMMITMENTS Contingent liability is a possible obligation arising from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity or a present obligation that arises from past events but is not recognized because it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation or  the amount of the obligation cannot be measured with sufficient reliability. (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Contingent liabilities: Claims against the Company, not acknowledged as debts(1) 1,772                               2,649 [Amount paid to statutory authorities ₹3,815 crore (₹8,283 crore)]", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 224, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4c34da6213e13c1b"}, {"chunk_id": "d001abfd141b0eb4", "content": "March 31, 2024 Contingent liabilities: Claims against the Company, not acknowledged as debts(1) 1,772                               2,649 [Amount paid to statutory authorities ₹3,815 crore (₹8,283 crore)] Estimated amount of contracts remaining to be executed on capital contracts and not provided for (net of advances and deposits)(2) 868                                  688 Other Commitments* 27                                      5 * Uncalled capital pertaining to investments", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 224, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4c34da6213e13c1b"}, {"chunk_id": "3ebe8131be8eb128", "content": "(1) As at March 31, 2025 and March 31, 2024, claims against the Company not acknowledged as debts in respect of income tax matters amounted to ₹1,290 crore and ₹2,260 crore, respectively. The claims against the Company primarily represent demands arising on completion of assessment proceedings under the Income Tax Act, 1961. These claims are on account of issues of disallowance of expenditure towards software being held as capital in nature, payments made to Associated Enterprises held as liable for withholding of taxes, among others. These matters are pending before various Income Tax Authorities and the Management including its tax advisors expect that its position will likely be upheld on ultimate resolution and will not have a material adverse effect on the Company financial position and results of operations Amount paid to statutory authorities against the tax claims amounted to ₹ 3,810 crore and ₹8,273 crore as at March 31, 2025 and March 31, 2024, respectively. (2) Capital contracts primarily comprises of commitments for infrastructure facilities and computer equipments. The Company is subject to legal proceedings and claims, which have arisen in the ordinary course of business. The Company’s management reasonably expects that such ordinary course legal actions, when ultimately", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 226, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8258c5d49687d5a5"}, {"chunk_id": "6978c42f72cf1d09", "content": "The Company’s management reasonably expects that such ordinary course legal actions, when ultimately concluded and determined, will not have a material and adverse effect on the Company’s results of operations or financial condition. 2.24 RELATED PARTY TRANSACTIONS List of related parties March 31, 2025 March 31, 2024 Infosys Technologies (China) Co. Limited (Infosys China)(1) China 100% 100% Name of subsidiaries Holdings as at Infosys Technologies S. de R. L. de C. V. (Infosys Mexico)(1) Mexico 100% 100% Infosys Technologies (Sweden) AB (Infosys Sweden)(1) Sweden 100% 100% Infosys Technologies (Shanghai) Company Limited (Infosys Shanghai)(1) China 100% 100% EdgeVerve Systems Limited (EdgeVerve)(1) India 100% 100% Infosys Austria GmbH(1) Austria 100% 100% Skava Systems Private Limited  (Skava Systems)(1)(35) India - 100% Infosys Chile SpA(1) Chile 100% 100% Infosys Arabia Limited(2)(20) Saudi Arabia 70% 70% Infosys Consulting Ltda.(1) Brazil 100% 100% Infosys Luxembourg S.a.r.l(1) Luxembourg 100% 100% Infosys Americas Inc. (Infosys Americas)(1)(23) U.S. - - Infosys Consulting S.R.L.(2) Argentina 100% 100% Infosys Romania S.r.l. (formerly Infosys Consulting S.R.L. (Romania))(1) Romania 100% 100% Infosys Limited Bulgaria EOOD(1) Bulgaria 100% 100% Infosys Turkey Bilgi Teknolojileri Limited Sirketi(1) Turkey 100% 100% Infosys Germany Holding Gmbh(1) Germany 100% 100% Infosys Automotive and Mobility GmbH & Co. KG(1) Germany 100% 100% Infosys Green Forum(1) India 100% 100% Infosys Business Solutions LLC(1) Qatar 100% 100%", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 226, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8258c5d49687d5a5"}, {"chunk_id": "aa17deb4c8a7293f", "content": "Turkey 100% 100% Infosys Germany Holding Gmbh(1) Germany 100% 100% Infosys Automotive and Mobility GmbH & Co. KG(1) Germany 100% 100% Infosys Green Forum(1) India 100% 100% Infosys Business Solutions LLC(1) Qatar 100% 100% WongDoody Inc. (1)(37) U.S. - 100% IDUNN Information Technology Private Limited (formerly Danske IT and Support Services India Private Limited (“Danske IT”)) (1)(25) India 100% 100% Infosys Public Services, Inc. USA (Infosys Public Services)(1) U.S. 100% 100% Infosys Public Services Canada Inc. (11) Canada 100% 100% Infosys BPM Limited(1) India 100% 100% Infosys BPM UK Limited(3) U.K. 100% 100% Infosys (Czech Republic) Limited s.r.o.(3) Czech Republic 100% 100% Infosys Poland Sp z.o.o(3) Poland 100% 100% Infosys McCamish Systems LLC(3) U.S. 100% 100% Portland Group Pty Ltd(3) Australia 100% 100% Infosys BPO Americas LLC.(3) U.S. 100% 100% Infosys BPM Canada Inc (3)(24)(29) Canada - - Panaya Inc. (Panaya)(1) U.S. 100% 100% Panaya Ltd.(4) Israel 100% 100% Panaya Germany GmbH (4) Germany 100% 100% Brilliant Basics Holdings Limited (Brilliant Basics)(1)(20) U.K. 100% 100% Brilliant Basics Limited (5)(20) U.K. 100% 100% Infosys Consulting Holding AG (1) Switzerland 100% 100% Infosys Management Consulting Pty Limited(6) Australia 100% 100% Infosys Consulting AG(6) Switzerland 100% 100% Infosys Consulting GmbH(6) Germany 100% 100% Infosys Consulting SAS(6) France 100% 100% Infy Consulting B.V.(6) The Netherlands 100% 100% Infosys Consulting (Belgium) NV(6) Belgium 100% 100% Infy Consulting Company Ltd(6) U.K. 100% 100% GuideVision s.r.o.(7) Czech Republic 100% 100%", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 226, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8258c5d49687d5a5"}, {"chunk_id": "53f3b831d5a53034", "content": "Infosys Consulting SAS(6) France 100% 100% Infy Consulting B.V.(6) The Netherlands 100% 100% Infosys Consulting (Belgium) NV(6) Belgium 100% 100% Infy Consulting Company Ltd(6) U.K. 100% 100% GuideVision s.r.o.(7) Czech Republic 100% 100% GuideVision Deutschland GmbH(8) Germany 100% 100% GuideVision Suomi Oy(8) Finland 100% 100% GuideVision Magyarország Kft(8) Hungary 100% 100% GuideVision Polska Sp. z.o.o(8) Poland 100% 100% GuideVision UK Ltd(8)(20) U.K. 100% 100% Infosys Nova Holdings LLC. (Infosys Nova)(1) U.S. 100% 100% Outbox systems Inc. dba Simplus (US)(9)(38) U.S. - 100% Simplus ANZ Pty Ltd.(9) Australia 100% 100% Simplus Australia Pty Ltd(10) Australia 100% 100% Simplus Philippines, Inc.(9) Philippines 100% 100% Kaleidoscope Animations, Inc.(9)(38) U.S. - 100% Kaleidoscope Prototyping LLC(17)(27) U.S. - - Blue Acorn iCi Inc (formerly Beringer Commerce Inc)(9)(38) U.S. - 100% Infosys Singapore Pte. Ltd. (formerly Infosys Consulting Pte. Ltd.)(1) Singapore 100% 100% Infosys Financial Services GmbH. (formerly Panaya GmbH) (12) Germany 100% 100% Infosys South Africa (Pty) Ltd(12) South Africa 100% 100% Infosys (Malaysia) SDN. BHD. (formerly Global Enterprise International (Malaysia) Sdn. Bhd.)(12) Malaysia 100% 100% Infosys Middle East FZ LLC (12) Dubai 100% 100% Infosys Norway (12) Norway 100% 100% Infosys Compaz Pte. Ltd (13) Singapore 60% 60% HIPUS Co., Ltd(13) Japan 81% 81% Fluido Oy (12) Finland 100% 100% Fluido Sweden AB (14) Sweden 100% 100% Fluido Norway A/S(14) Norway 100% 100% Fluido Denmark A/S(14) Denmark 100% 100% Fluido Slovakia s.r.o(14) Slovakia 100% 100%", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 226, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8258c5d49687d5a5"}, {"chunk_id": "ba387e99923feaf1", "content": "60% 60% HIPUS Co., Ltd(13) Japan 81% 81% Fluido Oy (12) Finland 100% 100% Fluido Sweden AB (14) Sweden 100% 100% Fluido Norway A/S(14) Norway 100% 100% Fluido Denmark A/S(14) Denmark 100% 100% Fluido Slovakia s.r.o(14) Slovakia 100% 100% Infosys Fluido UK, Ltd.(14) U.K. 100% 100% Infosys Fluido Ireland, Ltd.(15) Ireland 100% 100% Stater N.V.(13) The Netherlands 75% 75% Stater Nederland B.V.(16) The Netherlands 75% 75% Stater XXL B.V.(16) The Netherlands 75% 75% HypoCasso B.V.(16) The Netherlands 75% 75% Stater Participations B.V.(28) The Netherlands - - Stater Belgium N.V./S.A.(16)(28) Belgium 75% 75% Stater Gmbh(16) Germany 75% 75% Infosys Germany GmbH (formerly Kristall 247. GmbH (“Kristall”))(12) Germany 100% 100% Wongdoody Gmbh (formerly known as oddity GmbH) (18) Germany 100% 100% WongDoody (Shanghai) Co. Limited (formerly known as oddity (Shanghai) Co., Ltd.) (19) China 100% 100% WongDoody limited  (Taipei) (formerly known as oddity Limited (Taipei)) (19) Taiwan 100% 100% oddity space GmbH (18)(26) Germany - - oddity jungle GmbH  (18)(26) Germany - - oddity code GmbH (18)(26) Germany - - WongDoody d.o.o (formerly known as oddity code d.o.o) (19)(26) Serbia 100% 100% oddity waves GmbH (18)(26) Germany - - oddity group services GmbH (18)(26) Germany - - BASE life science A/S (12) Denmark 100% 100% BASE life science AG (21) Switzerland 100% 100% BASE life science GmbH (21) Germany 100% 100% BASE life science S.A.S (21) France 100% 100% BASE life science Ltd. (21) U.K. 100% 100% BASE life science S.r.l. (21) Italy 100% 100% Innovisor Inc.(21) U.S. 100% 100%", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 226, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8258c5d49687d5a5"}, {"chunk_id": "de5b24dcd6f3bb94", "content": "Switzerland 100% 100% BASE life science GmbH (21) Germany 100% 100% BASE life science S.A.S (21) France 100% 100% BASE life science Ltd. (21) U.K. 100% 100% BASE life science S.r.l. (21) Italy 100% 100% Innovisor Inc.(21) U.S. 100% 100% BASE life science Inc.(21) U.S. 100% 100% BASE life science S.L.(21) Spain 100% 100% InSemi Technology Services Private Limited (30) India 100% -", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 226, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8258c5d49687d5a5"}, {"chunk_id": "33edce0dfb6781ce", "content": "Elbrus Labs Private Limited (30)(22) India 100% - Infosys Services (Thailand) Limited (1)(32) Thailand 100% - Infy tech SAS (12)(31) France 100% - in-tech Holding GmbH (33)(39) Germany - - in-tech GmbH (33) Germany 100% - Friedrich & Wagner Asia Pacific GmbH (33)(39) Germany - - drivetech Fahrversuch GmbH (33) Germany 100% - ProIT (33) Romania 100% - in-tech Automotive Engineering de R.L. de C.V (33)(20) Mexico 100% - Friedrich Wagner Holding Inc.(33)(20) U.S. 100% - in-tech Automotive Engineering SL (33) Spain 100% - in-tech Automotive Engineering LLC (33)(36) U.S. - - in-tech Services LLC (33)(36) U.S. - - in-tech Engineering s.r.o (33) Czech Republic 100% - in-tech Engineering GmbH (33) Austria 100% - in-tech Engineering services S.R.L (33) Romania 100% - in-tech Group Ltd (33) U.K. 100% - In-tech Automotive Engineering Shenyang Co. Ltd (33) China 100% - in-tech Group India Private Ltd (33) India - - In-tech Automotive Engineering Bejing Co., Ltd (33) China 100% - Blitz 24-893 SE (34) Germany 100% - Infosys Limited SPC (1)(40) Oman 100% - Infosys BPM Netherlands B.V. (3)(41) The Netherlands 100% - (1) Wholly-owned subsidiary of Infosys Limited (2) Majority owned and controlled subsidiary of Infosys Limited (3) Wholly-owned subsidiary of Infosys BPM Limited (4) Wholly-owned subsidiary of Panaya Inc. (5) Wholly-owned subsidiary of Brilliant Basics Holding Limited. (6) Wholly-owned subsidiary of Infosys Consulting Holding AG", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 227, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6e1d09e48ff33584"}, {"chunk_id": "4e0a8815cdfba5e7", "content": "(4) Wholly-owned subsidiary of Panaya Inc. (5) Wholly-owned subsidiary of Brilliant Basics Holding Limited. (6) Wholly-owned subsidiary of Infosys Consulting Holding AG (7)Wholly-owned subsidiary of  Infy Consulting Company Limited (9) Wholly-owned subsidiary of  Infosys Nova Holdings LLC (10) Wholly-owned subsidiary of Simplus ANZ Pty Ltd (8)Wholly-owned subsidiary of GuideVision s.r.o. (11)Wholly-owned subsidiary of Infosys Public Services, Inc. (12) Wholly-owned subsidiary of Infosys Singapore Pte. Ltd. (formerly Infosys Consulting Pte. Ltd.) (13)Majority owned and controlled subsidiary of Infosys Singapore Pte. Ltd. (formerly Infosys Consulting Pte. Ltd.) (14)Wholly-owned subsidiary of Fluido Oy (15)Wholly-owned subsidiary of Infosys Fluido UK, Ltd. (16)Wholly-owned subsidiary of  Stater N.V (17) Wholly-owned subsidiary of Kaleidoscope Animations, Inc. (18)Wholly-owned subsidiary of Infosys Germany GmbH (formerly Kristall 247. GmbH (“Kristall”)) (19) Wholly-owned subsidiary of Wongdoody Gmbh (formerly known as oddity GmbH) (21) Wholly-owned subsidiary of BASE life science A/S (22) Wholly-owned subsidiary of InSemi Technology Services Private Limited (23) Liquidated effective July 14, 2023 (20) Under liquidation (24)  Incorporated on August 11, 2023 (25)  On September 1, 2023 Infosys Ltd. acquired 100% of voting interests in IDUNN Information Technology Private Limited (formerly Danske IT and Support Services India Private", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 227, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6e1d09e48ff33584"}, {"chunk_id": "9e8d3cf25bd93598", "content": "(25)  On September 1, 2023 Infosys Ltd. acquired 100% of voting interests in IDUNN Information Technology Private Limited (formerly Danske IT and Support Services India Private Limited (“Danske IT”)) (26) On September 29, 2023, oddity space GmbH, oddity waves GmbH, oddity jungle GmbH, oddity group services GmbH and oddity code GmbH merged into WongDoody GmbH and oddity code d.o.o which was formerly a subsidiary of oddity code Gmbh has become a subsidiary of Wongdoody Gmbh (formerly known as oddity GmbH). (27)  Kaleidoscope Prototyping LLC, a Wholly-owned subsidiary of Kaleidoscope Animations is liquidated effective November 1, 2023 (28) On November 24, 2023 Stater Participations B.V (Wholly-owned subsidiary of Stater N.V) merged with Stater N.V and Stater Belgium N.V./S.A which was formerly a wholly owned subsidiary of Stater Participations B.V. became a wholly owned subsidiary of Stater N.V. (29) On March 15, 2024 Infosys BPM Canada Inc., a Wholly-owned subsidiary of Infosys BPM Limited got dissolved. (31) Incorporated on July 03, 2024 (30) On May 10, 2024 Infosys Ltd. acquired 100% of voting interests in InSemi Technology Services Private Limited along with its subsidiary Elbrus Labs Private Limited (32) Incorporated on July 26, 2024 (33) On July 17, 2024, Infosys Germany GmbH, a wholly owned subsidiary of Infosys Singapore Pte.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 227, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6e1d09e48ff33584"}, {"chunk_id": "8f55a4edbc804f7d", "content": "(32) Incorporated on July 26, 2024 (33) On July 17, 2024, Infosys Germany GmbH, a wholly owned subsidiary of Infosys Singapore Pte. Limited, acquired 100% of voting interests in in-tech Holding GmbH along with its subsidiary in-tech GmbH along with its six subsidiaries in-tech Automotive Engineering SL, ProIT, in-tech Automotive Engineering de R.L. de C.V, drivetech Fahrversuch GmbH, Friedrich Wagner Holding Inc along with its two subsidiaries (in-tech Automotive Engineering LLC and in-tech Services LLC) and Friedrich & Wagner Asia Pacific GmbH along with its five subsidiaries in-tech engineering s.r.o, in-tech engineering GmbH, in-tech engineering services S.R.L, in-tech Group Ltd along with its subsidiary (in-tech Group India Private Limited) and In-tech Automotive Engineering Shenyang Co., Ltd along with its subsidiary (In-tech Automotive Engineering Bejing Co., Ltd). Subsequently on September 01, 2024 in-tech Group India Private Limited became a wholly-owned subsidiary of Infosys limited. (34) On October 17, 2024, Infosys Singapore Pte Ltd. acquired 100% of voting interests in Blitz 24-893 SE (35) Liquidated effective November 14, 2024 (36) Liquidated effective November 30, 2024 (37) WongDoody Inc, a wholly-owned subsidiary of Infosys limited merged into Infosys Nova Holdings LLC effective January 1, 2025", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 227, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6e1d09e48ff33584"}, {"chunk_id": "6fe3d61f3a81e363", "content": "(36) Liquidated effective November 30, 2024 (37) WongDoody Inc, a wholly-owned subsidiary of Infosys limited merged into Infosys Nova Holdings LLC effective January 1, 2025 (38) Kaleidoscope Animations, Blue Acorn iCi Inc and Outbox systems Inc. dba Simplus (US) merged into Infosys Nova Holdings LLC effective January 1,2025 (39) in-tech Holding GmbH and Friedrich & Wagner Asia Pacific GmbH merged into in-tech GmbH effective January 1,2025 (41) Incorporated on March 20, 2025 (40) Incorporated on December 12, 2024 Infosys has provided guarantee for performance of certain contracts entered into by its subsidiaries. List of other related party Particulars Country Nature of relationship Infosys Limited Employees' Gratuity Fund Trust India Post-employment benefit plan of Infosys  Limited Infosys Limited Employees' Provident Fund Trust India Post-employment benefit plan of Infosys  Limited Infosys Limited Employees' Superannuation Fund Trust India Post-employment benefit plan of Infosys  Limited Infosys Employees Welfare Trust India Controlled trust Infosys Employee Benefits Trust India Controlled trust Infosys Science Foundation India Controlled trust Infosys Expanded Stock Ownership Trust India Controlled trust Infosys Foundation India Trust jointly controlled by KMP Refer to note 2.21 for information on transactions with post-employment benefit plans mentioned above. List of key management personnel Salil Parekh , Chief Executive Officer and Managing Director", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 227, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6e1d09e48ff33584"}, {"chunk_id": "1650f0895bdd244f", "content": "Refer to note 2.21 for information on transactions with post-employment benefit plans mentioned above. List of key management personnel Salil Parekh , Chief Executive Officer and Managing Director Non-whole-time directors Nandan M. Nilekani D. Sundaram Helene Auriol Potier (appointed as independent director effective May 26, 2023) Nitin Paranjpe (appointed as an additional and independent director effective January 1, 2024) Uri Levine (retired as independent director effective April 19, 2023) Inderpreet Sawhney, Chief Legal Officer and Chief Compliance Officer Jayesh Sanghrajka (appointed as Chief Financial Officer effective April 1, 2024) Nilanjan Roy (resigned as Chief Financial Officer of the Company effective March 31, 2024) Shaji Mathew , Chief Human Resources Officer Mohit Joshi (resigned as President effective March 11, 2023 and was on leave till June 9, 2023 which was his last date with the Company)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 227, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6e1d09e48ff33584"}, {"chunk_id": "49833499f287160d", "content": "The details of amounts due to or due from related parties as at March 31, 2025 and March 31, 2024 are as follows: March 31, 2025 March 31, 2024 Trade receivables BASE life science A/S 3                                      3 BASE life science AG -                                      2 BASE life science GmbH -                                       - Blue Acorn iCi Inc -                                       - Infosys China 1                                      2 Infosys Mexico 2                                      3 Infosys BPM Limited 13                                    15 Infy Consulting Company Limited 8                                    12 Infosys Public Services 93                                    55 Infosys Public Services Canada Inc. 2                                    10 Infosys Sweden 25                                      7 Fluido Oy 7                                      3 Fluido Denmark A/S 4                                       - Simplus Australia Pty Ltd -                                      1 Infosys McCamish Systems LLC 6                                    45 Panaya Ltd 1                                      2 Infosys Compaz Pte Ltd 27                                    55 Stater Nederland B.V. 8                                      1 Outbox systems Inc. dba Simplus (US) -                                       - Infosys Luxembourg S.a.r.l 27                                    25 Infosys Chile SPA 1                                      4", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 227, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a6fc375b7f7b16dc"}, {"chunk_id": "6fa5c866aa64b275", "content": "Outbox systems Inc. dba Simplus (US) -                                       - Infosys Luxembourg S.a.r.l 27                                    25 Infosys Chile SPA 1                                      4 Infosys South Africa (Pty) Ltd 2                                       - HIPUS Co., Ltd 1                                      1 Infosys Turkey Bilgi Teknolojikeri Limited Sirketi -                                      3 WongDoody, Inc -                                       - Kaleidoscope Animations, Inc. -                                       - Infosys Automotive and Mobility GmbH & Co. KG -                                       - Infosys Middle East FZ LLC 9                                    10 Infosys Nova Holdings LLC 10                                       - 250                                  259 Loans Insemi Technology Service 10                                       - 10                                       - Prepaid expense and other assets Panaya Ltd 127                                  151 GuideVision, s.r.o. 1                                      1 EdgeVerve Systems Limited 23                                       - Infosys Green Forum -                                      3 151                                  155 Other financial assets Infosys BPM Limited 16                                    19 Infosys Consulting GmbH 3                                      5 Infosys China 23                                    31 Infosys Shanghai", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 227, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a6fc375b7f7b16dc"}, {"chunk_id": "ac5299859cf8aa96", "content": "Infosys BPM Limited 16                                    19 Infosys Consulting GmbH 3                                      5 Infosys China 23                                    31 Infosys Shanghai -                                        6 Infy Consulting Company Limited 23                                    31 Infosys Management Consulting Pty Ltd 2                                      2 Infosys Consulting AG 3                                      6", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 227, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a6fc375b7f7b16dc"}, {"chunk_id": "216fe7351ca1b9d9", "content": "Infosys Consulting Ltda -                                        1 Infy Consulting B.V. 1                                      3 Fluido Oy 7                                      1 Panaya Ltd -                                       - Infosys McCamish Systems LLC 111                                    68 Infosys Singapore Pte. Ltd -                                        1 Infosys Automotive and Mobility GmbH & Co. KG 2,584                               1,815 Infosys Poland Sp. Z.o.o -                                        7 Fluido Sweden AB 2 - Fluido Denmark A/S 3                                      2 Infosys Fluido UK Ltd 1 - Infosys Consulting S.R.L. (Romania) 3                                      3 Infosys Consulting (Belgium) NV -                                        4 WongDoody, Inc -                                        6 Infosys Public Services 5                                      9 Simplus Philippines, Inc. 4                                      1 Simplus Australia Pty Ltd 2 - Outbox systems Inc. dba Simplus (US) -                                        2 Infosys Luxembourg S.a.r.l 1                                      2 Infosys Business Solutions LLC 2                                      2 Infosys Compaz PTE Ltd -                                        1 Kaleidoscope Animations, Inc. -                                        2 Portland Group Pty Ltd -                                        2 GuideVision, s.r.o. 2                                      2", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 228, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3b9e66cf1c77c507"}, {"chunk_id": "ddee01cc6a1df6f4", "content": "Kaleidoscope Animations, Inc. -                                        2 Portland Group Pty Ltd -                                        2 GuideVision, s.r.o. 2                                      2 Infosys (Czech Republic) Limited s.r.o. -                                        1 Danske IT 1                                      4 WongDoody GmbH (formerly known as oddity GmbH ) 14                                      1 Blue Acorn iCi Inc -                                        2 Infosys Turkey Bilgi Teknolojikeri Limited Sirketi 2                                      2 Infosys Austria GMBH -                                        2 Infosys Consulting S.R.L. (Argentina) 3                                      1 BASE life science SL 2 - BASE life science A/S 3                                      1 Infosys Public Services Canada Inc. -                                        1 Infosys Norway 2                                      1 Infosys Green Forum -                                       - Infosys Mexico -                                       - Infosys Sweden 1 - Infosys Middle East FZ LLC -                                        1 HIPUS Co., Ltd 2                                      1 EdgeVerve Systems Limited 2 - Fluido Norway AS 1 - GuideVision Magyarország Kft. 2 - Infosys Nova Holdings LLC 28 - Infosys Services Thailand 1 - Infosys South Africa (Pty) Ltd 1 - 2,863                               2,052 Unbilled revenues EdgeVerve Systems Limited", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 228, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3b9e66cf1c77c507"}, {"chunk_id": "f6274456e5915912", "content": "2 - Infosys Nova Holdings LLC 28 - Infosys Services Thailand 1 - Infosys South Africa (Pty) Ltd 1 - 2,863                               2,052 Unbilled revenues EdgeVerve Systems Limited 113                                  101 Infosys Consulting S.R.L.(Romania) 1                                      1 Infosys McCamish Systems LLC 45                                    45 Infosys Poland sp. z o o 1                                      1 Stater Nederland B.V. 5                                      5 Infy Consulting Company Ltd -                                       - 165                                  153 Trade payables", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 228, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3b9e66cf1c77c507"}, {"chunk_id": "ea36cfbfbdee2881", "content": "Infosys China 19                                    17 Infosys BPM Limited 136                                  135 Infosys (Czech Republic) Limited s.r.o. 15                                    33 Infosys Mexico 25                                    54 Infosys Sweden 53                                    98 Infosys Shanghai 13                                    14 Infosys Management Consulting Pty Ltd 20                                    29 Infosys Singapore Pte. Ltd 16                                    15 Infy Consulting Company Limited 370                                  165 Infosys (Malaysia) SDN. BHD. (formerly Global Enterprise International (Malaysia) Sdn. Bhd.) 12                                    13 Panaya Ltd 5                                      5 Infosys Public Services 1                                      1 Portland Group Pty Ltd 2                                      3 Infosys Chile SpA 2                                      3 Infosys Compaz Pte Ltd 4                                      2 Infosys Middle East FZ LLC 3                                      3 Infosys Poland Sp. Z.o.o 42                                    34 Infosys Luxembourg S.a.r.l 8 - Infosys Consulting S.R.L. (Romania) 44                                    25 Fluido Oy 5                                      6 Fluido Sweden AB 3                                      5 EdgeVerve Systems Limited 13                                      2 WongDoody, Inc", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 229, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6c6006100bb3cfff"}, {"chunk_id": "5e0d7e283692e435", "content": "Fluido Oy 5                                      6 Fluido Sweden AB 3                                      5 EdgeVerve Systems Limited 13                                      2 WongDoody, Inc -                                      63 Fluido Denmark A/S 1                                      1 Infosys Fluido UK Ltd 6                                      5 BASE life science AG 1                                      1 BASE life science GmbH 1                                      1 BASE life science Ltd. 2                                      2 Wongdoody D.O.O 1                                      1 WongDoody GmbH (formerly known as oddity GmbH ) 2                                      2 BASE life science SL 2                                      1 BASE life science Inc. 1 - Infosys Business Solutions LLC 1                                      3 Infosys South Africa (Pty) Ltd 6                                      4 Infosys Norway 6                                      6 Infosys McCamish Systems LLC -                                        1 Infosys Limited Bulgaria EOOD 6                                      6 WongDoody Limited(Taipei) -                                        1 Infosys Consulting Ltda 9                                    17 BASE life science A/S 4                                      1 Infosys Nova Holdings LLC 40 - 900                                  778 Other financial liabilities", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 229, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6c6006100bb3cfff"}, {"chunk_id": "f3c8e2a6adea7677", "content": "Infosys BPM Limited 47                                    44 Infosys Mexico 2                                      2 Infosys China -                                      7 Infosys Shanghai -                                      5 Infosys Norway 1                                      1 Outbox systems Inc. dba Simplus (US) -                                    27 GuideVision, s.r.o. 11                                      5 Simplus Australia Pty Ltd 5                                      9 Simplus Philippines, Inc. 2                                      4 GuideVision Polska SP. Z O.O. 1                                      1 Kaleidoscope Animations, Inc. -                                    46 Infosys Public Services 10                                      5 GuideVision Magyarország Kft. 1                                      1 Infosys Consulting Ltda 2                                      1 Infosys Consulting AG 1                                      2 Infosys Automotive and Mobility GmbH & Co. KG 320                                  162 Danske IT 16                                    16 Infy Consulting Company Limited 15                                    14 Infosys South Africa (Pty) Ltd 5                                      1 Infosys Sweden 5                                      4 Infosys Compaz PTE Ltd 6                                      1 Infosys McCamish Systems LLC 7                                      2 Infosys Green Forum", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 229, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c0dc80155f0b9658"}, {"chunk_id": "edf32f54ec04ff03", "content": "Infosys Sweden 5                                      4 Infosys Compaz PTE Ltd 6                                      1 Infosys McCamish Systems LLC 7                                      2 Infosys Green Forum 2                                      5 Infosys Consulting (Belgium) NV -                                      4 Blue Acorn iCi Inc -                                    35 GuideVision Deutschland GmbH 1                                       - Infosys Middle East FZ LLC -                                      1 BASE life science A/S 2                                       - Infosys Consulting GmbH 1                                       - Infosys Luxembourg S.a.r.l 6                                       - Infosys Nova Holdings LLC 200                                       - 669                                  405 Accrued expenses BASE life science A/S 1                                       - EdgeVerve Systems Limited 13                                       - Infosys BPM Limited 29                                    29 BASE life science Ltd 1                                       - Infosys Germany Holding GmbH 7                                       - Infosys Nova Holdings LLC 4                                       - In-tech group Ltd. 1                                       - 56                                    29 (In ₹  crore) Particulars 2025 2024 Loans and advances in the nature of loans given to subsidiaries Maximum amount outstanding during the", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 229, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c0dc80155f0b9658"}, {"chunk_id": "03e2d26fbcfe6e09", "content": "56                                    29 (In ₹  crore) Particulars 2025 2024 Loans and advances in the nature of loans given to subsidiaries Maximum amount outstanding during the Insemi Technology Service 10 - Infosys Turkey Bilgi Teknolojileri Limited Sirketi -                                      57 The details of the related parties transactions entered into by the Company for the year ended March 31, 2025 and March 31, 2024 are as follows: (In ₹  crore) Particulars 2025 2024 Capital transactions: Financing transactions Equity Infosys Singapore Pte Ltd. 4,317                                       - Infosys Turkey Bilgi Teknolojileri Limited Sirketi 31                                    41 Insemi Technology Service 198                                       - in-tech 15                                       - Infosys America Inc. -                                     (1) Skava Systems -                                   (59) Infosys Luxembourg S.a.r.l -                                      9 Danske IT -                                    82 Infosys Services (Thailand) Limited 13                                       - 4,574                                    72 Insemi Technology Service 10                                       - Infosys Turkey Bilgi Teknolojileri Limited Sirketi -                                       - 10                                       - Loans repaid Infosys Turkey Bilgi Teknolojileri Limited Sirketi -                                      4", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 229, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c0dc80155f0b9658"}, {"chunk_id": "4dfc67c1294aff80", "content": "-                                       - 10                                       - Loans repaid Infosys Turkey Bilgi Teknolojileri Limited Sirketi -                                      4 -                                      4 Revenue transactions: Purchase of services Infosys China 214                                  198 Infosys Management Consulting Pty Ltd 385                                  297 Infy Consulting Company Limited 2,075                               1,914 Infosys Singapore Pte. Ltd 181                                  173 Portland Group Pty Ltd 17                                    33 Infosys (Czech Republic) Limited s.r.o. 209                                  360 Infosys BPM Limited 2,216                               2,162 Infosys Sweden 160                                    99 Infosys Shanghai 151                                  179", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 229, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c0dc80155f0b9658"}, {"chunk_id": "cdc9b1fd99d4030e", "content": "Infosys Mexico 299                                  304 Infosys Public Services 8                                      6 Panaya Ltd 147                                  152 Infosys Poland Sp. Z.o.o 350                                  287 Infosys Consulting S.R.L. (Romania) 268                                  278 Infosys Compaz Pte Ltd 17                                    19 Infosys Consulting Ltda 139                                  173 BASE life science A/S 26                                    12 Kaleidoscope Animations, Inc. 233                                  151 Infosys Chile SpA 28                                    40 Infosys Middle East FZ LLC 43                                    50 Fluido Oy 68                                    70 Fluido Sweden AB 44                                    55 Fluido Denmark A/S 10                                    14 Infosys McCamish Systems LLC 9                                      9 GuideVision, s.r.o. 88                                    93 GuideVision Polska SP. Z O.O. 12                                      9 Simplus Australia Pty Ltd 86                                  109 Simplus Philippines, Inc. 31                                    44 Outbox systems Inc. dba Simplus (US) 148                                  372 Infosys Fluido UK Ltd 65                                    57 Blue Acorn iCi Inc 321                                  461 GuideVision Deutschland GmbH 7                                      5", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 230, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aaa166daa3ab89a4"}, {"chunk_id": "b2cfda330b57eccb", "content": "Infosys Fluido UK Ltd 65                                    57 Blue Acorn iCi Inc 321                                  461 GuideVision Deutschland GmbH 7                                      5 GuideVision Suomi Oy 2                                      5 GuideVision Magyarország Kft. 9                                    12 Infosys Limited Bulgaria EOOD 74                                    65 WongDoody, Inc 509                                  765 Infosys Luxembourg S.a.r.l 13                                      3 Infosys (Malaysia) SDN. BHD. (formerly Global Enterprise International (Malaysia) Sdn. Bhd.) 151                                  165 oddity space GmbH -                                      2 Wongdoody D.O.O 6                                      6 oddity jungle GmbH -                                      1 oddity Limited(Taipei) 2                                      4 Fluido Norway A/S 3                                      2 Infosys Consulting S.R.L. (Argentina) 1                                      2 Infosys South Africa (Pty) Ltd 45                                    29 Infosys Business Solutions LLC 4                                      3 WongDoody GmbH (formerly known as oddity GmbH ) 11                                      6 oddity code GmbH -                                      1 BASE life science AG 15                                    17 BASE life science S.r.l. 2                                       - BASE life science Inc.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 230, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aaa166daa3ab89a4"}, {"chunk_id": "72025f8c01c8642e", "content": "oddity code GmbH -                                      1 BASE life science AG 15                                    17 BASE life science S.r.l. 2                                       - BASE life science Inc. 10                                       - BASE life science Ltd. 12                                      2 BASE life science GmbH 5                                      1 BASE life science SL 12                                      1 Infosys Norway 37                                    15 Danske IT -                                    16 Insemi Technology Service 7                                       - EdgeVerve Systems Limited 93                                    19 Infosys Germany Holding GmbH 7                                       - Infosys Nova Holdings LLC 436                                       - In-tech group Ltd. 1                                       - 9,522                               9,327 Purchase of shared services including facilities and personnel", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 230, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aaa166daa3ab89a4"}, {"chunk_id": "2f4848e4d515f514", "content": "Infosys BPM Limited 9                                      7 WongDoody, Inc 6                                    11 Infosys McCamish Systems LLC 1                                       - WongDoody limited Taipei -                                      1 Infosys Green Forum 42                                    36 Kaleidoscope Animations, Inc. 1                                       - Infosys (Czech Republic) Limited s.r.o. -                                      4 Infosys Mexico 1                                      4 Outbox systems Inc. dba Simplus (US) 2                                      7 Infosys Consulting AG 2                                      2 Infosys Automotive and Mobility GmbH & Co.KG 150                                      6 Portland Group Pty Ltd -                                      1 WongDoody GmbH (formerly known as oddity GmbH ) 9                                      2 oddity Jungle GmbH -                                      1 Infosys Nova Holdings LLC 2                                       - Infosys Technologies (Sweden) AB. 1                                       - Infosys Singapore Pte. Ltd. 9                                       - Infosys Compaz Pte. Ltd -                                       - GuideVision, s.r.o. 1                                       - WongDoody Code d.o.o 1                                       - BASE life science A/S 3                                       - 240                                    82", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 231, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fbb2b9701fda7f08"}, {"chunk_id": "3194a223b7dee7df", "content": "1                                       - WongDoody Code d.o.o 1                                       - BASE life science A/S 3                                       - 240                                    82 Infosys Turkey Bilgi Teknolojileri Limited Sirketi -                                      2 Insemi Technology Service 1                                       - 1                                      2 Infosys Singapore Pte. Ltd. 1                                      1 1                                      1 EdgeVerve Systems Limited 525                               1,089 Infosys Consulting Holding AG 148                                       - Infosys BPM Limited 849                               1,887 1,522                               2,976 Infosys China 16                                    13 Infosys Mexico 23                                    30 Infy Consulting Company Limited 56                                    74 Infosys BPM Limited 147                                  112 Fluido Oy 4                                      2 Fluido Denmark A/S 4                                       - Infosys Luxembourg S.a.r.l 163                                  146 Infosys Middle East FZ LLC 26                                    26 Infosys McCamish Systems LLC 90                                  401 Infosys Sweden 92                                    91 Infosys Shanghai 2                                      1 EdgeVerve Systems Limited", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 231, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fbb2b9701fda7f08"}, {"chunk_id": "bdccb4129f3964b6", "content": "Infosys McCamish Systems LLC 90                                  401 Infosys Sweden 92                                    91 Infosys Shanghai 2                                      1 EdgeVerve Systems Limited 1,001                                  961 Infosys Public Services 659                                  696 Infosys Compaz Pte Ltd 160                                  176 Infosys Consulting Ltda -                                      1 Simplus Australia Pty Ltd 2                                      5 Infosys Chile SpA 7                                      9 Infosys Automotive and Mobility GmbH & Co. KG -                                      1 Blue Acorn iCi Inc 2                                      2 Kaleidoscope Animations, Inc. 1                                       - Infosys Singapore Pte. Ltd. -                                      1 BASE life science A/S 14                                      8 BASE life science GmbH 1                                       - Infosys Poland Sp. Z.o.o -                                       - Infosys Business Solutions LLC -                                      1 Infosys South Africa (Pty) Ltd 2                                      1 HIPUS Co., Ltd -                                      1 BASE life science AG 4                                      4 Infosys Public Services Canada Inc. 32                                    46 Stater N.V. 3                                       - Stater Nederland B.V.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 231, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fbb2b9701fda7f08"}, {"chunk_id": "423516aeed13d249", "content": "BASE life science AG 4                                      4 Infosys Public Services Canada Inc. 32                                    46 Stater N.V. 3                                       - Stater Nederland B.V. 69                                    74 2,580                               2,883 Sale of shared services including facilities and personnel EdgeVerve Systems Limited 47                                    25 Panaya Ltd 10                                      8 GuideVision, s.r.o. 5                                       - Infy Consulting Company Limited 20                                    17 Infosys Public Services, Inc. 8                                      2 Infosys Public Services Canada Inc. -                                      1 Infosys McCamish System LLC 5                                    27", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 231, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fbb2b9701fda7f08"}, {"chunk_id": "0d065af7b1ef0d01", "content": "Infosys China 1                                    12 Infosys Luxembourg S.a.r.l 4                                      4 Infosys Singapore Pte. Ltd 9                                       - Infosys Shanghai 2                                      1 Portland Group Pty. Limited -                                      2 Infosys Poland Sp. z.o.o. 2                                      4 WongDoody, Inc. 7                                      2 Wongdoody GmbH 11                                      1 Fluido Oy 5                                      1 Fluido Denmark A/S 1                                       - Infosys Fluido U.K., Ltd 1                                       - Outbox systems Inc. dba Simplus (US) 3                                      1 Infosys BPO Americas LLC -                                      1 Infosys Consulting AG 2                                      2 Infy Consulting B.V. 2                                      3 Infosys Consulting SAS 2                                      1 Infosys Consulting GmbH 1                                      2 HIPUS Co. Limited -                                      1 Kaleidoscope Animations, Inc 7                                      1 Blue Acorn iCi Inc. 6                                      1 Infosys Automotive and Mobility GmbH & Co.KG (1) 739                                  880 Infosys Green Forum 5                                      5 Infosys BPM Limited (2) 143                                  107", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 232, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ec8a10a9830d8db5"}, {"chunk_id": "4f33135441263b18", "content": "739                                  880 Infosys Green Forum 5                                      5 Infosys BPM Limited (2) 143                                  107 Infosys Management Consulting Pty Ltd 1                                      2 Infosys Sweden 2                                      1 Infosys Mexico 1                                      2 Infosys (Czech Republic) Limited s.r.o. -                                      2 Infosys Compaz PTE Ltd -                                      1 Infosys Consulting Ltda 1                                      3 BASE life science A/S 3                                       - BASE life science Ltd 1                                       - BASE life sciences SL. 1                                       - Infosys Austria GMBH -                                      1 Infosys Consulting S.R.L. (Romania) 1                                      3 Infosys Turkey Bilgi Teknolojikeri Limited Sirketi -                                      2 Fluido Sweden AB 1                                       - Simplus Australia Pty Ltd 1                                       - Simplus Philippines, Inc. 4                                       - Infosys Nova Holdings LLC 3                                       - GuideVision Magyarország Kft. 2                                       - Any other transaction 1,070                               1,129 Infosys Foundation 390                                  369", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 232, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ec8a10a9830d8db5"}, {"chunk_id": "ec119497557e3539", "content": "GuideVision Magyarország Kft. 2                                       - Any other transaction 1,070                               1,129 Infosys Foundation 390                                  369 390                                  369 (1)  Includes amounts netted off against respective expenses (2)  Includes sale of fixed assets of ₹4 crore and ₹6 crore for the year ending March 31, 2025 and March 31, 2024, respectively Refer to Note 2.5.1 for business transfer with wholly owned subsidiaries The Company’s related party transactions during the year ended March 31, 2025 and March 31, 2024 and outstanding balances as at March 31, 2025 and March 31, 2024 are with its subsidiaries with whom the Company generally enters into transactions which are at arms length and in the ordinary course of business. Transactions with key management personnel The table below describes the compensation to key management personnel which comprise directors and executive officers: (In ₹ crore) Particulars 118 113 Commission and other benefits to non-executive / independent directors 19 17 Salaries and other short term employee benefits to whole-time directors and executive officers(1)(2) Total 137 130 (2)Does not include post-employment benefits and other long-term benefits based on actuarial valuation as these are done for the Company as a whole.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 232, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ec8a10a9830d8db5"}, {"chunk_id": "41fbc6573b0311da", "content": "Total 137 130 (2)Does not include post-employment benefits and other long-term benefits based on actuarial valuation as these are done for the Company as a whole. ⁽¹⁾Total employee stock compensation expense for the year ended March 31, 2025 and March 31, 2024, includes a charge of ₹70 crore and ₹68 crore respectively, towards key management personnel.(Refer to note 2.12) 2.25  CORPORATE SOCIAL RESPONSIBILITY (CSR) As per Section 135 of the Companies Act, 2013, a company, meeting the applicability threshold, needs to spend at least 2% of its average net profit for the immediately preceding three financial years on corporate social responsibility (CSR) activities. The areas for CSR activities are promoting education, promoting gender equality by empowering women, healthcare, environment sustainability, art and culture, destitute care and rehabilitation, disaster relief, COVID-19 relief and rural development projects. A CSR committee has been formed by the company as per the Act. The funds were primarily utilized through the year on these activities which are specified in Schedule VII of the Companies Act, 2013: March 31, 2025 March 31, 2024 i) 540 492 ii) Amount of expenditure incurred 524 453 iii) Shortfall at the end of the year* 16 39 Amount required to be spent by the company during the year iv) Total of previous years shortfall 0 7 v) Reason for shortfall Pertains to ongoing", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 232, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ec8a10a9830d8db5"}, {"chunk_id": "ac0a5ea19719f23f", "content": "524 453 iii) Shortfall at the end of the year* 16 39 Amount required to be spent by the company during the year iv) Total of previous years shortfall 0 7 v) Reason for shortfall Pertains to ongoing Promoting education, promoting gender equality by empowering women, healthcare, , environment sustainability, art and culture, destitute care and rehabilitation, disaster relief, COVID-19 relief and rural development projects vi) Nature of CSR activities", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 232, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ec8a10a9830d8db5"}, {"chunk_id": "042dea8fbc6aef23", "content": "Details of related party transactions, e.g. contribution to a trust controlled by the company in relation to CSR expenditure as per relevant Accounting Standard 390 369 Where a provision is made with respect to a liability incurred by entering into a contractual obligation, the movements in the provision during the year shall be shown separately *The unspent amount will be transferred to unspent CSR account within 30 days from the end of the financial year, in accordance with the Companies Act, 2013 read with the CSR Amendment Rules. 2.26 SEGMENT REPORTING The Company publishes this financial statement along with the consolidated financial statements. In accordance with Ind AS 108, Operating Segments, the Company has disclosed the segment information in the consolidated financial statements. The ratios for the years ended March 31, 2025 and March 31, 2024 are as follows: Particulars March 31, 2025 March 31, 2024 Variance Current Ratio 2.4                                    2.6 (7.3%) # Numerator Denominator Current assets Current liabilities Debt – Equity Ratio 0.0                                    0.0 -0.7% Debt Service Coverage Ratio 33.9                                  36.4 (6.9%) Return on Equity (ROE) 30.3% 36.6% -6.2% Trade receivables turnover ratio 5.3 5.6 -5.7% Trade payables turnover ratio 13.5                                  12.7 5.9% Net capital turnover ratio 3.0                                    2.9 2.3% * Net profit ratio 18.7% 21.1% (2.4%)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 234, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7848f187c02d759a"}, {"chunk_id": "2cf778919256debd", "content": "5.3 5.6 -5.7% Trade payables turnover ratio 13.5                                  12.7 5.9% Net capital turnover ratio 3.0                                    2.9 2.3% * Net profit ratio 18.7% 21.1% (2.4%) Return on capital employed (ROCE) 38.9% 42.0% (3.1%) Return on Investment(ROI) Unquoted 9.7% 8.5% 1.2% Quoted 8.2% 7.2% 1.0% Total Debt (represents lease liabilities) (1) Shareholder’s Equity Earnings available for debt service(2) Debt Service(3) Net Profits after taxes Average Shareholder’s Equity Revenue Average Trade Receivable Purchases of services and other expenses Average Trade Payables Revenue Working Capital Net Profit Revenue Earning before interest and taxes Capital Employed(4) Income generated from investments Time weighted average investments (1) Debt represents only lease liabilities Income generated from investments Time weighted average investments (2)  Net Profit after taxes + Non-cash operating expenses + Interest + other adjustments like loss on sale of Fixed assets etc. (3) Lease payments for the current year (4)  Tangible net worth + deferred tax liabilities + Lease Liabilities # Current ratio has decreased due to increase in current assets higher than decrease in current liabilities. * Working capital increase higher than the increase in revenue. 2.28 FUNCTION-WISE CLASSIFICATION OF STATEMENT OF PROFIT AND LOSS (In ₹  crore) Particulars Note No. 2025 2024 Revenue from operations 2.18               136,592            128,933 Cost of sales 94,111              89,032 Gross Profit", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 234, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7848f187c02d759a"}, {"chunk_id": "5632cff4152ebafb", "content": "(In ₹  crore) Particulars Note No. 2025 2024 Revenue from operations 2.18               136,592            128,933 Cost of sales 94,111              89,032 Gross Profit 42,481              39,901 Operating expenses Selling and marketing expenses 6,282                5,668 General and administration expenses 5,319                5,420 Total operating expenses 11,601              11,088 Operating profit 30,880              28,813 Interest expense 221                   277 Other income, net 2.19                   4,782                7,417 Profit before tax 35,441              35,953 Tax expense: Current tax 2.17                 10,836                7,306 Deferred tax 2.17                    (963)                1,413 Profit for the year 25,568              27,234 Other comprehensive income Items that will not be reclassified subsequently to profit or loss Remeasurement of the net defined benefit liability/asset, net (81)                   128 Equity instruments through other comprehensive income, net 2.5 & 2.17 19                     19 Items that will be reclassified subsequently to profit or loss Fair value changes on derivatives designated as cash flow hedge, net 2.11 & 2.17 (24)                     11 Fair value changes on investments, net 2.5                      191                   129 Total other comprehensive income/(loss), net of tax 105                   287 Total comprehensive income for the year 25,673              27,521 for and on behalf of the Board of Directors of Infosys Limited Nandan M.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 234, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7848f187c02d759a"}, {"chunk_id": "3ca4dc5b8c6ddb7c", "content": "Total other comprehensive income/(loss), net of tax 105                   287 Total comprehensive income for the year 25,673              27,521 for and on behalf of the Board of Directors of Infosys Limited Nandan M. Nilekani Salil Parekh Bobby Parikh Chairman Chief Executive Officer Director DIN: 00041245 and Managing Director DIN: 00019437 DIN: 01876159 Bengaluru Jayesh Sanghrajka A.G.S. Manikantha April 17, 2025 Chief Financial Officer Company Secretary Membership No. A21918", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 234, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7848f187c02d759a"}, {"chunk_id": "129b474a958853af", "content": "[OCR] Deloitte Chartered Accountants Prestige Trade Tower; Level 19 46, Palace Road, High Grounds Haskins & Sells LLP Bengaluru-560 001 Karnataka; India Tel: +91 80 6188 6000 Fax: +91 80 6188 6011 INDEPENDENT AUDITOR'S REPORT TO THE BOARD OF DIRECTORS OF INFOSYS LIMITED Report on the Audit of the Interim Condensed Standalone Financial Statements Opinion We have audited the accompanying interim condensed standalone financial statements of INFOSYS LIMITED (the \"Company\") , which comprise the Condensed Balance Sheet as at March 31, Loss   (including Other   Comprehensive 2025, the Condensed Statement of Profit and on that date, the Condensed Statement of Income) for the three months and year ended Changes in Equity and the Condensed Statement of Cash Flows for the year ended on that date, and notes to the financial statements including a summary of the material accounting policies and other explanatory information (hereinafter referred to as the \"interim condensed standalone financial statements In our opinion and to the best of our information and according to the explanations given to uS, the aforesaid interim condensed standalone financial statements give a true and fair view in conformity with Indian Accounting Standard 34 'Interim Financial Reporting\" (\"Ind AS 34\") prescribed under section 133 of the Companies Act, 2013 (the Act\") , read with relevant rules issued thereunder and other accounting principles generally accepted in India, of the state of", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 235, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "937060cd5a38df2a"}, {"chunk_id": "335c991123891382", "content": "prescribed under section 133 of the Companies Act, 2013 (the Act\") , read with relevant rules issued thereunder and other accounting principles generally accepted in India, of the state of affairs of the Company as at March 31, 2025 its profit and total comprehensive income for the three months and year ended on that date, changes in equity and its cash flows for the year ended on that date: Basis for Opinion We conducted our audit of the interim condensed standalone financial statements in accordance Auditing (\"SAs\") specified with the Standards under  section 143(10) of   the Act. Our on responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Interim Condensed Standalone Financial Statements section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (\"ICAI\") together with the ethical requirements that are statements under the condensed  standalone financial relevant to our audit of the interim provisions of the Act and the Rules made thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI's Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion on the interim condensed standalone financial statements.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 235, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "937060cd5a38df2a"}, {"chunk_id": "090aa067a84e3e47", "content": "We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion on the interim condensed standalone financial statements. Responsibilities of Management and Board of Directors for the Interim Condensed Standalone Financial Statements The Company's Board of Directors is responsible for the preparation and presentation of these interim condensed standalone financial statements that give a true and fair view of the financial position, financial performance , including total comprehensive income, changes in equity and other accounting principles cash flows of the Company in accordance with Ind AS 34 and also   includes responsibility maintenance of adequate generally accepted in India. This accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and of appropriate accounting  policies; making judgments estimates and that application are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness Marg; Regd. Office: One International Center; Tower 3, 31st floor; Senapati Bapat Elphinstone Road (West} Mumbai-400 013, Maharashtra, India: Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identification No: AAB-8737", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 235, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "937060cd5a38df2a"}, {"chunk_id": "d87ad3908987a783", "content": "[OCR] Deloitte Haskins & Sells LLP presentation the accounting  records, the   preparation and of the interim of relevant to a true and fair view and are free from condensed standalone financial statements that give material misstatement; whether due to fraud or error. condensed  standalone financial statements, Board  of Directors is In preparing the interim responsible for assessing the Company's ability to continue as going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so_ The Board of Directors are also responsible for overseeing the Company's financial reporting process. for Audit of   the Interim Condensed Standalone Financial Auditor's Responsibilities the Statements about whether the interim condensed reasonable Our objectives are to obtain assurance standalone financial statements as a whole are free from material misstatement, whether due opinion. an auditor's report that includes Reasonable to issue to fraud and or error, our high level of assurance guarantee that audit conducted but is not in assurance is an accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, reasonably be expected to influence the economic decisions of users taken on the they", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 237, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "706e324d14d198be"}, {"chunk_id": "4a4f07e52e010322", "content": "Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, reasonably be expected to influence the economic decisions of users taken on the they could basis of these interim condensed standalone financial statements_ As part of an audit in accordance with SAS, we exercise professional judgment and maintain professional scepticism throughout the audit; We also; Identify and assess the risks of material misstatement of the interim condensed standalone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal financial controls relevant to the audit in order to the design audit procedures that are appropriate in circumstances, but not for the purpose of expressing an opinion on effectiveness of such controls. of  accounting  policies the  appropriateness reasonableness of Evaluate used and the accounting estimates and related disclosures made by management: basis of the appropriateness of management's use of the going concern Conclude on accounting and,", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 237, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "706e324d14d198be"}, {"chunk_id": "84b5b8377b742ddc", "content": "reasonableness of Evaluate used and the accounting estimates and related disclosures made by management: basis of the appropriateness of management's use of the going concern Conclude on accounting and, based on the audit evidence obtained, whether material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as going concern. If we conclude that a material uncertainty exists, our auditor's report to the related disclosures in the we are required to draw attention in interim condensed standalone financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern. overall   presentation, the and content of the interim condensed Evaluate structure financial   statements,  including the  disclosures, and whether the interim standalone financial  statements represent the underlying transactions and standalone condensed a manner that achieves fair presentation_ events in Materiality is the magnitude of misstatements in the interim condensed standalone financial statements that; individually or in aggregate, makes it probable that the economic decisions of reasonably knowledgeable user of the interim condensed standalone financial statements [OCR] Deloitte Haskins & Sells LLP", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 237, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "706e324d14d198be"}, {"chunk_id": "5e626bc610036ea6", "content": "reasonably knowledgeable user of the interim condensed standalone financial statements [OCR] Deloitte Haskins & Sells LLP We consider quantitative materiality and qualitative factors in (i) planning may be influenced the scope f our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of identified standalone misstatements in the interim condensed financial any statements. We also communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings including any significant audit: deficiencies in internal control that we identify during our We also provide those charged with governance with complied with a statement that we have relevant ethical requirements regarding independence , and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm's Registration No. 117366W/W-100018) Vikas Bagaria Partner (Membership No.060408) UDIN: Place: Bengaluru Date: April 17, 2025", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 237, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "706e324d14d198be"}, {"chunk_id": "ec49ced1a87472d0", "content": "INFOSYS LIMITED Condensed Standalone Financial Statements under Indian Accounting Standards (Ind AS) for the three months and year ended March 31, 2025 Condensed Balance Sheet……………………………………………………………………………………………………………1 Condensed Statement of Profit and Loss………………………………………………………………………………………….. 2 Condensed Statement of Changes in Equity………………………………………………………………………………………..3 Condensed Statement of Cash Flows………………………………………………………………………………………………….. 5 Overview and Notes to the Interim Condensed Standalone Financial Statements 1.1 Company overview …………………………………………………………………………………………………………… 7 1.2 Basis of preparation of financial statements …………………………………………………………………………………………………………… 7 1.3 Use of estimates and judgments…………………………………………………………………………………………………………… 7 1.4 Critical accounting estimates and judgements…………………………………………………………………………………………………………… 7 2. Notes to the Interim Condensed Financial Statements 2.1 Property, plant and equipment…………………………………………………………………………………………………………… 9 2.2 Goodwill and intangible assets………………………………………………………………………………………… 11 2.3 Leases……………………………………………………………………………………………………………………….12 2.4 Investments………………………………………………………………………………………………………………..14 2.5 Loans………………………………………………………………………………………………………………………...16 2.6 Other financial assets…………………………………………………………………………………………………………. 16 2.7 Trade Receivables ………………………………………………………………………………………………………….16 2.8 Cash and cash equivalents………………………………………………………………………………………………………….", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 239, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "eea885dd7d269846"}, {"chunk_id": "4b021de1cec8b3f6", "content": "2.6 Other financial assets…………………………………………………………………………………………………………. 16 2.7 Trade Receivables ………………………………………………………………………………………………………….16 2.8 Cash and cash equivalents…………………………………………………………………………………………………………. 17 2.9 Other assets……………………………………………………………………………………………………………… 17 2.10 Financial instruments…………………………………………………………………………………………………………. 18 2.11 Equity……………………………………………………………………………………………………………………..21 2.12 Other financial liabilities…………………………………………………………………………………………………………. 24 2.13 Trade payables…………………………………………………………………………………………………………. 24 2.14 Other liabilities…………………………………………………………………………………………………………. 24 2.15 Provisions………………………………………………………………………………………………………………. 25 2.16 Income taxes……………………………………………………………………………………………………………. 25 2.17 Revenue from operations…………………………………………………………………………………………………………. 26 2.18 Other income, net………………………………………………………………………………………………………….28 2.19 Expenses……………………………………………………………………………………………………………….. 29 2.20 Earnings per equity share…………………………………………………………………………………………………………. 30 2.21 Contingent liabilities and commitments…………………………………………………………………………………………………………. 30 2.22 Related party transactions…………………………………………………………………………………………………………. 30 2.23 Segment Reporting…………………………………………………………………………………………………………. 31 Condensed Balance Sheet as at ASSETS Note No. March 31, 2025 March 31, 2024 Property, plant and equipment 2.1 10,070                                                    10,813 Right-of-use assets 2.3", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 239, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "eea885dd7d269846"}, {"chunk_id": "83c436e15b05aa49", "content": "31 Condensed Balance Sheet as at ASSETS Note No. March 31, 2025 March 31, 2024 Property, plant and equipment 2.1 10,070                                                    10,813 Right-of-use assets 2.3 3,078                                                      3,303 Capital work-in-progress 778                                                         277 Goodwill 2.2 211                                                         211 Financial assets Investments 2.4 27,371                                                    23,352 Loans 2.5 26                                                           34 Other financial assets 2.6 2,350                                                      1,756 Deferred tax assets (net) 2.16 497 - Income tax assets (net) 2.16 1,164                                                      2,583 Other non-current assets 2.9 2,223                                                      1,669 Total non-current assets 47,768                                                    43,998 Investments 2.4 11,147                                                    11,307 Trade receivables 2.7 26,413                                                    25,152 Cash and cash equivalents 2.8 14,265                                                      8,191 Loans 2.5 207                                                         208 Other financial assets 2.6 12,569                                                    10,129 Income tax assets (net) 2.16", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 239, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "eea885dd7d269846"}, {"chunk_id": "9c112d1e2ff0659a", "content": "Loans 2.5 207                                                         208 Other financial assets 2.6 12,569                                                    10,129 Income tax assets (net) 2.16 2,949                                                      6,329 Other current assets 2.9 9,618                                                      9,636 77,168                                                    70,952 124,936                                                  114,950 EQUITY AND LIABILITIES Equity share capital 2.11 2,076                                                      2,075 Other equity 85,256                                                    79,101 Total equity 87,332                                                    81,176 LIABILITIES Non-current liabilities Financial liabilities Lease liabilities 2.3 2,694                                                      3,088 Other financial liabilities 2.12 1,991                                                      1,941 Deferred tax liabilities (net) 1,062                                                      1,509 Other non-current liabilities 2.14 95                                                         150 Total non - current liabilities 5,842                                                      6,688 Financial liabilities Lease liabilities 2.3 765                                                         678 Trade payables 2.13 Total outstanding dues of micro enterprises and small enterprises", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 239, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "eea885dd7d269846"}, {"chunk_id": "f441c9a68de337cc", "content": "Financial liabilities Lease liabilities 2.3 765                                                         678 Trade payables 2.13 Total outstanding dues of micro enterprises and small enterprises 8                                                           92 Total outstanding dues of creditors other than micro enterprises and small enterprises Other financial liabilities 2.12 14,101                                                    11,808 Other current liabilities 2.14 9,159                                                      7,681 Provisions 2.15 993                                                      1,464 Income tax liabilities (net) 2.16 4,016                                                      2,962", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 239, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "eea885dd7d269846"}, {"chunk_id": "e196d9b7536bcbcc", "content": "2,720                                                      2,401 31,762                                                    27,086 Total equity and liabilities 124,936                                                  114,950 The accompanying notes form an integral part of the interim condensed standalone financial statements. Total current liabilities As per our report of even date attached for  Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited Chartered Accountants Firm's Registration No: 117366W/W-100018 Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director Membership No. 060408 DIN: 00041245 and Managing Director DIN: 00019437 DIN: 01876159 Jayesh Sanghrajka A.G.S. Manikantha Bengaluru Chief Financial Officer Company Secretary April 17, 2025 Membership No. A21918 (In ₹ crore except equity share and per equity share data) Condensed Statement of Profit and Loss for the Note No. 2025 2024 2025 2024 Revenue from operations 2.17 34,136                        32,001                              136,592                          128,933 Other income, net 2.18 1,323                          3,483                                  4,782                              7,417 Total income 35,459                        35,484                              141,374                          136,350 Year ended March 31, Three months ended March 31, Expenses Employee benefit expenses 2.19", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 241, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "90f9efac9c51b6c2"}, {"chunk_id": "2e5228aef111dbc2", "content": "Total income 35,459                        35,484                              141,374                          136,350 Year ended March 31, Three months ended March 31, Expenses Employee benefit expenses 2.19 17,259                        16,047                                67,466                            65,139 Cost of technical sub-contractors 4,941                          4,648                                19,353                            18,638 Travel expenses 413                             371                                  1,467                              1,372 Cost of software packages and others 2.19 2,142                          2,098                                  9,617                              6,891 Communication expenses 104                             109                                     448                                 489 Consultancy and professional charges 358                             287                                  1,245                              1,059 Depreciation and amortization expenses 590                             722                                  2,619                              2,944 Finance cost 51                               62                                     221                                 277 Other expenses 2.19 540                             726                                  3,497                              3,588 Total expenses", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 241, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "90f9efac9c51b6c2"}, {"chunk_id": "512e055104ad069f", "content": "Other expenses 2.19 540                             726                                  3,497                              3,588 Total expenses 26,398                        25,070                              105,933                          100,397 Profit before tax 9,061                        10,414                                35,441                            35,953 Tax expense: Current tax 2.16 2,408                             830                                10,836                              7,306 Deferred tax 2.16 25                          1,104                                    (963)                              1,413 Profit for the period 6,628                          8,480                                25,568                            27,234 Other comprehensive income Items that will not be reclassified subsequently to profit or loss Remeasurement of the net defined benefit liability/asset, net (144) 36                                      (81)                                 128 Equity instruments through other comprehensive income, net 30                              (12) 19                                   19 Items that will be reclassified subsequently to profit or loss Fair value changes on derivatives designated as cash flow hedge, net (57) 28                                      (24)                                   11 Fair value changes on investments, net", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 241, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "90f9efac9c51b6c2"}, {"chunk_id": "efa90ba3a44700be", "content": "Fair value changes on derivatives designated as cash flow hedge, net (57) 28                                      (24)                                   11 Fair value changes on investments, net 63                               34                                     191                                 129 Total other comprehensive income/ (loss), net of tax (108) 86                                     105                                 287 Total comprehensive income for the period 6,520                          8,566                                25,673                            27,521 Earnings per equity share Equity shares of par value ₹5/- each Basic (in ₹ per share) 15.96                          20.43                                  61.58                              65.62 Diluted (in ₹ per share) 15.93                          20.41                                  61.46                              65.56 Basic (in shares) 2.20 4,152,456,999            4,150,556,748                    4,151,936,905                4,150,099,796 Diluted (in shares) 2.20 4,159,621,677            4,154,351,655                    4,159,905,476                4,153,994,624 The accompanying notes form an integral part of the interim condensed standalone financial statements. Weighted average equity shares used in computing earnings per equity share As per our report of even date attached for Deloitte Haskins & Sells LLP Chartered Accountants", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 241, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "90f9efac9c51b6c2"}, {"chunk_id": "9e296760949febbe", "content": "Weighted average equity shares used in computing earnings per equity share As per our report of even date attached for Deloitte Haskins & Sells LLP Chartered Accountants for and on behalf of the Board of Directors of Infosys Limited Firm's Registration No: 117366W/W-100018 Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director Membership No. 060408 DIN: 00041245 and Managing Director DIN: 00019437 DIN: 01876159 Bengaluru Chief Financial Officer Company Secretary Jayesh Sanghrajka A.G.S. Manikantha April 17, 2025 Membership No. A21918 Condensed Statement of Changes in Equity (In ₹ crore) Particulars Securities Premium Capital reserve Retained earnings Total equity attributable Other comprehensive income Special Economic through other comprehensive to equity holders of the Balance as at April 1, 2023 2,074              54              2,862                  169                  133             52,183                      2                  878               9,654 260                            (5)                          (519)                                 67,745", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 241, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "90f9efac9c51b6c2"}, {"chunk_id": "be8c2b197ed82d2d", "content": "Changes in equity for the period ended March 31, 2024 Profit for the period -                 -                      -                       -                       -               27,234 -                       -                       - -                              -                                 -                                   27,234 Remeasurement of the net defined benefit liability/asset, net* -                 -                      -                       -                       -                       -                       -                       -                       - -                              -                              128                                      128 Equity instruments through other comprehensive income, net* -                 -                      -                       -                       -                       -                       -                       -                       -                                19 -                                 -                                          19 Fair value changes on derivatives designated as cash flow hedge, net* -                 -                      -                       -                       -                       -                       -                       -                       - -                              11 -                                          11 Fair value changes on investments, net*", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 242, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f14c984f8c6da0dd"}, {"chunk_id": "6701972672a65ae3", "content": "-                              11 -                                          11 Fair value changes on investments, net* -                 -                      -                       -                       -                       -                       -                       -                       - -                              -                              129                                      129 Total comprehensive income for the period -                 -                      -                       -                       -               27,234 -                       -                       -                                19                            11                            257                                 27,521 Transferred to Special Economic Zone Re-investment reserve -                 -                      -                       -                       -               (2,957) -                       -                 2,957 -                              -                                 -                                           - Transferred from Special Economic Zone Re-investment reserve on utilization -                 -                      -                       -                       -                    824 -                       -                   (824) -                              -                                 -                                           -", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 242, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f14c984f8c6da0dd"}, {"chunk_id": "9f7bffc22acdd8e7", "content": "-                       -                   (824) -                              -                                 -                                           - Transferred on account of exercise of stock options (Refer to note 2.11) -                 -                      -                       -                    447 -                       -                   (447) - -                              -                                 -                                           - Transferred on account of options not exercised -                 -                      -                       -                       -                       -                    160                 (160) - -                              -                                 -                                           - Shares issued on exercise of employee stock options (Refer to note 2.11) 1 -                      -                       -                       -                       -                       -                       -                       - -                              -                                 -                                            1 Employee stock compensation expense (Refer to note 2.11) -                 -                      -                       -                       -                       -                       -                    639 -", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 242, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f14c984f8c6da0dd"}, {"chunk_id": "c5c73633641b4b87", "content": "-                 -                      -                       -                       -                       -                       -                    639 - -                              -                                 -                                        639 Income tax benefit arising on exercise of stock options -                 -                      -                       -                       -                       -                       -                        3 - -                              -                                 -                                            3 Dividends -                 -                      -                       -                       -            (14,733) -                       -                       - -                              -                                 -                                (14,733) Balance as at March 31, 2024 2,075              54              2,862                  169                  580             62,551                  162                  913             11,787 279                              6                          (262)                                 81,176 Condensed Statement of Changes in Equity (contd.) (In ₹ crore) Particulars Other comprehensive income Other Equity Reserves & Surplus Capital reserve General reserve Capital redemption through other comprehensive Total equity attributable to equity holders of the", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 242, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f14c984f8c6da0dd"}, {"chunk_id": "113ab7fa0189edec", "content": "(In ₹ crore) Particulars Other comprehensive income Other Equity Reserves & Surplus Capital reserve General reserve Capital redemption through other comprehensive Total equity attributable to equity holders of the Balance as at April 1, 2024 2,075              54              2,862                  169                  580             62,551                  162                  913             11,787 279                              6                          (262)                                 81,176 Changes in equity for the period ended March 31, 2025 Profit for the period -                 -                      -                       -                       -               25,568 -                       -                       - -                              -                                 -                                   25,568", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 242, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f14c984f8c6da0dd"}, {"chunk_id": "2f3b94efe9846906", "content": "Remeasurement of the net defined benefit liability/asset, net* -                 -                      -                       -                       -                       -                       -                       -                       - -                              -                               (81)                                      (81) Equity instruments through other comprehensive income, net* -                 -                      -                       -                       -                       -                       -                       -                       -                                19 -                                 -                                          19 Fair value changes on derivatives designated as cash flow hedge, net* -                 -                      -                       -                       -                       -                       -                       -                       - -                           (24) -                                        (24) Fair value changes on investments, net* -                 -                      -                       -                       -                       -                       -                       -                       - -                              -                              191                                      191 Total comprehensive income for the period", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 243, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bf13a0fb4dc5cf92"}, {"chunk_id": "9def37df1bb052a6", "content": "-                              -                              191                                      191 Total comprehensive income for the period -                 -                      -                       -                       -               25,568 -                       -                       -                                19                          (24)                            110                                 25,673 Transferred from Special Economic Zone Re-investment reserve on utilization -                 -                      -                       -                       -                    821 -                       -                   (821) -                              -                                 -                                           - Transferred from Special Economic Zone Re-investment reserve to retained earnings -                 -                      -                       -                       -                 2,999 -                       -               (2,999) -                              -                                 -                                           - Transferred to Special Economic Zone Re-investment reserve -                 -                      -                       -                       -                     (74) -                       -                      74", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 243, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bf13a0fb4dc5cf92"}, {"chunk_id": "35f9c8ec08bdbc15", "content": "-                 -                      -                       -                       -                     (74) -                       -                      74 -                              -                                 -                                           - Transferred on account of exercise of stock options (Refer to note 2.11) -                 -                      -                       -                    472 -                       -                   (472) - -                              -                                 -                                           - Transferred on account of options not exercised -                 -                      -                       -                       -                       -                    197                 (197) - -                              -                                 -                                           - Shares issued on exercise of employee stock options (Refer to note 2.11) 1 -                      -                       -                        2 -                       -                       -                       - -                              -                                 -                                            3 Employee stock compensation expense (Refer to note 2.11)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 243, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bf13a0fb4dc5cf92"}, {"chunk_id": "7fce6238f7921aa0", "content": "-                              -                                 -                                            3 Employee stock compensation expense (Refer to note 2.11) -                 -                      -                       -                       -                       -                       -                    786 - -                              -                                 -                                        786 Income tax benefit arising on exercise of stock options -                 -                      -                       -                       -                       -                       -                      39 - -                              -                                 -                                          39 Dividends -                 -                      -                       -                       -            (20,345) -                       -                       - -                              -                                 -                                (20,345) Balance as at March 31, 2025 2,076              54              2,862                  169               1,054             71,520                  359               1,069               8,041 298                          (18)                          (152)                                 87,332", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 243, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bf13a0fb4dc5cf92"}, {"chunk_id": "97993cb696c64022", "content": "298                          (18)                          (152)                                 87,332 (1)The Special Economic Zone Re-investment Reserve has been created out of the profit of eligible SEZ units in terms of the provisions of Sec 10AA(1)(ii) of Income Tax Act, 1961. The reserve should be utilized by the Company for acquiring new plant and machinery for the purpose of its business in the terms of the Sec 10AA(2) of the Income Tax Act, 1961. (2)Profit / loss on transfer of business between entities under common control taken to reserve. The accompanying notes form an integral part of the interim condensed standalone financial statements. As per our report of even date attached for Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited Chartered Accountants Firm's Registration No: 117366W/W-100018 Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director Membership No. 060408 DIN: 00041245 and Managing Director DIN: 00019437 DIN: 01876159 Jayesh Sanghrajka A.G.S. Manikantha Bengaluru Chief Financial Officer Company Secretary April 17, 2025 Membership No. A21918 Condensed Statement of Cash Flows", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 243, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bf13a0fb4dc5cf92"}, {"chunk_id": "168054a33c94d399", "content": "Cash flows are reported using the indirect method, whereby profit for the period is adjusted for the effects of transactions of a non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments and item of income or expenses associated with investing or financing cash flows. The cash flows from operating, investing and financing activities of the Company are segregated. The Company considers all highly liquid investments that are readily convertible to known amounts of cash to be cash equivalents. (In ₹ crore) Particulars Note No. Profit for the period 25,568                      27,234 Adjustments to reconcile net profit to net cash provided by operating activities Cash flow from operating activities Depreciation and Amortization 2,619                        2,944 Income tax expense 2.16 9,873                        8,719 Impairment loss recognized / (reversed) under expected credit loss model (7)                           130 Finance cost 221                           277 (3,699)                      (4,670) Stock compensation expense Interest and dividend income 712                           575 (114)                             77 170                             63 (327)                      (1,934) Other adjustments 165                           235 Exchange differences on translation of assets and liabilities, net Provision for post sale client support Interest receivable on income tax refund", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 245, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c8cda0cd7248639f"}, {"chunk_id": "2ac4d6aadaa837a5", "content": "Other adjustments 165                           235 Exchange differences on translation of assets and liabilities, net Provision for post sale client support Interest receivable on income tax refund Changes in assets and liabilities Trade receivables and unbilled revenue (2,994)                      (2,933) Loans, other financial assets and other assets (1,942)                      (1,645) Trade payables 236                             67 Other financial liabilities, other liabilities and provisions 3,529                         (117) 34,010                      29,022 Income taxes paid (4,601)                      (8,235) Net cash generated by operating activities 29,409                      20,787 Cash generated from operations Cash flow from investing activities Expenditure on property, plant and equipment Deposits placed with corporation (1,587)                      (1,832) (1,026)                         (688) 593                           522 Interest and dividend received 1,672                        1,441 Dividend received from subsidiary 1,522                        2,976 Loan given to subsidiaries (10) - Loan repaid by subsidiaries -                                 4 Investment in subsidiaries (4,361)                           (63) Payment towards acquisition of entities (184) - Receipt / (payment) towards business transfer for entities under common control -                               35 Receipt / (payment) from entities under liquidation", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 245, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c8cda0cd7248639f"}, {"chunk_id": "e375e03ed7d2d701", "content": "Payment towards acquisition of entities (184) - Receipt / (payment) towards business transfer for entities under common control -                               35 Receipt / (payment) from entities under liquidation -                               80 Other receipts 2                           123 Payments to acquire investments Redemption of deposits placed with corporation Liquid mutual fund units (66,637)                    (57,606) Commercial papers (6,058)                      (9,405) Certificates of deposit (6,138)                      (7,011) Non-convertible debentures (3,240)                      (1,526) Other investments (25)                             (2) Proceeds on sale of investments Liquid mutual fund units 67,597                      56,124 Tax free bonds and government bonds 105                           150 Non-convertible debentures 2,376                           955 Certificates of deposit 5,984                        6,962 Commercial papers 7,260                        5,475 Government Securities 200                               5 Other investments 12                             20 Net cash used in investing activities (1,943)                      (3,261) (In ₹ crore) Particulars Note No. Payment of Lease Liabilities (859)                         (850) Shares issued on exercise of employee stock options 3                               1 Other payments (186)                         (243) Payment of dividends (20,337)                    (14,733) Cash flow from financing activities", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 245, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c8cda0cd7248639f"}, {"chunk_id": "5e052098194b8a1b", "content": "3                               1 Other payments (186)                         (243) Payment of dividends (20,337)                    (14,733) Cash flow from financing activities Net cash used in financing activities Net increase / (decrease) in cash and cash equivalents (21,379)                    (15,825) 6,087                        1,701 Effect of exchange differences on translation of foreign currency cash and cash equivalents (13)                           (44) Cash and cash equivalents at the beginning of the period 2.8 8,191                        6,534 Cash and cash equivalents at the end of the period 2.8 14,265                        8,191 Supplementary information: Restricted cash balance 2.8 45                             44 The accompanying notes form an integral part of the interim condensed standalone financial statements. As per our report of even date attached for  Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited Chartered Accountants Firm's Registration No: Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director Membership No. 060408 DIN: 00041245 and Managing Director DIN: 00019437 DIN: 01876159 Bengaluru Chief Financial Officer Company Secretary Jayesh Sanghrajka A.G.S. Manikantha April 17, 2025 Membership No. A21918 Overview and Notes to the Interim Condensed Standalone Financial Statements", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 245, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c8cda0cd7248639f"}, {"chunk_id": "41e243b8e6f53589", "content": "DIN: 00019437 DIN: 01876159 Bengaluru Chief Financial Officer Company Secretary Jayesh Sanghrajka A.G.S. Manikantha April 17, 2025 Membership No. A21918 Overview and Notes to the Interim Condensed Standalone Financial Statements Infosys Limited ('the Company' or Infosys) provides consulting, technology, outsourcing and next-generation digital services, to enable clients to execute strategies for their digital transformation. Infosys strategic objective is to build a sustainable organization that remains relevant to the agenda of clients, while creating growth opportunities for employees and generating profitable returns for investors. Infosys strategy is to be a navigator for our clients as they ideate, plan and execute on their journey to a digital future.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 245, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c8cda0cd7248639f"}, {"chunk_id": "340ffecd43cbd08a", "content": "The Company is a public limited company incorporated and domiciled in India and has its registered office at Electronics City, Hosur Road, Bengaluru 560100, Karnataka, India. The company has its primary listings on the BSE Ltd. and National Stock Exchange of India Limited. The Company’s American Depositary Shares (ADS) representing equity shares are listed on the New York Stock Exchange (NYSE). The interim condensed standalone financial statements are approved for issue by the Company's Board of Directors on April 17, 2025. 1.2 Basis of preparation of financial statements These interim condensed standalone financial statements are prepared in compliance with Indian Accounting Standard (Ind AS) 34 Interim Financial Reporting , under the historical cost convention on accrual basis except for certain financial instruments which are measured at fair values, defined benefit liability/(asset) which is recognised at the present value of defined benefit obligation less fair value of plan assets, the provisions of the Companies Act, 2013 ('the Act') and guidelines issued by the Securities and Exchange Board of India (SEBI). Accordingly, these interim condensed consolidated financial statements do not include all the information required for a complete set of financial statements. These interim condensed consolidated financial statements should be read in conjunction with the consolidated", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 246, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "42d93918bf7f58dc"}, {"chunk_id": "ad394433cd2b15fa", "content": "required for a complete set of financial statements. These interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes included in the Company’s Annual Report for the year ended March 31, 2024. The Ind AS are prescribed under Section 133 of the Act read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules issued thereafter. Accounting policies have been consistently applied except where a newly issued accounting standard is initially adopted or a revision to an existing accounting standard requires a change in the accounting policy hitherto in use. The material accounting policy information used in preparation of the audited interim condensed standalone financial statements have been discussed in the respective notes. As the quarter and year-end figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures reported for the previous quarters might not always add up to the year-end figures reported in this statement. 1.3 Use of estimates and judgments The preparation of the interim condensed standalone financial statements in conformity with Ind AS requires the management to make estimates, judgments and assumptions.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 246, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "42d93918bf7f58dc"}, {"chunk_id": "7866ebd65015cc8b", "content": "1.3 Use of estimates and judgments The preparation of the interim condensed standalone financial statements in conformity with Ind AS requires the management to make estimates, judgments and assumptions. These estimates, judgments and assumptions affect the application of accounting policies and the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the interim condensed standalone financial statements and reported amounts of revenues and expenses during the period. The application of accounting policies that require critical accounting estimates involving complex and subjective judgments and the use of assumptions in these financial statements have been disclosed in Note no. 1.4. Accounting estimates could change from period to period. Actual results could differ from those estimates. Appropriate changes in estimates are made as management becomes aware of changes in circumstances surrounding the estimates. Changes in estimates and judgements are reflected in the interim condensed standalone financial statements in the period in which changes are made and, if material, their effects are disclosed in the notes to the interim condensed standalone financial statements. 1.4 Critical accounting estimates and judgments a. Revenue recognition The Company’s contracts with customers include promises to transfer multiple products and services to a customer.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 246, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "42d93918bf7f58dc"}, {"chunk_id": "8b9c7015d052a493", "content": "1.4 Critical accounting estimates and judgments a. Revenue recognition The Company’s contracts with customers include promises to transfer multiple products and services to a customer. Revenues from customer contracts are considered for recognition and measurement when the contract has been approved, in writing, by the parties to the contract, the parties to contract are committed to perform their respective obligations under the contract, and the contract is legally enforceable. The Company assesses the services promised in a contract and identifies distinct performance obligations in the contract. Identification of distinct performance obligations to determine the deliverables and the ability of the customer to benefit independently from such deliverables, and allocation of transaction price to these distinct performance obligations involves significant judgement. Fixed price maintenance revenue is recognized ratably on a straight-line basis when services are performed through an indefinite number of repetitive acts over a specified period. Revenue from fixed price maintenance contract is recognized ratably using a percentage of completion method when the pattern of benefits from the services rendered to the customer and Company’s costs to fulfil the contract is not even through the period of the contract because the services are generally discrete in nature and not repetitive.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 246, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "42d93918bf7f58dc"}, {"chunk_id": "c0719a5ed50fabc2", "content": "services rendered to the customer and Company’s costs to fulfil the contract is not even through the period of the contract because the services are generally discrete in nature and not repetitive. The use of method to recognize the maintenance revenues requires judgment and is based on the promises in the contract and nature of the deliverables. The Company uses the percentage-of-completion method in accounting for other fixed-price contracts. Use of the percentage-of-completion method requires the Company to determine the actual efforts or costs expended to date as a proportion of the estimated total efforts or costs to be incurred. Efforts or costs expended have been used to measure progress towards completion as there is a direct relationship between input and productivity. The estimation of total efforts or costs involves significant judgement and is assessed throughout the period of the contract to reflect any changes based on the latest available information. Contracts with customers includes subcontractor services or third-party vendor equipment or software in certain integrated services arrangements. In these types of arrangements, revenue from sales of third-party vendor products or services is recorded net of costs when the Company is acting as an agent between the customer and the vendor, and gross when the Company is the principal for the transaction.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 246, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "42d93918bf7f58dc"}, {"chunk_id": "3f3a2b2eef49e693", "content": "the vendor, and gross when the Company is the principal for the transaction. In doing so, the Company first evaluates whether it obtains control of the specified goods or services before they are transferred to the customer. The Company considers whether it is primarily responsible for fulfilling the promise to provide the specified goods or services, inventory risk, pricing discretion and other factors to determine whether it controls the specified goods or services and therefore, is acting as a principal or an agent. Provisions for estimated losses, if any, on incomplete contracts are recorded in the period in which such losses become probable based on the estimated efforts or costs to complete the contract. The Company's two major tax jurisdictions are India and the United States, though the Company also files tax returns in other overseas jurisdictions. Significant judgments are involved in determining the provision for income taxes, including amount expected to be paid/recovered for uncertain tax positions.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 246, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "42d93918bf7f58dc"}, {"chunk_id": "0013e32f4b2711fe", "content": "In assessing the realizability of deferred income tax assets, Management considers whether some portion or all of the deferred income tax assets will not be realized. The ultimate realization of deferred income tax assets is dependent upon the generation of future taxable income during the periods in which the temporary differences become deductible. Management considers the scheduled reversals of deferred income tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based on the level of historical taxable income and projections for future taxable income over the periods in which the deferred income tax assets are deductible, management believes that the company will realize the benefits of those deductible differences. The amount of the deferred income tax assets considered realizable, however, could be reduced in the near term if estimates of future taxable income during the carry forward period are reduced. (Refer to note 2.16). c. Property, plant and equipment Property, plant and equipment represent a significant proportion of the asset base of the Company. The charge in respect of periodic depreciation is derived after determining an estimate of an asset’s expected useful life and the expected residual value at the end of its life. The useful lives and residual values of Company's assets", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 247, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f61a6a9b9fbbefe8"}, {"chunk_id": "640219c1fcd26619", "content": "determining an estimate of an asset’s expected useful life and the expected residual value at the end of its life. The useful lives and residual values of Company's assets are determined by the management at the time the asset is acquired and reviewed periodically, including at each financial year end. The lives are based on historical experience with similar assets as well as anticipation of future events, which may impact their life, such as changes in technology. (Refer to note 2.1). 2.1 PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment are stated at cost, less accumulated depreciation and impairment, if any. Costs directly attributable to acquisition are capitalized until the property, plant and equipment are ready for use, as intended by the Management. The charge in respect of periodic depreciation is derived at after determining an estimate of an asset’s expected useful life and the expected residual value at the end of its life. The Company depreciates property, plant and equipment over their estimated useful lives using the straight-line method. The estimated useful lives of assets are as follows: Building(1) 22-25 years Plant and machinery(1) 5 years Office equipment 5 years Computer equipment(1) 3-5 years Furniture and fixtures(1) 5 years Vehicles(1) 5 years Leasehold improvements Lower of useful life of the asset or lease term", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 247, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f61a6a9b9fbbefe8"}, {"chunk_id": "31d405ced832174e", "content": "Building(1) 22-25 years Plant and machinery(1) 5 years Office equipment 5 years Computer equipment(1) 3-5 years Furniture and fixtures(1) 5 years Vehicles(1) 5 years Leasehold improvements Lower of useful life of the asset or lease term (1) Based on technical evaluation, the Management believes that the useful lives as given above best represent the period over which Management expects to use these assets. Hence, the useful lives for these assets is different from the useful lives as prescribed under Part C of Schedule II of the Companies Act 2013. Depreciation methods, useful lives and residual values are reviewed periodically, including at each financial year end. The useful lives are based on historical experience with similar assets as well as anticipation of future events, which may impact their life, such as changes in technology. Advances paid towards the acquisition of property, plant and equipment outstanding at each Balance Sheet date is classified as capital advances under other non-current assets and the cost of assets not ready to use before such date are disclosed under ‘Capital work-in-progress’. Subsequent expenditures relating to property, plant and equipment is capitalized only when it is probable that future economic benefits associated with these will flow to the Company and the cost of the item can be measured reliably. The cost and related accumulated depreciation are eliminated from the financial", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 247, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f61a6a9b9fbbefe8"}, {"chunk_id": "85b735fffda038e1", "content": "economic benefits associated with these will flow to the Company and the cost of the item can be measured reliably. The cost and related accumulated depreciation are eliminated from the financial statements upon sale or retirement of the asset. Property, plant and equipment are evaluated for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value less cost to sell and the value-in-use) is determined on an individual asset basis unless the asset does not generate cash flows that are largely independent of those from other assets. In such cases, the recoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs. If such assets are considered to be impaired, the impairment to be recognized in the interim condensed Statement of Profit and Loss is measured by the amount by which the carrying value of the assets exceeds the estimated recoverable amount of the asset. An impairment loss is reversed in the interim condensed Statement of Profit and Loss if there has been a change in the estimates used to determine the recoverable amount. The carrying amount of the asset is increased to its revised recoverable amount, provided that this amount does not exceed the carrying amount that would have been determined", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 247, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f61a6a9b9fbbefe8"}, {"chunk_id": "333b177787d01603", "content": "the recoverable amount. The carrying amount of the asset is increased to its revised recoverable amount, provided that this amount does not exceed the carrying amount that would have been determined (net of any accumulated depreciation) had no impairment loss been recognized for the asset in prior years. The changes in the carrying value of property, plant and equipment for the three months ended March 31, 2025 are as follows: Particulars Land- Freehold Buildings(1)(2) Plant and machinery(2) Computer equipment(2) Leasehold Improvements Vehicles Total Gross carrying value as at January 1, 2025 1,430 10,623 3,241 1,421 7,439 2,162 945 45      27,306 Additions 47                       3                     6                    15                 576                          6                         17               1           671 Deletions** -                      (5)                   (9)                  (13)                 (98)                      (42)                     (181) -          (348) Gross carrying value as at March 31, 2025 1,477             10,621              3,238               1,423              7,917                  2,126                      781             46      27,629 Accumulated depreciation as at January 1, 2025 -                (4,867)            (2,856)             (1,183)            (5,921)                 (1,801)                     (770)           (42)    (17,440) Depreciation", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 247, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f61a6a9b9fbbefe8"}, {"chunk_id": "5ae985cdc23c0163", "content": "-                (4,867)            (2,856)             (1,183)            (5,921)                 (1,801)                     (770)           (42)    (17,440) Depreciation -                     (98)                 (40)                  (24)               (238)                      (36)                       (22)             (1)         (459) Accumulated depreciation on deletions** -                        1                     8                    12                   97                        41                      181 -             340 Accumulated depreciation as at March 31, 2025 -                (4,964)            (2,888)             (1,195)            (6,062)                 (1,796)                     (611)           (43)    (17,559) Carrying value as at January 1, 2025 1,430               5,756                 385                  238              1,518                      361                      175               3        9,866", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 247, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f61a6a9b9fbbefe8"}, {"chunk_id": "07e7b71e39554c41", "content": "Carrying value as at March 31, 2025 1,477               5,657                 350                  228              1,855                      330                      170               3      10,070 The changes in the carrying value of property, plant and equipment for the three months ended March 31, 2024 are as follows: Particulars Land- Freehold Buildings(1)(2) Plant and machinery(2) Computer equipment(2) Leasehold Improvements Vehicles Total Gross carrying value as at January 1, 2024 1,430 10,403 3,154 1,354 7,240 2,141 977 45      26,744 Additions -                    276                   76                    29                 298                        48                         16 -             743 Deletions* -                       -                  (16)                  (13)               (159)                      (29)                       (30) -          (247) Gross carrying value as at March 31, 2024 1,430             10,679              3,214               1,370              7,379                  2,160                      963             45      27,240 Accumulated depreciation as at January 1, 2024 -                (4,475)            (2,694)             (1,123)            (5,373)                 (1,680)                     (722)           (42)    (16,109) Depreciation -                   (100)                 (54)                  (28)               (277)                      (53)                       (39) -          (551)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 248, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "eda3d07454e480ff"}, {"chunk_id": "5f0b3064a4982566", "content": "Depreciation -                   (100)                 (54)                  (28)               (277)                      (53)                       (39) -          (551) Accumulated depreciation on deletions* -                       -                     16                    12                 153                        24                         28 -             233 Accumulated depreciation as at March 31, 2024 -                (4,575)            (2,732)             (1,139)            (5,497)                 (1,709)                     (733)           (42)    (16,427) Carrying value as at January 1, 2024 1,430               5,928                 460                  231              1,867                      461                      255               3      10,635 Carrying value as at March 31, 2024 1,430               6,104                 482                  231              1,882                      451                      230               3      10,813 The changes in the carrying value of property, plant and equipment for the year ended March 31, 2025 are as follows: Particulars Land- Freehold Buildings(1)(2) Plant and machinery(2) Computer equipment(2) Leasehold Improvements Vehicles Total Gross carrying value as at April 1, 2024 1,430 10,679 3,214 1,370 7,379 2,160 963 45      27,240 Additions", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 248, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "eda3d07454e480ff"}, {"chunk_id": "37054ab335faad08", "content": "Particulars Land- Freehold Buildings(1)(2) Plant and machinery(2) Computer equipment(2) Leasehold Improvements Vehicles Total Gross carrying value as at April 1, 2024 1,430 10,679 3,214 1,370 7,379 2,160 963 45      27,240 Additions 47                    32                   45                    97              1,013                        47                         68               2        1,351 Deletions** -                     (90)                 (21)                  (44)               (475)                      (81)                     (250)             (1)         (962) Gross carrying value as at March 31, 2025 1,477             10,621              3,238               1,423              7,917                  2,126                      781             46      27,629 Accumulated depreciation as at April 1, 2024 -                (4,575)            (2,732)             (1,139)            (5,497)                 (1,709)                     (733)           (42)    (16,427) Depreciation -                   (402)               (176)                  (99)            (1,034)                    (166)                     (125)             (2)      (2,004) Accumulated depreciation on deletions** -                      13                   20                    43                 469                        79                      247               1           872 Accumulated depreciation as at March 31, 2025", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 248, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "eda3d07454e480ff"}, {"chunk_id": "481d0aff56784e9d", "content": "Accumulated depreciation as at March 31, 2025 -                (4,964)            (2,888)             (1,195)            (6,062)                 (1,796)                     (611)           (43)    (17,559) Carrying value as at April 1, 2024 1,430               6,104                 482                  231              1,882                      451                      230               3      10,813 Carrying value as at March 31, 2025 1,477               5,657                 350                  228              1,855                      330                      170               3      10,070 ** During the three months and year ended March 31, 2025, certain assets which were not in use having gross book value of ₹76 crore (net book value: Nil) and ₹411 crore (net book value: Nil), respectively were retired. The changes in the carrying value of property, plant and equipment for the year ended March 31, 2024 are as follows: Particulars Land- Freehold Buildings(1)(2) Plant and machinery(2) Computer equipment(2) Leasehold Improvements Vehicles Total", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 248, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "eda3d07454e480ff"}, {"chunk_id": "3ae3f2c30e1aec76", "content": "Gross carrying value as at April 1, 2023 1,429 10,445 3,144 1,314 7,235 2,129 968 45      26,709 Additions 1                  289                 119                    90                 765                      100                         70               1        1,435 Additions through business transfer -                       -                      -                        2                   12                          8                         12 -               34 Deletions* -                     (55)                 (49)                  (36)               (633)                      (77)                       (87)             (1)         (938) Gross carrying value as at March 31, 2024 1,430             10,679              3,214               1,370              7,379                  2,160                      963             45      27,240 Accumulated depreciation as at April 1, 2023 -                (4,223)            (2,558)             (1,060)            (4,977)                 (1,549)                     (646)           (40)    (15,053) Depreciation -                   (407)               (223)                (114)            (1,144)                    (230)                     (171)             (3)      (2,292) Accumulated depreciation on deletions*", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 250, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cbfcb9fc014bc021"}, {"chunk_id": "715ea05f6c56ee00", "content": "-                   (407)               (223)                (114)            (1,144)                    (230)                     (171)             (3)      (2,292) Accumulated depreciation on deletions* -                      55                   49                    35                 624                        70                         84               1           918 Accumulated depreciation as at March 31, 2024 -                (4,575)            (2,732)             (1,139)            (5,497)                 (1,709)                     (733)           (42)    (16,427) Carrying value as at April 1, 2023 1,429               6,222                 586                  254              2,258                      580                      322               5      11,656 Carrying value as at March 31, 2024 1,430               6,104                 482                  231              1,882                      451                      230               3      10,813 * During the three months and year ended March 31, 2024, certain assets which were not in use having gross book value of ₹156 crore (net book value: Nil) and ₹646 crore (net book value: Nil), respectively were retired. (1) Buildings include ₹250/- being the value of five shares of ₹50/- each in Mittal Towers Premises Co-operative Society Limited. (2) Includes certain assets provided on cancellable operating lease to subsidiaries.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 250, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cbfcb9fc014bc021"}, {"chunk_id": "918b4cd737b0f26f", "content": "(2) Includes certain assets provided on cancellable operating lease to subsidiaries. The aggregate depreciation has been included under depreciation and amortization expense in the statement of Profit and Loss. Repairs and maintenance costs are recognized in the statement of Profit and Loss when incurred. 2.2 GOODWILL AND INTANGIBLE ASSETS Following is a summary of changes in the carrying amount of goodwill: (In ₹ crore) Particulars Carrying value at the beginning 211                              211 March 31, 2025 March 31, 2024 Carrying value at the end 211                              211 2.2.2 Other Intangible Assets Intangible assets are stated at cost less accumulated amortization and impairment. Intangible assets are amortized over their respective individual estimated useful lives on a straight-line basis, from the date that they are available for use. The estimated useful life of an identifiable intangible asset is based on a number of factors including the effects of obsolescence, demand, competition, and other economic factors (such as the stability of the industry, and known technological advances), and the level of maintenance expenditures required to obtain the expected future cash flows from the asset. Amortization methods and useful lives are reviewed periodically including at each financial year end. Research costs are expensed as incurred.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 250, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cbfcb9fc014bc021"}, {"chunk_id": "d2d5b211cbb11c08", "content": "asset. Amortization methods and useful lives are reviewed periodically including at each financial year end. Research costs are expensed as incurred. Software product development costs are expensed as incurred unless technical and commercial feasibility of the project is demonstrated, future economic benefits are probable, the Company has an intention and ability to complete and use or sell the software and the costs can be measured reliably. The costs which can be capitalized include the cost of material, direct labor, overhead costs that are directly attributable to prepare the asset for its intended use. The Company as a lessee The Company’s lease asset classes primarily consist of leases for land, buildings and computers. The Company assesses whether a contract contains a lease, at inception of a contract. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, the Company assesses whether: (i) the contract involves the use of an identified asset (ii) the Company has substantially all of the economic benefits from use of the asset through the period of the lease and (iii) the Company has the right to direct the use of the asset.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 250, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cbfcb9fc014bc021"}, {"chunk_id": "9ea0d71f0d66ff07", "content": "has substantially all of the economic benefits from use of the asset through the period of the lease and (iii) the Company has the right to direct the use of the asset. At the date of commencement of the lease, the Company recognizes a right-of-use asset (“ROU”) and a corresponding lease liability for all lease arrangements in which it is a lessee, except for leases with a term of twelve months or less (short-term leases) and low value leases. For these short-term and low value leases, the Company recognizes the lease payments as an operating expense on a straight-line basis over the term of the lease. As a lessee, the Company determines the lease term as the non-cancellable period of a lease adjusted with any option to extend or terminate the lease, if the use of such option is reasonably certain. The Company makes an assessment on the expected lease term on a lease-by-lease basis and thereby assesses whether it is reasonably certain that any options to extend or terminate the contract will be exercised. In evaluating the lease term, the Company considers factors such as any significant leasehold improvements undertaken over the lease term, costs relating to the termination of the lease and the importance of the underlying asset to Infosys’s operations taking into account the location of the underlying asset and the availability of suitable alternatives.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 250, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cbfcb9fc014bc021"}, {"chunk_id": "0b7c1778d9ad92f1", "content": "the availability of suitable alternatives. The lease term in future periods is reassessed to ensure that the lease term reflects the current economic circumstances. Certain lease arrangements include the options to extend or terminate the lease before the end of the lease term. ROU assets and lease liabilities includes these options when it is reasonably certain that they will be exercised. The right-of-use assets are initially recognized at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or prior to the commencement date of the lease plus any initial direct costs less any lease incentives. They are subsequently measured at cost less accumulated depreciation and impairment losses.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 250, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cbfcb9fc014bc021"}, {"chunk_id": "3ed87c2129f28c9f", "content": "Right-of-use assets are depreciated from the commencement date on a straight-line basis over the shorter of the lease term and useful life of the underlying asset. Right-of-use assets are evaluated for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value less cost to sell and the value-in-use) is determined on an individual asset basis unless the asset does not generate cash flows that are largely independent of those from other assets. In such cases, the recoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs. The lease liability is initially measured at amortized cost at the present value of the future lease payments. The lease payments are discounted using the interest rate implicit in the lease or, if not readily determinable, using the incremental borrowing rates in the country of domicile of these leases. Lease liabilities are remeasured with a corresponding adjustment to the related right of use asset if the Company changes its assessment if whether it will exercise an extension or a termination option. Lease liability and ROU asset have been separately presented in the Balance Sheet and lease payments have been classified as financing cash flows. The Company as a lessor", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 252, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ace0726695fc1738"}, {"chunk_id": "61a93c8b1db6dc53", "content": "Lease liability and ROU asset have been separately presented in the Balance Sheet and lease payments have been classified as financing cash flows. The Company as a lessor Leases for which the Company is a lessor is classified as a finance or operating lease. Whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee, the contract is classified as a finance lease. All other leases are classified as operating leases. When the Company is an intermediate lessor, it accounts for its interests in the head lease and the sublease separately. The sublease is classified as a finance or operating lease by reference to the right-of-use asset arising from the head lease. Following are the changes in the carrying value of right-of-use assets for the three months ended March 31, 2025: For operating leases, rental income is recognized on a straight line basis over the term of the relevant lease. Particulars Total Land Buildings Computers Category of ROU asset Balance as at January 1, 2025 531                                   2,092                               502                           3,125 Additions* -                                        212                                 48                              260 Deletions -                                     (107)                                (68)                             (175) Depreciation / Amortization", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 252, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ace0726695fc1738"}, {"chunk_id": "d5d784f7190a33c7", "content": "Deletions -                                     (107)                                (68)                             (175) Depreciation / Amortization (1)                                      (92)                                (39)                             (132) Balance as at March 31, 2025 530                                   2,105                               443                           3,078 * Net of adjustments on account of modifications (In ₹ crore) Particulars Total Land Buildings Computers Balance as at January 1, 2024 535                                   2,435                               517                           3,487 Additions* -                                          45                                 49                                94 Deletions -                                       (91)                                (16)                             (107) Depreciation / Amortization (1)                                    (123)                                (47)                             (171) Balance as at March 31, 2024 534                                   2,266                               503                           3,303 Following are the changes in the carrying value of right-of-use assets for the three months ended March 31, 2024: Category of ROU asset * Net of adjustments on account of modifications and lease incentives (In ₹ crore) Particulars Total", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 252, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ace0726695fc1738"}, {"chunk_id": "ac7eb8930905acaf", "content": "Category of ROU asset * Net of adjustments on account of modifications and lease incentives (In ₹ crore) Particulars Total Following are the changes in the carrying value of right of use assets for the year ended March 31, 2025: Land Buildings Computers Balance as at April 1, 2024 534                                   2,266                               503                           3,303 Category of ROU asset Additions* -                                        430                               353                              783 Deletions -                                     (181)                              (207)                             (388) Depreciation / Amortization (4)                                    (410)                              (206)                             (620) Balance as at March 31, 2025 530                                   2,105                               443                           3,078 * Net of adjustments on account of modifications (In ₹ crore) Particulars Total Land Buildings Computers Balance as at April 1, 2023 548                                   2,669                               344                           3,561 Additions* -                                        336                               420                              756 Deletions (10)                                    (169)                                (92)                             (271) Impairment", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 252, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ace0726695fc1738"}, {"chunk_id": "a0a4f906c1377345", "content": "Deletions (10)                                    (169)                                (92)                             (271) Impairment -                                       (88) -                                 (88) Depreciation / Amortization (4)                                    (482)                              (169)                             (655) Balance as at March 31, 2024 534                                   2,266                               503                           3,303 Following are the changes in the carrying value of right of use assets for the year ended March 31, 2024: Category of ROU asset * Net of adjustments on account of modifications and lease incentives The aggregate depreciation expense on ROU assets is included under depreciation and amortization expense in the interim condensed statement of Profit and Loss. The following is the break-up of current and non-current lease liabilities as at March 31, 2025 and March 31, 2024: March 31, 2025 March 31, 2024 Current lease liabilities 765                              678 Non-current lease liabilities 2,694                           3,088 Total 3,459                           3,766 (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Non-current investments", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 252, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ace0726695fc1738"}, {"chunk_id": "3891e77d6b782d89", "content": "Equity instruments of subsidiaries 13,724                        9,150 Redeemable Preference shares of subsidiary 2,831                        2,831 Preference securities and equity securities 251                           206 Target maturity fund units 465                           431 Others 61                             84 Tax free bonds 1,465                        1,731 Government bonds 14                             14 Non-convertible debentures 3,320                        2,216 Government Securities 5,240                        6,689 Total non-current investments 27,371                      23,352 Current investments Liquid mutual fund units 1,185                        1,913 Commercial Papers 3,442                        4,507 Certificates of deposit 3,257                        2,945 Tax free bonds 154 - Government Securities 1,560                           204 Non-convertible debentures 1,549                        1,738 Total current investments 11,147                      11,307 Total carrying value 38,518                      34,659 (In ₹ crore, except as otherwise stated) Particulars March 31, 2025 March 31, 2024 Non-current investments Unquoted Investment carried at cost Investments in equity instruments of subsidiaries Infosys BPM Limited 662                           662 33,828 (33,828) equity shares of ₹10,000/- each, fully paid up Infosys Technologies (China) Co. Limited 369                           369 Infosys Technologies, S. de R.L. de C.V., Mexico 65                             65", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 253, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0e5882126494848d"}, {"chunk_id": "98bbd62273117bfd", "content": "Infosys Technologies (China) Co. Limited 369                           369 Infosys Technologies, S. de R.L. de C.V., Mexico 65                             65 17,49,99,990 (17,49,99,990) equity shares of MXN 1 par value, fully paid up Infosys Technologies (Sweden) AB 76                             76 1,000 (1,000) equity shares of SEK 100 par value, fully paid Infosys Technologies (Shanghai) Company Limited 1,010                        1,010 Infosys Public Services, Inc. 99                             99 3,50,00,000 (3,50,00,000) shares of USD 0.50 par value, fully paid Infosys Consulting Holding AG 1,323                        1,323 23,350 (23,350) - Class A shares of CHF 1,000 each and 26,460 (26,460) - Class B Shares of CHF 100 each, fully paid up EdgeVerve Systems Limited 1,312                        1,312 1,31,18,40,000 (1,31,18,40,000) equity shares of ₹10/- each, fully paid up Infosys Nova Holdings LLC# 3,017                        2,637 Infosys Singapore Pte Ltd 4,327                             10 2,73,19,411 (1,09,90,000) shares Brilliant Basics Holding Limited 59                             59 1,346 (1,346) shares of GBP 0.005 each, fully paid up Infosys Arabia Limited 2                               2 70 (70) shares Panaya Inc. 582                           582 2 (2) shares of USD 0.01 per share, fully paid up Infosys Chile SpA 7                               7 100 (100) shares WongDoody, Inc. -                             380 Nil (100) shares", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 253, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0e5882126494848d"}, {"chunk_id": "197489c6bacc4563", "content": "2 (2) shares of USD 0.01 per share, fully paid up Infosys Chile SpA 7                               7 100 (100) shares WongDoody, Inc. -                             380 Nil (100) shares Infosys Luxembourg S.a r.l. 26                             26 30,000 (30,000) shares Infosys Austria GmbH -                                - 80,000 (80,000) shares of EUR 1 par value, fully paid up Infosys Consulting Brazil 337                           337 27,50,71,070 (27,50,71,070) shares of BRL 1 per share, fully paid up Infosys Consulting S.R.L. (Romania) 34                             34 99,183 (99,183) shares of RON 100 per share, fully paid up Infosys Limited Bulgaria EOOD 2                               2 4,58,000 (4,58,000) shares of BGN 1 per share, fully paid up Infosys Germany Holdings GmbH 2                               2 25,000 (25,000) shares EUR 1 per share, fully paid up Infosys Green Forum 1                               1 10,00,000 (10,00,000) shares ₹10 per share, fully paid up Infosys Automotive and Mobility GmbH 15                             15 Infosys Turkey Bilgi Teknolojileri Limited Sirketi 79                             48 27,70,326 (15,08,060) share Turkish Liras 100 (10,000) per share, fully paid up Infosys Consulting S.R.L. (Argentina) 2                               2 2,94,500 (2,94,500) shares AR$ 100 per share, fully paid up Infosys Business Solutions LLC 8                               8 10,000 (10,000) shares USD 100 per share, fully paid up", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 253, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0e5882126494848d"}, {"chunk_id": "0edd169bd907a1cf", "content": "2                               2 2,94,500 (2,94,500) shares AR$ 100 per share, fully paid up Infosys Business Solutions LLC 8                               8 10,000 (10,000) shares USD 100 per share, fully paid up Idunn Information Technology Private Limited 82                             82 3,27,788 (3,27,788) shares ₹ 10 per share fully paid up InSemi Technology Services Private Limited(2) 198 - 10,33,440 (Nil) shares ₹ 10 per share fully paid up in-tech Group India Private Limited 15 - 10,000 (Nil) shares ₹ 10 per share fully paid up Infosys Services (Thailand) Limited 13 - 49,99,998 (Nil) shares THB 10 per share fully paid up Investments in Redeemable Preference shares of subsidiary Infosys Singapore Pte Ltd 2,831                        2,831 51,02,00,000 (51,02,00,000 ) shares 16,555                      11,981 (In ₹ crore, except as otherwise stated) Particulars March 31, 2025 March 31, 2024 As at Investments carried at fair value through profit or loss Target maturity fund units 465                           431 Equity and Preference securities 25 - Others (1) 61                             84 551                           515 Investments carried at fair value through other comprehensive income Preference securities 167                             91 Equity securities 2                               2 169                             93 Quoted Investments carried at amortized cost", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 253, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0e5882126494848d"}, {"chunk_id": "7b0b368679ccb031", "content": "Tax free bonds 1,465                        1,731 Government bonds 14                             14 1,479                        1,745 Investments carried at fair value through other comprehensive income Non-convertible debentures 3,320                        2,216 Equity Securities 57                           113 Government Securities 5,240                        6,689 8,617                        9,018 Total non-current investments 27,371                      23,352 Unquoted Investments carried at fair value through profit or loss Liquid mutual fund units 1,185                        1,913 1,185                        1,913 Investments carried at fair value through other comprehensive income Commercial Papers 3,442                        4,507 Certificates of deposit 3,257                        2,945 6,699                        7,452 Quoted Investments carried at amortized cost Tax free bonds 154 - 154 - Investments carried at fair value through other comprehensive income Government Securities 1,560                           204 Non-convertible debentures 1,549                        1,738 3,109                        1,942 Total current investments 11,147                      11,307 Total investments 38,518                      34,659 13,359                      12,705 3,266                        1,942 10,269                      10,978 Aggregate amount of unquoted investments 25,159                      21,954 Aggregate amount of quoted investments", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 254, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "068c5c0d0bd1ce76"}, {"chunk_id": "1cfe8160d94b0726", "content": "3,266                        1,942 10,269                      10,978 Aggregate amount of unquoted investments 25,159                      21,954 Aggregate amount of quoted investments Market value of quoted investments (including interest accrued), current Market value of quoted investments (including interest accrued), non-current # Aggregate amount of impairment in value of investments 94                             94 Reduction in the fair value of assets held for sale 854                           854 Investments carried at cost 16,555                      11,981 Investments carried at amortized cost 1,633                        1,745 Investments carried at fair value through other comprehensive income 18,594                      18,505 Investments carried at fair value through profit or loss 1,736                        2,428 (1)  Uncalled capital commitments outstanding as of March 31, 2025 and March 31, 2024 was ₹27 crore and ₹5 crore, respectively. (2) On May 10, 2024, Infosys Ltd acquired 100% voting interests in InSemi Technology Services Private Limited, a semiconductor design services company headquartered in India. This acquisition is expected to strengthen our expertise in semiconductor ecosystem and Engineering R&D services. The business acquisition was conducted by entering into a share purchase agreement for a total", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 254, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "068c5c0d0bd1ce76"}, {"chunk_id": "1fb741f94f937625", "content": "This acquisition is expected to strengthen our expertise in semiconductor ecosystem and Engineering R&D services. The business acquisition was conducted by entering into a share purchase agreement for a total consideration of ₹198 crore as on acquisition date, which includes a cash consideration of ₹168 crore and contingent consideration with an estimated fair value of ₹30 crore as on the date of acquisition. At the acquisition date, the key inputs used in determination of the fair value of contingent consideration are the probabilities assigned towards achievement of financial targets and discount rate of 5.9%. The undiscounted value of contingent consideration as of March 31, 2025 was ₹33 crore. Refer to note 2.10 for accounting policies on financial instruments. Method of fair valuation: (In ₹ crore) Class of investment Method March 31, 2025 March 31, 2024 1,185                        1,913 Quoted price 465                           431 1,796                        1,959 Liquid mutual fund units - carried at fair value through profit or loss Quoted price Target maturity fund units - carried at fair value through profit or loss Tax free bonds and government bonds - carried at amortized cost Non-convertible debentures - carried at fair value through other comprehensive income Government securities - carried at fair value through other comprehensive income Commercial Papers - carried at fair value through other comprehensive income", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 254, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "068c5c0d0bd1ce76"}, {"chunk_id": "ed6287e346032762", "content": "comprehensive income Government securities - carried at fair value through other comprehensive income Commercial Papers - carried at fair value through other comprehensive income Quoted price and market observable inputs Quoted price and market observable inputs 4,869                        3,954 Quoted price and market observable inputs 6,800                        6,893 Certificates of deposit - carried at fair value through other comprehensive income Market observable inputs 3,442                        4,507 Market observable inputs 3,257                        2,945 Quoted equity securities - carried at fair value through other comprehensive income Quoted price 57                           113 Unquoted equity and preference securities - carried at fair value through profit or loss Discounted cash flows method, Market multiples method, Option pricing model 25 - 61                             84 Total 22,126                      22,892 Note : Certain quoted investments are classified as Level 2 in the absence of active market for such investments. Others - carried at fair value through profit or loss Unquoted equity and preference securities - carried at fair value through other comprehensive income Discounted cash flows method, Market multiples method, Option pricing model Discounted cash flows method, Market multiples method, Option pricing model 169                             93 (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Non- Current", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 254, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "068c5c0d0bd1ce76"}, {"chunk_id": "0b0a09d8bfc78303", "content": "Discounted cash flows method, Market multiples method, Option pricing model 169                             93 (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Non- Current Loan to subsidiary (1) 10                                          - Loans considered good - Unsecured Loans to employees 16                                         34 26                                         34 Loans credit impaired - Unsecured Other Loans Loans to employees -                                            - Less: Allowance for credit impairment -                                            - -                                            - Total non - current loans 26                                         34 Current Loans considered good - Unsecured", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 254, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "068c5c0d0bd1ce76"}, {"chunk_id": "86ef015f59eff683", "content": "Loans to employees 207                                       208 Total current loans 207                                       208 Total Loans 233                                       242 (1)  Includes dues from subsidiaries 10 - 2.6 OTHER FINANCIAL ASSETS (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Non-current Security deposits (1) 205                                       205 Unbilled revenues (1)(5)# 1,904                                    1,366 Net investment in lease(1) 241                                       185 Total non-current other financial assets 2,350                                    1,756 Current Security deposits (1) 21                                         25 Restricted deposits (1)* 2,716                                    2,282 Unbilled revenues (1)(5)# 5,681                                    4,993 Interest accrued but not due (1) 739                                       476 Foreign currency forward and options contracts (2)(3) 171                                         81 Net investment in lease(1) 228                                       134 Others (1) 3,013                                    2,138 Total current other financial assets 12,569                                  10,129 Total other financial assets 14,919                                  11,885 (1) Financial assets carried at amortized cost 14,748                                  11,804 (2) Financial assets carried at fair value through other comprehensive income", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 255, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4f4e1b352cd6c6bb"}, {"chunk_id": "fa34ad8834edf902", "content": "(1) Financial assets carried at amortized cost 14,748                                  11,804 (2) Financial assets carried at fair value through other comprehensive income 28                                         23 (3) Financial assets carried at fair value through Profit or Loss 143                                         58 (4)  Includes dues from subsidiaries 2,909                                    2,052 (5)  Includes dues from subsidiaries 198                                       153 * Restricted deposits represent deposit with financial institutions to settle employee related obligations as and when they arise during the normal course of business. # Classified as financial asset as right to consideration is unconditional and is due only after a passage of time. 2.7 TRADE RECEIVABLES (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Current Trade Receivable considered good - Unsecured (1) 26,807                                  25,575 Less: Allowance for expected credit loss 394                                       423 Trade Receivable considered good - Unsecured 26,413                                  25,152 Trade Receivable - credit impaired - Unsecured 169                                       157 Less: Allowance for credit impairment 169                                       157 Trade Receivable - credit impaired - Unsecured -                                            - Total trade receivables (2)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 255, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4f4e1b352cd6c6bb"}, {"chunk_id": "0bf12ce70746f777", "content": "Less: Allowance for credit impairment 169                                       157 Trade Receivable - credit impaired - Unsecured -                                            - Total trade receivables (2) 26,413                                  25,152 (1)  Includes dues from subsidiaries 250                                       259 (2)  Includes dues from companies where directors are interested -                                            - 2.8 CASH AND CASH EQUIVALENTS (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Balances with banks In current and deposit accounts 14,265                                    8,191 Cash on hand - - Total Cash and cash equivalents 14,265                                    8,191 Balances with banks in unpaid dividend accounts 45                                         37 Deposit with more than 12 months maturity -                                            - Cash and cash equivalents as at March 31, 2025 and March 31, 2024 include restricted cash and bank balances of ₹45 crore and ₹44 crore, respectively. The deposits maintained by the Company with banks comprise of time deposits, which can be withdrawn by the Company at any point without prior notice or penalty on the principal. (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Non-current Capital advances 206                                       151 Advances other than capital advances Others Prepaid expenses 154                                         68", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 255, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4f4e1b352cd6c6bb"}, {"chunk_id": "53b2fe8c1c683483", "content": "Particulars March 31, 2025 March 31, 2024 Non-current Capital advances 206                                       151 Advances other than capital advances Others Prepaid expenses 154                                         68 Defined benefit plan assets 257                                           9 Deferred contract cost Cost of obtaining a contract 299                                         88 Cost of fulfillment 676                                       640 Unbilled revenues(2) 119                                         58 Withholding taxes and others 512                                       655 Total non-current other assets 2,223                                    1,669 Current Advances other than capital advances Payment to vendors for supply of goods 373                                       325 Others Prepaid expenses (1) 2,003                                    1,886 Unbilled revenues(2) 4,284                                    4,397 Deferred contract cost Cost of obtaining a contract 212                                       154 Cost of fulfillment 428                                       266 Withholding taxes and others 2,309                                    2,593 Other receivables (1) 9                                         15 Total current other assets 9,618                                    9,636 Total other assets 11,841                                  11,305", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 255, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4f4e1b352cd6c6bb"}, {"chunk_id": "0bf80f2cdf6262c8", "content": "(1)  Includes dues from subsidiaries 151                                       155 (2)  Classified as non-financial asset as the contractual right to consideration is dependent on completion of contractual milestones. Withholding taxes and others primarily consist of input tax credits and VAT recoverable from tax authorities. 2.10 FINANCIAL INSTRUMENTS 2.10.1 Initial recognition The Company recognizes financial assets and financial liabilities when it becomes a party to the contractual provisions of the instrument. All financial assets and liabilities are recognized at fair value on initial recognition, except for trade receivables which are initially measured at transaction price. Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities, which are not at fair value through profit or loss, are added to the fair value on initial recognition. Regular way purchase and sale of financial assets are accounted for at trade date. 2.10.2 Subsequent measurement a. Non-derivative financial instruments (i) Financial assets carried at amortized cost A financial asset is subsequently measured at amortized cost if it is held within a business model whose objective is to hold the asset in order to collect contractual cash flows and the contractual", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 256, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "371b7f7de5514254"}, {"chunk_id": "73e4fe9ac026d968", "content": "A financial asset is subsequently measured at amortized cost if it is held within a business model whose objective is to hold the asset in order to collect contractual cash flows and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. (ii) Financial assets carried at fair value through other comprehensive income (FVOCI) A financial asset is subsequently measured at fair value through other comprehensive income if it is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. The Company has made an irrevocable election for certain investments which are classified as equity instruments to present the subsequent changes in fair value in other comprehensive income based on its business model. (iii) Financial assets carried at fair value through profit or loss (FVTPL) A financial asset which is not classified in any of the above categories are subsequently fair valued through profit or loss. (iv) Financial liabilities", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 256, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "371b7f7de5514254"}, {"chunk_id": "e5bfc717f82fdd1b", "content": "A financial asset which is not classified in any of the above categories are subsequently fair valued through profit or loss. (iv) Financial liabilities Financial liabilities are subsequently carried at amortized cost using the effective interest method, except for contingent consideration recognized in a business combination which is subsequently measured at fair value through profit or loss. (v) Investment in subsidiaries b. Derivative financial instruments Investment in subsidiaries is carried at cost in the separate financial statements. The Company holds derivative financial instruments such as foreign exchange forward and option contracts to mitigate the risk of changes in exchange rates on foreign currency exposures. The counterparty for such contracts is generally a bank. (i) Financial assets or financial liabilities, carried at fair value through profit or loss. This category includes derivative financial assets or liabilities which are not designated as hedges. Although the Company believes that these derivatives constitute hedges from an economic perspective, they may not qualify for hedge accounting under Ind AS 109, Financial Instruments. Any derivative that is either not designated as hedge, or is so designated but is ineffective as per Ind AS 109, is categorized as a financial asset or financial liability, at fair value through profit or loss.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 256, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "371b7f7de5514254"}, {"chunk_id": "56619ab180727f32", "content": "Derivatives not designated as hedges are recognized initially at fair value and attributable transaction costs are recognized in net profit in the Statement of Profit and Loss when incurred. Subsequent to initial recognition, these derivatives are measured at fair value through profit or loss and the resulting exchange gains or losses are included in other income. Assets/ liabilities in this category are presented as current assets/current liabilities if they are either held for trading or are expected to be realized within 12 months after the Balance Sheet date. Primarily, the Company designates certain foreign exchange forward and options contracts as cash flow hedges to mitigate the risk of foreign exchange exposure on highly probable forecast cash transactions. When a derivative is designated as a cash flow hedging instrument, the effective portion of changes in the fair value of the derivative is recognized in other comprehensive income and accumulated in the cash flow hedging reserve. Any ineffective portion of changes in the fair value of the derivative is recognized immediately in the net profit in the condensed standalone Statement of Profit and Loss. If the hedging instrument no longer meets the criteria for hedge accounting, then hedge accounting is discontinued prospectively. If the hedging instrument expires", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 256, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "371b7f7de5514254"}, {"chunk_id": "73a3f786c70d4e97", "content": "Statement of Profit and Loss. If the hedging instrument no longer meets the criteria for hedge accounting, then hedge accounting is discontinued prospectively. If the hedging instrument expires or is sold, terminated or exercised, the cumulative gain or loss on the hedging instrument recognized in cash flow hedging reserve till the period the hedge was effective remains in cash flow hedging reserve until the forecasted transaction occurs. The cumulative gain or loss previously recognized in the cash flow hedging reserve is transferred to the net profit in the condensed standalone Statement of Profit and Loss upon the occurrence of the related forecasted transaction. If the forecasted transaction is no longer expected to occur, then the amount accumulated in cash flow hedging reserve is reclassified to net profit in the condensed Statement of Profit and Loss. The Company derecognizes a financial asset when the contractual rights to the cash flows from the financial asset expire or it transfers the financial asset and the transfer qualifies for derecognition under Ind AS 109. A financial liability (or a part of a financial liability) is derecognized from the Company's Balance Sheet when the obligation specified in the contract is discharged or cancelled or expires. 2.10.3 Derecognition of financial instruments 2.10.4 Fair value of financial instruments", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 256, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "371b7f7de5514254"}, {"chunk_id": "e193122a8843f950", "content": "discharged or cancelled or expires. 2.10.3 Derecognition of financial instruments 2.10.4 Fair value of financial instruments In determining the fair value of its financial instruments, the Company uses a variety of methods and assumptions that are based on market conditions and risks existing at each reporting date. The methods used to determine fair value include discounted cash flow analysis, option pricing model, market multiples, available quoted market prices and dealer quotes. All methods of assessing fair value result in general approximation of value, and such value may never actually be realized. Refer to table 'Financial instruments by category' below for the disclosure on carrying value and fair value of financial assets and liabilities. For financial assets and liabilities maturing within one year from the Balance Sheet date and which are not carried at fair value, the carrying amounts approximate fair value due to the short maturity of these instruments.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 256, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "371b7f7de5514254"}, {"chunk_id": "2bf11d528dd6a75a", "content": "The Company recognizes loss allowances using the expected credit loss (ECL) model for the financial assets and unbilled revenues which are not fair valued through profit or loss. Loss allowance for trade receivables and unbilled revenues with no significant financing component is measured at an amount equal to lifetime ECL. For all other financial assets, expected credit losses are measured at an amount equal to the 12-month ECL, unless there has been a significant increase in credit risk from initial recognition in which case those are measured at lifetime ECL. The Company determines the allowance for credit losses based on historical loss experience adjusted to reflect current and estimated future economic conditions. The Company considers current and anticipated future economic conditions relating to industries the Company deals with and the countries where it operates. The amount of ECLs (or reversal) that is required to adjust the loss allowance at the reporting date to the amount that is required to be recorded is recognized as an impairment loss or gain in condensed Statement of Profit and Loss. Financial instruments by category The carrying value and fair value of financial instruments by categories as at March 31, 2025 are as follows: (In ₹ crore) Particulars Financial assets/ liabilities at Financial assets/liabilities at fair value Total  fair value Total  carrying fair value through profit or Designated", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 257, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e44abd059d37d490"}, {"chunk_id": "b453ccbc6304183a", "content": "(In ₹ crore) Particulars Financial assets/ liabilities at Financial assets/liabilities at fair value Total  fair value Total  carrying fair value through profit or Designated upon initial recognition Mandatory Equity instruments designated upon initial recognition Assets: Cash and cash equivalents (Refer to note 2.8) 14,265 -                       -                                   -                            -                  14,265                  14,265 Investments (Refer to note 2.4) Preference securities, Equity securities and others -                          25                    61                              226 -                       312                       312 Tax free bonds and government bonds 1,633 -                       -                                   -                            -                    1,633                    1,796  (1) Liquid mutual fund units -                           -                1,185 -                            -                    1,185                    1,185 Target maturity fund units -                           -                    465 -                            -                       465                       465 Commercial Papers -                           -                       -                                   -                      3,442                  3,442                    3,442 Certificates of deposit", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 257, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e44abd059d37d490"}, {"chunk_id": "a2dd505ecf8b4b96", "content": "Commercial Papers -                           -                       -                                   -                      3,442                  3,442                    3,442 Certificates of deposit -                           -                       -                                   -                      3,257                  3,257                    3,257 Non convertible debentures -                           -                       -                                   -                      4,869                  4,869                    4,869 Government Securities -                           -                       -                                   -                      6,800                  6,800                    6,800 Trade receivables (Refer to note 2.7) 26,413 -                       -                                   -                            -                  26,413                  26,413 Loans (Refer to note 2.5) 233 -                       -                                   -                            -                       233                       233 Other financial assets (Refer to note 2.6) (3) 14,748 -                    143 -                           28                14,919                  14,839  (2) Total 57,292                        25               1,854                              226                  18,396                77,793                  77,876 Liabilities:", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 257, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e44abd059d37d490"}, {"chunk_id": "07ec0a3196f87ece", "content": "Total 57,292                        25               1,854                              226                  18,396                77,793                  77,876 Liabilities: Trade payables (Refer to note 2.13) 2,728 -                       -                                   -                            -                    2,728                    2,728 Lease liabilities (Refer to note 2.3) 3,459 -                       -                                   -                            -                    3,459                    3,459 Other financial liabilities (Refer to note 2.12) 13,593 -                      54 -                           33                13,680                  13,680 Total 19,780 -                      54 -                           33                19,867                  19,867 (1)  On account of fair value changes including interest accrued (2) Excludes interest accrued on tax free bonds and government bonds carried at amortized cost of ₹80 crore (3)  Excludes unbilled revenue on contracts where the right to consideration is dependent on completion of contractual milestones The carrying value and fair value of financial instruments by categories as at March 31, 2024 were as follows: (In ₹ crore) Particulars Financial assets/ liabilities at fair value through profit or Financial assets/liabilities at fair value Designated upon initial recognition Mandatory Equity instruments designated upon initial recognition Assets:", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 257, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e44abd059d37d490"}, {"chunk_id": "811dea3b96297f72", "content": "Particulars Financial assets/ liabilities at fair value through profit or Financial assets/liabilities at fair value Designated upon initial recognition Mandatory Equity instruments designated upon initial recognition Assets: Cash and cash equivalents (Refer to note 2.8) 8,191 -                       -                                   -                            -                    8,191                    8,191 Investments (Refer to note 2.4) Preference securities, Equity securities and others -                           -                      84                              206 -                       290                       290 Tax free bonds and government bonds 1,745 -                       -                                   -                            -                    1,745                    1,959  (1)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 257, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e44abd059d37d490"}, {"chunk_id": "aadce547cfa3bf90", "content": "Target maturity fund units -                           -                    431 -                            -                       431                       431 Liquid mutual fund units -                           -                1,913 -                            -                    1,913                    1,913 Commercial Papers -                           -                       -                                   -                      4,507                  4,507                    4,507 Certificates of deposit -                           -                       -                                   -                      2,945                  2,945                    2,945 Non convertible debentures -                           -                       -                                   -                      3,954                  3,954                    3,954 Government Securities -                           -                       -                                   -                      6,893                  6,893                    6,893 Trade receivables (Refer to note 2.7) 25,152 -                       -                                   -                            -                  25,152                  25,152 Loans (Refer to note 2.5) 242 -                       -                                   -                            -                       242                       242", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 258, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "86d73b0414d27e42"}, {"chunk_id": "19a91a0fada0265b", "content": "Loans (Refer to note 2.5) 242 -                       -                                   -                            -                       242                       242 Other financial assets (Refer to note 2.6)(3) 11,804 -                      58 -                           23                11,885                  11,801  (2) Total 47,134 -                2,486                              206                  18,322                68,148                  68,278 Liabilities: Trade payables (Refer to note 2.13) 2,493 -                       -                                   -                            -                    2,493                    2,493 Lease Liabilities (Refer to note 2.3) 3,766 -                       -                                   -                            -                    3,766                    3,766 Other financial liabilities (Refer to note 2.12) 11,569 -                      20 -                             1                11,590                  11,590 Total 17,828 -                      20 -                             1                17,849                  17,849 (1)  On account of fair value changes including interest accrued (2)  Excludes interest accrued on tax free bonds and government bonds carried at amortized cost of ₹84 crore (3)  Excludes unbilled revenue on contracts where the right to consideration is dependent on completion of contractual milestones", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 258, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "86d73b0414d27e42"}, {"chunk_id": "e3128832ac0565b2", "content": "(3)  Excludes unbilled revenue on contracts where the right to consideration is dependent on completion of contractual milestones For trade receivables, trade payables, other assets and payables maturing within one year from the Balance Sheet date, the carrying amounts approximate the fair value due to the short maturity of these instruments. Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices). Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs). The fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as at March 31, 2025 was as follows: (In ₹ crore) Particulars Fair value measurement at end of the Level 1 Level 2 Level 3 Assets Investments (Refer to note 2.4) reporting period using Investments in tax free bonds 1,781                    1,227                     554 - Investments in government bonds 15                         15 -                            - Investments in liquid mutual fund units 1,185                    1,185 -                            - Investments in target maturity fund units 465                       465 -                            - Investments in certificates of deposit 3,257 -                    3,257 -", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 258, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "86d73b0414d27e42"}, {"chunk_id": "2fec181a120a6540", "content": "-                            - Investments in target maturity fund units 465                       465 -                            - Investments in certificates of deposit 3,257 -                    3,257 - Investments in commercial papers 3,442 -                    3,442 - Investments in non convertible debentures 4,869                    4,869 -                            - Investments in government securities 6,800                    6,763                       37 - Investments in equity securities 59                         57 -                             2 Investments in preference securities 192 -                          -                         192 Other investments 61 -                          -                           61 Others Derivative financial instruments - gain (Refer to Note 2.6) 171 -                       171 - Derivative financial instruments -  loss (Refer to Note 2.12) 56 -                         56 - Liability towards contingent consideration (Refer to note 2.12)(1) (1)Discount rate - 6% 31 -                          -                           31 During the year ended March 31, 2025, State government securities and non-convertible debentures of ₹36 crore and ₹261 crore were transferred from Level 2 to Level 1 of fair value hierarchy since these were valued based on quoted price. Further Tax free bond of ₹554 crore were transferred from Level 1 to Level 2 of fair value hierarchy, since these were valued based", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 258, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "86d73b0414d27e42"}, {"chunk_id": "2e5d063e29305787", "content": "hierarchy since these were valued based on quoted price. Further Tax free bond of ₹554 crore were transferred from Level 1 to Level 2 of fair value hierarchy, since these were valued based on market observable inputs The fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as at March 31, 2024 was as follows: period using As at March 31, Fair value measurement at end of the reporting Level 1 Level 2 Level 3 Assets Investments (Refer to note 2.4) Investments in tax free bonds 1,944                    1,944 -                            - Investments in target maturity fund units 431                       431 -                            -", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 258, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "86d73b0414d27e42"}, {"chunk_id": "7df9fa28beb9d56e", "content": "Investments in government bonds 15                         15 -                            - Investments in liquid mutual fund units 1,913                    1,913 -                            - Investments in certificates of deposit 2,945 -                    2,945 - Investments in commercial papers 4,507 -                    4,507 - Investments in non convertible debentures 3,954                    3,697                     257 - Investments in government securities 6,893                    6,820                       73 - Investments in equity securities 115                       113 -                             2 Investments in preference securities 91 -                          -                           91 84 -                          -                           84 Derivative financial instruments - gain 81 -                         81 - Derivative financial instruments - loss 21 -                         21 - During the year ended March 31, 2024, tax free bonds and non-convertible debentures of ₹1,986 crore were transferred from Level 2 to Level 1 of fair value hierarchy since these were valued based on quoted price. Further government securities of ₹73 crore were transferred from Level 1 to Level 2 of fair value hierarchy, since these were valued based on market observable inputs.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 259, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5c90be5988f8f222"}, {"chunk_id": "0f9224768ab6dc26", "content": "valued based on quoted price. Further government securities of ₹73 crore were transferred from Level 1 to Level 2 of fair value hierarchy, since these were valued based on market observable inputs. A one percentage point change in the unobservable inputs used in fair valuation of Level 3 assets and liabilities does not have a significant impact in its value. Majority of investments of the Company are fair valued based on Level 1 or Level 2 inputs. These investments primarily include investment in liquid mutual fund units, target maturity fund units, tax free bonds, certificates of deposit, commercial papers, treasury bills, government securities, non-convertible debentures, quoted bonds issued by government and quasi-government organizations. The Company invests after considering counterparty risks based on multiple criteria including Tier I capital, Capital Adequacy Ratio, Credit Rating, Profitability, NPA levels and Deposit base of banks and financial institutions. These risks are monitored regularly as per Company's risk management program. Ordinary shares are classified as equity share capital. Incremental costs directly attributable to the issuance of new ordinary shares, share options and buyback are recognized as a deduction from equity, net of any tax effects. Description of reserves", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 259, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5c90be5988f8f222"}, {"chunk_id": "efc657a48bf121e5", "content": "Incremental costs directly attributable to the issuance of new ordinary shares, share options and buyback are recognized as a deduction from equity, net of any tax effects. Description of reserves In accordance with section 69 of the Indian Companies Act, 2013, the Company creates capital redemption reserve equal to the nominal value of the shares bought back as an appropriation from general reserve / retained earnings. Capital redemption reserve Retained earnings represent the amount of accumulated earnings of the Company. The amount received in excess of the par value of equity shares has been classified as securities premium. Amounts have been utilized for bonus issue and share buyback from share premium account. Share options outstanding account The Share options outstanding account is used to record the fair value of equity-settled share based payment transactions with employees. The amounts recorded in share options outstanding account are transferred to securities premium upon exercise of stock options and transferred to general reserve on account of stock options not exercised by employees. Special Economic Zone Re-investment reserve The Special Economic Zone Re-investment reserve has been created out of the profit of the eligible SEZ unit in terms of the provisions of Sec 10AA (1)(ii) of Income Tax Act, 1961. The reserve should be utilized by the", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 259, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5c90be5988f8f222"}, {"chunk_id": "0e05f8bf57c10868", "content": "The reserve should be utilized by the Company for acquiring new plant and machinery for the purpose of its business in terms of the provisions of the Sec 10AA (2) of the Income Tax Act, 1961. Other components of equity Other components of equity include remeasurement of net defined benefit liability / asset, equity instruments fair valued through other comprehensive income, changes on fair valuation of investments and changes in fair value of derivatives designated as cash flow hedges, net of taxes. Cash flow hedge reserve When a derivative is designated as a cash flow hedging instrument, the effective portion of changes in the fair value of the derivative is recognized in other comprehensive income and accumulated in the cash flow hedging reserve. The cumulative gain or loss previously recognized in the cash flow hedging reserve is transferred to the condensed standalone Statement of Profit and Loss upon the occurrence of the related forecasted transaction. 2.11.1 EQUITY SHARE CAPITAL (In ₹ crore, except as otherwise stated) Authorized Equity shares, ₹5/- par value March 31, 2025 March 31, 2024 480,00,00,000 (480,00,00,000) equity shares 2,400                       2,400 Issued, Subscribed and Paid-Up Equity shares, ₹5/- par value (1) 2,076                       2,075 415,32,63,455 (415,08,67,464) equity shares fully paid-up (1) Refer to note 2.20 for details of basic and diluted shares 2,076 2,075", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 259, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5c90be5988f8f222"}, {"chunk_id": "a9ca8598d08fa308", "content": "Equity shares, ₹5/- par value (1) 2,076                       2,075 415,32,63,455 (415,08,67,464) equity shares fully paid-up (1) Refer to note 2.20 for details of basic and diluted shares 2,076 2,075 Forfeited shares amounted to ₹1,500/- (₹1,500/-) The Company has only one class of shares referred to as equity shares having a par value of ₹5/-. Each holder of equity shares is entitled to one vote per share. The equity shares represented by American Depository Shares (ADS) carry similar rights to voting and dividends as the other equity shares. Each ADS represents one underlying equity share. In the event of liquidation of the Company, the holders of equity shares will be entitled to receive any of the remaining assets of the company in proportion to the number of equity shares held by the shareholders, after distribution of all preferential amounts. However, no such preferential amounts exist currently. There are no voting, dividend or liquidation rights to the holders of options issued under the company's share option plans. For details of shares reserved for issue under the employee stock option plan of the Company, refer to the note below. The reconciliation of the number of shares outstanding and the amount of share capital as at March 31, 2025 and March 31, 2024 is set out below: (in ₹ crore, except as stated otherwise) Particulars Number of shares Amount Number of shares Amount As at the beginning of the period 4,15,08,67,464", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 259, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5c90be5988f8f222"}, {"chunk_id": "105cc6362be8a153", "content": "(in ₹ crore, except as stated otherwise) Particulars Number of shares Amount Number of shares Amount As at the beginning of the period 4,15,08,67,464 2,075 4,14,85,60,044                       2,074 Add: Shares issued on exercise of employee stock options 2,395,991                              1                   2,307,420                              1 As at the end of the period 4,15,32,63,455 2,076 4,15,08,67,464 2,075 Capital allocation policy", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 259, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5c90be5988f8f222"}, {"chunk_id": "be6ca1ec8ae240bc", "content": "Effective fiscal 2025, the Company expects to continue its policy of returning approximately 85% of the free cash flow cumulatively over a 5-year period through a combination of semi-annual dividends and/or share buyback/ special dividends subject to applicable laws and requisite approvals, if any. Under this policy, the Company expects to progressively increase its annual dividend per share (excluding special dividend if any). Free cash flow is defined as net cash provided by operating activities less capital expenditure as per the consolidated statement of cash flows prepared under IFRS. Dividend and buyback include applicable taxes. The Company’s objective when managing capital is to safeguard its ability to continue as a going concern and to maintain an optimal capital structure so as to maximize shareholder value. In order to maintain or achieve an optimal capital structure, the Company may adjust the amount of dividend payment, return capital to shareholders, issue new shares or buy back issued shares. As of March 31, 2025, the Company has only one class of equity shares and has no debt. Consequent to the above capital structure there are no externally imposed capital requirements. The final dividend on shares is recorded as a liability on the date of approval by the shareholders and interim dividends are recorded as a liability on the date of declaration by the Company's Board of Directors. Income tax", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 260, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0cdcaf88b46a3800"}, {"chunk_id": "55e026d83e2401e7", "content": "Income tax consequences of dividends on financial instruments classified as equity will be recognized according to where the entity originally recognized those past transactions or events that generated distributable profits. The Company declares and pays dividends in Indian rupees. Companies are required to pay/distribute dividend after deducting applicable taxes. The remittance of dividends outside India is governed by Indian law on foreign exchange and is also subject to withholding tax at applicable rates. The amount of per share dividend recognized as distribution to equity shareholders in accordance with Companies Act 2013 is as follows: 2025 2024 2025 2024 Interim dividend for fiscal 2025 -                               -                           21.00 - Special dividend for fiscal 2024 -                               -                             8.00 - Final dividend for fiscal 2024 -                               -                           20.00 - Interim dividend for fiscal 2024 -                               -                                 -                         18.00 Final dividend for fiscal 2023 -                               -                                 -                         17.50 Three months ended March 31, Particulars", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 260, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0cdcaf88b46a3800"}, {"chunk_id": "51d92495c5e76deb", "content": "Final dividend for fiscal 2023 -                               -                                 -                         17.50 Three months ended March 31, Particulars During the year ended March 31, 2025, on account of the final and special dividend for fiscal 2024 and interim dividend for fiscal 2025, the Company has incurred a net cash outflow of ₹20,345 crore. The Board of Directors in their meeting held on April 17, 2025 recommended a final dividend of ₹22/- per equity share for the financial year ended March 31, 2025. The payment is subject to approval of shareholders in the AGM of the Company to be held on June 25, 2025 and if approved, would result in a net cash outflow of approximately ₹9,137 crore (excluding dividend paid on treasury shares). 2.11.3 Employee Stock Option Plan (ESOP): The Company recognizes compensation expense relating to share-based payments in net profit based on estimated fair-values of the awards on the grant date. The estimated fair value of awards is recognized as an expense in the statement of profit and loss on a straight-line basis over the requisite service period for each separately vesting portion of the award as if the award was in-substance, multiple awards with a corresponding increase to share options outstanding account. Infosys Expanded Stock Ownership Program 2019 (the 2019 Plan):", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 260, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0cdcaf88b46a3800"}, {"chunk_id": "4415f8afc8575c09", "content": "options outstanding account. Infosys Expanded Stock Ownership Program 2019 (the 2019 Plan): On June 22, 2019 pursuant to approval by the shareholders in the Annual General Meeting, the Board has been authorized to introduce, offer, issue and provide share-based incentives to eligible employees of the Company and its subsidiaries under the 2019 Plan. The maximum number of shares under the 2019 plan shall not exceed 5,00,00,000 equity shares. To implement the 2019 Plan, up to 4,50,00,000 equity shares may be issued by way of secondary acquisition of shares by Infosys Expanded Stock Ownership Trust. The Restricted Stock Units (RSUs) granted under the 2019 plan shall vest based on the achievement of defined annual performance parameters as determined by the administrator (Nomination and Remuneration Committee). The performance parameters will be based on a combination of relative Total Shareholder Return (TSR) against selected industry peers and certain broader market domestic and global indices and operating performance metrics of the company as decided by administrator. Each of the above performance parameters will be distinct for the purposes of calculation of quantity of shares to vest based on performance. These instruments will generally vest between a minimum of 1 to maximum of 3 years from the grant date. 2015 Stock Incentive Compensation Plan (the 2015 Plan):", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 260, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0cdcaf88b46a3800"}, {"chunk_id": "79732f115b8848d8", "content": "of shares to vest based on performance. These instruments will generally vest between a minimum of 1 to maximum of 3 years from the grant date. 2015 Stock Incentive Compensation Plan (the 2015 Plan): On March 31, 2016, pursuant to the approval by the shareholders through postal ballot, the Board was authorized to introduce, offer, issue and allot share-based incentives to eligible employees of the Company and its subsidiaries under the 2015 Plan. The maximum number of shares under the 2015 plan shall not exceed 2,40,38,883 equity shares (this includes 1,12,23,576 equity shares which are held by the trust towards the 2011 Plan as at March 31, 2016). These instruments will generally vest over a period of 4 years. The plan numbers mentioned above are further adjusted with the September 2018 bonus issue. The equity settled and cash settled RSUs and stock options would vest generally over a period of 4 years and shall be exercisable within the period as approved by the Nomination and Remuneration Committee (NARC). The exercise price of the RSUs will be equal to the par value of the shares and the exercise price of the stock options would be the market price as on the date of grant. Controlled trust holds 96,55,927 shares and 10,916,829 shares as at March 31, 2025 and March 31, 2024, respectively under the 2015 plan. Out of these shares, 2,00,000 equity shares each have been earmarked for welfare", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 260, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0cdcaf88b46a3800"}, {"chunk_id": "05e4b69a574842e3", "content": "Out of these shares, 2,00,000 equity shares each have been earmarked for welfare activities of the employees as at March 31, 2025 and March 31, 2024. The following is the summary of grants made during the three months and year ended March 31, 2025 and March 31, 2024: Three months ended March 31, Year ended March 31, Three months ended March 31, Year ended March 31,", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 260, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0cdcaf88b46a3800"}, {"chunk_id": "5577cd333a7dda4d", "content": "2025 2024 2025 2024 2025 2024 2025 2024 Equity settled RSUs Key Management Personnel (KMP) 49,000 26,900 119,699 141,171 85,674                     77,094 380,842 498,730 Employees other than KMP 3,617,798 3,582,471 3,624,646 4,046,731 1,722,470                3,442,700 1,874,690 4,640,640 Total Grants 3,666,798             3,609,371                   3,744,345             4,187,902               1,808,144                3,519,794                   2,255,532                5,139,370 Cash settled RSUs Key Management Personnel (KMP) -                           -                                  -                           -                              -                               -                                 -                               - Employees other than KMP -                           -                                  -                           -                      94,050                   169,040                        94,050                   176,990 -                           -                                  -                           -                      94,050                   169,040                        94,050                   176,990 Total Grants 3,666,798             3,609,371                   3,744,345             4,187,902               1,902,194                3,688,834                   2,349,582                5,316,360 Notes on grants to KMP:", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 262, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0e2934d7a19600ab"}, {"chunk_id": "ced4319b13f90d0f", "content": "3,666,798             3,609,371                   3,744,345             4,187,902               1,902,194                3,688,834                   2,349,582                5,316,360 Notes on grants to KMP: The Board, on April 18, 2024, based on the recommendations of the Nomination and Remuneration Committee approved the following grants for fiscal 2025. In accordance with such approval the following grants were made effective May 2, 2024. - 245,679 performance-based RSUs (Annual performance equity grant) of fair value of ₹34.75 crore. These RSUs will vest in line with the employment agreement based on achievement of certain performance targets. - 14,140 performance-based grant of RSUs (Annual performance equity ESG grant) of fair value of ₹2 crore. These RSUs will vest in line with the employment agreement based on achievement of certain environment, social and governance milestones as determined by the Board. - 35,349 performance-based grant of RSUs (Annual performance Equity TSR grant) of fair value of ₹5 crore . These RSUs will vest in line with the employment agreement based on Company’s performance on cumulative relative TSR over the years and as determined by the Board. Further, in accordance with the employee agreement which has been approved by the shareholders, the CEO is eligible to receive an annual grant of RSUs of fair value ₹3 crore which will vest overtime in three equal annual", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 262, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0e2934d7a19600ab"}, {"chunk_id": "937170f66dba0b67", "content": "installments upon the completion of each year of service from the respective grant date. Accordingly, annual time-based grant of 16,204 RSUs was made effective February 1, 2025 for fiscal 2025. Though the annual time based grants and annual performance equity TSR grant for the remaining employment term ending on March 31, 2027 have not been granted as of March 31, 2025, since the service commencement date precedes the grant date, the company has recorded employment stock compensation expense in accordance with Ind AS 102, Share based payment. The grant date for this purpose in accordance with Ind AS 102, Share based payment is July 1, 2022. The Board, on April 18, 2024, based on the recommendations of the Nomination and Remuneration Committee, approved performance-based grant of RSUs amounting to ₹10 crore for fiscal 2025 under the 2019 Plan. These RSUs will vest based on achievement of certain performance targets. Accordingly, 70,699 performance based RSU’s were granted effective May 2, 2024. During the year ended March 31, 2025, based on recommendations of Nomination and Remuneration Committee, the Board approved 69,470 time based RSUs to other KMP under the 2015 plan. Time based RSUs will vest over four years.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 262, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0e2934d7a19600ab"}, {"chunk_id": "81007f87a19dee33", "content": "Time based RSUs will vest over four years. During the year ended March 31, 2025, based on recommendations of Nomination and Remuneration Committee, the Board approved performance based grants of 49,000 RSUs to other KMPs under the 2019 plan. These RSUs will vest over three years based on achievement of certain performance targets. The break-up of employee stock compensation expense is as follows: Particulars Year ended March 31, Three months ended March 31, 18                            17                               70                            68 Total (1) Employees other than KMP 158                          181                             642                          507 176                          198                             712                          575 (1) Cash settled stock compensation expense included in the above 1                              2                                 8                              5 The fair value of the awards are estimated using the Black-Scholes Model for time and non-market performance-based options and Monte Carlo simulation model is used for TSR based options. The inputs to the model include the share price at date of grant, exercise price, expected volatility, expected dividends, expected term and the risk free rate of interest. Expected volatility during the expected term of the options", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 262, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0e2934d7a19600ab"}, {"chunk_id": "d53074fe8b37ff8f", "content": "Expected volatility during the expected term of the options is based on historical volatility of the observed market prices of the Company's publicly traded equity shares during a period equivalent to the expected term of the options. Expected volatility of the comparative company have been modelled based on historical movements in the market prices of their publicly traded equity shares during a period equivalent to the expected term of the options. Correlation coefficient is calculated between each peer entity and the indices as a whole or between each entity in the peer group. The fair value of each equity settled award is estimated on the date of grant using the following assumptions: Fiscal 2025- Equity Shares- For options granted in Fiscal 2024- Equity Shares-RSU Weighted average share price (₹) / ($ ADS) 1,808                       21.44                          1,588                       19.19 Exercise price (₹) / ($ ADS) 5.00                         0.07                            5.00                         0.07 Expected volatility (%) 21-26 23-28 23-31 25-33 Expected life of the option (years) 1-4 1-4 1-4 1-4 Expected dividends (%) 2-3 2-3 2-3 2-3 Risk-free interest rate (%) 7 4-5 7 4-5 Weighted average fair value as on grant date (₹) / ($ ADS) 1,555                       18.20                          1,317                       16.27", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 262, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0e2934d7a19600ab"}, {"chunk_id": "6d8f33728fe5316c", "content": "2-3 2-3 2-3 Risk-free interest rate (%) 7 4-5 7 4-5 Weighted average fair value as on grant date (₹) / ($ ADS) 1,555                       18.20                          1,317                       16.27 The expected life of the RSU/ESOP is estimated based on the vesting term and contractual term of the RSU/ESOP, as well as expected exercise behavior of the employee who receives the RSU/ESOP. 2.12 OTHER FINANCIAL LIABILITIES (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Non-current Others", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 262, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0e2934d7a19600ab"}, {"chunk_id": "ab634dfa7dbac62e", "content": "Compensated absences 90                                 81 Accrued compensation to employees (1) 5                                   7 Accrued expenses (1) 1,876                            1,779 Other payables (1) -                                   74 Total non-current other financial liabilities 1,991                            1,941 Current Payable for acquisition of business - Contingent consideration (2) 20 - Unpaid dividends (1) 45                                 37 Others Accrued compensation to employees (1) 3,781                            3,336 Accrued expenses (1)(4) 6,210                            5,134 Capital creditors (1) 470                               269 Compensated absences 2,322                            2,078 Payable for acquisition of business - Contingent consideration (2) 11 - Other payables (1)(5) 1,206                               933 Foreign currency forward and options contracts (2)(3) 56                                 21 Total current other financial liabilities 14,101                          11,808 Total other financial liabilities 16,092                          13,749 (1)  Financial liability carried at amortized cost 13,593                          11,569 (2)  Financial liability carried at fair value through profit or loss 54                                 20 (3)  Financial liability carried at fair value through other comprehensive income 33                                   1 (4)  Includes dues to subsidiaries", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 263, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aa9151032bb24b88"}, {"chunk_id": "fcbadea7ea9ee488", "content": "54                                 20 (3)  Financial liability carried at fair value through other comprehensive income 33                                   1 (4)  Includes dues to subsidiaries 56                                 29 (5)  Includes dues to subsidiaries 962                               405 Financial liability towards contingent consideration on an undiscounted basis 33 - Accrued expenses primarily relate to cost of technical sub-contractors, telecommunication charges, legal and professional charges, brand building expenses, overseas travel expenses, office maintenance and cost of third party software and hardware. (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Outstanding dues of micro enterprises and small enterprises 8                                 92 Outstanding dues of creditors other than micro enterprises and small enterprises(1) 2,720                            2,401 Total trade payables 2,728                            2,493 (1) Includes dues to subsidiaries 907                              778 2.14 OTHER LIABILITIES (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Non-current Others Accrued defined benefit liability 74                               123 Others 21                                 27 Total non - current other liabilities 95                               150 Current Unearned revenue 6,713                            5,698 Others Withholding taxes and others 2,433                            1,974", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 263, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aa9151032bb24b88"}, {"chunk_id": "95d652973eb1c39a", "content": "Total non - current other liabilities 95                               150 Current Unearned revenue 6,713                            5,698 Others Withholding taxes and others 2,433                            1,974 Accrued defined benefit liability 3                                   2 Others 10                                   7 Total current other liabilities 9,159                            7,681 Total other liabilities 9,254                            7,831 A provision is recognized if, as a result of a past event, the Company has a present legal or constructive obligation that is reasonably estimable, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability.The Company recognizes a reimbursement asset when, and only when, it is virtually certain that the reimbursement will be received if the Company settles the obligation. a. Post-sales client support The Company provides its clients with a fixed-period post sales support on its fixed-price, fixed-timeframe contracts. Costs associated with such support services are accrued at the time related revenues are recorded in the Statement of Profit and Loss.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 263, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aa9151032bb24b88"}, {"chunk_id": "5b5fc1f7b7e15fd9", "content": "Costs associated with such support services are accrued at the time related revenues are recorded in the Statement of Profit and Loss. The Company estimates such costs based on historical experience and estimates are reviewed on a periodic basis for any material changes in assumptions and likelihood of occurrence. Provisions for onerous contracts are recognized when the expected benefits to be derived by the Company from a contract are lower than the unavoidable costs of meeting the future obligations under the contract. Provisions for estimated losses, if any, on incomplete contracts are recorded in the period in which such losses become probable based on the estimated efforts or costs to complete the contract. The provision is measured at the present value of the lower of the expected cost of terminating the contract and the expected net cost of continuing with the contract. Before a provision is established, the Company recognizes any impairment loss on the assets associated with that contract. Provision for post-sales client support and other provisions (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Current Others Post-sales client support and other provisions 993                     1,464 Total provisions 993                     1,464", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 263, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aa9151032bb24b88"}, {"chunk_id": "10408840e70f2819", "content": "(In ₹ crore) Particulars March 31, 2025 March 31, 2024 Current Others Post-sales client support and other provisions 993                     1,464 Total provisions 993                     1,464 Provision for post sales client support and other provisions majorly represents costs associated with providing sales support services which are accrued at the time of recognition of revenues and are expected to be utilized over a period of 1 year. Provision for post sales client support and other provisions is included in cost of sales in the interim condensed standalone statement of profit and loss.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 263, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aa9151032bb24b88"}, {"chunk_id": "75a733c9a7bd1708", "content": "Income tax expense comprises current and deferred income tax. Income tax expense is recognized in net profit in the Statement of Profit and Loss except to the extent that it relates to items recognized directly in equity, in which case it is recognized in equity or other comprehensive income. Current income tax for current and prior periods is recognized at the amount expected to be paid to or recovered from the tax authorities, using the tax rates and tax laws that have been enacted or substantively enacted by the Balance Sheet date. Deferred income tax assets and liabilities are recognized for all temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized. Deferred income tax assets and liabilities are measured using tax rates and tax laws that have been enacted or substantively enacted by the Balance Sheet date and are expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of changes in tax rates on deferred income tax assets and liabilities is recognized as income or expense in the period that includes the enactment or the substantive enactment date.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 264, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "784a5b8c847504aa"}, {"chunk_id": "c392355228c7ae23", "content": "The effect of changes in tax rates on deferred income tax assets and liabilities is recognized as income or expense in the period that includes the enactment or the substantive enactment date. A deferred income tax asset is recognized to the extent that it is probable that future taxable profit will be available against which the deductible temporary differences and tax losses can be utilized. Deferred income taxes are not provided on the undistributed earnings of subsidiaries and branches where it is expected that the earnings of the subsidiary or branch will not be distributed in the foreseeable future. The Company offsets current tax assets and current tax liabilities; deferred tax assets and deferred tax liabilities, where it has a legally enforceable right to set off the recognized amounts and where it intends either to settle on a net basis, or to realize the asset and settle the liability simultaneously. The income tax provision for the interim period is made based on the best estimate of the annual average tax rate expected to be applicable for the full financial year. Tax benefits of deductions earned on exercise of employee share options in excess of compensation charged to income are credited to equity. Income tax expense in the statement of Profit and Loss comprises: (In ₹ crore) Particulars Three months ended March 31, Year ended March 31, 2025 2024 2025 2024 Current taxes", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 264, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "784a5b8c847504aa"}, {"chunk_id": "102f7af130a4f489", "content": "Income tax expense in the statement of Profit and Loss comprises: (In ₹ crore) Particulars Three months ended March 31, Year ended March 31, 2025 2024 2025 2024 Current taxes 2,408                                   830                        10,836                     7,306 Deferred taxes 25                                1,104                           (963)                     1,413 Income tax expense 2,433                                1,934                          9,873                     8,719 Income tax expense for the three months ended March 31, 2025 and March 31, 2024 includes reversals (net of provisions) of ₹116 crore and ₹832 crore, respectively. Income tax expense for the year ended March 31, 2025 and March 31, 2024 includes provisions (net of reversals) of ₹97 crore and reversals (net of provisions) of ₹913 crore, respectively. These reversals pertaining to prior periods are primarily on account of adjudication of certain disputed matters, upon filing of tax return and completion of assessments, across various jurisdictions. During the quarter ended March 31, 2025, the Company received orders under section 250 of the Income Tax Act, 1961, from the Income Tax Authorities in India for the assessment years, 2016-17 and 2019-20. These orders confirmed the Company's position with respect to tax treatment of certain contentious matters. As a result interest income (pre-tax) of ₹327 crore was recognised and provision for", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 264, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "784a5b8c847504aa"}, {"chunk_id": "19cf985430bfbb64", "content": "2019-20. These orders confirmed the Company's position with respect to tax treatment of certain contentious matters. As a result interest income (pre-tax) of ₹327 crore was recognised and provision for income tax aggregating ₹183 crore was reversed with a corresponding credit to the Statement of Profit and Loss. Also, upon resolution of the disputes, an amount aggregating to ₹1,068 crore has been reduced from contingent liabilities. Deferred income tax for the three months and year ended March 31, 2025 and March 31, 2024 substantially relates to origination and reversal of temporary differences. The Company’s Advanced Pricing Arrangement (APA) with the Internal Revenue Service (IRS) for US branch income tax expired in March 2021. The Company has applied for renewal of APA and currently the US taxable income is based on the Company’s best estimate determined based on the expected value method. 2.17 REVENUE FROM OPERATIONS The Company derives revenues primarily from IT services comprising software development and related services, cloud and infrastructure services, maintenance, consulting and package implementation, licensing of software products and platforms across the Company’s core and digital offerings (together called as “software related services”). Contracts with customers are either on a time-and-material, unit of work, fixed-price or on a fixed- timeframe basis.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 264, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "784a5b8c847504aa"}, {"chunk_id": "e9cfa6607c93b33e", "content": "(together called as “software related services”). Contracts with customers are either on a time-and-material, unit of work, fixed-price or on a fixed- timeframe basis. Revenues from customer contracts are considered for recognition and measurement when the contract has been approved in writing, by the parties, to the contract, the parties to contract are committed to perform their respective obligations under the contract, and the contract is legally enforceable. Revenue is recognized upon transfer of control of promised products or services (“performance obligations”) to customers in an amount that reflects the consideration the Company has received or expects to receive in exchange for these products or services (“transaction price”). When there is uncertainty as to collectability, revenue recognition is postponed until such uncertainty is resolved. The Company assesses the services promised in a contract and identifies distinct performance obligations in the contract. The Company allocates the transaction price to each distinct performance obligation based on the relative standalone selling price. The price that is regularly charged for an item when sold separately is the best evidence of its standalone selling price. In the absence of such evidence, the primary method used to estimate standalone", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 264, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "784a5b8c847504aa"}, {"chunk_id": "b4a791b4273fc558", "content": "The price that is regularly charged for an item when sold separately is the best evidence of its standalone selling price. In the absence of such evidence, the primary method used to estimate standalone selling price is the expected cost plus a margin, under which the Company estimates the cost of satisfying the performance obligation and then adds an appropriate margin based on similar services. The Company’s contracts may include variable consideration including rebates, volume discounts and penalties. The Company includes variable consideration as part of transaction price when there is a basis to reasonably estimate the amount of the variable consideration and when it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is resolved.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 264, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "784a5b8c847504aa"}, {"chunk_id": "8eaca6054f432f2a", "content": "Revenue on time-and-material and unit of work based contracts, are recognized as the related services are performed. Fixed price maintenance revenue is recognized ratably either on a straight-line basis when services are performed through an indefinite number of repetitive acts over a specified period or ratably using a percentage of completion method when the pattern of benefits from the services rendered to the customer and Company’s costs to fulfil the contract is not even through the period of contract because the services are generally discrete in nature and not repetitive. Revenue from other fixed- price, fixed-timeframe contracts, where the performance obligations are satisfied over time is recognized using the percentage-of-completion method. Efforts or costs expended are used to determine progress towards completion as there is a direct relationship between input and productivity. Progress towards completion is measured as the ratio of costs or efforts incurred to date (representing work performed) to the estimated total costs or efforts. Estimates of transaction price and total costs or efforts are continuously monitored over the term of the contracts and are recognized in net profit in the period when these estimates change or when the estimates are revised. Revenues and the estimated total costs or efforts are subject to revision as the contract progresses.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 265, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f62c1c69c5db169b"}, {"chunk_id": "01d196762de44a94", "content": "period when these estimates change or when the estimates are revised. Revenues and the estimated total costs or efforts are subject to revision as the contract progresses. Provisions for estimated losses, if any, on incomplete contracts are recorded in the period in which such losses become probable based on the estimated efforts or costs to complete the contract. The billing schedules agreed with customers include periodic performance based billing and / or milestone based progress billings. Revenues in excess of billing are classified as unbilled revenue while billing in excess of revenues are classified as contract liabilities (which we refer to as \"unearned revenues\"). In arrangements for software development and related services and maintenance services, by applying the revenue recognition criteria for each distinct performance obligation, the arrangements with customers generally meet the criteria for considering software development and related services as distinct performance obligations. For allocating the transaction price, the Company measures the revenue in respect of each performance obligation of a contract at its relative standalone selling price. The price that is regularly charged for an item when sold separately is the best evidence of its standalone selling price. In cases where the Company is unable to determine the standalone selling price, the Company uses the expected cost plus margin approach", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 265, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f62c1c69c5db169b"}, {"chunk_id": "669376c338476491", "content": "selling price. In cases where the Company is unable to determine the standalone selling price, the Company uses the expected cost plus margin approach in estimating the standalone selling price. For software development and related services, the performance obligations are satisfied as and when the services are rendered since the customer generally obtains control of the work as it progresses. Certain cloud and infrastructure services contracts include multiple elements which may be subject to other specific accounting guidance, such as leasing guidance. These contracts are accounted in accordance with such specific accounting guidance. In such arrangements where the Company is able to determine that hardware and services are distinct performance obligations, it allocates the consideration to these performance obligations on a relative standalone selling price basis. In the absence of standalone selling price, the Company uses the expected cost-plus margin approach in estimating the standalone selling price. When such arrangements are considered as a single performance obligation, revenue is recognized over the period and measure of progress is determined based on promise in the contract. Revenue from licenses where the customer obtains a “right to use” the licenses is recognized at the time the license is made available to the customer.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 265, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f62c1c69c5db169b"}, {"chunk_id": "1be1c3bec5644706", "content": "Revenue from licenses where the customer obtains a “right to use” the licenses is recognized at the time the license is made available to the customer. Revenue from licenses where the customer obtains a “right to access” is recognized over the access period. Arrangements to deliver software products generally have three elements: license, implementation and Annual Technical Services (ATS). When implementation services are provided in conjunction with the licensing arrangement and the license and implementation have been identified as two distinct separate performance obligations, the transaction price for such contracts are allocated to each performance obligation of the contract based on their relative standalone selling prices. In the absence of standalone selling price for implementation, the Company uses the expected cost plus margin approach in estimating the standalone selling price. Where the license is required to be substantially customized as part of the implementation service the entire arrangement fee for license and implementation is considered to be a single performance obligation and the revenue is recognized using the percentage-of-completion method as the implementation is performed. Revenue from client training, support and other services arising due to the sale of software products is recognized as the performance obligations are satisfied.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 265, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f62c1c69c5db169b"}, {"chunk_id": "6472789814cc0e23", "content": "Revenue from client training, support and other services arising due to the sale of software products is recognized as the performance obligations are satisfied. ATS revenue is recognized ratably on a straight line basis over the period in which the services are rendered. Contracts with customers includes subcontractor services or third-party vendor equipment or software in certain integrated services arrangements. In these types of arrangements, revenue from sales of third-party vendor products or services is recorded net of costs when the Company is acting as an agent between the customer and the vendor, and gross when the Company is the principal for the transaction. In doing so, the Company first evaluates whether it obtains control of the specified goods or services before they are transferred to the customer. The Company considers whether it is primarily responsible for fulfilling the promise to provide the specified goods or services, inventory risk, pricing discretion and other factors to determine whether it controls the specified goods or services and therefore, is acting as a principal or an agent. A contract modification is a change in the scope or price or both of a contract that is approved by the parties to the contract. A contract modification that", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 265, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f62c1c69c5db169b"}, {"chunk_id": "eb4e7d3ea0f73383", "content": "A contract modification is a change in the scope or price or both of a contract that is approved by the parties to the contract. A contract modification that results in the addition of distinct performance obligations are accounted for either as a separate contract if the additional services are priced at the standalone selling price or as a termination of the existing contract and creation of a new contract if they are not priced at the standalone selling price. If the modification does not result in a distinct performance obligation, it is accounted for as part of the existing contract on a cumulative catch-up basis. The incremental costs of obtaining a contract (i.e., costs that would not have been incurred if the contract had not been obtained) are recognized as an asset if the Company expects to recover them.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 265, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f62c1c69c5db169b"}, {"chunk_id": "328fe2482d7b26eb", "content": "Certain eligible, nonrecurring costs (e.g. set-up or transition or transformation costs) that do not represent a separate performance obligation are recognized as an asset when such costs (a) relate directly to the contract; (b) generate or enhance resources of the Company that will be used in satisfying the performance obligation in the future; and (c) are expected to be recovered. Capitalized contract costs relating to upfront payments to customers are amortized to revenue and other capitalized costs are amortized to expenses over the respective contract life on a systematic basis consistent with the transfer of goods or services to customer to which the asset relates. Capitalized costs are monitored regularly for impairment. Impairment losses are recorded when present value of projected remaining operating cash flows is not sufficient to recover the carrying amount of the capitalized costs. Revenue from operations for the three months and year ended March 31, 2025 and March 31, 2024 is as follows: The Company presents revenues net of indirect taxes in its Statement of Profit and Loss. Three months ended March 31, Revenue from software services 33,876                      31,940                        135,525                  128,637 Revenue from products and platforms 260                             61                            1,067                         296 Total revenue from operations", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 266, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1d4201500252bcf0"}, {"chunk_id": "18f19a7c427a57fa", "content": "Revenue from products and platforms 260                             61                            1,067                         296 Total revenue from operations 34,136                      32,001                        136,592                  128,933 The percentage of revenue from fixed-price contracts for the three months ended March 31, 2025 and March 31, 2024 is 58% and 57%, respectively. The percentage of revenue from fixed-price contracts for the year ended March 31, 2025 and March 31, 2024 is 58% and 56%, respectively. Trade receivables and Contract Balances The timing of revenue recognition, billings and cash collections results in receivables, unbilled revenue, and unearned revenue on the Company’s Balance Sheet. Amounts are billed as work progresses in accordance with agreed-upon contractual terms, either at periodic intervals (e.g., monthly or quarterly) or upon achievement of contractual milestones. The Company’s receivables are rights to consideration that are unconditional. Unbilled revenues comprising revenues in excess of billings from time and material contracts and fixed price maintenance contracts are classified as financial asset when the right to consideration is unconditional and is due only after a passage of time. Invoicing to the clients for other fixed price contracts is based on milestones as defined in the contract and therefore the timing of revenue recognition is", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 266, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1d4201500252bcf0"}, {"chunk_id": "6c241c8100f3fa67", "content": "only after a passage of time. Invoicing to the clients for other fixed price contracts is based on milestones as defined in the contract and therefore the timing of revenue recognition is different from the timing of invoicing to the customers. Therefore unbilled revenues for other fixed price contracts (contract asset) are classified as non- financial asset because the right to consideration is dependent on completion of contractual milestones. Invoicing in excess of earnings are classified as unearned revenue. Trade receivables and unbilled revenues are presented net of impairment in the Balance Sheet. 2.18 OTHER INCOME, NET Other income is comprised primarily of interest income, dividend income, gain / loss on investments and exchange gain/loss on forward and options contracts and on translation of foreign currency assets and liabilities. Interest income is recognized using the effective interest method. Dividend income is recognized when the right to receive payment is established. 2.18.2 Foreign currency The functional currency of the Company is the Indian rupee. These financial statements are presented in Indian rupees (rounded off to crore; one crore equals ten million). Foreign-currency denominated monetary assets and liabilities are translated into the relevant functional currency at exchange rates in effect at the Balance Sheet date. The", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 266, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1d4201500252bcf0"}, {"chunk_id": "c3e311f4d268608d", "content": "Foreign-currency denominated monetary assets and liabilities are translated into the relevant functional currency at exchange rates in effect at the Balance Sheet date. The gains or losses resulting from such translations are recognized in the condensed standalone Statement of Profit and Loss and reported within exchange gains/(losses) on translation of assets and liabilities, net, except when deferred in Other Comprehensive Income as qualifying cash flow hedges. Non-monetary assets and non-monetary liabilities denominated in a foreign currency and measured at fair value are translated at the exchange rate prevalent at the date when the fair value was determined. Non- monetary assets and non-monetary liabilities denominated in a foreign currency and measured at historical cost are translated at the exchange rate prevalent at the date of the transaction. The related revenue and expense are recognized using the same exchange rate. Transactions and translations Transaction gains or losses realized upon settlement of foreign currency transactions are included in determining net profit for the period in which the transaction is settled. Revenue, expense and cash-flow items denominated in foreign currencies are translated into the relevant functional currencies using the exchange rate in effect on the date of the transaction.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 266, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1d4201500252bcf0"}, {"chunk_id": "cb2b1870a3d79e65", "content": "Revenue, expense and cash-flow items denominated in foreign currencies are translated into the relevant functional currencies using the exchange rate in effect on the date of the transaction. Other Comprehensive Income, net of taxes includes translation differences on non-monetary financial assets measured at fair value at the reporting date, such as equities classified as financial instruments and measured at fair value through other comprehensive income (FVOCI). The Company recognizes government grants only when there is reasonable assurance that the conditions attached to them shall be complied with, and the grants will be received. Government grants related to assets are treated as deferred income and are recognized in the net profit in the Statement of Profit and Loss on a systematic and rational basis over the useful life of the asset. Government grants related to revenue are recognized on a systematic basis in the net profit in the Statement of Profit and Loss over the periods necessary to match them with the related costs which they are intended to compensate. Other income for the three months and year ended March 31, 2025 and March 31, 2024 is as follows: (In ₹ crore) Particulars Three months ended March 31, Interest income on financial assets carried at amortized cost Tax free bonds and government bonds 30                               30                             121                             131", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 266, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1d4201500252bcf0"}, {"chunk_id": "740c32efed71ee5e", "content": "Interest income on financial assets carried at amortized cost Tax free bonds and government bonds 30                               30                             121                             131 Deposit with Bank and others 287                             160                          1,051                             665 Interest income on financial assets carried at fair value through other comprehensive income Non-convertible debentures, commercial papers, certificates of deposit and government securities 294                             297                          1,005                             898 Income on investments carried at fair value through profit or loss", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 266, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1d4201500252bcf0"}, {"chunk_id": "f634f4d804c53b61", "content": "Gain / (loss) on liquid mutual funds and other investments 47                               64                             242                             224 Income on investments carried at fair value through other comprehensive income -                                  -                                   2 - Income on investments carried at amortized cost Gain/(loss) on tax free bond 4 -                                   4 - Interest income on income tax refund 327                          1,934                             340                          1,936 Dividend received from subsidiary 200                             858                          1,522                          2,976 (98)                             214                           (206)                             111 Exchange gains/(losses) on translation of other assets and liabilities 197                           (126)                             478                             214 Miscellaneous income, net 35                               52                             223                             262 Exchange gains/(losses) on foreign currency forward and options contracts Total other income 1,323                          3,483                          4,782                          7,417 2.19.1 Gratuity and Pension", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 267, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "70835e92fc8a853d"}, {"chunk_id": "c3f279d9f7ad5cdf", "content": "Total other income 1,323                          3,483                          4,782                          7,417 2.19.1 Gratuity and Pension The Company provides for gratuity, a defined benefit retirement plan ('the Gratuity Plan') covering eligible Indian employees of Infosys. The Gratuity Plan provides a lump- sum payment to vested employees at retirement, death, incapacitation or termination of employment, of an amount based on the respective employee's salary and the tenure of employment with the Company. The Company contributes Gratuity liabilities to the Infosys Limited Employees' Gratuity Fund Trust (the Trust). Trustees administer contributions made to the Trusts and contributions are invested in a scheme with the Life Insurance Corporation of India as permitted by Indian law. The Company operates defined benefit pension plan in certain overseas jurisdictions, in accordance with the local laws. These plans are managed by third party fund managers. The plans provide for periodic payouts after retirement and / or for a lumpsum payment as set out in rules of each fund and includes death and disability benefits. The defined benefit plans require contributions which are based on a percentage of salary that varies depending on the age of the respective employees.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 267, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "70835e92fc8a853d"}, {"chunk_id": "b02ab252c75cf58d", "content": "The defined benefit plans require contributions which are based on a percentage of salary that varies depending on the age of the respective employees. Liabilities with regard to these defined benefit plans are determined by actuarial valuation, performed by an external actuary, at each Balance Sheet date using the projected unit credit method. These defined benefit plans expose the Company to actuarial risks, such as longevity risk,  interest rate risk and market risk. The Company recognizes the net obligation of a defined benefit plan in its Balance Sheet as an asset or liability. Gains and losses through re-measurements of the net defined benefit liability/(asset) are recognized in other comprehensive income and are not reclassified to profit or loss in subsequent periods. The actual return of the portfolio of plan assets, in excess of the yields computed by applying the discount rate used to measure the defined benefit obligation is recognized in other comprehensive income. The effect of any plan amendments is recognized in net profit in the Statement of Profit and Loss. 2.19.2 Provident fund Eligible employees of Infosys receive benefits from a provident fund, which is a defined benefit plan. Both the eligible employee and the Company make monthly contributions to the provident fund plan equal to a specified percentage of the covered employee's salary. The Company contributes a portion to the Infosys Limited", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 267, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "70835e92fc8a853d"}, {"chunk_id": "31c1cdced9f62de6", "content": "contributions to the provident fund plan equal to a specified percentage of the covered employee's salary. The Company contributes a portion to the Infosys Limited Employees' Provident Fund Trust. The trust invests in specific designated instruments as permitted by Indian law. The remaining portion is contributed to the government administered pension fund. The rate at which the annual interest is payable to the beneficiaries by the trust is being administered by the Government of India. The Company has an obligation to make good the shortfall, if any, between the return from the investments of the Trust and the notified interest rate. 2.19.3 Superannuation Certain employees of Infosys are participants in a defined contribution plan. The Company has no further obligations to the Plan beyond its monthly contributions which are periodically contributed to a trust fund, the corpus of which is invested with the Life Insurance Corporation of India. 2.19.4 Compensated absences The Company has a policy on compensated absences which are both accumulating and non-accumulating in nature. The expected cost of accumulating compensated absences is determined by actuarial valuation performed by an external actuary at each Balance Sheet date using projected unit credit method on the additional amount expected to be paid/availed as a result of the unused entitlement that has accumulated at the Balance Sheet date.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 267, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "70835e92fc8a853d"}, {"chunk_id": "9c066ccaf65aff24", "content": "expected to be paid/availed as a result of the unused entitlement that has accumulated at the Balance Sheet date. Expense on non-accumulating compensated absences is recognized in the period in which the absences occur. 2025 2024 2025 2024 Employee benefit expenses Three months ended March 31, Salaries including bonus 16,430                        15,349                        64,296                        62,383 Contribution to provident and other funds 535                             470                          2,080                          1,972 Share based payments to employees (Refer to note 2.11) 176                             198                             712                             575 Staff welfare 118                               30                             378                             209 17,259                        16,047                        67,466                        65,139 Cost of software packages and others For own use 513                             420                          1,947                          1,635 Third party items bought for service delivery to clients 1,629                          1,678                          7,670                          5,256 2,142                          2,098                          9,617                          6,891 Other expenses", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 267, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "70835e92fc8a853d"}, {"chunk_id": "c3670a0733b14559", "content": "Power and fuel 44                               42                             196                             172 Brand and Marketing 310                             250                          1,067                             851 Rates and taxes 55                               60                             257                             248 Repairs and Maintenance 233                             234                             965                             953 Consumables 11                                 5                               32                               23 Insurance 58                               44                             242                             172 Provision for post-sales client support and others (224)                           (128)                           (114)                               77 Commission to non-whole time directors 5                                 5                               18                               16 Impairment loss recognized / (reversed) under expected credit loss model (93)                             (64)                               (7)                             130 Auditor's remuneration Statutory audit fees 3                                 3                                 8                                 8 Contributions towards Corporate Social Responsibility 82                             177                             540                             492", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 268, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "651d1f07dd3ca177"}, {"chunk_id": "9da1f2e6f891f107", "content": "Contributions towards Corporate Social Responsibility 82                             177                             540                             492 Others 56                               98                             293                             446 540                             726                          3,497                          3,588 2.20 EARNINGS PER EQUITY SHARE Basic earnings per equity share is computed by dividing the net profit attributable to the equity holders of the Company by the weighted average number of equity shares outstanding during the period. Diluted earnings per equity share is computed by dividing the net profit attributable to the equity holders of the Company by the weighted average number of equity shares considered for deriving basic earnings per equity share and also the weighted average number of equity shares that could have been issued upon conversion of all dilutive potential equity shares. The dilutive potential equity shares are adjusted for the proceeds receivable had the equity shares been actually issued at fair value (i.e. the average market value of the outstanding equity shares). Dilutive potential equity shares are deemed converted as at the beginning of the period, unless issued at a later date. Dilutive potential equity shares are determined independently for each period presented.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 268, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "651d1f07dd3ca177"}, {"chunk_id": "dd6453f427a56b76", "content": "date. Dilutive potential equity shares are determined independently for each period presented. The number of equity shares and potentially dilutive equity shares are adjusted retrospectively for all periods presented for any share splits and bonus shares issues including for changes effected prior to the approval of the financial statements by the Board of Directors. 2.21 CONTINGENT LIABILITIES AND COMMITMENTS Contingent liability is a possible obligation arising from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity or a present obligation that arises from past events but is not recognized because it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation or  the amount of the obligation cannot be measured with sufficient reliability. (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Contingent liabilities: Claims against the Company, not acknowledged as debts(1) 1,772                      2,649 [Amount paid to statutory authorities ₹3,815 crore (₹8,283 crore)] Estimated amount of contracts remaining to be executed on capital contracts and not provided for (net of advances and deposits)(2) 868                         688 Other Commitments* 27                            5 * Uncalled capital pertaining to investments", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 268, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "651d1f07dd3ca177"}, {"chunk_id": "64482e08d09cefce", "content": "(net of advances and deposits)(2) 868                         688 Other Commitments* 27                            5 * Uncalled capital pertaining to investments (1) As at March 31, 2025 and March 31, 2024, claims against the Company not acknowledged as debts in respect of income tax matters amounted to ₹1,290 crore and ₹2,260 crore, respectively. The claims against the Company primarily represent demands arising on completion of assessment proceedings under the Income Tax Act, 1961. These claims are on account of issues of disallowance of expenditure towards software being held as capital in nature, payments made to Associated Enterprises held as liable for withholding of taxes, among others. These matters are pending before various Income Tax Authorities and the Management including its tax advisors expect that its position will likely be upheld on ultimate resolution and will not have a material adverse effect on the Company's financial position and results of operations. Amount paid to statutory authorities against the tax claims amounted to ₹3,810 crore and ₹8,273 crore as at March 31, 2025 and March 31, 2024, respectively. (2) Capital contracts primarily comprises of commitments for infrastructure facilities and computer equipments. The Company is subject to legal proceedings and claims, which have arisen in the ordinary course of business. The Company’s management reasonably expects that such ordinary", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 268, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "651d1f07dd3ca177"}, {"chunk_id": "d2f6982c8b817710", "content": "The Company is subject to legal proceedings and claims, which have arisen in the ordinary course of business. The Company’s management reasonably expects that such ordinary course legal actions, when ultimately concluded and determined, will not have a material and adverse effect on the Company’s results of operations or financial condition. 2.22 RELATED PARTY TRANSACTIONS Refer to the Company's Annual Report for the year ended March 31, 2025 for the full names and other details of the Company's subsidiaries and controlled trusts. Changes in Subsidiaries During the year ended March 31, 2025, the following are the changes in the subsidiaries: Danske IT and Support Services India Private Limited renamed as IDUNN Information Technology Private Limited On May 10, 2024 Infosys Ltd. acquired 100% of voting interests in InSemi Technology Services Private Limited along with its subsidiary Elbrus Labs Private Limited Infy tech SAS, a Wholly-owned subsidiary of Infosys Singapore Pte Limited was incorporated on July 03, 2024. Infosys Services (Thailand) Limited, a Wholly-owned subsidiary of Infosys Limited was incorporated on July 26, 2024.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 268, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "651d1f07dd3ca177"}, {"chunk_id": "0a3463d090caa8a1", "content": "On July 17, 2024, Infosys Germany GmbH, a wholly owned subsidiary of Infosys Singapore Pte. Limited, acquired 100% of voting interests in in-tech Holding GmbH along with its subsidiary in-tech GmbH along with its six subsidiaries in-tech Automotive Engineering SL, ProIT, in-tech Automotive Engineering de R.L. de C.V, drivetech Fahrversuch GmbH, Friedrich Wagner Holding Inc along with its two subsidiaries (in-tech Automotive Engineering LLC and in-tech Services LLC) and Friedrich & Wagner Asia Pacific GmbH along with its five subsidiaries in-tech engineering s.r.o, in-tech engineering GmbH, in-tech engineering services S.R.L, in-tech Group Ltd along with its subsidiary (in-tech Group India Private Limited) and In-tech Automotive Engineering Shenyang Co., Ltd along with its subsidiary (In-tech Automotive Engineering Bejing Co., Ltd). Subsequently on September 01, 2024 in-tech Group India Private Limited became a wholly- owned subsidiary of Infosys limited. On October 17, 2024, Infosys Singapore Pte Ltd. acquired 100% of voting interests in Blitz 24-893 SE ,Germany Skava systems Private Limited,  a wholly-owned subsidiary of Infosys ltd has been liquidated effective November 14, 2024 in-tech Automotive Engineering de. R L de. C V, a wholly-owned subsidiary of in-tech GmbH is under liquidation. Friedrich Wagner Holding Inc, a wholly-owned subsidiary of in-tech GmbH is under liquidation.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 269, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "05282270c1be2e2c"}, {"chunk_id": "b0870e87439cf446", "content": "in-tech Automotive Engineering de. R L de. C V, a wholly-owned subsidiary of in-tech GmbH is under liquidation. Friedrich Wagner Holding Inc, a wholly-owned subsidiary of in-tech GmbH is under liquidation. in-tech Services LLC, a wholly-owned subsidiary of Friedrich Wagner Holding Inc has been liquidated effective November 30, 2024 in-tech Automotive Engineering LLC, a wholly-owned subsidiary of Friedrich Wagner Holding Inc has been liquidated effective November 30, 2024 Infosys Consulting S.r.l. (Romania) renamed as Infosys Romania S.r.l. Kaleidoscope Animations, a wholly-owned subsidiary of Infosys Nova Holdings LLC merged into Infosys Nova Holdings LLC effective January 1, 2025 Blue Acorn iCi Inc, a wholly-owned subsidiary of Infosys Nova Holdings LLC merged into Infosys Nova Holdings LLC effective January 1, 2025 WongDoody Inc, a wholly-owned subsidiary of Infosys limited merged into Infosys Nova Holdings LLC effective January 1, 2025 Outbox systems Inc. dba Simplus (US), a wholly-owned subsidiary of Infosys Nova Holdings LLC merged into Infosys Nova Holdings LLC effective January 1, 2025 in-tech Holding GmbH, a wholly-owned subsidiary of Infosys Singapore Pte. Limited merged into in-tech GmbH effective January 1, 2025 Infosys Limited SPC, a Wholly-owned subsidiary of Infosys Limited was incorporated on December 12, 2024.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 269, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "05282270c1be2e2c"}, {"chunk_id": "cebe7374b90a68f0", "content": "Limited merged into in-tech GmbH effective January 1, 2025 Infosys Limited SPC, a Wholly-owned subsidiary of Infosys Limited was incorporated on December 12, 2024. Friedrich & Wagner Asia Pacific GmbH, a wholly-owned subsidiary of in-tech GmbH merged into in-tech GmbH effective January 1, 2025 Infosys BPM Netherlands B.V., a Wholly-owned subsidiary of Infosys BPM Limited was incorporated on March 20, 2025. The Company’s related party transactions during the three months and year ended March 31, 2025 and March 31, 2024 and outstanding balances as at March 31, 2025 and March 31, 2024 are with its subsidiaries with whom the Company generally enters into transactions which are at arms length and in the ordinary course of business. Change in key management personnel The following are the changes in the key management personnel: - Jayesh Sanghrajka (appointed as Chief Financial Officer effective April 1, 2024) Transactions with key management personnel The table below describes the compensation to key management personnel which comprise directors and executive officers: (In ₹ crore) Particulars 2025 2024 2025 2024 33 30 118 113 Three months ended March 31, Salaries and other short term employee benefits to whole-time directors and executive officers(1)(2) Commission and other benefits to non-executive / independent directors 5 5 19 17 Total 38 35 137 130", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 269, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "05282270c1be2e2c"}, {"chunk_id": "288d090421118fd1", "content": "Salaries and other short term employee benefits to whole-time directors and executive officers(1)(2) Commission and other benefits to non-executive / independent directors 5 5 19 17 Total 38 35 137 130 ⁽¹⁾ Total employee stock compensation expense for the three months ended March 31, 2025 and March 31, 2024 includes a charge of ₹18 crore and 17 crore, respectively, towards key management personnel. For the year ended March 31, 2025 and March 31, 2024, includes a charge of ₹70 crore and ₹68 crore respectively, towards key management personnel. (Refer to note 2.11). (2)  Does not include post-employment benefits and other long-term benefits based on actuarial valuation as these are done for the Company as a whole. 2.23 SEGMENT REPORTING The Company publishes this financial statement along with the interim condensed consolidated financial statements. In accordance with Ind AS 108, Operating Segments, the Company has disclosed the segment information in the interim condensed consolidated financial statements. for and on behalf of the Board of Directors of Infosys Limited Nandan M. Nilekani Salil Parekh Bobby Parikh Chairman Chief Executive Officer Director DIN: 00041245 and Managing Director DIN: 00019437 DIN: 01876159 Bengaluru Jayesh Sanghrajka A.G.S. Manikantha April 17, 2025 Chief Financial Officer Company Secretary Membership No. A21918", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 269, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "05282270c1be2e2c"}, {"chunk_id": "1d54171db73f498f", "content": "[OCR] Deloitte Chartered Accountants Prestige Trade Tower, Level 19 46, Palace Road, High Grounds Haskins & Sells LLP Bengaluru-560 001 Karnataka India Tel: +91 80 6188 6000 Fax: +91 80 6188 6011 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF INFOSYS LIMITED Report on the Audit of the Consolidated Financial Statements Opinion We have audited the accompanying consolidated financial statements of INFOSYS LIMITED 'Company\") and its subsidiaries (the Company and its subsidiaries together referred (the March 31, 2025, Group\") which comprise the Consolidated Balance Sheet as at to as the and the Consolidated Statement of Profit and Loss (including Other Comprehensive Income) the Consolidated Statement of Changes in Equity and the Consolidated Statement of Cash Flows for the year ended on that date, and notes to the financial statements, including summary of material accounting policies and other explanatory information (hereinafter Consolidated Financial Statements\") referred to as the In our opinion and to the best of our information and according to the explanations given to US, the aforesaid Consolidated Financial Statements, give the information required by the Act\") in the manner so required and give a true and fair view in Companies Act, 2013 (the conformity with the Indian Accounting Standards prescribed under section 133 of the Act, (\"Ind AS\") and other accounting principles generally accepted in India, of the consolidated 31, and their consolidated of affairs", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 271, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0bf14f8846812781"}, {"chunk_id": "c9fd807f48f3adf1", "content": "(\"Ind AS\") and other accounting principles generally accepted in India, of the consolidated 31, and their consolidated of affairs of the Group 2025 profit, their state as at March consolidated total comprehensive income, their consolidated changes in equity and their consolidated cash flows for the year ended on that date: Basis for Opinion Financial Statements in accordance with the We conducted our audit of the Consolidated our Auditing specified 143(10) of Standards (\"SAs\") under section the Act_ on responsibilities under those Standards are further described in the Auditor's Responsibilities Financial the Audit of the Consolidated Statements section of We report, for our are independent of the Group in accordance with the Code of Ethics issued by the Institute of Accountants of India (\"ICAI\") together with the ethical requirements that are Chartered relevant to our audit of the Consolidated Financial Statements under the provisions of the Rules made thereunder, and we have fulfilled our other ethical responsibilities the Act and in accordance with these requirements and the ICAI's Code of Ethics We believe that the audit evidence obtained by US is sufficient and appropriate to provide a basis for our audit opinion on the Consolidated Financial Statements. Key Audit Matters our professional judgment; Key were of most audit matters are those matters that; in significance in our audit of the Consolidated Financial Statements of the current period_ our audit of the Consolidated Financial", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 271, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0bf14f8846812781"}, {"chunk_id": "971a9062118b570f", "content": "our professional judgment; Key were of most audit matters are those matters that; in significance in our audit of the Consolidated Financial Statements of the current period_ our audit of the Consolidated Financial were addressed in the context of These matters Statements as a whole, and in forming our opinion thereon, and we do not provide a separate key opinion on these matters. We have determined the matters described below to be the audit matters to be communicated in our report, Auditor's Response Key Sr, Audit Matter No. Revenue recognition Performed Principal Audit Procedures included the following: Our   audit  procedures Group's The with related the (1) contracts to identification of distinct performance_ customers include contracts with Regd: Office: One International Center; Tower 3, 31st floor; Senapati Bapat Marg; Elphinstone Road (West); Mumbai-400 013, Maharashtra; India. Liability having LLP identification No: AAB-8737 Deloitte Haskins & Sells LLP is registered with Limited [OCR] Deloitte Haskins & Sells LLP Auditor's Response Key Audit Matter Sr. No; products obligations, (2) determination of whether and services; The group the Group is acting as a principal or agent derives from IT services revenues comprising software development and and (3) whether fixed price maintenance revenue is recognized services, maintenance , straight-line related on using basis the of consulting and package percentage or implementation, licensing completion the of software method included following, among others: products and platforms", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 271, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0bf14f8846812781"}, {"chunk_id": "fddb5c75cd472ef5", "content": "services, maintenance , straight-line related on using basis the of consulting and package percentage or implementation, licensing completion the of software method included following, among others: products and platforms the across Group's core and digital offerings and tested the effectiveness of management business We process relating Group The the controls (a) to the services. assesses services   promised identification of distinct performance in contract and performance of identifies distinct obligations, (b) determination obligations is  acting the Group whether the contract: in as principal Identification of distinct   performance and (c) agent an or determination of whether fixed price obligations to determine the ability for deliverables and the of the maintenance certain revenue customer to benefit independently from recognized contracts is on involves   significant using such deliverables straight-line basis the or percentage of completion method: judgement; We  selected of contracts In certain integrated services sample arrangements, and  performed the contracts with with customers following procedures: subcontractor include customers third-party services vendor or Obtained and read equipment or software In these types contract selection, of arrangements, revenue from sales of documents for each third-party vendor products or services including service master is recorded net of costs when the Group and other agreements, documents that were part of the agent is acting between the as an the vendor, agreement: customer and and gross when the Group is the principal for the Identified   significant", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 271, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0bf14f8846812781"}, {"chunk_id": "0c38f5bb933e5e6e", "content": "and other agreements, documents that were part of the agent is acting between the as an the vendor, agreement: customer and and gross when the Group is the principal for the Identified   significant In doing So, the Group first transaction terms and evaluates whether it obtains control of deliverables the contract to in the specified goods or services before it management's assess conclusions regarding the transferred is to the customer The (i) identification of distinct Group considers whether it is primarily responsible for fulfilling the promise to performance obligations (ii) provide the specified goods or services, whether the Group is acting as a inventory and (iii) risk, pricing discretion and principal agent or an whether fixed price maintenance other factors to determine whether it recognized the products controls service and is revenue on or straight-line therefore, is acting as a principal or an basis or using the percentage of completion agent; price method Fixed maintenance revenue recognized ratably either (1) on straight-line basis when services are performed indefinite through an number of repetitive acts over specified period (2) using or percentage of completion method when the pattern of benefits from the services rendered to the customer and the Group's costs to fulfil the contract period is not through the of even contract services because the are generally discrete and not in nature", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 271, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0bf14f8846812781"}, {"chunk_id": "116a257e016707ff", "content": "[OCR] Deloitte Haskins & Sells LLP Auditor's Response Audit Matter Key Sr. No. method to of recednize' the The use revenues maintenance recogrezeudgmena atenanbesed on the peomtses udgheecontract and nature of the deliverables. customers with contracts certain As involve management's judgment in (1) performance distinct identifying whether determining obligations,  (2) the Group is acting as a principal or a price fixed whether (3) and agent maintenance revenue is recognized+on the using basis or straight-line method, completion of percentage these recognition from revenue key were   identified as judgments higher required audit   matter and extent of audit effort. 2.18 the to and 1.5 Refer Notes Consolidated Financial Statements. Performed Procedures Audit Principal price Fixed Revenue   recognition included the following: of percentage the using contracts completion method Our audit procedures related to estimates is price   maintenance revenue efforts to Fixed costs total   expected or of either (1) on contracts recognized ratably fixed- price for cocludetethe ffollowingdamong others: when  services are straight-line basis included indefinite performed through an tested the effectiveness of controls repetitive acts over number of We using (2) to (1) recording of efforts specified or or period celstingctored anecestimation of efforts percentage of completion method wher costsosts of benefits from services the the pattern complete required to or the and performance customer the contract rendered to remaining Group's costs to fulfil the contract is not and access (2) and oblgatiton controls pertaining to time", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 273, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "33c6ddfba14c3053"}, {"chunk_id": "ea9806a013b0a32c", "content": "the the pattern complete required to or the and performance customer the contract rendered to remaining Group's costs to fulfil the contract is not and access (2) and oblgatiton controls pertaining to time of  contract period through the apporcition coltrotion even generally services budgeting are the and because not repetitive_ discrete in nature and systems Revenue from other fixed-price, fixed- efforts of recording to changes the where contracts, timeframe incurred. are  satisfied performance_ obligations the recognized using sample of fixed price over time selected contrelest percentage-of-completion method. measured customers with percentage-of-completion using percentage-of-completion the method and performed the following: of the Use to Group requires the method or costs the actual efforts Evaluated management's ability to determine expended to date as a proportion of the reasonably estimate the progress or costs to be estimated total efforts the satisfying Ferfor/ance costs   expended Efforts by obligation incurred_ or have been used to measure progress or costs comparing actual efforts towards completion as there is a direct year estimates of prior incurred to and input for between budgeted relationship costs efforts or of total The_estimation productivity. [OCR] Deloitte Haskins & Sells LLP Auditor's Response Key Sr, Audit Matter No. significant performance obligations that have efforts involves costs or judgement and is assessed throughout been fulfilled_ the period of the contract to reflect any changes based on the latest available Compared efforts or costs incurred", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 273, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "33c6ddfba14c3053"}, {"chunk_id": "9b5185624b440945", "content": "efforts involves costs or judgement and is assessed throughout been fulfilled_ the period of the contract to reflect any changes based on the latest available Compared efforts or costs incurred with Group's estimate of efforts or information. Provisions for estimated to date to identify losses, costs incurred uncompleted if any, on significant variations and evaluate contracts are recorded in the period in losses   become   probable which whether those variations have such considered appropriately based on the estimated efforts or costs been in estimating the remaining costs or to complete the contract: efforts to complete the contract: identified the of total We estimate efforts or costs to complete fixed Tested the estimate for price consistency using with the of contracts measured the status delivery percentage of completion method as of and milestones key audit matter as the estimation customer acceptances and sign off of total efforts or costs involves significant identify from customers to possible delays judgement and is assessed throughout achieving in milestones, which require changes the period of the contract to reflect any efforts changes based on the latest available estimated in costs to or remaining information. This estimate has high complete the performance obligations. inherent and uncertainty requires consideration of of the progress contract; efforts or costs incurred to- date and estimates of efforts or costs the   remaining complete required to contract performance obligations over the term of the contracts. This required", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 273, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "33c6ddfba14c3053"}, {"chunk_id": "c8a9707590864a87", "content": "of of the progress contract; efforts or costs incurred to- date and estimates of efforts or costs the   remaining complete required to contract performance obligations over the term of the contracts. This required a high degree of auditor evaluating judgment audit in the higher extent of audit evidence and effort to evaluate the reasonableness of the total estimated amount of revenue recognized on fixed-price contracts_ 2.18 Refer Notes 1.5 and to the Consolidated Financial Statements. Information Other than the Financial Statements and Auditor's Report Thereon The Company's Board of Directors is responsible for the preparation of the other information_ The other information comprises the information included in the Management Discussion and Analysis, Board's Report including Annexures to Board's Report, Business Responsibility and Sustainability Report, Corporate Governance and Shareholder's Information, but does not include the Consolidated Financial Statements, standalone financial statements and our auditor's report thereon. Our opinion on the Consolidated Financial Statements does not cover the other information express any form of assurance conclusion thereon. and we do not", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 273, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "33c6ddfba14c3053"}, {"chunk_id": "55041d530ae2f61a", "content": "[OCR] Deloitte Haskins & Sells LLP In connection with our audit of the Consolidated Financial Statements, our responsibility is other  information,  consider the whether the other information materially read to is inconsistent with the Consolidated Financial Statements or our knowledge obtained during the course of our audit or otherwise appears to be materially misstated_ If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact: We have nothing to report in this regard_ the  Consolidated   Financial of Directors for Responsibilities of Management and Board Statements The Company's Board of Directors is responsible for the matters stated in section 134(5) of respect to the preparation and presentation of these Consolidated Financial the Act with Statements that give a true and fair view of the consolidated financial position, consolidated financial performance including other comprehensive income, consolidated changes in equity the accounting principles in accordance cash flows of the Group and consolidated with generally accepted in India, including Ind AS specified under section 133 of the Act_ The respective Boards of Directors/Trustees of the entities included in the Group are responsible maintenance of adequate accounting records in accordance with the provisions of the for", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 274, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "af789b973cdc23f4"}, {"chunk_id": "7b42deb522518e8a", "content": "The respective Boards of Directors/Trustees of the entities included in the Group are responsible maintenance of adequate accounting records in accordance with the provisions of the for Act for safeguarding the assets of the Group and for preventing and detecting frauds and of   appropriate accounting policies; making application other irregularities; selection and judgments and estimates that are reasonable and prudent; and design, implementation and were operating effectively for maintenance of adequate internal financial controls, that the  accounting  records, the and completeness of relevant to the ensuring accuracy preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the Consolidated Financial Statements by the Directors of the Company, as aforesaid respective Financial Statements, In Consolidated the Boards of preparing the Directors/Trustees of the entities included in the Group are responsible for assessing the going concern, disclosing, as applicable, ability of the respective entities to continue as matters related to going concern and using the going concern basis of accounting unless the respective Boards of Directors either intends to liquidate their respective entities or to cease operations, or have no realistic alternative but to do so.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 274, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "af789b973cdc23f4"}, {"chunk_id": "f3abdcb933e1e623", "content": "respective Boards of Directors either intends to liquidate their respective entities or to cease operations, or have no realistic alternative but to do so. The respective Boards of Directors/ Trustees of the entities included in the Group are also responsible for overseeing the financial reporting process of the Group Auditor's Responsibilities for the Audit of the Consolidated Financial Statements Consolidated Our  objectives to obtain reasonable about whether the are assurance Financial Statements as a whole are free from material misstatement; whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance misstatement when it exists. Misstatements with SAs will always detect material can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Consolidated Financial Statements As part of an audit in accordance with SAS, we exercise professional judgment and maintain professional scepticism throughout the audit: We also: Financial Identify and assess the risks of material misstatement of the Consolidated and  perform audit procedures to fraud Statements, whether due error,  design or responsive to those risks, and obtain audit evidence that is sufficient and appropriate to", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 274, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "af789b973cdc23f4"}, {"chunk_id": "0f9e6362f1474275", "content": "[OCR] Deloitte Haskins & Sells LLP basis for our opinion. The risk of not detecting provide material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal financial control relevant to the audit in order to audit   procedures are   appropriate the Under section design that circumstances. in 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company and its subsidiary companies which are companies incorporated in India, has adequate internal financial controls with reference to Consolidated Financial Statements in place and the operating effectiveness of such controls: Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the management Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Consolidated Financial Statements or, if such disclosures are inadequate, to modify our opinion.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 276, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0abb4ad9601bb663"}, {"chunk_id": "13cb00e65c59b0d5", "content": "we are required to draw attention in our auditor's report to the related disclosures in the Consolidated Financial Statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the Consolidated Financial disclosures , Statements, including whether Consolidated Financial the and the Statements represent the underlying transactions and events in a manner that achieves fair presentation: Obtain sufficient appropriate audit evidence regarding the financial information of the opinion Consolidated the Financial Group entities within the to express an on Statements_ Materiality is the magnitude of misstatements in the Consolidated Financial Statements that, individually or in aggregate, makes it probable that the economic decisions of a reasonably be  influenced, knowledgeable of the Consolidated Financial Statements We may user consider quantitative materiality and qualitative factors in (i) planning the scope of our audit (ii) to evaluate the effect of any identified work and in evaluating the results of our work; and misstatements in the Consolidated Financial Statements. with governance of the Company and such other We communicate with those charged", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 276, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0abb4ad9601bb663"}, {"chunk_id": "545d8d6d4ce6b7e6", "content": "work and in evaluating the results of our work; and misstatements in the Consolidated Financial Statements. with governance of the Company and such other We communicate with those charged entities included in the Consolidated Financial Statements of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal financial controls that we identify during our audit: a statement that we have complied We also provide those charged with governance with with relevant ethical requirements regarding independence, and to communicate with them may   reasonably be  thought bear all relationships and other matters that to on our independence, and where applicable, related safeguards. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the Consolidated Financial Statements audit matters. We describe these matters in key of the current period and are therefore the our auditor's report unless law or regulation precludes public disclosure about the matter or when, circumstances, should extremely determine that matter not be in we rare [OCR] Deloitte Haskins & Sells LLP of would because communicated the adverse doing report consequences in our SO reasonably be expected to outweigh the public interest benefits of such communication: Report on Other Legal and Regulatory Requirements", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 276, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0abb4ad9601bb663"}, {"chunk_id": "ec996c7dfa6b50ea", "content": "of would because communicated the adverse doing report consequences in our SO reasonably be expected to outweigh the public interest benefits of such communication: Report on Other Legal and Regulatory Requirements As required by Section 143(3) of the Act, based on our audit we report that: We have sought and obtained all the information and explanations which to the best a) belief were necessary for the purposes of our audit of the of our knowledge and aforesaid Consolidated Financial Statements; In our opinion, proper books of account as required by law relating to preparation b) of the aforesaid Consolidated Financial Statements have been kept by the Group, including relevant records so far as it appears from our examination of those books Balance Sheet; the Consolidated Statement of Profit and Loss The Consolidated C) including Statement of Changes Other Comprehensive Income, Consolidated in Equity and the Consolidated Statement of Cash Flows dealt with by this Report are in agreement with the relevant books of account maintained for the purpose of preparation of the Consolidated Financial Statements. the In our opinion, the aforesaid Consolidated Financial Statements comply Ind with d) AS specified under section 133 of the Act. written  representations received from the directors  of the On the basis of the e) as on March 31, 2025 taken on record by the Board of Directors of the Company the reports of the statutory auditors of its subsidiary companies", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 276, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0abb4ad9601bb663"}, {"chunk_id": "0b13d1f0e44c6ef3", "content": "the directors  of the On the basis of the e) as on March 31, 2025 taken on record by the Board of Directors of the Company the reports of the statutory auditors of its subsidiary companies Company and incorporated in India, none of the directors of the Group companies incorporated in appointed as being India is disqualified as on March 31, 2025 from a director in terms of Section 164 (2) of the Act: With respect to the adequacy of the internal financial controls with reference to Consolidated Financial Statements and the operating effectiveness of such controls, which is based on the auditors' reports refer to our separate Report in Annexure A of the Company and its subsidiary companies incorporated in India. Our report an unmodified opinion on the adequacy and operating effectiveness of expresses reference to Consolidated Financial Statements of internal financial controls with those companies. be  included the Auditor's Report With to the other matters to in in g) respect accordance with the requirements of section 197(16) of the Act, as amended, in our opinion and to the best of our information and according to the explanations given by the Company to its directors during the year is in to US, the remuneration paid accordance with the provisions of section 197 of the Act: be  included Auditor's Report h) With the other matters to the respect in in to accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, as", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 276, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0abb4ad9601bb663"}, {"chunk_id": "3ded9043a0971831", "content": "accordance with the provisions of section 197 of the Act: be  included Auditor's Report h) With the other matters to the respect in in to accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, as amended in our opinion and to the best of our information and according to the explanations given to us: The Consolidated Financial Statements disclose the impact of pending litigations financial  position of the Group. Refer 2.24 to the the consolidated Note on Consolidated Financial Statements. The Group has made provision as required under applicable law or accounting ii) standards for material foreseeable losses. Refer Note 2.16 to the Consolidated did have derivative Group Financial Statements. The not long-term any contracts.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 276, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0abb4ad9601bb663"}, {"chunk_id": "e0fe6886ce6a5beb", "content": "[OCR] Deloitte Haskins & Sells LLP iii) There has been no delay in transferring amounts, required to be transferred, to the Investor Education and Protection Fund by the Company and its subsidiary companies incorporated in India_ iv) (a) The respective Managements f the Company and its subsidiaries which are companies incorporated in India, whose financial statements have have represented to Us that, to the best of been audited under the Act, knowledge their and belief , funds (which material either are no individually the aggregate) have been advanced or  loaned or in or from invested (either funds or share premium other borrowed or any sources or kind of funds) by the Company or any of such subsidiaries to outside the Group, including foreign or in any other person entity, or (\"Intermediaries\") , with the understanding, Whether recorded in entity writing or otherwise, that the Intermediary shall, directly or indirectly other persons entities identified lend or invest in in manner or any whatsoever by or on behalf of the Company or any of such subsidiaries (\"Ultimate Beneficiaries\") or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries_ (b) The respective Managements of the Company and its subsidiaries which are companies incorporated in India, whose financial statements have been audited under the Act; have represented to Us that, to the best of (which either their knowledge belief , funds material and no are have individually or in the aggregate)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 278, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c88bf0c7d78abd39"}, {"chunk_id": "236efaa2f9adc721", "content": "been audited under the Act; have represented to Us that, to the best of (which either their knowledge belief , funds material and no are have individually or in the aggregate) been received by the Company or or entity, including foreign of such subsidiaries from any any person entity (\"Funding Parties\"), with the understanding, whether recorded in writing or otherwise, that the Company or any of such subsidiaries shall, directly or indirectly , lend or invest in other persons or entities identified Funding behalf of in whatsoever by Party the any manner or on (\"Ultimate Beneficiaries\") or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries have Based on the audit procedures that been considered reasonable and (c) appropriate in the circumstances performed bY us on the Company and companies India whose subsidiaries which incorporated in its are financial statements have been audited under the Act, nothing has come to our notice that has caused us to believe that the representations under sub-clause (i) and (ii) of Rule 11(e), as provided under (a) and (b) above, contain any material misstatement. As stated in Note 2.12.3 to the Consolidated Financial Statements The final dividend proposed in the previous year, declared and by the paid Company during the year is in accordance with Section 123 of the Act, as applicable. The interim dividend declared and paid by the Company during the year and b,", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 278, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c88bf0c7d78abd39"}, {"chunk_id": "e03eaa76b254a19f", "content": "by the paid Company during the year is in accordance with Section 123 of the Act, as applicable. The interim dividend declared and paid by the Company during the year and b, until the date of this report is in compliance with Section 123 of the Act: The Board of Directors of the Company have proposed final dividend for the year which is subject to the approval of the members at the ensuing Annual General Meeting: The amount of dividend is in accordance with proposed section 123 of the Act, as applicable. Based on our examination which included test checks, performed by US on the Company and its subsidiaries incorporated in India, except for the instances mentioned below, have used accounting software systems for maintaining their respective books of account for the financial year ended March 31, 2025 which [OCR] Deloitte Haskins & Sells LLP have the feature of recording audit trail (edit log) facility and the same has operated throughout the recorded year for all relevant  transactions the in software systems. Further, during the course of audit, we have not come across being with. Additionally, the any instance of the audit trail feature tampered Parent Company been  preserved by audit trail has the and above referred subsidiary companies incorporated in India as per the statutory requirements for record retention. The   financial of   five   subsidiaries to the statements that not material are Consolidated Financial Statements of the Group, have not been audited under", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 278, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c88bf0c7d78abd39"}, {"chunk_id": "d5685293e932c6ff", "content": "as per the statutory requirements for record retention. The   financial of   five   subsidiaries to the statements that not material are Consolidated Financial Statements of the Group, have not been audited under the provisions of the Act as of the date of this report. Therefore, we are unable to comment on the reporting requirement under Rule 11 (g) of the Companies (Audit and Auditors) Rules, 2014 in respect of these five subsidiaries. matters specified in paragraphs 3(xxi) and With respect to the of the Companies (Auditor's Report) Order , 2020 (the \"Order\"/ \"CARO\") issued by the Central Government in terms of Section 143(11) of the Act; to be included in the Auditor's report, according to the information and explanations given to US, and based on the Auditor's Reports on the financial statements of Company and its subsidiaries as at and for the year ended March 31, 2025, included in the Consolidated Financial Statements of the Group, we report in respect of those companies where audits have been completed under section 143 of the Act, we have not reported any qualifications or adverse remarks. In respect of the following of the included consolidated in the financial statements company Company, whose audit under section 143 of the Act has not yet been completed, the CARO report as applicable in respect of this subsidiary is not available: Name of the Company Relationship CIN Subsidiary Idunn Information Technology Private U74900KA2O12PTCO63260", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 278, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c88bf0c7d78abd39"}, {"chunk_id": "66ddbc7940d382e5", "content": "the CARO report as applicable in respect of this subsidiary is not available: Name of the Company Relationship CIN Subsidiary Idunn Information Technology Private U74900KA2O12PTCO63260 Limited (formerly known as Danske IT Support and Services India Private Limited_ InSemi  Technology Subsidiary U72200KA2013PTC069109 Services Private Limited Elbrus Labs Private Limited U72200DL2018PTC339939 Subsidiary in-tech Group India Private Limited Subsidiary U72900KL2O22FTCO76055 For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm's Registration No. 117366W/W-100018) ( Vikas Bagaria Partner (Membership No.060408) UDIN: Place: Bengaluru Date: April 17, 2025", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 278, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c88bf0c7d78abd39"}, {"chunk_id": "c79dcdd3310deaa7", "content": "[OCR] Deloitte Haskins & Sells LLP ANNEXURE \"A\" TO THE INDEPENDENT AUDITOR'S REPORT (Referred to in paragraph 1(f) under Report on Other Legal and Regulatory Requirements' section of our report to the Members of Infosys Limited of even date) Controls with reference Consolidated Financial Internal Report the Financial to on Statements under Clause (i) of sub-section 3 of Section 143 of the Companies Act, 2013 (the Act\") conjunction with our audit of the Consolidated Financial Statements of the Company as In of and for the year ended March 31, 2025, we have audited the internal financial controls to Consolidated of INFOSYS LIMITED (hereinafter with  reference Financial Statements the \"Company\") its   subsidiary are   companies referred and companies, which to as incorporated in India, as of that date Management's and Board of Directors' Responsibilities for Internal Financial Controls The respective Company's management and Boards of Directors of the Company and its India, subsidiary companies, companies incorporated are   responsible for which in are establishing and maintaining internal financial controls based on the internal control over financial reporting criteria established by the respective Companies considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 280, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6155869f1b184c9b"}, {"chunk_id": "7cc7f24195582a7e", "content": "components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India (the \"ICAI\") These responsibilities include the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the orderly efficient conduct of its business, including adherence to the respective company's and policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness f the accounting records, and the timely preparation of reliable financial information, as required under the Act: Auditor's Responsibility Our responsibility is to express an opinion on the internal financial controls with reference to Consolidated Financial Statements of the Company and its subsidiary companies, which in India, We conducted audit in are   companies incorporated based audit; on our our accordance with the Guidance Note on Audit of Internal Financial Controls Over Financial issued by the Institute of Chartered Accountants of India Reporting (the Guidance Note (\"ICAI\") and the Standards on Auditing, prescribed under Section 143(10) of the Act, to the extent applicable to an audit of internal financial controls with reference to Consolidated Those Standards and the Guidance Note require that we comply with Financial Statements", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 280, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6155869f1b184c9b"}, {"chunk_id": "3ce6d1a2ebccfba5", "content": "extent applicable to an audit of internal financial controls with reference to Consolidated Those Standards and the Guidance Note require that we comply with Financial Statements ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate financial reference internal controls with Consolidated Financial to Statements was established and maintained and if such controls operated effectively in all material respects. Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls with reference to Consolidated Financial Statements and their operating   effectiveness financial of controls reference audit internal Our with to Consolidated Financial Statements included obtaining an understanding of internal financial Financial Statements, assessing controls with reference Consolidated the risk that to material weakness exists, and testing and evaluating the design and operating effectiveness The procedures selected depend of internal control based on the on the assessed risk. auditor's judgement; including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error_ We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the internal financial controls with reference to Consolidated [OCR] Deloitte Haskins & Sells LLP", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 280, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6155869f1b184c9b"}, {"chunk_id": "de6c87a47fce38b5", "content": "a basis for our audit opinion on the internal financial controls with reference to Consolidated [OCR] Deloitte Haskins & Sells LLP Financial Statements of the Company and its subsidiary companies, which are companies incorporated in India. Meaning of Internal Financial Controls with reference to Consolidated Financial Statements A company's internal financial control with reference to Consolidated Financial Statements process designed to provide reasonable assurance regarding the reliability of financial is a reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal financial control with reference to Consolidated Financial Statements includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly provide of the (2) reflect the transactions and dispositions of the assets company; reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that expenditures of the are   being accordance made only in with receipts and company authorisations of management and directors of the company; and (3) provide reasonable assurance regarding prevention of unauthorised acquisition, or timely detection use, or financial material  effect of the company's assets that could have the disposition on statements;", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 280, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6155869f1b184c9b"}, {"chunk_id": "e1f590671a5ff5dd", "content": "assurance regarding prevention of unauthorised acquisition, or timely detection use, or financial material  effect of the company's assets that could have the disposition on statements; Inherent Limitations of Internal Financial Controls with reference to Consolidated Financial Statements with reference of inherent   limitations of internal financial controls to Because the Financial   Statements,  including possibility the of collusion improper Consolidated or management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any evaluation of the internal financial controls with reference to Consolidated Financial Statements to future periods are subject to the risk that the internal financial control with reference to Consolidated Financial Statements may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate_ Opinion In our opinion and to the best of our information and according to the explanations given to US, the Company and its subsidiary companies, which are companies incorporated in India, have, in all material respects, an adequate internal financial controls system with reference to Consolidated Financial Statements and such internal financial controls with reference to Consolidated Financial Statements were operating effectively as at March 31, 2025, based Consolidated reference with to Financial the criteria for", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 280, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6155869f1b184c9b"}, {"chunk_id": "e10f15194f56a6d8", "content": "Consolidated Financial Statements were operating effectively as at March 31, 2025, based Consolidated reference with to Financial the criteria for internal financial control on Statements established by the respective companies considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the ICAI. For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm's Registration No. 117366W/W-100018) MMO Bagaria Partner (Membership No.060408) UDIN: Place: Bengaluru Date: April 17, 2025", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 280, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6155869f1b184c9b"}, {"chunk_id": "47a2f97d53119f96", "content": "for the year ended March 31, 2025 Consolidated Balance Sheet …………………………………………………………………………………………………………………….. 1 Consolidated Statement of Profit and Loss …………………………………………………………………………………………………………………….. 2 Consolidated Statement of Changes in Equity …………………………………………………………………………………………………………………….. 3 Consolidated Statement of Cash Flows …………………………………………………………………………………………………………………….. 5 Overview and notes to the consolidated financial statements 1.1 Company overview …………………………………………………………………………………………………………………….. 7 1.2 Basis of preparation of financial statements ………………………………………………………………………………………………………………… 7 1.3 Basis of consolidation …………………………………………………………………………………………………………………….. 7 1.4 Use of estimates and judgments …………………………………………………………………………………………………………………….. 7 1.5 Critical accounting estimates and judgments………………………………………………………………………………………………………………… 7 2. Notes to the consolidated financial statements 2.1 Business Combinations ……………………………………………………………………………………………………………………………………… 9 2.2 Property, plant and equipment …………………………………………………………………………………………………………………….. 11 2.3 Capital work-in-progress….........................................................................................................................................................12 2.4 Goodwill and intangible assets…………………………………………………………………………………………………………………….. 13 2.5 Investments …………………………………………………………………………………………………………………………………………….. 15", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 282, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8c5cc816b197c954"}, {"chunk_id": "aec7ed29cb820f57", "content": "2.4 Goodwill and intangible assets…………………………………………………………………………………………………………………….. 13 2.5 Investments …………………………………………………………………………………………………………………………………………….. 15 2.6 Loans …………………………………………………………………………………………………………………………………………….. 17 2.7 Other financial assets ………………………………………………………………………………………………………………………………………… 17 2.8 Trade receivables …………………………………………………………………………………………………………………………………………… 17 2.9 Cash and cash equivalents …………………………………………………………………………………………………………………………………… 19 2.10 Other assets …………………………………………………………………………………………………………………………………………….. 19 2.11 Financial instruments ……………………………………………………………………………………………………………………………………… 20 2.12 Equity …………………………………………………………………………………………………………………………………………….. 28 2.13 Other financial liabilities …………………………………………………………………………………………………………………………………… 33 2.14 Trade Payables ………………….......……………………………………………………………………………………......... 33 2.15 Other liabilities ……………………………………………………………………………………………………………………………………………. 33 2.16 Provisions …………………………………………………………………………………………………………………………………………….. 34 2.17 Income taxes …………………………………………………………………………………………………………………………………………….. 35 2.18 Revenue from operations …………………………………………………………………………………………………………………………………… 38 2.19 Other income, net …………………………………………………………………………………………………………………………………………… 40 2.20 Expenses …………………………………………………………………………………………………………………………………………….. 40 2.21 Leases …………………………………………………………………………………………………………………………………………….. 41", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 282, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8c5cc816b197c954"}, {"chunk_id": "bb009ffbeaeab759", "content": "40 2.20 Expenses …………………………………………………………………………………………………………………………………………….. 40 2.21 Leases …………………………………………………………………………………………………………………………………………….. 41 2.22 Employee benefits …………………………………………………………………………………………………................... 43 2.23 Earnings per equity share …………………………………………………………………………………………………………………………………… 48 2.24 Contingent liabilities and commitments  …………………………………………………………………………………....49 2.25 Related party transactions …………………………………………………………………………………………………………………………………… 50 2.26 Segment reporting …………………………………………………………………………………………………………………………………………… 56 2.27 Function wise classification of Consolidated Statement of Profit and Loss ………………………………………………………………………………… 57 (In ₹ crore ) Consolidated Balance Sheets as at Note No. March 31, 2025 March 31, 2024 ASSETS Non-current assets Property, plant and equipment 2.2 11,778                               12,370 Right-of-use assets 2.21 6,311                                 6,552 Capital work-in-progress 2.3 814                                    293 Goodwill 2.4.1 and 2.1 10,106                                 7,303 Other intangible assets 2.4.2 2,766                                 1,397 Financial assets Investments 2.5 11,059                               11,708 Loans 2.6 16                                      34 Other financial assets 2.7 3,511                                 3,105 Deferred tax assets (net) 2.17 1,108                                    454 Income tax assets (net) 2.17", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 282, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8c5cc816b197c954"}, {"chunk_id": "bc42ca6e3922f760", "content": "16                                      34 Other financial assets 2.7 3,511                                 3,105 Deferred tax assets (net) 2.17 1,108                                    454 Income tax assets (net) 2.17 1,622                                 3,045 Other non-current assets 2.10 2,713                                 2,121 Total non-current assets 51,804                               48,382 Current assets Financial assets Investments 2.5 12,482                               12,915 Trade receivables 2.8 31,158                               30,193 Cash and cash equivalents 2.9 24,455                               14,786 Loans 2.6 249                                    248 Other financial assets 2.7 13,840                               12,085 Income tax assets (net) 2.17 2,975                                 6,397 Other current assets 2.10 11,940                               12,808 Total current assets 97,099                               89,432 Total assets 148,903                             137,814 EQUITY AND LIABILITIES Equity 2.12 2,073                                 2,071 Other equity 93,745                               86,045 Total equity attributable to equity holders of the Company 95,818                               88,116 Non-controlling interests 385                                    345 Total equity 96,203                               88,461 Liabilities Non-current liabilities Financial Liabilities Lease liabilities 2.21 5,772                                 6,400 Other financial liabilities 2.13", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 282, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8c5cc816b197c954"}, {"chunk_id": "d1b1e85b0e4c9e86", "content": "Total equity 96,203                               88,461 Liabilities Non-current liabilities Financial Liabilities Lease liabilities 2.21 5,772                                 6,400 Other financial liabilities 2.13 2,141                                 2,130 Deferred tax liabilities (net) 2.17 1,722                                 1,794 Other non-current liabilities 2.15 215                                    235 Total non-current liabilities 9,850                               10,559 Current liabilities Financial Liabilities", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 282, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8c5cc816b197c954"}, {"chunk_id": "95ca41ec2be3b5f9", "content": "Lease liabilities 2.21 2,455                                 1,959 Trade payables 2.14 4,164                                 3,956 Other financial liabilities 2.13 18,138                               16,959 Other current liabilities 2.15 11,765                               10,539 Provisions 2.16 1,475                                 1,796 Income tax liabilities (net) 2.17 4,853                                 3,585 Total current liabilities 42,850                               38,794 Total equity and liabilities 148,903                             137,814 The accompanying notes form an integral part of the consolidated financial statements As per our report of even date attached for Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited Chartered Accountants Firm’s Registration No : 117366W/ W-100018 Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director Membership No. 060408 DIN: 00041245 and Managing Director DIN: 00019437 Bengaluru Jayesh Sanghrajka A.G.S. Manikantha April 17, 2025 Chief Financial Officer Company Secretary Membership No. A21918 Consolidated Statement of Profit and Loss for the (In ₹ crore, except equity share and per equity share data) Note No. 2025 2024 Revenue from operations 2.18 162,990                 153,670 Other income, net 2.19 3,600                     4,711 Total income 166,590                 158,381 Expenses Employee benefit expenses 2.22 85,950                   82,620 Cost of technical sub-contractors", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 284, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "98cca1983047a4f3"}, {"chunk_id": "24f237f2c0dc967d", "content": "Other income, net 2.19 3,600                     4,711 Total income 166,590                 158,381 Expenses Employee benefit expenses 2.22 85,950                   82,620 Cost of technical sub-contractors 12,937                   12,232 Travel expenses 1,894                     1,759 Cost of software packages and others 2.20 15,911                   13,515 Communication expenses 620                        677 Consultancy and professional charges 1,655                     1,726 Depreciation and amortization expenses 2.2, 2.4.2 and 2.21 4,812                     4,678 Finance cost 416                        470 Other expenses 2.20 4,787                     4,716 Total expenses 128,982                 122,393 Profit before tax 37,608                   35,988 Tax expense: Current tax 2.17 12,130                     8,390 Deferred tax 2.17 (1,272)                     1,350 Profit for the period 26,750                   26,248 Other comprehensive income Items that will not be reclassified subsequently to profit or loss Remeasurement of the net defined benefit liability/asset, net 2.22 (92) 120 Equity instruments through other comprehensive income, net 2.5 19                          19 (73) 139 Items that will be reclassified subsequently to profit or loss Fair value changes on derivatives designated as cash flow hedge, net 2.11 (24) 11 357                        226 Fair value changes on investments, net 2.5 199                        144 532                        381", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 284, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "98cca1983047a4f3"}, {"chunk_id": "1bb0c240f18f0b9c", "content": "2.11 (24) 11 357                        226 Fair value changes on investments, net 2.5 199                        144 532                        381 Total other comprehensive income /(loss), net of tax 459                        520 Exchange differences on translation of foreign operations Total comprehensive income for the period 27,209                   26,768 Profit attributable to: Owners of the Company 26,713                   26,233 Non-controlling interests 37                          15 26,750                   26,248 Total comprehensive income attributable to: Owners of the Company 27,167                   26,754 Non-controlling interests 42                          14 27,209                   26,768 Earnings per equity share Equity shares of par value ₹5/- each Basic (₹) 2.23 64.50                     63.39 Diluted (₹) 2.23 64.34                     63.29 Weighted average equity shares used in computing earnings per equity share Basic (in shares) 2.23 4,141,611,738       4,138,568,090 Diluted (in shares) 2.23 4,152,051,184       4,144,680,425 The accompanying notes form an integral part of the consolidated financial statements As per our report of even date attached for Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited Chartered Accountants Firm’s Registration No : 117366W/ W-100018 Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director Membership No. 060408 DIN: 00041245 and Managing Director DIN: 00019437", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 284, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "98cca1983047a4f3"}, {"chunk_id": "d6006a0634aea466", "content": "Firm’s Registration No : 117366W/ W-100018 Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director Membership No. 060408 DIN: 00041245 and Managing Director DIN: 00019437 Bengaluru Jayesh Sanghrajka A.G.S. Manikantha April 17, 2025 Chief Financial Officer Company Secretary Membership No. A21918 Consolidated Statement of Changes in Equity (In ₹ crore) Particulars OTHER EQUITY Reserves & Surplus Equity Share Options Outstanding Equity instruments through other comprehensive Other comprehensive income Exchange differences on translating the Effective portion of Cash Flow to equity holders of financial statements of a foreign operation Balance as at  April 1, 2023 2,069                54              169             166        58,957          1,054                878        10,014               19 247                     2,325                    (5)                   (540)          75,407               388          75,795 Changes in equity for the year ended March 31, 2024 Profit for the period —                —                —               —        26,233               —                 —               —               — —                          —                    —                      —          26,233                 15          26,248 Remeasurement of the net defined benefit liability/asset, net* (Refer to Note 2.22) —                —                —               —               —               —                 —               —               —", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 284, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "98cca1983047a4f3"}, {"chunk_id": "6f23b4ea82eddfdd", "content": "—                —                —               —               —               —                 —               —               — —                          —                    —                    120               120                 —               120 Equity instruments through other comprehensive income, net* (Refer to Notes 2.5 and 2.17) —                —                —               —               —               —                 —               —               — 19                          —                    —                      —                 19                 —                 19", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 284, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "98cca1983047a4f3"}, {"chunk_id": "9851d4dc1aeafd16", "content": "Fair value changes on derivatives designated as cash flow hedge, net* (Refer to Note 2.11) —                —                —               —               —               —                 —               —               — —                          —                    11                      —                 11                 —                 11 Exchange differences on translation of foreign operations —                —                —               —               —               —                 —               —               — —                        227                    —                      —               227                 (1)               226 Fair value changes on investments, net* (Refer to Notes 2.5 and 2.17) —                —                —               —               —               —                 —               —               — —                          —                    —                    144               144                 —               144 Total Comprehensive income for the period —                —                —               —        26,233               —                 —               —               — 19                        227                    11                    264          26,754                 14          26,768 Shares issued on exercise of employee stock options (Refer to Note 2.12)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 285, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7956d073054cfab6"}, {"chunk_id": "d07afab22759d0b6", "content": "19                        227                    11                    264          26,754                 14          26,768 Shares issued on exercise of employee stock options (Refer to Note 2.12) 2                —                —                 3               —               —                 —               —               — —                          —                    —                      —                  5                 —                  5 Employee stock compensation expense (Refer to Note 2.12) —                —                —               —               —               —                639               —               — —                          —                    —                      —               639                 —               639 Transferred on account of exercise of stock options (Refer to note 2.12) —                —                —             447               —               —              (447)               —               — —                          —                    —                      —                 —                 —                 — Transferred on account of options not exercised —                —                —               —               —             160              (160)               —               — —                          —                    —                      —                 —                 —                 —", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 285, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7956d073054cfab6"}, {"chunk_id": "9009290ce2061332", "content": "—                          —                    —                      —                 —                 —                 — Income tax benefit arising on exercise of stock options —                —                —               —               —               —                   3               —               — —                          —                    —                      —                  3                 —                  3 Transfer to legal reserve —                —                —               —               (3)               —                 —               —                 3 —                          —                    —                      —                 — — Dividends (1) —                —                —               —       (14,692)               —                 —               —               — —                          —                    —                      —        (14,692)                 —        (14,692) Dividends paid to non controlling interest of subsidiary —                —                —               —               —               —                 —               —               — —                          —                    —                      —                 —               (39)               (39) Buyback of shares pertaining to non controlling interest of subsidiary", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 285, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7956d073054cfab6"}, {"chunk_id": "7bd722c7287c30dc", "content": "—                          —                    —                      —                 —               (39)               (39) Buyback of shares pertaining to non controlling interest of subsidiary —                —                —               —               —               —                 —               —               — —                          —                    —                      —                 —               (18)               (18) Transferred to Special Economic Zone Re-investment reserve —                —                —               —         (2,957)               —                 —          2,957               — —                          —                    —                      —                 —                 —                 — Transferred from Special Economic Zone Re-investment reserve on utilization —                —                —               —             867               —                 —           (867)               — —                          —                    —                      —                 —                 —                 — Balance as at March 31, 2024 2,071                54              169             616        68,405          1,214                913        12,104               22 266                     2,552                      6                   (276)          88,116               345          88,461", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 285, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7956d073054cfab6"}, {"chunk_id": "51f56428b9de05f0", "content": "266                     2,552                      6                   (276)          88,116               345          88,461 Consolidated Statement of Changes in Equity (contd.) Other comprehensive income Share Options Outstanding Equity instruments through other comprehensive Exchange differences on translating the Effective portion of Cash Flow to equity holders of financial statements of a foreign operation Balance as at April 1, 2024 2,071                54              169             616        68,405          1,214                913        12,104               22 266                     2,552                      6                   (276)          88,116               345          88,461 Changes in equity for the year ended March 31, 2025 Profit for the period —                —                —               —        26,713               —                 —               —               — —                          —                    —                      —          26,713                 37          26,750 Remeasurement of the net defined benefit liability/asset, net* (Refer to Note 2.22) —                —                —               —               —               —                 —               —               — —                          —                    —                     (92)               (92)                 —               (92)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 285, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7956d073054cfab6"}, {"chunk_id": "bc76821ef903fddb", "content": "Equity instruments through other comprehensive income, net* (Refer to Notes 2.5 and 2.17) —                —                —               —               —               —                 —               —               — 19                          —                    —                      —                 19                 —                 19 Fair value changes on derivatives designated as cash flow hedge, net* (Refer to Note 2.11) —                —                —               —               —               —                 —               —               — —                          —                   (24)                      —               (24)                 —               (24) Exchange differences on translation of foreign operations —                —                —               —               —               —                 —               —               — —                        352                    —                      —               352                  5               357 Fair value changes on investments, net* (Refer to Notes 2.5 and 2.17) —                —                —               —               —               —                 —               —               — —                          —                    —                    199               199                 —               199 Total Comprehensive income for the period", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 285, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bd2420f5186d04ae"}, {"chunk_id": "29d0e967423c844a", "content": "—                          —                    —                    199               199                 —               199 Total Comprehensive income for the period —                —                —               —        26,713               —                 —               —               — 19                        352                   (24) 107          27,167                 42          27,209 Shares issued on exercise of employee stock options (Refer to Note 2.12) 2                —                —                 4               —               —                 —               —               — —                          —                    —                      —                  6                 —                  6 Employee stock compensation expense (Refer to Note 2.12) —                —                —               —               —               —                785               —               — —                          —                    —                      —               785                 —               785 Transferred on account of exercise of stock options (Refer to Note 2.12) —                —                —             471               —               —              (471)               —               — —                          —                    —                      —                 —                 —                 —", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 285, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bd2420f5186d04ae"}, {"chunk_id": "d1e3b1edd2d6a101", "content": "—                          —                    —                      —                 —                 —                 — Transferred on account of options not exercised —                —                —               —               —             198              (198)               —               — —                          —                    —                      —                 —                 —                 — Income tax benefit arising on exercise of stock options —                —                —               —               —               —                 39               —               — —                          —                    —                      —                 39                 —                 39 Transfer to legal reserve —                —                —               —               (2)               —                 —               —                 2 —                          —                    —                      —                 —                 —                 — Dividends (1) —                —                —               —       (20,295)               —                 —               —               — —                          —                    —                      —        (20,295)                 —        (20,295) Dividends paid to non controlling interest of subsidiary", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 285, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bd2420f5186d04ae"}, {"chunk_id": "36f43c78ba79af8d", "content": "—                          —                    —                      —        (20,295)                 —        (20,295) Dividends paid to non controlling interest of subsidiary —                —                —               —               —               —                 —               —               — —                          —                    —                      —                 —                 (2)                 (2) Transferred to Special Economic Zone Re-investment reserve —                —                —               —             (74)               —                 —               74               — —                          —                    —                      —                 —                 —                 — Transferred from Special Economic Zone Re-investment reserve to retained earnings —                —                —               —          2,999               —                 —         (2,999)               — —                          —                    —                      —                 —                 —                 — Transferred from Special Economic Zone Re-investment reserve on utilization —                —                —               —             881               —                 —           (881)               —", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 285, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bd2420f5186d04ae"}, {"chunk_id": "08a56d9d20322b28", "content": "—                —                —               —             881               —                 —           (881)               — —                          —                    —                      —                 —                 —                 — Balance as at March 31, 2025 2,073                54              169          1,091        78,627          1,412             1,068          8,298               24 285                     2,904                   (18)                   (169)          95,818               385          96,203 * Net of tax (1) Net of treasury shares (2)The Special Economic Zone Re-investment Reserve has been created out of the profit of eligible SEZ units in terms of the provisions of Sec 10AA(1)(ii) of Income Tax Act, 1961. The reserve should be utilized by the Group for acquiring new plant and machinery for the purpose of its business in the terms of the Sec 10AA(2) of the Income Tax Act, 1961. (3)Under the Swiss Code of Obligation, few subsidiaries of Infosys Consulting are required to appropriate a certain percentage of the annual profit to legal reserve which may be used only to cover losses or for measures designed to sustain the Company through difficult times, to prevent unemployment or to mitigate its consequences. The accompanying notes form an integral part of the consolidated financial statements. As per our report of even date attached", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 285, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bd2420f5186d04ae"}, {"chunk_id": "33eef215559d760b", "content": "Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director Membership No. 060408 DIN: 00041245 and Managing Director DIN: 00019437 DIN: 01876159 Bengaluru Jayesh Sanghrajka A.G.S. Manikantha April 17, 2025 Chief Financial Officer Company Secretary Membership No. A21918 INFOSYS LIMITED AND SUBSIDIARIES Consolidated Statement of Cash Flows Cash flows are reported using the indirect method, whereby profit for the period is adjusted for the effects of transactions of a non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments and item of income or expenses associated with investing or financing cash flows. The cash flows from operating, investing and financing activities of the Group are segregated. The Group considers all highly liquid investments that are readily convertible to known amounts of cash to be cash equivalents. (In ₹ crore) Particulars Note No. 2025 2024 Cash flow from operating activities Profit for the year 26,750                                   26,248 Adjustments to reconcile net profit to net cash provided by operating activities: Income tax expense 2.17 10,858                                      9,740 Depreciation and amortization 2.2, 2.4.2 and 2.21                                 4,812                                      4,678 2.19 (2,570)                                    (2,067) Finance cost 416                                         470", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 286, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c677511656b37b2e"}, {"chunk_id": "5542f647cd9f62e7", "content": "2.19 (2,570)                                    (2,067) Finance cost 416                                         470 Impairment loss recognized / (reversed) under expected credit loss model 48                                         121 Exchange differences on translation of assets and liabilities, net 79                                           76 Stock compensation expense 2.12 802                                         652 Interest receivable on income tax refund (327)                                    (1,934) Provision for post sale client support (110)                                           75 Other adjustments 833                                      1,464 Changes in assets and liabilities Interest and dividend income Trade receivables and unbilled revenue (1,769)                                    (2,667) Loans, other financial assets and other assets (1,024)                                    (1,172) Trade payables 176                                           91 Other financial liabilities, other liabilities and provisions 2,322                                    (1,334) Cash generated from operations 41,296                                   34,441 Income taxes paid (5,602)                                    (9,231) Net cash generated by operating activities 35,694                                   25,210 Cash flows from investing activities (2,237)                                    (2,201) Deposits placed with corporation", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 286, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c677511656b37b2e"}, {"chunk_id": "6df6b0877882ba86", "content": "Net cash generated by operating activities 35,694                                   25,210 Cash flows from investing activities (2,237)                                    (2,201) Deposits placed with corporation (1,225)                                       (847) Redemption of deposits placed with Corporation 776                                         710 2,040                                      1,768 2.1 (3,155)                                           — Payment of contingent consideration pertaining to acquisition of business —                                       (101) Other receipts 10                                         128 Expenditure on property, plant and equipment and intangibles Interest and dividend received Payment towards acquisition of business, net of cash acquired Tax free bonds and government bonds (2)                                           — Liquid mutual fund units (73,048)                                  (66,191) Certificates of deposit (6,978)                                    (8,509) Commercial papers (6,403)                                  (10,387) Non-convertible debentures (3,240)                                    (1,526) Other investments (60)                                         (14) Proceeds on sale of investments Payments to acquire investments Tax free bonds and government bonds 109                                         150 Liquid mutual funds units 73,987                                   64,767 Certificates of deposit", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 286, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c677511656b37b2e"}, {"chunk_id": "d68f02dff0baf42f", "content": "Payments to acquire investments Tax free bonds and government bonds 109                                         150 Liquid mutual funds units 73,987                                   64,767 Certificates of deposit 6,688                                      9,205 Commercial papers 7,735                                      6,479 Non-convertible debentures 2,591                                      1,230 Government securities 455                                         304 Equity and preference securities —                                           26 Other investments 11                                           — Net cash used in from investing activities (1,946)                                    (5,009)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 286, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c677511656b37b2e"}, {"chunk_id": "6c179640c38ac031", "content": "Cash flows from financing activities Payment of lease liabilities (2,355)                                    (2,024) Payment of dividends (20,287)                                  (14,692) Loan repayment of in-tech Holding GmbH (Refer to Note 2.1) (985)                                           — Payment of dividend to non-controlling interest of subsidiary (2)                                         (39) Payment towards buyback of shares pertaining to non controlling interest of subsidiary —                                         (18) Shares issued on exercise of employee stock options 6                                             5 Other payments (538)                                       (736) Net cash used in financing activities (24,161)                                  (17,504) Net increase / (decrease) in cash and cash equivalents 9,587                                      2,697 Effect of exchange rate changes on cash and cash equivalents 82                                         (84) Cash and cash equivalents at the beginning of the period 2.9 14,786                                   12,173 Cash and cash equivalents at the end of the period 2.9 24,455                                   14,786 Supplementary information: Restricted cash balance 2.9 424                                         348 The accompanying notes form an integral part of the consolidated financial statements As per our report of even date attached", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 288, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5fa261c09d27fba0"}, {"chunk_id": "3bd4ca2e1a6debb8", "content": "Restricted cash balance 2.9 424                                         348 The accompanying notes form an integral part of the consolidated financial statements As per our report of even date attached for Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited Chartered Accountants Firm’s Registration No : 117366W/ W-100018 Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director Membership No. 060408 DIN: 00041245 and Managing Director DIN: 00019437 Bengaluru Jayesh Sanghrajka A.G.S. Manikantha April 17, 2025 Chief Financial Officer Company Secretary Membership No. A21918 INFOSYS LIMITED AND SUBSIDIARIES Overview and notes to the Consolidated Financial Statements Infosys Limited ('the Company' or Infosys) provides consulting, technology, outsourcing and next-generation digital services, to enable clients to execute strategies for their digital transformation. Infosys strategic objective is to build a sustainable organization that remains relevant to the agenda of clients, while creating growth opportunities for employees and generating profitable returns for investors. Infosys strategy is to be a navigator for our clients as they ideate, plan and execute on their journey to a digital future. Infosys together with its subsidiaries and controlled trusts is hereinafter referred to as the \"Group\".", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 288, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5fa261c09d27fba0"}, {"chunk_id": "e5c4a5a27c4a1f30", "content": "plan and execute on their journey to a digital future. Infosys together with its subsidiaries and controlled trusts is hereinafter referred to as the \"Group\". The Company is a public limited company incorporated and domiciled in India and has its registered office at Electronics city, Hosur Road, Bengaluru 560100, Karnataka, India. The Company has its primary listings on the BSE Ltd. and National Stock Exchange of India Limited. The Company’s American Depositary Shares (ADS) representing equity shares are listed on the New York Stock Exchange (NYSE). The Group's consolidated financial statements are approved for issue by the Company's Board of Directors on April 17, 2025. 1.2 Basis of preparation of financial statements These consolidated financial statements are prepared in accordance with the provisions of the Companies Act, 2013 (''the Act''), guidelines issued by the Securities and Exchange Board of India (SEBI) and Indian Accounting Standard (Ind AS) under the historical cost convention on accrual basis except for certain financial instruments which are measured at fair values and defined benefit liability/(asset) which is recognized at the present value of defined benefit obligation less fair value of plan assets. The Ind AS are prescribed under Section 133 of the Act read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules issued thereafter.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 288, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5fa261c09d27fba0"}, {"chunk_id": "703eec01e0e1de23", "content": "The Ind AS are prescribed under Section 133 of the Act read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules issued thereafter. Accounting policies have been consistently applied except where a newly issued accounting standard is initially adopted or a revision to an existing accounting standard requires a change in the accounting policy hitherto in use. The material accounting policy information used in preparation of the audited consolidated financial statements have been discussed in the respective notes. As the year-end figures are taken from the source and rounded to the nearest digits, the figures reported for the previous quarters might not always add up to the year-end figures reported in this statement. 1.3 Basis of consolidation Infosys consolidates entities which it owns or controls. The consolidated financial statements comprise the financial statements of the Company, its controlled trusts and its subsidiaries. Control exists when the parent has power over the entity, is exposed, or has rights to variable returns from its involvement with the entity and has the ability to affect those returns by using its power over the entity. Power is demonstrated through existing rights that give the ability to direct relevant activities, those which significantly affect the entity's returns.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 288, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5fa261c09d27fba0"}, {"chunk_id": "dbd4ab0d24de917b", "content": "Power is demonstrated through existing rights that give the ability to direct relevant activities, those which significantly affect the entity's returns. Subsidiaries are consolidated from the date control commences until the date control ceases. The financial statements of the Group companies are consolidated on a line-by-line basis and intra-group balances and transactions including unrealized gain / loss from such transactions are eliminated upon consolidation. These financial statements are prepared by applying uniform accounting policies in use at the Group. Non-controlling interests which represent part of the net profit or loss and net assets of subsidiaries that are not, directly or indirectly, owned or controlled by the Company, are excluded. Refer to Note 2.25 for the list of subsidiaries and controlled trusts of the Company 1.4 Use of estimates and judgments", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 288, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5fa261c09d27fba0"}, {"chunk_id": "9b8e13dcecd5135e", "content": "The preparation of the consolidated financial statements in conformity with Ind AS requires the Management to make estimates, judgments and assumptions. These estimates, judgments and assumptions affect the application of accounting policies and the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the consolidated financial statements and reported amounts of revenues and expenses during the period. The application of accounting policies that require critical accounting estimates involving complex and subjective judgments and the use of assumptions in these financial statements have been disclosed in Note no. 1.5 . Accounting estimates could change from period to period. Actual results could differ from those estimates. Appropriate changes in estimates are made as Management becomes aware of changes in circumstances surrounding the estimates. Changes in estimates and judgements are reflected in the consolidated financial statements in the period in which changes are made and, if material, their effects are disclosed in the notes to the consolidated financial statements. 1.5 Critical accounting estimates and judgments a. Revenue recognition The Group’s contracts with customers include promises to transfer multiple products and services to a customer. Revenues from customer contracts are", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 289, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "74d1b0eeef9c67bb"}, {"chunk_id": "8e73813101d88783", "content": "a. Revenue recognition The Group’s contracts with customers include promises to transfer multiple products and services to a customer. Revenues from customer contracts are considered for recognition and measurement when the contract has been approved, in writing, by the parties to the contract, the parties to contract are committed to perform their respective obligations under the contract, and the contract is legally enforceable. The Group assesses the services promised in a contract and identifies distinct performance obligations in the contract. Identification of distinct performance obligations to determine the deliverables and the ability of the customer to benefit independently from such deliverables, and allocation of transaction price to these distinct performance obligations involves significant judgment. Fixed price maintenance revenue is recognized ratably on a straight-line basis when services are performed through an indefinite number of repetitive acts over a specified period. Revenue from fixed price maintenance contract is recognized ratably using a percentage of completion method when the pattern of benefits from the services rendered to the customer and the Group’s costs to fulfil the contract is not even through the period of the contract because the services are generally discrete in nature and not repetitive.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 289, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "74d1b0eeef9c67bb"}, {"chunk_id": "9e289d3c62e7f9bf", "content": "services are generally discrete in nature and not repetitive. The use of method to recognize the maintenance revenues requires judgment and is based on the promises in the contract and nature of the deliverables. The Group uses the percentage-of-completion method in accounting for other fixed-price contracts. Use of the percentage-of-completion method requires the Group to determine the actual efforts or costs expended to date as a proportion of the estimated total efforts or costs to be incurred. Efforts or costs expended have been used to measure progress towards completion as there is a direct relationship between input and productivity. The estimation of total efforts or costs involves significant judgment and is assessed throughout the period of the contract to reflect any changes based on the latest available information. Contracts with customers includes subcontractor services or third-party vendor equipment or software in certain integrated services arrangements. In these types of arrangements, revenue from sales of third-party vendor products or services is recorded net of costs when the Group is acting as an agent between the customer and the vendor, and gross when the Group is the principal for the transaction. In doing so, the Group first evaluates whether it obtains control of the specified goods or services before they are transferred to the customer.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 289, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "74d1b0eeef9c67bb"}, {"chunk_id": "f09b34bbe3b2cca9", "content": "In doing so, the Group first evaluates whether it obtains control of the specified goods or services before they are transferred to the customer. The Group considers whether it is primarily responsible for fulfilling the promise to provide the specified goods or services, inventory risk, pricing discretion and other factors to determine whether it controls the specified goods or services and therefore, is acting as a principal or an agent. Provisions for estimated losses, if any, on incomplete contracts are recorded in the period in which such losses become probable based on the estimated efforts or costs to complete the contract. The Group's two major tax jurisdictions are India and the United States, though the Company also files tax returns in other overseas jurisdictions. Significant judgments are involved in determining the provision for income taxes, including amount expected to be paid / recovered for uncertain tax positions. In assessing the realizability of deferred income tax assets, the Management considers whether some portion or all of the deferred income tax assets will not be realized. The ultimate realization of deferred income tax assets is dependent upon the generation of future taxable income during the periods in which the temporary differences become deductible. Management considers the scheduled reversals of deferred income tax liabilities, projected future taxable income", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 289, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "74d1b0eeef9c67bb"}, {"chunk_id": "f0230ee3d508f788", "content": "temporary differences become deductible. Management considers the scheduled reversals of deferred income tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based on the level of historical taxable income and projections for future taxable income over the periods in which the deferred income tax assets are deductible, the Management believes that the Group will realize the benefits of those deductible differences. The amount of the deferred income tax assets considered realizable, however, could be reduced in the near term if estimates of future taxable income during the carry forward period are reduced (Refer to Notes 2.17). c. Business combinations and intangible assets Business combinations are accounted for using Ind AS 103, Business Combinations. Ind AS 103 requires us to fair value identifiable intangible assets and contingent consideration to ascertain the net fair value of identifiable assets, liabilities and contingent liabilities of the acquiree. These valuations are conducted by external valuation experts. Estimates are required to be made in determining the value of contingent consideration, value of option arrangements and intangible assets. These measurements are based on information available at the acquisition date and are based on expectations and assumptions that have been deemed reasonable by the Management (Refer to Note 2.1 and 2.4.2) . d.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 289, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "74d1b0eeef9c67bb"}, {"chunk_id": "98e30830764e89df", "content": "assumptions that have been deemed reasonable by the Management (Refer to Note 2.1 and 2.4.2) . d. Property, plant and equipment Property, plant and equipment represent a significant proportion of the asset base of the Group. The charge in respect of periodic depreciation is derived after determining an estimate of an asset’s expected useful life and the expected residual value at the end of its life. The useful lives and residual values of Group's assets are determined by the Management at the time the asset is acquired and reviewed periodically, including at each financial year end. The lives are based on historical experience with similar assets as well as anticipation of future events, which may impact their life, such as changes in technology (Refer to Note 2.2). e. Impairment of Goodwill", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 289, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "74d1b0eeef9c67bb"}, {"chunk_id": "7d87f33575cc6e2c", "content": "Goodwill is tested for impairment on an annual basis and whenever there is an indication that the recoverable amount of a cash generating unit (CGUs) is less than its carrying amount. For the impairment test, goodwill is allocated to the CGU or groups of CGUs which benefit from the synergies of the acquisition and which represent the lowest level at which goodwill is monitored for internal management purposes. The recoverable amount of CGUs is determined based on higher of value-in-use and fair value less cost to sell. Key assumptions in the cash flow projections are prepared based on current economic conditions and comprises estimated long term growth rates, weighted average cost of capital and estimated operating margins (Refer to note 2.4.1). 2. Notes to the Consolidated Financial Statements 2.1  BUSINESS COMBINATIONS The purchase price in an acquisition is measured at the fair value of the assets transferred, equity instruments issued and liabilities incurred or assumed at the date of acquisition, which is the date on which control is transferred to the Group. The purchase price also includes the fair value of any contingent consideration. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair value on the date of acquisition.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 291, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "deb6f6635840b1f3"}, {"chunk_id": "cd9dd951aefaa466", "content": "consideration. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair value on the date of acquisition. Contingent consideration is remeasured at fair value at each reporting date and changes in the fair value of the contingent consideration are recognized in the Consolidated Statement of Profit and Loss. Business combinations have been accounted for using the acquisition method under the provisions of Ind AS 103, Business Combinations. The interest of non-controlling shareholders is initially measured either at fair value or at the non-controlling interests’ proportionate share of the acquiree’s identifiable net assets. The choice of measurement basis is made on an acquisition-by-acquisition basis. Subsequent to acquisition, the carrying amount of non- controlling interests is the amount of those interests at initial recognition plus the non-controlling interests’ share of subsequent changes in equity of subsidiaries. Business combinations between entities under common control is accounted for at carrying value of the assets acquired and liabilities assumed in the Group's consolidated financial statements. The payments related to options issued by the Group over the non-controlling interests in its subsidiaries are accounted as financial liabilities and initially recognized at the estimated present value of gross obligations.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 291, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "deb6f6635840b1f3"}, {"chunk_id": "a702b4237cd92fc8", "content": "recognized at the estimated present value of gross obligations. Such options are subsequently measured at fair value in order to reflect the amount payable under the option at the date at which it becomes exercisable. In the event that the option expires unexercised, the liability is derecognized. On May 10, 2024, Infosys Ltd acquired 100% voting interests in InSemi Technology Services Private Limited, a semiconductor design services company headquartered in India. This acquisition is expected to strengthen our expertise in semiconductor ecosystem and Engineering R&D services. The purchase price is allocated to assets acquired and liabilities assumed based upon determination of fair values at the date of acquisition as follows: (In ₹ crore) Component Acquiree's carrying amount Fair value adjustments Net Assets(1) 40 - 40 Intangible assets: Customer related - 60 60 Brand - 13 13 Deferred tax liabilities on intangible assets - (18) (18) Total 95 Goodwill 103 Total purchase price 198 (1)Includes cash and cash equivalents acquired of ₹ 41 crore. The excess of the purchase consideration paid over the fair value of assets acquired has been attributed to goodwill. The primary items that generated this goodwill are the value of the acquired assembled workforce and estimated synergies, neither of which qualify as an intangible asset. Goodwill is not tax-deductible.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 291, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "deb6f6635840b1f3"}, {"chunk_id": "51206b1d3d514714", "content": "The primary items that generated this goodwill are the value of the acquired assembled workforce and estimated synergies, neither of which qualify as an intangible asset. Goodwill is not tax-deductible. The purchase consideration of ₹198 crore includes cash of ₹168 crore and contingent consideration with an estimated fair value of ₹30 crore as on the date of acquisition. At the acquisition date, the key inputs used in determination of the fair value of contingent consideration are the probabilities assigned towards achievement of financial targets and discount rate of 5.9%. The undiscounted value of contingent consideration as of March 31, 2025 was ₹33 crore. Additionally, this acquisition has retention bonus and management incentive payable to the employees of the acquiree over three years, subject to their continuous employment with the Group and achievement of financial targets for the respective years. Bonus and incentives are recognized in employee benefit expenses in the Statement of Profit and loss over the period of service. Fair value of trade receivables acquired is ₹32 crore as of acquisition date and as of March 31, 2025 the amounts are substantially collected. Transaction costs that the Group incurs in connection with a business combination such as finder’s fees, legal fees, due diligence fees, and other professional and consulting fees are expensed as incurred.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 291, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "deb6f6635840b1f3"}, {"chunk_id": "ad09d345e9e681ce", "content": "Transaction costs that the Group incurs in connection with a business combination such as finder’s fees, legal fees, due diligence fees, and other professional and consulting fees are expensed as incurred. The transaction costs of ₹2 crore related to the acquisition have been included under administrative expenses in the Consolidated Statement of Profit and loss for the three months ended June 30, 2024. On July 17, 2024, Infosys Germany GmbH a wholly owned step down subsidiary of Infosys Limited acquired 100% voting interests in in-tech Holding GmbH, a leading provider of engineering R&D services headquartered in Germany. This acquisition is expected to strengthen Infosys’ engineering R&D capabilities and reaffirms its continued commitment to global clients to navigate their digital engineering journey. The purchase price is allocated to assets acquired and liabilities assumed based upon determination of fair values at the date of acquisition as follows: (In ₹ crore) Component Acquiree's carrying amount Fair value adjustments Assets(1) 731 - 731 Liabilities (364) - (364) Intangible assets: Customer related - 1,720 1,720 Brand - 147 147 Deferred tax liabilities on intangible assets - (511) (511) Goodwill - - 2,490 Loan (985) (985) Total purchase price 3,228 Loan repayment 985 Total cash outflow 4,213 (1)Includes cash and cash equivalents acquired of ₹197 crore.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 291, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "deb6f6635840b1f3"}, {"chunk_id": "128f8ab40d51e892", "content": "The excess of the purchase consideration paid over the fair value of assets acquired has been attributed to goodwill. The primary items that generated this goodwill are the value of the acquired assembled workforce and estimated synergies, neither of which qualify as an intangible asset. Goodwill is not tax-deductible. The total purchase consideration of EUR 356 million (₹3,228 crore) comprises the cash consideration paid to selling shareholders at the acquisition date. Additionally, this acquisition has retention bonus and management incentive payable to the employees of the acquiree over two to five years, subject to their continuous employment with the Group and achievement of financial targets for the respective years. Bonus and incentives are recognized in employee benefit expenses in the Statement of Profit and loss over the period of service. Fair value of trade receivables acquired is ₹139 crore as of acquisition date and as of March 31, 2025 the amounts are substantially collected. Transaction costs that the Group incurs in connection with a business combination such as finder’s fees, legal fees, due diligence fees, and other professional and consulting fees are expensed as incurred. The transaction costs of ₹4 crore related to the acquisition have been included under administrative expenses in the Consolidated Statement of Profit and loss for the quarter ended September 30, 2024. Proposed acquisitions", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 292, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2e361f234f5ff361"}, {"chunk_id": "a74a7469edfd37a6", "content": "the Consolidated Statement of Profit and loss for the quarter ended September 30, 2024. Proposed acquisitions On April 17, 2025, Infosys Singapore Pte Ltd., a wholly-owned step down subsidiary of Infosys Limited, entered into a definitive agreement to acquire 100% of the equity share capital of The Missing Link, a leading Cybersecurity service provider headquartered in Australia, for a consideration including earn-outs amounting up to AUD 98 million (approximately ₹527 crore) , excluding management incentives, and retention bonus, subject to customary closing adjustments. On April 17, 2025, Infosys Nova Holdings LLC, a wholly-owned step down subsidiary of Infosys Limited, entered into a definitive agreement to acquire 100% of the partnership interests of MRE Consulting Ltd, a leading Energy Consulting company, headquartered in USA, for a consideration including earn-outs amounting up to $36 million (approximately ₹308 crore) , excluding management incentives, and retention bonus , subject to customary closing adjustments. To consummate this transaction, Infosys Nova Holdings LLC has simultaneously incorporated an entity Infosys Energy Consulting Services LLC. Property, plant and equipment are stated at cost, less accumulated depreciation and impairment, if any. Costs directly attributable to acquisition are capitalized until the property, plant and equipment are ready for use, as intended by the Management.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 292, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2e361f234f5ff361"}, {"chunk_id": "066ca7e1e9dc1c08", "content": "Costs directly attributable to acquisition are capitalized until the property, plant and equipment are ready for use, as intended by the Management. The charge in respect of periodic depreciation is derived at after determining an estimate of an asset’s expected useful life and the expected residual value at the end of its life. The Group depreciates property, plant and equipment over their estimated useful lives using the straight-line method. The estimated useful lives of assets are as follows: Buildings (1) 22-25 years Plant and machinery (1)(2) 5 years Office equipment 5 years Computer equipment (1) 3-5 years Furniture and fixtures (1) 5 years Vehicles(1) 5 years Leasehold improvements Lower of useful life of the asset or lease term (1)Based on technical evaluation, the Management believes that the useful lives as given above best represent the period over which the Management expects to use these assets. Hence, the useful lives for these assets is different from the useful lives as prescribed under Part C of Schedule II of the Companies Act 2013 Depreciation methods, useful lives and residual values are reviewed periodically, including at each financial year end. The useful lives are based on historical experience with similar assets as well as anticipation of future events, which may impact their life, such as changes in technology. (2) Includes Solar plant with a useful life of 25 years", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 292, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2e361f234f5ff361"}, {"chunk_id": "d5366cfc44bbc82a", "content": "anticipation of future events, which may impact their life, such as changes in technology. (2) Includes Solar plant with a useful life of 25 years Advances paid towards the acquisition of property, plant and equipment outstanding at each Balance Sheet date is classified as capital advances under other non-current assets and the cost of assets not ready to use before such date are disclosed under ‘Capital work-in-progress’. Subsequent expenditures relating to property, plant and equipment is capitalized only when it is probable that future economic benefits associated with these will flow to the Group and the cost of the item can be measured reliably. The cost and related accumulated depreciation are eliminated from the financial statements upon sale or retirement of the asset. Property, plant and equipment are evaluated for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value less cost to sell and the value-in-use) is determined on an individual asset basis unless the asset does not generate cash flows that are largely independent of those from other assets. In such cases, the recoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 292, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2e361f234f5ff361"}, {"chunk_id": "ef0125239dbc3849", "content": "independent of those from other assets. In such cases, the recoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs. If such assets are considered to be impaired, the impairment to be recognized in the Consolidated Statement of Profit and Loss is measured by the amount by which the carrying value of the assets exceeds the estimated recoverable amount of the asset. An impairment loss is reversed in the Consolidated Statement of Profit and Loss if there has been a change in the estimates used to determine the recoverable amount. The carrying amount of the asset is increased to its revised recoverable amount, provided that this amount does not exceed the carrying amount that would have been determined (net of any accumulated depreciation) had no impairment loss been recognized for the asset in prior years. The changes in the carrying value of property, plant and equipment for the year ended March 31, 2025 are as follows: (In ₹ crore) Particulars Land - Freehold Furniture and fixtures Leasehold Improvements", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 292, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2e361f234f5ff361"}, {"chunk_id": "ca548a03fd73cf51", "content": "Gross carrying value as at April 1, 2024 1,432         11,770            3,428           1,528          8,611            2,326                1,447                            45                     30,587 Additions 47                43                 63              139          1,317                 93                   139                              2                       1,843 Additions on Business Combinations (Refer to note 2.1) —                  1                 —                11                 6                 23                     —                              2                            43 Deletions** —            (113)               (31)              (52)            (633)             (101)                 (290)                            (1)                     (1,221) Translation difference —                20                   1                  2                 5                 (1) 11                            —                            38 Gross carrying value as at March 31, 2025 1,479         11,721            3,461           1,628          9,306            2,340                1,307                            48                     31,290 Accumulated depreciation as at April 1, 2024 —         (4,921)          (2,630)         (1,269)        (6,380)          (1,837)              (1,138)                          (42)                   (18,217) Depreciation", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 293, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "de312e130b8e9745"}, {"chunk_id": "b37fa77932129aae", "content": "—         (4,921)          (2,630)         (1,269)        (6,380)          (1,837)              (1,138)                          (42)                   (18,217) Depreciation —            (444)             (203)            (118)        (1,249)             (187)                 (157)                            (2)                     (2,360) Accumulated depreciation on deletions** —                13                 21                51             616                 94                   286                              1                       1,082 Translation difference —                (6)                 (1)                (1) —                   1                   (10)                            —                          (17) Accumulated depreciation as at March 31, 2025 —         (5,358)          (2,813)         (1,337)        (7,013)          (1,929)              (1,019)                          (43)                   (19,512) Carrying value as at April 1, 2024 1,432           6,849               798              259          2,231               489                   309                              3                     12,370 Carrying value as at March 31, 2025 1,479           6,363               648              291          2,293               411                   288                              5                     11,778", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 293, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "de312e130b8e9745"}, {"chunk_id": "e3a0079f7b625eaa", "content": "Carrying value as at March 31, 2025 1,479           6,363               648              291          2,293               411                   288                              5                     11,778 ** During the year ended March 31, 2025, certain assets which were not in use having gross book value of ₹513 crore (net book value: Nil) were retired. The changes in the carrying value of property, plant and equipment for the year ended March 31, 2024 are as follows: (In ₹ crore) Particulars Land - Freehold Furniture and fixtures Leasehold Improvements Gross carrying value as at April 1, 2023 1,431         11,562            3,302           1,482          8,519            2,303                1,445                            45                     30,089 Additions 1              300               193              106             931               121                   108                              1                       1,761 Deletions* —              (55)               (64)              (60)            (846)               (99)                 (102)                            (1)                     (1,227) Translation difference —              (37)                 (3)                —                 7                   1                      (4)                            —                          (36) Gross carrying value as at March 31, 2024", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 293, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "de312e130b8e9745"}, {"chunk_id": "85f95e31daeee300", "content": "Gross carrying value as at March 31, 2024 1,432         11,770            3,428           1,528          8,611            2,326                1,447                            45                     30,587 Accumulated depreciation as at April 1, 2023 —         (4,535)          (2,437)         (1,198)        (5,826)          (1,675)              (1,032)                          (40)                   (16,743) Depreciation —            (450)             (259)            (130)        (1,387)             (250)                 (206)                            (3)                     (2,685) Accumulated depreciation on deletions* —                55                 64                59             836                 89                     97                              1                       1,201 Translation difference —                  9                   2                —                (3)                 (1) 3                            —                            10 Accumulated depreciation as at March 31, 2024 —         (4,921)          (2,630)         (1,269)        (6,380)          (1,837)              (1,138)                          (42)                   (18,217) Carrying value as at April 1, 2023 1,431           7,027               865              284          2,693               628                   413                              5                     13,346 Carrying value as at March 31, 2024", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 293, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "de312e130b8e9745"}, {"chunk_id": "964c76e46009759b", "content": "1,431           7,027               865              284          2,693               628                   413                              5                     13,346 Carrying value as at March 31, 2024 1,432           6,849               798              259          2,231               489                   309                              3                     12,370 * During the year ended March 31, 2024, certain assets which were not in use having gross book value of ₹775 crore (net book value: Nil) were retired. The aggregate depreciation has been included under depreciation and amortization expense in the Consolidated Statement of Profit and Loss. (1) Buildings include ₹250/- being the value of five shares of ₹50/- each in Mittal Towers Premises Co-operative Society Limited. Repairs and maintenance costs are recognized in the Consolidated Statement of Profit and Loss when incurred. Consequent to the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021 (“the Rules”), the Company was required to transfer its CSR capital assets installed prior to January 2021. Towards this the Company had incorporated a subsidiary ‘Infosys Green Forum’ (IGF) under Section 8 of the Companies Act, 2013. During the year ended March 31, 2022 the Company had completed the transfer of assets upon obtaining the required approvals from regulatory authorities, as applicable.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 293, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "de312e130b8e9745"}, {"chunk_id": "ba6dc9dad5987f22", "content": "During the year ended March 31, 2022 the Company had completed the transfer of assets upon obtaining the required approvals from regulatory authorities, as applicable. During March 31, 2024, the application filed by IGF for registration u/s.12AB of the Income Tax Act was rejected and registration cancelled. IGF has filed an appeal against this order before Income Tax Appellate Tribunal. 2.3 CAPITAL WORK-IN-PROGRESS The changes in capital work-in-progress for the year ended March 31, 2025 and March 31, 2024 are as follows:", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 293, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "de312e130b8e9745"}, {"chunk_id": "24db273f368bd529", "content": "(In ₹ crore) As at March 31, 2025 March 31, 2024 Balance at the beginning 293                          288 Additions during the year 2,316                       1,764 Capitalised during the year (1,796)                     (1,760) Translation difference 1                              1 Balance at the end 814                          293 Capital work-in-progress ageing schedule for the year ended March 31, 2025  and March 31, 2024 : Particulars Amount in CWIP for a period of 1-2 years 2-3 years More than 3 years Total Projects in progress 576               204 22 12                          814 259                22 1 11 293 Total Capital work-in-progress 576 204 22 12 814 259                22 1 11 293 For capital-work-in progress, whose completion is overdue or has exceeded its cost compared to its original plan the project wise details of when the project is expected to be completed is given below as of March 31, 2025 and March 31, 2024 : Particulars To be completed in NO-SZ-SDB 256 -                        -                              -                            256 -                   -                       -                              -                              - Total Capital work-in-progress* 256 - - - 256 - - - - - * There are no subsidiaries in the group having more than 10% of the total capital work in progress. 2.4  GOODWILL AND OTHER INTANGIBLE ASSETS", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 294, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "015b9f70389d985b"}, {"chunk_id": "a676c348e765c2ae", "content": "256 - - - 256 - - - - - * There are no subsidiaries in the group having more than 10% of the total capital work in progress. 2.4  GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill represents the purchase consideration in excess of the Group's interest in the net fair value of identifiable assets, liabilities and contingent liabilities of the acquired entity. When the net fair value of the identifiable assets, liabilities and contingent liabilities acquired exceeds purchase consideration, the fair value of net assets acquired is reassessed and the bargain purchase gain is recognized in capital reserve. Goodwill is measured at cost less accumulated impairment losses. Goodwill is tested for impairment on an annual basis and whenever there is an indication that the recoverable amount of a cash generating unit (CGU) is less than its carrying amount. For the impairment test, goodwill is allocated to the CGU or groups of CGUs which benefit from the synergies of the acquisition and which represents the lowest level at which goodwill is monitored for internal management purposes. A CGU is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or group of assets. Impairment occurs when the carrying amount of a CGU including the goodwill, exceeds the estimated recoverable amount of the CGU.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 294, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "015b9f70389d985b"}, {"chunk_id": "d75242af770e8f05", "content": "Impairment occurs when the carrying amount of a CGU including the goodwill, exceeds the estimated recoverable amount of the CGU. The recoverable amount of a CGU is the higher of its fair value less cost to sell and its value-in- use. Value-in-use is the present value of future cash flows expected to be derived from the CGU. Key assumptions in the cash flow projections are prepared based on current economic conditions and includes estimated long term growth rates, weighted average cost of capital and estimated operating margins. Following is a summary of changes in the carrying amount of goodwill: (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Carrying value at the beginning 7,303                       7,248 Goodwill on acquisitions (Refer to note 2.1) 2,593                            — Translation differences 210                            55 Carrying value at the end 10,106                       7,303 For the purpose of impairment testing, goodwill acquired in a business combination is allocated to the CGU or groups of CGUs, which benefit from the synergies of the acquisition. The Group internally reviews the goodwill for impairment at the operating segment level, after allocation of the goodwill to CGUs or groups of CGUs. (In ₹ crore) Segment The allocation of goodwill to operating segments as at March 31, 2025 and March 31, 2024 is as follows: March 31, 2025 March 31, 2024 Financial services 1,510                       1,476 Retail", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 294, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "015b9f70389d985b"}, {"chunk_id": "88d6ea69a2b0e1b0", "content": "(In ₹ crore) Segment The allocation of goodwill to operating segments as at March 31, 2025 and March 31, 2024 is as follows: March 31, 2025 March 31, 2024 Financial services 1,510                       1,476 Retail 961                          939 Communication 691                          675 Energy, Utilities, Resources and Services 1,337                       1,160 Manufacturing 2,986                          578 Life Sciences 975                          951 8,460                       5,779 Operating segments without significant goodwill 650                          552 Total 9,110                       6,331 The goodwill pertaining to Panaya amounting to ₹996 crore and ₹972 crore as at March 31, 2025 and March 31, 2024, respectively is tested for impairment at the entity level. The recoverable amount of a CGU is the higher of its fair value less cost to sell and its value-in-use. The fair value of a CGU is determined based on the market capitalization. Value-in-use is determined based on discounted future cash flows. The key assumptions used for the calculations are as follows: Long term growth rate March 31, 2025 March 31, 2024 The above discount rate is based on the Weighted Average Cost of Capital (WACC) of the Company. As at March 31, 2025, the estimated recoverable amount of the CGU exceeded its carrying amount.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 294, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "015b9f70389d985b"}, {"chunk_id": "c92ee60d848e230b", "content": "March 31, 2024 The above discount rate is based on the Weighted Average Cost of Capital (WACC) of the Company. As at March 31, 2025, the estimated recoverable amount of the CGU exceeded its carrying amount. Reasonable sensitivities in key assumptions is unlikely to cause the carrying amount to exceed the recoverable amount of the cash generating units. 2.4.2  Intangible Assets Intangible assets are stated at cost less accumulated amortization and impairment. Intangible assets are amortized over their respective individual estimated useful lives on a straight-line basis, from the date that they are available for use. The estimated useful life of an identifiable intangible asset is based on a number of factors including the effects of obsolescence, demand, competition, and other economic factors (such as the stability of the industry, and known technological advances) and the level of maintenance expenditures required to obtain the expected future cash flows from the asset. Amortization methods and useful lives are reviewed periodically including at each financial year end.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 294, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "015b9f70389d985b"}, {"chunk_id": "d0ff32694ceb643b", "content": "Research costs are expensed as incurred. Software product development costs are expensed as incurred unless technical and commercial feasibility of the project is demonstrated, future economic benefits are probable, the Group has an intention and ability to complete and use or sell the software and the costs can be measured reliably. The costs which can be capitalized include the cost of material, direct labor, overhead costs that are directly attributable to prepare the asset for its intended use. Intangible assets are evaluated for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value less cost to sell and the value-in-use) is determined on an individual asset basis unless the asset does not generate cash flows that are largely independent of those from other assets. In such cases, the recoverable amount is determined for the CGU to which the asset belongs. If such assets are considered to be impaired, the impairment to be recognized in the Consolidated Statement of Profit and Loss is measured by the amount by which the carrying value of the assets exceeds the estimated recoverable amount of the asset.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 295, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "351d0e8ecbd1d2e4"}, {"chunk_id": "20f56e3d1b067e2f", "content": "the estimated recoverable amount of the asset. An impairment loss is reversed in the Consolidated Statement of Profit and Loss if there has been a change in the estimates used to determine the recoverable amount. The carrying amount of the asset is increased to its revised recoverable amount, provided that this amount does not exceed the carrying amount that would have been determined (net of any accumulated amortization) had no impairment loss been recognized for the asset in prior years. The changes in the carrying value of acquired intangible assets for the year ended March 31, 2025 are as follows : (In ₹ crore) Particulars Customer Gross carrying value as at April 1, 2024 2,512          1,110                   1                   349                         782                       4,754 Additions -               143 -                        -                              -                            143 Acquisition through business combination (Refer to Note 2.1) 1,780 -                    -                     160 -                         1,940 Deletions -                  -                    -                        -                              -                               - Translation difference 91               27 -                       10                            19                          147 Gross carrying value as at March 31, 2025", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 295, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "351d0e8ecbd1d2e4"}, {"chunk_id": "882b9fa0941b0d26", "content": "Translation difference 91               27 -                       10                            19                          147 Gross carrying value as at March 31, 2025 4,383          1,280                   1                   519                         801                       6,984 Accumulated amortization as at April 1, 2024 (1,800)            (765)                 (1)                 (235)                        (556)                     (3,357) Amortization expense# (530)              (87) -                     (50)                        (110)                        (777) Deletions -                  -                    -                        -                              -                               - Translation differences (47)              (17) -                        (6)                          (14)                          (84) Accumulated amortization as at March 31, 2025 (2,377)            (869)                 (1)                 (291)                        (680)                     (4,218) Carrying value as at April 1, 2024 712             345 -                     114                         226                       1,397 Carrying value as at March 31, 2025 2,006             411 -                     228                         121                       2,766 Estimated Useful Life (in years) 1-15 3-10 - 3-10 3-7 Estimated Remaining Useful Life (in years) 1-9 1-4 - 1-6 1-3", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 295, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "351d0e8ecbd1d2e4"}, {"chunk_id": "faafdcd0ff66c9a1", "content": "-                     228                         121                       2,766 Estimated Useful Life (in years) 1-15 3-10 - 3-10 3-7 Estimated Remaining Useful Life (in years) 1-9 1-4 - 1-6 1-3 * Majorly includes intangibles related to vendor relationships # During the quarter ended March 31, 2025, a decline in the revenue estimates led to the carrying value of the customer related intangibles assets recognized on business combination exceeding the estimated recoverable amount. Consequently, the Company has recognized ₹188 crore as the excess of carrying value over the estimated recoverable value for the quarter ended March 31, 2025. Following are the changes in the carrying value of acquired intangible assets for the year ended March 31, 2024: (In ₹ crore) Particulars Customer Gross carrying value as at April 1, 2023 2,507          1,031                   1                   346                         774                       4,659 Additions -                 79 -                        -                              -                              79 Deletions -                 (2) -                        -                              -                             (2) Translation difference 5                 2 -                         3                              8                            18 Gross carrying value as at March 31, 2024", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 295, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "351d0e8ecbd1d2e4"}, {"chunk_id": "b3b71356c0a3343b", "content": "Translation difference 5                 2 -                         3                              8                            18 Gross carrying value as at March 31, 2024 2,512          1,110                   1                   349                         782                       4,754 Accumulated amortization as at April 1, 2023 (1,600)            (688)                 (1)                 (195)                        (426)                     (2,910) Amortization expense (194)              (75) -                     (38)                        (125)                        (432) Deletions -                   2 - -                                2 Translation differences (6)                (4) -                        (2)                            (5)                          (17) Accumulated amortization as at March 31, 2024 (1,800)            (765)                 (1)                 (235)                        (556)                     (3,357) Carrying value as at April 1, 2023 907             343 -                     151                         348                       1,749 Carrying value as at March 31, 2024 712             345 -                     114                         226                       1,397 Estimated Useful Life (in years) 1-15 3-10 - 3-10 3-7 Estimated Remaining Useful Life (in years) 1-10 1-5 - 1-6 1-4 * Majorly includes intangibles related to vendor relationships Research and Development Expenditure", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 295, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "351d0e8ecbd1d2e4"}, {"chunk_id": "898a089e8304cfca", "content": "Research and development expense recognized in the Consolidated Statement of Profit and Loss for the year ended March 31, 2025 and March 31, 2024 was ₹1,296 crore and ₹1,118 crore respectively. (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Non-current Investments Investments carried at fair value through other comprehensive income Preference securities 167                                91 Equity instruments 2                                  2 169                             93 Investments carried at fair value through profit or loss Target maturity fund units 465                              431 Equity and Preference securities 25                                — Others (1) 196                              198 686                           629 Investments carried at amortized cost Government bonds 16                                28 Tax free bonds 1,465                           1,731 1,481                        1,759 Investments carried at fair value through other comprehensive income Non convertible debentures 3,320                           2,217 Equity securities 57                              113 Government securities 5,346                           6,897 Total non-current investments 11,059                      11,708 8,723                        9,227 Investments carried at fair value through profit or loss Liquid mutual fund units 1,957                        2,615 1,957                        2,615", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 297, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5e05f090c644b013"}, {"chunk_id": "36ddbfe4fd928b6a", "content": "8,723                        9,227 Investments carried at fair value through profit or loss Liquid mutual fund units 1,957                        2,615 1,957                        2,615 Investments carried at fair value through other comprehensive income Commercial Paper 3,641                        4,830 Certificates of deposit 3,504                        3,043 7,145                        7,873 Quoted Investments carried at amortized cost Government bonds 15                                — Tax free bonds 154                                — 169                             — Investments carried at fair value through other comprehensive income Non convertible debentures 1,549                        1,962 Government securities 1,662                           465 3,211                        2,427 Total current investments 12,482                      12,915 Total investments 23,541                      24,623 13,584                      13,413 Market value of quoted investments (including interest accrued), current 3,369                        2,428 Market value of quoted investments (including interest accrued), non current 10,392                      11,201 Aggregate amount of unquoted investments 9,957                      11,210 1,650                        1,759 Investments carried at fair value through other comprehensive income 19,248                      19,620 Investments carried at fair value through profit or loss 2,643                        3,244", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 297, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5e05f090c644b013"}, {"chunk_id": "b37b85f35339c493", "content": "Investments carried at fair value through other comprehensive income 19,248                      19,620 Investments carried at fair value through profit or loss 2,643                        3,244 (1)  Uncalled capital commitments outstanding as at March 31, 2025 and March 31, 2024 was ₹122 crore and ₹79 crore, respectively. Aggregate amount of quoted investments Investments carried at amortized cost Refer to Note 2.11 for Accounting policies on Financial Instruments. Details of amounts recorded in Other comprehensive income : Year ended March 31, 2025 Year ended March 31, 2024 Gross Tax Net Gross Tax Net Net Gain/(loss) on Non-convertible debentures 54                    (6)                    48                    62                                        5                             67 Commercial Paper 3                    (1) 2 -                                         -                                - Certificates of deposit 3                    (1) 2                    (1) -                               (1) Government securities 162                  (15)                  147                    98                                    (20)                             78 Equity and preference securities 20                    (1)                    19                    10                                        9                             19 Method of fair valuation: (In ₹ crore) Class of investment Method", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 297, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5e05f090c644b013"}, {"chunk_id": "29b4ebd0022b0906", "content": "20                    (1)                    19                    10                                        9                             19 Method of fair valuation: (In ₹ crore) Class of investment Method Liquid mutual fund units - carried at fair value through profit or loss Target maturity fund units - carried at fair value through profit or loss Tax free bonds and government bonds - carried at amortized cost Non-convertible debentures - carried at fair value through other comprehensive income Government securities - carried at fair value through other comprehensive income March 31, 2025 March 31, 2024 Quoted price 1,957                        2,615 Quoted price 465                           431 Quoted price and market observable inputs 1,812                        1,973 Quoted price and market observable inputs 4,869                        4,179 Commercial Papers - carried at fair value through other comprehensive income Certificates of deposit - carried at fair value through other comprehensive income Quoted Equity securities - carried at fair value through other comprehensive income Unquoted equity and preference securities - carried at fair value through profit or loss Quoted price and market observable inputs 7,008                        7,362 Market observable inputs 3,641                        4,830 Market observable inputs 3,504                        3,043 Quoted price 57                           113", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 297, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5e05f090c644b013"}, {"chunk_id": "ab866ca2f172f9bb", "content": "7,008                        7,362 Market observable inputs 3,641                        4,830 Market observable inputs 3,504                        3,043 Quoted price 57                           113 Discounted cash flows method, Market multiples method, Option pricing model 25                             — Unquoted equity and preference securities - carried at fair value through other comprehensive income Others - carried at fair value through profit or loss Discounted cash flows method, Market multiples method, Option pricing model Discounted cash flows method, Market multiples method, Option pricing model 169                             93 196                           198 Total 23,703                      24,837 Note: Certain quoted investments are classified as Level 2 in the absence of active market for such investments.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 297, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5e05f090c644b013"}, {"chunk_id": "c3bfee48c79cf6cb", "content": "2.5.1 Details of investments The details of investments in preference, equity and other instruments at March 31, 2025 and March 31, 2024 are as follows: (In ₹ crore, except otherwise stated) Particulars March 31, 2025 March 31, 2024 Preference securities Investments carried at fair value through other comprehensive income Airviz, Inc. -                                - 2,89,695 (2,89,695) Series A Preferred Stock, fully paid up, par value USD 0.001 each Whoop, Inc. 129                             60 1,10,59,340 (1,10,59,340) Series B Preferred Stock, fully paid up, par value USD 0.0001 each Nivetti Systems Private Limited 38                             31 2,28,501 (2,28,501) Preferred Stock, fully paid up, par value ₹1/- each Investments carried at fair value through profit or loss Galaxeye Space Solutions Private Limited 17 - 1,210 (Nil) Series A compulsorily convertible cumulative Preference shares of ₹10/- each, fully paid up 4Basecare Precision Health Private Limited 8 - 18,850 (Nil) Series A compulsorily convertible cumulative Preference shares of ₹1/- each, fully paid up Total investment in preference securities 192                             91 Equity Instruments Investments carried at fair value through other comprehensive income Merasport Technologies Private Limited -                                - 2,420 (2,420) equity shares at ₹8,052/- each, fully paid up, par value ₹10/- each Global Innovation and Technology Alliance", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 299, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a268a29077dcfeb9"}, {"chunk_id": "db03e970adcbd3f4", "content": "Merasport Technologies Private Limited -                                - 2,420 (2,420) equity shares at ₹8,052/- each, fully paid up, par value ₹10/- each Global Innovation and Technology Alliance 2                               2 15,000 (15,000) equity shares at ₹1,000/- each, fully paid up, par value ₹1,000/- each Ideaforge Technology Limited 57                           113 16,47,314 (16,47,314) equity shares at ₹10/-, fully paid up Investments carried at fair value through profit or loss Galaxeye Space Solutions Private Limited -                                - 10 (Nil) equity shares at ₹1,36,080/- each, fully paid up, par value ₹10/- each Total investment in equity instruments 59                           115 Others - Investments carried at fair value through profit or loss Stellaris Venture Partners India 53                             84 UVC Fonds IV GmbH & Co. KG 1 - The House Fund II, L.P. 102                           107 The House Fund III, L.P. 32                               7 Yali Deeptech Fund I 8 - Total investment in others 196                           198 Total 447                           404 (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Non Current Loans considered good - Unsecured Loans to employees 16                             34 16                             34 Loans credit impaired - Unsecured Loans to employees 3                               2 Less: Allowance for credit impairment (3)                             (2)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 299, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a268a29077dcfeb9"}, {"chunk_id": "a8f1d9baca45c83f", "content": "16                             34 Loans credit impaired - Unsecured Loans to employees 3                               2 Less: Allowance for credit impairment (3)                             (2) —                             — Total non-current loans 16                             34 Current Loans considered good - Unsecured Loans to employees 249                           248 Total current loans 249                           248 Total loans 265                           282 (In ₹ crore) Particulars 2.7 OTHER FINANCIAL ASSETS March 31, 2025 March 31, 2024 Non Current Unbilled revenues (1)# 2,031                        1,677 Restricted deposits (1)* 82                             47 Net investment in lease(1) (Refer to note 2.21) 1,106                        1,114 Others (1) 19                               8 Total non-current other financial assets 3,511                        3,105 Current Security deposits (1) 273                           259 Security deposits (1) 65                             75 Restricted deposits (1)* 2,949                        2,535 Unbilled revenues (1)# 8,183                        7,923 Interest accrued but not due (1) 842                           537 Foreign currency forward and options contracts (2) (3) 192                             84 Net investment in lease(1) (Refer to note 2.21) 1,139                           710 Others (1) 470                           221 Total current other financial assets 13,840                      12,085 Total other financial assets", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 299, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a268a29077dcfeb9"}, {"chunk_id": "a3d79362731f3089", "content": "1,139                           710 Others (1) 470                           221 Total current other financial assets 13,840                      12,085 Total other financial assets 17,351                      15,190 (1) Financial assets carried at amortized cost 17,159                      15,106 (2) Financial assets carried at fair value through other comprehensive income 28                             23 (3) Financial assets carried at fair value through profit or loss 164                             61 * Restricted deposits represent deposits with financial institutions to settle employee related obligations as and when they arise during the normal course of business. # Classified as financial asset as right to consideration is unconditional and is due only after a passage of time. 2.8 TRADE RECEIVABLES March 31, 2025 March 31, 2024 Current Trade Receivable considered good - Unsecured 31,670                      30,713 Less: Allowance for expected credit loss 512                           520 Trade Receivable considered good - Unsecured 31,158                      30,193 Trade Receivable - credit impaired - Unsecured 206                           196 Less: Allowance for credit impairment 206                           196 Trade Receivable - credit impaired - Unsecured —                             — Total trade receivables 31,158                      30,193 Trade receivables ageing schedule for the year ended as on March 31, 2025 and March 31, 2024 :", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 299, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a268a29077dcfeb9"}, {"chunk_id": "99434d05669631c0", "content": "Undisputed Trade receivables – considered good 23,696             7,505                202                  223                  44                                  —                      31,670 22,572 7,402 319 414 2 4 30,713 Undisputed Trade receivables – credit impaired —                    5                    4                      6                    6                                113                           134 3 15 7 6 4 106 141 Disputed Trade receivables – considered good —                  —                  —                    —                  —                                  —                             — —                  —                  —                    —                  —                                  —                             — Disputed Trade receivables – credit impaired —                  —                  —                    43                  28                                    1                             72 — 1 21 26 2 5 55 23,696 7,510 206 272 78 114 31,876 22,575 7,418 347 446 8 115 30,909 Less: Allowance for credit loss 718 716 Total Trade Receivables 31,158 30,193 (In ₹ crore) Particulars 2.9 CASH AND CASH EQUIVALENTS March 31, 2025 March 31, 2024 Balances with banks In current and deposit accounts 24,455                           14,786 Cash on hand —                                   — Total cash and cash equivalents 24,455                           14,786", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 301, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "81f10649dd738caf"}, {"chunk_id": "dbf4ca795b33ff63", "content": "Balances with banks In current and deposit accounts 24,455                           14,786 Cash on hand —                                   — Total cash and cash equivalents 24,455                           14,786 45                                   37 75                                   57 Balances with banks in unpaid dividend accounts Deposit with more than 12 months maturity Cash and cash equivalents as at March 31, 2025 and March 31, 2024 include restricted cash and bank balances of ₹424 crore and ₹348 crore respectively. The restrictions are primarily on account of bank balances held by irrevocable trusts controlled by the company. The deposits maintained by the Group with banks and financial institutions comprise of time deposits, which can be withdrawn by the Group at any point without prior notice or penalty on the principal. (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Non-current Capital advances 208                                 155 Advances other than capital advances Withholding taxes and others 534                                 673 Unbilled revenues # 201                                 103 Defined benefit plan assets 297                                   31 Prepaid expenses 282                                 343 Deferred Contract Cost Cost of obtaining a contract 312                                 129 Cost of fulfillment 879                                 687 Total non-current other assets 2,713                             2,121", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 301, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "81f10649dd738caf"}, {"chunk_id": "da5555b6ace3d085", "content": "Deferred Contract Cost Cost of obtaining a contract 312                                 129 Cost of fulfillment 879                                 687 Total non-current other assets 2,713                             2,121 Advances other than capital advances Payment to vendors for supply of goods 413                                 356 Others Unbilled revenues # 4,668                             4,845 Withholding taxes and others 2,841                             3,540 Prepaid expenses 3,080                             3,329 Deferred Contract Cost Cost of obtaining a contract 343                                 200 Cost of fulfillment 504                                 358 Other receivables 91                                 180 Total current other assets 11,940                           12,808 Total other assets 14,653                           14,929 # Classified as non financial asset as the contractual right to consideration is dependent on completion of contractual milestones. Withholding taxes and others primarily consist of input tax credits and VAT recoverable from tax authorities. 2.11    FINANCIAL INSTRUMENTS 2.11.1 Initial recognition The Group recognizes financial assets and financial liabilities when it becomes a party to the contractual provisions of the instrument. All financial assets and liabilities are recognized at fair value on initial recognition, except for trade receivables which are initially measured at transaction price.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 301, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "81f10649dd738caf"}, {"chunk_id": "1a878e0ce4c3bba4", "content": "All financial assets and liabilities are recognized at fair value on initial recognition, except for trade receivables which are initially measured at transaction price. Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities, which are not at fair value through profit or loss, are added to the fair value on initial recognition. Regular way purchase and sale of financial assets are accounted for at trade date. 2.11.2 Subsequent measurement a. Non-derivative financial instruments (i) Financial assets carried at amortized cost A financial asset is subsequently measured at amortized cost if it is held within a business model whose objective is to hold the asset in order to collect contractual cash flows and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. (ii) Financial assets carried at fair value through other comprehensive income (FVOCI) A financial asset is subsequently measured at fair value through other comprehensive income if it is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 301, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "81f10649dd738caf"}, {"chunk_id": "8304fa3cc9a07675", "content": "cash flows and selling financial assets and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. The Group has made an irrevocable election for certain investments which are classified as equity instruments to present the subsequent changes in fair value in other comprehensive income based on its business model. (iii) Financial assets carried at fair value through profit or loss (FVTPL) A financial asset which is not classified in any of the above categories is subsequently fair valued through profit or loss. (iv) Financial liabilities", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 301, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "81f10649dd738caf"}, {"chunk_id": "957554c89f727ee5", "content": "Financial liabilities are subsequently carried at amortized cost using the effective interest method, except for contingent consideration and financial liability under option arrangements recognized in a business combination which is subsequently measured at fair value through profit or loss. b. Derivative financial instruments The Group holds derivative financial instruments such as foreign exchange forward and option contracts to mitigate the risk of changes in exchange rates on foreign currency exposures. The counterparty for such contracts is generally a bank. (i) Financial assets or financial liabilities, carried at fair value through profit or loss. This category includes derivative financial assets or liabilities which are not designated as hedges. Although the Group believes that these derivatives constitute hedges from an economic perspective, they may not qualify for hedge accounting under Ind AS 109, Financial Instruments. Any derivative that is either not designated as hedge, or is so designated but is ineffective as per Ind AS 109, is categorized as a financial asset or financial liability, at fair value through profit or loss. Derivatives not designated as hedges are recognized initially at fair value and attributable transaction costs are recognized in net profit in the Consolidated Statement of Profit and Loss when incurred.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 302, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5168f457e7e6c4b8"}, {"chunk_id": "3dbec9b4672096ed", "content": "Derivatives not designated as hedges are recognized initially at fair value and attributable transaction costs are recognized in net profit in the Consolidated Statement of Profit and Loss when incurred. Subsequent to initial recognition, these derivatives are measured at fair value through profit or loss and the resulting exchange gains or losses are included in other income. Assets/ liabilities in this category are presented as current assets/current liabilities if they are either held for trading or are expected to be realized within 12 months after the Balance Sheet date. Primarily, the Group designates certain foreign exchange forward and options contracts as cash flow hedges to mitigate the risk of foreign exchange exposure on highly probable forecast cash transactions. When a derivative is designated as a cash flow hedging instrument, the effective portion of changes in the fair value of the derivative is recognized in other comprehensive income and accumulated in the cash flow hedging reserve. Any ineffective portion of changes in the fair value of the derivative is recognized immediately in the net profit in the Consolidated Statement of Profit and Loss. If the hedging instrument no longer meets the criteria for hedge accounting, then hedge accounting is discontinued prospectively. If the hedging instrument expires or is sold,", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 302, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5168f457e7e6c4b8"}, {"chunk_id": "8232a2bdc1b8011d", "content": "Profit and Loss. If the hedging instrument no longer meets the criteria for hedge accounting, then hedge accounting is discontinued prospectively. If the hedging instrument expires or is sold, terminated or exercised, the cumulative gain or loss on the hedging instrument recognized in cash flow hedging reserve till the period the hedge was effective remains in cash flow hedging reserve until the forecasted transaction occurs. The cumulative gain or loss previously recognized in the cash flow hedging reserve is transferred to the net profit in the Consolidated Statement of Profit and Loss upon the occurrence of the related forecasted transaction. If the forecasted transaction is no longer expected to occur, then the amount accumulated in cash flow hedging reserve is reclassified to net profit in the Consolidated Statement of Profit and Loss. 2.11.3 Derecognition of financial instruments The Group derecognizes a financial asset when the contractual rights to the cash flows from the financial asset expire or it transfers the financial asset and the transfer qualifies for derecognition under Ind AS 109. A financial liability (or a part of a financial liability) is derecognized from the Group's Balance Sheet when the obligation specified in the contract is discharged or cancelled or expires. 2.11.4 Fair value of financial instruments", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 302, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5168f457e7e6c4b8"}, {"chunk_id": "6afb46851f7d9d95", "content": "discharged or cancelled or expires. 2.11.4 Fair value of financial instruments In determining the fair value of its financial instruments, the Group uses a variety of methods and assumptions that are based on market conditions and risks existing at each reporting date. The methods used to determine fair value include discounted cash flow analysis, option pricing model, market multiples, available quoted market prices and dealer quotes. All methods of assessing fair value result in general approximation of value, and such value may never actually be realized. Refer to table 'Financial instruments by category' below for the disclosure on carrying value and fair value of financial assets and liabilities. For financial assets and liabilities maturing within one year from the Balance Sheet date and which are not carried at fair value, the carrying amounts approximates fair value due to the short maturity of these instruments. The Group recognizes loss allowances using the expected credit loss (ECL) model for the financial assets and unbilled revenue which are not fair valued through profit or loss. Loss allowance for trade receivables and unbilled revenues with no significant financing component is measured at an amount equal to lifetime ECL. For all other financial assets, ECLs are measured at an", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 302, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5168f457e7e6c4b8"}, {"chunk_id": "f3b0ef1d30a1eaa1", "content": "Loss allowance for trade receivables and unbilled revenues with no significant financing component is measured at an amount equal to lifetime ECL. For all other financial assets, ECLs are measured at an amount equal to the 12-month ECL, unless there has been a significant increase in credit risk from initial recognition in which case those are measured at lifetime ECL. The Group determines the allowance for credit losses based on historical loss experience adjusted to reflect current and estimated future economic conditions. The Group considers current and anticipated future economic conditions relating to industries the Group deals with and the countries where it operates. The amount of ECL (or reversal) that is required to adjust the loss allowance at the reporting date to the amount that is required to be recorded is recognized as an impairment loss or gain in Consolidated Statement of Profit and Loss. Financial instruments by category The carrying value and fair value of financial instruments by categories as at March 31, 2025 are as follows: (In ₹ crore) Particulars Amortized value through OCI Financial assets/ liabilities at fair value Financial assets/liabilities at fair through profit or loss Designated upon initial Mandatory Equity instruments designated upon initial recognition Assets: Cash and cash equivalents (Refer to Note 2.9)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 302, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5168f457e7e6c4b8"}, {"chunk_id": "e6aeb1e2bdd3e686", "content": "Financial assets/liabilities at fair through profit or loss Designated upon initial Mandatory Equity instruments designated upon initial recognition Assets: Cash and cash equivalents (Refer to Note 2.9) 24,455                                       —                   —                          —                        —                    24,455               24,455 Investments (Refer to Note 2.5)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 302, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5168f457e7e6c4b8"}, {"chunk_id": "3b455e67f865d924", "content": "Liquid mutual fund units —                                       —              1,957                          —                        —                      1,957                 1,957 Target maturity fund units —                                       —                 465                          —                        —                         465                    465 Non convertible debentures —                                       —                   —                          —                   4,869                      4,869                 4,869 Government securities —                                       —                   —                          —                   7,008                      7,008                 7,008 Certificates of deposit —                                       —                   —                          —                   3,504                      3,504                 3,504 Commercial paper —                                       —                   —                          —                   3,641                      3,641                 3,641 Other investments —                                       —                 196                          —                        —                         196                    196 Trade receivables (Refer to Note 2.8)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 303, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "da9629bbdd054767"}, {"chunk_id": "6f51afd03c58585a", "content": "—                                       —                 196                          —                        —                         196                    196 Trade receivables (Refer to Note 2.8) 31,158                                       —                   —                          —                        —                    31,158               31,158 Loans (Refer to Note 2.6) 265                                       —                   —                          —                        —                         265                    265 Other financials assets (Refer to Note 2.7) (3) 17,159                                       —                 164                          —                        28                    17,351               17,271  (2) Equity and preference securities —                                       25                   —                        226                        —                         251                    251 Tax free bonds and government bonds 1,650                                       —                   —                          —                        —                      1,650                 1,812  (1) Total 74,687                                             25                 2,782                             226                     19,050                         96,770                   96,852 Liabilities: Trade payables (Refer to Note 2.14)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 303, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "da9629bbdd054767"}, {"chunk_id": "162aea6e455717c2", "content": "Liabilities: Trade payables (Refer to Note 2.14) 4,164                                       —                   —                          —                        —                      4,164                 4,164 Lease liabilities (Refer to Note 2.21) 8,227                                       —                   —                          —                        —                      8,227                 8,227 Financial Liability under option arrangements (Refer to Note 2.13) —                                       —                 667                          —                        —                         667                    667 Other financial liabilities (Refer to Note 2.13) 16,511                                       —                   61                          —                        33                    16,605               16,605 Total 28,902                                             —                    728                               —                            33                         29,663                   29,663 (1)  On account of fair value changes including interest accrued (2)  Excludes interest accrued on tax free bonds and government bonds carried at amortized cost of ₹80 crore (3)  Excludes unbilled revenue on contracts where the right to consideration is dependent on completion of contractual milestones", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 303, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "da9629bbdd054767"}, {"chunk_id": "fc16acfb5fd420e9", "content": "(3)  Excludes unbilled revenue on contracts where the right to consideration is dependent on completion of contractual milestones The carrying value and fair value of financial instruments by categories as at  March 31, 2024 were as follows: (In ₹ crore) Particulars Amortized Financial assets/ liabilities at fair value through profit or loss Financial assets/liabilities at fair Designated upon initial Mandatory Equity instruments designated upon initial recognition Assets: Cash and cash equivalents (Refer to Note 2.9) 14,786                                       —                   —                          —                        —                    14,786               14,786 Investments (Refer to Note 2.5) Equity and preference securities —                                       —                   —                        206                        —                         206                    206 Tax free bonds and government bonds 1,759                                       —                   —                          —                        —                      1,759                 1,973  (1)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 303, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "da9629bbdd054767"}, {"chunk_id": "0a53b7bc19a9435e", "content": "Liquid mutual fund units —                                       —              2,615                          —                        —                      2,615                 2,615 Target maturity fund units —                                       —                 431                          —                        —                         431                    431 Non convertible debentures —                                       —                   —                          —                   4,179                      4,179                 4,179 Government securities —                                       —                   —                          —                   7,362                      7,362                 7,362 Commercial paper —                                       —                   —                          —                   4,830                      4,830                 4,830 Certificates of deposit —                                       —                   —                          —                   3,043                      3,043                 3,043 Other investments —                                       —                 198                          —                        —                         198                    198 Trade receivables (Refer to Note 2.8)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 303, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2218a5066eeefa08"}, {"chunk_id": "16c7f4e44e3e1e82", "content": "—                                       —                 198                          —                        —                         198                    198 Trade receivables (Refer to Note 2.8) 30,193                                       —                   —                          —                        —                    30,193               30,193 Loans (Refer to Note 2.6) 282                                       —                   —                          —                        —                         282                    282 Other financials assets (Refer to Note 2.7) (3) 15,106                                       —                   61                          —                        23                    15,190               15,106  (2) Total 62,126                                       —              3,305                        206                 19,437                    85,074               85,204 Liabilities: Trade payables (Refer to Note 2.14) 3,956                                       —                   —                          —                        —                      3,956                 3,956 Lease liabilities (Refer to Note 2.21) 8,359                                       —                   —                          —                        —                      8,359                 8,359 Financial Liability under option arrangements", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 303, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2218a5066eeefa08"}, {"chunk_id": "f66cc8f8fb3a77ca", "content": "Financial Liability under option arrangements (Refer to Note 2.13) Other financial liabilities (Refer to Note 2.13) 15,750                                       —                   30                          —                          1                    15,781               15,781 Total 28,065                                       —                 627                          —                          1                    28,693               28,693 (1)  On account of fair value changes including interest accrued (2)  Excludes interest accrued on tax free bonds and government bonds carried at amortized cost of ₹84 crore (3)  Excludes unbilled revenue on contracts where the right to consideration is dependent on completion of contractual milestones —                                       —                 597                          —                        —                         597                    597 For trade receivables, trade payables, other assets and payables maturing within one year from the Balance Sheet date, the carrying amounts approximate the fair value due to the short maturity of these instruments. Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices).", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 303, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2218a5066eeefa08"}, {"chunk_id": "4a9f535b9e8dc5bd", "content": "Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices). Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs). The fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as at March 31, 2025 is as follows: Fair value measurement at end of the reporting Level 1 Level 2 Level 3 Assets Investments (Refer to note 2.5) Investments in liquid mutual fund units 1,957                   1,957                           —                      — Investments in target maturity fund units 465                      465                           —                      — Investments in tax free bonds 1,781                   1,227                         554                      — Investments in government bonds 31                        31                           —                      — Investments in non convertible debentures 4,869                   4,869                           —                      — Investment in government securities 7,008                   6,972                           36                      — Investments in commercial paper 3,641                        —                      3,641                      — Investments in certificates of deposit", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 303, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2218a5066eeefa08"}, {"chunk_id": "be3db77d66026b2e", "content": "Investments in commercial paper 3,641                        —                      3,641                      — Investments in certificates of deposit 3,504                        —                      3,504                      — Investments in equity instruments 59                        57                           —                        2 Investments in preference securities 192                        —                           —                    192 Other investments 196                        —                           —                    196 Others 192                        —                         192                      — Liabilities Derivative financial instruments - loss (Refer to Note 2.13) Derivative financial instruments - gain (Refer to Note 2.13) 63                        —                           63                      — 667                        —                           —                    667 Liability towards contingent consideration (Refer to Note 2.13) (2) 31                        —                           —                      31 Financial liability under option arrangements (Refer to Note 2.13)  (1) (1) Discount rate ranges from 9% to 15% (2)Discount rate - 6% During the year ended March 31, 2025, government securities and non convertible debentures of ₹297 crore was transferred from Level 2 to Level 1 of fair value hierarchy, since these were valued based on quoted price.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 303, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2218a5066eeefa08"}, {"chunk_id": "aa9cb935eaf80f9f", "content": "The fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as at March 31, 2024 was as follows: period using As at March 31, Fair value measurement at end of the reporting Level 1 Level 2 Level 3 Assets Investments (Refer to note 2.5) Investments in liquid mutual fund units 2,615                       2,615                                —                          — Investments in target maturity fund units 431                          431                                —                          — Investments in tax free bonds 1,944                   1,944                           —                          — Investments in government bonds 29                        29                                —                          — Investments in non convertible debentures 4,179                   3,922                         257                          — Investment in government securities 7,362                       7,289                                73                          — Investments in equity instruments 115                          113                                —                            2 Investments in preference securities 91                            —                                —                          91 Investments in commercial paper 4,830                            —                           4,830                      — Investments in certificates of deposit", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 305, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bdfda79da4d32c19"}, {"chunk_id": "d2b1dce8f62d3f73", "content": "Investments in commercial paper 4,830                            —                           4,830                      — Investments in certificates of deposit 3,043                            —                           3,043                      — Other investments 198                            —                                —                        198 Others Derivative financial instruments - gain (Refer to Note 2.13) 84                            —                                84                          — Derivative financial instruments - loss (Refer to Note 2.13) 31                            —                                31                          — (1) Discount rate ranges from 9% to 15% Financial liability under option arrangements  (Refer to Note 2.13)  (1) 597                            —                                —                        597 During the year ended March 31, 2024, government securities , non convertible debentures and tax free bonds of ₹2,143 crore was transferred from Level 2 to Level 1 of fair value hierarchy, since these were valued based on quoted price. Further, government securities of ₹ 73 crore were transferred from Level 1 to Level 2 of fair value hierarchy, since these were valued based on market observable inputs.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 305, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bdfda79da4d32c19"}, {"chunk_id": "525a3234a4bcd15c", "content": "Further, government securities of ₹ 73 crore were transferred from Level 1 to Level 2 of fair value hierarchy, since these were valued based on market observable inputs. A one percentage point change in the unobservable inputs used in fair valuation of Level 3 assets and liabilities does not have a significant impact in its value. Majority of investments of the Group are fair valued based on Level 1 or Level 2 inputs. These investments primarily include investment in liquid mutual fund units, target maturity fund units, tax-free bonds, certificates of deposit, commercial papers, treasury bills, government securities, non-convertible debentures, quoted bonds issued by government and quasi-government organizations. The Group invests after considering counterparty risks based on multiple criteria including Tier I capital, Capital Adequacy Ratio, Credit Rating, Profitability, NPA levels and Deposit base of banks and financial institutions. These risks are monitored regularly as per Group's risk management program. Financial risk management Financial risk factors The Group's activities expose it to a variety of financial risks: market risk, credit risk and liquidity risk. The Group's primary focus is to foresee the unpredictability of financial markets and seek to minimize potential adverse effects on its financial performance. The primary market risk to the Group is foreign exchange risk.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 305, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bdfda79da4d32c19"}, {"chunk_id": "7306036d8e53d0d5", "content": "seek to minimize potential adverse effects on its financial performance. The primary market risk to the Group is foreign exchange risk. The Group uses derivative financial instruments to mitigate foreign exchange related risk exposures. The Group's exposure to credit risk is influenced mainly by the individual characteristic of each customer and the concentration of risk from the top few customers. The Group operates internationally and a major portion of the business is transacted in several currencies and consequently the Group is exposed to foreign exchange risk through its sales and services in the United States and elsewhere, and purchases from overseas suppliers in various foreign currencies. The Group holds derivative financial instruments such as foreign exchange forward and option contracts to mitigate the risk of changes in exchange rates on foreign currency exposures. The Group is also exposed to foreign exchange risk arising on intercompany transaction in foreign currencies. The exchange rate between the Indian rupee and foreign currencies has changed substantially in recent years and may fluctuate substantially in the future. Consequently, the results of the Group’s operations are adversely affected as the rupee appreciates/ depreciates against these currencies. The following table analyses the foreign currency risk from financial assets and liabilities as at March 31, 2025: (In ₹ crore) Particulars", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 305, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bdfda79da4d32c19"}, {"chunk_id": "3d9c087657bfae49", "content": "The following table analyses the foreign currency risk from financial assets and liabilities as at March 31, 2025: (In ₹ crore) Particulars U.S. dollars Euro United Kingdom Net financial assets 26,821            11,791                      2,228                   1,356                      3,090               45,286 Net financial liabilities (13,154)            (3,766)                    (1,026)                     (706)                     (2,161)              (20,813) Total 13,667              8,025                      1,202                      650                         929               24,473 Other currencies Total The following table analyses the foreign currency risk from financial assets and liabilities as at March 31, 2024: (In ₹ crore) Particulars U.S. dollars Euro United Kingdom Other currencies Total Net financial assets 26,126              9,559                      2,153                   1,479                      2,917               42,234 Net financial liabilities (11,925)            (3,378)                       (710)                     (813)                     (2,218)              (19,044) Total 14,201              6,181                      1,443                      666                         699               23,190 Sensitivity analysis between Indian rupee and U.S. Dollar 2025 2024 Impact on the Group's incremental operating margins 0.43% 0.43%", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 305, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bdfda79da4d32c19"}, {"chunk_id": "1f7331e104e89b34", "content": "Sensitivity analysis between Indian rupee and U.S. Dollar 2025 2024 Impact on the Group's incremental operating margins 0.43% 0.43% Sensitivity analysis is computed based on the changes in the income and expenses in foreign currency upon conversion into functional currency, due to exchange rate fluctuations between the previous reporting period and the current reporting period. Derivative financial instruments", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 305, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bdfda79da4d32c19"}, {"chunk_id": "84f79dc2f50e3c48", "content": "The Group primarily holds derivative financial instruments such as foreign currency forward and option contracts to mitigate the risk of changes in exchange rates on foreign currency exposures. The counterparty for these contracts is generally a bank. These derivative financial instruments are valued based on quoted prices for similar assets and liabilities in active markets or inputs that are directly or indirectly observable in the marketplace. The details in respect of outstanding foreign currency forward and option contracts are as follows: As at As at March 31, 2025 March 31, 2024 In million In ₹ crore In million In ₹ crore Derivatives designated as cash flow hedges Forward contracts In Swiss Franc 53                          513 -                             - In Euro -                               -                                  30                        270 Option Contracts In Euro 341                   3,140                         236                 2,121 In Australian dollars 93                      500                         106                    573 In United Kingdom Pound Sterling 17                      188                           35                    368 Other derivatives Forward contracts In U.S. dollars 1,284                     10,976                           1,423                   11,866 In Euro 698                       6,432                              574                     5,163 In Singapore dollars", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 306, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f44e30ad917f0fab"}, {"chunk_id": "1e9e60512ba7eef1", "content": "1,284                     10,976                           1,423                   11,866 In Euro 698                       6,432                              574                     5,163 In Singapore dollars 133                          849                              171                     1,046 In United Kingdom Pound Sterling 53                          589                                86                        902 In Swiss Franc 51                          495                                17                        158 In Danish Krone 152                          188                              100                        121 In New Zealand dollars 37                          181                                30                        149 In Norwegian Krone 167                          136                              130                        100 In Australian dollars 24                          126                                14                          75 In Philippine Peso 500                            75 -                             - In Czech Koruna 176                            64                         374                    135 In Hungarian Forint 2,000                            44                           2,500                          57 In Hongkong dollar 40                            44 -                         - In Canadian dollars", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 306, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f44e30ad917f0fab"}, {"chunk_id": "1710c1c01ed32089", "content": "In Hungarian Forint 2,000                            44                           2,500                          57 In Hongkong dollar 40                            44 -                         - In Canadian dollars -                               -                                  15                          92 In Chinese Yuan -                               -                             43                      49 In South African rand -                               -                             85                      37 Option Contracts In U.S. dollars 796                   6,800                              543                     4,527 In Euro 179                   1,648                         100                    897 In Australian dollars 11                        57                           20                    111 Total forwards and options contracts 33,045 28,817 The group recognized a net loss of ₹99 crore during the year ended March 31, 2025 and a net gain of ₹186 crore for the year ended March 31, 2024, respectively, on derivative financial instruments not designated as cash flow hedges which are included in other income. The foreign exchange forward and option contracts mature within 12 months. The table below analyses the derivative financial instruments into relevant maturity groupings based on the remaining period as at the Balance Sheet date: (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Not later than one month", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 306, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f44e30ad917f0fab"}, {"chunk_id": "30ac3d90ae2a9a07", "content": "remaining period as at the Balance Sheet date: (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Not later than one month 15,506               10,877 Later than one month and not later than three months 16,641               15,963 Later than three months and not later than one year 898                 1,977 Total 33,045               28,817 During the year ended March 31, 2025 and March 31, 2024, the Group has designated certain foreign exchange forward and option contracts as cash flow hedges to mitigate the risk of foreign exchange exposure on highly probable forecast cash transactions. The related hedge transactions for balance in cash flow hedges as of March 31, 2025 are expected to occur and will be reclassified to the Consolidated Statement of Profit and Loss within 3 months. The Group determines the existence of an economic relationship between the hedging instrument and the hedged item based on the currency, amount and timing of its forecasted cash flows. Hedge effectiveness is determined at the inception of the hedge relationship, and through periodic prospective effectiveness assessments to ensure that an economic relationship exists between the hedged item and hedging instrument, including whether the hedging instrument is expected to offset changes in cash flows of hedged items.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 306, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f44e30ad917f0fab"}, {"chunk_id": "295de5c15ab57b2a", "content": "between the hedged item and hedging instrument, including whether the hedging instrument is expected to offset changes in cash flows of hedged items. If the hedge ratio for risk management purposes is no longer optimal but the risk management objective remains unchanged and the hedge continues to qualify for hedge accounting, the hedge relationship will be rebalanced by adjusting either the volume of the hedging instrument or the volume of the hedged item so that the hedge ratio aligns with the ratio used for risk management purposes. Any hedge ineffectiveness is calculated and accounted for in the Consolidated Statement of Profit and Loss at the time of the hedge relationship rebalancing. The following table provides reconciliation of cash flow hedge reserve for the year ended March 31, 2025 and March 31, 2024: (In ₹ crore) Particulars", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 306, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f44e30ad917f0fab"}, {"chunk_id": "35d01069a7a9b801", "content": "2025 2024 Gain/(Loss) Balance at the beginning of the year 6                       (5) Gain / (Loss) recognized in other comprehensive income during the year (5) 8 Amount reclassified to profit or loss during the year (27) 7 Tax impact on above 8                       (4) Balance at the end of the year (18) 6 The Group offsets a financial asset and a financial liability when it currently has a legally enforceable right to set off the recognized amounts and the Group intends either to settle on a net basis, or to realize the asset and settle the liability simultaneously. The quantitative information about offsetting of derivative financial assets and derivative financial liabilities is as follows: (In ₹ crore) Particulars As at As at March 31, 2025 March 31, 2024 Derivative financial asset Derivative financial liability Derivative financial asset liability Gross amount of recognized financial asset/liability 250                     (121) 98                     (45) Amount set off (58)                        58                          (14) 14 Net amount presented in Balance Sheet 192                       (63) 84                     (31) Credit risk refers to the risk of default on its obligation by the counterparty resulting in a financial loss. The maximum exposure to the credit risk at the reporting date is primarily from trade", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 308, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "42edcfa487ca5643"}, {"chunk_id": "911e949537fdf869", "content": "Credit risk refers to the risk of default on its obligation by the counterparty resulting in a financial loss. The maximum exposure to the credit risk at the reporting date is primarily from trade receivables amounting to ₹31,158 crore and ₹30,193 crore as at March 31, 2025 and March 31, 2024, respectively and unbilled revenues amounting to ₹15,083 crore and ₹14,548 crore as at March 31, 2025 and March 31, 2024, respectively. Trade receivables and unbilled revenues are typically unsecured and are derived from revenues from customers primarily located in the United States of America and Europe. Credit risk has always been managed by the Group through credit approvals, establishing credit limits and continuously monitoring the creditworthiness of customers to which the Group grants credit terms in the normal course of business. The Group uses the expected credit loss model to assess any required allowances; and uses a provision matrix to compute the expected credit loss allowance for trade receivables and unbilled revenues. This matrix takes into account credit reports and other related credit information to the extent available. The Group's exposure to credit risk is influenced mainly by the individual characteristic of each customer and the concentration of risk from the top few customers. Exposure to customers is", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 308, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "42edcfa487ca5643"}, {"chunk_id": "335634baa9a7238e", "content": "The Group's exposure to credit risk is influenced mainly by the individual characteristic of each customer and the concentration of risk from the top few customers. Exposure to customers is diversified and there is no single customer contributing more than 10% of outstanding trade receivables and unbilled revenues. The following table gives details in respect of percentage of revenues generated from top five customers and top ten customers: 2025 2024 Revenue from five top customers 13.2                   13.3 Revenue from top ten customers 20.5                   20.0 The Group’s credit period generally ranges from 30-75 days. The allowance for lifetime ECL on customer balances for the year ended March 31, 2025 and March 31, 2024 was ₹108 crore and  ₹90 crore, respectively. The movement in credit loss allowance on customer balance is as follows: (In ₹ crore) Particulars 2025 2024 Balance at the beginning 953                    961 Impairment loss recognized/ (reversed), net 108                      90 Amounts written off (91)                     (98) Translation differences 3 - Balance at the end 973                    953 The gross carrying amount of a financial asset is written off (either partially or in full) when there is no realistic prospect of recovery. (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Trade receivables 31,158               30,193 Unbilled revenues 15,082               14,548", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 308, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "42edcfa487ca5643"}, {"chunk_id": "376a0d1824fce5e3", "content": "(In ₹ crore) Particulars March 31, 2025 March 31, 2024 Trade receivables 31,158               30,193 Unbilled revenues 15,082               14,548 Days sales outstanding was 69 days and 71 days as of March 31, 2025 and March 31, 2024, respectively. Credit risk on cash and cash equivalents is limited as the Group generally invest in deposits with banks with high ratings assigned by international and domestic credit rating agencies. Ratings are monitored periodically and the Group has considered the latest available credit ratings as at the date of approval of these Consolidated financial statements. The investments of the Group primarily include investment in liquid mutual fund units, target maturity fund units, tax free bonds, certificates of deposit, commercial paper, treasury bills, government securities, non-convertible debentures, quoted bonds issued by government and quasi government organizations. The Group invests after considering counterparty risks based on multiple criteria including Tier I Capital, Capital Adequacy Ratio, credit rating, profitability, NPA levels and deposit base of banks and financial institutions. These risks are monitored regularly as per Group’s risk management program. Liquidity risk is defined as the risk that the Group will not be able to settle or meet its obligations on time.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 308, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "42edcfa487ca5643"}, {"chunk_id": "2b142308f5d9af3b", "content": "These risks are monitored regularly as per Group’s risk management program. Liquidity risk is defined as the risk that the Group will not be able to settle or meet its obligations on time. The Group's principal sources of liquidity are cash and cash equivalents and the cash flow that is generated from operations. The Group has no outstanding borrowings. The Group believes that the working capital is sufficient to meet its current requirements. As at March 31, 2025, the Group had a working capital of ₹54,249 crore including cash and cash equivalents of ₹24,455 crore and current investments of ₹12,482 crore. As at March 31, 2024, the Group had a working capital of ₹50,638 crore including cash and cash equivalents of ₹14,786 crore and current investments of ₹12,915 crore. As at March 31, 2025 and March 31, 2024, the outstanding compensated absences were ₹3,007 crore and ₹2,711 crore, respectively, which have been substantially funded. Accordingly no liquidity risk is perceived. Refer to Note 2.21 Leases for remaining contractual maturities of lease liabilities. The table below provides details regarding the contractual maturities of significant financial liabilities as at March 31, 2025: (In ₹ crore) Particulars Less than 1 4,164 -                           -                              -                   4,164 1-2 years 2-4 years 4-7 years Total", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 308, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "42edcfa487ca5643"}, {"chunk_id": "1c18d17597d1d203", "content": "(In ₹ crore) Particulars Less than 1 4,164 -                           -                              -                   4,164 1-2 years 2-4 years 4-7 years Total Other financial liabilities (excluding liability towards contingent consideration) on an undiscounted basis (Refer to Note 2.13) 14,606                      1,750                      145                           12               16,513 Financial liability under option arrangements on an undiscounted basis (Refer to Note 2.13) Liability towards contingent consideration on an undiscounted basis (Refer to Note 2.13)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 308, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "42edcfa487ca5643"}, {"chunk_id": "6bbabb3372f01138", "content": "612 -                        149 -                      761 12                          21 -                              -                        33 The table below provides details regarding the contractual maturities of significant financial liabilities as at March 31, 2024: (In ₹ crore) Particulars Less than 1 3,956 -                           -                              -                   3,956 1-2 years 2-4 years 4-7 years Total Other financial liabilities (excluding liability towards contingent consideration) (Refer to Note 2.13) Financial liability under option arrangements on an undiscounted basis (Refer to Note 2.13) Liability towards contingent consideration on an undiscounted basis (Refer to Note 2.13) 13,820                      1,321                      570                           67               15,778 554 -                           -                           136                    690 -                             -                           -                              -                         - Ordinary shares are classified as equity share capital. Incremental costs directly attributable to the issuance of new ordinary shares, share options and buyback are recognized as a deduction from equity, net of any tax effects.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 310, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2097a8f1cd47e506"}, {"chunk_id": "9ff2464e6df652bb", "content": "Incremental costs directly attributable to the issuance of new ordinary shares, share options and buyback are recognized as a deduction from equity, net of any tax effects. When any entity within the Group purchases the company's ordinary shares, the consideration paid including any directly attributable incremental cost is presented as a deduction from total equity, until they are cancelled, sold or reissued. When treasury shares are sold or reissued subsequently, the amount received is recognized as an increase in equity, and the resulting surplus or deficit on the transaction is transferred to / from securities premium. Description of reserves Capital Redemption Reserve In accordance with section 69 of the Indian Companies Act, 2013, the Company creates capital redemption reserve equal to the nominal value of the shares bought back as an appropriation from general reserve / retained earnings. Retained earnings represent the amount of accumulated earnings of the Group. The amount received in excess of the par value of equity shares has been classified as securities premium. Amounts have been utilized for bonus issue and share buyback from share premium account. Share options outstanding account The share options outstanding account is used to record the fair value of equity-settled share based payment transactions with employees. The amounts recorded in share options outstanding account are transferred to", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 310, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2097a8f1cd47e506"}, {"chunk_id": "890146cb096fada5", "content": "The amounts recorded in share options outstanding account are transferred to securities premium upon exercise of stock options and transferred to general reserve on account of stock options not exercised by employees. Special Economic Zone Re-investment reserve The Special Economic Zone Re-investment reserve has been created out of the profit of the eligible SEZ unit in terms of the provisions of Sec 10AA (1)(ii) of Income Tax Act, 1961. The reserve should be utilized by the Company for acquiring new plant and machinery for the purpose of its business in terms of the provisions of the Sec 10AA (2) of the Income Tax Act, 1961. Other components of equity Other components of equity include currency translation, remeasurement of net defined benefit liability / asset, equity instruments fair valued through other comprehensive income, changes on fair valuation of investments and changes in fair value of derivatives designated as cash flow hedges, net of taxes. Currency translation reserve The exchange differences arising from the translation of financial statements of foreign subsidiaries with functional currency other than Indian rupees is recognized in other comprehensive income and is presented within equity. Cash flow hedge reserve", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 310, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2097a8f1cd47e506"}, {"chunk_id": "5465f80e883421ba", "content": "within equity. Cash flow hedge reserve When a derivative is designated as a cash flow hedging instrument, the effective portion of changes in the fair value of the derivative is recognized in other comprehensive income and accumulated in the cash flow hedging reserve. The cumulative gain or loss previously recognized in the cash flow hedging reserve is transferred to the Consolidated Statement of Profit and Loss upon the occurrence of the related forecasted transaction. (In ₹ crore, except as otherwise stated) March 31, 2025 March 31, 2024 Authorized Equity shares, ₹5 par value 480,00,00,000 (480,00,00,000) equity shares 2,400                        2,400 Issued, Subscribed and Paid-Up Equity shares, ₹5 par value(1) 2,073                        2,071 2,073                        2,071 Note: Forfeited shares amounted to ₹1,500 (₹1,500) 414,36,07,528  (413,99,50,635) equity shares fully paid-up(2) (1) Refer to Note 2.23  for details of basic and diluted shares (2) Net of treasury shares 96,55,927 (1,09,16,829) The Company has only one class of shares referred to as equity shares having a par value of ₹5/-. Each holder of equity shares is entitled to one vote per share. The equity shares represented by American Depositary Shares (ADS) carry similar rights to voting and dividends as the other equity shares. Each ADS represents one underlying equity share.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 310, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2097a8f1cd47e506"}, {"chunk_id": "9eda3f71a3ffe474", "content": "The equity shares represented by American Depositary Shares (ADS) carry similar rights to voting and dividends as the other equity shares. Each ADS represents one underlying equity share. In the event of liquidation of the Company, the holders of equity shares will be entitled to receive any of the remaining assets of the Company in proportion to the number of equity shares held by the shareholders, after distribution of all preferential amounts. However, no such preferential amounts exist currently, other than the amounts held by irrevocable controlled trusts. For irrevocable controlled trusts, the corpus would be settled in favor of the beneficiaries. There are no voting, dividend or liquidation rights to the holders of options issued under the company's share option plans For details of shares reserved for issue under the employee stock option plan of the Company refer to the note below. In the period of five years immediately preceding March 31, 2025: In the period of five years immediately preceding March 31, 2025, the Company had purchased and extinguished a total of 11,62,33,685 fully paid-up equity shares of face value ₹5/- each from the stock exchange. The Company has only one class of equity shares. Capital allocation policy", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 310, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2097a8f1cd47e506"}, {"chunk_id": "175accb8aa3a432a", "content": "The Company has only one class of equity shares. Capital allocation policy Effective from financial year 2025, the Company expects to continue its policy of returning approximately 85% of the free cash flow cumulatively over a 5-year period through a combination of semi-annual dividends and/or share buyback/ special dividends subject to applicable laws and requisite approvals, if any. Under this policy, the Company expects to progressively increase its annual dividend per share (excluding special dividend if any). Free cash flow is defined as net cash provided by operating activities less capital expenditure as per the consolidated statement of cash flows prepared under IFRS. Dividend and buyback include applicable taxes.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 310, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2097a8f1cd47e506"}, {"chunk_id": "d6bdf511e409a9b2", "content": "The Company’s objective when managing capital is to safeguard its ability to continue as a going concern and to maintain an optimal capital structure so as to maximize shareholder value. In order to maintain or achieve an optimal capital structure, the Company may adjust the amount of dividend payment, return capital to shareholders, issue new shares or buy back issued shares. As of March 31, 2025, the Company has only one class of equity shares and has no debt. Consequent to the above capital structure there are no externally imposed capital requirements. 2.12.2 Shareholding of promoter Promoter name No. of shares % of total shares % Change during Shares held by promoters as at March 31, 2025 and the change during the year ended March 31, 2025: the year Sudha Gopalakrishnan 95,357,000 2.30% - Rohan Murty 60,812,892 1.46% - S. Gopalakrishnan 31,853,808 0.77% - Nandan M. Nilekani 40,783,162 0.98% - Akshata Murty 38,957,096 0.94% - Asha Dinesh 38,579,304 0.93% - Sudha N. Murty 34,550,626 0.83% - Rohini Nilekani 34,335,092 0.83% - Dinesh Krishnaswamy 32,479,590 0.78% - Shreyas Shibulal 19,929,860 0.48% (6.54%) N. R. Narayana Murthy 15,145,638 0.36% - Nihar Nilekani 12,677,752 0.31% - Janhavi Nilekani 8,589,721 0.21% - Kumari Shibulal 4,945,935 0.12% - Deeksha Dinesh 7,646,684 0.18% - Divya Dinesh 7,646,684 0.18% - Meghana Gopalakrishnan 14,834,928 0.36% - Shruti Shibulal 8,705,651 0.21% 218.01% S. D. Shibulal 5,208,673 0.13% - Promoters Group Ekagrah Rohan Murty 1,500,000 0.04% - Gaurav Manchanda 5,773,233 0.14% (53.90%)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 311, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e573c65857b7e6e4"}, {"chunk_id": "dc7f8007968a2ccd", "content": "7,646,684 0.18% - Meghana Gopalakrishnan 14,834,928 0.36% - Shruti Shibulal 8,705,651 0.21% 218.01% S. D. Shibulal 5,208,673 0.13% - Promoters Group Ekagrah Rohan Murty 1,500,000 0.04% - Gaurav Manchanda 5,773,233 0.14% (53.90%) Milan Shibulal Manchanda 6,106,302 0.15% (6.25%) Nikita Shibulal Manchanda 6,106,302 0.15% (6.25%) Bhairavi Madhusudhan Shibulal 5,427,875 0.13% (9.86%) Shray Chandra 719,424 0.02% - Tanush Nilekani Chandra 3,356,017 0.08% - The percentage shareholding above has been computed considering the outstanding number of shares of 4,153,263,455 as at March 31, 2025. The final dividend on shares is recorded as a liability on the date of approval by the shareholders and interim dividends are recorded as a liability on the date of declaration by the Company's Board of Directors. Income tax consequences of dividends on financial instruments classified as equity will be recognized according to where the entity originally recognized those past transactions or events that generated distributable profits. The Company declares and pays dividends in Indian rupees. Companies are required to pay/distribute dividend after deducting applicable taxes. The remittance of dividends outside India is governed by Indian law on foreign exchange and is also subject to withholding tax at applicable rates. The amount of per share dividend recognized as distribution to equity shareholders in accordance with Companies Act 2013 is as follows: (in ₹) Particulars 2025 2024", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 311, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e573c65857b7e6e4"}, {"chunk_id": "730790c880b17490", "content": "The amount of per share dividend recognized as distribution to equity shareholders in accordance with Companies Act 2013 is as follows: (in ₹) Particulars 2025 2024 Interim dividend for fiscal 2025 21.00                             — Special dividend for fiscal 2024 8.00                             — Final dividend for fiscal 2024 20.00                             — Interim dividend for fiscal 2024 —                        18.00 Final dividend for fiscal 2023 —                        17.50 During the year ended March 31, 2025, on account of the final and special dividend for fiscal 2024 and interim dividend for fiscal 2025, the Company has incurred a net cash outflow of ₹20,295 crore (excluding dividend paid on treasury shares) The Board of Directors in their meeting held on April 17, 2025 recommended a final dividend of ₹22/- per equity share for the financial year ended March 31, 2025. The payment is subject to the approval of shareholders in the AGM of the Company to be held on June 25, 2025 and if approved, would result in a net cash outflow of approximately ₹9,116 crore (excluding dividend paid on treasury shares). Name of the shareholder The details of shareholders holding more than 5% shares as at March 31, 2025 and March 31, 2024 are as follows: As at March 31, 2025 As at March 31, 2024 Number of shares % held Number of shares % held 43,98,60,715 10.59 44,24,17,564 10.66 Life Insurance Corporation of India 38,81,12,531 9.34 38,59,52,941 9.30", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 311, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e573c65857b7e6e4"}, {"chunk_id": "d4ba045bafb1e190", "content": "As at March 31, 2025 As at March 31, 2024 Number of shares % held Number of shares % held 43,98,60,715 10.59 44,24,17,564 10.66 Life Insurance Corporation of India 38,81,12,531 9.34 38,59,52,941 9.30 Deutsche Bank Trust Company Americas (Depository of ADR's - legal ownership) (In ₹ crore, except as stated otherwise) Particulars The reconciliation of the number of shares outstanding and the amount of share capital as at March 31, 2025 and March 31, 2024 are as follows: Number of shares Amount Number of shares Amount As at the beginning of the year 413,99,50,635                     2,071 413,63,87,925                        2,069 Add: Shares issued on exercise of employee stock options 36,56,893                            2 35,62,710                               2 As at the end of the year 414,36,07,528                     2,073 413,99,50,635                        2,071 2.12.4 Employee Stock Option Plan (ESOP): The Group recognizes compensation expense relating to share-based payments in net profit based on estimated fair values of the awards on the grant date. The estimated fair value of awards is recognized as an expense in the statement of profit and loss on a straight-line basis over the requisite service period for each separately vesting portion of the award as if the award was in-substance, multiple awards with a corresponding increase to share options outstanding account. Infosys Expanded Stock Ownership Program 2019 (the 2019 Plan) :", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 311, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e573c65857b7e6e4"}, {"chunk_id": "36975fb2a69b289e", "content": "On June 22, 2019 pursuant to approval by the shareholders in the Annual General Meeting, the Board has been authorized to introduce, offer, issue and provide share-based incentives to eligible employees of the Company and its subsidiaries under the 2019 Plan. The maximum number of shares under the 2019 Plan shall not exceed 5,00,00,000 equity shares. To implement the 2019 Plan, up to 4,50,00,000 equity shares may be issued by way of secondary acquisition of shares by Infosys Expanded Stock Ownership Trust. The Restricted Stock Units (RSUs) granted under the 2019 Plan shall vest based on the achievement of defined annual performance parameters as determined by the administrator (Nomination and Remuneration Committee). The performance parameters will be based on a combination of relative Total Shareholder Return (TSR) against selected industry peers and certain broader market domestic and global indices and operating performance metrics of the Company as decided by administrator. Each of the above performance parameters will be distinct for the purposes of calculation of quantity of shares to vest based on performance. These instruments will generally vest between a minimum of 1 to maximum of 3 years from the grant date. 2015 Stock Incentive Compensation Plan (the 2015 Plan) :", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 312, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5ee80fb8e4bbd5f0"}, {"chunk_id": "28d0d66cdb68311b", "content": "These instruments will generally vest between a minimum of 1 to maximum of 3 years from the grant date. 2015 Stock Incentive Compensation Plan (the 2015 Plan) : On March 31, 2016, pursuant to the approval by the shareholders through postal ballot, the Board was authorized to introduce, offer, issue and allot share-based incentives to eligible employees of the Company and its subsidiaries under the 2015 Stock Incentive Compensation Plan. The maximum number of shares under the 2015 Plan shall not exceed 2,40,38,883 equity shares (this includes 1,12,23,576 equity shares which are held by the trust towards the 2011 Plan as at March 31, 2016). These instruments will generally vest over a period of 4 years. The plan numbers mentioned above are further adjusted with the September 2018 bonus issue. The equity settled and cash settled RSUs and stock options would vest generally over a period of 4 years and shall be exercisable within the period as approved by the Nomination and Remuneration Committee (NARC). The exercise price of the RSUs will be equal to the par value of the shares and the exercise price of the stock options would be the market price as on the date of grant. Controlled trust holds 96,55,927 and 1,09,16,829 shares as at March 31, 2025 and March 31, 2024, respectively, under the 2015 Plan. Out of these shares, 200,000 equity shares each have been earmarked for", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 312, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5ee80fb8e4bbd5f0"}, {"chunk_id": "7078a5191ca0eafd", "content": "Controlled trust holds 96,55,927 and 1,09,16,829 shares as at March 31, 2025 and March 31, 2024, respectively, under the 2015 Plan. Out of these shares, 200,000 equity shares each have been earmarked for welfare activities of the employees as at March 31, 2025 and March 31, 2024. The following is the summary of grants made during year ended March 31, 2025 and March 31, 2024: Year ended March 31, Year ended  March 31, Particulars 2019 Plan 2015 Plan 2025 2024 2025 2024 Equity Settled RSUs Key Management Personnel (KMP) 119,699                 141,171                       380,842                    498,730 Employees other than KMP 3,624,646              4,046,731                    1,874,690                 4,640,640 3,744,345              4,187,902                    2,255,532                 5,139,370 Cash settled RSUs Key Management Personnel (KMP) -                             -                                   -                                - Employees other than KMP -                             -                           94,050                    176,990 -                             -                           94,050                    176,990 Total Grants 3,744,345              4,187,902                    2,349,582                 5,316,360 Notes on grants to KMP: The Board, on April 18, 2024, based on the recommendations of the Nomination and Remuneration Committee approved the following grants for fiscal 2025.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 312, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5ee80fb8e4bbd5f0"}, {"chunk_id": "1818d12997873d5d", "content": "Notes on grants to KMP: The Board, on April 18, 2024, based on the recommendations of the Nomination and Remuneration Committee approved the following grants for fiscal 2025. In accordance with such approval the following grants were made effective May 2, 2024. - 245,679 performance-based RSUs (Annual performance equity grant) of fair value of ₹34.75 crore. These RSUs will vest in line with the employment agreement based on achievement of certain performance targets. - 14,140 performance-based grant of RSUs (Annual performance equity ESG grant) of fair value of ₹2 crore. These RSUs will vest in line with the employment agreement based on achievement of certain environment, social and governance milestones as determined by the Board. - 35,349 performance-based grant of RSUs (Annual performance Equity TSR grant) of fair value of ₹5 crore . These RSUs will vest in line with the employment agreement based on Company’s performance on cumulative relative TSR over the years and as determined by the Board. Further, in accordance with the employee agreement which has been approved by the shareholders, the CEO is eligible to receive an annual grant of RSUs of fair value ₹3 crore which will vest overtime in three equal annual installments upon the completion of each year of service from the respective grant date. Accordingly, annual time-based grant of 16,204 RSUs was made effective February 1, 2025 for fiscal 2025.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 312, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5ee80fb8e4bbd5f0"}, {"chunk_id": "c4cf5307f77da246", "content": "annual installments upon the completion of each year of service from the respective grant date. Accordingly, annual time-based grant of 16,204 RSUs was made effective February 1, 2025 for fiscal 2025. Though the annual time based grants and annual performance equity TSR grant for the remaining employment term ending on March 31, 2027 have not been granted as of March 31, 2025, since the service commencement date precedes the grant date, the company has recorded employment stock compensation expense in accordance with Ind AS 102, Share based payment. The grant date for this purpose in accordance with Ind AS 102, Share based payment is July 01, 2022. The Board, on April 18, 2024, based on the recommendations of the Nomination and Remuneration Committee, approved performance-based grant of RSUs amounting to ₹10 crore for fiscal 2025 under the 2019 Plan. These RSUs will vest based on achievement of certain performance targets. Accordingly, 70,699 performance based RSU’s were granted effective May 2, 2024. During the year ended March 31, 2025, based on recommendations of Nomination and Remuneration Committee, the Board approved 69,470 time based RSUs to other KMP under the 2015 plan. Time based RSUs will vest over four years. Under the 2019 Plan:", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 312, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5ee80fb8e4bbd5f0"}, {"chunk_id": "a96430149864d66a", "content": "Time based RSUs will vest over four years. Under the 2019 Plan: During the year ended March 31, 2025, based on recommendations of Nomination and Remuneration Committee, the Board approved performance based grants of 49,000 RSUs to other KMPs under the 2019 plan. These RSUs will vest over three years based on achievement of certain performance targets. The break-up of employee stock compensation expense is as follows: (in ₹ crore) Particulars 2025 2024 Granted to: KMP 70                             68 Employees other than KMP 732                           584 Total (1) 802                           652 17                             13 (1) Cash-settled stock compensation expense included in the above The activity in the 2015 and 2019 Plan for equity-settled share based payment transactions during the year ended March 31, 2025 and March 31, 2024 is set out as follows: Year ended March 31, 2025 Year ended March 31, 2024 Shares arising out of", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 312, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5ee80fb8e4bbd5f0"}, {"chunk_id": "528437e2778d99f9", "content": "2015 Plan: RSU Outstanding at the beginning 80,76,058                       5.00 54,08,018 5.00 Granted 22,55,532                       5.00 51,39,370 5.00 Exercised 20,80,865                       5.00 18,15,025 5.00 Forfeited and expired 9,91,261                       5.00 6,56,305 5.00 Outstanding at the end 7,259,464                       5.00 80,76,058                          5.00 Exercisable at the end 6,29,138 4.97 8,31,050 4.98 2015 Plan: Employee Stock Options (ESOPs) Outstanding at the beginning 82,050                        551 1,34,030                           529 Granted -                             -                                   -                                - Exercised 61,672                        573 51,980                           499 Forfeited and expired 2,824                        499 -                                - Outstanding at the end 17,554                        499 82,050                           551 Exercisable at the end 17,554                        499 82,050                           551 2019 Plan: RSU Outstanding at the beginning 80,23,855                       5.00 72,22,038                          5.00 Granted 37,44,345                       5.00 41,87,902                          5.00 Exercised 15,14,356                       5.00 16,95,705                          5.00 Forfeited and expired 21,81,209                       5.00 16,90,380                          5.00 Outstanding at the end 8,072,635                       5.00", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 314, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3f79d4f41956623b"}, {"chunk_id": "d6593ce9eb7f9aee", "content": "16,95,705                          5.00 Forfeited and expired 21,81,209                       5.00 16,90,380                          5.00 Outstanding at the end 8,072,635                       5.00 80,23,855                          5.00 Exercisable at the end 7,70,321                       5.00 8,14,798                          5.00 The weighted average share price of option exercised is set out as follows: Particulars Year ended March 31, Year ended March 31, 2025 2024 2025 2024 1,587                     1,352                           1,601                        1,414 Weighted average share price of options exercised The summary of information about equity settled RSUs and ESOPs outstanding as at March 31, 2025 is as follows: 2019 Plan - Options outstanding 2015 Plan - Options outstanding Range of exercise prices per share (₹) No. of shares arising out of options Weighted average remaining contractual life Weighted average exercise price (₹) No. of shares arising out of options Weighted average remaining contractual life Weighted average exercise price (₹) 0 - 5 (RSU) 8,072,635                         1.23                          5.00              7,259,464                             1.51                          5.00 450 - 640 (ESOP) -                               -                                - 17,554 0.58                           499 The summary of information about equity settled RSUs and ESOPs outstanding as at March 31, 2024 is as follows:", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 314, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3f79d4f41956623b"}, {"chunk_id": "51bb90554881c95d", "content": "17,554 0.58                           499 The summary of information about equity settled RSUs and ESOPs outstanding as at March 31, 2024 is as follows: Range of exercise prices per share (₹) No. of shares arising out of options 2019 Plan - Options outstanding 2015 Plan - Options outstanding Weighted average remaining contractual life Weighted average exercise price (₹) No. of shares arising out of options Weighted average remaining contractual life Weighted average exercise price (₹) 0 - 5 (RSU) 80,23,855                         1.42                          5.00 80,76,058 1.77                          5.00 450 - 640 (ESOP) -                               -                                - 82,050 1.10                           551 As at March 31, 2025 and March 31, 2024, 2,88,384 and 2,91,795 cash settled options were outstanding respectively. The carrying value of liability towards cash settled share based payments was ₹18 crore and ₹13 crore as at March 31, 2025 and March 31, 2024 respectively. The fair value of the awards are estimated using the Black-Scholes Model for time and non-market performance based options and Monte Carlo simulation model is used for TSR based options. The inputs to the model include the share price at date of grant, exercise price, expected volatility, expected dividends, expected term and the risk free rate of interest. Expected volatility during the expected term of", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 314, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3f79d4f41956623b"}, {"chunk_id": "af06d389b9ce89f4", "content": "Expected volatility during the expected term of the options is based on historical volatility of the observed market prices of the Company's publicly traded equity shares during a period equivalent to the expected term of the options. Expected volatility of the comparative company have been modelled based on historical movements in the market prices of their publicly traded equity shares during a period equivalent to the expected term of the options. Correlation coefficient is calculated between each peer entity and the indices as a whole or between each entity in the peer group. The fair value of each equity settled award is estimated on the date of grant using the following assumptions: For options granted in Fiscal 2025- Equity Shares-RSU Fiscal 2024- Equity Shares-RSU Weighted average share price (₹) / ($ ADS) 1,808                     21.44                           1,588                        19.19 Exercise price (₹) / ($ ADS) 5.00                       0.07                             5.00                          0.07 Expected volatility (%) 21-26 23-28 23-31 25-33 Expected life of the option (years) 1-4 1-4 1-4 1-4 Expected dividends (%) 2-3 2-3 2-3 2-3 Risk-free interest rate (%) 7 4-5 7 4-5 1,555                     18.20                           1,317                        16.27 Weighted average fair value as on grant date (₹) / ($ ADS)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 314, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3f79d4f41956623b"}, {"chunk_id": "69b60b6979357e8c", "content": "2-3 2-3 2-3 Risk-free interest rate (%) 7 4-5 7 4-5 1,555                     18.20                           1,317                        16.27 Weighted average fair value as on grant date (₹) / ($ ADS) The expected life of the RSU/ESOP is estimated based on the vesting term and contractual term of the RSU/ESOP, as well as expected exercise behavior of the employee who receives the RSU/ESOP. 2.13  OTHER FINANCIAL LIABILITIES (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Non-current Others Accrued compensation to employees (1) 12                                      7 Accrued expenses (1) 1,890                               1,779 Compensated absences 99                                    89 Financial liability under option arrangements (2) # 115                                    98 Payable for acquisition of business - Contingent consideration (2) 20                                    — Other Payables (1)(4) 5                                  157 Total non-current other financial liabilities 2,141                               2,130 Current Unpaid dividends (1) 45                                    37 Others Accrued compensation to employees (1) 4,924                               4,454", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 314, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3f79d4f41956623b"}, {"chunk_id": "5c090e6621214163", "content": "Accrued expenses (1) 8,467                               8,224 Payable for acquisition of business - Contingent consideration (2) 11                                    — Payable by controlled trusts (1) 173                                  211 Compensated absences 2,908                               2,622 Financial liability under option arrangements (2) # 552                                  499 Foreign currency forward and options contracts (2) (3) 63                                    31 Capital creditors (1) 520                                  310 Other payables (1)(4) 475                                  571 Total current other financial liabilities 18,138                             16,959 Total other financial liabilities 20,279                             19,089 (1) Financial liability carried at amortized cost 16,511                             15,750 (2) Financial liability carried at fair value through profit or loss 728                                  627 (3) Financial liability carried at fair value through other comprehensive income 33                                      1 Financial liability under option arrangements on an undiscounted basis 761                                  690 Contingent consideration on undiscounted basis 33                                    —", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 315, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3e71b4a0074b9ff4"}, {"chunk_id": "22bdc7ec7554079a", "content": "Financial liability under option arrangements on an undiscounted basis 761                                  690 Contingent consideration on undiscounted basis 33                                    — (4) The Group entered into financing arrangements with a third party towards technology assets taken over by the Group from a customer as a part of transformation project which was not considered as distinct goods or services as the control related to those assets was not transferred to the Group in accordance with Ind AS 115 - Revenue from contract with customers. As at March 31, 2025 and March 31, 2024, the financial liability pertaining to such arrangements amounts to ₹67 crore and ₹372 crore, respectively. # Represents liability related to options issued by the Group over the non-controlling interests in its subsidiaries Accrued expenses primarily relate to cost of technical sub-contractors, telecommunication charges, legal and professional charges, brand building expenses, overseas travel expenses, office maintenance and cost of third party software and hardware. (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Outstanding dues of micro enterprises and small enterprises (MSME) 8                                  101 Outstanding dues of creditors other than micro enterprises and small enterprises(1) 4,156                               3,855 Total trade payables 4,164                               3,956", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 315, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3e71b4a0074b9ff4"}, {"chunk_id": "09d6a770b7ac62e1", "content": "Outstanding dues of creditors other than micro enterprises and small enterprises(1) 4,156                               3,855 Total trade payables 4,164                               3,956 Trade payables ageing schedule for the year ended as on March 31, 2025 and March 31, 2024: (In ₹ crore) Particulars Not Due Less than  1 year 1-2 years 2-3 years More than 3 years Total Outstanding dues to MSME 8 - - - - 8 101 - - - - 101 Others 3,742 414 - - - 4,156 3,688 167 - - - 3,855 Total trade payables 3,750 414 - - - 4,164 3,789 167 - - - 3,956 Outstanding for following periods from due date of  payment Relationship with struck off companies There are no transactions with struck off companies for the year ending March 31, 2025 and March 31, 2024. (In ₹ crore) Particulars 2.15  OTHER LIABILITIES March 31, 2025 March 31, 2024 Non-current Others Accrued defined benefit liability 115                                  159 Others 100                                    76 Total non-current other liabilities 215                                  235 Current Unearned revenue 8,492                               7,341 Others Withholding taxes and others 3,256                               3,185 Accrued defined benefit liability 6                                      5 Others 11                                      8 Total current other liabilities 11,765                             10,539 Total other liabilities 11,980                             10,774", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 315, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3e71b4a0074b9ff4"}, {"chunk_id": "e7cba09cf362b4a2", "content": "Others 11                                      8 Total current other liabilities 11,765                             10,539 Total other liabilities 11,980                             10,774 A provision is recognized if, as a result of a past event, the Group has a present legal or constructive obligation that is reasonably estimable, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The Group recognizes a reimbursement asset when, and only when, it is virtually certain that the reimbursement will be received if the Group settles the obligation. a. Post sales client support The Group provides its clients with a fixed-period post sales support on its fixed-price, fixed-timeframe contracts. Costs associated with such support services are accrued at the time related revenues are recorded and included in Consolidated Statement of Profit and Loss. The Group estimates such costs based on historical experience and estimates are reviewed on a periodic basis for any material changes in assumptions and likelihood of occurrence.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 315, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3e71b4a0074b9ff4"}, {"chunk_id": "29ff27dbb68ea8a4", "content": "Provisions for onerous contracts are recognized when the expected benefits to be derived by the Group from a contract are lower than the unavoidable costs of meeting the future obligations under the contract. Provisions for estimated losses, if any, on incomplete contracts are recorded in the period in which such losses become probable based on the estimated efforts or costs to complete the contract. The provision is measured at the present value of the lower of the expected cost of terminating the contract and the expected net cost of continuing with the contract. Before a provision is established the Group recognizes any impairment loss on the assets associated with that contract. (In ₹ crore) Particulars Provision for post-sales client support and other provisions: March 31, 2025 March 31, 2024 Current Others Post-sales client support and others 1,325                               1,796 Other provisions pertaining to settlement (refer to note 2.24.2) 150                                    — Total provisions 1,475                               1,796 The movement in the provision for post-sales client support and others is as follows: (In ₹ crore) Particulars Year ended March 31, 2025 Balance at the beginning 1,796 Provision recognized / (reversed) 166 Provision utilized (676) Translation difference 39 Balance at the end 1,325", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 316, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "173607051918acbe"}, {"chunk_id": "3205b7cbf7e75e4e", "content": "(In ₹ crore) Particulars Year ended March 31, 2025 Balance at the beginning 1,796 Provision recognized / (reversed) 166 Provision utilized (676) Translation difference 39 Balance at the end 1,325 Provision for post sales client support and other provisions majorly represents costs associated with providing sales support services which are accrued at the time of recognition of revenues and are expected to be utilized over a period of 1 year. Provision for post sales client support and other provisions is included in cost of sales in the consolidated statement of profit and loss. Income tax expense comprises current and deferred income tax. Income tax expense is recognized in net profit in the Consolidated Statement of Profit and Loss except to the extent that it relates to items recognized directly in equity, in which case it is recognized in equity or other comprehensive income. Current income tax for current and prior periods is recognized at the amount expected to be paid to or recovered from the tax authorities, using the tax rates and tax laws that have been enacted or substantively enacted by the Balance Sheet date. Deferred income tax assets and liabilities are recognized for all temporary differences arising between the tax bases of assets and liabilities", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 316, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "173607051918acbe"}, {"chunk_id": "3e5ab4b9facef0a4", "content": "enacted by the Balance Sheet date. Deferred income tax assets and liabilities are recognized for all temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements except when the deferred income tax arises from the initial recognition of goodwill or an asset or liability in a transaction that is not a business combination and affects neither accounting nor taxable profit or loss at the time of the transaction. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized. Deferred income tax assets and liabilities are measured using tax rates and tax laws that have been enacted or substantively enacted by the Balance Sheet date and are expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of changes in tax rates on deferred income tax assets and liabilities is recognized as income or expense in the period that includes the enactment or the substantive enactment date. A deferred income tax asset is recognized to the extent that it is probable that future taxable profit will be available against which the deductible temporary differences and tax losses can be utilized. Deferred income", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 316, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "173607051918acbe"}, {"chunk_id": "9417cb87a62420fd", "content": "to the extent that it is probable that future taxable profit will be available against which the deductible temporary differences and tax losses can be utilized. Deferred income taxes are not provided on the undistributed earnings of subsidiaries and branches where it is expected that the earnings of the subsidiary or branch will not be distributed in the foreseeable future. The Group offsets current tax assets and current tax liabilities; deferred tax assets and deferred tax liabilities, where it has a legally enforceable right to set off the recognized amounts and where it intends either to settle on a net basis, or to realize the asset and settle the liability simultaneously. The income tax provision for the interim period is made based on the best estimate of the annual average tax rate expected to be applicable for the full financial year. Tax benefits of deductions earned on exercise of employee share options in excess of compensation charged to income are credited to equity. Income tax expense in the Consolidated Statement of Profit and Loss comprises: (In ₹ crore) Particulars 2025 2024 Current taxes 12,130                      8,390 Deferred taxes (1,272)                      1,350 Income tax expense 10,858                      9,740 A reconciliation of the income tax provision to the amount computed by applying the statutory income tax rate to the income before income taxes is summarized below: (In ₹ crore) Particulars 2025 2024", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 316, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "173607051918acbe"}, {"chunk_id": "af9aaf7ac1bed4dc", "content": "A reconciliation of the income tax provision to the amount computed by applying the statutory income tax rate to the income before income taxes is summarized below: (In ₹ crore) Particulars 2025 2024 Profit before income taxes 37,608                    35,988 Enacted tax rates in India 25.17% 34.94% Computed expected tax expense 9,465                    12,576 Tax effect due to non-taxable income for Indian tax purposes -                     (3,009) Overseas taxes 1,109                      1,128 Tax provision (reversals) 132                       (937) Effect of exempt non-operating income (31)                         (49) Effect of unrecognized deferred tax assets 161                         203 Effect of differential tax rates (79)                       (568) Effect of non-deductible expenses 276                         165 Others (175)                         231 Income tax expense 10,858                      9,740 The applicable Indian corporate statutory tax rate for the year ended March 31, 2025 is 25.17% and for the year ended March 31, 2024 is 34.94%. Income tax expense for the year ended March 31, 2025 and March 31, 2024 includes provisions (net of reversals) of ₹132 crore and reversals (net of provisions) of ₹937 crore, respectively. These provisions and reversals pertaining to prior periods are primarily on account of adjudication of certain disputed matters, upon filing of tax return and completion of assessments, across various jurisdictions.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 316, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "173607051918acbe"}, {"chunk_id": "dcd4f8b4d6589179", "content": "During the year ended March 31, 2025, the Company received orders under section 250 of the Income Tax Act, 1961, from the Income Tax Authorities in India for the assessment years, 2016-17 and 2019-20. These orders confirmed the Company's position with respect to tax treatment of certain contentious matters. As a result interest income (pre-tax) of ₹327 crore was recognised and provision for income tax aggregating ₹183 crore was reversed with a corresponding credit to the Statement of Profit and Loss. Also, upon resolution of the disputes, an amount aggregating to ₹1,068 crore has been reduced from contingent liabilities. During the year ended March 31, 2024, the Company received orders under sections 250 and 254 of the Income Tax Act, 1961, from the Income Tax Authorities in India for the assessment years, 2007-08 to 2015-16, 2017-18 and 2018-19. These orders confirmed the Company's position with respect to tax treatment of certain contentious matters. As a result interest income (pre-tax) of ₹1,933 crore was recognized and provision for income tax aggregating ₹525 crore was reversed with a corresponding credit to the Statement of Profit and Loss. Also, upon resolution of the disputes, an amount aggregating to ₹ 1,628 crore has been reduced from contingent liabilities. The foreign tax expense is due to income taxes payable overseas principally in the United States.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 317, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7aa545ca3689e5bf"}, {"chunk_id": "b36700e83d461f11", "content": "The foreign tax expense is due to income taxes payable overseas principally in the United States. In India, the Group has benefited from certain tax incentives that the Government of India had provided for export of software and services from the units registered under the Special Economic Zones (SEZs) Act, 2005 in the prior years. SEZ units which began the provision of services on or after April 1, 2005 are eligible for a deduction of 100% of profits or gains derived from the export of services for the first five years from the financial year in which the unit commenced the provision of services and 50% of such profits or gains for further five years. Up to 50% of such profits or gains is also available for a further five years subject to creation of a Special Economic Zone re-Investment Reserve out of the profit of the eligible SEZ units and utilization of such reserve by the Group for acquiring new plant and machinery for the purpose of its business as per the provisions of the Income Tax Act, 1961. (Refer to Special Economic Zone Re-investment reserve under Note 2.12 Equity) Deferred income tax for the year ended March 31, 2025 and March 31, 2024 substantially relates to origination and reversal of temporary differences.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 317, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7aa545ca3689e5bf"}, {"chunk_id": "720e1e63981cbcd6", "content": "Deferred income tax for the year ended March 31, 2025 and March 31, 2024 substantially relates to origination and reversal of temporary differences. Infosys is subject to a 15% Branch Profit Tax (BPT) in the U.S. to the extent its U.S. branch's net profit during the year is greater than the increase in the net assets of the U.S. branch during the year, computed in accordance with the Internal Revenue Code. As at March 31, 2025, Infosys' U.S. branch net assets amounted to approximately ₹7,755 crore. As at March 31, 2025, the Company has a deferred tax liability for Branch Profit Tax of ₹271 crore (net of credits), as the Company estimates that these branch profits are expected to be distributed in the foreseeable future Deferred income tax liabilities have not been recognized on temporary differences amounting to ₹16,593 crore and ₹10,776 crore as at March 31, 2025 and March 31, 2024, respectively, associated with investments in subsidiaries and branches as the Company is able to control the timing of reversal of the temporary difference and it is probable that the temporary differences will not reverse in the foreseeable future. The Group majorly intends to repatriate earnings from subsidiaries and branches only to the extent these can be distributed in a tax free manner.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 317, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7aa545ca3689e5bf"}, {"chunk_id": "e1a567695e3e795f", "content": "The Group majorly intends to repatriate earnings from subsidiaries and branches only to the extent these can be distributed in a tax free manner. Deferred income tax assets have not been recognized on accumulated losses of ₹4,597 crore and ₹4,668 crore as at March 31, 2025 and March 31, 2024, respectively, as it is probable that future taxable profit will not be available against which the unused tax losses can be utilized in the foreseeable future. The following table provides details of expiration of unused tax losses as at March 31, 2025: Year As at March 31, 2025 2026 209 2027 140 2028 508 2029 686 2030 443 Thereafter 2,611 Total 4,597 The following table provides details of expiration of unused tax losses as at March 31, 2024: Year As at March 31, 2024 2025 13 2026 202 2027 128 2028 467 2029 684 Thereafter 3,174 Total 4,668 (In ₹ crore) Particulars The following table provides the details of income tax assets and income tax liabilities as at March 31, 2025 and March 31, 2024: March 31, 2025 March 31, 2024 Income tax assets 4,597                      9,442 Current income tax liabilities 4,853                      3,585 Net current income tax asset / (liability) at the end (256)                      5,857 (In ₹ crore) Particulars The gross movement in the current income tax assets / (liabilities) for the year ended March 31, 2025 and March 31, 2024 is as follows: 2025 2024 Net current income tax asset / (liability) at the beginning 5,857                      3,075", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 317, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7aa545ca3689e5bf"}, {"chunk_id": "9e51bc80c33958b0", "content": "2025 2024 Net current income tax asset / (liability) at the beginning 5,857                      3,075 Income tax paid* 5,602                      9,231 Interest receivable on income tax refund 327                      1,934 Current income tax expense (12,130)                    (8,390) Income tax benefit arising on exercise of stock options 39                             3 Additions through business combination (1) - Income tax on other comprehensive income 19                             4 Translation differences 31 - Net current income tax asset / (liability) at the end (256)                      5,857 *  net of refund The movement in gross deferred income tax assets / liabilities (before set off) for the year ended March 31, 2025 is as follows: through business combination", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 317, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7aa545ca3689e5bf"}, {"chunk_id": "603dd9e253758f91", "content": "Deferred income tax assets/(liabilities) Property, plant and equipment 244                  (4) -                                 -                          (1)                         239 Lease liabilities 198                (45) -                                 -                             1                         154 Accrued compensation to employees 62                  18 -                                 -                            -                             80 Trade receivables 223                  (3) -                                 -                            -                           220 Compensated absences 627                  77                      2 -                            -                           706 Post sales client support 56                  11 -                                 -                             1                           68 Credits related to branch profits 811                (37) -                                 -                           17                         791 Derivative financial instruments (11)                (25) -                                  8 -                          (28) Intangible assets 64                    5 -                                 -                             2                           71 Intangibles arising on business combinations (282)                141                 (529) -                        (14)                       (684) Branch profit tax", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 319, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3660acbb1ff9e638"}, {"chunk_id": "3226e31c43258c56", "content": "Intangibles arising on business combinations (282)                141                 (529) -                        (14)                       (684) Branch profit tax (1,080)                  41 -                                 -                        (23)                    (1,062) SEZ reinvestment reserve (1,996)                563 -                                 -                            -                     (1,433) Interest receivable on income tax refund (487)                416 -                                 -                            -                          (71) Others 231                114                      9                            (22)                           3                         335 Total deferred income tax assets/(liabilities) (1,340)             1,272                 (518)                            (14)                       (14)                       (614) The movement in gross deferred income tax assets / liabilities (before set off) for the year ended March 31, 2024 is as follows: (In ₹ crore) Particulars Carrying through business combination Deferred income tax assets/(liabilities) Property, plant and equipment 169                  75 -                                 -                            -                           244 Lease liabilities 223                (25) -                                 -                            -                           198 Accrued compensation to employees", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 319, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3660acbb1ff9e638"}, {"chunk_id": "5ae5a26eb562db12", "content": "Lease liabilities 223                (25) -                                 -                            -                           198 Accrued compensation to employees 68                  (6) -                                 -                            -                             62 Trade receivables 261                (40) -                                 -                             2                         223 Compensated absences 576                  50 -                                 -                             1                         627 Post sales client support 248              (192) -                                 -                            -                             56 Credits related to branch profits 718                  84 -                                 -                             9                         811 Derivative financial instruments -                    (7) -                                (4) -                          (11) Intangible assets 62                    1 -                                 -                             1                           64 Intangibles arising on business combinations (344)                  63 -                                 -                          (1)                       (282) Branch profit tax (866)              (202) -                                 -                        (12)                    (1,080) SEZ reinvestment reserve (1,351)              (645)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 319, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3660acbb1ff9e638"}, {"chunk_id": "b9e87fcd6ca957df", "content": "Branch profit tax (866)              (202) -                                 -                        (12)                    (1,080) SEZ reinvestment reserve (1,351)              (645) -                                 -                            -                     (1,996) Interest receivable on income tax refund -               (487) -                                 -                            -                        (487) Others 261                (19) -                                (4)                         (7)                         231 Total deferred income tax assets/(liabilities) 25           (1,350) -                                (8)                         (7)                    (1,340) The deferred income tax assets and liabilities are as follows: (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Deferred income tax assets after set off 1,108                         454 Deferred income tax liabilities after set off (1,722)                    (1,794) In assessing the realizability of deferred income tax assets, the management considers whether some portion or all of the deferred income tax assets will not be realized. The ultimate realization of deferred income tax assets is dependent upon the generation of future taxable income during the periods in which the temporary differences become deductible.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 319, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3660acbb1ff9e638"}, {"chunk_id": "9831939dc409662a", "content": "The ultimate realization of deferred income tax assets is dependent upon the generation of future taxable income during the periods in which the temporary differences become deductible. The management considers the scheduled reversals of deferred income tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. Based on the level of historical taxable income and projections for future taxable income over the periods in which the deferred income tax assets are deductible, the Management believes that the Group will realize the benefits of those deductible differences. The amount of the deferred income tax assets considered realizable, however, could be reduced in the near term if estimates of future taxable income during the carry forward period are reduced. The Company’s Advanced Pricing Arrangement (APA) with the Internal Revenue Service (IRS) for US branch income tax expired in March 2021. The Company has applied for renewal of APA and currently the US taxable income is based on the Company’s best estimate determined based on the expected value method. 2.18 REVENUE FROM OPERATIONS", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 319, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3660acbb1ff9e638"}, {"chunk_id": "647ab25821f02520", "content": "The Group derives revenues primarily from IT services comprising software development and related services, cloud and infrastructure services, maintenance, consulting and package implementation, licensing of software products and platforms across the Group’s core and digital offerings (together called as “software related services”) and business process management services. Contracts with customers are either on a time-and-material, unit of work, fixed-price or on a fixed-timeframe basis. Revenues from customer contracts are considered for recognition and measurement when the contract has been approved in writing by the parties, to the contract, the parties to contract are committed to perform their respective obligations under the contract, and the contract is legally enforceable. Revenue is recognized upon transfer of control of promised products or services (“performance obligations”) to customers in an amount that reflects the consideration the Group has received or expects to receive in exchange for these products or services (“transaction price”). When there is uncertainty as to collectability, revenue recognition is postponed until such uncertainty is resolved. The Group assesses the services promised in a contract and identifies distinct performance obligations in the contract. The Group allocates the transaction price to each distinct performance", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 319, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b351bc6fef6da592"}, {"chunk_id": "d7ab3714650507ca", "content": "The Group assesses the services promised in a contract and identifies distinct performance obligations in the contract. The Group allocates the transaction price to each distinct performance obligation based on the relative standalone selling price. The price that is regularly charged for an item when sold separately is the best evidence of its standalone selling price. In the absence of such evidence, the primary method used to estimate standalone selling price is the expected cost plus a margin, under which the Group estimates the cost of satisfying the performance obligation and then adds an appropriate margin based on similar services. The Group’s contracts may include variable consideration including rebates, volume discounts and penalties. The Group includes variable consideration as part of transaction price when there is a basis to reasonably estimate the amount of the variable consideration and when it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is resolved. Revenue on time-and-material and unit of work based contracts, are recognized as the related services are performed. Fixed price maintenance revenue is recognized ratably either on a straight-", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 319, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b351bc6fef6da592"}, {"chunk_id": "c06edffb8c1d4e25", "content": "Revenue on time-and-material and unit of work based contracts, are recognized as the related services are performed. Fixed price maintenance revenue is recognized ratably either on a straight- line basis when services are performed through an indefinite number of repetitive acts over a specified period or ratably using a percentage of completion method when the pattern of benefits from the services rendered to the customer and the Group’s costs to fulfil the contract is not even through the period of contract because the services are generally discrete in nature and not repetitive. Revenue from other fixed-price, fixed-timeframe contracts, where the performance obligations are satisfied over time is recognized using the percentage-of-completion method. Efforts or costs expended are used to determine progress towards completion as there is a direct relationship between input and productivity. Progress towards completion is measured as the ratio of costs or efforts incurred to date (representing work performed) to the estimated total costs or efforts. Estimates of transaction price and total costs or efforts are continuously monitored over the term of the contracts and are recognized in net profit in the period when these estimates change or when the estimates are revised. Revenues and the estimated total costs or efforts are subject to revision as the contract progresses.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 319, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b351bc6fef6da592"}, {"chunk_id": "8e2e25518800aa63", "content": "Revenues and the estimated total costs or efforts are subject to revision as the contract progresses. Provisions for estimated losses, if any, on incomplete contracts are recorded in the period in which such losses become probable based on the estimated efforts or costs to complete the contract. The billing schedules agreed with customers include periodic performance based billing and / or milestone based progress billings. Revenues in excess of billing are classified as unbilled revenue while billing in excess of revenues are classified as contract liabilities (which we refer to as unearned revenues). In arrangements for software development and related services and maintenance services, by applying the revenue recognition criteria for each distinct performance obligation, the arrangements with customers generally meet the criteria for considering software development and related services as distinct performance obligations. For allocating the transaction price, the Group measures the revenue in respect of each performance obligation of a contract at its relative standalone selling price. The price that is regularly charged for an item when sold separately is the best evidence of its standalone selling price. In cases where the Group is unable to determine the standalone selling price, the Group uses the expected cost plus margin approach in estimating the standalone selling price.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 319, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b351bc6fef6da592"}, {"chunk_id": "e297b3f4337495d3", "content": "In cases where the Group is unable to determine the standalone selling price, the Group uses the expected cost plus margin approach in estimating the standalone selling price. For software development and related services, the performance obligations are satisfied as and when the services are rendered since the customer generally obtains control of the work as it progresses. Certain cloud and infrastructure services contracts include multiple elements which may be subject to other specific accounting guidance, such as leasing guidance. These contracts are accounted in accordance with such specific accounting guidance. In such arrangements where the Group is able to determine that hardware and services are distinct performance obligations, it allocates the consideration to these performance obligations on a relative standalone selling price basis. In the absence of standalone selling price, the Group uses the expected cost-plus margin approach in estimating the standalone selling price. When such arrangements are considered as a single performance obligation, revenue is recognized over the period and measure of progress is determined  based on promise in the contract. Revenue from licenses where the customer obtains a “right to use” the licenses is recognized at the time the license are made available to the customer. Revenue from licenses where the customer", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 319, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b351bc6fef6da592"}, {"chunk_id": "e687bf1f88d799ed", "content": "Arrangements to deliver software products generally have three elements: license, implementation and Annual Technical Services (ATS).When implementation services are provided in conjunction with the licensing arrangement and the license and implementation have been identified as two distinct separate performance obligations, the transaction price for such contracts are allocated to each performance obligation of the contract based on their relative standalone selling prices. In the absence of standalone selling price for implementation, the Group uses the expected cost plus margin approach in estimating the standalone selling price. Where the license is required to be substantially customized as part of the implementation service the entire arrangement fee for license and implementation is considered to be a single performance obligation and the revenue is recognized using the percentage-of-completion method as the implementation is performed. Revenue from client training, support and other services arising due to the sale of software products is recognized as the performance obligations are satisfied. ATS revenue is recognized ratably on a straight line basis over the period in which the services are rendered. Contracts with customers includes subcontractor services or third-party vendor equipment or software in certain integrated services arrangements. In these types of arrangements, revenue from", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 320, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2447396da74a102f"}, {"chunk_id": "d8bd089b36a363b9", "content": "Contracts with customers includes subcontractor services or third-party vendor equipment or software in certain integrated services arrangements. In these types of arrangements, revenue from sales of third-party vendor products or services is recorded net of costs when the Group is acting as an agent between the customer and the vendor, and gross when the Group is the principal for the transaction. In doing so, the Group first evaluates whether it obtains control of the specified goods or services before they are transferred to the customer. The Group considers whether it is primarily responsible for fulfilling the promise to provide the specified goods or services, inventory risk, pricing discretion and other factors to determine whether it controls the specified goods or services and therefore, is acting as a principal or an agent. A contract modification is a change in the scope or price or both of a contract that is approved by the parties to the contract. A contract modification that results in the addition of distinct performance obligations are accounted for either as a separate contract if the additional services are priced at the standalone selling price or as a termination of the existing contract and creation of a new contract if they are not priced at the standalone selling price.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 320, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2447396da74a102f"}, {"chunk_id": "1f2e15d8a628369b", "content": "a new contract if they are not priced at the standalone selling price. If the modification does not result in a distinct performance obligation, it is accounted for as part of the existing contract on a cumulative catch-up basis. The incremental costs of obtaining a contract (i.e., costs that would not have been incurred if the contract had not been obtained) are recognized as an asset if the Group expects to recover them. Certain eligible, nonrecurring costs (e.g. set-up or transition or transformation costs) that do not represent a separate performance obligation are recognized as an asset when such costs (a) relate directly to the contract; (b) generate or enhance resources of the Group that will be used in satisfying the performance obligation in the future; and (c) are expected to be recovered. Capitalized contract costs relating to upfront payments to customers are amortized to revenue and other capitalized costs are amortized to expenses over the respective contract life on a systematic basis consistent with the transfer of goods or services to customer to which the asset relates. Capitalized costs are monitored regularly for impairment. Impairment losses are recorded when present value of projected remaining operating cash flows is not sufficient to recover the carrying amount of the capitalized costs. The Group presents revenues net of indirect taxes in its Consolidated Statement of Profit and Loss.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 320, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2447396da74a102f"}, {"chunk_id": "e5b2aa7c74caf454", "content": "The Group presents revenues net of indirect taxes in its Consolidated Statement of Profit and Loss. Revenue from operations for the year ended March 31, 2025 and March 31, 2024 is as follows: (In ₹ crore) Particulars 2025 2024 Revenue from software services 155,395                145,285 Revenue from products and platforms 7,595                    8,385 Total revenue from  operations 162,990                153,670 The Group also derives revenues from the sale of products and platforms like Finacle – core banking solution, Edge Suite of products, Panaya platform, Stater digital platform and Infosys McCamish – insurance platform. Disaggregated revenue information Revenue disaggregation by business segments has been included in segment information (Refer to Note 2.26) . The table below presents disaggregated revenues from contracts with customers by geography and contract type. The Group believes that this disaggregation best depicts how the nature, amount, timing and uncertainty of revenues and cash flows are affected by industry, market and other economic factors. For the year ended March 31, 2025 and March 31, 2024: 2025 2024 Revenues by Geography* North America 94,397                  92,411 Europe 48,595                  42,267 India 5,014                    3,881 Rest of the world 14,984                  15,111 Total 162,990                153,670 * Geographical revenue is based on the domicile of customer", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 320, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2447396da74a102f"}, {"chunk_id": "3d4f44b6672303a1", "content": "Europe 48,595                  42,267 India 5,014                    3,881 Rest of the world 14,984                  15,111 Total 162,990                153,670 * Geographical revenue is based on the domicile of customer The percentage of revenue from fixed-price contracts for the year ended March 31, 2025 and March 31, 2024 is 54% and 53%, respectively. Trade Receivables and Contract Balances The timing of revenue recognition, billings and cash collections results in receivables, unbilled revenue, and unearned revenue on the Group’s Consolidated Balance Sheet. Amounts are billed as work progresses in accordance with agreed-upon contractual terms, either at periodic intervals (e.g., monthly or quarterly) or upon achievement of contractual milestones. The Group’s receivables are rights to consideration that are unconditional. Unbilled revenues comprising revenues in excess of billings from time and material contracts and fixed price maintenance contracts are classified as financial asset when the right to consideration is unconditional and is due only after a passage of time. Invoicing to the clients for other fixed price contracts is based on milestones as defined in the contract and therefore the timing of revenue recognition is different from the timing of invoicing to the customers.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 320, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2447396da74a102f"}, {"chunk_id": "8237314bb509de6f", "content": "the customers. Therefore unbilled revenues for other fixed price contracts (contract asset) are classified as non-financial asset because the right to consideration is dependent on completion of contractual milestones. Trade receivables and unbilled revenues are presented net of impairment in the consolidated Balance Sheet. Invoicing in excess of earnings are classified as unearned revenue. During the year ended March 31, 2025 and March 31, 2024, the Company recognized revenue of ₹5,669 crore and ₹5,432 crore arising from opening unearned revenue as of April 1, 2024 and April 1, 2023 respectively.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 320, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2447396da74a102f"}, {"chunk_id": "69218d58fafd6c88", "content": "During the year ended March 31, 2025 and March 31, 2024, ₹4,896 crore and ₹7,023 crore of unbilled revenue pertaining to other fixed price and fixed time frame contracts as of April 1, 2024 and April 1, 2023, respectively has been reclassified to Trade receivables upon billing to customers on completion of milestones. Remaining performance obligation disclosure The remaining performance obligation disclosure provides the aggregate amount of the transaction price yet to be recognized as at the end of the reporting period and an explanation as to when the Group expects to recognize these amounts in revenue. Applying the practical expedient as given in Ind AS 115, the Group has not disclosed the remaining performance obligation related disclosures for contracts where the revenue recognized corresponds directly with the value to the customer of the entity's performance completed to date, typically those contracts where invoicing is on time and material and unit of work based contracts. Remaining performance obligation estimates are subject to change and are affected by several factors, including terminations, changes in the scope of contracts, periodic revalidations, adjustment for revenue that has not materialized and adjustments for currency fluctuations.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 321, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1122bc164780a2b1"}, {"chunk_id": "18cd280d0051db7f", "content": "the scope of contracts, periodic revalidations, adjustment for revenue that has not materialized and adjustments for currency fluctuations. The aggregate value of performance obligations that are completely or partially unsatisfied as at March 31, 2025, other than those meeting the exclusion criteria mentioned above, is ₹104,785 crore. Out of this, the Group expects to recognize revenue of around 50.3% within the next one year and the remaining thereafter. The aggregate value of performance obligations that are completely or partially unsatisfied as at March 31, 2024 is ₹90,658 crore. The contracts can generally be terminated by the customers and typically includes an enforceable termination penalty payable by them. Generally, customers have not terminated contracts without cause. Other income is comprised primarily of interest income, dividend income, gain/loss on investment and exchange gain/loss on forward and options contracts and on translation of foreign currency assets and liabilities. Interest income is recognized using the effective interest method. Dividend income is recognized when the right to receive payment is established. The functional currency of Infosys, its Indian subsidiaries and controlled trusts is the Indian rupee. The functional currencies for foreign subsidiaries are their respective local currencies.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 321, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1122bc164780a2b1"}, {"chunk_id": "8d19e0cde4ee19d3", "content": "The functional currency of Infosys, its Indian subsidiaries and controlled trusts is the Indian rupee. The functional currencies for foreign subsidiaries are their respective local currencies. These financial statements are presented in Indian rupees (rounded off to crore; one crore equals ten million). Transactions and translations Foreign-currency denominated monetary assets and liabilities are translated into the relevant functional currency at exchange rates in effect at the Balance Sheet date. The gains or losses resulting from such translations are recognized in the Consolidated Statement of Profit and Loss and reported within exchange gains/ (losses) on translation of assets and liabilities, net, except when deferred in Other Comprehensive Income as qualifying cash flow hedges. Non-monetary assets and non-monetary liabilities denominated in a foreign currency and measured at fair value are translated at the exchange rate prevalent at the date when the fair value was determined. Non- monetary assets and non-monetary liabilities denominated in a foreign currency and measured at historical cost are translated at the exchange rate prevalent at the date of transaction. The related revenue and expense are recognized using the same exchange rate. Transaction gains or losses realized upon settlement of foreign currency transactions are included in determining net profit for the period in which the transaction is", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 321, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1122bc164780a2b1"}, {"chunk_id": "1b926e43bdd88c5f", "content": "Transaction gains or losses realized upon settlement of foreign currency transactions are included in determining net profit for the period in which the transaction is settled. Revenue, expense and cash-flow items denominated in foreign currencies are translated into the relevant functional currencies using the exchange rate in effect on the date of the transaction. The translation of financial statements of the foreign subsidiaries to the presentation currency is performed for assets and liabilities using the exchange rate in effect at the Balance Sheet date and for revenue, expense and cash-flow items using the average exchange rate for the respective periods. The gains or losses resulting from such translation are included in currency translation reserves under other components of equity. When a subsidiary is disposed off, in full, the relevant amount is transferred to net profit in the Consolidated Statement of Profit and Loss. However when a change in the parent's ownership does not result in loss of control of a subsidiary, such changes are recorded through equity. Other Comprehensive Income, net of taxes includes translation differences on non-monetary financial assets measured at fair value at the reporting date, such as equities classified as financial instruments and measured at fair value through other comprehensive income (FVOCI).", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 321, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1122bc164780a2b1"}, {"chunk_id": "65506f73189cb05a", "content": "classified as financial instruments and measured at fair value through other comprehensive income (FVOCI). Goodwill and fair value adjustments arising on the acquisition of a foreign entity are treated as assets and liabilities of the foreign entity and translated at the exchange rate in effect at the Balance Sheet date. The Group recognizes government grants only when there is reasonable assurance that the conditions attached to them shall be complied with, and the grants will be received. Government grants related to assets are treated as deferred income and are recognized in net profit in the Consolidated Statement of Profit and Loss on a systematic and rational basis over the useful life of the asset. Government grants related to revenue are recognized on a systematic basis in net profit in the Consolidated Statement of Profit and Loss over the periods necessary to match them with the related costs which they are intended to compensate. Other income for the year ended March 31, 2025 and March 31, 2024 is as follows: (In ₹ crore) Particulars 2025 2024 Interest income on financial assets carried at amortized cost Tax free bonds and Government bonds 122                        131 Deposit with Bank and others 1,401                        929 Interest income on financial assets carried at fair value through other comprehensive income Non-convertible debentures, commercial paper, certificates of deposit and government securities", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 321, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1122bc164780a2b1"}, {"chunk_id": "c9488515c7a97e6e", "content": "Interest income on financial assets carried at fair value through other comprehensive income Non-convertible debentures, commercial paper, certificates of deposit and government securities 1,047                     1,007 Income on investments carried at fair value through profit or loss: Gain / (loss) on liquid mutual funds and other investments 287                        285 Income on investments carried at fair value through other comprehensive income 2                          — Income on investments carried at amortized cost Gain/(loss) on tax free bond 4                          — 343                     1,965 (205)                        100 Exchange gains / (losses) on forward and options contracts Interest on income tax refund 464                          87 Miscellaneous income, net 135                        207 Total other income 3,600                     4,711", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 321, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1122bc164780a2b1"}, {"chunk_id": "f291aa6ef51c285a", "content": "Exchange gains / (losses) on translation of other assets and liabilities 2025 2024 Employee benefit expenses Salaries including bonus 82,232                   79,315 Contribution to provident and other funds 2,338                     2,213 Share based payments to employees (Refer to Note 2.12) 802                        652 Staff welfare 578                        440 85,950                   82,620 Cost of software packages and others For own use 2,467                     2,145 Third party items bought for service delivery to clients 13,444                   11,370 15,911                   13,515 Repairs and maintenance 1,320                     1,278 Power and fuel 222                        199 Brand and marketing 1,223                     1,007 Rates and taxes 346                        326 Consumables 227                        170 Insurance 301                        210 Provision for post-sales client support and others (110)                          75 Commission to non-whole time directors 18                          16 Impairment loss recognized / (reversed) under expected credit loss model 48                        121 Contributions towards Corporate Social Responsibility 585                        533 Others 607                        781 4,787                     4,716 The Group as a lessee The Group’s lease asset classes primarily consist of leases for land, buildings and computers. The Group assesses whether a contract contains a lease, at inception of a contract.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 323, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c1677c7dc30eadc8"}, {"chunk_id": "b66cf2c91c66683f", "content": "The Group as a lessee The Group’s lease asset classes primarily consist of leases for land, buildings and computers. The Group assesses whether a contract contains a lease, at inception of a contract. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, the group assesses whether: (1) the contract involves the use of an identified asset (2) the Group has substantially all of the economic benefits from use of the asset through the period of the lease and (3) the Group has the right to direct the use of the asset. At the date of commencement of the lease, the Group recognizes a right-of-use asset (“ROU”) and a corresponding lease liability for all lease arrangements in which it is a lessee, except for leases with a term of twelve months or less (short-term leases) and low value leases. For these short-term and low value leases, the Group recognizes the lease payments as an operating expense on a straight-line basis over the term of the lease. As a lessee, the Group determines the lease term as the non-cancellable period of a lease adjusted with any option to extend or terminate the lease, if the use of such option is reasonably certain.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 323, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c1677c7dc30eadc8"}, {"chunk_id": "d61e77126744b256", "content": "As a lessee, the Group determines the lease term as the non-cancellable period of a lease adjusted with any option to extend or terminate the lease, if the use of such option is reasonably certain. The Group makes an assessment on the expected lease term on a lease-by-lease basis and thereby assesses whether it is reasonably certain that any options to extend or terminate the contract will be exercised. In evaluating the lease term, the Group considers factors such as any significant leasehold improvements undertaken over the lease term, costs relating to the termination of the lease and the importance of the underlying asset to Group’s operations taking into account the location of the underlying asset and the availability of suitable alternatives. The lease term in future periods is reassessed to ensure that the lease term reflects the current economic circumstances. Certain lease arrangements includes the options to extend or terminate the lease before the end of the lease term. ROU assets and lease liabilities includes these options when it is reasonably certain that they will be exercised. The right-of-use assets are initially recognized at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or prior to the commencement date of the lease plus any initial direct costs less any lease incentives. They are subsequently measured at cost less accumulated depreciation and", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 323, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c1677c7dc30eadc8"}, {"chunk_id": "8ff6f5d83a58d225", "content": "commencement date of the lease plus any initial direct costs less any lease incentives. They are subsequently measured at cost less accumulated depreciation and impairment losses. Right-of-use assets are depreciated from the commencement date on a straight-line basis over the shorter of the lease term and useful life of the underlying asset. Right-of-use assets are evaluated for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value less cost to sell and the value-in-use) is determined on an individual asset basis unless the asset does not generate cash flows that are largely independent of those from other assets. In such cases, the recoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs. The lease liability is initially measured at amortized cost at the present value of the future lease payments. The lease payments are discounted using the interest rate implicit in the lease or, if not readily determinable, using the incremental borrowing rates in the country of domicile of these leases. Lease liabilities are remeasured with a corresponding adjustment to the related right-of-use asset if the Group changes its assessment if whether it will exercise an extension or a termination option.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 323, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c1677c7dc30eadc8"}, {"chunk_id": "c603b93aa7a1103e", "content": "Lease liabilities are remeasured with a corresponding adjustment to the related right-of-use asset if the Group changes its assessment if whether it will exercise an extension or a termination option. Lease liability and ROU asset have been separately presented in the Balance Sheet and lease payments have been classified as financing cash flows. Leases for which the Group is a lessor is classified as a finance or operating lease. Whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee, the contract is classified as a finance lease. All other leases are classified as operating leases. When the Group is an intermediate lessor, it accounts for its interests in the head lease and the sublease separately. The sublease is classified as a finance or operating lease by reference to the right-of-use asset arising from the head lease. For operating leases, rental income is recognized on a straight line basis over the term of the relevant lease. Following are the changes in the carrying value of right-of-use assets for the year ended March 31, 2025: Category of ROU asset", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 323, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c1677c7dc30eadc8"}, {"chunk_id": "ffa0ee335d6d7b19", "content": "Land Buildings Vehicles Computers Total Balance as of April 1, 2024 605                   3,298                        17                        2,632                     6,552 Additions* —                      816                        13                        1,306                     2,135 Addition due to Business Combination (Refer to Note 2.1) —                      155                          5                             —                        160 Deletions —                     (236)                         (6)                          (652)                      (894) Depreciation (6)                     (714)                       (11)                          (965)                   (1,696) Translation difference 1                        29                          6                             18                          54 Balance as of March 31, 2025 600                   3,348                        24                        2,339                     6,311 * Net of adjustments on account of modifications. Following are the changes in the carrying value of right-of-use assets for the year ended March 31, 2024: (In ₹ crore) Category of ROU asset Land Buildings Vehicles Computers Total Balance as of April 1, 2023 623                   3,896                        15                        2,348                     6,882 Additions*", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 324, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "22cce714b61562d7"}, {"chunk_id": "75e2770ec1af7db5", "content": "Category of ROU asset Land Buildings Vehicles Computers Total Balance as of April 1, 2023 623                   3,896                        15                        2,348                     6,882 Additions* —                      394                        12                        1,872                     2,278 Deletions (10)                     (181)                         (1)                          (755)                      (947) Impairment —                       (88) —                             —                        (88) Depreciation (6)                     (728)                       (10)                          (851)                   (1,595) Translation difference (2)                          5                          1                             18                          22 Balance as of March 31, 2024 605                   3,298                        17                        2,632                     6,552 * Net of adjustments on account of modifications and lease incentives The aggregate depreciation expense on ROU assets is included under depreciation and amortization expense in the Consolidated Statement of Profit and Loss. The following is the break-up of current and non-current lease liabilities as at March 31, 2025 and March 31, 2024: March 31, 2025 March 31, 2024 Current lease liabilities 2,455                     1,959 Non-current lease liabilities 5,772                     6,400 Total", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 324, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "22cce714b61562d7"}, {"chunk_id": "dd274948d86bd91d", "content": "March 31, 2025 March 31, 2024 Current lease liabilities 2,455                     1,959 Non-current lease liabilities 5,772                     6,400 Total 8,227                     8,359 The movement in lease liabilities during the year ended March 31, 2025 and March 31, 2024 is as follows : (In ₹ crore) Particulars 2025 2024 Balance at the beginning 8,359                     8,299 Additions 2,156                     2,190 Addition due to Business Combination (Refer to Note 2.1) 160 - Deletions (553)                      (444) Finance cost accrued during the period 341                        326 Payment of lease liabilities (2,355)                   (2,030) Translation difference 119                          18 Balance at the end 8,227                     8,359 The table below provides details regarding the contractual maturities of lease liabilities as at March 31, 2025 and March 31, 2024 on an undiscounted basis: (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Less than one year 2,483                     2,152 One to five years 5,195                     6,123 More than five years 1,296                        994 Total 8,974                     9,269 The Group does not face a significant liquidity risk with regard to its lease liabilities as the current assets are sufficient to meet the obligations related to lease liabilities as and when they fall due.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 324, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "22cce714b61562d7"}, {"chunk_id": "6ca59621978a6a6a", "content": "The Group does not face a significant liquidity risk with regard to its lease liabilities as the current assets are sufficient to meet the obligations related to lease liabilities as and when they fall due. Rental expense recorded for short-term leases was ₹85 crore and ₹97 crore for the year ended March 31, 2025 and March 31, 2024, respectively Leases not yet commenced to which Group is committed is ₹176 crore for a lease term ranging from 3 years to 5 years. The following is the movement in the net investment in lease during the year ended March 31, 2025 and March 31, 2024: (In ₹ crore) Particulars 2025 2024 Balance at the beginning 1,824                        922 Additions 1,013                     1,281 Interest income accrued during the period 37                          24 Others (25)                          (2) Lease receipts (676)                      (400) Translation difference 72                          (1) Balance at the end 2,245                     1,824 2.22 EMPLOYEE BENEFITS Gratuity and Pensions The Group provides for gratuity, a defined benefit retirement plan ('the Gratuity Plan') covering eligible employees majorly of Infosys and its Indian subsidiaries. The Gratuity Plan provides a lump-sum payment to vested employees at retirement, death, incapacitation or termination of employment, of an amount based on the respective employee's salary and the tenure of employment with the Group.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 324, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "22cce714b61562d7"}, {"chunk_id": "2bf5accb198a9a83", "content": "respective employee's salary and the tenure of employment with the Group. The Company contributes Gratuity liabilities to the Infosys Limited Employees' Gratuity Fund Trust (the Trust). In case of Infosys BPM and EdgeVerve, contributions are made to the Infosys BPM Employees' Gratuity Fund Trust and EdgeVerve Systems Limited Employees' Gratuity Fund Trust, respectively. Trustees administer contributions made to the Trusts and contributions are invested in a scheme with the Life Insurance Corporation of India as permitted by Indian law. The Group operates defined benefit pension plan in certain overseas jurisdictions, in accordance with the local laws. These plans are managed by third party fund managers. The plans provide for periodic payouts after retirement and/or a lumpsum payment as set out in rules of each fund and includes death and disability benefits. The defined benefit plans require contributions which are based on a percentage of salary that varies depending on the age of the respective employees.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 324, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "22cce714b61562d7"}, {"chunk_id": "fb5abeade6b8ea3e", "content": "Liabilities with regard to these defined benefit plans are determined by actuarial valuation, performed by an external actuary, at each Balance Sheet date using the projected unit credit method. These defined benefit plans expose the Group to actuarial risks, such as longevity risk, interest rate risk and market risk. The Group recognizes the net obligation of a defined benefit plan in its Balance Sheet as an asset or liability. Gains and losses through re-measurements of the net defined benefit liability / (asset) are recognized in other comprehensive income and are not reclassified to profit or loss in subsequent periods. The actual return of the portfolio of plan assets, in excess of the yields computed by applying the discount rate used to measure the defined benefit obligation is recognized in other comprehensive income. The effect of any plan amendments is recognized in net profit in the Consolidated Statement of Profit and Loss. Eligible employees of Infosys receive benefits from a provident fund, which is a defined benefit plan. Both the eligible employee and the Company make monthly contributions to the provident fund plan equal to a specified percentage of the covered employee's salary. The Company contributes a portion to the Infosys Limited Employees' Provident Fund Trust. The trust invests in specific designated instruments as permitted by Indian law. The remaining portion is contributed to the", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 325, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f790c27c6835c763"}, {"chunk_id": "f280d711bad950de", "content": "Employees' Provident Fund Trust. The trust invests in specific designated instruments as permitted by Indian law. The remaining portion is contributed to the government administered pension fund. The rate at which the annual interest is payable to the beneficiaries by the trust is being administered by the Government of India. The Company has an obligation to make good the shortfall, if any, between the return from the investments of the trust and the notified interest rate. In respect of Indian subsidiaries, eligible employees receive benefits from a provident fund, which is a defined contribution plan. Both the eligible employee and the respective companies make monthly contributions to this provident fund plan equal to a specified percentage of the covered employee's salary. Amounts collected under the provident fund plan are deposited in a government administered provident fund. The Companies have no further obligation to the plan beyond its monthly contributions. Certain employees of Infosys, Infosys BPM and EdgeVerve are participants in a defined contribution plan. The Group has no further obligations to the plan beyond its monthly contributions which are periodically contributed to a trust fund, the corpus of which is invested with the Life Insurance Corporation of India. The Group has a policy on compensated absences which are both accumulating and non-accumulating in nature.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 325, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f790c27c6835c763"}, {"chunk_id": "1afb85caeedb2d5e", "content": "The Group has a policy on compensated absences which are both accumulating and non-accumulating in nature. The expected cost of accumulating compensated absences is determined by actuarial valuation performed by an external actuary at each Balance Sheet date using projected unit credit method on the additional amount expected to be paid / availed as a result of the unused entitlement that has accumulated at the Balance Sheet date. Expense on non-accumulating compensated absences is recognized in the period in which the absences occur. 2.22.1 Gratuity and Pension The following table sets out the details of the defined benefit retirement plans and the amounts recognized in the Group's financial statements as at March 31, 2025 and March 31, 2024: Gratuity Pension As at As at March 31, 2025 March 31, 2024 March 31, 2025 March 31, 2024 Change in benefit obligations Benefit obligations at the beginning 2,116                         1,778                        1,020                           917 Transfer 5                              29 -                                - Service cost 335                            307                             52                             54 Interest expense 141                            121                             18                             20 Remeasurements - Actuarial (gains) / losses 93                              34                             69                             24", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 325, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f790c27c6835c763"}, {"chunk_id": "8003877f9fdb79b3", "content": "Remeasurements - Actuarial (gains) / losses 93                              34                             69                             24 Past service cost - plan amendments -                                 -                                -                              (33) Employee contribution -                                 -                               33                             34 Benefits paid (181)                          (154)                            (60)                            (10) Translation difference 2                                1                             51                             14 Benefit obligations at the end 2,511                         2,116                        1,183                        1,020 Change in plan assets Fair value of plan assets at the beginning 2,079                         1,755                           991                           870 Transfer -                                 -                                -                                - Interest income 151                            127                             19                             20 Remeasurements- Return on plan assets excluding amounts included in interest income 22                              18                             60                             16 Employer contribution 656                            328                             46                             51", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 325, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f790c27c6835c763"}, {"chunk_id": "616630423b05e5fe", "content": "Employer contribution 656                            328                             46                             51 Employee contribution -                                 -                               33                             34 Benefits paid (176)                          (149)                            (60)                            (10) Translation difference 1 -                               48                             10 Fair value of plan assets at the end 2,733                         2,079                        1,137                           991 Funded status 222                            (37)                            (46)                            (29) Defined benefit plan asset (Refer note 2.10) 286                              16                             11                             15 Defined benefit plan liability (Refer note 2.15) (64)                            (53)                            (57)                            (44) Amount for the year ended March 31, 2025 and March 31, 2024 recognized in the Consolidated Statement of Profit and Loss under employee benefit expense: Gratuity Pension Year ended March 31, Year ended March 31,", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 325, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f790c27c6835c763"}, {"chunk_id": "040988fa80c5f194", "content": "2025 2024 2025 2024 Service cost 335                            307                             52                             54 Net interest on the net defined benefit liability / (asset) (10)                              (6)                             (1) - Plan amendments -                                 -                                -                              (33) Net cost 325                            301                             51                             21 Amount for the year ended March 31, 2025 and March 31, 2024 recognized in the Consolidated Statement of Other Comprehensive Income: 2025 2024 2025 2024 Remeasurements of the net defined benefit liability / (asset) Actuarial (gains) / losses 93                              34                             69                             24 Gratuity Pension Year ended March 31, Year ended March 31, (Return) / loss on plan assets excluding amounts included in the net interest on the net defined benefit liability/(asset) (22)                            (18)                            (60)                            (16) 71                              16                               9                               8 Break up of actuarial (gains)/losses for the year ended March 31, 2025 and March 31, 2024 is as follows: Gratuity Pension Year ended March 31, Year ended March 31, 2025 2024 2025 2024 (Gain) / loss from change in demographic assumptions", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 326, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "69102871aabf4265"}, {"chunk_id": "710431537bb719c2", "content": "Gratuity Pension Year ended March 31, Year ended March 31, 2025 2024 2025 2024 (Gain) / loss from change in demographic assumptions -                                 -                                -                                - (Gain) / loss from change in financial assumptions 38                              10                             47                             24 (Gain) / loss from  experience adjustment 55                              24                             22 - 93                              34                             69                             24 The weighted-average assumptions used to determine benefit obligations as at  March 31, 2025 and March 31, 2024 are set out below: Gratuity Pension As at As at March 31, 2025 March 31, 2024 March 31, 2025 March 31, 2024 Discount rate (1) 6.5% 7.0% 0.9%-3.7% 1.5%-3.4% Weighted average rate of increase in compensation levels (2) 6.0% 6.0% 1%-3% 1%-3% Weighted average duration of defined benefit obligation (3) 5.7 years 5.8 years 13 years 12 years The weighted-average assumptions used to determine net periodic benefit cost for the year ended March 31, 2025 and March 31, 2024 are set out below: Gratuity Pension Year ended March 31, Year ended March 31, 2025 2024 2025 2024 Discount rate 7.0% 7.1% 1.5%-3.4% 1.8%-3.8% Weighted average rate of increase in compensation levels 6.0% 6.0% 1%-3% 1%-3%", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 326, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "69102871aabf4265"}, {"chunk_id": "68cba69138e78269", "content": "Gratuity Pension Year ended March 31, Year ended March 31, 2025 2024 2025 2024 Discount rate 7.0% 7.1% 1.5%-3.4% 1.8%-3.8% Weighted average rate of increase in compensation levels 6.0% 6.0% 1%-3% 1%-3% (1) For domestic defined benefit plan in India, the market for high quality corporate bonds being not developed, the yield of government bonds is considered as the discount rate. For most of our overseas defined benefit plan, given that the market for high quality corporate bonds is not developed, the Government bond rate adjusted for corporate spreads is used. (2)The average rate of increase in compensation levels is determined by the Company, considering factors such as, the Company’s past compensation revision trends, inflation in respective markets and management’s estimate of future salary increases. (3) Attrition rate considered is the management’s estimate based on the past long-term trend of employee turnover in the Company. The tenure has been considered taking into account the past long-term trend of employees' average remaining service life which reflects the average estimated term of post-employment benefit obligation. For domestic defined benefit plan in India, assumptions regarding future mortality experience are set in accordance with the published statistics by the Life Insurance Corporation of India.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 326, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "69102871aabf4265"}, {"chunk_id": "992941ea266ce0dd", "content": "obligation. For domestic defined benefit plan in India, assumptions regarding future mortality experience are set in accordance with the published statistics by the Life Insurance Corporation of India. For overseas defined benefit plan, the assumptions regarding future mortality experience are set with regard to the latest statistics in life expectancy, plan experience and other relevant data. The Group assesses all of the above assumptions with its projected long-term plans of growth and prevalent industry standards. The Company contributes all ascertained liabilities towards gratuity to the Infosys Limited Employees' Gratuity Fund Trust. In case of Infosys BPM and EdgeVerve, contributions are made to the Infosys BPM Employees' Gratuity Fund Trust and EdgeVerve Systems Limited Employees Gratuity Fund Trust, respectively. Trustees administer contributions made to the trust as at March 31, 2025 and March 31, 2024, and contributions for gratuity are invested in a scheme with the Life Insurance Corporation of India as permitted by Indian law. The plan assets of the overseas defined benefit plan have been primarily invested in insurer managed funds and the asset allocation for plan assets is determined based on the investment criteria prescribed under the relevant regulations applicable to pension funds and the insurer managers.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 326, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "69102871aabf4265"}, {"chunk_id": "cd980eb556da2e23", "content": "asset allocation for plan assets is determined based on the investment criteria prescribed under the relevant regulations applicable to pension funds and the insurer managers. The insurers' investment are diversified and provide for guaranteed interest rates arrangements. Actual return on assets (including remeasurements) of the gratuity plan for the year ended March 31, 2025 and March 31, 2024 were ₹173 crore and ₹145 crore, respectively and for the pension plan were ₹79 crore and ₹36 crore, respectively. The contributions for gratuity are invested in a scheme with the Life Insurance Corporation of India as permitted by Indian law. The table below sets out the details of major plan assets into various categories as at March 31, 2025 and  March 31, 2024: March 31, 2025 March 31, 2024 Equity 34% 34% Bonds 30% 32% Real Estate/Property 26% 26% Cash and Cash Equivalents 1% 1% Other 9% 7% These defined benefit plans expose the Group to actuarial risk which are set out below: Interest rate risk: The present value of the defined benefit plan liability is generally calculated using a discount rate determined by reference to government bond yields and in certain overseas jurisdictions, it is calculated in reference to government bond yield adjusted for a corporate spread. If bond yields fall, the defined benefit obligation will tend to increase.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 326, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "69102871aabf4265"}, {"chunk_id": "99482d1d4c18e1dd", "content": "If bond yields fall, the defined benefit obligation will tend to increase. Life expectancy and investment risk: The pension fund offers the choice between a lifelong pension and a cash lump sum upon retirement. The pension fund has defined rates for converting the lump sum to a pension and there is the risk that the members live longer than implied by these conversion rates and that the pension assets don’t achieve the investment return implied by these conversion rates.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 326, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "69102871aabf4265"}, {"chunk_id": "6bf124dedffb1a76", "content": "Asset volatility: A proportion of the pension fund is held in equities, which is expected to outperform corporate bonds in the long term but give exposure to volatility and risk in the short term. The pension fund board of insurer is responsible for the investment strategy and equity allocation is justified given the long-term investment horizon of the pension fund and the objective to provide a reasonable long term return on members’ account balances. Sensitivity of significant assumptions used for valuation of defined benefit obligation: (In ₹ crore) Impact from Gratuity Pension 1% point increase / / decrease Discount rate 135                             55 Weighted average rate of increase in compensation levels 135                               6 Sensitivity to significant actuarial assumptions is computed by varying one actuarial assumption used for the valuation of the defined benefit obligation and keeping all other actuarial assumptions constant. In practice, this is not probable, and changes in some of the assumptions may be correlated. The Group expects to contribute ₹370 crore to gratuity and ₹44 crore to pension during the fiscal 2026. The maturity profile of defined benefit obligation is as follows: (In ₹ crore) Gratuity Pension Within 1 year 349                             72 1-2 year 333                             70 2-3 year 345                             72 3-4 year 321                             74 4-5 year", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 328, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e1b388c1a53dca5b"}, {"chunk_id": "7726379ba47999cd", "content": "(In ₹ crore) Gratuity Pension Within 1 year 349                             72 1-2 year 333                             70 2-3 year 345                             72 3-4 year 321                             74 4-5 year 289                             75 5-10 years 1,042                           342 2.22.2 Provident fund Infosys has an obligation to fund any shortfall on the yield of the trust’s investments over the administered interest rates on an annual basis. These administered rates are determined annually predominantly considering the social and economic factors. The actuary has provided a valuation for provident fund liabilities on the basis of guidance issued by the Actuarial Society of India. The following tables set out the funded status of the defined benefit provident fund plan of Infosys Limited and the amounts recognized in the Group's financial statements as at March 31, 2025 and March 31, 2024: March 31, 2025 March 31, 2024 Change in benefit obligations Benefit obligations at the beginning 11,879 10,527 Service cost 952 880 Employee contribution 1,683 1,652 Interest expense 862 764 Actuarial (gains) / loss 218 96 Benefits paid (1,727) (2,040) Benefit obligations at the end 13,867                      11,879 Change in plan assets Fair value of plan assets at the beginning 11,812 10,184 Interest income 858 740 Remeasurements- Return on plan assets excluding amounts included in interest income 245 234 Employer contribution 1,057 1,042 Employee contribution 1,683 1,652 Benefits paid", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 328, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e1b388c1a53dca5b"}, {"chunk_id": "893ca60c7a0a2478", "content": "11,812 10,184 Interest income 858 740 Remeasurements- Return on plan assets excluding amounts included in interest income 245 234 Employer contribution 1,057 1,042 Employee contribution 1,683 1,652 Benefits paid (1,727) (2,040) Fair value of plan assets at the end 13,928                      11,812 Funded status surplus/(deficit) 61                            (67) Irrecoverable surplus - effect of asset ceiling (61) - Net liability (Refer note 2.15) -                              (67) Amount for the year ended March 31, 2025 and March 31, 2024 recognized in the consolidated statement of profit and loss: Particulars Year ended March 31, 2025 2024 Service cost 952 880 4                             24 Net provident fund cost 956 904 Net interest on the net defined benefit liability / asset Amount for the year ended March 31, 2025 and March 31, 2024 recognized in the Consolidated Statement of Other Comprehensive Income: 2025 2024 Remeasurements of the net defined benefit liability / (asset) Actuarial (gains) / losses 218                             96 Particulars Year ended March 31, (Return) / loss on plan assets excluding amounts included in the net interest on the net defined benefit liability / (asset) Irrecoverable surplus - effect of asset ceiling 61 - (245)                          (234) 34                          (138) The assumptions used in determining the present value obligation of the defined benefit plan under the Deterministic Approach are as follows: March 31, 2025", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 328, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e1b388c1a53dca5b"}, {"chunk_id": "46e7046c1cb54641", "content": "34                          (138) The assumptions used in determining the present value obligation of the defined benefit plan under the Deterministic Approach are as follows: March 31, 2025 March 31, 2024 Government of India (GOI) bond yield (1) 6.50% 7.00% Expected rate of return on plan assets 8.00% 8.20% Remaining term to maturity of portfolio 6 years 6 years Expected guaranteed interest rate 8.25% 8.25% (1) In India, the market for high quality corporate bonds being not developed, the yield of government bonds is considered as the discount rate. The tenure has been considered taking into account the past long-term trend of employees’ average remaining service life which reflects the average estimated term of the post- employment benefit obligations. The breakup of the plan assets into various categories as at March 31, 2025 and March 31, 2024 are as follows: March 31, 2025 March 31, 2024 Central and State government bonds 60% 60% Public sector undertakings and Private sector bonds 28% 30% Others 12% 10% The asset allocation for plan assets is determined based on the investment criteria prescribed under the relevant regulations. The actuarial valuation of provident fund liability exposes the Group to interest rate risk. The defined benefit obligation calculated uses a discount rate based on government bonds. If bond yields fall, the defined benefit obligation will tend to increase.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 328, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e1b388c1a53dca5b"}, {"chunk_id": "1fce13d251a79c4e", "content": "The defined benefit obligation calculated uses a discount rate based on government bonds. If bond yields fall, the defined benefit obligation will tend to increase. As at March 31, 2025 the defined benefit obligation would be affected by approximately ₹129 crore on account of a 0.25% increase / decrease in the expected rate of return on plan assets. The Group contributed ₹1,323 crore and ₹1,257 crore to the provident fund during the year ended March 31, 2025 and March 31, 2024, respectively. The same has been recognized in the Consolidated Statement of Profit and Loss under the head employee benefit expense. The provident plans are applicable only to employees drawing a salary in Indian rupees. 2.22.3 Superannuation The Group contributed ₹512 crore and ₹513 crore during the year ended March 31, 2025 and March 31, 2024, respectively and the same has been recognized in the Consolidated Statement of Profit and Loss under the head employee benefit expense. 2.22.4 Employee benefit costs include: Particulars Year ended March 31, 2025 2024 Salaries and bonus(1) 83,739                      80,532 Defined contribution plans 677                           670 Defined benefit plans 1,534                        1,418 85,950                      82,620", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 328, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e1b388c1a53dca5b"}, {"chunk_id": "1defa3a338787ff9", "content": "(1)Includes employee stock compensation expense of ₹802 crore and ₹652 crore for the year ended March 31, 2025 and March 31, 2024 respectively. 2.23 EARNINGS PER EQUITY SHARE Basic earnings per equity share is computed by dividing the net profit attributable to the equity holders of the Group by the weighted average number of equity shares outstanding during the period. Diluted earnings per equity share is computed by dividing the net profit attributable to the equity holders of the Group by the weighted average number of equity shares considered for deriving basic earnings per equity share and also the weighted average number of equity shares that could have been issued upon conversion of all dilutive potential equity shares. The dilutive potential equity shares are adjusted for the proceeds receivable had the equity shares been actually issued at fair value (i.e. the average market value of the outstanding equity shares). Dilutive potential equity shares are deemed converted as at the beginning of the period, unless issued at a later date. Dilutive potential equity shares are determined independently for each period presented. The number of equity shares and potentially dilutive equity shares are adjusted retrospectively for all periods presented for any share splits and bonus shares issues including for changes effected prior to the approval of the financial statements by the Board of Directors.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 330, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a97f39303c94b161"}, {"chunk_id": "bbb0c75a17cce159", "content": "issues including for changes effected prior to the approval of the financial statements by the Board of Directors. The following is the computation of basic earnings per equity share: 2025 2024 Profit attributable to equity holders of the Company (in ₹ crore) 26,713 26,233 Basic earnings per equity share - weighted average number of equity shares outstanding (1) 4,141,611,738 4,138,568,090 64.50 63.39 Basic earnings per equity share (₹) The following is a reconciliation of the equity shares used in the computation of basic and diluted earnings per equity share and computation of diluted earnings per equity share: 2025 2024 Profit attributable to equity holders of the Company (in ₹ crore) 26,713                       26,233 Weighted average number of equity shares outstanding used in computing in basic earnings per equity share (1) 4,141,611,738            4,138,568,090 Effect of dilutive common equivalent shares - share options outstanding 10,439,446                  6,112,335 4,152,051,184 4,144,680,425 64.34 63.29 (1)  excludes treasury shares Weighted average number of equity shares and common equivalent shares outstanding used in computing diluted earnings per equity share Diluted earnings per equity share (₹) For the years ended March 31, 2025 and March 31, 2024, there were 13,931 and 1,19,711 options to purchase equity shares which had an anti-dilutive effect. 2.24 CONTINGENT LIABILITIES AND COMMITMENTS", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 330, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a97f39303c94b161"}, {"chunk_id": "7d577be0e15892c2", "content": "For the years ended March 31, 2025 and March 31, 2024, there were 13,931 and 1,19,711 options to purchase equity shares which had an anti-dilutive effect. 2.24 CONTINGENT LIABILITIES AND COMMITMENTS Contingent liability is a possible obligation arising from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity or a present obligation that arises from past events but is not recognized because it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation or the amount of the obligation cannot be measured with sufficient reliability. 2.24.1 Contingent liability March 31, 2025 March 31, 2024 Contingent liabilities : Claims against the Group, not acknowledged as debts(1) 2,953                         3,583 [Amount paid to statutory authorities ₹4,207 crore (₹8,754 crore) ] (1) As at March 31, 2025 and March 31, 2024, claims against the Group not acknowledged as debts in respect of income tax matters amounted to ₹1,933 crore and ₹2,794 crore, respectively. The claims against the Group primarily represent demands arising on completion of assessment proceedings under the Income Tax Act, 1961. These claims are", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 330, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a97f39303c94b161"}, {"chunk_id": "492aec7f520e763a", "content": "and ₹2,794 crore, respectively. The claims against the Group primarily represent demands arising on completion of assessment proceedings under the Income Tax Act, 1961. These claims are on account of issues of disallowance of expenditure towards software being held as capital in nature, payments made to Associated Enterprises held as liable for withholding of taxes, among others. These matters are pending before various Income Tax Authorities and the Management including its tax advisors expect that its position will likely be upheld on ultimate resolution and will not have a material adverse effect on the Group's financial position and results of operations. Amount paid to statutory authorities against the tax claims amounted to ₹4,199 crore and ₹8,743 crore as at March 31, 2025 and March 31, 2024, respectively. 2.24.2 Legal Proceedings McCamish Cybersecurity incident In November 2023, certain systems of Infosys McCamish Systems LLC (“McCamish”), a subsidiary of Infosys BPM Limited (a wholly owned subsidiary of Infosys Limited), were encrypted by ransomware, resulting in the non-availability of certain applications and systems. McCamish initiated its incident response and engaged cybersecurity and other specialists to assist in its investigation of and response to the incident and remediation and restoration of impacted applications and systems.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 330, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a97f39303c94b161"}, {"chunk_id": "4364c1f32bf31535", "content": "and engaged cybersecurity and other specialists to assist in its investigation of and response to the incident and remediation and restoration of impacted applications and systems. By December 31, 2023, McCamish, with external specialists’ assistance, substantially remediated and restored the affected applications and systems. Actions taken by McCamish included investigative analysis conducted by a third-party cybersecurity firm to determine, among other things, whether and the extent to which company or customer data was subject to unauthorized access or exfiltration. McCamish also engaged a third-party eDiscovery vendor in assessing the extent and nature of such data. McCamish in coordination with its third-party eDiscovery vendor has identified corporate customers and individuals whose information was subject to unauthorized access and exfiltration. McCamish processes personal data on behalf of its corporate customers.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 330, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a97f39303c94b161"}, {"chunk_id": "d4b2af77afa3636f", "content": "From March 6, 2024 through July 25, 2024, six actions were filed in the U.S. District Court for the Northern District of Georgia against McCamish. The actions arise out of the cybersecurity incident at McCamish initially disclosed on November 3, 2023. All six actions have since been consolidated, and the consolidated class action complaint was filed on November 7, 2024, purportedly on behalf of all persons residing in the United States whose personally identifiable information was compromised in the incident, including all who were sent a notice of the incident. On December 20, 2024, the Court granted the parties’ joint motion to stay proceedings pending the parties’ efforts to resolve the lawsuit through mediation. On March 13, 2025, McCamish and the plaintiffs engaged in mediation, resulting in an in-principle agreement that sets forth the terms of a proposed settlement of the class action lawsuits against McCamish, as well as seven class action lawsuits arising out of the incident that have been filed against McCamish’s customers. Under the settlement terms, McCamish has agreed to pay $17.5 million (approximately ₹150 crore) into a fund to settle these matters. The agreed terms are subject to finalization of the terms of the settlement agreement, and preliminary and final court approval. If approved, the settlement will resolve all allegations made in the class action lawsuits without admission of any liability.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 332, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7eaaddfeb5e854fa"}, {"chunk_id": "deb8d470883853be", "content": "agreement, and preliminary and final court approval. If approved, the settlement will resolve all allegations made in the class action lawsuits without admission of any liability. McCamish has recorded an accrual of $17.5 million (approximately ₹150 crore) related to the settlement. McCamish has recognized an insurance reimbursement receivable of $17 million (approximately ₹145 crore) which has been offset against the settlement expense of $17.5 million (approximately ₹150 crore) in the Statement of Profit and Loss. McCamish may incur additional costs including from indemnities or damages/claims, which are indeterminable at this Apart from legal proceedings and claims arising from the McCamish cybersecurity incident, the Group is subject to legal proceedings and claims which have arisen in the ordinary course of business. The Group’s management reasonably expects that such ordinary course legal actions, when ultimately concluded and determined, will not have a material and adverse effect on the Group’s results of operations or financial condition. Estimated amount of contracts remaining to be executed on capital contracts and not provided for (net of advances and deposits)(1) March 31, 2025 March 31, 2024 Other commitments* 122                              79 935                            780 (1) Capital contracts primarily comprises of commitments for infrastructure facilities and computer equipment.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 332, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7eaaddfeb5e854fa"}, {"chunk_id": "bae21cd23b031261", "content": "March 31, 2024 Other commitments* 122                              79 935                            780 (1) Capital contracts primarily comprises of commitments for infrastructure facilities and computer equipment. * Uncalled capital pertaining to investments 2.25  RELATED PARTY TRANSACTIONS List of related parties: Name of subsidiaries Holdings as at Infosys Technologies (China) Co. Limited (Infosys China)(1) China 100% 100% Infosys Technologies S. de R. L. de C. V. (Infosys Mexico)(1) Mexico 100% 100% March 31, 2025 March 31, 2024 Infosys Technologies (Sweden) AB (Infosys Sweden)(1) Sweden 100% 100% Infosys Technologies (Shanghai) Company Limited (Infosys Shanghai)(1) China 100% 100% EdgeVerve Systems Limited (EdgeVerve)(1) India 100% 100% Infosys Austria GmbH(1) Austria 100% 100% Skava Systems Private Limited  (Skava Systems)(1)(35) India - 100% Infosys Chile SpA(1) Chile 100% 100% Infosys Arabia Limited(2)(20) Saudi Arabia 70% 70% Infosys Consulting Ltda.(1) Brazil 100% 100% Infosys Luxembourg S.a.r.l(1) Luxembourg 100% 100% Infosys Americas Inc. (Infosys Americas)(1)(23) U.S. - - Infosys Consulting S.R.L.(2) Argentina 100% 100% Infosys Romania S.r.l. (formerly Infosys Consulting S.R.L. (Romania))(1) Romania 100% 100% Infosys Limited Bulgaria EOOD(1) Bulgaria 100% 100% Infosys Turkey Bilgi Teknolojileri Limited Sirketi(1) Turkey 100% 100% Infosys Germany Holding Gmbh(1) Germany 100% 100% Infosys Automotive and Mobility GmbH & Co. KG(1) Germany 100% 100% Infosys Green Forum(1) India 100% 100% Infosys Business Solutions LLC(1)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 332, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7eaaddfeb5e854fa"}, {"chunk_id": "b99ed5b0f06b0126", "content": "Turkey 100% 100% Infosys Germany Holding Gmbh(1) Germany 100% 100% Infosys Automotive and Mobility GmbH & Co. KG(1) Germany 100% 100% Infosys Green Forum(1) India 100% 100% Infosys Business Solutions LLC(1) Qatar 100% 100% WongDoody Inc. (1)(37) U.S. - 100% India 100% 100% IDUNN Information Technology Private Limited (formerly Danske IT and Support Services India Private Limited (“Danske IT”)) (1)(25) Infosys Public Services, Inc. USA (Infosys Public Services)(1) U.S. 100% 100% Infosys Public Services Canada Inc. (11) Canada 100% 100% Infosys BPM Limited(1) India 100% 100% Infosys BPM UK Limited(3) U.K. 100% 100% Infosys (Czech Republic) Limited s.r.o.(3) Czech Republic 100% 100% Infosys Poland Sp z.o.o(3) Poland 100% 100% Infosys McCamish Systems LLC(3) U.S. 100% 100% Portland Group Pty Ltd(3) Australia 100% 100% Infosys BPO Americas LLC.(3) U.S. 100% 100% Infosys BPM Canada Inc (3)(24)(29) Canada - - Panaya Inc. (Panaya)(1) U.S. 100% 100% Panaya Ltd.(4) Israel 100% 100% Panaya Germany GmbH (4) Germany 100% 100% Brilliant Basics Holdings Limited (Brilliant Basics)(1)(20) U.K. 100% 100% Brilliant Basics Limited (5)(20) U.K. 100% 100% Infosys Consulting Holding AG (1) Switzerland 100% 100% Infosys Management Consulting Pty Limited(6) Australia 100% 100% Infosys Consulting AG(6) Switzerland 100% 100% Infosys Consulting GmbH(6) Germany 100% 100% Infosys Consulting SAS(6) France 100% 100% Infy Consulting B.V.(6) The Netherlands 100% 100% Infosys Consulting (Belgium) NV(6) Belgium 100% 100% Infy Consulting Company Ltd(6) U.K. 100% 100% GuideVision s.r.o.(7) Czech Republic 100% 100%", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 332, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7eaaddfeb5e854fa"}, {"chunk_id": "53f3b831d5a53034", "content": "Infosys Consulting SAS(6) France 100% 100% Infy Consulting B.V.(6) The Netherlands 100% 100% Infosys Consulting (Belgium) NV(6) Belgium 100% 100% Infy Consulting Company Ltd(6) U.K. 100% 100% GuideVision s.r.o.(7) Czech Republic 100% 100% GuideVision Deutschland GmbH(8) Germany 100% 100% GuideVision Suomi Oy(8) Finland 100% 100% GuideVision Magyarország Kft(8) Hungary 100% 100% GuideVision Polska Sp. z.o.o(8) Poland 100% 100% GuideVision UK Ltd(8)(20) U.K. 100% 100% Infosys Nova Holdings LLC. (Infosys Nova)(1) U.S. 100% 100% Outbox systems Inc. dba Simplus (US)(9)(38) U.S. - 100% Simplus ANZ Pty Ltd.(9) Australia 100% 100% Simplus Australia Pty Ltd(10) Australia 100% 100% Simplus Philippines, Inc.(9) Philippines 100% 100% Kaleidoscope Animations, Inc.(9)(38) U.S. - 100% Kaleidoscope Prototyping LLC(17)(27) U.S. - - Blue Acorn iCi Inc (formerly Beringer Commerce Inc)(9)(38) U.S. - 100% Infosys Singapore Pte. Ltd. (formerly Infosys Consulting Pte. Ltd.)(1) Singapore 100% 100% Infosys Financial Services GmbH. (formerly Panaya GmbH) (12) Germany 100% 100% Infosys South Africa (Pty) Ltd(12) South Africa 100% 100% Infosys (Malaysia) SDN. BHD. (formerly Global Enterprise International (Malaysia) Sdn. Bhd.)(12) Malaysia 100% 100% Infosys Middle East FZ LLC (12) Dubai 100% 100% Infosys Norway (12) Norway 100% 100% Infosys Compaz Pte. Ltd (13) Singapore 60% 60% HIPUS Co., Ltd(13) Japan 81% 81% Fluido Oy (12) Finland 100% 100% Fluido Sweden AB (14) Sweden 100% 100% Fluido Norway A/S(14) Norway 100% 100% Fluido Denmark A/S(14) Denmark 100% 100% Fluido Slovakia s.r.o(14) Slovakia 100% 100%", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 332, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7eaaddfeb5e854fa"}, {"chunk_id": "940f93fb2ba687ad", "content": "60% 60% HIPUS Co., Ltd(13) Japan 81% 81% Fluido Oy (12) Finland 100% 100% Fluido Sweden AB (14) Sweden 100% 100% Fluido Norway A/S(14) Norway 100% 100% Fluido Denmark A/S(14) Denmark 100% 100% Fluido Slovakia s.r.o(14) Slovakia 100% 100% Infosys Fluido UK, Ltd.(14) U.K. 100% 100% Infosys Fluido Ireland, Ltd.(15) Ireland 100% 100% Stater N.V.(13) The Netherlands 75% 75% Stater Nederland B.V.(16) The Netherlands 75% 75% Stater XXL B.V.(16) The Netherlands 75% 75% HypoCasso B.V.(16) The Netherlands 75% 75%", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 332, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7eaaddfeb5e854fa"}, {"chunk_id": "d23dd51ac8c49c79", "content": "Stater Participations B.V.(28) The Netherlands - - Stater Belgium N.V./S.A.(16)(28) Belgium 75% 75% Stater Gmbh(16) Germany 75% 75% Infosys Germany GmbH (formerly Kristall 247. GmbH (“Kristall”))(12) Germany 100% 100% Wongdoody Gmbh (formerly known as oddity GmbH) (18) Germany 100% 100% WongDoody (Shanghai) Co. Limited (formerly known as oddity (Shanghai) Co., Ltd.) (19) China 100% 100% WongDoody limited  (Taipei) (formerly known as oddity Limited (Taipei)) (19) Taiwan 100% 100% oddity space GmbH (18)(26) Germany - - oddity jungle GmbH  (18)(26) Germany - - oddity code GmbH (18)(26) Germany - - WongDoody d.o.o (formerly known as oddity code d.o.o) (19)(26) Serbia 100% 100% oddity waves GmbH (18)(26) Germany - - oddity group services GmbH (18)(26) Germany - - BASE life science A/S (12) Denmark 100% 100% BASE life science AG (21) Switzerland 100% 100% BASE life science GmbH (21) Germany 100% 100% BASE life science S.A.S (21) France 100% 100% BASE life science Ltd. (21) U.K. 100% 100% BASE life science S.r.l. (21) Italy 100% 100% Innovisor Inc.(21) U.S. 100% 100% BASE life science Inc.(21) U.S. 100% 100% BASE life science S.L.(21) Spain 100% 100% InSemi Technology Services Private Limited (30) India 100% 100% Elbrus Labs Private Limited (30)(22) India 100% - Infosys Services (Thailand) Limited (1)(32) Thailand 100% - Infy tech SAS (12)(31) France 100% - Germany - - in-tech GmbH (33) Germany 100% - Friedrich & Wagner Asia Pacific GmbH (33)(39) Germany - - in-tech Holding GmbH (33)(39) drivetech Fahrversuch GmbH (33) Germany 100% - ProIT (33) Romania 100%", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 333, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8c63cde78e2f48b5"}, {"chunk_id": "14d23b83081b62b8", "content": "France 100% - Germany - - in-tech GmbH (33) Germany 100% - Friedrich & Wagner Asia Pacific GmbH (33)(39) Germany - - in-tech Holding GmbH (33)(39) drivetech Fahrversuch GmbH (33) Germany 100% - ProIT (33) Romania 100% - in-tech Automotive Engineering de R.L. de C.V (33)(20) Mexico 100% - Friedrich Wagner Holding Inc.(33)(20) U.S. 100% - in-tech Automotive Engineering SL (33) Spain 100% - in-tech Automotive Engineering LLC (33)(36) U.S. - - in-tech Services LLC (33)(36) U.S. - - in-tech Engineering s.r.o (33) Czech Republic 100% - in-tech Engineering GmbH (33) Austria 100% - in-tech Engineering services S.R.L (33) Romania 100% - in-tech Group Ltd (33) U.K. 100% - In-tech Automotive Engineering Shenyang Co. Ltd (33) China 100% - in-tech Group India Private Ltd (33) India - - In-tech Automotive Engineering Bejing Co., Ltd (33) China 100% - Blitz 24-893 SE (34) Germany 100% - Infosys Limited SPC (1)(40) Oman 100% - Infosys BPM Netherlands B.V. (3)(41) The Netherlands 100% - (1) Wholly-owned subsidiary of Infosys Limited (2) Majority owned and controlled subsidiary of Infosys Limited (3) Wholly-owned subsidiary of Infosys BPM Limited (4) Wholly-owned subsidiary of Panaya Inc. (5) Wholly-owned subsidiary of Brilliant Basics Holding Limited. (6) Wholly-owned subsidiary of Infosys Consulting Holding AG (7)Wholly-owned subsidiary of  Infy Consulting Company Limited (8)Wholly-owned subsidiary of GuideVision s.r.o. (9) Wholly-owned subsidiary of  Infosys Nova Holdings LLC", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 333, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8c63cde78e2f48b5"}, {"chunk_id": "1334d2b81c6b0c95", "content": "(7)Wholly-owned subsidiary of  Infy Consulting Company Limited (8)Wholly-owned subsidiary of GuideVision s.r.o. (9) Wholly-owned subsidiary of  Infosys Nova Holdings LLC (10) Wholly-owned subsidiary of Simplus ANZ Pty Ltd (11)Wholly-owned subsidiary of Infosys Public Services, Inc. (12) Wholly-owned subsidiary of Infosys Singapore Pte. Ltd. (formerly Infosys Consulting Pte. Ltd.) (13)Majority owned and controlled subsidiary of Infosys Singapore Pte. Ltd. (formerly Infosys Consulting Pte. Ltd.) (14)Wholly-owned subsidiary of Fluido Oy (15)Wholly-owned subsidiary of Infosys Fluido UK, Ltd. (16)Wholly-owned subsidiary of  Stater N.V (17) Wholly-owned subsidiary of Kaleidoscope Animations, Inc. (18)Wholly-owned subsidiary of Infosys Germany GmbH (formerly Kristall 247. GmbH (“Kristall”)) (19) Wholly-owned subsidiary of Wongdoody Gmbh (formerly known as oddity GmbH) (20) Under liquidation (21) Wholly-owned subsidiary of BASE life science A/S (22) Wholly-owned subsidiary of InSemi Technology Services Private Limited (23) Liquidated effective July 14, 2023 (24)  Incorporated on August 11, 2023 (25)  On September 1, 2023 Infosys Ltd. acquired 100% of voting interests in IDUNN Information Technology Private Limited (formerly Danske IT and Support Services India Private Limited (“Danske IT”))", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 333, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8c63cde78e2f48b5"}, {"chunk_id": "6b50dec0e631b1f0", "content": "(25)  On September 1, 2023 Infosys Ltd. acquired 100% of voting interests in IDUNN Information Technology Private Limited (formerly Danske IT and Support Services India Private Limited (“Danske IT”)) (26) On September 29, 2023, oddity space GmbH, oddity waves GmbH, oddity jungle GmbH, oddity group services GmbH and oddity code GmbH merged into WongDoody GmbH and oddity code d.o.o which was formerly a subsidiary of oddity code Gmbh has become a subsidiary of Wongdoody Gmbh (formerly known as oddity GmbH). (27)  Kaleidoscope Prototyping LLC, a Wholly-owned subsidiary of Kaleidoscope Animations is liquidated effective November 1, 2023 (28) On November 24, 2023 Stater Participations B.V (Wholly-owned subsidiary of Stater N.V) merged with Stater N.V and Stater Belgium N.V./S.A which was formerly a wholly owned subsidiary of Stater Participations B.V. became a wholly owned subsidiary of Stater N.V. (29) On March 15, 2024 Infosys BPM Canada Inc., a Wholly-owned subsidiary of Infosys BPM Limited got dissolved. (30) On May 10, 2024 Infosys Ltd. acquired 100% of voting interests in InSemi Technology Services Private Limited along with its subsidiary Elbrus Labs Private Limited (31) Incorporated on July 03, 2024 (33) On July 17, 2024, Infosys Germany GmbH, a wholly owned subsidiary of Infosys Singapore Pte. Limited, acquired 100% of voting interests in in-tech Holding GmbH along with its", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 333, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8c63cde78e2f48b5"}, {"chunk_id": "1e7917db2d691618", "content": "(33) On July 17, 2024, Infosys Germany GmbH, a wholly owned subsidiary of Infosys Singapore Pte. Limited, acquired 100% of voting interests in in-tech Holding GmbH along with its subsidiary in-tech GmbH along with its six subsidiaries in-tech Automotive Engineering SL, ProIT, in-tech Automotive Engineering de R.L. de C.V, drivetech Fahrversuch GmbH, Friedrich Wagner Holding Inc along with its two subsidiaries (in-tech Automotive Engineering LLC and in-tech Services LLC) and Friedrich & Wagner Asia Pacific GmbH along with its five subsidiaries in-tech engineering s.r.o, in-tech engineering GmbH, in-tech engineering services S.R.L, in-tech Group Ltd along with its subsidiary (in-tech Group India Private Limited) and In- tech Automotive Engineering Shenyang Co., Ltd along with its subsidiary (In-tech Automotive Engineering Bejing Co., Ltd). Subsequently on September 01, 2024 in-tech Group India Private Limited became a wholly-owned subsidiary of Infosys limited. (32) Incorporated on July 26, 2024 (34) On October 17, 2024, Infosys Singapore Pte Ltd. acquired 100% of voting interests in Blitz 24-893 SE (35) Liquidated effective November 14, 2024 (36) Liquidated effective November 30, 2024 (37) WongDoody Inc, a wholly-owned subsidiary of Infosys limited merged into Infosys Nova Holdings LLC effective January 1, 2025", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 333, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8c63cde78e2f48b5"}, {"chunk_id": "ddc74db45dd302f6", "content": "(36) Liquidated effective November 30, 2024 (37) WongDoody Inc, a wholly-owned subsidiary of Infosys limited merged into Infosys Nova Holdings LLC effective January 1, 2025 (38) Kaleidoscope Animations, Blue Acorn iCi Inc and Outbox systems Inc. dba Simplus (US) merged into Infosys Nova Holdings LLC effective January 1,2025 (39) in-tech Holding GmbH and Friedrich & Wagner Asia Pacific GmbH merged into in-tech GmbH effective January 1,2025 (41) Incorporated on March 20, 2025 (40) Incorporated on December 12, 2024", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 333, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8c63cde78e2f48b5"}, {"chunk_id": "fc75b12d4d0f8972", "content": "Particulars Country Infosys Limited Employees' Gratuity Fund Trust India Post-employment benefit plan of Infosys Infosys Limited Employees' Provident Fund Trust India Post-employment benefit plan of Infosys Infosys Limited Employees' Superannuation Fund Trust India Post-employment benefit plan of Infosys Infosys BPM Limited Employees' Superannuation Fund Trust India Post-employment benefit plan of Infosys BPM Infosys BPM Limited Employees' Gratuity Fund Trust India Post-employment benefit plan of Infosys BPM EdgeVerve Systems Limited Employees' Gratuity Fund Trust India Post-employment benefit plan of EdgeVerve EdgeVerve Systems Limited Employees' Superannuation Fund Trust India Post-employment benefit plan of EdgeVerve Infosys Employees Welfare Trust India Controlled trust Infosys Employee Benefits Trust India Controlled trust Infosys Science Foundation India Controlled trust Infosys Expanded Stock Ownership Trust India Controlled trust List of other related party Nature of relationship Infosys Foundation (1) India Trust jointly controlled by KMPs Refer to Note 2.22 for information on transactions with post-employment benefit plans mentioned above. (1) During the year ended March 31, 2025 and March 31, 2024, the Group contributed ₹434 crore and ₹408 crore, respectively towards CSR. List of key management personnel Salil Parekh, Chief Executive Officer and Managing Director Non-whole-time Directors Micheal Gibbs Bobby Parikh", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 335, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9e1d8cfdf55dff14"}, {"chunk_id": "dc0c67915b11a93f", "content": "List of key management personnel Salil Parekh, Chief Executive Officer and Managing Director Non-whole-time Directors Micheal Gibbs Bobby Parikh Helene Auriol Potier (appointed as independent director effective May 26, 2023) Nitin Paranjpe (appointed as an additional and independent director effective January 1, 2024) Uri Levine (retired as independent director effective April 19, 2023) Inderpreet Sawhney, Chief Legal Officer and Chief Compliance Officer Jayesh Sanghrajka (appointed as Chief Financial Officer effective April 1, 2024) Nilanjan Roy (resigned as Chief Financial Officer of the Company effective March 31, 2024) Shaji Mathew , Chief Human Resources Officer Mohit Joshi (resigned as President effective March 11, 2023 and was on leave till June 9, 2023 which was his last date with the Company) Company Secretary A.G.S. Manikantha Transaction with key management personnel: The table below describes the compensation to key management personnel which comprise directors and executive officers: (In ₹ crore) Particulars Year ended  March 31, Salaries and other short term employee benefits to whole-time directors and executive officers (1)(2) 118                                113 19                                  17 Total 137                                130 Commission and other benefits to non-executive/independent directors", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 335, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9e1d8cfdf55dff14"}, {"chunk_id": "d4e07d20163d6e52", "content": "118                                113 19                                  17 Total 137                                130 Commission and other benefits to non-executive/independent directors (1) Total employee stock compensation expense for the year ended March 31, 2025 and March 31, 2024 includes a charge of ₹70 crore and ₹68 crore, respectively, towards key management personnel. (Refer to Note 2.12) (2) Does not include post-employment benefits and other long-term benefits based on actuarial valuation as these are done for the Company as a whole. Additional information pursuant to para 2 of general instructions for the preparation of Consolidated Financial Statements Net Assets Share in profit or loss Share in other comprehensive income Share in total comprehensive income as % age of consolidated as % age of consolidated as % age of consolidated as % age of consolidated profit or loss Infosys Limited 75.2% 87,332 88.0% 25,568 100.0% 105 88.0% 25,673 Indian Subsidiaries Infosys BPM Limited 2.8% 3,276 2.7% 773 (3.8%) (4) 2.6% 769 EdgeVerve Systems Limited (EdgeVerve) 1.5% 1,783 3.8% 1,095 (1.0%) (1) 3.8% 1,094 Infosys Green Forum 0.3% 304 0.0% 6 0.0% - 0.0% 6 Danske IT and Support Services India Private Limited (“DIT”) 0.1% 79 0.0% - 0.0% - 0.0% - Skava Systems Pvt. Ltd.  (Skava Systems) 0.0% - 0.0% - 0.0% - 0.0% - Elbrus Labs Private Limited 0.0% 4 0.0% - 0.0% - 0.0% - Insemi Technology Service Private Limited 0.0% 42 (0.0%) (5) 0.0% - (0.0%) (5) in-tech Group India Private Ltd, 0.0% 1 0.0% -", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 335, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9e1d8cfdf55dff14"}, {"chunk_id": "fa0488ab2312bd4b", "content": "Foreign Subsidiaries Infosys Technologies (China) Co. Limited (Infosys China) 0.6% 706 0.5% 153 0.0% - 0.5% 153 Infosys Technologies S. de R. L. de C. V. (Infosys Mexico) 0.5% 548 0.3% 85 0.0% - 0.3% 85 Infosys Technologies (Sweden) AB. (Infosys Sweden) 0.2% 250 0.2% 56 0.0% - 0.2% 56 Infosys Technologies (Shanghai) Company Limited (Infosys Shanghai) 0.3% 379 (0.2%) (72) 0.0% - (0.2%) (72) Panaya Inc. (Panaya) 0.2% 189 (0.0%) (8) 0.0% - (0.0%) (8) Infosys Nova Holdings LLC. (Infosys Nova) 2.6% 2,978 0.3% 89 0.0% - 0.3% 89 Panaya Ltd (0.1%) (161) 0.6% 187 0.0% - 0.6% 187 Infosys Financial Services GmbH (Formerly known as Panaya Gmbh) 0.0% 4 0.0% 1 0.0% - 0.0% 1 Infosys Middle East FZ LLC (0.0%) (8) 0.0% 3 1.9% 2 0.0% 5 Infosys Chile SpA 0.1% 59 0.1% 22 0.0% - 0.1% 22 WongDoody, Inc 0.0% - 0.2% 48 0.0% - 0.2% 48 Fluido Oy 0.1% 151 0.1% 20 0.0% - 0.1% 20 Fluido Sweden AB (Extero) 0.1% 78 0.1% 18 0.0% - 0.1% 18 Fluido Norway A/S 0.1% 66 0.0% 10 0.0% - 0.0% 10 Fluido Denmark A/S (0.0%) (8) 0.0% 7 0.0% - 0.0% 7 Fluido Slovakia s.r.o 0.0% 7 0.0% 1 0.0% - 0.0% 1 Infosys Fluido UK Ltd (0.0%) (4) 0.0% 10 0.0% - 0.0% 10 Infosys Fluido Ireland Ltd 0.0% 7 0.0% 3 0.0% - 0.0% 3 Infosys Consulting Holding AG 0.5% 582 0.5% 147 0.0% - 0.5% 147 Infosys Management Consulting Pty Ltd 0.1% 72 0.1% 20 0.0% - 0.1% 20 Infosys Consulting AG 0.1% 162 0.1% 33 3.8% 4 0.1% 37 Infosys Consulting (Belgium) NV 0.0% - 0.0% 4 0.0% - 0.0% 4 Infosys Consulting GmbH 0.1% 165 0.1% 33 0.0%", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 336, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "88211a69075c40b3"}, {"chunk_id": "0b456bdd77bf4c46", "content": "0.1% 72 0.1% 20 0.0% - 0.1% 20 Infosys Consulting AG 0.1% 162 0.1% 33 3.8% 4 0.1% 37 Infosys Consulting (Belgium) NV 0.0% - 0.0% 4 0.0% - 0.0% 4 Infosys Consulting GmbH 0.1% 165 0.1% 33 0.0% - 0.1% 33 Infosys Singapore Pte. Ltd 5.8% 6,782 (0.0%) (1) 0.0% - (0.0%) (1) Infosys Consulting SAS 0.0% 10 0.0% 5 0.0% - 0.0% 5 Infosys Consulting S.R.L. (Argentina) (0.0%) (17) (0.1%) (31) 0.0% - (0.1%) (31) Infosys Austria GMBH 0.0% 3 0.0% 4 0.0% - 0.0% 4 Infy Consulting B.V. 0.1% 65 0.0% 7 0.0% - 0.0% 7 Infosys Consulting Ltda 0.1% 167 0.2% 46 0.0% - 0.2% 46 Infosys Consulting S.R.L. 0.1% 134 0.1% 26 0.0% - 0.1% 26 Infosys McCamish Systems LLC 1.1% 1,233 0.3% 76 0.0% - 0.3% 76 Stater N.V. 0.4% 432 0.5% 138 0.0% - 0.5% 138 Stater Nederland B.V. 0.1% 133 (0.3%) (78) 0.0% - (0.3%) (78) Stater XXL B.V. 0.0% - 0.0% - 0.0% - 0.0% - HypoCasso B.V. 0.0% 23 0.0% 11 0.0% - 0.0% 11 Net Assets Share in profit or loss Share in other comprehensive income as % age of consolidated as % age of consolidated as % age of consolidated as % age of consolidated profit or loss", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 336, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "88211a69075c40b3"}, {"chunk_id": "aff364e3a110ad2c", "content": "Stater Gmbh (0.1%) (61) (0.1%) (29) 0.0% - (0.1%) (29) Stater Belgium N.V./S.A. 0.1% 113 0.1% 20 1.0% 1 0.1% 21 Infosys South Africa (Pty) Ltd 0.0% 10 0.0% - 0.0% - 0.0% - Infosys Limited Bulgaria EOOD 0.0% 13 0.0% 5 0.0% - 0.0% 5 Kaleidoscope Animations, Inc. 0.0% - 0.2% 46 0.0% - 0.2% 46 Blue Acorn iCi Inc (formerly known as Beringer Commerce Inc) 0.0% - 0.2% 53 0.0% - 0.2% 53 GuideVision, s.r.o.. 0.1% 152 0.1% 41 0.0% - 0.1% 41 GuideVision Deutschland GmbH (0.0%) (9) 0.0% - 0.0% - 0.0% - GuideVision Suomi Oy (0.0%) (3) (0.0%) (3) 0.0% - (0.0%) (3) GuideVision Magyarország Kft. (0.0%) (1) (0.0%) (1) 0.0% - (0.0%) (1) GuideVision Polska SP. Z O.O. 0.0% - 0.0% - 0.0% - 0.0% - GuideVision UK Ltd 0.0% 2 0.0% - 0.0% - 0.0% - Infosys Germany Holding Gmbh 0.0% 1 (0.0%) (1) 0.0% - (0.0%) (1) Infosys Automotive and Mobility GmbH & Co. KG (1.1%) (1,239) (0.8%) (240) 1.0% 1 (0.8%) (239) Infosys Turkey Bilgi Teknolojikeri Limited Sirketi 0.0% 8 (0.1%) (23) 0.0% - (0.1%) (23) Infosys Germany GmbH (formerly Kristall 247. GmbH (“Kristall”) 3.5% 4,065 (0.2%) (53) 0.0% - (0.2%) (53) WongDoody GmbH (formerly known as oddity GmbH ) 0.0% 36 (0.1%) (17) 0.0% - (0.1%) (17) oddity (Shanghai) Co., Ltd. 0.0% 6 0.0% 1 0.0% - 0.0% 1 oddity Limited(Taipei) 0.0% 1 0.0% 1 0.0% - 0.0% 1 Wongdoody D.O.O 0.0% 6 0.0% 1 0.0% - 0.0% 1 Infosys Business Solutions LLC 0.0% 48 0.1% 16 0.0% - 0.1% 16 Panaya Germany GmbH (0.0%) (1) 0.0% 1 0.0% - 0.0% 1 Infosys Arabia Limited 0.0% 4 0.0% - 0.0% - 0.0% -", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 336, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6c553aa441f76882"}, {"chunk_id": "954dc306bd33ddcf", "content": "0.0% 6 0.0% 1 0.0% - 0.0% 1 Infosys Business Solutions LLC 0.0% 48 0.1% 16 0.0% - 0.1% 16 Panaya Germany GmbH (0.0%) (1) 0.0% 1 0.0% - 0.0% 1 Infosys Arabia Limited 0.0% 4 0.0% - 0.0% - 0.0% - Infosys Norway 0.0% 1 0.0% - 0.0% - 0.0% - Outbox systems Inc. dba Simplus (US) 0.0% - 0.1% 34 0.0% - 0.1% 34 Simplus Australia Pty Ltd 0.0% 16 0.0% 12 0.0% - 0.0% 12 Simplus Philippines, Inc. 0.0% 19 0.0% 4 0.0% - 0.0% 4 Simplus ANZ Pty Ltd. 0.0% - 0.0% - 0.0% - 0.0% - BASE life science AG (0.0%) (3) (0.1%) (28) (2.9%) (3) (0.1%) (31) BASE life science GmbH (0.0%) (1) 0.0% 3 0.0% - 0.0% 3 BASE life science A/S 0.0% 10 (0.3%) (80) 0.0% - (0.3%) (80) BASE life science S.A.S 0.0% 2 0.0% 2 0.0% - 0.0% 2 BASE life science Ltd. 0.0% 8 0.0% 3 0.0% - 0.0% 3 BASE life science S.r.l. (0.0%) (1) (0.0%) (1) 0.0% - (0.0%) (1) Innovisor Inc. 0.0% - 0.0% - 0.0% - 0.0% - BASE life science Inc. (0.0%) (2) (0.0%) (1) 0.0% - (0.0%) (1) BASE life science S.L. 0.0% 12 0.0% 5 0.0% - 0.0% 5 Infosys Public Services, Inc. USA (Infosys Public Services) 1.5% 1,745 1.2% 338 0.0% - 1.2% 338 Infosys Luxembourg S.a.r.l 0.0% 57 0.1% 17 0.0% - 0.1% 17 Infosys Compaz PTE Ltd 0.3% 303 0.3% 87 0.0% - 0.3% 87 Infy Consulting Company Limited 0.3% 334 0.3% 75 0.0% - 0.3% 75 Infosys Poland Sp. Z.o.o 1.1% 1,227 0.5% 145 0.0% - 0.5% 145 Portland Group Pty Ltd 0.0% 50 0.0% - 0.0% - 0.0% - Infosys BPO Americas LLC 0.1% 96 0.1% 18 0.0% - 0.1% 18 Infosys (Czech Republic) Limited s.r.o. 0.1% 103 (0.0%) (9)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 336, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6c553aa441f76882"}, {"chunk_id": "4766666c479b329c", "content": "Z.o.o 1.1% 1,227 0.5% 145 0.0% - 0.5% 145 Portland Group Pty Ltd 0.0% 50 0.0% - 0.0% - 0.0% - Infosys BPO Americas LLC 0.1% 96 0.1% 18 0.0% - 0.1% 18 Infosys (Czech Republic) Limited s.r.o. 0.1% 103 (0.0%) (9) 0.0% - (0.0%) (9) HIPUS Co., Ltd 0.1% 149 0.1% 31 0.0% - 0.1% 31 Global Enterprise International (Malaysia) Sdn. Bhd. 0.0% 25 0.0% 8 0.0% - 0.0% 8 Infosys BPM UK Limited 0.0% 22 0.0% - 0.0% - 0.0% - Infosys Public Services Canada Inc. 0.0% 31 0.0% 7 0.0% - 0.0% 7 Brilliant Basics Holdings Limited 0.1% 70 0.0% 1 0.0% - 0.0% 1 Brilliant Basics Limited 0.0% 1 0.0% - 0.0% - 0.0% - Infy tech SAS 0.0% - 0.0% - 0.0% - 0.0% - In-tech Automotive Engineering Shenyang Co. Ltd 0.0% 11 0.0% 2 0.0% - 0.0% 2 In-tech Automotive Engineering Bejing Co., Ltd 0.0% 9 0.0% 1 0.0% - 0.0% 1 in-tech Holding GmbH 0.1% 83 0.0% 5 0.0% - 0.0% 5 in-tech GmbH 0.4% 471 0.1% 21 0.0% - 0.1% 21 drivetech Fahrversuch GmbH 0.0% 6 0.0% 2 0.0% - 0.0% 2 Friedrich & Wagner Asia Pacific GmbH 0.0% - 0.0% 10 0.0% - 0.0% 10 ProIT,S.R.L 0.0% 19 0.0% 3 0.0% - 0.0% 3 in-tech Engineering services S.R.L, RO 0.0% 7 0.0% 1 0.0% - 0.0% 1 in-tech Automotive Engineering SL (0.0%) (4) 0.0% - 0.0% - 0.0% - in-tech Engineering GmbH, Austria 0.0% 9 0.0% 3 0.0% - 0.0% 3 in-tech Automotive Engineering LLC 0.0% - 0.0% - 0.0% - 0.0% - Friedrich & Wagner Holding Inc. (0.0%) (2) (0.0%) (1) 0.0% - (0.0%) (1) in-tech Services LLC 0.0% - 0.0% - 0.0% - 0.0% -", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 336, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6c553aa441f76882"}, {"chunk_id": "ee7a6c959b322e3e", "content": "0.0% 3 0.0% - 0.0% 3 in-tech Automotive Engineering LLC 0.0% - 0.0% - 0.0% - 0.0% - Friedrich & Wagner Holding Inc. (0.0%) (2) (0.0%) (1) 0.0% - (0.0%) (1) in-tech Services LLC 0.0% - 0.0% - 0.0% - 0.0% - in-tech Automotive Engineering de R.L. de C.V 0.0% - 0.0% - 0.0% - 0.0% - in-tech Engineering s.r.o 0.0% 12 0.0% 2 0.0% - 0.0% 2 in-tech Group Ltd 0.0% 7 0.0% 13 0.0% - 0.0% 13 Blue Acorn Llc 0.0% - 0.0% - 0.0% - 0.0% - Blitz 24-893 SE 0.0% 1 0.0% - 0.0% - 0.0% - Infosys Services (Thailand) Limited 0.0% 10 (0.0%) (2) 0.0% - (0.0%) (2) WongDoody Holding  Inc. 0.0% - 0.0% - 0.0% - 0.0% - Subtotal 100.0% 116,072 100.0% 29,059 100.0% 105 100.0% 29,164", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 336, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6c553aa441f76882"}, {"chunk_id": "e47046c71cb5d955", "content": "Adjustment arising out of consolidation (20,129) (2,328) 349 (1,979) Controlled Trusts (125) (18) - (18) 95,818 26,713 454 27,167 Non-controlling Interests 385 37 5 42 Total 96,203 26,750 459 27,209 Ind AS 108, Operating segments, establishes standards for the way that public business enterprises report information about operating segments and related disclosures about products and services, geographic areas, and major customers. The Group's operations predominantly relate to providing end-to-end business solutions to enable clients to enhance business performance. The Chief Operating Decision Maker (CODM) evaluates the Group's performance and allocates resources based on an analysis of various performance indicators by business segments. Accordingly, information has been presented along business segments. The accounting principles used in the preparation of the financial statements are consistently applied to record revenue and expenditure in individual segments, and are as set out in the accounting policies. Business segments of the Group are primarily enterprises in Financial Services and Insurance, enterprises in Manufacturing, enterprises in Retail, Consumer Packaged Goods and Logistics, enterprises in the Energy, Utilities, Resources and Services, enterprises in Communication, Telecom OEM and Media, enterprises in Hi-Tech, enterprises in Life Sciences and Healthcare and all other segments.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 338, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a7f8c33ec934c99c"}, {"chunk_id": "fdf8d4569121ab8a", "content": "enterprises in Life Sciences and Healthcare and all other segments. The Financial services reportable segments has been aggregated to include the Financial Services operating segment and Finacle operating segment because of the similarity of the economic characteristics. All other segments represent the operating segments of businesses in India, Japan, China, Infosys Public Services & other enterprises in Public Services. Revenue and identifiable operating expenses in relation to segments are categorized based on items that are individually identifiable to that segment. Revenue for 'all other segments' represents revenue generated by Infosys Public services and revenue generated from customers located in India, Japan and China and other enterprises in Public services. Allocated expenses of segments include expenses incurred for rendering services from the Group's offshore software development centers and on-site expenses, which are categorized in relation to the associated efforts of the segment. Certain expenses such as depreciation and amortization, which form a significant component of total expenses, are not specifically allocable to specific segments as the underlying assets are used interchangeably. The Management believes that it is not practical to provide segment disclosures relating to those costs and expenses, and accordingly these expenses are separately disclosed as \"unallocated\" and adjusted", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 338, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a7f8c33ec934c99c"}, {"chunk_id": "0bdad77e57f5e8a3", "content": "The Management believes that it is not practical to provide segment disclosures relating to those costs and expenses, and accordingly these expenses are separately disclosed as \"unallocated\" and adjusted against the total income of the Group. Assets and liabilities used in the Group's business are not identified to any of the reportable segments, as these are used interchangeably between segments. The Management believes that it is currently not practicable to provide segment disclosures relating to total assets and liabilities since a meaningful segregation of the available data is onerous. Business segment revenue information is collated based on individual customers invoiced or in relation to which the revenue is otherwise recognized. Disclosure of revenue by geographic locations is given in note 2.18 Revenue from operations. Year ended March 31, 2025 and March 31, 2024: Financial Services (1) Retail (2) Communic Energy, Utilities, Resources and Services Manufacturing Hi-Tech Life Sciences (4) All other segments (5) Revenue from operations 45,175        22,059        19,108          21,710               25,207        13,090        11,831          4,810            162,990 42,158        22,504        17,991         20,035              22,298        12,411        11,515          4,758           153,670 Identifiable operating expenses", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 338, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a7f8c33ec934c99c"}, {"chunk_id": "5747e0068f06e44b", "content": "42,158        22,504        17,991         20,035              22,298        12,411        11,515          4,758           153,670 Identifiable operating expenses 25,871        10,931        12,420          11,882               16,167          7,592          7,166          2,986              95,015 24,782        11,704        11,071         10,838              14,596          7,232          6,716          2,938             89,877 Allocated expenses 8,205          3,995          3,347            3,731                 4,184          2,278          2,002             997              28,739 8,052          3,918          3,232           3,674                3,505          2,026          1,901          1,060             27,368 Segment operating income 11,099          7,133          3,341            6,097                 4,856          3,220          2,663             827              39,236 9,324          6,882          3,688           5,523                4,197          3,153          2,898             760             36,425 Unallocable expenses 4,812 4,678 Other income, net 3,600 4,711 Finance cost 416 470 Profit before tax 37,608 35,988 Income tax expense 10,858 9,740 Net Profit 26,750 26,248 Depreciation and amortization expense 4,812 4,678 Non-cash expenses other than depreciation and amortization — — (1) Financial Services include enterprises in Financial Services and Insurance", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 338, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a7f8c33ec934c99c"}, {"chunk_id": "08d672a8124dc573", "content": "Net Profit 26,750 26,248 Depreciation and amortization expense 4,812 4,678 Non-cash expenses other than depreciation and amortization — — (1) Financial Services include enterprises in Financial Services and Insurance (2)  Retail includes enterprises in Retail, Consumer Packaged Goods and Logistics (3) Communication includes enterprises in Communication, Telecom OEM and Media (4)  Life Sciences includes enterprises in Life sciences and Health care (5)  Others include operating segments of businesses in India, Japan, China, Infosys Public Services & other enterprises in Public Services No client individually accounted for more than 10% of the revenues for the year ended March 31, 2025 and March 31, 2024, respectively. 2.27  FUNCTION WISE CLASSIFICATION OF CONSOLIDATED STATEMENT OF PROFIT AND LOSS Revenue from operations 2.18 162,990                                 153,670 Cost of Sales 113,347                                 107,413 Gross profit 49,643                                   46,257 Operating expenses Selling and marketing expenses 7,588                                     6,973 Total operating expenses 15,219                                   14,510 Operating profit 34,424                                   31,747 Other income, net 2.19 3,600                                     4,711 General and administration expenses 7,631                                     7,537 Finance cost 416                                        470 Profit before tax", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 338, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a7f8c33ec934c99c"}, {"chunk_id": "36919432247ac83e", "content": "Current tax 2.17 12,130                                     8,390 Deferred tax 2.17 (1,272)                                     1,350 Profit for the period 26,750                                   26,248 Other comprehensive income Items that will not be reclassified subsequently to profit or loss Remeasurement of the net defined benefit liability/asset, net 2.22 (92)                                        120 Equity instruments through other comprehensive income, net 2.5 19                                         19 (73)                                        139 Items that will be reclassified subsequently to profit or loss Fair value changes on derivatives designated as cash flow hedge, net 2.11 (24) 11 Exchange differences on translation of foreign operations, net 357                                        226 Fair value changes on  investments, net 2.5 199                                        144 532                                        381 Total other comprehensive income / (loss), net of tax 459                                        520 Total comprehensive income for the period 27,209                                   26,768 Profit attributable to: Owners of the Company 26,713                                   26,233 Non-controlling interests 37                                         15 26,750                                   26,248 Total comprehensive income attributable to: Owners of the Company 27,167                                   26,754", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 339, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4d2810b0d4b0dec7"}, {"chunk_id": "662941c57d60f5e0", "content": "37                                         15 26,750                                   26,248 Total comprehensive income attributable to: Owners of the Company 27,167                                   26,754 Non-controlling interests 42                                         14 27,209                                   26,768 for and on behalf of the Board of Directors of Infosys Limited Nandan M. Nilekani Salil Parekh Bobby Parikh Chairman Chief Executive Officer Director DIN: 00041245 and Managing Director DIN: 00019437 Bengaluru Jayesh Sanghrajka A.G.S. Manikantha April 17, 2025 Chief Financial Officer Company Secretary Membership No. A21918 [OCR] Deloitte Chartered Accountants Prestige Trade Tower; Level 19 46, Palace Road, High Grounds Haskins & Sells LLP Bengaluru-560 001 Karnataka; India Tel: +91 80 6188 6000 Fax: +91 80 6188 6011 INDEPENDENT AUDITOR'S REPORT TO THE BOARD OF DIRECTORS OF INFOSYS LIMITED Report on the Audit of the Interim Condensed Consolidated Financial Statements Opinion We have audited the accompanying interim condensed consolidated financial statements of subsidiaries (the Company Company\") , INFOSYS LIMITED (the and its and its subsidiaries together referred to as the \"Group\"), which comprise the Condensed Consolidated Balance Sheet as at March 31, 2025, the Condensed Consolidated Statement of Profit and Loss (including Other Condensed Comprehensive Income) for the three months and year ended on that date, the", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 339, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4d2810b0d4b0dec7"}, {"chunk_id": "424644d1b6c5d585", "content": "as at March 31, 2025, the Condensed Consolidated Statement of Profit and Loss (including Other Condensed Comprehensive Income) for the three months and year ended on that date, the Consolidated Statement of Changes in Equity and the Condensed Consolidated Statement of Cash Flows for the year ended on that date, and notes to the financial statements including a summary of the material accounting policies and other explanatory information (hereinafter referred to as 'interim condensed consolidated financial statements the 9 In our opinion and to the best of our information and according to the explanations given to US, a true and fair view in the aforesaid interim condensed consolidated financial statements give conformity with the Indian Accounting Standard 34 \"Interim Financial Reporting\" (\"Ind AS 34\") prescribed under section 133 of the Companies Act, 2013 (the Act\")  read with relevant rules issued thereunder and other accounting principles generally accepted in India, of the consolidated state of affairs of the Group as at March 31, 2025, its consolidated and its consolidated profit total comprehensive income for the three months and year ended on that date, its consolidated changes in equity and its consolidated cash flows for the year ended on that date: Basis for Opinion We conducted our audit of the interim condensed consolidated financial statements in accordance Auditing SAs\") specified with the Standards under section 143 (10) of the Act.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 339, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4d2810b0d4b0dec7"}, {"chunk_id": "478364fd1a08e514", "content": "Basis for Opinion We conducted our audit of the interim condensed consolidated financial statements in accordance Auditing SAs\") specified with the Standards under section 143 (10) of the Act. Our on responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Interim Condensed Consolidated Financial Statements section of our report. We are independent of the Group in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (\"ICAI\") together with the ethical requirements that are relevant to our audit of the interim condensed consolidated financial statements under the provisions of have Rules made thereunder, and we fulfilled our other ethical responsibilities in the the Act and accordance with these requirements and the ICAI's Code of Ethics. We believe that the audit evidence obtained by US is sufficient and appropriate to provide a basis for our audit opinion on the interim condensed consolidated financial statements: Responsibilities of Management and Board of Directors for the Interim Condensed Consolidated Financial Statements The Company's Board of Directors is responsible for the preparation and presentation of these fair of the interim condensed consolidated financial  statements that give true and view consolidated consolidated financial position, consolidated financial performance , total", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 339, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4d2810b0d4b0dec7"}, {"chunk_id": "7ef31af0c843eb85", "content": "fair of the interim condensed consolidated financial  statements that give true and view consolidated consolidated financial position, consolidated financial performance , total comprehensive income, consolidated changes in equity and consolidated cash flows of the Group in accordance with Ind AS 34 and other accounting principles generally accepted in India. The are   responsible respective included for Boards of Directors of the entities the Group in maintenance of the adequate accounting records for safeguarding the assets of the Group and and   detecting for   preventing other   irregularities; frauds and selection and application of appropriate accounting  policies; making  judgments and estimates that reasonable and are maintenance of adequate internal financial controls, prudent; and design, implementation and accounting that were operating effectively for ensuring the accuracy and completeness of the Regd. Office: One International Center; Tower 3,31st floor; Senapati Bapat Marg Elphinstone Road (West) Mumbai-400 013, Maharashtra, India: having Deloitte Haskins & Sells LLP is registered with Limited Liability LLP identification No: AAB-8737", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 339, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4d2810b0d4b0dec7"}, {"chunk_id": "1289906cccc86c65", "content": "[OCR] Deloitte Haskins & Sells LLP preparation of respective interim financial presentation relevant the and the records, to statements that give a true and fair view and are free from material misstatement, whether due to fraud or error which have been used for the purpose of preparation of the interim condensed consolidated financial statements by the Directors of the Company, as aforesaid In preparing the interim condensed consolidated financial statements, the respective Boards of Directors of the entities included in the Group are responsible for assessing the ability of the respective entities to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Boards of Directors either intend to liquidate their own respective entities or to cease operations, or have no realistic alternative but to do so The respective Boards of Directors of the entities included in the Group are also responsible for overseeing the financial reporting process of the Group. Responsibilities Condensed Consolidated Financial Auditor's for the Audit of the Interim Statements about  whether interim condensed reasonable obtain the Our objectives are to assurance consolidated financial statements as a whole are free from material misstatement; whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 341, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aedd0c8142c5b1fe"}, {"chunk_id": "c1066fb09f09d55a", "content": "to assurance consolidated financial statements as a whole are free from material misstatement; whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance guarantee that an audit conducted in accordance with high level of assurance but is not is a SAS will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be of these interim influence the economic expected decisions of users taken the basis to on condensed consolidated financial statements. As part of an audit in accordance with SAS, we exercise professional judgment and maintain professional scepticism throughout the audit: We also: Identify and assess the risks of material misstatement of the interim condensed consolidated or error, design and perform audit procedures financial statements, whether due to fraud responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control: Obtain an understanding of internal financial controls relevant to the audit in order to design are appropriate in the circumstances,", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 341, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aedd0c8142c5b1fe"}, {"chunk_id": "878e01d5c156e8b7", "content": "Obtain an understanding of internal financial controls relevant to the audit in order to design are appropriate in the circumstances, not for the purpose of audit procedures that but expressing an opinion on effectiveness of such controls. of   accounting policies and the reasonableness of the  appropriateness used Evaluate accounting estimates and related disclosures made by management: of going basis of the appropriateness of  management's Conclude the concern use on accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group to material uncertainty exists, going concern. If we conclude continue as that we are required to draw attention in our auditor's report to the related disclosures in the interim condensed consolidated financial statements or, if such disclosures are inadequate, to modify the date of our our opinion. Our conclusions are based on the audit evidence obtained up to or conditions may cause the Group to cease to auditor's report: However, future events continue as a going concern: [OCR] Deloitte Haskins & Sells LLP condensed Evaluate the overall presentation, structure and content of the interim statements,  including whether the the   disclosures, consolidated financial and interim the  underlying condensed consolidated   financial transactions and statements   represent a manner that achieves fair presentation. events in", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 341, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aedd0c8142c5b1fe"}, {"chunk_id": "aa213962d447e9ea", "content": "statements,  including whether the the   disclosures, consolidated financial and interim the  underlying condensed consolidated   financial transactions and statements   represent a manner that achieves fair presentation. events in Obtain sufficient appropriate audit evidence regarding the financial information of the entities consolidated  financial within the Group to express an opinion on the interim condensed statements. We are responsible for the direction, supervision and performance of the audit consolidated of   financial entities included statements of such in the interim condensed financial statements of which we are independent auditors_ Materiality is the magnitude of misstatements in the interim condensed consolidated financial statements that; individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the interim condensed consolidated financial statements may We consider quantitative materiality and qualitative factors in (i) planning the be influenced_ scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the interim condensed consolidated financial statements. We also communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings including any significant deficiencies in internal control that we identify during our audit.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 341, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aedd0c8142c5b1fe"}, {"chunk_id": "f62a9a89c152dc35", "content": "planned scope and timing of the audit and significant audit findings including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with them all ethical   requirements   regarding relevant independence , and to communicate with relationships and other matters that may reasonably be thought to bear on our independence, safeg and where applicable, related juards. For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm's Registration No. 117366W/W-100018) Vikas Bagaria Partner (Membership No.060408) UDIN: Place: Bengaluru Date: April 17, 2025", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 341, "section": "for the year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aedd0c8142c5b1fe"}, {"chunk_id": "77ccf5b01be04447", "content": "Indian Accounting Standards (Ind AS) for the three months and year ended March 31, 2025 Condensed Consolidated Balance Sheet …………………………………………………………………………………………………………………….. 1 Condensed Consolidated Statement of Profit and Loss ………………………………………………………………………………………………………………… 2 Condensed Consolidated Statement of Changes in Equity ……………………………………………………………………………………………………………… 3 Condensed Consolidated Statement of Cash Flows ……………………………………………………………………………………………………………………. 5 Overview and Notes to the Interim Condensed Consolidated Financial Statements 1.1 Company overview …………………………………………………………………………………………………………………….. 7 1.2 Basis of preparation of financial statements …………………………………………………………………………………………………………………… 7 1.3 Basis of consolidation …………………………………………………………………………………………………………………….. 7 1.4 Use of estimates and judgments …………………………………………………………………………………………………………………….. 7 1.5 Critical accounting estimates and judgments…………………………………………………………………………………………………………………… 7 2. Notes to the Interim Condensed Consolidated Financial Statements 2.1 Business Combinations ………………………………………………………………………………………………………………………………………… 9 2.2 Property, plant and equipment …………………………………………………………………………………………………………………….. 11 2.3 Goodwill and intangible assets…………………………………………………………………………………………………………………….. 13 2.4 Investments …………………………………………………………………………………………………………………………………………….. 14", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 343, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d81a745bb1806dea"}, {"chunk_id": "e7dabfad13954444", "content": "11 2.3 Goodwill and intangible assets…………………………………………………………………………………………………………………….. 13 2.4 Investments …………………………………………………………………………………………………………………………………………….. 14 2.5 Loans …………………………………………………………………………………………………………………………………………….. 15 2.6 Other financial assets …………………………………………………………………………………………………………………………………………… 15 2.7 Trade receivables …………………………………………………………………………………………………………………………………………….. 15 2.8 Cash and cash equivalents ……………………………………………………………………………………………………………………………………… 16 2.9 Other assets …………………………………………………………………………………………………………………………………………….. 16 2.10 Financial instruments ………………………………………………………………………………………………………………………………………… 17 2.11 Equity …………………………………………………………………………………………………………………………………………….. 21 2.12 Other financial liabilities ……………………………………………………………………………………………………………………………………… 24 2.13 Other liabilities …………………………………………………………………………………………………………………………………………….. 24 2.14 Provisions …………………………………………………………………………………………………………………………………………….. 25 2.15 Income taxes …………………………………………………………………………………………………………………………………………….. 26 2.16 Revenue from operations ……………………………………………………………………………………………………………………………………… 27 2.17 Other income, net ……………………………………………………………………………………………………………………………………………. 29 2.18 Expenses …………………………………………………………………………………………………………………………………………….. 30 2.19 Leases …………………………………………………………………………………………………………………………………………….. 31 2.20 Earnings per equity share ………………………………………………………………………………………………………………………………………", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 343, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d81a745bb1806dea"}, {"chunk_id": "ad8fb88b48c7a751", "content": "30 2.19 Leases …………………………………………………………………………………………………………………………………………….. 31 2.20 Earnings per equity share ……………………………………………………………………………………………………………………………………… 33 2.21 Contingent liabilities and commitments  ……………………………………………………………………………… 33 2.22 Related party transactions ……………………………………………………………………………………………………………………………………… 35 2.23 Segment reporting ……………………………………………………………………………………………………………………………………………. 36 2.24 Function wise classification of Condensed Consolidated Statement of Profit and Loss ……………………………………………………………………… 38 (In ₹ crore ) Condensed Consolidated Balance Sheets as at Note No. March 31, 2025 March 31, 2024 ASSETS Non-current assets Property, plant and equipment 2.2 11,778                                 12,370 Right-of-use assets 2.19 6,311                                   6,552 Capital work-in-progress 814                                      293 Goodwill 2.3 10,106                                   7,303 Other intangible assets 2,766                                   1,397 Financial assets Investments 2.4 11,059                                 11,708 Loans 2.5 16                                        34 Other financial assets 2.6 3,511                                   3,105 Deferred tax assets (net) 1,108                                      454 Income tax assets (net) 1,622                                   3,045 Other non-current assets 2.9 2,713                                   2,121 Total non-current assets", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 343, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d81a745bb1806dea"}, {"chunk_id": "d2c5b80d37acbe27", "content": "Income tax assets (net) 1,622                                   3,045 Other non-current assets 2.9 2,713                                   2,121 Total non-current assets 51,804                                 48,382 Current assets Financial assets Investments 2.4 12,482                                 12,915 Trade receivables 2.7 31,158                                 30,193 Cash and cash equivalents 2.8 24,455                                 14,786 Loans 2.5 249                                      248 Other financial assets 2.6 13,840                                 12,085 Income tax assets (net) 2,975                                   6,397 Other current assets 2.9 11,940                                 12,808 Total current assets 97,099                                 89,432 Total assets 148,903                               137,814 EQUITY AND LIABILITIES Equity 2.11 2,073                                   2,071 Other equity 93,745                                 86,045 Total equity attributable to equity holders of the Company 95,818                                 88,116 Non-controlling interests 385                                      345 Total equity 96,203                                 88,461 Liabilities Non-current liabilities Financial Liabilities Lease liabilities 2.19 5,772                                   6,400 Other financial liabilities 2.12 2,141                                   2,130 Deferred tax liabilities (net)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 343, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d81a745bb1806dea"}, {"chunk_id": "469d3945d300626c", "content": "Financial Liabilities Lease liabilities 2.19 5,772                                   6,400 Other financial liabilities 2.12 2,141                                   2,130 Deferred tax liabilities (net) 1,722                                   1,794 Other non-current liabilities 2.13 215                                      235 Total non-current liabilities 9,850                                 10,559 Current liabilities Financial Liabilities", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 343, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d81a745bb1806dea"}, {"chunk_id": "4dd1c3002d95f9d2", "content": "Lease liabilities 2.19 2,455                                   1,959 Trade payables 4,164                                   3,956 Other financial liabilities 2.12 18,138                                 16,959 Other current liabilities 2.13 11,765                                 10,539 Provisions 2.14 1,475                                   1,796 Income tax liabilities (net) 4,853                                   3,585 Total current liabilities 42,850                                 38,794 Total equity and liabilities 148,903                               137,814 The accompanying notes form an integral part of the interim condensed consolidated financial statements As per our report of even date attached for Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited Chartered Accountants Firm’s Registration No : Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director Membership No. 060408 DIN: 00041245 and Managing Director DIN: 00019437 Bengaluru Jayesh Sanghrajka A.G.S. Manikantha April 17, 2025 Chief Financial Officer Company Secretary Condensed Consolidated Statement of Profit and Loss for the (In ₹ crore, except equity share and per equity share data) Note No. Year ended March 31, Three months ended March 31, 2025 2024 2025 2024 Revenue from operations 2.16 40,925                  37,923                162,990                153,670 Other income, net 2.17", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 345, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "973ab3534c778c74"}, {"chunk_id": "5a202e2725ffab9d", "content": "Note No. Year ended March 31, Three months ended March 31, 2025 2024 2025 2024 Revenue from operations 2.16 40,925                  37,923                162,990                153,670 Other income, net 2.17 1,190                    2,729                    3,600                    4,711 Total income 42,115                  40,652                166,590                158,381 Expenses Employee benefit expenses 2.18 22,015                  20,393                  85,950                  82,620 Cost of technical sub-contractors 3,276                    2,967                  12,937                  12,232 Travel expenses 520                       471                    1,894                    1,759 Cost of software packages and others 2.18 3,899                    3,687                  15,911                  13,515 Communication expenses 147                       147                       620                       677 Consultancy and professional charges 301                       489                    1,655                    1,726 Depreciation and amortization expenses 1,299                    1,163                    4,812                    4,678 Finance cost 102                       110                       416                       470 Other expenses 2.18 893                       985                    4,787                    4,716 Total expenses 32,452                  30,412                128,982                122,393 Profit before tax", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 345, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "973ab3534c778c74"}, {"chunk_id": "ffd379c35cb8a011", "content": "Other expenses 2.18 893                       985                    4,787                    4,716 Total expenses 32,452                  30,412                128,982                122,393 Profit before tax 9,663                  10,240                  37,608                  35,988 Tax expense: Current tax 2.15 2,784                    1,173                  12,130                    8,390 Deferred tax 2.15 (159)                    1,092                  (1,272)                    1,350 Profit for the period 7,038                    7,975                  26,750                  26,248 Other comprehensive income Items that will not be reclassified subsequently to profit or loss Remeasurement of the net defined benefit liability/asset, net (145)                         26                       (92)                       120 Equity instruments through other comprehensive income, net 29                       (12)                         19                         19 (116)                         14                       (73)                       139 Items that will be reclassified subsequently to profit or loss Fair value changes on derivatives designated as cash flow hedge, net (56)                         28                       (24)                         11 384                     (231)                       357                       226 Fair value changes on investments, net", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 345, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "973ab3534c778c74"}, {"chunk_id": "6d926f8d14f9124d", "content": "(56)                         28                       (24)                         11 384                     (231)                       357                       226 Fair value changes on investments, net 63                         37                       199                       144 391                     (166)                       532                       381 Total other comprehensive income /(loss), net of tax 275                     (152)                       459                       520 Exchange differences on translation of foreign operations Total comprehensive income for the period 7,313                    7,823                  27,209                  26,768 Profit attributable to: Owners of the Company 7,033                    7,969                  26,713                  26,233 Non-controlling interests 5                           6                         37                         15 7,038                    7,975                  26,750                  26,248 Total comprehensive income attributable to: Owners of the Company 7,304                    7,821                  27,167                  26,754 Non-controlling interests 9                           2                         42                         14 7,313                    7,823                  27,209                  26,768 Earnings per equity share Equity shares of par value ₹5/- each", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 345, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "973ab3534c778c74"}, {"chunk_id": "84826cafe577a9fc", "content": "7,313                    7,823                  27,209                  26,768 Earnings per equity share Equity shares of par value ₹5/- each Weighted average equity shares used in computing earnings per equity share Basic (₹) 16.98                    19.25                    64.50                    63.39 Diluted (₹) 16.94                    19.22                    64.34                    63.29 Basic (in shares) 2.20 4,142,429,577      4,139,432,133      4,141,611,738      4,138,568,090 Diluted (in shares) 2.20 4,151,537,321      4,145,052,370      4,152,051,184      4,144,680,425 The accompanying notes form an integral part of the interim condensed consolidated financial statements As per our report of even date attached for Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited Chartered Accountants Firm’s Registration No : Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director Membership No. 060408 DIN: 00041245 and Managing Director DIN: 00019437 Bengaluru Jayesh Sanghrajka A.G.S. Manikantha April 17, 2025 Chief Financial Officer Company Secretary INFOSYS LIMITED AND SUBSIDIARIES Condensed Consolidated Statement of Changes in Equity (In ₹ crore) Particulars OTHER EQUITY Reserves & Surplus Share Options Outstanding", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 345, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "973ab3534c778c74"}, {"chunk_id": "e6e6203e6728efd0", "content": "Equity instruments through other comprehensive Other comprehensive income Exchange differences on translating the Effective portion of Cash Flow Total equity attributable to equity holders of financial statements of a foreign operation Balance as at  April 1, 2023 2,069                54              169             166        58,957          1,054                878        10,014               19 247                     2,325                     (5)                   (540)          75,407               388          75,795 Changes in equity for the year ended March 31, 2024 Profit for the period —                —                —               —        26,233               —                  —               —               — —                          —                    —                      —          26,233                 15          26,248 Remeasurement of the net defined benefit liability/asset, net* —                —                —               —               —               —                  —               —               — —                          —                    —                    120               120                 —               120 Equity instruments through other comprehensive income, net* —                —                —               —               —               —                  —               —               —", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 345, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cb1e8108e83209cf"}, {"chunk_id": "d7008dab0551e50a", "content": "Equity instruments through other comprehensive income, net* —                —                —               —               —               —                  —               —               — 19                          —                    —                      —                 19                 —                 19 Fair value changes on derivatives designated as cash flow hedge, net* —                —                —               —               —               —                  —               —               — —                          —                    11                      —                 11                 —                 11 Exchange differences on translation of foreign operations —                —                —               —               —               —                  —               —               — —                        227                    —                      —               227                 (1)               226 Fair value changes on investments, net* —                —                —               —               —               —                  —               —               — —                          —                    —                    144               144                 —               144 Total Comprehensive income for the period", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 345, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cb1e8108e83209cf"}, {"chunk_id": "6a4d70b1815c15c6", "content": "—                          —                    —                    144               144                 —               144 Total Comprehensive income for the period —                —                —               —        26,233               —                  —               —               — 19                        227                    11                    264          26,754                 14          26,768 Shares issued on exercise of employee stock options (Refer to Note 2.11) 2                —                —                 3               —               —                  —               —               — —                          —                    —                      —                   5                 —                   5 Employee stock compensation expense (Refer to Note 2.11) —                —                —               —               —               —                639               —               — —                          —                    —                      —               639                 —               639 Transferred on account of exercise of stock options (Refer to note 2.11) —                —                —             447               —               —              (447)               —               — —                          —                    —                      —                 —                 —                 —", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 345, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cb1e8108e83209cf"}, {"chunk_id": "40443d6fde4cc99e", "content": "—                          —                    —                      —                 —                 —                 — Transferred on account of options not exercised —                —                —               —               —             160              (160)               —               — —                          —                    —                      —                 —                 —                 — Income tax benefit arising on exercise of stock options —                —                —               —               —               —                    3               —               — —                          —                    —                      —                   3                 —                   3 Transfer to legal reserve —                —                —               —               (3)               —                  —               —                 3 —                          —                    —                      —                 — — Dividends (1) —                —                —               —      (14,692)               —                  —               —               — —                          —                    —                      —        (14,692)                 —        (14,692) Dividends paid to non controlling interest of subsidiary", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 345, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cb1e8108e83209cf"}, {"chunk_id": "b3d2ad0c43992798", "content": "—                          —                    —                      —        (14,692)                 —        (14,692) Dividends paid to non controlling interest of subsidiary —                —                —               —               —               —                  —               —               — —                          —                    —                      —                 —               (39)               (39) Buyback of shares pertaining to non controlling interest of subsidiary —                —                —               —               —               —                  —               —               — —                          —                    —                      —                 —               (18)               (18) Transferred to Special Economic Zone Re-investment reserve —                —                —               —        (2,957)               —                  —          2,957               — —                          —                    —                      —                 —                 —                 — Transferred from Special Economic Zone Re-investment reserve on utilization —                —                —               —             867               —                  —           (867)               —", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 345, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cb1e8108e83209cf"}, {"chunk_id": "e88d119f4ac9a7be", "content": "Balance as at March 31, 2024 2,071                54              169             616        68,405          1,214                913        12,104               22 266                     2,552                      6                   (276)          88,116               345          88,461 Condensed Consolidated Statement of Changes in Equity (contd.) Other comprehensive income Total equity attributable Share Options Outstanding Equity instruments through other comprehensive Exchange differences on translating the Effective portion of Cash Flow to equity holders of financial statements of a foreign operation Balance as at April 1, 2024 2,071                54              169             616        68,405          1,214                913        12,104               22 266                     2,552                      6                   (276)          88,116               345          88,461 Changes in equity for the year ended March 31, 2025 Profit for the period —                —                —               —        26,713               —                  —               —               — —                          —                    —                      —          26,713                 37          26,750 Remeasurement of the net defined benefit liability/asset, net* —                —                —               —               —               —                  —               —               —", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 346, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fae1d8cc2e5ee881"}, {"chunk_id": "240080afd0233366", "content": "Remeasurement of the net defined benefit liability/asset, net* —                —                —               —               —               —                  —               —               — —                          —                    —                     (92)               (92)                 —               (92) Equity instruments through other comprehensive income, net* —                —                —               —               —               —                  —               —               — 19                          —                    —                      —                 19                 —                 19 Fair value changes on derivatives designated as cash flow hedge, net* —                —                —               —               —               —                  —               —               — —                          —                   (24) —               (24)                 —               (24) Exchange differences on translation of foreign operations —                —                —               —               —               —                  —               —               — —                        352                    —                      —               352                   5               357 Fair value changes on investments, net*", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 346, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fae1d8cc2e5ee881"}, {"chunk_id": "ed9a8c7d1668303b", "content": "—                        352                    —                      —               352                   5               357 Fair value changes on investments, net* —                —                —               —               —               —                  —               —               — —                          —                    —                    199               199                 —               199 Total Comprehensive income for the period —                —                —               —        26,713               —                  —               —               — 19                        352                   (24) 107          27,167                 42          27,209 Shares issued on exercise of employee stock options (Refer to Note 2.11) 2                —                —                 4               —               —                  —               —               — —                          —                    —                      —                   6                 —                   6 Employee stock compensation expense (Refer to Note 2.11) —                —                —               —               —               —                785               —               — —                          —                    —                      —               785                 —               785", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 346, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fae1d8cc2e5ee881"}, {"chunk_id": "3ef4067f8734aeb7", "content": "—                          —                    —                      —               785                 —               785 Transferred on account of exercise of stock options (Refer to Note 2.11) —                —                —             471               —               —              (471)               —               — —                          —                    —                      —                 —                 —                 — Transferred on account of options not exercised —                —                —               —               —             198              (198)               —               — —                          —                    —                      —                 —                 —                 — Income tax benefit arising on exercise of stock options —                —                —               —               —               —                  39               —               — —                          —                    —                      —                 39                 —                 39 Transfer to legal reserve —                —                —               —               (2)               —                  —               —                 2 —                          —                    —                      —                 —                 —                 — Dividends (1)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 346, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fae1d8cc2e5ee881"}, {"chunk_id": "55253d5444506ce9", "content": "—                          —                    —                      —                 —                 —                 — Dividends (1) —                —                —               —      (20,295)               —                  —               —               — —                          —                    —                      —        (20,295)                 —        (20,295) Dividends paid to non controlling interest of subsidiary —                —                —               —               —               —                  —               —               — —                          —                    —                      —                 —                 (2)                 (2) Transferred to Special Economic Zone Re-investment reserve —                —                —               —             (74)               —                  —               74               — —                          —                    —                      —                 —                 —                 — Transferred from Special Economic Zone Re-investment reserve to retained earnings —                —                —               —          2,999               —                  —        (2,999)               — —                          —                    —                      —                 —                 —                 —", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 346, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fae1d8cc2e5ee881"}, {"chunk_id": "d88dce3a3720d31e", "content": "Transferred from Special Economic Zone Re-investment reserve on utilization —                —                —               —             881               —                  —           (881)               — —                          —                    —                      —                 —                 —                 — Balance as at March 31, 2025 2,073                54              169          1,091        78,627          1,412             1,068          8,298               24 285                     2,904                   (18)                   (169)          95,818               385          96,203 (1) Net of treasury shares (2)The Special Economic Zone Re-investment Reserve has been created out of the profit of eligible SEZ units in terms of the provisions of Sec 10AA(1)(ii) of Income Tax Act, 1961. The reserve should be utilized by the Group for acquiring new plant and machinery for the purpose of its business in the terms of the Sec 10AA(2) of the Income Tax Act, 1961. (3)Under the Swiss Code of Obligation, few subsidiaries of Infosys Consulting are required to appropriate a certain percentage of the annual profit to legal reserve which may be used only to cover losses or for measures designed to sustain the Company through difficult times, to prevent unemployment or to mitigate its consequences.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 347, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3a5f58114c5bcb0a"}, {"chunk_id": "6df5ea0028a5c2d3", "content": "its consequences. The accompanying notes form an integral part of the interim condensed consolidated financial statements. As per our report of even date attached for Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited Chartered Accountants Firm’s Registration No : Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director Membership No. 060408 DIN: 00041245 and Managing Director DIN: 00019437 DIN: 01876159 Bengaluru Jayesh Sanghrajka A.G.S. Manikantha April 17, 2025 Chief Financial Officer Company Secretary Membership No. A21918 INFOSYS LIMITED AND SUBSIDIARIES Condensed Consolidated Statement of Cash Flows Cash flows are reported using the indirect method, whereby profit for the period is adjusted for the effects of transactions of a non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments and item of income or expenses associated with investing or financing cash flows. The cash flows from operating, investing and financing activities of the Group are segregated. The Group considers all highly liquid investments that are readily convertible to known amounts of cash to be cash equivalents. (In ₹ crore) Particulars Note No. 2025 2024 Cash flow from operating activities Profit for the period 26,750                                    26,248 Adjustments to reconcile net profit to net cash provided by operating activities: Income tax expense 2.15", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 347, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3a5f58114c5bcb0a"}, {"chunk_id": "7b1888a3f5da7b0b", "content": "2024 Cash flow from operating activities Profit for the period 26,750                                    26,248 Adjustments to reconcile net profit to net cash provided by operating activities: Income tax expense 2.15 10,858                                      9,740 Depreciation and amortization 4,812                                      4,678 Finance cost 416                                         470 Interest and dividend income (2,570)                                    (2,067) Impairment loss recognized / (reversed) under expected credit loss model 48                                         121 Exchange differences on translation of assets and liabilities, net 79                                           76 Stock compensation expense 802                                         652 Interest receivable on income tax refund (327)                                    (1,934) Provision for post sale client support (110)                                           75 Other adjustments 833                                      1,464 Changes in assets and liabilities Trade receivables and unbilled revenue (1,769)                                    (2,667) Loans, other financial assets and other assets (1,024)                                    (1,172) Trade payables 176                                           91 Cash generated from operations 41,296                                    34,441 Other financial liabilities, other liabilities and provisions", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 347, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3a5f58114c5bcb0a"}, {"chunk_id": "385f1b5a840a5d69", "content": "Trade payables 176                                           91 Cash generated from operations 41,296                                    34,441 Other financial liabilities, other liabilities and provisions 2,322                                    (1,334) Income taxes paid (5,602)                                    (9,231) Net cash generated by operating activities 35,694                                    25,210 Cash flows from investing activities Deposits placed with corporation (1,225)                                       (847) Expenditure on property, plant and equipment and intangibles (2,237)                                    (2,201) Redemption of deposits placed with Corporation 776                                         710 Interest and dividend received 2,040                                      1,768 2.1 (3,155)                                           — Payment of contingent consideration pertaining to acquisition of business —                                       (101) Other receipts 10                                         128 Payment towards acquisition of business, net of cash acquired Payments to acquire Investments Tax free bonds and government bonds (2)                                           — Liquid mutual fund units (73,048)                                  (66,191) Certificates of deposit (6,978)                                    (8,509) Commercial Papers (6,403)                                  (10,387) Non-convertible debentures", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 347, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3a5f58114c5bcb0a"}, {"chunk_id": "8aa1d920b975c84e", "content": "Certificates of deposit (6,978)                                    (8,509) Commercial Papers (6,403)                                  (10,387) Non-convertible debentures (3,240)                                    (1,526) Other Investments (60)                                         (14) Proceeds on sale of Investments Tax free bonds and government bonds 109                                         150 Liquid mutual funds units 73,987                                    64,767 Certificates of deposit 6,688                                      9,205 Commercial Papers 7,735                                      6,479 Non-convertible debentures 2,591                                      1,230", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 347, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3a5f58114c5bcb0a"}, {"chunk_id": "ecc79b9d4521e688", "content": "Government securities 455                                         304 Equity and preference securities —                                           26 Others 11                                           — Net cash generated / (used in) from investing activities (1,946)                                    (5,009) Cash flows from financing activities Payment of lease liabilities (2,355)                                    (2,024) Payment of dividends (20,287)                                  (14,692) Loan repayment of in-tech Holding GmbH (Refer to Note 2.1) (985)                                           — Payment of dividend to non-controlling interest of subsidiary (2)                                         (39) Payment towards buyback of shares pertaining to non controlling interest of subsidiary —                                         (18) Shares issued on exercise of employee stock options 6                                             5 Other payments (538)                                       (736) Net cash used in financing activities (24,161)                                  (17,504) Net increase / (decrease) in cash and cash equivalents 9,587                                      2,697 Effect of exchange rate changes on cash and cash equivalents 82                                         (84) Cash and cash equivalents at the beginning of the period 2.8 14,786                                    12,173", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 349, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a7afd4e342205bcf"}, {"chunk_id": "3b98e97da48bf8e0", "content": "82                                         (84) Cash and cash equivalents at the beginning of the period 2.8 14,786                                    12,173 Cash and cash equivalents at the end of the period 2.8 24,455                                    14,786 Supplementary information: Restricted cash balance 2.8 424                                         348 The accompanying notes form an integral part of the interim condensed consolidated financial statements As per our report of even date attached for Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited Chartered Accountants Firm’s Registration No : 117366W/ W-100018 Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director Membership No. 060408 DIN: 00041245 and Managing Director DIN: 00019437 Bengaluru Jayesh Sanghrajka A.G.S. Manikantha April 17, 2025 Chief Financial Officer Company Secretary Membership No. A21918 INFOSYS LIMITED AND SUBSIDIARIES Overview and notes to the Interim Condensed Consolidated Financial Statements Infosys Limited ('the Company' or Infosys) provides consulting, technology, outsourcing and next-generation digital services, to enable clients to execute strategies for their digital transformation. Infosys strategic objective is to build a sustainable organization that remains relevant to the agenda of clients, while creating growth opportunities for employees and generating profitable returns for investors.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 349, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a7afd4e342205bcf"}, {"chunk_id": "f71e7ca27363f557", "content": "creating growth opportunities for employees and generating profitable returns for investors. Infosys strategy is to be a navigator for our clients as they ideate, plan and execute on their journey to a digital future. Infosys together with its subsidiaries and controlled trusts is hereinafter referred to as the \"Group\". The Company is a public limited company incorporated and domiciled in India and has its registered office at Electronics city, Hosur Road, Bengaluru 560100, Karnataka, India. The Company has its primary listings on the BSE Ltd. and National Stock Exchange of India Limited. The Company’s American Depositary Shares (ADS) representing equity shares are listed on the New York Stock Exchange (NYSE). The Group's interim condensed consolidated financial statements are approved for issue by the Company's Board of Directors on April 17, 2025. 1.2 Basis of preparation of financial statements These interim condensed consolidated financial statements are prepared in compliance with Indian Accounting Standard (Ind AS) 34 Interim Financial Reporting , under the historical cost convention on accrual basis except for certain financial instruments which are measured at fair values and defined benefit liability/(asset) which is recognised at the present value of defined benefit obligation less fair value of plan assets, the provisions of the Companies Act, 2013", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 349, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a7afd4e342205bcf"}, {"chunk_id": "f00cfaa3d54ce54d", "content": "liability/(asset) which is recognised at the present value of defined benefit obligation less fair value of plan assets, the provisions of the Companies Act, 2013 ('the Act') and guidelines issued by the Securities and Exchange Board of India (SEBI). Accordingly, these interim condensed consolidated financial statements do not include all the information required for a complete set of financial statements. These interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes included in the Company’s Annual Report for the year ended March 31, 2024. The Ind AS are prescribed under Section 133 of the Act read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules issued thereafter. Accounting policies have been consistently applied except where a newly issued accounting standard is initially adopted or a revision to an existing accounting standard requires a change in the accounting policy hitherto in use. The material accounting policy information used in preparation of the audited interim condensed consolidated financial statements have been discussed in the respective notes. As the quarter and year-to-date figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 349, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a7afd4e342205bcf"}, {"chunk_id": "dcb97be9447a6020", "content": "As the quarter and year-to-date figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures reported for the previous quarters might not always add up to the year-to-date figures reported in this statement. 1.3 Basis of consolidation Infosys consolidates entities which it owns or controls. The interim condensed consolidated financial statements comprise the financial statements of the Company, its controlled trusts and its subsidiaries. Control exists when the parent has power over the entity, is exposed, or has rights to variable returns from its involvement with the entity and has the ability to affect those returns by using its power over the entity. Power is demonstrated through existing rights that give the ability to direct relevant activities, those which significantly affect the entity's returns. Subsidiaries are consolidated from the date control commences until the date control ceases. The financial statements of the Group companies are consolidated on a line-by-line basis and intra-group balances and transactions including unrealized gain / loss from such transactions are eliminated upon consolidation. These financial statements are prepared by applying uniform accounting policies in use at the Group.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 349, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a7afd4e342205bcf"}, {"chunk_id": "74051774c7bfcad4", "content": "/ loss from such transactions are eliminated upon consolidation. These financial statements are prepared by applying uniform accounting policies in use at the Group. Non-controlling interests which represent part of the net profit or loss and net assets of subsidiaries that are not, directly or indirectly, owned or controlled by the Company, are excluded. 1.4 Use of estimates and judgments", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 349, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a7afd4e342205bcf"}, {"chunk_id": "ebb61f7ecb102ab0", "content": "The preparation of the interim condensed consolidated financial statements in conformity with Ind AS requires the Management to make estimates, judgments and assumptions. These estimates, judgments and assumptions affect the application of accounting policies and the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the interim condensed consolidated financial statements and reported amounts of revenues and expenses during the period. The application of accounting policies that require critical accounting estimates involving complex and subjective judgments and the use of assumptions in these financial statements have been disclosed in Note no. 1.5 . Accounting estimates could change from period to period. Actual results could differ from those estimates. Appropriate changes in estimates are made as Management becomes aware of changes in circumstances surrounding the estimates. Changes in estimates and judgements are reflected in the interim condensed consolidated financial statements in the period in which changes are made and, if material, their effects are disclosed in the notes to the interim condensed consolidated financial statements. 1.5 Critical accounting estimates and judgments a. Revenue recognition The Group’s contracts with customers include promises to transfer multiple products and services to a customer. Revenues from customer contracts are", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 350, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5939ebf71fe8eed0"}, {"chunk_id": "8e73813101d88783", "content": "a. Revenue recognition The Group’s contracts with customers include promises to transfer multiple products and services to a customer. Revenues from customer contracts are considered for recognition and measurement when the contract has been approved, in writing, by the parties to the contract, the parties to contract are committed to perform their respective obligations under the contract, and the contract is legally enforceable. The Group assesses the services promised in a contract and identifies distinct performance obligations in the contract. Identification of distinct performance obligations to determine the deliverables and the ability of the customer to benefit independently from such deliverables, and allocation of transaction price to these distinct performance obligations involves significant judgment. Fixed price maintenance revenue is recognized ratably on a straight-line basis when services are performed through an indefinite number of repetitive acts over a specified period. Revenue from fixed price maintenance contract is recognized ratably using a percentage of completion method when the pattern of benefits from the services rendered to the customer and the Group’s costs to fulfil the contract is not even through the period of the contract because the services are generally discrete in nature and not repetitive.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 350, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5939ebf71fe8eed0"}, {"chunk_id": "9e289d3c62e7f9bf", "content": "services are generally discrete in nature and not repetitive. The use of method to recognize the maintenance revenues requires judgment and is based on the promises in the contract and nature of the deliverables. The Group uses the percentage-of-completion method in accounting for other fixed-price contracts. Use of the percentage-of-completion method requires the Group to determine the actual efforts or costs expended to date as a proportion of the estimated total efforts or costs to be incurred. Efforts or costs expended have been used to measure progress towards completion as there is a direct relationship between input and productivity. The estimation of total efforts or costs involves significant judgment and is assessed throughout the period of the contract to reflect any changes based on the latest available information. Contracts with customers includes subcontractor services or third-party vendor equipment or software in certain integrated services arrangements. In these types of arrangements, revenue from sales of third-party vendor products or services is recorded net of costs when the Group is acting as an agent between the customer and the vendor, and gross when the Group is the principal for the transaction. In doing so, the Group first evaluates whether it obtains control of the specified goods or services before they are transferred to the customer.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 350, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5939ebf71fe8eed0"}, {"chunk_id": "f09b34bbe3b2cca9", "content": "In doing so, the Group first evaluates whether it obtains control of the specified goods or services before they are transferred to the customer. The Group considers whether it is primarily responsible for fulfilling the promise to provide the specified goods or services, inventory risk, pricing discretion and other factors to determine whether it controls the specified goods or services and therefore, is acting as a principal or an agent. Provisions for estimated losses, if any, on incomplete contracts are recorded in the period in which such losses become probable based on the estimated efforts or costs to complete the contract. The Group's two major tax jurisdictions are India and the United States, though the Company also files tax returns in other overseas jurisdictions. Significant judgments are involved in determining the provision for income taxes, including amount expected to be paid / recovered for uncertain tax positions. In assessing the realizability of deferred income tax assets, the Management considers whether some portion or all of the deferred income tax assets will not be realized. The ultimate realization of deferred income tax assets is dependent upon the generation of future taxable income during the periods in which the temporary differences become deductible. Management considers the scheduled reversals of deferred income tax liabilities, projected future taxable income", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 350, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5939ebf71fe8eed0"}, {"chunk_id": "488617b0e809c8d5", "content": "temporary differences become deductible. Management considers the scheduled reversals of deferred income tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based on the level of historical taxable income and projections for future taxable income over the periods in which the deferred income tax assets are deductible, the Management believes that the Group will realize the benefits of those deductible differences. The amount of the deferred income tax assets considered realizable, however, could be reduced in the near term if estimates of future taxable income during the carry forward period are reduced (Refer to Notes 2.15). c. Business combinations and intangible assets Business combinations are accounted for using Ind AS 103, Business Combinations. Ind AS 103 requires us to fair value identifiable intangible assets and contingent consideration to ascertain the net fair value of identifiable assets, liabilities and contingent liabilities of the acquiree. These valuations are conducted by external valuation experts. Estimates are required to be made in determining the value of contingent consideration, value of option arrangements and intangible assets. These measurements are based on information available at the acquisition date and are based on expectations and assumptions that have been deemed reasonable by the Management (Refer to Note 2.1 and 2.3.2) . d.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 350, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5939ebf71fe8eed0"}, {"chunk_id": "f7f694fbd8315f1f", "content": "assumptions that have been deemed reasonable by the Management (Refer to Note 2.1 and 2.3.2) . d. Property, plant and equipment Property, plant and equipment represent a significant proportion of the asset base of the Group. The charge in respect of periodic depreciation is derived after determining an estimate of an asset’s expected useful life and the expected residual value at the end of its life. The useful lives and residual values of Group's assets are determined by the Management at the time the asset is acquired and reviewed periodically, including at each financial year end. The lives are based on historical experience with similar assets as well as anticipation of future events, which may impact their life, such as changes in technology (Refer to Note 2.2). e. Impairment of Goodwill", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 350, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5939ebf71fe8eed0"}, {"chunk_id": "39e60f78d98df537", "content": "Goodwill is tested for impairment on an annual basis and whenever there is an indication that the recoverable amount of a cash generating unit (CGUs) is less than its carrying amount. For the impairment test, goodwill is allocated to the CGU or groups of CGUs which benefit from the synergies of the acquisition and which represent the lowest level at which goodwill is monitored for internal management purposes. The recoverable amount of CGUs is determined based on higher of value-in-use and fair value less cost to sell. Key assumptions in the cash flow projections are prepared based on current economic conditions and comprises estimated long term growth rates, weighted average cost of capital and estimated operating margins (Refer to note 2.3). 2. Notes to the Interim Condensed Consolidated Financial Statements 2.1  BUSINESS COMBINATIONS Business combinations have been accounted for using the acquisition method under the provisions of Ind AS 103, Business Combinations. The purchase price in an acquisition is measured at the fair value of the assets transferred, equity instruments issued and liabilities incurred or assumed at the date of acquisition, which is the date on which control is transferred to the Group. The purchase price also includes the fair value of any contingent consideration.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 352, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "162b1735944f1440"}, {"chunk_id": "86c879ef7caf1e3c", "content": "date of acquisition, which is the date on which control is transferred to the Group. The purchase price also includes the fair value of any contingent consideration. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair value on the date of acquisition. Contingent consideration is remeasured at fair value at each reporting date and changes in the fair value of the contingent consideration are recognized in the interim condensed Consolidated Statement of Profit and Loss. The interest of non-controlling shareholders is initially measured either at fair value or at the non-controlling interests’ proportionate share of the acquiree’s identifiable net assets. The choice of measurement basis is made on an acquisition-by-acquisition basis. Subsequent to acquisition, the carrying amount of non- controlling interests is the amount of those interests at initial recognition plus the non-controlling interests’ share of subsequent changes in equity of subsidiaries. Business combinations between entities under common control is accounted for at carrying value of the assets acquired and liabilities assumed in the Group's consolidated financial statements. The payments related to options issued by the Group over the non-controlling interests in its subsidiaries are accounted as financial liabilities and initially", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 352, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "162b1735944f1440"}, {"chunk_id": "d4ce7d39e28c75f4", "content": "consolidated financial statements. The payments related to options issued by the Group over the non-controlling interests in its subsidiaries are accounted as financial liabilities and initially recognized at the estimated present value of gross obligations. Such options are subsequently measured at fair value in order to reflect the amount payable under the option at the date at which it becomes exercisable. In the event that the option expires unexercised, the liability is derecognized. On May 10, 2024, Infosys Ltd acquired 100% voting interests in InSemi Technology Services Private Limited, a semiconductor design services company headquartered in India. This acquisition is expected to strengthen our expertise in semiconductor ecosystem and Engineering R&D services. (In ₹ crore) Component Acquiree's carrying amount The purchase price is allocated to assets acquired and liabilities assumed based upon determination of fair values at the date of acquisition as follows: Fair value adjustments Net Assets(1) 40 - 40 Intangible assets: Customer related# - 60 60 Brand # - 13 13 Deferred tax liabilities on intangible assets - (18) (18) Total 95 Goodwill 103 Total purchase price 198 (1)Includes cash and cash equivalents acquired of ₹ 41 crore. # The estimated useful life is around 1 year to 5 years The excess of the purchase consideration paid over the fair value of assets acquired has been attributed to goodwill.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 352, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "162b1735944f1440"}, {"chunk_id": "affe579053ab1dad", "content": "# The estimated useful life is around 1 year to 5 years The excess of the purchase consideration paid over the fair value of assets acquired has been attributed to goodwill. The primary items that generated this goodwill are the value of the acquired assembled workforce and estimated synergies, neither of which qualify as an intangible asset. Goodwill is not tax-deductible. The purchase consideration of ₹198 crore includes cash of ₹168 crore and contingent consideration with an estimated fair value of ₹30 crore as on the date of acquisition. At the acquisition date, the key inputs used in determination of the fair value of contingent consideration are the probabilities assigned towards achievement of financial targets and discount rate of 5.9%. The undiscounted value of contingent consideration as of March 31, 2025 was ₹33 crore. Additionally, this acquisition has retention bonus and management incentive payable to the employees of the acquiree over three years, subject to their continuous employment with the Group and achievement of financial targets for the respective years. Bonus and incentives are recognized in employee benefit expenses in the Statement of Profit and loss over the period of service. Fair value of trade receivables acquired is ₹32 crore as of acquisition date and as of March 31, 2025 the amounts are substantially collected.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 352, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "162b1735944f1440"}, {"chunk_id": "0c00bce887c614b5", "content": "Fair value of trade receivables acquired is ₹32 crore as of acquisition date and as of March 31, 2025 the amounts are substantially collected. Transaction costs that the Group incurs in connection with a business combination such as finder’s fees, legal fees, due diligence fees, and other professional and consulting fees are expensed as incurred. The transaction costs of ₹2 crore related to the acquisition have been included under administrative expenses in the Consolidated Statement of Profit and loss for the three months ended June 30, 2024. On July 17, 2024, Infosys Germany GmbH wholly owned step down subsidiary of Infosys Limited acquired 100% voting interests in in-tech Holding GmbH, a leading provider of engineering R&D services headquartered in Germany. This acquisition is expected to strengthen Infosys’ engineering R&D capabilities and reaffirms its continued commitment to global clients to navigate their digital engineering journey. The purchase price is allocated to assets acquired and liabilities assumed based upon determination of fair values at the date of acquisition as follows: (In ₹ crore) Component Acquiree's carrying amount Fair value adjustments Assets(1) 731 - 731 Liabilities (364) - (364) Customer related# - 1,720 1,720 Brand# - 147 147 Deferred tax liabilities on intangible assets - (511) (511) Goodwill - - 2,490 Loan (985) (985) Total purchase price 3,228 Total cash outflow 4,213", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 352, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "162b1735944f1440"}, {"chunk_id": "f0d29f626435a08d", "content": "731 Liabilities (364) - (364) Customer related# - 1,720 1,720 Brand# - 147 147 Deferred tax liabilities on intangible assets - (511) (511) Goodwill - - 2,490 Loan (985) (985) Total purchase price 3,228 Total cash outflow 4,213 #The estimated useful life is around 6 years to 10 years (1)Includes cash and cash equivalents acquired of ₹197 crore. The excess of the purchase consideration paid over the fair value of assets acquired has been attributed to goodwill. The primary items that generated this goodwill are the value of the acquired assembled workforce and estimated synergies, neither of which qualify as an intangible asset. Goodwill is not tax-deductible.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 352, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "162b1735944f1440"}, {"chunk_id": "f5a59645b9be1659", "content": "The total purchase consideration of EUR 356 million (₹3,228 crore) comprises the cash consideration paid to selling shareholders at the acquisition date. Additionally, this acquisition has retention bonus and management incentive payable to the employees of the acquiree over two to five years, subject to their continuous employment with the Group and achievement of financial targets for the respective years. Bonus and incentives are recognized in employee benefit expenses in the Consolidated Statement of Profit and loss over the period of service. Fair value of trade receivables acquired is ₹139 crore as of acquisition date and as of March 31, 2025 the amounts are substantially collected. Transaction costs that the Group incurs in connection with a business combination such as finder’s fees, legal fees, due diligence fees, and other professional and consulting fees are expensed as incurred. The transaction costs of ₹4 crore related to the acquisition have been included under administrative expenses in the Consolidated Statement of Profit and loss for the quarter ended September 30, 2024. Proposed acquisitions On April 17, 2025, Infosys Singapore Pte Ltd., a wholly-owned step down subsidiary of Infosys Limited, entered into a definitive agreement to acquire 100%", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 353, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f65137c35ab0ffbc"}, {"chunk_id": "790f64b394b8dc2a", "content": "Proposed acquisitions On April 17, 2025, Infosys Singapore Pte Ltd., a wholly-owned step down subsidiary of Infosys Limited, entered into a definitive agreement to acquire 100% of the equity share capital of The Missing Link, a leading Cybersecurity service provider headquartered in Australia, for a consideration including earn-outs amounting up to AUD 98 million (approximately ₹527 crore) , excluding management incentives, and retention bonus, subject to customary closing adjustments. On April 17, 2025, Infosys Nova Holdings LLC, a wholly-owned step down subsidiary of Infosys Limited, entered into a definitive agreement to acquire 100% of the partnership interests of MRE Consulting Ltd, a leading Energy Consulting company, headquartered in USA, for a consideration including earn-outs amounting up to $36 million (approximately ₹308 crore) , excluding management incentives, and retention bonus , subject to customary closing adjustments. To consummate this transaction, Infosys Nova Holdings LLC has simultaneously incorporated an entity Infosys Energy Consulting Services LLC. Property, plant and equipment are stated at cost, less accumulated depreciation and impairment, if any. Costs directly attributable to acquisition are capitalized until the property, plant and equipment are ready for use, as intended by the Management.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 353, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f65137c35ab0ffbc"}, {"chunk_id": "fb83852c2780791f", "content": "Costs directly attributable to acquisition are capitalized until the property, plant and equipment are ready for use, as intended by the Management. The charge in respect of periodic depreciation is derived at after determining an estimate of an asset’s expected useful life and the expected residual value at the end of its life. The Group depreciates property, plant and equipment over their estimated useful lives using the straight-line method. The estimated useful lives of assets are as follows: Buildings (1) 22-25 years Plant and machinery (1)(2) 5 years Office equipment 5 years Computer equipment (1) 3-5 years Furniture and fixtures (1) 5 years Vehicles(1) 5 years Leasehold improvements Lower of useful life of the asset or lease term (1)Based on technical evaluation, the Management believes that the useful lives as given above best represent the period over which the Management expects to use these assets. Hence, the useful lives for these assets is different from the useful lives as prescribed under Part C of Schedule II of the Companies Act 2013 (2) Includes Solar plant with a useful life of 25 years Depreciation methods, useful lives and residual values are reviewed periodically, including at each financial year end. The useful lives are based on historical experience with similar assets as well as anticipation of future events, which may impact their life, such as changes in technology.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 353, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f65137c35ab0ffbc"}, {"chunk_id": "b0889f647fff1e21", "content": "The useful lives are based on historical experience with similar assets as well as anticipation of future events, which may impact their life, such as changes in technology. Advances paid towards the acquisition of property, plant and equipment outstanding at each Balance Sheet date is classified as capital advances under other non-current assets and the cost of assets not ready to use before such date are disclosed under ‘Capital work-in-progress’. Subsequent expenditures relating to property, plant and equipment is capitalized only when it is probable that future economic benefits associated with these will flow to the Group and the cost of the item can be measured reliably. The cost and related accumulated depreciation are eliminated from the financial statements upon sale or retirement of the asset. Property, plant and equipment are evaluated for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value less cost to sell and the value-in-use) is determined on an individual asset basis unless the asset does not generate cash flows that are largely independent of those from other assets. In such cases, the recoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 353, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f65137c35ab0ffbc"}, {"chunk_id": "074bc6c07a68afc8", "content": "flows that are largely independent of those from other assets. In such cases, the recoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs. If such assets are considered to be impaired, the impairment to be recognized in the Consolidated Statement of Profit and Loss is measured by the amount by which the carrying value of the assets exceeds the estimated recoverable amount of the asset. An impairment loss is reversed in the Consolidated Statement of Profit and Loss if there has been a change in the estimates used to determine the recoverable amount. The carrying amount of the asset is increased to its revised recoverable amount, provided that this amount does not exceed the carrying amount that would have been determined (net of any accumulated depreciation) had no impairment loss been recognized for the asset in prior years. The changes in the carrying value of property, plant and equipment for the three months ended March 31, 2025 are as follows: (In ₹ crore) Particulars Land - Freehold Furniture and fixtures Leasehold Improvements Gross carrying value as at January 1, 2025 1,432        11,716            3,459           1,608          8,734            2,371                1,451                           48                    30,819 Additions", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 353, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f65137c35ab0ffbc"}, {"chunk_id": "87aae3cfaf1af414", "content": "1,432        11,716            3,459           1,608          8,734            2,371                1,451                           48                    30,819 Additions 47                  5                 11                31             697                 12                     40                           —                         843 Additions on Business Combinations (Refer to note 2.1) —                —                 —                —               —                 —                     —                           —                           — Deletions** —                (6)                 (9)              (13)           (140)               (46)                 (189)                           —                       (403) Translation difference —                  6                 —                  2               15                   3                       5                           —                           31 Gross carrying value as at March 31, 2025 1,479        11,721            3,461           1,628          9,306            2,340                1,307                           48                    31,290", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 353, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f65137c35ab0ffbc"}, {"chunk_id": "f6743e5fff7a7c2b", "content": "Accumulated depreciation as at January 1, 2025 —         (5,247)          (2,774)         (1,319)        (6,846)          (1,930)              (1,171)                         (43)                  (19,330) Depreciation —            (109)               (47)              (30)           (292)               (41)                   (30)                           —                       (549) Accumulated depreciation on deletions** —                  1                   9                13             133                 44                   187                           —                         387 Translation difference —                (3)                 (1)                (1)               (8)                 (2)                     (5)                           —                          (20) Accumulated depreciation as at March 31, 2025 —         (5,358)          (2,813)         (1,337)        (7,013)          (1,929)              (1,019)                         (43)                  (19,512) Carrying value as at January 1, 2025 1,432           6,469               685              289          1,888               441                   280                             5                    11,489 Carrying value as at March 31, 2025 1,479           6,363               648              291          2,293               411                   288                             5                    11,778", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 354, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7ea1531d632e93af"}, {"chunk_id": "fd2b97c8b982a456", "content": "Carrying value as at March 31, 2025 1,479           6,363               648              291          2,293               411                   288                             5                    11,778 The changes in the carrying value of property, plant and equipment for the three months ended March 31, 2024 are as follows: (In ₹ crore) Particulars Land - Freehold Furniture and fixtures Leasehold Improvements Gross carrying value as at January 1, 2024 1,432        11,498            3,305           1,510          8,497            2,308                1,456                           45                    30,051 Additions —              287               140                33             345                 54                     35                           —                         894 Deletions* —                —               (16)              (14)           (224)               (34)                   (37)                           —                       (325) Translation difference —              (15)                 (1)                (1)               (7)                 (2)                     (7)                           —                          (33) Gross carrying value as at March 31, 2024 1,432        11,770            3,428           1,528          8,611            2,326                1,447                           45                    30,587 Accumulated depreciation as at January 1, 2024", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 354, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7ea1531d632e93af"}, {"chunk_id": "7432fb800ebe2b49", "content": "Accumulated depreciation as at January 1, 2024 —         (4,814)          (2,584)         (1,253)        (6,267)          (1,807)              (1,131)                         (42)                  (17,898) Depreciation —            (111)               (63)              (32)           (336)               (58)                   (46)                           —                       (646) Accumulated depreciation on deletions* —                —                 16                14             219                 26                     34                           —                         309 Translation difference —                  4                   1                  2                 4                   2                       5                           —                           18 Accumulated depreciation as at March 31, 2024 —         (4,921)          (2,630)         (1,269)        (6,380)          (1,837)              (1,138)                         (42)                  (18,217) Carrying value as at January 1, 2024 1,432           6,684               721              257          2,230               501                   325                             3                    12,153 Carrying value as at March 31, 2024 1,432           6,849               798              259          2,231               489                   309                             3                    12,370", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 354, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7ea1531d632e93af"}, {"chunk_id": "c948a2f201943c56", "content": "Carrying value as at March 31, 2024 1,432           6,849               798              259          2,231               489                   309                             3                    12,370 The changes in the carrying value of property, plant and equipment for the year ended March 31, 2025 are as follows: (In ₹ crore) Particulars Land - Freehold Furniture and fixtures Leasehold Improvements", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 354, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7ea1531d632e93af"}, {"chunk_id": "39e82f0443c40141", "content": "Gross carrying value as at April 1, 2024 1,432        11,770            3,428           1,528          8,611            2,326                1,447                           45                    30,587 Additions 47                43                 63              139          1,317                 93                   139                             2                      1,843 Additions on Business Combinations (Refer to note 2.1) —                  1                 —                11                 6                 23                     —                             2                           43 Deletions** —            (113)               (31)              (52)           (633)             (101)                 (290)                           (1)                    (1,221) Translation difference —                20                   1                  2                 5                 (1)                     11                           —                           38 Gross carrying value as at March 31, 2025 1,479        11,721            3,461           1,628          9,306            2,340                1,307                           48                    31,290 Accumulated depreciation as at April 1, 2024 —         (4,921)          (2,630)         (1,269)        (6,380)          (1,837)              (1,138)                         (42)                  (18,217) Depreciation", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 355, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5f6135bcfd17a14d"}, {"chunk_id": "88f052171a1787cf", "content": "—         (4,921)          (2,630)         (1,269)        (6,380)          (1,837)              (1,138)                         (42)                  (18,217) Depreciation —            (444)             (203)            (118)        (1,249)             (187)                 (157)                           (2)                    (2,360) Accumulated depreciation on deletions** —                13                 21                51             616                 94                   286                             1                      1,082 Translation difference —                (6)                 (1)                (1)               —                   1                   (10)                           —                          (17) Accumulated depreciation as at March 31, 2025 —         (5,358)          (2,813)         (1,337)        (7,013)          (1,929)              (1,019)                         (43)                  (19,512) Carrying value as at April 1, 2024 1,432           6,849               798              259          2,231               489                   309                             3                    12,370 Carrying value as at March 31, 2025 1,479           6,363               648              291          2,293               411                   288                             5                    11,778", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 355, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5f6135bcfd17a14d"}, {"chunk_id": "0eb9213fc9252d7a", "content": "Carrying value as at March 31, 2025 1,479           6,363               648              291          2,293               411                   288                             5                    11,778 ** During the three months and year ended March 31, 2025, certain assets which were not in use having gross book value of ₹113 crore (net book value: Nil) and ₹513 crore (net book value: Nil), respectively were retired. The changes in the carrying value of property, plant and equipment for the year ended March 31, 2024 are as follows: (In ₹ crore) Particulars Land - Freehold Furniture and fixtures Leasehold Improvements Gross carrying value as at April 1, 2023 1,431        11,562            3,302           1,482          8,519            2,303                1,445                           45                    30,089 Additions 1              300               193              106             931               121                   108                             1                      1,761 Deletions* —              (55)               (64)              (60)           (846)               (99)                 (102)                           (1)                    (1,227) Translation difference —              (37)                 (3)                —                 7                   1                     (4)                           —                          (36) Gross carrying value as at March 31, 2024", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 355, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5f6135bcfd17a14d"}, {"chunk_id": "52eda017e566df6f", "content": "Gross carrying value as at March 31, 2024 1,432        11,770            3,428           1,528          8,611            2,326                1,447                           45                    30,587 Accumulated depreciation as at April 1, 2023 —         (4,535)          (2,437)         (1,198)        (5,826)          (1,675)              (1,032)                         (40)                  (16,743) Depreciation —            (450)             (259)            (130)        (1,387)             (250)                 (206)                           (3)                    (2,685) Accumulated depreciation on deletions* —                55                 64                59             836                 89                     97                             1                      1,201 Translation difference —                  9                   2                —               (3)                 (1)                       3                           —                           10 Accumulated depreciation as at March 31, 2024 —         (4,921)          (2,630)         (1,269)        (6,380)          (1,837)              (1,138)                         (42)                  (18,217) Carrying value as at April 1, 2023 1,431           7,027               865              284          2,693               628                   413                             5                    13,346", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 355, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5f6135bcfd17a14d"}, {"chunk_id": "9898de4493e3aa89", "content": "Carrying value as at April 1, 2023 1,431           7,027               865              284          2,693               628                   413                             5                    13,346 Carrying value as at March 31, 2024 1,432           6,849               798              259          2,231               489                   309                             3                    12,370 * During the three months and year ended March 31, 2024, certain assets which were not in use having gross book value of ₹181 crore (net book value: Nil) and ₹775 crore (net book value: Nil), respectively were retired. The aggregate depreciation has been included under depreciation and amortization expense in the interim condensed Consolidated Statement of Profit and Loss. (1) Buildings include ₹250/- being the value of five shares of ₹50/- each in Mittal Towers Premises Co-operative Society Limited. Repairs and maintenance costs are recognized in the Consolidated Statement of Profit and Loss when incurred. Consequent to the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021 (“the Rules”), the Company was required to transfer its CSR capital assets installed prior to January 2021. Towards this the Company had incorporated a subsidiary ‘Infosys Green Forum’ (IGF) under Section 8 of the Companies Act, 2013. During the year ended March 31, 2022 the Company had", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 355, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5f6135bcfd17a14d"}, {"chunk_id": "34af60183f8af255", "content": "2021. Towards this the Company had incorporated a subsidiary ‘Infosys Green Forum’ (IGF) under Section 8 of the Companies Act, 2013. During the year ended March 31, 2022 the Company had completed the transfer of assets upon obtaining the required approvals from regulatory authorities, as applicable. During March 31, 2024, the application filed by IGF for registration u/s.12AB of the Income Tax Act was rejected and registration cancelled. IGF has filed an appeal against this order before Income Tax Appellate Tribunal. 2.3  GOODWILL AND OTHER INTANGIBLE ASSETS", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 355, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5f6135bcfd17a14d"}, {"chunk_id": "b4377db62fa8d79c", "content": "Goodwill represents the purchase consideration in excess of the Group's interest in the net fair value of identifiable assets, liabilities and contingent liabilities of the acquired entity. When the net fair value of the identifiable assets, liabilities and contingent liabilities acquired exceeds purchase consideration, the fair value of net assets acquired is reassessed and the bargain purchase gain is recognized in capital reserve. Goodwill is measured at cost less accumulated impairment losses. Goodwill is tested for impairment on an annual basis and whenever there is an indication that the recoverable amount of a cash generating unit (CGU) is less than its carrying amount. For the impairment test, goodwill is allocated to the CGU or groups of CGUs which benefit from the synergies of the acquisition and which represents the lowest level at which goodwill is monitored for internal management purposes. A CGU is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or group of assets. Impairment occurs when the carrying amount of a CGU including the goodwill, exceeds the estimated recoverable amount of the CGU. The recoverable amount of a CGU is the higher of its fair value less cost to sell and its value-in-use. Value-in-use is the present value of future cash flows expected to be derived from the CGU.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 356, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fd1a09f5842fe87c"}, {"chunk_id": "e1ceb1616165aa0b", "content": "The recoverable amount of a CGU is the higher of its fair value less cost to sell and its value-in-use. Value-in-use is the present value of future cash flows expected to be derived from the CGU. Key assumptions in the cash flow projections are prepared based on current economic conditions and includes estimated long term growth rates, weighted average cost of capital and estimated operating margins. Following is a summary of changes in the carrying amount of goodwill: (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Carrying value at the beginning 7,303                      7,248 Goodwill on acquisitions (Refer to note 2.1) 2,593                           — Translation differences 210                           55 Carrying value at the end 10,106                      7,303 For the purpose of impairment testing, goodwill acquired in a business combination is allocated to the CGU or groups of CGUs, which benefit from the synergies of the acquisition. 2.3.2  Intangible Assets Intangible assets are stated at cost less accumulated amortization and impairment. Intangible assets are amortized over their respective individual estimated useful lives on a straight-line basis, from the date that they are available for use. The estimated useful life of an identifiable intangible asset is based on a number of factors including the effects of obsolescence, demand, competition, and", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 356, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fd1a09f5842fe87c"}, {"chunk_id": "722c36cda3fc7a74", "content": "the date that they are available for use. The estimated useful life of an identifiable intangible asset is based on a number of factors including the effects of obsolescence, demand, competition, and other economic factors (such as the stability of the industry, and known technological advances) and the level of maintenance expenditures required to obtain the expected future cash flows from the asset. Amortization methods and useful lives are reviewed periodically including at each financial year end. Research costs are expensed as incurred. Software product development costs are expensed as incurred unless technical and commercial feasibility of the project is demonstrated, future economic benefits are probable, the Group has an intention and ability to complete and use or sell the software and the costs can be measured reliably. The costs which can be capitalized include the cost of material, direct labor, overhead costs that are directly attributable to prepare the asset for its intended use. Intangible assets are evaluated for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value less cost to sell and the value-in-use) is determined on an individual asset basis unless the asset does not generate cash flows that are largely", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 356, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fd1a09f5842fe87c"}, {"chunk_id": "be6cdb2379105756", "content": "the recoverable amount (i.e. the higher of the fair value less cost to sell and the value-in-use) is determined on an individual asset basis unless the asset does not generate cash flows that are largely independent of those from other assets. In such cases, the recoverable amount is determined for the CGU to which the asset belongs. If such assets are considered to be impaired, the impairment to be recognized in the Consolidated Statement of Profit and Loss is measured by the amount by which the carrying value of the assets exceeds the estimated recoverable amount of the asset. An impairment loss is reversed in the Consolidated Statement of Profit and Loss if there has been a change in the estimates used to determine the recoverable amount. The carrying amount of the asset is increased to its revised recoverable amount, provided that this amount does not exceed the carrying amount that would have been determined (net of any accumulated amortization) had no impairment loss been recognized for the asset in prior years. (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Non-current Investments Investments carried at fair value through other comprehensive income Preference securities 167                                91 Equity instruments 2                                  2 169                             93 Investments carried at fair value through profit or loss Target maturity fund units 465                              431", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 356, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fd1a09f5842fe87c"}, {"chunk_id": "349f891ee9753a79", "content": "Equity instruments 2                                  2 169                             93 Investments carried at fair value through profit or loss Target maturity fund units 465                              431 Equity and Preference securities 25                                — Others (1) 196                              198 Investments carried at amortized cost 686                           629 Government bonds 16                                28 Tax free bonds 1,465                           1,731 1,481                        1,759 Investments carried at fair value through other comprehensive income Non convertible debentures 3,320                           2,217 Equity securities 57                              113 Government securities 5,346                           6,897 8,723                        9,227 Total non-current investments 11,059                      11,708 Investments carried at fair value through profit or loss Liquid mutual fund units 1,957                        2,615 1,957                        2,615 Commercial Paper 3,641                        4,830 Certificates of deposit 3,504                        3,043 7,145                        7,873 Quoted Investments carried at fair value through other comprehensive income Government bonds 15                                — Tax free bonds 154                                — 169                             — Investments carried at fair value through other comprehensive income", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 356, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fd1a09f5842fe87c"}, {"chunk_id": "2e39ecc847de0944", "content": "Non convertible debentures 1,549                        1,962 Government securities 1,662                           465 3,211                        2,427 Total current investments 12,482                      12,915 Total investments 23,541                      24,623 13,584                      13,413 Market value of quoted investments (including interest accrued), current 3,369                        2,428 Market value of quoted investments (including interest accrued), non current 10,392                      11,201 Aggregate amount of unquoted investments 9,957                      11,210 1,650                        1,759 Investments carried at fair value through other comprehensive income 19,248                      19,620 Investments carried at fair value through profit or loss 2,643                        3,244 Aggregate amount of quoted investments Investments carried at amortized cost (1)  Uncalled capital commitments outstanding as at March 31, 2025 and March 31, 2024 was ₹122 crore and ₹79 crore, respectively. Refer to Note 2.10 for Accounting policies on Financial Instruments. Method of fair valuation: Class of investment Method March 31, 2025 March 31, 2024 Liquid mutual fund units - carried at fair value through profit or loss Target maturity fund units - carried at fair value through profit or loss Tax free bonds and government bonds - carried at amortized cost Quoted price 1,957                        2,615 Quoted price", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 357, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ba7e2ad7d61df476"}, {"chunk_id": "9bd3123b6b4e83d3", "content": "Target maturity fund units - carried at fair value through profit or loss Tax free bonds and government bonds - carried at amortized cost Quoted price 1,957                        2,615 Quoted price 465                           431 Quoted price and market observable inputs 1,812                        1,973 Non-convertible debentures - carried at fair value through other comprehensive income Quoted price and market observable inputs 4,869                        4,179 Government securities - carried at fair value through other comprehensive income Quoted price and market observable inputs 7,008                        7,362 Commercial Papers - carried at fair value through other comprehensive income Market observable inputs 3,641                        4,830 Certificates of deposit - carried at fair value through other comprehensive income Market observable inputs 3,504                        3,043 Quoted Equity securities - carried at fair value through other comprehensive income Quoted price 57                           113 Unquoted equity and preference securities - carried at fair value through profit or loss Discounted cash flows method, Market multiples method, Option pricing model 25                             — Unquoted equity and preference securities - carried at fair value through other comprehensive income Discounted cash flows method, Market multiples method, Option pricing model 169                             93", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 357, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ba7e2ad7d61df476"}, {"chunk_id": "1747035113a546ad", "content": "Unquoted equity and preference securities - carried at fair value through other comprehensive income Discounted cash flows method, Market multiples method, Option pricing model 169                             93 Others - carried at fair value through profit or loss Discounted cash flows method, Market multiples method, Option pricing model 196                           198 Total 23,703                      24,837 Note: Certain quoted investments are classified as Level 2 in the absence of active market for such investments. (In ₹ crore) Particulars Non Current Loans considered good - Unsecured March 31, 2025 March 31, 2024 Loans to employees 16                             34 16                             34 Loans credit impaired - Unsecured Loans to employees 3                               2 Less: Allowance for credit impairment (3)                             (2) —                             — Total non-current loans 16                             34 Current Loans considered good - Unsecured Loans to employees 249                           248 Total current loans 249                           248 Total loans 265                           282 (In ₹ crore) Particulars 2.6 OTHER FINANCIAL ASSETS March 31, 2025 March 31, 2024 Non Current Security deposits (1) 273                           259 Unbilled revenues (1)# 2,031                        1,677 Restricted deposits (1)* 82                             47 Others (1) 19                               8 Total non-current other financial assets", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 357, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ba7e2ad7d61df476"}, {"chunk_id": "4e26d6ce53980fc4", "content": "Unbilled revenues (1)# 2,031                        1,677 Restricted deposits (1)* 82                             47 Others (1) 19                               8 Total non-current other financial assets 3,511                        3,105 Current Net investment in sublease(1) 1,106                        1,114 Security deposits (1) 65                             75 Restricted deposits (1)* 2,949                        2,535 Unbilled revenues (1)# 8,183                        7,923 Interest accrued but not due (1) 842                           537 Foreign currency forward and options contracts (2) (3) 192                             84 Net investment in sublease(1) 1,139                           710 Total current other financial assets 13,840                      12,085 Others (1) 470                           221 Total other financial assets 17,351                      15,190 (1) Financial assets carried at amortized cost 17,159                      15,106 (2) Financial assets carried at fair value through other comprehensive income 28                             23 (3) Financial assets carried at fair value through profit or loss 164                             61 * Restricted deposits represent deposits with financial institutions to settle employee related obligations as and when they arise during the normal course of business. # Classified as financial asset as right to consideration is unconditional and is due only after a passage of time. 2.7 TRADE RECEIVABLES", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 357, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ba7e2ad7d61df476"}, {"chunk_id": "46775018f0fc1592", "content": "# Classified as financial asset as right to consideration is unconditional and is due only after a passage of time. 2.7 TRADE RECEIVABLES March 31, 2025 March 31, 2024 Current Trade Receivable considered good - Unsecured 31,670                      30,713 Less: Allowance for expected credit loss 512                           520 Trade Receivable considered good - Unsecured 31,158                      30,193 Trade Receivable - credit impaired - Unsecured 206                           196 Less: Allowance for credit impairment 206                           196 Total trade receivables 31,158                      30,193", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 357, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ba7e2ad7d61df476"}, {"chunk_id": "93fc9c477565b0d9", "content": "Trade Receivable - credit impaired - Unsecured —                             — (In ₹ crore) Particulars 2.8 CASH AND CASH EQUIVALENTS March 31, 2025 March 31, 2024 Balances with banks In current and deposit accounts 24,455                            14,786 Cash on hand -                                   — Total cash and cash equivalents 24,455                            14,786 45                                   37 75                                   57 Balances with banks in unpaid dividend accounts Deposit with more than 12 months maturity Cash and cash equivalents as at March 31, 2025 and March 31, 2024 include restricted cash and bank balances of ₹424 crore and ₹348 crore respectively. The restrictions are primarily on account of bank balances held by irrevocable trusts controlled by the company. The deposits maintained by the Group with banks and financial institutions comprise of time deposits, which can be withdrawn by the Group at any point without prior notice or penalty on the principal. (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Non-current Capital advances 208                                 155 Advances other than capital advances Withholding taxes and others 534                                 673 Unbilled revenues # 201                                 103 Defined benefit plan assets 297                                   31 Prepaid expenses 282                                 343 Deferred Contract Cost Cost of fulfillment 879                                 687", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 359, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fd023bc951b6cdfd"}, {"chunk_id": "0f7ca75909a0e36b", "content": "Defined benefit plan assets 297                                   31 Prepaid expenses 282                                 343 Deferred Contract Cost Cost of fulfillment 879                                 687 Total non-current other assets 2,713                              2,121 Cost of obtaining a contract 312                                 129 Advances other than capital advances Payment to vendors for supply of goods 413                                 356 Others Unbilled revenues # 4,668                              4,845 Withholding taxes and others 2,841                              3,540 Prepaid expenses 3,080                              3,329 Deferred Contract Cost Cost of obtaining a contract 343                                 200 Cost of fulfillment 504                                 358 Other receivables 91                                 180 Total current other assets 11,940                            12,808 Total other assets 14,653                            14,929 # Classified as non financial asset as the contractual right to consideration is dependent on completion of contractual milestones. Withholding taxes and others primarily consist of input tax credits and VAT recoverable from tax authorities. 2.10     FINANCIAL INSTRUMENTS 2.10.1 Initial recognition The Group recognizes financial assets and financial liabilities when it becomes a party to the contractual provisions of the instrument. All financial assets and liabilities are", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 359, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fd023bc951b6cdfd"}, {"chunk_id": "04e5b2e5ab8a4e4e", "content": "2.10.1 Initial recognition The Group recognizes financial assets and financial liabilities when it becomes a party to the contractual provisions of the instrument. All financial assets and liabilities are recognized at fair value on initial recognition, except for trade receivables which are initially measured at transaction price. Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities, which are not at fair value through profit or loss, are added to the fair value on initial recognition. Regular way purchase and sale of financial assets are accounted for at trade date. 2.10.2 Subsequent measurement a. Non-derivative financial instruments (i) Financial assets carried at amortized cost A financial asset is subsequently measured at amortized cost if it is held within a business model whose objective is to hold the asset in order to collect contractual cash flows and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. (ii) Financial assets carried at fair value through other comprehensive income (FVOCI) A financial asset is subsequently measured at fair value through other comprehensive income if it is held within a business model whose objective is achieved by both collecting", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 359, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fd023bc951b6cdfd"}, {"chunk_id": "76396147397555c7", "content": "A financial asset is subsequently measured at fair value through other comprehensive income if it is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. The Group has made an irrevocable election for certain investments which are classified as equity instruments to present the subsequent changes in fair value in other comprehensive income based on its business model. (iii) Financial assets carried at fair value through profit or loss (FVTPL) A financial asset which is not classified in any of the above categories is subsequently fair valued through profit or loss. (iv) Financial liabilities Financial liabilities are subsequently carried at amortized cost using the effective interest method, except for contingent consideration and financial liability under option arrangements recognized in a business combination which is subsequently measured at fair value through profit or loss. b. Derivative financial instruments The Group holds derivative financial instruments such as foreign exchange forward and option contracts to mitigate the risk of changes in exchange rates on foreign currency exposures. The counterparty for such contracts is generally a bank.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 359, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fd023bc951b6cdfd"}, {"chunk_id": "7e7a335dee4a0b16", "content": "exposures. The counterparty for such contracts is generally a bank. (i) Financial assets or financial liabilities, carried at fair value through profit or loss. This category includes derivative financial assets or liabilities which are not designated as hedges. Although the Group believes that these derivatives constitute hedges from an economic perspective, they may not qualify for hedge accounting under Ind AS 109, Financial Instruments. Any derivative that is either not designated as hedge, or is so designated but is ineffective as per Ind AS 109, is categorized as a financial asset or financial liability, at fair value through profit or loss. Derivatives not designated as hedges are recognized initially at fair value and attributable transaction costs are recognized in net profit in the Consolidated Statement of Profit and Loss when incurred. Subsequent to initial recognition, these derivatives are measured at fair value through profit or loss and the resulting exchange gains or losses are included in other income. Assets/ liabilities in this category are presented as current assets/current liabilities if they are either held for trading or are expected to be realized within 12 months after the Balance Sheet date.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 359, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fd023bc951b6cdfd"}, {"chunk_id": "9edaf9a85924b76f", "content": "Primarily, the Group designates certain foreign exchange forward and options contracts as cash flow hedges to mitigate the risk of foreign exchange exposure on highly probable forecast cash transactions. When a derivative is designated as a cash flow hedging instrument, the effective portion of changes in the fair value of the derivative is recognized in other comprehensive income and accumulated in the cash flow hedging reserve. Any ineffective portion of changes in the fair value of the derivative is recognized immediately in the net profit in the interim condensed Consolidated Statement of Profit and Loss. If the hedging instrument no longer meets the criteria for hedge accounting, then hedge accounting is discontinued prospectively. If the hedging instrument expires or is sold, terminated or exercised, the cumulative gain or loss on the hedging instrument recognized in cash flow hedging reserve till the period the hedge was effective remains in cash flow hedging reserve until the forecasted transaction occurs. The cumulative gain or loss previously recognized in the cash flow hedging reserve is transferred to the net profit in the Consolidated Statement of Profit and Loss upon the occurrence of the related forecasted transaction. If the forecasted", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 360, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5f0f80356524bd7e"}, {"chunk_id": "660c07a9bff0a304", "content": "flow hedging reserve is transferred to the net profit in the Consolidated Statement of Profit and Loss upon the occurrence of the related forecasted transaction. If the forecasted transaction is no longer expected to occur, then the amount accumulated in cash flow hedging reserve is reclassified to net profit in the interim condensed Consolidated Statement of Profit and Loss. 2.10.3 Derecognition of financial instruments The Group derecognizes a financial asset when the contractual rights to the cash flows from the financial asset expire or it transfers the financial asset and the transfer qualifies for derecognition under Ind AS 109. A financial liability (or a part of a financial liability) is derecognized from the Group's Balance Sheet when the obligation specified in the contract is discharged or cancelled or expires. 2.10.4 Fair value of financial instruments In determining the fair value of its financial instruments, the Group uses a variety of methods and assumptions that are based on market conditions and risks existing at each reporting date. The methods used to determine fair value include discounted cash flow analysis, option pricing model, market multiples, available quoted market prices and dealer quotes. All methods of assessing fair value result in general approximation of value, and such value may never actually be realized.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 360, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5f0f80356524bd7e"}, {"chunk_id": "8d51148a69878985", "content": "dealer quotes. All methods of assessing fair value result in general approximation of value, and such value may never actually be realized. Refer to table 'Financial instruments by category' below for the disclosure on carrying value and fair value of financial assets and liabilities. For financial assets and liabilities maturing within one year from the Balance Sheet date and which are not carried at fair value, the carrying amounts approximates fair value due to the short maturity of these instruments. The Group recognizes loss allowances using the expected credit loss (ECL) model for the financial assets and unbilled revenue which are not fair valued through profit or loss. Loss allowance for trade receivables and unbilled revenues with no significant financing component is measured at an amount equal to lifetime ECL. For all other financial assets, ECLs are measured at an amount equal to the 12-month ECL, unless there has been a significant increase in credit risk from initial recognition in which case those are measured at lifetime ECL. The Group determines the allowance for credit losses based on historical loss experience adjusted to reflect current and estimated future economic conditions. The Group considers current and anticipated future economic conditions relating to industries the Group deals with and the countries where it operates.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 360, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5f0f80356524bd7e"}, {"chunk_id": "4e1f2942cb7e5321", "content": "The Group considers current and anticipated future economic conditions relating to industries the Group deals with and the countries where it operates. The amount of ECL (or reversal) that is required to adjust the loss allowance at the reporting date to the amount that is required to be recorded is recognized as an impairment loss or gain in Consolidated Statement of Profit and Loss. Financial instruments by category (In ₹ crore) Particulars Amortized The carrying value and fair value of financial instruments by categories as at March 31, 2025 are as follows: value through OCI Financial assets/ liabilities at fair value through profit or Financial assets/liabilities at fair Designated upon initial recognition Mandatory Equity instruments designated upon initial recognition Assets: Cash and cash equivalents (Refer to Note 2.8) 24,455                   —                   —                          —                        —                     24,455                24,455 Investments (Refer to Note 2.4) Equity and preference securities —                   25                   —                         226                        —                         251                    251 Tax free bonds and government bonds 1,650                   —                   —                          —                        —                       1,650                 1,812  (1) Liquid mutual fund units", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 360, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5f0f80356524bd7e"}, {"chunk_id": "28eefa67f11b56dd", "content": "1,650                   —                   —                          —                        —                       1,650                 1,812  (1) Liquid mutual fund units —                   —              1,957                          —                        —                       1,957                 1,957 Target maturity fund units —                   —                 465                          —                        —                         465                    465 Non convertible debentures —                   —                   —                          —                   4,869                       4,869                 4,869 Government securities —                   —                   —                          —                   7,008                       7,008                 7,008 Certificates of deposit —                   —                   —                          —                   3,504                       3,504                 3,504 Commercial paper —                   —                   —                          —                   3,641                       3,641                 3,641 Other investments —                   —                 196                          —                        —                         196                    196 Trade receivables (Refer to Note 2.7)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 360, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5f0f80356524bd7e"}, {"chunk_id": "59f5aaa1b6a1dab9", "content": "Other investments —                   —                 196                          —                        —                         196                    196 Trade receivables (Refer to Note 2.7) 31,158                   —                   —                          —                        —                     31,158                31,158 Loans (Refer to Note 2.5) 265                   —                   —                          —                        —                         265                    265 Other financials assets (Refer to Note 2.6) (3) 17,159                   —                 164                          —                        28                     17,351                17,271  (2)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 360, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5f0f80356524bd7e"}, {"chunk_id": "7630cab86b552e9f", "content": "Total 74,687                      25                 2,782                             226                     19,050                         96,770                   96,852 Liabilities: Trade payables 4,164                   —                   —                          —                        —                       4,164                 4,164 Lease liabilities (Refer to Note 2.19) 8,227                   —                   —                          —                        —                       8,227                 8,227 Financial Liability under option arrangements (Refer to Note 2.12) —                   —                 667                          —                        —                         667                    667 Other financial liabilities (Refer to Note 2.12) 16,511                   —                   61                          —                        33                     16,605                16,605 Total 28,902                      —                    728                               —                            33                         29,663                   29,663 (1)  On account of fair value changes including interest accrued (2)  Excludes interest accrued on tax free bonds and government bonds carried at amortized cost of ₹80 crore (3)  Excludes unbilled revenue on contracts where the right to consideration is dependent on completion of contractual milestones", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 361, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2c4de93bc8f1d388"}, {"chunk_id": "cfdc03ce7eeec4b1", "content": "(3)  Excludes unbilled revenue on contracts where the right to consideration is dependent on completion of contractual milestones The carrying value and fair value of financial instruments by categories as at  March 31, 2024 were as follows: (In ₹ crore) Particulars Amortized Financial assets/ liabilities at fair value through profit or Financial assets/liabilities at fair Designated upon initial recognition Mandatory Equity instruments designated upon initial recognition Assets: Cash and cash equivalents (Refer to Note 2.8) 14,786                   —                   —                          —                        —                     14,786                14,786 Investments (Refer to Note 2.4) Equity and preference securities —                   —                   —                         206                        —                         206                    206 Tax free bonds and government bonds 1,759                   —                   —                          —                        —                       1,759                 1,973  (1) Liquid mutual fund units —                   —              2,615                          —                        —                       2,615                 2,615 Target maturity fund units —                   —                 431                          —                        —                         431                    431 Non convertible debentures", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 361, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2c4de93bc8f1d388"}, {"chunk_id": "7d8b4fcd96b51203", "content": "Target maturity fund units —                   —                 431                          —                        —                         431                    431 Non convertible debentures —                   —                   —                          —                   4,179                       4,179                 4,179 Government securities —                   —                   —                          —                   7,362                       7,362                 7,362 Commercial paper —                   —                   —                          —                   4,830                       4,830                 4,830 Certificates of deposit —                   —                   —                          —                   3,043                       3,043                 3,043 Other investments —                   —                 198                          —                        —                         198                    198 Trade receivables (Refer to Note 2.7) 30,193                   —                   —                          —                        —                     30,193                30,193 Loans (Refer to Note 2.5) 282                   —                   —                          —                        —                         282                    282 Other financials assets (Refer to Note 2.6) (3)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 361, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2c4de93bc8f1d388"}, {"chunk_id": "c2cf4d5889aef4f8", "content": "282                   —                   —                          —                        —                         282                    282 Other financials assets (Refer to Note 2.6) (3) 15,106                   —                   61                          —                        23                     15,190                15,106  (2) Total 62,126                   —              3,305                         206                 19,437                     85,074                85,204 Liabilities: Trade payables 3,956                   —                   —                          —                        —                       3,956                 3,956 Lease liabilities (Refer to Note 2.19) 8,359                   —                   —                          —                        —                       8,359                 8,359 Financial Liability under option arrangements (Refer to Note 2.12) —                   —                 597                          —                        —                         597                    597 Other financial liabilities (Refer to Note 2.12) 15,750                   —                   30                          —                          1                     15,781                15,781 Total 28,065                   —                 627                          —                          1                     28,693                28,693", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 361, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2c4de93bc8f1d388"}, {"chunk_id": "9df44d32ebbbba1e", "content": "Total 28,065                   —                 627                          —                          1                     28,693                28,693 (1)  On account of fair value changes including interest accrued (2)  Excludes interest accrued on tax free bonds and government bonds carried at amortized cost of ₹84 crore (3)  Excludes unbilled revenue on contracts where the right to consideration is dependent on completion of contractual milestones For trade receivables, trade payables, other assets and payables maturing within one year from the Balance Sheet date, the carrying amounts approximate the fair value due to the short maturity of these instruments. Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices). Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs). The fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as at March 31, 2025 is as follows: As at March 31, 2025 Fair value measurement at end of the reporting", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 361, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2c4de93bc8f1d388"}, {"chunk_id": "40dff64f2aedf967", "content": "Level 1 Level 2 Level 3 Assets Investments (Refer to note 2.4) Investments in liquid mutual fund units 1,957                   1,957                           —                      — Investments in target maturity fund units 465                      465                           —                      — Investments in tax free bonds 1,781                   1,227                         554                      — Investments in government bonds 31                        31                           —                      — Investments in non convertible debentures 4,869                   4,869                           —                      — Investment in government securities 7,008                   6,972                           36                      — Investments in equity instruments 59                        57                           —                        2 Investments in preference securities 192                        —                           —                    192 Investments in commercial paper 3,641                        —                       3,641                      — Investments in certificates of deposit 3,504                        —                       3,504                      — Other investments 196                        —                           —                    196 Others 192                        —                         192                      — Liabilities", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 363, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6de08a3c42d081ec"}, {"chunk_id": "acbcfcfa0cc0edfc", "content": "Other investments 196                        —                           —                    196 Others 192                        —                         192                      — Liabilities Derivative financial instruments - gain  (Refer to Note 2.6) Financial liability under option arrangements (Refer to Note 2.12)  (1) Derivative financial instruments - loss  (Refer to Note 2.12) 667                        —                           —                    667 63                        —                           63                      — Liability towards contingent consideration (Refer to Note 2.12) (2) 31                        —                           —                      31 (1) Discount rate ranges from 9% to 15% (2)Discount rate - 6% During the year ended March 31, 2025, government securities and non convertible debentures of ₹297 crore was transferred from Level 2 to Level 1 of fair value hierarchy, since these were valued based on quoted price. Further, non convertible debentures and tax free bonds of ₹554 crore were transferred from Level 1 to Level 2 of fair value hierarchy, since these were valued based on market observable inputs. The fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as at March 31, 2024 was as follows: period using As at March 31, 2024 Fair value measurement at end of the reporting Level 1 Level 2 Level 3 Assets Investments (Refer to note 2.4) Investments in liquid mutual fund units", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 363, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6de08a3c42d081ec"}, {"chunk_id": "a1b12f8fe1fa4d9e", "content": "period using As at March 31, 2024 Fair value measurement at end of the reporting Level 1 Level 2 Level 3 Assets Investments (Refer to note 2.4) Investments in liquid mutual fund units 2,615                       2,615                                —                          — Investments in target maturity fund units 431                          431                                —                          — Investments in tax free bonds 1,944                   1,944                           —                          — Investments in government bonds 29                        29                                —                          — Investments in non convertible debentures 4,179                   3,922                         257                          — Investment in government securities 7,362                       7,289                                73                          — Investments in equity instruments 115                          113                                —                            2 Investments in preference securities 91                            —                                —                          91 Investments in commercial paper 4,830                            —                           4,830                      — Investments in certificates of deposit 3,043                            —                           3,043                      — Other investments", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 363, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6de08a3c42d081ec"}, {"chunk_id": "5c3ad0123a84103c", "content": "Investments in certificates of deposit 3,043                            —                           3,043                      — Other investments 198                            —                                —                        198 Derivative financial instruments - gain  (Refer to Note 2.6) 84                            —                                84                          — Derivative financial instruments - loss  (Refer to Note 2.12) 31                            —                                31                          — (1) Discount rate ranges from 9% to 15% Financial liability under option arrangements  (Refer to Note 2.12)  (1) 597                            —                                —                        597 During the year ended March 31, 2024, government securities , non convertible debentures and tax free bonds of ₹2,143 crore was transferred from Level 2 to Level 1 of fair value hierarchy, since these were valued based on quoted price. Further, government securities of ₹ 73 crore were transferred from Level 1 to Level 2 of fair value hierarchy, since these were valued based on market observable inputs. A one percentage point change in the unobservable inputs used in fair valuation of Level 3 assets and liabilities does not have a significant impact in its value. Majority of investments of the Group are fair valued based on Level 1 or Level 2 inputs.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 363, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6de08a3c42d081ec"}, {"chunk_id": "cbfed0621c0fb1ee", "content": "Majority of investments of the Group are fair valued based on Level 1 or Level 2 inputs. These investments primarily include investment in liquid mutual fund units, target maturity fund units, tax-free bonds, certificates of deposit, commercial papers, treasury bills, government securities, non-convertible debentures, quoted bonds issued by government and quasi-government organizations. The Group invests after considering counterparty risks based on multiple criteria including Tier I capital, Capital Adequacy Ratio, Credit Rating, Profitability, NPA levels and Deposit base of banks and financial institutions. These risks are monitored regularly as per Group's risk management program. Ordinary shares are classified as equity share capital. Incremental costs directly attributable to the issuance of new ordinary shares, share options and buyback are recognized as a deduction from equity, net of any tax effects. When any entity within the Group purchases the company's ordinary shares, the consideration paid including any directly attributable incremental cost is presented as a deduction from total equity, until they are cancelled, sold or reissued. When treasury shares are sold or reissued subsequently, the amount received is recognized as an increase in equity, and the resulting surplus or deficit on the transaction is transferred to / from securities premium. Description of reserves Capital Redemption Reserve", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 363, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6de08a3c42d081ec"}, {"chunk_id": "86add989f9825512", "content": "In accordance with section 69 of the Indian Companies Act, 2013, the Company creates capital redemption reserve equal to the nominal value of the shares bought back as an appropriation from general reserve / retained earnings. Retained earnings represent the amount of accumulated earnings of the Group. The amount received in excess of the par value of equity shares has been classified as securities premium. Amounts have been utilized for bonus issue and share buyback from share premium account. Share options outstanding account The share options outstanding account is used to record the fair value of equity-settled share based payment transactions with employees. The amounts recorded in share options outstanding account are transferred to securities premium upon exercise of stock options and transferred to general reserve on account of stock options not exercised by employees. Special Economic Zone Re-investment reserve The Special Economic Zone Re-investment reserve has been created out of the profit of the eligible SEZ unit in terms of the provisions of Sec 10AA (1)(ii) of Income Tax Act, 1961. The reserve should be utilized by the Company for acquiring new plant and machinery for the purpose of its business in terms of the provisions of the Sec 10AA (2) of the Income Tax Act, 1961. Other components of equity", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 364, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ecf18fe86592b79c"}, {"chunk_id": "f322ec682dd98759", "content": "utilized by the Company for acquiring new plant and machinery for the purpose of its business in terms of the provisions of the Sec 10AA (2) of the Income Tax Act, 1961. Other components of equity Other components of equity include currency translation, remeasurement of net defined benefit liability / asset, equity instruments fair valued through other comprehensive income, changes on fair valuation of investments and changes in fair value of derivatives designated as cash flow hedges, net of taxes. Currency translation reserve The exchange differences arising from the translation of financial statements of foreign subsidiaries with functional currency other than Indian rupees is recognized in other comprehensive income and is presented within equity. Cash flow hedge reserve When a derivative is designated as a cash flow hedging instrument, the effective portion of changes in the fair value of the derivative is recognized in other comprehensive income and accumulated in the cash flow hedging reserve. The cumulative gain or loss previously recognized in the cash flow hedging reserve is transferred to the interim condensed Consolidated Statement of Profit and Loss upon the occurrence of the related forecasted transaction. (In ₹ crore, except as otherwise stated) March 31, 2025 March 31, 2024 Authorized Equity shares, ₹5 par value 480,00,00,000 (480,00,00,000) equity shares 2,400                        2,400", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 364, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ecf18fe86592b79c"}, {"chunk_id": "c74261ee9fe8dfa2", "content": "(In ₹ crore, except as otherwise stated) March 31, 2025 March 31, 2024 Authorized Equity shares, ₹5 par value 480,00,00,000 (480,00,00,000) equity shares 2,400                        2,400 Issued, Subscribed and Paid-Up Equity shares, ₹5 par value(1) 2,073                        2,071 414,36,07,528  (413,99,50,635) equity shares fully paid-up(2) Note: Forfeited shares amounted to ₹1,500 (₹1,500) 2,073                        2,071 (2) Net of treasury shares 96,55,927 (1,09,16,829) (1) Refer to Note 2.20  for details of basic and diluted shares The Company has only one class of shares referred to as equity shares having a par value of ₹5/-. Each holder of equity shares is entitled to one vote per share. The equity shares represented by American Depositary Shares (ADS) carry similar rights to voting and dividends as the other equity shares. Each ADS represents one underlying equity share. In the event of liquidation of the Company, the holders of equity shares will be entitled to receive any of the remaining assets of the Company in proportion to the number of equity shares held by the shareholders, after distribution of all preferential amounts. However, no such preferential amounts exist currently, other than the amounts held by irrevocable controlled trusts. For irrevocable controlled trusts, the corpus would be settled in favor of the beneficiaries.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 364, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ecf18fe86592b79c"}, {"chunk_id": "68d6885510d52a5d", "content": "For irrevocable controlled trusts, the corpus would be settled in favor of the beneficiaries. There are no voting, dividend or liquidation rights to the holders of options issued under the company's share option plans For details of shares reserved for issue under the employee stock option plan of the Company refer to the note below. (In ₹ crore, except as stated otherwise) Particulars The reconciliation of the number of shares outstanding and the amount of share capital as at March 31, 2025 and March 31, 2024 are as follows: Number of shares Amount Number of shares Amount As at March 31, 2025 As at March 31, 2024 As at the beginning of the period 413,99,50,635                  2,071 413,63,87,925                        2,069 Add: Shares issued on exercise of employee stock options 36,56,893                         2 35,62,710                               2 As at the end of the period 414,36,07,528                  2,073 413,99,50,635                        2,071 Capital allocation policy Effective fiscal 2025, the Company expects to continue its policy of returning approximately 85% of the free cash flow cumulatively over a 5-year period through a combination of semi-annual dividends and/or share buyback/ special dividends subject to applicable laws and requisite approvals, if any. Under this policy, the Company expects to progressively increase its annual dividend per share (excluding special dividend if any).", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 364, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ecf18fe86592b79c"}, {"chunk_id": "658dd386796bed38", "content": "Under this policy, the Company expects to progressively increase its annual dividend per share (excluding special dividend if any). Free cash flow is defined as net cash provided by operating activities less capital expenditure as per the consolidated statement of cash flows prepared under IFRS. Dividend and buyback include applicable taxes. The Company’s objective when managing capital is to safeguard its ability to continue as a going concern and to maintain an optimal capital structure so as to maximize shareholder value. In order to maintain or achieve an optimal capital structure, the Company may adjust the amount of dividend payment, return capital to shareholders, issue new shares or buy back issued shares. As of March 31, 2025, the Company has only one class of equity shares and has no debt. Consequent to the above capital structure there are no externally imposed capital requirements. The final dividend on shares is recorded as a liability on the date of approval by the shareholders and interim dividends are recorded as a liability on the date of declaration by the Company's Board of Directors. Income tax consequences of dividends on financial instruments classified as equity will be recognized according to where the entity originally recognized those past transactions or events that generated distributable profits. The Company declares and pays dividends in Indian rupees.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 364, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ecf18fe86592b79c"}, {"chunk_id": "e713e46b12c67851", "content": "generated distributable profits. The Company declares and pays dividends in Indian rupees. Companies are required to pay/distribute dividend after deducting applicable taxes. The remittance of dividends outside India is governed by Indian law on foreign exchange and is also subject to withholding tax at applicable rates. The amount of per share dividend recognized as distribution to equity shareholders in accordance with Companies Act 2013 is as follows:", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 364, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ecf18fe86592b79c"}, {"chunk_id": "db5bd95b6e8ca94b", "content": "2025 2024 2025 2024 Interim dividend for fiscal 2025 —                       —                           21.00                             — Special dividend for fiscal 2024 —                       —                             8.00                             — Final dividend for fiscal 2024 —                       —                           20.00                             — Interim dividend for fiscal 2024 —                       —                                —                        18.00 Final dividend for fiscal 2023 —                       —                                —                        17.50 Three months ended March 31, During the year ended March 31, 2025, on account of the final and special dividend for fiscal 2024 and interim dividend for fiscal 2025, the Company has incurred a net cash outflow of ₹20,295 crore (excluding dividend paid on treasury shares) The Board of Directors in their meeting held on April 17, 2025 recommended a final dividend of ₹22/- per equity share for the financial year ended March 31, 2025. The payment is subject to the approval of shareholders in the AGM of the Company to be held on June 25, 2025 and if approved, would result in a net cash outflow of approximately ₹9,116 crore (excluding dividend paid on treasury shares). Employee Stock Option Plan (ESOP):", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 365, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6298d0b3ba2a4ac7"}, {"chunk_id": "a131ebcf510e0e2a", "content": "Employee Stock Option Plan (ESOP): The Group recognizes compensation expense relating to share-based payments in net profit based on estimated fair values of the awards on the grant date. The estimated fair value of awards is recognized as an expense in the statement of profit and loss on a straight-line basis over the requisite service period for each separately vesting portion of the award as if the award was in-substance, multiple awards with a corresponding increase to share options outstanding account. Infosys Expanded Stock Ownership Program 2019 (the 2019 Plan) : On June 22, 2019 pursuant to approval by the shareholders in the Annual General Meeting, the Board has been authorized to introduce, offer, issue and provide share-based incentives to eligible employees of the Company and its subsidiaries under the 2019 Plan. The maximum number of shares under the 2019 Plan shall not exceed 5,00,00,000 equity shares. To implement the 2019 Plan, up to 4,50,00,000 equity shares may be issued by way of secondary acquisition of shares by Infosys Expanded Stock Ownership Trust. The Restricted Stock Units (RSUs) granted under the 2019 Plan shall vest based on the achievement of defined annual performance parameters as determined by the administrator (Nomination and Remuneration Committee). The performance parameters will be based on a combination of", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 365, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6298d0b3ba2a4ac7"}, {"chunk_id": "70295da5581f13fe", "content": "achievement of defined annual performance parameters as determined by the administrator (Nomination and Remuneration Committee). The performance parameters will be based on a combination of relative Total Shareholder Return (TSR) against selected industry peers and certain broader market domestic and global indices and operating performance metrics of the Company as decided by administrator. Each of the above performance parameters will be distinct for the purposes of calculation of quantity of shares to vest based on performance. These instruments will generally vest between a minimum of 1 to maximum of 3 years from the grant date. 2015 Stock Incentive Compensation Plan (the 2015 Plan) : On March 31, 2016, pursuant to the approval by the shareholders through postal ballot, the Board was authorized to introduce, offer, issue and allot share-based incentives to eligible employees of the Company and its subsidiaries under the 2015 Stock Incentive Compensation Plan. The maximum number of shares under the 2015 Plan shall not exceed 2,40,38,883 equity shares (this includes 1,12,23,576 equity shares which are held by the trust towards the 2011 Plan as at March 31, 2016). These instruments will generally vest over a period of 4 years. The plan numbers mentioned above are further adjusted with the September 2018 bonus issue.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 365, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6298d0b3ba2a4ac7"}, {"chunk_id": "8b0c365eba8e1c17", "content": "These instruments will generally vest over a period of 4 years. The plan numbers mentioned above are further adjusted with the September 2018 bonus issue. The equity settled and cash settled RSUs and stock options would vest generally over a period of 4 years and shall be exercisable within the period as approved by the Nomination and Remuneration Committee (NARC). The exercise price of the RSUs will be equal to the par value of the shares and the exercise price of the stock options would be the market price as on the date of grant. Controlled trust holds 96,55,927 and 1,09,16,829 shares as at March 31, 2025 and March 31, 2024, respectively, under the 2015 Plan. Out of these shares, 200,000 equity shares each have been earmarked for welfare activities of the employees as at March 31, 2025 and March 31, 2024. The following is the summary of grants made during the three months and year ended March 31, 2025 and March 31, 2024: March 31, Year ended March 31, 2025 2024 2025 2024 2025 2024 2025 2024 Equity Settled RSUs Key Management Personnel (KMP) 49,000               26,900           119,699     141,171                   85,674                77,094                        380,842                    498,730 Employees other than KMP 3,617,798           3,582,471        3,624,646  4,046,731              1,722,470           3,442,700                     1,874,690                 4,640,640 Total Grants", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 365, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6298d0b3ba2a4ac7"}, {"chunk_id": "473b311de30b4e1e", "content": "Employees other than KMP 3,617,798           3,582,471        3,624,646  4,046,731              1,722,470           3,442,700                     1,874,690                 4,640,640 Total Grants 3,666,798           3,609,371        3,744,345  4,187,902              1,808,144           3,519,794                     2,255,532                 5,139,370 Cash settled RSU Key Management Personnel (KMP) -                         -                      -                 -                            -                         -                                   -                                - Employees other than KMP -                         -                      -                 -                     94,050              169,040                         94,050                    176,990 -                         -                      -                 -                     94,050              169,040                         94,050                    176,990 Total Grants 3,666,798           3,609,371        3,744,345  4,187,902              1,902,194           3,688,834                     2,349,582                 5,316,360 Notes on grants to KMP: The Board, on April 18, 2024, based on the recommendations of the Nomination and Remuneration Committee approved the following grants for fiscal 2025. In accordance with such approval the following grants were made effective May 2, 2024.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 365, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6298d0b3ba2a4ac7"}, {"chunk_id": "5085053673c5bb33", "content": "- 245,679 performance-based RSUs (Annual performance equity grant) of fair value of ₹34.75 crore. These RSUs will vest in line with the employment agreement based on achievement of certain performance targets. - 14,140 performance-based grant of RSUs (Annual performance equity ESG grant) of fair value of ₹2 crore. These RSUs will vest in line with the employment agreement based on achievement of certain environment, social and governance milestones as determined by the Board. - 35,349 performance-based grant of RSUs (Annual performance Equity TSR grant) of fair value of ₹5 crore . These RSUs will vest in line with the employment agreement based on Company’s performance on cumulative relative TSR over the years and as determined by the Board. Further, in accordance with the employee agreement which has been approved by the shareholders, the CEO is eligible to receive an annual grant of RSUs of fair value ₹3 crore which will vest overtime in three equal annual installments upon the completion of each year of service from the respective grant date. Accordingly, annual time-based grant of 16,204 RSUs was made effective February 1, 2025 for fiscal 2025. Though the annual time based grants and annual performance equity TSR grant for the remaining employment term ending on March 31, 2027 have not been granted as of March 31, 2025, since the service", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 366, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3fc2a72ca386a0ce"}, {"chunk_id": "df186d6d99b20d66", "content": "Though the annual time based grants and annual performance equity TSR grant for the remaining employment term ending on March 31, 2027 have not been granted as of March 31, 2025, since the service commencement date precedes the grant date, the company has recorded employment stock compensation expense in accordance with Ind AS 102, Share based payment. The grant date for this purpose in accordance with Ind AS 102, Share based payment is July 01, 2022. The Board, on April 18, 2024, based on the recommendations of the Nomination and Remuneration Committee, approved performance-based grant of RSUs amounting to ₹10 crore for fiscal 2025 under the 2019 Plan. These RSUs will vest based on achievement of certain performance targets. Accordingly, 70,699 performance based RSU’s were granted effective May 2, 2024. During the year ended March 31, 2025, based on  recommendations of Nomination and Remuneration Committee, the Board approved 69,470 time  based RSUs to other KMP under the 2015 plan. Time based RSUs will vest over four years. During the year ended March 31, 2025, based on  recommendations of Nomination and Remuneration Committee, the Board approved performance based grants of 49,000  RSUs to other KMPs under the 2019 plan. These RSUs will vest over three years based on achievement of certain performance targets. The break-up of employee stock compensation expense is as follows: (in ₹ crore) Particulars 2025 2024 2025 2024", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 366, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3fc2a72ca386a0ce"}, {"chunk_id": "ac7173bf81cb9e2b", "content": "2019 plan. These RSUs will vest over three years based on achievement of certain performance targets. The break-up of employee stock compensation expense is as follows: (in ₹ crore) Particulars 2025 2024 2025 2024 Granted to: KMP 18                       17                                70 68 Employees other than KMP 180                     208                              732 584 Total (1) 198                     225                              802                           652 Three months ended  March 31, Year ended  March 31, (1) Cash-settled stock compensation expense included in the above 3                         4                                17                             13 The fair value of the awards are estimated using the Black-Scholes Model for time and non-market performance based options and Monte Carlo simulation model is used for TSR based options. The inputs to the model include the share price at date of grant, exercise price, expected volatility, expected dividends, expected term and the risk free rate of interest. Expected volatility during the expected term of the options is based on historical volatility of the observed market prices of the Company's publicly traded equity shares during a period equivalent to the expected term of the options.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 366, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3fc2a72ca386a0ce"}, {"chunk_id": "e144c832db780845", "content": "expected term of the options is based on historical volatility of the observed market prices of the Company's publicly traded equity shares during a period equivalent to the expected term of the options. Expected volatility of the comparative company have been modelled based on historical movements in the market prices of their publicly traded equity shares during a period equivalent to the expected term of the options. Correlation coefficient is calculated between each peer entity and the indices as a whole or between each entity in the peer group. The fair value of each equity settled award is estimated on the date of grant using the following assumptions: For options granted in Fiscal 2025- Equity Shares- Fiscal 2024- Equity Shares-RSU Weighted average share price (₹) / ($ ADS) 1,808                  21.44                           1,588                        19.19 Exercise price (₹) / ($ ADS) 5.00                    0.07                             5.00                          0.07 Expected volatility (%) 21-26 23-28 23-31 25-33 Expected life of the option (years) 1-4 1-4 1-4 1-4 Expected dividends (%) 2-3 2-3 2-3 2-3 Risk-free interest rate (%) 7 4-5 7 4-5 1,555                  18.20                           1,317                        16.27", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 366, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3fc2a72ca386a0ce"}, {"chunk_id": "b7f52f0242d906d7", "content": "1-4 1-4 1-4 1-4 Expected dividends (%) 2-3 2-3 2-3 2-3 Risk-free interest rate (%) 7 4-5 7 4-5 1,555                  18.20                           1,317                        16.27 The expected life of the RSU/ESOP is estimated based on the vesting term and contractual term of the RSU/ESOP, as well as expected exercise behavior of the employee who receives the RSU/ESOP. Weighted average fair value as on grant date (₹) / ($ ADS) 2.12  OTHER FINANCIAL LIABILITIES (In ₹ crore) Particulars March 31, 2025 March 31, 2024 Non-current Others Accrued compensation to employees (1) 12                                      7 Accrued expenses (1) 1,890                               1,779 Compensated absences 99                                    89 Financial liability under option arrangements (2) # 115                                    98 Payable for acquisition of business - Contingent consideration (2) 20                                    — Other Payables (1)(4) 5                                  157 Total non-current other financial liabilities 2,141                               2,130 Unpaid dividends (1) 45                                    37 Others Accrued compensation to employees (1) 4,924                               4,454 Accrued expenses (1) 8,467                               8,224 Payable for acquisition of business - Contingent consideration (2) 11                                    — Payable by controlled trusts (1)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 366, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3fc2a72ca386a0ce"}, {"chunk_id": "24f8353d5c22f594", "content": "Accrued expenses (1) 8,467                               8,224 Payable for acquisition of business - Contingent consideration (2) 11                                    — Payable by controlled trusts (1) 173                                  211 Compensated absences 2,908                               2,622 Financial liability under option arrangements (2) # 552                                  499 Foreign currency forward and options contracts (2) (3) 63                                    31 Capital creditors (1) 520                                  310 Other payables (1)(4) 475                                  571", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 366, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3fc2a72ca386a0ce"}, {"chunk_id": "8f6d011fe4baf339", "content": "Total current other financial liabilities 18,138                             16,959 Total other financial liabilities 20,279                             19,089 (1) Financial liability carried at amortized cost 16,511                             15,750 (2) Financial liability carried at fair value through profit or loss 728                                  627 (3) Financial liability carried at fair value through other comprehensive income 33                                      1 Financial liability under option arrangements on an undiscounted basis 761                                  690 Financial liability towards contingent consideration on an undiscounted basis 33                                    — (4) The Group entered into financing arrangements with a third party towards technology assets taken over by the Group from a customer as a part of transformation project which was not considered as distinct goods or services as the control related to those assets was not transferred to the Group in accordance with Ind AS 115 - Revenue from contract with customers. As at March 31, 2025 and March 31, 2024, the financial liability pertaining to such arrangements amounts to ₹67 crore and ₹372 crore, respectively. # Represents liability related to options issued by the Group over the non-controlling interests in its subsidiaries", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 368, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5a46a566e4690772"}, {"chunk_id": "c7f6bdcebaabbcf3", "content": "and ₹372 crore, respectively. # Represents liability related to options issued by the Group over the non-controlling interests in its subsidiaries Accrued expenses primarily relate to cost of technical sub-contractors, telecommunication charges, legal and professional charges, brand building expenses, overseas travel expenses, office maintenance and cost of third party software and hardware. 2.13  OTHER LIABILITIES March 31, 2025 March 31, 2024 Accrued defined benefit liability 115                                  159 Others 100                                    76 Total non-current other liabilities 215                                  235 Unearned revenue 8,492                               7,341 Others Withholding taxes and others 3,256                               3,185 Accrued defined benefit liability 6                                      5 Others 11                                      8 Total current other liabilities 11,765                             10,539 Total other liabilities 11,980                             10,774 A provision is recognized if, as a result of a past event, the Group has a present legal or constructive obligation that is reasonably estimable, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by discounting the expected future cash flows at a pre-tax rate", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 368, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5a46a566e4690772"}, {"chunk_id": "9b1ad138fdcf7267", "content": "an outflow of economic benefits will be required to settle the obligation. Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability.The Group recognizes a reimbursement asset when, and only when, it is virtually certain that the reimbursement will be received if the Group settles the obligation. a. Post sales client support The Group provides its clients with a fixed-period post sales support on its fixed-price, fixed-timeframe contracts. Costs associated with such support services are accrued at the time related revenues are recorded and included in Consolidated Statement of Profit and Loss. The Group estimates such costs based on historical experience and estimates are reviewed on a periodic basis for any material changes in assumptions and likelihood of occurrence. Provisions for onerous contracts are recognized when the expected benefits to be derived by the Group from a contract are lower than the unavoidable costs of meeting the future obligations under the contract. Provisions for estimated losses, if any, on incomplete contracts are recorded in the period in which such losses become probable based on the estimated efforts or costs to complete the contract. The provision is measured at the present value of the lower of the expected cost", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 368, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5a46a566e4690772"}, {"chunk_id": "0af59ab4b1cfd2ec", "content": "become probable based on the estimated efforts or costs to complete the contract. The provision is measured at the present value of the lower of the expected cost of terminating the contract and the expected net cost of continuing with the contract. Before a provision is established the Group recognizes any impairment loss on the assets associated with that contract. Provision for post-sales client support and other provisions: March 31, 2025 March 31, 2024 Current Others Post-sales client support and others 1,325                               1,796 Other provisions pertaining to settlement (refer to note 2.21.2) 150                                    — Total provisions 1,475                               1,796 Provision for post-sales client support and other provisions majorly represents costs associated with providing sales support services which are accrued at the time of recognition of revenues and are expected to be utilized over a period of 1 year. Provision for post sales client support and other provisions is included in cost of sales in the condensed consolidated statement of profit and loss. Income tax expense comprises current and deferred income tax. Income tax expense is recognized in net profit in the Consolidated Statement of Profit and Loss except to the extent that it relates to items recognized directly in equity, in which case it is recognized in equity or other comprehensive income.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 368, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5a46a566e4690772"}, {"chunk_id": "24856d080ad9d29e", "content": "extent that it relates to items recognized directly in equity, in which case it is recognized in equity or other comprehensive income. Current income tax for current and prior periods is recognized at the amount expected to be paid to or recovered from the tax authorities, using the tax rates and tax laws that have been enacted or substantively enacted by the Balance Sheet date. Deferred income tax assets and liabilities are recognized for all temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements except when the deferred income tax arises from the initial recognition of goodwill or an asset or liability in a transaction that is not a business combination and affects neither accounting nor taxable profit or loss at the time of the transaction. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 368, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5a46a566e4690772"}, {"chunk_id": "72c14e7562043876", "content": "Deferred income tax assets and liabilities are measured using tax rates and tax laws that have been enacted or substantively enacted by the Balance Sheet date and are expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of changes in tax rates on deferred income tax assets and liabilities is recognized as income or expense in the period that includes the enactment or the substantive enactment date. A deferred income tax asset is recognized to the extent that it is probable that future taxable profit will be available against which the deductible temporary differences and tax losses can be utilized. Deferred income taxes are not provided on the undistributed earnings of subsidiaries and branches where it is expected that the earnings of the subsidiary or branch will not be distributed in the foreseeable future. The Group offsets current tax assets and current tax liabilities; deferred tax assets and deferred tax liabilities, where it has a legally enforceable right to set off the recognized amounts and where it intends either to settle on a net basis, or to realize the asset and settle the liability simultaneously. The income tax provision for the interim period is made based on the best estimate of the annual average tax rate expected to be applicable for the full financial year. Tax benefits of deductions earned on exercise of", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 369, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c78cbf09d5de7b4a"}, {"chunk_id": "4826c1bbdfcce71b", "content": "made based on the best estimate of the annual average tax rate expected to be applicable for the full financial year. Tax benefits of deductions earned on exercise of employee share options in excess of compensation charged to income are credited to equity. Income tax expense in the Consolidated Statement of Profit and Loss comprises: (In ₹ crore) Particulars Year ended March 31, Three months ended March 31, Current taxes 2,784                           1,173                      12,130                     8,390 Deferred taxes (159)                           1,092                       (1,272)                     1,350 Income tax expense 2,625                           2,265                      10,858                     9,740 Income tax expense for the three months ended March 31, 2025 and March 31, 2024 includes reversals (net of provisions) of ₹117 crore and ₹871 crore, respectively. Income tax expense for the year ended March 31, 2025 and March 31, 2024 includes provisions (net of reversals) of ₹132 crore and reversals (net of provisions) of ₹937 crore, respectively. These provisions and reversals pertaining to prior periods are primarily on account of adjudication of certain disputed matters, upon filing of tax return and completion of assessments, across various jurisdictions.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 369, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c78cbf09d5de7b4a"}, {"chunk_id": "a48b57aadc9593d8", "content": "and completion of assessments, across various jurisdictions. During the quarter ended March 31, 2025, the Company received orders under section 250 of the Income Tax Act, 1961, from the Income Tax Authorities in India for the assessment years, 2016-17 and 2019-20. These orders confirmed the Company's position with respect to tax treatment of certain contentious matters. As a result interest income (pre-tax) of ₹327 crore was recognised and provision for income tax aggregating ₹183 crore was reversed with a corresponding credit to the Statement of Profit and Loss. Also, upon resolution of the disputes, an amount aggregating to ₹1,068 crore has been reduced from contingent liabilities. Deferred income tax for the three months and year ended March 31, 2025 and March 31, 2024 substantially relates to origination and reversal of temporary differences. The Company’s Advanced Pricing Arrangement (APA) with the Internal Revenue Service (IRS) for US branch income tax expired in March 2021. The Company has applied for renewal of APA and currently the US taxable income is based on the Company’s best estimate determined based on the expected value method. 2.16 REVENUE FROM OPERATIONS The Group derives revenues primarily from IT services comprising software development and related services, cloud and infrastructure services, maintenance, consulting and package", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 369, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c78cbf09d5de7b4a"}, {"chunk_id": "9aee9d767863de33", "content": "The Group derives revenues primarily from IT services comprising software development and related services, cloud and infrastructure services, maintenance, consulting and package implementation, licensing of software products and platforms across the Group’s core and digital offerings (together called as “software related services”) and business process management services. Contracts with customers are either on a time-and-material, unit of work, fixed-price or on a fixed-timeframe basis. Revenues from customer contracts are considered for recognition and measurement when the contract has been approved in writing by the parties, to the contract, the parties to contract are committed to perform their respective obligations under the contract, and the contract is legally enforceable. Revenue is recognized upon transfer of control of promised products or services (“performance obligations”) to customers in an amount that reflects the consideration the Group has received or expects to receive in exchange for these products or services (“transaction price”). When there is uncertainty as to collectability, revenue recognition is postponed until such uncertainty is resolved. The Group assesses the services promised in a contract and identifies distinct performance obligations in the contract. The Group allocates the transaction price to each distinct", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 369, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c78cbf09d5de7b4a"}, {"chunk_id": "45661838dc7519b8", "content": "The Group assesses the services promised in a contract and identifies distinct performance obligations in the contract. The Group allocates the transaction price to each distinct performance obligation based on the relative standalone selling price. The price that is regularly charged for an item when sold separately is the best evidence of its standalone selling price. In the absence of such evidence, the primary method used to estimate standalone selling price is the expected cost plus a margin, under which the Group estimates the cost of satisfying the performance obligation and then adds an appropriate margin based on similar services. The Group’s contracts may include variable consideration including rebates, volume discounts and penalties. The Group includes variable consideration as part of transaction price when there is a basis to reasonably estimate the amount of the variable consideration and when it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is resolved.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 369, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c78cbf09d5de7b4a"}, {"chunk_id": "a3f4818ce32429fe", "content": "Revenue on time-and-material and unit of work based contracts, are recognized as the related services are performed. Fixed price maintenance revenue is recognized ratably either on a straight-line basis when services are performed through an indefinite number of repetitive acts over a specified period or ratably using a percentage of completion method when the pattern of benefits from the services rendered to the customer and the Group’s costs to fulfil the contract is not even through the period of contract because the services are generally discrete in nature and not repetitive. Revenue from other fixed-price, fixed-timeframe contracts, where the performance obligations are satisfied over time is recognized using the percentage-of-completion method. Efforts or costs expended are used to determine progress towards completion as there is a direct relationship between input and productivity. Progress towards completion is measured as the ratio of costs or efforts incurred to date (representing work performed) to the estimated total costs or efforts. Estimates of transaction price and total costs or efforts are continuously monitored over the term of the contracts and are recognized in net profit in the period when these estimates change or when the estimates are revised. Revenues and the estimated total costs or efforts are subject to revision as the contract progresses.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 370, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "522f8f5ea610f6c1"}, {"chunk_id": "99ae5e487f54f472", "content": "estimates are revised. Revenues and the estimated total costs or efforts are subject to revision as the contract progresses. Provisions for estimated losses, if any, on incomplete contracts are recorded in the period in which such losses become probable based on the estimated efforts or costs to complete the contract. The billing schedules agreed with customers include periodic performance based billing and / or milestone based progress billings. Revenues in excess of billing are classified as unbilled revenue while billing in excess of revenues are classified as contract liabilities (which we refer to as unearned revenues). In arrangements for software development and related services and maintenance services, by applying the revenue recognition criteria for each distinct performance obligation, the arrangements with customers generally meet the criteria for considering software development and related services as distinct performance obligations. For allocating the transaction price, the Group measures the revenue in respect of each performance obligation of a contract at its relative standalone selling price. The price that is regularly charged for an item when sold separately is the best evidence of its standalone selling price. In cases where the Group is unable to determine the standalone selling price, the Group uses the expected cost plus margin approach in estimating the standalone selling price.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 370, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "522f8f5ea610f6c1"}, {"chunk_id": "aaa902935131c61f", "content": "In cases where the Group is unable to determine the standalone selling price, the Group uses the expected cost plus margin approach in estimating the standalone selling price. For software development and related services, the performance obligations are satisfied as and when the services are rendered since the customer generally obtains control of the work as it progresses. Certain cloud and infrastructure services contracts include multiple elements which may be subject to other specific accounting guidance, such as leasing guidance. These contracts are accounted in accordance with such specific accounting guidance. In such arrangements where the Group is able to determine that hardware and services are distinct performance obligations, it allocates the consideration to these performance obligations on a relative standalone selling price basis. In the absence of standalone selling price, the Group uses the expected cost-plus margin approach in estimating the standalone selling price. When such arrangements are considered as a single performance obligation, revenue is recognized over the period and measure of progress is determined  based on promise in the contract. Revenue from licenses where the customer obtains a “right to use” the licenses is recognized at the time the license are made available to the customer. Revenue from licenses where the customer obtains a “right to access” is recognized over the access period.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 370, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "522f8f5ea610f6c1"}, {"chunk_id": "d56f6a4cd252e11e", "content": "Revenue from licenses where the customer obtains a “right to access” is recognized over the access period. Arrangements to deliver software products generally have three elements: license, implementation and Annual Technical Services (ATS).When implementation services are provided in conjunction with the licensing arrangement and the license and implementation have been identified as two distinct separate performance obligations, the transaction price for such contracts are allocated to each performance obligation of the contract based on their relative standalone selling prices. In the absence of standalone selling price for implementation, the Group uses the expected cost plus margin approach in estimating the standalone selling price. Where the license is required to be substantially customized as part of the implementation service the entire arrangement fee for license and implementation is considered to be a single performance obligation and the revenue is recognized using the percentage-of-completion method as the implementation is performed. Revenue from client training, support and other services arising due to the sale of software products is recognized as the performance obligations are satisfied. ATS revenue is recognized ratably on a straight line basis over the period in which the services are rendered.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 370, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "522f8f5ea610f6c1"}, {"chunk_id": "e13c14163a32660a", "content": "recognized as the performance obligations are satisfied. ATS revenue is recognized ratably on a straight line basis over the period in which the services are rendered. Contracts with customers includes subcontractor services or third-party vendor equipment or software in certain integrated services arrangements. In these types of arrangements, revenue from sales of third-party vendor products or services is recorded net of costs when the Group is acting as an agent between the customer and the vendor, and gross when the Group is the principal for the transaction. In doing so, the Group first evaluates whether it obtains control of the specified goods or services before they are transferred to the customer. The Group considers whether it is primarily responsible for fulfilling the promise to provide the specified goods or services, inventory risk, pricing discretion and other factors to determine whether it controls the specified goods or services and therefore, is acting as a principal or an agent. A contract modification is a change in the scope or price or both of a contract that is approved by the parties to the contract. A contract modification that results in the addition of distinct performance obligations are accounted for either as a separate contract if the additional services are priced at the standalone selling price or as a termination of the existing", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 370, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "522f8f5ea610f6c1"}, {"chunk_id": "4f6c5113a159a7a7", "content": "distinct performance obligations are accounted for either as a separate contract if the additional services are priced at the standalone selling price or as a termination of the existing contract and creation of a new contract if they are not priced at the standalone selling price. If the modification does not result in a distinct performance obligation, it is accounted for as part of the existing contract on a cumulative catch-up basis. The incremental costs of obtaining a contract (i.e., costs that would not have been incurred if the contract had not been obtained) are recognized as an asset if the Group expects to recover them.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 370, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "522f8f5ea610f6c1"}, {"chunk_id": "ec72cf50eea2e197", "content": "Certain eligible, nonrecurring costs (e.g. set-up or transition or transformation costs) that do not represent a separate performance obligation are recognized as an asset when such costs (a) relate directly to the contract; (b) generate or enhance resources of the Group that will be used in satisfying the performance obligation in the future; and (c) are expected to be recovered. Capitalized contract costs relating to upfront payments to customers are amortized to revenue and other capitalized costs are amortized to expenses over the respective contract life on a systematic basis consistent with the transfer of goods or services to customer to which the asset relates. Capitalized costs are monitored regularly for impairment. Impairment losses are recorded when present value of projected remaining operating cash flows is not sufficient to recover the carrying amount of the capitalized costs. The Group presents revenues net of indirect taxes in its Consolidated Statement of Profit and Loss. Revenue from operation for the three months and year ended March 31, 2025 and March 31, 2024 are as follows: (In ₹ crore) Particulars Three months ended March 31, 2025 2024 2025 2024 Revenue from software services 38,999 36,064 155,395                145,285 Revenue from products and platforms 1,926 1,859 7,595                    8,385 Total revenue from  operations 40,925                           37,923               162,990                153,670", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 371, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c5231e5f8b75f03b"}, {"chunk_id": "8715485dce2f56de", "content": "Revenue from products and platforms 1,926 1,859 7,595                    8,385 Total revenue from  operations 40,925                           37,923               162,990                153,670 The Group also derives revenues from the sale of products and platforms like Finacle – core banking solution, Edge Suite of products, Panaya platform, Stater digital platform and Infosys McCamish – insurance platform. Disaggregated revenue information Revenue disaggregation by business segments has been included in segment information (Refer to Note 2.23) . The table below presents disaggregated revenues from contracts with customers by geography and contract type. The Group believes that this disaggregation best depicts how the nature, amount, timing and uncertainty of revenues and cash flows are affected by industry, market and other economic factors. (In ₹ crore) Particulars For the three months and year ended March 31, 2025 and March 31, 2024: Year ended March 31, Three months ended March 31, 2025 2024 2025 2024 Revenues by Geography* North America 23,344                           22,606                 94,397                  92,411 Europe 12,771                           10,861                 48,595                  42,267 India 1,206                                833                  5,014                    3,881 Rest of the world 3,604                             3,623                 14,984                  15,111", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 371, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c5231e5f8b75f03b"}, {"chunk_id": "e0a5bf6e104b4f16", "content": "India 1,206                                833                  5,014                    3,881 Rest of the world 3,604                             3,623                 14,984                  15,111 * Geographical revenue is based on the domicile of customer Total 40,925                           37,923               162,990                153,670 The percentage of revenue from fixed-price contracts for the quarter ended March 31, 2025 and March 31, 2024 is 54% and 54%, respectively. The percentage of revenue from fixed- price contracts for the year ended March 31, 2025 and March 31, 2024 is 54% and 53%, respectively. Trade Receivables and Contract Balances The timing of revenue recognition, billings and cash collections results in receivables, unbilled revenue, and unearned revenue on the Group’s Consolidated Balance Sheet. Amounts are billed as work progresses in accordance with agreed-upon contractual terms, either at periodic intervals (e.g., monthly or quarterly) or upon achievement of contractual milestones. The Group’s receivables are rights to consideration that are unconditional. Unbilled revenues comprising revenues in excess of billings from time and material contracts and fixed price maintenance contracts are classified as financial asset when the right to consideration is unconditional and is due only after a passage of time.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 371, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c5231e5f8b75f03b"}, {"chunk_id": "d98c5ae1e1f95530", "content": "price maintenance contracts are classified as financial asset when the right to consideration is unconditional and is due only after a passage of time. Invoicing to the clients for other fixed price contracts is based on milestones as defined in the contract and therefore the timing of revenue recognition is different from the timing of invoicing to the customers. Therefore unbilled revenues for other fixed price contracts (contract asset) are classified as non-financial asset because the right to consideration is dependent on completion of contractual milestones. Invoicing in excess of earnings are classified as unearned revenue. Trade receivables and unbilled revenues are presented net of impairment in the consolidated Balance Sheet. 2.17 OTHER INCOME, NET Other income is comprised primarily of interest income, dividend income, gain/loss on investment and exchange gain/loss on forward and options contracts and on translation of foreign currency assets and liabilities. Interest income is recognized using the effective interest method. Dividend income is recognized when the right to receive payment is established. The functional currency of Infosys, its Indian subsidiaries and controlled trusts is the Indian rupee. The functional currencies for foreign subsidiaries are their respective local currencies. These financial statements are presented in Indian rupees (rounded off to crore; one crore equals ten million).", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 371, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c5231e5f8b75f03b"}, {"chunk_id": "8aed0de502a3bd23", "content": "The functional currencies for foreign subsidiaries are their respective local currencies. These financial statements are presented in Indian rupees (rounded off to crore; one crore equals ten million). Transactions and translations Foreign-currency denominated monetary assets and liabilities are translated into the relevant functional currency at exchange rates in effect at the Balance Sheet date. The gains or losses resulting from such translations are recognized in the Condensed Consolidated Statement of Profit and Loss and reported within exchange gains/ (losses) on translation of assets and liabilities, net, except when deferred in Other Comprehensive Income as qualifying cash flow hedges. Non-monetary assets and non-monetary liabilities denominated in a foreign currency and measured at fair value are translated at the exchange rate prevalent at the date when the fair value was determined. Non-monetary assets and non-monetary liabilities denominated in a foreign currency and measured at historical cost are translated at the exchange rate prevalent at the date of transaction. The related revenue and expense are recognized using the same exchange rate. Transaction gains or losses realized upon settlement of foreign currency transactions are included in determining net profit for the period in which the transaction is settled.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 371, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c5231e5f8b75f03b"}, {"chunk_id": "05e6e1067285f184", "content": "Transaction gains or losses realized upon settlement of foreign currency transactions are included in determining net profit for the period in which the transaction is settled. Revenue, expense and cash-flow items denominated in foreign currencies are translated into the relevant functional currencies using the exchange rate in effect on the date of the transaction.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 371, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c5231e5f8b75f03b"}, {"chunk_id": "3c15b45f41914b70", "content": "The translation of financial statements of the foreign subsidiaries to the presentation currency is performed for assets and liabilities using the exchange rate in effect at the Balance Sheet date and for revenue, expense and cash-flow items using the average exchange rate for the respective periods. The gains or losses resulting from such translation are included in currency translation reserves under other components of equity. When a subsidiary is disposed off, in full, the relevant amount is transferred to net profit in the Condensed Consolidated Statement of Profit and Loss. However when a change in the parent's ownership does not result in loss of control of a subsidiary, such changes are recorded through equity. Other Comprehensive Income, net of taxes includes translation differences on non-monetary financial assets measured at fair value at the reporting date, such as equities classified as financial instruments and measured at fair value through other comprehensive income (FVOCI). Goodwill and fair value adjustments arising on the acquisition of a foreign entity are treated as assets and liabilities of the foreign entity and translated at the exchange rate in effect at the Balance Sheet date. The Group recognizes government grants only when there is reasonable assurance that the conditions attached to them shall be complied with, and the grants will be received.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 372, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3aa35ad623ba756d"}, {"chunk_id": "35d790159debcd42", "content": "The Group recognizes government grants only when there is reasonable assurance that the conditions attached to them shall be complied with, and the grants will be received. Government grants related to assets are treated as deferred income and are recognized in net profit in the Consolidated Statement of Profit and Loss on a systematic and rational basis over the useful life of the asset. Government grants related to revenue are recognized on a systematic basis in net profit in the Consolidated Statement of Profit and Loss over the periods necessary to match them with the related costs which they are intended to compensate. Other income for the three months and year ended March 31, 2025 and March 31, 2024 is as follows: (In ₹ crore) Particulars Three months ended March 31, 2025 2024 2025 2024 Interest income on financial assets carried at amortized cost Tax free bonds and Government bonds 30 31 122                     131 Deposit with Bank and others 386 222 1,401                     929 Interest income on financial assets carried at fair value through other comprehensive income Non-convertible debentures, commercial paper, certificates of deposit and government securities Income on investments carried at fair value through profit or loss Gain / (loss) on liquid mutual funds and other investments 54 88 287 285 —                         —                                2                       —", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 372, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3aa35ad623ba756d"}, {"chunk_id": "96d9b8a5510cfd49", "content": "Gain / (loss) on liquid mutual funds and other investments 54 88 287 285 —                         —                                2                       — Income on investments carried at amortized cost Income on investments carried at fair value through other comprehensive income Interest on income tax refund Gain/(loss) on tax free bond 4                         —                                4                       — 328                    1,916                            343                  1,965 (70) 190 (205) 100 180 (123) 464                       87 Miscellaneous income, net (27) 87 135                     207 Exchange gains / (losses) on translation of other assets and liabilities Exchange gains / (losses) on forward and options contracts Total other income 1,190                    2,729                         3,600                  4,711 Gratuity and Pensions The Group provides for gratuity, a defined benefit retirement plan ('the Gratuity Plan') covering eligible employees majorly of Infosys and its Indian subsidiaries. The Gratuity Plan provides a lump-sum payment to vested employees at retirement, death, incapacitation or termination of employment, of an amount based on the respective employee's salary and the tenure of employment with the Group. The Company contributes Gratuity liabilities to the Infosys Limited Employees' Gratuity Fund Trust (the Trust).", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 372, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3aa35ad623ba756d"}, {"chunk_id": "cd8a7e811b0e602e", "content": "respective employee's salary and the tenure of employment with the Group. The Company contributes Gratuity liabilities to the Infosys Limited Employees' Gratuity Fund Trust (the Trust). In case of Infosys BPM and EdgeVerve, contributions are made to the Infosys BPM Employees' Gratuity Fund Trust and EdgeVerve Systems Limited Employees' Gratuity Fund Trust, respectively. Trustees administer contributions made to the Trusts and contributions are invested in a scheme with the Life Insurance Corporation of India as permitted by Indian law. The Group operates defined benefit pension plan in certain overseas jurisdictions, in accordance with the local laws. These plans are managed by third party fund managers. The plans provide for periodic payouts after retirement and/or for a lumpsum payment as set out in rules of each fund and includes death and disability benefits. The defined benefit plans require contributions which are based on a percentage of salary that varies depending on the age of the respective employees. Liabilities with regard to these defined benefit plans are determined by actuarial valuation, performed by an external actuary, at each Balance Sheet date using the projected unit credit method. These defined benefit plans expose the Group to actuarial risks, such as longevity risk,  interest rate risk and market risk.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 372, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3aa35ad623ba756d"}, {"chunk_id": "414a76bb0a7bf8dd", "content": "projected unit credit method. These defined benefit plans expose the Group to actuarial risks, such as longevity risk,  interest rate risk and market risk. The Group recognizes the net obligation of a defined benefit plan in its Balance Sheet as an asset or liability. Gains and losses through re-measurements of the net defined benefit liability / (asset) are recognized in other comprehensive income and are not reclassified to profit or loss in subsequent periods. The actual return of the portfolio of plan assets, in excess of the yields computed by applying the discount rate used to measure the defined benefit obligation is recognized in other comprehensive income. The effect of any plan amendments is recognized in net profit in the Consolidated Statement of Profit and Loss. Eligible employees of Infosys receive benefits from a provident fund, which is a defined benefit plan. Both the eligible employee and the Company make monthly contributions to the provident fund plan equal to a specified percentage of the covered employee's salary. The Company contributes a portion to the Infosys Limited Employees' Provident Fund Trust. The trust invests in specific designated instruments as permitted by Indian law. The remaining portion is contributed to the government administered pension fund. The rate at which the annual interest is payable to the beneficiaries by the trust is being administered by the Government of India.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 372, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3aa35ad623ba756d"}, {"chunk_id": "c8b478b3e21449b9", "content": "government administered pension fund. The rate at which the annual interest is payable to the beneficiaries by the trust is being administered by the Government of India. The Company has an obligation to make good the shortfall, if any, between the return from the investments of the trust and the notified interest rate.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 372, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3aa35ad623ba756d"}, {"chunk_id": "346ee577d181a371", "content": "In respect of Indian subsidiaries, eligible employees receive benefits from a provident fund, which is a defined contribution plan. Both the eligible employee and the respective companies make monthly contributions to this provident fund plan equal to a specified percentage of the covered employee's salary. Amounts collected under the provident fund plan are deposited in a government administered provident fund. The Companies have no further obligation to the plan beyond its monthly contributions. Certain employees of Infosys, Infosys BPM and EdgeVerve are participants in a defined contribution plan. The Group has no further obligations to the plan beyond its monthly contributions which are periodically contributed to a trust fund, the corpus of which is invested with the Life Insurance Corporation of India. The Group has a policy on compensated absences which are both accumulating and non-accumulating in nature. The expected cost of accumulating compensated absences is determined by actuarial valuation performed by an external actuary at each Balance Sheet date using projected unit credit method on the additional amount expected to be paid/availed as a result of the unused entitlement that has accumulated at the Balance Sheet date. Expense on non-accumulating compensated absences is recognized in the period in which the absences occur. 2025 2024 2025 2024 Employee benefit expenses Three months ended March 31,", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 373, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e6bf9a4ef9995dbb"}, {"chunk_id": "427b99a1788661e3", "content": "Expense on non-accumulating compensated absences is recognized in the period in which the absences occur. 2025 2024 2025 2024 Employee benefit expenses Three months ended March 31, Salaries including bonus 21,059                  19,527                       82,232                79,315 Contribution to provident and other funds 599                       529                         2,338                  2,213 Share based payments to employees (Refer to Note 2.11) 198                       225                            802                     652 Staff welfare 159                       112                            578                     440 22,015                  20,393                       85,950                82,620 Cost of software packages and others For own use 655 555 2,467                  2,145 Third party items bought for service delivery to clients 3,244 3132 13,444                11,370 3,899                    3,687                       15,911                13,515 Repairs and maintenance 322 316 1,320                  1,278 Power and fuel 50 49 222                     199 Brand and marketing 344 285 1,223                  1,007 Rates and taxes 77 84 346                     326 Consumables 66 47 227                     170 Insurance 73 53 301                     210 Provision for post-sales client support and others (228) -129                          (110)                       75 Commission to non-whole time directors 5 5", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 373, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e6bf9a4ef9995dbb"}, {"chunk_id": "88234423b6d57688", "content": "Insurance 73 53 301                     210 Provision for post-sales client support and others (228) -129                          (110)                       75 Commission to non-whole time directors 5 5 18                       16 Impairment loss recognized / (reversed) under expected credit loss model (53) -98 48                     121 Contributions towards Corporate Social Responsibility 92 182 585                     533 Others 145 191 607                     781 893                       985                         4,787                  4,716 The Group as a lessee The Group’s lease asset classes primarily consist of leases for land, buildings and computers. The Group assesses whether a contract contains a lease, at inception of a contract. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, the group assesses whether: (1) the contract involves the use of an identified asset (2) the Group has substantially all of the economic benefits from use of the asset through the period of the lease and (3) the Group has the right to direct the use of the asset. At the date of commencement of the lease, the Group recognizes a right-of-use asset (“ROU”) and a corresponding lease liability for all lease arrangements in which it", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 373, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e6bf9a4ef9995dbb"}, {"chunk_id": "30e6ca9c5bfdecf8", "content": "of the asset. At the date of commencement of the lease, the Group recognizes a right-of-use asset (“ROU”) and a corresponding lease liability for all lease arrangements in which it is a lessee, except for leases with a term of twelve months or less (short-term leases) and low value leases. For these short-term and low value leases, the Group recognizes the lease payments as an operating expense on a straight-line basis over the term of the lease. As a lessee, the Group determines the lease term as the non-cancellable period of a lease adjusted with any option to extend or terminate the lease, if the use of such option is reasonably certain. The Group makes an assessment on the expected lease term on a lease-by-lease basis and thereby assesses whether it is reasonably certain that any options to extend or terminate the contract will be exercised. In evaluating the lease term, the Group considers factors such as any significant leasehold improvements undertaken over the lease term, costs relating to the termination of the lease and the importance of the underlying asset to Group’s operations taking into account the location of the underlying asset and the availability of suitable alternatives. The lease term in future periods is reassessed to ensure that the lease term reflects the current economic circumstances.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 373, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e6bf9a4ef9995dbb"}, {"chunk_id": "93b387779e9182dc", "content": "The lease term in future periods is reassessed to ensure that the lease term reflects the current economic circumstances. Certain lease arrangements includes the options to extend or terminate the lease before the end of the lease term. ROU assets and lease liabilities includes these options when it is reasonably certain that they will be exercised. The right-of-use assets are initially recognized at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or prior to the commencement date of the lease plus any initial direct costs less any lease incentives. They are subsequently measured at cost less accumulated depreciation and impairment losses. Right-of-use assets are depreciated from the commencement date on a straight-line basis over the shorter of the lease term and useful life of the underlying asset. Right-of-use assets are evaluated for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value less cost to sell and the value-in-use) is determined on an individual asset basis unless the asset does not generate cash flows that are largely independent of those from other assets. In such cases, the recoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 373, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e6bf9a4ef9995dbb"}, {"chunk_id": "0796ac524ab64bad", "content": "The lease liability is initially measured at amortized cost at the present value of the future lease payments. The lease payments are discounted using the interest rate implicit in the lease or, if not readily determinable, using the incremental borrowing rates in the country of domicile of these leases. Lease liabilities are remeasured with a corresponding adjustment to the related right-of-use asset if the Group changes its assessment if whether it will exercise an extension or a termination option. Lease liability and ROU asset have been separately presented in the Balance Sheet and lease payments have been classified as financing cash flows. The Group as a lessor Leases for which the Group is a lessor is classified as a finance or operating lease. Whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee, the contract is classified as a finance lease. All other leases are classified as operating leases. When the Group is an intermediate lessor, it accounts for its interests in the head lease and the sublease separately. The sublease is classified as a finance or operating lease by reference to the right-of-use asset arising from the head lease. For operating leases, rental income is recognized on a straight line basis over the term of the relevant lease. (In ₹ crore)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 374, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "748a51b436742e6a"}, {"chunk_id": "724a06fcfdf0ea2f", "content": "lease by reference to the right-of-use asset arising from the head lease. For operating leases, rental income is recognized on a straight line basis over the term of the relevant lease. (In ₹ crore) Following are the changes in the carrying value of right-of-use assets for the three months ended March 31, 2025: Category of ROU asset Land Buildings Vehicles Computers Total Balance as of January 1, 2025 601                    3,339                         24                         2,381                  6,345 Additions* —                       284                           2                            370                     656 Deletions —                     (104)                         —                          (192)                   (296) Depreciation (1)                     (180)                         (3)                          (223)                   (407) Translation difference —                           9                           1                                3                       13 Balance as of March 31, 2025 600                    3,348                         24                         2,339                  6,311 * Net of adjustments on account of modifications. Following are the changes in the carrying value of right-of-use assets for the three months ended March 31, 2024: Land Buildings Vehicles Computers Total Category of ROU asset Balance as of January 1, 2024", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 374, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "748a51b436742e6a"}, {"chunk_id": "62adea4ba7624406", "content": "Following are the changes in the carrying value of right-of-use assets for the three months ended March 31, 2024: Land Buildings Vehicles Computers Total Category of ROU asset Balance as of January 1, 2024 607                    3,527                         18                         2,740                  6,892 Additions* —                         61                           2                            376                     439 Deletions —                       (92)                         —                          (215)                   (307) Impairment —                         —                         —                              —                       — Depreciation (2)                     (185)                         (2)                          (234)                   (423) Translation difference —                       (13)                         (1)                             (35)                     (49) Balance as of March 31, 2024 605                    3,298                         17                         2,632                  6,552 * Net of adjustments on account of modifications Following are the changes in the carrying value of right-of-use assets for the year ended March 31, 2025: (In ₹ crore) Category of ROU asset Land Buildings Vehicles Computers Total Balance as of April 1, 2024 605                    3,298                         17                         2,632                  6,552 Additions*", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 374, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "748a51b436742e6a"}, {"chunk_id": "34fa74840f26d6a3", "content": "Category of ROU asset Land Buildings Vehicles Computers Total Balance as of April 1, 2024 605                    3,298                         17                         2,632                  6,552 Additions* —                       816                         13                         1,306                  2,135 Addition due to Business Combination (Refer to Note 2.1) —                       155                           5                              —                     160 Deletions —                     (236)                         (6)                          (652)                   (894) Depreciation (6)                     (714)                       (11)                          (965)                (1,696) Translation difference 1                         29                           6                              18                       54 Balance as of March 31, 2025 600                    3,348                         24                         2,339                  6,311 * Net of adjustments on account of modifications. Following are the changes in the carrying value of right-of-use assets for the year ended March 31, 2024: (In ₹ crore) Category of ROU asset Land Buildings Vehicles Computers Total Balance as of April 1, 2023 623                    3,896                         15                         2,348                  6,882 Additions*", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 374, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "748a51b436742e6a"}, {"chunk_id": "19a82340a4725c9e", "content": "Category of ROU asset Land Buildings Vehicles Computers Total Balance as of April 1, 2023 623                    3,896                         15                         2,348                  6,882 Additions* —                       394                         12                         1,872                  2,278 Deletions (10)                     (181)                         (1)                          (755)                   (947) Impairment —                       (88)                         —                              —                     (88) Depreciation (6)                     (728)                       (10)                          (851)                (1,595) Translation difference (2)                           5                           1                              18                       22 Balance as of March 31, 2024 605                    3,298                         17                         2,632                  6,552 * Net of adjustments on account of modifications and lease incentives The aggregate depreciation expense on ROU assets is included under depreciation and amortization expense in the interim condensed Consolidated Statement of Profit and Loss. The following is the break-up of current and non-current lease liabilities as at March 31, 2025 and March 31, 2024:", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 374, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "748a51b436742e6a"}, {"chunk_id": "d727a392a43cee3a", "content": "March 31, 2025 March 31, 2024 Current lease liabilities 2,455                  1,959 Non-current lease liabilities 5,772                  6,400 Total 8,227                  8,359 2.20 EARNINGS PER EQUITY SHARE Basic earnings per equity share is computed by dividing the net profit attributable to the equity holders of the Group by the weighted average number of equity shares outstanding during the period. Diluted earnings per equity share is computed by dividing the net profit attributable to the equity holders of the Group by the weighted average number of equity shares considered for deriving basic earnings per equity share and also the weighted average number of equity shares that could have been issued upon conversion of all dilutive potential equity shares. The dilutive potential equity shares are adjusted for the proceeds receivable had the equity shares been actually issued at fair value (i.e. the average market value of the outstanding equity shares). Dilutive potential equity shares are deemed converted as at the beginning of the period, unless issued at a later date. Dilutive potential equity shares are determined independently for each period presented. The number of equity shares and potentially dilutive equity shares are adjusted retrospectively for all periods presented for any share splits and bonus shares", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 376, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9bea9735a7a22494"}, {"chunk_id": "3b190e139de1edd3", "content": "independently for each period presented. The number of equity shares and potentially dilutive equity shares are adjusted retrospectively for all periods presented for any share splits and bonus shares issues including for changes effected prior to the approval of the financial statements by the Board of Directors. 2.21 CONTINGENT LIABILITIES AND COMMITMENTS Contingent liability is a possible obligation arising from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity or a present obligation that arises from past events but is not recognized because it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation or the amount of the obligation cannot be measured with sufficient reliability. 2.21.1 Contingent liability March 31, 2025 March 31, 2024 Contingent liabilities : Claims against the Group, not acknowledged as debts(1) 2,953                       3,583 [Amount paid to statutory authorities ₹4,207 crore (₹8,754 crore) ] (1) As at March 31, 2025 and March 31, 2024, claims against the Group not acknowledged as debts in respect of income tax matters amounted to ₹1,933 crore and ₹2,794 crore, respectively. The claims against the Group primarily represent demands arising on completion of assessment proceedings under the Income Tax Act, 1961.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 376, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9bea9735a7a22494"}, {"chunk_id": "ea239044f2ba2bc0", "content": "and ₹2,794 crore, respectively. The claims against the Group primarily represent demands arising on completion of assessment proceedings under the Income Tax Act, 1961. These claims are on account of issues of disallowance of expenditure towards software being held as capital in nature, payments made to Associated Enterprises held as liable for withholding of taxes, among others. These matters are pending before various Income Tax Authorities and the Management including its tax advisors expect that its position will likely be upheld on ultimate resolution and will not have a material adverse effect on the Group's financial position and results of operations. Amount paid to statutory authorities against the tax claims amounted to ₹4,199 crore and ₹8,743 crore as at March 31, 2025 and March 31, 2024, respectively. 2.21.2 Legal Proceedings McCamish Cybersecurity incident In November 2023, certain systems of Infosys McCamish Systems LLC (“McCamish”), a subsidiary of Infosys BPM Limited (a wholly owned subsidiary of Infosys Limited), were encrypted by ransomware, resulting in the non-availability of certain applications and systems. McCamish initiated its incident response and engaged cybersecurity and other specialists to assist in its investigation of and response to the incident and remediation and restoration of impacted applications and systems.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 376, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9bea9735a7a22494"}, {"chunk_id": "9d149211c43e979e", "content": "response and engaged cybersecurity and other specialists to assist in its investigation of and response to the incident and remediation and restoration of impacted applications and systems. By December 31, 2023, McCamish, with external specialists’ assistance, substantially remediated and restored the affected applications and systems. Actions taken by McCamish included investigative analysis conducted by a third-party cybersecurity firm to determine, among other things, whether and the extent to which company or customer data was subject to unauthorized access or exfiltration. McCamish also engaged a third-party eDiscovery vendor in assessing the extent and nature of such data. McCamish in coordination with its third-party eDiscovery vendor has identified corporate customers and individuals whose information was subject to unauthorized access and exfiltration. McCamish processes personal data on behalf of its corporate customers. From March 6, 2024 through July 25, 2024, six actions were filed in the U.S. District Court for the Northern District of Georgia against McCamish. The actions arise out of the cybersecurity incident at McCamish initially disclosed on November 3, 2023. All six actions have since been consolidated, and the consolidated class action complaint was filed on November 7, 2024, purportedly on behalf of all persons residing in the United States whose personally", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 376, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9bea9735a7a22494"}, {"chunk_id": "0937ebac1838cd83", "content": "All six actions have since been consolidated, and the consolidated class action complaint was filed on November 7, 2024, purportedly on behalf of all persons residing in the United States whose personally identifiable information was compromised in the incident, including all who were sent a notice of the incident. On December 20, 2024, the Court granted the parties’ joint motion to stay proceedings pending the parties’ efforts to resolve the lawsuit through mediation. On March 13, 2025, McCamish and the plaintiffs engaged in mediation, resulting in an in-principle agreement that sets forth the terms of a proposed settlement of the class action lawsuits against McCamish, as well as seven class action lawsuits arising out of the incident that have been filed against McCamish’s customers. Under the settlement terms, McCamish has agreed to pay $17.5 million (approximately ₹150 crore) into a fund to settle these matters. The agreed terms are subject to finalization of the terms of the settlement agreement, and preliminary and final court approval. If approved, the settlement will resolve all allegations made in the class action lawsuits without admission of any liability. McCamish has recorded an accrual of $17.5 million (approximately ₹150 crore) related to the settlement. McCamish has recognized an insurance", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 376, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9bea9735a7a22494"}, {"chunk_id": "e5bb39f5b850300e", "content": "lawsuits without admission of any liability. McCamish has recorded an accrual of $17.5 million (approximately ₹150 crore) related to the settlement. McCamish has recognized an insurance reimbursement receivable of $17 million (approximately ₹145 crore) which has been offset against the settlement expense of $17.5 million (approximately ₹150 crore) in the Statement of Profit and Loss. McCamish may incur additional costs including from indemnities or damages/claims, which are indeterminable at this time. Apart from legal proceedings and claims arising from the McCamish cybersecurity incident, the Group is subject to legal proceedings and claims which have arisen in the ordinary course of business. The Group’s management reasonably expects that such ordinary course legal actions, when ultimately concluded and determined, will not have a material and adverse effect on the Group’s results of operations or financial condition. March 31, 2025 March 31, 2024 Estimated amount of contracts remaining to be executed on capital contracts and not provided for (net of advances and deposits)(1) 935                          780 Other commitments* 122                            79", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 376, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9bea9735a7a22494"}, {"chunk_id": "692f50788410fb84", "content": "(1) Capital contracts primarily comprises of commitments for infrastructure facilities and computer equipment. * Uncalled capital pertaining to investments 2.22  RELATED PARTY TRANSACTIONS Refer Note 2.20 \"Related party transactions\" in the Company’s 2024 Annual Report on Form 20-F for the full names and other details of the Company's subsidiaries and controlled trusts. Changes in Subsidiaries During the year ended March 31, 2025, the following are the changes in the subsidiaries: Danske IT and Support Services India Private Limited renamed as IDUNN Information Technology Private Limited On May 10, 2024 Infosys Ltd. acquired 100% of voting interests in InSemi Technology Services Private Limited along with its subsidiary Elbrus Labs Private Limited Infosys Services (Thailand) Limited, a Wholly-owned subsidiary of Infosys Limited was incorporated on July 26, 2024. Infy tech SAS, a Wholly-owned subsidiary of Infosys Singapore Pte Limited was incorporated on July 03, 2024. On July 17, 2024, Infosys Germany GmbH, a wholly owned subsidiary of Infosys Singapore Pte. Limited, acquired 100% of voting interests in in- tech Holding GmbH along with its subsidiary in-tech GmbH along with its six subsidiaries in-tech Automotive Engineering SL, ProIT, in-tech Automotive Engineering de R.L. de C.V, drivetech Fahrversuch GmbH, Friedrich Wagner Holding Inc along with its two subsidiaries (in-tech", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 378, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a575dfc201d0ae15"}, {"chunk_id": "1bb2cda3afd2d6d2", "content": "Automotive Engineering de R.L. de C.V, drivetech Fahrversuch GmbH, Friedrich Wagner Holding Inc along with its two subsidiaries (in-tech Automotive Engineering LLC and in-tech Services LLC) and Friedrich & Wagner Asia Pacific GmbH along with its five subsidiaries in-tech engineering s.r.o, in-tech engineering GmbH, in-tech engineering services S.R.L, in-tech Group Ltd along with its subsidiary (in-tech Group India Private Limited) and In-tech Automotive Engineering Shenyang Co., Ltd along with its subsidiary (In-tech Automotive Engineering Beijing Co., Ltd). Subsequently on September 01, 2024 in-tech Group India Private Limited became a wholly-owned subsidiary of Infosys limited. On October 17, 2024, Infosys Singapore Pte Ltd. acquired 100% of voting interests in Blitz 24-893 SE ,Germany Skava systems Private Limited,  a wholly-owned subsidiary of Infosys ltd has been liquidated effective November 14, 2024 Friedrich Wagner Holding Inc, a wholly-owned subsidiary of in-tech GmbH is under liquidation. in-tech Automotive Engineering de. R L de. C V, a wholly-owned subsidiary of in-tech GmbH is under liquidation. in-tech Services LLC, a wholly-owned subsidiary of Friedrich Wagner Holding Inc has been liquidated effective November 30, 2024 in-tech Automotive Engineering LLC, a wholly-owned subsidiary of Friedrich Wagner Holding Inc has been liquidated effective November 30, 2024", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 378, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a575dfc201d0ae15"}, {"chunk_id": "4eaf0e418399fb06", "content": "in-tech Automotive Engineering LLC, a wholly-owned subsidiary of Friedrich Wagner Holding Inc has been liquidated effective November 30, 2024 Infosys Consulting S.r.l. (Romania) renamed as Infosys Romania S.r.l. Kaleidoscope Animations, a wholly-owned subsidiary of Infosys Nova Holdings LLC merged into Infosys Nova Holdings LLC effective January 1, 2025 Blue Acorn iCi Inc, a wholly-owned subsidiary of Infosys Nova Holdings LLC merged into Infosys Nova Holdings LLC effective January 1, 2025 WongDoody Inc, a wholly-owned subsidiary of Infosys limited merged into Infosys Nova Holdings LLC effective January 1, 2025 Outbox systems Inc. dba Simplus (US), a wholly-owned subsidiary of Infosys Nova Holdings LLC merged into Infosys Nova Holdings LLC effective January 1, 2025 in-tech Holding GmbH, a wholly-owned subsidiary of Infosys Singapore Pte. Limited merged into in-tech GmbH effective January 1, 2025 Friedrich & Wagner Asia Pacific GmbH, a wholly-owned subsidiary of in-tech GmbH merged into in-tech GmbH effective January 1, 2025 Infosys Limited SPC, a Wholly-owned subsidiary of Infosys Limited was incorporated on December 12, 2024. Infosys BPM Netherlands B.V., a Wholly-owned subsidiary of Infosys BPM Limited was incorporated on March 20, 2025. Change in key management personnel The following are the changes in the key management personnel: -", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 378, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a575dfc201d0ae15"}, {"chunk_id": "258d0d793d9bb759", "content": "Change in key management personnel The following are the changes in the key management personnel: - Jayesh Sanghrajka (appointed as Chief Financial Officer effective April 1, 2024) Transaction with key management personnel: The table below describes the compensation to key management personnel which comprise directors and executive officers: (In ₹ crore) Particulars Three months ended March 31, Salaries and other short term employee benefits to whole-time directors and executive officers (1)(2) 33                          30                        118                        113 5                            5                          19                          17 Total 38                          35                        137                        130 Commission and other benefits to non-executive/independent directors (1) Total employee stock compensation expense for the three months ended March 31, 2025 and March 31, 2024 includes a charge of ₹18 crore and ₹17 crore, respectively, towards key management personnel. For the year ended March 31, 2025 and March 31, 2024 includes a charge of ₹70 crore and ₹68 crore, respectively, towards key management personnel. (Refer to Note 2.11) (2) Does not include post-employment benefits and other long-term benefits based on actuarial valuation as these are done for the Company as a whole.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 378, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a575dfc201d0ae15"}, {"chunk_id": "69d02108622c8e48", "content": "(2) Does not include post-employment benefits and other long-term benefits based on actuarial valuation as these are done for the Company as a whole. Ind AS 108, Operating segments, establishes standards for the way that public business enterprises report information about operating segments and related disclosures about products and services, geographic areas, and major customers. The Group's operations predominantly relate to providing end-to-end business solutions to enable clients to enhance business performance. The Chief Operating Decision Maker (CODM) evaluates the Group's performance and allocates resources based on an analysis of various performance indicators by business segments. Accordingly, information has been presented along business segments. The accounting principles used in the preparation of the financial statements are consistently applied to record revenue and expenditure in individual segments, and are as set out in the accounting policies. Business segments of the Group are primarily enterprises in Financial Services and Insurance, enterprises in Manufacturing, enterprises in Retail, Consumer Packaged Goods and Logistics, enterprises in the Energy, Utilities, Resources and Services, enterprises in Communication, Telecom OEM and Media, enterprises in Hi-Tech, enterprises in Life Sciences and Healthcare and all other segments.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 378, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a575dfc201d0ae15"}, {"chunk_id": "a38fe41280c0c562", "content": "enterprises in Life Sciences and Healthcare and all other segments. The Financial services reportable segments has been aggregated to include the Financial Services operating segment and Finacle operating segment because of the similarity of the economic characteristics. All other segments represent the operating segments of businesses in India, Japan, China, Infosys Public Services & other enterprises in Public Services.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 378, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a575dfc201d0ae15"}, {"chunk_id": "c0fbf5089a198568", "content": "Revenue and identifiable operating expenses in relation to segments are categorized based on items that are individually identifiable to that segment. Revenue for 'all other segments' represents revenue generated by Infosys Public services and revenue generated from customers located in India, Japan and China and other enterprises in Public services. Allocated expenses of segments include expenses incurred for rendering services from the Group's offshore software development centers and on-site expenses, which are categorized in relation to the associated efforts of the segment. Certain expenses such as depreciation and amortization, which form a significant component of total expenses, are not specifically allocable to specific segments as the underlying assets are used interchangeably. The Management believes that it is not practical to provide segment disclosures relating to those costs and expenses, and accordingly these expenses are separately disclosed as \"unallocated\" and adjusted against the total income of the Group. Assets and liabilities used in the Group's business are not identified to any of the reportable segments, as these are used interchangeably between segments. The Management believes that it is currently not practicable to provide segment disclosures relating to total assets and liabilities since a meaningful segregation of the available data is onerous.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 380, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "03a3bd6097ea8540"}, {"chunk_id": "7c8afd36fb9bd816", "content": "The Management believes that it is currently not practicable to provide segment disclosures relating to total assets and liabilities since a meaningful segregation of the available data is onerous. Business segment revenue information is collated based on individual customers invoiced or in relation to which the revenue is otherwise recognized. Disclosure of revenue by geographic locations is given in note 2.16 Revenue from operations. Three months ended March 31, 2025 and March 31, 2024: Financial Services (1) Retail (2) Communic Energy, Utilities, Resources and Services Manufacturing Hi-Tech Life Sciences (4) All other segments (5) Revenue from operations 11,614          5,440          4,798            5,308                 6,527          3,397          2,765          1,076              40,925 10,010          5,429          4,666           5,068                5,589          3,316          2,762          1,083             37,923 Identifiable operating expenses 6,665          2,736          3,074            2,771                 4,182          2,005          1,639             613              23,685 6,042          2,591          3,033           2,717                3,656          1,995          1,639             652             22,325 Allocated expenses 2,001          1,064             888               960                 1,149             597             509             198                7,366", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 380, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "03a3bd6097ea8540"}, {"chunk_id": "3117c8615bb96b1a", "content": "Allocated expenses 2,001          1,064             888               960                 1,149             597             509             198                7,366 2,027             974             823              920                   852             518             491             209               6,814 Segment operating income 2,948          1,640             836            1,577                 1,196             795             617             265                9,874 1,941          1,864             810           1,431                1,081             803             632             222               8,784 Unallocable expenses 1,299 1,163 Other income, net 1,190 2,729 Finance cost 102 110 Profit before tax 9,663 10,240 Income tax expense 2,625 2,265 Net Profit 7,038 7,975 Depreciation and amortization 1,299 1,163 Non-cash expenses other than depreciation and amortization — — Year ended March 31, 2025 and March 31, 2024: Financial Services (1) Retail (2) Communic Energy, Utilities, Resources and Services Manufacturing Hi-Tech Life Sciences (4) All other segments (5) Revenue from operations 45,175        22,059        19,108          21,710               25,207        13,090        11,831          4,810            162,990 42,158        22,504        17,991         20,035              22,298        12,411        11,515          4,758           153,670 Identifiable operating expenses", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 380, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "03a3bd6097ea8540"}, {"chunk_id": "5747e0068f06e44b", "content": "42,158        22,504        17,991         20,035              22,298        12,411        11,515          4,758           153,670 Identifiable operating expenses 25,871        10,931        12,420          11,882               16,167          7,592          7,166          2,986              95,015 24,782        11,704        11,071         10,838              14,596          7,232          6,716          2,938             89,877 Allocated expenses 8,205          3,995          3,347            3,731                 4,184          2,278          2,002             997              28,739 8,052          3,918          3,232           3,674                3,505          2,026          1,901          1,060             27,368 Segment operating income 11,099          7,133          3,341            6,097                 4,856          3,220          2,663             827              39,236 9,324          6,882          3,688           5,523                4,197          3,153          2,898             760             36,425 Unallocable expenses 4,812 4,678 Other income, net 3,600 4,711 Finance cost 416 470 Profit before tax 37,608 35,988 Income tax expense 10,858 9,740 Net Profit 26,750 26,248 Depreciation and amortization expense 4,812 4,678 Non-cash expenses other than depreciation and amortization — — (1) Financial Services include enterprises in Financial Services and Insurance", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 380, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "03a3bd6097ea8540"}, {"chunk_id": "fbcf6983aff03fca", "content": "Net Profit 26,750 26,248 Depreciation and amortization expense 4,812 4,678 Non-cash expenses other than depreciation and amortization — — (1) Financial Services include enterprises in Financial Services and Insurance (2)  Retail includes enterprises in Retail, Consumer Packaged Goods and Logistics (3) Communication includes enterprises in Communication, Telecom OEM and Media (4)  Life Sciences includes enterprises in Life sciences and Health care (5)  Others include operating segments of businesses in India, Japan, China, Infosys Public Services & other enterprises in Public Services No client individually accounted for more than 10% of the revenues for the three months and year ended March 31, 2025 and March 31, 2024, respectively. 2.24  FUNCTION WISE CLASSIFICATION OF CONDENSED CONSOLIDATED STATEMENT OF PROFIT AND LOSS Year ended March 31, Three months ended March 31, Revenue from operations 2.16 40,925                   37,923                 162,990                 153,670 Cost of Sales* 28,575                   26,748                 113,347                 107,413 Gross profit 12,350                   11,175                   49,643                   46,257 Selling and marketing expenses 1,957                     1,735                     7,587                     6,973 General and administration expenses 1,818                     1,819                     7,632                     7,537 Total operating expenses", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 380, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "03a3bd6097ea8540"}, {"chunk_id": "af87971d795dc65a", "content": "General and administration expenses 1,818                     1,819                     7,632                     7,537 Total operating expenses 3,775                     3,554                   15,219                   14,510 Operating profit 8,575                     7,621                   34,424                   31,747 Other income, net 2.17 1,190                     2,729                     3,600                     4,711", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 380, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "03a3bd6097ea8540"}, {"chunk_id": "0a31f0a905be8a75", "content": "Finance cost 102                        110                        416                        470 Profit before tax 9,663                   10,240                   37,608                   35,988 Current tax 2.15 2,784                     1,173                   12,130                     8,390 Profit for the period 7,038                     7,975                   26,750                   26,248 Deferred tax 2.15 (159)                     1,092                   (1,272)                     1,350 Other comprehensive income Items that will not be reclassified subsequently to profit or loss Remeasurement of the net defined benefit liability/asset, net (145)                          26                        (92)                        120 Equity instruments through other comprehensive income, net 29                        (12)                          19                          19 (116)                          14                        (73)                        139 Items that will be reclassified subsequently to profit or loss Fair value changes on derivatives designated as cash flow hedge, net (56)                          28                        (24)                          11 Exchange differences on translation of foreign operations, net 384                      (231)                        357                        226 Fair value changes on  investments, net", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 380, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ab8b57b9b5828f79"}, {"chunk_id": "f694b325443c102f", "content": "Exchange differences on translation of foreign operations, net 384                      (231)                        357                        226 Fair value changes on  investments, net 63                          37                        199                        144 Total other comprehensive income / (loss), net of tax 275                      (152)                        459                        520 391                      (166)                        532                        381 Total comprehensive income for the period 7,313                     7,823                   27,209                   26,768 Profit attributable to: Owners of the Company 7,033                     7,969                   26,713                   26,233 Non-controlling interests 5                            6                          37                          15 7,038                     7,975                   26,750                   26,248 Total comprehensive income attributable to: Owners of the Company 7,304                     7,821                   27,167                   26,754 Non-controlling interests 9                            2                          42                          14 7,313                     7,823                   27,209                   26,768", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 380, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ab8b57b9b5828f79"}, {"chunk_id": "acbcdb2e8a9dd54c", "content": "Non-controlling interests 9                            2                          42                          14 7,313                     7,823                   27,209                   26,768 *During the three months ended March 31, 2025, a decline in the revenue estimates led to the carrying value of the customer related intangibles assets recognized on business combination exceeding the estimated recoverable amount. Consequently, the Company has recognized ₹188 crore as the excess of carrying value over the estimated recoverable value for the three months ended March 31, 2025 as part of depreciation and amortization expenses. for and on behalf of the Board of Directors of Infosys Limited Nandan M. Nilekani Salil Parekh Bobby Parikh Chairman Chief Executive Officer Director DIN: 00041245 and Managing Director DIN: 00019437 Bengaluru Jayesh Sanghrajka A.G.S. Manikantha April 17, 2025 Chief Financial Officer Company Secretary Membership No. A21918", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 380, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "for the year ended March 31, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ab8b57b9b5828f79"}, {"chunk_id": "f63bc7d59f7f1dc4", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Introduction > This has reference to our letter dated March 14, 2025, regarding the captioned subject. The Board, at their \nmeeting held on April 16-17, 2025 transacted the following items of business: \n \nFinancial Results | Page: 1\n\n|  |  |  | TO AL | L | STOCK | EXCHAN | GES |  |  |  |\n|---|---|---|---|---|---|---|---|---|---|---|\n| BS | E LI | MITED |  |  |  |  |  |  |  |  |\n| NA | TIO | NAL STOCK EXCHA | NGE OF INDIA | L | IMITED |  |  |  |  |  |\n| NE | W Y | ORK STOCK EXCHA | NGE |  |  |  |  |  |  |  |\n| Apr | il 17 | , 2025 |  |  |  |  |  |  |  |  |\n| Dea | r Si | r/ Madam, |  |  |  |  |  |  |  |  |\n|  |  |  | Sub: Ou | tc | ome of | Board m | eeting |  |  |  |\n| Thi | s ha | s reference to our lette | r dated March | 1 | 4, 2025, | regarding | the captio | ned subj | ect. The Bo | ard, at their |\n| me | etin | g held on April 16-17, | 2025 transacte | d | the follo | wing item | s of busine | ss: |  |  |\n| Fin | anci | al Results |  |  |  |  |  |  |  |  |\n|  | 1. | Approved the audited | consolidated | fi | nancial r | esults of | the Comp | any and | its subsidia | ries as per |\n|  |  | Indian Accounting Sta | ndards (“INDA | S | ”) for the | quarter a | nd year en | ded Mar | ch 31, 2025 | ; |\n|  | 2. | Approved the audited | standalone fin | an | cial resu | lts of the | Company | as per IN | DAS for the | quarter |\n|  |  | and year ended Marc | h 31, 2025; |  |  |  |  |  |  |  |\n|  | 3. | Approved the audited | financial state | m | ents of th | e Compa | ny and its | subsidia | ries as per I | NDAS and |\n|  |  | International Financial | Reporting Sta | nd | ard (“IF | RS”) for th | e quarter | and year | ended Marc | h 31, 2025; |\n|  | 4. | Approved the audited | financial state | m | ents of th | e Compa | ny and its | subsidia | ries as per I | NDAS for |\n|  |  | the year ended March | 31, 2025; |  |  |  |  |  |  |  |\n|  | 5. | Approved the audited | financial state | me | nts of th | e Compa | ny as per I | NDAS for | the year en | ded March |\n|  |  | 31, 2025; |  |  |  |  |  |  |  |  |\n| Divi | den | d |  |  |  |  |  |  |  |  |\n|  | 6. | Recommended a fina | l dividend of ₹ | 2 | 2/- per e | quity sha | re for the | financial | year ended | March 31, |\n|  |  | 2025. |  |  |  |  |  |  |  |  |\n| Acq | uisi | tion |  |  |  |  |  |  |  |  |\n|  | 7. | Approved acquisition | of MRE Consul | ti | ng Limite | d. A pres | s release | along wit | h additional | information |\n|  |  | as per Regulation 30 | of SEBI (Listi | ng | Obligat | ions and | Disclosur | e Require | ments) Re | gulations is |\n|  |  | enclosed as Annexure | l. |  |  |  |  |  |  |  |\n|  | 8. | Approved acquisition | of The Missing |  | Link Sec | urity Pty | Ltd, The M | issing Li | nk Network | Integration |\n|  |  | Pty Ltd., The Missing | Link Automatio | n | Pty Ltd. | (together | referred to | as “The | Missing Lin | k”). A press |\n|  |  | release along with ad | ditional inform | at | ion as p | er Regul | ation 30 o | f SEBI (L | isting Oblig | ations and |\n|  |  | Disclosure Requireme | nts) Regulatio | ns | is enclo | sed as A | nnexure ll. |  |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 1, "section": "Introduction", "subsection": "This has reference to our letter dated March 14, 2025, regarding the captioned subject. The Board, at their \nmeeting held on April 16-17, 2025 transacted the following items of business: \n \nFinancial Results", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "e07898e926a353ef", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Introduction > This has reference to our letter dated March 14, 2025, regarding the captioned subject. The Board, at their \nmeeting held on April 16-17, 2025 transacted the following items of business: \n \nFinancial Results | Page: 2\n\n|  | Further, the Board app | roved incorporation o | f subsi | diaries in USA | and Aus | tralia, to co | nsummate the |\n|---|---|---|---|---|---|---|---|\n|  | above transactions. |  |  |  |  |  |  |\n| ate | on Joint venture |  |  |  |  |  |  |\n| 9. | Approved the investm | ent by Mitsubishi Hea | vy Ind | ustries in the | Infosys le | d Joint Ven | ture in Japan, |\n|  | HiPUS. A press relea | se along with additio | nal inf | ormation as p | er Regul | ation 30 of | SEBI (Listing |\n|  | Obligations and Disclo | sure Requirements) | Regula | tions is enclo | sed as An | nexure lll. |  |\n| ual | General Meeting and | Record date |  |  |  |  |  |\n| 10. | The 44th Annual Gener | al Meeting of the Mem | bers | of the Compan | y will be h | eld on We | dnesday, June |\n|  | 25, 2025. |  |  |  |  |  |  |\n| 11. | The record date for th | e purpose of the Ann | ual G | eneral Meetin | g and pa | yment of fi | nal dividend is |\n|  | May 30, 2025. The div | idend will be paid on | June 3 | 0, 2025. |  |  |  |\n| oin | tment of Secretarial Au | ditors |  |  |  |  |  |\n| 12. | The Board, based on t | he recommendation | of the | Audit Committ | ee, has a | pproved th | e appointment |\n|  | of Makarand M. Josh | i & Co., Practising | Compa | ny Secretari | es, as Se | cretarial A | uditors of the |\n|  | Company for a period | of five consecutive | years | commencing | from FY | 2025-26 til | l FY 2029-30, |\n|  | subject to approval of | the shareholders of t | he Co | mpany at the | ensuing | Annual Ge | neral Meeting. |\n|  | Additional information | as required under Re | gulatio | n 30 of SEBI | (Listing O | bligations a | nd Disclosure |\n|  | Requirements) Regula | tions is enclosed as | Annex | ure lV. |  |  |  |\n| ck g | rants |  |  |  |  |  |  |\n| i) | Grants to CEO & MD |  |  |  |  |  |  |\n|  | The Board, on April 17 | , 2025, based on the r | ecom | mendations of | the Nomi | nation and | Remuneration |\n|  | Committee, approved | the following annu | al gran | ts to Salil P | arekh, C | EO and M | D as per his |\n|  | employment agreeme | nt approved by share | holder | s: |  |  |  |\n|  | i) The grant of annual | performance-based | stock i | ncentives (An | nual Perf | ormance E | quity Grant) in |\n|  | the form of Restricted | Stock Units (RSU's) c | overing | Company’s e | quity sha | res having | a market value |\n|  | of ₹34.75 crore as on | the date of the gran | t unde | r the 2015 St | ock Ince | ntive Comp | ensation Plan |\n|  | (2015 plan) which sh | all vest 12 months | from | the date of | grant su | bject to ac | hievement of |\n|  | performance targets a | s determined by the B | oard. |  |  |  |  |\n|  | ii) The grant of annual | performance-based s | tock in | centives (Ann | ual perfor | mance equ | ity ESG grant) |\n|  | in the form of RSU's c | overing Company’s | equity | shares having | a marke | t value of ₹ | 2 crore as on |\n|  | the date of the grant u | nder the 2015 Plan, | which | shall vest 12 | months fr | om the da | te of the grant |\n|  | subject to the Compan | y’s achievement of c | ertain | environment, | social an | d governan | ce milestones |\n|  | as determined by the | Board. |  |  |  |  |  |\n|  | iii) The grant of annual | performance-based s | tock in | centives (Ann | ual perfor | mance Equ | ity TSR grant) |\n|  | in the form of RSU's c | overing Company’s | equity | shares having | a marke | t value of ₹ | 5 crore as on |\n|  | the date of the grant u | nder the 2015 Plan, | which | shall vest on | or after M | arch 31, 2 | 027 subject to |\n|  | the Company’s perfor | mance on cumulative | relativ | e TSR for the | two year | cumulative | period and as |\n|  | determined by the Boa | rd. |  |  |  |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 2, "section": "Introduction", "subsection": "This has reference to our letter dated March 14, 2025, regarding the captioned subject. The Board, at their \nmeeting held on April 16-17, 2025 transacted the following items of business: \n \nFinancial Results", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "bf198a4b6737889b", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Introduction > This has reference to our letter dated March 14, 2025, regarding the captioned subject. The Board, at their \nmeeting held on April 16-17, 2025 transacted the following items of business: \n \nFinancial Results | Page: 3\n\n| iv) The grant of an | nual performan | ce-based stock | incen | tives (201 | 9 Annual Perfor | mance Equity |\n|---|---|---|---|---|---|---|\n| Grant) in the form o | f Restricted St | ock Units (RSU's | ) cov | ering Com | pany’s equity sh | ares having a |\n| market value of ₹10 | crore as on the | date of the grant | und | er the Infos | ys Expanded Sto | ck Ownership |\n| Program-2019 (201 | 9 Plan), which | shall vest 12 mo | nths | from the d | ate of the grant | subject to the |\n| Company’s achieve | ment of certain | performance crit | eria a | s laid out i | n the 2019 Plan. |  |\n| The above RSUs w | ill be granted w | .e.f May 2, 202 | 5 and | the numb | er of RSU's will | be calculated |\n| based on the marke | t price at the cl | ose of trading on | May | 2, 2025. |  |  |\n| Grants to other emp | loyees |  |  |  |  |  |\n| The Board, on April | 17, 2025, based | on the recomme | ndat | ions of the | Nomination and | Remuneration |\n| Committee, approve | d grant of 5,00 | 0 RSUs to eligibl | e em | ployees un | der the 2015 Pla | n w.e.f May 2, |\n| 2025. The RSUs wo | uld vest equally | over a period of | four | years and | the exercise pric | e will be equal |\n| to the par value of th | e share. |  |  |  |  |  |\n| and committee cha | rter |  |  |  |  |  |\n| Considered and app | roved amendm | ents to the follow | ing p | olicies and | charters. |  |\n| − Related Party Tr | ansactions Poli | cy |  |  |  |  |\n| − Policy for Determ | ining Material | Subsidiaries |  |  |  |  |\n| − Dividend Distribu | tion Policy |  |  |  |  |  |\n| − Stakeholders Re | lationship Com | mittee Charter |  |  |  |  |\n| − Nomination and | Remuneration | Committee Chart | er |  |  |  |\n| − Corporate Gover | nance Guidelin | es |  |  |  |  |\n| − ESG Committee | Charter |  |  |  |  |  |\n| − Risk Manageme | nt Committee C | harter |  |  |  |  |\n| − Infosys Group T | ax Strategy |  |  |  |  |  |\n| − Code of Conduc | t for Prohibition | of Insider Tradin | g |  |  |  |\n| − Infosys Code on | Fair Disclosure | s and Investor R | elati | ons |  |  |\n| − Supplier Code o | f Conduct |  |  |  |  |  |\n| − Policy for Determ | ining of Materi | ality for Disclosu | res |  |  |  |\n| − Corporate Socia | l Responsibility | Policy |  |  |  |  |\n| − Corporate Socia | l Responsibility | Charter |  |  |  |  |\n| Copies of the policie | s and charters | will be made avai | lable | on the web | site of the Comp | any under the |\n| following link: https:/ | /www.infosys.c | om/investors.htm | l. |  |  |  |\n| pdates |  |  |  |  |  |  |\n| The Board took note | of updates on | McCamish Cyber | secu | rity inciden | t, the details of w | hich is forming |\n| part of the notes to f | inancial statem | ents for the quar | ter an | d year end | ed March 31, 2 | 025. |\n| ard meeting was hel | d on April 16 a | nd 17, 2025. The | Boa | rd meeting | on April 17, 202 | 5 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Introduction", "subsection": "This has reference to our letter dated March 14, 2025, regarding the captioned subject. The Board, at their \nmeeting held on April 16-17, 2025 transacted the following items of business: \n \nFinancial Results", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "734121387a5cbc7d", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Introduction > Manikantha A.G.S. \nCompany Secretary \nMembership No: A21918 | Page: 4\n\n| We are here |\n|---|\n| and record. |\n| This is for yo |\n| Sincerely, |\n| For Infosys |\n| Manikantha |\n| Company S |\n| Membership |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "Introduction", "subsection": "Manikantha A.G.S. \nCompany Secretary \nMembership No: A21918", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "08b0f932a9187a30", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Introduction > Infosys to Acquire  Leading Energy Consulting Company, MRE Consulting | Page: 5\n\n|  |  |  |  |  |  | PR | ESS RELEASE |\n|---|---|---|---|---|---|---|---|\n| Infosys to | Acquire | Lead | ing Energy | Consulting C | ompany, MRE | Co | nsulting |\n| Acquisition t | o strength | en ene | rgy and comm | odity trading a | nd risk managem | ent | (E/CTRM) |\n|  |  |  | capabilitie | s for Infosys |  |  |  |\n| Bengaluru, India | and Houst | on, US | – April 17, 20 | 25: Infosys (NSE | , BSE, NYSE: INF | Y) a | global leader in |\n| next-generation d | igital servic | es and | consulting, tod | ay announced a | definitive agreem | ent t | o acquire MRE |\n| Consulting Ltd. (‘ | MRE Consu | lting’), | a technology a | nd business con | sulting service pro | vide | r. This strategic |\n| investment brings | newer cap | abilities | for Infosys in | trading and risk | management, esp | eciall | y in the energy |\n| sector. |  |  |  |  |  |  |  |\n| Headquartered in | Houston, | Texas, | MRE Consulti | ng will bring a | team of over 200 | pro | fessionals with |\n| industry knowledg | e, consulti | ng and | deep technolo | gy experience in | Energy/Commodi | ty Tr | ading and Risk |\n| Management (E/ | CTRM) pla | tforms | and ecosyste | ms. Through d | ecades of succes | sful | delivery, MRE |\n| Consulting has | developed | propri | etary E/CTRM | business pro | cess frameworks | spa | nning multiple |\n| commodities, tran | sportation | modes | and business | models. These fr | ameworks serve a | s th | e foundation for |\n| commodity trading | projects, a | ccelera | ting vendor sel | ection, solution d | esign and impleme | ntati | on. MRE brings |\n| new clients, and s | ynergies wi | th new | buying centers | . |  |  |  |\n| Ashiss Kumar Da | sh, EVP & | Globa | l Head – Servic | es, Utilities, Re | sources, Energy, | and | Sustainability, |\n| Infosys, said, “Th | e world is n | ow shi | fting towards a | more sustainabl | e future. With incr | easin | g complexity in |\n| integrating diverse | sources of | energy | including rene | wables, global c | orporations require | inno | vative solutions |\n| to navigate trans | formation. | At Inf | osys, we are | witnessing a s | ignificant rise in | dem | and for digital |\n| transformation in | energy an | d com | modity trading | and risk manag | ement (E/CTRM). | By c | ombining MRE |\n| Consulting’s deep | E/CTRM c | apabili | ties with Infosy | s’ established le | adership in the en | ergy, | resources and |\n| utilities sector, we | are further | enhan | cing our ability | to drive value fo | r our clients in this | criti | cal area of their |\n| business. We are | excited to | welcom | e MRE Consult | ing and its leade | rship team to the I | nfos | ys family.” |\n| MRE Founders, | Mike Short | , Dru N | eikirk and Sha | ne Merz, said, “ | The opportunities | for o | ur clients at the |\n| intersection of da | ta, AI, and | techno | logy are vast. | Beyond strong | business synergy, | we | were seeking a |\n| partner who share | d our valu | es and | mutual respect | . By joining with | Infosys, we will e | xten | d our expertise, |\n| deliver new capab | ilities, and | expand | beyond our cu | rrent markets, w | hile scaling what | make | s MRE special. |\n| We are truly excit | ed about thi | s new | journey.” |  |  |  |  |\n| The acquisition is | expected to | close | during the first | quarter of fiscal | year 2026 (i.e. qua | rter e | nding June 30, |\n| 2025), subject to c | ustomary c | losing | conditions. |  |  |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "Introduction", "subsection": "Infosys to Acquire  Leading Energy Consulting Company, MRE Consulting", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "b5593305a79ff0d5", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Introduction > Infosys to Acquire  Leading Energy Consulting Company, MRE Consulting | Page: 6\n\n| About MRE Consulting |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|\n| Founded in 1994, MRE Con | sulting p | rovides technolo | gy and busi | ness consulting | services to | the Energy & |\n| Utilities, Services, and H | ealthcare | industries. M | RE special | izes in busine | ss advisory | and digital |\n| transformation for Energy/C | ommodi | ty Trading and | Risk Mana | gement (E/CTR | M). MRE | also provides |\n| comprehensive solutions acr | oss cust | omer engageme | nt, call cent | er optimization, f | ield service, | CPQ/pricing, |\n| cloud infrastructure and digi | tal workp | lace and is a S | alesforce an | d Microsoft par | tner. We ar | e proud to be |\n| recognized as a Houston | Business | Journal Best | Places to W | ork. For more | information | , please visit |\n| www.mre-consulting.com/. |  |  |  |  |  |  |\n| About Infosys |  |  |  |  |  |  |\n| Infosys is a global leader in | next-ge | neration digital | services and | consulting. Ov | er 300,000 | of our people |\n| work to amplify human pote | ntial and | create the next | opportunity | for people, busi | nesses and | communities. |\n| We enable clients in more th | an 56 co | untries to naviga | te their digit | al transformatio | n. With over | four decades |\n| of experience in managing t | he syste | ms and working | s of global | enterprises, we | expertly ste | er clients, as |\n| they navigate their digital tra | nsforma | tion powered by | cloud and | AI. We enable t | hem with an | AI-first core, |\n| empower the business with a | gile digit | al at scale and d | rive continu | ous improveme | nt with alway | s-on learning |\n| through the transfer of digit | al skills, | expertise, and i | deas from o | ur innovation e | cosystem. W | e are deeply |\n| committed to being a well-go | verned, | environmentally | sustainable | organization w | here diverse | talent thrives |\n| in an inclusive workplace. |  |  |  |  |  |  |\n| Visit www.infosys.com to se | e how Inf | osys (NSE, BSE | , NYSE: IN | FY) can help yo | ur enterprise | navigate |\n| your next. |  |  |  |  |  |  |\n| Safe Harbor |  |  |  |  |  |  |\n| Certain statements in this | release | concerning our | future grow | th prospects, | or our futur | e financial or |\n| operating performance, are | forward-l | ooking stateme | nts intended | to qualify for th | e 'safe harb | or' under the |\n| Private Securities Litigation | Reform | Act of 1995, wh | ich involve | a number of ris | ks and unc | ertainties that |\n| could cause actual results o | r outcom | es to differ mate | rially from t | hose in such for | ward-lookin | g statements. |\n| The risks and uncertaintie | s relatin | g to these stat | ements inc | lude, but are | not limited | to, risks and |\n| uncertainties regarding the e | xecution | of our business | strategy, in | creased compe | tition for tale | nt, our ability |\n| to attract and retain person | nel, incr | ease in wages, | investment | s to reskill our | employees, | our ability to |\n| effectively implement a h | ybrid w | ork model, ec | onomic unc | ertainties and | geo-politic | al situations, |\n| technologicassl disruptions | and inno | vations such as | Generative | AI, the comple | x and evolvi | ng regulatory |\n| landscape including immigr | ation reg | ulation change | s, our ESG | vision, our cap | ital allocatio | n policy and |\n| expectations concerning ou | r marke | t position, futur | e operation | s, margins, pro | fitability, liq | uidity, capital |\n| resources, our corporate ac | tions incl | uding acquisitio | ns, and cyb | ersecurity matte | rs. Importan | t factors that |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "Introduction", "subsection": "Infosys to Acquire  Leading Energy Consulting Company, MRE Consulting", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "aea24c7deffd261f", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Introduction > Infosys to Acquire  Leading Energy Consulting Company, MRE Consulting | Page: 7\n\n| may cause actual | results or | outcomes | to differ from those implied by the forward-looking stat | ements are |\n|---|---|---|---|---|\n| discussed in more | detail in ou | r US Secu | rities and Exchange Commission filings including our An | nual Report |\n| on Form 20-F for t | he fiscal ye | ar ended | March 31, 2024. These filings are available at www.sec.g | ov. Infosys |\n| may, from time to | time, make | additiona | l written and oral forward-looking statements, including | statements |\n| contained in the | Company's | filings wi | th the Securities and Exchange Commission and our | reports to |\n| shareholders. The | Company | does not | undertake to update any forward-looking statements t | hat may be |\n| made from time to | time by or | on behalf | of the Company unless it is required by law. |  |\n| Media Contacts: |  |  |  |  |\n| For further informa | tion, pleas | e contact: | PR_Global@infosys.com |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "Introduction", "subsection": "Infosys to Acquire  Leading Energy Consulting Company, MRE Consulting", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "c6a62164564abdae", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Introduction > Infosys to Acquire  Leading Energy Consulting Company, MRE Consulting | Page: 8\n\n|  |  |  |  |  |  | Annexure |\n|---|---|---|---|---|---|---|\n| isclosure und | er SEBI (Listin | g Obligatio | ns and Disclosu | re Requireme | nts) Regulation | s, 2015: - |\n| Name of the tar | get entity |  | Target Entity: M | RE Consulting | Limited (‘MRE | Consulting’) |\n|  |  |  | Acquirer: Infos | ys Nova Hold | ings LLC, a w | holly owned |\n|  |  |  | subsidiary of Info | sys Limited |  |  |\n|  |  |  | To consummat | e the above | transaction, I | nfosys Nova |\n|  |  |  | Holdings LLC wil | l simultaneousl | y incorporate a | wholly owned |\n|  |  |  | subsidiary, Info | sys Energy | Consulting Se | rvices LLC. |\n|  |  |  | ( “Infosys Energy | ”), in USA. |  |  |\n| Whether the ac | quisition would | fall within | No. |  |  |  |\n| related party tr | ansaction(s) an | d whether |  |  |  |  |\n| the promoter/ | promoter gro | up/ group |  |  |  |  |\n| companies hav | e any interest in | the entity |  |  |  |  |\n| being acquired | ? |  |  |  |  |  |\n| Industry to w | hich the ent | ity being | Energy, Resourc | es & Utilities in | dustry sectors. |  |\n| acquired belon | gs |  |  |  |  |  |\n| Objects and eff | ects of acquisit | ion | The acquisition | demonstrates | our commitm | ent towards |\n|  |  |  | industry specific | solution offerin | gs and strengt | hens Infosys’ |\n|  |  |  | energy and co | mmodity tradi | ng and risk | management |\n|  |  |  | (E/CTRM) capab | ilities |  |  |\n|  |  |  | As the world shi | fts towards a fu | ture that is mor | e focused on |\n|  |  |  | sustainable en | ergy and wit | h rising ener | gy demand, |\n|  |  |  | increasing com | plexity in inte | grating diverse | sources of |\n|  |  |  | energy includin | g renewables; | global corpora | tions require |\n|  |  |  | innovative soluti | ons to navigat | e transformation | . At Infosys, |\n|  |  |  | we are witnessi | ng a significan | t rise in dema | nd for digital |\n|  |  |  | transformation i | n energy and | commodity trad | ing and risk |\n|  |  |  | management (E | /CTRM). By c | ombining MRE | Consulting’s |\n|  |  |  | deep E/CTRM | capabilities | with Infosys’ | established |\n|  |  |  | leadership in th | e energy, resou | rces and utilitie | s sector, we |\n|  |  |  | are further enha | ncing our ability | to drive value f | or our clients |\n|  |  |  | in this critical are | a of their busin | ess. |  |\n|  |  |  | MRE brings an | extensive indu | stry expertise, | marquee new |\n|  |  |  | clients, and syne | rgies with new | buying centers. |  |\n| Any governm | ental or | regulatory | None. |  |  |  |\n| approvals requi | red for the acq | uisition |  |  |  |  |\n| Indicative time | period for com | pletion of | The acquisition | of MRE Cons | ulting is expec | ted to close |\n| the acquisition |  |  | during the first q | uarter of fiscal | 2026, subject | to customary |\n|  |  |  | closing condition | s. |  |  |\n| Nature of consi | deration |  | Cash |  |  |  |\n| Cost of acquisi | tion or the pric | e at which | Upto USD 36 | million, includ | ing upfront a | nd earnouts, |\n| the shares are | acquired; |  | excluding manag | ement incentiv | es, and retentio | n bonus. |\n| Percentage of | holding |  | 1 00% of the part | nership interest | s in MRE Cons | ulting Limited |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "Introduction", "subsection": "Infosys to Acquire  Leading Energy Consulting Company, MRE Consulting", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "c16985ae3eb0d362", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Introduction > Infosys to Acquire  Leading Energy Consulting Company, MRE Consulting | Page: 9\n\n| Founded in 1994, M | RE Consulting provi | des techn | ology and |\n|---|---|---|---|\n| business consulting | services to the En | ergy, Res | ources & |\n| Utilities industries. M | RE specializes in bu | siness adv | isory and |\n| digital transformatio | n for Energy/Comm | odity Tra | ding and |\n| Risk Management ( | E/CTRM). (https://mre | -consultin | g.com) |\n| MRE Consulting, h | eadquartered in Hou | ston, Tex | as, offers |\n| proprietary E/CTRM | business process fra | meworks | spanning |\n| multiple commoditie | s, transportation mo | des and | business |\n| models. These fra | meworks serve as | the found | ation for |\n| commodity trading | projects, accelerating | vendor | selection, |\n| solution design and | implementation. |  |  |\n| MRE Consulting i | s primarily owned | by Foun | ders and |\n| Management. |  |  |  |\n| Last 3 years’ Reven | ues (Fiscal year endi | ng Decem | ber 31st): |\n| FY24: USD 63.5 mill | ion, FY23: USD 61.8 | million, F | Y22: USD |\n| 56.7 million. |  |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 9, "section": "Introduction", "subsection": "Infosys to Acquire  Leading Energy Consulting Company, MRE Consulting", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "8885d5eb53766972", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Introduction > Infosys to Acquire Leading Cybersecurity Services Provider The Missing Link | Page: 10\n\n|  |  |  |  |  |  | PRES | S RELEASE |\n|---|---|---|---|---|---|---|---|\n| Infosys to | Acquire | Leading Cy | bersec | urity Ser | vices Pro | vider The Miss | ing Link |\n| Acquisition str | engthens I | nfosys’ cybe | rsecurit | y and clou | d capabiliti | es across Austra | lia and Asia |\n| Bengaluru, Indi | a and Syd | ney, Australia | – April | 17, 2024: | Infosys (NS | E, BSE, NYSE: IN | FY), a global |\n| leader in next-ge | neration dig | ital services a | nd consu | lting, today | announced | a definitive agreem | ent to acquire |\n| The Missing Link | , an award | winning Austra | lian cyb | ersecurity se | rvices spec | ialist firm with capa | bilities across |\n| the full stack of | cyber sol | utions. This s | trategic | investment | further stre | ngthens Infosys’ | cybersecurity |\n| capabilities, whil | e bolstering | its presence i | n the fas | t-growing A | ustralian ma | rket, and reaffirms | its continued |\n| commitment to g | lobal clients | to navigate th | eir digit | al transform | ation journe | y. |  |\n| Headquartered i | n Australia, | The Missing | Link bri | ngs to Info | sys, a grou | p of highly skilled | cybersecurity |\n| professionals con | sisting of R | ed Team, Blu | e Team, | and a state- | of-the-art Gl | obal Security Ope | rations Centre |\n| (GSOC) adding t | o the netw | ork of Infosys’ | global c | yber defens | e centers. T | he Missing Link’s | accomplished |\n| cybersecurity pr | actice provi | des strategic | advice, | offensive a | nd defensiv | e security service | s and tactical |\n| support, cyberse | curity risk | assessments | & compli | ance, and | managed se | rvices. The comp | any has been |\n| serving leading | global ent | erprises in co | llaborati | on with m | arket leadin | g technology pro | ducts, further |\n| complemented b | y its inno | vative proprie | tary sol | utions and | accelerator | s. Their solutions | help protect |\n| networks, secure | assets and | equip staff wi | th the to | ols to mitiga | te cyber-att | acks. Together, In | fosys and The |\n| Missing Link will | be able to | offer clients cu | tting-ed | ge full-stack | cybersecur | ity services coveri | ng all aspects |\n| of a customer’s b | usiness, da | ta, systems a | nd netw | orks. |  |  |  |\n| Satish HC, EVP | , Chief Del | ivery Officer, | Infosys | , said, “Tec | hnology led | transformation an | d securing the |\n| enterprise are a | mongst the | highest prioriti | es for g | lobal corpor | ations.Toge | ther with The Mis | sing Link, and |\n| our cloud offerin | g Infosys C | obalt, we aim | to usher | in the new | wave of di | fferentiated value | to customers, |\n| with specialized | end-to-end | cybersecurity | offerings | and solutio | ns. We are | excited to welcom | e The Missing |\n| Link and their lea | dership tea | m to Infosys.” |  |  |  |  |  |\n| Alex Gambotto, | Founder & | CEO, The Mi | ssing Lin | k said, “As | we take this | exciting next step i | n our journey, |\n| I am proud of all | we have ac | complished to | gether o | ver the last | 27 years. O | ur team has worke | d tirelessly to |\n| build a company | that delive | rs excellence, | innovati | on, and val | ue to our cli | ents and partners | with our core |\n| ethos of under p | romise and | overdeliver. | I am thr | illed that Th | e Missing L | ink will be joining | Infosys. This |\n| acquisition mark | s a signific | ant milestone | for us, | allowing T | he Missing | Link to leverage | the immense |\n| expertise, platfor | ms, and glo | bal reach of In | fosys to | better serve | our custom | ers and expand o | ur capabilities. |\n| While our owners | hip may ch | ange, our com | mitment | to deliverin | g top-tier so | lutions remains un | wavering. We |\n| are confident tha | t together, | we can create | even gr | eater value | for all our cli | ents, partners, an | d team.” |\n| Investment Bank | TH Global | Capital advise | d The M | issing Link | on the trans | action. |  |\n| The acquisition is | expected | to close during | the first | quarter of f | iscal year 2 | 026 (i.e. quarter en | ding June 30, |\n| 2025), subject to | customary | closing condit | ions. |  |  |  |  |\n| About The Miss | ing Link |  |  |  |  |  |  |\n| Established in 19 | 97, The Mi | ssing Link wa | s born fr | om a vision | to help bus | inesses achieve th | eir goals with |\n| the right IT solut | ions and s | ervices. Head | quartere | d in Austral | ia, The Mis | sing Link is a cyb | ersecurity and |\n| cloud services sp | ecialist, del | ivering service | s across | the entire s | pectrum of I | T strategy, technol | ogy roadmap, |\n| project managem | ent, cybers | ecurity, risks | assessm | ents & miti | gation and a | utomation service | s. Their highly |\n| skilled team of | IT special | ists includes | Cybers | ecurity, IT | Infrastructur | e/Cloud and Ro | botic Process |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "Introduction", "subsection": "Infosys to Acquire Leading Cybersecurity Services Provider The Missing Link", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "6898c46b39b66539", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Introduction > Infosys to Acquire Leading Cybersecurity Services Provider The Missing Link | Page: 11\n\n| Automation & G | enerati | ve AI experts, with | many years of ex | perie | nce and a c | ommitment to d | elivering first- |\n|---|---|---|---|---|---|---|---|\n| class solutions t | hat exc | eed customers’ exp | ectations. |  |  |  |  |\n| About Infosys |  |  |  |  |  |  |  |\n| Infosys is a glo | bal lead | er in next-generati | on digital service | s and | consulting. | Over 300,000 | of our people |\n| work to amplify | human | potential and creat | e the next opport | unity | for people, b | usinesses and | communities. |\n| We enable clien | ts in m | ore than 56 countrie | s to navigate thei | r digit | al transform | ation. With over | four decades |\n| of experience in | mana | ging the systems a | nd workings of g | lobal | enterprises, | we expertly ste | er clients, as |\n| they navigate th | eir digi | tal transformation p | owered by cloud | and | AI. We enab | le them with an | AI-first core, |\n| empower the bu | siness | with agile digital at s | cale and drive c | ontinu | ous improve | ment with alway | s-on learning |\n| through the tran | sfer of | digital skills, exper | tise, and ideas fr | om o | ur innovatio | n ecosystem. W | e are deeply |\n| committed to be | ing a w | ell-governed, enviro | nmentally sustai | nable | organizatio | n where diverse | talent thrives |\n| in an inclusive w | orkpla | ce. |  |  |  |  |  |\n| Visit www.infosy | s.com | to see how Infosys | (NYSE: INFY) ca | n hel | p your enter | prise navigate y | our next. |\n| Safe Harbor |  |  |  |  |  |  |  |\n| Certain statem | ents in | this release conce | rning our future | grow | th prospect | s, or our futur | e financial or |\n| operating perfor | mance | , are forward-lookin | g statements int | ended | to qualify fo | r the 'safe harb | or' under the |\n| Private Securiti | es Litig | ation Reform Act o | f 1995, which in | volve | a number o | f risks and unc | ertainties that |\n| could cause act | ual res | ults or outcomes to | differ materially f | rom t | hose in such | forward-lookin | g statements. |\n| The risks and | uncert | ainties relating to | these statement | s inc | lude, but ar | e not limited | to, risks and |\n| uncertainties re | garding | the execution of o | ur business strat | egy, | our ability to | attract and reta | in personnel, |\n| our transition to | hybrid | work model, econo | mic uncertainties | , tech | nological inn | ovations such a | s Generative |\n| AI, the complex | and e | volving regulatory l | andscape includ | ing i | mmigration r | egulation chang | es, our ESG |\n| vision, our capi | tal allo | cation policy and e | xpectations conc | ernin | g our marke | t position, futur | e operations, |\n| margins, profit | ability, | liquidity, capital re | sources, our c | orpor | ate actions | including acqu | isitions, and |\n| cybersecurity m | atters. | Important factors t | hat may cause a | ctual | results or o | utcomes to diff | er from those |\n| implied by the fo | rward- | looking statements | are discussed in | more | detail in our | US Securities a | nd Exchange |\n| Commission fili | ngs incl | uding our Annual R | eport on Form 2 | 0-F f | or the fiscal | year ended Ma | rch 31, 2023. |\n| These filings are | availa | ble at www.sec.gov. | Infosys may, fro | m tim | e to time, ma | ke additional w | ritten and oral |\n| forward-looking | statem | ents, including state | ments contained | in the | Company's | filings with the S | ecurities and |\n| Exchange Com | mission | and our reports to | shareholders. Th | e Co | mpany does | not undertake t | o update any |\n| forward-looking | statem | ents that may be m | ade from time to | time | by or on beh | alf of the Comp | any unless it |\n| is required by la | w. |  |  |  |  |  |  |\n| Media Contact | s: |  |  |  |  |  |  |\n| For further infor | mation, | please contact: PR | _Global@infosy | s.com |  |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "Introduction", "subsection": "Infosys to Acquire Leading Cybersecurity Services Provider The Missing Link", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ebdaf35fd8784c11", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Introduction > Infosys to Acquire Leading Cybersecurity Services Provider The Missing Link | Page: 12\n\n| isclosure und | er SEBI (Listin | g Obligatio | ns and Disclosure | Requirements) | Regulation | s, 2015: - |\n|---|---|---|---|---|---|---|\n| Name of the tar | get entity |  | Target Entity: Th | e Missing Link | Security P | ty Ltd, The |\n|  |  |  | Missing Link Netwo | rk Integration Pt | y Ltd., The | Missing Link |\n|  |  |  | Automation Pty Ltd | . (together refer | red to as | “The Missing |\n|  |  |  | Link”). |  |  |  |\n|  |  |  | Acquirer: Infosys | Singapore Pte | Ltd., a w | holly owned |\n|  |  |  | subsidiary of Infosy | s Limited. |  |  |\n|  |  |  | To consummate the | above transactio | n Infosys S | ingapore Pte |\n|  |  |  | L td. will incorporate | a wholly owned | subsidiary i | n Australia. |\n| Whether the ac | quisition would | fall within | No. |  |  |  |\n| related party tr | ansaction(s) an | d whether |  |  |  |  |\n| the promoter/ | promoter gro | up/ group |  |  |  |  |\n| companies hav | e any interest in | the entity |  |  |  |  |\n| being acquired | ? |  |  |  |  |  |\n| Industry to w | hich the ent | ity being | Cybersecurity servic | es |  |  |\n| acquired belon | gs |  |  |  |  |  |\n| Objects and eff | ects of acquisit | ion | The acquisition str | engthens Infosys | cybersec | urity services |\n|  |  |  | bolstering its presen | ce in the fast-gr | owing Aust | ralian market |\n|  |  |  | and reaffirms its co | ntinued commit | ment to glo | bal clients to |\n|  |  |  | navigate their digita | l transformation j | ourney. |  |\n|  |  |  | Technology led tran | sformation and | Securing t | he Enterprise |\n|  |  |  | are amongst the h | ighest priorities | for global | corporations. |\n|  |  |  | Together with The | Missing Link, an | d Infosys’ c | loud offering |\n|  |  |  | Infosys Cobalt, we | aim to usher | in the n | ew wave of |\n|  |  |  | differentiated value t | o customers, wit | h specialize | d end-to-end |\n|  |  |  | cybersecurity offerin | gs and solutions | . |  |\n|  |  |  | The Missing Link br | ings to Infosys, | a group of | highly skilled |\n|  |  |  | cybersecurity profe | ssionals consist | ing of Red | Team, Blue |\n|  |  |  | Team, and a stat | e-of-the-art Glob | al Securit | y Operations |\n|  |  |  | Centre (GSOC) add | ing to the networ | k of Infosys | ’ global cyber |\n|  |  |  | d efense centers. |  |  |  |\n| Any governm | ental or | regulatory | Foreign Investmen | t Review Boar | d (Austral | ia) approval |\n| approvals requi | red for the acq | uisition | received on Februar | y 11, 2025. No o | ther regula | tory approval |\n|  |  |  | is required. |  |  |  |\n| Indicative time | period for com | pletion of | The acquisition of | The Missing Lin | k entities is | expected to |\n| the acquisition |  |  | close during the f | irst quarter of | fiscal 2026 | , subject to |\n|  |  |  | customary closing c | onditions. |  |  |\n| Nature of consi | deration |  | Cash |  |  |  |\n| Cost of acquisi | tion or the pric | e at which | Up to AUD 98 m | illion, including | upfront a | nd earnouts, |\n| the shares are | acquired; |  | excluding managem | ent incentives, a | nd retentio | n bonus. |\n| Percentage of | holding |  | 1 00% of the equity | share capital in T | he Missing | Link |\n| Brief Backgrou | nd |  | Established in 199 | 7, The Missing | Link is a l | eading cyber |\n|  |  |  | security services | provider. The M | issing Lin | k with 200+ |\n|  |  |  | professionals, delive | rs cybersecurity | and techno | logy services |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "Introduction", "subsection": "Infosys to Acquire Leading Cybersecurity Services Provider The Missing Link", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d6bd0f2214311c62", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Introduction > Infosys to Acquire Leading Cybersecurity Services Provider The Missing Link | Page: 13\n\n| across the entire spectrum of IT strategy | , technology |\n|---|---|\n| roadmap, project management, cyberse | curity, risks |\n| assessments & mitigation and automation serv | ices. |\n| Headquartered in Australia, Missing Link’s | accomplished |\n| cybersecurity practice provides strategic adv | ice, offensive |\n| and defensive security services and tact | ical support, |\n| cybersecurity risk assessments & compliance, | and managed |\n| services. The company has been serving l | eading global |\n| enterprises in collaboration with market leadi | ng technology |\n| products, further complemented by its innovati | ve proprietary |\n| solutions and accelerators. |  |\n| (https://www.themissinglink.com.au/) |  |\n| The Missing Link is primarily owned by F | ounders and |\n| Management. |  |\n| Last 3 years’ Revenues (Fiscal year ending Ju | ne 30): FY24: |\n| AUD 43.2 million; FY23: AUD 38.4 million, FY | 22: AUD 30.2 |\n| million. |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "Introduction", "subsection": "Infosys to Acquire Leading Cybersecurity Services Provider The Missing Link", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "e30363b6e83e7025", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Introduction > JV to accelerate business process transformation for enterprises leveraging digital procurement \nplatforms \n  \nBengaluru, India and Tokyo, Japan – April 17, 2025 – Infosys (NSE, BSE, NYSE: INFY),  a global leader \nin next-generation digital services and consulting, today announced Mitsubishi Heavy Industries (MHI) has \ninvested in the Infosys-led Joint Venture HIPUS, enhancing Infosys’ presence in Japan. MHI is one of the \nworld’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace \nand defense, and has established corporations like Hitachi Ltd., Panasonic Corporation and Pasona. \n  \nHIPUS, in which Infosys owns a majority stake, was set up in 2019, to drive high-quality, end-to-end \nprocurement processes along with sourcing and category expertise, leveraging next-generation digital \nplatforms for Japanese corporations. \n  \nMHI has been a longstanding customer of HIPUS and has now expanded the collaboration by acquiring \na  2 percent stake from Infosys. Through this investment MHI aims to further explore new business \nopportunities in the region. \n  \nAnantha Radhakrishnan, CEO and MD, Infosys BPM, and Chairperson, HIPUS  Board said, “Japan \ncontinues to be a strategic market for Infosys and HIPUS and we have consistently expanded our footprint \nin the region. This collaboration with MHI reinforces Infosys’ commitment towards building trusted \ncollaboration with customers in Japan and accelerating their digital business process transformation \njourney. Infosys is excited to welcome Mitsubishi Heavy Industries to HIPUS.” \n  \nIsao Miyake, Head, Value Chain Headquarters, Mitsubishi Heavy Industries, said, “In our company’s \nongoing efforts to upgrade procurement activities through a data-driven strategy, we expect HIPUS \nadvanced analytics and support to significantly improve procurement operations, enable well informed \ndecision making, and generate greater value across the organization.” \n  \nKiyoshi Asami, CEO and Representative Director, HIPUS, said, “MHI has become an important client \nfor HIPUS receiving a wide range of services. HIPUS is also executing MHI services beyond Japan, \nleveraging Infosys’ global presence as well as its strong sourcing and procurement services. We are \nextremely delighted that MHI has decided to invest in HIPUS and we look forward to an impactful \ncollaboration.” \n \nThe transaction is expected to close during the first quarter of fiscal year 2026 (i.e. quarter ending June 30, \n2025), subject to customary closing conditions. \n \nAbout Mitsubishi Heavy Industries (MHI) Group \nMitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, \nsmart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge \ntechnology with deep experience to deliver innovative, integrated solutions that help to realize a carbon \nneutral world, improve the quality of life and ensure a safer world. For more information, please \nvisit www.mhi.com | Page: 14\n\n|  |  |  |  |  | PRE | SS RELEASE |\n|---|---|---|---|---|---|---|\n| Mitsu | bishi He | avy Ind | ustries joins I | nfosys-led J | V in Japan, HIP | US |\n| JV to accelerat | e business | process | transformation f | or enterprises | leveraging digital | procurement |\n|  |  |  | platform | s |  |  |\n| Bengaluru, India | and Toky | o, Japan – | April 17, 2025 – | Infosys (NSE, B | SE, NYSE: INFY), | a global leader |\n| in next-generatio | n digital ser | vices and | consulting, today | announced Mits | ubishi Heavy Indust | ries (MHI) has |\n| invested in the In | fosys-led J | oint Ventur | e HIPUS, enhan | cing Infosys’ pre | sence in Japan. MH | I is one of the |\n| world’s leading in | dustrial gr | oups, span | ning energy, sm | art infrastructure | , industrial machine | ry, aerospace |\n| and defense, and | has establ | ished corp | orations like Hita | chi Ltd., Panaso | nic Corporation and | Pasona. |\n| HIPUS, in which | Infosys ow | ns a maj | ority stake, was | set up in 2019, | to drive high-quali | ty, end-to-end |\n| procurement pro | cesses alo | ng with so | urcing and cate | gory expertise, l | everaging next-gen | eration digital |\n| platforms for Jap | anese corp | orations. |  |  |  |  |\n| MHI has been a | longstandin | g custome | r of HIPUS and | has now expand | ed the collaboratio | n by acquiring |\n| a 2 percent sta | ke from Inf | osys. Thr | ough this invest | ment MHI aims | to further explore | new business |\n| opportunities in th | e region. |  |  |  |  |  |\n| Anantha Radha | krishnan, | CEO and | MD, Infosys BP | M, and Chairper | son, HIPUS Boar | d said, “Japan |\n| continues to be a | strategic m | arket for I | nfosys and HIPU | S and we have c | onsistently expande | d our footprint |\n| in the region. T | his collabo | ration wit | h MHI reinforce | s Infosys’ comm | itment towards b | uilding trusted |\n| collaboration wit | h customer | s in Japa | n and accelerati | ng their digital | business process | transformation |\n| journey. Infosys i | s excited to | welcome | Mitsubishi Heavy | Industries to HI | PUS.” |  |\n| Isao Miyake, He | ad, Value | Chain Hea | dquarters, Mits | ubishi Heavy In | dustries, said, “In | our company’s |\n| ongoing efforts t | o upgrade | procurem | ent activities thr | ough a data-dri | ven strategy, we | expect HIPUS |\n| advanced analyti | cs and sup | port to si | gnificantly improv | e procurement | operations, enable | well informed |\n| decision making, | and genera | te greater | value across the | organization.” |  |  |\n| Kiyoshi Asami, | CEO and R | epresent | ative Director, H | IPUS, said, “MH | I has become an i | mportant client |\n| for HIPUS receiv | ing a wide | range of | services. HIPUS | is also execut | ing MHI services b | eyond Japan, |\n| leveraging Infosy | s’ global p | resence a | s well as its str | ong sourcing an | d procurement ser | vices. We are |\n| extremely deligh | ted that M | HI has de | cided to invest | in HIPUS and | we look forward to | an impactful |\n| collaboration.” |  |  |  |  |  |  |\n| The transaction is | expected t | o close du | ring the first quar | ter of fiscal year | 2026 (i.e. quarter e | nding June 30, |\n| 2025), subject to | customary | closing co | nditions. |  |  |  |\n| About Mitsubish | i Heavy In | dustries ( | MHI) Group |  |  |  |\n| Mitsubishi Heavy | Industries | (MHI) Gro | up is one of the w | orld’s leading in | dustrial groups, sp | anning energy, |\n| smart infrastructu | re, industr | ial machin | ery, aerospace | and defense. M | HI Group combine | s cutting-edge |\n| technology with d | eep exper | ience to d | eliver innovative, | integrated solut | ions that help to re | alize a carbon |\n| neutral world, im | prove the | quality o | f life and ensur | e a safer worl | d. For more inform | ation, please |\n| visit www.mhi.co | m |  |  |  |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "Introduction", "subsection": "JV to accelerate business process transformation for enterprises leveraging digital procurement \nplatforms \n  \nBengaluru, India and Tokyo, Japan – April 17, 2025 – Infosys (NSE, BSE, NYSE: INFY),  a global leader \nin next-generation digital services and consulting, today announced Mitsubishi Heavy Industries (MHI) has \ninvested in the Infosys-led Joint Venture HIPUS, enhancing Infosys’ presence in Japan. MHI is one of the \nworld’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace \nand defense, and has established corporations like Hitachi Ltd., Panasonic Corporation and Pasona. \n  \nHIPUS, in which Infosys owns a majority stake, was set up in 2019, to drive high-quality, end-to-end \nprocurement processes along with sourcing and category expertise, leveraging next-generation digital \nplatforms for Japanese corporations. \n  \nMHI has been a longstanding customer of HIPUS and has now expanded the collaboration by acquiring \na  2 percent stake from Infosys. Through this investment MHI aims to further explore new business \nopportunities in the region. \n  \nAnantha Radhakrishnan, CEO and MD, Infosys BPM, and Chairperson, HIPUS  Board said, “Japan \ncontinues to be a strategic market for Infosys and HIPUS and we have consistently expanded our footprint \nin the region. This collaboration with MHI reinforces Infosys’ commitment towards building trusted \ncollaboration with customers in Japan and accelerating their digital business process transformation \njourney. Infosys is excited to welcome Mitsubishi Heavy Industries to HIPUS.” \n  \nIsao Miyake, Head, Value Chain Headquarters, Mitsubishi Heavy Industries, said, “In our company’s \nongoing efforts to upgrade procurement activities through a data-driven strategy, we expect HIPUS \nadvanced analytics and support to significantly improve procurement operations, enable well informed \ndecision making, and generate greater value across the organization.” \n  \nKiyoshi Asami, CEO and Representative Director, HIPUS, said, “MHI has become an important client \nfor HIPUS receiving a wide range of services. HIPUS is also executing MHI services beyond Japan, \nleveraging Infosys’ global presence as well as its strong sourcing and procurement services. We are \nextremely delighted that MHI has decided to invest in HIPUS and we look forward to an impactful \ncollaboration.” \n \nThe transaction is expected to close during the first quarter of fiscal year 2026 (i.e. quarter ending June 30, \n2025), subject to customary closing conditions. \n \nAbout Mitsubishi Heavy Industries (MHI) Group \nMitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, \nsmart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge \ntechnology with deep experience to deliver innovative, integrated solutions that help to realize a carbon \nneutral world, improve the quality of life and ensure a safer world. For more information, please \nvisit www.mhi.com", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "8ee3303ed756bc94", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Introduction > JV to accelerate business process transformation for enterprises leveraging digital procurement \nplatforms \n  \nBengaluru, India and Tokyo, Japan – April 17, 2025 – Infosys (NSE, BSE, NYSE: INFY),  a global leader \nin next-generation digital services and consulting, today announced Mitsubishi Heavy Industries (MHI) has \ninvested in the Infosys-led Joint Venture HIPUS, enhancing Infosys’ presence in Japan. MHI is one of the \nworld’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace \nand defense, and has established corporations like Hitachi Ltd., Panasonic Corporation and Pasona. \n  \nHIPUS, in which Infosys owns a majority stake, was set up in 2019, to drive high-quality, end-to-end \nprocurement processes along with sourcing and category expertise, leveraging next-generation digital \nplatforms for Japanese corporations. \n  \nMHI has been a longstanding customer of HIPUS and has now expanded the collaboration by acquiring \na  2 percent stake from Infosys. Through this investment MHI aims to further explore new business \nopportunities in the region. \n  \nAnantha Radhakrishnan, CEO and MD, Infosys BPM, and Chairperson, HIPUS  Board said, “Japan \ncontinues to be a strategic market for Infosys and HIPUS and we have consistently expanded our footprint \nin the region. This collaboration with MHI reinforces Infosys’ commitment towards building trusted \ncollaboration with customers in Japan and accelerating their digital business process transformation \njourney. Infosys is excited to welcome Mitsubishi Heavy Industries to HIPUS.” \n  \nIsao Miyake, Head, Value Chain Headquarters, Mitsubishi Heavy Industries, said, “In our company’s \nongoing efforts to upgrade procurement activities through a data-driven strategy, we expect HIPUS \nadvanced analytics and support to significantly improve procurement operations, enable well informed \ndecision making, and generate greater value across the organization.” \n  \nKiyoshi Asami, CEO and Representative Director, HIPUS, said, “MHI has become an important client \nfor HIPUS receiving a wide range of services. HIPUS is also executing MHI services beyond Japan, \nleveraging Infosys’ global presence as well as its strong sourcing and procurement services. We are \nextremely delighted that MHI has decided to invest in HIPUS and we look forward to an impactful \ncollaboration.” \n \nThe transaction is expected to close during the first quarter of fiscal year 2026 (i.e. quarter ending June 30, \n2025), subject to customary closing conditions. \n \nAbout Mitsubishi Heavy Industries (MHI) Group \nMitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, \nsmart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge \ntechnology with deep experience to deliver innovative, integrated solutions that help to realize a carbon \nneutral world, improve the quality of life and ensure a safer world. For more information, please \nvisit www.mhi.com | Page: 15\n\n| About HiPUS |  |  |  |  |  |\n|---|---|---|---|---|---|\n| HIPUS Co., Ltd. promo | tes business | process transformation | and provide tot | al procurement | solutions with |\n| the procurement know- | how cultivate | d over many years in th | e Hitachi Grou | p as our busines | s core. Since |\n| April 2019, Infosys has | become our | parent company, and | we provide ne | w, cutting-edge | services that |\n| combine global knowle | dge and dom | estic skills in procurem | ent processes, | consulting, anal | ytics, Gen AI, |\n| and other digital techno | logy services | . For more information, p | lease visit http | s://www.hipus.co | m. |\n| About Infosys |  |  |  |  |  |\n| Infosys is a global lead | er in next-ge | neration digital services | and consulting | . Over 300,000 | of our people |\n| work to amplify human | potential and | create the next opportu | nity for people, | businesses and | communities. |\n| We enable clients in mo | re than 56 co | untries to navigate their | digital transform | ation. With over | four decades |\n| of experience in manag | ing the syste | ms and workings of glo | bal enterprises | , we expertly ste | er clients, as |\n| they navigate their digit | al transforma | tion powered by cloud a | nd AI. We ena | ble them with an | AI-first core, |\n| empower the business | with agile digit | al at scale and drive con | tinuous improv | ement with alway | s-on learning |\n| through the transfer of | digital skills, | expertise, and ideas fro | m our innovatio | n ecosystem. W | e are deeply |\n| committed to being a w | ell-governed, | environmentally sustain | able organizatio | n where diverse | talent thrives |\n| in an inclusive workplac | e. |  |  |  |  |\n| Visit www.infosys.com t | o see how Inf | osys (NSE, BSE, NYSE: | INFY) can help | your enterprise | navigate your |\n| next. |  |  |  |  |  |\n| Safe Harbor |  |  |  |  |  |\n| Certain statements in | this release | concerning our future | growth prospec | ts, or our futur | e financial or |\n| operating performance, | are forward-l | ooking statements inten | ded to qualify f | or the 'safe harb | or' under the |\n| Private Securities Litig | ation Reform | Act of 1995, which invo | lve a number | of risks and unc | ertainties that |\n| could cause actual resu | lts or outcom | es to differ materially fro | m those in suc | h forward-lookin | g statements. |\n| The risks and uncerta | inties relatin | g to these statements | include, but a | re not limited | to, risks and |\n| uncertainties regarding | the execution | of our business strateg | y, increased co | mpetition for tale | nt, our ability |\n| to attract and retain pe | rsonnel, incr | ease in wages, investm | ents to reskill | our employees, | our ability to |\n| effectively implement | a hybrid w | ork model, economic | uncertainties | and geo-politic | al situations, |\n| technological disruption | s and innov | ations such as Generati | ve AI, the com | plex and evolvi | ng regulatory |\n| landscape including im | migration reg | ulation changes, our E | SG vision, our | capital allocatio | n policy and |\n| expectations concernin | g our marke | t position, future opera | tions, margins, | profitability, liq | uidity, capital |\n| resources, our corporat | e actions incl | uding acquisitions, and | cybersecurity | matters. Importan | t factors that |\n| may cause actual resul | ts or outcom | es to differ from those i | mplied by the fo | rward-looking st | atements are |\n| discussed in more detai | l in our US Se | curities and Exchange C | ommission filin | gs including our A | nnual Report |\n| on Form 20-F for the fis | cal year ende | d March 31, 2024. These | filings are ava | ilable at www.se | c.gov. Infosys |\n| may, from time to time, | make additio | nal written and oral forw | ard-looking sta | tements, includin | g statements |\n| contained in the Comp | any's filings | with the Securities and | Exchange Co | mmission and o | ur reports to |\n| shareholders. The Com | pany does n | ot undertake to update | any forward-lo | oking statements | that may be |\n| made from time to time | by or on beh | alf of the Company unles | s it is required | by law. |  |\n| Media Contacts: |  |  |  |  |  |\n| For further information, | please conta | ct: PR_Global@infosys. | com |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "Introduction", "subsection": "JV to accelerate business process transformation for enterprises leveraging digital procurement \nplatforms \n  \nBengaluru, India and Tokyo, Japan – April 17, 2025 – Infosys (NSE, BSE, NYSE: INFY),  a global leader \nin next-generation digital services and consulting, today announced Mitsubishi Heavy Industries (MHI) has \ninvested in the Infosys-led Joint Venture HIPUS, enhancing Infosys’ presence in Japan. MHI is one of the \nworld’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace \nand defense, and has established corporations like Hitachi Ltd., Panasonic Corporation and Pasona. \n  \nHIPUS, in which Infosys owns a majority stake, was set up in 2019, to drive high-quality, end-to-end \nprocurement processes along with sourcing and category expertise, leveraging next-generation digital \nplatforms for Japanese corporations. \n  \nMHI has been a longstanding customer of HIPUS and has now expanded the collaboration by acquiring \na  2 percent stake from Infosys. Through this investment MHI aims to further explore new business \nopportunities in the region. \n  \nAnantha Radhakrishnan, CEO and MD, Infosys BPM, and Chairperson, HIPUS  Board said, “Japan \ncontinues to be a strategic market for Infosys and HIPUS and we have consistently expanded our footprint \nin the region. This collaboration with MHI reinforces Infosys’ commitment towards building trusted \ncollaboration with customers in Japan and accelerating their digital business process transformation \njourney. Infosys is excited to welcome Mitsubishi Heavy Industries to HIPUS.” \n  \nIsao Miyake, Head, Value Chain Headquarters, Mitsubishi Heavy Industries, said, “In our company’s \nongoing efforts to upgrade procurement activities through a data-driven strategy, we expect HIPUS \nadvanced analytics and support to significantly improve procurement operations, enable well informed \ndecision making, and generate greater value across the organization.” \n  \nKiyoshi Asami, CEO and Representative Director, HIPUS, said, “MHI has become an important client \nfor HIPUS receiving a wide range of services. HIPUS is also executing MHI services beyond Japan, \nleveraging Infosys’ global presence as well as its strong sourcing and procurement services. We are \nextremely delighted that MHI has decided to invest in HIPUS and we look forward to an impactful \ncollaboration.” \n \nThe transaction is expected to close during the first quarter of fiscal year 2026 (i.e. quarter ending June 30, \n2025), subject to customary closing conditions. \n \nAbout Mitsubishi Heavy Industries (MHI) Group \nMitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, \nsmart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge \ntechnology with deep experience to deliver innovative, integrated solutions that help to realize a carbon \nneutral world, improve the quality of life and ensure a safer world. For more information, please \nvisit www.mhi.com", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "601c98a86c6bb036", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Introduction > JV to accelerate business process transformation for enterprises leveraging digital procurement \nplatforms \n  \nBengaluru, India and Tokyo, Japan – April 17, 2025 – Infosys (NSE, BSE, NYSE: INFY),  a global leader \nin next-generation digital services and consulting, today announced Mitsubishi Heavy Industries (MHI) has \ninvested in the Infosys-led Joint Venture HIPUS, enhancing Infosys’ presence in Japan. MHI is one of the \nworld’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace \nand defense, and has established corporations like Hitachi Ltd., Panasonic Corporation and Pasona. \n  \nHIPUS, in which Infosys owns a majority stake, was set up in 2019, to drive high-quality, end-to-end \nprocurement processes along with sourcing and category expertise, leveraging next-generation digital \nplatforms for Japanese corporations. \n  \nMHI has been a longstanding customer of HIPUS and has now expanded the collaboration by acquiring \na  2 percent stake from Infosys. Through this investment MHI aims to further explore new business \nopportunities in the region. \n  \nAnantha Radhakrishnan, CEO and MD, Infosys BPM, and Chairperson, HIPUS  Board said, “Japan \ncontinues to be a strategic market for Infosys and HIPUS and we have consistently expanded our footprint \nin the region. This collaboration with MHI reinforces Infosys’ commitment towards building trusted \ncollaboration with customers in Japan and accelerating their digital business process transformation \njourney. Infosys is excited to welcome Mitsubishi Heavy Industries to HIPUS.” \n  \nIsao Miyake, Head, Value Chain Headquarters, Mitsubishi Heavy Industries, said, “In our company’s \nongoing efforts to upgrade procurement activities through a data-driven strategy, we expect HIPUS \nadvanced analytics and support to significantly improve procurement operations, enable well informed \ndecision making, and generate greater value across the organization.” \n  \nKiyoshi Asami, CEO and Representative Director, HIPUS, said, “MHI has become an important client \nfor HIPUS receiving a wide range of services. HIPUS is also executing MHI services beyond Japan, \nleveraging Infosys’ global presence as well as its strong sourcing and procurement services. We are \nextremely delighted that MHI has decided to invest in HIPUS and we look forward to an impactful \ncollaboration.” \n \nThe transaction is expected to close during the first quarter of fiscal year 2026 (i.e. quarter ending June 30, \n2025), subject to customary closing conditions. \n \nAbout Mitsubishi Heavy Industries (MHI) Group \nMitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, \nsmart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge \ntechnology with deep experience to deliver innovative, integrated solutions that help to realize a carbon \nneutral world, improve the quality of life and ensure a safer world. For more information, please \nvisit www.mhi.com | Page: 16\n\n| isclosure under S | EBI | (Listi | ng Obligations | and Disclosure | Requirements) | Regulation | s, 2015: - |\n|---|---|---|---|---|---|---|---|\n| Name(s) of parties | with | whom | the | Infosys Singapore | Pte Ltd. (“Infos | ys Singapo | re”), a wholly |\n| agreement is entere | d |  |  | owned subsidiar | y of Infosys L | imited (“In | fosys”) and |\n|  |  |  |  | Mitsubishi Heavy | Industries Ltd. | (Mitsubishi) | , one of the |\n|  |  |  |  | world’s leading in | dustrial groups, | spanning e | nergy, smart |\n|  |  |  |  | infrastructure, in | dustrial machi | nery, aero | space and |\n|  |  |  |  | defense, Hitachi | Ltd.(“Hitachi”), | Panasonic | Corporation |\n|  |  |  |  | (“Panasonic”) and | Pasona Inc. (“P | asona”). |  |\n|  |  |  |  | HIPUS Co. Ltd.(“ | HIPUS”), a joint | venture ( | JV) between |\n|  |  |  |  | Infosys Singapore | , Hitachi, Panas | onic and Pa | sona. |\n|  |  |  |  | Infosys Singapor | e currently owns | 81% stak | e in the JV, |\n|  |  |  |  | Hitachi 15%, Pan | asonic 2%, and P | asona 2%. |  |\n| Purpose of entering | into | the | agreement | HIPUS, Infosys’ | led Joint Vent | ure in Jap | an aims to |\n|  |  |  |  | accelerate busine | ss process transf | ormation fo | r enterprises |\n|  |  |  |  | leveraging digital | procurement pl | atforms. M | itsubishi has |\n|  |  |  |  | been a longstan | ding customer o | f HIPUS a | nd has now |\n|  |  |  |  | expanded the coll | aboration by acq | uiring a 2 p | ercent stake |\n|  |  |  |  | from Infosys Sing | apore in the joint | venture. |  |\n|  |  |  |  | Japan continues | to be a strategic | market for | Infosys and |\n|  |  |  |  | Infosys has con | sistently expand | ed its foo | tprint in the |\n|  |  |  |  | region. This co | llaboration with | Mitsubish | i reinforces |\n|  |  |  |  | Infosys’ commitm | ent towards build | ing trusted | collaboration |\n|  |  |  |  | with customers i | n Japan and a | ccelerating | their digital |\n|  |  |  |  | business process | transformation jo | urney. |  |\n| Shareholding, if any | , in | the e | ntity with | Nil. |  |  |  |\n| whom the agreeme | nt is | exec | uted |  |  |  |  |\n| Significant terms of | the | agree | ment (in | Infosys Singapor | e to divest 2% s | take at JP | Y 150mn to |\n| brief) special rights | like | right t | o appoint | Mitsubishi. |  |  |  |\n| directors, first right t | o sh | are s | ubscription |  |  |  |  |\n| in case of issuance | of s | hares | , right to |  |  |  |  |\n| restrict any change | in c | apital | structure |  |  |  |  |\n| etc. |  |  |  |  |  |  |  |\n| Whether the said p | artie | s are | related to | No |  |  |  |\n| promoter/promoter | grou | p/ gr | oup |  |  |  |  |\n| companies in any m | ann | er. If | yes, nature |  |  |  |  |\n| of relationship; |  |  |  |  |  |  |  |\n| Whether the transa | ction | woul | d fall within | No. |  |  |  |\n| related party transa | ctio | ns? If | yes, whether |  |  |  |  |\n| the same is done at | “ar | m’s le | ngth”; |  |  |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "Introduction", "subsection": "JV to accelerate business process transformation for enterprises leveraging digital procurement \nplatforms \n  \nBengaluru, India and Tokyo, Japan – April 17, 2025 – Infosys (NSE, BSE, NYSE: INFY),  a global leader \nin next-generation digital services and consulting, today announced Mitsubishi Heavy Industries (MHI) has \ninvested in the Infosys-led Joint Venture HIPUS, enhancing Infosys’ presence in Japan. MHI is one of the \nworld’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace \nand defense, and has established corporations like Hitachi Ltd., Panasonic Corporation and Pasona. \n  \nHIPUS, in which Infosys owns a majority stake, was set up in 2019, to drive high-quality, end-to-end \nprocurement processes along with sourcing and category expertise, leveraging next-generation digital \nplatforms for Japanese corporations. \n  \nMHI has been a longstanding customer of HIPUS and has now expanded the collaboration by acquiring \na  2 percent stake from Infosys. Through this investment MHI aims to further explore new business \nopportunities in the region. \n  \nAnantha Radhakrishnan, CEO and MD, Infosys BPM, and Chairperson, HIPUS  Board said, “Japan \ncontinues to be a strategic market for Infosys and HIPUS and we have consistently expanded our footprint \nin the region. This collaboration with MHI reinforces Infosys’ commitment towards building trusted \ncollaboration with customers in Japan and accelerating their digital business process transformation \njourney. Infosys is excited to welcome Mitsubishi Heavy Industries to HIPUS.” \n  \nIsao Miyake, Head, Value Chain Headquarters, Mitsubishi Heavy Industries, said, “In our company’s \nongoing efforts to upgrade procurement activities through a data-driven strategy, we expect HIPUS \nadvanced analytics and support to significantly improve procurement operations, enable well informed \ndecision making, and generate greater value across the organization.” \n  \nKiyoshi Asami, CEO and Representative Director, HIPUS, said, “MHI has become an important client \nfor HIPUS receiving a wide range of services. HIPUS is also executing MHI services beyond Japan, \nleveraging Infosys’ global presence as well as its strong sourcing and procurement services. We are \nextremely delighted that MHI has decided to invest in HIPUS and we look forward to an impactful \ncollaboration.” \n \nThe transaction is expected to close during the first quarter of fiscal year 2026 (i.e. quarter ending June 30, \n2025), subject to customary closing conditions. \n \nAbout Mitsubishi Heavy Industries (MHI) Group \nMitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, \nsmart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge \ntechnology with deep experience to deliver innovative, integrated solutions that help to realize a carbon \nneutral world, improve the quality of life and ensure a safer world. For more information, please \nvisit www.mhi.com", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "09c10ac0d1094c97", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Introduction > JV to accelerate business process transformation for enterprises leveraging digital procurement \nplatforms \n  \nBengaluru, India and Tokyo, Japan – April 17, 2025 – Infosys (NSE, BSE, NYSE: INFY),  a global leader \nin next-generation digital services and consulting, today announced Mitsubishi Heavy Industries (MHI) has \ninvested in the Infosys-led Joint Venture HIPUS, enhancing Infosys’ presence in Japan. MHI is one of the \nworld’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace \nand defense, and has established corporations like Hitachi Ltd., Panasonic Corporation and Pasona. \n  \nHIPUS, in which Infosys owns a majority stake, was set up in 2019, to drive high-quality, end-to-end \nprocurement processes along with sourcing and category expertise, leveraging next-generation digital \nplatforms for Japanese corporations. \n  \nMHI has been a longstanding customer of HIPUS and has now expanded the collaboration by acquiring \na  2 percent stake from Infosys. Through this investment MHI aims to further explore new business \nopportunities in the region. \n  \nAnantha Radhakrishnan, CEO and MD, Infosys BPM, and Chairperson, HIPUS  Board said, “Japan \ncontinues to be a strategic market for Infosys and HIPUS and we have consistently expanded our footprint \nin the region. This collaboration with MHI reinforces Infosys’ commitment towards building trusted \ncollaboration with customers in Japan and accelerating their digital business process transformation \njourney. Infosys is excited to welcome Mitsubishi Heavy Industries to HIPUS.” \n  \nIsao Miyake, Head, Value Chain Headquarters, Mitsubishi Heavy Industries, said, “In our company’s \nongoing efforts to upgrade procurement activities through a data-driven strategy, we expect HIPUS \nadvanced analytics and support to significantly improve procurement operations, enable well informed \ndecision making, and generate greater value across the organization.” \n  \nKiyoshi Asami, CEO and Representative Director, HIPUS, said, “MHI has become an important client \nfor HIPUS receiving a wide range of services. HIPUS is also executing MHI services beyond Japan, \nleveraging Infosys’ global presence as well as its strong sourcing and procurement services. We are \nextremely delighted that MHI has decided to invest in HIPUS and we look forward to an impactful \ncollaboration.” \n \nThe transaction is expected to close during the first quarter of fiscal year 2026 (i.e. quarter ending June 30, \n2025), subject to customary closing conditions. \n \nAbout Mitsubishi Heavy Industries (MHI) Group \nMitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, \nsmart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge \ntechnology with deep experience to deliver innovative, integrated solutions that help to realize a carbon \nneutral world, improve the quality of life and ensure a safer world. For more information, please \nvisit www.mhi.com | Page: 17\n\n| In case of issuanc | e of sh | ares to the | Not applicabl | e |  |  |  |\n|---|---|---|---|---|---|---|---|\n| parties, details of | issue p | rice, class of |  |  |  |  |  |\n| shares issued; |  |  |  |  |  |  |  |\n| Any other disclos | ures rel | ated to such | No |  |  |  |  |\n| agreements, viz., | details | of nominee on |  |  |  |  |  |\n| the board of direc | tors of t | he listed entity, |  |  |  |  |  |\n| potential conflict o | f intere | st arising out of |  |  |  |  |  |\n| such agreements, | etc.; |  |  |  |  |  |  |\n| In case of termina | tion or | amendment of | a) Infosys Sin | gapo | re, Hitachi, Panasonic, | Pasona | and |\n| agreement, listed additional details t exchange(s): | entity s o the s | hall disclose tock | Mitsubishi b) Sharehold c) April 17, 20 | er Agr 25 | eement. |  |  |\n| a) name of parties b) nature of the a c) date of executi d) details of amen | to the greeme on of th dment | agreement; nt; e agreement; and impact | d) Amendme HIPUS execu Singapore, Hi of Mitsubishi and reducing | nt to ted o tachi as a Info | the existing Sharehold n December 14 2018 , Panasonic and Pason shareholder to the exte sys Singapore’s perce | er agree between a for the nt of 2% ntage o | ment of Infosys addition shares f equity |\n| thereof or reasons impact thereof. | of ter | mination and | shareholding The transacti | from on is | 81% to 79%. expected to close durin | g the first | quarter |\n|  |  |  | of fiscal year | 202 | 6 (i.e. quarter ending | 30th Jun | 2025), |\n|  |  |  | subject to cus | toma | ry closing conditions. |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "Introduction", "subsection": "JV to accelerate business process transformation for enterprises leveraging digital procurement \nplatforms \n  \nBengaluru, India and Tokyo, Japan – April 17, 2025 – Infosys (NSE, BSE, NYSE: INFY),  a global leader \nin next-generation digital services and consulting, today announced Mitsubishi Heavy Industries (MHI) has \ninvested in the Infosys-led Joint Venture HIPUS, enhancing Infosys’ presence in Japan. MHI is one of the \nworld’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace \nand defense, and has established corporations like Hitachi Ltd., Panasonic Corporation and Pasona. \n  \nHIPUS, in which Infosys owns a majority stake, was set up in 2019, to drive high-quality, end-to-end \nprocurement processes along with sourcing and category expertise, leveraging next-generation digital \nplatforms for Japanese corporations. \n  \nMHI has been a longstanding customer of HIPUS and has now expanded the collaboration by acquiring \na  2 percent stake from Infosys. Through this investment MHI aims to further explore new business \nopportunities in the region. \n  \nAnantha Radhakrishnan, CEO and MD, Infosys BPM, and Chairperson, HIPUS  Board said, “Japan \ncontinues to be a strategic market for Infosys and HIPUS and we have consistently expanded our footprint \nin the region. This collaboration with MHI reinforces Infosys’ commitment towards building trusted \ncollaboration with customers in Japan and accelerating their digital business process transformation \njourney. Infosys is excited to welcome Mitsubishi Heavy Industries to HIPUS.” \n  \nIsao Miyake, Head, Value Chain Headquarters, Mitsubishi Heavy Industries, said, “In our company’s \nongoing efforts to upgrade procurement activities through a data-driven strategy, we expect HIPUS \nadvanced analytics and support to significantly improve procurement operations, enable well informed \ndecision making, and generate greater value across the organization.” \n  \nKiyoshi Asami, CEO and Representative Director, HIPUS, said, “MHI has become an important client \nfor HIPUS receiving a wide range of services. HIPUS is also executing MHI services beyond Japan, \nleveraging Infosys’ global presence as well as its strong sourcing and procurement services. We are \nextremely delighted that MHI has decided to invest in HIPUS and we look forward to an impactful \ncollaboration.” \n \nThe transaction is expected to close during the first quarter of fiscal year 2026 (i.e. quarter ending June 30, \n2025), subject to customary closing conditions. \n \nAbout Mitsubishi Heavy Industries (MHI) Group \nMitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, \nsmart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge \ntechnology with deep experience to deliver innovative, integrated solutions that help to realize a carbon \nneutral world, improve the quality of life and ensure a safer world. For more information, please \nvisit www.mhi.com", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "77eb84cdd0d68138", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Introduction > Particulars \nDetails | Page: 18\n\n|  |  |  |  |  |  | A | nnexure IV |\n|---|---|---|---|---|---|---|---|\n| isclo | sure under SEBI (L | isti | ng Obligations | and Dis | closure Require | ments) Regulations | , 2015: - |\n| Sl | Particulars |  | Details |  |  |  |  |\n| no |  |  |  |  |  |  |  |\n| 1. | Reason for Chan | ge | Appointment of | Makaran | d M. Joshi & Co, | Peer Reviewed Firm | of Company |\n|  | viz. appointment |  | Secretaries in P | ractice | (Firm registratio | n number: P2009MH | 007000), as |\n|  |  |  | Secretarial Audit | ors of th | e Company. |  |  |\n| 2. | Date of appointme | nt | The Board at its | meeting | held on April 17 | , 2025, approved the | appointment |\n|  | and term | of | of Makarand M. | Joshi & | Co., as Secretar | ial Auditors, for an au | dit period of |\n|  | appointment |  | five consecutive | years | commencing fro | m FY 2025-26 till | FY 2029-30, |\n|  |  |  | subject to appro | val of t | he shareholders | at the ensuing Ann | ual General |\n|  |  |  | Meeting. |  |  |  |  |\n| 3. | Brief Profile (in case | of | M/s. Makarand | M. Josh | i & Co. (MMJC | ) is a leading firm | of practicing |\n|  | appointment) |  | Company Secre | taries w | ith over 25 ye | ars of experience i | n delivering |\n|  |  |  | comprehensive | profess | ional services | across Corporate | Laws, SEBI |\n|  |  |  | Regulations and | FEMA | Regulations. Th | eir expertise includes | conducting |\n|  |  |  | Secretarial Audit | s, Due D | iligence Audits, | Compliance Audits et | c. |\n| 4. | Disclosure | of | Not applicable |  |  |  |  |\n|  | relationships betwe | en |  |  |  |  |  |\n|  | directors (in case | of |  |  |  |  |  |\n|  | appointment of | a |  |  |  |  |  |\n|  | director) |  |  |  |  |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "Introduction", "subsection": "Particulars \nDetails", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "e42975a57b2c99b0", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Free  \nCash Flow > *EPS Increase post normalisation of Income Tax refunds \n^LTM (Last twelve months) Revenues | Page: 19\n\n|  | Reported | CC |\n|---|---|---|\n| QoQ growth (%) | -4.2% | -3.5% |\n| YoY growth (%) | 3.6% | 4.8% |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "Free  \nCash Flow", "subsection": "*EPS Increase post normalisation of Income Tax refunds \n^LTM (Last twelve months) Revenues", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "2915e80b7ea06dd3", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Free  \nCash Flow > *EPS Increase post normalisation of Income Tax refunds \n^LTM (Last twelve months) Revenues | Page: 19\n\n|  | Quarter ended |  |  |  |  |\n|---|---|---|---|---|---|\n|  | Mar 31, 2025 | Dec 31, 2024 | Mar 31, 2024 | Reported |  |\n| Financial services | 28.4 | 27.8 | 26.4 | 11.4 | 12.6 |\n| Manufacturing | 15.9 | 15.5 | 14.7 | 12.1 | 14.0 |\n| Retail | 13.3 | 13.8 | 14.3 | (3.8) | (2.6) |\n| Energy, Utilities, Resources & Services | 13.0 | 13.5 | 13.4 | 0.6 | 1.5 |\n| Communication | 11.7 | 11.2 | 12.3 | (1.3) | 0 .0 |\n| Hi-Tech | 8 .3 | 7 .9 | 8 .7 | (1.6) | (1.1) |\n| Life Sciences | 6 .8 | 7.6 | 7 .3 | (3.9) | (3.4) |\n| Others | 2 .6 | 2.7 | 2 .9 | (4.6) | (2.8) |\n| Total | 1 00.0 | 100.0 | 100.0 | 3.6 | 4.8 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "Free  \nCash Flow", "subsection": "*EPS Increase post normalisation of Income Tax refunds \n^LTM (Last twelve months) Revenues", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "1075e19c59d46ab5", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Free  \nCash Flow > *EPS Increase post normalisation of Income Tax refunds \n^LTM (Last twelve months) Revenues | Page: 19\n\n|  | Quarter ended |  |  | YoY Growth |  |\n|---|---|---|---|---|---|\n|  | Mar 31, 2025 | Dec 31, 2024 | Mar 31, 2024 | Reported | CC |\n| North America | 57.1 | 58.4 | 59.6 | (0.8) | (0.4) |\n| Europe | 31.2 | 29.8 | 28.6 | 12.9 | 15.0 |\n| Rest of the world | 8.8 | 8.7 | 9.6 | (4.5) | (2.2) |\n| India | 2.9 | 3.1 | 2.2 | 39.0 | 43.7 |\n| Total | 100.0 | 100.0 | 100.0 | 3.6 | 4.8 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "Free  \nCash Flow", "subsection": "*EPS Increase post normalisation of Income Tax refunds \n^LTM (Last twelve months) Revenues", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "9c7df807688895b0", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Free  \nCash Flow > *EPS Increase post normalisation of Income Tax refunds \n^LTM (Last twelve months) Revenues | Page: 19\n\n|  | Quarter ended |  |  |\n|---|---|---|---|\n|  | Mar 31, 2025 | Dec 31, 2024 | Mar 31, 2024 |\n| Number of Clients |  |  |  |\n| Active | 1,869 | 1,876 | 1,882 |\n| Added during the period (gross) | 91 | 1 01 | 98 |\n| Number of Million dollar clients^ |  |  |  |\n| 1 Million dollar + | 9 92 | 9 97 | 9 59 |\n| 10 Million dollar + | 3 09 | 3 01 | 3 15 |\n| 50 Million dollar + | 85 | 89 | 83 |\n| 100 Million dollar + | 39 | 41 | 40 |\n| Client contribution to revenues |  |  |  |\n| Top 5 clients | 13.1% | 12.7% | 13.6% |\n| Top 10 clients | 20.7% | 19.9% | 20.4% |\n| Top 25 clients | 34.8% | 34.2% | 34.3% |\n| Days Sales Outstanding^ | 69 | 74 | 71 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "Free  \nCash Flow", "subsection": "*EPS Increase post normalisation of Income Tax refunds \n^LTM (Last twelve months) Revenues", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "00655f5a9e1daf32", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023 > (1) Free cash flow is defined as net cash provided by operating activities less capital expenditure as per the consolidated statement of cash flows prepared under IFRS \n(Non-IFRS measure) \n(2) Consolidated cash and investments comprise of cash and cash equivalents, current and non-current investments excluding investments in equity and preference \nshares and others (Non-IFRS measure) | Page: 20\n\n|  | Quarter ended |  |  |\n|---|---|---|---|\n|  | Mar 31, 2025 | Dec 31, 2024 | Mar 31, 2024 |\n| Effort |  |  |  |\n| Onsite | 23.6 | 24.0 | 24.2 |\n| Offshore | 76.4 | 76.0 | 75.8 |\n| Utilization |  |  |  |\n| Including trainees | 81.9 | 83.4 | 82.0 |\n| Excluding trainees | 84.9 | 86.0 | 83.5 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Free cash flow is defined as net cash provided by operating activities less capital expenditure as per the consolidated statement of cash flows prepared under IFRS \n(Non-IFRS measure) \n(2) Consolidated cash and investments comprise of cash and cash equivalents, current and non-current investments excluding investments in equity and preference \nshares and others (Non-IFRS measure)", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ce83568ad059fed1", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023 > (1) Free cash flow is defined as net cash provided by operating activities less capital expenditure as per the consolidated statement of cash flows prepared under IFRS \n(Non-IFRS measure) \n(2) Consolidated cash and investments comprise of cash and cash equivalents, current and non-current investments excluding investments in equity and preference \nshares and others (Non-IFRS measure) | Page: 20\n\n|  | Quarter ended |  |  |\n|---|---|---|---|\n|  | Mar 31, 2025 | Dec 31, 2024 | Mar 31, 2024 |\n| Total employees | 323,578 | 323,379 | 317,240 |\n| S/W professionals | 306,599 | 306,528 | 299,814 |\n| Sales & Support | 16,979 | 16,851 | 17,426 |\n| Voluntary Attrition % (LTM - IT Services) | 14.1% | 13.7% | 12.6% |\n| % of Women Employees | 39.0% | 39.0% | 39.3% |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Free cash flow is defined as net cash provided by operating activities less capital expenditure as per the consolidated statement of cash flows prepared under IFRS \n(Non-IFRS measure) \n(2) Consolidated cash and investments comprise of cash and cash equivalents, current and non-current investments excluding investments in equity and preference \nshares and others (Non-IFRS measure)", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "8468e5d76c3ced84", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023 > (1) Free cash flow is defined as net cash provided by operating activities less capital expenditure as per the consolidated statement of cash flows prepared under IFRS \n(Non-IFRS measure) \n(2) Consolidated cash and investments comprise of cash and cash equivalents, current and non-current investments excluding investments in equity and preference \nshares and others (Non-IFRS measure) | Page: 20\n\n|  | Quarter ended |  |  |\n|---|---|---|---|\n|  | Mar 31, 2025 | Dec 31, 2024 | Mar 31, 2024 |\n| Free cash flow (1) | 892 | 1,263 | 848 |\n| Consolidated cash and investments (2) | 5,562 | 4,653 | 4,676 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Free cash flow is defined as net cash provided by operating activities less capital expenditure as per the consolidated statement of cash flows prepared under IFRS \n(Non-IFRS measure) \n(2) Consolidated cash and investments comprise of cash and cash equivalents, current and non-current investments excluding investments in equity and preference \nshares and others (Non-IFRS measure)", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "4135e723aed668d7", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023 > (1) Free cash flow is defined as net cash provided by operating activities less capital expenditure as per the consolidated statement of cash flows prepared under IFRS \n(Non-IFRS measure) \n(2) Consolidated cash and investments comprise of cash and cash equivalents, current and non-current investments excluding investments in equity and preference \nshares and others (Non-IFRS measure) | Page: 20\n\n|  | Quarter ended |  |  |\n|---|---|---|---|\n|  | Mar 31, 2025 | Dec 31, 2024 | Mar 31, 2024 |\n| Free cash flow (1) | 7,737 | 10,647 | 7,032 |\n| Consolidated cash and investments (2) | 47,549 | 39,836 | 39,005 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Free cash flow is defined as net cash provided by operating activities less capital expenditure as per the consolidated statement of cash flows prepared under IFRS \n(Non-IFRS measure) \n(2) Consolidated cash and investments comprise of cash and cash equivalents, current and non-current investments excluding investments in equity and preference \nshares and others (Non-IFRS measure)", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "f5113a316fbb7b00", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023 > (1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of $38Mn with reversal of net tax provisions amounting to $12Mn in FY’25 and interest income (pre-tax) of $232Mn with reversal \nof net tax provisions amounting to $5Mn in FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, from the Income Tax \nAuthorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately $0.01 for the \nquarter and year ended March 31, 2025 and $0.06 for the quarter and year ended March 31, 2024 \n(3) USD/INR exchange rate of 86.10 considered for Q4’25 \n(4) Dividend excludes special Dividend of $0.10 per share for the quarter and year ended March 31, 2024 \n(5) Dividend Growth (%) calculated in INR terms | Page: 21\n\n|  | Mar 31, 2025 | Mar 31, 2024 | Growth % YoY | Dec 31, 2024 |  |\n|---|---|---|---|---|---|\n| Revenues | 4,730 | 4,564 | 3.6% | 4,939 | -4.2% |\n| Cost of sales | 3,302 | 3,219 | 2.6% | 3,444 | -4.1% |\n| Gross Profit | 1,428 | 1,345 | 6.2% | 1,495 | -4.5% |\n| Operating Expenses: |  |  |  |  |  |\n| Selling and marketing expenses | 226 | 209 | 8.1% | 218 | 3.7% |\n| Administrative expenses | 210 | 219 | -4.1% | 224 | -6.3% |\n| Total Operating Expenses | 436 | 428 | 1.9% | 442 | -1.4% |\n| Operating Profit | 992 | 917 | 8.2% | 1,053 | -5.8% |\n| Operating Margin % | 21.0 | 20.1 | 0.9% | 21.3 | -0.3% |\n| Other Income, net(1)(2) | 125 | 315 | -60.3% | 90 | 38.9% |\n| Profit before income taxes | 1,117 | 1,232 | -9.3% | 1,143 | -2.3% |\n| Income tax expense(2) | 303 | 273 | 11.0% | 337 | -10.1% |\n| Net Profit (before minority interest) | 814 | 959 | -15.2% | 806 | 0.9% |\n| Net Profit (after minority interest) | 813 | 958 | -15.2% | 804 | 1.1% |\n| Basic EPS ($)(2) | 0.20 | 0.23 | -15.2% | 0.19 | 1.1% |\n| Diluted EPS ($)(2) | 0.20 | 0.23 | -15.3% | 0.19 | 1.1% |\n| Dividend Per Share ($)(3)(4)(5) | 0.26 | 0.24 | 10.0% | - | - |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 21, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of $38Mn with reversal of net tax provisions amounting to $12Mn in FY’25 and interest income (pre-tax) of $232Mn with reversal \nof net tax provisions amounting to $5Mn in FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, from the Income Tax \nAuthorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately $0.01 for the \nquarter and year ended March 31, 2025 and $0.06 for the quarter and year ended March 31, 2024 \n(3) USD/INR exchange rate of 86.10 considered for Q4’25 \n(4) Dividend excludes special Dividend of $0.10 per share for the quarter and year ended March 31, 2024 \n(5) Dividend Growth (%) calculated in INR terms", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "48005afff633279c", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023 > (1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of $38Mn with reversal of net tax provisions amounting to $12Mn in FY’25 and interest income (pre-tax) of $232Mn with reversal \nof net tax provisions amounting to $5Mn in FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, from the Income Tax \nAuthorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately $0.01 for the \nquarter and year ended March 31, 2025 and $0.06 for the quarter and year ended March 31, 2024 \n(3) USD/INR exchange rate of 86.10 considered for Q4’25 \n(4) Dividend excludes special Dividend of $0.10 per share for the quarter and year ended March 31, 2024 \n(5) Dividend Growth (%) calculated in INR terms | Page: 21\n\n|  | Mar 31, 2025 | Mar 31, 2024 |  |\n|---|---|---|---|\n| Revenues | 19,277 | 18,562 | 3.9% |\n| Cost of sales | 13,405 | 12,975 | 3.3% |\n| Gross Profit | 5 ,872 | 5 ,587 | 5.1% |\n| Operating Expenses: |  |  |  |\n| Selling and marketing expenses | 8 98 | 8 42 | 6.7% |\n| Administrative expenses | 9 03 | 9 11 | -0.9% |\n| Total Operating Expenses | 1,801 | 1 ,753 | 2.7% |\n| Operating Profit | 4 ,071 | 3 ,834 | 6.2% |\n| Operating Margin % | 21.1 | 20.7 | 0.5% |\n| Other Income, net(1)(2) | 3 76 | 5 12 | -26.6% |\n| Profit before income taxes | 4 ,447 | 4 ,346 | 2.3% |\n| Income tax expense(2) | 1,285 | 1,177 | 9.2% |\n| Net Profit (before minority interest) | 3 ,162 | 3 ,169 | -0.2% |\n| Net Profit (after minority interest) | 3 ,158 | 3 ,167 | -0.3% |\n| Basic EPS ($)(2) | 0.76 | 0.77 | -0.3% |\n| Diluted EPS ($)(2) | 0.76 | 0.76 | -0.5% |\n| Dividend Per Share ($)(3)(4)(5) | 0.51 | 0.46 | 13.2% |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 21, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of $38Mn with reversal of net tax provisions amounting to $12Mn in FY’25 and interest income (pre-tax) of $232Mn with reversal \nof net tax provisions amounting to $5Mn in FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, from the Income Tax \nAuthorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately $0.01 for the \nquarter and year ended March 31, 2025 and $0.06 for the quarter and year ended March 31, 2024 \n(3) USD/INR exchange rate of 86.10 considered for Q4’25 \n(4) Dividend excludes special Dividend of $0.10 per share for the quarter and year ended March 31, 2024 \n(5) Dividend Growth (%) calculated in INR terms", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "cc18996b45821d23", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023 > (1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement. | Page: 22\n\n|  | Mar 31, 2025 | Mar 31, 2024 | Growth % YoY | Dec 31, 2024 |  |\n|---|---|---|---|---|---|\n| Revenues | 40,925 | 37,923 | 7.9% | 41,764 | -2.0% |\n| Cost of sales | 28,575 | 26,748 | 6.8% | 29,120 | -1.9% |\n| Gross Profit | 12,350 | 11,175 | 10.5% | 12,644 | -2.3% |\n| Operating Expenses: |  |  |  |  |  |\n| Selling and marketing expenses | 1,957 | 1,735 | 12.8% | 1,839 | 6.4% |\n| Administrative expenses | 1,818 | 1,819 | -0.1% | 1,893 | -4.0% |\n| Total Operating Expenses | 3,775 | 3,554 | 6.2% | 3,732 | 1.2% |\n| Operating Profit | 8,575 | 7,621 | 12.5% | 8,912 | -3.8% |\n| Operating Margin % | 21.0 | 20.1 | 0.9% | 21.3 | -0.3% |\n| Other Income, net(1)(2) | 1,088 | 2,619 | -58.5% | 758 | 43.5% |\n| Profit before income taxes | 9,663 | 10,240 | -5.6% | 9,670 | -0.1% |\n| Income tax expense(2) | 2,625 | 2,265 | 15.9% | 2,848 | -7.8% |\n| Net Profit (before minority interest) | 7,038 | 7,975 | -11.7% | 6,822 | 3.2% |\n| Net Profit (after minority interest) | 7,033 | 7,969 | -11.7% | 6,806 | 3.3% |\n| Basic EPS (₹)(2) | 16.98 | 19.25 | -11.8% | 16.43 | 3.3% |\n| Diluted EPS (₹)(2) | 16.94 | 19.22 | -11.9% | 16.39 | 3.3% |\n| Dividend Per Share (₹)(3) | 22.00 | 20.00 | 10.0% | - | - |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 22, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "15edc3b4ce35030c", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023 > (1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement. | Page: 22\n\n|  | Mar 31, 2025 | Mar 31, 2024 |  |\n|---|---|---|---|\n| Revenues | 162,990 | 153,670 | 6.1% |\n| Cost of sales | 113,347 | 107,413 | 5.5% |\n| Gross Profit | 49,643 | 46,257 | 7.3% |\n| Operating Expenses: |  |  |  |\n| Selling and marketing expenses | 7,588 | 6,973 | 8.8% |\n| Administrative expenses | 7,631 | 7,537 | 1.2% |\n| Total Operating Expenses | 15,219 | 14,510 | 4.9% |\n| Operating Profit | 34,424 | 31,747 | 8.4% |\n| Operating Margin % | 21.1 | 20.7 | 0.5% |\n| Other Income, net(1)(2) | 3,184 | 4,241 | -24.9% |\n| Profit before income taxes | 37,608 | 35,988 | 4.5% |\n| Income tax expense(2) | 10,858 | 9,740 | 11.5% |\n| Net Profit (before minority interest) | 26,750 | 26,248 | 1.9% |\n| Net Profit (after minority interest) | 26,713 | 26,233 | 1.8% |\n| Basic EPS (₹)(2) | 64.50 | 63.39 | 1.8% |\n| Diluted EPS (₹)(2) | 64.34 | 63.29 | 1.7% |\n| Dividend Per Share (₹)(3) | 43.00 | 38.00 | 13.2% |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 22, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2023", "subsection": "(1) Other income is net of Finance Cost \n(2) Includes interest income (pre-tax) of ₹327 crores and reversal of net tax provisions amounting to ₹101 crores for FY’25 and interest income (pre-tax) of ₹1,933 \ncrores and reversal of net tax provisions amounting to ₹38 crores for FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, \nfrom the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately \n₹1.03 for the quarter and year ended March 31, 2025 and ₹4.76 for the quarter and year ended March 31, 2024 \n(3) Dividend excludes special Dividend of ₹8.00 per share for the quarter and year ended March 31, 2024 \n \n \nAs the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the year ended figures reported in this statement.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "365e35df89a69891", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: $4.1 Bn FY \n$0.9 Bn Q4 > \"FY25 operating margins expanded by 0.5% which reflects our relentless focus on identifying opportunities \nfor efficiency and executing Project Maximus with discipline, after navigating through multiple headwinds \nin a challenging macro environment. We delivered the highest ever free cash flows in the history of the \ncompany in FY25,” said Jayesh Sanghrajka, CFO. The Board has proposed a final dividend of `22, \nwhich along with the interim dividend, is an increase of 13.2% over last year.\" he added. \n \n \n*EPS Increase post normalization of Income Tax refunds | Page: 46\n\n|  |  |  |  |  |  | IFRSIF –R | SIN –R I | NR |\n|---|---|---|---|---|---|---|---|---|\n| 1\\ | Growth of 4. | 2% in CC, op | erating mar | gin expansio | n of 0.5% in F | PresPsr eRsse l Y25 | Reealse | ea se |\n|  | High FY26 revenue | est ever Free guidance at | Cash Flow 0%-3% and | at $4.1 billion operating m | for FY25 argin at 20%- | 22% |  | e |\n| Bengaluru, Indi | a – April 17, 20 | 25: Infosys ( | NSE, BSE, | NYSE: INFY | ), a global lea | der in next-gene | ration |  |\n| digital services a | nd consulting, | delivered $1 | 9,277 millio | n in FY25 re | venues, grow | th of 4.2% in con | stant |  |\n| currency. Opera | ting margin wa | s at 21.1%, | expansion | of 0.5% yea | r on year. Fr | ee cash flow wa | s the |  |\n| highest ever at | $4,088 million, | an increase | of 41.8% y | ear on year. | TCV of larg | e deal wins was | $11.6 |  |\n| billion for the ye | ar, with 56% ne | t new. |  |  |  |  |  |  |\n| Q4 revenues we | re $4,730 milli | on, an increa | se of 4.8% | year on yea | r in constant | currency and 3. | 6% in |  |\n| reported terms. | Operating marg | in was at 21 | .0%, an inc | rease of 0.9 | % year on ye | ar. |  |  |\n| \"We have built a | resilient orga | nization with | sharp focu | s on client-c | entricity and | responsiveness t | o the |  |\n| market, thanks t | o the trust of ou | r clients and | dedication | of our emplo | yees. Our pe | rformance for the | year |  |\n| has been robus | t in terms of r | evenues, ex | pansion in | operating m | argins and h | ighest ever free | cash |  |\n| generation”, sai | d Salil Parekh, | CEO and M | D. “Our de | pth in AI, clo | ud and digit | al and strength in | cost |  |\n| efficiency, autom | ation, and con | solidation po | sition us w | ell for the nee | ds of our clie | nts”, he added. |  |  |\n| 4.2% FY | 21.1 | % FY | 8.3% F | Y $1 | 1.6 Bn FY | $4.1 Bn | FY |  |\n| 4.8% Q4 YoY CC Grow | 21.0 Operatin th | % Q4 g Margin | 10.1% EPS Incre | Q4 $2 ase | .6 Bn Q4 Large Deal | $0.9 Bn Free | Q4 |  |\n|  | 0.5% Incre | ase in FY | (₹ terms | )* | TCV | Cash Flo | w |  |\n| Guidance for F | Y26: |  |  |  |  |  |  |  |\n| • Revenue | growth of 0%- | 3% in consta | nt currency |  |  |  |  |  |\n| • Operatin | g margin of 20 | %-22% |  |  |  |  |  |  |\n| Key highlights: |  |  |  |  |  |  |  |  |\n| For the quart | er ended Marc | h 31, 2025 |  | For the year | ended Mar | ch 31, 2025 |  |  |\n| • Revenues i | n CC terms gre | w by 4.8% Y | oY and | • Revenues | in CC terms | grew by 4.2% Y | oY |  |\n| declined by | 3.5% QoQ |  |  |  |  |  |  |  |\n| • Reported re | venues at `40, | 925 crore, gr | owth of | • Reported | revenues at | `162,990 crore, | growth |  |\n| 7.9% YoY |  |  |  | of 6.1% Y | oY |  |  |  |\n| • Operating | margin at 21.0 | %, increase o | f 0.9% | • Operating | margin at 2 | 1.1%, growth o | f 0.5% |  |\n| YoY and de | cline of 0.3% Q | oQ |  | YoY |  |  |  |  |\n| • Basic EPS | at `16.98, decli | ne of 11.8% | YoY | • Basic EPS | at `64.50, g | rowth of 1.8% Y | oY |  |\n| • FCF at `7,7 | 37 crore, grow | th of 10.0% | YoY; | • FCF at `3 | 4,549 crore, | growth of 44.8% | YoY; |  |\n| FCF conve | rsion at 109.9% | of net profit |  | FCF conv | ersion at 129 | .2% of net profit |  |  |\n| \"FY25 operating | margins expan | ded by 0.5% | which refle | cts our relent | less focus on | identifying oppor | tunities |  |\n| for efficiency an | d executing Pro | ject Maximu | s with disci | pline, after n | avigating thro | ugh multiple hea | dwinds |  |\n| in a challenging | macro environ | ment. We de | livered the | highest ever | free cash fl | ows in the histor | y of the |  |\n| company in FY | 25,” said Jaye | sh Sanghraj | ka, CFO. | The Board h | as proposed | a final dividend | of `22 | , |\n| which along with | the interim div | idend, is an i | ncrease of | 13.2% over l | ast year.\" he | added. |  |  |\n| *EPS Increase post | normalization of In | come Tax refun | ds |  |  |  |  |  |\n| Infosys Limited – Pres | s Release |  |  |  |  | P | age 1 of 7 |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 46, "section": "$4.1 Bn FY \n$0.9 Bn Q4", "subsection": "\"FY25 operating margins expanded by 0.5% which reflects our relentless focus on identifying opportunities \nfor efficiency and executing Project Maximus with discipline, after navigating through multiple headwinds \nin a challenging macro environment. We delivered the highest ever free cash flows in the history of the \ncompany in FY25,” said Jayesh Sanghrajka, CFO. The Board has proposed a final dividend of `22, \nwhich along with the interim dividend, is an increase of 13.2% over last year.\" he added. \n \n \n*EPS Increase post normalization of Income Tax refunds", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ea6c413caa8064f6", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Press Release > • \nInfosys announced the launch of its open-source Responsible AI Toolkit designed to help \nenterprises innovate responsibly while addressing the challenges and risks associated with \nethical AI adoption. Sunil Abraham, Public Policy Director - Data Economy and Emerging \nTech, Meta, said, “We congratulate Infosys on launching an openly available Responsible AI \nToolkit, which will contribute to advancing safe and responsible AI through open innovation. \nOpen-source code and open datasets is essential to empower a broad spectrum of AI \ninnovators, builders, and adopters with the information and tools needed to harness the \nadvancements in ways that prioritize safety, diversity, economic opportunity and benefits to \nall.” | Page: 47\n\n| • | Infosys announ | ced the expansi | on of its long- | standing | strategic coll | aboration wit | h Citizens to |\n|---|---|---|---|---|---|---|---|\n|  | Propel AI-led | Transformation. | Michael Rut | tledge, C | hief Inform | ation Offic | er, Citizens |\n|  | Financial Gro | up, said, “Infosys | has been a | key strate | gic collabora | tor in Citize | ns’ next-gen |\n|  | transformation | program for the | last five year | s. Togethe | r, we have | not only mo | dernized our |\n|  | technology lan | dscape with dom | ain-centric, cl | oud native | platforms b | ut also built | a foundation |\n|  | for future grow | th aligned with C | itizens’ north | star tech | nology vision | without losi | ng focus on |\n|  | resiliency and s | tability.” |  |  |  |  |  |\n| • | Infosys announ | ced the expansio | n of its collab | oration wit | h Siemens A | G to acceler | ate Siemens |\n|  | AG digital lear | ning initiatives w | ith generative | AI. Jenn | y Lin, Glob | al Head of | Learning & |\n|  | Growth at Sie | mens AG, said, | “A thriving le | arning and | growth env | ironment is | essential for |\n|  | Siemens to ma | intain our compet | itive edge an | d foster inn | ovation. By | providing our | people with |\n|  | the tools, resou | rces, and suppo | rt they need t | o continuo | usly develop | their skills, | we empower |\n|  | our people to m | eet the challenge | s of the futur | e. Infosys' | expertise in | digital transfo | rmation and |\n|  | AI is very valua | ble in creating a | more engaging | and effec | tive learning | experience f | or everyone. |\n|  | By leveraging | GenAI on Siemen | s’ digital lear | ning platfo | rm we can f | oster a cultu | re of lifelong |\n|  | learning and e | mpower our team | s to reach the | ir full pote | ntial.” |  |  |\n| • | Infosys annou | nced a strategic, | long-term c | ollaboratio | n with Lufth | ansa Group | (LHG) and |\n|  | Lufthansa Syst | ems GmbH (LSY | ) to accelera | te digital t | ransformatio | n and drive i | nnovation in |\n|  | the aviation ind | ustry. Thomas | Wittmann – | CEO, Luft | hansa Syst | ems, said, \" | At Lufthansa |\n|  | Systems, we | champion a mo | dular approa | ch to sol | utions and | collaboration | s, ensuring |\n|  | adaptability and | tailoring to the u | nique needs o | f each airl | ine. This prin | ciple extend | s perfectly to |\n|  | our collaboratio | n with Infosys. B | y combining o | ur deep a | viation exper | tise with Info | sys's global |\n|  | technology pro | wess and establis | hing a dedica | ted Globa | l Capability C | enter (GCC | ), we are not |\n|  | only enhancing | our one-stop-sho | p offerings bu | t also acc | elerating the | pace of digit | al innovation |\n|  | across the avia | tion industry. Thi | s collaboratio | n empowe | rs us to deliv | er cutting-ed | ge solutions |\n|  | with greater ag | ility and scale, u | ltimately bene | fiting our | airline custo | mers with m | ore efficient, |\n|  | innovative, and | cost-effective tec | hnologies.\" |  |  |  |  |\n| • | Infosys announ | ced a successful | collaboration | with LKQ | Europe to ado | pt a unified, | cloud-based |\n|  | digital platform | to streamline its | HR processes | across 18 | countries, le | veraging Inf | osys Cobalt. |\n|  | David Brookf | ield, Vice Pre | sident, Hu | man Res | ources, LK | Q Europe, | said, “Our |\n|  | collaboration w | ith Infosys is a | crucial step in | helping | us harmoniz | e and simpli | fy our wider |\n|  | business proce | sses – ultimate | ly enabling f | aster deliv | ery and bet | ter service | for our end |\n|  | customers. Thr | ough the platfor | m, we will uni | fy our HR | processes | across locati | ons to drive |\n|  | efficiency and | enhance regulato | ry complianc | e. Looking | ahead, we | believe this | platform will |\n|  | empower our | workforce and fo | ster a more c | ohesive o | rganizationa | l culture, en | abling us to |\n|  | continue leadin | g the automotive | aftermarket in | dustry.” |  |  |  |\n| • | Infosys announ | ced the launch | of its open-s | ource Res | ponsible AI | Toolkit desig | ned to help |\n|  | enterprises inn | ovate responsibl | y while addre | ssing the | challenges a | nd risks ass | ociated with |\n|  | ethical AI adopt | ion. Sunil Abrah | am, Public P | olicy Dire | ctor - Data E | conomy an | d Emerging |\n|  | Tech, Meta, sa | id, “We congratu | late Infosys o | n launchin | g an openly | available Re | sponsible AI |\n|  | Toolkit, which | will contribute to | advancing sa | fe and res | ponsible AI t | hrough open | innovation. |\n|  | Open-source c | ode and open | datasets is e | ssential to | empower | a broad spe | ctrum of AI |\n|  | innovators, bui | lders, and adopt | ers with the | informatio | n and tools | needed to | harness the |\n|  | advancements | in ways that prio | ritize safety, | diversity, | economic op | portunity an | d benefits to |\n|  | all.” |  |  |  |  |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 47, "section": "Press Release", "subsection": "• \nInfosys announced the launch of its open-source Responsible AI Toolkit designed to help \nenterprises innovate responsibly while addressing the challenges and risks associated with \nethical AI adoption. Sunil Abraham, Public Policy Director - Data Economy and Emerging \nTech, Meta, said, “We congratulate Infosys on launching an openly available Responsible AI \nToolkit, which will contribute to advancing safe and responsible AI through open innovation. \nOpen-source code and open datasets is essential to empower a broad spectrum of AI \ninnovators, builders, and adopters with the information and tools needed to harness the \nadvancements in ways that prioritize safety, diversity, economic opportunity and benefits to \nall.”", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "2054b0d5844727d3", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Press Release > Key Digital Services \n• \nPositioned as a leader in The Forrester WaveTM: Modern Application Development Services, \nQ1 2025 \n• \nRated as a leader in Custom Application Development Services PEAK Matrix® Assessment \n2025 by Everest Group \n• \nRated as a leader in Application Management Services PEAK Matrix® Assessment 2025 by \nEverest Group \n• \nRated as a leader in SAP Business Application Services PEAK Matrix® Assessment 2025 by \nEverest Group \n• \nRated as a leader in IDC MarketScape: Worldwide SAP Implementation Services 2025 Vendor \nAssessment \n• \nRated as a leader in IDC MarketScape: Worldwide IIoT Engineering and Managed Services \n• \nRated as a leader in IDC MarketScape: Worldwide IIoT Consulting and Integration Services \n• \nRecognized as a leader in HFS Horizons: Salesforce Services, 2025 \n• \nRecognized as a leader in HFS Horizons: Generative Enterprise Services, 2025 \n• \nRecognized as a leader in Cognitive & Self-Healing IT Infrastructure Management Solutions \n2025 by NelsonHall \n• \nPositioned as a leader in Constellation ShortListTM: Cybersecurity Services \n• \nPositioned as a leader in Constellation ShortListTM: Innovation Services and Engineering \n• \nPositioned as a leader in Constellation ShortListTM: Microsoft End-to-End Service Providers | Page: 48\n\n| • | Infosys annou | nced a s | trategic collab | oration with O | ntex Group N.V. to drive | their ERP |\n|---|---|---|---|---|---|---|\n|  | transformation | . Jeroen | Dejonckheere, | VP Business | Transformation, Ontex, s | aid \"We are |\n|  | excited to colla | borate wi | th Infosys on ou | r business tran | sformation journey for mod | ernising our |\n|  | ERP systems | to SAP | S/4HANA. We | also look forw | ard to leveraging Infosys | Topaz and |\n|  | embrace the p | ower of AI | for our enterpri | se growth. This | will be a significant step fo | rward for us |\n|  | to deliver exce | ptional ex | periences for o | ur employees, s | uppliers, and customers.” |  |\n| Re | cognitions & A | wards |  |  |  |  |\n| Br | and |  |  |  |  |  |\n| • | Recognized as | one of the | World’s Most E | thical Compani | es in 2025 for the fifth cons | ecutive year |\n|  | by Ethisphere |  |  |  |  |  |\n| • | Recognized as | the Glob | al Top Emplo | yer 2025 for t | he fifth consecutive year | by the Top |\n|  | Employers Insti | tute |  |  |  |  |\n| • | Recognized as | a Top 3 I | T services bran | d and the faste | st growing IT services bran | d globally in |\n|  | the Brand Fina | nce Globa | l 500 2025 repo | rt |  |  |\n| • | Featured in 202 | 5 LinkedI | n’s Top Compa | nies list in India | , US, and Canada |  |\n| AI | and Cloud Ser | vices |  |  |  |  |\n| • | Positioned as | a leader i | n The Forreste | r WaveTM: App | lication Modernization an | d Multicloud |\n|  | Managed Servi | ces, Q1 2 | 025 |  |  |  |\n| • | Rated as a lead | er in IDC | MarketScape: E | MEA Industry | Cloud Professional Service | s 2024-2025 |\n|  | Vendor Assess | ment |  |  |  |  |\n| • | Recognized as | leader in | ISG Intelligent | Automation - S | ervices 2024 Provider len | s™ study in |\n|  | US and Europe |  |  |  |  |  |\n| • | Recognized as | leader in | ISG Advanced | Analytics and A | I Services 2024 Provider | lens™ study |\n|  | in US and Euro | pe |  |  |  |  |\n| • | Recognized as | leader in | ISG Oracle Clo | ud and Techn | ology Ecosystem 2024 Pro | vider lens™ |\n|  | study in US, AP | AC and E | urope |  |  |  |\n| Ke | y Digital Servi | ces |  |  |  |  |\n| • | Positioned as a | leader in | The Forrester | WaveTM: Mod | ern Application Developme | nt Services, |\n|  | Q1 2025 |  |  |  |  |  |\n| • | Rated as a lea | der in Cu | stom Applicatio | n Developmen | t Services PEAK Matrix® | Assessment |\n|  | 2025 by Everes | t Group |  |  |  |  |\n| • | Rated as a lea | der in Ap | plication Manag | ement Service | s PEAK Matrix® Assessm | ent 2025 by |\n|  | Everest Group |  |  |  |  |  |\n| • | Rated as a lea | der in SAP | Business App | lication Service | s PEAK Matrix® Assessm | ent 2025 by |\n|  | Everest Group |  |  |  |  |  |\n| • | Rated as a lead | er in IDC | MarketScape: | Worldwide SAP | Implementation Services | 2025 Vendor |\n|  | Assessment |  |  |  |  |  |\n| • | Rated as a lead | er in IDC | MarketScape: | Worldwide IIoT | Engineering and Managed | Services |\n| • | Rated as a lead | er in IDC | MarketScape: | Worldwide IIoT | Consulting and Integration | Services |\n| • | Recognized as | a leader i | n HFS Horizons | : Salesforce S | ervices, 2025 |  |\n| • | Recognized as | a leader i | n HFS Horizons | : Generative E | nterprise Services, 2025 |  |\n| • | Recognized as | a leader | in Cognitive & | Self-Healing IT | Infrastructure Manageme | nt Solutions |\n|  | 2025 by Nelson | Hall |  |  |  |  |\n| • | Positioned as a | leader in | Constellation S | hortListTM: Cyb | ersecurity Services |  |\n| • | Positioned as a | leader in | Constellation S | hortListTM: Inno | vation Services and Engin | eering |\n| • | Positioned as a | leader in | Constellation S | hortListTM: Micr | osoft End-to-End Service | Providers |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 48, "section": "Press Release", "subsection": "Key Digital Services \n• \nPositioned as a leader in The Forrester WaveTM: Modern Application Development Services, \nQ1 2025 \n• \nRated as a leader in Custom Application Development Services PEAK Matrix® Assessment \n2025 by Everest Group \n• \nRated as a leader in Application Management Services PEAK Matrix® Assessment 2025 by \nEverest Group \n• \nRated as a leader in SAP Business Application Services PEAK Matrix® Assessment 2025 by \nEverest Group \n• \nRated as a leader in IDC MarketScape: Worldwide SAP Implementation Services 2025 Vendor \nAssessment \n• \nRated as a leader in IDC MarketScape: Worldwide IIoT Engineering and Managed Services \n• \nRated as a leader in IDC MarketScape: Worldwide IIoT Consulting and Integration Services \n• \nRecognized as a leader in HFS Horizons: Salesforce Services, 2025 \n• \nRecognized as a leader in HFS Horizons: Generative Enterprise Services, 2025 \n• \nRecognized as a leader in Cognitive & Self-Healing IT Infrastructure Management Solutions \n2025 by NelsonHall \n• \nPositioned as a leader in Constellation ShortListTM: Cybersecurity Services \n• \nPositioned as a leader in Constellation ShortListTM: Innovation Services and Engineering \n• \nPositioned as a leader in Constellation ShortListTM: Microsoft End-to-End Service Providers", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "82c84b063a25d1a5", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Press Release > Industry & Solutions \n• \nRecognized as a leader in HFS Horizons: Telecom Service Providers, 2025 \n• \nRecognized as a leader in Core Banking Services 2025 by NelsonHall \n• \nRecognized as leader in ISG Oil & Gas Industry - Services and Solutions 2024 Provider lens™ \nstudy in Europe and North America \n• \nRecognized as leader in ISG Healthcare Digital Services 2024 ISG Provider lens™ study in US \n• \nRecognized as leader in ISG Insurance Services 2024 Provider lens™ study in North America, \nANZ and Europe \n• \nRecognized as leader in ISG Telecom, Media & Entertainment Industry Services 2024 Provider \nlens™ study in EMEA \n• \nRecognized as leader in ISG Manufacturing Industry Services 2024 Provider lens™ study in \nNorth America and Europe \n• \nRecognized as leader in ISG Sustainability and ESG 2024 Provider lens™ study in Australia, \nUS and Europe \n• \nRecognized as leader in ISG Power & Utilities Services 2024 Provider lens™ study in North \nAmerica, Europe and APAC \n• \nInfosys Finacle received the Technology & Innovation Award under the Best Solution for Trade \n& Supply Chain category at the TMI Awards for Innovation & Excellence – 2024 \n• \nInfosys Finacle alongside its clients Newcastle Permanent (NP), Union Bank of Philippines, and \nAxis Bank received recognition at the Retail Banker International Asia Trailblazer Awards 2025 \nfor Best Partnership for Customer Experience (with NP), Best Open Banking Initiative (with \nUnion Bank of Philippines), and Best Strategic Partnership (with Axis Bank) \n• \nInfosys Finacle alongside its clients Zand Bank, Emirates NBD, Union Bank of Philippines, and \nArab National Bank received recognition at the Global Business Magazine Winners 2025 for \nBest Digital-First Bank UAE 2025 (Zand Bank), Best Cloud-Based Core Banking \nImplementation Saudi Arabia 2025 (Emirates NBD), Best Customer Experience Innovation \nPhilippines 2025 (Union Bank of Philippines), and Outstanding Digital Banking Transformation \nSaudi Arabia 2025 (Arab National Bank) \n• \nInfosys Finacle recognized as a leader in the 2025 Gartner® Magic Quadrant™ for Retail Core \nBanking Systems, Europe \n• \nInfosys BPM received the SSON North America Impact Awards 2025 with T-Mobile in the \n'Customer Centricity' category | Page: 49\n\n| • | Positioned as a | leader in | Constellation ShortLis | tTM: QA Tools for N | extGen Apps |  |\n|---|---|---|---|---|---|---|\n| • | Recognized as | leader in | ISG Mainframe Servic | es 2025 Provider l | ens™ study | in US, Europe, |\n|  | and US Public | Services |  |  |  |  |\n| • | Positioned as a | leader i | n CapioIT APAC Sale | sforce SI and Solu | tions Provid | ers Ecosystem |\n|  | Capture Share | Report, 20 | 25 |  |  |  |\n| Ind | ustry & Soluti | ons |  |  |  |  |\n| • | Recognized as | a leader i | n HFS Horizons: Telec | om Service Provide | rs, 2025 |  |\n| • | Recognized as | a leader i | n Core Banking Servic | es 2025 by Nelson | Hall |  |\n| • | Recognized as | leader in I | SG Oil & Gas Industry | - Services and Sol | utions 2024 | Provider lens™ |\n|  | study in Europe | and Nort | h America |  |  |  |\n| • | Recognized as | leader in I | SG Healthcare Digital | Services 2024 ISG | Provider len | s™ study in US |\n| • | Recognized as | leader in I | SG Insurance Service | s 2024 Provider len | s™ study in | North America, |\n|  | ANZ and Europ | e |  |  |  |  |\n| • | Recognized as | leader in I | SG Telecom, Media & | Entertainment Indu | stry Service | s 2024 Provider |\n|  | lens™ study in | EMEA |  |  |  |  |\n| • | Recognized as | leader in | ISG Manufacturing In | dustry Services 20 | 24 Provider | lens™ study in |\n|  | North America | and Europ | e |  |  |  |\n| • | Recognized as | leader in | ISG Sustainability and | ESG 2024 Provid | er lens™ stu | dy in Australia, |\n|  | US and Europe |  |  |  |  |  |\n| • | Recognized as | leader in | ISG Power & Utilities | Services 2024 Pro | vider lens™ | study in North |\n|  | America, Europ | e and AP | AC |  |  |  |\n| • | Infosys Finacle | received t | he Technology & Inno | vation Award under | the Best So | lution for Trade |\n|  | & Supply Chain | category | at the TMI Awards for | Innovation & Excell | ence – 2024 |  |\n| • | Infosys Finacle | alongside | its clients Newcastle P | ermanent (NP), Un | ion Bank of | Philippines, and |\n|  | Axis Bank recei | ved recog | nition at the Retail Ban | ker International A | sia Trailblaz | er Awards 2025 |\n|  | for Best Partne | rship for | Customer Experience | (with NP), Best O | pen Banking | Initiative (with |\n|  | Union Bank of P | hilippines | ), and Best Strategic | Partnership (with Ax | is Bank) |  |\n| • | Infosys Finacle | alongside | its clients Zand Bank, | Emirates NBD, Uni | on Bank of | Philippines, and |\n|  | Arab National B | ank recei | ved recognition at the | Global Business | Magazine Wi | nners 2025 for |\n|  | Best Digital-Fi | rst Bank | UAE 2025 (Zand | Bank), Best Clo | ud-Based | Core Banking |\n|  | Implementation | Saudi Ar | abia 2025 (Emirates | NBD), Best Custo | mer Experie | nce Innovation |\n|  | Philippines 202 | 5 (Union | Bank of Philippines), a | nd Outstanding Dig | ital Banking | Transformation |\n|  | Saudi Arabia 20 | 25 (Arab | National Bank) |  |  |  |\n| • | Infosys Finacle | recognize | d as a leader in the 20 | 25 Gartner® Magic | Quadrant™ | for Retail Core |\n|  | Banking System | s, Europe |  |  |  |  |\n| • | Infosys BPM re | ceived th | e SSON North Ameri | ca Impact Awards | 2025 with | T-Mobile in the |\n|  | 'Customer Cent | ricity' cate | gory |  |  |  |\n| d m | ore about our A | wards & | Recognitions here. |  |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 49, "section": "Press Release", "subsection": "Industry & Solutions \n• \nRecognized as a leader in HFS Horizons: Telecom Service Providers, 2025 \n• \nRecognized as a leader in Core Banking Services 2025 by NelsonHall \n• \nRecognized as leader in ISG Oil & Gas Industry - Services and Solutions 2024 Provider lens™ \nstudy in Europe and North America \n• \nRecognized as leader in ISG Healthcare Digital Services 2024 ISG Provider lens™ study in US \n• \nRecognized as leader in ISG Insurance Services 2024 Provider lens™ study in North America, \nANZ and Europe \n• \nRecognized as leader in ISG Telecom, Media & Entertainment Industry Services 2024 Provider \nlens™ study in EMEA \n• \nRecognized as leader in ISG Manufacturing Industry Services 2024 Provider lens™ study in \nNorth America and Europe \n• \nRecognized as leader in ISG Sustainability and ESG 2024 Provider lens™ study in Australia, \nUS and Europe \n• \nRecognized as leader in ISG Power & Utilities Services 2024 Provider lens™ study in North \nAmerica, Europe and APAC \n• \nInfosys Finacle received the Technology & Innovation Award under the Best Solution for Trade \n& Supply Chain category at the TMI Awards for Innovation & Excellence – 2024 \n• \nInfosys Finacle alongside its clients Newcastle Permanent (NP), Union Bank of Philippines, and \nAxis Bank received recognition at the Retail Banker International Asia Trailblazer Awards 2025 \nfor Best Partnership for Customer Experience (with NP), Best Open Banking Initiative (with \nUnion Bank of Philippines), and Best Strategic Partnership (with Axis Bank) \n• \nInfosys Finacle alongside its clients Zand Bank, Emirates NBD, Union Bank of Philippines, and \nArab National Bank received recognition at the Global Business Magazine Winners 2025 for \nBest Digital-First Bank UAE 2025 (Zand Bank), Best Cloud-Based Core Banking \nImplementation Saudi Arabia 2025 (Emirates NBD), Best Customer Experience Innovation \nPhilippines 2025 (Union Bank of Philippines), and Outstanding Digital Banking Transformation \nSaudi Arabia 2025 (Arab National Bank) \n• \nInfosys Finacle recognized as a leader in the 2025 Gartner® Magic Quadrant™ for Retail Core \nBanking Systems, Europe \n• \nInfosys BPM received the SSON North America Impact Awards 2025 with T-Mobile in the \n'Customer Centricity' category", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "235ac1c19a7aa43d", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Press Release > Safe Harbor | Page: 50\n\n| About Infosys |  |  |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|\n| Infosys is a glob | al leader in n | ext-generatio | n digita | l services and |  |  |  |  |\n| consulting. Over | 300,000 of | our people w | ork to | amplify human |  |  |  |  |\n| potential and cre | ate the next | opportunity fo | r peop | le, businesses |  |  |  |  |\n| and communities | . We enable | clients in mor | e than | 56 countries to |  |  |  |  |\n| navigate their di | gital transfor | mation. With | over fo | ur decades of |  |  |  |  |\n| experience in m | anaging the | systems an | d work | ings of global |  |  |  |  |\n| enterprises, we e | xpertly steer | clients, as the | y navig | ate their digital |  |  |  |  |\n| transformation p | owered by the | cloud. We en | able th | em with an AI- |  |  |  |  |\n| powered core, em | power the bu | siness with a | gile digi | tal at scale and |  |  |  |  |\n| drive continuous | improvement | with always-o | n learn | ing through the |  |  |  |  |\n| transfer of digital | skills, exper | tise, and idea | s from | our innovation |  |  |  |  |\n| ecosystem. We | are deeply c | ommitted to b | eing a | well-governed, |  |  |  |  |\n| environmentally | sustainable | organization | where | diverse talent |  |  |  |  |\n| thrives in an inclu | sive workpla | ce. |  |  |  |  |  |  |\n| Visit www.infosys | .com to see | how Infosys ( | NSE, B | SE, NYSE: |  |  |  |  |\n| INFY) can help y | our enterpris | e navigate you | r next. |  |  |  |  |  |\n| Safe Harbor |  |  |  |  |  |  |  |  |\n| Certain stateme | nts in this re | lease concer | ning o | ur future grow | th pros | pects, our | future financi | al or operating |\n| performance, the | McCamish c | ybersecurity i | ncident | are forward lo | oking st | atements i | ntended to qua | lify for the 'safe |\n| harbor' under the | Private Secu | rities Litigatio | n Refor | m Act of 1995, | which in | volve a nu | mber of risks a | nd uncertainties |\n| that could cause | actual results | or outcomes | to diffe | r materially fro | m those | in such for | ward-looking s | tatements. The |\n| risks and uncerta | inties relating | to these stat | ements | include, but ar | e not lim | ited to, ris | ks and uncerta | inties regarding |\n| the execution of | our business | strategy, incr | eased c | ompetition for | talent, o | ur ability t | o attract and re | tain personnel, |\n| increase in wage | s, investment | s to reskill our | emplo | yees, our ability | to effec | tively impl | ement a hybrid | working model, |\n| economic uncert | ainties and g | eo-political sit | uations | , technological | disrupti | ons and in | novations such | as Generative |\n| AI, the complex | and evolving | regulatory lan | dscape | including imm | igration | regulation | changes, our | ESG vision, our |\n| capital allocation | policy and e | xpectations c | oncerni | ng our market | position | , future op | erations, margi | ns, profitability, |\n| liquidity, capital r | esources, our | corporate act | ions inc | luding acquisiti | ons, the | amount of | any additional | costs, including |\n| indemnities or da | mages or cla | ims, resulting | directly | or indirectly fr | om the | McCamish | cybersecurity i | ncident and the |\n| outcome and eff | ect of related | litigation. Imp | ortant f | actors that ma | y cause | actual res | ults or outcome | s to differ from |\n| those implied by | the forward-l | ooking statem | ents ar | e discussed in | more d | etail in our | US Securities | and Exchange |\n| Commission filin | gs including o | ur Annual Rep | ort on F | orm 20-F for th | e fiscal | year ended | March 31, 202 | 4. These filings |\n| are available at | https://www.s | ec.gov/. Infos | ys may | , from time to | time, m | ake additi | onal written an | d oral forward- |\n| looking statemen | ts, including | statements c | ontaine | d in the Comp | any's fi | lings with | the Securities | and Exchange |\n| Commission and | our reports | to shareholde | rs. The | Company do | es not u | ndertake t | o update any | forward-looking |\n| statements that | may be made | from time to ti | me by | or on behalf of | the Com | pany unle | ss it is required | by law. |\n| Contact |  |  |  |  |  |  |  |  |\n| Investor Relatio | ns Sand | eep Mahindro | o |  |  |  |  |  |\n|  | +91 8 | 0 3980 1018 |  |  |  |  |  |  |\n|  | Sand | eep_Mahindro | o@info | sys.com |  |  |  |  |\n| Media Relations | Rishi | Basu |  |  | Harini | Babu |  |  |\n|  | +91 8 | 0 4156 3998 |  |  | +1 469 | 996 3516 |  |  |\n|  | Rajar | shi.Basu@inf | osys.co | m | Harini | _Babu@inf | osys.com |  |\n| Infosys Limited – Pre | ss Release |  |  |  |  |  |  | Page 5 of 7 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 50, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "3c1d4d2e321b88f7", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Press Release | Page: 51\n\n|  |  |  |  |  |  | IFR | S – | INR |\n|---|---|---|---|---|---|---|---|---|\n|  |  |  |  |  |  | Press | Rel | ease |\n| nfosys Limite | d and sub | sidiaries |  |  |  |  |  |  |\n| xtracted from | the Cond | ensed Consolidated | Balance Sheet under IF | RS as at: |  |  | (in | ₹ crore) |\n|  |  |  |  | March 31, | 2025 | Mar | ch 31, | 2024 |\n| ASSETS |  |  |  |  |  |  |  |  |\n| Current assets |  |  |  |  |  |  |  |  |\n| Cash and cash | equivalents |  |  |  | 24,45 | 5 |  | 14,786 |\n| Current investm | ents |  |  |  | 12,48 | 2 |  | 12,915 |\n| Trade receivabl | es |  |  |  | 31,15 | 8 |  | 30,193 |\n| Unbilled revenu | e |  |  |  | 12,85 | 1 |  | 12,768 |\n| Other current as | sets |  |  |  | 16,15 | 3 |  | 18,770 |\n| Total current a | ssets |  |  |  | 97,09 | 9 |  | 89,432 |\n| Non-current as | sets |  |  |  |  |  |  |  |\n| Property, plant a | nd equipm | ent and Right-of-use as | sets |  | 19,11 | 1 |  | 19,370 |\n| Goodwill and ot | her Intangib | le assets |  |  | 12,87 | 2 |  | 8,700 |\n| Non-current inve | stments |  |  |  | 11,05 | 9 |  | 11,708 |\n| Unbilled revenu | e |  |  |  | 2,23 | 2 |  | 1,780 |\n| Other non-curre | nt assets |  |  |  | 6,53 | 0 |  | 6,824 |\n| Total non-curre | nt assets |  |  |  | 51,80 | 4 |  | 48,382 |\n| Total assets |  |  |  |  | 148,90 | 3 |  | 137,814 |\n| LIABILITIES AN | D EQUITY |  |  |  |  |  |  |  |\n| Current liabiliti | es |  |  |  |  |  |  |  |\n| Trade payables |  |  |  |  | 4,16 | 4 |  | 3,956 |\n| Unearned reven | ue |  |  |  | 8,49 | 2 |  | 7,341 |\n| Employee benef | it obligation | s |  |  | 2,90 | 8 |  | 2,622 |\n| Other current lia | bilities and | provisions |  |  | 27,28 | 6 |  | 24,875 |\n| Total current li | abilities |  |  |  | 42,85 | 0 |  | 38,794 |\n| Non-current lia | bilities |  |  |  |  |  |  |  |\n| Lease liabilities |  |  |  |  | 5,77 | 2 |  | 6,400 |\n| Other non-curre | nt liabilities |  |  |  | 4,07 | 8 |  | 4,159 |\n| Total non-curre | nt liabilitie | s |  |  | 9,85 | 0 |  | 10,559 |\n| Total liabilities |  |  |  |  | 52,70 | 0 |  | 49,353 |\n| Total equity att | ributable t | o equity holders of th | e company |  | 95,81 | 8 |  | 88,116 |\n| Non-controlling i | nterests |  |  |  | 38 | 5 |  | 345 |\n| Total equity |  |  |  |  | 96,20 | 3 |  | 88,461 |\n| Total liabilities | and equity |  |  |  | 148,90 | 3 |  | 137,814 |\n| xtracted from | the Cond | ensed Consolidated | statement of Comprehe | nsive Income | under | IFRS for: |  |  |\n|  |  |  |  | (in ₹ c | rore ex | cept per eq | uity shar | e data) |\n|  |  | 3 mon | ths ended 3 months | ended | Year | ended | Yea | r ended |\n|  |  | Marc | h 31, 2025 March 31 | , 2024 M | arch 31 | , 2025 | March | 31, 2024 |\n| Revenues |  |  | 40,925 | 37,923 | 1 | 62,990 |  | 153,670 |\n| Cost of sales |  |  | 28,575 | 26,748 | 1 | 13,347 |  | 107,413 |\n| Gross profit |  |  | 12,350 | 11,175 |  | 49,643 |  | 46,257 |\n| Operating expe | nses: |  |  |  |  |  |  |  |\n| Selling and m | arketing exp | enses | 1,957 | 1,735 |  | 7,588 |  | 6,973 |\n| Administrative | expenses |  | 1,818 | 1,819 |  | 7,631 |  | 7,537 |\n| Total operating | expenses |  | 3,775 | 3,554 |  | 15,219 |  | 14,510 |\n| Operating profi | t |  | 8,575 | 7,621 |  | 34,424 |  | 31,747 |\n| Other income, n | et (3)(4) |  | 1,088 | 2,619 |  | 3,184 |  | 4,241 |\n| Profit before in | come taxe | s | 9,663 | 10,240 |  | 37,608 |  | 35,988 |\n| Income tax expe | nse |  | 2,625 | 2,265 |  | 10,858 |  | 9,740 |\n| Net profit (befo | re minority | interest) | 7,038 | 7,975 |  | 26,750 |  | 26,248 |\n| Net profit (after | minority inte | rest) | 7,033 | 7,969 |  | 26,713 |  | 26,233 |\n| Basic EPS (₹) (4 | ) |  | 16.98 | 19.25 |  | 64.50 |  | 63.39 |\n| Diluted EPS (₹) | (4) |  | 16.94 | 19.22 |  | 64.34 |  | 63.29 |\n| nfosys Limited – P | ress Release |  |  |  |  |  | P | age 6 of 7 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 51, "section": "Press Release", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "34cfbdfdcb805da9", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Press Release | Page: 52\n\n| 1. | The above inf | ormation i | s extracted fro | m the audit | ed condensed co | nsolid | ated Balance sh | eet and | Statement |\n|---|---|---|---|---|---|---|---|---|---|\n|  | of Comprehen | sive Inco | me for the quar | ter and yea | r ended March 31 | , 2025 | , which have be | en taken | on record |\n|  | at the Board | meeting h | eld on April 17 | , 2025. |  |  |  |  |  |\n| 2. | A Fact Sheet | providing | the operating | metrics of t | he Company can | be do | wnloaded from w | ww.info | sys.com. |\n| 3. | Other income | is net of | Finance Cost. |  |  |  |  |  |  |\n| 4. | Includes inter | est incom | e (pre-tax) of ₹ | 327 crores | and reversal of ne | t tax pr | ovisions amoun | ting to ₹ | 101 crores |\n|  | for FY’25 and | interest in | come (pre-tax | ) of ₹1,933 | crores and revers | al of n | et tax provisions | amoun | ting to ₹38 |\n|  | crores for FY’ | 24 on acc | ount of orders | received un | der sections 250 | & 254 | of the Income T | ax Act, | 1961, from |\n|  | the Income T | ax Authori | ties in India fo | r certain as | sessment years. | This h | as resulted in a | positive | impact on |\n|  | the consolidat | ed Basic | and Diluted E | PS by appr | oximately ₹1.03 f | or the | quarter and yea | r ended | March 31, |\n|  | 2025 and ₹4. | 76 for the | quarter and ye | ar ended M | arch 31, 2024. |  |  |  |  |\n| 5. | As the quarte | r and yea | r ended figure | s are take | n from the sourc | e and | rounded to the | nearest | digits, the |\n|  | quarter figure | s in this st | atement adde | d up to the | figures reported f | or the | previous quarte | r might | not always |\n|  | add up to the | year ende | d figures repo | rted in this | statement. |  |  |  |  |\n| Infosys Li | mited – Press Rel | ease |  |  |  |  |  |  | Page 7 of 7 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 52, "section": "Press Release", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ca718ca279e3fef1", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: $2.6 Bn Q4 > \"FY25 operating margins expanded by 0.5% which reflects our relentless focus on identifying opportunities \nfor efficiency and executing Project Maximus with discipline, after navigating through multiple headwinds \nin a challenging macro environment. We delivered the highest ever free cash flows in the history of the \ncompany in FY25,” said Jayesh Sanghrajka, CFO. The Board has proposed a final dividend of `22, \nwhich along with the interim dividend, is an increase of 13.2% over last year.\" he added. \n \n*EPS Increase post normalization of Income Tax refunds | Page: 53\n\n|  |  |  |  |  |  | IF | RISF R–S U –S UD | S D |\n|---|---|---|---|---|---|---|---|---|\n| 1\\ | Growth o | f 4.2% in CC, | operating mar | gin expansion of | 0.5% in FY | Pre 25 | sPsr eRsse lReealseea | se e |\n|  | Hi FY26 reve | ghest ever Fr nue guidance | ee Cash Flow at 0%-3% and | at $4.1 billion for operating margi | FY25 n at 20%-2 | 2% |  |  |\n| Bengaluru, India | – April 17 | , 2025: Infosy | s (NSE, BSE, | NYSE: INFY), a | global lea | der in | next-generation |  |\n| digital services an | d consulti | ng, delivered | $19,277 millio | n in FY25 reven | ues, grow | th of 4 | .2% in constant |  |\n| currency. Operati | ng margin | was at 21.1 | %, expansion | of 0.5% year on | year. Fr | ee ca | sh flow was the |  |\n| highest ever at $ | 4,088 milli | on, an increa | se of 41.8% y | ear on year. TC | V of large | deal | wins was $11.6 |  |\n| billion for the yea | r, with 56% | net new. |  |  |  |  |  |  |\n| Q4 revenues wer | e $4,730 m | illion, an inc | rease of 4.8% | year on year in | constant | curren | cy and 3.6% in |  |\n| reported terms. O | perating m | argin was at | 21.0%, an inc | rease of 0.9% ye | ar on yea | r. |  |  |\n| \"We have built a | resilient or | ganization w | ith sharp focu | s on client-centr | icity and r | espon | siveness to the |  |\n| market, thanks to | the trust o | f our clients a | nd dedication | of our employee | s. Our per | forma | nce for the year |  |\n| has been robust | in terms o | f revenues, | expansion in | operating margi | ns and hi | ghest | ever free cash |  |\n| generation”, said | Salil Pare | kh, CEO and | MD. “Our de | pth in AI, cloud | and digita | l and | strength in cost |  |\n| efficiency, autom | ation, and | consolidation | position us w | ell for the needs | of our clie | nts”, h | e added. |  |\n| 4.2% FY | 21. | 1% FY | 8.3% F | Y $11.6 | Bn FY | $ | 4.1 Bn FY |  |\n| 4.8% Q4 YoY CC Growth | 21. Oper | 0% Q4 ating Margin | 10.1% EPS Incre | Q4 $2.6 ase Larg | Bn Q4 e Deal | $ | 0.9 Bn Q4 Free |  |\n|  | 0.5% I | ncrease in FY | (₹ terms | )* T | CV |  | Cash Flow |  |\n| Guidance for FY | 26: |  |  |  |  |  |  |  |\n| • Revenue | growth of 0 | %-3% in con | stant currency |  |  |  |  |  |\n| • Operating | margin of | 20%-22% |  |  |  |  |  |  |\n| Key highlights: |  |  |  |  |  |  |  |  |\n| For the quarte | r ended M | arch 31, 202 | 5 | For the year en | ded Marc | h 31, | 2025 |  |\n| • Revenues in | CC terms | grew by 4.8% | YoY and | • Revenues in | CC terms | grew | by 4.2% YoY |  |\n| declined by | 3.5% QoQ |  |  |  |  |  |  |  |\n| • Reported rev | enues at $ | 4,730 million, | growth of | • Reported rev | enues at $ | 19,27 | 7 million, growth |  |\n| 3.6% YoY |  |  |  | of 3.9% YoY |  |  |  |  |\n| • Operating m | argin at 21 | .0%, increas | e of 0.9% | • Operating ma | rgin at 2 | 1.1%, | growth of 0.5% |  |\n| YoY and dec | line of 0.3 | % QoQ |  | YoY |  |  |  |  |\n| • Basic EPS a | t $0.20, de | cline of 15.2 | % YoY | • Basic EPS at | $0.76, de | cline o | f 0.3% YoY |  |\n| • FCF at $892 | million, gr | owth of 5.2% | YoY; | • FCF at $4,08 | 8 million, g | rowth | of 41.8% YoY; |  |\n| FCF convers | ion at 109 | .6% of net pr | ofit | FCF conversi | on at 129. | 3% of | net profit |  |\n| \"FY25 operating | margins ex | panded by 0.5 | % which refle | cts our relentless | focus on | identif | ying opportunities |  |\n| for efficiency and | executing | Project Maxi | mus with disci | pline, after navig | ating thro | ugh m | ultiple headwinds |  |\n| in a challenging | macro envi | ronment. We | delivered the | highest ever fre | e cash flo | ws in | the history of the |  |\n| company in FY2 | 5,” said Ja | yesh Sangh | rajka, CFO. | The Board has p | roposed | a fina | l dividend of `22, |  |\n| which along with | the interim | dividend, is a | n increase of | 13.2% over last | year.\" he | adde | d. |  |\n| *EPS Increase post n | ormalization | of Income Tax r | efunds |  |  |  |  |  |\n| Infosys Limited – Press | Release |  |  |  |  |  | Page 1 of 7 |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 53, "section": "$2.6 Bn Q4", "subsection": "\"FY25 operating margins expanded by 0.5% which reflects our relentless focus on identifying opportunities \nfor efficiency and executing Project Maximus with discipline, after navigating through multiple headwinds \nin a challenging macro environment. We delivered the highest ever free cash flows in the history of the \ncompany in FY25,” said Jayesh Sanghrajka, CFO. The Board has proposed a final dividend of `22, \nwhich along with the interim dividend, is an increase of 13.2% over last year.\" he added. \n \n*EPS Increase post normalization of Income Tax refunds", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "6ebd7d3b53e41005", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Press Release > • \nInfosys announced the launch of its open-source Responsible AI Toolkit designed to help \nenterprises innovate responsibly while addressing the challenges and risks associated with \nethical AI adoption. Sunil Abraham, Public Policy Director - Data Economy and Emerging \nTech, Meta, said, “We congratulate Infosys on launching an openly available Responsible AI \nToolkit, which will contribute to advancing safe and responsible AI through open innovation. \nOpen-source code and open datasets is essential to empower a broad spectrum of AI \ninnovators, builders, and adopters with the information and tools needed to harness the \nadvancements in ways that prioritize safety, diversity, economic opportunity and benefits to \nall.” | Page: 54\n\n| • | Infosys announ | ced the expansi | on of its long- | standing | strategic coll | aboration wit | h Citizens to |\n|---|---|---|---|---|---|---|---|\n|  | Propel AI-led | Transformation. | Michael Rut | tledge, C | hief Inform | ation Offic | er, Citizens |\n|  | Financial Gro | up, said, “Infosys | has been a | key strate | gic collabora | tor in Citize | ns’ next-gen |\n|  | transformation | program for the | last five year | s. Togethe | r, we have | not only mo | dernized our |\n|  | technology lan | dscape with dom | ain-centric, cl | oud native | platforms b | ut also built | a foundation |\n|  | for future grow | th aligned with C | itizens’ north | star tech | nology vision | without losi | ng focus on |\n|  | resiliency and s | tability.” |  |  |  |  |  |\n| • | Infosys announ | ced the expansio | n of its collab | oration wit | h Siemens A | G to acceler | ate Siemens |\n|  | AG digital lear | ning initiatives w | ith generative | AI. Jenn | y Lin, Glob | al Head of | Learning & |\n|  | Growth at Sie | mens AG, said, | “A thriving le | arning and | growth env | ironment is | essential for |\n|  | Siemens to ma | intain our compet | itive edge an | d foster inn | ovation. By | providing our | people with |\n|  | the tools, resou | rces, and suppo | rt they need t | o continuo | usly develop | their skills, | we empower |\n|  | our people to m | eet the challenge | s of the futur | e. Infosys' | expertise in | digital transfo | rmation and |\n|  | AI is very valua | ble in creating a | more engaging | and effec | tive learning | experience f | or everyone. |\n|  | By leveraging | GenAI on Siemen | s’ digital lear | ning platfo | rm we can f | oster a cultu | re of lifelong |\n|  | learning and e | mpower our team | s to reach the | ir full pote | ntial.” |  |  |\n| • | Infosys annou | nced a strategic, | long-term c | ollaboratio | n with Lufth | ansa Group | (LHG) and |\n|  | Lufthansa Syst | ems GmbH (LSY | ) to accelera | te digital t | ransformatio | n and drive i | nnovation in |\n|  | the aviation ind | ustry. Thomas | Wittmann – | CEO, Luft | hansa Syst | ems, said, \" | At Lufthansa |\n|  | Systems, we | champion a mo | dular approa | ch to sol | utions and | collaboration | s, ensuring |\n|  | adaptability and | tailoring to the u | nique needs o | f each airl | ine. This prin | ciple extend | s perfectly to |\n|  | our collaboratio | n with Infosys. B | y combining o | ur deep a | viation exper | tise with Info | sys's global |\n|  | technology pro | wess and establis | hing a dedica | ted Globa | l Capability C | enter (GCC | ), we are not |\n|  | only enhancing | our one-stop-sho | p offerings bu | t also acc | elerating the | pace of digit | al innovation |\n|  | across the avia | tion industry. Thi | s collaboratio | n empowe | rs us to deliv | er cutting-ed | ge solutions |\n|  | with greater ag | ility and scale, u | ltimately bene | fiting our | airline custo | mers with m | ore efficient, |\n|  | innovative, and | cost-effective tec | hnologies.\" |  |  |  |  |\n| • | Infosys announ | ced a successful | collaboration | with LKQ | Europe to ado | pt a unified, | cloud-based |\n|  | digital platform | to streamline its | HR processes | across 18 | countries, le | veraging Inf | osys Cobalt. |\n|  | David Brookf | ield, Vice Pre | sident, Hu | man Res | ources, LK | Q Europe, | said, “Our |\n|  | collaboration w | ith Infosys is a | crucial step in | helping | us harmoniz | e and simpli | fy our wider |\n|  | business proce | sses – ultimate | ly enabling f | aster deliv | ery and bet | ter service | for our end |\n|  | customers. Thr | ough the platfor | m, we will uni | fy our HR | processes | across locati | ons to drive |\n|  | efficiency and | enhance regulato | ry complianc | e. Looking | ahead, we | believe this | platform will |\n|  | empower our | workforce and fo | ster a more c | ohesive o | rganizationa | l culture, en | abling us to |\n|  | continue leadin | g the automotive | aftermarket in | dustry.” |  |  |  |\n| • | Infosys announ | ced the launch | of its open-s | ource Res | ponsible AI | Toolkit desig | ned to help |\n|  | enterprises inn | ovate responsibl | y while addre | ssing the | challenges a | nd risks ass | ociated with |\n|  | ethical AI adopt | ion. Sunil Abrah | am, Public P | olicy Dire | ctor - Data E | conomy an | d Emerging |\n|  | Tech, Meta, sa | id, “We congratu | late Infosys o | n launchin | g an openly | available Re | sponsible AI |\n|  | Toolkit, which | will contribute to | advancing sa | fe and res | ponsible AI t | hrough open | innovation. |\n|  | Open-source c | ode and open | datasets is e | ssential to | empower | a broad spe | ctrum of AI |\n|  | innovators, bui | lders, and adopt | ers with the | informatio | n and tools | needed to | harness the |\n|  | advancements | in ways that prio | ritize safety, | diversity, | economic op | portunity an | d benefits to |\n|  | all.” |  |  |  |  |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 54, "section": "Press Release", "subsection": "• \nInfosys announced the launch of its open-source Responsible AI Toolkit designed to help \nenterprises innovate responsibly while addressing the challenges and risks associated with \nethical AI adoption. Sunil Abraham, Public Policy Director - Data Economy and Emerging \nTech, Meta, said, “We congratulate Infosys on launching an openly available Responsible AI \nToolkit, which will contribute to advancing safe and responsible AI through open innovation. \nOpen-source code and open datasets is essential to empower a broad spectrum of AI \ninnovators, builders, and adopters with the information and tools needed to harness the \nadvancements in ways that prioritize safety, diversity, economic opportunity and benefits to \nall.”", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "0f4b6d54952389a4", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Press Release > Key Digital Services \n• \nPositioned as a leader in The Forrester WaveTM: Modern Application Development Services, \nQ1 2025 \n• \nRated as a leader in Custom Application Development Services PEAK Matrix® Assessment \n2025 by Everest Group \n• \nRated as a leader in Application Management Services PEAK Matrix® Assessment 2025 by \nEverest Group \n• \nRated as a leader in SAP Business Application Services PEAK Matrix® Assessment 2025 by \nEverest Group \n• \nRated as a leader in IDC MarketScape: Worldwide SAP Implementation Services 2025 Vendor \nAssessment \n• \nRated as a leader in IDC MarketScape: Worldwide IIoT Engineering and Managed Services \n• \nRated as a leader in IDC MarketScape: Worldwide IIoT Consulting and Integration Services \n• \nRecognized as a leader in HFS Horizons: Salesforce Services, 2025 \n• \nRecognized as a leader in HFS Horizons: Generative Enterprise Services, 2025 \n• \nRecognized as a leader in Cognitive & Self-Healing IT Infrastructure Management Solutions \n2025 by NelsonHall \n• \nPositioned as a leader in Constellation ShortListTM: Cybersecurity Services \n• \nPositioned as a leader in Constellation ShortListTM: Innovation Services and Engineering \n• \nPositioned as a leader in Constellation ShortListTM: Microsoft End-to-End Service Providers | Page: 55\n\n| • | Infosys annou | nced a s | trategic collab | oration with O | ntex Group N.V. to drive | their ERP |\n|---|---|---|---|---|---|---|\n|  | transformation | . Jeroen | Dejonckheere, | VP Business | Transformation, Ontex, s | aid \"We are |\n|  | excited to colla | borate wi | th Infosys on ou | r business tran | sformation journey for mod | ernising our |\n|  | ERP systems | to SAP | S/4HANA. We | also look forw | ard to leveraging Infosys | Topaz and |\n|  | embrace the p | ower of AI | for our enterpri | se growth. This | will be a significant step fo | rward for us |\n|  | to deliver exce | ptional ex | periences for o | ur employees, s | uppliers, and customers.” |  |\n| Re | cognitions & A | wards |  |  |  |  |\n| Br | and |  |  |  |  |  |\n| • | Recognized as | one of the | World’s Most E | thical Compani | es in 2025 for the fifth cons | ecutive year |\n|  | by Ethisphere |  |  |  |  |  |\n| • | Recognized as | the Glob | al Top Emplo | yer 2025 for t | he fifth consecutive year | by the Top |\n|  | Employers Insti | tute |  |  |  |  |\n| • | Recognized as | a Top 3 I | T services bran | d and the faste | st growing IT services bran | d globally in |\n|  | the Brand Fina | nce Globa | l 500 2025 repo | rt |  |  |\n| • | Featured in 202 | 5 LinkedI | n’s Top Compa | nies list in India | , US, and Canada |  |\n| AI | and Cloud Ser | vices |  |  |  |  |\n| • | Positioned as | a leader i | n The Forreste | r WaveTM: App | lication Modernization an | d Multicloud |\n|  | Managed Servi | ces, Q1 2 | 025 |  |  |  |\n| • | Rated as a lead | er in IDC | MarketScape: E | MEA Industry | Cloud Professional Service | s 2024-2025 |\n|  | Vendor Assess | ment |  |  |  |  |\n| • | Recognized as | leader in | ISG Intelligent | Automation - S | ervices 2024 Provider len | s™ study in |\n|  | US and Europe |  |  |  |  |  |\n| • | Recognized as | leader in | ISG Advanced | Analytics and A | I Services 2024 Provider | lens™ study |\n|  | in US and Euro | pe |  |  |  |  |\n| • | Recognized as | leader in | ISG Oracle Clo | ud and Techn | ology Ecosystem 2024 Pro | vider lens™ |\n|  | study in US, AP | AC and E | urope |  |  |  |\n| Ke | y Digital Servi | ces |  |  |  |  |\n| • | Positioned as a | leader in | The Forrester | WaveTM: Mod | ern Application Developme | nt Services, |\n|  | Q1 2025 |  |  |  |  |  |\n| • | Rated as a lea | der in Cu | stom Applicatio | n Developmen | t Services PEAK Matrix® | Assessment |\n|  | 2025 by Everes | t Group |  |  |  |  |\n| • | Rated as a lea | der in Ap | plication Manag | ement Service | s PEAK Matrix® Assessm | ent 2025 by |\n|  | Everest Group |  |  |  |  |  |\n| • | Rated as a lea | der in SAP | Business App | lication Service | s PEAK Matrix® Assessm | ent 2025 by |\n|  | Everest Group |  |  |  |  |  |\n| • | Rated as a lead | er in IDC | MarketScape: | Worldwide SAP | Implementation Services | 2025 Vendor |\n|  | Assessment |  |  |  |  |  |\n| • | Rated as a lead | er in IDC | MarketScape: | Worldwide IIoT | Engineering and Managed | Services |\n| • | Rated as a lead | er in IDC | MarketScape: | Worldwide IIoT | Consulting and Integration | Services |\n| • | Recognized as | a leader i | n HFS Horizons | : Salesforce S | ervices, 2025 |  |\n| • | Recognized as | a leader i | n HFS Horizons | : Generative E | nterprise Services, 2025 |  |\n| • | Recognized as | a leader | in Cognitive & | Self-Healing IT | Infrastructure Manageme | nt Solutions |\n|  | 2025 by Nelson | Hall |  |  |  |  |\n| • | Positioned as a | leader in | Constellation S | hortListTM: Cyb | ersecurity Services |  |\n| • | Positioned as a | leader in | Constellation S | hortListTM: Inno | vation Services and Engin | eering |\n| • | Positioned as a | leader in | Constellation S | hortListTM: Micr | osoft End-to-End Service | Providers |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 55, "section": "Press Release", "subsection": "Key Digital Services \n• \nPositioned as a leader in The Forrester WaveTM: Modern Application Development Services, \nQ1 2025 \n• \nRated as a leader in Custom Application Development Services PEAK Matrix® Assessment \n2025 by Everest Group \n• \nRated as a leader in Application Management Services PEAK Matrix® Assessment 2025 by \nEverest Group \n• \nRated as a leader in SAP Business Application Services PEAK Matrix® Assessment 2025 by \nEverest Group \n• \nRated as a leader in IDC MarketScape: Worldwide SAP Implementation Services 2025 Vendor \nAssessment \n• \nRated as a leader in IDC MarketScape: Worldwide IIoT Engineering and Managed Services \n• \nRated as a leader in IDC MarketScape: Worldwide IIoT Consulting and Integration Services \n• \nRecognized as a leader in HFS Horizons: Salesforce Services, 2025 \n• \nRecognized as a leader in HFS Horizons: Generative Enterprise Services, 2025 \n• \nRecognized as a leader in Cognitive & Self-Healing IT Infrastructure Management Solutions \n2025 by NelsonHall \n• \nPositioned as a leader in Constellation ShortListTM: Cybersecurity Services \n• \nPositioned as a leader in Constellation ShortListTM: Innovation Services and Engineering \n• \nPositioned as a leader in Constellation ShortListTM: Microsoft End-to-End Service Providers", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "77af574a0c471d1d", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Press Release > Industry & Solutions \n• \nRecognized as a leader in HFS Horizons: Telecom Service Providers, 2025 \n• \nRecognized as a leader in Core Banking Services 2025 by NelsonHall \n• \nRecognized as leader in ISG Oil & Gas Industry - Services and Solutions 2024 Provider lens™ \nstudy in Europe and North America \n• \nRecognized as leader in ISG Healthcare Digital Services 2024 ISG Provider lens™ study in US \n• \nRecognized as leader in ISG Insurance Services 2024 Provider lens™ study in North America, \nANZ and Europe \n• \nRecognized as leader in ISG Telecom, Media & Entertainment Industry Services 2024 Provider \nlens™ study in EMEA \n• \nRecognized as leader in ISG Manufacturing Industry Services 2024 Provider lens™ study in \nNorth America and Europe \n• \nRecognized as leader in ISG Sustainability and ESG 2024 Provider lens™ study in Australia, \nUS and Europe \n• \nRecognized as leader in ISG Power & Utilities Services 2024 Provider lens™ study in North \nAmerica, Europe and APAC \n• \nInfosys Finacle received the Technology & Innovation Award under the Best Solution for Trade \n& Supply Chain category at the TMI Awards for Innovation & Excellence – 2024 \n• \nInfosys Finacle alongside its clients Newcastle Permanent (NP), Union Bank of Philippines, and \nAxis Bank received recognition at the Retail Banker International Asia Trailblazer Awards 2025 \nfor Best Partnership for Customer Experience (with NP), Best Open Banking Initiative (with \nUnion Bank of Philippines), and Best Strategic Partnership (with Axis Bank) \n• \nInfosys Finacle alongside its clients Zand Bank, Emirates NBD, Union Bank of Philippines, and \nArab National Bank received recognition at the Global Business Magazine Winners 2025 for \nBest Digital-First Bank UAE 2025 (Zand Bank), Best Cloud-Based Core Banking \nImplementation Saudi Arabia 2025 (Emirates NBD), Best Customer Experience Innovation \nPhilippines 2025 (Union Bank of Philippines), and Outstanding Digital Banking Transformation \nSaudi Arabia 2025 (Arab National Bank) \n• \nInfosys Finacle recognized as a leader in the 2025 Gartner® Magic Quadrant™ for Retail Core \nBanking Systems, Europe \n• \nInfosys BPM received the SSON North America Impact Awards 2025 with T-Mobile in the \n'Customer Centricity' category | Page: 56\n\n| • | Positioned as a | leader in | Constellation ShortLis | tTM: QA Tools for N | extGen Apps |  |\n|---|---|---|---|---|---|---|\n| • | Recognized as | leader in | ISG Mainframe Servic | es 2025 Provider l | ens™ study | in US, Europe, |\n|  | and US Public | Services |  |  |  |  |\n| • | Positioned as a | leader i | n CapioIT APAC Sale | sforce SI and Solu | tions Provid | ers Ecosystem |\n|  | Capture Share | Report, 20 | 25 |  |  |  |\n| Ind | ustry & Soluti | ons |  |  |  |  |\n| • | Recognized as | a leader i | n HFS Horizons: Telec | om Service Provide | rs, 2025 |  |\n| • | Recognized as | a leader i | n Core Banking Servic | es 2025 by Nelson | Hall |  |\n| • | Recognized as | leader in I | SG Oil & Gas Industry | - Services and Sol | utions 2024 | Provider lens™ |\n|  | study in Europe | and Nort | h America |  |  |  |\n| • | Recognized as | leader in I | SG Healthcare Digital | Services 2024 ISG | Provider len | s™ study in US |\n| • | Recognized as | leader in I | SG Insurance Service | s 2024 Provider len | s™ study in | North America, |\n|  | ANZ and Europ | e |  |  |  |  |\n| • | Recognized as | leader in I | SG Telecom, Media & | Entertainment Indu | stry Service | s 2024 Provider |\n|  | lens™ study in | EMEA |  |  |  |  |\n| • | Recognized as | leader in | ISG Manufacturing In | dustry Services 20 | 24 Provider | lens™ study in |\n|  | North America | and Europ | e |  |  |  |\n| • | Recognized as | leader in | ISG Sustainability and | ESG 2024 Provid | er lens™ stu | dy in Australia, |\n|  | US and Europe |  |  |  |  |  |\n| • | Recognized as | leader in | ISG Power & Utilities | Services 2024 Pro | vider lens™ | study in North |\n|  | America, Europ | e and AP | AC |  |  |  |\n| • | Infosys Finacle | received t | he Technology & Inno | vation Award under | the Best So | lution for Trade |\n|  | & Supply Chain | category | at the TMI Awards for | Innovation & Excell | ence – 2024 |  |\n| • | Infosys Finacle | alongside | its clients Newcastle P | ermanent (NP), Un | ion Bank of | Philippines, and |\n|  | Axis Bank recei | ved recog | nition at the Retail Ban | ker International A | sia Trailblaz | er Awards 2025 |\n|  | for Best Partne | rship for | Customer Experience | (with NP), Best O | pen Banking | Initiative (with |\n|  | Union Bank of P | hilippines | ), and Best Strategic | Partnership (with Ax | is Bank) |  |\n| • | Infosys Finacle | alongside | its clients Zand Bank, | Emirates NBD, Uni | on Bank of | Philippines, and |\n|  | Arab National B | ank recei | ved recognition at the | Global Business | Magazine Wi | nners 2025 for |\n|  | Best Digital-Fi | rst Bank | UAE 2025 (Zand | Bank), Best Clo | ud-Based | Core Banking |\n|  | Implementation | Saudi Ar | abia 2025 (Emirates | NBD), Best Custo | mer Experie | nce Innovation |\n|  | Philippines 202 | 5 (Union | Bank of Philippines), a | nd Outstanding Dig | ital Banking | Transformation |\n|  | Saudi Arabia 20 | 25 (Arab | National Bank) |  |  |  |\n| • | Infosys Finacle | recognize | d as a leader in the 20 | 25 Gartner® Magic | Quadrant™ | for Retail Core |\n|  | Banking System | s, Europe |  |  |  |  |\n| • | Infosys BPM re | ceived th | e SSON North Ameri | ca Impact Awards | 2025 with | T-Mobile in the |\n|  | 'Customer Cent | ricity' cate | gory |  |  |  |\n| d m | ore about our A | wards & | Recognitions here. |  |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 56, "section": "Press Release", "subsection": "Industry & Solutions \n• \nRecognized as a leader in HFS Horizons: Telecom Service Providers, 2025 \n• \nRecognized as a leader in Core Banking Services 2025 by NelsonHall \n• \nRecognized as leader in ISG Oil & Gas Industry - Services and Solutions 2024 Provider lens™ \nstudy in Europe and North America \n• \nRecognized as leader in ISG Healthcare Digital Services 2024 ISG Provider lens™ study in US \n• \nRecognized as leader in ISG Insurance Services 2024 Provider lens™ study in North America, \nANZ and Europe \n• \nRecognized as leader in ISG Telecom, Media & Entertainment Industry Services 2024 Provider \nlens™ study in EMEA \n• \nRecognized as leader in ISG Manufacturing Industry Services 2024 Provider lens™ study in \nNorth America and Europe \n• \nRecognized as leader in ISG Sustainability and ESG 2024 Provider lens™ study in Australia, \nUS and Europe \n• \nRecognized as leader in ISG Power & Utilities Services 2024 Provider lens™ study in North \nAmerica, Europe and APAC \n• \nInfosys Finacle received the Technology & Innovation Award under the Best Solution for Trade \n& Supply Chain category at the TMI Awards for Innovation & Excellence – 2024 \n• \nInfosys Finacle alongside its clients Newcastle Permanent (NP), Union Bank of Philippines, and \nAxis Bank received recognition at the Retail Banker International Asia Trailblazer Awards 2025 \nfor Best Partnership for Customer Experience (with NP), Best Open Banking Initiative (with \nUnion Bank of Philippines), and Best Strategic Partnership (with Axis Bank) \n• \nInfosys Finacle alongside its clients Zand Bank, Emirates NBD, Union Bank of Philippines, and \nArab National Bank received recognition at the Global Business Magazine Winners 2025 for \nBest Digital-First Bank UAE 2025 (Zand Bank), Best Cloud-Based Core Banking \nImplementation Saudi Arabia 2025 (Emirates NBD), Best Customer Experience Innovation \nPhilippines 2025 (Union Bank of Philippines), and Outstanding Digital Banking Transformation \nSaudi Arabia 2025 (Arab National Bank) \n• \nInfosys Finacle recognized as a leader in the 2025 Gartner® Magic Quadrant™ for Retail Core \nBanking Systems, Europe \n• \nInfosys BPM received the SSON North America Impact Awards 2025 with T-Mobile in the \n'Customer Centricity' category", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "b91c4ba5e9c48dd7", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Press Release > Safe Harbor | Page: 57\n\n| About Infosys |  |  |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|\n| Infosys is a glob | al leader in n | ext-generatio | n digita | l services and |  |  |  |  |\n| consulting. Over | 300,000 of | our people w | ork to | amplify human |  |  |  |  |\n| potential and cre | ate the next | opportunity fo | r peop | le, businesses |  |  |  |  |\n| and communities | . We enable | clients in mor | e than | 56 countries to |  |  |  |  |\n| navigate their di | gital transfor | mation. With | over fo | ur decades of |  |  |  |  |\n| experience in m | anaging the | systems an | d work | ings of global |  |  |  |  |\n| enterprises, we e | xpertly steer | clients, as the | y navig | ate their digital |  |  |  |  |\n| transformation p | owered by the | cloud. We en | able th | em with an AI- |  |  |  |  |\n| powered core, em | power the bu | siness with a | gile digi | tal at scale and |  |  |  |  |\n| drive continuous | improvement | with always-o | n learn | ing through the |  |  |  |  |\n| transfer of digital | skills, exper | tise, and idea | s from | our innovation |  |  |  |  |\n| ecosystem. We | are deeply c | ommitted to b | eing a | well-governed, |  |  |  |  |\n| environmentally | sustainable | organization | where | diverse talent |  |  |  |  |\n| thrives in an inclu | sive workpla | ce. |  |  |  |  |  |  |\n| Visit www.infosys | .com to see | how Infosys ( | NSE, B | SE, NYSE: |  |  |  |  |\n| INFY) can help y | our enterpris | e navigate you | r next. |  |  |  |  |  |\n| Safe Harbor |  |  |  |  |  |  |  |  |\n| Certain stateme | nts in this re | lease concer | ning o | ur future grow | th pros | pects, our | future financi | al or operating |\n| performance, the | McCamish c | ybersecurity i | ncident | are forward lo | oking st | atements i | ntended to qua | lify for the 'safe |\n| harbor' under the | Private Secu | rities Litigatio | n Refor | m Act of 1995, | which in | volve a nu | mber of risks a | nd uncertainties |\n| that could cause | actual results | or outcomes | to diffe | r materially fro | m those | in such for | ward-looking s | tatements. The |\n| risks and uncerta | inties relating | to these stat | ements | include, but ar | e not lim | ited to, ris | ks and uncerta | inties regarding |\n| the execution of | our business | strategy, incr | eased c | ompetition for | talent, o | ur ability t | o attract and re | tain personnel, |\n| increase in wage | s, investment | s to reskill our | emplo | yees, our ability | to effec | tively impl | ement a hybrid | working model, |\n| economic uncert | ainties and g | eo-political sit | uations | , technological | disrupti | ons and in | novations such | as Generative |\n| AI, the complex | and evolving | regulatory lan | dscape | including imm | igration | regulation | changes, our | ESG vision, our |\n| capital allocation | policy and e | xpectations c | oncerni | ng our market | position | , future op | erations, margi | ns, profitability, |\n| liquidity, capital r | esources, our | corporate act | ions inc | luding acquisiti | ons, the | amount of | any additional | costs, including |\n| indemnities or da | mages or cla | ims, resulting | directly | or indirectly fr | om the | McCamish | cybersecurity i | ncident and the |\n| outcome and eff | ect of related | litigation. Imp | ortant f | actors that ma | y cause | actual res | ults or outcome | s to differ from |\n| those implied by | the forward-l | ooking statem | ents ar | e discussed in | more d | etail in our | US Securities | and Exchange |\n| Commission filin | gs including o | ur Annual Rep | ort on F | orm 20-F for th | e fiscal | year ended | March 31, 202 | 4. These filings |\n| are available at | https://www.s | ec.gov/. Infos | ys may | , from time to | time, m | ake additi | onal written an | d oral forward- |\n| looking statemen | ts, including | statements c | ontaine | d in the Comp | any's fi | lings with | the Securities | and Exchange |\n| Commission and | our reports | to shareholde | rs. The | Company do | es not u | ndertake t | o update any | forward-looking |\n| statements that | may be made | from time to ti | me by | or on behalf of | the Com | pany unle | ss it is required | by law. |\n| Contact |  |  |  |  |  |  |  |  |\n| Investor Relatio | ns Sand | eep Mahindro | o |  |  |  |  |  |\n|  | +91 8 | 0 3980 1018 |  |  |  |  |  |  |\n|  | Sand | eep_Mahindro | o@info | sys.com |  |  |  |  |\n| Media Relations | Rishi | Basu |  |  | Harini | Babu |  |  |\n|  | +91 8 | 0 4156 3998 |  |  | +1 469 | 996 3516 |  |  |\n|  | Rajar | shi.Basu@inf | osys.co | m | Harini | _Babu@inf | osys.com |  |\n| Infosys Limited – Pre | ss Release |  |  |  |  |  |  | Page 5 of 7 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 57, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "085d74b9e594b71d", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Press Release | Page: 58\n\n|  |  |  |  |  |  | IFR | S – | USD |\n|---|---|---|---|---|---|---|---|---|\n|  |  |  |  |  | P | ress | Rele | ase |\n| nfosys Limite | d and sub | sidiaries |  |  |  |  |  |  |\n| xtracted from | the Cond | ensed Consolidated | Balance Sheet under IFR | S as at: |  | (Dol | lars in mi | llions) |\n|  |  |  |  | March 31, 2 | 025 | Mar | ch 31, 2 | 024 |\n| ASSETS |  |  |  |  |  |  |  |  |\n| Current assets |  |  |  |  |  |  |  |  |\n| Cash and cash | equivalents |  |  |  | 2,861 |  |  | 1,773 |\n| Current investm | ents |  |  |  | 1,460 |  |  | 1,548 |\n| Trade receivabl | es |  |  |  | 3,645 |  |  | 3,620 |\n| Unbilled revenu | e |  |  |  | 1,503 |  |  | 1,531 |\n| Other current as | sets |  |  |  | 1,890 |  |  | 2,250 |\n| Total current a | ssets |  |  |  | 11,359 |  |  | 10,722 |\n| Non-current as | sets |  |  |  |  |  |  |  |\n| Property, plant a | nd equipm | ent and Right-of-use as | sets |  | 2,235 |  |  | 2,323 |\n| Goodwill and oth | er Intangib | le assets |  |  | 1,505 |  |  | 1,042 |\n| Non-current inve | stments |  |  |  | 1,294 |  |  | 1,404 |\n| Unbilled revenu | e |  |  |  | 261 |  |  | 213 |\n| Other non-curre | nt assets |  |  |  | 765 |  |  | 819 |\n| Total non-curre | nt assets |  |  |  | 6,060 |  |  | 5,801 |\n| Total assets |  |  |  |  | 17,419 |  |  | 16,523 |\n| LIABILITIES AN | D EQUITY |  |  |  |  |  |  |  |\n| Current liabiliti | es |  |  |  |  |  |  |  |\n| Trade payables |  |  |  |  | 487 |  |  | 474 |\n| Unearned reven | ue |  |  |  | 994 |  |  | 880 |\n| Employee benef | it obligation | s |  |  | 340 |  |  | 314 |\n| Other current lia | bilities and | provisions |  |  | 3,191 |  |  | 2,983 |\n| Total current li | abilities |  |  |  | 5,012 |  |  | 4,651 |\n| Non-current lia | bilities |  |  |  |  |  |  |  |\n| Lease liabilities |  |  |  |  | 675 |  |  | 767 |\n| Other non-curre | nt liabilities |  |  |  | 477 |  |  | 500 |\n| Total non-curre | nt liabilitie | s |  |  | 1,152 |  |  | 1,267 |\n| Total liabilities |  |  |  |  | 6,164 |  |  | 5,918 |\n| Total equity att | ributable t | o equity holders of th | e company |  | 11,205 |  |  | 10,559 |\n| Non-controlling i | nterests |  |  |  | 50 |  |  | 46 |\n| Total equity |  |  |  |  | 11,255 |  |  | 10,605 |\n| Total liabilities | and equity |  |  |  | 17,419 |  |  | 16,523 |\n| xtracted from | the Cond | ensed Consolidated | statement of Comprehen | sive Income u | nder I | FRS for: |  |  |\n|  |  |  |  | (Dollars in millio | ns exc | ept per eq | uity share | data) |\n|  |  | 3 mon | ths ended 3 months | ended | Year e | nded | Year | ended |\n|  |  | Marc | h 31, 2025 March 31 | , 2024 Mar | ch 31, | 2025 | March 3 | 1, 2024 |\n| Revenues |  |  | 4,730 | 4,564 | 1 | 9,277 |  | 18,562 |\n| Cost of sales |  |  | 3,302 | 3,219 | 1 | 3,405 |  | 12,975 |\n| Gross profit |  |  | 1,428 | 1,345 |  | 5,872 |  | 5,587 |\n| Operating expe | nses: |  |  |  |  |  |  |  |\n| Selling and m | arketing exp | enses | 226 | 209 |  | 898 |  | 842 |\n| Administrative | expenses |  | 210 | 219 |  | 903 |  | 911 |\n| Total operating | expenses |  | 436 | 428 |  | 1,801 |  | 1,753 |\n| Operating profi | t |  | 992 | 917 |  | 4,071 |  | 3,834 |\n| Other income, n | et (3) (4) |  | 125 | 315 |  | 376 |  | 512 |\n| Profit before in | come taxe | s | 1,117 | 1,232 |  | 4,447 |  | 4,346 |\n| Income tax expe | nse (4) |  | 303 | 273 |  | 1,285 |  | 1,177 |\n| Net profit (befo | re minority | interest) | 814 | 959 |  | 3,162 |  | 3,169 |\n| Net profit (after | minority inte | rest) | 813 | 958 |  | 3,158 |  | 3,167 |\n| Basic EPS ($) (4 | ) |  | 0.20 | 0.23 |  | 0.76 |  | 0.77 |\n| Diluted EPS ($) | (4) |  | 0.20 | 0.23 |  | 0.76 |  | 0.76 |\n| nfosys Limited – P | ress Release |  |  |  |  |  | Pag | e 6 of 7 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 58, "section": "Press Release", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "5aaaa4ecf16d861b", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Press Release | Page: 59\n\n| 1. | The above | information is extr | acted from the a | udited condensed | consolidated | Balance sheet an | d Statement |\n|---|---|---|---|---|---|---|---|\n|  | of Compreh | ensive Income for | the quarter and | year ended March | 31, 2025, whi | ch have been tak | en on record |\n|  | at the Boar | d meeting held on | April 17, 2025. |  |  |  |  |\n| 2. | A Fact She | et providing the op | erating metrics | of the Company ca | n be downloa | ded from www.i | nfosys.com. |\n| 3. | Other inco | me is net of Financ | e Cost. |  |  |  |  |\n| 4. | Includes int | erest income (pre- | tax) of $38Mn w | ith reversal of net t | ax provisions | amounting to $1 | 2Mn in FY’25 |\n|  | and interes | t income (pre-tax) | of $232Mn with | reversal of net tax | provisions am | ounting to $5Mn | in FY’24 on |\n|  | account of | orders received u | nder sections 2 | 50 & 254 of the In | come Tax Act | , 1961, from the | Income Tax |\n|  | Authorities | in India for certain | assessment ye | ars. This has result | ed in a positiv | e impact on the | consolidated |\n|  | Basic and | Diluted EPS by ap | proximately $0. | 01 for the quarter | and year ende | d March 31, 20 | 25 and $0.06 |\n|  | for the qua | rter and year ende | d March 31, 202 | 4. |  |  |  |\n| 5. | As the qua | rter and year end | ed figures are t | aken from the sou | rce and roun | ded to the neare | st digits, the |\n|  | quarter figu | res in this stateme | nt added up to | the figures reporte | d for the previ | ous quarter mig | ht not always |\n|  | add up to t | he year ended figu | res reported in t | his statement. |  |  |  |\n| Infosys Li | mited – Press | Release |  |  |  |  | Page 7 of 7 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 59, "section": "Press Release", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "72858b0c40a5c774", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and year ended March 31, 2025 | Page: 63\n\n| ex |  | Page No. |\n|---|---|---|\n| dens | ed Conso | lidated Balance Sheet………………………………………………………………………………1 |\n| dens | ed Conso | lidated Statement of Comprehensive Income………………………………………………………2 |\n| dens | ed Conso | lidated Statement of Changes in Equity ……………………………………..……………………3 |\n| dens | ed Conso | lidated Statement of Cash Flows……………………………………………………………………5 |\n| rvie | w and No | tes to the Interim Condensed Consolidated Financial Statements |\n| verv | iew |  |\n| 1.1 C | ompany | overview …………………………………………………….……………………………………6 |\n| 1.2 B | asis of pr | eparation of financial statements …………………………………………………….……………6 |\n| 1.3 B | asis of co | nsolidation……………………………………………………………………………… 6 |\n| 1.4 U | se of esti | mates and judgments…………………………………………………………………. 6 |\n| 1.5 C | ritical ac | counting estimates and judgments…………………………………………………… 6 |\n| 1.6 R | ecent acc | ounting pronouncements…………………………………………………………….. 7 |\n| otes | to the In | terim Condensed Consolidated Financial Statements |\n| 2.1 C | ash and c | ash equivalents ……………………………………………………………………….. 8 |\n| 2.2 I | nvestmen | ts…………………………………………………………………………………………….. 8 |\n| 2.3 F | inancial i | nstruments………………………………………………………………………………. 9 |\n| 2.4 P | repayme | nts and other assets………………………………………………………………………. 12 |\n| 2.5 O | ther liabi | lities……………………………………………………………………………………….. 13 |\n| 2.6 P | rovisions | and other contingencies…………………………………………………………………………1…4 |\n| 2.7 P | roperty, p | lant and equipment……………………………………………………………………….. 15 |\n| 2.8 L | eases… | …………………..……………………………………………………………………….. 17 |\n| 2.9 G | oodwill a | nd Intangible assets...……………………………………………………………..... 19 |\n| 2.10 | Business | combinations ………………………………...………………………………………. 20 |\n| 2.11 | Employe | es' Stock Option Plans (ESOP)……………………………………………………………………22 |\n| 2.12 | Income T | axes……………………………………………………………………………………. 24 |\n| 2.13 | Earnings | per equity share……………………………………………………………………………………24 |\n| 2.14 | Related p | arty transactions…………………………………………………………………………………2…5 |\n| 2.15 | Segment | reporting…………………………………………………………………………………………26 |\n| 2.16 | Revenue | from Operations…………………………………………………………………………………2..8 |\n| 2.17 | Unbilled | Revenue……………………………………………………………………………….. 29 |\n| 2.18 | Equity… | ………………….………………………………………………………………………… 30 |\n| 2.19 | Break-up | of expenses and other income, net………………...……………………………………………3…2 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 63, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "fa6c87541eff3ea4", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and year ended March 31, 2025 | Page: 64\n\n| Current income tax liabilities Unearned revenue Employee benefit obligations Provisions Other current liabilities Total current liabilities Non-current liabilities Lease liabilities Deferred income tax liabilities Employee benefit obligations Other non-current liabilities Total Non-current liabilities Total liabilities Equity Share capital - ₹5 ($0.16) par value 4,800,000,000 (4,800,000,000) equityshares authorized, issued and outstanding4,143,607,528(4,139,950,635)equitysharesfullypaidup,netof9,655,927(10,916,829)treasury shares as at March 31, 2025 (March 31, 2024) Share premium Retained earnings Cash flow hedge reserves Other reserves Capital redemption reserve Other components of equity Total equity attributable to equity holders of the Company Non-controlling interests Total equity Total liabilities and equity The accompanying notes form an integral part of the interim condensed consolidated financial statements. As per our report of even date attached for Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Li Chartered Accountants | mited | 2.12 2.6 2.5 2.8 2.12 2.5 2.18 | 567 994 340 173 2,157 5,012 675 202 11 264 1,152 6,164 325 500 13,766 (2) 1,171 24 (4,579) 11,205 50 11,255 17,419 | 430 880 314 215 2,099 4,651 767 216 11 273 1,267 5,918 325 425 12,557 1 1,623 24 (4,396) 10,559 46 10,605 16,523 |\n|---|---|---|---|---|\n| Firm’s Registration No: 117366W/ W-100018 Vikas Bagaria Nandan M. Nilekani | Salil P Chief | arekh Executive Officer | Bobby Parikh |  |\n| Partner Chairman Membership No. 060408 Bengaluru Jayesh Sanghrajka | and M A.G.S. | anaging Director Manikantha | Director |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 64, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "b3a24cd09c8bed44", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and year ended March 31, 2025 | Page: 65\n\n| Profit before inco Income tax expense Net profit Other comprehens Items that will not Remeasurement of Equity instruments Items that will be r Fair value changes Fair value changes Exchange differenc Total other compr Total comprehensi Profit attributable Owners of the Com Non-controlling int Total comprehensi Owners of the Com Non-controlling int Earnings per equi | me taxes ive income be reclassified the net defined through other eclassified sub on investments on derivatives es on translati ehensive inco ve income to: pany erests ve income att pany erests ty share | subsequently t benefit liabilit comprehensive sequently to pr , net designated as c on of foreign o me/(loss), net o ributable to: | o profit o y/asset, income, ofit or lo ash flow perations f tax | r loss net net ss hedge | , net | 2.12 | 1,117 303 814 (17) 3 (14) 8 (7) 72 73 59 873 813 1 814 872 1 873 | 1,232 273 959 4 (2) 2 4 3 (54) (47) (45) 914 958 1 959 914 - 914 | 4,447 1,285 3,162 (11) 2 (9) 24 (3) (198) (177) (186) 2,976 3,158 4 3,162 2,972 4 2,976 |  | 4,346 1,177 3,169 15 2 17 17 1 (117) (99) (82) 3,087 3,167 2 3,169 3,086 1 3,087 |\n|---|---|---|---|---|---|---|---|---|---|---|---|\n| Basic ($) Diluted ($ Weighted average share Basic (in s Diluted (in The accompanying As per our report o for Deloitte Haskin Chartered Account | ) equity shares hares) shares) notes form an f even date att s & Sells LLP ants | used in comp integral part o ached | uting ear f the inte | nings rim co | per equity ndensed consolidat for and on behalf o | 2.13 2.13 ed financial statement f the Board of Directo | 0.20 0.20 4,142,429,577 4,151,537,321 s. rs of Infosys Limited | 0.23 0.23 4,139,432,133 4,145,052,370 | 0.76 0.76 4,141,611,738 4,152,051,184 |  | 0.77 0.76 4,138,568,090 4,144,680,425 |\n| Firm’s Registration 117366W/ W-1000 Vikas Bagaria | No: 18 |  |  |  | Nandan M. Nilekan | i | Salil Parekh Chief Executive | Officer | Bobby | Parikh |  |\n| Partner Membership No. 0 Bengaluru | 60408 |  |  |  | Chairman Jayesh Sanghrajka |  | and Managing A.G.S. Manik | Director antha | Directo | r |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 65, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "b116f8de8b577053", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and year ended March 31, 2025 | Page: 66\n\n| Infosys Limited a Condensed Consolida Balance as at April 1 Changes in equity for Net profit Remeasurement of the Equity instruments thr Fair value changes on | nd subsid ted Statem , 2023 the year e net defined ough other c derivatives d | iaries ent of Chan nded March benefit liabi omprehensiv esignated as | ges in Equity 31, 2024 lity/asset, net* e income, net* Cash flow hedge, net* | Number of Shares(1) 4,136,387,925 - - - - | Share capital 325 - - - - | Share premium 366 - - - - | Retained earnings 11,401 3,167 - - - | Other reserves(2) 1,370 - - - - | Capital Ca redemption hedge reserve 24 - - - - | sh flow reserve - - - - 1 | (Do To Other attributable components hold of equity (4,314) - 15 2 - | llars in million tal equity to equity ers of the Company 9,172 3,167 15 2 1 | s except equity shar Non- controlling Total interest 52 2 - - - | e data) equity 9,224 3,169 15 2 1 |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| Exchange differences Fair value changes on i Total comprehensive Shares issued on exerc Employee stock comp Transfer on account of Transferred to other re Transferred from other Dividends paid to non Buyback of shares pert Dividends# Balance as at March | on translatio nvestments, income for ise of emplo ensation exp options not serves reserves on controlling i aining to no 31, 2024 | n of foreign net* the period yee stock op ense (Refer exercised utilization nterest of su n controllin | operations tions (Refer to note 2.11) to note 2.11) bsidiary g interest of subsidiary | - - - 3,562,710 - - - - - - - 4,139,950,635 | - - - - - - - - - - - 325 | - - - 1 77 (19) - - - - - 425 | - - 3,167 - - 19 (357) 104 - - (1,777) 12,557 | - - - - - - 357 (104) - - - 1,623 | - - - - - - - - - - - 24 | - - 1 - - - - - - - - 1 | (116) 17 (82) - - - - - - - - (4,396) | (116) 17 3,086 1 77 - - - - - (1,777) 10,559 | (1) - 1 - - - - - (5) (2) - 46 | (117) 17 3,087 1 77 - - - (5) (2) (1,777) 10,605 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 66, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "7dba758187f0488b", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and year ended March 31, 2025 | Page: 67\n\n| Infosys Limited and subsidiaries Condensed Consolidated Statement of Changes in Equity (Dollars in millions except equity share data) Total equity Capital Other Non- Number of Share Share Retained Other Cash flow attributable to equity redemption components controlling Total equity Shares(1) capital premium earnings reserves(2) hedge reserve holders of the reserve of equity interest Company Balance as at April 1, 2024 4,139,950,635 325 425 12,557 1,623 24 1 (4,396) 10,559 46 10,605 Changes in equity for the year ended March 31, 2025 Net profit - - - 3,158 - - - - 3,158 4 3,162 Remeasurement of the net defined benefit liability/asset, net* - - - - - - - (11) (11) - (11 Equity instruments through other comprehensive income, net* - - - - - - - 2 2 - 2 Fair value changes on derivatives designated as Cash flow hedge, net* - - - - - - (3) - (3) - (3 Exchange differences on translation of foreign operations - - - - - - - (198) (198) - (198 Fair value changes on investments, net* - - - - - - - 24 24 - 24 |\n|---|\n| Total comprehensive income for the period - - - 3,158 - - (3) (183) 2,972 4 2,976 Shares issued on exercise of employee stock options (Refer to note 2.11) 3,656,893 - 1 - - - - - 1 - 1 Employee stock compensation expense (Refer to note 2.11) - - 93 - - - - - 93 - 93 Transferred on account of options not exercised - - (23) 23 - - - - - - Income tax benefit arising on exercise of stock options (Refer to note 2.12) - - 4 - - - - - 4 - 4 Transferred to other reserves - - - (9) 9 - - - - - Transferred from other reserves on utilization - - - 104 (104) - - - - - Transferred from other reserves to retained earnings - - - 357 (357) - - - - - Dividends# - - - (2,424) - - - - (2,424) - (2,424 Balance as at March 31, 2025 4,143,607,528 325 500 13,766 1,171 24 (2) (4,579) 11,205 50 11,255 * net of tax # net of treasury shares (1) excludes treasury shares of 9,655,927 as at March 31, 2025, 10,916,829 as at April 1, 2024 and 12,172,119 as at April 1, 2023, held by consolidated trust (2)RepresentstheSpecialEconomicZoneRe-investmentreservecreatedoutoftheprofitoftheeligibleSEZunitintermsoftheprovisionsofSec10AA(1)(ii)ofIncomeTaxAct,1961.ThereserveshouldbeutilizedbytheGroupforacquiring new plant and machinery for the purpose of its business in terms of the provisions of the Sec 10AA(2) of the Income Tax Act, 1961. The accompanying notes form an integral part of the interim condensed consolidated financial statements. As per our report of even date attached for and on behalf of the Board of Directors of Infosys Limited |\n| for Deloitte Haskins & Sells LLP Chartered Accountants Firm’s Registration No: 117366W/ W-100018 Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh |\n| Partner Chairman Chief Executive Officer Director Membership No. 060408 and Managing Director Bengaluru Jayesh Sanghrajka A.G.S. Manikantha |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 67, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "1adb3e9f8c93d58a", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and year ended March 31, 2025 | Page: 68\n\n| Redemption of deposits p Interest and dividend rece Payment for acquisition o Payment of contingent co Payments to acquire Inve Liquid mutual funds Certificates of depos Quoted debt securiti Commercial paper Other investments Proceeds on sale of invest Quoted debt securiti Certificates of depos Commercial paper Liquid mutual funds Other investments Other receipts Net cash used in investi Financing activities Payment of lease liabilitie Payment of dividends Payment of dividends to n Payment towards purchas Shares issued on exercise Loan repayment of in-tec Other payments Other receipts Net cash used in financi Net increase/(decrease) in Effect of exchange rate ch Cash and cash equivalents Cash and cash equivale Supplementary informa Restricted cash balance The accompanying notes As per our report of even for Deloitte Haskins & S | laced with Corpo ived f business, net of nsideration pertai stments units it es ments es it units ng activities s on-controlling in e of non-controlli of employee stoc h Holding GmbH ng activities cash and cash eq anges on cash an at the beginning nts at the end of tion: form an integral date attached ells LLP | ration cash a ning to terests ng inte k optio (Refer uivale d cash of the the pe part of | cquired acquisition of of subsidiary rest ns to note 2.10) nts equivalents period riod the interim co | business ndensed con | solidated financial statements. for and on behalf of the Board of Directors of Inf | osys Limi | 2 . 1 0 2.1 2.1 2.1 ted | 92 113 (377) - (8,636) (7 (825) (1 (383) (757) (1 (7) 373 791 914 8,747 1 1 (361) (278) (2,416) (1 - - 1 (118) (64) - (2,875) (2 1,115 (27) 1,773 2,861 50 | 86 110 - (12) ,990) ,027) (184) ,254) (2) 203 1,111 782 7,818 3 16 (708) (245) ,777) (5) (2) 1 - (88) - ,116) 324 (32) 1,481 1,773 42 |\n|---|---|---|---|---|---|---|---|---|---|\n| Chartered Accountants Firm’s Registration No: 117366W/ W-100018 Vikas Bagaria Partner |  |  |  |  | Nandan M. Nilekani Chairman | Salil Pare Chief Exe | kh cutive Officer | Bobby Parikh Director |  |\n| Membership No. 060408 Bengaluru |  |  |  |  | Jayesh Sanghrajka | and Mana A.G.S. M | ging Director anikantha |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 68, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "b82ff61ffcbf67e1", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and year ended March 31, 2025 | Page: 69\n\n| INFOSYS LIMITED AND SUBSIDIARIES |\n|---|\n| Overview and Notes to the Interim Condensed Consolidated Financial Statements |\n| 1. Overview |\n| 1.1 Company overview InfosysLimited('theCompany'orInfosys)providesconsulting,technology,outsourcingandnext-generationdigitalservices,toenableclientstoexecutestrategiesfortheirdigital |\n| transformation.Infosysstrategicobjectiveistobuildasustainableorganizationthatremainsrelevanttotheagendaofclients,whilecreatinggrowthopportunitiesforemployees and generating profitable returns for investors. Infosys strategy is to be a navigator for our clients as they ideate, plan and execute on their journey to a digital future. |\n| Infosys together with its subsidiaries and controlled trusts is herein after referred to as the \"Group\". ThecompanyisapubliclimitedcompanyincorporatedanddomiciledinIndiaandhasitsregisteredofficeatElectronicscity,HosurRoad,Bengaluru560100,Karnataka,India. |\n| ThecompanyhasitsprimarylistingsontheBSELtd.andNationalStockExchangeofIndiaLimited.Thecompany’sAmericanDepositaryShares(ADS)representingequity shares are listed on the New York Stock Exchange (NYSE). |\n| The Group's interim condensed consolidated financial statements are approved for issue by the company's Board of Directors on April 17, 2025. 1.2 Basis of preparation of financial statements TheinterimcondensedconsolidatedfinancialstatementshavebeenpreparedincompliancewithIAS34,InterimFinancialReportingasissuedbyInternationalAccounting StandardsBoard,underthehistoricalcostconventiononaccrualbasisexceptforcertainfinancialinstrumentswhicharemeasuredatfairvalues,definedbenefitliability/(asset) whichisrecognizedatthepresentvalueofdefinedbenefitobligationlessfairvalueofplanassets.Accordingly,theseinterimcondensedconsolidatedfinancialstatementsdonot includealltheinformationrequiredforacompletesetoffinancialstatements.Theseinterimcondensedconsolidatedfinancialstatementsshouldbereadinconjunctionwiththe |\n| consolidatedfinancialstatementsandrelatednotesincludedinthecompany’sAnnualReportonForm20-FfortheyearendedMarch31,2024.Accountingpolicieshavebeen consistentlyappliedexceptwhereanewlyissuedaccountingstandardisinitiallyadoptedorarevisiontoanexistingaccountingstandardrequiresachangeintheaccounting policy hitherto in use. The material accounting policy information used in preparation of the audited interim condensed consolidated financial statements have been discussed in the respective notes. Asthequarterandyeartodatefiguresaretakenfromthesourceandroundedtothenearestdigits,thequarterfiguresinthisstatementaddeduptothefiguresreportedforthe |\n| previous quarters might not always add up to the year to date figures reported in this statement. |\n| 1.3 Basis of consolidation Infosysconsolidatesentitieswhichitownsorcontrols.Theinterimcondensedconsolidatedfinancialstatementscomprisethefinancialstatementsofthecompany,itscontrolled trustsanditssubsidiaries.Controlexistswhentheparenthaspowerovertheentity,isexposed,orhasrightstovariablereturnsfromitsinvolvementwiththeentityandhasthe |\n| abilitytoaffectthosereturnsbyusingitspowerovertheentity.Powerisdemonstratedthroughexistingrightsthatgivetheabilitytodirectrelevantactivities,thosewhich significantly affect the entity's returns. Subsidiaries are consolidated from the date control commences until the date control ceases. ThefinancialstatementsoftheGroupcompaniesareconsolidatedonaline-by-linebasisandintra-groupbalancesandtransactionsincludingunrealizedgain/lossfromsuch |\n| transactionsareeliminateduponconsolidation.ThesefinancialstatementsarepreparedbyapplyinguniformaccountingpoliciesinuseattheGroup.Non-controllinginterests which represent part of the net profit or loss and net assets of subsidiaries that are not, directly or indirectly, owned or controlled by the company, are excluded. |\n| 1.4 Use of estimates and judgments ThepreparationoftheInterimcondensedconsolidatedfinancialstatementsinconformitywithIFRSrequiresManagementtomakeestimates,judgmentsandassumptions.These estimates,judgmentsandassumptionsaffecttheapplicationofaccountingpoliciesandthereportedamountsofassetsandliabilities,thedisclosuresofcontingentassetsand liabilitiesatthedateoftheinterimcondensedconsolidatedfinancialstatementsandreportedamountsofrevenuesandexpensesduringtheperiod.Theapplicationofaccounting |\n| policiesthatrequirecriticalaccountingestimatesinvolvingcomplexandsubjectivejudgmentsandtheuseofassumptionsinthesefinancialstatementshavebeendisclosedin Note1.5.Accountingestimatescouldchangefromperiodtoperiod.Actualresultscoulddifferfromthoseestimates.AppropriatechangesinestimatesaremadeasManagement becomesawareofchangesincircumstancessurroundingtheestimates.Changesinestimatesandjudgementsarereflectedinthefinancialstatementsintheperiodinwhich changes are made and, if material, their effects are disclosed in the notes to the interim condensed consolidated financial statements. |\n| 1.5 Critical accounting estimates and judgments a. Revenue recognition TheGroup’scontractswithcustomersincludepromisestotransfermultipleproductsandservicestoacustomer.Revenuesfromcustomercontractsareconsideredforrecognition andmeasurementwhenthecontracthasbeenapproved,inwriting,bythepartiestothecontract,thepartiestocontractarecommittedtoperformtheirrespectiveobligations underthecontract,andthecontractislegallyenforceable.TheGroupassessestheservicespromisedinacontractandidentifiesdistinctperformanceobligationsinthecontract. Identificationofdistinctperformanceobligationstodeterminethedeliverablesandtheabilityofthecustomertobenefitindependentlyfromsuchdeliverables,andallocationof |\n| transaction price to these distinct performance obligations involves significant judgement. Fixedpricemaintenancerevenueisrecognizedratablyonastraight-linebasiswhenservicesareperformedthroughanindefinitenumberofrepetitiveactsoveraspecifiedperiod. Revenuefromfixedpricemaintenancecontractisrecognizedratablyusingapercentageofcompletionmethodwhenthepatternofbenefitsfromtheservicesrenderedtothe customerandGroup’scoststofulfilthecontractisnoteventhroughtheperiodofthecontractbecausetheservicesaregenerallydiscreteinnatureandnotrepetitive.Theuseof method to recognize the maintenance revenues requires judgment and is based on the promises in the contract and nature of the deliverables. TheGroupusesthepercentage-of-completionmethodinaccountingforotherfixed-pricecontracts.Useofthepercentage-of-completionmethodrequirestheGrouptodetermine theactualeffortsorcostsexpendedtodateasaproportionoftheestimatedtotaleffortsorcoststobeincurred.Effortsorcostsexpendedhavebeenusedtomeasureprogress |\n| towards completion as thereis adirectrelationship between inputand productivity. The estimation oftotalefforts orcosts involvessignificantjudgementand isassessed throughout the period of the contract to reflect any changes based on the latest available information. Contractswithcustomersincludessubcontractorservicesorthird-partyvendorequipmentorsoftwareincertainintegratedservicesarrangements.Inthesetypesofarrangements, revenuefromsalesofthird-partyvendorproductsorservicesisrecordednetofcostswhentheGroupisactingasanagentbetweenthecustomerandthevendor,andgrosswhen |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 69, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "b8d4c3fc7cfda681", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and year ended March 31, 2025 | Page: 70\n\n| complete the contract. |\n|---|\n| b. Income taxes |\n| The Group's two major tax jurisdictions are India and the United States, though the company also files tax returns in other overseas jurisdictions. |\n| Significant judgments are involved in determining the provision for income taxes, including amount expected to be paid/recovered for uncertain tax positions.(cid:9) Inassessingtherealizabilityofdeferredincometaxassets,Managementconsiderswhethersomeportionorallofthedeferredincometaxassetswillnotberealized.Theultimate realizationofdeferredincometaxassetsisdependentuponthegenerationoffuturetaxableincomeduringtheperiodsinwhichthetemporarydifferencesbecomedeductible. Managementconsidersthescheduledreversalsofdeferredincometaxliabilities,projectedfuturetaxableincomeandtaxplanningstrategiesinmakingthisassessment.Basedon |\n| thelevelofhistoricaltaxableincomeandprojectionsforfuturetaxableincomeovertheperiodsinwhichthedeferredincometaxassetsaredeductible,Managementbelievesthat thegroupwillrealizethebenefitsofthosedeductibledifferences.Theamountofthedeferredincometaxassetsconsideredrealizable,however,couldbereducedinthenearterm if estimates of future taxable income during the carry forward period are reduced. (Refer to note 2.12) |\n| c. Business combinations and intangible assets Business combinations are accounted for using IFRS 3 (Revised), Business Combinations. IFRS 3 requires us to fair value identifiable intangible assets and contingent considerationtoascertainthenetfairvalueofidentifiableassets,liabilitiesandcontingentliabilitiesoftheacquiree.Thesevaluationsareconductedbyexternalvaluationexperts. |\n| Estimatesarerequiredtobemadeindeterminingthevalueofcontingentconsideration,valueofoptionarrangementsandintangibleassets.Thesemeasurementsarebasedon information available at the acquisition date and are based on expectations and assumptions that have been deemed reasonable by Management. (Refer to note 2.10 and 2.9.2) |\n| d. Property, plant and equipment Property,plantandequipmentrepresentasignificantproportionoftheassetbaseoftheGroup.Thechargeinrespectofperiodicdepreciationisderivedafterdeterminingan estimateofan asset’s expected usefullifeand the expected residualvalueatthe end of its life. Theusefullives and residualvalues ofGroup's assets are determined by |\n| Managementatthetimetheassetisacquiredandreviewedperiodically,includingateachfinancialyearend.Thelivesarebasedonhistoricalexperiencewithsimilarassetsas well as anticipation of future events, which may impact their life, such as changes in technology (Refer to note 2.7) e. Impairment of Goodwill Goodwillistestedforimpairmentonanannualbasisandwheneverthereisanindicationthattherecoverableamountofacashgeneratingunit(CGUs)islessthanit’scarrying |\n| amount.Fortheimpairmenttest,goodwillisallocatedtotheCGUorgroupsofCGUswhichbenefitfromthesynergiesoftheacquisitionandwhichrepresentthelowestlevelat which goodwill is monitored for internal management purposes. TherecoverableamountofCGUsisdeterminedbasedonhigherofvalue-in-useandfairvaluelesscosttosell.Keyassumptionsinthecashflowprojectionsarepreparedbased |\n| on current economic conditions and comprises estimated long term growth rates, weighted average cost of capital and estimated operating margins. (Refer to note 2.9.1) |\n| 1.6 Recent accounting pronouncements |\n| New and revised IFRS Standards in issue but not yet effective: Amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates Lack of Exchangeability IFRS 18 Presentation and Disclosures in Financial Statements Presentation and Disclosures in Financial Statements |\n| Amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures Amendments to the Classification and Measurement of Financial Instruments Amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures Contracts Referencing Nature-dependent Electricity |\n| Amendments to IAS 21 OnAugust15,2023,IASBhasissuedamendmentstoIAS21TheEffectsofChangesinForeignExchangeRates,LackofExchangeabilitythatwillrequirecompaniestoprovide |\n| moreusefulinformationintheirfinancialstatementswhenacurrencycannotbeexchangedintoanothercurrency.Theseamendmentsspecifywhenacurrencyisexchangeable into another currency and when it is not and specify how an entity determines the exchange rate to apply when a currency is not exchangeable. TheeffectivedateforadoptionofthisamendmentisannualperiodsbeginningonorafterJanuary1,2025,althoughearlyadoptionispermitted.TheGrouphasevaluatedthe |\n| amendment and the impact is not expected to be material on its consolidated financial statements. |\n| IFRS 18 – Presentation and Disclosures in Financial Statements OnApril9,2024,IASBhasissuedIFRS18–PresentationandDisclosuresinFinancialStatementsthatwillreplaceIAS1PresentationofFinancialStatementsfromitseffective date.IFRS18introducesnewrequirementsforinformationpresentedintheprimaryfinancialstatementsanddisclosedinthenotes.Thenewrequirementsarefocusedonthe |\n| statementofprofitorloss.IFRS18introducesthreecategoriesforincomeandexpenses,thatis,operating,investingandfinancingtoimprovethestructureoftheincome statement.IFRS18iseffectiveforannualreportingperiodsbeginningonorafter1January2027,althoughearlyadoptionispermitted.TheGroupisyettoevaluatetheimpactof the amendment. Amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures OnMay30,2024,IASBhasissuedamendmentstoIFRS9FinancialInstrumentsandIFRS7FinancialInstruments:Disclosures,whichclarifiestheclassificationoffinancial |\n| assetswithenvironmental,socialandcorporategovernance(ESG)andsimilarfeatures,derecognitionoffinancialliabilitysettledthroughelectronicpaymentsystemsandalso introduces additional disclosure requirements to enhance transparency for investors regarding investments in equity instruments designated at fair value through other comprehensive income and financial instruments with contingent features. TheeffectivedateforadoptionoftheseamendmentsisannualreportingperiodsbeginningonorafterJanuary1,2026,althoughearlyadoptionispermitted.TheGroupisyetto evaluate the impact of these amendments. |\n| OnDecember18,2024,IASBhasissuedamendmentstoIFRS9FinancialInstrumentsandIFRS7FinancialInstruments:Disclosures,relatingtofactorsanentityisrequiredto considerinassessingtheown-userequirementsforcontractstobuyandtakedeliveryofnature-dependentrenewableelectricity;hedgeaccountingtreatmentfornature-dependent renewable electricity and related disclosures. TheeffectivedateforadoptionoftheseamendmentsisannualreportingperiodsbeginningonorafterJanuary1,2026,althoughearlyadoptionispermitted.TheGrouphas |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 70, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "3de74c1f8d0beedf", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and year ended March 31, 2025 | Page: 71\n\n| As at Particulars March 31, 2025 March 31, 2024 Cash and bank deposits 2,861 1,773 Total Cash and cash equivalents 2,861 1,773 CashandcashequivalentsasatMarch31,2025andMarch31,2024includerestrictedcashandbankbalancesof$50millionand$42million,respectively.Therestrictionsareprimarilyonaccount |\n|---|\n| of bank balances held by irrevocable trusts controlled by the company. |\n| The deposits maintained by the Group with banks comprise of time deposits, which can be withdrawn by the Group at any point without prior notice or penalty on the principal. |\n| 2.2 Investments The carrying value of the investments are as follows: (Dollars in millions) Particulars As at March 31, 2025 March 31, 2024 |\n| (i) Current Investments Amortized Cost Quoted debt securities 20 - Fair Value through other comprehensive income Quoted Debt Securities 375 291 |\n| Certificates of deposits 410 365 Commercial Paper 426 579 Fair Value through profit or loss |\n| Liquid mutual fund units 229 313 Total current investments 1,460 1,548 (ii) Non-current Investments Amortized Cost |\n| Quoted debt securities 173 211 Fair Value through other comprehensive income Quoted debt securities 1,014 1,093 |\n| Quoted equity securities 7 14 Unquoted equity and preference securities 20 11 Fair Value through profit or loss Target maturity fund units 54 51 |\n| Unquoted equity and preference securities 3 - Others(1) 23 24 |\n| Total Non-current investments 1,294 1,404 |\n| Total investments 2,754 2,952 Investments carried at amortized cost 193 211 Investments carried at fair value through other comprehensive income 2,252 2,353 |\n| Investments carried at fair value through profit or loss 309 388 (1) Uncalled capital commitments outstanding as on Mrach 31, 2025 and March 31, 2024 was $14 million and $9 million, respectively. |\n| Refer to note 2.3 for accounting policies on financial instruments. Method of fair valuation: (Dollars in millions) Class of investment Method Fair value March 31, 2025 March 31, 2024 Liquid mutual fund units - carried at fair value through profit or loss Quoted price 2 29 3 13 Target maturity fund units - carried at fair value through profit or loss Quoted price 5 4 5 1 Quoted debt securities- carried at amortized cost Quoted price and market observable inputs 2 13 2 36 Quoted debt securities- carried at fair value through other comprehensive income Quoted price and market observable inputs 1 ,389 1 ,384 |\n| Commercial Paper - carried at fair value through other comprehensive income Market observable inputs 4 26 5 79 Certificates of Deposit - carried at fair value through other comprehensive income Market observable inputs 4 10 3 65 Discounted cash flows method, Market Unquoted equity and preference securities - carried at fair value through profit or loss 3 - multiples method, Option pricing model Unquoted equity and preference securities - carried at fair value through other Discounted cash flows method, Market 2 0 1 1 comprehensive income multiples method, Option pricing model Quoted equity securities - carried at fair value through other comprehensive income Quoted price 7 14 Discounted cash flows method, Market Others - carried at fair value through profit or loss 2 3 2 4 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 71, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "5ead864d07e9b82c", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and year ended March 31, 2025 | Page: 72\n\n| Accounting Policy 2.3.1 Initial recognition TheGrouprecognizesfinancialassetsandfinancialliabilitieswhenitbecomesapartytothecontractualprovisionsoftheinstrument.Allfinancialassetsandliabilitiesarerecognizedatfair |\n|---|\n| valueoninitialrecognition,exceptfortradereceivableswhichareinitiallymeasuredattransactionprice.Transactioncoststhataredirectlyattributabletotheacquisitionorissueoffinancial assetsandfinancialliabilities,whicharenotatfairvaluethroughprofitorloss,areaddedtothefairvalueoninitialrecognition.Regularwaypurchaseandsaleoffinancialassetsareaccounted for at trade date. |\n| 2.3.2 Subsequent measurement |\n| a. Non-derivative financial instruments (i) Financial assets carried at amortized cost |\n| Afinancialassetissubsequentlymeasuredatamortizedcostifitisheldwithinabusinessmodelwhoseobjectiveistoholdtheassetinordertocollectcontractualcashflowsandthecontractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. |\n| (ii) Financial assets carried at fair value through other comprehensive income (FVOCI) Afinancialassetissubsequentlymeasuredatfairvaluethroughothercomprehensiveincomeifitisheldwithinabusinessmodelwhoseobjectiveisachievedbybothcollectingcontractualcash flowsandsellingfinancialassetsandthecontractualtermsofthefinancialassetgiveriseonspecifieddatestocashflowsthataresolelypaymentsofprincipalandinterestontheprincipal |\n| amountoutstanding.TheGrouphasmadeanirrevocableelectionforcertaininvestmentswhichareclassifiedasequityinstrumentstopresentthesubsequentchangesinfairvalueinother comprehensive income based on its business model. |\n| (iii) Financial assets carried at fair value through profit or loss (FVTPL) |\n| A financial asset which is not classified in any of the above categories is subsequently fair valued through profit or loss. |\n| (iv) Financial liabilities Financialliabilitiesaresubsequentlycarriedatamortized costusingtheeffectiveinterestmethod,exceptforcontingentconsideration andfinancialliabilityunderoptionarrangements |\n| recognized in a business combination which is subsequently measured at fair value through profit or loss. |\n| b. Derivative financial instruments TheGroupholdsderivativefinancialinstrumentssuchasforeignexchangeforwardandoptioncontractstomitigatetheriskofchangesinexchangeratesonforeigncurrencyexposures.The |\n| counterparty for such contracts is generally a bank. |\n| (i) Financial assets or financial liabilities, carried at fair value through profit or loss This category includes derivative financial assets or liabilities which are not designated as hedges. AlthoughtheGroupbelievesthatthesederivativesconstitutehedgesfromaneconomicperspective,theymaynotqualifyforhedgeaccountingunderIFRS9,FinancialInstruments.Any derivativethatiseithernotdesignatedashedge,orissodesignatedbutisineffectiveasperIFRS9,iscategorizedasafinancialassetorfinancialliabilitycarriedatfairvaluethroughprofitor loss. |\n| Derivativesnotdesignatedashedgesarerecognizedinitiallyatfairvalueandattributabletransactioncostsarerecognizedinnetprofitinthestatementofcomprehensiveincomewhenincurred. Subsequenttoinitialrecognition,thesederivativesaremeasuredatfairvaluethroughprofitorlossandtheresultingexchangegainsorlossesareincludedinotherincome.Assets/liabilitiesin this category are presented as current assets/current liabilities if they are either held for trading or are expected to be realized within 12 months after the balance sheet date. (ii) Cash flow hedge |\n| PrimarilytheGroupdesignatescertainforeignexchangeforwardandoptionscontractsascashflowhedgestomitigatetheriskofforeignexchangeexposureonhighlyprobableforecastcash transaction. Whenaderivativeisdesignatedasacashflowhedginginstrument,theeffectiveportionofchangesinthefairvalueofthederivativeisrecognizedinothercomprehensiveincomeand accumulatedinthecashflowhedgingreserve.Anyineffectiveportionofchangesinthefairvalueofthederivativeisrecognizedimmediatelyinthenetprofitinthestatementofcomprehensive income.Ifthehedginginstrumentnolongermeetsthecriteriaforhedgeaccounting,thenhedgeaccountingisdiscontinuedprospectively.Ifthehedginginstrumentexpiresorissold,terminated orexercised,thecumulativegainorlossonthehedginginstrumentrecognizedincashflowhedgingreservetilltheperiodthehedgewaseffectiveremainsincashflowhedgingreserveuntilthe |\n| forecastedtransactionoccurs.Thecumulativegainorlosspreviouslyrecognizedinthecashflowhedgingreserveistransferredtothenetprofitinthestatementofcomprehensiveincomeupon theoccurrenceoftherelatedforecastedtransaction.Iftheforecastedtransactionisnolongerexpectedtooccur,thentheamountaccumulatedincashflowhedgingreserveisreclassifiedtonet profit in the interim condensed consolidated statement of comprehensive income. 2.3.3 Derecognition of financial instruments TheGroupderecognizesafinancialassetwhenthecontractualrightstothecashflowsfromthefinancialassetexpireorittransfersthefinancialassetandthetransferqualifiesforderecognition underIFRS9.Afinancialliability(orapartofafinancialliability)isderecognizedfromthegroup'sbalancesheetwhentheobligationspecifiedinthecontractisdischargedorcancelledor |\n| expires. 2.3.4 Fair value of financial instruments Indeterminingthefairvalueofitsfinancialinstruments,theGroupusesavarietyofmethodsandassumptionsthatarebasedonmarketconditionsandrisksexistingateachreportingdate.The |\n| methodsusedtodeterminefairvalueincludediscountedcashflowanalysis,optionpricingmodel,marketmultiples,availablequotedmarketpricesanddealerquotes.Allmethodsofassessing fair value result in general approximation of value, and such value may never actually be realized. Refertotable‘Financialinstrumentsbycategory’belowforthedisclosureoncarryingvalueandfairvalueoffinancialassetsandliabilities.Forfinancialassetsandliabilitiesmaturingwithin |\n| one year from the Balance Sheet date and which are not carried at fair value, the carrying amounts approximate fair value due to the short maturity of these instruments. |\n| 2.3.5 Impairment TheGrouprecognizeslossallowancesusingtheexpectedcreditloss(ECL)modelforthefinancialassetsandunbilledrevenuewhicharenotfairvaluedthroughprofitorloss. Lossallowance |\n| fortradereceivablesandunbilledrevenueswithnosignificantfinancingcomponentismeasuredatanamountequaltolifetimeECL.Forallotherfinancialassets,expectedcreditlossesare measured at an amount equal to the 12-month ECL, unless there has been a significant increase in credit risk from initial recognition in which case those are measured at lifetime ECL. TheGroupdeterminestheallowanceforcreditlossesbasedonhistoricallossexperienceadjustedtoreflectcurrentandestimatedfutureeconomicconditions.TheGroupconsiderscurrentand |\n| anticipated future economic conditions relating to industries the Group deals with and the countries where it operates. TheamountofECL(orreversal)thatisrequiredtoadjustthelossallowanceatthereportingdatetotheamountthatisrequiredtoberecordedisrecognizedasanimpairmentlossorgainin |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 72, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "14906afce92ae972", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and year ended March 31, 2025 | Page: 73\n\n|  | P | articulars |  |  | Amortized cost | Financial fair value Designat | assets / through ed | liabili profit | ties at or loss | Financial ass value Equity instrument | ets / liabilities a through OCI s | t fair Total carrying | value | (Dollars Total | in milli fair va | ons) lue |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| Assets: Cash an Investm Liqui Targe Quot Certi Com | d cas ents ( d mu t mat ed de ficate merci | h equivalents (Ref Refer to note 2.2) tual fund units urity fund units bt securities s of deposit al Papers | er to note 2.1) |  | 2,861 - - 193 - - | upon init recognit | ial ion - - - - - - | Mand | atory - 229 54 - - - | designated u initial recogni | Mandat pon tion - - - - - - | ory - - - 1,389 410 426 | 2,861 229 54 1,582 410 426 |  |  | 2,861 229 54 1,602 (1 410 426 |\n| Quot Unqu Unqu Trade re Unbilled Prepaym Derivati Total Liabiliti Trade pa Lease li Derivati Financia (Refer to Other lia | ed eq oted oted ceiva reve ents ve fin es: yabl abiliti ve fin l liab note biliti | uity securities equity and prefere investment others bles nues (Refer to not and other assets ( ancial instrument es es (Refer to note 2 ancial instrument ility under option 2.5) es including conti | nce securities e 2.17)(3) Refer to note 2 s .8) s arrangements ngent consider | .4) ation | - - - 3,645 1,195 844 - 8,738 487 962 - - |  | - 3 - - - - - 3 - - - - |  | - - 23 - - - 20 326 - - 3 77 |  | 7 20 - - - - - 27 - - - - | - - - - - - 3 2,228 - - 4 - | 7 23 23 3,645 1,195 844 23 11,322 487 962 7 77 |  | 1 | 7 23 23 3,645 1,195 835 (2 23 1,333 487 962 7 77 |\n| (Refer to Total (1) On a (2)Exclu (3) Exclu The carr Assets: Cash an Investm | note ccoun des in des u ying P d cas ents ( | 2.5) t of fair value cha terest accrued on nbilled revenue fo value and fair valu articulars h equivalents (Ref Refer to note 2.2) | nges includin quoted debt s r contracts w e of financial er to note 2.1) | g interest accrue ecurities carried here the right to instruments by c | 1,932 3,381 d at amortize consideratio ategories as Amortized cost 1,773 | d cost of $9 n is depend at March 31 Financia fair value Desig upon i recog | - - million ent on co , 2024 w l assets/ l through nated nitial nition - | mplet ere as iabili profit Mand | 3 83 ion of co follows: ties at or loss atory - | ntractual miles Financial ass value Equity instrument designated u initial recogni | - - tones ets/liabilities at through OCI s Mandat pon tion - | - 4 fair Total carrying ory - | 1,935 3,468 value 1,773 | (Dollars Tota | in milli l fair | 1,935 3,468 ons) value 1,773 |\n| Liqui Targe Quot Certi Com Quot Unqu Unqu Trade re Unbilled Prepaym Derivati Total Liabiliti Trade pa Lease li Derivati Financia (Refer to Other lia | d mu t mat ed de ficate merci ed eq oted oted ceiva reve ents ve fin es: yabl abiliti ve fin l liab note biliti | tual fund units urity fund units bt securities s of deposit al Papers uity securities equity and prefere investments other bles nues (Refer to not and other assets ( ancial instrument es es (Refer to note ancial instrument ility under option 2.5) es including conti | nce securities s e 2.17)(3) Refer to note 2 s 2.8) s arrangements ngent consider | .4) ation | - - 211 - - - - - 3,620 1,151 694 - 7,449 474 1,002 - - |  | - - - - - - - - - - - - - - - - - |  | 313 51 - - - - - 24 - - - 7 395 - - 4 72 |  | - - - - - 14 11 - - - - - 25 - - - - | - - 1,384 365 579 - - - - - - 3 2,331 - - - - | 313 51 1,595 365 579 14 11 24 3,620 1,151 694 10 10,200 474 1,002 4 72 |  | 1 | 313 51 1,620 365 579 14 11 24 3,620 1,151 684 (2 10 0,215 474 1,002 4 72 |\n| (Refer to Total (1) On a (2) Exclu (3) Exclu Fortrad | note ccoun des i des u erec | 2.5) t of fair value cha nterest accrued on nbilled revenue fo eivablesandtrade | nges includin quoted debt s r contracts w payablesand | g interest accrue ecurities carried here the right to otherassetsan | 1,887 3,363 d at amortize consideratio dpayables | d cost of $1 n is depend maturingw | - - 0 million ent on co ithinone | mplet year | - 76 ion of co fromthe | ntractual miles balancesheet | - - tones date,thecarryi | - - ngamountsapproximat | 1,887 3,439 efairv | aluedue | tothe | 1,887 3,439 short |\n| maturity | of th | ese instruments. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |\n| Fair val Level 1 Level 2 | ue hi - Quo – Inp | erarchy ted prices (unadju uts other than quo | sted) in active ted prices incl | markets for ide uded within Lev | ntical assets el 1 that are | or liabilities observable | . for the as | set or | liability, | either directly | (i.e. as prices) or | indirectly (i.e. derived f | rom pri | ces). |  |  |\n| Level 3 | - Inp | uts for the assets o | r liabilities tha | t are not based o | n observabl | e market dat | a (unobs | ervabl | e inputs) | . |  |  |  |  |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 73, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "6b5e8269508d5987", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and year ended March 31, 2025 | Page: 74\n\n| Investments in unquoted investments others 23 - - 23 Others Derivative financial instruments- gain 23 - 23 - Liabilities Derivative financial instruments - loss 7 - 7 - Financial liability under option arrangements (Refer to note 2.5)(1) 77 - - 77 Liability towards contingent consideration (Refer to note 2.5)(2) 3 - - 3 (1)Discount rate ranges from 9% to 15% (2)Discount rate - 6% DuringtheyearendedMarch31,2025,quoteddebtsecuritiesof$35millionweretransferredfromLevel2toLevel1offairvaluehierarchy,sincethesewerevaluedbasedonquotedpriceand quoted debt securities of $65 million were transferred from Level 1 to Level 2 of fair value hierarchy, since these were valued based on market observable inputs. The fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as at March 31, 2024 is as follows: (Dollars in millions) As at Fair value measurement at end of the reporting period using Particulars March 31, 2024 Level 1 Level 2 Level 3 Assets Investments (Refer to note 2.2) Investments in liquid mutual fund units 313 313 - - Investments in target maturity fund units 51 51 - - Investments in quoted debt securities 1,620 1,580 40 - Investments in unquoted equity and preference securities 11 - - 11 Investments in certificates of deposit 365 - 365 - |\n|---|\n| Investments in commercial paper 579 - 579 - Investments in quoted equity securities 14 14 - - Investments in unquoted investments others 24 - - 24 Others Derivative financial instruments- gain 10 - 10 - Liabilities Derivative financial instruments- loss 4 - 4 - Financial liability under option arrangements (Refer to note 2.5)(1) 72 - - 72 (1)Discount rate ranges from 9% to 15% During the year ended March 31, 2024, quoted debt securities of $257 million were transferred from Level 2 to Level 1 of fair value hierarchy, since these were valued based on quoted price and quoted debt securities of $9 million were transferred from Level 1 to Level 2 of fair value hierarchy, since these were valued based on market observable inputs. |\n| A one percentage point change in the unobservable inputs used in fair valuation of Level 3 assets and liabilities does not have a significant impact in its value. MajorityofinvestmentsoftheGrouparefairvaluedbasedonLevel1orLevel2inputs.Theseinvestmentsprimarilyincludeinvestmentinliquidmutualfundunits,targetmaturityfundunits, quoteddebtsecurities,certificatesofdeposit,commercialpaper,quotedbondsissuedbygovernmentandquasi-governmentorganizations.TheGroupinvestsafterconsideringcounterpartyrisks |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 74, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d1faf5b1272ce3a7", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and year ended March 31, 2025 | Page: 75\n\n| 2.4 Prepayments and other assets |\n|---|\n| Prepayments and other assets consist of the following: |\n| (Dollars in millions) As at |\n| Particulars March 31, 2025 March 31, 2024 |\n| Current |\n| Security deposits(1) 8 9 |\n| Loans to employees(1) 29 30 |\n| Prepaid expenses(2) 360 399 |\n| Interest accrued and not due(1) 99 64 |\n| Withholding taxes and others(2)(4) 332 424 |\n| Advance payments to vendors for supply of goods(2) 48 43 |\n| Deposit with corporations(1)(3) 345 304 |\n| Deferred contract cost |\n| Cost of obtaining a contract(2) 40 24 |\n| Cost of fulfillment(2) 59 43 (2) |\n| Other non financial assets 11 21 Net investment in lease(1) 133 85 |\n| Other financial assets(1) 55 27 |\n| Total Current prepayment and other assets 1,519 1,473 |\n| Non-current |\n| Security deposits(1) 32 31 |\n| Loans to employees(1) 2 4 |\n| Prepaid expenses(2) 33 41 |\n| Deposit with corporations(1)(3) 10 6 |\n| Defined benefit plan assets(2) 35 4 |\n| Deferred contract cost (2) 36 16 |\n| Cost of obtaining a contract Cost of fulfillment(2) 103 82 |\n| Withholding taxes and others(2)(4) 63 81 |\n| Net investment in lease(1) 129 134 |\n| Other financial assets(1) 2 - |\n| Total Non- current prepayment and other assets 445 399 |\n| Total prepayment and other assets 1,964 1,872 (1) Financial assets carried at amortized cost 844 694 |\n| (2) Non financial assets (3)Depositwithcorporationrepresentsamountsdepositedtosettlecertainemployee-relatedobligationsasandwhentheyariseduringthenormal |\n| course of business. |\n| (4) |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 75, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "594c689247696345", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and year ended March 31, 2025 | Page: 76\n\n| 2.5 Other liabilities Other liabilities comprise the following: (Dollars in millions) As at Particulars March 31, 2025 March 31, 2024 Current Accrued compensation to employees(1) 576 534 Accrued expenses(1) 991 986 Accrued defined benefit liability(3) 1 1 Withholding taxes and others(3) 381 382 Liabilities of controlled trusts(1) 20 25 Liability towards contingent consideration(2) 1 - Capital Creditors(1) 61 37 |\n|---|\n| Financial liability under option arrangements(2)(4) 64 60 Other non-financial liabilities(3) 1 1 Other financial liabilities(1)(5) 61 73 Total current other liabilities 2,157 2,099 Non-current Accrued compensation to employees(1) 1 1 Accrued expenses(1) 221 213 Accrued defined benefit liability (3) 14 19 Liability towards contingent consideration(2) 2 - Financial liability under option arrangements(2)(4) 13 12 Other non-financial liabilities(3) 12 10 Other financial liabilities(1)(5) 1 18 |\n| Total non-current other liabilities 264 273 Total other liabilities 2,421 2,372 (1) Financial liability carried at amortized cost 1,932 1,887 (2) Financial liability carried at fair value through profit or loss 80 72 Financial liability under option arrangements on an undiscounted basis 89 83 Financial liability towards contingent consideration on an undiscounted basis 4 - (3) Non financial liabilities |\n| (4) Represents liability related to options issued by the Group over the non-controlling interests in its subsidiaries. (5) The Group entered into financing arrangements witha third partytowards technologyassets takenover bythe Groupfroma customer as a partof transformationprojectwhichwasnotconsideredas distinctgoods orservices asthe controlrelated tothose assetswas nottransferred tothe Groupin accordancewithIndAS115-Revenuefromcontractwithcustomers.AsatMarch31,2025andMarch31,2024,thefinancialliabilitypertainingtosuch arrangements amounts to $8 million and $45 million, respectively. Accruedexpensesprimarilyrelatetocostoftechnicalsub-contractors,telecommunicationcharges,legalandprofessionalcharges,brandbuildingexpenses, |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 76, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "e5389e945522dc99", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and year ended March 31, 2025 | Page: 77\n\n| 2.6 Provisions and other contingencies |\n|---|\n| Accounting Policy |\n| 2.6.1 Provisions Aprovisionisrecognizedif,asaresultofapastevent,theGrouphasapresentlegalorconstructiveobligationthatisreasonablyestimable,anditisprobable thatanoutflowofeconomicbenefitswillberequiredtosettletheobligation.Provisionsaredeterminedbydiscountingtheexpectedfuturecashflowsatapre- |\n| taxratethatreflectscurrentmarketassessmentsofthetimevalueofmoneyandtherisksspecifictotheliability.TheGrouprecognizesareimbursementasset when, and only when, it is virtually certain that the reimbursement will be received if the Group settles the obligation. Contingentliabilityisapossibleobligationarisingfrompasteventsandwhoseexistencewillbeconfirmedonlybytheoccurrenceornon-occurrenceofoneor moreuncertainfutureeventsnotwhollywithinthecontroloftheentityorapresentobligationthatarisesfrompasteventsbutisnotrecognizedbecauseitisnot |\n| probablethatanoutflowofresourcesembodyingeconomicbenefitswillberequiredtosettletheobligationor theamountoftheobligationcannotbemeasured with sufficient reliability. |\n| a. Post sales client support TheGroupprovidesitsclientswithafixed-periodpostsalessupportonitsfixed-price,fixed-timeframecontracts.Costsassociatedwithsuchsupportservices |\n| areaccruedatthetimerelatedrevenuesarerecordedandincludedincostofsales.TheGroupestimatessuchcostsbasedonhistoricalexperienceandestimates are reviewed on a periodic basis for any material changes in assumptions and likelihood of occurrence. |\n| b. Onerous contracts ProvisionsforonerouscontractsarerecognizedwhentheexpectedbenefitstobederivedbytheGroupfromacontractarelowerthantheunavoidablecostsof meetingthefutureobligationsunderthecontract.Provisionsforestimatedlosses,ifany,onincompletecontractsarerecordedintheperiodinwhichsuch |\n| lossesbecomeprobablebasedontheestimatedeffortsorcoststocompletethecontract.Theprovisionismeasuredatthepresentvalueofthelowerofthe expectedcostofterminatingthecontractandtheexpectednetcostofcontinuingwiththecontract.BeforeaprovisionisestablishedtheGrouprecognizesany impairment loss on the assets associated with that contract. Provision for post sales client support and other provisions (Dollars in millions) As at Particulars |\n| March 31, 2025 March 31, 2024 Post-sales client support and others provisions 155 215 Provision pertaining to settlement (refer to note 2.6.2) 18 — Total provisions 173 215 Provisionforpostsalesclientsupportandotherprovisionsmajorlyrepresentscostsassociatedwithprovidingpostsalessupportserviceswhichareaccruedat |\n| the time of recognition of revenues and are expected to be utilized over a period of 1 year. Provisionforpostsalesclientsupportandotherprovisionsisincludedincostofsalesintheinterimcondensedconsolidatedstatementofcomprehensive income. |\n| AsatMarch31,2025andMarch31,2024,claimsagainsttheGroup,notacknowledgedasdebts,(excludingdemandsfromincometaxauthorities-Referto Note 2.12) amounted to $119 million (₹1,020 crore) and $95 million (₹789 crore), respectively. 2.6.2 Legal Proceedings |\n| McCamish Cybersecurity incident InNovember2023,certainsystemsofInfosysMcCamishSystemsLLC(“McCamish”),asubsidiaryofInfosysBPMLimited(awhollyownedsubsidiaryof InfosysLimited),wereencryptedbyransomware,resultinginthenon-availabilityofcertainapplicationsandsystems.McCamishinitiateditsincidentresponse andengagedcybersecurityandotherspecialiststoassistinitsinvestigationofandresponseto theincidentandremediationandrestorationofimpacted applications and systems. By December 31, 2023, McCamish, with external specialists’ assistance, substantially remediated and restored the affected |\n| applicationsandsystems.ActionstakenbyMcCamishincludedinvestigativeanalysisconductedbyathird-partycybersecurityfirmtodetermine,amongother things,whetherandtheextenttowhichcompanyorcustomerdatawassubjecttounauthorizedaccessorexfiltration.McCamishalsoengagedathird-party eDiscoveryvendorinassessingtheextentandnatureofsuchdata.McCamishincoordinationwithitsthird-partyeDiscoveryvendorhasidentifiedcorporate customersandindividualswhoseinformationwassubjecttounauthorizedaccessandexfiltration.McCamishprocessespersonaldataonbehalfofitscorporate customers. FromMarch6,2024throughJuly25,2024,sixactionswerefiledintheU.S.DistrictCourtfortheNorthernDistrictofGeorgiaagainstMcCamish.The actionsariseoutofthecybersecurityincidentatMcCamishinitiallydisclosedonNovember3,2023.Allsixactionshavesincebeenconsolidated,andthe consolidatedclassactioncomplaintwasfiledonNovember7,2024,purportedlyonbehalfofallpersonsresidingintheUnitedStateswhosepersonally identifiableinformationwascompromisedintheincident,includingallwhoweresentanoticeoftheincident.OnDecember20,2024,theCourtgrantedthe |\n| parties’jointmotiontostayproceedingspendingtheparties’effortstoresolvethelawsuitthroughmediation.OnMarch13,2025,McCamishandtheplaintiffs engagedinmediation,resultinginanin-principleagreementthatsetsforththetermsofaproposedsettlementoftheclassactionlawsuitsagainstMcCamish,as wellassevenclassactionlawsuitsarisingoutoftheincidentthathavebeenfiledagainstMcCamish’scustomers. Underthesettlementterms,McCamishhas agreedtopay$17.5millionintoafundtosettlethesematters.Theagreedtermsaresubjecttofinalizationofthetermsofthesettlementagreement,and preliminary and final court approval. If approved, the settlement will resolve all allegations made in the class action lawsuits without admission of any liability. McCamishhasrecordedanaccrualof$17.5millionrelatedtothesettlement. McCamishhasrecognizedaninsurancereimbursementreceivableof$17million |\n| whichhasbeenoffsetagainstthesettlementexpenseof$17.5millionintheStatementofComprehensiveIncome.McCamishmayincuradditionalcosts including from indemnities or damages/claims, which are indeterminable at this time. |\n| Others ApartfromlegalproceedingsandclaimsarisingfromtheMcCamishcybersecurityincident,theGroupissubjecttolegalproceedingsandclaimswhichhave |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 77, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "46ca8f7537565e5f", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and year ended March 31, 2025 | Page: 78\n\n| 2.7 Property, plant and equipment |\n|---|\n| Accounting Policy Property,plantandequipmentarestatedatcost,lessaccumulateddepreciationandimpairment,ifany.Costsdirectlyattributabletoacquisitionarecapitalizeduntiltheproperty,plantandequipmentarereadyfor |\n| use,asintendedbyManagement.Thechargeinrespectofperiodicdepreciationisderivedatafterdetermininganestimateofanasset’sexpectedusefullifeandtheexpectedresidualvalueattheendofitslife.The Group depreciates property, plant and equipment over their estimated useful lives using the straight-line method. The estimated useful lives of assets are as follows: Building 22-25 years Plant and machinery(1) 5 years Computer equipment 3-5 years Furniture and fixtures 5 years |\n| Vehicles 5 years Leasehold improvements Lower of useful life of the asset or lease term (1) Includes solar plant with a useful life of 25 years Depreciation methods, useful lives and residual values are reviewed periodically, including at each financial year end. The useful lives are based on historical experience with similar assets as well as anticipation of |\n| future events, which may impact their life, such as changes in technology. Advancespaidtowardstheacquisitionofproperty,plantandequipmentoutstandingateachbalancesheetdateandthecostofassetsnotreadytousebeforesuchdatearedisclosedunder‘Capitalwork-in-progress’. |\n| Subsequentexpendituresrelatingtoproperty,plantandequipmentiscapitalizedonlywhenitisprobablethatfutureeconomicbenefitsassociatedwiththesewillflowtotheGroupandthecostoftheitemcanbe measured reliably. The cost and related accumulated depreciation are eliminated from the financial statements upon sale or retirement of the asset. |\n| Impairment Property,plantandequipmentareevaluatedforrecoverabilitywhenevereventsorchangesincircumstancesindicatethattheircarryingamountsmaynotberecoverable.Forthepurposeofimpairmenttesting,the |\n| recoverableamount(i.e.thehigherofthefairvaluelesscosttosellandthevalue-in-use)isdeterminedonanindividualassetbasisunlesstheassetdoesnotgeneratecashflowsthatarelargelyindependentofthose from other assets. In such cases, the recoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs. Ifsuchassetsareconsideredtobeimpaired,theimpairmenttoberecognizedinnetprofitintheinterimcondensedconsolidatedstatementofcomprehensiveincomeismeasuredbytheamountbywhichthecarrying valueoftheassetsexceedstheestimatedrecoverableamountoftheasset.Animpairmentlossisreversedinnetprofitinthestatementofcomprehensiveincomeiftherehasbeenachangeintheestimatesusedto |\n| determinetherecoverableamount.Thecarryingamountoftheassetisincreasedtoitsrevisedrecoverableamount,providedthatthisamountdoesnotexceedthecarryingamountthatwouldhavebeendetermined (net of any accumulated depreciation) had no impairment loss been recognized for the asset in prior years. The changes in the carrying value of property, plant and equipment for the three months ended March 31, 2025 are as follows: (Dollars in millions) Plant and Computer Furniture and Particulars Land Buildings Vehicles Total machinery equipment fixtures Gross carrying value as at January 1, 2025 167 1,368 632 1,020 401 6 3,594 Additions 6 - 7 80 5 - 98 Deletions** - - (9) (17) (21) - (47) Translation difference - 3 2 5 1 - 11 Gross carrying value as at March 31, 2025 173 1,371 632 1,088 386 6 3,656 |\n| Accumulated depreciation as at January 1, 2025 - (612) (507) (800) (328) (5) (2,252) Depreciation - (12) (10) (34) (7) - (63) Accumulated depreciation on deletions** - - 8 16 21 - 45 Translation difference - (3) (2) (2) (1) - (8) Accumulated depreciation as at March 31, 2025 - (627) (511) (820) (315) (5) (2,278) Capital work-in progress as at March 31, 2025 119 Carrying value as at March 31, 2025 173 744 121 268 71 1 1,497 Capital work-in progress as at January 1, 2025 100 Carrying value as at January 1, 2025 167 756 125 220 73 1 1,442 The changes in the carrying value of property, plant and equipment for the three months ended March 31, 2024 are as follows: (Dollars in millions) Plant and Computer Furniture and Particulars Land Buildings Vehicles Total machinery equipment fixtures Gross carrying value as at January 1, 2024 172 1,381 622 1,021 406 6 3,608 Additions - 34 22 41 10 - 107 Deletions** - - (5) (27) (7) - (39) Translation difference (1) (4) (2) (3) (3) - (13) Gross carrying value as at March 31, 2024 171 1,411 637 1,032 406 6 3,663 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 78, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "535c1af99860d503", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and year ended March 31, 2025 | Page: 79\n\n| Accumulated depreciation as at April 1, 2024 - (590) (498) (765) (322) (5) (2,180) Depreciation - (52) (44) (148) (35) - (279) Accumulated depreciation on deletions** - 2 18 73 35 - 128 Translation difference - 13 13 20 7 - 53 Accumulated depreciation as at March 31, 2025 - (627) (511) (820) (315) (5) (2,278) Capital work-in progress as at April 1, 2024 54 Carrying value as at April 1, 2024 171 821 139 267 84 1 1,537 Capital work-in progress as at March 31, 2025 119 Carrying value as at March 31, 2025 173 744 121 268 71 1 1,497 **DuringthethreemonthsendedandyearendedMarch31,2025,certainassetswhichwerenotinusehavinggrossbookvalueof$13million(netbookvalue:Nil)and$60million(netbookvalue:Nil) |\n|---|\n| respectively, were retired The changes in the carrying value of property, plant and equipment for the year ended March 31, 2024 are as follows: (Dollars in millions) Plant and Computer Furniture and Particulars Land Buildings Vehicles Total machinery equipment fixtures Gross carrying value as at April 1, 2023 174 1,407 625 1,037 409 6 3,658 Additions - 36 40 112 24 - 212 Deletions* - (7) (19) (102) (20) - (148) Translation difference (3) (25) (9) (15) (7) - (59) Gross carrying value as at March 31, 2024 171 1,411 637 1,032 406 6 3,663 Accumulated depreciation as at April 1, 2023 - (552) (468) (709) (300) (5) (2,034) |\n| Depreciation - (54) (56) (167) (47) - (324) Accumulated depreciation on deletions* - 7 18 101 19 - 145 Translation difference - 9 8 10 6 - 33 Accumulated depreciation as at March 31, 2024 - (590) (498) (765) (322) (5) (2,180) Capital work-in progress as at April 1, 2023 55 Carrying value as at April 1, 2023 174 855 157 328 109 1 1,679 Capital work-in progress as at March 31, 2024 54 Carrying value as at March 31, 2024 171 821 139 267 84 1 1,537 *DuringthethreemonthsendedandyearendedMarch31,2024,certainassetswhichwerenotinusehavinggrossbookvalueof$22million(netbookvalue:Nil)and$93million(netbookvalue:Nil) respectively, were retired The aggregate depreciation expense is included in cost of sales in the interim condensed consolidated statement of comprehensive income. Repairs and maintenance costs are recognized in the consolidated statement of comprehensive income when incurred. ConsequenttotheCompanies(CorporateSocialResponsibilityPolicy)AmendmentRules,2021(“theRules”),theCompanywasrequiredtotransferitsCSRcapitalassetsinstalledpriortoJanuary2021.Towards thistheCompanyhadincorporatedasubsidiary‘InfosysGreenForum’ (IGF)underSection8oftheCompaniesAct,2013.DuringtheyearendedMarch31,2022theCompanyhadcompletedthetransferofassets |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 79, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "b5c8b17d4f490b5f", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and year ended March 31, 2025 | Page: 80\n\n| Accounting Policy |\n|---|\n| The Group as a lessee TheGroup’sleaseassetclassesprimarilyconsistofleasesforland,buildingsandcomputers.Thegroupassesseswhetheracontractcontainsalease,atinceptionofacontract.Acontract is,orcontains,aleaseifthecontractconveystherighttocontroltheuseofanidentifiedassetforaperiodoftimeinexchangeforconsideration.Toassesswhetheracontractconveysthe |\n| righttocontroltheuseofanidentifiedasset,thegroupassesseswhether:(1)thecontractinvolvestheuseofanidentifiedasset(2)thegrouphassubstantiallyalloftheeconomicbenefits from use of the asset through the period of the lease and (3) the group has the right to direct the use of the asset. Atthedateofcommencementofthelease,theGrouprecognizesaright-of-useasset(“ROU”)andacorrespondingleaseliabilityforallleasearrangementsinwhichitisalessee,except |\n| forleaseswithatermoftwelvemonthsorless(short-termleases)andlowvalueleases.Fortheseshort-termandlowvalueleases,theGrouprecognizestheleasepaymentsasanoperating expense on a straight-line basis over the term of the lease. Asalessee,theGroupdeterminestheleasetermasthenon-cancellableperiodofaleaseadjustedwithanyoptiontoextendorterminatethelease,iftheuseofsuchoptionisreasonably certain.TheGroupmakesanassessmentontheexpectedleasetermonalease-by-leasebasisandtherebyassesseswhetheritisreasonablycertainthatanyoptionstoextendorterminate |\n| thecontractwillbeexercised.Inevaluatingtheleaseterm,theGroupconsidersfactorssuchasanysignificantleaseholdimprovementsundertakenovertheleaseterm,costsrelatingtothe terminationoftheleaseandtheimportanceoftheunderlyingassettoGroup’soperationstakingintoaccountthelocationoftheunderlyingassetandtheavailabilityofsuitablealternatives. The lease term in future periods is reassessed to ensure that the lease term reflects the current economic circumstances. Certainleasearrangementsincludetheoptionstoextendorterminatetheleasebeforetheendoftheleaseterm.ROUassetsandleaseliabilitiesincludestheseoptionswhenitisreasonably |\n| certain that they will be exercised. Theright-of-useassetsareinitiallyrecognizedatcost,whichcomprisestheinitialamountoftheleaseliabilityadjustedforanyleasepaymentsmadeatorpriortothecommencementdate |\n| of the lease plus any initial direct costs less any lease incentives. They are subsequently measured at cost less accumulated depreciation and impairment losses. |\n| Right-of-use assets are depreciated from the commencement date on a straight-line basis over the shorter of the lease term and useful life of the underlying asset. Right-of-use assets are evaluated for recoverabilitywhenever events or changes in circumstances indicate that their carrying amounts maynot be recoverable. For the purpose of impairmenttesting,therecoverableamount(i.e.thehigherofthefairvaluelesscosttosellandthevalue-in-use)isdeterminedonanindividualassetbasisunlesstheassetdoesnot |\n| generatecashflowsthatarelargelyindependentofthosefromotherassets.Insuchcases,therecoverableamountisdeterminedfortheCashGeneratingUnit(CGU)towhichtheasset belongs. Theleaseliabilityisinitiallymeasuredatamortizedcostatthepresentvalueofthefutureleasepayments.Theleasepaymentsarediscountedusingtheinterestrateimplicitintheleaseor, |\n| ifnotreadilydeterminable,usingtheincrementalborrowingratesinthecountryofdomicileoftheseleases.Leaseliabilitiesareremeasuredwithacorrespondingadjustmenttotherelated right-of-use asset if the Group changes its assessment if whether it will exercise an extension or a termination option. |\n| Lease liability and ROU asset have been separately presented in the Balance Sheet and lease payments have been classified as financing cash flows. The Group as a lessor ` |\n| LeasesforwhichtheGroupisalessorisclassifiedasafinanceoroperatinglease.Wheneverthetermsoftheleasetransfersubstantiallyalltherisksandrewardsofownershiptothe lessee, the contract is classified as a finance lease. All other leases are classified as operating leases. WhentheGroupisanintermediatelessor,itaccountsforitsinterestsintheheadleaseandthesubleaseseparately.Thesubleaseisclassifiedasafinanceoroperatingleasebyreferenceto |\n| the right-of-use asset arising from the head lease. For operating leases, rental income is recognized on a straight-line basis over the term of the relevant lease. Following are the changes in the carrying value of right-of-use assets for the three months ended March 31, 2025 (Dollars in millions) |\n| Particulars Category of ROU asset Total Land Buildings Vehicles Computers Balance as of January 1, 2025 70 390 3 278 741 Additions* - 33 1 43 77 Deletions - (12) - (22) (34) Depreciation - (20) - (27) (47) Translation difference - 1 (1) 1 1 |\n| Balance as of March 31, 2025 70 392 3 273 738 *Net of adjustments on account of modifications Following are the changes in the carrying value of right-of-use assets for the three months ended March 31, 2024 (Dollars in millions) Particulars Category of ROU asset |\n| Total Land Buildings Vehicles Computers Balance as of January 1, 2024 73 424 2 329 828 Additions* - 8 - 45 53 Deletions - (11) - (26) (37) Depreciation (1) (21) - (29) (51) Translation difference - (4) - (3) (7) |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 80, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "1b83c28281b4d0e1", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and year ended March 31, 2025 | Page: 81\n\n| Balance as of Additions* Addition due t Deletions Depreciation | April 1, 2024 o Business Co | mbi | nation (Refer to N | ote 2.10) |  | Land 72 - - - (1) |  |  | Buildings 396 96 19 (28) (84) | Vehicles 2 3 1 (1) (1) | Computers 316 155 - (77) (115) |  |  | 786 254 20 (106) (201) |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| Translation dif Balance as of *Net of adjust Following are Particulars | ference March 31, 20 ments on accou the changes in | 25 nt the | of modifications carrying value of | right-of-use | assets for th | (1) 70 e year | ended | March 3 | (7) 392 1, 2024 Category of ROU asset | (1) 3 | (6) 273 | (Dollars | in mill | (15) 738 ions) Total |\n| Balance as of Additions* Deletions Depreciation Impairment | April 1, 2023 |  |  |  |  | Land 76 - (1) (1) - |  |  | Buildings 474 47 (22) (87) (10) | Vehicles 2 1 - (1) - | Computers 285 226 (91) (104) - |  |  | 837 274 (114) (193) (10) |\n| Translation dif Balance as of *Net of adjust | ference March 31, 20 ments on accou | 24 nt | of modifications a | nd lease inc | entives | (2) 72 |  |  | (6) 396 | - 2 | - 316 |  |  | (8) 786 |\n| The aggregate The following Particulars | depreciation e is the break-up | xpe of | nse on ROU asset current and non-c | s is included urrent lease | in cost of s liabilities as | ales in of Ma | the int rch 31, | erim con 2025 an | densed consolidated stateme d March 31, 2024 | nt of comprehensive in | come. As at | (Dollars | in mill | ions) |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 81, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "b258c86e96618677", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and year ended March 31, 2025 | Page: 82\n\n| 2.9 Goodwill and Intangible assets |\n|---|\n| 2.9.1 Goodwill |\n| Accounting Policy GoodwillrepresentspurchaseconsiderationinexcessoftheGroup'sinterestinthenetfairvalueofidentifiableassets,liabilitiesandcontingentliabilitiesoftheacquired entity.Whenthenetfairvalueoftheidentifiableassets,liabilitiesandcontingentliabilitiesacquiredexceedsthepurchaseconsideration,thefairvalueofnetassets |\n| acquiredisreassessedandthebargainpurchasegainisrecognizedimmediatelyinthenetprofitintheStatementofComprehensiveIncome.Goodwillismeasuredatcost less accumulated impairment losses. |\n| Impairment Goodwillistestedforimpairmentonanannualbasisandwheneverthereisanindicationthattherecoverableamountofacashgeneratingunit(CGU)islessthanits carryingamount.Fortheimpairmenttest,goodwillisallocatedtotheCGUorgroupsofCGU’swhichbenefitfromthesynergiesoftheacquisitionandwhichrepresents thelowestlevelatwhichgoodwillismonitoredforinternalmanagementpurposes.ACGUisthesmallestidentifiablegroupofassetsthatgeneratescashinflowsthatare |\n| largelyindependentofthecashinflowsfromotherassetsorgroupofassets.ImpairmentoccurswhenthecarryingamountofaCGUincludingthegoodwill,exceedsthe estimatedrecoverableamountoftheCGU.TherecoverableamountofaCGUisthehigherofitsfairvaluelesscosttosellanditsvalue-in-use.Value-in-useisthepresent valueoffuturecashflowsexpectedtobederivedfromtheCGU.Keyassumptionsinthecashflowprojectionsarepreparedbasedoncurrenteconomicconditionsand includes estimated long term growth rates, weighted average cost of capital and estimated operating margins. Following is a summary of changes in the carrying amount of goodwill: (Dollars in millions) As at Particulars March 31, 2025 March 31, 2024 Carrying value at the beginning 875 882 |\n| Goodwill on acquisitions (Refer to note 2.10) 309 - Translation differences (2) (7) Carrying value at the end 1,182 875 Forthepurposeofimpairmenttesting,goodwillacquiredinabusinesscombinationisallocatedtotheCGUorgroupsofCGUs,whichbenefitfromthesynergiesofthe acquisition. The following table presents the allocation of goodwill to operating segments as at March 31, 2025 and March 31, 2024 respectively : (Dollars in millions) As at Segment March 31, 2025 March 31, 2024 Financial services 177 177 Retail 112 112 |\n| Communication 81 81 Energy, Utilities, Resources and Services 156 139 Manufacturing 349 69 Life Sciences 114 114 989 692 Operating segments without significant goodwill 76 66 Total 1,065 758 |\n| The goodwill pertaining to Panaya amounting to $117 and $117 million as at March 31, 2025 and March 31, 2024, respectively is tested for impairment at the entity level. TherecoverableamountofaCGUisthehigherofitsfairvaluelesscosttosellanditsvalue-in-use.ThefairvalueofaCGUisdeterminedbasedonthemarket capitalization. Value-in-use is determined based on discounted future cash flows. The key assumptions used for the calculations are as follows: (in %) As at |\n| March 31, 2025 March 31, 2024 Long term growth rate 7-10 7-10 Operating margins 19-21 19-21 Discount rate 13 13 TheabovediscountrateisbasedontheWeightedAverageCostofCapital(WACC)oftheCompany.AsatMarch31,2025,theestimatedrecoverableamountoftheCGU |\n| exceededitscarryingamount.Reasonablesensitivitiesinthekeyassumptionsisunlikelytocausethecarryingamounttoexceedtherecoverableamountofthecash generating units. |\n| 2.9.2 Intangible assets |\n| Accounting Policy Intangibleassetsarestatedatcostlessaccumulatedamortizationandimpairment.Intangibleassetsareamortizedovertheirrespectiveindividualestimatedusefulliveson astraight-linebasis,fromthedatethattheyareavailableforuse.Theestimatedusefullifeofanidentifiableintangibleassetisbasedonanumberoffactorsincludingthe |\n| effectsofobsolescence,demand,competition,andothereconomicfactors(suchasthestabilityoftheindustryandknowntechnologicaladvances),andthelevelof maintenanceexpendituresrequiredtoobtaintheexpectedfuturecashflowsfromtheasset.Amortizationmethodsandusefullivesarereviewedperiodicallyincludingat each financial year end. Researchcostsareexpensedasincurred.Softwareproductdevelopmentcostsareexpensedasincurredunlesstechnicalandcommercialfeasibilityoftheprojectis |\n| demonstrated,futureeconomicbenefitsareprobable,theGrouphasanintentionandabilitytocompleteanduseorsellthesoftwareandthecostscanbemeasured reliably. The costs which can be capitalized include the cost of material, direct labour, overhead costs that are directly attributable to prepare the asset for its intended use. |\n| Impairment Intangibleassetsareevaluatedforrecoverabilitywhenevereventsorchangesincircumstancesindicatethattheircarryingamountsmaynotberecoverable.Forthe purposeofimpairmenttesting,therecoverableamount(i.e.thehigherofthefairvaluelesscosttosellandthevalue-in-use)isdeterminedonanindividualassetbasis |\n| unlesstheassetdoesnotgeneratecashflowsthatarelargelyindependentofthosefromotherassets.Insuchcases,therecoverableamountisdeterminedfortheCGUto which the asset belongs. Ifsuchassetsareconsideredtobeimpaired,theimpairmenttoberecognizedinthenetprofitinthestatementofcomprehensiveincomeismeasuredbytheamountby whichthecarryingvalueoftheassetsexceedstheestimatedrecoverableamountoftheasset.Animpairmentlossisreversedinthenetprofitinthestatementof comprehensiveincomeiftherehasbeenachangeintheestimatesusedtodeterminetherecoverableamount.Thecarryingamountoftheassetisincreasedtoitsrevised |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 82, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ac22da883ba83ab1", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and year ended March 31, 2025 | Page: 83\n\n| X13AO2.10 Business combinations |\n|---|\n| Accounting policy |\n| Business combinations have been accounted for using the acquisition method under the provisions of IFRS 3 (Revised), Business Combinations. The purchase price in an acquisition is measured at the fair value of the assets transferred, equityinstruments issued and liabilities incurred or assumed at the date of acquisition,whichisthedateonwhichcontrolistransferredtotheGroup.Thepurchasepricealsoincludesthefairvalueofanycontingentconsideration.Identifiableassets acquiredandliabilitiesandcontingentliabilitiesassumedinabusinesscombinationaremeasuredinitiallyattheirfairvalueonthedateofacquisition.Contingentconsideration |\n| isremeasuredatfairvalueateachreportingdateandchangesinthefairvalueofthecontingentconsiderationarerecognizedintheinterimcondensed ConsolidatedStatement of Comprehensive Income. Theinterestofnon-controllingshareholdersisinitiallymeasuredeitheratfairvalueoratthenon-controllinginterests’proportionateshareoftheacquiree’sidentifiablenet assets.Thechoiceofmeasurementbasisismadeonanacquisition-by-acquisitionbasis.Subsequenttoacquisition, thecarrying amountofnon-controllinginterests isthe |\n| amount of those interests at initial recognition plus the non-controlling interests’ share of subsequent changes in equity of subsidiaries. BusinesscombinationsbetweenentitiesundercommoncontrolisoutsidethescopeofIFRS3(Revised),BusinessCombinationsandisaccountedforatcarryingvalueofassets |\n| acquired and liabilities assumed. ThepaymentsrelatedtooptionsissuedbytheGroupoverthenon-controllinginterestsinitssubsidiariesareaccountedasfinancialliabilitiesandinitiallyrecognizedatthe estimatedpresentvalueofgrossobligations.Suchoptionsaresubsequentlymeasuredatfairvalueinordertoreflecttheamountpayableundertheoptionatthedateatwhichit |\n| becomes exercisable. In the event that the option expires unexercised, the liability is derecognized. Acquisition |\n| InSemi OnMay10,2024,InfosysLtdacquired100%votinginterestsinInSemiTechnologyServicesPrivateLimited,asemiconductordesignservicescompanyheadquarteredin |\n| India. This acquisition is expected to strengthen our expertise in semiconductor ecosystem and Engineering R&D services. The purchase price is allocated to assets acquired and liabilities assumed based upon determination of fair values at the date of acquisition as follows: (Dollars in million) Component Acquiree's Fair value Purchase price allocated carrying amount adjustments Net Assets(1) 5 - 5 Intangible assets: Customer related# - 7 7 Brand# - 2 2 |\n| Deferred tax liabilities on intangible assets - ( 2) ( 2) Total 1 2 Goodwill 1 2 Total purchase price 2 4 (1)Includes cash and cash equivalents acquired of $5 million. #The estimated useful life is around 1 year to 5 years Theexcessofthepurchaseconsiderationpaidoverthefairvalueofassetsacquiredhasbeenattributedtogoodwill.Theprimaryitemsthatgeneratedthisgoodwillarethevalue of the acquired assembled workforce and estimated synergies, neither of which qualify as an intangible asset. |\n| Goodwill is not tax-deductible. |\n| The purchase consideration of $24 million includes cash of $20 million and contingent consideration with an estimated fair value of $4 million as on the date of acquisition. Attheacquisitiondate,thekeyinputsusedindeterminationofthefairvalueofcontingentconsiderationaretheprobabilitiesassignedtowardsachievementoffinancialtargets |\n| and discount rate of 5.9%. The undiscounted value of contingent consideration as of March 31, 2025 was $4 million. Additionally,thisacquisitionhasretentionbonusandmanagementincentivepayabletotheemployeesoftheacquireeoverthreeyears,subjecttotheircontinuousemployment withtheGroupandachievementoffinancialtargetsfortherespectiveyears.BonusandincentivesarerecognizedinemployeebenefitexpensesintheConsolidatedStatement |\n| of Comprehensive Income over the period of service. |\n| Fair value of trade receivables acquired is $4 million as of acquisition date and as of March 31, 2025 the amounts are substantially collected. TransactioncoststhattheGroupincursinconnectionwithabusinesscombinationsuchasfinder’sfees,legalfees,duediligencefees,andotherprofessionalandconsulting |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 83, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "8f0779f2e0d0a827", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and year ended March 31, 2025 | Page: 84\n\n| in-tech Holding GmbH OnJuly17,2024,InfosysGermanyGmbHwhollyownedstepdownsubsidiaryofInfosysLimitedacquired100%votinginterestsinin-techHoldingGmbH,aleadingprovider |\n|---|\n| of engineering R&D services headquartered in Germany. This acquisition is expected to strengthen Infosys’ engineering R&D capabilities and reaffirms its continued commitment to global clients to navigate their digital engineering journey. |\n| The purchase price is allocated to assets acquired and liabilities assumed based upon determination of fair values at the date of acquisition as follows: (Dollars in million) Component Acquiree's Fair value Purchase price allocated carrying amount adjustments Assets(1) 8 7 - 8 7 Liabilities ( 43) - ( 43) Intangible assets: Customer related# - 2 05 2 05 Brand# - 1 8 1 8 Deferred tax liabilities on intangible assets - ( 61) ( 61) |\n| Goodwill 2 97 Loan ( 118) - ( 118) Total purchase price 3 85 Loan repayment 1 18 Total cash outflow 5 03 (1)Includes cash and cash equivalents acquired of $23 million. #The estimated useful life is around 6 years to 10 years Theexcessofthepurchaseconsiderationpaidoverthefairvalueofassetsacquiredhasbeenattributedtogoodwill.Theprimaryitemsthatgeneratedthisgoodwillarethevalue of the acquired assembled workforce and estimated synergies, neither of which qualify as an intangible asset. |\n| Goodwill is not tax-deductible. |\n| The total purchase consideration of $385 million comprises the cash consideration paid to selling shareholders at the acquisition date. Additionally, this acquisition hasretention bonusand management incentivepayabletotheemployees oftheacquireeover twoto fiveyears, subjectto their continuous |\n| employmentwiththeGroupandachievementoffinancialtargetsfortherespectiveyears.BonusandincentivesarerecognizedinemployeebenefitexpensesintheStatementof Profit and loss over the period of service. |\n| Fair value of trade receivables acquired is $17 million as of acquisition date and as of March 31, 2025 the amounts are substantially collected. TransactioncoststhattheGroupincursinconnectionwithabusinesscombinationsuchasfinder’sfees,legalfees,duediligencefees,andotherprofessionalandconsulting feesareexpensedasincurred.Thetransactioncostsof$1millionrelatedtotheacquisitionhavebeenincludedunderadministrativeexpensesintheConsolidatedStatementof |\n| Comprehensive Income for the quarter ended September 30, 2024. |\n| Proposed acquisitions On April 17, 2025, Infosys Singapore Pte Ltd., a wholly-owned step down subsidiary of Infosys Limited, entered into a definitive agreement to acquire 100% of the equity share capital of The Missing Link, a leading Cybersecurity service provider headquartered in Australia, for a consideration including earn-outs amounting up to AUD 98 million |\n| (approximately $62 million), excluding management incentives, and retention bonus, subject to customary closing adjustments. On April 17, 2025, Infosys Nova Holdings LLC, a wholly-owned step down subsidiary of Infosys Limited, entered into a definitive agreement to acquire 100% of the partnership interests of MRE Consulting Ltd, a leading Energy Consulting company, headquartered in USA, for a consideration including earn-outs amounting up to $36 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 84, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "c90a32bc43e1bccc", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and year ended March 31, 2025 | Page: 85\n\n| 2.11 Employees' Stock Option Plans (ESOP) |\n|---|\n| Accounting Policy TheGrouprecognizescompensationexpenserelatingtoshare-basedpaymentsinnetprofitbasedonestimatedfair-valuesoftheawardsonthegrantdate.Theestimatedfairvalue |\n| ofawardsisrecognizedasanexpenseinnetprofitintheinterimcondensedconsolidatedstatementofcomprehensiveincomeonastraight-linebasisovertherequisiteservice period for each separately vesting portion of the award as if the award was in-substance, multiple awards with a corresponding increase to share premium. |\n| Infosys Expanded Stock Ownership Program 2019 (the 2019 Plan) OnJune22,2019pursuanttoapprovalbytheshareholdersintheAnnualGeneralMeeting,theBoardhasbeenauthorizedtointroduce,offer,issueandprovideshare-based incentivestoeligibleemployeesoftheCompanyanditssubsidiariesunderthe2019Plan.Themaximumnumberofsharesunderthe2019planshallnotexceed50,000,000equity shares.Toimplementthe2019Plan,upto45,000,000equitysharesmaybeissuedbywayofsecondaryacquisitionofsharesbyInfosysExpandedStockOwnershipTrust.The RestrictedStockUnits(RSUs)grantedunderthe2019planshallvestbasedontheachievementofdefinedannualperformanceparametersasdeterminedbytheadministrator |\n| (NominationandRemunerationCommittee).TheperformanceparameterswillbebasedonacombinationofrelativeTotalShareholderReturn(TSR)againstselectedindustrypeers andcertainbroadermarketdomesticandglobalindicesandoperatingperformancemetricsofthecompanyasdecidedbyadministrator.Eachoftheabove performanceparameters willbedistinctforthepurposesofcalculationofquantityofsharestovestbasedonperformance.Theseinstrumentswillgenerallyvestbetweenaminimumof1tomaximumof3 years from the grant date. |\n| 2015 Stock Incentive Compensation Plan (the 2015 Plan): OnMarch31,2016,pursuanttotheapprovalbytheshareholdersthroughpostalballot,theBoardwasauthorizedtointroduce,offer,issueandallotshare-basedincentivesto eligibleemployeesoftheCompanyanditssubsidiariesunderthe2015Plan.Themaximumnumberofsharesunderthe2015planshallnotexceed24,038,883equityshares(this |\n| includes11,223,576equityshareswhichareheldbythetrusttowardsthe2011PlanasatMarch31,2016).Theseinstrumentswillgenerallyvestoveraperiodof4years Theplan numbers mentioned above are further adjusted with the September 2018 bonus issue. TheequitysettledandcashsettledRSUsandstockoptionswouldvestgenerallyoveraperiodof4yearsandshallbeexercisablewithintheperiodasapprovedbytheNomination |\n| andRemunerationCommittee(NARC).TheexercisepriceoftheRSUswillbeequaltotheparvalueofthesharesandtheexercisepriceofthestockoptionswouldbethemarket price as on the date of grant. Controlledtrustholds9,655,927and10,916,829sharesasatMarch31,2025andMarch31,2024,respectivelyunderthe2015plan.Outoftheseshares,2,00,000equityshares |\n| each have been earmarked for welfare activities of the employees as at March 31, 2025 and March 31, 2024. The following is the summary of grants during three months and year ended March 31, 2025 and March 31, 2024: |\n| 2019 Plan 2015 Plan Three months ended Three months ended |\n| Particulars Year ended March 31, Year ended March 31, March 31, March 31, 2025 2024 2025 2024 2025 2024 2025 2024 Equity settled RSUs |\n| Key Management Personnel (KMP) 49,000 26,900 119,699 141,171 85,674 77,094 380,842 498,730 Employees other than KMP 3,617,798 3,582,471 3,624,646 4,046,731 1,722,470 3,442,700 1,874,690 4,640,640 Total Grants 3,666,798 3,609,371 3,744,345 4,187,902 1,808,144 3,519,794 2,255,532 5,139,370 Cash settled RSUs Key Management Personnel (KMP) - - - - - - - - |\n| Employees other than KMP - - - - 94,050 169,040 94,050 176,990 - - - - 94,050 169,040 94,050 176,990 Total Grants 3,666,798 3,609,371 3,744,345 4,187,902 1,902,194 3,688,834 2,349,582 5,316,360 |\n| Notes on grants to KMP: |\n| CEO & MD |\n| Under the 2015 plan: TheBoard,onApril18,2024,basedontherecommendationsoftheNominationandRemunerationCommitteeapprovedthefollowinggrantsforfiscal2025.Inaccordancewith |\n| such approval the following grants were made effective May 2, 2024. -245,679performance-basedRSUs(Annualperformanceequitygrant)offairvalueof₹34.75crore.TheseRSUswillvestinlinewiththeemploymentagreementbasedon |\n| achievement of certain performance targets. -14,140performance-basedgrantofRSUs(AnnualperformanceequityESGgrant)offairvalueof₹2crore.TheseRSUswillvestinlinewiththeemploymentagreementbasedon |\n| achievement of certain environment, social and governance milestones as determined by the Board. - 35,349 performance-based grant of RSUs (Annual performance Equity TSR grant) of fair value of ₹5 crore . These RSUs will vest in line with the employment agreement based on |\n| Company’s performance on cumulative relative TSR over the years and as determined by the Board. Further,inaccordancewiththeemployeeagreementwhichhasbeenapprovedbytheshareholders,theCEOiseligibletoreceiveanannualgrantofRSUsoffairvalue₹3crore |\n| whichwillvestovertimeinthreeequalannualinstallmentsuponthecompletionofeachyearofservicefromtherespectivegrantdate.Accordingly,annualtime-basedgrantof 16,204 RSUs was made effective February 1, 2025 for fiscal 2025. ThoughtheannualtimebasedgrantsandannualperformanceequityTSRgrantfortheremainingemploymenttermendingonMarch31,2027havenotbeengrantedasofMarch |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 85, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "cf39d28e855c0c24", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and year ended March 31, 2025 | Page: 86\n\n| Under the 2019 plan: TheBoard,onApril18,2024,basedontherecommendationsoftheNominationandRemunerationCommittee,approvedperformance-basedgrantofRSUsamountingto₹10crore forfiscal2025underthe2019Plan.TheseRSUswillvestbasedonachievementofcertainperformancetargets.Accordingly,70,699performancebasedRSU’sweregranted |\n|---|\n| effective May 2, 2024. Other KMP |\n| Under the 2015 plan: DuringtheyearendedMarch31,2025,basedon recommendationsofNominationandRemunerationCommittee,theBoardapproved69,470time basedRSUstootherKMP |\n| under the 2015 plan. Time based RSUs will vest over four years. |\n| Under the 2019 plan: DuringtheyearendedMarch31,2025,basedon recommendationsofNominationandRemunerationCommittee,theBoardapprovedperformancebasedgrantsof49,000 RSUs |\n| to other KMPs under the 2019 plan. These RSUs will vest over three years based on achievement of certain performance targets. The break-up of employee stock compensation expense is as follows: (Dollars in millions) Three months ended Year ended March 31, Particulars March 31, |\n| 2025 2024 2025 2024 Granted to: KMP 2 2 8 8 Employees other than KMP 21 25 87 71 Total (1) 23 27 95 79 (1) |\n| Cash settled stock compensation expense included in the above - 1 2 2 ThefairvalueoftheawardsareestimatedusingtheBlack-ScholesModelfortimeandnon-marketperformancebasedoptionsandMonteCarlosimulationmodelisusedforTSR |\n| based options. Theinputstothemodelincludethesharepriceatdateofgrant,exerciseprice,expectedvolatility,expecteddividends,expectedtermandtheriskfreerateofinterest.Expected volatilityduringtheexpectedtermoftheoptionsisbasedonhistoricalvolatilityoftheobservedmarketpricesoftheCompany'spubliclytradedequitysharesduringaperiod |\n| equivalenttotheexpectedtermoftheoptions.Expectedvolatilityofthecomparativecompanyhavebeenmodelledbasedonhistoricalmovementsinthemarketpricesoftheir publiclytradedequitysharesduringaperiodequivalenttotheexpectedtermoftheoptions.Correlationcoefficientiscalculatedbetweeneachpeerentityandtheindicesasawhole or between each entity in the peer group. |\n| The fair value of each equity settled award is estimated on the date of grant using the following assumptions: Particulars For options granted in Fiscal 2025- Fiscal 2025- Fiscal 2024- Fiscal 2024- Equity Shares- ADS-RSU Equity Shares- ADS-RSU RSU RSU Weighted average share price (₹) / ($ ADS) 1,808 21.44 1,588 19.19 Exercise price (₹)/ ($ ADS) 5.00 0.07 5.00 0.07 |\n| Expected volatility (%) 21-26 23-28 23-31 25-33 Expected life of the option (years) 1-4 1-4 1-4 1-4 Expected dividends (%) 2-3 2-3 2-3 2-3 Risk-free interest rate (%) 7 4-5 7 4-5 Weighted average fair value as on grant date (₹) / ($ ADS) 1,555 18.20 1,317 16.27 TheexpectedlifeoftheRSU/ESOPisestimatedbasedonthevestingtermandcontractualtermoftheRSU/ESOP,aswellasexpectedexercisebehavioroftheemployeewho |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 86, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d3570e26a3c41573", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and year ended March 31, 2025 | Page: 87\n\n| 2.12 Income Taxes |\n|---|\n| Accounting policy Incometaxexpensecomprisescurrentanddeferredincometax.Incometaxexpenseisrecognizedinnetprofitintheconsolidatedstatementofcomprehensiveincomeexceptto theextentthatitrelatestoitemsrecognizeddirectlyinequity,inwhichcaseitisrecognizedinequityorothercomprehensiveincome.Currentincometaxforcurrentandprior periodsisrecognizedattheamountexpectedtobepaidtoorrecoveredfromthetaxauthorities,usingthetaxratesandtaxlawsthathavebeenenactedorsubstantivelyenacted |\n| bytheBalanceSheetdate.Deferredincometaxassetsandliabilitiesarerecognizedforalltemporarydifferencesarisingbetweenthetaxbasesofassetsandliabilitiesandtheir carryingamountsinthefinancialstatementsexceptwhenthedeferredincometaxarisesfromtheinitialrecognitionofgoodwilloranassetorliabilityinatransactionthatisnota businesscombinationandaffectsneitheraccountingnortaxableprofitorlossatthetimeofthetransaction.Deferredtaxassetsarereviewedateachreportingdateandare reduced to the extent that it is no longer probable that the related tax benefit will be realized. DeferredincometaxassetsandliabilitiesaremeasuredusingtaxratesandtaxlawsthathavebeenenactedorsubstantivelyenactedbytheBalanceSheetdateandareexpectedto applytotaxableincomeintheyearsinwhichthosetemporarydifferencesareexpectedtoberecoveredorsettled.Theeffectofchangesintaxratesondeferredincometaxassets andliabilitiesisrecognizedasincomeorexpenseintheperiodthatincludestheenactmentorthesubstantiveenactmentdate.Adeferredincometaxassetisrecognizedtothe |\n| extentthatitisprobablethatfuturetaxableprofitwillbeavailableagainstwhichthedeductibletemporarydifferencesandtaxlossescanbeutilized.Deferredincometaxesarenot providedontheundistributedearningsofsubsidiariesandbrancheswhereitisexpectedthattheearningsofthesubsidiaryorbranchwillnotbedistributedintheforeseeable future. TheGroupoffsetscurrenttaxassetsandcurrenttaxliabilities;deferredtaxassetsanddeferredtaxliabilities,whereithasalegallyenforceablerighttosetofftherecognized amountsandwhereitintendseithertosettleonanetbasis,ortorealizetheassetandsettletheliabilitysimultaneously.Theincometaxprovisionfortheinterimperiodismade |\n| basedonthebestestimateoftheannualaveragetaxrateexpectedtobeapplicableforthefullfinancialyear.Taxbenefitsofdeductionsearnedonexerciseofemployeeshare options in excess of compensation charged to income are credited to equity. Income tax expense in the interim condensed consolidated statement of comprehensive income comprises: (Dollars in million) Three months ended March 31, Year ended March 31, Particulars 2025 2024 2025 2024 Current taxes Domestic taxes 245 124 1,089 768 |\n| Foreign taxes 77 18 346 247 322 142 1,435 1,015 Deferred taxes Domestic taxes (27) 114 (110) 180 Foreign taxes 8 17 (40) (18) (19) 131 (150) 162 Income tax expense 303 273 1,285 1,177 IncometaxexpenseforthethreemonthsendedMarch31,2025andMarch31,2024includesreversal(netofprovisions)of$14millionand$105million,respectively.Income taxexpensefortheyearendedMarch31,2025andMarch31,2024includesprovisions(netofreversals)of$16millionandreversal(netofprovisions)of $113million, |\n| respectively. These provisions and reversals pertaining to prior periods are primarily onaccount ofadjudication ofcertain disputed matters, uponfilingoftax returnand completion of assessments, across various jurisdictions During the three months ended March 31, 2025, the Company received orders under section 250 of the Income Tax Act, 1961, from the Income Tax Authorities in India for the assessment years, 2016-17 and 2019-20. These orders confirmed the Company's position with respect to tax treatment of certain contentious matters. As a result interest income |\n| (pre-tax) of $38 million was recognised and provision for income tax aggregating $21 million was reversed with a corresponding credit to the Statement of Profit and Loss. Also, upon resolution of the disputes, an amount aggregating to $125 million has been reduced from contingent liabilities. |\n| Deferred income tax for the three months ended and year ended March 31, 2025 and March 31, 2024 substantially relates to origination and reversal of temporary differences TheCompany’sAdvancedPricingArrangement(APA)withtheInternalRevenueService(IRS)forUSbranchincometaxexpiredinMarch2021.TheCompanyhasappliedfor |\n| renewal of APA and currently the US taxable income is based on the Company’s best estimate determined based on the expected value method. AsatMarch31,2025,claimsagainsttheGroupnotacknowledgedasdebtsfromtheIncometaxauthoritiesamountedto$226million(₹1,933crore).AsatMarch31,2024, |\n| claims against the Group not acknowledged as debts from the Income tax authorities amounted to $335 million (₹2,794 crore). Amountpaidtostatutoryauthoritiesagainstthetaxclaimsamountedto$491million(₹4,199crore)and$1,048million(₹8,743crore)asatMarch31,2025andMarch31,2024 |\n| respectively TheclaimsagainsttheGroupprimarilyrepresentdemandsarisingoncompletionofassessmentproceedingsundertheIncomeTaxAct,1961.Theseclaimsareonaccountof issuesofdisallowanceofexpendituretowardssoftwarebeingheldascapitalinnature,paymentsmadetoAssociatedEnterprisesheldasliableforwithholdingoftaxes,among |\n| others.ThesemattersarependingbeforevariousIncomeTaxAuthoritiesandtheManagementincludingitstaxadvisorsexpectthatitspositionwilllikelybeupheldonultimate resolution and will not have a material adverse effect on the Group's financial position and results of operations. |\n| 2.13 Earnings per equity share |\n| Accounting Policy BasicearningsperequityshareiscomputedbydividingthenetprofitattributabletotheequityholdersoftheGroupbytheweightedaveragenumberofequitysharesoutstanding duringtheperiod.DilutedearningsperequityshareiscomputedbydividingthenetprofitattributabletotheequityholdersoftheGroupbytheweightedaveragenumberofequity sharesconsideredforderivingbasicearningsperequityshareandalsotheweightedaveragenumberofequitysharesthatcouldhavebeenissueduponconversionofalldilutive |\n| potentialequityshares.Thedilutivepotentialequitysharesareadjustedfortheproceedsreceivablehadtheequitysharesbeenactuallyissuedatfairvalue(i.e.theaveragemarket valueoftheoutstandingequityshares).Dilutivepotentialequitysharesaredeemedconvertedasofthebeginningoftheperiod,unlessissuedatalaterdate.Dilutivepotential equity shares are determined independently for each period presented. Thenumberofequitysharesandpotentiallydilutiveequitysharesareadjustedretrospectivelyforallperiodspresentedforanysharesplitsandbonussharesissuesincludingfor |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 87, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "8db678ab97f6b9e7", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and year ended March 31, 2025 | Page: 88\n\n| . | alongwithitssubsidiaryin-techGmbHalongwithitssixsubsidiariesin-techAutomotiveEngineeringSL,ProIT,in-techAutomotiveEng drivetechFahrversuchGmbH,FriedrichWagnerHoldingIncalongwithitstwosubsidiaries(in-techAutomotiveEngineeringLLCandi Friedrich&WagnerAsiaPacificGmbHalongwithitsfivesubsidiariesin-techengineerings.r.o,in-techengineeringGmbH,in-techengin techGroupLtdalongwithitssubsidiary(in-techGroupIndiaPrivateLimited)andIn-techAutomotiveEngineeringShenyangCo.,Ltdalo tech AutomotiveEngineeringBeijingCo., Ltd).SubsequentlyonSeptember 01,2024 in-techGroup IndiaPrivate Limitedbecame awh Infosys limited. On October 17, 2024, Infosys Singapore Pte Ltd. acquired 100% of voting interests in Blitz 24-893 SE ,Germany | ineeringdeR.L.deC.V, n-techServicesLLC)and eeringservicesS.R.L,in- ngwithitssubsidiary(In- olly-owned subsidiaryof |\n|---|---|---|\n| . | Skava systems Private Limited, a wholly-owned subsidiary of Infosys ltd has been liquidated effective November 14, 2024 |  |\n| . | in-tech Automotive Engineering de. R L de. C V, a wholly-owned subsidiary of in-tech GmbH is under liquidation. |  |\n| . | Friedrich Wagner Holding Inc, a wholly-owned subsidiary of in-tech GmbH is under liquidation. |  |\n| . | in-tech Services LLC, a wholly-owned subsidiary of Friedrich Wagner Holding Inc has been liquidated effective November 30, 2024 |  |\n| . | in-tech Automotive Engineering LLC, a wholly-owned subsidiary of Friedrich Wagner Holding Inc has been liquidated effective November 3 | 0, 2024 |\n| . | Infosys Consulting S.r.l. (Romania) renamed as Infosys Romania S.r.l. |  |\n| . | Kaleidoscope Animations, a wholly-owned subsidiary of Infosys Nova Holdings LLC merged into Infosys Nova Holdings LLC effective Janua | ry 1, 2025 |\n| . | Blue Acorn iCi Inc, a wholly-owned subsidiary of Infosys Nova Holdings LLC merged into Infosys Nova Holdings LLC effective January 1, 2 | 025 |\n| . | WongDoody Inc, a wholly-owned subsidiary of Infosys limited merged into Infosys Nova Holdings LLC effective January 1, 2025 |  |\n| . | Outbox systems Inc. dba Simplus (US), a wholly-owned subsidiary of Infosys Nova Holdings LLC merged into Infosys Nova Holdings LLC e | ffective January 1, 2025 |\n| . | in-tech Holding GmbH, a wholly-owned subsidiary of Infosys Singapore Pte. Limited merged into in-tech GmbH effective January 1, 2025 |  |\n| . | Friedrich & Wagner Asia Pacific GmbH, a wholly-owned subsidiary of in-tech GmbH merged into in-tech GmbH effective January 1, 2025 |  |\n| . | Infosys Limited SPC, a Wholly-owned subsidiary of Infosys Limited was incorporated on December 12, 2024. |  |\n| . | Infosys BPM Netherlands B.V., a Wholly-owned subsidiary of Infosys BPM Limited was incorporated on March 20, 2025. |  |\n| Cha | nge in key management personnel |  |\n| The | following are the changes in the key management personnel:(cid:9)(cid:9)(cid:9)(cid:9)(cid:9)(cid:9) |  |\n| Exe | cutive Officers: |  |\n| - | Jayesh Sanghrajka (appointed as Chief Financial Officer effective April 1, 2024) |  |\n| Tra The Part | nsactions with key management personnel table below describes the compensation to key management personnel which comprise directors and executive officers: iculars Three months ended March 31, Year 2025 2024 | (Dollars in millions) ended March 31, 2025 2024 |\n| Sala offic Com Tota (1) | ries and other short term employee benefits to whole-time directors and executive 4 4 ers(1)(2) mission and other benefits to non-executive/ independent directors - 1 l 4 5 Total employee stock compensation expense for the three months ended March 31, 2025 and March 31, 2024 includes a charge of $2 | 14 14 2 2 16 16 million and $2 million |\n| resp towa (2) | ectively,towardskeymanagementpersonnel.FortheyearendedMarch31,2025andMarch31,2024,includesachargeof$8millionand rds key management personnel. (Refer note 2.11). | $8millionrespectively, |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 88, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "a685321c8984d71a", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and year ended March 31, 2025 | Page: 89\n\n| 2.15 Segment reporting IFRS8OperatingSegmentsestablishesstandardsforthewaythatpublicbusinessenterprisesreportinformationaboutoperatingsegmentsandrelateddisclosuresaboutproductsandservices, |\n|---|\n| geographic areas, and major customers. The Group's operations predominantly relate to providing end-to-end business solutions to enable clients to enhance business performance. TheChiefOperatingDecisionMaker(CODM)evaluatestheGroup'sperformanceandallocatesresourcesbasedonananalysisofvariousperformanceindicatorsbybusinesssegments. |\n| Accordingly,informationhasbeenpresentedalongbusinesssegments.Theaccountingprinciplesusedinthepreparationofthefinancialstatementsareconsistentlyappliedtorecordrevenue and expenditure in individual segments, and are as set out in the accounting policies. BusinesssegmentsoftheGroupareprimarilyenterprisesinFinancialServicesandInsurance,enterprisesinManufacturing,enterprisesinRetail,ConsumerPackagedGoodsandLogistics, enterprisesintheEnergy,Utilities,ResourcesandServices,enterprisesinCommunication,TelecomOEMandMedia,enterprisesinHi-Tech,enterprisesinLifeSciencesandHealthcareand |\n| allothersegments.TheFinancialservicesreportablesegmentshasbeenaggregatedtoincludetheFinancialServicesoperatingsegmentandFinacleoperatingsegmentbecauseofthesimilarity of the economic characteristics. All other segments represent the operating segments of businesses in India, Japan, China, Infosys Public Services & other enterprises in Public Services. Revenueandidentifiableoperatingexpensesinrelationtosegmentsarecategorizedbasedonitemsthatareindividuallyidentifiabletothatsegment.Revenuefor'allothersegments'represents revenuegeneratedbyInfosysPublicServicesandrevenuegeneratedfromcustomerslocatedinIndia,JapanandChinaandotherenterprisesinpublicservice.Allocatedexpensesofsegments includeexpensesincurredforrenderingservicesfromtheGroup'soffshoresoftwaredevelopmentcentersandon-siteexpenses,whicharecategorizedinrelationtotheassociatedeffortsofthe |\n| segment.Certainexpensessuchasdepreciationandamortization,whichformasignificantcomponentoftotalexpenses,arenotspecificallyallocabletospecificsegmentsastheunderlying assetsareusedinterchangeably.TheManagementbelievesthatitisnotpracticaltoprovidesegmentdisclosuresrelatingtothosecostsandexpenses,andaccordinglytheseexpensesare separately disclosed as \"unallocated\" and adjusted against the total income of the Group. AssetsandliabilitiesusedintheGroup'sbusinessarenotidentifiedtoanyofthereportablesegments,astheseareusedinterchangeablybetweensegments.TheManagementbelievesthatitis |\n| currently not practicable to provide segment disclosures relating to total assets and liabilities since a meaningful segregation of the available data is onerous. |\n| Business segment revenue information is collated based on individual customers invoiced or in relation to which the revenue is otherwise recognized. |\n| Disclosure of revenue by geographic locations is given in note 2.16 Revenue from operations |\n| 2.15.1 Business segments For the three months ended March 31, 2025 and March 31, 2024 |\n| (Dollars in millions) Particulars Financial Retail(2) Communication Energy, Manufacturing Hi-Tech Life All other Total |\n| Services(1) (3) Utilities, Sciences(4) segments(5) Resources and Services Revenue 1,342 629 554 614 754 393 320 124 4,730 1,205 653 562 610 673 399 332 130 4,564 Identifiable operating expenses 770 316 355 320 483 232 190 71 2,737 727 312 366 327 440 240 197 78 2,687 Allocated expenses 231 123 102 111 133 69 59 23 851 244 117 99 111 103 62 59 25 820 Segment Profit 341 190 97 183 138 92 71 30 1,142 234 224 97 172 130 97 76 27 1,057 Unallocable expenses 150 140 Operating profit 992 917 Other income, net 137 328 Finance Cost 12 13 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 89, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "e6b4a3a6554bb9f2", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and year ended March 31, 2025 | Page: 90\n\n| Particulars |  |  | Finan | cial | Retail(2) | Communication | Energy, Manufactu | ring | Hi-Tech | Life | (Dollars in mi All other | llions) Total |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| Revenue Identifiable operating Allocated expenses Segment Profit Unallocable expenses Operating profit Other income, net Finance Cost | expenses |  | Service 5, 5,0 3, 2,9 9 1, 1,1 | s(1) 342 93 059 93 971 73 312 27 | 2,609 2,719 1,293 1,414 472 473 844 832 | (3) an 2,260 2,173 1,469 1,337 396 391 395 445 | Utilities, Resources d Services 2,568 2 2,417 2, 1,406 1 1,309 1, 441 444 721 664 | ,980 696 ,911 763 495 423 574 510 | Scienc 1,548 1 1,498 1, 897 874 270 245 381 379 | es(4) ,400 391 848 811 237 230 315 350 | segments(5) 570 575 354 355 118 128 98 92 | 19,277 18,562 11,237 10,856 3,400 3,307 4,640 4,399 569 565 4,071 3,834 425 568 49 56 |\n| Profit before income Income tax expense Net profit Depreciation and amo Non-cash expenses ot (1) Financial Services (2) Retail includes ent (3) Communication in (4) Life Sciences inclu (5) Others include ope | taxes rtization her than depreciati include enterprise erprises in Retail, cludes enterprises des enterprises in rating segments o | on and amort s in Financi Consumer P in Communi Life sciences f businesses | ization al Servi ackage cation, and H in India | ces and d Goods Telecom ealth car , Japan, | Insuranc and Logi OEM an e China, I | e stics d Media nfosys Public Services | & other enterprises in P | ublic Servi | ces |  |  | 4,447 4,346 1,285 1,177 3,162 3,169 569 565 - - |\n| 2.15.2 Significant cli | ents |  |  |  |  |  |  |  |  |  |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 90, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "260ae5a81c50a215", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and year ended March 31, 2025 | Page: 91\n\n| 2.16 Revenue from Operations |\n|---|\n| Accounting Policy: TheGroupderivesrevenuesprimarilyfromITservicescomprisingsoftwaredevelopmentandrelatedservices,cloudandinfrastructureservices,maintenance,consultingandpackage |\n| implementation, licensing of software products and platforms across the Group’s core and digital offerings (together called as “software related services”) and business process management services. Contracts with customers are either on a time-and-material, unit of work, fixed-price or on a fixed-timeframe basis. Revenuesfromcustomercontractsareconsideredforrecognitionandmeasurementwhenthecontracthasbeenapprovedinwriting,bytheparties,tothecontract,thepartiestocontract arecommittedtoperformtheirrespectiveobligationsunderthecontract,andthecontractislegallyenforceable.Revenueisrecognizedupontransferofcontrolofpromisedproductsor |\n| services(“performanceobligations”)tocustomersinanamountthatreflectstheconsiderationtheGrouphasreceivedorexpectstoreceiveinexchangefortheseproductsorservices (“transaction price”). When there is uncertainty as to collectability, revenue recognition is postponed until such uncertainty is resolved. The Group assesses the services promised in a contract and identifies distinct performance obligations in the contract. The Group allocates the transaction price to eachdistinct performanceobligationbasedontherelativestandalonesellingprice.Thepricethatisregularlychargedforanitemwhensoldseparatelyisthebestevidenceofitsstandaloneselling |\n| price.Intheabsenceofsuchevidence,theprimarymethodusedtoestimatestandalonesellingpriceistheexpectedcostplusamargin,underwhichtheGroupestimatesthecostof satisfying the performance obligation and then adds an appropriate margin based on similar services. TheGroup’scontractsmayincludevariableconsiderationincludingrebates,volumediscountsandpenalties.TheGroupincludesvariableconsiderationaspartoftransactionpricewhen thereisabasistoreasonablyestimatetheamountofthevariableconsiderationandwhenitisprobablethatasignificantreversalofcumulativerevenuerecognizedwillnotoccurwhenthe uncertainty associated with the variable consideration is resolved. Revenueontime-and-materialandunitofworkbasedcontracts,arerecognizedastherelatedservicesareperformed.Fixedpricemaintenancerevenueisrecognizedratablyeitherona straight-linebasiswhenservicesareperformedthroughanindefinitenumberofrepetitiveactsoveraspecifiedperiodorratablyusingapercentageofcompletionmethodwhenthepattern ofbenefitsfromtheservicesrenderedtothecustomerandGroup’scoststofulfilthecontractisnoteventhroughtheperiodofcontractbecausetheservicesaregenerallydiscreteinnature |\n| andnotrepetitive.Revenuefromotherfixed-price,fixed-timeframecontracts,wheretheperformanceobligationsaresatisfiedovertimeisrecognizedusingthepercentage-of-completion method.Effortsorcostsexpendedareusedtodetermineprogresstowardscompletionasthereisadirectrelationshipbetweeninputandproductivity.Progresstowardscompletionis measuredastheratioofcostsoreffortsincurredtodate(representingworkperformed)totheestimatedtotalcostsorefforts.Estimatesoftransactionpriceandtotalcostsoreffortsare continuouslymonitoredoverthetermofthecontractsandarerecognizedinnetprofitintheperiodwhentheseestimateschangeorwhentheestimatesarerevised.Revenuesandthe estimatedtotalcostsoreffortsaresubjecttorevisionasthecontractprogresses.Provisionsforestimatedlosses,ifany,onincompletecontractsarerecordedintheperiodinwhichsuch losses become probable based on the estimated efforts or costs to complete the contract. Thebillingschedulesagreedwithcustomersincludeperiodicperformancebasedbillingand/ormilestonebasedprogressbillings.Revenuesinexcessofbillingareclassifiedasunbilled |\n| revenue while billing in excess of revenues are classified as contract liabilities (which we refer to as unearned revenues). Inarrangementsforsoftwaredevelopmentandrelated servicesand maintenanceservices, byapplyingtherevenue recognitioncriteria foreachdistinctperformance obligation,the arrangementswithcustomersgenerallymeetthecriteriaforconsideringsoftwaredevelopmentandrelatedservicesasdistinctperformanceobligations.Forallocatingthetransactionprice, theGroupmeasurestherevenueinrespectofeachperformanceobligationofacontractatitsrelativestandalonesellingprice.Thepricethatisregularlychargedforanitemwhensold |\n| separatelyisthebestevidenceofitsstandalonesellingprice.IncaseswheretheGroupisunabletodeterminethestandalonesellingprice,theGroupusestheexpectedcostplusmargin approachinestimatingthestandalonesellingprice.Forsoftwaredevelopmentandrelatedservices,theperformanceobligationsaresatisfiedasandwhentheservicesarerenderedsince the customer generally obtains control of the work as it progresses. Certaincloudandinfrastructureservicescontractsincludemultipleelementswhichmaybesubjecttootherspecificaccountingguidance,suchasleasingguidance.Thesecontractsare accounted inaccordance withsuchspecific accountingguidance. Insucharrangements where the Groupis able to determine that hardware and services are distinct performance |\n| obligations, itallocatestheconsiderationtotheseperformanceobligationsonarelativestandalonesellingpricebasis.Intheabsenceofstandalonesellingprice,theGroupusesthe expectedcost-plusmarginapproachinestimatingthestandalonesellingprice.Whensucharrangementsareconsideredasasingleperformanceobligation,revenueisrecognizedoverthe period and measure of progress is determined based on promise in the contract. Revenuefromlicenseswherethecustomerobtainsa“righttouse”thelicensesisrecognizedatthetimethelicenseismadeavailabletothecustomer.Revenuefromlicenseswherethe |\n| customer obtains a “right to access” is recognized over the access period. Arrangementstodeliversoftwareproductsgenerallyhavethreeelements:license,implementationandAnnualTechnicalServices(ATS).Whenimplementationservicesareprovidedin conjunctionwiththelicensingarrangementandthelicenseandimplementationhavebeenidentifiedastwodistinctseparateperformanceobligations,thetransactionpriceforsuch contractsareallocatedtoeachperformanceobligationofthecontractbasedontheirrelativestandalonesellingprices.Intheabsenceofstandalonesellingpriceforimplementation,the |\n| Groupusestheexpectedcostplusmarginapproachinestimatingthestandalonesellingprice.Wherethelicenseisrequiredtobesubstantiallycustomizedaspartoftheimplementation servicetheentirearrangementfeeforlicenseandimplementationisconsideredtobeasingleperformanceobligationandtherevenueisrecognizedusingthepercentage-of-completion methodastheimplementationisperformed.Revenuefromclienttraining,supportandotherservicesarisingduetothesaleofsoftwareproductsisrecognizedastheperformance obligations are satisfied. ATS revenue is recognized ratably on a straight-line basis over the period in which the services are rendered. Contractswithcustomersincludessubcontractorservicesorthird-partyvendorequipmentorsoftwareincertainintegratedservicesarrangements.Inthesetypesofarrangements,revenue fromsalesofthird-partyvendorproductsorservicesisrecordednetofcostswhentheGroupisactingasanagentbetweenthecustomerandthevendor,andgrosswhentheGroupisthe |\n| principalforthetransaction.Indoingso,theGroupfirstevaluateswhetheritobtainscontrolofthespecifiedgoodsorservicesbeforetheyaretransferredtothecustomer.TheGroup considerswhetheritisprimarilyresponsibleforfulfillingthepromisetoprovidethespecifiedgoodsorservices,inventoryrisk,pricingdiscretionandotherfactorstodeterminewhetherit controls the specified goods or services and therefore, is acting as a principal or an agent. Acontractmodificationisachangeinthescopeorpriceorbothofacontractthatisapprovedbythepartiestothecontract.Acontractmodificationthatresultsintheadditionofdistinct performanceobligationsareaccountedforeitherasaseparatecontractiftheadditionalservicesarepricedatthestandalonesellingpriceorasaterminationoftheexistingcontractand |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 91, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "4850d07a59832f0f", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and year ended March 31, 2025 | Page: 92\n\n| them. Certaineligible,nonrecurringcosts(e.g.set-uportransitionortransformationcosts)thatdonotrepresentaseparateperformanceobligationarerecognizedasanassetwhensuchcosts(a) |\n|---|\n| relate directly to the contract; (b) generate or enhance resources of the Group that will be used in satisfying the performance obligation in the future; and (c) are expected to be recovered. Capitalizedcontractcostsrelatingtoupfrontpaymentstocustomersareamortizedtorevenueandothercapitalizedcostsareamortizedtocostofsalesovertherespectivecontractlifeon |\n| asystematicbasisconsistentwiththetransferofgoodsorservicestocustomertowhichtheassetrelates.Capitalizedcostsaremonitoredregularlyforimpairment.Impairmentlossesare recorded when present value of projected remaining operating cash flows is not sufficient to recover the carrying amount of the capitalized costs |\n| The Group presents revenues net of indirect taxes in its interim Consolidated Statement of Comprehensive Income. Revenues for the three months and year ended March 31, 2025 and March 31, 2024 is as follows: (Dollars in millions) Particulars Three months ended March 31, Year ended March 31, |\n| 2025 2024 2025 2024 Revenue from software services 4,507 4,341 18,379 17,549 Revenue from products and platforms 223 223 898 1,013 Total revenue from operations 4,730 4,564 19,277 18,562 |\n| Products & platforms TheGroupalsoderivesrevenuesfromthesaleofproductsandplatformslikeFinacle–corebankingsolution,EdgeSuiteofproducts,Panayaplatform,StaterdigitalplatformandInfosys |\n| McCamish – insurance platform. |\n| Disaggregated revenue information Revenuedisaggregationbybusinesssegmentshasbeenincludedinsegmentinformation(Refernote2.15).Thetablebelowpresentsdisaggregatedrevenuesfromcontractswithcustomers |\n| bygeographyandcontracttype.TheGroupbelievesthatthisdisaggregationbestdepictshowthenature,amount,timinganduncertaintyofrevenuesandcashflowsareaffectedby industry, market and other economic factors. Three months and year ended March 31, 2025 and March 31, 2024 (Dollars in millions) Particulars Three months ended March 31, Year ended March 31, 2025 2024 2025 2024 Revenues by Geography* North America 2,698 2,721 11,166 11,163 |\n| Europe 1,476 1,307 5,745 5,105 India 139 100 593 469 Rest of the world 417 436 1,773 1,825 Total 4,730 4,564 19,277 18,562 * Geographical revenue is based on the domicile of customer Thepercentageofrevenuefromfixed-pricecontractsforthethreemonthsendedMarch31,2025andMarch31,2024is54%and54%,respectively.Thepercentageofrevenuefrom |\n| fixed-price contracts for the year ended March 31, 2025 and March 31, 2024 is 54% and 53%, respectively |\n| Trade Receivables and Contract Balances Thetimingofrevenuerecognition,billingsandcashcollectionsresultsinreceivables,unbilledrevenue,andunearnedrevenueontheGroup’sConsolidatedBalanceSheet.Amountsare |\n| billed as work progresses in accordance with agreed-upon contractual terms, either at periodic intervals (e.g., monthly or quarterly) or upon achievement of contractual milestones. TheGroup’sreceivablesarerightstoconsiderationthatareunconditional.Unbilledrevenuescomprisingrevenuesinexcessofbillingsfromtimeandmaterialcontractsandfixedprice maintenance contracts are classified as financial asset when the right to consideration is unconditional and is due only after a passage of time. |\n| Invoicingtotheclientsforotherfixedpricecontractsisbasedonmilestonesasdefinedinthecontractandthereforethetimingofrevenuerecognitionisdifferentfromthetimingof invoicingtothecustomers.Therefore,unbilledrevenuesforotherfixedpricecontracts(contractasset)areclassifiedasnon-financialassetbecausetherighttoconsiderationisdependent on completion of contractual milestones. |\n| Invoicing in excess of earnings are classified as unearned revenue. |\n| Trade receivable and unbilled revenues are presented net of impairment in the consolidated balance sheet. 2.17 Unbilled Revenue (Dollars in millions) |\n| Particulars As at March 31, 2025 March 31, 2024 Unbilled financial asset (1) 1,195 1,151 |\n| Unbilled non financial asset (2) 569 593 Total 1,764 1,744 (1) |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 92, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "fb73365c65dc03eb", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and year ended March 31, 2025 | Page: 93\n\n| X22AO2.18 Equity |\n|---|\n| Accounting policy |\n| Ordinary Shares Ordinarysharesareclassifiedasequity.Incrementalcostsdirectlyattributabletotheissuanceofnewordinaryshares,shareoptionsandbuybackarerecognizedasa |\n| deduction from equity, net of any tax effects. |\n| Treasury Shares WhenanyentitywithintheGrouppurchasesthecompany'sordinaryshares,theconsiderationpaidincludinganydirectlyattributableincrementalcostispresentedas adeductionfromtotalequity,untiltheyarecancelled,soldorreissued.Whentreasurysharesaresoldorreissuedsubsequently,theamountreceivedisrecognizedas |\n| an increase in equity, and the resulting surplus or deficit on the transaction is transferred to/ from Share premium. |\n| Share premium Theamountreceivedinexcessoftheparvaluehasbeenclassifiedassharepremium.Additionally,share-basedcompensationrecognizedinnetprofitintheinterim |\n| condensedconsolidatedstatementofcomprehensiveincomeiscreditedtosharepremium.Amountshavebeenutilizedforbonusissueandsharebuybackfromshare premium account. |\n| The Company has only one class of shares referred to as equity shares having a par value of ₹5/-. |\n| Retained earnings |\n| Retained earnings represent the amount of accumulated earnings of the Group. |\n| Other Reserves TheSpecialEconomicZoneRe-investmentreservehasbeencreatedoutoftheprofitoftheeligibleSEZunitintermsoftheprovisionsofSec10AA(1)(ii)ofIncome |\n| TaxAct,1961.ThereserveshouldbeutilizedbytheCompanyforacquiringnewplantandmachineryforthepurposeofitsbusinessintermsoftheprovisionsofthe Sec 10AA (2) of the Income Tax Act, 1961. |\n| Capital Redemption Reserve Inaccordancewithsection69oftheIndianCompaniesAct,2013,theCompanycreatescapitalredemptionreserveequaltothenominalvalueofthesharesbought |\n| back as an appropriation from general reserve / retained earnings. |\n| Cash flow hedge reserve When a derivative is designated as a cash flow hedging instrument, the effective portion of changes in the fair value of the derivative is recognized in other |\n| comprehensiveincomeandaccumulatedinthecashflowhedgingreserve.Thecumulativegainorlosspreviouslyrecognizedinthecashflowhedgingreserveis transferred to the net profit in the interim condensed consolidated Statement of Comprehensive Income upon the occurrence of the related forecasted transaction. |\n| Other components of equity Othercomponentsofequityincludecurrencytranslation,re-measurementofnetdefinedbenefitliability/asset,fairvaluechangesofequityinstrumentsfairvalued |\n| through other comprehensive income, changes on fair valuation of investments, net of taxes. 2.18.1 Voting |\n| Eachholderofequitysharesisentitledtoonevotepershare.TheequitysharesrepresentedbyAmericanDepositaryShares(ADS)carrysimilarrightstovotingand dividends as the other equity shares. Each ADS represents one underlying equity share. |\n| 2.18.2 Liquidation Intheeventofliquidationofthecompany,theholdersofsharesshallbeentitledtoreceiveanyoftheremainingassetsofthecompany,afterdistribution ofall |\n| preferentialamounts.However,nosuchpreferentialamountsexistcurrently,otherthantheamountsheldbyirrevocablecontrolledtrusts.Theamountdistributedwill be in proportion to the number of equity shares held by the shareholders. For irrevocable controlled trusts, the corpus would be settled in favor of the beneficiaries. |\n| 2.18.3 Share options |\n| There are no voting, dividend or liquidation rights to the holders of options issued under the company's share option plans. |\n| 2.18.4 Share capital and share premium The Companyhas onlyone class ofshares referred to as equityshares having a par value of ₹5/-each. 96,55,927 shares and 10,916,829 shares were held by |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 93, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "6c6d9a2495e23ccd", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and year ended March 31, 2025 | Page: 94\n\n| 2.18.5 Capital allocation policy Effectivefiscal2025,theCompanyexpectstocontinueitspolicyofreturningapproximately85%ofthefreecashflowcumulativelyovera5-yearperiodthrougha combination ofsemi-annualdividends and/orshare buyback/specialdividendssubject toapplicable lawsand requisiteapprovals, ifany. Underthis policy,the |\n|---|\n| Company expects to progressively increase its annual dividend per share (excluding special dividend if any). FreecashflowisdefinedasnetcashprovidedbyoperatingactivitieslesscapitalexpenditureaspertheconsolidatedstatementofcashflowspreparedunderIFRS. |\n| Dividend and buyback include applicable taxes. TheCompany’sobjectivewhenmanagingcapitalistosafeguarditsabilitytocontinueasagoingconcernandtomaintainanoptimalcapitalstructuresoasto maximizeshareholdervalue.Inordertomaintainorachieveanoptimalcapitalstructure,theCompanymayadjusttheamountofdividendpayment,returncapitalto |\n| shareholders,issuenewsharesorbuybackissuedshares.AsofMarch31,2025,theCompanyhasonlyoneclassofequitysharesandhasnodebt.Consequenttothe above capital structure there are no externally imposed capital requirements. |\n| Dividend Thefinaldividendonsharesisrecordedasaliabilityonthedateofapprovalbytheshareholdersandinterimdividendsarerecordedasaliabilityonthedateof declarationbytheCompany'sBoardofDirectors.Incometaxconsequencesofdividendsonfinancialinstrumentsclassifiedasequitywillberecognizedaccordingto |\n| where the entity originally recognized those past transactions or events that generated distributable profits. TheCompanydeclaresandpaysdividendsinIndianrupees.Companiesarerequiredtopay/distributedividendafterdeductingapplicabletaxes.Theremittanceof |\n| dividends outside India is governed by Indian law on foreign exchange and is also subject to withholding tax at applicable rates. |\n| The amount of per share dividend recognized as distribution to equity shareholders is as follows: Year ended March 31, 2025 Year ended March 31, 2024 Particulars in ₹ in US Dollars in ₹ in US Dollars Interim dividend for fiscal 2025 21.00 0.25 - - |\n| Special dividend for fiscal 2024 8.00 0.10 - - Final dividend for fiscal 2024 20.00 0.24 - - Interim dividend for fiscal 2024 - - 18.00 0.22 Final dividend for fiscal 2023 - - 17.50 0.21 DuringtheyearendedMarch31,2025,onaccountofthefinalandspecialdividendforfiscal2024andinterimdividendforfiscal2025,theCompanyhasincurreda |\n| net cash outflow of ₹20,295 crore (approximately $2,417 million) (excluding dividend paid on treasury shares) TheBoardofDirectorsintheirmeetingheldonApril17,2025recommendedafinaldividendof₹22/-perequityshare(approximately$0.26perequityshare)forthe financialyearendedMarch31,2025.ThepaymentissubjecttotheapprovalofshareholdersintheAGMoftheCompanytobeheldonJune25,2025andif |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 94, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "cacaa5429ce44be2", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and year ended March 31, 2025 | Page: 95\n\n| X20AOX20AO2.19 Break-up of expenses and other income, net |\n|---|\n| Accounting policy |\n| 2.19.1 Gratuity and Pensions TheGroupprovidesforgratuity,adefinedbenefitretirementplan('theGratuityPlan')coveringeligibleemployeesmajorlyofInfosysanditsIndiansubsidiaries.TheGratuity Planprovidesalump-sumpaymenttovestedemployeesatretirement,death,incapacitationorterminationofemployment,ofanamountbasedontherespectiveemployee's salaryandthetenureofemploymentwiththeGroup.TheCompanycontributesGratuityliabilitiestotheInfosysLimitedEmployees'GratuityFundTrust(theTrust).Incase |\n| ofInfosysBPMandEdgeVerve,contributionsaremadetotheInfosysBPMEmployees'GratuityFundTrustandEdgeVerveSystemsLimitedEmployees'GratuityFundTrust, respectively.TrusteesadministercontributionsmadetotheTrustsandcontributionsareinvestedinaschemewiththeLifeInsuranceCorporationofIndiaaspermittedby Indian law. TheGroupoperatesdefinedbenefitpensionplanincertainoverseasjurisdictions,inaccordancewiththelocallaws.Theseplansaremanagedbythirdpartyfundmanagers. |\n| Theplansprovideforperiodicpayoutsafterretirementorforalumpsumpaymentassetoutinrulesofeachfundandincludesdeathanddisabilitybenefits.Thedefined benefit plans require contributions which are based on a percentage of salary that varies depending on the age of the respective employees. Liabilitieswithregardtothesedefinedbenefitplansaredeterminedbyactuarialvaluation,performedbyanexternalactuary,ateachBalanceSheetdateusingtheprojected |\n| unit credit method. These defined benefit plans expose the Group to actuarial risks, such as longevity risk, interest rate risk and market risk. TheGrouprecognizesthenetobligationofadefinedbenefitplaninitsBalanceSheetasanassetorliability.Gainsandlossesthroughre-measurementsofthenetdefined benefitliability/(asset)arerecognizedinothercomprehensiveincomeandarenotreclassifiedtoprofitorlossinsubsequentperiods.Theactualreturnoftheportfolioofplan |\n| assets,inexcessoftheyieldscomputedbyapplyingthediscountrateusedtomeasurethedefinedbenefitobligationisrecognizedinothercomprehensiveincome.Theeffect of any plan amendments is recognized in net profits in the interim condensed consolidated statement of comprehensive income. |\n| 2.19.2 Superannuation Certain employees ofInfosys, Infosys BPMand EdgeVerve are participants in a defined contribution plan. The Group has nofurther obligations tothe Plan beyondits |\n| monthly contributions which are periodically contributed to a trust fund, the corpus of which is invested with the Life Insurance Corporation of India. |\n| 2.19.3 Provident fund EligibleemployeesofInfosysreceivebenefitsfromaprovidentfund,whichisadefinedbenefitplan.Boththeeligibleemployeeandthecompanymakemonthlycontributions totheprovidentfundplanequaltoaspecifiedpercentageofthecoveredemployee'ssalary.ThecompanycontributesaportionofthecontributionstotheInfosysLimited |\n| Employees'ProvidentFundTrust.ThetrustinvestsinspecificdesignatedinstrumentsaspermittedbyIndianlaw.Theremainingportioniscontributedtothegovernment administeredpensionfund.TherateatwhichtheannualinterestispayabletothebeneficiariesbythetrustisbeingadministeredbytheGovernmentofIndia.Thecompany has an obligation to make good the shortfall, if any, between the return from the investments of the Trust and the notified interest rate. InrespectofIndiansubsidiaries,eligibleemployeesreceivebenefitsfromaprovidentfund,whichisadefinedcontributionplan.Boththeeligibleemployeeandtherespective |\n| companiesmakemonthlycontributionstothisprovidentfundplanequaltoaspecifiedpercentageofthecoveredemployee'ssalary.Amountscollectedundertheprovident fund plan are deposited in a government administered provident fund. The companies have no further obligation to the plan beyond its monthly contributions. |\n| 2.19.4 Compensated absences TheGrouphasapolicyoncompensatedabsenceswhicharebothaccumulatingandnon-accumulatinginnature.Theexpectedcostofaccumulatingcompensatedabsencesis determinedbyactuarialvaluationperformedbyanexternalactuaryateachbalancesheetdateusingprojectedunitcreditmethodontheadditionalamountexpectedtobe |\n| paid/availedasaresultoftheunusedentitlementthathasaccumulatedatthebalancesheetdate.Expenseonnon-accumulatingcompensatedabsencesisrecognizedinthe period in which the absences occur. |\n| 2.19.5 Other income, net Otherincomeiscomprisedprimarilyofinterestincome,dividendincome,gain/lossoninvestmentandexchangegain/lossonforwardandoptionscontractsandontranslation offoreigncurrencyassetsandliabilities.Interestincomeisrecognizedusingtheeffectiveinterestmethod.Dividendincomeisrecognizedwhentherighttoreceivepaymentis |\n| established. |\n| 2.19.6 Foreign Currency |\n| Functional currency and presentation currency ThefunctionalcurrencyofInfosys,itsIndiansubsidiariesandcontrolledtrustsistheIndianrupee.Thefunctionalcurrenciesforforeignsubsidiariesaretheirrespectivelocal currencies.ThesefinancialstatementsarepresentedinU.S.dollars(roundedofftothenearestmillion)tofacilitatetheinvestors’abilitytoevaluateInfosys’performanceand |\n| financial position in comparison to similar companies domiciled in other geographic locations. |\n| Transactions and translations Foreign-currencydenominatedmonetaryassetsandliabilitiesaretranslatedintotherelevantfunctionalcurrencyatexchangeratesineffectattheBalanceSheetdate.The gainsorlossesresultingfromsuchtranslationsarerecognizedintheinterimcondensedConsolidatedStatementofComprehensiveIncomeandreportedwithinexchange gains/(losses)ontranslationofassetsandliabilities,net, exceptwhendeferredinOtherComprehensiveIncomeasqualifyingcashflowhedges.Non-monetaryassetsandnon |\n| monetaryliabilitiesdenominatedinaforeigncurrencyandmeasuredatfairvaluearetranslatedattheexchangerateprevalentatthedatewhenthefairvaluewasdetermined. Non-monetaryassetsandnon-monetaryliabilitiesdenominatedinaforeigncurrencyandmeasuredathistoricalcostaretranslatedattheexchangerateprevalentatthedateof transaction. The related revenue and expense are recognized using the same exchange rate. Transactiongainsorlossesrealizeduponsettlementofforeigncurrencytransactionsareincludedindeterminingnetprofitfortheperiodinwhichthetransactionissettled. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 95, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "cff92b8ae427d041", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and year ended March 31, 2025 | Page: 96\n\n| profitintheStatementofComprehensiveIncome.However,whenachangeintheparent'sownershipdoesnotresultinlossofcontrolofasubsidiary,suchchangesare recorded through equity. OtherComprehensiveIncome,netoftaxesincludestranslationdifferencesonnon-monetaryfinancialassetsmeasuredatfairvalueatthereportingdate,suchasequities |\n|---|\n| classified as financial instruments and measured at fair value through other comprehensive income (FVOCI). Goodwillandfairvalueadjustmentsarisingontheacquisitionofaforeignentityaretreatedasassetsandliabilitiesoftheforeignentityandtranslatedattheexchangeratein |\n| effect at the Balance Sheet date. |\n| 2.19.7 Government grants TheGrouprecognizesgovernmentgrantsonlywhenthereisreasonableassurancethattheconditionsattachedtothemshallbecompliedwith,andthegrantswillbereceived. Governmentgrantsrelatedtoassetsaretreatedasdeferredincomeandarerecognizedinthenetprofitinthestatementofcomprehensiveincomeonasystematicandrational |\n| basisovertheusefullifeoftheasset.Governmentgrantsrelatedtorevenuearerecognizedonasystematicbasisinthestatementofcomprehensiveincomeovertheperiods necessary to match them with the related costs which they are intended to compensate. |\n| 2.19.8 Operating Profits |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 96, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "56b45ab6ee5c55ef", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and year ended March 31, 2025 | Page: 97\n\n| The table below provides details of break-up of expenses: Cost of sales (Dollars in millions) Three months ended March 31, Year ended March 31, Particulars 2025 2024 2025 2024 Employee benefit costs 2,293 2,214 9,151 8,998 Depreciation and amortization* 150 140 569 565 Travelling costs 41 39 149 150 Cost of technical sub-contractors 379 357 1,530 1,477 Cost of software packages for own use 72 63 278 245 |\n|---|\n| Third party items bought for service delivery to clients 375 377 1,589 1,372 Consultancy and professional charges (17) 13 11 36 Communication costs 7 8 34 40 Repairs and maintenance 15 14 59 54 Provision for post-sales client support and other provisions (26) (15) (13) 9 Others 13 9 48 29 Total 3,302 3,219 13,405 12,975 *DuringthethreemonthsendedMarch31,2025,adeclineintherevenueestimatesledtothecarryingvalueofthecustomerrelatedintangiblesassetsrecognizedonbusiness combinationexceedingtheestimatedrecoverableamount.Consequently,theCompanyhasrecognized$22millionastheexcessofcarryingvalueovertheestimatedrecoverable value for the three months ended March 31, 2025. Selling and marketing expenses (Dollars in millions) Three months ended March 31, Year ended March 31, Particulars 2025 2024 2025 2024 Employee benefit costs 165 158 677 656 |\n| Travelling costs 12 10 48 38 Branding and marketing 40 34 144 121 Consultancy and professional charges 6 4 19 17 Communication costs - - 1 1 Others 3 3 9 9 Total 226 209 898 842 Administrative expenses (Dollars in millions) Three months ended March 31, Year ended March 31, Particulars 2025 2024 2025 2024 Employee benefit costs 85 83 337 327 Consultancy and professional charges 46 42 167 157 Repairs and maintenance 30 31 123 121 Power and fuel 6 6 26 24 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 97, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "4235c9726a1c95ec", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and year ended March 31, 2025 | Page: 98\n\n| Gain/(loss) on i Interest income Exchange gains Exchange gains Others Total | nve on / (l / (l | stments ca income ta osses) on osses) on | rried at x refund forward translati | fair valu and opt on of ot | e through ions contra her assets | profit or loss cts and liabilities | 6 38 (8) 21 (3) 137 | 11 231 23 (15) 10 328 | 34 41 (24) 55 15 425 | 34 237 12 11 24 568 |\n|---|---|---|---|---|---|---|---|---|---|---|\n| for and on beha | lf o | f the Boar | d of Dir | ectors o | f Infosys L Nandan Chairm | imited M. Nilekani Salil an Chief | Parekh Executive Officer |  | Bobby Parikh Director |  |\n| Bengaluru |  |  |  |  | Jayesh S | and anghrajka A.G. | Managing Director S. Manikantha |  |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 98, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ce1bfe58d8d971c0", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 105\n\n| Ind | ex |  | Page No. |\n|---|---|---|---|\n| Con | solid | ated Bala | nce Sheet……………………………………………………………………………….. 1 |\n| Con | solid | ated Stat | ement of Comprehensive Income……………………………………………………….. 2 |\n| Con | solid | ated Stat | ement of Changes in Equity ……………………………………..…………………………………3 |\n| Con | solid | ated Stat | ement of Cash Flows………………………………………………………………………. 5 |\n| Ove | rvie | w and No | tes to the Interim Consolidated Financial Statements |\n| 1. O | verv | iew |  |\n|  | 1.1 C | ompany | overview …………………………………………………….………………………………………7 |\n|  | 1.2 B | asis of pr | eparation of financial statements …………………………………………………….……………7 |\n|  | 1.3 B | asis of co | nsolidation……………………………………………………………………………… 7 |\n|  | 1.4 U | se of esti | mates and judgments…………………………………………………………………. 7 |\n|  | 1.5 C | ritical ac | counting estimates and judgements…………………………………………………………………7 |\n|  | 1.6 R | ecent acc | ounting pronouncements…………………………………………………………….. 8 |\n| 2. N | otes | to the In | terim Consolidated Financial Statements |\n|  | 2.1 C | ash and c | ash equivalents ……………………………………………………………………….. 9 |\n|  | 2.2 I | nvestmen | ts…………………………………………………………………………………………. 9 |\n|  | 2.3 F | inancial i | nstruments………………………………………………………………………………. 11 |\n|  | 2.4 P | repayme | nts and other assets………………………………………………………………………. 18 |\n|  | 2.5 O | ther liabi | lities……………………………………………………………………………………….. 19 |\n|  | 2.6 P | rovisions | and other contingencies…………………………………………………………………………2…0 |\n|  | 2.7 P | roperty, p | lant and equipment……………………………………………………………………….. 22 |\n|  | 2.8 L | eases…… | ………………..……………………………………………………………………….. 24 |\n|  | 2.9 G | oodwill | and Intangible Assets...……………………………………………………………..... 27 |\n|  | 2.10 | Business | combinations ………………………………...………………………………………. 31 |\n|  | 2.11 | Employe | es' Stock Option Plans (ESOP)……………………………………………………………………33 |\n|  | 2.12 | Income T | axes……………………………………………………………………………………. 36 |\n|  | 2.13 | Earnings | per equity share……………………………………………………………………………………39. |\n|  | 2.14 | Related p | arty transactions……………………………………………………………………………………39 |\n|  | 2.15 | Segment | reporting…………………………………………………………………………………………44 |\n|  | 2.16 | Revenue | from Operations………………………………………………………………………………….4.6 |\n|  | 2.17 | Unbilled | Revenue……………………………………………………………………………….. 47 |\n|  | 2.18 | Equity… | ………………….………………………………………………………………………… 48 |\n|  | 2.19 | Expense | s by nature………………...……………………………......…………...………………… 50 |\n|  | 2.20 | Employe | e benefits………………...……………………………......…………...………………… 51 |\n|  | 2.21 | Other In | come………………...……………………………......…………...……………………… 57 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 105, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "7248294afe398b0d", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 106\n\n| Infosys Limited | and subsidiaries |  |  |  |  |  |\n|---|---|---|---|---|---|---|\n| Consolidated Bala ASSETS Current assets Cash and cash equi Current investment Trade receivables Unbilled revenue Prepayments and ot Income tax assets Derivative financial Total current asse Non-current assets Property, plant and Right-of-use assets Goodwill Intangible assets Non-current invest Unbilled revenue Deferred income ta Income tax assets Other non-current a Total non-current Total assets LIABILITIES AN | nce Sheet as at valents s her current assets instruments ts equipment ments x assets ssets assets D EQUITY |  |  | (In ₹ cr Note March 3 2.1 2.2 2.17 2.4 2.12 2.3 2.7 2.8 2.9 2.2 2.17 2.12 2.12 2.4 | ore except equity sha 1, 2025 March 3 24,455 12,482 31,158 12,851 12,986 2,975 192 97,099 12,800 6,311 10,106 2,766 11,059 2,232 1,108 1,622 3,800 51,804 148,903 | re data) 1, 2024 14,786 12,915 30,193 12,768 12,289 6,397 84 89,432 12,818 6,552 7,303 1,397 11,708 1,780 454 3,045 3,325 48,382 137,814 |\n| Current liabilities Trade payables Lease liabilities Derivative financial Current income tax Unearned revenue Employee benefit o Provisions Other current liabili Total current liabi Non-current liabil Lease liabilities Deferred income ta Employee benefit o Other non-current li Total non-current Total liabilities Equity Share capital - ₹5 authorized, issued shares fully paid u March 31, 2025 (M Share premium Retained earnings Cash flow hedge re Other reserves | instruments liabilities bligations ties lities ities x liabilities bligations abilities liabilities par value 4,800,000,000 (4,800, and outstanding 4,143,607,528 ( p, net of 9,655,927 (10,916,829) arch 31, 2024) serves | 000,000) equity 4,139,950,635) treasury share | shares equity s as at | 2.8 2.3 2.12 2.6 2.5 2.8 2.12 2.5 2.18 | 4,164 2,455 63 4,853 8,492 2,908 1,475 18,440 42,850 5,772 1,722 99 2,257 9,850 52,700 2,073 2,180 80,096 (18) 8,298 | 3,956 1,959 31 3,585 7,341 2,622 1,796 17,504 38,794 6,400 1,794 89 2,276 10,559 49,353 2,071 1,550 69,674 6 12,104 |\n| Capital redemption Other components Total equity attrib Non-controlling int Total equity | reserve of equity utable to equity holders of the C erests | ompany |  |  | 169 3,020 95,818 385 96,203 | 169 2,542 88,116 345 88,461 |\n| Total liabilities an The accompanying As per our report o for Deloitte Haskin Chartered Account | d equity notes form an integral part of the c f even date attached s & Sells LLP ants | onsolidated fina for and on behal | ncial statements. f of the Board of Dire | ctors of Infosys Limited | 148,903 | 137,814 |\n| Firm’s Registration 117366W/ W-1000 Vikas Bagaria | No: 18 | Nandan M. Nile | kani | Salil Parekh | Bobby Parik | h |\n| Partner Membership No. 06 Bengaluru | 0408 | Chairman Jayesh Sanghraj | ka | Chief Executive Officer and Managing Director A.G.S. Manikantha | Director |  |\n| April 17, 2025 |  | Chief Financial | Officer | Company Secretary |  |  |\n|  |  |  | 1 |  |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 106, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "6ff71dceefa51e87", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 107\n\n| Infosys Limite Consolidated Stat Revenues Cost of sales Gross profit Operating expense | d and subsid ement of Com s | iaries prehensive Income | for the |  | Three Note 2.16 2.19 | (In ₹ crore months ended March 2025 40,925 28,575 12,350 | except equit 31, 2024 37,923 26,748 11,175 | y share Ye | and per equity shar ar ended March 31 2025 162,990 113,347 49,643 | e data) , 2024 153,670 107,413 46,257 |\n|---|---|---|---|---|---|---|---|---|---|---|\n| Selling and m Administrativ Total operating exp Operating profit Other income, net Finance cost Profit before inco Income tax expens Net profit Other comprehen Items that will not Remeasurement of Equity instruments Items that will be r | arketing expen e expenses enses me taxes e sive income be reclassified the net defined through other eclassified sub | ses subsequently to pro benefit liability/as comprehensive inco sequently to profit o | fit or loss set, net me, net r loss |  | 2.19 2.19 2.21 2.12 2.2 | 1,957 1,818 3,775 8,575 1,190 102 9,663 2,625 7,038 (145) 29 (116) | 1,735 1,819 3,554 7,621 2,729 110 10,240 2,265 7,975 26 (12) 14 |  | 7,588 7,631 15,219 34,424 3,600 416 37,608 10,858 26,750 (92) 19 (73) | 6,973 7,537 14,510 31,747 4,711 470 35,988 9,740 26,248 120 19 139 |\n| Fair value changes Exchange differenc Fair value changes Total other compr Total comprehens | on derivatives es on translati on investments ehensive inco ive income | designated as cash f on of foreign operat , net me/(loss), net of tax | low hedge ions | , net | 2.2 | (56) 384 63 391 275 | 28 (231) 37 (166) (152) |  | (24) 357 199 532 459 | 11 226 144 381 520 |\n| Profit attributable Owners of the Com Non-controlling int Total comprehens Owners of the Com Non-controlling int Earnings per equi Equity shares of pa Basic (₹) | to: pany erests ive income att pany erests ty share r value ₹5/- ea | ributable to: ch |  |  | 2.13 | 7,313 7,033 5 7,038 7,304 9 7,313 16.98 | 7,823 7,969 6 7,975 7,821 2 7,823 19.25 |  | 27,209 26,713 37 26,750 27,167 42 27,209 64.50 | 26,768 26,233 15 26,248 26,754 14 26,768 63.39 |\n| Diluted (₹) Weighted average Basic (in sh Diluted (in The accompanying As per our report o for Deloitte Haskin Chartered Account Firm’s Registration 117366W/ W-1000 Vikas Bagaria | equity shares ares) shares) notes form an f even date att s & Sells LLP ants No: 18 | used in computing integral part of the ached | earnings interim co | per equity share nsolidated financial sta for and on behalf of th Nandan M. Nilekani | 2.13 2.13 4,14 2.13 4,15 tements. e Board of Directors of Infos Salil | 16.94 2,429,577 4,139,4 1,537,321 4,145,0 ys Limited Parekh | 19.22 32,133 52,370 | 4,141, 4,152, | 64.34 611,738 4,138, 051,184 4,144, Bobby Pari | 63.29 568,090 680,425 kh |\n| Partner Membership No. 0 Bengaluru | 60408 |  |  | Chairman Jayesh Sanghrajka | Chie and A.G | f Executive Officer Managing Director .S. Manikantha |  |  | Director |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 107, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d4faa7d1f0e8fc78", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 108\n\n| Infosys Limited a | nd subsid | iaries |  |  |  |  |  |  |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| Consolidated Statem Balance as at April 1 Changes in equity fo Net profit Remeasurement of the Equity instruments thr Fair value changes on Exchange differences | ent of Chan , 2023 r the year en net defined ough other c derivatives d on translatio | ges in Equity ded March 31, 202 benefit liability/asse omprehensive incom esignated as Cash fl n of foreign operatio | 4 t, net* e, net* ow hedge, net* ns | Number of Shares(1) 4,136,387,925 - - - - - | Share capital 2,069 - - - - - | Share premium 1,065 - - - - - | Retained earnings 60,063 26,233 - - - - | Other reserves(2) 10,014 - - - - - | Capital redemption compon reserve 169 - - - - - | Other Ca ents of equity 2,032 - 120 19 - 227 | To sh flow attributable hedge hold reserve (5) - - - 11 - | (In ₹ cror tal equity to equity ers of the Company 75,407 26,233 120 19 11 227 | e except equity sha Non- controlling Tota interest 388 15 - - - (1) | re data) l equity 75,795 26,248 120 19 11 226 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 108, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "341d1733f48f711b", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 109\n\n| Infosys Limited and subsidiaries |\n|---|\n| (In ₹ crore except equity share data) Total equity Capital Other Cash flow Non- Number of Share Share Retained Other attributable to equity Consolidated Statement of Changes in Equity redemption components of hedge controlling Total equity Shares(1) capital premium earnings reserves(2) holders of the reserve equity reserve interest Company Balance as at April 1, 2024 4,139,950,635 2,071 1,550 69,674 12,104 169 2,542 6 88,116 345 88,461 Changes in equity for the year ended March 31, 2025 Net profit - - - 26,713 - - - - 26,713 37 26,750 Remeasurement of the net defined benefit liability/asset, net* - - - - - - (92) - (92) - (92 Equity instruments through other comprehensive income, net* - - - - - - 19 - 19 - 19 Fair value changes on derivatives designated as cash flow hedge, net* - - - - - - - (24) (24) - (24 Exchange differences on translation of foreign operations - - - - - - 352 - 352 5 357 Fair value changes on investments, net* - - - - - - 199 - 199 - 199 |\n| Total comprehensive income for the period - - - 26,713 - - 478 (24) 27,167 42 27,209 Shares issued on exercise of employee stock options (Refer to note 2.11) 3,656,893 2 4 - - - - - 6 - 6 Employee stock compensation expense (Refer to note 2.11) - - 785 - - - - - 785 - 785 Income tax benefit arising on exercise of stock options (Refer to note 2.12) - - 39 - - - - - 39 - 39 Transferred on account of options not exercised - - (198) 198 - - - - - - Transferred to other reserves - - - (74) 74 - - - - - Transferred from other reserves on utilization - - - 881 (881) - - - - - Transferred from other reserves to retained earnings - - - 2,999 (2,999) - - - - - Dividends paid to non controlling interest of subsidiary - - - - - - - - - (2) (2 Dividends# - - - (20,295) - - - - (20,295) - (20,295 Balance as at March 31, 2025 4,143,607,528 2,073 2,180 80,096 8,298 169 3,020 (18) 95,818 385 96,203 * net of tax # net of treasury shares (1) excludes treasury shares of 9,655,927 as at March 31, 2025, 10,916,829 as at April 1, 2024 and 12,172,119 as at April 1, 2023 held by consolidated trust. (2)RepresentstheSpecialEconomicZoneRe-investmentreservecreatedoutoftheprofitoftheeligibleSEZunitintermsoftheprovisionsofSec10AA(1)(ii)ofIncomeTaxAct,1961.ThereserveshouldbeutilizedbytheGroupforacquiring |\n| new plant and machinery for the purpose of its business in terms of the provisions of the Sec 10AA(2) of the Income Tax Act, 1961. The accompanying notes form an integral part of the consolidated financial statements. As per our report of even date attached for and on behalf of the Board of Directors of Infosys Limited for Deloitte Haskins & Sells LLP |\n| Chartered Accountants Firm’s Registration No: 117366W/ W-100018 Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer |\n| Director Membership No. 060408 and Managing Director Bengaluru Jayesh Sanghrajka A.G.S. Manikantha April 17, 2025 Chief Financial Officer Company Secretary |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 109, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ca9d00e90a52f277", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 110\n\n| Consolidated Statement of Cash Flows Accounting Policy Cashflowsarereportedusingtheindirectmethod,wherebyprofitfortheperiodisadjustedfortheeffectsoftransactionsofanon-cashnature, anydeferralsoraccrualsofpastorfutureoperatingcashreceiptsorpaymentsanditemofincome orexpensesassociatedwith investingor |\n|---|\n| financingcashflows.Thecashflowsfromoperating,investingandfinancingactivitiesoftheGrouparesegregated.TheGroupconsidersall highly liquid investments that are readily convertible to known amounts of cash to be cash equivalents. (In ₹ crore) Year ended March 31, Particulars Note 2025 2024 Operating activities Net Profit 26,750 26,248 |\n| Adjustments to reconcile net profit to net cash provided by operating activities Depreciation and amortization 4,812 4,678 Income tax expense 2.12 10,858 9,740 Finance cost 416 470 Interest and dividend income (1,168) (1,138) Exchange differences on translation of assets and liabilities, net 79 76 Impairment loss recognized/(reversed) under expected credit loss model 48 121 Stock compensation expense 802 652 Provision for post sale client support (110) 75 Interest receivable on income tax refund (327) (1,934) Other adjustments 833 1,471 Changes in working capital Trade receivables and unbilled revenue (1,769) (2,667) Prepayments and other assets (1,334) (1,252) |\n| Trade payables 176 91 Unearned revenue 1,145 178 Other liabilities and provisions 1,177 (1,512) Cash generated from operations 42,388 35,297 Income taxes paid (5,602) (9,231) Net cash generated by operating activities 36,786 26,066 Investing activities Expenditure on property, plant and equipment and intangibles (2,237) (2,201) |\n| Deposits placed with corporation (1,225) (847) |\n| Redemption of deposits placed with corporation 776 710 Interest and dividend received 948 912 Payment for acquisition of business, net of cash acquired 2 . 1 0 ( 3 , 1 5 5 ) - Payment of contingent consideration pertaining to acquisition of business - (101) Payments to acquire Investments - Quoted debt securities (3,242) (1,526) - Liquid mutual fund units (73,048) (66,191) - Certificates of deposit (6,978) (8,509) - Commercial paper (6,403) (10,387) |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 110, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "7a3447f98d843381", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 111\n\n| Payment of lease Payment of divid | liabilities ends |  |  |  |  |  | (2,355) (20,287) | (2,024) (14,692) |\n|---|---|---|---|---|---|---|---|---|\n| Loan repayment Payment of divid Payment towards Other payments Shares issued on | of in-tech Holding Gmb ends to non-controlling purchase of non-contro exercise of employee st | H (R inter lling ock o | efer ests inte ptio | to note 2.10) of subsidiary rest ns |  |  | (985) - (2) (538) 6 | - (39) (18) (736) 5 |\n| Net cash used in Net increase/(de Effect of exchan Cash and cash eq Cash and cash e Supplementary | financing activities crease) in cash and cash ge rate changes on cash uivalents at the beginni quivalents at the end o information: | equi and c ng of f the | vale ash the per | nts equivalents period iod |  | 2.1 2.1 | (24,161) 9,587 82 14,786 24,455 | (17,504) 2,697 (84) 12,173 14,786 |\n| Restricted cash b The accompanyi | alance ng notes form an integra | l pa | rt of | the interim consolidated financi | al statements. | 2.1 | 424 | 348 |\n| As per our repor for Deloitte Has Chartered Accou | t of even date attached kins & Sells LLP ntants |  | for a | nd on behalf of the Board of Dir | ectors of Infosys Li | mited |  |  |\n| Firm’s Registrati 117366W/ W-10 Vikas Bagaria Partner | on No: 0018 |  | Nan Cha | dan M. Nilekani irman | Salil Parekh Chief Executive Offi | cer | Bobby P Director | arikh |\n| Membership No. Bengaluru | 060408 |  | Jaye | sh Sanghrajka | and Managing Dire A.G.S. Manikantha | ctor |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 111, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "7e85b95eb251e3f8", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 112\n\n| INFOSYS LIMITED AND SUBSIDIARIES |\n|---|\n| Overview and Notes to the Interim Consolidated Financial Statements |\n| 1. Overview |\n| 1.1 Company overview InfosysLimited('theCompany'orInfosys)providesconsulting,technology,outsourcingandnext-generationdigitalservices,toenableclientstoexecutestrategiesfortheirdigital |\n| transformation.Infosysstrategicobjectiveistobuildasustainableorganizationthatremainsrelevanttotheagendaofclients,whilecreatinggrowthopportunitiesforemployeesand generating profitable returns for investors. Infosys strategy is to be a navigator for our clients as they ideate, plan and execute on their journey to a digital future. |\n| Infosys together with its subsidiaries and controlled trusts is herein after referred to as the \"Group\". TheCompanyisapubliclimitedcompanyincorporatedanddomiciledinIndiaandhasitsregisteredofficeatElectronicsCity,HosurRoad,Bengaluru-560100,Karnataka,India.The |\n| CompanyhasitsprimarylistingsontheBSELtd.andNationalStockExchangeofIndiaLimited.TheCompany’sAmericanDepositaryShares(ADS)representingequitysharesare listed on the New York Stock Exchange (NYSE). |\n| The Group's interim consolidated financial statements are approved for issue by the Company's Board of Directors on April 17, 2025. |\n| 1.2 Basis of preparation of financial statements TheseconsolidatedfinancialstatementsarepreparedincompliancewithIAS34,InterimFinancialReportingasissuedbyInternationalAccountingStandardsBoard,underthehistorical costconventiononaccrualbasisexceptforcertainfinancialinstrumentswhicharemeasuredatfairvalues,definedbenefitliability/(asset)whichisrecognizedatthepresentvalueof |\n| definedbenefitobligationlessfairvalueofplanassets..Accountingpoliciesareconsistentlyappliedexceptwhereanewlyissuedaccountingstandardisinitiallyadoptedorarevisionto an existing accounting standard requires a change in the accounting policy hitherto in use. |\n| The material accounting policy information used in preparation of the audited interim consolidated financial statements have been discussed in the respective notes. Asthequarterandyear-endfiguresaretakenfromthesourceandroundedtothenearestdigits,thequarterfiguresinthisstatementaddeduptothefiguresreportedfortheprevious |\n| quarters might not always add up to the year-end figures reported in this statement. |\n| 1.3 Basis of consolidation Infosysconsolidatesentitieswhichitownsorcontrols.TheinterimconsolidatedfinancialstatementscomprisethefinancialstatementsoftheCompany,itscontrolledtrustsandits subsidiaries.Controlexistswhentheparenthaspowerovertheentity,isexposed,orhasrightstovariablereturnsfromitsinvolvementwiththeentityandhastheabilitytoaffectthose |\n| returnsbyusingitspowerovertheentity.Powerisdemonstratedthroughexistingrightsthatgivetheabilitytodirectrelevantactivities,thosewhichsignificantlyaffecttheentity's returns. Subsidiaries are consolidated from the date control commences until the date control ceases. ThefinancialstatementsoftheGroupCompaniesareconsolidatedonaline-by-linebasisandintra-groupbalancesandtransactionsincludingunrealizedgain/lossfromsuchtransactions |\n| areeliminateduponconsolidation.ThesefinancialstatementsarepreparedbyapplyinguniformaccountingpoliciesinuseattheGroup.Non-controllinginterestswhichrepresentpartof the net profit or loss and net assets of subsidiaries that are not, directly or indirectly, owned or controlled by the Company, are excluded. |\n| Refer to Note 2.14 for the list of subsidiaries and controlled trusts of the Company. |\n| 1.4 Use of estimates and judgments ThepreparationoftheinterimconsolidatedfinancialstatementsinconformitywithIFRSrequiresmanagementtomakeestimates,judgmentsandassumptions.Theseestimates,judgments andassumptionsaffecttheapplicationofaccountingpoliciesandthereportedamountsofassetsandliabilities,thedisclosuresofcontingentassetsandliabilitiesatthedateoftheinterim consolidatedfinancialstatementsandreportedamountsofrevenuesandexpensesduringtheperiod.Applicationofaccountingpoliciesthatrequirecriticalaccountingestimatesinvolving complexandsubjectivejudgmentsandtheuseofassumptionsinthesefinancialstatementshavebeendisclosedinNote1.5.Accountingestimatescouldchangefromperiodtoperiod. |\n| Actualresultscoulddifferfromthoseestimates.Appropriatechangesinestimatesaremadeasmanagementbecomesawareofchangesincircumstancessurroundingtheestimates. Changesinestimatesandjudgmentsarereflectedinthefinancialstatementsintheperiodinwhichchangesaremadeand,ifmaterial,theireffectsaredisclosedinthenotestotheinterim consolidated financial statements. |\n| 1.5 Critical accounting estimates and judgments |\n| a. Revenue recognition TheGroup’scontractswithcustomersincludepromisestotransfermultipleproductsandservicestoacustomer.Revenuesfromcustomercontractsareconsideredforrecognitionand measurementwhenthecontracthasbeenapproved,inwriting,bythepartiestothecontract,thepartiestothecontractarecommittedtoperformtheirrespectiveobligationsunderthe contract,andthecontractislegallyenforceable.TheGroupassessestheservicespromisedinacontractandidentifiesdistinctperformanceobligationsinthecontract.Identificationof |\n| distinctperformanceobligationstodeterminethedeliverablesandtheabilityofthecustomertobenefitindependentlyfromsuchdeliverables,andallocationoftransactionpricetothese distinct performance obligations involves significant judgement. Fixedpricemaintenancerevenueisrecognizedratablyonastraight-linebasiswhenservicesareperformedthroughanindefinitenumberofrepetitiveactsoveraspecifiedperiod. Revenuefromafixedpricemaintenancecontractisrecognizedratablyusingapercentageofcompletionmethodwhenthepatternofbenefitsfromtheservicesrenderedtothecustomer |\n| andtheGroup’scoststofulfilthecontractisnoteventhroughtheperiodofthecontractbecausetheservicesaregenerallydiscreteinnatureandnotrepetitive.Theuseofmethodto recognize the maintenance revenues requires judgment and is based on the promises in the contract and nature of the deliverables. TheGroupusesthepercentage-of-completionmethodinaccountingforotherfixed-pricecontracts.Useofthepercentage-of-completionmethodrequirestheGrouptodeterminethe actualeffortsorcostsexpendedtodateasaproportionoftheestimatedtotaleffortsorcoststobeincurred.Effortsorcostsexpendedhavebeenusedtomeasureprogresstowards |\n| completionasthereisadirectrelationshipbetweeninputandproductivity.Theestimationoftotaleffortsorcostsinvolvessignificantjudgementandisassessedthroughouttheperiodof the contract to reflect any changes based on the latest available information. Contractswithcustomersincludessubcontractorservicesorthird-partyvendorequipmentorsoftwareincertainintegratedservicesarrangements.Inthesetypesofarrangements,revenue fromsalesofthird-partyvendorproductsorservicesisrecordednetofcostswhentheGroupisactingasanagentbetweenthecustomerandthevendor,andgrosswhentheGroupisthe principalforthetransaction.Indoingso,theGroupfirstevaluateswhetheritobtainscontrolofthespecifiedgoodsorservicesbeforetheyaretransferredtothecustomer.TheGroup |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 112, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d7d75d6418dad51e", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 113\n\n| b. Income taxes |\n|---|\n| The Group's two major tax jurisdictions are India and the United States, though the Company also files tax returns in other overseas jurisdictions. |\n| Significant judgments are involved in determining the provision for income taxes, including amount expected to be paid/recovered for uncertain tax positions. Inassessingtherealizabilityofdeferredincometaxassets,theManagementconsiderswhethersomeportionorallofthedeferredincometaxassetswillnotberealized.Theultimate realizationofdeferredincometaxassetsisdependentuponthegenerationoffuturetaxableincomeduringtheperiodsinwhichthetemporarydifferencesbecomedeductible.Management considersthescheduledreversalsofdeferredincometaxliabilities,projectedfuturetaxableincomeandtaxplanningstrategiesinmakingthisassessment.Basedonthelevelofhistorical |\n| taxableincomeandprojectionsforfuturetaxableincomeovertheperiodsinwhichthedeferredincometaxassetsaredeductible,theManagementbelievesthatthegroupwillrealizethe benefitsofthosedeductibledifferences.Theamountofthedeferredincometaxassetsconsideredrealizable,however,couldbereducedintheneartermifestimatesoffuturetaxable income during the carry forward period are reduced. (Refer to Note 2.12) |\n| c. Business combinations and intangible assets BusinesscombinationsareaccountedforusingIFRS3(Revised),BusinessCombinations.IFRS3requiresustofairvalueidentifiableintangibleassetsandcontingentconsiderationto ascertainthenetfairvalueofidentifiableassets,liabilitiesandcontingentliabilitiesoftheacquiree.Thesevaluationsareconductedbyexternalvaluationexperts.Estimatesarerequired |\n| tobemadeindeterminingthevalueofcontingentconsideration,valueofoptionarrangementsandintangibleassets. Thesemeasurementsarebasedoninformationavailableatthe acquisition date and are based on expectations and assumptions that have been deemed reasonable by Management. (Refer to Note 2.10 and 2.9.2). |\n| d. Property, plant and equipment Property,plantandequipmentrepresentasignificantproportionoftheassetbaseoftheGroup.Thechargeinrespectofperiodicdepreciationisderivedafterdetermininganestimateof anasset’sexpectedusefullifeandtheexpectedresidualvalueattheendofitslife.TheusefullivesandresidualvaluesofGroup'sassetsaredeterminedbyManagementatthetimethe |\n| assetisacquiredandreviewedperiodically,includingateachfinancialyearend.Thelivesarebasedonhistoricalexperiencewithsimilarassetsaswellasanticipationoffutureevents, which may impact their life, such as changes in technology. (Refer to Note 2.7). |\n| e. Impairment of Goodwill Goodwillistestedforimpairmentonanannualbasisandwheneverthereisanindicationthattherecoverableamountofacashgeneratingunit(CGUs)islessthanitscarryingamount. Fortheimpairmenttest,goodwillisallocatedtotheCGUorgroupsofCGUswhichbenefitfromthesynergiesoftheacquisitionandwhichrepresentthelowestlevelatwhichgoodwillis |\n| monitored for internal management purposes. TherecoverableamountofCGUsisdeterminedbasedonhigherofvalue-in-useandfairvaluelesscosttosell. Keyassumptionsinthecashflowprojectionsarepreparedbasedon |\n| current economic conditions and comprises estimated long term growth rates, weighted average cost of capital and estimated operating margins. (Refer to note 2.9.1) |\n| 1.6 Recent accounting pronouncements New and revised IFRS Standards in issue but not yet effective: Amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates Lack of Exchangeability |\n| IFRS 18 Presentation and Disclosures in Financial Statements Presentation and Disclosures in Financial Statements Amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures Amendments to the Classification and Measurement of Financial Instruments Amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures Contracts Referencing Nature-dependent Electricity |\n| Amendments to IAS 21 OnAugust15,2023,IASBhasissuedamendmentstoIAS21TheEffectsofChangesinForeignExchangeRates,LackofExchangeabilitythatwillrequirecompaniestoprovidemore |\n| usefulinformationintheirfinancialstatementswhenacurrencycannotbeexchangedintoanothercurrency.Theseamendmentsspecifywhenacurrencyisexchangeableintoanother currency and when it is not and specify how an entity determines the exchange rate to apply when a currency is not exchangeable. TheeffectivedateforadoptionofthisamendmentisannualperiodsbeginningonorafterJanuary1,2025,althoughearlyadoptionispermitted.TheGrouphasevaluatedtheamendment |\n| and the impact is not expected to be material on its consolidated financial statements. |\n| IFRS 18 – Presentation and Disclosures in Financial Statements OnApril9,2024,IASBhasissuedIFRS18–PresentationandDisclosuresinFinancialStatementsthatwillreplaceIAS1PresentationofFinancialStatementsfromitseffectivedate. IFRS18introducesnewrequirementsforinformationpresentedintheprimaryfinancialstatementsanddisclosedinthenotes.Thenewrequirementsarefocusedonthestatementofprofit |\n| orloss.IFRS18introducesthreecategoriesforincomeandexpenses,thatis,operating,investingandfinancingtoimprovethestructureoftheincomestatement.IFRS18iseffectivefor annual reporting periods beginning on or after 1 January 2027, although early adoption is permitted. The Group is yet to evaluate the impact of the amendment. |\n| Amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures OnMay30,2024,IASBhasissuedamendmentstoIFRS9FinancialInstrumentsandIFRS7FinancialInstruments:Disclosures,whichclarifiestheclassificationoffinancialassetswith environmental,socialandcorporategovernance(ESG)andsimilarfeatures,derecognitionoffinancialliabilitysettledthroughelectronicpaymentsystemsandalsointroducesadditional |\n| disclosurerequirementstoenhancetransparencyforinvestorsregardinginvestmentsinequityinstrumentsdesignatedatfairvaluethroughothercomprehensiveincomeandfinancial instruments with contingent features. TheeffectivedateforadoptionoftheseamendmentsisannualreportingperiodsbeginningonorafterJanuary1,2026,althoughearlyadoptionispermitted.TheGroupisyettoevaluate |\n| the impact of these amendments. OnDecember18,2024,IASBhasissuedamendmentstoIFRS9FinancialInstrumentsandIFRS7FinancialInstruments:Disclosures,relatingtofactorsanentityisrequiredtoconsider |\n| inassessingtheown-userequirementsforcontractstobuyandtakedeliveryofnature-dependentrenewableelectricity;hedgeaccountingtreatmentfornature-dependentrenewable electricity and related disclosures. TheeffectivedateforadoptionoftheseamendmentsisannualreportingperiodsbeginningonorafterJanuary1,2026,althoughearlyadoptionispermitted.TheGrouphasevaluatedthe |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 113, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "f141a4a62446dbff", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 114\n\n| 2. Notes to the Interim Consolidated Financial Statements |\n|---|\n| 2.1 Cash and cash equivalents |\n| Cash and cash equivalents consist of the following: |\n| (In ₹ crore) As at Particulars |\n| March 31, 2025 March 31, 2024 Cash and bank deposits 24,455 14,786 |\n| Total Cash and cash equivalents 24,455 14,786 |\n| CashandcashequivalentsasatMarch31,2025andMarch31,2024includerestrictedcashandbankbalancesof₹424croreand₹348crore,respectively.The |\n| restrictions are primarily on account of bank balances held by irrevocable trusts controlled by the Company. |\n| Thedeposits maintained bytheGroup with banks and financialinstitutions compriseof timedeposits, which can bewithdrawn bythe Group at anypoint |\n| without prior notice or penalty on the principal. |\n| 2.2 Investments |\n| The carrying value of the investments are as follows: |\n| (In ₹ crore) |\n| Particulars As at |\n| March 31, 2025 March 31, 2024 |\n| (i) Current Investments |\n| Amortized Cost |\n| Quoted debt securities 169 - |\n| Fair Value through other comprehensive income |\n| Quoted debt securities 3,211 2,427 |\n| Commercial papers 3,641 4,830 |\n| Certificate of deposit 3,504 3,043 |\n| Fair Value through profit or loss |\n| Liquid mutual fund units 1,957 2,615 |\n| Total current investments 12,482 12,915 |\n| (ii) Non-current Investments |\n| Amortized Cost |\n| Quoted debt securities 1,481 1,759 |\n| Fair Value through other comprehensive income |\n| Quoted debt securities 8,666 9,114 |\n| Quoted equity securities 57 113 |\n| Unquoted equity and preference securities 169 93 |\n| Fair Value through profit or loss |\n| Target maturity fund units 465 431 |\n| Unquoted equity and preference securities 25 - |\n| Others(1) 196 198 |\n| Total non-current investments 11,059 11,708 |\n| Total investments 23,541 24,623 |\n| Investments carried at amortized cost 1,650 1,759 |\n| Investments carried at fair value through other comprehensive income 19,248 19,620 |\n| Investments carried at fair value through profit or loss 2,643 3,244 (1) |\n| Uncalled capital commitments outstanding as at March 31, 2025 and March 31, 2024 was ₹122 crore and ₹79 crore, respectively. Refer to note 2.3 for accounting policies on financial instruments. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 114, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "1294f3cb04dd400f", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 115\n\n| Details of amou | nts recorde | d in Othe | r compre | hensive income | : |  |  |  |  |  | (In ₹ | crore) |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|\n|  |  |  |  | Yea | r ended | March | 31, 202 | 5 |  | Year ended Marc | h 31, 2024 |  |\n|  |  |  |  | Gros | s | T | ax |  | Net | Gross | Tax | Ne |\n| Net Gain/(loss) | on |  |  |  |  |  |  |  |  |  |  |  |\n| Quoted debt sec | urities |  |  | 21 | 6 | ( | 21) | 1 | 95 | 160 | (15) | 145 |\n| Commercial pap | ers |  |  |  | 3 |  | (1) |  | 2 | - | - | - |\n| Certificates of d | eposit |  |  |  | 3 |  | (1) |  | 2 | (1) | - | (1 |\n| Equity and prefe | rence securi | ties |  | 2 | 0 |  | (1) |  | 1 9 | 10 | 9 | 19 |\n| Method of fair | valuation: |  |  |  |  |  |  |  |  |  |  |  |\n|  |  |  |  |  |  |  |  |  |  |  | (In ₹ | crore) |\n| Class of invest | ment |  |  | Method |  |  |  |  |  | Fair | value as at |  |\n| Liquid mutual f through profit o Target maturity value through pr Quoted debt sec cost Quoted debt sec through other co | und units - ca r loss fund units - ofit or loss urities- carri urities- carri mprehensive | rried at f carried at ed at amo ed at fair income | air value fair rtized value | Quoted price Quoted price Quoted price an Quoted price an | d mark d mark | et observ et observ | able inp able inp | uts uts |  | March 31, 1 1 1 1 | 2025 March 3 ,957 4 65 ,812 ,877 | 1, 202 2 ,615 4 31 1 ,973 11,541 |\n| Commercial pap through other co Certificates of d through other co Quoted equity s through other co Unquoted equity carried at fair va Unquoted equity carried at fair va comprehensive i | ers- carried mprehensive eposit- carrie mprehensive ecurities car mprehensive and prefere lue through and prefere lue through ncome | at fair val income d at fair v income ried at fai income nce securi profit or l nce securi other | ue alue r value ties - oss ties - | Market observa Market observa Quoted price Discounted cas method, option Discounted cas method, option | ble inpu ble inpu h flows pricing h flows pricing | ts ts method, model method, model | Market Market | multiples multiples |  | 3 3 | ,641 ,504 5 7 2 5 1 69 | 4 ,830 3 ,043 1 13 - 9 3 |\n| Others - carried loss Total | at fair value | through p | rofit or | Discounted cas method, option | h flows pricing | method, model | Market | multiples |  | 2 3 | 1 96 ,703 | 1 98 24,837 |\n| Note: Certain q | uoted invest | ments are | classified | as Level 2 in th | e absenc | e of acti | ve mark | et for suc | h investmen | ts. |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 115, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "452ba84bb03d6956", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 116\n\n| 2.3 Financial instruments |\n|---|\n| Accounting Policy 2.3.1 Initial recognition TheGrouprecognizesfinancialassetsandfinancialliabilitieswhenitbecomesapartytothecontractualprovisionsoftheinstrument.Allfinancialassetsandliabilitiesarerecognizedatfair |\n| valueoninitialrecognition,exceptfortradereceivableswhichareinitiallymeasuredattransactionprice.Transactioncoststhataredirectlyattributabletotheacquisitionorissueoffinancial assetsandfinancialliabilitieswhicharenotatfairvaluethroughprofitorloss,areaddedtothefairvalueoninitialrecognition.Regularwaypurchaseandsaleoffinancialassetsare accounted for at trade date. |\n| 2.3.2 Subsequent measurement |\n| a. Non-derivative financial instruments |\n| (i) Financial assets carried at amortized cost Afinancialassetissubsequentlymeasuredatamortizedcostifitisheldwithinabusinessmodelwhoseobjectiveistoholdtheassetinordertocollectcontractualcashflowsandthe |\n| contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. |\n| (ii) Financial assets carried at fair value through other comprehensive income (FVOCI) Afinancialassetissubsequentlymeasuredatfairvaluethroughothercomprehensiveincomeifitisheldwithinabusinessmodelwhoseobjectiveisachievedbybothcollectingcontractual cashflowsandsellingfinancialassetsandthecontractualtermsofthefinancialassetgiveriseonspecifieddatestocashflowsthataresolelypaymentsofprincipalandinterestonthe |\n| principalamountoutstanding. TheGrouphasmadeanirrevocableelectionforcertaininvestmentswhichareclassifiedasequityinstrumentstopresentthesubsequentchangesinfairvalue in other comprehensive income based on its business model. |\n| (iii) Financial assets carried at fair value through profit or loss (FVTPL) |\n| A financial asset which is not classified in any of the above categories is subsequently fair valued through profit or loss. |\n| (iv) Financial liabilities Financialliabilitiesaresubsequentlycarriedatamortizedcostusingtheeffectiveinterestmethod,exceptforcontingentconsiderationandfinancialliabilityunderoptionarrangements |\n| recognized in a business combination which are subsequently measured at fair value through profit or loss. |\n| b. Derivative financial instruments TheGroupholdsderivativefinancialinstrumentssuchasforeignexchangeforwardandoptioncontractstomitigatetheriskofchangesinexchangeratesonforeigncurrencyexposures.The |\n| counterparty for such contracts is generally a bank. |\n| (i) Financial assets or financial liabilities, carried at fair value through profit or loss |\n| This category includes derivative financial assets or liabilities which are not designated as hedges. AlthoughtheGroupbelievesthatthesederivativesconstitutehedgesfromaneconomicperspective,theymaynotqualifyforhedgeaccountingunderIFRS9,FinancialInstruments.Any |\n| derivative that is either not designated as hedge, or is so designated but is ineffective as per IFRS 9, is categorized as a financial asset or financial liability, at fair value through profit or loss. Derivativesnotdesignatedashedgesarerecognizedinitiallyatfairvalueandattributabletransactioncostsarerecognizedinnetprofitintheconsolidatedstatementofcomprehensive incomewhenincurred.Subsequenttoinitialrecognition,thesederivativesaremeasuredatfairvaluethroughprofitorlossandtheresultingexchangegainsorlossesareincludedinother |\n| income.Assets/liabilitiesinthiscategoryarepresentedascurrentassets/currentliabilitiesiftheyareeitherheldfortradingorareexpectedtoberealizedwithin12monthsaftertheBalance Sheet date. |\n| (ii) Cash flow hedge Primarily,theGroupdesignatescertainforeignexchangeforwardandoptionscontractsascashflowhedgestomitigatetheriskofforeignexchangeexposureonhighlyprobableforecast |\n| cash transactions. Whenaderivativeisdesignatedasacashflowhedginginstrument,theeffectiveportionofchangesinthefairvalueofthederivativeisrecognizedinothercomprehensiveincomeand accumulatedinthecashflowhedgingreserve.Anyineffectiveportionofchangesinthefairvalueofthederivativeisrecognizedimmediatelyinthenetprofitintheinterimconsolidated statementofcomprehensiveincome.Ifthehedginginstrumentnolongermeetsthecriteriaforhedgeaccounting,thenhedgeaccountingisdiscontinuedprospectively.Ifthehedging instrumentexpiresorissold,terminatedorexercised,thecumulativegainorlossonthehedginginstrumentrecognizedincashflowhedgingreservetilltheperiodthehedgewaseffective |\n| remainsincashflowhedgingreserveuntiltheforecastedtransactionoccurs.Thecumulativegainorlosspreviouslyrecognizedinthecashflowhedgingreserveistransferredtothenetprofit intheconsolidatedstatementofcomprehensiveincomeupontheoccurrenceoftherelatedforecastedtransaction.Iftheforecastedtransactionisnolongerexpectedtooccur,thentheamount accumulated in cash flow hedging reserve is reclassified to net profit in the consolidated statement of comprehensive income. |\n| 2.3.3 Derecognition of financial instruments TheGroupderecognizesafinancialassetwhenthecontractualrightstothecashflowsfromthefinancialassetexpireorittransfersthefinancialassetandthetransferqualifiesfor |\n| derecognitionunderIFRS9.Afinancialliability(orapartofafinancialliability)isderecognizedfromtheGroup'sBalanceSheetwhentheobligationspecifiedinthecontractisdischarged or cancelled or expires. |\n| 2.3.4 Fair value of financial instruments Indeterminingthefairvalueofitsfinancialinstruments,theGroupusesavarietyofmethodsandassumptionsthatarebasedonmarketconditionsandrisksexistingateachreportingdate. Themethodsusedtodeterminefairvalueincludediscountedcashflowanalysis,availablequotedmarketprices,optionpricingmodel,marketmultiples, anddealerquotes.Allmethodsof |\n| assessing fair value result in general approximation of value, and such value may never actually be realized. Refertotable'Financialinstrumentsbycategory'belowforthedisclosureoncarryingvalueandfairvalueoffinancialassetsandliabilities.Forfinancialassetsandliabilitiesmaturingwithin |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 116, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "b003edd8276f7255", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 117\n\n| 2.3.5 Impairment TheGrouprecognizeslossallowancesusingtheexpectedcreditloss(ECL)modelforthefinancialassetsandunbilledrevenuewhicharenotfairvaluedthroughprofitorloss.Loss allowancefortradereceivablesandunbilledrevenueswithnosignificantfinancingcomponentismeasuredatanamountequaltolifetimeECL.Forallotherfinancialassets,expectedcredit |\n|---|\n| lossesaremeasuredatanamountequaltothe12-monthECL,unlesstherehasbeenasignificantincreaseincreditriskfrominitialrecognitioninwhichcasethosearemeasuredatlifetime ECL. TheGroupdeterminestheallowanceforcreditlossesbasedonhistoricallossexperienceadjustedtoreflectcurrentandestimatedfutureeconomicconditions.TheGroupconsiderscurrent |\n| and anticipated future economic conditions relating to industries the Group deals with and the countries where it operates. TheamountofECL(orreversal)thatisrequiredtoadjustthelossallowanceatthereportingdatetotheamountthatisrequiredtoberecordedisrecognizedasanimpairmentlossorgainin |\n| the interim consolidated statement of comprehensive income. |\n| Financial instruments by category The carrying value and fair value of financial instruments by categories as at March 31, 2025 are as follows: (In ₹ crore) Financial assets / liabilities at Financial assets / liabilities at fair value through profit or fair value through OCI loss Particulars Amortized Equity Total carrying Total fair value cost Designated instruments value upon initial Mandatory designated upon Mandatory recognition initial recognition Assets: Cash and cash equivalents (Refer to note 2.1) 24,455 - - - - 24,455 24,455 Investments (Refer to note 2.2) Liquid mutual fund units - - 1,957 - - 1,957 1,957 Target maturity fund units - - 465 - - 465 465 Quoted debt securities 1,650 - - - 11,877 13,527 13,689 Commercial Papers - - - - 3,641 3,641 3,641 Certificates of deposit - - - - 3,504 3,504 3,504 Quoted equity securities - - - 57 - 57 57 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 117, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ab00b2e02fe9c6de", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 118\n\n| Investments (Refer to note 2.2) Liquid mutual fund units - - 2,615 - - 2,615 2,615 Target maturity fund units - - 431 - - 431 431 Quoted debt securities 1,759 - - - 11,541 13,300 13,514 Commercial papers - - - - 4,830 4,830 4,830 Certificates of deposit - - - - 3,043 3,043 3,043 Quoted equity securities - - - 113 - 113 113 Unquoted equity and preference securities - - - 93 - 93 93 Unquoted investments others - - 198 - - 198 198 Trade receivables 30,193 - - - - 30,193 30,193 Unbilled revenue (Refer to note 2.17)(3) 9,600 - - - - 9,600 9,600 Prepayments and other assets (Refer to note 2.4) 5,788 - - - - 5,788 5,704 Derivative financial instruments - - 61 - 23 84 84 Total 62,126 - 3,305 206 19,437 85,074 85,204 Liabilities: Trade payables 3,956 - - - - 3,956 3,956 Lease liabilities (Refer to note 2.8) 8,359 - - - - 8,359 8,359 Derivative financial instruments - - 30 - 1 31 31 Financial liability under option arrangements (Refer - - 597 - - 597 597 to note 2.5) Other liabilities including contingent consideration |\n|---|\n| 15,750 - - - - 15,750 15,750 (Refer to note 2.5) Total 28,065 - 627 - 1 28,693 28,693 (1) On account of fair value changes including interest accrued (2) Excludes interest accrued on quoted debt securities carried at amortized cost of ₹84 crore. (3) Excludes unbilled revenue for contracts where the right to consideration is dependent on completion of contractual milestones Fortradereceivables,tradepayablesandotherassetsandpayablesmaturingwithinoneyearfromthebalancesheetdate,thecarryingamountsapproximatefairvalueduetotheshort |\n| maturity of these instruments. |\n| Fair value hierarchy Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices). |\n| Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs). The fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as at March 31, 2025 is as follows: (In ₹ crore) As at Fair value measurement at end of the reporting period using Particulars March 31, 2025 Level 1 Level 2 Level 3 Assets Investments (Refer to note 2.2) Investments in liquid mutual fund units 1,957 1,957 - - Investments in target maturity fund units 465 465 - - Investments in quoted debt securities 13,689 13,099 590 - Investments in certificates of deposit 3,504 - 3,504 - Investments in commercial papers 3,641 - 3,641 - |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 118, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "c4a296a73a4cc8af", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 119\n\n| and quoted debt securities of ₹554 crore were transferred from Level 1 to Level 2 of fair value hierarchy, since these were valued based on market observable inputs. The fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as at March 31, 2024 was as follows: (In ₹ crore) As at Fair value measurement at end of the reporting period using Particulars March 31, 2024 Level 1 Level 2 Level 3 Assets Investments (Refer to note 2.2) Investments in liquid mutual fund units 2,615 2,615 - - Investments in target maturity fund units 431 431 - - Investments in quoted debt securities 13,514 13,184 330 - Investments in unquoted equity and preference securities 93 - - 93 |\n|---|\n| Investments in quoted equity securities 113 113 - - Investments in certificates of deposit 3,043 - 3,043 - Investments in commercial papers 4,830 - 4,830 - Investments in unquoted investments others 198 - - 198 Others Derivative financial instruments- gain 84 - 84 - Liabilities Derivative financial instruments- loss 31 - 31 - Financial liability under option arrangements (Refer to note 2.5)(1) 597 - - 597 (1)Discount rate ranges from 9% to 15% DuringtheyearendedMarch31,2024,quoteddebtsecuritiesof₹2,143croreweretransferredfromLevel2toLevel1offairvaluehierarchy,sincethesewerevaluedbasedonquotedprice and quoted debt securities of ₹73 crore were transferred from Level 1 to Level 2 of fair value hierarchy, since these were valued based on market observable inputs. |\n| A one percentage point change in the unobservable inputs used in fair valuation of Level 3 assets and liabilities does not have a significant impact in its value. MajorityofinvestmentsoftheGrouparefairvaluedbasedonLevel1orLevel2inputs.Theseinvestmentsprimarilyincludeinvestmentinliquidmutualfundunits,targetmaturityfund units,quoteddebtsecurities,certificatesofdeposit,commercialpaper,quotedbondsissuedbygovernmentandquasi-governmentorganizations.TheGroupinvestsafterconsidering |\n| counterpartyrisksbasedonmultiplecriteriaincludingTierICapital,CapitalAdequacyRatio,CreditRating,Profitability,NPAlevelsandDepositbaseofbanksandfinancialinstitutions. These risks are monitored regularly as per Group’s risk management program. Income from financial assets is as follows : (In ₹ crore) Three months ended March 31, Year ended March 31, Particulars 2025 2024 2025 2024 Interest income from financial assets carried at amortized cost 416 253 1,523 1,060 |\n| Interest income on financial assets fair valued through other comprehensive income 305 318 1,047 1,007 Gain / (loss) on investments carried at fair value through profit or loss 54 88 287 285 Gain / (loss) on investments carried at fair value through other comprehensive Income - - 2 - 775 659 2,859 2,352 Financial risk management |\n| Financial risk factors TheGroup'sactivitiesexposeittoavarietyoffinancialrisks:marketrisk,creditriskandliquidityrisk.TheGroup'sprimaryfocusistoforeseetheunpredictabilityoffinancialmarketsand seektominimizepotentialadverseeffectsonitsfinancialperformance.TheprimarymarketrisktotheGroupisforeignexchangerisk.TheGroupusesderivativefinancialinstrumentsto |\n| mitigateforeignexchangerelatedriskexposures.TheGroup'sexposuretocreditriskisinfluencedmainlybytheindividualcharacteristicofeachcustomerandtheconcentrationofriskfrom the top few customers. Market risk TheGroupoperatesinternationally,andamajorportionofthebusinessistransactedinseveralcurrenciesandconsequentlytheGroupisexposedtoforeignexchangeriskthroughitssales andservicesintheUnitedStatesandelsewhere,andpurchasesfromoverseassuppliersinvariousforeigncurrencies.TheGroupholdsderivativefinancialinstrumentssuchasforeign |\n| exchangeforwardandoptioncontractstomitigatetheriskofchangesinexchangeratesonforeigncurrencyexposures.TheGroupisalsoexposedtoforeignexchangeriskarisingon intercompanytransactioninforeigncurrencies.TheexchangeratebetweentheIndianrupeeandforeigncurrencieshaschangedsubstantiallyinrecentyearsandmayfluctuatesubstantially in the future. Consequently, the results of the Group’s operations are adversely affected as the rupee appreciates/ depreciates against these currencies. The following table analyses foreign currency risk from financial assets and liabilities as at March 31, 2025: |\n| (In ₹ crore) United Kingdom Australian Particulars U.S. dollars Euro Pound Other currencies Total |\n| dollars Sterling Net financial assets 26,821 11,791 2,228 1,356 3,090 45,286 Net financial liabilities |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 119, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "022191f5fc18670e", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 120\n\n| Net financial assets 26,126 9,559 2,153 1,479 2,917 42,234 Net financial liabilities (11,925) (3,378) (710) (813) (2,218) (19,044) Total 14,201 6,181 1,443 666 699 23,190 ForthethreemonthsandyearendedMarch31,2025andMarch31,2024,everypercentagepointdepreciation/appreciationintheexchangeratebetweentheIndianrupeeandtheU.S. |\n|---|\n| dollar has affected the Group's incremental operating margins by approximately 0.44%, 0.43%, 0.43%% and 0.43%, respectively. Sensitivityanalysisiscomputedbasedonthechangesintheincomeandexpensesinforeigncurrencyuponconversionintofunctionalcurrency,duetoexchangeratefluctuationsbetween |\n| the previous reporting period and the current reporting period. |\n| Derivative financial instruments TheGroupprimarilyholdsderivativefinancialinstrumentssuchasforeignexchangeforwardandoptioncontractstomitigatetheriskofchangesinexchangeratesonforeigncurrency |\n| exposures.Thecounterpartyforsuchcontractsisgenerallyabank.Thesederivativefinancialinstrumentsarevaluedbasedonquotedpricesforsimilarassetsandliabilitiesinactivemarkets or inputs that are directly or indirectly observable in the marketplace. |\n| The details in respect of outstanding foreign currency forward and option contracts are as follows: As at As at As at As at March 31, 2024 Particulars |\n| In million In ₹ crore In million In ₹ crore Derivatives designated as cash flow hedges Forward contracts In Swiss Franc 53 513 - - |\n| In Euro - - 30 270 Option Contracts In Euro 341 3,140 236 2,121 |\n| In Australian dollars 93 500 106 573 In United Kingdom Pound Sterling 17 188 35 368 Other derivatives Forward contracts In U.S. dollars 1,284 10,976 1,423 11,866 In Euro 698 6,432 574 5,163 In Singapore dollars 133 849 171 1,046 In United Kingdom Pound Sterling 53 589 86 902 In Swiss Franc 51 495 17 158 In Danish Krone 152 188 100 121 In New Zealand dollars 37 181 30 149 |\n| In Norwegian Krone 167 136 130 100 In Australian dollars 24 126 14 75 In Philippine Peso 500 75 - - In Czech Koruna 176 64 374 135 In Hungarian Forint 2,000 44 2,500 57 In Hongkong Dollars 40 44 - - In Canadian dollars - - 15 92 In Chinese Yuan - - 43 49 In South African rand - - 85 37 Option Contracts In U.S. dollars 796 6,800 543 4,527 In Euro |\n| 179 1,648 100 897 In Australian dollars 11 57 20 111 Total forwards & options 33,045 28,817 Thegrouprecognizedanetlossof₹44croreandanetlossof₹99croreduringthethreemonthsandyearendedMarch31,2025andanetgainof₹209croreandanetgainof₹186crore |\n| during the three months and year ended March 31, 2024, respectively, on derivative financial instruments not designated as cash flow hedges which are included in other income. Theforeignexchangeforwardandoptioncontractsmaturewithintwelvemonths.Thetablebelowanalysesthederivativefinancialinstrumentsintorelevantmaturitygroupingsbasedonthe remaining period as at the balance sheet date: (In ₹ crore) As at Particulars |\n| March 31, 2025 March 31, 2024 Not later than one month 15,506 10,877 Later than one month and not later than three months 16,641 15,963 Later than three months and not later than one year 898 1,977 Total 33,045 28,817 DuringtheyearendedMarch31,2025andMarch31,2024,theGrouphasdesignatedcertainforeignexchangeforwardandoptioncontractsascashflowhedgestomitigatetheriskof foreignexchangeexposureonhighlyprobableforecastcashtransactions.TherelatedhedgetransactionsforbalanceincashflowhedgingreserveasofMarch31,2025,areexpectedtooccur |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 120, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "517fd1344afbd3d0", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 121\n\n| Hedgeeffectivenessisdeterminedattheinceptionofthehedgerelationship,andthroughperiodicprospectiveeffectivenessassessmentstoensurethataneconomicrelationshipexists between the hedged item and hedging instrument, including whether the hedging instrument is expected to offset changes in cash flows of hedged items. Ifthehedgeratioforriskmanagementpurposesisnolongeroptimalbuttheriskmanagementobjectiveremainsunchangedandthehedgecontinuestoqualifyforhedgeaccounting,the |\n|---|\n| hedgerelationshipwillberebalancedbyadjustingeitherthevolumeofthehedginginstrumentorthevolumeofthehedgeditemsothatthehedgeratioalignswiththeratiousedforrisk management purposes. Any hedge ineffectiveness is calculated and accounted for in profit or loss at the time of the hedge relationship rebalancing. The following table provides the reconciliation of cash flow hedge reserve for the three months and year ended March 31, 2025 and March 31, 2024: (In ₹ crore) Three months ended March 31, Year ended March 31, Particulars 2025 2024 2025 2024 Gain / (Loss) |\n| Balance at the beginning of the period 38 22 6 (5) Gain / (loss) recognized in other comprehensive income during the period (66) (11) (5) 8 Amount reclassified to profit and loss during the period (8) 4 (27) 7 Tax impact on above 18 (9) 8 (4) Balance at the end of the period (18) 6 (18) 6 The Group offsets a financial asset and a financial liability when it currently has a legally enforceable right to set off the recognized amounts and the Group intends either to settle on a net |\n| basis, or to realize the asset and settle the liability simultaneously. The quantitative information about offsetting of derivative financial assets and derivative financial liabilities is as follows: (In ₹ crore) As at March 31, 2025 March 31, 2024 Particulars Derivative Derivative Derivative Derivative |\n| financial financial financial financial asset liability asset liability Gross amount of recognized financial asset/liability 250 ( 121) 98 ( 45) Amount set off ( 58) 58 ( 14) 14 Net amount presented in balance sheet 1 92 ( 63) 8 4 ( 31) |\n| Credit risk Creditriskreferstotheriskofdefaultonitsobligationbythecounterpartyresultinginafinancialloss.Themaximumexposuretothecreditriskatthereportingdateisprimarilyfromtrade receivablesamountingto₹31,158croreand₹30,193croreasatMarch31,2025andMarch31,2024,respectivelyandunbilledrevenueamountingto₹15,083croreand₹14,548croreasat March31,2025andMarch31,2024,respectively.Tradereceivablesandunbilledrevenuearetypicallyunsecuredandarederivedfromrevenueearnedfromcustomersprimarilylocatedin |\n| the United States ofAmerica and Europe. Credit riskhas alwaysbeen managedbytheGroup throughcredit approvals,establishing creditlimits andcontinuouslymonitoringthe creditworthinessofcustomerstowhichtheGroupgrantscredittermsinthenormalcourseofbusiness.TheGroupusestheexpectedcreditlossmodeltoassessanyrequiredallowances;and usesaprovisionmatrixtocomputetheexpectedcreditlossallowancefortradereceivablesandunbilledrevenues.Thismatrixtakesintoaccountcreditreportsandotherrelatedcredit information to the extent available. TheGroup'sexposuretocreditriskisinfluencedmainlybytheindividualcharacteristicofeachcustomerandtheconcentrationofriskfromthetopfewcustomers.Exposuretocustomersis |\n| diversified and there is no single customer contributing more than 10% of outstanding trade receivables and unbilled revenues. The following table gives details in respect of percentage of revenues generated from top five customers and top ten customers: (In %) Three months ended March 31, Year ended March 31, Particulars |\n| 2025 2024 2025 2024 Revenue from top five customers 13.1 13.6 13.2 13.3 Revenue from top ten customers 20.7 20.4 20.5 20.0 |\n| Credit risk exposure Trade receivables ageing schedule as at March 31, 2025 is as follows: (In ₹ crore) Outstanding for following periods from due date of payment Particulars Less than 6 months More than |\n| Not Due Total 6 months to 1 year 1-2 years 2-3 years 3 years Trade receivables 23,696 7,510 206 272 77 115 31,876 Less: Allowance for credit loss (718) Total Trade receivables 31,158 Trade receivables ageing schedule as at March 31, 2024 is as follows: (In ₹ crore) Outstanding for following periods from due date of payment Particulars Less than 6 months More than |\n| Not Due Total 6 months to 1 year 1-2 years 2-3 years 3 years Trade receivables 22,575 7,418 347 446 8 115 30,909 Less: Allowance for credit loss (716) Total Trade receivables 30,193 TheallowanceoflifetimeECLoncustomerbalancesforthethreemonthsandyearendedMarch31,2025was₹(57)croreand₹108crore,respectively.Theallowanceoflifetimeexpected |\n| credit loss on customer balances for the three months and year ended March 31, 2024 was ₹(104) crore and ₹90 crore, respectively. The movement in credit loss allowance on customer balance is as follows: (In ₹ crore) Three months ended March 31, Year ended March 31, Particulars 2025 2024 2025 2024 |\n| Balance at the beginning 1,036 1,049 953 961 Impairment loss recognized / (reversed), net (57) (104) 108 90 Amounts written off (29) - (91) (98) Translation differences 23 8 3 - Balance at the end 973 953 973 953 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 121, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "2c453d54fbf01596", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 122\n\n| Credit exposure The Group’s credit period generally ranges from 30-75 days. (In ₹ crore) As at Particulars |\n|---|\n| March 31, 2025 March 31, 2024 Trade receivables 31,158 30,193 Unbilled revenue 15,083 14,548 Days sales outstanding (DSO) was 69 days and 71 days as of March 31, 2025 and March 31, 2024, respectively. CreditriskoncashandcashequivalentsislimitedastheGroupgenerallyinvestindepositswithbankswithhighratingsassignedbyinternationalanddomesticcreditratingagencies. |\n| Ratings are monitored periodically and the Group has considered the latest available credit ratings as at the date of approval of these Consolidated financial statements. TheinvestmentsoftheGroupprimarilyincludeinvestmentinliquidmutualfundunits,quoteddebtsecurities,certificatesofdeposit,commercialpaper,quotedbondsissuedbygovernment andquasigovernmentorganizations.TheGroupinvestsafterconsideringcounterpartyrisksbasedonmultiplecriteriaincludingTierICapital,CapitalAdequacyRatio,creditrating, |\n| profitability, NPA levels and deposit base of banks and financial institutions. These risks are monitored regularly as per Group’s risk management program. Liquidity risk |\n| Liquidity risk is defined as the risk that the Group will not be able to settle or meet its obligations on time. TheGroup'sprincipalsourcesofliquidityarecashandcashequivalentsandinvestmentsandthecashflowthatisgeneratedfromoperations.TheGrouphasnooutstandingborrowings.The |\n| Group believes that the working capital is sufficient to meet its current requirements. AsatMarch31,2025,theGrouphadaworkingcapitalof₹54,249croreincludingcashandcashequivalentsof₹24,455croreandcurrentinvestmentsof₹12,482crore. AsatMarch31, |\n| 2024, the Group had a working capital of ₹50,638 crore including cash and cash equivalents of ₹14,786 crore and current investments of ₹12,915 crore. AsatMarch31,2025andMarch31,2024,theoutstandingemployeebenefitobligations were₹3,007croreand₹2,711crore,respectively,which havebeen substantiallyfunded. |\n| Accordingly, no liquidity risk is perceived. |\n| Refer to Note 2.8 for remaining contractual maturities of lease liabilities. The table below provides details regarding the contractual maturities of significant financial liabilities as at March 31, 2025: (In ₹ crore) Less than 1 Particulars 1-2 years 2-4 years 4-7 years Total year Trade payables 4,164 - - - 4 ,164 |\n| Financial liability under option arrangements on an undiscounted basis (Refer to Note 612 - 149 - 7 61 2.5) Other financial liabilities (excluding liability towards contingent consideration ) on an 14,606 1,750 145 12 1 6,513 undiscounted basis (Refer to Note 2.5) Liability towards contingent consideration on an undiscounted basis (Refer to Note 2.5) 12 21 - - 3 3 The table below provides details regarding the contractual maturities of significant financial liabilities as at March 31, 2024: (In ₹ crore) Less than 1 Particulars 1-2 years 2-4 years 4-7 years Total year Trade payables 3,956 - - - 3 ,956 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 122, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "c646c93c8b4b8b0e", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 123\n\n| 2.4 Prepayments and other assets |\n|---|\n| Prepayments and other assets consist of the following: |\n| (In ₹ crore) As at Particulars |\n| March 31, 2025 March 31, 2024 Current |\n| Security deposits(1) 65 75 |\n| Loans to employees(1) 249 248 |\n| Prepaid expenses(2) 3,080 3,329 |\n| Interest accrued and not due(1) 842 537 |\n| Withholding taxes and others(2)(4) 2,841 3,540 |\n| Advance payments to vendors for supply of goods(2) 413 356 |\n| Deposit with corporations(1)(3) 2,949 2,535 |\n| Deferred contract cost Cost of obtaining a contract (2) 343 200 (2) 504 358 |\n| Cost of fulfillment Other non financial assets (2) 91 180 Net investment in lease(1) (Refer to note 2.8) 1,139 710 |\n| Other financial assets(1) 470 221 |\n| Total current prepayment and other assets 12,986 12,289 |\n| Non-current |\n| Security deposits(1) 273 259 |\n| Loans to employees(1) 16 34 |\n| Prepaid expenses(2) 282 343 |\n| Withholding taxes and others(2)(4) 534 673 |\n| Deposit with corporations(1)(3) 82 47 |\n| Deferred contract cost Cost of obtaining a contract (2) 312 129 |\n| Cost of fulfillment (2) 879 687 Defined benefit plan assets(2) 297 31 |\n| Net investment in lease(1) (Refer to note 2.8) 1,106 1,114 |\n| Other financial assets(1) 19 8 |\n| Total non- current prepayment and other assets 3,800 3,325 |\n| Total prepayment and other assets 16,786 15,614 (1) Financial assets carried at amortized cost 7,210 5,788 |\n| (2) Non financial assets (3)Depositwithcorporationrepresentsamountsdepositedtosettlecertainemployee-relatedobligationsasandwhentheyariseduringthenormal |\n| course of business. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 123, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "b9f713599fd994a4", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 124\n\n| 2.5 Other liabilities Other liabilities comprise the following: (In ₹ crore) As at |\n|---|\n| Particulars March 31, 2025 March 31, 2024 Current Accrued compensation to employees(1) 4,924 4,454 (3) |\n| Accrued defined benefit liability 6 5 Accrued expenses(1) 8,467 8,224 |\n| Withholding taxes and others(3) 3,256 3,185 |\n| Liabilities of controlled trusts(1) 173 211 |\n| Liability towards contingent consideration(2) 11 - |\n| Capital Creditors(1) 520 310 |\n| Financial liability under option arrangements(2)(4) 552 499 (3) |\n| Other non-financial liabilities 11 8 Other financial liabilities(1)(5) 520 608 |\n| Total current other liabilities 18,440 17,504 Non-current |\n| Accrued expenses(1) 1,890 1,779 (3) |\n| Accrued defined benefit liability 115 159 Accrued compensation to employees(1) 12 7 |\n| Liability towards contingent consideration(2) 20 - (2)(4) 115 98 |\n| Financial liability under option arrangements Other financial liabilities(1)(5) 5 157 Other non-financial liabilities(3) 100 76 |\n| Total non-current other liabilities 2,257 2,276 Total other liabilities 20,697 19,780 (1) Financial liability carried at amortized cost 16,511 15,750 |\n| (2) Financial liability carried at fair value through profit or loss 698 597 Financial liability under option arrangements on an undiscounted basis 761 690 |\n| Financial liability towards contingent consideration on an undiscounted basis 33 - (3)Non financial liabilities |\n| (4) Represents liability related to options issued by the Group over the non-controlling interests in its subsidiaries (5)TheGroupenteredintofinancingarrangementswithathirdpartytowardstechnologyassetstakenoverbytheGroupfromacustomerasapartof transformationprojectwhichwasnotconsideredasdistinctgoodsorservicesasthecontrolrelatedtothoseassetswasnottransferredtotheGroup |\n| in accordance with Ind AS 115 - Revenue from contract with customers. As at March 31, 2025 and March 31, 2024, the financial liability pertaining to such arrangements amounts to ₹67 crore and ₹372 crore, respectively. Accruedexpensesprimarilyrelatestocostoftechnicalsub-contractors,telecommunicationcharges,legalandprofessionalcharges,brandbuilding |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 124, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "7b6e18f96f224c40", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 125\n\n| 2.6 Provisions and other contingencies |\n|---|\n| Accounting Policy 2.6.1 Provisions Aprovisionisrecognizedif,asaresultofapastevent,theGrouphasapresentlegalorconstructiveobligationthatisreasonablyestimable,andit isprobablethatanoutflowofeconomicbenefitswillberequiredtosettletheobligation.Provisionsaredeterminedbydiscountingtheexpected |\n| futurecashflowsatapre-taxratethatreflectscurrentmarketassessmentsofthetimevalueofmoneyandtherisksspecifictotheliability.The Grouprecognizesareimbursementassetwhen,andonlywhen,itisvirtuallycertainthatthereimbursementwillbereceivediftheGroupsettlesthe obligation. Contingent liability is a possible obligation arising from past events and whose existence will be confirmed only by the occurrence or non- occurrenceofoneormoreuncertainfutureeventsnotwhollywithinthecontroloftheentityorapresentobligationthatarisesfrompasteventsbut |\n| isnotrecognizedbecauseitisnotprobablethatanoutflowofresourcesembodyingeconomicbenefitswillberequiredtosettletheobligationor the amount of the obligation cannot be measured with sufficient reliability. |\n| a. Post sales client support The Group provides its clients with a fixed-period post sales support on its fixed-price, fixed-timeframe contracts. Costs associated with such supportservices areaccrued atthetimerelatedrevenues arerecorded and included in costof sales. The Group estimates such costs based on |\n| historical experience and estimates are reviewed on a periodic basis for any material changes in assumptions and likelihood of occurrence. |\n| b. Onerous contracts Provisions for onerous contracts are recognized when the expected benefits to be derived by the Group from a contract are lower than the unavoidablecostsofmeetingthefutureobligationsunderthecontract.Provisionsforestimatedlosses,ifany,onincompletecontractsarerecorded |\n| intheperiodinwhichsuchlossesbecomeprobable basedontheestimatedeffortsorcoststocompletethecontract.Theprovisionismeasuredat thepresentvalueoftheloweroftheexpectedcostofterminatingthecontractandtheexpectednetcostofcontinuingwiththecontract.Beforea provision is established the Group recognizes any impairment loss on the assets associated with that contract. Provision for post sales client support and other provisions (In ₹ crore) |\n| As at Particulars March 31, 2025 March 31, 2024 Post sales client support and other provision 1,325 1,796 |\n| Provisions pertaining to settlement (refer to note 2.6.2) 150 — |\n| Total provisions 1,475 1,796 |\n| The movement in the provision for post sales client support is as follows: (In ₹ crore) |\n| Three months ended Year ended March Particulars March 31, 2025 31, 2025 Balance at the beginning 1,492 1,796 |\n| Provision recognized / (reversed) (90) 166 |\n| Provision utilized (92) (676) |\n| Exchange difference 15 39 |\n| Balance at the end 1,325 1,325 Provisionforpostsalesclientsupportandotherprovisionsmajorlyrepresentscostassociatedwithprovidingpostsalessupportserviceswhichare |\n| accrued at the time of recognition of revenues and are expected to be utilized over a period of 1 year. |\n| Provision for post sales client support and other provisions is included in cost of sales in the consolidated statement of comprehensive income. AsatMarch31,2025andMarch31,2024claimsagainsttheGroup,notacknowledgedasdebts,(excludingdemandsfromincometaxauthorities- |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 125, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "9c6ac5d34adb21ff", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 126\n\n| 2.6.2 Legal Proceedings |\n|---|\n| McCamish Cybersecurity incident InNovember2023,certainsystemsofInfosysMcCamishSystemsLLC(“McCamish”),asubsidiaryofInfosysBPMLimited(awhollyowned subsidiaryof Infosys Limited), wereencrypted byransomware, resultingin thenon-availabilityofcertain applicationsand systems.McCamish initiated its incident response and engaged cybersecurityand other specialists to assist in its investigation of and response to the incident and remediation and restoration of impacted applications and systems. By December 31, 2023, McCamish, with external specialists’ assistance, substantiallyremediatedandrestoredtheaffectedapplicationsandsystems.ActionstakenbyMcCamishincludedinvestigativeanalysisconducted |\n| byathird-partycybersecurityfirmtodetermine,amongotherthings,whetherandtheextenttowhichCompanyorcustomerdatawassubjectto unauthorized access or exfiltration. McCamish also engaged a third-party eDiscovery vendor in assessing the extent and nature of such data. McCamish in coordination with its third-party eDiscovery vendor has identified corporate customers and individuals whose information was subject to unauthorized access and exfiltration. McCamish processes personal data on behalf of its corporate customers. From March 6, 2024 through July 25, 2024, six actions were filed in the U.S. District Court for the Northern District of Georgia against McCamish.TheactionsariseoutofthecybersecurityincidentatMcCamishinitiallydisclosedonNovember3,2023.Allsixactionshavesince beenconsolidated,andtheconsolidatedclassactioncomplaintwasfiledonNovember7,2024,purportedlyonbehalfofallpersonsresidinginthe UnitedStateswhosepersonallyidentifiableinformationwascompromisedintheincident,includingallwhoweresentanoticeoftheincident.On December 20, 2024, the Court granted the parties’ joint motion to stayproceedings pending the parties’ efforts to resolvethe lawsuitthrough |\n| mediation.OnMarch13,2025,McCamishandtheplaintiffsengagedinmediation,resultinginanin-principleagreementthatsetsforththeterms ofaproposedsettlementoftheclassactionlawsuitsagainstMcCamish,aswellassevenclassactionlawsuitsarisingoutoftheincidentthathave beenfiledagainstMcCamish’scustomers. Underthesettlementterms,McCamishhasagreedtopay$17.5million(approximately₹150crore)into afundtosettlethesematters.Theagreedtermsaresubjecttofinalizationofthetermsofthesettlementagreement,andpreliminaryandfinalcourt approval. If approved, the settlement will resolve all allegations made in the class action lawsuits without admission of any liability. McCamishhasrecordedanaccrualof$17.5million(approximately₹150crore)relatedtothesettlement. McCamishhasrecognizedaninsurance reimbursement receivable of $17 million (approximately ₹145 crore) which has been offset against the settlement expense of $17.5 million |\n| (approximately ₹150 crore) in the Statement of Comprehensive Income. McCamish may incur additional costs including from indemnities or damages/claims, which are indeterminable at this time. |\n| Others ApartfromlegalproceedingsandclaimsarisingfromtheMcCamishcybersecurityincident,theGroupissubjecttolegalproceedingsandclaims |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 126, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "10e746c4240c51fe", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 127\n\n| 2.7 Property, plant and equipment |\n|---|\n| Accounting Policy Property,plantandequipmentarestatedatcost,lessaccumulateddepreciationandimpairment,ifany.Costsdirectlyattributabletoacquisitionarecapitalized untiltheproperty,plantandequipmentarereadyforuse,asintendedbytheManagement.Thechargeinrespectofperiodicdepreciationisderivedatafter |\n| determininganestimateofanasset’sexpectedusefullifeandtheexpectedresidualvalueattheendofitslife.TheGroupdepreciatesproperty,plantand equipment over their estimated useful lives using the straight-line method. The estimated useful lives of assets are as follows: Building 22-25 years |\n| Plant and machinery(1) 5 years Computer equipment 3-5 years Furniture and fixtures 5 years Vehicles 5 years Leasehold improvements Lower of useful life of the asset or lease term (1) Includes solar plant with a useful life of 25 years |\n| Depreciationmethods,usefullivesandresidualvaluesarereviewedperiodically,includingateachfinancialyearend.Theusefullivesarebasedonhistorical experience with similar assets as well as anticipation of future events, which may impact their life, such as changes in technology. Advancespaidtowardstheacquisitionofproperty,plantandequipmentoutstandingateachbalancesheetdateandthecostofassetsnotreadytousebefore suchdatearedisclosedunder‘Capitalwork-in-progress’.Subsequentexpendituresrelatingtoproperty,plantandequipmentiscapitalizedonlywhenitis probablethatfutureeconomicbenefitsassociatedwiththesewillflowtotheGroupandthecostoftheitemcanbemeasuredreliably.Thecostandrelated accumulated depreciation are eliminated from the financial statements upon sale or retirement of the asset. |\n| Impairment Property,plantandequipmentareevaluatedforrecoverabilitywhenevereventsorchangesincircumstancesindicatethattheircarryingamountsmaynotbe recoverable.Forthepurposeofimpairmenttesting,therecoverableamount(i.e.thehigherofthefairvaluelesscosttosellandthevalue-in-use)isdetermined |\n| onanindividualassetbasisunlesstheassetdoesnotgeneratecashflowsthatarelargelyindependentofthosefromotherassets.Insuchcases,therecoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs. Ifsuchassetsareconsideredtobeimpaired,theimpairmenttoberecognizedinnetprofitintheinterimconsolidatedstatementofcomprehensiveincomeis measured by the amount by which the carrying value of the assets exceeds the estimated recoverable amount of the asset. An impairment loss is reversed in net |\n| profitintheconsolidatedstatementofcomprehensiveincomeiftherehasbeenachangeintheestimatesusedtodeterminetherecoverableamount.The carryingamountoftheassetisincreasedtoitsrevisedrecoverableamount,providedthatthisamountdoesnotexceedthecarryingamountthatwouldhave been determined (net of any accumulated depreciation) had no impairment loss been recognized for the asset in prior years. The changes in the carrying value of property, plant and equipment for the three months ended March 31, 2025 are as follows: (In ₹ crore) Plant and Computer Furniture Particulars Land Buildings Vehicles Total machinery equipment and fixtures Gross carrying value as at January 1, 2025 1,430 11,716 5,458 8,734 3,433 48 30,819 Additions 47 5 55 697 39 - 843 Deletions** - (6) (77) (140) (180) - (403) Translation difference - 6 2 15 8 - 31 Gross carrying value as at March 31, 2025 1,477 11,721 5,438 9,306 3,300 48 31,290 |\n| Accumulated depreciation as at January 1, 2025 - (5,247) (4,390) (6,846) (2,804) (43) (19,330) Depreciation - (109) (86) (292) (62) - (549) Accumulated depreciation on deletions** - 1 76 133 177 - 387 Translation difference - (3) (2) (8) (7) - (20) Accumulated depreciation as at March 31, 2025 - (5,358) (4,402) (7,013) (2,696) (43) (19,512) Capital work-in progress as at January 1, 2025 858 Carrying value as at January 1, 2025 1,430 6,469 1,068 1,888 629 5 12,347 Capital work-in progress as at March 31, 2025 1,022 Carrying value as at March 31, 2025 1,477 6,363 1,036 2,293 604 5 12,800 The changes in the carrying value of property, plant and equipment for the three months ended March 31, 2024 are as follows: (In ₹ crore) Plant and Computer Furniture Particulars Land Buildings Vehicles Total machinery equipment and fixtures Gross carrying value as at January 1, 2024 1,430 11,498 5,203 8,497 3,378 45 30,051 Additions - 287 183 345 79 - 894 Deletions* - - (42) (224) (59) - (325) Translation difference - (15) (3) (7) (8) - (33) Gross carrying value as at March 31, 2024 1,430 11,770 5,341 8,611 3,390 45 30,587 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 127, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "647ae9a21e18800c", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 128\n\n| Accumulated depreciation as at April 1, 2024 - (4,921) (4,182) (6,380) (2,692) (42) (18,217) Depreciation - (444) (372) (1,249) (293) (2) (2,360) Accumulated depreciation on deletions** - 13 155 616 297 1 1,082 Translation difference - (6) (3) - (8) - (17) Accumulated depreciation as at March 31, 2025 - (5,358) (4,402) (7,013) (2,696) (43) (19,512) Capital work-in progress as at April 1, 2024 448 Carrying value as at April 1, 2024 1,430 6,849 1,159 2,231 698 3 12,818 Capital work-in progress as at March 31, 2025 1,022 Carrying value as at March 31, 2025 1,477 6,363 1,036 2,293 604 5 12,800 **DuringthethreemonthsandyearendedMarch31,2025,certainassetswhichwerenotinusehavinggrossbookvalueof₹113crore(netbookvalue:Nil) and ₹513 crore (net book value: Nil), respectively were retired. The changes in the carrying value of property, plant and equipment for the year ended March 31, 2024 are as follows: (In ₹ crore) Plant and Computer Furniture Particulars Land Buildings Vehicles Total machinery equipment and fixtures Gross carrying value as at April 1, 2023 1,429 11,562 5,169 8,519 3,365 45 30,089 Additions 1 300 331 931 197 1 1,761 Deletions* - (55) (155) (846) (170) (1) (1,227) Translation difference - (37) (4) 7 (2) - (36) Gross carrying value as at March 31, 2024 1,430 11,770 5,341 8,611 3,390 45 30,587 |\n|---|\n| Accumulated depreciation as at April 1, 2023 - (4,535) (3,877) (5,826) (2,465) (40) (16,743) Depreciation - (450) (458) (1,387) (387) (3) (2,685) Accumulated depreciation on deletions* - 55 151 836 158 1 1,201 Translation difference - 9 2 (3) 2 - 10 Accumulated depreciation as at March 31, 2024 - (4,921) (4,182) (6,380) (2,692) (42) (18,217) Capital work-in progress as at April 1, 2023 447 Carrying value as at April 1, 2023 1,429 7,027 1,292 2,693 900 5 13,793 Capital work-in progress as at March 31, 2024 448 Carrying value as at March 31, 2024 1,430 6,849 1,159 2,231 698 3 12,818 *DuringthethreemonthsandyearendedMarch 31,2024,certainassetswhichwerenotinusehavinggrossbookvalueof₹181crore(netbookvalue:Nil) |\n| and ₹775 crore (net book value: Nil), respectively were retired. The aggregate depreciation expense is included in cost of sales in the interim consolidated statement of comprehensive income. |\n| Repairs and maintenance costs are recognized in the consolidated statement of comprehensive income when incurred. ConsequenttotheCompanies(CorporateSocialResponsibilityPolicy)AmendmentRules,2021(“theRules”),theCompanywasrequiredtotransferitsCSR capitalassetsinstalledpriortoJanuary2021.TowardsthistheCompanyhadincorporatedasubsidiary‘InfosysGreenForum’ (IGF)underSection8ofthe |\n| CompaniesAct,2013.DuringtheyearendedMarch31,2022theCompanyhadcompletedthetransferofassetsuponobtainingtherequiredapprovalsfrom regulatoryauthorities,asapplicable.DuringMarch31,2024,theapplicationfiledbyIGFforregistrationu/s.12ABoftheIncomeTaxActwasrejectedand registration cancelled. IGF has filed an appeal against this order before Income Tax Appellate Tribunal. TheGrouphadcontractualcommitmentsforcapitalexpenditureprimarilycomprisingofcommitmentsforinfrastructurefacilitiesandcomputerequipment |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 128, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "18e08b167453d30b", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 129\n\n| 2.8 Leases |\n|---|\n| Accounting Policy |\n| The Group as a lessee |\n| TheGroup’sleaseassetclassesprimarilyconsistofleasesforland,buildingsandcomputers.TheGroupassesseswhetheracontractcontainsa |\n| lease,atinceptionofacontract.Acontractis,orcontains,aleaseifthecontractconveystherighttocontroltheuseofanidentifiedassetfora |\n| periodoftimeinexchangeforconsideration.Toassesswhetheracontractconveystherighttocontroltheuseofanidentifiedasset,theGroup |\n| assesseswhether:(1)thecontractinvolvestheuseofanidentifiedasset(2)theGrouphassubstantiallyalloftheeconomicbenefitsfromuseof |\n| the asset through the period of the lease and (3) the Group has the right to direct the use of the asset. |\n| Atthedateofcommencementofthelease,theGrouprecognizesaright-of-useasset(“ROU”)andacorrespondingleaseliabilityforalllease |\n| arrangementsinwhichitisalessee,exceptforleaseswithatermoftwelvemonthsorless(short-termleases)andlowvalueleases.Forthese |\n| short-termandlowvalueleases,theGrouprecognizestheleasepaymentsasanoperatingexpenseonastraight-linebasisoverthetermofthe |\n| lease. |\n| Asalessee,theGroupdeterminestheleasetermasthenon-cancellableperiodofaleaseadjustedwithanyoptiontoextendorterminatethe |\n| lease,iftheuseofsuchoptionisreasonablycertain.TheGroupmakesanassessmentontheexpectedleasetermonalease-by-leasebasisand |\n| therebyassesseswhetheritisreasonablycertainthatanyoptionstoextendorterminatethecontractwillbeexercised.Inevaluatingthelease |\n| term, the Group considers factors such as any significant leasehold improvements undertaken over the lease term, costs relating to the |\n| terminationoftheleaseandtheimportanceoftheunderlyingassettoGroup’soperationstakingintoaccountthelocationoftheunderlying |\n| assetandtheavailabilityofsuitablealternatives.Theleaseterminfutureperiodsisreassessedtoensurethattheleasetermreflectsthecurrent |\n| economic circumstances. |\n| Certainleasearrangementsincludetheoptionstoextendorterminatetheleasebeforetheendoftheleaseterm.ROUassetsandleaseliabilities |\n| includes these options when it is reasonably certain that they will be exercised. |\n| Theright-of-useassetsareinitiallyrecognizedatcost,whichcomprisestheinitialamountoftheleaseliabilityadjustedforanyleasepayments |\n| madeatorpriortothecommencementdateoftheleaseplusanyinitialdirectcostslessanyleaseincentives. Theyaresubsequentlymeasured |\n| at cost less accumulated depreciation and impairment losses. |\n| Right-of-useassetsaredepreciatedfromthecommencementdateonastraight-linebasisovertheshorteroftheleasetermandusefullifeofthe |\n| underlying asset. |\n| Right-of-useassetsareevaluatedforrecoverabilitywhenevereventsorchangesincircumstancesindicatethattheircarryingamountsmaynot |\n| berecoverable.Forthepurposeofimpairmenttesting,therecoverableamount(i.e.thehigherofthefairvaluelesscosttosellandthevalue-in- |\n| use)isdeterminedonanindividualassetbasisunlesstheassetdoesnotgeneratecashflowsthatarelargelyindependentofthosefromother |\n| assets. In such cases, the recoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs. |\n| Theleaseliabilityisinitiallymeasuredatamortizedcostatthepresentvalueofthefutureleasepayments.Theleasepaymentsarediscounted |\n| usingtheinterestrateimplicitintheleaseor,ifnotreadilydeterminable,usingtheincrementalborrowingratesinthecountryofdomicileof |\n| these leases. Lease liabilities are remeasured with a corresponding adjustment to the related right-of-use asset if the group changes its |\n| assessment of whether it will exercise an extension or a termination option. |\n| LeaseliabilityandROUassethavebeenseparatelypresentedintheBalanceSheetandleasepaymentshavebeenclassifiedasfinancingcash |\n| flows. |\n| The Group as a lessor |\n| Leasesforwhichthegroupisalessorisclassifiedasafinanceoroperatinglease.Wheneverthetermsoftheleasetransfersubstantiallyallthe |\n| risks and rewards of ownership to the lessee, the contract is classified as a finance lease. All other leases are classified as operating leases. |\n| WhentheGroupisanintermediatelessor,itaccountsforitsinterestsintheheadleaseandthesubleaseseparately.Thesubleaseisclassifiedas |\n| a finance or operating lease by reference to the right-of-use asset arising from the head lease. |\n| For operating leases, rental income is recognized on a straight line basis over the term of the relevant lease. |\n| Following are the changes in the carrying value of right-of-use assets for the three months ended March 31, 2025: |\n| (In ₹ crore) Category of ROU asset Particulars Total |\n| Land Buildings Vehicles Computers Balance as of January 1, 2025 601 3,339 24 2,381 6,345 |\n| Additions* - 284 2 370 656 |\n| Deletions - (104) - (192) (296) |\n| Depreciation (1) (180) (3) (223) (407) |\n| Translation difference - 9 1 3 13 |\n| Balance as of March 31, 2025 600 3,348 24 2,339 6,311 |\n| * Net of adjustments on account of modifications |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 129, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "54714087d520c508", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 130\n\n| Following are | the changes in | the | carrying | value | of | right-of-use assets | for the three | months en | ded | March 31, 2024 | : |  |  |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| Particulars |  |  |  |  |  |  |  | Category | of R | OU asset |  | (In ₹ | crore) Total |\n| Balance as of | January 1, 20 | 24 |  |  |  |  | Land 607 | Buildings 3,527 |  | Vehicles 18 | Computers 2,740 |  | 6,892 |\n| Additions* |  |  |  |  |  |  | - | 61 |  | 2 | 376 |  | 439 |\n| Deletions |  |  |  |  |  |  | - | (92) |  | - | (215) |  | (307) |\n| Depreciation |  |  |  |  |  |  | (2) | (185) |  | (2) | (234) |  | (423) |\n| Translation dif | ference |  |  |  |  |  | - | (13) |  | (1) | (35) |  | (49) |\n| Balance as of | March 31, 20 | 24 |  |  |  |  | 605 | 3,298 |  | 17 | 2,632 |  | 6,552 |\n| * Net of adjus | tments on acco | unt | of modifi | cation | s |  |  |  |  |  |  |  |  |\n| Following are | the changes in | the | carrying | value | of | right-of-use assets | for the year | ended Mar | ch 3 | 1, 2025: |  |  |  |\n| Particulars |  |  |  |  |  |  |  | Category | of R | OU asset |  | (In ₹ | crore) Total |\n| Balance as of | April 1, 2024 |  |  |  |  |  | Land 605 | Buildings 3,298 |  | Vehicles 17 | Computers 2,632 |  | 6,552 |\n| Additions* |  |  |  |  |  |  | - | 816 |  | 13 | 1,306 |  | 2,135 |\n| Addition due t | o Business Co | mbi | nation (R | efer to | n | ote 2.10) | - | 155 |  | 5 | - |  | 160 |\n| Deletions |  |  |  |  |  |  | - | (236) |  | (6) | (652) |  | (894) |\n| Depreciation |  |  |  |  |  |  | (6) | (714) |  | (11) | (965) |  | (1,696) |\n| Translation dif | ference |  |  |  |  |  | 1 | 29 |  | 6 | 18 |  | 54 |\n| Balance as of | March 31, 20 | 25 |  |  |  |  | 600 | 3,348 |  | 24 | 2,339 |  | 6,311 |\n| * Net of adjus | tments on acco | unt | of modifi | cation | s |  |  |  |  |  |  |  |  |\n| Following are | the changes in | the | carrying | value | of | right-of-use assets | for the year | ended Mar | ch 3 | 1, 2024: |  |  |  |\n| Particulars |  |  |  |  |  |  |  | Category | of R | OU asset |  | (In ₹ | crore) Total |\n| Balance as of | April 1, 2023 |  |  |  |  |  | Land 623 | Buildings 3,896 |  | Vehicles 15 | Computers 2,348 |  | 6,882 |\n| Additions* |  |  |  |  |  |  | - | 394 |  | 12 | 1,872 |  | 2,278 |\n| Deletions |  |  |  |  |  |  | (10) | (181) |  | (1) | (755) |  | (947) |\n| Impairment |  |  |  |  |  |  | - | (88) |  | - | - |  | (88) |\n| Depreciation |  |  |  |  |  |  | (6) | (728) |  | (10) | (851) |  | (1,595) |\n| Translation dif | ference |  |  |  |  |  | (2) | 5 |  | 1 | 18 |  | 22 |\n| Balance as of | March 31,202 | 4 |  |  |  |  | 605 | 3,298 |  | 17 | 2,632 |  | 6,552 |\n| * Net of adjus | tments on acco | unt | of modifi | cation | s | and lease incentiv | es |  |  |  |  |  |  |\n| The aggregate | depreciation e | xpe | nse on R | OU ass | et | s is included in co | st of sales in | the consoli | date | d statement of c | omprehensive | income |  |\n| The following | is the break-up | of | current a | nd no | n-c | urrent lease liabili | ties as of Ma | rch 31, 202 | 5 a | nd March 31, 20 | 24: |  |  |\n|  |  |  |  |  |  |  |  |  |  |  |  | (In ₹ | crore) |\n| Particulars |  |  |  |  |  |  |  |  |  |  | As a | t |  |\n|  |  |  |  |  |  |  |  |  |  | Mar | ch 31, 2025 | March 3 | 1, 2024 |\n| Current lease l | iabilities |  |  |  |  |  |  |  |  |  | 2,455 |  | 1,959 |\n| Non-current le | ase liabilities |  |  |  |  |  |  |  |  |  | 5,772 |  | 6,400 |\n| Total |  |  |  |  |  |  |  |  |  |  | 8,227 |  | 8,359 |\n| The movemen | t in lease liabili | ties | during t | he thre | e | months and year e | nded March | 31, 2025 an | d M | arch 31, 2024 i | s as follows: |  |  |\n|  |  |  |  |  |  |  | T | hree mont | hs e | nded | Year ended | (In ₹ March 3 | crore) 1, |\n| Particulars |  |  |  |  |  |  |  | March 2025 | 31, | 2024 | 2025 |  | 2024 |\n| Balance as at | Beginning |  |  |  |  |  |  | 8,221 |  | 8,744 | 8,359 |  | 8,299 |\n| Additions |  |  |  |  |  |  |  | 624 |  | 521 | 2,156 |  | 2,190 |\n| Addition due t | o Business Co | mbi | nation (R | efer to | n | ote 2.10) |  | - |  | - | 160 |  | - |\n| Deletions |  |  |  |  |  |  |  | (190) |  | (332) | (553) |  | (444) |\n| Finance cost a | ccrued during t | he | period |  |  |  |  | 89 |  | 79 | 341 |  | 326 |\n| Payment of lea | se liabilities |  |  |  |  |  |  | (580) |  | (575) | (2,355) |  | (2,030) |\n| Translation dif | ference |  |  |  |  |  |  | 63 |  | (78) | 119 |  | 18 |\n| Balance as at | end |  |  |  |  |  |  | 8,227 |  | 8,359 | 8 ,227 |  | 8 ,359 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 130, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "3a2c81a3ebe0dde3", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 131\n\n| The table belowprovides details regarding the contractual maturities of lease liabilities as at March 31, 2025 and March 31, 2024 on an |\n|---|\n| undiscounted basis: |\n| (In ₹ crore) As at Particulars |\n| March 31, 2025 March 31, 2024 Less than one year 2,483 2,152 |\n| One to five years 5,195 6,123 |\n| More than five years 1,296 994 |\n| Total 8 ,974 9 ,269 |\n| Thegroupdoesnotfaceasignificantliquidityriskwithregardtoitsleaseliabilitiesasthecurrentassetsaresufficienttomeettheobligations |\n| related to lease liabilities as and when they fall due. |\n| Rentalexpenserecordedforshort-termleaseswas₹24croreand₹85croreforthethreemonthsandyearendedMarch31,2025respectively. |\n| Rental expense recorded for short-term leases was ₹27 crore and ₹97 crore for the three months and year ended March 31, 2024 respectively. |\n| Leases not yet commenced to which Group is committed is ₹176 crore for a lease term ranging from 3 years to 5 years. |\n| The following is the movement in the net investment in lease during the three months and year ended March 31, 2025 and March 31, 2024: |\n| (In ₹ crore) Three months ended Year ended March 31, |\n| Particulars March 31, 2025 2024 2025 2024 |\n| Balance as at beginning 2 ,173 1 ,614 1 ,824 9 22 |\n| Additions 262 1 78 1 ,013 1 ,281 |\n| Interest income accrued during the period 11 7 37 2 4 |\n| Others (22) 2 (25) ( 2) |\n| Lease receipts ( 217) ( 13) ( 676) ( 400) |\n| Translation difference 38 3 6 72 ( 1) |\n| Balance as at the end 2 ,245 1 ,824 2 ,245 1 ,824 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 131, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "6d6c8ec794beb548", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 132\n\n| 2.9 Goodwill and Intangible assets |\n|---|\n| 2.9.1 Goodwill |\n| Accounting Policy |\n| GoodwillrepresentsthepurchaseconsiderationinexcessoftheGroup'sinterestinthenetfairvalueofidentifiableassets,liabilitiesandcontingentliabilitiesofthe |\n| acquiredentity.Whenthenetfairvalueoftheidentifiableassets,liabilitiesandcontingentliabilitiesacquiredexceedsthepurchaseconsideration, thefairvalueofnet |\n| assets acquired is reassessed and the bargain purchase gain is recognized immediately in the net profit in the Statement of ComprehensiveIncome. Goodwill is |\n| measured at cost less accumulated impairment losses. |\n| Impairment |\n| Goodwillistestedforimpairmentonanannualbasisandwheneverthereisanindicationthattherecoverableamountofacashgeneratingunit(CGU)islessthanits |\n| carrying amount. For the impairment test, goodwill is allocated to theCGU or groups of CGU’s which benefit from the synergies of theacquisition and which |\n| representsthelowestlevelatwhichgoodwillismonitoredforinternalmanagementpurposes.ACGUisthesmallestidentifiablegroupofassetsthatgeneratescash |\n| inflowsthatarelargelyindependentofthecashinflowsfromotherassetsorgroupofassets.ImpairmentoccurswhenthecarryingamountofaCGUincludingthe |\n| goodwill,exceedstheestimatedrecoverableamountoftheCGU.TherecoverableamountofaCGUisthehigherofitsfairvaluelesscosttosellanditsvalue-in-use. |\n| Value-in-useisthepresentvalueof futurecashflowsexpectedtobederivedfromtheCGU.Keyassumptionsinthecashflowprojectionsarepreparedbasedon |\n| current economic conditions and includes estimated long term growth rates, weighted average cost of capital and estimated operating margins. |\n| Following is a summary of changes in the carrying amount of goodwill: |\n| (In ₹ crore) As at |\n| Particulars March 31, 2025 March 31, 2024 Carrying value at the beginning 7,303 7,248 |\n| Goodwill on acquisitions (Refer to note 2.10) 2,593 - |\n| Translation differences 210 55 |\n| Carrying value at the end 10,106 7,303 |\n| Forthepurposeofimpairmenttesting,goodwillacquiredinabusinesscombinationisallocatedtotheCGUsorgroupsofCGUs,whichbenefitfromthesynergiesof |\n| the acquisition. |\n| The allocation of goodwill to operating segments as at March 31, 2025 and March 31, 2024 is as follows: |\n| (In ₹ crore) As at |\n| Segment March 31, 2025 March 31, 2024 Financial services 1,510 1,476 |\n| Retail 961 939 |\n| Communication 691 675 |\n| Energy, Utilities, Resources and Services 1,337 1,160 |\n| Manufacturing 2,986 578 |\n| Life Sciences 975 951 |\n| 8,460 5,779 |\n| Operating segments without significant goodwill 650 552 |\n| Total 9,110 6,331 |\n| ThegoodwillpertainingtoPanayaamountingto₹996croreand₹972croreasatMarch31,2025andMarch31,2024,respectivelyistestedforimpairmentatthe |\n| entity level. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 132, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "b5f63991cde9d5e7", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 133\n\n| Therecoverableamountof aCGUisthehigherof itsfairvaluelesscosttosellanditsvalue-in-use.Thefairvalueof aCGUisdeterminedbasedonthemarket |\n|---|\n| capitalization. Value-in-use is determined based on discounted future cash flows. The key assumptions used for the calculations are as follows: |\n| (in %) |\n| As at |\n| March 31, 2025 March 31, 2024 Long term growth rate 7-10 7-10 |\n| Operating margins 19-21 19-21 Discount rate 13 13 |\n| TheabovediscountrateisbasedontheWeightedAverageCostofCapital(WACC)oftheCompany.AsatMarch31,2025,theestimatedrecoverableamountofthe |\n| CGUexceededitscarryingamount.Reasonablesensitivitiesinkeyassumptionsareunlikelytocausethecarryingamounttoexceedtherecoverableamountofthe |\n| cash generating units. |\n| 2.9.2 Intangible assets |\n| Accounting Policy |\n| Intangibleassetsarestatedatcostlessaccumulatedamortizationandimpairment.Intangibleassetsareamortizedovertheirrespectiveindividualestimatedusefullives |\n| on astraight-linebasis,fromthedatethattheyareavailableforuse. Theestimated usefullifeof anidentifiableintangibleassetisbasedonanumber of factors |\n| includingtheeffectsofobsolescence,demand,competition,andothereconomicfactors(suchasthestabilityoftheindustryandknowntechnologicaladvances),and |\n| the level of maintenance expenditures required to obtain the expected future cash flows from the asset. Amortization methods and useful lives are reviewed |\n| periodically including at each financial year end. |\n| Researchcostsareexpensedasincurred.Softwareproductdevelopmentcostsareexpensedasincurredunlesstechnicalandcommercialfeasibilityoftheprojectis |\n| demonstrated,futureeconomicbenefitsareprobable,theGrouphasanintentionandabilitytocompleteanduseorsellthesoftwareandthecostscanbemeasured |\n| reliably.Thecostswhichcanbecapitalizedincludethecostofmaterial,directlabour,overheadcoststhataredirectlyattributabletopreparetheassetforitsintended |\n| use. |\n| Impairment |\n| Intangibleassetsareevaluatedforrecoverabilitywhenevereventsorchangesincircumstancesindicatethattheircarryingamountsmaynotberecoverable.Forthe |\n| purposeofimpairmenttesting,therecoverableamount(i.e.thehigherofthefairvaluelesscosttosellandthevalue-in-use)isdeterminedonanindividualassetbasis |\n| unlesstheassetdoesnotgeneratecashflowsthatarelargelyindependentofthosefromotherassets.Insuchcases,therecoverableamountisdeterminedfortheCGU |\n| to which the asset belongs. |\n| Ifsuchassetsareconsideredtobeimpaired,theimpairmenttoberecognizedinnetprofitinthestatementofcomprehensiveincomeismeasuredbytheamountby |\n| which the carrying value of the assets exceeds the estimated recoverable amount of the asset. An impairment loss is reversed in net profit in the statement of |\n| comprehensiveincomeif therehasbeenachangein theestimatesusedtodeterminetherecoverableamount. Thecarryingamountof theasset isincreased toits |\n| revisedrecoverableamount,providedthatthisamountdoesnotexceedthecarryingamountthatwouldhavebeendetermined(netofanyaccumulatedamortization) |\n| had no impairment loss been recognized for the asset in prior years. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 133, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "c56ebdaababeee6e", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 134\n\n| Following are th | e chan | ges | in | the carryin | g valu | e of acquire | d intangible ass | ets for the three m | onths ended March 3 | 1, 2025: |  |  |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|\n|  |  |  |  |  |  |  |  |  |  |  | (In ₹ | crore) |\n| Particulars |  |  |  |  |  |  | Customer | Software | Intellectual | Brand or | Others* |  |\n|  |  |  |  |  |  |  | related | related pro | perty rights | Trademark |  | Total |\n|  |  |  |  |  |  |  |  |  | related | Related |  |  |\n| Gross carrying | value | as | at | January 1 | , 2025 |  | 4,279 | 1,218 | 1 | 512 | 798 | 6,808 |\n| Additions during | the p | erio | d |  |  |  | - | 39 | - | - | - | 39 |\n| Deletions |  |  |  |  |  |  | - | - | - | - | - | - |\n| Translation diffe | rences |  |  |  |  |  | 104 | 23 | - | 7 | 3 | 137 |\n| Gross carrying | value | as | at | March 31, | 2024 |  | 4 ,383 | 1 ,280 | 1 | 5 19 | 801 | 6,984 |\n| Accumulated a | mortiz | ati | on | as at Janu | ary 1, | 2025 | (2,054) | (835) | (1) | (275) | (660) | (3,825) |\n| Amortization ex | pense* |  |  |  |  |  | (289) | (24) | - | (14) | (18) | (345) |\n| Deletions |  |  |  |  |  |  | - | - | - | - | - | - |\n| Translation diffe | rences |  |  |  |  |  | (34) | (10) | - | (2) | (2) | (48) |\n| Accumulated a | mortiz | ati | on | as at Mar | ch 31, | 2025 | ( 2,377) | ( 869) | ( 1) | ( 291) | (680) | (4,218) |\n| Carrying value | as at | Jan | ua | ry 1, 2025 |  |  | 2 ,225 | 3 83 | - | 2 37 | 138 | 2,983 |\n| Carrying value | as at | Ma | rc | h 31, 2025 |  |  | 2 ,006 | 4 11 | - | 2 28 | 121 | 2,766 |\n| Estimated Usef | ul Life | (i | n y | ears) |  |  | 1-15 | 3-10 | - | 3-10 | 3-7 |  |\n| Estimated Rem | aining | U | sef | ul Life (in | years) |  | 1-9 | 1-4 | - | 1-6 | 1-3 |  |\n| Following are th | e chan | ges | in | the carryin | g valu | e of acquire | d intangible ass | ets for the three m | onths ended March 3 | 1, 2024: |  |  |\n|  |  |  |  |  |  |  |  |  |  |  | (In ₹ | crore) |\n| Particulars |  |  |  |  |  |  | Customer | Software | Intellectual | Brand or | Others* |  |\n|  |  |  |  |  |  |  | related | related pro | perty rights | Trademark |  | Total |\n|  |  |  |  |  |  |  |  |  | related | Related |  |  |\n| Gross carrying | value | as | at | January 1 | , 2024 |  | 2,570 | 1,102 | 1 | 351 | 784 | 4,808 |\n| Additions during | the p | erio | d |  |  |  | - | 22 | - | - | - | 22 |\n| Deletions |  |  |  |  |  |  | - | - | - | - | - | - |\n| Translation diffe | rences |  |  |  |  |  | (58) | (14) | - | (2) | (2) | (76) |\n| Gross carrying | value | as | at | March 31, | 2024 |  | 2 ,512 | 1 ,110 | 1 | 3 49 | 782 | 4,754 |\n| Accumulated a | mortiz | ati | on | as at Janu | ary 1, | 2024 | (1,797) | (748) | (1) | (227) | (527) | (3,300) |\n| Amortization ex | pense |  |  |  |  |  | (44) | (19) | - | (9) | (30) | (102) |\n| Deletions |  |  |  |  |  |  | - | 2 | - | - | - | 2 |\n| Translation diffe | rences |  |  |  |  |  | 41 | - | - | 1 | 1 | 43 |\n| Accumulated a | mortiz | ati | on | as at Mar | ch 31, | 2024 | ( 1,800) | ( 765) | ( 1) | ( 235) | (556) | (3,357) |\n| Carrying value | as at | Jan | ua | ry 1, 2024 |  |  | 7 73 | 3 54 | - | 1 24 | 257 | 1,508 |\n| Carrying value | as at | Ma | rc | h 31, 2024 |  |  | 7 12 | 3 45 | - | 1 14 | 226 | 1,397 |\n| Estimated Usef | ul Life | (i | n y | ears) |  |  | 1-15 | 3-10 | - | 3-10 | 3-7 |  |\n| Estimated Rem | aining | U | sef | ul Life (in | years) |  | 1-10 | 1-5 | - | 1-6 | 1-4 |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 134, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "4d6d27f4deda24c8", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 135\n\n| Following are the changes in the carrying value of acquired intangible assets for the year ended March 31, 2025: |\n|---|\n| (In ₹ crore) |\n| Particulars Customer Software Intellectual Brand or Others* |\n| related related property rights Trademark Total |\n| related Related |\n| Gross carrying value as at April 1, 2024 2,512 1,110 1 349 782 4,754 |\n| Additions during the period 143 143 |\n| Acquisition through business combination (Refer 1,780 - - 160 - 1,940 |\n| note no. 2.10) |\n| Deletions - - - - - - |\n| Translation differences 91 27 - 10 19 147 |\n| Gross carrying value as at March 31, 2025 4,383 1,280 1 519 801 6,984 |\n| Accumulated amortization as at April 1, 2024 (1,800) (765) (1) (235) (556) (3,357) |\n| Amortization expense* (530) (87) - (50) (110) (777) |\n| Deletions - - - - - - |\n| Translation differences (47) (17) - (6) (14) (84) |\n| Accumulated amortization as at March 31, 2025 (2,377) (869) (1) (291) (680) (4,218) |\n| Carrying value as at April 1, 2024 712 345 - 114 226 1,397 |\n| Carrying value as at March 31, 2025 2,006 411 - 228 121 2,766 |\n| Estimated Useful Life (in years) 1-15 3-10 - 3-10 3-7 |\n| Estimated Remaining Useful Life (in years) 1-9 1-4 - 1-6 1-3 |\n| *DuringthethreemonthsendedMarch31,2025,adeclineintherevenueestimatesledtothecarryingvalueofthecustomerrelatedintangiblesassetsrecognizedon |\n| businesscombinationexceedingtheestimatedrecoverableamount.Consequently,theCompanyhasrecognized₹188croreastheexcessofcarryingvalueoverthe |\n| estimated recoverable value for the three months ended March 31, 2025. |\n| Following are the changes in the carrying value of acquired intangible assets for the year ended March 31, 2024: |\n| (In ₹ crore) |\n| Particulars Customer Software Intellectual Brand or Others* |\n| related related property rights Trademark Total |\n| related Related |\n| Gross carrying value as at April 1, 2023 2,507 1,031 1 346 774 4,659 |\n| Additions during the period - 79 - - - 79 |\n| Deletions - (2) - - - (2) |\n| Translation differences 5 2 - 3 8 18 |\n| Gross carrying value as at March 31, 2024 2,512 1,110 1 349 782 4,754 |\n| Accumulated amortization as at April 1, 2023 (1,600) (688) (1) (195) (426) (2,910) |\n| Amortization expense (194) (75) - (38) (125) (432) |\n| Deletions - 2 - - - 2 |\n| Translation differences (6) (4) - (2) (5) (17) |\n| Accumulated amortization as at March 31, 2024 (1,800) (765) (1) (235) (556) (3,357) |\n| Carrying value as at April 1, 2023 907 343 - 151 348 1,749 |\n| Carrying value as at March 31, 2024 712 345 - 114 226 1,397 |\n| Estimated Useful Life (in years) 1-15 3-10 - 3-10 3-7 |\n| Estimated Remaining Useful Life (in years) 1-10 1-5 - 1-6 1-4 |\n| * Majorly includes intangibles related to vendor relationships |\n| The amortization expense has been included under depreciation and amortization expense under cost of sales in the consolidated statement of comprehensive income. |\n| ResearchanddevelopmentexpenserecognizedinnetprofitintheconsolidatedstatementofcomprehensiveincomeforthethreemonthsendedMarch31,2025and |\n| March 31, 2024 was ₹350 crore and ₹281 crore respectively, and for the year ended March 31, 2025 and March 31, 2024 was ₹1296 crore and ₹1,118 crore |\n| respectively. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 135, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "95cef1d66023dfda", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 136\n\n| X13AO2.10 Business combinations |\n|---|\n| Accounting policy |\n| Business combinations have been accounted for using the acquisition method under the provisions of IFRS 3 (Revised), Business Combinations. |\n| Thepurchasepriceinanacquisitionismeasuredatthefairvalueoftheassetstransferred,equityinstrumentsissuedandliabilitiesincurredor |\n| assumedatthedateofacquisition,whichisthedateonwhichcontrolistransferredtotheGroup.Thepurchasepricealsoincludesthefairvalue |\n| of any contingent consideration. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are |\n| measuredinitiallyattheirfairvalueonthedateofacquisition.Contingentconsiderationisremeasuredatfairvalueateachreportingdateand |\n| changes in the fair value of the contingent consideration are recognized in the interim Consolidated Statement of Comprehensive Income. |\n| Theinterestofnon-controllingshareholdersisinitiallymeasuredeitheratfairvalueoratthenon-controllinginterests’proportionateshareofthe |\n| acquiree’sidentifiablenetassets.Thechoiceofmeasurementbasisismadeonanacquisition-by-acquisitionbasis.Subsequenttoacquisition,the |\n| carrying amount of non-controlling interests is the amount of those interests at initial recognition plus the non-controlling interests’ share of |\n| subsequent changes in equity of subsidiaries. |\n| BusinesscombinationsbetweenentitiesundercommoncontrolisoutsidethescopeofIFRS3(Revised),BusinessCombinationsandisaccounted |\n| for at carrying value of assets acquired and liabilities assumed. |\n| ThepaymentsrelatedtooptionsissuedbytheGroupoverthenon-controllinginterestsinitssubsidiariesareaccountedasfinancialliabilitiesand |\n| initiallyrecognizedattheestimatedpresentvalueofgrossobligations.Suchoptionsaresubsequentlymeasuredatfairvalueinordertoreflectthe |\n| amount payableunderthe option at thedate at which it becomes exercisable. In theevent that the option expires unexercised, the liabilityis |\n| derecognized. |\n| Acquisition during the year ended 31 March 2025 |\n| InSemi |\n| OnMay10,2024,InfosysLtdacquired100%votinginterestsinInSemiTechnologyServicesPrivateLimited,asemiconductordesignservices |\n| company headquartered in India. This acquisition is expected to strengthen our expertise in semiconductor ecosystem and Engineering R&D |\n| services. |\n| Thepurchasepriceisallocatedtoassetsacquiredandliabilitiesassumedbasedupondeterminationoffairvalues atthedateofacquisition as |\n| follows: |\n| (In ₹ crore) |\n| Component Acquiree's Fair value Purchase price |\n| carrying amount adjustments allocated |\n| Net Assets(1) 4 0 - 4 0 |\n| Intangible assets : Customer related - 6 0 6 0 Brand - 1 3 1 3 |\n| Deferred tax liabilities on intangible assets - ( 18) ( 18) Total 9 5 Goodwill 1 03 Total purchase price 1 98 |\n| (1)Includes cash and cash equivalents acquired of ₹ 41 crore. |\n| The excess of the purchase consideration paid over the fair value of assets acquired has been attributed to goodwill. The primary items that |\n| generated this goodwill are the value of the acquired assembled workforce and estimated synergies, neither of which qualify as an intangible asset. |\n| Goodwill is not tax-deductible. |\n| Thepurchaseconsiderationof₹198croreincludescashof₹168croreandcontingentconsiderationwithanestimatedfairvalueof₹30croreason |\n| the date of acquisition. |\n| Attheacquisitiondate,thekeyinputsusedindeterminationofthefairvalueofcontingentconsiderationaretheprobabilitiesassignedtowards |\n| achievementoffinancialtargetsanddiscountrateof5.9%.TheundiscountedvalueofcontingentconsiderationasofMarch31,2025was₹33 |\n| crore. |\n| Additionally,thisacquisitionhasretentionbonusandmanagementincentivepayabletotheemployeesoftheacquireeoverthreeyears,subjectto |\n| theircontinuousemploymentwiththeGroupandachievementoffinancialtargetsfortherespectiveyears.Bonusandincentivesarerecognizedin |\n| employee benefit expenses in the Consolidated Statement of Comprehensive Income over the period of service. |\n| Fair value of trade receivables acquired is ₹32 crore as of acquisition date and as of March 31, 2025 the amounts are substantially collected. |\n| TransactioncoststhattheGroupincursinconnectionwithabusinesscombinationsuchasfinder’sfees,legalfees,duediligencefees,andother |\n| professionalandconsultingfeesareexpensedasincurred.Thetransactioncostsof₹2crorerelatedtotheacquisitionhavebeenincludedunder |\n| administrative expenses in the Consolidated Statement of Comprehensive Income for the three months ended June 30, 2024. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 136, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "c35672594479fcf8", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 137\n\n| in-tech Holding GmbH |\n|---|\n| On July17, 2024, Infosys GermanyGmbH whollyowned step down subsidiaryof Infosys Limited acquired 100% voting interests in in-tech |\n| HoldingGmbH,aleadingproviderofengineeringR&DservicesheadquarteredinGermany.ThisacquisitionisexpectedtostrengthenInfosys’ |\n| engineering R&D capabilities and reaffirms its continued commitment to global clients to navigate their digital engineering journey. |\n| Thepurchasepriceisallocatedtoassetsacquiredandliabilitiesassumedbasedupondeterminationoffairvalues atthedateofacquisition as |\n| follows: |\n| (In ₹ crore) |\n| Component Acquiree's Fair value Purchase price |\n| carrying amount adjustments allocated |\n| Assets(1) 7 31 - 731 |\n| Liabilities ( 364) - ( 364) |\n| Intangible assets: |\n| Customer related - 1,720 1,720 |\n| Brand - 147 147 |\n| Deferred tax liabilities on intangible assets - ( 511) ( 511) |\n| Goodwill 2,490 |\n| Loan ( 985) - ( 985) |\n| Total purchase price 3,228 |\n| Loan repayment 985 |\n| Total cash outflow 4,213 |\n| (1)Includes cash and cash equivalents acquired of ₹197 crore. |\n| The excess of the purchase consideration paid over the fair value of assets acquired has been attributed to goodwill. The primary items that |\n| generated this goodwill are the value of the acquired assembled workforce and estimated synergies, neither of which qualify as an intangible asset. |\n| Goodwill is not tax-deductible. |\n| The total purchase consideration of EUR 356 million (₹3,228 crore) comprises the cash consideration paid to selling shareholders at the |\n| acquisition date. |\n| Additionally, this acquisition has retention bonus and management incentivepayableto theemployees ofthe acquireeover twoto fiveyears, |\n| subjecttotheircontinuousemploymentwiththeGroupandachievementoffinancialtargetsfortherespectiveyears.Bonusandincentivesare |\n| recognized in employee benefit expenses in the Statement of Comprehensive Income over the period of service. |\n| Fair value of trade receivables acquired is ₹139 crore as of acquisition date and as of March 31, 2025 the amounts are substantially collected. |\n| TransactioncoststhattheGroupincursinconnectionwithabusinesscombinationsuchasfinder’sfees,legalfees,duediligencefees,andother |\n| professionalandconsultingfeesareexpensedasincurred.Thetransactioncostsof₹4crorerelatedtotheacquisitionhavebeenincludedunder |\n| administrative expenses in the Consolidated Statement of Comprehensive Income for the quarter ended September 30, 2024. |\n| Proposed acquisitions |\n| OnApril17,2025,InfosysSingaporePteLtd.,awholly-ownedstepdownsubsidiaryofInfosysLimited,enteredintoadefinitiveagreementto |\n| acquire 100% of the equity share capital of The Missing Link, a leading Cybersecurity service provider headquartered in Australia, for a |\n| considerationincludingearn-outsamountinguptoAUD98million(approximately₹527crore),excludingmanagementincentives,andretention |\n| bonus, subject to customary closing adjustments. |\n| OnApril17,2025,InfosysNovaHoldingsLLC,awholly-ownedstepdownsubsidiaryofInfosysLimited,enteredintoadefinitiveagreementto |\n| acquire 100% of the partnership interests of MRE Consulting Ltd, a leading Energy Consulting company, headquartered in USA, for a |\n| consideration including earn-outs amounting up to $36 million (approximately ₹308 crore) , excluding management incentives, and retention |\n| bonus,subjecttocustomaryclosingadjustments.Toconsummatethistransaction,InfosysNovaHoldingsLLChassimultaneouslyincorporated |\n| an entity Infosys Energy Consulting Services LLC. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 137, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "2cc28fdd69138d26", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 138\n\n| X14AO2.11 Employees' Stock Option Plans (ESOP) |\n|---|\n| Accounting Policy TheGrouprecognizescompensationexpenserelatingtoshare-basedpaymentsinnetprofitbasedonestimatedfair-valuesoftheawardsonthegrant date.Theestimatedfairvalueofawardsisrecognizedasanexpenseinnetprofitintheinterimconsolidatedstatementofcomprehensiveincomeona |\n| straight-linebasisovertherequisiteserviceperiodforeachseparatelyvestingportionoftheawardasiftheawardwasin-substance,multipleawards with a corresponding increase to share premium. |\n| Infosys Expanded Stock Ownership Program 2019 (the 2019 Plan): OnJune22,2019pursuanttotheapprovalbytheshareholdersintheAnnualGeneralMeeting,theBoardhasbeenauthorizedtointroduce,offer,issue andprovideshare-basedincentivestoeligibleemployeesoftheCompanyanditssubsidiariesunderthe2019Plan.Themaximumnumberofshares underthe2019planshallnotexceed50,000,000equityshares.Toimplementthe2019Plan,upto45,000,000equitysharesmaybeissuedbywayof secondaryacquisitionofsharesbytheInfosysExpandedStockOwnershipTrust. The RestrictedStockUnits(RSUs)grantedunderthe2019plan |\n| shallvestbasedontheachievementofdefinedannualperformanceparametersasdeterminedbytheadministrator(NominationandRemuneration Committee).TheperformanceparameterswillbebasedonacombinationofrelativeTotalShareholderReturn(TSR)againstselectedindustrypeers andcertainbroadermarketdomesticandglobalindicesandoperatingperformancemetricsofthecompanyasdecidedbyadministrator. Eachofthe above performanceparameterswillbedistinctforthepurposesofcalculationofquantityofsharestovestbasedonperformance.Theseinstruments will generally vest between a minimum of 1 to maximum of 3 years from the grant date. |\n| 2015 Stock Incentive Compensation Plan (the 2015 Plan): OnMarch31,2016,pursuanttotheapprovalbytheshareholdersthroughpostalballot,theBoardwasauthorizedtointroduce,offer,issueandallot share-basedincentivestoeligibleemployeesoftheCompanyanditssubsidiariesunderthe2015StockIncentiveCompensationPlan.Themaximum |\n| numberofsharesunderthe2015planshallnotexceed24,038,883equityshares(thisincludes11,223,576equityshareswhichareheldbythetrust towardsthe2011PlanasatMarch31,2016).Theseinstrumentswillgenerallyvestoveraperiodof4years.Theplannumbersmentionedaboveare further adjusted with the September 2018 bonus issue. TheequitysettledandcashsettledRSUsandstockoptionswouldvestgenerallyoveraperiodof4yearsandshallbeexercisablewithintheperiodas |\n| approvedbytheNominationandRemunerationCommittee(NARC).TheexercisepriceoftheRSUswillbeequaltotheparvalueofthesharesand the exercise price of the stock options would be the market price as on the date of grant. Controlledtrustholds96,55,927and10,916,829sharesasatMarch31,2025andMarch31,2024,respectivelyunderthe2015plan,outofwhich |\n| 200,000 equity shares each have been earmarked for welfare activities of the employees as at March 31, 2025 and March 31, 2024. The following is the summary of grants made during the three months and year ended March 31, 2025 and March 31, 2024: 2019 Plan 2015 Plan Three months ended Year ended Three months ended Year ended Particulars March 31, March 31, March 31, March 31, 2025 2024 2025 2024 2025 2024 2025 2024 |\n| Equity settled RSUs Key Management Personnel (KMP) 49,000 26,900 119,699 141,171 85,674 77,094 380,842 498,730 Employees other than KMP 3,617,798 3,582,471 3,624,646 4,046,731 1,722,470 3,442,700 1,874,690 4,640,640 Total Grants 3,666,798 3,609,371 3,744,345 4,187,902 1,808,144 3,519,794 2,255,532 5,139,370 Cash settled RSUs Key Management Personnel (KMP) - - - - - - - - Employees other than KMP |\n| - - - - 94,050 169,040 94,050 176,990 - - - - 94,050 169,040 94,050 176,990 Total Grants 3,666,798 3,609,371 3,744,345 4,187,902 1,902,194 3,688,834 2,349,582 5,316,360 |\n| Notes on grants to KMP: |\n| CEO & MD |\n| Under the 2015 plan: TheBoard,onApril18,2024,basedontherecommendationsoftheNominationandRemunerationCommitteeapprovedthefollowinggrantsfor |\n| fiscal 2025. In accordance with such approval the following grants were made effective May 2, 2024. - 245,679 performance-based RSUs (Annual performance equity grant) of fair value of ₹34.75 crore. These RSUs will vest in line with the |\n| employment agreement based on achievement of certain performance targets. -14,140performance-basedgrantofRSUs(AnnualperformanceequityESGgrant)offairvalueof₹2crore.TheseRSUswillvestinlinewiththe |\n| employment agreement based on achievement of certain environment, social and governance milestones as determined by the Board. -35,349performance-basedgrantofRSUs(AnnualperformanceEquityTSRgrant)offairvalueof₹5crore.TheseRSUswillvestinlinewiththe |\n| employment agreement based on Company’s performance on cumulative relative TSR over the years and as determined by the Board. Further,inaccordancewiththeemployeeagreementwhichhasbeenapprovedbytheshareholders,theCEOiseligibletoreceiveanannualgrantof RSUsoffairvalue₹3crorewhichwillvestovertimeinthreeequalannualinstallmentsuponthecompletionofeachyearofservicefromtherespective |\n| grant date. Accordingly, annual time-based grant of 16,204 RSUs was made effective February 1, 2025 for fiscal 2025. ThoughtheannualtimebasedgrantsandannualperformanceequityTSRgrantfortheremainingemploymenttermendingonMarch31,2027have notbeengrantedasofMarch31,2025,sincetheservicecommencementdateprecedesthegrantdate,thecompanyhasrecordedemploymentstock |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 138, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "1e54a00fdb1331e7", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 139\n\n| Accordingly, 70,699 performance based RSU’s were granted effective May 2, 2024. |\n|---|\n| Other KMP |\n| Under the 2015 plan: DuringtheyearendedMarch31,2025,basedon recommendationsofNominationandRemunerationCommittee,theBoardapproved69,470time |\n| based RSUs to other KMP under the 2015 plan. Time based RSUs will vest over four years. Under the 2019 plan: DuringtheyearendedMarch31,2025,basedon recommendationsofNominationandRemunerationCommittee,theBoardapprovedperformance |\n| basedgrantsof49,000 RSUstootherKMPsunderthe2019plan.TheseRSUswillvestoverthreeyearsbasedonachievementofcertainperformance targets. The break-up of employee stock compensation expense is as follows: (in ₹ crore) Three months ended Year ended March 31, Particulars March 31, 2025 2024 2025 2024 |\n| Granted to: KMP 18 17 70 68 Employees other than KMP 180 208 732 584 Total (1) 198 225 802 652 (1) |\n| Cash settled stock compensation expense included in the above 3 4 17 13 |\n| The activity in the 2015 and 2019 plan for equity-settled share based payment transactions is set out as follows: Three months ended Three months ended Year ended March 31, Year ended March 31, March 31, 2025 March 31, 2024 2025 2024 Particulars Shares Weighted Shares Weighted Shares Weighted Shares Weighted average average average average arising out arising out arising out arising out exercise exercise exercise exercise price of options of options of options of options price (₹) price (₹) price (₹) (₹) 2015 Plan: RSU |\n| Outstanding at the beginning 6,577,588 5.00 5,154,236 5.00 8,076,058 5.00 5,408,018 5.00 Granted 1,808,144 5.00 3,519,794 5.00 2,255,532 5.00 5,139,370 5.00 Exercised 886,884 5.00 471,536 5.00 2,080,865 5.00 1,815,025 5.00 Forfeited and expired 239,384 5.00 126,436 5.00 991,261 5.00 656,305 5.00 Outstanding at the end 7,259,464 5.00 8,076,058 5.00 7,259,464 5.00 8,076,058 5.00 Exercisable at the end 629,138 4.97 831,050 4.98 629,138 4.97 831,050 4.98 2015 Plan: Employee Stock Options (ESOPs) Outstanding at the beginning 17,554 499 82,050 551 82,050 551 134,030 529 Granted - - - - - - - - Exercised - - - - 61,672 573 51,980 499 |\n| Forfeited and expired - - - - 2,824 499 - - Outstanding at the end 17,554 499 82,050 551 17,554 499 82,050 551 Exercisable at the end 17,554 499 82,050 551 17,554 499 82,050 551 2019 Plan: RSU Outstanding at the beginning 6,567,358 5.00 5,845,282 5.00 8,023,855 5.00 7,222,038 5.00 Granted 3,666,798 5.00 3,609,371 5.00 3,744,345 5.00 4,187,902 5.00 Exercised 638,563 5.00 281,010 5.00 1,514,356 5.00 1,695,705 5.00 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 139, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "a9163a26f2709d69", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 140\n\n| Particulars March 31, March 31, March 31, March 31, 2025 2024 2025 2024 2025 2024 2025 2024 Weighted average share price of 1,629 1,600 1,587 1,352 1,663 1,630 1,601 1,414 options exercised |\n|---|\n| The summary of information about equity settled RSUs and ESOPs outstanding as at March 31, 2025 is as follows: 2019 plan - Options outstanding 2015 plan - Options outstanding Weighted Weighted No. of Weighted No. of Weighted average average shares average shares average Range of exercise prices per share (₹) remaining remaining arising out exercise arising out exercise price |\n| contractual contractual of options price (₹) of options (₹) life life 0 - 5 (RSU) 8,072,635 1.23 5.00 7,259,464 1.51 5.00 450 - 640 (ESOP) - - - 17,554 0.58 499 |\n| The summary of information about equity settled RSUs and ESOPs outstanding as at March 31, 2024 was as follows: 2019 plan - Options outstanding 2015 plan - Options outstanding Weighted Weighted No. of Weighted No. of Weighted average average shares average shares average Range of exercise prices per share (₹) remaining remaining arising out exercise arising out exercise price |\n| contractual contractual of options price (₹) of options (₹) life life 0 - 5 (RSU) 8,023,855 1.42 5.00 8,076,058 1.77 5.00 450 - 640 (ESOP) - - - 82,050 1.10 551 AsatMarch31,2025andMarch31,2024,2,88,384and2,91,795cashsettledoptionswereoutstandingrespectively.Thecarryingvalueofliability |\n| towards cash settled share based payments was ₹18 crore and ₹13 crore as at March 31, 2025 and March 31, 2024 respectively. ThefairvalueoftheawardsareestimatedusingtheBlack-ScholesModelfortimeandnon-marketperformancebasedoptionsandMonteCarlo |\n| simulation model is used for TSR based options. Theinputstothemodelincludethesharepriceatdateofgrant,exerciseprice,expectedvolatility,expecteddividends,expectedtermandtheriskfree rate ofinterest.Expected volatilityduringtheexpected termoftheoptions is based on historical volatilityoftheobserved market prices ofthe Company's publiclytraded equityshares during a period equivalent to the expected term of the options. Expected volatilityof the comparative |\n| companyhavebeenmodelledbasedonhistoricalmovementsinthemarketpricesoftheirpubliclytradedequitysharesduringaperiodequivalentto theexpectedtermoftheoptions.Correlationcoefficientiscalculatedbetweeneachpeerentityandtheindicesasawholeorbetweeneachentityinthe peer group. |\n| The fair value of each equity settled award is estimated on the date of grant using the following assumptions: Particulars For options granted in Fiscal 2025- Fiscal 2025- Fiscal 2024- Fiscal 2024- Equity ADS-RSU Equity ADS-RSU Shares- Shares-RSU RSU Weighted average share price (₹) / ($ ADS) 1,808 21.44 1,588 19.19 |\n| Exercise price (₹)/ ($ ADS) 5.00 0.07 5.00 0.07 Expected volatility (%) 21-26 23-28 23-31 25-33 Expected life of the option (years) 1-4 1-4 1-4 1-4 Expected dividends (%) 2-3 2-3 2-3 2-3 Risk-free interest rate (%) 7 4-5 7 4-5 Weighted average fair value as on grant date (₹) / ($ ADS) 1,555 18.20 1,317 16.27 TheexpectedlifeoftheRSU/ESOPisestimatedbasedonthevestingtermandcontractualtermoftheRSU/ESOP,aswellasexpectedexercise |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 140, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "df8bd3d9cad7dd05", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 141\n\n| 2.12 Income Taxes |\n|---|\n| Accounting policy Income taxexpense comprises current and deferred income tax. Income taxexpense is recognized in netprofit in the interim Consolidated Statement of Comprehensiveincomeexcepttotheextentthatitrelatestoitemsrecognizeddirectlyinequity,inwhichcaseitisrecognizedinequityorothercomprehensive income.Currentincometaxforcurrentandpriorperiodsisrecognizedattheamountexpectedtobepaidtoorrecoveredfromthetaxauthorities,usingthetaxrates andtaxlawsthathavebeenenactedorsubstantivelyenactedbytheBalanceSheetdate.Deferredincometaxassetsandliabilitiesarerecognizedforalltemporary |\n| differencesarisingbetweenthetaxbasesofassetsandliabilitiesandtheircarryingamountsinthefinancialstatementsexceptwhenthedeferredincometaxarises fromtheinitialrecognitionofgoodwilloranassetorliabilityinatransactionthatisnotabusinesscombinationandaffectsneitheraccountingnortaxableprofitor lossatthetimeofthetransaction.Deferredtaxassetsarereviewedateachreportingdateandarereducedtotheextentthatitisnolongerprobablethattherelated tax benefit will be realized. DeferredincometaxassetsandliabilitiesaremeasuredusingtaxratesandtaxlawsthathavebeenenactedorsubstantivelyenactedbytheBalanceSheetdateand areexpectedtoapplytotaxableincomeintheyearsinwhichthosetemporarydifferencesareexpectedtoberecoveredorsettled.Theeffectofchangesintaxrates ondeferredincometaxassetsandliabilitiesisrecognizedasincomeorexpenseintheperiodthatincludestheenactmentorthesubstantiveenactmentdate.A |\n| deferredincometaxassetisrecognizedtotheextentthatitisprobablethatfuturetaxableprofitwillbeavailableagainstwhichthedeductibletemporarydifferences andtaxlossescanbeutilized.Deferredincometaxesarenotprovidedontheundistributedearningsofsubsidiariesandbrancheswhereitisexpectedthatthe earnings of the subsidiary or branch will not be distributed in the foreseeable future. TheGroupoffsetscurrenttaxassetsandcurrenttaxliabilities;deferredtaxassetsanddeferredtaxliabilities,whereithasalegallyenforceablerighttosetoffthe recognizedamountsandwhereitintendseithertosettleonanetbasis,ortorealizetheassetandsettletheliabilitysimultaneously.Theincometaxprovisionforthe |\n| interimperiodismadebasedonthebestestimateoftheannualaveragetaxrateexpectedtobeapplicableforthefullfinancialyear.Taxbenefitsofdeductions earned on exercise of employee share options in excess of compensation charged to income are credited to equity. |\n| Income tax expense in the consolidated statement of comprehensive income comprises: Three months ended March 31, Year ended March 31, Particulars 2025 2024 2025 2024 Current taxes Domestic taxes 2,114 1,021 9,207 6,346 Foreign taxes 670 152 2,923 2,044 |\n| 2,784 1,173 12,130 8,390 Deferred taxes Domestic taxes (229) 950 (933) 1,498 Foreign taxes 70 142 (339) (148) (159) 1,092 (1,272) 1,350 Income tax expense 2,625 2,265 10,858 9,740 A reconciliation of the income tax provision to the amount computed by applying the statutory income tax rate to the income before income taxes is summarized below: (In ₹ crore) Particulars Year ended March 31, 2025 2024 Profit before income taxes 37,608 35,988 Enacted tax rates in India 25.17% 34.94% Computed expected tax expense 9,465 12,576 Tax effect due to non-taxable income for Indian tax purposes - (3,009) Overseas taxes |\n| 1,109 1,128 Tax provision (reversals) 132 (937) Effect of exempt non-operating income (31) (49) Effect of unrecognized deferred tax assets 161 203 Effect of differential tax rates (79) (568) Effect of non-deductible expenses 276 165 Others (175) 231 Income tax expense 10,858 9,740 The applicable Indian corporate statutory tax rate for the year ended March 31, 2025 is 25.17% and for the year ended March 31, 2024 is 34.94%. IncometaxexpenseforthethreemonthsendedMarch31,2025andMarch31,2024includesreversals(netofprovisions)of₹117croreand ₹871crore,respectively.Incometax expensefortheyearended March31,2025andMarch31,2024includesprovisions(netofreversal)of₹132croreandreversal (netofprovisions)of₹937crore,respectively. |\n| Theseprovisionsandreversalspertainingtopriorperiodsareprimarilyonaccountofadjudicationofcertaindisputedmatters,uponfilingoftaxreturnandcompletionof assessments, across various jurisdictions. DuringthequarterandyearendedMarch31,2025,theCompanyreceivedordersundersection250oftheIncomeTaxAct,1961,fromtheIncomeTaxAuthoritiesinIndiaforthe assessmentyears,2016-17and2019-20.TheseordersconfirmedtheCompany'spositionwithrespecttotaxtreatmentofcertaincontentiousmatters.Asaresultinterestincome |\n| (pre-tax)of₹327crorewasrecognisedandprovisionforincometaxaggregating₹183crorewasreversedwithacorrespondingcredittotheStatementofProfitandLoss.Also, upon resolution of the disputes, an amount aggregating to ₹1,068 crore has been reduced from contingent liabilities. DuringtheyearendedMarch31,2024,theCompanyreceivedordersundersections250and254oftheIncomeTaxAct,1961,fromtheIncomeTaxAuthoritiesinIndiaforthe assessmentyears,2007-08to2015-16,2017-18and2018-19.TheseordersconfirmedtheCompany'spositionwithrespecttotaxtreatmentofcertaincontentiousmatters.Asa |\n| resultinterestincome(pre-tax)of₹1,933crorewasrecognisedandprovisionforincometaxaggregating₹525crorewasreversedwithacorrespondingcredittotheStatementof Comprehensive Income. Also, upon resolution of the disputes, an amount aggregating to ₹ 1,628 crore has been reduced from contingent liabilities. Theforeigntaxexpenseisduetoincometaxespayableoverseas,principallyintheUnitedStates.InIndia,theCompanyhasbenefitedfromcertainincometaxincentivesthatthe GovernmentofIndiahadprovidedforexportofsoftwareandservicesfromtheunitsregisteredundertheSpecialEconomicZonesAct(SEZs),2005intheprioryears.SEZunits whichbegantheprovisionofservicesonorafterApril1,2005areeligibleforadeductionof100% ofprofitsorgainsderivedfromtheexportofservicesforthefirstfiveyears |\n| fromthefinancialyearinwhichtheunitcommencedtheprovisionofservicesand50%ofsuchprofitsorgainsforfurtherfiveyears.Upto50%ofsuchprofitsorgainsisalso availableforafurtherfiveyearssubjecttocreationofaSpecialEconomicZonere-investmentReserveoutoftheprofitfortheeligibleSEZunitsandutilizationofsuchreserveby theCompanyforacquiringnewplantandmachineryforthepurposeofitsbusinessaspertheprovisionsoftheIncomeTaxAct,1961.(RefertoSpecialEconomicZoneRe- investment reserve under Note 2.18 Equity). |\n| Deferred income tax for the three months and year ended March 31, 2025 and March 31, 2024 substantially relates to origination and reversal of temporary differences. Infosysissubjecttoa15%BranchProfitTax(BPT)intheU.S.totheextentitsU.S.branch'snetprofitduringtheyearisgreaterthantheincreaseinthenetassetsoftheU.S. branchduringtheyear,computedinaccordancewiththeInternalRevenueCode.AsatMarch31,2025,Infosys'U.S.branchnetassetsamountedtoapproximately₹7,755crore. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 141, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d5272468079c1f9d", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 142\n\n| temporarydifferenceswillnotreverseintheforeseeablefuture.TheGroupmajorlyintendstorepatriateearningsfromsubsidiariesandbranchesonlytotheextentthesecanbe distributed in a tax-free manner. Deferredincometaxassetshavenotbeenrecognizedonaccumulatedlossesof₹4,597croreand₹4,668croreasatMarch31,2025andMarch31,2024,respectively,asitis |\n|---|\n| probable that future taxable profit will be not available against which the unused tax losses can be utilized in the foreseeable future. The following table provides details of expiration of unused tax losses as at March 31, 2025: (In ₹ crore) Year As at March 31, 2025 2026 209 2027 140 2028 508 2029 686 2030 443 Thereafter 2,611 Total 4,597 |\n| The following table provides details of expiration of unused tax losses as at March 31, 2024: (In ₹ crore) Year As at March 31, 2024 2025 13 2026 202 2027 128 2028 467 2029 684 Thereafter 3,174 Total 4,668 The following table provides the details of income tax assets and income tax liabilities as at March 31, 2025 and March 31, 2024: (In ₹ crore) Particulars As at March 31, 2025 March 31, 2024 |\n| Income tax assets 4,597 9,442 Current income tax liabilities 4,853 3,585 Net current income tax asset / (liabilities) at the end (256) 5,857 The gross movement in the current income tax asset/ (liabilities) for the three months and year ended March 31, 2025 and March 31, 2024 is as follows: (In ₹ crore) Particulars Three months ended Year ended March 31, March 31, 2025 2024 2025 2024 Net current income tax asset/ (liabilities) at the beginning (591) 3,005 5,857 3,075 Income tax paid* 2,738 2,085 5,602 9,231 |\n| Interest receivable on income tax refund 327 1,934 327 1,934 Current income tax expense (2,784) (1,173) (12,130) (8,390) Income tax benefit arising on exercise of stock options 27 3 39 3 Additions through business combination - - (1) - Income tax on other comprehensive income 8 2 19 4 Translation differences 19 1 31 - Net current income tax asset/ (liabilities) at the end ( 256) 5,857 ( 256) 5,857 * net of refund The movement in gross deferred income tax assets / (liabilities) (before set off) for the three months ended March 31, 2025 is as follows: (In ₹ crore) Particulars Carrying Changes through Addition through Changes Translation Carrying value as at |\n| value as at profit and loss business through OCI difference March 31, 2025 January combination 1, 2025 Deferred income tax assets/(liabilities) Property, plant and equipment 245 (4) - - (2) 239 Lease liabilities 185 (32) - - 1 154 Accrued compensation to employees 59 20 - - 1 80 Trade receivables 239 (20) - - 1 220 Compensated absences 689 15 - - 2 706 Post sales client support 84 (15) - - (1) 68 Credits related to branch profits 614 178 - - (1) 791 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 142, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "3b67a81d648eecb8", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 143\n\n| value as at profit and loss business through OCI difference March 31, 2024 January combination 1, 2024 Deferred income tax assets/(liabilities) Property, plant and equipment 231 12 - - 1 244 Lease liabilities 215 (17) - - - 198 Accrued compensation to employees 57 5 - - - 62 Trade receivables 242 (19) - - - 223 Compensated absences 655 (28) - - - 627 Post sales client support 250 (194) - - - 56 Credits related to branch profits 537 273 - - 1 811 |\n|---|\n| Derivative financial instruments 24 (26) - (9) - (11) Intangible assets 64 - - - - 64 Intangibles arising on business combinations (301) 15 - - 4 (282) Branch profit tax (638) (440) - - (2) (1,080) SEZ reinvestment reserve (1,798) (198) - - - (1,996) Interest receivable on income tax refund - (487) - - - (487) Others 222 12 - (3) - 231 Total deferred income tax assets/(liabilities) (240) (1,092) - (12) 4 (1,340) The movement in gross deferred income tax assets / (liabilities) (before set off) for the year ended March 31, 2025 is as follows: (In ₹ crore) Particulars Carrying Changes through Addition through Changes Translation Carrying value as at value as at profit and loss business through OCI difference March 31, 2025 April 1, combination 2024 Deferred income tax assets/(liabilities) Property, plant and equipment 244 (4) - - (1) 239 Lease liabilities 198 (45) - - 1 154 Accrued compensation to employees 62 18 - - - 80 Trade receivables 223 (3) - - - 220 |\n| Compensated absences 627 77 2 - - 706 Post sales client support 56 11 - - 1 68 Credits related to branch profits 811 (37) - - 17 791 Derivative financial instruments (11) (25) - 8 - (28) Intangible assets 64 5 - - 2 71 Intangibles arising on business combinations (282) 141 (529) - (14) (684) Branch profit tax (1,080) 41 - - (23) (1,062) SEZ reinvestment reserve (1,996) 563 - - - (1,433) Interest receivable on income tax refund (487) 416 - - - (71) Others 231 114 9 (22) 3 335 Total deferred income tax assets/(liabilities) (1,340) 1,272 (518) (14) (14) (614) The movement in gross deferred income tax assets / liabilities (before set off) for the year ended March 31, 2024 is as follows: (In ₹ crore) Particulars Carrying Changes Addition through Impact on account Changes Translation Carrying value as at value as through business of IAS 37 adoption through OCI difference March 31, 2024 at April 1, profit and combination 2024 loss Deferred income tax assets/(liabilities) Property, plant and equipment 169 75 - - - - 244 Lease liabilities 223 (25) - - - - 198 Accrued compensation to employees 68 (6) - - - - 62 Trade receivables 261 (40) - - - 2 223 |\n| Compensated absences 576 50 - - - 1 627 Post sales client support 248 (192) - - - - 56 Credits related to branch profits 718 84 - - - 9 811 Derivative financial instruments - (7) - - (4) - (11) Intangible assets 62 1 - - - 1 64 Intangibles arising on business combinations (344) 63 - - - (1) (282) Branch profit tax (866) (202) - - - (12) (1,080) SEZ reinvestment reserve (1,351) (645) - - - - (1,996) Interest receivable on income tax refund - (487) - - - - (487) Others 261 (19) - - (4) (7) 231 Total deferred income tax assets/(liabilities) 25 (1,350) - - (8) (7) (1,340) The deferred income tax assets and liabilities are as follows: (In ₹ crore) Particulars As at |\n| March 31, 2025 March 31, 2024 Deferred income tax assets after set off 1,108 454 Deferred income tax liabilities after set off (1,722) (1,794) Inassessingtherealizabilityofdeferredincometaxassets,themanagementconsiderswhethersomeportionorallofthedeferredincometaxassetswillnotberealized.The ultimaterealizationofdeferredincometaxassetsisdependentuponthegenerationoffuturetaxableincomeduringtheperiodsinwhichthetemporarydifferencesbecome deductible.TheManagementconsidersthescheduledreversalsofdeferredincometaxliabilities,projectedfuturetaxableincomeandtaxplanningstrategiesinmakingthis assessment.Basedonthelevelofhistoricaltaxableincomeandprojectionsforfuturetaxableincomeovertheperiodsinwhichthedeferredincometaxassetsaredeductible,the |\n| managementbelievesthattheGroupwillrealizethebenefitsofthosedeductibledifferences.Theamountofthedeferredincometaxassetsconsideredrealizable,however,couldbe reduced in the near term if estimates of future taxable income during the carry forward period are reduced. TheCompany’sAdvancedPricingArrangement(APA)withtheInternalRevenueService(IRS)forUSbranchincometaxexpiredinMarch2021.TheCompanyhasappliedfor renewal of APA and currently the US taxable income is based on the Company’s best estimate determined based on the expected value method. |\n| As at March 31, 2025, claims against the Group not acknowledged as debts from the Income tax authorities amounted to ₹ 1,933 crore. |\n| As at March 31, 2024, claims against the Group not acknowledged as debts from the Income tax authorities amounted to ₹2,794 crore. |\n| The amount paid to statutory authorities against the tax claims amounted to ₹4,199 crore and ₹8,743 crore as at March 31, 2025 and March 31, 2024, respectively. TheclaimsagainsttheGroupprimarilyrepresentdemandsarisingoncompletionofassessmentproceedingsundertheIncomeTaxAct,1961.Theseclaimsareonaccountofissues ofdisallowanceofexpendituretowardssoftwarebeingheldascapitalinnature,paymentsmadetoassociatedenterprisesheldasliableforwithholdingoftaxes,amongothers. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 143, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "e4d90c66bb35e3b2", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 144\n\n| 2.13 Earnings per equity share |\n|---|\n| Accounting Policy BasicearningsperequityshareiscomputedbydividingthenetprofitattributabletotheequityholdersoftheGroupbytheweightedaveragenumberofequityshares outstandingduringtheperiod.DilutedearningsperequityshareiscomputedbydividingthenetprofitattributabletotheequityholdersoftheGroupbytheweighted averagenumberofequitysharesconsideredforderivingbasicearningsperequityshareandalsotheweightedaveragenumberof equityshares thatcouldhavebeen |\n| issued uponconversion of alldilutivepotentialequityshares. Thedilutivepotentialequityshares areadjustedfor theproceeds receivablehad theequitysharesbeen actuallyissuedatfairvalue(i.e.theaveragemarketvalueoftheoutstandingequityshares).Dilutivepotentialequitysharesaredeemedconvertedasatthebeginningof the period, unless issued at a later date. Dilutive potential equity shares are determined independently for each period presented. The number of equityshares and potentiallydilutive equityshares are adjusted retrospectivelyfor all periods presented for any share splits and bonus shares issues |\n| including for changes effected prior to the approval of the financial statements by the Board of Directors. Three months ended March 31, Year ended March 31, Particulars 2025 2024 2025 2024 Profit attributable to equity holders of the Company (In ₹ Crores) 7,033 7,969 26,713 26,233 |\n| Basic earnings per equity share - weighted average number of equity shares outstanding(1) 4,142,429,577 4,139,432,133 4,141,611,738 4,138,568,090 Basic earnings per equity share (₹) 16.98 19.25 64.50 63.39 |\n| The following is a reconciliation of the equity shares used in the computation of basic and diluted earnings per equity share: Three months ended March 31, Year ended March 31, Particulars 2025 2024 2025 2024 Profit attributable to equity holders of the Company (In ₹ Crores) 7,033 7,969 26,713 26,233 |\n| Basic earnings per equity share - weighted average number of equity shares outstanding(1) 4,142,429,577 4,139,432,133 4,141,611,738 4,138,568,090 Effect of dilutive common equivalent shares - share options outstanding 9,107,744 5,620,237 10,439,446 6,112,335 Diluted earnings per equity share - weighted average number of equity shares and 4,151,537,321 4,145,052,370 4,152,051,184 4,144,680,425 common equivalent shares outstanding |\n| Diluted earnings per equity share (₹) 16.94 19.22 64.34 63.29 (1)excludes treasury shares |\n| For the three months ended March 31, 2025 and March 31, 2024, there were 14,270 and 4,36,473 options to purchase equity shares which had an anti-dilutive effect. |\n| For the years ended March 31, 2025 and March 31, 2024, there were 13,931 and 1,19,711 options to purchase equity shares which had an anti-dilutive effect. |\n| 2.14 Related party transactions |\n| List of related parties: Holdings as at Name of subsidiaries Country March 31, 2025 March 31, 2024 Infosys Technologies (China) Co. Limited (Infosys China)(1) China 100% 100% Infosys Technologies S. de R. L. de C. V. (Infosys Mexico)(1) Mexico 100% 100% Infosys Technologies (Sweden) AB (Infosys Sweden)(1) Sweden 100% 100% Infosys Technologies (Shanghai) Company Limited (Infosys Shanghai)(1) China 100% 100% EdgeVerve Systems Limited (EdgeVerve)(1) India 100% 100% Infosys Austria GmbH(1) Austria 100% 100% Skava Systems Private Limited (Skava Systems)(1)(35) India - 100% Infosys Chile SpA(1) Chile 100% 100% Infosys Arabia Limited(2)(20) Saudi Arabia 70% 70% Infosys Consulting Ltda.(1) Brazil 100% 100% |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 144, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "a6e65592bfe938c1", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 147\n\n| (26) On September 29, 2023, oddity space GmbH, oddity waves GmbH, oddity jungle GmbH, oddity group services GmbH and oddity code GmbH merged into WongDoodyGmbHandodditycoded.o.owhichwasformerlyasubsidiaryofodditycodeGmbhhasbecomeasubsidiaryofWongdoodyGmbh(formerlyknownas oddity GmbH). (27) Kaleidoscope Prototyping LLC, a Wholly-owned subsidiary of Kaleidoscope Animations is liquidated effective November 1, 2023 (28) On November 24, 2023 Stater Participations B.V (Wholly-owned subsidiary of Stater N.V) merged with Stater N.V and Stater Belgium N.V./S.A which was formerly a wholly owned subsidiary of Stater Participations B.V. became a wholly owned subsidiary of Stater N.V. (29) On March 15, 2024 Infosys BPM Canada Inc., a Wholly-owned subsidiary of Infosys BPM Limited got dissolved. (30) On May 10, 2024 Infosys Ltd. acquired 100% of voting interests in InSemi Technology Services Private Limited along with its subsidiary Elbrus Labs Private Limited (31) Incorporated on July 03, 2024 (32) Incorporated on July 26, 2024 (33)OnJuly17,2024,InfosysGermanyGmbH,awhollyownedsubsidiaryofInfosysSingaporePte.Limited,acquired100%ofvotinginterestsinin-techHoldingGmbH along with its subsidiary in-tech GmbH along with its six subsidiaries in-tech Automotive Engineering SL, ProIT, in-tech Automotive Engineering de R.L. de C.V, drivetech Fahrversuch GmbH, Friedrich Wagner Holding Inc along with its two subsidiaries (in-tech Automotive Engineering LLC and in-tech Services LLC) and Friedrich&WagnerAsiaPacificGmbHalongwithitsfivesubsidiariesin-techengineerings.r.o,in-techengineeringGmbH,in-techengineeringservicesS.R.L,in-tech Group Ltd along with its subsidiary(in-tech Group India Private Limited) and In-tech Automotive Engineering Shenyang Co., Ltd along with its subsidiary(In-tech Automotive Engineering Bejing Co., Ltd). Subsequently on September 01, 2024 in-tech Group India Private Limited became a wholly-owned subsidiary of Infosys limited. (34) On October 17, 2024, Infosys Singapore Pte Ltd. acquired 100% of voting interests in Blitz 24-893 SE (35) Liquidated effective November 14, 2024 |\n|---|\n| (36) Liquidated effective November 30, 2024 (37) WongDoody Inc, a wholly-owned subsidiary of Infosys limited merged into Infosys Nova Holdings LLC effective January 1, 2025 (38) Kaleidoscope Animations, Blue Acorn iCi Inc and Outbox systems Inc. dba Simplus (US) merged into Infosys Nova Holdings LLC effective January 1,2025 (39) in-tech Holding GmbH and Friedrich & Wagner Asia Pacific GmbH merged into in-tech GmbH effective January 1,2025 (40) Incorporated on December 12, 2024 (41) Incorporated on March 20, 2025 |\n| Particulars Country Nature of relationship Infosys Limited Employees' Gratuity Fund Trust India Post-employment benefit plan of Infosys Infosys Limited Employees' Provident Fund Trust India Post-employment benefit plan of Infosys Infosys Limited Employees' Superannuation Fund Trust India Post-employment benefit plan of Infosys Infosys BPM Limited Employees' Superannuation Fund Trust India Post-employment benefit plan of Infosys BPM Infosys BPM Limited Employees' Gratuity Fund Trust India Post-employment benefit plan of Infosys BPM EdgeVerve Systems Limited Employees' Gratuity Fund Trust India Post-employment benefit plan of EdgeVerve EdgeVerve Systems Limited Employees' Superannuation Fund Trust India Post-employment benefit plan of EdgeVerve |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 147, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "18445acf7c9ff947", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 148\n\n| List of key management personnel Whole-time Directors |  |\n|---|---|\n| Salil Parekh, Chief Executive Officer and Managing Director Non-whole-time Directors Nandan M. Nilekani D. Sundaram Micheal Gibbs Bobby Parikh |  |\n| Chitra Nayak Govind Iyer Helene Auriol Potier (appointed as independent director effective May 26, 2023) Nitin Paranjpe (appointed as an additional and independent director effective January 1, 202 Uri Levine (retired as independent director effective April 19, 2023) Executive Officers Inderpreet Sawhney, Chief Legal Officer and Chief Compliance Officer Jayesh Sanghrajka (appointed as Chief Financial Officer effective April 1, 2024) | 4) |\n| Nilanjan Roy (resigned as Chief Financial Officer of the Company effective March 31, 2024 Shaji Mathew , Chief Human Resources Officer Mohit Joshi (resigned as President effective March 11, 2023 and was on leave till June 9, 20 Company Secretary | ) 23 which was his last date with the Company) |\n| A.G.S. Manikantha |  |\n| Transactions with key management personnel The table below describes the compensation to key management personnel which comprise d | irectors and executive officers: |\n| Particulars Thr Salaries and other short term employee benefits to whole-time directors and (1)(2) | (In ₹ crore) ee months ended March 31, Year ended March 31, 2025 2024 2025 2024 33 30 118 113 |\n| executive officers Commission and other benefits to non-executive/ independent directors Total (1)ForthethreemonthsendedMarch31,2025andMarch31,2024,includesachargeof | 5 5 19 17 38 35 137 130 ₹18croreand₹17crorerespectively,towardsemployeestockcompensation |\n| expense.FortheyearendedMarch31,2025and March31,2024,includesachargeof expense. (Refer to note 2.11). (2) | ₹70croreand₹68crorerespectively,towardsemployeestockcompensation |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 148, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "b1a4dbddf819340a", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 149\n\n| X17AO2.15 Segment reporting |\n|---|\n| IFRS8OperatingSegmentsestablishesstandardsforthewaythatpublicbusinessenterprisesreportinformationaboutoperatingsegmentsandrelateddisclosuresabout productsandservices,geographicareas,andmajorcustomers.TheGroup'soperationspredominantlyrelatetoprovidingend-to-endbusinesssolutionstoenableclients |\n| toenhancebusinessperformance.TheChiefOperatingDecisionMaker(CODM)evaluatestheGroup'sperformanceandallocatesresourcesbasedonananalysisof variousperformanceindicatorsbybusinesssegments.Accordingly,informationhasbeenpresentedalongbusinesssegments.Theaccountingprinciplesusedinthe preparation of the financial statements are consistently applied to record revenue and expenditure in individual segments, and are as set out in the accounting policies. BusinesssegmentsoftheGroupareprimarilyenterprisesinFinancialServicesandInsurance,enterprisesinManufacturing,enterprisesinRetail,ConsumerPackaged GoodsandLogistics,enterprisesintheEnergy,Utilities,ResourcesandServices,enterprisesinCommunication,TelecomOEMandMedia,enterprisesinHi-Tech, |\n| enterprisesinLifeSciencesandHealthcareandallothersegments.TheFinancialservicesreportablesegmentshasbeenaggregatedtoincludetheFinancialServices operatingsegmentandFinacleoperatingsegmentbecauseofthesimilarityoftheeconomiccharacteristics.Allothersegmentsrepresentstheoperatingsegmentsof businesses in India, Japan, China, Infosys Public Services & other enterprises in Public Services. Revenueandidentifiableoperatingexpensesinrelationtosegmentsarecategorizedbasedonitemsthatareindividuallyidentifiabletothatsegment.Revenuefor'all othersegments'representsrevenuegeneratedbyInfosysPublicServicesandrevenuegeneratedfromcustomerslocatedinIndia,JapanandChinaandotherenterprises inPublicservices.AllocatedexpensesofsegmentsincludeexpensesincurredforrenderingservicesfromtheGroup'soffshoresoftwaredevelopmentcentersandon-site |\n| expenses,whicharecategorizedinrelationtotheassociatedeffortsofthesegment.Certainexpensessuchasdepreciationandamortization,whichformasignificant componentoftotalexpenses,arenotspecificallyallocabletospecificsegmentsastheunderlyingassetsareusedinterchangeably.TheManagementbelievesthatitisnot practicaltoprovidesegmentdisclosuresrelatingtothosecostsandexpenses,andaccordinglytheseexpensesareseparatelydisclosedas\"unallocated\"andadjusted against the total income of the Group. Assets and liabilities used in the Group's business are not identified to anyof the reportable segments, as these are used interchangeablybetween segments. The |\n| Managementbelieves thatit iscurrentlynotpracticable toprovide segmentdisclosures relatingtototalassets andliabilities sincea meaningfulsegregation ofthe available data is onerous. |\n| Business segment revenue information is collated based on individual customers invoiced or in relation to which the revenue is otherwise recognized. |\n| Disclosure of revenue by geographic locations is given in note 2.16 Revenue from operations. |\n| 2.15.1 Business segments Three months ended March 31, 2025 and March 31, 2024 |\n| (In ₹ crore) Particulars Financial Retail(2) Communic Energy, Manufact Hi-Tech Life All other Total |\n| Services(1) ation(3) Utilities, uring Sciences(4) segments(5) Resources and |\n| Services Revenue 11,614 5,440 4,798 5,308 6,527 3,397 2,765 1,076 40,925 |\n| 10,010 5,429 4,666 5,068 5,589 3,316 2,762 1,083 37,923 |\n| Identifiable operating expenses 6,665 2,736 3,074 2,771 4,182 2,005 1,639 613 23,685 |\n| 6,042 2,591 3,033 2,717 3,656 1,995 1,639 652 22,325 |\n| Allocated expenses 2,001 1,064 888 960 1,149 597 509 198 7,366 |\n| 2,027 974 823 920 852 518 491 209 6,814 Segment Profit 2,948 1,640 836 1,577 1,196 795 617 265 9,874 |\n| 1,941 1,864 810 1,431 1,081 803 632 222 8,784 Unallocable expenses 1,299 1,163 Operating profit |\n| 8,575 7,621 Other income, net 1,190 2,729 Finance cost 102 |\n| 110 Profit before income taxes 9,663 10,240 Income tax expense 2,625 2,265 Net profit 7,038 |\n| 7,975 Depreciation and amortization 1,299 1,163 Non-cash expenses other than depreciation and amortization - - (1) Financial Services include enterprises in Financial Services and Insurance (2) |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 149, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "af253b20a303e742", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 150\n\n| Particulars |  |  | Financial R | etail(2) Com | munic | Energy, | Manufact | Hi-Tech | Life | (In All other | ₹ crore) Total |\n|---|---|---|---|---|---|---|---|---|---|---|---|\n|  |  |  | Services(1) |  | ation(3) | Utilities, Resources and | uring |  | Sciences(4) | segments(5) |  |\n| Revenue |  |  | 45,175 | 22,059 | 19,108 | Services 21,710 | 25,207 | 13,090 | 11,831 | 4,810 | 162,990 |\n|  |  |  | 42,158 | 22,504 | 17,991 | 20,035 | 22,298 | 12,411 | 11,515 | 4,758 | 153,670 |\n| Identifiable operating | expenses |  | 25,871 | 10,931 | 12,420 | 11,882 | 16,167 | 7,592 | 7,166 | 2,986 | 95,015 |\n|  |  |  | 24,782 | 11,704 | 11,071 | 10,838 | 14,596 | 7,232 | 6,716 | 2,938 | 89,877 |\n| Allocated expenses |  |  | 8,205 | 3,995 | 3,347 | 3,731 | 4,184 | 2,278 | 2,002 | 997 | 28,739 |\n| Segment Profit |  |  | 8,052 11,099 | 3,918 7,133 | 3,232 3,341 | 3,674 6,097 | 3,505 4,856 | 2,026 3,220 | 1,901 2,663 | 1,060 827 | 27,368 39,236 |\n| Unallocable expenses |  |  | 9,324 | 6,882 | 3,688 | 5,523 | 4,197 | 3,153 | 2,898 | 760 | 36,425 4,812 |\n| Operating profit |  |  |  |  |  |  |  |  |  |  | 4,678 34,424 |\n| Other income, net Finance cost |  |  |  |  |  |  |  |  |  |  | 31,747 3,600 4,711 416 |\n| Profit before income Income tax expense Net profit | taxes |  |  |  |  |  |  |  |  |  | 470 37,608 35,988 10,858 9,740 26,750 |\n| Depreciation and amo | rtization |  |  |  |  |  |  |  |  |  | 26,248 4,812 |\n| Non-cash expenses ot (1) Financial Services (2) Retail includes ent | her than depreciati include enterprise erprises in Retail, | on and amortizati s in Financial Se Consumer Packa | on rvices and Insu ged Goods and | rance Logistics |  |  |  |  |  |  | 4,678 - - |\n| (3) Communication inc (4) Life Sciences inclu (5) Others include ope | ludes enterprises des enterprises in rating segments o | in Communicatio Life sciences and f businesses in In | n, Telecom OE Health care dia, Japan, Chi | M and Media na, Infosys P | ublic Serv | ices & other | enterprises in | Public Se | rvices |  |  |\n| 2.15.2 Significant cli | ents |  |  |  |  |  |  |  |  |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 150, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "1e2c2966c6166cb9", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 151\n\n| 2.16 Revenue from Operations |\n|---|\n| Accounting Policy TheGroupderivesrevenuesprimarilyfromITservicescomprisingsoftwaredevelopmentandrelatedservices,cloudandinfrastructureservices,maintenance,consultingandpackageimplementation, |\n| licensingofsoftwareproductsandplatformsacrosstheGroup’scoreanddigitalofferings(togethercalledas“softwarerelatedservices”)andbusinessprocessmanagementservices.Contractswith customers are either on a time-and-material, unit of work, fixed-price or on a fixed-time frame basis. Revenuesfromcustomercontractsareconsideredforrecognitionandmeasurementwhenthecontracthasbeenapprovedinwritingbytheparties,tothecontract,thepartiestocontractarecommitted toperformtheirrespectiveobligationsunderthecontract,andthecontractislegallyenforceable.Revenueisrecognizedupontransferofcontrolofpromisedproductsorservices(“performance |\n| obligations”)tocustomersinanamountthatreflectstheconsiderationtheGrouphasreceivedorexpectstoreceiveinexchangefortheseproductsorservices(“transactionprice”).Whenthereis uncertainty as to collectability, revenue recognition is postponed until such uncertainty is resolved. TheGroupassessestheservicespromisedinacontractandidentifiesdistinctperformanceobligationsinthecontract.TheGroupallocatesthetransactionpricetoeachdistinctperformanceobligation basedontherelativestandalonesellingprice.Thepricethatisregularlychargedforanitemwhensoldseparatelyisthebestevidenceofitsstandalonesellingprice.Intheabsenceofsuchevidence, |\n| theprimarymethodusedtoestimatestandalonesellingpriceistheexpectedcostplusamargin,underwhichtheGroupestimatesthecostofsatisfyingtheperformanceobligationandthenaddsan appropriate margin based on similar services. TheGroup’scontractsmayincludevariableconsiderationincludingrebates,volumediscountsandpenalties.TheGroupincludesvariableconsiderationaspartoftransactionpricewhenthereisa basistoreasonablyestimatetheamountofthevariableconsiderationandwhenitisprobablethatasignificantreversalofcumulativerevenuerecognizedwillnotoccurwhentheuncertaintyassociated |\n| with the variable consideration is resolved. Revenueontime-and-materialandunitofworkbasedcontracts,arerecognizedastherelatedservicesareperformed.Fixedpricemaintenancerevenueisrecognizedratablyeitheronastraight-line basiswhenservicesareperformedthroughanindefinitenumberofrepetitiveactsoveraspecifiedperiodorratablyusingapercentageofcompletionmethodwhenthepatternofbenefitsfromthe servicesrenderedtothecustomerandGroup’scoststofulfilthecontractisnoteventhroughtheperiodofcontractbecausetheservicesaregenerallydiscreteinnatureandnotrepetitive.Revenue fromotherfixed-price,fixed-timeframecontracts,wheretheperformanceobligationsaresatisfiedovertimeisrecognizedusingthepercentage-of-completionmethod.Effortsorcostsexpendedare |\n| usedtodetermineprogresstowardscompletionasthereisadirectrelationshipbetweeninputandproductivity.Progresstowardscompletionismeasuredastheratioofcostsoreffortsincurredtodate (representingworkperformed)totheestimatedtotalcostsorefforts.Estimatesoftransactionpriceandtotalcostsoreffortsarecontinuouslymonitoredoverthetermofthecontractsandare recognizedinnetprofitintheperiodwhentheseestimateschangeorwhentheestimatesarerevised.Revenuesandtheestimatedtotalcostsoreffortsaresubjecttorevisionasthecontractprogresses. Provisions for estimated losses, if any, on incomplete contracts are recorded in the period in which such losses become probable based on the estimated efforts or costs to complete the contract. Thebillingschedulesagreedwithcustomersincludeperiodicperformancebasedbillingand/ormilestonebasedprogressbillings.Revenuesinexcessofbillingareclassifiedasunbilledrevenuewhile |\n| billing in excess of revenues are classified as contract liabilities (which we refer to as unearned revenues). Inarrangementsforsoftwaredevelopmentandrelatedservicesandmaintenanceservices,byapplyingtherevenuerecognitioncriteriaforeachdistinctperformanceobligation,thearrangementswith customersgenerallymeetthecriteriaforconsideringsoftwaredevelopmentandrelatedservicesasdistinctperformanceobligations.Forallocatingthetransactionprice,theGroupmeasuresthe |\n| revenueinrespectofeachperformanceobligationofacontractatitsrelativestandalonesellingprice.Thepricethatisregularlychargedforanitemwhensoldseparatelyisthebestevidenceofits standalonesellingprice.IncaseswheretheGroupisunabletodeterminethestandalonesellingprice,theGroupusestheexpectedcostplusmarginapproachinestimatingthestandalonesellingprice. For software development and related services, the performance obligations are satisfied as and when the services are rendered since the customer generally obtains control of the work as it progresses. Certaincloudandinfrastructureservicescontractsincludemultipleelementswhichmay be subjecttootherspecificaccountingguidance,suchasleasingguidance.Thesecontracts areaccountedin accordancewithsuchspecificaccountingguidance.InsucharrangementswheretheGroupisabletodeterminethathardwareandservicesaredistinctperformanceobligations,itallocatesthe considerationtotheseperformanceobligationsonarelativestandalonesellingpricebasis.Intheabsenceofstandalonesellingprice,theGroupusestheexpectedcost-plusmarginapproachin |\n| estimatingthestandalonesellingprice.Whensuch arrangementsareconsideredasasingleperformanceobligation,revenueisrecognized overtheperiodandmeasureofprogressisdetermined based on promise in the contract. Revenuefromlicenseswherethecustomerobtainsa“righttouse”thelicensesisrecognizedatthetimethelicenseismadeavailabletothecustomer.Revenuefromlicenseswherethecustomer |\n| obtains a “right to access” is recognized over the access period. Arrangementstodeliversoftwareproductsgenerallyhavethreeelements:license,implementationandAnnualTechnicalServices(ATS).Whenimplementationservicesareprovidedinconjunction withthelicensingarrangementandthelicenseandimplementationhavebeenidentifiedastwodistinctseparateperformanceobligations,thetransactionpriceforsuchcontractsareallocatedtoeach performanceobligationofthecontractbasedontheirrelativestandalonesellingprices.Intheabsenceofstandalonesellingpriceforimplementation,theGroupusestheexpectedcostplusmargin |\n| approachinestimatingthestandalonesellingprice.Wherethelicenseisrequiredtobesubstantiallycustomizedaspartoftheimplementationservicetheentirearrangementfeeforlicenseand implementationisconsideredtobeasingleperformanceobligationandtherevenueisrecognizedusingthepercentage-of-completionmethodastheimplementationisperformed.Revenuefromclient training,supportandotherservicesarisingduetothesaleofsoftwareproductsisrecognizedastheperformanceobligationsaresatisfied.ATSrevenueisrecognizedratablyonastraightlinebasis over the period in which the services are rendered. Contractswithcustomersincludessubcontractorservicesorthird-partyvendorequipmentorsoftwareincertainintegratedservicesarrangements.Inthesetypesofarrangements,revenuefromsalesof third-partyvendorproductsorservicesisrecordednetofcostswhentheGroupisactingasanagentbetweenthecustomerandthevendor,andgrosswhentheGroupistheprincipalforthe |\n| transaction.Indoingso,theGroupfirstevaluateswhetheritobtainscontrolofthespecifiedgoodsorservicesbeforetheyaretransferredtothecustomer.TheGroupconsiderswhetheritisprimarily responsibleforfulfillingthepromisetoprovidethespecifiedgoodsorservices,inventoryrisk,pricingdiscretionandotherfactorstodeterminewhetheritcontrolsthespecifiedgoodsorservicesand therefore, is acting as a principal or an agent. Acontractmodificationisachangeinthescopeorpriceorbothofacontractthatisapprovedbythepartiestothecontract.Acontractmodificationthatresultsintheadditionofdistinctperformance obligationsareaccountedforeitherasaseparatecontractiftheadditionalservicesarepricedatthestandalonesellingpriceorasaterminationoftheexistingcontractandcreationofanewcontractif |\n| theyarenotpricedatthestandalonesellingprice.Ifthemodificationdoesnotresultinadistinctperformanceobligation,itisaccountedforaspartoftheexistingcontractonacumulativecatch-up basis. |\n| The incremental costs of obtaining a contract (i.e., costs that would not have been incurred if the contract had not been obtained) are recognized as an asset if the Group expects to recover them. Certaineligible,nonrecurringcosts(e.g.set-uportransitionortransformationcosts)thatdonotrepresentaseparateperformanceobligationarerecognizedasanassetwhensuchcosts(a)relate |\n| directly to the contract; (b) generate or enhance resources of the Group that will be used in satisfying the performance obligation in the future; and (c) are expected to be recovered. Capitalizedcontractcostsrelatingtoupfrontpaymentstocustomersareamortizedtorevenueandothercapitalizedcosts areamortizedtocostofsalesovertherespectivecontractlifeonasystematic |\n| basisconsistentwiththetransferofgoodsorservicestocustomertowhichtheassetrelates.Capitalizedcostsaremonitoredregularlyforimpairment.Impairmentlossesarerecordedwhenpresent value of projected remaining operating cash flows is not sufficient to recover the carrying amount of the capitalized costs. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 151, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "df0dfbb12a25fefd", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 152\n\n| 2025 2024 2025 2024 Revenue from software services 38,999 36,064 155,395 145,285 Revenue from products and platforms 1,926 1,859 7,595 8,385 Total revenue from operations 40,925 37,923 162,990 153,670 Products & platforms |\n|---|\n| TheGroupalsoderivesrevenuesfromthesaleofproductsandplatformslikeFinacle–corebankingsolution,EdgeSuiteofproducts,Panayaplatform,StaterdigitalplatformandInfosysMcCamish– insurance platform. Disaggregated revenue information Revenuedisaggregationbybusinesssegmentshasbeenincludedinsegmentinformation(Refernote2.15).Thetablebelowpresentsdisaggregatedrevenuesfromcontractswithcustomersby |\n| geographyandcontracttype.TheGroupbelievesthatthisdisaggregationbestdepictshowthenature,amount,timinganduncertaintyofrevenuesandcashflowsareaffectedbyindustry,marketand other economic factors. For the three months and year ended March 31, 2025 and March 31, 2024 (In ₹ crore) Three months ended March 31, Year ended March 31, Particulars 2025 2024 2025 2024 Revenues by Geography* North America 23,344 22,606 94,397 92,411 |\n| Europe 12,771 10,861 48,595 42,267 India 1,206 833 5,014 3,881 Rest of the world 3,604 3,623 14,984 15,111 Total 40,925 37,923 162,990 153,670 * Geographical revenues is based on the domicile of customer. Thepercentageofrevenuefromfixed-pricecontractsforthethreemonthsendedMarch31,2025andMarch31,2024is54%and54%,respectively.Thepercentageofrevenuefromfixed-price |\n| contracts for the year ended March 31, 2025 and March 31, 2024 is 54% and 53%, respectively. |\n| Trade Receivables and Contract Balances Thetimingofrevenuerecognition,billingsandcashcollectionsresultsinreceivables,unbilledrevenue,andunearnedrevenueontheGroup’sConsolidatedBalanceSheet.Amountsarebilledaswork |\n| progresses in accordance with agreed-upon contractual terms, either at periodic intervals (e.g., monthly or quarterly) or upon achievement of contractual milestones. TheGroup’sReceivablesarerightstoconsiderationthatareunconditional. Unbilledrevenuescomprisingrevenuesinexcessofbillingsfromtimeandmaterialcontractsandfixedpricemaintenance |\n| contracts are classified as financial asset when the right to consideration is unconditional and is due only after a passage of time. Invoicingtotheclientsforotherfixedpricecontractsisbasedonmilestonesasdefinedinthecontractandthereforethetimingofrevenuerecognitionisdifferentfromthetimingofinvoicingtothe customers.Therefore,unbilledrevenuesforotherfixedpricecontracts(contractasset)areclassifiedasnon-financialassetbecausetherighttoconsiderationisdependentoncompletionofcontractual |\n| milestones. Invoicing in excess of earnings are classified as unearned revenue. Trade receivables and unbilled revenues are presented net of impairment in the consolidated statement of balance sheet. During the year ended March 31, 2025 and March 31, 2024, the Company recognized revenue of ₹5,669 crore and ₹5,432 crore arising from opening unearned revenue as of April 1, 2024 and April 1, 2023 respectively. |\n| During the year ended March 31, 2025 and March 31, 2024, ₹4,896 crore and ₹7,023 crore of unbilled revenue pertaining to other fixed price and fixed time frame contracts as of April 1, 2024 and April 1, 2023, respectively has been reclassified to trade receivables upon billing to customers on completion of milestones. |\n| Remaining performance obligation disclosure Theremainingperformanceobligationdisclosureprovidestheaggregateamountofthetransactionpriceyettoberecognizedasoftheendofthereportingperiodandanexplanationastowhenthe Groupexpectstorecognizetheseamountsinrevenue.ApplyingthepracticalexpedientasgiveninIFRS15,theGrouphasnotdisclosedtheremainingperformanceobligationrelateddisclosuresfor |\n| contractswheretherevenuerecognizedcorrespondsdirectlywiththevaluetothecustomeroftheentity'sperformancecompletedtodate,typicallythosecontractswhereinvoicingisontime& materialbasisandunitofworkbasedcontracts.Remainingperformanceobligationestimatesaresubjecttochangeandareaffectedbyseveralfactors,includingterminations,changesinthescopeof contracts, periodic revalidations, adjustment for revenue that has not materialized and adjustments for currency fluctuations. TheaggregatevalueofperformanceobligationsthatarecompletelyorpartiallyunsatisfiedasatMarch31,2025,otherthanthosemeetingtheexclusioncriteriamentionedabove,is₹104,785crore. Outofthis,theGroupexpectstorecognizerevenueofaround50.3%withinthenextoneyearandtheremainingthereafter.Theaggregatevalueofperformanceobligationsthatarecompletelyor |\n| partiallyunsatisfiedasatMarch31,2024is₹90,658crore.Thecontractscangenerallybeterminatedbythecustomersandtypicallyincludesanenforceableterminationpenaltypayablebythem. Generally, customers have not terminated contracts without cause. 2.17 Unbilled Revenue (In ₹ crore) |\n| Particulars As at March 31, 2025 March 31, 2024 Unbilled financial asset (1) 10,214 9,600 |\n| Unbilled non financial asset (2) 4,869 4,948 Total 15,083 14,548 (1) |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 152, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "057214087a7bb48e", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 153\n\n| 2X22AO .18 Equity |\n|---|\n| Accounting policy |\n| Ordinary Shares |\n| Ordinary shares are classified as equity. Incremental costs directly attributable to the issuance of new ordinary shares, share options and |\n| buyback are recognized as a deduction from equity, net of any tax effects. |\n| Treasury Shares |\n| When any entity within the Group purchases the company's ordinary shares, the consideration paid including any directly attributable |\n| incremental costispresented asadeduction fromtotalequity,until theyarecancelled,sold orreissued. When treasury sharesaresold or |\n| reissuedsubsequently,theamountreceivedisrecognizedasanincreaseinequity,andtheresultingsurplusordeficitonthetransactionis |\n| transferred to/from Share premium. |\n| Retained earnings |\n| Retained earnings represent the amount of accumulated earnings of the Group. |\n| Share premium |\n| The amount received in excess of the par value of equity shares has been classified as share premium. Additionally, share-based |\n| compensationrecognizedinnetprofitintheinterimconsolidatedstatementofcomprehensiveincomeiscreditedtosharepremium.Amounts |\n| have been utilized for bonus issue and share buyback from share premium account. |\n| Other Reserve |\n| TheSpecialEconomicZoneRe-investmentreservehasbeencreatedoutoftheprofitoftheeligibleSEZunitintermsoftheprovisionsofSec |\n| 10AA (1)(ii) of Income Tax Act, 1961. The reserve should be utilized by the Company for acquiring new plant and machinery for the |\n| purpose of its business in terms of the provisions of the Sec 10AA (2) of the Income Tax Act, 1961. |\n| Capital Redemption Reserve |\n| In accordance with section 69 of the Indian Companies Act, 2013, theCompany creates capital redemption reserve equal to thenominal |\n| value of the shares bought back as an appropriation from general reserve / retained earnings. |\n| Cash flow hedge reserve |\n| When a derivative is designated as a cash flow hedging instrument, the effective portion of changes in the fair value of the derivativeis |\n| recognized in other comprehensive income and accumulated in the cash flow hedging reserve. The cumulative gain or loss previously |\n| recognizedinthecashflowhedgingreserveistransferredtothenetprofitintheinterimconsolidatedStatementofComprehensiveIncome |\n| upon the occurrence of the related forecasted transaction. |\n| Other components of equity |\n| Othercomponentsofequityincludecurrencytranslation,re-measurementofnetdefinedbenefitliability/asset,fairvaluechangesofequity |\n| instruments fair valued through other comprehensive income, changes on fair valuation of investments, net of taxes. |\n| 2.18.1 Voting |\n| Each holderofequitysharesisentitled toonevotepershare.Theequitysharesrepresented byAmerican DepositaryShares (ADS) carry |\n| similar rights to voting and dividends as the other equity shares. Each ADS represents one underlying equity share. |\n| 2.18.2 Liquidation |\n| Intheeventofliquidationofthecompany,theholdersofsharesshallbeentitledtoreceiveanyoftheremainingassetsofthecompany,after |\n| distributionofallpreferentialamounts.However,nosuchpreferentialamountsexistcurrently,otherthantheamountsheld byirrevocable |\n| controlled trusts. The amount distributed will be in proportion to the number of equity shares held by the shareholders. For irrevocable |\n| controlled trusts, the corpus would be settled in favor of the beneficiaries. |\n| 2.18.3 Share options |\n| There are no voting, dividend or liquidation rights to the holders of options issued under the company's share option plans. |\n| 2.18.4 Share capital and share premium |\n| TheCompanyhasonlyoneclassofsharesreferred toasequityshareshavingaparvalueof₹5/- each. 96,55,927 shares and 10,916,829 |\n| shares were held by controlled trust, as at March 31, 2025 and March 31, 2024, respectively. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 153, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "02aa9dc4339c586f", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 154\n\n| 2.18.5 Capital allocation policy |\n|---|\n| Effectivefiscal2025,theCompanyexpectstocontinueitspolicyofreturningapproximately85%ofthefreecashflowcumulativelyovera5- |\n| yearperiodthroughacombinationofsemi-annualdividendsand/orsharebuyback/specialdividendssubjecttoapplicablelawsandrequisite |\n| approvals,ifany.Underthispolicy,theCompanyexpectstoprogressivelyincreaseitsannualdividendpershare(excludingspecialdividend |\n| if any). |\n| Freecashflowisdefinedasnetcashprovidedbyoperatingactivitieslesscapitalexpenditureaspertheconsolidatedstatementofcashflows |\n| prepared under IFRS. Dividend and buyback include applicable taxes. |\n| TheCompany’sobjectivewhenmanagingcapitalistosafeguarditsabilitytocontinueasagoingconcernandtomaintainanoptimalcapital |\n| structure so as to maximize shareholder value. In order to maintain or achieve an optimal capital structure, the Company may adjust the |\n| amountofdividendpayment,returncapitaltoshareholders,issuenewsharesorbuybackissuedshares.AsofMarch31,2025,theCompany |\n| has only one class of equity shares and has no debt. Consequent to the above capital structure there are no externally imposed capital |\n| requirements. |\n| Dividend |\n| Thefinaldividendonsharesisrecorded asaliabilityon thedateofapprovalbytheshareholdersand interimdividendsarerecorded asa |\n| liability on thedate of declaration by the Company's Board of Directors. Incometax consequences of dividends on financial instruments |\n| classified as equitywill berecognized accordingto wheretheentityoriginally recognized thosepast transactions orevents thatgenerated |\n| distributable profits. |\n| TheCompanydeclaresandpaysdividendsinIndianrupees.Companiesarerequiredtopay/distributedividendafterdeductingapplicable |\n| taxes. Theremittanceof dividends outsideIndia is governed by Indian law on foreign exchangeand is alsosubject towithholdingtax at |\n| applicable rates. |\n| The amount of per share dividend recognized as distribution to equity shareholders is as follows: |\n| (In ₹) Three months ended March 31, Year ended March 31, Particulars |\n| 2025 2024 2025 2024 Interim dividend for fiscal 2025 - - 21.00 - |\n| Special dividend for fiscal 2024 - - 8.00 - |\n| Final dividend for fiscal 2024 - - 20.00 - |\n| Interim dividend for fiscal 2024 - - - 18.00 |\n| Final dividend for fiscal 2023 - - - 17.50 |\n| DuringtheyearendedMarch31,2025,onaccountofthefinalandspecialdividendforfiscal2024andinterimdividendforfiscal2025,the |\n| Company has incurred a net cash outflow of ₹20,295 crore (excluding dividend paid on treasury shares) |\n| TheBoardofDirectorsintheirmeetingheldonApril17,2025recommendedafinaldividendof₹22/-perequityshareforthefinancialyear |\n| endedMarch31,2025.ThepaymentissubjecttotheapprovalofshareholdersintheAGMoftheCompanytobeheldonJune25,2025and |\n| if approved, would result in a net cash outflow of approximately ₹9,116 crore (excluding dividend paid on treasury shares). |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 154, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "fabe53edb4552661", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 155\n\n| Cost of technica Power and fuel Repairs and mai Rates and taxes Insurance charge Commission to n Branding and m Provision for po Impairment loss Contribution tow Others Total cost of sal | l sub-contractors ntenance s on-whole time directo arketing expenses st-sales client support a recognized / (reversed) ards Corporate Social es, selling and market | rs nd other provisions on financial assets Responsibility ing expenses and administrative expenses |  | 3,276 50 322 77 73 5 344 (228) (53) 92 211 32,350 |  |  | 2,967 48 316 84 53 5 285 (129) (98) 182 239 30,302 | 12,937 222 1,320 346 301 18 1,223 (110) 48 585 834 128,566 |  | 12,232 199 1,278 326 210 16 1,007 75 121 533 951 121,923 |\n|---|---|---|---|---|---|---|---|---|---|---|\n| The table below Cost of sales Particulars Employee benef Depreciation and Travelling costs Cost of technica | provides details of br it costs amortization l sub-contractors | eak-up of expenses: | Three | months 2025 19,849 1,299 353 3,276 | ended | March | 31, Ye 2024 18,392 1,163 328 2,966 | ar ended 2025 77,382 4,812 1,261 12,934 | (In March 31 | ₹ crore) , 2024 74,480 4,678 1,243 12,227 |\n| Cost of software Third party item Consultancy and Communication Repairs and mai Provision for po Others Total Selling and mar Particulars Employee benef | packages for own use s bought for service del professional charges costs ntenance st-sales client support a keting expenses it costs | ivery to clients nd other provisions | Three | 622 3,244 (145) 61 127 (228) 117 28,575 months 2025 1,431 | ended | March | 528 3,132 107 70 113 (129) 78 26,748 31, Ye 2024 1,309 | 2,349 13,444 85 287 497 (110) 406 113,347 ar ended 2025 5,720 | (In March 31 | 2,032 11,370 293 332 445 75 238 107,413 ₹ crore) , 2024 5,434 |\n| Travelling costs Branding and m Communication Consultancy and Others Total Administrative Particulars Employee benef Consultancy and Repairs and mai Power and fuel | arketing costs professional charges expenses it costs professional charges ntenance |  | Three | 105 344 3 46 28 1,957 months 2025 735 400 258 50 | ended | March | 86 284 3 31 22 1,735 31, Ye 2024 692 351 254 48 | 407 1,220 10 157 74 7,588 ar ended 2025 2,847 1,413 1,040 221 | (In March 31 | 314 1,001 12 137 75 6,973 ₹ crore) , 2024 2,706 1,296 1,001 199 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 155, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "2f08edd57b721816", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 156\n\n| 2.20 Employee Benefits |\n|---|\n| Accounting policy |\n| Gratuity and Pensions TheGroupprovidesforgratuity,adefinedbenefitretirementplan('theGratuityPlan')coveringeligibleemployeesmajorlyofInfosysanditsIndiansubsidiaries.TheGratuity Planprovidesalump-sumpaymenttovestedemployeesatretirement,death,incapacitationorterminationofemployment,ofanamountbasedontherespectiveemployee's salaryandthetenureofemploymentwiththeGroup.TheCompanycontributesGratuityliabilitiestotheInfosysLimitedEmployees'GratuityFundTrust(theTrust).Incaseof |\n| InfosysBPMandEdgeVerve,contributionsaremadetotheInfosysBPMEmployees'GratuityFundTrustandEdgeVerveSystemsLimitedEmployees'GratuityFundTrust, respectively.TrusteesadministercontributionsmadetotheTrustsandcontributionsareinvestedinaschemewiththeLifeInsuranceCorporationofIndiaaspermittedby Indian law. TheGroupoperatesdefinedbenefitpensionplanincertainoverseasjurisdictions,inaccordancewiththelocallaws.Theseplansaremanagedbythirdpartyfundmanagers. Theplansprovideforperiodicpayoutsafterretirementand/oralumpsumpaymentassetoutinrulesofeachfundandincludesdeathanddisabilitybenefits.Thedefined |\n| benefit plans require contributions which are based on a percentage of salary that varies depending on the age of the respective employees. Liabilitieswithregardtothesedefinedbenefitplansaredeterminedbyactuarialvaluation,performedbyanexternalactuary,ateachBalanceSheetdateusingtheprojected |\n| unit credit method. These defined benefit plans expose the Group to actuarial risks, such as longevity risk, interest rate risk and market risk. TheGrouprecognizesthenetobligationofadefinedbenefitplaninitsBalanceSheetasanassetorliability.Gainsandlossesthroughre-measurementsofthenetdefined benefitliability/(asset)arerecognizedinothercomprehensiveincomeandarenotreclassifiedtoprofitorlossinsubsequentperiods.Theactualreturnoftheportfolioofplan |\n| assets,inexcessoftheyieldscomputedbyapplyingthediscountrateusedtomeasurethedefinedbenefitobligationisrecognizedinothercomprehensiveincome.Theeffectof any plan amendments is recognized in net profit in the Interim Consolidated Statement of Comprehensive Income. |\n| Provident fund EligibleemployeesofInfosysreceivebenefitsfromaprovidentfund,whichisadefinedbenefitplan.BoththeeligibleemployeeandtheCompanymakemonthlycontributions totheprovidentfundplanequaltoaspecifiedpercentageofthecoveredemployee'ssalary.TheCompanycontributesaportiontotheInfosysLimitedEmployees'Provident |\n| FundTrust.ThetrustinvestsinspecificdesignatedinstrumentsaspermittedbyIndianlaw.Theremainingportioniscontributedtothegovernmentadministeredpensionfund. The rate at which the annual interest is payable to the beneficiaries by the trust is being administered by the Government of India. The Company has an obligation to make good the shortfall, if any, between the return from the investments of the trust and the notified interest rate. InrespectofIndiansubsidiaries,eligibleemployeesreceivebenefitsfromaprovidentfund,whichisadefinedcontributionplan.Boththeeligibleemployeeandtherespective |\n| companiesmakemonthlycontributionstothisprovidentfundplanequaltoaspecifiedpercentageofthecoveredemployee'ssalary.Amountscollectedundertheprovident fund plan are deposited in a government administered provident fund. The Companies have no further obligation to the plan beyond its monthly contributions. |\n| Superannuation CertainemployeesofInfosys,InfosysBPMandEdgeVerveareparticipantsinadefinedcontributionplan.TheGrouphasnofurtherobligationstotheplanbeyonditsmonthly |\n| contributions which are periodically contributed to a trust fund, the corpus of which is invested with the Life Insurance Corporation of India. |\n| Compensated absences TheGrouphasapolicyoncompensatedabsenceswhicharebothaccumulatingandnon-accumulatinginnature.Theexpectedcostofaccumulatingcompensatedabsencesis determinedbyactuarialvaluationperformedbyanexternalactuaryateachBalanceSheetdateusingprojectedunitcreditmethodontheadditionalamountexpectedtobe |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 156, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "214596afe7694f4e", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 157\n\n| 2.20.1 Gratuity and pensions ThefollowingtablesetsoutthedetailsofthedefinedbenefitretirementplansandtheamountsrecognizedintheGroup'sfinancialstatementsasatMarch31,2025andMarch 31, 2024: (In ₹ crore) Gratuity Pension Particulars As at As at March 31, 2025 March 31, 2024 March 31, 2025 March 31, 2024 Change in benefit obligations Benefit obligations at the beginning 2,116 1,778 1,020 917 Transfer 5 29 - 0 Service cost 335 307 52 54 Interest expense 141 121 18 20 Remeasurements - Actuarial (gains) / losses 93 34 69 24 Past service cost - plan amendments - - - (33) Employee contribution - - 33 34 Benefits paid (181) (154) (60) (10) |\n|---|\n| Translation difference 2 1 51 14 Benefit obligations at the end 2,511 2,116 1,183 1 ,020 Change in plan assets Fair value of plan assets at the beginning 2,079 1,755 991 870 Transfer - - - 0 Interest income 151 127 19 20 Remeasurements- Return on plan assets excluding amounts included in interest income 22 18 60 16 Employer contribution 656 328 46 51 Employee contribution - - 33 34 Benefits paid (176) (149) (60) (10) Translation difference 1 - 48 10 Fair value of plan assets at the end 2,733 2,079 1,137 9 91 Funded status 222 (37) (46) (29) Defined benefit plan asset (Refer note 2.4) 286 16 11 15 Defined benefit plan liability (Refer note 2.5) (64) (53) (57) (44) AmountforthethreemonthsandyearendedMarch31,2025andMarch31,2024recognizedintheConsolidatedStatementofComprehensiveincomeunderemployeebenefit |\n| expense: (In ₹ crore) Gratuity Pension Three months ended Particulars Year ended March 31, Three months ended March 31, Year ended March 31, March 31, 2025 2024 2025 2024 2025 2024 2025 2024 |\n| Service cost 84 78 335 307 13 13 52 54 Net interest on the net defined benefit (8) (4) (10) (6) - - (1) - liability/(asset) Plan amendments - - - - - (8) - (33) Net cost 76 74 325 301 13 5 51 21 |\n| Amount for the three months and year ended March 31, 2025 and March 31, 2024 recognized in the Consolidated Statement of other comprehensive income: (In ₹ crore) Gratuity Pension Three months ended Particulars Year ended March 31, Three months ended March 31, Year ended March 31, March 31, |\n| 2025 2024 2025 2024 2025 2024 2025 2024 Remeasurements of the net defined benefit liability/ (asset) Actuarial (gains) / losses 33 14 93 34 18 6 69 24 (Return) / loss on plan assets excluding amounts included in the net interest on 2 2 (22) (18) (15) (4) (60) (16) |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 157, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "a54951723ed1c103", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 158\n\n| - - - - - - - - demographic assumptions (Gain)/loss from change in financial 95 2 38 10 12 6 47 24 assumptions (Gain)/loss from experience 6 - adjustment (62) 12 55 24 22 - 33 14 93 34 18 6 69 24 Thegratuityandpensioncostrecognizedinstatementofcomprehensiveincomeapportionedbetweencostofsales,sellingandmarketingexpensesandadministrativeexpenses on the basis of direct employee cost is as follows: (In ₹ crore) Gratuity Pension Three months ended Particulars Year ended March 31, Three months ended March 31, Year ended March 31, |\n|---|\n| March 31, 2025 2024 2025 2024 2025 2024 2025 2024 Cost of sales 69 67 292 271 13 5 46 19 Selling and marketing expenses 5 5 22 20 - - 3 1 Administrative expenses 2 2 11 10 - - 2 1 76 74 325 301 13 5 51 21 |\n| The weighted-average assumptions used to determine benefit obligations as at March 31, 2025 and March 31, 2024 are set out below: Gratuity Pension Particulars As at As at March 31, 2025 March 31, 2024 March 31, 2025 March 31, 2024 Discount rate(1) 6.5% 7.0% 0.9%-3.7% 1.5%-3.4% |\n| Weighted average rate of increase in compensation levels(2) 6.0% 6.0% 1%-3% 1%-3% Weighted average duration of defined benefit obligation(3) 5.7 years 5.8 years 13 years 12 years |\n| The weighted-average assumptions used to determine net periodic benefit cost for the three months and year ended March 31, 2025 and March 31, 2024 are set out below: Particulars Gratuity Pension Three months ended Year ended March 31, Three months ended March 31, Year ended March 31, March 31, 2025 2024 2025 2024 2025 2024 2025 2024 |\n| Discount rate 7.0% 7.1% 7.0% 7.1% 1.5%-3.4% 1.8%-3.8% 1.5%-3.4% 1.8%-3.8% Weighted average rate of increase in 6.0% 6.0% 6.0% 6.0% 1%-3% 1%-3% 1%-3% 1%-3% compensation levels |\n| (1)FordomesticdefinedbenefitplaninIndia,themarketforhighqualitycorporatebondsbeingnotdeveloped,theyieldofgovernmentbondsisconsideredasthediscountrate. Formostofouroverseasdefinedbenefitplan,giventhatthemarketforhighqualitycorporatebondsisnotdeveloped,theGovernmentbondrateadjustedforcorporatespreads |\n| is used. |\n| (2)TheaveragerateofincreaseincompensationlevelsisdeterminedbytheCompany,consideringfactorssuchas,theCompany’spastcompensationrevisiontrends,inflation in respective markets and management’s estimate of future salary increases. |\n| (3)Attritionrateconsideredisthemanagement’sestimatebasedonthepastlong-termtrendofemployeeturnoverintheCompany.Thetenurehasbeenconsideredtakinginto |\n| account the past long-term trend of employees' average remaining service life which reflects the average estimated term of post-employment benefit obligation. For domestic defined benefit plan in India, assumptions regarding future mortality experience are set in accordance with the published statistics by the Life Insurance |\n| CorporationofIndia.Foroverseasdefinedbenefitplan,theassumptionsregardingfuturemortalityexperiencearesetwithregardtothelateststatisticsinlifeexpectancy,plan experience and other relevant data. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 158, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "7b019613a27201c2", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 159\n\n| aspermittedbyIndianlaw.Theplanassetsoftheoverseasdefinedbenefitplanhavebeenprimarilyinvestedininsurermanagedfundsandtheassetallocationforplanassetsis determinedbasedontheinvestmentcriteriaprescribed undertherelevantregulationsapplicabletopensionfundsandtheinsurermanagers.Theinsurers'investmentsare diversified and provide for guaranteed interest rates arrangements. Actualreturn on assets (includingremeasurements) ofthe gratuityplan for the three months ended March 31, 2025 and March 31, 2024 were ₹44 crore and ₹35 crore, |\n|---|\n| respectively and for the pension plan were ₹20 crore and ₹9 crore, respectively. Actualreturnonassets(includingremeasurements)ofthegratuityplanfortheyearendedMarch31,2025andMarch31,2024were₹173croreand₹145crore,respectively |\n| and for the pension plan were ₹79 crore and ₹36 crore, respectively. The contributions for gratuity are invested in a scheme with the Life Insurance Corporation of India as permitted by Indian law. The table below sets out the details of major |\n| plan assets into various categories as at March 31, 2025 and March 31, 2024: Pension |\n| Particulars As at March 31, 2025 March 31, 2024 Equity 34% 34% Bonds 30% 32% |\n| Real Estate/Property 26% 26% Cash and Cash Equivalents 1% 1% Other 9% 7% |\n| These defined benefit plans expose the Group to actuarial risk which are set out below: Interestraterisk: Thepresentvalueofthedefinedbenefitplanliabilityisgenerallycalculatedusingadiscountratedeterminedbyreferencetogovernmentbondyieldsandin certainoverseasjurisdictions,itiscalculatedinreferencetogovernmentbondyieldadjustedforacorporatespread. Ifbondyieldsfall,thedefinedbenefitobligationwilltend |\n| to increase. Lifeexpectancyandinvestmentrisk:Thepensionfundoffersthechoicebetweenalifelongpensionandacashlumpsumuponretirement.Thepensionfundhasdefinedrates |\n| forconvertingthelumpsumtoapensionandthereistheriskthatthememberslivelongerthanimpliedbytheseconversionratesandthatthepensionassetsdon’tachievethe investment return implied by these conversion rates. Assetvolatility:Aproportionofthepensionfundisheldinequities,whichisexpectedtooutperformcorporatebondsinthelongtermbutgiveexposuretovolatilityandriskin |\n| theshortterm.Thepensionfundboardofinsurerisresponsiblefortheinvestmentstrategyandequityallocationisjustifiedgiventhelong-terminvestmenthorizonofthe pension fund and the objective to provide a reasonable long term return on members’ account balances. Sensitivity of significant assumptions used for valuation of defined benefit obligation: (in ₹ crore) Impact from As at March 31, 2025 Gratuity Pension 1% point increase 0.5% point |\n| / decrease increase / decrease Discount rate 135 55 Weighted average rate of increase in compensation levels 135 6 Sensitivitytosignificantactuarialassumptionsiscomputedbyvaryingoneactuarialassumptionusedforthevaluationofthedefinedbenefitobligationandkeepingallother |\n| actuarial assumptions constant. In practice, this is not probable, and changes in some of the assumptions may be correlated. |\n| The Group expects to contribute ₹370 crore to gratuity and ₹44 crore to pension during the fiscal 2026. Maturity profile of defined benefit obligation: (In ₹ crore) Gratuity Pension Within 1 year 349 72 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 159, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "eddf39b9a742ee4e", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 160\n\n| 2.20.2 Provident fund Infosyshasanobligationtofundanyshortfallontheyieldofthetrust’sinvestmentsovertheadministeredinterestratesonanannualbasis.Theseadministered ratesare determinedannuallypredominantlyconsideringthesocialandeconomicfactors.Theactuaryhasprovidedavaluationforprovidentfundliabilitiesonthebasisofguidance |\n|---|\n| issued by Actuarial Society of India. ThefollowingtablessetoutthefundedstatusofthedefinedbenefitprovidentfundplanofInfosyslimitedandtheamountsrecognizedintheGroup'sfinancialstatementsasat |\n| March 31, 2025 and March 31, 2024: (In ₹ crore) As at Particulars March 31, 2025 March 31, 2024 Change in benefit obligations Benefit obligations at the beginning 11,879 10,527 Service cost 952 880 Employee contribution 1,683 1,652 Interest expense 862 764 Actuarial (gains) / loss 218 96 Benefits paid (1,727) (2,040) Benefit obligations at the end 13,867 11,879 |\n| Change in plan assets Fair value of plan assets at the beginning 11,812 10,184 Interest income 858 740 Remeasurements- Return on plan assets excluding amounts included in interest income 245 234 Employer contribution 1,057 1,042 Employee contribution 1,683 1,652 Benefits paid (1,727) (2,040) Fair value of plan assets at the end 13,928 11,812 Funded status surplus/(deficit) 61 (67) Irrecoverable surplus - effect of asset ceiling (61) - Net defined benefit asset/ (liability) (Refer note 2.5) - (67) Amount for the three months and year ended March 31, 2025 and March 31, 2024 recognized in the consolidated statement of comprehensive income: (In ₹ crore) Three months ended March 31, Year ended March 31, Particulars |\n| 2025 2024 2025 2024 Service cost 257 234 952 880 Net interest on the net defined benefit liability / asset 1 6 4 24 Net provident fund cost 258 240 956 904 Amount for the three months and year ended March 31, 2025 and March 31, 2024 recognized in the consolidated statement of other comprehensive income: (In ₹ crore) Three months ended March 31, Year ended March 31, Particulars 2025 2024 2025 2024 Remeasurements of the net defined benefit liability/ (asset) |\n| Actuarial (gains) / losses 158 48 218 96 (Return) / loss on plan assets excluding amounts included in the net interest on the net defined (95) (89) (245) (234) benefit liability/(asset) Irrecoverable surplus - effect of asset ceiling 54 - 61 - 117 (41) 34 (138) |\n| The assumptions used in determining the present value obligation of the defined benefit plan under the Deterministic Approach are as follows: As at Particulars March 31, 2025 March 31, 2024 Government of India (GOI) bond yield (1) 6.50% 7.00% |\n| Expected rate of return on plan assets 8.00% 8.20% Remaining term to maturity of portfolio 6 years 6 years Expected guaranteed interest rate 8.25% 8.25% |\n| (1)InIndia,themarketforhighqualitycorporatebondsbeingnotdeveloped,theyieldofgovernmentbondsisconsideredasthediscountrate.Thetenurehasbeenconsidered |\n| taking into account the past long-term trend of employees’ average remaining service life which reflects the average estimated term of the post-employment benefit obligation. |\n| The breakup of the plan assets into various categories as at March 31, 2025 and March 31, 2024 are as follows: As at Particulars March 31, 2025 March 31, 2024 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 160, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "bd9a04bb3fcc0215", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 161\n\n| The asset allocation for plan assets is determined based on the investment criteria prescribed under the relevant regulations. TheactuarialvaluationofPFliabilityexposestheGrouptointerestraterisk.Thedefinedbenefitobligationcalculatedusesadiscountratebasedongovernmentbonds.Ifbond |\n|---|\n| yields fall, the defined benefit obligation will tend to increase. AsatMarch31,2025thedefinedbenefitobligationwouldbeaffectedbyapproximately₹129croreonaccountofa0.25%increase/decreaseintheexpectedrateofreturnon |\n| plan assets. The Group contributed ₹351 crore and ₹315 crore to the provident fund during the three months ended March 31, 2025 and March 31, 2024, respectively. The Group |\n| contributed₹1,323croreand₹1,257croretotheprovidentfundduringtheyearendedMarch31,2025andMarch31,2024, respectively.Thesamehasbeenrecognizedinthe net profit in the consolidated Statement of comprehensive income under the head employee benefit expense. |\n| The provident plans are applicable only to employees drawing a salary in Indian rupees. Providentfundcontributionshavebeenapportionedbetweencostofsales,sellingandmarketingexpensesandadministrativeexpensesonthebasisofdirectemployeecostas follows: - (In ₹ crore) Three months ended March 31, Year ended March 31, Particulars |\n| 2025 2024 2025 2024 Cost of sales 317 285 1,191 1,133 Selling and marketing expenses 23 21 88 83 Administrative expenses 11 10 44 41 351 316 1,323 1,257 |\n| 2.20.3 Superannuation Thegroupcontributed₹125croreand₹123croretothesuperannuationplanduringthethreemonthsendedMarch31,2025andMarch31,2024,respectively.Thegroup |\n| contributed₹512croreand₹513croretothesuperannuationplanduringtheyearendedMarch31,2025andMarch31,2024,respectivelyandthesamehasbeenrecognizedin the Consolidated Statement of comprehensive income under the head employee benefit expense. Superannuationcontributionhavebeenapportionedbetweencostofsales,sellingandmarketingexpensesandadministrativeexpensesonthebasisofdirectemployeecostas follows: - (In ₹ crore) Three months ended March 31, Year ended March 31, Particulars |\n| 2025 2024 2025 2024 Cost of sales 113 111 461 462 Selling and marketing expenses 8 8 34 34 Administrative expenses 4 4 17 17 125 123 512 513 2.20.4 Employee benefit costs include: (In ₹ crore) Three months ended March 31, Year ended March 31, |\n| Particulars 2025 2024 2025 2024 Salaries and bonus(1) 21,447 19,897 83,739 80,532 Defined contribution plans 167 161 677 670 |\n| Defined benefit plans 401 335 1,534 1,418 22,015 20,393 85,950 82,620 (1)Includesanemployeestockcompensationexpenseof₹198croreand₹802croreforthethreemonthsandyearendedMarch31,2025respectivelyand,includesemployee |\n| stock compensation expense of ₹225 crore and ₹652 crore for the three months and year ended March 31, 2024 respectively (Refer to Note 2.11). The employee benefit cost is recognized in the following line items in the consolidated statement of comprehensive income: - (In ₹ crore) Three months ended March 31, Year ended March 31, Particulars 2025 2024 2025 2024 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 161, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "c9bffa7e24a62d82", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 162\n\n| 2.21 Other income, net |\n|---|\n| Otherincomeiscomprisedprimarilyofinterestincome,dividendincome,gain/lossoninvestmentandexchangegain/lossonforwardandoptionscontractsand |\n| ontranslationofforeigncurrencyassetsandliabilities.Interestincomeisrecognizedusingtheeffectiveinterestmethod.Dividendincomeisrecognizedwhen |\n| the right to receive payment is established. |\n| Foreign currency |\n| Accounting policy |\n| Functional currency and presentation currency |\n| ThefunctionalcurrencyofInfosys,itsIndiansubsidiariesandcontrolledtrustsistheIndianrupee.Thefunctionalcurrenciesforforeignsubsidiariesaretheir |\n| respective local currencies. These financial statements are presented in Indian rupees (rounded off to crore; one crore equals ten million). |\n| Transactions and translations |\n| Foreign-currencydenominatedmonetaryassetsandliabilitiesaretranslatedintotherelevantfunctionalcurrencyatexchangeratesineffectattheBalanceSheet |\n| date.ThegainsorlossesresultingfromsuchtranslationsarerecognizedintheinterimConsolidatedStatementofComprehensiveIncomeandreportedwithin |\n| exchangegains/(losses)ontranslationofassetsandliabilities,net,exceptwhendeferredinOtherComprehensiveIncomeasqualifyingcashflowhedges.Non- |\n| monetaryassetsandnon-monetaryliabilitiesdenominatedinaforeigncurrencyandmeasuredatfairvaluearetranslatedattheexchangerateprevalentatthe |\n| datewhenthefairvaluewasdetermined.Non-monetaryassetsandnon-monetaryliabilitiesdenominatedinaforeigncurrencyandmeasuredathistoricalcost |\n| are translated at the exchange rate prevalent at the date of transaction. The related revenue and expense are recognized using the same exchange rate. |\n| Transaction gains or losses realized upon settlement of foreign currency transactions are included in determining net profit for the period in which the |\n| transactionissettled.Revenue,expenseandcash-flowitemsdenominatedinforeigncurrenciesaretranslatedintotherelevantfunctionalcurrenciesusingthe |\n| exchange rate in effect on the date of the transaction. |\n| Thetranslationoffinancialstatementsoftheforeignsubsidiariestothepresentationcurrencyisperformedforassetsandliabilitiesusingtheexchangeratein |\n| effectattheBalanceSheetdateandforrevenue,expenseandcash-flowitemsusingtheaverageexchangeratefortherespectiveperiods.Thegainsorlosses |\n| resultingfromsuchtranslationareincludedincurrencytranslationreservesunderothercomponentsofequity.Whenasubsidiaryisdisposedoff,infull,the |\n| relevantamountistransferredtonetprofitinthestatementofcomprehensiveincome.Howeverwhenachangeintheparent'sownershipdoesnotresultinloss |\n| of control of a subsidiary, such changes are recorded through equity. |\n| OtherComprehensiveIncome,netoftaxesincludestranslationdifferencesonnon-monetaryfinancialassetsmeasuredatfairvalueatthereportingdate,suchas |\n| equities classified as financial instruments and measured at fair value through other comprehensive income (FVOCI). |\n| Goodwillandfairvalueadjustmentsarisingontheacquisitionofaforeignentityaretreatedasassetsandliabilitiesoftheforeignentityandtranslatedatthe |\n| exchange rate in effect at the Balance Sheet date. |\n| Government grants |\n| TheGrouprecognizesgovernmentgrantsonlywhenthereisreasonableassurancethattheconditionsattachedtothemwillbecompliedwith,andthegrantswill |\n| bereceived.Governmentgrantsrelatedtoassetsaretreatedasdeferredincomeandarerecognizedinthenetprofitinthestatementofcomprehensiveincomeon |\n| asystematicandrationalbasisovertheusefullifeoftheasset.Governmentgrantsrelatedtorevenuearerecognizedonasystematicbasisinthestatementof |\n| comprehensive income over the periods necessary to match them with the related costs which they are intended to compensate. |\n| Operating Profits |\n| Operating profit of the Group is computed considering the revenues, net of cost of sales, selling and marketing expenses and administrative expenses. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 162, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "148c43abf407e99f", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and year ended March 31, 2025 | Page: 163\n\n| Other income | for the thre | e mont | hs and | year | ended | March 31, 20 | 25 and March 31, 2024 | is as follo | ws: |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| Particulars |  |  |  |  |  |  |  | Three mo | nths ended Marc | h 31, Year | ended | (In ₹ c March 3 | rore) 1, |\n| Interest income | on financia | l assets | carried | at am | ortized | cost |  |  | 2025 416 | 2024 253 | 2025 1,523 |  | 2024 1,060 |\n| Interest income | on financia | l assets | carried | at fai | r value | through other | comprehensive income |  | 305 | 318 | 1,047 |  | 1,007 |\n| Gain/(loss) on i | nvestments | carried | at fair v | alue t | hrough | other compre | hensive income |  | - | - | 2 |  | - |\n| Gain/(loss) on i | nvestments | carried | at fair v | alue t | hrough | profit or loss |  |  | 54 | 88 | 287 |  | 285 |\n| Gain/(loss) on i | nvestments | carried | at amor | tized | cost |  |  |  | 4 | - | 4 |  | - |\n| Interest income | on income | tax refu | nd |  |  |  |  |  | 328 | 1,916 | 343 |  | 1,965 |\n| Exchange gains | / (losses) o | n forwa | rd and o | ption | s contr | acts |  |  | (70) | 190 | (205) |  | 100 |\n| Exchange gains | / (losses) o | n transl | ation of | other | assets | and liabilities |  |  | 180 | (123) | 464 |  | 87 |\n| Others |  |  |  |  |  |  |  |  | (27) | 87 | 135 |  | 207 |\n| Total |  |  |  |  |  |  |  |  | 1,190 | 2,729 | 3,600 |  | 4,711 |\n| for and on beh | alf of the Bo | ard of | Director | s of I | nfosys | Limited |  |  |  |  |  |  |  |\n|  |  |  | Nandan | M. N | ilekani |  |  | Salil Parek | h |  |  | Bobby Pa | rikh |\n|  |  |  | Chairm | an |  |  |  | Chief Exec | utive Officer |  |  | Director |  |\n|  |  |  |  |  |  |  |  | and Mana | ging Director |  |  |  |  |\n|  |  |  | Jayesh S | angh | rajka |  |  | A.G.S. Ma | nikantha |  |  |  |  |\n|  |  |  | Chief Fi | nanci | al Offi | cer |  | Company | Secretary |  |  |  |  |\n| Bengaluru |  |  |  |  |  |  |  |  |  |  |  |  |  |\n| April 17, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 163, "section": "for the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "a3c5a19109166d11", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 180\n\n| 1. O 2. N | vervie 1.1 Co 1.2 Ba 1.3 Us 1.4 Cr otes to | w mpany overview …………………………………………………………………………………………………… sis of preparation of financial statements …………………………………………………………………………… e of estimates and judgments………………………………………………………………………………………… itical accounting estimates and judgements………………………………………………………………………… Standalone Financial Statements | ……7… ……7 ……7 ……7… |\n|---|---|---|---|\n|  | 2.1 Pr | operty, plant and equipment………………………………………………………………………………………… | ……9… |\n|  | 2.2 Go | odwill and intangible assets………………………………………………………………………………………… | 11 |\n|  | 2.3 Le | ases…………………………………………………………………………………………………………………… | …1.2 |\n|  | 2.4 Ca | pital work-in-progress……………………………………………………………………………………………… | ……1…4 |\n|  | 2.5 In | vestments……………………………………………………………………………………………………………… | .. 15 |\n|  | 2.6 Lo | ans…………………………………………………………………………………………………………………… | ….1..9 |\n|  | 2.7 Ot | her financial assets…………………………………………………………………………………………………… | ……19 |\n|  | 2.8 Tr | ade Receivables ……………………………………………………………………………………………………… | ….19 |\n|  | 2.9 Ca | sh and cash equivalents……………………………………………………………………………………………… | ……20 |\n|  | 2.10 O | ther assets…………………………………………………………………………………………………………… | …20 |\n|  | 2.11 F | inancial instruments………………………………………………………………………………………………… | ……2…1 |\n|  | 2.12 E | quity………………………………………………………………………………………………………………… | …..26 |\n|  | 2.13 O | ther financial liabilities……………………………………………………………………………………………… | ……31 |\n|  | 2.14 T | rade payables………………………………………………………………………………………………………… | . 31 |\n|  | 2.15 O | ther liabilities………………………………………………………………………………………………………… | . 32 |\n|  | 2.16 P | rovisions……………………………………………………………………………………………………………… | . 33 |\n|  | 2.17 I | ncome taxes…………………………………………………………………………………………………………… | . 33 |\n|  | 2.18 R | evenue from operations……………………………………………………………………………………………… | ……36 |\n|  | 2.19 O | ther income, net……………………………………………………………………………………………………… | ….38 |\n|  | 2.20 E | xpenses……………………………………………………………………………………………………………… | .. 39 |\n|  | 2.21 E | mployee Benefits…………………………………………………………………………………………………… | ……4…0 |\n|  | 2.22 E | arnings per equity share……………………………………………………………………………………………… | ……44 |\n|  | 2.23 C | ontingent liabilities and commitments……………………………………………………………………………… | ……44 |\n|  | 2.24 R | elated party transactions…………………………………………………………………………………………… | ……4…4 |\n|  | 2.25 C | orporate social responsibility (CSR)………………………………………………………………………………… | ……52 |\n|  | 2.26 S | egment Reporting…………………………………………………………………………………………………… | ……52. |\n|  | 2.27 R | atios………........……………………………………………………………………………………………………. | 53 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 180, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "6407f67d8f3d06ea", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 181\n\n| INFOSYS Balance Sh ASSETS Non-curren Property, pl Right-of-us Capital wor Goodwill | LIMITED eet as at t assets ant and equipme e assets k-in-progress | nt |  |  | Note No. March 3 2.1 2.3 2.4 2.2 | 1, 2025 10,070 3,078 778 211 | (In March 3 | ₹ crore) 1, 2024 10,813 3,303 277 211 |\n|---|---|---|---|---|---|---|---|---|\n| Financial as Invest Loans Other Deferred ta Income tax Other non-c Total non - Current ass Financial as Invest Trade Cash a Loans | sets ments financial assets x assets (net) assets (net) urrent assets current assets ets sets ments receivables nd cash equivale | nts |  |  | 2.5 2.6 2.7 2.17 2.17 2.10 2.5 2.8 2.9 2.6 | 27,371 26 2,350 497 1,164 2,223 47,768 11,147 26,413 14,265 |  | 23,352 34 1,756 - 2,583 1,669 43,998 11,307 25,152 8,191 |\n| Other Income tax Other curre Total curre Total assets EQUITY A Equity | financial assets assets (net) nt assets nt assets ND LIABILITI | ES |  |  | 2.7 2.17 2.10 2.12 | 207 12,569 2,949 9,618 77,168 124,936 |  | 208 10,129 6,329 9,636 70,952 114,950 |\n| Equity shar Other equit Total equit LIABILITI Non-curren Financial li Lease | e capital y y ES t liabilities abilities liabilities |  |  |  | 2.3 | 2,076 85,256 87,332 2,694 |  | 2,075 79,101 81,176 3,088 |\n| Other Deferred ta Other non-c Total non - Current lia Financial li Lease Trade T T Other Other curre Provisions | financial liabilitie x liabilities (net) urrent liabilities current liabilitie bilities abilities liabilities payables otal outstanding otal outstanding financial liabilitie nt liabilities | s s dues of micro enterp dues of creditors oth s | rises and small enterprise er than micro enterprises | s and small enterprises | 2.13 2.17 2.15 2.3 2.14 2.13 2.15 2.16 | 1,991 1,062 95 5,842 765 8 2,720 14,101 9,159 993 |  | 1,941 1,509 150 6,688 678 92 2,401 11,808 7,681 1,464 |\n| Income tax Total curre Total equit The accomp As per our r for Deloitte Chartered A Firm's Regis 117366W/W Vikas Bagar Partner | liabilities (net) nt liabilities y and liabilities anying notes for eport of even dat Haskins & Sells ccountants tration No: -100018 ia | m an integral part of e attached LLP | the standalone financial for and on behalf of NandNaann Mda.n N Mile. kNainleikani ChaiCrmhaainrman | statements. the Board of Directors of Infosy | 2.17 s Limited Salil Parekh Chief Executive Officer | 4,016 31,762 124,936 | Bobby Parikh Director | 2,962 27,086 114,950 |\n| Membership | No. 060408 |  | DIN: 00041245 Jayesh Sanghrajka |  | and Managing Director DIN: 01876159 A.G.S. Manikantha Company Secretary |  | DIN: 000194 | 37 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 181, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "c257cce574199e78", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 182\n\n| INFOSYS LIMITED Statement of Profit and Los | s for the |  | N | ( ote No. | In ₹ crore | except equity | share and per equi Year ended Ma 2025 | ty share data) rch 31, 2024 |\n|---|---|---|---|---|---|---|---|---|\n| Revenue from operations Other income, net Total income Expenses Employee benefit expenses Cost of technical sub-contract Travel expenses Cost of software packages an Communication expenses Consultancy and professional Depreciation and amortization | ors d others charges expenses |  | 2.1, | 2.18 2.19 2.20 2.20 2.2.2, 2.3 |  |  | 136,592 4,782 141,374 67,466 19,353 1,467 9,617 448 1,245 2,619 | 128,933 7,417 136,350 65,139 18,638 1,372 6,891 489 1,059 2,944 |\n| Finance cost Other expenses Total expenses Profit before tax Tax expense: Current tax Deferred tax Profit for the year Other comprehensive incom Items that will not be reclassi | e fied subsequently t | o profit or loss |  | 2.20 2.17 2.17 |  |  | 221 3,497 105,933 35,441 10,836 (963) 25,568 | 277 3,588 100,397 35,953 7,306 1,413 27,234 |\n| Remeasurement of the net Equity instruments through Items that will be reclassified Fair value changes on deriv | defined benefit liabi other comprehensi subsequently to pr atives designated a | lity/asset, net ve income, net ofit or loss s cash flow hedge, net | 2.1 2.5 2.1 | 7 & 2.21 & 2.17 1 & 2.17 |  |  | (81) 19 | 128 19 |\n| Fair value changes on inves Total other comprehensive i | tments, net ncome/ (loss), net | of tax | 2.5 | & 2.17 |  |  | (24) 191 | 11 129 |\n| Total comprehensive incom | e for the year |  |  |  |  |  | 105 | 287 |\n| Earnings per equity share Equity shares of par value ₹5/ Basic (in ₹ per share) | - each |  |  | 2.22 |  |  | 25,673 61.58 | 27,521 65.62 |\n| Diluted (in ₹ per share) Weighted average equity sh Basic (in shares) Diluted (in shares) The accompanying notes form As per our report of even date | ares used in comp an integral part o attached | uting earnings per equity share f the standalone financial statements. |  | 2.22 2.22 2.22 |  |  | 61.46 4,151,936,905 4,159,905,476 | 65.56 4,150,099,796 4,153,994,624 |\n| for Deloitte Haskins & Sells Chartered Accountants Firm's Registration No: 117366W/W-100018 Vikas Bagaria Partner | LLP |  | for an Nandan M. Nilekani Chairman | d on behalf of | the Board Salil Parek Chief Exec | of Directors h utive Officer | of Infosys Limited Bo Dir | bby Parikh ector |\n| Membership No. 060408 |  |  | DIN: 00041245 Jayesh Sanghrajka |  | and Mana DIN: 018 A.G.S. | ging Director 76159 Manikantha | DI | N: 00019437 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 182, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "0d872174b50e8cd9", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 183\n\n| INFOSYS LIMITED Statement of Change Particulars | s in Equity |  |  |  | Equ | Ca ity | pital reserve |  | Capital redempti | Res Securitie on Premiu | erves & s m | Su Ret ear | rplus ained Genera nings reserve | Othe l | r Equity Shar Optio | e ns | Spec Econ | ial Equity omic thro | Other comprehensive Instruments Effective porti ugh other of Cash flow | inco on | me Other items other | (In of Total equity attri | ₹ crore) butable |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| Balance as at April 1, Changes in equity fo Profit for the year Remeasurement of the Equity instruments thr and 2.17) Fair value changes on note 2.11) Fair value changes on | 2023 r the year ende net defined ben ough other com derivatives desi investments, ne | d March 31, 20 efit liability/asse prehensive inco gnated as cash fl t* (Refer to note | 24 t, net* me, net* ow hed 2.5 and | (Refer to note 2.5 ge, net*(Refer to 2.17) | Sha Cap | re Capita ital reserv 2,074 - - - - - | l Othe e reserve 54 - - - - - | r s (2) 2,862 - - - - - | reserve | 169 - - - - - | 133 - - - - - |  | 52,183 27,234 - - - - | 2 - - - - - | Outstan Accou | ding nt i 878 - - - - - | Zone nvest reserv | Re- comp ment i e (1) 9,654 - - - - - | rehensive hedges ncome 260 - - 19 - - | (5) - - - 11 - | comprehens income / (lo | to equity holder ive Company ss) (519) - 128 - - 129 | s of the 67,745 27,234 128 19 11 129 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 183, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d0718bf5dd5e482b", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 184\n\n| Fair value changes on investments, net* (Refer to note 2.5 and 2.17) - - - - - - - - - - - 191 191 Total comprehensive income for the year - - - - - 25,568 - - - 19 (24) 110 25,673 Transferred from Special Economic Zone Re-investment reserve on utilization - - - - - 821 - - (821) - - - Transferred from Special Economic Zone Re-investment reserve to retained - - - - - 2,999 - - (2,999) - - - earnings Transferred to Special Economic Zone Re-investment reserve - - - - - (74) - - 74 - - - Transferred on account of exercise of stock options - - - - 472 - - (472) - - - - Transferred on account of options not exercised - - - - - - 197 (197) - - - - Shares issued on exercise of employee stock options (Refer to note 2.12) 1 - - - 2 - - - - - - - 3 Employee stock compensation expense (Refer to note 2.12) - - - - - - - 786 - - - - 786 Income tax benefit arising on exercise of stock options (Refer to note 2.17) - - - - - - - 39 - - - - 39 Dividends - - - - - (20,345) - - - - - - (20,345 Balance as at March 31, 2025 2,076 54 2,862 169 1,054 71,520 359 1,069 8,041 298 (18) (152) 87,332 *net of tax (1)TheSpecialEconomicZoneRe-investmentReservehasbeencreatedoutoftheprofitofeligibleSEZunitsintermsoftheprovisionsofSec10AA(1)(ii)ofIncomeTaxAct,1961.ThereserveshouldbeutilizedbytheCompanyforacquiringnewplantandmachineryforthepurposeofitsbusinessinthetermsof the Sec 10AA(2) of the Income Tax Act, 1961. (2)Profit / loss on transfer of business between entities under common control taken to reserve. The accompanying notes form an integral part of the standalone financial statements. As per our report of even date attached for Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited |\n|---|\n| Chartered Accountants Firm's Registration No: 117366W/W-100018 Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director |\n| Membership No. 060408 DIN: 00041245 and Managing Director DIN: 00019437 DIN: 01876159 Jayesh Sanghrajka A.G.S. Manikantha Bengaluru Chief Financial Officer Company Secretary |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 184, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "7ae56c16dcc62396", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 185\n\n| ofpastorfutureoperatingcashreceiptsorpaymentsanditemofincomeorexpensesassociatedwithinvestingorfinancingcashflows.Thecashflowsfromoperating, investingandfinancingactivitiesoftheCompanyaresegregated.TheCompanyconsidersallhighlyliquidinvestmentsthatarereadilyconvertibletoknownamounts of cash to be cash equivalents. (In ₹ crore) |\n|---|\n| Particulars Note No. Year ended March 31, 2025 2024 Cash flow from operating activities: Profit for the year 25,568 27,234 Adjustments to reconcile net profit to net cash provided by operating activities: |\n| Depreciation and Amortization 2.1, 2.2.2, 2.3 2,619 2,944 Income tax expense 2.17 9,873 8,719 Impairment loss recognized / (reversed) under expected credit loss model (7) 130 Finance cost 221 277 Interest and dividend income 2.19 (3,699) (4,670) |\n| Stock compensation expense 2.12 712 575 |\n| Provision for post sale client support (114) 77 |\n| Exchange differences on translation of assets and liabilities, net 170 63 |\n| Interest receivable on income tax refund (327) (1,934) Other adjustments 165 235 Changes in assets and liabilities Trade receivables and unbilled revenue (2,994) (2,933) |\n| Loans, other financial assets and other assets (1,942) (1,645) Trade payables 236 67 Other financial liabilities, other liabilities and provisions 3,529 (117) Cash generated from operations 34,010 29,022 Income taxes paid (4,601) (8,235) |\n| Net cash generated by operating activities 29,409 20,787 Cash flow from investing activities: Expenditure on property, plant and equipment (1,587) (1,832) |\n| Deposits placed with corporation (1,026) (688) |\n| Redemption of deposits placed with corporation 593 522 Interest and dividend received 1,672 1,441 Dividend received from subsidiary 1,522 2,976 Loan given to subsidiaries (10) - Loan repaid by subsidiaries - 4 Investment in subsidiaries (4,361) (63) Payment towards acquisition of entities (184) - Receipt / (payment) towards business transfer for entities under common control - 35 Receipt / (payment) from entities under liquidation - 80 Other receipts 2 123 Payments to acquire investments Liquid mutual fund units (66,637) (57,606) Commercial papers (6,058) (9,405) |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 185, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "79f2a5935ea64e97", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 186\n\n| Particulars Cash flow from financing Payment of lease liabilities | activities: |  |  |  | No | te No. Ye 2.3 | ar ended 2025 (859) | March 3 | 1, 2024 (850) |\n|---|---|---|---|---|---|---|---|---|---|\n| Shares issued on exercise of Other payments Payment of dividends Net cash used in financing | employee sto activities | ck options |  |  |  |  | 3 (186) (20,337) (21,379) |  | 1 (243) (14,733) (15,825) |\n| Net increase / (decrease) in Effect of exchange differenc Cash and cash equivalents a Cash and cash equivalents Supplementary informatio Restricted cash balance | cash and cash es on translati t the beginnin at the end of n: | equivalents on of foreign currenc g of the year the year | y cash and c | ash equivalents |  | 2.9 2.9 2.9 | 6,087 (13) 8,191 14,265 45 |  | 1,701 (44) 6,534 8,191 44 |\n| The accompanying notes fo As per our report of even da for Deloitte Haskins & Sell Chartered Accountants Firm's Registration No: 117366W/W-100018 | rm an integral te attached s LLP | part of the standalo | ne financial for and on b | statements. ehalf of the Board of Directors of I | nfosys Lim | ited |  |  |  |\n| Vikas Bagaria |  |  | Nandan M. | Nilekani | Salil Parek | h |  | Bobby P | arikh |\n| Partner |  |  | Chairman |  | Chief Exe | cutive Officer |  | Director |  |\n| Membership No. 060408 |  |  | DIN: 00041 | 245 | and Mana | ging Director |  | DIN: 000 | 19437 |\n|  |  |  |  |  | DIN: 0187 | 6159 |  |  |  |\n| Bengaluru |  |  | Jayesh Sang | hrajka | A.G.S. M | anikantha |  |  |  |\n| April 17, 2025 |  |  | Chief Finan | cial Officer | Company | Secretary |  |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 186, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "764a8463ab07a4fe", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 187\n\n| INFOSYS LIMITED |\n|---|\n| Overview and Notes to the Standalone Financial Statements 1. Overview |\n| 1.1 Company overview InfosysLimited('theCompany'orInfosys)providesconsulting,technology,outsourcingandnext-generationdigitalservices,toenableclientstoexecutestrategies fortheirdigitaltransformation.Infosysstrategicobjectiveistobuildasustainableorganizationthatremainsrelevanttotheagendaofclients,whilecreatinggrowth |\n| opportunitiesforemployeesandgeneratingprofitablereturnsforinvestors.Infosysstrategyistobeanavigatorforourclientsastheyideate,planandexecuteon their journey to a digital future. TheCompanyisapubliclimitedcompanyincorporatedanddomiciledinIndiaandhasitsregisteredofficeatElectronicsCity,HosurRoad,Bengaluru560100, |\n| Karnataka,India.ThecompanyhasitsprimarylistingsontheBSELtd.andNationalStockExchangeofIndiaLimited.TheCompany’sAmericanDepositary Shares (ADS) representing equity shares are listed on the New York Stock Exchange (NYSE). |\n| The standalone financial statements are approved for issue by the Company's Board of Directors on April 17, 2025. |\n| 1.2 Basis of preparation of financial statements ThesestandalonefinancialstatementsarepreparedinaccordancewiththeprovisionsoftheCompaniesAct,2013(''theAct''),guidelinesissuedbytheSecurities andExchangeBoardofIndia(SEBI)andIndianAccountingStandard(IndAS)underthehistoricalcostconventiononaccrualbasisexceptforcertainfinancial instrumentswhicharemeasuredatfairvalues,definedbenefitliability/(asset)whichisrecognizedatthepresentvalueofdefinedbenefitobligationlessfairvalue |\n| ofplanassets.TheIndASareprescribedunderSection133oftheActreadwithRule3oftheCompanies(IndianAccountingStandards)Rules,2015 andrelevant amendment rules issued thereafter. Accountingpolicieshavebeenconsistentlyappliedexceptwhereanewlyissuedaccountingstandardisinitiallyadoptedorarevisiontoanexistingaccounting standard requires a change in the accountingpolicyhithertoin use. The materialaccountingpolicyinformation used in preparation ofthe audited condensed |\n| standalone interim financial statements have been discussed in the respective notes. Astheyeartodatefiguresaretakenfromthesourceandroundedtothenearestdigits,thefiguresreportedforthepreviousquartersmightnotalwaysadduptothe |\n| year to date figures reported in this statement. |\n| 1.3 Use of estimates and judgments ThepreparationofthefinancialstatementsinconformitywithIndASrequiresthemanagementtomakeestimates,judgmentsandassumptions.Theseestimates, judgmentsandassumptionsaffecttheapplicationofaccountingpoliciesandthereportedamountsofassetsandliabilities,thedisclosuresofcontingentassetsand liabilitiesatthedateofthefinancialstatementsandreportedamountsofrevenuesandexpensesduringtheperiod.Theapplicationofaccountingpoliciesthat |\n| requirecriticalaccountingestimatesinvolvingcomplexandsubjectivejudgmentsandtheuseofassumptionsinthesefinancialstatementshavebeendisclosedin Noteno.1.4.Accountingestimatescouldchangefromperiodtoperiod.Actualresultscoulddifferfromthoseestimates.Appropriatechangesinestimatesaremade as management becomes aware of changes in circumstances surrounding the estimates. Changes in estimates and judgements are reflected in the financial statements in the period in which changes are made and, if material, their effects are disclosed in the notes to the standalone financial statements. |\n| 1.4 Critical accounting estimates and judgments |\n| a. Revenue recognition The Company’s contracts with customers include promises to transfer multiple products and services to a customer. Revenues from customer contracts are consideredforrecognitionandmeasurementwhenthecontracthasbeenapproved,inwriting,bythepartiestothecontract,thepartiestocontractarecommittedto performtheirrespectiveobligationsunderthecontract,andthecontractislegallyenforceable.TheCompanyassesses the servicespromised ina contractand |\n| identifiesdistinctperformanceobligationsinthecontract.Identificationofdistinctperformanceobligationstodeterminethedeliverablesandtheabilityofthe customer to benefit independently from such deliverables, and allocation of transaction price to these distinct performance obligations involves significant judgement. Fixedpricemaintenancerevenueisrecognizedratablyonastraight-linebasiswhenservicesareperformedthroughanindefinitenumberofrepetitiveactsovera specifiedperiod.Revenuefromfixedpricemaintenancecontractisrecognizedratablyusingapercentageofcompletionmethodwhenthepatternofbenefitsfrom |\n| theservicesrenderedtothecustomerandCompany’scoststofulfilthecontractisnoteventhroughtheperiodofthecontractbecausetheservicesaregenerally discreteinnatureandnotrepetitive.Theuseofmethodtorecognizethemaintenancerevenuesrequiresjudgmentandisbasedonthepromisesinthecontractand nature of the deliverables. TheCompanyusesthepercentage-of-completionmethodinaccountingforotherfixed-pricecontracts.Useofthepercentage-of-completionmethodrequiresthe Companytodeterminetheactualeffortsorcostsexpendedtodateasaproportionoftheestimatedtotaleffortsorcoststobeincurred.Effortsorcostsexpended |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 187, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "cb7eac38496fb12d", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 188\n\n| goodsorservicesbeforetheyaretransferredtothecustomer.TheCompanyconsiderswhetheritisprimarilyresponsibleforfulfillingthepromisetoprovidethe specifiedgoodsorservices,inventoryrisk,pricingdiscretionandotherfactorstodeterminewhetheritcontrolsthespecifiedgoodsorservicesandtherefore,is acting as a principal or an agent. Provisionsforestimatedlosses,ifany,onincompletecontractsarerecordedintheperiodinwhichsuchlossesbecomeprobablebasedontheestimatedeffortsor |\n|---|\n| costs to complete the contract. |\n| b. Income taxes |\n| The Company's two major tax jurisdictions are India and the United States, though the Company also files tax returns in other overseas jurisdictions. |\n| Significant judgments are involved in determining the provision for income taxes, including amount expected to be paid/recovered for uncertain tax positions. In assessing the realizability of deferred income tax assets, Management considers whether some portion or all of the deferred income tax assets will not be realized. The ultimate realization of deferred income tax assets is dependent upon the generation of future taxable income during the periods in which the temporary differencesbecomedeductible.Managementconsidersthescheduledreversalsofdeferredincometaxliabilities,projectedfuturetaxableincomeandtaxplanning |\n| strategies in makingthis assessment. Based on the levelofhistoricaltaxable income and projections for future taxable income over the periods in whichthe deferred income tax assets are deductible, management believes that the companywillrealize the benefits ofthose deductibledifferences. Theamount ofthe deferredincometaxassetsconsideredrealizable,however,couldbereducedintheneartermifestimatesoffuturetaxableincomeduringthecarryforwardperiod are reduced. (Refer to note 2.17) |\n| c. Property, plant and equipment Property,plantandequipmentrepresentasignificantproportionoftheassetbaseoftheCompany.Thechargeinrespectofperiodicdepreciationisderivedafter determininganestimateofanasset’sexpectedusefullifeandtheexpectedresidualvalueattheendofitslife.TheusefullivesandresidualvaluesofCompany's |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 188, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "22720bab4e6bee42", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 189\n\n| 2. Notes to the Standalone Financial Statements 2.1 PROPERTY, PLANT AND EQUIPMENT |\n|---|\n| Accounting Policy Property,plantandequipmentarestatedatcost,lessaccumulateddepreciationandimpairment,ifany.Costsdirectlyattributabletoacquisitionarecapitalizeduntiltheproperty,plantandequipmentarereadyfor |\n| use,asintendedbytheManagement.Thechargeinrespectofperiodicdepreciationisderivedatafterdetermininganestimateofanasset’sexpectedusefullifeandtheexpectedresidualvalueattheendofitslife. The Company depreciates property, plant and equipment over their estimated useful lives using the straight-line method. The estimated useful lives of assets are as follows: Building(1) 22-25 years Plant and machinery(1) 5 years Office equipment 5 years Computer equipment(1) 3-5 years |\n| Furniture and fixtures(1) 5 years Vehicles(1) 5 years Leasehold improvements Lower of useful life of the asset or lease term (1)Basedontechnicalevaluation,theManagementbelievesthattheusefullivesasgivenabovebestrepresenttheperiodoverwhichManagementexpectstousetheseassets.Hence,theusefullivesforthese assets is different from the useful lives as prescribed under Part C of Schedule II of the Companies Act 2013. Depreciationmethods,usefullivesandresidualvaluesarereviewedperiodically,includingateachfinancialyearend.Theusefullivesarebasedonhistoricalexperiencewithsimilarassetsaswellasanticipationof |\n| future events, which may impact their life, such as changes in technology. Advancespaidtowardstheacquisitionofproperty,plantandequipmentoutstandingateachBalanceSheetdateisclassifiedascapitaladvancesunderothernon-currentassetsandthecostofassetsnotreadyto usebeforesuchdatearedisclosedunder‘Capitalwork-in-progress’.Subsequentexpendituresrelatingtoproperty,plantandequipmentiscapitalizedonlywhenitisprobablethatfutureeconomicbenefits |\n| associatedwiththesewillflowtotheCompanyandthecostoftheitemcanbemeasuredreliably.Thecostandrelatedaccumulateddepreciationareeliminatedfromthefinancialstatementsuponsaleorretirement of the asset. |\n| Impairment Property,plantandequipmentareevaluatedforrecoverabilitywhenevereventsorchangesincircumstancesindicatethattheircarryingamountsmaynotberecoverable.Forthepurposeofimpairmenttesting,the |\n| recoverableamount(i.e.thehigherofthefairvaluelesscosttosellandthevalue-in-use)isdeterminedonanindividualassetbasisunlesstheassetdoesnotgeneratecashflowsthatarelargelyindependentofthose from other assets. In such cases, the recoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs. Ifsuchassetsareconsideredtobeimpaired,theimpairmenttoberecognizedintheStatementofProfitandLossismeasuredbytheamountbywhichthecarryingvalueoftheassetsexceedstheestimated recoverableamountoftheasset.AnimpairmentlossisreversedintheStatementofProfitandLossiftherehasbeenachangeintheestimatesusedtodeterminetherecoverableamount.Thecarryingamountofthe |\n| assetisincreasedtoitsrevisedrecoverableamount,providedthatthisamountdoesnotexceedthecarryingamountthatwouldhavebeendetermined(netofanyaccumulateddepreciation)hadnoimpairmentloss been recognized for the asset in prior years. The changes in the carrying value of property, plant and equipment for the year ended March 31, 2025 are as follows: |\n| (In ₹ crore) Land- Plant and Office Computer Furniture and Leasehold (1)(2) |\n| Particulars Buildings Vehicles Total Freehold machinery(2) Equipment(2) equipment(2) fixtures(2) Improvements Gross carrying value as at April 1, 2024 1,430 10,679 3,214 1,370 7,379 2,160 963 45 27,240 Additions 47 32 45 97 1,013 47 68 2 1,351 Deletions** - (90) (21) (44) (475) (81) (250) (1) (962) Gross carrying value as at March 31, 2025 1,477 10,621 3,238 1,423 7,917 2,126 781 46 27,629 Accumulated depreciation as at April 1, 2024 - (4,575) (2,732) (1,139) (5,497) (1,709) (733) (42) (16,427) |\n| Depreciation - (402) (176) (99) (1,034) (166) (125) (2) (2,004) Accumulated depreciation on deletions** - 13 20 43 469 79 247 1 872 Accumulated depreciation as at March 31, 2025 - (4,964) (2,888) (1,195) (6,062) (1,796) (611) (43) (17,559) Carrying value as at April 1, 2024 1,430 6,104 482 231 1,882 451 230 3 10,813 Carrying value as at March 31, 2025 1,477 5,657 350 228 1,855 330 170 3 10,070 ** During the Year ended March 31, 2025, certain assets which were not in use having gross book value of ₹411 crore (net book value: Nil) were retired. The changes in the carrying value of property, plant and equipment for the Year ended March 31, 2024 are as follows: (In ₹ crore) Land- Plant and Office Computer Furniture and Leasehold Particulars Buildings(1)(2) Vehicles Total Freehold machinery(2) Equipment(2) equipment(2) fixtures(2) Improvements Gross carrying value as at April 1, 2023 1,429 10,445 3,144 1,314 7,235 2,129 968 45 26,709 Additions 1 289 119 90 765 100 70 1 1,435 Additions through business transfer (Refer to note 2.5) - - - 2 12 8 12 - 34 Deletions* - (55) (49) (36) (633) (77) (87) (1) (938) |\n| Gross carrying value as at March 31, 2024 1,430 10,679 3,214 1,370 7,379 2,160 963 45 27,240 Accumulated depreciation as at April 1, 2023 - (4,223) (2,558) (1,060) (4,977) (1,549) (646) (40) (15,053) Depreciation - (407) (223) (114) (1,144) (230) (171) (3) (2,292) Accumulated depreciation on deletions* - 55 49 35 624 70 84 1 918 Accumulated depreciation as at March 31, 2024 - (4,575) (2,732) (1,139) (5,497) (1,709) (733) (42) (16,427) Carrying value as at April 1, 2023 1,429 6,222 586 254 2,258 580 322 5 11,656 Carrying value as at March 31, 2024 1,430 6,104 482 231 1,882 451 230 3 10,813 *During the year ended March 31, 2024, certain assets which were not in use having gross book value of ₹646 crore (net book value: Nil), were retired. (1) Buildings include ₹250/- being the value of five shares of ₹50/- each in Mittal Towers Premises Co-operative Society Limited. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 189, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d27ae843f56ad6cd", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 190\n\n| Furniture an Computer E Leasehold I Office equip (1) During th Particulars | d fixtures(1) quipment mprovement ment(1) e year ended | March 31 | , 2025, cert | ain assets provided on | operating lease | which were not in use having gross book value of ₹2 crore (net book | 36 28 29 2 2 40 40 22 23 value: Nil) were retired. Yea | 34 25 25 2 2 30 24 20 20 (In ₹ r ended March | 2 3 4 - - 10 16 2 3 crore) 31, |\n|---|---|---|---|---|---|---|---|---|---|\n| Aggregate d | epreciation c | harged on | above asse | ts ₹ |  | ₹ |  | 2025 21 | 2024 26 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 190, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "4e72be9481ec1220", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 191\n\n| 2.2 GOODWILL AND INTANGIBLE ASSETS |\n|---|\n| 2.2.1 Goodwill Following is a summary of changes in the carrying amount of goodwill: (In ₹ crore) Particulars As at |\n| March 31, 2025 March 31, 2024 Carrying value at the beginning 211 211 Carrying value at the end 211 211 The allocation of goodwill to operating segments as at March 31, 2025 and March 31, 2024 is as follows: (In ₹ crore) Segment As at March 31, 2025March 31, 2024 Financial services 64 64 Retail 34 34 |\n| Communication 28 28 Energy, Utilities, Resources and Services 27 27 Manufacturing 21 21 174 174 Operating segments without significant goodwill 37 37 Total 211 211 |\n| 2.2.2 Other Intangible Assets |\n| Accounting Policy Intangibleassetsarestatedatcostlessaccumulatedamortizationandimpairment.Intangibleassetsareamortizedovertheirrespectiveindividualestimatedusefullivesona straight-linebasis,fromthedatethattheyareavailableforuse.Theestimatedusefullifeofanidentifiableintangibleassetisbasedonanumberoffactorsincludingtheeffects |\n| ofobsolescence,demand,competition,andothereconomicfactors(suchasthestabilityoftheindustry,andknowntechnologicaladvances),andthelevelofmaintenance expendituresrequiredtoobtaintheexpectedfuturecashflowsfromtheasset.Amortizationmethodsandusefullivesarereviewedperiodicallyincludingateachfinancialyear end. Research costs are expensed as incurred. Software product development costs are expensed as incurred unless technical and commercial feasibility of the project is |\n| demonstrated,futureeconomicbenefitsareprobable,theCompanyhasanintentionandabilitytocompleteanduseorsellthesoftwareandthecostscanbemeasuredreliably. The costs which can be capitalized include the cost of material, direct labor, overhead costs that are directly attributable to prepare the asset for its intended use. The changes in the carrying value of acquired intangible assets for the year ended March 31, 2025 are as follows (In ₹ crore) Customer Software Trade name Particulars Others Total related related related Gross carrying value as at April 1, 2024 113 54 26 26 219 Deletions - - - - - |\n| Gross carrying value as at March 31, 2025 113 54 26 26 219 Accumulated amortization as at April 1, 2024 (113) (54) (26) (26) (219) Amortization expense - - - - - Accumulated amortization on deletions - - - - - Accumulated amortization as at March 31, 2025 (113) (54) (26) (26) (219) Carrying value as at March 31, 2025 - - - - - Carrying value as at April 1, 2024 - - - - - Following are the changes in the carrying value of acquired intangible assets for the year ended March 31, 2024: (In ₹ crore) Customer Software Trade name Particulars Others Total related related related Gross carrying value as at April 1, 2023 113 54 26 26 219 Deletions - - - - - Gross carrying value as at March 31, 2024 113 54 26 26 219 |\n| Accumulated amortization as at April 1, 2023 (113) (51) (26) (26) (216) Amortization expense - (3) - - (3) Accumulated amortization on deletions - - - - - Accumulated amortization as at March 31, 2024 (113) (54) (26) (26) (219) Carrying value as at March 31, 2024 - - - - - Carrying value as at April 1, 2023 - 3 - - 3 Estimated Useful Life (in years) 7 2 5 5 Estimated Remaining Useful Life (in years) - - - - |\n| The amortization expense has been included under depreciation and amortization expense in the Standalone Statement of Profit and Loss. Research and Development Expenditure |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 191, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "92361295bad81f55", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 192\n\n| Accounting Policy |\n|---|\n| The Company as a lessee TheCompany’sleaseassetclassesprimarilyconsistofleasesforland,buildingsandcomputers.TheCompanyassesseswhetheracontractcontainsalease,atinceptionofacontract.A contractis,orcontains,aleaseifthecontractconveystherighttocontroltheuseofanidentifiedassetforaperiodoftimeinexchangeforconsideration.Toassesswhetheracontract |\n| conveystherighttocontroltheuseofanidentifiedasset,theCompanyassesseswhether:(i)thecontractinvolvestheuseofanidentifiedasset(ii)theCompanyhassubstantiallyallof the economic benefits from use of the asset through the period of the lease and (iii) the Company has the right to direct the use of the asset. Atthedateofcommencementofthelease,theCompanyrecognizesaright-of-useasset(“ROU”)andacorrespondingleaseliabilityforallleasearrangementsinwhichitisalessee, exceptforleaseswithatermoftwelvemonthsorless(short-termleases)andlowvalueleases.Fortheseshort-termandlowvalueleases,theCompanyrecognizestheleasepaymentsas |\n| an operating expense on a straight-line basis over the term of the lease. Asalessee,theCompanydeterminestheleasetermasthenon-cancellableperiodofaleaseadjustedwithanyoptiontoextendorterminatethelease,iftheuseofsuchoptionis reasonablycertain.TheCompanymakesanassessmentontheexpectedleasetermonalease-by-leasebasisandtherebyassesseswhetheritisreasonablycertainthatanyoptionsto |\n| extendorterminatethecontractwillbeexercised.Inevaluatingtheleaseterm,theCompanyconsidersfactorssuchasanysignificantleaseholdimprovementsundertakenoverthelease term,costsrelatingtotheterminationoftheleaseandtheimportanceoftheunderlyingassettoInfosys’soperationstakingintoaccountthelocationoftheunderlyingassetandthe availability of suitable alternatives. The lease term in future periods is reassessed to ensure that the lease term reflects the current economic circumstances. Certainleasearrangementsincludetheoptionstoextendorterminatetheleasebeforetheendoftheleaseterm.ROUassetsandleaseliabilitiesincludestheseoptionswhenitis |\n| reasonably certain that they will be exercised. Theright-of-useassetsareinitiallyrecognizedatcost,whichcomprisestheinitialamountoftheleaseliabilityadjustedforanyleasepaymentsmadeatorpriortothecommencement |\n| date of the lease plus any initial direct costs less any lease incentives. They are subsequently measured at cost less accumulated depreciation and impairment losses. Right-of-useassetsaredepreciatedfromthecommencementdateonastraight-linebasisovertheshorteroftheleasetermandusefullifeoftheunderlyingasset.Right-of-useassetsare evaluatedforrecoverabilitywhenevereventsorchangesincircumstancesindicatethattheircarryingamountsmaynotberecoverable.Forthepurposeofimpairmenttesting,the |\n| recoverableamount(i.e.thehigherofthefairvaluelesscosttosellandthevalue-in-use)isdeterminedonanindividualassetbasisunlesstheassetdoesnotgeneratecashflowsthatare largely independent of those from other assets. In such cases, the recoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs. Theleaseliabilityisinitiallymeasuredatamortizedcostatthepresentvalueofthefutureleasepayments.Theleasepaymentsarediscountedusingtheinterestrateimplicitinthelease |\n| or,ifnotreadilydeterminable,usingtheincrementalborrowingratesinthecountryofdomicileoftheseleases.Leaseliabilitiesareremeasuredwithacorrespondingadjustmenttothe related right of use asset if the Company changes its assessment if whether it will exercise an extension or a termination option. |\n| Lease liability and ROU asset have been separately presented in the Balance Sheet and lease payments have been classified as financing cash flows. |\n| The Company as a lessor LeasesforwhichtheCompanyisalessorisclassifiedasafinanceoroperatinglease.Wheneverthetermsoftheleasetransfersubstantiallyalltherisksandrewardsofownershiptothe |\n| lessee, the contract is classified as a finance lease. All other leases are classified as operating leases. WhentheCompanyisanintermediatelessor,itaccountsforitsinterestsintheheadleaseandthesubleaseseparately.Thesubleaseisclassifiedasafinanceoroperatingleaseby |\n| reference to the right-of-use asset arising from the head lease. |\n| For operating leases, rental income is recognized on a straight line basis over the term of the relevant lease. Following are the changes in the carrying value of right of use assets for the year ended March 31, 2025: (In ₹ crore) Particulars Category of ROU asset Total Land Buildings Computers Balance as at April 1, 2024 534 2,266 503 3,303 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 192, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "11fba26833a8d8f3", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 193\n\n| Additions* Deletions Impairment Depreciation Balance as at * Net of adjust | March 31, 2024 ments on account | of modificatio | ns and leas | e incentives |  |  |  |  |  | - (10) - (4) 534 | 336 (169) (88) (482) 2,266 | 420 (92) - (169) 503 |  | (271) (88) (655) 3,303 |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| The aggregate The following Particulars | depreciation expe is the break-up of | nse on ROU a current and no | ssets is inclu n-current le | ded under de ase liabilities | preci as at | ation and a March 31 | mortizatio , 2025 and | n expense i March 31, | n the statement of Profit and 2024: | Loss. | Marc | As a h 31, | (In ₹ t Ma | crore) rch 31, |\n| Current lease l Non-current le Total The movemen Particulars Balance at th | iabilities ase liabilities t in lease liabilities e beginning | during the ye | ar ended M | arch 31, 2025 | and | March 31, | 2024 is as | follows : |  |  | Marc | 2025 765 2,694 3,459 As a h 31, 2025 3,766 | (In ₹ t Ma | 2024 678 3,088 3,766 crore) rch 31, 2024 4,266 |\n| Additions Finance cost a Deletions Payment of le Translation Di Balance at th The table belo Particulars | ccrued during the ase liabilities fference e end w provides details | period regarding the | contractual | maturities of | lease | liabilities | as at Marc | h 31, 2025 | and March 31, 2024 on an un | discounted | basis: Marc | 718 162 (394) (859) 66 3,459 As a h 31, | (In ₹ t Ma | 590 166 (413) (852) 9 3,766 crore) rch 31, |\n| Less than one One to five ye More than five Total The Company | year ars years does not face a sig | nificant liquid | ity risk with | regard to its | lease | liabilities | as the curr | ent assets a | re sufficient to meet the oblig | ations relat | ed to lease liab | 2025 812 2,152 990 3,954 ilities as | and | 2024 803 2,735 819 4,357 when |\n| they fall due. Rental expens | e recorded for shor | t-term leases | was ₹19 cro | re and ₹16 cr | ore fo | r the year | ended Mar | ch 31, 202 | 5 and March 31, 2024. |  |  |  |  |  |\n| Leases not yet The following Particulars | commenced to wh is the movement i | ich Company n the net inves | is committe tment in lea | d is ₹66 crore se during the | for a year | lease term ended Mar | up to 5 y ch 31, 202 | ears. 5 and Marc | h 31, 2024: |  | Marc | As a h 31, 2025 | (In ₹ t Ma | crore) rch 31, 2024 |\n| Balance at th Addition Interest incom Lease receipts Translation Di Balance at th | e beginning e accrued during t fference e end | he period |  |  |  |  |  |  |  |  |  | 319 268 11 (133) 4 469 |  | 131 193 6 (8) (3) 319 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 193, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "74b9bfe59c0f4a10", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 194\n\n| 2.4 CAPITAL WORK -IN-PROGRESS Changes in capital work-in-progress are as follows: (In ₹ crore) Particulars As at March 31, March 31, |\n|---|\n| 2025 2024 Balance at the beginning 277 275 Additions during the year 1,805 1,436 Capitalized during the year (1,304) (1,434) Balance at the end 778 277 The capital work-in-progress ageing schedule for the year ended March 31, 2025 and March 31, 2024 is as follows: (In ₹ crore) Particulars Amount in CWIP for a period of Less than 1-2 years 2-3 yearsMore than 3 Total 1 year years |\n| Projects in progress 540 204 22 12 778 243 22 1 11 277 Total Capital work-in-progress 5 40 204 22 12 778 243 22 1 11 277 Forcapital-work-inprogress,whosecompletionisoverdueorhasexceededitscostcomparedtoitsoriginalplantheprojectwisedetailsofwhentheprojectisexpectedtobecompleted is given below as of March 31, 2025 and March 31, 2024: (In ₹ crore) Particulars To be completed in Less than 1-2 years 2-3 yearsMore than 3 Total |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 194, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "a1554bdc9f8eb33d", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 196\n\n| Partic | ulars Investments c Target matu Equity and Others (1) Investments c Preference s | arried at fair rity fund unit Preference se arried at fair ecurities | value through s curities value through | profit other | or loss comprehensive | income |  |  |  |  |  | March 31 | , 2025 465 25 61 551 167 | March 31 | , 2024 431 - 84 515 91 |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n|  | Equity secu Quoted Investments c Tax free bo Governmen Investments c Non-conver Equity Secu | rities arried at am nds t bonds arried at fair tible debentu rities | ortized cost value through res | other | comprehensive | income |  |  |  |  |  |  | 2 169 1,465 14 1,479 3,320 |  | 2 93 1,731 14 1,745 2,216 |\n| Total | Governmen non-current in | t Securities vestments |  |  |  |  |  |  |  |  |  |  | 57 5,240 8,617 |  | 113 6,689 9,018 |\n| Curre | nt investment Unquoted Investments c Liquid mutu | s arried at fair al fund units | value through | profit | or loss |  |  |  |  |  |  |  | 27,371 1,185 |  | 23,352 1,913 |\n|  | Investments c Commercial Certificates Quoted Investments c | arried at fair Papers of deposit arried at am | value through ortized cost | other | comprehensive | income |  |  |  |  |  |  | 1,185 3,442 3,257 6,699 |  | 1,913 4,507 2,945 7,452 |\n|  | Tax free bo Investments c Governmen | nds arried at fair t Securities | value through | other | comprehensive | income |  |  |  |  |  |  | 154 154 1,560 |  | - - 204 |\n|  | Non-conver | tible debentu | res |  |  |  |  |  |  |  |  |  | 1,549 3,109 |  | 1,738 1,942 |\n| Total | current invest | ments |  |  |  |  |  |  |  |  |  |  | 11,147 |  | 11,307 |\n| Total Aggre Marke Marke Aggre # Agg Reduc Invest Invest | investments gate amount of t value of quot t value of quot gate amount of regate amount tion in the fair ments carried a ments carried a | quoted inves ed investmen ed investmen unquoted in of impairmen value of asset t cost t amortized c | tments ts (including inte ts (including inte vestments t in value of inve s held for sale ost | rest ac rest ac stment | crued), current crued), non-curr s | ent |  |  |  |  |  |  | 38,518 13,359 3,266 10,269 25,159 94 854 16,555 1,633 |  | 34,659 12,705 1,942 10,978 21,954 94 854 11,981 1,745 |\n| Invest Invest (1) Un (2) On to stre crore At the undisc | ments carried a ments carried a called capital c May 10, 2024, ngthen our exp as on acquisitio acquisition dat ounted value o | t fair value th t fair value th ommitments Infosys Ltd a ertise in sem n date, whic e, the key inp f contingent | rough other com rough profit or l outstanding as o cquired 100% v iconductor ecosy h includes a cash uts used in deter consideration as | prehen oss f Marc oting i stem a consi minat of Ma | sive income h 31, 2025 and nterests in InSe nd Engineering deration of ₹168 ion of the fair va rch 31, 2025 wa | March 31, 2024 wa mi Technology Servi R&D services. The crore and conting lue of contingent c s ₹33 crore. | s ₹27 cr ces Priva business ent consi onsiderat | ore and ₹5 c te Limited, a acquisition deration wit ion are the p | rore, semi was co h an e robab | respectively. conductor design services company hea nducted by entering into a share purcha stimated fair value of ₹30 crore as on th ilities assigned towards achievement of | dquartered se agreeme e date of a financial ta | in India. T nt for a tot cquisition. rgets and d | 18,594 1,736 his acquisit al consider iscount ra | ion is expe ation of ₹1 te of 5.9%. | 18,505 2,428 cted 98 The |\n| Refer Detail | to note 2.11 for s of amounts r | accounting ecorded in o | policies on finan ther comprehen | cial in sive i | struments. ncome: |  | M Gross | Year ended arch 31, 202 | 5 Tax | Net | M Gross | Year ende arch 31, 2 | d 024 Tax | (In ₹ | crore) Net |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 196, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "81830a94648388c2", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 197\n\n| Particulars March 31, 2025 March 31, 2024 Method of fair valuation: (In ₹ crore) Class of investment Method Fair value as at March 31, 2025 March 31, 2024 Liquid mutual fund units - carried at fair value through profit or loss Quoted price 1,185 1,913 |\n|---|\n| Target maturity fund units - carried at fair value through profit or loss Quoted price 465 431 Tax free bonds and government bonds - carried at amortized cost Quoted price and market observable inputs 1,796 1,959 Non-convertible debentures - carried at fair value through other comprehensive Quoted price and market observable inputs 4,869 3,954 income Government securities - carried at fair value through other comprehensive income Quoted price and market observable inputs 6,800 6,893 Commercial Papers - carried at fair value through other comprehensive income |\n| Market observable inputs 3,442 4,507 Certificates of deposit - carried at fair value through other comprehensive income Market observable inputs 3,257 2,945 Quoted Equity Securities - carried at fair value through other comprehensive Quoted price 57 113 income Unquoted equity and preference securities - carried at fair value through profit or Discounted cash flows method, Market multiples method, Option pricing model 25 - loss |\n| Unquoted equity and preference securities - carried at fair value through other Discounted cash flows method, Market multiples method, Option pricing model 169 93 comprehensive income Others - carried at fair value through profit or loss Discounted cash flows method, Market multiples method, Option pricing model 61 84 Total 22,126 22,892 Note : Certain quoted investments are classified as Level 2 in the absence of active market for such investments. |\n| 2.5.1 Business transfer - IDUNN Information Technology Private Limited DuringtheyearendedMarch31,2024theCompanycompletedbusinesstransferagreementwithIDUNNInformationTechnologyPrivateLimitedbytransferringtheassets,liabilitiesandemployeestothe |\n| Company. The details of the assets and liabilities transferred and the consideration received is as below: (In ₹ crore) Particulars Total Property plant and equipment 3 4 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 197, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "44fbebfa208eebd7", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 198\n\n| 5.2 Details of | Investments |  |  |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|---|\n| e details of in | vestments in pr | efer | ence, equ | ity and ot | her in | struments at | March 31, 2025 and March 31, 2024 are | as follows: |  |\n|  |  |  |  |  |  |  | (In ₹ cror | e, except as otherwise st | ated) |\n| rticulars |  |  |  |  |  |  |  | As at |  |\n|  |  |  |  |  |  |  | March 31, | 2025 March 31, | 2024 |\n| eference Secu | rities |  |  |  |  |  |  |  |  |\n| vestments ca | rried at fair va | lue | through | other co | mpreh | ensive inco | me |  |  |\n| Airviz Inc. |  |  |  |  |  |  |  | - | - |\n| 2,89,695 (2,89 | ,695) Series A | Pref | erred Sto | ck, fully | paid u | p, par value | USD 0.001 each |  |  |\n| Whoop Inc |  |  |  |  |  |  |  | 129 | 60 |\n| 1,10,59,340 (1 | ,10,59,340) Se | ries | B Preferr | ed Stock, | fully | paid up, par | value USD 0.0001 each |  |  |\n| Nivetti System | s Private Limit | ed |  |  |  |  |  | 38 | 31 |\n| 2,28,501 (2,28 | ,501) Preferred | Sto | ck, fully | paid up, | par val | ue ₹1/- each |  |  |  |\n| vestments ca | rried at fair va | lue | through | profit or | loss |  |  |  |  |\n| Galaxeye Spa | ce Solutions Pri | vate | Limited |  |  |  |  | 17 | - |\n| 1,210 (Nil) Se | ries A compuls | orily | converti | ble cumu | lative | Preference s | hares of ₹10/- each, |  |  |\n| fully paid up |  |  |  |  |  |  |  |  |  |\n| 4Basecare Pre | cision Health P | riva | te Limite | d |  |  |  | 8 | - |\n| 18,850 (Nil) S | eries A compu | lsori | ly conver | tible cum | ulativ | e Preference | shares of ₹1/- each, |  |  |\n| fully paid up |  |  |  |  |  |  |  |  |  |\n| quity Instrume | nt |  |  |  |  |  |  |  |  |\n| vestments ca | rried at fair va | lue | through | other co | mpreh | ensive inco | me |  |  |\n| Merasport Tec | hnologies Priv | ate L | imited |  |  |  |  | - | - |\n| 2,420 (2,420) | equity shares a | t ₹ 8 | ,052/- ea | ch, fully | paid u | p, par value | ₹10/- each |  |  |\n| Global Innova | tion and Techn | olog | y Allianc | e |  |  |  | 2 | 2 |\n| 15,000 (15,00 | 0) equity shares | at | ₹1,000/- | each, full | y paid | up, par valu | e ₹1,000/- each |  |  |\n| Ideaforge Tec | hnology Limite | d |  |  |  |  |  | 57 | 113 |\n| 16,47,314 (16 | ,47,314) equity | sha | res at ₹10 | /-, fully | paid u | p |  |  |  |\n| vestments ca | rried at fair va | lue | through | profit or | loss |  |  |  |  |\n| Galaxeye Spa | ce Solutions Pri | vate | Limited |  |  |  |  | - | - |\n| 10 (Nil) equit | y shares at ₹1,3 | 6,08 | 0/- each, | fully pai | d up, p | ar value ₹10 | /- each |  |  |\n| hers-Investm | ents carried at | fair | value thr | ough pr | ofit or | loss |  |  |  |\n| Stellaris Vent | ure Partners Ind | ia |  |  |  |  |  | 53 | 84 |\n| Yali Deeptech | Fund I |  |  |  |  |  |  | 8 | - |\n| otal |  |  |  |  |  |  |  | 312 | 290 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 198, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "0c82bcfacca49fd1", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 199\n\n| Non- Current Loan to subsidiary (1 Loans considered go Other Loans Loans to emplo Loans credit impaire | ) od - Un yees d - Unse | secure cured | d |  |  | March 31 | , 2025 10 16 26 | March 3 | 1, 2024 - 34 34 |\n|---|---|---|---|---|---|---|---|---|---|\n| Other Loans Loans to emplo Less: Allowan Total non - current Current Loans considered go Other Loans Loans to emplo | yees ce for cr loans od - Un yees | edit im secure | pairm d | ent |  |  | - - - 26 207 |  | - - - 34 208 |\n| Total current loans Total Loans (1) Includes dues fro 2.7 OTHER FINA Particulars Non-current Security deposits Unbilled revenue Net investment in Total non-current Current | m subsid NCIAL (1) s (1)(5)# lease(1) other fin (1) | iaries ASSE (Refe ancia | TS r to no l asset | te 2.3) s |  | March 31 | 207 233 10 As a , 2025 205 1,904 241 2,350 | (In ₹ t March 3 | 208 242 - crore) 1, 2024 205 1,366 185 1,756 |\n| Security deposits Restricted deposi Unbilled revenue Interest accrued b Foreign currency Net investment in Others(1)(4) Total current other Total other financi (1) Financial assets c (2) Financial assets c (3) Financial assets c | ts (1)* s (1)(5)# ut not d forward lease(1) financi al assets arried at arried at arried at | ue (1) and o (Refe al ass amor fair v fair v | ptions r to no ets tized c alue th alue th | contracts (2)( te 2.3) ost rough other rough Profit | 3) comprehensive income or Loss |  | 21 2,716 5,681 739 171 228 3,013 12,569 14,919 14,748 28 143 |  | 25 2,282 4,993 476 81 134 2,138 10,129 11,885 11,804 23 58 |\n| (4) Includes dues fro (5) Includes dues fro * Restricted deposit # | m subsi m subsi s represe | diarie diarie nt dep | s s osit w | ith financial | institutions to settle employee related obligations as and when they arise during the normal cour | se of busi | 2,863 165 ness. |  | 2,052 153 |\n| Classified as finan 2.8 TRADE RECE Particulars | cial asse IVABL | t as ri ES | ght to c | onsideration | is unconditional and is due only after a passage of time. |  | As a | (In ₹ t | crore) |\n| Current |  |  |  |  |  | March 31 | , 2025 | March 3 | 1, 2024 |\n| Trade Receiva Less: Allowan | ble cons ce for ex | idered pecte | good d credi | - Unsecured t loss | (1) |  | 26,807 394 |  | 25,575 423 |\n| Trade Receiva Trade Receiva Less: Allowan | ble cons ble - cre ce for cr | idered dit im edit im | good paired pairm | - Unsecured - Unsecured ent |  |  | 26,413 169 169 |  | 25,152 157 157 |\n| Trade Receiva Total trade receiva | ble - cre bles (2) | dit im | paired | - Unsecured |  |  | - 26,413 |  | - 25,152 |\n| (1) Includes dues fro | m subsi | diarie | s |  |  |  | 250 |  | 259 |\n| (2) Includes dues fro | m comp | anies | where | directors ar | e interested |  | - |  | - |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 199, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "cbda66bec58702e2", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 200\n\n| Particulars Undisputed T Undisputed T Disputed Tra Disputed Tra | rade receivabl rade receivabl de receivables de receivables | es – considered es – credit imp – considered g – credit impair | good aired ood ed |  | Not Due 20,082 18,724 - 3 - - - | Outstanding Less than 6 months 6,458 6,175 5 12 - - - | for f 6 mo to 1 | ollowing p nths 1-2 year 80 219 4 7 - - - | eriods from years 2-3 ye 150 394 2 5 - - - - 4 2 | due d ars 3 1 62 5 3 2 3 | ate of Mo | payment re than 3 years 6 1 87 81 - - 1 |  | Total 26,807 25,575 103 111 - - 66 |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| Less: Allowa Total Trade 2.9 CASH A Particulars Balances with | nce for credit l Receivables ND CASH EQ banks | oss UIVALENTS |  |  | - 20,082 18,727 | 1 6,463 6,188 |  | 21 84 247 | 22 194 421 | 1 5 9 66 | March | 1 9 4 83 As at 31, 2025 | (In ₹ March 3 | 46 26,976 25,732 563 580 26,413 25,152 crore) 1, 2024 |\n| In curre Cash on hand Total Cash a Balances with Deposit with | nt and deposit nd cash equiv banks in unp more than 12 | accounts alents aid dividend ac months maturit | counts y |  |  |  |  |  |  |  |  | 14,265 - 14,265 45 - |  | 8,191 - 8,191 37 - |\n| Cash and cas | h equivalents a | s at March 31, | 2025 and March 31, | 2024 include restricted cas | h and ban | k balances of | ₹45 | crore and | ₹44 crore, res | pectiv | ely. |  |  |  |\n| The deposits 2.10 OTHE Particulars Non-current Capital advan Advances oth Others Prepaid ex Defined be Deferred c Cost of o Cost of fu Unbilled re Withholdin Total non-cu Current Advances oth | maintained by R ASSETS ces er than capital penses nefit plan asse ontract cost btaining a cont lfillment venues(2) g taxes and ot rrent other as er than capital | the Company advances ts (Refer note ract hers(3) sets advances | with banks comprise no 2.21) | of time deposits, which can | be withdr | awn by the C | ompa | ny at any | point without | prior | notice o March | r penalty on t As at 31, 2025 206 154 257 299 676 119 512 2,223 | he princi (In ₹ March 3 | pal. crore) 1, 2024 151 68 9 88 640 58 655 1,669 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 200, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "c88cfe8679fa4b4d", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 201\n\n| 2.11.1 Initial recognition TheCompanyrecognizesfinancialassetsandfinancialliabilitieswhenitbecomesapartytothecontractualprovisionsoftheinstrument.Allfinancialassetsandliabilitiesarerecognizedatfairvalueoninitialrecognition,exceptfortrade |\n|---|\n| receivableswhichareinitiallymeasuredattransactionprice.Transactioncoststhataredirectlyattributabletotheacquisitionorissueoffinancialassetsandfinancialliabilities,whicharenotatfairvaluethroughprofitorloss,areaddedtothe fair value on initial recognition. Regular way purchase and sale of financial assets are accounted for at trade date. 2.11.2 Subsequent measurement |\n| a. Non-derivative financial instruments (i) Financial assets carried at amortized cost Afinancialassetissubsequentlymeasuredatamortizedcostifitisheldwithinabusinessmodelwhoseobjectiveistoholdtheassetinordertocollectcontractualcashflowsandthecontractualtermsofthefinancialassetgiveriseonspecified |\n| dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. |\n| (ii) Financial assets carried at fair value through other comprehensive income (FVOCI) Afinancialassetissubsequentlymeasuredatfairvaluethroughothercomprehensiveincomeifitisheldwithinabusinessmodelwhoseobjectiveisachievedbybothcollectingcontractualcashflowsandsellingfinancialassetsandthecontractual termsofthefinancialassetgiveriseonspecifieddatestocashflowsthataresolelypaymentsofprincipalandinterestontheprincipalamountoutstanding.TheCompanyhasmadeanirrevocableelectionforitsinvestmentswhichareclassifiedas |\n| equity instruments to present the subsequent changes in fair value in other comprehensive income based on its business model. (iii) Financial assets carried at fair value through profit or loss (FVTPL) |\n| A financial asset which is not classified in any of the above categories are subsequently fair valued through profit or loss. (iv) Financial liabilities |\n| Financial liabilities are subsequently carried at amortized cost using the effective interest method, except for contingent consideration recognized in a business combination which is subsequently measured at fair value through profit or loss. (v) Investment in subsidiaries Investment in subsidiaries is carried at cost in the separate financial statements. |\n| b. Derivative financial instruments |\n| The Company holds derivative financial instruments such as foreign exchange forward and option contracts to mitigate the risk of changes in exchange rates on foreign currency exposures. The counterparty for such contracts is generally a bank. (i) Financial assets or financial liabilities, carried at fair value through profit or loss. |\n| This category includes derivative financial assets or liabilities which are not designated as hedges. AlthoughtheCompanybelievesthatthesederivativesconstitutehedgesfromaneconomicperspective,theymaynotqualifyforhedgeaccountingunderIndAS109,FinancialInstruments.Anyderivativethatiseithernotdesignatedashedge,or |\n| is so designated but is ineffective as per Ind AS 109, is categorized as a financial asset or financial liability, at fair value through profit or loss. DerivativesnotdesignatedashedgesarerecognizedinitiallyatfairvalueandattributabletransactioncostsarerecognizedinnetprofitintheStatementofProfitandLosswhenincurred.Subsequenttoinitialrecognition,thesederivativesare |\n| measuredatfairvaluethroughprofitorlossandtheresultingexchangegainsorlossesareincludedinotherincome.Assets/liabilitiesinthiscategoryarepresentedascurrentassets/currentliabilitiesiftheyareeitherheldfortradingorare expected to be realized within 12 months after the Balance Sheet date. |\n| (ii) Cash flow hedge The Company designates certain foreign exchange forward and options contracts as cash flow hedges to mitigate the risk of foreign exchange exposure on highly probable forecast cash transactions. Whenaderivativeisdesignatedasacashflowhedginginstrument,theeffectiveportionofchangesinthefairvalueofthederivativeisrecognizedinothercomprehensiveincomeandaccumulatedinthecashflowhedgingreserve.Anyineffective portionofchangesinthefairvalueofthederivativeisrecognizedimmediatelyinthenetprofitintheStatementofProfitandLoss.Ifthehedginginstrumentnolongermeetsthecriteriaforhedgeaccounting,thenhedgeaccountingis |\n| discontinuedprospectively.Ifthehedginginstrumentexpiresorissold,terminatedorexercised,thecumulativegainorlossonthehedginginstrumentrecognizedincashflowhedgingreservetilltheperiodthehedgewaseffectiveremainsin cashflowhedgingreserveuntiltheforecastedtransactionoccurs.ThecumulativegainorlosspreviouslyrecognizedinthecashflowhedgingreserveistransferredtothenetprofitintheStatementofProfitandLossupontheoccurrenceofthe related forecasted transaction. If the forecasted transaction is no longer expected to occur, then the amount accumulated in cash flow hedging reserve is reclassified to net profit in the Statement of Profit and Loss. |\n| 2.11.3 Derecognition of financial instruments TheCompanyderecognizesafinancialassetwhenthecontractualrightstothecashflowsfromthefinancialassetexpireorittransfersthefinancialassetandthetransferqualifiesforderecognitionunderIndAS109.Afinancialliability(ora |\n| part of a financial liability) is derecognized from the Company's Balance Sheet when the obligation specified in the contract is discharged or cancelled or expires. |\n| 2.11.4 Fair value of financial instruments Indeterminingthefairvalueofitsfinancialinstruments,theCompanyusesavarietyofmethodsandassumptionsthatarebasedonmarketconditionsandrisksexistingateachreportingdate.Themethodsusedtodeterminefairvalueinclude |\n| discounted cash flow analysis, option pricing model, market multiples, available quoted market prices and dealer quotes. All methods of assessing fair value result in general approximation of value, and such value may never actually be realized. Refertotable'Financialinstrumentsbycategory'belowforthedisclosureoncarryingvalueandfairvalueoffinancialassetsandliabilities.ForfinancialassetsandliabilitiesmaturingwithinoneyearfromtheBalanceSheetdateandwhichare |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 201, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "f2ecff0b833ea975", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 202\n\n| TheC to ind The a Finan The ca | ompanydete ustries the C mount of EC cial instrum rrying value | rminestheallow ompany deals wi Ls (or reversal) t ents by categor and fair value o | anceforcre th and the c hat is requir y f financial i | ditlosse ountries ed to ad nstrume | sbasedonh where it ope just the loss nts by catego | istoricalloss rates. allowance at t ries as at Mar | experience he reportin ch 31, 202 | adjustedtoref g date to the a 5 are as follow | lectcurrent mount that i s: | andestimat s required to | edfutureeco be recorded | nomicconditions is recognized as | .TheCompanyc an impairment lo | onsiderscurrenta ss or gain in state | ndanticipate ment of profi | dfutur t and lo | eeconomicc ss. | onditio | nsrelatin |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| Partic Assets Cash a Invest | ulars : nd cash equ ments (Refer Preference Tax free bo Liquid mut Target mat Commercia Certificates Non conver | ivalents (Refer t to note 2.5) securities, Equit nds and govern ual fund units urity fund units l Papers of deposit tible debentures | o note 2.9) y securities a ment bonds | nd othe | rs |  |  |  |  | Amortize | d cost Fi fair 14,265 - 1,633 - - - - - | nancial assets/ lia value through p Designated upon initial recognition - 25 - - - - - - | bilities at Fi rofit or loss Mandatory - 61 - 1,185 465 - - - | nancial assets/lia fair value throug Equity instruments designated upon initial recognition - 226 - - - - - - | bilities at h OCI Mandatory - - - - - 3,442 3,257 4,869 | Total v | carrying alue 14,265 312 1,633 1,185 465 3,442 3,257 4,869 | (In ₹ Total valu | crore) fair e 14,265 312 1,796 (1) 1,185 465 3,442 3,257 4,869 |\n| Trade Loans Other Total Liabil Trade Lease Other Total (1) On (2) Exc (3) Exc The ca | Governmen receivables ( (Refer to no financial ass ities: payables (Re liabilities (R financial lia account of f ludes intere ludes unbill rrying value | t Securities Refer to note 2.8 te 2.6) ets (Refer to not fer to note 2.14) efer to note 2.3) bilities (Refer to air value change st accrued on tax ed revenue on co and fair value o | ) e 2.7) (3) note 2.13) s including free bonds ntracts whe f financial i | interest and gov re the ri nstrume | accrued ernment bon ght to consid nts by catego | ds carried at eration is de ries as at Mar | amortized pendent on ch 31, 202 | cost of ₹80 cro completion of 4 were as follo | re contractual ws: | milestones | - 26,413 233 14,748 57,292 2,728 3,459 13,593 19,780 | - - - - 25 - - - - | - - - 143 1,854 - - 54 54 | - - - - 226 - - - - | 6,800 - - 28 18,396 - - 33 33 |  | 6,800 26,413 233 14,919 77,793 2,728 3,459 13,680 19,867 | (In ₹ | 6,800 26,413 233 14,839 ( 77,876 2,728 3,459 13,680 19,867 crore) |\n| Partic Assets Cash a Invest | ulars : nd cash equ ments (Refer Preference Tax free bo | ivalents (Refer t to note 2.5) securities, Equit nds and govern | o note 2.9) y securities a ment bonds | nd othe | rs |  |  |  |  | Amortize | d cost Fi fair 8,191 - 1,745 | nancial assets/ lia value through p Designated upon initial recognition - - - | bilities at Fi rofit or loss Mandatory - 84 - | nancial assets/lia fair value throug Equity instruments designated upon initial recognition - 206 - | bilities at h OCI Mandatory - - - | Total v | carrying alue 8,191 290 1,745 | Total valu | fair e 8,191 290 1,959 ( |\n| Trade Loans Other Total Liabil Trade Lease Other Total | Target mat Liquid mut Commercia Certificates Non conver Governmen receivables ( (Refer to no financial ass ities: payables (Re Liabilities ( financial lia | urity fund units ual fund units l Papers of deposit tible debentures t Securities Refer to note 2.8 te 2.6) ets (Refer to not fer to note 2.14) Refer to note 2.3) bilities (Refer to | ) e 2.7)(3) note 2.13) |  |  |  |  |  |  |  | - - - - - - 25,152 242 11,804 47,134 2,493 3,766 11,569 17,828 | - - - - - - - - - - - - - - | 431 1,913 - - - - - - 58 2,486 - - 20 20 | - - - - - - - - - 206 - - - - | - - 4,507 2,945 3,954 6,893 - - 23 18,322 - - 1 1 |  | 431 1,913 4,507 2,945 3,954 6,893 25,152 242 11,885 68,148 2,493 3,766 11,590 17,849 |  | 431 1,913 4,507 2,945 3,954 6,893 25,152 242 11,801 ( 68,278 2,493 3,766 11,590 17,849 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 202, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "52d152d046750fea", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 203\n\n| Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices). Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs). The fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as at March 31, 2025 is as follows: (In ₹ crore) As at March Fair value measurement at end of the Particulars 31, 2025 reporting period using Level 1 Level 2 Level 3 Assets Investments (Refer to note 2.5) Investments in tax free bonds 1,781 1,227 554 - Investments in government bonds 15 15 - - Investments in liquid mutual fund units 1,185 1,185 - - Investments in target maturity fund units 465 465 - - Investments in certificates of deposit 3,257 - 3,257 - Investments in commercial papers 3,442 - 3,442 - |\n|---|\n| Investments in non convertible debentures 4,869 4,869 - - Investments in government securities 6,800 6,763 37 - Investments in equity securities 59 57 - 2 Investments in preference securities 192 - - 192 Other investments 61 - - 61 Others Derivative financial instruments - gain (Refer to note 2.7) 171 - 171 - Liabilities Derivative financial instruments - loss (Refer to note 2.13) 56 - 56 - Liability towards contingent consideration (Refer to note 2.12)(1) 31 - - 31 (1) Discount rate - 6% DuringtheyearendedMarch31,2025,Stategovernmentsecuritiesandnon-convertibledebenturesof₹36croreand₹261croreweretransferredfromLevel2toLevel1offairvaluehierarchysincethesewerevaluedbasedonquotedprice. Further Tax free bond of ₹554 crore were transferred from Level 1 to Level 2 of fair value hierarchy, since these were valued based on market observable inputs The fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as at March 31, 2024 was as follows: (In ₹ crore) As at March Fair value measurement at end of the reporting Particulars 31, 2024 period using Level 1 Level 2 Level 3 Assets Investments (Refer to note 2.5) Investments in tax free bonds 1,944 1,944 - - Investments in government bonds 15 15 - - Investments in liquid mutual fund units 1,913 1,913 - - Investments in target maturity fund units 431 431 - - |\n| Investments in certificates of deposit 2,945 - 2,945 - Investments in commercial papers 4,507 - 4,507 - Investments in non convertible debentures 3,954 3,697 257 - Investments in government securities 6,893 6,820 73 - Investments in equity securities 115 113 - 2 Investments in preference securities 91 - - 91 Other investments 84 - - 84 Others Derivative financial instruments - gain (Refer to note 2.7) 81 - 81 - Liabilities Derivative financial instruments - loss (Refer note 2.13) 21 - 21 - DuringtheyearendedMarch31,2024,taxfreebondsandnon-convertibledebenturesof₹1,986croreweretransferredfromLevel2toLevel1offairvaluehierarchysincethesewerevaluedbasedonquotedprice.FurtherStategovernment |\n| securities of ₹73 crore were transferred from Level 1 to Level 2 of fair value hierarchy, since these were valued based on market observable inputs |\n| A one percentage point change in the unobservable inputs used in fair valuation of Level 3 assets and liabilities does not have a significant impact in its value. Majority of investments of the Company are fair valued based on Level 1 or Level 2 inputs. These investments primarily include investment in liquid mutual fund units, target maturity fund units, tax free bonds, certificates of deposit, commerc |\n| papers, treasury bills, government securities, non-convertible debentures, quoted bonds issued by government and quasi-government organizations. The Company invests after considering counterparty risks based on multiple criteria including Tier I capital, Capital Adequacy Ratio, Credit Rating, Profitability, NPA levels and Deposit base of banks and financial institutions. These risks are monitored regularly as per Group's risk management program. Financial risk management |\n| Financial risk factors TheCompany'sactivitiesexposeittoavarietyoffinancialrisks:marketrisk,creditriskandliquidityrisk.TheCompany'sprimaryfocusistoforeseetheunpredictabilityoffinancialmarketsandseektominimizepotentialadverseeffectson |\n| itsfinancialperformance.TheprimarymarketrisktotheCompanyisforeignexchangerisk.TheCompanyusesderivativefinancialinstrumentstomitigateforeignexchangerelatedriskexposures.TheCompany'sexposuretocreditriskis influenced mainly by the individual characteristic of each customer and the concentration of risk from the top few customers. |\n| Market risk TheCompanyoperatesinternationallyandamajorportionofthebusinessistransactedinseveralcurrenciesandconsequentlytheCompanyisexposedtoforeignexchangeriskthroughitssalesandservicesintheUnitedStatesandelsewhere, andpurchasesfromoverseassuppliersinvariousforeigncurrencies.TheCompanyholdsderivativefinancialinstrumentssuchasforeignexchangeforwardandoptioncontractstomitigatetheriskofchangesinexchangeratesonforeign |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 203, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "c8c91e2a17a02c91", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 204\n\n| Particulars U.S. dollars Euro United Australian Other Total Kingdom dollars currencies Pound Sterling Net financial assets 23,447 6,929 1,940 1,463 2,575 36,354 Net financial liabilities (9,918) (1,911) (663) (798) (1,112) (14,402) Total 13,529 5,018 1,277 665 1,463 21,952 Sensitivity analysis between Indian Rupee and U.S. dollars Particulars Year ended March 31, 2025 2024 Impact on the Company's incremental Operating Margins 0.46% 0.46% Sensitivityanalysisiscomputedbasedonthechangesintheincomeandexpensesinforeigncurrencyuponconversionintofunctionalcurrency,duetoexchangeratefluctuationsbetweenthepreviousreportingperiodandthecurrentreporting |\n|---|\n| period. Derivative financial instruments |\n| TheCompanyprimarilyholdsderivativefinancialinstrumentssuchasforeigncurrencyforwardandoptioncontractstomitigatetheriskofchangesinexchangeratesonforeigncurrencyexposures.Thecounterpartyforthesecontractsis generally a bank. These derivative financial instruments are valued based on quoted prices for similar assets and liabilities in active markets or inputs that are directly or indirectly observable in the marketplace. The details in respect of outstanding foreign currency forward and option contracts are as follows : Particulars As at As at March 31, 2025 March 31, 2024 In million In ₹ crore In million In ₹ crore Derivatives designated as cash flow hedges Forward contracts |\n| In Swiss Franc 53 513 - - In Euro - - 30 270 Option Contracts In Euro 341 3,140 236 2,121 In Australian dollars 93 500 106 573 In United Kingdom Pound Sterling 17 188 35 368 Other derivatives Forward contracts In U.S. dollars 1,098 9,386 1,223 10,203 In Euro 652 6,009 554 4,975 In Singapore dollars 133 849 171 1,046 In United Kingdom Pound Sterling 26 284 78 818 In Swiss Franc 51 495 16 150 In Danish Krone 152 188 100 121 |\n| In New Zealand dollars 37 181 30 149 In Canadian dollars - - 15 92 In Australian dollars 24 126 14 75 In Norwegian Krone 167 136 130 100 In Philippine Peso - - 43 49 In Hongkong dollar 40 44 - - In Hungarian Forint 2,000 44 2,500 57 In South African rand - - 85 37 Option contracts In U.S. dollars 796 6,800 543 4,527 In Euro 179 1,648 100 897 |\n| In Australian dollars 11 57 20 111 Total forwards and option contracts 30,588 26,739 The foreign exchange forward and option contracts mature within 12 months. The table below analyses the derivative financial instruments into relevant maturity groupings based on the remaining period as at the Balance Sheet date: (In ₹ crore) Particulars As at March 31, March 31, 2025 2024 |\n| Not later than one month 14,515 9,581 Later than one month and not later than three months 15,175 15,181 Later than three months and not later than one year 898 1,977 Total 30,588 26,739 DuringtheyearendedMarch31,2025andMarch31,2024theCompanyhasdesignatedcertainforeignexchangeforwardandoptioncontractsascashflowhedgestomitigatetheriskofforeignexchangeexposureonhighlyprobableforecast |\n| cash transactions. The related hedge transactions for balance in cash flow hedge reserve as at March 31, 2025 are expected to occur and reclassified to statement of profit and loss within 3 months. TheCompanydeterminestheexistenceofaneconomicrelationshipbetweenthehedginginstrumentandhedgeditembasedonthecurrency,amountandtimingofitsforecastedcashflows.Hedgeeffectivenessisdeterminedattheinceptionof thehedgerelationship,andthroughperiodicprospectiveeffectivenessassessmentstoensurethataneconomicrelationshipexistsbetweenthehedgeditemandhedginginstrument,includingwhetherthehedginginstrumentisexpectedto |\n| offset changes in cash flows of hedged items. Ifthehedgeratioforriskmanagementpurposesisnolongeroptimalbuttheriskmanagementobjectiveremainsunchangedandthehedgecontinuestoqualifyforhedgeaccounting,thehedgerelationshipwillberebalancedbyadjustingeither |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 204, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "0b95a6759a2310dd", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 205\n\n| The following table provides the reconciliation of cash flow hedge reserve for the year ended March 31, 2025 and March 31, 2024: (In ₹ crore) Particulars Year ended March 31, 2025 2024 Gain / (Loss) Balance at the beginning of the year 6 (5) |\n|---|\n| Gain / (Loss) recognized in other comprehensive income during the year (5) 8 Amount reclassified to profit and loss during the year (27) 7 Tax impact on above 8 (4) Balance at the end of the year (18) 6 TheCompanyoffsetsafinancialassetandafinancialliabilitywhenitcurrentlyhasalegallyenforceablerighttosetofftherecognizedamountsandtheCompanyintendseithertosettleonanetbasis,ortorealizetheassetandsettlethe |\n| liability simultaneously. The quantitative information about offsetting of derivative financial assets and derivative financial liabilities is as follows: (In ₹ crore) Particulars As at March 31, 2025 March 31, 2024 Derivative Derivative Derivative Derivative |\n| financial asset financial financial financial liability asset liability Gross amount of recognized financial asset / liability 226 (111) 93 (33) Amount set off (55) 55 (12) 12 Net amount presented in Balance Sheet 171 (56) 81 (21) |\n| Credit risk Creditriskreferstotheriskofdefaultonitsobligationbythecounterpartyresultinginafinancialloss.Themaximumexposuretothecreditriskatthereportingdateisprimarilyfromtradereceivablesamountingto₹26,437croreand ₹25,152croreasatMarch31,2025andMarch31,2024,respectivelyandunbilledrevenueamountingto₹11,988croreand₹10,814croreasatMarch31,2025andMarch31,2024,respectively.Tradereceivablesandunbilledrevenueare |\n| typicallyunsecuredandarederivedfromrevenuefromcustomersmajorlylocatedintheUnitedStatesofAmericaandEurope.Creditrisk hasalwaysbeenmanagedbytheCompanythroughcreditapprovals,establishingcreditlimitsand continuouslymonitoringthecreditworthinessofthecustomerstowhichtheCompanygrantscredittermsinthenormalcourseofbusiness.TheCompanyusestheexpectedcreditlossmodeltoassessanyrequiredallowances;andusesa provision matrix to compute the expected credit loss allowance for trade receivables and unbilled revenues. This matrix takes into account credit reports and other related credit information to the extent available. TheCompany'sexposuretocreditriskisinfluencedmainlybytheindividualcharacteristicofeachcustomerandtheconcentrationofriskfromthetopfewcustomers.Exposuretocustomersisdiversifiedandthereisnosinglecustomer |\n| contributing more than 10% of outstanding trade receivables and unbilled revenues. The following table gives details in respect of percentage of revenues generated from top five customers and top ten customers: (In %) Particulars Year ended March 31, |\n| 2025 2024 Revenue from top five customers 12.0 11.6 Revenue from top ten customers 19.9 18.9 Credit risk exposure |\n| The Company's credit period generally ranges from 30-75 days. The allowance for lifetime expected credit loss on customer balances recognized for the year ended March 31, 2025 and March 31, 2024 is ₹63 crore and ₹108 crore, respectively. The movement in credit loss allowance on customer balance is as follows: (In ₹ crore) Particulars Year ended March 31, 2025 2024 Balance at the beginning 721 699 |\n| Impairment loss recognized/ (reversed), net 63 108 Amounts written off (69) (93) Translation differences (13) 7 Balance at the end 702 721 |\n| The gross carrying amount of a financial asset is written off (either partially or in full) when there is no realistic prospect of recovery. CreditriskoncashandcashequivalentsislimitedastheCompanygenerallyinvestindepositswithbankswithhighratingsassignedbyinternationalanddomesticcreditratingagencies.RatingsaremonitoredperiodicallyandtheCompany |\n| has considered the latest available credit ratings as at the date of approval of these financial statements. TheinvestmentsoftheCompanyprimarilyincludeinvestmentinliquidmutualfundunits,targetmaturityfundunits,taxfreebonds,certificatesofdeposit,commercialpaper,treasurybills,governmentsecurities,non-convertibledebentures, quotedbondsissuedbygovernmentandquasigovernmentorganizations.TheCompanyinvestsafterconsideringcounterpartyrisksbasedonmultiplecriteriaincludingTierICapital,CapitalAdequacyRatio,creditrating,profitability,NPA |\n| levels and deposit base of banks and financial institutions. These risks are monitored regularly as per Group’s risk management program. Liquidity risk Liquidity risk is defined as the risk that the Company will not be able to settle or meet its obligations on time. |\n| TheCompany'sprincipalsourcesofliquidityarecashandcashequivalentsandthecashflowthatisgeneratedfromoperations.TheCompanyhasnooutstandingborrowings.TheCompanybelievesthattheworkingcapitalissufficientto meet its current requirements. AsatMarch31,2025,theCompanyhadaworkingcapitalof₹45406croreincludingcashandcashequivalentsof₹14265croreandcurrentinvestmentsof₹11147crore.AsatMarch31,2024,theCompanyhadaworkingcapitalof₹43,866 |\n| crore including cash and cash equivalents of ₹8,191 crore and current investments of ₹11,306 crore. |\n| As at March 31, 2025 and March 31, 2024, the outstanding compensated absences were ₹2412 crore and ₹2,159 crore, respectively, which have been substantially funded. Accordingly, no liquidity risk is perceived. |\n| Refer to Note 2.3 for remaining contractual maturities of lease liabilities. The table below provides details regarding the contractual maturities of significant financial liabilities as at March 31, 2025: (In ₹ crore) Particulars Less than 1 1-2 years 2-4 years 4-7 years Total year |\n| Trade payables 2,728 - - - 2,728 Other financial liabilities on an undiscounted basis (Refer to note 2.13) 11,712 1,732 138 11 13,593 Liability towards contingent consideration on an undiscounted basis (Refer to note 2.13) 11 20 - - 31 The table below provides details regarding the contractual maturities of significant financial liabilities as at March 31, 2024: (In ₹ crore) Particulars Less than 1 1-2 years 2-4 years 4-7 years Total |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 205, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "1cd0ace938ffbdb2", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 206\n\n| 2.12 EQUITY |\n|---|\n| Accounting policy Ordinary Shares Ordinarysharesareclassifiedasequitysharecapital.Incrementalcostsdirectlyattributabletotheissuanceofnewordinaryshares,shareoptionsandbuybackarerecognizedasadeductionfromequity,netofanytax |\n| effects. Description of reserves Capital redemption reserve Inaccordancewithsection69oftheIndianCompaniesAct,2013,theCompanycreatescapitalredemptionreserveequaltothenominalvalueofthesharesboughtbackasanappropriationfromgeneralreserve/ retained earnings. |\n| Retained earnings Retained earnings represent the amount of accumulated earnings of the Company. Securities premium |\n| The amount received in excess of the par value of equity shares has been classified as securities premium. Amounts have been utilized for bonus issue and share buyback from share premium account. |\n| Share options outstanding account TheShareoptionsoutstandingaccountisusedtorecordthefairvalueofequity-settledsharebasedpaymenttransactionswithemployees.Theamountsrecordedinshareoptionsoutstandingaccountaretransferredto |\n| securities premium upon exercise of stock options and transferred to general reserve on account of stock options not exercised by employees. |\n| Special Economic Zone Re-investment reserve TheSpecialEconomicZoneRe-investmentreservehasbeencreatedoutoftheprofitoftheeligibleSEZunitintermsoftheprovisionsofSec10AA(1)(ii)ofIncomeTaxAct,1961.Thereserveshouldbeutilizedby |\n| the Company for acquiring new plant and machinery for the purpose of its business in terms of the provisions of the Sec 10AA (2) of the Income Tax Act, 1961. |\n| Other components of equity Othercomponentsofequityincluderemeasurementofnetdefinedbenefitliability/asset,equityinstrumentsfairvaluedthroughothercomprehensiveincome,changesonfairvaluationofinvestmentsandchangesin |\n| fair value of derivatives designated as cash flow hedges, net of taxes. |\n| Cash flow hedge reserve Whenaderivativeisdesignatedasacashflowhedginginstrument,theeffectiveportionofchangesinthefairvalueofthederivativeisrecognizedinothercomprehensiveincomeandaccumulatedinthecashflow |\n| hedging reserve. The cumulative gain or loss previously recognized in the cash flow hedging reserve is transferred to the Statement of Profit and Loss upon the occurrence of the related forecasted transaction. 2.12.1 EQUITY SHARE CAPITAL (In ₹ crore, except as otherwise stated) Particulars As at March 31, 2025 March 31, 2024 |\n| Authorized Equity shares, ₹5/- par value 480,00,00,000 (480,00,00,000) equity shares 2,400 2,400 Issued, Subscribed and Paid-Up Equity shares, ₹5/- par value (1) 2,076 2,075 415,32,63,455 (415,08,67,464) equity shares fully paid-up |\n| 2 ,076 2,075 (1) Refer to note 2.22 for details of basic and diluted shares Forfeited shares amounted to ₹1500/- (₹1,500/-) TheCompanyhasonlyoneclassofsharesreferredtoasequityshareshavingaparvalueof₹5/-.Eachholderofequitysharesisentitledtoonevotepershare.TheequitysharesrepresentedbyAmericanDepository |\n| Shares (ADS) carry similar rights to voting and dividends as the other equity shares. Each ADS represents one underlying equity share. IntheeventofliquidationoftheCompany,theholdersofequityshareswillbeentitledtoreceiveanyoftheremainingassetsofthecompanyinproportiontothenumberofequitysharesheldbytheshareholders,after |\n| distribution of all preferential amounts. However, no such preferential amounts exist currently. |\n| There are no voting, dividend or liquidation rights to the holders of options issued under the company's share option plans. |\n| For details of shares reserved for issue under the employee stock option plan of the Company, refer to the note below. In the period of five years immediately preceding March 31, 2025: Buyback |\n| IntheperiodoffiveyearsimmediatelyprecedingMarch31,2025,theCompanyhadpurchasedandextinguishedatotalof11,62,33,685fullypaid-upequitysharesoffacevalue₹5/-eachfromthestockexchange. The Company has only one class of equity shares. |\n| Capital allocation policy Effectivefromfinancialyear2025,theCompanyexpectstocontinuethepolicyofreturningapproximately85%ofthefreecashflowcumulativelyovera5-yearperiodthroughacombinationofsemi-annualdividends and/orsharebuyback/specialdividendssubjecttoapplicablelawsandrequisiteapprovals,ifany.Underthispolicy,theCompanyexpectstoprogressivelyincreaseitsannualdividendpershare(excludingspecial |\n| dividend if any). |\n| Free cash flow is defined as net cash provided by operating activities less capital expenditure as per the consolidated statement of cash flows prepared under IFRS. Dividend and buyback include applicable taxes TheCompany’sobjectivewhenmanagingcapitalistosafeguarditsabilitytocontinueasagoingconcernandtomaintainanoptimalcapitalstructuresoastomaximizeshareholdervalue.Inordertomaintainor achieveanoptimalcapitalstructure,theCompanymayadjusttheamountofdividendpayment,returncapitaltoshareholders,issuenewsharesorbuybackissuedshares.AsofMarch31,2025,theCompanyhas |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 206, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "82c5d3b06d24d1ac", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 207\n\n| 2.12.2 Shareholding | of promote | r |  |  |  |  |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| The details of the shar Promoter name Sudha Gopalak Rohan Murty S. Gopalakrish Nandan M. Nil Akshata Murty Asha Dinesh Sudha N. Murt Rohini Nilekan Dinesh Krishna | es held by p rishnan nan ekani y i swamy | romoters as | at Ma | rch 3 | 1, 2025 are a | s follows: |  |  | No. | of shares % of 95,357,000 60,812,892 31,853,808 40,783,162 38,957,096 38,579,304 34,550,626 34,335,092 32,479,590 | total shares % the 2.30% 1.46% 0.77% 0.98% 0.94% 0.93% 0.83% 0.83% 0.78% | Change during year - - - - - - - - |\n| Shreyas Shibul N. R. Narayana Nihar Nilekani Janhavi Nileka Kumari Shibul Deeksha Dines Divya Dinesh Meghana Gopa Shruti Shibulal S. D. Shibulal Promoters Gr Ekagrah Rohan Gaurav Manch Milan Shibulal | al Murthy ni al h lakrishnan oup Murty anda Manchanda |  |  |  |  |  |  |  |  | 19,929,860 15,145,638 12,677,752 8,589,721 4,945,935 7,646,684 7,646,684 14,834,928 8,705,651 5,208,673 1,500,000 5,773,233 6,106,302 | 0.48% 0.36% 0.31% 0.21% 0.12% 0.18% 0.18% 0.36% 0.21% 0.13% 0.04% 0.14% 0.15% | (6.54% - - - - - - 218.01% - - (53.90% (6.25% |\n| Nikita Shibulal Bhairavi Madh Shray Chandra Tanush Nileka | Manchanda usudhan Shi ni Chandra | bulal |  |  |  |  |  |  |  | 6,106,302 5,427,875 719,424 3,356,017 | 0.15% 0.13% 0.02% 0.08% | (6.25% (9.86% - - |\n| 2.12.3 DIVIDEND Thefinaldividendon Incometaxconseque | sharesisre ncesofdivid | cordedasa endsonfin | liabil ancial | ityon instru | thedateof mentsclassi | approvalbytheshareholdersand fiedasequitywillberecognized | interim accordi | dividendsarerecordedasaliab ngtowheretheentityoriginallyre | ilityonthedateo cognizedthosepa | fdeclarationbyth sttransactionsor | eCompany'sBo eventsthatgenera | ardofDirectors teddistributable |\n| profits. TheCompanydeclare | sandpaysd | ividendsin | Indian | rupe | es.Compani | esarerequiredtopay/distributed | ividend | afterdeductingapplicabletaxes.T | heremittanceof | dividendsoutsideI | ndiaisgoverned | byIndianlawon |\n| foreign exchange and The amount of per sh Particulars Final dividend for fisc | is also subje are dividend al 2023 | ct to withho recognized | lding as dis | tax at tribut | applicable r ion to equity | ates. shareholders in accordance with | Compan | ies act 2013 is as follows:- |  |  | Year ended M 2025 | (in ₹) arch 31, 2024 |\n| Interim dividend for fi Final dividend for fisc Special dividend for fi Interim dividend for fi | scal 2024 al 2024 scal 2024 scal 2025 |  |  |  |  |  |  |  |  |  | - - 20.00 8.00 21.00 | 17.50 18.00 - - - |\n| During the year ended TheBoardofDirector | March 31, sintheirme | 2025, on ac etingheldo | count nApr | of the il17, | final and sp 2025recom | ecial dividend for fiscal 2024 and mendedafinaldividendof₹22/- | interim perequi | dividend for fiscal 2025, the Com tyshareforthefinancialyearende | pany has incurred dMarch31,2025 | a net cash outflow .Thepaymentiss | of ₹20,345 crore. ubjecttoapprova | lofshareholders |\n| in the AGM of the Co | mpany to be | held on Jun | e 25, | 2025 | and if appro | ved, would result in a net cash out | flow of | approximately ₹9,137 crore (excl | uding dividend pai | d on treasury shar | es). |  |\n| The details of shareho Name of the sharehold | lders holding er | more than | 5% s | hares | as at March | 31, 2025 and March 31, 2024 are | set out | below: Num | As at March 31, ber of shares | 2025 % held Num | As at March 3 ber of shares | 1, 2024 % held |\n| Deutsche Bank Trust Life Insurance Corpor | Company A ation of Indi | mericas (De a | posito | ry of | ADR's - lega | l ownership) |  |  | 43,98,60,715 38,81,12,531 | 10.59 9.34 | 44,24,17,564 38,59,52,941 | 10.66 9.30 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 207, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "978cef2c82a3985d", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 208\n\n| The reconciliation of the number of shares outstanding and the amount of share capital as at March 31, 2025 and March 31, 2024 is set out below: (in ₹ crore, except as stated otherwise) Particulars As at March 31, 2025 As at March 31, 2024 Number of shares Amount Number of shares Amount |\n|---|\n| As at the beginning of the period 4,15,08,67,464 2,075 4,14,85,60,044 2,074 Add: Shares issued on exercise of employee stock options 2,395,991 1 23,07,420 1 As at the end of the period 4,15,32,63,455 2,076 4,15,08,67,464 2,075 2.12.4 Employee Stock Option Plan (ESOP): |\n| Accounting Policy TheCompanyrecognizescompensationexpenserelatingtoshare-basedpaymentsinnetprofitbasedonestimatedfair-valuesoftheawardsonthegrantdate.Theestimatedfairvalueofawardsisrecognizedasan expenseinthestatementofprofitandlossonastraight-linebasisovertherequisiteserviceperiodforeachseparatelyvestingportionoftheawardasiftheawardwasin-substance,multipleawardswitha |\n| corresponding increase to share options outstanding account. |\n| Infosys Expanded Stock Ownership Program 2019 (the 2019 Plan): OnJune22,2019pursuanttoapprovalbytheshareholdersintheAnnualGeneralMeeting,theBoardhasbeenauthorizedtointroduce,offer,issueandprovideshare-basedincentivestoeligibleemployeesofthe Companyanditssubsidiariesunderthe2019Plan.Themaximumnumberofsharesunderthe2019planshallnotexceed5,00,00,000equityshares.Toimplementthe2019Plan,upto4,50,00,000equitysharesmay beissuedbywayofsecondaryacquisitionofsharesbyInfosysExpandedStockOwnershipTrust. TheRestrictedStockUnits(RSUs)grantedunderthe2019planshallvestbasedontheachievementofdefined annualperformanceparametersasdeterminedbytheadministrator(NominationandRemunerationCommittee).TheperformanceparameterswillbebasedonacombinationofrelativeTotalShareholderReturn |\n| (TSR)againstselectedindustrypeersandcertainbroadermarketdomesticandglobalindicesandoperatingperformancemetricsofthecompanyasdecidedbyadministrator.Eachoftheaboveperformance parameterswillbedistinctforthepurposesofcalculationofquantityofsharestovestbasedonperformance.Theseinstrumentswillgenerallyvestbetweenaminimumof1tomaximumof3yearsfromthegrant date. |\n| 2015 Stock Incentive Compensation Plan (the 2015 Plan): OnMarch31,2016,pursuanttotheapprovalbytheshareholdersthroughpostalballot,theBoardwasauthorizedtointroduce,offer,issueandallotshare-basedincentivestoeligibleemployeesoftheCompanyand itssubsidiariesunderthe2015Plan.Themaximumnumberofsharesunderthe2015planshallnotexceed2,40,38,883equityshares(thisincludes1,12,23,576equityshareswhichareheldbythetrusttowardsthe |\n| 2011 Plan as at March 31, 2016). These instruments will generally vest over a period of 4 years. The plan numbers mentioned above are further adjusted with the September 2018 bonus issue. TheequitysettledandcashsettledRSUsandstockoptionswouldvestgenerallyoveraperiodof4yearsandshallbeexercisablewithintheperiodasapprovedbytheNominationandRemunerationCommittee |\n| (NARC). The exercise price of the RSUs will be equal to the par value of the shares and the exercise price of the stock options would be the market price as on the date of grant. Controlledtrustholds96,55,927sharesand1,09,16,829sharesasatMarch31,2025andMarch31,2024,respectivelyunderthe2015plan.Outoftheseshares,200,000equityshareseachhavebeenearmarkedfor |\n| welfare activities of the employees as at March 31, 2025 and March 31, 2024. |\n| The following is the summary of grants during the year ended March 31, 2025 and March 31, 2024: 2019 Plan 2015 Plan Particulars Year ended March 31, Year ended March 31, 2025 2024 2025 2024 Equity settled RSUs Key Management Personnel (KMP) 119,699 141,171 380,842 498,730 Employees other than KMP 3,624,646 4,046,731 1,874,690 4,640,640 |\n| 3,744,345 4,187,902 2,255,532 5,139,370 Cash settled RSUs Key Management Personnel (KMP) - - - - Employees other than KMP - - 94,050 176,990 - - 94,050 176,990 Total Grants 3,744,345 4,187,902 2,349,582 5,316,360 |\n| Notes on grants to KMP: CEO & MD |\n| Under the 2015 plan: TheBoard,onApril18,2024,basedontherecommendationsoftheNominationandRemunerationCommitteeapprovedthefollowinggrantsforfiscal2025.Inaccordancewithsuchapprovalthefollowinggrants |\n| were made effective May 2, 2024. -245,679performance-basedRSUs(Annualperformanceequitygrant)offairvalueof₹34.75crore.TheseRSUswillvestinlinewiththeemploymentagreementbasedonachievementofcertainperformance targets. -14,140performance-basedgrantofRSUs(AnnualperformanceequityESGgrant)offairvalueof₹2crore.TheseRSUswillvestinlinewiththeemploymentagreementbasedonachievementofcertain |\n| environment, social and governance milestones as determined by the Board. -35,349performance-basedgrantofRSUs(AnnualperformanceEquityTSRgrant)offairvalueof₹5crore.TheseRSUswillvestinlinewiththeemploymentagreementbasedonCompany’sperformanceon cumulative relative TSR over the years and as determined by the Board. Further, in accordance with the employee agreement which has been approved by the shareholders, the CEO is eligible to receive an annual grant of RSUs of fair value ₹3 crore which will vest overtime in three equal |\n| annual installments upon the completion of each year of service from the respective grant date. Accordingly, annual time-based grant of 16,204 RSUs was made effective February 1, 2025 for fiscal 2025. ThoughtheannualtimebasedgrantsandannualperformanceequityTSRgrantfortheremainingemploymenttermendingonMarch31,2027havenotbeengrantedasofMarch31,2025,sincetheservice |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 208, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "7509ae7c160e1db2", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 209\n\n| Under the 2019 plan: TheBoard,onApril18,2024,basedontherecommendationsoftheNominationandRemunerationCommittee,approvedperformance-basedgrantofRSUsamountingto₹10croreforfiscal2025underthe2019 |\n|---|\n| Plan. These RSUs will vest based on achievement of certain performance targets. Accordingly, 70,699 performance based RSU’s were granted effective May 2, 2024. Other KMP Under the 2015 plan: |\n| DuringtheyearendedMarch31,2025,basedon recommendationsofNominationandRemunerationCommittee,theBoardapproved69,470time basedRSUstootherKMPunderthe2015plan.Timebased RSUs will vest over four years. Under the 2019 plan: |\n| DuringtheyearendedMarch31,2025,basedonrecommendationsofNominationandRemunerationCommittee,theBoardapprovedperformancebasedgrantsof49,000RSUstootherKMPsunderthe2019plan. These RSUs will vest over three years based on achievement of certain performance targets. The break-up of employee stock compensation expense is as follows: (in ₹ crore) Particulars Year ended March 31, 2025 2024 Granted to: |\n| KMP 70 68 Employees other than KMP 642 507 Total (1) 712 575 (1) Cash settled stock compensation expense included in the above 8 5 The activity in the 2015 and 2019 Plan for equity-settled share based payment transactions during the year ended March 31, 2025 and March 31, 2024 is set out as follows: Year ended Year ended Particulars March 31, 2025 March 31, 2024 Shares arising out Weighted Shares arising out Weighted average of options average of options exercise price (₹) exercise price (₹) |\n| 2015 Plan: RSUs Outstanding at the beginning 80,76,058 5.00 54,08,018 5.00 Granted 22,55,532 5.00 51,39,370 5.00 Exercised 20,80,865 5.00 18,15,025 5.00 Forfeited and expired 991,261 5.00 6,56,305 5.00 Outstanding at the end 72,59,464 5.00 80,76,058 5.00 Exercisable at the end 6,29,138 4.97 8,31,050 4.98 2015 Plan: Employee Stock Options (ESOPs) Outstanding at the beginning 82,050 551 134,030 529 Granted - - - - Exercised 61,672 573 51,980 499 |\n| Forfeited and expired 2,824 499 - - Outstanding at the end 17,554 499 82,050 551 Exercisable at the end 17,554 ,499 82,050 551 2019 Plan: RSUs Outstanding at the beginning 80,23,855 5.00 72,22,038 5.00 Granted 37,44,345 5.00 41,87,902 5.00 15,14,356 5.00 16,95,705 5.00 |\n| Exercised Forfeited and expired 21,81,209 5.00 16,90,380 5.00 Outstanding at the end 80,72,635 5.00 80,23,855 5.00 Exercisable at the end 7,70,321 5.00 8,14,798 5.00 The weighted average share price of option exercised is set out as follows: (in ₹) 2019 Plan 2015 Plan |\n| Year ended March 31, Year ended March 31, Particulars 2025 2024 2025 2024 Weighted average share price of options exercised 1,587 1,352 1,601 1,414 |\n| The summary of information about equity settled RSUs and ESOPs outstanding as at March 31, 2025 is as follows: 2019 plan - Options outstanding 2015 plan - Options outstanding Weighted No. of shares average No. of shares Weighted average Weighted average Weighted average Range of exercise prices per share (₹) arising out of remaining arising out of remaining |\n| exercise price (₹) exercise price (₹) options contractual options contractual life life 0 - 5 (RSU) 8,072,635 1.23 5.00 7,259,464 1.51 5.00 450 - 640 (ESOP) - - - 17,554 0.58 499 |\n| The summary of information about equity settled RSUs and ESOPs outstanding as at March 31, 2024 was as follows: 2019 plan - Options outstanding 2015 plan - Options outstanding Weighted No. of shares average No. of shares Weighted average Weighted average Weighted average Range of exercise prices per share (₹) arising out of remaining arising out of remaining |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 209, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "1c44bbaacf790fbf", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 210\n\n| crore as at March 31, 2025 and March 31, 2024 respectively. |\n|---|\n| The fair value of the awards are estimated using the Black-Scholes Model for time and non-market performance-based options and Monte Carlo simulation model is used for TSR based options. Theinputstothemodelincludethesharepriceatdateofgrant,exerciseprice,expectedvolatility,expecteddividends,expectedtermandtheriskfreerateofinterest.Expectedvolatilityduringtheexpectedtermof theoptionsisbasedonhistoricalvolatilityoftheobservedmarketpricesoftheCompany'spubliclytradedequitysharesduringaperiodequivalenttotheexpectedtermoftheoptions.Expectedvolatilityofthe |\n| comparativecompanyhavebeenmodelledbasedonhistoricalmovementsinthemarketpricesoftheirpubliclytradedequitysharesduringaperiodequivalenttotheexpectedtermoftheoptions.Correlation coefficient is calculated between each peer entity and the indices as a whole or between each entity in the peer group. The fair value of each equity settled award is estimated on the date of grant using the following assumptions: Particulars For options granted in Fiscal 2025- Fiscal 2025- Fiscal 2024- Fiscal 2024- Equity Shares- ADS-RSU Equity Shares- ADS-RSU RSU RSU Weighted average share price (₹) / ($ ADS) 1,808 21.44 1,588 19.19 |\n| Exercise price (₹) / ($ ADS) 5.00 0.07 5.00 0.07 Expected volatility (%) 21-26 23-28 23-31 25-33 Expected life of the option (years) 1-4 1-4 1-4 1-4 Expected dividends (%) 2-3 2-3 2-3 2-3 Risk-free interest rate (%) 7 4-5 7 4-5 Weighted average fair value as on grant date (₹) / ($ ADS) 1,555 18.20 1,317 16.27 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 210, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "8a7936450f2449fc", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 211\n\n| Non-current Others Compensated absences 90 81 Accrued compensation to employees (1) 5 7 |\n|---|\n| Accrued expenses (1) 1,876 1,779 |\n| Payable for acquisition of business - Contingent consideration (2) 20 - |\n| Other payables (1) - 74 Total non-current other financial liabilities 1,991 1,941 |\n| Current Unpaid dividends (1) 45 37 Others |\n| Accrued compensation to employees (1) 3,781 3,336 |\n| Accrued expenses (1)(4) 6,210 5,134 |\n| Capital creditors (1) 470 269 Compensated absences |\n| 2,322 2,078 Payable for acquisition of business - Contingent consideration (2) 11 - |\n| Other payables (1)(5) 1,206 933 |\n| Foreign currency forward and options contracts (2)(3) 56 21 Total current other financial liabilities 14,101 11,808 |\n| Total other financial liabilities 16,092 13,749 (1) Financial liability carried at amortized cost 13,593 11,569 |\n| (2) Financial liability carried at fair value through profit or loss 54 20 |\n| (3) Financial liability carried at fair value through other comprehensive income 33 1 |\n| (4) Includes dues to subsidiaries 56 29 |\n| (5) Includes dues to subsidiaries 669 405 Financial liability towards contingent consideration on an undiscounted basis 33 - |\n| Accruedexpensesprimarilyrelatetocostoftechnicalsub-contractors,telecommunicationcharges,legalandprofessionalcharges,brandbuildingexpenses,overseastravel expenses, office maintenance and cost of third party software and hardware. 2.14 TRADE PAYABLES (In ₹ crore) Particulars As at March 31, 2025 March 31, 2024 Outstanding dues of micro enterprises and small enterprises 8 92 |\n| Outstanding dues of creditors other than micro enterprises and small enterprises(1) 2,720 2,401 Total trade payables 2,728 2,493 (1)Includes dues to subsidiaries 900 778 TheinformationasrequiredtobedisclosedpursuantundertheMicro,SmallandMediumEnterprisesDevelopmentAct,2006(MSMEDAct,2006)hasbeendetermined to the extent such parties have been identified on the basis of information available with the Company (In ₹ crore) Particulars As at March 31, 2025 March 31, 2024 |\n| Amount remaining unpaid : Principal 8 92 Interest - - Interest paid by the Company under MSMED Act, 2006 along with the amounts of the payment made to the supplier beyond the appointed day 9 6 |\n| Interest due and payable for the period of delay in making payment (which has been paid but beyond the appointed day during the year) but without adding the interest specified under the |\n| - - MSMED Act, 2006); Interest accrued and remaining unpaid at the end of the year - - Interest remaining due and payable (pertaining to prior years), until such date when the interest |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 211, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "cd5f633bd3a596db", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 212\n\n| Others Total trade payables Relationship with s | truck off companies | 9 2 1,557 2,039 1 ,565 2,131 |  | - 1,163 362 1 ,163 - 362 - | - - - |  | - - - - - |  | - - - - - | (In ₹ | 9 2 2 ,720 2,401 2 ,728 2,493 crore) |\n|---|---|---|---|---|---|---|---|---|---|---|---|\n| Name of Struck off | Company |  | Nature of | transactions | Transa during March | ctio the 31, | ns year 2025 | Balance outstanding a March 31, 202 | Re s at t 5 | lationship he Struck compan | with off y |\n| There are no transact 2.15 OTHER LIAB Particulars | ions with struck off companies for the year endin ILITIES | g Marc | h 31, 2024 |  |  |  |  | March 31, | As at 2025 | (In ₹ March 31 | crore) , 2024 |\n| Non-current Others Accrued defined b Others Total non - current | enefit liability other liabilities |  |  |  |  |  |  |  | 74 21 95 |  | 123 27 150 |\n| Current Unearned revenue Others Withholding taxes | and others |  |  |  |  |  |  |  | 6,713 2,433 |  | 5,698 1,974 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 212, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "cfe5721c9cec8e80", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 213\n\n| Accounting Policy Aprovisionisrecognizedif,asaresultofapastevent,theCompanyhasapresentlegalorconstructiveobligationthatisreasonablyestimable,anditisprobablethatanoutflowof economicbenefitswillberequiredtosettletheobligation.Provisionsaredeterminedbydiscountingtheexpectedfuturecashflowsatapre-taxratethatreflectscurrentmarket assessmentsofthetimevalueofmoneyandtherisksspecifictotheliability.TheCompanyrecognizesareimbursementassetwhen,andonlywhen,itisvirtuallycertainthatthe |\n|---|\n| reimbursement will be received if the Company settles the obligation. p a. Post-sales client support TheCompanyprovidesitsclientswithafixed-periodpostsalessupportonitsfixed-price,fixed-timeframecontracts.Costsassociatedwithsuchsupportservicesareaccruedatthe timerelatedrevenuesarerecordedintheStatementofProfitandLoss.TheCompanyestimatessuchcostsbasedonhistoricalexperienceandestimatesarereviewedonaperiodic |\n| basis for any material changes in assumptions and likelihood of occurrence. b. Onerous contracts ProvisionsforonerouscontractsarerecognizedwhentheexpectedbenefitstobederivedbytheCompanyfromacontractarelowerthantheunavoidablecostsofmeetingthefuture obligationsunderthecontract.Provisionsforestimatedlosses,ifany,onincompletecontractsarerecordedintheperiodinwhichsuchlossesbecomeprobablebasedonthe |\n| estimatedeffortsorcoststocompletethecontract.Theprovisionismeasuredatthepresentvalueoftheloweroftheexpectedcostofterminatingthecontractandtheexpectednet cost of continuing with the contract. Before a provision is established, the Company recognizes any impairment loss on the assets associated with that contract. Provision for post-sales client support and other provisions (In ₹ crore) Particulars As at March 31, 2025 March 31, 2024 |\n| Current Others Post-sales client support and other provisions 993 1,464 Total provisions 993 1,464 The movement in the provision for post-sales client support is as follows : (In ₹ crore) Particulars Year ended March 31, 2025 Balance at the beginning 1,464 Provision recognized/(reversed) 119 Provision utilized (618) |\n| Translation difference 28 Balance at the end 993 Provision for post sales client support and other provisions majorly represents costs associated with providing sales support services which are accrued at the time of recognition of revenues and are expected to be utilized over a period of 1 year. |\n| 2.17 INCOME TAXES Accounting Policy Incometaxexpensecomprisescurrentanddeferredincometax.IncometaxexpenseisrecognizedinnetprofitintheStatementofProfitandLossexcepttotheextentthatitrelates toitemsrecognizeddirectlyinequity,inwhichcaseitisrecognizedinequityorothercomprehensiveincome.Currentincometaxforcurrentandpriorperiodsisrecognizedatthe |\n| amountexpectedtobepaidtoorrecoveredfromthetaxauthorities,usingthetaxratesandtaxlawsthathavebeenenactedorsubstantivelyenactedbytheBalanceSheetdate. Deferredincometaxassetsandliabilitiesarerecognizedforalltemporarydifferencesarisingbetweenthetaxbasesofassetsandliabilitiesandtheircarryingamountsinthefinancial statements. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized. DeferredincometaxassetsandliabilitiesaremeasuredusingtaxratesandtaxlawsthathavebeenenactedorsubstantivelyenactedbytheBalanceSheetdateandareexpectedto applytotaxableincomeintheyearsinwhichthosetemporarydifferencesareexpectedtoberecoveredorsettled.Theeffectofchangesintaxratesondeferredincometaxassets |\n| andliabilitiesisrecognizedasincomeorexpenseintheperiodthatincludestheenactmentorthesubstantiveenactmentdate.Adeferredincometaxassetisrecognizedtotheextent thatitisprobablethatfuturetaxableprofitwillbeavailableagainstwhichthedeductibletemporarydifferencesandtaxlossescanbeutilized.Deferredincometaxesarenot provided on the undistributed earnings of subsidiaries and branches where it is expected that the earnings of the subsidiary or branch will not be distributed in the foreseeable future. TheCompanyoffsetscurrenttaxassetsandcurrenttaxliabilities;deferredtaxassetsanddeferredtaxliabilities,whereithasalegallyenforceablerighttosetofftherecognized amountsandwhereitintendseithertosettleonanetbasis,ortorealizetheassetandsettletheliabilitysimultaneously.Theincometaxprovisionfortheinterimperiodismade |\n| basedonthebestestimateoftheannualaveragetaxrateexpectedtobeapplicableforthefullfinancialyear.Taxbenefitsofdeductionsearnedonexerciseofemployeeshare options in excess of compensation charged to income are credited to equity. Income tax expense in the statement of Profit and Loss comprises: (In ₹ crore) Particulars Year ended March 31, 2025 2024 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 213, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "25b84549f05e3c16", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 214\n\n| Overseas taxes 1,064 1,081 Tax provision (reversals) 97 (913) Effect of exempt non-operating income (413) (1,086) Effect of non-deductible expenses 168 135 Effect of differential tax rates - (189) Others 37 136 Income tax expense 9,873 8,719 |\n|---|\n| The applicable Indian corporate statutory tax rate for the year ended March 31, 2025 is 25.17% and for the year ended March 31, 2024 is 34.94%. Income tax expense for the year ended March 31, 2025 and March 31, 2024 includes provisions (net of reversals) of ₹97 crore and reversals (net of provisions) of ₹913 crore, |\n| respectively. These provisions and reversals pertaining to prior periods are primarily on account of adjudication of certain disputed matters, upon filing of tax return and completion of assessments, across various jurisdictions. DuringtheyearendedMarch31,2025,theCompanyreceivedordersundersection250oftheIncomeTaxAct,1961,fromtheIncomeTaxAuthoritiesinIndiafortheassessment years,2016-17and2019-20.TheseordersconfirmedtheCompany'spositionwithrespecttotaxtreatmentofcertaincontentiousmatters.Asaresultinterestincome(pre-tax)of |\n| ₹327crorewasrecognisedandprovisionforincometaxaggregating₹183crorewasreversedwithacorrespondingcredittotheStatementofProfitandLoss.Also,uponresolution of the disputes, an amount aggregating to ₹1,068 crore has been reduced from contingent liabilities. During the year ended March 31, 2024, the Company received orders under sections 250 and 254 of the Income Tax Act, 1961, from the Income Tax Authorities in India for the assessment years, 2007-08 to 2015-16, 2017-18 and 2018-19. These orders confirmed the Company's position with respect to tax treatment of certain contentious matters. As a result interest income (pre-tax) of ₹1,933 crore was recognised and provision for income tax aggregating ₹525 crore was reversed with a corresponding credit to the Statement of |\n| Profit and Loss. Also, upon resolution of the disputes, an amount aggregating to ₹ 1,628 crore has been reduced from contingent liabilities. The foreign tax expense is due to income taxes payable overseas, principally in the United States. In India, the Company has benefited from certain income tax incentives that the Government of India had provided for export of software and services from the units registered under the Special Economic Zones Act (SEZs), 2005 in the prior years. SEZ units which began the provision of services on or after April 1, 2005 are eligible for a deduction of 100% of profits or gains derived from the export of services for the first five years from the financial year in which the unit commenced the provision of services and 50% of such |\n| profits or gains for further five years. Up to 50% of such profits or gains is also available for a further five years subject to creation of a Special Economic Zone re-investment Reserve out of the profit for the eligible SEZ units and utilization of such reserve by the Company for acquiring new plant and machinery for the purpose of its business as per the provisions of the Income Tax Act, 1961. (Refer to Special Economic Zone Re-investment reserve under Note 2.12 Equity). |\n| Deferred income tax for the year ended March 31, 2025 and March 31, 2024 substantially relates to origination and reversal of temporary differences. Infosys is subject to a 15% Branch Profit Tax (BPT) in the U.S. to the extent its U.S. branch's net profit during the year is greater than the increase in the net assets of the U.S. branch during the year, computed in accordance with the Internal Revenue Code. As at March 31, 2025, Infosys' U.S. branch net assets amounted to approximately ₹ 7,755 crore. |\n| As at March 31, 2025, the Company has a deferred tax liability for branch profit tax of ₹271 crore (net of credits), as the Company estimates that these branch profits are expected to be distributed in the foreseeable future. Deferred income tax liabilities have not been recognized on temporary differences amounting to ₹16,593 crore and ₹10,776 crore as at March 31, 2025 and March 31, 2024, respectively, associated with investments in subsidiaries and branches as the Company is able to control the timing of reversal of the temporary difference and it is probable that the |\n| temporary differences will not reverse in the foreseeable future. The Company majorly intends to repatriate earnings from subsidiaries and branches only to the extent these can be distributed in a tax free manner. Deferred income tax assets have not been recognized on accumulated losses of ₹1,466 crore and ₹1,358 crore as at March 31, 2025 and March 31, 2024, respectively as it is |\n| probable that future taxable profit will not be available against which the unused tax losses can be utilized in the foreseeable future. Majority of the accumulated losses as at March 31, 2025 will expire between financial years 2028 to 2030. The details of income tax assets and income tax liabilities as at March 31, 2025 and March 31, 2024: (In ₹ crore) Particulars As at March 31, 2025 March 31, 2024 |\n| Income tax assets 4,113 8,912 Current income tax liabilities 4,016 2,962 Net current income tax assets/(liabilities) at the end 97 5,950 The gross movement in the current income tax assets/ (liabilities) for the year ended March 31, 2025 and March 31, 2024 is as follows: (In ₹ crore) Particulars As at March 31, 2025 March 31, 2024 Net current income tax assets/(liabilities) at the beginning 5,950 3,082 Income tax paid* 4,601 8,235 Interest receivable on income tax refund 327 1,934 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 214, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "e88b73d1f1d08a46", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 215\n\n| Post sales client Derivative finan Credits related t Intangibles throu Branch profit tax SEZ reinvestmen Interest receivab Others Total deferred i The movement i Particulars Deferred incom Property, plant a Lease liabilities Trade receivable Compensated ab | support cial instruments o branch profits gh business transf t reserve le on income tax re ncome tax assets/ n gross deferred in e tax assets/(liabi nd equipment s sences | er fund (liabilities) come tax assets lities) | and liabiliti | es (before set | off) for Carryi value a April 1 | 19 (11) 811 1 (1,080) (1,939) (487) 1 (1,509) the year ng s of , 2023 211 199 211 501 | ended Ma Changes through profit and | 14 (21) (37) (1) 41 554 416 (25) 963 rch 31, 20 C O loss 69 (26) (30) 41 | 24 is as hanges CI | follow throug | - 8 - - - - - (21) (13) s: h - - - - | Transla differen | tion ce | - 17 - (23) - - (1) (6) Carr Marc - - - - | (In ₹ ying value a h 31, 2024 | 33 (24) 791 - (1,062) (1,385) (71) (46) (565) crore) s of 280 173 181 542 |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| Post sales client Derivative finan Credits related t Intangibles throu Branch profit tax SEZ reinvestmen Interest receivab Others Total deferred i The tax effects o Particulars | support cial instruments o branch profits gh business transf t reserve le on income tax re ncome tax assets/ f significant tempo | er fund (liabilities) rary differences | that resulte | d in deferred | income | 188 - 718 2 (866) (1,329) - 78 (87) tax asset | s and liabil | (169) (7) 84 (1) (202) (610) (487) (75) (1,413) ities are a | s follows | : | - (4) - - - - - (4) (8) |  |  | - - 9 - (12) - - 2 (1) As at | (In ₹ | 19 (11) 811 1 (1,080) (1,939) (487) 1 (1,509) crore) |\n| Deferred income Deferred income In assessing the realization of def management con | tax assets after se tax liabilities after reliazibility of defe erred income tax a siders the schedul | t off set off rred income tax ssets is depende ed reversals of d | assets, the nt upon the eferred inc | management generation o ome tax liabili | consider f future t ties, pro | s wheth axable i jected f | er some po ncome duri uture taxabl | rtion or all ng the per e income, | of the d iods in w and tax | eferre hich t planni | d inc he t ng s | M ome tax emporary trategies | arch 3 assets differ in mak | 1, 2025 497 (1,062) will not be rea ences become ing this assess | March 3 lized. The ul deductible. ment. Based | 1, 2024 - (1,509) timate The on the |\n| level of historica Company will re estimates of futu The Company’s | l taxable income a alize the benefits o re taxable income Advanced Pricing | nd projections fo f those deductib during the carry Arrangement (A | r future tax le differenc forward pe PA) with th | able income es. The amou riod are reduc e Internal Re | over the nt of the ed. venue S | periods deferre ervice (I | in which th d income ta RS) for US | e deferred x assets c branch in | income onsidere come ta | tax as d reali x expir | sets zabl ed i | are dedu e, howev n March | ctible, er, cou 2021. | management b ld be reduced The Company | elieves that in the near t has applied | the erm if for |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 215, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "833dc05031f3efd2", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 216\n\n| 2.18 REVENUE FROM OPERATIONS |\n|---|\n| Accounting Policy TheCompanyderivesrevenuesprimarilyfromITservicescomprisingsoftwaredevelopmentandrelatedservices,cloudandinfrastructureservices,maintenance,consultingand |\n| packageimplementation,licensingofsoftwareproductsandplatformsacrosstheCompany’scoreanddigitalofferings(togethercalledas“softwarerelatedservices”).Contractswith customers are either on a time-and-material, unit of work, fixed-price or on a fixed-timeframe basis. Revenuesfromcustomercontractsareconsideredforrecognitionandmeasurementwhenthecontracthasbeenapprovedinwriting,bytheparties,tothecontract,thepartiesto contractarecommittedtoperformtheirrespectiveobligationsunderthecontract,andthecontractislegallyenforceable.Revenueisrecognizedupontransferofcontrolofpromised |\n| productsorservices(“performanceobligations”)tocustomersinanamountthatreflectstheconsiderationtheCompanyhasreceivedorexpectstoreceiveinexchangeforthese products or services (“transaction price”). When there is uncertainty as to collectability, revenue recognition is postponed until such uncertainty is resolved. TheCompanyassessestheservicespromisedinacontractandidentifiesdistinctperformanceobligationsinthecontract.TheCompanyallocatesthetransactionpricetoeachdistinct performanceobligationbasedontherelativestandalonesellingprice.Thepricethatisregularlychargedforanitemwhensoldseparatelyisthebestevidenceofitsstandaloneselling |\n| price.Intheabsenceofsuchevidence,theprimarymethodusedtoestimatestandalonesellingpriceistheexpectedcostplusamargin,underwhichtheCompanyestimatesthecostof satisfying the performance obligation and then adds an appropriate margin based on similar services. TheCompany’scontractsmayincludevariableconsiderationincludingrebates,volumediscountsandpenalties.TheCompanyincludesvariableconsiderationaspartoftransaction |\n| pricewhenthereisabasistoreasonablyestimatetheamountofthevariableconsiderationandwhenitisprobablethatasignificantreversalofcumulativerevenuerecognizedwillnot occur when the uncertainty associated with the variable consideration is resolved. Revenueontime-and-materialandunitofworkbasedcontracts,arerecognizedastherelatedservicesareperformed.Fixedpricemaintenancerevenueisrecognizedratablyeitheron astraight-linebasiswhenservicesareperformedthroughanindefinitenumberofrepetitiveactsoveraspecifiedperiodorratablyusingapercentageofcompletionmethodwhenthe patternofbenefitsfromtheservicesrenderedtothecustomerandCompany’scoststofulfilthecontractisnoteventhroughtheperiodofcontractbecausetheservicesaregenerally discreteinnatureandnotrepetitive.Revenuefromotherfixed-price,fixed-timeframecontracts,wheretheperformanceobligationsaresatisfiedovertimeisrecognizedusingthe |\n| percentage-of-completionmethod.Effortsorcostsexpendedareusedtodetermineprogresstowardscompletionasthereisadirectrelationshipbetweeninputandproductivity. Progresstowardscompletionismeasuredastheratioofcostsoreffortsincurredtodate(representingworkperformed)totheestimatedtotalcostsorefforts.Estimatesoftransaction priceandtotalcostsoreffortsarecontinuouslymonitoredoverthetermofthecontractsandarerecognizedinnetprofitintheperiodwhentheseestimateschangeorwhenthe estimatesarerevised.Revenuesandtheestimatedtotalcostsoreffortsaresubjecttorevisionasthecontractprogresses.Provisionsforestimatedlosses,ifany,onincomplete contracts are recorded in the period in which such losses become probable based on the estimated efforts or costs to complete the contract. Thebillingschedulesagreedwithcustomersincludeperiodicperformancebasedbillingand/ormilestonebasedprogressbillings.Revenuesinexcessofbillingareclassifiedas |\n| unbilled revenue while billing in excess of revenues are classified as contract liabilities (which we refer to as \"unearned revenues\"). Inarrangementsforsoftwaredevelopmentandrelatedservicesandmaintenanceservices,byapplyingtherevenuerecognitioncriteriaforeachdistinctperformanceobligation,the arrangementswithcustomersgenerallymeetthecriteriaforconsideringsoftwaredevelopmentandrelatedservicesasdistinctperformanceobligations.Forallocatingthetransaction price,theCompanymeasurestherevenueinrespectofeachperformanceobligationofacontractatitsrelativestandalonesellingprice.Thepricethatisregularlychargedforanitem |\n| whensoldseparatelyisthebestevidenceofitsstandalonesellingprice.IncaseswheretheCompanyisunabletodeterminethestandalonesellingprice,theCompanyusesthe expectedcostplusmarginapproachinestimatingthestandalonesellingprice.Forsoftwaredevelopmentandrelatedservices,theperformanceobligationsaresatisfiedasandwhen the services are rendered since the customer generally obtains control of the work as it progresses. Certaincloudandinfrastructureservicescontractsincludemultipleelementswhichmaybesubjecttootherspecificaccountingguidance,suchasleasingguidance.Thesecontractsare accountedinaccordancewithsuchspecificaccountingguidance.InsucharrangementswheretheCompanyisabletodeterminethathardwareandservicesaredistinctperformance |\n| obligations,itallocatestheconsiderationtotheseperformanceobligationsonarelativestandalonesellingpricebasis.Intheabsenceofstandalonesellingprice,theCompanyusesthe expectedcost-plusmarginapproachinestimatingthestandalonesellingprice.Whensucharrangementsareconsideredasasingleperformanceobligation,revenueisrecognizedover the period and measure of progress is determined based on promise in the contract. Revenuefromlicenseswherethecustomerobtainsa“righttouse”thelicensesisrecognizedatthetimethelicenseismadeavailabletothecustomer.Revenuefromlicenseswhere |\n| the customer obtains a “right to access” is recognized over the access period. Arrangementstodeliversoftwareproductsgenerallyhavethreeelements:license,implementationandAnnualTechnicalServices(ATS).Whenimplementationservicesareprovided inconjunctionwiththelicensingarrangementandthelicenseandimplementationhavebeenidentifiedastwodistinctseparateperformanceobligations,thetransactionpriceforsuch contractsareallocatedtoeachperformanceobligationofthecontractbasedontheirrelativestandalonesellingprices.Intheabsenceofstandalonesellingpriceforimplementation, |\n| theCompanyusestheexpectedcostplusmarginapproachinestimatingthestandalonesellingprice.Wherethelicenseisrequiredtobesubstantiallycustomizedaspartofthe implementationservicetheentirearrangementfeeforlicenseandimplementationisconsideredtobeasingleperformanceobligationandtherevenueisrecognizedusingthe percentage-of-completionmethodastheimplementationisperformed.Revenuefromclienttraining,supportandotherservicesarisingduetothesaleofsoftwareproductsis recognized as the performance obligations are satisfied. ATS revenue is recognized ratably on a straight line basis over the period in which the services are rendered. Contractswithcustomersincludessubcontractorservicesorthird-partyvendorequipmentorsoftwareincertainintegratedservicesarrangements.Inthesetypesofarrangements, revenuefromsalesofthird-partyvendorproductsorservicesisrecordednetofcostswhentheCompanyisactingasanagentbetweenthecustomerandthevendor,andgrosswhen |\n| theCompanyistheprincipalforthetransaction.Indoingso,theCompanyfirstevaluateswhetheritobtainscontrolofthespecifiedgoodsorservicesbeforetheyaretransferredtothe customer.TheCompanyconsiderswhetheritisprimarilyresponsibleforfulfillingthepromisetoprovidethespecifiedgoodsorservices,inventoryrisk,pricingdiscretionandother factors to determine whether it controls the specified goods or services and therefore, is acting as a principal or an agent. Acontractmodificationisachangeinthescopeorpriceorbothofacontractthatisapprovedbythepartiestothecontract.Acontractmodificationthatresultsintheadditionof distinctperformanceobligationsareaccountedforeitherasaseparatecontractiftheadditionalservicesarepricedatthestandalonesellingpriceorasaterminationoftheexisting |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 216, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ea3cccf4cfd11b1b", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 217\n\n| recover them. Certaineligible,nonrecurringcosts(e.g.set-uportransitionortransformationcosts)thatdonotrepresentaseparateperformanceobligationarerecognizedasanassetwhensuchcosts |\n|---|\n| (a)relatedirectlytothecontract;(b)generateorenhanceresourcesoftheCompanythatwillbeusedinsatisfyingtheperformanceobligationinthefuture;and(c)areexpectedtobe recovered. Capitalizedcontractcostsrelatingtoupfrontpaymentstocustomersareamortizedtorevenueandothercapitalizedcostsareamortizedtoexpensesovertherespectivecontractlifeon asystematicbasisconsistentwiththetransferofgoodsorservicestocustomertowhichtheassetrelates.Capitalizedcostsaremonitoredregularlyforimpairment.Impairmentlosses |\n| are recorded when present value of projected remaining operating cash flows is not sufficient to recover the carrying amount of the capitalized costs. The Company presents revenues net of indirect taxes in its Statement of Profit and Loss. Revenue from operations for the year ended March 31, 2025 and March 31, 2024 is as follows: (In ₹ crore) Particulars Year ended March 31, |\n| 2025 2024 Revenue from software services 135,525 128,637 Revenue from products and platforms 1,067 296 Total revenue from operations 136,592 128,933 |\n| Products & platforms |\n| The Company derives revenues from the sale of products and platforms including Infosys Applied AI which applies next-generation AI and machine learning. |\n| The percentage of revenue from fixed-price contracts for the Year ended March 31, 2025 and March 31, 2024 is 58% and 56%, respectively. |\n| Trade receivables and Contract Balances Thetimingofrevenuerecognition,billingsandcashcollectionsresultsinreceivables,unbilledrevenue,andunearnedrevenueontheCompany’sBalanceSheet.Amountsarebilledas |\n| work progresses in accordance with agreed-upon contractual terms, either at periodic intervals (e.g., monthly or quarterly) or upon achievement of contractual milestones. TheCompany’sreceivablesarerightstoconsiderationthatareunconditional. Unbilledrevenuescomprisingrevenuesinexcessofbillingsfromtimeandmaterialcontractsandfixed |\n| price maintenance contracts are classified as financial asset when the right to consideration is unconditional and is due only after a passage of time. Invoicingtotheclientsforotherfixedpricecontractsisbasedonmilestonesasdefinedinthecontractandthereforethetimingofrevenuerecognitionisdifferentfromthetimingof invoicingtothecustomers.Thereforeunbilledrevenuesforotherfixedpricecontracts(contractasset)areclassifiedasnon-financialassetbecausetherighttoconsiderationis dependent on completion of contractual milestones. Invoicing in excess of earnings are classified as unearned revenue. |\n| Trade receivables and unbilled revenues are presented net of impairment in the Balance Sheet. DuringtheyearendedMarch31,2025andMarch31,2024,thecompanyrecognizedrevenueof₹4,404croreand₹4,189crorearisingfromopeningunearnedrevenueasofApril1, 2024 and April 1, 2023 respectively. DuringtheyearendedMarch31,2025andMarch31,2024,₹4,448croreand₹6,396croreofunbilledrevenuepertainingtootherfixedpriceandfixedtimeframecontractsasof |\n| April 1, 2024 and April 1, 2023, respectively has been reclassified to Trade receivables upon billing to customers on completion of milestones. |\n| Remaining performance obligation disclosure Theremainingperformanceobligationdisclosureprovidestheaggregateamountofthetransactionpriceyettoberecognizedasattheendofthereportingperiodandanexplanation astowhentheCompanyexpectstorecognizetheseamountsinrevenue.ApplyingthepracticalexpedientasgiveninIndAS115,theCompanyhasnotdisclosedtheremaining performanceobligationrelateddisclosuresforcontractswheretherevenuerecognizedcorrespondsdirectlywiththevaluetothecustomeroftheentity'sperformancecompletedto |\n| date,typicallythosecontractswhereinvoicingisontime-and-materialandunitofwork-basedcontracts.Remainingperformanceobligationestimatesaresubjecttochangeandare affectedbyseveralfactors,includingterminations,changesinthescopeofcontracts,periodicrevalidations,adjustmentforrevenuethathasnotmaterializedandadjustmentsfor currency fluctuations. TheaggregatevalueofperformanceobligationsthatarecompletelyorpartiallyunsatisfiedasatMarch31,2025,otherthanthosemeetingtheexclusioncriteriamentionedabove,is ₹90,815crore.Outofthis,theCompanyexpectstorecognizerevenueofaround50.9%withinthenextoneyearandaround20.4%betweenoneandtwoyearsandremaining |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 217, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "c2eafc9f2c2732a6", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 218\n\n| 2.19 OTHER INCOME, NET |\n|---|\n| 2.19.1 Other income Accounting Policy Otherincomeiscomprisedprimarilyofinterestincome,dividendincome,gain/lossoninvestmentsandexchangegain/lossonforwardandoptionscontractsandon |\n| translationofforeigncurrencyassetsandliabilities.Interestincomeisrecognizedusingtheeffectiveinterestmethod.Dividendincomeisrecognizedwhentherightto receive payment is established. |\n| 2.19.2 Foreign currency |\n| Accounting Policy |\n| Functional currency |\n| The functional currency of the Company is the Indian rupee. These financial statements are presented in Indian rupees (rounded off to crore; one crore equals ten million). Transactions and translations Foreign-currencydenominatedmonetaryassetsandliabilitiesaretranslatedintotherelevantfunctionalcurrencyatexchangeratesineffectattheBalanceSheetdate.The gainsorlossesresultingfromsuchtranslationsarerecognizedintheStatementofProfitandLossandreportedwithinexchangegains/(losses)ontranslationofassetsand |\n| liabilities,net,exceptwhendeferredinOtherComprehensiveIncomeasqualifyingcashflowhedges.Non-monetaryassetsandnon-monetaryliabilitiesdenominatedina foreigncurrencyandmeasuredatfairvaluearetranslatedattheexchangerateprevalentatthedatewhenthefairvaluewasdetermined.Non-monetaryassetsandnon- monetaryliabilitiesdenominatedinaforeigncurrencyandmeasuredathistoricalcostaretranslatedattheexchangerateprevalentatthedateofthetransaction.Therelated revenue and expense are recognized using the same exchange rate. Transactiongainsorlossesrealizeduponsettlementofforeigncurrencytransactionsareincludedindeterminingnetprofitfortheperiodinwhichthetransactionissettled. |\n| Revenue,expenseandcash-flowitemsdenominatedinforeigncurrenciesaretranslatedintotherelevantfunctionalcurrenciesusingtheexchangerateineffectonthedateof the transaction. OtherComprehensiveIncome,netoftaxesincludestranslationdifferencesonnon-monetaryfinancialassetsmeasuredatfairvalueatthereportingdate,suchasequities |\n| classified as financial instruments and measured at fair value through other comprehensive income (FVOCI). |\n| Government grant TheCompanyrecognizesgovernmentgrantsonlywhenthereisreasonableassurancethattheconditionsattachedtothemshallbecompliedwith,andthegrantswillbe received.GovernmentgrantsrelatedtoassetsaretreatedasdeferredincomeandarerecognizedinthenetprofitintheStatementofProfitandLossonasystematicand |\n| rationalbasisovertheusefullifeoftheasset.GovernmentgrantsrelatedtorevenuearerecognizedonasystematicbasisinthenetprofitintheStatementofProfitandLoss over the periods necessary to match them with the related costs which they are intended to compensate. Other income for the year ended March 31, 2025 and March 31, 2024 is as follows: (In ₹ crore) Particulars Year ended March 31, 2025 2024 Interest income on financial assets carried at amortized cost Tax free bonds and government bonds 121 131 Deposit with Bank and others 1,051 665 Interest income on financial assets carried at fair value through other comprehensive income Non-convertible debentures, commercial papers, certificates of deposit and 1,005 898 government securities |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 218, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "01a8f80ebb33f00d", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 220\n\n| Accounting Policy 2.21.1 Gratuity and Pensions TheCompanyprovidesforgratuity,adefinedbenefitretirementplan('theGratuityPlan')coveringeligibleIndianemployeesofInfosys.TheGratuityPlanprovidesalump-sumpaymenttovestedemployees atretirement,death,incapacitationorterminationofemployment,ofanamountbasedontherespectiveemployee'ssalaryandthetenureofemploymentwiththeCompany.TheCompanycontributes |\n|---|\n| GratuityliabilitiestotheInfosysLimitedEmployees'GratuityFundTrust(theTrust).TrusteesadministercontributionsmadetotheTrustsandcontributionsareinvestedinaschemewiththeLifeInsurance Corporation of India as permitted by Indian law. TheCompanyoperatesdefinedbenefitpensionplanincertainoverseasjurisdictions,inaccordancewiththelocallaws.Theseplansaremanagedbythirdpartyfundmanagers.Theplansprovideforperiodic |\n| payoutsafterretirementand/oralumpsumpaymentassetoutinrulesofeachfundandincludesdeathanddisabilitybenefits.Thedefinedbenefitplansrequirecontributionswhicharebasedonapercentage of salary that varies depending on the age of the respective employees. Liabilitieswithregardtothesedefinedbenefitplansaredeterminedbyactuarialvaluation,performedbyanexternalactuary,ateachBalanceSheetdateusingtheprojectedunitcreditmethod.Thesedefined |\n| benefit plans expose the Company to actuarial risks, such as longevity risk, interest rate risk and market risk. TheCompanyrecognizesthenetobligationofadefinedbenefitplaninitsBalanceSheetasanassetorliability.Gainsandlossesthroughre-measurementsofthenetdefinedbenefitliability/(asset)are recognizedinothercomprehensiveincomeandarenotreclassifiedtoprofitorlossinsubsequentperiods.Theactualreturnoftheportfolioofplanassets,inexcessoftheyieldscomputedbyapplyingthe |\n| discount rate used to measure the defined benefit obligation is recognized in other comprehensive income. The effect of any plan amendments is recognized in net profit in the Statement of Profit and Loss. |\n| 2.21.2 Provident fund EligibleemployeesofInfosysreceivebenefitsfromaprovidentfund,whichisadefinedbenefitplan.BoththeeligibleemployeeandtheCompanymakemonthlycontributionstotheprovidentfundplan equaltoaspecifiedpercentageofthecoveredemployee'ssalary.TheCompanycontributesaportiontotheInfosysLimitedEmployees'ProvidentFundTrust.Thetrustinvestsinspecificdesignated |\n| instrumentsaspermittedbyIndianlaw.Theremainingportioniscontributedtothegovernmentadministeredpensionfund.Therateatwhichtheannualinterestispayabletothebeneficiariesbythetrustis being administered by the Government of India. The Company has an obligation to make good the shortfall, if any, between the return from the investments of the Trust and the notified interest rate. 2.21.3 Superannuation |\n| CertainemployeesofInfosysareparticipantsinadefinedcontributionplan.TheCompanyhasnofurtherobligationstothePlanbeyonditsmonthlycontributionswhichareperiodicallycontributedtoatrust fund, the corpus of which is invested with the Life Insurance Corporation of India. |\n| 2.21.4 Compensated absences TheCompanyhasapolicyoncompensatedabsenceswhicharebothaccumulatingandnon-accumulatinginnature.Theexpectedcostofaccumulatingcompensatedabsencesisdeterminedbyactuarial |\n| valuationperformedbyanexternalactuaryateachBalanceSheetdateusingprojectedunitcreditmethodontheadditionalamountexpectedtobepaid/availedasaresultoftheunusedentitlementthathas accumulated at the Balance Sheet date. Expense on non-accumulating compensated absences is recognized in the period in which the absences occur. |\n| a. Gratuity and Pension |\n| The following table sets out the details of the defined benefit retirement plans and the amounts recognized in the standalone financial statements as at March 31, 2025 and March 31, 2024: (In ₹ crore) Particulars Gratuity Pension As at March 31, As at March 31, 2025 2024 2025 2024 Change in benefit obligations Benefit obligations at the beginning 1,830 1,524 686 591 Service cost 305 280 28 30 Interest expense 122 104 11 11 Past service cost - plan amendments - - - (28) Transfer 4 32 - - Remeasurements - Actuarial (gains)/ losses 73 22 57 18 Employee contribution - - 24 23 Benefits paid (158) (132) (18) 29 Translation difference 1 - 37 12 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 220, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "a165546647f1b2f3", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 221\n\n| Service cost 305 280 28 30 Net interest on the net defined benefit liability/asset (10) (6) - 1 Plan amendments - - - (28) Net cost 295 274 28 3 The amount for the year ended March 31, 2025 and March 31, 2024 recognized in the statement of other comprehensive income are as follows: (In ₹ crore) Particulars Gratuity Pension Year ended March 31, Year ended March 31, 2025 2024 2025 2024 |\n|---|\n| Remeasurements of the net defined benefit liability/ (asset) Actuarial (gains) / losses 73 22 57 18 (Return) / loss on plan assets excluding amounts included in the net interest on the net defined benefit liability/(asset) (20) (15) (48) (11) 53 7 9 7 Break up of actuarial (gains)/losses for year ended March 31, 2025 and March 31, 2024 is as follows: (In ₹ crore) Particulars Gratuity Pension Year ended March 31, Year ended March 31, |\n| 2025 2024 2025 2024 (Gain)/loss from change in demographic assumptions - - - - (Gain)/loss from change in financial assumptions 39 9 36 16 (Gain) / loss from change in experience assumptions 34 13 21 2 73 22 57 18 |\n| The weighted-average assumptions used to determine benefit obligations as at March 31, 2025 and March 31, 2024 are set out below: Particulars Gratuity Pension As at March 31, As at March 31, 2025 2024 2025 2024 |\n| Discount Rate (1) 6.50% 7% 0.9%-3.4% 1.5%-3.4% Weighted average rate of increase in compensation levels (2) 6% 6% 1%-3% 1%-3% Weighted average duration of defined benefit obligation (3) 5.7 years 5.8 years 13 years 12 years |\n| The weighted-average assumptions used to determine net periodic benefit cost for the year ended March 31, 2025 and March 31, 2024 are set out below: Particulars Gratuity Pension Year ended March 31, Year ended March 31, |\n| 2025 2024 2025 2024 Discount rate 7.0% 7.1% 1.5%-3.4% 1.8%-3.2% Weighted average rate of increase in compensation levels 6% 6% 1%-3% 1%-3% (1)FordomesticdefinedbenefitplaninIndia,themarketforhighqualitycorporatebondsbeingnotdeveloped,theyieldofgovernmentbondsisconsideredasthediscountrate.Formostofouroverseas |\n| defined benefit plan, given that the market for high quality corporate bonds is not developed, the Government bond rate adjusted for corporate spreads is used. (2)TheaveragerateofincreaseincompensationlevelsisdeterminedbytheCompany,consideringfactorssuchas,theCompany’spastcompensationrevisiontrends,inflationinrespectivemarketsand management’s estimate of future salary increases. |\n| (3)Attritionrateconsideredisthemanagement’sestimatebasedonthepastlong-termtrendofemployeeturnoverintheCompany.Thetenurehasbeenconsideredtakingintoaccountthepastlong-termtrend of employees' average remaining service life which reflects the average estimated term of post-employment benefit obligation. FordomesticdefinedbenefitplaninIndia,assumptionsregardingfuturemortalityexperiencearesetinaccordancewiththepublishedstatisticsbytheLifeInsuranceCorporationofIndia.Foroverseas |\n| defined benefit plan, the assumptions regarding future mortality experience are set with regard to the latest statistics in life expectancy, plan experience and other relevant data. The Company assesses all the above assumptions with its projected long-term plans of growth and prevalent industry standards. TheCompanycontributesallascertainedliabilitiestowardsgratuitytotheInfosysLimitedEmployees'GratuityFundTrust.Trusteesadministercontributionsmadetothetrust.Theplanassetsofthe |\n| overseasdefinedbenefitplanhavebeenprimarilyinvestedininsurermanagedfundsandtheassetallocationforplanassetsisdeterminedbasedontheinvestmentcriteriaprescribedundertherelevant regulations applicable to pension funds and the insurer managers. The insurers' investment are diversified and provide for guaranteed interest rates arrangements. Actualreturnonassets(includingremeasurement)ofthegratuityplanfortheyearendedMarch31,2025andMarch31,2024were₹152croreand₹125crore,respectivelyandforthepensionplanwere₹59 |\n| crore and ₹21 crore, respectively. The contributions for gratuity are invested in a scheme with the Life Insurance Corporation of India as permitted by Indian law. The table below sets out the details of major plan assets into various categories |\n| as at March 31, 2025 and March 31, 2024: Particulars Pension As at March 31, 2025 2024 Equity 34% 34% |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 221, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "fb6bc804037cffde", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 222\n\n| Interest rate risk: The present value of the defined benefit plan liability is generally calculated using a discount rate determined by reference to government bond yields and in certain overseas jurisdictions, it is calculated in reference to government bond yield adjusted for a corporate spread. If bond yields fall, the defined benefit obligation will tend to increase. Life expectancy and investment risk: The pension fund offers the choice between a lifelong pension and a cash lump sum upon retirement. The pension fund has defined rates for converting the lump sum to |\n|---|\n| a pension and there is the risk that the members live longer than implied by these conversion rates and that the pension assets don’t achieve the investment return implied by these conversion rates. Asset volatility: A proportion of the pension fund is held in equities, which is expected to outperform corporate bonds in the long term but give exposure to volatility and risk in the short term. The pension |\n| fund board of insurer is responsible for the investment strategy and equity allocation is justified given the long-term investment horizon of the pension fund and the objective to provide a reasonable long term return on members’ account balances. The sensitivity of significant assumptions used for valuation of defined benefit obligation is as follows : (in ₹ crore) Impact from As at March 31, 2025 Gratuity Pension |\n| 1% point increase / 0.5% point increase / decrease decrease Discount Rate 122 38 Weighted average rate of increase in compensation level 123 4 Sensitivityforsignificantactuarialassumptionsiscomputedbyvaryingoneactuarialassumptionusedforthevaluationofdefinedbenefitobligation,keepingallotheractuarialassumptionsconstant.In |\n| practice, this is not probable, and changes in some of the assumptions may be correlated. |\n| The Company expects to contribute ₹350 crore to gratuity and ₹ 27 crore to pension during the fiscal 2026. Maturity profile of defined benefit obligation: (In ₹ crore) Gratuity Pension Within 1 year 267 46 |\n| 1-2 year 268 49 2-3 year 292 50 3-4 year 278 54 4-5 year 255 50 5-10 years 950 222 b. Superannuation |\n| TheCompanycontributed₹493croreand₹493croretotheSuperannuationtrustduringtheyearendedMarch31,2025andMarch31,2024respectivelyandthesamehasbeenrecognizedintheStatement of Profit and Loss account under the head employee benefit expense. |\n| c. Provident fund Infosyshasanobligationtofundanyshortfallontheyieldofthetrust’sinvestmentsovertheadministeredinterestratesonanannualbasis.Theseadministeredratesaredeterminedannuallypredominantly |\n| considering the social and economic factors. The actuary has provided a valuation for provident fund liabilities on the basis of guidance issued by Actuarial Society of India. ThefollowingtablessetoutthefundedstatusofthedefinedbenefitprovidentfundplanofInfosyslimitedandtheamountsrecognizedintheCompany'sfinancialstatementsasatMarch31,2025andMarch 31, 2024: (In ₹ crore) Particulars As at March 31, 2025 2024 Change in benefit obligations Benefit obligations at the beginning 11,879 10,527 Service cost 952 880 Employee contribution 1,683 1,652 Interest expense 862 764 Actuarial (gains) / loss 218 96 Benefits paid (1,727) (2,040) |\n| Benefit obligations at the end 13,867 11,879 Change in plan assets Fair value of plan assets at the beginning 11,812 10,184 Interest income 858 740 Remeasurements- Return on plan assets excluding amounts included in interest income 245 234 Employer contribution 1,057 1,042 Employee contribution 1,683 1,652 Benefits paid (1,727) (2,040) Fair value of plan assets at the end 13,928 11,812 Funded status [surplus/(deficit)] 61 (67) Irrecoverable Surplus (Effect of Asset Ceiling) (61) - Net defined benefit asset/ (liability) - (67) Amount for the year ended March 31, 2025 and March 31, 2024 recognized in the statement of other comprehensive income: (In ₹ crore) Particulars Year ended March 31, |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 222, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "bada0650f5d3e7df", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 223\n\n| Remeasurements of the net defined benefit liability/ (asset) Actuarial (gains) / losses 218 96 (Return) / loss on plan assets excluding amounts included in the net interest on the net defined benefit liability/(asset) (245) (234) Asset Ceiling Effect 61 - 34 (138) |\n|---|\n| The assumptions used in determining the present value obligation of the defined benefit plan under the Deterministic Approach are as follows: As at March 31, Particulars 2025 2024 Government of India (GOI) bond yield (1) 6.50% 7.00% Expected rate of return on plan assets 8.00% 8.20% |\n| Remaining term to maturity of portfolio 6 years 6 years Expected guaranteed interest rate 8.25% 8.25% (1)InIndia,themarketforhighqualitycorporatebondsbeingnotdeveloped,theyieldofgovernmentbondsisconsideredasthediscountrate.Thetenurehasbeenconsideredtakingintoaccountthepast long-term trend of employees’ average remaining service life which reflects the average estimated term of the post- employment benefit obligations. |\n| The breakup of the plan assets into various categories as at March 31, 2025 and March 31, 2024 is as follows: Particulars As at March 31, 2025 2024 Central and State government bonds 60% 60% |\n| Public sector undertakings and Private sector bonds 28% 30% Others 12% 10% |\n| The asset allocation for plan assets is determined based on the investment criteria prescribed under the relevant regulations. TheactuarialvaluationofPFliabilityexposestheCompanytointerestraterisk.Thedefinedbenefitobligationcalculatedusesadiscountratebasedongovernmentbonds.Ifbondyieldsfall,thedefined benefit obligation will tend to increase. |\n| As at March 31, 2025 the defined benefit obligation would be affected by approximately ₹129 crore and ₹129 crore on account of a 0.25% increase / decrease in the expected rate of return on plan assets. TheCompanycontributed₹1158croreand₹1,100croretotheprovidentfundduringtheyearendedMarch31,2025andMarch31,2024,respectively.Thesamehasbeenrecognizedinthenetprofitinthe |\n| statement of profit and loss under the head employee benefit expense. |\n| The provident plans are applicable only to employees drawing a salary in Indian rupees. Employee benefits cost include: (In ₹ crore) Particulars Year ended March 31, 2025 2024 Salaries and bonus(1) 65,492 63,274 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 223, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "a82e5eba69d31337", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 224\n\n| 2.22 EARNINGS PER EQUITY SHARE |\n|---|\n| Accounting Policy BasicearningsperequityshareiscomputedbydividingthenetprofitattributabletotheequityholdersoftheCompanybytheweightedaveragenumberofequitysharesoutstandingduringtheperiod.Diluted earningsperequityshareiscomputedbydividingthenetprofitattributabletotheequityholdersoftheCompanybytheweightedaveragenumberofequitysharesconsideredforderivingbasicearningsperequity |\n| shareandalsotheweightedaveragenumberofequitysharesthatcouldhavebeenissueduponconversionofalldilutivepotentialequityshares.Thedilutivepotentialequitysharesareadjustedfortheproceeds receivablehadtheequitysharesbeenactuallyissuedatfairvalue(i.e.theaveragemarketvalueoftheoutstandingequityshares).Dilutivepotentialequitysharesaredeemedconvertedasatthebeginningofthe period, unless issued at a later date. Dilutive potential equity shares are determined independently for each period presented. Thenumberofequitysharesandpotentiallydilutiveequitysharesareadjustedretrospectivelyforallperiodspresentedforanysharesplitsandbonussharesissuesincludingforchangeseffectedpriortotheapproval |\n| of the financial statements by the Board of Directors. Particulars Year ended March 31, 2025 2024 Profit for the year 25,568 27,234 |\n| Basic earnings per equity share - weighted average number of equity shares outstanding 4,15,19,36,905 4,15,00,99,796 Basic earnings per equity share 61.58 65.62 The following is a reconciliation of the equity shares used in the computation of basic and diluted earnings per equity share: Particulars Year ended March 31, 2025 2024 Profit for the year 25,568 27,234 Basic earnings per equity share - weighted average number of equity shares outstanding |\n| 4,15,19,36,905 4,15,00,99,796 Effect of dilutive common equivalent shares - share options outstanding 79,68,571 38,94,828 Diluted earnings per equity share - weighted average number of equity shares and common equivalent shares outstanding 4,15,99,05,476 4,15,39,94,624 Diluted earnings per equity share 61.46 65.56 For the years ended March 31, 2025 and March 31, 2024, there were Nil and 47,395 options to purchase equity shares which had an anti-dilutive effect. |\n| 2.23 CONTINGENT LIABILITIES AND COMMITMENTS |\n| Accounting Policy Contingentliabilityisapossibleobligationarisingfrompasteventsandwhoseexistencewillbeconfirmedonlybytheoccurrenceornon-occurrenceofoneormoreuncertainfutureeventsnotwhollywithinthe controloftheentityorapresentobligationthatarisesfrompasteventsbutisnotrecognizedbecauseitisnotprobablethatanoutflowofresourcesembodyingeconomicbenefitswillberequiredtosettletheobligation or the amount of the obligation cannot be measured with sufficient reliability. (In ₹ crore) Particulars As at March 31, 2025 March 31, 2024 Contingent liabilities: (1) |\n| Claims against the Company, not acknowledged as debts 1,772 2,649 [Amount paid to statutory authorities ₹3,815 crore (₹8,283 crore)] Commitments: Estimated amount of contracts remaining to be executed on capital contracts and not provided for 868 688 (net of advances and deposits)(2) Other Commitments* 27 5 * Uncalled capital pertaining to investments (1) |\n| As at March 31, 2025 and March 31, 2024, claims against the Company not acknowledged as debts in respect of income tax matters amounted to ₹1,290 crore and ₹2,260 crore, respectively. TheclaimsagainsttheCompanyprimarilyrepresentdemandsarisingoncompletionofassessmentproceedingsundertheIncomeTaxAct,1961.Theseclaimsareonaccountofissuesofdisallowanceofexpenditure |\n| towardssoftwarebeingheldascapitalinnature,paymentsmadetoAssociatedEnterprisesheldasliableforwithholdingoftaxes,amongothers.ThesemattersarependingbeforevariousIncomeTaxAuthoritiesand the Management including its tax advisors expect that its position will likely be upheld on ultimate resolution and will not have a material adverse effect on the Company financial position and results of operations |\n| Amount paid to statutory authorities against the tax claims amounted to ₹ 3,810 crore and ₹8,273 crore as at March 31, 2025 and March 31, 2024, respectively. (2) Capital contracts primarily comprises of commitments for infrastructure facilities and computer equipments. Legal Proceedings |\n| TheCompanyissubjecttolegalproceedingsandclaims,whichhavearisenintheordinarycourseofbusiness.TheCompany’smanagementreasonablyexpectsthatsuchordinarycourselegalactions,whenultimately concluded and determined, will not have a material and adverse effect on the Company’s results of operations or financial condition. |\n| 2.24 RELATED PARTY TRANSACTIONS List of related parties Name of subsidiaries Country Holdings as at March 31, 2025 March 31, 2024 Infosys Technologies (China) Co. Limited (Infosys China)(1) China 100% 100% Infosys Technologies S. de R. L. de C. V. (Infosys Mexico)(1) Mexico 100% 100% Infosys Technologies (Sweden) AB (Infosys Sweden)(1) Sweden 100% 100% Infosys Technologies (Shanghai) Company Limited (Infosys Shanghai)(1) China 100% 100% EdgeVerve Systems Limited (EdgeVerve)(1) India 100% 100% (1) Austria 100% 100% |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 224, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "001baf78283efa11", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 227\n\n| Infosys Employee Infosys Employee Infosys Science F Infosys Expanded Infosys Foundatio | s Welfare Trust Benefits Trust oundation Stock Ownership n | Trust |  |  |  |  | India India India India India | Controlled trust Controlled trust Controlled trust Controlled trust Trust jointly contr | olle | d by | KMP |  |  |  |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| Refer to note 2.21 | for information o | n transactions with p | ost-emplo | yment b | enefit plans mentioned above. |  |  |  |  |  |  |  |  |  |\n| List of key mana Whole-time dire | gement personn ctors | el |  |  |  |  |  |  |  |  |  |  |  |  |\n| Salil Parekh , Chi Non-whole-time Nandan M. Nilek D. Sundaram Micheal Gibbs Bobby Parikh | ef Executive Offic directors ani | er and Managing Dir | ector |  |  |  |  |  |  |  |  |  |  |  |\n| Chitra Nayak Govind Iyer Helene Auriol Pot Nitin Paranjpe (ap Uri Levine (retire Executive Office Inderpreet Sawhn Jayesh Sanghrajka Nilanjan Roy (res | ier (appointed as pointed as an add d as independent rs ey, Chief Legal O (appointed as C igned as Chief Fin | independent director itional and independ director effective Apr fficer and Chief Com hief Financial Officer ancial Officer of the | effective ent directo il 19, 2023 pliance O effective Company | May 26, r effecti ) fficer April 1, effectiv | 2023) ve January 1, 2024) 2024) e March 31, 2024) |  |  |  |  |  |  |  |  |  |\n| Shaji Mathew , C Mohit Joshi (resig Company Secret A. G. S. Manikan The details of am Particul Trade receivable | hief Human Reso ned as President ary tha ounts due to or du ars s BA BA BA Blu Info Info Info Infy Info Info Info Flu Flu Sim | urces Officer effective March 11, 2 e from related parties SE life science A/S SE life science AG SE life science Gmb e Acorn iCi Inc sys China sys Mexico sys BPM Limited Consulting Compan sys Public Services sys Public Services sys Sweden ido Oy ido Denmark A/S plus Australia Pty Lt | 023 and w as at Mar H y Limited Canada Inc d | as on le ch 31, . | ave till June 9, 2023 which was 2025 and March 31, 2024 are as | his last date with the Company) follows: |  | March 31, 2 | 025 | As 3 - - - 1 2 13 8 93 2 25 7 4 - | at | (In March 31 | ₹ cro , 2024 | re) 3 2 - - 2 3 15 12 55 10 7 3 - 1 |\n| Loans Prepaid expense | Info Pan Info Sta Out Info Info Info HIP Info Wo Kal Info Info Info Ins and other assets Pan Gui | sys McCamish Syste aya Ltd sys Compaz Pte Ltd ter Nederland B.V. box systems Inc. dba sys Luxembourg S.a sys Chile SPA sys South Africa (Pt US Co., Ltd sys Turkey Bilgi Tek ngDoody, Inc eidoscope Animation sys Automotive and sys Middle East FZ sys Nova Holdings L emi Technology Serv aya Ltd deVision, s.r.o. | ms LLC Simplus ( .r.l y) Ltd nolojikeri s, Inc. Mobility G LLC LC ice | US) Limited mbH & | Sirketi Co. KG |  |  |  |  | 6 1 27 8 - 27 1 2 1 - - - - 9 10 250 10 10 127 1 |  |  |  | 45 2 55 1 - 25 4 - 1 3 - - - 10 - 259 - - 151 1 |\n| Other financial a | Edg Info ssets Info Info Info | eVerve Systems Lim sys Green Forum sys BPM Limited sys Consulting Gmb sys China | ited H |  |  |  |  |  |  | 23 - 151 16 3 23 |  |  |  | - 3 155 19 5 31 |\n|  | Info Infy Info Info | sys Shanghai Consulting Compan sys Management Co sys Consulting AG | y Limited nsulting Pt | y Ltd |  |  |  |  |  | - 23 2 3 |  |  |  | 6 31 2 6 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 227, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "499cdde68082e1cb", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 229\n\n| Accrued exp Particulars Loans and ad Insemi Infosys The details of Particulars Capital trans Financing tra Equity | enses vances in the na Technology Servi Turkey Bilgi Tek the related parties actions: nsactions | Infosys McCamish Infosys Green Foru Infosys Consulting Blue Acorn iCi Inc GuideVision Deuts Infosys Middle Eas BASE life science Infosys Consulting Infosys Luxembour Infosys Nova Holdi BASE life science EdgeVerve System Infosys BPM Limit BASE life science Infosys Germany H Infosys Nova Holdi In-tech group Ltd. ture of loans given ce nolojileri Limited S transactions entere Infosys Singapore P Infosys Turkey Bilg | Systems LLC m (Belgium) NV chland GmbH t FZ LLC A/S GmbH g S.a.r.l ngs LLC A/S s Limited ed Ltd olding GmbH ngs LLC to subsidiari irketi d into by the C te Ltd. i Teknolojileri | es ompany Limited | Maximum amo Year 2025 for the year ended March 31, 2025 and March 31, 2024 are as follows: Year 2025 Sirketi | 7 2 - - 1 - 2 1 6 200 669 1 13 29 1 7 4 1 56 unt outstanding ended March 31 1 0 - ended March 31 4,317 31 | (In ₹ c during t , 2024 (In ₹ c , 2024 | 2 5 4 35 - 1 - - - - 405 - - 29 - - - - 29 rore) he - 57 rore) - 41 |\n|---|---|---|---|---|---|---|---|---|\n| Loans given Loans repaid Revenue tran Purchase of se | sactions: rvices | Insemi Technology in-tech Infosys America In Skava Systems Infosys Luxembour Danske IT Infosys Services (T Insemi Technology Infosys Turkey Bilg Infosys Turkey Bilg | Service c. g S.a.r.l hailand) Limite Service i Teknolojileri i Teknolojileri | d Limited Limited | Sirketi Sirketi | 198 15 - - - - 13 4,574 10 - 10 - - |  | - - (1) (59) 9 82 - 72 - - - 4 4 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 229, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "4127ae69f65dbad1", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 230\n\n| Purchase of shared services in Interest income | oddity code GmbH BASE life science BASE life science BASE life science BASE life science BASE life science BASE life science Infosys Norway Danske IT Insemi Technology EdgeVerve System Infosys Germany Infosys Nova Hold In-tech group Ltd. cluding facilities Infosys BPM Limi WongDoody, Inc Infosys McCamish WongDoody limite Infosys Green For Kaleidoscope Ani Infosys (Czech Re Infosys Mexico Outbox systems In Infosys Consulting Infosys Automotiv Portland Group Pt WongDoody Gmb oddity Jungle Gmb Infosys Nova Hold Infosys Technolog Infosys Singapore Infosys Compaz P GuideVision, s.r.o WongDoody Code BASE life science Infosys Turkey Bil | AG S.r.l. Inc. Ltd. GmbH SL Service s Limited Holding GmbH ings LLC and personnel ted Systems LLC d Taipei um mations, Inc. public) Limited c. dba Simplus AG e and Mobility y Ltd H (formerly kno H ings LLC ies (Sweden) A Pte. Ltd. te. Ltd . d.o.o A/S gi Teknolojileri | s.r.o. (US) GmbH & Co.KG wn as oddity GmbH ) B. Limited Sirketi | - 15 2 10 12 5 12 37 - 7 93 7 436 1 9,522 9 6 1 - 42 1 - 1 2 2 150 - 9 - 2 1 9 - 1 1 3 240 - | 1 17 - - 2 1 1 15 16 - 19 - - - 9,327 7 11 - 1 36 - 4 4 7 2 6 1 2 1 - - - - - - - 82 2 |\n|---|---|---|---|---|---|\n| Guarantee income | Insemi Technology Infosys Singapore | Service Pte. Ltd. |  | 1 1 1 | - 2 1 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 230, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "cc1e588dc9d1deb6", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 232\n\n| Infosys Foundation 390 369 390 369 (1) Includes amounts netted off against respective expenses (2) Includes sale of fixed assets of ₹4 crore and ₹6 crore for the year ending March 31, 2025 and March 31, 2024, respectively Refer to Note 2.5.1 for business transfer with wholly owned subsidiaries |\n|---|\n| TheCompany’srelatedpartytransactionsduringtheyearendedMarch31,2025andMarch31,2024andoutstandingbalancesasatMarch31,2025andMarch31,2024arewithitssubsidiarieswithwhomthe Company generally enters into transactions which are at arms length and in the ordinary course of business. Transactions with key management personnel The table below describes the compensation to key management personnel which comprise directors and executive officers: (In ₹ crore) Particulars Year ended March 31, |\n| 2025 2024 Salaries and other short term employee benefits to whole-time directors and executive officers(1)(2) 1 18 1 13 Commission and other benefits to non-executive / independent directors 1 9 1 7 Total 1 37 1 30 ⁽¹⁾TotalemployeestockcompensationexpensefortheyearendedMarch31,2025andMarch31,2024,includesachargeof₹70croreand₹68crorerespectively,towardskeymanagementpersonnel.(Referto note 2.12) |\n| (2)Does not include post-employment benefits and other long-term benefits based on actuarial valuation as these are done for the Company as a whole. |\n| 2.25 CORPORATE SOCIAL RESPONSIBILITY (CSR) AsperSection135oftheCompaniesAct,2013,acompany,meetingtheapplicabilitythreshold,needstospendatleast2%ofitsaveragenetprofitfortheimmediatelyprecedingthreefinancialyearsoncorporate socialresponsibility(CSR)activities.TheareasforCSRactivitiesarepromotingeducation,promotinggenderequalitybyempoweringwomen,healthcare,environmentsustainability,artandculture,destitutecareand |\n| rehabilitation,disasterrelief,COVID-19reliefandruraldevelopmentprojects.ACSRcommitteehasbeenformedbythecompanyaspertheAct.Thefundswereprimarilyutilizedthroughtheyearontheseactivities which are specified in Schedule VII of the Companies Act, 2013: (In ₹ crore) Particulars As at March 31, 2025 March 31, 2024 i) Amount required to be spent by the company during the year 5 40 4 92 ii) Amount of expenditure incurred 5 24 4 53 iii) Shortfall at the end of the year* 1 6 3 9 iv) Total of previous years shortfall 0 7 Pertains to ongoing Pertains to ongoing |\n| v) Reason for shortfall projects projects Promoting education, promoting gender equality by empowering women, healthcare, , environment vi) Nature of CSR activities sustainability, art and culture, destitute care and rehabilitation, disaster relief, COVID-19 relief and rural development projects Details of related party transactions, e.g. contribution to a trust controlled by the 3 90 3 69 vii) company in relation to CSR expenditure as per relevant Accounting Standard Where a provision is made with respect to a liability incurred by entering into a viii) contractual obligation, the movements in the provision during the year shall be NA NA |\n| shown separately *The unspent amount will be transferred to unspent CSR account within 30 days from the end of the financial year, in accordance with the Companies Act, 2013 read with the CSR Amendment Rules. 2.26 SEGMENT REPORTING |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 232, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "446c7311d0d636ac", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 233\n\n| 2.27 Ratios |  |  |  |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|---|\n| The ratios for the | years ended Ma | rch 31, 202 | 5 and March 31, 2024 | are as follows: |  |  |  |  |  |\n| Particulars Current Ratio Debt – Equity Rat Debt Service Cov Return on Equity Trade receivables Trade payables tu Net capital turnov Net profit ratio Return on capital Return on Investm | io erage Ratio (ROE) turnover ratio rnover ratio er ratio employed (ROC ent(ROI) | E) | Numerator Current assets Total Debt (represents Earnings available for Net Profits after taxes Revenue Purchases of services a Revenue Net Profit Earning before interest | lease liabilities) (1) debt service(2) nd other expenses and taxes | Denominator Current liabiliti Shareholder’s E Debt Service(3) Average Shareh Average Trade Average Trade Working Capita Revenue Capital Employ | March 31 es quity older’s Equity Receivable Payables l ed(4) | , 2025 March 31 2.4 0.0 33.9 30.3% 5.3 13.5 3.0 18.7% 38.9% | , 2024 Var 2.6 0.0 36.4 36.6% 5.6 12.7 2.9 21.1% 42.0% | iance (7.3%) -0.7% (6.9%) -6.2% -5.7% 5.9% 2.3% (2.4%) (3.1%) |\n| Unquoted Quoted (1)Debt represent (2) Net Profit afte (3)Lease payment (4) Tangible net w * Working capital | s only lease liab r taxes + Non-c s for the current orth + deferred increase higher | ilities ash operati year tax liabiliti than the in | Income generated from Income generated from ng expenses + Interest es + Lease Liabilities crease in revenue. | investments investments + other adjustments | Time weighted Time weighted like loss on sale | average investments average investments of Fixed assets etc. | 9.7% 8.2% | 8.5% 7.2% | 1.2% 1.0% |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 233, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "b841d31fb8b66f58", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED > for the year ended March 31, 2025 | Page: 234\n\n| General and adm Total operating exp Operating profit Interest expense Other income, net Profit before tax Tax expense: Current tax Deferred tax Profit for the year | inistration exp enses | enses |  |  |  | 2.19 2.17 2.17 | 5,319 11,601 30,880 221 4,782 35,441 10,836 (963 25,568 | ) | 5,420 11,088 28,813 277 7,417 35,953 7,306 1,413 27,234 |\n|---|---|---|---|---|---|---|---|---|---|\n| Other comprehen Items that will not Remeasurement of | sive income be reclassified the net defined | subsequently to profit benefit liability/asset, | or loss net |  |  |  |  |  |  |\n| Equity instruments Items that will be r | through other eclassified sub | comprehensive income sequently to profit or l | , net oss |  | 2.5 & 2 | .17 | (81 19 | ) | 128 19 |\n| Fair value changes Fair value changes | on derivatives on investment | designated as cash flo s, net | w hedge, net |  | 2.11 & 2 | .17 2.5 | (24 191 | ) | 11 129 |\n| Total other compr | ehensive inco | me/(loss), net of tax |  |  |  |  | 105 |  | 287 |\n| Total comprehens | ive income fo | r the year |  |  |  |  | 25,673 |  | 27,521 |\n| for and on behalf o | f the Board of | Directors of Infosys Li | mited Nandan M. Nilekani Chairman | Salil Parekh Chief Executive | Officer |  |  | Bobby P Director | arikh |\n| Bengaluru April 17, 2025 |  |  | DIN: 00041245 Jayesh Sanghrajka Chief Financial Officer | and Managing DIN: 01876159 A.G.S. Manika Company Secre | Director ntha tary |  |  | DIN: 000 | 19437 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 234, "section": "INFOSYS LIMITED", "subsection": "for the year ended March 31, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "657aded433a12007", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 238\n\n|  |  |  | for the three months and year ended March 31, 2025 |\n|---|---|---|---|\n| ex |  |  | Page |\n| dens | ed Balanc | e Sheet… | …………………………………………………………………………………………………………1 |\n| dens | ed Statem | ent of Pro | fit and Loss………………………………………………………………………………………….. 2 |\n| dens | ed Statem | ent of Cha | nges in Equity………………………………………………………………………………………..3 |\n| dens | ed Statem | ent of Cas | h Flows…………………………………………………………………………………………………5 |\n| rvie | w and No | tes to the | Interim Condensed Standalone Financial Statements |\n| verv | iew |  |  |\n| 1.1 C | ompany | overview | …………………………………………………………………………………………………………7 |\n| 1.2 B | asis of p | reparation | of financial statements …………………………………………………………………………………7 |\n| 1.3 U | se of esti | mates and | judgments………………………………………………………………………………………………7 |\n| 1.4 C | ritical ac | counting e | stimates and judgements………………………………………………………………………………7 |\n| otes | to the In | terim Con | densed Financial Statements |\n| 2.1 P | roperty, | plant and e | quipment………………………………………………………………………………………………9 |\n| 2.2 G | oodwill | and intang | ible assets………………………………………………………………………………………… 11 |\n| 2.3 L | eases… | …………… | ………………………………………………………………………………………………………1.2 |\n| 2.4 I | nvestmen | ts……… | ………………………………………………………………………………………………………..14 |\n| 2.5 L | oans…… | ………… | ………………………………………………………………………………………………………1..6. |\n| 2.6 O | ther fina | ncial asset | s………………………………………………………………………………………………………1…6 |\n| 2.7 T | rade Rec | eivables … | ………………………………………………………………………………………………………1.6 |\n| 2.8 C | ash and | cash equiv | alents…………………………………………………………………………………………………1…7 |\n| 2.9 O | ther asse | ts……… | ……………………………………………………………………………………………………… 17 |\n| 2.10 | Financial | instrumen | ts………………………………………………………………………………………………………18 |\n| 2.11 | Equity… | ………… | ……………………………………………………………………………………………………….2.1 |\n| 2.12 | Other fin | ancial liab | ilities…………………………………………………………………………………………………2…4 |\n| 2.13 | Trade pa | yables…… | ……………………………………………………………………………………………………. 24 |\n| 2.14 | Other lia | bilities…… | ……………………………………………………………………………………………………. 24 |\n| 2.15 | Provision | s………… | ……………………………………………………………………………………………………. 25 |\n| 2.16 | Income t | axes……… | ……………………………………………………………………………………………………. 25 |\n| 2.17 | Revenue | from oper | ations…………………………………………………………………………………………………2…6 |\n| 2.18 | Other inc | ome, net… | ………………………………………………………………………………………………………2.8 |\n| 2.19 | Expenses | ………… | …………………………………………………………………………………………………….. 29 |\n| 2.20 | Earnings | per equity | share…………………………………………………………………………………………………3…0 |\n| 2.21 | Continge | nt liabiliti | es and commitments……………………………………………………………………………………30 |\n| 2.22 | Related p | arty transa | ctions…………………………………………………………………………………………………3…0 |\n| 2.23 | Segment | Reporting | …………………………………………………………………………………………………………31. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 238, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "8935f4dc6453acc4", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 239\n\n| cial assets Investments Loans Other financia rred tax assets me tax assets ( r non-current a non-current ent assets cial assets Investments Trade receiva Cash and cash Loans | l assets (net) net) ssets assets bles equivalents |  | 2.4 2.5 2.6 2.16 2.16 2.9 2.4 2.7 2.8 2.5 |  | 27,371 26 2,350 497 1,164 2,223 47,768 11,147 26,413 14,265 |  | 23,352 34 1,756 - 2,583 1,669 43,998 11,307 25,152 8,191 |\n|---|---|---|---|---|---|---|---|\n| Other financia me tax assets ( r current assets current asset assets ITY AND LIA y | l assets net) s BILITIES |  | 2.6 2.16 2.9 2.11 |  | 207 12,569 2,949 9,618 77,168 124,936 |  | 208 10,129 6,329 9,636 70,952 114,950 |\n| y share capital r equity equity ILITIES urrent liabilit cial liabilities Lease liabilitie | ies s |  | 2.3 |  | 2,076 85,256 87,332 2,694 |  | 2,075 79,101 81,176 3,088 |\n| Other financia rred tax liabilit r non-current l non - current ent liabilities cial liabilities Lease liabilitie Trade payable Total ou Total ou and sma | l liabilities ies (net) iabilities liabilities s s tstanding dues of micro enterprises tstanding dues of creditors other th ll enterprises | and small enterprises an micro enterprises | 2.12 2.14 2.3 2.13 |  | 1,991 1,062 95 5,842 765 8 2,720 |  | 1,941 1,509 150 6,688 678 92 2,401 |\n| Other financia r current liabili sions me tax liabilitie current liabil equity and lia ccompanying r our report of eloitte Haskins | l liabilities ties s (net) ities bilities notes form an integral part of the in even date attached & Sells LLP | terim condensed standalone financial for and on behalf of the Board of | 2.12 2.14 2.15 2.16 statements. Directors of Info | sys Limited | 14,101 9,159 993 4,016 31,762 124,936 |  | 11,808 7,681 1,464 2,962 27,086 114,950 |\n| ered Accounta Registration 6W/W-10001 Bagaria er | nts No: 8 | Nandan M. Nilekani Chairman |  | Salil Parekh Chief Executive Office | r | Bobby Parikh Director |  |\n| bership No. 06 luru | 0408 | DIN: 00041245 Jayesh Sanghrajka |  | and Managing Direct DIN: 01876159 A.G.S. Manikantha | or | DIN: 00019437 |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 239, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "31ea32c130947e1b", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 240\n\n| INFOSYS LIM Condensed Stat | ITED ement of Pro | fit and Loss | for the |  | No | te No. | T | hree months ended M 2025 | (In ₹ crore except e arch 31, 2024 | quity share and pe Year ended Mar 2025 | r equit ch 31, | y share data) 2024 |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| Revenue from o Other income, n Total income Expenses Employee benefi Cost of technical Travel expenses Cost of software Communication Consultancy and Depreciation and | perations et t expenses sub-contracto packages and expenses professional c amortization | rs others harges expenses |  |  |  | 2.17 2.18 2.19 2.19 |  | 34,136 1,323 35,459 17,259 4,941 413 2,142 104 358 590 | 32,001 3,483 35,484 16,047 4,648 371 2,098 109 287 722 | 136,592 4,782 141,374 67,466 19,353 1,467 9,617 448 1,245 2,619 |  | 128,933 7,417 136,350 65,139 18,638 1,372 6,891 489 1,059 2,944 |\n| Finance cost Other expenses Total expenses Profit before ta Tax expense: Current tax Deferred tax Profit for the p Other compreh Items that will n | x eriod ensive income ot be reclassifi | ed subseque | ntly to profi | t or loss |  | 2.19 2.16 2.16 |  | 51 540 26,398 9,061 2,408 25 6,628 | 62 726 25,070 10,414 830 1,104 8,480 | 221 3,497 105,933 35,441 10,836 (963) 25,568 |  | 277 3,588 100,397 35,953 7,306 1,413 27,234 |\n| Remeasureme Equity instrum Items that will b Fair value cha | nt of the net d ents through o e reclassified s nges on deriva | efined benef ther compr ubsequently tives design | it liability/as ehensive inc to profit or ated as cash | set, net ome, net loss flow hedge | , net |  |  | (144) 30 | 36 (12) | (81) 19 |  | 128 19 |\n| Fair value cha Total other com | nges on invest prehensive in | ments, net come/ (loss | ), net of tax |  |  |  |  | (57) 63 | 28 34 | (24) 191 |  | 11 129 |\n| Total comprehe | nsive income | for the per | iod |  |  |  |  | (108) | 86 | 105 |  | 287 |\n| Earnings per eq Equity shares of Basic (in ₹ pe Diluted (in ₹ | uity share par value ₹5/- r share) per share) | each |  |  |  |  |  | 6,520 15.96 15.93 | 8,566 20.43 20.41 | 25,673 61.58 61.46 |  | 27,521 65.62 65.56 |\n| Weighted avera per equity shar Basic (in shar Diluted (in sh The accompanyi As per our repor for Deloitte Has | ge equity sha e es) ares) ng notes form t of even date kins & Sells L | res used in an integral attached LP | computing part of the i | earnings nterim cond | ensed standalone financial statements. | 2.20 2.20 |  | 4,152,456,999 4,159,621,677 | 4,150,556,748 4,154,351,655 | 4,151,936,905 4,159,905,476 |  | 4,150,099,796 4,153,994,624 |\n| Chartered Accou Firm's Registrati 117366W/W-10 Vikas Bagaria Partner | ntants on No: 0018 |  |  |  | for and o Nandan M. Nilekani Chairman | n behal | f of the Board Salil Parekh Chief Executiv | of Directors of Infosys L e Officer | imited |  | Bobby Direct | Parikh or |\n| Membership No | . 060408 |  |  |  | DIN: 00041245 Jayesh Sanghrajka |  | and Managing DIN: 01876159 A.G.S. Manika Company Secr | Director ntha etary |  |  | DIN: 0 | 0019437 |\n| Bengaluru April 17, 2025 |  |  |  |  | Chief Financial Officer |  | Membership N | o. A21918 |  |  |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 240, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "2f829fc5b2806bf4", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 241\n\n| INFOSYS LIMITED Condensed Statemen Particulars | t of Changes in | Equity |  | Equ | Ca ity | pital reserve |  | Capital redempti | Res Securitie on Premiu | erves & s m | Su Ret ear | rplus ained Genera nings reserve | Other Equ l Share Outst | ity Options anding | Spec Econ | ial Equity omic thro | Other comprehensive Instruments Effective porti ugh other of Cash flow | incom on | e Other items other | (In of Total equity attri | ₹ crore) butable |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| Balance as at April 1 Changes in equity for Profit for the period Remeasurement of the Equity instruments thr Fair value changes on Fair value changes on Total comprehensive | , 2023 the period end net defined ben ough other com derivatives desi investments, net income for the | ed March 31, 202 efit liability/asset, prehensive income, gnated as cash flow * period | 4 net* net* hedge, net* | Sha Cap | re Capita ital reserv 2,074 - - - - - - | l Othe e reserve 54 - - - - - - | r s (2) 2,862 - - - - - - | reserve | 169 - - - - - - | 133 - - - - - - |  | 52,183 27,234 - - - - 27,234 | Acc 2 - - - - - - | ount i 878 - - - - - - | Zone nvest reser | Re- comp ment i ve (1) 9,654 - - - - - - | rehensive hedges ncome 260 - - 19 - - 19 | (5) - - - 11 - 11 | comprehensi income / (lo | to equity holder ve Company ss) (519) - 128 - - 129 257 | s of the 67,745 27,234 128 19 11 129 27,521 |\n| Transferred to Special Transferred from Spec Transferred on accoun Transferred on accoun Shares issued on exerc Employee stock comp Income tax benefit aris Dividends Balance as at March | Economic Zone ial Economic Z t of exercise of s t of options not ise of employee ensation expens ing on exercise 31, 2024 | Re-investment res one Re-investment tock options (Refe exercised stock options (Ref e (Refer to note 2.1 of stock options | erve reserve on utilization r to note 2.11) er to note 2.11) 1) |  | - - - - 1 - - - 2,075 | - - - - - - - - 54 | - - - - - - - - 2,862 |  | - - - - - - - - 169 | - - 447 - - - - - 580 |  | (2,957) 824 - - - - - (14,733) 62,551 | - - - 160 - - - - 162 | - - (447) (160) - 639 3 - 913 |  | 2,957 (824) - - - - - - 11,787 | - - - - - - - - 279 | - - - - - - - - 6 |  | - - - - - - - - (262) | - - - - 1 639 3 (14,733) 81,176 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 241, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "e28e2607227b8321", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 242\n\n| redemption Premium earnings reserve Outstanding Economic through other of Cash flow other Share Capital Other to equity holders of the Capital reserve reserves (2) reserve Account Zone Re- comprehensive hedges comprehensive Company investment income income / (loss) reserve (1) Balance as at April 1, 2024 2,075 54 2,862 169 580 62,551 162 913 11,787 279 6 (262) 81,176 Changes in equity for the period ended March 31, 2025 Profit for the period - - - - - 25,568 - - - - - - 25,568 Remeasurement of the net defined benefit liability/asset, net* - - - - - - - - - - - (81) (81 Equity instruments through other comprehensive income, net* - - - - - - - - - 19 - - 19 Fair value changes on derivatives designated as cash flow hedge, net* - - - - - - - - - - (24) - (24 Fair value changes on investments, net* - - - - - - - - - - - 191 191 Total comprehensive income for the period - - - - - 25,568 - - - 19 (24) 110 25,673 Transferred from Special Economic Zone Re-investment reserve on utilization - - - - - 821 - - (821) - - - Transferred from Special Economic Zone Re-investment reserve to retained earnings - - - - - 2,999 - - (2,999) - - - Transferred to Special Economic Zone Re-investment reserve - - - - - (74) - - 74 - - - |\n|---|\n| Transferred on account of exercise of stock options (Refer to note 2.11) - - - - 472 - - (472) - - - - Transferred on account of options not exercised - - - - - - 197 (197) - - - - Shares issued on exercise of employee stock options (Refer to note 2.11) 1 - - - 2 - - - - - - - 3 Employee stock compensation expense (Refer to note 2.11) - - - - - - - 786 - - - - 786 Income tax benefit arising on exercise of stock options - - - - - - - 39 - - - - 39 Dividends - - - - - (20,345) - - - - - - (20,345 Balance as at March 31, 2025 2,076 54 2,862 169 1,054 71,520 359 1,069 8,041 298 (18) (152) 87,332 *net of tax (1)TheSpecialEconomicZoneRe-investmentReservehasbeencreatedoutoftheprofitofeligibleSEZunitsintermsoftheprovisionsofSec10AA(1)(ii)ofIncomeTaxAct,1961.ThereserveshouldbeutilizedbytheCompanyforacquiringnewplantandmachineryforthepurposeofitsbusinessinthetermsofthe Sec 10AA(2) of the Income Tax Act, 1961. (2)Profit / loss on transfer of business between entities under common control taken to reserve. The accompanying notes form an integral part of the interim condensed standalone financial statements. As per our report of even date attached for Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited |\n| Chartered Accountants Firm's Registration No: 117366W/W-100018 Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director |\n| Membership No. 060408 DIN: 00041245 and Managing Director DIN: 00019437 DIN: 01876159 Jayesh Sanghrajka A.G.S. Manikantha |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 242, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "4aaf5eeccfc34a72", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 244\n\n| Cash and cash equivalents a Cash and cash equivalents Supplementary informatio Restricted cash balance The accompanying notes fo As per our report of even d for Deloitte Haskins & Sell Chartered Accountants Firm's Registration No: 117366W/W-100018 Vikas Bagaria | t the beginnin at the end of n: rm an integral ate attached s LLP | g of the peri the period part of the i | od nterim condensed standalone financial sta for and on behalf of the Board of Nandan M. Nilekani | tements. Directors of Inf Salil Parekh | 2.8 2.8 2.8 osys Limited | 8,191 14,265 45 Bobby | Parikh | 6,534 8,191 44 |\n|---|---|---|---|---|---|---|---|---|\n| Partner Membership No. 060408 |  |  | Chairman DIN: 00041245 | Chief Executive and Managing | Officer Director | Directo DIN: 00 | r 019437 |  |\n|  |  |  | Jayesh Sanghrajka Chief Financial Officer | DIN: 01876159 A.G.S. Manikan Company Secre | tha tary |  |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 244, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "190a89c84622da0e", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 245\n\n| INFOSYS LIMITED |\n|---|\n| Overview and Notes to the Interim Condensed Standalone Financial Statements |\n| 1. Overview 1.1 Company overview InfosysLimited('theCompany'orInfosys)providesconsulting,technology,outsourcingandnext-generationdigitalservices,toenableclientstoexecutestrategiesfor theirdigitaltransformation.Infosysstrategic objectiveis tobuild asustainable organizationthat remainsrelevant tothe agendaofclients,while creatinggrowth opportunitiesforemployeesandgeneratingprofitablereturnsforinvestors.Infosysstrategyistobeanavigatorforourclientsastheyideate,planandexecuteontheir |\n| journey to a digital future. TheCompanyisapubliclimitedcompanyincorporated anddomiciledinIndiaandhas itsregistered officeat ElectronicsCity, HosurRoad, Bengaluru560100, Karnataka,India.ThecompanyhasitsprimarylistingsontheBSELtd.andNationalStockExchangeofIndiaLimited.TheCompany’sAmericanDepositaryShares (ADS) representing equity shares are listed on the New York Stock Exchange (NYSE). |\n| The interim condensed standalone financial statements are approved for issue by the Company's Board of Directors on April 17, 2025. |\n| 1.2 Basis of preparation of financial statements TheseinterimcondensedstandalonefinancialstatementsarepreparedincompliancewithIndianAccountingStandard(IndAS)34InterimFinancialReporting,under thehistoricalcostconventiononaccrualbasisexceptforcertainfinancialinstrumentswhicharemeasuredatfairvalues,definedbenefitliability/(asset)whichis recognisedatthepresentvalueofdefinedbenefitobligationlessfairvalueofplanassets,theprovisionsoftheCompaniesAct,2013('theAct')andguidelinesissued |\n| bytheSecuritiesandExchangeBoardofIndia(SEBI).Accordingly,theseinterimcondensedconsolidatedfinancialstatementsdonotincludealltheinformation requiredforacompletesetoffinancialstatements.Theseinterimcondensedconsolidatedfinancialstatementsshouldbereadinconjunctionwiththeconsolidated financialstatementsandrelatednotesincludedintheCompany’sAnnualReportfortheyearendedMarch31,2024.TheIndASareprescribedunderSection133of the Act read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules issued thereafter. Accountingpolicies have been consistentlyapplied except where a newlyissued accountingstandard is initiallyadopted or a revision toan existingaccounting standardrequiresachangeintheaccountingpolicyhithertoinuse.Thematerialaccountingpolicyinformationusedinpreparationoftheauditedinterimcondensed |\n| standalone financial statements have been discussed in the respective notes. Asthequarterandyear-endfiguresaretakenfromthesourceandroundedtothenearestdigits,thequarterfiguresinthisstatementaddeduptothefiguresreportedfor |\n| the previous quarters might not always add up to the year-end figures reported in this statement. |\n| 1.3 Use of estimates and judgments Thepreparationoftheinterimcondensedstandalonefinancialstatementsin conformitywith IndASrequiresthe managementtomakeestimates, judgmentsand assumptions. These estimates, judgments and assumptions affect the application of accounting policies and the reported amounts of assets and liabilities, the disclosuresofcontingentassetsandliabilitiesatthedateoftheinterimcondensedstandalonefinancialstatementsandreportedamountsofrevenuesandexpenses during the period. The application of accounting policies that require critical accounting estimates involving complex and subjective judgments and the use of |\n| assumptionsinthesefinancialstatementshavebeendisclosedinNoteno.1.4.Accountingestimatescouldchangefromperiodtoperiod.Actualresultscoulddiffer fromthoseestimates.Appropriatechangesinestimatesaremadeasmanagementbecomesawareofchangesincircumstancessurroundingtheestimates.Changesin estimatesandjudgementsarereflectedintheinterimcondensedstandalonefinancialstatementsintheperiodinwhichchangesaremadeand,ifmaterial,theireffects are disclosed in the notes to the interim condensed standalone financial statements. |\n| 1.4 Critical accounting estimates and judgments |\n| a. Revenue recognition TheCompany’scontractswithcustomersincludepromisestotransfermultipleproductsandservicestoacustomer.Revenuesfromcustomercontractsareconsidered forrecognitionandmeasurementwhenthecontracthasbeenapproved,inwriting,bythepartiestothecontract,thepartiestocontractarecommittedtoperformtheir |\n| respectiveobligationsunderthecontract,andthecontractislegallyenforceable.TheCompanyassessestheservicespromisedinacontractandidentifiesdistinct performance obligations inthe contract.Identification ofdistinct performanceobligations todetermine thedeliverables andthe abilityofthecustomer tobenefit independently from such deliverables, and allocation of transaction price to these distinct performance obligations involves significant judgement. Fixedpricemaintenancerevenueisrecognizedratablyonastraight-linebasiswhenservicesareperformedthroughanindefinitenumberofrepetitiveactsovera specifiedperiod.Revenuefromfixedpricemaintenancecontractisrecognizedratablyusingapercentageofcompletionmethodwhenthepatternofbenefitsfromthe servicesrenderedtothecustomerandCompany’scoststofulfilthecontractisnoteventhroughtheperiodofthecontractbecausetheservicesaregenerallydiscretein |\n| natureandnotrepetitive.Theuseofmethodtorecognizethemaintenancerevenuesrequiresjudgmentandisbasedonthepromisesinthecontractandnatureofthe deliverables. The Companyuses the percentage-of-completion method in accounting for other fixed-price contracts. Use of the percentage-of-completion method requires the Companytodeterminetheactualeffortsorcostsexpendedtodateasaproportionoftheestimatedtotaleffortsorcoststobeincurred.Effortsorcostsexpendedhave |\n| beenusedtomeasureprogresstowardscompletionasthereisadirectrelationshipbetweeninputandproductivity.Theestimationoftotaleffortsorcostsinvolves significant judgement and is assessed throughout the period of the contract to reflect any changes based on the latest available information. Contractswithcustomersincludessubcontractorservicesorthird-partyvendorequipmentorsoftwareincertainintegratedservicesarrangements.Inthesetypesof arrangements,revenuefromsalesofthird-partyvendorproductsorservicesisrecordednetofcostswhentheCompanyisactingasanagentbetweenthecustomerand thevendor,andgrosswhentheCompanyistheprincipalforthetransaction.Indoingso,theCompanyfirstevaluateswhetheritobtainscontrolofthespecifiedgoods |\n| orservicesbeforetheyaretransferredtothecustomer.TheCompanyconsiderswhetheritisprimarilyresponsibleforfulfillingthepromisetoprovidethespecified goodsorservices,inventoryrisk,pricingdiscretionandotherfactorstodeterminewhetheritcontrolsthespecifiedgoodsorservicesandtherefore,isactingasa principal or an agent. Provisionsforestimatedlosses,ifany,onincompletecontractsarerecordedintheperiodinwhichsuchlossesbecomeprobablebasedontheestimatedeffortsorcosts |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 245, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d5d7c8fbbd1f0011", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 246\n\n| b. Income taxes |\n|---|\n| The Company's two major tax jurisdictions are India and the United States, though the Company also files tax returns in other overseas jurisdictions. Significant judgments are involved in determining the provision for income taxes, including amount expected to be paid/recovered for uncertain tax positions. Inassessingtherealizabilityofdeferredincometaxassets,Managementconsiderswhethersomeportionorallofthedeferredincometaxassetswillnotberealized. Theultimaterealizationofdeferredincometaxassetsisdependentuponthegenerationoffuturetaxableincomeduringtheperiodsinwhichthetemporarydifferences becomedeductible.Managementconsidersthescheduledreversalsofdeferredincometaxliabilities,projectedfuturetaxableincomeandtaxplanningstrategiesin |\n| makingthisassessment.Basedonthelevelofhistoricaltaxableincomeandprojectionsforfuturetaxableincomeovertheperiodsinwhichthedeferredincometax assetsaredeductible,managementbelievesthatthecompanywillrealizethebenefitsofthosedeductibledifferences.Theamountofthedeferredincometaxassets consideredrealizable,however,couldbereducedintheneartermifestimatesoffuturetaxableincomeduringthecarryforwardperiodarereduced.(Refertonote 2.16). |\n| c. Property, plant and equipment Property,plantandequipmentrepresentasignificantproportionoftheassetbaseoftheCompany.Thechargeinrespectofperiodicdepreciationisderivedafter determininganestimateofanasset’sexpectedusefullifeandtheexpectedresidualvalueattheendofitslife.TheusefullivesandresidualvaluesofCompany'sassets |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 246, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "2d9f4aa63faf3fdd", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 247\n\n| 2.1 PROPERTY, PLANT AND EQUIPMENT |\n|---|\n| Accounting Policy Property,plantandequipmentarestatedatcost,lessaccumulateddepreciationandimpairment,ifany.Costsdirectlyattributabletoacquisitionarecapitalizeduntiltheproperty,plantandequipmentare |\n| readyforuse,asintendedbytheManagement.Thechargeinrespectofperiodicdepreciationisderivedatafterdetermininganestimateofanasset’sexpectedusefullifeandtheexpectedresidualvalue at the end of its life. The Company depreciates property, plant and equipment over their estimated useful lives using the straight-line method. The estimated useful lives of assets are as follows: Building(1) 22-25 years Plant and machinery(1) 5 years Office equipment 5 years Computer equipment(1) 3-5 years |\n| Furniture and fixtures(1) 5 years Vehicles(1) 5 years Leasehold improvements Lower of useful life of the asset or lease term (1)Basedontechnicalevaluation,theManagementbelievesthattheusefullivesasgivenabovebestrepresenttheperiodoverwhichManagementexpectstousetheseassets.Hence,theusefullivesfor these assets is different from the useful lives as prescribed under Part C of Schedule II of the Companies Act 2013. Depreciationmethods,usefullivesandresidualvaluesarereviewedperiodically,includingateachfinancialyearend.Theusefullivesarebasedonhistoricalexperiencewithsimilarassetsaswellas |\n| anticipation of future events, which may impact their life, such as changes in technology. Advancespaidtowardstheacquisitionofproperty,plantandequipmentoutstandingateachBalanceSheetdateisclassifiedascapitaladvancesunderothernon-currentassetsandthecostofassetsnot readytousebeforesuchdatearedisclosedunder‘Capitalwork-in-progress’.Subsequentexpendituresrelatingtoproperty,plantandequipmentiscapitalizedonlywhenitisprobablethatfuture |\n| economicbenefitsassociatedwiththesewillflowtotheCompanyandthecostoftheitemcanbemeasuredreliably.Thecostandrelatedaccumulateddepreciationareeliminatedfromthefinancial statements upon sale or retirement of the asset. Impairment Property,plantandequipmentareevaluatedforrecoverabilitywhenevereventsorchangesincircumstancesindicatethattheircarryingamountsmaynotberecoverable.Forthepurposeofimpairment |\n| testing, the recoverable amount (i.e. the higher of the fair value less cost to sell and the value-in-use) is determined on an individual asset basis unless the asset does not generate cash flows that are largely independent of those from other assets. In such cases, the recoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs. Ifsuchassetsareconsideredtobeimpaired,theimpairmenttoberecognizedintheinterimcondensedStatementofProfitandLossismeasuredbytheamountbywhichthecarryingvalueoftheassets exceedstheestimatedrecoverableamountoftheasset.AnimpairmentlossisreversedintheinterimcondensedStatementofProfitandLossiftherehasbeenachangeintheestimatesusedtodetermine |\n| therecoverableamount.Thecarryingamountoftheassetisincreasedtoitsrevisedrecoverableamount,providedthatthisamountdoesnotexceedthecarryingamountthatwouldhavebeendetermined (net of any accumulated depreciation) had no impairment loss been recognized for the asset in prior years. The changes in the carrying value of property, plant and equipment for the three months ended March 31, 2025 are as follows: |\n| (In ₹ crore) Land- Plant and Office Computer Furniture and Leasehold (1)(2) |\n| Particulars Buildings Vehicles Total Freehold machinery(2) Equipment(2) equipment(2) fixtures(2) Improvements Gross carrying value as at January 1, 2025 1,430 10,623 3,241 1,421 7,439 2,162 945 45 27,306 Additions 47 3 6 15 576 6 17 1 671 Deletions** - (5) (9) (13) (98) (42) (181) - (348) Gross carrying value as at March 31, 2025 1,477 10,621 3,238 1,423 7,917 2,126 781 46 27,629 Accumulated depreciation as at January 1, 2025 - (4,867) (2,856) (1,183) (5,921) (1,801) (770) (42) (17,440) |\n| Depreciation - (98) (40) (24) (238) (36) (22) (1) (459) Accumulated depreciation on deletions** - 1 8 12 97 41 181 - 340 Accumulated depreciation as at March 31, 2025 - (4,964) (2,888) (1,195) (6,062) (1,796) (611) (43) (17,559) Carrying value as at January 1, 2025 1,430 5,756 385 238 1,518 361 175 3 9,866 Carrying value as at March 31, 2025 1,477 5,657 350 228 1,855 330 170 3 10,070 The changes in the carrying value of property, plant and equipment for the three months ended March 31, 2024 are as follows: (In ₹ crore) Land- Plant and Office Computer Furniture and Leasehold Particulars Buildings(1)(2) Vehicles Total Freehold machinery(2) Equipment(2) equipment(2) fixtures(2) Improvements Gross carrying value as at January 1, 2024 1,430 10,403 3,154 1,354 7,240 2,141 977 45 26,744 Additions - 276 76 29 298 48 16 - 743 Deletions* - - (16) (13) (159) (29) (30) - (247) |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 247, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "336a3c1082c09de5", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 248\n\n| Gross carrying value as at March 31, 2025 1,477 10,621 3,238 1,423 7,917 2,126 781 46 27,629 Accumulated depreciation as at April 1, 2024 - (4,575) (2,732) (1,139) (5,497) (1,709) (733) (42) (16,427) Depreciation - (402) (176) (99) (1,034) (166) (125) (2) (2,004) Accumulated depreciation on deletions** - 13 20 43 469 79 247 1 872 Accumulated depreciation as at March 31, 2025 - (4,964) (2,888) (1,195) (6,062) (1,796) (611) (43) (17,559) Carrying value as at April 1, 2024 1,430 6,104 482 231 1,882 451 230 3 10,813 Carrying value as at March 31, 2025 1,477 5,657 350 228 1,855 330 170 3 10,070 **DuringthethreemonthsandyearendedMarch31,2025,certainassetswhichwerenotinusehavinggrossbookvalueof₹76crore(netbookvalue:Nil)and₹411crore(netbookvalue:Nil), |\n|---|\n| respectively were retired. The changes in the carrying value of property, plant and equipment for the year ended March 31, 2024 are as follows: (In ₹ crore) Land- Plant and Office Computer Furniture and Leasehold Particulars Buildings(1)(2) Vehicles Total Freehold machinery(2) Equipment(2) equipment(2) fixtures(2) Improvements Gross carrying value as at April 1, 2023 1,429 10,445 3,144 1,314 7,235 2,129 968 45 26,709 Additions 1 289 119 90 765 100 70 1 1,435 Additions through business transfer - - - 2 12 8 12 - 34 Deletions* - (55) (49) (36) (633) (77) (87) (1) (938) Gross carrying value as at March 31, 2024 1,430 10,679 3,214 1,370 7,379 2,160 963 45 27,240 Accumulated depreciation as at April 1, 2023 - (4,223) (2,558) (1,060) (4,977) (1,549) (646) (40) (15,053) Depreciation - (407) (223) (114) (1,144) (230) (171) (3) (2,292) |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 248, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "31728a30cfe93185", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 249\n\n| 2.2 GOODWILL AND INTANGIBLE ASSETS |\n|---|\n| 2.2.1 Goodwill Following is a summary of changes in the carrying amount of goodwill: (In ₹ crore) Particulars As at |\n| March 31, 2025 March 31, 2024 Carrying value at the beginning 211 211 Carrying value at the end 211 211 |\n| 2.2.2 Other Intangible Assets |\n| Accounting Policy Intangibleassetsarestatedatcostlessaccumulatedamortizationandimpairment.Intangibleassetsareamortizedovertheir respectiveindividual estimatedusefullivesonastraight-linebasis,fromthedatethattheyareavailableforuse.Theestimatedusefullifeofanidentifiableintangibleasset isbasedonanumberoffactorsincludingtheeffectsofobsolescence,demand,competition,andothereconomicfactors(suchasthestabilityofthe |\n| industry,andknowntechnologicaladvances),andthelevelofmaintenanceexpendituresrequiredtoobtaintheexpectedfuturecashflowsfromthe asset. Amortization methods and useful lives are reviewed periodically including at each financial year end. Researchcostsareexpensedasincurred.Softwareproductdevelopmentcostsareexpensedasincurredunlesstechnicalandcommercialfeasibilityof theprojectisdemonstrated,futureeconomicbenefitsareprobable,theCompanyhasanintentionandabilitytocompleteanduseorsellthesoftware |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 249, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "77b931255cba6ce8", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 250\n\n| Accounting Policy |\n|---|\n| The Company as a lessee TheCompany’sleaseassetclassesprimarilyconsistofleasesforland,buildingsandcomputers.TheCompanyassesseswhetheracontractcontainsalease,atinceptionofa contract.Acontractis,orcontains,aleaseifthecontractconveystherighttocontroltheuseofanidentifiedassetforaperiodoftimeinexchangeforconsideration.Toassess |\n| whetheracontractconveystherighttocontroltheuseofanidentifiedasset,theCompanyassesseswhether:(i)thecontractinvolvestheuseofanidentifiedasset(ii)theCompany has substantially all of the economic benefits from use of the asset through the period of the lease and (iii) the Company has the right to direct the use of the asset. Atthedateofcommencementofthelease,theCompanyrecognizesaright-of-useasset(“ROU”)andacorrespondingleaseliabilityforallleasearrangementsinwhichitisalessee, |\n| exceptforleaseswithatermoftwelvemonthsorless(short-termleases)andlowvalueleases.Fortheseshort-termandlowvalueleases,theCompanyrecognizesthelease payments as an operating expense on a straight-line basis over the term of the lease. Asalessee,theCompanydeterminestheleasetermasthenon-cancellableperiodofaleaseadjustedwithanyoptiontoextendorterminatethelease,iftheuseofsuchoptionis reasonablycertain.TheCompanymakesanassessmentontheexpectedleasetermonalease-by-leasebasisandtherebyassesseswhetheritisreasonablycertainthatanyoptionsto |\n| extendorterminatethecontractwillbeexercised.Inevaluatingtheleaseterm,theCompanyconsidersfactorssuchasanysignificantleaseholdimprovementsundertakenoverthe leaseterm,costsrelatingtotheterminationoftheleaseandtheimportanceoftheunderlyingassettoInfosys’soperationstakingintoaccountthelocationoftheunderlyingassetand the availability of suitable alternatives. The lease term in future periods is reassessed to ensure that the lease term reflects the current economic circumstances. Certainleasearrangementsincludetheoptionstoextendorterminatetheleasebeforetheendoftheleaseterm.ROUassetsandleaseliabilitiesincludestheseoptionswhenitis |\n| reasonably certain that they will be exercised. The right-of-use assets are initially recognized at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or prior to the |\n| commencement date of the lease plus any initial direct costs less any lease incentives. They are subsequently measured at cost less accumulated depreciation and impairment losses. Right-of-useassetsaredepreciatedfromthecommencementdateonastraight-linebasisovertheshorteroftheleasetermandusefullifeoftheunderlyingasset.Right-of-useassets areevaluatedforrecoverabilitywhenevereventsorchangesincircumstancesindicatethattheircarryingamountsmaynotberecoverable.Forthepurposeofimpairmenttesting,the |\n| recoverableamount(i.e.thehigherofthefairvaluelesscosttosellandthevalue-in-use)isdeterminedonanindividualassetbasisunlesstheassetdoesnotgeneratecashflowsthat are largely independent of those from other assets. In such cases, the recoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs. Theleaseliabilityisinitiallymeasuredatamortizedcostatthepresentvalueofthefutureleasepayments.Theleasepaymentsarediscountedusingtheinterestrateimplicitinthe leaseor,ifnotreadilydeterminable,usingtheincrementalborrowingratesinthecountryofdomicileoftheseleases.Leaseliabilitiesareremeasuredwithacorresponding |\n| adjustment to the related right of use asset if the Company changes its assessment if whether it will exercise an extension or a termination option. |\n| Lease liability and ROU asset have been separately presented in the Balance Sheet and lease payments have been classified as financing cash flows. |\n| The Company as a lessor LeasesforwhichtheCompanyisalessorisclassifiedasafinanceoroperatinglease.Wheneverthetermsoftheleasetransfersubstantiallyalltherisksandrewardsofownershipto |\n| the lessee, the contract is classified as a finance lease. All other leases are classified as operating leases. WhentheCompanyisanintermediatelessor,itaccountsforitsinterestsintheheadleaseandthesubleaseseparately.Thesubleaseisclassifiedasafinanceoroperatingleaseby |\n| reference to the right-of-use asset arising from the head lease. |\n| For operating leases, rental income is recognized on a straight line basis over the term of the relevant lease. Following are the changes in the carrying value of right-of-use assets for the three months ended March 31, 2025: (In ₹ crore) Particulars Category of ROU asset Total Land Buildings Computers Balance as at January 1, 2025 531 2,092 502 3,125 Additions* - 212 48 260 Deletions - (107) (68) (175) Depreciation / Amortization (1) (92) (39) (132) Balance as at March 31, 2025 530 2,105 443 3,078 * Net of adjustments on account of modifications |\n| Following are the changes in the carrying value of right-of-use assets for the three months ended March 31, 2024: (In ₹ crore) Particulars Category of ROU asset Total Land Buildings Computers Balance as at January 1, 2024 535 2,435 517 3,487 Additions* - 45 49 94 Deletions - (91) (16) (107) Depreciation / Amortization (1) (123) (47) (171) Balance as at March 31, 2024 534 2,266 503 3,303 * Net of adjustments on account of modifications and lease incentives Following are the changes in the carrying value of right of use assets for the year ended March 31, 2025: (In ₹ crore) Particulars Category of ROU asset Total Land Buildings Computers Balance as at April 1, 2024 534 2,266 503 3,303 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 250, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "65a1c485abee764b", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 252\n\n| Non-co Govern Total non-curre Current investm Liquid Comm Certific Tax fre Govern Non-co Total current in Total carrying v Particulars | nvertible debentures ment Securities nt investments ents mutual fund units ercial Papers ates of deposit e bonds ment Securities nvertible debentures vestments alue |  |  |  |  | ( | In ₹ crore | 3,320 5,240 27,371 1,185 3,442 3,257 154 1,560 1,549 11,147 38,518 , except as o As at | therwise | 2,216 6,689 23,352 1,913 4,507 2,945 - 204 1,738 11,307 34,659 stated) |\n|---|---|---|---|---|---|---|---|---|---|---|\n| Non-current inv Unquoted Investme Investm Info Info Info Info Info Info Info Edg Info Info Bril Info Pan Info Wo Info | estments nt carried at cost ents in equity instrum sys BPM Limited 33,828 (33,828) eq sys Technologies (Chi sys Technologies, S. d 17,49,99,990 (17,4 sys Technologies (Swe 1,000 (1,000) equit sys Technologies (Sha sys Public Services, In 3,50,00,000 (3,50,0 sys Consulting Holdin 23,350 (23,350) - C 26,460 (26,460) - C eVerve Systems Limit 1,31,18,40,000 (1,3 sys Nova Holdings LL sys Singapore Pte Ltd 2,73,19,411 (1,09,9 liant Basics Holding L 1,346 (1,346) share sys Arabia Limited 70 (70) shares aya Inc. 2 (2) shares of USD sys Chile SpA 100 (100) shares ngDoody, Inc. Nil (100) shares sys Luxembourg S.a r. | ents of subsidia uity shares of ₹1 na) Co. Limited e R.L. de C.V., 9,99,990) equity den) AB y shares of SEK nghai) Compan c. 0,000) shares o g AG lass A shares o lass B Shares o ed 1,18,40,000) eq C# 0,000) shares imited s of GBP 0.005 0.01 per share l. | ries 0,000/- ea Mexico shares of 100 par v y Limited f USD 0.5 f CHF 1,00 f CHF 100 uity share each, fully , fully paid | ch, fully pa MXN 1 pa alue, fully p 0 par value, 0 each and each, fully s of ₹10/- e paid up up | id up r value, fu aid fully pai paid up ach, fully | lly paid up d paid up | March 31 | , 2025 662 369 65 76 1,010 99 1,323 1,312 3,017 4,327 59 2 582 7 - 26 | March 3 | 1, 2024 662 369 65 76 1,010 99 1,323 1,312 2,637 10 59 2 582 7 380 26 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 252, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "752280eec2637d08", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 253\n\n| March 31, 2025 March 31, 2024 Investments carried at fair value through profit or loss Target maturity fund units 465 431 Equity and Preference securities 25 - Others (1) 61 84 551 515 Investments carried at fair value through other comprehensive income Preference securities 167 91 |\n|---|\n| Equity securities 2 2 169 93 Quoted Investments carried at amortized cost Tax free bonds 1,465 1,731 Government bonds 14 14 1,479 1,745 Investments carried at fair value through other comprehensive income Non-convertible debentures 3,320 2,216 Equity Securities |\n| 57 113 Government Securities 5,240 6,689 8,617 9,018 Total non-current investments |\n| 27,371 23,352 Current investments Unquoted Investments carried at fair value through profit or loss Liquid mutual fund units 1,185 1,913 |\n| 1,185 1,913 Investments carried at fair value through other comprehensive income Commercial Papers 3,442 4,507 Certificates of deposit 3,257 2,945 6,699 7,452 Quoted Investments carried at amortized cost |\n| Tax free bonds 154 - 154 - Investments carried at fair value through other comprehensive income Government Securities 1,560 204 |\n| Non-convertible debentures 1,549 1,738 3,109 1,942 |\n| Total current investments 11,147 11,307 |\n| Total investments 38,518 34,659 Aggregate amount of quoted investments 13,359 12,705 Market value of quoted investments (including interest accrued), current 3,266 1,942 Market value of quoted investments (including interest accrued), non-current 10,269 10,978 Aggregate amount of unquoted investments 25,159 21,954 # Aggregate amount of impairment in value of investments 94 94 Reduction in the fair value of assets held for sale 854 854 |\n| Investments carried at cost 16,555 11,981 Investments carried at amortized cost 1,633 1,745 Investments carried at fair value through other comprehensive income 18,594 18,505 Investments carried at fair value through profit or loss 1,736 2,428 (1) Uncalled capital commitments outstanding as of March 31, 2025 and March 31, 2024 was ₹27 crore and ₹5 crore, respectively. (2)OnMay10,2024,InfosysLtdacquired100%votinginterestsinInSemiTechnologyServicesPrivateLimited,asemiconductordesignservicescompanyheadquarteredinIndia.Thisacquisitionis expectedtostrengthenourexpertiseinsemiconductorecosystemandEngineeringR&Dservices.Thebusinessacquisitionwasconductedbyenteringintoasharepurchaseagreementforatotal considerationof₹198croreasonacquisitiondate,whichincludesacashconsiderationof₹168croreand contingentconsiderationwithanestimatedfairvalueof₹30croreasonthedateof |\n| acquisition. Attheacquisitiondate,thekeyinputsusedindeterminationofthefairvalueofcontingentconsiderationaretheprobabilitiesassignedtowardsachievementoffinancialtargetsanddiscountrateof 5.9%. The undiscounted value of contingent consideration as of March 31, 2025 was ₹33 crore. |\n| Refer to note 2.10 for accounting policies on financial instruments. Method of fair valuation: (In ₹ crore) Class of investment Method Fair value as at March 31, 2025 March 31, 2024 Liquid mutual fund units - carried at fair value through profit or loss Quoted price 1,185 1,913 Target maturity fund units - carried at fair value through profit or loss Quoted price 465 431 Tax free bonds and government bonds - carried at amortized cost Quoted price and market observable inputs 1,796 1,959 Non-convertible debentures - carried at fair value through other Quoted price and market observable inputs 4,869 3,954 comprehensive income Government securities - carried at fair value through other Quoted price and market observable inputs 6,800 6,893 comprehensive income Commercial Papers - carried at fair value through other comprehensive Market observable inputs 3,442 4,507 income |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 253, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "e64db9e3b5959d35", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 254\n\n| Non- Current Loan to subsid Loans conside Other Loan Loans to Loans credit i | iary (1) red good - Unsec s employees mpaired - Unsecu | ured red |  |  | March 31 | , 2025 10 16 26 |  | March 3 | 1, 2024 - 34 34 |\n|---|---|---|---|---|---|---|---|---|---|\n| Other Loans Loans to Less: All Total non - cu Current Loans conside Other Loan Loans to | employees owance for credi rrent loans red good - Unsec s employees | t impairm ured | ent |  |  | - - - 26 207 |  |  | - - - 34 208 |\n| Total current Total Loans (1) Includes du 2.6 OTHER F Particulars Non-current Security de Unbilled re Net investm Total non-cur Current | loans es from subsidia INANCIAL AS posits (1) venues (1)(5)# ent in lease(1) rent other finan (1) | ries SETS cial asse | ts |  | March 31 | 207 233 10 As , 2025 205 1,904 241 2,350 | at | (In ₹ March 3 | 208 242 - crore) 1, 2024 205 1,366 185 1,756 |\n| Security de Restricted d Unbilled re Interest acc Foreign cur Net investm Others (1) Total current Total other fi (1) Financial as | posits eposits (1)* venues (1)(5)# rued but not due rency forward an ent in lease(1) other financial nancial assets sets carried at am | (1) d options assets ortized c | contracts (2)(3) ost |  |  | 21 2,716 5,681 739 171 228 3,013 12,569 14,919 14,748 |  |  | 25 2,282 4,993 476 81 134 2,138 10,129 11,885 11,804 |\n| (2) Financial as | sets carried at fai | r value th | rough other co | mprehensive income |  | 28 |  |  | 23 |\n| (3) Financial as (4) Includes du | sets carried at fai es from subsidia | r value th ries | rough Profit or | Loss |  | 143 2,909 |  |  | 58 2,052 |\n| (5) Includes du *Restricted d business. | es from subsidia eposits represen | ries t deposit | with financial | institutions tosettle employee related obligations as and w | hen they | 198 arise du | ring then | ormal c | 153 ourse of |\n| # Classified as 2.7 TRADE R Particulars | financial asset a ECEIVABLES | s right to | consideration is | unconditional and is due only after a passage of time. |  | As | at | (In ₹ | crore) |\n| Current Trade Re Less: All | ceivable conside owance for expe | red good cted credi | - Unsecured (1) t loss |  | March 31 | , 2025 26,807 394 |  | March 3 | 1, 2024 25,575 423 |\n| Trade Re Trade Re Less: All | ceivable conside ceivable - credit owance for credi | red good impaired t impairm | - Unsecured - Unsecured ent |  |  | 26,413 169 169 |  |  | 25,152 157 157 |\n| Trade Re Total trade re | ceivable - credit ceivables (2) | impaired | - Unsecured |  |  | - 26,413 |  |  | - 25,152 |\n| (1) Includes du | es from subsidia | ries |  |  |  | 250 |  |  | 259 |\n| (2) Includes du | es from compani | es where | directors are in | terested |  | - |  |  | - |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 254, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "62706a731911fa50", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 255\n\n| In current and deposit accounts 14,265 8,191 Cash on hand - - Total Cash and cash equivalents 14,265 8,191 Balances with banks in unpaid dividend accounts 45 37 Deposit with more than 12 months maturity - - Cash and cash equivalents as at March 31, 2025 and March 31, 2024 include restricted cash and bank balances of ₹45 crore and ₹44 crore, respectively. |\n|---|\n| ThedepositsmaintainedbytheCompanywithbankscompriseoftimedeposits,whichcanbewithdrawnbytheCompanyatanypointwithoutpriornoticeor penalty on the principal. 2.9 OTHER ASSETS (In ₹ crore) Particulars As at March 31, 2025 March 31, 2024 Non-current Capital advances 206 151 Advances other than capital advances Others Prepaid expenses 154 68 Defined benefit plan assets 257 9 Deferred contract cost Cost of obtaining a contract 299 88 Cost of fulfillment 676 640 Unbilled revenues(2) 119 58 Withholding taxes and others 512 655 Total non-current other assets 2,223 1,669 Current |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 255, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "7e6f0f7f90683189", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 256\n\n| Accounting Policy |\n|---|\n| 2.10.1 Initial recognition TheCompanyrecognizesfinancialassetsandfinancialliabilitieswhenitbecomesapartytothecontractualprovisionsoftheinstrument.Allfinancialassetsandliabilitiesarerecognizedatfair valueoninitialrecognition,exceptfortradereceivableswhichareinitiallymeasuredattransactionprice.Transactioncoststhataredirectlyattributabletotheacquisitionorissueoffinancial |\n| assetsandfinancialliabilities,whicharenotatfairvaluethroughprofitorloss,areaddedtothefairvalueoninitialrecognition.Regularwaypurchaseandsaleoffinancialassetsareaccounted for at trade date. 2.10.2 Subsequent measurement a. Non-derivative financial instruments |\n| (i) Financial assets carried at amortized cost Afinancialassetissubsequentlymeasuredatamortizedcostifitisheldwithinabusinessmodelwhoseobjectiveistoholdtheassetinordertocollectcontractualcashflowsandthecontractual |\n| terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. (ii) Financial assets carried at fair value through other comprehensive income (FVOCI) Afinancialassetissubsequentlymeasuredatfairvaluethroughothercomprehensiveincomeifitisheldwithinabusinessmodelwhoseobjectiveisachievedbybothcollectingcontractualcash |\n| flowsandsellingfinancialassetsandthecontractualtermsofthefinancialassetgiveriseonspecifieddatestocashflowsthataresolelypaymentsofprincipalandinterestontheprincipal amountoutstanding.TheCompanyhasmadeanirrevocableelectionforcertaininvestmentswhichareclassifiedasequityinstrumentstopresentthesubsequentchangesinfairvalueinother comprehensive income based on its business model. (iii) Financial assets carried at fair value through profit or loss (FVTPL) A financial asset which is not classified in any of the above categories are subsequently fair valued through profit or loss. (iv) Financial liabilities |\n| Financialliabilities are subsequentlycarried at amortized cost usingthe effective interest method, except forcontingent consideration recognized ina businesscombination whichis subsequently measured at fair value through profit or loss. (v) Investment in subsidiaries Investment in subsidiaries is carried at cost in the separate financial statements. b. Derivative financial instruments |\n| TheCompanyholdsderivativefinancialinstrumentssuchasforeignexchangeforwardandoptioncontractstomitigatetheriskofchangesinexchangeratesonforeigncurrencyexposures.The counterparty for such contracts is generally a bank. (i) Financial assets or financial liabilities, carried at fair value through profit or loss. |\n| This category includes derivative financial assets or liabilities which are not designated as hedges. AlthoughtheCompanybelievesthatthesederivativesconstitutehedgesfromaneconomicperspective,theymaynotqualifyforhedgeaccountingunderIndAS109,FinancialInstruments.Any |\n| derivative that is either not designated as hedge, or is so designated but is ineffective as per Ind AS 109, is categorized as a financial asset or financial liability, at fair value through profit or loss. DerivativesnotdesignatedashedgesarerecognizedinitiallyatfairvalueandattributabletransactioncostsarerecognizedinnetprofitintheStatementofProfitandLosswhenincurred. |\n| Subsequenttoinitialrecognition,thesederivativesaremeasuredatfairvaluethroughprofitorlossandtheresultingexchangegainsorlossesareincludedinotherincome.Assets/liabilitiesin this category are presented as current assets/current liabilities if they are either held for trading or are expected to be realized within 12 months after the Balance Sheet date. (ii) Cash flow hedge |\n| Primarily,theCompanydesignatescertainforeignexchangeforwardandoptionscontractsascashflowhedgestomitigatetheriskofforeignexchangeexposureonhighlyprobableforecast cash transactions. Whenaderivativeisdesignatedasacashflowhedginginstrument,theeffectiveportionofchangesinthefairvalueofthederivativeisrecognizedinothercomprehensiveincomeand accumulatedinthecashflowhedgingreserve.Anyineffectiveportionofchangesinthefairvalueofthederivativeisrecognizedimmediatelyinthenetprofitinthecondensedstandalone StatementofProfitandLoss.Ifthehedginginstrumentnolongermeetsthecriteriaforhedgeaccounting,thenhedgeaccountingisdiscontinuedprospectively.Ifthehedginginstrumentexpires orissold,terminatedorexercised,thecumulativegainorlossonthehedginginstrumentrecognizedincashflowhedgingreservetilltheperiodthehedgewaseffectiveremainsincashflow hedgingreserveuntiltheforecastedtransactionoccurs.Thecumulativegainorlosspreviouslyrecognizedinthecashflowhedgingreserveistransferredtothenetprofitinthecondensed standaloneStatementofProfitandLossupontheoccurrenceoftherelatedforecastedtransaction.Iftheforecastedtransactionisnolongerexpectedtooccur,thentheamountaccumulatedin |\n| cash flow hedging reserve is reclassified to net profit in the condensed Statement of Profit and Loss. 2.10.3 Derecognition of financial instruments TheCompanyderecognizesafinancialassetwhenthecontractualrightstothecashflowsfromthefinancialassetexpireorittransfersthefinancialassetandthetransferqualifiesfor derecognitionunderIndAS109.Afinancialliability(orapartofafinancialliability)isderecognizedfromtheCompany'sBalanceSheetwhentheobligationspecifiedinthecontractis discharged or cancelled or expires. 2.10.4 Fair value of financial instruments Indeterminingthefairvalueofitsfinancialinstruments,theCompanyusesavarietyofmethodsandassumptionsthatarebasedonmarketconditionsandrisksexistingateachreportingdate. |\n| Themethodsusedtodeterminefairvalueincludediscountedcashflowanalysis,optionpricingmodel,marketmultiples,availablequotedmarketpricesanddealerquotes.Allmethodsof assessing fair value result in general approximation of value, and such value may never actually be realized. Refertotable'Financialinstrumentsbycategory'belowforthedisclosureoncarryingvalueandfairvalueoffinancialassetsandliabilities.Forfinancialassetsandliabilitiesmaturingwithin |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 256, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "c7259b49d8f1980a", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 257\n\n| curren Thea | t and anticip mountofEC | ated future e Ls(orrevers | cono al)t | mic condit hatisrequi | ions rela redtoa | ting to industrie djustthelossal | s the Co lowance | mpa atth | ny deals with an ereportingdate | d the countries totheamoun | where tthatis | it operates. requiredtobereco | rdedisrecognized | asanimpairmentloss | orgain |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| conde Finan The c Parti Asset Cash Invest | nsed Stateme cial instrum arrying value culars s: and cash equi ments (Refer Preference se Tax free bon Liquid mutua Target matur Commercial Certificates o | nt of Profit a ents by cate and fair valu valents (Ref to note 2.4) curities, Equ ds and gover l fund units ity fund units Papers f deposit | nd L gory e of er to ity s nme | oss. financial in note 2.8) ecurities an nt bonds | strumen d others | ts by categories Amo c | as at M rtized ost 14,265 - 1,633 - - - - | arch Fina fair | 31, 2025 are as ncial assets/ li value through loss Designated upon initial recognition - 25 - - - - - | follows: abilities at F profit or Mandatory - 61 - 1,185 465 - - | inancia Equity desi initial | l assets/liabilities a through OCI instruments gnated upon recognition - 226 - - - - - | t fair value Total v Mandatory - - - - - 3,442 3,257 | (In ₹ carrying Total fair alue 14,265 312 1,633 1,185 465 3,442 3,257 | crore) value 14,265 312 1,796 (1 1,185 465 3,442 3,257 |\n| Trade Loans Other Total Liabi Trade Lease Other Total (1) On (2) Ex (3) Ex The c Parti Asset Cash Invest | Non converti Government receivables ( (Refer to no financial ass lities: payables (Re liabilities (R financial liab account of f cludes interes cludes unbill arrying value culars s: and cash equi ments (Refer Preference se | ble debentur Securities Refer to note te 2.5) ets (Refer to fer to note 2 efer to note 2 ilities (Refer air value cha t accrued on ed revenue o and fair valu valents (Ref to note 2.4) curities, Equ | es 2.7 note .13) .3) to n nges tax n co e of er to ity s | ) 2.6) (3) ote 2.12) including free bonds ntracts whe financial in note 2.8) ecurities an | interest and gov re the ri strumen d others | accrued ernment bonds ght to consider ts by categories Amo c | - - 26,413 233 14,748 57,292 2,728 3,459 13,593 19,780 carried ation is as at M rtized ost 8,191 - | at am depen arch Fina fair | - - - - - 25 - - - - ortized cost of dent on comple 31, 2024 were a ncial assets/ li value through loss Designated upon initial recognition - - | - - - - 143 1,854 - - 54 54 ₹80 crore tion of contrac s follows: abilities at F profit or Mandatory - 84 | tual mil inancia Equity desi initial | - - - - - 226 - - - - estones l assets/liabilities a through OCI instruments gnated upon recognition - 206 | 4,869 6,800 - - 28 18,396 - - 33 33 t fair value Total v Mandatory - - | 4,869 6,800 26,413 233 14,919 77,793 2,728 3,459 13,680 19,867 (In ₹ carrying Total fair alue 8,191 290 | 4,869 6,800 26,413 233 14,839 (2 77,876 2,728 3,459 13,680 19,867 crore) value 8,191 290 |\n| Trade Loans Other Total Liabi Trade Lease Other Total | Tax free bon Target matur Liquid mutua Commercial Certificates o Non converti Government receivables ( (Refer to no financial ass lities: payables (Re Liabilities (R financial liab | ds and gover ity fund units l fund units Papers f deposit ble debentur Securities Refer to note te 2.5) ets (Refer to fer to note 2 efer to note ilities (Refer | nme es 2.7 note .13) 2.3) to n | nt bonds ) 2.6)(3) ote 2.12) |  |  | 1,745 - - - - - - 25,152 242 11,804 47,134 2,493 3,766 11,569 17,828 |  | - - - - - - - - - - - - - - - | - 431 1,913 - - - - - - 58 2,486 - - 20 20 |  | - - - - - - - - - - 206 - - - - | - - - 4,507 2,945 3,954 6,893 - - 23 18,322 - - 1 1 | 1,745 431 1,913 4,507 2,945 3,954 6,893 25,152 242 11,885 68,148 2,493 3,766 11,590 17,849 | 1,959 (1 431 1,913 4,507 2,945 3,954 6,893 25,152 242 11,801 (2 68,278 2,493 3,766 11,590 17,849 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 257, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "0db1d97c8545defd", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 258\n\n| Fair value hierarchy Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities. |\n|---|\n| Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices). Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs). The fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as at March 31, 2025 was as follows: (In ₹ crore) Particulars As at March 31, Fair value measurement at end of the 2025 reporting period using Level 1 Level 2 Level 3 Assets Investments (Refer to note 2.4) Investments in tax free bonds 1,781 1,227 554 - Investments in government bonds 15 15 - - Investments in liquid mutual fund units 1,185 1,185 - - Investments in target maturity fund units 465 465 - - Investments in certificates of deposit 3,257 - 3,257 - Investments in commercial papers 3,442 - 3,442 - Investments in non convertible debentures 4,869 4,869 - - |\n| Investments in government securities 6,800 6,763 37 - Investments in equity securities 59 57 - 2 Investments in preference securities 192 - - 192 Other investments 61 - - 61 Others Derivative financial instruments - gain (Refer to Note 2.6) 171 - 171 - Liabilities Derivative financial instruments - loss (Refer to Note 2.12) 56 - 56 - Liability towards contingent consideration (Refer to note 2.12)(1) 31 - - 31 (1)Discount rate - 6% DuringtheyearendedMarch31,2025,Stategovernmentsecuritiesandnon-convertibledebenturesof₹36croreand₹261croreweretransferredfromLevel2toLevel1offairvalue hierarchysincethesewerevaluedbasedonquotedprice.FurtherTaxfreebondof₹554croreweretransferredfromLevel1toLevel2offairvaluehierarchy,sincethesewerevaluedbased on market observable inputs The fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as at March 31, 2024 was as follows: (In ₹ crore) As at March 31, Fair value measurement at end of the reporting Particulars 2024 period using Level 1 Level 2 Level 3 Assets Investments (Refer to note 2.4) Investments in tax free bonds 1,944 1,944 - - Investments in target maturity fund units 431 431 - - Investments in government bonds 15 15 - - Investments in liquid mutual fund units 1,913 1,913 - - |\n| Investments in certificates of deposit 2,945 - 2,945 - Investments in commercial papers 4,507 - 4,507 - Investments in non convertible debentures 3,954 3,697 257 - Investments in government securities 6,893 6,820 73 - Investments in equity securities 115 113 - 2 Investments in preference securities 91 - - 91 Other investments 84 - - 84 Others Derivative financial instruments - gain 81 - 81 - Liabilities Derivative financial instruments - loss 21 - 21 - DuringtheyearendedMarch31,2024, taxfreebondsandnon-convertibledebenturesof₹1,986croreweretransferredfromLevel2toLevel1offairvaluehierarchysincethesewere valuedbasedonquotedprice.Furthergovernmentsecuritiesof₹73croreweretransferredfromLevel1toLevel2offairvaluehierarchy,sincethesewerevaluedbasedonmarket |\n| observable inputs. A one percentage point change in the unobservable inputs used in fair valuation of Level 3 assets and liabilities does not have a significant impact in its value. MajorityofinvestmentsoftheCompanyarefairvaluedbasedonLevel1orLevel2inputs.Theseinvestmentsprimarilyincludeinvestmentinliquidmutualfundunits,targetmaturityfund units,taxfreebonds,certificatesofdeposit,commercialpapers,treasurybills,governmentsecurities,non-convertibledebentures,quotedbondsissuedbygovernmentandquasi-government |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 258, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "dd4892df92dffa8f", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 259\n\n| 2.11 EQUITY |\n|---|\n| Accounting policy |\n| Ordinary Shares |\n| Ordinary shares are classified as equity share capital. Incremental costs directly attributable to the issuance of new ordinary shares, share options and buyback are recognized as a deduction from equity, net of any tax effects. |\n| Description of reserves Capital redemption reserve Inaccordancewithsection69oftheIndianCompaniesAct,2013,theCompanycreatescapitalredemptionreserveequaltothenominalvalueofthesharesboughtbackasanappropriationfromgeneralreserve/retained earnings. |\n| Retained earnings Retained earnings represent the amount of accumulated earnings of the Company. Securities premium |\n| The amount received in excess of the par value of equity shares has been classified as securities premium. Amounts have been utilized for bonus issue and share buyback from share premium account. |\n| Share options outstanding account TheShareoptionsoutstandingaccountisusedtorecordthefairvalueofequity-settledsharebasedpaymenttransactionswithemployees.Theamountsrecordedinshareoptionsoutstandingaccountaretransferredtosecurities |\n| premium upon exercise of stock options and transferred to general reserve on account of stock options not exercised by employees. |\n| Special Economic Zone Re-investment reserve TheSpecialEconomicZoneRe-investmentreservehasbeencreatedoutoftheprofitoftheeligibleSEZunitintermsoftheprovisionsofSec10AA(1)(ii)ofIncomeTaxAct,1961.Thereserveshouldbeutilizedbythe |\n| Company for acquiring new plant and machinery for the purpose of its business in terms of the provisions of the Sec 10AA (2) of the Income Tax Act, 1961. Other components of equity |\n| Othercomponentsofequityincluderemeasurementofnetdefinedbenefitliability/asset,equityinstrumentsfairvaluedthroughothercomprehensiveincome,changesonfairvaluationofinvestmentsandchangesinfairvalue of derivatives designated as cash flow hedges, net of taxes. |\n| Cash flow hedge reserve Whenaderivativeisdesignatedasacashflowhedginginstrument,theeffectiveportionofchangesinthefairvalueofthederivativeisrecognizedinothercomprehensiveincomeandaccumulatedinthecashflowhedging |\n| reserve. The cumulative gain or loss previously recognized in the cash flow hedging reserve is transferred to the condensed standalone Statement of Profit and Loss upon the occurrence of the related forecasted transaction. 2.11.1 EQUITY SHARE CAPITAL (In ₹ crore, except as otherwise stated) Particulars As at March 31, 2025 March 31, 2024 |\n| Authorized Equity shares, ₹5/- par value 480,00,00,000 (480,00,00,000) equity shares 2,400 2,400 Issued, Subscribed and Paid-Up Equity shares, ₹5/- par value (1) 2,076 2,075 415,32,63,455 (415,08,67,464) equity shares fully paid-up |\n| 2 ,076 2,075 (1) Refer to note 2.20 for details of basic and diluted shares Forfeited shares amounted to ₹1,500/- (₹1,500/-) TheCompanyhasonlyoneclassofsharesreferredtoasequityshareshavingaparvalueof₹5/-.Eachholderofequitysharesisentitledtoonevotepershare.TheequitysharesrepresentedbyAmericanDepositoryShares |\n| (ADS) carry similar rights to voting and dividends as the other equity shares. Each ADS represents one underlying equity share. IntheeventofliquidationoftheCompany,theholdersofequityshareswillbeentitledtoreceiveanyoftheremainingassetsofthecompanyinproportiontothenumberofequitysharesheldbytheshareholders,after |\n| distribution of all preferential amounts. However, no such preferential amounts exist currently. |\n| There are no voting, dividend or liquidation rights to the holders of options issued under the company's share option plans. |\n| For details of shares reserved for issue under the employee stock option plan of the Company, refer to the note below. The reconciliation of the number of shares outstanding and the amount of share capital as at March 31, 2025 and March 31, 2024 is set out below: (in ₹ crore, except as stated otherwise) Particulars As at March 31, 2025 As at March 31, 2024 Number of shares Amount Number of shares Amount |\n| As at the beginning of the period 4,15,08,67,464 2,075 4,14,85,60,044 2,074 Add: Shares issued on exercise of employee stock options 2,395,991 1 2,307,420 1 As at the end of the period 4,15,32,63,455 2,076 4,15,08,67,464 2,075 |\n| Capital allocation policy Effectivefiscal2025,theCompanyexpectstocontinueitspolicyofreturningapproximately85%ofthefreecashflowcumulativelyovera5-yearperiodthroughacombinationofsemi-annualdividendsand/orsharebuyback/ |\n| special dividends subject to applicable laws and requisite approvals, if any. Under this policy, the Company expects to progressively increase its annual dividend per share (excluding special dividend if any). |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 259, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "a09360f69ea6b95c", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 260\n\n| shares and has no debt. Consequent to the above capital structure there are no externally imposed capital requirements. |\n|---|\n| 2.11.2 DIVIDEND ThefinaldividendonsharesisrecordedasaliabilityonthedateofapprovalbytheshareholdersandinterimdividendsarerecordedasaliabilityonthedateofdeclarationbytheCompany'sBoardofDirectors. Incometax |\n| consequences of dividends on financial instruments classified as equity will be recognized according to where the entity originally recognized those past transactions or events that generated distributable profits. TheCompanydeclaresandpaysdividendsinIndianrupees.Companiesarerequiredtopay/distributedividendafterdeductingapplicabletaxes.TheremittanceofdividendsoutsideIndiaisgovernedbyIndianlawonforeign |\n| exchange and is also subject to withholding tax at applicable rates. The amount of per share dividend recognized as distribution to equity shareholders in accordance with Companies Act 2013 is as follows: (in ₹) Particulars Three months ended March 31, Year ended March 31, 2025 2024 2025 2024 Interim dividend for fiscal 2025 - - 21.00 - |\n| Special dividend for fiscal 2024 - - 8.00 - Final dividend for fiscal 2024 - - 20.00 - Interim dividend for fiscal 2024 - - - 18.00 Final dividend for fiscal 2023 - - - 17.50 |\n| During the year ended March 31, 2025, on account of the final and special dividend for fiscal 2024 and interim dividend for fiscal 2025, the Company has incurred a net cash outflow of ₹20,345 crore. The Board of Directors in their meeting held on April 17, 2025 recommended a final dividend of ₹22/- per equity share for the financial year ended March 31, 2025. The payment is subject to approval of shareholders in the |\n| AGM of the Company to be held on June 25, 2025 and if approved, would result in a net cash outflow of approximately ₹9,137 crore (excluding dividend paid on treasury shares). 2.11.3 Employee Stock Option Plan (ESOP): |\n| Accounting Policy TheCompanyrecognizescompensationexpenserelatingtoshare-basedpaymentsinnetprofitbasedonestimatedfair-valuesoftheawardsonthegrantdate.Theestimatedfairvalueofawardsisrecognizedasanexpensein thestatementofprofitandlossonastraight-linebasisovertherequisiteserviceperiodforeachseparatelyvestingportionoftheawardasiftheawardwasin-substance,multipleawardswithacorrespondingincreasetoshare |\n| options outstanding account. |\n| Infosys Expanded Stock Ownership Program 2019 (the 2019 Plan): OnJune22,2019pursuanttoapprovalbytheshareholdersintheAnnualGeneralMeeting,theBoardhasbeenauthorizedtointroduce,offer,issueandprovideshare-basedincentivestoeligibleemployeesoftheCompanyand itssubsidiariesunderthe2019Plan.Themaximumnumberofsharesunderthe2019planshallnotexceed5,00,00,000equityshares.Toimplementthe2019Plan,upto4,50,00,000equitysharesmaybeissuedbywayof secondaryacquisitionofsharesbyInfosysExpandedStockOwnershipTrust. TheRestrictedStockUnits(RSUs)grantedunderthe2019planshallvestbasedontheachievementofdefinedannualperformanceparametersas |\n| determinedbytheadministrator(NominationandRemunerationCommittee).TheperformanceparameterswillbebasedonacombinationofrelativeTotalShareholderReturn(TSR)againstselectedindustrypeersandcertain broadermarketdomesticandglobalindicesandoperatingperformancemetricsofthecompanyasdecidedbyadministrator.Eachoftheaboveperformanceparameterswillbedistinctforthepurposesofcalculationofquantity of shares to vest based on performance. These instruments will generally vest between a minimum of 1 to maximum of 3 years from the grant date. |\n| 2015 Stock Incentive Compensation Plan (the 2015 Plan): OnMarch31,2016,pursuanttotheapprovalbytheshareholdersthroughpostalballot,theBoardwasauthorizedtointroduce,offer,issueandallotshare-basedincentivestoeligibleemployeesoftheCompanyandits |\n| subsidiariesunderthe2015Plan.Themaximumnumberofsharesunderthe2015planshallnotexceed2,40,38,883equityshares(thisincludes1,12,23,576equityshareswhichareheldbythetrusttowardsthe2011Planas at March 31, 2016). These instruments will generally vest over a period of 4 years. The plan numbers mentioned above are further adjusted with the September 2018 bonus issue. TheequitysettledandcashsettledRSUsandstockoptionswouldvestgenerallyoveraperiodof4yearsandshallbeexercisablewithintheperiodasapprovedbytheNominationandRemunerationCommittee(NARC).The |\n| exercise price of the RSUs will be equal to the par value of the shares and the exercise price of the stock options would be the market price as on the date of grant. Controlledtrustholds96,55,927sharesand10,916,829sharesasatMarch31,2025andMarch31,2024,respectivelyunderthe2015plan.Outoftheseshares,2,00,000equityshareseachhavebeenearmarkedforwelfare |\n| activities of the employees as at March 31, 2025 and March 31, 2024. |\n| The following is the summary of grants made during the three months and year ended March 31, 2025 and March 31, 2024: Particulars 2019 Plan 2015 Plan Three months ended March 31, Year ended March 31, Three months ended March 31, Year ended March 31, 2025 2024 2025 2024 2025 2024 2025 2024 Equity settled RSUs Key Management Personnel (KMP) 49,000 26,900 119,699 141,171 85,674 77,094 3 80,842 498,730 Employees other than KMP 3,617,798 3,582,471 3,624,646 4,046,731 1,722,470 3,442,700 1 ,874,690 4,640,640 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 260, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "9b9ce551202414cc", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 261\n\n| Notes on grants to KMP: CEO & MD |\n|---|\n| Under the 2015 plan: TheBoard,onApril18,2024,basedontherecommendationsoftheNominationandRemunerationCommitteeapprovedthefollowinggrantsforfiscal2025.Inaccordancewithsuchapprovalthefollowinggrantsweremade |\n| effective May 2, 2024. - 245,679 performance-based RSUs (Annual performance equity grant) of fair value of ₹34.75 crore. These RSUs will vest in line with the employment agreement based on achievement of certain performance targets. -14,140performance-basedgrantofRSUs(AnnualperformanceequityESGgrant)offairvalueof₹2crore.TheseRSUswillvestinlinewiththeemploymentagreementbasedonachievementofcertainenvironment,social |\n| and governance milestones as determined by the Board. -35,349performance-basedgrantofRSUs(AnnualperformanceEquityTSRgrant)offairvalueof₹5crore.TheseRSUswillvestinlinewiththeemploymentagreementbasedonCompany’sperformanceoncumulative relative TSR over the years and as determined by the Board. Further,inaccordancewiththeemployeeagreementwhichhasbeenapprovedbytheshareholders,theCEOiseligibletoreceiveanannualgrantofRSUsoffairvalue₹3crorewhichwillvestovertimeinthreeequalannual |\n| installments upon the completion of each year of service from the respective grant date. Accordingly, annual time-based grant of 16,204 RSUs was made effective February 1, 2025 for fiscal 2025. ThoughtheannualtimebasedgrantsandannualperformanceequityTSRgrantfortheremainingemploymenttermendingonMarch31,2027havenotbeengrantedasofMarch31,2025,sincetheservicecommencement dateprecedesthegrantdate,thecompanyhasrecordedemploymentstockcompensationexpenseinaccordancewithIndAS102,Sharebasedpayment.ThegrantdateforthispurposeinaccordancewithIndAS102,Share based payment is July 1, 2022. |\n| Under the 2019 plan: TheBoard,onApril18,2024,basedontherecommendationsoftheNominationandRemunerationCommittee,approvedperformance-basedgrantofRSUsamountingto₹10croreforfiscal2025underthe2019Plan.These RSUs will vest based on achievement of certain performance targets. Accordingly, 70,699 performance based RSU’s were granted effective May 2, 2024. Other KMP Under the 2015 plan: |\n| DuringtheyearendedMarch31,2025,basedonrecommendationsofNominationandRemunerationCommittee,theBoardapproved69,470timebasedRSUstootherKMPunderthe2015plan.TimebasedRSUswillvest over four years. Under the 2019 plan: |\n| DuringtheyearendedMarch31,2025,basedonrecommendationsofNominationandRemunerationCommittee,theBoardapprovedperformancebasedgrantsof49,000 RSUstootherKMPsunderthe2019plan.These RSUs will vest over three years based on achievement of certain performance targets. The break-up of employee stock compensation expense is as follows: (in ₹ crore) Particulars Three months ended March 31, Year ended March 31, 2025 2024 2025 2024 Granted to: |\n| KMP 18 17 70 68 Employees other than KMP 158 181 642 507 Total (1) 176 198 712 575 (1) Cash settled stock compensation expense included in the above 1 2 8 5 |\n| The fair value of the awards are estimated using the Black-Scholes Model for time and non-market performance-based options and Monte Carlo simulation model is used for TSR based options. Theinputstothemodelincludethesharepriceatdateofgrant,exerciseprice,expectedvolatility,expecteddividends,expectedtermandtheriskfreerateofinterest.Expectedvolatilityduringtheexpectedtermoftheoptions isbasedonhistoricalvolatilityoftheobservedmarketpricesoftheCompany'spubliclytradedequitysharesduringaperiodequivalenttotheexpectedtermoftheoptions.Expectedvolatilityofthecomparativecompanyhave |\n| beenmodelledbasedonhistoricalmovementsinthemarketpricesoftheirpubliclytradedequitysharesduringaperiodequivalenttotheexpectedtermoftheoptions.Correlationcoefficientiscalculatedbetweeneachpeer entity and the indices as a whole or between each entity in the peer group. The fair value of each equity settled award is estimated on the date of grant using the following assumptions: Particulars For options granted in Fiscal 2025- Fiscal 2025- Fiscal 2024- Fiscal 2024- Equity Shares- ADS-RSU Equity Shares-RSU ADS-RSU RSU Weighted average share price (₹) / ($ ADS) 1,808 21.44 1,588 19.19 |\n| Exercise price (₹) / ($ ADS) 5.00 0.07 5.00 0.07 Expected volatility (%) 21-26 23-28 23-31 25-33 Expected life of the option (years) 1-4 1-4 1-4 1-4 Expected dividends (%) 2-3 2-3 2-3 2-3 Risk-free interest rate (%) 7 4-5 7 4-5 Weighted average fair value as on grant date (₹) / ($ ADS) 1,555 18.20 1,317 16.27 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 261, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "898135658c182599", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 262\n\n| Capital Compe Payable Other p Foreign Total current Total other fi (1) Financial li (2) Financial li (3) Financial li (4) Includes du (5) Includes du Financial liabi Accrued expe expenses, over 2.13 TRADE Particulars Outstanding d | creditors (1) nsated absences for acquisition o ayables (1)(5) currency forward other financial li nancial liabilities ability carried at ability carried at ability carried at es to subsidiaries es to subsidiaries lity towards conti nses primarily re seas travel expens PAYABLES ues of micro enter | f business and optio abilities amortized fair value fair value ngent con late to co es, office prises and | - Contingent ns contracts cost through prof through othe sideration on st of techni maintenance small enterp | consideration (2) (2)(3) it or loss r comprehensive income an undiscounted basis cal sub-contractors, telecommunication charges, legal an and cost of third party software and hardware. rises | d profess March 31 | 470 2,322 11 1,206 56 14,101 16,092 13,593 54 33 56 962 33 ional c As , 2025 8 | harges, at | brand (In March | 269 2,078 - 933 21 11,808 13,749 11,569 20 1 29 405 - building ₹ crore) 31, 2024 92 |\n|---|---|---|---|---|---|---|---|---|---|\n| Outstanding d Total trade pa (1)Includes due 2.14 OTHER Particulars | ues of creditors ot yables s to subsidiaries LIABILITIES | her than m | icro enterpri | ses and small enterprises(1) | March 31 | 2,720 2,728 907 As , 2025 | at | (In March | 2,401 2,493 778 ₹ crore) 31, 2024 |\n| Non-current Others Accrued def Others Total non - cu | ined benefit liabil rrent other liabi | ity lities |  |  |  | 74 21 95 |  |  | 123 27 150 |\n| Current |  |  |  |  |  |  |  |  |  |\n| Unearned reve | nue |  |  |  |  | 6,713 |  |  | 5,698 |\n| Others Withholding | taxes and others |  |  |  |  | 2,433 |  |  | 1,974 |\n| Accrued def | ined benefit liabil | ity |  |  |  | 3 |  |  | 2 |\n| Others |  |  |  |  |  | 10 |  |  | 7 |\n| Total current | other liabilities |  |  |  |  | 9,159 |  |  | 7,681 |\n| Total other lia | bilities |  |  |  |  | 9,254 |  |  | 7,831 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 262, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "23885d707dec13fc", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 263\n\n| arerecordedintheStatementofProfitandLoss.TheCompanyestimatessuchcostsbasedonhistoricalexperienceandestimatesarereviewedonaperiodicbasisforanymaterialchangesinassumptions and likelihood of occurrence. b. Onerous contracts ProvisionsforonerouscontractsarerecognizedwhentheexpectedbenefitstobederivedbytheCompanyfromacontractarelowerthantheunavoidablecostsofmeetingthefutureobligationsunderthe contract.Provisionsforestimatedlosses,ifany,onincompletecontractsarerecordedintheperiodinwhichsuchlossesbecomeprobablebasedontheestimatedeffortsorcoststocompletethecontract. Theprovisionismeasuredatthepresentvalueoftheloweroftheexpectedcostofterminatingthecontractandtheexpectednetcostofcontinuingwiththecontract.Beforeaprovisionisestablished,the Company recognizes any impairment loss on the assets associated with that contract. Provision for post-sales client support and other provisions (In ₹ crore) Particulars As at March 31, 2025 March 31, 2024 |\n|---|\n| Current Others Post-sales client support and other provisions 993 1,464 Total provisions 993 1,464 Provision for post sales client support and other provisions majorly represents costs associated with providing sales support services which are accrued at the time of recognition of revenues and are expected to be utilized over a period of 1 year. |\n| Provision for post sales client support and other provisions is included in cost of sales in the interim condensed standalone statement of profit and loss. |\n| 2.16 INCOME TAXES Accounting Policy Incometaxexpensecomprisescurrentanddeferredincometax.IncometaxexpenseisrecognizedinnetprofitintheStatementofProfitandLossexcepttotheextentthatitrelatestoitemsrecognized directlyinequity,inwhichcaseitisrecognizedinequityorothercomprehensiveincome.Currentincometaxforcurrentandpriorperiodsisrecognizedattheamountexpectedtobepaidtoorrecovered |\n| fromthetaxauthorities,usingthetaxratesandtaxlawsthathavebeenenactedorsubstantivelyenactedbytheBalanceSheetdate.Deferredincometaxassetsandliabilitiesarerecognizedforall temporarydifferencesarisingbetweenthetaxbasesofassetsandliabilitiesandtheircarryingamountsinthefinancialstatements.Deferredtaxassetsarereviewedateachreportingdateandarereduced to the extent that it is no longer probable that the related tax benefit will be realized. DeferredincometaxassetsandliabilitiesaremeasuredusingtaxratesandtaxlawsthathavebeenenactedorsubstantivelyenactedbytheBalanceSheetdateandareexpectedtoapplytotaxableincome intheyearsinwhichthosetemporarydifferencesareexpectedtoberecoveredorsettled.Theeffectofchangesintaxratesondeferredincometaxassetsandliabilitiesisrecognizedasincomeorexpense intheperiodthatincludestheenactmentorthesubstantiveenactmentdate.Adeferredincometaxassetisrecognizedtotheextentthatitisprobablethatfuturetaxableprofitwillbeavailableagainst |\n| whichthedeductibletemporarydifferencesandtaxlossescanbeutilized.Deferredincometaxesarenotprovidedontheundistributedearningsofsubsidiariesandbrancheswhereitisexpectedthatthe earnings of the subsidiary or branch will not be distributed in the foreseeable future. TheCompanyoffsetscurrenttaxassetsandcurrenttaxliabilities;deferredtaxassetsanddeferredtaxliabilities,whereithasalegallyenforceablerighttosetofftherecognizedamountsandwhereit |\n| intendseithertosettleonanetbasis,ortorealizetheassetandsettletheliabilitysimultaneously.Theincometaxprovisionfortheinterimperiodismadebasedonthebestestimateoftheannualaverage tax rate expected to be applicable for the full financial year. Tax benefits of deductions earned on exercise of employee share options in excess of compensation charged to income are credited to equity. Income tax expense in the statement of Profit and Loss comprises: (In ₹ crore) Particulars Three months ended March 31, Year ended March 31, 2025 2024 2025 2024 |\n| Current taxes 2,408 830 10,836 7,306 Deferred taxes 25 1,104 (963) 1,413 Income tax expense 2,433 1,934 9,873 8,719 Income tax expense for the three months ended March 31, 2025 and March 31, 2024 includes reversals (net of provisions) of ₹116 crore and ₹832 crore, respectively. Income tax expense for the year ended March 31, 2025 and March 31, 2024 includes provisions (net of reversals) of ₹97 crore and reversals (net of provisions) of ₹913 crore, respectively. These reversals pertaining to prior periods are |\n| primarily on account of adjudication of certain disputed matters, upon filing of tax return and completion of assessments, across various jurisdictions. DuringthequarterendedMarch31,2025,theCompanyreceivedordersundersection250oftheIncomeTaxAct,1961,fromtheIncomeTaxAuthoritiesinIndiafortheassessmentyears,2016-17and 2019-20.TheseordersconfirmedtheCompany'spositionwithrespecttotaxtreatmentofcertaincontentiousmatters.Asaresultinterestincome(pre-tax)of₹327crorewasrecognisedandprovisionfor |\n| incometaxaggregating₹183crorewasreversedwithacorrespondingcredittotheStatementofProfitandLoss.Also,uponresolutionofthedisputes,anamountaggregatingto₹1,068crorehasbeen reduced from contingent liabilities. |\n| Deferred income tax for the three months and year ended March 31, 2025 and March 31, 2024 substantially relates to origination and reversal of temporary differences. The Company’s Advanced Pricing Arrangement (APA) with the Internal Revenue Service (IRS) for US branch income tax expired in March 2021. The Company has applied for renewal of APA and |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 263, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d18d2285652cd6d2", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 264\n\n| 2.17 REVENUE FROM OPERATIONS |\n|---|\n| Accounting Policy The Companyderives revenues primarilyfrom ITservices comprisingsoftware development and related services, cloud and infrastructureservices, maintenance, consultingand package implementation, licensingofsoftware products and platformsacross theCompany’s coreand digitalofferings |\n| (together called as “software related services”). Contracts with customers are either on a time-and-material, unit ofwork,fixed-price oron afixed- timeframe basis. Revenuesfromcustomercontractsareconsideredforrecognitionandmeasurementwhenthecontracthasbeenapprovedinwriting,bytheparties,tothe contract,thepartiestocontractarecommittedtoperformtheirrespectiveobligationsunderthecontract,andthecontractislegallyenforceable.Revenue |\n| is recognized upon transfer of control of promised products or services (“performance obligations”) to customers in an amount that reflects the considerationtheCompanyhasreceivedorexpectstoreceiveinexchangefortheseproductsorservices(“transactionprice”).Whenthereisuncertainty as to collectability, revenue recognition is postponed until such uncertainty is resolved. TheCompanyassessestheservicespromisedinacontractandidentifiesdistinctperformanceobligationsinthecontract.TheCompanyallocatesthe transactionpricetoeachdistinctperformanceobligationbasedontherelativestandalonesellingprice.Thepricethatisregularlychargedforanitem whensoldseparatelyisthebestevidenceofitsstandalonesellingprice.Intheabsenceofsuchevidence,theprimarymethodusedtoestimatestandalone |\n| sellingpriceistheexpectedcostplusamargin,underwhichtheCompanyestimatesthecostofsatisfyingtheperformanceobligationandthenaddsan appropriate margin based on similar services. The Company’s contracts may include variable consideration including rebates, volume discounts and penalties. The Company includes variable |\n| considerationaspartoftransactionpricewhenthereisabasistoreasonablyestimatetheamountofthevariableconsiderationandwhenitisprobable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is resolved. Revenueontime-and-materialandunitofworkbasedcontracts,arerecognizedastherelatedservicesareperformed.Fixedpricemaintenancerevenueis recognizedratablyeitheronastraight-linebasiswhenservicesareperformedthroughanindefinitenumberofrepetitiveactsoveraspecifiedperiodor ratablyusingapercentageofcompletionmethodwhenthepatternofbenefitsfromtheservicesrenderedtothecustomerandCompany’scoststofulfil thecontractisnoteventhroughtheperiodofcontractbecausetheservicesaregenerallydiscreteinnatureandnotrepetitive.Revenuefromotherfixed- price,fixed-timeframecontracts,wheretheperformanceobligationsaresatisfiedovertimeisrecognizedusingthepercentage-of-completionmethod. Effortsorcostsexpendedareusedtodetermineprogresstowardscompletionasthereisadirectrelationshipbetweeninputandproductivity.Progress |\n| towardscompletionismeasuredastheratioofcostsoreffortsincurredtodate(representingworkperformed)totheestimatedtotalcostsorefforts. Estimatesoftransactionpriceandtotalcostsoreffortsarecontinuouslymonitoredoverthetermofthecontractsandarerecognizedinnetprofitinthe periodwhentheseestimateschangeorwhentheestimatesarerevised.Revenuesandtheestimatedtotalcostsoreffortsaresubjecttorevisionasthe contractprogresses.Provisionsforestimatedlosses,ifany,onincompletecontractsarerecordedintheperiodinwhichsuchlossesbecomeprobable based on the estimated efforts or costs to complete the contract. Thebillingschedulesagreedwithcustomersincludeperiodicperformancebasedbillingand/ormilestonebasedprogressbillings.Revenuesinexcessof |\n| billing are classified as unbilled revenue while billing in excess of revenues are classified as contract liabilities (which we refer to as \"unearned revenues\"). Inarrangementsforsoftwaredevelopmentandrelatedservicesandmaintenanceservices,byapplyingtherevenuerecognitioncriteriaforeachdistinct performance obligation, the arrangements with customers generally meet the criteria for considering software development and related services as distinctperformanceobligations.Forallocatingthetransactionprice,theCompanymeasurestherevenueinrespectofeachperformanceobligationofa |\n| contractatitsrelativestandalonesellingprice.Thepricethatisregularlychargedforanitemwhensoldseparatelyisthebestevidenceofitsstandalone sellingprice.IncaseswheretheCompanyisunabletodeterminethestandalonesellingprice,theCompanyusestheexpectedcostplusmarginapproach inestimatingthestandalonesellingprice.Forsoftwaredevelopmentandrelatedservices,theperformanceobligations aresatisfied asand whenthe services are rendered since the customer generally obtains control of the work as it progresses. Certaincloudandinfrastructureservicescontractsincludemultipleelementswhichmaybesubjecttootherspecificaccountingguidance,suchasleasing guidance.Thesecontractsareaccountedinaccordancewithsuchspecificaccountingguidance.InsucharrangementswheretheCompanyisableto determinethathardwareandservicesaredistinctperformanceobligations,itallocatestheconsiderationtotheseperformanceobligationsonarelative |\n| standalonesellingpricebasis.Intheabsenceofstandalonesellingprice,theCompanyusestheexpectedcost-plusmarginapproachinestimatingthe standalonesellingprice.Whensucharrangementsareconsideredasasingleperformanceobligation,revenueisrecognizedovertheperiodandmeasure of progress is determined based on promise in the contract. Revenuefromlicenseswherethecustomerobtainsa“righttouse”thelicensesisrecognizedatthetimethelicenseismadeavailabletothecustomer. |\n| Revenue from licenses where the customer obtains a “right to access” is recognized over the access period. Arrangements to deliver software products generally have three elements: license, implementation and Annual Technical Services (ATS). When implementationservicesareprovidedinconjunctionwiththelicensingarrangementandthelicenseandimplementationhavebeenidentified astwo distinctseparateperformanceobligations,thetransactionpriceforsuchcontractsareallocatedtoeachperformanceobligationofthecontractbasedon theirrelativestandalonesellingprices.Intheabsenceofstandalonesellingpriceforimplementation,theCompanyusestheexpectedcostplusmargin approachinestimatingthestandalonesellingprice.Wherethelicenseisrequiredtobesubstantiallycustomizedaspartoftheimplementationservicethe |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 264, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d334d2a2cc205d04", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 265\n\n| whetheritobtainscontrolofthespecifiedgoodsorservicesbeforetheyaretransferredtothecustomer.TheCompanyconsiderswhetheritisprimarily responsibleforfulfillingthepromisetoprovidethespecifiedgoodsorservices,inventoryrisk,pricingdiscretionandotherfactorstodeterminewhether it controls the specified goods or services and therefore, is acting as a principal or an agent. Acontractmodificationisachangeinthescopeorpriceorbothofacontractthatisapprovedbythepartiestothecontract.Acontractmodificationthat results in the addition ofdistinct performance obligations are accounted for either as a separate contract ifthe additionalservices are priced at the |\n|---|\n| standalonesellingpriceorasaterminationoftheexistingcontractandcreationofanewcontractiftheyarenotpricedatthestandalonesellingprice.If the modification does not result in a distinct performance obligation, it is accounted for as part of the existing contract on a cumulative catch-up basis. Theincrementalcostsofobtainingacontract(i.e.,coststhatwouldnothavebeenincurredifthecontracthadnotbeenobtained)arerecognizedasan |\n| asset if the Company expects to recover them. Certain eligible, nonrecurring costs (e.g. set-up or transition or transformation costs) that do not represent a separate performance obligation are recognizedasanassetwhensuchcosts(a)relatedirectlytothecontract;(b)generateorenhanceresourcesoftheCompanythatwillbeusedinsatisfying |\n| the performance obligation in the future; and (c) are expected to be recovered. Capitalizedcontractcostsrelatingtoupfrontpaymentstocustomersareamortizedtorevenueandothercapitalizedcostsareamortizedtoexpensesover therespectivecontractlifeonasystematicbasisconsistentwiththetransferofgoodsorservicestocustomertowhichtheassetrelates.Capitalizedcosts |\n| aremonitoredregularlyforimpairment.Impairmentlossesarerecordedwhenpresentvalueofprojectedremainingoperatingcashflowsisnotsufficient to recover the carrying amount of the capitalized costs. The Company presents revenues net of indirect taxes in its Statement of Profit and Loss. Revenue from operations for the three months and year ended March 31, 2025 and March 31, 2024 is as follows: |\n| (In ₹ crore) Particulars Three months ended March 31, Year ended March 31, 2025 2024 2025 2024 Revenue from software services 33,876 31,940 135,525 128,637 |\n| Revenue from products and platforms 260 61 1,067 296 Total revenue from operations 34,136 32,001 136,592 128,933 Thepercentageofrevenuefromfixed-pricecontractsforthethreemonthsendedMarch31,2025andMarch31,2024is58%and57%,respectively.The |\n| percentage of revenue from fixed-price contracts for the year ended March 31, 2025 and March 31, 2024 is 58% and 56%, respectively. |\n| Trade receivables and Contract Balances The timing of revenue recognition, billings and cash collections results in receivables, unbilled revenue, and unearned revenue on the Company’s BalanceSheet.Amountsarebilledasworkprogressesinaccordancewithagreed-uponcontractualterms,eitheratperiodicintervals(e.g.,monthlyor |\n| quarterly) or upon achievement of contractual milestones. TheCompany’sreceivablesarerightstoconsiderationthatareunconditional. Unbilledrevenuescomprisingrevenuesinexcessofbillingsfromtime |\n| andmaterialcontractsandfixedpricemaintenancecontractsareclassifiedasfinancialassetwhentherighttoconsiderationisunconditionalandisdue only after a passage of time. Invoicingtotheclientsforotherfixedpricecontractsisbasedonmilestonesasdefinedinthecontractandthereforethetimingofrevenuerecognitionis differentfromthetimingofinvoicingtothecustomers.Thereforeunbilledrevenuesforotherfixedpricecontracts(contractasset)areclassifiedasnon- |\n| financial asset because the right to consideration is dependent on completion of contractual milestones. Invoicing in excess of earnings are classified as unearned revenue. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 265, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "b7c450819aeb1b4a", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 266\n\n| 2.18 OTHER INCOME, NET |\n|---|\n| 2.18.1 Other income Accounting Policy Otherincomeiscomprisedprimarilyofinterestincome,dividendincome,gain/lossoninvestmentsandexchangegain/lossonforwardandoptionscontractsandon |\n| translationofforeigncurrencyassetsandliabilities.Interestincomeisrecognizedusingtheeffectiveinterestmethod.Dividendincomeisrecognizedwhentherightto receive payment is established. |\n| 2.18.2 Foreign currency |\n| Accounting Policy Functional currency |\n| The functional currency of the Company is the Indian rupee. These financial statements are presented in Indian rupees (rounded off to crore; one crore equals ten million). Transactions and translations Foreign-currencydenominatedmonetaryassetsandliabilitiesaretranslatedintotherelevantfunctionalcurrencyatexchangeratesineffectattheBalanceSheetdate.The gainsorlossesresultingfromsuchtranslationsarerecognizedinthecondensedstandaloneStatementofProfitandLossandreportedwithinexchangegains/(losses)on |\n| translationofassetsandliabilities,net,exceptwhendeferredinOtherComprehensiveIncomeasqualifyingcashflowhedges.Non-monetaryassetsandnon-monetary liabilitiesdenominatedinaforeigncurrencyandmeasuredatfairvaluearetranslatedattheexchangerateprevalentatthedatewhenthefairvaluewasdetermined.Non- monetaryassetsandnon-monetaryliabilitiesdenominatedinaforeigncurrencyandmeasuredathistoricalcostaretranslatedattheexchangerateprevalentatthedateofthe transaction. The related revenue and expense are recognized using the same exchange rate. Transactiongainsorlossesrealizeduponsettlementofforeigncurrencytransactionsareincludedindeterminingnetprofitfortheperiodinwhichthetransactionissettled. |\n| Revenue,expenseandcash-flowitemsdenominatedinforeigncurrenciesaretranslatedintotherelevantfunctionalcurrenciesusingtheexchangerateineffectonthedateof the transaction. OtherComprehensiveIncome,netoftaxesincludestranslationdifferencesonnon-monetaryfinancialassetsmeasuredatfairvalueatthereportingdate,suchasequities |\n| classified as financial instruments and measured at fair value through other comprehensive income (FVOCI). |\n| Government grant TheCompanyrecognizesgovernmentgrantsonlywhenthereisreasonableassurancethattheconditionsattachedtothemshallbecompliedwith,andthegrantswillbe received.GovernmentgrantsrelatedtoassetsaretreatedasdeferredincomeandarerecognizedinthenetprofitintheStatementofProfitandLossonasystematicand |\n| rationalbasisovertheusefullifeoftheasset.GovernmentgrantsrelatedtorevenuearerecognizedonasystematicbasisinthenetprofitintheStatementofProfitandLoss over the periods necessary to match them with the related costs which they are intended to compensate. Other income for the three months and year ended March 31, 2025 and March 31, 2024 is as follows: (In ₹ crore) Particulars Three months ended March 31, Year ended March 31, 2025 2024 2025 2024 Interest income on financial assets carried at amortized cost Tax free bonds and government bonds 30 30 121 131 Deposit with Bank and others 287 160 1,051 665 Interest income on financial assets carried at fair value through other comprehensive income Non-convertible debentures, commercial papers, certificates of deposit and 294 297 1,005 898 government securities |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 266, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "79941fbf0e491645", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 267\n\n| ofemploymentwiththeCompany.TheCompanycontributesGratuityliabilitiestotheInfosysLimitedEmployees'GratuityFundTrust(theTrust).Trusteesadminister contributions made to the Trusts and contributions are invested in a scheme with the Life Insurance Corporation of India as permitted by Indian law. TheCompanyoperatesdefinedbenefitpensionplanincertainoverseasjurisdictions,inaccordancewiththelocallaws.Theseplansaremanagedbythirdpartyfund |\n|---|\n| managers.Theplansprovideforperiodicpayoutsafterretirementand/orforalumpsumpaymentassetoutinrulesofeachfundandincludesdeathanddisabilitybenefits. The defined benefit plans require contributions which are based on a percentage of salary that varies depending on the age of the respective employees. Liabilitieswithregardtothesedefinedbenefitplansaredeterminedbyactuarialvaluation,performedbyanexternalactuary,ateachBalanceSheetdateusingtheprojected |\n| unit credit method. These defined benefit plans expose the Company to actuarial risks, such as longevity risk, interest rate risk and market risk. TheCompanyrecognizesthenetobligationofadefinedbenefitplaninitsBalanceSheetasanassetorliability.Gainsandlossesthroughre-measurementsofthenetdefined benefitliability/(asset)arerecognizedinothercomprehensiveincomeandarenotreclassifiedtoprofitorlossinsubsequentperiods.Theactualreturnoftheportfolioofplan |\n| assets,inexcessoftheyieldscomputedbyapplyingthediscountrateusedtomeasurethedefinedbenefitobligationisrecognizedinothercomprehensiveincome.Theeffect of any plan amendments is recognized in net profit in the Statement of Profit and Loss. |\n| 2.19.2 Provident fund Eligible employees of Infosys receive benefits from a provident fund, which is a defined benefit plan. Both the eligible employee and the Company make monthly contributions totheprovidentfund plan equaltoaspecified percentageofthecovered employee's salary. TheCompanycontributes aportion tothe Infosys Limited |\n| Employees'ProvidentFundTrust.ThetrustinvestsinspecificdesignatedinstrumentsaspermittedbyIndianlaw.Theremainingportioniscontributedtothegovernment administeredpensionfund.TherateatwhichtheannualinterestispayabletothebeneficiariesbythetrustisbeingadministeredbytheGovernmentofIndia.TheCompany has an obligation to make good the shortfall, if any, between the return from the investments of the Trust and the notified interest rate. |\n| 2.19.3 Superannuation CertainemployeesofInfosysareparticipantsinadefinedcontributionplan.TheCompanyhasnofurtherobligationstothePlanbeyonditsmonthlycontributionswhichare |\n| periodically contributed to a trust fund, the corpus of which is invested with the Life Insurance Corporation of India. |\n| 2.19.4 Compensated absences TheCompanyhas apolicyon compensated absences which areboth accumulatingand non-accumulatingin nature. Theexpected costof accumulatingcompensated absencesisdeterminedbyactuarialvaluationperformedbyanexternalactuaryateachBalanceSheetdateusingprojectedunitcreditmethodontheadditionalamount expectedtobepaid/availedasaresultoftheunusedentitlementthathasaccumulatedattheBalanceSheetdate.Expenseonnon-accumulatingcompensatedabsencesis recognized in the period in which the absences occur. (In ₹ crore) Particulars Three months ended March 31, Year ended March 31, 2025 2024 2025 2024 Employee benefit expenses Salaries including bonus 16,430 15,349 64,296 62,383 Contribution to provident and other funds 535 470 2,080 1,972 Share based payments to employees (Refer to note 2.11) 176 198 712 575 Staff welfare 118 30 378 209 17,259 16,047 67,466 65,139 Cost of software packages and others For own use 513 420 1,947 1,635 Third party items bought for service delivery to clients 1,629 1,678 7,670 5,256 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 267, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "0d70324ef19baf4b", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 268\n\n| 2.20 EARNING | S PER EQUITY SHARE |\n|---|---|\n| Accounting Pol Basicearningsp outstandingduri numberofequit | icy erequityshareiscomputedbydividingthenetprofitattributabletotheequityholdersoftheCompanybytheweightedaveragenumberofequityshares ngtheperiod.DilutedearningsperequityshareiscomputedbydividingthenetprofitattributabletotheequityholdersoftheCompanybytheweightedaverage ysharesconsideredforderivingbasicearningsperequityshareandalsotheweightedaveragenumberofequitysharesthatcouldhavebeenissuedupon |\n| conversionofall (i.e.theaverage date. Dilutive po Thenumberofe | dilutivepotentialequityshares.Thedilutivepotentialequitysharesareadjustedfortheproceedsreceivablehadtheequitysharesbeenactuallyissuedatfairvalue marketvalueoftheoutstandingequityshares).Dilutivepotentialequitysharesaredeemedconvertedasatthebeginningoftheperiod,unlessissuedatalater tential equity shares are determined independently for each period presented. quitysharesandpotentiallydilutiveequitysharesareadjustedretrospectivelyforallperiodspresentedforanysharesplitsandbonussharesissuesincludingfor |\n| changes effected | prior to the approval of the financial statements by the Board of Directors. |\n| 2.21 CONTING | ENT LIABILITIES AND COMMITMENTS |\n| Accounting Pol Contingentliabil futureeventsno resources embod Particulars Contingent liab Claims against th | icy ityisapossibleobligationarisingfrompasteventsandwhoseexistencewillbeconfirmedonlybytheoccurrenceornon-occurrenceofoneormoreuncertain twhollywithinthecontroloftheentityorapresentobligationthatarisesfrompasteventsbutisnotrecognizedbecauseitisnotprobablethatanoutflowof ying economic benefits will be required to settle the obligation or the amount of the obligation cannot be measured with sufficient reliability. (In ₹ crore) As at March 31, 2025 March 31, 2024 ilities: e Company, not acknowledged as debts(1) 1,772 2,649 |\n| [Amount paid to Commitments: Estimated amou (net of advances Other Commitm * Uncalled capit (1)AsatMarch crore, respective Theclaimsagain issuesofdisallo | statutory authorities ₹3,815 crore (₹8,283 crore)] nt of contracts remaining to be executed on capital contracts and not provided for 868 688 and deposits)(2) ents* 27 5 al pertaining to investments 31,2025andMarch31,2024,claimsagainsttheCompanynotacknowledgedasdebtsinrespectofincometaxmattersamountedto₹1,290croreand₹2,260 ly. sttheCompanyprimarilyrepresentdemandsarisingoncompletionofassessmentproceedingsundertheIncomeTaxAct,1961.Theseclaimsareonaccountof wanceofexpendituretowardssoftwarebeingheldascapitalinnature,paymentsmadetoAssociatedEnterprisesheldasliableforwithholdingoftaxes,among |\n| others.Thesem resolution and w Amount paid to | attersarependingbeforevariousIncomeTaxAuthoritiesandtheManagementincludingitstaxadvisorsexpectthatitspositionwilllikelybeupheldonultimate ill not have a material adverse effect on the Company's financial position and results of operations. statutory authorities against the tax claims amounted to ₹3,810 crore and ₹8,273 crore as at March 31, 2025 and March 31, 2024, respectively. |\n| (2) Capital contra | cts primarily comprises of commitments for infrastructure facilities and computer equipments. |\n| Legal Proceedin TheCompanyis | gs subjecttolegalproceedingsandclaims,whichhavearisenintheordinarycourseofbusiness.TheCompany’smanagementreasonablyexpectsthatsuchordinary |\n| course legal acti | ons, when ultimately concluded and determined, will not have a material and adverse effect on the Company’s results of operations or financial condition. |\n| 2.22 RELATED Refer to the Com Changes in Sub During the year - - - - - - | PARTY TRANSACTIONS pany's Annual Report for the year ended March 31, 2025 for the full names and other details of the Company's subsidiaries and controlled trusts. sidiaries ended March 31, 2025, the following are the changes in the subsidiaries: Danske IT and Support Services India Private Limited renamed as IDUNN Information Technology Private Limited On May 10, 2024 Infosys Ltd. acquired 100% of voting interests in InSemi Technology Services Private Limited along with its subsidiary Elbrus Labs Private Limited Infosys Services (Thailand) Limited, a Wholly-owned subsidiary of Infosys Limited was incorporated on July 26, 2024. Infy tech SAS, a Wholly-owned subsidiary of Infosys Singapore Pte Limited was incorporated on July 03, 2024. OnJuly17,2024,InfosysGermanyGmbH,awhollyownedsubsidiaryofInfosysSingaporePte.Limited,acquired100%ofvotinginterestsinin-techHolding GmbHalongwithitssubsidiaryin-techGmbHalongwithitssixsubsidiariesin-techAutomotiveEngineeringSL,ProIT,in-techAutomotiveEngineeringdeR.L. deC.V,drivetechFahrversuchGmbH,FriedrichWagnerHoldingIncalongwithitstwosubsidiaries(in-techAutomotiveEngineeringLLCandin-techServices LLC)and Friedrich&WagnerAsiaPacificGmbHalongwithitsfivesubsidiariesin-techengineerings.r.o,in-techengineeringGmbH,in-techengineering servicesS.R.L,in-techGroupLtdalongwithitssubsidiary(in-techGroupIndiaPrivateLimited)andIn-techAutomotiveEngineeringShenyangCo.,Ltdalong withitssubsidiary(In-techAutomotiveEngineeringBejingCo.,Ltd).SubsequentlyonSeptember01,2024in-techGroupIndiaPrivateLimitedbecameawholly- owned subsidiary of Infosys limited. On October 17, 2024, Infosys Singapore Pte Ltd. acquired 100% of voting interests in Blitz 24-893 SE ,Germany |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 268, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "0dfd18a32e04bb00", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 269\n\n| 31, 2024 are with its subsidiaries with whom the Company generally enters into transactions which are at arms length and in the ordinary course of business. Change in key management personnel |\n|---|\n| The following are the changes in the key management personnel: Executive Officers: |\n| - Jayesh Sanghrajka (appointed as Chief Financial Officer effective April 1, 2024) Transactions with key management personnel The table below describes the compensation to key management personnel which comprise directors and executive officers: (In ₹ crore) Particulars Three months ended March 31, Year ended March 31, |\n| 2025 2024 2025 2024 Salaries and other short term employee benefits to whole-time directors and executive 3 3 3 0 1 18 1 13 officers(1)(2) Commission and other benefits to non-executive / independent directors 5 5 1 9 1 7 Total 3 8 3 5 1 37 1 30 ⁽¹⁾TotalemployeestockcompensationexpenseforthethreemonthsendedMarch31,2025andMarch31,2024includesachargeof ₹18croreand17crore,respectively, towardskeymanagementpersonnel.FortheyearendedMarch31,2025andMarch31,2024,includesachargeof₹70croreand₹68crorerespectively,towardskey management personnel. (Refer to note 2.11). |\n| (2) Does not include post-employment benefits and other long-term benefits based on actuarial valuation as these are done for the Company as a whole. 2.23 SEGMENT REPORTING TheCompanypublishesthisfinancialstatementalongwiththeinterimcondensedconsolidatedfinancialstatements.InaccordancewithIndAS108,OperatingSegments,the |\n| Company has disclosed the segment information in the interim condensed consolidated financial statements. |\n| for and on behalf of the Board of Directors of Infosys Limited Nandan M. Nilekani Salil Parekh Bobby Parikh Chairman Chief Executive Officer Director |\n| DIN: 00041245 and Managing Director DIN: 00019437 DIN: 01876159 Bengaluru Jayesh Sanghrajka A.G.S. Manikantha April 17, 2025 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 269, "section": "INFOSYS LIMITED\nCondensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "b1f8245a894da243", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 281\n\n| solid | ated Statemen | t of Changes in Equity …………………………………………………………………………………………3………………………….. |\n|---|---|---|\n| solid | ated Statemen | t of Cash Flows …………………………………………………………………………………………………5………………….. |\n| rvie | w and notes t | o the consolidated financial statements |\n| verv | iew |  |\n| 1.1 C | ompany over | view ……………………………………………………………………………………………………………7……….. |\n| 1.2 B | asis of prepar | ation of financial statements ……………………………………………………………………………………7…………………………… |\n| 1.3 B | asis of consol | idation …………………………………………………………………………………………………………7………….. |\n| 1.4 U | se of estimate | s and judgments ………………………………………………………………………………………………7…………………….. |\n| 1.5 C | ritical accoun | ting estimates and judgments……………………………………………………………………………………7…………………………… |\n| otes | to the consol | idated financial statements |\n| 2.1 B | usiness Comb | inations …………………………………………………………………………………………………………9…………………………… |\n| 2.2 P | roperty, plant | and equipment …………………………………………………………………………………………………11………………….. |\n| 2.3 C | apital work-i | n-progress….........................................................................................................................................................12 |\n| 2.4 G | oodwill and i | ntangible assets…………………………………………………………………………………………………13………………….. |\n| 2.5 I | nvestments … | …………………………………………………………………………………………………………………1…5 …………………….. |\n| 2.6 L | oans ……… | …………………………………………………………………………………………………………………1…7……………….. |\n| 2.7 O | ther financial | assets …………………………………………………………………………………………………………1…7…………………………… |\n| 2.8 T | rade receivab | les ………………………………………………………………………………………………………………17……………………………. |\n| 2.9 C | ash and cash | equivalents ……………………………………………………………………………………………………1…9…………………………… |\n| 2.10 | Other assets | …………………………………………………………………………………………………………………1…9……………………….. |\n| 2.11 | Financial inst | ruments …………………………………………………………………………………………………………20…………………………… |\n| 2.12 | Equity ……… | …………………………………………………………………………………………………………………28………………….. |\n| 2.13 | Other financi | al liabilities ……………………………………………………………………………………………………3…3…………………………… |\n| 2.14 | Trade Payabl | es ………………….......…………………………………………………………………………………….....3..3.. |\n| 2.15 | Other liabiliti | es ………………………………………………………………………………………………………………3…3………………………….. |\n| 2.16 | Provisions … | …………………………………………………………………………………………………………………3…4 …………………….. |\n| 2.17 | Income taxes | …………………………………………………………………………………………………………………3…5 ……………………….. |\n| 2.18 | Revenue from | operations ……………………………………………………………………………………………………3…8…………………………… |\n| 2.19 | Other income | , net ……………………………………………………………………………………………………………4…0…………………………… |\n| 2.20 | Expenses … | ……………………………………………………………………………………………………………………40…………………….. |\n| 2.21 | Leases ……… | …………………………………………………………………………………………………………………41………………….. |\n| 2.22 | Employee ben | efits …………………………………………………………………………………………………...............4..3.. |\n| 2.23 | Earnings per | equity share ……………………………………………………………………………………………………4…8…………………………… |\n| 2.24 | Contingent lia | bilities and commitments …………………………………………………………………………………....49 |\n| 2.25 | Related party | transactions ……………………………………………………………………………………………………5…0 ………………………… |\n| 2.26 | Segment repo | rting ……………………………………………………………………………………………………………5…6 ………………………… |\n| 2.27 | Function wise | classification of Consolidated Statement of Profit and Loss …………………………………………………5…7 ………………………… |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 281, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "fe37f6b44bf4481b", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 282\n\n| XINFOSYS LI Consolidated Ba ASSETS Non-current ass Property, plant an Right-of-use asse Capital work-in-p Goodwill | MITED A lance Sheets ets d equipment ts rogress | ND SUBSIDIAR as at | IES | N 2.4. | ote No. March 3 2.2 2.21 2.3 1 and 2.1 | 1, 2025 11,778 6,311 814 10,106 | (In ₹ March 3 | crore ) 1, 2024 12,370 6,552 293 7,303 |\n|---|---|---|---|---|---|---|---|---|\n| Other intangible Financial assets Investments Loans Other financial Deferred tax asse Income tax assets Other non-curren Total non-curre Current assets Financial assets Investments Trade receivab Cash and cash Loans | assets assets ts (net) (net) t assets nt assets les equivalents |  |  |  | 2.4.2 2.5 2.6 2.7 2.17 2.17 2.10 2.5 2.8 2.9 2.6 | 2,766 11,059 16 3,511 1,108 1,622 2,713 51,804 12,482 31,158 24,455 249 |  | 1,397 11,708 34 3,105 454 3,045 2,121 48,382 12,915 30,193 14,786 248 |\n| Other financial Income tax assets Other current ass Total current as Total assets EQUITY AND L Equity Equity share capi Other equity | assets (net) ets sets IABILITIE tal | S |  |  | 2.7 2.17 2.10 2.12 | 13,840 2,975 11,940 97,099 148,903 2,073 93,745 |  | 12,085 6,397 12,808 89,432 137,814 2,071 86,045 |\n| Total equity attr Non-controlling i Total equity Liabilities Non-current liab Financial Liabiliti Lease liabilities | ibutable to e nterests ilities es | quity holders of the | Company |  | 2.21 | 95,818 385 96,203 5,772 |  | 88,116 345 88,461 6,400 |\n| Other financial Deferred tax liabi Other non-curren Total non-curre Current liabiliti Financial Liabiliti Lease liabilities Trade payables Other financial | liabilities lities (net) t liabilities nt liabilities es es liabilities |  |  |  | 2.13 2.17 2.15 2.21 2.14 2.13 | 2,141 1,722 215 9,850 2,455 4,164 18,138 |  | 2,130 1,794 235 10,559 1,959 3,956 16,959 |\n| Other current liab Provisions Income tax liabili Total current lia Total equity and The accompanyin As per our report for Deloitte Hask | ilities ties (net) bilities liabilities g notes form of even date ins & Sells L | an integral part of th attached LP | e consolidated financial statements for and on behalf of the Board of Directors of Infosy | s Limited | 2.15 2.16 2.17 | 11,765 1,475 4,853 42,850 148,903 |  | 10,539 1,796 3,585 38,794 137,814 |\n| Chartered Accou Firm’s Registrati 117366W/ W-10 Vikas Bagaria Partner | ntants on No : 0018 |  | Nandan M. Nilekani Chairman | Salil Pare Chief Exe | kh cutive Officer |  | Bobby Parikh Director |  |\n| Membership No. Bengaluru April 17, 2025 | 060408 |  | DIN: 00041245 Jayesh Sanghrajka | and Mana DIN: 018 A.G.S. M | ging Director 76159 anikantha |  | DIN: 00019437 |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 282, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ecd8c03e291a4066", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 283\n\n| XINFOSYS LI | MITED A | ND SUBSIDI | ARIES |  | (In ₹ crore, except equity | share and per | equi | ty share data) |\n|---|---|---|---|---|---|---|---|---|\n| Consolidated St Revenue from op | atement of P erations | rofit and Loss fo | r the | No | te No. 2.18 | Year ended 2025 162,990 | Ma | rch 31, 2024 153,670 |\n| Other income, ne Total income Expenses Employee benefit Cost of technical Travel expenses Cost of software Communication e Consultancy and Depreciation and | t expenses sub-contracto packages and xpenses professional c amortization | rs others harges expenses | 2.2, | 2.4 | 2.19 2.22 2.20 .2 and 2.21 | 3,600 166,590 85,950 12,937 1,894 15,911 620 1,655 4,812 |  | 4,711 158,381 82,620 12,232 1,759 13,515 677 1,726 4,678 |\n| Finance cost Other expenses Total expenses Profit before tax Tax expense: Current tax Deferred tax Profit for the pe Other comprehe Items that will no Remeasurement Equity instrumen | riod nsive income t be reclassifi of the net defi ts through oth | ed subsequently t ned benefit liabili er comprehensiv | o profit or loss ty/asset, net e income, net |  | 2.20 2.17 2.17 2.22 2.5 | 416 4,787 128,982 37,608 12,130 (1,272) 26,750 (92) 19 |  | 470 4,716 122,393 35,988 8,390 1,350 26,248 120 19 |\n| Items that will be Fair value change Exchange differe Fair value change | reclassified s s on derivativ nces on transl s on investme | ubsequently to p es designated as ation of foreign o nts, net | rofit or loss cash flow hedge, net perations |  | 2.11 2.5 | (73) (24) 357 199 |  | 139 11 226 144 |\n| Total other com Total comprehe | prehensive in nsive income | come /(loss), ne for the period | t of tax |  |  | 532 459 |  | 381 520 |\n| Profit attributab Owners of the Non-controllin Total comprehe Owners of the Non-controllin Earnings per eq Equity shares of Basic (₹) | le to: Company g interests nsive income Company g interests uity share par value ₹5/- | attributable to: each |  |  | 2.23 | 27,209 26,713 37 26,750 27,167 42 27,209 64.50 |  | 26,768 26,233 15 26,248 26,754 14 26,768 63.39 |\n| Diluted (₹) Weighted averag Basic (in sha Diluted (in s The accompanyin As per our report for Deloitte Hask Chartered Accou Firm’s Registrati 117366W/ W-10 | e equity share res) hares) g notes form of even date ins & Sells L ntants on No : 0018 | s used in comput an integral part attached LP | ing earnings per equity share of the consolidated financial statements for and on behalf of the Board of Directors o | f In | 2.23 2.23 2.23 fosys Limited | 64.34 4,141,611,738 4,152,051,184 |  | 63.29 4,138,568,090 4,144,680,425 |\n| Vikas Bagaria Partner |  |  | Nandan M. Nilekani Chairman | Sali Chi | l Parekh ef Executive Officer |  | Bob Dire | by Parikh ctor |\n| Membership No. | 060408 |  | DIN: 00041245 | and DIN | Managing Director : 01876159 |  | DIN: | 00019437 |\n| Bengaluru |  |  | Jayesh Sanghrajka | A.G | .S. Manikantha |  |  |  |\n| April 17, 2025 |  |  | Chief Financial Officer | Co | mpany Secretary |  |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 283, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "9ea2d7d57b73e544", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 285\n\n| Shares issued on exercise of employee stock options (Refer to Note 2.12) 2 — — 4 — — — — — — — — — 6 — 6 Employee stock compensation expense (Refer to Note 2.12) — — — — — — 785 — — — — — — 785 — 785 Transferred on account of exercise of stock options (Refer to Note 2.12) — — — 471 — — (471) — — — — — — — — — Transferred on account of options not exercised — — — — — 198 (198) — — — — — — — — — Income tax benefit arising on exercise of stock options — — — — — — 39 — — — — — — 39 — 39 Transfer to legal reserve — — — — (2) — — — 2 — — — — — — — Dividends (1) — — — — (20,295) — — — — — — — — (20,295) — (20,295 Dividends paid to non controlling interest of subsidiary — — — — — — — — — — — — — — (2) (2 Transferred to Special Economic Zone Re-investment reserve — — — — (74) — — 74 — — — — — — — — Transferred from Special Economic Zone Re-investment reserve to retained — — — — 2,999 — — (2,999) — — — — — — — — earnings Transferred from Special Economic Zone Re-investment reserve on utilization — — — — 881 — — (881) — — — — — — — — Balance as at March 31, 2025 2,073 54 169 1,091 78,627 1,412 1,068 8,298 24 285 2,904 (18) (169) 95,818 385 96,203 * Net of tax (1)Net of treasury shares (2)TheSpecialEconomicZoneRe-investmentReservehasbeencreatedoutoftheprofitofeligibleSEZunitsintermsoftheprovisionsofSec10AA(1)(ii)ofIncomeTaxAct,1961.ThereserveshouldbeutilizedbytheGroupforacquiringnewplantandmachineryforthepurposeofitsbusinessinthetermsoftheSec 10AA(2) of the Income Tax Act, 1961. (3)UndertheSwissCodeofObligation,fewsubsidiariesofInfosysConsultingarerequiredtoappropriateacertainpercentageoftheannualprofittolegalreservewhichmaybeusedonlytocoverlossesorformeasuresdesignedtosustaintheCompanythroughdifficulttimes,topreventunemploymentortomitigateits consequences. The accompanying notes form an integral part of the consolidated financial statements. As per our report of even date attached for Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited Chartered Accountants Firm’s Registration No : 117366W/ W-100018 Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director |\n|---|\n| Membership No. 060408 DIN: 00041245 and Managing Director DIN: 00019437 DIN: 01876159 Bengaluru Jayesh Sanghrajka A.G.S. Manikantha Chief Financial Officer Company Secretary |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 285, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "facb30925f469ff8", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 287\n\n| Cash and cash e Cash and cash e Supplementary i Restricted cash b The accompanyin As per our report for Deloitte Hask Chartered Accou Firm’s Registrati 117366W/ W-10 Vikas Bagaria Partner | quivalents quivalents nformatio alance g notes for of even da ins & Sells ntants on No : 0018 | at the beginn at the end of n: m an integral te attached LLP | ing the pa | of the period period rt of the consolidated for and on behalf of t Nandan M. Nilekani Chairman | financial statement he Board of Directo | 2.9 2.9 2.9 s rs | of Infosys Limited Salil Parekh Chief Executive Office | 14,786 24,455 424 r | Bobby P Director | 12,173 14,786 348 arikh |\n|---|---|---|---|---|---|---|---|---|---|---|\n| Membership No. | 060408 |  |  | DIN: 00041245 |  |  | and Managing Directo DIN: 01876159 | r | DIN: 00 | 019437 |\n| Bengaluru |  |  |  | Jayesh Sanghrajka |  |  | A.G.S. Manikantha |  |  |  |\n| April 17, 2025 |  |  |  | Chief Financial Offic | er |  | Company Secretary |  |  |  |\n|  |  |  |  |  |  |  | Membership No. A219 | 18 |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 287, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "568c0ee5090c2b78", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 288\n\n| INFOSYS LIMITED AND SUBSIDIARIES Overview and notes to the Consolidated Financial Statements |\n|---|\n| 1. Overview |\n| 1.1 Company overview InfosysLimited('theCompany'orInfosys)providesconsulting,technology,outsourcingandnext-generationdigitalservices,toenableclientstoexecute strategiesfortheirdigitaltransformation.Infosysstrategicobjectiveistobuildasustainableorganizationthatremainsrelevanttotheagendaofclients,while |\n| creatinggrowthopportunitiesforemployeesandgeneratingprofitablereturnsforinvestors.Infosysstrategyistobeanavigatorforourclientsastheyideate, plan and execute on their journey to a digital future. Infosys together with its subsidiaries and controlled trusts is hereinafter referred to as the \"Group\". TheCompanyisapubliclimitedcompanyincorporatedanddomiciledinIndiaandhasitsregisteredofficeatElectronicscity,HosurRoad,Bengaluru |\n| 560100,Karnataka,India.TheCompanyhasitsprimarylistingsontheBSELtd.andNationalStockExchangeofIndiaLimited.TheCompany’sAmerican Depositary Shares (ADS) representing equity shares are listed on the New York Stock Exchange (NYSE). |\n| The Group's consolidated financial statements are approved for issue by the Company's Board of Directors on April 17, 2025. |\n| 1.2 Basis of preparation of financial statements TheseconsolidatedfinancialstatementsarepreparedinaccordancewiththeprovisionsoftheCompaniesAct,2013(''theAct''),guidelinesissuedbythe SecuritiesandExchangeBoardofIndia(SEBI)andIndianAccountingStandard(IndAS)underthehistoricalcostconventiononaccrualbasisexceptfor |\n| certainfinancialinstrumentswhicharemeasuredatfairvaluesanddefinedbenefitliability/(asset)whichisrecognizedatthepresentvalueofdefinedbenefit obligationlessfairvalueofplanassets.TheIndASareprescribedunderSection133oftheActreadwithRule3oftheCompanies(IndianAccounting Standards) Rules, 2015 and relevant amendment rules issued thereafter. Accounting policies have been consistently applied except where a newly issued accounting standard is initiallyadopted or a revision to an existing |\n| accountingstandardrequiresachangeintheaccountingpolicyhithertoinuse.Thematerialaccountingpolicyinformationusedinpreparationoftheaudited consolidated financial statements have been discussed in the respective notes. Astheyear-endfiguresaretakenfromthesourceandroundedtothenearestdigits,thefiguresreportedforthepreviousquartersmightnotalwaysaddupto |\n| the year-end figures reported in this statement. |\n| 1.3 Basis of consolidation Infosysconsolidatesentitieswhichitownsorcontrols.TheconsolidatedfinancialstatementscomprisethefinancialstatementsoftheCompany,itscontrolled trustsanditssubsidiaries.Controlexistswhentheparenthaspowerovertheentity,isexposed,orhasrightstovariablereturnsfromitsinvolvementwiththe entityandhastheabilitytoaffectthosereturnsbyusingitspowerovertheentity.Powerisdemonstratedthroughexistingrightsthatgivetheabilitytodirect relevantactivities,thosewhichsignificantlyaffecttheentity'sreturns.Subsidiariesareconsolidatedfromthedatecontrolcommencesuntilthedatecontrol ceases. ThefinancialstatementsoftheGroupcompaniesareconsolidatedonaline-by-linebasisandintra-groupbalancesandtransactionsincludingunrealizedgain |\n| /lossfromsuchtransactionsareeliminateduponconsolidation.Thesefinancialstatementsarepreparedbyapplyinguniformaccountingpoliciesinuseatthe Group.Non-controllinginterestswhichrepresentpartofthenetprofitorlossandnetassetsofsubsidiariesthatarenot,directlyorindirectly,ownedor controlled by the Company, are excluded. Refer to Note 2.25 for the list of subsidiaries and controlled trusts of the Company 1.4 Use of estimates and judgments ThepreparationoftheconsolidatedfinancialstatementsinconformitywithIndASrequirestheManagementtomakeestimates,judgmentsandassumptions. Theseestimates,judgmentsandassumptionsaffecttheapplicationofaccountingpoliciesandthereportedamountsofassetsandliabilities,thedisclosuresof contingentassetsandliabilitiesatthedateoftheconsolidatedfinancialstatementsandreportedamountsofrevenuesandexpensesduringtheperiod. The applicationofaccountingpoliciesthatrequirecriticalaccountingestimatesinvolvingcomplexandsubjectivejudgmentsandtheuseofassumptionsinthese |\n| financialstatementshavebeendisclosedinNoteno.1.5.Accountingestimatescouldchangefromperiodtoperiod.Actualresultscoulddifferfromthose estimates. AppropriatechangesinestimatesaremadeasManagementbecomesawareofchangesincircumstancessurroundingtheestimates. Changesin estimatesandjudgementsarereflectedintheconsolidatedfinancialstatementsintheperiodinwhichchangesaremadeand,ifmaterial,theireffectsare disclosed in the notes to the consolidated financial statements. |\n| 1.5 Critical accounting estimates and judgments |\n| a. Revenue recognition TheGroup’scontractswithcustomersincludepromisestotransfermultipleproductsandservicestoacustomer.Revenuesfromcustomercontractsare consideredforrecognitionand measurementwhen thecontracthasbeen approved,in writing,bytheparties tothe contract,thepartiestocontractare committedtoperformtheirrespectiveobligationsunderthecontract,andthecontractislegallyenforceable.TheGroupassessestheservicespromisedina |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 288, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "4b29bbbab88ddaf9", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 289\n\n| TheGroupusesthepercentage-of-completionmethodinaccountingforotherfixed-pricecontracts.Useofthepercentage-of-completionmethodrequiresthe Grouptodeterminetheactualeffortsorcostsexpendedtodateasaproportionoftheestimatedtotaleffortsorcoststobeincurred.Effortsorcostsexpended havebeenusedtomeasureprogresstowardscompletionasthereisadirectrelationshipbetweeninputandproductivity.Theestimationoftotaleffortsor costs involves significant judgment and is assessed throughout the period of the contract to reflect any changes based on the latest available information. Contractswithcustomersincludessubcontractorservicesorthird-partyvendorequipmentorsoftwareincertainintegratedservicesarrangements.Inthese typesofarrangements,revenuefromsalesofthird-partyvendorproductsorservicesisrecordednetofcostswhentheGroupisactingasanagentbetweenthe customerandthevendor,andgrosswhentheGroupistheprincipalforthetransaction.Indoingso,theGroupfirstevaluateswhetheritobtainscontrolofthe |\n|---|\n| specifiedgoodsorservicesbeforetheyaretransferredtothecustomer.TheGroupconsiderswhetheritisprimarilyresponsibleforfulfillingthepromiseto provide the specified goods or services, inventory risk, pricing discretion and other factors to determine whether it controls the specified goods or services and therefore, is acting as a principal or an agent. Provisionsforestimatedlosses,ifany,onincompletecontractsarerecordedintheperiodinwhichsuchlossesbecomeprobablebasedontheestimated |\n| efforts or costs to complete the contract. |\n| b. Income taxes The Group's two major tax jurisdictions are India and the United States, though the Company also files tax returns in other overseas jurisdictions. Significant judgments are involved in determining the provision forincome taxes,including amount expected tobe paid / recovered for uncertain tax positions. Inassessingtherealizabilityofdeferredincometaxassets,theManagementconsiderswhethersomeportionorallofthedeferredincometaxassetswillnot berealized.Theultimaterealizationofdeferredincometaxassetsisdependentuponthegenerationoffuturetaxableincomeduringtheperiodsinwhichthe |\n| temporarydifferencesbecomedeductible.Managementconsidersthescheduledreversalsofdeferredincometaxliabilities,projectedfuturetaxableincome andtaxplanningstrategiesinmakingthisassessment.Basedonthelevelofhistoricaltaxableincomeandprojectionsforfuturetaxableincomeoverthe periods in which the deferred income tax assets are deductible, the Management believes that the Group will realize the benefits of those deductible differences.Theamountofthedeferredincometaxassetsconsideredrealizable,however,couldbereducedintheneartermifestimatesoffuturetaxable income during the carry forward period are reduced (Refer to Notes 2.17). c. Business combinations and intangible assets Business combinations are accounted for using Ind AS 103, Business Combinations. Ind AS 103 requires us to fair value identifiable intangible assets and contingent consideration to ascertain the net fair value of identifiable assets, liabilities and contingent liabilities of the acquiree. These valuations are |\n| conducted by external valuation experts. Estimates are required to be made in determining the value of contingent consideration, value of option arrangements and intangible assets. These measurements are based on information available at the acquisition date and are based on expectations and assumptions that have been deemed reasonable by the Management (Refer to Note 2.1 and 2.4.2). d. Property, plant and equipment Property,plantandequipmentrepresentasignificantproportionoftheassetbaseoftheGroup.Thechargeinrespectofperiodicdepreciationisderivedafter determininganestimateofanasset’sexpectedusefullifeandtheexpectedresidualvalueattheendofitslife.TheusefullivesandresidualvaluesofGroup's assetsaredeterminedbytheManagementatthetimetheassetisacquiredandreviewedperiodically,includingateachfinancialyearend.Thelivesarebased |\n| onhistoricalexperiencewithsimilarassetsaswellasanticipationoffutureevents,whichmayimpacttheirlife,suchaschangesintechnology(RefertoNote 2.2). e. Impairment of Goodwill Goodwillistestedforimpairmentonanannualbasisandwheneverthereisanindicationthattherecoverableamountofacashgeneratingunit(CGUs)isless thanitscarryingamount.Fortheimpairmenttest,goodwillisallocatedtotheCGUorgroupsofCGUswhichbenefitfromthesynergiesoftheacquisition |\n| and which represent the lowest level at which goodwill is monitored for internal management purposes. TherecoverableamountofCGUsisdeterminedbasedonhigherofvalue-in-useandfairvaluelesscosttosell.Keyassumptionsinthecashflowprojections |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 289, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "5eaa396fbbe733d7", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 290\n\n| 2. Notes to the Consolidated Financial Statements |\n|---|\n| XXX2.1 BUSINESS COMBINATIONS |\n| Accounting policy |\n| Business combinations have been accounted for using the acquisition method under the provisions of Ind AS 103, Business Combinations. Thepurchasepriceinanacquisitionismeasuredatthefairvalueoftheassetstransferred,equityinstrumentsissuedandliabilitiesincurredorassumedatthe date of acquisition, which is the date on which control is transferred to the Group. The purchase price also includes the fair value of any contingent consideration.Identifiableassetsacquiredandliabilitiesandcontingentliabilitiesassumedinabusinesscombinationaremeasuredinitiallyattheirfairvalue on the date of acquisition. Contingent consideration is remeasured at fair value at each reporting date and changes in the fair value of the contingent consideration are recognized in the Consolidated Statement of Profit and Loss. |\n| Theinterestofnon-controllingshareholdersisinitiallymeasuredeitheratfairvalueoratthenon-controllinginterests’proportionateshareoftheacquiree’s identifiablenetassets.Thechoiceofmeasurementbasisismadeonanacquisition-by-acquisitionbasis.Subsequenttoacquisition,thecarryingamountofnon- controlling interests is the amount of those interests at initial recognition plus the non-controlling interests’ share of subsequent changes in equity of subsidiaries. BusinesscombinationsbetweenentitiesundercommoncontrolisaccountedforatcarryingvalueoftheassetsacquiredandliabilitiesassumedintheGroup's consolidated financial statements. ThepaymentsrelatedtooptionsissuedbytheGroupoverthenon-controllinginterestsinitssubsidiariesareaccountedasfinancialliabilitiesandinitially |\n| recognizedattheestimatedpresentvalueofgrossobligations.Suchoptionsaresubsequentlymeasuredatfairvalueinordertoreflecttheamountpayable under the option at the date at which it becomes exercisable. In the event that the option expires unexercised, the liability is derecognized. Acquisition |\n| InSemi OnMay10,2024,InfosysLtdacquired100%votinginterestsinInSemiTechnologyServicesPrivateLimited,asemiconductordesignservicescompany |\n| headquartered in India. This acquisition is expected to strengthen our expertise in semiconductor ecosystem and Engineering R&D services. The purchase price is allocated to assets acquired and liabilities assumed based upon determination of fair values at the date of acquisition as follows: (In ₹ crore) Component Acquiree's Fair value Purchase price carrying amount adjustments allocated |\n| Net Assets(1) 40 - 4 0 Intangible assets: Customer related - 60 6 0 |\n| Brand - 13 1 3 |\n| Deferred tax liabilities on intangible assets - ( 18) (18) Total 9 5 Goodwill 1 03 Total purchase price 1 98 (1)Includes cash and cash equivalents acquired of ₹ 41 crore. Theexcessofthepurchaseconsiderationpaidoverthefairvalueofassetsacquiredhasbeenattributedtogoodwill.Theprimaryitemsthatgeneratedthis |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 290, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "80dcc3bf82fc3dd0", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 291\n\n| continuousemploymentwiththeGroupandachievementoffinancialtargetsfortherespectiveyears.Bonusandincentivesarerecognizedinemployeebenefit expenses in the Statement of Profit and loss over the period of service. Fair value of trade receivables acquired is ₹32 crore as of acquisition date and as of March 31, 2025 the amounts are substantially collected. TransactioncoststhattheGroupincursinconnectionwithabusinesscombinationsuchasfinder’sfees,legalfees,duediligencefees,andotherprofessional |\n|---|\n| andconsultingfeesareexpensedasincurred.Thetransactioncostsof₹2crorerelatedtotheacquisitionhavebeenincludedunderadministrativeexpensesin the Consolidated Statement of Profit and loss for the three months ended June 30, 2024. |\n| in-tech Holding GmbH OnJuly17,2024,InfosysGermanyGmbHawhollyownedstepdownsubsidiaryofInfosysLimitedacquired100%votinginterestsinin-techHoldingGmbH, aleadingproviderofengineeringR&DservicesheadquarteredinGermany.ThisacquisitionisexpectedtostrengthenInfosys’engineeringR&Dcapabilities |\n| and reaffirms its continued commitment to global clients to navigate their digital engineering journey. The purchase price is allocated to assets acquired and liabilities assumed based upon determination of fair values at the date of acquisition as follows: (In ₹ crore) |\n| Component Acquiree's Fair value Purchase price carrying amount adjustments allocated Assets(1) 731 - 7 31 Liabilities ( 364) - (364) Intangible assets: |\n| Customer related - 1,720 1 ,720 Brand - 147 1 47 Deferred tax liabilities on intangible assets - ( 511) (511) |\n| Goodwill - - 2 ,490 |\n| Loan ( 985) (985) 3 ,228 |\n| Total purchase price Loan repayment 9 85 Total cash outflow 4 ,213 (1)Includes cash and cash equivalents acquired of ₹197 crore. |\n| Theexcessofthepurchaseconsiderationpaidoverthefairvalueofassetsacquiredhasbeenattributedtogoodwill.Theprimaryitemsthatgeneratedthis goodwill are the value of the acquired assembled workforce and estimated synergies, neither of which qualify as an intangible asset. Goodwill is not tax-deductible. The total purchase consideration of EUR 356 million (₹3,228 crore) comprises the cash consideration paid to selling shareholders at the acquisition date. Additionally,thisacquisitionhasretentionbonusandmanagementincentivepayabletotheemployeesoftheacquireeovertwotofiveyears,subjecttotheir |\n| continuousemploymentwiththeGroupandachievementoffinancialtargetsfortherespectiveyears.Bonusandincentivesarerecognizedinemployeebenefit expenses in the Statement of Profit and loss over the period of service. Fair value of trade receivables acquired is ₹139 crore as of acquisition date and as of March 31, 2025 the amounts are substantially collected. TransactioncoststhattheGroupincursinconnectionwithabusinesscombinationsuchasfinder’sfees,legalfees,duediligencefees,andotherprofessional andconsultingfeesareexpensedasincurred.Thetransactioncostsof₹4crorerelatedtotheacquisitionhavebeenincludedunderadministrativeexpensesin the Consolidated Statement of Profit and loss for the quarter ended September 30, 2024. Proposed acquisitions OnApril17,2025,InfosysSingaporePteLtd.,awholly-ownedstepdownsubsidiaryofInfosysLimited,enteredintoadefinitiveagreementtoacquire100% |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 291, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "af2a631e80ccaab0", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 292\n\n| 2.2 PROPERTY, PLANT AND EQUIPMENT |\n|---|\n| Accounting policy Property,plantandequipmentarestatedatcost,lessaccumulateddepreciationandimpairment,ifany.Costsdirectlyattributabletoacquisitionarecapitalizeduntiltheproperty,plantandequipmentare readyforuse,asintendedbytheManagement.Thechargeinrespectofperiodicdepreciationisderivedatafterdetermininganestimateofanasset’sexpectedusefullifeandtheexpectedresidualvalueat |\n| the end of its life. The Group depreciates property, plant and equipment over their estimated useful lives using the straight-line method. The estimated useful lives of assets are as follows: Buildings (1) 22-25 years Plant and machinery (1)(2) 5 years Office equipment 5 years Computer equipment (1) 3-5 years Furniture and fixtures (1) 5 years Vehicles(1) 5 years Leasehold improvements Lower of useful life of the asset or lease term (1)Basedontechnicalevaluation,theManagementbelievesthattheusefullivesasgivenabovebestrepresenttheperiodoverwhichtheManagementexpectstousetheseassets.Hence,theusefullives for these assets is different from the useful lives as prescribed under Part C of Schedule II of the Companies Act 2013 (2) Includes Solar plant with a useful life of 25 years Depreciationmethods,usefullivesandresidualvaluesarereviewedperiodically,includingateachfinancialyearend.Theusefullivesarebasedonhistoricalexperiencewithsimilarassetsaswellas anticipation of future events, which may impact their life, such as changes in technology. |\n| Advancespaidtowardstheacquisitionofproperty,plantandequipmentoutstandingateachBalanceSheetdateisclassifiedascapitaladvancesunderothernon-currentassetsandthecostofassetsnot readytousebeforesuchdatearedisclosedunder‘Capitalwork-in-progress’.Subsequentexpendituresrelatingtoproperty,plantandequipmentiscapitalizedonlywhenitisprobablethatfutureeconomic benefits associated with these will flow to the Group and the cost of the item can be measured reliably. The cost and related accumulated depreciation are eliminated from the financial statements upon sale or retirement of the asset. Impairment Property,plantandequipmentareevaluatedforrecoverabilitywhenevereventsorchangesincircumstancesindicatethattheircarryingamountsmaynotberecoverable.Forthepurposeofimpairment testing,therecoverableamount(i.e.thehigherofthefairvaluelesscosttosellandthevalue-in-use)isdeterminedonanindividualassetbasisunlesstheassetdoesnotgeneratecashflowsthatarelargely independent of those from other assets. In such cases, the recoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs. Ifsuchassetsareconsideredtobeimpaired,theimpairmenttoberecognizedintheConsolidatedStatementofProfitandLossismeasuredbytheamountbywhichthecarryingvalueoftheassetsexceeds theestimatedrecoverableamountoftheasset.AnimpairmentlossisreversedintheConsolidatedStatementofProfitandLossiftherehasbeenachangeintheestimatesusedtodeterminetherecoverable amount.Thecarryingamountoftheassetisincreasedtoitsrevisedrecoverableamount,providedthatthisamountdoesnotexceedthecarryingamountthatwouldhavebeendetermined(netofany accumulated depreciation) had no impairment loss been recognized for the asset in prior years. The changes in the carrying value of property, plant and equipment for the year ended March 31, 2025 are as follows: (In ₹ crore) Particulars Land - Buildings Plant and Office Computer Furniture Leasehold Vehicles Total Freehold (1) machinery Equipment equipment and fixtures Improvements Gross carrying value as at April 1, 2024 1,432 11,770 3,428 1,528 8,611 2,326 1,447 45 30,587 Additions 47 43 63 139 1,317 93 139 2 1,843 Additions on Business Combinations (Refer to note 2.1) — 1 — 11 6 23 — 2 43 Deletions** — (113) (31) (52) (633) (101) (290) (1) (1,221) |\n| Translation difference — 20 1 2 5 (1) 11 — 38 Gross carrying value as at March 31, 2025 1,479 11,721 3,461 1,628 9,306 2,340 1,307 48 31,290 Accumulated depreciation as at April 1, 2024 — (4,921) (2,630) (1,269) (6,380) (1,837) (1,138) (42) (18,217) Depreciation — (444) (203) (118) (1,249) (187) (157) (2) (2,360) Accumulated depreciation on deletions** — 13 21 51 616 94 286 1 1,082 Translation difference — (6) (1) (1) — 1 (10) — (17) Accumulated depreciation as at March 31, 2025 — (5,358) (2,813) (1,337) (7,013) (1,929) (1,019) (43) (19,512) Carrying value as at April 1, 2024 1,432 6,849 798 259 2,231 489 309 3 12,370 Carrying value as at March 31, 2025 1,479 6,363 648 291 2,293 411 288 5 11,778 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 292, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "583a0f3951efc281", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 293\n\n| Gross carrying value as at March 31, 2024 1,432 11,770 3,428 1,528 8,611 2,326 1,447 45 30,587 Accumulated depreciation as at April 1, 2023 — (4,535) (2,437) (1,198) (5,826) (1,675) (1,032) (40) (16,743) Depreciation — (450) (259) (130) (1,387) (250) (206) (3) (2,685) Accumulated depreciation on deletions* — 55 64 59 836 89 97 1 1,201 Translation difference — 9 2 — (3) (1) 3 — 10 Accumulated depreciation as at March 31, 2024 — (4,921) (2,630) (1,269) (6,380) (1,837) (1,138) (42) (18,217) Carrying value as at April 1, 2023 1,431 7,027 865 284 2,693 628 413 5 13,346 Carrying value as at March 31, 2024 1,432 6,849 798 259 2,231 489 309 3 12,370 * During the year ended March 31, 2024, certain assets which were not in use having gross book value of ₹775 crore (net book value: Nil) were retired. (1) Buildings include ₹250/- being the value of five shares of ₹50/- each in Mittal Towers Premises Co-operative Society Limited. The aggregate depreciation has been included under depreciation and amortization expense in the Consolidated Statement of Profit and Loss. Repairs and maintenance costs are recognized in the Consolidated Statement of Profit and Loss when incurred. |\n|---|\n| ConsequenttotheCompanies(CorporateSocialResponsibilityPolicy)AmendmentRules,2021(“theRules”),theCompanywasrequiredtotransferitsCSRcapitalassetsinstalledpriortoJanuary2021. TowardsthistheCompanyhadincorporatedasubsidiary‘InfosysGreenForum’(IGF)underSection8oftheCompaniesAct,2013.DuringtheyearendedMarch31,2022theCompanyhadcompleted thetransferofassetsuponobtainingtherequiredapprovalsfromregulatoryauthorities,asapplicable.DuringMarch31,2024,theapplicationfiledbyIGFforregistrationu/s.12ABoftheIncomeTaxAct was rejected and registration cancelled. IGF has filed an appeal against this order before Income Tax Appellate Tribunal. |\n| 2.3 CAPITAL WORK-IN-PROGRESS The changes in capital work-in-progress for the year ended March 31, 2025 and March 31, 2024 are as follows: (In ₹ crore) Particulars As at March 31, 2025 March 31, 2024 |\n| Balance at the beginning 293 288 Additions during the year 2,316 1,764 Capitalised during the year (1,796) (1,760) Translation difference 1 1 Balance at the end 814 293 Capital work-in-progress ageing schedule for the year ended March 31, 2025 and March 31, 2024: (In ₹ crore) Particulars Amount in CWIP for a period of Less than 1-2 years 2-3 yearsMore than 3 years Total |\n| 1 year Projects in progress 576 204 22 12 814 259 22 1 11 293 Total Capital work-in-progress 5 76 204 22 12 814 259 22 1 11 293 Forcapital-work-inprogress,whosecompletionisoverdueorhasexceededitscostcomparedtoitsoriginalplantheprojectwisedetailsofwhentheprojectisexpectedtobecompletedisgivenbelowas of March 31, 2025 and March 31, 2024: (In ₹ crore) Particulars To be completed in Less than 1-2 years 2-3 years Total 1 year More than 3 years |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 293, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "32e6716fe4fb79b0", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 294\n\n| 2.4 GOODWILL AND OTHER INTANGIBLE ASSETS 2.4.1 Goodwill Accounting policy GoodwillrepresentsthepurchaseconsiderationinexcessoftheGroup'sinterestinthenetfairvalueofidentifiableassets,liabilitiesandcontingentliabilitiesoftheacquiredentity.Whenthenetfairvalue oftheidentifiableassets,liabilitiesandcontingentliabilitiesacquiredexceedspurchaseconsideration,thefairvalueofnetassetsacquiredisreassessedandthebargainpurchasegainisrecognizedin capital reserve. Goodwill is measured at cost less accumulated impairment losses. Impairment Goodwillistestedforimpairmentonanannualbasisandwheneverthereisanindicationthattherecoverableamountofacashgeneratingunit(CGU)islessthanitscarryingamount.Fortheimpairment test,goodwillisallocatedtotheCGUorgroupsofCGUswhichbenefitfromthesynergiesoftheacquisitionandwhichrepresentsthelowestlevelatwhichgoodwillismonitoredforinternalmanagement purposes.ACGUisthesmallestidentifiablegroupofassetsthatgeneratescashinflowsthatarelargelyindependentofthecashinflowsfromotherassetsorgroupofassets.Impairmentoccurswhenthe carryingamountofaCGUincludingthegoodwill,exceedstheestimatedrecoverableamountoftheCGU.TherecoverableamountofaCGUisthehigherofitsfairvaluelesscosttosellanditsvalue-in- use.Value-in-useisthepresentvalueoffuturecashflowsexpectedtobederivedfromtheCGU.Keyassumptionsinthecashflowprojectionsarepreparedbasedoncurrenteconomicconditionsand includes estimated long term growth rates, weighted average cost of capital and estimated operating margins. Following is a summary of changes in the carrying amount of goodwill: (In ₹ crore) Particulars As at March 31, 2025 March 31, 2024 Carrying value at the beginning 7,303 7,248 Goodwill on acquisitions (Refer to note 2.1) 2,593 — |\n|---|\n| Translation differences 210 55 Carrying value at the end 10,106 7,303 Forthepurposeofimpairmenttesting,goodwillacquiredinabusinesscombinationisallocatedtotheCGUorgroupsofCGUs,whichbenefitfromthesynergiesoftheacquisition.TheGroupinternally reviews the goodwill for impairment at the operating segment level, after allocation of the goodwill to CGUs or groups of CGUs. The allocation of goodwill to operating segments as at March 31, 2025 and March 31, 2024 is as follows: (In ₹ crore) Segment As at March 31, 2025 March 31, 2024 Financial services 1,510 1,476 Retail 961 939 Communication 691 675 Energy, Utilities, Resources and Services 1,337 1,160 Manufacturing 2,986 578 Life Sciences 975 951 8,460 5,779 Operating segments without significant goodwill 650 552 Total 9,110 6,331 The goodwill pertaining to Panaya amounting to ₹996 crore and ₹972 crore as at March 31, 2025 and March 31, 2024, respectively is tested for impairment at the entity level. The recoverable amount of a CGU is the higher of its fair value less cost to sell and its value-in-use. The fair value of a CGU is determined based on the market capitalization. Value-in-use is determined based on discounted future cash flows. The key assumptions used for the calculations are as follows: (in %) As at |\n| March 31, 2025 March 31, 2024 Long term growth rate 7-10 7-10 Operating margins 19-21 19-21 Discount rate 13 13 TheabovediscountrateisbasedontheWeightedAverageCostofCapital(WACC)oftheCompany.AsatMarch31,2025,theestimatedrecoverableamountoftheCGUexceededitscarryingamount. Reasonable sensitivities in key assumptions is unlikely to cause the carrying amount to exceed the recoverable amount of the cash generating units. 2.4.2 Intangible Assets Accounting policy Intangibleassetsarestatedatcostlessaccumulatedamortizationandimpairment.Intangibleassetsareamortizedovertheirrespectiveindividualestimatedusefullivesonastraight-linebasis,fromthe |\n| datethattheyareavailableforuse.Theestimatedusefullifeofanidentifiableintangibleassetisbasedonanumberoffactorsincludingtheeffectsofobsolescence,demand,competition,andother economicfactors(suchasthestabilityoftheindustry,andknowntechnologicaladvances)andthelevelofmaintenanceexpendituresrequiredtoobtaintheexpectedfuturecashflowsfromtheasset. Amortization methods and useful lives are reviewed periodically including at each financial year end. Researchcostsareexpensedasincurred.Softwareproductdevelopmentcostsareexpensedasincurredunlesstechnicalandcommercialfeasibilityoftheprojectisdemonstrated,futureeconomicbenefits areprobable,theGrouphasanintentionandabilitytocompleteanduseorsellthesoftwareandthecostscanbemeasuredreliably.Thecostswhichcanbecapitalizedincludethecostofmaterial,direct labor, overhead costs that are directly attributable to prepare the asset for its intended use. Impairment Intangibleassetsareevaluatedforrecoverabilitywhenevereventsorchangesincircumstancesindicatethattheircarryingamountsmaynotberecoverable.Forthepurposeofimpairmenttesting,the recoverableamount(i.e.thehigherofthefairvaluelesscosttosellandthevalue-in-use)isdeterminedonanindividualassetbasisunlesstheassetdoesnotgeneratecashflowsthatarelargely independent of those from other assets. In such cases, the recoverable amount is determined for the CGU to which the asset belongs. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 294, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "48ab8b8af470fbc1", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 295\n\n| #DuringthequarterendedMarch31,2025,adeclineintherevenueestimatesledtothecarryingvalueofthecustomerrelatedintangiblesassetsrecognizedonbusinesscombinationexceedingthe estimated recoverable amount. Consequently, the Company has recognized ₹188 crore as the excess of carrying value over the estimated recoverable value for the quarter ended March 31, 2025. Following are the changes in the carrying value of acquired intangible assets for the year ended March 31, 2024: (In ₹ crore) Particulars Customer Software Intellectual Brand or Others* Total related related property Trademark rights Related related Gross carrying value as at April 1, 2023 2,507 1,031 1 346 774 4,659 Additions - 79 - - - 79 Deletions - (2) - - - (2) Translation difference 5 2 - 3 8 18 Gross carrying value as at March 31, 2024 2,512 1,110 1 349 782 4,754 Accumulated amortization as at April 1, 2023 (1,600) (688) (1) (195) (426) (2,910) Amortization expense (194) (75) - (38) (125) (432) Deletions - 2 - - 2 Translation differences (6) (4) - (2) (5) (17) Accumulated amortization as at March 31, 2024 (1,800) (765) (1) (235) (556) (3,357) Carrying value as at April 1, 2023 907 343 - 151 348 1,749 Carrying value as at March 31, 2024 712 345 - 114 226 1,397 Estimated Useful Life (in years) 1-15 3-10 - 3-10 3-7 Estimated Remaining Useful Life (in years) 1-10 1-5 - 1-6 1-4 * Majorly includes intangibles related to vendor relationships |\n|---|\n| The amortization expense has been included under depreciation and amortization expense in the Consolidated Statement of Profit and Loss. Research and Development Expenditure |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 295, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "2d2ed29c503a12ad", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 296\n\n| Others (1) Quoted Investments Governme Tax free b Investments Non conve Equity sec Governme Total non-current Current Investme Unquoted | carried at amo nt bonds onds carried at fair rtible debenture urities nt securities investments nts | rtized cost value through s | other | comprehensive | income |  |  |  |  | 25 196 686 16 1,465 1,481 3,320 57 5,346 8,723 11,059 |  | — 198 629 28 1,731 1,759 2,217 113 6,897 9,227 11,708 |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| Investments Liquid mu Investments Commerci Certificate Quoted Investments Governme Tax free b | carried at fair tual fund units carried at fair al Paper s of deposit carried at amo nt bonds onds | value through value through rtized cost | profit other | or loss comprehensive | income |  |  |  |  | 1,957 1,957 3,641 3,504 7,145 15 154 |  | 2,615 2,615 4,830 3,043 7,873 — — |\n| Investments Non conve Governme Total current inv Total investments Aggregate amount Market value of qu Market value of qu Aggregate amount | carried at fair rtible debenture nt securities estments of quoted inves oted investmen oted investmen of unquoted in | value through s tments ts (including in ts (including in vestments | other terest terest | comprehensive accrued), curren accrued), non cu | income t rrent |  |  |  |  | 169 1,549 1,662 3,211 12,482 23,541 13,584 3,369 10,392 9,957 |  | — 1,962 465 2,427 12,915 24,623 13,413 2,428 11,201 11,210 |\n| Investments carrie Investments carrie Investments carrie (1) Uncalled capita Refer to Note 2.11 Details of amounts | d at amortized c d at fair value th d at fair value th l commitments for Accounting recorded in Ot | ost rough other co rough profit or outstanding as policies on Fin her comprehens | mpreh loss at Ma ancial ive in | ensive income rch 31, 2025 and Instruments. come : | March 31, 20 | 24 was ₹122 cro Year ended Ma Gross | re and ₹79 cror rch 31, 2025 Tax | e, respective Net | ly. Year ended Ma Gross | 1,650 19,248 2,643 rch 31, 202 Tax | (In ₹ 4 | 1,759 19,620 3,244 crore) Net |\n| Net Gain/(loss) on Non-convertible d Commercial Paper Certificates of dep Government secur Equity and prefere | ebentures osit ities nce securities |  |  |  |  | 54 3 3 162 20 | (6) (1) (1) (15) (1) | 48 2 2 147 19 | 62 - (1) 98 10 | 5 - - (20) 9 |  | 67 - (1) 78 19 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 296, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "63bc048e17262d7e", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 297\n\n| Certif incom Quote incom Unqu profit Unqu other Other Total Note: X2.5.1 The d Parti Prefe Inves Air 2,8 Wh 1,1 Niv 2,2 Inves Ga 1,2 4B 18, Total | icates of deposit - car e d Equity securities - c e oted equity and prefer or loss oted equity and prefer comprehensive incom s - carried at fair valu Certain quoted inves Details of investment etails of investments i culars rence securities tments carried at fai viz, Inc. 9,695 (2,89,695) Seri oop, Inc. 0,59,340 (1,10,59,340 etti Systems Private 8,501 (2,28,501) Pref tments carried at fai laxeye Space Solution 10 (Nil) Series A com asecare Precision Hea 850 (Nil) Series A co investment in prefer | ried at fair value throu arried at fair value th ence securities - carri ence securities - carri e e through profit or los tments are classified s n preference, equity a r value through othe es A Preferred Stock, ) Series B Preferred Limited erred Stock, fully paid r value through prof s Private Limited pulsorily convertible lth Private Limited mpulsorily convertibl ence securities | gh other com rough other c ed at fair val ed at fair val s as Level 2 in nd other inst r comprehen fully paid up Stock, fully p up, par valu it or loss cumulative P e cumulative | prehensive omprehensive ue through ue through the absence of ac ruments at March sive income , par value USD 0 aid up, par value e ₹1/- each reference shares Preference share | Market obse Quoted price Discounted c Option prici Discounted c Option prici Discounted c Option prici tive market f 31, 2025 an .001 each USD 0.0001 of ₹10/- each s of ₹1/- each | rvabl ash f ng mo ash f ng mo ash f ng mo or su d Ma each , full , full | e inputs lows m del lows m del lows m del ch inves rch 31, y paid u y paid u | ethod, Marke ethod, Marke ethod, Marke tments. 2024 are as f p p | t multiples t multiples t multiples ollows: | method, method, method, (In ₹ cro March 31 | 3,504 57 25 169 196 23,703 re, except o As at , 2025 - 129 38 17 8 192 | therwise March 3 | 3,043 113 — 93 198 24,837 stated) 1, 2024 - 60 31 - - 91 |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| Equit Inves Me 2,4 Glo 15, Ide 16, Inves Ga 10 Total Other Ste UV Th Th Ya Total Total | y Instruments tments carried at fai rasport Technologies 20 (2,420) equity sha bal Innovation and T 000 (15,000) equity s aforge Technology Li 47,314 (16,47,314) e tments carried at fai laxeye Space Solution (Nil) equity shares at investment in equity s - Investments carri llaris Venture Partner C Fonds IV GmbH & e House Fund II, L.P. e House Fund III, L.P. li Deeptech Fund I investment in others | r value through othe Private Limited res at ₹8,052/- each, f echnology Alliance hares at ₹1,000/- each mited quity shares at ₹10/-, f r value through prof s Private Limited ₹1,36,080/- each, full instruments ed at fair value throu s India Co. KG | r comprehen ully paid up, , fully paid u ully paid up it or loss y paid up, pa gh profit or l | sive income par value ₹10/- e p, par value ₹1,0 r value ₹10/- eac oss | ach 00/- each h |  |  |  |  |  | - 2 57 - 59 53 1 102 32 8 196 447 |  | - 2 113 - 115 84 - 107 7 - 198 404 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 297, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ccb5289190cd482f", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 298\n\n| Other loans Loans Less: Total non-cur Current Loans conside Other loans Loans Total current Total loans | to employees Allowance for credit rent loans red good - Unsecure to employees loans | impairment d |  |  | 3 (3) — 16 249 249 |  | 2 (2) — 34 248 248 |\n|---|---|---|---|---|---|---|---|\n| 2.7 OTHER Particulars Non Current Security dep Unbilled rev Restricted d Net investm Others (1) | FINANCIAL AS osits (1) enues (1)# eposits (1)* ent in lease(1) (Refer | SETS to note 2.21) |  | March 3 | 265 As at 1, 2025 273 2,031 82 1,106 19 | (In ₹ March 3 | 282 crore) 1, 2024 259 1,677 47 1,114 8 |\n| Total non-cur Current Security dep Restricted d Unbilled rev Interest accr Foreign cur Net investm Others (1) Total current Total other fi | rent other financial osits (1) eposits (1)* enues (1)# ued but not due (1) rency forward and o ent in lease(1) (Refer other financial asse nancial assets | assets ptions contracts (2) to note 2.21) ts | (3) |  | 3,511 65 2,949 8,183 842 192 1,139 470 13,840 |  | 3,105 75 2,535 7,923 537 84 710 221 12,085 |\n| (1) Financial as (2) Financial as | sets carried at amort sets carried at fair va | ized cost lue through other | comprehensive income |  | 17,351 17,159 28 |  | 15,190 15,106 23 |\n| (3) Financial as * Restricted de | sets carried at fair va posits represent dep | lue through profit osits with financia | or loss l institutions to settle employee related obligations as and when they arise during the normal | course of | 164 business. |  | 61 |\n| # Classified as 2.8 TRADE Particulars | financial asset as rig RECEIVABLES | ht to consideratio | n is unconditional and is due only after a passage of time. |  | As at | (In ₹ | crore) |\n| Current Trade Re Less: All | ceivable considered owance for expected | good - Unsecured credit loss |  | March 31 | , 2025 31,670 | March 3 | 1, 2024 30,713 |\n| Trade Re Trade Re Less: All | ceivable considered ceivable - credit imp owance for credit im | good - Unsecured aired - Unsecured pairment |  |  | 512 31,158 206 206 |  | 520 30,193 196 196 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 298, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "719635235da9d9c4", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 300\n\n| In Cash o Total Balan Depos Casha restric | current and deposi n hand cash and cash equ ces with banks in u it with more than 1 ndcashequivalent tions are primarily | t accounts ivalents npaid dividend accounts 2 months maturity sasatMarch31,2025andMarch31,2024 inc on account of bank balances held by irrevocable | luderestrictedcashandbankbalancesof₹424crorea trusts controlled by the company. | 24,455 — 24,455 45 75 nd₹348crore | respecti | 14, 14, vely. | 786 — 786 37 57 The |\n|---|---|---|---|---|---|---|---|\n| Thed witho | epositsmaintained ut prior notice or pe | bytheGroupwithbanksandfinancialinstitut nalty on the principal. | ionscompriseoftimedeposits,whichcanbewithdr | awnbytheGr | oupata | nyp | oint |\n| 2.10 Partic Non-c | OTHER ASS ulars urrent | ETS | March 31 | As at , 2025 | (In March | ₹ cro 31, 2 | re) 024 |\n| Cap Adv O | ital advances ances other than ca thers Withholding taxes Unbilled revenues Defined benefit pl Prepaid expenses Deferred Contract | pital advances and others # an assets Cost |  | 208 534 201 297 282 |  |  | 155 673 103 31 343 |\n| Total Curre Adv | Cost of obtain Cost of fulfill non-current other nt ances other than ca | ing a contract ment assets pital advances |  | 312 879 2,713 |  | 2, | 129 687 121 |\n| Oth | Payment to vendor ers Unbilled revenues Withholding taxes Prepaid expenses Deferred Contract | s for supply of goods # and others Cost |  | 413 4,668 2,841 3,080 |  | 4, 3, 3, | 356 845 540 329 |\n| Total Total | Cost of obtain Cost of fulfill Other receivables current other asse other assets | ing a contract ment ts |  | 343 504 91 11,940 |  | 12, | 200 358 180 808 |\n| # Clas | sified as non financ | ial asset as the contractual right to consideration | is dependent on completion of contractual milestones. | 14,653 |  | 14, | 929 |\n| Withh | olding taxes and ot | hers primarily consist of input tax credits and VA | T recoverable from tax authorities. |  |  |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 300, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "599c1688ec9a08aa", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 301\n\n| Accounting policy 2.11.1 Initial recognition TheGrouprecognizesfinancialassetsandfinancialliabilitieswhenitbecomesapartytothecontractualprovisionsoftheinstrument.Allfinancialassetsandliabilitiesarerecognizedatfair |\n|---|\n| valueoninitialrecognition,exceptfortradereceivableswhichareinitiallymeasuredattransactionprice.Transactioncoststhataredirectlyattributabletotheacquisitionorissueoffinancial assetsandfinancialliabilities,whicharenotatfairvaluethroughprofitorloss,areaddedtothefairvalueoninitialrecognition.Regularwaypurchaseandsaleoffinancialassetsare accounted for at trade date. |\n| 2.11.2 Subsequent measurement |\n| a. Non-derivative financial instruments |\n| (i) Financial assets carried at amortized cost Afinancialassetissubsequentlymeasuredatamortizedcostifitisheldwithinabusinessmodelwhoseobjectiveistoholdtheassetinordertocollectcontractualcashflowsandthe |\n| contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. |\n| (ii) Financial assets carried at fair value through other comprehensive income (FVOCI) Afinancialassetissubsequentlymeasuredatfairvaluethroughothercomprehensiveincomeifitisheldwithinabusinessmodelwhoseobjectiveisachievedbybothcollectingcontractual cashflowsandsellingfinancialassetsandthecontractualtermsofthefinancialassetgiveriseonspecifieddatestocashflowsthataresolelypaymentsofprincipalandinterestonthe |\n| principalamountoutstanding. TheGrouphasmadeanirrevocableelectionforcertaininvestmentswhichareclassifiedasequityinstrumentstopresentthesubsequentchangesinfairvaluein other comprehensive income based on its business model. |\n| (iii) Financial assets carried at fair value through profit or loss (FVTPL) |\n| A financial asset which is not classified in any of the above categories is subsequently fair valued through profit or loss. (iv) Financial liabilities |\n| Financialliabilitiesaresubsequentlycarriedatamortized costusingtheeffective interestmethod, exceptforcontingentconsiderationandfinancialliabilityunderoptionarrangements recognized in a business combination which is subsequently measured at fair value through profit or loss. b. Derivative financial instruments |\n| TheGroupholdsderivativefinancialinstrumentssuchasforeignexchangeforwardandoptioncontractstomitigatetheriskofchangesinexchangeratesonforeigncurrencyexposures.The counterparty for such contracts is generally a bank. (i) Financial assets or financial liabilities, carried at fair value through profit or loss. This category includes derivative financial assets or liabilities which are not designated as hedges. |\n| AlthoughtheGroupbelievesthatthesederivativesconstitutehedgesfromaneconomicperspective,theymaynotqualifyforhedgeaccountingunderIndAS109,FinancialInstruments.Any derivativethatiseithernotdesignatedashedge,orissodesignatedbutisineffectiveasperIndAS109,iscategorizedasafinancialassetorfinancialliability,atfairvaluethroughprofitor loss. DerivativesnotdesignatedashedgesarerecognizedinitiallyatfairvalueandattributabletransactioncostsarerecognizedinnetprofitintheConsolidatedStatementofProfitandLosswhen incurred.Subsequenttoinitialrecognition,thesederivativesaremeasuredatfairvaluethroughprofitorlossandtheresultingexchangegainsorlossesareincludedinotherincome.Assets/ |\n| liabilities in this category are presented as current assets/current liabilities if they are either held for trading or are expected to be realized within 12 months after the Balance Sheet date. |\n| (ii) Cash flow hedge Primarily,theGroupdesignatescertainforeignexchangeforwardandoptionscontractsascashflowhedgestomitigatetheriskofforeignexchangeexposureonhighlyprobableforecastcash |\n| transactions. Whenaderivativeisdesignatedasacashflowhedginginstrument,theeffectiveportionofchangesinthefairvalueofthederivativeisrecognizedinothercomprehensiveincomeand accumulatedinthecashflowhedgingreserve.AnyineffectiveportionofchangesinthefairvalueofthederivativeisrecognizedimmediatelyinthenetprofitintheConsolidatedStatementof ProfitandLoss.Ifthehedginginstrumentnolongermeetsthecriteriaforhedgeaccounting,thenhedgeaccountingisdiscontinuedprospectively.Ifthehedginginstrumentexpiresorissold, terminatedorexercised,thecumulativegainorlossonthehedginginstrumentrecognizedincashflowhedgingreservetilltheperiodthehedgewaseffectiveremainsincashflowhedging |\n| reserveuntiltheforecastedtransactionoccurs.ThecumulativegainorlosspreviouslyrecognizedinthecashflowhedgingreserveistransferredtothenetprofitintheConsolidatedStatement ofProfitandLossupontheoccurrenceoftherelatedforecastedtransaction.Iftheforecastedtransactionisnolongerexpectedtooccur,thentheamountaccumulatedincashflowhedging reserve is reclassified to net profit in the Consolidated Statement of Profit and Loss. |\n| 2.11.3 Derecognition of financial instruments The Groupderecognizes a financialasset whenthe contractualrights to the cashflows fromthe financialasset expire orittransfers the financialasset and the transfer qualifiesfor |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 301, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "e785d3cffbd716b7", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 302\n\n| Themethodsusedtodeterminefairvalueincludediscountedcashflowanalysis,optionpricingmodel,marketmultiples,availablequotedmarketpricesanddealerquotes. Allmethodsof assessing fair value result in general approximation of value, and such value may never actually be realized. Refertotable'Financialinstrumentsbycategory'belowforthedisclosureoncarryingvalueandfairvalueoffinancialassetsandliabilities.Forfinancialassetsandliabilitiesmaturingwithin |\n|---|\n| one year from the Balance Sheet date and which are not carried at fair value, the carrying amounts approximates fair value due to the short maturity of these instruments. 2.11.5 Impairment TheGrouprecognizeslossallowancesusingtheexpectedcreditloss(ECL)modelforthefinancialassetsandunbilledrevenuewhicharenotfairvaluedthroughprofitorloss.Lossallowance |\n| fortradereceivablesandunbilledrevenueswithnosignificantfinancingcomponentismeasuredatanamountequaltolifetimeECL.Forallotherfinancialassets,ECLsaremeasuredatan amount equal to the 12-month ECL, unless there has been a significant increase in credit risk from initial recognition in which case those are measured at lifetime ECL. TheGroupdeterminestheallowanceforcreditlossesbasedonhistoricallossexperienceadjustedtoreflectcurrentandestimatedfutureeconomicconditions.TheGroupconsiderscurrent |\n| and anticipated future economic conditions relating to industries the Group deals with and the countries where it operates. TheamountofECL(orreversal)thatisrequiredtoadjustthelossallowanceatthereportingdatetotheamountthatisrequiredtoberecordedisrecognizedasanimpairmentlossorgainin |\n| Consolidated Statement of Profit and Loss. Financial instruments by category The carrying value and fair value of financial instruments by categories as at March 31, 2025 are as follows: |\n| (In ₹ crore) Particulars Amortized Financial assets/ liabilities at fair value Financial assets/liabilities at fair Total carrying Total fair value cost through profit or loss value through OCI value Designated upon initial Mandatory Equity instruments Mandatory designated upon |\n| recognition initial recognition Assets: Cash and cash equivalents (Refer to Note 2.9) 24,455 — — — — 24,455 24,455 Investments (Refer to Note 2.5) Equity and preference securities — 25 — 226 — 251 251 Tax free bonds and government bonds 1,650 — — — — 1,650 1,812 Liquid mutual fund units — — 1,957 — — 1,957 1,957 Target maturity fund units — — 465 — — 465 465 |\n| Non convertible debentures — — — — 4,869 4,869 4,869 Government securities — — — — 7,008 7,008 7,008 Certificates of deposit — — — — 3,504 3,504 3,504 Commercial paper — — — — 3,641 3,641 3,641 Other investments — — 196 — — 196 196 Trade receivables (Refer to Note 2.8) 31,158 — — — — 31,158 31,158 Loans (Refer to Note 2.6) 265 — — — — 265 265 Other financials assets (Refer to Note 2.7)(3) 17,159 — 164 — 28 17,351 17,271 Total 74,687 25 2,782 226 19,050 96,770 96,852 Liabilities: Trade payables (Refer to Note 2.14) 4,164 — — — — 4,164 4,164 Lease liabilities (Refer to Note 2.21) 8,227 — — — — 8,227 8,227 Financial Liability under option arrangements — — 667 — — 667 667 (Refer to Note 2.13) |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 302, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "8b1a9ac44dcc166c", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 303\n\n| Particulars Amortized Financial assets/ liabilities at fair value Financial assets/liabilities at fair Total carrying Total fair value cost through profit or loss value through OCI value Designated upon initial Mandatory Equity instruments Mandatory designated upon |\n|---|\n| recognition initial recognition Assets: Cash and cash equivalents (Refer to Note 2.9) 14,786 — — — — 14,786 14,786 Investments (Refer to Note 2.5) Equity and preference securities — — — 206 — 206 206 Tax free bonds and government bonds 1,759 — — — — 1,759 1,973 Liquid mutual fund units — — 2,615 — — 2,615 2,615 Target maturity fund units — — 431 — — 431 431 Non convertible debentures — — — — 4,179 4,179 4,179 Government securities — — — — 7,362 7,362 7,362 Commercial paper — — — — 4,830 4,830 4,830 Certificates of deposit — — — — 3,043 3,043 3,043 Other investments — — 198 — — 198 198 Trade receivables (Refer to Note 2.8) 30,193 — — — — 30,193 30,193 Loans (Refer to Note 2.6) 282 — — — — 282 282 (3) |\n| Other financials assets (Refer to Note 2.7) 15,106 — 61 — 23 15,190 15,106 Total 62,126 — 3,305 206 19,437 85,074 85,204 Liabilities: Trade payables (Refer to Note 2.14) 3,956 — — — — 3,956 3,956 Lease liabilities (Refer to Note 2.21) 8,359 — — — — 8,359 8,359 Financial Liability under option arrangements — — 597 — — 597 597 (Refer to Note 2.13) Other financial liabilities (Refer to Note 2.13) 15,750 — 30 — 1 15,781 15,781 Total 28,065 — 627 — 1 28,693 28,693 (1) On account of fair value changes including interest accrued (2) Excludes interest accrued on tax free bonds and government bonds carried at amortized cost of ₹84 crore (3) Excludes unbilled revenue on contracts where the right to consideration is dependent on completion of contractual milestones Fortradereceivables,tradepayables,otherassetsandpayablesmaturingwithinoneyearfromtheBalanceSheetdate,thecarryingamountsapproximatethefairvalueduetotheshort |\n| maturity of these instruments. Fair value hierarchy Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices). Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs). The fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as at March 31, 2025 is as follows: (In ₹ crore) Particulars As at March 31, Fair value measurement at end of the reporting 2025 period using Level 1 Level 2 Level 3 Assets Investments (Refer to note 2.5) Investments in liquid mutual fund units 1,957 1,957 — — Investments in target maturity fund units 465 465 — — Investments in tax free bonds 1,781 1,227 554 — |\n| Investments in government bonds 31 31 — — Investments in non convertible debentures 4,869 4,869 — — Investment in government securities 7,008 6,972 36 — Investments in commercial paper 3,641 — 3,641 — Investments in certificates of deposit 3,504 — 3,504 — Investments in equity instruments 59 57 — 2 Investments in preference securities 192 — — 192 Other investments 196 — — 196 Others Derivative financial instruments - gain (Refer to Note 2.13) 192 — 192 — Liabilities Derivative financial instruments - loss (Refer to Note 2.13) 63 — 63 — Financial liability under option arrangements (Refer to Note 2.13) (1) 667 — — 667 Liability towards contingent consideration (Refer to Note 2.13)(2) 31 — — 31 (1) Discount rate ranges from 9% to 15% (2)Discount rate - 6% |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 303, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "f88cad8606230287", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 304\n\n| Investments in government bonds 29 29 — — Investments in non convertible debentures 4,179 3,922 257 — Investment in government securities 7,362 7,289 73 — Investments in equity instruments 115 113 — 2 Investments in preference securities 91 — — 91 Investments in commercial paper 4,830 — 4,830 — Investments in certificates of deposit 3,043 — 3,043 — Other investments 198 — — 198 Others Derivative financial instruments - gain (Refer to Note 2.13) 84 — 84 — Liabilities |\n|---|\n| Derivative financial instruments - loss (Refer to Note 2.13) 31 — 31 — Financial liability under option arrangements (Refer to Note 2.13) (1) 597 — — 597 (1) Discount rate ranges from 9% to 15% |\n| DuringtheyearendedMarch31,2024,governmentsecurities,nonconvertibledebenturesandtaxfreebondsof₹2,143crorewastransferredfromLevel2toLevel1offairvaluehierarchy, sincethesewerevaluedbasedonquotedprice.Further,governmentsecuritiesof₹73croreweretransferredfromLevel1toLevel2offairvaluehierarchy,sincethesewerevaluedbasedon market observable inputs. A one percentage point change in the unobservable inputs used in fair valuation of Level 3 assets and liabilities does not have a significant impact in its value. MajorityofinvestmentsoftheGrouparefairvaluedbasedonLevel1orLevel2inputs.Theseinvestmentsprimarilyincludeinvestmentinliquidmutualfundunits,targetmaturityfundunits, tax-free bonds, certificates ofdeposit,commercialpapers,treasurybills,governmentsecurities,non-convertible debentures,quoted bondsissued bygovernmentandquasi-government |\n| organizations.TheGroupinvestsafterconsideringcounterpartyrisksbasedonmultiplecriteriaincludingTierIcapital,CapitalAdequacyRatio,CreditRating,Profitability,NPAlevelsand Deposit base of banks and financial institutions. These risks are monitored regularly as per Group's risk management program. Financial risk management |\n| Financial risk factors TheGroup'sactivitiesexposeittoavarietyoffinancialrisks:marketrisk,creditriskandliquidityrisk.TheGroup'sprimaryfocusistoforeseetheunpredictabilityoffinancialmarketsand seektominimizepotentialadverseeffectsonitsfinancialperformance.TheprimarymarketrisktotheGroupisforeignexchangerisk.TheGroupusesderivativefinancialinstrumentsto |\n| mitigateforeignexchangerelatedriskexposures.TheGroup'sexposuretocreditriskisinfluencedmainlybytheindividualcharacteristicofeachcustomerandtheconcentrationofriskfrom the top few customers. |\n| Market risk TheGroupoperatesinternationallyandamajorportionofthebusinessistransactedinseveralcurrenciesandconsequentlytheGroupisexposedtoforeignexchangeriskthroughitssalesand servicesintheUnitedStatesandelsewhere,andpurchasesfromoverseassuppliersinvariousforeigncurrencies.TheGroupholdsderivativefinancialinstrumentssuchasforeignexchange forwardandoptioncontractstomitigatetheriskofchangesinexchangeratesonforeigncurrencyexposures.TheGroupisalsoexposedtoforeignexchangeriskarisingonintercompany transactioninforeigncurrencies.TheexchangeratebetweentheIndianrupeeandforeigncurrencieshaschangedsubstantiallyinrecentyearsandmayfluctuatesubstantiallyinthefuture. Consequently, the results of the Group’s operations are adversely affected as the rupee appreciates/ depreciates against these currencies. The following table analyses the foreign currency risk from financial assets and liabilities as at March 31, 2025: (In ₹ crore) Particulars U.S. dollars Euro United Kingdom Australian Other currencies Total Pound Sterling dollars |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 304, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "113614fef0db0c63", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 305\n\n| 2025 2024 Impact on the Group's incremental operating margins 0.43% 0.43% Sensitivityanalysisiscomputedbasedonthechangesintheincomeandexpensesinforeigncurrencyuponconversionintofunctionalcurrency,duetoexchangeratefluctuationsbetweenthe |\n|---|\n| previous reporting period and the current reporting period. |\n| Derivative financial instruments TheGroupprimarilyholdsderivativefinancialinstrumentssuchasforeigncurrencyforwardandoptioncontractstomitigatetheriskofchangesinexchangeratesonforeigncurrency |\n| exposures.Thecounterpartyforthesecontractsisgenerallyabank.Thesederivativefinancialinstrumentsarevaluedbasedonquotedpricesforsimilarassetsandliabilitiesinactivemarkets or inputs that are directly or indirectly observable in the marketplace. |\n| The details in respect of outstanding foreign currency forward and option contracts are as follows: Particulars As at As at March 31, 2025 March 31, 2024 |\n| In million In ₹ crore In million In ₹ crore Derivatives designated as cash flow hedges Forward contracts In Swiss Franc 53 513 - - In Euro - - 30 270 |\n| Option Contracts In Euro 341 3,140 236 2,121 In Australian dollars 93 500 106 573 In United Kingdom Pound Sterling 17 188 35 368 Other derivatives Forward contracts In U.S. dollars 1,284 10,976 1,423 11,866 In Euro 698 6,432 574 5,163 In Singapore dollars 133 849 171 1,046 In United Kingdom Pound Sterling 53 589 86 902 In Swiss Franc 51 495 17 158 In Danish Krone 152 188 100 121 In New Zealand dollars 37 181 30 149 In Norwegian Krone 167 136 130 100 In Australian dollars 24 126 14 75 500 75 - - |\n| In Philippine Peso In Czech Koruna 176 64 374 135 In Hungarian Forint 2,000 44 2,500 57 In Hongkong dollar 40 44 - - In Canadian dollars - - 15 92 In Chinese Yuan - - 43 49 In South African rand - - 85 37 Option Contracts In U.S. dollars 796 6,800 543 4,527 In Euro 179 1,648 100 897 In Australian dollars 11 57 20 111 Total forwards and options contracts 33,045 28,817 Thegrouprecognizedanetlossof₹99croreduring theyearendedMarch31,2025andanetgainof₹186crorefortheyearendedMarch31,2024,respectively,onderivativefinancial |\n| instruments not designated as cash flow hedges which are included in other income. Theforeignexchangeforwardandoptioncontractsmaturewithin12months.Thetablebelowanalysesthederivativefinancialinstrumentsintorelevantmaturitygroupingsbasedonthe remaining period as at the Balance Sheet date: (In ₹ crore) Particulars As at |\n| March 31, 2025 March 31, 2024 Not later than one month 15,506 10,877 Later than one month and not later than three months 16,641 15,963 Later than three months and not later than one year 898 1,977 Total 33,045 28,817 DuringtheyearendedMarch31,2025andMarch31,2024,theGrouphasdesignatedcertainforeignexchangeforwardandoptioncontractsascashflowhedgestomitigatetheriskof |\n| foreignexchangeexposureonhighlyprobableforecastcashtransactions.TherelatedhedgetransactionsforbalanceincashflowhedgesasofMarch31,2025areexpectedtooccurandwill be reclassified to the Consolidated Statement of Profit and Loss within 3 months. TheGroupdeterminestheexistenceofaneconomicrelationshipbetweenthehedginginstrumentandthehedgeditembasedonthecurrency,amountandtimingofitsforecastedcashflows. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 305, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "61a9063eac1b674f", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 306\n\n| relationshipwillberebalancedbyadjustingeitherthevolumeofthehedginginstrumentorthevolumeofthehedgeditemsothatthehedgeratioalignswiththeratiousedforriskmanagement purposes. Any hedge ineffectiveness is calculated and accounted for in the Consolidated Statement of Profit and Loss at the time of the hedge relationship rebalancing. The following table provides reconciliation of cash flow hedge reserve for the year ended March 31, 2025 and March 31, 2024: (In ₹ crore) Particulars Year ended March 31, 2025 2024 Gain/(Loss) |\n|---|\n| Balance at the beginning of the year 6 (5) Gain / (Loss) recognized in other comprehensive income during the year (5) 8 Amount reclassified to profit or loss during the year (27) 7 Tax impact on above 8 (4) Balance at the end of the year (18) 6 TheGroupoffsetsafinancialassetandafinancialliabilitywhenitcurrentlyhasalegallyenforceablerighttosetofftherecognizedamountsandtheGroupintendseithertosettleonanet |\n| basis, or to realize the asset and settle the liability simultaneously. The quantitative information about offsetting of derivative financial assets and derivative financial liabilities is as follows: (In ₹ crore) Particulars As at As at March 31, 2025 March 31, 2024 Derivative Derivative Derivative Derivative |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 306, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d1ad6c6850a56ed5", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 307\n\n| Credit risk Creditriskreferstotheriskofdefaultonitsobligationbythecounterpartyresultinginafinancialloss.Themaximumexposuretothecreditriskatthereportingdateisprimarilyfromtrade receivablesamountingto₹31,158croreand₹30,193croreasatMarch31,2025andMarch31,2024,respectivelyandunbilledrevenuesamountingto₹15,083croreand₹14,548croreasat March31,2025andMarch31,2024,respectively.Tradereceivablesandunbilledrevenuesaretypicallyunsecuredandarederivedfromrevenuesfromcustomersprimarilylocatedinthe |\n|---|\n| UnitedStatesofAmericaandEurope.Creditrisk hasalwaysbeenmanagedbytheGroupthroughcreditapprovals,establishingcreditlimitsandcontinuouslymonitoringthecreditworthiness ofcustomerstowhichtheGroupgrantscredittermsinthenormalcourseofbusiness.TheGroupusestheexpectedcreditlossmodeltoassessanyrequiredallowances;andusesaprovision matrixtocomputetheexpectedcreditlossallowancefortradereceivablesandunbilledrevenues.Thismatrixtakesintoaccountcreditreportsandotherrelatedcreditinformationtothe extent available. TheGroup'sexposuretocreditriskisinfluencedmainlybytheindividualcharacteristicofeachcustomerandtheconcentrationofriskfromthetopfewcustomers.Exposuretocustomersis |\n| diversified and there is no single customer contributing more than 10% of outstanding trade receivables and unbilled revenues. The following table gives details in respect of percentage of revenues generated from top five customers and top ten customers: (In %) Particulars Year ended March 31, |\n| 2025 2024 Revenue from five top customers 13.2 13.3 Revenue from top ten customers 20.5 20.0 Credit risk exposure |\n| The Group’s credit period generally ranges from 30-75 days. |\n| The allowance for lifetime ECL on customer balances for the year ended March 31, 2025 and March 31, 2024 was ₹108 crore and ₹90 crore, respectively. The movement in credit loss allowance on customer balance is as follows: (In ₹ crore) Particulars Year ended March 31, 2025 2024 |\n| Balance at the beginning 953 961 Impairment loss recognized/ (reversed), net 108 90 Amounts written off (91) (98) Translation differences 3 - Balance at the end 973 953 |\n| The gross carrying amount of a financial asset is written off (either partially or in full) when there is no realistic prospect of recovery. Credit exposure (In ₹ crore) Particulars As at |\n| March 31, 2025 March 31, 2024 Trade receivables 31,158 30,193 Unbilled revenues 15,082 14,548 |\n| Days sales outstanding was 69 days and 71 days as of March 31, 2025 and March 31, 2024, respectively. CreditriskoncashandcashequivalentsislimitedastheGroupgenerallyinvestindepositswithbankswithhighratingsassignedbyinternationalanddomesticcreditratingagencies.Ratings are monitored periodically and the Group has considered the latest available credit ratings as at the date of approval of these Consolidated financial statements. TheinvestmentsoftheGroupprimarilyincludeinvestmentinliquidmutualfundunits,targetmaturityfundunits,taxfreebonds,certificatesofdeposit,commercialpaper,treasurybills, |\n| governmentsecurities,non-convertibledebentures,quotedbondsissuedbygovernmentandquasigovernmentorganizations.TheGroupinvestsafterconsideringcounterpartyrisksbasedon multiplecriteriaincludingTierICapital,CapitalAdequacyRatio,creditrating,profitability,NPAlevelsanddepositbaseofbanksandfinancialinstitutions.Theserisksaremonitored regularly as per Group’s risk management program. |\n| Liquidity risk |\n| Liquidity risk is defined as the risk that the Group will not be able to settle or meet its obligations on time. TheGroup'sprincipalsourcesofliquidityarecashandcashequivalentsandthecashflowthatisgeneratedfromoperations.TheGrouphasnooutstandingborrowings.TheGroupbelieves |\n| that the working capital is sufficient to meet its current requirements. AsatMarch31,2025,theGrouphadaworkingcapitalof₹54,249croreincludingcashandcashequivalentsof₹24,455croreandcurrentinvestmentsof₹12,482crore.AsatMarch31, |\n| 2024, the Group had a working capital of ₹50,638 crore including cash and cash equivalents of ₹14,786 crore and current investments of ₹12,915 crore. AsatMarch31,2025andMarch31,2024,theoutstandingcompensatedabsenceswere₹3,007croreand₹2,711crore,respectively,whichhavebeensubstantiallyfunded.Accordinglyno |\n| liquidity risk is perceived. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 307, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "c747ae52afe906b5", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 309\n\n| 2.12 EQUITY Accounting policy Ordinary Shares Ordinarysharesareclassifiedasequitysharecapital.Incrementalcostsdirectlyattributabletotheissuanceofnewordinaryshares,shareoptionsandbuybackarerecognizedasadeductionfromequity,netofanytax effects. Treasury Shares WhenanyentitywithintheGrouppurchasesthecompany'sordinaryshares,theconsiderationpaidincludinganydirectlyattributableincrementalcostispresentedasadeductionfromtotalequity,untiltheyare cancelled,soldorreissued.Whentreasurysharesaresoldorreissuedsubsequently,theamountreceivedisrecognizedasanincreaseinequity,andtheresultingsurplusordeficitonthetransactionistransferredto/ from securities premium. Description of reserves Capital Redemption Reserve Inaccordancewithsection69oftheIndianCompaniesAct,2013,theCompanycreatescapitalredemptionreserveequaltothenominalvalueofthesharesboughtbackasanappropriationfromgeneralreserve/ |\n|---|\n| retained earnings. Retained earnings Retained earnings represent the amount of accumulated earnings of the Group. Securities premium The amount received in excess of the par value of equity shares has been classified as securities premium. Amounts have been utilized for bonus issue and share buyback from share premium account. Share options outstanding account Theshareoptionsoutstandingaccountisusedtorecordthefairvalueofequity-settledsharebasedpaymenttransactionswithemployees.Theamountsrecordedinshareoptionsoutstandingaccountaretransferredto securities premium upon exercise of stock options and transferred to general reserve on account of stock options not exercised by employees. Special Economic Zone Re-investment reserve TheSpecialEconomicZoneRe-investmentreservehasbeencreatedoutoftheprofitoftheeligibleSEZunitintermsoftheprovisionsofSec10AA(1)(ii)ofIncomeTaxAct,1961.Thereserveshouldbeutilizedby the Company for acquiring new plant and machinery for the purpose of its business in terms of the provisions of the Sec 10AA (2) of the Income Tax Act, 1961. Other components of equity |\n| Othercomponentsofequityincludecurrencytranslation,remeasurementofnetdefinedbenefitliability/asset,equityinstrumentsfairvaluedthroughothercomprehensiveincome,changesonfairvaluationof investments and changes in fair value of derivatives designated as cash flow hedges, net of taxes. Currency translation reserve |\n| TheexchangedifferencesarisingfromthetranslationoffinancialstatementsofforeignsubsidiarieswithfunctionalcurrencyotherthanIndianrupeesisrecognizedinothercomprehensiveincomeandispresented within equity. Cash flow hedge reserve Whenaderivativeisdesignatedasacashflowhedginginstrument,theeffectiveportionofchangesinthefairvalueofthederivativeisrecognizedinothercomprehensiveincomeandaccumulatedinthecashflow hedgingreserve.ThecumulativegainorlosspreviouslyrecognizedinthecashflowhedgingreserveistransferredtotheConsolidatedStatementofProfitandLossupontheoccurrenceoftherelatedforecasted transaction. EQUITY SHARE CAPITAL |\n| (In ₹ crore, except as otherwise stated) Particulars As at March 31, 2025 March 31, 2024 Authorized Equity shares, ₹5 par value 480,00,00,000 (480,00,00,000) equity shares 2,400 2,400 Issued, Subscribed and Paid-Up Equity shares, ₹5 par value(1) 2,073 2,071 414,36,07,528 (413,99,50,635) equity shares fully paid-up(2) 2,073 2,071 Note: Forfeited shares amounted to ₹1,500 (₹1,500) (1) Refer to Note 2.23 for details of basic and diluted shares |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 309, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "7215fda758d25d54", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 310\n\n| The Company has on Capital allocation p Effectivefromfinanc and/orsharebuyback dividend if any). Free cash flow is defi TheCompany’sobje | ly one class of equ olicy ialyear2025,the /specialdividend ned as net cash pr ctivewhenmanag | ity shares Company ssubject ovided by ingcapit | . expectstocontinu toapplicablelaws operating activitie alistosafeguardi | eitspolicyofre andrequisiteap s less capital exp tsabilitytocont | turning provals, enditure inueas | approximat ifany.Un as per the agoingcon | ely85%ofth derthispolic consolidated cernandto | efreeca y,theC stateme maintain | shflowcumul ompanyexpect nt of cash flows anoptimalcap | ativelyove stoprogr prepared italstruct | ra5-ye essively under IF uresoa | arpe incre RS. sto | riodthrou aseitsan Dividend maximize | ghacombi nualdivide and buybac shareholder | nationof ndpersh k include value.I | semi-annualdiv are(excludings applicable taxes nordertomaint | idends pecia . aino |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| achieveanoptimalca one class of equity sh | pitalstructure,th ares and has no d | eCompan ebt. Conse | ymayadjustthea quent to the above | mountofdividen capital structure | dpayme there ar | nt,returnc e no extern | apitaltoshar ally imposed | eholders capital r | ,issuenewsha equirements. | resorbuy | backiss | ueds | hares.As | ofMarch3 | 1,2025, | theCompanyha | sonly |\n| 2.12.2 Shareholding Shares held by prom Promoter name Sudha Gopalak Rohan Murty S. Gopalakrish Nandan M. Nil Akshata Murty Asha Dinesh Sudha N. Murt Rohini Nilekan Dinesh Krishna Shreyas Shibul N. R. Narayana Nihar Nilekani Janhavi Nileka Kumari Shibula Deeksha Dines Divya Dinesh Meghana Gopa Shruti Shibulal S. D. Shibulal Promoters Gr Ekagrah Rohan Gaurav Manch | of promoter oters as at Marc rishnan nan ekani y i swamy al Murthy ni l h lakrishnan oup Murty anda | h 31, 202 | 5 and the change | during the yea | r ended | March 31, | 2025: |  |  |  | No. of s | hare 95,35 60,81 31,85 40,78 38,95 38,57 34,55 34,33 32,47 19,92 15,14 12,67 8,58 4,94 7,64 7,64 14,83 8,70 5,20 1,50 5,77 | s % 7,000 2,892 3,808 3,162 7,096 9,304 0,626 5,092 9,590 9,860 5,638 7,752 9,721 5,935 6,684 6,684 4,928 5,651 8,673 0,000 3,233 | of total sh | ares 2.30% 1.46% 0.77% 0.98% 0.94% 0.93% 0.83% 0.83% 0.78% 0.48% 0.36% 0.31% 0.21% 0.12% 0.18% 0.18% 0.36% 0.21% 0.13% 0.04% 0.14% | % Change du the year (6 21 (53 | ring - - - - - - - - .54%) - - - - 8.01% .90%) |\n| Milan Shibulal Nikita Shibulal Bhairavi Madh Shray Chandra Tanush Nilekan The percentage share 2.12.3 Dividend Thefinaldividendo Incometaxconseque profits. TheCompanydeclar foreign exchange and The amount of per sh Particulars Interim dividend for f Special dividend for f Final dividend for fis Interim dividend for f Final dividend for fis During the year ende dividend paid on trea TheBoardofDirect | Manchanda Manchanda usudhan Shibulal i Chandra holding above has nsharesisrecord ncesofdividends esandpaysdivide is also subject to are dividend reco iscal 2025 iscal 2024 cal 2024 iscal 2024 cal 2023 d March 31, 2025 sury shares) orsintheirmeeti | been com edasali onfinanc ndsinInd withholdi gnized as , on accou ngheldo | puted considering abilityonthedate ialinstrumentscla ianrupees.Comp ng tax at applicable distribution to equ nt of the final and nApril17,2025r | the outstanding ofapprovalbyt ssifiedasequity aniesarerequire rates. ity shareholders i special dividend ecommendeda | number heshare willbe dtopay/ n accord for fisca finaldiv | of shares o holdersan recognized distributed ance with l 2024 and idendof₹ | f 4,153,263,4 dinterimdivi accordingto ividendafter Companies A interim divid 22/-perequi | 55 as at dendsa wheret deducti ct 2013 end for f tyshare | March 31, 202 rerecordedas heentityorigin ngapplicableta is as follows: iscal 2025, the forthefinanci | 5. aliability allyrecogn xes.Ther Company alyearen | onthe izedtho emittan has incu dedMa | 6,10 6,10 5,42 71 3,35 dateo sepa ceof rred rch3 | 6,302 6,302 7,875 9,424 6,017 fdeclara sttransac dividends a net cash 1,2025. | tionbythe tionsoreve outsideInd Ye outflow of Thepayme | 0.15% 0.15% 0.13% 0.02% 0.08% Company ntsthatg iaisgove ar ended 2025 21.00 8.00 20.00 — — ₹20,295 ntissubj | (6 (6 (9 'sBoardofDir enerateddistrib rnedbyIndianl March 31, crore (excluding ecttotheappro | .25%) .25%) .86%) - - ectors utable awon (in ₹) 2024 — — — 18.00 17.50 valo |\n| shareholders in the A The details of shareh Name of the shareh | GM of the Compa olders holding mo older | ny to be h re than 5% | eld on June 25, 20 shares as at Marc | 25 and if approv h 31, 2025 and | ed, wou March 3 | ld result in 1, 2024 are | a net cash out as follows: | flow of | approximately As | ₹9,116 cr at March | ore (excl 31, 20 | udin 25 | g dividend | paid on tre As | asury sha at Marc | res). h 31, 2024 |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 310, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "a2af8130351f89f3", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 311\n\n| As at the beginning of the year 413,99,50,635 2,071 413,63,87,925 2,069 Add: Shares issued on exercise of employee stock options 36,56,893 2 35,62,710 2 As at the end of the year 414,36,07,528 2,073 413,99,50,635 2,071 2.12.4 Employee Stock Option Plan (ESOP): Accounting policy TheGrouprecognizescompensationexpenserelatingtoshare-basedpaymentsinnetprofitbasedonestimatedfairvaluesoftheawardsonthegrantdate.Theestimatedfairvalueofawardsisrecognizedasan |\n|---|\n| expenseinthestatementofprofitandlossonastraight-linebasisovertherequisiteserviceperiodforeachseparatelyvestingportionoftheawardasiftheawardwasin-substance,multipleawardswitha corresponding increase to share options outstanding account. Infosys Expanded Stock Ownership Program 2019 (the 2019 Plan) : OnJune22,2019pursuanttoapprovalbytheshareholdersintheAnnualGeneralMeeting,theBoardhasbeenauthorizedtointroduce,offer,issueandprovideshare-basedincentivestoeligibleemployeesofthe Companyanditssubsidiariesunderthe2019Plan.Themaximumnumberofsharesunderthe2019Planshallnotexceed5,00,00,000equityshares.Toimplementthe2019Plan,upto4,50,00,000equitysharesmay beissuedbywayofsecondaryacquisitionofsharesbyInfosysExpandedStockOwnershipTrust.TheRestrictedStockUnits(RSUs)grantedunderthe2019Planshallvestbasedontheachievementofdefinedannual |\n| performanceparametersasdeterminedbytheadministrator(NominationandRemunerationCommittee).TheperformanceparameterswillbebasedonacombinationofrelativeTotalShareholderReturn(TSR) againstselectedindustrypeersandcertainbroadermarketdomesticandglobalindicesandoperatingperformancemetricsoftheCompanyasdecidedbyadministrator.Eachoftheaboveperformanceparameterswill be distinct for the purposes of calculation of quantity of shares to vest based on performance. These instruments will generally vest between a minimum of 1 to maximum of 3 years from the grant date. |\n| 2015 Stock Incentive Compensation Plan (the 2015 Plan) : OnMarch31,2016,pursuanttotheapprovalbytheshareholdersthroughpostalballot,theBoardwasauthorizedtointroduce,offer,issueandallotshare-basedincentivestoeligibleemployeesoftheCompanyand itssubsidiariesunderthe2015StockIncentiveCompensationPlan.Themaximumnumberofsharesunderthe2015Planshallnotexceed2,40,38,883equityshares(thisincludes1,12,23,576equityshareswhichare |\n| heldbythetrusttowardsthe2011PlanasatMarch31,2016).Theseinstrumentswillgenerallyvestoveraperiodof4years.TheplannumbersmentionedabovearefurtheradjustedwiththeSeptember2018bonus issue. TheequitysettledandcashsettledRSUsandstockoptionswouldvestgenerallyoveraperiodof4yearsandshallbeexercisablewithintheperiodasapprovedbytheNominationandRemunerationCommittee (NARC). The exercise price of the RSUs will be equal to the par value of the shares and the exercise price of the stock options would be the market price as on the date of grant. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 311, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "91053403d8c4e232", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 312\n\n| The following is the summary of grants made during year ended March 31, 2025 and March 31, 2024: Particulars 2019 Plan 2015 Plan Year ended March 31, Year ended March 31, 2025 2024 2025 2024 Equity Settled RSUs Key Management Personnel (KMP) 119,699 141,171 380,842 498,730 Employees other than KMP 3,624,646 4,046,731 1,874,690 4,640,640 3,744,345 4,187,902 2,255,532 5,139,370 Cash settled RSUs Key Management Personnel (KMP) - - - - |\n|---|\n| Employees other than KMP - - 94,050 176,990 - - 94,050 176,990 Total Grants 3,744,345 4,187,902 2,349,582 5,316,360 Notes on grants to KMP: CEO & MD Under the 2015 Plan: TheBoard,onApril18,2024,basedontherecommendationsoftheNominationandRemunerationCommitteeapprovedthefollowinggrantsforfiscal2025.Inaccordancewithsuchapprovalthefollowinggrants were made effective May 2, 2024. -245,679performance-basedRSUs(Annualperformanceequitygrant)offairvalueof₹34.75crore.TheseRSUswillvestinlinewiththeemploymentagreementbasedonachievementofcertainperformance targets. -14,140performance-basedgrantofRSUs(AnnualperformanceequityESGgrant)offairvalueof₹2crore.TheseRSUswillvestinlinewiththeemploymentagreementbasedonachievementofcertain |\n| environment, social and governance milestones as determined by the Board. -35,349performance-basedgrantofRSUs(AnnualperformanceEquityTSRgrant)offairvalueof₹5crore.TheseRSUswillvestinlinewiththeemploymentagreementbasedonCompany’sperformanceon cumulative relative TSR over the years and as determined by the Board. Further,inaccordancewiththeemployeeagreementwhichhasbeenapprovedbytheshareholders,theCEOiseligibletoreceiveanannualgrantofRSUsoffairvalue₹3crorewhichwillvestovertimeinthreeequal |\n| annual installments upon the completion of each year of service from the respective grant date. Accordingly, annual time-based grant of 16,204 RSUs was made effective February 1, 2025 for fiscal 2025. ThoughtheannualtimebasedgrantsandannualperformanceequityTSRgrantfortheremainingemploymenttermendingonMarch31,2027havenotbeengrantedasofMarch31,2025,sincetheservice commencementdateprecedesthegrantdate,thecompanyhasrecordedemploymentstockcompensationexpenseinaccordancewithIndAS102,Sharebasedpayment.Thegrantdateforthispurposeinaccordance |\n| with Ind AS 102, Share based payment is July 01, 2022. Under the 2019 Plan: TheBoard,onApril18,2024,basedontherecommendationsoftheNominationandRemunerationCommittee,approvedperformance-basedgrantofRSUsamountingto₹10croreforfiscal2025underthe2019 |\n| Plan. These RSUs will vest based on achievement of certain performance targets. Accordingly, 70,699 performance based RSU’s were granted effective May 2, 2024. Other KMP Under the 2015 Plan: |\n| DuringtheyearendedMarch31,2025,basedonrecommendationsofNominationandRemunerationCommittee,theBoardapproved69,470timebasedRSUstootherKMPunderthe2015plan.TimebasedRSUs will vest over four years. Under the 2019 Plan: |\n| DuringtheyearendedMarch31,2025,basedonrecommendationsofNominationandRemunerationCommittee,theBoardapprovedperformancebasedgrantsof49,000 RSUstootherKMPsunderthe2019plan. These RSUs will vest over three years based on achievement of certain performance targets. The break-up of employee stock compensation expense is as follows: (in ₹ crore) Particulars Year ended March 31, 2025 2024 Granted to: |\n| KMP 70 68 Employees other than KMP 732 584 Total (1) 802 652 (1) Cash-settled stock compensation expense included in the above 17 13 The activity in the 2015 and 2019 Plan for equity-settled share based payment transactions during the year ended March 31, 2025 and March 31, 2024 is set out as follows: Year ended March 31, 2025 Year ended March 31, 2024 Particulars Shares arising out Weighted average Shares arising out of Weighted average of options exercise price (₹) options exercise price (₹) 2015 Plan: RSU Outstanding at the beginning 80,76,058 5.00 54,08,018 5.00 Granted 22,55,532 5.00 51,39,370 5.00 Exercised 20,80,865 5.00 18,15,025 5.00 Forfeited and expired 9,91,261 5.00 6,56,305 5.00 |\n| Outstanding at the end 7,259,464 5.00 80,76,058 5.00 Exercisable at the end 6,29,138 4.97 8,31,050 4.98 2015 Plan: Employee Stock Options (ESOPs) Outstanding at the beginning 82,050 551 1,34,030 529 Granted - - - - Exercised 61,672 573 51,980 499 Forfeited and expired 2,824 499 - - Outstanding at the end 17,554 499 82,050 551 Exercisable at the end 17,554 499 82,050 551 2019 Plan: RSU Outstanding at the beginning 80,23,855 5.00 72,22,038 5.00 Granted 37,44,345 5.00 41,87,902 5.00 Exercised 15,14,356 5.00 16,95,705 5.00 |\n| Forfeited and expired 21,81,209 5.00 16,90,380 5.00 Outstanding at the end 8,072,635 5.00 80,23,855 5.00 Exercisable at the end 7,70,321 5.00 8,14,798 5.00 The weighted average share price of option exercised is set out as follows: (in ₹) 2019 Plan 2015 Plan |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 312, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "b22af4f272dfafac", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 313\n\n| Range of exercise prices per share (₹) arising out of remaining exercise price (₹) arising out of remaining exercise price (₹) options contractual life options contractual life 0 - 5 (RSU) 8,072,635 1.23 5.00 7,259,464 1.51 5.00 450 - 640 (ESOP) - - - 17,554 0.58 499 The summary of information about equity settled RSUs and ESOPs outstanding as at March 31, 2024 is as follows: 2019 Plan - Options outstanding 2015 Plan - Options outstanding No. of sharesWeighted averageWeighted averageNo. of sharesWeighted averageWeighted average Range of exercise prices per share (₹) arising out ofremaining exercise price (₹) arising out ofremaining exercise price (₹) options contractual life options contractual life |\n|---|\n| 0 - 5 (RSU) 80,23,855 1.42 5.00 80,76,058 1.77 5.00 450 - 640 (ESOP) - - - 82,050 1.10 551 AsatMarch31,2025andMarch31,2024,2,88,384and2,91,795cashsettledoptionswereoutstandingrespectively.Thecarryingvalueofliabilitytowardscashsettledsharebasedpaymentswas₹18croreand₹13 crore as at March 31, 2025 and March 31, 2024 respectively. The fair value of the awards are estimated using the Black-Scholes Model for time and non-market performance based options and Monte Carlo simulation model is used for TSR based options. Theinputstothemodelincludethesharepriceatdateofgrant,exerciseprice,expectedvolatility,expecteddividends,expectedtermandtheriskfreerateofinterest.Expectedvolatilityduringtheexpectedtermof theoptionsisbasedonhistoricalvolatilityoftheobservedmarketpricesoftheCompany'spubliclytradedequitysharesduringaperiodequivalenttotheexpectedtermoftheoptions.Expectedvolatilityofthe comparativecompanyhavebeenmodelledbasedonhistoricalmovementsinthemarketpricesoftheirpubliclytradedequitysharesduringaperiodequivalenttotheexpectedtermoftheoptions.Correlation |\n| coefficient is calculated between each peer entity and the indices as a whole or between each entity in the peer group. The fair value of each equity settled award is estimated on the date of grant using the following assumptions: Particulars For options granted in Fiscal 2025- Fiscal 2025- Fiscal 2024- Fiscal 2024- Equity Shares-RSU ADS-RSU Equity Shares-RSU ADS-RSU Weighted average share price (₹) / ($ ADS) 1,808 21.44 1,588 19.19 Exercise price (₹) / ($ ADS) 5.00 0.07 5.00 0.07 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 313, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "139b9eb02a76a472", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 314\n\n| Accrued expenses (1) 1,890 1,779 Compensated absences 99 89 Financial liability under option arrangements (2) # 115 98 Payable for acquisition of business - Contingent consideration (2) 20 — Other Payables (1)(4) 5 157 Total non-current other financial liabilities 2,141 2,130 Current Unpaid dividends (1) 45 37 Others Accrued compensation to employees (1) 4,924 4,454 Accrued expenses (1) 8,467 8,224 Payable for acquisition of business - Contingent consideration (2) 11 — (1) |\n|---|\n| Payable by controlled trusts 173 211 Compensated absences 2,908 2,622 Financial liability under option arrangements (2) # 552 499 Foreign currency forward and options contracts (2) (3) 63 31 Capital creditors (1) 520 310 Other payables (1)(4) 475 571 Total current other financial liabilities 18,138 16,959 Total other financial liabilities |\n| 20,279 19,089 (1) Financial liability carried at amortized cost 16,511 15,750 (2) Financial liability carried at fair value through profit or loss 728 627 (3) Financial liability carried at fair value through other comprehensive income 33 1 Financial liability under option arrangements on an undiscounted basis 761 690 Contingent consideration on undiscounted basis 33 — (4)TheGroupenteredintofinancingarrangementswithathirdpartytowardstechnologyassetstakenoverbytheGroupfromacustomerasapartoftransformationprojectwhichwasnot |\n| consideredasdistinctgoodsorservicesasthecontrolrelatedtothoseassetswasnottransferredtotheGroupinaccordancewithIndAS115-Revenuefromcontractwithcustomers.Asat March 31, 2025 and March 31, 2024, the financial liability pertaining to such arrangements amounts to ₹67 crore and ₹372 crore, respectively. # Represents liability related to options issued by the Group over the non-controlling interests in its subsidiaries Accruedexpensesprimarilyrelatetocostoftechnicalsub-contractors,telecommunicationcharges,legalandprofessionalcharges,brandbuildingexpenses,overseastravelexpenses,office maintenance and cost of third party software and hardware. 2.14 TRADE PAYABLES (In ₹ crore) Particulars As at March 31, 2025 March 31, 2024 |\n| Outstanding dues of micro enterprises and small enterprises (MSME) 8 101 Outstanding dues of creditors other than micro enterprises and small enterprises(1) 4,156 3,855 Total trade payables 4,164 3,956 Trade payables ageing schedule for the year ended as on March 31, 2025 and March 31, 2024: (In ₹ crore) Particulars Outstanding for following periods from due date of payment Not Due Less than 1 year 1-2 years 2-3 years More than 3 years Total |\n| Outstanding dues to MSME 8 - - - - 8 101 - - - - 101 Others 3 ,742 4 14 - - - 4 ,156 3,688 167 - - - 3,855 Total trade payables 3 ,750 4 14 - - - 4,164 3,789 167 - - - 3,956 Relationship with struck off companies |\n| There are no transactions with struck off companies for the year ending March 31, 2025 and March 31, 2024. 2.15 OTHER LIABILITIES (In ₹ crore) Particulars As at March 31, 2025 March 31, 2024 |\n| Non-current Others Accrued defined benefit liability 115 159 Others 100 76 Total non-current other liabilities 215 235 Current Unearned revenue 8,492 7,341 Others Withholding taxes and others 3,256 3,185 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 314, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "9a226c93f94917d0", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 315\n\n| Group settles the obligation. a. Post sales client support TheGroupprovidesitsclientswithafixed-periodpostsalessupportonitsfixed-price,fixed-timeframecontracts.Costsassociatedwithsuchsupportservicesareaccruedatthetimerelated revenuesarerecordedandincludedinConsolidatedStatementofProfitandLoss.TheGroupestimatessuchcostsbasedonhistoricalexperienceandestimatesarereviewedonaperiodic basis for any material changes in assumptions and likelihood of occurrence. b. Onerous contracts ProvisionsforonerouscontractsarerecognizedwhentheexpectedbenefitstobederivedbytheGroupfromacontractarelowerthantheunavoidablecostsofmeetingthefutureobligations |\n|---|\n| underthecontract.Provisionsforestimatedlosses,ifany,onincompletecontractsarerecordedintheperiodinwhichsuchlossesbecomeprobablebasedontheestimatedeffortsorcoststo completethecontract.Theprovisionismeasuredatthepresentvalueoftheloweroftheexpectedcostofterminatingthecontractandtheexpectednetcostofcontinuingwiththecontract. Before a provision is established the Group recognizes any impairment loss on the assets associated with that contract. Provision for post-sales client support and other provisions: (In ₹ crore) Particulars As at March 31, 2025 March 31, 2024 Current |\n| Others Post-sales client support and others 1,325 1,796 Other provisions pertaining to settlement (refer to note 2.24.2) 150 — Total provisions 1,475 1,796 The movement in the provision for post-sales client support and others is as follows: (In ₹ crore) Particulars Year ended March 31, 2025 |\n| Balance at the beginning 1,796 Provision recognized / (reversed) 166 Provision utilized (676) Translation difference 39 Balance at the end 1,325 Provisionforpostsalesclientsupportandotherprovisionsmajorlyrepresentscostsassociatedwithprovidingsalessupportserviceswhichareaccruedatthetimeofrecognitionofrevenues |\n| and are expected to be utilized over a period of 1 year. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 315, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d8983ce6714532e4", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 316\n\n| 2.17 INCOME TAXES Accounting policy Incometaxexpensecomprisescurrentanddeferredincometax.IncometaxexpenseisrecognizedinnetprofitintheConsolidatedStatementofProfitandLossexcepttothe extentthatitrelatestoitemsrecognizeddirectlyinequity,inwhichcaseitisrecognizedinequityorothercomprehensiveincome.Currentincometaxforcurrentandprior periodsisrecognizedattheamountexpectedtobepaidtoorrecoveredfromthetaxauthorities,usingthetaxratesandtaxlawsthathavebeenenactedorsubstantively enactedbytheBalanceSheetdate.Deferredincometaxassetsandliabilitiesarerecognizedforalltemporarydifferencesarisingbetweenthetaxbasesofassetsandliabilities andtheircarryingamountsinthefinancialstatementsexceptwhenthedeferredincometaxarisesfromtheinitialrecognitionofgoodwilloranassetorliabilityinatransaction thatisnotabusinesscombinationandaffectsneitheraccountingnortaxableprofitorlossatthetimeofthetransaction.Deferredtaxassetsarereviewedateachreportingdate |\n|---|\n| and are reduced to the extent that it is no longer probable that the related tax benefit will be realized. DeferredincometaxassetsandliabilitiesaremeasuredusingtaxratesandtaxlawsthathavebeenenactedorsubstantivelyenactedbytheBalanceSheetdateandareexpected toapplytotaxableincomeintheyearsinwhichthosetemporarydifferencesareexpectedtoberecoveredorsettled.Theeffectofchangesintaxratesondeferredincometax assetsandliabilitiesisrecognizedasincomeorexpenseintheperiodthatincludestheenactmentorthesubstantiveenactmentdate.Adeferredincometaxassetisrecognized totheextentthatitisprobablethatfuturetaxableprofitwillbeavailableagainstwhichthedeductibletemporarydifferencesandtaxlossescanbeutilized.Deferredincome taxesarenotprovidedontheundistributedearningsofsubsidiariesandbrancheswhereitisexpectedthattheearningsofthesubsidiaryorbranchwillnotbedistributedinthe foreseeable future. TheGroupoffsetscurrenttaxassetsandcurrenttaxliabilities;deferredtaxassetsanddeferredtaxliabilities,whereithasalegallyenforceablerighttosetofftherecognized amountsandwhereitintendseithertosettleonanetbasis,ortorealizetheassetandsettletheliabilitysimultaneously.Theincometaxprovisionfortheinterimperiodis madebasedonthebestestimateoftheannualaveragetaxrateexpectedtobeapplicableforthefullfinancialyear.Taxbenefitsofdeductionsearnedonexerciseofemployee share options in excess of compensation charged to income are credited to equity. Income tax expense in the Consolidated Statement of Profit and Loss comprises: |\n| (In ₹ crore) Particulars Year ended March 31, 2025 2024 Current taxes 12,130 8,390 Deferred taxes (1,272) 1,350 Income tax expense 10,858 9,740 A reconciliation of the income tax provision to the amount computed by applying the statutory income tax rate to the income before income taxes is summarized below: (In ₹ crore) Particulars Year ended March 31, 2025 2024 Profit before income taxes 37,608 35,988 Enacted tax rates in India 25.17% 34.94% Computed expected tax expense 9,465 12,576 Tax effect due to non-taxable income for Indian tax purposes - (3,009) |\n| Overseas taxes 1,109 1,128 Tax provision (reversals) 132 (937) Effect of exempt non-operating income (31) (49) Effect of unrecognized deferred tax assets 161 203 Effect of differential tax rates (79) (568) Effect of non-deductible expenses 276 165 Others (175) 231 Income tax expense 10,858 9,740 The applicable Indian corporate statutory tax rate for the year ended March 31, 2025 is 25.17% and for the year ended March 31, 2024 is 34.94%. IncometaxexpensefortheyearendedMarch31,2025andMarch31,2024includesprovisions(netofreversals)of₹132croreandreversals(netofprovisions)of₹937 |\n| crore,respectively.Theseprovisionsandreversalspertainingtopriorperiodsareprimarilyonaccountofadjudicationofcertaindisputedmatters,uponfilingoftaxreturnand completion of assessments, across various jurisdictions. DuringtheyearendedMarch31,2025,theCompanyreceivedordersundersection250oftheIncomeTaxAct,1961,fromtheIncomeTaxAuthoritiesinIndiaforthe assessmentyears,2016-17and2019-20.TheseordersconfirmedtheCompany'spositionwithrespecttotaxtreatmentofcertaincontentiousmatters.Asaresultinterest |\n| income(pre-tax)of₹327crorewasrecognisedandprovisionforincometaxaggregating₹183crorewasreversedwithacorrespondingcredittotheStatementofProfitand Loss. Also, upon resolution of the disputes, an amount aggregating to ₹1,068 crore has been reduced from contingent liabilities. DuringtheyearendedMarch31,2024,theCompanyreceivedordersundersections250and254oftheIncomeTaxAct,1961,fromtheIncomeTaxAuthoritiesinIndiafor theassessmentyears,2007-08to2015-16,2017-18and2018-19.TheseordersconfirmedtheCompany'spositionwithrespecttotaxtreatmentofcertaincontentiousmatters. |\n| Asaresultinterestincome(pre-tax)of₹1,933crorewasrecognizedandprovisionforincometaxaggregating₹525crorewasreversedwithacorrespondingcredittothe Statement of Profit and Loss. Also, upon resolution of the disputes, an amount aggregating to ₹ 1,628 crore has been reduced from contingent liabilities. TheforeigntaxexpenseisduetoincometaxespayableoverseasprincipallyintheUnitedStates.InIndia,theGrouphasbenefitedfromcertaintaxincentivesthatthe GovernmentofIndiahadprovidedforexportofsoftwareandservicesfromtheunitsregisteredundertheSpecialEconomicZones(SEZs)Act,2005intheprioryears.SEZ unitswhichbegantheprovisionofservicesonorafterApril1,2005areeligibleforadeductionof100%ofprofitsorgainsderivedfromtheexportofservicesforthefirst |\n| fiveyearsfromthefinancialyearinwhichtheunitcommencedtheprovisionofservicesand50%ofsuchprofitsorgainsforfurtherfiveyears.Upto50%ofsuchprofitsor gainsisalsoavailableforafurtherfiveyearssubjecttocreationofaSpecialEconomicZonere-InvestmentReserveoutoftheprofitoftheeligibleSEZunitsandutilizationof suchreservebytheGroupforacquiringnewplantandmachineryforthepurposeofitsbusinessaspertheprovisionsoftheIncomeTaxAct,1961.(RefertoSpecial Economic Zone Re-investment reserve under Note 2.12 Equity) |\n| Deferred income tax for the year ended March 31, 2025 and March 31, 2024 substantially relates to origination and reversal of temporary differences. Infosysissubjecttoa15%BranchProfitTax(BPT)intheU.S.totheextentitsU.S.branch'snetprofitduringtheyearisgreaterthantheincreaseinthenetassetsoftheU.S. branchduringtheyear,computedinaccordancewiththeInternalRevenueCode.AsatMarch31,2025,Infosys'U.S.branchnetassetsamountedtoapproximately₹7,755 |\n| crore.AsatMarch31,2025,theCompanyhasadeferredtaxliabilityforBranchProfitTaxof₹271crore(netofcredits),astheCompanyestimatesthatthesebranchprofits are expected to be distributed in the foreseeable future Deferredincometaxliabilitieshavenotbeenrecognizedontemporarydifferencesamountingto₹16,593croreand₹10,776croreasatMarch31,2025andMarch31,2024, respectively,associatedwithinvestmentsinsubsidiariesandbranchesastheCompanyisabletocontrolthetimingofreversalofthetemporarydifferenceanditisprobable |\n| thatthetemporarydifferenceswillnotreverseintheforeseeablefuture.TheGroupmajorlyintendstorepatriateearningsfromsubsidiariesandbranchesonlytotheextent these can be distributed in a tax free manner. Deferredincometaxassetshavenotbeenrecognizedonaccumulatedlossesof₹4,597croreand₹4,668croreasatMarch31,2025andMarch31,2024,respectively,asitis |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 316, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "a27bb9243c834fba", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 317\n\n| 2027 2028 2029 2030 Thereafter Total The following Year 2025 | table pr | ovides details of exp | iration of | unused tax losses | as at | March 31, | 2024: |  |  |  | (In ₹ March 3 | 508 686 443 2,611 4,597 crore) As at 1, 2024 13 202 |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| 2026 2027 2028 2029 Thereafter Total The following Particulars | table pr | ovides the details of | income ta | x assets and incom | e tax | liabilities | as at March | 31, 2025 and March 31, 20 | 24: | As | (In ₹ at | 128 467 684 3,174 4,668 crore) |\n| Income tax ass Current incom Net current in The gross mov Particulars | ets e tax lia come t ement i | bilities ax asset / (liability) n the current income | at the en tax assets | d / (liabilities) for th | e yea | r ended M | arch 31, 202 | 5 and March 31, 2024 is a | Mar s follows: | ch 31, 2025 4,597 4,853 (256) Year ended | March 3 (In ₹ March 31, | 1, 2024 9,442 3,585 5,857 crore) |\n| Net current in Income tax pai Interest receiva Current incom Income tax ben Additions thro Income tax on Translation dif Net current in * net of refund The movement Particulars | come t d* ble on i e tax ex efit aris ugh bus other co ference come t in gros | ax asset / (liability) ncome tax refund pense ing on exercise of st iness combination mprehensive incom s ax asset / (liability) s deferred income ta | at the be ock optio e at the en x assets / | ginning ns d liabilities (before s | et off Carr valu at A 1, 2 | ) for the ye ying e as pril p 024 | ar ended M Changes through rofit and loss | arch 31, 2025 is as follows: Addition Changes through business combination | through OCI | 2025 5,857 5,602 327 (12,130) 39 (1) 19 31 (256) Translation difference | (In ₹ Carrying v at Ma | 2024 3,075 9,231 1,934 (8,390) 3 - 4 - 5,857 crore) alue as rch 31, 2025 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 317, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "3e0aa757710c00b8", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 318\n\n| Compensated absences 576 50 - - 1 627 Post sales client support 248 (192) - - - 56 Credits related to branch profits 718 84 - - 9 811 Derivative financial instruments - (7) - (4) - (11) Intangible assets 62 1 - - 1 64 Intangibles arising on business combinations (344) 63 - - (1) (282) Branch profit tax (866) (202) - - (12) (1,080) SEZ reinvestment reserve (1,351) (645) - - - (1,996) Interest receivable on income tax refund - (487) - - - (487) Others 261 (19) - (4) (7) 231 Total deferred income tax assets/(liabilities) 25 (1,350) - (8) (7) (1,340) The deferred income tax assets and liabilities are as follows: (In ₹ crore) Particulars As at |\n|---|\n| March 31, 2025 March 31, 2024 Deferred income tax assets after set off 1,108 454 Deferred income tax liabilities after set off (1,722) (1,794) Inassessingtherealizabilityofdeferredincometaxassets,themanagementconsiderswhethersomeportionorallofthedeferredincometaxassetswillnotberealized.The ultimaterealizationofdeferredincometaxassetsisdependentuponthegenerationoffuturetaxableincomeduringtheperiodsinwhichthetemporarydifferencesbecome deductible.Themanagementconsidersthescheduledreversalsofdeferredincometaxliabilities,projectedfuturetaxableincome,andtaxplanningstrategiesinmakingthis |\n| assessment.Basedonthelevelofhistoricaltaxableincomeandprojectionsforfuturetaxableincomeovertheperiodsinwhichthedeferredincometaxassetsaredeductible, theManagementbelievesthattheGroupwillrealizethebenefitsofthosedeductibledifferences.Theamountofthedeferredincometaxassetsconsideredrealizable,however, could be reduced in the near term if estimates of future taxable income during the carry forward period are reduced. TheCompany’sAdvancedPricingArrangement(APA)withtheInternalRevenueService(IRS)forUSbranchincometaxexpiredinMarch2021.TheCompanyhasapplied |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 318, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "f9203ca14fdda967", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 319\n\n| X2.18 REVENUE FROM OPERATIONS |\n|---|\n| Accounting policy The Group derives revenues primarily from IT services comprising software development and related services, cloud and infrastructure services, maintenance, consulting and package implementation,licensingofsoftwareproductsandplatformsacrosstheGroup’scoreanddigitalofferings(togethercalledas“softwarerelatedservices”)andbusinessprocessmanagement services. Contracts with customers are either on a time-and-material, unit of work, fixed-price or on a fixed-timeframe basis. |\n| Revenuesfromcustomercontractsareconsideredforrecognitionandmeasurementwhenthecontracthasbeenapprovedinwritingbytheparties,tothecontract,thepartiestocontractare committedtoperformtheirrespectiveobligationsunderthecontract,andthecontractislegallyenforceable.Revenueisrecognizedupontransferofcontrolofpromisedproductsorservices (“performanceobligations”)tocustomersinanamountthatreflectstheconsiderationtheGrouphasreceivedorexpectstoreceiveinexchangefortheseproductsorservices(“transactionprice”). When there is uncertainty as to collectability, revenue recognition is postponed until such uncertainty is resolved. TheGroupassessestheservicespromisedinacontractandidentifiesdistinctperformanceobligationsinthecontract.TheGroupallocatesthetransactionpricetoeachdistinctperformance obligationbasedontherelativestandalonesellingprice.Thepricethatisregularlychargedforanitemwhensoldseparatelyisthebestevidenceofitsstandalonesellingprice.Intheabsenceof |\n| suchevidence,theprimarymethodusedtoestimatestandalonesellingpriceistheexpectedcostplusamargin,underwhichtheGroupestimatesthecostofsatisfyingtheperformanceobligation and then adds an appropriate margin based on similar services. TheGroup’scontractsmayincludevariableconsiderationincludingrebates,volumediscountsandpenalties.TheGroupincludesvariableconsiderationaspartoftransactionpricewhenthereisa basistoreasonablyestimatetheamountofthevariableconsiderationandwhenitisprobablethatasignificantreversalofcumulativerevenuerecognizedwillnotoccurwhentheuncertainty associated with the variable consideration is resolved. Revenueontime-and-materialandunitofworkbasedcontracts,arerecognizedastherelatedservicesareperformed.Fixedpricemaintenancerevenueisrecognizedratablyeitheronastraight- linebasiswhenservicesareperformedthroughanindefinitenumberofrepetitiveactsoveraspecifiedperiodorratablyusingapercentageofcompletionmethodwhenthepatternofbenefitsfrom theservicesrenderedtothecustomerandtheGroup’scoststofulfilthecontractisnoteventhroughtheperiodofcontractbecausetheservicesaregenerallydiscreteinnatureandnotrepetitive. Revenuefromotherfixed-price,fixed-timeframecontracts,wheretheperformanceobligationsaresatisfiedovertimeisrecognizedusingthepercentage-of-completionmethod.Effortsorcosts |\n| expendedareusedtodetermineprogresstowardscompletionasthereisadirectrelationshipbetweeninputandproductivity.Progresstowardscompletionismeasuredastheratioofcostsor effortsincurredtodate(representingworkperformed)totheestimatedtotalcostsorefforts.Estimatesoftransactionpriceandtotalcostsoreffortsarecontinuouslymonitoredoverthetermofthe contractsandarerecognizedinnetprofitintheperiodwhentheseestimateschangeorwhentheestimatesarerevised.Revenuesandtheestimatedtotalcostsoreffortsaresubjecttorevisionas thecontractprogresses.Provisionsforestimatedlosses,ifany,onincompletecontractsarerecordedintheperiodinwhichsuchlossesbecomeprobablebasedontheestimatedeffortsorcoststo complete the contract. Thebillingschedulesagreedwithcustomersincludeperiodicperformancebasedbillingand/ormilestonebasedprogressbillings.Revenuesinexcessofbillingareclassifiedasunbilledrevenue while billing in excess of revenues are classified as contract liabilities (which we refer to as unearned revenues). Inarrangementsforsoftwaredevelopmentandrelatedservicesandmaintenanceservices,byapplyingtherevenuerecognitioncriteriaforeachdistinctperformanceobligation,thearrangements withcustomersgenerallymeetthecriteriaforconsideringsoftwaredevelopmentandrelatedservicesasdistinctperformanceobligations.Forallocatingthetransactionprice,theGroupmeasures therevenueinrespectofeachperformanceobligationofacontractatitsrelativestandalonesellingprice.Thepricethatisregularlychargedforanitemwhensoldseparatelyisthebestevidence ofitsstandalonesellingprice.IncaseswheretheGroupisunabletodeterminethestandalonesellingprice,theGroupusestheexpectedcostplusmarginapproachinestimatingthestandalone sellingprice.Forsoftwaredevelopmentandrelatedservices,theperformanceobligationsaresatisfiedasandwhentheservicesarerenderedsincethecustomergenerallyobtainscontrolofthe work as it progresses. |\n| Certaincloud and infrastructure services contracts include multiple elements whichmay be subject to otherspecific accountingguidance, such as leasing guidance. These contracts are accountedinaccordancewithsuchspecificaccountingguidance.InsucharrangementswheretheGroupisabletodeterminethathardwareandservicesaredistinctperformanceobligations,it allocatestheconsiderationtotheseperformanceobligationsonarelativestandalonesellingpricebasis.Intheabsenceofstandalonesellingprice,theGroupusestheexpectedcost-plusmargin approachinestimatingthestandalonesellingprice.Whensuch arrangementsareconsideredasasingleperformanceobligation,revenueisrecognized overtheperiodandmeasureofprogressis determined based on promise in the contract. Revenuefromlicenseswherethecustomerobtainsa“righttouse”thelicensesisrecognizedatthetimethelicensearemadeavailabletothecustomer.Revenuefromlicenseswherethecustomer |\n| obtains a “right to access” is recognized over the access period. Arrangements to deliver software products generally have three elements: license, implementation and Annual Technical Services (ATS).When implementation services are provided in conjunctionwiththelicensingarrangementandthelicenseandimplementationhavebeenidentifiedastwodistinctseparateperformanceobligations,thetransactionpriceforsuchcontractsare allocatedtoeachperformanceobligationofthecontractbasedontheirrelativestandalonesellingprices.Intheabsenceofstandalonesellingpriceforimplementation,theGroupusestheexpected costplusmarginapproachinestimatingthestandalonesellingprice.Wherethelicenseisrequiredtobesubstantiallycustomizedaspartoftheimplementationservicetheentirearrangementfee forlicenseandimplementationisconsideredtobeasingleperformanceobligationandtherevenueisrecognizedusingthepercentage-of-completionmethodastheimplementationisperformed. Revenuefromclienttraining,supportandotherservicesarisingduetothesaleofsoftwareproductsisrecognizedastheperformanceobligationsaresatisfied.ATSrevenueisrecognizedratably |\n| on a straight line basis over the period in which the services are rendered. Contractswithcustomersincludessubcontractorservicesorthird-partyvendorequipmentorsoftwareincertainintegratedservicesarrangements.Inthesetypesofarrangements,revenuefrom salesofthird-partyvendorproductsorservicesisrecordednetofcostswhentheGroupisactingasanagentbetweenthecustomerandthevendor,andgrosswhentheGroupistheprincipalfor thetransaction.Indoingso,theGroupfirstevaluateswhetheritobtainscontrolofthespecifiedgoodsorservicesbeforetheyaretransferredtothecustomer.TheGroupconsiderswhetheritis primarilyresponsibleforfulfillingthepromisetoprovidethespecifiedgoodsorservices,inventoryrisk,pricingdiscretionandotherfactorstodeterminewhetheritcontrolsthespecifiedgoodsor services and therefore, is acting as a principal or an agent. Acontractmodificationisachangeinthescopeorpriceorbothofacontractthatisapprovedbythepartiestothecontract.Acontractmodificationthatresultsintheadditionofdistinct performanceobligationsareaccountedforeitherasaseparatecontractiftheadditionalservicesarepricedatthestandalonesellingpriceorasaterminationoftheexistingcontractandcreationof |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 319, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "40d38cf3a99dd06f", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 320\n\n| The incremental costs of obtaining a contract (i.e., costs that would not have been incurred if the contract had not been obtained) are recognized as an asset if the Group expects to recover them. Certaineligible,nonrecurringcosts(e.g.set-uportransitionortransformationcosts)thatdonotrepresentaseparateperformanceobligationarerecognizedasanassetwhensuchcosts(a)relate |\n|---|\n| directly to the contract; (b) generate or enhance resources of the Group that will be used in satisfying the performance obligation in the future; and (c) are expected to be recovered. Capitalizedcontractcostsrelatingtoupfrontpaymentstocustomersareamortizedtorevenueandothercapitalizedcosts areamortizedtoexpenses overtherespectivecontractlifeona |\n| systematicbasisconsistentwiththetransferofgoodsorservicestocustomertowhichtheassetrelates.Capitalizedcostsaremonitoredregularlyforimpairment.Impairmentlossesarerecorded when present value of projected remaining operating cash flows is not sufficient to recover the carrying amount of the capitalized costs. |\n| The Group presents revenues net of indirect taxes in its Consolidated Statement of Profit and Loss. Revenue from operations for the year ended March 31, 2025 and March 31, 2024 is as follows: (In ₹ crore) Particulars Year ended March 31, |\n| 2025 2024 Revenue from software services 155,395 145,285 Revenue from products and platforms 7,595 8,385 Total revenue from operations 162,990 153,670 Products & platforms |\n| TheGroupalsoderivesrevenuesfromthesaleofproductsandplatformslikeFinacle–corebankingsolution,EdgeSuiteofproducts,Panayaplatform,StaterdigitalplatformandInfosys McCamish – insurance platform. Disaggregated revenue information Revenuedisaggregationbybusinesssegmentshasbeenincludedinsegmentinformation(RefertoNote2.26).Thetablebelowpresentsdisaggregatedrevenuesfromcontractswithcustomersby geographyandcontracttype.TheGroupbelievesthatthisdisaggregationbestdepictshowthenature,amount,timinganduncertaintyofrevenuesandcashflowsareaffectedbyindustry,market and other economic factors. For the year ended March 31, 2025 and March 31, 2024: (In ₹ crore) Year ended March 31, Particulars 2025 2024 |\n| Revenues by Geography* North America 94,397 92,411 Europe 48,595 42,267 India 5,014 3,881 Rest of the world 14,984 15,111 Total 162,990 153,670 * Geographical revenue is based on the domicile of customer |\n| The percentage of revenue from fixed-price contracts for the year ended March 31, 2025 and March 31, 2024 is 54% and 53%, respectively. Trade Receivables and Contract Balances Thetimingofrevenuerecognition,billingsandcashcollectionsresultsinreceivables,unbilledrevenue,andunearnedrevenueontheGroup’sConsolidatedBalanceSheet.Amountsarebilledas work progresses in accordance with agreed-upon contractual terms, either at periodic intervals (e.g., monthly or quarterly) or upon achievement of contractual milestones. The Group’s receivables are rights to consideration that are unconditional. Unbilled revenues comprisingrevenues inexcess ofbillings fromtime and material contracts and fixed price maintenance contracts are classified as financial asset when the right to consideration is unconditional and is due only after a passage of time. |\n| Invoicingtotheclientsforotherfixedpricecontractsisbasedonmilestonesasdefinedinthecontractandthereforethetimingofrevenuerecognitionisdifferentfromthetimingofinvoicingto thecustomers.Thereforeunbilledrevenuesforotherfixedpricecontracts(contractasset)areclassifiedasnon-financialassetbecausetherighttoconsiderationisdependentoncompletionof contractual milestones. Invoicing in excess of earnings are classified as unearned revenue. Trade receivables and unbilled revenues are presented net of impairment in the consolidated Balance Sheet. |\n| DuringtheyearendedMarch31,2025andMarch31,2024,theCompanyrecognizedrevenueof₹5,669 croreand₹5,432crorearisingfromopeningunearnedrevenueasofApril1,2024and April 1, 2023 respectively. DuringtheyearendedMarch31,2025andMarch31,2024,₹4,896croreand₹7,023croreofunbilledrevenuepertainingtootherfixedpriceandfixedtimeframecontractsasofApril1,2024 |\n| and April 1, 2023, respectively has been reclassified to Trade receivables upon billing to customers on completion of milestones. |\n| Remaining performance obligation disclosure Theremainingperformanceobligationdisclosureprovidestheaggregateamountofthetransactionpriceyettoberecognizedasattheendofthereportingperiodandanexplanationastowhen theGroupexpectstorecognizetheseamountsinrevenue.ApplyingthepracticalexpedientasgiveninIndAS115,theGrouphasnotdisclosedtheremainingperformanceobligationrelated disclosuresforcontractswheretherevenuerecognizedcorrespondsdirectlywiththevaluetothecustomeroftheentity'sperformancecompletedtodate,typicallythosecontractswhereinvoicing isontimeandmaterialandunitofworkbasedcontracts.Remainingperformanceobligationestimatesaresubjecttochangeandareaffectedbyseveralfactors,includingterminations,changesin the scope of contracts, periodic revalidations, adjustment for revenue that has not materialized and adjustments for currency fluctuations. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 320, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "0df9969f8fa985d1", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 321\n\n| 2.19 OTHER INCOME Accounting policy Otherincomeiscomprised translationofforeigncurre | , NET primarilyofinte ncyassetsandliab | restincome,di ilities.Interest | videndincom incomeisrec | e,gain/lossoninvestmentandexchangegain/lossonforwardan ognizedusingtheeffectiveinterestmethod.Dividendincomeisre | doptionscont cognizedwhen | ractsand therigh | on tto |\n|---|---|---|---|---|---|---|---|\n| receive payment is establish Foreign currency Accounting policy Functional currency Thefunctionalcurrencyof local currencies. These fina Transactions and translatio Foreign-currencydenomina gainsorlossesresultingfr translationofassetsandlia liabilitiesdenominatedina monetaryassetsandnon-m transaction. The related reve Transactiongainsorlosses | ed. Infosys,itsIndian ncial statements ar ns tedmonetaryasse omsuchtranslati bilities,net, exce foreigncurrency onetaryliabilities nue and expense realizeduponse | subsidiariesan e presented in I tsandliabilities onsarerecogn ptwhendeferre andmeasureda denominatedin are recognized ttlementoffore | dcontrolledtr ndian rupees ( aretranslated izedintheC dinOtherCo tfairvalueare aforeigncurr using the same igncurrency | ustsistheIndianrupee.Thefunctionalcurrenciesforforeignsubs rounded off to crore; one crore equals ten million). intotherelevantfunctionalcurrencyatexchangeratesineffectat onsolidatedStatementofProfitandLossandreportedwithine mprehensiveIncomeasqualifyingcashflowhedges.Non-moneta translatedattheexchangerateprevalentatthedatewhenthefairv encyandmeasuredathistoricalcostaretranslatedattheexchange exchange rate. transactionsareincludedindeterminingnetprofitfortheperiod | idiariesarethe theBalanceSh xchangegains/ ryassetsandn aluewasdeter rateprevalenta inwhichthet | irrespec eetdate. (losses) on-mone mined.N tthedat ransactio | tive The on tary on- eof nis |\n| settled. Revenue, expense a the date of the transaction. Thetranslationoffinancial theBalanceSheetdateand translationareincludedinc netprofitinthe Consolida changes are recorded throug OtherComprehensiveInco classified as financial instru Goodwillandfairvalueadj rate in effect at the Balance Government grant TheGrouprecognizesgove received.Governmentgran systematicandrationalbasi Statement of Profit and Los Other income for the year e Particulars Interest income on financial Tax free bonds and Go Deposit with Bank and Interest income on financial | nd cash-flow item statementsofthe forrevenue,expe urrencytranslatio tedStatementof h equity. me,netoftaxesin ments and measur ustmentsarising Sheet date. rnmentgrantson tsrelatedtoasset sovertheusefull s over the periods nded March 31, 2 assets carried at a vernment bonds others assets carried at f | s denominated i foreignsubsidi nseandcash-fl nreservesunder ProfitandLoss cludestranslati ed at fair value ontheacquisiti lywhentherei saretreatedas ifeoftheasset. necessary to m 025 and March mortized cost air value throug | n foreign curr ariestothepr owitemsusin othercompon .Howeverwh ondifferences through other onofaforeig sreasonablea deferredinco Government atch them with 31, 2024 is as h other compr | encies are translated into the relevant functional currencies using th esentationcurrency isperformedforassetsandliabilitiesusingth gtheaverageexchangeratefortherespectiveperiods.Thegainso entsofequity.Whenasubsidiaryisdisposedoff,infull,therelev enachangeintheparent'sownershipdoesnotresultinlossofc onnon-monetaryfinancialassetsmeasuredatfairvalueattherep comprehensive income (FVOCI). nentityaretreatedasassetsandliabilitiesoftheforeignentityan ssurancethattheconditionsattachedtothemshallbecomplied meandarerecognizedinnetprofitintheConsolidatedStateme grantsrelatedtorevenuearerecognizedonasystematicbasisinne the related costs which they are intended to compensate. follows: Year ehensive | e exchange rate eexchangerat rlossesresultin antamountist ontrolofasub ortingdate,suc dtranslatedatt with,andtheg ntofProfitan tprofitintheC ended March 2025 122 1,401 | in effec eineffe gfroms ransferre sidiary,s hasequ heexcha rantswil dLosso onsolid (In ₹ cro 31, 2 | t on ctat uch dto uch ities nge lbe na ated re) 024 131 929 |\n| income Non-convertible deben government securities Income on investments carr Gain / (loss) on liquid Income on investments carr Income on investments carr Gain/(loss) on tax free Interest on income tax refun Exchange gains / (losses) on Exchange gains / (losses) on Miscellaneous income, net Total other income 2.20 EXPENSES Particulars Employee benefit expenses | tures, commercia ied at fair value th mutual funds and ied at fair value th ied at amortized c bond d forward and opti translation of oth | l paper, certific rough profit or other investme rough other co ost ons contracts er assets and li | ates of deposit loss: nts mprehensive in abilities | and come Year 2025 | 1,047 287 2 4 343 (205) 464 135 3,600 ended March | 1, 1, 4, (In ₹ cro 31, 2024 | 007 285 — — 965 100 87 207 711 re) |\n| Salaries including bon Contribution to provid Share based payments Staff welfare Cost of software packages a For own use | us ent and other fund to employees (Re nd others | s fer to Note 2.12 | ) |  | 82,232 2,338 802 578 85,950 2,467 | 79, 2, 82, 2, | 315 213 652 440 620 145 |\n| Third party items boug Other expenses Repairs and maintenan Power and fuel Brand and marketing Rates and taxes Consumables Insurance | ht for service deli ce | very to clients |  |  | 13,444 15,911 1,320 222 1,223 346 227 301 | 11, 13, 1, 1, | 370 515 278 199 007 326 170 210 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 321, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d6a2ad41af2053b4", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 322\n\n| Accounting Policy |\n|---|\n| The Group as a lessee TheGroup’sleaseassetclassesprimarilyconsistofleasesforland,buildingsandcomputers.TheGroupassesseswhetheracontractcontainsalease,atinceptionofa contract.Acontractis,orcontains,aleaseifthecontractconveystherighttocontroltheuseofanidentifiedassetforaperiodoftimeinexchangeforconsideration.To |\n| assesswhetheracontractconveystherighttocontroltheuseofanidentifiedasset,thegroupassesseswhether:(1)thecontractinvolvestheuseofanidentifiedasset(2) the Group has substantially all of the economic benefits from use of the asset through the period of the lease and (3) the Group has the right to direct the use of the asset. Atthedateofcommencementofthelease,theGrouprecognizesaright-of-useasset(“ROU”)andacorrespondingleaseliabilityforallleasearrangementsinwhichitis |\n| alessee,exceptforleaseswithatermoftwelvemonthsorless(short-termleases)andlowvalueleases.Fortheseshort-termandlowvalueleases,theGrouprecognizes the lease payments as an operating expense on a straight-line basis over the term of the lease. Asalessee,theGroupdeterminestheleasetermasthenon-cancellableperiodofaleaseadjustedwithanyoptiontoextendorterminatethelease,iftheuseofsuch optionisreasonablycertain.TheGroupmakesanassessmentontheexpectedleasetermonalease-by-leasebasisandtherebyassesseswhetheritisreasonablycertain thatanyoptionstoextendorterminatethecontractwillbeexercised.Inevaluatingtheleaseterm,theGroupconsidersfactorssuchasanysignificantleasehold improvementsundertakenovertheleaseterm,costsrelatingtotheterminationoftheleaseandtheimportanceoftheunderlyingassettoGroup’s operationstakinginto |\n| accountthelocationoftheunderlyingassetandtheavailabilityofsuitablealternatives.Theleaseterminfutureperiodsisreassessedtoensurethattheleasetermreflects the current economic circumstances. Certainleasearrangementsincludestheoptionstoextendorterminatetheleasebeforetheendoftheleaseterm.ROUassetsandleaseliabilitiesincludestheseoptions when it is reasonably certain that they will be exercised. Theright-of-useassetsareinitiallyrecognizedatcost,whichcomprisestheinitialamountoftheleaseliabilityadjustedforanyleasepaymentsmadeatorpriortothe commencementdateoftheleaseplusanyinitialdirectcostslessanyleaseincentives.Theyaresubsequentlymeasuredatcostlessaccumulateddepreciationand |\n| impairment losses. Right-of-use assets are depreciated from the commencement date on a straight-line basis over the shorter of the lease term and useful life of the underlying asset. Right-of-useassetsareevaluatedforrecoverabilitywhenevereventsorchangesincircumstancesindicatethattheircarryingamountsmaynotberecoverable.Forthe purposeofimpairmenttesting,therecoverableamount(i.e.thehigherofthefairvaluelesscosttosellandthevalue-in-use)isdeterminedonanindividualassetbasis |\n| unlesstheassetdoesnotgeneratecashflowsthatarelargelyindependentofthosefromotherassets.Insuchcases,therecoverableamountisdeterminedfortheCash Generating Unit (CGU) to which the asset belongs. Theleaseliabilityisinitiallymeasuredatamortizedcostatthepresentvalueofthefutureleasepayments.Theleasepaymentsarediscountedusingtheinterestrate implicitintheleaseor,ifnotreadilydeterminable,usingtheincrementalborrowingratesinthecountryofdomicileoftheseleases.Leaseliabilitiesareremeasuredwith |\n| a corresponding adjustment to the related right-of-use asset if the Group changes its assessment if whether it will exercise an extension or a termination option. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 322, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "db411380e49555a2", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 323\n\n| For operating leases, rental income is recognized on a straight line basis over the term of the relevant lease. Following are the changes in the carrying value of right-of-use assets for the year ended March 31, 2025: (In ₹ crore) Particulars Category of ROU asset Land Buildings Vehicles Computers Total Balance as of April 1, 2024 605 3,298 17 2,632 6,552 Additions* — 816 13 1,306 2,135 Addition due to Business Combination (Refer to Note 2.1) — 155 5 — 160 Deletions — (236) (6) (652) (894) Depreciation (6) (714) (11) (965) (1,696) Translation difference 1 29 6 18 54 Balance as of March 31, 2025 600 3,348 24 2,339 6,311 * Net of adjustments on account of modifications. |\n|---|\n| Following are the changes in the carrying value of right-of-use assets for the year ended March 31, 2024: (In ₹ crore) Particulars Category of ROU asset Land Buildings Vehicles Computers Total Balance as of April 1, 2023 623 3,896 15 2,348 6,882 Additions* — 394 12 1,872 2,278 Deletions (10) (181) (1) (755) (947) Impairment — (88) — — (88) Depreciation (6) (728) (10) (851) (1,595) |\n| Translation difference (2) 5 1 18 22 Balance as of March 31, 2024 605 3,298 17 2,632 6,552 * Net of adjustments on account of modifications and lease incentives |\n| The aggregate depreciation expense on ROU assets is included under depreciation and amortization expense in the Consolidated Statement of Profit and Loss. The following is the break-up of current and non-current lease liabilities as at March 31, 2025 and March 31, 2024: (In ₹ crore) Particulars As at March 31, 2025 March 31, 2024 Current lease liabilities 2,455 1,959 Non-current lease liabilities 5,772 6,400 Total 8,227 8,359 The movement in lease liabilities during the year ended March 31, 2025 and March 31, 2024 is as follows : (In ₹ crore) Particulars Year ended March 31, 2025 2024 Balance at the beginning 8,359 8,299 Additions 2,156 2,190 Addition due to Business Combination (Refer to Note 2.1) 160 - Deletions (553) (444) Finance cost accrued during the period 341 326 |\n| Payment of lease liabilities (2,355) (2,030) Translation difference 119 18 Balance at the end 8,227 8,359 The table below provides details regarding the contractual maturities of lease liabilities as at March 31, 2025 and March 31, 2024 on an undiscounted basis: (In ₹ crore) Particulars As at March 31, 2025 March 31, 2024 Less than one year 2,483 2,152 One to five years 5,195 6,123 More than five years 1,296 994 Total 8,974 9,269 TheGroupdoesnotfaceasignificantliquidityriskwithregardtoitsleaseliabilitiesasthecurrentassetsaresufficienttomeettheobligationsrelatedtoleaseliabilities as and when they fall due. Rental expense recorded for short-term leases was ₹85 crore and ₹97 crore for the year ended March 31, 2025 and March 31, 2024, respectively Leases not yet commenced to which Group is committed is ₹176 crore for a lease term ranging from 3 years to 5 years. The following is the movement in the net investment in lease during the year ended March 31, 2025 and March 31, 2024: (In ₹ crore) Particulars Year ended March 31 2025 2024 Balance at the beginning 1,824 922 Additions 1,013 1,281 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 323, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "0d93e72fd6eea58e", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 324\n\n| 2.22 EMPLOYEE BENEFITS |\n|---|\n| Accounting policy |\n| Gratuity and Pensions TheGroupprovidesforgratuity,adefinedbenefitretirementplan('theGratuityPlan')coveringeligibleemployeesmajorlyofInfosysanditsIndiansubsidiaries.The GratuityPlanprovidesalump-sumpaymenttovestedemployeesatretirement,death,incapacitationorterminationofemployment,ofanamountbasedonthe respectiveemployee'ssalaryandthetenureofemploymentwiththeGroup.TheCompanycontributesGratuityliabilitiestotheInfosysLimitedEmployees'Gratuity |\n| FundTrust(theTrust).IncaseofInfosysBPMandEdgeVerve,contributionsaremadetotheInfosysBPMEmployees'GratuityFundTrustandEdgeVerveSystems LimitedEmployees'GratuityFundTrust,respectively.TrusteesadministercontributionsmadetotheTrustsandcontributionsareinvestedinaschemewiththeLife Insurance Corporation of India as permitted by Indian law. TheGroupoperatesdefinedbenefitpensionplanincertainoverseasjurisdictions,inaccordancewiththelocallaws.Theseplansaremanagedbythirdpartyfund |\n| managers.Theplansprovideforperiodicpayoutsafterretirementand/oralumpsumpaymentassetoutinrulesofeachfundandincludesdeathanddisability benefits. The defined benefit plans require contributions which are based on a percentage of salary that varies depending on the age of the respective employees. Liabilitieswithregardtothesedefinedbenefitplansaredeterminedbyactuarialvaluation,performedbyanexternalactuary,ateachBalanceSheetdateusingthe |\n| projected unit credit method. These defined benefit plans expose the Group to actuarial risks, such as longevity risk, interest rate risk and market risk. TheGrouprecognizesthenetobligationofadefinedbenefitplaninitsBalanceSheetasanassetorliability.Gainsandlossesthroughre-measurementsofthenet definedbenefitliability/(asset)arerecognizedinothercomprehensiveincomeandarenotreclassifiedtoprofitorlossinsubsequentperiods.Theactualreturnof |\n| theportfolioofplanassets,inexcessoftheyieldscomputedbyapplyingthediscountrateusedtomeasurethedefinedbenefitobligationisrecognizedinother comprehensive income. The effect of any plan amendments is recognized in net profit in the Consolidated Statement of Profit and Loss. |\n| Provident fund EligibleemployeesofInfosysreceivebenefitsfromaprovidentfund,whichisadefinedbenefitplan.BoththeeligibleemployeeandtheCompanymakemonthly contributionstotheprovidentfundplanequaltoaspecifiedpercentageofthecoveredemployee'ssalary.TheCompanycontributesaportiontotheInfosysLimited |\n| Employees'ProvidentFundTrust.ThetrustinvestsinspecificdesignatedinstrumentsaspermittedbyIndianlaw.Theremainingportioniscontributedtothe governmentadministeredpensionfund.TherateatwhichtheannualinterestispayabletothebeneficiariesbythetrustisbeingadministeredbytheGovernmentof India. The Company has an obligation to make good the shortfall, if any, between the return from the investments of the trust and the notified interest rate. InrespectofIndiansubsidiaries,eligibleemployeesreceivebenefitsfromaprovidentfund,whichisadefinedcontributionplan.Boththeeligibleemployeeandthe respectivecompaniesmakemonthlycontributionstothisprovidentfundplanequaltoaspecifiedpercentageofthecoveredemployee'ssalary.Amountscollected |\n| undertheprovidentfundplanaredepositedinagovernmentadministeredprovidentfund.TheCompanieshavenofurtherobligationtotheplanbeyonditsmonthly contributions. |\n| Superannuation CertainemployeesofInfosys,InfosysBPMandEdgeVerveareparticipantsinadefinedcontributionplan.TheGrouphasnofurtherobligationstotheplanbeyond |\n| its monthly contributions which are periodically contributed to a trust fund, the corpus of which is invested with the Life Insurance Corporation of India. |\n| Compensated absences TheGrouphasapolicyoncompensatedabsenceswhicharebothaccumulatingandnon-accumulatinginnature.Theexpectedcostofaccumulatingcompensated absencesisdeterminedbyactuarialvaluationperformedbyanexternalactuaryateachBalanceSheetdateusingprojectedunitcreditmethodontheadditional |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 324, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "71affee01d6e6a65", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 325\n\n| 2.22.1 Gratuity and Pension ThefollowingtablesetsoutthedetailsofthedefinedbenefitretirementplansandtheamountsrecognizedintheGroup'sfinancialstatementsasatMarch31,2025 and March 31, 2024: (In ₹ crore) Gratuity Pension Particulars As at As at March 31, 2025 March 31, 2024 March 31, 2025 March 31, 2024 Change in benefit obligations Benefit obligations at the beginning 2,116 1,778 1,020 917 Transfer 5 29 - - Service cost 335 307 52 54 Interest expense 141 121 18 20 Remeasurements - Actuarial (gains) / losses 93 34 69 24 Past service cost - plan amendments - - - (33) Employee contribution - - 33 34 Benefits paid (181) (154) (60) (10) Translation difference 2 1 51 14 |\n|---|\n| Benefit obligations at the end 2,511 2,116 1,183 1,020 Change in plan assets Fair value of plan assets at the beginning 2,079 1,755 991 870 Transfer - - - - Interest income 151 127 19 20 Remeasurements- Return on plan assets excluding amounts included in 22 18 60 16 interest income Employer contribution 656 328 46 51 Employee contribution - - 33 34 Benefits paid (176) (149) (60) (10) Translation difference 1 - 48 10 Fair value of plan assets at the end 2,733 2,079 1,137 991 Funded status 222 (37) (46) (29) Defined benefit plan asset (Refer note 2.10) 286 16 11 15 Defined benefit plan liability (Refer note 2.15) (64) (53) (57) (44) Amount for the year ended March 31, 2025 and March 31, 2024 recognized in the Consolidated Statement of Profit and Loss under employee benefit expense: (In ₹ crore) Gratuity Pension Particulars Year ended March 31, Year ended March 31, |\n| 2025 2024 2025 2024 Service cost 335 307 52 54 Net interest on the net defined benefit liability / (asset) (10) (6) (1) - Plan amendments - - - (33) Net cost 325 301 51 21 Amount for the year ended March 31, 2025 and March 31, 2024 recognized in the Consolidated Statement of Other Comprehensive Income: (In ₹ crore) Gratuity Pension Particulars Year ended March 31, Year ended March 31, 2025 2024 2025 2024 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 325, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "cf417be6493df0c1", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 326\n\n| 2025 2024 2025 2024 (Gain) / loss from change in demographic assumptions - - - - (Gain) / loss from change in financial assumptions 38 10 47 24 (Gain) / loss from experience adjustment 55 24 22 - 93 34 69 24 |\n|---|\n| The weighted-average assumptions used to determine benefit obligations as at March 31, 2025 and March 31, 2024 are set out below: Gratuity Pension Particulars As at As at |\n| March 31, 2025 March 31, 2024 March 31, 2025 March 31, 2024 Discount rate (1) 6.5% 7.0% 0.9%-3.7% 1.5%-3.4% |\n| Weighted average rate of increase in compensation levels (2) 6.0% 6.0% 1%-3% 1%-3% |\n| Weighted average duration of defined benefit obligation (3) 5.7 years 5.8 years 13 years 12 years |\n| The weighted-average assumptions used to determine net periodic benefit cost for the year ended March 31, 2025 and March 31, 2024 are set out below: Gratuity Pension Particulars Year ended March 31, Year ended March 31, 2025 2024 2025 2024 |\n| Discount rate 7.0% 7.1% 1.5%-3.4% 1.8%-3.8% Weighted average rate of increase in compensation levels 6.0% 6.0% 1%-3% 1%-3% |\n| (1)FordomesticdefinedbenefitplaninIndia,themarketforhighqualitycorporatebondsbeingnotdeveloped,theyieldofgovernmentbondsisconsideredasthe discountrate.Formostofouroverseasdefinedbenefitplan,giventhatthemarketforhighqualitycorporatebondsisnotdeveloped,theGovernmentbondrate |\n| adjusted for corporate spreads is used. (2)TheaveragerateofincreaseincompensationlevelsisdeterminedbytheCompany,consideringfactorssuchas,theCompany’spastcompensationrevisiontrends, inflation in respective markets and management’s estimate of future salary increases. |\n| (3)Attritionrateconsideredisthemanagement’sestimatebasedonthepastlong-termtrendofemployeeturnoverintheCompany.Thetenurehasbeenconsidered takingintoaccountthepastlong-termtrendofemployees'averageremainingservicelifewhichreflectstheaverageestimatedtermofpost-employmentbenefit obligation. FordomesticdefinedbenefitplaninIndia,assumptionsregardingfuturemortalityexperiencearesetinaccordancewiththepublishedstatisticsbytheLifeInsurance CorporationofIndia.Foroverseasdefinedbenefitplan,theassumptionsregardingfuturemortalityexperiencearesetwithregardtothelateststatisticsinlife expectancy, plan experience and other relevant data. The Group assesses all of the above assumptions with its projected long-term plans of growth and prevalent industry standards. |\n| TheCompanycontributesallascertainedliabilitiestowardsgratuitytotheInfosysLimitedEmployees'GratuityFundTrust.IncaseofInfosysBPMandEdgeVerve, contributionsaremadetotheInfosysBPMEmployees'GratuityFundTrustandEdgeVerveSystemsLimitedEmployeesGratuityFundTrust,respectively.Trustees administercontributionsmadetothetrustasatMarch31,2025andMarch31,2024,andcontributionsforgratuityareinvestedinaschemewiththeLifeInsurance CorporationofIndiaaspermittedbyIndianlaw.Theplanassetsoftheoverseasdefinedbenefitplanhavebeenprimarilyinvestedininsurermanagedfundsandthe assetallocationforplanassetsisdeterminedbasedontheinvestmentcriteriaprescribedundertherelevantregulationsapplicabletopensionfundsandtheinsurer managers. The insurers' investment are diversified and provide for guaranteed interest rates arrangements. Actualreturnonassets(includingremeasurements)ofthegratuityplanfortheyearendedMarch31,2025andMarch31,2024were₹173croreand₹145crore, respectively and for the pension plan were ₹79 crore and ₹36 crore, respectively. |\n| The contributions for gratuity are invested in a scheme with the Life Insurance Corporation of India as permitted by Indian law. The table below sets out the details of major plan assets into various categories as at March 31, 2025 and March 31, 2024: Pension Particulars As at March 31, 2025 March 31, 2024 Equity 34% 34% |\n| Bonds 30% 32% Real Estate/Property 26% 26% Cash and Cash Equivalents 1% 1% Other 9% 7% |\n| These defined benefit plans expose the Group to actuarial risk which are set out below: Interestraterisk: Thepresentvalueofthedefinedbenefitplanliabilityisgenerallycalculatedusingadiscountratedeterminedbyreferencetogovernmentbond yieldsandincertainoverseasjurisdictions,itiscalculatedinreferencetogovernmentbondyieldadjustedforacorporatespread. Ifbondyieldsfall,thedefined benefit obligation will tend to increase. Lifeexpectancyandinvestmentrisk:Thepensionfundoffersthechoicebetweenalifelongpensionandacashlumpsumuponretirement.Thepensionfundhas |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 326, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ed867c788d3f8bc4", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 327\n\n| 1% point increase / 0.5% point increase decrease / decrease Discount rate 135 55 Weighted average rate of increase in compensation levels 135 6 Sensitivitytosignificantactuarialassumptionsiscomputedbyvaryingoneactuarialassumptionusedforthevaluationofthedefinedbenefitobligationandkeeping |\n|---|\n| all other actuarial assumptions constant. In practice, this is not probable, and changes in some of the assumptions may be correlated. |\n| The Group expects to contribute ₹370 crore to gratuity and ₹44 crore to pension during the fiscal 2026. The maturity profile of defined benefit obligation is as follows: (In ₹ crore) Gratuity Pension Within 1 year 349 72 1-2 year 333 70 |\n| 2-3 year 345 72 3-4 year 321 74 4-5 year 289 75 5-10 years 1,042 342 |\n| 2.22.2 Provident fund Infosyshasanobligationtofundanyshortfallontheyieldofthetrust’sinvestmentsovertheadministeredinterestratesonanannualbasis.Theseadministeredrates |\n| aredeterminedannuallypredominantlyconsideringthesocialandeconomicfactors.Theactuaryhasprovidedavaluationforprovidentfundliabilitiesonthebasis of guidance issued by the Actuarial Society of India. ThefollowingtablessetoutthefundedstatusofthedefinedbenefitprovidentfundplanofInfosysLimitedandtheamountsrecognizedintheGroup'sfinancial statements as at March 31, 2025 and March 31, 2024: (In ₹ crore) As at Particulars March 31, 2025 March 31, 2024 Change in benefit obligations Benefit obligations at the beginning 11,879 10,527 Service cost 9 52 8 80 Employee contribution 1 ,683 1 ,652 Interest expense 8 62 7 64 Actuarial (gains) / loss 2 18 9 6 Benefits paid (1,727) (2,040) Benefit obligations at the end 13,867 11,879 Change in plan assets Fair value of plan assets at the beginning 11,812 10,184 Interest income 8 58 7 40 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 327, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d8729c7f74371e37", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 328\n\n| Actuarial (gains) / losses 218 96 (Return) / loss on plan assets excluding amounts included in the net interest on the net defined (245) (234) benefit liability / (asset) Irrecoverable surplus - effect of asset ceiling 61 - 34 (138) |\n|---|\n| The assumptions used in determining the present value obligation of the defined benefit plan under the Deterministic Approach are as follows: As at Particulars March 31, 2025 March 31, 2024 Government of India (GOI) bond yield (1) 6.50% 7.00% |\n| Expected rate of return on plan assets 8.00% 8.20% Remaining term to maturity of portfolio 6 years 6 years Expected guaranteed interest rate 8.25% 8.25% (1)InIndia,themarketforhighqualitycorporatebondsbeingnotdeveloped,theyieldofgovernmentbondsisconsideredasthediscountrate.Thetenurehasbeen considered takinginto account the past long-termtrend ofemployees’ average remaining service life which reflects the average estimated termof the post- |\n| employment benefit obligations. |\n| The breakup of the plan assets into various categories as at March 31, 2025 and March 31, 2024 are as follows: As at Particulars March 31, 2025 March 31, 2024 Central and State government bonds 60% 60% |\n| Public sector undertakings and Private sector bonds 28% 30% Others 12% 10% The asset allocation for plan assets is determined based on the investment criteria prescribed under the relevant regulations. TheactuarialvaluationofprovidentfundliabilityexposestheGrouptointerestraterisk.Thedefinedbenefitobligationcalculatedusesadiscountratebasedon government bonds. If bond yields fall, the defined benefit obligation will tend to increase. AsatMarch31,2025thedefinedbenefitobligationwouldbeaffectedbyapproximately₹129croreonaccountofa0.25%increase/decreaseintheexpectedrate |\n| of return on plan assets. TheGroupcontributed₹1,323croreand₹1,257croretotheprovidentfundduringtheyearendedMarch31,2025andMarch31,2024,respectively.Thesamehas been recognized in the Consolidated Statement of Profit and Loss under the head employee benefit expense. |\n| The provident plans are applicable only to employees drawing a salary in Indian rupees. |\n| 2.22.3 Superannuation TheGroupcontributed₹512croreand₹513croreduringtheyearendedMarch31,2025andMarch31,2024,respectivelyandthesamehasbeenrecognizedinthe |\n| Consolidated Statement of Profit and Loss under the head employee benefit expense. 2.22.4 Employee benefit costs include: (In ₹ crore) |\n| Year ended March 31, Particulars 2025 2024 Salaries and bonus(1) 83,739 80,532 Defined contribution plans 677 670 Defined benefit plans 1,534 1,418 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 328, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "1e02dda11ad27fdb", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 329\n\n| X2.23 EARNINGS PER EQUITY SHARE |\n|---|\n| Accounting policy BasicearningsperequityshareiscomputedbydividingthenetprofitattributabletotheequityholdersoftheGroupbytheweightedaveragenumberofequity sharesoutstandingduringtheperiod.DilutedearningsperequityshareiscomputedbydividingthenetprofitattributabletotheequityholdersoftheGroupby theweightedaveragenumberofequitysharesconsideredforderivingbasicearningsperequityshareandalsotheweightedaveragenumberofequitysharesthat |\n| couldhavebeenissueduponconversionofalldilutivepotentialequityshares.Thedilutivepotentialequitysharesareadjustedfortheproceedsreceivablehadthe equityshares been actuallyissued at fair value (i.e. the average market value of the outstanding equityshares). Dilutivepotentialequityshares aredeemed converted as at the beginning of the period, unless issued at a later date. Dilutive potential equity shares are determined independently for each period presented. Thenumberofequitysharesandpotentiallydilutiveequitysharesareadjustedretrospectivelyforallperiodspresentedforanysharesplitsandbonusshares issues including for changes effected prior to the approval of the financial statements by the Board of Directors. |\n| The following is the computation of basic earnings per equity share: |\n| Particulars Year ended March 31, |\n| 2025 2024 Profit attributable to equity holders of the Company (in ₹ crore) 2 6,713 2 6,233 Basic earnings per equity share - weighted average number of equity shares outstanding (1) 4 ,141,611,738 4 ,138,568,090 |\n| Basic earnings per equity share (₹) 6 4.50 6 3.39 Thefollowingisareconciliationoftheequitysharesusedinthecomputationofbasicanddilutedearningsperequityshareandcomputationofdilutedearnings |\n| per equity share: Particulars Year ended March 31, |\n| 2025 2024 Profit attributable to equity holders of the Company (in ₹ crore) 26,713 26,233 (1) |\n| Weighted average number of equity shares outstanding used in computing in basic earnings per equity share 4,141,611,738 4,138,568,090 Effect of dilutive common equivalent shares - share options outstanding 10,439,446 6,112,335 Weighted average number of equity shares and common equivalent shares outstanding used in computing diluted earnings per equity share 4 ,152,051,184 4 ,144,680,425 |\n| Diluted earnings per equity share (₹) 6 4.34 6 3.29 (1) excludes treasury shares |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 329, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "38b9c2cd25fa2289", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 330\n\n| 2.24 CONTINGENT LIABILITIES AND COMMITMENTS |\n|---|\n| Accounting policy Contingentliabilityisapossibleobligationarisingfrompasteventsandwhoseexistencewillbeconfirmedonlybytheoccurrenceornon-occurrenceofoneor |\n| moreuncertainfutureeventsnotwhollywithinthecontroloftheentityorapresentobligation thatarisesfrompasteventsbutisnotrecognizedbecause itisnot probablethatanoutflowofresourcesembodyingeconomicbenefitswillberequiredtosettletheobligationor theamountoftheobligationcannotbemeasured with sufficient reliability. 2.24.1 Contingent liability (In ₹ crore) As at |\n| Particulars March 31, 2025 March 31, 2024 Contingent liabilities : Claims against the Group, not acknowledged as debts(1) 2,953 3,583 |\n| [Amount paid to statutory authorities ₹4,207 crore (₹8,754 crore)] (1) AsatMarch31,2025andMarch31,2024,claimsagainsttheGroupnotacknowledgedasdebtsinrespectofincometaxmattersamountedto₹1,933crore |\n| and ₹2,794 crore, respectively. TheclaimsagainsttheGroupprimarilyrepresentdemandsarisingoncompletionofassessmentproceedingsundertheIncomeTaxAct,1961.Theseclaimsare onaccountofissuesofdisallowanceofexpendituretowardssoftwarebeingheldascapitalinnature,paymentsmadetoAssociatedEnterprisesheldasliablefor |\n| withholdingoftaxes,amongothers.ThesemattersarependingbeforevariousIncomeTaxAuthoritiesandtheManagementincludingitstaxadvisorsexpectthat its position will likely be upheld on ultimate resolution and will not have a material adverse effect on the Group's financial position and results of operations. |\n| Amount paid to statutory authorities against the tax claims amounted to ₹4,199 crore and ₹8,743 crore as at March 31, 2025 and March 31, 2024, respectively. 2.24.2 Legal Proceedings McCamish Cybersecurity incident InNovember2023,certainsystemsofInfosysMcCamishSystemsLLC(“McCamish”),asubsidiaryofInfosysBPMLimited(awhollyownedsubsidiaryof InfosysLimited),wereencryptedbyransomware,resultinginthenon-availabilityofcertainapplicationsandsystems.McCamishinitiateditsincidentresponse and engaged cybersecurity and other specialists to assist in its investigation of and response to the incident and remediation and restoration of impacted |\n| applications and systems. By December 31, 2023, McCamish, with external specialists’ assistance, substantially remediated and restored the affected applications and systems. Actions taken by McCamish included investigative analysis conducted by a third-party cybersecurity firm to determine, among other things, whetherandtheextenttowhichcompanyorcustomerdatawassubjecttounauthorizedaccessorexfiltration.McCamishalsoengagedathird-partyeDiscovery vendorinassessingtheextentandnatureofsuchdata.McCamishincoordinationwithitsthird-partyeDiscoveryvendorhasidentifiedcorporatecustomersand individuals whose information was subject to unauthorized access and exfiltration. McCamish processes personal data on behalf of its corporate customers. FromMarch6,2024throughJuly25,2024,sixactionswerefiledintheU.S.DistrictCourtfortheNorthernDistrictofGeorgiaagainstMcCamish.Theactions ariseoutofthecybersecurityincidentatMcCamishinitiallydisclosedonNovember3,2023.Allsixactionshavesincebeenconsolidated,andtheconsolidated class action complaint was filed on November 7, 2024, purportedly on behalf of all persons residing in the United States whose personally identifiable informationwascompromisedintheincident,includingallwhoweresentanoticeoftheincident.OnDecember20,2024,theCourtgrantedtheparties’joint motiontostayproceedingspendingtheparties’effortstoresolvethelawsuitthroughmediation.OnMarch13,2025,McCamishandtheplaintiffsengagedin mediation,resultinginanin-principleagreementthatsetsforththetermsofaproposedsettlementoftheclassactionlawsuitsagainstMcCamish,aswellas sevenclassactionlawsuitsarisingoutoftheincidentthathavebeenfiledagainstMcCamish’scustomers. Underthesettlementterms,McCamishhasagreedto pay$17.5 million (approximately₹150crore) intoa fundto settlethese matters. The agreed terms aresubject tofinalization of the terms of thesettlement |\n| agreement,andpreliminaryandfinalcourtapproval.Ifapproved,thesettlementwillresolveallallegationsmadeintheclassactionlawsuitswithoutadmissionof anyliability.McCamishhasrecordedanaccrualof$17.5million(approximately₹150crore)relatedtothesettlement. McCamishhasrecognizedaninsurance reimbursementreceivableof$17million(approximately₹145crore)whichhasbeenoffsetagainstthesettlementexpenseof$17.5million(approximately₹150 crore) in the Statement of Profit and Loss. McCamish may incur additional costs including from indemnities or damages/claims, which are indeterminable at this Others Apart from legal proceedings and claims arising from the McCamish cybersecurity incident, the Group is subject to legal proceedings and claims which have arisen in the ordinary course of business. The Group’s management reasonably expects that such ordinary course legal actions, when ultimately concluded and determined, will not have a material and adverse effect on the Group’s results of operations or financial condition. 2.24.3 Commitments (In ₹ crore) As at Particulars March 31, 2025 March 31, 2024 |\n| Estimated amount of contracts remaining to be executed on capital contracts and not provided for (net of 935 780 advances and deposits)(1) Other commitments* 122 79 (1) Capital contracts primarily comprises of commitments for infrastructure facilities and computer equipment. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 330, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "e58efa2e9c7b920b", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 334\n\n| Whole-time Directors Salil Parekh, Chief Executive Officer and Managing Director Non-whole-time Directors Nandan M. Nilekani D. Sundaram Micheal Gibbs Bobby Parikh |\n|---|\n| Chitra Nayak Govind Iyer Helene Auriol Potier (appointed as independent director effective May 26, 2023) Nitin Paranjpe (appointed as an additional and independent director effective January 1, 2024) Uri Levine (retired as independent director effective April 19, 2023) Executive Officers Inderpreet Sawhney, Chief Legal Officer and Chief Compliance Officer Jayesh Sanghrajka (appointed as Chief Financial Officer effective April 1, 2024) |\n| Nilanjan Roy (resigned as Chief Financial Officer of the Company effective March 31, 2024) Shaji Mathew , Chief Human Resources Officer Mohit Joshi (resigned as President effective March 11, 2023 and was on leave till June 9, 2023 which was his last date with the Company) Company Secretary |\n| A.G.S. Manikantha Transaction with key management personnel: The table below describes the compensation to key management personnel which comprise directors and executive officers: (In ₹ crore) Particulars Year ended March 31, 2025 2024 (1)(2) 118 113 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 334, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "06a00f66088d8358", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 335\n\n| Name of entity |  |  |  | Net Assets as % age of consolidated Amount | Share in profit or as % age of consolidated Am | loss ount | Share in other comprehensive income as % age of consolidated other Amou | c nt | Share in total omprehensive in as % age of consolidated total | come Amount |\n|---|---|---|---|---|---|---|---|---|---|---|\n| Infosys Limited Indian Subsidiarie Infosys BPM Limit EdgeVerve System Infosys Green Foru Danske IT and Sup | s ed s Limited (Ed m port Services | geVerve) India Private | Limited (“DIT”) | net assets 75.2% 87,3 2.8% 3,2 1.5% 1,7 0.3% 3 0.1% | profit or loss 32 88.0% 2 76 2.7% 83 3.8% 04 0.0% 7 9 0.0% | 5,568 7 73 1 ,095 6 - | comprehensive income 100.0% 1 0 (3.8%) ( (1.0%) ( 0.0% 0.0% | c 5 4) 1) - - | omprehensive income 88.0% 2.6% 3.8% 0.0% 0.0% | 25,673 769 1,094 6 |\n| Skava Systems Pvt. Elbrus Labs Private Insemi Technology in-tech Group Indi Foreign Subsidiarie Infosys Technologi Infosys Technologi Infosys Technologi Infosys Technologi Panaya Inc. (Panay Infosys Nova Holdi Panaya Ltd Infosys Financial S Infosys Middle Eas Infosys Chile SpA WongDoody, Inc Fluido Oy Fluido Sweden AB Fluido Norway A/S Fluido Denmark A/ Fluido Slovakia s.r. Infosys Fluido UK | Ltd. (Skava Limited Service Priva a Private Ltd, s es (China) Co es S. de R. L. es (Sweden) es (Shanghai) a) ngs LLC. (Inf ervices GmbH t FZ LLC (Extero) S o Ltd | Systems) te Limited . Limited (In de C. V. (Inf AB. (Infosys Company L osys Nova) (Formerly k | fosys China) osys Mexico) Sweden) imited (Infosys Shangh nown as Panaya Gmbh | 0.0% 0.0% 0.0% 0.0% 0.6% 7 0.5% 5 0.2% 2 ai) 0.3% 3 0.2% 1 2.6% 2,9 (0.1%) (1 ) 0.0% (0.0%) 0.1% 0.0% 0.1% 1 0.1% 0.1% (0.0%) 0.0% (0.0%) | - 0.0% 4 0.0% 4 2 (0.0%) 1 0.0% 06 0.5% 48 0.3% 50 0.2% 79 (0.2%) 89 (0.0%) 78 0.3% 61) 0.6% 4 0.0% (8) 0.0% 5 9 0.1% - 0.2% 51 0.1% 7 8 0.1% 6 6 0.0% (8) 0.0% 7 0.0% (4) 0.0% | - - ( 5) - 1 53 8 5 5 6 ( 72) ( 8) 8 9 1 87 1 3 2 2 4 8 2 0 1 8 1 0 7 1 1 0 | 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 1.9% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% | - - - - - - - - - - - - 2 - - - - - - - - | 0.0% 0.0% (0.0%) 0.0% 0.5% 0.3% 0.2% (0.2%) (0.0%) 0.3% 0.6% 0.0% 0.0% 0.1% 0.2% 0.1% 0.1% 0.0% 0.0% 0.0% 0.0% | - - - (5) - 153 85 56 (72) (8) 89 187 1 5 22 48 20 18 10 7 1 10 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 335, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "5a617edb66087dc9", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 336\n\n| Name of entity Stater Gmbh Stater Belgium N Infosys South Af Infosys Limited Kaleidoscope An Blue Acorn iCi I GuideVision, s.r. GuideVision Deu GuideVision Suo GuideVision Ma GuideVision Pol GuideVision UK Infosys Germany Infosys Automot Infosys Turkey B Infosys Germany WongDoody Gm oddity (Shanghai oddity Limited(T Wongdoody D.O Infosys Business Panaya Germany Infosys Arabia L Infosys Norway Outbox systems Simplus Australi Simplus Philippi Simplus ANZ Pt BASE life scienc BASE life scienc BASE life scienc BASE life scienc BASE life scienc BASE life scienc | .V./S.A. rica (Pty) Ltd Bulgaria EOOD imations, Inc. nc (formerly kno o.. tschland GmbH mi Oy gyarország Kft. ska SP. Z O.O. Ltd Holding Gmbh ive and Mobility ilgi Teknolojike GmbH (formerl bH (formerly kn ) Co., Ltd. aipei) .O Solutions LLC GmbH imited Inc. dba Simplus a Pty Ltd nes, Inc. y Ltd. e AG e GmbH e A/S e S.A.S e Ltd. e S.r.l. | wn as Ber GmbH & ri Limited y Kristall own as od (US) | inger Commerce Inc) Co. KG Sirketi 247. GmbH (“Kristall”) dity GmbH ) | as % age of consolidated Am net assets (0.1%) 0.1% 0.0% 0.0% 0.0% 0.0% 0.1% (0.0%) (0.0%) (0.0%) 0.0% 0.0% 0.0% (1.1%) 0.0% 3.5% 0.0% 0.0% 0.0% 0.0% 0.0% (0.0%) 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% (0.0%) (0.0%) 0.0% 0.0% 0.0% (0.0%) | ount c p (61) 113 1 0 1 3 - - 152 (9) (3) (1) - 2 1 (1,239) 8 4,065 3 6 6 1 6 4 8 (1) 4 1 - 1 6 1 9 - (3) (1) 1 0 2 8 (1) | as % age of onsolidated Amo rofit or loss (0.1%) 0.1% 0.0% 0.0% 0.2% 0.2% 0.1% 0.0% (0.0%) (0.0%) 0.0% 0.0% (0.0%) (0.8%) ( (0.1%) (0.2%) (0.1%) 0.0% 0.0% 0.0% 0.1% 0.0% 0.0% 0.0% 0.1% 0.0% 0.0% 0.0% (0.1%) 0.0% (0.3%) 0.0% 0.0% (0.0%) | unt ( 29) 2 0 - 5 4 6 5 3 4 1 - ( 3) ( 1) - - ( 1) 240) ( 23) ( 53) ( 17) 1 1 1 1 6 1 - - 3 4 1 2 4 - ( 28) 3 ( 80) 2 3 ( 1) | comprehensive inco as % age of consolidated other Amo comprehensive income 0.0% 1.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 1.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% (2.9%) 0.0% 0.0% 0.0% 0.0% 0.0% | me c unt c - 1 - - - - - - - - - - - 1 - - - - - - - - - - - - - - ( 3) - - - - - | omprehensive in as % age of consolidated total omprehensive income (0.1%) 0.1% 0.0% 0.0% 0.2% 0.2% 0.1% 0.0% (0.0%) (0.0%) 0.0% 0.0% (0.0%) (0.8%) (0.1%) (0.2%) (0.1%) 0.0% 0.0% 0.0% 0.1% 0.0% 0.0% 0.0% 0.1% 0.0% 0.0% 0.0% (0.1%) 0.0% (0.3%) 0.0% 0.0% (0.0%) | come Amount (29) 21 - 5 46 53 41 - (3) (1) - - (1) (239) (23) (53) (17) 1 1 1 16 1 - - 34 12 4 - (31) 3 (80) 2 3 (1) |\n|---|---|---|---|---|---|---|---|---|---|---|---|\n| Innovisor Inc. BASE life scienc BASE life scienc Infosys Public Se Infosys Luxembo Infosys Compaz Infy Consulting Infosys Poland S Portland Group P Infosys BPO Am Infosys (Czech R HIPUS Co., Ltd Global Enterpris Infosys BPM UK Infosys Public Se Brilliant Basics Brilliant Basics L Infy tech SAS In-tech Automoti In-tech Automoti in-tech Holding in-tech GmbH drivetech Fahrve Friedrich & Wag ProIT,S.R.L in-tech Engineer in-tech Automoti in-tech Engineer in-tech Automoti Friedrich & Wag in-tech Services in-tech Automoti in-tech Engineer in-tech Group Lt Blue Acorn Llc Blitz 24-893 SE Infosys Services WongDoody Hol Subtotal Adjustment arisi Controlled Trust | e Inc. e S.L. rvices, Inc. US urg S.a.r.l PTE Ltd Company Limite p. Z.o.o ty Ltd ericas LLC epublic) Limite e International ( Limited rvices Canada I Holdings Limite imited ve Engineering ve Engineering GmbH rsuch GmbH ner Asia Pacific ing services S.R ve Engineering ing GmbH, Aust ve Engineering ner Holding Inc LLC ve Engineering ing s.r.o d (Thailand) Limi ding Inc. ng out of consol s | A (Infosys d d s.r.o. Malaysia) nc. d Shenyang Bejing Co GmbH .L, RO SL ria LLC . de R.L. de ted idation | Public Services) Sdn. Bhd. Co. Ltd ., Ltd C.V | 0.0% (0.0%) 0.0% 1.5% 0.0% 0.3% 0.3% 1.1% 0.0% 0.1% 0.1% 0.1% 0.0% 0.0% 0.0% 0.1% 0.0% 0.0% 0.0% 0.0% 0.1% 0.4% 0.0% 0.0% 0.0% 0.0% (0.0%) 0.0% 0.0% (0.0%) 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 100.0% | - (2) 1 2 1,745 5 7 303 334 1,227 5 0 9 6 103 149 2 5 2 2 3 1 7 0 1 - 1 1 9 8 3 471 6 - 1 9 7 (4) 9 - (2) - - 1 2 7 - 1 1 0 - 116,072 (20,129) (125) | 0.0% (0.0%) 0.0% 1.2% 0.1% 0.3% 0.3% 0.5% 0.0% 0.1% (0.0%) 0.1% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.1% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% (0.0%) 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% (0.0%) 0.0% 100.0% 2 9, (2, | - ( 1) 5 3 38 1 7 8 7 7 5 1 45 - 1 8 ( 9) 3 1 8 - 7 1 - - 2 1 5 2 1 2 1 0 3 1 - 3 - ( 1) - - 2 1 3 - - ( 2) - 059 328) (18) | 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 100.0% 1 | - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 05 349 - | 0.0% (0.0%) 0.0% 1.2% 0.1% 0.3% 0.3% 0.5% 0.0% 0.1% (0.0%) 0.1% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.1% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% (0.0%) 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% (0.0%) 0.0% 100.0% | - (1) 5 338 17 87 75 145 - 18 (9) 31 8 - 7 1 - - 2 1 5 21 2 10 3 1 - 3 - (1) - - 2 13 - - (2) - 29,164 (1,979) (18) |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 336, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "51da6ee54c7c5d96", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 337\n\n| XX2.26 SEGMENT REPORTING |\n|---|\n| IndAS108,Operatingsegments,establishesstandardsforthewaythatpublicbusinessenterprisesreportinformationaboutoperatingsegmentsandrelateddisclosures aboutproductsandservices,geographicareas,andmajorcustomers.TheGroup'soperationspredominantlyrelatetoprovidingend-to-endbusinesssolutionstoenable clientstoenhancebusinessperformance.TheChiefOperatingDecisionMaker(CODM)evaluatestheGroup'sperformanceandallocatesresourcesbasedonananalysis ofvariousperformanceindicatorsbybusinesssegments.Accordingly,informationhasbeenpresentedalongbusinesssegments.Theaccountingprinciplesusedinthe preparation of the financial statements are consistently applied to record revenue and expenditure in individual segments, and are as set out in the accounting policies. BusinesssegmentsoftheGroupareprimarilyenterprisesinFinancialServicesandInsurance,enterprisesinManufacturing,enterprisesinRetail,ConsumerPackaged GoodsandLogistics,enterprisesintheEnergy,Utilities,ResourcesandServices, enterprisesin Communication,Telecom OEMand Media,enterprises inHi-Tech, enterprisesinLifeSciencesandHealthcareandallothersegments.TheFinancialservicesreportablesegmentshasbeenaggregatedtoincludetheFinancialServices operating segment and Finacle operatingsegment because of the similarityofthe economic characteristics. Allother segments represent the operating segments of businesses in India, Japan, China, Infosys Public Services & other enterprises in Public Services. |\n| Revenueandidentifiableoperatingexpensesinrelationtosegmentsarecategorizedbasedonitemsthatareindividuallyidentifiabletothatsegment.Revenuefor'all othersegments'representsrevenuegeneratedbyInfosysPublicservicesandrevenuegeneratedfromcustomerslocatedinIndia,JapanandChinaandotherenterprisesin Publicservices.AllocatedexpensesofsegmentsincludeexpensesincurredforrenderingservicesfromtheGroup'soffshoresoftwaredevelopmentcentersandon-site expenses,whicharecategorizedinrelationtotheassociatedeffortsofthesegment.Certainexpensessuchasdepreciationandamortization,whichformasignificant componentoftotalexpenses,arenotspecificallyallocabletospecificsegmentsastheunderlyingassetsareusedinterchangeably.TheManagementbelievesthatitisnot practicaltoprovidesegment disclosuresrelatingtothose costsand expenses,and accordinglythese expensesare separatelydisclosed as\"unallocated\"andadjusted against the total income of the Group. Assets and liabilities used in the Group's business are not identified to any of the reportable segments, as these are used interchangeably between segments. The Management believes that it is currentlynot practicable toprovide segment disclosures relatingto totalassets and liabilities since a meaningfulsegregation ofthe available data is onerous. |\n| Business segment revenue information is collated based on individual customers invoiced or in relation to which the revenue is otherwise recognized. |\n| Disclosure of revenue by geographic locations is given in note 2.18 Revenue from operations. Business Segments Year ended March 31, 2025 and March 31, 2024: (In ₹ crore) |\n| Financial Retail (2) Communic Energy, Manufacturing Hi-Tech Life All other Total Services (1) ation (3) Utilities, Sciences (4) segments (5) Particulars Resources |\n| and Services Revenue from operations 45,175 22,059 19,108 21,710 25,207 13,090 11,831 4,810 162,990 42,158 22,504 17,991 20,035 22,298 12,411 11,515 4,758 153,670 Identifiable operating expenses 25,871 10,931 12,420 11,882 16,167 7,592 7,166 2,986 95,015 24,782 11,704 11,071 10,838 14,596 7,232 6,716 2,938 89,877 Allocated expenses 8,205 3,995 3,347 3,731 4,184 2,278 2,002 997 28,739 8,052 3,918 3,232 3,674 3,505 2,026 1,901 1,060 27,368 Segment operating income 11,099 7,133 3,341 6,097 4,856 3,220 2,663 827 39,236 9,324 6,882 3,688 5,523 4,197 3,153 2,898 760 36,425 Unallocable expenses 4,812 4,678 Other income, net 3,600 4,711 Finance cost 416 470 Profit before tax 37,608 35,988 |\n| Income tax expense 10,858 9,740 Net Profit 26,750 26,248 Depreciation and amortization expense 4,812 4,678 Non-cash expenses other than depreciation and amortization — — (1) Financial Services include enterprises in Financial Services and Insurance (2) Retail includes enterprises in Retail, Consumer Packaged Goods and Logistics (3) Communication includes enterprises in Communication, Telecom OEM and Media (4) Life Sciences includes enterprises in Life sciences and Health care (5) Others include operating segments of businesses in India, Japan, China, Infosys Public Services & other enterprises in Public Services |\n| Significant clients |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 337, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "30a1e12bf879d06b", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the year ended March 31, 2025 | Page: 338\n\n| General and adm Total operating ex Operating profit Other income, net Finance cost Profit before tax Tax expense: Current tax Deferred tax Profit for the peri Other comprehen Items that will not Remeasurement of Equity instruments | inistrati penses od sive inc be recla the net through | on expenses ome ssified subsequently to profit defined benefit liability/asset, other comprehensive income | or loss net , net |  | 2.19 2.17 2.17 2.22 2.5 | 7,631 15,219 34,424 3,600 416 37,608 12,130 (1,272) 26,750 (92) 19 (73) |  | 7,537 14,510 31,747 4,711 470 35,988 8,390 1,350 26,248 120 19 139 |\n|---|---|---|---|---|---|---|---|---|\n| Items that will be r Fair value changes Exchange differenc Fair value changes Total other compr | eclassifi on deriv es on tr on inve ehensiv | ed subsequently to profit or atives designated as cash flo anslation of foreign operation stments, net e income / (loss), net of tax | loss w hedge, net s, net |  | 2.11 2.5 | (24) 357 199 532 |  | 11 226 144 381 |\n| Total comprehens | ive inco | me for the period |  |  |  | 459 |  | 520 |\n| Profit attributable Owners of the Com Non-controlling int | to: pany erests |  |  |  |  | 27,209 26,713 37 26,750 |  | 26,768 26,233 15 26,248 |\n| Total comprehens Owners of the Com Non-controlling int | ive inco pany erests | me attributable to: |  |  |  | 27,167 42 27,209 |  | 26,754 14 26,768 |\n| for and on behalf o | f the Bo | ard of Directors of Infosys L | imited Nandan M. Nilekani Chairman | Salil Pa Chief E | rekh xecutive Officer |  | Bobby Parikh Director |  |\n| Bengaluru |  |  | DIN: 00041245 Jayesh Sanghrajka Chief Financial Officer | and Ma DIN: 0 A.G.S. Compa | naging Director 1876159 Manikantha ny Secretary |  | DIN: 00019437 |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 338, "section": "for the year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "79d7b518b46a517e", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 342\n\n|  | for | the three months and year ended March 31, 2025 |\n|---|---|---|\n| ex |  | Page N |\n| dens | ed Consolidated | Balance Sheet ……………………………………………………………………………………………1… |\n| dens | ed Consolidated | Statement of Profit and Loss ………………………………………………………………………………2 |\n| dens | ed Consolidated | Statement of Changes in Equity …………………………………………………………………………3… |\n| dens | ed Consolidated | Statement of Cash Flows …………………………………………………………………………………5… |\n| rvie verv | w and Notes to iew | the Interim Condensed Consolidated Financial Statements |\n| 1.1 C | ompany overvi | ew …………………………………………………………………………………………………………7… |\n| 1.2 B | asis of prepara | tion of financial statements …………………………………………………………………………………7 |\n| 1.3 B | asis of consolid | ation ………………………………………………………………………………………………………7… |\n| 1.4 U | se of estimates | and judgments ……………………………………………………………………………………………7… |\n| 1.5 C otes | ritical accounti to the Interim | ng estimates and judgments…………………………………………………………………………………7 Condensed Consolidated Financial Statements |\n| 2.1 B | usiness Combi | nations ………………………………………………………………………………………………………9 |\n| 2.2 P | roperty, plant a | nd equipment ………………………………………………………………………………………………11… |\n| 2.3 G | oodwill and int | angible assets………………………………………………………………………………………………13… |\n| 2.4 I | nvestments …… | ……………………………………………………………………………………………………………14… |\n| 2.5 L | oans ………… | ……………………………………………………………………………………………………………1…5 |\n| 2.6 O | ther financial a | ssets ………………………………………………………………………………………………………1…5 |\n| 2.7 T | rade receivable | s ……………………………………………………………………………………………………………15… |\n| 2.8 C | ash and cash e | quivalents …………………………………………………………………………………………………1…6 |\n| 2.9 O | ther assets … | ………………………………………………………………………………………………………………16… |\n| 2.10 | Financial instru | ments ………………………………………………………………………………………………………17… |\n| 2.11 | Equity ……… | ………………………………………………………………………………………………………………21… |\n| 2.12 | Other financial | liabilities …………………………………………………………………………………………………2…4 |\n| 2.13 | Other liabilities | ……………………………………………………………………………………………………………2…4 |\n| 2.14 | Provisions …… | ……………………………………………………………………………………………………………2…5 |\n| 2.15 | Income taxes … | ……………………………………………………………………………………………………………26… |\n| 2.16 | Revenue from | operations …………………………………………………………………………………………………2…7 |\n| 2.17 | Other income, | net …………………………………………………………………………………………………………2…9 |\n| 2.18 | Expenses …… | ……………………………………………………………………………………………………………3…0 |\n| 2.19 | Leases ……… | ………………………………………………………………………………………………………………31… |\n| 2.20 | Earnings per eq | uity share …………………………………………………………………………………………………3…3 |\n| 2.21 | Contingent liab | ilities and commitments ……………………………………………………………………………… 33 |\n| 2.22 | Related party tr | ansactions …………………………………………………………………………………………………35… |\n| 2.23 | Segment report | ing …………………………………………………………………………………………………………36… |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 342, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "cd0348c8ffcaaff4", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 343\n\n| Other intangible a Financial assets Investments Loans Other financial Deferred tax asse Income tax assets Other non-curren Total non-curren Current assets Financial assets Investments Trade receivab Cash and cash | ssets assets ts (net) (net) t assets t assets les equivalents |  |  |  | 2.4 2.5 2.6 2.9 2.4 2.7 2.8 | 2,766 11,059 16 3,511 1,108 1,622 2,713 51,804 12,482 31,158 24,455 |  | 1,397 11,708 34 3,105 454 3,045 2,121 48,382 12,915 30,193 14,786 |\n|---|---|---|---|---|---|---|---|---|\n| Loans Other financial Income tax assets Other current ass Total current as Total assets EQUITY AND L Equity Equity share capi | assets (net) ets sets IABILITIES tal |  |  |  | 2.5 2.6 2.9 2.11 | 249 13,840 2,975 11,940 97,099 148,903 2,073 |  | 248 12,085 6,397 12,808 89,432 137,814 2,071 |\n| Other equity Total equity attr Non-controlling i Total equity Liabilities Non-current liab Financial Liabilit Lease liabilitie | ibutable to equity holders of the nterests ilities ies s | Company |  |  | 2.19 | 93,745 95,818 385 96,203 5,772 |  | 86,045 88,116 345 88,461 6,400 |\n| Other financial Deferred tax liabi Other non-curren Total non-curren Current liabilitie Financial Liabilit Lease liabilitie Trade payables Other financial Other current liab Provisions Income tax liabili | liabilities lities (net) t liabilities t liabilities s ies s liabilities ilities ties (net) |  |  |  | 2.12 2.13 2.19 2.12 2.13 2.14 | 2,141 1,722 215 9,850 2,455 4,164 18,138 11,765 1,475 4,853 |  | 2,130 1,794 235 10,559 1,959 3,956 16,959 10,539 1,796 3,585 |\n| Total current lia Total equity and The accompanyin As per our report for Deloitte Hask Chartered Accou Firm’s Registrati 117366W/ W-10 Vikas Bagaria Partner | bilities liabilities g notes form an integral part of th of even date attached ins & Sells LLP ntants on No : 0018 | e interim condensed consolidated for and on behalf of the Board of Nandan M. Nilekani Chairman | financial statement Directors of Infosys | s Limited Salil Pare Chief Exe | kh cutive Officer | 42,850 148,903 | Bobby Parikh Director | 38,794 137,814 |\n| Membership No. Bengaluru April 17, 2025 | 060408 | DIN: 00041245 Jayesh Sanghrajka |  | and Man DIN: 018 A.G.S. M | aging Director 76159 anikantha |  | DIN: 00019437 |  |\n|  |  | Chief Financial Officer |  | Company Members | Secretary hip No. A21918 |  |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 343, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "701ffd929311f1ea", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 344\n\n| INFOSYS LI Condensed Con | MITED AND solidated Statem | SUBSIDIA ent of Profit | RIES and Loss for | the | Note No. T | (In ₹ hree months ended 2025 | crore, except equity March 31, 2024 | share and per equi Year ended Ma 2025 | ty share data) rch 31, 2024 |\n|---|---|---|---|---|---|---|---|---|---|\n| Revenue from op Other income, ne Total income Expenses Employee benefit Cost of technical Travel expenses Cost of software Communication e Consultancy and Depreciation and | erations t expenses sub-contractors packages and oth xpenses professional char amortization exp | ers ges enses |  |  | 2.16 2.17 2.18 2.18 | 40,925 1,190 42,115 22,015 3,276 520 3,899 147 301 1,299 | 37,923 2,729 40,652 20,393 2,967 471 3,687 147 489 1,163 | 162,990 3,600 166,590 85,950 12,937 1,894 15,911 620 1,655 4,812 | 153,670 4,711 158,381 82,620 12,232 1,759 13,515 677 1,726 4,678 |\n| Finance cost Other expenses Total expenses Profit before tax Tax expense: Current tax Deferred tax Profit for the pe Other comprehe Items that will no Remeasurement Equity instrumen Items that will be | riod nsive income t be reclassified of the net defined ts through other c reclassified sub | subsequently t benefit liabilit omprehensive sequently to pr | o profit or lo y/asset, net income, net ofit or loss | ss | 2.18 2.15 2.15 | 102 893 32,452 9,663 2,784 (159) 7,038 (145) 29 (116) | 110 985 30,412 10,240 1,173 1,092 7,975 26 (12) 14 | 416 4,787 128,982 37,608 12,130 (1,272) 26,750 (92) 19 (73) | 470 4,716 122,393 35,988 8,390 1,350 26,248 120 19 139 |\n| Fair value change Exchange differe Fair value change Total other com | s on derivatives nces on translatio s on investments prehensive inco | designated as c n of foreign op , net me /(loss), net | ash flow hed erations of tax | ge, net |  | (56) 384 63 391 275 | 28 (231) 37 (166) (152) | (24) 357 199 532 459 | 11 226 144 381 520 |\n| Total comprehe Profit attributab Owners of the Non-controllin Total comprehe Owners of the Non-controllin Earnings per eq Equity shares of Basic (₹) | nsive income for le to: Company g interests nsive income att Company g interests uity share par value ₹5/- eac | the period ributable to: h |  |  |  | 7,313 7,033 5 7,038 7,304 9 7,313 16.98 | 7,823 7,969 6 7,975 7,821 2 7,823 19.25 | 27,209 26,713 37 26,750 27,167 42 27,209 64.50 | 26,768 26,233 15 26,248 26,754 14 26,768 63.39 |\n| Diluted (₹) Weighted averag Basic (in sh Diluted (in s The accompanyin As per our repor for Deloitte Hask Chartered Accou Firm’s Registrati 117366W/ W-10 Vikas Bagaria Partner | e equity shares us ares) hares) g notes form an t of even date att ins & Sells LLP ntants on No : 0018 | ed in computi integral part o ached | ng earnings p f the interim for and on be Nandan M. N Chairman | er equity share condensed consolida half of the Board of ilekani | 2.20 2.20 ted financial stateme Directors of Infosys L | 16.94 4,142,429,577 4,151,537,321 nts imited Salil Parekh Chief Executive Of | 19.22 4,139,432,133 4,145,052,370 ficer | 64.34 4,141,611,738 4,152,051,184 Bob Dire | 63.29 4,138,568,090 4,144,680,425 by Parikh ctor |\n| Membership No. Bengaluru April 17, 2025 | 060408 |  | DIN: 000412 Jayesh Sangh | 45 rajka |  | and Managing Dir DIN: 01876159 A.G.S. Manikantha | ector | DIN | : 00019437 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 344, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "9123bc08822af272", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 345\n\n| INFOSYS LI Condensed Con Particulars Balance as at A Changes in equi Profit for the peri Remeasurement Equity instrumen | MITE solidate pril 1, ty for t od of the ne ts throu | D AND S d Statement 2023 he year ende t defined ben gh other com | UBSIDIARIE of Changes in d March 31, 2 efit liability/asse prehensive inco | S Equity E capi 024 t, net* me, net* | Capi quity reser Share tal (1) 2,069 — — — | tal Cap ve redemp rese 54 — — — | ital Securi tion Premi rve 169 — — — | R ties R um e 166 — — — | eserves & Surp etained Ge arnings re 58,957 26,233 — — | lus neral S serve Op Outstan Ac 1,054 — — — | OTH hare tions Eco ding Zo count inve res 878 — — — | ER EQUITY Special Oth nomic reserves ne Re- stment erve (2) 10,014 — — — | er (3) instr throug compre 19 — — — | Other Equity uments diffe h other trans hensive income state foreign 247 — — 19 | comprehensive inco Exchange Effe rences on porti lating the Cash financial He ments of a operation 2,325 — — — | me ctive Other ite on of Flow comprehe dges income / (5) — — — | To ms of at other nsive (loss) (540) — 120 — | tal equity tributable N to equity control holders of inte the Company 75,407 26,233 120 19 | (In on- ling Tota rest 388 15 — — | ₹ crore) l equity 75,795 26,248 120 19 |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| Fair value chang Exchange differe Fair value chang Total Compreh Shares issued on Employee stock c Transferred on ac Transferred on ac Income tax benef Transfer to legal Dividends (1) Dividends paid t Buyback of share Transferred to Sp Transferred from Balance as at M | es on de nces on es on in ensive i exercise ompens count o count o it arisin reserve o non co s pertai ecial Ec Special arch 3 | rivatives desi translation of vestments, ne ncome for th of employee ation expens f exercise of s f options not g on exercise ntrolling inte ning to non c onomic Zone Economic Z 1, 2024 | gnated as cash f foreign operati t* e period stock options ( e (Refer to Note tock options (R exercised of stock options rest of subsidiar ontrolling intere Re-investment one Re-investme | low hedge, net* ons Refer to Note 2.11) 2.11) efer to note 2.11) y st of subsidiary reserve nt reserve on utilization | — — — — 2 — — — — — — — — — — 2,071 | — — — — — — — — — — — — — — — 54 | — — — — — — — — — — — — — — — 169 | — — — — 3 — 447 — — — — — — — — 616 | — — — 26,233 — — — — — (3) (14,692) — — (2,957) 867 68,405 | — — — — — — — 160 — — — — — — — 1,214 | — — — — — 639 (447) (160) 3 — — — — — — 913 | — — — — — — — — — — — — — 2,957 (867) 12,104 | — — — — — — — — — 3 — — — — — 22 | — — — 19 — — — — — — — — — — — 266 | — 227 — 227 — — — — — — — — — — — 2,552 | 11 — — 11 — — — — — — — — — — — 6 | — — 144 264 — — — — — — — — — — — (276) | 11 227 144 26,754 5 639 — — 3 — (14,692) — — — — 88,116 | — (1) — 14 — — — — — — (39) (18) — — 345 | 11 226 144 26,768 5 639 — — 3 — (14,692) (39) (18) — — 88,461 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 345, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "1531f3813d5c2fff", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 346\n\n| capS ith aa l r (1e ) reserve Outs Ata cn cod uin ng t inZ veo sn te m R ene t- ct oh mr pou reg hh e o nt sh ive er transla fit nin ag n ct ih ae l Cas Hh e F dl go ew s c io nm cop mre eh /e (n ls oi sv se ) ht oo l de eq ru s ti ht oy ef con it nro tell ri en sg t Total equity reserve (2) income statements of a Company foreign operation Balance as at April 1, 2024 2,071 54 169 616 68,405 1,214 913 12,104 22 266 2,552 6 (276) 88,116 345 88,461 Changes in equity for the year ended March 31, 2025 Profit for the period — — — — 26,713 — — — — — — — — 26,713 37 26,750 Remeasurement of the net defined benefit liability/asset, net* — — — — — — — — — — — — (92) (92) — (92) Equity instruments through other comprehensive income, net* — — — — — — — — — 19 — — — 19 — 19 Fair value changes on derivatives designated as cash flow hedge, net* — — — — — — — — — — — (24) — (24) — (24) Exchange differences on translation of foreign operations — — — — — — — — — — 352 — — 352 5 357 Fair value changes on investments, net* — — — — — — — — — — — — 199 199 — 199 Total Comprehensive income for the period — — — — 26,713 — — — — 19 352 (24) 107 27,167 42 27,209 Shares issued on exercise of employee stock options (Refer to Note 2.11) 2 — — 4 — — — — — — — — — 6 — 6 Employee stock compensation expense (Refer to Note 2.11) — — — — — — 785 — — — — — — 785 — 785 Transferred on account of exercise of stock options (Refer to Note 2.11) — — — 471 — — (471) — — — — — — — — — Transferred on account of options not exercised — — — — — 198 (198) — — — — — — — — — Income tax benefit arising on exercise of stock options — — — — — — 39 — — — — — — 39 — 39 Transfer to legal reserve — — — — (2) — — — 2 — — — — — — — Dividends (1) — — — — (20,295) — — — — — — — — (20,295) — (20,295) Dividends paid to non controlling interest of subsidiary — — — — — — — — — — — — — — (2) (2) |\n|---|\n| Transferred to Special Economic Zone Re-investment reserve — — — — (74) — — 74 — — — — — — — — Transferred from Special Economic Zone Re-investment reserve to retained — — — — 2,999 — — (2,999) — — — — — — — — earnings Transferred from Special Economic Zone Re-investment reserve on utilization — — — — 881 — — (881) — — — — — — — — Balance as at March 31, 2025 2,073 54 169 1,091 78,627 1,412 1,068 8,298 24 285 2,904 (18) (169) 95,818 385 96,203 * Net of tax (1)Net of treasury shares (2)TheSpecialEconomicZoneRe-investmentReservehasbeencreatedoutoftheprofitofeligibleSEZunitsintermsoftheprovisionsofSec10AA(1)(ii)ofIncomeTaxAct,1961.ThereserveshouldbeutilizedbytheGroupforacquiringnewplantandmachineryforthepurposeofitsbusinessinthetermsoftheSec 10AA(2) of the Income Tax Act, 1961. (3)UndertheSwissCodeofObligation,fewsubsidiariesofInfosysConsultingarerequiredtoappropriateacertainpercentageoftheannualprofittolegalreservewhichmaybeusedonlytocoverlossesorformeasuresdesignedtosustaintheCompanythroughdifficulttimes,topreventunemploymentortomitigate its consequences. The accompanying notes form an integral part of the interim condensed consolidated financial statements. As per our report of even date attached for Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited Chartered Accountants Firm’s Registration No : 117366W/ W-100018 Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director |\n| Membership No. 060408 DIN: 00041245 and Managing Director DIN: 00019437 DIN: 01876159 Bengaluru Jayesh Sanghrajka A.G.S. Manikantha April 17, 2025 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 346, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "26224d31d4a0329a", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 348\n\n| Cash and cash e Cash and cash e Supplementary i Restricted cash b The accompanyin As per our report for Deloitte Hask Chartered Accou Firm’s Registrati 117366W/ W-10 Vikas Bagaria Partner | quivalents quivalents nformatio alance g notes for of even da ins & Sells ntants on No : 0018 | at the beginn at the end of n: m an integral te attached LLP | ing of the p the period part of the for and Nandan Chairma | eriod interim condens on behalf of the M. Nilekani n | ed consolidated f Board of Directo | 2.8 2.8 2.8 inancial statements rs of Infosys Limited Salil Parekh Chief Executive Officer | 14,786 24,455 424 | Bobby Parikh Director | 12,173 14,786 348 |\n|---|---|---|---|---|---|---|---|---|---|\n| Membership No. Bengaluru | 060408 |  | DIN: 00 Jayesh S | 041245 anghrajka |  | and Managing Director DIN: 01876159 A.G.S. Manikantha |  | DIN: 000194 | 37 |\n| April 17, 2025 |  |  | Chief Fi | nancial Officer |  | Company Secretary Membership No. A2191 | 8 |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 348, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "5e94740a55d22b53", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 349\n\n| INFOSYS LIMITED AND SUBSIDIARIES |\n|---|\n| Overview and notes to the Interim Condensed Consolidated Financial Statements |\n| 1. Overview |\n| 1.1 Company overview InfosysLimited('theCompany'orInfosys)providesconsulting,technology,outsourcingandnext-generationdigitalservices,toenableclientstoexecute strategiesfortheirdigitaltransformation.Infosysstrategicobjectiveistobuildasustainableorganizationthatremainsrelevanttotheagendaofclients,while |\n| creatinggrowthopportunitiesforemployeesandgeneratingprofitablereturnsforinvestors.Infosysstrategyistobeanavigatorforourclientsastheyideate, plan and execute on their journey to a digital future. |\n| Infosys together with its subsidiaries and controlled trusts is hereinafter referred to as the \"Group\". TheCompanyisapubliclimitedcompanyincorporatedanddomiciledinIndiaandhasitsregisteredofficeatElectronicscity,HosurRoad,Bengaluru 560100,Karnataka,India.TheCompanyhasitsprimarylistingsontheBSELtd.andNationalStockExchangeofIndiaLimited.TheCompany’sAmerican |\n| Depositary Shares (ADS) representing equity shares are listed on the New York Stock Exchange (NYSE). |\n| The Group's interim condensed consolidated financial statements are approved for issue by the Company's Board of Directors on April 17, 2025. |\n| 1.2 Basis of preparation of financial statements These interimcondensed consolidated financial statements areprepared in compliance with Indian AccountingStandard (Ind AS)34 InterimFinancial Reporting,underthehistoricalcostconventiononaccrualbasisexceptforcertainfinancialinstrumentswhicharemeasuredatfairvaluesanddefinedbenefit liability/(asset)whichisrecognisedatthepresentvalueofdefinedbenefitobligationlessfairvalueofplanassets,theprovisionsoftheCompaniesAct,2013 ('the Act') and guidelines issued by the Securities and Exchange Board of India (SEBI). Accordingly, these interim condensed consolidated financial |\n| statementsdonotincludealltheinformationrequiredforacompletesetoffinancialstatements.Theseinterimcondensedconsolidatedfinancialstatements shouldbereadinconjunctionwiththeconsolidatedfinancialstatementsandrelatednotesincludedintheCompany’sAnnualReportfortheyearended March31,2024.TheIndASareprescribedunderSection133oftheActreadwithRule3oftheCompanies(IndianAccountingStandards)Rules,2015 and relevant amendment rules issued thereafter. Accounting policies have been consistently applied except where a newly issued accounting standard is initiallyadopted or a revision to an existing accountingstandardrequiresachangeintheaccountingpolicyhithertoinuse.Thematerialaccountingpolicyinformationusedinpreparationoftheaudited |\n| interim condensed consolidated financial statements have been discussed in the respective notes. Asthequarterandyear-to-datefiguresaretakenfromthesourceandroundedtothenearestdigits,thequarterfiguresinthisstatementaddeduptothefigures |\n| reported for the previous quarters might not always add up to the year-to-date figures reported in this statement. |\n| 1.3 Basis of consolidation Infosysconsolidatesentitieswhichitownsorcontrols.Theinterimcondensedconsolidatedfinancialstatementscomprisethefinancialstatementsofthe Company,itscontrolledtrustsanditssubsidiaries.Controlexistswhentheparenthaspowerovertheentity,isexposed,orhasrightstovariablereturnsfrom |\n| itsinvolvementwiththeentityandhastheabilitytoaffectthosereturnsbyusingitspowerovertheentity.Powerisdemonstratedthroughexistingrightsthat givetheabilitytodirectrelevantactivities,thosewhichsignificantlyaffecttheentity'sreturns.Subsidiariesareconsolidatedfromthedatecontrolcommences until the date control ceases. ThefinancialstatementsoftheGroupcompaniesareconsolidatedonaline-by-linebasisandintra-groupbalancesandtransactionsincludingunrealizedgain /lossfromsuchtransactionsareeliminateduponconsolidation.Thesefinancialstatementsarepreparedbyapplyinguniformaccountingpoliciesinuseatthe |\n| Group.Non-controllinginterestswhichrepresentpartofthenetprofitorlossandnetassetsofsubsidiariesthatarenot,directlyorindirectly,ownedor controlled by the Company, are excluded. |\n| 1.4 Use of estimates and judgments The preparation of the interim condensed consolidated financial statements in conformity with Ind AS requires the Management to make estimates, judgmentsandassumptions. Theseestimates,judgmentsandassumptionsaffecttheapplicationofaccountingpoliciesandthereportedamountsofassets andliabilities,thedisclosuresofcontingentassetsandliabilitiesatthedateoftheinterimcondensedconsolidatedfinancialstatementsandreportedamounts of revenues and expenses during the period. The application of accounting policies that require critical accounting estimates involving complex and |\n| subjectivejudgmentsandtheuseofassumptionsinthesefinancialstatementshavebeendisclosedinNoteno.1.5.Accountingestimatescouldchangefrom periodtoperiod.Actualresultscoulddifferfromthoseestimates. AppropriatechangesinestimatesaremadeasManagementbecomesawareofchangesin circumstancessurroundingtheestimates. Changesinestimatesandjudgementsarereflectedintheinterimcondensedconsolidatedfinancialstatementsin the period in which changes are made and, if material, their effects are disclosed in the notes to the interim condensed consolidated financial statements. |\n| 1.5 Critical accounting estimates and judgments |\n| a. Revenue recognition TheGroup’scontractswithcustomersincludepromisestotransfermultipleproductsandservicestoacustomer.Revenuesfromcustomercontractsare considered forrecognitionand measurementwhen thecontracthasbeen approved,in writing,bytheparties tothe contract,thepartiestocontractare committedtoperformtheirrespectiveobligationsunderthecontract,andthecontractislegallyenforceable.TheGroupassessestheservicespromisedina |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 349, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "7a9fa0393433f235", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 350\n\n| servicesaregenerallydiscreteinnatureandnotrepetitive.Theuseofmethodtorecognizethemaintenancerevenuesrequiresjudgmentandisbasedonthe promises in the contract and nature of the deliverables. TheGroupusesthepercentage-of-completionmethodinaccountingforotherfixed-pricecontracts.Useofthepercentage-of-completionmethodrequiresthe Grouptodeterminetheactualeffortsorcostsexpendedtodateasaproportionoftheestimatedtotaleffortsorcoststobeincurred.Effortsorcostsexpended |\n|---|\n| havebeenusedtomeasureprogresstowardscompletionasthereisadirectrelationshipbetweeninputandproductivity.Theestimationoftotaleffortsor costs involves significant judgment and is assessed throughout the period of the contract to reflect any changes based on the latest available information. Contractswithcustomersincludessubcontractorservicesorthird-partyvendorequipmentorsoftwareincertainintegratedservicesarrangements.Inthese typesofarrangements,revenuefromsalesofthird-partyvendorproductsorservicesisrecordednetofcostswhentheGroupisactingasanagentbetweenthe customerandthevendor,andgrosswhentheGroupistheprincipalforthetransaction.Indoingso,theGroupfirstevaluateswhetheritobtainscontrolofthe |\n| specifiedgoodsorservicesbeforetheyaretransferredtothecustomer.TheGroupconsiderswhetheritisprimarilyresponsibleforfulfillingthepromiseto providethespecifiedgoodsorservices,inventoryrisk,pricingdiscretionandotherfactorstodeterminewhetheritcontrolsthespecifiedgoodsorservicesand therefore, is acting as a principal or an agent. Provisionsforestimatedlosses,ifany,onincompletecontractsarerecordedintheperiodinwhichsuchlossesbecomeprobablebasedontheestimated |\n| efforts or costs to complete the contract. |\n| b. Income taxes |\n| The Group's two major tax jurisdictions are India and the United States, though the Company also files tax returns in other overseas jurisdictions. Significant judgments are involved in determining the provision for income taxes,including amount expected tobe paid / recovered for uncertain tax positions. Inassessingtherealizabilityofdeferredincometaxassets,theManagementconsiderswhethersomeportionorallofthedeferredincometaxassetswillnot berealized.Theultimaterealizationofdeferredincometaxassetsisdependentuponthegenerationoffuturetaxableincomeduringtheperiodsinwhichthe |\n| temporarydifferencesbecomedeductible.Managementconsidersthescheduledreversalsofdeferredincometaxliabilities,projectedfuturetaxableincome andtaxplanningstrategiesinmakingthisassessment.Basedonthelevelofhistoricaltaxableincomeandprojectionsforfuturetaxableincomeoverthe periods in which the deferred income tax assets are deductible, the Management believes that the Group will realize the benefits of those deductible differences.Theamountofthedeferredincometaxassetsconsideredrealizable,however,couldbereducedintheneartermifestimatesoffuturetaxable income during the carry forward period are reduced (Refer to Notes 2.15). |\n| c. Business combinations and intangible assets Business combinations are accounted for using Ind AS 103, Business Combinations. Ind AS 103 requires us to fair value identifiable intangible assets and contingent consideration to ascertain the net fair value of identifiable assets, liabilities and contingent liabilities of the acquiree. These valuations are |\n| conducted by external valuation experts. Estimates are required to be made in determining the value of contingent consideration, value of option arrangements and intangible assets. These measurements are based on information available at the acquisition date and are based on expectations and assumptions that have been deemed reasonable by the Management (Refer to Note 2.1 and 2.3.2). |\n| d. Property, plant and equipment Property,plantandequipmentrepresentasignificantproportionoftheassetbaseoftheGroup.Thechargeinrespectofperiodicdepreciationisderivedafter determininganestimateofanasset’sexpectedusefullifeandtheexpectedresidualvalueattheendofitslife.TheusefullivesandresidualvaluesofGroup's |\n| assetsaredeterminedbytheManagementatthetimetheassetisacquiredandreviewedperiodically,includingateachfinancialyearend.Thelivesarebased onhistoricalexperiencewithsimilarassetsaswellasanticipationoffutureevents,whichmayimpacttheirlife,suchaschangesintechnology(RefertoNote 2.2). |\n| e. Impairment of Goodwill Goodwillistestedforimpairmentonanannualbasisandwheneverthereisanindicationthattherecoverableamountofacashgeneratingunit(CGUs)isless |\n| than its carrying amount. For the impairment test, goodwill is allocated to the CGU or groups of CGUs which benefit from the synergies of the acquisition and which represent the lowest level at which goodwill is monitored for internal management purposes. TherecoverableamountofCGUsisdeterminedbasedonhigherofvalue-in-useandfairvaluelesscosttosell.Keyassumptionsinthecashflowprojections |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 350, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "c1d0371d84998c9f", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 351\n\n| 2. Notes to the Interim Condensed Consolidated Financial Statements |\n|---|\n| 2.1 BUSINESS COMBINATIONS |\n| Accounting policy |\n| Business combinations have been accounted for using the acquisition method under the provisions of Ind AS 103, Business Combinations. Thepurchasepriceinanacquisitionismeasuredatthefairvalueoftheassetstransferred,equityinstrumentsissuedandliabilitiesincurredorassumedatthe date of acquisition, which is the date on which control is transferred to the Group. The purchase price also includes the fair value of any contingent |\n| consideration.Identifiableassetsacquiredandliabilitiesandcontingentliabilitiesassumedinabusinesscombinationaremeasuredinitiallyattheirfairvalue on the date of acquisition. Contingent consideration is remeasured at fair value at each reporting date and changes in the fair value of the contingent consideration are recognized in the interim condensed Consolidated Statement of Profit and Loss. Theinterestofnon-controllingshareholdersisinitiallymeasuredeitheratfairvalueoratthenon-controllinginterests’proportionateshareoftheacquiree’s identifiablenetassets.Thechoiceofmeasurementbasisismadeonanacquisition-by-acquisitionbasis.Subsequenttoacquisition,thecarryingamountofnon- |\n| controlling interests is the amount of those interests at initial recognition plus the non-controlling interests’ share of subsequent changes in equity of subsidiaries. BusinesscombinationsbetweenentitiesundercommoncontrolisaccountedforatcarryingvalueoftheassetsacquiredandliabilitiesassumedintheGroup's |\n| consolidated financial statements. ThepaymentsrelatedtooptionsissuedbytheGroupoverthenon-controllinginterestsinitssubsidiariesareaccountedasfinancialliabilitiesandinitially |\n| recognizedattheestimatedpresentvalueofgrossobligations.Suchoptionsaresubsequentlymeasuredatfairvalueinordertoreflecttheamountpayable under the option at the date at which it becomes exercisable. In the event that the option expires unexercised, the liability is derecognized. |\n| Acquisition |\n| InSemi OnMay10,2024,InfosysLtdacquired100%votinginterestsinInSemiTechnologyServicesPrivateLimited,asemiconductordesignservicescompany |\n| headquartered in India. This acquisition is expected to strengthen our expertise in semiconductor ecosystem and Engineering R&D services. The purchase price is allocated to assets acquired and liabilities assumed based upon determination of fair values at the date of acquisition as follows: (In ₹ crore) |\n| Component Acquiree's Fair value Purchase price carrying amount adjustments allocated Net Assets(1) 4 0 - 4 0 Intangible assets: |\n| Customer related# - 60 6 0 # |\n| Brand - 13 1 3 Deferred tax liabilities on intangible assets - ( 18) (18) Total 9 5 Goodwill 1 03 Total purchase price 1 98 (1) |\n| Includes cash and cash equivalents acquired of ₹ 41 crore. #The estimated useful life is around 1 year to 5 years Theexcessofthepurchaseconsiderationpaidoverthefairvalueofassetsacquiredhasbeenattributedtogoodwill.Theprimaryitemsthatgeneratedthis goodwill are the value of the acquired assembled workforce and estimated synergies, neither of which qualify as an intangible asset. Goodwill is not tax-deductible. Thepurchaseconsiderationof₹198croreincludescashof₹168croreandcontingentconsiderationwithanestimatedfairvalueof₹30croreasonthedateof acquisition. |\n| Attheacquisitiondate,thekeyinputsusedindeterminationofthefairvalueofcontingentconsiderationaretheprobabilitiesassignedtowardsachievementof financial targets and discount rate of 5.9%. The undiscounted value of contingent consideration as of March 31, 2025 was ₹33 crore. Additionally, this acquisition has retention bonus and management incentive payable to the employees of the acquiree over three years, subject to their |\n| continuousemploymentwiththeGroupandachievementoffinancialtargetsfortherespectiveyears.Bonusandincentivesarerecognizedinemployeebenefit expenses in the Statement of Profit and loss over the period of service. |\n| Fair value of trade receivables acquired is ₹32 crore as of acquisition date and as of March 31, 2025 the amounts are substantially collected. TransactioncoststhattheGroupincursinconnectionwithabusinesscombinationsuchasfinder’sfees,legalfees,duediligencefees,andotherprofessional andconsultingfeesareexpensedasincurred.Thetransactioncostsof₹2crorerelatedtotheacquisitionhavebeenincludedunderadministrativeexpensesin |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 351, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "964417002e99936f", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 352\n\n| in-tech Holding GmbH OnJuly17,2024,InfosysGermanyGmbHwhollyownedstepdownsubsidiaryofInfosysLimitedacquired100%votinginterestsinin-techHoldingGmbH,a leadingproviderofengineeringR&DservicesheadquarteredinGermany.ThisacquisitionisexpectedtostrengthenInfosys’engineeringR&Dcapabilities |\n|---|\n| and reaffirms its continued commitment to global clients to navigate their digital engineering journey. The purchase price is allocated to assets acquired and liabilities assumed based upon determination of fair values at the date of acquisition as follows: |\n| (In ₹ crore) Component Acquiree's Fair value Purchase price |\n| carrying amount adjustments allocated (1) |\n| Assets 7 31 - 7 31 Liabilities ( 364) - (364) Intangible assets: |\n| Customer related# - 1,720 1 ,720 # |\n| Brand - 147 1 47 Deferred tax liabilities on intangible assets - ( 511) (511) |\n| Goodwill - - 2 ,490 |\n| Loan ( 985) (985) |\n| Total purchase price 3 ,228 |\n| Loan repayment 9 85 |\n| Total cash outflow 4 ,213 (1)Includes cash and cash equivalents acquired of ₹197 crore. #The estimated useful life is around 6 years to 10 years |\n| Theexcessofthepurchaseconsiderationpaidoverthefairvalueofassetsacquiredhasbeenattributedtogoodwill.Theprimaryitemsthatgeneratedthis goodwill are the value of the acquired assembled workforce and estimated synergies, neither of which qualify as an intangible asset. |\n| Goodwill is not tax-deductible. |\n| The total purchase consideration of EUR 356 million (₹3,228 crore) comprises the cash consideration paid to selling shareholders at the acquisition date. Additionally,thisacquisitionhasretentionbonusandmanagementincentivepayabletotheemployeesoftheacquireeovertwotofiveyears,subjecttotheir |\n| continuousemploymentwiththeGroupandachievementoffinancialtargetsfortherespectiveyears.Bonusandincentivesarerecognizedinemployeebenefit expenses in the Consolidated Statement of Profit and loss over the period of service. |\n| Fair value of trade receivables acquired is ₹139 crore as of acquisition date and as of March 31, 2025 the amounts are substantially collected. TransactioncoststhattheGroupincursinconnectionwithabusinesscombinationsuchasfinder’sfees,legalfees,duediligencefees,andotherprofessional |\n| andconsultingfeesareexpensedasincurred.Thetransactioncostsof₹4crorerelatedtotheacquisitionhavebeenincludedunderadministrativeexpensesin the Consolidated Statement of Profit and loss for the quarter ended September 30, 2024. Proposed acquisitions OnApril17,2025,InfosysSingaporePteLtd.,awholly-ownedstepdownsubsidiaryofInfosysLimited,enteredintoadefinitiveagreementtoacquire100% |\n| oftheequitysharecapitalofTheMissingLink,aleadingCybersecurityserviceproviderheadquarteredinAustralia,foraconsiderationincludingearn-outs amounting up to AUD 98 million (approximately ₹527 crore) , excluding management incentives, and retention bonus, subject to customary closing adjustments. OnApril17,2025,InfosysNovaHoldingsLLC,awholly-ownedstepdownsubsidiaryofInfosysLimited,enteredintoadefinitiveagreementtoacquire100% ofthepartnershipinterestsofMREConsultingLtd,aleadingEnergyConsultingcompany,headquarteredinUSA,foraconsiderationincludingearn-outs |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 352, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "c81d82484d3ff776", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 353\n\n| 2.2 PROPERTY, PLANT AND EQUIPMENT |\n|---|\n| Accounting policy Property,plantandequipmentarestatedatcost,lessaccumulateddepreciationandimpairment,ifany.Costsdirectlyattributabletoacquisitionarecapitalizeduntiltheproperty,plantand equipmentarereadyforuse,asintendedbytheManagement.Thechargeinrespectofperiodicdepreciationisderivedatafterdetermininganestimateofanasset’sexpectedusefullifeandthe |\n| expectedresidualvalueattheendofitslife.TheGroupdepreciatesproperty,plantandequipmentovertheirestimatedusefullivesusingthestraight-linemethod.Theestimatedusefullivesofassets are as follows: Buildings (1) 22-25 years Plant and machinery (1)(2) 5 years Office equipment 5 years Computer equipment (1) 3-5 years Furniture and fixtures (1) 5 years |\n| Vehicles(1) 5 years Leasehold improvements Lower of useful life of the asset or lease term (1)Basedontechnicalevaluation,theManagementbelievesthattheusefullivesasgivenabovebestrepresenttheperiodoverwhichtheManagementexpectstousetheseassets.Hence,theuseful lives for these assets is different from the useful lives as prescribed under Part C of Schedule II of the Companies Act 2013 (2) Includes Solar plant with a useful life of 25 years Depreciationmethods,usefullivesandresidualvaluesarereviewedperiodically,includingateachfinancialyearend.Theusefullivesarebasedonhistoricalexperiencewithsimilarassetsaswell |\n| as anticipation of future events, which may impact their life, such as changes in technology. Advancespaidtowardstheacquisitionofproperty,plantandequipmentoutstandingateachBalanceSheetdateisclassifiedascapitaladvancesunderothernon-currentassetsandthecostofassets notreadytousebeforesuchdatearedisclosedunder‘Capitalwork-in-progress’.Subsequentexpendituresrelatingtoproperty,plantandequipmentiscapitalizedonlywhenitisprobablethatfuture |\n| economicbenefitsassociatedwiththesewillflowtotheGroupandthecostoftheitemcanbemeasuredreliably.Thecostandrelatedaccumulateddepreciationareeliminatedfromthefinancial statements upon sale or retirement of the asset. Impairment Property,plantandequipmentareevaluatedforrecoverabilitywhenevereventsorchangesincircumstancesindicatethattheircarryingamountsmaynotberecoverable.Forthepurposeof |\n| impairmenttesting,therecoverableamount(i.e.thehigherofthefairvaluelesscosttosellandthevalue-in-use)isdeterminedonanindividualassetbasisunlesstheassetdoesnotgeneratecash flows that are largely independent of those from other assets. In such cases, the recoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs. Ifsuchassetsareconsideredtobeimpaired,theimpairmenttoberecognizedintheConsolidatedStatementofProfitandLossismeasuredbytheamountbywhichthecarryingvalueoftheassets exceedstheestimatedrecoverableamountoftheasset.AnimpairmentlossisreversedintheConsolidatedStatementofProfitandLossiftherehasbeenachangeintheestimatesusedtodetermine |\n| therecoverableamount.Thecarryingamountoftheassetisincreasedtoitsrevisedrecoverableamount,providedthatthisamountdoesnotexceedthecarryingamountthatwouldhavebeen determined (net of any accumulated depreciation) had no impairment loss been recognized for the asset in prior years. The changes in the carrying value of property, plant and equipment for the three months ended March 31, 2025 are as follows: (In ₹ crore) Particulars Land - Buildings Plant and Office Computer Furniture Leasehold Vehicles Total Freehold (1) machinery Equipment equipmentand fixtures Improvements Gross carrying value as at January 1, 2025 1,432 11,716 3,459 1,608 8,734 2,371 1,451 48 30,819 Additions 47 5 11 31 697 12 40 — 843 Additions on Business Combinations (Refer to note 2.1) — — — — — — — — — Deletions** — (6) (9) (13) (140) (46) (189) — (403) Translation difference — 6 — 2 15 3 5 — 31 |\n| Gross carrying value as at March 31, 2025 1,479 11,721 3,461 1,628 9,306 2,340 1,307 48 31,290 Accumulated depreciation as at January 1, 2025 — (5,247) (2,774) (1,319) (6,846) (1,930) (1,171) (43) (19,330) Depreciation — (109) (47) (30) (292) (41) (30) — (549) Accumulated depreciation on deletions** — 1 9 13 133 44 187 — 387 Translation difference — (3) (1) (1) (8) (2) (5) — (20) Accumulated depreciation as at March 31, 2025 — (5,358) (2,813) (1,337) (7,013) (1,929) (1,019) (43) (19,512) Carrying value as at January 1, 2025 1,432 6,469 685 289 1,888 441 280 5 11,489 Carrying value as at March 31, 2025 1,479 6,363 648 291 2,293 411 288 5 11,778 The changes in the carrying value of property, plant and equipment for the three months ended March 31, 2024 are as follows: (In ₹ crore) |\n| Particulars Land - Buildings Plant and Office Computer Furniture Leasehold Vehicles Total Freehold (1) machinery Equipment equipmentand fixtures Improvements Gross carrying value as at January 1, 2024 1,432 11,498 3,305 1,510 8,497 2,308 1,456 45 30,051 Additions — 287 140 33 345 54 35 — 894 Deletions* — — (16) (14) (224) (34) (37) — (325) Translation difference — (15) (1) (1) (7) (2) (7) — (33) Gross carrying value as at March 31, 2024 1,432 11,770 3,428 1,528 8,611 2,326 1,447 45 30,587 Accumulated depreciation as at January 1, 2024 — (4,814) (2,584) (1,253) (6,267) (1,807) (1,131) (42) (17,898) |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 353, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "371565715a278816", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 354\n\n| Particulars Land - Buildings Plant and Office Computer Furniture Leasehold Vehicles Total Freehold (1) machinery Equipment equipmentand fixtures Improvements Gross carrying value as at April 1, 2024 1,432 11,770 3,428 1,528 8,611 2,326 1,447 45 30,587 Additions 47 43 63 139 1,317 93 139 2 1,843 Additions on Business Combinations (Refer to note 2.1) — 1 — 11 6 23 — 2 43 Deletions** — (113) (31) (52) (633) (101) (290) (1) (1,221) Translation difference — 20 1 2 5 (1) 11 — 38 Gross carrying value as at March 31, 2025 1,479 11,721 3,461 1,628 9,306 2,340 1,307 48 31,290 |\n|---|\n| Accumulated depreciation as at April 1, 2024 — (4,921) (2,630) (1,269) (6,380) (1,837) (1,138) (42) (18,217) Depreciation — (444) (203) (118) (1,249) (187) (157) (2) (2,360) Accumulated depreciation on deletions** — 13 21 51 616 94 286 1 1,082 Translation difference — (6) (1) (1) — 1 (10) — (17) Accumulated depreciation as at March 31, 2025 — (5,358) (2,813) (1,337) (7,013) (1,929) (1,019) (43) (19,512) Carrying value as at April 1, 2024 1,432 6,849 798 259 2,231 489 309 3 12,370 Carrying value as at March 31, 2025 1,479 6,363 648 291 2,293 411 288 5 11,778 **DuringthethreemonthsandyearendedMarch31,2025,certainassetswhichwerenotinusehavinggrossbookvalueof₹113crore(netbookvalue:Nil)and₹513crore(netbookvalue:Nil), |\n| respectively were retired. The changes in the carrying value of property, plant and equipment for the year ended March 31, 2024 are as follows: (In ₹ crore) |\n| Particulars Land - Buildings Plant and Office Computer Furniture Leasehold Vehicles Total Freehold (1) machinery Equipment equipmentand fixtures Improvements Gross carrying value as at April 1, 2023 1,431 11,562 3,302 1,482 8,519 2,303 1,445 45 30,089 Additions 1 300 193 106 931 121 108 1 1,761 Deletions* — (55) (64) (60) (846) (99) (102) (1) (1,227) Translation difference — (37) (3) — 7 1 (4) — (36) Gross carrying value as at March 31, 2024 1,432 11,770 3,428 1,528 8,611 2,326 1,447 45 30,587 Accumulated depreciation as at April 1, 2023 — (4,535) (2,437) (1,198) (5,826) (1,675) (1,032) (40) (16,743) |\n| Depreciation — (450) (259) (130) (1,387) (250) (206) (3) (2,685) Accumulated depreciation on deletions* — 55 64 59 836 89 97 1 1,201 Translation difference — 9 2 — (3) (1) 3 — 10 Accumulated depreciation as at March 31, 2024 — (4,921) (2,630) (1,269) (6,380) (1,837) (1,138) (42) (18,217) Carrying value as at April 1, 2023 1,431 7,027 865 284 2,693 628 413 5 13,346 Carrying value as at March 31, 2024 1,432 6,849 798 259 2,231 489 309 3 12,370 *DuringthethreemonthsandyearendedMarch31,2024,certainassetswhichwerenotinusehavinggrossbookvalueof₹181crore(netbookvalue:Nil)and₹775crore(netbookvalue:Nil), respectively were retired. (1) |\n| Buildings include ₹250/- being the value of five shares of ₹50/- each in Mittal Towers Premises Co-operative Society Limited. The aggregate depreciation has been included under depreciation and amortization expense in the interim condensed Consolidated Statement of Profit and Loss. Repairs and maintenance costs are recognized in the Consolidated Statement of Profit and Loss when incurred. ConsequenttotheCompanies(CorporateSocialResponsibilityPolicy)AmendmentRules,2021(“theRules”),theCompanywasrequiredtotransferitsCSRcapitalassetsinstalledpriortoJanuary 2021.TowardsthistheCompanyhadincorporatedasubsidiary‘InfosysGreenForum’(IGF)underSection8oftheCompaniesAct,2013.DuringtheyearendedMarch31,2022theCompanyhad |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 354, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "8aee8ebcb1416e43", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 355\n\n| 2.3 GOODWILL AND OTHER INTANGIBLE ASSETS 2.3.1 Goodwill Accounting policy |\n|---|\n| GoodwillrepresentsthepurchaseconsiderationinexcessoftheGroup'sinterestinthenetfairvalueofidentifiableassets,liabilitiesandcontingentliabilitiesoftheacquiredentity.Whenthenet fairvalueoftheidentifiableassets,liabilitiesandcontingentliabilitiesacquiredexceedspurchaseconsideration,thefairvalueofnetassetsacquiredisreassessedandthebargainpurchasegainis recognized in capital reserve. Goodwill is measured at cost less accumulated impairment losses. Impairment Goodwillistestedforimpairmentonanannualbasisandwheneverthereisanindicationthattherecoverableamountofacashgeneratingunit(CGU)islessthanitscarryingamount.Forthe impairmenttest,goodwillisallocatedtotheCGUorgroupsofCGUswhichbenefitfromthesynergiesoftheacquisitionandwhichrepresentsthelowestlevelatwhichgoodwillismonitoredfor |\n| internalmanagementpurposes.ACGUisthesmallestidentifiablegroupofassetsthatgeneratescashinflowsthatarelargelyindependentofthecashinflowsfromotherassetsorgroupofassets. ImpairmentoccurswhenthecarryingamountofaCGUincludingthegoodwill,exceedstheestimatedrecoverableamountoftheCGU.TherecoverableamountofaCGUisthehigherofitsfair valuelesscosttosellanditsvalue-in-use.Value-in-useisthepresentvalueoffuturecashflowsexpectedtobederivedfromtheCGU.Keyassumptionsinthecashflowprojectionsareprepared based on current economic conditions and includes estimated long term growth rates, weighted average cost of capital and estimated operating margins. Following is a summary of changes in the carrying amount of goodwill: (In ₹ crore) Particulars As at March 31, 2025 March 31, 2024 |\n| Carrying value at the beginning 7,303 7,248 Goodwill on acquisitions (Refer to note 2.1) 2,593 — Translation differences 210 55 Carrying value at the end 10,106 7,303 |\n| For the purpose of impairment testing, goodwill acquired in a business combination is allocated to the CGU or groups of CGUs, which benefit from the synergies of the acquisition. 2.3.2 Intangible Assets |\n| Accounting policy Intangibleassetsarestatedatcostlessaccumulatedamortizationandimpairment.Intangibleassetsareamortizedovertheirrespectiveindividualestimatedusefullivesonastraight-linebasis,from thedatethattheyareavailableforuse.Theestimatedusefullifeofanidentifiableintangibleassetisbasedonanumberoffactorsincludingtheeffectsofobsolescence,demand,competition,and |\n| othereconomicfactors(suchasthestabilityoftheindustry,andknowntechnologicaladvances)andthelevelofmaintenanceexpendituresrequiredtoobtaintheexpectedfuturecashflowsfromthe asset. Amortization methods and useful lives are reviewed periodically including at each financial year end. Researchcostsareexpensedasincurred.Softwareproductdevelopmentcostsareexpensedasincurredunlesstechnicalandcommercialfeasibilityoftheprojectisdemonstrated,futureeconomic |\n| benefitsareprobable,theGrouphasanintentionandabilitytocompleteanduseorsellthesoftwareandthecostscanbemeasuredreliably.Thecostswhichcanbecapitalizedincludethecostof material, direct labor, overhead costs that are directly attributable to prepare the asset for its intended use. |\n| Impairment Intangibleassetsareevaluatedforrecoverabilitywhenevereventsorchangesincircumstancesindicatethattheircarryingamountsmaynotberecoverable.Forthepurposeofimpairmenttesting, |\n| therecoverableamount(i.e.thehigherofthefairvaluelesscosttosellandthevalue-in-use)isdeterminedonanindividualassetbasisunlesstheassetdoesnotgeneratecashflowsthatarelargely independent of those from other assets. In such cases, the recoverable amount is determined for the CGU to which the asset belongs. Ifsuchassetsareconsideredtobeimpaired,theimpairmenttoberecognizedintheConsolidatedStatementofProfitandLossismeasuredbytheamountbywhichthecarryingvalueoftheassets exceedstheestimatedrecoverableamountoftheasset.AnimpairmentlossisreversedintheConsolidatedStatementofProfitandLossiftherehasbeenachangeintheestimatesusedtodetermine |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 355, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "8271ff4627cb2a22", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 356\n\n| Equit Other Quoted Investm Gove Tax f Investm Non c Equit Gove | y and Preference s (1) ents carried at rnment bonds ree bonds ents carried at onvertible debe y securities rnment securitie | securiti amortiz fair valu ntures s | es ed cost e through | other | comprehensive | income |  |  |  |  |  | 25 196 686 16 1,465 1,481 3,320 57 5,346 8,723 |  | — 198 629 28 1,731 1,759 2,217 113 6,897 9,227 |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| Total non-cu Current Inve Unquoted Investm | rrent investmen stments ents carried at | ts fair valu | e through | profit | or loss |  |  |  |  |  |  | 11,059 |  | 11,708 |\n| Liqui Investm Com Certif Quoted Investm | d mutual fund un ents carried at mercial Paper icates of deposit ents carried at | its fair valu amortiz | e through ed cost | other | comprehensive | income |  |  |  |  |  | 1,957 1,957 3,641 3,504 7,145 |  | 2,615 2,615 4,830 3,043 7,873 |\n| Gove Tax f Investm Non c Gove | rnment bonds ree bonds ents carried at onvertible debe rnment securitie | fair valu ntures s | e through | other | comprehensive | income |  |  |  |  |  | 15 154 169 1,549 1,662 3,211 |  | — — — 1,962 465 2,427 |\n| Total curren | t investments |  |  |  |  |  |  |  |  |  |  | 12,482 |  | 12,915 |\n| Total investm Aggregate am Market value Market value Aggregate am Investments c | ents ount of quoted i of quoted invest of quoted invest ount of unquote arried at amortiz | nvestme ments (i ments (i d invest ed cost | nts ncluding int ncluding int ments | erest erest | accrued), curren accrued), non cu | t rrent |  |  |  |  |  | 23,541 13,584 3,369 10,392 9,957 1,650 |  | 24,623 13,413 2,428 11,201 11,210 1,759 |\n| Investments c Investments c (1) Uncalled c Refer to Note Method of fa Class of inve Liquid mutua Target maturi Tax free bond Non-converti comprehensiv Government s comprehensiv Commercial P income | arried at fair val arried at fair val apital commitm 2.10 for Accoun ir valuation: stment l fund units - car ty fund units - ca s and governme ble debentures - e income ecurities - carrie e income apers - carried a | ue throu ue throu ents outs ting poli ried at f rried at nt bonds carried a d at fair t fair va | gh other co gh profit or tanding as cies on Fin air value thr fair value th - carried at t fair value value throu lue through | mpreh loss at Ma ancia ough roug amor throu gh ot other | ensive income rch 31, 2025 and l Instruments. profit or loss h profit or loss tized cost gh other her comprehensive | March Method Quoted Quoted Quoted Quoted Quoted Market | 31, 2024 was ₹ price price price and mark price and mark price and mark observable inpu | 122 cror et observ et observ et observ ts | e and ₹ able inp able inp able inp | 79 crore, uts uts uts | respectively. Fa March 31 | 19,248 2,643 ir value as , 2025 1,957 465 1,812 4,869 7,008 3,641 | (In ₹ at March 31 | 19,620 3,244 crore) , 2024 2,615 431 1,973 4,179 7,362 4,830 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 356, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "41e4fc10ba96744e", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 357\n\n| Other loans Loans t Less: Al Total non-curr Current Loans considere Other loans Loans t Total current l Total loans | o employees lowance for credit i ent loans d good - Unsecured o employees oans | mpair | ment |  |  | 3 (3) — 16 249 249 |  | 2 (2) — 34 248 248 |\n|---|---|---|---|---|---|---|---|---|\n| 2.6 OTH Particulars Non Current Security depo Unbilled reve Restricted de Net investme Others (1) | ER FINANCIA sits (1) nues (1)# posits (1)* nt in sublease(1) | L ASS | ETS |  | March 3 | 265 As at 1, 2025 273 2,031 82 1,106 19 | (In ₹ March 3 | 282 crore) 1, 2024 259 1,677 47 1,114 8 |\n| Total non-curr Current Security depo Restricted de Unbilled reve Interest accru Foreign curre Net investme Others (1) Total current o Total other fina | ent other financial sits (1) posits (1)* nues (1)# ed but not due (1) ncy forward and op nt in sublease(1) ther financial asse ncial assets | assets tions c ts | ontracts (2) | (3) |  | 3,511 65 2,949 8,183 842 192 1,139 470 13,840 |  | 3,105 75 2,535 7,923 537 84 710 221 12,085 |\n| (1) Financial ass (2) Financial ass | ets carried at amorti ets carried at fair va | zed co lue thr | st ough other | comprehensive income |  | 17,351 17,159 28 |  | 15,190 15,106 23 |\n| (3) Financial ass * Restricted dep | ets carried at fair va osits represent dep | lue thr osits w | ough profit ith financia | or loss l institutions to settle employee related obligations as and when they arise during the n | ormal cou | 164 rse of busin | ess. | 61 |\n| # Classified as f 2.7 TRA Particulars | inancial asset as rig DE RECEIVAB | ht to c LES | onsideratio | n is unconditional and is due only after a passage of time. |  | As at | (In ₹ | crore) |\n| Current Trade Rec Less: Allo | eivable considered wance for expected | good - credit | Unsecured loss |  | March 31 | , 2025 31,670 | March 3 | 1, 2024 30,713 |\n| Trade Rec Trade Rec Less: Allo | eivable considered eivable - credit imp wance for credit im | good - aired - pairme | Unsecured Unsecured nt |  |  | 512 31,158 206 206 |  | 520 30,193 196 196 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 357, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "3bbfab10cf36e4eb", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 358\n\n| In Cash o Total Balan Depos Casha | current and deposi n hand cash and cash equ ces with banks in u it with more than 1 ndcashequivalent | t accounts ivalents npaid dividend accounts 2 months maturity sasatMarch31,2025andMarch31,2024 inc | luderestrictedcashandbankbalancesof₹424crorea | 24,455 - 24,455 45 75 nd₹348crore | respecti | 14, 14, vely. | 786 — 786 37 57 The |\n|---|---|---|---|---|---|---|---|\n| restric Thed | tions are primarily epositsmaintained | on account of bank balances held by irrevocable bytheGroupwithbanksandfinancialinstitut | trusts controlled by the company. ionscompriseoftimedeposits,whichcanbewithdr | awnbytheGr | oupat | anyp | oint |\n| witho | ut prior notice or pe | nalty on the principal. |  |  |  |  |  |\n| 2.9 Partic Non-c | OTHER ASS ulars urrent | ETS | March 31 | As at , 2025 | (In March | ₹ cro 31, 2 | re) 024 |\n| Cap Adv O | ital advances ances other than ca thers Withholding taxes Unbilled revenues Defined benefit pl Prepaid expenses Deferred Contract | pital advances and others # an assets Cost |  | 208 534 201 297 282 |  |  | 155 673 103 31 343 |\n| Total Curre Adv | Cost of obtain Cost of fulfill non-current other nt ances other than ca | ing a contract ment assets pital advances |  | 312 879 2,713 |  | 2, | 129 687 121 |\n| Oth | Payment to vendor ers Unbilled revenues Withholding taxes Prepaid expenses Deferred Contract | s for supply of goods # and others Cost |  | 413 4,668 2,841 3,080 |  | 4, 3, 3, | 356 845 540 329 |\n| Total Total | Cost of obtain Cost of fulfill Other receivables current other asse other assets | ing a contract ment ts |  | 343 504 91 11,940 |  | 12, | 200 358 180 808 |\n| # |  |  |  | 14,653 |  | 14, | 929 |\n| Clas | sified as non financ | ial asset as the contractual right to consideration | is dependent on completion of contractual milestones. |  |  |  |  |\n| Withh | olding taxes and ot | hers primarily consist of input tax credits and VA | T recoverable from tax authorities. |  |  |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 358, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "101963138099895b", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 359\n\n| 2.10 FINANCIAL INSTRUMENTS |\n|---|\n| Accounting policy |\n| 2.10.1 Initial recognition TheGrouprecognizesfinancialassetsandfinancialliabilitieswhenitbecomesapartytothecontractualprovisionsoftheinstrument.Allfinancialassetsandliabilitiesare recognizedatfairvalueoninitialrecognition,exceptfortradereceivableswhichareinitiallymeasuredattransactionprice.Transactioncoststhataredirectlyattributabletothe |\n| acquisitionorissueoffinancialassetsandfinancialliabilities,whicharenotatfairvaluethroughprofitorloss,areaddedtothefairvalueoninitialrecognition.Regularway purchase and sale of financial assets are accounted for at trade date. |\n| 2.10.2 Subsequent measurement |\n| a. Non-derivative financial instruments |\n| (i) Financial assets carried at amortized cost Afinancialassetissubsequentlymeasuredatamortizedcostifitisheldwithinabusinessmodelwhoseobjectiveistoholdtheassetinordertocollectcontractualcashflows |\n| and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. |\n| (ii) Financial assets carried at fair value through other comprehensive income (FVOCI) Afinancialassetissubsequentlymeasuredatfairvaluethroughothercomprehensiveincomeifitisheldwithinabusinessmodelwhoseobjectiveisachievedbybothcollecting contractualcashflowsandsellingfinancialassetsandthecontractualtermsofthefinancialassetgiveriseonspecifieddatestocashflowsthataresolelypaymentsofprincipal |\n| andinterestontheprincipalamountoutstanding. TheGrouphasmadeanirrevocableelectionforcertaininvestmentswhichareclassifiedasequityinstrumentstopresentthe subsequent changes in fair value in other comprehensive income based on its business model. |\n| (iii) Financial assets carried at fair value through profit or loss (FVTPL) |\n| A financial asset which is not classified in any of the above categories is subsequently fair valued through profit or loss. (iv) Financial liabilities |\n| Financial liabilities are subsequently carried at amortized cost usingthe effective interest method, except forcontingent considerationand financialliabilityunderoption arrangements recognized in a business combination which is subsequently measured at fair value through profit or loss. |\n| b. Derivative financial instruments TheGroupholdsderivativefinancialinstrumentssuchasforeignexchangeforwardandoptioncontractstomitigatetheriskofchangesinexchangeratesonforeigncurrency |\n| exposures. The counterparty for such contracts is generally a bank. |\n| (i) Financial assets or financial liabilities, carried at fair value through profit or loss. |\n| This category includes derivative financial assets or liabilities which are not designated as hedges. AlthoughtheGroupbelievesthatthesederivativesconstitutehedgesfromaneconomicperspective,theymaynotqualifyforhedgeaccountingunderIndAS109,Financial |\n| Instruments.Anyderivativethatiseithernotdesignatedashedge,orissodesignatedbutisineffectiveasperIndAS109,iscategorizedasafinancialassetorfinancialliability, at fair value through profit or loss. DerivativesnotdesignatedashedgesarerecognizedinitiallyatfairvalueandattributabletransactioncostsarerecognizedinnetprofitintheConsolidatedStatementofProfit andLosswhenincurred.Subsequenttoinitialrecognition,thesederivativesaremeasuredatfairvaluethroughprofitorlossandtheresultingexchangegainsorlossesare |\n| includedinotherincome.Assets/liabilitiesinthiscategoryarepresentedascurrentassets/currentliabilitiesiftheyareeitherheldfortradingorareexpectedtoberealized within 12 months after the Balance Sheet date. |\n| (ii) Cash flow hedge Primarily,theGroupdesignatescertainforeignexchangeforwardandoptionscontractsascashflowhedgestomitigatetheriskofforeignexchangeexposureonhighlyprobable |\n| forecast cash transactions. Whenaderivativeisdesignatedasacashflowhedginginstrument,theeffectiveportionofchangesinthefairvalueofthederivativeisrecognizedinothercomprehensive incomeandaccumulatedinthecashflowhedgingreserve.Anyineffectiveportionofchangesinthefairvalueofthederivativeisrecognizedimmediatelyinthenetprofitinthe interimcondensedConsolidatedStatementofProfitandLoss.Ifthehedginginstrumentnolongermeetsthecriteriaforhedgeaccounting,thenhedgeaccountingisdiscontinued prospectively.Ifthehedginginstrumentexpiresorissold,terminatedorexercised,thecumulativegainorlossonthehedginginstrumentrecognizedincashflowhedgingreserve |\n| tilltheperiodthehedgewaseffectiveremainsincashflowhedgingreserveuntiltheforecastedtransactionoccurs.Thecumulativegainorlosspreviouslyrecognizedinthecash flowhedgingreserveistransferredtothenetprofitintheConsolidatedStatementofProfitandLossupontheoccurrenceoftherelatedforecastedtransaction.Iftheforecasted transactionisnolongerexpectedtooccur,thentheamountaccumulatedincashflowhedgingreserveisreclassifiedtonetprofitintheinterimcondensedConsolidatedStatement of Profit and Loss. |\n| 2.10.3 Derecognition of financial instruments TheGroupderecognizesafinancialassetwhenthecontractualrightstothecashflowsfromthefinancialassetexpireorittransfersthefinancialassetandthetransferqualifies |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 359, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "fa565d6b8c137ba5", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 360\n\n| 2.10.4 Fair value of financial instruments Indeterminingthefairvalueofitsfinancialinstruments,theGroupusesavarietyofmethodsandassumptionsthatarebasedonmarketconditionsandrisksexistingateach |\n|---|\n| reportingdate.Themethodsusedtodeterminefairvalueincludediscountedcashflowanalysis,optionpricingmodel,marketmultiples,availablequotedmarketpricesand dealer quotes. All methods of assessing fair value result in general approximation of value, and such value may never actually be realized. Refertotable'Financialinstrumentsbycategory'belowforthedisclosureoncarryingvalueandfairvalueoffinancialassetsandliabilities.Forfinancialassetsandliabilities |\n| maturingwithinoneyearfromtheBalanceSheetdateandwhicharenotcarriedatfairvalue,thecarryingamountsapproximatesfairvalueduetotheshortmaturityofthese instruments. 2.10.5 Impairment TheGrouprecognizeslossallowancesusingtheexpectedcreditloss(ECL)modelforthefinancialassetsandunbilledrevenuewhicharenotfairvaluedthroughprofitorloss. |\n| LossallowancefortradereceivablesandunbilledrevenueswithnosignificantfinancingcomponentismeasuredatanamountequaltolifetimeECL.Forallotherfinancial assets,ECLsaremeasuredatanamountequaltothe12-monthECL,unlesstherehasbeenasignificantincreaseincreditriskfrominitialrecognitioninwhichcasethoseare measured at lifetime ECL. TheGroupdeterminestheallowanceforcreditlossesbasedonhistoricallossexperienceadjustedtoreflectcurrentandestimatedfutureeconomicconditions.TheGroup |\n| considers current and anticipated future economic conditions relating to industries the Group deals with and the countries where it operates. TheamountofECL(orreversal)thatisrequiredtoadjustthelossallowanceatthereportingdatetotheamountthatisrequiredtoberecordedisrecognizedasanimpairment |\n| loss or gain in Consolidated Statement of Profit and Loss. Financial instruments by category The carrying value and fair value of financial instruments by categories as at March 31, 2025 are as follows: (In ₹ crore) Particulars Amortized Financial assets/ liabilities at Financial assets/liabilities at fair Total carrying Total fair value cost fair value through profit or value through OCI value loss Designated Mandatory Equity instruments Mandatory upon initial designated upon recognition initial recognition Assets: Cash and cash equivalents (Refer to Note 2.8) 24,455 — — — — 24,455 24,455 Investments (Refer to Note 2.4) Equity and preference securities — 25 — 226 — 251 251 Tax free bonds and government bonds 1,650 — — — — 1,650 1,812 Liquid mutual fund units — — 1,957 — — 1,957 1,957 Target maturity fund units — — 465 — — 465 465 Non convertible debentures — — — — 4,869 4,869 4,869 Government securities — — — — 7,008 7,008 7,008 Certificates of deposit — — — — 3,504 3,504 3,504 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 360, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "19417f35fd354595", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 361\n\n| Certificates of deposit — — — — 3,043 3,043 3,043 Other investments — — 198 — — 198 198 Trade receivables (Refer to Note 2.7) 30,193 — — — — 30,193 30,193 Loans (Refer to Note 2.5) 282 — — — — 282 282 Other financials assets (Refer to Note 2.6)(3) 15,106 — 61 — 23 15,190 15,106 Total 62,126 — 3,305 206 19,437 85,074 85,204 Liabilities: Trade payables 3,956 — — — — 3,956 3,956 Lease liabilities (Refer to Note 2.19) 8,359 — — — — 8,359 8,359 Financial Liability under option arrangements — — 597 — — 597 597 (Refer to Note 2.12) Other financial liabilities (Refer to Note 2.12) 15,750 — 30 — 1 15,781 15,781 Total 28,065 — 627 — 1 28,693 28,693 (1) On account of fair value changes including interest accrued (2) Excludes interest accrued on tax free bonds and government bonds carried at amortized cost of ₹84 crore (3) Excludes unbilled revenue on contracts where the right to consideration is dependent on completion of contractual milestones Fortradereceivables,tradepayables,otherassetsandpayablesmaturingwithinoneyearfromtheBalanceSheetdate,thecarryingamountsapproximatethefairvalueduetothe |\n|---|\n| short maturity of these instruments. |\n| Fair value hierarchy Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices). |\n| Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs). The fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as at March 31, 2025 is as follows: (In ₹ crore) Particulars As at Fair value measurement at end of the reporting March 31, 2025 period using Level 1 Level 2 Level 3 Assets Investments (Refer to note 2.4) Investments in liquid mutual fund units 1,957 1,957 — — Investments in target maturity fund units 465 465 — — Investments in tax free bonds 1,781 1,227 554 — Investments in government bonds 31 31 — — Investments in non convertible debentures 4,869 4,869 — — Investment in government securities 7,008 6,972 36 — Investments in equity instruments 59 57 — 2 Investments in preference securities 192 — — 192 |\n| Investments in commercial paper 3,641 — 3,641 — Investments in certificates of deposit 3,504 — 3,504 — Other investments 196 — — 196 Others Derivative financial instruments - gain (Refer to Note 2.6) 192 — 192 — Liabilities Derivative financial instruments - loss (Refer to Note 2.12) 63 — 63 — Financial liability under option arrangements (Refer to Note 2.12) (1) 667 — — 667 Liability towards contingent consideration (Refer to Note 2.12)(2) 31 — — 31 (1) Discount rate ranges from 9% to 15% (2)Discount rate - 6% DuringtheyearendedMarch31,2025,governmentsecuritiesandnonconvertibledebenturesof₹297crorewastransferredfromLevel2toLevel1offairvaluehierarchy,since |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 361, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "9e59ba1454fabf59", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 362\n\n| Investments in equity instruments 115 113 — 2 Investments in preference securities 91 — — 91 Investments in commercial paper 4,830 — 4,830 — Investments in certificates of deposit 3,043 — 3,043 — Other investments 198 — — 198 Others Derivative financial instruments - gain (Refer to Note 2.6) 84 — 84 — Liabilities Derivative financial instruments - loss (Refer to Note 2.12) 31 — 31 — Financial liability under option arrangements (Refer to Note 2.12) (1) 597 — — 597 (1) Discount rate ranges from 9% to 15% DuringtheyearendedMarch31,2024,governmentsecurities,nonconvertibledebenturesandtaxfreebondsof₹2,143crorewastransferredfromLevel2toLevel1offair |\n|---|\n| valuehierarchy,sincethesewerevaluedbasedonquotedprice.Further,governmentsecuritiesof₹73croreweretransferredfromLevel1toLevel2offairvaluehierarchy, since these were valued based on market observable inputs. |\n| A one percentage point change in the unobservable inputs used in fair valuation of Level 3 assets and liabilities does not have a significant impact in its value. MajorityofinvestmentsoftheGrouparefairvaluedbasedonLevel1orLevel2inputs.Theseinvestmentsprimarilyincludeinvestmentinliquidmutualfundunits,target maturity fund units, tax-free bonds, certificates of deposit, commercial papers, treasury bills, government securities, non-convertible debentures, quoted bonds issued by |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 362, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "8bf2e02bc3d658c2", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 363\n\n| 2.11 EQUITY |\n|---|\n| Accounting policy Ordinary Shares |\n| Ordinarysharesareclassifiedasequitysharecapital.Incrementalcostsdirectlyattributabletotheissuanceofnewordinaryshares,shareoptionsandbuybackarerecognizedasadeductionfromequity, net of any tax effects. Treasury Shares WhenanyentitywithintheGrouppurchasesthecompany'sordinaryshares,theconsiderationpaidincludinganydirectlyattributableincrementalcostispresentedasadeductionfromtotalequity,until |\n| theyarecancelled,soldorreissued.Whentreasurysharesaresoldorreissuedsubsequently,theamountreceivedisrecognizedasanincreaseinequity,andtheresultingsurplusordeficitonthetransaction is transferred to / from securities premium. |\n| Description of reserves Capital Redemption Reserve |\n| Inaccordancewithsection69oftheIndianCompaniesAct,2013,theCompanycreatescapitalredemptionreserveequaltothenominalvalueofthesharesboughtbackasanappropriationfromgeneral reserve / retained earnings. Retained earnings |\n| Retained earnings represent the amount of accumulated earnings of the Group. Securities premium |\n| The amount received in excess of the par value of equity shares has been classified as securities premium. Amounts have been utilized for bonus issue and share buyback from share premium account. Share options outstanding account |\n| Theshareoptionsoutstandingaccountisusedtorecordthefairvalueofequity-settledsharebasedpaymenttransactionswithemployees.Theamountsrecordedinshareoptionsoutstandingaccountare transferred to securities premium upon exercise of stock options and transferred to general reserve on account of stock options not exercised by employees. |\n| Special Economic Zone Re-investment reserve TheSpecialEconomicZoneRe-investmentreservehasbeencreatedoutoftheprofitoftheeligibleSEZunitintermsoftheprovisionsofSec10AA(1)(ii)ofIncomeTaxAct,1961.Thereserveshouldbe |\n| utilized by the Company for acquiring new plant and machinery for the purpose of its business in terms of the provisions of the Sec 10AA (2) of the Income Tax Act, 1961. Other components of equity |\n| Othercomponentsofequityincludecurrencytranslation,remeasurementofnetdefinedbenefitliability/asset,equityinstrumentsfairvaluedthroughothercomprehensiveincome,changesonfair valuation of investments and changes in fair value of derivatives designated as cash flow hedges, net of taxes. Currency translation reserve |\n| TheexchangedifferencesarisingfromthetranslationoffinancialstatementsofforeignsubsidiarieswithfunctionalcurrencyotherthanIndianrupeesisrecognizedinothercomprehensiveincomeandis presented within equity. Cash flow hedge reserve Whenaderivativeisdesignatedasacashflowhedginginstrument,theeffectiveportionofchangesinthefairvalueofthederivativeisrecognizedinothercomprehensiveincomeandaccumulatedinthe |\n| cashflowhedgingreserve.ThecumulativegainorlosspreviouslyrecognizedinthecashflowhedgingreserveistransferredtotheinterimcondensedConsolidatedStatementofProfitandLossuponthe occurrence of the related forecasted transaction. EQUITY SHARE CAPITAL (In ₹ crore, except as otherwise stated) Particulars As at |\n| March 31, 2025 March 31, 2024 Authorized Equity shares, ₹5 par value 480,00,00,000 (480,00,00,000) equity shares 2,400 2,400 Issued, Subscribed and Paid-Up |\n| Equity shares, ₹5 par value(1) 2,073 2,071 414,36,07,528 (413,99,50,635) equity shares fully paid-up(2) 2,073 2,071 |\n| Note: Forfeited shares amounted to ₹1,500 (₹1,500) (1) Refer to Note 2.20 for details of basic and diluted shares (2) Net of treasury shares 96,55,927 (1,09,16,829) TheCompanyhasonlyoneclassofsharesreferredtoasequityshareshavingaparvalueof₹5/-.Eachholderofequitysharesisentitledtoonevotepershare.TheequitysharesrepresentedbyAmerican |\n| Depositary Shares (ADS) carry similar rights to voting and dividends as the other equity shares. Each ADS represents one underlying equity share. IntheeventofliquidationoftheCompany,theholdersofequityshareswillbeentitledtoreceiveanyoftheremainingassetsoftheCompanyinproportiontothenumberofequitysharesheldbythe |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 363, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d2c792347fe24203", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 364\n\n| There are no voting, dividend or liquidation rights to the holders of options issued under the company's share option plans |\n|---|\n| For details of shares reserved for issue under the employee stock option plan of the Company refer to the note below. The reconciliation of the number of shares outstanding and the amount of share capital as at March 31, 2025 and March 31, 2024 are as follows: (In ₹ crore, except as stated otherwise) Particulars As at March 31, 2025 As at March 31, 2024 Number of shares Amount Number of shares Amount |\n| As at the beginning of the period 413,99,50,635 2,071 413,63,87,925 2,069 Add: Shares issued on exercise of employee stock options 36,56,893 2 35,62,710 2 As at the end of the period 414,36,07,528 2,073 413,99,50,635 2,071 |\n| Capital allocation policy Effectivefiscal2025,theCompanyexpectstocontinueitspolicyofreturningapproximately85%ofthefreecashflowcumulativelyovera5-yearperiodthroughacombinationofsemi-annualdividends |\n| and/orsharebuyback/specialdividendssubjecttoapplicablelawsandrequisiteapprovals,ifany.Underthispolicy,theCompanyexpectstoprogressivelyincreaseitsannualdividendpershare(excluding special dividend if any). FreecashflowisdefinedasnetcashprovidedbyoperatingactivitieslesscapitalexpenditureaspertheconsolidatedstatementofcashflowspreparedunderIFRS.Dividendandbuybackincludeapplicable |\n| taxes. TheCompany’sobjectivewhenmanagingcapitalistosafeguarditsabilitytocontinueasagoingconcernandtomaintainanoptimalcapitalstructuresoastomaximizeshareholdervalue.Inorderto |\n| maintainorachieveanoptimalcapitalstructure,theCompanymayadjusttheamountofdividendpayment,returncapitaltoshareholders,issuenewsharesorbuybackissuedshares.AsofMarch31, 2025, the Company has only one class of equity shares and has no debt. Consequent to the above capital structure there are no externally imposed capital requirements. Dividend ThefinaldividendonsharesisrecordedasaliabilityonthedateofapprovalbytheshareholdersandinterimdividendsarerecordedasaliabilityonthedateofdeclarationbytheCompany'sBoardof |\n| Directors.Incometaxconsequencesofdividendsonfinancialinstrumentsclassifiedasequitywillberecognizedaccordingtowheretheentityoriginallyrecognizedthosepasttransactionsoreventsthat generated distributable profits. TheCompanydeclaresandpaysdividendsinIndianrupees.Companiesarerequiredtopay/distributedividendafterdeductingapplicabletaxes.TheremittanceofdividendsoutsideIndiaisgovernedby |\n| Indian law on foreign exchange and is also subject to withholding tax at applicable rates. The amount of per share dividend recognized as distribution to equity shareholders in accordance with Companies Act 2013 is as follows: (in ₹) Particulars Three months ended March 31, Year ended March 31, 2025 2024 2025 2024 Interim dividend for fiscal 2025 |\n| — — 21.00 — Special dividend for fiscal 2024 — — 8.00 — Final dividend for fiscal 2024 — — 20.00 — Interim dividend for fiscal 2024 — — — 18.00 Final dividend for fiscal 2023 — — — 17.50 During the year ended March 31, 2025, on account of the final and special dividend for fiscal 2024 and interim dividend for fiscal 2025, the Company has incurred a net cash outflow of ₹20,295 crore (excluding dividend paid on treasury shares) |\n| TheBoardofDirectorsintheirmeetingheldonApril17,2025recommendedafinaldividendof₹22/-perequityshareforthefinancialyearendedMarch31,2025.Thepaymentissubjecttotheapproval of shareholders in the AGM of the Company to be held on June 25, 2025 and if approved, would result in a net cash outflow of approximately ₹9,116 crore (excluding dividend paid on treasury shares). |\n| Employee Stock Option Plan (ESOP): |\n| Accounting policy TheGrouprecognizescompensationexpenserelatingtoshare-basedpaymentsinnetprofitbasedonestimatedfairvaluesoftheawardsonthegrantdate.Theestimatedfairvalueofawardsisrecognized |\n| asanexpenseinthestatementofprofitandlossonastraight-linebasisovertherequisiteserviceperiodforeachseparatelyvestingportionoftheawardasiftheawardwasin-substance,multipleawards with a corresponding increase to share options outstanding account. |\n| Infosys Expanded Stock Ownership Program 2019 (the 2019 Plan) : OnJune22,2019pursuanttoapprovalbytheshareholdersintheAnnualGeneralMeeting,theBoardhasbeenauthorizedtointroduce,offer,issueandprovideshare-basedincentivestoeligibleemployees oftheCompanyanditssubsidiariesunderthe2019Plan.Themaximumnumberofsharesunderthe2019Planshallnotexceed5,00,00,000equityshares.Toimplementthe2019Plan,upto4,50,00,000 equitysharesmaybeissuedbywayofsecondaryacquisitionofsharesbyInfosysExpandedStockOwnershipTrust.TheRestrictedStockUnits(RSUs)grantedunderthe2019Planshallvestbasedonthe |\n| achievementofdefinedannualperformanceparametersasdeterminedbytheadministrator(NominationandRemunerationCommittee).Theperformanceparameterswillbebasedonacombinationof relativeTotalShareholderReturn(TSR)againstselectedindustrypeersandcertainbroadermarketdomesticandglobalindicesandoperatingperformancemetricsoftheCompanyasdecidedby administrator.Eachoftheaboveperformanceparameterswillbedistinctforthepurposesofcalculationofquantityofsharestovestbasedonperformance.Theseinstrumentswillgenerallyvestbetweena minimum of 1 to maximum of 3 years from the grant date. |\n| 2015 Stock Incentive Compensation Plan (the 2015 Plan) : OnMarch31,2016,pursuanttotheapprovalbytheshareholdersthroughpostalballot,theBoardwasauthorizedtointroduce,offer,issueandallotshare-basedincentivestoeligibleemployeesofthe Companyanditssubsidiariesunderthe2015StockIncentiveCompensationPlan.Themaximumnumberofsharesunderthe2015Planshallnotexceed2,40,38,883equityshares(thisincludes |\n| 1,12,23,576equityshareswhichareheldbythetrusttowardsthe2011PlanasatMarch31,2016).Theseinstrumentswillgenerallyvestoveraperiodof4years.Theplannumbersmentionedaboveare further adjusted with the September 2018 bonus issue. TheequitysettledandcashsettledRSUsandstockoptionswouldvestgenerallyoveraperiodof4yearsandshallbeexercisablewithintheperiodasapprovedbytheNominationandRemuneration |\n| Committee (NARC). The exercise price of the RSUs will be equal to the par value of the shares and the exercise price of the stock options would be the market price as on the date of grant. Controlledtrustholds96,55,927and1,09,16,829sharesasatMarch31,2025andMarch31,2024,respectively,underthe2015Plan.Outoftheseshares,200,000equityshareseachhavebeenearmarked |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 364, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "12068c4feceac453", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 365\n\n| The following is the summary of grants made during the three months and year ended March 31, 2025 and March 31, 2024: Particulars 2019 Plan 2015 Plan Three months ended Three months ended Year ended March 31, Year ended March 31, March 31, March 31, 2025 2024 2025 2024 2025 2024 2025 2024 Equity Settled RSUs Key Management Personnel (KMP) 49,000 26,900 119,699 141,171 85,674 77,094 380,842 498,730 |\n|---|\n| Employees other than KMP 3,617,798 3,582,471 3,624,646 4,046,731 1,722,470 3,442,700 1,874,690 4,640,640 Total Grants 3,666,798 3,609,371 3,744,345 4,187,902 1,808,144 3,519,794 2,255,532 5,139,370 Cash settled RSU Key Management Personnel (KMP) - - - - - - - - Employees other than KMP - - - - 94,050 169,040 94,050 176,990 - - - - 94,050 169,040 94,050 176,990 Total Grants 3,666,798 3,609,371 3,744,345 4,187,902 1,902,194 3,688,834 2,349,582 5,316,360 Notes on grants to KMP: |\n| CEO & MD |\n| Under the 2015 Plan: TheBoard,onApril18,2024,basedontherecommendationsoftheNominationandRemunerationCommitteeapprovedthefollowinggrantsforfiscal2025.Inaccordancewithsuchapprovalthe |\n| following grants were made effective May 2, 2024. -245,679performance-basedRSUs(Annualperformanceequitygrant)offairvalueof₹34.75crore.TheseRSUswillvestinlinewiththeemploymentagreementbasedonachievementofcertain performance targets. -14,140performance-basedgrantofRSUs(AnnualperformanceequityESGgrant)offairvalueof₹2crore.TheseRSUswillvestinlinewiththeemploymentagreementbasedonachievementofcertain |\n| environment, social and governance milestones as determined by the Board. -35,349performance-basedgrantofRSUs(AnnualperformanceEquityTSRgrant)offairvalueof₹5crore.TheseRSUswillvestinlinewiththeemploymentagreementbasedonCompany’s performance on cumulative relative TSR over the years and as determined by the Board. Further, in accordance with the employee agreement which has been approved by the shareholders, the CEO is eligible to receive an annual grant of RSUs of fair value ₹3 crore which will vest overtime in |\n| three equal annual installments upon the completion of each year of service from the respective grant date. Accordingly, annual time-based grant of 16,204 RSUs was made effective February 1, 2025 for fiscal 2025. ThoughtheannualtimebasedgrantsandannualperformanceequityTSRgrantfortheremainingemploymenttermendingonMarch31,2027havenotbeengrantedasofMarch31,2025,sincetheservice commencementdateprecedesthegrantdate,thecompanyhasrecordedemploymentstockcompensationexpenseinaccordancewithIndAS102,Sharebasedpayment.Thegrantdateforthispurposein |\n| accordance with Ind AS 102, Share based payment is July 01, 2022. Under the 2019 Plan: TheBoard,onApril18,2024,basedontherecommendationsoftheNominationandRemunerationCommittee,approvedperformance-basedgrantofRSUsamountingto₹10croreforfiscal2025under the 2019 Plan. These RSUs will vest based on achievement of certain performance targets. Accordingly, 70,699 performance based RSU’s were granted effective May 2, 2024. Other KMP |\n| Under the 2015 plan: During the year ended March 31, 2025, based on recommendations of Nomination and Remuneration Committee, the Board approved 69,470 time based RSUs to other KMP under the 2015 plan. Time based RSUs will vest over four years. |\n| Under the 2019 plan: During the year ended March 31, 2025, based on recommendations of Nomination and Remuneration Committee, the Board approved performance based grants of 49,000 RSUs to other KMPs under the |\n| 2019 plan. These RSUs will vest over three years based on achievement of certain performance targets. The break-up of employee stock compensation expense is as follows: (in ₹ crore) Particulars Three months ended March 31, Year ended March 31, 2025 2024 2025 2024 |\n| Granted to: KMP 18 17 70 68 Employees other than KMP 180 208 732 584 Total (1) 198 225 802 652 (1) |\n| Cash-settled stock compensation expense included in the above 3 4 17 13 |\n| The fair value of the awards are estimated using the Black-Scholes Model for time and non-market performance based options and Monte Carlo simulation model is used for TSR based options. Theinputstothemodelincludethesharepriceatdateofgrant,exerciseprice,expectedvolatility,expecteddividends,expectedtermandtheriskfreerateofinterest.Expectedvolatilityduringthe expectedtermoftheoptionsisbasedonhistoricalvolatilityoftheobservedmarketpricesoftheCompany'spubliclytradedequitysharesduringaperiodequivalenttotheexpectedtermoftheoptions. |\n| Expectedvolatilityofthecomparativecompanyhavebeenmodelledbasedonhistoricalmovementsinthemarketpricesoftheirpubliclytradedequitysharesduringaperiodequivalenttotheexpected term of the options. Correlation coefficient is calculated between each peer entity and the indices as a whole or between each entity in the peer group. |\n| The fair value of each equity settled award is estimated on the date of grant using the following assumptions: Particulars For options granted in Fiscal 2025- Fiscal 2025- Fiscal 2024- Fiscal 2024- Equity Shares- ADS-RSU Equity Shares-RSU ADS-RSU RSU Weighted average share price (₹) / ($ ADS) 1,808 21.44 1,588 19.19 Exercise price (₹) / ($ ADS) 5.00 0.07 5.00 0.07 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 365, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ecc5fc2f82b19ac1", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 366\n\n| Non-current Others Accrued compensation to employees (1) 12 7 |\n|---|\n| Accrued expenses (1) 1,890 1,779 Compensated absences |\n| 99 89 Financial liability under option arrangements (2) # 115 98 |\n| Payable for acquisition of business - Contingent consideration (2) 20 — |\n| Other Payables (1)(4) 5 157 |\n| Total non-current other financial liabilities 2,141 2,130 Current Unpaid dividends (1) 45 37 Others Accrued compensation to employees (1) 4,924 4,454 |\n| Accrued expenses (1) 8,467 8,224 Payable for acquisition of business - Contingent consideration (2) 11 — Payable by controlled trusts (1) 173 211 Compensated absences 2,908 2,622 Financial liability under option arrangements (2) # 552 499 Foreign currency forward and options contracts (2) (3) 63 31 |\n| Capital creditors (1) 520 310 Other payables (1)(4) 475 571 |\n| Total current other financial liabilities 18,138 16,959 |\n| Total other financial liabilities 20,279 19,089 |\n| (1) Financial liability carried at amortized cost 16,511 15,750 |\n| (2) Financial liability carried at fair value through profit or loss 728 627 |\n| (3) Financial liability carried at fair value through other comprehensive income 33 1 Financial liability under option arrangements on an undiscounted basis 761 690 |\n| Financial liability towards contingent consideration on an undiscounted basis 33 — (4)TheGroupenteredintofinancingarrangementswithathirdpartytowardstechnologyassetstakenoverbytheGroupfromacustomerasapartoftransformation projectwhichwasnotconsideredasdistinctgoodsorservicesasthecontrolrelatedtothoseassetswasnottransferredtotheGroupinaccordancewithIndAS115 |\n| -Revenuefromcontractwithcustomers.AsatMarch31,2025andMarch31,2024,thefinancialliabilitypertainingtosucharrangementsamountsto₹67crore and ₹372 crore, respectively. # Represents liability related to options issued by the Group over the non-controlling interests in its subsidiaries |\n| Accrued expenses primarilyrelate to cost of technical sub-contractors, telecommunication charges, legal and professional charges,brand buildingexpenses, overseas travel expenses, office maintenance and cost of third party software and hardware. |\n| 2.13 OTHER LIABILITIES (In ₹ crore) Particulars As at March 31, 2025 March 31, 2024 Non-current |\n| Others Accrued defined benefit liability 115 159 Others 100 76 Total non-current other liabilities 215 235 Current Unearned revenue 8,492 7,341 Others Withholding taxes and others 3,256 3,185 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 366, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "946ad96be1b65522", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 367\n\n| 2.14 PROVISIONS |\n|---|\n| Accounting policy Aprovisionisrecognizedif,asaresultofapastevent,theGrouphasapresentlegalorconstructiveobligationthatisreasonablyestimable,anditisprobablethat anoutflowofeconomicbenefitswillberequiredtosettletheobligation.Provisionsaredeterminedbydiscountingtheexpectedfuturecashflowsatapre-taxrate |\n| thatreflectscurrentmarketassessmentsofthetimevalueofmoneyandtherisksspecifictotheliability.TheGrouprecognizesareimbursementassetwhen,and only when, it is virtually certain that the reimbursement will be received if the Group settles the obligation. a. Post sales client support TheGroupprovidesitsclientswithafixed-periodpostsalessupportonitsfixed-price,fixed-timeframecontracts.Costsassociatedwithsuchsupportservicesare |\n| accruedatthetimerelatedrevenuesarerecordedandincludedinConsolidatedStatementofProfitandLoss.TheGroupestimatessuchcostsbasedonhistorical experience and estimates are reviewed on a periodic basis for any material changes in assumptions and likelihood of occurrence. b. Onerous contracts ProvisionsforonerouscontractsarerecognizedwhentheexpectedbenefitstobederivedbytheGroupfromacontractarelowerthantheunavoidablecostsof meetingthefutureobligationsunderthecontract.Provisionsforestimatedlosses,ifany,onincompletecontractsarerecordedintheperiodinwhichsuchlosses |\n| becomeprobablebasedontheestimatedeffortsorcoststocompletethecontract.Theprovisionismeasuredatthepresentvalueoftheloweroftheexpectedcost ofterminatingthecontractandtheexpectednetcostofcontinuingwiththecontract.BeforeaprovisionisestablishedtheGrouprecognizesanyimpairmentlosson the assets associated with that contract. Provision for post-sales client support and other provisions: (In ₹ crore) Particulars As at March 31, 2025 March 31, 2024 |\n| Current Others Post-sales client support and others 1,325 1,796 Other provisions pertaining to settlement (refer to note 2.21.2) 150 — Total provisions 1,475 1,796 Provisionforpost-salesclientsupportandotherprovisionsmajorlyrepresentscostsassociatedwithprovidingsalessupportserviceswhichareaccruedatthetime |\n| of recognition of revenues and are expected to be utilized over a period of 1 year. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 367, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "2f9bfe3c7b8c9976", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 368\n\n| 2.15 INCOME TAXES |\n|---|\n| Accounting policy Incometaxexpensecomprisescurrentanddeferredincometax.IncometaxexpenseisrecognizedinnetprofitintheConsolidatedStatementofProfitandLossexcepttothe extentthatitrelatestoitemsrecognizeddirectlyinequity,inwhichcaseitisrecognizedinequityorothercomprehensiveincome.Currentincometaxforcurrentandprior periodsisrecognizedattheamountexpectedtobepaidtoorrecoveredfromthetaxauthorities,usingthetaxratesandtaxlawsthathavebeenenactedorsubstantively |\n| enacted bythe Balance Sheet date. Deferred income tax assets and liabilities are recognized for all temporarydifferences arisingbetween the tax bases of assets and liabilitiesandtheircarryingamountsinthefinancialstatementsexceptwhenthedeferredincometaxarisesfromtheinitialrecognitionofgoodwilloranassetorliabilityin atransactionthatisnotabusinesscombinationandaffectsneitheraccountingnortaxableprofitorlossatthetimeofthetransaction.Deferredtaxassetsarereviewedat each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized. DeferredincometaxassetsandliabilitiesaremeasuredusingtaxratesandtaxlawsthathavebeenenactedorsubstantivelyenactedbytheBalanceSheetdateandare expectedtoapplytotaxableincomeintheyearsinwhichthosetemporarydifferencesareexpectedtoberecoveredorsettled.Theeffectofchangesintaxratesondeferred incometaxassetsandliabilitiesisrecognizedasincomeorexpenseintheperiodthatincludestheenactmentorthesubstantiveenactmentdate.Adeferredincometaxasset |\n| isrecognizedtotheextentthatitisprobablethatfuturetaxableprofitwillbeavailableagainstwhichthedeductibletemporarydifferencesandtaxlossescanbeutilized. Deferredincometaxesarenotprovidedontheundistributedearningsofsubsidiariesandbrancheswhereitisexpectedthattheearningsofthesubsidiaryorbranchwillnot be distributed in the foreseeable future. TheGroupoffsetscurrenttaxassetsandcurrenttaxliabilities;deferredtaxassetsanddeferredtaxliabilities,whereithasalegallyenforceablerighttosetofftherecognized amountsandwhereitintendseithertosettleonanetbasis,ortorealizetheassetandsettletheliabilitysimultaneously.Theincometaxprovisionfortheinterimperiodis |\n| made based on the best estimate ofthe annualaverage tax rate expected tobe applicable for the fullfinancialyear. Tax benefits ofdeductions earned on exercise of employee share options in excess of compensation charged to income are credited to equity. Income tax expense in the Consolidated Statement of Profit and Loss comprises: (In ₹ crore) Particulars Three months ended March 31, Year ended March 31, 2025 2024 2025 2024 |\n| Current taxes 2,784 1,173 12,130 8,390 Deferred taxes (159) 1,092 (1,272) 1,350 Income tax expense 2,625 2,265 10,858 9,740 IncometaxexpenseforthethreemonthsendedMarch31,2025andMarch31,2024includesreversals(netofprovisions)of₹117croreand ₹871crore,respectively. IncometaxexpensefortheyearendedMarch31,2025andMarch31,2024includesprovisions(netofreversals)of₹132croreandreversals(netofprovisions)of₹937 |\n| crore,respectively.Theseprovisionsandreversalspertainingtopriorperiodsareprimarilyonaccountofadjudicationofcertaindisputedmatters,uponfilingoftaxreturn and completion of assessments, across various jurisdictions. DuringthequarterendedMarch31,2025,theCompanyreceivedordersundersection250oftheIncomeTaxAct,1961,fromtheIncomeTaxAuthoritiesinIndiaforthe assessmentyears,2016-17and2019-20.TheseordersconfirmedtheCompany'spositionwithrespecttotaxtreatmentofcertaincontentiousmatters.Asaresultinterest |\n| income(pre-tax)of₹327crorewasrecognisedandprovisionforincometaxaggregating₹183crorewasreversedwithacorrespondingcredittotheStatementofProfitand Loss. Also, upon resolution of the disputes, an amount aggregating to ₹1,068 crore has been reduced from contingent liabilities. |\n| Deferred income tax for the three months and year ended March 31, 2025 and March 31, 2024 substantially relates to origination and reversal of temporary differences. The Company’s Advanced PricingArrangement (APA) with the InternalRevenue Service(IRS)forUSbranchincome taxexpired inMarch 2021.The Companyhas |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 368, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "650d2a484e27ecb8", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 369\n\n| 2.16 REVENUE FROM OPERATIONS |\n|---|\n| Accounting policy TheGroupderivesrevenuesprimarilyfromITservicescomprisingsoftwaredevelopmentandrelatedservices,cloudandinfrastructureservices,maintenance,consultingandpackage |\n| implementation, licensing ofsoftwareproductsand platforms acrosstheGroup’scoreand digitalofferings(together called as“softwarerelated services”) and businessprocess management services. Contracts with customers are either on a time-and-material, unit of work, fixed-price or on a fixed-timeframe basis. Revenuesfromcustomercontractsareconsideredforrecognitionandmeasurementwhenthecontracthasbeenapprovedinwritingbytheparties,tothecontract,thepartiesto contractarecommittedtoperformtheirrespectiveobligationsunderthecontract,andthecontractislegallyenforceable.Revenueisrecognizedupontransferofcontrolofpromised |\n| productsorservices(“performanceobligations”)tocustomersinanamountthatreflectstheconsiderationtheGrouphasreceivedorexpectstoreceiveinexchangefortheseproducts or services (“transaction price”). When there is uncertainty as to collectability, revenue recognition is postponed until such uncertainty is resolved. TheGroupassessestheservicespromised ina contractand identifiesdistinctperformanceobligationsinthecontract.TheGroupallocates thetransaction pricetoeachdistinct performanceobligationbasedontherelativestandalonesellingprice.Thepricethatisregularlychargedforanitemwhensoldseparatelyisthebestevidenceofitsstandaloneselling |\n| price.Intheabsenceofsuchevidence,theprimarymethodusedtoestimatestandalonesellingpriceistheexpectedcostplusamargin,underwhichtheGroupestimatesthecostof satisfying the performance obligation and then adds an appropriate margin based on similar services. TheGroup’scontractsmayincludevariableconsiderationincludingrebates,volumediscountsandpenalties.TheGroupincludesvariableconsiderationaspartoftransactionprice whenthereisabasistoreasonablyestimatetheamountofthevariableconsiderationandwhenitisprobablethatasignificantreversalofcumulativerevenuerecognizedwillnotoccur |\n| when the uncertainty associated with the variable consideration is resolved. Revenue on time-and-material and unit of work based contracts, are recognized as the related services are performed. Fixed price maintenance revenue is recognized ratably either on a straight-linebasiswhenservicesareperformedthroughanindefinitenumberofrepetitiveactsoveraspecifiedperiodorratablyusingapercentageofcompletionmethodwhenthe patternofbenefitsfromtheservicesrenderedtothecustomerandtheGroup’scoststofulfilthecontractisnoteventhroughtheperiodofcontractbecausetheservicesaregenerally discreteinnatureandnotrepetitive.Revenuefromotherfixed-price,fixed-timeframecontracts,wheretheperformanceobligationsaresatisfiedovertimeisrecognizedusingthe |\n| percentage-of-completion method. Effortsor costsexpended areusedtodetermineprogress towardscompletion asthereis a directrelationship between inputandproductivity. Progresstowardscompletionismeasuredastheratioofcostsoreffortsincurredtodate(representingworkperformed)totheestimatedtotalcostsorefforts.Estimatesoftransaction priceandtotalcostsoreffortsarecontinuouslymonitoredoverthetermofthecontractsandarerecognizedinnetprofitintheperiodwhentheseestimateschangeorwhenthe estimatesarerevised.Revenuesandtheestimatedtotalcostsoreffortsaresubjecttorevisionasthecontractprogresses.Provisionsforestimatedlosses,ifany,onincompletecontracts are recorded in the period in which such losses become probable based on the estimated efforts or costs to complete the contract. Thebillingschedulesagreedwithcustomersincludeperiodicperformancebasedbillingand/ormilestonebasedprogressbillings.Revenuesinexcessofbillingareclassifiedas |\n| unbilled revenue while billing in excess of revenues are classified as contract liabilities (which we refer to as unearned revenues). Inarrangementsforsoftwaredevelopmentandrelatedservicesandmaintenanceservices,byapplyingtherevenuerecognitioncriteriaforeachdistinctperformanceobligation,the arrangementswithcustomersgenerallymeetthecriteriaforconsideringsoftwaredevelopmentandrelatedservicesasdistinctperformanceobligations.Forallocatingthetransaction price,theGroupmeasurestherevenueinrespectofeachperformanceobligationofacontractatitsrelativestandalonesellingprice.Thepricethatisregularlychargedforanitem |\n| whensoldseparatelyisthebestevidenceofitsstandalonesellingprice.IncaseswheretheGroupisunabletodeterminethestandalonesellingprice,theGroupusestheexpectedcost plusmarginapproachinestimatingthestandalonesellingprice.Forsoftwaredevelopmentandrelatedservices,theperformanceobligationsaresatisfiedasandwhentheservicesare rendered since the customer generally obtains control of the work as it progresses. Certaincloudandinfrastructureservicescontractsincludemultipleelementswhichmay be subjecttootherspecificaccountingguidance,suchasleasingguidance.Thesecontracts areaccountedinaccordancewithsuchspecificaccountingguidance.InsucharrangementswheretheGroupisabletodeterminethathardwareandservicesaredistinctperformance obligations,itallocatestheconsiderationtotheseperformanceobligationsonarelativestandalonesellingpricebasis.Intheabsenceofstandalonesellingprice,theGroupusesthe |\n| expectedcost-plusmarginapproachinestimatingthestandalonesellingprice.Whensuch arrangementsareconsideredasasingleperformanceobligation,revenueisrecognized over the period and measure of progress is determined based on promise in the contract. Revenuefromlicenseswherethecustomerobtainsa“righttouse”thelicensesisrecognizedatthetimethelicensearemadeavailabletothecustomer.Revenuefromlicenseswhere |\n| the customer obtains a “right to access” is recognized over the access period. Arrangementstodeliversoftwareproductsgenerallyhavethreeelements:license,implementationandAnnualTechnicalServices(ATS).Whenimplementationservicesareprovided inconjunctionwiththelicensingarrangementandthelicenseandimplementationhavebeenidentifiedastwodistinctseparateperformanceobligations,thetransactionpriceforsuch contractsareallocatedtoeachperformanceobligationofthecontractbasedontheirrelativestandalonesellingprices.Intheabsenceofstandalonesellingpriceforimplementation, the Group uses the expected cost plus margin approach in estimating the standalone selling price. Where the license is required to be substantiallycustomized as part of the |\n| implementation service the entire arrangement fee for license and implementation is considered to be a single performance obligation and the revenue is recognized using the percentage-of-completion method as the implementation is performed. Revenue from client training, support and other services arising due to the sale of software products is recognized as the performance obligations are satisfied. ATS revenue is recognized ratably on a straight line basis over the period in which the services are rendered. Contractswithcustomersincludessubcontractorservicesorthird-partyvendorequipmentorsoftwareincertainintegratedservicesarrangements.Inthesetypesofarrangements, revenuefromsalesofthird-partyvendorproductsorservicesisrecordednetofcostswhentheGroupisactingasanagentbetweenthecustomerandthevendor,andgrosswhenthe |\n| Groupistheprincipalforthetransaction.Indoingso,theGroupfirstevaluateswhetheritobtainscontrolofthespecifiedgoodsorservicesbeforetheyaretransferredtothecustomer. TheGroupconsiderswhetheritisprimarilyresponsibleforfulfillingthepromisetoprovidethespecifiedgoodsorservices,inventoryrisk,pricingdiscretionandotherfactorsto determine whether it controls the specified goods or services and therefore, is acting as a principal or an agent. Acontractmodificationisachangeinthescopeorpriceorbothofacontractthatisapprovedbythepartiestothecontract.Acontractmodificationthatresultsintheadditionof distinctperformanceobligationsareaccountedforeitherasaseparatecontractiftheadditionalservicesarepricedatthestandalonesellingpriceorasaterminationoftheexisting |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 369, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "2a06f796e9496013", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 370\n\n| recover them. Certaineligible,nonrecurringcosts(e.g.set-uportransitionortransformationcosts)thatdonotrepresentaseparateperformanceobligationarerecognizedasanassetwhensuch |\n|---|\n| costs(a)relatedirectlytothecontract;(b)generateorenhanceresourcesoftheGroupthatwillbeusedinsatisfyingtheperformanceobligationinthefuture;and(c)areexpectedtobe recovered. Capitalizedcontractcostsrelatingtoupfrontpaymentstocustomersareamortizedtorevenueandothercapitalizedcosts areamortizedtoexpenses overtherespectivecontractlifeon |\n| asystematicbasisconsistentwiththetransferofgoodsorservicestocustomertowhichtheassetrelates.Capitalizedcostsaremonitoredregularlyforimpairment.Impairmentlosses are recorded when present value of projected remaining operating cash flows is not sufficient to recover the carrying amount of the capitalized costs. |\n| The Group presents revenues net of indirect taxes in its Consolidated Statement of Profit and Loss. Revenue from operation for the three months and year ended March 31, 2025 and March 31, 2024 are as follows: |\n| (In ₹ crore) Particulars Three months ended March 31, Year ended March 31, 2025 2024 2025 2024 Revenue from software services 38,999 36,064 155,395 145,285 |\n| Revenue from products and platforms 1,926 1,859 7,595 8,385 Total revenue from operations 40,925 37,923 162,990 153,670 |\n| Products & platforms TheGroupalsoderivesrevenuesfromthesaleofproductsandplatformslikeFinacle–corebankingsolution,EdgeSuiteofproducts,Panayaplatform,Staterdigitalplatformand |\n| Infosys McCamish – insurance platform. |\n| Disaggregated revenue information Revenuedisaggregationbybusinesssegmentshasbeenincludedinsegmentinformation(RefertoNote2.23).Thetablebelowpresentsdisaggregatedrevenuesfromcontractswith |\n| customersbygeographyandcontracttype.TheGroupbelievesthatthisdisaggregationbestdepictshowthenature,amount,timinganduncertaintyofrevenuesandcashflowsare affected by industry, market and other economic factors. For the three months and year ended March 31, 2025 and March 31, 2024: (In ₹ crore) Particulars Three months ended March 31, Year ended March 31, 2025 2024 2025 2024 Revenues by Geography* North America 23,344 22,606 94,397 92,411 |\n| Europe 12,771 10,861 48,595 42,267 India 1,206 833 5,014 3,881 Rest of the world 3,604 3,623 14,984 15,111 Total 40,925 37,923 162,990 153,670 * Geographical revenue is based on the domicile of customer Thepercentageofrevenuefromfixed-pricecontractsforthequarterendedMarch31,2025andMarch31,2024is54%and54%,respectively.Thepercentageofrevenuefromfixed- |\n| price contracts for the year ended March 31, 2025 and March 31, 2024 is 54% and 53%, respectively. |\n| Trade Receivables and Contract Balances Thetimingofrevenuerecognition,billingsandcashcollectionsresultsinreceivables,unbilledrevenue,andunearnedrevenueontheGroup’sConsolidatedBalanceSheet.Amounts |\n| are billed as work progresses in accordance with agreed-upon contractual terms, either at periodic intervals (e.g., monthly or quarterly) or upon achievement of contractual milestones. TheGroup’sreceivablesarerightstoconsiderationthatareunconditional. Unbilledrevenuescomprisingrevenuesinexcessofbillingsfromtimeandmaterialcontractsandfixed |\n| price maintenance contracts are classified as financial asset when the right to consideration is unconditional and is due only after a passage of time. Invoicingtotheclientsforotherfixedpricecontractsisbasedonmilestonesasdefinedinthecontractandthereforethetimingofrevenuerecognitionisdifferentfromthetimingof invoicing to the customers. Therefore unbilled revenues for other fixed price contracts (contract asset) are classified as non-financial asset becausethe rightto consideration is |\n| dependent on completion of contractual milestones. |\n| Invoicing in excess of earnings are classified as unearned revenue. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 370, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "b887149c119a6590", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 371\n\n| 2.17 OTHER INCOME, NET |\n|---|\n| Accounting policy Otherincomeiscomprisedprimarilyofinterestincome,dividendincome,gain/lossoninvestmentandexchangegain/lossonforwardandoptionscontractsandon |\n| translationofforeigncurrencyassetsandliabilities.Interestincomeisrecognizedusingtheeffectiveinterestmethod.Dividendincomeisrecognizedwhentherightto receive payment is established. |\n| Foreign currency |\n| Accounting policy Functional currency |\n| ThefunctionalcurrencyofInfosys,itsIndiansubsidiariesandcontrolledtrustsistheIndianrupee.Thefunctionalcurrenciesforforeignsubsidiariesaretheir respective local currencies. These financial statements are presented in Indian rupees (rounded off to crore; one crore equals ten million). |\n| Transactions and translations Foreign-currencydenominatedmonetaryassetsandliabilitiesaretranslatedintotherelevantfunctionalcurrencyatexchangeratesineffectattheBalanceSheetdate. ThegainsorlossesresultingfromsuchtranslationsarerecognizedintheCondensedConsolidatedStatementofProfitandLossandreportedwithinexchangegains/ (losses)ontranslationofassetsandliabilities,net, exceptwhendeferredinOtherComprehensiveIncomeasqualifyingcashflowhedges.Non-monetaryassetsand |\n| non-monetaryliabilitiesdenominatedinaforeigncurrencyandmeasuredatfairvaluearetranslatedattheexchangerateprevalentatthedatewhenthefairvaluewas determined.Non-monetaryassetsandnon-monetaryliabilitiesdenominatedinaforeigncurrencyandmeasuredathistoricalcostaretranslatedattheexchangerate prevalent at the date of transaction. The related revenue and expense are recognized using the same exchange rate. Transactiongainsorlossesrealizeduponsettlementofforeigncurrencytransactionsareincludedindeterminingnetprofitfortheperiodinwhichthetransactionis |\n| settled.Revenue,expenseandcash-flowitemsdenominatedinforeigncurrenciesaretranslatedintotherelevantfunctionalcurrenciesusingtheexchangerateineffect on the date of the transaction. Thetranslationoffinancialstatementsoftheforeignsubsidiariestothepresentationcurrency isperformedforassetsandliabilitiesusingtheexchangerateineffectat theBalanceSheetdateandforrevenue,expenseandcash-flowitemsusingtheaverageexchangeratefortherespectiveperiods.Thegainsorlossesresultingfrom |\n| suchtranslationareincludedincurrencytranslationreservesunderothercomponentsofequity.Whenasubsidiaryisdisposedoff,infull,therelevantamountis transferredtonetprofitintheCondensedConsolidatedStatementofProfitandLoss.Howeverwhenachangeintheparent'sownershipdoesnotresultinlossof control of a subsidiary, such changes are recorded through equity. OtherComprehensiveIncome,netoftaxesincludestranslationdifferencesonnon-monetaryfinancialassetsmeasuredatfairvalueatthereportingdate,suchas |\n| equities classified as financial instruments and measured at fair value through other comprehensive income (FVOCI). Goodwillandfairvalueadjustmentsarisingontheacquisitionofaforeignentityaretreatedasassetsandliabilitiesoftheforeignentityandtranslatedattheexchange |\n| rate in effect at the Balance Sheet date. |\n| Government grant TheGrouprecognizesgovernmentgrantsonlywhenthereisreasonableassurancethattheconditionsattachedtothemshallbecompliedwith,andthegrantswillbe received.GovernmentgrantsrelatedtoassetsaretreatedasdeferredincomeandarerecognizedinnetprofitintheConsolidatedStatementofProfitandLossona |\n| systematicand rationalbasisover theusefullifeof theasset.Government grants related to revenuearerecognized onasystematicbasisinnet profit inthe Consolidated Statement of Profit and Loss over the periods necessary to match them with the related costs which they are intended to compensate. Other income for the three months and year ended March 31, 2025 and March 31, 2024 is as follows: (In ₹ crore) Particulars Three months ended March 31, Year ended March 31, 2025 2024 2025 2024 Interest income on financial assets carried at amortized cost Tax free bonds and Government bonds 30 31 122 131 Deposit with Bank and others 386 222 1,401 929 Interest income on financial assets carried at fair value through other comprehensive income Non-convertible debentures, commercial paper, certificates of deposit and |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 371, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "7bc82cafbc140730", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 372\n\n| 2.18 EXPENSES |\n|---|\n| Accounting policy |\n| Gratuity and Pensions TheGroupprovidesforgratuity,adefinedbenefitretirementplan('theGratuityPlan')coveringeligibleemployeesmajorlyofInfosysanditsIndiansubsidiaries.The GratuityPlanprovidesalump-sumpaymenttovestedemployeesatretirement,death,incapacitationorterminationofemployment,ofanamountbasedonthe respectiveemployee'ssalaryandthetenureofemploymentwiththeGroup.TheCompanycontributesGratuityliabilitiestotheInfosysLimitedEmployees'Gratuity |\n| FundTrust(theTrust).IncaseofInfosysBPMandEdgeVerve,contributionsaremadetotheInfosysBPMEmployees'GratuityFundTrustandEdgeVerveSystems LimitedEmployees'GratuityFundTrust,respectively.TrusteesadministercontributionsmadetotheTrustsandcontributionsareinvestedinaschemewiththeLife Insurance Corporation of India as permitted by Indian law. TheGroupoperatesdefinedbenefitpensionplanincertainoverseasjurisdictions,inaccordancewiththelocallaws.Theseplansaremanagedbythirdpartyfund managers.Theplansprovideforperiodicpayoutsafterretirementand/orforalumpsumpaymentassetoutinrulesofeachfundandincludesdeathanddisability |\n| benefits. The defined benefit plans require contributions which are based on a percentage of salary that varies depending on the age of the respective employees. Liabilitieswithregardtothesedefinedbenefitplansaredeterminedbyactuarialvaluation,performedbyanexternalactuary,ateachBalanceSheetdateusingthe projected unit credit method. These defined benefit plans expose the Group to actuarial risks, such as longevity risk, interest rate risk and market risk. TheGrouprecognizesthenetobligationofadefinedbenefitplaninitsBalanceSheetasanassetorliability.Gainsandlossesthroughre-measurementsofthenet |\n| definedbenefitliability/(asset)arerecognizedinothercomprehensiveincomeandarenotreclassifiedtoprofitorlossinsubsequentperiods.Theactualreturnofthe portfolio ofplanassets,inexcessof theyields computed byapplyingthediscount rateused tomeasurethedefined benefitobligationisrecognized inother comprehensive income. The effect of any plan amendments is recognized in net profit in the Consolidated Statement of Profit and Loss. |\n| Provident fund EligibleemployeesofInfosysreceivebenefitsfromaprovidentfund,whichisadefinedbenefitplan.BoththeeligibleemployeeandtheCompanymakemonthly contributionstotheprovidentfundplanequaltoaspecifiedpercentageofthecoveredemployee'ssalary.TheCompanycontributesaportiontotheInfosysLimited |\n| Employees'ProvidentFundTrust.ThetrustinvestsinspecificdesignatedinstrumentsaspermittedbyIndianlaw.Theremainingportioniscontributed tothe governmentadministeredpensionfund.TherateatwhichtheannualinterestispayabletothebeneficiariesbythetrustisbeingadministeredbytheGovernmentof India. The Company has an obligation to make good the shortfall, if any, between the return from the investments of the trust and the notified interest rate. InrespectofIndiansubsidiaries,eligibleemployeesreceivebenefitsfromaprovidentfund,whichisadefinedcontributionplan.Boththeeligibleemployeeandthe respectivecompaniesmakemonthlycontributionstothisprovidentfundplanequaltoaspecifiedpercentageofthecoveredemployee'ssalary.Amountscollected |\n| undertheprovidentfundplanaredepositedinagovernmentadministeredprovidentfund.TheCompanieshavenofurtherobligationtotheplanbeyonditsmonthly contributions. |\n| Superannuation CertainemployeesofInfosys,InfosysBPMandEdgeVerveareparticipantsinadefinedcontributionplan.TheGrouphasnofurtherobligationstotheplanbeyondits |\n| monthly contributions which are periodically contributed to a trust fund, the corpus of which is invested with the Life Insurance Corporation of India. |\n| Compensated absences TheGrouphasapolicyoncompensatedabsenceswhicharebothaccumulatingandnon-accumulatinginnature.Theexpectedcostofaccumulatingcompensated absencesisdeterminedbyactuarialvaluationperformedbyanexternalactuaryateachBalanceSheetdateusingprojectedunitcreditmethodontheadditionalamount |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 372, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "566671dfd5c00b3d", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 373\n\n| Salaries including bonus 21,059 19,527 82,232 79,315 Contribution to provident and other funds 599 529 2,338 2,213 Share based payments to employees (Refer to Note 2.11) 198 225 802 652 Staff welfare 159 112 578 440 22,015 20,393 85,950 82,620 Cost of software packages and others For own use 655 555 2,467 2,145 |\n|---|\n| Third party items bought for service delivery to clients 3,244 3132 13,444 11,370 3,899 3,687 15,911 13,515 Other expenses Repairs and maintenance 322 316 1,320 1,278 Power and fuel 50 49 222 199 Brand and marketing 344 285 1,223 1,007 Rates and taxes 77 84 346 326 Consumables 66 47 227 170 Insurance 73 53 301 210 |\n| Provision for post-sales client support and others (228) -129 (110) 75 Commission to non-whole time directors 5 5 18 16 Impairment loss recognized / (reversed) under expected credit loss model (53) -98 48 121 Contributions towards Corporate Social Responsibility 92 182 585 533 Others 145 191 607 781 893 985 4,787 4,716 2.19 Leases |\n| Accounting Policy |\n| The Group as a lessee TheGroup’sleaseassetclassesprimarilyconsistofleasesforland,buildingsandcomputers.TheGroupassesseswhetheracontractcontainsalease,atinceptionofa contract.Acontractis,orcontains,aleaseifthecontractconveystherighttocontroltheuseofanidentifiedassetforaperiodoftimeinexchangeforconsideration. |\n| Toassesswhetheracontractconveystherighttocontroltheuseofanidentifiedasset,thegroupassesseswhether:(1)thecontractinvolvestheuseofanidentified asset(2)theGrouphassubstantiallyalloftheeconomicbenefitsfromuseoftheassetthroughtheperiodoftheleaseand(3)theGrouphastherighttodirecttheuse of the asset. Atthedateofcommencementofthelease,theGrouprecognizesaright-of-useasset(“ROU”)andacorrespondingleaseliabilityforallleasearrangementsinwhichit |\n| isalessee,exceptforleaseswithatermoftwelvemonthsorless(short-termleases)andlowvalueleases.Fortheseshort-termandlowvalueleases,theGroup recognizes the lease payments as an operating expense on a straight-line basis over the term of the lease. Asalessee,theGroupdeterminestheleasetermasthenon-cancellableperiodofaleaseadjustedwithanyoptiontoextendorterminatethelease,iftheuseofsuch optionisreasonablycertain.TheGroupmakesanassessmentontheexpectedleasetermonalease-by-leasebasisandtherebyassesseswhetheritisreasonablycertain thatanyoptionstoextendorterminatethecontractwillbeexercised.Inevaluatingtheleaseterm,theGroupconsidersfactorssuchasanysignificantleasehold |\n| improvementsundertakenovertheleaseterm,costsrelatingtotheterminationoftheleaseandtheimportanceoftheunderlyingassettoGroup’s operationstaking intoaccountthelocationoftheunderlyingassetandtheavailabilityofsuitablealternatives.Theleaseterminfutureperiodsisreassessedtoensurethattheleaseterm reflects the current economic circumstances. Certainleasearrangementsincludestheoptionstoextendorterminatetheleasebeforetheendoftheleaseterm.ROUassetsandleaseliabilitiesincludesthese |\n| options when it is reasonably certain that they will be exercised. Theright-of-useassetsareinitiallyrecognizedatcost,whichcomprisestheinitialamountoftheleaseliabilityadjustedforanyleasepaymentsmadeatorpriortothe |\n| commencementdateoftheleaseplusanyinitialdirectcostslessanyleaseincentives.Theyaresubsequentlymeasuredatcostlessaccumulateddepreciationand impairment losses. |\n| Right-of-use assets are depreciated from the commencement date on a straight-line basis over the shorter of the lease term and useful life of the underlying asset. Right-of-useassetsareevaluatedforrecoverabilitywhenevereventsorchangesincircumstancesindicatethattheircarryingamountsmaynotberecoverable.Forthe purposeofimpairmenttesting,therecoverableamount(i.e.thehigherofthefairvaluelesscosttosellandthevalue-in-use)isdeterminedonanindividualassetbasis |\n| unlesstheassetdoesnotgeneratecashflowsthatarelargelyindependentofthosefromotherassets.Insuchcases,therecoverableamountisdeterminedfortheCash Generating Unit (CGU) to which the asset belongs. Theleaseliabilityisinitiallymeasuredatamortizedcostatthepresentvalueofthefutureleasepayments.Theleasepaymentsarediscountedusingtheinterestrate |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 373, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "6317402cf820a7b9", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 374\n\n| The Group as a lessor LeasesforwhichtheGroupisalessorisclassifiedasafinanceoroperatinglease.Wheneverthetermsoftheleasetransfersubstantiallyalltherisksandrewardsof |\n|---|\n| ownership to the lessee, the contract is classified as a finance lease. All other leases are classified as operating leases. WhentheGroupisanintermediatelessor,itaccountsforitsinterestsintheheadleaseandthesubleaseseparately.Thesubleaseisclassifiedasafinanceoroperating |\n| lease by reference to the right-of-use asset arising from the head lease. |\n| For operating leases, rental income is recognized on a straight line basis over the term of the relevant lease. Following are the changes in the carrying value of right-of-use assets for the three months ended March 31, 2025: (In ₹ crore) Particulars Category of ROU asset |\n| Land Buildings Vehicles Computers Total Balance as of January 1, 2025 601 3,339 24 2,381 6,345 Additions* — 284 2 370 656 Deletions — (104) — (192) (296) Depreciation (1) (180) (3) (223) (407) Translation difference — 9 1 3 13 |\n| Balance as of March 31, 2025 600 3,348 24 2,339 6,311 * Net of adjustments on account of modifications. Following are the changes in the carrying value of right-of-use assets for the three months ended March 31, 2024: (In ₹ crore) Particulars Category of ROU asset |\n| Land Buildings Vehicles Computers Total Balance as of January 1, 2024 607 3,527 18 2,740 6,892 Additions* — 61 2 376 439 Deletions — (92) — (215) (307) Impairment — — — — — Depreciation (2) (185) (2) (234) (423) Translation difference — (13) (1) (35) (49) Balance as of March 31, 2024 605 3,298 17 2,632 6,552 * Net of adjustments on account of modifications |\n| Following are the changes in the carrying value of right-of-use assets for the year ended March 31, 2025: (In ₹ crore) Particulars Category of ROU asset Land Buildings Vehicles Computers Total Balance as of April 1, 2024 605 3,298 17 2,632 6,552 Additions* — 816 13 1,306 2,135 Addition due to Business Combination (Refer to Note 2.1) — 155 5 — 160 Deletions — (236) (6) (652) (894) Depreciation (6) (714) (11) (965) (1,696) |\n| Translation difference 1 29 6 18 54 Balance as of March 31, 2025 600 3,348 24 2,339 6,311 * Net of adjustments on account of modifications. Following are the changes in the carrying value of right-of-use assets for the year ended March 31, 2024: (In ₹ crore) Particulars Category of ROU asset |\n| Land Buildings Vehicles Computers Total Balance as of April 1, 2023 623 3,896 15 2,348 6,882 Additions* — 394 12 1,872 2,278 Deletions (10) (181) (1) (755) (947) Impairment — (88) — — (88) Depreciation (6) (728) (10) (851) (1,595) |\n| Translation difference (2) 5 1 18 22 Balance as of March 31, 2024 605 3,298 17 2,632 6,552 * Net of adjustments on account of modifications and lease incentives TheaggregatedepreciationexpenseonROUassetsisincludedunderdepreciationandamortizationexpenseintheinterimcondensedConsolidatedStatementof |\n| Profit and Loss. The following is the break-up of current and non-current lease liabilities as at March 31, 2025 and March 31, 2024: (In ₹ crore) Particulars As at |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 374, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "9ed736fa7cea26f2", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 375\n\n| X17AO2.20 EARNINGS PER EQUITY SHARE |\n|---|\n| Accounting policy |\n| BasicearningsperequityshareiscomputedbydividingthenetprofitattributabletotheequityholdersoftheGroup bytheweightedaveragenumberof |\n| equitysharesoutstandingduringtheperiod.Dilutedearningsperequityshareiscomputedbydividingthenetprofitattributabletotheequityholdersofthe |\n| Groupbytheweightedaveragenumberofequitysharesconsideredforderivingbasicearningsperequityshareandalsotheweightedaveragenumberof |\n| equityshares that could havebeen issued upon conversion ofalldilutivepotentialequityshares. Thedilutivepotentialequityshares areadjusted forthe |\n| proceedsreceivablehadtheequitysharesbeenactuallyissuedatfairvalue(i.e.theaveragemarketvalueoftheoutstandingequityshares).Dilutivepotential |\n| equity shares are deemed converted as at the beginning of the period, unless issued at a later date. Dilutive potential equity shares are determined |\n| independently for each period presented. |\n| Thenumberofequitysharesandpotentiallydilutiveequitysharesareadjustedretrospectivelyforallperiodspresentedforanysharesplitsandbonusshares |\n| issues including for changes effected prior to the approval of the financial statements by the Board of Directors. |\n| 2.21 CONTINGENT LIABILITIES AND COMMITMENTS |\n| Accounting policy |\n| Contingentliabilityisapossibleobligationarisingfrompasteventsandwhoseexistencewillbeconfirmedonlybytheoccurrenceornon-occurrenceofone |\n| ormoreuncertainfutureeventsnotwhollywithinthecontroloftheentityorapresentobligation thatarisesfrompasteventsbutisnotrecognizedbecause it |\n| isnotprobablethatanoutflowofresourcesembodyingeconomicbenefitswillberequiredtosettletheobligationor theamountoftheobligationcannotbe |\n| measured with sufficient reliability. |\n| 2.21.1 Contingent liability |\n| (In ₹ crore) As at Particulars |\n| March 31, 2025 March 31, 2024 Contingent liabilities : |\n| Claims against the Group, not acknowledged as debts(1) 2,953 3,583 |\n| [Amount paid to statutory authorities ₹4,207 crore (₹8,754 crore)] |\n| (1) |\n| AsatMarch31,2025andMarch31,2024,claimsagainsttheGroupnotacknowledgedasdebtsinrespectofincometaxmattersamountedto₹1,933crore and ₹2,794 crore, respectively. |\n| TheclaimsagainsttheGroupprimarilyrepresentdemandsarisingoncompletionofassessmentproceedingsundertheIncomeTaxAct,1961.Theseclaims |\n| areonaccountofissuesofdisallowanceofexpendituretowardssoftwarebeingheldascapitalinnature,paymentsmadetoAssociatedEnterprisesheldas |\n| liable for withholding of taxes, among others. These matters are pending before various Income Tax Authorities and the Management including its tax |\n| advisorsexpectthatitspositionwilllikelybeupheldonultimateresolutionandwillnothaveamaterialadverseeffectontheGroup'sfinancialpositionand |\n| results of operations. |\n| Amount paid to statutory authorities against the tax claims amounted to ₹4,199 crore and ₹8,743 crore as at March 31, 2025 and March 31, 2024, |\n| respectively. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 375, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "f5b2b54627ad987a", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 376\n\n| 2.21.2 Legal Proceedings |\n|---|\n| McCamish Cybersecurity incident |\n| InNovember2023,certainsystemsofInfosysMcCamishSystemsLLC(“McCamish”),asubsidiaryofInfosysBPMLimited(awhollyownedsubsidiaryof |\n| Infosys Limited), were encrypted by ransomware, resulting in the non-availability of certain applications and systems. McCamish initiated its incident |\n| response and engaged cybersecurityand other specialists to assist in its investigation of and response to the incident and remediation and restoration of |\n| impacted applications and systems. By December 31, 2023, McCamish, with external specialists’ assistance, substantially remediated and restored the |\n| affectedapplicationsandsystems.ActionstakenbyMcCamishincludedinvestigativeanalysisconductedbyathird-partycybersecurityfirmtodetermine, |\n| amongotherthings,whetherandtheextenttowhichcompanyorcustomerdatawassubjecttounauthorizedaccessorexfiltration.McCamishalsoengageda |\n| third-partyeDiscoveryvendorinassessingtheextentandnatureofsuchdata.McCamishincoordinationwithitsthird-partyeDiscoveryvendorhasidentified |\n| corporatecustomersandindividualswhoseinformationwassubjecttounauthorizedaccessandexfiltration.McCamishprocessespersonaldataonbehalfof |\n| its corporate customers. |\n| FromMarch6,2024throughJuly25,2024,sixactionswerefiledintheU.S.DistrictCourtfortheNorthernDistrictofGeorgiaagainstMcCamish.The |\n| actionsariseoutofthecybersecurityincidentatMcCamishinitiallydisclosedonNovember3,2023.Allsixactionshavesincebeenconsolidated,andthe |\n| consolidated class action complaint was filed on November 7, 2024, purportedly on behalf of all persons residing in the United States whosepersonally |\n| identifiableinformationwascompromisedintheincident,includingallwhoweresentanoticeoftheincident.OnDecember20,2024,theCourtgrantedthe |\n| parties’ joint motion to stay proceedings pending the parties’ efforts to resolve the lawsuit through mediation. On March 13, 2025, McCamish and the |\n| plaintiffsengagedinmediation,resultinginanin-principleagreementthatsetsforththetermsofaproposedsettlementoftheclassactionlawsuitsagainst |\n| McCamish,aswellassevenclassactionlawsuitsarisingoutoftheincidentthathavebeenfiledagainstMcCamish’scustomers. Underthesettlementterms, |\n| McCamishhasagreedtopay$17.5million(approximately₹150crore)intoafundtosettlethesematters.Theagreedtermsaresubjecttofinalizationofthe |\n| termsofthesettlementagreement,andpreliminaryandfinalcourtapproval.Ifapproved,thesettlementwillresolveallallegationsmadeintheclassaction |\n| lawsuits without admission of any liability. |\n| McCamish has recorded an accrual of $17.5 million (approximately ₹150 crore) related to the settlement. McCamish has recognized an insurance |\n| reimbursementreceivableof$17million(approximately₹145crore)whichhasbeenoffsetagainstthesettlementexpenseof$17.5million(approximately |\n| ₹150 crore) in the Statement of Profit and Loss. McCamish may incur additional costs including from indemnities or damages/claims, which are |\n| indeterminable at this time. |\n| Others |\n| Apart from legal proceedings and claims arising from the McCamish cybersecurity incident, the Group is subject to legal proceedings and claims which have |\n| arisen in the ordinary course of business. The Group’s management reasonably expects that such ordinary course legal actions, when ultimately concluded and |\n| determined, will not have a material and adverse effect on the Group’s results of operations or financial condition. |\n| 2.21.4 Commitments |\n| (In ₹ crore) As at Particulars March 31, 2025 March 31, 2024 |\n| Estimated amount of contracts remaining to be executed on capital contracts and not provided for (net of advances and deposits)(1) 935 780 Other commitments* 122 79 (1) |\n| Capital contracts primarily comprises of commitments for infrastructure facilities and computer equipment. * Uncalled capital pertaining to investments |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 376, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "b290029fd5979844", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 377\n\n| . | Danske IT and Support Services India Private Limited renamed as IDUNN Information Technology Pri | vate Limited |\n|---|---|---|\n| . | OnMay10,2024InfosysLtd.acquired100%ofvotinginterestsinInSemiTechnologyServicesPriv | ateLimitedalongwithitssubsidiaryElbrus |\n| . | Labs Private Limited Infosys Services (Thailand) Limited, a Wholly-owned subsidiary of Infosys Limited was incorporated o | n July 26, 2024. |\n| . . | Infy tech SAS, a Wholly-owned subsidiary of Infosys Singapore Pte Limited was incorporated on July 0 OnJuly17,2024,InfosysGermanyGmbH,awhollyownedsubsidiaryofInfosysSingaporePte.Limi | 3, 2024. ted,acquired100%ofvotinginterestsinin- |\n|  | tech Holding GmbH along with its subsidiary in-tech GmbH along with its six subsidiaries in-tech | Automotive Engineering SL, ProIT, in-tech |\n|  | Automotive Engineering de R.L. de C.V, drivetech Fahrversuch GmbH, Friedrich Wagner Holding | Inc along with its two subsidiaries (in-tech |\n|  | Automotive Engineering LLC and in-tech Services LLC) and Friedrich & Wagner Asia Pacific G | mbH along with its five subsidiaries in-tech |\n|  | engineerings.r.o,in-techengineeringGmbH,in-techengineeringservicesS.R.L,in-techGroupLtdal | ongwithitssubsidiary(in-techGroupIndia |\n|  | PrivateLimited) andIn-techAutomotiveEngineeringShenyangCo., Ltdalongwithitssubsidiary(I | n-tech AutomotiveEngineeringBeijingCo., |\n| . . . . | Ltd). Subsequently on September 01, 2024 in-tech Group India Private Limited became a wholly-owned On October 17, 2024, Infosys Singapore Pte Ltd. acquired 100% of voting interests in Blitz 24-893 SE , Skava systems Private Limited, a wholly-owned subsidiary of Infosys ltd has been liquidated effective in-tech Automotive Engineering de. R L de. C V, a wholly-owned subsidiary of in-tech GmbH is under Friedrich Wagner Holding Inc, a wholly-owned subsidiary of in-tech GmbH is under liquidation. | subsidiary of Infosys limited. Germany November 14, 2024 liquidation. |\n| . . . . | in-tech Services LLC, a wholly-owned subsidiary of Friedrich Wagner Holding Inc has been liquidated in-tech Automotive Engineering LLC, a wholly-owned subsidiary of Friedrich Wagner Holding Inc has Infosys Consulting S.r.l. (Romania) renamed as Infosys Romania S.r.l. Kaleidoscope Animations, a wholly-owned subsidiary of Infosys Nova Holdings LLC merged into Infos | effective November 30, 2024 been liquidated effective November 30, 2024 ys Nova Holdings LLC effective January 1, |\n| . | 2025 Blue Acorn iCi Inc, a wholly-owned subsidiary of Infosys Nova Holdings LLC merged into Infosys Nov | a Holdings LLC effective January 1, 2025 |\n| . . | WongDoody Inc, a wholly-owned subsidiary of Infosys limited merged into Infosys Nova Holdings LLC Outbox systems Inc. dba Simplus (US), a wholly-owned subsidiary of Infosys Nova Holdings LL | effective January 1, 2025 C merged into Infosys Nova Holdings LLC |\n| . | effective January 1, 2025 |  |\n| . | in-tech Holding GmbH, a wholly-owned subsidiary of Infosys Singapore Pte. Limited merged into in-tec Friedrich & Wagner Asia Pacific GmbH, a wholly-owned subsidiary of in-tech GmbH merged into in-te | h GmbH effective January 1, 2025 ch GmbH effective January 1, 2025 |\n| . | Infosys Limited SPC, a Wholly-owned subsidiary of Infosys Limited was incorporated on December 12, | 2024. |\n| . | Infosys BPM Netherlands B.V., a Wholly-owned subsidiary of Infosys BPM Limited was incorporated | on March 20, 2025. |\n| Chan | ge in key management personnel |  |\n| The f | ollowing are the changes in the key management personnel: |  |\n| Execu | tive Officers: |  |\n| - | Jayesh Sanghrajka (appointed as Chief Financial Officer effective April 1, 2024) |  |\n| Tran | saction with key management personnel: |  |\n| The ta | ble below describes the compensation to key management personnel which comprise directors and exec | utive officers: |\n|  |  | (In ₹ crore) |\n| Parti | culars Three months ended March 3 | 1, Year ended March 31, |\n| Salari | 2025 es and other short term employee benefits to whole-time directors 33 | 2024 2025 2024 30 118 113 |\n| and e Comm | xecutive officers (1)(2) ission and other benefits to non-executive/independent directors 5 | 5 19 17 |\n| Total | 38 | 35 137 130 |\n| (1)To | talemployeestockcompensationexpenseforthethreemonthsendedMarch31,2025andMarch31,2 | 024includesachargeof ₹18croreand₹17 |\n| crore, | respectively,towardskeymanagementpersonnel.FortheyearendedMarch31,2025andMarch31, | 2024includesachargeof₹70croreand₹68 |\n| crore, | respectively, towards key management personnel. (Refer to Note 2.11) |  |\n| (2) D | oes not include post-employment benefits and other long-term benefits based on actuarial valuation as t | hese are done for the Company as a whole. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 377, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "0339164a86bd51ec", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 378\n\n| 2.23 SEGMENT REPORTING |\n|---|\n| IndAS108,Operatingsegments,establishesstandardsforthewaythatpublicbusinessenterprisesreportinformationaboutoperatingsegmentsandrelateddisclosures aboutproductsandservices,geographicareas,andmajorcustomers.TheGroup'soperationspredominantlyrelatetoprovidingend-to-endbusinesssolutionstoenable clientstoenhancebusinessperformance.TheChiefOperatingDecisionMaker(CODM)evaluatestheGroup'sperformanceandallocatesresourcesbasedonananalysis |\n| ofvariousperformanceindicatorsbybusinesssegments.Accordingly,informationhasbeenpresentedalongbusinesssegments.Theaccountingprinciplesusedinthe preparation of the financial statements are consistently applied to record revenue and expenditure in individual segments, and are as set out in the accounting policies. BusinesssegmentsoftheGroupareprimarilyenterprisesinFinancialServicesandInsurance,enterprisesinManufacturing,enterprisesinRetail,ConsumerPackaged GoodsandLogistics,enterprisesintheEnergy,Utilities,ResourcesandServices,enterprisesinCommunication,TelecomOEMandMedia,enterprisesinHi-Tech, |\n| enterprisesinLifeSciencesandHealthcareandallothersegments.TheFinancialservicesreportablesegmentshasbeenaggregatedtoincludetheFinancialServices operatingsegment and Finacle operatingsegment because ofthe similarityofthe economic characteristics. Allother segmentsrepresent theoperatingsegmentsof businesses in India, Japan, China, Infosys Public Services & other enterprises in Public Services. Revenueandidentifiableoperatingexpensesinrelationtosegmentsarecategorizedbasedonitemsthatareindividuallyidentifiabletothatsegment.Revenuefor'all othersegments'representsrevenuegeneratedbyInfosysPublicservicesandrevenuegeneratedfromcustomerslocatedinIndia,JapanandChinaandotherenterprisesin Publicservices.AllocatedexpensesofsegmentsincludeexpensesincurredforrenderingservicesfromtheGroup'soffshoresoftwaredevelopmentcentersandon-site expenses,whicharecategorizedinrelationtotheassociatedeffortsofthesegment.Certainexpensessuchasdepreciationandamortization,whichformasignificant |\n| componentoftotalexpenses,arenotspecificallyallocabletospecificsegmentsastheunderlyingassetsareusedinterchangeably.TheManagementbelievesthatitisnot practicaltoprovidesegmentdisclosuresrelatingtothosecostsandexpenses,andaccordinglytheseexpensesareseparatelydisclosedas\"unallocated\"andadjusted against the total income of the Group. Assets and liabilities used in the Group's business are not identified to any of the reportable segments, as these are used interchangeablybetween segments. The |\n| Management believes that it is currentlynot practicable toprovide segment disclosures relatingtototalassets and liabilities since a meaningfulsegregation ofthe available data is onerous. |\n| Business segment revenue information is collated based on individual customers invoiced or in relation to which the revenue is otherwise recognized. |\n| Disclosure of revenue by geographic locations is given in note 2.16 Revenue from operations. |\n| Business Segments Three months ended March 31, 2025 and March 31, 2024: (In ₹ crore) Financial Retail (2) Communic Energy, Manufacturing Hi-Tech Life All other Total Services (1) ation (3) Utilities, Sciences (4)segments (5) Particulars Resources and Services Revenue from operations 11,614 5,440 4,798 5,308 6,527 3,397 2,765 1,076 40,925 10,010 5,429 4,666 5,068 5,589 3,316 2,762 1,083 37,923 Identifiable operating expenses 6,665 2,736 3,074 2,771 4,182 2,005 1,639 613 23,685 6,042 2,591 3,033 2,717 3,656 1,995 1,639 652 22,325 Allocated expenses 2,001 1,064 888 960 1,149 597 509 198 7,366 2,027 974 823 920 852 518 491 209 6,814 Segment operating income 2,948 1,640 836 1,577 1,196 795 617 265 9,874 1,941 1,864 810 1,431 1,081 803 632 222 8,784 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 378, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "dde367209cdd99db", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 379\n\n| Finance cost Profit before tax Income tax expens Net Profit Depreciation and a Non-cash expense (1) Financial Servi (2) Retail includes (3) Communication (4) Life Sciences in (5) Others include | e mortizati s other tha ces includ enterprise includes cludes en operating | on expense n depreciation a e enterprises in s in Retail, Con enterprises in C terprises in Life segments of bus | nd amortization Financial Servi sumer Package ommunication, sciences and H inesses in India | ces and Insur d Goods and Telecom OE ealth care , Japan, Chi | ance Logistics M and Medi na, Infosys P | a ublic Servi | ces & other enterprises | in Public Se | rvices |  | 416 470 37,608 35,988 10,858 9,740 26,750 26,248 4,812 4,678 — — |\n|---|---|---|---|---|---|---|---|---|---|---|---|\n| Significant client | s |  |  |  |  |  |  |  |  |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 379, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d735cb2d3a9a1a22", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025 | Page: 380\n\n| Particulars Revenue from oper Cost of Sales* Gross profit Operating expenses Selling and mark General and adm Total operating ex Operating profit | ations eting expenses inistration exp penses | enses |  | N | ote No. 2.16 | Three m | onths ended March 2025 40,925 28,575 12,350 1,957 1,818 3,775 8,575 | 31, Ye 2024 37,923 26,748 11,175 1,735 1,819 3,554 7,621 | ar ended 2025 162,990 113,347 49,643 7,587 7,632 15,219 34,424 | March | 31, 2024 153,670 107,413 46,257 6,973 7,537 14,510 31,747 |\n|---|---|---|---|---|---|---|---|---|---|---|---|\n| Other income, net Finance cost Profit before tax Tax expense: Current tax Deferred tax Profit for the peri Other comprehens Items that will not Remeasurement of Equity instruments | od ive income be reclassified the net defined through other | subsequently to benefit liabilit comprehensive | profit or y/asset, n income, n | loss et et | 2.17 2.15 2.15 |  | 1,190 102 9,663 2,784 (159) 7,038 (145) 29 (116) | 2,729 110 10,240 1,173 1,092 7,975 26 (12) 14 | 3,600 416 37,608 12,130 (1,272) 26,750 (92) 19 (73) |  | 4,711 470 35,988 8,390 1,350 26,248 120 19 139 |\n| Items that will be r Fair value changes Exchange differenc Fair value changes Total other compr | eclassified sub on derivatives es on translati on investment ehensive inco | sequently to pr designated as c on of foreign o s, net me / (loss), net | ofit or loss ash flow perations, of tax | hedge, net net |  |  | (56) 384 63 391 | 28 (231) 37 (166) | (24) 357 199 532 |  | 11 226 144 381 |\n| Total comprehensi | ve income for | the period |  |  |  |  | 275 | (152) | 459 |  | 520 |\n| Profit attributable Owners of the Com Non-controlling int | to: pany erests |  |  |  |  |  | 7,313 7,033 5 7,038 | 7,823 7,969 6 7,975 | 27,209 26,713 37 26,750 |  | 26,768 26,233 15 26,248 |\n| Total comprehensi Owners of the Com Non-controlling int *During the three m | ve income att pany erests onths ended M | ributable to: arch 31, 2025, | a decline | in the revenue estimates led to the carrying valu | e of the | customer relate | 7,304 9 7,313 d intangibles assets | 7,821 2 7,823 recognized on busi | 27,167 42 27,209 ness com | bination | 26,754 14 26,768 exceeding |\n| the estimated recov 2025 as part of dep | erable amount reciation and a | . Consequently, mortization ex | the Com penses. | pany has recognized ₹188 crore as the excess of | carryin | g value over the | estimated recoverab | le value for the thr | ee month | s ended | March 31, |\n| for and on behalf o | f the Board of | Directors of In | fosys Limi Na Ch | ted ndan M. Nilekani airman |  | Salil Parekh Chief Executive | Officer |  |  | Bobby P Director | arikh |\n| Bengaluru |  |  | DIN Jay | : 00041245 esh Sanghrajka |  | and Managing DIN: 01876159 A.G.S. Manikan | Director tha |  |  | DIN: 00 | 019437 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-1.pdf", "fiscal_year": "FY2025", "page_number": 380, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and year ended March 31, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "f9b42d39e632e247", "content": "TO ALL STOCK EXCHANGES BSE LIMITED NATIONAL STOCK EXCHANGE OF INDIA LIMITED NEW YORK STOCK EXCHANGE October 16, 2025 Dear Sir/ Madam, Sub: Outcome of the Board meeting This has reference to our letter dated September 19, 2025, regarding the captioned subject. The Board, at their meeting held on October 15-16, 2025 transacted the following items of business: Financial Results: 1. Approved the audited consolidated financial results of the Company and its subsidiaries as per Indian Accounting Standards (“INDAS”) for the quarter and half year ended September 30, 2025; 2. Approved the audited standalone financial results of the Company as per INDAS for the quarter and half year ended September 30, 2025; 3. Approved the audited financial statements of the Company and its subsidiaries as per INDAS and International Financial Reporting Standard (“IFRS”) for the quarter and half year ended September 30, 2025; Dividend: 4. Declared an interim dividend of ₹ 23/- per equity share, fixed October 27, 2025 as a record date and November 7, 2025 as a payout date. Stock grants: 5. Based on the recommendations of the Nomination and Remuneration Committee, approved: • Grant of 109,893 Restricted Stock Units (“RSUs”) under the 2015 Stock Incentive Compensation Plan (“2015 Plan”) to eligible employees. • Grant of Performance Based Stock incentives (“PSUs”) to eligible employees under the", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 2, "section": "Introduction", "subsection": "Manikantha A.G.S. \nCompany Secretary \nMembership No: A21918", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fe9babb95e5e5f86"}, {"chunk_id": "f37c63635897c560", "content": "Compensation Plan (“2015 Plan”) to eligible employees. • Grant of Performance Based Stock incentives (“PSUs”) to eligible employees under the Expanded Stock Ownership Program 2019 (“2019 Plan”) covering the Company’s Equity Shares having a market value of ₹44.20 lakh as on the date of the grant. The number of PSUs will be calculated based on the market price at the close of trading on November 1, 2025. The grants made under the 2015 Plan would vest equally over a period of three to four years and the grants made under the 2019 Plan would vest over a period of three years subject to the Company’s achievement of performance parameters as defined in the 2019 Plan. The RSUs and PSUs will be granted w.e.f., November 1, 2025 and the exercise price will be equal to the par value of the share. Incorporation of a subsidiary: 6. Approved incorporation of a step down wholly owned subsidiary in Egypt as a wholly owned subsidiary of Infosys Singapore Pte Ltd. Additional information as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, will be disclosed in due course. Transfer of shareholding in a subsidiary: 7. As part of internal reorganization, approved transfer of 90% of the shareholding held by Infosys Limited in Infosys Consulting S.R.L., Argentina, a majority owned subsidiary of Infosys Limited to Infosys Nova Holdings LLC a wholly owned subsidiary of Infosys Limited.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 2, "section": "Introduction", "subsection": "Manikantha A.G.S. \nCompany Secretary \nMembership No: A21918", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fe9babb95e5e5f86"}, {"chunk_id": "dcd043cae23a4e1b", "content": "Limited in Infosys Consulting S.R.L., Argentina, a majority owned subsidiary of Infosys Limited to Infosys Nova Holdings LLC a wholly owned subsidiary of Infosys Limited. Additional information as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, will be disclosed in due course. The Board meeting was held on October 15 and 16, 2025. The Board meeting on October 16, 2025 commenced at 12:15 PM IST and concluded at 3:55 PM IST. We are hereby enclosing herewith the financial results and press release for your information and records. The same will also be made available on the Company’s website www.infosys.com. This is for your information and records. Yours Sincerely, For Infosys Limited Anur Gurugopala Raju Suryanarayana Manikantha Digitally signed by Anur Gurugopala Raju Suryanarayana Manikantha Date: 2025.10.16 15:58:14 +05'30' Manikantha A.G.S. Company Secretary Membership No: A21918", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 2, "section": "Introduction", "subsection": "Manikantha A.G.S. \nCompany Secretary \nMembership No: A21918", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fe9babb95e5e5f86"}, {"chunk_id": "bc812077bc5c54bc", "content": "Revenue Growth- Q2 26 Reported CC 2.7% 2.2% 3.7% 2.9% YoY growth (%) QoQ growth (%) Revenues by Business Segments Quarter ended YoY Growth Sep 30, 2025 Jun 30, 2025 Sep 30, 2024 Reported CC Financial services 27.7 27.9 27.2 5.6 5.4 Manufacturing 16.5 16.1 15.7 9.3 6.6 Energy, Utilities, Resources & Services 13.4 13.6 13.5 2.4 2.1 Retail 12.7 13.4 13.3 (1.0) (2.3) Communication 12.1 12.0 11.9 5.7 4.7 Hi-Tech 8.3 7.8 8.0 8.3 8.6 Life Sciences 6.4 6.5 7.3 (8.9) (10.5) Others 2.9 2.7 3.1 (3.6) (2.4) Total 100.0 100.0 100.0 3.7 2.9 Revenues by Client Geography Quarter ended YoY Growth Sep 30, 2025 Jun 30, 2025 Sep 30, 2024 Reported CC 56.3 56.5 57.4 1.7 2.0 31.7 31.5 29.8 10.6 6.3 8.9 9.1 9.7 (5.2) (3.9) 3.1 2.9 3.1 2.9 6.8 100.0 100.0 100.0 3.7 2.9 India Total North America Europe Rest of the world Sep 30, 2025 Jun 30, 2025 Sep 30, 2024 Active Added during the period (gross) Number of Million dollar clients* 1,896 1,861 1,870 118 93 86 1 Million dollar + 10 Million dollar + 50 Million dollar + 100 Million dollar + Client contribution to revenues 1,012 1,011 985 322 317 307 85 85 86 41 41 41 Top 5 clients Top 10 clients Top 25 clients Days Sales Outstanding* 13.0% 13.2% 13.7% 20.7% 20.8% 20.9% 35.2% 35.2% 34.7% 71 70 73 *LTM (Last twelve months) Revenues", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Free  \nCash Flow", "subsection": "*LTM (Last twelve months) Revenues", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0ca95f219c6b7052"}, {"chunk_id": "b07b5b5cb9613019", "content": "Fact Sheet Consolidated Financial Data - Second Quarter, Fiscal 2026 Effort & Utilization – Consolidated IT Services (in %) Sep 30, 2025 Jun 30, 2025 Sep 30, 2024 Onsite Offshore Utilization 23.2 23.6 24.1 76.8 76.4 75.9 82.2 82.7 84.3 85.1 85.2 85.9 Including trainees Excluding trainees Sep 30, 2025 Jun 30, 2025 Sep 30, 2024 331,991 323,788 317,788 314,500 306,706 300,774 17,491 17,082 17,014 14.3% 14.4% 12.9% 39.5% 39.1% 39.0% Voluntary Attrition % (LTM - IT Services) % of Women Employees Total employees S/W professionals Sales & Support Sep 30, 2025 Jun 30, 2025 Sep 30, 2024 1,101 884 839 6,173 5,271 4,626 Consolidated cash and investments (2) Sep 30, 2025 Jun 30, 2025 Sep 30, 2024 9,677 7,533 7,010 54,809 45,204 38,767 Free cash flow (1) Consolidated cash and investments (2) (1) Free cash flow is defined as net cash provided by operating activities less capital expenditure as per the consolidated statement of cash flows prepared under IFRS (Non-IFRS measure) (2) Consolidated cash and investments comprise of cash and cash equivalents, current and non-current investments excluding investments in equity and preference shares, unquoted compulsorily convertible debentures and others (Non-IFRS measure)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Free cash flow is defined as net cash provided by operating activities less capital expenditure as per the consolidated statement of cash flows prepared under IFRS \n(Non-IFRS measure) \n(2) Consolidated cash and investments comprise of cash and cash equivalents, current and non-current investments excluding investments in equity and preference \nshares, unquoted compulsorily convertible debentures and others (Non-IFRS measure)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "366d7785b26b654d"}, {"chunk_id": "bddce51669afae8d", "content": "Fact Sheet Consolidated Financial Data - Second Quarter, Fiscal 2026 Consolidated statement of Comprehensive Income for three months ended, (Extracted from IFRS Financial Statement) In US $ million, except per equity share data Particulars Sep 30, 2025 Sep 30, 2024 Growth % YoY Jun 30, 2025 Growth % Revenues Cost of sales Gross Profit Operating Expenses: Selling and marketing expenses Administrative expenses Total Operating Expenses Operating Profit Operating Margin % Other Income, net(1) QoQ 5,076 4,894 3.7% 4,941 2.7% 3,516 3,400 3.4% 3,416 2.9% 1,560 1,494 4.4% 1,525 2.3% 254 221 14.9% 258 -1.6% 241 240 0.4% 239 0.8% 495 461 7.4% 497 -0.4% 1,065 1,033 3.1% 1,028 3.6% 21.0 21.1 -0.1% 20.8 0.2% 100 72 38.9% 110 -9.1% 1,165 1,105 5.4% 1,138 2.4% 325 327 -0.6% 329 -1.2% 840 778 8.0% 809 3.8% 839 777 8.0% 809 3.7% 0.20 0.19 7.9% 0.20 3.7% 0.20 0.19 7.9% 0.19 3.7% 0.26 0.25 9.5% - - Profit before income taxes Net Profit (before non-controlling interests) Net Profit (after non-controlling interests) Basic EPS ($) Diluted EPS ($) Dividend Per Share ($)(2)(3) Consolidated statement of Comprehensive Income for six months ended, (Extracted from IFRS Financial Statement) In US $ million, except per equity share data Particulars Sep 30, 2025 Sep 30, 2024 Growth % Revenues Cost of sales Gross Profit Operating Expenses: Selling and marketing expenses Administrative expenses 10,018 9,608 4.3% 6,933 6,659 4.1% 3,085 2,949 4.6% 512 454 12.8% 480 469 2.3% 992 923 7.5% 2,093 2,026 3.3% 20.9 21.1 -0.2% 210 160 31.3% 2,303 2,186 5.4% 654 644 1.6% 1,649 1,542 6.9% 1,647 1,540 6.9% 0.40 0.37 6.9% 0.40", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n(2) USD/INR exchange rate of 88.79 considered for Q2’26 \n(3) Dividend Growth (%) calculated in INR terms", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5bd63682c350a619"}, {"chunk_id": "2c465e2a68f2aa87", "content": "Administrative expenses 10,018 9,608 4.3% 6,933 6,659 4.1% 3,085 2,949 4.6% 512 454 12.8% 480 469 2.3% 992 923 7.5% 2,093 2,026 3.3% 20.9 21.1 -0.2% 210 160 31.3% 2,303 2,186 5.4% 654 644 1.6% 1,649 1,542 6.9% 1,647 1,540 6.9% 0.40 0.37 6.9% 0.40 0.37 6.9% 0.26 0.25 9.5% Total Operating Expenses Operating Profit Operating Margin % Other Income, net(1) Profit before income taxes Income tax expense Net Profit (before non-controlling interests) Net Profit (after non-controlling interests) Basic EPS ($) Diluted EPS ($) Dividend Per Share ($)(2)(3) (1) Other income is net of Finance Cost (2) USD/INR exchange rate of 88.79 considered for Q2’26 (3) Dividend Growth (%) calculated in INR terms", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n(2) USD/INR exchange rate of 88.79 considered for Q2’26 \n(3) Dividend Growth (%) calculated in INR terms", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5bd63682c350a619"}, {"chunk_id": "0181def149d1c0f8", "content": "Fact Sheet Consolidated Financial Data - Second Quarter, Fiscal 2026 Consolidated statement of Comprehensive Income for three months ended, (Extracted from IFRS Financial Statement) In ₹ crore, except per equity share data Particulars Sep 30, 2025 Sep 30, 2024 Growth % YoY Jun 30, 2025 Growth % Cost of sales Revenues QoQ 44,490 40,986 8.6% 42,279 5.2% 30,800 28,474 8.2% 29,224 5.4% 13,690 12,512 9.4% 13,055 4.9% Gross Profit Operating Expenses: Selling and marketing expenses Administrative expenses Total Operating Expenses Operating Profit Operating Margin % Other Income, net(1) 2,224 1,855 19.9% 2,208 0.7% 2,113 2,008 5.2% 2,044 3.4% 4,337 3,863 12.3% 4,252 2.0% 9,353 8,649 8.1% 8,803 6.2% 21.0 21.1 -0.1% 20.8 0.2% 876 604 45.0% 937 -6.5% 10,229 9,253 10.5% 9,740 5.0% 2,854 2,737 4.3% 2,816 1.3% 7,375 6,516 13.2% 6,924 6.5% 7,364 6,506 13.2% 6,921 6.4% 17.76 15.71 13.1% 16.70 6.4% 17.74 15.68 13.2% 16.68 6.4% 23.00 21.00 9.5% - - Profit before income taxes Income tax expense Net Profit (before non-controlling interests) Net Profit (after non-controlling interests) Basic EPS (₹) Diluted EPS (₹) Dividend Per Share (₹) Consolidated statement of Comprehensive Income for six months ended, (Extracted from IFRS Financial Statement) In ₹ crore, except per equity share data Particulars Sep 30, 2025 Sep 30, 2024 Growth % Revenues Cost of sales Gross Profit Operating Expenses: Selling and marketing expenses Administrative expenses Total Operating Expenses Operating Profit 86,769 80,300 8.1% 60,025 55,651 7.9% 26,744 24,649 8.5% 4,431 3,792 16.9% 4,156 3,920 6.0% 8,587 7,712 11.3% 18,157 16,937 7.2% 20.9 21.1 -0.2% 1,813 1,337 35.6% 19,970 18,274 9.3% 5,670 5,384 5.3%", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "468d1443b9e9eb70"}, {"chunk_id": "88c51c112d667d54", "content": "Administrative expenses Total Operating Expenses Operating Profit 86,769 80,300 8.1% 60,025 55,651 7.9% 26,744 24,649 8.5% 4,431 3,792 16.9% 4,156 3,920 6.0% 8,587 7,712 11.3% 18,157 16,937 7.2% 20.9 21.1 -0.2% 1,813 1,337 35.6% 19,970 18,274 9.3% 5,670 5,384 5.3% 14,300 12,890 10.9% 14,285 12,874 11.0% 34.47 31.09 10.9% 34.41 31.02 10.9% 23.00 21.00 9.5% Diluted EPS (₹) Dividend Per Share (₹) Profit before income taxes Income tax expense Net Profit (before non-controlling interests) Net Profit (after non-controlling interests) Basic EPS (₹) (1) Other income is net of Finance Cost As the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures reported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "468d1443b9e9eb70"}, {"chunk_id": "d2906425f0f2dcf5", "content": "[OCR] Deloitte Chartered Accountants Prestige Trade Tower, Level 19 Haskins & Sells LLP 46, Palace Road, High Grounds Bengaluru-560 001 Karnataka; India +91 80 6188 6000 Tel: - +91 80 6188 6011 Fax: INDEPENDENT AUDITOR'S REPORT ON AUDIT OF QUARTERLY AND HALF YEARLY CONSOLIDATED FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF INFOSYS LIMITED Opinion We have audited the accompanying statement of Consolidated Financial Results of INFOSYS and its subsidiaries (the Company and its subsidiaries together (the \"Company' LIMITED referred to as the \"Group\") for the quarter and half year ended September 30, 2025 (the \"Statement\") , being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing and Disclosure Requirements) Obligations Regulations, 2015, as amended (the \"LODR Regulations\") In our opinion and to the best of our information and according to the explanations given to uS, the Statement: includes the financial results of the subsidiaries as given in the Annexure to this report; (i) is   presented of Regulation (ii) accordance LODR requirements the 33 of the in with Regulations; and gives a true and fair view in conformity with the (iii) recognition and measurement principles laid down in the Indian Accounting Standard 34 \"Interim Financial Reporting (\"Ind AS 34\") prescribed under section 133 of the Companies Act, 2013 (the Act\" read with relevant rules issued thereunder and other accounting principles generally accepted in", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cb6e9963bf0119c4"}, {"chunk_id": "814cf3c20e153d19", "content": "(\"Ind AS 34\") prescribed under section 133 of the Companies Act, 2013 (the Act\" read with relevant rules issued thereunder and other accounting principles generally accepted in India of the consolidated net profit and consolidated other comprehensive income and other financial information of the Group for the quarter and half year ended September 30, 2025. Basis for Opinion We conducted our audit in accordance with the Standards on Auditing (\"SA\"s) specified under Section 143(10) of the Act_ Our responsibilities under those Standards are further described in Auditor's Responsibilities for audit of the consolidated financial results section of our report; We are independent of the Group in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (\"ICAI\") together with the ethical requirements that are relevant to our audit of the consolidated financial results for the quarter and half year ended September 30, 2025 under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI's Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion. Management's and Board of Directors' Responsibilities for the Statement The Statement, which includes the Consolidated Financial Results is the responsibility of the", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cb6e9963bf0119c4"}, {"chunk_id": "594f2cf987bcc22e", "content": "to provide a basis for our audit opinion. Management's and Board of Directors' Responsibilities for the Statement The Statement, which includes the Consolidated Financial Results is the responsibility of the Company's Board of Directors and has been approved by them for the issuance: The Statement compiled has been from the related audited condensed consolidated interim financial months and statements for the three months ended September 30 , 2025. This six responsibility includes the preparation and presentation of the Statement that give a true and fair view of the consolidated net profit and consolidated other comprehensive income and other financial  information of the Group in the recognition accordance with and measurement principles laid down in the Ind AS 34, prescribed 133 of the Act, read with under Section relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations: Regd: Office: One International Center, Tower 3, 31st floor; Senapati Bapat Marg; Elphinstone Road (West) Mumbai-400 013, Maharashtra; India_ Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identification No: AAB-8737", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cb6e9963bf0119c4"}, {"chunk_id": "1301f9006659b9ab", "content": "[OCR] Deloitte Haskins & Sells LLP The respective Board of Directors of the companies included in the Group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for and for preventing and detecting safeguarding frauds and other assets of the Group the irregularities; selection and application of appropriate accounting policies; making judgments and reasonable and estimates that and prudent; and the design, implementation are operating   effectively financial   controls, for of   adequate maintenance that internal were ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the respective financial results that give a true and fair view and are free have material misstatement, whether due to fraud or error, which been used for the from purpose of preparation of this Statement by the Directors of the Company, as aforesaid_ the Consolidated Financial Results, In preparing Board of Directors of the respective the companies included in the Group are responsible for assessing the ability of the respective going concern, disclosing, entities to continue as as applicable, matters related to going basis of accounting and using the going the respective Board of unless concern concern Directors either intends to liquidate their respective entities or to cease operations, or has no realistic alternative but to do so_ companies included in the Group are responsible for the The respective Board of Directors of", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 9, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f725b5e3ff52b865"}, {"chunk_id": "c70edcc348394459", "content": "realistic alternative but to do so_ companies included in the Group are responsible for the The respective Board of Directors of overseeing the financial reporting process of the Group. Auditor's Responsibilities for audit of the Consolidated Financial Results for the quarter and 30 , half year ended September 2025 Our objectives are to obtain reasonable assurance about whether the Consolidated Financial Results for the quarter and half vear ended September 30, 2025, as a whole are free from material misstatement; whether due to fraud error, and to issue an auditor's report that or includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Consolidated Financial Results As part of an audit in accordance with SAS, we exercise professional judgment and maintain professional skepticism throughout the audit: We also: Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 9, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f725b5e3ff52b865"}, {"chunk_id": "e21ec765134f427c", "content": "fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting misstatement resulting from fraud is higher than for one material involve   collusion, forgery , intentional   omissions; resulting from error, fraud may as misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures appropriate of that the circumstances, but not for the purpose are in expressing an opinion on the effectiveness of such controls of accounting  policies Evaluate used and the reasonableness of the appropriateness accounting estimates made by the Board of Directors. Evaluate the appropriateness and reasonableness of disclosures made by the Board of requirements   specified LODR Directors of the under Regulation 33 of the in terms Regulations. [OCR] Deloitte Haskins & Sells LLP Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty significant doubt on the ability of the exists related to events or conditions that may cast a going concern. If we conclude that a material uncertainty exists Group to continue as we are required to draw attention in our auditor'$ report to the related disclosures in the", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 9, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f725b5e3ff52b865"}, {"chunk_id": "386babdd3ca1722c", "content": "a going concern. If we conclude that a material uncertainty exists Group to continue as we are required to draw attention in our auditor'$ report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report: However, future events or conditions may cause the Group to cease to continue as a going concern Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represent the underlying transactions and events in a manner that achieves fair presentation: Perform procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the LODR Regulations to the extent applicable: Obtain sufficient appropriate audit evidence regarding the Financial Information of the entities within the Group to express an opinion on the Statement: We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the Statement of which we are the independent auditors. Materiality Statement that, individually the magnitude of misstatements in the in is or aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user We consider quantitative materiality and qualitative be influenced. of the Statement may", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 9, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f725b5e3ff52b865"}, {"chunk_id": "5cd90306108329b9", "content": "misstatements in the in is or aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user We consider quantitative materiality and qualitative be influenced. of the Statement may factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Statement: We communicate with those charged with governance of the Company and such other entities included in the Statement of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings including any significant deficiencies in internal control that we identify during our audit_ We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate them all with relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards_ For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm'$ Registration No. 117366W/W-100018) d ce ' Vikas Bagaria Partner (Membership No. 060408) UDIN: Place: Bengaluru Date: October 16, 2025", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 9, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f725b5e3ff52b865"}, {"chunk_id": "5f7c685793741c83", "content": "[OCR] Deloitte Haskins & Sells LLP Annexure to Auditor's Report List of Entities: Infosys Technologies (China) Co Limited Infosys Technologies S. de R. L. de C, V. Infosys Technologies (Sweden) AB Infosys Technologies (Shanghai) Company Limited Infosys Nova Holdings LLC EdgeVerve Systems Limited Infosys Austria GmbH Skava Systems Private Limited (liquidated effective November 14, 2024) Infosys Chile SpA Infosys Arabia Limited (under liquidation) 10. Infosys Consulting Ltda_ M. 12. Infosys Luxembourg S.a.r | Infosys Americas Inc: (liquidated effective July 14, 2023) 13 Infosys Public Services, Inc: USA 14. Infosys BPM Limited 15. Infosys (Czech Republic) Limited s.r.o 16. Infosys Poland Sp 2.0.0 17. Infosys McCamish Systems LLC 18. Pty Portland Group Ltd 19. Infosys BPO Americas LLC: 20 . Infosys Consulting Holding AG 21 . Infosys Management Consulting Pty 22 . Limited Infosys Consulting AG 23 . Infosys Consulting GmbH 24 Infosys Consulting S.R.L (Romania) (Renamed as Infosys Romania SRL) 25_ Infosys Consulting SAS 26. Infy Consulting Company Ltd_ 27_ Infy Consulting B.V 28. Infosys Consulting S.R.L (Argentina) 29. Infosys Consulting 30. Belgium) NV Panaya Inc: 31. Infosys Financial Services GmbH 32. Panaya Ltd. 33 . Holdings Limited (under liquidation) Brilliant Basics 34. [OCR] Deloitte Haskins & Sells LLP Brilliant Basics Limited (under liquidation) 35. Infosys Singapore Pte. Ltd_ 36. Infosys Middle East FZ LLC 37 . Fluido Oy 38. Fluido Sweden AB 39. Fluido Norway AS 40. 41 . Fluido Denmark A/S 42. Fluido Slovakia S.r.0", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "50e6bfb06f6cdad2"}, {"chunk_id": "cbac170ab393b601", "content": "Brilliant Basics Limited (under liquidation) 35. Infosys Singapore Pte. Ltd_ 36. Infosys Middle East FZ LLC 37 . Fluido Oy 38. Fluido Sweden AB 39. Fluido Norway AS 40. 41 . Fluido Denmark A/S 42. Fluido Slovakia S.r.0 Infosys Compaz Pte_ 43 Infosys South Africa (Pty) Ltd 44. 01, 45. WongDoody, Inc, merged into Infosys Nova Holdings LLC with effect from January 2025 HIPUS Co., Ltd. 46. Stater N.V_ 47. Stater Nederland B.V_ 48, Stater XXL BV_ 49. HypoCasso B.V. 50, (wholly owned subsidiary of Stater N.V. Stater Participations B.V merged with Stater 51. N.V. with effect from November 24, 2023) wholly owned subsidiary of Stater Participations 52 Stater Belgium N.V /S.A (formerly B.V., became the wholly owned subsidiary of Stater N.V. with effect from November 24, 2023) dba Simplus (US), merged into Infosys Nova Holdings LLC with Outbox systems Inc: 53_ effect from January 01, 2025 Simplus ANZ Pty Ltd. 54. 55. Simplus Australia Pty Ltd Simplus Philippines, Inc; 56. Infosys Fluido UK, Ltd_ 57. Infosys Fluido Ireland, Ltd_ 58 Infosys Limited Bulgaria EOOD 59. Infosys BPM UK Limited 60. Blue Acorn iCi Inc: , merged into InfoSys Nova Holdings LLC with effect from January 01, 6]. 2025 merged into Infosys Nova Holdings LLC with effect from Kaleidoscope Animations, Inc, 62 01, January 2025 Kaleidoscope Prototyping LLC (liquidated effective November 1, 2023) 63_ GuideVision s.r.o 64_ GuideVision Deutschland GmbH 65. GuideVision Suomi Oy 66_ GuideVision Magyarorszag Kft 67. [OCR] Deloitte", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "50e6bfb06f6cdad2"}, {"chunk_id": "b1fa2d6c53fb5399", "content": "January 2025 Kaleidoscope Prototyping LLC (liquidated effective November 1, 2023) 63_ GuideVision s.r.o 64_ GuideVision Deutschland GmbH 65. GuideVision Suomi Oy 66_ GuideVision Magyarorszag Kft 67. [OCR] Deloitte Haskins & Sells LLP GuideVision Polska Sp. 68. 2.0.0 Infosys Business Solutions LLC 69, Infosys Germany GmbH owned  subsidiary of Infosys Singapore Pte   Limited (wholly 70. merged into Infosys Germany SE (formerly as Blitz 24-893 SE) effective from known September 24, 2025) GuideVision UK Ltd (under liquidation) 71 . Infosys Turkey Bilgi Teknolojileri Limited Sirketi 72. Infosys Germany Holding Gmbh 73 . Infosys Automotive and Mobility GmbH & Co. KG 74. Stater GmbH 75. Infosys Green Forum 76. Infosys (Malaysia) SDN. BHD 77 . oddity space GmbH, merged into WongDoody GmbH (formerly known as oddity GmbH) 78. with effect from September 29, 2023 oddity jungle GmbH merged into WongDoody GmbH (formerly known as oddity GmbH) 79 , with effect from September 29, 2023 oddity waves GmbH merged into WongDoody GmbH (formerly known as oddity GmbH) 80. with effect from September 29, 2023 oddity group Services GmbH merged into WongDoody GmbH (formerly known as oddity 81 . GmbH) with effect from September 29, 2023 oddity code GmbH merged into WongDoody GmbH (formerly known as oddity GmbH) with 82 effect from September 29, 2023 WongDoody d.o.o. (formerly known as oddity code d.0.0) which was formerly a subsidiary 83_ subsidiary of Wongdoody Gmbh (formerly known as", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "50e6bfb06f6cdad2"}, {"chunk_id": "b71b6468b73f8f9c", "content": "82 effect from September 29, 2023 WongDoody d.o.o. (formerly known as oddity code d.0.0) which was formerly a subsidiary 83_ subsidiary of Wongdoody Gmbh (formerly known as of oddity Code GmbH has become oddity GmbH) with effect from September 29, 2023 WongDoody GmbH (formerly known as Oddity GmbH) 84_ WongDoody (Shanghai) Co. Limited (formerly known as oddity (Shanghai) Co. Ltd.) 85 , WongDoody Limited (Taipei) (formerly known as oddity Limited (Taipei) 86_ Infosys Public Services Canada Inc: 87. BASE life science A/S 88 BASE life science AG 89. BASE life science GmbH 90. BASE life science Ltd, 91. BASE life science S.A.S 92 BASE life science S.rl. 93_ Innovisor Inc. 94. BASE life science Inc: 95_ BASE life science S.L' 96. Panaya Germany GmbH 97_ Infosys Norway 98_", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "50e6bfb06f6cdad2"}, {"chunk_id": "3f926301ba62c625", "content": "[OCR] Deloitte Haskins & Sells LLP Infosys BPM Canada Inc: (Wholly-owned subsidiary of Infosys BPM Limited) which was 99, incorporated on August 11, 2023 has been dissolved on March 15, 2024 Private Limited acquired by Infosys Limited Danske IT and Support Services India 100. on September 1, 2023 (Renamed as Idunn Information Technology Private Limited with effect from April 1, 2024) Technology Services Pvt: Ltd. acquired by Infosys limited on May 10, 2024 101. InSemi (a wholly owned subsidiary of InSemi Technology Services Elbrus Labs Private Limited 102_ Pvt. Ltd.) acquired by Infosys limited on May 10, 2024 Infosys Services (Thailand) Limited, Wholly-owned subsidiary of Infosys Limited was 103 . incorporated on July 26, 2024 Wholly-owned   subsidiary of   Infosys  Singapore Infy tech SAS, Pte Limited 104. was incorporated on July 03, 2024. in-tech Holding GmbH (acquired by Infosys Germany GmbH, a wholly owned subsidiary of 105_ Limited (a wholly owned subsidiary of Infosys Limited) on July 17_ Infosys Singapore Pte_ 2024 merged into in-tech GmbH with effect from January 01, 2025. in-tech GmbH (Subsidiary of in-tech Holding GmbH) (acquired by Infosys Germany GmbH, 106. a wholly owned subsidiary of Infosys Singapore Pte: Limited (a wholly owned subsidiary of Infosys Limited) on July 17, 2024) in-tech Automotive Engineering SL (Subsidiary of in-tech GmbH) (acquired by Infosys Germany GmbH; a wholly owned subsidiary of Infosys Singapore Pte_ wholly Limited", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2453ccaa5883b310"}, {"chunk_id": "320a188a99dcdffc", "content": "of Infosys Limited) on July 17, 2024) in-tech Automotive Engineering SL (Subsidiary of in-tech GmbH) (acquired by Infosys Germany GmbH; a wholly owned subsidiary of Infosys Singapore Pte_ wholly Limited owned subsidiary of Infosys Limited) on July 17, 2024) ProIT (Subsidiary of in-tech GmbH) (acquired by Infosys Germany GmbH, a wholly owned 108. subsidiary of Infosys Singapore Pte_ Limited (a wholly owned subsidiary of Infosys Limited) July 17, 2024) on in-tech Automotive Engineering de R.L. de C.V (Subsidiary of in-tech GmbH) (acquired by 109_ Infosys Germany GmbH; wholly owned subsidiary of Infosys Singapore Pte_ Limited (a wholly owned subsidiary of Infosys Limited) on July 17, 2024) (liquidated effective May 07, 2025) drivetech Fahrversuch GmbH (Subsidiary of in-tech GmbH) (acquired by Infosys Germany 10. GmbH, wholly owned subsidiary of Infosys Singapore Pte. Limited (a wholly owned subsidiary of Infosys Limited) on July 17, 2024) Friedrich Wagner Holding Inc (Subsidiary of in-tech GmbH) (acquired by Infosys Germany . of Infosys Singapore owned subsidiary GmbH, wholly Pte: Limited (a wholly owned subsidiary of Infosys Limited) on July 17, 2024) (under liquidation) Automotive Engineering in-tech LLC (Subsidiary of Friedrich Wagner Holding Inc) 112. (acquired by Infosys Germany GmbH, a wholly owned subsidiary of Infosys Singapore Pte Limited owned subsidiary of Infosys Limited) on July 17, 2024) a wholly (liquidated effective November 30, 2024)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2453ccaa5883b310"}, {"chunk_id": "a4f8193e265f1923", "content": "Wagner Holding Inc) 112. (acquired by Infosys Germany GmbH, a wholly owned subsidiary of Infosys Singapore Pte Limited owned subsidiary of Infosys Limited) on July 17, 2024) a wholly (liquidated effective November 30, 2024) in-tech Services LLC (Subsidiary of Friedrich Wagner Holding Inc) (acquired by Infosys 113 . wholly owned subsidiary of Infosys Singapore Pte Limited (a wholly Germany GmbH, owned subsidiary of Infosys Limited) on July 17, 2024) (liquidated effective November 30, 2024) Friedrich & Wagner Asia Pacific GmbH (Subsidiary of in-tech GmbH) (acquired by Infosys 114- a wholly owned subsidiary of Infosys Singapore Pte. Limited Germany GmbH, a wholly owned subsidiary of Infosys Limited) on July 17, 2024) merged into in-tech GmbH with effect from January 01, 2025. [OCR] Deloitte Haskins & Sells LLP in-tech engineering s.r.o (Subsidiary of Friedrich & Wagner Asia Pacific GmbH) (acquired 15. wholly owned subsidiary of Infosys Singapore Pte_ by Infosys Germany GmbH, Limited wholly owned subsidiary of Infosys Limited) on July 17, 2024) in-tech engineering GmbH (Subsidiary of Friedrich & Wagner Asia Pacific GmbH) (acquired wholly owned subsidiary of Infosys Singapore Pte by Infosys Germany GmbH, Limited (a wholly owned subsidiary of Infosys Limited) on July 17 2024) in-tech engineering services S.R.L (Subsidiary of Friedrich & Wagner Asia Pacific GmbH) 17. (acquired by Infosys Germany GmbH, a wholly owned subsidiary Of Infosys Singapore Pte", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2453ccaa5883b310"}, {"chunk_id": "c984ce2586c8e1af", "content": "July 17 2024) in-tech engineering services S.R.L (Subsidiary of Friedrich & Wagner Asia Pacific GmbH) 17. (acquired by Infosys Germany GmbH, a wholly owned subsidiary Of Infosys Singapore Pte Limited (a wholly owned subsidiary of Infosys Limited) on July 17_ 2024) Pacific GmbH) (acquired by in-tech Group Ltd (Subsidiary & Wagner Asia of Friedrich 118. Infosys Germany GmbH, a wholly owned subsidiary of Infosys Singapore Pte. Limited (a wholly owned subsidiary of Infosys Limited) on July 17, 2024) 119. in-tech Group India Private Limited (Subsidiary of in-tech Group Ltd) (acquired by Infosys Germany GmbH, wholly owned subsidiary of Infosys Singapore Pte. Limited a wholly subsidiary of Infosys Limited) on July 17, 2024). On September 01, 2024 in-tech owned wholly-owned subsidiary of Infosys limited_ Group India Private Limited became Engineering Shenyang Co. (Subsidiary of Friedrich & Wagner Asia In-tech Automotive 120. Pacific GmbH) (acquired by Infosys Germany GmbH, a wholly owned subsidiary Of Infosys Singapore Pte. Limited (a wholly owned subsidiary of Infosys Limited) on July 17, 2024) Bejing   Co., Ltd (Subsidiary of In-tech Automotive 121 . In-tech Automotive Engineering by  Infosys GmbH; wholly Engineering   Shenyang Co.) acquired owned Germany subsidiary of Infosys Singapore Pte. Limited (a wholly owned subsidiary of Infosys Limited) July 17 , 2024) on Infosys Employees Welfare Trust 122_ Infosys Employee Benefits Trust 123 , Infosys Science Foundation 124- Infosys Expanded Stock Ownership Trust 125 .", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2453ccaa5883b310"}, {"chunk_id": "ac6098e761c31b54", "content": "Limited (a wholly owned subsidiary of Infosys Limited) July 17 , 2024) on Infosys Employees Welfare Trust 122_ Infosys Employee Benefits Trust 123 , Infosys Science Foundation 124- Infosys Expanded Stock Ownership Trust 125 . Infosys Germany SE (formerly known as Blitz 24-893 SE) acquired by Infosys Singapore 126_ Pte Ltd on October 17 2024 Infosys Limited SPC, Wholly-owned subsidiary of Infosys Limited was incorporated 127 . on December 12, 2024. a Wholly-owned subsidiary of Infosys BPM Limited was Infosys BPM Netherlands B.V 128_ incorporated on March 20, 2025. Wholly-owned   subsidiary of Infosys Infosys Energy Nova Consulting Services LLC, 129_ Holding LLC was incorporated on April 16, 2025. Infosys Saudi Arabia LLC, a Wholly-owned subsidiary of Infosys Limited was incorporated 130_ on April 21, 2025. Wholly-owned  subsidiary Pty Australia  Technology Infosys of Infosys Services 131 . Ltd, Singapore Pte. Limited was incorporated on April 23, 2025_ MRE Consulting Ltd (acquired by Infosys Nova Holding LLC (a Wholly-owned subsidiary of 132- Infosys Limited) with 98.21% partnership interest and Infosys Energy Consulting Services Nova Holding owned subsidiary of Infosys LLC) with 1.79% partnership LLC (a wholly interest on April 30, 2025.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2453ccaa5883b310"}, {"chunk_id": "cfd6d99b0adbe20c", "content": "[OCR] Deloitte Haskins & Sells LLP MRE Technology subsidiary MRE Consulting Services LLC of Ltd) (a Wholly-owned 133 . (acquired by Infosys Nova Holding LLC (a Wholly-owned subsidiary of Infosys Limited) with 98.21% partnership interest and Infosys Energy Consulting Services LLC (a wholly owned subsidiary of Infosys Nova Holding LLC) with 1.799 partnership interest on April 30, 2025. The Missing Link Automation Pty Ltd (acquired by Infosys Australia Technology Services 134_ a Wholly-owned subsidiary of Infosys Singapore Pte: Limited (a wholly owned Pty Ltd, subsidiary of Infosys Limited) on April 30, 2025. The Missing Link Network Integration Pty Ltd (acquired by Infosys Australia Technology 135_ Wholly-owned subsidiary of Infosys Singapore Pte. Limited (a wholly Services Pty Ltd, owned subsidiary of Infosys Limited) on April 30, 2025. 136. The Missing Link Security Pty Ltd (acquired by Infosys Australia Technology Services Pty Wholly-owned  subsidiary of  Infosys Singapore (a wholly Ltd, Limited Pte owned subsidiary of Infosys Limited) on April 30, 2025. The Missing Link Security Ltd (a Wholly-owned subsidiary of The Missing Link Security Pty 137_ Australia   Technology Infosys (acquired Services Ltd) by Pty Ltd, Wholly-owned subsidiary of Infosys Singapore Pte_ Limited (a wholly owned subsidiary of Infosys Limited) on April 30, 2025. Infosys Wholly-owned subsidiary of Infosys BPM Canada Inc, 138, BPM UK Limited was incorporated on July 28, 2025. [OCR] Deloitte Chartered Accountants", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "68d3ac19dab6438e"}, {"chunk_id": "ee85502e3752b8da", "content": "Limited (a wholly owned subsidiary of Infosys Limited) on April 30, 2025. Infosys Wholly-owned subsidiary of Infosys BPM Canada Inc, 138, BPM UK Limited was incorporated on July 28, 2025. [OCR] Deloitte Chartered Accountants Prestige Trade Tower; Level 19 46, Palace Road, High Grounds Haskins & Sells LLP Bengaluru-560 001 Karnataka, India Tel: +91 80 6188 6000 80 6188 6011 Fax: +91 INDEPENDENT AUDITOR'S REPORT ON THE AUDIT OF QUARTERLY AND HALF YEARLY STANDALONE FINANCIAL RESULTS To THE BOARD OF DIRECTORS OF INFOSYS LIMITED Opinion We have audited the accompanying statement of Standalone Financial Results of INFOSYS 'Company\") for the quarter and half year ended September 30 LIMITED (the 2025 (the being submitted by the Company pursuant to the requirements of Regulation 33 \"Statement of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended 'LODR Regulations\"). (the In our opinion and to the best of our information and according to the explanations given to US, the statement: of  Regulation requirements 33 of the LODR presented (i) in accordance with the is Regulations; and gives a true and fair view in conformity with the recognition and measurement principles (ii) (\"Ind AS laid down in the Indian Accounting Standard 34 \"Interim Financial Reporting\" 133 of the Companies Act, 2013 (the \"Act\" 34\") prescribed under section read with relevant rules issued thereunder and other accounting principles generally accepted in", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "68d3ac19dab6438e"}, {"chunk_id": "7d648a27e45b3595", "content": "133 of the Companies Act, 2013 (the \"Act\" 34\") prescribed under section read with relevant rules issued thereunder and other accounting principles generally accepted in India of the net profit and other comprehensive income and other financial information of the Company for the quarter and half year ended September 30, 2025 Basis for Opinion We conducted our audit of the Statement in accordance with the Standards on Auditing (\"SA\"s) specified under Section 143(10) of the Act_ Our responsibilities under those Standards are further described in Auditor's Responsibilities for the Audit of the Standalone Financial Results We are independent of the Company in accordance with the Code of section of our report. Ethics issued by the Institute of Chartered Accountants of India (\"ICAI\") together with the ethical requirements that are relevant to ur audit of the Standalone Financial Results for the quarter and half year ended September 30, 2025 under the provisions of the Act and the Rules thereunder, and have fulfilled our other ethical responsibilities in accordance with these we We believe that the audit evidence obtained by uS requirements and the ICAIs Code of Ethics_ is sufficient and appropriate to provide a basis for our audit opinion: for Management's and Board of Directors' Responsibilities the Statement The Statement; which includes the Standalone Financial Results is the responsibility of the", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "68d3ac19dab6438e"}, {"chunk_id": "ef127172d83c1c8d", "content": "for Management's and Board of Directors' Responsibilities the Statement The Statement; which includes the Standalone Financial Results is the responsibility of the Company's Board of Directors and has been approved by them for the issuance. The Statement has been compiled from the related audited interim condensed standalone financial statements for the three months and six months ended September 30, 2025. This responsibility includes the preparation and presentation of the Standalone Financial Results for the quarter and half a true and fair view of the net profit and other year ended September 30, 2025 that give comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in the Ind AS 34, prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the LODR Regulations; This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and Regd. Office: One International Center, Tower 3, 31st floor, Senapati Bapat Marg: Elphinstone Road (West); Mumbai-400 013, Maharashtra, India Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identification No: AAB-8737", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "68d3ac19dab6438e"}, {"chunk_id": "f037b5b98c939770", "content": "[OCR] Deloitte Haskins & Sells LLP of appropriate accounting policies; making selection and application other  irregularities; design, implementation the judgments and estimates that are reasonable and prudent; and financial controls, that were operating effectively for and maintenance of adequate internal ensuring the accuracy and completeness of the accounting records, relevant to the preparation material from a true and fair view and is free and presentation of the Statements that give misstatement; whether due to fraud or error. responsible for  assessing the Statement; the Board of Directors In preparing the are Company's ability, to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do SO . The Board of Directors are also responsible for overseeing the financial reporting process of the Company. for Auditor's Responsibilities Financial Results for the Standalone audit of the quarter and half year ended September 30, 2025 Our objectives are to obtain reasonable assurance about whether the Statement as a whole is material misstatement, whether due to fraud or error, and to issue an auditor's free from report that includes our opinion. Reasonable assurance is a high level of assurance but is not with SAs will always detect material", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5d459084610f37d0"}, {"chunk_id": "7c5556898aeadd5c", "content": "auditor's free from report that includes our opinion. Reasonable assurance is a high level of assurance but is not with SAs will always detect material guarantee that an audit conducted in accordance misstatement when it exists. Misstatements can arise from fraud or error and are considered or in the aggregate, they could reasonably be expected to influence material if, individually the economic decisions of users taken on the basis of these Standalone Financial Results_ we exercise professional judgment and maintain SAS, As part of an audit in accordance with professional skepticism throughout the audit: We also: Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting intentional omissions, collusion, forgery, from fraud involve error, may as misrepresentations, r the override of internal control, Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of such controls_ of  accounting  policies reasonableness of the appropriateness used and the Evaluate accounting estimates made by the Board of Directors.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5d459084610f37d0"}, {"chunk_id": "4499fecdfd7717d2", "content": "an opinion on the effectiveness of such controls_ of  accounting  policies reasonableness of the appropriateness used and the Evaluate accounting estimates made by the Board of Directors. and reasonableness of disclosures made by the Board of Evaluate the appropriateness requirements   specified of the LODR Regulation under 33 Directors of the in terms Regulations. Conclude on the appropriateness of the Board of Directors' use of the going concern basis a material uncertainty of accounting and, based on the audit evidence obtained, whether exists related to events or conditions that may cast significant doubt on the ability of the Company to continue as a going concern: If we conclude that a material uncertainty exists, required to draw attention in our auditor's report to the related disclosures in the we are or, if such disclosures are inadequate, to modify our opinion. Our conclusions Statement are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern. [OCR] Deloitte Haskins & Sells LLP Evaluate the overall presentation, structure and content of the Statement; including the disclosures, and whether the Statement represent the underlying transactions and events in a manner that achieves fair presentation. Obtain sufficient appropriate audit evidence regarding the Statement to express an opinion on the Statement:", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5d459084610f37d0"}, {"chunk_id": "3170b10ed3d4e084", "content": "in a manner that achieves fair presentation. Obtain sufficient appropriate audit evidence regarding the Statement to express an opinion on the Statement: the Statement that, individually in magnitude of misstatements in or Materiality is the aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user and qualitative consider quantitative materiality be influenced_ of the Statement We may factors in () planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Statement- We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings including any significant deficiencies in internal control that we identify during our audit We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding  independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, safeg juards_ and where applicable, related For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm's Registration No. 117366W/W-100018) l vikas Bagaria Partner (Membership No. 060408) UDIN: Place: Bengaluru Date: October 16, 2025", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5d459084610f37d0"}, {"chunk_id": "f90a6a3e11c1cacd", "content": "[OCR] Q2 FY 26 Infosys\" Financial Results Navigate your next Infosys Limited CIN : L85110KA1981PLC013115 Regd. Office: Electronics City, Hosur Road, Bengaluru 560 100, India. Telephone: 91 80 2852 0261; Website: WWW infosys com;_Email: investors@infosys com; Fax: 91.80 2852 0362 Statement of Consolidated Audited Results of Infosys Limited and its subsidiaries for the quarter and half-year ended September 30, 2025 prepared in compliance with the Indian Accounting Standards (Ind-AS) (in < crore; equity share data) except per Year ended Half-year Quarter Quarter Quarter March 31, ended ended ended ended September 30, September 30, June 30, September 30, Particulars 2025 2024 2025 2025 2025 2024 Audited Audited Audited Audited Audited Audited 42,279 40,986 86,769 80,300 162,990 44,490 Revenue from operations 712 2,024 1,551 982 1,042 3,600 Other income net 43,321 88,793 81,851 166,590 45,472 41,698 Total Income Expenses 85,9501 23,438 22,847 21,564 42,498 46,284 Employee benefit expenses 6,359 12,937 3,879 3,497 3,190 7,376 Cost of technica sub-contractors 539 516 458 1,055 936 1,894 Travel expenses 3,949 7,771 7,404 15,911 3,746 4,025 Cost of software packages and others 169 303 316 620 160 144 Communication expenses 943 895 464 451 1,655 480 Consultancy and professional charges 2,323 2,310 4,812 1,182 1,140 1,160 Depreciation and amortisation expenses 214 106 105 211 108 Finance cost 2,645 4,787 1,122 1,3961 2,557 434 Other expenses 128,982 35,243 33,581 32,4451 68,823 63,577 Total expenses 19,970 18,274 37,608 10,229 9,7401 9,253 Profit before tax Tax expense: 6,232 6,144 12,130 3,178 3,053 3,1461 Current tax (760) (1,272) (324) (237, (409) (562 Deferred tax 12,890 26,750 7,375 6,924 6,5161 14,300 Profit for the period", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6cad36f5a3be12cd"}, {"chunk_id": "e61bbaa8bfb6aac0", "content": "128,982 35,243 33,581 32,4451 68,823 63,577 Total expenses 19,970 18,274 37,608 10,229 9,7401 9,253 Profit before tax Tax expense: 6,232 6,144 12,130 3,178 3,053 3,1461 Current tax (760) (1,272) (324) (237, (409) (562 Deferred tax 12,890 26,750 7,375 6,924 6,5161 14,300 Profit for the period Other comprehensive income Items that will not be reclassified subsequently t0 profit or loss (92 (70) (108) Remeasurement of the net defined benefit liabilitylasset; net 35 Equity instruments through other comprehensive income net Items that will be reclassified subsequently t0 profit or loss hedges, net (21) 24) Fair value changes on derivatives designated as cash flow (24 1,019 560 1,881 456 357 Exchange differences on translation of foreign operations 862 123 126 199 Fair value changes on investments, (34) net 459 1,113 1,895 661 782 694 Total other comprehensive incomellloss), net of tax 7,210 13,551 27,209 Total comprehensive income for the period 8,157 8,037 Profit attributable to: 14,285 12,874 26,7131 6,506 7,364 6,921 Owners of the company 37 15 16 10 Non-controlling interests 6,516 14,300 12,890 26,7501 7,375 6,924 Total comprehensive income attributable to: 7,190 16,165 13,527 27,167 8,024 Owners of the company 8,140 20 24 42 30 Non-controlling interests 7,210 16,195 13,551 27,209 8,157 8,037 2,073 Paid up share capital (par value 5/- each, fully paid) 2,074 2,074 2,072 2,074 2,072 93,7451 86,045 93,745 93,745 93,745 86,045 Other equity Earnings per equity share (par value €5/- each)\"* 31.09 64.50 17.76 16.70 15.71 34.47 Basic (in per share) 31.02 64.34 17.74 16.68 15.68 34.41 Diluted (in per share)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6cad36f5a3be12cd"}, {"chunk_id": "a83d2a2f5bfb23e4", "content": "2,074 2,074 2,072 2,074 2,072 93,7451 86,045 93,745 93,745 93,745 86,045 Other equity Earnings per equity share (par value €5/- each)\"* 31.09 64.50 17.76 16.70 15.71 34.47 Basic (in per share) 31.02 64.34 17.74 16.68 15.68 34.41 Diluted (in per share) Balances for the quarter and half year ended September 30, 2025 and quarter ended June 30, 2025 represent balances as per the audited Balance Sheet as at March 31, 2025 balances for and the quarter and half year ended September 30, 2024 represent balances as per the audited Balance Sheet as at March 31, 2024 as required by SEBI (Listing and Other Disclosure Requirements) Regulations; 2015 half year ended September 30, 2024. EPS is not annualized for the quarter and half year ended September 30, 2025, quarter ended June 30, 2025 and quarter and Excludes non-controlling interest a) The audited interim condensed consolidated financial statements for the quarter and half year ended September 30, 2025 have been taken on record by the Board of Directors at its meeting held Deloitte Haskins & Sells LLP have expressed an unmodified audit opinion. The information presented above is extracted from the audited October 16, 2025. The statutory auditors, on ~AS) as (Ind- Those interim condensed consolidated financial statements are prepared in accordance with the Indian Accounting Standards interim condensed consolidated financial statements_", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6cad36f5a3be12cd"}, {"chunk_id": "9cf53b123bdd8fc0", "content": "on ~AS) as (Ind- Those interim condensed consolidated financial statements are prepared in accordance with the Indian Accounting Standards interim condensed consolidated financial statements_ prescribed under Section 133 of the Companies Act; 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 relevant amendment rules thereafter. and", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6cad36f5a3be12cd"}, {"chunk_id": "8dcd19448764978d", "content": "[OCR] b) Update on employee stock grants based on the recommendations of the Nomination and Remuneration Committee, approved: The Board, on October 16,2025 Grant of 109,893 Restricted Stock Units (RSUs) under the 2015 Stock Incentive Compensation Plan (2015 Plan) to eligible employees_ Grant of Performance Based Stock incentives (PSUs) to eligible employees under the Expanded Stock Ownership Program 2019 (2019 Plan) covering the Company's Equity Shares having trading market value of <44.20 lakh as on the date of the grant: The number of PSUs will be calculated based on the market price at the close of on November 1, 2025 period of three to four years and the grants made under 2019 Plan would vest over a period of three years subject to the the The grants made under the 2015 Plan would vest equally over a Company's achievement of performance parameters as defined in the 2019 Plan. The RSUs and PSUs will be granted We November 1, 2025 and the exercise price will be equal to the par value of the share c) Proposed acquisition definitive agreement to acquire 75% of the equity share capital in Telstra Purple Pty wholly owned subsidiary of Infosys Limited, entered into On August 13, 2025, Infosys Singapore Pte. Ltd , Versent Group), Australia's leading Digital Transformation Solutions provider for a Ltd, including some of its subsidiaries (together known consideration including earn-outs and deferred", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e3b4b951d025fb67"}, {"chunk_id": "7b807b70c1d5bea9", "content": "Ltd , Versent Group), Australia's leading Digital Transformation Solutions provider for a Ltd, including some of its subsidiaries (together known consideration including earn-outs and deferred crore) , excluding retention bonus and management incentives, consideration amounting up to AUD 233 million (approximately ?1,335 subject to regulatory approvals and customary closing adjustments, d) Proposed Buyback paid-up equity shares of face value of <5/- each from the eligible equity shareholders of fully proposal for the Company to buyback its at its meeting on September 11, 2025, approved The Board approval by way of Postal Ballot: The Buyback offer if approved by shareholders would comprise a purchase of 10,00,00,000 the Company for an amount of <18,000 crore_ subject to shareholders of the Company as of June 30, 2025 (on standalone basis) at a price of <1,800/- per Equity Share. The Equity Shares comprising approximately 2.41% of the total paid ~up equity share capital be made from all eligible equity shareholders (including those who become equity shareholders on the Record date by cancelling American Depository Shares and buyback is proposed to withdrawing underlying Equity Shares) of the Company as on the Record Date (to be determined by the Boardl Buyback Committee) on a proportionate basis through the \"Tender offer\" route. The The voting for this Postal Ballot is expected to end on", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e3b4b951d025fb67"}, {"chunk_id": "6d0e47a814e33a68", "content": "The The voting for this Postal Ballot is expected to end on notice to its shareholders as of September 26, 2025 seeking the approval of the shareholders through Postal Ballot Company has sent out November 4, 2025. 2. Information on dividends for the quarter and half year ended September 30, 2025 The Board of Directors declared an interim dividend of <23/- per equity share. The record date for the payment is October 27 , 2025.The interim dividend will be paid on November 7, 2025. The interim dividend declared in the previous year was <21/- per equity share (in Half-year Year ended Quarter Quarter Quarter March 31, ended ended ended ended Particulars September 30, September 30, June 30, September 30 2025 2025 2025 2024 2024 2025 Dividend per share (par value <5/- each) 21.00 23.00 23.00 21.00 21.001 Interim dividend 22.00 Final dividend (in % crore) 3 Audited Consolidated Balance Sheet As at Particulars September 30, March 31, 2025 2025 ASSETS Non- current assets 11,778 11,596 Property, plant and equipment 6,390 6,311 Right of use assets 1,124 814 Capital work-in-progress 10,106 11,502 Goodwill 3,1681 2,766 Other Intangible assets Financial assets 10,879 11,059 Investments Loans 3,769 3,511 Other financial assets 1,526 1,1081 Deferred tax assets (net) 2,0061 622 Income tax assets (net) 2,644 2713 Other non-current assets 54,613 51,804 Total non-current assets Current assets Financial assets 12,606 12,482 Investments 33,968 31,158 Trade receivables 24,4551 31,832 Cash and cash equivalents 243 249 Loans 13,8401 14,927 Other financial assets 26 2,9751 Income tax assets (net) 12.165 11,940 Other current assets 105,767 97,099", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e3b4b951d025fb67"}, {"chunk_id": "b2a77f66e93cefd5", "content": "Current assets Financial assets 12,606 12,482 Investments 33,968 31,158 Trade receivables 24,4551 31,832 Cash and cash equivalents 243 249 Loans 13,8401 14,927 Other financial assets 26 2,9751 Income tax assets (net) 12.165 11,940 Other current assets 105,767 97,099 Total current assets 160,380 148,903 Total Assets EQUITY AND LIABILITIES Equity 2,074 2,073 Equity share capital 101,256 93,745 Other equity 95,818] 103,330 Total equity attributable to equitv holders of the Companv 385 414 Non-controlling interests 103,744 96,203 Total equity Liabilities Non-current liabilities Financial liabilities 5,772 5,983 ease liabilities 2,320 2,141 Other financial liabilities 1,688 1,722 Deferred tax liabilities (net) 247 215 Other non-current liabilities 10,238 9,850 Total non-current liabilities Current liabilities Financial liabilities 2,455 2,772 Lease liabilities 4,164 Trade payables 3,839 20,074 18,138 Other financial liabilities 12,488 11,765 Other Current Liabilities 1,475 1,632 Provisions 4,853 5,593 Income tax liabilities (net) 46,398 42,850 Total current liabilities 160,380] 148,.903 Total equity and liabilities The disclosure is an extract of the audited Consolidated Balance Sheet as at September 30, 2025 and March 31, 2025 prepared in compliance with the Indian Accounting Standards (Ind-AS).", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e3b4b951d025fb67"}, {"chunk_id": "6237fdaad3e30d6c", "content": "[OCR] (in ? crore) Audited Consolidated Statement of Cash Flows Half-year ended September 30, Particulars 2025 2024 Cash flow from operating activities 14,300 12,890 Profit for the period profit to net cash provided by operating activities: Adjustments to reconcile net 5,670 5,384 Income tax expense 2,323 2,310 Depreciation and amortization (1,554) '257) Interest dividend income and 214 211 Finance cost 34 95 (reversed) under expected credit loss model Impairment loss recognized (298) 573 Exchange differences on translation of assets and liabilities net 420 471 Stock compensation expense (97) 26 Provision for post sale client support 658 876 Other adjustments (changes in assets and liabilities (4,395) (2,735) Trade receivables and unbilled revenue (175) (233) other financial assets and other assets Loans (451) (147) Trade payables Other financial liabilities other liabilities and provisions 2,939 078 20,507 18,623 Cash generated from operations (2,996) (2.165)] received Income taxes (paid) 17,511 16,458 Net cash generated by operating activities Cash flows from investing activities (1,3523 (968) Expenditure on property, plant and equipment and intangibles (683) (579) Deposits placed with corporation 392 357 Redemption of deposits placed with corporation 1,613 1,217 Interest dividend received and (3,155) (637 net of cash acquired Payment towards acquisition of business Payment of contingent consideration pertaining to acquisition of business (13) Other receipts Payments t0 acquire Investments (21) Tax free bonds and government bonds (36,091 33,517)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 21, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9f7a1b8c035b0e0f"}, {"chunk_id": "6b058b10c55a4683", "content": "Payment towards acquisition of business Payment of contingent consideration pertaining to acquisition of business (13) Other receipts Payments t0 acquire Investments (21) Tax free bonds and government bonds (36,091 33,517) Liquid mutual fund units 8857 (7,149) Certificates of deposit (2,686 (2,227 Commercial Papers (2,639) (1,051) Non-convertible debentures (531 Government securities (22 Other Investments Proceeds on sale of Investments 1,284 Tax free bonds and government bonds 32,967 34,012 Liquid mutual fund units 3,970 5,857 Certificates of deposit 7,135 4,675 Commercial Papers 1,030/ 1,625 Non-convertible debentures 3,265 200 Government securities 4525 Net cash generated (used in) from investing activities (432) Cash flows from financing activities: 382 (1,190) Payment of lease liabilities (11,592) (9,122) Payment of dividends (985 Loan repayment of in-tech Holding GmbH Payment of dividend to non-controlling interest of subsidiary Shares issued on exercise of employee stock options (181) 265) Other payments Net cash used in financing activities (10,687 (14,031 '952 Net increase (decrease) in cash and cash equivalents 6,692 Effect of exchange rate changes on cash and cash equivalents 685 24,455 Cash and cash equivalents at the beginning of the period 14,786 21,799] 31,832 cash equivalents at the end of the period Cash and Supplementary information: 410 407 Restricted cash balance The disclosure is an extract of the audited Consolidated Statement of Cash flows for the half year ended September 30, 2025 and September 30, 2024 prepared in compliance with Indian", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 21, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9f7a1b8c035b0e0f"}, {"chunk_id": "9285c1266c785d99", "content": "Restricted cash balance The disclosure is an extract of the audited Consolidated Statement of Cash flows for the half year ended September 30, 2025 and September 30, 2024 prepared in compliance with Indian Accounting Standard (Ind AS) 34 Interim Financial Reporting: 5. Segment reporting (Consolidated Audited) (in ? crore) Half-year Year ended Quarter Quarter Quarter March 312 ended ended ended ended Particulars September 30, September 30, September 30, June 30, 2024 2025 2024 2025] 2025 2025 Revenue by business segment 45,175/ 11,7962 11,156 24,116 21,971 12,320 Financial Services 6,424 14,151 12,201 25,207 7,347 6,804 Manufacturing 5,742 5,546 11,687 10,767 21,710/ [Energy, Utilities_ 5,945 Resources and Services 5,446 11,290 10,873 22,059 Retail (2) 5,639 5,651 19,108 5,097 4,879 10,494 5,397 9,622 Communication 3,2961 3,266 6,999 6,414 13,090 3,703 Hi-Tech 2,863 2,7451 3,004 5,607 5,871 11,831 Life Sciences 4,810 1,276 1,148 1,265 2,425 2,581 All other segments 86,769 162,990 44,490 42,279 40,986 80,300 Total Less: Inter-segment revenue 162,990 42,279 40,986 86,769 80,300 44,490 Net revenue from operations depreciation and non-controlling interests: Segment profit before tax, 5,472 11,099 3,059 2,973 2,860 032 Financial Services 4,856 1,416 1,297 3,169 2,303 1,752 Manufacturing 437 1,435 2,943 2,992 Energy; Utilities 1,506 6,097 Resources Services and 1,720 1,691 1,768 3,411 3,519 7,133 Retail (2) 1,017 880 892 1,897 1,6881 3,341 Communication (3} 794 1,532 3,220 ,608 Hi-Tech 763 768 1,226 2,663 534 554 614 1,087 Life Sciences (4) 439 827 224 149 184 409 AII other segments 9,809 20,480 19,247 39,236 10,535 9,943 Total 1,182 1,140 1,160 2,323 2,310 4,812 Less: Other Unallocable expenditure 1,551 3,600 982 712 2,024 ,042 Add: Unallocable other income 211 214 416", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 21, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9f7a1b8c035b0e0f"}, {"chunk_id": "35494fff8aa12411", "content": "439 827 224 149 184 409 AII other segments 9,809 20,480 19,247 39,236 10,535 9,943 Total 1,182 1,140 1,160 2,323 2,310 4,812 Less: Other Unallocable expenditure 1,551 3,600 982 712 2,024 ,042 Add: Unallocable other income 211 214 416 106 105 108 Less: Finance cost 37,608] 9,740 9,253 19,970 18,274 10,229 Profit before tax and non-controlling_interests", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 21, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9f7a1b8c035b0e0f"}, {"chunk_id": "a86d9c9fda934bd2", "content": "[OCR] Financial Services include enterprises in Financial Services and Insurance Retail includes enterprises in Retail, Consumer Packaged Goods and Logistics Communication includes enterprises in Communication, Telecom OEM and Media Life Sciences includes enterprises in Life sciences and Health care All other segments include operating segments of businesses in India, Japan, China, Infosys Public Services & other enterprises in Public Services Notes on segment information Business segments Operating Segments, the Chief Operating Decision Maker evaluates the Group's performance Based on the \"management approach\" as required by Ind-AS 108 allocates resources based on and been presented along these performance indicators by business segments. Accordingly, information has The accounting principles in the business  segments used analysis of various expenditure in individual segments. preparation of the financial statements are consistently applied to record revenue and Segmental capital employed as these are used interchangeably between segments. The Management believes that it is are not identified to any of the reportable segments_ Assets and liabilities used in the Group's business currently not practicable to provide segment disclosures relating to total assets and Iiabilities since a meaningful segregation of the available data is onerous. Audited financial results of Infosys Limited (Standalone Information) (in ? crore) Half-year Year ended Quarter", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 22, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "318aef7f059e51a5"}, {"chunk_id": "8ac279fa8d5d5d98", "content": "Audited financial results of Infosys Limited (Standalone Information) (in ? crore) Half-year Year ended Quarter Quarter Quarter March 31, ended ended ended ended September 30, September 30, Particulars June 30 September 30 2025 2025 2025 2025 2024 2024 35,275] 34,257 72,182 67,540 136,592 36,907 Revenue from operations 19,130 17,535 35,441 10,469 8,660 Profit before tax 9,407 25,568] 7,759 6,114 6,813 13,874 12,581 Profit for the period infosys. periods nseindia com of Infosys are   available the The   audited for   the website, and stock exchange website and results Limited above mentioned on our WWW_ com WWW _ The information above has been extracted from the audited interim standalone financial statements as stated. WWW, bseindia com; By order of the Board for Infosys Limited a Salil Parekh Bengaluru; India Managing Director Chief Executive Officer October 16, 2025 and Infosys Limited and its half-year ended September 30, 2025, prepared on record the consolidated results of subsidiaries for the quarter and The Board has also taken as per International Financial Reporting Standards (IFRS) and reported in US dollars_ A summary of the financial statements is as follows: (in USS million, except per equity share data) Half-year Year ended Quarter Quarter Quarter March 31, ended ended ended ended Particulars September 30, September 30, June 30 September 30, 2025 2024 2025 2024 2025 2025 Audited Audited Audited Audited Audited Audited 10,0181 9,608 19,277 4,894 5,076 4,941 Revenues 6,659 13,4051 3,516 3,416 3,400 6,933 Cost of sales 1,494 3,085 2,949 5,872 1,560 1,525 Gross profit 923 1,801 Operating expenses 497 461 992 495 2,093 2,026 4,071 1,065 1,028 Operating profit 1,033 425 112 122 85", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 22, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "318aef7f059e51a5"}, {"chunk_id": "dfbd146753b4b31f", "content": "10,0181 9,608 19,277 4,894 5,076 4,941 Revenues 6,659 13,4051 3,516 3,416 3,400 6,933 Cost of sales 1,494 3,085 2,949 5,872 1,560 1,525 Gross profit 923 1,801 Operating expenses 497 461 992 495 2,093 2,026 4,071 1,065 1,028 Operating profit 1,033 425 112 122 85 234 186 Other income net 49 12 Finance cost 2,303 2,186 4,447 1,165 1,138 1,105 Profit before income taxes 325 329 327 654 644 1,285 Income tax expense 3,162 1,542 Net profit 840 809 778 1,649 Earnings per equity share 0.37 0.76 0.19 0.20 0.20 0.40 Basic 0.19 0.37 0.76 0.20 0.19 0.40 Diluted 16,928 17,419 18,064 17,447 16,928 18,064 Total assets 4,089 4,321 Cash and cash equivalents and current investments 5,005 3,488 5,005 3,488 EPS is not annualized for the quarter and half year ended September 30, 2025, quarter ended June 30, 2025 and quarter and half year ended September 30, 2024. the McCamish cybersecurity incident; and the United States H-IB visa or operating performance_ statements in this release concerning our future growth prospects our future financial Certain looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks uncertainties that and program are forward but are not limited to, risks could cause actual results or outcomes to differ materially from those in such forward-looking statements_ The risks and uncertainties relating to these statements include reskill our of our business strategy, increased competition for talent; ability to attract and retain personnel; increase in wages_ investments", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 22, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "318aef7f059e51a5"}, {"chunk_id": "673e9aec7ba54e14", "content": "The risks and uncertainties relating to these statements include reskill our of our business strategy, increased competition for talent; ability to attract and retain personnel; increase in wages_ investments and uncertainties regarding the execution our as Generative Al, the our ability to effectively implement a hybrid working model, economic uncertainties and geo-political situations, technological disruptions and innovations such employees position, immigration regulation changes regulatory landscape  including ESG vision, our capital allocation policy and expectations future concerning our market complex and evolving our corporate actions including acquisitions, the outcome of pending litigation;, the amount of any additional costs resulting directly or operations, margins , profitability, liquidity, capital resources our timing, implementation , duration and effect of the September 19,2025 proclamation signed by indirectly from the McCamish cybersecurity incident; the outcome of the government investigation, the the effect of current and any future tariffs. Important factors that may cause actual results or outcomes to differ from those the president of the United States related to the H-IB visa program, and filings including our Annual Report on Form 20-F for the fiscal year ended statements are discussed in more detail in our US Securities and Exchange Commission ~looking implied by the forward-L including statements contained in the", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 22, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "318aef7f059e51a5"}, {"chunk_id": "836469fe1db88b97", "content": "statements are discussed in more detail in our US Securities and Exchange Commission ~looking implied by the forward-L including statements contained in the Infosys may, from time to time_ make additional written and oral forward-looking statements March 31, 2025. These filings are available at WWW.sec gov Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 22, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "318aef7f059e51a5"}, {"chunk_id": "98f8a801e30fe142", "content": "[OCR] Infosys\" Q2 FY 26 Financiall Results Navigate your next Infosys Limited CIN: L8S1OKA1981PLC013115 City. Regd. Office: Electronics Hosur Road, Bengaluru 560 100, India. Linfosys com; Telephone: 91 80 2852 0261; Fax: 91 80 2852 0362 Email: investors@infosys com; Website; WWW Statement of Audited results of Infosys Limited for the quarter and half-year ended September 30, 2025 prepared in compliance with the Indian Accounting Standards (Ind-AS) (in ? crore, except per equity share data) Half-year Year ended Quarter Quarter Quarter Particulars March 31, ended ended ended ended September 30, June 30 September 30 September 30, 2025 2025 2025 2025 2024 2024 Audited Audited Audited Audited Audited Audited 35,275 34,257 72,182 67,540 136,592 36,907 Revenue from operations 3,151 2,458 4,782 2,268 882 1,737 Other income net 39,1751 36,157 35,994 75,333 69,998 141,374 Total income Expenses Employee benefit expenses 17,673 16,864 35,7461 33,359 18,0741 67,466 5,613 5,208 4,751 10,821 9,583 19,353 Cost of technica sUb-contractors 392 354 814 725 422 1,467 Travel expenses 2,2941 2,217 2,380 4,511 4,497 9,617 Cost of software packages and others 125 229 448 113 99 212 Communication expenses 1,245 449 392 299 565 Consultancy and professional charges 841 595 613 670 1,209 2,619 Depreciation and amortisation expense 1,368 108 120 221 55 Finance cost 2,017 3,497 848 Other expenses ,094 1,083 1,941 28,706 27,497 26,587 56,203 52,463 105,933 Total expenses 35,441 10,469 8,660 9,407 19,130/ 17,535 Profit before tax Tax expense: 2,761 5,752 5,643 10,836 2,991 2,956 Current tax (281) (215) (496) Deferred tax (689) 963) 7,759 6,114 6,813 13,874 12,581 25,568 Profit for the period Other comprehensive income", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 23, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0dea7df40ed15673"}, {"chunk_id": "a475126e4a1e3b7d", "content": "105,933 Total expenses 35,441 10,469 8,660 9,407 19,130/ 17,535 Profit before tax Tax expense: 2,761 5,752 5,643 10,836 2,991 2,956 Current tax (281) (215) (496) Deferred tax (689) 963) 7,759 6,114 6,813 13,874 12,581 25,568 Profit for the period Other comprehensive income Items that will not be reclassified subsequently t0 profit or loss Remeasurement of the net defined benefit liability (61 99) 100 asset; net 38 35 Equity instruments through other comprehensive income, net be reclassified subsequently t0 profit or loss Items that will Fair value changes on derivatives designated as cash flow hedges (24) 24 net 119 191 Fair value changes on investments (34) 122 83 net Total other comprehensive incomel (loss), net of tax 134 200 105 (80) 102 13,896/ 25,6731 7,679 6,216 12,781 6,947 Total comprehensive income for the period 2,076 2,077 2,0761 2,0761 2,077 Paid-up share capital (par value <5/- each fully paid) 2,077 85,256 85,256 79,101 85,256 79,101 85,2561 Other Equity\" Earnings per equity share par value <5 /- each)\"* 14.72 33.40 30.30 61.58 18.68 16.41 Basic (in per share) 14.70] 16.38 33.36 30.25 18.66 61.46 Diluted (in per share) Balances for the quarter and half year ended September 30, 2025 and quarter ended June 30, 2025 represent balances as per the audited Balance Sheet as at March 31, 2025 and balances for the quarter and half year ended September 30, 2024 represent balances as per the audited Balance Sheet as at March 31, 2024 as required by SEBI (Listing and Other Disclosure Requirements) Regulations, 2015.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 23, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0dea7df40ed15673"}, {"chunk_id": "48863bcd5e034f7d", "content": "Disclosure Requirements) Regulations, 2015. EPS is not annualized for the quarter and half year ended September 30, 2025, quarter ended June 30, 2025 and quarter and half year ended September 30, 2024. a) The audited interim condensed standalone financial statements for the quarter and half year ended September 30, 2025 have been taken on record by the Board of Directors at its statutory auditors, Deloitte Haskins & Sells LLP have expressed an unmodified audit opinion. The information presented above is extracted meeting held on October 16, 2025 The in accordance with the Indian Accounting Those interim condensed standalone financial statements are prepared from the audited interim condensed standalone financial statements. prescribed under Section 133 of the Companies Act; 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment Standards (Ind-AS) rules thereafter. b) Update on employee stock grants The Board, on October 16,2025, based on the recommendations of the Nomination and Remuneration Committee, approved: Grant of 109,893 Restricted Stock Units (RSUs) under the 2015 Stock Incentive Compensation Plan (2015 Plan) to eligible employees: Grant of Performance Based Stock incentives (PSUs) to eligible employees under the Expanded Stock Ownership Program 2019 (2019 Plan) covering the Company's Equity Shares", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 23, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0dea7df40ed15673"}, {"chunk_id": "882b3a6451df1e37", "content": "Grant of Performance Based Stock incentives (PSUs) to eligible employees under the Expanded Stock Ownership Program 2019 (2019 Plan) covering the Company's Equity Shares be calculated based on the market price at the close of trading on November 1, 2025 having a market value of <44.20 Iakh as on the date of the grant: The number of PSUs willl period of three to four years and the grants made under the 2019 Plan would vest over a period of three years subject to The grants made under the 2015 Plan would vest equally over Company's achievement of performance parameters as defined in the 2019 Plan. The RSUs and PSUs will be granted We November 1, 2025 and the exercise price will be equal to the the par value of the share_ c) Proposed Buyback proposal for the Company to buyback its fully paid-up equity shares of face value of <5/- each from the eligible equity The Board, at its meeting on September 11, 2025, approved subject to shareholders' approval by way of Postal Ballot: The Buyback offer if approved by shareholders would comprise shareholders of the Company for an amount of <18,000 crore purchase of 10,00,00,000 Equity Shares comprising approximately 2.41% of the total paid-up equity share capital of the Company as of June 30, 2025 (on standalone basis) at a price of 71,800/- per Equity Share.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 23, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0dea7df40ed15673"}, {"chunk_id": "8eecf960150a01ed", "content": "price of 71,800/- per Equity Share. The buyback is proposed to be made from all eligible equity shareholders (including those who become equity shareholders as on the Record date by cancelling on the Record Date (to be determined by the Board/ Buyback Committee) American Depository Shares ad withdrawing underlying Equity Shares) of the Company as proportionate as of September 26, 2025 seeking the approval of the shareholders through Postal Ballot. basis through the \"Tender offer\" route. The Company has sent out a notice to its shareholders voting for this Postal Ballot is expected to end on November 4, 2025. The", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 23, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0dea7df40ed15673"}, {"chunk_id": "53223d5636b9aa11", "content": "[OCR] 2. Information on dividends for the quarter and half year ended September 30, 2025 The Board of Directors declared an interim dividend of <23/- per equity share. The record date for the payment is October 27 , 2025.The interim dividend will be paid on November 7, 2025. The interim dividend declared in the previous year was <21/- per equity share. (in Half-year Year ended Quarter Quarter Quarter March 31, Particulars ended ended ended ended September 30, September 30, September 30 June 30 2025 2024 2025 2024 2025 2025| Dividend per share (par value 75/- each) 21.00 23.00 23.00 21,00 21.001 Interim dividend 22.00 Final dividend 3. Audited Standalone Balance Sheet (In ? crore) As at Particulars September 30, March 31, 2025 2025 ASSETS Non-current assets 9,828 10,070 Property, plant and equipment 3,137 3,078 Right of use assets 778 1,089 Capital work-in-progress 211 211 Goodwill Other intangible assets Financial assets 28,029 27,371 Investments 26 Loans 2,525 2,350 Other financial assets 816 497 Deferred tax assets (net) 1,485 1,164 Income tax assets (net) 2223 2,118 Other non-current assets 49,247 47,768 Total non-current assets Current assets Financial assets 10,944 11,147 Investments 29,215 26,413 Trade receivables 20,409 14,265 Cash and cash equivalents 192 207 Loans 12,569 13,647 Other financial assets 2,949 Income tax assets (net) 9,863 9,618 Other current assets 84,270 77,168] Total current assets 124.936] 133,517 Total assets EQUITY AND LIABILITIES Equity 2,077 2,076 Equity share capital 85,256 90,481 Other equity 92,558 87,332 Total equity LIABILITIES Non-current liabilities Financial liabilities 2,950 2,694 Lease liabilities 2,008 991", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 24, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bcf26ecda192db45"}, {"chunk_id": "48001516de264722", "content": "124.936] 133,517 Total assets EQUITY AND LIABILITIES Equity 2,077 2,076 Equity share capital 85,256 90,481 Other equity 92,558 87,332 Total equity LIABILITIES Non-current liabilities Financial liabilities 2,950 2,694 Lease liabilities 2,008 991 Other financial liabilities 062 914 Deferred tax liabilities (net) 153 Other non-current liabilities 6,025 5,842 current liabilities Total non Current liabilities Financial liabilities 765 849 Lease liabilities Trade payables Total outstanding dues of micro enterprises and small enterprises 2,8081 2,720 Total outstanding dues of creditors other than micro enterprises and small enterprises 15,3461 14,101 Other financial liabilities 9,819 9,159 Other current liabilities 1,121 993 Provisions 4,987 4,016 Income tax liabilities (net) 31,762 34,934 Total current liabilities 133,517 124,936 Total equity and liabilities The disclosure is an extract of the audited Balance Sheet a8 at September 30, 2025 and March 31, 2025 prepared in compliance with the Indian Accounting Standards (Ind-AS).", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 24, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bcf26ecda192db45"}, {"chunk_id": "5f218d11a5130e4b", "content": "[OCR] 4. Audited Standalone Statement of Cash flows (In crore) Half-year ended September 30,_ Particulars 2025 2024 flow Cash operating activities: from 12,581 13,874 Profit for the period provided by operating activities: Adjustments to reconcile net profit to net cash 3681 Depreciation and Amortization 1,209 5,256 4,954 Income tax expense (reversed) under expected credit loss model Impairment loss recognized 1081 1201 Finance cost (2,702) (2,196) dividend income Interest and 370 419 Stock compensation expense (103) 19 Provision for post sale client support 324 Exchange differences on translation of assets and liabilities net 370 (75) Other adjustments Changes in assets and liabilities (4,047) (3,047) Trade receivables and unbilled revenue (4381 (568) Loans other financial assets and other assets 328 Trade payables 2,191 688 other liabilities and provisions Other financia liabilities 16,609 15,662 Cash generated from operations 42.145) (1,703) Income taxes (paid) received 13,959 Net cash generated by operating activities 14,464 Cash flow from investing activities: (651) (1,108) Expenditure on property, plant and equipment (515) (467) Deposits placed with corporation 313 284 Redemption of deposits placed with corporation 1,324 014 Interest and dividend received 1,3981 1,123 Dividend received from subsidiary Loan given to subsidiaries repaid by subsidiaries Loan (13) Payment of contingent consideration pertaining to acquisition of business (4,348) (785) IInvestment in subsidiaries (181) Payment towards acquisition Receipt towards business transfer for entities under common control", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 25, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "344e7d5cde19a7c9"}, {"chunk_id": "354f1606a276b093", "content": "(13) Payment of contingent consideration pertaining to acquisition of business (4,348) (785) IInvestment in subsidiaries (181) Payment towards acquisition Receipt towards business transfer for entities under common control Payments to acquire investments 30,198) (32,639 Liquid mutual fund units (2,077) (2,331_ Commercial papers (6,457) (1,811) Certificates of deposit (531, Government Securities (2,360) (1,051) Non-convertible debentures Other investments Proceeds on sale of investments 29,792 30,707 Liquid mutual fund units 4,300 6,660 Commercial papers 5,207 3,845 Certificates of deposit 1,360 890 Non-convertible debentures 3,165 2001 Government Securities 1,269 Tax free bonds and government bonds 3,929 investing activities 1,398 Net cash (used in) from Cash flow from financing activities: (445) (461) Payment of lease liabilities Shares issued on exercise of employee stock options (75) (93- Other payments (9.142 (11,620)1 Payment of dividends (9,679 (12,153) Net cash used in financing activities 6,183 5,735 Net increase (decrease) in cash and cash equivalents Effect of exchange rate changes on cash and cash equivalents 14,265 8,191 Cash cash equivalents at the beginning of the period and Cash and cash equivalents at the end of the period 20,409 13,917 Supplementary information: 56 Restricted cash balance The disclosure is an extract of the audited Statement of Cash flows for the half year ended September 30, 2025 and September 30, 2024 prepared in compliance with Indian Accounting Standard (Ind AS) 34 Interim Financial Reporting: Segment Reporting", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 25, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "344e7d5cde19a7c9"}, {"chunk_id": "c030d917b8654161", "content": "Standard (Ind AS) 34 Interim Financial Reporting: Segment Reporting In accordance with Ind AS 108, Operating Segments, the Company has disclosed The Company publishes standalone financial statements along with the consolidated financial statements segment information in the audited interim consolidated financial statements . Accordingly, the segment information is given in the audited consolidated financial results of Infosys the Limited and its subsidiaries for the quarter and half-year ended September 30, 2025. By order of the for Infosys Limited Salil Parekh Bengaluru; India Chief Executive Officer and Managing Director October 16,2025 our future financial or operating performance, the McCamish cybersecurity incident; and the United States H-1B Certain statements in this release concerning our future growth prospects safe harbor' under the Private Securities Litigation Reform Act of 995, which involve a number of risks and visa program are forward looking statements intended to qualify for the uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include , but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent; our ability to attract and retain personnel, increase in wages employees , our ability to effectively implement", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 25, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "344e7d5cde19a7c9"}, {"chunk_id": "0d4bdc8bb67c8701", "content": "employees , our ability to effectively implement geo-political situations, technological disruptions and model, economic uncertainties investments to reskill hybrid working and our capital allocation policy and expectations innovations such as Generative Al, the complex and evolving regulatory landscape including immigration regulation changes our ESG vision, our including acquisitions , concerning position, future operations, margins, profitability, our corporate actions the outcome of pending Iitigation, the liquidity, capital resources our market amount of any additional costs resulting directly or indirectly from the McCamish cybersecurity incident; the outcome of the government investigation, the timing, implementation duration effect of the September 19, 2025 proclamation signed by the president of the United States related to the H-1B visa program, and the effect of current any future tariffs Important and and Exchange in more detail our US to differ from those implied by the fonward-looking Securities and factors   that may statements are discussed actual results or outcomes cause our Annual Report on Form 20-F for the fiscal year ended March 31, 2025. These filings are available at WWW.sec gOv: Infosys may, from time to time, make Commission filings including Exchange including Company's filings with the  Securities reports contained in the Commission and statements and our additional written and oral fonward-looking statements shareholders.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 25, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "344e7d5cde19a7c9"}, {"chunk_id": "bcbe940990468e16", "content": "make Commission filings including Exchange including Company's filings with the  Securities reports contained in the Commission and statements and our additional written and oral fonward-looking statements shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law:", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 25, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "344e7d5cde19a7c9"}, {"chunk_id": "750ce4a300c3e9ef", "content": "Quarterly revenue crosses $5 bn mark; Second consecutive quarter of strong performance Revenue growth of 2.2% sequentially in Q2 and 3.3% in H1 in CC; Large deal TCV at $3.1 Bn and FCF at $1.1 Bn FY26 revenue guidance revised to 2%-3% and margin guidance retained at 20%-22% Bengaluru, India – October 16, 2025: Infosys (NSE, BSE, NYSE: INFY), a global leader in next- generation digital services and consulting, delivered $5,076 million in Q2 revenues, year on year growth of 2.9% and sequential growth of 2.2% in constant currency. Operating margin was at 21.0%. Free cash flow generation was strong at $1.1 billion, 131.1% of net profit. TCV of large deal wins was $3.1 billion, with net new of 67%. Employee headcount increased by 8,203. H1 revenues grew at 3.3% year over year in constant currency. Operating margin for H1 was at 20.9%. “We have now delivered two consecutive quarters of strong growth, demonstrating our unique market positioning and client relevance. Strong deal wins, with 67% net new in Q2, reflect our deep understanding of clients’ priorities to deliver value from AI in this environment”, said Salil Parekh, CEO and MD. “Our proactive investments, over the last three years, in embracing an AI-first culture within Infosys has ensured that our people are reskilled to thrive in a human+AI workplace. Infosys Topaz’s differentiated value proposition is unlocking value at scale in every transformation program” he added.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 26, "section": "Press Release", "subsection": "“We have now delivered two consecutive quarters of strong growth, demonstrating our unique market \npositioning and client relevance. Strong deal wins, with 67% net new in Q2, reflect our deep \nunderstanding of clients’ priorities to deliver value from AI in this environment”, said Salil Parekh, CEO \nand MD. “Our proactive investments, over the last three years, in embracing an AI-first culture within \nInfosys has ensured that our people are reskilled to thrive in a human+AI workplace.  Infosys Topaz’s \ndifferentiated value proposition is unlocking value at scale in every transformation program” he added.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5f44f7d24146215a"}, {"chunk_id": "58ceb782df847ff2", "content": "• Revenue growth of 2%-3% in constant currency • Operating margin of 20%-22% Key highlights: For the quarter ended September 30, 2025 • Revenues in CC terms grew by 2.9% YoY and For the six months ended September 30, 2025 • Revenues in CC terms grew by 3.3% YoY • Reported revenues at ₹86,769 crore, growth of 2.2% QoQ • Reported revenues at ₹44,490 crore, growth of 8.1% YoY • Operating margin at 20.9%, decline of 0.2% 8.6% YoY • Operating margin at 21.0%, decline of 0.1% YoY and growth of 0.2% QoQ • Basic EPS at ₹17.76, growth of 13.1% YoY • FCF at ₹9,677 crore, growth of 38.0% YoY; YoY • Basic EPS at ₹34.47, growth of 10.9% YoY • FCF at ₹17,210 crore, growth of 6.5% YoY; FCF conversion at 131.2% of net profit FCF conversion at 120.4% of net profit We had robust all-round performance in Q2 - strong growth, resilient margins, very high cash generation and 13.1% EPS growth year on year in rupee terms. We continue to make strategic investments to futureproof the business with a tight focus on execution, amidst high uncertainty”, said Jayesh Sanghrajka, CFO. “In line with our Capital Allocation Policy, we have announced a share buyback for ₹18,000 crores during the quarter and an interim dividend of ₹23 per share, an increase of 9.5% over last fiscal”, he added. Infosys Limited – Press Release Page 1 of 8", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 26, "section": "2.9% YoY", "subsection": "We had robust all-round performance in Q2 - strong growth, resilient margins, very high cash generation \nand 13.1% EPS growth year on year in rupee terms. We continue to make strategic investments to \nfutureproof the business with a tight focus on execution, amidst high uncertainty”, said Jayesh \nSanghrajka, CFO. “In line with our Capital Allocation Policy, we have announced a share buyback for \n₹18,000 crores during the quarter and an interim dividend of ₹23 per share, an increase of 9.5% over last \nfiscal”, he added.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7da7059777356138"}, {"chunk_id": "a4b3eee37b681eb7", "content": "Client Wins & Testimonials • Infosys transformed ABN AMRO’s lending process with nCino platform implementation by consolidating multiple legacy systems into a single, unified platform. Hans-Willem Giesen, IT Lead–Credits, ABN AMRO, said, “The transition to the nCino Platform, facilitated by our partners like Infosys, has brought about a significant shift in how we manage our lending process. This solution will improve operational efficiency, enhance our collateral management capabilities, and provide our customers with a faster, more transparent experience. As we look to the future, this platform will be a cornerstone of our continued growth and transformation.” • Infosys collaborated with Mastercard to offer financial institutions enhanced access to Mastercard Move, its portfolio of money movement capabilities, and thereby scale cross- border payments. Pratik Khowala, EVP and Global Head of Transfer Solutions, Mastercard, said, “Through Mastercard Move’s cutting-edge solutions, we empower individuals and organizations to move money quickly and securely across borders. The strategic collaboration with Infosys provides financial institutions with easy access to these capabilities, enabling them to facilitate fast, secure and reliable cross-border payments for their customers while enhancing control of risk, operations, costs and liquidity for themselves.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 28, "section": "Press Release", "subsection": "• \nBrand & Corporate", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "92200bbd0b4d68bb"}, {"chunk_id": "b2b70ac099669d61", "content": "capabilities, enabling them to facilitate fast, secure and reliable cross-border payments for their customers while enhancing control of risk, operations, costs and liquidity for themselves. Together with Infosys, we’re helping financial institutions deliver the seamless digital payments experiences today’s customers expect.” • Infosys extended its strategic collaboration with Sunrise to accelerate its IT transformation, with a strong focus on data security, operational agility, and future AI integration. Anna Maria Blengino, CIO, Sunrise, said, \"Through our strategic collaboration with Infosys, we are consolidating our technology landscape and infusing it with AI, putting enhanced customer experience at the heart of this transition. The Sunrise and Infosys teams are working side by side with a true one-team mindset to design and deliver platforms that are more agile, predictive, and scalable.” • Infosys announced a joint venture with Telstra, in Australia, by acquiring 75% of the shareholding in Versent Group, a wholly owned subsidiary of Telstra Group, to propel AI- enabled cloud and digital solutions for enterprises. Vicki Brady, Chief Executive Officer, Telstra, said, “Our collaboration with Infosys reflects our confidence in the value we can unlock together. Their global scale, deep industry knowledge, and culture of innovation and", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 28, "section": "Press Release", "subsection": "• \nBrand & Corporate", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "92200bbd0b4d68bb"}, {"chunk_id": "6f7c92cd2f0ed09d", "content": "Telstra, said, “Our collaboration with Infosys reflects our confidence in the value we can unlock together. Their global scale, deep industry knowledge, and culture of innovation and service excellence will be instrumental in accelerating Versent Group’s growth and impact across the region.” • Infosys collaborated with RWE AG to drive automated digital workplace transformation and improve operational efficiency. Gülnaz Öneş, Group CIO of RWE, said, “By leveraging modern technologies and aligning them with our sustainability and efficiency goals, we are streamlining operations, empowering our people, and creating value across RWE. Our collaboration with trusted partners like Infosys underscores our commitment to a resilient, agile digital workplace that drives sustainable growth.” • Infosys collaborated with HanesBrands Inc to unlock hyper productivity and AI-driven efficiency in the digital, business applications, and data landscape. Scott Pleiman, Chief Strategy, Transformation, Analytics and Technology Officer, HanesBrands, said, “As we continue to evolve our operational model, we sought an experienced collaborator with deep domain expertise and advanced capabilities in AI-driven transformation. Infosys’ AI- first approach and proven ability to scale innovation aligned with our long-term vision for agility, efficiency and customer-centricity.” •", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 28, "section": "Press Release", "subsection": "• \nBrand & Corporate", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "92200bbd0b4d68bb"}, {"chunk_id": "e65916711a0166c7", "content": "Infosys’ AI- first approach and proven ability to scale innovation aligned with our long-term vision for agility, efficiency and customer-centricity.” • Infosys collaborated with AGCO to deliver IT and HR operations transformation with an efficient and future-ready operational framework for growth. Viren Shah, Chief Digital & Infosys Limited – Press Release Page 2 of 8 Information Officer, AGCO Corporation, said, \"At AGCO, we’re committed to delivering excellence in everything we do, always putting Farmers First. Collaborating with Infosys is intended to enable us to create a responsive, streamlined and innovative operational ecosystem within IT and other functions that allows our teams to focus on critical and strategic initiatives that center on the farmer.” • Uniting Financial Services (UFS), Australia, subscribed to Infosys Finacle’s Digital Banking SaaS suite on AWS cloud, in a move that was completed in less than five months. John McComb, Chief Risk Officer and Acting CEO, Uniting Financial Services, said, “We are delighted to announce the successful go-live of the Finacle platform. Our goal was to modernise our core banking and digital capabilities to enhance the experience for clients. With Infosys Finacle, we have found a long-term technology partner, with the ability to deliver a future-ready platform that meets the needs of our operations today and supports our", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 28, "section": "Press Release", "subsection": "• \nBrand & Corporate", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "92200bbd0b4d68bb"}, {"chunk_id": "add583db488d834e", "content": "With Infosys Finacle, we have found a long-term technology partner, with the ability to deliver a future-ready platform that meets the needs of our operations today and supports our ambitions for tomorrow in a rapidly evolving financial services landscape.” • Infosys collaborated with Glion Arena Kobe as their official digital innovation and GX partner to power smart and sustainable entertainment experiences. Jun Shibuya, President and Representative Director, One Bright KOBE Corporation, said, “Glion Kobe Arena is a new landmark commemorating the 30th anniversary of the Great Hanshin-Awaji Earthquake. Our vision for the arena is to become a pioneering next-generation entertainment venue, offering spectacular events while operating sustainably. We are happy to announce our agreement with Infosys as our official digital innovation and GX partner. Leveraging Infosys' innovative solutions will help us aggregate data, utilize cloud technologies, explore new revenue opportunities, and deliver a seamless experience for all our fans and visitors.” Recognitions & Awards • Infosys honored with awards at 'The Asset Corporate Sustainability Leadership Awards 2025'. Categories include the 'Platinum Award for Excellence’ and 'Best Investor Relations Team' • Recognized as one of the World's Best Companies 2025 by TIME and Statista for its excellence in employee satisfaction, revenue growth, and sustainability transparency •", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 28, "section": "Press Release", "subsection": "• \nBrand & Corporate", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "92200bbd0b4d68bb"}, {"chunk_id": "422fede621c24208", "content": "Team' • Recognized as one of the World's Best Companies 2025 by TIME and Statista for its excellence in employee satisfaction, revenue growth, and sustainability transparency • Recognized among the World’s Most Trustworthy Companies 2025 by Newsweek and Statista • Recognized as one of the Best Companies for Women in India in the Hall of Fame for the seventh consecutive year and the 2025 Avtar & Seramount Best Companies for Women in India in the IT sector • Honored with the Exemplars of Inclusion in the Most Inclusive Companies Index 2025 by Avtar & Seramount • Recognized among the top 10 in the newly launched category of Best Companies for ESG in India in 2025 by Avtar & Seramount • Infosys Foundation & Infosys ESG Annual Report FY24-25 received the Gold Stevie®", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 28, "section": "Press Release", "subsection": "• \nBrand & Corporate", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "92200bbd0b4d68bb"}, {"chunk_id": "42db686adb48b3c5", "content": "Award in the categories of ‘Best Annual Report - Non-Profit Organizations’ and ‘Other Publication - Company’. Infosys Integrated Report secured the Silver Stevie® Award for ‘Best Annual Report - Publicly-Held Corporations’ at the 22nd Annual International Business Awards® • Infosys BPM received the 9th Edition Women Empowerment Summit and GIWL Awards for ‘Best Organization for Women Empowerment’ Infosys Limited – Press Release Page 3 of 8 • Infosys BPM received the 20th Edition Future of L&D Summit and Awards 2025 for ‘Best Digital Learning initiative’ • Infosys BPM received the Brandon Hall HCM Excellence Learning and Development Awards for ‘Best Learning Strategy’ • AI and Cloud Services • Positioned as a leader in Gartner: Magic Quadrant and Critical Capabilities for Public Cloud IT Transformation Services • Positioned as a leader in Gartner: Emerging Market Quadrant for Generative AI Consulting and Implementation Services (Innovation Guide for Generative AI Consulting and Implementation Services) • Recognized as a leader in IDC MarketScape: Asia Pacific Oracle Implementation Services 2025 Vendor Assessment • Recognized as a leader in IDC MarketScape: Worldwide Artificial Intelligence Services 2025 • Recognized as a leader in IDC MarketScape: Worldwide Life Science R&D AI and GenAI in Clinical Trials 2025 • Recognized as a leader in Constellation ShortList: Artificial Intelligence and Machine", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 31, "section": "Press Release", "subsection": "About Infosys", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b6793736d3d84d2d"}, {"chunk_id": "02c7e90344982a1f", "content": "2025 • Recognized as a leader in IDC MarketScape: Worldwide Life Science R&D AI and GenAI in Clinical Trials 2025 • Recognized as a leader in Constellation ShortList: Artificial Intelligence and Machine Learning Best-of-Breed Platforms • Recognized as a leader in Constellation ShortList: AI-Driven Cognitive Applications • Infosys EdgeVerve recognized as the ‘Company of the Year’ with Silver Stevie® Awards in two categories: i) Artificial Technology for the flagship platform, Infosys EdgeVerve AI Next, and ii) Business Technology for enterprise transformation • Key Digital Services • Recognized as a leader in IDC MarketScape: India IT/Digital Transformation Services for Public Sector 2025 Vendor Assessment • Recognized as a leader in IDC MarketScape: Worldwide IT and Engineering Services for Software-Defined Vehicles 2025 Vendor Assessment • Recognized as a leader in IDC MarketScape: Worldwide Industrial IoT End-to-End Engineering and Life-Cycle Services 2025 Vendor Assessment • Rated as a leader in Everest Group: Microsoft Business Application Services PEAK Matrix® Assessment 2025 • Rated as a leader in Everest Group: Global Digital Workplace Services PEAK Matrix® Assessments 2025 • Rated as a leader in Everest Group: 5G Engineering Services PEAK Matrix® Assessment 2025 • Rated as a leader in Everest Group: Network Engineering Services PEAK Matrix® Assessment 2025 •", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 31, "section": "Press Release", "subsection": "About Infosys", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b6793736d3d84d2d"}, {"chunk_id": "d08608939095cf8f", "content": "Assessments 2025 • Rated as a leader in Everest Group: 5G Engineering Services PEAK Matrix® Assessment 2025 • Rated as a leader in Everest Group: Network Engineering Services PEAK Matrix® Assessment 2025 • Rated as a leader in Everest Group: Net-Zero Consulting Services PEAK Matrix® Assessment 2025 • Recognized as a leader in HFS Horizons: Digital Marketing and Sales Services, 2025 • Recognized as a leader in HFS Horizons: Cybersecurity Services, 2025 • Positioned as a leader in NelsonHall: ServiceNow Services 2025 NEAT • Recognized as a leader in Constellation ShortList: Customer Experience (CX) Design & Execution Services - Global Infosys Limited – Press Release Page 4 of 8 • Recognized as a leader in Constellation ShortList: Digital Transformation Services (DTX) - Global • Recognized as a leader in Constellation ShortList: Customer Experience (CX) Operations Services - Global • Recognized as a leader in Constellation ShortList for ER&D • Recognized as a leader in Constellation ShortList: AI Services - Global • Recognized as leader in Avasant Utilities Digital Services 2025 RadarView™ • Recognized as leader in Avasant Global Competency Center (GCC) Services 2025 RadarView™ • Infosys China recognized as the ‘Leading Digital Service Providers 2025 - Top 100’ by China Council for International Investment Promotion • Industry & Solutions •", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 31, "section": "Press Release", "subsection": "About Infosys", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b6793736d3d84d2d"}, {"chunk_id": "af527c5c991d978c", "content": "RadarView™ • Infosys China recognized as the ‘Leading Digital Service Providers 2025 - Top 100’ by China Council for International Investment Promotion • Industry & Solutions • Recognized as a leader in IDC MarketScape: Worldwide Life Sciences Healthcare Provider (HCP) Engagement Services 2025 • Recognized as a leader in HFS Horizons: The Best Service Providers for Mortgage Reinvention, 2025 • Positioned as a leader in NelsonHall: Transforming Mortgage & Loan Services 2025 NEAT • Infosys Finacle recognized as a leader in IDC MarketScape: Worldwide Corporate Loan Origination Systems 2025 Vendor Assessment • Infosys Finacle recognized as a leader in IDC MarketScape: Worldwide Corporate Loan Lifecycle Management 2025 Vendor Assessment • Infosys Finacle along with its customers received three awards at the MEA Finance Leaders in Payments Awards 2025 for Best Real-Time Payments Implementation - Qatar National Bank, Best Real-Time Payments Provider - Infosys Finacle, and Best Instant Payments Technology Solution - Infosys Finacle • Infosys Finacle along with its customers received three awards at the Finnovex Awards Saudi Arabia 2025 for Excellence in Digital Transformation - Arab National Bank, Excellence in Digital Corporate Banking - Banque Saudi Fransi, and Excellence in Composable Banking Platforms - Infosys Finacle Read more about our Awards & Recognitions here. Infosys Limited – Press Release Page 5 of 8", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 31, "section": "Press Release", "subsection": "About Infosys", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b6793736d3d84d2d"}, {"chunk_id": "59aeb036dfb6556c", "content": "in Digital Corporate Banking - Banque Saudi Fransi, and Excellence in Composable Banking Platforms - Infosys Finacle Read more about our Awards & Recognitions here. Infosys Limited – Press Release Page 5 of 8 Infosys is a global leader in next-generation digital services and consulting. Over 320,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in 59 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace. Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 31, "section": "Press Release", "subsection": "About Infosys", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b6793736d3d84d2d"}, {"chunk_id": "d16f502b4e1d54b0", "content": "Certain statements in this release concerning our future growth prospects, our future financial or operating performance, the McCamish cybersecurity incident, and the United States H-1B visa program are forward looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid working model, economic uncertainties and geo-political situations, technological disruptions and innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, the outcome of pending litigation, the amount of any additional costs resulting directly or indirectly from", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 34, "section": "Press Release", "subsection": "Bengaluru, India – October 16, 2025: Infosys (NSE, BSE, NYSE: INFY), a global leader in next-\ngeneration digital services and consulting, delivered $5,076 million in Q2 revenues, year on year growth \nof 2.9% and sequential growth of 2.2% in constant currency. Operating margin was at 21.0%. Free cash \nflow generation was strong at $1.1 billion, 131.1% of net profit. TCV of large deal wins was $3.1 billion, \nwith net new of 67%. Employee headcount increased by 8,203.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "23e846c6d116586c"}, {"chunk_id": "e8d2e3a84e7194d0", "content": "acquisitions, the outcome of pending litigation, the amount of any additional costs resulting directly or indirectly from the McCamish cybersecurity incident, the outcome of the government investigation, the timing, implementation, duration and effect of the September 19, 2025 proclamation signed by the president of the United States related to the H-1B visa program, and the effect of current and any future tariffs. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2025. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward- looking statements that may be made from time to time by or on behalf of the Company unless it is required by law. Investor Relations Sandeep Mahindroo +91 80 3980 1018 Sandeep_Mahindroo@infosys.com Media Relations Rishi Basu +91 80 4156 3998 Rajarshi.Basu@infosys.com Infosys Limited – Press Release Page 6 of 8 Infosys Limited and subsidiaries Extracted from the Condensed Consolidated Balance Sheet under IFRS as at: (in ₹ crore)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 34, "section": "Press Release", "subsection": "Bengaluru, India – October 16, 2025: Infosys (NSE, BSE, NYSE: INFY), a global leader in next-\ngeneration digital services and consulting, delivered $5,076 million in Q2 revenues, year on year growth \nof 2.9% and sequential growth of 2.2% in constant currency. Operating margin was at 21.0%. Free cash \nflow generation was strong at $1.1 billion, 131.1% of net profit. TCV of large deal wins was $3.1 billion, \nwith net new of 67%. Employee headcount increased by 8,203.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "23e846c6d116586c"}, {"chunk_id": "9cd3c7631cf9d1b7", "content": "Rishi Basu +91 80 4156 3998 Rajarshi.Basu@infosys.com Infosys Limited – Press Release Page 6 of 8 Infosys Limited and subsidiaries Extracted from the Condensed Consolidated Balance Sheet under IFRS as at: (in ₹ crore) September 30, 2025 March 31, 2025 ASSETS Cash and cash equivalents 31,832 24,455 Current investments 12,606 12,482 Trade receivables 33,968 31,158 Unbilled revenue 14,313 12,851 Other current assets 13,048 16,153 Total current assets 105,767 97,099 Property, plant and equipment and Right-of-use assets 19,282 19,111 Goodwill and other Intangible assets 14,670 12,872 Non-current investments 10,879 11,059 Unbilled revenue 2,308 2,232 Other non-current assets 7,474 6,530 Total non-current assets 54,613 51,804 Total assets 160,380 148,903 LIABILITIES AND EQUITY Current liabilities Trade payables 3,839 4,164 Unearned revenue 9,022 8,492 Employee benefit obligations 3,335 2,908 Other current liabilities and provisions 30,202 27,286 Total current liabilities 46,398 42,850 Non-current liabilities Lease liabilities 5,983 5,772 Other non-current liabilities 4,255 4,078 Total non-current liabilities 10,238 9,850 Total liabilities 56,636 52,700 Total equity attributable to equity holders of the company 103,330 95,818 Non-controlling interests 414 385 Total equity 103,744 96,203 Total liabilities and equity 160,380 148,903 Extracted from the Condensed Consolidated statement of Comprehensive Income under IFRS for: (in ₹ crore except per equity share data) 3 months ended 2024 Revenues 44,490 40,986 86,769 80,300 Cost of sales 30,800 28,474 60,025 55,651 Gross profit 13,690 12,512 26,744 24,649 Operating expenses: Selling and marketing expenses 2,224 1,855 4,431", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 34, "section": "Press Release", "subsection": "Bengaluru, India – October 16, 2025: Infosys (NSE, BSE, NYSE: INFY), a global leader in next-\ngeneration digital services and consulting, delivered $5,076 million in Q2 revenues, year on year growth \nof 2.9% and sequential growth of 2.2% in constant currency. Operating margin was at 21.0%. Free cash \nflow generation was strong at $1.1 billion, 131.1% of net profit. TCV of large deal wins was $3.1 billion, \nwith net new of 67%. Employee headcount increased by 8,203.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "23e846c6d116586c"}, {"chunk_id": "3bc2b61108e31fec", "content": "(in ₹ crore except per equity share data) 3 months ended 2024 Revenues 44,490 40,986 86,769 80,300 Cost of sales 30,800 28,474 60,025 55,651 Gross profit 13,690 12,512 26,744 24,649 Operating expenses: Selling and marketing expenses 2,224 1,855 4,431 3,792 Administrative expenses 2,113 2,008 4,156 3,920 Total operating expenses 4,337 3,863 8,587 7,712 Operating profit 9,353 8,649 18,157 16,937 Other income, net (3) 876 604 1,813 1,337 Profit before income taxes 10,229 9,253 19,970 18,274 Income tax expense 2,854 2,737 5,670 5,384 Net profit (before minority interest) 7,375 6,516 14,300 12,890 Net profit (after non-controlling interest) 7,364 6,506 14,285 12,874 Basic EPS (₹) 17.76 15.71 34.47 31.09 Diluted EPS (₹) 17.74 15.68 34.41 31.02 Infosys Limited – Press Release Page 7 of 8 1. The above information is extracted from the audited condensed consolidated Balance sheet and Statement of Comprehensive Income for the quarter ended September 30, 2025, which have been taken on record at the Board meeting held on October 16, 2025. 2. A Fact Sheet providing the operating metrics of the Company can be downloaded from www.infosys.com. 3. Other income is net of Finance Cost. 4. As the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures reported for the previous quarter might not always add up to the six months ended figures reported in this statement. Infosys Limited – Press Release Page 8 of 8 Quarterly revenue crosses $5 bn mark; Second consecutive quarter of strong performance", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 34, "section": "Press Release", "subsection": "Bengaluru, India – October 16, 2025: Infosys (NSE, BSE, NYSE: INFY), a global leader in next-\ngeneration digital services and consulting, delivered $5,076 million in Q2 revenues, year on year growth \nof 2.9% and sequential growth of 2.2% in constant currency. Operating margin was at 21.0%. Free cash \nflow generation was strong at $1.1 billion, 131.1% of net profit. TCV of large deal wins was $3.1 billion, \nwith net new of 67%. Employee headcount increased by 8,203.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "23e846c6d116586c"}, {"chunk_id": "d6d0ea3f74cbb303", "content": "always add up to the six months ended figures reported in this statement. Infosys Limited – Press Release Page 8 of 8 Quarterly revenue crosses $5 bn mark; Second consecutive quarter of strong performance Revenue growth of 2.2% sequentially in Q2 and 3.3% in H1 in CC; Large deal TCV at $3.1 Bn and FCF at $1.1 Bn FY26 revenue guidance revised to 2%-3% and margin guidance retained at 20%-22% Bengaluru, India – October 16, 2025: Infosys (NSE, BSE, NYSE: INFY), a global leader in next- generation digital services and consulting, delivered $5,076 million in Q2 revenues, year on year growth of 2.9% and sequential growth of 2.2% in constant currency. Operating margin was at 21.0%. Free cash flow generation was strong at $1.1 billion, 131.1% of net profit. TCV of large deal wins was $3.1 billion, with net new of 67%. Employee headcount increased by 8,203. H1 revenues grew at 3.3% year over year in constant currency. Operating margin for H1 was at 20.9%.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 34, "section": "Press Release", "subsection": "Bengaluru, India – October 16, 2025: Infosys (NSE, BSE, NYSE: INFY), a global leader in next-\ngeneration digital services and consulting, delivered $5,076 million in Q2 revenues, year on year growth \nof 2.9% and sequential growth of 2.2% in constant currency. Operating margin was at 21.0%. Free cash \nflow generation was strong at $1.1 billion, 131.1% of net profit. TCV of large deal wins was $3.1 billion, \nwith net new of 67%. Employee headcount increased by 8,203.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "23e846c6d116586c"}, {"chunk_id": "1b706ab3118c0e9d", "content": "“We have now delivered two consecutive quarters of strong growth, demonstrating our unique market positioning and client relevance. Strong deal wins, with 67% net new in Q2, reflect our deep understanding of clients’ priorities to deliver value from AI in this environment”, said Salil Parekh, CEO and MD. “Our proactive investments, over the last three years, in embracing an AI-first culture within Infosys has ensured that our people are reskilled to thrive in a human+AI workplace. Infosys Topaz’s differentiated value proposition is unlocking value at scale in every transformation program” he added. Guidance for FY26:", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 34, "section": "Press Release", "subsection": "“We have now delivered two consecutive quarters of strong growth, demonstrating our unique market \npositioning and client relevance. Strong deal wins, with 67% net new in Q2, reflect our deep \nunderstanding of clients’ priorities to deliver value from AI in this environment”, said Salil Parekh, CEO \nand MD. “Our proactive investments, over the last three years, in embracing an AI-first culture within \nInfosys has ensured that our people are reskilled to thrive in a human+AI workplace.  Infosys Topaz’s \ndifferentiated value proposition is unlocking value at scale in every transformation program” he added. \n \n \n \n \n \n \n \nGuidance for FY26:", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0dbffa3feb28a1d0"}, {"chunk_id": "9c881d1545d07d19", "content": "• Revenue growth of 2%-3% in constant currency • Operating margin of 20%-22% Key highlights: For the quarter ended September 30, 2025 • Revenues in CC terms grew by 2.9% YoY and For the six months ended September 30, 2025 • Revenues in CC terms grew by 3.3% YoY • Reported revenues at $10,018 million, growth 2.2% QoQ • Reported revenues at $5,076 million, growth of 3.7% YoY • Operating margin at 21.0%, decline of 0.1% of 4.3% YoY • Operating margin at 20.9%, decline of 0.2% YoY and growth of 0.2% QoQ • Basic EPS at $0.20, growth of 7.9% YoY • FCF at $1,101 million, growth of 31.2% YoY; YoY • Basic EPS at $0.40, growth of 6.9% YoY • FCF at $1,985 million, growth of 2.7% YoY; FCF conversion at 131.1% of net profit FCF conversion at 120.4% of net profit We had robust all-round performance in Q2 - strong growth, resilient margins, very high cash generation and 13.1% EPS growth year on year in rupee terms. We continue to make strategic investments to futureproof the business with a tight focus on execution, amidst high uncertainty”, said Jayesh Sanghrajka, CFO. “In line with our Capital Allocation Policy, we have announced a share buyback for `18,000 crores during the quarter and an interim dividend of `23 per share, an increase of 9.5% over last fiscal”, he added. Infosys Limited – Press Release Page 1 of 8", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 34, "section": "$1.1 Bn", "subsection": "We had robust all-round performance in Q2 - strong growth, resilient margins, very high cash generation \nand 13.1% EPS growth year on year in rupee terms. We continue to make strategic investments to \nfutureproof the business with a tight focus on execution, amidst high uncertainty”, said Jayesh \nSanghrajka, CFO. “In line with our Capital Allocation Policy, we have announced a share buyback for \n`18,000 crores during the quarter and an interim dividend of `23 per share, an increase of 9.5% over last \nfiscal”, he added.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fa1e9887beadbf7a"}, {"chunk_id": "a4b3eee37b681eb7", "content": "Client Wins & Testimonials • Infosys transformed ABN AMRO’s lending process with nCino platform implementation by consolidating multiple legacy systems into a single, unified platform. Hans-Willem Giesen, IT Lead–Credits, ABN AMRO, said, “The transition to the nCino Platform, facilitated by our partners like Infosys, has brought about a significant shift in how we manage our lending process. This solution will improve operational efficiency, enhance our collateral management capabilities, and provide our customers with a faster, more transparent experience. As we look to the future, this platform will be a cornerstone of our continued growth and transformation.” • Infosys collaborated with Mastercard to offer financial institutions enhanced access to Mastercard Move, its portfolio of money movement capabilities, and thereby scale cross- border payments. Pratik Khowala, EVP and Global Head of Transfer Solutions, Mastercard, said, “Through Mastercard Move’s cutting-edge solutions, we empower individuals and organizations to move money quickly and securely across borders. The strategic collaboration with Infosys provides financial institutions with easy access to these capabilities, enabling them to facilitate fast, secure and reliable cross-border payments for their customers while enhancing control of risk, operations, costs and liquidity for themselves.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 36, "section": "Press Release", "subsection": "• \nBrand & Corporate", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "92200bbd0b4d68bb"}, {"chunk_id": "b2b70ac099669d61", "content": "capabilities, enabling them to facilitate fast, secure and reliable cross-border payments for their customers while enhancing control of risk, operations, costs and liquidity for themselves. Together with Infosys, we’re helping financial institutions deliver the seamless digital payments experiences today’s customers expect.” • Infosys extended its strategic collaboration with Sunrise to accelerate its IT transformation, with a strong focus on data security, operational agility, and future AI integration. Anna Maria Blengino, CIO, Sunrise, said, \"Through our strategic collaboration with Infosys, we are consolidating our technology landscape and infusing it with AI, putting enhanced customer experience at the heart of this transition. The Sunrise and Infosys teams are working side by side with a true one-team mindset to design and deliver platforms that are more agile, predictive, and scalable.” • Infosys announced a joint venture with Telstra, in Australia, by acquiring 75% of the shareholding in Versent Group, a wholly owned subsidiary of Telstra Group, to propel AI- enabled cloud and digital solutions for enterprises. Vicki Brady, Chief Executive Officer, Telstra, said, “Our collaboration with Infosys reflects our confidence in the value we can unlock together. Their global scale, deep industry knowledge, and culture of innovation and", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 36, "section": "Press Release", "subsection": "• \nBrand & Corporate", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "92200bbd0b4d68bb"}, {"chunk_id": "6f7c92cd2f0ed09d", "content": "Telstra, said, “Our collaboration with Infosys reflects our confidence in the value we can unlock together. Their global scale, deep industry knowledge, and culture of innovation and service excellence will be instrumental in accelerating Versent Group’s growth and impact across the region.” • Infosys collaborated with RWE AG to drive automated digital workplace transformation and improve operational efficiency. Gülnaz Öneş, Group CIO of RWE, said, “By leveraging modern technologies and aligning them with our sustainability and efficiency goals, we are streamlining operations, empowering our people, and creating value across RWE. Our collaboration with trusted partners like Infosys underscores our commitment to a resilient, agile digital workplace that drives sustainable growth.” • Infosys collaborated with HanesBrands Inc to unlock hyper productivity and AI-driven efficiency in the digital, business applications, and data landscape. Scott Pleiman, Chief Strategy, Transformation, Analytics and Technology Officer, HanesBrands, said, “As we continue to evolve our operational model, we sought an experienced collaborator with deep domain expertise and advanced capabilities in AI-driven transformation. Infosys’ AI- first approach and proven ability to scale innovation aligned with our long-term vision for agility, efficiency and customer-centricity.” •", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 36, "section": "Press Release", "subsection": "• \nBrand & Corporate", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "92200bbd0b4d68bb"}, {"chunk_id": "e65916711a0166c7", "content": "Infosys’ AI- first approach and proven ability to scale innovation aligned with our long-term vision for agility, efficiency and customer-centricity.” • Infosys collaborated with AGCO to deliver IT and HR operations transformation with an efficient and future-ready operational framework for growth. Viren Shah, Chief Digital & Infosys Limited – Press Release Page 2 of 8 Information Officer, AGCO Corporation, said, \"At AGCO, we’re committed to delivering excellence in everything we do, always putting Farmers First. Collaborating with Infosys is intended to enable us to create a responsive, streamlined and innovative operational ecosystem within IT and other functions that allows our teams to focus on critical and strategic initiatives that center on the farmer.” • Uniting Financial Services (UFS), Australia, subscribed to Infosys Finacle’s Digital Banking SaaS suite on AWS cloud, in a move that was completed in less than five months. John McComb, Chief Risk Officer and Acting CEO, Uniting Financial Services, said, “We are delighted to announce the successful go-live of the Finacle platform. Our goal was to modernise our core banking and digital capabilities to enhance the experience for clients. With Infosys Finacle, we have found a long-term technology partner, with the ability to deliver a future-ready platform that meets the needs of our operations today and supports our", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 36, "section": "Press Release", "subsection": "• \nBrand & Corporate", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "92200bbd0b4d68bb"}, {"chunk_id": "add583db488d834e", "content": "With Infosys Finacle, we have found a long-term technology partner, with the ability to deliver a future-ready platform that meets the needs of our operations today and supports our ambitions for tomorrow in a rapidly evolving financial services landscape.” • Infosys collaborated with Glion Arena Kobe as their official digital innovation and GX partner to power smart and sustainable entertainment experiences. Jun Shibuya, President and Representative Director, One Bright KOBE Corporation, said, “Glion Kobe Arena is a new landmark commemorating the 30th anniversary of the Great Hanshin-Awaji Earthquake. Our vision for the arena is to become a pioneering next-generation entertainment venue, offering spectacular events while operating sustainably. We are happy to announce our agreement with Infosys as our official digital innovation and GX partner. Leveraging Infosys' innovative solutions will help us aggregate data, utilize cloud technologies, explore new revenue opportunities, and deliver a seamless experience for all our fans and visitors.” Recognitions & Awards • Infosys honored with awards at 'The Asset Corporate Sustainability Leadership Awards 2025'. Categories include the 'Platinum Award for Excellence’ and 'Best Investor Relations Team' • Recognized as one of the World's Best Companies 2025 by TIME and Statista for its excellence in employee satisfaction, revenue growth, and sustainability transparency •", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 36, "section": "Press Release", "subsection": "• \nBrand & Corporate", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "92200bbd0b4d68bb"}, {"chunk_id": "422fede621c24208", "content": "Team' • Recognized as one of the World's Best Companies 2025 by TIME and Statista for its excellence in employee satisfaction, revenue growth, and sustainability transparency • Recognized among the World’s Most Trustworthy Companies 2025 by Newsweek and Statista • Recognized as one of the Best Companies for Women in India in the Hall of Fame for the seventh consecutive year and the 2025 Avtar & Seramount Best Companies for Women in India in the IT sector • Honored with the Exemplars of Inclusion in the Most Inclusive Companies Index 2025 by Avtar & Seramount • Recognized among the top 10 in the newly launched category of Best Companies for ESG in India in 2025 by Avtar & Seramount • Infosys Foundation & Infosys ESG Annual Report FY24-25 received the Gold Stevie®", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 36, "section": "Press Release", "subsection": "• \nBrand & Corporate", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "92200bbd0b4d68bb"}, {"chunk_id": "42db686adb48b3c5", "content": "Award in the categories of ‘Best Annual Report - Non-Profit Organizations’ and ‘Other Publication - Company’. Infosys Integrated Report secured the Silver Stevie® Award for ‘Best Annual Report - Publicly-Held Corporations’ at the 22nd Annual International Business Awards® • Infosys BPM received the 9th Edition Women Empowerment Summit and GIWL Awards for ‘Best Organization for Women Empowerment’ Infosys Limited – Press Release Page 3 of 8 • Infosys BPM received the 20th Edition Future of L&D Summit and Awards 2025 for ‘Best Digital Learning initiative’ • Infosys BPM received the Brandon Hall HCM Excellence Learning and Development Awards for ‘Best Learning Strategy’ • AI and Cloud Services • Positioned as a leader in Gartner: Magic Quadrant and Critical Capabilities for Public Cloud IT Transformation Services • Positioned as a leader in Gartner: Emerging Market Quadrant for Generative AI Consulting and Implementation Services (Innovation Guide for Generative AI Consulting and Implementation Services) • Recognized as a leader in IDC MarketScape: Asia Pacific Oracle Implementation Services 2025 Vendor Assessment • Recognized as a leader in IDC MarketScape: Worldwide Artificial Intelligence Services 2025 • Recognized as a leader in IDC MarketScape: Worldwide Life Science R&D AI and GenAI in Clinical Trials 2025 • Recognized as a leader in Constellation ShortList: Artificial Intelligence and Machine", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 39, "section": "Press Release", "subsection": "About Infosys", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b6793736d3d84d2d"}, {"chunk_id": "02c7e90344982a1f", "content": "2025 • Recognized as a leader in IDC MarketScape: Worldwide Life Science R&D AI and GenAI in Clinical Trials 2025 • Recognized as a leader in Constellation ShortList: Artificial Intelligence and Machine Learning Best-of-Breed Platforms • Recognized as a leader in Constellation ShortList: AI-Driven Cognitive Applications • Infosys EdgeVerve recognized as the ‘Company of the Year’ with Silver Stevie® Awards in two categories: i) Artificial Technology for the flagship platform, Infosys EdgeVerve AI Next, and ii) Business Technology for enterprise transformation • Key Digital Services • Recognized as a leader in IDC MarketScape: India IT/Digital Transformation Services for Public Sector 2025 Vendor Assessment • Recognized as a leader in IDC MarketScape: Worldwide IT and Engineering Services for Software-Defined Vehicles 2025 Vendor Assessment • Recognized as a leader in IDC MarketScape: Worldwide Industrial IoT End-to-End Engineering and Life-Cycle Services 2025 Vendor Assessment • Rated as a leader in Everest Group: Microsoft Business Application Services PEAK Matrix® Assessment 2025 • Rated as a leader in Everest Group: Global Digital Workplace Services PEAK Matrix® Assessments 2025 • Rated as a leader in Everest Group: 5G Engineering Services PEAK Matrix® Assessment 2025 • Rated as a leader in Everest Group: Network Engineering Services PEAK Matrix® Assessment 2025 •", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 39, "section": "Press Release", "subsection": "About Infosys", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b6793736d3d84d2d"}, {"chunk_id": "d08608939095cf8f", "content": "Assessments 2025 • Rated as a leader in Everest Group: 5G Engineering Services PEAK Matrix® Assessment 2025 • Rated as a leader in Everest Group: Network Engineering Services PEAK Matrix® Assessment 2025 • Rated as a leader in Everest Group: Net-Zero Consulting Services PEAK Matrix® Assessment 2025 • Recognized as a leader in HFS Horizons: Digital Marketing and Sales Services, 2025 • Recognized as a leader in HFS Horizons: Cybersecurity Services, 2025 • Positioned as a leader in NelsonHall: ServiceNow Services 2025 NEAT • Recognized as a leader in Constellation ShortList: Customer Experience (CX) Design & Execution Services - Global Infosys Limited – Press Release Page 4 of 8 • Recognized as a leader in Constellation ShortList: Digital Transformation Services (DTX) - Global • Recognized as a leader in Constellation ShortList: Customer Experience (CX) Operations Services - Global • Recognized as a leader in Constellation ShortList for ER&D • Recognized as a leader in Constellation ShortList: AI Services - Global • Recognized as leader in Avasant Utilities Digital Services 2025 RadarView™ • Recognized as leader in Avasant Global Competency Center (GCC) Services 2025 RadarView™ • Infosys China recognized as the ‘Leading Digital Service Providers 2025 - Top 100’ by China Council for International Investment Promotion • Industry & Solutions •", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 39, "section": "Press Release", "subsection": "About Infosys", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b6793736d3d84d2d"}, {"chunk_id": "af527c5c991d978c", "content": "RadarView™ • Infosys China recognized as the ‘Leading Digital Service Providers 2025 - Top 100’ by China Council for International Investment Promotion • Industry & Solutions • Recognized as a leader in IDC MarketScape: Worldwide Life Sciences Healthcare Provider (HCP) Engagement Services 2025 • Recognized as a leader in HFS Horizons: The Best Service Providers for Mortgage Reinvention, 2025 • Positioned as a leader in NelsonHall: Transforming Mortgage & Loan Services 2025 NEAT • Infosys Finacle recognized as a leader in IDC MarketScape: Worldwide Corporate Loan Origination Systems 2025 Vendor Assessment • Infosys Finacle recognized as a leader in IDC MarketScape: Worldwide Corporate Loan Lifecycle Management 2025 Vendor Assessment • Infosys Finacle along with its customers received three awards at the MEA Finance Leaders in Payments Awards 2025 for Best Real-Time Payments Implementation - Qatar National Bank, Best Real-Time Payments Provider - Infosys Finacle, and Best Instant Payments Technology Solution - Infosys Finacle • Infosys Finacle along with its customers received three awards at the Finnovex Awards Saudi Arabia 2025 for Excellence in Digital Transformation - Arab National Bank, Excellence in Digital Corporate Banking - Banque Saudi Fransi, and Excellence in Composable Banking Platforms - Infosys Finacle Read more about our Awards & Recognitions here. Infosys Limited – Press Release Page 5 of 8", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 39, "section": "Press Release", "subsection": "About Infosys", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b6793736d3d84d2d"}, {"chunk_id": "59aeb036dfb6556c", "content": "in Digital Corporate Banking - Banque Saudi Fransi, and Excellence in Composable Banking Platforms - Infosys Finacle Read more about our Awards & Recognitions here. Infosys Limited – Press Release Page 5 of 8 Infosys is a global leader in next-generation digital services and consulting. Over 320,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in 59 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace. Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 39, "section": "Press Release", "subsection": "About Infosys", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b6793736d3d84d2d"}, {"chunk_id": "d16f502b4e1d54b0", "content": "Certain statements in this release concerning our future growth prospects, our future financial or operating performance, the McCamish cybersecurity incident, and the United States H-1B visa program are forward looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid working model, economic uncertainties and geo-political situations, technological disruptions and innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, the outcome of pending litigation, the amount of any additional costs resulting directly or indirectly from", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 41, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6ddb7901cecd01e0"}, {"chunk_id": "e36386c357c178b9", "content": "acquisitions, the outcome of pending litigation, the amount of any additional costs resulting directly or indirectly from the McCamish cybersecurity incident, the outcome of the government investigation, the timing, implementation, duration and effect of the September 19, 2025 proclamation signed by the president of the United States related to the H-1B visa program, and the effect of current and any future tariffs. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2025. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward- looking statements that may be made from time to time by or on behalf of the Company unless it is required by law. Investor Relations Sandeep Mahindroo +91 80 3980 1018 Sandeep_Mahindroo@infosys.com Media Relations Rishi Basu +91 80 4156 3998 Rajarshi.Basu@infosys.com Infosys Limited – Press Release Page 6 of 8 Infosys Limited and subsidiaries Extracted from the Condensed Consolidated Balance Sheet under IFRS as at:", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 41, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6ddb7901cecd01e0"}, {"chunk_id": "9a25e0437cc70f20", "content": "Media Relations Rishi Basu +91 80 4156 3998 Rajarshi.Basu@infosys.com Infosys Limited – Press Release Page 6 of 8 Infosys Limited and subsidiaries Extracted from the Condensed Consolidated Balance Sheet under IFRS as at: (Dollars in millions) September 30, 2025 March 31, 2025 ASSETS Cash and cash equivalents 3,585 2,861 Current investments 1,420 1,460 Trade receivables 3,826 3,645 Unbilled revenue 1,612 1,503 Other current assets 1,470 1,890 Total current assets 11,913 11,359 Property, plant and equipment and Right-of-use assets 2,172 2,235 Goodwill and other Intangible assets 1,652 1,505 Non-current investments 1,225 1,294 Unbilled revenue 260 261 Other non-current assets 842 765 Total non-current assets 6,151 6,060 Total assets 18,064 17,419 LIABILITIES AND EQUITY Current liabilities Trade payables 432 487 Unearned revenue 1,016 994 Employee benefit obligations 375 340 Other current liabilities and provisions 3,401 3,191 Total current liabilities 5,224 5,012 Non-current liabilities Lease liabilities 674 675 Other non-current liabilities 479 477 Total non-current liabilities 1,153 1,152 Total liabilities 6,377 6,164 Total equity attributable to equity holders of the company 11,634 11,205 Non-controlling interests 53 50 Total equity 11,687 11,255 Total liabilities and equity 18,064 17,419 Extracted from the Condensed Consolidated statement of Comprehensive Income under IFRS for: (Dollars in millions except per equity share data) 3 months ended 2024 Revenues 5,076 4,894 10,018 9,608 Cost of sales 3,516 3,400 6,933 6,659 Gross profit 1,560 1,494 3,085 2,949 Operating expenses:", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 41, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6ddb7901cecd01e0"}, {"chunk_id": "9fd70a17b5c708a2", "content": "(Dollars in millions except per equity share data) 3 months ended 2024 Revenues 5,076 4,894 10,018 9,608 Cost of sales 3,516 3,400 6,933 6,659 Gross profit 1,560 1,494 3,085 2,949 Operating expenses: Selling and marketing expenses 254 221 512 454 Administrative expenses 241 240 480 469 Total operating expenses 495 461 992 923 Operating profit 1,065 1,033 2,093 2,026 Other income, net (3) 100 72 210 160 Profit before income taxes 1,165 1,105 2,303 2,186 Income tax expense 325 327 654 644 Net profit (before minority interest) 840 778 1,649 1,542 Net profit (after non-controlling interest) 839 777 1,647 1,540 Basic EPS ($) 0.20 0.19 0.40 0.37 Diluted EPS ($) 0.20 0.19 0.40 0.37 Infosys Limited – Press Release Page 7 of 8 1. The above information is extracted from the audited condensed consolidated Balance sheet and Statement of Comprehensive Income for the quarter ended September 30, 2025, which have been taken on record at the Board meeting held on October 16, 2025. 2. A Fact Sheet providing the operating metrics of the Company can be downloaded from www.infosys.com. 3. Other income is net of Finance Cost. 4. As the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures reported for the previous quarter might not always add up to the six months ended figures reported in this statement. Infosys Limited – Press Release Page 8 of 8", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 41, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6ddb7901cecd01e0"}, {"chunk_id": "101a8fb8d302ce25", "content": "[OCR] Deloitte Chartered Accountants Prestige Trade Tower, Level 19 Haskins & Sells LLP 46, Palace Road, High Grounds Bengaluru-560 001 Karnataka, India Tel: +91 80 6188 6000 Fax; +91 80 6188 6011 INDEPENDENT AUDITOR'S REPORT TO THE BOARD OF DIRECTORS OF INFOSYS LIMITED the Report on the Audit of Interim Condensed Consolidated Financial Statements Opinion We have audited the accompanying interim condensed consolidated financial statements of INFOSYS LIMITED (the 'Company\") , and its subsidiaries (the Company and its subsidiaries together referred to as the 'Group\") , which comprise the Condensed Consolidated Balance Sheet as at September 30, 2025, the Condensed Consolidated Statement of Comprehensive Income for the three months and six months ended on that date, the Condensed Consolidated Statement of Changes in Equity, and the Condensed Consolidated Statement of Cash Flows for the six months ended on that date, and notes to the financial statements, including a summary of material accounting policies and other explanatory information (hereinafter referred to as the 'Interim Condensed Consolidated Financial Statements\") In our opinion and to the best of our information and according to the explanations given to uS, the aforesaid Interim Condensed Consolidated Financial Statements give a true and fair view in conformity with International Accounting Standard Interim Financial Reporting 34 34\") (\"IAS the International Accounting as issued by Standards Board (\"IASB\") , of the", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 42, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d94314e2ec24a436"}, {"chunk_id": "ca02b5835f4efde2", "content": "a true and fair view in conformity with International Accounting Standard Interim Financial Reporting 34 34\") (\"IAS the International Accounting as issued by Standards Board (\"IASB\") , of the consolidated state of affairs of the Group as at September 30, 2025, its consolidated and profit its consolidated total comprehensive income for the three months and six months ended on that date, its consolidated changes in equity and its consolidated cash flows for the Six months ended on that date. Basis for Opinion We conducted our audit of the Financial Statements Interim Condensed Consolidated in the Standards on Auditing accordance with (\"SAs\") issued by the Institute of Chartered Accountants of India (\"ICAI\"). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Interim Condensed Consolidated Financial Statements section of our report: We are independent of the Group in accordance with the Code of Ethics issued by the ICAI, and we have fulfilled our other ethical responsibilities in accordance with the Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion on the Interim Condensed Consolidated Financial Statements_ Responsibilities of Management and Board of Directors for the Interim Condensed Consolidated Financial Statements The Company's Board of Directors is responsible for the preparation and presentation of these", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 42, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d94314e2ec24a436"}, {"chunk_id": "ec7e30bc91473757", "content": "Financial Statements The Company's Board of Directors is responsible for the preparation and presentation of these Condensed Consolidated Financial Statements that give Interim a true and fair view of the consolidated financial position, performance, consolidated financial consolidated total comprehensive income, consolidated changes in equity and consolidated cash flows of the Group in accordance with IAS 34 as issued by the IASB_ The respective Boards of Directors of the entities included in the Group are responsible for maintenance of the adequate accounting records for safeguarding assets of the Group and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance ating internal   financial  controls , of adequate effectively for ensuring that the were the accounting completeness and of accuracy records, relevant the  preparation and to presentation of the respective interim financial statements that give a true and fair view and are free from material misstatement; whether due to fraud or error which have been used for the purpose of preparation of the Interim Condensed Consolidated Financial Statements by the Directors of the Company, as aforesaid_ Regd.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 42, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d94314e2ec24a436"}, {"chunk_id": "b8af005334aac180", "content": "the purpose of preparation of the Interim Condensed Consolidated Financial Statements by the Directors of the Company, as aforesaid_ Regd. Office: One International Center, Tower 3,31st floor, Senapati Bapat Marg; Elphinstone Road (West); Mumbai-400 013, Maharashtra, India: Deloitte Haskins & Sells LLP is registered with Limited Lial bility E having LLP identification No: AAB-8737", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 42, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d94314e2ec24a436"}, {"chunk_id": "c8c312195efd058a", "content": "[OCR] Deloitte Haskins & Sells LLP In preparing the Interim Condensed Consolidated Financial Statements, the respective Boards of Directors of the entities included in the Group are responsible for assessing the ability of the respective entities to continue as a going concern, disclosing, as applicable, matters related to the going concern basis of accounting unless the respective Boards using going concern and of Directors either intend to liquidate their respective entities or to cease operations, or have no realistic alternative but to do SO. The respective Boards of Directors of the entities included in the Group are also responsible for overseeing the financial reporting process of the Group. Consolidated Financial Auditor's   Responsibilities Condensed for the Audit of the Interim Statements obtain reasonable assurance about whether the Interim Condensed Our objectives are to a whole are free from material misstatement, whether Consolidated Financial Statements as and to issue an auditor's report that includes our opinion. Reasonable due to fraud or error an audit conducted in guarantee that a high level of assurance but is assurance is not Misstatements accordance with SAs will always detect a material misstatement when it exists_ can arise from fraud or error and are considered material if, individually or in the aggregate, could reasonably be expected to influence the economic decisions of users taken on the they", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 44, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4342a717291a3610"}, {"chunk_id": "ab152a997b85894a", "content": "can arise from fraud or error and are considered material if, individually or in the aggregate, could reasonably be expected to influence the economic decisions of users taken on the they basis of these Interim Condensed Consolidated Financial Statements_ As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit We also: Condensed of the Interim misstatement Identify and the risks of material assess or error, design and perform Consolidated Financial Statements, whether due to fraud audit procedures responsive to those risks, and obtain audit evidence that is sufficient and of not detecting material appropriate to provide basis for our opinion. The risk resulting from fraud is higher than for one resulting from error, as fraud misstatement may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal financial controls relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on effectiveness of such controls. of accounting policies reasonableness of the appropriateness used and the Evaluate accounting estimates and related disclosures made by management: concern basis of Conclude on the appropriateness of management's of the going use on the audit evidence obtained, whether material uncertainty", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 44, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4342a717291a3610"}, {"chunk_id": "6855028c91019958", "content": "accounting estimates and related disclosures made by management: concern basis of Conclude on the appropriateness of management's of the going use on the audit evidence obtained, whether material uncertainty accounting and, based exists related to events or conditions that may cast significant doubt on the ability of the uncertainty exists, going concern. If we conclude that a material Group to continue as we are required to draw attention in our auditor's report to the related disclosures in the such disclosures Condensed Consolidated Financial Statements are Interim or, audit evidence based on the inadequate, to modify opinion, Our conclusions are our obtained up to the date of our auditor's report; However, future events or conditions may going concern. cause the Group to cease to continue as of the Interim Condensed overall   presentation, and content Evaluate the structure Consolidated Financial Statements, including the disclosures, and whether the Interim Condensed Consolidated Financial Statements represent the underlying transactions and a manner that achieves fair presentation. events in Obtain sufficient appropriate audit evidence regarding the financial information of the entities within the Group to express an opinion on the Interim Condensed Consolidated Financial Statements. We are responsible for the direction, supervision and performance of the audit of financial statements of such entities included in the Interim Condensed", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 44, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4342a717291a3610"}, {"chunk_id": "fb245c49fe2f1331", "content": "Financial Statements. We are responsible for the direction, supervision and performance of the audit of financial statements of such entities included in the Interim Condensed Consolidated Financial Statements of which we are independent auditors_ [OCR] Deloitte Haskins & Sells LLP Materiality is the magnitude of misstatements in the Interim Condensed Consolidated Financial Statements that; individually or in aggregate, makes it probable that the economic decisions Financial Condensed Consolidated knowledgeable of the Interim of reasonably user We consider quantitative materiality and qualitative factors in Statements may be influenced_ (0) planning the scope of our audit work and in evaluating the results of our work; and (ii) to misstatements in the Interim Condensed Consolidated evaluate the effect of any identified Financial Statements. We communicate with those charged with governance of the Company and such other entities Consolidated Financial Statements of which we are the in the Interim Condensed included independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings including any significant deficiencies in internal financial controls that we identify during our audit_ We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 44, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4342a717291a3610"}, {"chunk_id": "83bc1807bd31227b", "content": "We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm's Registration No. 117366W/W-100018) te) Vikas Bagaria Partner (Membership No.060408) UDIN: Place: Bengaluru Date: October 16, 2025", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 44, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4342a717291a3610"}, {"chunk_id": "94d51108b7ebcfec", "content": "INFOSYS LIMITED AND SUBSIDIARIES Condensed Consolidated Financial Statements under International Financial Reporting Standards (IFRS) in US Dollars for the three months and six months ended September 30, 2025 Condensed Consolidated Balance Sheet……………………………………………………………………………….. 1 Condensed Consolidated Statement of Comprehensive Income……………………………………………………….. 2 Condensed Consolidated Statement of Changes in Equity ……………………………………..…………………………………….. 3 Condensed Consolidated Statement of Cash Flows………………………………………………………………………. 5 Overview and Notes to the Interim Condensed Consolidated Financial Statements 1.1 Company overview …………………………………………………….……………………………………………………. 6 1.2 Basis of preparation of financial statements …………………………………………………….…………………………………… 6 1.3 Basis of consolidation……………………………………………………………………………… 6 1.4 Use of estimates and judgments…………………………………………………………………. 6 1.5 Critical accounting estimates and judgments…………………………………………………… 6 1.6 Recent accounting pronouncements…………………………………………………………….. 7 2. Notes to the Interim Condensed Consolidated Financial Statements 2.1 Cash and cash equivalents ……………………………………………………………………….. 8 2.2 Investments…………………………………………………………………………………………….. 8 2.3 Financial instruments………………………………………………………………………………. 9 2.4 Prepayments and other assets………………………………………………………………………. 12 2.5 Other liabilities……………………………………………………………………………………….. 13", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 46, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1eaf4a033573cc23"}, {"chunk_id": "24534ca8d68cc204", "content": "8 2.3 Financial instruments………………………………………………………………………………. 9 2.4 Prepayments and other assets………………………………………………………………………. 12 2.5 Other liabilities……………………………………………………………………………………….. 13 2.6 Provisions and other contingencies…………………………………………………………………………………………… 14 2.7 Property, plant and equipment……………………………………………………………………….. 15 2.8 Leases……………………..……………………………………………………………………….. 17 2.9 Goodwill and Intangible assets...……………………………………………………………..... 20 2.10 Business combinations ………………………………...………………………………………. 21 2.11 Employees' Stock Option Plans (ESOP)………………………………………………………………………… 22 2.12 Income Taxes……………………………………………………………………………………. 24 2.13 Earnings per equity share……………………………………………………………………………………. 24 2.14 Related party transactions……………………………………………………………………………………………….. 25 2.15 Segment reporting…………………………………………………………………………………………26 2.16 Revenue from Operations…………………………………………………………………………………..28 2.17 Unbilled Revenue……………………………………………………………………………….. 29 2.18 Equity…………………….………………………………………………………………………… 30 2.19 Break-up of expenses and other income, net………………...…………………………………………………………… 32 (Dollars in millions except equity share data) Condensed Consolidated Balance Sheet as at Note September 30, 2025 March 31, 2025 ASSETS Current assets Cash and cash equivalents 2.1 3,585                                          2,861 Current investments 2.2 1,420                                          1,460 Trade receivables", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 46, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1eaf4a033573cc23"}, {"chunk_id": "b35e4463ce911d65", "content": "March 31, 2025 ASSETS Current assets Cash and cash equivalents 2.1 3,585                                          2,861 Current investments 2.2 1,420                                          1,460 Trade receivables 3,826                                          3,645 Unbilled revenue 2.17 1,612                                          1,503 Prepayments and other current assets 2.4 1,463                                          1,519 Income tax assets 2.12 3                                             348 Derivative financial instruments 2.3 4                                               23 Total current assets 11,913                                        11,359 Non-current assets Property, plant and equipment 2.7 1,452                                          1,497 Right-of-use assets 2.8 720                                             738 Goodwill 2.9 1,295                                          1,182 Intangible assets 357                                             323 Non-current investments 2.2 1,225                                          1,294 Unbilled revenue 2.17 260                                             261 Deferred income tax assets 2.12 172                                             130 Income tax assets 2.12 226                                             190 Other non-current assets 2.4 444                                             445 Total Non-current assets 6,151                                          6,060 Total assets", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 46, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1eaf4a033573cc23"}, {"chunk_id": "872622b0706ef188", "content": "Other non-current assets 2.4 444                                             445 Total Non-current assets 6,151                                          6,060 Total assets 18,064                                        17,419 Infosys Limited and subsidiaries Current liabilities Trade payables 432                                             487 Lease liabilities 2.8 312                                             287 Derivative financial instruments 2.3 56                                                 7 Current income tax liabilities 2.12 630                                             567 Unearned revenue 1,016                                             994 Employee benefit obligations 375                                             340 Provisions 2.6 184                                             173 Other current liabilities 2.5 2,219                                          2,157 Total current liabilities 5,224                                          5,012 Non-current liabilities Lease liabilities 2.8 674                                             675 Deferred income tax liabilities 2.12 190                                             202 Employee benefit obligations 12                                               11 Other non-current liabilities 2.5 277                                             264 Total Non-current liabilities 1,153                                          1,152 Total liabilities 6,377                                          6,164 Equity", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 46, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1eaf4a033573cc23"}, {"chunk_id": "2fef1130497c58f3", "content": "277                                             264 Total Non-current liabilities 1,153                                          1,152 Total liabilities 6,377                                          6,164 Equity LIABILITIES AND EQUITY Share capital - ₹5 ($0.16) par value 4,800,000,000 (4,800,000,000) equity shares authorized, issued and outstanding 4,145,309,946 (4,143,607,528) equity shares fully paid up, net of 9,091,403 (9,655,927) treasury shares as at September 30, 2025 (March 31, 2025) 2.18 325                                             325", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 46, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1eaf4a033573cc23"}, {"chunk_id": "a6ff0b44a4b2688f", "content": "Share premium 547                                             500 Retained earnings 14,664                                        13,766 Cash flow hedge reserves (1)                                               (2) Other reserves 865                                          1,171 Capital redemption reserve 24                                               24 Other components of equity (4,790)                                        (4,579) Total equity attributable to equity holders of the Company 11,634                                        11,205 Non-controlling interests 53                                               50 Total equity 11,687                                        11,255 Total liabilities and equity 18,064                                        17,419 The accompanying notes form an integral part of the interim condensed consolidated financial statements. As per our report of even date attached for Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited Chartered Accountants Firm’s Registration No: 117366W/ W-100018 Vikas Bagaria Nandan M. Nilekani Bobby Parikh Partner Chairman Director Membership No. 060408 Salil Parekh Chief Executive Officer and Managing Director Bengaluru Jayesh Sanghrajka October 16, 2025 Chief Financial Officer Company Secretary A.G.S. Manikantha Infosys Limited and subsidiaries (Dollars in millions except equity share and per equity share data) September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 47, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "59389558851147f4"}, {"chunk_id": "bb993f02e34bdfd1", "content": "Company Secretary A.G.S. Manikantha Infosys Limited and subsidiaries (Dollars in millions except equity share and per equity share data) September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024 Revenues 2.16 5,076                          4,894                           10,018                             9,608 Cost of sales 2.19 3,516                          3,400                             6,933                             6,659 Gross profit 1,560                          1,494                             3,085                             2,949 Operating expenses Condensed Consolidated Statement of Comprehensive Income for the Note Three months ended Selling and marketing expenses 2.19 254                             221                                512                                454 Administrative expenses 2.19 241                             240                                480                                469 Total operating expenses 495                             461                                992                                923 Operating profit 1,065                          1,033                             2,093                             2,026 Other income, net 2.19 112                               85                                234                                186 Finance cost 12                               13                                  24                                  26", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 47, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "59389558851147f4"}, {"chunk_id": "8b5a07dd030fbc75", "content": "Finance cost 12                               13                                  24                                  26 Profit before income taxes 1,165                          1,105                             2,303                             2,186 Income tax expense 2.12 325                             327                                654                                644 Net profit 840                             778                             1,649                             1,542 Other comprehensive income Items that will not be reclassified subsequently to profit or loss Remeasurement of the net defined benefit liability/asset, net (5)                               10                                (13)                                  12 Equity instruments through other comprehensive income, net (1)                                (1)                                    3                                    1 (6)                                 9                                (10) 13 Items that will be reclassified subsequently to profit or loss Fair value changes on investments, net (4)                               10                                  10                                  15 Fair value changes on derivatives designated as cash flow hedge, net -                                  (3)                                    1                                  (3)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 47, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "59389558851147f4"}, {"chunk_id": "25e8611481bfb2e6", "content": "Fair value changes on derivatives designated as cash flow hedge, net -                                  (3)                                    1                                  (3) Exchange differences on translation of foreign operations (290)                               17                              (210)                                    6 (294)                               24                              (199)                                  18 Total other comprehensive income/(loss), net of tax (300)                               33                              (209)                                  31 Total comprehensive income 540                             811                             1,440                             1,573 Profit attributable to: Owners of the Company 839                             777                             1,647                             1,540 Non-controlling interests 1                                 1                                    2                                    2 840                             778                             1,649                             1,542 Total comprehensive income attributable to: Owners of the Company 538                             809                             1,437                             1,570 Non-controlling interests 2                                 2                                    3                                    3", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 47, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "59389558851147f4"}, {"chunk_id": "efb82db8f43884c5", "content": "Non-controlling interests 2                                 2                                    3                                    3 540                             811                             1,440                             1,573 Earnings per equity share Basic ($) 0.20                            0.19                               0.40                               0.37 Diluted ($) 0.20                            0.19                               0.40                               0.37 Weighted average equity shares used in computing earnings per equity share", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 47, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "59389558851147f4"}, {"chunk_id": "3e78ce1f315ba6b3", "content": "Basic (in shares) 2.13 4,145,208,267            4,141,806,535               4,144,593,296               4,141,043,772 Diluted (in shares) 2.13 4,151,315,578            4,150,537,764               4,151,441,800               4,150,210,087 The accompanying notes form an integral part of the interim condensed consolidated financial statements. As per our report of even date attached for Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited Chartered Accountants Firm’s Registration No: 117366W/ W-100018 Vikas Bagaria Nandan M. Nilekani Bobby Parikh Partner Chairman Director Membership No. 060408 and Managing Director Chief Executive Officer Bengaluru Jayesh Sanghrajka October 16, 2025 Chief Financial Officer Company Secretary Infosys Limited and subsidiaries Condensed Consolidated Statement of Changes in Equity (Dollars in millions except equity share data) Total equity attributable to equity Number of Shares(1) Share capital Cash flow hedge reserve Balance as at April 1, 2024 4,139,950,635            325             425         12,557           1,623                   24                       1            (4,396)                          10,559                  46             10,605 Changes in equity for the six months ended September 30, 2024 Net profit -                 -                  -             1,540", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 49, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8a384279c113871a"}, {"chunk_id": "aa3bf230fdd59e4e", "content": "Changes in equity for the six months ended September 30, 2024 Net profit -                 -                  -             1,540 -                      -                        -                     -                             1,540                    2               1,542 Remeasurement of the net defined benefit liability/asset, net* Fair value changes on derivatives designated as Cash flow hedge, net* Equity instruments through other comprehensive income, net* -                 -                  -                   -                   -                      -                        -                    12                                 12 -                      12 -                 -                  -                   -                   -                      -                        -                      1                                   1 -                        1 -                 -                  -                   -                   -                      -                      (3) -                                  (3) -                     (3) Exchange differences on translation of foreign operations -                 -                  -                   -                   -                      -                        -                      5                                   5                    1                      6 Fair value changes on investments, net*", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 49, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8a384279c113871a"}, {"chunk_id": "eff6641fcfbfb8de", "content": "Fair value changes on investments, net* Total comprehensive income for the period -                 -                  -                   -                   -                      -                        -                    15                                 15 -                      15 -                 -                  -             1,540 -                      -                      (3)                  33                            1,570                    3               1,573 Employee stock compensation expense (Refer to note 2.11) Shares issued on exercise of employee stock options (Refer to note 2.11) 1,958,921 -                  -                   -                   -                      -                        -                     -                                   -                     -                       - -                 -                 49 -                   -                      -                        -                     -                                  49 -                      49 Transferred from other reserves on utilization Transfer on account of options not exercised -                 -                (1)                  1 -                      -                        -                     -                                   -                     -                       - -                 -                  -                  28              (28)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 49, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8a384279c113871a"}, {"chunk_id": "0b415b586c5a7051", "content": "-                 -                  -                  28              (28) -                        -                     -                                   -                     -                       - -                 -                  -                358            (358) -                        -                     -                                   -                     -                       - -                 -                  -          (1,389) -                      -                        -                     -                           (1,389) -              (1,389) Transferred from other reserves to retained earnings Balance as at September 30, 2024 4,141,909,556            325             473         13,095           1,237                   24                     (2)            (4,363)                          10,789                  49             10,838 Infosys Limited and subsidiaries Condensed Consolidated Statement of Changes in Equity (Dollars in millions except equity share data) Total equity attributable to equity Number of Shares(1) Share capital Cash flow hedge reserve Balance as at April 1, 2025 4,143,607,528            325             500         13,766           1,171                   24                     (2)            (4,579)                          11,205                  50             11,255 Changes in equity for the six months ended September 30, 2025 Net profit", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 49, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8a384279c113871a"}, {"chunk_id": "7ec05f895c7cf312", "content": "Changes in equity for the six months ended September 30, 2025 Net profit -                 -                  -             1,647 -                      -                        -                     -                             1,647                    2               1,649 Equity instruments through other comprehensive income, net* Remeasurement of the net defined benefit liability/asset, net* -                 -                  -                   -                   -                      -                        -                   (13)                               (13) -                   (13) -                 -                  -                   -                   -                      -                        -                      3                                   3 -                        3 Fair value changes on derivatives designated as Cash flow hedge, net* Exchange differences on translation of foreign operations -                 -                  -                   -                   -                      -                         1 -                                    1 -                        1", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 49, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8a384279c113871a"}, {"chunk_id": "d5a5ecc838de17d0", "content": "-                 -                  -                   -                   -                      -                        -                 (211)                             (211)                    1                (210) Fair value changes on investments, net* Total comprehensive income for the period -                 -                  -                   -                   -                      -                        -                    10                                 10 -                      10 -                 -                  -             1,647 -                      -                         1               (211)                            1,437                    3               1,440 Financial liability under option arrangements Shares issued on exercise of employee stock options (Refer to note 2.11) 1,702,418 -                  -                   -                   -                      -                        -                     -                                   -                     -                       - -                 -                  -                 (1) -                      -                        -                     -                                  (1) -                     (1) Changes in the controlling stake of a subsidiary Employee stock compensation expense (Refer to note 2.11) -                 -                  -                    1", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 50, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "54da8ebeddaadf23"}, {"chunk_id": "e3371d2a78f06f18", "content": "-                     (1) Changes in the controlling stake of a subsidiary Employee stock compensation expense (Refer to note 2.11) -                 -                  -                    1 -                      -                        -                     -                                    1 -                        1 -                 -                 53 -                   -                      -                        -                     -                                  53 -                      53 Income tax benefit arising on exercise of stock options (Refer to note 2.12) Transferred from other reserves on utilization Transferred on account of options not exercised -                 -                (7)                  7 -                      -                        -                     -                                   -                     -                       - -                 -                   1 -                   -                      -                        -                     -                                    1 -                        1 -                 -                  -                  47              (47) -                        -                     -                                   -                     -                       - Transferred from other reserves to retained earnings -                 -                  -                259            (259)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 50, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "54da8ebeddaadf23"}, {"chunk_id": "5b6263ed8d9711eb", "content": "Transferred from other reserves to retained earnings -                 -                  -                259            (259) -                        -                     -                                   -                     -                       - Balance as at September 30, 2025 4,145,309,946            325             547         14,664              865                   24                     (1)            (4,790)                          11,634                  53             11,687 * net of tax # net of treasury shares -                 -                  -          (1,062) -                      -                        -                     -                           (1,062) -              (1,062) (1)  excludes treasury shares of 9,091,403 as at September 30, 2025, 9,655,927 as at April 1, 2025, 10,237,261 as at September 30, 2024 and 10,916,829 as at April 1, 2024 held by consolidated trust. (2) Represents the Special Economic Zone Re-investment reserve created out of the profit of the eligible SEZ unit in terms of the provisions of Sec 10AA(1)(ii) of Income Tax Act,1961. The reserve should be utilized by the Group for acquiring new plant and machinery for the purpose of its business in terms of the provisions of the Sec 10AA(2) of the Income Tax Act, 1961. The accompanying notes form an integral part of the interim condensed consolidated financial statements.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 50, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "54da8ebeddaadf23"}, {"chunk_id": "07315d81e94bf31a", "content": "The accompanying notes form an integral part of the interim condensed consolidated financial statements. As per our report of even date attached for and on behalf of the Board of Directors of Infosys Limited Chartered Accountants Firm’s Registration No: 117366W/ W-100018 for Deloitte Haskins & Sells LLP Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director Membership No. 060408 and Managing Director Bengaluru Jayesh Sanghrajka A.G.S. Manikantha October 16, 2025 Chief Financial Officer Company Secretary Condensed Consolidated Statement of Cash Flows Infosys Limited and subsidiaries Cash flows are reported using the indirect method, whereby profit for the period is adjusted for the effects of transactions of a non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments and item of income or expenses associated with investing or financing cash flows. The cash flows from operating, investing and financing activities of the Group are segregated. The Group considers all highly liquid investments that are readily convertible to known amounts of cash to be cash equivalents. (Dollars in millions) Particulars Note September 30, 2025 September 30, 2024 Operating activities Net Profit 1,649                           1,542 Adjustments to reconcile net profit to net cash provided by operating activities Depreciation and amortization 268                              276 Interest and dividend income", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 50, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "54da8ebeddaadf23"}, {"chunk_id": "20f35dece8f7d708", "content": "Adjustments to reconcile net profit to net cash provided by operating activities Depreciation and amortization 268                              276 Interest and dividend income (72)                              (73) Finance cost 24                                26 Income tax expense 2.12 654                              644 Exchange differences on translation of assets and liabilities, net 67                              (35) Impairment loss recognized/(reversed) under expected credit loss model 4                                11 Stock compensation expense 54                                50 Provision for post sale client support (12)                                  3 Other adjustments 77                              105 Changes in working capital", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 50, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "54da8ebeddaadf23"}, {"chunk_id": "77405373ee0fa8d3", "content": "Trade receivables and unbilled revenue (506)                            (327) Prepayments and other assets (8)                              (25) Trade payables (52)                              (18) Unearned revenue 59                              (16) Other liabilities and provisions 279                              146 Cash generated from operations 2,485                           2,309 Income taxes (paid) / received (345)                            (259) Net cash generated by operating activities 2,140                           2,050 Investing activities Expenditure on property, plant and equipment and intangibles (155)                            (117) Deposits placed with Corporation (79)                              (69) Redemption of deposits placed with Corporation 45                                43 Interest and dividend received 65                                65 Payment for acquisition of business, net of cash acquired 2.10 (76)                            (377) Payment of contingent consideration pertaining to acquisition of business (1) - Other receipts 1 - Payments to acquire Investments Liquid mutual funds units (4,161)                         (4,010) Certificates of deposit (824)                            (225) Quoted debt securities (367)                            (126) Commercial paper (310)                            (266) Other investments (3)                                (2) Proceeds on sale of investments Liquid mutual funds units", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 51, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "38d9b9ec60befebe"}, {"chunk_id": "fa5a73eab9d832cb", "content": "(367)                            (126) Commercial paper (310)                            (266) Other investments (3)                                (2) Proceeds on sale of investments Liquid mutual funds units 3,801                           4,069 Certificates of deposit 675                              475 Quoted debt securities 711                              148 Commercial paper 539                              854 Net cash generated from investing activities (139)                              462 Financing activities Payment of lease liabilities (159)                            (142) Payment of dividends (1,063)                         (1,386) Loan repayment of in-tech Holding GmbH -                             (118) Other payments (21)                              (32) Net cash used in financing activities (1,243)                         (1,678) Net increase/(decrease) in cash and cash equivalents 758                              834 Effect of exchange rate changes on cash and cash equivalents (34)                                (6) Cash and cash equivalents at the beginning of the period 2.1 2,861 1,773 Cash and cash equivalents at the end of the period 2.1 3,585 2,601 Supplementary information: Restricted cash balance 2.1 46                                49 The accompanying notes form an integral part of the interim condensed consolidated financial statements. As per our report of even date attached for Deloitte Haskins & Sells LLP", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 51, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "38d9b9ec60befebe"}, {"chunk_id": "c662df47007c8f95", "content": "The accompanying notes form an integral part of the interim condensed consolidated financial statements. As per our report of even date attached for Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited Chartered Accountants Firm’s Registration No: 117366W/ W-100018 Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director Membership No. 060408 and Managing Director Bengaluru Jayesh Sanghrajka A.G.S. Manikantha October 16, 2025 Chief Financial Officer Company Secretary INFOSYS LIMITED AND SUBSIDIARIES Overview and Notes to the Interim Condensed Consolidated Financial Statements Infosys Limited ('the Company' or Infosys) provides consulting, technology, outsourcing and next-generation digital services, to enable clients to execute strategies for their digital transformation. Infosys strategic objective is to build a sustainable organization that remains relevant to the agenda of clients, while creating growth opportunities for employees and generating profitable returns for investors. Infosys strategy is to be a navigator for our clients as they ideate, plan and execute on their journey to a digital future. Infosys together with its subsidiaries and controlled trusts is herein after referred to as the \"Group\".", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 51, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "38d9b9ec60befebe"}, {"chunk_id": "1bb1fbbd4162e48e", "content": "Infosys together with its subsidiaries and controlled trusts is herein after referred to as the \"Group\". The company is a public limited company incorporated and domiciled in India and has its registered office at Electronics city, Hosur Road, Bengaluru 560100, Karnataka, India. The company has its primary listings on the BSE Ltd. and National Stock Exchange of India Limited. The company’s American Depositary Shares (ADS) representing equity shares are listed on the New York Stock Exchange (NYSE). The Group's interim condensed consolidated financial statements are approved for issue by the company's Board of Directors on October 16, 2025. 1.2 Basis of preparation of financial statements The interim condensed consolidated financial statements have been prepared in compliance with IAS 34, Interim Financial Reporting as issued by International Accounting Standards Board, under the historical cost convention on accrual basis except for certain financial instruments which are measured at fair values and defined benefit liability/(asset) which is recognized at the present value of defined benefit obligation less fair value of plan assets. Accordingly, these interim condensed consolidated financial statements do not include all the information required for a complete set of financial statements. These interim condensed consolidated financial statements should be read in conjunction with the consolidated", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 51, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "38d9b9ec60befebe"}, {"chunk_id": "30d1e12144a45787", "content": "information required for a complete set of financial statements. These interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes included in the company’s Annual Report on Form 20-F for the year ended March 31, 2025. Accounting policies have been consistently applied except where a newly issued accounting standard is initially adopted or a revision to an existing accounting standard requires a change in the accounting policy hitherto in use. The material accounting policy information used in preparation of the audited interim condensed consolidated financial statements have been discussed in the respective notes. As the quarter and year to date figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures reported for the previous quarters might not always add up to the year to date figures reported in this statement. 1.3 Basis of consolidation", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 51, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "38d9b9ec60befebe"}, {"chunk_id": "2222ac7f004afe94", "content": "Infosys consolidates entities which it owns or controls. The interim condensed consolidated financial statements comprise the financial statements of the company, its controlled trusts and its subsidiaries. Control exists when the parent has power over the entity, is exposed, or has rights to variable returns from its involvement with the entity and has the ability to affect those returns by using its power over the entity. Power is demonstrated through existing rights that give the ability to direct relevant activities, those which significantly affect the entity's returns. Subsidiaries are consolidated from the date control commences until the date control ceases. The financial statements of the Group companies are consolidated on a line-by-line basis and intra-group balances and transactions including unrealized gain / loss from such transactions are eliminated upon consolidation. These financial statements are prepared by applying uniform accounting policies in use at the Group. Non-controlling interests which represent part of the net profit or loss and net assets of subsidiaries that are not, directly or indirectly, owned or controlled by the company, are excluded. 1.4 Use of estimates and judgments The preparation of the Interim condensed consolidated financial statements in conformity with IFRS requires Management to make estimates, judgments and assumptions. These", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 52, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "39af8d53ce721a47"}, {"chunk_id": "552f6953c6da2755", "content": "1.4 Use of estimates and judgments The preparation of the Interim condensed consolidated financial statements in conformity with IFRS requires Management to make estimates, judgments and assumptions. These estimates, judgments and assumptions affect the application of accounting policies and the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the interim condensed consolidated financial statements and reported amounts of revenues and expenses during the period. The application of accounting policies that require critical accounting estimates involving complex and subjective judgments and the use of assumptions in these financial statements have been disclosed in Note 1.5. Accounting estimates could change from period to period. Actual results could differ from those estimates. Appropriate changes in estimates are made as Management becomes aware of changes in circumstances surrounding the estimates. Changes in estimates and judgements are reflected in the financial statements in the period in which changes are made and, if material, their effects are disclosed in the notes to the interim condensed consolidated financial statements. 1.5 Critical accounting estimates and judgments a. Revenue recognition The Group’s contracts with customers include promises to transfer multiple products and services to a customer.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 52, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "39af8d53ce721a47"}, {"chunk_id": "04de811196223322", "content": "1.5 Critical accounting estimates and judgments a. Revenue recognition The Group’s contracts with customers include promises to transfer multiple products and services to a customer. Revenues from customer contracts are considered for recognition and measurement when the contract has been approved, in writing, by the parties to the contract, the parties to contract are committed to perform their respective obligations under the contract, and the contract is legally enforceable. The Group assesses the services promised in a contract and identifies distinct performance obligations in the contract. Identification of distinct performance obligations to determine the deliverables and the ability of the customer to benefit independently from such deliverables, and allocation of transaction price to these distinct performance obligations involves significant judgement. Fixed price maintenance revenue is recognized ratably on a straight-line basis when services are performed through an indefinite number of repetitive acts over a specified period. Revenue from fixed price maintenance contract is recognized ratably using a percentage of completion method when the pattern of benefits from the services rendered to the customer and Group’s costs to fulfil the contract is not even through the period of the contract because the services are generally discrete in nature and not repetitive. The use of method to", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 52, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "39af8d53ce721a47"}, {"chunk_id": "e0ff8dd2694ed0b1", "content": "and Group’s costs to fulfil the contract is not even through the period of the contract because the services are generally discrete in nature and not repetitive. The use of method to recognize the maintenance revenues requires judgment and is based on the promises in the contract and nature of the deliverables. The Group uses the percentage-of-completion method in accounting for other fixed-price contracts. Use of the percentage-of-completion method requires the Group to determine the actual efforts or costs expended to date as a proportion of the estimated total efforts or costs to be incurred. Efforts or costs expended have been used to measure progress towards completion as there is a direct relationship between input and productivity. The estimation of total efforts or costs involves significant judgement and is assessed throughout the period of the contract to reflect any changes based on the latest available information. Contracts with customers includes subcontractor services or third-party vendor equipment or software in certain integrated services arrangements. In these types of arrangements, revenue from sales of third-party vendor products or services is recorded net of costs when the Group is acting as an agent between the customer and the vendor, and gross when the Group is the principal for the transaction.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 52, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "39af8d53ce721a47"}, {"chunk_id": "bac5851647465f09", "content": "Group is the principal for the transaction. In doing so, the Group first evaluates whether it obtains control of the specified goods or services before they are transferred to the customer. The Group considers whether it is primarily responsible for fulfilling the promise to provide the specified goods or services, inventory risk, pricing discretion and other factors to determine whether it controls the specified goods or services and therefore, is acting as a principal or an agent. Provisions for estimated losses, if any, on incomplete contracts are recorded in the period in which such losses become probable based on the estimated efforts or costs to complete the contract. The Group's two major tax jurisdictions are India and the United States, though the company also files tax returns in other overseas jurisdictions. Significant judgments are involved in determining the provision for income taxes, including amount expected to be paid/recovered for uncertain tax positions.� In assessing the realizability of deferred income tax assets, Management considers whether some portion or all of the deferred income tax assets will not be realized. The ultimate realization of deferred income tax assets is dependent upon the generation of future taxable income during the periods in which the temporary differences become deductible.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 52, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "39af8d53ce721a47"}, {"chunk_id": "ab89bfbf18a72ddb", "content": "The ultimate realization of deferred income tax assets is dependent upon the generation of future taxable income during the periods in which the temporary differences become deductible. Management considers the scheduled reversals of deferred income tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based on the level of historical taxable income and projections for future taxable income over the periods in which the deferred income tax assets are deductible, Management believes that the group will realize the benefits of those deductible differences. The amount of the deferred income tax assets considered realizable, however, could be reduced in the near term if estimates of future taxable income during the carry forward period are reduced. (Refer to note 2.12) c. Business combinations and intangible assets", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 52, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "39af8d53ce721a47"}, {"chunk_id": "eb7299b253c8aa27", "content": "Business combinations are accounted for using IFRS 3 (Revised), Business Combinations. IFRS 3 requires us to fair value identifiable intangible assets and contingent consideration to ascertain the net fair value of identifiable assets, liabilities and contingent liabilities of the acquiree. These valuations are conducted by external valuation experts. Estimates are required to be made in determining the value of contingent consideration, value of option arrangements and intangible assets. These measurements are based on information available at the acquisition date and are based on expectations and assumptions that have been deemed reasonable by Management. (Refer to note 2.10 and 2.9.2) d. Property, plant and equipment Property, plant and equipment represent a significant proportion of the asset base of the Group. The charge in respect of periodic depreciation is derived after determining an estimate of an asset’s expected useful life and the expected residual value at the end of its life. The useful lives and residual values of Group's assets are determined by Management at the time the asset is acquired and reviewed periodically, including at each financial year end. The lives are based on historical experience with similar assets as well as anticipation of future events, which may impact their life, such as changes in technology (Refer to note 2.7) e. Impairment of Goodwill", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 53, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9accfe5151f44887"}, {"chunk_id": "94a9237c4d5634f0", "content": "events, which may impact their life, such as changes in technology (Refer to note 2.7) e. Impairment of Goodwill Goodwill is tested for impairment on an annual basis and whenever there is an indication that the recoverable amount of a cash generating unit (CGUs) is less than it’s carrying amount. For the impairment test, goodwill is allocated to the CGU or groups of CGUs which benefit from the synergies of the acquisition and which represent the lowest level at which goodwill is monitored for internal management purposes. The recoverable amount of CGUs is determined based on higher of value-in-use and fair value less cost to sell. Key assumptions in the cash flow projections are prepared based on current economic conditions and comprises estimated long term growth rates, weighted average cost of capital and estimated operating margins. (Refer to note 2.9.1) 1.6 Recent accounting pronouncements New and revised IFRS Standards in issue but not yet effective: IFRS 18 Presentation and Disclosures in Financial Statements                                                         Presentation and Disclosures in Financial Statements Amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures         Amendments to the Classification and Measurement of Financial Instruments", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 53, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9accfe5151f44887"}, {"chunk_id": "4318fb9ef91ee6f5", "content": "Amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures         Amendments to the Classification and Measurement of Financial Instruments Amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures         Contracts Referencing Nature-dependent Electricity IFRS 18 – Presentation and Disclosures in Financial Statements On April 9, 2024, IASB has issued IFRS 18 – Presentation and Disclosures in Financial Statements that will replace IAS 1 Presentation of Financial Statements from its effective date. IFRS 18 introduces new requirements for information presented in the primary financial statements and disclosed in the notes. The new requirements are focused on the statement of profit or loss. IFRS 18 introduces three categories for income and expenses, that is, operating, investing and financing to improve the structure of the income statement. IFRS 18 is effective for annual reporting periods beginning on or after January 1, 2027, although early adoption is permitted. The Group is yet to evaluate the impact of the amendment. Amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures On May 30, 2024, IASB has issued amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures, which clarifies the classification of financial assets", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 53, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9accfe5151f44887"}, {"chunk_id": "161c2478ec706b0f", "content": "On May 30, 2024, IASB has issued amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures, which clarifies the classification of financial assets with environmental, social and corporate governance (ESG) and similar features, derecognition of financial liability settled through electronic payment systems and also introduces additional disclosure requirements to enhance transparency for investors regarding investments in equity instruments designated at fair value through other comprehensive income and financial instruments with contingent features. The effective date for adoption of these amendments is annual reporting periods beginning on or after January 1, 2026, although early adoption is permitted. The Group is yet to evaluate the impact of these amendments. On December 18, 2024, IASB has issued amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures, relating to factors an entity is required to consider in assessing the own-use requirements for contracts to buy and take delivery of nature-dependent renewable electricity; hedge accounting treatment for nature-dependent renewable electricity and related disclosures. The effective date for adoption of these amendments is annual reporting periods beginning on or after January 1, 2026, although early adoption is permitted. The Group has evaluated", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 53, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9accfe5151f44887"}, {"chunk_id": "6943f2914396bd6d", "content": "The effective date for adoption of these amendments is annual reporting periods beginning on or after January 1, 2026, although early adoption is permitted. The Group has evaluated the amendment and there is no impact on its consolidated financial statements. 2. Notes to the Interim Condensed Consolidated Financial Statements 2.1 Cash and cash equivalents Cash and cash equivalents consist of the following: (Dollars in millions) September 30, 2025 March 31, 2025 Cash and bank deposits 3,585                     2,861 Total Cash and cash equivalents 3,585                     2,861 Cash and cash equivalents as at September 30, 2025 and March 31, 2025 include restricted cash and bank balances of $46 million and $50 million, respectively. The restrictions are primarily on account of bank balances held by irrevocable trusts controlled by the company. The deposits maintained by the Group with banks comprise of time deposits, which can be withdrawn by the Group at any point without prior notice or penalty on the principal. (Dollars in millions) Particulars The carrying value of the investments are as follows: September 30, 2025 March 31, 2025 (i) Current Investments Quoted debt securities 8                          20 Fair Value through other comprehensive income Quoted Debt Securities 81                        375 Certificates of deposits 551                        410 Commercial Paper 195                        426 Fair Value through profit or loss", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 53, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9accfe5151f44887"}, {"chunk_id": "a2c955914c9a17c0", "content": "Quoted Debt Securities 81                        375 Certificates of deposits 551                        410 Commercial Paper 195                        426 Fair Value through profit or loss Liquid mutual fund units 585                        229 Total current investments 1,420                     1,460 (ii) Non-current Investments Amortized Cost Quoted debt securities 49                        173 Fair Value through other comprehensive income Quoted debt securities 1,065                     1,014 Quoted equity securities 9                            7 Unquoted equity and preference securities 20                          20 Fair Value through profit or loss Target maturity fund units 54                          54 Unquoted equity and preference securities 3                            3", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 53, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9accfe5151f44887"}, {"chunk_id": "38886c5c4ab4c6bf", "content": "Others(1) 25                          23 Total Non-current investments 1,225                     1,294 Total investments 2,645                     2,754 Investments carried at amortized cost 57                        193 Investments carried at fair value through other comprehensive income 1,921                     2,252 Investments carried at fair value through profit or loss 667                        309 (1)  Uncalled capital commitments outstanding as on September 30, 2025 and March 31, 2025 was $12 million and $14 million, respectively. Refer to note 2.3 for accounting policies on financial instruments. Method of fair valuation: (Dollars in millions) Class of Investment Method September 30, 2025 March 31, 2025 Liquid mutual fund units - carried at fair value through profit or loss 585 229 Target maturity fund units - carried at fair value through profit or loss 54 54 Quoted debt securities- carried at amortized cost 58 213 Quoted price and market observable inputs Quoted price Quoted price Quoted debt securities- carried at fair value through other comprehensive income Quoted price and market observable inputs 1,146 1,389 Commercial Paper - carried at fair value through other comprehensive income 195 426 Certificates of Deposit - carried at fair value through other comprehensive income 551 410 Market observable inputs Market observable inputs Unquoted equity and preference securities - carried at fair value through profit or loss", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 54, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d59c53796af75b93"}, {"chunk_id": "0ffb570cf3d7c23a", "content": "551 410 Market observable inputs Market observable inputs Unquoted equity and preference securities - carried at fair value through profit or loss Discounted cash flows method, Market multiples method, Option pricing model 3 3 Unquoted equity and preference securities - carried at fair value through other comprehensive income Discounted cash flows method, Market multiples method, Option pricing model 20 20 Quoted equity securities - carried at fair value through other comprehensive income Quoted price 9 7 Others - carried at fair value through profit or loss 25 23 Discounted cash flows method, Market multiples method, Option pricing model Total 2,646 2,774 Note: Certain quoted investments are classified as Level 2 in the absence of active market for such investments. 2.3.1 Initial recognition The Group recognizes financial assets and financial liabilities when it becomes a party to the contractual provisions of the instrument. All financial assets and liabilities are recognized at fair value on initial recognition, except for trade receivables which are initially measured at transaction price. Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities, which are not at fair value through profit or loss, are added to the fair value on initial recognition. Regular way purchase and sale of financial assets are accounted for at trade date.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 54, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d59c53796af75b93"}, {"chunk_id": "5dd9f3e60e26db5b", "content": "Regular way purchase and sale of financial assets are accounted for at trade date. 2.3.2 Subsequent measurement a. Non-derivative financial instruments (i) Financial assets carried at amortized cost A financial asset is subsequently measured at amortized cost if it is held within a business model whose objective is to hold the asset in order to collect contractual cash flows and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. A financial asset is subsequently measured at fair value through other comprehensive income if it is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. The Group has made an irrevocable election for certain investments which are classified as equity instruments to present the subsequent changes in fair value in other comprehensive income based on its business model. (ii) Financial assets carried at fair value through other comprehensive income (FVOCI) (iii) Financial assets carried at fair value through profit or loss (FVTPL)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 54, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d59c53796af75b93"}, {"chunk_id": "5e1037e3f6e3bdd2", "content": "(ii) Financial assets carried at fair value through other comprehensive income (FVOCI) (iii) Financial assets carried at fair value through profit or loss (FVTPL) A financial asset which is not classified in any of the above categories is subsequently fair valued through profit or loss. (iv) Financial liabilities Financial liabilities are subsequently carried at amortized cost using the effective interest method, except for contingent consideration and financial liability under option arrangements recognized in a business combination which is subsequently measured at fair value through profit or loss. b. Derivative financial instruments The Group holds derivative financial instruments such as foreign exchange forward and option contracts to mitigate the risk of changes in exchange rates on foreign currency exposures. The counterparty for such contracts is generally a bank. (i) Financial assets or financial liabilities, carried at fair value through profit or loss This category includes derivative financial assets or liabilities which are not designated as hedges. Although the Group believes that these derivatives constitute hedges from an economic perspective, they may not qualify for hedge accounting under IFRS 9, Financial Instruments. Any", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 54, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d59c53796af75b93"}, {"chunk_id": "df491c280573afec", "content": "Although the Group believes that these derivatives constitute hedges from an economic perspective, they may not qualify for hedge accounting under IFRS 9, Financial Instruments. Any derivative that is either not designated as hedge, or is so designated but is ineffective as per IFRS 9, is categorized as a financial asset or financial liability carried at fair value through profit or loss. Derivatives not designated as hedges are recognized initially at fair value and attributable transaction costs are recognized in net profit in the consolidated statement of comprehensive income when incurred. Subsequent to initial recognition, these derivatives are measured at fair value through profit or loss and the resulting exchange gains or losses are included in other income. Assets/ liabilities in this category are presented as current assets/current liabilities if they are either held for trading or are expected to be realized within 12 months after the balance sheet date. Primarily the Group designates certain foreign exchange forward and options contracts as cash flow hedges to mitigate the risk of foreign exchange exposure on highly probable forecast cash transaction.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 54, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d59c53796af75b93"}, {"chunk_id": "547a3deb8ee2a4e7", "content": "When a derivative is designated as a cash flow hedging instrument, the effective portion of changes in the fair value of the derivative is recognized in other comprehensive income and accumulated in the cash flow hedging reserve. Any ineffective portion of changes in the fair value of the derivative is recognized immediately in the net profit in the interim consolidated statement of comprehensive income. If the hedging instrument no longer meets the criteria for hedge accounting, then hedge accounting is discontinued prospectively. If the hedging instrument expires or is sold, terminated or exercised, the cumulative gain or loss on the hedging instrument recognized in cash flow hedging reserve till the period the hedge was effective remains in cash flow hedging reserve until the forecasted transaction occurs. The cumulative gain or loss previously recognized in the cash flow hedging reserve is transferred to the net profit in the consolidated statement of comprehensive income upon the occurrence of the related forecasted transaction. If the forecasted transaction is no longer expected to occur, then the amount accumulated in cash flow hedging reserve is reclassified to net profit in the interim condensed consolidated statement of comprehensive income. 2.3.3 Derecognition of financial instruments", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 55, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1e9dacd6dcd13134"}, {"chunk_id": "bc50a751680f9da2", "content": "accumulated in cash flow hedging reserve is reclassified to net profit in the interim condensed consolidated statement of comprehensive income. 2.3.3 Derecognition of financial instruments The Group derecognizes a financial asset when the contractual rights to the cash flows from the financial asset expire or it transfers the financial asset and the transfer qualifies for derecognition under IFRS 9. A financial liability (or a part of a financial liability) is derecognized from the group's balance sheet when the obligation specified in the contract is discharged or cancelled or expires. 2.3.4 Fair value of financial instruments In determining the fair value of its financial instruments, the Group uses a variety of methods and assumptions that are based on market conditions and risks existing at each reporting date. The methods used to determine fair value include discounted cash flow analysis, option pricing model, market multiples, available quoted market prices and dealer quotes. All methods of assessing fair value result in general approximation of value, and such value may never actually be realized. Refer to table ‘Financial instruments by category’ below for the disclosure on carrying value and fair value of financial assets and liabilities. For financial assets and liabilities maturing within", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 55, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1e9dacd6dcd13134"}, {"chunk_id": "a2664e5b4b809a82", "content": "Refer to table ‘Financial instruments by category’ below for the disclosure on carrying value and fair value of financial assets and liabilities. For financial assets and liabilities maturing within one year from the Balance Sheet date and which are not carried at fair value, the carrying amounts approximate fair value due to the short maturity of these instruments. The Group recognizes loss allowances using the expected credit loss (ECL) model for the financial assets and unbilled revenue which are not fair valued through profit or loss. Loss allowance for trade receivables and unbilled revenues with no significant financing component is measured at an amount equal to lifetime ECL. For all other financial assets, expected credit losses are measured at an amount equal to the 12-month ECL, unless there has been a significant increase in credit risk from initial recognition in which case those are measured at lifetime ECL. The Group determines the allowance for credit losses based on historical loss experience adjusted to reflect current and estimated future economic conditions. The Group considers current and anticipated future economic conditions relating to industries the Group deals with and the countries where it operates.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 55, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1e9dacd6dcd13134"}, {"chunk_id": "3f3fadab9e039dd6", "content": "The Group considers current and anticipated future economic conditions relating to industries the Group deals with and the countries where it operates. The amount of ECL (or reversal) that is required to adjust the loss allowance at the reporting date to the amount that is required to be recorded is recognized as an impairment loss or gain in interim condensed consolidated statement of comprehensive income. The carrying value and fair value of financial instruments by categories as at September 30, 2025 are as follows: Financial assets / liabilities at fair value through profit or loss Financial assets / liabilities at fair (Dollars in millions) Equity instruments designated upon initial recognition cost Total  carrying value Designated upon initial recognition Assets: Cash and cash equivalents (Refer to note 2.1) 3,585 -                          -                              -                          -                                3,585                          3,585 Investments (Refer to note 2.2) Liquid mutual fund units -                          -                       585 -                          -                                   585                             585 Target maturity fund units -                          -                         54 -                          -                                     54                               54 Quoted debt securities 57", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 55, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1e9dacd6dcd13134"}, {"chunk_id": "0b6834b2609f5e8d", "content": "Target maturity fund units -                          -                         54 -                          -                                     54                               54 Quoted debt securities 57 -                          -                              -                    1,146                              1,203                          1,204  (1) Certificates of deposit -                          -                          -                              -                       551                                 551                             551 Commercial Papers -                          -                          -                              -                       195                                 195                             195 Quoted equity securities -                          -                          -                               9 -                                       9                                 9 Unquoted equity and preference securities -                           3 -                             20 -                                     23                               23 Unquoted investment others -                          -                         25 -                          -                                     25                               25 Trade receivables 3,826", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 55, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1e9dacd6dcd13134"}, {"chunk_id": "2cda3fb61beee2e4", "content": "Unquoted investment others -                          -                         25 -                          -                                     25                               25 Trade receivables 3,826 -                          -                              -                          -                                3,826                          3,826 Unbilled revenues (Refer to note 2.17)(3) 1,261 -                          -                              -                          -                                1,261                          1,261 Prepayments and other assets (Refer to note 2.4) 870 -                          -                              -                          -                                   870                             869  (2)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 55, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1e9dacd6dcd13134"}, {"chunk_id": "0820d39b6f6be583", "content": "Derivative financial instruments -                          -                           1 -                           3                                      4                                 4 Total 9,599                         3                     665                           29                  1,895                            12,191                        12,191 Liabilities: Trade payables 432 -                          -                              -                          -                                   432                             432 Lease liabilities (Refer to note 2.8) 986 -                          -                              -                          -                                   986                             986 Derivative financial instruments -                          -                         54 -                           2                                   56                               56 Financial liability under option arrangements (Refer to note 2.5) Other liabilities including contingent consideration (Refer to note 2.5) -                          -                         85 -                          -                                     85                               85 Total 3,400 -                       150 -                           2                              3,552                          3,552 (1)  On account of fair value changes including interest accrued 1,982", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 55, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e4789825f70b310c"}, {"chunk_id": "1486d79aff8f35f2", "content": "Total 3,400 -                       150 -                           2                              3,552                          3,552 (1)  On account of fair value changes including interest accrued 1,982 -                         11 -                          -                                1,993                          1,993 (2) Excludes interest accrued on quoted debt securities carried at amortized cost of $1 million (3)  Excludes unbilled revenue for contracts where the right to consideration is dependent on completion of contractual milestones The carrying value and fair value of financial instruments by categories as at March 31, 2025 were as follows: Financial assets/ liabilities at fair value through profit or loss Financial assets/liabilities at fair (Dollars in millions) Amortized cost Total  carrying value Total  fair value Designated upon initial recognition Equity instruments designated upon initial recognition Assets: Cash and cash equivalents (Refer to note 2.1) 2,861 -                          -                              -                          -                                2,861                          2,861 Investments (Refer to note 2.2) Liquid mutual fund units -                          -                       229 -                          -                                   229                             229 Target maturity fund units -                          -                         54", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 55, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e4789825f70b310c"}, {"chunk_id": "bcb689bda4434b7c", "content": "-                          -                                   229                             229 Target maturity fund units -                          -                         54 -                          -                                     54                               54 Quoted debt securities 193 -                          -                              -                    1,389                              1,582                          1,602    (1) Certificates of deposit -                          -                          -                              -                       410                                 410                             410 Commercial Papers -                          -                          -                              -                       426                                 426                             426 Quoted equity securities -                          -                          -                               7 -                                       7                                 7 Unquoted equity and preference securities -                           3 -                             20 -                                     23                               23 Unquoted investments others -                          -                         23 -                          -                                     23                               23 Trade receivables 3,645", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 55, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e4789825f70b310c"}, {"chunk_id": "facce0a3611e181a", "content": "Unquoted investments others -                          -                         23 -                          -                                     23                               23 Trade receivables 3,645 -                          -                              -                          -                                3,645                          3,645 Unbilled revenues (Refer to note 2.17)(3) 1,195 -                          -                              -                          -                                1,195                          1,195 Prepayments and other assets (Refer to note 2.4) 844 -                          -                              -                          -                                   844                             835  (2) Derivative financial instruments -                          -                         20 -                           3                                   23                               23 Total 8,738                         3                     326                           27                  2,228                            11,322                        11,333 Liabilities: Trade payables 487 -                          -                              -                          -                                   487                             487 Lease liabilities  (Refer to note 2.8) 962", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 55, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e4789825f70b310c"}, {"chunk_id": "8984951cbc57d7ec", "content": "487 -                          -                              -                          -                                   487                             487 Lease liabilities  (Refer to note 2.8) 962 -                          -                              -                          -                                   962                             962 Derivative financial instruments -                          -                           3 -                           4                                      7                                 7 Financial liability under option arrangements (Refer to note 2.5) -                          -                         77 -                          -                                     77                               77 Other liabilities including contingent consideration (Refer to note 2.5) 1,932 -                           3 -                          -                                1,935                          1,935 Total 3,381 -                         83 -                           4                              3,468                          3,468 (1)  On account of fair value changes including interest accrued", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 55, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e4789825f70b310c"}, {"chunk_id": "320258dc6c94e800", "content": "(2)  Excludes interest accrued on quoted debt securities carried at amortized cost of $9 million (3)  Excludes unbilled revenue for contracts where the right to consideration is dependent on completion of contractual milestones For trade receivables and trade payables, other assets and payables maturing within one year from the balance sheet date, the carrying amounts approximate fair value due to the short maturity of these instruments. Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs). Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices). The fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as at September 30, 2025 is as follows: Level 1 Level 2 Level 3 Assets Investments (Refer to note 2.2) Particulars As at September Fair value measurement at end of the reporting period using 585                     585 -                                  - 54                       54 -                                  - 1,204                  1,177                                   27 - 551 -                                   551 - 195 -                                   195 - 23", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 57, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "061e350165ccb6f8"}, {"chunk_id": "86efe8c614eb1bcd", "content": "-                                  - 1,204                  1,177                                   27 - 551 -                                   551 - 195 -                                   195 - 23 -                                      -                                 23 9                         9 -                                  - Investments in unquoted investments others 25 -                                      -                                 25 Others Investments in liquid mutual fund units Investments in quoted debt securities Investments in target maturity fund units Investments in unquoted equity and preference securities Investments in certificates of deposit Investments in commercial paper Investments in quoted equity securities 4 -                                       4 - Liabilities Derivative financial instruments- gain Derivative financial instruments - loss 56 -                                     56 - Financial liability under option arrangements (Refer to note 2.5)(1) 85 -                                      -                                 85 Liability towards contingent consideration (Refer to note 2.5)(2) 11 -                                      -                                 11 (1)Discount rate ranges from 9% to 15% (2)Discount rate ranges from 3% to 6%", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 57, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "061e350165ccb6f8"}, {"chunk_id": "ffe11e390c513918", "content": "11 -                                      -                                 11 (1)Discount rate ranges from 9% to 15% (2)Discount rate ranges from 3% to 6% During the six months ended September 30, 2025, quoted debt securities of $11 million were transferred from Level 2 to Level 1 of fair value hierarchy, since these were valued based on quoted price and quoted debt securities of $21 million were transferred from Level 1 to Level 2 of fair value hierarchy, since these were valued based on market observable inputs. The fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as at March 31, 2025 is as follows: Particulars Fair value measurement at end of the reporting period using As at March 31, 2025 (Dollars in millions) Level 1 Level 2 Level 3 Assets Investments (Refer to note 2.2) 229                     229 -                                  - 54                       54 -                                  - 1,602                  1,533                                   69 - 23 - -                               23 Investments in certificates of deposit 410 -                                   410 - 426 -                                   426 - Investments in quoted equity securities 7                         7 -                                  - Investments in unquoted investments others 23 - -                               23 Others Investments in liquid mutual fund units Investments in target maturity fund units", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 57, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "061e350165ccb6f8"}, {"chunk_id": "2bfa56eb2dfb87e2", "content": "-                                  - Investments in unquoted investments others 23 - -                               23 Others Investments in liquid mutual fund units Investments in target maturity fund units Investments in quoted debt securities Investments in unquoted equity and preference securities Investments in commercial paper 23 -                                     23 - Liabilities Derivative financial instruments- gain Financial liability under option arrangements (Refer to note 2.5)(1) 77 -                                      -                                 77 Derivative financial instruments- loss 7 -                                       7 - Liability towards contingent consideration (Refer to note 2.5)(2) 3 -                                      -                                   3 (1)Discount rate ranges from 9% to 15% During the year ended March 31, 2025, quoted debt securities of $35 million were transferred from Level 2 to Level 1 of fair value hierarchy, since these were valued based on quoted price and quoted debt securities of $65 million were transferred from Level 1 to Level 2 of fair value hierarchy, since these were valued based on market observable inputs. (2)Discount rate - 6% A one percentage point change in the unobservable inputs used in fair valuation of Level 3 assets and liabilities does not have a significant impact in its value.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 57, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "061e350165ccb6f8"}, {"chunk_id": "a11e21107cf38e23", "content": "(2)Discount rate - 6% A one percentage point change in the unobservable inputs used in fair valuation of Level 3 assets and liabilities does not have a significant impact in its value. Majority of investments of the Group are fair valued based on Level 1 or Level 2 inputs. These investments primarily include investment in liquid mutual fund units, target maturity fund units, quoted debt securities, certificates of deposit, commercial paper, quoted bonds issued by government and quasi-government organizations. The Group invests after considering counterparty risks based on multiple criteria including Tier I Capital, Capital Adequacy Ratio, Credit Rating, Profitability, NPA levels and Deposit base of banks and financial institutions. These risks are monitored regularly as per Group’s risk management program. 2.4 Prepayments and other assets Prepayments and other assets consist of the following: (Dollars in millions) September 30, 2025 March 31, 2025 Security deposits(1) 8                                     8", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 57, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "061e350165ccb6f8"}, {"chunk_id": "e97901f6c9716724", "content": "Loans to employees(1) 27                                   29 Prepaid expenses(2) 336                                 360 Interest accrued and not due(1) 75                                   99 Withholding taxes and others(2)(4) 297                                 332 Advance payments to vendors for supply of goods(2) 30                                   48 Deposit with corporations(1)(3) 357                                 345 Deferred contract cost Cost of obtaining a contract(2) 39                                   40 Cost of fulfillment(2) 69                                   59 Other non financial assets (2) 9                                   11 Net investment in lease(1) 159                                 133 Other financial assets(1) 57                                   55 Total Current prepayment and other assets 1,463                              1,519 Security deposits(1) 31                                   32 Loans to employees(1) 1                                     2 Prepaid expenses(2) 35                                   33 Deposit with corporations(1)(3) 17                                   10 Deferred contract cost Defined benefit plan assets(2) 30                                   35 Cost of obtaining a contract (2) 29                                   36 Cost of fulfillment(2) 102                                 103 Withholding taxes and others(2)(4) 61                                   63 Net investment in lease(1) 135                                 129 Other financial assets(1)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 59, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e8d443ec8af281aa"}, {"chunk_id": "06b4c85e82351c58", "content": "102                                 103 Withholding taxes and others(2)(4) 61                                   63 Net investment in lease(1) 135                                 129 Other financial assets(1) 3                                     2 Total Non- current prepayment and other assets 444                                 445 Total prepayment and other assets 1,907                              1,964 (2)  Non financial assets (1) Financial assets carried at amortized cost 870                                 844 (3) Deposit with corporation represents amounts deposited to settle certain employee-related obligations as and when they arise during the normal course of business. (4) Withholding taxes and others primarily consist of input tax credits and VAT recoverable from tax authorities. Other liabilities comprise the following: 2.5 Other liabilities (Dollars in millions) September 30, 2025 March 31, 2025 Current Accrued compensation to employees(1) 570 576 Accrued expenses(1) 1,070 991 Accrued defined benefit liability(3) 2 1 Withholding taxes and others(3) 387 381 Liabilities of controlled trusts(1) 19 20 Liability towards contingent consideration(2) 3                                   1 Capital Creditors(1) 34 61 Financial liability under option arrangements(2)(4) 71 64 Other non-financial liabilities(3) 1 1 Other financial liabilities(1)(5) 62                                 61 Total current other liabilities 2,219 2,157 Accrued compensation to employees(1) 11", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 59, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e8d443ec8af281aa"}, {"chunk_id": "d337ba3c333fb44d", "content": "71 64 Other non-financial liabilities(3) 1 1 Other financial liabilities(1)(5) 62                                 61 Total current other liabilities 2,219 2,157 Accrued compensation to employees(1) 11 1 Accrued expenses(1) 216 221 Accrued defined benefit liability (3) 19 14 Liability towards contingent consideration(2) 8                                   2 Financial liability under option arrangements(2)(4) 14                                 13 Other non-financial liabilities(3) 9 12 Other financial liabilities(1)(5) - 1 Total non-current other liabilities 277                               264 Total other liabilities 2,496 2,421 (1) Financial liability carried at amortized cost 1,982                            1,932 (3) Non financial liabilities (2) Financial liability carried at fair value through profit or loss 96                                 80 (4) Represents liability related to options issued by the Group over the non-controlling interests in its subsidiaries. (5) The Group entered into financing arrangements with a third party towards technology assets taken over by the Group from a customer as a part of transformation project which was not considered as distinct goods or services as the control related to those assets was not transferred to the Group in accordance with IFRS 15 - Revenue from contract with customers. As at September 30, 2025 and March 31, 2025, the financial liability pertaining to", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 59, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e8d443ec8af281aa"}, {"chunk_id": "1453e93fe16f47ce", "content": "accordance with IFRS 15 - Revenue from contract with customers. As at September 30, 2025 and March 31, 2025, the financial liability pertaining to such arrangements amounts to $5 million and $8 million, respectively. Accrued expenses primarily relate to cost of technical sub-contractors, telecommunication charges, legal and professional charges, brand building expenses, overseas travel expenses and office maintenance and cost of third party software and hardware. 2.6 Provisions and other contingencies A provision is recognized if, as a result of a past event, the Group has a present legal or constructive obligation that is reasonably estimable, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The Group recognizes a reimbursement asset when, and only when, it is virtually certain that the reimbursement will be received if the Group settles the obligation. Contingent liability is a possible obligation arising from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity or a present obligation that arises from past events but is not recognized", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 59, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e8d443ec8af281aa"}, {"chunk_id": "176518e89aeda038", "content": "one or more uncertain future events not wholly within the control of the entity or a present obligation that arises from past events but is not recognized because it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation or the amount of the obligation cannot be measured with sufficient reliability. a. Post sales client support The Group provides its clients with a fixed-period post sales support on its fixed-price, fixed-timeframe contracts. Costs associated with such support services are accrued at the time related revenues are recorded and included in cost of sales. The Group estimates such costs based on historical experience and estimates are reviewed on a periodic basis for any material changes in assumptions and likelihood of occurrence.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 59, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e8d443ec8af281aa"}, {"chunk_id": "74370f781c0eacea", "content": "Provisions for onerous contracts are recognized when the expected benefits to be derived by the Group from a contract are lower than the unavoidable costs of meeting the future obligations under the contract. Provisions for estimated losses, if any, on incomplete contracts are recorded in the period in which such losses become probable based on the estimated efforts or costs to complete the contract. The provision is measured at the present value of the lower of the expected cost of terminating the contract and the expected net cost of continuing with the contract. Before a provision is established the Group recognizes any impairment loss on the assets associated with that contract. Provision for post sales client support and other provisions (Dollars in millions) September 30, 2025 March 31, 2025 Post-sales client support and others provisions 169                               155 Provision pertaining to settlement (refer to note 2.6.2) 15                                 18 Total provisions 184                               173 Provision for post sales client support and other provisions majorly represents costs associated with providing post sales support services which are accrued at the time of recognition of revenues and are expected to be utilized over a period of 1 year.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 61, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6f54f436ac738bb3"}, {"chunk_id": "52767570522d81bb", "content": "accrued at the time of recognition of revenues and are expected to be utilized over a period of 1 year. Provision for post sales client support and other provisions is included in cost of sales in the interim condensed consolidated statement of comprehensive income. As at September 30, 2025 and March 31, 2025, claims against the Group, not acknowledged as debts, (excluding demands from income tax authorities- Refer to Note 2.12) amounted to $112 million (₹991 crore) and $119 million (₹1,020 crore), respectively. Amount paid to statutory authorities against the claims (excluding demands from income tax authorities- Refer to Note 2.12) amounted to $2 million (₹17 crore) and $1 million (₹8 crore) as at September 30, 2025 and March 31, 2025 respectively. 2.6.2 Legal Proceedings McCamish Cybersecurity incident In November 2023, certain systems of Infosys McCamish Systems LLC (“McCamish”), a subsidiary of Infosys BPM Limited (a wholly owned subsidiary of Infosys Limited), were encrypted by ransomware, resulting in the non-availability of certain applications and systems. McCamish initiated its incident response and engaged cybersecurity and other specialists to assist in its investigation of and response to the incident and remediation and restoration of impacted applications and systems. By December 31, 2023, McCamish, with external specialists’ assistance, substantially remediated and restored the", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 61, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6f54f436ac738bb3"}, {"chunk_id": "de83abb2f6dbe817", "content": "impacted applications and systems. By December 31, 2023, McCamish, with external specialists’ assistance, substantially remediated and restored the affected applications and systems. Actions taken by McCamish included investigative analysis conducted by a third-party cybersecurity firm to determine, among other things, whether and the extent to which company or customer data was subject to unauthorized access or exfiltration. McCamish also engaged a third-party eDiscovery vendor in assessing the extent and nature of such data. McCamish in coordination with its third-party eDiscovery vendor has identified corporate customers and individuals whose information was subject to unauthorized access and exfiltration. McCamish processes personal data on behalf of its corporate customers. From March 6, 2024 through July 25, 2024, six actions were filed in the U.S. District Court for the Northern District of Georgia against McCamish. The actions arise out of the cybersecurity incident at McCamish initially disclosed on November 3, 2023. All six actions have since been consolidated, and the consolidated class action complaint was filed on November 7, 2024, purportedly on behalf of all persons residing in the United States whose personally identifiable information was compromised in the incident, including all who were sent a notice of the incident. On December 20, 2024, the Court granted", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 61, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6f54f436ac738bb3"}, {"chunk_id": "648db8d3115c4df2", "content": "identifiable information was compromised in the incident, including all who were sent a notice of the incident. On December 20, 2024, the Court granted the parties’ joint motion to stay proceedings pending the parties’ efforts to resolve the lawsuit through mediation. On March 13, 2025, McCamish and the plaintiffs engaged in mediation, resulting in an in-principle agreement that sets forth the terms of a proposed settlement of the class action lawsuits against McCamish, as well as seven class action lawsuits arising out of the incident that have been filed against McCamish’s customers. On May 9, 2025, McCamish and the plaintiffs entered into a definitive settlement agreement, and the plaintiffs moved for preliminary approval of the settlement. Under the settlement terms, McCamish has agreed to pay $17.5 million into a fund to settle these matters. On July 16, 2025, the Court granted preliminary approval of the settlement. The settlement remains subject to final court approval. If approved, the settlement will resolve all allegations made in the class action lawsuits without admission of any liability. During the three months ended March 31, 2025, McCamish had recorded an accrual of $17.5 million related to the settlement and had recognized an insurance reimbursement receivable of $17 million which has been offset against the settlement expense of $17.5 million in the Statement of Comprehensive Income.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 61, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6f54f436ac738bb3"}, {"chunk_id": "938c77171754d00e", "content": "insurance reimbursement receivable of $17 million which has been offset against the settlement expense of $17.5 million in the Statement of Comprehensive Income. McCamish may incur additional costs including from indemnities or damages/claims, which are indeterminable at this time. Government Investigation The U.S. Department of Justice (“DOJ”) is conducting an investigation regarding how the Company classified certain H-1B visa-recipient employees working for one of its clients in immigration documents filed with certain U.S. government authorities. The Company is engaged in discussions with the DOJ regarding its ongoing investigation and has commenced its own inquiry regarding the matter. At this stage, the Company is unable to predict the outcome of this matter, including whether such outcome could have a material adverse effect on the Company’s business and results of operations. Apart from the foregoing, the Group is subject to legal proceedings and claims which have arisen in the ordinary course of business. The Group’s management reasonably expects that such ordinary course legal actions, when ultimately concluded and determined, may not have a material and adverse effect on the Group’s results of operations or financial condition. Property, plant and equipment are stated at cost, less accumulated depreciation and impairment, if any.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 61, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6f54f436ac738bb3"}, {"chunk_id": "1f81a03cff4517ec", "content": "effect on the Group’s results of operations or financial condition. Property, plant and equipment are stated at cost, less accumulated depreciation and impairment, if any. Costs directly attributable to acquisition are capitalized until the property, plant and equipment are ready for use, as intended by Management. The charge in respect of periodic depreciation is derived at after determining an estimate of an asset’s expected useful life and the expected residual value at the end of its life. The Group depreciates property, plant and equipment over their estimated useful lives using the straight-line method. The estimated useful lives of assets are as follows: Plant and machinery(1) 5 years Computer equipment 3-5 years Furniture and fixtures 5 years Vehicles 5 years Leasehold improvements Lower of useful life of the asset or lease term (1)  Includes solar plant with a useful life of 25 years", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 61, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6f54f436ac738bb3"}, {"chunk_id": "60d38db6c2805476", "content": "Depreciation methods, useful lives and residual values are reviewed periodically, including at each financial year end. The useful lives are based on historical experience with similar assets as well as anticipation of future events, which may impact their life, such as changes in technology. Advances paid towards the acquisition of property, plant and equipment outstanding at each balance sheet date and the cost of assets not ready to use before such date are disclosed under ‘Capital work-in- progress’. Subsequent expenditures relating to property, plant and equipment is capitalized only when it is probable that future economic benefits associated with these will flow to the Group and the cost of the item can be measured reliably. The cost and related accumulated depreciation are eliminated from the financial statements upon sale or retirement of the asset. Property, plant and equipment are evaluated for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value less cost to sell and the value-in-use) is determined on an individual asset basis unless the asset does not generate cash flows that are largely independent of those from other assets.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 61, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a1817cb1453ab799"}, {"chunk_id": "b1a7ca19a694e2aa", "content": "from other assets. In such cases, the recoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs. If such assets are considered to be impaired, the impairment to be recognized in net profit in the interim condensed consolidated statement of comprehensive income is measured by the amount by which the carrying value of the assets exceeds the estimated recoverable amount of the asset. An impairment loss is reversed in net profit in the statement of comprehensive income if there has been a change in the estimates used to determine the recoverable amount. The carrying amount of the asset is increased to its revised recoverable amount, provided that this amount does not exceed the carrying amount that would have been determined (net of any accumulated depreciation) had no impairment loss been recognized for the asset in prior years. The changes in the carrying value of property, plant and equipment for the three months ended September 30, 2025 are as follows: Particulars Land Buildings Plant and machinery (Dollars in millions) Gross carrying value as at July 1, 2025 173                1,369                   637                1,082                   391                          6                     3,658 fixtures Vehicles Total Deletions** -                        -                      (1)                   (19)                     (7)                         (1)                        (28) 1", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 61, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a1817cb1453ab799"}, {"chunk_id": "1d89920e23a35ec8", "content": "fixtures Vehicles Total Deletions** -                        -                      (1)                   (19)                     (7)                         (1)                        (28) 1 -                         4                     47                       1 -                            53 Translation difference (5)                   (42)                   (23)                   (34)                   (12) -                       (116) Gross carrying value as at September 30, 2025 169                1,327                   617                1,076                   373                          5                     3,567 Accumulated depreciation as at July 1, 2025 -                  (638)                 (518)                 (821)                 (322)                         (5)                   (2,304) Depreciation -                    (12)                   (11)                   (29)                     (7) -                         (59) Accumulated depreciation on deletions** -                        -                         1                     19                       7                          1                          28 Translation difference -                       19                     20                     25                     10 -                            74 Accumulated depreciation as at September 30, 2025", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 61, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a1817cb1453ab799"}, {"chunk_id": "36989fe886378b23", "content": "Translation difference -                       19                     20                     25                     10 -                            74 Accumulated depreciation as at September 30, 2025 -                  (631)                 (508)                 (806)                 (312)                         (4)                   (2,261) Capital work-in progress as at July 1, 2025 130 Carrying value as at July 1, 2025 173                   731                   119                   261                     69                          1                     1,484 Capital work-in progress as at September 30, 2025 146 Carrying value as at September 30, 2025 169                   696                   109                   270                     61                          1                     1,452 The changes in the carrying value of property, plant and equipment for the three months ended September 30, 2024 are as follows: Particulars Land Buildings Plant and machinery fixtures Vehicles Total (Dollars in millions) Gross carrying value as at July 1, 2024 171                1,408                   639                1,034                   401                          6                     3,659 Deletions* -                        -                      (4)                   (13)                     (4) -                         (21) Additions - Business Combination (Refer to Note 2.10)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 61, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a1817cb1453ab799"}, {"chunk_id": "4e838bdd5d02d97d", "content": "Deletions* -                        -                      (4)                   (13)                     (4) -                         (21) Additions - Business Combination (Refer to Note 2.10) -                         2                     10                     20                       8 -                            40 -                        -                         1                       1                       3 -                              5 Translation difference -                      (2)                     (2)                     (2)                       1 -                           (5) Gross carrying value as at September 30, 2024 171                1,408                   644                1,040                   409                          6                     3,678 Accumulated depreciation as at July 1, 2024 -                  (602)                 (507)                 (785)                 (325)                         (5)                   (2,224) Depreciation -                    (14)                   (12)                   (37)                   (10) -                         (73) Accumulated depreciation on deletions* -                        -                         4                     12                       4 -                            20 Translation difference -                         1                       2                       2 -                           -                              5", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 61, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a1817cb1453ab799"}, {"chunk_id": "15fd3d4a103a5dab", "content": "Accumulated depreciation as at September 30, 2024 -                  (615)                 (513)                 (808)                 (331)                         (5)                   (2,272) Capital work-in progress as at July 1, 2024 69 Carrying value as at July 1, 2024 171                   806                   132                   249                     76                          1                     1,504 Capital work-in progress as at September 30, 2024 80 Carrying value as at September 30, 2024 171                   793                   131                   232                     78                          1                     1,486 The changes in the carrying value of property, plant and equipment for the six months ended September 30, 2025 are as follows: Particulars Land Buildings Plant and machinery (Dollars in millions) Gross carrying value as at April 1, 2025 173                1,371                   632                1,088                   386                          6                     3,656 fixtures Vehicles Total Additions 2                       1                     12                     71                       6 -                            92 Additions - Business Combination (Refer to Note 2.10) -                        -                        -                         1 -                           -                              1", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 62, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "229a61fc8f8ec288"}, {"chunk_id": "381834482fa66f9d", "content": "Additions - Business Combination (Refer to Note 2.10) -                        -                        -                         1 -                           -                              1 -                      (1)                     (3)                   (50)                     (8)                         (1)                        (63) Translation difference (6)                   (44)                   (24)                   (34)                   (11) -                        (119) Gross carrying value as at September 30, 2025 169                1,327                   617                1,076                   373                          5                     3,567 Accumulated depreciation as at April 1, 2025 -                   (627)                 (511)                 (820)                 (315)                         (5)                   (2,278) Depreciation -                    (25)                   (20)                   (61)                   (14) -                       (120) Accumulated depreciation on deletions** -                        -                         2                     49                       8                          1                          60 Translation difference -                       21                     21                     26                       9 -                            77 Accumulated depreciation as at September 30, 2025", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 62, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "229a61fc8f8ec288"}, {"chunk_id": "f7e1d1a628372ea4", "content": "Translation difference -                       21                     21                     26                       9 -                            77 Accumulated depreciation as at September 30, 2025 -                  (631)                 (508)                 (806)                 (312)                         (4)                   (2,261) Capital work-in progress as at April 1, 2025 119 Carrying value as at April 1, 2025 173 744 121 268 71 1 1,497 Capital work-in progress as at September 30, 2025 146 Carrying value as at September 30, 2025 169 696 109 270 61 1 1,452 ** During the three months and six months ended September 30, 2025, certain assets which were not in use having gross book value of $25 million (net book value: Nil) and $54 million (net book value: Nil) respectively, were retired. The changes in the carrying value of property, plant and equipment for the six months ended September 30, 2024 are as follows: Particulars Land Buildings Plant and machinery fixtures Vehicles Total (Dollars in millions) Gross carrying value as at April 1, 2024 171                1,411                   637                1,032                   406                          6                     3,663 Additions -                         4                     15                     42                     11 -                            72 Additions - Business Combination (Refer to Note 2.10)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 62, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "229a61fc8f8ec288"}, {"chunk_id": "bb0cb590bead66fe", "content": "Additions -                         4                     15                     42                     11 -                            72 Additions - Business Combination (Refer to Note 2.10) -                        -                         1                       1                       3 -                              5 -                      (5)                     (7)                   (32)                   (11) -                          (55) Translation difference -                      (2)                     (2)                     (3) -                           -                            (7) Gross carrying value as at September 30, 2024 171                1,408                   644                1,040                   409                          6                     3,678 Accumulated depreciation as at April 1, 2024 -                  (590)                 (498)                 (765)                 (322)                         (5)                   (2,180) Depreciation -                    (27)                   (24)                   (77)                   (20) -                        (148) Accumulated depreciation on deletions* -                         1                       7                     31                     11 -                            50 Translation difference -                         1                       2                       3", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 62, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "229a61fc8f8ec288"}, {"chunk_id": "26cbcfb0fc0d1686", "content": "-                            50 Translation difference -                         1                       2                       3 -                           -                              6 Accumulated depreciation as at September 30, 2024 -                  (615)                 (513)                 (808)                 (331)                         (5)                   (2,272) Capital work-in progress as at April 1, 2024 54 Carrying value as at April 1, 2024 171 821 139 267 84 1 1,537 Capital work-in progress as at September 30, 2024 80 Carrying value as at September 30, 2024 171 793 131 232 78 1 1,486 * During the three months and six months ended September 30, 2024, certain assets which were not in use having gross book value of $12 million (net book value: Nil) and $ 27 million (net book value: Nil) respectively, were retired. The aggregate depreciation expense is included in cost of sales in the interim condensed consolidated statement of comprehensive income. Repairs and maintenance costs are recognized in the consolidated statement of comprehensive income when incurred.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 62, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "229a61fc8f8ec288"}, {"chunk_id": "7f2d7e6556908c57", "content": "Consequent to the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021 (“the Rules”), the Company was required to transfer its CSR capital assets installed prior to January 2021. Towards this the Company had incorporated a subsidiary ‘Infosys Green Forum’ (IGF) under Section 8 of the Companies Act, 2013. During the year ended March 31, 2022, the Company had completed the transfer of assets upon obtaining the required approvals from regulatory authorities, as applicable. During fiscal 2024, the application filed by IGF for regularization of the provisional registration was rejected and registration cancelled vide order dated March 26, 2024 by Income Tax Commissioner (Exemption). IGF has filed an appeal before Income Tax Tribunal against the order. The Group had contractual commitments for capital expenditure primarily comprising of commitments for infrastructure facilities and computer equipments aggregating to $126 million and $109 million as at September 30, 2025 and March 31, 2025, respectively. The Group as a lessee The Group’s lease asset classes primarily consist of leases for land, buildings and computers. The group assesses whether a contract contains a lease, at inception of a contract. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 63, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3087c658d21baf06"}, {"chunk_id": "763672ca8eeb298b", "content": "A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, the group assesses whether: (1) the contract involves the use of an identified asset (2) the group has substantially all of the economic benefits from use of the asset through the period of the lease and (3) the group has the right to direct the use of the asset. At the date of commencement of the lease, the Group recognizes a right-of-use asset (“ROU”) and a corresponding lease liability for all lease arrangements in which it is a lessee, except for leases with a term of twelve months or less (short-term leases) and low value leases. For these short-term and low value leases, the Group recognizes the lease payments as an operating expense on a straight-line basis over the term of the lease. As a lessee, the Group determines the lease term as the non-cancellable period of a lease adjusted with any option to extend or terminate the lease, if the use of such option is reasonably certain. The Group makes an assessment on the expected lease term on a lease-by-lease basis and thereby assesses whether it is reasonably certain that any options to extend or terminate the contract will be exercised.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 63, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3087c658d21baf06"}, {"chunk_id": "a7331d23df754b66", "content": "contract will be exercised. In evaluating the lease term, the Group considers factors such as any significant leasehold improvements undertaken over the lease term, costs relating to the termination of the lease and the importance of the underlying asset to Group’s operations taking into account the location of the underlying asset and the availability of suitable alternatives. The lease term in future periods is reassessed to ensure that the lease term reflects the current economic circumstances. Certain lease arrangements include the options to extend or terminate the lease before the end of the lease term. ROU assets and lease liabilities includes these options when it is reasonably certain that they will be exercised. The right-of-use assets are initially recognized at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or prior to the commencement date of the lease plus any initial direct costs less any lease incentives. They are subsequently measured at cost less accumulated depreciation and impairment losses. Right-of-use assets are depreciated from the commencement date on a straight-line basis over the shorter of the lease term and useful life of the underlying asset. Right-of-use assets are evaluated for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 63, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3087c658d21baf06"}, {"chunk_id": "daaba2789e8d4596", "content": "Right-of-use assets are evaluated for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value less cost to sell and the value-in-use) is determined on an individual asset basis unless the asset does not generate cash flows that are largely independent of those from other assets. In such cases, the recoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs. The lease liability is initially measured at amortized cost at the present value of the future lease payments. The lease payments are discounted using the interest rate implicit in the lease or, if not readily determinable, using the incremental borrowing rates in the country of domicile of these leases. Lease liabilities are remeasured with a corresponding adjustment to the related right- of-use asset if the Group changes its assessment if whether it will exercise an extension or a termination option. The Group as a lessor ` Lease liability and ROU asset have been separately presented in the Balance Sheet and lease payments have been classified as financing cash flows. Leases for which the Group is a lessor is classified as a finance or operating lease. Whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee,", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 63, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3087c658d21baf06"}, {"chunk_id": "218f478bfeb6122c", "content": "Leases for which the Group is a lessor is classified as a finance or operating lease. Whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee, the contract is classified as a finance lease. All other leases are classified as operating leases. When the Group is an intermediate lessor, it accounts for its interests in the head lease and the sublease separately. The sublease is classified as a finance or operating lease by reference to the right-of-use asset arising from the head lease. For operating leases, rental income is recognized on a straight-line basis over the term of the relevant lease. (Dollars in millions) Particulars Following are the changes in the carrying value of right-of-use assets for the three months ended September 30, 2025: Category of ROU asset Total Land Buildings Vehicles Computers Balance as of July 1, 2025 70                                 392                                     3                                  274                                    739 Additions* -                                     14 -                                      56                                      70 Deletions -                                      -                                      -                                   (20)                                    (20) Depreciation", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 63, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3087c658d21baf06"}, {"chunk_id": "e8692a51a4653523", "content": "Deletions -                                      -                                      -                                   (20)                                    (20) Depreciation -                                   (21)                                    (1)                                  (35)                                    (57) Translation difference (2)                                  (10) 1                                    (1)                                    (12) Balance as of September 30, 2025 68                                 375                                     3                                  274                                    720 * Net of adjustments on account of modifications", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 63, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3087c658d21baf06"}, {"chunk_id": "6f921c893362d4e1", "content": "Following are the changes in the carrying value of right-of-use assets for the three months ended September 30, 2024: (Dollars in millions) Particulars Category of ROU asset Total Land Buildings Vehicles Computers Balance as of July 1, 2024 72                                 406                                     2                                  301                                    781 Additions* -                                     13                                     1                                    47                                      61 -                                     19                                     1 -                                        20 Deletions -                                      (4)                                    (1)                                  (20)                                    (25) Depreciation -                                   (20)                                    (1)                                  (26)                                    (47) Translation difference -                                       1                                     1                                      6                                        8 Balance as of September 30, 2024 72                                 415                                     3                                  308                                    798 * Net of adjustments on account of modifications", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 65, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c680f61a1b9a55a9"}, {"chunk_id": "ce82cc16ee94ebf6", "content": "72                                 415                                     3                                  308                                    798 * Net of adjustments on account of modifications Addition due to Business Combination (Refer to Note 2.10) Following are the changes in the carrying value of right-of-use assets for the six months ended September 30, 2025: (Dollars in millions) Particulars Category of ROU asset Total Land Buildings Vehicles Computers Balance as at April 1, 2025 70                                 392                                     3                                  273                                    738 Additions* -                                     34 -                                      99                                    133 Deletions -                                      (2) -                                   (43)                                    (45) Depreciation -                                   (43)                                    (1)                                  (67)                                  (111) Translation difference (2)                                    (6) 1                                    12                                        5 Balance as at September 30, 2025 68                                 375                                     3                                  274                                    720", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 65, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c680f61a1b9a55a9"}, {"chunk_id": "d22d5659113deaa5", "content": "Balance as at September 30, 2025 68                                 375                                     3                                  274                                    720 * Net of adjustments on account of modifications Following are the changes in the carrying value of right-of-use assets for the six months ended September 30, 2024: (Dollars in millions) Land Buildings Vehicles Computers Balance as of April 1, 2024 72                                 396                                     2                                  316                                    786 Additions* -                                     46                                     1                                    81                                    128 Category of ROU asset Total Addition due to Business Combination (Refer to Note 2.10) -                                     19                                     1 -                                        20 Deletions -                                      (4)                                    (1)                                  (38)                                    (43) Depreciation -                                  (42)                                    (1)                                  (56)                                    (99) Translation difference", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 65, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c680f61a1b9a55a9"}, {"chunk_id": "fef73bd28ad0c371", "content": "Depreciation -                                  (42)                                    (1)                                  (56)                                    (99) Translation difference -                                      -                                       1                                      5                                        6 Balance as of September 30, 2024 72                                 415                                     3                                  308                                    798 * Net of adjustments on account of modifications The aggregate depreciation expense on ROU assets is included in cost of sales in the interim condensed consolidated statement of comprehensive income. The following is the break-up of current and non-current lease liabilities as of September 30, 2025 and March 31, 2025: (Dollars in millions) Particulars September 30, 2025 March 31, 2025 Current lease liabilities 312                                    287 Non-current lease liabilities 674                                    675 Total 986                                    962 2.9 Goodwill and Intangible assets Goodwill represents purchase consideration in excess of the Group's interest in the net fair value of identifiable assets, liabilities and contingent liabilities of the acquired entity.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 65, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c680f61a1b9a55a9"}, {"chunk_id": "2c94efed8f74dbdd", "content": "Goodwill represents purchase consideration in excess of the Group's interest in the net fair value of identifiable assets, liabilities and contingent liabilities of the acquired entity. When the net fair value of the identifiable assets, liabilities and contingent liabilities acquired exceeds the purchase consideration, the fair value of net assets acquired is reassessed and the bargain purchase gain is recognized immediately in the net profit in the Statement of Comprehensive Income. Goodwill is measured at cost less accumulated impairment losses. Goodwill is tested for impairment on an annual basis and whenever there is an indication that the recoverable amount of a cash generating unit (CGU) is less than its carrying amount. For the impairment test, goodwill is allocated to the CGU or groups of CGU’s which benefit from the synergies of the acquisition and which represents the lowest level at which goodwill is monitored for internal management purposes. A CGU is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or group of assets. Impairment occurs when the carrying amount of a CGU including the goodwill, exceeds the estimated recoverable amount of the CGU. The recoverable amount of a CGU is the higher of its fair value less cost to sell and its value-in-use. Value-in-use is the present value of", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 65, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c680f61a1b9a55a9"}, {"chunk_id": "40e2f1d3ffff7dc3", "content": "recoverable amount of the CGU. The recoverable amount of a CGU is the higher of its fair value less cost to sell and its value-in-use. Value-in-use is the present value of future cash flows expected to be derived from the CGU. Key assumptions in the cash flow projections are prepared based on current economic conditions and includes estimated long term growth rates, weighted average cost of capital and estimated operating margins. Following is a summary of changes in the carrying amount of goodwill: (Dollars in millions)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 65, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c680f61a1b9a55a9"}, {"chunk_id": "0f635829b58b42a5", "content": "September 30, 2025 March 31, 2025 Carrying value at the beginning 1,182                         875 Goodwill on acquisitions (Refer to note 2.10) 52                         309 Translation differences 61                           (2) 1,295                      1,182 Carrying value at the end For the purpose of impairment testing, goodwill acquired in a business combination is allocated to the CGU or groups of CGUs, which benefit from the synergies of the acquisition. 2.9.2 Intangible assets Intangible assets are stated at cost less accumulated amortization and impairment. Intangible assets are amortized over their respective individual estimated useful lives on a straight-line basis, from the date that they are available for use. The estimated useful life of an identifiable intangible asset is based on a number of factors including the effects of obsolescence, demand, competition, and other economic factors (such as the stability of the industry and known technological advances), and the level of maintenance expenditures required to obtain the expected future cash flows from the asset. Amortization methods and useful lives are reviewed periodically including at each financial year end. Research costs are expensed as incurred. Software product development costs are expensed as incurred unless technical and commercial feasibility of the project is", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 66, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "20d838059552917e"}, {"chunk_id": "3580224fb493e68c", "content": "each financial year end. Research costs are expensed as incurred. Software product development costs are expensed as incurred unless technical and commercial feasibility of the project is demonstrated, future economic benefits are probable, the Group has an intention and ability to complete and use or sell the software and the costs can be measured reliably. The costs which can be capitalized include the cost of material, direct labour, overhead costs that are directly attributable to prepare the asset for its intended use. Intangible assets are evaluated for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value less cost to sell and the value-in-use) is determined on an individual asset basis unless the asset does not generate cash flows that are largely independent of those from other assets. In such cases, the recoverable amount is determined for the CGU to which the asset belongs. If such assets are considered to be impaired, the impairment to be recognized in the net profit in the statement of comprehensive income is measured by the amount by which the carrying value of the assets exceeds the estimated recoverable amount of the asset. An impairment loss is reversed in the net profit in the statement of comprehensive", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 66, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "20d838059552917e"}, {"chunk_id": "8d41d774c526711f", "content": "the carrying value of the assets exceeds the estimated recoverable amount of the asset. An impairment loss is reversed in the net profit in the statement of comprehensive income if there has been a change in the estimates used to determine the recoverable amount. The carrying amount of the asset is increased to its revised recoverable amount, provided that this amount does not exceed the carrying amount that would have been determined (net of any accumulated amortization) had no impairment loss been recognized for the asset in prior years. 2.10 Business combinations Business combinations have been accounted for using the acquisition method under the provisions of IFRS 3 (Revised), Business Combinations. The purchase price in an acquisition is measured at the fair value of the assets transferred, equity instruments issued and liabilities incurred or assumed at the date of acquisition, which is the date on which control is transferred to the Group. The purchase price also includes the fair value of any contingent consideration. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair value on the date of acquisition. Contingent consideration is remeasured at fair value at each reporting date and changes in the fair value of the contingent consideration are recognized in the interim condensed Consolidated Statement of", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 66, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "20d838059552917e"}, {"chunk_id": "0bcda8a52694fcb1", "content": "Contingent consideration is remeasured at fair value at each reporting date and changes in the fair value of the contingent consideration are recognized in the interim condensed Consolidated Statement of Comprehensive Income. The interest of non-controlling shareholders is initially measured either at fair value or at the non-controlling interests’ proportionate share of the acquiree’s identifiable net assets. The choice of measurement basis is made on an acquisition-by-acquisition basis. Subsequent to acquisition, the carrying amount of non-controlling interests is the amount of those interests at initial recognition plus the non-controlling interests’ share of subsequent changes in equity of subsidiaries. Business combinations between entities under common control is outside the scope of IFRS 3 (Revised), Business Combinations and is accounted for at carrying value of assets acquired and liabilities assumed. The payments related to options issued by the Group over the non-controlling interests in its subsidiaries are accounted as financial liabilities and initially recognized at the estimated present value of gross obligations. Such options are subsequently measured at fair value in order to reflect the amount payable under the option at the date at which it becomes exercisable. In the event that the option expires unexercised, the liability is derecognized.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 66, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "20d838059552917e"}, {"chunk_id": "ded6c2b2d1e32ae7", "content": "becomes exercisable. In the event that the option expires unexercised, the liability is derecognized. During the six months ended September 30, 2025 the Group, completed two business combinations by acquiring 100% partnership interests/voting interests in: 1) MRE Consulting Ltd., a leading Energy and business consulting services company, headquartered in Texas, U.S. on April 30, 2025, which is expected to bring newer capabilities for the Group in trading and risk management, especially in the energy sector. 2) The Missing Link Security Pty. Ltd., The Missing Link Security Limited and The Missing Link Automation Pty. Ltd. (collectively known as \"The Missing Link\"), a leading Cybersecurity service provider headquartered in Australia on April 30, 2025, which is expected to further strengthen the Group's capabilities in the cybersecurity sector and bolster its presence in the fast growing Australian Market. The provisional purchase price is allocated to assets acquired and liabilities assumed based upon determination of fair values at the date of acquisition as follows: Component Acquiree's carrying amount Fair value adjustments Purchase price allocated Net Assets (1) 14                    -                                        14 Customer related# -                     26                                      26 Vendor relationship# -                       7                                        7", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 66, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "20d838059552917e"}, {"chunk_id": "2f0cc8f0d08ae33f", "content": "Customer related# -                     26                                      26 Vendor relationship# -                       7                                        7 Deferred tax liabilities on intangible assets -                     (5)                                       (5) Total 14                   30                                      44 Goodwill 52 Total purchase price 96 Brand# -                       2                                        2 (1) Includes cash and cash equivalents acquired of $12 million. # The estimated useful life is around 1 year to 7 years", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 66, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "20d838059552917e"}, {"chunk_id": "b31620e94467c4df", "content": "The excess of the purchase consideration paid over the fair value of assets acquired has been attributed to goodwill. The primary items that generated this goodwill are the value of the acquired assembled workforce and estimated synergies, neither of which qualify as an intangible asset. Goodwill amounting to $9 million is expected to be deductible for tax purposes. The total purchase consideration of $96 million includes upfront cash consideration of $88 million and contingent consideration with an estimated fair value of $8 million as on the date of acquisition. At the acquisition date, the key inputs used in determination of the fair value of contingent consideration are the probabilities assigned towards achievement of financial targets and discount rates ranging from 2% - 3%. The undiscounted value of contingent consideration as of September 30, 2025 was approximately $9 million. Additionally, these acquisitions have retention bonus and management incentives payable to the employees of the acquiree over 2-3 years, subject to their continuous employment with the Group and achievement of financial targets for the respective years. Retention bonus and management incentives are recognized in employee benefit expenses in the Statement of Comprehensive Income over the period of service.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 67, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "24e43c21766a99f1"}, {"chunk_id": "3deab71f835caee0", "content": "Retention bonus and management incentives are recognized in employee benefit expenses in the Statement of Comprehensive Income over the period of service. Fair value of trade receivables acquired is $23 million as of acquisition date and as of September 30, 2025, the amounts are substantially collected. Transaction costs that the Group incurs in connection with a business combination such as finder’s fees, legal fees, due diligence fees, and other professional and consulting fees are expensed as incurred. The transaction costs of $4 million related to the acquisition have been included under administrative expenses in the Consolidated Statement of Comprehensive Income for the three months ended June 30, 2025. Proposed Acquisitions On August 13, 2025, Infosys Singapore Pte. Ltd., a wholly owned subsidiary of Infosys Limited, entered into a definitive agreement to acquire 75% of the equity share capital in Telstra Purple Pty Ltd, including some of its subsidiaries (together known as Versent Group), Australia’s leading Digital Transformation Solutions Provider for a consideration including earn-outs and deferred consideration amounting up to AUD 233 million (approximately $152 million), excluding retention bonus and management incentives, subject to regulatory approvals and customary closing adjustments. 2.11 Employees' Stock Option Plans (ESOP)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 67, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "24e43c21766a99f1"}, {"chunk_id": "c06070423acf4aa4", "content": "to regulatory approvals and customary closing adjustments. 2.11 Employees' Stock Option Plans (ESOP) The Group recognizes compensation expense relating to share-based payments in net profit based on estimated fair-values of the awards on the grant date. The estimated fair value of awards is recognized as an expense in net profit in the interim condensed consolidated statement of comprehensive income on a straight-line basis over the requisite service period for each separately vesting portion of the award as if the award was in-substance, multiple awards with a corresponding increase to share premium. Infosys Expanded Stock Ownership Program 2019 (the 2019 Plan) On June 22, 2019 pursuant to approval by the shareholders in the Annual General Meeting, the Board has been authorized to introduce, offer, issue and provide share- based incentives to eligible employees of the Company and its subsidiaries under the 2019 Plan. The maximum number of shares under the 2019 plan shall not exceed 50,000,000 equity shares. To implement the 2019 Plan, up to 45,000,000 equity shares may be issued by way of secondary acquisition of shares by Infosys Expanded Stock Ownership Trust. The Restricted Stock Units (RSUs) granted under the 2019 plan shall vest based on the achievement of defined annual performance parameters as determined by the administrator (Nomination and Remuneration Committee).", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 67, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "24e43c21766a99f1"}, {"chunk_id": "2f847c1579e7bc8d", "content": "parameters as determined by the administrator (Nomination and Remuneration Committee). The performance parameters will be based on a combination of relative Total Shareholder Return (TSR) against selected industry peers and certain broader market domestic and global indices and operating performance metrics of the company as decided by administrator. Each of the above performance parameters will be distinct for the purposes of calculation of quantity of shares to vest based on performance. These instruments will generally vest between a minimum of 1 to maximum of 3 years from the grant date. 2015 Stock Incentive Compensation Plan (the 2015 Plan): On March 31, 2016, pursuant to the approval by the shareholders through postal ballot, the Board was authorized to introduce, offer, issue and allot share-based incentives to eligible employees of the Company and its subsidiaries under the 2015 Plan. The maximum number of shares under the 2015 plan shall not exceed 24,038,883 equity shares (this includes 11,223,576 equity shares which are held by the trust towards the 2011 Plan as at March 31, 2016). These instruments will generally vest over a period of 4 years  The plan numbers mentioned above are further adjusted with the September 2018 bonus issue. The equity settled and cash settled RSUs and stock options would vest generally over a period of 4 years and shall be exercisable within the period as approved by the", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 67, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "24e43c21766a99f1"}, {"chunk_id": "211a60be4b5b1d54", "content": "The equity settled and cash settled RSUs and stock options would vest generally over a period of 4 years and shall be exercisable within the period as approved by the Nomination and Remuneration Committee (NARC). The exercise price of the RSUs will be equal to the par value of the shares and the exercise price of the stock options would be the market price as on the date of grant. Controlled trust holds 9,091,403 and 9,655,927 shares as at September 30, 2025 and March 31, 2025, respectively under the 2015 plan. Out of these shares, 2,00,000 equity shares each have been earmarked for welfare activities of the employees as at September 30, 2025 and March 31, 2025. The following is the summary of grants during three months and six months ended September 30, 2025 and September 30, 2024: 2025 2024 2025 2024 2015 Plan: RSU Equity settled RSUs Key Management Personnel (KMP) -                        -              277,077            295,168 Employees other than KMP 2,400              32,850                7,400            129,340 2,400              32,850            284,477            424,508 2015 Plan: Employee Stock Options (ESOPs) Equity settled RSUs Key Management Personnel (KMP) -                        -              237,370                      - Employees other than KMP -                        -           5,412,790                      - -                        -           5,650,160                      - Cash settled RSUs", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 67, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "24e43c21766a99f1"}, {"chunk_id": "e5d8c580972be97a", "content": "Employees other than KMP -                        -           5,412,790                      - -                        -           5,650,160                      - Cash settled RSUs Key Management Personnel (KMP) -                        - -                        - Employees other than KMP -                        -              108,180                      - -                        -              108,180                      - Total Grants under 2015 Plan 2,400              32,850         6,042,817            424,508 Equity settled RSUs Key Management Personnel (KMP) -                        -                66,366              70,699 Employees other than KMP -                        - -                  6,848", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 67, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "24e43c21766a99f1"}, {"chunk_id": "36cf8d825d3878fd", "content": "-                        -                66,366              77,547 Total Grants under 2019 Plan -                        -                66,366              77,547 Notes on grants to KMP: The Board, on April 17, 2025, based on the recommendations of the Nomination and Remuneration Committee approved the following grants for fiscal 2026. In accordance with such approval the following grants were made effective May 2, 2025. - 230,621 performance-based RSUs (Annual performance equity grant) of fair value of ₹34.75 crore. These RSUs will vest in line with the employment agreement based on achievement of certain performance targets. - 13,273 performance-based grant of RSUs (Annual performance equity ESG grant) of fair value of ₹2 crore. These RSUs will vest in line with the employment agreement based on achievement of certain environment, social and governance milestones as determined by the Board. - 33,183 performance-based grant of RSUs (Annual performance Equity TSR grant) of fair value of ₹5 crore . These RSUs will vest in line with the employment agreement based on Company’s performance on cumulative relative TSR over the years and as determined by the Board. Though the annual time based grants and annual performance equity TSR grant for the remaining employment term ending on March 31, 2027 have not been granted", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 69, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "435c88ca1f003108"}, {"chunk_id": "a2905ac66c8ea86f", "content": "Though the annual time based grants and annual performance equity TSR grant for the remaining employment term ending on March 31, 2027 have not been granted as of September 30, 2025, since the service commencement date precedes the grant date, the company has recorded employment stock compensation expense in accordance with IFRS 2, Share based payments. The grant date for this purpose in accordance with IFRS 2, Share based payments is July 1, 2022. The Board, on April 17, 2025, based on the recommendations of the Nomination and Remuneration Committee, approved performance-based grant of RSUs amounting to ₹10 crore for fiscal 2026 under the 2019 Plan. These RSUs will vest based on achievement of certain performance targets. Accordingly, 66,366 performance based RSU’s were granted effective May 2, 2025. During the six months ended September 30, 2025, based on recommendations of Nomination and Remuneration Committee, the Board approved time based grants of 237,370 ESOPs to Other KMP under the 2015 Plan. These stock options will vest over a period of 4 years and shall be exercisable within the period as approved by the Committee. The exercise price of the stock options would be the market price as on the date of grant. The break-up of employee stock compensation expense is as follows: (Dollars in millions) 2025 2024 2025 2024 Granted to: KMP 2                       2                       4                       4 Total (1)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 69, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "435c88ca1f003108"}, {"chunk_id": "8d38fbf6d7ec294f", "content": "The break-up of employee stock compensation expense is as follows: (Dollars in millions) 2025 2024 2025 2024 Granted to: KMP 2                       2                       4                       4 Total (1) 27                     25                     54                     50 Employees other than KMP 25                     23                     50                     46 (1) Cash settled stock compensation expense included in the above -                         1                       1                       1 The fair value of the awards are estimated using the Black-Scholes Model for time and non-market performance based options and Monte Carlo simulation model is used for TSR based options. The inputs to the model include the share price at date of grant, exercise price, expected volatility, expected dividends, expected term and the risk free rate of interest. Expected volatility during the expected term of the options is based on historical volatility of the observed market prices of the Company's publicly traded equity shares during a period equivalent to the expected term of the options. Expected volatility of the comparative company have been modelled based on historical movements in the market prices of their publicly traded equity shares during a period equivalent to the expected term of the options. Correlation coefficient is calculated between", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 69, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "435c88ca1f003108"}, {"chunk_id": "a538fbbf0dc40091", "content": "the market prices of their publicly traded equity shares during a period equivalent to the expected term of the options. Correlation coefficient is calculated between each peer entity and the indices as a whole or between each entity in the peer group. The fair value of each equity settled award is estimated on the date of grant using the following assumptions: For options granted in Fiscal 2026- Equity Shares- Fiscal 2026- Equity Shares- Fiscal 2025- Equity Shares- Weighted average share price (₹) / ($ ADS) 1,507 1,554                17.93 1,428                18.09 Exercise price (₹)/ ($ ADS) 5.00                1,554                17.93                  5.00                  0.07 Expected volatility (%) 23-25 25-28 26-30 21-26 23-28 Expected life of the option (years) 1-4 3-7 3-7 1-4 1-4 Expected dividends (%) 2-3 2-3 2-3 2-3 2-3 Risk-free interest rate (%) 6 6 4 7 4-5 Weighted average fair value as on grant date (₹) / ($ ADS) 1,355                   390                  4.09                1,311                16.59 The expected life of the RSU/ESOP is estimated based on the vesting term and contractual term of the RSU/ESOP, as well as expected exercise behavior of the employee who receives the RSU/ESOP. Income tax expense comprises current and deferred income tax. Income tax expense is recognized in net profit in the consolidated statement of comprehensive income except to", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 69, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "435c88ca1f003108"}, {"chunk_id": "bb5e146123438b4f", "content": "employee who receives the RSU/ESOP. Income tax expense comprises current and deferred income tax. Income tax expense is recognized in net profit in the consolidated statement of comprehensive income except to the extent that it relates to items recognized directly in equity, in which case it is recognized in equity or other comprehensive income. Current income tax for current and prior periods is recognized at the amount expected to be paid to or recovered from the tax authorities, using the tax rates and tax laws that have been enacted or substantively enacted by the Balance Sheet date. Deferred income tax assets and liabilities are recognized for all temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements except when the deferred income tax arises from the initial recognition of goodwill or an asset or liability in a transaction that is not a business combination and affects neither accounting nor taxable profit or loss at the time of the transaction. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized. Deferred income tax assets and liabilities are measured using tax rates and tax laws that have been enacted or substantively enacted by the Balance Sheet date and are expected to", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 69, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "435c88ca1f003108"}, {"chunk_id": "2f80e0aa04a16f8f", "content": "Deferred income tax assets and liabilities are measured using tax rates and tax laws that have been enacted or substantively enacted by the Balance Sheet date and are expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of changes in tax rates on deferred income tax assets and liabilities is recognized as income or expense in the period that includes the enactment or the substantive enactment date. A deferred income tax asset is recognized to the extent that it is probable that future taxable profit will be available against which the deductible temporary differences and tax losses can be utilized. Deferred income taxes are not provided on the undistributed earnings of subsidiaries and branches where it is expected that the earnings of the subsidiary or branch will not be distributed in the foreseeable future.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 69, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "435c88ca1f003108"}, {"chunk_id": "c40ef3fa023a5ac1", "content": "The Group offsets current tax assets and current tax liabilities; deferred tax assets and deferred tax liabilities, where it has a legally enforceable right to set off the recognized amounts and where it intends either to settle on a net basis, or to realize the asset and settle the liability simultaneously. The income tax provision for the interim period is made based on the best estimate of the annual average tax rate expected to be applicable for the full financial year. Tax benefits of deductions earned on exercise of employee share options in excess of compensation charged to income are credited to equity. Income tax expense in the interim condensed consolidated statement of comprehensive income comprises: Particulars Six months ended September 30, Three months ended September 30, 2025 2024 2025 2024 Current taxes Domestic taxes 280                          279                          550                          555 Foreign taxes 82                            97                          168                          180 362                          376                          718                          735 Domestic taxes (23)                           (31)                           (39)                           (59) Foreign taxes (14)                           (18)                           (25)                           (32) (37)                           (49)                           (64)                           (91)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 70, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3a6120611e4a6862"}, {"chunk_id": "c2ea87a220b72a2e", "content": "(14)                           (18)                           (25)                           (32) (37)                           (49)                           (64)                           (91) Income tax expense 325                          327                          654                          644 Income tax expense for the three months ended September 30, 2024 includes provisions (net of reversals) of $10 million. Income tax expense for the six months ended September 30, 2025 and September 30, 2024 includes provisions (net of reversals) of $13 million and provisions (net of reversals) of of $17 million. These provisions and reversals pertaining to prior periods are primarily on account of adjudication of certain disputed matters, upon filing of tax return and completion of assessments, across various jurisdictions Deferred income tax for the three months and six months ended September 30, 2025 and September 30, 2024 substantially relates to origination and reversal of temporary differences. The Company’s Advanced Pricing Arrangement (APA) with the Internal Revenue Service (IRS) for US branch income tax expired in March 2021. The Company has applied for renewal of APA and currently the US taxable income is based on the Company’s best estimate determined based on the expected value method.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 70, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3a6120611e4a6862"}, {"chunk_id": "0c1ea9a36e656b7d", "content": "The Company has applied for renewal of APA and currently the US taxable income is based on the Company’s best estimate determined based on the expected value method. As at September 30, 2025, claims against the Group not acknowledged as debts from the Income tax authorities amounted to $226 million (₹2,003 crore). As at March 31, 2025, claims against the Group not acknowledged as debts from the Income tax authorities amounted to $226 million (₹1,933 crore). Amount paid to statutory authorities against the tax claims amounted to $137 million (₹1,213 crore) and $491 million (₹4,199 crore) as at September 30, 2025 and March 31, 2025 respectively. The claims against the Group primarily represent demands arising on completion of assessment proceedings under the Income Tax Act, 1961. These claims are on account of issues of disallowance of expenditure towards software being held as capital in nature, payments made to Associated Enterprises held as liable for withholding of taxes, among others. These matters are pending before various Income Tax Authorities and the Management including its tax advisors expect that its position will likely be upheld on ultimate resolution and will not have a material adverse effect on the Group's financial position and results of operations. 2.13 Earnings per equity share", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 70, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3a6120611e4a6862"}, {"chunk_id": "dc01ec068c07bf20", "content": "resolution and will not have a material adverse effect on the Group's financial position and results of operations. 2.13 Earnings per equity share Basic earnings per equity share is computed by dividing the net profit attributable to the equity holders of the Group by the weighted average number of equity shares outstanding during the period. Diluted earnings per equity share is computed by dividing the net profit attributable to the equity holders of the Group by the weighted average number of equity shares considered for deriving basic earnings per equity share and also the weighted average number of equity shares that could have been issued upon conversion of all dilutive potential equity shares. The dilutive potential equity shares are adjusted for the proceeds receivable had the equity shares been actually issued at fair value (i.e. the average market value of the outstanding equity shares). Dilutive potential equity shares are deemed converted as at the beginning of the period, unless issued at a later date. Dilutive potential equity shares are determined independently for each period presented. The number of equity shares and potentially dilutive equity shares are adjusted retrospectively for all periods presented for any share splits and bonus shares issues including for changes effected prior to the approval of the financial statements by the Board of Directors. 2.14 Related party transactions", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 70, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3a6120611e4a6862"}, {"chunk_id": "5a8cab092576f807", "content": "changes effected prior to the approval of the financial statements by the Board of Directors. 2.14 Related party transactions Refer Note 2.20 \"Related party transactions\" in the Company’s 2025 Annual Report on Form 20-F for the full names and other details of the Company's subsidiaries and controlled trusts. Changes in Subsidiaries During the six months ended September 30, 2025, the following are the changes in the subsidiaries: Infosys Energy Consulting Services LLC , a wholly-owned subsidiary of Infosys Nova Holdings LLC was incorporated on April 16, 2025. Infosys Saudi Arabia LLC, a wholly-owned subsidiary of Infosys Limited was incorporated on April 21, 2025. Infosys Australia Technology Service Pty Ltd, a wholly-owned subsidiary of Infosys Singapore Pte. Limited was incorporated on April 23, 2025. On April 30, 2025, Infosys Nova Holdings LLC , a wholly-owned subsidiary of Infosys Limited, acquired 98.21% of partnership interests in MRE Consulting Ltd along with its subsidiary MRE Technology Services, LLC. The remaining 1.79% was acquired by Infosys Energy Consulting Services LLC , a Wholly-owned subsidiary of Infosys Nova Holdings LLC. On April 30, 2025, Infosys Australia Technology Service Pty Ltd, a wholly owned subsidiary of Infosys Singapore Pte. Limited, acquired 100% of voting interests in The Missing", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 70, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3a6120611e4a6862"}, {"chunk_id": "1a111e9987b7ebda", "content": "Holdings LLC. On April 30, 2025, Infosys Australia Technology Service Pty Ltd, a wholly owned subsidiary of Infosys Singapore Pte. Limited, acquired 100% of voting interests in The Missing Link Automation Pty Ltd, The Missing Link Network Integration Pty Ltd and The Missing Link Security Pty Ltd along with its subsidiary The Missing Link Security Ltd in-tech Automotive Engineering de. R L de. C V, a wholly-owned subsidiary of in-tech GmbH has been liquidated effective May 07, 2025. On May 13, 2025,  Infosys Singapore Pte Ltd diluted 2% stake of HIPUS Co., Ltd to Mitsubishi Heavy Industries, Ltd. Infosys BPM Canada Inc, a Wholly-owned subsidiary of Infosys BPM UK Limited was incorporated on July 28, 2025 Infosys Germany Gmbh, a Wholly-owned subsidiary of Infosys Singapore Pte Ltd merged into Infosys Germany SE (formerly known as Blitz 24-893 SE) effective September 24, 2025 Transactions with key management personnel The table below describes the compensation to key management personnel which comprise directors and executive officers:", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 70, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3a6120611e4a6862"}, {"chunk_id": "a3718ec3cad3999c", "content": "Six months ended September 30, Particulars Three months ended September 30, (Dollars in millions) Salaries and other short term employee benefits to whole-time directors and executive officers(1)(2) 4                            4                          7                            7 Commission and other benefits to non-executive/ independent directors -                            -                            1                            1 Total 4                            4                          8                            8 (1)  Total employee stock compensation expense for the three months ended September 30, 2025 and September 30, 2024 includes a charge of $2 million and $2 million respectively, towards key management personnel. For the six months ended September 30, 2025 and September 30, 2024, includes a charge of $4 million and $4 million respectively, towards key management personnel. (Refer note 2.11). (2) Does not include post-employment benefits and other long-term benefits, based on actuarial valuation as these are done for the Company as a whole. 2.15 Segment reporting IFRS 8 Operating Segments establishes standards for the way that public business enterprises report information about operating segments and related disclosures about products and services, geographic areas, and major customers.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 71, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8d23ede42c2cb3ac"}, {"chunk_id": "651c3973f77cb810", "content": "geographic areas, and major customers. The Group's operations predominantly relate to providing end-to-end business solutions to enable clients to enhance business performance. The Chief Operating Decision Maker (CODM) evaluates the Group's performance and allocates resources based on an analysis of various performance indicators by business segments. Accordingly, information has been presented along business segments. The accounting principles used in the preparation of the financial statements are consistently applied to record revenue and expenditure in individual segments, and are as set out in the accounting policies. Business segments of the Group are primarily enterprises in Financial Services and Insurance, enterprises in Manufacturing, enterprises in Retail, Consumer Packaged Goods and Logistics, enterprises in the Energy, Utilities, Resources and Services, enterprises in Communication, Telecom OEM and Media, enterprises in Hi-Tech, enterprises in Life Sciences and Healthcare and all other segments. The Financial services reportable segments has been aggregated to include the Financial Services operating segment and Finacle operating segment because of the similarity of the economic characteristics. All other segments represent the operating segments of businesses in India, Japan, China, Infosys Public Services & other enterprises in Public Services.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 71, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8d23ede42c2cb3ac"}, {"chunk_id": "30a6862e27034b64", "content": "economic characteristics. All other segments represent the operating segments of businesses in India, Japan, China, Infosys Public Services & other enterprises in Public Services. Revenue and identifiable operating expenses in relation to segments are categorized based on items that are individually identifiable to that segment. Revenue for 'all other segments' represents revenue generated by Infosys Public Services and revenue generated from customers located in India, Japan and China and other enterprises in public service. Allocated expenses of segments include expenses incurred for rendering services from the Group's offshore software development centers and on-site expenses, which are categorized in relation to the associated efforts of the segment. Certain expenses such as depreciation and amortization, which form a significant component of total expenses, are not specifically allocable to specific segments as the underlying assets are used interchangeably. The Management believes that it is not practical to provide segment disclosures relating to those costs and expenses, and accordingly these expenses are separately disclosed as \"unallocated\" and adjusted against the total income of the Group. Assets and liabilities used in the Group's business are not identified to any of the reportable segments, as these are used interchangeably between segments. The Management believes that it is", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 71, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8d23ede42c2cb3ac"}, {"chunk_id": "408dab3b41f3ec90", "content": "Assets and liabilities used in the Group's business are not identified to any of the reportable segments, as these are used interchangeably between segments. The Management believes that it is currently not practicable to provide segment disclosures relating to total assets and liabilities since a meaningful segregation of the available data is onerous. Business segment revenue information is collated based on individual customers invoiced or in relation to which the revenue is otherwise recognized. Disclosure of revenue by geographic locations is given in note 2.16 Revenue from operations 2.15.1 Business segments (Dollars in millions) Particulars Financial Services(1) For the three months ended September 30, 2025 and September 30, 2024 Manufacturing Energy, Utilities, Resources and Services Retail(2) Communication(3) Hi-Tech Life Sciences(4) All other segments(5) Revenue 1,406                      838                  678                 643                           616                 422                 327                 146              5,076 1,332                     767                 662                 650                           583                390                359                151             4,894 Identifiable operating expenses 801                      507                  381                 321                           388                 267                 206                   92              2,963", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 71, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8d23ede42c2cb3ac"}, {"chunk_id": "66c6f793a52dfdf4", "content": "801                      507                  381                 321                           388                 267                 206                   92              2,963 747                     486                 378                 322                           378                226                223                100             2,860 Allocated expenses 256                      132                  126                 126                           112                   68                   60                   33                 913 243                     126                 113                 117                             98                  70                  63                  33                863 Segment Profit 349                      199                  171                 196                           116                   87                   61                   21              1,200 342                     155                 171                 211                           107                  94                  73                  18             1,171 Unallocable expenses 135 138 Operating profit 1,065 1,033 Other income, net 112 85 Finance Cost 12 13 Profit before income taxes 1,165 1,105 Income tax expense 325 327 Net profit 840 778 Depreciation and amortization 135 138 Non-cash expenses other than depreciation and amortization - -", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 71, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8d23ede42c2cb3ac"}, {"chunk_id": "97a3e3c48159c0b4", "content": "112 85 Finance Cost 12 13 Profit before income taxes 1,165 1,105 Income tax expense 325 327 Net profit 840 778 Depreciation and amortization 135 138 Non-cash expenses other than depreciation and amortization - - (1)  Financial Services include enterprises in Financial Services and Insurance (2)  Retail includes enterprises in Retail, Consumer Packaged Goods and Logistics (3)  Communication includes enterprises in Communication, Telecom OEM and Media (4)  Life Sciences includes enterprises in Life sciences and Health care (5)  Others include operating segments of businesses in India, Japan, China, Infosys Public Services & other enterprises in Public Services", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 71, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8d23ede42c2cb3ac"}, {"chunk_id": "00101af6bd0112de", "content": "For the six months ended September 30, 2025 and September 30, 2024 (Dollars in millions) Particulars Financial Services(1) Manufacturing Energy, Utilities, Resources and Services Retail(2) Communication(3) Hi-Tech Life Sciences(4) All other segments(5) Revenue 2,785                   1,634               1,349              1,304                        1,211                 807                 648                 280            10,018 Identifiable operating expenses 1,580                   1,006                  765                 662                           778                 496                 406                 169              5,862 2,629                  1,460              1,288              1,301                        1,151                767                703                309             9,608 1,477                     940                 704                 645                           751                439                434                191             5,581 Allocated expenses 509                      263                  245                 248                           215                 134                 117                   64              1,795 Segment Profit 696                      365                  339                 394                           218                 177                 125                   47              2,361", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 73, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "75960ff85e374779"}, {"chunk_id": "6af82437dfe20f35", "content": "Segment Profit 696                      365                  339                 394                           218                 177                 125                   47              2,361 655                     276                 358                 421                           202                192                146                  52             2,302 497                     244                 226                 235                           198                136                123                  66             1,725 Unallocable expenses 268 276 Operating profit 2,093 2,026 Other income, net 234 186 Finance Cost 24 26 Profit before income taxes 2,303 2,186 Income tax expense 654 644 Net profit 1,649 1,542 Depreciation and amortization 268 276 Non-cash expenses other than depreciation and amortization - - (1)  Financial Services include enterprises in Financial Services and Insurance (2)  Retail includes enterprises in Retail, Consumer Packaged Goods and Logistics (3)  Communication includes enterprises in Communication, Telecom OEM and Media (4)  Life Sciences includes enterprises in Life sciences and Health care (5)  Others include operating segments of businesses in India, Japan, China, Infosys Public Services & other enterprises in Public Services 2.15.2 Significant clients", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 73, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "75960ff85e374779"}, {"chunk_id": "976d880c80f5b0a9", "content": "(5)  Others include operating segments of businesses in India, Japan, China, Infosys Public Services & other enterprises in Public Services 2.15.2 Significant clients No client individually accounted for more than 10% of the Revenue for the three months and six months ended September 30, 2025 and September 30, 2024, respectively 2.16 Revenue from Operations The Group derives revenues primarily from IT services comprising software development and related services, cloud and infrastructure services, maintenance, consulting and package implementation, licensing of software products and platforms across the Group’s core and digital offerings (together called as “software related services”) and business process management services. Contracts with customers are either on a time-and-material, unit of work, fixed-price or on a fixed-timeframe basis. Revenues from customer contracts are considered for recognition and measurement when the contract has been approved in writing, by the parties, to the contract, the parties to contract are committed to perform their respective obligations under the contract, and the contract is legally enforceable. Revenue is recognized upon transfer of control of promised products or services (“performance obligations”) to customers in an amount that reflects the consideration the Group has received or expects to receive in exchange for these products or services (“transaction price”).", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 73, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "75960ff85e374779"}, {"chunk_id": "809e27474ba679ee", "content": "services (“performance obligations”) to customers in an amount that reflects the consideration the Group has received or expects to receive in exchange for these products or services (“transaction price”). When there is uncertainty as to collectability, revenue recognition is postponed until such uncertainty is resolved. The Group assesses the services promised in a contract and identifies distinct performance obligations in the contract. The Group allocates the transaction price to each distinct performance obligation based on the relative standalone selling price. The price that is regularly charged for an item when sold separately is the best evidence of its standalone selling price. In the absence of such evidence, the primary method used to estimate standalone selling price is the expected cost plus a margin, under which the Group estimates the cost of satisfying the performance obligation and then adds an appropriate margin based on similar services. The Group’s contracts may include variable consideration including rebates, volume discounts and penalties. The Group includes variable consideration as part of transaction price when there is a basis to reasonably estimate the amount of the variable consideration and when it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is resolved.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 73, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "75960ff85e374779"}, {"chunk_id": "2528de004d7822dc", "content": "the uncertainty associated with the variable consideration is resolved. Revenue on time-and-material and unit of work based contracts, are recognized as the related services are performed. Fixed price maintenance revenue is recognized ratably either on a straight-line basis when services are performed through an indefinite number of repetitive acts over a specified period or ratably using a percentage of completion method when the pattern of benefits from the services rendered to the customer and Group’s costs to fulfil the contract is not even through the period of contract because the services are generally discrete in nature and not repetitive. Revenue from other fixed-price, fixed-timeframe contracts, where the performance obligations are satisfied over time is recognized using the percentage-of- completion method. Efforts or costs expended are used to determine progress towards completion as there is a direct relationship between input and productivity. Progress towards completion is measured as the ratio of costs or efforts incurred to date (representing work performed) to the estimated total costs or efforts. Estimates of transaction price and total costs or efforts are continuously monitored over the term of the contracts and are recognized in net profit in the period when these estimates change or when the estimates are revised. Revenues", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 73, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "75960ff85e374779"}, {"chunk_id": "721ccbf37bcc53e0", "content": "or efforts are continuously monitored over the term of the contracts and are recognized in net profit in the period when these estimates change or when the estimates are revised. Revenues and the estimated total costs or efforts are subject to revision as the contract progresses. Provisions for estimated losses, if any, on incomplete contracts are recorded in the period in which such losses become probable based on the estimated efforts or costs to complete the contract. The billing schedules agreed with customers include periodic performance based billing and / or milestone based progress billings. Revenues in excess of billing are classified as unbilled revenue while billing in excess of revenues are classified as contract liabilities (which we refer to as unearned revenues).", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 73, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "75960ff85e374779"}, {"chunk_id": "105013d724093be5", "content": "In arrangements for software development and related services and maintenance services, by applying the revenue recognition criteria for each distinct performance obligation, the arrangements with customers generally meet the criteria for considering software development and related services as distinct performance obligations. For allocating the transaction price, the Group measures the revenue in respect of each performance obligation of a contract at its relative standalone selling price. The price that is regularly charged for an item when sold separately is the best evidence of its standalone selling price. In cases where the Group is unable to determine the standalone selling price, the Group uses the expected cost plus margin approach in estimating the standalone selling price. For software development and related services, the performance obligations are satisfied as and when the services are rendered since the customer generally obtains control of the work as it progresses. Certain cloud and infrastructure services contracts include multiple elements which may be subject to other specific accounting guidance, such as leasing guidance. These contracts are accounted in accordance with such specific accounting guidance. In such arrangements where the Group is able to determine that hardware and services are distinct performance", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 74, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f96e96904248c288"}, {"chunk_id": "e278d45cff2e45c2", "content": "These contracts are accounted in accordance with such specific accounting guidance. In such arrangements where the Group is able to determine that hardware and services are distinct performance obligations, it allocates the consideration to these performance obligations on a relative standalone selling price basis. In the absence of standalone selling price, the Group uses the expected cost-plus margin approach in estimating the standalone selling price. When such arrangements are considered as a single performance obligation, revenue is recognized over the period and measure of progress is determined based on promise in the contract. Revenue from licenses where the customer obtains a “right to use” the licenses is recognized at the time the license is made available to the customer. Revenue from licenses where the customer obtains a “right to access” is recognized over the access period. Arrangements to deliver software products generally have three elements: license, implementation and Annual Technical Services (ATS).When implementation services are provided in conjunction with the licensing arrangement and the license and implementation have been identified as two distinct separate performance obligations, the transaction price for such contracts are allocated to each performance obligation of the contract based on their relative standalone selling prices.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 74, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f96e96904248c288"}, {"chunk_id": "f251738fc5aec301", "content": "contracts are allocated to each performance obligation of the contract based on their relative standalone selling prices. In the absence of standalone selling price for implementation, the Group uses the expected cost plus margin approach in estimating the standalone selling price. Where the license is required to be substantially customized as part of the implementation service the entire arrangement fee for license and implementation is considered to be a single performance obligation and the revenue is recognized using the percentage-of-completion method as the implementation is performed. Revenue from client training, support and other services arising due to the sale of software products is recognized as the performance obligations are satisfied. ATS revenue is recognized ratably on a straight-line basis over the period in which the services are rendered. Contracts with customers includes subcontractor services or third-party vendor equipment or software in certain integrated services arrangements. In these types of arrangements, revenue from sales of third-party vendor products or services is recorded net of costs when the Group is acting as an agent between the customer and the vendor, and gross when the Group is the principal for the transaction. In doing so, the Group first evaluates whether it obtains control of the specified goods or services before they are transferred to the customer. The Group", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 74, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f96e96904248c288"}, {"chunk_id": "f69a3bbd64ff0a21", "content": "principal for the transaction. In doing so, the Group first evaluates whether it obtains control of the specified goods or services before they are transferred to the customer. The Group considers whether it is primarily responsible for fulfilling the promise to provide the specified goods or services, inventory risk, pricing discretion and other factors to determine whether it controls the specified goods or services and therefore, is acting as a principal or an agent. A contract modification is a change in the scope or price or both of a contract that is approved by the parties to the contract. A contract modification that results in the addition of distinct performance obligations are accounted for either as a separate contract if the additional services are priced at the standalone selling price or as a termination of the existing contract and creation of a new contract if they are not priced at the standalone selling price. If the modification does not result in a distinct performance obligation, it is accounted for as part of the existing contract on a cumulative catch-up basis. The incremental costs of obtaining a contract (i.e., costs that would not have been incurred if the contract had not been obtained) are recognized as an asset if the Group expects to recover them.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 74, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f96e96904248c288"}, {"chunk_id": "46ef9cc16df86e4e", "content": "The incremental costs of obtaining a contract (i.e., costs that would not have been incurred if the contract had not been obtained) are recognized as an asset if the Group expects to recover them. Certain eligible, nonrecurring costs (e.g. set-up or transition or transformation costs) that do not represent a separate performance obligation are recognized as an asset when such costs (a) relate directly to the contract; (b) generate or enhance resources of the Group that will be used in satisfying the performance obligation in the future; and (c) are expected to be recovered. Capitalized contract costs relating to upfront payments to customers are amortized to revenue and other capitalized costs are amortized to cost of sales over the respective contract life on a systematic basis consistent with the transfer of goods or services to customer to which the asset relates. Capitalized costs are monitored regularly for impairment. Impairment losses are recorded when present value of projected remaining operating cash flows is not sufficient to recover the carrying amount of the capitalized costs. The Group presents revenues net of indirect taxes in its interim Consolidated Statement of Comprehensive Income. Revenues for the three months and six months ended September 30, 2025 and September 30, 2024 is as follows (Dollars in millions) Three months ended September 30, Six months ended September 30, 2025 2024 2025 2024", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 74, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f96e96904248c288"}, {"chunk_id": "d78287ab9c76c383", "content": "Revenues for the three months and six months ended September 30, 2025 and September 30, 2024 is as follows (Dollars in millions) Three months ended September 30, Six months ended September 30, 2025 2024 2025 2024 Revenue from software services 4,837                        4,673                          9,551                   9,169 Revenue from products and platforms 239                           221                             467                      439 Total revenue from operations 5,076                        4,894                        10,018                   9,608 The Group also derives revenues from the sale of products and platforms like Finacle – core banking solution, Edge Suite of products, Panaya platform, Stater digital platform and Infosys McCamish – insurance platform. Disaggregated revenue information", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 74, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f96e96904248c288"}, {"chunk_id": "aa67ee86402a7320", "content": "Revenue disaggregation by business segments has been included in segment information (Refer note 2.15). The table below presents disaggregated revenues from contracts with customers by geography and contract type. The Group believes that this disaggregation best depicts how the nature, amount, timing and uncertainty of revenues and cash flows are affected by industry, market and other economic factors. For the three months and six months ended September 30, 2025 and September 30, 2024 Three months ended September 30, Six months ended September 30, (Dollars in millions) 2025 2024 2025 2024 Revenues by Geography* North America 2,856                        2,807                          5,645                   5,582 Europe 1,611                        1,458                          3,171                   2,799 India 158                           154                             301                      301 Rest of the world 451                           475                             901                      926 Total 5,076                        4,894                        10,018                   9,608 * Geographical revenue is based on the domicile of customer The percentage of revenue from fixed-price contracts for each of the three months ended September 30, 2025 and September 30, 2024 is 54%. The percentage of revenue from fixed- price contracts for each of the six months ended September 30, 2025 and September 30, 2024 is 54%.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 76, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "67453dda845f1bb8"}, {"chunk_id": "83ad4247189aaf6f", "content": "The percentage of revenue from fixed- price contracts for each of the six months ended September 30, 2025 and September 30, 2024 is 54%. Trade Receivables and Contract Balances The timing of revenue recognition, billings and cash collections results in receivables, unbilled revenue, and unearned revenue on the Group’s Consolidated Balance Sheet. Amounts are billed as work progresses in accordance with agreed-upon contractual terms, either at periodic intervals (e.g., monthly or quarterly) or upon achievement of contractual milestones. The Group’s receivables are rights to consideration that are unconditional. Unbilled revenues comprising revenues in excess of billings from time and material contracts and fixed price maintenance contracts are classified as financial asset when the right to consideration is unconditional and is due only after a passage of time. Invoicing to the clients for other fixed price contracts is based on milestones as defined in the contract and therefore the timing of revenue recognition is different from the timing of invoicing to the customers. Therefore, unbilled revenues for other fixed price contracts (contract asset) are classified as non-financial asset because the right to consideration is dependent on completion of contractual milestones. Invoicing in excess of earnings are classified as unearned revenue.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 76, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "67453dda845f1bb8"}, {"chunk_id": "c69480f882b98f0d", "content": "on completion of contractual milestones. Invoicing in excess of earnings are classified as unearned revenue. Trade receivable and unbilled revenues are presented net of impairment in the consolidated balance sheet. (Dollars in millions) Particulars 2.17 Unbilled Revenue September 30, 2025 March 31, 2025 Unbilled financial asset (1) 1,261                   1,195 Unbilled non financial asset (2) 611                      569 Total 1,872                   1,764 (1) Right to consideration is unconditional and is due only after a passage of time. (2) Right to consideration is dependent on completion of contractual milestones. Ordinary shares are classified as equity. Incremental costs directly attributable to the issuance of new ordinary shares, share options and buyback are recognized as a deduction from equity, net of any tax effects. When any entity within the Group purchases the company's ordinary shares, the consideration paid including any directly attributable incremental cost is presented as a deduction from total equity, until they are cancelled, sold or reissued. When treasury shares are sold or reissued subsequently, the amount received is recognized as an increase in equity, and the resulting surplus or deficit on the transaction is transferred to/ from Share premium. The amount received in excess of the par value has been classified as share premium.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 76, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "67453dda845f1bb8"}, {"chunk_id": "bfb407bd457f453f", "content": "an increase in equity, and the resulting surplus or deficit on the transaction is transferred to/ from Share premium. The amount received in excess of the par value has been classified as share premium. Additionally, share-based compensation recognized in net profit in the interim condensed consolidated statement of comprehensive income is credited to share premium. Amounts have been utilized for bonus issue and share buyback from share premium account. The Company has only one class of shares referred to as equity shares having a par value of ₹5/-. Retained earnings represent the amount of accumulated earnings of the Group. The Special Economic Zone Re-investment reserve has been created out of the profit of the eligible SEZ unit in terms of the provisions of Sec 10AA (1)(ii) of Income Tax Act, 1961. The reserve should be utilized by the Company for acquiring new plant and machinery for the purpose of its business in terms of the provisions of the Sec 10AA (2) of the Income Tax Act, 1961. Capital Redemption Reserve In accordance with section 69 of the Indian Companies Act, 2013, the Company creates capital redemption reserve equal to the nominal value of the shares bought back as an appropriation from general reserve / retained earnings. Cash flow hedge reserve When a derivative is designated as a cash flow hedging instrument, the effective portion of changes in the fair value of the derivative is recognized in other", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 76, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "67453dda845f1bb8"}, {"chunk_id": "1e7c752caca10156", "content": "Cash flow hedge reserve When a derivative is designated as a cash flow hedging instrument, the effective portion of changes in the fair value of the derivative is recognized in other comprehensive income and accumulated in the cash flow hedging reserve. The cumulative gain or loss previously recognized in the cash flow hedging reserve is transferred to the net profit in the interim condensed consolidated Statement of Comprehensive Income upon the occurrence of the related forecasted transaction. Other components of equity Other components of equity include currency translation, re-measurement of net defined benefit liability/asset, fair value changes of equity instruments fair valued through other comprehensive income, changes on fair valuation of investments, net of taxes. Each holder of equity shares is entitled to one vote per share. The equity shares represented by American Depositary Shares (ADS) carry similar rights to voting and dividends as the other equity shares. Each ADS represents one underlying equity share. In the event of liquidation of the company, the holders of shares shall be entitled to receive any of the remaining assets of the company, after distribution of all preferential amounts. However, no such preferential amounts exist currently, other than the amounts held by irrevocable controlled trusts. The amount distributed will", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 76, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "67453dda845f1bb8"}, {"chunk_id": "16ff8b371a6a2995", "content": "preferential amounts. However, no such preferential amounts exist currently, other than the amounts held by irrevocable controlled trusts. The amount distributed will be in proportion to the number of equity shares held by the shareholders. For irrevocable controlled trusts, the corpus would be settled in favor of the beneficiaries. 2.18.4 Share capital and share premium There are no voting, dividend or liquidation rights to the holders of options issued under the company's share option plans. The Company has only one class of shares referred to as equity shares having a par value of ₹5/- each. 9,091,403 shares and 9,655,927 shares were held by controlled trust, as at September 30, 2025 and March 31, 2025, respectively 2.18.5 Capital allocation policy", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 76, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "67453dda845f1bb8"}, {"chunk_id": "f5417c055bf06d37", "content": "Effective fiscal 2025, the Company expects to continue its policy of returning approximately 85% of the free cash flow cumulatively over a 5-year period through a combination of semi-annual dividends and/or share buyback/ special dividends subject to applicable laws and requisite approvals, if any. Under this policy, the Company expects to progressively increase its annual dividend per share (excluding special dividend if any). Free cash flow is defined as net cash provided by operating activities less capital expenditure as per the consolidated statement of cash flows prepared under IFRS. Dividend and buyback include applicable taxes. Update on buyback announced in September 2025 The Board, at its meeting on September 11, 2025, approved a proposal for the Company to buyback its fully paid-up equity shares of face value of ₹5/- each from the eligible equity shareholders of the Company for an amount of ₹18,000 crore, subject to shareholders' approval by way of Postal Ballot. The Buyback offer if approved by shareholders would comprise a purchase of 10,00,00,000 Equity Shares comprising approximately 2.41% of the total paid-up equity share capital of the Company as of June 30, 2025 (on standalone basis) at a price of ₹1,800 per Equity share. The buyback is proposed to be made from all eligible equity shareholders (including", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 77, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "de0cb9094a60064c"}, {"chunk_id": "12a85427d6114707", "content": "as of June 30, 2025 (on standalone basis) at a price of ₹1,800 per Equity share. The buyback is proposed to be made from all eligible equity shareholders (including those who become equity shareholders as on the Record date by cancelling American Depository Shares and withdrawing underlying Equity shares) of the Company as on the Record Date (to be determined by the Board/ Buyback Committee) on a proportionate basis through the \"Tender offer\" route. The Company has sent out a notice to its shareholders as of September 26, 2025 seeking the approval of the shareholders through postal ballot. The voting for this postal ballot is expected to end on November 4, 2025. The Company’s objective when managing capital is to safeguard its ability to continue as a going concern and to maintain an optimal capital structure so as to maximize shareholder value. In order to maintain or achieve an optimal capital structure, the Company may adjust the amount of dividend payment, return capital to shareholders, issue new shares or buy back issued shares. As of September 30, 2025, the Company has only one class of equity shares and has no debt. Consequent to the above capital structure there are no externally imposed capital requirements. The final dividend on shares is recorded as a liability on the date of approval by the shareholders and interim dividends are recorded as a liability on the date of", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 77, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "de0cb9094a60064c"}, {"chunk_id": "75fd9310a1c2af3d", "content": "The final dividend on shares is recorded as a liability on the date of approval by the shareholders and interim dividends are recorded as a liability on the date of declaration by the Company's Board of Directors. Income tax consequences of dividends on financial instruments classified as equity will be recognized according to where the entity originally recognized those past transactions or events that generated distributable profits. The Company declares and pays dividends in Indian rupees. Companies are required to pay/distribute dividend after deducting applicable taxes. The remittance of dividends outside India is governed by Indian law on foreign exchange and is also subject to withholding tax at applicable rates. The amount of per share dividend recognized as distribution to equity shareholders is as follows: Particulars Six months ended September 30, 2025 Six months ended September 30, 2024 in ₹ in US Dollars in ₹ in US Dollars Final dividend for fiscal 2025 22.00                          0.26 -                               - Special dividend for fiscal 2024 -                                -                           8.00                         0.10 Final dividend for fiscal 2024 - -                         20.00                         0.24 The Board of Directors in their meeting held on April 17, 2025 recommended a final dividend of ₹22/- per equity share (approximately $0.26 per equity share) for the", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 77, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "de0cb9094a60064c"}, {"chunk_id": "fb7153dd397380dc", "content": "The Board of Directors in their meeting held on April 17, 2025 recommended a final dividend of ₹22/- per equity share (approximately $0.26 per equity share) for the financial year ended March 31, 2025. The same was approved by the shareholders at the Annual General Meeting (AGM) of the Company held on June 25, 2025 which resulted in a net cash outflow of $1,062 million, excluding dividend paid on treasury shares. The final dividend was paid on June 30, 2025. The Board of Directors in their meeting held on October 16, 2025 declared an interim dividend of ₹23/- per equity share (approximately $0.26 per equity share) which would result in a net cash outflow of approximately ₹9,534 crore ($1,074 million) excluding dividend paid on treasury shares. 2.19 Break-up of expenses and other income, net 2.19.1 Gratuity and Pensions The Group provides for gratuity, a defined benefit retirement plan ('the Gratuity Plan') covering eligible employees majorly of Infosys and its Indian subsidiaries. The Gratuity Plan provides a lump-sum payment to vested employees at retirement, death, incapacitation or termination of employment, of an amount based on the respective employee's salary and the tenure of employment with the Group. The Company contributes Gratuity liabilities to the Infosys Limited Employees' Gratuity Fund Trust (the Trust). In case", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 77, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "de0cb9094a60064c"}, {"chunk_id": "0c057985c6c7a964", "content": "salary and the tenure of employment with the Group. The Company contributes Gratuity liabilities to the Infosys Limited Employees' Gratuity Fund Trust (the Trust). In case of Infosys BPM and EdgeVerve, contributions are made to the Infosys BPM Employees' Gratuity Fund Trust and EdgeVerve Systems Limited Employees' Gratuity Fund Trust, respectively. Trustees administer contributions made to the Trusts and contributions are invested in a scheme with the Life Insurance Corporation of India as permitted by Indian law. The Group operates defined benefit pension plan in certain overseas jurisdictions, in accordance with the local laws. These plans are managed by third party fund managers. The plans provide for periodic payouts after retirement or for a lumpsum payment as set out in rules of each fund and includes death and disability benefits. The defined benefit plans require contributions which are based on a percentage of salary that varies depending on the age of the respective employees. Liabilities with regard to these defined benefit plans are determined by actuarial valuation, performed by an external actuary, at each Balance Sheet date using the projected unit credit method. These defined benefit plans expose the Group to actuarial risks, such as longevity risk, interest rate risk and market risk. The Group recognizes the net obligation of a defined benefit plan in its Balance Sheet as an asset or liability.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 77, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "de0cb9094a60064c"}, {"chunk_id": "2e0771bf8f581e30", "content": "The Group recognizes the net obligation of a defined benefit plan in its Balance Sheet as an asset or liability. Gains and losses through re-measurements of the net defined benefit liability/(asset) are recognized in other comprehensive income and are not reclassified to profit or loss in subsequent periods. The actual return of the portfolio of plan assets, in excess of the yields computed by applying the discount rate used to measure the defined benefit obligation is recognized in other comprehensive income. The effect of any plan amendments is recognized in net profits in the interim condensed consolidated statement of comprehensive income. 2.19.2 Superannuation", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 77, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "de0cb9094a60064c"}, {"chunk_id": "aa89b99da70fea78", "content": "Certain employees of Infosys, Infosys BPM and EdgeVerve are participants in a defined contribution plan. The Group has no further obligations to the Plan beyond its monthly contributions which are periodically contributed to a trust fund, the corpus of which is invested with the Life Insurance Corporation of India. 2.19.3 Provident fund Eligible employees of Infosys receive benefits from a provident fund, which is a defined benefit plan. Both the eligible employee and the company make monthly contributions to the provident fund plan equal to a specified percentage of the covered employee's salary. The company contributes a portion of the contributions to the Infosys Limited Employees' Provident Fund Trust. The trust invests in specific designated instruments as permitted by Indian law. The remaining portion is contributed to the government administered pension fund. The rate at which the annual interest is payable to the beneficiaries by the trust is being administered by the Government of India. The company has an obligation to make good the shortfall, if any, between the return from the investments of the Trust and the notified interest rate. In respect of Indian subsidiaries, eligible employees receive benefits from a provident fund, which is a defined contribution plan. Both the eligible employee and the respective", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 79, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "09e992f3d1f6acde"}, {"chunk_id": "c21a685f3fd15ed3", "content": "In respect of Indian subsidiaries, eligible employees receive benefits from a provident fund, which is a defined contribution plan. Both the eligible employee and the respective companies make monthly contributions to this provident fund plan equal to a specified percentage of the covered employee's salary. Amounts collected under the provident fund plan are deposited in a government administered provident fund. The companies have no further obligation to the plan beyond its monthly contributions. 2.19.4 Compensated absences The Group has a policy on compensated absences which are both accumulating and non-accumulating in nature. The expected cost of accumulating compensated absences is determined by actuarial valuation performed by an external actuary at each balance sheet date using projected unit credit method on the additional amount expected to be paid/availed as a result of the unused entitlement that has accumulated at the balance sheet date. Expense on non-accumulating compensated absences is recognized in the period in which the absences occur. 2.19.5 Other income, net Other income is comprised primarily of interest income, dividend income, gain/loss on investment and exchange gain/loss on forward and options contracts and on translation of foreign currency assets and liabilities. Interest income is recognized using the effective interest method. Dividend income is recognized when the right to receive payment is", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 79, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "09e992f3d1f6acde"}, {"chunk_id": "b9ee5eaae9b41b2b", "content": "of foreign currency assets and liabilities. Interest income is recognized using the effective interest method. Dividend income is recognized when the right to receive payment is established. 2.19.6 Foreign Currency Functional currency and presentation currency The functional currency of Infosys, its Indian subsidiaries and controlled trusts is the Indian rupee. The functional currencies for foreign subsidiaries are their respective local currencies. These financial statements are presented in U.S. dollars (rounded off to the nearest million) to facilitate the investors’ ability to evaluate Infosys’ performance and financial position in comparison to similar companies domiciled in other geographic locations. Transactions and translations Foreign-currency denominated monetary assets and liabilities are translated into the relevant functional currency at exchange rates in effect at the Balance Sheet date. The gains or losses resulting from such translations are recognized in the interim condensed Consolidated Statement of Comprehensive Income and reported within exchange gains/ (losses) on translation of assets and liabilities, net, except when deferred in Other Comprehensive Income as qualifying cash flow hedges. Non-monetary assets and non- monetary liabilities denominated in a foreign currency and measured at fair value are translated at the exchange rate prevalent at the date when the fair value was determined.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 79, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "09e992f3d1f6acde"}, {"chunk_id": "271aa3374ebb3d65", "content": "Non-monetary assets and non- monetary liabilities denominated in a foreign currency and measured at fair value are translated at the exchange rate prevalent at the date when the fair value was determined. Non-monetary assets and non-monetary liabilities denominated in a foreign currency and measured at historical cost are translated at the exchange rate prevalent at the date of transaction. The related revenue and expense are recognized using the same exchange rate. Transaction gains or losses realized upon settlement of foreign currency transactions are included in determining net profit for the period in which the transaction is settled. Revenue, expense and cash-flow items denominated in foreign currencies are translated into the relevant functional currencies using the exchange rate in effect on the date of the transaction. The translation of financial statements of the foreign subsidiaries to the presentation currency is performed for assets and liabilities using the exchange rate in effect at the Balance Sheet date and for revenue, expense and cash-flow items using the average exchange rate for the respective periods. The gains or losses resulting from such translation are included in currency translation reserves under other components of equity. When a subsidiary is disposed off, in full, the relevant amount is transferred to net profit in the Statement of Comprehensive Income.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 79, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "09e992f3d1f6acde"}, {"chunk_id": "e1a94d033ab55d58", "content": "When a subsidiary is disposed off, in full, the relevant amount is transferred to net profit in the Statement of Comprehensive Income. However, when a change in the parent's ownership does not result in loss of control of a subsidiary, such changes are recorded through equity. Other Comprehensive Income, net of taxes includes translation differences on non-monetary financial assets measured at fair value at the reporting date, such as equities classified as financial instruments and measured at fair value through other comprehensive income (FVOCI). Goodwill and fair value adjustments arising on the acquisition of a foreign entity are treated as assets and liabilities of the foreign entity and translated at the exchange rate in effect at the Balance Sheet date. 2.19.7 Government grants The Group recognizes government grants only when there is reasonable assurance that the conditions attached to them shall be complied with, and the grants will be received. Government grants related to assets are treated as deferred income and are recognized in the net profit in the statement of comprehensive income on a systematic and rational basis over the useful life of the asset. Government grants related to revenue are recognized on a systematic basis in the statement of comprehensive income over the periods necessary to match them with the related costs which they are intended to compensate. 2.19.8 Operating Profits", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 79, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "09e992f3d1f6acde"}, {"chunk_id": "e497ec28ea236c88", "content": "necessary to match them with the related costs which they are intended to compensate. 2.19.8 Operating Profits Operating profit of the Group is computed considering the revenues, net of cost of sales, selling and marketing expenses and administrative expenses. The table below provides details of break-up of expenses: (Dollars in millions) Particulars Six months ended September 30, Three months ended September 30,", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 79, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "09e992f3d1f6acde"}, {"chunk_id": "d1453f7272ff109f", "content": "Employee benefit costs 2,394 2,316 4,784 4,573 Depreciation and amortization 135 138 268 276 Travelling costs 39 36 77 75 Cost of technical sub-contractors 443 381 852 761 Cost of software packages for own use 73 69 148 136 Third party items bought for service delivery to clients 380 398 739 742 Consultancy and professional charges (1) 8 - 21 Communication costs 10 11 18 19 Repairs and maintenance 17 14 34 29 Provision for post-sales client support and other provisions 9 16 (12) 3 Others 17                           13                         25                         24 Total 3,516 3,400                    6,933 6,659 Selling and marketing expenses Particulars Six months ended September 30, Three months ended September 30, (Dollars in millions) Employee benefit costs 191 173 379 343 Travelling costs 15 12 30 24 Branding and marketing 33 30 78 72 Consultancy and professional charges 10 5 16 9 Communication costs 1 -                             1 - Others 4 1                           8 6 Total 254                         221                       512                       454 Administrative expenses Particulars Six months ended September 30, Three months ended September 30, (Dollars in millions) Employee benefit costs 92 86 185 169 Consultancy and professional charges 45 41 93 77 Repairs and maintenance 32 31 63 62 Power and fuel 7 7 13 15 Communication costs 8 10 17 19 Travelling costs 7 7 14 13 Rates and taxes 9 11", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 80, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "616e49c8fcbb8778"}, {"chunk_id": "9007a57e60092ac4", "content": "Consultancy and professional charges 45 41 93 77 Repairs and maintenance 32 31 63 62 Power and fuel 7 7 13 15 Communication costs 8 10 17 19 Travelling costs 7 7 14 13 Rates and taxes 9 11 19 25 Insurance charges 10 9 19 18 Commission to non-whole time directors 1 -                             1 1 Impairment loss recognized/(reversed) under expected credit loss model -                             11                           4                         11 Contribution towards Corporate Social Responsibility 17                           19                         31                         39 Others 13                             8                         21                         20 Total 241                         240                       480                       469 Other income for the three months and six months ended September 30, 2025 and September 30, 2024 is as follows: Particulars Six months ended September 30, Three months ended September 30, (Dollars in millions) Interest income on financial assets carried at amortized cost 56                           45                       113                         85 Interest income on financial assets carried at fair value through other comprehensive income 28                           26                         67                         65 Gain/(loss) on investments carried at fair value through profit or loss", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 80, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "616e49c8fcbb8778"}, {"chunk_id": "a727b02bd513d922", "content": "28                           26                         67                         65 Gain/(loss) on investments carried at fair value through profit or loss 6                             9                         15                         22 Gain/(loss) on investments carried at amortized cost 6 -                             9 - Exchange gains / (losses) on forward and options contracts (77)                          (48)                     (156)                       (43) Exchange gains / (losses) on translation of other assets and liabilities 91                           46                       178                         46 Others 2                             7                           8                         11 Total 112                           85                       234                       186 for and on behalf of the Board of Directors of Infosys Limited Nandan M. Nilekani Chairman Salil Parekh Bobby Parikh Chief Executive Officer Director and Managing Director Bengaluru Jayesh Sanghrajka A.G.S. Manikantha October 16, 2025 Chief Financial Officer Company Secretary", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 80, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "616e49c8fcbb8778"}, {"chunk_id": "951f7bd55b12e689", "content": "[OCR] Deloitte Chartered Accountants Prestige Trade Tower; Level 19 46, Palace Road, High Grounds Haskins & Sells LLP Bengaluru-560 001 Karnataka; India Tel: +91 80 6188 6000 Fax: +91 80 6188 6011 INDEPENDENT AUDITOR'S REPORT To THE BOARD OF DIRECTORS OF INFOSYS LIMITED Report on the Audit of the Interim Condensed Consolidated Financial Statements Opinion We have audited the accompanying interim condensed consolidated financial statements of Company\") , and its subsidiaries (the Company and its subsidiaries INFOSYS LIMITED (the together referred to as the 'Group\") , which comprise the Condensed Consolidated Balance Sheet as at September 30, 2025, the Condensed Consolidated Statement of Comprehensive Income for the three months and six months ended on that date, the Condensed Consolidated Statement of Changes in Equity, and the Condensed Consolidated Statement of Cash Flows for the six months ended on that date, and notes to the financial statements, including a summary of material accounting policies and other explanatory information (hereinafter referred to as the 'Interim Condensed Consolidated Financial Statements\"). In our opinion and to the best of our information and according to the explanations given to a true and fair uS, the aforesaid Interim Condensed Consolidated Financial Statements give view in conformity with International Accounting Standard 34 \"Interim Financial Reporting 34\") Standards Board IASB\"), of the International Accounting (\"IAS by", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 81, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d5e05aaf6301d6c5"}, {"chunk_id": "de4151ecfa85c0ed", "content": "view in conformity with International Accounting Standard 34 \"Interim Financial Reporting 34\") Standards Board IASB\"), of the International Accounting (\"IAS by the issued as consolidated state of affairs of the Group as at September 30, 2025, its consolidated profit and its consolidated total comprehensive income for the three months and six months ended on that date, its consolidated changes in equity and its consolidated cash flows for the six months ended on that date_ Basis for Opinion Condensed   Consolidated Financial Statements in audit of the Interim We conducted our on Auditing (\"SAs\"- by the Institute of Chartered accordance with the Standards issued Accountants of India (\"ICAI\"). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Interim Condensed Consolidated Financial Statements section of our report: We are independent of the Group in accordance with the Code of Ethics issued by the ICAI, and we have fulfilled our other ethical responsibilities in believe that the audit evidence obtained by with the Code of Ethics. us is accordance We sufficient and appropriate to provide a basis for our audit opinion on the Interim Condensed Consolidated Financial Statements: Responsibilities of Management and Board of Directors for the Interim Condensed Consolidated Financial Statements The Company's Board of Directors is responsible for the preparation and presentation of these", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 81, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d5e05aaf6301d6c5"}, {"chunk_id": "676dd167cd819e6e", "content": "Financial Statements The Company's Board of Directors is responsible for the preparation and presentation of these Consolidated Financial Statements that give a true and fair view of the Interim Condensed consolidated consolidated financial performance , total consolidated financial position, comprehensive income, consolidated changes in equity and consolidated cash flows of the Group in accordance with IAS 34 as issued by the IASB_ The respective Boards of Directors of the entities included in the Group are responsible for maintenance of the adequate accounting records for safeguarding assets of the Group and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance financial  controls, that effectively for   ensuring the of adequate internal accounting   records,  relevant the   preparation accuracy completeness   of and and the to presentation of the respective interim financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error which have been used for the purpose of preparation of the Interim Condensed Consolidated Financial Statements by the Directors of the Company, as aforesaid_ Regd. Office: One International Center; Tower 3,31st floor, Senapati Bapat Marg Elphinstone Road (West) Mumbai-40O 013, Maharashtra, India_", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 81, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d5e05aaf6301d6c5"}, {"chunk_id": "ee4b499088319a93", "content": "[OCR] Deloitte Haskins & Sells LLP In preparing the Interim Condensed Consolidated Financial Statements, the respective Boards of Directors of the entities included in the Group are responsible for assessing the ability of the respective entities to continue as a going concern, disclosing, as applicable, matters related to the going concern basis of accounting unless the respective Boards using going concern and of Directors either intend to liquidate their respective entities or to cease operations, r have no realistic alternative but to do so. The respective Boards of Directors of the entities included in the Group are also responsible for overseeing the financial reporting process of the Group: Consolidated Financial Auditor's  Responsibilities Interim Condensed for the Audit of  the Statements Condensed obtain reasonable assurance about whether the Interim Our objectives are to Consolidated Financial Statements as a whole are free from material misstatement, whether or error, and to issue an auditor's report that includes our opinion. Reasonable due to fraud guarantee that audit conducted high level of assurance but is in assurance is not an accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, could reasonably be expected to influence the economic decisions of users taken on the they", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 84, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aafa4b8e22b48f27"}, {"chunk_id": "3eb911a87c1418cb", "content": "Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, could reasonably be expected to influence the economic decisions of users taken on the they basis of these Interim Condensed Consolidated Financial Statements As part of an audit in accordance with SAS, we exercise professional judgment and maintain professional scepticism throughout the audit; We also: Condensed of the Interim misstatement Identify and the risks of material assess or error, design and perform whether due to fraud Consolidated Financial Statements, audit procedures responsive to those risks, and obtain audit evidence that is sufficient and material for our opinion. appropriate to provide The risk of not  detecting basis misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control, Obtain an understanding of internal financial controls relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on effectiveness of such controls_ of accounting policies the reasonableness of the appropriateness used and Evaluate accounting estimates and related disclosures made by management; appropriateness of management's use of the going concern basis of Conclude the on whether a material uncertainty on the audit evidence obtained_", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 84, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aafa4b8e22b48f27"}, {"chunk_id": "dda4655d84e3a31e", "content": "Evaluate accounting estimates and related disclosures made by management; appropriateness of management's use of the going concern basis of Conclude the on whether a material uncertainty on the audit evidence obtained_ accounting and, based exists related to events or conditions that may cast significant doubt on the ability of the Group to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Consolidated such disclosures if Interim Condensed Financial Statements are Or, based on the audit evidence inadequate, modify our opinion. Our conclusions to are obtained up to the date of our auditor's report. However, future events or conditions may cause the Group to cease to continue as a going concern. Condensed of Interim presentation, structure and content the Evaluate the overall Financial Statements, including the disclosures, and whether the Interim Consolidated Condensed Consolidated Financial Statements represent the underlying transactions and a manner that achieves fair presentation. events in of the financial information sufficient appropriate audit evidence regarding the Obtain on the Interim Condensed Consolidated entities within the Group to express an opinion Financial Statements. We are responsible for the direction, supervision and performance entities included in the Interim Condensed of the audit of financial statements of such", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 84, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aafa4b8e22b48f27"}, {"chunk_id": "ef603ca4f5a1d22d", "content": "Financial Statements. We are responsible for the direction, supervision and performance entities included in the Interim Condensed of the audit of financial statements of such Consolidated Financial Statements of which we are independent auditors. [OCR] Deloitte Haskins & Sells LLP Materiality is the magnitude of misstatements in the Interim Condensed Consolidated Financial Statements that, individually or in aggregate, makes it probable that the economic decisions of reasonably knowledgeable of the Interim Condensed Consolidated Financial user Statements may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Interim Condensed Consolidated Financial Statements_ We communicate with those charged with governance of the Company and such other entities included in the Interim Condensed Consolidated Financial Statements of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings including any significant deficiencies in internal financial controls that we identify during our audit We also provide those charged with governance with a statement that we have complied with relevant  ethical requirements regarding independence, and to communicate with them all", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 84, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aafa4b8e22b48f27"}, {"chunk_id": "395bae7420ba6bf0", "content": "We also provide those charged with governance with a statement that we have complied with relevant  ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm's Registration No. 117366W/W-100018) ti' Vikas Bagaria Partner (Membership No.060408) UDIN: Place: Bengaluru Date: October16, 2025 INFOSYS LIMITED AND SUBSIDIARIES", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 84, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aafa4b8e22b48f27"}, {"chunk_id": "83f6c4d768cb99aa", "content": "for the three months and six months ended September 30, 2025 Condensed Consolidated Balance Sheet……………………………………………………………………………….. 1 Condensed Consolidated Statement of Comprehensive Income……………………………………………………….. 2 Condensed Consolidated Statement of Changes in Equity ……………………………………..…………………………………….. 3 Condensed Consolidated Statement of Cash Flows………………………………………………………………………. 5 Overview and Notes to the Interim Condensed Consolidated Financial Statements 1. Overview 1.1 Company overview …………………………………………………….……………………………………………………. 7 1.2 Basis of preparation of financial statements …………………………………………………….…………………………………… 7 1.3 Basis of consolidation……………………………………………………………………………… 7 1.4 Use of estimates and judgments…………………………………………………………………. 7 1.5 Critical accounting estimates and judgements……………………………………………………………………… 7 1.6 Recent accounting pronouncements…………………………………………………………….. 8 2. Notes to the Interim Condensed Consolidated Financial Statements 2.1 Cash and cash equivalents ……………………………………………………………………….. 9 2.2 Investments…………………………………………………………………………………………. 9 2.3 Financial instruments………………………………………………………………………………. 11 2.4 Prepayments and other assets………………………………………………………………………. 15 2.5 Other liabilities……………………………………………………………………………………….. 16 2.6 Provisions and other contingencies…………………………………………………………………………………………… 17 2.7 Property, plant and equipment……………………………………………………………………….. 19", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 86, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ba74a1c458f0a075"}, {"chunk_id": "3df889d500e8db7d", "content": "2.5 Other liabilities……………………………………………………………………………………….. 16 2.6 Provisions and other contingencies…………………………………………………………………………………………… 17 2.7 Property, plant and equipment……………………………………………………………………….. 19 2.8 Leases……………………..……………………………………………………………………….. 21 2.9 Goodwill and Intangible Assets...……………………………………………………………..... 23 2.10 Business combinations ………………………………...………………………………………. 24 2.11 Employees' Stock Option Plans (ESOP)………………………………………………………………………… 25 2.12 Income Taxes……………………………………………………………………………………. 27 2.13 Earnings per equity share……………………………………………………………………………………. 28 2.14 Related party transactions……………………………………………………………………………………………….. 28 2.15 Segment reporting…………………………………………………………………………………………29 2.16 Revenue from Operations…………………………………………………………………………………..31 2.17 Unbilled Revenue……………………………………………………………………………….. 32 2.18 Equity…………………….………………………………………………………………………… 33 2.19 Break-up of expenses and other income, net………………...……………………………...... 35 (In ₹ crore except equity share data) Note September 30, 2025 March 31, 2025 ASSETS Current assets Cash and cash equivalents 2.1 31,832                      24,455 Current investments 2.2 12,606                      12,482 Trade receivables 33,968                      31,158 Unbilled revenue 2.17 14,313                      12,851 Prepayments and other current assets 2.4 12,986                      12,986 Income tax assets 2.12 26                        2,975 Derivative financial instruments 2.3", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 86, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ba74a1c458f0a075"}, {"chunk_id": "eb9f7496374f4299", "content": "2.17 14,313                      12,851 Prepayments and other current assets 2.4 12,986                      12,986 Income tax assets 2.12 26                        2,975 Derivative financial instruments 2.3 36                           192 Total current assets 105,767                      97,099 Non-current assets Property, plant and equipment 2.7 12,892                      12,800 Right-of-use assets 2.8 6,390                        6,311 Goodwill 2.9 11,502                      10,106 Intangible assets 3,168                        2,766 Non-current investments 2.2 10,879                      11,059 Unbilled revenue 2.17 2,308                        2,232 Deferred income tax assets 2.12 1,526                        1,108 Income tax assets 2.12 2,006                        1,622 Other non-current assets 2.4 3,942                        3,800 Total non-current assets 54,613                      51,804 Total assets 160,380                    148,903 Condensed Consolidated Balance Sheet as at LIABILITIES AND EQUITY Current liabilities Trade payables 3,839                        4,164 Lease liabilities 2.8 2,772                        2,455 Derivative financial instruments 2.3 498                             63 Current income tax liabilities 2.12 5,593                        4,853 Unearned revenue 9,022                        8,492 Employee benefit obligations 3,335                        2,908 Provisions 2.6 1,632                        1,475 Other current liabilities 2.5 19,707                      18,440", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 86, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ba74a1c458f0a075"}, {"chunk_id": "082969e615a35273", "content": "9,022                        8,492 Employee benefit obligations 3,335                        2,908 Provisions 2.6 1,632                        1,475 Other current liabilities 2.5 19,707                      18,440 Total current liabilities 46,398                      42,850 Non-current liabilities Lease liabilities 2.8 5,983                        5,772 Deferred income tax liabilities 2.12 1,688                        1,722 Employee benefit obligations 107                             99 Other non-current liabilities 2.5 2,460                        2,257 Total non-current liabilities 10,238                        9,850 Total liabilities 56,636                      52,700 Equity Share capital - ₹5 par value 4,800,000,000 (4,800,000,000) equity shares authorized, issued and outstanding 4,145,309,946 (4,143,607,528) equity shares fully paid up, net of 9,091,403 (9,655,927) treasury shares as at September 30, 2025 (March 31, 2025) 2.18 2,074                        2,073 Share premium 2,586                        2,180 Retained earnings 87,944                      80,096 Cash flow hedge reserves (12)                           (18) Other reserves 5,675                        8,298 Capital redemption reserve 169                           169 Other components of equity 4,894                        3,020 Total equity attributable to equity holders of the Company 103,330                      95,818 Non-controlling interests 414                           385 Total equity 103,744                      96,203", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 86, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ba74a1c458f0a075"}, {"chunk_id": "8d86a99e01897962", "content": "Total equity attributable to equity holders of the Company 103,330                      95,818 Non-controlling interests 414                           385 Total equity 103,744                      96,203 Total liabilities and equity 160,380                    148,903 The accompanying notes form an integral part of the interim condensed consolidated financial statements. As per our report of even date attached for Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited Chartered Accountants Firm’s Registration No: 117366W/ W-100018 Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director Membership No. 060408 and Managing Director Bengaluru Jayesh Sanghrajka A.G.S. Manikantha October 16, 2025 Chief Financial Officer Company Secretary Infosys Limited and subsidiaries (In ₹ crore except equity share and per equity share data)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 86, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ba74a1c458f0a075"}, {"chunk_id": "e22231903c69a49c", "content": "2025 2024 2025 2024 Revenues 2.16 44,490                        40,986                   86,769                   80,300 Cost of sales 2.19 30,800                        28,474                   60,025                   55,651 Gross profit 13,690                        12,512                   26,744                   24,649 Operating expenses Note Condensed Consolidated Statement of Comprehensive Income for the Three months ended September 30, Six months ended September 30, Selling and marketing expenses 2.19 2,224                          1,855                     4,431                     3,792 Administrative expenses 2.19 2,113                          2,008                     4,156                     3,920 Total operating expenses 4,337                          3,863                     8,587                     7,712 Operating profit 9,353                          8,649                   18,157                   16,937 Other income, net 2.19 982                             712                     2,024                     1,551 Finance cost 106                             108                        211                        214 Profit before income taxes 10,229                          9,253                   19,970                   18,274 Income tax expense 2.12 2,854                          2,737                     5,670                     5,384 Net profit", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 87, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1a33adbc23bc6eac"}, {"chunk_id": "35115a7948f035a2", "content": "10,229                          9,253                   19,970                   18,274 Income tax expense 2.12 2,854                          2,737                     5,670                     5,384 Net profit 7,375                          6,516                   14,300                   12,890 Other comprehensive income Items that will not be reclassified subsequently to profit or loss Remeasurement of the net defined benefit liability/asset, net Equity instruments through other comprehensive income, net (38)                               78                      (108) 98 2.2 (8)                                (9)                          27 5 (46)                               69                        (81) 103 Items that will be reclassified subsequently to profit or loss Fair value changes on derivatives designated as cash flow hedge, net Exchange differences on translation of foreign operations Fair value changes on investments, net -                                (21)                            6                        (24) 862                             560                     1,881                        456 2.2 (34)                               86                          89                        126 828                             625                     1,976                        558 Total other comprehensive income/(loss), net of tax", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 87, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1a33adbc23bc6eac"}, {"chunk_id": "15abbfc4769234d1", "content": "828                             625                     1,976                        558 Total other comprehensive income/(loss), net of tax 782                             694                     1,895                        661 Total comprehensive income 8,157                          7,210                   16,195                   13,551 Profit attributable to: Owners of the Company 7,364                          6,506                   14,285                   12,874 Non-controlling interests 11                               10                          15                          16 7,375                          6,516                   14,300                   12,890 Total comprehensive income attributable to: Owners of the Company 8,140                          7,190                   16,165                   13,527 Non-controlling interests 17                               20                          30                          24 8,157                          7,210                   16,195                   13,551 Earnings per equity share Equity shares of par value ₹5/- each Basic (₹) 17.76                          15.71                     34.47                     31.09 Diluted (₹) 17.74                          15.68                     34.41                     31.02 Weighted average equity shares used in computing earnings per equity share Basic (in shares) 2.13", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 87, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1a33adbc23bc6eac"}, {"chunk_id": "1381f19c4744fef0", "content": "Diluted (₹) 17.74                          15.68                     34.41                     31.02 Weighted average equity shares used in computing earnings per equity share Basic (in shares) 2.13 4,145,208,267            4,141,806,535       4,144,593,296       4,141,043,772 Diluted (in shares) 2.13 4,151,315,578            4,150,537,764       4,151,441,800       4,150,210,087 The accompanying notes form an integral part of the interim condensed consolidated financial statements. As per our report of even date attached for Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited Chartered Accountants Firm’s Registration No: 117366W/ W-100018 Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director Membership No. 060408 and Managing Director Bengaluru Jayesh Sanghrajka A.G.S. Manikantha October 16, 2025 Chief Financial Officer Company Secretary Infosys Limited and subsidiaries Condensed Consolidated Statement of Changes in Equity Number of Total equity attributable to equity (In ₹ crore except equity share data) Balance as at April 1, 2024 4,139,950,635         2,071          1,550       69,674         12,104                 169                2,542                  6                          88,116                 345             88,461 Changes in equity for six months ended September 30, 2024 Net profit -                 -                  -         12,874", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 87, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1a33adbc23bc6eac"}, {"chunk_id": "2ae4097df880fd8c", "content": "Changes in equity for six months ended September 30, 2024 Net profit -                 -                  -         12,874 -                      -                        -                   -                            12,874                   16             12,890 Remeasurement of the net defined benefit liability/asset, net* Equity instruments through other comprehensive income, net* -                 -                  -                 -                   -                      -                       98 -                                   98 -                      98 -                 -                  -                 -                   -                      -                         5 -                                     5 -                        5 Fair value changes on derivatives designated as Cash flow hedge, net* Exchange differences on translation of foreign operations -                 -                  -                 -                   -                      -                        -                 (24)                                (24) -                     (24) -                 -                  -                 -                   -                      -                     448 -                                 448                     8                  456 Fair value changes on investments, net* Total comprehensive income for the period", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 87, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1a33adbc23bc6eac"}, {"chunk_id": "185989cf6529fb7b", "content": "-                 -                  -         12,874 -                      -                     677               (24)                          13,527                   24             13,551 -                 -                  -                 -                   -                      -                     126 -                                 126 -                    126 Employee stock compensation expense (Refer to note 2.11) Shares issued on exercise of employee stock options (Refer to note 2.11) 1,958,921                 1                 2 -                   -                      -                        -                   -                                     3 -                        3 -                 -               408 -                   -                      -                        -                   -                                 408 -                    408 Income tax benefit arising on exercise of stock options (Refer to note 2.12) Transfer on account of options not exercised -                 -                   6 -                   -                      -                        -                   -                                     6 -                        6 -                 -              (18)               18 -                      -                        -                   -                                    -                     -                       -", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 88, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ac304fb68510465b"}, {"chunk_id": "fa12a8b14115db80", "content": "-                      -                        -                   -                                    -                     -                       - -                 -                  -           2,998         (2,998) -                        -                   -                                    -                     -                       - Dividends paid to non controlling interest of subsidiary -                 -                  -                 -                   -                      -                        -                   -                                    -                    (2)                     (2) -                 -                  -              233            (233) -                        -                   -                                    -                     -                       - Transferred from other reserves to retained earnings Transferred from other reserves on utilization -                 -                  -        (11,597) -                      -                        -                   -                         (11,597) -            (11,597) Balance as at September 30, 2024 4,141,909,556         2,072          1,948       74,200           8,873                 169                3,219               (18)                          90,463                 367             90,830 Infosys Limited and subsidiaries", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 88, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ac304fb68510465b"}, {"chunk_id": "cd2511ff8049aebb", "content": "Infosys Limited and subsidiaries Condensed Consolidated Statement of Changes in Equity Number of Total equity attributable to equity (In ₹ crore except equity share data) Balance as at April 1, 2025 4,143,607,528         2,073          2,180       80,096           8,298                 169                3,020               (18)                          95,818                 385             96,203 Changes in equity for six months ended September 30, 2025 Net profit -                 -                  -         14,285 -                      -                        -                   -                            14,285                   15             14,300 Remeasurement of the net defined benefit liability/asset, net* Equity instruments through other comprehensive income, net* -                 -                  -                 -                   -                      -                    (108) -                                (108) -                   (108) -                 -                  -                 -                   -                      -                       27 -                                   27 -                      27 Exchange differences on translation of foreign operations Fair value changes on derivatives designated as cash flow hedge, net*", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 88, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ac304fb68510465b"}, {"chunk_id": "ee963223a92afdfd", "content": "-                                   27 -                      27 Exchange differences on translation of foreign operations Fair value changes on derivatives designated as cash flow hedge, net* -                 -                  -                 -                   -                      -                        -                    6                                   6 -                        6 -                 -                  -                 -                   -                      -                  1,866 -                              1,866                   15               1,881 Total comprehensive income for the period Fair value changes on investments, net* -                 -                  -         14,285 -                      -                  1,874                  6                          16,165                   30             16,195 -                 -                  -                 -                   -                      -                       89 -                                   89 -                      89 Employee stock compensation expense (Refer to note 2.11) Shares issued on exercise of employee stock options (Refer to note 2.11) 1,702,418                 1 -                 -                   -                      -                        -                   -                                     1 -                        1 -                 -               463", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 88, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ac304fb68510465b"}, {"chunk_id": "19d42859adcbe92c", "content": "-                        1 -                 -               463 -                   -                      -                        -                   -                                 463 -                    463 -                 -                   5 -                   -                      -                        -                   -                                     5 -                        5 -                 -              (62)               62 -                      -                        -                   -                                    -                     -                       - Income tax benefit arising on exercise of stock options (Refer to note 2.12) Transferred on account of options not exercised Financial liability under option arrangements Changes in the controlling stake of a subsidiary -                 -                  -              (10) -                      -                        -                   -                                  (10) -                     (10)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 88, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ac304fb68510465b"}, {"chunk_id": "caf869daeb422291", "content": "-                 -                  -                   7 -                      -                        -                   -                                     7                     2                      9 -                 -                  -              408            (408) -                        -                   -                                    -                     -                       - Transferred from other reserves on utilization Transferred from other reserves to retained earnings -                 -                  -           2,215         (2,215) -                        -                   -                                    -                     -                       - Dividends paid to non controlling interest of subsidiary -                 -                  -                 -                   -                      -                        -                   -                                    -                    (3)                     (3) -                 -                  -          (9,119) -                      -                        -                   -                             (9,119) -              (9,119) Balance as at September 30, 2025 4,145,309,946         2,074          2,586       87,944           5,675                 169                4,894               (12)                        103,330                 414           103,744", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 89, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "78429fe4e218b449"}, {"chunk_id": "c0dca4c8ae9abb4c", "content": "4,145,309,946         2,074          2,586       87,944           5,675                 169                4,894               (12)                        103,330                 414           103,744 * net of tax # net of treasury shares (1) excludes treasury shares of 9,091,403 as at September 30, 2025, 9,655,927 as at April 1, 2025, 10,237,261 as at September 30, 2024 and 10,916,829 as at April 1, 2024 held by consolidated trust. (2) Represents the Special Economic Zone Re-investment reserve created out of the profit of the eligible SEZ unit in terms of the provisions of Sec 10AA(1)(ii) of Income Tax Act,1961. The reserve should be utilized by the Group for acquiring new plant and machinery for the purpose of its business in terms of the provisions of the Sec 10AA(2) of the Income Tax Act, 1961. The accompanying notes form an integral part of the interim condensed consolidated financial statements. As per our report of even date attached for and on behalf of the Board of Directors of Infosys Limited Chartered Accountants Firm’s Registration No: 117366W/ W-100018 for Deloitte Haskins & Sells LLP Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director Membership No. 060408 and Managing Director Bengaluru Jayesh Sanghrajka A.G.S. Manikantha October 16, 2025 Chief Financial Officer Company Secretary Infosys Limited and subsidiaries Condensed Consolidated Statement of Cash Flows", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 89, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "78429fe4e218b449"}, {"chunk_id": "c1ada9c7e3020df0", "content": "Membership No. 060408 and Managing Director Bengaluru Jayesh Sanghrajka A.G.S. Manikantha October 16, 2025 Chief Financial Officer Company Secretary Infosys Limited and subsidiaries Condensed Consolidated Statement of Cash Flows Cash flows are reported using the indirect method, whereby profit for the period is adjusted for the effects of transactions of a non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments and item of income or expenses associated with investing or financing cash flows. The cash flows from operating, investing and financing activities of the Group are segregated. The Group considers all highly liquid investments that are readily convertible to known amounts of cash to be cash equivalents. 2025 2024 Operating activities Net Profit 14,300                           12,890 Adjustments to reconcile net profit to net cash provided by operating activities Depreciation and amortization 2,323                             2,310 Income tax expense 2.12                          5,670                             5,384 Finance cost 211                                214 Interest and dividend income (616)                               (608) Exchange differences on translation of assets and liabilities, net 573                               (298) Impairment loss recognized/(reversed) under expected credit loss model 34                                  95 Stock compensation expense 471                                420", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 89, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "78429fe4e218b449"}, {"chunk_id": "cde690a314a39882", "content": "573                               (298) Impairment loss recognized/(reversed) under expected credit loss model 34                                  95 Stock compensation expense 471                                420 Provision for post sale client support (97) 26 Other adjustments 658                                876 Changes in working capital Trade receivables and unbilled revenue (4,390)                            (2,735) Prepayments and other assets (67)                               (207) Trade payables (451)                               (147) Unearned revenue 515                               (138) Other liabilities and provisions 2,424                             1,216 Cash generated from operations 21,558                           19,298 Income taxes (paid) / received (2,996)                            (2,165) Net cash generated by operating activities 18,562                           17,133 Investing activities Expenditure on property, plant and equipment and intangibles (1,352)                               (968) Deposits placed with corporation (683)                               (579) Redemption of deposits placed with corporation 392                                357 Interest and dividend received 562                                542 Payment for acquisition of business, net of cash acquired 2.10                            (637)                            (3,155) Payment of contingent consideration pertaining to acquisition of business (13) - Other receipts", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 89, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "78429fe4e218b449"}, {"chunk_id": "b2c53dfc4561c4b1", "content": "2.10                            (637)                            (3,155) Payment of contingent consideration pertaining to acquisition of business (13) - Other receipts 14                                     5 Six months ended September 30, Payments to acquire Investments - Quoted debt securities (3,191)                            (1,053) - Liquid mutual fund units (36,091)                          (33,517) - Certificates of deposit (7,149)                            (1,885) - Commercial paper (2,686)                            (2,227) - Other investments (22)                                 (17) Proceeds on sale of investments - Quoted debt securities 6,174                             1,230 - Liquid mutual fund units 32,967                           34,012 - Certificates of deposit 5,857                             3,970 - Commercial paper 4,675                             7,135 Net cash generated from investing activities (1,183)                             3,850", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 89, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "78429fe4e218b449"}, {"chunk_id": "29cae97800e652b9", "content": "Financing activities Payment of lease liabilities (1,382)                            (1,190) Payment of dividends (9,122)                          (11,592) Other payments (181)                               (265) Loan repayment of in-tech Holding GmbH -                                 (985) Payment of dividends to non-controlling interests of subsidiary (3)                                   (2) Shares issued on exercise of employee stock options 1                                     3 Net cash used in financing activities (10,687)                          (14,031) Net increase/(decrease) in cash and cash equivalents 6,692                             6,952 Effect of exchange rate changes on cash and cash equivalents 685                                  61 Cash and cash equivalents at the beginning of the period 2.1                        24,455 14,786 Cash and cash equivalents at the end of the period 2.1                        31,832 21,799 Supplementary information: Restricted cash balance 2.1                             410                                407 The accompanying notes form an integral part of the interim condensed consolidated financial statements. As per our report of even date attached for Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited Chartered Accountants Firm’s Registration No: 117366W/ W-100018 Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director Membership No. 060408", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 91, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a21914643ecd6bb1"}, {"chunk_id": "cf9d80bf2b833ba6", "content": "Chartered Accountants Firm’s Registration No: 117366W/ W-100018 Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director Membership No. 060408 and Managing Director Bengaluru Jayesh Sanghrajka A.G.S. Manikantha October 16, 2025 Chief Financial Officer Company Secretary INFOSYS LIMITED AND SUBSIDIARIES Overview and Notes to the Interim condensed Consolidated Financial Statements Infosys Limited ('the Company' or Infosys) provides consulting, technology, outsourcing and next-generation digital services, to enable clients to execute strategies for their digital transformation. Infosys strategic objective is to build a sustainable organization that remains relevant to the agenda of clients, while creating growth opportunities for employees and generating profitable returns for investors. Infosys strategy is to be a navigator for our clients as they ideate, plan and execute on their journey to a digital future. Infosys together with its subsidiaries and controlled trusts is herein after referred to as the \"Group\". The Company is a public limited company incorporated and domiciled in India and has its registered office at Electronics City, Hosur Road, Bengaluru -560100, Karnataka, India. The Company has its primary listings on the BSE Ltd. and National Stock Exchange of India Limited. The Company’s American Depositary Shares (ADS) representing equity shares are listed on the New York Stock Exchange (NYSE).", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 91, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a21914643ecd6bb1"}, {"chunk_id": "f87fbdc16d8d82ed", "content": "The Company’s American Depositary Shares (ADS) representing equity shares are listed on the New York Stock Exchange (NYSE). The Group's interim condensed consolidated financial statements are approved for issue by the Company's Board of Directors on October 16, 2025. 1.2 Basis of preparation of financial statements The interim condensed consolidated financial statements have been prepared in compliance with IAS 34, Interim Financial Reporting as issued by International Accounting Standards Board, under the historical cost convention on the accrual basis except for certain financial instruments which are measured at fair values and defined benefit liability/(asset) which is recognized at the present value of defined benefit obligation less fair value of plan assets. Accordingly, these interim condensed consolidated financial statements do not include all the information required for a complete set of financial statements. These interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes included in the company’s Annual Report on Form 20-F for the year ended March 31, 2025. Accounting policies have been consistently applied except where a newly issued accounting standard is initially adopted or a revision to an existing accounting standard requires a change in the accounting policy hitherto in use.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 91, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a21914643ecd6bb1"}, {"chunk_id": "169d26aca5ba4eac", "content": "standard is initially adopted or a revision to an existing accounting standard requires a change in the accounting policy hitherto in use. The material accounting policy information used in preparation of the audited interim condensed consolidated financial statements have been discussed in the respective notes. As the quarter and year to date figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures reported for the previous quarters might not always add up to the year to date figures reported in this statement. 1.3 Basis of consolidation Infosys consolidates entities which it owns or controls. The interim condensed consolidated financial statements comprise the financial statements of the Company, its controlled trusts and its subsidiaries. Control exists when the parent has power over the entity, is exposed, or has rights to variable returns from its involvement with the entity and has the ability to affect those returns by using its power over the entity. Power is demonstrated through existing rights that give the ability to direct relevant activities, those which significantly affect the entity's returns. Subsidiaries are consolidated from the date control commences until the date control ceases.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 91, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a21914643ecd6bb1"}, {"chunk_id": "5e749d284e3395cd", "content": "Subsidiaries are consolidated from the date control commences until the date control ceases. The financial statements of the Group Companies are consolidated on a line-by-line basis and intra-group balances and transactions including unrealized gain / loss from such transactions are eliminated upon consolidation. These financial statements are prepared by applying uniform accounting policies in use at the Group. Non-controlling interests which represent part of the net profit or loss and net assets of subsidiaries that are not, directly or indirectly, owned or controlled by the Company, are excluded. 1.4 Use of estimates and judgments The preparation of the interim condensed consolidated financial statements in conformity with IFRS requires management to make estimates, judgments and assumptions. These estimates, judgments and assumptions affect the application of accounting policies and the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the interim condensed consolidated financial statements and reported amounts of revenues and expenses during the period. Application of accounting policies that require critical accounting estimates involving complex and subjective judgments and the use of assumptions in these financial statements have been disclosed in Note 1.5. Accounting estimates could change from period to period.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 91, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a21914643ecd6bb1"}, {"chunk_id": "fecc5557e4bea947", "content": "estimates involving complex and subjective judgments and the use of assumptions in these financial statements have been disclosed in Note 1.5. Accounting estimates could change from period to period. Actual results could differ from those estimates. Appropriate changes in estimates are made as management becomes aware of changes in circumstances surrounding the estimates. Changes in estimates and judgments are reflected in the financial statements in the period in which changes are made and, if material, their effects are disclosed in the notes to the interim condensed consolidated financial statements. 1.5 Critical accounting estimates and judgments", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 91, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a21914643ecd6bb1"}, {"chunk_id": "9399b391ba2bff43", "content": "a. Revenue recognition The Group’s contracts with customers include promises to transfer multiple products and services to a customer. Revenues from customer contracts are considered for recognition and measurement when the contract has been approved, in writing, by the parties to the contract, the parties to the contract are committed to perform their respective obligations under the contract, and the contract is legally enforceable. The Group assesses the services promised in a contract and identifies distinct performance obligations in the contract. Identification of distinct performance obligations to determine the deliverables and the ability of the customer to benefit independently from such deliverables, and allocation of transaction price to these distinct performance obligations involves significant judgement. Fixed price maintenance revenue is recognized ratably on a straight-line basis when services are performed through an indefinite number of repetitive acts over a specified period. Revenue from a fixed price maintenance contract is recognized ratably using a percentage of completion method when the pattern of benefits from the services rendered to the customer and the Group’s costs to fulfil the contract is not even through the period of the contract because the services are generally discrete in nature and not repetitive. The use of method to recognize the", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 92, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4884269dcb0ecb4a"}, {"chunk_id": "d01cfb9362099bbc", "content": "Group’s costs to fulfil the contract is not even through the period of the contract because the services are generally discrete in nature and not repetitive. The use of method to recognize the maintenance revenues requires judgment and is based on the promises in the contract and nature of the deliverables. The Group uses the percentage-of-completion method in accounting for other fixed-price contracts. Use of the percentage-of-completion method requires the Group to determine the actual efforts or costs expended to date as a proportion of the estimated total efforts or costs to be incurred. Efforts or costs expended have been used to measure progress towards completion as there is a direct relationship between input and productivity. The estimation of total efforts or costs involves significant judgement and is assessed throughout the period of the contract to reflect any changes based on the latest available information. Contracts with customers includes subcontractor services or third-party vendor equipment or software in certain integrated services arrangements. In these types of arrangements, revenue from sales of third-party vendor products or services is recorded net of costs when the Group is acting as an agent between the customer and the vendor, and gross when the Group is the principal for the transaction.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 92, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4884269dcb0ecb4a"}, {"chunk_id": "60d48d1055c055f0", "content": "principal for the transaction. In doing so, the Group first evaluates whether it obtains control of the specified goods or services before they are transferred to the customer. The Group considers whether it is primarily responsible for fulfilling the promise to provide the specified goods or services, inventory risk, pricing discretion and other factors to determine whether it controls the specified goods or services and therefore, is acting as a principal or an agent. Provisions for estimated losses, if any, on incomplete contracts are recorded in the period in which such losses become probable based on the estimated efforts or costs to complete the contract. The Group's two major tax jurisdictions are India and the United States, though the Company also files tax returns in other overseas jurisdictions. Significant judgments are involved in determining the provision for income taxes, including amount expected to be paid/recovered for uncertain tax positions. In assessing the realizability of deferred income tax assets, the Management considers whether some portion or all of the deferred income tax assets will not be realized. The ultimate realization of deferred income tax assets is dependent upon the generation of future taxable income during the periods in which the temporary differences become deductible. Management", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 92, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4884269dcb0ecb4a"}, {"chunk_id": "f64a9174c4808057", "content": "The ultimate realization of deferred income tax assets is dependent upon the generation of future taxable income during the periods in which the temporary differences become deductible. Management considers the scheduled reversals of deferred income tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based on the level of historical taxable income and projections for future taxable income over the periods in which the deferred income tax assets are deductible, the Management believes that the group will realize the benefits of those deductible differences. The amount of the deferred income tax assets considered realizable, however, could be reduced in the near term if estimates of future taxable income during the carry forward period are reduced. (Refer to Note 2.12) c. Business combinations and intangible assets Business combinations are accounted for using IFRS 3 (Revised), Business Combinations. IFRS 3 requires us to fair value identifiable intangible assets and contingent consideration to ascertain the net fair value of identifiable assets, liabilities and contingent liabilities of the acquiree. These valuations are conducted by external valuation experts. Estimates are required to be made in determining the value of contingent consideration, value of option arrangements and intangible assets.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 92, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4884269dcb0ecb4a"}, {"chunk_id": "2afb7d2e9b526d6b", "content": "These valuations are conducted by external valuation experts. Estimates are required to be made in determining the value of contingent consideration, value of option arrangements and intangible assets. These measurements are based on information available at the acquisition date and are based on expectations and assumptions that have been deemed reasonable by Management. (Refer to Note 2.10 and 2.9.2). d. Property, plant and equipment Property, plant and equipment represent a significant proportion of the asset base of the Group. The charge in respect of periodic depreciation is derived after determining an estimate of an asset’s expected useful life and the expected residual value at the end of its life. The useful lives and residual values of Group's assets are determined by Management at the time the asset is acquired and reviewed periodically, including at each financial year end. The lives are based on historical experience with similar assets as well as anticipation of future events, which may impact their life, such as changes in technology. (Refer to Note 2.7). e. Impairment of Goodwill Goodwill is tested for impairment on an annual basis and whenever there is an indication that the recoverable amount of a cash generating unit (CGUs) is less than its carrying amount. For the", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 92, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4884269dcb0ecb4a"}, {"chunk_id": "2a9a6b976cddc8c1", "content": "Goodwill is tested for impairment on an annual basis and whenever there is an indication that the recoverable amount of a cash generating unit (CGUs) is less than its carrying amount. For the impairment test, goodwill is allocated to the CGU or groups of CGUs which benefit from the synergies of the acquisition and which represent the lowest level at which goodwill is monitored for internal management purposes. The recoverable amount of CGUs is determined based on higher of value-in-use and fair value less cost to sell. Key assumptions in the cash flow projections are prepared based on current economic conditions and comprises estimated long term growth rates, weighted average cost of capital and estimated operating margins. (Refer to note 2.9.1) 1.6 Recent accounting pronouncements New and revised IFRS Standards in issue but not yet effective: IFRS 18 Presentation and Disclosures in Financial Statements                                                                   Presentation and Disclosures in Financial Statements Amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures                   Amendments to the Classification and Measurement of Financial Instruments", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 92, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4884269dcb0ecb4a"}, {"chunk_id": "cd5edf787c399434", "content": "Amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures                   Contracts Referencing Nature-dependent Electricity IFRS 18 – Presentation and Disclosures in Financial Statements On April 9, 2024, IASB has issued IFRS 18 – Presentation and Disclosures in Financial Statements that will replace IAS 1 Presentation of Financial Statements from its effective date. IFRS 18 introduces new requirements for information presented in the primary financial statements and disclosed in the notes. The new requirements are focused on the statement of profit or loss. IFRS 18 introduces three categories for income and expenses, that is, operating, investing and financing to improve the structure of the income statement. IFRS 18 is effective for annual reporting periods beginning on or after January 1, 2027, although early adoption is permitted. The Group is yet to evaluate the impact of the amendment. Amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures On May 30, 2024, IASB has issued amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures, which clarifies the classification of financial assets with environmental, social and corporate governance (ESG) and similar features, derecognition of financial liability settled through electronic payment systems and also introduces additional", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 94, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c2fd0f49687bd756"}, {"chunk_id": "eebd36be5ead05ce", "content": "environmental, social and corporate governance (ESG) and similar features, derecognition of financial liability settled through electronic payment systems and also introduces additional disclosure requirements to enhance transparency for investors regarding investments in equity instruments designated at fair value through other comprehensive income and financial instruments with contingent features. The effective date for adoption of this amendment is annual reporting periods beginning on or after January 1, 2026, although early adoption is permitted. The Group is yet to evaluate the impact of the amendment. On December 18, 2024, IASB has issued amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures, relating to factors an entity is required to consider in assessing the own-use requirements for contracts to buy and take delivery of nature-dependent renewable electricity; hedge accounting treatment for nature-dependent renewable electricity and related disclosures. The effective date for adoption of these amendments is annual reporting periods beginning on or after January 1, 2026, although early adoption is permitted. The Group has evaluated the amendment and there is no impact on its consolidated financial statements. 2. Notes to the Interim Condensed Consolidated Financial Statements 2.1 Cash and cash equivalents Cash and cash equivalents consist of the following:", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 94, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c2fd0f49687bd756"}, {"chunk_id": "2a14585506af4e39", "content": "2. Notes to the Interim Condensed Consolidated Financial Statements 2.1 Cash and cash equivalents Cash and cash equivalents consist of the following: September 30, 2025 March 31, 2025 Cash and bank deposits 31,832                     24,455 Total Cash and cash equivalents 31,832                     24,455 Cash and cash equivalents as at September 30, 2025 and March 31, 2025 include restricted cash and bank balances of ₹410 crore and ₹424 crore, respectively. The restrictions are primarily on account of bank balances held by irrevocable trusts controlled by the Company. The deposits maintained by the Group with banks and financial institutions comprise of time deposits, which can be withdrawn by the Group at any point without prior notice or penalty on the principal. The carrying value of the investments are as follows: (In ₹ crore) Particulars September 30, 2025 March 31, 2025 (i) Current Investments Amortized Cost Quoted debt securities 65                          169 Fair Value through other comprehensive income Quoted debt securities 721                       3,211 Commercial papers 1,734                       3,641 Certificate of deposit 4,894                       3,504 Fair Value through profit or loss Liquid mutual fund units 5,192                       1,957 Total current investments 12,606                     12,482 (ii) Non-current Investments Amortized Cost Quoted debt securities 432                       1,481 Fair Value through other comprehensive income", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 94, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c2fd0f49687bd756"}, {"chunk_id": "8341266a23765d7f", "content": "Total current investments 12,606                     12,482 (ii) Non-current Investments Amortized Cost Quoted debt securities 432                       1,481 Fair Value through other comprehensive income Quoted debt securities 9,456                       8,666 Quoted equity securities 83                            57 Unquoted equity and preference securities 174                          169 Fair Value through profit or loss Target maturity fund units 483                          465 Unquoted equity and preference securities 25                            25 Others(1) 226                          196 Total non-current investments 10,879                     11,059 Total investments 23,485                     23,541 Investments carried at amortized cost 497                       1,650 Investments carried at fair value through other comprehensive income 17,062                     19,248 Investments carried at fair value through profit or loss 5,926                       2,643 (1)  Uncalled capital commitments outstanding as at September 30, 2025 and March 31, 2025 was ₹107 crore and ₹122 crore, respectively. Refer to note 2.3 for accounting policies on financial instruments. Method of fair valuation: (In ₹ crore) Class of Investment Method September 30, 2025 March 31, 2025 Liquid mutual fund units - carried at fair value through profit or loss 5,192 1,957 Target maturity fund units - carried at fair value through profit or loss 483 465", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 94, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c2fd0f49687bd756"}, {"chunk_id": "ea1396429bc9356f", "content": "Class of Investment Method September 30, 2025 March 31, 2025 Liquid mutual fund units - carried at fair value through profit or loss 5,192 1,957 Target maturity fund units - carried at fair value through profit or loss 483 465 Quoted debt securities - carried at amortized cost 507 1,812 Quoted price and market observable inputs Quoted debt securities - carried at fair value through other comprehensive income 10,177 11,877 Quoted price and market observable inputs Commercial papers - carried at fair value through other comprehensive income 1,734 3,641 Market observable inputs Certificates of deposit - carried at fair value through other comprehensive income 4,894 3,504 Market observable inputs Quoted equity securities - carried at fair value through other comprehensive income Quoted price 83 57 Unquoted equity and preference securities - carried at fair value through profit or loss 25 25 Discounted cash flows method, Market multiples method, option pricing model Unquoted equity and preference securities - carried at fair value through other comprehensive income 174 169 Discounted cash flows method, Market multiples method, option pricing model Others - carried at fair value through profit or loss 226 196 Discounted cash flows method, Market multiples method, option pricing model Total 23,495 23,703", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 94, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c2fd0f49687bd756"}, {"chunk_id": "eef4a913b5f1a14b", "content": "Note: Certain quoted investments are classified as Level 2 in the absence of active market for such investments. 2.3 Financial instruments 2.3.1 Initial recognition The Group recognizes financial assets and financial liabilities when it becomes a party to the contractual provisions of the instrument. All financial assets and liabilities are recognized at fair value on initial recognition, except for trade receivables which are initially measured at transaction price. Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities which are not at fair value through profit or loss, are added to the fair value on initial recognition. Regular way purchase and sale of financial assets are accounted for at trade date. 2.3.2 Subsequent measurement a. Non-derivative financial instruments (i) Financial assets carried at amortized cost A financial asset is subsequently measured at amortized cost if it is held within a business model whose objective is to hold the asset in order to collect contractual cash flows and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. (ii) Financial assets carried at fair value through other comprehensive income (FVOCI)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 96, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "19f73f4e55bc0f10"}, {"chunk_id": "48fde5ce90228bd2", "content": "(ii) Financial assets carried at fair value through other comprehensive income (FVOCI) A financial asset is subsequently measured at fair value through other comprehensive income if it is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. The Group has made an irrevocable election for certain investments which are classified as equity instruments to present the subsequent changes in fair value in other comprehensive income based on its business model. (iii) Financial assets carried at fair value through profit or loss (FVTPL) A financial asset which is not classified in any of the above categories is subsequently fair valued through profit or loss. (iv) Financial liabilities Financial liabilities are subsequently carried at amortized cost using the effective interest method, except for contingent consideration and financial liability under option arrangements recognized in a business combination which are subsequently measured at fair value through profit or loss. b. Derivative financial instruments", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 96, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "19f73f4e55bc0f10"}, {"chunk_id": "907717c4502232dc", "content": "recognized in a business combination which are subsequently measured at fair value through profit or loss. b. Derivative financial instruments The Group holds derivative financial instruments such as foreign exchange forward and option contracts to mitigate the risk of changes in exchange rates on foreign currency exposures. The counterparty for such contracts is generally a bank. (i) Financial assets or financial liabilities, carried at fair value through profit or loss This category includes derivative financial assets or liabilities which are not designated as hedges. Although the Group believes that these derivatives constitute hedges from an economic perspective, they may not qualify for hedge accounting under IFRS 9, Financial Instruments. Any derivative that is either not designated as hedge, or is so designated but is ineffective as per IFRS 9, is categorized as a financial asset or financial liability, carried at fair value through profit or loss. Derivatives not designated as hedges are recognized initially at fair value and attributable transaction costs are recognized in net profit in the consolidated statement of comprehensive income when incurred. Subsequent to initial recognition, these derivatives are measured at fair value through profit or loss and the resulting exchange gains or losses are included in other income.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 96, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "19f73f4e55bc0f10"}, {"chunk_id": "38db09416f7071be", "content": "income when incurred. Subsequent to initial recognition, these derivatives are measured at fair value through profit or loss and the resulting exchange gains or losses are included in other income. Assets/ liabilities in this category are presented as current assets/current liabilities if they are either held for trading or are expected to be realized within 12 months after the Balance Sheet date. Primarily, the Group designates certain foreign exchange forward and options contracts as cash flow hedges to mitigate the risk of foreign exchange exposure on highly probable forecast cash transactions. When a derivative is designated as a cash flow hedging instrument, the effective portion of changes in the fair value of the derivative is recognized in other comprehensive income and accumulated in the cash flow hedging reserve. Any ineffective portion of changes in the fair value of the derivative is recognized immediately in the net profit in the interim consolidated statement of comprehensive income. If the hedging instrument no longer meets the criteria for hedge accounting, then hedge accounting is discontinued prospectively. If the hedging instrument expires or is sold, terminated or exercised, the cumulative gain or loss on the hedging instrument recognized in cash flow hedging reserve till the period the hedge was effective remains in cash flow hedging reserve until the forecasted transaction occurs.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 96, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "19f73f4e55bc0f10"}, {"chunk_id": "d060139eb9347bc5", "content": "remains in cash flow hedging reserve until the forecasted transaction occurs. The cumulative gain or loss previously recognized in the cash flow hedging reserve is transferred to the net profit in the consolidated statement of comprehensive income upon the occurrence of the related forecasted transaction. If the forecasted transaction is no longer expected to occur, then the amount accumulated in cash flow hedging reserve is reclassified to net profit in the consolidated statement of comprehensive income. The Group derecognizes a financial asset when the contractual rights to the cash flows from the financial asset expire or it transfers the financial asset and the transfer qualifies for derecognition under IFRS 9. A financial liability (or a part of a financial liability) is derecognized from the Group's Balance Sheet when the obligation specified in the contract is discharged or cancelled or expires. 2.3.3 Derecognition of financial instruments 2.3.4 Fair value of financial instruments In determining the fair value of its financial instruments, the Group uses a variety of methods and assumptions that are based on market conditions and risks existing at each reporting date. The methods used to determine fair value include discounted cash flow analysis, available quoted market prices, option pricing model, market multiples, and dealer quotes. All methods of", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 96, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "19f73f4e55bc0f10"}, {"chunk_id": "f14fa3de0f56c19d", "content": "The methods used to determine fair value include discounted cash flow analysis, available quoted market prices, option pricing model, market multiples, and dealer quotes. All methods of assessing fair value result in general approximation of value, and such value may never actually be realized. Refer to table 'Financial instruments by category' below for the disclosure on carrying value and fair value of financial assets and liabilities. For financial assets and liabilities maturing within one year from the Balance Sheet date and which are not carried at fair value, the carrying amounts approximate fair value due to the short maturity of these instruments.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 96, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "19f73f4e55bc0f10"}, {"chunk_id": "eafbf90d9e8c03b5", "content": "The Group recognizes loss allowances using the expected credit loss (ECL) model for the financial assets and unbilled revenue which are not fair valued through profit or loss. Loss allowance for trade receivables and unbilled revenues with no significant financing component is measured at an amount equal to lifetime ECL. For all other financial assets, expected credit losses are measured at an amount equal to the 12-month ECL, unless there has been a significant increase in credit risk from initial recognition in which case those are measured at lifetime ECL. The Group determines the allowance for credit losses based on historical loss experience adjusted to reflect current and estimated future economic conditions. The Group considers current and anticipated future economic conditions relating to industries the Group deals with and the countries where it operates. The amount of ECL (or reversal) that is required to adjust the loss allowance at the reporting date to the amount that is required to be recorded is recognized as an impairment loss or gain in the condensed consolidated statement of comprehensive income. Financial instruments by category The carrying value and fair value of financial instruments by categories as at September 30, 2025 are as follows: Financial assets / liabilities at fair value through profit or Financial assets / liabilities at fair Designated upon initial recognition Equity instruments", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 97, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f5765669751100a0"}, {"chunk_id": "d440624e73b6f03e", "content": "Financial assets / liabilities at fair value through profit or Financial assets / liabilities at fair Designated upon initial recognition Equity instruments designated upon initial value Total  fair value Assets: Cash and cash equivalents (Refer to note 2.1) 31,832 -                         -                                      -                        -                    31,832                  31,832 Investments (Refer to note 2.2) Liquid mutual fund units -                     -                   5,192 -                        -                      5,192                    5,192 Target maturity fund units -                     -                       483 -                        -                         483                       483 Quoted debt securities 497 -                         -                                      -                10,177                  10,674                  10,684  (1) Commercial Papers -                     -                         -                                      -                  1,734                    1,734                    1,734 Certificates of deposit -                     -                         -                                      -                  4,894                    4,894                    4,894 Quoted equity securities -                     -                         -                                     83 -                           83                         83", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 97, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f5765669751100a0"}, {"chunk_id": "45101df8d5459446", "content": "Quoted equity securities -                     -                         -                                     83 -                           83                         83 Unquoted equity and preference securities -                     25 -                                   174 -                         199                       199 Unquoted investment others -                     -                       226 -                        -                         226                       226 Trade receivables 33,968 -                         -                                      -                        -                    33,968                  33,968 Unbilled revenues (Refer to note 2.17)(3) 11,194 -                         -                                      -                        -                    11,194                  11,194 Derivative financial instruments -                     -                         12 -                       24                         36                         36 Prepayments and other assets (Refer to note 2.4) 7,718 -                         -                                      -                        -                      7,718                    7,706  (2) Total 85,209                   25                 5,913                                 257              16,829                108,233                108,231 Liabilities: Trade payables 3,839", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 97, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f5765669751100a0"}, {"chunk_id": "fe2797b3977411d9", "content": "Total 85,209                   25                 5,913                                 257              16,829                108,233                108,231 Liabilities: Trade payables 3,839 -                         -                                      -                        -                      3,839                    3,839 Lease liabilities (Refer to note 2.8) 8,755 -                         -                                      -                        -                      8,755                    8,755 Derivative financial instruments -                     -                       480 -                       18                       498                       498 Financial liability under option arrangements (Refer to note 2.5) -                     -                       753 -                        -                         753                       753 Other liabilities including contingent consideration (Refer to note 2.5) 17,606 -                         95 -                        -                    17,701                  17,701 Total 30,200 -                   1,328 -                       18                  31,546                  31,546 (1)  On account of fair value changes including interest accrued (2) Excludes interest accrued on quoted debt securities carried at amortized cost of ₹12 crore.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 97, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f5765669751100a0"}, {"chunk_id": "5b3e618cbf7e9b75", "content": "(1)  On account of fair value changes including interest accrued (2) Excludes interest accrued on quoted debt securities carried at amortized cost of ₹12 crore. (3)  Excludes unbilled revenue for contracts where the right to consideration is dependent on completion of contractual milestones The carrying value and fair value of financial instruments by categories as at March 31, 2025 were as follows: Financial assets/ liabilities at fair value through profit or Financial assets/liabilities at fair value Designated upon initial Equity instruments designated upon initial value Total  fair value Assets: Cash and cash equivalents (Refer to note 2.1) 24,455 -                         -                                      -                        -                    24,455                  24,455 Investments (Refer to note 2.2) Liquid mutual fund units -                     -                   1,957 -                        -                      1,957                    1,957 Target maturity fund units -                     -                       465 -                        -                         465                       465 Quoted debt securities 1,650 -                         -                                      -                11,877                  13,527                  13,689   (1)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 97, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f5765669751100a0"}, {"chunk_id": "dca000eb6dfbeb6f", "content": "Commercial papers -                     -                         -                                      -                  3,641                    3,641                    3,641 Certificates of deposit -                     -                         -                                      -                  3,504                    3,504                    3,504 Quoted equity securities -                     -                         -                                     57 -                           57                         57 Unquoted equity and preference securities -                     25 -                                   169 -                         194                       194 Unquoted investments others -                     -                       196 -                        -                         196                       196 Trade receivables 31,158 -                         -                                      -                        -                    31,158                  31,158 Unbilled revenue (Refer to note 2.17)(3) 10,214 -                         -                                      -                        -                    10,214                  10,214 7,210 -                         -                                      -                        -                      7,210                    7,130  (2) Prepayments and other assets (Refer to note 2.4)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 98, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e5bb8de580266963"}, {"chunk_id": "d367676ecd4b56d2", "content": "7,210 -                         -                                      -                        -                      7,210                    7,130  (2) Prepayments and other assets (Refer to note 2.4) Derivative financial instruments -                     -                       164 -                       28                       192                       192 Total 74,687                   25                 2,782                                 226              19,050                  96,770                  96,852 Liabilities: Trade payables 4,164 -                         -                                      -                        -                      4,164                    4,164 Lease liabilities (Refer to note 2.8) 8,227 -                         -                                      -                        -                      8,227                    8,227 Derivative financial instruments -                     -                         30 -                       33                         63                         63 Financial liability under option arrangements (Refer to note 2.5) -                     -                       667 -                        -                         667                       667 Other liabilities including contingent consideration (Refer to note 2.5) 16,511 -                         31 -                        -                    16,542                  16,542 Total 28,902", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 98, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e5bb8de580266963"}, {"chunk_id": "76bee01021ddc0b7", "content": "Other liabilities including contingent consideration (Refer to note 2.5) 16,511 -                         31 -                        -                    16,542                  16,542 Total 28,902 -                       728 -                       33                  29,663                  29,663 (1)  On account of fair value changes including interest accrued (2)  Excludes interest accrued on quoted debt securities carried at amortized cost of ₹80 crore. (3)  Excludes unbilled revenue for contracts where the right to consideration is dependent on completion of contractual milestones For trade receivables, trade payables, other assets and payables maturing within one year from the balance sheet date, the carrying amounts approximate fair value due to the short maturity of these instruments. Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices). Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs). The fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as at September 30, 2025 is as follows: Fair value measurement at end of the reporting Level 1 Level 2 Level 3 Assets Investments (Refer to note 2.2) As at", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 98, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e5bb8de580266963"}, {"chunk_id": "ff7eebffe4d7ef85", "content": "Fair value measurement at end of the reporting Level 1 Level 2 Level 3 Assets Investments (Refer to note 2.2) As at September 30, 2025 Particulars 5,192                5,192 -                            - 483                   483 -                            - 10,684              10,449                       235 - 4,894 -                      4,894 - 1,734 -                      1,734 - 83                     83 -                            - 199 -                            -                         199 Investments in unquoted investments others 226 -                            -                         226 Investments in liquid mutual fund units Investments in target maturity fund units Investments in quoted debt securities Investments in certificates of deposit Investments in commercial papers Investments in quoted equity securities Investments in unquoted equity and preference securities Derivative financial instruments - gain 36 -                           36 - Derivative financial instruments - loss 498 -                         498 - Financial liability under option arrangements (Refer to note 2.5)(1) 753 -                            -                         753 Liability towards contingent consideration (Refer to note 2.5)(2) 95 -                            -                           95 (1)Discount rate ranges from 9% to 15% (2)Discount rate ranges from 3% to 6%", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 98, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e5bb8de580266963"}, {"chunk_id": "26d94b9a21952add", "content": "Liability towards contingent consideration (Refer to note 2.5)(2) 95 -                            -                           95 (1)Discount rate ranges from 9% to 15% (2)Discount rate ranges from 3% to 6% During the six month ended September 30, 2025, quoted debt securities of ₹96 crore were transferred from Level 2 to Level 1 of fair value hierarchy, since these were valued based on quoted price and quoted debt securities of ₹185 crore were transferred from Level 1 to Level 2 of fair value hierarchy, since these were valued based on market observable inputs. The fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as at March 31, 2025 was as follows: Fair value measurement at end of the reporting Level 1 Level 2 Level 3 Assets Investments (Refer to note 2.2)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 98, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e5bb8de580266963"}, {"chunk_id": "58aa684599055151", "content": "1,957                1,957 -                            - 465                   465 -                            - 13,689              13,099                       590 - 194 - -                       194 57                     57 -                            - Investments in certificates of deposit 3,504 -                      3,504 - Investments in commercial papers 3,641 -                      3,641 - Investments in unquoted investments others 196 - -                       196 Investments in liquid mutual fund units Investments in target maturity fund units Investments in quoted debt securities Investments in unquoted equity and preference securities Investments in quoted equity securities Derivative financial instruments- gain 192 -                         192 - Financial liability under option arrangements (Refer to note 2.5)(1) 667 -                            -                         667 Derivative financial instruments- loss 63 -                           63 - Liability towards contingent consideration (Refer to note 2.5)(2) 31 -                            -                           31 (1)Discount rate ranges from 9% to 15% (2) Discount rate - 6% During the year ended March 31, 2025, quoted debt securities of ₹297 crore were transferred from Level 2 to Level 1 of fair value hierarchy, since these were valued based on quoted price", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 100, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8032ea845f11a01b"}, {"chunk_id": "eeffba328d62c764", "content": "During the year ended March 31, 2025, quoted debt securities of ₹297 crore were transferred from Level 2 to Level 1 of fair value hierarchy, since these were valued based on quoted price and quoted debt securities of ₹554 crore were transferred from Level 1 to Level 2 of fair value hierarchy, since these were valued based on market observable inputs. A one percentage point change in the unobservable inputs used in fair valuation of Level 3 assets and liabilities does not have a significant impact in its value. Majority of investments of the Group are fair valued based on Level 1 or Level 2 inputs. These investments primarily include investment in liquid mutual fund units, target maturity fund units, quoted debt securities, certificates of deposit, commercial paper, quoted bonds issued by government and quasi-government organizations. The Group invests after considering counterparty risks based on multiple criteria including Tier I Capital, Capital Adequacy Ratio, Credit Rating, Profitability, NPA levels and Deposit base of banks and financial institutions. These risks are monitored regularly as per Group’s risk management program. 2.4 Prepayments and other assets Prepayments and other assets consist of the following: September 30, 2025 March 31, 2025 Current Security deposits(1) 65                                 65 Loans to employees(1) 243                               249 Prepaid expenses(2)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 100, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8032ea845f11a01b"}, {"chunk_id": "51aa045c29d7e438", "content": "September 30, 2025 March 31, 2025 Current Security deposits(1) 65                                 65 Loans to employees(1) 243                               249 Prepaid expenses(2) 2,985                            3,080 Interest accrued and not due(1) 661                               842 Withholding taxes and others(2)(4) 2,638                            2,841 Advance payments to vendors for supply of goods(2) 268                               413 Deposit with corporations(1)(3) 3,170                            2,949 Deferred contract cost Cost of obtaining a contract (2) 350                               343 Cost of fulfillment (2) 608                               504 Net investment in lease(1) 1,408                            1,139 Other non financial assets (2) 82                                 91 Other financial assets(1) 508                               470 Total Current prepayment and other assets 12,986                          12,986 Security deposits(1) 275                               273 Loans to employees(1) 9                                 16 Prepaid expenses(2) 308                               282 Withholding taxes and others(2)(4) 544                               534 Deposit with corporations(1)(3) 151                                 82 Deferred contract cost Cost of obtaining a contract (2) 259                               312 Cost of fulfillment (2) 901                               879 Defined benefit plan assets(2) 267                               297", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 100, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8032ea845f11a01b"}, {"chunk_id": "ca7e12c1e75c5ba2", "content": "Cost of obtaining a contract (2) 259                               312 Cost of fulfillment (2) 901                               879 Defined benefit plan assets(2) 267                               297 Net investment in lease(1) 1,201                            1,106 Other financial assets(1) 27                                 19 Total Non- current prepayment and other assets 3,942                            3,800 (1) Financial assets carried at amortized cost 7,718                            7,210 Total prepayment and other assets 16,928                          16,786 (2) Non financial assets (3) Deposit with corporation represents amounts deposited to settle certain employee-related obligations as and when they arise during the normal course of business. (4) Withholding taxes and others primarily consist of input tax credits and VAT recoverable from tax authorities. Other liabilities comprise the following: 2.5 Other liabilities September 30, 2025 March 31, 2025 Current Accrued compensation to employees(1) 5,062                            4,924 Accrued defined benefit liability (3) 19                                   6 Accrued expenses(1) 9,498                            8,467 Withholding taxes and others(3) 3,435                            3,256 Liabilities of controlled trusts(1) 173                               173 Liability towards contingent consideration(2) 25                                 11 Capital Creditors(1) 302                               520", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 100, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8032ea845f11a01b"}, {"chunk_id": "2a6e9acc1eaf8e4d", "content": "173                               173 Liability towards contingent consideration(2) 25                                 11 Capital Creditors(1) 302                               520 Financial liability under option arrangements(2)(4) 629                               552 Other non-financial liabilities (3) 12                                 11 Other financial liabilities(1)(5) 552                               520 Total current other liabilities 19,707 18,440 Accrued expenses(1) 1,921                            1,890 Accrued defined benefit liability (3) 171                               115", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 100, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8032ea845f11a01b"}, {"chunk_id": "b98da6ee13601672", "content": "Accrued compensation to employees(1) 98                                 12 Liability towards contingent consideration(2) 70                                 20 Financial liability under option arrangements(2)(4) 124                               115 Other financial liabilities(1)(5) -                                     5 Other non-financial liabilities(3) 76                               100 Total non-current other liabilities 2,460                            2,257 Total other liabilities 22,167 20,697 (1) Financial liability carried at amortized cost 17,606                          16,511 (3)Non financial liabilities (2) Financial liability carried at fair value through profit or loss 848                               698 (4) Represents liability related to options issued by the Group over the non-controlling interests in its subsidiaries (5) The Group entered into financing arrangements with a third party towards technology assets taken over by the Group from a customer as a part of transformation project which was not considered as distinct goods or services as the control related to those assets was not transferred to the Group in accordance with IFRS 15 - Revenue from contract with customers. As at September 30, 2025 and March 31, 2025, the financial liability pertaining to such arrangements amounts to ₹48 crore and ₹67 crore, respectively.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 101, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0f3dfe278db0937c"}, {"chunk_id": "366c17dba6b9d663", "content": "As at September 30, 2025 and March 31, 2025, the financial liability pertaining to such arrangements amounts to ₹48 crore and ₹67 crore, respectively. Accrued expenses primarily relates to cost of technical sub-contractors, telecommunication charges, legal and professional charges, brand building expenses, overseas travel expenses and office maintenance and cost of third party software and hardware. 2.6 Provisions and other contingencies A provision is recognized if, as a result of a past event, the Group has a present legal or constructive obligation that is reasonably estimable, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The Group recognizes a reimbursement asset when, and only when, it is virtually certain that the reimbursement will be received if the Group settles the obligation. Contingent liability is a possible obligation arising from past events and whose existence will be confirmed only by the occurrence or non- occurrence of one or more uncertain future events not wholly within the control of the entity or a present obligation that arises from past events but", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 101, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0f3dfe278db0937c"}, {"chunk_id": "fc015a21b1e39867", "content": "occurrence of one or more uncertain future events not wholly within the control of the entity or a present obligation that arises from past events but is not recognized because it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation or the amount of the obligation cannot be measured with sufficient reliability. a. Post sales client support The Group provides its clients with a fixed-period post sales support on its fixed-price, fixed-timeframe contracts. Costs associated with such support services are accrued at the time related revenues are recorded and included in cost of sales. The Group estimates such costs based on historical experience and estimates are reviewed on a periodic basis for any material changes in assumptions and likelihood of occurrence. Provisions for onerous contracts are recognized when the expected benefits to be derived by the Group from a contract are lower than the unavoidable costs of meeting the future obligations under the contract. Provisions for estimated losses, if any, on incomplete contracts are recorded in the period in which such losses become probable based on the estimated efforts or costs to complete the contract. The provision is measured at the present value of the lower of the expected cost of terminating the contract and the expected net cost of continuing with the contract. Before a", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 101, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0f3dfe278db0937c"}, {"chunk_id": "628a7b25e03619f8", "content": "The provision is measured at the present value of the lower of the expected cost of terminating the contract and the expected net cost of continuing with the contract. Before a provision is established the Group recognizes any impairment loss on the assets associated with that contract. Provision for post sales client support and other provisions September 30, 2025 March 31, 2025 Post sales client support and other provisions 1,499                            1,325 Provisions pertaining to settlement (refer to note 2.6.2) 133                               150 Total provisions 1,632                            1,475 Provision for post sales client support and other provisions majorly represents cost associated with providing post sales support services which are accrued at the time of recognition of revenues and are expected to be utilized over a period of 1 year. Provision for post sales client support and other provisions is included in cost of sales in the interim condensed consolidated statement of comprehensive income. As at September 30, 2025 and March 31, 2025 claims against the Group, not acknowledged as debts, (excluding demands from income tax authorities - Refer to note 2.12) amounted to ₹991 crore and ₹1,020 crore respectively. The amount paid to statutory authorities against the claims (excluding demands from income tax authorities - Refer to note 2.12) amounted to ₹17", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 101, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0f3dfe278db0937c"}, {"chunk_id": "185b46bccc3ab88d", "content": "The amount paid to statutory authorities against the claims (excluding demands from income tax authorities - Refer to note 2.12) amounted to ₹17 crore and ₹8 crore as at September 30, 2025 and March 31, 2025, respectively. 2.6.2 Legal proceedings McCamish Cybersecurity incident In November 2023, certain systems of Infosys McCamish Systems LLC (“McCamish”), a subsidiary of Infosys BPM Limited (a wholly owned subsidiary of Infosys Limited), were encrypted by ransomware, resulting in the non-availability of certain applications and systems. McCamish initiated its incident response and engaged cybersecurity and other specialists to assist in its investigation of and response to the incident and remediation and restoration of impacted applications and systems. By December 31, 2023, McCamish, with external specialists’ assistance, substantially remediated and restored the affected applications and systems. Actions taken by McCamish included investigative analysis conducted by a third-party cybersecurity firm to determine, among other things, whether and the extent to which company or customer data was subject to unauthorized access or exfiltration. McCamish also engaged a third-party eDiscovery vendor in assessing the extent and nature of such data. McCamish in coordination with its third-party eDiscovery vendor has identified corporate customers and individuals whose information was", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 101, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0f3dfe278db0937c"}, {"chunk_id": "754f95e5a159337a", "content": "From March 6, 2024 through July 25, 2024, six actions were filed in the U.S. District Court for the Northern District of Georgia against McCamish. The actions arise out of the cybersecurity incident at McCamish initially disclosed on November 3, 2023. All six actions have since been consolidated, and the consolidated class action complaint was filed on November 7, 2024, purportedly on behalf of all persons residing in the United States whose personally identifiable information was compromised in the incident, including all who were sent a notice of the incident. On December 20, 2024, the Court granted the parties’ joint motion to stay proceedings pending the parties’ efforts to resolve the lawsuit through mediation. On March 13, 2025, McCamish and the plaintiffs engaged in mediation, resulting in an in-principle agreement that sets forth the terms of a proposed settlement of the class action lawsuits against McCamish, as well as seven class action lawsuits arising out of the incident that have been filed against McCamish’s customers. On May 9, 2025, McCamish and the plaintiffs entered into a definitive settlement agreement, and the plaintiffs moved for preliminary approval of the settlement. Under the settlement terms, McCamish has agreed to pay $17.5 million (approximately ₹150 crore) into a fund to settle these matters. On July 16, 2025, the Court granted preliminary approval of the settlement. The settlement remains", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 103, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bab1841b123a5e28"}, {"chunk_id": "6b73192e54c718a4", "content": "₹150 crore) into a fund to settle these matters. On July 16, 2025, the Court granted preliminary approval of the settlement. The settlement remains subject to final court approval. If approved, the settlement will resolve all allegations made in the class action lawsuits without admission of any liability. During the three months ended March 31, 2025, McCamish had recorded an accrual of $17.5 million (approximately ₹150 crore) related to the settlement and had recognized an insurance reimbursement receivable of $17 million (approximately ₹145 crore) which has been offset against the settlement expense of $17.5 million (approximately ₹150 crore) in the Statement of Comprehensive Income. McCamish may incur additional costs including from indemnities or damages/claims, which are indeterminable at this time. Government Investigation The U.S. Department of Justice (“DOJ”) is conducting an investigation regarding how the Company classified certain H-1B visa-recipient employees working for one of its clients in immigration documents filed with certain U.S. government authorities. The Company is engaged in discussions with the DOJ regarding its ongoing investigation and has commenced its own inquiry regarding the matter. At this stage, the Company is unable to predict the outcome of this matter, including whether such outcome could have a material adverse effect on the Company’s business and results of operations.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 103, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bab1841b123a5e28"}, {"chunk_id": "30972246b9153aa9", "content": "At this stage, the Company is unable to predict the outcome of this matter, including whether such outcome could have a material adverse effect on the Company’s business and results of operations. Apart from the foregoing, the Group is subject to legal proceedings and claims which have arisen in the ordinary course of business. The Group’s management reasonably expects that such ordinary course legal actions, when ultimately concluded and determined, may not have a material and adverse effect on the Group’s results of operations or financial condition. 2.7 Property, plant and equipment Property, plant and equipment are stated at cost, less accumulated depreciation and impairment, if any. Costs directly attributable to acquisition are capitalized until the property, plant and equipment are ready for use, as intended by the Management. The charge in respect of periodic depreciation is derived at after determining an estimate of an asset’s expected useful life and the expected residual value at the end of its life. The Group depreciates property, plant and equipment over their estimated useful lives using the straight-line method. The estimated useful lives of assets are as follows: Plant and machinery(1) 5 years Computer equipment 3-5 years Furniture and fixtures 5 years Vehicles 5 years Leasehold improvements Lower of useful life of the asset or lease term (1)  Includes solar plant with a useful life of 25 years", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 103, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bab1841b123a5e28"}, {"chunk_id": "dccd9b46b385cf38", "content": "5 years Computer equipment 3-5 years Furniture and fixtures 5 years Vehicles 5 years Leasehold improvements Lower of useful life of the asset or lease term (1)  Includes solar plant with a useful life of 25 years Depreciation methods, useful lives and residual values are reviewed periodically, including at each financial year end. The useful lives are based on historical experience with similar assets as well as anticipation of future events, which may impact their life, such as changes in technology. Advances paid towards the acquisition of property, plant and equipment outstanding at each balance sheet date and the cost of assets not ready to use before such date are disclosed under ‘Capital work-in-progress’. Subsequent expenditures relating to property, plant and equipment is capitalized only when it is probable that future economic benefits associated with these will flow to the Group and the cost of the item can be measured reliably. The cost and related accumulated depreciation are eliminated from the financial statements upon sale or retirement of the asset. Property, plant and equipment are evaluated for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value less cost to sell and the value-in-use) is determined on an individual asset basis unless the asset does not", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 103, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bab1841b123a5e28"}, {"chunk_id": "925c8de7c85d9229", "content": "For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value less cost to sell and the value-in-use) is determined on an individual asset basis unless the asset does not generate cash flows that are largely independent of those from other assets. In such cases, the recoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs. If such assets are considered to be impaired, the impairment to be recognized in net profit in the interim condensed consolidated statement of comprehensive income is measured by the amount by which the carrying value of the assets exceeds the estimated recoverable amount of the asset. An impairment loss is reversed in net profit in the consolidated statement of comprehensive income if there has been a change in the estimates used to determine the recoverable amount. The carrying amount of the asset is increased to its revised recoverable amount, provided that this amount does not exceed the carrying amount that would have been determined (net of any accumulated depreciation) had no impairment loss been recognized for the asset in prior years. The changes in the carrying value of property, plant and equipment for the three months ended September 30, 2025 are as follows: Particulars Land Buildings Plant and machinery fixtures Vehicles Total Gross carrying value as at July 1, 2025", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 103, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bab1841b123a5e28"}, {"chunk_id": "a0dfb597506a7b7e", "content": "Particulars Land Buildings Plant and machinery fixtures Vehicles Total Gross carrying value as at July 1, 2025 1,487             11,737               5,506               9,278               3,359                    48             31,415 10                      6                    29                  412                      8 -                    465 Deletions* -                      -                   (14)                (165)                  (67)                    (3)                (249) Translation difference -                      38                      9                    29                    18 -                      94 Gross carrying value as at September 30, 2025 1,497             11,781               5,530               9,554               3,318                    45             31,725", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 103, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bab1841b123a5e28"}, {"chunk_id": "c895b78558e4dab5", "content": "Accumulated depreciation as at July 1, 2025 -              (5,473)             (4,480)             (7,040)             (2,768)                  (43)            (19,804) Depreciation -                 (112)                  (87)                (263)                  (57) -                  (519) Accumulated depreciation on deletions* -                      -                      14                  165                    67                      3                  249 Translation difference -                   (13)                    (8)                  (18)                  (16) -                   (55) Accumulated depreciation as at September 30, 2025 -              (5,598)             (4,561)             (7,156)             (2,774)                  (40)            (20,129) Capital work-in progress as at July 1, 2025 1,114 Carrying value as at July 1, 2025 1,487               6,264               1,026               2,238                  591                      5             12,725 Capital work-in progress as at September 30, 2025 1,296 Carrying value as at  September 30, 2025 1,497               6,183                  969               2,398                  544                      5             12,892 The changes in the carrying value of property, plant and equipment for the three months ended September 30, 2024 are as follows: Particulars Land Buildings Plant and machinery fixtures Vehicles Total", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 104, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "df2a2b63c63d75e8"}, {"chunk_id": "599dc68be8599fca", "content": "The changes in the carrying value of property, plant and equipment for the three months ended September 30, 2024 are as follows: Particulars Land Buildings Plant and machinery fixtures Vehicles Total Gross carrying value as at July 1, 2024 1,430             11,743               5,361               8,617               3,346                    45             30,542 Additions -                      17                    84                  176                    73 -                    350 Additions on Business Combinations -                        1                    11                      5                    23                      2                    42 Deletions* -                     (4)                  (33)                (101)                  (29) -                  (167) Translation difference -                      43                      6                    17                    19 -                      85 Gross carrying value as at September 30, 2024 1,430 11,800 5,429 8,714 3,432 47 30,852 Accumulated depreciation as at July 1, 2024 -              (5,026)             (4,259)             (6,538)             (2,710)                  (42)            (18,575) Depreciation -                 (113)                  (99)                (321)                  (79) -                  (612) Accumulated depreciation on deletions* -                        1                    33                    96                    29 -                    159", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 104, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "df2a2b63c63d75e8"}, {"chunk_id": "794df9fc3a080f6b", "content": "-                  (612) Accumulated depreciation on deletions* -                        1                    33                    96                    29 -                    159 Translation difference -                   (13)                    (6)                    (8)                  (17) -                    (44) Accumulated depreciation as at September 30, 2024 -              (5,151)             (4,331)             (6,771)             (2,777)                  (42)            (19,072) Capital work-in progress as at July 1, 2024 573 Carrying value as at July 1, 2024 1,430 6,717 1,102 2,079 636 3 12,540 Capital work-in progress as at September 30, 2024 676 Carrying value as at  September 30, 2024 1,430 6,649 1,098 1,943 655 5 12,456 The changes in the carrying value of property, plant and equipment for the six months ended September 30, 2025 are as follows: Particulars Land Buildings Plant and machinery fixtures Vehicles Total Gross carrying value as at April 1, 2025 1,477             11,721               5,438               9,306               3,300                    48 31,290 Additions 20                      9                  100                  619                    52                      1                  801 Additions - Business Combination (Refer to Note 2.10) -                      -                      -                        3 -                      -                        3 Translation difference", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 104, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "df2a2b63c63d75e8"}, {"chunk_id": "794956f18cf3a190", "content": "Additions - Business Combination (Refer to Note 2.10) -                      -                      -                        3 -                      -                        3 Translation difference -                      56                    17                    61                    39 -                    173 -                     (5)                  (25)                (435)                  (73)                    (4)                (542) Gross carrying value as at September 30, 2025 1,497             11,781               5,530               9,554               3,318                    45             31,725 Accumulated depreciation as at April 1, 2025 -              (5,358)             (4,402)             (7,013)             (2,696)                  (43)            (19,512) Depreciation -                 (223)                (170)                (530)                (118)                    (1)             (1,042) Accumulated depreciation on deletions* -                        1                    24                  424                    73                      4                  526 Translation difference -                   (18)                  (13)                  (37)                  (33) -                 (101) Accumulated depreciation as at September 30, 2025 -              (5,598)             (4,561)             (7,156)             (2,774)                  (40)            (20,129)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 104, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "df2a2b63c63d75e8"}, {"chunk_id": "3da6cf266c0a82c6", "content": "-                 (101) Accumulated depreciation as at September 30, 2025 -              (5,598)             (4,561)             (7,156)             (2,774)                  (40)            (20,129) Capital work-in progress as at April 1, 2025 1,022 Carrying value as at April 1, 2025 1,477 6,363 1,036 2,293 604 5 12,800 Capital work-in progress as at September 30, 2025 1,296 Carrying value as at  September 30, 2025 1,497 6,183 969 2,398 544 5 12,892 * During the three months and six months ended September 30, 2025, certain assets which were not in use having gross book value of ₹226 crore (net book value: Nil) and ₹473 crore (net book value: Nil), respectively were retired. The changes in the carrying value of property, plant and equipment for the six months ended September 30, 2024 are as follows: Particulars Land Buildings Plant and machinery Gross carrying value as at April 1, 2024 1,430             11,770               5,341               8,611               3,390                    45 30,587 Additions -                      32                  127                  354                    94                      1                  608 fixtures Vehicles Total Additions - Business Combination (Refer to Note 2.10) -                        1                    11                      6                    23                      2                    43", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 104, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "df2a2b63c63d75e8"}, {"chunk_id": "1f3ec3ee1a4b61bb", "content": "-                   (42)                  (55)                (265)                  (90)                    (1)                (453) Translation difference -                      39                      5                      8                    15 -                      67 Gross carrying value as at September 30, 2024 1,430             11,800               5,429               8,714               3,432                    47             30,852 Accumulated depreciation as at April 1, 2024 -              (4,921)             (4,182)             (6,380)             (2,692)                  (42)            (18,217) Depreciation -                 (224)                (199)                (648)                (161)                    (1)             (1,233) Accumulated depreciation on deletions* -                        6                    55                  259                    89                      1                  410 Translation difference -                   (12)                    (5)                    (2)                  (13) -                   (32) Accumulated depreciation as at September 30, 2024 -              (5,151)             (4,331)             (6,771)             (2,777)                  (42)            (19,072) Capital work-in progress as at April 1, 2024 448 Carrying value as at April 1, 2024 1,430 6,849 1,159 2,231 698 3 12,818 Capital work-in progress as at September 30, 2024 676", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 105, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "775102893d1199e0"}, {"chunk_id": "4d8d9a5e057bab12", "content": "Capital work-in progress as at April 1, 2024 448 Carrying value as at April 1, 2024 1,430 6,849 1,159 2,231 698 3 12,818 Capital work-in progress as at September 30, 2024 676 Carrying value as at  September 30, 2024 1,430 6,649 1,098 1,943 655 5 12,456 * During the three months and six months ended September 30, 2024, certain assets which were not in use having gross book value of ₹103 crore (net book value: Nil) and ₹229 crore (net book value: Nil), respectively were retired. The aggregate depreciation expense is included in cost of sales in the interim condensed consolidated statement of comprehensive income. Repairs and maintenance costs are recognized in the interim condensed consolidated statement of comprehensive income when incurred. Consequent to the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021 (“the Rules”), the Company was required to transfer its CSR capital assets installed prior to January 2021. Towards this the Company had incorporated a subsidiary ‘Infosys Green Forum’ (IGF) under Section 8 of the Companies Act, 2013. During the year ended March 31, 2022, the Company had completed the transfer of assets upon obtaining the required approvals from regulatory authorities, as applicable. During fiscal 2024, the application filed by IGF", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 105, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "775102893d1199e0"}, {"chunk_id": "bb0cabe826dd5579", "content": "2022, the Company had completed the transfer of assets upon obtaining the required approvals from regulatory authorities, as applicable. During fiscal 2024, the application filed by IGF for regularization of the provisional registration was rejected and registration cancelled vide order dated March 26, 2024 by Income Tax Commissioner (Exemption). IGF has filed an appeal before Income Tax Tribunal against the order. The Group had contractual commitments for capital expenditure primarily comprising of commitments for infrastructure facilities and computer equipment aggregating to ₹1,118 crore and ₹935 crore as at September 30, 2025 and March 31, 2025, respectively. The Group as a lessee The Group’s lease asset classes primarily consist of leases for land, buildings and computers. The Group assesses whether a contract contains a lease, at inception of a contract. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, the Group assesses whether: (1) the contract involves the use of an identified asset (2) the Group has substantially all of the economic benefits from use of the asset through the period of the lease and (3) the Group has the right to direct the use of the asset.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 105, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "775102893d1199e0"}, {"chunk_id": "31525696d2b9786c", "content": "an identified asset (2) the Group has substantially all of the economic benefits from use of the asset through the period of the lease and (3) the Group has the right to direct the use of the asset. At the date of commencement of the lease, the Group recognizes a right-of-use asset (“ROU”) and a corresponding lease liability for all lease arrangements in which it is a lessee, except for leases with a term of twelve months or less (short-term leases) and low value leases. For these short-term and low value leases, the Group recognizes the lease payments as an operating expense on a straight-line basis over the term of the lease. As a lessee, the Group determines the lease term as the non-cancellable period of a lease adjusted with any option to extend or terminate the lease, if the use of such option is reasonably certain. The Group makes an assessment on the expected lease term on a lease-by-lease basis and thereby assesses whether it is reasonably certain that any options to extend or terminate the contract will be exercised. In evaluating the lease term, the Group considers factors such as any significant leasehold improvements undertaken over the lease term, costs relating to the termination of the lease and the importance of the underlying asset to Group’s operations taking into account the location of the underlying asset and the availability of suitable alternatives.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 105, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "775102893d1199e0"}, {"chunk_id": "eb5fe6ae554e2b37", "content": "operations taking into account the location of the underlying asset and the availability of suitable alternatives. The lease term in future periods is reassessed to ensure that the lease term reflects the current economic circumstances. Certain lease arrangements include the options to extend or terminate the lease before the end of the lease term. ROU assets and lease liabilities includes these options when it is reasonably certain that they will be exercised. The right-of-use assets are initially recognized at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or prior to the commencement date of the lease plus any initial direct costs less any lease incentives. They are subsequently measured at cost less accumulated depreciation and impairment losses. Right-of-use assets are depreciated from the commencement date on a straight-line basis over the shorter of the lease term and useful life of the underlying asset. Right-of-use assets are evaluated for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value less cost to sell and the value-in-use) is determined on an individual asset basis unless the asset does not generate cash flows that are largely independent of those from other assets.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 105, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "775102893d1199e0"}, {"chunk_id": "cd1b0ecb3e1ba9b2", "content": "basis unless the asset does not generate cash flows that are largely independent of those from other assets. In such cases, the recoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs. The lease liability is initially measured at amortized cost at the present value of the future lease payments. The lease payments are discounted using the interest rate implicit in the lease or, if not readily determinable, using the incremental borrowing rates in the country of domicile of these leases. Lease liabilities are remeasured with a corresponding adjustment to the related right-of-use asset if the group changes its assessment of whether it will exercise an extension or a termination option. Lease liability and ROU asset have been separately presented in the Balance Sheet and lease payments have been classified as financing cash flows.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 105, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "775102893d1199e0"}, {"chunk_id": "cf20b82014de93fd", "content": "The Group as a lessor Leases for which the group is a lessor is classified as a finance or operating lease. Whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee, the contract is classified as a finance lease. All other leases are classified as operating leases. When the Group is an intermediate lessor, it accounts for its interests in the head lease and the sublease separately. The sublease is classified as a finance or operating lease by reference to the right-of-use asset arising from the head lease. For operating leases, rental income is recognized on a straight line basis over the term of the relevant lease. Following are the changes in the carrying value of right-of-use assets for the three months ended September 30, 2025: (In ₹ crore) Particulars Total Category of ROU asset Land Buildings Vehicles Computers Balance as at July 1, 2025 599                      3,366                           24                      2,352                      6,341 Additions(1) -                          118                             2                         490                         610 Deletions -                             -                             -                        (175)                       (175) Depreciation (2)                       (187)                           (3)                       (303)                       (495) Translation difference", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 107, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "eb95ae5df35f8edb"}, {"chunk_id": "da2a4ea19bc6b057", "content": "Depreciation (2)                       (187)                           (3)                       (303)                       (495) Translation difference 3                           32                             1                           73                         109 Balance as at September 30, 2025 600                      3,329                           24                      2,437                      6,390 (1)  Net of adjustments on account of modifications (In ₹ crore) Particulars Following are the changes in the carrying value of right-of-use assets for the three months ended September 30, 2024: Land Buildings Vehicles Computers Balance as of July 1, 2024 603                      3,387                           17                      2,505                      6,512 Category of ROU asset Total Additions(1) -                          112                             3                         390                         505 Addition due to business combination -                          155                             5 -                          160 Deletions -                          (35)                           (6)                       (166)                       (207) Depreciation (1)                       (167)                           (4)                       (225)                       (397) Translation difference", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 107, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "eb95ae5df35f8edb"}, {"chunk_id": "a13a3c14c37af891", "content": "Depreciation (1)                       (167)                           (4)                       (225)                       (397) Translation difference 2                           29                             8                           80                         119 Balance as at September 30, 2024 604                      3,481                           23                      2,584                      6,692 (1)  Net of adjustments on account of modifications Following are the changes in the carrying value of right-of-use assets for the six months ended September 30, 2025: (In ₹ crore) Particulars Category of ROU asset Total Land Buildings Vehicles Computers Balance as of April 1, 2025 600                      3,348                           24                      2,339                      6,311 Additions(1) -                          293                             3                         857                      1,153 Deletions -                          (19) -                        (369)                       (388) Depreciation (3)                       (374)                           (6)                       (576)                       (959) Translation difference 3                           81                             3                         186                         273 Balance as of September 30, 2025 600                      3,329                           24                      2,437                      6,390", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 107, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "eb95ae5df35f8edb"}, {"chunk_id": "ee324db1293fef9e", "content": "Balance as of September 30, 2025 600                      3,329                           24                      2,437                      6,390 (1)  Net of adjustments on account of modifications (In ₹ crore) Particulars Following are the changes in the carrying value of right-of-use assets for the six months ended September 30, 2024: Land Buildings Vehicles Computers Balance as of April 1, 2024 605                      3,298                           17                      2,632                      6,552 Category of ROU asset Total Additions(1) -                          385                             6                         674                      1,065 Addition due to Business Combination -                          155                             5 -                          160 Deletions -                          (35)                           (6)                       (315)                       (356) Depreciation (3)                       (348)                           (6)                       (473)                       (830) Translation difference 2                           26                             7                           66                         101 Balance as of September 30, 2024 604                      3,481                           23                      2,584                      6,692 (1)  Net of adjustments on account of modifications", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 107, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "eb95ae5df35f8edb"}, {"chunk_id": "f3dff55e468d9622", "content": "Balance as of September 30, 2024 604                      3,481                           23                      2,584                      6,692 (1)  Net of adjustments on account of modifications The aggregate depreciation expense on ROU assets is included in cost of sales in the interim condensed consolidated statement of comprehensive income The following is the break-up of current and non-current lease liabilities as of September 30, 2025 and March 31, 2025: (In ₹ crore) Particulars Current lease liabilities 2,772                      2,455 September 30, 2025 March 31, 2025 Non-current lease liabilities 5,983                      5,772 Total 8,755                      8,227 2.9 Goodwill and Intangible assets Goodwill represents the purchase consideration in excess of the Group's interest in the net fair value of identifiable assets, liabilities and contingent liabilities of the acquired entity. When the net fair value of the identifiable assets, liabilities and contingent liabilities acquired exceeds the purchase consideration, the fair value of net assets acquired is reassessed and the bargain purchase gain is recognized immediately in the net profit in the Statement of Comprehensive Income. Goodwill is measured at cost less accumulated impairment losses.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 107, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "eb95ae5df35f8edb"}, {"chunk_id": "15429b2ac0c690e5", "content": "Goodwill is tested for impairment on an annual basis and whenever there is an indication that the recoverable amount of a cash generating unit (CGU) is less than its carrying amount. For the impairment test, goodwill is allocated to the CGU or groups of CGU’s which benefit from the synergies of the acquisition and which represents the lowest level at which goodwill is monitored for internal management purposes. A CGU is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or group of assets. Impairment occurs when the carrying amount of a CGU including the goodwill, exceeds the estimated recoverable amount of the CGU. The recoverable amount of a CGU is the higher of its fair value less cost to sell and its value-in-use. Value-in-use is the present value of future cash flows expected to be derived from the CGU. Key assumptions in the cash flow projections are prepared based on current economic conditions and includes estimated long term growth rates, weighted average cost of capital and estimated operating margins. Following is a summary of changes in the carrying amount of goodwill: September 30, 2025 March 31, 2025 Carrying value at the beginning 10,106                    7,303 Goodwill on acquisitions (Refer to note 2.10) 444                    2,593 Translation differences 952                       210 Carrying value at the end", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 108, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "32e5db717d64e25f"}, {"chunk_id": "f7287fccfb5e4e3c", "content": "Carrying value at the beginning 10,106                    7,303 Goodwill on acquisitions (Refer to note 2.10) 444                    2,593 Translation differences 952                       210 Carrying value at the end 11,502                  10,106 For the purpose of impairment testing, goodwill acquired in a business combination is allocated to the CGUs or groups of CGUs, which are benefited from the synergies of the acquisition. 2.9.2 Intangible assets Intangible assets are stated at cost less accumulated amortization and impairment. Intangible assets are amortized over their respective individual estimated useful lives on a straight-line basis, from the date that they are available for use. The estimated useful life of an identifiable intangible asset is based on a number of factors including the effects of obsolescence, demand, competition, and other economic factors (such as the stability of the industry and known technological advances), and the level of maintenance expenditures required to obtain the expected future cash flows from the asset. Amortization methods and useful lives are reviewed periodically including at each financial year end. Research costs are expensed as incurred. Software product development costs are expensed as incurred unless technical and commercial feasibility of", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 108, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "32e5db717d64e25f"}, {"chunk_id": "c0bfb6391e474da5", "content": "Research costs are expensed as incurred. Software product development costs are expensed as incurred unless technical and commercial feasibility of the project is demonstrated, future economic benefits are probable, the Group has an intention and ability to complete and use or sell the software and the costs can be measured reliably. The costs which can be capitalized include the cost of material, direct labour, overhead costs that are directly attributable to prepare the asset for its intended use. Intangible assets are evaluated for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value less cost to sell and the value-in-use) is determined on an individual asset basis unless the asset does not generate cash flows that are largely independent of those from other assets. In such cases, the recoverable amount is determined for the CGU to which the asset belongs. If such assets are considered to be impaired, the impairment to be recognized in net profit in the statement of comprehensive income is measured by the amount by which the carrying value of the assets exceeds the estimated recoverable amount of the asset. An impairment loss is reversed in net", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 108, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "32e5db717d64e25f"}, {"chunk_id": "8785d67d7c57e34b", "content": "the amount by which the carrying value of the assets exceeds the estimated recoverable amount of the asset. An impairment loss is reversed in net profit in the statement of comprehensive income if there has been a change in the estimates used to determine the recoverable amount. The carrying amount of the asset is increased to its revised recoverable amount, provided that this amount does not exceed the carrying amount that would have been determined (net of any accumulated amortization) had no impairment loss been recognized for the asset in prior years. 2.10 Business combinations Business combinations have been accounted for using the acquisition method under the provisions of IFRS 3 (Revised), Business Combinations. The purchase price in an acquisition is measured at the fair value of the assets transferred, equity instruments issued and liabilities incurred or assumed at the date of acquisition, which is the date on which control is transferred to the Group. The purchase price also includes the fair value of any contingent consideration. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair value on the date of acquisition. Contingent consideration is remeasured at fair value at each reporting date and changes in the fair value of the contingent consideration are recognized in the interim condensed", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 108, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "32e5db717d64e25f"}, {"chunk_id": "0bcda8a52694fcb1", "content": "Contingent consideration is remeasured at fair value at each reporting date and changes in the fair value of the contingent consideration are recognized in the interim condensed Consolidated Statement of Comprehensive Income. The interest of non-controlling shareholders is initially measured either at fair value or at the non-controlling interests’ proportionate share of the acquiree’s identifiable net assets. The choice of measurement basis is made on an acquisition-by-acquisition basis. Subsequent to acquisition, the carrying amount of non-controlling interests is the amount of those interests at initial recognition plus the non-controlling interests’ share of subsequent changes in equity of subsidiaries. Business combinations between entities under common control is outside the scope of IFRS 3 (Revised), Business Combinations and is accounted for at carrying value of assets acquired and liabilities assumed. The payments related to options issued by the Group over the non-controlling interests in its subsidiaries are accounted as financial liabilities and initially recognized at the estimated present value of gross obligations. Such options are subsequently measured at fair value in order to reflect the amount payable under the option at the date at which it becomes exercisable. In the event that the option expires unexercised, the liability is derecognized.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 108, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "32e5db717d64e25f"}, {"chunk_id": "33130a9f2c9b67e4", "content": "which it becomes exercisable. In the event that the option expires unexercised, the liability is derecognized. During the six months ended September 30, 2025 the Group, completed two business combinations by acquiring 100% partnership interests/voting interests in: 1) MRE Consulting Ltd., a leading Energy and business consulting services company, headquartered in Texas, U.S. on April 30, 2025, which is expected to bring newer capabilities for the Group in trading and risk management, especially in the energy sector. 2) The Missing Link Security Pty. Ltd., The Missing Link Security Limited and The Missing Link Automation Pty. Ltd. (collectively known as \"The Missing Link\"), a leading Cybersecurity service provider headquartered in Australia on April 30, 2025, which is expected to further strengthen the Group's capabilities in the cybersecurity sector and bolster its presence in the fast growing Australian Market.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 108, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "32e5db717d64e25f"}, {"chunk_id": "74103d0e75d19054", "content": "The provisional purchase price is allocated to assets acquired and liabilities assumed based upon determination of fair values at the date of acquisition as follows: Component Acquiree's carrying amount Fair value adjustments Net Assets (1) 116                             -                      116 Customer related# -                            222                    222 Vendor relationship# -                              55                      55 -                             (46)                    (46) Total 116                          251                    367 Goodwill 444 Total purchase price 811 Brand# -                              20                      20 Deferred tax liabilities on intangible assets (1) Includes cash and cash equivalents acquired of ₹102 crore # The estimated useful life is around 1 year to 7 years The excess of the purchase consideration paid over the fair value of assets acquired has been attributed to goodwill. The primary items that generated this goodwill are the value of the acquired assembled workforce and estimated synergies, neither of which qualify as an intangible asset. Goodwill amounting to ₹79 crore is expected to be deductible for tax purposes. The total purchase consideration of ₹811 crore includes upfront cash consideration of ₹741 crore and contingent consideration with an estimated fair value of ₹70 crore as on the date of acquisition.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 109, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "004b27b0629400ee"}, {"chunk_id": "86a768d462c546b3", "content": "The total purchase consideration of ₹811 crore includes upfront cash consideration of ₹741 crore and contingent consideration with an estimated fair value of ₹70 crore as on the date of acquisition. At the acquisition date, the key inputs used in determination of the fair value of contingent consideration are the probabilities assigned towards achievement of financial targets and discount rates ranging from 2% - 3%. The undiscounted value of contingent consideration as of September 30, 2025 was approximately ₹79 crore. Additionally, these acquisitions have retention bonus and management incentives payable to the employees of the acquiree over 2-3 years, subject to their continuous employment with the Group and achievement of financial targets for the respective years. Retention bonus and management incentives are recognized in employee benefit expenses in the Statement of Comprehensive Income over the period of service. Fair value of trade receivables acquired is ₹194 crore as of acquisition date and as of September 30, 2025, the amounts are substantially collected. Transaction costs that the Group incurs in connection with a business combination such as finder’s fees, legal fees, due diligence fees, and other professional and consulting fees are expensed as incurred. The transaction costs of ₹34 crore related to the acquisition have been included under administrative expenses in the", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 109, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "004b27b0629400ee"}, {"chunk_id": "974de481e29fc2ac", "content": "consulting fees are expensed as incurred. The transaction costs of ₹34 crore related to the acquisition have been included under administrative expenses in the Consolidated Statement of Comprehensive Income for the three months ended June 30, 2025. On August 13, 2025, Infosys Singapore Pte. Ltd., a wholly owned subsidiary of Infosys Limited, entered into a definitive agreement to acquire 75% of the equity share capital in Telstra Purple Pty Ltd, including some of its subsidiaries (together known as Versent Group), Australia’s leading Digital Transformation Solutions Provider for a consideration including earn-outs and deferred consideration amounting up to AUD 233 million (approximately ₹1,335 crore), excluding retention bonus and management incentives, subject to regulatory approvals and customary closing adjustments. 2.11 Employees' Stock Option Plans (ESOP) The Group recognizes compensation expense relating to share-based payments in net profit based on estimated fair-values of the awards on the grant date. The estimated fair value of awards is recognized as an expense in net profit in the interim condensed consolidated statement of comprehensive income on a straight- line basis over the requisite service period for each separately vesting portion of the award as if the award was in-substance, multiple awards with a corresponding increase to share premium.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 109, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "004b27b0629400ee"}, {"chunk_id": "f959bde31de43d7d", "content": "line basis over the requisite service period for each separately vesting portion of the award as if the award was in-substance, multiple awards with a corresponding increase to share premium. Infosys Expanded Stock Ownership Program 2019 (the 2019 Plan): On June 22, 2019 pursuant to the approval by the shareholders in the Annual General Meeting, the Board has been authorized to introduce, offer, issue and provide share-based incentives to eligible employees of the Company and its subsidiaries under the 2019 Plan. The maximum number of shares under the 2019 plan shall not exceed 50,000,000 equity shares. To implement the 2019 Plan , up to 45,000,000 equity shares may be issued by way of secondary acquisition of shares by the Infosys Expanded Stock Ownership Trust. The Restricted Stock Units (RSUs) granted under the 2019 plan shall vest based on the achievement of defined annual performance parameters as determined by the administrator (Nomination and Remuneration Committee). The performance parameters will be based on a combination of relative Total Shareholder Return (TSR) against selected industry peers and certain broader market domestic and global indices and operating performance metrics of the company as decided by administrator. Each of the above performance parameters will be distinct for the purposes of calculation of quantity of shares to vest based on performance.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 109, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "004b27b0629400ee"}, {"chunk_id": "22b0c87196ba9800", "content": "Each of the above performance parameters will be distinct for the purposes of calculation of quantity of shares to vest based on performance. These instruments will generally vest between a minimum of 1 to maximum of 3 years from the grant date. 2015 Stock Incentive Compensation Plan (the 2015 Plan): On March 31, 2016, pursuant to the approval by the shareholders through postal ballot, the Board was authorized to introduce, offer, issue and allot share-based incentives to eligible employees of the Company and its subsidiaries under the 2015 Stock Incentive Compensation Plan. The maximum number of shares under the 2015 plan shall not exceed 24,038,883 equity shares (this includes 11,223,576 equity shares which are held by the trust towards the 2011 Plan as at March 31, 2016). These instruments will generally vest over a period of 4 years. The plan numbers mentioned above are further adjusted with the September 2018 bonus issue. The equity settled and cash settled RSUs and stock options would vest generally over a period of 4 years and shall be exercisable within the period as approved by the Nomination and Remuneration Committee (NARC). The exercise price of the RSUs will be equal to the par value of the shares and the exercise price of the stock options would be the market price as on the date of grant.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 109, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "004b27b0629400ee"}, {"chunk_id": "765daca3551aaf30", "content": "The exercise price of the RSUs will be equal to the par value of the shares and the exercise price of the stock options would be the market price as on the date of grant. Controlled trust holds 9,091,403 and 9,655,927 shares as at September 30, 2025 and March 31, 2025, respectively under the 2015 plan, out of these shares 200,000 equity shares each have been earmarked for welfare activities of the employees as at September 30, 2025 and March 31, 2025. The following is the summary of grants during three months and six months ended September 30, 2025 and September 30, 2024: 2025 2024 2025 2024 2015 Plan: RSU Equity settled RSUs Key Management Personnel (KMP) -                        -           277,077          295,168 Employees other than KMP 2,400              32,850             7,400          129,340 2,400              32,850         284,477          424,508 2015 Plan: Employee Stock Options (ESOPs)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 109, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "004b27b0629400ee"}, {"chunk_id": "07095c9783751983", "content": "Equity settled RSUs Key Management Personnel (KMP) -                        -           237,370                   - Employees other than KMP -                        -        5,412,790                   - -                        -        5,650,160                   - Cash settled RSUs Key Management Personnel (KMP) -                        -                    -                     - Employees other than KMP -                        -           108,180                   - -                        -           108,180                   - Total Grants under 2015 Plan 2,400              32,850      6,042,817          424,508 Equity settled RSUs Key Management Personnel (KMP) -                        -             66,366            70,699 Employees other than KMP -                        -                    -                6,848 -                        -             66,366            77,547 Total Grants under 2019 Plan -                        -             66,366            77,547 Notes on grants to KMP: The Board, on April 17, 2025, based on the recommendations of the Nomination and Remuneration Committee approved the following grants for fiscal 2026. In accordance with such approval the following grants were made effective May 2, 2025. - 230,621 performance-based RSUs (Annual performance equity grant) of fair value of ₹34.75 crore. These RSUs will vest in line with the employment agreement based on achievement of certain performance targets.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 111, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3aba8cef69799aad"}, {"chunk_id": "96bf1970a6f9bd80", "content": "These RSUs will vest in line with the employment agreement based on achievement of certain performance targets. - 13,273 performance-based grant of RSUs (Annual performance equity ESG grant) of fair value of ₹2 crore. These RSUs will vest in line with the employment agreement based on achievement of certain environment, social and governance milestones as determined by the Board. - 33,183 performance-based grant of RSUs (Annual performance Equity TSR grant) of fair value of ₹5 crore . These RSUs will vest in line with the employment agreement based on Company’s performance on cumulative relative TSR over the years and as determined by the Board. Though the annual time based grants and annual performance equity TSR grant for the remaining employment term ending on March 31, 2027 have not been granted as of September 30, 2025, since the service commencement date precedes the grant date, the company has recorded employment stock compensation expense in accordance with IFRS 2, Share based payments. The grant date for this purpose in accordance with IFRS 2, Share based payments is July 1, 2022. The Board, on April 17, 2025, based on the recommendations of the Nomination and Remuneration Committee, approved performance-based grant of RSUs amounting to ₹10 crore for fiscal 2026 under the 2019 Plan. These RSUs will vest based on achievement of certain performance targets. Accordingly, 66,366", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 111, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3aba8cef69799aad"}, {"chunk_id": "46efda9e31131cc9", "content": "amounting to ₹10 crore for fiscal 2026 under the 2019 Plan. These RSUs will vest based on achievement of certain performance targets. Accordingly, 66,366 performance based RSU’s were granted effective May 2, 2025. During the six months ended September 30, 2025, based on recommendations of Nomination and Remuneration Committee, the Board approved time based grants of 237,370 ESOPs to Other KMP under the 2015 Plan. These stock options will vest over a period of 4 years and shall be exercisable within the period as approved by the Committee. The exercise price of the stock options would be the market price as on the date of grant. (in ₹ crore) The break-up of employee stock compensation expense is as follows: 2025 2024 2025 2024 Granted to: KMP 18                     17                  35                   35 Employees other than KMP 218                   191                436                 385 Total (1) 236                   208                471                 420 (1) Cash settled stock compensation expense included in the above 4                       8                    9                   12 The fair value of the awards are estimated using the Black-Scholes Model for time and non-market performance based options and Monte Carlo simulation model is used for TSR based options.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 111, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3aba8cef69799aad"}, {"chunk_id": "c7abaac514931006", "content": "The fair value of the awards are estimated using the Black-Scholes Model for time and non-market performance based options and Monte Carlo simulation model is used for TSR based options. The inputs to the model include the share price at date of grant, exercise price, expected volatility, expected dividends, expected term and the risk free rate of interest. Expected volatility during the expected term of the options is based on historical volatility of the observed market prices of the Company's publicly traded equity shares during a period equivalent to the expected term of the options. Expected volatility of the comparative company have been modelled based on historical movements in the market prices of their publicly traded equity shares during a period equivalent to the expected term of the options. Correlation coefficient is calculated between each peer entity and the indices as a whole or between each entity in the peer group. The fair value of each equity settled award is estimated on the date of grant using the following assumptions: Fiscal 2026- Equity Shares- Fiscal 2026- Equity Shares- For options granted in Weighted average share price (₹) / ($ ADS) 1,507 1,554 17.93 1,428 18.09 Exercise price (₹)/ ($ ADS) 5.00                   1,554                17.93               5.00                0.07 Expected volatility (%) 23-25 25-28 26-30 21-26 23-28 Expected life of the option (years) 1-4 3-7 3-7 1-4 1-4 Expected dividends (%) 2-3 2-3 2-3 2-3 2-3", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 111, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3aba8cef69799aad"}, {"chunk_id": "4f5768fb1426d20c", "content": "Expected volatility (%) 23-25 25-28 26-30 21-26 23-28 Expected life of the option (years) 1-4 3-7 3-7 1-4 1-4 Expected dividends (%) 2-3 2-3 2-3 2-3 2-3 Risk-free interest rate (%) 6 6 4 7 4-5 Weighted average fair value as on grant date (₹) / ($ ADS) 1,355                      390                  4.09             1,311              16.59 The expected life of the RSU/ESOP is estimated based on the vesting term and contractual term of the RSU/ESOP, as well as expected exercise behavior of the employee who receives the RSU/ESOP. Income tax expense comprises current and deferred income tax. Income tax expense is recognized in net profit in the interim condensed Consolidated Statement of Comprehensive income except to the extent that it relates to items recognized directly in equity, in which case it is recognized in equity or other comprehensive income. Current income tax for current and prior periods is recognized at the amount expected to be paid to or recovered from the tax authorities, using the tax rates and tax laws that have been enacted or substantively enacted by the Balance Sheet date. Deferred income tax assets and liabilities are recognized for all temporary differences arising between the tax bases of assets and liabilities and their carrying", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 111, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3aba8cef69799aad"}, {"chunk_id": "a5be23b95c1c929b", "content": "by the Balance Sheet date. Deferred income tax assets and liabilities are recognized for all temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements except when the deferred income tax arises from the initial recognition of goodwill or an asset or liability in a transaction that is not a business combination and affects neither accounting nor taxable profit or loss at the time of the transaction. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 111, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3aba8cef69799aad"}, {"chunk_id": "8735524026c49a5b", "content": "Deferred income tax assets and liabilities are measured using tax rates and tax laws that have been enacted or substantively enacted by the Balance Sheet date and are expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of changes in tax rates on deferred income tax assets and liabilities is recognized as income or expense in the period that includes the enactment or the substantive enactment date. A deferred income tax asset is recognized to the extent that it is probable that future taxable profit will be available against which the deductible temporary differences and tax losses can be utilized. Deferred income taxes are not provided on the undistributed earnings of subsidiaries and branches where it is expected that the earnings of the subsidiary or branch will not be distributed in the foreseeable future. The Group offsets current tax assets and current tax liabilities; deferred tax assets and deferred tax liabilities, where it has a legally enforceable right to set off the recognized amounts and where it intends either to settle on a net basis, or to realize the asset and settle the liability simultaneously. The income tax provision for the interim period is made based on the best estimate of the annual average tax rate expected to be applicable for the full financial year.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 112, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e62b76e411da82b8"}, {"chunk_id": "08a9f6666e61e624", "content": "The income tax provision for the interim period is made based on the best estimate of the annual average tax rate expected to be applicable for the full financial year. Tax benefits of deductions earned on exercise of employee share options in excess of compensation charged to income are credited to equity. Income tax expense in the consolidated statement of comprehensive income comprises: 2025 2024 2025 2024 Current taxes Domestic taxes 2,458                 2,336                 4,777                       4,643 Foreign taxes 720                    810                 1,455                       1,501 3,178                 3,146                 6,232                       6,144 Deferred taxes Domestic taxes (199)                   (262)                   (341)                         (496) Foreign taxes (125)                   (147)                   (221)                         (264) (324)                   (409)                   (562)                         (760) Income tax expense 2,854                 2,737                 5,670                       5,384 Three months ended September 30, Six months ended September 30, Income tax expense for the three months ended September 30, 2025 and September 30, 2024 includes reversal (net of provisions) of ₹2 crore and provisions (net of reversal) of ₹83 crore, respectively.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 112, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e62b76e411da82b8"}, {"chunk_id": "ce6c5fe5b0a43106", "content": "Income tax expense for the three months ended September 30, 2025 and September 30, 2024 includes reversal (net of provisions) of ₹2 crore and provisions (net of reversal) of ₹83 crore, respectively. Income tax expense for the six months ended September 30, 2025 and September 30, 2024 includes provisions (net of reversal) of ₹114 crore and reversal (net of provisions) of ₹143 crore, respectively. These provisions and reversals pertaining to prior periods are primarily on account of adjudication of certain disputed matters, upon filing of tax return and completion of assessments, across various jurisdictions. Deferred income tax for the three months and six months ended September 30, 2025 and September 30, 2024 substantially relates to origination and reversal of temporary differences. The Company’s Advanced Pricing Arrangement (APA) with the Internal Revenue Service (IRS) for US branch income tax expired in March 2021. The Company has applied for renewal of APA and currently the US taxable income is based on the Company’s best estimate determined based on the expected value method. As at September 30, 2025, claims against the Group not acknowledged as debts from the Income tax authorities amounted to ₹2,003 crore. As at March 31, 2025, claims against the Group not acknowledged as debts from the Income tax authorities amounted to ₹1,933 crore.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 112, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e62b76e411da82b8"}, {"chunk_id": "acb63d47b734327a", "content": "As at March 31, 2025, claims against the Group not acknowledged as debts from the Income tax authorities amounted to ₹1,933 crore. The amount paid to statutory authorities against the tax claims amounted to ₹1,213 crore and ₹4,199 crore as at September 30, 2025 and March 31, 2025, respectively. The claims against the Group primarily represent demands arising on completion of assessment proceedings under the Income Tax Act, 1961. These claims are on account of issues of disallowance of expenditure towards software being held as capital in nature, payments made to Associated Enterprises held as liable for withholding of taxes, among others. These matters are pending before various Income Tax Authorities and the Management including its tax advisors expect that its position will likely be upheld on ultimate resolution and will not have a material adverse effect on the Group's financial position and results of operations. 2.13 Earnings per equity share Basic earnings per equity share is computed by dividing the net profit attributable to the equity holders of the Group by the weighted average number of equity shares outstanding during the period. Diluted earnings per equity share is computed by dividing the net profit attributable to the equity holders of the Group by the weighted average number of equity shares considered for deriving basic earnings per equity share and also the weighted average number", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 112, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e62b76e411da82b8"}, {"chunk_id": "684dc5874a9ad833", "content": "the Group by the weighted average number of equity shares considered for deriving basic earnings per equity share and also the weighted average number of equity shares that could have been issued upon conversion of all dilutive potential equity shares. The dilutive potential equity shares are adjusted for the proceeds receivable had the equity shares been actually issued at fair value (i.e. the average market value of the outstanding equity shares). Dilutive potential equity shares are deemed converted as at the beginning of the period, unless issued at a later date. Dilutive potential equity shares are determined independently for each period presented. The number of equity shares and potentially dilutive equity shares are adjusted retrospectively for all periods presented for any share splits and bonus shares issues including for changes effected prior to the approval of the financial statements by the Board of Directors. 2.14 Related party transactions Refer to note 2.14 \"Related party transactions\" in the Company’s 2025 Consolidated financial statements under IFRS in Indian rupee for the full names and other details of the Company's subsidiaries and controlled trusts. Changes in Subsidiaries During the six months ended September 30, 2025, the following are the changes in the subsidiaries:", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 112, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e62b76e411da82b8"}, {"chunk_id": "dec57b1c5901f03b", "content": "and other details of the Company's subsidiaries and controlled trusts. Changes in Subsidiaries During the six months ended September 30, 2025, the following are the changes in the subsidiaries: Infosys Energy Consulting Services LLC , a wholly-owned subsidiary of Infosys Nova Holdings LLC was incorporated on April 16, 2025. Infosys Saudi Arabia LLC, a wholly-owned subsidiary of Infosys Limited was incorporated on April 21, 2025. Infosys Australia Technology Service Pty Ltd, a wholly-owned subsidiary of Infosys Singapore Pte. Limited was incorporated on April 23, 2025.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 112, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e62b76e411da82b8"}, {"chunk_id": "63f3d23cf8208ce4", "content": "On April 30, 2025, Infosys Nova Holdings LLC , a wholly owned subsidiary of Infosys Limited, acquired 98.21% of partnership interests in MRE Consulting Ltd along with its subsidiary MRE Technology Services, LLC. The remaining 1.79% was acquired by Infosys Energy Consulting Services LLC , a Wholly-owned subsidiary of Infosys Nova Holdings LLC. On April 30, 2025, Infosys Australia Technology Service Pty Ltd, a wholly owned subsidiary of Infosys Singapore Pte. Limited, acquired 100% of voting interests in The Missing Link Automation Pty Ltd, The Missing Link Network Integration Pty Ltd and The Missing Link Security Pty Ltd along with its subsidiary The Missing Link Security Ltd in-tech Automotive Engineering de. R L de. C V, a wholly-owned subsidiary of in-tech GmbH has been liquidated effective May 07, 2025. On May 13, 2025,  Infosys Singapore Pte Ltd diluted 2% stake of HIPUS Co., Ltd to Mitsubishi Heavy Industries, Ltd. Infosys BPM Canada Inc, a Wholly-owned subsidiary of Infosys BPM UK Limited was incorporated on July 28, 2025 Infosys Germany Gmbh, a Wholly-owned subsidiary of Infosys Singapore Pte Ltd merged into Infosys Germany SE (formerly known as Blitz 24-893 SE) effective September 24, 2025 Transactions with key management personnel The table below describes the compensation to key management personnel which comprise directors and executive officers: (In ₹ crore) Particulars Three months ended September 30,", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 113, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "64b078f3ebb8ac68"}, {"chunk_id": "e0b1f8cdbc09d1c4", "content": "The table below describes the compensation to key management personnel which comprise directors and executive officers: (In ₹ crore) Particulars Three months ended September 30, Six months ended September 30, Salaries and other short term employee benefits to whole-time directors and executive officers(1)(2) 30                          28                          60                     56 Commission and other benefits to non-executive/ independent directors 5                            5                            9                       9 35                          33                          69                     65 (1)For the three months ended September 30, 2025 and September 30, 2024, includes a charge of ₹18 crore and ₹17 crore respectively, towards employee stock compensation expense. For the six months ended September 30, 2025 and September 30, 2024, includes a charge of ₹35 crore and ₹35 crore respectively, towards employee stock compensation expense. (Refer to note 2.11). (2)Does not include post-employment benefits and other long-term benefits based on actuarial valuation as these are done for the Company as a whole. 2.15 Segment reporting IFRS 8 Operating Segments establishes standards for the way that public business enterprises report information about operating segments and related disclosures about products and services, geographic areas, and major customers.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 113, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "64b078f3ebb8ac68"}, {"chunk_id": "4f2d76b064f456b0", "content": "about products and services, geographic areas, and major customers. The Group's operations predominantly relate to providing end-to-end business solutions to enable clients to enhance business performance. The Chief Operating Decision Maker (CODM) evaluates the Group's performance and allocates resources based on an analysis of various performance indicators by business segments. Accordingly, information has been presented along business segments. The accounting principles used in the preparation of the financial statements are consistently applied to record revenue and expenditure in individual segments, and are as set out in the accounting policies. Business segments of the Group are primarily enterprises in Financial Services and Insurance, enterprises in Manufacturing, enterprises in Retail, Consumer Packaged Goods and Logistics, enterprises in the Energy, Utilities, Resources and Services, enterprises in Communication, Telecom OEM and Media, enterprises in Hi-Tech, enterprises in Life Sciences and Healthcare and all other segments. The Financial services reportable segments has been aggregated to include the Financial Services operating segment and Finacle operating segment because of the similarity of the economic characteristics. All other segments represents the operating segments of businesses in India, Japan, China, Infosys Public Services & other enterprises in Public Services.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 113, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "64b078f3ebb8ac68"}, {"chunk_id": "acf2e98814cb4e80", "content": "All other segments represents the operating segments of businesses in India, Japan, China, Infosys Public Services & other enterprises in Public Services. Revenue and identifiable operating expenses in relation to segments are categorized based on items that are individually identifiable to that segment. Revenue for 'all other segments' represents revenue generated by Infosys Public Services and revenue generated from customers located in India, Japan and China and other enterprises in Public services. Allocated expenses of segments include expenses incurred for rendering services from the Group's offshore software development centers and on-site expenses, which are categorized in relation to the associated efforts of the segment. Certain expenses such as depreciation and amortization, which form a significant component of total expenses, are not specifically allocable to specific segments as the underlying assets are used interchangeably. The Management believes that it is not practical to provide segment disclosures relating to those costs and expenses, and accordingly these expenses are separately disclosed as \"unallocated\" and adjusted against the total income of the Group. Assets and liabilities used in the Group's business are not identified to any of the reportable segments, as these are used interchangeably between segments. The", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 113, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "64b078f3ebb8ac68"}, {"chunk_id": "beced95ea5d755d7", "content": "Assets and liabilities used in the Group's business are not identified to any of the reportable segments, as these are used interchangeably between segments. The Management believes that it is currently not practicable to provide segment disclosures relating to total assets and liabilities since a meaningful segregation of the available data is onerous. Business segment revenue information is collated based on individual customers invoiced or in relation to which the revenue is otherwise recognized. Disclosure of revenue by geographic locations is given in note 2.16 Revenue from operations. 2.15.1 Business segments Three months ended September 30, 2025 and September 30, 2024 (In ₹ crore) Particulars Financial Services(1) Manufacturing Energy, Utilities, Resources Retail(2) Communication(3) Hi-Tech Life Sciences(4) All other segments(5) Revenue 12,320                   7,347          5,945          5,639                     5,397         3,703        2,863           1,276        44,490 11,156                  6,424          5,546          5,446                     4,879        3,266       3,004          1,265       40,986 Identifiable operating expenses 7,017                   4,439          3,341          2,815                     3,402         2,342        1,802              802        25,960 6,258                  4,074          3,166          2,696                     3,165        1,889       1,865             840       23,953 Allocated expenses", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 113, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "64b078f3ebb8ac68"}, {"chunk_id": "51450221542a8bcf", "content": "6,258                  4,074          3,166          2,696                     3,165        1,889       1,865             840       23,953 Allocated expenses 2,244                   1,156          1,098          1,104                        978            598           527              290          7,995 2,038                  1,053             945             982                        822           583          525             276         7,224 Segment Profit 3,059                   1,752          1,506          1,720                     1,017            763           534              184        10,535 2,860                  1,297          1,435          1,768                        892           794          614             149         9,809 Unallocable expenses 1,182 1,160 Operating profit 9,353 8,649 Other income, net 982", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 113, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "64b078f3ebb8ac68"}, {"chunk_id": "fa253b8dd5b7c340", "content": "712 Finance cost 106 108 Profit before income taxes 10,229 9,253 Income tax expense 2,854 2,737 Net profit 7,375 6,516 Depreciation and amortization 1,182 1,160 Non-cash expenses other than depreciation and amortization - (1)  Financial Services include enterprises in Financial Services and Insurance (2)  Retail includes enterprises in Retail, Consumer Packaged Goods and Logistics (3)  Communication includes enterprises in Communication, Telecom OEM and Media (4)  Life Sciences includes enterprises in Life sciences and Health care (5)  Others include operating segments of businesses in India, Japan, China, Infosys Public Services & other enterprises in Public Services (In ₹ crore) Particulars Financial Services(1) Six months ended September 30, 2025 and September 30, 2024 Manufacturing Energy, Utilities, Resources Retail(2) Communication(3) Hi-Tech Life Sciences(4) All other segments(5) Revenue 24,116                 14,151        11,687        11,290                   10,494         6,999        5,607           2,425        86,769 21,971                12,201        10,767        10,873                     9,622        6,414       5,871          2,581       80,300 Identifiable operating expenses 13,679                   8,713          6,622          5,729                     6,734         4,304        3,512           1,465        50,758 12,346                  7,857          5,882          5,392                     6,278        3,673       3,622          1,591       46,641", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 115, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2ebac0c14c04fa79"}, {"chunk_id": "cd5f6c8a8ad6291b", "content": "12,346                  7,857          5,882          5,392                     6,278        3,673       3,622          1,591       46,641 Allocated expenses 4,405                   2,269          2,122          2,150                     1,863         1,163        1,008              551        15,531 4,153                  2,041          1,893          1,962                     1,656        1,133       1,023             551       14,412 Segment Profit 6,032                   3,169          2,943          3,411                     1,897         1,532        1,087              409        20,480 5,472                  2,303          2,992          3,519                     1,688        1,608       1,226             439       19,247 Unallocable expenses 2,323 2,310 Operating profit 18,157 16,937 Other income, net 2,024 1,551 Finance cost 211 214 Profit before income taxes 19,970 18,274 Income tax expense 5,670 5,384 Net profit 14,300 12,890 Depreciation and amortization 2,323 2,310 Non-cash expenses other than depreciation and amortization - - (1)  Financial Services include enterprises in Financial Services and Insurance (2)  Retail includes enterprises in Retail, Consumer Packaged Goods and Logistics (3)  Communication includes enterprises in Communication, Telecom OEM and Media (4)  Life Sciences includes enterprises in Life sciences and Health care", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 115, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2ebac0c14c04fa79"}, {"chunk_id": "14ba91ec0c35567d", "content": "(3)  Communication includes enterprises in Communication, Telecom OEM and Media (4)  Life Sciences includes enterprises in Life sciences and Health care (5)  Others include operating segments of businesses in India, Japan, China, Infosys Public Services & other enterprises in Public Services 2.15.2 Significant clients No client individually accounted for more than 10% of the revenues for the three months and six months ended September 30, 2025 and September 30, 2024, respectively. 2.16 Revenue from Operations The Group derives revenues primarily from IT services comprising software development and related services, cloud and infrastructure services, maintenance, consulting and package implementation, licensing of software products and platforms across the Group’s core and digital offerings (together called as “software related services”) and business process management services. Contracts with customers are either on a time-and-material, unit of work, fixed-price or on a fixed-time frame basis. Revenues from customer contracts are considered for recognition and measurement when the contract has been approved in writing by the parties, to the contract, the parties to contract are committed to perform their respective obligations under the contract, and the contract is legally enforceable. Revenue is recognized upon transfer of control of promised products or services (“performance", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 115, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2ebac0c14c04fa79"}, {"chunk_id": "afe7d4347eebaa02", "content": "to perform their respective obligations under the contract, and the contract is legally enforceable. Revenue is recognized upon transfer of control of promised products or services (“performance obligations”) to customers in an amount that reflects the consideration the Group has received or expects to receive in exchange for these products or services (“transaction price”). When there is uncertainty as to collectability, revenue recognition is postponed until such uncertainty is resolved. The Group assesses the services promised in a contract and identifies distinct performance obligations in the contract. The Group allocates the transaction price to each distinct performance obligation based on the relative standalone selling price. The price that is regularly charged for an item when sold separately is the best evidence of its standalone selling price. In the absence of such evidence, the primary method used to estimate standalone selling price is the expected cost plus a margin, under which the Group estimates the cost of satisfying the performance obligation and then adds an appropriate margin based on similar services. The Group’s contracts may include variable consideration including rebates, volume discounts and penalties. The Group includes variable consideration as part of transaction price when there is a basis", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 115, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2ebac0c14c04fa79"}, {"chunk_id": "829f851663456cb7", "content": "The Group’s contracts may include variable consideration including rebates, volume discounts and penalties. The Group includes variable consideration as part of transaction price when there is a basis to reasonably estimate the amount of the variable consideration and when it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is resolved. Revenue on time-and-material and unit of work based contracts, are recognized as the related services are performed. Fixed price maintenance revenue is recognized ratably either on a straight-line basis when services are performed through an indefinite number of repetitive acts over a specified period or ratably using a percentage of completion method when the pattern of benefits from the services rendered to the customer and Group’s costs to fulfil the contract is not even through the period of contract because the services are generally discrete in nature and not repetitive. Revenue from other fixed-price, fixed-timeframe contracts, where the performance obligations are satisfied over time is recognized using the percentage-of-completion method. Efforts or costs expended are used to determine progress towards completion as there is a direct relationship between input and productivity. Progress towards completion is measured as the ratio of costs or efforts incurred to date", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 115, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2ebac0c14c04fa79"}, {"chunk_id": "6c3a8677e8a55822", "content": "determine progress towards completion as there is a direct relationship between input and productivity. Progress towards completion is measured as the ratio of costs or efforts incurred to date (representing work performed) to the estimated total costs or efforts. Estimates of transaction price and total costs or efforts are continuously monitored over the term of the contracts and are recognized in net profit in the period when these estimates change or when the estimates are revised. Revenues and the estimated total costs or efforts are subject to revision as the contract progresses. Provisions for estimated losses, if any, on incomplete contracts are recorded in the period in which such losses become probable based on the estimated efforts or costs to complete the contract.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 115, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2ebac0c14c04fa79"}, {"chunk_id": "8a109b74aad42453", "content": "The billing schedules agreed with customers include periodic performance based billing and / or milestone based progress billings. Revenues in excess of billing are classified as unbilled revenue while billing in excess of revenues are classified as contract liabilities (which we refer to as unearned revenues). In arrangements for software development and related services and maintenance services, by applying the revenue recognition criteria for each distinct performance obligation, the arrangements with customers generally meet the criteria for considering software development and related services as distinct performance obligations. For allocating the transaction price, the Group measures the revenue in respect of each performance obligation of a contract at its relative standalone selling price. The price that is regularly charged for an item when sold separately is the best evidence of its standalone selling price. In cases where the Group is unable to determine the standalone selling price, the Group uses the expected cost plus margin approach in estimating the standalone selling price. For software development and related services, the performance obligations are satisfied as and when the services are rendered since the customer generally obtains control of the work as it progresses.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 116, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6490d4afdfbc5c4e"}, {"chunk_id": "6016e97518e98661", "content": "For software development and related services, the performance obligations are satisfied as and when the services are rendered since the customer generally obtains control of the work as it progresses. Certain cloud and infrastructure services contracts include multiple elements which may be subject to other specific accounting guidance, such as leasing guidance. These contracts are accounted in accordance with such specific accounting guidance. In such arrangements where the Group is able to determine that hardware and services are distinct performance obligations, it allocates the consideration to these performance obligations on a relative standalone selling price basis. In the absence of standalone selling price, the Group uses the expected cost-plus margin approach in estimating the standalone selling price. When such arrangements are considered as a single performance obligation, revenue is recognized over the period and measure of progress is determined based on promise in the contract. Revenue from licenses where the customer obtains a “right to use” the licenses is recognized at the time the license is made available to the customer. Revenue from licenses where the customer obtains a “right to access” is recognized over the access period. Arrangements to deliver software products generally have three elements: license, implementation and Annual Technical Services (ATS).", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 116, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6490d4afdfbc5c4e"}, {"chunk_id": "f6a74d8eb2305315", "content": "obtains a “right to access” is recognized over the access period. Arrangements to deliver software products generally have three elements: license, implementation and Annual Technical Services (ATS). When implementation services are provided in conjunction with the licensing arrangement and the license and implementation have been identified as two distinct separate performance obligations, the transaction price for such contracts are allocated to each performance obligation of the contract based on their relative standalone selling prices. In the absence of standalone selling price for implementation, the Group uses the expected cost plus margin approach in estimating the standalone selling price. Where the license is required to be substantially customized as part of the implementation service the entire arrangement fee for license and implementation is considered to be a single performance obligation and the revenue is recognized using the percentage-of-completion method as the implementation is performed. Revenue from client training, support and other services arising due to the sale of software products is recognized as the performance obligations are satisfied. ATS revenue is recognized ratably on a straight line basis over the period in which the services are rendered.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 116, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6490d4afdfbc5c4e"}, {"chunk_id": "341fbd945ff0bdca", "content": "ATS revenue is recognized ratably on a straight line basis over the period in which the services are rendered. Contracts with customers includes subcontractor services or third-party vendor equipment or software in certain integrated services arrangements. In these types of arrangements, revenue from sales of third-party vendor products or services is recorded net of costs when the Group is acting as an agent between the customer and the vendor, and gross when the Group is the principal for the transaction. In doing so, the Group first evaluates whether it obtains control of the specified goods or services before they are transferred to the customer. The Group considers whether it is primarily responsible for fulfilling the promise to provide the specified goods or services, inventory risk, pricing discretion and other factors to determine whether it controls the specified goods or services and therefore, is acting as a principal or an agent. A contract modification is a change in the scope or price or both of a contract that is approved by the parties to the contract. A contract modification that results in the addition of distinct performance obligations are accounted for either as a separate contract if the additional services are priced at the standalone selling price or as a termination of the existing contract and creation of a new contract if they are not priced at the standalone selling price.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 116, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6490d4afdfbc5c4e"}, {"chunk_id": "873c4bd9a47775fa", "content": "they are not priced at the standalone selling price. If the modification does not result in a distinct performance obligation, it is accounted for as part of the existing contract on a cumulative catch-up basis. The incremental costs of obtaining a contract (i.e., costs that would not have been incurred if the contract had not been obtained) are recognized as an asset if the Group expects to recover them. Certain eligible, nonrecurring costs (e.g. set-up or transition or transformation costs) that do not represent a separate performance obligation are recognized as an asset when such costs (a) relate directly to the contract; (b) generate or enhance resources of the Group that will be used in satisfying the performance obligation in the future; and (c) are expected to be recovered. Capitalized contract costs relating to upfront payments to customers are amortized to revenue and other capitalized costs are amortized to cost of sales over the respective contract life on a systematic basis consistent with the transfer of goods or services to customer to which the asset relates. Capitalized costs are monitored regularly for impairment. Impairment losses are recorded when present value of projected remaining operating cash flows is not sufficient to recover the carrying amount of the capitalized costs.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 116, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6490d4afdfbc5c4e"}, {"chunk_id": "eabeff2fd0e61bab", "content": "Impairment losses are recorded when present value of projected remaining operating cash flows is not sufficient to recover the carrying amount of the capitalized costs. The Group presents revenues net of indirect taxes in its interim condensed Consolidated Statement of Comprehensive Income. Revenues for the three months and six months ended September 30, 2025 and September 30, 2024 is as follows: (In ₹ crore) Particulars Three months ended September 30, Six months ended September 30, 2025 2024 2025 2024 Revenue from software services 42,392                        39,133                        82,723                       76,629 Revenue from products and platforms 2,098                          1,853                          4,046                         3,671 Total revenue from operations 44,490                        40,986                        86,769                       80,300 The Group also derives revenues from the sale of products and platforms like Finacle – core banking solution, Edge Suite of products, Panaya platform, Stater digital platform and Infosys McCamish – insurance platform. Disaggregated revenue information", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 116, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6490d4afdfbc5c4e"}, {"chunk_id": "28dde1ec10445213", "content": "Revenue disaggregation by business segments has been included in segment information (Refer note 2.15). The table below presents disaggregated revenues from contracts with customers by geography and contract type. The Group believes that this disaggregation best depicts how the nature, amount, timing and uncertainty of revenues and cash flows are affected by industry, market and other economic factors. For the three months and six months ended September 30, 2025 and September 30, 2024 Three months ended September 30, Six months ended September 30, Revenues by Geography* 2025 2024 2025 2024 North America 25,027                        23,507                        48,894                       46,649 Europe 14,125                        12,208                        27,463                       23,394 India 1,387                          1,288                          2,606                         2,515 Rest of the world 3,951                          3,983                          7,806                         7,742 Total 44,490                        40,986                        86,769                       80,300 * Geographical revenues is based on the domicile of customer. The percentage of revenue from fixed-price contracts for each of the three months ended September 30, 2025 and September 30, 2024 is 54%. The percentage of revenue from fixed-price contracts for", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 118, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "acfc52c316e32df2"}, {"chunk_id": "387b658b802d0413", "content": "The percentage of revenue from fixed-price contracts for each of the three months ended September 30, 2025 and September 30, 2024 is 54%. The percentage of revenue from fixed-price contracts for each of the six months ended September 30, 2025 and September 30, 2024 is 54%. Trade Receivables and Contract Balances The timing of revenue recognition, billings and cash collections results in receivables, unbilled revenue, and unearned revenue on the Group’s Consolidated Balance Sheet. Amounts are billed as work progresses in accordance with agreed-upon contractual terms, either at periodic intervals (e.g., monthly or quarterly) or upon achievement of contractual milestones. The Group’s Receivables are rights to consideration that are unconditional. Unbilled revenues comprising revenues in excess of billings from time and material contracts and fixed price maintenance contracts are classified as financial asset when the right to consideration is unconditional and is due only after a passage of time. Invoicing to the clients for other fixed price contracts is based on milestones as defined in the contract and therefore the timing of revenue recognition is different from the timing of invoicing to the customers. Therefore, unbilled revenues for other fixed price contracts (contract asset) are classified as non-financial asset because the right to consideration is dependent on completion of contractual milestones.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 118, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "acfc52c316e32df2"}, {"chunk_id": "55139ab9278b1b4c", "content": "Therefore, unbilled revenues for other fixed price contracts (contract asset) are classified as non-financial asset because the right to consideration is dependent on completion of contractual milestones. Invoicing in excess of earnings are classified as unearned revenue. Trade receivables and unbilled revenues are presented net of impairment in the consolidated statement of balance sheet. (In ₹ crore) Particulars 2.17 Unbilled Revenue September 30, 2025 March 31, 2025 Unbilled financial asset (1) 11,194                       10,214 Unbilled non financial asset (2) 5,427                         4,869 Total 16,621                       15,083 (1) Right to consideration is unconditional and is due only after a passage of time. (2) Right to consideration is dependent on completion of contractual milestones. Ordinary shares are classified as equity. Incremental costs directly attributable to the issuance of new ordinary shares, share options and buyback are recognized as a deduction from equity, net of any tax effects. When any entity within the Group purchases the company's ordinary shares, the consideration paid including any directly attributable incremental cost is presented as a deduction from total equity, until they are cancelled, sold or reissued. When treasury shares are sold or reissued subsequently, the amount received is recognized as", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 118, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "acfc52c316e32df2"}, {"chunk_id": "1517749fa4403c87", "content": "a deduction from total equity, until they are cancelled, sold or reissued. When treasury shares are sold or reissued subsequently, the amount received is recognized as an increase in equity, and the resulting surplus or deficit on the transaction is transferred to/from Share premium. Description of reserves Retained earnings represent the amount of accumulated earnings of the Group. The amount received in excess of the par value of equity shares has been classified as share premium. Additionally, share-based compensation recognized in net profit in the condensed consolidated statement of comprehensive income is credited to share premium. Amounts have been utilized for bonus issue and share buyback from share premium account. The Special Economic Zone Re-investment reserve has been created out of the profit of the eligible SEZ unit in terms of the provisions of Sec 10AA (1)(ii) of Income Tax Act, 1961. The reserve should be utilized by the Company for acquiring new plant and machinery for the purpose of its business in terms of the provisions of the Sec 10AA (2) of the Income Tax Act, 1961. Capital Redemption Reserve In accordance with section 69 of the Indian Companies Act, 2013, the Company creates capital redemption reserve equal to the nominal value of the shares bought back as an appropriation from general reserve / retained earnings. Cash flow hedge reserve", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 118, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "acfc52c316e32df2"}, {"chunk_id": "8eb32b57a990c19f", "content": "back as an appropriation from general reserve / retained earnings. Cash flow hedge reserve When a derivative is designated as a cash flow hedging instrument, the effective portion of changes in the fair value of the derivative is recognized in other comprehensive income and accumulated in the cash flow hedging reserve. The cumulative gain or loss previously recognized in the cash flow hedging reserve is transferred to the net profit in the interim condensed consolidated Statement of Comprehensive Income upon the occurrence of the related forecasted transaction. Other components of equity Other components of equity include currency translation, re-measurement of net defined benefit liability/asset, fair value changes of equity instruments fair valued through other comprehensive income, changes on fair valuation of investments, net of taxes. Each holder of equity shares is entitled to one vote per share. The equity shares represented by American Depositary Shares (ADS) carry similar rights to voting and dividends as the other equity shares. Each ADS represents one underlying equity share. In the event of liquidation of the company, the holders of shares shall be entitled to receive any of the remaining assets of the company, after distribution of all preferential amounts. However, no such preferential amounts exist currently, other than the amounts held by irrevocable controlled trusts. The amount distributed", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 118, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "acfc52c316e32df2"}, {"chunk_id": "1ea0f4d3c5276150", "content": "preferential amounts. However, no such preferential amounts exist currently, other than the amounts held by irrevocable controlled trusts. The amount distributed will be in proportion to the number of equity shares held by the shareholders. For irrevocable controlled trusts, the corpus would be settled in favor of the beneficiaries. There are no voting, dividend or liquidation rights to the holders of options issued under the company's share option plans. 2.18.4 Share capital and share premium The Company has only one class of shares referred to as equity shares having a par value of ₹5/- each. 9,091,403 shares and 9,655,927 shares were held by controlled trust, as at September 30, 2025 and March 31, 2025, respectively. 2.18.5 Capital allocation policy", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 118, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "acfc52c316e32df2"}, {"chunk_id": "f5417c055bf06d37", "content": "Effective fiscal 2025, the Company expects to continue its policy of returning approximately 85% of the free cash flow cumulatively over a 5-year period through a combination of semi-annual dividends and/or share buyback/ special dividends subject to applicable laws and requisite approvals, if any. Under this policy, the Company expects to progressively increase its annual dividend per share (excluding special dividend if any). Free cash flow is defined as net cash provided by operating activities less capital expenditure as per the consolidated statement of cash flows prepared under IFRS. Dividend and buyback include applicable taxes. Update on buyback announced in September 2025 The Board, at its meeting on September 11, 2025, approved a proposal for the Company to buyback its fully paid-up equity shares of face value of ₹5/- each from the eligible equity shareholders of the Company for an amount of ₹18,000 crore, subject to shareholders' approval by way of Postal Ballot. The Buyback offer if approved by shareholders would comprise a purchase of 10,00,00,000 Equity Shares comprising approximately 2.41% of the total paid-up equity share capital of the Company as of June 30, 2025 (on standalone basis) at a price of ₹1,800 per Equity share. The buyback is proposed to be made from all eligible equity shareholders (including", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 119, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "56e3330b826fda90"}, {"chunk_id": "12a85427d6114707", "content": "as of June 30, 2025 (on standalone basis) at a price of ₹1,800 per Equity share. The buyback is proposed to be made from all eligible equity shareholders (including those who become equity shareholders as on the Record date by cancelling American Depository Shares and withdrawing underlying Equity shares) of the Company as on the Record Date (to be determined by the Board/ Buyback Committee) on a proportionate basis through the \"Tender offer\" route. The Company has sent out a notice to its shareholders as of September 26, 2025 seeking the approval of the shareholders through postal ballot. The voting for this postal ballot is expected to end on November 4, 2025. The Company’s objective when managing capital is to safeguard its ability to continue as a going concern and to maintain an optimal capital structure so as to maximize shareholder value. In order to maintain or achieve an optimal capital structure, the Company may adjust the amount of dividend payment, return capital to shareholders, issue new shares or buy back issued shares. As of September 30, 2025, the Company has only one class of equity shares and has no debt. Consequent to the above capital structure there are no externally imposed capital requirements. The final dividend on shares is recorded as a liability on the date of approval by the shareholders and interim dividends are recorded as a liability on the date of", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 119, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "56e3330b826fda90"}, {"chunk_id": "8af3db83b81d4c9d", "content": "The final dividend on shares is recorded as a liability on the date of approval by the shareholders and interim dividends are recorded as a liability on the date of declaration by the Company's Board of Directors. Income tax consequences of dividends on financial instruments classified as equity will be recognized according to where the entity originally recognized those past transactions or events that generated distributable profits. The Company declares and pays dividends in Indian rupees. Companies are required to pay / distribute dividend after deducting applicable taxes. The remittance of dividends outside India is governed by Indian law on foreign exchange and is also subject to withholding tax at applicable rates. The amount of per share dividend recognized as distribution to equity shareholders is as follows: 2025 2024 2025 2024 Final dividend for fiscal 2025 -                                 -                          22.00 - Special dividend for fiscal 2024 -                                 -                                -                            8.00 Final dividend for fiscal 2024 -                                 -                                -                          20.00 Particulars Six months ended September 30, Three months ended September 30,", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 119, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "56e3330b826fda90"}, {"chunk_id": "3ef50c59a78febc2", "content": "Final dividend for fiscal 2024 -                                 -                                -                          20.00 Particulars Six months ended September 30, Three months ended September 30, The Board of Directors in their meeting held on April 17, 2025 recommended a final dividend of ₹22/- per equity share for the financial year ended March 31, 2025. The same was approved by the shareholders at the Annual General Meeting (AGM) of the Company held on June 25, 2025 which resulted in a net cash outflow of ₹9,119 crore, excluding dividend paid on treasury shares. The final dividend was paid on June 30, 2025. The Board of Directors in their meeting held on October 16, 2025 declared an interim dividend of ₹23/- per equity share which would result in a net cash outflow of approximately ₹9,534 crore, excluding dividend paid on treasury shares. 2.19 Break-up of expenses and other income, net Gratuity and Pensions The Group provides for gratuity, a defined benefit retirement plan ('the Gratuity Plan') covering eligible employees majorly of Infosys and its Indian subsidiaries. The Gratuity Plan provides a lump-sum payment to vested employees at retirement, death, incapacitation or termination of employment, of an amount based on the respective employee's salary and the tenure of employment with the Group. The Company contributes Gratuity liabilities to the Infosys Limited Employees' Gratuity Fund Trust (the Trust).", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 119, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "56e3330b826fda90"}, {"chunk_id": "6874600a9715cef3", "content": "amount based on the respective employee's salary and the tenure of employment with the Group. The Company contributes Gratuity liabilities to the Infosys Limited Employees' Gratuity Fund Trust (the Trust). In case of Infosys BPM and EdgeVerve, contributions are made to the Infosys BPM Employees' Gratuity Fund Trust and EdgeVerve Systems Limited Employees' Gratuity Fund Trust, respectively. Trustees administer contributions made to the Trusts and contributions are invested in a scheme with the Life Insurance Corporation of India as permitted by Indian law. The Group operates defined benefit pension plan in certain overseas jurisdictions, in accordance with the local laws. These plans are managed by third party fund managers. The plans provide for periodic payouts after retirement and/or a lumpsum payment as set out in rules of each fund and includes death and disability benefits. The defined benefit plans require contributions which are based on a percentage of salary that varies depending on the age of the respective employees. Liabilities with regard to these defined benefit plans are determined by actuarial valuation, performed by an external actuary, at each Balance Sheet date using the projected unit credit method. These defined benefit plans expose the Group to actuarial risks, such as longevity risk, interest rate risk and market risk.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 119, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "56e3330b826fda90"}, {"chunk_id": "b5a3c45ca509d6dd", "content": "the projected unit credit method. These defined benefit plans expose the Group to actuarial risks, such as longevity risk, interest rate risk and market risk. The Group recognizes the net obligation of a defined benefit plan in its Balance Sheet as an asset or liability. Gains and losses through re-measurements of the net defined benefit liability / (asset) are recognized in other comprehensive income and are not reclassified to profit or loss in subsequent periods. The actual return of the portfolio of plan assets, in excess of the yields computed by applying the discount rate used to measure the defined benefit obligation is recognized in other comprehensive income. The effect of any plan amendments is recognized in net profit in the Consolidated Statement of Comprehensive Income.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 119, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "56e3330b826fda90"}, {"chunk_id": "acb8bd77c6642154", "content": "Eligible employees of Infosys receive benefits from a provident fund, which is a defined benefit plan. Both the eligible employee and the Company make monthly contributions to the provident fund plan equal to a specified percentage of the covered employee's salary. The Company contributes a portion to the Infosys Limited Employees' Provident Fund Trust. The trust invests in specific designated instruments as permitted by Indian law. The remaining portion is contributed to the government administered pension fund. The rate at which the annual interest is payable to the beneficiaries by the trust is being administered by the Government of India. The Company has an obligation to make good the shortfall, if any, between the return from the investments of the trust and the notified interest rate. In respect of Indian subsidiaries, eligible employees receive benefits from a provident fund, which is a defined contribution plan. Both the eligible employee and the respective companies make monthly contributions to this provident fund plan equal to a specified percentage of the covered employee's salary. Amounts collected under the provident fund plan are deposited in a government administered provident fund. The Companies have no further obligation to the plan beyond its monthly contributions. Certain employees of Infosys, Infosys BPM and EdgeVerve are participants in a defined contribution plan.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 121, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4877b57fec4af24e"}, {"chunk_id": "2534f7c07bac9619", "content": "The Companies have no further obligation to the plan beyond its monthly contributions. Certain employees of Infosys, Infosys BPM and EdgeVerve are participants in a defined contribution plan. The Group has no further obligations to the plan beyond its monthly contributions which are periodically contributed to a trust fund, the corpus of which is invested with the Life Insurance Corporation of India. The Group has a policy on compensated absences which are both accumulating and non-accumulating in nature. The expected cost of accumulating compensated absences is determined by actuarial valuation performed by an external actuary at each Balance Sheet date using projected unit credit method on the additional amount expected to be paid/availed as a result of the unused entitlement that has accumulated at the Balance Sheet date. Expense on non- accumulating compensated absences is recognized in the period in which the absences occur. Other income is comprised primarily of interest income, dividend income, gain/loss on investment and exchange gain/loss on forward and options contracts and on translation of foreign currency assets and liabilities. Interest income is recognized using the effective interest method. Dividend income is recognized when the right to receive payment is established. The functional currency of Infosys, its Indian subsidiaries and controlled trusts is the Indian rupee. The functional currencies for foreign", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 121, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4877b57fec4af24e"}, {"chunk_id": "6f6494d68fb73c43", "content": "The functional currency of Infosys, its Indian subsidiaries and controlled trusts is the Indian rupee. The functional currencies for foreign subsidiaries are their respective local currencies. These financial statements are presented in Indian rupees (rounded off to crore; one crore equals ten million). Transactions and translations Foreign-currency denominated monetary assets and liabilities are translated into the relevant functional currency at exchange rates in effect at the Balance Sheet date. The gains or losses resulting from such translations are recognized in the interim condensed Consolidated Statement of Comprehensive Income and reported within exchange gains/ (losses) on translation of assets and liabilities, net, except when deferred in Other Comprehensive Income as qualifying cash flow hedges. Non-monetary assets and non-monetary liabilities denominated in a foreign currency and measured at fair value are translated at the exchange rate prevalent at the date when the fair value was determined. Non-monetary assets and non-monetary liabilities denominated in a foreign currency and measured at historical cost are translated at the exchange rate prevalent at the date of transaction. The related revenue and expense are recognized using the same exchange rate. Transaction gains or losses realized upon settlement of foreign currency transactions are included in determining net profit for the period in", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 121, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4877b57fec4af24e"}, {"chunk_id": "813e0fbaaa22340c", "content": "Transaction gains or losses realized upon settlement of foreign currency transactions are included in determining net profit for the period in which the transaction is settled. Revenue, expense and cash-flow items denominated in foreign currencies are translated into the relevant functional currencies using the exchange rate in effect on the date of the transaction. The translation of financial statements of the foreign subsidiaries to the presentation currency is performed for assets and liabilities using the exchange rate in effect at the Balance Sheet date and for revenue, expense and cash-flow items using the average exchange rate for the respective periods. The gains or losses resulting from such translation are included in currency translation reserves under other components of equity. When a subsidiary is disposed off, in full, the relevant amount is transferred to net profit in the statement of comprehensive income. However when a change in the parent's ownership does not result in loss of control of a subsidiary, such changes are recorded through equity. Other Comprehensive Income, net of taxes includes translation differences on non-monetary financial assets measured at fair value at the reporting date, such as equities classified as financial instruments and measured at fair value through other comprehensive income (FVOCI).", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 121, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4877b57fec4af24e"}, {"chunk_id": "f7def2e4edbd25c1", "content": "reporting date, such as equities classified as financial instruments and measured at fair value through other comprehensive income (FVOCI). Goodwill and fair value adjustments arising on the acquisition of a foreign entity are treated as assets and liabilities of the foreign entity and translated at the exchange rate in effect at the Balance Sheet date. The Group recognizes government grants only when there is reasonable assurance that the conditions attached to them will be complied with, and the grants will be received. Government grants related to assets are treated as deferred income and are recognized in the net profit in the statement of comprehensive income on a systematic and rational basis over the useful life of the asset. Government grants related to revenue are recognized on a systematic basis in the statement of comprehensive income over the periods necessary to match them with the related costs which they are intended to compensate. Operating profit of the Group is computed considering the revenues, net of cost of sales, selling and marketing expenses and administrative expenses. The table below provides details of break-up of expenses: Three months ended September 30, Six months ended September 30, 2025 2024 2025 2024 Employee benefit costs 20,960 19,395 41,405 38,218 Depreciation and amortization 1,182 1,160 2,323 2,310 Travelling costs 345 307 668 630 Cost of technical sub-contractors 3,879 3,190 7,376 6,359", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 121, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4877b57fec4af24e"}, {"chunk_id": "8a3429c1c553bdde", "content": "2025 2024 2025 2024 Employee benefit costs 20,960 19,395 41,405 38,218 Depreciation and amortization 1,182 1,160 2,323 2,310 Travelling costs 345 307 668 630 Cost of technical sub-contractors 3,879 3,190 7,376 6,359 Cost of software packages for own use 640 581 1,278 1,140 Third party items bought for service delivery to clients 3,332 3,337 6,403 6,203 Consultancy and professional charges (5) 65 - 174 Communication costs 86 84 154 155 Repairs and maintenance 152 116 299 239 Provision for post-sales client support 81                       134                        (97)                         26 Others 148                       105                       216 197 Total 30,800 28,474 60,025 55,651 Selling and marketing expenses", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 121, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4877b57fec4af24e"}, {"chunk_id": "ffac88850248a33e", "content": "2025 2024 2025 2024 Employee benefit costs 1,671 1,455 3,277 2,871 Travelling costs 131 96 261 199 Branding and marketing 288 253 675 603 Communication costs 4 3 6 6 Consultancy and professional charges 90 41 142 74 Others 40 7 70 39 Total 2,224                    1,855                    4,431                    3,792 Three months ended September 30, Six months ended September 30, Administrative expenses Three months ended September 30, Six months ended September 30, 2025 2024 2025 2024 Employee benefit costs 807 714 1,602 1,409 Consultancy and professional charges 395 345 801 647 Repairs and maintenance 284 261 547 519 Power and fuel 60 58 114 122 Communication costs 70 82 143 155 Travelling costs 63 55 126 107 Impairment loss recognized/(reversed) under expected credit loss model (1)                         99                         34 95 Rates and taxes 83 90 170 207 Insurance charges 85 76 162 149 Commission to non-whole time directors 5 4 9 8 Contribution towards Corporate Social Responsibility 148 158 265 329 Others 114                         66                       183 173 Total 2,113                    2,008                    4,156                    3,920 Other income for the three months and six months ended September 30, 2025 and September 30, 2024 is as follows: 2025 2024 2025 2024 491                       373                       980                       710", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 121, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "13aabebda52536cb"}, {"chunk_id": "f108ce59f03c49e5", "content": "2025 2024 2025 2024 491                       373                       980                       710 242                       218                       574                       547 54                         72                       131                       181 Gain/(loss) on investments carried at fair value through other comprehensive income 2                           2                           1                           2 Gain/(loss) on investments carried at amortized cost 57 -                           81 - (678)                      (399)                  (1,350)                      (365) Three months ended September 30, Six months ended September 30, Interest income on financial assets carried at amortized cost Gain/(loss) on investments carried at fair value through profit or loss Interest income on financial assets carried at fair value through other comprehensive income Exchange gains / (losses) on forward and options contracts Exchange gains / (losses) on translation of other assets and liabilities Others 797                       386                    1,540                       388 17                         60                         67                         88 982                       712                    2,024                    1,551 for and on behalf of the Board of Directors of Infosys Limited Nandan M. Nilekani Salil Parekh Bobby Parikh Chairman Chief Executive Officer Director and Managing Director", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 121, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "13aabebda52536cb"}, {"chunk_id": "80f4fbd58e3bb437", "content": "[OCR] Deloitte Chartered Accountants Prestige Trade Tower; Level 19 46, Palace Road, High Grounds Haskins & Sells LLP Bengaluru-560 001 Karnataka; India Tel: +91 80 6188 6000 Fax: +91 80 6188 6011 INDEPENDENT AUDITOR'S REPORT To THE BOARD OF DIRECTORS OF INFOSYS LIMITED Report on the Audit of the Interim Condensed Standalone Financial Statements Opinion We have audited the accompanying interim condensed standalone financial statements of INFOSYS LIMITED (the Company\") , which comprise the Condensed Balance Sheet as at Loss   (including September 30 , 2025, the Condensed Statement of Profit and Other Comprehensive Income), for the three months and six months ended that date, the on Condensed Statement of Changes in Equity, and the Condensed Statement of Cash Flows for the six months ended on that date, and notes to the financial statements including summary of the material accounting policies and other explanatory information (hereinafter referred to as the \"interim condensed standalone financial statements In our opinion and to the best of our information and according to the explanations given to uS, the aforesaid interim condensed standalone financial statements give a true and fair view in conformity with Indian Accounting Standard 34 \"Interim Financial Reporting (\"Ind AS 34 prescribed under section 133 of the Companies Act, 2013 (the 'Act\") , read with relevant rules issued thereunder and other accounting principles generally accepted in India, of the state of", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 122, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ebf8b5d8714e4921"}, {"chunk_id": "1bd75de6a7a5d64e", "content": "(\"Ind AS 34 prescribed under section 133 of the Companies Act, 2013 (the 'Act\") , read with relevant rules issued thereunder and other accounting principles generally accepted in India, of the state of affairs of the Company as at September 30,2025, its profit and total comprehensive income for the three months and six months ended on that date, changes in equity and its cash flows for the six months ended on that date Basis for Opinion conducted audit of condensed standalone financial the interim statements We in our accordance with the Standards on Auditing (\"SAs\") specified under section 143(10) of the Act_ responsibilities Our under those Standards further described in the Auditor's are Responsibilities for the Audit of the Interim Condensed Standalone Financial Statements We are independent of the Company in accordance with the Code of section of our report: Ethics issued by the Institute of Chartered Accountants of India (\"ICAI\") together with the are  relevant to ethical that audit of the interim condensed standalone requirements our Act and the Rules made thereunder, and the financial statements under the provisions of we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI's Code of Ethics. We believe that the audit evidence obtained by US is sufficient and appropriate to provide condensed standalone basis for our audit opinion on the interim financial statements_", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 122, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ebf8b5d8714e4921"}, {"chunk_id": "0c5c7e030ff71793", "content": "ICAI's Code of Ethics. We believe that the audit evidence obtained by US is sufficient and appropriate to provide condensed standalone basis for our audit opinion on the interim financial statements_ Responsibilities of Management and Board of Directors for the Interim Condensed Standalone Financial Statements The Company's Board of Directors is responsible for the preparation and presentation of these interim condensed standalone financial statements that give a true and fair view of the financial position, financial performance, including total comprehensive income, changes in equity and other accounting principles cash flows of the Company in accordance with Ind AS 34 and This   responsibility maintenance generally  accepted includes of adequate India. also in accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and of appropriate accounting policies; making judgments and estimates application that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, the preparation and  presentation relevant of the interim to condensed standalone financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error. Marg Regd.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 122, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ebf8b5d8714e4921"}, {"chunk_id": "66758f42df0068db", "content": "records, the preparation and  presentation relevant of the interim to condensed standalone financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error. Marg Regd. Office: One International Center, Tower 3, 31st floor, Senapati Bapat Elphinstone Road (West); Mumbai-400 013, Maharashtra; India. Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identification No; AAB 8737", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 122, "section": "for the three months and six months ended September 30, 2025", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ebf8b5d8714e4921"}, {"chunk_id": "3b7fe9a4da00acae", "content": "[OCR] Deloitte Haskins & Sells LLP standalone financial statements, Board of Directors is condensed In preparing the interim going concern, disclosing, as Company's ability to continue as the responsible for assessing applicable, matters related to going concern and using the going concern basis of accounting operations, or unless Board of Directors either intends to liquidate the Company or to cease has no realistic alternative but to do so. The Board of Directors are also responsible for overseeing the Company's financial reporting process: Financial Condensed Standalone Auditor's   Responsibilities Audit of the Interim for the Statements the interim condensed assurance about whether Our objectives are to obtain reasonable standalone financial statements as a whole are free from material misstatement, whether due opinion: that includes Reasonable and to issue an auditor's report our to fraud or error; guarantee that an audit conducted in high level of assurance but is not assurance is accordance with SAS will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate_ could reasonably be expected to influence the economic decisions of users taken on the they basis of these interim condensed standalone financial statements As part of an audit in accordance with SAS, we exercise professional judgment and maintain professional scepticism throughout the audit: We also:", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 125, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8674c556933501b1"}, {"chunk_id": "077938cd0430798b", "content": "As part of an audit in accordance with SAS, we exercise professional judgment and maintain professional scepticism throughout the audit: We also: Identify and assess the risks of material misstatement of the interim condensed standalone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient ad appropriate to provide a basis for our opinion: The risk of not detecting a material misstatement resulting may involve collusion, from fraud is higher than for one resulting from error, as fraud forgery, intentional omissions, misrepresentations, or the override of internal control, Obtain an understanding of internal financial controls relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on effectiveness of such controls the reasonableness of accounting policies of used and the appropriateness Evaluate accounting estimates and related disclosures made by management basis of on the appropriateness of management's use of the going concern Conclude material uncertainty accounting and, based on the audit evidence obtained, whether significant doubt o the Company's exists related to events or conditions that may cast a going concern. If we conclude that a material uncertainty exists ability to continue as", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 125, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8674c556933501b1"}, {"chunk_id": "a7b0bce7674c8355", "content": "significant doubt o the Company's exists related to events or conditions that may cast a going concern. If we conclude that a material uncertainty exists ability to continue as we are required to draw attention in our auditor's report to the related disclosures in the interim condensed standalone financial statements or, if such disclosures are inadequate to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report: However, future events or conditions may cause the Company to cease to continue as going concern. of interim condensed structure and content the the overall presentation, Evaluate the interim the  disclosures, and whether financial   statements,  including standalone the underlying transactions and financial statements represent condensed  standalone events in a manner that achieves fair presentation: magnitude of misstatements in the interim condensed standalone financial Materiality is the statements that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the interim condensed standalone financial statements may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the condensed standalone financial the interim effect of identified misstatements in any statements. [OCR] Deloitte Haskins & Sells LLP", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 125, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8674c556933501b1"}, {"chunk_id": "bc80e2541f0b674d", "content": "the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the condensed standalone financial the interim effect of identified misstatements in any statements. [OCR] Deloitte Haskins & Sells LLP We also communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with to communicate with them all relevant ethical requirements regarding independence, and relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards_ For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm 's Registration No. 117366W/W-100018) d; Vikas Bagaria Partner (Membership No.060408) UDIN: Place: Bengaluru Date: October 16, 2025 Condensed Standalone Financial Statements under Indian Accounting Standards (Ind AS) for the three months and six months ended September 30, 2025 Condensed Balance Sheet……………………………………………………………………………………………………………1 Condensed Statement of Profit and Loss………………………………………………………………………………………….. 2 Condensed Statement of Changes in Equity………………………………………………………………………………………..3 Condensed Statement of Cash Flows………………………………………………………………………………………………….. 5", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 125, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8674c556933501b1"}, {"chunk_id": "7a0a8e70ea25303f", "content": "2 Condensed Statement of Changes in Equity………………………………………………………………………………………..3 Condensed Statement of Cash Flows………………………………………………………………………………………………….. 5 Overview and Notes to the Interim Condensed Standalone Financial Statements 1.1 Company overview …………………………………………………………………………………………………………… 7 1.2 Basis of preparation of financial statements …………………………………………………………………………………………………………… 7 1.3 Use of estimates and judgments…………………………………………………………………………………………………………… 7 2. Notes to the Interim Condensed Financial Statements 1.4 Critical accounting estimates and judgements…………………………………………………………………………………………………………… 7 2.1 Property, plant and equipment…………………………………………………………………………………………………………… 9 2.2 Goodwill and intangible assets………………………………………………………………………………………… 11 2.3 Leases……………………………………………………………………………………………………………………….12 2.4 Investments………………………………………………………………………………………………………………..14 2.5 Loans………………………………………………………………………………………………………………………...16 2.6 Other financial assets…………………………………………………………………………………………………………. 16 2.7 Trade Receivables ………………………………………………………………………………………………………….16 2.8 Cash and cash equivalents…………………………………………………………………………………………………………. 17 2.9 Other assets……………………………………………………………………………………………………………… 17 2.10 Financial instruments…………………………………………………………………………………………………………. 18 2.11 Equity……………………………………………………………………………………………………………………..21 2.12 Other financial liabilities…………………………………………………………………………………………………………. 24", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 125, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8674c556933501b1"}, {"chunk_id": "866643d5629f2972", "content": "2.10 Financial instruments…………………………………………………………………………………………………………. 18 2.11 Equity……………………………………………………………………………………………………………………..21 2.12 Other financial liabilities…………………………………………………………………………………………………………. 24 2.13 Trade payables…………………………………………………………………………………………………………. 24 2.14 Other liabilities…………………………………………………………………………………………………………. 24 2.15 Provisions………………………………………………………………………………………………………………. 25 2.16 Income taxes……………………………………………………………………………………………………………. 25 2.17 Revenue from operations…………………………………………………………………………………………………………. 26 2.18 Other income, net………………………………………………………………………………………………………….28 2.19 Expenses……………………………………………………………………………………………………………….. 29 2.20 Earnings per equity share…………………………………………………………………………………………………………. 30 2.21 Contingent liabilities and commitments…………………………………………………………………………………………………………. 30 2.22 Related party transactions…………………………………………………………………………………………………………. 30", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 125, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8674c556933501b1"}, {"chunk_id": "da53d407966c0aad", "content": "2.23 Segment Reporting…………………………………………………………………………………………………………. 31 Condensed Balance Sheet as at ASSETS Note No. September 30, 2025 March 31, 2025 Property, plant and equipment 2.1 9,828                                                   10,070 Right-of-use assets 2.3 3,137                                                     3,078 Capital work-in-progress 1,089                                                        778 Goodwill 2.2 211                                                        211 Other intangible assets -                                                             - Financial assets Investments 2.4 28,029                                                   27,371 Loans 2.5 9                                                          26 Other financial assets 2.6 2,525                                                     2,350 Deferred tax assets (net) 2.16 816                                                        497 Income tax assets (net) 2.16 1,485                                                     1,164 Other non-current assets 2.9 2,118                                                     2,223 Total non-current assets 49,247                                                   47,768 Investments 2.4 10,944                                                   11,147 Trade receivables 2.7 29,215                                                   26,413 Cash and cash equivalents 2.8 20,409                                                   14,265 Loans 2.5", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 127, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d4bf1cb4bda57571"}, {"chunk_id": "48fe4458e612fce3", "content": "Trade receivables 2.7 29,215                                                   26,413 Cash and cash equivalents 2.8 20,409                                                   14,265 Loans 2.5 192                                                        207 Other financial assets 2.6 13,647                                                   12,569 Income tax assets (net) 2.16 -                                                       2,949 Other current assets 2.9 9,863                                                     9,618 84,270                                                   77,168 133,517                                                 124,936 EQUITY AND LIABILITIES Equity share capital 2.11 2,077                                                     2,076 Other equity 90,481                                                   85,256 Total equity 92,558                                                   87,332 LIABILITIES Non-current liabilities Financial liabilities Lease liabilities 2.3 2,950                                                     2,694 Other financial liabilities 2.12 2,008                                                     1,991 Deferred tax liabilities (net) 914                                                     1,062 Other non-current liabilities 2.14 153                                                          95 Total non - current liabilities 6,025                                                     5,842 Financial liabilities Lease liabilities 2.3", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 127, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d4bf1cb4bda57571"}, {"chunk_id": "ef4f128e158fc674", "content": "2.14 153                                                          95 Total non - current liabilities 6,025                                                     5,842 Financial liabilities Lease liabilities 2.3 849                                                        765 Trade payables 2.13 Total outstanding dues of micro enterprises and small enterprises 4                                                            8 Total outstanding dues of creditors other than micro enterprises and small enterprises 2,808                                                     2,720 Other financial liabilities 2.12 15,346                                                   14,101 Other current liabilities 2.14 9,819                                                     9,159 Provisions 2.15 1,121                                                        993 Income tax liabilities (net) 4,987                                                     4,016 34,934                                                   31,762 Total equity and liabilities 133,517                                                 124,936 The accompanying notes form an integral part of the interim condensed standalone financial statements. Total current liabilities As per our report of even date attached for  Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited Chartered Accountants Firm's Registration No: 117366W/W-100018 Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 127, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d4bf1cb4bda57571"}, {"chunk_id": "98ffddb49a0d1896", "content": "for and on behalf of the Board of Directors of Infosys Limited Chartered Accountants Firm's Registration No: 117366W/W-100018 Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director Membership No. 060408 DIN: 00041245 and Managing Director DIN: 00019437 DIN: 01876159 Jayesh Sanghrajka A.G.S. Manikantha Bengaluru Chief Financial Officer Company Secretary October 16, 2025 Membership No. A21918 (In ₹ crore except equity share and per equity share data) Condensed Statement of Profit and Loss for the Note No. 2025 2024 2025 2024 Revenue from operations 2.17 36,907                            34,257                            72,182                            67,540 Other income, net 2.18 2,268                              1,737                              3,151                              2,458 Three months ended September 30, Six months ended September 30, Total income 39,175                            35,994                            75,333                            69,998", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 127, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d4bf1cb4bda57571"}, {"chunk_id": "0f5036b2fafd1ee7", "content": "Expenses Employee benefit expenses 2.19 18,074                            16,864                            35,746                            33,359 Cost of technical sub-contractors 5,613                              4,751                            10,821                              9,583 Travel expenses 422                                354                                814                                725 Cost of software packages and others 2.19 2,294                              2,380                              4,511                              4,497 Communication expenses 113                                125                                212                                229 Consultancy and professional charges 449                                299                                841                                565 Depreciation and amortization expenses 595                                670                              1,209                              1,368 Finance cost 52                                  61                                108                                120 Other expenses 2.19 1,094                              1,083                              1,941                              2,017 Total expenses 28,706                            26,587                            56,203                            52,463 Profit before tax", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 128, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d691b0f6ffe3a249"}, {"chunk_id": "c0441a283c68e643", "content": "Total expenses 28,706                            26,587                            56,203                            52,463 Profit before tax 10,469                              9,407                            19,130                            17,535 Tax expense: Profit for the period 7,759                              6,813                            13,874                            12,581 Current tax 2.16 2,991                              2,956                              5,752                              5,643 Deferred tax 2.16 (281)                               (362)                               (496)                               (689) Other comprehensive income Items that will not be reclassified subsequently to profit or loss Remeasurement of the net defined benefit liability/asset, net (38) 81                                 (99) 100 Equity instruments through other comprehensive income, net (8)                                   (9) 27                                    5 Items that will be reclassified subsequently to profit or loss Fair value changes on derivatives designated as cash flow hedge, net -                                 (21) 6                                 (24) Fair value changes on investments, net (34) 83                                  88                                119 Total other comprehensive income/ (loss), net of tax (80) 134                                  22                                200", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 128, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d691b0f6ffe3a249"}, {"chunk_id": "f0569efb59b22aba", "content": "83                                  88                                119 Total other comprehensive income/ (loss), net of tax (80) 134                                  22                                200 Total comprehensive income for the period 7,679                              6,947                            13,896                            12,781 Earnings per equity share Equity shares of par value ₹5/- each Basic (in ₹ per share) 18.68                              16.41                              33.40                              30.30 Diluted (in ₹ per share) 18.66                              16.38                              33.36                              30.25 Weighted average equity shares used in computing earnings per equity share Basic (in shares) 2.20 4,154,305,830                4,152,049,056                4,153,876,776                4,151,564,079 Diluted (in shares) 2.20 4,158,998,839                4,159,157,472                4,159,090,316                4,158,951,829 The accompanying notes form an integral part of the interim condensed standalone financial statements. As per our report of even date attached for Deloitte Haskins & Sells LLP Chartered Accountants for and on behalf of the Board of Directors of Infosys Limited Firm's Registration No: 117366W/W-100018 Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director Membership No. 060408 DIN: 00041245", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 128, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d691b0f6ffe3a249"}, {"chunk_id": "8dcba56c87b7ced3", "content": "Firm's Registration No: 117366W/W-100018 Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director Membership No. 060408 DIN: 00041245 and Managing Director DIN: 00019437 DIN: 01876159 Bengaluru Chief Financial Officer Company Secretary Jayesh Sanghrajka A.G.S. Manikantha October 16, 2025 Membership No. A21918 Condensed Statement of Changes in Equity (In ₹ crore) Particulars Securities Premium Capital reserve Retained earnings Total equity attributable Other comprehensive income Special Economic through other comprehensive to equity holders of the Balance as at April 1, 2024 2,075              54              2,862                  169                  580             62,551                  162                  913             11,787 279                              6                          (262)                                 81,176 Changes in equity for the six months ended September 30, 2024", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 128, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d691b0f6ffe3a249"}, {"chunk_id": "6d29b7fb85b17942", "content": "Profit for the period -                 -                      -                       -                       -               12,581 -                       -                       - -                              -                                 -                                   12,581 Remeasurement of the net defined benefit liability/asset, net* -                 -                      -                       -                       -                       -                       -                       -                       - -                              -                              100                                      100 Equity instruments through other comprehensive income, net* -                 -                      -                       -                       -                       -                       -                       -                       -                                  5 -                                 -                                            5 Fair value changes on derivatives designated as cash flow hedge, net* -                 -                      -                       -                       -                       -                       -                       -                       - -                           (24) -                                        (24) Fair value changes on investments, net*", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 129, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b822601c69bf3b6d"}, {"chunk_id": "3701ce077bcd8759", "content": "-                           (24) -                                        (24) Fair value changes on investments, net* -                 -                      -                       -                       -                       -                       -                       -                       - -                              -                              119                                      119 Total comprehensive income for the period -                 -                      -                       -                       -               12,581 -                       -                       -                                  5                          (24)                            219                                 12,781 Transferred from Special Economic Zone Re-investment reserve on utilization -                 -                      -                       -                       -                    205 -                       -                   (205) -                              -                                 -                                           - Transferred from Special Economic Zone Re-investment reserve to retained earnings -                 -                      -                       -                       -                 2,998 -                       -               (2,998)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 129, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b822601c69bf3b6d"}, {"chunk_id": "269b242bbdae8c8f", "content": "-                 -                      -                       -                       -                 2,998 -                       -               (2,998) -                              -                                 -                                           - Transferred on account of exercise of stock options (Refer to note 2.11) -                 -                      -                       -                    233 -                       -                   (233) - -                              -                                 -                                           - Transferred on account of options not exercised -                 -                      -                       -                       -                       -                      19                   (19) - -                              -                                 -                                           - Shares issued on exercise of employee stock options (Refer to note 2.11) 1 -                      -                       -                        2 -                       -                       -                       - -                              -                                 -                                            3 Employee stock compensation expense (Refer to note 2.11)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 129, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b822601c69bf3b6d"}, {"chunk_id": "fe36ed9df9987b71", "content": "-                              -                                 -                                            3 Employee stock compensation expense (Refer to note 2.11) -                 -                      -                       -                       -                       -                       -                    408 - -                              -                                 -                                        408 Income tax benefit arising on exercise of stock options -                 -                      -                       -                       -                       -                       -                        6 - -                              -                                 -                                            6 Dividends -                 -                      -                       -                       -            (11,625) -                       -                       - -                              -                                 -                                (11,625) Balance as at September 30, 2024 2,076              54              2,862                  169                  815             66,710                  181               1,075               8,584 284                          (18)                             (43)                                 82,749 Condensed Statement of Changes in Equity (contd.) (In ₹ crore) Particulars", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 129, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b822601c69bf3b6d"}, {"chunk_id": "7932d49561cf5fad", "content": "284                          (18)                             (43)                                 82,749 Condensed Statement of Changes in Equity (contd.) (In ₹ crore) Particulars Other comprehensive income Other Equity Reserves & Surplus Capital reserve General reserve Capital redemption through other comprehensive Total equity attributable to equity holders of the Balance as at April 1, 2025 2,076              54              2,862                  169               1,054             71,520                  359               1,069               8,041 298                          (18)                          (152)                                 87,332 Changes in equity for the six months ended September 30, 2025 Profit for the period -                 -                      -                       -                       -               13,874 -                       -                       - -                              -                                 -                                   13,874", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 129, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b822601c69bf3b6d"}, {"chunk_id": "731d05cb7c18ac57", "content": "Remeasurement of the net defined benefit liability/asset, net* -                 -                      -                       -                       -                       -                       -                       -                       - -                              -                               (99)                                      (99) Equity instruments through other comprehensive income, net* -                 -                      -                       -                       -                       -                       -                       -                       -                                27 -                                 -                                          27 Fair value changes on derivatives designated as cash flow hedge, net* -                 -                      -                       -                       -                       -                       -                       -                       - -                                6 -                                            6 Fair value changes on investments, net* -                 -                      -                       -                       -                       -                       -                       -                       - -                              -                                88                                        88 Total comprehensive income for the period", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 130, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1185d55de6d314ac"}, {"chunk_id": "01a28d35262679d4", "content": "-                              -                                88                                        88 Total comprehensive income for the period -                 -                      -                       -                       -               13,874 -                       -                       -                                27                              6                             (11)                                 13,896 Transferred from Special Economic Zone Re-investment reserve on utilization -                 -                      -                       -                       -                    408 -                       -                   (408) -                              -                                 -                                           - Transferred from Special Economic Zone Re-investment reserve to retained earnings -                 -                      -                       -                       -                 1,957 -                       -               (1,957) -                              -                                 -                                           - Transferred on account of exercise of stock options (Refer to note 2.11) -                 -                      -                       -                    221 -                       -                   (221) -", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 130, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1185d55de6d314ac"}, {"chunk_id": "d53e06f392587cf7", "content": "-                 -                      -                       -                    221 -                       -                   (221) - -                              -                                 -                                           - Transferred on account of options not exercised -                 -                      -                       -                       -                       -                      62                   (62) - -                              -                                 -                                           - Shares issued on exercise of employee stock options (Refer to note 2.11) 1 -                      -                       -                       -                       -                       -                       -                       - -                              -                                 -                                            1 Employee stock compensation expense (Refer to note 2.11) -                 -                      -                       -                       -                       -                       -                    463 - -                              -                                 -                                        463 Income tax benefit arising on exercise of stock options", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 130, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1185d55de6d314ac"}, {"chunk_id": "59743a42b587bd7a", "content": "- -                              -                                 -                                        463 Income tax benefit arising on exercise of stock options -                 -                      -                       -                       -                       -                       -                        5 - -                              -                                 -                                            5 Dividends -                 -                      -                       -                       -               (9,139) -                       -                       - -                              -                                 -                                  (9,139) Balance as at September 30, 2025 2,077              54              2,862                  169               1,275             78,620                  421               1,254               5,676 325                          (12)                          (163)                                 92,558 (1)The Special Economic Zone Re-investment Reserve has been created out of the profit of eligible SEZ units in terms of the provisions of Sec 10AA(1)(ii) of Income Tax Act, 1961. The reserve should be utilized by the Company for acquiring new plant and machinery for the purpose of its business in the terms of the Sec 10AA(2) of the Income Tax Act, 1961.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 130, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1185d55de6d314ac"}, {"chunk_id": "fed5081301012107", "content": "The reserve should be utilized by the Company for acquiring new plant and machinery for the purpose of its business in the terms of the Sec 10AA(2) of the Income Tax Act, 1961. (2)Profit / loss on transfer of business between entities under common control taken to reserve. The accompanying notes form an integral part of the interim condensed standalone financial statements. As per our report of even date attached for Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited Chartered Accountants Firm's Registration No: 117366W/W-100018 Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director Membership No. 060408 DIN: 00041245 and Managing Director DIN: 00019437 DIN: 01876159 Jayesh Sanghrajka A.G.S. Manikantha Bengaluru Chief Financial Officer Company Secretary October 16, 2025 Membership No. A21918 Condensed Standalone Statement of Cash Flows Cash flows are reported using the indirect method, whereby profit for the period is adjusted for the effects of transactions of a non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments and item of income or expenses associated with investing or financing cash flows. The cash flows from operating, investing and financing activities of the Company are segregated. The Company considers all highly liquid investments that are readily convertible to known amounts of cash to be cash equivalents. (In ₹ crore)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 130, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1185d55de6d314ac"}, {"chunk_id": "2b9c2fa8f92a4265", "content": "Cash flow from operating activities Profit for the period 13,874                      12,581 Adjustments to reconcile net profit to net cash provided by operating activities Depreciation and Amortization 1,209                        1,368 Income tax expense 2.16 5,256                        4,954 Impairment loss recognized / (reversed) under expected credit loss model 64                             67 Finance cost 108                           120 (2,702)                      (2,196) Stock compensation expense Interest and dividend income 419                           370 (103)                             19 324                             53 Other adjustments 370                           (75) Provision for post sale client support Exchange differences on translation of assets and liabilities, net Changes in assets and liabilities Trade receivables and unbilled revenue (4,047)                      (3,047) Loans, other financial assets and other assets (438)                         (568) Trade payables 84                           328 Other financial liabilities, other liabilities and provisions 2,191                        1,688 16,609                      15,662 Income taxes (paid)/received (2,145)                      (1,703) Cash generated from operations Net cash generated by operating activities 14,464                      13,959 Cash flow from investing activities Expenditure on property, plant and equipment (1,108)                         (651)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 132, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "20af1125ec361da3"}, {"chunk_id": "cff2ed4ad79f7c64", "content": "Net cash generated by operating activities 14,464                      13,959 Cash flow from investing activities Expenditure on property, plant and equipment (1,108)                         (651) Redemption of deposits placed with corporation Deposits placed with corporation (515)                         (467) 313                           284 Interest and dividend received 1,324                        1,014 Dividend received from subsidiary 1,398                        1,123 Loan given to subsidiaries -                            (10) Loan repaid by subsidiaries 10 - Payment of contingent consideration pertaining to acquisition of business (13) - Investment in subsidiaries (785)                      (4,348) Payment towards acquisition -                          (181) Receipt towards business transfer for entities under common control -                                 1 Payments to acquire investments Liquid mutual fund units (32,639)                    (30,198) Commercial papers (2,331)                      (2,077) Certificates of deposit (6,457)                      (1,811) Government Securities (531) - Non-convertible debentures (2,360)                      (1,051) Other investments (1)                             (1) Proceeds on sale of investments Liquid mutual fund units 29,792                      30,707 Commercial papers 4,300                        6,660 Certificates of deposit 5,207                        3,845 Non-convertible debentures 1,360                           890", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 132, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "20af1125ec361da3"}, {"chunk_id": "725958a9c8dfc8fd", "content": "29,792                      30,707 Commercial papers 4,300                        6,660 Certificates of deposit 5,207                        3,845 Non-convertible debentures 1,360                           890 Government Securities 3,165                           200 Tax free bonds and government bonds 1,269 - Net cash (used in) / generated from investing activities 1,398                        3,929 (In ₹ crore) Particulars Note No. Six months ended September 30, Payment of Lease Liabilities (445)                         (461) Shares issued on exercise of employee stock options 1                               3 Other payments (93)                           (75) Payment of dividends (9,142)                    (11,620) Cash flow from financing activities Net cash used in financing activities Net increase / (decrease) in cash and cash equivalents (9,679)                    (12,153) 6,183                        5,735 Effect of exchange rate changes on cash and cash equivalents (39)                             (9) Cash and cash equivalents at the beginning of the period 2.8 14,265                        8,191 Cash and cash equivalents at the end of the period 2.8 20,409                      13,917 Supplementary information: Restricted cash balance 2.8 56                             61 The accompanying notes form an integral part of the interim condensed standalone financial statements. As per our report of even date attached for  Deloitte Haskins & Sells LLP", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 132, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "20af1125ec361da3"}, {"chunk_id": "10e6a484a060f32b", "content": "56                             61 The accompanying notes form an integral part of the interim condensed standalone financial statements. As per our report of even date attached for  Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited Chartered Accountants Firm's Registration No: Vikas Bagaria Nandan M. Nilekani Salil Parekh Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Chief Executive Officer Director Membership No. 060408 DIN: 00041245 and Managing Director and Managing Director DIN: 00019437 DIN: 01876159 Jayesh Sanghrajka A.G.S. Manikantha Bengaluru Chief Financial Officer Company Secretary October 16, 2025 Membership No. A21918 Overview and Notes to the Interim Condensed Standalone Financial Statements Infosys Limited ('the Company' or Infosys) provides consulting, technology, outsourcing and next-generation digital services, to enable clients to execute strategies for their digital transformation. Infosys strategic objective is to build a sustainable organization that remains relevant to the agenda of clients, while creating growth opportunities for employees and generating profitable returns for investors. Infosys strategy is to be a navigator for our clients as they ideate, plan and execute on their journey to a digital future. The Company is a public limited company incorporated and domiciled in India and has its registered office at Electronics City, Hosur Road, Bengaluru 560100, Karnataka, India.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 132, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "20af1125ec361da3"}, {"chunk_id": "c65ee6ec1311a6c3", "content": "journey to a digital future. The Company is a public limited company incorporated and domiciled in India and has its registered office at Electronics City, Hosur Road, Bengaluru 560100, Karnataka, India. The company has its primary listings on the BSE Ltd. and National Stock Exchange of India Limited. The Company’s American Depositary Shares (ADS) representing equity shares are listed on the New York Stock Exchange (NYSE). The interim condensed standalone financial statements are approved for issue by the Company's Board of Directors on October 16, 2025. 1.2 Basis of preparation of financial statements", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 132, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "20af1125ec361da3"}, {"chunk_id": "8725c531b3f3abc8", "content": "These interim condensed standalone financial statements are prepared in compliance with Indian Accounting Standard (Ind AS) 34 Interim Financial Reporting, under the historical cost convention on accrual basis except for certain financial instruments which are measured at fair values and defined benefit liability/(asset) which is recognised at the present value of defined benefit obligation less fair value of plan assets, the provisions of the Companies Act, 2013 (''the Act'') and guidelines issued by the Securities and Exchange Board of India (SEBI). Accordingly, these interim condensed standalone financial statements do not include all the information required for a complete set of financial statements. These interim condensed standalone financial statements should be read in conjunction with the standalone financial statements and related notes included in the Company’s Annual Report for the year ended March 31, 2025. The Ind AS are prescribed under Section 133 of the Act read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules issued thereafter. Accounting policies have been consistently applied except where a newly issued accounting standard is initially adopted or a revision to an existing accounting standard requires a change in the accounting policy hitherto in use.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 133, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "dcf84540f88d40a9"}, {"chunk_id": "d5c37df85361c77e", "content": "standard requires a change in the accounting policy hitherto in use. The material accounting policy information used in preparation of the audited interim condensed standalone financial statements have been discussed in the respective notes. As the quarter and year-to-date figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures reported for the previous quarters might not always add up to the year-to-date figures reported in this statement. 1.3 Use of estimates and judgments The preparation of the interim condensed standalone financial statements in conformity with Ind AS requires the management to make estimates, judgments and assumptions. These estimates, judgments and assumptions affect the application of accounting policies and the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the interim condensed standalone financial statements and reported amounts of revenues and expenses during the period. The application of accounting policies that require critical accounting estimates involving complex and subjective judgments and the use of assumptions in these financial statements have been disclosed in Note no. 1.4. Accounting estimates could change from period to period. Actual results could differ from those estimates.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 133, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "dcf84540f88d40a9"}, {"chunk_id": "5f8a9f5a0f43bf9b", "content": "assumptions in these financial statements have been disclosed in Note no. 1.4. Accounting estimates could change from period to period. Actual results could differ from those estimates. Appropriate changes in estimates are made as management becomes aware of changes in circumstances surrounding the estimates. Changes in estimates and judgements are reflected in the interim condensed standalone financial statements in the period in which changes are made and, if material, their effects are disclosed in the notes to the interim condensed standalone financial statements. 1.4 Critical accounting estimates and judgments a. Revenue recognition The Company’s contracts with customers include promises to transfer multiple products and services to a customer. Revenues from customer contracts are considered for recognition and measurement when the contract has been approved, in writing, by the parties to the contract, the parties to contract are committed to perform their respective obligations under the contract, and the contract is legally enforceable. The Company assesses the services promised in a contract and identifies distinct performance obligations in the contract. Identification of distinct performance obligations to determine the deliverables and the ability of the customer to benefit", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 133, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "dcf84540f88d40a9"}, {"chunk_id": "03a8428b63ce9046", "content": "performance obligations in the contract. Identification of distinct performance obligations to determine the deliverables and the ability of the customer to benefit independently from such deliverables, and allocation of transaction price to these distinct performance obligations involves significant judgement. Fixed price maintenance revenue is recognized ratably on a straight-line basis when services are performed through an indefinite number of repetitive acts over a specified period. Revenue from fixed price maintenance contract is recognized ratably using a percentage of completion method when the pattern of benefits from the services rendered to the customer and Company’s costs to fulfil the contract is not even through the period of the contract because the services are generally discrete in nature and not repetitive. The use of method to recognize the maintenance revenues requires judgment and is based on the promises in the contract and nature of the deliverables. The Company uses the percentage-of-completion method in accounting for other fixed-price contracts. Use of the percentage-of-completion method requires the Company to determine the actual efforts or costs expended to date as a proportion of the estimated total efforts or costs to be incurred. Efforts or costs expended have been used to measure progress towards completion as there is a direct relationship between input and productivity.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 133, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "dcf84540f88d40a9"}, {"chunk_id": "c265270c4f137f6e", "content": "Efforts or costs expended have been used to measure progress towards completion as there is a direct relationship between input and productivity. The estimation of total efforts or costs involves significant judgement and is assessed throughout the period of the contract to reflect any changes based on the latest available information. Contracts with customers includes subcontractor services or third-party vendor equipment or software in certain integrated services arrangements. In these types of arrangements, revenue from sales of third-party vendor products or services is recorded net of costs when the Company is acting as an agent between the customer and the vendor, and gross when the Company is the principal for the transaction. In doing so, the Company first evaluates whether it obtains control of the specified goods or services before they are transferred to the customer. The Company considers whether it is primarily responsible for fulfilling the promise to provide the specified goods or services, inventory risk, pricing discretion and other factors to determine whether it controls the specified goods or services and therefore, is acting as a principal or an agent. Provisions for estimated losses, if any, on incomplete contracts are recorded in the period in which such losses become probable based on the estimated efforts or costs to complete the contract.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 133, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "dcf84540f88d40a9"}, {"chunk_id": "5a46c670c295dc5d", "content": "Provisions for estimated losses, if any, on incomplete contracts are recorded in the period in which such losses become probable based on the estimated efforts or costs to complete the contract. The Company's two major tax jurisdictions are India and the United States, though the Company also files tax returns in other overseas jurisdictions. Significant judgments are involved in determining the provision for income taxes, including amount expected to be paid/recovered for uncertain tax positions.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 133, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "dcf84540f88d40a9"}, {"chunk_id": "0013e32f4b2711fe", "content": "In assessing the realizability of deferred income tax assets, Management considers whether some portion or all of the deferred income tax assets will not be realized. The ultimate realization of deferred income tax assets is dependent upon the generation of future taxable income during the periods in which the temporary differences become deductible. Management considers the scheduled reversals of deferred income tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based on the level of historical taxable income and projections for future taxable income over the periods in which the deferred income tax assets are deductible, management believes that the company will realize the benefits of those deductible differences. The amount of the deferred income tax assets considered realizable, however, could be reduced in the near term if estimates of future taxable income during the carry forward period are reduced. (Refer to note 2.16). c. Property, plant and equipment Property, plant and equipment represent a significant proportion of the asset base of the Company. The charge in respect of periodic depreciation is derived after determining an estimate of an asset’s expected useful life and the expected residual value at the end of its life. The useful lives and residual values of Company's assets", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 134, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "76fcda063ec91522"}, {"chunk_id": "014cdc1174e05b85", "content": "determining an estimate of an asset’s expected useful life and the expected residual value at the end of its life. The useful lives and residual values of Company's assets are determined by the management at the time the asset is acquired and reviewed periodically, including at each financial year end. The lives are based on historical experience with similar assets as well as anticipation of future events, which may impact their life, such as changes in technology. (Refer to note 2.1). 2. Notes to the Interim Condensed Standalone Financial Statements 2.1 PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment are stated at cost, less accumulated depreciation and impairment, if any. Costs directly attributable to acquisition are capitalized until the property, plant and equipment are ready for use, as intended by the Management. The charge in respect of periodic depreciation is derived at after determining an estimate of an asset’s expected useful life and the expected residual value at the end of its life. The Company depreciates property, plant and equipment over their estimated useful lives using the straight-line method. The estimated useful lives of assets are as follows: Building(1) 22-25 years Plant and machinery(1) 5 years Office equipment 5 years Computer equipment(1) 3-5 years Furniture and fixtures(1) 5 years Vehicles(1) 5 years Leasehold improvements Lower of useful life of the asset or lease term", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 134, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "76fcda063ec91522"}, {"chunk_id": "31d405ced832174e", "content": "Building(1) 22-25 years Plant and machinery(1) 5 years Office equipment 5 years Computer equipment(1) 3-5 years Furniture and fixtures(1) 5 years Vehicles(1) 5 years Leasehold improvements Lower of useful life of the asset or lease term (1) Based on technical evaluation, the Management believes that the useful lives as given above best represent the period over which Management expects to use these assets. Hence, the useful lives for these assets is different from the useful lives as prescribed under Part C of Schedule II of the Companies Act 2013. Depreciation methods, useful lives and residual values are reviewed periodically, including at each financial year end. The useful lives are based on historical experience with similar assets as well as anticipation of future events, which may impact their life, such as changes in technology. Advances paid towards the acquisition of property, plant and equipment outstanding at each Balance Sheet date is classified as capital advances under other non-current assets and the cost of assets not ready to use before such date are disclosed under ‘Capital work-in-progress’. Subsequent expenditures relating to property, plant and equipment is capitalized only when it is probable that future economic benefits associated with these will flow to the Company and the cost of the item can be measured reliably. The cost and related accumulated depreciation are eliminated from the financial", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 134, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "76fcda063ec91522"}, {"chunk_id": "f1b5a820bea28038", "content": "economic benefits associated with these will flow to the Company and the cost of the item can be measured reliably. The cost and related accumulated depreciation are eliminated from the financial statements upon sale or retirement of the asset. Property, plant and equipment are evaluated for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value less cost to sell and the value-in-use) is determined on an individual asset basis unless the asset does not generate cash flows that are largely independent of those from other assets. In such cases, the recoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs. If such assets are considered to be impaired, the impairment to be recognized in the interim condensed Statement of Profit and Loss is measured by the amount by which the carrying value of the assets exceeds the estimated recoverable amount of the asset. An impairment loss is reversed in the condensed Statement of Profit and Loss if there has been a change in the estimates used to determine the recoverable amount. The carrying amount of the asset is increased to its revised recoverable amount, provided that this amount does not exceed the carrying amount that would have", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 134, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "76fcda063ec91522"}, {"chunk_id": "fd58d0135040bb72", "content": "determine the recoverable amount. The carrying amount of the asset is increased to its revised recoverable amount, provided that this amount does not exceed the carrying amount that would have been determined (net of any accumulated depreciation) had no impairment loss been recognized for the asset in prior years. The changes in the carrying value of property, plant and equipment for the three months ended  September 30, 2025 are as follows: Particulars Land- Freehold Buildings(1)(2) Plant and machinery(2) Computer equipment(2) Leasehold Improvements Vehicles Total Gross carrying value as at July 1, 2025 1,487 10,619 3,255 1,448 7,829 2,145 806 45      27,634 Additions 10 -                    11                   12                352               4                         3              1           393 Deletions* -                      -                   (5)                   (8)              (151)            (57) -             (3)         (224) Gross carrying value as at September 30, 2025 1,497             10,619             3,261              1,452             8,030         2,092                     809            43      27,803 Accumulated depreciation as at July 1, 2025 -              (5,063)            (2,923)            (1,213)            (6,065)       (1,828)                    (632)          (42)    (17,766) Depreciation", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 134, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "76fcda063ec91522"}, {"chunk_id": "70139bbb28cc7002", "content": "Accumulated depreciation as at July 1, 2025 -              (5,063)            (2,923)            (1,213)            (6,065)       (1,828)                    (632)          (42)    (17,766) Depreciation -                 (100)                (38)                 (25)              (215)            (35)                      (19)            (1)         (433) Accumulated depreciation on deletions* -                      -                      5                     8                151             57 -                3           224 Accumulated depreciation as at  September 30, 2025 -              (5,163)            (2,956)            (1,230)            (6,129)       (1,806)                    (651)          (40)    (17,975) Carrying value as at July 1, 2025 1,487               5,556                332                 235             1,764            317                     174              3        9,868", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 134, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "76fcda063ec91522"}, {"chunk_id": "5dc3b095d01450eb", "content": "Carrying value as at  September 30, 2025 1,497               5,456                305                 222             1,901            286                     158              3        9,828 The changes in the carrying value of property, plant and equipment for the three months ended September 30, 2024 are as follows: Particulars Land- Freehold Buildings(1)(2) Plant and machinery(2) Computer equipment(2) Leasehold Improvements Vehicles Total Gross carrying value as at July 1, 2024 1,430 10,656 3,231 1,380 7,357 2,150 948 45      27,197 Additions -                     10                  14                   35                131             17                       21 -            228 Deletions** -                      (6)                  (5)                 (14)                (90)            (13)                      (26) -          (154) Gross carrying value as at September 30, 2024 1,430             10,660             3,240              1,401             7,398         2,154                     943            45      27,271 Accumulated depreciation as at July 1, 2024 -              (4,671)            (2,777)            (1,161)            (5,630)       (1,737)                    (744)          (42)    (16,762) Depreciation -                 (101)                (45)                 (25)              (266)            (43)                      (35) -          (515) Accumulated depreciation on deletions**", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 135, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "da817bfe628eae6c"}, {"chunk_id": "7ecad8909b388366", "content": "Depreciation -                 (101)                (45)                 (25)              (266)            (43)                      (35) -          (515) Accumulated depreciation on deletions** -                       1                    5                   14                  86             13                       26 -            145 Accumulated depreciation as at September 30, 2024 -              (4,771)            (2,817)            (1,172)            (5,810)       (1,767)                    (753)          (42)    (17,132) Carrying value as at July 1, 2024 1,430               5,985                454                 219             1,727            413                     204              3      10,435 Carrying value as at September 30, 2024 1,430               5,889                423                 229             1,588            387                     190              3      10,139 The changes in the carrying value of property, plant and equipment for the six months ended  September 30, 2025 are as follows: Particulars Land- Freehold Buildings(1)(2) Plant and machinery(2) Computer equipment(2) Leasehold Improvements Vehicles Total Gross carrying value as at April 1, 2025 1,477             10,621             3,238              1,423             7,917         2,126                     781            46      27,629 Additions", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 135, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "da817bfe628eae6c"}, {"chunk_id": "04a14b9d871383c9", "content": "Vehicles Total Gross carrying value as at April 1, 2025 1,477             10,621             3,238              1,423             7,917         2,126                     781            46      27,629 Additions 20                     3                  30                   43                488             26                       28              1           639 Deletions** -                      (5)                  (7)                 (14)              (375)            (60) -             (4)         (465) Gross carrying value as at September 30, 2025 1,497             10,619             3,261              1,452             8,030         2,092                     809            43      27,803 Accumulated depreciation as at April 1, 2025 -              (4,964)            (2,888)            (1,195)            (6,062)       (1,796)                    (611)          (43)    (17,559) Depreciation -                 (200)                (75)                 (48)              (432)            (70)                      (40)            (1)         (866) Accumulated depreciation on deletions** -                       1                    7                   13                365             60 -                4           450 Accumulated depreciation as at  September 30, 2025 -              (5,163)            (2,956)            (1,230)            (6,129)       (1,806)                    (651)          (40)    (17,975)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 135, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "da817bfe628eae6c"}, {"chunk_id": "5b8b42c191e69d94", "content": "Accumulated depreciation as at  September 30, 2025 -              (5,163)            (2,956)            (1,230)            (6,129)       (1,806)                    (651)          (40)    (17,975) Carrying value as at April 1, 2025 1,477               5,657                350                 228             1,855            330                     170              3      10,070 Carrying value as at  September 30, 2025 1,497               5,456                305                 222             1,901            286                     158              3        9,828 *During the three months and six months ended September 30, 2025, certain assets which were not in use having gross book value of ₹210 crore (net book value: ₹Nil) and ₹410 crore (net book value: ₹Nil), respectively were retired. The changes in the carrying value of property, plant and equipment for the six months ended  September 30, 2024 are as follows: Particulars Land- Freehold Buildings(1)(2) Plant and machinery(2) Computer equipment(2) Leasehold Improvements Vehicles Total Gross carrying value as at April 1, 2024 1,430 10,679 3,214 1,370 7,379 2,160 963 45      27,240 Additions -                     24                  34                   48                248             26                       32              1           413 Deletions**", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 135, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "da817bfe628eae6c"}, {"chunk_id": "dfbbec30d0cf8315", "content": "3,214 1,370 7,379 2,160 963 45      27,240 Additions -                     24                  34                   48                248             26                       32              1           413 Deletions** -                    (43)                  (8)                 (17)              (229)            (32)                      (52)            (1)         (382) Gross carrying value as at September 30, 2024 1,430             10,660             3,240              1,401             7,398         2,154                     943            45      27,271 Accumulated depreciation as at April 1, 2024 -              (4,575)            (2,732)            (1,139)            (5,497)       (1,709)                    (733)          (42)    (16,427) Depreciation -                 (202)                (93)                 (50)              (537)            (89)                      (72)            (1)      (1,044) Accumulated depreciation on deletions** -                       6                    8                   17                224             31                       52              1           339 Accumulated depreciation as at  September 30, 2024 -              (4,771)            (2,817)            (1,172)            (5,810)       (1,767)                    (753)          (42)    (17,132) Carrying value as at April 1, 2024", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 135, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "da817bfe628eae6c"}, {"chunk_id": "d60ba7235d7e9aa2", "content": "-              (4,771)            (2,817)            (1,172)            (5,810)       (1,767)                    (753)          (42)    (17,132) Carrying value as at April 1, 2024 1,430               6,104                482                 231             1,882            451                     230              3      10,813 Carrying value as at  September 30, 2024 1,430               5,889                423                 229             1,588            387                     190              3      10,139 **During the three months and six months ended September 30, 2024, certain assets which were not in use having gross book value of ₹92 crore (net book value: ₹Nil) and ₹193 crore (net book value: ₹Nil), respectively were retired.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 135, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "da817bfe628eae6c"}, {"chunk_id": "31ae9e4fdc84b792", "content": "(1) Buildings include ₹250/- being the value of five shares of ₹50/- each in Mittal Towers Premises Co-operative Society Limited. (2) Includes certain assets provided on cancellable operating lease to subsidiaries. Repairs and maintenance costs are recognized in the condensed standalone statement of Profit and Loss when incurred. The aggregate depreciation has been included under depreciation and amortization expense in the condensed standalone statement of Profit and Loss. 2.2 GOODWILL AND INTANGIBLE ASSETS Following is a summary of changes in the carrying amount of goodwill: (In ₹ crore) Particulars Carrying value at the beginning 211                              211 September 30, 2025 March 31, 2025 Carrying value at the end 211                              211 2.2.2 Other Intangible Assets Intangible assets are stated at cost less accumulated amortization and impairment. Intangible assets are amortized over their respective individual estimated useful lives on a straight-line basis, from the date that they are available for use. The estimated useful life of an identifiable intangible asset is based on a number of factors including the effects of obsolescence, demand, competition, and other economic factors (such as the stability of the industry, and known technological advances), and the level of maintenance expenditures required to obtain the expected future cash flows from the asset.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 137, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "30185154335fdfa6"}, {"chunk_id": "6bba1fcf1fb435c6", "content": "industry, and known technological advances), and the level of maintenance expenditures required to obtain the expected future cash flows from the asset. Amortization methods and useful lives are reviewed periodically including at each financial year end. Research costs are expensed as incurred. Software product development costs are expensed as incurred unless technical and commercial feasibility of the project is demonstrated, future economic benefits are probable, the Company has an intention and ability to complete and use or sell the software and the costs can be measured reliably. The costs which can be capitalized include the cost of material, direct labor, overhead costs that are directly attributable to prepare the asset for its intended use. The Company as a lessee The Company’s lease asset classes primarily consist of leases for land, buildings and computers. The Company assesses whether a contract contains a lease, at inception of a contract. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, the Company assesses whether: (i) the contract involves the use of an identified asset (ii) the Company", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 137, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "30185154335fdfa6"}, {"chunk_id": "410df8856bf814ce", "content": "To assess whether a contract conveys the right to control the use of an identified asset, the Company assesses whether: (i) the contract involves the use of an identified asset (ii) the Company has substantially all of the economic benefits from use of the asset through the period of the lease and (iii) the Company has the right to direct the use of the asset. At the date of commencement of the lease, the Company recognizes a right-of-use asset (“ROU”) and a corresponding lease liability for all lease arrangements in which it is a lessee, except for leases with a term of twelve months or less (short-term leases) and low value leases. For these short-term and low value leases, the Company recognizes the lease payments as an operating expense on a straight-line basis over the term of the lease. As a lessee, the Company determines the lease term as the non-cancellable period of a lease adjusted with any option to extend or terminate the lease, if the use of such option is reasonably certain. The Company makes an assessment on the expected lease term on a lease-by-lease basis and thereby assesses whether it is reasonably certain that any options to extend or terminate the contract will be exercised. In evaluating the lease term, the Company considers factors such as any significant leasehold improvements undertaken over the", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 137, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "30185154335fdfa6"}, {"chunk_id": "4c707b3e4f6302cf", "content": "extend or terminate the contract will be exercised. In evaluating the lease term, the Company considers factors such as any significant leasehold improvements undertaken over the lease term, costs relating to the termination of the lease and the importance of the underlying asset to Infosys’s operations taking into account the location of the underlying asset and the availability of suitable alternatives. The lease term in future periods is reassessed to ensure that the lease term reflects the current economic circumstances. Certain lease arrangements include the options to extend or terminate the lease before the end of the lease term. ROU assets and lease liabilities includes these options when it is reasonably certain that they will be exercised. The right-of-use assets are initially recognized at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or prior to the commencement date of the lease plus any initial direct costs less any lease incentives. They are subsequently measured at cost less accumulated depreciation and impairment losses. Right-of-use assets are depreciated from the commencement date on a straight-line basis over the shorter of the lease term and useful life of the underlying asset. Right-of-use assets are evaluated for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 137, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "30185154335fdfa6"}, {"chunk_id": "22b900656f2187ee", "content": "Right-of-use assets are evaluated for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value less cost to sell and the value-in-use) is determined on an individual asset basis unless the asset does not generate cash flows that are largely independent of those from other assets. In such cases, the recoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs. The lease liability is initially measured at amortized cost at the present value of the future lease payments. The lease payments are discounted using the interest rate implicit in the lease or, if not readily determinable, using the incremental borrowing rates in the country of domicile of these leases. Lease liabilities are remeasured with a corresponding adjustment to the related right of use asset if the Company changes its assessment if whether it will exercise an extension or a termination option. Lease liability and ROU asset have been separately presented in the Balance Sheet and lease payments have been classified as financing cash flows. The Company as a lessor Leases for which the Company is a lessor is classified as a finance or operating lease. Whenever the terms of the lease transfer substantially all the risks and rewards of ownership to", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 137, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "30185154335fdfa6"}, {"chunk_id": "68710ab985af27da", "content": "The Company as a lessor Leases for which the Company is a lessor is classified as a finance or operating lease. Whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee, the contract is classified as a finance lease. All other leases are classified as operating leases. When the Company is an intermediate lessor, it accounts for its interests in the head lease and the sublease separately. The sublease is classified as a finance or operating lease by reference to the right-of-use asset arising from the head lease. For operating leases, rental income is recognized on a straight line basis over the term of the relevant lease. Following are the changes in the carrying value of right-of-use assets for the three months ended September 30, 2025: Particulars Total Land Buildings Computers Balance as at July 1, 2025 529                                 2,154                              518                          3,201 Category of ROU asset", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 137, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "30185154335fdfa6"}, {"chunk_id": "b8498828e9d94daf", "content": "Additions* -                                        64                                85                             149 Deletions -                                         -                                 (49)                              (49) Depreciation (1)                                   (101)                               (62)                            (164) Balance as at September 30, 2025 528                                 2,117                              492                          3,137 * Net of adjustments on account of modifications (In ₹ crore) Particulars Total Land Buildings Computers Balance as at July 1, 2024 533                                 2,237                              517                          3,287 Additions* -                                     (10)                              175                             165 Deletions -                                         -                                 (26)                              (26) Depreciation (1)                                    (94)                               (62)                            (157) Balance as at  September 30, 2024 532                                 2,133                              604                          3,269 Following are the changes in the carrying value of right-of-use assets for the three months ended  September 30, 2024: Category of ROU asset * Net of adjustments on account of modifications", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 139, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "04ff7d7ff737d5da"}, {"chunk_id": "eabdb43c90f6c11d", "content": "Following are the changes in the carrying value of right-of-use assets for the three months ended  September 30, 2024: Category of ROU asset * Net of adjustments on account of modifications Following are the changes in the carrying value of right-of-use assets for the six months ended September 30, 2025: (In ₹ crore) Particulars Total Land Buildings Computers Balance as at April 1, 2025 530                                 2,105                              443                          3,078 Additions* -                                      230                              286                             516 Deletions -                                       (1)                             (111)                            (112) Depreciation (2)                                   (217)                             (126)                            (345) Category of ROU asset Balance as at September 30, 2025 528                                 2,117                              492                          3,137 (In ₹ crore) Particulars Total Land Buildings Computers Balance as at April 1, 2024 534                                 2,266                              503                          3,303 Additions* -                                        78                              284                             362 Deletions -                                         -                                 (69)                              (69) Depreciation", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 139, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "04ff7d7ff737d5da"}, {"chunk_id": "484f742ea911b921", "content": "Deletions -                                         -                                 (69)                              (69) Depreciation (2)                                   (211)                             (114)                            (327) Following are the changes in the carrying value of right-of-use assets for the six months ended September 30, 2024: Category of ROU asset Balance as at September 30, 2024 532                                 2,133                              604                          3,269 * Net of adjustments on account of modifications The aggregate depreciation expense on ROU assets is included under depreciation and amortization expense in the interim condensed statement of Profit and Loss. The following is the break-up of current and non-current lease liabilities as at September 30, 2025 and March 31, 2025: September 30, 2025 March 31, 2025 Current lease liabilities 849                             765 Non-current lease liabilities 2,950                          2,694 Total 3,799                          3,459 (In ₹ crore) Particulars September 30, 2025 March 31, 2025 Non-current investments Equity instruments of subsidiaries 14,509                       13,724 Redeemable Preference shares of subsidiary 2,831                         2,831 Preference securities and equity securities 282                            251 Target maturity fund units 483                            465 Others 64                              61 Tax free bonds", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 139, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "04ff7d7ff737d5da"}, {"chunk_id": "968cc3c7da92e13d", "content": "Preference securities and equity securities 282                            251 Target maturity fund units 483                            465 Others 64                              61 Tax free bonds 409                         1,465 Government bonds -                                14 Non-convertible debentures 5,342                         3,320 Government Securities 4,109                         5,240 Total non-current investments 28,029                       27,371 Current investments Liquid mutual fund units 4,114                         1,185 Commercial Papers 1,551                         3,442 Certificates of deposit 4,596                         3,257 Tax free bonds 50                            154 Government bonds 15 - Government Securities 72                         1,560 Non-convertible debentures 546                         1,549 Total current investments 10,944                       11,147 Total carrying value 38,973                       38,518 (In ₹ crore, except as otherwise stated) Particulars September 30, 2025 March 31, 2025 Non-current investments Unquoted Investment carried at cost Investments in equity instruments of subsidiaries", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 139, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "04ff7d7ff737d5da"}, {"chunk_id": "b3a73972157228fb", "content": "Infosys BPM Limited 662                            662 33,828 (33,828) equity shares of ₹10,000/- each, fully paid up Infosys Technologies (China) Co. Limited 369                            369 Infosys Technologies, S. de R.L. de C.V., Mexico 65                              65 17,49,99,990 (17,49,99,990) equity shares of MXN 1 par value, fully paid up Infosys Technologies (Sweden) AB 76                              76 1,000 (1,000) equity shares of SEK 100 par value, fully paid Infosys Technologies (Shanghai) Company Limited 1,010                         1,010 Infosys Public Services, Inc. 99                              99 3,50,00,000 (3,50,00,000) shares of USD 0.50 par value, fully paid Infosys Consulting Holding AG 1,323                         1,323 23,350 (23,350) - Class A shares of CHF 1,000 each and 26,460 (26,460) - Class B Shares of CHF 100 each, fully paid up EdgeVerve Systems Limited 1,312                         1,312 1,31,18,40,000 (1,31,18,40,000) equity shares of ₹10/- each, fully paid up Infosys Nova Holdings LLC# 3,308                         3,017 Infosys Singapore Pte Ltd 4,821                         4,327 2,88,39,411 (2,73,19,411) shares Brilliant Basics Holding Limited 59                              59 1,346 (1,346) shares of GBP 0.005 each, fully paid up Infosys Arabia Limited 2                                2 70 (70) shares Panaya Inc. 582                            582 2 (2) shares of USD 0.01 per share, fully paid up Infosys Chile SpA", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 140, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "50b6bc68455f8500"}, {"chunk_id": "acb17aa4fafab561", "content": "Infosys Arabia Limited 2                                2 70 (70) shares Panaya Inc. 582                            582 2 (2) shares of USD 0.01 per share, fully paid up Infosys Chile SpA 7                                7 100 (100) shares Infosys Luxembourg S.a r.l. 26                              26 30,000 (30,000) shares Infosys Austria GmbH -                                 - 80,000 (80,000) shares of EUR 1 par value, fully paid up Infosys Consulting Brazil 337                            337 27,50,71,070 (27,50,71,070) shares of BRL 1 per share, fully paid up Infosys Consulting S.R.L. (Romania) 34                              34 99,183 (99,183) shares of RON 100 per share, fully paid up Infosys Limited Bulgaria EOOD 2                                2 4,58,000 (4,58,000) shares of BGN 1 per share, fully paid up Infosys Germany Holdings GmbH 2                                2 25,000 (25,000) shares EUR 1 per share, fully paid up Infosys Green Forum 1                                1 10,00,000 (10,00,000) shares ₹10 per share, fully paid up Infosys Automotive and Mobility GmbH 15                              15 Infosys Turkey Bilgi Teknolojileri Limited Sirketi 79                              79 27,70,326 (27,70,326) share Turkish Liras 100 (10,000) per share, fully paid up Infosys Consulting S.R.L. (Argentina) 2                                2 2,94,500 (2,94,500) shares AR$ 100 per share, fully paid up Infosys Business Solutions LLC 8                                8", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 140, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "50b6bc68455f8500"}, {"chunk_id": "0a948ea9240bcd6b", "content": "Infosys Consulting S.R.L. (Argentina) 2                                2 2,94,500 (2,94,500) shares AR$ 100 per share, fully paid up Infosys Business Solutions LLC 8                                8 10,000 (10,000) shares USD 100 per share, fully paid up Idunn Information Technology Private Limited 82                              82 3,27,788 (3,27,788) shares ₹ 10 per share fully paid up InSemi Technology Services Private Limited 198                            198 10,33,440 (10,33,440) shares ₹ 10 per share fully paid up in-tech Group India Private Limited 15                              15 10,000 (10,000) shares ₹ 10 per share fully paid up Infosys Services (Thailand) Limited 13                              13 49,99,998 (49,99,998) shares THB 10 per share fully paid up Investments in Redeemable Preference shares of subsidiary Infosys Singapore Pte Ltd 2,831                         2,831 51,02,00,000 (51,02,00,000 ) shares 17,340                       16,555 (In ₹ crore, except as otherwise stated) Particulars September 30, 2025 March 31, 2025 As at Investments carried at fair value through profit or loss Target maturity fund units 483                            465 Equity and Preference securities 25                              25 Others (1) 64                              61 572                            551 Investments carried at fair value through other comprehensive income Preference securities 172                            167 Equity securities 2                                2", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 140, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "50b6bc68455f8500"}, {"chunk_id": "882d1d7bf2f4160c", "content": "572                            551 Investments carried at fair value through other comprehensive income Preference securities 172                            167 Equity securities 2                                2 174                            169 Quoted Investments carried at amortized cost Tax free bonds 409                         1,465 Government bonds -                                14 409                         1,479 Investments carried at fair value through other comprehensive income Non-convertible debentures 5,342                         3,320 Equity Securities 83                              57 Government Securities 4,109                         5,240 9,534                         8,617 Total non-current investments 28,029                       27,371 Unquoted Investments carried at fair value through profit or loss Liquid mutual fund units 4,114                         1,185 4,114                         1,185 Investments carried at fair value through other comprehensive income Commercial Papers 1,551                         3,442 Certificates of deposit 4,596                         3,257 6,147                         6,699 Quoted Investments carried at amortized cost Tax free bonds 50                            154 Government bonds 15 - 65                            154 Investments carried at fair value through other comprehensive income Government Securities 72                         1,560 Non-convertible debentures 546                         1,549", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 140, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "50b6bc68455f8500"}, {"chunk_id": "a85d060f432c55f8", "content": "Total current investments 10,944                       11,147 Total investments 38,973                       38,518 10,626                       13,359 684                         3,266 9,951                       10,269 Aggregate amount of unquoted investments 28,347                       25,159 Aggregate amount of quoted investments Market value of quoted investments (including interest accrued), current Market value of quoted investments (including interest accrued), non-current # Aggregate amount of impairment in value of investments 94                              94 Reduction in the fair value of assets held for sale 854                            854 Investments carried at cost 17,340                       16,555 Investments carried at amortized cost 474                         1,633 Investments carried at fair value through other comprehensive income 16,473                       18,594 Investments carried at fair value through profit or loss 4,686                         1,736 (1)  Uncalled capital commitments outstanding as of September 30, 2025 and March 31, 2025 was ₹26 crore and ₹27 crore, respectively. Refer to note 2.10 for accounting policies on financial instruments. Method of fair valuation: (In ₹ crore) Class of investment Method September 30, 2025 March 31, 2025 4,114                         1,185 Quoted price 483                            465 483                         1,796 Liquid mutual fund units - carried at fair value through profit or loss", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 141, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "070484d5b449ddd1"}, {"chunk_id": "69dc4e85045dde3d", "content": "March 31, 2025 4,114                         1,185 Quoted price 483                            465 483                         1,796 Liquid mutual fund units - carried at fair value through profit or loss Quoted price Target maturity fund units - carried at fair value through profit or loss Tax free bonds and government bonds - carried at amortized cost Non-convertible debentures - carried at fair value through other comprehensive income Government securities - carried at fair value through other comprehensive income Commercial Papers - carried at fair value through other comprehensive income Quoted price and market observable inputs Quoted price and market observable inputs 5,888                         4,869 Quoted price and market observable inputs 4,181                         6,800 Certificates of deposit - carried at fair value through other comprehensive income Market observable inputs 1,551                         3,442 Quoted price Quoted equity securities - carried at fair value through other comprehensive income Market observable inputs 4,596                         3,257 83                              57 Unquoted equity and preference securities - carried at fair value through other comprehensive income Discounted cash flows method, Market multiples method, Option pricing model 174                            169 Discounted cash flows method, Market multiples method, Option pricing model", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 141, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "070484d5b449ddd1"}, {"chunk_id": "a00920b509f543a8", "content": "other comprehensive income Discounted cash flows method, Market multiples method, Option pricing model 174                            169 Discounted cash flows method, Market multiples method, Option pricing model Unquoted equity and preference securities - carried at fair value through profit or loss 25                              25 64                              61 Total 21,642                       22,126 Note : Certain quoted investments are classified as Level 2 in the absence of active market for such investments. Others - carried at fair value through profit or loss Discounted cash flows method, Market multiples method, Option pricing model (In ₹ crore) Particulars September 30, 2025 March 31, 2025 Non- Current Loan to subsidiary -                                           10 Loans considered good - Unsecured Loans to employees 9                                         16 Total non - current loans 9                                         26 Current Loans considered good - Unsecured Loans to employees 192                                       207 Total current loans 192                                       207 Total Loans 201                                       233 2.6 OTHER FINANCIAL ASSETS (In ₹ crore) Particulars September 30, 2025 March 31, 2025 Non-current Security deposits (1) 212                                       205 Unbilled revenues (1)(5)# 2,014                                    1,904 Net investment in lease(1) 299                                       241", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 141, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "070484d5b449ddd1"}, {"chunk_id": "48c2d9abc5f662aa", "content": "Security deposits (1) 212                                       205 Unbilled revenues (1)(5)# 2,014                                    1,904 Net investment in lease(1) 299                                       241 Total non-current other financial assets 2,525                                    2,350 Current Security deposits (1) 9                                         21 Restricted deposits (1)* 2,918                                    2,716 Unbilled revenues (1)(5)# 6,253                                    5,681 Interest accrued but not due (1) 581                                       739 Foreign currency forward and options contracts (2)(3) 31                                       171 Net investment in lease (1) 285                                       228 Others (1)(4) 3,570                                    3,013 Total current other financial assets 13,647                                  12,569 Total other financial assets 16,172                                  14,919 (1) Financial assets carried at amortized cost 16,141                                  14,748 (2) Financial assets carried at fair value through other comprehensive income 24                                         28 (3) Financial assets carried at fair value through Profit or Loss 7                                       143 (4)  Includes dues from subsidiaries 3,436                                    2,863 (5)  Includes dues from subsidiaries", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 141, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "070484d5b449ddd1"}, {"chunk_id": "13f79e78f840479a", "content": "7                                       143 (4)  Includes dues from subsidiaries 3,436                                    2,863 (5)  Includes dues from subsidiaries 160                                       165 * Restricted deposits represent deposit with financial institutions to settle employee related obligations as and when they arise during the normal course of business. # Classified as financial asset as right to consideration is unconditional and is due only after a passage of time. 2.7 TRADE RECEIVABLES (In ₹ crore) Particulars September 30, 2025 March 31, 2025 Current Trade Receivable considered good - Unsecured (1) 29,666                                  26,807 Less: Allowance for expected credit loss 451                                       394 Trade Receivable considered good - Unsecured 29,215                                  26,413", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 141, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "070484d5b449ddd1"}, {"chunk_id": "9c1ce4e9c143eed6", "content": "Trade Receivable - credit impaired - Unsecured 194                                       169 Less: Allowance for credit impairment 194                                       169 Trade Receivable - credit impaired - Unsecured -                                            - Total trade receivables (2) 29,215                                  26,413 (1)  Includes dues from subsidiaries 271                                       250 (2)  Includes dues from companies where directors are interested -                                            - 2.8 CASH AND CASH EQUIVALENTS (In ₹ crore) Particulars September 30, 2025 March 31, 2025 Balances with banks In current and deposit accounts 20,409                                  14,265 Cash on hand -                                            - Total Cash and cash equivalents 20,409                                  14,265 Balances with banks in unpaid dividend accounts 42                                         45 Deposit with more than 12 months maturity -                                            - Cash and cash equivalents as at September 30, 2025 and March 31, 2025 include restricted cash and bank balances of ₹56 crore and ₹45 crore, respectively. The deposits maintained by the Company with banks and financial institutions comprise of time deposits, which can be withdrawn by the Company at any point without prior notice or penalty on the principal. (In ₹ crore) Particulars September 30, 2025 March 31, 2025 Non-current Capital advances", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 143, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e5de70a805053280"}, {"chunk_id": "6ac1221a72eab499", "content": "without prior notice or penalty on the principal. (In ₹ crore) Particulars September 30, 2025 March 31, 2025 Non-current Capital advances 171                                       206 Advances other than capital advances Others Prepaid expenses 235                                       154 Defined benefit plan assets 233                                       257 Deferred contract cost Cost of obtaining a contract 254                                       299 Cost of fulfillment 617                                       676 Unbilled revenues(2) 94                                       119 Withholding taxes and others(3) 514                                       512 Total non-current other assets 2,118                                    2,223 Current Advances other than capital advances Payment to vendors for supply of goods 205                                       373 Others Prepaid expenses (1) 2,095                                    2,003 Unbilled revenues(2) 4,702                                    4,284 Deferred contract cost Cost of obtaining a contract 208                                       212 Cost of fulfillment 521                                       428 Withholding taxes and others(3) 2,132                                    2,309 Other receivables (1) -                                             9 Total current other assets 9,863                                    9,618 Total other assets 11,981                                  11,841 (1)  Includes dues from subsidiaries", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 143, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e5de70a805053280"}, {"chunk_id": "56d5ae14f7512636", "content": "Total current other assets 9,863                                    9,618 Total other assets 11,981                                  11,841 (1)  Includes dues from subsidiaries 104                                       151 (2)  Classified as non-financial asset as the contractual right to consideration is dependent on completion of contractual milestones. (3) Withholding taxes and others primarily consist of input tax credits and VAT recoverable from tax authorities. 2.10 FINANCIAL INSTRUMENTS 2.10.1 Initial recognition The Company recognizes financial assets and financial liabilities when it becomes a party to the contractual provisions of the instrument. All financial assets and liabilities are recognized at fair value on initial recognition, except for trade receivables which are initially measured at transaction price. Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities, which are not at fair value through profit or loss, are added to the fair value on initial recognition. Regular way purchase and sale of financial assets are accounted for at trade date. 2.10.2 Subsequent measurement a. Non-derivative financial instruments (i) Financial assets carried at amortized cost", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 143, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e5de70a805053280"}, {"chunk_id": "165d3f9232290255", "content": "Regular way purchase and sale of financial assets are accounted for at trade date. 2.10.2 Subsequent measurement a. Non-derivative financial instruments (i) Financial assets carried at amortized cost A financial asset is subsequently measured at amortized cost if it is held within a business model whose objective is to hold the asset in order to collect contractual cash flows and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. (ii) Financial assets carried at fair value through other comprehensive income (FVOCI) A financial asset is subsequently measured at fair value through other comprehensive income if it is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. The Company has made an irrevocable election for certain investments which are classified as equity instruments to present the subsequent changes in fair value in other comprehensive income based on its business model. (iii) Financial assets carried at fair value through profit or loss (FVTPL)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 143, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e5de70a805053280"}, {"chunk_id": "a771686e4975110d", "content": "comprehensive income based on its business model. (iii) Financial assets carried at fair value through profit or loss (FVTPL) A financial asset which is not classified in any of the above categories are subsequently fair valued through profit or loss. (iv) Financial liabilities Financial liabilities are subsequently carried at amortized cost using the effective interest method, except for contingent consideration recognized in a business combination which is subsequently measured at fair value through profit or loss. (v) Investment in subsidiaries Investment in subsidiaries is carried at cost in the separate financial statements. b. Derivative financial instruments The Company holds derivative financial instruments such as foreign exchange forward and option contracts to mitigate the risk of changes in exchange rates on foreign currency exposures. The counterparty for such contracts is generally a bank. (i) Financial assets or financial liabilities, carried at fair value through profit or loss. This category includes derivative financial assets or liabilities which are not designated as hedges.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 143, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e5de70a805053280"}, {"chunk_id": "245b8bc070256306", "content": "Although the Company believes that these derivatives constitute hedges from an economic perspective, they may not qualify for hedge accounting under Ind AS 109, Financial Instruments. Any derivative that is either not designated as hedge, or is so designated but is ineffective as per Ind AS 109, is categorized as a financial asset or financial liability, at fair value through profit or loss. Derivatives not designated as hedges are recognized initially at fair value and attributable transaction costs are recognized in net profit in the Statement of Profit and Loss when incurred. Subsequent to initial recognition, these derivatives are measured at fair value through profit or loss and the resulting exchange gains or losses are included in other income. Assets/ liabilities in this category are presented as current assets/current liabilities if they are either held for trading or are expected to be realized within 12 months after the Balance Sheet date. Primarily the Company designates certain foreign exchange forward and options contracts as cash flow hedges to mitigate the risk of foreign exchange exposure on highly probable forecast cash transactions. When a derivative is designated as a cash flow hedge instrument, the effective portion of changes in the fair value of the derivative is recognized in other comprehensive income and accumulated in the cash flow hedge reserve.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 144, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fb29fe844d31cfdd"}, {"chunk_id": "bc6414436a970015", "content": "in the cash flow hedge reserve. Any ineffective portion of changes in the fair value of the derivative is recognized immediately in the net profit in the condensed standalone Statement of Profit and Loss. If the hedging instrument no longer meets the criteria for hedge accounting, then hedge accounting is discontinued prospectively. If the hedging instrument expires or is sold, terminated or exercised, the cumulative gain or loss on the hedging instrument recognized in cash flow hedge reserve till the period the hedge was effective remains in cash flow hedge reserve until the forecasted transaction occurs. The cumulative gain or loss previously recognized in the cash flow hedge reserve is transferred to the net profit in the condensed standalone Statement of Profit and Loss upon the occurrence of the related forecasted transaction. If the forecasted transaction is no longer expected to occur, then the amount accumulated in cash flow hedge reserve is reclassified to net profit in the Statement of Profit and Loss. 2.10.3 Derecognition of financial instruments The Company derecognizes a financial asset when the contractual rights to the cash flows from the financial asset expire or it transfers the financial asset and the transfer qualifies for derecognition under Ind AS 109.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 144, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fb29fe844d31cfdd"}, {"chunk_id": "76bd36f3e3ea401b", "content": "derecognition under Ind AS 109. A financial liability (or a part of a financial liability) is derecognized from the Company's Balance Sheet when the obligation specified in the contract is discharged or cancelled or expires. 2.10.4 Fair value of financial instruments In determining the fair value of its financial instruments, the Company uses a variety of methods and assumptions that are based on market conditions and risks existing at each reporting date. The methods used to determine fair value include discounted cash flow analysis, option pricing model, market multiples, available quoted market prices and dealer quotes. All methods of assessing fair value result in general approximation of value, and such value may never actually be realized. Refer to table 'Financial instruments by category' below for the disclosure on carrying value and fair value of financial assets and liabilities. For financial assets and liabilities maturing within one year from the Balance Sheet date and which are not carried at fair value, the carrying amounts approximate fair value due to the short maturity of these instruments. The Company recognizes loss allowances using the expected credit loss (ECL) model for the financial assets and unbilled revenues which are not fair valued through profit or loss. Loss", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 144, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fb29fe844d31cfdd"}, {"chunk_id": "df036edd15c03054", "content": "The Company recognizes loss allowances using the expected credit loss (ECL) model for the financial assets and unbilled revenues which are not fair valued through profit or loss. Loss allowance for trade receivables and unbilled revenues with no significant financing component is measured at an amount equal to lifetime ECL. For all other financial assets, expected credit losses are measured at an amount equal to the 12-month ECL, unless there has been a significant increase in credit risk from initial recognition in which case those are measured at lifetime ECL. The Company determines the allowance for credit losses based on historical loss experience adjusted to reflect current and estimated future economic conditions. The Company considers current and anticipated future economic conditions relating to industries the Company deals with and the countries where it operates. The amount of ECLs (or reversal) that is required to adjust the loss allowance at the reporting date to the amount that is required to be recorded is recognized as an impairment loss or gain in statement of profit and loss. Financial instruments by category The carrying value and fair value of financial instruments by categories as at September 30, 2025 are as follows: (In ₹ crore) Particulars Financial assets/ liabilities at fair value through profit or loss Financial assets/liabilities at fair Total  fair value Total  carrying Mandatory Equity instruments", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 144, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fb29fe844d31cfdd"}, {"chunk_id": "fdc70097754d219f", "content": "(In ₹ crore) Particulars Financial assets/ liabilities at fair value through profit or loss Financial assets/liabilities at fair Total  fair value Total  carrying Mandatory Equity instruments designated upon initial recognition Assets: Cash and cash equivalents (Refer to note 2.8) 20,409 -                       -                               -                             -                  20,409                  20,409 Investments (Refer to note 2.4) Preference securities, Equity securities and others -                          25                    64                          257 -                       346                       346 Tax free bonds and government bonds 474 -                       -                               -                             -                       474                       483  (1)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 144, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fb29fe844d31cfdd"}, {"chunk_id": "d15004a06a132127", "content": "Liquid mutual fund units -                           -                 4,114 -                             -                    4,114                    4,114 Target maturity fund units -                           -                    483 -                             -                       483                       483 Commercial Papers -                           -                       -                               -                       1,551                  1,551                    1,551 Certificates of deposit -                           -                       -                               -                       4,596                  4,596                    4,596 Non convertible debentures -                           -                       -                               -                       5,888                  5,888                    5,888 Government Securities -                           -                       -                               -                       4,181                  4,181                    4,181 Trade receivables (Refer to note 2.7) 29,215 -                       -                               -                             -                  29,215                  29,215 Loans (Refer to note 2.5) 201 -                       -                               -                             -                       201                       201", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 144, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cb41fdfdf77c68df"}, {"chunk_id": "a63372d24423d7a0", "content": "Loans (Refer to note 2.5) 201 -                       -                               -                             -                       201                       201 Other financial assets (Refer to note 2.6) 16,141 -                        7 -                            24                16,172                  16,160     (2) Total 66,440                         25               4,668                          257                   16,240                87,630                  87,627 Liabilities: Trade payables (Refer to note 2.13) 2,812 -                       -                               -                             -                    2,812                    2,812 Lease liabilities (Refer to note 2.3) 3,799 -                       -                               -                             -                    3,799                    3,799 Other financial liabilities (Refer to note 2.12) 14,160 -                    481 -                            18                14,659                  14,659 Total 20,771 -                    481 -                            18                21,270                  21,270 (1)  On account of fair value changes including interest accrued (2) Excludes interest accrued on tax free bonds and government bonds carried at amortized cost of ₹12 crore The carrying value and fair value of financial instruments by categories as at March 31, 2025 were as follows: (In ₹ crore) Particulars", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 144, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cb41fdfdf77c68df"}, {"chunk_id": "59b51a881db2e780", "content": "The carrying value and fair value of financial instruments by categories as at March 31, 2025 were as follows: (In ₹ crore) Particulars Financial assets/ liabilities at fair value through profit or loss Financial assets/liabilities at fair Mandatory Equity instruments designated upon initial recognition Assets: Cash and cash equivalents (Refer to note 2.8) 14,265 -                       -                               -                             -                  14,265                  14,265 Investments (Refer to note 2.4) Preference securities, Equity securities and others -                          25                    61                          226 -                       312                       312 Tax free bonds and government bonds 1,633 -                       -                               -                             -                    1,633                    1,796     (1) Target maturity fund units -                           -                    465 -                             -                       465                       465 Liquid mutual fund units -                           -                 1,185 -                             -                    1,185                    1,185 Commercial Papers -                           -                       -                               -                       3,442                  3,442                    3,442 Certificates of deposit", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 144, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cb41fdfdf77c68df"}, {"chunk_id": "0b0182de8d2ba40c", "content": "Commercial Papers -                           -                       -                               -                       3,442                  3,442                    3,442 Certificates of deposit -                           -                       -                               -                       3,257                  3,257                    3,257 Non convertible debentures -                           -                       -                               -                       4,869                  4,869                    4,869 Government Securities -                           -                       -                               -                       6,800                  6,800                    6,800 Trade receivables (Refer to note 2.7) 26,413 -                       -                               -                             -                  26,413                  26,413 Loans (Refer to note 2.5) 233 -                       -                               -                             -                       233                       233 Other financial assets (Refer to note 2.6) 14,748 -                    143 -                            28                14,919                  14,839     (2) Total 57,292                         25               1,854                          226                   18,396                77,793                  77,876 Liabilities:", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 144, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cb41fdfdf77c68df"}, {"chunk_id": "851e15fcda6542d8", "content": "Total 57,292                         25               1,854                          226                   18,396                77,793                  77,876 Liabilities: Trade payables (Refer to note 2.13) 2,728 -                       -                               -                             -                    2,728                    2,728 Lease Liabilities (Refer to note 2.3) 3,459 -                       -                               -                             -                    3,459                    3,459 Other financial liabilities (Refer to note 2.12) 13,593 -                      54 -                            33                13,680                  13,680 Total 19,780 -                      54 -                            33                19,867                  19,867 (1)  On account of fair value changes including interest accrued (2)  Excludes interest accrued on tax free bonds and government bonds carried at amortized cost of ₹80 crore", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 144, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cb41fdfdf77c68df"}, {"chunk_id": "0ce2aa698fb31bd6", "content": "For trade receivables, trade payables, other assets and payables maturing within one year from the Balance Sheet date, the carrying amounts approximate the fair value due to the short maturity of these instruments. Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices). Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs). The fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as at September 30, 2025 is as follows: Fair value measurement at end of the Level 1 Level 2 Level 3 reporting period using Investments (Refer to note 2.4) Investments in tax free bonds 468                        417                       51 - Investments in government bonds 15                          15 -                            - Investments in liquid mutual fund units 4,114                     4,114 -                            - Investments in target maturity fund units 483                        483 -                            - Investments in certificates of deposit 4,596 -                    4,596 - Investments in commercial papers 1,551 -                    1,551 - Investments in non convertible debentures", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 146, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a4507f61d1d37e24"}, {"chunk_id": "6197c2d6b8e37eb5", "content": "-                            - Investments in certificates of deposit 4,596 -                    4,596 - Investments in commercial papers 1,551 -                    1,551 - Investments in non convertible debentures 5,888                     5,739                     149 - Investments in government securities 4,181                     4,145                       36 - Investments in equity securities 85                          83 -                             2 Investments in preference securities 197 -                          -                         197 Other investments 64 -                          -                           64 Others Derivative financial instruments - gains (Refer to note 2.6) 31 -                         31 - Derivative financial instruments -  loss (Refer to note 2.12) 479 -                       479 - Liability towards contingent consideration (Refer to note 2.12)(1) 20 -                          -                           20 (1)Discount rate ranges from 3% to 6% During the six months ended September 30, 2025, tax free bonds of ₹60 crore and state government securities of ₹36 crore was transferred from Level 2 to Level 1 of fair value hierarchy, since these were valued based on quoted price. Further, non convertible debentures of ₹149 crore and state government securities of ₹36 crore were transferred from Level 1 to Level 2 of", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 146, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a4507f61d1d37e24"}, {"chunk_id": "0c1e19fed3952757", "content": "since these were valued based on quoted price. Further, non convertible debentures of ₹149 crore and state government securities of ₹36 crore were transferred from Level 1 to Level 2 of fair value hierarchy, since these were valued based on market observable inputs. The fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as at March 31, 2025 was as follows: period using As at March 31, Fair value measurement at end of the reporting Level 1 Level 2 Level 3 Investments (Refer to note 2.4) Investments in tax free bonds 1,781                     1,227                     554 - Investments in target maturity fund units 465                        465 -                            - Investments in government bonds 15                          15 -                            - Investments in liquid mutual fund units 1,185                     1,185 -                            - Investments in certificates of deposit 3,257 -                    3,257 - Investments in commercial papers 3,442 -                    3,442 - Investments in non convertible debentures 4,869                     4,869 -                            - Investments in government securities 6,800                     6,763                       37 - Investments in equity securities 59                          57 -                             2 Investments in preference securities 192 -                          -                         192 61", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 146, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a4507f61d1d37e24"}, {"chunk_id": "011fbc420a8ce9b0", "content": "- Investments in equity securities 59                          57 -                             2 Investments in preference securities 192 -                          -                         192 61 -                          -                           61 Derivative financial instruments - gains (Refer to note 2.6) 171 -                       171 - Derivative financial instruments - loss (Refer note 2.12) 56 -                         56 - Liability towards contingent consideration (Refer to note 2.12)(1) (1)Discount rate - 6 % 31 -                          -                           31 During the year ended March 31, 2025, State government securities and non-convertible debentures of ₹36 crore and ₹261 crore were transferred from Level 2 to Level 1 of fair value hierarchy since these were valued based on quoted price. Further Tax free bond of ₹554 crore were transferred from Level 1 to Level 2 of fair value hierarchy, since these were valued based on market observable inputs. A one percentage point change in the unobservable inputs used in fair valuation of Level 3 assets and liabilities does not have a significant impact in its value. Majority of investments of the Company are fair valued based on Level 1 or Level 2 inputs. These investments primarily include investment in liquid mutual fund units, target maturity fund", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 146, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a4507f61d1d37e24"}, {"chunk_id": "4a103dea1019900a", "content": "Majority of investments of the Company are fair valued based on Level 1 or Level 2 inputs. These investments primarily include investment in liquid mutual fund units, target maturity fund units, tax free bonds, certificates of deposit, commercial papers, treasury bills, government securities, non-convertible debentures, quoted bonds issued by government and quasi-government organizations. The Company invests after considering counterparty risks based on multiple criteria including Tier I capital, Capital Adequacy Ratio, Credit Rating, Profitability, NPA levels and Deposit base of banks and financial institutions. These risks are monitored regularly as per Company's risk management program. Ordinary shares are classified as equity share capital. Incremental costs directly attributable to the issuance of new ordinary shares, share options and buyback are recognized as a deduction from equity, net of any tax effects. Description of reserves Capital redemption reserve", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 146, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a4507f61d1d37e24"}, {"chunk_id": "29e54871dfe3be08", "content": "In accordance with section 69 of the Indian Companies Act, 2013, the Company creates capital redemption reserve equal to the nominal value of the shares bought back as an appropriation from general reserve / retained earnings. Retained earnings represent the amount of accumulated earnings of the Company. Share options outstanding account The amount received in excess of the par value of equity shares has been classified as securities premium. Amounts have been utilized for bonus issue and share buyback from share premium account. The Share options outstanding account is used to record the fair value of equity-settled share based payment transactions with employees. The amounts recorded in share options outstanding account are transferred to securities premium upon exercise of stock options and transferred to general reserve on account of stock options not exercised by employees. Special Economic Zone Re-investment reserve The Special Economic Zone Re-investment reserve has been created out of the profit of the eligible SEZ unit in terms of the provisions of Sec 10AA (1)(ii) of Income Tax Act, 1961. The reserve should be utilized by the Company for acquiring new plant and machinery for the purpose of its business in terms of the provisions of the Sec 10AA (2) of the Income Tax Act, 1961. Other components of equity", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 147, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "070b3d6433677de7"}, {"chunk_id": "8a293770f1656c28", "content": "utilized by the Company for acquiring new plant and machinery for the purpose of its business in terms of the provisions of the Sec 10AA (2) of the Income Tax Act, 1961. Other components of equity Other components of equity include remeasurement of net defined benefit liability / asset, equity instruments fair valued through other comprehensive income, changes on fair valuation of investments and changes in fair value of derivatives designated as cash flow hedges, net of taxes. Cash flow hedge reserve When a derivative is designated as a cash flow hedging instrument, the effective portion of changes in the fair value of the derivative is recognized in other comprehensive income and accumulated in the cash flow hedging reserve. The cumulative gain or loss previously recognized in the cash flow hedging reserve is transferred to the condensed standalone Statement of Profit and Loss upon the occurrence of the related forecasted transaction. 2.11.1 EQUITY SHARE CAPITAL (In ₹ crore, except as otherwise stated) Authorized Equity shares, ₹5/- par value September 30, 2025 March 31, 2025 480,00,00,000 (480,00,00,000) equity shares 2,400                     2,400 Issued, Subscribed and Paid-Up Equity shares, ₹5/- par value(1) 2,077                     2,076 415,44,01,349 (415,32,63,455) equity shares fully paid-up 2,077 2,076 (1)  Refer to note 2.20 for details of basic and diluted shares Forfeited shares amounted to ₹1,500/- (₹1,500/-)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 147, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "070b3d6433677de7"}, {"chunk_id": "99fa182739b4ea0a", "content": "2,077                     2,076 415,44,01,349 (415,32,63,455) equity shares fully paid-up 2,077 2,076 (1)  Refer to note 2.20 for details of basic and diluted shares Forfeited shares amounted to ₹1,500/- (₹1,500/-) The Company has only one class of shares referred to as equity shares having a par value of ₹5/-. Each holder of equity shares is entitled to one vote per share. The equity shares represented by American Depository Shares (ADS) carry similar rights to voting and dividends as the other equity shares. Each ADS represents one underlying equity share. In the event of liquidation of the Company, the holders of equity shares will be entitled to receive any of the remaining assets of the company in proportion to the number of equity shares held by the shareholders, after distribution of all preferential amounts. However, no such preferential amounts exist currently. There are no voting, dividend or liquidation rights to the holders of options issued under the company's share option plans. For details of shares reserved for issue under the employee stock option plan of the Company, refer to the note below. (in ₹ crore, except as stated otherwise) Particulars The reconciliation of the number of shares outstanding and the amount of share capital as at September 30, 2025 and March 31, 2025 is set out below: Number of shares Amount Number of shares Amount As at September 30, 2025 As at the beginning of the period 4,15,32,63,455 2,076", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 147, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "070b3d6433677de7"}, {"chunk_id": "0fc82793585a6d9d", "content": "Number of shares Amount Number of shares Amount As at September 30, 2025 As at the beginning of the period 4,15,32,63,455 2,076 4,15,08,67,464 2,075 Add: Shares issued on exercise of employee stock options 1,137,894                             1                 2,395,991                            1 As at the end of the period 4,15,44,01,349 2,077 4,15,32,63,455 2,076 Capital allocation policy Effective fiscal 2025, the Company expects to continue its policy of returning approximately 85% of the free cash flow cumulatively over a 5-year period through a combination of semi-annual dividends and/or share buyback/ special dividends subject to applicable laws and requisite approvals, if any. Under this policy, the Company expects to progressively increase its annual dividend per share (excluding special dividend if any). Free cash flow is defined as net cash provided by operating activities less capital expenditure as per the consolidated statement of cash flows prepared under IFRS. Dividend and buyback include applicable taxes Update on buyback announced in September 2025 The Board, at its meeting on September 11, 2025, approved a proposal for the Company to buyback its fully paid-up equity shares of face value of ₹5/- each from the eligible equity shareholders of the Company for an amount of ₹18,000 crore, subject to shareholders' approval by way of Postal Ballot.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 147, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "070b3d6433677de7"}, {"chunk_id": "8a48b1398660c415", "content": "Company for an amount of ₹18,000 crore, subject to shareholders' approval by way of Postal Ballot. The Buyback offer if approved by shareholders would comprise a purchase of 10,00,00,000 Equity Shares comprising approximately 2.41% of the total paid-up equity share capital of the Company as of June 30, 2025 (on standalone basis) at a price of ₹1,800 per Equity share. The buyback is proposed to be made from all eligible equity shareholders (including those who become equity shareholders as on the Record date by cancelling American Depository Shares and withdrawing underlying Equity shares) of the Company as on the Record Date (to be determined by the Board/ Buyback Committee) on a proportionate basis through the \"Tender offer\" route. The Company has sent out a notice to its shareholders as of September 26, 2025 seeking the approval of the shareholders through postal ballot. The voting for this postal ballot is expected to end on November 4, 2025. The Company’s objective when managing capital is to safeguard its ability to continue as a going concern and to maintain an optimal capital structure so as to maximize shareholder value. In order to maintain or achieve an optimal capital structure, the Company may adjust the amount of dividend payment, return capital to shareholders, issue new shares or buy back issued shares. As of September 30, 2025, the Company has only one class of equity shares and has no debt.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 147, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "070b3d6433677de7"}, {"chunk_id": "829586023adec102", "content": "As of September 30, 2025, the Company has only one class of equity shares and has no debt. Consequent to the above capital structure there are no externally imposed capital requirements. The final dividend on shares is recorded as a liability on the date of approval by the shareholders and interim dividends are recorded as a liability on the date of declaration by the Company's Board of Directors. Income tax consequences of dividends on financial instruments classified as equity will be recognized according to where the entity originally recognized those past transactions or events that generated distributable profits.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 147, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "070b3d6433677de7"}, {"chunk_id": "bd326364bce4de7a", "content": "The Company declares and pays dividends in Indian rupees. Companies are required to pay/distribute dividend after deducting applicable taxes. The remittance of dividends outside India is governed by Indian law on foreign exchange and is also subject to withholding tax at applicable rates. The amount of per share dividend recognized as distribution to equity shareholders in accordance with Companies Act 2013 is as follows:- 2025 2024 2025 2024 Final dividend for fiscal 2025 -                             -                          22.00 - Special dividend for fiscal 2024 -                             -                               -                         8.00 Final dividend for fiscal 2024 -                             -                               -                       20.00 Three months ended September 30, Particulars Six months ended September 30, The Board of Directors in their meeting held on April 17, 2025 recommended a final dividend of ₹22/- per equity share for the financial year ended March 31, 2025. The same was approved by the shareholders at the Annual General Meeting (AGM) of the Company held on June 25, 2025 which resulted in a net cash outflow of ₹9,139 crore. The final dividend was paid on June 30, 2025. The Board of Directors in their meeting held on October 16, 2025 declared an interim dividend of ₹23/- per equity share which would result in a net cash outflow of approximately ₹9,555 crore.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 148, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c63126c20f0a5e1b"}, {"chunk_id": "21aaaf1fcb1d64ef", "content": "The Board of Directors in their meeting held on October 16, 2025 declared an interim dividend of ₹23/- per equity share which would result in a net cash outflow of approximately ₹9,555 crore. 2.11.3 Employee Stock Option Plan (ESOP): The Company recognizes compensation expense relating to share-based payments in net profit based on estimated fair-values of the awards on the grant date. The estimated fair value of awards is recognized as an expense in the statement of profit and loss on a straight-line basis over the requisite service period for each separately vesting portion of the award as if the award was in-substance, multiple awards with a corresponding increase to share options outstanding account. Infosys Expanded Stock Ownership Program 2019 (the 2019 Plan): On June 22, 2019 pursuant to approval by the shareholders in the Annual General Meeting, the Board has been authorized to introduce, offer, issue and provide share-based incentives to eligible employees of the Company and its subsidiaries under the 2019 Plan. The maximum number of shares under the 2019 plan shall not exceed 5,00,00,000 equity shares. To implement the 2019 Plan, up to 4,50,00,000 equity shares may be issued by way of secondary acquisition of shares by Infosys Expanded Stock Ownership Trust. The Restricted Stock Units (RSUs) granted under the 2019 plan shall vest based on the", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 148, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c63126c20f0a5e1b"}, {"chunk_id": "b1d6a0947858ddf8", "content": "shares may be issued by way of secondary acquisition of shares by Infosys Expanded Stock Ownership Trust. The Restricted Stock Units (RSUs) granted under the 2019 plan shall vest based on the achievement of defined annual performance parameters as determined by the administrator (Nomination and Remuneration Committee). The performance parameters will be based on a combination of relative Total Shareholder Return (TSR) against selected industry peers and certain broader market domestic and global indices and operating performance metrics of the company as decided by administrator. Each of the above performance parameters will be distinct for the purposes of calculation of quantity of shares to vest based on performance. These instruments will generally vest between a minimum of 1 to maximum of 3 years from the grant date. 2015 Stock Incentive Compensation Plan (the 2015 Plan): On March 31, 2016, pursuant to the approval by the shareholders through postal ballot, the Board was authorized to introduce, offer, issue and allot share-based incentives to eligible employees of the Company and its subsidiaries under the 2015 Plan. The maximum number of shares under the 2015 plan shall not exceed 2,40,38,883 equity shares (this includes 1,12,23,576 equity shares which are held by the trust towards the 2011 Plan as at March 31, 2016). These instruments will generally vest over a period of 4 years.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 148, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c63126c20f0a5e1b"}, {"chunk_id": "57244fe1cbafd00d", "content": "the trust towards the 2011 Plan as at March 31, 2016). These instruments will generally vest over a period of 4 years. The plan numbers mentioned above are further adjusted with the September 2018 bonus issue. The equity settled and cash settled RSUs and stock options would vest generally over a period of 4 years and shall be exercisable within the period as approved by the Nomination and Remuneration Committee (NARC). The exercise price of the RSUs will be equal to the par value of the shares and the exercise price of the stock options would be the market price as on the date of grant. Controlled trust holds 90,91,403 and 96,55,927 shares as at September 30, 2025 and March 31, 2025, respectively under the 2015 plan. Out of these shares, 2,00,000 equity shares each have been earmarked for welfare activities of the employees as at September 30, 2025 and March 31, 2025. The following is the summary of grants made during the three months and six months ended September 30, 2025 and September 30, 2024: 2025 2024 2025 2024 2015 Plan: RSU Equity settled RSUs Key Management Personnel (KMP) - - 277,077 295,168 Employees other than KMP 2,400                    32,850                        7,400 129,340 2,400                    32,850                    284,477                  424,508 2015 Plan: Employee Stock Options (ESOPs) Equity settled RSUs Key Management Personnel (KMP) -                             -                      237,370 -", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 148, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c63126c20f0a5e1b"}, {"chunk_id": "7fc1e13cb3324cb2", "content": "2015 Plan: Employee Stock Options (ESOPs) Equity settled RSUs Key Management Personnel (KMP) -                             -                      237,370 - Employees other than KMP -                             -                   5,412,790 - -                             -                   5,650,160 - Cash settled RSUs Key Management Personnel (KMP) -                             -                               -                             - Employees other than KMP -                             -                      108,180 - -                             -                      108,180 - Total Grants under 2015 Plan 2,400                    32,850                 6,042,817                  424,508 Equity settled RSUs Key Management Personnel (KMP) -                             -                        66,366 70,699 Employees other than KMP -                             -                               - 6,848 Total Grants under 2019 Plan -                             -                        66,366                    77,547 -                             -                        66,366                    77,547 Notes on grants to KMP: The Board, on April 17, 2025, based on the recommendations of the Nomination and Remuneration Committee approved the following grants for fiscal 2026. In accordance with such approval the following grants were made effective May 2, 2025.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 148, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c63126c20f0a5e1b"}, {"chunk_id": "1c79030356aae89a", "content": "- 2,30,621 performance-based RSUs (Annual performance equity grant) of fair value of ₹34.75 crore. These RSUs will vest in line with the employment agreement based on achievement of certain performance targets. - 13,273 performance-based grant of RSUs (Annual performance equity ESG grant) of fair value of ₹2 crore. These RSUs will vest in line with the employment agreement based on achievement of certain environment, social and governance milestones as determined by the Board. - 33,183 performance-based grant of RSUs (Annual performance Equity TSR grant) of fair value of ₹5 crore . These RSUs will vest in line with the employment agreement based on Company’s performance on cumulative relative TSR over the years and as determined by the Board. Though the annual time based grants and annual performance equity TSR grant for the remaining employment term ending on March 31, 2027 have not been granted as of September 30, 2025, since the service commencement date precedes the grant date, the company has recorded employment stock compensation expense in accordance with Ind AS 102, Share based payment. The grant date for this purpose in accordance with Ind AS 102, Share based payment is July 1, 2022. The Board, on April 17, 2025, based on the recommendations of the Nomination and Remuneration Committee, approved performance-based grant of RSUs amounting to ₹10 crore for fiscal 2026 under the 2019 Plan.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 149, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5f49307aa5cb7b8f"}, {"chunk_id": "fe7e324c1bd1e68b", "content": "The Board, on April 17, 2025, based on the recommendations of the Nomination and Remuneration Committee, approved performance-based grant of RSUs amounting to ₹10 crore for fiscal 2026 under the 2019 Plan. These RSUs will vest based on achievement of certain performance targets. Accordingly, 66,366 performance based RSU’s were granted effective May 2, 2025. During the six months ended September 30, 2025, based on recommendations of Nomination and Remuneration Committee, the Board approved time based grants of 237,370 ESOPs to Other KMP under the 2015 Plan. These stock options will vest over a period of 4 years and shall be exercisable within the period as approved by the Committee. The exercise price of the stock options would be the market price as on the date of grant. The break-up of employee stock compensation expense is as follows: Particulars Six months ended September 30, Three months ended September 30, Total (1) Employees other than KMP 18                           17                             35                          35 191                         164                           384                        335 (1) Cash settled stock compensation expense included in the above 1                             3                               3                            5 209                         181                           419                        370", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 149, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5f49307aa5cb7b8f"}, {"chunk_id": "e6bfd320382552f2", "content": "1                             3                               3                            5 209                         181                           419                        370 The fair value of the awards are estimated using the Black-Scholes Model for time and non-market performance-based options and Monte Carlo simulation model is used for TSR based options. The inputs to the model include the share price at date of grant, exercise price, expected volatility, expected dividends, expected term and the risk free rate of interest. Expected volatility during the expected term of the options is based on historical volatility of the observed market prices of the Company's publicly traded equity shares during a period equivalent to the expected term of the options. Expected volatility of the comparative company have been modelled based on historical movements in the market prices of their publicly traded equity shares during a period equivalent to the expected term of the options. Correlation coefficient is calculated between each peer entity and the indices as a whole or between each entity in the peer group. The fair value of each equity settled award is estimated on the date of grant using the following assumptions: Fiscal 2026- Equity Shares- Fiscal 2026- Equity Shares- Fiscal 2026- ADS-ESOP For options granted in Fiscal 2025- Equity Shares-RSU Weighted average share price (₹) / ($ ADS)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 149, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5f49307aa5cb7b8f"}, {"chunk_id": "2f7234b47f0c6a2b", "content": "Fiscal 2026- Equity Shares- Fiscal 2026- Equity Shares- Fiscal 2026- ADS-ESOP For options granted in Fiscal 2025- Equity Shares-RSU Weighted average share price (₹) / ($ ADS) 1,507                     1,554                      17.93 1,428 18.09 Exercise price (₹) / ($ ADS) 5.00                     1,554                      17.93                          5.00                       0.07 Expected volatility (%) 23-25 25-28 26-30 21-26 23-28 Expected life of the option (years) 1-4 3-7 3-7 1-4 1-4 Expected dividends (%) 2-3 2-3 2-3 2-3 2-3 Risk-free interest rate (%) 6 6                             4 7 4-5 1,355                        390                        4.09                        1,311                     16.59 Weighted average fair value as on grant date (₹) / ($ ADS) The expected life of the RSU/ESOP is estimated based on the vesting term and contractual term of the RSU/ESOP, as well as expected exercise behavior of the employee who receives the RSU/ESOP. 2.12 OTHER FINANCIAL LIABILITIES (In ₹ crore) Particulars September 30, 2025 March 31, 2025 Non-current Others Compensated absences 96                                 90 Accrued compensation to employees (1) 8                                   5 Accrued expenses (1) 1,904                            1,876 Payable for acquisition of business - Contingent consideration (2) -                                   20 Total non-current other financial liabilities 2,008                            1,991 Current Unpaid dividends (1)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 149, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5f49307aa5cb7b8f"}, {"chunk_id": "fc3bebb8c3ef3c2f", "content": "-                                   20 Total non-current other financial liabilities 2,008                            1,991 Current Unpaid dividends (1) 42                                 45 Others Accrued compensation to employees (1) 3,898                            3,781 Accrued expenses (1)(4) 6,965                            6,210 Capital creditors (1) 256                               470 Compensated absences 2,599                            2,322 Payable for acquisition of business - Contingent consideration (2) 20                                 11 Other payables (1)(5) 1,087                            1,206 Foreign currency forward and options contracts (2)(3) 479                                 56 Total current other financial liabilities 15,346                          14,101 Total other financial liabilities 17,354                          16,092 (1)  Financial liability carried at amortized cost 14,160                          13,593 (2)  Financial liability carried at fair value through profit or loss 481                                 54 (3)  Financial liability carried at fair value through other comprehensive income 18                                 33 (4)  Includes dues to subsidiaries 67                                 56 (5)  Includes dues to subsidiaries 790                               962", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 149, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5f49307aa5cb7b8f"}, {"chunk_id": "a5fcb8b6385b8ce6", "content": "Accrued expenses primarily relate to cost of technical sub-contractors, telecommunication charges, legal and professional charges, brand building expenses, overseas travel expenses, office maintenance and cost of third party software and hardware. (In ₹ crore) Particulars September 30, 2025 March 31, 2025 Outstanding dues of micro enterprises and small enterprises 4                                   8 Outstanding dues of creditors other than micro enterprises and small enterprises(1) 2,808                            2,720 Total trade payables 2,812                            2,728 (1) Includes dues to subsidiaries 991                               907 2.14 OTHER LIABILITIES (In ₹ crore) Particulars September 30, 2025 March 31, 2025 Non-current Others Accrued defined benefit liability 133                                 74 Others 20                                 21 Total non - current other liabilities 153                                 95 Current Unearned revenue 7,171                            6,713 Others Withholding taxes and others 2,635                            2,433 Accrued defined benefit liability 3                                   3 Others 10                                 10 Total current other liabilities 9,819                            9,159 Total other liabilities 9,972                            9,254", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 150, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "20042e386441ed1d"}, {"chunk_id": "5030a92126917aa8", "content": "3                                   3 Others 10                                 10 Total current other liabilities 9,819                            9,159 Total other liabilities 9,972                            9,254 A provision is recognized if, as a result of a past event, the Company has a present legal or constructive obligation that is reasonably estimable, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The Company recognizes a reimbursement asset when, and only when, it is virtually certain that the reimbursement will be received if the Company settles the obligation. a. Post-sales client support The Company provides its clients with a fixed-period post sales support on its fixed-price, fixed-timeframe contracts. Costs associated with such support services are accrued at the time related revenues are recorded in the Statement of Profit and Loss. The Company estimates such costs based on historical experience and estimates are reviewed on a periodic basis for any material changes in assumptions and likelihood of occurrence.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 150, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "20042e386441ed1d"}, {"chunk_id": "3c3efd477be11bcd", "content": "The Company estimates such costs based on historical experience and estimates are reviewed on a periodic basis for any material changes in assumptions and likelihood of occurrence. Provisions for onerous contracts are recognized when the expected benefits to be derived by the Company from a contract are lower than the unavoidable costs of meeting the future obligations under the contract. Provisions for estimated losses, if any, on incomplete contracts are recorded in the period in which such losses become probable based on the estimated efforts or costs to complete the contract. The provision is measured at the present value of the lower of the expected cost of terminating the contract and the expected net cost of continuing with the contract. Before a provision is established, the Company recognizes any impairment loss on the assets associated with that contract. Provision for post-sales client support and other provisions (In ₹ crore) Particulars September 30, 2025 March 31, 2025 Current Others Post-sales client support and other provisions 1,121                        993 Total provisions 1,121                        993 Provision for post sales client support and other provisions majorly represents costs associated with providing sales support services which are accrued at the time of recognition of revenues and are expected to be utilized over a period of 1 year.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 150, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "20042e386441ed1d"}, {"chunk_id": "3ba6d9392cce8434", "content": "expected to be utilized over a period of 1 year. Provision for post sales client support and other provisions is included in cost of sales in the condensed standalone statement of profit and loss. Income tax expense comprises current and deferred income tax. Income tax expense is recognized in net profit in the Statement of Profit and Loss except to the extent that it relates to items recognized directly in equity, in which case it is recognized in equity or other comprehensive income. Current income tax for current and prior periods is recognized at the amount expected to be paid to or recovered from the tax authorities, using the tax rates and tax laws that have been enacted or substantively enacted by the Balance Sheet date. Deferred income tax assets and liabilities are recognized for all temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized. Deferred income tax assets and liabilities are measured using tax rates and tax laws that have been enacted or substantively enacted by the Balance Sheet date and are expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 150, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "20042e386441ed1d"}, {"chunk_id": "a27efb674cc60bae", "content": "in the years in which those temporary differences are expected to be recovered or settled. The effect of changes in tax rates on deferred income tax assets and liabilities is recognized as income or expense in the period that includes the enactment or the substantive enactment date. A deferred income tax asset is recognized to the extent that it is probable that future taxable profit will be available against which the deductible temporary differences and tax losses can be utilized. Deferred income taxes are not provided on the undistributed earnings of subsidiaries and branches where it is expected that the earnings of the subsidiary or branch will not be distributed in the foreseeable future. The Company offsets current tax assets and current tax liabilities; deferred tax assets and deferred tax liabilities, where it has a legally enforceable right to set off the recognized amounts and where it intends either to settle on a net basis, or to realize the asset and settle the liability simultaneously. The income tax provision for the interim period is made based on the best estimate of the annual average tax rate expected to be applicable for the full financial year. Tax benefits of deductions earned on exercise of employee share options in excess of compensation charged to income are credited to equity. Income tax expense in the condensed Standalone statement of Profit and Loss comprises: (In ₹ crore) Particulars 2025", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 150, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "20042e386441ed1d"}, {"chunk_id": "a4747776b5538d03", "content": "Income tax expense in the condensed Standalone statement of Profit and Loss comprises: (In ₹ crore) Particulars 2025 2024 2025 2024 Current taxes 2,991                                2,956                          5,752                     5,643 Deferred taxes (281)                                  (362)                           (496)                      (689) Three months ended September 30, Six months ended September 30,", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 150, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "20042e386441ed1d"}, {"chunk_id": "581b7e3e31629d2a", "content": "Income tax expense 2,710                                2,594                          5,256                     4,954 Income tax expense for the three months ended September 30, 2025 and September 30, 2024 includes reversals (net of provisions) of ₹2 crore and provisions (net of reversals) of ₹88 crore, respectively. Income tax expense for the six months ended September 30, 2025 and September 30, 2024 includes provisions (net of reversals) of ₹116 crore and provisions (net of reversals) of ₹133 crore. These provisions and reversals pertaining to prior periods are primarily on account of adjudication of certain disputed matters, upon filing of tax return and completion of assessments, across various jurisdictions. Deferred income tax for the three months and six months ended September 30, 2025 and September 30, 2024 substantially relates to origination and reversal of temporary differences. The Company’s Advanced Pricing Arrangement (APA) with the Internal Revenue Service (IRS) for US branch income tax expired in March 2021. The Company has applied for renewal of APA and currently the US taxable income is based on the Company’s best estimate determined based on the expected value method. 2.17 REVENUE FROM OPERATIONS The Company derives revenues primarily from IT services comprising software development and related services, cloud and infrastructure services,", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 151, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a2de2b41eea76b91"}, {"chunk_id": "d203cc3e8b7cb97a", "content": "2.17 REVENUE FROM OPERATIONS The Company derives revenues primarily from IT services comprising software development and related services, cloud and infrastructure services, maintenance, consulting and package implementation, licensing of software products and platforms across the Company’s core and digital offerings (together called as “software related services”). Contracts with customers are either on a time-and-material, unit of work, fixed-price or on a fixed- timeframe basis. Revenues from customer contracts are considered for recognition and measurement when the contract has been approved in writing, by the parties, to the contract, the parties to contract are committed to perform their respective obligations under the contract, and the contract is legally enforceable. Revenue is recognized upon transfer of control of promised products or services (“performance obligations”) to customers in an amount that reflects the consideration the Company has received or expects to receive in exchange for these products or services (“transaction price”). When there is uncertainty as to collectability, revenue recognition is postponed until such uncertainty is resolved. The Company assesses the services promised in a contract and identifies distinct performance obligations in the contract. The Company allocates the", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 151, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a2de2b41eea76b91"}, {"chunk_id": "6c9123b668f86ea4", "content": "The Company assesses the services promised in a contract and identifies distinct performance obligations in the contract. The Company allocates the transaction price to each distinct performance obligation based on the relative standalone selling price. The price that is regularly charged for an item when sold separately is the best evidence of its standalone selling price. In the absence of such evidence, the primary method used to estimate standalone selling price is the expected cost plus a margin, under which the Company estimates the cost of satisfying the performance obligation and then adds an appropriate margin based on similar services. The Company’s contracts may include variable consideration including rebates, volume discounts and penalties. The Company includes variable consideration as part of transaction price when there is a basis to reasonably estimate the amount of the variable consideration and when it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is resolved. Revenue on time-and-material and unit of work based contracts, are recognized as the related services are performed. Fixed price maintenance revenue is recognized ratably either on a straight-line basis when services are performed through an indefinite number of repetitive acts over a specified period or", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 151, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a2de2b41eea76b91"}, {"chunk_id": "bf4127e5f0aec5b4", "content": "Fixed price maintenance revenue is recognized ratably either on a straight-line basis when services are performed through an indefinite number of repetitive acts over a specified period or ratably using a percentage of completion method when the pattern of benefits from the services rendered to the customer and Company’s costs to fulfil the contract is not even through the period of contract because the services are generally discrete in nature and not repetitive. Revenue from other fixed- price, fixed-timeframe contracts, where the performance obligations are satisfied over time is recognized using the percentage-of-completion method. Efforts or costs expended are used to determine progress towards completion as there is a direct relationship between input and productivity. Progress towards completion is measured as the ratio of costs or efforts incurred to date (representing work performed) to the estimated total costs or efforts. Estimates of transaction price and total costs or efforts are continuously monitored over the term of the contracts and are recognized in net profit in the period when these estimates change or when the estimates are revised. Revenues and the estimated total costs or efforts are subject to revision as the contract progresses. Provisions for estimated losses, if any, on incomplete contracts are recorded in the period in which such losses become probable", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 151, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a2de2b41eea76b91"}, {"chunk_id": "ab2c8349db04e341", "content": "contract progresses. Provisions for estimated losses, if any, on incomplete contracts are recorded in the period in which such losses become probable based on the estimated efforts or costs to complete the contract. The billing schedules agreed with customers include periodic performance based billing and / or milestone based progress billings. Revenues in excess of billing are classified as unbilled revenue while billing in excess of revenues are classified as contract liabilities (which we refer to as \"unearned revenues\"). In arrangements for software development and related services and maintenance services, by applying the revenue recognition criteria for each distinct performance obligation, the arrangements with customers generally meet the criteria for considering software development and related services as distinct performance obligations. For allocating the transaction price, the Company measures the revenue in respect of each performance obligation of a contract at its relative standalone selling price. The price that is regularly charged for an item when sold separately is the best evidence of its standalone selling price. In cases where the Company is unable to determine the standalone selling price, the Company uses the expected cost plus margin approach in estimating the standalone selling price. For software development and related services, the performance obligations are satisfied as and when the", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 151, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a2de2b41eea76b91"}, {"chunk_id": "3a15347bafbfefa2", "content": "in estimating the standalone selling price. For software development and related services, the performance obligations are satisfied as and when the services are rendered since the customer generally obtains control of the work as it progresses. Certain cloud and infrastructure services contracts include multiple elements which may be subject to other specific accounting guidance, such as leasing guidance. These contracts are accounted in accordance with such specific accounting guidance. In such arrangements where the Company is able to determine that hardware and services are distinct performance obligations, it allocates the consideration to these performance obligations on a relative standalone selling price basis. In the absence of standalone selling price, the Company uses the expected cost-plus margin approach in estimating the standalone selling price. When such arrangements are considered as a single performance obligation, revenue is recognized over the period and measure of progress is determined based on promise in the contract.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 151, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a2de2b41eea76b91"}, {"chunk_id": "1be1c3bec5644706", "content": "Revenue from licenses where the customer obtains a “right to use” the licenses is recognized at the time the license is made available to the customer. Revenue from licenses where the customer obtains a “right to access” is recognized over the access period. Arrangements to deliver software products generally have three elements: license, implementation and Annual Technical Services (ATS). When implementation services are provided in conjunction with the licensing arrangement and the license and implementation have been identified as two distinct separate performance obligations, the transaction price for such contracts are allocated to each performance obligation of the contract based on their relative standalone selling prices. In the absence of standalone selling price for implementation, the Company uses the expected cost plus margin approach in estimating the standalone selling price. Where the license is required to be substantially customized as part of the implementation service the entire arrangement fee for license and implementation is considered to be a single performance obligation and the revenue is recognized using the percentage-of-completion method as the implementation is performed. Revenue from client training, support and other services arising due to the sale of software products is recognized as the performance obligations are satisfied.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 153, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d842d99b93fcf2a5"}, {"chunk_id": "6472789814cc0e23", "content": "Revenue from client training, support and other services arising due to the sale of software products is recognized as the performance obligations are satisfied. ATS revenue is recognized ratably on a straight line basis over the period in which the services are rendered. Contracts with customers includes subcontractor services or third-party vendor equipment or software in certain integrated services arrangements. In these types of arrangements, revenue from sales of third-party vendor products or services is recorded net of costs when the Company is acting as an agent between the customer and the vendor, and gross when the Company is the principal for the transaction. In doing so, the Company first evaluates whether it obtains control of the specified goods or services before they are transferred to the customer. The Company considers whether it is primarily responsible for fulfilling the promise to provide the specified goods or services, inventory risk, pricing discretion and other factors to determine whether it controls the specified goods or services and therefore, is acting as a principal or an agent. A contract modification is a change in the scope or price or both of a contract that is approved by the parties to the contract. A contract modification that", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 153, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d842d99b93fcf2a5"}, {"chunk_id": "0c2a84b5cf75938e", "content": "A contract modification is a change in the scope or price or both of a contract that is approved by the parties to the contract. A contract modification that results in the addition of distinct performance obligations are accounted for either as a separate contract if the additional services are priced at the standalone selling price or as a termination of the existing contract and creation of a new contract if they are not priced at the standalone selling price. If the modification does not result in a distinct performance obligation, it is accounted for as part of the existing contract on a cumulative catch-up basis. The incremental costs of obtaining a contract (i.e., costs that would not have been incurred if the contract had not been obtained) are recognized as an asset if the Company expects to recover them. Certain eligible, nonrecurring costs (e.g. set-up or transition or transformation costs) that do not represent a separate performance obligation are recognized as an asset when such costs (a) relate directly to the contract; (b) generate or enhance resources of the Company that will be used in satisfying the performance obligation in the future; and (c) are expected to be recovered. Capitalized contract costs relating to upfront payments to customers are amortized to revenue and other capitalized costs are amortized to expenses over", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 153, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d842d99b93fcf2a5"}, {"chunk_id": "21a4a29f2ddadf75", "content": "Capitalized contract costs relating to upfront payments to customers are amortized to revenue and other capitalized costs are amortized to expenses over the respective contract life on a systematic basis consistent with the transfer of goods or services to customer to which the asset relates. Capitalized costs are monitored regularly for impairment. Impairment losses are recorded when present value of projected remaining operating cash flows is not sufficient to recover the carrying amount of the capitalized costs. Revenue from operations for the three months and six months ended September 30, 2025 and September 30, 2024 is as follows: The Company presents revenues net of indirect taxes in its Statement of Profit and Loss. Three months ended September 30, Six months ended September 30, Revenue from software services 36,664                      34,000                          71,683                    67,017 Revenue from products and platforms 243                           257                               499                         523 Total revenue from operations 36,907                      34,257                          72,182                    67,540 The percentage of revenue from fixed-price contracts for each of the three months ended September 30, 2025 and September 30, 2024 is 57%. The", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 153, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d842d99b93fcf2a5"}, {"chunk_id": "484cdc030f451df0", "content": "The percentage of revenue from fixed-price contracts for each of the three months ended September 30, 2025 and September 30, 2024 is 57%. The percentage of revenue from fixed-price contracts for the six months ended September 30, 2025 and September 30, 2024 is 58% and 57%, respectively. Trade receivables and Contract Balances The timing of revenue recognition, billings and cash collections results in receivables, unbilled revenue, and unearned revenue on the Company’s Balance Sheet. Amounts are billed as work progresses in accordance with agreed-upon contractual terms, either at periodic intervals (e.g., monthly or quarterly) or upon achievement of contractual milestones. The Company’s receivables are rights to consideration that are unconditional. Unbilled revenues comprising revenues in excess of billings from time and material contracts and fixed price maintenance contracts are classified as financial asset when the right to consideration is unconditional and is due only after a passage of time. Invoicing to the clients for other fixed price contracts is based on milestones as defined in the contract and therefore the timing of revenue recognition is different from the timing of invoicing to the customers. Therefore unbilled revenues for other fixed price contracts (contract asset) are classified as non- financial asset because the right to consideration is dependent on completion of contractual milestones.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 153, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d842d99b93fcf2a5"}, {"chunk_id": "e6f167b455f74d42", "content": "Therefore unbilled revenues for other fixed price contracts (contract asset) are classified as non- financial asset because the right to consideration is dependent on completion of contractual milestones. Invoicing in excess of earnings are classified as unearned revenue. Trade receivables and unbilled revenues are presented net of impairment in the Balance Sheet. 2.18 OTHER INCOME, NET Other income is comprised primarily of interest income, dividend income, gain / loss on investments and exchange gain/loss on forward and options contracts and on translation of foreign currency assets and liabilities. Interest income is recognized using the effective interest method. Dividend income is recognized when the right to receive payment is established. 2.18.2 Foreign currency The functional currency of the Company is the Indian rupee. These financial statements are presented in Indian rupees (rounded off to crore; one crore equals ten million). Transactions and translations", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 153, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d842d99b93fcf2a5"}, {"chunk_id": "e4920e0229e4d8d1", "content": "Foreign-currency denominated monetary assets and liabilities are translated into the relevant functional currency at exchange rates in effect at the Balance Sheet date. The gains or losses resulting from such translations are recognized in the condensed standalone Statement of Profit and Loss and reported within exchange gains/(losses) on translation of assets and liabilities, net, except when deferred in Other Comprehensive Income as qualifying cash flow hedges. Non-monetary assets and non-monetary liabilities denominated in a foreign currency and measured at fair value are translated at the exchange rate prevalent at the date when the fair value was determined. Non- monetary assets and non-monetary liabilities denominated in a foreign currency and measured at historical cost are translated at the exchange rate prevalent at the date of the transaction. The related revenue and expense are recognized using the same exchange rate. Transaction gains or losses realized upon settlement of foreign currency transactions are included in determining net profit for the period in which the transaction is settled. Revenue, expense and cash-flow items denominated in foreign currencies are translated into the relevant functional currencies using the exchange rate in effect on the date of the transaction.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 154, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "19ba3ada33c6d0a2"}, {"chunk_id": "31f5901890b4bdee", "content": "Revenue, expense and cash-flow items denominated in foreign currencies are translated into the relevant functional currencies using the exchange rate in effect on the date of the transaction. Other Comprehensive Income, net of taxes includes translation differences on non-monetary financial assets measured at fair value at the reporting date, such as equities classified as financial instruments and measured at fair value through other comprehensive income (FVOCI). The Company recognizes government grants only when there is reasonable assurance that the conditions attached to them shall be complied with, and the grants will be received. Government grants related to assets are treated as deferred income and are recognized in the net profit in the Statement of Profit and Loss on a systematic and rational basis over the useful life of the asset. Government grants related to revenue are recognized on a systematic basis in the net profit in the Statement of Profit and Loss over the periods necessary to match them with the related costs which they are intended to compensate. Other income for the three months and six months ended September 30, 2025 and September 30, 2024 is as follows: Three months ended September 30, Six months ended September 30, Interest income on financial assets carried at amortized cost Tax free bonds and government bonds", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 154, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "19ba3ada33c6d0a2"}, {"chunk_id": "0f1db6639f3ac6fc", "content": "Three months ended September 30, Six months ended September 30, Interest income on financial assets carried at amortized cost Tax free bonds and government bonds 16                               31                               42                               61 Deposit with Bank and others 362                             255                             707                             486 Interest income on financial assets carried at fair value through other comprehensive income Non-convertible debentures, commercial papers, certificates of deposit and government securities Income on investments carried at fair value through profit or loss 234                             211                             555                             526 Gain / (loss) on liquid mutual funds and other investments 40                               61                             103                             157 Income on investments carried at fair value through other comprehensive income 2                                 2 -                                   2 Income on investments carried at amortized cost 57 -                                 81 - Dividend received from subsidiary 1,398                          1,123                          1,398                          1,123 (650)                           (428)                        (1,359)                           (381) Exchange gains/(losses) on translation of other assets and liabilities", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 154, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "19ba3ada33c6d0a2"}, {"chunk_id": "30e792bd3aa0b81f", "content": "(650)                           (428)                        (1,359)                           (381) Exchange gains/(losses) on translation of other assets and liabilities 779                             410                          1,532                             373 Miscellaneous income, net 30                               72                               92                             111 Exchange gains/(losses) on foreign currency forward and options contracts Total other income 2,268                          1,737                          3,151                          2,458 2.19.1 Gratuity and Pension The Company provides for gratuity, a defined benefit retirement plan ('the Gratuity Plan') covering eligible Indian employees of Infosys. The Gratuity Plan provides a lump- sum payment to vested employees at retirement, death, incapacitation or termination of employment, of an amount based on the respective employee's salary and the tenure of employment with the Company. The Company contributes Gratuity liabilities to the Infosys Limited Employees' Gratuity Fund Trust (the Trust). Trustees administer contributions made to the Trusts and contributions are invested in a scheme with the Life Insurance Corporation of India as permitted by Indian law. The Company operates defined benefit pension plan in certain overseas jurisdictions, in accordance with the local laws. These plans are managed by third party fund managers.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 154, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "19ba3ada33c6d0a2"}, {"chunk_id": "fb842c560b55c352", "content": "The Company operates defined benefit pension plan in certain overseas jurisdictions, in accordance with the local laws. These plans are managed by third party fund managers. The plans provide for periodic payouts after retirement and / or for a lumpsum payment as set out in rules of each fund and includes death and disability benefits. The defined benefit plans require contributions which are based on a percentage of salary that varies depending on the age of the respective employees. Liabilities with regard to these defined benefit plans are determined by actuarial valuation, performed by an external actuary, at each Balance Sheet date using the projected unit credit method. These defined benefit plans expose the Company to actuarial risks, such as longevity risk,  interest rate risk and market risk. The Company recognizes the net obligation of a defined benefit plan in its Balance Sheet as an asset or liability. Gains and losses through re-measurements of the net defined benefit liability/(asset) are recognized in other comprehensive income and are not reclassified to profit or loss in subsequent periods. The actual return of the portfolio of plan assets, in excess of the yields computed by applying the discount rate used to measure the defined benefit obligation is recognized in other comprehensive income. The effect of any plan amendments is recognized in net profit in the Statement of Profit and Loss. 2.19.2 Provident fund", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 154, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "19ba3ada33c6d0a2"}, {"chunk_id": "0d41001741372bca", "content": "Eligible employees of Infosys receive benefits from a provident fund, which is a defined benefit plan. Both the eligible employee and the Company make monthly contributions to the provident fund plan equal to a specified percentage of the covered employee's salary. The Company contributes a portion to the Infosys Limited Employees' Provident Fund Trust. The trust invests in specific designated instruments as permitted by Indian law. The remaining portion is contributed to the government administered pension fund. The rate at which the annual interest is payable to the beneficiaries by the trust is being administered by the Government of India. The Company has an obligation to make good the shortfall, if any, between the return from the investments of the Trust and the notified interest rate. 2.19.3 Superannuation Certain employees of Infosys are participants in a defined contribution plan. The Company has no further obligations to the Plan beyond its monthly contributions which are periodically contributed to a trust fund, the corpus of which is invested with the Life Insurance Corporation of India. 2.19.4 Compensated absences The Company has a policy on compensated absences which are both accumulating and non-accumulating in nature. The expected cost of accumulating compensated", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 155, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8bf654e03fcd4861"}, {"chunk_id": "e560cc2c071f4736", "content": "2.19.4 Compensated absences The Company has a policy on compensated absences which are both accumulating and non-accumulating in nature. The expected cost of accumulating compensated absences is determined by actuarial valuation performed by an external actuary at each Balance Sheet date using projected unit credit method on the additional amount expected to be paid/availed as a result of the unused entitlement that has accumulated at the Balance Sheet date. Expense on non-accumulating compensated absences is recognized in the period in which the absences occur. Particulars Three months ended September 30, 2025 2024 2025 2024 Employee benefit expenses Six months ended September 30, Salaries including bonus 17,176                        16,079                        33,962                        31,830 Contribution to provident and other funds 576                             508                          1,151                          1,018 Share based payments to employees (Refer to note 2.11) 209                             181                             419                             370 Staff welfare 113                               96                             214                             141 18,074                        16,864                        35,746                        33,359 Cost of software packages and others For own use", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 155, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8bf654e03fcd4861"}, {"chunk_id": "02d26c2aadd7cd62", "content": "18,074                        16,864                        35,746                        33,359 Cost of software packages and others For own use 530                             484                          1,053                             946 Third party items bought for service delivery to clients 1,764                          1,896                          3,458                          3,551 2,294                          2,380                          4,511                          4,497 Other expenses Power and fuel 48                               48                             100                             106 Brand and Marketing 246                             218                             587                             528 Rates and taxes 62                               69                             122                             163 Repairs and Maintenance 278                             240                             544                             488 Consumables 8                                 8                               15                               15 Insurance 65                               59                             129                             121 Provision for post-sales client support and others 82                             129                           (103)                               19 Commission to non-whole time directors", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 155, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8bf654e03fcd4861"}, {"chunk_id": "c4406d104a01b835", "content": "Provision for post-sales client support and others 82                             129                           (103)                               19 Commission to non-whole time directors 5                                 4                                 9                                 8 Impairment loss recognized / (reversed) under expected credit loss model 25                               63                               64                               67 Auditor's remuneration Statutory audit fees 2                                 2                                 4                                 4 Contributions towards Corporate Social Responsibility 137                             144                             243                             304 Others 136                               99                             227                             194 1,094                          1,083                          1,941                          2,017 2.20 EARNINGS PER EQUITY SHARE Basic earnings per equity share is computed by dividing the net profit attributable to the equity holders of the Company by the weighted average number of equity shares outstanding during the period. Diluted earnings per equity share is computed by dividing the net profit attributable to the equity holders of the Company by the weighted", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 155, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8bf654e03fcd4861"}, {"chunk_id": "ace071fee85c4819", "content": "outstanding during the period. Diluted earnings per equity share is computed by dividing the net profit attributable to the equity holders of the Company by the weighted average number of equity shares considered for deriving basic earnings per equity share and also the weighted average number of equity shares that could have been issued upon conversion of all dilutive potential equity shares. The dilutive potential equity shares are adjusted for the proceeds receivable had the equity shares been actually issued at fair value (i.e. the average market value of the outstanding equity shares). Dilutive potential equity shares are deemed converted as at the beginning of the period, unless issued at a later date. Dilutive potential equity shares are determined independently for each period presented. The number of equity shares and potentially dilutive equity shares are adjusted retrospectively for all periods presented for any share splits and bonus shares issues including for changes effected prior to the approval of the financial statements by the Board of Directors. 2.21 CONTINGENT LIABILITIES AND COMMITMENTS Contingent liability is a possible obligation arising from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 155, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8bf654e03fcd4861"}, {"chunk_id": "791c73f4dce814ca", "content": "Contingent liability is a possible obligation arising from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity or a present obligation that arises from past events but is not recognized because it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation or  the amount of the obligation cannot be measured with sufficient reliability. (In ₹ crore) Particulars September 30, 2025 March 31, 2025 Contingent liabilities: Claims against the Company, not acknowledged as debts(1) 1,781                       1,772 [Amount paid to statutory authorities ₹834 crore (₹3,815 crore)]", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 155, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8bf654e03fcd4861"}, {"chunk_id": "cb5fba4668e14d9e", "content": "Estimated amount of contracts remaining to be executed on capital contracts and not provided for (net of advances and deposits)(2) 1,050                          868 Other Commitments* 26                            27 * Uncalled capital pertaining to investments (1) As at September 30, 2025 and March 31, 2025, claims against the Company not acknowledged as debts in respect of income tax matters amounted to ₹1,341 crore and ₹1,290 crore, respectively. The claims against the Company primarily represent demands arising on completion of assessment proceedings under the Income Tax Act, 1961. These claims are on account of issues of disallowance of expenditure towards software being held as capital in nature, payments made to Associated Enterprises held as liable for withholding of taxes, among others. These matters are pending before various Income Tax Authorities and the Management including its tax advisors expect that its position will likely be upheld on ultimate resolution and will not have a material adverse effect on the Company financial position and results of operations. Amount paid to statutory authorities against the tax claims amounted to ₹826 crore and ₹3,810  crore as at September 30, 2025 and March 31, 2025, respectively. (2) Capital contracts primarily comprises of commitments for infrastructure facilities and computer equipments. Government Investigation The U.S.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 156, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1392f37b8276ef00"}, {"chunk_id": "ad926155fad51ef8", "content": "(2) Capital contracts primarily comprises of commitments for infrastructure facilities and computer equipments. Government Investigation The U.S. Department of Justice (“DOJ”) is conducting an investigation regarding how the Company classified certain H-1B visa-recipient employees working for one of its clients in immigration documents filed with certain U.S. government authorities. The Company is engaged in discussions with the DOJ regarding its ongoing investigation and has commenced its own inquiry regarding the matter. At this stage, the Company is unable to predict the outcome of this matter, including whether such outcome could have a material adverse effect on the Company’s business and results of operations. Apart from the foregoing, the Company is subject to legal proceedings and claims, which have arisen in the ordinary course of business. The Company’s management reasonably expects that such ordinary course legal actions, when ultimately concluded and determined, may not have a material and adverse effect on the Company’s results of operations or financial condition. 2.22 RELATED PARTY TRANSACTIONS Changes in Subsidiaries Refer to the Company's Annual Report for the year ended March 31, 2025 for the full names and other details of the Company's subsidiaries and controlled trusts. During the six months ended September 30, 2025, the following are the changes in the subsidiaries:", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 156, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1392f37b8276ef00"}, {"chunk_id": "40cc7d8a38629446", "content": "During the six months ended September 30, 2025, the following are the changes in the subsidiaries: Infosys Energy Consulting Services LLC , a wholly-owned subsidiary of Infosys Nova Holdings LLC was incorporated on April 16, 2025. Infosys Saudi Arabia LLC, a wholly-owned subsidiary of Infosys Limited was incorporated on April 21, 2025. Infosys Australia Technology Service Pty Ltd, a wholly-owned subsidiary of Infosys Singapore Pte. Limited was incorporated on April 23, 2025. On April 30, 2025, Infosys Nova Holdings LLC , a wholly-owned subsidiary of Infosys Limited, acquired 98.21% of partnership interests in MRE Consulting Ltd along with its subsidiary MRE Technology Services, LLC. The remaining 1.79% was acquired by Infosys Energy Consulting Services LLC , a Wholly-owned subsidiary of Infosys Nova Holdings LLC. On April 30, 2025, Infosys Australia Technology Service Pty Ltd, a wholly owned subsidiary of Infosys Singapore Pte. Limited, acquired 100% of voting interests in The Missing Link Automation Pty Ltd, The Missing Link Network Integration Pty Ltd and The Missing Link Security Pty Ltd along with its subsidiary The Missing Link Security Ltd in-tech Automotive Engineering de. R L de. C V, a wholly-owned subsidiary of in-tech GmbH has been liquidated effective May 07, 2025. On May 13, 2025,  Infosys Singapore Pte Ltd diluted 2% stake of HIPUS Co., Ltd to Mitsubishi Heavy Industries, Ltd.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 156, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1392f37b8276ef00"}, {"chunk_id": "2157e24bd0691f99", "content": "C V, a wholly-owned subsidiary of in-tech GmbH has been liquidated effective May 07, 2025. On May 13, 2025,  Infosys Singapore Pte Ltd diluted 2% stake of HIPUS Co., Ltd to Mitsubishi Heavy Industries, Ltd. Infosys BPM Canada Inc, a Wholly-owned subsidiary of Infosys BPM UK Limited was incorporated on July 28, 2025 Infosys Germany Gmbh, a Wholly-owned subsidiary of Infosys Singapore Pte Ltd merged into Infosys Germany SE (formerly known as Blitz 24-893 SE) effective September 24, 2025 The Company’s related party transactions during the three months and six months ended September 30, 2025 and September 30, 2024 and outstanding balances as at September 30, 2025 and March 31, 2025 are with its subsidiaries with whom the Company generally enters into transactions which are at arms length and in the ordinary course of business. Transactions with key management personnel The table below describes the compensation to key management personnel which comprise directors and executive officers: (In ₹ crore) Particulars Three months ended September 30, Six months ended September 30, Salaries and other short term employee benefits to whole-time directors and executive officers(1)(2) 2025 2024 2025 2024 30 28 60 56 Commission and other benefits to non-executive / independent directors 5 5 9 9 Total 35 33 69 65", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 156, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1392f37b8276ef00"}, {"chunk_id": "4f5520f441d5241d", "content": "officers(1)(2) 2025 2024 2025 2024 30 28 60 56 Commission and other benefits to non-executive / independent directors 5 5 9 9 Total 35 33 69 65 ⁽¹⁾ Total employee stock compensation expense for the three months ended September 30, 2025 and September 30, 2024 includes a charge of ₹18 crore and ₹17 crore, respectively, towards key management personnel.For the six months ended September 30, 2025 and September 30, 2024, includes a charge of ₹35 crore and ₹35 crore respectively, towards key management personnel. (Refer to note 2.11). (2) Does not include post-employment benefits and other long-term benefits based on actuarial valuation as these are done for the Company as a whole. 2.23 SEGMENT REPORTING The Company publishes this financial statement along with the interim condensed consolidated financial statements. In accordance with Ind AS 108, Operating Segments, the Company has disclosed the segment information in the interim condensed consolidated financial statements. for and on behalf of the Board of Directors of Infosys Limited Nandan M. Nilekani Salil Parekh Bobby Parikh Chairman Chief Executive Officer Director DIN: 00041245 and Managing Director DIN: 00019437 DIN: 01876159 Jayesh Sanghrajka A.G.S. Manikantha Bengaluru Chief Financial Officer Company Secretary October 16, 2025 Membership No. A21918", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 156, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1392f37b8276ef00"}, {"chunk_id": "5bea0853994d987c", "content": "[OCR] Deloitte Chartered Accountants Prestige Trade Tower; Level 19 Haskins & Sells LLP 46, Palace Road, High Grounds Bengaluru-560 001 Karnataka, India Tel: +91 80 6188 6000 Fax: +91 80 6188 6011 INDEPENDENT AUDITOR'S REPORT TO THE BOARD OF DIRECTORS OF INFOSYS LIMITED Report on the Audit of the Interim Condensed Consolidated Financial Statements Opinion We have audited the accompanying interim condensed consolidated financial statements of INFOSYS LIMITED (the Company\"), and its subsidiaries (the Company and its subsidiaries together referred to as the Group\") , which comprise the Condensed Consolidated Balance Sheet as at September 30, 2025, the Condensed Consolidated Statement of Profit and Loss (including Other Comprehensive Income) for the three months and six months ended on that date, the Condensed   Consolidated of Changes Statement the Condensed in Equity, and Consolidated Statement of Cash Flows for the six months ended on that date, and notes to the statements   including financial material accounting of the summary policies and other explanatory information (hereinafter   referred to the \"interim consolidated condensed as financial statements\"). In our opinion and to the best of our information and according to the explanations given to uS, the aforesaid interim condensed consolidated financial statements give a true and fair view in conformity with the Indian Accounting Standard 34 \"Interim Financial Reporting\" (\"Ind AS", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 157, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a636309b5b9d2652"}, {"chunk_id": "e5bb0baf0b05bae2", "content": "uS, the aforesaid interim condensed consolidated financial statements give a true and fair view in conformity with the Indian Accounting Standard 34 \"Interim Financial Reporting\" (\"Ind AS 34\") prescribed under section 133 of the Companies Act, 2013 (the Act\") , read with relevant rules issued thereunder and other accounting principles generally accepted in India, of the consolidated state of affairs of the Group as at September 30 , 2025, its consolidated profit; its consolidated total comprehensive income for the three months and six months ended on that date, its consolidated changes in equity and its consolidated cash flows for the six months ended on that date Basis for Opinion We   conducted audit of the interim condensed consolidated financial our statements in accordance with the Standards on Auditing (\"SAs\") specified under section 143 (10) of the Act. responsibilities those under Standards Our further described the Auditor's are in Responsibilities for the Audit of the Interim Condensed Consolidated Financial Statements section of our report: We are independent of the Group in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (\"ICAI\") together with the ethical requirements that are relevant to our audit of the interim condensed consolidated financial provisions of the Act and the Rules made thereunder, and statements under the we have", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 157, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a636309b5b9d2652"}, {"chunk_id": "41e475acf3799fa5", "content": "requirements that are relevant to our audit of the interim condensed consolidated financial provisions of the Act and the Rules made thereunder, and statements under the we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI's Code of Ethics We believe that the audit evidence obtained by uS is sufficient and appropriate to provide basis for our audit opinion the interim consolidated   financial condensed on statements_ Responsibilities of Management and Board of Directors for the Interim Condensed Consolidated Financial Statements The Company's Board of Directors is responsible for the preparation and presentation of these condensed consolidated financial statements that give interim true and fair view of the consolidated financial consolidated performance , position, financial consolidated total comprehensive income, consolidated changes in equity and consolidated cash flows of the Group in accordance with Ind AS 34 and other accounting principles generally accepted in India. The respective Boards of Directors of the entities included in the Group are responsible for maintenance of the adequate accounting records for safeguarding the assets of the Group and for preventing and detecting frauds and ther irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 157, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a636309b5b9d2652"}, {"chunk_id": "edb521e0e4240dee", "content": "and for preventing and detecting frauds and ther irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, Marg; Regd. Office: One International Center; Tower 3,31st floor, Senapati Bapat Elphinstone Road (West) Mumbai-400 013, Maharashtra; India_ Liability having LLP identification No: AAB-8737 Deloitte Haskins & Sells LLP is registered with Limited", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 157, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a636309b5b9d2652"}, {"chunk_id": "65cfcd1dad4f9cb3", "content": "[OCR] Deloitte Haskins & Sells LLP that were operating effectively for ensuring the accuracy and completeness of the accounting records, the preparation and presentation relevant to of the respective interim financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error which have been used for the purpose of preparation of the interim condensed consolidated financial statements by the Directors of the Company, as aforesaid In preparing the interim condensed consolidated financial statements, the respective Boards of Directors of the entities included in the Group are responsible for assessing the ability of the respective entities to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Boards of Directors either intend to liquidate their own respective entities or to cease operations, or have no realistic alternative but to do so. The respective Boards of Directors of the entities included in the Group are also responsible for overseeing the financial reporting process of the Group: Auditor's Responsibilities for the Audit of Condensed Consolidated the Interim Financial Statements are to obtain reasonable Our objectives about whether the interim condensed assurance consolidated financial statements as material misstatement, whether whole are free from", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 159, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "adbd6c2c3a0eb32f"}, {"chunk_id": "824eee1f0301b605", "content": "Condensed Consolidated the Interim Financial Statements are to obtain reasonable Our objectives about whether the interim condensed assurance consolidated financial statements as material misstatement, whether whole are free from due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable high level of assurance assurance is but is not guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate they could reasonably be expected to influence the economic decisions of users taken on the basis of these interim condensed consolidated financial statements As part of an audit in accordance with SAS, we exercise professional judgment and maintain professional scepticism throughout the audit: We also: Identify and the risks of material of misstatement the interim condensed assess consolidated financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and risk of not detecting appropriate to provide basis for our   opinion. The material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control_", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 159, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "adbd6c2c3a0eb32f"}, {"chunk_id": "f1d55184145a7bf6", "content": "material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control_ understanding of internal financial controls relevant to the audit in order to Obtain an design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on effectiveness of such controls the appropriateness Evaluate of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management: Conclude the appropriateness of management's use of the going concern basis of on accounting and, material uncertainty based on the audit evidence obtained, whether exists related to events or conditions that may cast significant doubt on the ability of the Group to continue as a going concern: If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the interim condensed consolidated financial statements or, if such disclosures are inadequate, to modify our opinion: Our conclusions are based on the audit evidence obtained up to the date of our auditor's report: However, future events or conditions may cause the Group to cease to continue as a going concern: [OCR] Deloitte Haskins & Sells LLP overall   presentation, Evaluate the and content of structure the interim condensed consolidated financial", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 159, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "adbd6c2c3a0eb32f"}, {"chunk_id": "0f64272a65079fa7", "content": "cease to continue as a going concern: [OCR] Deloitte Haskins & Sells LLP overall   presentation, Evaluate the and content of structure the interim condensed consolidated financial the disclosures, statements, including and whether the interim consolidated financial statements represent the underlying transactions and condensed a manner that achieves fair presentation. events in Obtain sufficient appropriate audit evidence regarding the financial information of the entities within the Group to express an opinion on the interim condensed consolidated financial statements, We are responsible for the direction, supervision and performance of of financial statements the audit of entities included such in the interim condensed consolidated financial statements of which we are independent auditors: Materiality is the magnitude of misstatements in the interim condensed consolidated financial statements that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the interim condensed consolidated financial statements may be influenced_ We consider quantitative materiality and qualitative factors in (W) planning the scope of our audit work and in evaluating the results of our work; and (i) to evaluate the identified effect of misstatements the interim condensed consolidated any financial in statements. We communicate with those charged with governance of the Company and such other entities included the Interim Condensed Consolidated", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 159, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "adbd6c2c3a0eb32f"}, {"chunk_id": "29485606f1efaadb", "content": "effect of misstatements the interim condensed consolidated any financial in statements. We communicate with those charged with governance of the Company and such other entities included the Interim Condensed Consolidated Financial Statements of which in we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings including any significant deficiencies in internal financial controls that we identify during our audit: We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. For DELOITTE HASKINS & SELLS LLP Chartered Accountants istration No. 117366W/W-100018) Reg (Firm's (x Vikas Bagaria Partner (Membership No.060408) UDIN: Place: Bengaluru Date: October 16, 2025", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 159, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "adbd6c2c3a0eb32f"}, {"chunk_id": "bdbdf833fbba6d58", "content": "Indian Accounting Standards (Ind AS) for the three months and six months ended September 30, 2025 Condensed Consolidated Balance Sheet …………………………………………………………………………………………………………………….. 1 Condensed Consolidated Statement of Profit and Loss ………………………………………………………………………………………………………………… 2 Condensed Consolidated Statement of Changes in Equity ……………………………………………………………………………………………………………… 3 Condensed Consolidated Statement of Cash Flows ……………………………………………………………………………………………………………………. 5 Overview and Notes to the Interim Condensed Consolidated Financial Statements 1.1 Company overview …………………………………………………………………………………………………………………….. 7 1.2 Basis of preparation of financial statements …………………………………………………………………………………………………………………… 7 1.3 Basis of consolidation …………………………………………………………………………………………………………………….. 7 1.4 Use of estimates and judgments …………………………………………………………………………………………………………………….. 7 1.5 Critical accounting estimates and judgments…………………………………………………………………… 7 2. Notes to the Interim Condensed Consolidated Financial Statements 2.1 Business Combinations ………………………………………………………………………………………… 9 2.2 Property, plant and equipment …………………………………………………………………………………………………………………….. 10 2.3 Goodwill and intangible assets…………………………………………………………………………………………………………………….. 12 2.4 Investments …………………………………………………………………………………………………………………………………………….. 13 2.5 Loans …………………………………………………………………………………………………………………………………………….. 14", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 161, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "64ee2661a53076e1"}, {"chunk_id": "77327d3d098357e1", "content": "12 2.4 Investments …………………………………………………………………………………………………………………………………………….. 13 2.5 Loans …………………………………………………………………………………………………………………………………………….. 14 2.6 Other financial assets …………………………………………………………………………………………………………………………………………… 14 2.7 Trade receivables …………………………………………………………………………………………………………………………………………….. 14 2.8 Cash and cash equivalents ……………………………………………………………………………………………………………………………………… 15 2.9 Other assets …………………………………………………………………………………………………………………………………………….. 15 2.10 Financial instruments ………………………………………………………………………………………………………………………………………… 16 2.11 Equity …………………………………………………………………………………………………………………………………………….. 20 2.12 Other financial liabilities ……………………………………………………………………………………………………………………………………… 24 2.13 Other liabilities …………………………………………………………………………………………………………………………………………….. 25 2.14 Provisions …………………………………………………………………………………………………………………………………………….. 25 2.15 Income taxes …………………………………………………………………………………………………………………………………………….. 26 2.16 Revenue from operations ……………………………………………………………………………………………………………………………………… 27 2.17 Other income, net ……………………………………………………………………………………………………………………………………………. 29 2.18 Expenses …………………………………………………………………………………………………………………………………………….. 30 2.19 Leases …………………………………………………………………………………………………………………………………………….. 31 2.20 Earnings per equity share ……………………………………………………………………………………………………………………………………… 33 2.21 Contingent liabilities and commitments  ……………………………………………………………………………… 33", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 161, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "64ee2661a53076e1"}, {"chunk_id": "9c7313e771d62fa8", "content": "31 2.20 Earnings per equity share ……………………………………………………………………………………………………………………………………… 33 2.21 Contingent liabilities and commitments  ……………………………………………………………………………… 33 2.22 Related party transactions ……………………………………………………………………………………………………………………………………… 35 2.23 Segment reporting ……………………………………………………………………………………………………………………………………………. 36 2.24 Function wise classification of Condensed Consolidated Statement of Profit and Loss ……………………………………………………………………… 38 (In ₹ crore ) Condensed Consolidated Balance Sheets as at Note No. September 30, 2025 March 31, 2025 ASSETS Non-current assets Property, plant and equipment 2.2 11,596                                 11,778 Right-of-use assets 2.19 6,390                                   6,311 Capital work-in-progress 1,124                                      814 Goodwill 2.3 11,502                                 10,106 Other intangible assets 3,168                                   2,766 Financial assets Investments 2.4 10,879                                 11,059 Loans 2.5 9                                        16 Other financial assets 2.6 3,769                                   3,511 Deferred tax assets (net) 1,526                                   1,108 Income tax assets (net) 2,006                                   1,622 Other non-current assets 2.9 2,644                                   2,713 Total non-current assets 54,613                                 51,804 Current assets Financial assets Investments 2.4", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 161, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "64ee2661a53076e1"}, {"chunk_id": "891cdba052b7dd42", "content": "Other non-current assets 2.9 2,644                                   2,713 Total non-current assets 54,613                                 51,804 Current assets Financial assets Investments 2.4 12,606                                 12,482 Trade receivables 2.7 33,968                                 31,158 Cash and cash equivalents 2.8 31,832                                 24,455 Loans 2.5 243                                      249 Other financial assets 2.6 14,927                                 13,840 Income tax assets (net) 26                                   2,975 Other current assets 2.9 12,165                                 11,940 Total current assets 105,767                                 97,099 Total assets 160,380                               148,903 EQUITY AND LIABILITIES Equity 2.11 2,074                                   2,073 Other equity 101,256                                 93,745 Total equity attributable to equity holders of the Company 103,330                                 95,818 Non-controlling interests 414                                      385 Total equity 103,744                                 96,203 Liabilities Non-current liabilities Financial Liabilities Lease liabilities 2.19 5,983                                   5,772 Other financial liabilities 2.12 2,320                                   2,141 Deferred tax liabilities (net) 1,688                                   1,722 Other non-current liabilities 2.13", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 161, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "64ee2661a53076e1"}, {"chunk_id": "13c0ec55b543a180", "content": "Other financial liabilities 2.12 2,320                                   2,141 Deferred tax liabilities (net) 1,688                                   1,722 Other non-current liabilities 2.13 247                                      215 Total non-current liabilities 10,238                                   9,850 Current liabilities Financial Liabilities", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 161, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "64ee2661a53076e1"}, {"chunk_id": "2ffe41dcd804f128", "content": "Lease liabilities 2.19 2,772                                   2,455 Trade payables 3,839                                   4,164 Other financial liabilities 2.12 20,074                                 18,138 Other current liabilities 2.13 12,488                                 11,765 Provisions 2.14 1,632                                   1,475 Income tax liabilities (net) 5,593                                   4,853 Total current liabilities 46,398                                 42,850 Total equity and liabilities 160,380                               148,903 The accompanying notes form an integral part of the interim condensed consolidated financial statements As per our report of even date attached for Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited Chartered Accountants Firm’s Registration No : Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director Membership No. 060408 DIN: 00041245 and Managing Director DIN: 00019437 Bengaluru Jayesh Sanghrajka A.G.S. Manikantha October 16, 2025 Chief Financial Officer Company Secretary (In ₹ crore, except equity share and per equity share data) Note No. 2025 2024 2025 2024 Revenue from operations 2.16 44,490                   40,986                   86,769                  80,300 Other income, net 2.17 982                        712                     2,024                    1,551 Total income", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 162, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6b851685dde0d050"}, {"chunk_id": "7e57130ca46a8e96", "content": "2.16 44,490                   40,986                   86,769                  80,300 Other income, net 2.17 982                        712                     2,024                    1,551 Total income 45,472                   41,698                   88,793                  81,851 Condensed Consolidated Statement of Profit and Loss for the Six months ended September 30, Three months ended September 30, Expenses Employee benefit expenses 2.18 23,438                   21,564                   46,284                  42,498 Cost of technical sub-contractors 3,879                     3,190                     7,376                    6,359 Travel expenses 539                        458                     1,055                       936 Cost of software packages and others 2.18 4,025                     3,949                     7,771                    7,404 Communication expenses 160                        169                        303                       316 Consultancy and professional charges 480                        451                        943                       895 Depreciation and amortization expenses 1,182                     1,160                     2,323                    2,310 Finance cost 106                        108                        211                       214 Other expenses 2.18 1,434                     1,396                     2,557                    2,645 Total expenses", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 162, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6b851685dde0d050"}, {"chunk_id": "089831aaa1611179", "content": "Finance cost 106                        108                        211                       214 Other expenses 2.18 1,434                     1,396                     2,557                    2,645 Total expenses 35,243                   32,445                   68,823                  63,577 Profit before tax 10,229                     9,253                   19,970                  18,274 Tax expense: Current tax 2.15 3,178                     3,146                     6,232                    6,144 Deferred tax 2.15 (324)                      (409)                      (562)                     (760) Profit for the period 7,375                     6,516                   14,300                  12,890 Other comprehensive income Items that will not be reclassified subsequently to profit or loss Remeasurement of the net defined benefit liability/asset, net (38)                          78                      (108)                         98 Equity instruments through other comprehensive income, net (8)                          (9)                          27                           5 (46)                          69                        (81)                       103 Items that will be reclassified subsequently to profit or loss Fair value changes on derivatives designated as cash flow hedge, net —                        (21)                            6                       (24)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 162, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6b851685dde0d050"}, {"chunk_id": "23ccc456136a6cb4", "content": "Fair value changes on derivatives designated as cash flow hedge, net —                        (21)                            6                       (24) 862                        560                     1,881                       456 Fair value changes on investments, net (34)                          86                          89                       126 Exchange differences on translation of foreign operations 828                        625                     1,976                       558 Total other comprehensive income /(loss), net of tax 782                        694                     1,895                       661 Total comprehensive income for the period 8,157                     7,210                   16,195                  13,551 Profit attributable to: Owners of the Company 7,364                     6,506                   14,285                  12,874 Non-controlling interests 11                          10                          15                         16 7,375                     6,516                   14,300                  12,890 Total comprehensive income attributable to: Owners of the Company 8,140                     7,190                   16,165                  13,527 Non-controlling interests 17                          20                          30                         24 8,157                     7,210                   16,195                  13,551 Earnings per equity share", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 162, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6b851685dde0d050"}, {"chunk_id": "094c437f92b238d4", "content": "17                          20                          30                         24 8,157                     7,210                   16,195                  13,551 Earnings per equity share Equity shares of par value ₹5/- each Basic (₹) 17.76                     15.71                     34.47                    31.09 Diluted (₹) 17.74                     15.68                     34.41                    31.02 Weighted average equity shares used in computing earnings per equity share Basic (in shares) 2.20 4,145,208,267       4,141,806,535       4,144,593,296      4,141,043,772 Diluted (in shares) 2.20 4,151,315,578       4,150,537,764       4,151,441,800      4,150,210,087 The accompanying notes form an integral part of the interim condensed consolidated financial statements As per our report of even date attached for Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited Chartered Accountants Firm’s Registration No : Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director Membership No. 060408 DIN: 00041245 and Managing Director DIN: 00019437", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 162, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6b851685dde0d050"}, {"chunk_id": "58649b78b6b644e9", "content": "Bengaluru Jayesh Sanghrajka A.G.S. Manikantha October 16, 2025 Chief Financial Officer Company Secretary Membership No. A21918 Condensed Consolidated Statement of Changes in Equity INFOSYS LIMITED AND SUBSIDIARIES (In ₹ crore) Particulars OTHER EQUITY Reserves & Surplus Other comprehensive income Other reserves (3) Equity instruments through other comprehensive Exchange differences on translating the Effective portion of Cash Flow Total equity attributable to equity holders of financial statements of a foreign operation Balance as at  April 1, 2024 2,071                 54               169              616        68,405           1,214                           913        12,104                                       22                     266                       2,552                       6                    (276) 88,116               345          88,461 Changes in equity for the six months ended September 30, 2024 Profit for the period —                 —                 —                —        12,874                —                             —                —                                       —                        —                            —                     —                        —          12,874                  16          12,890 Remeasurement of the net defined benefit liability/asset, net*", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 163, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d534b568501ea870"}, {"chunk_id": "e5f8d390a7dc31e0", "content": "Remeasurement of the net defined benefit liability/asset, net* —                 —                 —                —                —                —                             —                —                                       —                        —                            —                     —                        98                  98                  —                  98 Equity instruments through other comprehensive income, net* —                 —                 —                —                —                —                             —                —                                       —                          5                            —                     —                        —                    5                  —                    5 Fair value changes on derivatives designated as cash flow hedge, net* —                 —                 —                —                —                —                             —                —                                       —                        —                            —                   (24)                        —                (24)                  —                (24) Exchange differences on translation of foreign operations", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 163, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d534b568501ea870"}, {"chunk_id": "51912e8aef614ed5", "content": "Exchange differences on translation of foreign operations —                 —                 —                —                —                —                             —                —                                       —                        —                          448                     —                        —               448                    8               456 Fair value changes on investments, net* —                 —                 —                —                —                —                             —                —                                       —                        —                            —                     —                     126               126                  —               126 Total Comprehensive income for the period —                 —                 —                —        12,874                —                             —                —                                       —                          5                          448                   (24) 224          13,527                  24          13,551 Shares issued on exercise of employee stock options (Refer to Note 2.11)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 163, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d534b568501ea870"}, {"chunk_id": "b01d729780354c10", "content": "224          13,527                  24          13,551 Shares issued on exercise of employee stock options (Refer to Note 2.11) 1                 —                 —                  2                —                —                             —                —                                       —                        —                            —                     —                        —                    3                  —                    3 Employee stock compensation expense (Refer to Note 2.11) —                 —                 —                —                —                —                           408                —                                       —                        —                            —                     —                        —               408                  —               408 Transferred on account of exercise of stock options (Refer to note 2.11) —                 —                 —              234                —                —                         (234)                —                                       —                        —                            —                     —                        —                  —                  —                  — Transferred on account of options not exercised", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 163, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d534b568501ea870"}, {"chunk_id": "027a32868683a435", "content": "Transferred on account of options not exercised —                 —                 —                —                —                18                           (18)                —                                       —                        —                            —                     —                        —                  —                  —                  — Income tax benefit arising on exercise of stock options —                 —                 —                —                —                —                               6                —                                       —                        —                            —                     —                        —                    6                  —                    6 Transfer to legal reserve —                 —                 —                —                (2)                —                             —                —                                         2                        —                            —                     —                        —                  — — Dividends (1)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 163, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d534b568501ea870"}, {"chunk_id": "ef2f38c60d2af42c", "content": "— Dividends (1) —                 —                 —                —       (11,597)                —                             —                —                                       —                        —                            —                     —                        —        (11,597)                  —        (11,597) Dividends paid to non controlling interest of subsidiary —                 —                 —                —                —                —                             —                —                                       —                        —                            —                     —                        —                  —                  (2)                  (2)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 163, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d534b568501ea870"}, {"chunk_id": "1c077c0b7dea1145", "content": "Transferred from Special Economic Zone Re-investment reserve to retained earnings —                 —                 —                —           2,998                —                             —         (2,998) —                        —                            —                     —                        —                  —                  —                  — Transferred from Special Economic Zone Re-investment reserve on utilization —                 —                 —                —              233                —                             —            (233) —                        —                            —                     —                        —                  —                  —                  — Balance as at September 30, 2024 2,072                 54               169              852        72,911           1,232                        1,075           8,873                                       24                     271                       3,000                   (18)                      (52) 90,463               367          90,830 Condensed Consolidated Statement of Changes in Equity (contd.) Other reserves (3) Equity instruments through other comprehensive Other comprehensive income Exchange differences on translating the Effective portion of Cash Flow Total equity attributable financial statements of a foreign operation to equity holders of Balance as at April 1, 2025", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 164, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e47a84a39c46d05d"}, {"chunk_id": "3a1fdf30322d4a57", "content": "comprehensive Other comprehensive income Exchange differences on translating the Effective portion of Cash Flow Total equity attributable financial statements of a foreign operation to equity holders of Balance as at April 1, 2025 2,073                 54               169           1,091        78,627           1,412                        1,068           8,298                                       24                     285                       2,904                   (18)                    (169) 95,818               385          96,203 Changes in equity for the six months ended September 30, 2025 Profit for the period —                 —                 —                —        14,285                —                             —                —                                       —                        —                            —                     —                        —          14,285                  15          14,300 Remeasurement of the net defined benefit liability/asset, net* —                 —                 —                —                —                —                             —                —                                       —                        —                            —                     —                    (108)              (108)                  —              (108) Equity instruments through other comprehensive income, net*", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 164, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e47a84a39c46d05d"}, {"chunk_id": "ef7d3f13c95ecbf4", "content": "Equity instruments through other comprehensive income, net* —                 —                 —                —                —                —                             —                —                                       —                        27                            —                     —                        —                  27                  —                  27 Fair value changes on derivatives designated as cash flow hedge, net* —                 —                 —                —                —                —                             —                —                                       —                        —                            —                       6                        —                    6                  —                    6 Exchange differences on translation of foreign operations —                 —                 —                —                —                —                             —                —                                       —                        —                       1,866                     —                        —            1,866                  15            1,881 Fair value changes on investments, net*", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 164, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e47a84a39c46d05d"}, {"chunk_id": "445d0bc99b37b957", "content": "Fair value changes on investments, net* —                 —                 —                —                —                —                             —                —                                       —                        —                            —                     —                        89                  89                  —                  89 Total Comprehensive income for the period —                 —                 —                —        14,285                —                             —                —                                       —                        27                       1,866                       6                      (19) 16,165                  30          16,195 Shares issued on exercise of employee stock options (Refer to Note 2.11) 1                 —                 —                —                —                —                             —                —                                       —                        —                            —                     —                        —                    1                  —                    1 Employee stock compensation expense (Refer to Note 2.11)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 164, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e47a84a39c46d05d"}, {"chunk_id": "cc9e76c458ee4404", "content": "Employee stock compensation expense (Refer to Note 2.11) —                 —                 —                —                —                —                           463                —                                       —                        —                            —                     —                        —               463                  —               463 Transferred on account of exercise of stock options (Refer to Note 2.11) —                 —                 —              221                —                —                         (221)                —                                       —                        —                            —                     —                        —                  —                  —                  — Transferred on account of options not exercised —                 —                 —                —                —                62                           (62)                —                                       —                        —                            —                     —                        —                  —                  —                  — Income tax benefit arising on exercise of stock options", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 164, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e47a84a39c46d05d"}, {"chunk_id": "17944686344ca7ff", "content": "Income tax benefit arising on exercise of stock options —                 —                 —                —                —                —                               5                —                                       —                        —                            —                     —                        —                    5                  —                    5 Financial liability under option arrangements —                 —                 —                —              (10)                —                             —                —                                       —                        —                            —                     —                        —                (10)                  —                (10)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 164, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e47a84a39c46d05d"}, {"chunk_id": "2c596b4d6da072d3", "content": "Changes in the controlling stake of a subsidiary —                 —                 —                —                  7                —                             —                —                                       —                        —                            —                     —                        —                    7                    2                    9 Dividends (1) —                 —                 —                —         (9,119)                —                             —                —                                       —                        —                            —                     —                        —           (9,119)                  —           (9,119) Dividends paid to non controlling interest of subsidiary —                 —                 —                —                —                —                             —                —                                       —                        —                            —                     —                        —                  —                  (3)                  (3) Transferred to Special Economic Zone Re-investment reserve", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 165, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8eb5da278984f916"}, {"chunk_id": "4aab5a6601620536", "content": "Transferred to Special Economic Zone Re-investment reserve —                 —                 —                —                —                —                             —                —                                       —                        —                            —                     —                        —                  —                  —                  — Transferred from Special Economic Zone Re-investment reserve to retained earnings —                 —                 —                —           2,215                —                             —         (2,215) —                        —                            —                     —                        —                  —                  —                  — Transferred from Special Economic Zone Re-investment reserve on utilization —                 —                 —                —              408                —                             —            (408) —                        —                            —                     —                        —                  —                  —                  — Balance as at September 30, 2025", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 165, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8eb5da278984f916"}, {"chunk_id": "7b9d7031924c7aad", "content": "—                        —                            —                     —                        —                  —                  —                  — Balance as at September 30, 2025 2,074                 54               169           1,312        86,413           1,474                        1,253           5,675                                       24                     312                       4,770                   (12)                    (188)        103,330               414        103,744 (1) Net of treasury shares (2)The Special Economic Zone Re-investment Reserve has been created out of the profit of eligible SEZ units in terms of the provisions of Sec 10AA(1)(ii) of Income Tax Act, 1961. The reserve should be utilized by the Group for acquiring new plant and machinery for the purpose of its business in the terms of the Sec 10AA(2) of the Income Tax Act, 1961. (3)Under the Swiss Code of Obligation, few subsidiaries of Infosys Consulting are required to appropriate a certain percentage of the annual profit to legal reserve which may be used only to cover losses or for measures designed to sustain the Company through difficult times, to prevent unemployment or to mitigate its consequences. The accompanying notes form an integral part of the interim condensed consolidated financial statements. As per our report of even date attached for Deloitte Haskins & Sells LLP", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 165, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8eb5da278984f916"}, {"chunk_id": "64a2ccb98b49b2d6", "content": "The accompanying notes form an integral part of the interim condensed consolidated financial statements. As per our report of even date attached for Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited Chartered Accountants Firm’s Registration No : Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director Membership No. 060408 DIN: 00041245 and Managing Director DIN: 00019437 DIN: 01876159 Bengaluru Jayesh Sanghrajka A.G.S. Manikantha October 16, 2025 Chief Financial Officer Company Secretary Membership No. A21918 INFOSYS LIMITED AND SUBSIDIARIES Condensed Consolidated Statement of Cash Flows Cash flows are reported using the indirect method, whereby profit for the period is adjusted for the effects of transactions of a non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments and item of income or expenses associated with investing or financing cash flows. The cash flows from operating, investing and financing activities of the Group are segregated. The Group considers all highly liquid investments that are readily convertible to known amounts of cash to be cash equivalents. (In ₹ crore) Particulars Note No. 2025 2024 Cash flow from operating activities Six months ended September 30, Profit for the period 14,300                                  12,890 Adjustments to reconcile net profit to net cash provided by operating activities: Income tax expense 2.15", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 165, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8eb5da278984f916"}, {"chunk_id": "b1dc1cbc16b3cd14", "content": "Six months ended September 30, Profit for the period 14,300                                  12,890 Adjustments to reconcile net profit to net cash provided by operating activities: Income tax expense 2.15 5,670                                    5,384 Depreciation and amortization 2,323                                    2,310 Finance cost 211                                       214 Interest and dividend income (1,554)                                   (1,257) Impairment loss recognized / (reversed) under expected credit loss model 34                                         95 Exchange differences on translation of assets and liabilities, net 573                                      (298) Stock compensation expense 471                                       420 Provision for post sale client support (97)                                         26 Changes in assets and liabilities Other adjustments 658                                       876 Trade receivables and unbilled revenue (4,395)                                   (2,735) Loans, other financial assets and other assets (175)                                      (233) Trade payables (451)                                      (147) Cash generated from operations 20,507                                  18,623 Other financial liabilities, other liabilities and provisions 2,939                                    1,078 Income taxes (paid) / received (2,996)                                   (2,165)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 165, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8eb5da278984f916"}, {"chunk_id": "08acc04dab33ee8c", "content": "Other financial liabilities, other liabilities and provisions 2,939                                    1,078 Income taxes (paid) / received (2,996)                                   (2,165) Net cash generated by operating activities 17,511                                  16,458 Cash flows from investing activities Expenditure on property, plant and equipment and intangibles (1,352)                                      (968) Deposits placed with corporation (683)                                      (579) Redemption of deposits placed with Corporation 392                                       357", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 165, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8eb5da278984f916"}, {"chunk_id": "418bf15da77d2a0e", "content": "2.1 (637)                                   (3,155) Payment of contingent consideration pertaining to acquisition of business (13) — Other receipts 14                                           5 Interest and dividend received Payment towards acquisition of business, net of cash acquired 1,613                                    1,217 Payments to acquire Investments Tax free bonds and government bonds (21)                                          (2) Liquid mutual fund units (36,091)                                 (33,517) Certificates of deposit (7,149)                                   (1,885) Commercial Papers (2,686)                                   (2,227) Non-convertible debentures (2,639)                                   (1,051) Government securities (531) — Proceeds on sale of Investments Other Investments (22)                                        (17) Tax free bonds and government bonds 1,284                                         — Liquid mutual funds units 32,967                                  34,012 Certificates of deposit 5,857                                    3,970 Commercial Papers 4,675                                    7,135 Non-convertible debentures 1,625                                    1,030 Government securities 3,265                                       200 Net cash generated / (used in) from investing activities (132)                                    4,525 2025 2024 Six months ended September 30, Cash flows from financing activities", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 167, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fb2d9a3d1f4294e7"}, {"chunk_id": "c208f988ad5fefd9", "content": "Net cash generated / (used in) from investing activities (132)                                    4,525 2025 2024 Six months ended September 30, Cash flows from financing activities Payment of lease liabilities (1,382)                                   (1,190) Payment of dividends (9,122)                                 (11,592) Loan repayment of in-tech Holding GmbH —                                      (985) Payment of dividend to non-controlling interest of subsidiary (3)                                          (2) Shares issued on exercise of employee stock options 1                                           3 Other payments (181)                                      (265) Net cash used in financing activities (10,687)                                 (14,031) Net increase / (decrease) in cash and cash equivalents 6,692                                    6,952 Effect of exchange rate changes on cash and cash equivalents 685                                         61 Cash and cash equivalents at the beginning of the period 2.8 24,455                                  14,786 Cash and cash equivalents at the end of the period 2.8 31,832                                  21,799 Supplementary information: Restricted cash balance 2.8 410                                       407 The accompanying notes form an integral part of the interim condensed consolidated financial statements As per our report of even date attached for Deloitte Haskins & Sells LLP", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 167, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fb2d9a3d1f4294e7"}, {"chunk_id": "64baa952a638f77e", "content": "The accompanying notes form an integral part of the interim condensed consolidated financial statements As per our report of even date attached for Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited Chartered Accountants Firm’s Registration No : 117366W/ W-100018 Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director Membership No. 060408 DIN: 00041245 and Managing Director DIN: 00019437 Bengaluru Jayesh Sanghrajka A.G.S. Manikantha October 16, 2025 Chief Financial Officer Company Secretary Membership No. A21918 INFOSYS LIMITED AND SUBSIDIARIES Overview and notes to the Interim Condensed Consolidated Financial Statements Infosys Limited ('the Company' or Infosys) provides consulting, technology, outsourcing and next-generation digital services, to enable clients to execute strategies for their digital transformation. Infosys strategic objective is to build a sustainable organization that remains relevant to the agenda of clients, while creating growth opportunities for employees and generating profitable returns for investors. Infosys strategy is to be a navigator for our clients as they ideate, plan and execute on their journey to a digital future. Infosys together with its subsidiaries and controlled trusts is hereinafter referred to as the \"Group\".", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 167, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fb2d9a3d1f4294e7"}, {"chunk_id": "cbfca348020bc110", "content": "plan and execute on their journey to a digital future. Infosys together with its subsidiaries and controlled trusts is hereinafter referred to as the \"Group\". The Company is a public limited company incorporated and domiciled in India and has its registered office at Electronics city, Hosur Road, Bengaluru 560100, Karnataka, India. The Company has its primary listings on the BSE Ltd. and National Stock Exchange of India Limited. The Company’s American Depositary Shares (ADS) representing equity shares are listed on the New York Stock Exchange (NYSE). The Group's interim condensed consolidated financial statements are approved for issue by the Company's Board of Directors on October 16, 2025. 1.2 Basis of preparation of financial statements These interim condensed consolidated financial statements are prepared in compliance with Indian Accounting Standard (Ind AS) 34 Interim Financial Reporting , under the historical cost convention on accrual basis except for certain financial instruments which are measured at fair values and defined benefit liability/(asset) which is recognised at the present value of defined benefit obligation less fair value of plan assets, the provisions of the Companies Act, 2013 ('the Act') and guidelines issued by the Securities and Exchange Board of India (SEBI). Accordingly, these interim condensed consolidated financial", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 167, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fb2d9a3d1f4294e7"}, {"chunk_id": "73c441d96aa6dc1c", "content": "('the Act') and guidelines issued by the Securities and Exchange Board of India (SEBI). Accordingly, these interim condensed consolidated financial statements do not include all the information required for a complete set of financial statements. These interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes included in the Company’s Annual Report for the year ended March 31, 2025. The Ind AS are prescribed under Section 133 of the Act read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules issued thereafter. Accounting policies have been consistently applied except where a newly issued accounting standard is initially adopted or a revision to an existing accounting standard requires a change in the accounting policy hitherto in use. The material accounting policy information used in preparation of the audited interim condensed consolidated financial statements have been discussed in the respective notes.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 167, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fb2d9a3d1f4294e7"}, {"chunk_id": "dcb97be9447a6020", "content": "As the quarter and year-to-date figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures reported for the previous quarters might not always add up to the year-to-date figures reported in this statement. 1.3 Basis of consolidation Infosys consolidates entities which it owns or controls. The interim condensed consolidated financial statements comprise the financial statements of the Company, its controlled trusts and its subsidiaries. Control exists when the parent has power over the entity, is exposed, or has rights to variable returns from its involvement with the entity and has the ability to affect those returns by using its power over the entity. Power is demonstrated through existing rights that give the ability to direct relevant activities, those which significantly affect the entity's returns. Subsidiaries are consolidated from the date control commences until the date control ceases. The financial statements of the Group companies are consolidated on a line-by-line basis and intra-group balances and transactions including unrealized gain / loss from such transactions are eliminated upon consolidation. These financial statements are prepared by applying uniform accounting policies in use at the Group.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 168, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "de819821b1a0b139"}, {"chunk_id": "7bd9d533722b576f", "content": "/ loss from such transactions are eliminated upon consolidation. These financial statements are prepared by applying uniform accounting policies in use at the Group. Non-controlling interests which represent part of the net profit or loss and net assets of subsidiaries that are not, directly or indirectly, owned or controlled by the Company, are excluded. 1.4 Use of estimates and judgments The preparation of the interim condensed consolidated financial statements in conformity with Ind AS requires the Management to make estimates, judgments and assumptions. These estimates, judgments and assumptions affect the application of accounting policies and the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the interim condensed consolidated financial statements and reported amounts of revenues and expenses during the period. The application of accounting policies that require critical accounting estimates involving complex and subjective judgments and the use of assumptions in these financial statements have been disclosed in Note no. 1.5 . Accounting estimates could change from period to period. Actual results could differ from those estimates. Appropriate changes in estimates are made as Management becomes aware of changes in circumstances surrounding the estimates.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 168, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "de819821b1a0b139"}, {"chunk_id": "900c1af4c52f5eb8", "content": "period to period. Actual results could differ from those estimates. Appropriate changes in estimates are made as Management becomes aware of changes in circumstances surrounding the estimates. Changes in estimates and judgements are reflected in the interim condensed consolidated financial statements in the period in which changes are made and, if material, their effects are disclosed in the notes to the interim condensed consolidated financial statements. 1.5 Critical accounting estimates and judgments a. Revenue recognition The Group’s contracts with customers include promises to transfer multiple products and services to a customer. Revenues from customer contracts are considered for recognition and measurement when the contract has been approved, in writing, by the parties to the contract, the parties to contract are committed to perform their respective obligations under the contract, and the contract is legally enforceable. The Group assesses the services promised in a contract and identifies distinct performance obligations in the contract. Identification of distinct performance obligations to determine the deliverables and the ability of the customer to benefit independently from such deliverables, and allocation of transaction price to these distinct performance obligations involves significant judgment.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 168, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "de819821b1a0b139"}, {"chunk_id": "f05e23e0bbc06363", "content": "ability of the customer to benefit independently from such deliverables, and allocation of transaction price to these distinct performance obligations involves significant judgment. Fixed price maintenance revenue is recognized ratably on a straight-line basis when services are performed through an indefinite number of repetitive acts over a specified period. Revenue from fixed price maintenance contract is recognized ratably using a percentage of completion method when the pattern of benefits from the services rendered to the customer and the Group’s costs to fulfil the contract is not even through the period of the contract because the services are generally discrete in nature and not repetitive. The use of method to recognize the maintenance revenues requires judgment and is based on the promises in the contract and nature of the deliverables. The Group uses the percentage-of-completion method in accounting for other fixed-price contracts. Use of the percentage-of-completion method requires the Group to determine the actual efforts or costs expended to date as a proportion of the estimated total efforts or costs to be incurred. Efforts or costs expended have been used to measure progress towards completion as there is a direct relationship between input and productivity. The estimation of total efforts or", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 168, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "de819821b1a0b139"}, {"chunk_id": "f9ca2b6811a29c8c", "content": "Efforts or costs expended have been used to measure progress towards completion as there is a direct relationship between input and productivity. The estimation of total efforts or costs involves significant judgment and is assessed throughout the period of the contract to reflect any changes based on the latest available information. Contracts with customers includes subcontractor services or third-party vendor equipment or software in certain integrated services arrangements. In these types of arrangements, revenue from sales of third-party vendor products or services is recorded net of costs when the Group is acting as an agent between the customer and the vendor, and gross when the Group is the principal for the transaction. In doing so, the Group first evaluates whether it obtains control of the specified goods or services before they are transferred to the customer. The Group considers whether it is primarily responsible for fulfilling the promise to provide the specified goods or services, inventory risk, pricing discretion and other factors to determine whether it controls the specified goods or services and therefore, is acting as a principal or an agent. Provisions for estimated losses, if any, on incomplete contracts are recorded in the period in which such losses become probable based on the estimated efforts or costs to complete the contract.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 168, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "de819821b1a0b139"}, {"chunk_id": "709d6b48c3bd2f51", "content": "Provisions for estimated losses, if any, on incomplete contracts are recorded in the period in which such losses become probable based on the estimated efforts or costs to complete the contract. The Group's two major tax jurisdictions are India and the United States, though the Company also files tax returns in other overseas jurisdictions. Significant judgments are involved in determining the provision for income taxes, including amount expected to be paid / recovered for uncertain tax positions.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 168, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "de819821b1a0b139"}, {"chunk_id": "e66feacf5b04ea80", "content": "In assessing the realizability of deferred income tax assets, the Management considers whether some portion or all of the deferred income tax assets will not be realized. The ultimate realization of deferred income tax assets is dependent upon the generation of future taxable income during the periods in which the temporary differences become deductible. Management considers the scheduled reversals of deferred income tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based on the level of historical taxable income and projections for future taxable income over the periods in which the deferred income tax assets are deductible, the Management believes that the Group will realize the benefits of those deductible differences. The amount of the deferred income tax assets considered realizable, however, could be reduced in the near term if estimates of future taxable income during the carry forward period are reduced (Refer to Notes 2.15). c. Business combinations and intangible assets Business combinations are accounted for using Ind AS 103, Business Combinations. Ind AS 103 requires us to fair value identifiable intangible assets and contingent consideration to ascertain the net fair value of identifiable assets, liabilities and contingent liabilities of the acquiree. These valuations are conducted by external valuation experts.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 169, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2eca1248a586da57"}, {"chunk_id": "0777ba1be754bb34", "content": "contingent consideration to ascertain the net fair value of identifiable assets, liabilities and contingent liabilities of the acquiree. These valuations are conducted by external valuation experts. Estimates are required to be made in determining the value of contingent consideration, value of option arrangements and intangible assets. These measurements are based on information available at the acquisition date and are based on expectations and assumptions that have been deemed reasonable by the Management (Refer to Note 2.1 and 2.3) . d. Property, plant and equipment Property, plant and equipment represent a significant proportion of the asset base of the Group. The charge in respect of periodic depreciation is derived after determining an estimate of an asset’s expected useful life and the expected residual value at the end of its life. The useful lives and residual values of Group's assets are determined by the Management at the time the asset is acquired and reviewed periodically, including at each financial year end. The lives are based on historical experience with similar assets as well as anticipation of future events, which may impact their life, such as changes in technology (Refer to Note 2.2). e. Impairment of Goodwill Goodwill is tested for impairment on an annual basis and whenever there is an indication that the recoverable amount of a cash generating unit (CGUs) is less than its carrying amount.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 169, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2eca1248a586da57"}, {"chunk_id": "edf81008941b814f", "content": "Impairment of Goodwill Goodwill is tested for impairment on an annual basis and whenever there is an indication that the recoverable amount of a cash generating unit (CGUs) is less than its carrying amount. For the impairment test, goodwill is allocated to the CGU or groups of CGUs which benefit from the synergies of the acquisition and which represent the lowest level at which goodwill is monitored for internal management purposes. The recoverable amount of CGUs is determined based on higher of value-in-use and fair value less cost to sell. Key assumptions in the cash flow projections are prepared based on current economic conditions and comprises estimated long term growth rates, weighted average cost of capital and estimated operating margins (Refer to note 2.3). 2. Notes to the Interim Condensed Consolidated Financial Statements 2.1  BUSINESS COMBINATIONS Business combinations have been accounted for using the acquisition method under the provisions of Ind AS 103, Business Combinations. The purchase price in an acquisition is measured at the fair value of the assets transferred, equity instruments issued and liabilities incurred or assumed at the date of acquisition, which is the date on which control is transferred to the Group. The purchase price also includes the fair value of any contingent consideration.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 169, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2eca1248a586da57"}, {"chunk_id": "86c879ef7caf1e3c", "content": "date of acquisition, which is the date on which control is transferred to the Group. The purchase price also includes the fair value of any contingent consideration. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair value on the date of acquisition. Contingent consideration is remeasured at fair value at each reporting date and changes in the fair value of the contingent consideration are recognized in the interim condensed Consolidated Statement of Profit and Loss. The interest of non-controlling shareholders is initially measured either at fair value or at the non-controlling interests’ proportionate share of the acquiree’s identifiable net assets. The choice of measurement basis is made on an acquisition-by-acquisition basis. Subsequent to acquisition, the carrying amount of non- controlling interests is the amount of those interests at initial recognition plus the non-controlling interests’ share of subsequent changes in equity of subsidiaries. Business combinations between entities under common control is accounted for at carrying value of the assets acquired and liabilities assumed in the Group's consolidated financial statements. The payments related to options issued by the Group over the non-controlling interests in its subsidiaries are accounted as financial liabilities and initially", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 169, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2eca1248a586da57"}, {"chunk_id": "c09e06da88308543", "content": "consolidated financial statements. The payments related to options issued by the Group over the non-controlling interests in its subsidiaries are accounted as financial liabilities and initially recognized at the estimated present value of gross obligations. Such options are subsequently measured at fair value in order to reflect the amount payable under the option at the date at which it becomes exercisable. In the event that the option expires unexercised, the liability is derecognized. During the six months ended September 30, 2025 the Group, completed two business combinations by acquiring 100% partnership interests/voting interests in: 1) MRE Consulting Ltd., a leading Energy and business consulting services company, headquartered in Texas, U.S. on April 30, 2025, which is expected to bring newer capabilities for the Group in trading and risk management, especially in the energy sector. 2) The Missing Link Security Pty. Ltd., The Missing Link Security Limited and The Missing Link Automation Pty. Ltd. (collectively known as \"The Missing Link\"), a leading Cybersecurity service provider headquartered in Australia on April 30, 2025, which is expected to further strengthen the Group's capabilities in the cybersecurity sector and bolster its presence in the fast growing Australian Market.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 169, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2eca1248a586da57"}, {"chunk_id": "2020ea4f05e9e54a", "content": "the cybersecurity sector and bolster its presence in the fast growing Australian Market. The provisional purchase price is allocated to assets acquired and liabilities assumed based upon determination of fair values at the date of acquisition as follows: Component Acquiree's carrying amount Fair value adjustments Net Assets (1) 116                                   -                                   116 Intangible assets: Customer related# -                                  222                                 222 Vendor relationship# -                                    55                                   55 Brand# -                                    20                                   20 -                                  (46)                                 (46) Total 116                                251                                 367 Goodwill 444 Total purchase price 811 Deferred tax liabilities on intangible assets (1) Includes cash and cash equivalents acquired of ₹102 crore.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 169, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2eca1248a586da57"}, {"chunk_id": "72db2a08f8d0864e", "content": "# The estimated useful life is around 1 year to 7 years The excess of the purchase consideration paid over the fair value of assets acquired has been attributed to goodwill. The primary items that generated this goodwill are the value of the acquired assembled workforce and estimated synergies, neither of which qualify as an intangible asset. Goodwill amounting to ₹79 crore is expected to be deductible for tax purposes. The total purchase consideration of ₹811 crore includes upfront cash consideration of ₹741 crore and contingent consideration with an estimated fair value of ₹70 crore as on the date of acquisition. At the acquisition date, the key inputs used in determination of the fair value of contingent consideration are the probabilities assigned towards achievement of financial targets and discount rates ranging from 2% - 3%. The undiscounted value of contingent consideration as of September 30, 2025 was approximately ₹79 crore. Additionally, these acquisitions have retention bonus and management incentives payable to the employees of the acquiree over 2-3 years, subject to their continuous employment with the Group and achievement of financial targets for the respective years. Retention bonus and management incentives are recognized in employee benefit expenses in the Consolidated Statement of Profit and Loss over the period of service.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 170, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6e8025d9c511f5bc"}, {"chunk_id": "618fc3e9b59e19d7", "content": "Retention bonus and management incentives are recognized in employee benefit expenses in the Consolidated Statement of Profit and Loss over the period of service. Fair value of trade receivables acquired is ₹194 crore as of acquisition date and as of September 30, 2025, the amounts are substantially collected. Transaction costs that the Group incurs in connection with a business combination such as finder’s fees, legal fees, due diligence fees, and other professional and consulting fees are expensed as incurred. The transaction costs of ₹34 crore related to the acquisition have been included under administrative expenses in the Consolidated Statement of Profit and Loss for the three months ended June 30, 2025. On August 13, 2025, Infosys Singapore Pte. Ltd., a wholly owned subsidiary of Infosys Limited, entered into a definitive agreement to acquire 75% of the equity share capital in Telstra Purple Pty Ltd, including some of its subsidiaries (together known as Versent Group), Australia’s leading Digital Transformation Solutions Provider for a consideration including earn-outs and deferred consideration amounting up to AUD 233 million (approximately ₹1,335 crore), excluding retention bonus and management incentives, subject to regulatory approvals and customary closing adjustments. Property, plant and equipment are stated at cost, less accumulated depreciation and impairment, if any.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 170, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6e8025d9c511f5bc"}, {"chunk_id": "85ac41745d445f78", "content": "Property, plant and equipment are stated at cost, less accumulated depreciation and impairment, if any. Costs directly attributable to acquisition are capitalized until the property, plant and equipment are ready for use, as intended by the Management. The charge in respect of periodic depreciation is derived at after determining an estimate of an asset’s expected useful life and the expected residual value at the end of its life. The Group depreciates property, plant and equipment over their estimated useful lives using the straight-line method. The estimated useful lives of assets are as follows: Buildings (1) 22-25 years Plant and machinery (1)(2) 5 years Office equipment 5 years Computer equipment (1) 3-5 years Furniture and fixtures (1) 5 years Vehicles(1) 5 years Leasehold improvements Lower of useful life of the asset or lease term (1)Based on technical evaluation, the Management believes that the useful lives as given above best represent the period over which the Management expects to use these assets. Hence, the useful lives for these assets is different from the useful lives as prescribed under Part C of Schedule II of the Companies Act 2013 (2) Includes Solar plant with a useful life of 25 years Depreciation methods, useful lives and residual values are reviewed periodically, including at each financial year end. The useful lives are based on historical experience with similar assets as well as", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 170, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6e8025d9c511f5bc"}, {"chunk_id": "d96d7aa72a838d2d", "content": "Depreciation methods, useful lives and residual values are reviewed periodically, including at each financial year end. The useful lives are based on historical experience with similar assets as well as anticipation of future events, which may impact their life, such as changes in technology. Advances paid towards the acquisition of property, plant and equipment outstanding at each Balance Sheet date is classified as capital advances under other non-current assets and the cost of assets not ready to use before such date are disclosed under ‘Capital work-in-progress’. Subsequent expenditures relating to property, plant and equipment is capitalized only when it is probable that future economic benefits associated with these will flow to the Group and the cost of the item can be measured reliably. The cost and related accumulated depreciation are eliminated from the financial statements upon sale or retirement of the asset. Property, plant and equipment are evaluated for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value less cost to sell and the value-in-use) is determined on an individual asset basis unless the asset does not generate cash flows that are largely independent of those from other assets.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 170, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6e8025d9c511f5bc"}, {"chunk_id": "9d979b6d8a438e9f", "content": "flows that are largely independent of those from other assets. In such cases, the recoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs. If such assets are considered to be impaired, the impairment to be recognized in the Consolidated Statement of Profit and Loss is measured by the amount by which the carrying value of the assets exceeds the estimated recoverable amount of the asset. An impairment loss is reversed in the Consolidated Statement of Profit and Loss if there has been a change in the estimates used to determine the recoverable amount. The carrying amount of the asset is increased to its revised recoverable amount, provided that this amount does not exceed the carrying amount that would have been determined (net of any accumulated depreciation) had no impairment loss been recognized for the asset in prior years. The changes in the carrying value of property, plant and equipment for the three months ended September 30, 2025 are as follows: (In ₹ crore) Particulars Land - Freehold Furniture and fixtures Leasehold Improvements Gross carrying value as at July 1, 2025 1,489        11,737            3,484           1,661           9,278            2,371                1,347                               48                    31,415 Additions", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 170, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6e8025d9c511f5bc"}, {"chunk_id": "9621cda93f60beea", "content": "1,489        11,737            3,484           1,661           9,278            2,371                1,347                               48                    31,415 Additions 10                  6                 12                15              412                   7                       3                               —                         465 Deletions** —                —                 (6)                (8)            (165)               (67)                     —                                (3)                       (249) Translation difference —                38                   3                  4                29                   6                     14                               —                           94 Gross carrying value as at September 30, 2025 1,499        11,781            3,493           1,672           9,554            2,317                1,364                               45                    31,725", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 170, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6e8025d9c511f5bc"}, {"chunk_id": "fcae252c6f5c3ef2", "content": "Accumulated depreciation as at July 1, 2025 —         (5,473)          (2,857)         (1,361)         (7,040)          (1,970)              (1,060)                             (43)                  (19,804) Depreciation —            (112)               (45)              (31)            (263)               (41)                   (27)                               —                       (519) Accumulated depreciation on deletions** —                —                   6                  8              165                 67                     —                                 3                         249 Translation difference —              (13)                 (3)                (3)              (18)                 (5)                   (13)                               —                          (55) Accumulated depreciation as at September 30, 2025 —         (5,598)          (2,899)         (1,387)         (7,156)          (1,949)              (1,100)                             (40)                  (20,129) Carrying value as at July 1, 2025 1,489           6,264               627              300           2,238               401                   287                                 5                    11,611 Carrying value as at September 30, 2025", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 171, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "56c22cd8c975e4c1"}, {"chunk_id": "6fe18687c3cb8098", "content": "Carrying value as at September 30, 2025 1,499           6,183               594              285           2,398               368                   264                                 5                    11,596 The changes in the carrying value of property, plant and equipment for the three months ended September 30, 2024 are as follows: (In ₹ crore) Particulars Land - Freehold Furniture and fixtures Leasehold Improvements Gross carrying value as at July 1, 2024 1,432        11,743            3,445           1,538           8,617            2,309                1,413                               45                    30,542 Additions —                17                 23                41              176                 45                     48                               —                         350 Additions on Business Combinations (Refer to note 2.1) —                  1                 —                11                  5                 23                     —                                 2                           42 Deletions* —                (4)                 (6)              (15)            (101)               (14)                   (27)                               —                       (167) Translation difference —                43                   3                  3                17                   4                     15                               —                           85", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 171, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "56c22cd8c975e4c1"}, {"chunk_id": "65b04d5871d9a1c4", "content": "Translation difference —                43                   3                  3                17                   4                     15                               —                           85 Gross carrying value as at September 30, 2024 1,432        11,800            3,465           1,578           8,714            2,367                1,449                               47                    30,852 Accumulated depreciation as at July 1, 2024 —         (5,026)          (2,683)         (1,291)         (6,538)          (1,861)              (1,134)                             (42)                  (18,575) Depreciation —            (113)               (55)              (30)            (321)               (50)                   (43)                               —                       (612) Accumulated depreciation on deletions* —                  1                   6                15                96                 14                     27                               —                         159 Translation difference —              (13)                 (3)                (3)                (8)                 (2)                   (15)                               —                          (44) Accumulated depreciation as at September 30, 2024", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 171, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "56c22cd8c975e4c1"}, {"chunk_id": "e66006cf31967dd5", "content": "Accumulated depreciation as at September 30, 2024 —         (5,151)          (2,735)         (1,309)         (6,771)          (1,899)              (1,165)                             (42)                  (19,072) Carrying value as at July 1, 2024 1,432           6,717               762              247           2,079               448                   279                                 3                    11,967 Carrying value as at September 30, 2024 1,432           6,649               730              269           1,943               468                   284                                 5                    11,780 The changes in the carrying value of property, plant and equipment for the six months ended September 30, 2025 are as follows: (In ₹ crore) Particulars Land - Freehold Furniture and fixtures Leasehold Improvements", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 171, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "56c22cd8c975e4c1"}, {"chunk_id": "eb63ebb941f62182", "content": "Gross carrying value as at April 1, 2025 1,479        11,721            3,461           1,628           9,306            2,340                1,307                               48                    31,290 Additions 20                  9                 35                51              619                 34                     32                                 1                         801 Additions on Business Combinations (Refer to note 2.1) —                —                 —                —                  3                 —                     —                               —                             3 Deletions** —                (5)                 (8)              (16)            (435)               (72)                     (2)                                (4)                       (542) Translation difference —                56                   5                  9                61                 15                     27                               —                         173 Gross carrying value as at September 30, 2025 1,499        11,781            3,493           1,672           9,554            2,317                1,364                               45                    31,725 Accumulated depreciation as at April 1, 2025", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 171, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8e5ce935159a2963"}, {"chunk_id": "a3f885df01e9878d", "content": "Accumulated depreciation as at April 1, 2025 —         (5,358)          (2,813)         (1,337)         (7,013)          (1,929)              (1,019)                             (43)                  (19,512) Depreciation —            (223)               (89)              (60)            (530)               (81)                   (58)                                (1)                    (1,042) Accumulated depreciation on deletions** —                  1                   8                16              424                 71                       2                                 4                         526 Translation difference —              (18)                 (5)                (6)              (37)               (10)                   (25)                               —                       (101) Accumulated depreciation as at September 30, 2025 —         (5,598)          (2,899)         (1,387)         (7,156)          (1,949)              (1,100)                             (40)                  (20,129) Carrying value as at April 1, 2025 1,479           6,363               648              291           2,293               411                   288                                 5                    11,778 Carrying value as at September 30, 2025", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 171, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8e5ce935159a2963"}, {"chunk_id": "2726ece8e8e065e6", "content": "Carrying value as at September 30, 2025 1,499           6,183               594              285           2,398               368                   264                                 5                    11,596 ** During the three months and six months ended September 30, 2025, certain assets which were not in use having gross book value of ₹226 crore (net book value: Nil) and ₹473 crore (net book value: Nil), respectively were retired. The changes in the carrying value of property, plant and equipment for the six months ended September 30, 2024 are as follows: (In ₹ crore) Particulars Land - Freehold Furniture and fixtures Leasehold Improvements Gross carrying value as at April 1, 2024 1,432        11,770            3,428           1,528           8,611            2,326                1,447                               45                    30,587 Additions —                32                 44                57              354                 57                     63                                 1                         608 Additions on Business Combinations (Refer to note 2.1) —                  1                 —                11                  6                 23                     —                                 2                           43 Deletions*", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 171, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8e5ce935159a2963"}, {"chunk_id": "93f7aec4dfa172ae", "content": "—                  1                 —                11                  6                 23                     —                                 2                           43 Deletions* —              (42)                 (9)              (21)            (265)               (40)                   (75)                                (1)                       (453) Translation difference —                39                   2                  3                  8                   1                     14                               —                           67 Gross carrying value as at September 30, 2024 1,432        11,800            3,465           1,578           8,714            2,367                1,449                               47                    30,852 Accumulated depreciation as at April 1, 2024 —         (4,921)          (2,630)         (1,269)         (6,380)          (1,837)              (1,138)                             (42)                  (18,217) Depreciation —            (224)             (112)              (58)            (648)             (102)                   (88)                                (1)                    (1,233) Accumulated depreciation on deletions* —                  6                   9                20              259                 40                     75                                 1                         410 Translation difference", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 171, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8e5ce935159a2963"}, {"chunk_id": "80a8ecc7b3b1701c", "content": "—                  6                   9                20              259                 40                     75                                 1                         410 Translation difference —              (12)                 (2)                (2)                (2)                 —                   (14)                               —                          (32) Accumulated depreciation as at September 30, 2024 —         (5,151)          (2,735)         (1,309)         (6,771)          (1,899)              (1,165)                             (42)                  (19,072) Carrying value as at April 1, 2024 1,432           6,849               798              259           2,231               489                   309                                 3                    12,370 Carrying value as at September 30, 2024 1,432           6,649               730              269           1,943               468                   284                                 5                    11,780 * During the three months and six months ended September 30, 2024, certain assets which were not in use having gross book value of ₹103 crore (net book value: Nil) and ₹229 crore (net book value: Nil), respectively were retired. (1) Buildings include ₹250/- being the value of five shares of ₹50/- each in Mittal Towers Premises Co-operative Society Limited.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 171, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8e5ce935159a2963"}, {"chunk_id": "8578135b6afdf091", "content": "Nil), respectively were retired. (1) Buildings include ₹250/- being the value of five shares of ₹50/- each in Mittal Towers Premises Co-operative Society Limited. The aggregate depreciation has been included under depreciation and amortization expense in the condensed Consolidated Statement of Profit and Loss. Repairs and maintenance costs are recognized in the condensed Consolidated Statement of Profit and Loss when incurred.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 171, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8e5ce935159a2963"}, {"chunk_id": "20e2fcc86c14d389", "content": "Consequent to the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021 (“the Rules”), the Company was required to transfer its CSR capital assets installed prior to January 2021. Towards this the Company had incorporated a subsidiary ‘Infosys Green Forum’ (IGF) under Section 8 of the Companies Act, 2013. During the year ended March 31, 2022, the Company had completed the transfer of assets upon obtaining the required approvals from regulatory authorities, as applicable. During fiscal 2024, the application filed by IGF for regularization of the provisional registration was rejected and registration cancelled vide order dated March 26, 2024 by Income Tax Commissioner (Exemption). IGF has filed an appeal before Income Tax Tribunal against the order. 2.3  GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill represents the purchase consideration in excess of the Group's interest in the net fair value of identifiable assets, liabilities and contingent liabilities of the acquired entity. When the net fair value of the identifiable assets, liabilities and contingent liabilities acquired exceeds purchase consideration, the fair value of net assets acquired is reassessed and the bargain purchase gain is recognized in capital reserve. Goodwill is measured at cost less accumulated impairment losses.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 173, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1335a0124eb1e84e"}, {"chunk_id": "d39f8d9c72a83901", "content": "recognized in capital reserve. Goodwill is measured at cost less accumulated impairment losses. Goodwill is tested for impairment on an annual basis and whenever there is an indication that the recoverable amount of a cash generating unit (CGU) is less than its carrying amount. For the impairment test, goodwill is allocated to the CGU or groups of CGUs which benefit from the synergies of the acquisition and which represents the lowest level at which goodwill is monitored for internal management purposes. A CGU is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or group of assets. Impairment occurs when the carrying amount of a CGU including the goodwill, exceeds the estimated recoverable amount of the CGU. The recoverable amount of a CGU is the higher of its fair value less cost to sell and its value-in-use. Value-in-use is the present value of future cash flows expected to be derived from the CGU. Key assumptions in the cash flow projections are prepared based on current economic conditions and includes estimated long term growth rates, weighted average cost of capital and estimated operating margins. Following is a summary of changes in the carrying amount of goodwill: (In ₹ crore) Particulars September 30, 2025 March 31, 2025 Carrying value at the beginning 10,106                      7,303 Goodwill on acquisitions (Refer to note 2.1)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 173, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1335a0124eb1e84e"}, {"chunk_id": "9e24f3c540bd4f06", "content": "(In ₹ crore) Particulars September 30, 2025 March 31, 2025 Carrying value at the beginning 10,106                      7,303 Goodwill on acquisitions (Refer to note 2.1) 444                      2,593 Translation differences 952                         210 Carrying value at the end 11,502                    10,106 For the purpose of impairment testing, goodwill acquired in a business combination is allocated to the CGU or groups of CGUs, which benefit from the synergies of the acquisition. 2.3.2  Intangible Assets Intangible assets are stated at cost less accumulated amortization and impairment. Intangible assets are amortized over their respective individual estimated useful lives on a straight-line basis, from the date that they are available for use. The estimated useful life of an identifiable intangible asset is based on a number of factors including the effects of obsolescence, demand, competition, and other economic factors (such as the stability of the industry, and known technological advances) and the level of maintenance expenditures required to obtain the expected future cash flows from the asset. Amortization methods and useful lives are reviewed periodically including at each financial year end. Research costs are expensed as incurred. Software product development costs are expensed as incurred unless technical and commercial feasibility of the project is demonstrated, future economic", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 173, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1335a0124eb1e84e"}, {"chunk_id": "176b952c91f9ed18", "content": "Research costs are expensed as incurred. Software product development costs are expensed as incurred unless technical and commercial feasibility of the project is demonstrated, future economic benefits are probable, the Group has an intention and ability to complete and use or sell the software and the costs can be measured reliably. The costs which can be capitalized include the cost of material, direct labor, overhead costs that are directly attributable to prepare the asset for its intended use. Intangible assets are evaluated for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value less cost to sell and the value-in-use) is determined on an individual asset basis unless the asset does not generate cash flows that are largely independent of those from other assets. In such cases, the recoverable amount is determined for the CGU to which the asset belongs. If such assets are considered to be impaired, the impairment to be recognized in the Consolidated Statement of Profit and Loss is measured by the amount by which the carrying value of the assets exceeds the estimated recoverable amount of the asset. An impairment loss is reversed in the Consolidated Statement of Profit and Loss if there has been a change in the estimates used to determine", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 173, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1335a0124eb1e84e"}, {"chunk_id": "65c5e9f0ac58ad59", "content": "exceeds the estimated recoverable amount of the asset. An impairment loss is reversed in the Consolidated Statement of Profit and Loss if there has been a change in the estimates used to determine the recoverable amount. The carrying amount of the asset is increased to its revised recoverable amount, provided that this amount does not exceed the carrying amount that would have been determined (net of any accumulated amortization) had no impairment loss been recognized for the asset in prior years. (In ₹ crore) Particulars September 30, 2025 March 31, 2025 Non-current Investments Investments carried at fair value through other comprehensive income Preference securities 172                              167 Equity instruments 2                                  2 174                           169 Investments carried at fair value through profit or loss Target maturity fund units 483                              465 Equity and Preference securities 25                                25 Others (1) 226                              196 734                           686 Investments carried at amortized cost Government bonds 23                                16 Tax free bonds 409                           1,465 432                        1,481 Investments carried at fair value through other comprehensive income Non convertible debentures 5,342                           3,320 Equity securities 83                                57 Government securities", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 173, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1335a0124eb1e84e"}, {"chunk_id": "fc194f8ffc3f80cf", "content": "Investments carried at fair value through other comprehensive income Non convertible debentures 5,342                           3,320 Equity securities 83                                57 Government securities 4,114                           5,346 9,539                        8,723 Total non-current investments 10,879                      11,059 Investments carried at fair value through profit or loss", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 173, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1335a0124eb1e84e"}, {"chunk_id": "431195a1dd9ed05c", "content": "Liquid mutual fund units 5,192                        1,957 5,192                        1,957 Commercial Paper 1,734                        3,641 Certificates of deposit 4,894                        3,504 6,628                        7,145 Quoted Investments carried at fair value through other comprehensive income Investments carried at amortized cost Government bonds 15                                15 Tax free bonds 50                              154 65                           169 Investments carried at fair value through other comprehensive income Non convertible debentures 546                        1,549 Government securities 175                        1,662 721                        3,211 Total current investments 12,606                      12,482 Total investments 23,485                      23,541 10,757                      13,584 Market value of quoted investments (including interest accrued), current 787                        3,369 Market value of quoted investments (including interest accrued), non current 9,980                      10,392 Aggregate amount of unquoted investments 12,728                        9,957 497                        1,650 Investments carried at fair value through other comprehensive income 17,062                      19,248 Investments carried at fair value through profit or loss 5,926                        2,643 Aggregate amount of quoted investments Investments carried at amortized cost", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 174, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1a99aac192dc913c"}, {"chunk_id": "4272efc8e3fd6ed5", "content": "17,062                      19,248 Investments carried at fair value through profit or loss 5,926                        2,643 Aggregate amount of quoted investments Investments carried at amortized cost (1)  Uncalled capital commitments outstanding as at September 30, 2025 and March 31, 2025 was ₹107 crore and ₹122 crore, respectively. Refer to Note 2.10 for Accounting policies on Financial Instruments. Method of fair valuation: Class of investment Method September 30, 2025 March 31, 2025 Liquid mutual fund units - carried at fair value through profit or loss Target maturity fund units - carried at fair value through profit or loss Tax free bonds and government bonds - carried at amortized cost Quoted price 5,192                        1,957 Quoted price 483                           465 Quoted price and market observable inputs 507                        1,812 Non-convertible debentures - carried at fair value through other comprehensive income Government securities - carried at fair value through other comprehensive income Quoted price and market observable inputs 5,888                        4,869 Commercial Papers - carried at fair value through other comprehensive income Quoted price and market observable inputs 4,289                        7,008 Market observable inputs 1,734                        3,641 Certificates of deposit - carried at fair value through other comprehensive income Market observable inputs 4,894                        3,504", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 174, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1a99aac192dc913c"}, {"chunk_id": "f53c983aef20b2cc", "content": "Market observable inputs 1,734                        3,641 Certificates of deposit - carried at fair value through other comprehensive income Market observable inputs 4,894                        3,504 Quoted Equity securities - carried at fair value through other comprehensive income Quoted price 83                             57 Unquoted equity and preference securities - carried at fair value through profit or loss Discounted cash flows method, Market multiples method, Option pricing model 25                             25 Unquoted equity and preference securities - carried at fair value through other comprehensive income Discounted cash flows method, Market multiples method, Option pricing model 174                           169 Others - carried at fair value through profit or loss Discounted cash flows method, Market multiples method, Option pricing model 226                           196 Total 23,495                      23,703 Note: Certain quoted investments are classified as Level 2 in the absence of active market for such investments. (In ₹ crore) Particulars Non Current Loans considered good - Unsecured September 30, 2025 March 31, 2025 Loans to employees 9                             16 9                             16 Loans credit impaired - Unsecured —                             — Total non-current loans 9                             16 Current Loans considered good - Unsecured Loans to employees 3                               3", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 174, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1a99aac192dc913c"}, {"chunk_id": "d548bdfbd120887d", "content": "Loans credit impaired - Unsecured —                             — Total non-current loans 9                             16 Current Loans considered good - Unsecured Loans to employees 3                               3 Less: Allowance for credit impairment (3)                             (3) Loans to employees 243                           249 Total current loans 243                           249 Total loans 252                           265 (In ₹ crore) Particulars 2.6 OTHER FINANCIAL ASSETS September 30, 2025 March 31, 2025 Non Current Security deposits (1) 275                           273 Unbilled revenues (1)# 2,115                        2,031 Restricted deposits (1)* 151                             82 Others (1) 27                             19 Total non-current other financial assets 3,769                        3,511 Current Net investment in lease(1) 1,201                        1,106 Security deposits (1) 65                             65 Restricted deposits (1)* 3,170                        2,949 Unbilled revenues (1)# 9,079                        8,183 Interest accrued but not due (1) 661                           842 Foreign currency forward and options contracts (2) (3) 36                           192 Net investment in lease(1) 1,408                        1,139 Total current other financial assets 14,927                      13,840 Others (1) 508                           470 Total other financial assets 18,696                      17,351 (1) Financial assets carried at amortized cost", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 174, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1a99aac192dc913c"}, {"chunk_id": "b007794983655ddd", "content": "14,927                      13,840 Others (1) 508                           470 Total other financial assets 18,696                      17,351 (1) Financial assets carried at amortized cost 18,660                      17,159 (2) Financial assets carried at fair value through other comprehensive income 24                             28 (3) Financial assets carried at fair value through profit or loss 12                           164", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 174, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1a99aac192dc913c"}, {"chunk_id": "5678c44cbaba3834", "content": "* Restricted deposits represent deposits with financial institutions to settle employee related obligations as and when they arise during the normal course of business. # Classified as financial asset as right to consideration is unconditional and is due only after a passage of time. 2.7 TRADE RECEIVABLES September 30, 2025 March 31, 2025 Current Trade Receivable considered good - Unsecured 34,523                      31,670 Less: Allowance for expected credit loss 555                           512 Trade Receivable considered good - Unsecured 33,968                      31,158 Trade Receivable - credit impaired - Unsecured 229                           206 Less: Allowance for credit impairment 229                           206 Total trade receivables 33,968                      31,158 Trade Receivable - credit impaired - Unsecured —                             — (In ₹ crore) Particulars 2.8 CASH AND CASH EQUIVALENTS September 30, 2025 March 31, 2025 Balances with banks In current and deposit accounts 31,832                            24,455 Cash on hand —                                   — Total cash and cash equivalents 31,832                            24,455 42                                   45 53                                   75 Balances with banks in unpaid dividend accounts Deposit with more than 12 months maturity", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 176, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1490fd20151d7b70"}, {"chunk_id": "b57f29cd562a3fec", "content": "31,832                            24,455 42                                   45 53                                   75 Balances with banks in unpaid dividend accounts Deposit with more than 12 months maturity Cash and cash equivalents as at September 30, 2025 and March 31, 2025 include restricted cash and bank balances of ₹410 crore and ₹424 crore respectively. The restrictions are primarily on account of bank balances held by irrevocable trusts controlled by the company. The deposits maintained by the Group with banks and financial institutions comprise of time deposits, which can be withdrawn by the Group at any point without prior notice or penalty on the principal. (In ₹ crore) Particulars September 30, 2025 March 31, 2025 Non-current Capital advances 172                                 208 Advances other than capital advances Withholding taxes and others 544                                 534 Unbilled revenues # 193                                 201 Defined benefit plan assets 267                                 297 Prepaid expenses 308                                 282 Deferred Contract Cost Cost of obtaining a contract 259                                 312 Cost of fulfillment 901                                 879 Total non-current other assets 2,644                              2,713 Advances other than capital advances Payment to vendors for supply of goods 268                                 413 Others Unbilled revenues # 5,234                              4,668", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 176, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1490fd20151d7b70"}, {"chunk_id": "833df73700f6e6b7", "content": "Advances other than capital advances Payment to vendors for supply of goods 268                                 413 Others Unbilled revenues # 5,234                              4,668 Withholding taxes and others 2,638                              2,841 Prepaid expenses 2,985                              3,080 Deferred Contract Cost Cost of obtaining a contract 350                                 343 Cost of fulfillment 608                                 504 Other receivables 82                                   91 Total current other assets 12,165                            11,940 Total other assets 14,809                            14,653 # Classified as non financial asset as the contractual right to consideration is dependent on completion of contractual milestones. Withholding taxes and others primarily consist of input tax credits and VAT recoverable from tax authorities. 2.10     FINANCIAL INSTRUMENTS 2.10.1 Initial recognition The Group recognizes financial assets and financial liabilities when it becomes a party to the contractual provisions of the instrument. All financial assets and liabilities are recognized at fair value on initial recognition, except for trade receivables which are initially measured at transaction price. Transaction costs that are directly attributable to the", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 176, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1490fd20151d7b70"}, {"chunk_id": "0f37f6f4b270b9f6", "content": "recognized at fair value on initial recognition, except for trade receivables which are initially measured at transaction price. Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities, which are not at fair value through profit or loss, are added to the fair value on initial recognition. Regular way purchase and sale of financial assets are accounted for at trade date. 2.10.2 Subsequent measurement a. Non-derivative financial instruments (i) Financial assets carried at amortized cost A financial asset is subsequently measured at amortized cost if it is held within a business model whose objective is to hold the asset in order to collect contractual cash flows and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. (ii) Financial assets carried at fair value through other comprehensive income (FVOCI) A financial asset is subsequently measured at fair value through other comprehensive income if it is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 176, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1490fd20151d7b70"}, {"chunk_id": "b7f41bd08bc1d2dc", "content": "and interest on the principal amount outstanding. The Group has made an irrevocable election for certain investments which are classified as equity instruments to present the subsequent changes in fair value in other comprehensive income based on its business model. (iii) Financial assets carried at fair value through profit or loss (FVTPL) A financial asset which is not classified in any of the above categories is subsequently fair valued through profit or loss. (iv) Financial liabilities Financial liabilities are subsequently carried at amortized cost using the effective interest method, except for contingent consideration and financial liability under option arrangements recognized in a business combination which is subsequently measured at fair value through profit or loss. b. Derivative financial instruments The Group holds derivative financial instruments such as foreign exchange forward and option contracts to mitigate the risk of changes in exchange rates on foreign currency exposures. The counterparty for such contracts is generally a bank. (i) Financial assets or financial liabilities, carried at fair value through profit or loss.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 176, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1490fd20151d7b70"}, {"chunk_id": "849bb1af07a3bab0", "content": "This category includes derivative financial assets or liabilities which are not designated as hedges. Although the Group believes that these derivatives constitute hedges from an economic perspective, they may not qualify for hedge accounting under Ind AS 109, Financial Instruments. Any derivative that is either not designated as hedge, or is so designated but is ineffective as per Ind AS 109, is categorized as a financial asset or financial liability, at fair value through profit or loss. Derivatives not designated as hedges are recognized initially at fair value and attributable transaction costs are recognized in net profit in the Consolidated Statement of Profit and Loss when incurred. Subsequent to initial recognition, these derivatives are measured at fair value through profit or loss and the resulting exchange gains or losses are included in other income. Assets/ liabilities in this category are presented as current assets/current liabilities if they are either held for trading or are expected to be realized within 12 months after the Balance Sheet date. Primarily, the Group designates certain foreign exchange forward and options contracts as cash flow hedges to mitigate the risk of foreign exchange exposure on highly probable forecast cash transactions.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 177, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "440cf258baeb1621"}, {"chunk_id": "b4ad00c3efd772a9", "content": "Primarily, the Group designates certain foreign exchange forward and options contracts as cash flow hedges to mitigate the risk of foreign exchange exposure on highly probable forecast cash transactions. When a derivative is designated as a cash flow hedging instrument, the effective portion of changes in the fair value of the derivative is recognized in other comprehensive income and accumulated in the cash flow hedging reserve. Any ineffective portion of changes in the fair value of the derivative is recognized immediately in the net profit in the interim condensed Consolidated Statement of Profit and Loss. If the hedging instrument no longer meets the criteria for hedge accounting, then hedge accounting is discontinued prospectively. If the hedging instrument expires or is sold, terminated or exercised, the cumulative gain or loss on the hedging instrument recognized in cash flow hedging reserve till the period the hedge was effective remains in cash flow hedging reserve until the forecasted transaction occurs. The cumulative gain or loss previously recognized in the cash flow hedging reserve is transferred to the net profit in the Interim condensed Consolidated Statement of Profit and Loss upon the occurrence of the related forecasted transaction.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 177, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "440cf258baeb1621"}, {"chunk_id": "1e0e6f30c6a5e609", "content": "flow hedging reserve is transferred to the net profit in the Interim condensed Consolidated Statement of Profit and Loss upon the occurrence of the related forecasted transaction. If the forecasted transaction is no longer expected to occur, then the amount accumulated in cash flow hedging reserve is reclassified to net profit in the Interim condensed Consolidated Statement of Profit and Loss. 2.10.3 Derecognition of financial instruments The Group derecognizes a financial asset when the contractual rights to the cash flows from the financial asset expire or it transfers the financial asset and the transfer qualifies for derecognition under Ind AS 109. A financial liability (or a part of a financial liability) is derecognized from the Group's Balance Sheet when the obligation specified in the contract is discharged or cancelled or expires. 2.10.4 Fair value of financial instruments In determining the fair value of its financial instruments, the Group uses a variety of methods and assumptions that are based on market conditions and risks existing at each reporting date. The methods used to determine fair value include discounted cash flow analysis, option pricing model, market multiples, available quoted market prices and dealer quotes. All methods of assessing fair value result in general approximation of value, and such value may never actually be realized.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 177, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "440cf258baeb1621"}, {"chunk_id": "8d51148a69878985", "content": "dealer quotes. All methods of assessing fair value result in general approximation of value, and such value may never actually be realized. Refer to table 'Financial instruments by category' below for the disclosure on carrying value and fair value of financial assets and liabilities. For financial assets and liabilities maturing within one year from the Balance Sheet date and which are not carried at fair value, the carrying amounts approximates fair value due to the short maturity of these instruments. The Group recognizes loss allowances using the expected credit loss (ECL) model for the financial assets and unbilled revenue which are not fair valued through profit or loss. Loss allowance for trade receivables and unbilled revenues with no significant financing component is measured at an amount equal to lifetime ECL. For all other financial assets, ECLs are measured at an amount equal to the 12-month ECL, unless there has been a significant increase in credit risk from initial recognition in which case those are measured at lifetime ECL. The Group determines the allowance for credit losses based on historical loss experience adjusted to reflect current and estimated future economic conditions. The Group considers current and anticipated future economic conditions relating to industries the Group deals with and the countries where it operates.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 177, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "440cf258baeb1621"}, {"chunk_id": "26aa0f4973880aff", "content": "The Group considers current and anticipated future economic conditions relating to industries the Group deals with and the countries where it operates. The amount of ECL (or reversal) that is required to adjust the loss allowance at the reporting date to the amount that is required to be recorded is recognized as an impairment loss or gain in Interim condensed Consolidated Statement of Profit and Loss. Financial instruments by category (In ₹ crore) Particulars Amortized The carrying value and fair value of financial instruments by categories as at September 30, 2025 are as follows: value through OCI Financial assets/ liabilities at fair value through profit or Financial assets/liabilities at fair Designated upon initial recognition Mandatory Equity instruments designated upon initial recognition Assets: Cash and cash equivalents (Refer to Note 2.8) 31,832                   —                   —                          —                        —                     31,832                31,832 Investments (Refer to Note 2.4) Equity and preference securities —                   25                   —                         257                        —                         282                    282 Tax free bonds and government bonds 497                   —                   —                          —                        —                         497                    507    (1)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 177, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "440cf258baeb1621"}, {"chunk_id": "1df01f3fc4a7482b", "content": "Liquid mutual fund units —                   —              5,192                          —                        —                       5,192                 5,192 Target maturity fund units —                   —                 483                          —                        —                         483                    483 Non convertible debentures —                   —                   —                          —                   5,888                       5,888                 5,888 Government securities —                   —                   —                          —                   4,289                       4,289                 4,289 Commercial paper —                   —                   —                          —                   1,734                       1,734                 1,734 Certificates of deposit —                   —                   —                          —                   4,894                       4,894                 4,894 Other investments —                   —                 226                          —                        —                         226                    226 Trade receivables (Refer to Note 2.7) 33,968                   —                   —                          —                        —                     33,968                33,968 Loans (Refer to Note 2.5)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 178, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "941598982c2c1f3e"}, {"chunk_id": "b7728b7b8bf7bf55", "content": "33,968                   —                   —                          —                        —                     33,968                33,968 Loans (Refer to Note 2.5) 252                   —                   —                          —                        —                         252                    252 Other financials assets (Refer to Note 2.6) 18,660                   —                   12                          —                        24                     18,696                18,684    (2) Total 85,209                      25                 5,913                             257                     16,829                       108,233                 108,231 Liabilities: Trade payables 3,839                   —                   —                          —                        —                       3,839                 3,839 Lease liabilities (Refer to Note 2.19) 8,755                   —                   —                          —                        —                       8,755                 8,755 Financial Liability under option arrangements (Refer to Note 2.12) —                   —                 753                          —                        —                         753                    753 Other financial liabilities (Refer to Note 2.12)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 178, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "941598982c2c1f3e"}, {"chunk_id": "91a70b2d46424357", "content": "—                   —                 753                          —                        —                         753                    753 Other financial liabilities (Refer to Note 2.12) 17,606                   —                 575                          —                        18                     18,199                18,199 Total 30,200                      —                 1,328                               —                            18                         31,546                   31,546 (1)  On account of fair value changes including interest accrued (2)  Excludes interest accrued on tax free bonds and government bonds carried at amortized cost of ₹12 crore The carrying value and fair value of financial instruments by categories as at  March 31, 2025 were as follows: (In ₹ crore) Particulars Amortized Financial assets/ liabilities at fair value through profit or Financial assets/liabilities at fair Designated upon initial recognition Mandatory Equity instruments designated upon initial recognition Assets: Cash and cash equivalents (Refer to Note 2.8) 24,455                   —                   —                          —                        —                     24,455                24,455 Investments (Refer to Note 2.4) Equity and preference securities —                   25                   —                         226                        —                         251                    251", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 178, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "941598982c2c1f3e"}, {"chunk_id": "bda6868e1a277cf5", "content": "Equity and preference securities —                   25                   —                         226                        —                         251                    251 Tax free bonds and government bonds 1,650                   —                   —                          —                        —                       1,650                 1,812    (1) Liquid mutual fund units —                   —              1,957                          —                        —                       1,957                 1,957 Target maturity fund units —                   —                 465                          —                        —                         465                    465 Non convertible debentures —                   —                   —                          —                   4,869                       4,869                 4,869 Government securities —                   —                   —                          —                   7,008                       7,008                 7,008 Commercial paper —                   —                   —                          —                   3,641                       3,641                 3,641 Certificates of deposit —                   —                   —                          —                   3,504                       3,504                 3,504 Other investments", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 178, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "941598982c2c1f3e"}, {"chunk_id": "39093e943c7da6d2", "content": "Certificates of deposit —                   —                   —                          —                   3,504                       3,504                 3,504 Other investments —                   —                 196                          —                        —                         196                    196 Trade receivables (Refer to Note 2.7) 31,158                   —                   —                          —                        —                     31,158                31,158 Loans (Refer to Note 2.5) 265                   —                   —                          —                        —                         265                    265 Other financials assets (Refer to Note 2.6) 17,159                   —                 164                          —                        28                     17,351                17,271    (2) Total 74,687                   25              2,782                         226                 19,050                     96,770                96,852 Liabilities: Trade payables 4,164                   —                   —                          —                        —                       4,164                 4,164 Lease liabilities (Refer to Note 2.19) 8,227                   —                   —                          —                        —                       8,227                 8,227 Financial Liability under option arrangements", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 178, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "941598982c2c1f3e"}, {"chunk_id": "fa927cc3aa339aef", "content": "8,227                   —                   —                          —                        —                       8,227                 8,227 Financial Liability under option arrangements (Refer to Note 2.12) —                   —                 667                          —                        —                         667                    667", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 178, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "941598982c2c1f3e"}, {"chunk_id": "ba26ec41be063786", "content": "Other financial liabilities (Refer to Note 2.12) 16,511                   —                   61                          —                        33                     16,605                16,605 Total 28,902                   —                 728                          —                        33                     29,663                29,663 (1)  On account of fair value changes including interest accrued (2)  Excludes interest accrued on tax free bonds and government bonds carried at amortized cost of ₹80 crore For trade receivables, trade payables, other assets and payables maturing within one year from the Balance Sheet date, the carrying amounts approximate the fair value due to the short maturity of these instruments. Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs). Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices). The fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as at September 30, 2025 is as follows: As at September 30, Fair value measurement at end of the reporting Level 1 Level 2 Level 3 Assets Investments (Refer to note 2.4) Investments in liquid mutual fund units", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 179, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9294aa9fe6760c0d"}, {"chunk_id": "27b41db460df6fb7", "content": "As at September 30, Fair value measurement at end of the reporting Level 1 Level 2 Level 3 Assets Investments (Refer to note 2.4) Investments in liquid mutual fund units 5,192                   5,192                           —                      — Investments in target maturity fund units 483                      483                           —                      — Investments in tax free bonds 469                      419                           50                      — Investments in government bonds 38                        38                           —                      — Investments in non convertible debentures 5,888                   5,739                         149                      — Investments in government securities 4,289                   4,253                           36                      — Investments in equity instruments 85                        83                           —                        2 Investments in preference securities 197                        —                           —                    197 Investments in commercial paper 1,734                        —                       1,734                      — Investments in certificates of deposit 4,894                        —                       4,894                      — Other investments 226                        —                           —                    226 Others", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 179, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9294aa9fe6760c0d"}, {"chunk_id": "0da1d5bb2f5e4757", "content": "4,894                        —                       4,894                      — Other investments 226                        —                           —                    226 Others 36                        —                           36                      — Liabilities Derivative financial instruments - gain  (Refer to Note 2.6) Derivative financial instruments - loss  (Refer to Note 2.12) 498                        —                         498                      — Liability towards contingent consideration (Refer to Note 2.12) (2) 95                        —                           —                      95 Financial liability under option arrangements (Refer to Note 2.12)  (1) 753                        —                           —                    753 (2)  Discount rate ranges from 3% to 6% (1) Discount rate ranges from 9% to 15% During the six months ended September 30, 2025, tax free bonds and state government securities of ₹96 crore was transferred from Level 2 to Level 1 of fair value hierarchy, since these were valued based on quoted price. Further, non convertible debentures and state government securities of ₹185 crore were transferred from Level 1 to Level 2 of fair value hierarchy, since these were valued based on market observable inputs. The fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as at March 31, 2025 was as follows: period using As at March 31, 2025", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 179, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9294aa9fe6760c0d"}, {"chunk_id": "f4f42c5e5cce30b9", "content": "The fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as at March 31, 2025 was as follows: period using As at March 31, 2025 Fair value measurement at end of the reporting Level 1 Level 2 Level 3 Assets Investments (Refer to note 2.4) Investments in liquid mutual fund units 1,957                       1,957                                —                          — Investments in target maturity fund units 465                          465                                —                          — Investments in tax free bonds 1,781                   1,227                         554                          — Investments in government bonds 31                        31                                —                          — Investments in non convertible debentures 4,869                   4,869                           —                          — Investments in government securities 7,008                       6,972                                36                          — Investments in equity instruments 59                            57                                —                            2 Investments in preference securities 192                            —                                —                        192 Investments in commercial paper 3,641                            —                           3,641                      — Investments in certificates of deposit", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 179, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9294aa9fe6760c0d"}, {"chunk_id": "794dafc57d78b09c", "content": "Investments in commercial paper 3,641                            —                           3,641                      — Investments in certificates of deposit 3,504                            —                           3,504                      — Other investments 196                            —                                —                        196 Derivative financial instruments - gain  (Refer to Note 2.6) 192                            —                              192                          — Derivative financial instruments - loss  (Refer to Note 2.12) Financial liability under option arrangements  (Refer to Note 2.12)  (1) 63                            —                                63                          — 667                            —                                —                        667 Liability towards contingent consideration (Refer to Note 2.12)  (2) 31                            —                                —                          31 (1) Discount rate ranges from 9% to 15% (2) Discount rate - 6% During the year ended March 31, 2025, government securities and non convertible debentures of ₹297 crore was transferred from Level 2 to Level 1 of fair value hierarchy, since these were valued based on quoted price. Further, non convertible debentures and tax free bonds of ₹554 crore were transferred from Level 1 to Level 2 of fair value hierarchy,", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 179, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9294aa9fe6760c0d"}, {"chunk_id": "6b5b3088373bd39a", "content": "A one percentage point change in the unobservable inputs used in fair valuation of Level 3 assets and liabilities does not have a significant impact in its value. Majority of investments of the Group are fair valued based on Level 1 or Level 2 inputs. These investments primarily include investment in liquid mutual fund units, target maturity fund units, tax-free bonds, certificates of deposit, commercial papers, treasury bills, government securities, non-convertible debentures, quoted bonds issued by government and quasi-government organizations. The Group invests after considering counterparty risks based on multiple criteria including Tier I capital, Capital Adequacy Ratio, Credit Rating, Profitability, NPA levels and Deposit base of banks and financial institutions. These risks are monitored regularly as per Group's risk management program. Ordinary shares are classified as equity share capital. Incremental costs directly attributable to the issuance of new ordinary shares, share options and buyback are recognized as a deduction from equity, net of any tax effects. When any entity within the Group purchases the company's ordinary shares, the consideration paid including any directly attributable incremental cost is presented as a deduction from total equity, until they are cancelled, sold or reissued.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 181, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b389673941faa532"}, {"chunk_id": "f139eebd0ec9f758", "content": "equity, until they are cancelled, sold or reissued. When treasury shares are sold or reissued subsequently, the amount received is recognized as an increase in equity, and the resulting surplus or deficit on the transaction is transferred to / from securities premium. Description of reserves Capital Redemption Reserve In accordance with section 69 of the Indian Companies Act, 2013, the Company creates capital redemption reserve equal to the nominal value of the shares bought back as an appropriation from general reserve / retained earnings. Retained earnings represent the amount of accumulated earnings of the Group. The amount received in excess of the par value of equity shares has been classified as securities premium. Amounts have been utilized for bonus issue and share buyback from share premium account. Share options outstanding account The share options outstanding account is used to record the fair value of equity-settled share based payment transactions with employees. The amounts recorded in share options outstanding account are transferred to securities premium upon exercise of stock options and transferred to general reserve on account of stock options not exercised by employees. Special Economic Zone Re-investment reserve The Special Economic Zone Re-investment reserve has been created out of the profit of the eligible SEZ unit in terms of the provisions of Sec 10AA (1)(ii) of Income Tax Act, 1961. The", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 181, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b389673941faa532"}, {"chunk_id": "4482f3ee8f27eccd", "content": "The Special Economic Zone Re-investment reserve has been created out of the profit of the eligible SEZ unit in terms of the provisions of Sec 10AA (1)(ii) of Income Tax Act, 1961. The reserve should be utilized by the Company for acquiring new plant and machinery for the purpose of its business in terms of the provisions of the Sec 10AA (2) of the Income Tax Act, 1961. Other components of equity Other components of equity include currency translation, remeasurement of net defined benefit liability / asset, equity instruments fair valued through other comprehensive income, changes on fair valuation of investments and changes in fair value of derivatives designated as cash flow hedges, net of taxes. Currency translation reserve The exchange differences arising from the translation of financial statements of foreign subsidiaries with functional currency other than Indian rupees is recognized in other comprehensive income and is presented within equity. Cash flow hedge reserve When a derivative is designated as a cash flow hedging instrument, the effective portion of changes in the fair value of the derivative is recognized in other comprehensive income and accumulated in the cash flow hedging reserve. The cumulative gain or loss previously recognized in the cash flow hedging reserve is transferred to the interim condensed Consolidated", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 181, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b389673941faa532"}, {"chunk_id": "0df7e7cc1ca03698", "content": "accumulated in the cash flow hedging reserve. The cumulative gain or loss previously recognized in the cash flow hedging reserve is transferred to the interim condensed Consolidated Statement of Profit and Loss upon the occurrence of the related forecasted transaction. (In ₹ crore, except as otherwise stated) September 30, 2025 March 31, 2025 Authorized Equity shares, ₹5 par value 480,00,00,000 (480,00,00,000) equity shares 2,400                  2,400 Issued, Subscribed and Paid-Up Equity shares, ₹5 par value(1) 2,074                  2,073 414,53,09,946  (414,36,07,528) equity shares fully paid-up(2) Note: Forfeited shares amounted to ₹1,500 (₹1,500) 2,074                  2,073 (2) Net of treasury shares 90,91,403 (96,55,927) (1) Refer to Note 2.20 for details of basic and diluted shares The Company has only one class of shares referred to as equity shares having a par value of ₹5/-. Each holder of equity shares is entitled to one vote per share. The equity shares represented by American Depositary Shares (ADS) carry similar rights to voting and dividends as the other equity shares. Each ADS represents one underlying equity share. In the event of liquidation of the Company, the holders of equity shares will be entitled to receive any of the remaining assets of the Company in proportion to the number of equity shares held by the shareholders, after distribution of all preferential amounts.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 181, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b389673941faa532"}, {"chunk_id": "d9e6bf4fb416d98d", "content": "by the shareholders, after distribution of all preferential amounts. However, no such preferential amounts exist currently, other than the amounts held by irrevocable controlled trusts. For irrevocable controlled trusts, the corpus would be settled in favor of the beneficiaries. There are no voting, dividend or liquidation rights to the holders of options issued under the company's share option plans For details of shares reserved for issue under the employee stock option plan of the Company refer to the note below. The reconciliation of the number of shares outstanding and the amount of share capital as at September 30, 2025 and March 31, 2025 are as follows: (In ₹ crore, except as stated otherwise) Particulars Number of shares Amount Number of shares Amount As at September 30, 2025 As at March 31, 2025 As at the beginning of the period 414,36,07,528                2,073 413,99,50,635                  2,071 Add: Shares issued on exercise of employee stock options 17,02,418                       1 36,56,893                          2 As at the end of the period 414,53,09,946                2,074 414,36,07,528                  2,073 Capital allocation policy Effective fiscal 2025, the Company expects to continue its policy of returning approximately 85% of the free cash flow cumulatively over a 5-year period through a combination of semi-annual", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 181, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b389673941faa532"}, {"chunk_id": "2872253eafd92b68", "content": "Effective fiscal 2025, the Company expects to continue its policy of returning approximately 85% of the free cash flow cumulatively over a 5-year period through a combination of semi-annual dividends and/or share buyback/ special dividends subject to applicable laws and requisite approvals, if any. Under this policy, the Company expects to progressively increase its annual dividend per share (excluding special dividend if any). Free cash flow is defined as net cash provided by operating activities less capital expenditure as per the consolidated statement of cash flows prepared under IFRS. Dividend and buyback include applicable taxes. Update on buyback announced in September 2025", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 181, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b389673941faa532"}, {"chunk_id": "849dda70d8d2eb3b", "content": "The Board, at its meeting on September 11, 2025, approved a proposal for the Company to buyback its fully paid-up equity shares of face value of ₹5/- each from the eligible equity shareholders of the Company for an amount of ₹18,000 crore, subject to shareholders' approval by way of Postal Ballot. The Buyback offer if approved by shareholders would comprise a purchase of 10,00,00,000 Equity Shares comprising approximately 2.41% of the total paid-up equity share capital of the Company as of June 30, 2025 (on standalone basis) at a price of ₹1,800 per Equity share. The buyback is proposed to be made from all eligible equity shareholders (including those who become equity shareholders as on the Record date by cancelling American Depository Shares and withdrawing underlying Equity shares) of the Company as on the Record Date (to be determined by the Board/ Buyback Committee) on a proportionate basis through the \"Tender offer\" route. The Company has sent out a notice to its shareholders as of September 26, 2025 seeking the approval of the shareholders through postal ballot. The voting for this postal ballot is expected to end on November 4, 2025. The Company’s objective when managing capital is to safeguard its ability to continue as a going concern and to maintain an optimal capital structure so as to maximize shareholder value. In", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 182, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6f49a03a4aa191e4"}, {"chunk_id": "62f26f4edc2a8ad4", "content": "The Company’s objective when managing capital is to safeguard its ability to continue as a going concern and to maintain an optimal capital structure so as to maximize shareholder value. In order to maintain or achieve an optimal capital structure, the Company may adjust the amount of dividend payment, return capital to shareholders, issue new shares or buy back issued shares. As of September 30, 2025, the Company has only one class of equity shares and has no debt. Consequent to the above capital structure there are no externally imposed capital requirements. The final dividend on shares is recorded as a liability on the date of approval by the shareholders and interim dividends are recorded as a liability on the date of declaration by the Company's Board of Directors. Income tax consequences of dividends on financial instruments classified as equity will be recognized according to where the entity originally recognized those past transactions or events that generated distributable profits. The Company declares and pays dividends in Indian rupees. Companies are required to pay/distribute dividend after deducting applicable taxes. The remittance of dividends outside India is governed by Indian law on foreign exchange and is also subject to withholding tax at applicable rates. The amount of per share dividend recognized as distribution to equity shareholders in accordance with Companies Act 2013 is as follows:", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 182, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6f49a03a4aa191e4"}, {"chunk_id": "d7ed1367d89952f2", "content": "The amount of per share dividend recognized as distribution to equity shareholders in accordance with Companies Act 2013 is as follows: 2025 2024 2025 2024 Final dividend for fiscal 2025 —                     —                          22.00                        — Special dividend for fiscal 2024 —                     —                                —                    8.00 Final dividend for fiscal 2024 —                     —                                —                  20.00 Three months ended September 30, Six months ended September 30, The Board of Directors in their meeting held on April 17, 2025 recommended a final dividend of ₹22/- per equity share for the financial year ended March 31, 2025. The same was approved by the shareholders at the Annual General Meeting (AGM) of the Company held on June 25, 2025 which resulted in a net cash outflow of ₹9,119 crore, excluding dividend paid on treasury shares. The final dividend was paid on June 30, 2025. The Board of Directors in their meeting held on October 16, 2025 declared an interim dividend of ₹23/- per equity share which would result in a net cash outflow of approximately ₹9,534 crore, excluding dividend paid on treasury shares Employee Stock Option Plan (ESOP): The Group recognizes compensation expense relating to share-based payments in net profit based on estimated fair values of the awards on the grant date. The estimated fair value of awards is", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 182, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6f49a03a4aa191e4"}, {"chunk_id": "d6c127ca134c4529", "content": "The Group recognizes compensation expense relating to share-based payments in net profit based on estimated fair values of the awards on the grant date. The estimated fair value of awards is recognized as an expense in the statement of profit and loss on a straight-line basis over the requisite service period for each separately vesting portion of the award as if the award was in- substance, multiple awards with a corresponding increase to share options outstanding account. Infosys Expanded Stock Ownership Program 2019 (the 2019 Plan) : On June 22, 2019 pursuant to approval by the shareholders in the Annual General Meeting, the Board has been authorized to introduce, offer, issue and provide share-based incentives to eligible employees of the Company and its subsidiaries under the 2019 Plan. The maximum number of shares under the 2019 Plan shall not exceed 5,00,00,000 equity shares. To implement the 2019 Plan, up to 4,50,00,000 equity shares may be issued by way of secondary acquisition of shares by Infosys Expanded Stock Ownership Trust. The Restricted Stock Units (RSUs) granted under the 2019 Plan shall vest based on the achievement of defined annual performance parameters as determined by the administrator (Nomination and Remuneration Committee).", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 182, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6f49a03a4aa191e4"}, {"chunk_id": "daa9de6e89092a88", "content": "granted under the 2019 Plan shall vest based on the achievement of defined annual performance parameters as determined by the administrator (Nomination and Remuneration Committee). The performance parameters will be based on a combination of relative Total Shareholder Return (TSR) against selected industry peers and certain broader market domestic and global indices and operating performance metrics of the Company as decided by administrator. Each of the above performance parameters will be distinct for the purposes of calculation of quantity of shares to vest based on performance. These instruments will generally vest between a minimum of 1 to maximum of 3 years from the grant date. 2015 Stock Incentive Compensation Plan (the 2015 Plan) : On March 31, 2016, pursuant to the approval by the shareholders through postal ballot, the Board was authorized to introduce, offer, issue and allot share-based incentives to eligible employees of the Company and its subsidiaries under the 2015 Stock Incentive Compensation Plan. The maximum number of shares under the 2015 Plan shall not exceed 2,40,38,883 equity shares (this includes 1,12,23,576 equity shares which are held by the trust towards the 2011 Plan as at March 31, 2016). These instruments will generally vest over a period of 4 years. The plan numbers mentioned above are further adjusted with the September 2018 bonus issue.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 182, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6f49a03a4aa191e4"}, {"chunk_id": "29b34a9f988b0a38", "content": "These instruments will generally vest over a period of 4 years. The plan numbers mentioned above are further adjusted with the September 2018 bonus issue. The equity settled and cash settled RSUs and stock options would vest generally over a period of 4 years and shall be exercisable within the period as approved by the Nomination and Remuneration Committee (NARC). The exercise price of the RSUs will be equal to the par value of the shares and the exercise price of the stock options would be the market price as on the date of grant. Controlled trust holds 90,91,403 and 96,55,927 shares as at September 30, 2025 and March 31, 2025, respectively, under the 2015 Plan. Out of these shares, 200,000 equity shares each have been earmarked for welfare activities of the employees as at September 30, 2025 and March 31, 2025. The following is the summary of grants made during the three months and six months ended September 30, 2025 and September 30, 2024: Particulars Three months ended September 30, Six months ended September 30, 2025 2024 2025 2024 2015 Plan: RSU", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 182, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6f49a03a4aa191e4"}, {"chunk_id": "10da1718ba345e04", "content": "Equity settled RSUs Key Management Personnel (KMP) -                        -                        277,077              295,168 Employees other than KMP 2,400              32,850                          7,400              129,340 2,400              32,850                      284,477              424,508 2015 Plan: Employee Stock Options (ESOPs) Equity settled RSUs Key Management Personnel (KMP) -                        -                        237,370                        - Employees other than KMP -                        -                     5,412,790                        - Cash settled RSUs Key Management Personnel (KMP) -                        -                                  -                          - -                        -                     5,650,160                        - Employees other than KMP -                        -                        108,180                        - -                        -                        108,180                        - Total Grants under 2015 Plan 2,400              32,850                   6,042,817              424,508 Equity settled RSUs Key Management Personnel (KMP) -                        -                          66,366                70,699 Employees other than KMP -                        -                                  -                    6,848 -                        -                          66,366                77,547 Total Grants under 2019 Plan", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 184, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "eae6026d40f84b41"}, {"chunk_id": "edb5182aec921b3b", "content": "-                        -                                  -                    6,848 -                        -                          66,366                77,547 Total Grants under 2019 Plan -                        -                          66,366                77,547 Notes on grants to KMP: The Board, on April 17, 2025, based on the recommendations of the Nomination and Remuneration Committee approved the following grants for fiscal 2026. In accordance with such approval the following grants were made effective May 2, 2025. - 2,30,621 performance-based RSUs (Annual performance equity grant) of fair value of ₹34.75 crore. These RSUs will vest in line with the employment agreement based on achievement of certain performance targets. - 13,273 performance-based grant of RSUs (Annual performance equity ESG grant) of fair value of ₹2 crore. These RSUs will vest in line with the employment agreement based on achievement of certain environment, social and governance milestones as determined by the Board. - 33,183 performance-based grant of RSUs (Annual performance Equity TSR grant) of fair value of ₹5 crore. These RSUs will vest in line with the employment agreement based on Company’s performance on cumulative relative TSR over the years and as determined by the Board.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 184, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "eae6026d40f84b41"}, {"chunk_id": "0785ce83dc3c55fa", "content": "These RSUs will vest in line with the employment agreement based on Company’s performance on cumulative relative TSR over the years and as determined by the Board. Though the annual time based grants and annual performance equity TSR grant for the remaining employment term ending on March 31, 2027 have not been granted as of September 30, 2025, since the service commencement date precedes the grant date, the company has recorded employment stock compensation expense in accordance with Ind AS 102, Share based payment. The grant date for this purpose in accordance with Ind AS 102, Share based payment is July 01, 2022. The Board, on April 17, 2025, based on the recommendations of the Nomination and Remuneration Committee, approved performance-based grant of RSUs amounting to ₹10 crore for fiscal 2026 under the 2019 Plan. These RSUs will vest based on achievement of certain performance targets. Accordingly, 66,366 performance based RSU’s were granted effective May 2, 2025. During the six months ended September 30, 2025, based on recommendations of Nomination and Remuneration Committee, the Board approved time based grants of 237,370 ESOPs to Other KMP under the 2015 Plan. These stock options will vest over a period of 4 years and shall be exercisable within the period as approved by the Committee. The exercise price of the stock options would be the market price as on the date of grant.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 184, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "eae6026d40f84b41"}, {"chunk_id": "0e65051edac2ffea", "content": "The exercise price of the stock options would be the market price as on the date of grant. The break-up of employee stock compensation expense is as follows: (in ₹ crore) Particulars Three months ended September 30, Six months ended September 30, 2025 2024 2025 2024 Granted to: KMP 18 17 35 35 Employees other than KMP 218 191 436 385 Total (1) 236                   208                             471                     420 The fair value of the awards are estimated using the Black-Scholes Model for time and non-market performance based options and Monte Carlo simulation model is used for TSR based options. (1) Cash-settled stock compensation expense included in the above 4                       8                                  9                       12 The inputs to the model include the share price at date of grant, exercise price, expected volatility, expected dividends, expected term and the risk free rate of interest. Expected volatility during the expected term of the options is based on historical volatility of the observed market prices of the Company's publicly traded equity shares during a period equivalent to the expected term of the options. Expected volatility of the comparative company have been modelled based on historical movements in the market prices of their publicly traded equity shares during a period equivalent to the expected term of the options.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 184, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "eae6026d40f84b41"}, {"chunk_id": "2a1039943471c3fb", "content": "period equivalent to the expected term of the options. Correlation coefficient is calculated between each peer entity and the indices as a whole or between each entity in the peer group. The fair value of each equity settled award is estimated on the date of grant using the following assumptions: Fiscal 2026- Equity Shares-RSU Fiscal 2026- Equity Shares- For options granted in Fiscal 2025- Equity Shares-RSU Weighted average share price (₹) / ($ ADS) 1,507                         1,554                17.93                          1,428                  18.09 Exercise price (₹) / ($ ADS) 5.00 1,554                17.93                            5.00                    0.07 Expected volatility (%) 23-25 25-28 26-30 21-26 23-28 Expected life of the option (years) 1-4 3-7 3-7 1-4 1-4 Expected dividends (%) 2-3 2-3 2-3 2-3 2-3 Risk-free interest rate (%) 6 6                       4 7 4-5 1,355 390                  4.09                          1,311                  16.59 Weighted average fair value as on grant date (₹) / ($ ADS) The expected life of the RSU/ESOP is estimated based on the vesting term and contractual term of the RSU/ESOP, as well as expected exercise behavior of the employee who receives the RSU/ESOP. (In ₹ crore) Particulars 2.12  OTHER FINANCIAL LIABILITIES September 30, 2025 March 31, 2025 Non-current Others Accrued compensation to employees (1) 98                                   12 Accrued expenses (1) 1,921                              1,890", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 184, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "eae6026d40f84b41"}, {"chunk_id": "3eda25fb9f6fd5ce", "content": "Financial liability under option arrangements (2) # 124                                 115 Payable for acquisition of business - Contingent consideration (2) 70                                   20 Other Payables (1)(4) —                                     5 Total non-current other financial liabilities 2,320                              2,141 Unpaid dividends (1) 42                                   45 Others Accrued compensation to employees (1) 5,062                              4,924 Accrued expenses (1) 9,498                              8,467 Payable for acquisition of business - Contingent consideration (2) 25                                   11 Payable by controlled trusts (1) 173                                 173 Compensated absences 3,335                              2,908 Financial liability under option arrangements (2) # 629                                 552 Foreign currency forward and options contracts (2) (3) 498                                   63 Capital creditors (1) 302                                 520 Other payables (1)(4) 510                                 475 Total current other financial liabilities 20,074                            18,138 Total other financial liabilities 22,394                            20,279 (1) Financial liability carried at amortized cost 17,606                            16,511 (2) Financial liability carried at fair value through profit or loss 1,328                                 728", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 185, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "32305e829d74533a"}, {"chunk_id": "2f900a94f83bb1ee", "content": "(1) Financial liability carried at amortized cost 17,606                            16,511 (2) Financial liability carried at fair value through profit or loss 1,328                                 728 (3) Financial liability carried at fair value through other comprehensive income 18                                   33 (4) The Group entered into financing arrangements with a third party towards technology assets taken over by the Group from a customer as a part of transformation project which was not considered as distinct goods or services as the control related to those assets was not transferred to the Group in accordance with Ind AS 115 - Revenue from contract with customers. As at September 30, 2025 and March 31, 2025, the financial liability pertaining to such arrangements amounts to ₹48 crore and ₹67 crore, respectively. # Represents liability related to options issued by the Group over the non-controlling interests in its subsidiaries Accrued expenses primarily relate to cost of technical sub-contractors, telecommunication charges, legal and professional charges, brand building expenses, overseas travel expenses, office maintenance and cost of third party software and hardware. 2.13  OTHER LIABILITIES September 30, 2025 March 31, 2025 Accrued defined benefit liability 171                                 115 Others 76                                 100 Total non-current other liabilities 247                                 215", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 185, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "32305e829d74533a"}, {"chunk_id": "27056aa38d8b3fdd", "content": "March 31, 2025 Accrued defined benefit liability 171                                 115 Others 76                                 100 Total non-current other liabilities 247                                 215 Unearned revenue 9,022                              8,492 Others Withholding taxes and others 3,435                              3,256 Accrued defined benefit liability 19                                     6 Others 12                                   11 Total current other liabilities 12,488                            11,765 Total other liabilities 12,735                            11,980 A provision is recognized if, as a result of a past event, the Group has a present legal or constructive obligation that is reasonably estimable, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability.The Group recognizes a reimbursement asset when, and only when, it is virtually certain that the reimbursement will be received if the Group settles the obligation. a. Post sales client support The Group provides its clients with a fixed-period post sales support on its fixed-price, fixed-timeframe contracts. Costs associated with such support services are", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 185, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "32305e829d74533a"}, {"chunk_id": "ed511b90e1f18382", "content": "a. Post sales client support The Group provides its clients with a fixed-period post sales support on its fixed-price, fixed-timeframe contracts. Costs associated with such support services are accrued at the time related revenues are recorded and included in Consolidated Statement of Profit and Loss. The Group estimates such costs based on historical experience and estimates are reviewed on a periodic basis for any material changes in assumptions and likelihood of occurrence. Provisions for onerous contracts are recognized when the expected benefits to be derived by the Group from a contract are lower than the unavoidable costs of meeting the future obligations under the contract. Provisions for estimated losses, if any, on incomplete contracts are recorded in the period in which such losses become probable based on the estimated efforts or costs to complete the contract. The provision is measured at the present value of the lower of the expected cost of terminating the contract and the expected net cost of continuing with the contract. Before a provision is established the Group recognizes any impairment loss on the assets associated with that contract. Provision for post-sales client support and other provisions: (In ₹ crore) Particulars September 30, 2025 March 31, 2025 Current Others Post-sales client support and others 1,499                              1,325 133                                 150 Total provisions", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 185, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "32305e829d74533a"}, {"chunk_id": "d9db8651ffe3e3ff", "content": "(In ₹ crore) Particulars September 30, 2025 March 31, 2025 Current Others Post-sales client support and others 1,499                              1,325 133                                 150 Total provisions 1,632                              1,475 Other provisions pertaining to settlement (refer to note 2.21.2) Provision for post-sales client support and other provisions majorly represents costs associated with providing sales support services which are accrued at the time of recognition of revenues and are expected to be utilized over a period of 1 year. Provision for post sales client support and other provisions is included in cost of sales in the condensed consolidated statement of profit and loss.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 185, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "32305e829d74533a"}, {"chunk_id": "aefb39562714abf8", "content": "Income tax expense comprises current and deferred income tax. Income tax expense is recognized in net profit in the Consolidated Statement of Profit and Loss except to the extent that it relates to items recognized directly in equity, in which case it is recognized in equity or other comprehensive income. Current income tax for current and prior periods is recognized at the amount expected to be paid to or recovered from the tax authorities, using the tax rates and tax laws that have been enacted or substantively enacted by the Balance Sheet date. Deferred income tax assets and liabilities are recognized for all temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements except when the deferred income tax arises from the initial recognition of goodwill or an asset or liability in a transaction that is not a business combination and affects neither accounting nor taxable profit or loss at the time of the transaction. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized. Deferred income tax assets and liabilities are measured using tax rates and tax laws that have been enacted or substantively enacted by the Balance Sheet date and are expected", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 187, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e58a363035a5f316"}, {"chunk_id": "8735524026c49a5b", "content": "Deferred income tax assets and liabilities are measured using tax rates and tax laws that have been enacted or substantively enacted by the Balance Sheet date and are expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of changes in tax rates on deferred income tax assets and liabilities is recognized as income or expense in the period that includes the enactment or the substantive enactment date. A deferred income tax asset is recognized to the extent that it is probable that future taxable profit will be available against which the deductible temporary differences and tax losses can be utilized. Deferred income taxes are not provided on the undistributed earnings of subsidiaries and branches where it is expected that the earnings of the subsidiary or branch will not be distributed in the foreseeable future. The Group offsets current tax assets and current tax liabilities; deferred tax assets and deferred tax liabilities, where it has a legally enforceable right to set off the recognized amounts and where it intends either to settle on a net basis, or to realize the asset and settle the liability simultaneously. The income tax provision for the interim period is made based on the best estimate of the annual average tax rate expected to be applicable for the full financial year.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 187, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e58a363035a5f316"}, {"chunk_id": "656b2621d458f8c6", "content": "The income tax provision for the interim period is made based on the best estimate of the annual average tax rate expected to be applicable for the full financial year. Tax benefits of deductions earned on exercise of employee share options in excess of compensation charged to income are credited to equity. (In ₹ crore) Particulars Income tax expense in the condensed Consolidated Statement of Profit and Loss comprises: Six months ended September 30, Three months ended September 30, Current taxes 3,178                            3,146                         6,232                      6,144 Deferred taxes (324)                              (409)                           (562)                       (760) Income tax expense 2,854                            2,737                         5,670                      5,384 Income tax expense for the three months ended September 30, 2025 and September 30, 2024 includes reversals (net of provisions) of ₹2 crore and provisions (net of reversals) of ₹83 crore, respectively. Income tax expense for the six months ended September 30, 2025 and September 30, 2024 includes provisions (net of reversals) of ₹114 crore and provisions (net of reversals) of ₹143 crore, respectively .These provisions and reversals pertaining to prior periods are primarily on account of adjudication of certain disputed matters, upon filing of tax return and completion of assessments, across various jurisdictions.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 187, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e58a363035a5f316"}, {"chunk_id": "c884e841a266330d", "content": "matters, upon filing of tax return and completion of assessments, across various jurisdictions. Deferred income tax for the three months and six months ended September 30, 2025 and September 30, 2024 substantially relates to origination and reversal of temporary differences. The Company’s Advanced Pricing Arrangement (APA) with the Internal Revenue Service (IRS) for US branch income tax expired in March 2021. The Company has applied for renewal of APA and currently the US taxable income is based on the Company’s best estimate determined based on the expected value method. 2.16 REVENUE FROM OPERATIONS The Group derives revenues primarily from IT services comprising software development and related services, cloud and infrastructure services, maintenance, consulting and package implementation, licensing of software products and platforms across the Group’s core and digital offerings (together called as “software related services”) and business process management services. Contracts with customers are either on a time-and-material, unit of work, fixed-price or on a fixed-timeframe basis. Revenues from customer contracts are considered for recognition and measurement when the contract has been approved in writing by the parties, to the contract, the parties to contract are committed to perform their respective obligations under the contract, and the contract is legally enforceable.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 187, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e58a363035a5f316"}, {"chunk_id": "4cfa9ec5ae5f8a4b", "content": "contract are committed to perform their respective obligations under the contract, and the contract is legally enforceable. Revenue is recognized upon transfer of control of promised products or services (“performance obligations”) to customers in an amount that reflects the consideration the Group has received or expects to receive in exchange for these products or services (“transaction price”). When there is uncertainty as to collectability, revenue recognition is postponed until such uncertainty is resolved. The Group assesses the services promised in a contract and identifies distinct performance obligations in the contract. The Group allocates the transaction price to each distinct performance obligation based on the relative standalone selling price. The price that is regularly charged for an item when sold separately is the best evidence of its standalone selling price. In the absence of such evidence, the primary method used to estimate standalone selling price is the expected cost plus a margin, under which the Group estimates the cost of satisfying the performance obligation and then adds an appropriate margin based on similar services. The Group’s contracts may include variable consideration including rebates, volume discounts and penalties. The Group includes variable consideration as part of transaction price", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 187, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e58a363035a5f316"}, {"chunk_id": "2d0eee65d5910f8e", "content": "The Group’s contracts may include variable consideration including rebates, volume discounts and penalties. The Group includes variable consideration as part of transaction price when there is a basis to reasonably estimate the amount of the variable consideration and when it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is resolved.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 187, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e58a363035a5f316"}, {"chunk_id": "a3f4818ce32429fe", "content": "Revenue on time-and-material and unit of work based contracts, are recognized as the related services are performed. Fixed price maintenance revenue is recognized ratably either on a straight-line basis when services are performed through an indefinite number of repetitive acts over a specified period or ratably using a percentage of completion method when the pattern of benefits from the services rendered to the customer and the Group’s costs to fulfil the contract is not even through the period of contract because the services are generally discrete in nature and not repetitive. Revenue from other fixed-price, fixed-timeframe contracts, where the performance obligations are satisfied over time is recognized using the percentage-of-completion method. Efforts or costs expended are used to determine progress towards completion as there is a direct relationship between input and productivity. Progress towards completion is measured as the ratio of costs or efforts incurred to date (representing work performed) to the estimated total costs or efforts. Estimates of transaction price and total costs or efforts are continuously monitored over the term of the contracts and are recognized in net profit in the period when these estimates change or when the estimates are revised. Revenues and the estimated total costs or efforts are subject to revision as the contract progresses.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 188, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "522f8f5ea610f6c1"}, {"chunk_id": "99ae5e487f54f472", "content": "estimates are revised. Revenues and the estimated total costs or efforts are subject to revision as the contract progresses. Provisions for estimated losses, if any, on incomplete contracts are recorded in the period in which such losses become probable based on the estimated efforts or costs to complete the contract. The billing schedules agreed with customers include periodic performance based billing and / or milestone based progress billings. Revenues in excess of billing are classified as unbilled revenue while billing in excess of revenues are classified as contract liabilities (which we refer to as unearned revenues). In arrangements for software development and related services and maintenance services, by applying the revenue recognition criteria for each distinct performance obligation, the arrangements with customers generally meet the criteria for considering software development and related services as distinct performance obligations. For allocating the transaction price, the Group measures the revenue in respect of each performance obligation of a contract at its relative standalone selling price. The price that is regularly charged for an item when sold separately is the best evidence of its standalone selling price. In cases where the Group is unable to determine the standalone selling price, the Group uses the expected cost plus margin approach in estimating the standalone selling price.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 188, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "522f8f5ea610f6c1"}, {"chunk_id": "aaa902935131c61f", "content": "In cases where the Group is unable to determine the standalone selling price, the Group uses the expected cost plus margin approach in estimating the standalone selling price. For software development and related services, the performance obligations are satisfied as and when the services are rendered since the customer generally obtains control of the work as it progresses. Certain cloud and infrastructure services contracts include multiple elements which may be subject to other specific accounting guidance, such as leasing guidance. These contracts are accounted in accordance with such specific accounting guidance. In such arrangements where the Group is able to determine that hardware and services are distinct performance obligations, it allocates the consideration to these performance obligations on a relative standalone selling price basis. In the absence of standalone selling price, the Group uses the expected cost-plus margin approach in estimating the standalone selling price. When such arrangements are considered as a single performance obligation, revenue is recognized over the period and measure of progress is determined  based on promise in the contract. Revenue from licenses where the customer obtains a “right to use” the licenses is recognized at the time the license are made available to the customer. Revenue from licenses where the customer obtains a “right to access” is recognized over the access period.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 188, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "522f8f5ea610f6c1"}, {"chunk_id": "d56f6a4cd252e11e", "content": "Revenue from licenses where the customer obtains a “right to access” is recognized over the access period. Arrangements to deliver software products generally have three elements: license, implementation and Annual Technical Services (ATS).When implementation services are provided in conjunction with the licensing arrangement and the license and implementation have been identified as two distinct separate performance obligations, the transaction price for such contracts are allocated to each performance obligation of the contract based on their relative standalone selling prices. In the absence of standalone selling price for implementation, the Group uses the expected cost plus margin approach in estimating the standalone selling price. Where the license is required to be substantially customized as part of the implementation service the entire arrangement fee for license and implementation is considered to be a single performance obligation and the revenue is recognized using the percentage-of-completion method as the implementation is performed. Revenue from client training, support and other services arising due to the sale of software products is recognized as the performance obligations are satisfied. ATS revenue is recognized ratably on a straight line basis over the period in which the services are rendered.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 188, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "522f8f5ea610f6c1"}, {"chunk_id": "e13c14163a32660a", "content": "recognized as the performance obligations are satisfied. ATS revenue is recognized ratably on a straight line basis over the period in which the services are rendered. Contracts with customers includes subcontractor services or third-party vendor equipment or software in certain integrated services arrangements. In these types of arrangements, revenue from sales of third-party vendor products or services is recorded net of costs when the Group is acting as an agent between the customer and the vendor, and gross when the Group is the principal for the transaction. In doing so, the Group first evaluates whether it obtains control of the specified goods or services before they are transferred to the customer. The Group considers whether it is primarily responsible for fulfilling the promise to provide the specified goods or services, inventory risk, pricing discretion and other factors to determine whether it controls the specified goods or services and therefore, is acting as a principal or an agent. A contract modification is a change in the scope or price or both of a contract that is approved by the parties to the contract. A contract modification that results in the addition of distinct performance obligations are accounted for either as a separate contract if the additional services are priced at the standalone selling price or as a termination of the existing", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 188, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "522f8f5ea610f6c1"}, {"chunk_id": "4f6c5113a159a7a7", "content": "distinct performance obligations are accounted for either as a separate contract if the additional services are priced at the standalone selling price or as a termination of the existing contract and creation of a new contract if they are not priced at the standalone selling price. If the modification does not result in a distinct performance obligation, it is accounted for as part of the existing contract on a cumulative catch-up basis. The incremental costs of obtaining a contract (i.e., costs that would not have been incurred if the contract had not been obtained) are recognized as an asset if the Group expects to recover them.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 188, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "522f8f5ea610f6c1"}, {"chunk_id": "aff95f2f5c454506", "content": "Certain eligible, nonrecurring costs (e.g. set-up or transition or transformation costs) that do not represent a separate performance obligation are recognized as an asset when such costs (a) relate directly to the contract; (b) generate or enhance resources of the Group that will be used in satisfying the performance obligation in the future; and (c) are expected to be recovered. Capitalized contract costs relating to upfront payments to customers are amortized to revenue and other capitalized costs are amortized to expenses over the respective contract life on a systematic basis consistent with the transfer of goods or services to customer to which the asset relates. Capitalized costs are monitored regularly for impairment. Impairment losses are recorded when present value of projected remaining operating cash flows is not sufficient to recover the carrying amount of the capitalized costs. The Group presents revenues net of indirect taxes in its Consolidated Statement of Profit and Loss. Revenue from operation for the three months and six months ended September 30, 2025 and September 30, 2024 are as follows: (In ₹ crore) Particulars Six months ended September 30, Three months ended September 30, 2025 2024 2025 2024 Revenue from software services 42,392                           39,133                 82,723                  76,629 Revenue from products and platforms", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 189, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "815703d49aa9f8d4"}, {"chunk_id": "34364bc80ed77c55", "content": "Three months ended September 30, 2025 2024 2025 2024 Revenue from software services 42,392                           39,133                 82,723                  76,629 Revenue from products and platforms 2,098                             1,853                  4,046                    3,671 Total revenue from  operations 44,490                           40,986                 86,769                  80,300 The Group also derives revenues from the sale of products and platforms like Finacle – core banking solution, Edge Suite of products, Panaya platform, Stater digital platform and Infosys McCamish – insurance platform. Disaggregated revenue information Revenue disaggregation by business segments has been included in segment information (Refer to Note 2.23) . The table below presents disaggregated revenues from contracts with customers by geography and contract type. The Group believes that this disaggregation best depicts how the nature, amount, timing and uncertainty of revenues and cash flows are affected by industry, market and other economic factors. (In ₹ crore) Particulars For the three months and six months ended September 30, 2025 and September 30, 2024: Six months ended September 30, Three months ended September 30, 2025 2024 2025 2024 Revenues by Geography* North America 25,027                           23,507                 48,894                  46,649 Europe", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 189, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "815703d49aa9f8d4"}, {"chunk_id": "d46d231b16630156", "content": "Six months ended September 30, Three months ended September 30, 2025 2024 2025 2024 Revenues by Geography* North America 25,027                           23,507                 48,894                  46,649 Europe 14,125                           12,208                 27,463                  23,394 India 1,387                             1,288                  2,606                    2,515 Rest of the world 3,951                             3,983                  7,806                    7,742 * Geographical revenue is based on the domicile of customer Total 44,490                           40,986                 86,769                  80,300 The percentage of revenue from fixed-price contracts for each of the three months ended September 30, 2025 and September 30, 2024 is 54%. The percentage of revenue from fixed- price contracts for each of the six months ended September 30, 2025 and September 30, 2024 is 54%. Trade Receivables and Contract Balances The timing of revenue recognition, billings and cash collections results in receivables, unbilled revenue, and unearned revenue on the Group’s Consolidated Balance Sheet. Amounts are billed as work progresses in accordance with agreed-upon contractual terms, either at periodic intervals (e.g., monthly or quarterly) or upon achievement of contractual milestones. The Group’s receivables are rights to consideration that are unconditional.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 189, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "815703d49aa9f8d4"}, {"chunk_id": "5bd8c928da4f4840", "content": "The Group’s receivables are rights to consideration that are unconditional. Unbilled revenues comprising revenues in excess of billings from time and material contracts and fixed price maintenance contracts are classified as financial asset when the right to consideration is unconditional and is due only after a passage of time. Invoicing to the clients for other fixed price contracts is based on milestones as defined in the contract and therefore the timing of revenue recognition is different from the timing of invoicing to the customers. Therefore unbilled revenues for other fixed price contracts (contract asset) are classified as non-financial asset because the right to consideration is dependent on completion of contractual milestones. Invoicing in excess of earnings are classified as unearned revenue. Trade receivables and unbilled revenues are presented net of impairment in the consolidated Balance Sheet. Other income is comprised primarily of interest income, dividend income, gain/loss on investment and exchange gain/loss on forward and options contracts and on translation of foreign currency assets and liabilities. Interest income is recognized using the effective interest method. Dividend income is recognized when the right to receive payment is established. The functional currency of Infosys, its Indian subsidiaries and controlled trusts is the Indian rupee.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 189, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "815703d49aa9f8d4"}, {"chunk_id": "35bfdd65368d58b1", "content": "Dividend income is recognized when the right to receive payment is established. The functional currency of Infosys, its Indian subsidiaries and controlled trusts is the Indian rupee. The functional currencies for foreign subsidiaries are their respective local currencies. These financial statements are presented in Indian rupees (rounded off to crore; one crore equals ten million). Transactions and translations Foreign-currency denominated monetary assets and liabilities are translated into the relevant functional currency at exchange rates in effect at the Balance Sheet date. The gains or losses resulting from such translations are recognized in the Condensed Consolidated Statement of Profit and Loss and reported within exchange gains/ (losses) on translation of assets and liabilities, net, except when deferred in Other Comprehensive Income as qualifying cash flow hedges. Non-monetary assets and non- monetary liabilities denominated in a foreign currency and measured at fair value are translated at the exchange rate prevalent at the date when the fair value was determined. Non-monetary assets and non-monetary liabilities denominated in a foreign currency and measured at historical cost are translated at the exchange rate prevalent at the date of transaction. The related revenue and expense are recognized using the same exchange rate.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 189, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "815703d49aa9f8d4"}, {"chunk_id": "ee43b6736ec85597", "content": "prevalent at the date of transaction. The related revenue and expense are recognized using the same exchange rate. Transaction gains or losses realized upon settlement of foreign currency transactions are included in determining net profit for the period in which the transaction is settled. Revenue, expense and cash-flow items denominated in foreign currencies are translated into the relevant functional currencies using the exchange rate in effect on the date of the transaction.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 189, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "815703d49aa9f8d4"}, {"chunk_id": "3c15b45f41914b70", "content": "The translation of financial statements of the foreign subsidiaries to the presentation currency is performed for assets and liabilities using the exchange rate in effect at the Balance Sheet date and for revenue, expense and cash-flow items using the average exchange rate for the respective periods. The gains or losses resulting from such translation are included in currency translation reserves under other components of equity. When a subsidiary is disposed off, in full, the relevant amount is transferred to net profit in the Condensed Consolidated Statement of Profit and Loss. However when a change in the parent's ownership does not result in loss of control of a subsidiary, such changes are recorded through equity. Other Comprehensive Income, net of taxes includes translation differences on non-monetary financial assets measured at fair value at the reporting date, such as equities classified as financial instruments and measured at fair value through other comprehensive income (FVOCI). Goodwill and fair value adjustments arising on the acquisition of a foreign entity are treated as assets and liabilities of the foreign entity and translated at the exchange rate in effect at the Balance Sheet date. The Group recognizes government grants only when there is reasonable assurance that the conditions attached to them shall be complied with, and the grants will be received.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 190, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2ebd3184d547c180"}, {"chunk_id": "ffbe24043c2e28eb", "content": "The Group recognizes government grants only when there is reasonable assurance that the conditions attached to them shall be complied with, and the grants will be received. Government grants related to assets are treated as deferred income and are recognized in net profit in the Consolidated Statement of Profit and Loss on a systematic and rational basis over the useful life of the asset. Government grants related to revenue are recognized on a systematic basis in net profit in the Consolidated Statement of Profit and Loss over the periods necessary to match them with the related costs which they are intended to compensate. Other income for the three months and six months ended September 30, 2025 and September 30, 2024 is as follows: (In ₹ crore) Particulars Three months ended September 30, Six months ended September 30, 2025 2024 2025 2024 Interest income on financial assets carried at amortized cost Tax free bonds and Government bonds 16                        31                               42                       61 Deposit with Bank and others 475                      342                             938                     649 Interest income on financial assets carried at fair value through other comprehensive income Non-convertible debentures, commercial paper, certificates of deposit and government securities Gain / (loss) on liquid mutual funds and other investments 54 72 131 181", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 190, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2ebd3184d547c180"}, {"chunk_id": "650a79dfb8ec3cab", "content": "income Non-convertible debentures, commercial paper, certificates of deposit and government securities Gain / (loss) on liquid mutual funds and other investments 54 72 131 181 2                          2                                 1                         2 Income on investments carried at amortized cost 57                        —                               81                       — (678) (399) (1,350) (365) Income on investments carried at fair value through profit or loss Income on investments carried at fair value through other comprehensive income Exchange gains / (losses) on translation of other assets and liabilities Exchange gains / (losses) on forward and options contracts 797                      386                          1,540                     388 Miscellaneous income, net 17                        60                               67                       88 Total other income 982                      712                          2,024                  1,551 Gratuity and Pensions The Group provides for gratuity, a defined benefit retirement plan ('the Gratuity Plan') covering eligible employees majorly of Infosys and its Indian subsidiaries. The Gratuity Plan provides a lump-sum payment to vested employees at retirement, death, incapacitation or termination of employment, of an amount based on the respective employee's salary and the tenure of employment with the Group.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 190, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2ebd3184d547c180"}, {"chunk_id": "cd8a7e811b0e602e", "content": "respective employee's salary and the tenure of employment with the Group. The Company contributes Gratuity liabilities to the Infosys Limited Employees' Gratuity Fund Trust (the Trust). In case of Infosys BPM and EdgeVerve, contributions are made to the Infosys BPM Employees' Gratuity Fund Trust and EdgeVerve Systems Limited Employees' Gratuity Fund Trust, respectively. Trustees administer contributions made to the Trusts and contributions are invested in a scheme with the Life Insurance Corporation of India as permitted by Indian law. The Group operates defined benefit pension plan in certain overseas jurisdictions, in accordance with the local laws. These plans are managed by third party fund managers. The plans provide for periodic payouts after retirement and/or for a lumpsum payment as set out in rules of each fund and includes death and disability benefits. The defined benefit plans require contributions which are based on a percentage of salary that varies depending on the age of the respective employees. Liabilities with regard to these defined benefit plans are determined by actuarial valuation, performed by an external actuary, at each Balance Sheet date using the projected unit credit method. These defined benefit plans expose the Group to actuarial risks, such as longevity risk,  interest rate risk and market risk.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 190, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2ebd3184d547c180"}, {"chunk_id": "414a76bb0a7bf8dd", "content": "projected unit credit method. These defined benefit plans expose the Group to actuarial risks, such as longevity risk,  interest rate risk and market risk. The Group recognizes the net obligation of a defined benefit plan in its Balance Sheet as an asset or liability. Gains and losses through re-measurements of the net defined benefit liability / (asset) are recognized in other comprehensive income and are not reclassified to profit or loss in subsequent periods. The actual return of the portfolio of plan assets, in excess of the yields computed by applying the discount rate used to measure the defined benefit obligation is recognized in other comprehensive income. The effect of any plan amendments is recognized in net profit in the Consolidated Statement of Profit and Loss. Eligible employees of Infosys receive benefits from a provident fund, which is a defined benefit plan. Both the eligible employee and the Company make monthly contributions to the provident fund plan equal to a specified percentage of the covered employee's salary. The Company contributes a portion to the Infosys Limited Employees' Provident Fund Trust. The trust invests in specific designated instruments as permitted by Indian law. The remaining portion is contributed to the government administered pension fund. The rate at which the annual interest is payable to the beneficiaries by the trust is being administered by the Government of India.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 190, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2ebd3184d547c180"}, {"chunk_id": "c8b478b3e21449b9", "content": "government administered pension fund. The rate at which the annual interest is payable to the beneficiaries by the trust is being administered by the Government of India. The Company has an obligation to make good the shortfall, if any, between the return from the investments of the trust and the notified interest rate.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 190, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2ebd3184d547c180"}, {"chunk_id": "8d330934d04f623e", "content": "In respect of Indian subsidiaries, eligible employees receive benefits from a provident fund, which is a defined contribution plan. Both the eligible employee and the respective companies make monthly contributions to this provident fund plan equal to a specified percentage of the covered employee's salary. Amounts collected under the provident fund plan are deposited in a government administered provident fund. The Companies have no further obligation to the plan beyond its monthly contributions. Certain employees of Infosys, Infosys BPM and EdgeVerve are participants in a defined contribution plan. The Group has no further obligations to the plan beyond its monthly contributions which are periodically contributed to a trust fund, the corpus of which is invested with the Life Insurance Corporation of India. The Group has a policy on compensated absences which are both accumulating and non-accumulating in nature. The expected cost of accumulating compensated absences is determined by actuarial valuation performed by an external actuary at each Balance Sheet date using projected unit credit method on the additional amount expected to be paid/availed as a result of the unused entitlement that has accumulated at the Balance Sheet date. Expense on non-accumulating compensated absences is recognized in the period in which the absences occur. 2025 2024 2025 2024 Employee benefit expenses Three months ended September 30,", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 191, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c3182e2938abfd69"}, {"chunk_id": "38e82ca966c4db40", "content": "Expense on non-accumulating compensated absences is recognized in the period in which the absences occur. 2025 2024 2025 2024 Employee benefit expenses Three months ended September 30, Six months ended September 30, Salaries including bonus 22,396                 20,648                        44,221                40,671 Contribution to provident and other funds 651                      574                          1,299                  1,147 Share based payments to employees (Refer to Note 2.11) 236                      208                             471                     420 Staff welfare 155                      134                             293                     260 23,438                 21,564                        46,284                42,498 Cost of software packages and others For own use 693                      612                          1,368                  1,201 Third party items bought for service delivery to clients 3,332                   3,337                          6,403                  6,203 4,025                   3,949                          7,771                  7,404 Repairs and maintenance 376                      327                             734                     661 Power and fuel 60                        58                             114                     122 Brand and marketing 289                      254                             676                     605 Rates and taxes", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 191, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c3182e2938abfd69"}, {"chunk_id": "13a5638aecf219d1", "content": "60                        58                             114                     122 Brand and marketing 289                      254                             676                     605 Rates and taxes 84                        90                             172                     207 Consumables 65                        52                             119                     102 Insurance 86                        77                             165                     152 Provision for post-sales client support and others 81                      134                             (97)                       26 Commission to non-whole time directors 5                          4                                 9                         8 (1)                        99                               34                       95 Contributions towards Corporate Social Responsibility 148                      158                             265                     329 Others 241                      143                             366                     338 1,434                   1,396                          2,557                  2,645 Impairment loss recognized / (reversed) under expected credit loss model The Group as a lessee The Group’s lease asset classes primarily consist of leases for land, buildings and computers. The Group assesses whether a contract contains a lease, at inception of a contract.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 191, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c3182e2938abfd69"}, {"chunk_id": "b66cf2c91c66683f", "content": "The Group as a lessee The Group’s lease asset classes primarily consist of leases for land, buildings and computers. The Group assesses whether a contract contains a lease, at inception of a contract. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, the group assesses whether: (1) the contract involves the use of an identified asset (2) the Group has substantially all of the economic benefits from use of the asset through the period of the lease and (3) the Group has the right to direct the use of the asset. At the date of commencement of the lease, the Group recognizes a right-of-use asset (“ROU”) and a corresponding lease liability for all lease arrangements in which it is a lessee, except for leases with a term of twelve months or less (short-term leases) and low value leases. For these short-term and low value leases, the Group recognizes the lease payments as an operating expense on a straight-line basis over the term of the lease. As a lessee, the Group determines the lease term as the non-cancellable period of a lease adjusted with any option to extend or terminate the lease, if the use of such option is reasonably certain.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 191, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c3182e2938abfd69"}, {"chunk_id": "47ffd5f0a7563ae5", "content": "As a lessee, the Group determines the lease term as the non-cancellable period of a lease adjusted with any option to extend or terminate the lease, if the use of such option is reasonably certain. The Group makes an assessment on the expected lease term on a lease-by-lease basis and thereby assesses whether it is reasonably certain that any options to extend or terminate the contract will be exercised. In evaluating the lease term, the Group considers factors such as any significant leasehold improvements undertaken over the lease term, costs relating to the termination of the lease and the importance of the underlying asset to Group’s operations taking into account the location of the underlying asset and the availability of suitable alternatives. The lease term in future periods is reassessed to ensure that the lease term reflects the current economic circumstances. Certain lease arrangements includes the options to extend or terminate the lease before the end of the lease term. ROU assets and lease liabilities includes these options when it is reasonably certain that they will be exercised. The right-of-use assets are initially recognized at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or prior to the commencement date of the lease plus any initial direct costs less any lease incentives.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 191, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c3182e2938abfd69"}, {"chunk_id": "254ea10d8dd49599", "content": "commencement date of the lease plus any initial direct costs less any lease incentives. They are subsequently measured at cost less accumulated depreciation and impairment losses. Right-of-use assets are depreciated from the commencement date on a straight-line basis over the shorter of the lease term and useful life of the underlying asset.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 191, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c3182e2938abfd69"}, {"chunk_id": "891937905398b125", "content": "Right-of-use assets are evaluated for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value less cost to sell and the value-in-use) is determined on an individual asset basis unless the asset does not generate cash flows that are largely independent of those from other assets. In such cases, the recoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs. The lease liability is initially measured at amortized cost at the present value of the future lease payments. The lease payments are discounted using the interest rate implicit in the lease or, if not readily determinable, using the incremental borrowing rates in the country of domicile of these leases. Lease liabilities are remeasured with a corresponding adjustment to the related right-of-use asset if the Group changes its assessment if whether it will exercise an extension or a termination option. Lease liability and ROU asset have been separately presented in the Balance Sheet and lease payments have been classified as financing cash flows. The Group as a lessor Leases for which the Group is a lessor is classified as a finance or operating lease. Whenever the terms of the lease transfer substantially all the risks and rewards of", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 192, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a9e58caf0494d04c"}, {"chunk_id": "f4164676ed48a4a3", "content": "The Group as a lessor Leases for which the Group is a lessor is classified as a finance or operating lease. Whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee, the contract is classified as a finance lease. All other leases are classified as operating leases. When the Group is an intermediate lessor, it accounts for its interests in the head lease and the sublease separately. The sublease is classified as a finance or operating lease by reference to the right-of-use asset arising from the head lease. For operating leases, rental income is recognized on a straight line basis over the term of the relevant lease. (In ₹ crore) Following are the changes in the carrying value of right-of-use assets for the three months ended September 30, 2025: Category of ROU asset Land Buildings Vehicles Computers Total Balance as at July 1, 2025 599                   3,366                        24                          2,352                  6,341 Additions* —                      118                          2                             490                     610 Deletions —                        —                        —                            (175)                    (175) Depreciation (2)                    (187)                        (3)                            (303)                    (495) Translation difference", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 192, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a9e58caf0494d04c"}, {"chunk_id": "2c1802e58321a1a4", "content": "Depreciation (2)                    (187)                        (3)                            (303)                    (495) Translation difference 3                        32                          1                               73                     109 Balance as at September 30, 2025 600                   3,329                        24                          2,437                  6,390 * Net of adjustments on account of modifications. Following are the changes in the carrying value of right-of-use assets for the three months ended September 30, 2024: Category of ROU asset Balance as of July 1, 2024 603                   3,387                        17                          2,505                  6,512 Land Buildings Vehicles Computers Total Additions* —                      112                          3                             390                     505 Addition due to Business Combination (Refer Note 2.1) —                      155                          5                               —                     160 Deletions —                      (35)                        (6)                            (166)                    (207) Depreciation (1)                    (167)                        (4)                            (225)                    (397) Translation difference 2                        29                          8                               80                     119", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 192, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a9e58caf0494d04c"}, {"chunk_id": "3fd4e36b1133a6b7", "content": "Translation difference 2                        29                          8                               80                     119 Balance as of September 30, 2024 604                   3,481                        23                          2,584                  6,692 * Net of adjustments on account of modifications Following are the changes in the carrying value of right-of-use assets for the six months ended September 30, 2025: (In ₹ crore) Category of ROU asset Land Buildings Vehicles Computers Total Balance as of April 1, 2025 600                   3,348                        24                          2,339                  6,311 Additions* —                      293                          3                             857                  1,153 Deletions —                      (19)                        —                            (369)                    (388) Depreciation (3)                    (374)                        (6)                            (576)                    (959) Translation difference 3                        81                          3                             186                     273 Balance as of September 30, 2025 600                   3,329                        24                          2,437                  6,390 * Net of adjustments on account of modifications. Following are the changes in the carrying value of right-of-use assets for the six months ended September 30, 2024:", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 192, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a9e58caf0494d04c"}, {"chunk_id": "d5dd5b67300cffc0", "content": "* Net of adjustments on account of modifications. Following are the changes in the carrying value of right-of-use assets for the six months ended September 30, 2024: (In ₹ crore) Category of ROU asset Land Buildings Vehicles Computers Total Balance as of April 1, 2024 605                   3,298                        17                          2,632                  6,552 Additions* —                      385                          6                             674                  1,065 Addition due to Business Combination (Refer to Note 2.1) —                      155                          5                               —                     160 Deletions —                      (35)                        (6)                            (315)                    (356) Depreciation (3)                    (348)                        (6)                            (473)                    (830) Translation difference 2                        26                          7                               66                     101 Balance as of September 30, 2024 604                   3,481                        23                          2,584                  6,692 * Net of adjustments on account of modifications", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 192, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a9e58caf0494d04c"}, {"chunk_id": "ba01aa44d0b451e9", "content": "The aggregate depreciation expense on ROU assets is included under depreciation and amortization expense in the interim condensed Consolidated Statement of Profit and Loss. The following is the break-up of current and non-current lease liabilities as at September 30, 2025 and March 31, 2025: September 30, 2025 March 31, 2025 Current lease liabilities 2,772                  2,455 Non-current lease liabilities 5,983                  5,772 Total 8,755                  8,227 Basic earnings per equity share is computed by dividing the net profit attributable to the equity holders of the Group by the weighted average number of equity shares outstanding during the period. Diluted earnings per equity share is computed by dividing the net profit attributable to the equity holders of the Group by the weighted average number of equity shares considered for deriving basic earnings per equity share and also the weighted average number of equity shares that could have been issued upon conversion of all dilutive potential equity shares. The dilutive potential equity shares are adjusted for the proceeds receivable had the equity shares been actually issued at fair value (i.e. the average market value of the outstanding equity shares). Dilutive potential equity shares are deemed converted as at the beginning of the period, unless issued at a later date. Dilutive potential equity shares are determined", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 194, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d093e9f04fafa9bb"}, {"chunk_id": "ee989a68534f8ee4", "content": "Dilutive potential equity shares are deemed converted as at the beginning of the period, unless issued at a later date. Dilutive potential equity shares are determined independently for each period presented. The number of equity shares and potentially dilutive equity shares are adjusted retrospectively for all periods presented for any share splits and bonus shares issues including for changes effected prior to the approval of the financial statements by the Board of Directors. 2.21 CONTINGENT LIABILITIES AND COMMITMENTS Contingent liability is a possible obligation arising from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity or a present obligation that arises from past events but is not recognized because it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation or the amount of the obligation cannot be measured with sufficient reliability. 2.21.1 Contingent liability September 30, 2025 March 31, 2025 Contingent liabilities : Claims against the Group, not acknowledged as debts(1) 2,994                       2,953 [Amount paid to statutory authorities ₹1,230 crore (₹4,207 crore) ] (1) As at September 30, 2025 and March 31, 2025, claims against the Group not acknowledged as debts in respect of income tax matters amounted to", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 194, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d093e9f04fafa9bb"}, {"chunk_id": "1befc92f60e14706", "content": "(1) As at September 30, 2025 and March 31, 2025, claims against the Group not acknowledged as debts in respect of income tax matters amounted to ₹2,003 crore and ₹1,933 crore, respectively. The claims against the Group primarily represent demands arising on completion of assessment proceedings under the Income Tax Act, 1961. These claims are on account of issues of disallowance of expenditure towards software being held as capital in nature, payments made to Associated Enterprises held as liable for withholding of taxes, among others. These matters are pending before various Income Tax Authorities and the Management including its tax advisors expect that its position will likely be upheld on ultimate resolution and will not have a material adverse effect on the Group's financial position and results of operations. Amount paid to statutory authorities against the tax claims amounted to ₹1,213 crore and ₹4,199 crore as at September 30, 2025 and March 31, 2025, respectively. 2.21.2 Legal Proceedings McCamish Cybersecurity incident In November 2023, certain systems of Infosys McCamish Systems LLC (“McCamish”), a subsidiary of Infosys BPM Limited (a wholly owned subsidiary of Infosys Limited), were encrypted by ransomware, resulting in the non-availability of certain applications and systems. McCamish initiated its incident", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 194, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d093e9f04fafa9bb"}, {"chunk_id": "fd43559b52fbad27", "content": "of Infosys Limited), were encrypted by ransomware, resulting in the non-availability of certain applications and systems. McCamish initiated its incident response and engaged cybersecurity and other specialists to assist in its investigation of and response to the incident and remediation and restoration of impacted applications and systems. By December 31, 2023, McCamish, with external specialists’ assistance, substantially remediated and restored the affected applications and systems. Actions taken by McCamish included investigative analysis conducted by a third-party cybersecurity firm to determine, among other things, whether and the extent to which company or customer data was subject to unauthorized access or exfiltration. McCamish also engaged a third-party eDiscovery vendor in assessing the extent and nature of such data. McCamish in coordination with its third-party eDiscovery vendor has identified corporate customers and individuals whose information was subject to unauthorized access and exfiltration. McCamish processes personal data on behalf of its corporate customers. From March 6, 2024 through July 25, 2024, six actions were filed in the U.S. District Court for the Northern District of Georgia against McCamish. The actions arise out of the cybersecurity incident at McCamish initially disclosed on November 3, 2023. All six actions have since been consolidated, and the", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 194, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d093e9f04fafa9bb"}, {"chunk_id": "2347aa7f5165edee", "content": "The actions arise out of the cybersecurity incident at McCamish initially disclosed on November 3, 2023. All six actions have since been consolidated, and the consolidated class action complaint was filed on November 7, 2024, purportedly on behalf of all persons residing in the United States whose personally identifiable information was compromised in the incident, including all who were sent a notice of the incident. On December 20, 2024, the Court granted the parties’ joint motion to stay proceedings pending the parties’ efforts to resolve the lawsuit through mediation. On March 13, 2025, McCamish and the plaintiffs engaged in mediation, resulting in an in-principle agreement that sets forth the terms of a proposed settlement of the class action lawsuits against McCamish, as well as seven class action lawsuits arising out of the incident that have been filed against McCamish’s customers. On May 9, 2025, McCamish and the plaintiffs entered into a definitive settlement agreement, and the plaintiffs moved for preliminary approval of the settlement. Under the settlement terms, McCamish has agreed to pay $17.5 million (approximately ₹150 crore) into a fund to settle these matters. On July 16, 2025, the Court granted preliminary approval of the settlement. The settlement remains subject to final court approval. If approved, the settlement will resolve all", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 194, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d093e9f04fafa9bb"}, {"chunk_id": "9ff0feceee1a2fbb", "content": "On July 16, 2025, the Court granted preliminary approval of the settlement. The settlement remains subject to final court approval. If approved, the settlement will resolve all allegations made in the class action lawsuits without admission of any liability. During the three months ended March 31, 2025, McCamish had recorded an accrual of $17.5 million (approximately ₹150 crore) related to the settlement and had recognized an insurance reimbursement receivable of $17 million (approximately ₹145 crore) which has been offset against the settlement expense of $17.5 million (approximately ₹150 crore) in the Statement of Comprehensive Income. McCamish may incur additional costs including from indemnities or damages/claims, which are indeterminable at this time. Government Investigation", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 194, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d093e9f04fafa9bb"}, {"chunk_id": "5d2f0d06080a9665", "content": "The U.S. Department of Justice (“DOJ”) is conducting an investigation regarding how the Company classified certain H-1B visa-recipient employees working for one of its clients in immigration documents filed with certain U.S. government authorities. The Company is engaged in discussions with the DOJ regarding its ongoing investigation and has commenced its own inquiry regarding the matter. At this stage, the Company is unable to predict the outcome of this matter, including whether such outcome could have a material adverse effect on the Company’s business and results of operations. Apart from the foregoing, the Group is subject to legal proceedings and claims which have arisen in the ordinary course of business. The Group’s management reasonably expects that such ordinary course legal actions, when ultimately concluded and determined, may not have a material and adverse effect on the Group’s results of operations or financial condition. Estimated amount of contracts remaining to be executed on capital contracts and not provided for (net of advances and deposits)(1) September 30, 2025 March 31, 2025 1,118                          935 Other commitments* 107                          122 * Uncalled capital pertaining to investments (1) Capital contracts primarily comprises of commitments for infrastructure facilities and computer equipment. 2.22  RELATED PARTY TRANSACTIONS", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 196, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e06570046334cbf1"}, {"chunk_id": "283e6a53e500e9e1", "content": "* Uncalled capital pertaining to investments (1) Capital contracts primarily comprises of commitments for infrastructure facilities and computer equipment. 2.22  RELATED PARTY TRANSACTIONS Refer Note 2.20 \"Related party transactions\" in the Company’s 2025 Annual Report for the full names and other details of the Company's subsidiaries and controlled trusts. Changes in Subsidiaries During the six months ended September 30, 2025, the following are the changes in the subsidiaries: Infosys Energy Consulting Services LLC , a wholly-owned subsidiary of Infosys Nova Holdings LLC was incorporated on April 16, 2025. Infosys Saudi Arabia LLC, a wholly-owned subsidiary of Infosys Limited was incorporated on April 21, 2025. Infosys Australia Technology Service Pty Ltd, a wholly-owned subsidiary of Infosys Singapore Pte. Limited was incorporated on April 23, 2025. On April 30, 2025, Infosys Nova Holdings LLC , a wholly owned subsidiary of Infosys Limited, acquired 98.21% of voting interests in MRE Consulting Ltd along with its subsidiary MRE Technology Services, LLC. The remaining 1.79% was acquired by Infosys Energy Consulting Services LLC , a Wholly-owned subsidiary of Infosys Nova Holdings LLC. On April 30, 2025, Infosys Australia Technology Service Pty Ltd, a wholly owned subsidiary of Infosys Singapore Pte. Limited, acquired 100% of voting interests in The Missing", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 196, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e06570046334cbf1"}, {"chunk_id": "fc797e79a9ef667f", "content": "On April 30, 2025, Infosys Australia Technology Service Pty Ltd, a wholly owned subsidiary of Infosys Singapore Pte. Limited, acquired 100% of voting interests in The Missing Link Automation Pty Ltd, The Missing Link Network Integration Pty Ltd and The Missing Link Security Pty Ltd along with its subsidiary The Missing Link Security Ltd. in-tech Automotive Engineering de. R L de. C V, a wholly-owned subsidiary of in-tech GmbH has been liquidated effective May 07, 2025. On May 13, 2025,  Infosys Singapore Pte Ltd diluted 2% stake of HIPUS Co., Ltd to Mitsubishi Heavy Industries, Ltd. Infosys BPM Canada Inc, a Wholly-owned subsidiary of Infosys BPM UK Limited was incorporated on July 28, 2025 Infosys Germany Gmbh, a Wholly-owned subsidiary of Infosys Singapore Pte Ltd merged into Infosys Germany SE (formerly known as Blitz 24-893 SE) effective September 24, 2025 Transaction with key management personnel: The table below describes the compensation to key management personnel which comprise directors and executive officers: (In ₹ crore) Particulars Three months ended September 30, Six months ended September 30, 5                           5                           9                                    9 Total 35                         33                         69                                  65 Salaries and other short term employee benefits to whole-time directors and executive officers (1)(2)", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 196, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e06570046334cbf1"}, {"chunk_id": "7870594f1a72af90", "content": "Total 35                         33                         69                                  65 Salaries and other short term employee benefits to whole-time directors and executive officers (1)(2) Commission and other benefits to non-executive/independent directors 30                         28                         60                                  56 (1) Total employee stock compensation expense for the three months ended September 30, 2025 and September 30, 2024 includes a charge of ₹18 crore and ₹17 crore, respectively, towards key management personnel. For the six months ended September 30, 2025 and September 30, 2024 includes a charge of ₹35 crore and ₹35 crore, respectively, towards key management personnel. (Refer to Note 2.11) (2) Does not include post-employment benefits and other long-term benefits based on actuarial valuation as these are done for the Company as a whole. 2.23 SEGMENT REPORTING Ind AS 108, Operating segments, establishes standards for the way that public business enterprises report information about operating segments and related disclosures about products and services, geographic areas, and major customers. The Group's operations predominantly relate to providing end-to-end business solutions to enable clients to enhance business performance.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 196, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e06570046334cbf1"}, {"chunk_id": "9c1e5fc880d89fca", "content": "products and services, geographic areas, and major customers. The Group's operations predominantly relate to providing end-to-end business solutions to enable clients to enhance business performance. The Chief Operating Decision Maker (CODM) evaluates the Group's performance and allocates resources based on an analysis of various performance indicators by business segments. Accordingly, information has been presented along business segments. The accounting principles used in the preparation of the financial statements are consistently applied to record revenue and expenditure in individual segments, and are as set out in the accounting policies. Business segments of the Group are primarily enterprises in Financial Services and Insurance, enterprises in Manufacturing, enterprises in Retail, Consumer Packaged Goods and Logistics, enterprises in the Energy, Utilities, Resources and Services, enterprises in Communication, Telecom OEM and Media, enterprises in Hi-Tech, enterprises in Life Sciences and Healthcare and all other segments. The Financial services reportable segments has been aggregated to include the Financial Services operating segment and Finacle operating segment because of the similarity of the economic characteristics. All other segments represent the operating segments of businesses in India, Japan, China, Infosys Public Services & other enterprises in Public Services.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 196, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e06570046334cbf1"}, {"chunk_id": "c440dc8537702186", "content": "All other segments represent the operating segments of businesses in India, Japan, China, Infosys Public Services & other enterprises in Public Services. Revenue and identifiable operating expenses in relation to segments are categorized based on items that are individually identifiable to that segment. Revenue for 'all other segments' represents revenue generated by Infosys Public services and revenue generated from customers located in India, Japan and China and other enterprises in Public services. Allocated expenses of segments include expenses incurred for rendering services from the Group's offshore software development centers and on-site expenses, which are categorized in relation to the associated efforts of the segment. Certain expenses such as depreciation and amortization, which form a significant component of total expenses, are not specifically allocable to specific segments as the underlying assets are used interchangeably. The Management believes that it is not practical to provide segment disclosures relating to those costs and expenses, and accordingly these expenses are separately disclosed as \"unallocated\" and adjusted against the total income of the Group.", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 196, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e06570046334cbf1"}, {"chunk_id": "e7da447e1e7cbc97", "content": "Assets and liabilities used in the Group's business are not identified to any of the reportable segments, as these are used interchangeably between segments. The Management believes that it is currently not practicable to provide segment disclosures relating to total assets and liabilities since a meaningful segregation of the available data is onerous. Business segment revenue information is collated based on individual customers invoiced or in relation to which the revenue is otherwise recognized. Disclosure of revenue by geographic locations is given in note 2.16 Revenue from operations. Three months ended September 30, 2025 and September 30, 2024: Financial Services (1) Manufacturing Energy, Utilities, Resources and Services Retail (2) Communication (3) Hi-Tech Life Sciences (4) All other segments (5) Revenue from operations 12,320                   7,347             5,945            5,639                      5,397          3,703          2,863          1,276              44,490 11,156                  6,424            5,546           5,446                     4,879          3,266          3,004          1,265             40,986 Identifiable operating expenses 7,017                   4,439             3,341            2,815                      3,402          2,342          1,802             802              25,960", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 198, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b8cea71a9e7166b8"}, {"chunk_id": "2a1e24d58661a8bb", "content": "Identifiable operating expenses 7,017                   4,439             3,341            2,815                      3,402          2,342          1,802             802              25,960 6,258                  4,074            3,166           2,696                     3,165          1,889          1,865             840              23,953 Allocated expenses 2,244                   1,156             1,098            1,104                         978             598             527             290                7,995 2,038                  1,053               945              982                        822             583             525             276               7,224 Segment operating income 3,059                   1,752             1,506            1,720                      1,017             763             534             184              10,535 2,860                  1,297            1,435           1,768                        892             794             614             149               9,809 Unallocable expenses 1,182 1,160 Other income, net 982 712 Finance cost 106 108 Profit before tax 10,229 9,253 Income tax expense 2,854 2,737 Net Profit 7,375 6,516 Depreciation and amortization 1,182 1,160 Non-cash expenses other than depreciation and amortization — — Six months ended September 30, 2025 and September 30, 2024: Financial Services (1) Manufacturing Energy, Utilities, Resources and Services Retail (2) Communication (3) Hi-Tech Life", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 198, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b8cea71a9e7166b8"}, {"chunk_id": "1588f0fc82d3382d", "content": "— — Six months ended September 30, 2025 and September 30, 2024: Financial Services (1) Manufacturing Energy, Utilities, Resources and Services Retail (2) Communication (3) Hi-Tech Life Sciences (4) All other segments (5) Revenue from operations 24,116                 14,151           11,687          11,290                    10,494          6,999          5,607          2,425              86,769 21,971                12,201           10,767         10,873                     9,622          6,414          5,871          2,581             80,300 Identifiable operating expenses 13,679                   8,713             6,622            5,729                      6,734          4,304          3,512          1,465              50,758 12,346                  7,857            5,882           5,392                     6,278          3,673          3,622          1,591             46,641 Allocated expenses 4,405                   2,269             2,122            2,150                      1,863          1,163          1,008             551              15,531 4,153                  2,041            1,893           1,962                     1,656          1,133          1,023             551             14,412 Segment operating income 6,032                   3,169             2,943            3,411                      1,897          1,532          1,087             409              20,480", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 198, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b8cea71a9e7166b8"}, {"chunk_id": "19894ca888de7746", "content": "Segment operating income 6,032                   3,169             2,943            3,411                      1,897          1,532          1,087             409              20,480 5,472                  2,303            2,992           3,519                     1,688          1,608          1,226             439             19,247 Unallocable expenses 2,323 2,310 Other income, net 2,024 1,551 Finance cost 211 214 Profit before tax 19,970 18,274 Income tax expense 5,670 5,384 Net Profit 14,300 12,890 Depreciation and amortization expense 2,323 2,310 Non-cash expenses other than depreciation and amortization — — (1) Financial Services include enterprises in Financial Services and Insurance (2)  Retail includes enterprises in Retail, Consumer Packaged Goods and Logistics (3) Communication includes enterprises in Communication, Telecom OEM and Media (4)  Life Sciences includes enterprises in Life sciences and Health care (5)  Others include operating segments of businesses in India, Japan, China, Infosys Public Services & other enterprises in Public Services No client individually accounted for more than 10% of the revenues for the three months and six months ended September 30, 2025 and September 30, 2024, respectively. 2.24  FUNCTION WISE CLASSIFICATION OF CONDENSED CONSOLIDATED STATEMENT OF PROFIT AND LOSS Six months ended September 30, Three months ended September 30, Revenue from operations 2.16", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 198, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b8cea71a9e7166b8"}, {"chunk_id": "300336be05c2929d", "content": "2.24  FUNCTION WISE CLASSIFICATION OF CONDENSED CONSOLIDATED STATEMENT OF PROFIT AND LOSS Six months ended September 30, Three months ended September 30, Revenue from operations 2.16 44,490                           40,986                       86,769                       80,300 Cost of Sales* 30,800                           28,474                       60,025                       55,651 Gross profit 13,690                           12,512                       26,744                       24,649 Selling and marketing expenses 2,224                             1,855                         4,431                         3,792 Total operating expenses 4,337                             3,863                         8,587                         7,712 General and administration expenses 2,113                             2,008                         4,156                         3,920 Operating profit 9,353                             8,649                       18,157                       16,937 Other income, net 2.17 982                                712                         2,024                         1,551 Finance cost 106                                108                            211                            214 Profit before tax 10,229                             9,253                       19,970                       18,274 Current tax 2.15", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 198, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b8cea71a9e7166b8"}, {"chunk_id": "9db69b94868af759", "content": "Profit before tax 10,229                             9,253                       19,970                       18,274 Current tax 2.15 3,178                             3,146                         6,232                         6,144 Profit for the period 7,375                             6,516                       14,300                       12,890", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 198, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b8cea71a9e7166b8"}, {"chunk_id": "b0fd031da85fda6d", "content": "Deferred tax 2.15 (324)                              (409)                           (562)                          (760) Other comprehensive income Items that will not be reclassified subsequently to profit or loss Remeasurement of the net defined benefit liability/asset, net (38)                                  78                           (108)                              98 Equity instruments through other comprehensive income, net (8)                                  (9)                              27                               5 (46)                                  69                             (81)                            103 Items that will be reclassified subsequently to profit or loss Fair value changes on derivatives designated as cash flow hedge, net —                                (21)                                6                            (24) Exchange differences on translation of foreign operations, net 862                                560                         1,881                            456 Fair value changes on  investments, net (34)                                  86                              89                            126 828                                625                         1,976                            558 Total other comprehensive income / (loss), net of tax 782                                694                         1,895                            661", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 198, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "68da5b6cf7852e40"}, {"chunk_id": "22ff6a3162ac6b74", "content": "Total other comprehensive income / (loss), net of tax 782                                694                         1,895                            661 Total comprehensive income for the period 8,157                             7,210                       16,195                       13,551 Profit attributable to: Owners of the Company 7,364                             6,506                       14,285                       12,874 Non-controlling interests 11                                  10                              15                              16 7,375                             6,516                       14,300                       12,890 Total comprehensive income attributable to: Owners of the Company 8,140                             7,190                       16,165                       13,527 Non-controlling interests 17                                  20                              30                              24 8,157                             7,210                       16,195                       13,551 for and on behalf of the Board of Directors of Infosys Limited Nandan M. Nilekani Salil Parekh Bobby Parikh Chairman Chief Executive Officer Director DIN: 00041245 and Managing Director DIN: 00019437 Bengaluru Jayesh Sanghrajka A.G.S. Manikantha October 16, 2025 Chief Financial Officer Company Secretary Membership No. A21918", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 198, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "68da5b6cf7852e40"}, {"chunk_id": "78f409480c34919c", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Introduction > This has reference to our letter dated September 19, 2025, regarding the captioned subject. The Board, at \ntheir meeting held on October 15-16, 2025 transacted the following items of business: \n \nFinancial Results: | Page: 1\n\n| NEW Y | ORK STOCK | EXCH | ANGE |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|\n| Octobe | r 16, 2025 |  |  |  |  |  |  |  |\n| Dear Si | r/ Madam, |  |  |  |  |  |  |  |\n|  |  |  | Sub: O | utcome of the | Board meeting |  |  |  |\n| This ha | s reference to | our let | ter dated Sep | tember 19, 20 | 25, regarding the c | aptioned | subject. Th | e Board, at |\n| their m | eeting held on | Octob | er 15-16, 202 | 5 transacted t | he following items o | f busine | ss: |  |\n| Financi | al Results: |  |  |  |  |  |  |  |\n| 1. | Approved the | audite | d consolidate | d financial re | sults of the Compa | ny and | its subsidia | ries as per |\n|  | Indian Accou | nting St | andards (“IN | DAS”) for the q | uarter and half yea | r ended | September | 30, 2025; |\n| 2. | Approved the | audite | d standalone | financial resu | lts of the Company | as per | INDAS for | the quarter |\n|  | and half year | ended | September 3 | 0, 2025; |  |  |  |  |\n| 3. | Approved the | audite | d financial sta | tements of the | Company and its s | ubsidiar | ies as per I | NDAS and |\n|  | International | Financi | al Reporting S | tandard (“IFR | S”) for the quarter a | nd half | year ended | September |\n|  | 30, 2025; |  |  |  |  |  |  |  |\n| Dividen | d: |  |  |  |  |  |  |  |\n| 4. | Declared an i | nterim | dividend of ₹ | 23/- per equit | y share, fixed Octo | ber 27, | 2025 as a r | ecord date |\n|  | and Novembe | r 7, 20 | 25 as a payo | ut date. |  |  |  |  |\n| Stock g | rants: |  |  |  |  |  |  |  |\n| 5. | Based on the | recom | mendations o | f the Nominati | on and Remunerati | on Com | mittee, appr | oved: |\n|  | • Grant of | 109,8 | 93 Restricte | d Stock Uni | ts (“RSUs”) unde | r the 2 | 015 Stock | Incentive |\n|  | Compens | ation Pl | an (“2015 Pla | n”) to eligible | employees. |  |  |  |\n|  | • Grant of | Perfor | mance Based | Stock incen | tives (“PSUs”) to | eligible | employees | under the |\n|  | Expanded | Stock | Ownership | Program 201 | 9 (“2019 Plan”) co | vering t | he Compa | ny’s Equity |\n|  | Shares ha | ving a | market value | of ₹44.20 lakh | as on the date of t | he grant | . The numb | er of PSUs |\n|  | will be cal | culated | based on the | market price | at the close of tradi | ng on N | ovember 1, | 2025. |\n|  | The grants m | ade un | der the 2015 | Plan would ve | st equally over a p | eriod of t | hree to four | years and |\n|  | the grants m | ade un | der the 2019 | Plan would | vest over a period | of thre | e years sub | ject to the |\n|  | Company’s a | chieve | ment of perfor | mance param | eters as defined in | the 201 | 9 Plan. The | RSUs and |\n|  | PSUs will be | granted | w.e.f., Nove | mber 1, 2025 a | nd the exercise pric | e will be | equal to th | e par value |\n|  | of the share. |  |  |  |  |  |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 1, "section": "Introduction", "subsection": "This has reference to our letter dated September 19, 2025, regarding the captioned subject. The Board, at \ntheir meeting held on October 15-16, 2025 transacted the following items of business: \n \nFinancial Results:", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "a1ebe3776704218d", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Introduction > Manikantha A.G.S. \nCompany Secretary \nMembership No: A21918 | Page: 2\n\n| Incorporation o | f a subsidiar | y: |  |  |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|---|---|\n| 6. Approve | d incorpora | tion of | a step | down | wholly o | wned | subsidiary | in Egypt as a | wh | olly owned |\n| subsidia | ry of Infosy | s Singap | ore Pt | e Ltd. |  |  |  |  |  |  |\n| Addition | al informatio | n as re | quired | under | Regulation | 30 of | SEBI (Listi | ng Obligations | and | Disclosure |\n| Require | ments) Reg | ulation, | 2015, | will be | disclosed i | n due | course. |  |  |  |\n| Transfer of sha | reholding in | a subsi | diary: |  |  |  |  |  |  |  |\n| 7. As part | of internal r | eorgani | zation, | appro | ved transf | er of 9 | 0% of the | shareholding | held | by Infosys |\n| Limited | in Infosys C | onsultin | g S.R. | L., Arg | entina, a | majorit | y owned su | bsidiary of Inf | osys | Limited to |\n| Infosys | Nova Holdin | gs LLC | a who | lly own | ed subsidi | ary of | Infosys Lim | ited. |  |  |\n| Addition | al informatio | n as re | quired | under | Regulation | 30 of | SEBI (Listi | ng Obligations | and | Disclosure |\n| Require | ments) Reg | ulation, | 2015, | will be | disclosed i | n due | course. |  |  |  |\n| The Board me | eting was h | eld on | Octobe | r 15 a | nd 16, 20 | 25. Th | e Board m | eeting on Oc | tobe | r 16, |\n| 2025 commenc | ed at 12:15 | PM IST | and c | onclud | ed at 3:55 | PM IS | T. |  |  |  |\n| We are hereby | enclosing h | erewith | the fina | ncial r | esults and | press | release for | your informati | on an | d records. |\n| The same will a | lso be mad | e availa | ble on | the Co | mpany’s w | ebsite | www.infos | ys.com. |  |  |\n| This is for your | information | and rec | ords. |  |  |  |  |  |  |  |\n| Yours Sincerel | y, |  |  |  |  |  |  |  |  |  |\n| For Infosys Li | mited |  |  |  |  |  |  |  |  |  |\n| Manikantha A. | G.S. |  |  |  |  |  |  |  |  |  |\n| Company Secr | etary |  |  |  |  |  |  |  |  |  |\n| Membership N | o: A21918 |  |  |  |  |  |  |  |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 2, "section": "Introduction", "subsection": "Manikantha A.G.S. \nCompany Secretary \nMembership No: A21918", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "00127c5061b85982", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Free  \nCash Flow > *LTM (Last twelve months) Revenues | Page: 3\n\n|  | Quarter ended |  |  | YoY Growth |  |\n|---|---|---|---|---|---|\n|  | Sep 30, 2025 | Jun 30, 2025 | Sep 30, 2024 | Reported | CC |\n| Financial services | 2 7.7 | 2 7.9 | 2 7.2 | 5 .6 | 5 .4 |\n| Manufacturing | 1 6.5 | 1 6.1 | 1 5.7 | 9 .3 | 6 .6 |\n| Energy, Utilities, Resources & Services | 1 3.4 | 1 3.6 | 1 3.5 | 2 .4 | 2 .1 |\n| Retail | 1 2.7 | 1 3.4 | 1 3.3 | ( 1.0) | ( 2.3) |\n| Communication | 1 2.1 | 1 2.0 | 1 1.9 | 5 .7 | 4 .7 |\n| Hi-Tech | 8 .3 | 7 .8 | 8 .0 | 8 .3 | 8 .6 |\n| Life Sciences | 6 .4 | 6 .5 | 7 .3 | ( 8.9) | ( 10.5) |\n| Others | 2 .9 | 2 .7 | 3 .1 | ( 3.6) | ( 2.4) |\n| Total | 1 00.0 | 1 00.0 | 1 00.0 | 3 .7 | 2 .9 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Free  \nCash Flow", "subsection": "*LTM (Last twelve months) Revenues", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "467480f5967a2a11", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Free  \nCash Flow > *LTM (Last twelve months) Revenues | Page: 3\n\n|  | Quarter ended |  |  |\n|---|---|---|---|\n|  | Sep 30, 2025 | Jun 30, 2025 | Sep 30, 2024 |\n| Number of Clients |  |  |  |\n| Active | 1,896 | 1,861 | 1,870 |\n| Added during the period (gross) | 1 18 | 93 | 86 |\n| Number of Million dollar clients* |  |  |  |\n| 1 Million dollar + | 1,012 | 1,011 | 9 85 |\n| 10 Million dollar + | 3 22 | 3 17 | 3 07 |\n| 50 Million dollar + | 85 | 85 | 86 |\n| 100 Million dollar + | 41 | 41 | 41 |\n| Client contribution to revenues |  |  |  |\n| Top 5 clients | 13.0% | 13.2% | 13.7% |\n| Top 10 clients | 20.7% | 20.8% | 20.9% |\n| Top 25 clients | 35.2% | 35.2% | 34.7% |\n| Days Sales Outstanding* | 71 | 70 | 73 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Free  \nCash Flow", "subsection": "*LTM (Last twelve months) Revenues", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "24632f1094ba9d5f", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026 > (1) Free cash flow is defined as net cash provided by operating activities less capital expenditure as per the consolidated statement of cash flows prepared under IFRS \n(Non-IFRS measure) \n(2) Consolidated cash and investments comprise of cash and cash equivalents, current and non-current investments excluding investments in equity and preference \nshares, unquoted compulsorily convertible debentures and others (Non-IFRS measure) | Page: 4\n\n|  | Quarter ended |  |  |\n|---|---|---|---|\n|  | Sep 30, 2025 | Jun 30, 2025 | Sep 30, 2024 |\n| Free cash flow (1) | 1,101 | 8 84 | 8 39 |\n| Consolidated cash and investments (2) | 6,173 | 5,271 | 4,626 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Free cash flow is defined as net cash provided by operating activities less capital expenditure as per the consolidated statement of cash flows prepared under IFRS \n(Non-IFRS measure) \n(2) Consolidated cash and investments comprise of cash and cash equivalents, current and non-current investments excluding investments in equity and preference \nshares, unquoted compulsorily convertible debentures and others (Non-IFRS measure)", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "a1631c797760edf6", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026 > (1) Free cash flow is defined as net cash provided by operating activities less capital expenditure as per the consolidated statement of cash flows prepared under IFRS \n(Non-IFRS measure) \n(2) Consolidated cash and investments comprise of cash and cash equivalents, current and non-current investments excluding investments in equity and preference \nshares, unquoted compulsorily convertible debentures and others (Non-IFRS measure) | Page: 4\n\n|  | Quarter ended |  |  |\n|---|---|---|---|\n|  | Sep 30, 2025 | Jun 30, 2025 | Sep 30, 2024 |\n| Free cash flow (1) | 9,677 | 7,533 | 7,010 |\n| Consolidated cash and investments (2) | 54,809 | 45,204 | 38,767 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Free cash flow is defined as net cash provided by operating activities less capital expenditure as per the consolidated statement of cash flows prepared under IFRS \n(Non-IFRS measure) \n(2) Consolidated cash and investments comprise of cash and cash equivalents, current and non-current investments excluding investments in equity and preference \nshares, unquoted compulsorily convertible debentures and others (Non-IFRS measure)", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "a5e63911e822b1db", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026 > (1) Other income is net of Finance Cost \n(2) USD/INR exchange rate of 88.79 considered for Q2’26 \n(3) Dividend Growth (%) calculated in INR terms | Page: 5\n\n|  | Sep 30, 2025 | Sep 30, 2024 | Growth % YoY | Jun 30, 2025 |  |\n|---|---|---|---|---|---|\n| Revenues | 5 ,076 | 4 ,894 | 3.7% | 4 ,941 | 2.7% |\n| Cost of sales | 3,516 | 3,400 | 3.4% | 3,416 | 2.9% |\n| Gross Profit | 1 ,560 | 1 ,494 | 4.4% | 1 ,525 | 2.3% |\n| Operating Expenses: |  |  |  |  |  |\n| Selling and marketing expenses | 2 54 | 2 21 | 14.9% | 2 58 | -1.6% |\n| Administrative expenses | 2 41 | 2 40 | 0.4% | 2 39 | 0.8% |\n| Total Operating Expenses | 495 | 461 | 7.4% | 497 | -0.4% |\n| Operating Profit | 1 ,065 | 1 ,033 | 3.1% | 1 ,028 | 3.6% |\n| Operating Margin % | 21.0 | 21.1 | -0.1% | 20.8 | 0.2% |\n| Other Income, net(1) | 1 00 | 72 | 38.9% | 1 10 | -9.1% |\n| Profit before income taxes | 1 ,165 | 1 ,105 | 5.4% | 1 ,138 | 2.4% |\n| Income tax expense | 3 25 | 3 27 | -0.6% | 3 29 | -1.2% |\n| Net Profit (before non-controlling interests) | 840 | 778 | 8.0% | 809 | 3.8% |\n| Net Profit (after non-controlling interests) | 839 | 777 | 8.0% | 809 | 3.7% |\n| Basic EPS ($) | 0.20 | 0.19 | 7.9% | 0.20 | 3.7% |\n| Diluted EPS ($) | 0.20 | 0.19 | 7.9% | 0.19 | 3.7% |\n| Dividend Per Share ($)(2)(3) | 0.26 | 0.25 | 9.5% | - | - |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n(2) USD/INR exchange rate of 88.79 considered for Q2’26 \n(3) Dividend Growth (%) calculated in INR terms", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "bcc279cd0352da26", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026 > (1) Other income is net of Finance Cost \n(2) USD/INR exchange rate of 88.79 considered for Q2’26 \n(3) Dividend Growth (%) calculated in INR terms | Page: 5\n\n|  | Sep 30, 2025 | Sep 30, 2024 |  |\n|---|---|---|---|\n| Revenues | 10,018 | 9 ,608 | 4.3% |\n| Cost of sales | 6,933 | 6,659 | 4.1% |\n| Gross Profit | 3 ,085 | 2 ,949 | 4.6% |\n| Operating Expenses: |  |  |  |\n| Selling and marketing expenses | 5 12 | 4 54 | 12.8% |\n| Administrative expenses | 4 80 | 4 69 | 2.3% |\n| Total Operating Expenses | 992 | 923 | 7.5% |\n| Operating Profit | 2 ,093 | 2 ,026 | 3.3% |\n| Operating Margin % | 20.9 | 21.1 | -0.2% |\n| Other Income, net(1) | 2 10 | 1 60 | 31.3% |\n| Profit before income taxes | 2 ,303 | 2 ,186 | 5.4% |\n| Income tax expense | 6 54 | 6 44 | 1.6% |\n| Net Profit (before non-controlling interests) | 1 ,649 | 1 ,542 | 6.9% |\n| Net Profit (after non-controlling interests) | 1 ,647 | 1 ,540 | 6.9% |\n| Basic EPS ($) | 0.40 | 0.37 | 6.9% |\n| Diluted EPS ($) | 0.40 | 0.37 | 6.9% |\n| Dividend Per Share ($)(2)(3) | 0 .26 | 0.25 | 9.5% |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n(2) USD/INR exchange rate of 88.79 considered for Q2’26 \n(3) Dividend Growth (%) calculated in INR terms", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "6b498dc7244f3548", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026 > (1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement. | Page: 6\n\n|  | Sep 30, 2025 | Sep 30, 2024 |  |\n|---|---|---|---|\n| Revenues | 86,769 | 80,300 | 8.1% |\n| Cost of sales | 60,025 | 55,651 | 7.9% |\n| Gross Profit | 26,744 | 24,649 | 8.5% |\n| Operating Expenses: |  |  |  |\n| Selling and marketing expenses | 4,431 | 3,792 | 16.9% |\n| Administrative expenses | 4,156 | 3,920 | 6.0% |\n| Total Operating Expenses | 8 ,587 | 7 ,712 | 11.3% |\n| Operating Profit | 18,157 | 16,937 | 7.2% |\n| Operating Margin % | 20.9 | 21.1 | -0.2% |\n| Other Income, net(1) | 1,813 | 1,337 | 35.6% |\n| Profit before income taxes | 19,970 | 18,274 | 9.3% |\n| Income tax expense | 5,670 | 5,384 | 5.3% |\n| Net Profit (before non-controlling interests) | 14,300 | 12,890 | 10.9% |\n| Net Profit (after non-controlling interests) | 14,285 | 12,874 | 11.0% |\n| Basic EPS (₹) | 3 4.47 | 3 1.09 | 10.9% |\n| Diluted EPS (₹) | 3 4.41 | 3 1.02 | 10.9% |\n| Dividend Per Share (₹) | 2 3.00 | 2 1.00 | 9.5% |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "Fact Sheet \nConsolidated Financial Data - Second Quarter, Fiscal 2026", "subsection": "(1) Other income is net of Finance Cost \n \n \nAs the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures \nreported for the previous quarter might not always add up to the six month ended figures reported in this statement.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "cdf0b30b9edb4d49", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: 2.9% YoY > We had robust all-round performance in Q2 - strong growth, resilient margins, very high cash generation \nand 13.1% EPS growth year on year in rupee terms. We continue to make strategic investments to \nfutureproof the business with a tight focus on execution, amidst high uncertainty”, said Jayesh \nSanghrajka, CFO. “In line with our Capital Allocation Policy, we have announced a share buyback for \n₹18,000 crores during the quarter and an interim dividend of ₹23 per share, an increase of 9.5% over last \nfiscal”, he added. | Page: 26\n\n|  |  |  |  |  |  |  | IFRSIF | –R SIN –R I | NR |\n|---|---|---|---|---|---|---|---|---|---|\n| 1\\ |  |  |  |  |  |  | PresPsr eRs | se lReealse | ea se e |\n| Quarter venue growth o | ly reve f 2.2% | nue crosses sequentially | $5 bn mark; in Q2 and 3.3 | Second co % in H1 in | nsecutive quar CC; Large de | ter of stron al TCV at $ | g performanc 3.1 Bn and FC | e F at $1.1 B | n |\n| FY2 | 6 reven | ue guidance | revised to 2% | -3% and | margin guidanc | e retained | at 20%-22% |  |  |\n| Bengaluru, In | dia – | October 16, | 2025: Infos | ys (NSE, | BSE, NYSE: | INFY), a | global leader | in next- |  |\n| generation digi | tal serv | ices and con | sulting, deliv | ered $5,0 | 76 million in Q | 2 revenue | s, year on yea | r growth |  |\n| of 2.9% and se | quentia | l growth of 2 | .2% in const | ant curren | cy. Operating | margin wa | s at 21.0%. F | ree cash |  |\n| flow generatio | n was s | trong at $1.1 | billion, 131. | 1% of net | profit. TCV of | large deal | wins was $3. | 1 billion, |  |\n| with net new o | f 67%. | Employee he | adcount inc | reased by | 8,203. |  |  |  |  |\n| H1 revenues g | rew at | 3.3% year ov | er year in co | nstant cur | rency. Operat | ing margin | for H1 was a | t 20.9%. |  |\n| “We have now | delive | red two cons | ecutive quar | ters of str | ong growth, d | emonstrati | ng our uniqu | e market |  |\n| positioning an | d clien | t relevance. | Strong de | al wins, | with 67% net | new in | Q2, reflect o | ur deep |  |\n| understanding | of clien | ts’ priorities | to deliver val | ue from A | I in this enviro | nment”, sa | id Salil Pare | kh, CEO |  |\n| and MD. “Our | proacti | ve investme | nts, over the | last three | years, in em | bracing an | AI-first cultu | re within |  |\n| Infosys has en | sured t | hat our peop | le are reskil | led to thriv | e in a human | +AI workpl | ace. Infosys | Topaz’s |  |\n| differentiated v | alue pr | oposition is | unlocking va | lue at scal | e in every tran | sformation | program” he | added. |  |\n| 2.2% Qo | Q | 21.0% | 1 | 3.1% Yo | Y $3 | .1 Bn | $1.1 | Bn |  |\n| 2.9% Yo | Y | Operatin | g E | PS Increas | e Large | Deal TCV | Fre | e |  |\n| CC Growt | h | Margin |  | (₹ terms) | (67% | Net New) | Cash | Flow |  |\n| Guidance for | FY26: |  |  |  |  |  |  |  |  |\n| • Revenu | e grow | th of 2%-3% | in constant | currency |  |  |  |  |  |\n| • Operati | ng mar | gin of 20%-2 | 2% |  |  |  |  |  |  |\n| Key highlight | s: |  |  |  |  |  |  |  |  |\n| For the quar | ter end | ed Septem | ber 30, 2025 | Fo | r the six mon | ths ended | September | 30, 2025 |  |\n| • Revenues | in CC t | erms grew b | y 2.9% YoY | and • | Revenues in | CC terms | grew by 3.3% | YoY |  |\n| 2.2% QoQ |  |  |  |  |  |  |  |  |  |\n| • Reported r | evenu | es at ₹44,490 | crore, growt | h of • | Reported rev | enues at ₹8 | 6,769 crore, | growth of |  |\n| 8.6% YoY |  |  |  |  | 8.1% YoY |  |  |  |  |\n| • Operating | margin | at 21.0%, | decline of 0 | .1% • | Operating ma | rgin at 20 | .9%, decline | of 0.2% |  |\n| YoY and g | rowth | of 0.2% QoQ |  |  | YoY |  |  |  |  |\n| • Basic EPS | at ₹17 | .76, growth | of 13.1% Yo | Y • | Basic EPS at | ₹34.47, gr | owth of 10.9 | % YoY |  |\n| • FCF at ₹9 | ,677 cr | ore, growth o | f 38.0% YoY | ; • | FCF at ₹17,2 | 10 crore, g | rowth of 6.5% | YoY; |  |\n| FCF conv | ersion a | t 131.2% of | net profit |  | FCF conversi | on at 120. | 4% of net pro | fit |  |\n| We had robust | all-rou | nd performa | nce in Q2 - s | trong gro | wth, resilient m | argins, ve | ry high cash | generation |  |\n| and 13.1% EP | S gro | wth year on | year in rupe | e terms. | We continue | to make s | trategic inves | tments to |  |\n| futureproof th | e busin | ess with a | tight focus | on exec | ution, amidst | high unc | ertainty”, sai | d Jayesh |  |\n| Sanghrajka, C | FO. “I | n line with o | ur Capital Al | location P | olicy, we hav | e announc | ed a share b | uyback fo | r |\n| ₹18,000 crores | during | the quarter | and an interi | m dividen | d of ₹23 per sh | are, an inc | rease of 9.5 | % over las | t |\n| fiscal”, he add | ed. |  |  |  |  |  |  |  |  |\n| Infosys Limited – Pr | ess Relea | se |  |  |  |  |  | Page 1 of 8 |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 26, "section": "2.9% YoY", "subsection": "We had robust all-round performance in Q2 - strong growth, resilient margins, very high cash generation \nand 13.1% EPS growth year on year in rupee terms. We continue to make strategic investments to \nfutureproof the business with a tight focus on execution, amidst high uncertainty”, said Jayesh \nSanghrajka, CFO. “In line with our Capital Allocation Policy, we have announced a share buyback for \n₹18,000 crores during the quarter and an interim dividend of ₹23 per share, an increase of 9.5% over last \nfiscal”, he added.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "5db487c3cd2bed8a", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Press Release > • \nInfosys transformed ABN AMRO’s lending process with nCino platform implementation by \nconsolidating multiple legacy systems into a single, unified platform. Hans-Willem Giesen, \nIT Lead–Credits, ABN AMRO, said, “The transition to the nCino Platform, facilitated by our \npartners like Infosys, has brought about a significant shift in how we manage our lending \nprocess. This solution will improve operational efficiency, enhance our collateral \nmanagement capabilities, and provide our customers with a faster, more transparent \nexperience. As we look to the future, this platform will be a cornerstone of our continued \ngrowth and transformation.” \n• \nInfosys collaborated with Mastercard to offer financial institutions enhanced access \nto Mastercard Move, its portfolio of money movement capabilities, and thereby scale cross-\nborder payments. Pratik Khowala, EVP and Global Head of Transfer Solutions, \nMastercard, said, “Through Mastercard Move’s cutting-edge solutions, we empower \nindividuals and organizations to move money quickly and securely across borders. The \nstrategic collaboration with Infosys provides financial institutions with easy access to these \ncapabilities, enabling them to facilitate fast, secure and reliable cross-border payments for \ntheir customers while enhancing control of risk, operations, costs and liquidity for \nthemselves. Together with Infosys, we’re helping financial institutions deliver the seamless \ndigital payments experiences today’s customers expect.” \n• \nInfosys extended its strategic collaboration with Sunrise to accelerate its IT transformation, \nwith a strong focus on data security, operational agility, and future AI integration. Anna \nMaria Blengino, CIO, Sunrise, said, \"Through our strategic collaboration with Infosys, we \nare consolidating our technology landscape and infusing it with AI, putting enhanced \ncustomer experience at the heart of this transition. The Sunrise and Infosys teams are \nworking side by side with a true one-team mindset to design and deliver platforms that are \nmore agile, predictive, and scalable.” \n• \nInfosys announced a joint venture with Telstra, in Australia, by acquiring 75% of the \nshareholding in Versent Group, a wholly owned subsidiary of Telstra Group, to propel AI-\nenabled cloud and digital solutions for enterprises. Vicki Brady, Chief Executive Officer, \nTelstra, said, “Our collaboration with Infosys reflects our confidence in the value we can \nunlock together. Their global scale, deep industry knowledge, and culture of innovation and \nservice excellence will be instrumental in accelerating Versent Group’s growth and impact \nacross the region.” \n• \nInfosys collaborated with RWE AG to drive automated digital workplace transformation and \nimprove operational efficiency. Gülnaz Öneş, Group CIO of RWE, said, “By leveraging \nmodern technologies and aligning them with our sustainability and efficiency goals, we are \nstreamlining operations, empowering our people, and creating value across RWE. Our \ncollaboration with trusted partners like Infosys underscores our commitment to a resilient, \nagile digital workplace that drives sustainable growth.” \n• \nInfosys collaborated with HanesBrands Inc to unlock hyper productivity and AI-driven \nefficiency in the digital, business applications, and data landscape. Scott Pleiman, Chief \nStrategy, Transformation, Analytics and Technology Officer, HanesBrands, said, “As \nwe continue to evolve our operational model, we sought an experienced collaborator with \ndeep domain expertise and advanced capabilities in AI-driven transformation. Infosys’ AI-\nfirst approach and proven ability to scale innovation aligned with our long-term vision for \nagility, efficiency and customer-centricity.” \n• \nInfosys collaborated with AGCO to deliver IT and HR operations transformation with an \nefficient and future-ready operational framework for growth. Viren Shah, Chief Digital & | Page: 27\n\n| • | Infosys transfo | rmed ABN A | MRO’s lendin | g process | with nCino pla | tform imp | lementation by |\n|---|---|---|---|---|---|---|---|\n|  | consolidating | multiple lega | cy systems int | o a single, | unified platfor | m. Hans- | Willem Giesen, |\n|  | IT Lead–Cred | its, ABN AM | RO, said, “The | transition | to the nCino P | latform, f | acilitated by our |\n|  | partners like I | nfosys, has b | rought about | a significa | nt shift in how | we mana | ge our lending |\n|  | process. This | solution | will improve | operation | al efficiency, | enhance | our collateral |\n|  | management | capabilities, | and provide | our custo | mers with a f | aster, mo | re transparent |\n|  | experience. A | s we look to | the future, thi | s platform | will be a corn | erstone o | f our continued |\n|  | growth and tra | nsformation. | ” |  |  |  |  |\n| • | Infosys collab | orated with | Mastercard t | o offer f | inancial institu | tions enh | anced access |\n|  | to Mastercard | Move, its por | tfolio of mone | y moveme | nt capabilities, | and there | by scale cross- |\n|  | border payme | nts. Pratik | Khowala, EV | P and | Global Head | of Trans | fer Solutions, |\n|  | Mastercard, | said, “Throu | gh Mastercar | d Move’s | cutting-edge | solutions, | we empower |\n|  | individuals an | d organizatio | ns to move m | oney qui | ckly and secur | ely acros | s borders. The |\n|  | strategic colla | boration with | Infosys provid | es financi | al institutions w | ith easy a | ccess to these |\n|  | capabilities, en | abling them | to facilitate fa | st, secure | and reliable cr | oss-borde | r payments for |\n|  | their custome | rs while en | hancing cont | rol of ris | k, operations, | costs an | d liquidity for |\n|  | themselves. T | ogether with | Infosys, we’re | helping fi | nancial instituti | ons delive | r the seamless |\n|  | digital paymen | ts experienc | es today’s cus | tomers ex | pect.” |  |  |\n| • | Infosys extend | ed its strateg | ic collaboratio | n with Su | nrise to accele | rate its IT | transformation, |\n|  | with a strong | focus on da | ta security, op | erational | agility, and fut | ure AI int | egration. Anna |\n|  | Maria Blengin | o, CIO, Sun | rise, said, \"Th | rough our | strategic colla | boration w | ith Infosys, we |\n|  | are consolidat | ing our tec | hnology lands | cape and | infusing it wi | th AI, put | ting enhanced |\n|  | customer exp | erience at th | e heart of thi | s transitio | n. The Sunrise | and Info | sys teams are |\n|  | working side b | y side with a | true one-team | mindset | to design and | deliver pla | tforms that are |\n|  | more agile, pre | dictive, and | scalable.” |  |  |  |  |\n| • | Infosys annou | nced a join | t venture with | Telstra, | in Australia, b | y acquiri | ng 75% of the |\n|  | shareholding i | n Versent Gr | oup, a wholly | owned su | bsidiary of Tel | stra Grou | p, to propel AI- |\n|  | enabled cloud | and digital s | olutions for en | terprises. | Vicki Brady, | Chief Exe | cutive Officer, |\n|  | Telstra, said, | “Our collabo | ration with Inf | osys refle | cts our confide | nce in the | value we can |\n|  | unlock togethe | r. Their glob | al scale, deep | industry k | nowledge, and | culture of | innovation and |\n|  | service excelle | nce will be i | nstrumental in | accelerat | ing Versent Gr | oup’s gro | wth and impact |\n|  | across the reg | ion.” |  |  |  |  |  |\n| • | Infosys collabo | rated with R | WE AG to driv | e automa | ted digital work | place tran | sformation and |\n|  | improve opera | tional efficie | ncy. Gülnaz | Öneş, Gr | oup CIO of R | WE, said, | “By leveraging |\n|  | modern techn | ologies and a | ligning them w | ith our su | stainability an | d efficienc | y goals, we are |\n|  | streamlining o | perations, e | mpowering ou | r people, | and creating | value acr | oss RWE. Our |\n|  | collaboration w | ith trusted p | artners like In | fosys und | erscores our c | ommitmen | t to a resilient, |\n|  | agile digital wo | rkplace that | drives sustain | able grow | th.” |  |  |\n| • | Infosys collab | orated with | HanesBrands | Inc to u | nlock hyper pr | oductivity | and AI-driven |\n|  | efficiency in th | e digital, bu | siness applicat | ions, and | data landscap | e. Scott | Pleiman, Chief |\n|  | Strategy, Tra | nsformation | , Analytics an | d Techn | ology Officer, | HanesBr | ands, said, “As |\n|  | we continue to | evolve our | operational m | odel, we s | ought an expe | rienced c | ollaborator with |\n|  | deep domain | expertise an | d advanced ca | pabilities | in AI-driven tra | nsformati | on. Infosys’ AI- |\n|  | first approach | and proven | ability to scale | innovati | on aligned with | our long | -term vision for |\n|  | agility, efficien | cy and custo | mer-centricity. | ” |  |  |  |\n| • | Infosys collab | orated with | AGCO to deliv | er IT and | HR operation | s transfor | mation with an |\n|  | efficient and f | uture-ready o | perational fra | mework fo | r growth. Vire | n Shah, | Chief Digital & |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 27, "section": "Press Release", "subsection": "• \nInfosys transformed ABN AMRO’s lending process with nCino platform implementation by \nconsolidating multiple legacy systems into a single, unified platform. Hans-Willem Giesen, \nIT Lead–Credits, ABN AMRO, said, “The transition to the nCino Platform, facilitated by our \npartners like Infosys, has brought about a significant shift in how we manage our lending \nprocess. This solution will improve operational efficiency, enhance our collateral \nmanagement capabilities, and provide our customers with a faster, more transparent \nexperience. As we look to the future, this platform will be a cornerstone of our continued \ngrowth and transformation.” \n• \nInfosys collaborated with Mastercard to offer financial institutions enhanced access \nto Mastercard Move, its portfolio of money movement capabilities, and thereby scale cross-\nborder payments. Pratik Khowala, EVP and Global Head of Transfer Solutions, \nMastercard, said, “Through Mastercard Move’s cutting-edge solutions, we empower \nindividuals and organizations to move money quickly and securely across borders. The \nstrategic collaboration with Infosys provides financial institutions with easy access to these \ncapabilities, enabling them to facilitate fast, secure and reliable cross-border payments for \ntheir customers while enhancing control of risk, operations, costs and liquidity for \nthemselves. Together with Infosys, we’re helping financial institutions deliver the seamless \ndigital payments experiences today’s customers expect.” \n• \nInfosys extended its strategic collaboration with Sunrise to accelerate its IT transformation, \nwith a strong focus on data security, operational agility, and future AI integration. Anna \nMaria Blengino, CIO, Sunrise, said, \"Through our strategic collaboration with Infosys, we \nare consolidating our technology landscape and infusing it with AI, putting enhanced \ncustomer experience at the heart of this transition. The Sunrise and Infosys teams are \nworking side by side with a true one-team mindset to design and deliver platforms that are \nmore agile, predictive, and scalable.” \n• \nInfosys announced a joint venture with Telstra, in Australia, by acquiring 75% of the \nshareholding in Versent Group, a wholly owned subsidiary of Telstra Group, to propel AI-\nenabled cloud and digital solutions for enterprises. Vicki Brady, Chief Executive Officer, \nTelstra, said, “Our collaboration with Infosys reflects our confidence in the value we can \nunlock together. Their global scale, deep industry knowledge, and culture of innovation and \nservice excellence will be instrumental in accelerating Versent Group’s growth and impact \nacross the region.” \n• \nInfosys collaborated with RWE AG to drive automated digital workplace transformation and \nimprove operational efficiency. Gülnaz Öneş, Group CIO of RWE, said, “By leveraging \nmodern technologies and aligning them with our sustainability and efficiency goals, we are \nstreamlining operations, empowering our people, and creating value across RWE. Our \ncollaboration with trusted partners like Infosys underscores our commitment to a resilient, \nagile digital workplace that drives sustainable growth.” \n• \nInfosys collaborated with HanesBrands Inc to unlock hyper productivity and AI-driven \nefficiency in the digital, business applications, and data landscape. Scott Pleiman, Chief \nStrategy, Transformation, Analytics and Technology Officer, HanesBrands, said, “As \nwe continue to evolve our operational model, we sought an experienced collaborator with \ndeep domain expertise and advanced capabilities in AI-driven transformation. Infosys’ AI-\nfirst approach and proven ability to scale innovation aligned with our long-term vision for \nagility, efficiency and customer-centricity.” \n• \nInfosys collaborated with AGCO to deliver IT and HR operations transformation with an \nefficient and future-ready operational framework for growth. Viren Shah, Chief Digital &", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "af1ea5176d96f2fe", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Press Release > • \nBrand & Corporate | Page: 28\n\n| I | nformation Officer, | AGCO Cor | poration, said | , \"At AGCO, w | e’re committ | ed to delivering |\n|---|---|---|---|---|---|---|\n|  | excellence in everyth | ing we do, a | lways putting | Farmers First. | Collaboratin | g with Infosys is |\n| i | ntended to enable | us to create | a responsiv | e, streamlined | and innova | tive operational |\n|  | ecosystem within IT | and other f | unctions that | allows our tea | ms to focus | on critical and |\n|  | strategic initiatives th | at center on | the farmer.” |  |  |  |\n|  | Uniting Financial Serv | ices (UFS), | Australia, sub | scribed to Infos | ys Finacle’s | Digital Banking |\n|  | SaaS suite on AWS | cloud, in a m | ove that was | completed in l | ess than fiv | e months. John |\n|  | McComb, Chief Risk | Officer and | Acting CEO, | Uniting Finan | cial Service | s, said, “We are |\n|  | delighted to announc | e the succ | essful go-live | of the Finacle | platform. O | ur goal was to |\n|  | modernise our core b | anking and | digital capabil | ities to enhanc | e the experi | ence for clients. |\n|  | With Infosys Finacle, | we have foun | d a long-term | technology part | ner, with the | ability to deliver |\n|  | a future-ready platfor | m that mee | ts the needs | of our operatio | ns today an | d supports our |\n|  | ambitions for tomorro | w in a rapidl | y evolving fina | ncial services l | andscape.” |  |\n| I | nfosys collaborated w | ith Glion Ar | ena Kobe as t | heir official digita | l innovation | and GX partner |\n| t | o power smart and s | ustainable e | ntertainment | experiences. Ju | n Shibuya, | President and |\n|  | Representative Dire | ctor, One B | right KOBE | Corporation, s | aid, “Glion K | obe Arena is a |\n|  | new landmark com | memorating | the 30th a | nniversary of | the Great | Hanshin-Awaji |\n|  | Earthquake. Our vi | sion for the | arena is t | o become a | pioneering | next-generation |\n|  | entertainment venue, | offering spe | ctacular event | s while operatin | g sustainabl | y. We are happy |\n| t | o announce our agre | ement with | Infosys as ou | r official digital | innovation a | nd GX partner. |\n|  | Leveraging Infosys' | innovative | solutions will | help us agg | regate data | , utilize cloud |\n| t | echnologies, explore | new revenu | e opportunitie | s, and deliver a | seamless e | xperience for all |\n|  | our fans and visitors.” |  |  |  |  |  |\n| itio | ns & Awards |  |  |  |  |  |\n| d | & Corporate |  |  |  |  |  |\n| • | Infosys honored wit | h awards at | 'The Asset C | orporate Sustai | nability Lea | dership Awards |\n|  | 2025'. Categories inc | lude the 'Pla | tinum Award | for Excellence’ | and 'Best In | vestor Relations |\n|  | Team' |  |  |  |  |  |\n| • | Recognized as one | of the Worl | d's Best Com | panies 2025 b | y TIME and | Statista for its |\n|  | excellence in employ | ee satisfacti | on, revenue g | rowth, and sust | ainability tra | nsparency |\n| • | Recognized among | the World’s | Most Trustw | orthy Companie | s 2025 by | Newsweek and |\n|  | Statista |  |  |  |  |  |\n| • | Recognized as one | of the Best C | ompanies for | Women in Indi | a in the Hall | of Fame for the |\n|  | seventh consecutive | year and th | e 2025 Avtar & | Seramount Be | st Compani | es for Women in |\n|  | India in the IT sector |  |  |  |  |  |\n| • | Honored with the Ex | emplars of I | nclusion in th | e Most Inclusive | Companie | s Index 2025 by |\n|  | Avtar & Seramount |  |  |  |  |  |\n| • | Recognized among t | he top 10 in | the newly lau | nched category | of Best Com | panies for ESG |\n|  | in India in 2025 by A | vtar & Seram | ount |  |  |  |\n| • | Infosys Foundation | & Infosys E | SG Annual R | eport FY24-25 | received th | e Gold Stevie® |\n|  | Award in the catego | ries of ‘Bes | t Annual Rep | ort - Non-Profit | Organizati | ons’ and ‘Other |\n|  | Publication - Compa | ny’. Infosys | Integrated R | eport secured t | he Silver St | evie® Award for |\n|  | ‘Best Annual Repo | rt - Publicly | -Held Corpor | ations’ at the | 22nd Annu | al International |\n|  | Business Awards® |  |  |  |  |  |\n| • | Infosys BPM receive | d the 9th E | dition Women | Empowerment | Summit an | d GIWL Awards |\n|  | for ‘Best Organizatio | n for Women | Empowerme | nt’ |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 28, "section": "Press Release", "subsection": "• \nBrand & Corporate", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "b5e85d41ce0596da", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Press Release > • \nPositioned as a leader in Gartner: Magic Quadrant and Critical Capabilities for Public Cloud \nIT Transformation Services \n• \nPositioned as a leader in Gartner: Emerging Market Quadrant for Generative AI Consulting \nand Implementation Services (Innovation Guide for Generative AI Consulting and \nImplementation Services) \n• \nRecognized as a leader in IDC MarketScape: Asia Pacific Oracle Implementation Services \n2025 Vendor Assessment \n• \nRecognized as a leader in IDC MarketScape: Worldwide Artificial Intelligence Services \n2025 \n• \nRecognized as a leader in IDC MarketScape: Worldwide Life Science R&D AI and GenAI \nin Clinical Trials 2025       \n• \nRecognized as a leader in Constellation ShortList: Artificial Intelligence and Machine \nLearning Best-of-Breed Platforms \n• \nRecognized as a leader in Constellation ShortList: AI-Driven Cognitive Applications \n• \nInfosys EdgeVerve recognized as the ‘Company of the Year’ with Silver Stevie® Awards in \ntwo categories: i) Artificial Technology for the flagship platform, Infosys EdgeVerve AI Next, \nand ii) Business Technology for enterprise transformation \n \n• \nKey Digital Services | Page: 29\n\n|  | • | Infosys BPM rece | ived t | he 20th Editio | n Future of L | &D Summit | and Awards 2 | 025 for ‘Best |\n|---|---|---|---|---|---|---|---|---|\n|  |  | Digital Learning i | nitiative | ’ |  |  |  |  |\n|  | • | Infosys BPM rec | eived | the Brandon | Hall HCM E | xcellence L | earning and | Development |\n|  |  | Awards for ‘Best | Learni | ng Strategy’ |  |  |  |  |\n| • AI | and | Cloud Services |  |  |  |  |  |  |\n|  | • | Positioned as a le | ader in | Gartner: Mag | ic Quadrant a | nd Critical C | apabilities for | Public Cloud |\n|  |  | IT Transformation | Servi | ces |  |  |  |  |\n|  | • | Positioned as a le | ader in | Gartner: Eme | rging Market | Quadrant f | or Generative | AI Consulting |\n|  |  | and Implementa | tion S | ervices (Inno | vation Guide | for Gene | rative AI Co | nsulting and |\n|  |  | Implementation S | ervice | s) |  |  |  |  |\n|  | • | Recognized as a | leader | in IDC Market | Scape: Asia | Pacific Orac | le Implementa | tion Services |\n|  |  | 2025 Vendor Ass | essme | nt |  |  |  |  |\n|  | • | Recognized as a | leade | r in IDC Mark | etScape: W | orldwide Art | ificial Intellige | nce Services |\n|  |  | 2025 |  |  |  |  |  |  |\n|  | • | Recognized as a | leader | in IDC Marke | tScape: Worl | dwide Life S | cience R&D | AI and GenAI |\n|  |  | in Clinical Trials 2 | 025 |  |  |  |  |  |\n|  | • | Recognized as a | lead | er in Constell | ation ShortLi | st: Artificial | Intelligence | and Machine |\n|  |  | Learning Best-of- | Breed | Platforms |  |  |  |  |\n|  | • | Recognized as a | leader | in Constellatio | n ShortList: | AI-Driven C | ognitive Applic | ations |\n|  | • | Infosys EdgeVerv | e reco | gnized as the | ‘Company of | the Year’ w | ith Silver Stev | ie® Awards in |\n|  |  | two categories: i) | Artifici | al Technology | for the flagsh | ip platform, I | nfosys EdgeV | erve AI Next, |\n|  |  | and ii) Business T | echno | logy for enterp | rise transfor | mation |  |  |\n| • Ke | y Di | gital Services |  |  |  |  |  |  |\n|  | • | Recognized as a | leader | in IDC Marke | tScape: India | IT/Digital T | ransformation | Services for |\n|  |  | Public Sector 202 | 5 Vend | or Assessmen | t |  |  |  |\n|  | • | Recognized as a l | eader | in IDC Market | Scape: Worl | dwide IT an | d Engineering | Services for |\n|  |  | Software-Defined | Vehicle | s 2025 Vendo | r Assessme | nt |  |  |\n|  | • | Recognized as a | lead | er in IDC Ma | rketScape: | Worldwide | Industrial IoT | End-to-End |\n|  |  | Engineering and L | ife-Cyc | le Services 2 | 025 Vendor A | ssessment |  |  |\n|  | • | Rated as a leader | in Eve | rest Group: Mi | crosoft Busin | ess Applicat | ion Services | PEAK Matrix® |\n|  |  | Assessment 2025 |  |  |  |  |  |  |\n|  | • | Rated as a leade | r in E | verest Group: | Global Digit | al Workplac | e Services P | EAK Matrix® |\n|  |  | Assessments 202 | 5 |  |  |  |  |  |\n|  | • | Rated as a leader | in Eve | rest Group: 5 | G Engineerin | g Services | PEAK Matrix | ® Assessment |\n|  |  | 2025 |  |  |  |  |  |  |\n|  | • | Rated as a lead | er in | Everest Grou | p: Network | Engineering | Services P | EAK Matrix® |\n|  |  | Assessment 2025 |  |  |  |  |  |  |\n|  | • | Rated as a lead | er in | Everest Gro | up: Net-Zero | Consulting | Services P | EAK Matrix® |\n|  |  | Assessment 2025 |  |  |  |  |  |  |\n|  | • | Recognized as a l | eader i | n HFS Horizo | ns: Digital Ma | rketing and | Sales Service | s, 2025 |\n|  | • | Recognized as a l | eader i | n HFS Horizo | ns: Cybersec | urity Service | s, 2025 |  |\n|  | • | Positioned as a le | ader in | NelsonHall: S | erviceNow S | ervices 202 | 5 NEAT |  |\n|  | • | Recognized as a | leader | in Constellati | on ShortList: | Customer | Experience (C | X) Design & |\n|  |  | Execution Service | s - Glo | bal |  |  |  |  |\n| Infosys Li | mited | – Press Release |  |  |  |  |  | Page 4 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 29, "section": "Press Release", "subsection": "• \nPositioned as a leader in Gartner: Magic Quadrant and Critical Capabilities for Public Cloud \nIT Transformation Services \n• \nPositioned as a leader in Gartner: Emerging Market Quadrant for Generative AI Consulting \nand Implementation Services (Innovation Guide for Generative AI Consulting and \nImplementation Services) \n• \nRecognized as a leader in IDC MarketScape: Asia Pacific Oracle Implementation Services \n2025 Vendor Assessment \n• \nRecognized as a leader in IDC MarketScape: Worldwide Artificial Intelligence Services \n2025 \n• \nRecognized as a leader in IDC MarketScape: Worldwide Life Science R&D AI and GenAI \nin Clinical Trials 2025       \n• \nRecognized as a leader in Constellation ShortList: Artificial Intelligence and Machine \nLearning Best-of-Breed Platforms \n• \nRecognized as a leader in Constellation ShortList: AI-Driven Cognitive Applications \n• \nInfosys EdgeVerve recognized as the ‘Company of the Year’ with Silver Stevie® Awards in \ntwo categories: i) Artificial Technology for the flagship platform, Infosys EdgeVerve AI Next, \nand ii) Business Technology for enterprise transformation \n \n• \nKey Digital Services", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "4b5d4c6d632f733f", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Press Release > • \nRecognized as a leader in IDC MarketScape: Worldwide Life Sciences Healthcare Provider \n(HCP) Engagement Services 2025 \n• \nRecognized as a leader in HFS Horizons: The Best Service Providers for Mortgage \nReinvention, 2025 \n• \nPositioned as a leader in NelsonHall: Transforming Mortgage & Loan Services 2025 NEAT \n• \nInfosys Finacle recognized as a leader in IDC MarketScape: Worldwide Corporate Loan \nOrigination Systems 2025 Vendor Assessment  \n• \nInfosys Finacle recognized as a leader in IDC MarketScape: Worldwide Corporate Loan \nLifecycle Management 2025 Vendor Assessment \n• \nInfosys Finacle along with its customers received three awards at the MEA Finance Leaders \nin Payments Awards 2025 for Best Real-Time Payments Implementation - Qatar National \nBank, Best Real-Time Payments Provider - Infosys Finacle, and Best Instant Payments \nTechnology Solution - Infosys Finacle \n• \nInfosys Finacle along with its customers received three awards at the Finnovex Awards \nSaudi Arabia 2025 for Excellence in Digital Transformation - Arab National Bank, Excellence \nin Digital Corporate Banking - Banque Saudi Fransi, and Excellence in Composable Banking \nPlatforms - Infosys Finacle | Page: 30\n\n|  | • | Recognized as | a leader | in Constellation | ShortList: | Digital Trans | formation Servic | es (DTX) - |\n|---|---|---|---|---|---|---|---|---|\n|  |  | Global |  |  |  |  |  |  |\n|  | • | Recognized as | a leader | in Constellation | ShortList: | Customer E | xperience (CX) | Operations |\n|  |  | Services - Glob | al |  |  |  |  |  |\n|  | • | Recognized as | a leader | in Constellation | ShortList fo | r ER&D |  |  |\n|  | • | Recognized as | a leader | in Constellation | ShortList: A | I Services - | Global |  |\n|  | • | Recognized as | leader in | Avasant Utilities | Digital Se | rvices 2025 | RadarView™ |  |\n|  | • | Recognized as | leader | in Avasant Glo | bal Comp | etency Cen | ter (GCC) Ser | vices 2025 |\n|  |  | RadarView™ |  |  |  |  |  |  |\n|  | • | Infosys China re | cognize | d as the ‘Leading | Digital Ser | vice Provide | rs 2025 - Top 10 | 0’ by China |\n|  |  | Council for Inte | rnational | Investment Pro | motion |  |  |  |\n| • Ind | ustr | y & Solutions |  |  |  |  |  |  |\n|  | • | Recognized as | a leader | in IDC MarketSc | ape: World | wide Life Sci | ences Healthca | re Provider |\n|  |  | (HCP) Engage | ment Ser | vices 2025 |  |  |  |  |\n|  | • | Recognized as | a lead | er in HFS Hori | zons: The | Best Servic | e Providers for | Mortgage |\n|  |  | Reinvention, 20 | 25 |  |  |  |  |  |\n|  | • | Positioned as a | leader i | n NelsonHall: Tra | nsforming | Mortgage & | Loan Services 2 | 025 NEAT |\n|  | • | Infosys Finacle | recogni | zed as a leader | in IDC M | arketScape: | Worldwide Cor | porate Loa |\n|  |  | Origination Sys | tems 202 | 5 Vendor Asses | sment |  |  |  |\n|  | • | Infosys Finacle | recogni | zed as a leader | in IDC M | arketScape: | Worldwide Cor | porate Loa |\n|  |  | Lifecycle Mana | gement 2 | 025 Vendor Ass | essment |  |  |  |\n|  | • | Infosys Finacle | along wi | th its customers | received th | ree awards | at the MEA Fina | nce Leade |\n|  |  | in Payments A | wards 20 | 25 for Best Re | al-Time Pa | yments Impl | ementation - Q | atar Nation |\n|  |  | Bank, Best Re | al-Time | Payments Provi | der - Infos | ys Finacle, | and Best Insta | nt Paymen |\n|  |  | Technology Sol | ution - In | fosys Finacle |  |  |  |  |\n|  | • | Infosys Finacle | along w | ith its customer | s received | three award | s at the Finnov | ex Awards |\n|  |  | Saudi Arabia 20 | 25 for E | xcellence in Digit | al Transfor | mation - Arab | National Bank, | Excellence |\n|  |  | in Digital Corpo | rate Ban | king - Banque Sa | udi Fransi, | and Excellen | ce in Composa | ble Banking |\n|  |  | Platforms - Info | sys Fina | cle |  |  |  |  |\n| Read m | ore | about our Awa | rds & Re | cognitions here. |  |  |  |  |\n| Infosys Li | mited | – Press Release |  |  |  |  |  | Page 5 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 30, "section": "Press Release", "subsection": "• \nRecognized as a leader in IDC MarketScape: Worldwide Life Sciences Healthcare Provider \n(HCP) Engagement Services 2025 \n• \nRecognized as a leader in HFS Horizons: The Best Service Providers for Mortgage \nReinvention, 2025 \n• \nPositioned as a leader in NelsonHall: Transforming Mortgage & Loan Services 2025 NEAT \n• \nInfosys Finacle recognized as a leader in IDC MarketScape: Worldwide Corporate Loan \nOrigination Systems 2025 Vendor Assessment  \n• \nInfosys Finacle recognized as a leader in IDC MarketScape: Worldwide Corporate Loan \nLifecycle Management 2025 Vendor Assessment \n• \nInfosys Finacle along with its customers received three awards at the MEA Finance Leaders \nin Payments Awards 2025 for Best Real-Time Payments Implementation - Qatar National \nBank, Best Real-Time Payments Provider - Infosys Finacle, and Best Instant Payments \nTechnology Solution - Infosys Finacle \n• \nInfosys Finacle along with its customers received three awards at the Finnovex Awards \nSaudi Arabia 2025 for Excellence in Digital Transformation - Arab National Bank, Excellence \nin Digital Corporate Banking - Banque Saudi Fransi, and Excellence in Composable Banking \nPlatforms - Infosys Finacle", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ab53d1748cd65468", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Press Release > Safe Harbor | Page: 31\n\n| About Infosys |  |  |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|\n| Infosys is a global | leader in | next-generation d | igita | l services a | nd |  |  |  |\n| consulting. Over 3 | 20,000 of | our people work | to | amplify hum | an |  |  |  |\n| potential and creat | e the next | opportunity for p | eop | le, business | es |  |  |  |\n| and communities. | We enabl | e clients in 59 co | untri | es to naviga | te |  |  |  |\n| their digital transfo | rmation. W | ith over four dec | ades | of experien | ce |  |  |  |\n| in managing the s | ystems an | d workings of glo | bal e | nterprises, | we |  |  |  |\n| expertly steer clien | ts, as they | navigate their di | gital | transformati | on |  |  |  |\n| powered by cloud | and AI. W | e enable them w | ith a | n AI-first co | re, |  |  |  |\n| empower the bus | iness wit | h agile digital at | sc | ale and dri | ve |  |  |  |\n| continuous improv | ement wi | th always-on lea | rnin | g through t | he |  |  |  |\n| transfer of digital s | kills, expe | rtise, and ideas f | rom | our innovati | on |  |  |  |\n| ecosystem. We ar | e deeply c | ommitted to bein | g a | well-govern | ed, |  |  |  |\n| environmentally s | ustainable | organization wh | ere | diverse tale | nt |  |  |  |\n| thrives in an inclusi | ve workpla | ce. |  |  |  |  |  |  |\n| Visit www.infosys.c | om to see | how Infosys (NS | E, B | SE, NYSE: |  |  |  |  |\n| INFY) can help you | r enterpris | e navigate your n | ext. |  |  |  |  |  |\n| Safe Harbor |  |  |  |  |  |  |  |  |\n| Certain statement | s in this r | elease concernin | g o | ur future gr | owth pros | pects, our f | uture financi | al or operating |\n| performance, the M | cCamish | cybersecurity inci | dent | , and the Un | ited State | s H-1B visa | program are | forward looking |\n| statements intende | d to qualif | y for the 'safe harb | or' u | nder the Pri | vate Secu | rities Litigatio | n Reform Ac | t of 1995, which |\n| involve a number o | f risks and | uncertainties that | coul | d cause actu | al results | or outcomes | to differ mate | rially from those |\n| in such forward-loo | king state | ments. The risks | and | uncertaintie | s relating | to these sta | tements incl | ude, but are not |\n| limited to, risks and | uncertain | ties regarding the | exe | cution of our | business | strategy, inc | reased comp | etition for talent, |\n| our ability to attrac | t and reta | in personnel, incr | ease | in wages, | investmen | ts to reskill | our employe | es, our ability to |\n| effectively implem | ent a hybri | d working model, | ec | onomic unce | rtainties a | nd geo-polit | ical situation | s, technological |\n| disruptions and in | novations | such as Generat | ive | AI, the com | plex and | evolving reg | ulatory land | scape including |\n| immigration regula | tion chang | es, our ESG vis | ion, | our capital | allocation | policy and | expectations | concerning our |\n| market position, fut | ure operat | ions, margins, pr | ofita | bility, liquidit | y, capital r | esources, ou | r corporate a | ctions including |\n| acquisitions, the ou | tcome of p | ending litigation, t | he a | mount of an | y addition | al costs resul | ting directly o | r indirectly from |\n| the McCamish cyb | ersecurity | incident, the out | com | e of the gov | ernment i | nvestigation, | the timing, | implementation, |\n| duration and effect | of the Sep | tember 19, 2025 | proc | lamation sig | ned by th | e president o | f the United | States related to |\n| the H-1B visa progr | am, and th | e effect of current | and | any future ta | riffs. Impo | rtant factors | that may cau | se actual results |\n| or outcomes to diff | er from tho | se implied by the | for | ward-looking | statemen | ts are discus | sed in more | detail in our US |\n| Securities and Exc | hange Co | mmission filings i | nclu | ding our Ann | ual Repor | t on Form 2 | 0-F for the fi | scal year ended |\n| March 31, 2025. Th | ese filings | are available at w | ww | .sec.gov. Inf | osys may, | from time to | time, make a | dditional written |\n| and oral forward-lo | oking state | ments, including s | tate | ments conta | ined in the | Company's | filings with th | e Securities and |\n| Exchange Commis | sion and o | ur reports to shar | ehol | ders. The C | ompany d | oes not unde | rtake to upd | ate any forward- |\n| looking statements | that may b | e made from time | to t | ime by or on | behalf of | the Compan | y unless it is | required by law. |\n| Contact |  |  |  |  |  |  |  |  |\n| Investor Relations | Sand | eep Mahindroo |  |  |  |  |  |  |\n|  | +91 | 80 3980 1018 |  |  |  |  |  |  |\n|  | Sand | eep_Mahindroo@ | info | sys.com |  |  |  |  |\n| Media Relations | Rish | i Basu |  |  |  |  |  |  |\n|  | +91 | 80 4156 3998 |  |  |  |  |  |  |\n|  | Raja | rshi.Basu@infosy | s.co | m |  |  |  |  |\n| Infosys Limited – Press | Release |  |  |  |  |  |  | Page 6 of 8 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 31, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "9aab91faf93bc8db", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Press Release | Page: 32\n\n| xtracted from | the Cond | ensed Consolidated | Balance Sheet under IF | RS as at: |  | (in ₹ | crore) |\n|---|---|---|---|---|---|---|---|\n|  |  |  |  | September 3 | 0, 202 | 5 March 31, | 2025 |\n| ASSETS |  |  |  |  |  |  |  |\n| Current assets |  |  |  |  |  |  |  |\n| Cash and cash | equivalents |  |  |  | 31,83 | 2 | 24,455 |\n| Current investm | ents |  |  |  | 12,60 | 6 | 12,482 |\n| Trade receivable | s |  |  |  | 33,96 | 8 | 31,158 |\n| Unbilled revenu | e |  |  |  | 14,31 | 3 | 12,851 |\n| Other current as | sets |  |  |  | 13,04 | 8 | 16,153 |\n| Total current a | ssets |  |  |  | 105,76 | 7 | 97,099 |\n| Non-current as | sets |  |  |  |  |  |  |\n| Property, plant a | nd equipm | ent and Right-of-use as | sets |  | 19,28 | 2 | 19,111 |\n| Goodwill and oth | er Intangib | le assets |  |  | 14,67 | 0 | 12,872 |\n| Non-current inve | stments |  |  |  | 10,87 | 9 | 11,059 |\n| Unbilled revenu | e |  |  |  | 2,30 | 8 | 2,232 |\n| Other non-curre | nt assets |  |  |  | 7,47 | 4 | 6,530 |\n| Total non-curre | nt assets |  |  |  | 54,61 | 3 | 51,804 |\n| Total assets |  |  |  |  | 160,38 | 0 | 148,903 |\n| LIABILITIES AN | D EQUITY |  |  |  |  |  |  |\n| Current liabiliti | es |  |  |  |  |  |  |\n| Trade payables |  |  |  |  | 3,83 | 9 | 4,164 |\n| Unearned reven | ue |  |  |  | 9,02 | 2 | 8,492 |\n| Employee benef | it obligation | s |  |  | 3,33 | 5 | 2,908 |\n| Other current lia | bilities and | provisions |  |  | 30,20 | 2 | 27,286 |\n| Total current li | abilities |  |  |  | 46,39 | 8 | 42,850 |\n| Non-current lia | bilities |  |  |  |  |  |  |\n| Lease liabilities |  |  |  |  | 5,98 | 3 | 5,772 |\n| Other non-curre | nt liabilities |  |  |  | 4,25 | 5 | 4,078 |\n| Total non-curre | nt liabilitie | s |  |  | 10,23 | 8 | 9,850 |\n| Total liabilities |  |  |  |  | 56,63 | 6 | 52,700 |\n| Total equity att | ributable t | o equity holders of th | e company |  | 103,33 | 0 | 95,818 |\n| Non-controlling i | nterests |  |  |  | 41 | 4 | 385 |\n| Total equity |  |  |  |  | 103,74 | 4 | 96,203 |\n| Total liabilities | and equity |  |  |  | 160,38 | 0 | 148,903 |\n| xtracted from | the Cond | ensed Consolidated | statement of Comprehe | nsive Income | under | IFRS for: |  |\n|  |  |  |  | (in ₹ c | rore ex | cept per equity shar | e data) |\n|  |  | 3 mon | ths ended 3 months | ended 6 m | onths | ended 6 month | s ended |\n|  |  | Sep | tember 30, Septem | ber 30, S | eptem | ber 30, Septe | mber 30, |\n|  |  |  | 2025 | 2024 |  | 2025 | 2024 |\n| Revenues |  |  | 44,490 | 40,986 |  | 86,769 | 80,300 |\n| Cost of sales |  |  | 30,800 | 28,474 |  | 60,025 | 55,651 |\n| Gross profit |  |  | 13,690 | 12,512 |  | 26,744 | 24,649 |\n| Operating expe | nses: |  |  |  |  |  |  |\n| Selling and ma | rketing exp | enses | 2,224 | 1,855 |  | 4,431 | 3,792 |\n| Administrative | expenses |  | 2,113 | 2,008 |  | 4,156 | 3,920 |\n| Total operating e | xpenses |  | 4,337 | 3,863 |  | 8,587 | 7,712 |\n| Operating profi | t |  | 9,353 | 8,649 |  | 18,157 | 16,937 |\n| Other income, n | et (3) |  | 876 | 604 |  | 1,813 | 1,337 |\n| Profit before in | come taxe | s | 10,229 | 9,253 |  | 19,970 | 18,274 |\n| Income tax expe | nse |  | 2,854 | 2,737 |  | 5,670 | 5,384 |\n| Net profit (befo | re minority | interest) | 7,375 | 6,516 |  | 14,300 | 12,890 |\n| Net profit (after | non-controll | ing interest) | 7,364 | 6,506 |  | 14,285 | 12,874 |\n| Basic EPS (₹) |  |  | 17.76 | 15.71 |  | 34.47 | 31.09 |\n| Diluted EPS (₹) |  |  | 17.74 | 15.68 |  | 34.41 | 31.02 |\n| nfosys Limited – P | ress Release |  |  |  |  | P | age 7 of 8 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 32, "section": "Press Release", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d547051933d2067a", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Press Release | Page: 33\n\n| 1. | The above | information is e | xtracted from the audited condensed consolidated | Balance sheet and | Statement |\n|---|---|---|---|---|---|\n|  | of Compreh | ensive Income | for the quarter ended September 30, 2025, which | have been taken o | n record at |\n|  | the Board | meeting held on | October 16, 2025. |  |  |\n| 2. | A Fact She | et providing the | operating metrics of the Company can be downlo | aded from www.info | sys.com. |\n| 3. | Other inco | me is net of Fina | nce Cost. |  |  |\n| 4. | As the qua | rter and six mon | ths ended figures are taken from the source and | rounded to the nea | rest digits, |\n|  | the quarter | figures in this | statement added up to the figures reported for th | e previous quarter | might not |\n|  | always add | up to the six m | onths ended figures reported in this statement. |  |  |\n| Infosys Li | mited – Press | Release |  |  | Page 8 of 8 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 33, "section": "Press Release", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "e6abb6304c325fe9", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: $1.1 Bn > We had robust all-round performance in Q2 - strong growth, resilient margins, very high cash generation \nand 13.1% EPS growth year on year in rupee terms. We continue to make strategic investments to \nfutureproof the business with a tight focus on execution, amidst high uncertainty”, said Jayesh \nSanghrajka, CFO. “In line with our Capital Allocation Policy, we have announced a share buyback for \n`18,000 crores during the quarter and an interim dividend of `23 per share, an increase of 9.5% over last \nfiscal”, he added. | Page: 34\n\n|  |  |  |  |  |  | IFRISF | R–S U –S UD | S D |\n|---|---|---|---|---|---|---|---|---|\n|  |  |  |  |  | P | resPsr eRs | se lReealseea | se |\n| 1\\ Quarterly | revenue cros | ses $5 bn mar | k; Second co | nsecutive quar | ter of strong | performan | ce | e |\n| venue growth of | 2.2% sequent | ially in Q2 and | 3.3% in H1 in | CC; Large de | al TCV at $3.1 | Bn and FC | F at $1.1 Bn |  |\n| FY26 r | evenue guida | nce revised to | 2%-3% and | margin guidanc | e retained at | 20%-22% |  |  |\n| Bengaluru, Indi | a – Octobe | r 16, 2025: In | fosys (NSE, | BSE, NYSE: | INFY), a glo | bal leader | in next- |  |\n| generation digita | l services an | d consulting, d | elivered $5,0 | 76 million in Q | 2 revenues, y | ear on yea | r growth |  |\n| of 2.9% and sequ | ential growt | h of 2.2% in co | nstant curren | cy. Operating | margin was a | t 21.0%. F | ree cash |  |\n| flow generation w | as strong at | $1.1 billion, 1 | 31.1% of net | profit. TCV of | large deal wi | ns was $3. | 1 billion, |  |\n| with net new of 6 | 7%. Employ | ee headcount | increased by | 8,203. |  |  |  |  |\n| H1 revenues gre | w at 3.3% ye | ar over year in | constant cur | rency. Operat | ing margin fo | r H1 was a | t 20.9%. |  |\n| “We have now d | elivered two | consecutive q | uarters of str | ong growth, d | emonstrating | our unique | market |  |\n| positioning and | client releva | nce. Strong | deal wins, | with 67% net | new in Q2, | reflect o | ur deep |  |\n| understanding of | clients’ prior | ities to deliver | value from AI | in this enviro | nment”, said | Salil Pare | kh, CEO |  |\n| and MD. “Our pr | oactive inve | stments, over | the last three | years, in em | bracing an AI | -first cultu | re within |  |\n| Infosys has ensu | red that our | people are re | skilled to thriv | e in a human | +AI workplac | e. Infosys | Topaz’s |  |\n| differentiated val | ue propositio | n is unlocking | value at scal | e in every tran | sformation pr | ogram” he | added. |  |\n| 2.2% QoQ | 21 | .0% | 13.1% Yo | Y $3 | .1 Bn | $1.1 | Bn |  |\n| 2.9% YoY | Op | erating | EPS Increas | e Large | Deal TCV | Fre | e |  |\n| CC Growth | M | argin | (₹ terms) | (67% | Net New) | Cash | Flow |  |\n| Guidance for FY | 26: |  |  |  |  |  |  |  |\n| • Revenue | growth of 2% | -3% in consta | nt currency |  |  |  |  |  |\n| • Operating | margin of 2 | 0%-22% |  |  |  |  |  |  |\n| Key highlights: |  |  |  |  |  |  |  |  |\n| For the quarte | r ended Sep | tember 30, 2 | 025 Fo | r the six mon | ths ended S | eptember | 30, 2025 |  |\n| • Revenues in | CC terms gr | ew by 2.9% Y | oY and • | Revenues in | CC terms gre | w by 3.3% | YoY |  |\n| 2.2% QoQ |  |  |  |  |  |  |  |  |\n| • Reported rev | enues at $5, | 076 million, gr | owth of • | Reported rev | enues at $10, | 018 millio | n, growth |  |\n| 3.7% YoY |  |  |  | of 4.3% YoY |  |  |  |  |\n| • Operating m | argin at 21. | 0%, decline o | f 0.1% • | Operating ma | rgin at 20.9 | %, decline | of 0.2% |  |\n| YoY and gro | wth of 0.2% | QoQ |  | YoY |  |  |  |  |\n| • Basic EPS a | t $0.20, grow | th of 7.9% Yo | Y • | Basic EPS at | $0.40, growt | h of 6.9% | YoY |  |\n| • FCF at $1,1 | 01 million, gr | owth of 31.2% | YoY; • | FCF at $1,98 | 5 million, gro | wth of 2.7% | YoY; |  |\n| FCF convers | ion at 131.1 | % of net profit |  | FCF conversi | on at 120.4% | of net pro | fit |  |\n| We had robust a | ll-round perfo | rmance in Q2 | - strong gro | wth, resilient m | argins, very | high cash | generation |  |\n| and 13.1% EPS | growth yea | r on year in r | upee terms. | We continue | to make stra | tegic inve | stments to |  |\n| futureproof the | business wi | th a tight foc | us on exec | ution, amidst | high uncert | ainty”, sai | d Jayesh |  |\n| Sanghrajka, CF | O. “In line w | ith our Capita | l Allocation P | olicy, we hav | e announced | a share b | uyback for |  |\n| `18,000 crores d | uring the qua | rter and an in | terim dividen | d of `23 per sh | are, an incre | ase of 9.5 | % over last |  |\n| fiscal”, he added | . |  |  |  |  |  |  |  |\n| Infosys Limited – Press | Release |  |  |  |  |  | Page 1 of 8 |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 34, "section": "$1.1 Bn", "subsection": "We had robust all-round performance in Q2 - strong growth, resilient margins, very high cash generation \nand 13.1% EPS growth year on year in rupee terms. We continue to make strategic investments to \nfutureproof the business with a tight focus on execution, amidst high uncertainty”, said Jayesh \nSanghrajka, CFO. “In line with our Capital Allocation Policy, we have announced a share buyback for \n`18,000 crores during the quarter and an interim dividend of `23 per share, an increase of 9.5% over last \nfiscal”, he added.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "a67aa94e316162fe", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Press Release > • \nInfosys transformed ABN AMRO’s lending process with nCino platform implementation by \nconsolidating multiple legacy systems into a single, unified platform. Hans-Willem Giesen, \nIT Lead–Credits, ABN AMRO, said, “The transition to the nCino Platform, facilitated by our \npartners like Infosys, has brought about a significant shift in how we manage our lending \nprocess. This solution will improve operational efficiency, enhance our collateral \nmanagement capabilities, and provide our customers with a faster, more transparent \nexperience. As we look to the future, this platform will be a cornerstone of our continued \ngrowth and transformation.” \n• \nInfosys collaborated with Mastercard to offer financial institutions enhanced access \nto Mastercard Move, its portfolio of money movement capabilities, and thereby scale cross-\nborder payments. Pratik Khowala, EVP and Global Head of Transfer Solutions, \nMastercard, said, “Through Mastercard Move’s cutting-edge solutions, we empower \nindividuals and organizations to move money quickly and securely across borders. The \nstrategic collaboration with Infosys provides financial institutions with easy access to these \ncapabilities, enabling them to facilitate fast, secure and reliable cross-border payments for \ntheir customers while enhancing control of risk, operations, costs and liquidity for \nthemselves. Together with Infosys, we’re helping financial institutions deliver the seamless \ndigital payments experiences today’s customers expect.” \n• \nInfosys extended its strategic collaboration with Sunrise to accelerate its IT transformation, \nwith a strong focus on data security, operational agility, and future AI integration. Anna \nMaria Blengino, CIO, Sunrise, said, \"Through our strategic collaboration with Infosys, we \nare consolidating our technology landscape and infusing it with AI, putting enhanced \ncustomer experience at the heart of this transition. The Sunrise and Infosys teams are \nworking side by side with a true one-team mindset to design and deliver platforms that are \nmore agile, predictive, and scalable.” \n• \nInfosys announced a joint venture with Telstra, in Australia, by acquiring 75% of the \nshareholding in Versent Group, a wholly owned subsidiary of Telstra Group, to propel AI-\nenabled cloud and digital solutions for enterprises. Vicki Brady, Chief Executive Officer, \nTelstra, said, “Our collaboration with Infosys reflects our confidence in the value we can \nunlock together. Their global scale, deep industry knowledge, and culture of innovation and \nservice excellence will be instrumental in accelerating Versent Group’s growth and impact \nacross the region.” \n• \nInfosys collaborated with RWE AG to drive automated digital workplace transformation and \nimprove operational efficiency. Gülnaz Öneş, Group CIO of RWE, said, “By leveraging \nmodern technologies and aligning them with our sustainability and efficiency goals, we are \nstreamlining operations, empowering our people, and creating value across RWE. Our \ncollaboration with trusted partners like Infosys underscores our commitment to a resilient, \nagile digital workplace that drives sustainable growth.” \n• \nInfosys collaborated with HanesBrands Inc to unlock hyper productivity and AI-driven \nefficiency in the digital, business applications, and data landscape. Scott Pleiman, Chief \nStrategy, Transformation, Analytics and Technology Officer, HanesBrands, said, “As \nwe continue to evolve our operational model, we sought an experienced collaborator with \ndeep domain expertise and advanced capabilities in AI-driven transformation. Infosys’ AI-\nfirst approach and proven ability to scale innovation aligned with our long-term vision for \nagility, efficiency and customer-centricity.” \n• \nInfosys collaborated with AGCO to deliver IT and HR operations transformation with an \nefficient and future-ready operational framework for growth. Viren Shah, Chief Digital & | Page: 35\n\n| • | Infosys transfo | rmed ABN A | MRO’s lendin | g process | with nCino pla | tform imp | lementation by |\n|---|---|---|---|---|---|---|---|\n|  | consolidating | multiple lega | cy systems int | o a single, | unified platfor | m. Hans- | Willem Giesen, |\n|  | IT Lead–Cred | its, ABN AM | RO, said, “The | transition | to the nCino P | latform, f | acilitated by our |\n|  | partners like I | nfosys, has b | rought about | a significa | nt shift in how | we mana | ge our lending |\n|  | process. This | solution | will improve | operation | al efficiency, | enhance | our collateral |\n|  | management | capabilities, | and provide | our custo | mers with a f | aster, mo | re transparent |\n|  | experience. A | s we look to | the future, thi | s platform | will be a corn | erstone o | f our continued |\n|  | growth and tra | nsformation. | ” |  |  |  |  |\n| • | Infosys collab | orated with | Mastercard t | o offer f | inancial institu | tions enh | anced access |\n|  | to Mastercard | Move, its por | tfolio of mone | y moveme | nt capabilities, | and there | by scale cross- |\n|  | border payme | nts. Pratik | Khowala, EV | P and | Global Head | of Trans | fer Solutions, |\n|  | Mastercard, | said, “Throu | gh Mastercar | d Move’s | cutting-edge | solutions, | we empower |\n|  | individuals an | d organizatio | ns to move m | oney qui | ckly and secur | ely acros | s borders. The |\n|  | strategic colla | boration with | Infosys provid | es financi | al institutions w | ith easy a | ccess to these |\n|  | capabilities, en | abling them | to facilitate fa | st, secure | and reliable cr | oss-borde | r payments for |\n|  | their custome | rs while en | hancing cont | rol of ris | k, operations, | costs an | d liquidity for |\n|  | themselves. T | ogether with | Infosys, we’re | helping fi | nancial instituti | ons delive | r the seamless |\n|  | digital paymen | ts experienc | es today’s cus | tomers ex | pect.” |  |  |\n| • | Infosys extend | ed its strateg | ic collaboratio | n with Su | nrise to accele | rate its IT | transformation, |\n|  | with a strong | focus on da | ta security, op | erational | agility, and fut | ure AI int | egration. Anna |\n|  | Maria Blengin | o, CIO, Sun | rise, said, \"Th | rough our | strategic colla | boration w | ith Infosys, we |\n|  | are consolidat | ing our tec | hnology lands | cape and | infusing it wi | th AI, put | ting enhanced |\n|  | customer exp | erience at th | e heart of thi | s transitio | n. The Sunrise | and Info | sys teams are |\n|  | working side b | y side with a | true one-team | mindset | to design and | deliver pla | tforms that are |\n|  | more agile, pre | dictive, and | scalable.” |  |  |  |  |\n| • | Infosys annou | nced a join | t venture with | Telstra, | in Australia, b | y acquiri | ng 75% of the |\n|  | shareholding i | n Versent Gr | oup, a wholly | owned su | bsidiary of Tel | stra Grou | p, to propel AI- |\n|  | enabled cloud | and digital s | olutions for en | terprises. | Vicki Brady, | Chief Exe | cutive Officer, |\n|  | Telstra, said, | “Our collabo | ration with Inf | osys refle | cts our confide | nce in the | value we can |\n|  | unlock togethe | r. Their glob | al scale, deep | industry k | nowledge, and | culture of | innovation and |\n|  | service excelle | nce will be i | nstrumental in | accelerat | ing Versent Gr | oup’s gro | wth and impact |\n|  | across the reg | ion.” |  |  |  |  |  |\n| • | Infosys collabo | rated with R | WE AG to driv | e automa | ted digital work | place tran | sformation and |\n|  | improve opera | tional efficie | ncy. Gülnaz | Öneş, Gr | oup CIO of R | WE, said, | “By leveraging |\n|  | modern techn | ologies and a | ligning them w | ith our su | stainability an | d efficienc | y goals, we are |\n|  | streamlining o | perations, e | mpowering ou | r people, | and creating | value acr | oss RWE. Our |\n|  | collaboration w | ith trusted p | artners like In | fosys und | erscores our c | ommitmen | t to a resilient, |\n|  | agile digital wo | rkplace that | drives sustain | able grow | th.” |  |  |\n| • | Infosys collab | orated with | HanesBrands | Inc to u | nlock hyper pr | oductivity | and AI-driven |\n|  | efficiency in th | e digital, bu | siness applicat | ions, and | data landscap | e. Scott | Pleiman, Chief |\n|  | Strategy, Tra | nsformation | , Analytics an | d Techn | ology Officer, | HanesBr | ands, said, “As |\n|  | we continue to | evolve our | operational m | odel, we s | ought an expe | rienced c | ollaborator with |\n|  | deep domain | expertise an | d advanced ca | pabilities | in AI-driven tra | nsformati | on. Infosys’ AI- |\n|  | first approach | and proven | ability to scale | innovati | on aligned with | our long | -term vision for |\n|  | agility, efficien | cy and custo | mer-centricity. | ” |  |  |  |\n| • | Infosys collab | orated with | AGCO to deliv | er IT and | HR operation | s transfor | mation with an |\n|  | efficient and f | uture-ready o | perational fra | mework fo | r growth. Vire | n Shah, | Chief Digital & |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 35, "section": "Press Release", "subsection": "• \nInfosys transformed ABN AMRO’s lending process with nCino platform implementation by \nconsolidating multiple legacy systems into a single, unified platform. Hans-Willem Giesen, \nIT Lead–Credits, ABN AMRO, said, “The transition to the nCino Platform, facilitated by our \npartners like Infosys, has brought about a significant shift in how we manage our lending \nprocess. This solution will improve operational efficiency, enhance our collateral \nmanagement capabilities, and provide our customers with a faster, more transparent \nexperience. As we look to the future, this platform will be a cornerstone of our continued \ngrowth and transformation.” \n• \nInfosys collaborated with Mastercard to offer financial institutions enhanced access \nto Mastercard Move, its portfolio of money movement capabilities, and thereby scale cross-\nborder payments. Pratik Khowala, EVP and Global Head of Transfer Solutions, \nMastercard, said, “Through Mastercard Move’s cutting-edge solutions, we empower \nindividuals and organizations to move money quickly and securely across borders. The \nstrategic collaboration with Infosys provides financial institutions with easy access to these \ncapabilities, enabling them to facilitate fast, secure and reliable cross-border payments for \ntheir customers while enhancing control of risk, operations, costs and liquidity for \nthemselves. Together with Infosys, we’re helping financial institutions deliver the seamless \ndigital payments experiences today’s customers expect.” \n• \nInfosys extended its strategic collaboration with Sunrise to accelerate its IT transformation, \nwith a strong focus on data security, operational agility, and future AI integration. Anna \nMaria Blengino, CIO, Sunrise, said, \"Through our strategic collaboration with Infosys, we \nare consolidating our technology landscape and infusing it with AI, putting enhanced \ncustomer experience at the heart of this transition. The Sunrise and Infosys teams are \nworking side by side with a true one-team mindset to design and deliver platforms that are \nmore agile, predictive, and scalable.” \n• \nInfosys announced a joint venture with Telstra, in Australia, by acquiring 75% of the \nshareholding in Versent Group, a wholly owned subsidiary of Telstra Group, to propel AI-\nenabled cloud and digital solutions for enterprises. Vicki Brady, Chief Executive Officer, \nTelstra, said, “Our collaboration with Infosys reflects our confidence in the value we can \nunlock together. Their global scale, deep industry knowledge, and culture of innovation and \nservice excellence will be instrumental in accelerating Versent Group’s growth and impact \nacross the region.” \n• \nInfosys collaborated with RWE AG to drive automated digital workplace transformation and \nimprove operational efficiency. Gülnaz Öneş, Group CIO of RWE, said, “By leveraging \nmodern technologies and aligning them with our sustainability and efficiency goals, we are \nstreamlining operations, empowering our people, and creating value across RWE. Our \ncollaboration with trusted partners like Infosys underscores our commitment to a resilient, \nagile digital workplace that drives sustainable growth.” \n• \nInfosys collaborated with HanesBrands Inc to unlock hyper productivity and AI-driven \nefficiency in the digital, business applications, and data landscape. Scott Pleiman, Chief \nStrategy, Transformation, Analytics and Technology Officer, HanesBrands, said, “As \nwe continue to evolve our operational model, we sought an experienced collaborator with \ndeep domain expertise and advanced capabilities in AI-driven transformation. Infosys’ AI-\nfirst approach and proven ability to scale innovation aligned with our long-term vision for \nagility, efficiency and customer-centricity.” \n• \nInfosys collaborated with AGCO to deliver IT and HR operations transformation with an \nefficient and future-ready operational framework for growth. Viren Shah, Chief Digital &", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "cb596a4bc1b2f781", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Press Release > • \nBrand & Corporate | Page: 36\n\n| I | nformation Officer, | AGCO Cor | poration, said | , \"At AGCO, w | e’re committ | ed to delivering |\n|---|---|---|---|---|---|---|\n|  | excellence in everyth | ing we do, a | lways putting | Farmers First. | Collaboratin | g with Infosys is |\n| i | ntended to enable | us to create | a responsiv | e, streamlined | and innova | tive operational |\n|  | ecosystem within IT | and other f | unctions that | allows our tea | ms to focus | on critical and |\n|  | strategic initiatives th | at center on | the farmer.” |  |  |  |\n|  | Uniting Financial Serv | ices (UFS), | Australia, sub | scribed to Infos | ys Finacle’s | Digital Banking |\n|  | SaaS suite on AWS | cloud, in a m | ove that was | completed in l | ess than fiv | e months. John |\n|  | McComb, Chief Risk | Officer and | Acting CEO, | Uniting Finan | cial Service | s, said, “We are |\n|  | delighted to announc | e the succ | essful go-live | of the Finacle | platform. O | ur goal was to |\n|  | modernise our core b | anking and | digital capabil | ities to enhanc | e the experi | ence for clients. |\n|  | With Infosys Finacle, | we have foun | d a long-term | technology part | ner, with the | ability to deliver |\n|  | a future-ready platfor | m that mee | ts the needs | of our operatio | ns today an | d supports our |\n|  | ambitions for tomorro | w in a rapidl | y evolving fina | ncial services l | andscape.” |  |\n| I | nfosys collaborated w | ith Glion Ar | ena Kobe as t | heir official digita | l innovation | and GX partner |\n| t | o power smart and s | ustainable e | ntertainment | experiences. Ju | n Shibuya, | President and |\n|  | Representative Dire | ctor, One B | right KOBE | Corporation, s | aid, “Glion K | obe Arena is a |\n|  | new landmark com | memorating | the 30th a | nniversary of | the Great | Hanshin-Awaji |\n|  | Earthquake. Our vi | sion for the | arena is t | o become a | pioneering | next-generation |\n|  | entertainment venue, | offering spe | ctacular event | s while operatin | g sustainabl | y. We are happy |\n| t | o announce our agre | ement with | Infosys as ou | r official digital | innovation a | nd GX partner. |\n|  | Leveraging Infosys' | innovative | solutions will | help us agg | regate data | , utilize cloud |\n| t | echnologies, explore | new revenu | e opportunitie | s, and deliver a | seamless e | xperience for all |\n|  | our fans and visitors.” |  |  |  |  |  |\n| itio | ns & Awards |  |  |  |  |  |\n| d | & Corporate |  |  |  |  |  |\n| • | Infosys honored wit | h awards at | 'The Asset C | orporate Sustai | nability Lea | dership Awards |\n|  | 2025'. Categories inc | lude the 'Pla | tinum Award | for Excellence’ | and 'Best In | vestor Relations |\n|  | Team' |  |  |  |  |  |\n| • | Recognized as one | of the Worl | d's Best Com | panies 2025 b | y TIME and | Statista for its |\n|  | excellence in employ | ee satisfacti | on, revenue g | rowth, and sust | ainability tra | nsparency |\n| • | Recognized among | the World’s | Most Trustw | orthy Companie | s 2025 by | Newsweek and |\n|  | Statista |  |  |  |  |  |\n| • | Recognized as one | of the Best C | ompanies for | Women in Indi | a in the Hall | of Fame for the |\n|  | seventh consecutive | year and th | e 2025 Avtar & | Seramount Be | st Compani | es for Women in |\n|  | India in the IT sector |  |  |  |  |  |\n| • | Honored with the Ex | emplars of I | nclusion in th | e Most Inclusive | Companie | s Index 2025 by |\n|  | Avtar & Seramount |  |  |  |  |  |\n| • | Recognized among t | he top 10 in | the newly lau | nched category | of Best Com | panies for ESG |\n|  | in India in 2025 by A | vtar & Seram | ount |  |  |  |\n| • | Infosys Foundation | & Infosys E | SG Annual R | eport FY24-25 | received th | e Gold Stevie® |\n|  | Award in the catego | ries of ‘Bes | t Annual Rep | ort - Non-Profit | Organizati | ons’ and ‘Other |\n|  | Publication - Compa | ny’. Infosys | Integrated R | eport secured t | he Silver St | evie® Award for |\n|  | ‘Best Annual Repo | rt - Publicly | -Held Corpor | ations’ at the | 22nd Annu | al International |\n|  | Business Awards® |  |  |  |  |  |\n| • | Infosys BPM receive | d the 9th E | dition Women | Empowerment | Summit an | d GIWL Awards |\n|  | for ‘Best Organizatio | n for Women | Empowerme | nt’ |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 36, "section": "Press Release", "subsection": "• \nBrand & Corporate", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "19485a092d5a23d8", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Press Release > • \nPositioned as a leader in Gartner: Magic Quadrant and Critical Capabilities for Public Cloud \nIT Transformation Services \n• \nPositioned as a leader in Gartner: Emerging Market Quadrant for Generative AI Consulting \nand Implementation Services (Innovation Guide for Generative AI Consulting and \nImplementation Services) \n• \nRecognized as a leader in IDC MarketScape: Asia Pacific Oracle Implementation Services \n2025 Vendor Assessment \n• \nRecognized as a leader in IDC MarketScape: Worldwide Artificial Intelligence Services \n2025 \n• \nRecognized as a leader in IDC MarketScape: Worldwide Life Science R&D AI and GenAI \nin Clinical Trials 2025       \n• \nRecognized as a leader in Constellation ShortList: Artificial Intelligence and Machine \nLearning Best-of-Breed Platforms \n• \nRecognized as a leader in Constellation ShortList: AI-Driven Cognitive Applications \n• \nInfosys EdgeVerve recognized as the ‘Company of the Year’ with Silver Stevie® Awards in \ntwo categories: i) Artificial Technology for the flagship platform, Infosys EdgeVerve AI Next, \nand ii) Business Technology for enterprise transformation \n \n• \nKey Digital Services | Page: 37\n\n|  | • | Infosys BPM rece | ived t | he 20th Editio | n Future of L | &D Summit | and Awards 2 | 025 for ‘Best |\n|---|---|---|---|---|---|---|---|---|\n|  |  | Digital Learning i | nitiative | ’ |  |  |  |  |\n|  | • | Infosys BPM rec | eived | the Brandon | Hall HCM E | xcellence L | earning and | Development |\n|  |  | Awards for ‘Best | Learni | ng Strategy’ |  |  |  |  |\n| • AI | and | Cloud Services |  |  |  |  |  |  |\n|  | • | Positioned as a le | ader in | Gartner: Mag | ic Quadrant a | nd Critical C | apabilities for | Public Cloud |\n|  |  | IT Transformation | Servi | ces |  |  |  |  |\n|  | • | Positioned as a le | ader in | Gartner: Eme | rging Market | Quadrant f | or Generative | AI Consulting |\n|  |  | and Implementa | tion S | ervices (Inno | vation Guide | for Gene | rative AI Co | nsulting and |\n|  |  | Implementation S | ervice | s) |  |  |  |  |\n|  | • | Recognized as a | leader | in IDC Market | Scape: Asia | Pacific Orac | le Implementa | tion Services |\n|  |  | 2025 Vendor Ass | essme | nt |  |  |  |  |\n|  | • | Recognized as a | leade | r in IDC Mark | etScape: W | orldwide Art | ificial Intellige | nce Services |\n|  |  | 2025 |  |  |  |  |  |  |\n|  | • | Recognized as a | leader | in IDC Marke | tScape: Worl | dwide Life S | cience R&D | AI and GenAI |\n|  |  | in Clinical Trials 2 | 025 |  |  |  |  |  |\n|  | • | Recognized as a | lead | er in Constell | ation ShortLi | st: Artificial | Intelligence | and Machine |\n|  |  | Learning Best-of- | Breed | Platforms |  |  |  |  |\n|  | • | Recognized as a | leader | in Constellatio | n ShortList: | AI-Driven C | ognitive Applic | ations |\n|  | • | Infosys EdgeVerv | e reco | gnized as the | ‘Company of | the Year’ w | ith Silver Stev | ie® Awards in |\n|  |  | two categories: i) | Artifici | al Technology | for the flagsh | ip platform, I | nfosys EdgeV | erve AI Next, |\n|  |  | and ii) Business T | echno | logy for enterp | rise transfor | mation |  |  |\n| • Ke | y Di | gital Services |  |  |  |  |  |  |\n|  | • | Recognized as a | leader | in IDC Marke | tScape: India | IT/Digital T | ransformation | Services for |\n|  |  | Public Sector 202 | 5 Vend | or Assessmen | t |  |  |  |\n|  | • | Recognized as a l | eader | in IDC Market | Scape: Worl | dwide IT an | d Engineering | Services for |\n|  |  | Software-Defined | Vehicle | s 2025 Vendo | r Assessme | nt |  |  |\n|  | • | Recognized as a | lead | er in IDC Ma | rketScape: | Worldwide | Industrial IoT | End-to-End |\n|  |  | Engineering and L | ife-Cyc | le Services 2 | 025 Vendor A | ssessment |  |  |\n|  | • | Rated as a leader | in Eve | rest Group: Mi | crosoft Busin | ess Applicat | ion Services | PEAK Matrix® |\n|  |  | Assessment 2025 |  |  |  |  |  |  |\n|  | • | Rated as a leade | r in E | verest Group: | Global Digit | al Workplac | e Services P | EAK Matrix® |\n|  |  | Assessments 202 | 5 |  |  |  |  |  |\n|  | • | Rated as a leader | in Eve | rest Group: 5 | G Engineerin | g Services | PEAK Matrix | ® Assessment |\n|  |  | 2025 |  |  |  |  |  |  |\n|  | • | Rated as a lead | er in | Everest Grou | p: Network | Engineering | Services P | EAK Matrix® |\n|  |  | Assessment 2025 |  |  |  |  |  |  |\n|  | • | Rated as a lead | er in | Everest Gro | up: Net-Zero | Consulting | Services P | EAK Matrix® |\n|  |  | Assessment 2025 |  |  |  |  |  |  |\n|  | • | Recognized as a l | eader i | n HFS Horizo | ns: Digital Ma | rketing and | Sales Service | s, 2025 |\n|  | • | Recognized as a l | eader i | n HFS Horizo | ns: Cybersec | urity Service | s, 2025 |  |\n|  | • | Positioned as a le | ader in | NelsonHall: S | erviceNow S | ervices 202 | 5 NEAT |  |\n|  | • | Recognized as a | leader | in Constellati | on ShortList: | Customer | Experience (C | X) Design & |\n|  |  | Execution Service | s - Glo | bal |  |  |  |  |\n| Infosys Li | mited | – Press Release |  |  |  |  |  | Page 4 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 37, "section": "Press Release", "subsection": "• \nPositioned as a leader in Gartner: Magic Quadrant and Critical Capabilities for Public Cloud \nIT Transformation Services \n• \nPositioned as a leader in Gartner: Emerging Market Quadrant for Generative AI Consulting \nand Implementation Services (Innovation Guide for Generative AI Consulting and \nImplementation Services) \n• \nRecognized as a leader in IDC MarketScape: Asia Pacific Oracle Implementation Services \n2025 Vendor Assessment \n• \nRecognized as a leader in IDC MarketScape: Worldwide Artificial Intelligence Services \n2025 \n• \nRecognized as a leader in IDC MarketScape: Worldwide Life Science R&D AI and GenAI \nin Clinical Trials 2025       \n• \nRecognized as a leader in Constellation ShortList: Artificial Intelligence and Machine \nLearning Best-of-Breed Platforms \n• \nRecognized as a leader in Constellation ShortList: AI-Driven Cognitive Applications \n• \nInfosys EdgeVerve recognized as the ‘Company of the Year’ with Silver Stevie® Awards in \ntwo categories: i) Artificial Technology for the flagship platform, Infosys EdgeVerve AI Next, \nand ii) Business Technology for enterprise transformation \n \n• \nKey Digital Services", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "4178a79dd29b33e5", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Press Release > • \nRecognized as a leader in IDC MarketScape: Worldwide Life Sciences Healthcare Provider \n(HCP) Engagement Services 2025 \n• \nRecognized as a leader in HFS Horizons: The Best Service Providers for Mortgage \nReinvention, 2025 \n• \nPositioned as a leader in NelsonHall: Transforming Mortgage & Loan Services 2025 NEAT \n• \nInfosys Finacle recognized as a leader in IDC MarketScape: Worldwide Corporate Loan \nOrigination Systems 2025 Vendor Assessment  \n• \nInfosys Finacle recognized as a leader in IDC MarketScape: Worldwide Corporate Loan \nLifecycle Management 2025 Vendor Assessment \n• \nInfosys Finacle along with its customers received three awards at the MEA Finance Leaders \nin Payments Awards 2025 for Best Real-Time Payments Implementation - Qatar National \nBank, Best Real-Time Payments Provider - Infosys Finacle, and Best Instant Payments \nTechnology Solution - Infosys Finacle \n• \nInfosys Finacle along with its customers received three awards at the Finnovex Awards \nSaudi Arabia 2025 for Excellence in Digital Transformation - Arab National Bank, Excellence \nin Digital Corporate Banking - Banque Saudi Fransi, and Excellence in Composable Banking \nPlatforms - Infosys Finacle | Page: 38\n\n|  | • | Recognized as | a leader | in Constellation | ShortList: | Digital Trans | formation Servic | es (DTX) - |\n|---|---|---|---|---|---|---|---|---|\n|  |  | Global |  |  |  |  |  |  |\n|  | • | Recognized as | a leader | in Constellation | ShortList: | Customer E | xperience (CX) | Operations |\n|  |  | Services - Glob | al |  |  |  |  |  |\n|  | • | Recognized as | a leader | in Constellation | ShortList fo | r ER&D |  |  |\n|  | • | Recognized as | a leader | in Constellation | ShortList: A | I Services - | Global |  |\n|  | • | Recognized as | leader in | Avasant Utilities | Digital Se | rvices 2025 | RadarView™ |  |\n|  | • | Recognized as | leader | in Avasant Glo | bal Comp | etency Cen | ter (GCC) Ser | vices 2025 |\n|  |  | RadarView™ |  |  |  |  |  |  |\n|  | • | Infosys China re | cognize | d as the ‘Leading | Digital Ser | vice Provide | rs 2025 - Top 10 | 0’ by China |\n|  |  | Council for Inte | rnational | Investment Pro | motion |  |  |  |\n| • Ind | ustr | y & Solutions |  |  |  |  |  |  |\n|  | • | Recognized as | a leader | in IDC MarketSc | ape: World | wide Life Sci | ences Healthca | re Provider |\n|  |  | (HCP) Engage | ment Ser | vices 2025 |  |  |  |  |\n|  | • | Recognized as | a lead | er in HFS Hori | zons: The | Best Servic | e Providers for | Mortgage |\n|  |  | Reinvention, 20 | 25 |  |  |  |  |  |\n|  | • | Positioned as a | leader i | n NelsonHall: Tra | nsforming | Mortgage & | Loan Services 2 | 025 NEAT |\n|  | • | Infosys Finacle | recogni | zed as a leader | in IDC M | arketScape: | Worldwide Cor | porate Loa |\n|  |  | Origination Sys | tems 202 | 5 Vendor Asses | sment |  |  |  |\n|  | • | Infosys Finacle | recogni | zed as a leader | in IDC M | arketScape: | Worldwide Cor | porate Loa |\n|  |  | Lifecycle Mana | gement 2 | 025 Vendor Ass | essment |  |  |  |\n|  | • | Infosys Finacle | along wi | th its customers | received th | ree awards | at the MEA Fina | nce Leade |\n|  |  | in Payments A | wards 20 | 25 for Best Re | al-Time Pa | yments Impl | ementation - Q | atar Nation |\n|  |  | Bank, Best Re | al-Time | Payments Provi | der - Infos | ys Finacle, | and Best Insta | nt Paymen |\n|  |  | Technology Sol | ution - In | fosys Finacle |  |  |  |  |\n|  | • | Infosys Finacle | along w | ith its customer | s received | three award | s at the Finnov | ex Awards |\n|  |  | Saudi Arabia 20 | 25 for E | xcellence in Digit | al Transfor | mation - Arab | National Bank, | Excellence |\n|  |  | in Digital Corpo | rate Ban | king - Banque Sa | udi Fransi, | and Excellen | ce in Composa | ble Banking |\n|  |  | Platforms - Info | sys Fina | cle |  |  |  |  |\n| Read m | ore | about our Awa | rds & Re | cognitions here. |  |  |  |  |\n| Infosys Li | mited | – Press Release |  |  |  |  |  | Page 5 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 38, "section": "Press Release", "subsection": "• \nRecognized as a leader in IDC MarketScape: Worldwide Life Sciences Healthcare Provider \n(HCP) Engagement Services 2025 \n• \nRecognized as a leader in HFS Horizons: The Best Service Providers for Mortgage \nReinvention, 2025 \n• \nPositioned as a leader in NelsonHall: Transforming Mortgage & Loan Services 2025 NEAT \n• \nInfosys Finacle recognized as a leader in IDC MarketScape: Worldwide Corporate Loan \nOrigination Systems 2025 Vendor Assessment  \n• \nInfosys Finacle recognized as a leader in IDC MarketScape: Worldwide Corporate Loan \nLifecycle Management 2025 Vendor Assessment \n• \nInfosys Finacle along with its customers received three awards at the MEA Finance Leaders \nin Payments Awards 2025 for Best Real-Time Payments Implementation - Qatar National \nBank, Best Real-Time Payments Provider - Infosys Finacle, and Best Instant Payments \nTechnology Solution - Infosys Finacle \n• \nInfosys Finacle along with its customers received three awards at the Finnovex Awards \nSaudi Arabia 2025 for Excellence in Digital Transformation - Arab National Bank, Excellence \nin Digital Corporate Banking - Banque Saudi Fransi, and Excellence in Composable Banking \nPlatforms - Infosys Finacle", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "6e41ed8b60b426e8", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Press Release > Safe Harbor | Page: 39\n\n| About Infosys |  |  |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|\n| Infosys is a global | leader in | next-generation d | igita | l services a | nd |  |  |  |\n| consulting. Over 3 | 20,000 of | our people work | to | amplify hum | an |  |  |  |\n| potential and creat | e the next | opportunity for p | eop | le, business | es |  |  |  |\n| and communities. | We enabl | e clients in 59 co | untri | es to naviga | te |  |  |  |\n| their digital transfo | rmation. W | ith over four dec | ades | of experien | ce |  |  |  |\n| in managing the s | ystems an | d workings of glo | bal e | nterprises, | we |  |  |  |\n| expertly steer clien | ts, as they | navigate their di | gital | transformati | on |  |  |  |\n| powered by cloud | and AI. W | e enable them w | ith a | n AI-first co | re, |  |  |  |\n| empower the bus | iness wit | h agile digital at | sc | ale and dri | ve |  |  |  |\n| continuous improv | ement wi | th always-on lea | rnin | g through t | he |  |  |  |\n| transfer of digital s | kills, expe | rtise, and ideas f | rom | our innovati | on |  |  |  |\n| ecosystem. We ar | e deeply c | ommitted to bein | g a | well-govern | ed, |  |  |  |\n| environmentally s | ustainable | organization wh | ere | diverse tale | nt |  |  |  |\n| thrives in an inclusi | ve workpla | ce. |  |  |  |  |  |  |\n| Visit www.infosys.c | om to see | how Infosys (NS | E, B | SE, NYSE: |  |  |  |  |\n| INFY) can help you | r enterpris | e navigate your n | ext. |  |  |  |  |  |\n| Safe Harbor |  |  |  |  |  |  |  |  |\n| Certain statement | s in this r | elease concernin | g o | ur future gr | owth pros | pects, our f | uture financi | al or operating |\n| performance, the M | cCamish | cybersecurity inci | dent | , and the Un | ited State | s H-1B visa | program are | forward looking |\n| statements intende | d to qualif | y for the 'safe harb | or' u | nder the Pri | vate Secu | rities Litigatio | n Reform Ac | t of 1995, which |\n| involve a number o | f risks and | uncertainties that | coul | d cause actu | al results | or outcomes | to differ mate | rially from those |\n| in such forward-loo | king state | ments. The risks | and | uncertaintie | s relating | to these sta | tements incl | ude, but are not |\n| limited to, risks and | uncertain | ties regarding the | exe | cution of our | business | strategy, inc | reased comp | etition for talent, |\n| our ability to attrac | t and reta | in personnel, incr | ease | in wages, | investmen | ts to reskill | our employe | es, our ability to |\n| effectively implem | ent a hybri | d working model, | ec | onomic unce | rtainties a | nd geo-polit | ical situation | s, technological |\n| disruptions and in | novations | such as Generat | ive | AI, the com | plex and | evolving reg | ulatory land | scape including |\n| immigration regula | tion chang | es, our ESG vis | ion, | our capital | allocation | policy and | expectations | concerning our |\n| market position, fut | ure operat | ions, margins, pr | ofita | bility, liquidit | y, capital r | esources, ou | r corporate a | ctions including |\n| acquisitions, the ou | tcome of p | ending litigation, t | he a | mount of an | y addition | al costs resul | ting directly o | r indirectly from |\n| the McCamish cyb | ersecurity | incident, the out | com | e of the gov | ernment i | nvestigation, | the timing, | implementation, |\n| duration and effect | of the Sep | tember 19, 2025 | proc | lamation sig | ned by th | e president o | f the United | States related to |\n| the H-1B visa progr | am, and th | e effect of current | and | any future ta | riffs. Impo | rtant factors | that may cau | se actual results |\n| or outcomes to diff | er from tho | se implied by the | for | ward-looking | statemen | ts are discus | sed in more | detail in our US |\n| Securities and Exc | hange Co | mmission filings i | nclu | ding our Ann | ual Repor | t on Form 2 | 0-F for the fi | scal year ended |\n| March 31, 2025. Th | ese filings | are available at w | ww | .sec.gov. Inf | osys may, | from time to | time, make a | dditional written |\n| and oral forward-lo | oking state | ments, including s | tate | ments conta | ined in the | Company's | filings with th | e Securities and |\n| Exchange Commis | sion and o | ur reports to shar | ehol | ders. The C | ompany d | oes not unde | rtake to upd | ate any forward- |\n| looking statements | that may b | e made from time | to t | ime by or on | behalf of | the Compan | y unless it is | required by law. |\n| Contact |  |  |  |  |  |  |  |  |\n| Investor Relations | Sand | eep Mahindroo |  |  |  |  |  |  |\n|  | +91 | 80 3980 1018 |  |  |  |  |  |  |\n|  | Sand | eep_Mahindroo@ | info | sys.com |  |  |  |  |\n| Media Relations | Rish | i Basu |  |  |  |  |  |  |\n|  | +91 | 80 4156 3998 |  |  |  |  |  |  |\n|  | Raja | rshi.Basu@infosy | s.co | m |  |  |  |  |\n| Infosys Limited – Press | Release |  |  |  |  |  |  | Page 6 of 8 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 39, "section": "Press Release", "subsection": "Safe Harbor", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "45d44f9e2be68f84", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Press Release | Page: 40\n\n|  |  |  |  |  |  | IFRS | – | USD |\n|---|---|---|---|---|---|---|---|---|\n|  |  |  |  |  |  | Press R | ele | ase |\n| nfosys Limite | d and sub | sidiaries |  |  |  |  |  |  |\n| xtracted from | the Cond | ensed Consolidated | Balance Sheet under IFR | S as at: |  | (Dollars | in mi | llions) |\n|  |  |  |  | September 30 | , 202 | 5 March | 31, 2 | 025 |\n| ASSETS |  |  |  |  |  |  |  |  |\n| Current assets |  |  |  |  |  |  |  |  |\n| Cash and cash | equivalents |  |  |  | 3,58 | 5 |  | 2,861 |\n| Current investm | ents |  |  |  | 1,42 | 0 |  | 1,460 |\n| Trade receivable | s |  |  |  | 3,82 | 6 |  | 3,645 |\n| Unbilled revenu | e |  |  |  | 1,61 | 2 |  | 1,503 |\n| Other current as | sets |  |  |  | 1,47 | 0 |  | 1,890 |\n| Total current a | ssets |  |  |  | 11,91 | 3 |  | 11,359 |\n| Non-current as | sets |  |  |  |  |  |  |  |\n| Property, plant a | nd equipm | ent and Right-of-use as | sets |  | 2,17 | 2 |  | 2,235 |\n| Goodwill and oth | er Intangib | le assets |  |  | 1,65 | 2 |  | 1,505 |\n| Non-current inve | stments |  |  |  | 1,22 | 5 |  | 1,294 |\n| Unbilled revenu | e |  |  |  | 26 | 0 |  | 261 |\n| Other non-curre | nt assets |  |  |  | 84 | 2 |  | 765 |\n| Total non-curre | nt assets |  |  |  | 6,15 | 1 |  | 6,060 |\n| Total assets |  |  |  |  | 18,06 | 4 |  | 17,419 |\n| LIABILITIES AN | D EQUITY |  |  |  |  |  |  |  |\n| Current liabiliti | es |  |  |  |  |  |  |  |\n| Trade payables |  |  |  |  | 43 | 2 |  | 487 |\n| Unearned reven | ue |  |  |  | 1,01 | 6 |  | 994 |\n| Employee benef | it obligation | s |  |  | 37 | 5 |  | 340 |\n| Other current lia | bilities and | provisions |  |  | 3,40 | 1 |  | 3,191 |\n| Total current li | abilities |  |  |  | 5,22 | 4 |  | 5,012 |\n| Non-current lia | bilities |  |  |  |  |  |  |  |\n| Lease liabilities |  |  |  |  | 67 | 4 |  | 675 |\n| Other non-curre | nt liabilities |  |  |  | 47 | 9 |  | 477 |\n| Total non-curre | nt liabilitie | s |  |  | 1,15 | 3 |  | 1,152 |\n| Total liabilities |  |  |  |  | 6,37 | 7 |  | 6,164 |\n| Total equity att | ributable t | o equity holders of th | e company |  | 11,63 | 4 |  | 11,205 |\n| Non-controlling i | nterests |  |  |  | 5 | 3 |  | 50 |\n| Total equity |  |  |  |  | 11,68 | 7 |  | 11,255 |\n| Total liabilities | and equity |  |  |  | 18,06 | 4 |  | 17,419 |\n| xtracted from | the Cond | ensed Consolidated | statement of Comprehen | sive Income u | nder | IFRS for: |  |  |\n|  |  |  |  | (Dollars in millio | ns ex | cept per equity | share | data) |\n|  |  | 3 mon | ths ended 3 months | ended 6 mo | nths | ended 6 mo | nths | ended |\n|  |  | Sep | tember 30, Septem | ber 30, Se | ptem | ber 30, Se | ptem | ber 30, |\n|  |  |  | 2025 | 2024 |  | 2025 |  | 2024 |\n| Revenues |  |  | 5,076 | 4,894 |  | 10,018 |  | 9,608 |\n| Cost of sales |  |  | 3,516 | 3,400 |  | 6,933 |  | 6,659 |\n| Gross profit |  |  | 1,560 | 1,494 |  | 3,085 |  | 2,949 |\n| Operating expe | nses: |  |  |  |  |  |  |  |\n| Selling and ma | rketing exp | enses | 254 | 221 |  | 512 |  | 454 |\n| Administrative | expenses |  | 241 | 240 |  | 480 |  | 469 |\n| Total operating e | xpenses |  | 495 | 461 |  | 992 |  | 923 |\n| Operating profi | t |  | 1,065 | 1,033 |  | 2,093 |  | 2,026 |\n| Other income, n | et (3) |  | 100 | 72 |  | 210 |  | 160 |\n| Profit before in | come taxe | s | 1,165 | 1,105 |  | 2,303 |  | 2,186 |\n| Income tax expe | nse |  | 325 | 327 |  | 654 |  | 644 |\n| Net profit (befo | re minority | interest) | 840 | 778 |  | 1,649 |  | 1,542 |\n| Net profit (after | non-controll | ing interest) | 839 | 777 |  | 1,647 |  | 1,540 |\n| Basic EPS ($) |  |  | 0.20 | 0.19 |  | 0.40 |  | 0.37 |\n| Diluted EPS ($) |  |  | 0.20 | 0.19 |  | 0.40 |  | 0.37 |\n| nfosys Limited – P | ress Release |  |  |  |  |  | Pag | e 7 of 8 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 40, "section": "Press Release", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "170acaba909bb0ae", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Press Release | Page: 41\n\n| 1. | The above | information is e | xtracted from the audited condensed consolidated | Balance sheet and | Statement |\n|---|---|---|---|---|---|\n|  | of Compreh | ensive Income | for the quarter ended September 30, 2025, which | have been taken o | n record at |\n|  | the Board | meeting held on | October 16, 2025. |  |  |\n| 2. | A Fact She | et providing the | operating metrics of the Company can be downlo | aded from www.info | sys.com. |\n| 3. | Other inco | me is net of Fina | nce Cost. |  |  |\n| 4. | As the qua | rter and six mon | ths ended figures are taken from the source and | rounded to the nea | rest digits, |\n|  | the quarter | figures in this | statement added up to the figures reported for th | e previous quarter | might not |\n|  | always add | up to the six m | onths ended figures reported in this statement. |  |  |\n| Infosys Li | mited – Press | Release |  |  | Page 8 of 8 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 41, "section": "Press Release", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "118fe2742e57574d", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and six months ended September 30, 2025 | Page: 45\n\n| ex |  | Page No. |\n|---|---|---|\n| dens | ed Conso | lidated Balance Sheet………………………………………………………………………………1 |\n| dens | ed Conso | lidated Statement of Comprehensive Income………………………………………………………2 |\n| dens | ed Conso | lidated Statement of Changes in Equity ……………………………………..……………………3 |\n| dens | ed Conso | lidated Statement of Cash Flows……………………………………………………………………5 |\n| rvie | w and No | tes to the Interim Condensed Consolidated Financial Statements |\n| verv | iew |  |\n| 1.1 C | ompany | overview …………………………………………………….……………………………………6 |\n| 1.2 B | asis of pr | eparation of financial statements …………………………………………………….……………6 |\n| 1.3 B | asis of co | nsolidation……………………………………………………………………………… 6 |\n| 1.4 U | se of esti | mates and judgments…………………………………………………………………. 6 |\n| 1.5 C | ritical ac | counting estimates and judgments…………………………………………………… 6 |\n| 1.6 R | ecent acc | ounting pronouncements…………………………………………………………….. 7 |\n| otes | to the In | terim Condensed Consolidated Financial Statements |\n| 2.1 C | ash and c | ash equivalents ……………………………………………………………………….. 8 |\n| 2.2 I | nvestmen | ts…………………………………………………………………………………………….. 8 |\n| 2.3 F | inancial i | nstruments………………………………………………………………………………. 9 |\n| 2.4 P | repayme | nts and other assets………………………………………………………………………. 12 |\n| 2.5 O | ther liabi | lities……………………………………………………………………………………….. 13 |\n| 2.6 P | rovisions | and other contingencies…………………………………………………………………………1…4 |\n| 2.7 P | roperty, p | lant and equipment……………………………………………………………………….. 15 |\n| 2.8 L | eases… | …………………..……………………………………………………………………….. 17 |\n| 2.9 G | oodwill a | nd Intangible assets...……………………………………………………………..... 20 |\n| 2.10 | Business | combinations ………………………………...………………………………………. 21 |\n| 2.11 | Employe | es' Stock Option Plans (ESOP)……………………………………………………………………22 |\n| 2.12 | Income T | axes……………………………………………………………………………………. 24 |\n| 2.13 | Earnings | per equity share……………………………………………………………………………………24 |\n| 2.14 | Related p | arty transactions…………………………………………………………………………………2…5 |\n| 2.15 | Segment | reporting…………………………………………………………………………………………26 |\n| 2.16 | Revenue | from Operations…………………………………………………………………………………2..8 |\n| 2.17 | Unbilled | Revenue……………………………………………………………………………….. 29 |\n| 2.18 | Equity… | ………………….………………………………………………………………………… 30 |\n| 2.19 | Break-up | of expenses and other income, net………………...……………………………………………3…2 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 45, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "075afd7baf7c5931", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and six months ended September 30, 2025 | Page: 46\n\n| Current income tax liabilities Unearned revenue Employee benefit obligations Provisions Other current liabilities Total current liabilities Non-current liabilities Lease liabilities Deferred income tax liabilitie Employee benefit obligations Other non-current liabilities Total Non-current liabilitie Total liabilities Equity Share capital - ₹5 ($0.16) outstanding4,145,309,946 ( shares as at September 30, 20 Share premium Retained earnings Cash flow hedge reserves Other reserves Capital redemption reserve Other components of equity Total equity attributable to Non-controlling interests Total equity Total liabilities and equity The accompanying notes for As per our report of even dat for Deloitte Haskins & Sells Chartered Accountants | s s par value 4, 4,143,607,52 25 (March 31 equity holde m an integral e attached LLP | 800,000,000 (4,80 8)equitysharesfu , 2025) rs of the Compan part of the interim | 0,000,000) equityshares authori llypaidup,netof 9,091,403(9,6 y condensed consolidated financial for and on behalf of the Board of D | zed, issued and 55,927)treasury statements. irectors of Infosys Li | mited | 2.12 2.6 2.5 2.8 2.12 2.5 2.18 | 630 1,016 375 184 2,219 5,224 674 190 12 277 1,153 6,377 325 547 14,664 (1) 865 24 (4,790) 11,634 53 11,687 18,064 | 567 994 340 173 2,157 5,012 675 202 11 264 1,152 6,164 325 500 13,766 (2) 1,171 24 (4,579) 11,205 50 11,255 17,419 |\n|---|---|---|---|---|---|---|---|---|\n| Firm’s Registration No: 117366W/ W-100018 Vikas Bagaria |  |  | Nandan M. Nilekani |  | Salil P Chief | arekh Executive Officer | Bobby Parikh |  |\n| Partner Membership No. 060408 Bengaluru |  |  | Chairman Jayesh Sanghrajka |  | and M A.G.S. | anaging Director Manikantha | Director |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 46, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "8f22f26fde45f2ec", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and six months ended September 30, 2025 | Page: 47\n\n| Profit before inc Income tax expen Net profit Other comprehe Items that will no Remeasurement o Equity instrument Items that will be Fair value change Fair value change Exchange differe Total other com Total comprehe Profit attributab Owners of the Co Non-controlling i Total comprehe Owners of the Co Non-controlling i Earnings per eq | ome taxes se nsive incom t be reclassi f the net de s through o reclassified s on investm s on derivat nces on tran prehensive nsive incom le to: mpany nterests nsive incom mpany nterests uity share | e fied subsequen fined benefit lia ther comprehen subsequently t ents, net ives designated slation of forei income/(loss), e e attributable | tly to bilit sive o pro as c gn op net o to: | profit or loss y/asset, net income, net fit or loss ash flow hedge, erations f tax | net | 2.12 | 1,165 325 840 (5) (1) (6) (4) - (290) (294) (300) 540 839 1 840 538 2 540 |  | 1,105 327 778 10 (1) 9 10 (3) 17 24 33 811 777 1 778 809 2 811 | 2,303 654 1,649 (13) 3 (10) 10 1 (210) (199) (209) 1,440 1,647 2 1,649 1,437 3 1,440 | 2,186 644 1,542 12 1 13 15 (3) 6 18 31 1,573 1,540 2 1,542 1,570 3 1,573 |\n|---|---|---|---|---|---|---|---|---|---|---|---|\n| Basic ($) Diluted ( Weighted averag share Basic (in Diluted ( The accompanyin As per our report for Deloitte Hask Chartered Accou | $) e equity sh shares) in shares) g notes for of even dat ins & Sells ntants | ares used in c m an integral p e attached LLP | omp art o | uting earnings f the interim co | per equity ndensed consolidate for and on behalf of | 2.13 4,145,20 2.13 4,151,31 d financial statements. the Board of Directors of Info | 0.20 0.20 8,267 5,578 sys Limited | 4,141,80 4,150,53 | 0.19 0.19 6,535 7,764 | 0.40 0.40 4,144,593,296 4,151,441,800 | 0.37 0.37 4,141,043,772 4,150,210,087 |\n| Firm’s Registratio 117366W/ W-10 Vikas Bagaria | n No: 0018 |  |  |  | Nandan M. Nilekan | i | Salil Parek Chief Execu | h tive Office | r | Bobby Parikh |  |\n| Partner Membership No. Bengaluru | 060408 |  |  |  | Chairman Jayesh Sanghrajka |  | and Managi A.G.S. Ma | ng Directo nikantha | r | Director |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 47, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "8428bb7cdf7690ba", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and six months ended September 30, 2025 | Page: 49\n\n| Infosys Limited and subsidiaries Condensed Consolidated Statement of Changes in Equity (Dollars in millions except equity share data) Total equity Capital Other Non- Share Share Retained Other Cash flow attributable to equity Number of Shares(1) capital premium earnings reserves(2) redemption hedge reserve components holders of the controlling Total equity reserve of equity interest Company Balance as at April 1, 2025 4,143,607,528 325 500 13,766 1,171 24 (2) (4,579) 11,205 50 11,255 Changes in equity for the six months ended September 30, 2025 Net profit - - - 1,647 - - - - 1,647 2 1,649 Remeasurement of the net defined benefit liability/asset, net* - - - - - - - (13) (13) - (13 Equity instruments through other comprehensive income, net* - - - - - - - 3 3 - 3 Fair value changes on derivatives designated as Cash flow hedge, net* - - - - - - 1 - 1 - 1 Exchange differences on translation of foreign operations - - - - - - - (211) (211) 1 (210 Fair value changes on investments, net* - - - - - - - 10 10 - 10 |\n|---|\n| Total comprehensive income for the period - - - 1,647 - - 1 (211) 1,437 3 1,440 Shares issued on exercise of employee stock options (Refer to note 2.11) 1,702,418 - - - - - - - - - Financial liability under option arrangements - - - (1) - - - - (1) - (1 Changes in the controlling stake of a subsidiary - - - 1 - - - - 1 - 1 Employee stock compensation expense (Refer to note 2.11) - - 53 - - - - - 53 - 53 Transferred on account of options not exercised - - (7) 7 - - - - - - Income tax benefit arising on exercise of stock options (Refer to note 2.12) - - 1 - - - - - 1 - 1 Transferred from other reserves on utilization - - - 47 (47) - - - - - Transferred from other reserves to retained earnings - - - 259 (259) - - - - - Dividends# - - - (1,062) - - - - (1,062) - (1,062 Balance as at September 30, 2025 4,145,309,946 325 547 14,664 865 24 (1) (4,790) 11,634 53 11,687 * net of tax # net of treasury shares (1) excludes treasury shares of 9,091,403 as at September 30, 2025, 9,655,927 as at April 1, 2025, 10,237,261 as at September 30, 2024 and 10,916,829 as at April 1, 2024 held by consolidated trust. (2)RepresentstheSpecialEconomicZoneRe-investmentreservecreatedoutoftheprofitoftheeligibleSEZunitintermsoftheprovisionsofSec10AA(1)(ii)ofIncomeTaxAct,1961.ThereserveshouldbeutilizedbytheGroupforacquiring new plant and machinery for the purpose of its business in terms of the provisions of the Sec 10AA(2) of the Income Tax Act, 1961. The accompanying notes form an integral part of the interim condensed consolidated financial statements. As per our report of even date attached for and on behalf of the Board of Directors of Infosys Limited |\n| for Deloitte Haskins & Sells LLP Chartered Accountants Firm’s Registration No: 117366W/ W-100018 Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh |\n| Partner Chairman Chief Executive Officer Director Membership No. 060408 and Managing Director Bengaluru Jayesh Sanghrajka A.G.S. Manikantha |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 49, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "e7d06d98adb5637e", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and six months ended September 30, 2025 | Page: 50\n\n| Interest and dividen Payment for acquis Payment of conting Other receipts Payments to acquir Liquid mutual Certificates of Quoted debt se Commercial p Other investm Proceeds on sale of Liquid mutual Certificates of Quoted debt se Commercial p Net cash generate Financing activitie Payment of lease lia Payment of dividen Loan repayment of Other payments Net cash used in fi Net increase/(decre Effect of exchange Cash and cash equi Cash and cash equ Supplementary inf Restricted cash bala The accompanying As per our report o for Deloitte Haskin Chartered Account Firm’s Registration 117366W/ W-1000 Vikas Bagaria Partner | d received ition of business ent consideratio e Investments funds units deposit curities aper ents investments funds units deposit curities aper d from investin s bilities ds in-tech Holding nancing activit ase) in cash and rate changes on valents at the be ivalents at the ormation: nce notes form an in f even date attac s & Sells LLP ants No: 18 | , net of cash a n pertaining to g activities GmbH ies cash equivale cash and cash ginning of the end of the pe tegral part of hed | cquired acquisition of business nts equivalents period riod the interim condensed co | nsolidated fi for and o Nandan M. Chairman | nancial statements. n behalf of the Board of Directors of Infosys L Nilekani Salil P Chief | 2 . 1 0 2.1 2.1 2.1 imited arekh Executive Officer | 65 (76) (1) 1 (4,161) (824) (367) (310) (3) 3,801 675 711 539 (139) (159) (1,063) - (21) (1,243) 758 (34) 2,861 3,585 46 Bobby Directo | ( (4, ( ( ( 4 ( (1, ( (1, 1 2 Parikh r | 65 377) - - 010) 225) 126) 266) (2) ,069 475 148 854 462 142) 386) 118) (32) 678) 834 (6) ,773 ,601 49 |\n|---|---|---|---|---|---|---|---|---|---|\n| Membership No. 06 Bengaluru | 0408 |  |  | Jayesh Sang | and M hrajka A.G.S | anaging Director . Manikantha |  |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 50, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ba32ddf9b308476a", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and six months ended September 30, 2025 | Page: 51\n\n| INFOSYS LIMITED AND SUBSIDIARIES |\n|---|\n| Overview and Notes to the Interim Condensed Consolidated Financial Statements |\n| 1. Overview |\n| 1.1 Company overview InfosysLimited('theCompany'orInfosys)providesconsulting,technology,outsourcingandnext-generationdigitalservices,toenableclientstoexecutestrategiesfortheirdigital |\n| transformation.Infosysstrategicobjectiveistobuildasustainableorganizationthatremainsrelevanttotheagendaofclients,whilecreatinggrowthopportunitiesforemployeesand generating profitable returns for investors. Infosys strategy is to be a navigator for our clients as they ideate, plan and execute on their journey to a digital future. |\n| Infosys together with its subsidiaries and controlled trusts is herein after referred to as the \"Group\". ThecompanyisapubliclimitedcompanyincorporatedanddomiciledinIndiaandhasitsregisteredofficeatElectronicscity,HosurRoad,Bengaluru560100,Karnataka,India.The |\n| companyhasitsprimarylistingsontheBSELtd.andNationalStockExchangeofIndiaLimited.Thecompany’sAmericanDepositaryShares(ADS)representingequitysharesare listed on the New York Stock Exchange (NYSE). |\n| The Group's interim condensed consolidated financial statements are approved for issue by the company's Board of Directors on October 16, 2025. |\n| 1.2 Basis of preparation of financial statements TheinterimcondensedconsolidatedfinancialstatementshavebeenpreparedincompliancewithIAS34,InterimFinancialReportingasissuedbyInternationalAccountingStandards Board,underthehistoricalcostconventiononaccrualbasisexceptforcertainfinancialinstrumentswhicharemeasuredatfairvaluesanddefinedbenefitliability/(asset)whichis recognizedatthepresentvalueofdefinedbenefitobligationlessfairvalueofplanassets.Accordingly,theseinterimcondensedconsolidatedfinancialstatementsdonotincludeallthe |\n| informationrequiredforacomplete setoffinancialstatements. Theseinterimcondensedconsolidated financialstatements shouldbe readinconjunctionwiththeconsolidated financialstatementsandrelatednotesincludedinthecompany’sAnnualReportonForm20-FfortheyearendedMarch31,2025.Accountingpolicieshavebeenconsistentlyapplied except where a newly issued accounting standard is initially adopted or a revision to an existing accounting standard requires a change in the accounting policy hitherto in use. |\n| The material accounting policy information used in preparation of the audited interim condensed consolidated financial statements have been discussed in the respective notes. Asthequarterandyeartodatefiguresaretakenfromthesourceandroundedtothenearestdigits,thequarterfiguresinthisstatementaddeduptothefiguresreportedfortheprevious |\n| quarters might not always add up to the year to date figures reported in this statement. |\n| 1.3 Basis of consolidation Infosysconsolidatesentitieswhichitownsorcontrols.Theinterimcondensedconsolidatedfinancialstatementscomprisethefinancialstatementsofthecompany,itscontrolledtrusts anditssubsidiaries.Controlexistswhentheparenthaspowerovertheentity,isexposed,orhasrightstovariablereturnsfromitsinvolvementwiththeentityandhastheabilityto |\n| affectthosereturnsbyusingitspowerovertheentity.Powerisdemonstratedthroughexistingrightsthatgivetheabilitytodirectrelevantactivities,thosewhichsignificantlyaffect the entity's returns. Subsidiaries are consolidated from the date control commences until the date control ceases. The financialstatements ofthe Groupcompanies are consolidated ona line-by-line basis and intra-groupbalancesand transactionsincludingunrealizedgain/loss fromsuch |\n| transactionsareeliminateduponconsolidation.ThesefinancialstatementsarepreparedbyapplyinguniformaccountingpoliciesinuseattheGroup.Non-controllinginterestswhich represent part of the net profit or loss and net assets of subsidiaries that are not, directly or indirectly, owned or controlled by the company, are excluded. |\n| 1.4 Use of estimates and judgments ThepreparationoftheInterimcondensedconsolidatedfinancialstatementsinconformitywithIFRSrequiresManagementtomakeestimates,judgmentsandassumptions.These estimates,judgmentsandassumptionsaffecttheapplicationofaccountingpoliciesandthereportedamountsofassetsandliabilities,thedisclosuresofcontingentassetsandliabilities atthedateoftheinterimcondensedconsolidatedfinancialstatementsandreportedamountsofrevenuesandexpensesduringtheperiod.Theapplicationofaccountingpoliciesthat |\n| requirecriticalaccountingestimatesinvolvingcomplexandsubjectivejudgmentsandtheuseofassumptionsinthesefinancialstatementshavebeendisclosedinNote1.5.Accounting estimatescouldchangefromperiodtoperiod.Actualresultscoulddifferfromthoseestimates.AppropriatechangesinestimatesaremadeasManagementbecomesawareofchanges incircumstancessurroundingtheestimates.Changesinestimatesandjudgementsarereflectedinthefinancialstatementsintheperiodinwhichchangesaremadeand,ifmaterial, their effects are disclosed in the notes to the interim condensed consolidated financial statements. |\n| 1.5 Critical accounting estimates and judgments a. Revenue recognition TheGroup’scontractswithcustomersincludepromisestotransfermultipleproductsandservicestoacustomer.Revenuesfromcustomercontractsareconsideredforrecognitionand measurementwhenthecontracthasbeenapproved,inwriting,bythepartiestothecontract,thepartiestocontractarecommittedtoperformtheirrespectiveobligationsunderthe contract,andthecontractislegallyenforceable.TheGroupassessestheservicespromisedinacontractandidentifiesdistinctperformanceobligationsinthecontract.Identificationof distinctperformanceobligationstodeterminethedeliverablesandtheabilityofthecustomertobenefitindependentlyfromsuchdeliverables,andallocationoftransactionpriceto |\n| these distinct performance obligations involves significant judgement. Fixedpricemaintenancerevenueisrecognizedratablyonastraight-linebasiswhenservicesareperformedthroughanindefinitenumberofrepetitiveactsoveraspecifiedperiod. Revenuefromfixedpricemaintenancecontractisrecognizedratablyusingapercentageofcompletionmethodwhenthepatternofbenefitsfromtheservicesrenderedtothecustomer andGroup’scoststofulfilthecontractisnoteventhroughtheperiodofthecontractbecausetheservicesaregenerallydiscreteinnatureandnotrepetitive.Theuseofmethodto recognize the maintenance revenues requires judgment and is based on the promises in the contract and nature of the deliverables. TheGroupusesthepercentage-of-completionmethodinaccountingforotherfixed-pricecontracts.Useofthepercentage-of-completionmethodrequirestheGrouptodeterminethe actualeffortsorcostsexpendedtodateasaproportionoftheestimatedtotaleffortsorcoststobeincurred.Effortsorcostsexpendedhavebeenusedtomeasureprogresstowards |\n| completionasthereisadirectrelationshipbetweeninputandproductivity.Theestimationoftotaleffortsorcostsinvolvessignificantjudgementandisassessedthroughouttheperiod of the contract to reflect any changes based on the latest available information. Contractswithcustomersincludessubcontractorservicesorthird-partyvendorequipmentorsoftwareincertainintegratedservicesarrangements.Inthesetypesofarrangements, revenuefromsalesofthird-partyvendorproductsorservicesisrecordednetofcostswhentheGroupisactingasanagentbetweenthecustomerandthevendor,andgrosswhenthe Group is the principal for the transaction. In doing so, the Group first evaluates whether it obtains control of the specified goods or services before they are transferred to the customer. TheGroupconsiderswhetheritisprimarilyresponsibleforfulfillingthepromisetoprovidethespecifiedgoodsorservices,inventoryrisk,pricingdiscretionandotherfactorsto |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 51, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "933209db5c160448", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and six months ended September 30, 2025 | Page: 52\n\n| b. Income taxes |\n|---|\n| The Group's two major tax jurisdictions are India and the United States, though the company also files tax returns in other overseas jurisdictions. |\n| Significant judgments are involved in determining the provision for income taxes, including amount expected to be paid/recovered for uncertain tax positions.(cid:9) Inassessingtherealizabilityofdeferredincometaxassets,Managementconsiderswhethersomeportionorallofthedeferredincometaxassetswillnotberealized.Theultimate realizationofdeferred income taxassetsis dependentuponthegenerationoffuture taxableincome duringthe periodsinwhichthe temporarydifferences becomedeductible. Managementconsidersthescheduledreversalsofdeferredincometaxliabilities,projectedfuturetaxableincomeandtaxplanningstrategiesinmakingthisassessment.Basedonthe |\n| levelofhistoricaltaxableincomeandprojectionsforfuturetaxableincomeovertheperiodsinwhichthedeferredincometaxassetsaredeductible,Managementbelievesthatthe groupwillrealizethebenefitsofthosedeductibledifferences.Theamountofthedeferredincometaxassetsconsideredrealizable,however,couldbereducedintheneartermif estimates of future taxable income during the carry forward period are reduced. (Refer to note 2.12) |\n| c. Business combinations and intangible assets BusinesscombinationsareaccountedforusingIFRS3(Revised),BusinessCombinations.IFRS3requiresustofairvalueidentifiableintangibleassetsandcontingentconsideration toascertainthenetfairvalueofidentifiableassets,liabilitiesandcontingentliabilitiesoftheacquiree.Thesevaluationsareconductedbyexternalvaluationexperts.Estimatesare |\n| requiredtobemadeindeterminingthevalueofcontingentconsideration,valueofoptionarrangementsandintangibleassets.Thesemeasurementsarebasedoninformationavailable at the acquisition date and are based on expectations and assumptions that have been deemed reasonable by Management. (Refer to note 2.10 and 2.9.2) |\n| d. Property, plant and equipment Property,plantandequipmentrepresentasignificantproportionoftheassetbaseoftheGroup.Thechargeinrespectofperiodicdepreciationisderivedafterdetermininganestimate ofanasset’sexpectedusefullifeandtheexpectedresidualvalueattheendofitslife.TheusefullivesandresidualvaluesofGroup'sassetsaredeterminedbyManagementatthetime |\n| theassetisacquiredandreviewedperiodically,includingateachfinancialyearend.Thelivesarebasedonhistoricalexperiencewithsimilarassetsaswellasanticipationoffuture events, which may impact their life, such as changes in technology (Refer to note 2.7) e. Impairment of Goodwill Goodwillistestedforimpairmentonanannualbasisandwheneverthereisanindicationthattherecoverableamountofacashgeneratingunit(CGUs)islessthanit’scarrying |\n| amount.Fortheimpairmenttest,goodwillisallocatedtotheCGUorgroupsofCGUswhichbenefitfromthesynergiesoftheacquisitionandwhichrepresentthelowestlevelat which goodwill is monitored for internal management purposes. TherecoverableamountofCGUsisdeterminedbasedonhigherofvalue-in-useandfairvaluelesscosttosell.Keyassumptionsinthecashflowprojectionsarepreparedbasedon |\n| current economic conditions and comprises estimated long term growth rates, weighted average cost of capital and estimated operating margins. (Refer to note 2.9.1) |\n| 1.6 Recent accounting pronouncements |\n| New and revised IFRS Standards in issue but not yet effective: IFRS 18 Presentation and Disclosures in Financial Statements Presentation and Disclosures in Financial Statements Amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures Amendments to the Classification and Measurement of Financial Instruments |\n| Amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures Contracts Referencing Nature-dependent Electricity |\n| IFRS 18 – Presentation and Disclosures in Financial Statements OnApril9,2024,IASBhasissuedIFRS18–PresentationandDisclosuresinFinancialStatementsthatwillreplaceIAS1PresentationofFinancialStatementsfromitseffectivedate. IFRS18introducesnewrequirementsforinformationpresentedintheprimaryfinancialstatementsanddisclosedinthenotes.Thenewrequirementsarefocusedonthestatementof |\n| profitorloss.IFRS18introducesthreecategoriesforincomeandexpenses,thatis,operating,investingandfinancingtoimprovethestructureoftheincomestatement.IFRS18is effective for annual reporting periods beginning on or after January 1, 2027, although early adoption is permitted. The Group is yet to evaluate the impact of the amendment. |\n| Amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures OnMay30,2024,IASBhasissuedamendmentstoIFRS9FinancialInstrumentsandIFRS7FinancialInstruments:Disclosures,whichclarifiestheclassificationoffinancialassets withenvironmental,socialandcorporategovernance(ESG)andsimilarfeatures,derecognitionoffinancialliabilitysettledthroughelectronicpaymentsystemsandalsointroduces |\n| additionaldisclosurerequirementstoenhancetransparencyforinvestorsregardinginvestmentsinequityinstrumentsdesignatedatfairvaluethroughothercomprehensiveincomeand financial instruments with contingent features. TheeffectivedateforadoptionoftheseamendmentsisannualreportingperiodsbeginningonorafterJanuary1,2026,althoughearlyadoptionispermitted.TheGroupisyetto |\n| evaluate the impact of these amendments. OnDecember18,2024,IASBhasissuedamendmentstoIFRS9FinancialInstrumentsandIFRS7FinancialInstruments:Disclosures,relatingtofactorsanentityisrequiredto considerinassessingtheown-userequirementsforcontractstobuyandtakedeliveryofnature-dependentrenewableelectricity;hedgeaccountingtreatmentfornature-dependent |\n| renewable electricity and related disclosures. TheeffectivedateforadoptionoftheseamendmentsisannualreportingperiodsbeginningonorafterJanuary1,2026,althoughearlyadoptionispermitted.TheGrouphasevaluated |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 52, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "5735c2efb499101c", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and six months ended September 30, 2025 | Page: 53\n\n| As at Particulars September 30, 2025 March 31, 2025 Cash and bank deposits 3,585 2,861 Total Cash and cash equivalents 3,585 2,861 CashandcashequivalentsasatSeptember30,2025andMarch31,2025includerestrictedcashandbankbalancesof$46millionand$50million,respectively.Therestrictionsareprimarilyon |\n|---|\n| account of bank balances held by irrevocable trusts controlled by the company. |\n| The deposits maintained by the Group with banks comprise of time deposits, which can be withdrawn by the Group at any point without prior notice or penalty on the principal. 2.2 Investments The carrying value of the investments are as follows: (Dollars in millions) Particulars As at |\n| September 30, 2025 March 31, 2025 (i) Current Investments Amortized Cost Quoted debt securities 8 20 Fair Value through other comprehensive income Quoted Debt Securities 81 375 |\n| Certificates of deposits 551 410 Commercial Paper 195 426 Fair Value through profit or loss |\n| Liquid mutual fund units 585 229 Total current investments 1,420 1,460 (ii) Non-current Investments Amortized Cost |\n| Quoted debt securities 49 173 Fair Value through other comprehensive income Quoted debt securities 1,065 1,014 |\n| Quoted equity securities 9 7 Unquoted equity and preference securities 20 20 Fair Value through profit or loss Target maturity fund units 54 54 |\n| Unquoted equity and preference securities 3 3 Others(1) 25 23 |\n| Total Non-current investments 1,225 1,294 |\n| Total investments 2,645 2,754 Investments carried at amortized cost 57 193 Investments carried at fair value through other comprehensive income 1,921 2,252 |\n| Investments carried at fair value through profit or loss 667 309 (1) Uncalled capital commitments outstanding as on September 30, 2025 and March 31, 2025 was $12 million and $14 million, respectively. |\n| Refer to note 2.3 for accounting policies on financial instruments. Method of fair valuation: (Dollars in millions) Class of Investment Method Fair value as at September 30, 2025 March 31, 2025 Liquid mutual fund units - carried at fair value through profit or loss Quoted price 5 85 2 29 Target maturity fund units - carried at fair value through profit or loss Quoted price 5 4 5 4 Quoted debt securities- carried at amortized cost Quoted price and market observable inputs 5 8 2 13 Quoted debt securities- carried at fair value through other comprehensive income Quoted price and market observable inputs 1 ,146 1 ,389 |\n| Commercial Paper - carried at fair value through other comprehensive income Market observable inputs 1 95 4 26 Certificates of Deposit - carried at fair value through other comprehensive income Market observable inputs 5 51 4 10 Discounted cash flows method, Market Unquoted equity and preference securities - carried at fair value through profit or loss 3 3 multiples method, Option pricing model Unquoted equity and preference securities - carried at fair value through other Discounted cash flows method, Market 2 0 2 0 comprehensive income multiples method, Option pricing model Quoted equity securities - carried at fair value through other comprehensive income Quoted price 9 7 Discounted cash flows method, Market Others - carried at fair value through profit or loss 2 5 2 3 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 53, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "70d8b3f1a40c095c", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and six months ended September 30, 2025 | Page: 54\n\n| Accounting Policy 2.3.1 Initial recognition TheGrouprecognizesfinancialassetsandfinancialliabilitieswhenitbecomesapartytothecontractualprovisionsoftheinstrument.Allfinancialassetsandliabilitiesarerecognizedatfair |\n|---|\n| valueoninitialrecognition,exceptfortradereceivableswhichareinitiallymeasuredattransactionprice.Transactioncoststhataredirectlyattributabletotheacquisitionorissueoffinancial assetsandfinancialliabilities,whicharenotatfairvaluethroughprofitorloss,areaddedtothefairvalueoninitialrecognition.Regularwaypurchaseandsaleoffinancialassetsare accounted for at trade date. |\n| 2.3.2 Subsequent measurement |\n| a. Non-derivative financial instruments (i) Financial assets carried at amortized cost |\n| Afinancialassetissubsequentlymeasuredatamortizedcostifitisheldwithinabusinessmodelwhoseobjectiveistoholdtheassetinordertocollectcontractualcashflowsandthe contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. |\n| (ii) Financial assets carried at fair value through other comprehensive income (FVOCI) Afinancialassetissubsequentlymeasuredatfairvaluethroughothercomprehensiveincomeifitisheldwithinabusinessmodelwhoseobjectiveisachievedbybothcollectingcontractual cashflowsandsellingfinancialassetsandthecontractualtermsofthefinancialassetgiveriseonspecifieddatestocashflowsthataresolelypaymentsofprincipalandinterestonthe |\n| principalamountoutstanding.TheGrouphasmadeanirrevocableelectionforcertaininvestmentswhichareclassifiedasequityinstrumentstopresentthesubsequentchangesinfairvaluein other comprehensive income based on its business model. |\n| (iii) Financial assets carried at fair value through profit or loss (FVTPL) |\n| A financial asset which is not classified in any of the above categories is subsequently fair valued through profit or loss. |\n| (iv) Financial liabilities Financialliabilitiesaresubsequentlycarriedatamortizedcostusingtheeffectiveinterestmethod,exceptforcontingentconsiderationandfinancialliabilityunderoptionarrangements |\n| recognized in a business combination which is subsequently measured at fair value through profit or loss. |\n| b. Derivative financial instruments TheGroupholdsderivativefinancialinstrumentssuchasforeignexchangeforwardandoptioncontractstomitigatetheriskofchangesinexchangeratesonforeigncurrencyexposures.The |\n| counterparty for such contracts is generally a bank. |\n| (i) Financial assets or financial liabilities, carried at fair value through profit or loss This category includes derivative financial assets or liabilities which are not designated as hedges. AlthoughtheGroupbelievesthatthesederivativesconstitutehedgesfromaneconomicperspective,theymaynotqualifyforhedgeaccountingunderIFRS9,FinancialInstruments.Any derivativethatiseithernotdesignatedashedge,orissodesignatedbutisineffectiveasperIFRS9,iscategorizedasafinancialassetorfinancialliabilitycarriedatfairvaluethroughprofitor loss. Derivativesnotdesignatedashedgesarerecognizedinitiallyatfairvalueandattributabletransactioncostsarerecognizedinnetprofitintheconsolidatedstatementofcomprehensiveincome whenincurred.Subsequenttoinitialrecognition,thesederivativesaremeasuredatfairvaluethroughprofitorlossandtheresultingexchangegainsorlossesareincludedinotherincome. |\n| Assets/liabilitiesinthiscategoryarepresentedascurrentassets/currentliabilitiesiftheyareeitherheldfortradingorareexpectedtoberealizedwithin12monthsafterthebalancesheet date. (ii) Cash flow hedge PrimarilytheGroupdesignatescertainforeignexchangeforwardandoptionscontractsascashflowhedgestomitigatetheriskofforeignexchangeexposureonhighlyprobableforecastcash transaction. Whenaderivativeisdesignatedasacashflowhedginginstrument,theeffectiveportionofchangesinthefairvalueofthederivativeisrecognizedinothercomprehensiveincomeand accumulatedinthecashflowhedgingreserve.Anyineffectiveportionofchangesinthefairvalueofthederivativeisrecognizedimmediatelyinthenetprofitintheinterimconsolidated statementofcomprehensiveincome.Ifthehedginginstrumentnolongermeetsthecriteriaforhedgeaccounting,thenhedgeaccountingisdiscontinuedprospectively.Ifthehedging instrumentexpiresorissold,terminatedorexercised,thecumulativegainorlossonthehedginginstrumentrecognizedincashflowhedgingreservetilltheperiodthehedgewaseffective |\n| remainsincashflowhedgingreserveuntiltheforecastedtransactionoccurs.Thecumulativegainorlosspreviouslyrecognizedinthecashflowhedgingreserveistransferredtothenetprofit intheconsolidatedstatementofcomprehensiveincomeupontheoccurrenceoftherelatedforecastedtransaction.Iftheforecastedtransactionisnolongerexpectedtooccur,thentheamount accumulated in cash flow hedging reserve is reclassified to net profit in the interim condensed consolidated statement of comprehensive income. 2.3.3 Derecognition of financial instruments TheGroupderecognizesafinancialassetwhenthecontractualrightstothecashflowsfromthefinancialassetexpireorittransfersthefinancialassetandthetransferqualifiesfor derecognitionunderIFRS9.Afinancialliability(orapartofafinancialliability)isderecognizedfromthegroup'sbalancesheetwhentheobligationspecifiedinthecontractisdischargedor |\n| cancelled or expires. 2.3.4 Fair value of financial instruments Indeterminingthefairvalueofitsfinancialinstruments,theGroupusesavarietyofmethodsandassumptionsthatarebasedonmarketconditionsandrisksexistingateachreportingdate. |\n| Themethodsusedtodeterminefairvalueincludediscountedcashflowanalysis,optionpricingmodel,marketmultiples,availablequotedmarketpricesanddealerquotes.Allmethodsof assessing fair value result in general approximation of value, and such value may never actually be realized. Refertotable‘Financialinstrumentsbycategory’belowforthedisclosureoncarryingvalueandfairvalueoffinancialassetsandliabilities.Forfinancialassetsandliabilitiesmaturingwithin |\n| one year from the Balance Sheet date and which are not carried at fair value, the carrying amounts approximate fair value due to the short maturity of these instruments. 2.3.5 Impairment TheGrouprecognizeslossallowancesusingtheexpectedcreditloss(ECL)modelforthefinancialassetsandunbilledrevenuewhicharenotfairvaluedthroughprofitorloss. Loss |\n| allowancefortradereceivablesandunbilledrevenueswithnosignificantfinancingcomponentismeasuredatanamountequaltolifetimeECL.Forallotherfinancialassets,expectedcredit lossesaremeasuredatanamountequaltothe12-monthECL,unlesstherehasbeenasignificantincreaseincreditriskfrominitialrecognitioninwhichcasethosearemeasuredatlifetime ECL. TheGroupdeterminestheallowanceforcreditlossesbasedonhistoricallossexperienceadjustedtoreflectcurrentandestimatedfutureeconomicconditions.TheGroupconsiderscurrent |\n| and anticipated future economic conditions relating to industries the Group deals with and the countries where it operates. TheamountofECL(orreversal)thatisrequiredtoadjustthelossallowanceatthereportingdatetotheamountthatisrequiredtoberecordedisrecognizedasanimpairmentlossorgainin |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 54, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "db5731e5ea771957", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and six months ended September 30, 2025 | Page: 55\n\n| (Dollars in millions) Financial assets / liabilities at Financial assets / liabilities at fair fair value through profit or loss value through OCI Particulars Amortized Designated Equity Total carrying value Total fair value cost instruments |\n|---|\n| upon initial Mandatory Mandatory designated upon recognition initial recognition Assets: Cash and cash equivalents (Refer to note 2.1) 3,585 - - - - 3,585 3,585 Investments (Refer to note 2.2) Liquid mutual fund units - - 585 - - 585 585 Target maturity fund units - - 54 - - 54 54 Quoted debt securities 57 - - - 1,146 1,203 1,204 (1 Certificates of deposit - - - - 551 551 551 Commercial Papers - - - - 195 195 195 |\n| Quoted equity securities - - - 9 - 9 9 Unquoted equity and preference securities - 3 - 20 - 23 23 Unquoted investment others - - 25 - - 25 25 Trade receivables 3,826 - - - - 3,826 3,826 Unbilled revenues (Refer to note 2.17)(3) 1,261 - - - - 1,261 1,261 Prepayments and other assets (Refer to note 2.4) 870 - - - - 870 869 (2 Derivative financial instruments - - 1 - 3 4 4 Total 9,599 3 665 29 1,895 12,191 12,191 Liabilities: Trade payables 432 - - - - 432 432 Lease liabilities (Refer to note 2.8) 986 - - - - 986 986 Derivative financial instruments - - 54 - 2 56 56 Financial liability under option arrangements - - 85 - - 85 85 (Refer to note 2.5) Other liabilities including contingent consideration |\n| 1,982 - 11 - - 1,993 1,993 (Refer to note 2.5) Total 3,400 - 150 - 2 3,552 3,552 (1) On account of fair value changes including interest accrued (2)Excludes interest accrued on quoted debt securities carried at amortized cost of $1 million (3) Excludes unbilled revenue for contracts where the right to consideration is dependent on completion of contractual milestones The carrying value and fair value of financial instruments by categories as at March 31, 2025 were as follows: (Dollars in millions) Financial assets/ liabilities at Financial assets/liabilities at fair fair value through profit or loss value through OCI Amortized Equity Particulars Designated Total carrying value Total fair value cost instruments upon initial Mandatory Mandatory designated upon recognition initial recognition Assets: Cash and cash equivalents (Refer to note 2.1) 2,861 - - - - 2,861 2,861 Investments (Refer to note 2.2) |\n| Liquid mutual fund units - - 229 - - 229 229 Target maturity fund units - - 54 - - 54 54 Quoted debt securities 193 - - - 1,389 1,582 1,602 Certificates of deposit - - - - 410 410 410 Commercial Papers - - - - 426 426 426 Quoted equity securities - - - 7 - 7 7 Unquoted equity and preference securities - 3 - 20 - 23 23 Unquoted investments others - - 23 - - 23 23 Trade receivables 3,645 - - - - 3,645 3,645 Unbilled revenues (Refer to note 2.17)(3) 1,195 - - - - 1,195 1,195 Prepayments and other assets (Refer to note 2.4) 844 - - - - 844 835 (2 Derivative financial instruments - - 20 - 3 23 23 Total 8,738 3 326 27 2,228 11,322 11,333 Liabilities: Trade payables 487 - - - - 487 487 Lease liabilities (Refer to note 2.8) 962 - - - - 962 962 Derivative financial instruments - - 3 - 4 7 7 Financial liability under option arrangements - - 77 - - 77 77 (Refer to note 2.5) Other liabilities including contingent |\n| 1,932 - 3 - - 1,935 1,935 consideration (Refer to note 2.5) Total 3,381 - 83 - 4 3,468 3,468 (1) On account of fair value changes including interest accrued (2) Excludes interest accrued on quoted debt securities carried at amortized cost of $9 million (3) Excludes unbilled revenue for contracts where the right to consideration is dependent on completion of contractual milestones Fortradereceivablesandtradepayables,otherassetsandpayablesmaturingwithinoneyearfromthebalancesheetdate,thecarryingamountsapproximatefairvalueduetotheshortmaturity |\n| of these instruments. |\n| Fair value hierarchy Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices). |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 55, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "0e7c1c0a73666185", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and six months ended September 30, 2025 | Page: 56\n\n| Investments in unquoted investments others 25 - - 25 Others Derivative financial instruments- gain 4 - 4 - Liabilities Derivative financial instruments - loss 56 - 56 - Financial liability under option arrangements (Refer to note 2.5)(1) 85 - - 85 Liability towards contingent consideration (Refer to note 2.5)(2) 11 - - 11 (1)Discount rate ranges from 9% to 15% (2)Discount rate ranges from 3% to 6% DuringthesixmonthsendedSeptember30,2025,quoteddebtsecuritiesof$11millionweretransferredfromLevel2toLevel1offairvaluehierarchy,sincethesewerevaluedbasedon quoted price and quoted debt securities of $21 million were transferred from Level 1 to Level 2 of fair value hierarchy, since these were valued based on market observable inputs. The fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as at March 31, 2025 is as follows: (Dollars in millions) As at Fair value measurement at end of the reporting period using Particulars March 31, 2025 Level 1 Level 2 Level 3 Assets Investments (Refer to note 2.2) Investments in liquid mutual fund units 229 229 - - Investments in target maturity fund units 54 54 - - Investments in quoted debt securities 1,602 1,533 69 - Investments in unquoted equity and preference securities 23 - - 23 Investments in certificates of deposit 410 - 410 - Investments in commercial paper 426 - 426 - Investments in quoted equity securities |\n|---|\n| 7 7 - - Investments in unquoted investments others 23 - - 23 Others Derivative financial instruments- gain 23 - 23 - Liabilities Derivative financial instruments- loss 7 - 7 - Financial liability under option arrangements (Refer to note 2.5)(1) 77 - - 77 Liability towards contingent consideration (Refer to note 2.5)(2) 3 - - 3 (1)Discount rate ranges from 9% to 15% (2)Discount rate - 6% DuringtheyearendedMarch31,2025,quoteddebtsecuritiesof$35millionweretransferredfromLevel2toLevel1offairvaluehierarchy,sincethesewerevaluedbasedonquotedprice and quoted debt securities of $65 million were transferred from Level 1 to Level 2 of fair value hierarchy, since these were valued based on market observable inputs. |\n| A one percentage point change in the unobservable inputs used in fair valuation of Level 3 assets and liabilities does not have a significant impact in its value. MajorityofinvestmentsoftheGrouparefairvaluedbasedonLevel1orLevel2inputs.Theseinvestmentsprimarilyincludeinvestmentinliquidmutualfundunits,targetmaturityfundunits, quoteddebtsecurities,certificatesofdeposit,commercialpaper,quotedbondsissuedbygovernmentandquasi-governmentorganizations.TheGroupinvestsafterconsideringcounterparty |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 56, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "641c99296f45e859", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and six months ended September 30, 2025 | Page: 57\n\n| 2.4 Prepayments and other assets |\n|---|\n| Prepayments and other assets consist of the following: |\n| (Dollars in millions) As at |\n| Particulars September 30, 2025 March 31, 2025 |\n| Current |\n| Security deposits(1) 8 8 |\n| Loans to employees(1) 27 29 |\n| Prepaid expenses(2) 336 360 |\n| Interest accrued and not due(1) 75 99 |\n| Withholding taxes and others(2)(4) 297 332 |\n| Advance payments to vendors for supply of goods(2) 30 48 |\n| Deposit with corporations(1)(3) 357 345 |\n| Deferred contract cost |\n| Cost of obtaining a contract(2) 39 40 |\n| Cost of fulfillment(2) 69 59 (2) |\n| Other non financial assets 9 11 Net investment in lease(1) 159 133 |\n| Other financial assets(1) 57 55 |\n| Total Current prepayment and other assets 1,463 1,519 |\n| Non-current |\n| Security deposits(1) 31 32 |\n| Loans to employees(1) 1 2 |\n| Prepaid expenses(2) 35 33 |\n| Deposit with corporations(1)(3) 17 10 |\n| Defined benefit plan assets(2) 30 35 |\n| Deferred contract cost (2) 29 36 |\n| Cost of obtaining a contract Cost of fulfillment(2) 102 103 |\n| Withholding taxes and others(2)(4) 61 63 |\n| Net investment in lease(1) 135 129 |\n| Other financial assets(1) 3 2 |\n| Total Non- current prepayment and other assets 444 445 |\n| Total prepayment and other assets 1,907 1,964 (1) Financial assets carried at amortized cost 870 844 |\n| (2) Non financial assets (3)Depositwithcorporationrepresentsamountsdepositedtosettlecertainemployee-relatedobligationsasandwhentheyariseduringthenormal |\n| course of business. |\n| (4) |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 57, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "e658b145f79cc927", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and six months ended September 30, 2025 | Page: 58\n\n| 2.5 Other liabilities |\n|---|\n| Other liabilities comprise the following: (Dollars in millions) As at Particulars September 30, 2025 March 31, 2025 Current Accrued compensation to employees(1) 570 576 Accrued expenses(1) 1,070 991 Accrued defined benefit liability(3) 2 1 Withholding taxes and others(3) 387 381 Liabilities of controlled trusts(1) 19 20 Liability towards contingent consideration(2) 3 1 Capital Creditors(1) 34 61 Financial liability under option arrangements(2)(4) 71 64 |\n| Other non-financial liabilities(3) 1 1 Other financial liabilities(1)(5) 62 61 Total current other liabilities 2,219 2,157 Non-current Accrued compensation to employees(1) 11 1 Accrued expenses(1) 216 221 Accrued defined benefit liability (3) 19 14 Liability towards contingent consideration(2) 8 2 Financial liability under option arrangements(2)(4) 14 13 Other non-financial liabilities(3) 9 12 Other financial liabilities(1)(5) - 1 Total non-current other liabilities 277 264 Total other liabilities 2,496 2,421 (1) Financial liability carried at amortized cost 1,982 1,932 (2) Financial liability carried at fair value through profit or loss 96 80 |\n| (3) Non financial liabilities (4) Represents liability related to options issued by the Group over the non-controlling interests in its subsidiaries. (5)TheGroupenteredintofinancingarrangementswithathirdpartytowardstechnologyassetstakenoverbytheGroupfromacustomerasapartof transformationprojectwhichwasnotconsideredasdistinctgoodsorservicesasthecontrolrelatedtothoseassetswasnottransferredtotheGroupin |\n| accordancewithIFRS15-Revenuefromcontractwithcustomers.AsatSeptember30,2025andMarch31,2025,thefinancialliabilitypertainingto such arrangements amounts to $5 million and $8 million, respectively. Accrued expenses primarily relate to cost of technical sub-contractors, telecommunication charges, legal and professional charges, brand building |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 58, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "7e860e5a75f22d6d", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and six months ended September 30, 2025 | Page: 59\n\n| 2.6 Provisions and other contingencies |\n|---|\n| Accounting Policy |\n| 2.6.1 Provisions Aprovisionisrecognizedif,asaresultofapastevent,theGrouphasapresentlegalorconstructiveobligationthatisreasonablyestimable,anditis probablethatanoutflowofeconomicbenefitswillberequiredtosettletheobligation.Provisionsaredeterminedbydiscountingtheexpectedfuturecash |\n| flowsatapre-taxratethatreflectscurrentmarketassessmentsofthetimevalueofmoneyandtherisksspecifictotheliability.TheGrouprecognizesa reimbursement asset when, and only when, it is virtually certain that the reimbursement will be received if the Group settles the obligation. Contingentliabilityisapossibleobligationarisingfrompasteventsandwhoseexistencewillbeconfirmedonlybytheoccurrenceornon-occurrenceof oneormoreuncertainfutureeventsnotwhollywithinthecontroloftheentityorapresentobligationthatarisesfrompasteventsbutisnotrecognized |\n| because it is not probable that an outflowofresources embodying economic benefits willbe required to settle the obligation or the amount ofthe obligation cannot be measured with sufficient reliability. |\n| a. Post sales client support TheGroupprovidesitsclientswithafixed-periodpostsalessupportonitsfixed-price,fixed-timeframecontracts.Costsassociatedwithsuchsupport servicesareaccruedatthetimerelatedrevenuesarerecordedandincludedincostofsales.TheGroupestimatessuchcostsbasedonhistoricalexperience |\n| and estimates are reviewed on a periodic basis for any material changes in assumptions and likelihood of occurrence. |\n| b. Onerous contracts ProvisionsforonerouscontractsarerecognizedwhentheexpectedbenefitstobederivedbytheGroupfromacontractarelowerthantheunavoidable costsofmeetingthefutureobligationsunderthecontract.Provisionsforestimatedlosses,ifany,onincompletecontractsarerecordedintheperiodin whichsuchlossesbecomeprobablebasedontheestimatedeffortsorcoststocompletethecontract.Theprovisionismeasuredatthepresentvalueofthe |\n| loweroftheexpectedcostofterminatingthecontractandtheexpectednetcostofcontinuingwiththecontract.Beforeaprovisionisestablishedthe Group recognizes any impairment loss on the assets associated with that contract. Provision for post sales client support and other provisions (Dollars in millions) As at Particulars |\n| September 30, 2025 March 31, 2025 Post-sales client support and others provisions 169 155 Provision pertaining to settlement (refer to note 2.6.2) 15 18 Total provisions 184 173 Provision for post sales client support and otherprovisions majorlyrepresents costsassociated withproviding postsales supportservices whichare |\n| accrued at the time of recognition of revenues and are expected to be utilized over a period of 1 year. Provisionforpostsalesclientsupportandotherprovisionsisincludedincostofsalesintheinterimcondensedconsolidatedstatementofcomprehensive |\n| income. AsatSeptember30,2025andMarch31,2025,claimsagainsttheGroup,notacknowledgedasdebts,(excludingdemandsfromincometaxauthorities- Refer to Note 2.12) amounted to $112 million (₹991 crore) and $119 million (₹1,020 crore), respectively. |\n| Amount paid to statutory authorities against the claims (excluding demands from income tax authorities- Refer to Note 2.12) amounted to $2 million (₹17 crore) and $1 million (₹8 crore) as at September 30, 2025 and March 31, 2025 respectively. |\n| 2.6.2 Legal Proceedings McCamish Cybersecurity incident InNovember2023,certainsystemsofInfosysMcCamishSystemsLLC(“McCamish”),asubsidiaryofInfosysBPMLimited(awhollyownedsubsidiary ofInfosysLimited),wereencryptedbyransomware,resultinginthenon-availabilityofcertainapplicationsandsystems.McCamishinitiateditsincident responseandengagedcybersecurityandotherspecialiststoassistinitsinvestigationofandresponsetotheincidentandremediationandrestorationof impactedapplicationsandsystems.ByDecember31,2023,McCamish,withexternalspecialists’assistance,substantiallyremediatedandrestoredthe |\n| affected applications and systems. Actions taken by McCamish included investigative analysis conducted by a third-party cybersecurity firm to determine,amongotherthings,whetherandtheextenttowhichcompanyorcustomerdatawassubjecttounauthorizedaccessorexfiltration.McCamish alsoengagedathird-partyeDiscoveryvendorinassessingtheextentandnatureofsuchdata.McCamishincoordinationwithitsthird-partyeDiscovery vendorhasidentifiedcorporatecustomersandindividualswhoseinformationwassubjecttounauthorizedaccessandexfiltration.McCamishprocesses personal data on behalf of its corporate customers. FromMarch6,2024throughJuly25,2024,sixactionswerefiledintheU.S.DistrictCourtfortheNorthernDistrictofGeorgiaagainstMcCamish.The actions arise out of the cybersecurity incident at McCamish initially disclosed on November 3, 2023. All six actions have since been consolidated, and the consolidatedclassactioncomplaintwasfiledonNovember7,2024,purportedlyonbehalfofallpersonsresidingintheUnitedStateswhosepersonally identifiableinformationwascompromisedintheincident,includingallwhoweresentanoticeoftheincident.OnDecember20,2024,theCourtgranted theparties’jointmotiontostayproceedingspendingtheparties’effortstoresolvethelawsuitthroughmediation.OnMarch13,2025,McCamishandthe |\n| plaintiffs engaged in mediation,resultinginan in-principleagreement thatsets forththe termsofaproposed settlementoftheclass actionlawsuits againstMcCamish,aswellassevenclassactionlawsuitsarisingoutoftheincidentthathavebeenfiledagainstMcCamish’scustomers.OnMay9,2025, McCamishandtheplaintiffsenteredintoadefinitivesettlementagreement,andtheplaintiffsmovedforpreliminaryapprovalofthesettlement.Underthe settlementterms,McCamishhasagreedtopay$17.5millionintoafundtosettlethesematters.OnJuly16,2025,theCourtgrantedpreliminaryapproval ofthesettlement. Thesettlementremainssubjecttofinalcourtapproval.Ifapproved,thesettlementwillresolveallallegationsmadeintheclassaction lawsuits without admission of any liability. DuringthethreemonthsendedMarch31,2025,McCamishhadrecordedanaccrualof$17.5millionrelatedtothesettlementandhadrecognizedan insurance reimbursement receivable of $17 million which has been offset against the settlement expense of $17.5 million in the Statement of |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 59, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "6db950a9840a884b", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and six months ended September 30, 2025 | Page: 60\n\n| Government Investigation TheU.S.DepartmentofJustice(“DOJ”)isconductinganinvestigationregardinghowtheCompanyclassifiedcertainH-1Bvisa-recipientemployees workingforoneofitsclientsinimmigrationdocumentsfiledwithcertainU.S.governmentauthorities. TheCompanyisengagedindiscussionswiththe |\n|---|\n| DOJregardingitsongoinginvestigationandhascommenceditsowninquiryregardingthematter. Atthisstage,theCompanyisunabletopredictthe outcome of this matter, including whether such outcome could have a material adverse effect on the Company’s business and results of operations. |\n| Others Apart from the foregoing, the Group is subject tolegal proceedings and claims which have arisen in the ordinarycourse ofbusiness. The Group’s |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 60, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "86330386706591a5", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and six months ended September 30, 2025 | Page: 61\n\n| 2.7 Property, plant and equipment |\n|---|\n| Accounting Policy Property,plantandequipmentarestatedatcost,lessaccumulateddepreciationandimpairment,ifany.Costsdirectlyattributabletoacquisitionarecapitalizeduntiltheproperty,plantandequipmentarereadyfor use,asintendedbyManagement.Thechargeinrespectofperiodicdepreciationisderivedatafterdetermininganestimateofanasset’sexpectedusefullifeandtheexpectedresidualvalueattheendofitslife.The |\n| Group depreciates property, plant and equipment over their estimated useful lives using the straight-line method. The estimated useful lives of assets are as follows: Building 22-25 years Plant and machinery(1) 5 years Computer equipment 3-5 years Furniture and fixtures 5 years Vehicles 5 years |\n| Leasehold improvements Lower of useful life of the asset or lease term (1) Includes solar plant with a useful life of 25 years Depreciation methods, useful lives and residual values are reviewed periodically, including at each financial year end. The useful lives are based on historical experience with similar assets as well as anticipation of future events, which may impact their life, such as changes in technology. Advancespaidtowardstheacquisitionofproperty,plantandequipmentoutstandingateachbalancesheetdateandthecostofassetsnotreadytousebeforesuchdatearedisclosedunder‘Capitalwork-in- progress’.Subsequentexpendituresrelatingtoproperty,plantandequipmentiscapitalizedonlywhenitisprobablethatfutureeconomicbenefitsassociatedwiththesewillflowtotheGroupandthecostoftheitem |\n| can be measured reliably. The cost and related accumulated depreciation are eliminated from the financial statements upon sale or retirement of the asset. |\n| Impairment Property,plantandequipmentareevaluatedforrecoverabilitywhenevereventsorchangesincircumstancesindicatethattheircarryingamountsmaynotberecoverable.Forthepurposeofimpairmenttesting,the recoverableamount(i.e.thehigherofthefairvaluelesscosttosellandthevalue-in-use)isdeterminedonanindividualassetbasisunlesstheassetdoesnotgeneratecashflowsthatarelargelyindependentofthose |\n| from other assets. In such cases, the recoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs. Ifsuchassetsareconsideredtobeimpaired,theimpairmenttoberecognizedinnetprofitintheinterimcondensedconsolidatedstatementofcomprehensiveincomeismeasuredbytheamountbywhichthe carryingvalueoftheassetsexceedstheestimatedrecoverableamountoftheasset.Animpairmentlossisreversedinnetprofitinthestatementofcomprehensiveincomeiftherehasbeenachangeintheestimates |\n| usedtodeterminetherecoverableamount.Thecarryingamountoftheassetisincreasedtoitsrevisedrecoverableamount,providedthatthisamountdoesnotexceedthecarryingamountthatwouldhavebeen determined (net of any accumulated depreciation) had no impairment loss been recognized for the asset in prior years. The changes in the carrying value of property, plant and equipment for the three months ended September 30, 2025 are as follows: (Dollars in millions) Plant and Computer Furniture and Particulars Land Buildings Vehicles Total machinery equipment fixtures Gross carrying value as at July 1, 2025 173 1,369 637 1,082 391 6 3,658 Additions 1 - 4 47 1 - 53 Deletions** - - (1) (19) (7) (1) (28) Translation difference (5) (42) (23) (34) (12) - (116) Gross carrying value as at September 30, 2025 169 1,327 617 1,076 373 5 3,567 |\n| Accumulated depreciation as at July 1, 2025 - (638) (518) (821) (322) (5) (2,304) Depreciation - (12) (11) (29) (7) - (59) Accumulated depreciation on deletions** - - 1 19 7 1 28 Translation difference - 19 20 25 10 - 74 Accumulated depreciation as at September 30, 2025 - (631) (508) (806) (312) (4) (2,261) Capital work-in progress as at July 1, 2025 130 Carrying value as at July 1, 2025 173 731 119 261 69 1 1,484 Capital work-in progress as at September 30, 2025 146 Carrying value as at September 30, 2025 169 696 109 270 61 1 1,452 The changes in the carrying value of property, plant and equipment for the three months ended September 30, 2024 are as follows: (Dollars in millions) Plant and Computer Furniture and Particulars Land Buildings Vehicles Total machinery equipment fixtures Gross carrying value as at July 1, 2024 171 1,408 639 1,034 401 6 3,659 Additions - 2 10 20 8 - 40 Additions - Business Combination (Refer to Note 2.10) - - 1 1 3 - 5 Deletions* - - (4) (13) (4) - (21) Translation difference - (2) (2) (2) 1 - (5) |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 61, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "5b7854084be8c725", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and six months ended September 30, 2025 | Page: 62\n\n| Accumulated depreciation as at April 1, 2025 - (627) (511) (820) (315) (5) (2,278) Depreciation - (25) (20) (61) (14) - (120) Accumulated depreciation on deletions** - - 2 49 8 1 60 Translation difference - 21 21 26 9 - 77 Accumulated depreciation as at September 30, 2025 - (631) (508) (806) (312) (4) (2,261) Capital work-in progress as at April 1, 2025 119 Carrying value as at April 1, 2025 173 744 121 268 71 1 1,497 Capital work-in progress as at September 30, 2025 146 Carrying value as at September 30, 2025 169 696 109 270 61 1 1,452 **DuringthethreemonthsandsixmonthsendedSeptember30,2025,certainassetswhichwerenotinusehavinggrossbookvalueof $25million(netbookvalue:Nil) and$54million(netbookvalue:Nil) respectively, were retired. The changes in the carrying value of property, plant and equipment for the six months ended September 30, 2024 are as follows: (Dollars in millions) Plant and Computer Furniture and Particulars Land Buildings Vehicles Total machinery equipment fixtures Gross carrying value as at April 1, 2024 171 1,411 637 1,032 406 6 3,663 Additions - 4 15 42 11 - 72 Additions - Business Combination (Refer to Note 2.10) - - 1 1 3 - 5 Deletions* - (5) (7) (32) (11) - (55) Translation difference - (2) (2) (3) - - (7) |\n|---|\n| Gross carrying value as at September 30, 2024 171 1,408 644 1,040 409 6 3,678 Accumulated depreciation as at April 1, 2024 - (590) (498) (765) (322) (5) (2,180) Depreciation - (27) (24) (77) (20) - (148) Accumulated depreciation on deletions* - 1 7 31 11 - 50 Translation difference - 1 2 3 - - 6 Accumulated depreciation as at September 30, 2024 - (615) (513) (808) (331) (5) (2,272) Capital work-in progress as at April 1, 2024 54 Carrying value as at April 1, 2024 171 821 139 267 84 1 1,537 Capital work-in progress as at September 30, 2024 80 Carrying value as at September 30, 2024 171 793 131 232 78 1 1,486 *DuringthethreemonthsandsixmonthsendedSeptember30,2024,certainassetswhichwerenotinusehavinggrossbookvalueof $12million(netbookvalue:Nil) and$27million(netbookvalue:Nil) |\n| respectively, were retired. The aggregate depreciation expense is included in cost of sales in the interim condensed consolidated statement of comprehensive income. Repairs and maintenance costs are recognized in the consolidated statement of comprehensive income when incurred. ConsequenttotheCompanies(CorporateSocialResponsibilityPolicy)AmendmentRules,2021(“theRules”),theCompanywasrequiredtotransferitsCSRcapitalassetsinstalledpriortoJanuary2021.Towards thistheCompanyhadincorporatedasubsidiary‘InfosysGreenForum’(IGF)underSection8oftheCompaniesAct,2013.DuringtheyearendedMarch31,2022,theCompanyhadcompletedthetransferof |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 62, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "2958c4a4a7b0cd20", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and six months ended September 30, 2025 | Page: 63\n\n| Accounting Policy |\n|---|\n| The Group as a lessee TheGroup’sleaseassetclassesprimarilyconsistofleasesforland,buildingsandcomputers.Thegroupassesseswhetheracontractcontainsalease,atinceptionofacontract.Acontractis, orcontains,aleaseifthecontractconveystherighttocontroltheuseofanidentifiedassetforaperiodoftimeinexchangeforconsideration.Toassesswhetheracontractconveystheright |\n| tocontroltheuseofanidentifiedasset,thegroupassesseswhether:(1)thecontractinvolvestheuseofanidentifiedasset(2)thegrouphassubstantiallyalloftheeconomicbenefitsfromuse of the asset through the period of the lease and (3) the group has the right to direct the use of the asset. Atthedateofcommencementofthelease,theGrouprecognizesaright-of-useasset(“ROU”)andacorrespondingleaseliabilityforallleasearrangementsinwhichitisalessee,exceptfor |\n| leaseswithatermoftwelvemonthsorless(short-termleases)andlowvalueleases.Fortheseshort-termandlowvalueleases,theGrouprecognizestheleasepaymentsasanoperating expense on a straight-line basis over the term of the lease. Asalessee,theGroupdeterminestheleasetermasthenon-cancellableperiodofaleaseadjustedwithanyoptiontoextendorterminatethelease,iftheuseofsuchoptionisreasonably certain.TheGroupmakesanassessmentontheexpectedleasetermonalease-by-leasebasisandtherebyassesseswhetheritisreasonablycertainthatanyoptionstoextendorterminatethe |\n| contractwillbeexercised.Inevaluatingtheleaseterm,theGroupconsidersfactorssuchasanysignificantleaseholdimprovementsundertakenovertheleaseterm,costsrelatingtothe terminationoftheleaseandtheimportanceoftheunderlyingassettoGroup’soperationstakingintoaccountthelocationoftheunderlyingassetandtheavailabilityofsuitablealternatives. The lease term in future periods is reassessed to ensure that the lease term reflects the current economic circumstances. Certainleasearrangementsincludetheoptionstoextendorterminatetheleasebeforetheendoftheleaseterm.ROUassetsandleaseliabilitiesincludestheseoptionswhenitisreasonably |\n| certain that they will be exercised. Theright-of-useassetsareinitiallyrecognizedatcost,whichcomprisestheinitialamountoftheleaseliabilityadjustedforanyleasepaymentsmadeatorpriortothecommencementdateof |\n| the lease plus any initial direct costs less any lease incentives. They are subsequently measured at cost less accumulated depreciation and impairment losses. |\n| Right-of-use assets are depreciated from the commencement date on a straight-line basis over the shorter of the lease term and useful life of the underlying asset. Right-of-useassetsareevaluatedforrecoverabilitywhenevereventsorchangesincircumstancesindicatethattheircarryingamountsmaynotberecoverable.Forthepurposeofimpairment |\n| testing,therecoverableamount(i.e.thehigherofthefairvaluelesscosttosellandthevalue-in-use)isdeterminedonanindividualassetbasisunlesstheassetdoesnotgeneratecashflows that are largely independent of those from other assets. In such cases, the recoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs. Theleaseliabilityisinitiallymeasuredatamortizedcostatthepresentvalueofthefutureleasepayments.Theleasepaymentsarediscountedusingtheinterestrateimplicitintheleaseor,if |\n| notreadilydeterminable,usingtheincrementalborrowingratesinthecountryofdomicileoftheseleases.Leaseliabilitiesareremeasuredwithacorrespondingadjustmenttotherelatedright- of-use asset if the Group changes its assessment if whether it will exercise an extension or a termination option. |\n| Lease liability and ROU asset have been separately presented in the Balance Sheet and lease payments have been classified as financing cash flows. The Group as a lessor ` LeasesforwhichtheGroupisalessorisclassifiedasafinanceoroperatinglease.Wheneverthetermsoftheleasetransfersubstantiallyalltherisksandrewardsofownershiptothelessee, |\n| the contract is classified as a finance lease. All other leases are classified as operating leases. WhentheGroupisanintermediatelessor,itaccountsforitsinterestsintheheadleaseandthesubleaseseparately.Thesubleaseisclassifiedasafinanceoroperatingleasebyreferenceto the right-of-use asset arising from the head lease. For operating leases, rental income is recognized on a straight-line basis over the term of the relevant lease. Following are the changes in the carrying value of right-of-use assets for the three months ended September 30, 2025: (Dollars in millions) Particulars Category of ROU asset Total Land Buildings Vehicles Computers Balance as of July 1, 2025 70 392 3 274 739 |\n| Additions* - 14 - 56 70 Deletions - - - (20) (20) Depreciation - (21) (1) (35) (57) Translation difference (2) (10) 1 (1) (12) Balance as of September 30, 2025 68 375 3 274 720 *Net of adjustments on account of modifications Following are the changes in the carrying value of right-of-use assets for the three months ended September 30, 2024: (Dollars in millions) Particulars Category of ROU asset Total Land Buildings Vehicles Computers Balance as of July 1, 2024 72 406 2 301 781 Additions* - 13 1 47 61 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 63, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "4e700f82a68aeca5", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and six months ended September 30, 2025 | Page: 65\n\n| 2.9 Goodwill and Intangible assets |\n|---|\n| 2.9.1 Goodwill |\n| Accounting Policy GoodwillrepresentspurchaseconsiderationinexcessoftheGroup'sinterestinthenetfairvalueofidentifiableassets,liabilitiesandcontingentliabilitiesoftheacquired entity.Whenthenetfairvalueoftheidentifiableassets,liabilitiesandcontingentliabilitiesacquiredexceedsthepurchaseconsideration,thefairvalueofnetassetsacquired |\n| isreassessedandthebargainpurchasegainisrecognizedimmediatelyinthenetprofitintheStatementofComprehensiveIncome.Goodwillismeasuredatcostless accumulated impairment losses. |\n| Impairment Goodwillistestedforimpairmentonanannualbasisandwheneverthereisanindicationthattherecoverableamountofacashgeneratingunit(CGU)islessthanitscarrying amount.Fortheimpairmenttest,goodwillisallocatedtotheCGUorgroupsofCGU’swhichbenefitfromthesynergiesoftheacquisitionandwhichrepresentsthelowest levelatwhichgoodwillismonitoredforinternalmanagementpurposes.ACGUisthesmallestidentifiablegroupofassetsthatgeneratescashinflowsthatarelargely |\n| independentofthecashinflowsfromotherassetsorgroupofassets.ImpairmentoccurswhenthecarryingamountofaCGUincludingthegoodwill,exceedstheestimated recoverableamountoftheCGU.TherecoverableamountofaCGUisthehigherofitsfairvaluelesscosttosellanditsvalue-in-use.Value-in-useisthepresentvalueof futurecashflowsexpectedtobederivedfromtheCGU.Keyassumptionsinthecashflowprojectionsarepreparedbasedoncurrenteconomicconditionsandincludes estimated long term growth rates, weighted average cost of capital and estimated operating margins. Following is a summary of changes in the carrying amount of goodwill: (Dollars in millions) As at Particulars September 30, 2025 March 31, 2025 Carrying value at the beginning 1,182 875 |\n| Goodwill on acquisitions (Refer to note 2.10) 52 309 Translation differences 61 (2) Carrying value at the end 1,295 1,182 Forthepurposeofimpairmenttesting,goodwillacquiredinabusinesscombinationisallocatedtotheCGUorgroupsofCGUs,whichbenefitfromthesynergiesofthe acquisition. |\n| 2.9.2 Intangible assets |\n| Accounting Policy Intangibleassetsarestatedatcostlessaccumulatedamortizationandimpairment.Intangibleassetsareamortizedovertheirrespectiveindividualestimatedusefullivesona straight-linebasis,fromthedatethattheyareavailableforuse.Theestimatedusefullifeofanidentifiableintangibleassetisbasedonanumberoffactorsincludingthe |\n| effects of obsolescence, demand, competition, and other economic factors (such as the stabilityof the industryand known technological advances), and the level of maintenanceexpendituresrequiredtoobtaintheexpectedfuturecashflowsfromtheasset.Amortizationmethodsandusefullivesarereviewedperiodicallyincludingat each financial year end. Research costs are expensed as incurred. Software product development costs are expensed as incurred unless technical and commercial feasibility of the project is |\n| demonstrated,futureeconomicbenefitsareprobable,theGrouphasanintentionandabilitytocompleteanduseorsellthesoftwareandthecostscanbemeasuredreliably. The costs which can be capitalized include the cost of material, direct labour, overhead costs that are directly attributable to prepare the asset for its intended use. |\n| Impairment Intangibleassetsareevaluatedforrecoverabilitywhenevereventsorchangesincircumstancesindicatethattheircarryingamountsmaynotberecoverable.Forthepurpose ofimpairmenttesting,therecoverableamount(i.e.thehigherofthefairvaluelesscosttosellandthevalue-in-use)isdeterminedonanindividualassetbasisunlesstheasset |\n| doesnotgeneratecashflowsthatarelargelyindependentofthosefromotherassets.Insuchcases,therecoverableamountisdeterminedfortheCGUtowhichtheasset belongs. Ifsuchassetsareconsideredtobeimpaired,theimpairmenttoberecognizedinthenetprofitinthestatementofcomprehensiveincomeismeasuredbytheamountbywhich thecarryingvalueoftheassetsexceedstheestimatedrecoverableamountoftheasset.Animpairmentlossisreversedinthenetprofitinthestatementofcomprehensive incomeiftherehasbeenachangeintheestimatesusedtodeterminetherecoverableamount.Thecarryingamountoftheassetisincreasedtoitsrevisedrecoverableamount, |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 65, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "260320d4479d2503", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and six months ended September 30, 2025 | Page: 66\n\n| 2.10 Business combinations |\n|---|\n| Accounting policy |\n| Business combinations have been accounted for using the acquisition method under the provisions of IFRS 3 (Revised), Business Combinations. Thepurchasepriceinanacquisitionismeasuredatthefairvalueoftheassetstransferred,equityinstrumentsissuedandliabilitiesincurredorassumedatthedateofacquisition, whichisthedateonwhichcontrolistransferredtotheGroup.Thepurchasepricealsoincludesthefairvalueofanycontingentconsideration.Identifiableassetsacquiredand |\n| liabilitiesandcontingentliabilitiesassumedinabusinesscombinationaremeasuredinitiallyattheirfairvalueonthedateofacquisition.Contingentconsiderationisremeasured at fair value at each reporting date and changes in the fair value of the contingent consideration are recognized in the interim condensed Consolidated Statement of Comprehensive Income. Theinterestofnon-controllingshareholdersisinitiallymeasuredeitheratfairvalueoratthenon-controllinginterests’proportionateshareoftheacquiree’sidentifiablenet |\n| assets.Thechoiceofmeasurementbasisismadeonanacquisition-by-acquisitionbasis.Subsequenttoacquisition,thecarryingamountofnon-controllinginterestsistheamount of those interests at initial recognition plus the non-controlling interests’ share of subsequent changes in equity of subsidiaries. BusinesscombinationsbetweenentitiesundercommoncontrolisoutsidethescopeofIFRS3(Revised),BusinessCombinationsandisaccountedforatcarryingvalueofassets |\n| acquired and liabilities assumed. ThepaymentsrelatedtooptionsissuedbytheGroupoverthenon-controllinginterestsinitssubsidiariesareaccountedasfinancialliabilitiesandinitiallyrecognizedatthe |\n| estimatedpresentvalueofgrossobligations.Suchoptionsaresubsequentlymeasuredatfairvalueinordertoreflecttheamountpayableundertheoptionatthedateatwhichit becomes exercisable. In the event that the option expires unexercised, the liability is derecognized. Acquisition |\n| During the six months ended September 30, 2025 the Group, completed two business combinations by acquiring 100% partnership interests/voting interests in: 1)MREConsultingLtd.,aleadingEnergyandbusinessconsultingservicescompany,headquarteredinTexas,U.S.onApril30,2025,whichisexpectedtobringnewer |\n| capabilities for the Group in trading and risk management, especially in the energy sector. 2)TheMissingLinkSecurityPty.Ltd.,TheMissingLinkSecurityLimitedandTheMissingLinkAutomationPty.Ltd.(collectivelyknownas\"TheMissingLink\"),aleading |\n| CybersecurityserviceproviderheadquarteredinAustraliaonApril30,2025,whichisexpectedtofurtherstrengthentheGroup'scapabilitiesinthecybersecuritysectorand bolster its presence in the fast growing Australian Market. The provisional purchase price is allocated to assets acquired and liabilities assumed based upon determination of fair values at the date of acquisition as follows: (Dollars in million) |\n| Acquiree's Fair value Component Purchase price allocated carrying amount adjustments Net Assets (1) 14 - 14 |\n| Intangible assets: Customer related# - 26 26 |\n| Vendor relationship# - 7 7 |\n| Brand# - 2 2 Deferred tax liabilities on intangible assets - (5) (5) Total 14 30 44 Goodwill 52 Total purchase price 96 (1) Includes cash and cash equivalents acquired of $12 million. # |\n| The estimated useful life is around 1 year to 7 years Theexcessofthepurchaseconsiderationpaidoverthefairvalueofassetsacquiredhasbeenattributedtogoodwill.Theprimaryitemsthatgeneratedthisgoodwillarethevalue of the acquired assembled workforce and estimated synergies, neither of which qualify as an intangible asset. Goodwill amounting to $9 million is expected to be deductible for tax purposes. Thetotalpurchaseconsiderationof$96millionincludesupfrontcashconsiderationof$88millionandcontingentconsiderationwithanestimatedfairvalueof$8millionason the date of acquisition. Attheacquisitiondate,thekeyinputsusedindeterminationofthefairvalueofcontingentconsiderationaretheprobabilitiesassignedtowardsachievementoffinancialtargets |\n| and discount rates ranging from 2% - 3%. The undiscounted value of contingent consideration as of September 30, 2025 was approximately $9 million. Additionally, these acquisitions have retention bonus and management incentives payable to the employees of the acquiree over 2-3 years, subject to their continuous |\n| employmentwiththeGroupandachievementoffinancialtargetsfortherespectiveyears.Retentionbonusandmanagementincentivesarerecognizedinemployeebenefit expenses in the Statement of Comprehensive Income over the period of service. |\n| Fair value of trade receivables acquired is $23 million as of acquisition date and as of September 30, 2025, the amounts are substantially collected. TransactioncoststhattheGroupincursinconnectionwithabusinesscombinationsuchasfinder’sfees,legalfees,duediligencefees,andotherprofessionalandconsultingfees |\n| areexpensedasincurred.Thetransactioncostsof$4millionrelatedtotheacquisitionhavebeenincludedunderadministrativeexpensesintheConsolidatedStatementof Comprehensive Income for the three months ended June 30, 2025. |\n| Proposed Acquisitions OnAugust13,2025,InfosysSingaporePte.Ltd.,awhollyownedsubsidiaryofInfosysLimited,enteredintoadefinitiveagreementtoacquire75%oftheequitysharecapitalin TelstraPurplePtyLtd,includingsomeofitssubsidiaries(togetherknownasVersentGroup),Australia’sleadingDigitalTransformationSolutionsProviderforaconsideration |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 66, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "0502116e999e01b5", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and six months ended September 30, 2025 | Page: 67\n\n| X14AO2.11 Employees' Stock Option Plans (ESOP) |\n|---|\n| Accounting Policy The Group recognizes compensation expense relating toshare-based paymentsin net profit based on estimated fair-values ofthe awardson the grant date.The estimatedfairvalueofawardsisrecognizedasanexpenseinnetprofitintheinterimcondensedconsolidatedstatementofcomprehensiveincomeonastraight-line |\n| basisovertherequisiteserviceperiodforeachseparatelyvestingportionoftheawardasiftheawardwasin-substance,multipleawardswithacorrespondingincrease to share premium. |\n| Infosys Expanded Stock Ownership Program 2019 (the 2019 Plan) OnJune22,2019pursuanttoapprovalbytheshareholdersintheAnnualGeneralMeeting,theBoardhasbeenauthorizedtointroduce,offer,issueandprovideshare- basedincentivestoeligibleemployeesoftheCompanyanditssubsidiariesunderthe2019Plan.Themaximumnumberofsharesunderthe2019planshallnotexceed 50,000,000equityshares.Toimplementthe2019Plan,upto45,000,000equitysharesmaybeissuedbywayofsecondaryacquisitionofsharesbyInfosysExpanded Stock Ownership Trust. The Restricted Stock Units (RSUs) granted under the 2019 plan shall vest based on the achievement of defined annual performance |\n| parametersasdeterminedbytheadministrator(NominationandRemunerationCommittee).Theperformanceparameterswillbebasedonacombinationofrelative TotalShareholderReturn(TSR)againstselectedindustrypeersandcertainbroadermarketdomesticandglobalindicesandoperatingperformancemetricsofthe companyasdecidedbyadministrator.Eachoftheabove performanceparameterswillbedistinctforthepurposesofcalculationofquantityofsharestovestbasedon performance. These instruments will generally vest between a minimum of 1 to maximum of 3 years from the grant date. |\n| 2015 Stock Incentive Compensation Plan (the 2015 Plan): OnMarch31,2016,pursuanttotheapprovalbytheshareholdersthroughpostalballot,theBoardwasauthorizedtointroduce,offer,issueandallotshare-based incentivestoeligibleemployeesoftheCompanyanditssubsidiariesunderthe2015Plan.Themaximumnumberofsharesunderthe2015planshallnotexceed |\n| 24,038,883equityshares(thisincludes11,223,576equityshareswhichareheldbythetrusttowardsthe2011PlanasatMarch31,2016).Theseinstrumentswill generally vest over a period of 4 years The plan numbers mentioned above are further adjusted with the September 2018 bonus issue. TheequitysettledandcashsettledRSUsandstockoptionswouldvestgenerallyoveraperiodof4yearsandshallbeexercisablewithintheperiodasapprovedbythe NominationandRemunerationCommittee(NARC).TheexercisepriceoftheRSUswillbeequaltotheparvalueofthesharesandtheexercisepriceofthestock |\n| options would be the market price as on the date of grant. Controlledtrustholds9,091,403and 9,655,927sharesasatSeptember30,2025andMarch31,2025,respectivelyunderthe2015plan.Outoftheseshares,2,00,000 |\n| equity shares each have been earmarked for welfare activities of the employees as at September 30, 2025 and March 31, 2025. |\n| The following is the summary of grants during three months and six months ended September 30, 2025 and September 30, 2024: Three months ended Six months ended |\n| Particulars September 30, September 30, 2025 2024 2025 2024 2015 Plan: RSU |\n| Equity settled RSUs Key Management Personnel (KMP) - - 277,077 295,168 Employees other than KMP 2,400 32,850 7,400 129,340 |\n| 2,400 32,850 284,477 424,508 2015 Plan: Employee Stock Options (ESOPs) |\n| Equity settled RSUs Key Management Personnel (KMP) - - 237,370 - |\n| Employees other than KMP - - 5,412,790 - |\n| - - 5,650,160 - |\n| Cash settled RSUs Key Management Personnel (KMP) - - - - |\n| Employees other than KMP - - 108,180 - |\n| - - 108,180 - |\n| Total Grants under 2015 Plan 2,400 32,850 6,042,817 424,508 |\n| 2019 Plan: RSU |\n| Equity settled RSUs Key Management Personnel (KMP) - - 66,366 70,699 |\n| Employees other than KMP - - - 6,848 |\n| - - 66,366 77,547 |\n| Total Grants under 2019 Plan - - 66,366 77,547 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 67, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "bbc542833723f856", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and six months ended September 30, 2025 | Page: 68\n\n| Notes on grants to KMP: |\n|---|\n| CEO & MD |\n| Under the 2015 plan: TheBoard,onApril17,2025,basedontherecommendationsoftheNominationandRemunerationCommitteeapprovedthefollowinggrantsforfiscal2026.In |\n| accordance with such approval the following grants were made effective May 2, 2025. -230,621performance-basedRSUs(Annualperformanceequitygrant)offairvalueof₹34.75crore.TheseRSUswillvestinlinewiththeemploymentagreement |\n| based on achievement of certain performance targets. -13,273performance-basedgrantofRSUs(AnnualperformanceequityESGgrant)offairvalueof₹2crore.TheseRSUswillvestinlinewiththeemployment |\n| agreement based on achievement of certain environment, social and governance milestones as determined by the Board. -33,183performance-basedgrantofRSUs(AnnualperformanceEquityTSRgrant)offairvalueof₹5crore.TheseRSUswillvestinlinewiththeemployment |\n| agreement based on Company’s performance on cumulative relative TSR over the years and as determined by the Board. ThoughtheannualtimebasedgrantsandannualperformanceequityTSRgrantfortheremainingemploymenttermendingonMarch31,2027havenotbeengranted |\n| asofSeptember30,2025,sincetheservicecommencementdateprecedes thegrant date,the companyhasrecorded employmentstockcompensation expensein accordance with IFRS 2, Share based payments. The grant date for this purpose in accordance with IFRS 2, Share based payments is July 1, 2022. |\n| Under the 2019 plan: The Board, on April 17, 2025, based on the recommendations of the Nomination and Remuneration Committee, approved performance-based grant of RSUs amounting to ₹10 crore for fiscal 2026 under the 2019 Plan. These RSUs will vest based on achievement of certain performance targets. Accordingly, 66,366 |\n| performance based RSU’s were granted effective May 2, 2025. |\n| Other KMP Under the 2015 plan: DuringthesixmonthsendedSeptember30,2025,basedonrecommendationsofNominationandRemunerationCommittee,theBoardapprovedtimebasedgrantsof |\n| 237,370ESOPstoOtherKMPunderthe2015Plan.Thesestockoptionswillvestoveraperiodof4yearsandshallbeexercisablewithintheperiodasapprovedby the Committee. The exercise price of the stock options would be the market price as on the date of grant. The break-up of employee stock compensation expense is as follows: (Dollars in millions) |\n| Three months ended Six months ended Particulars September 30, September 30, 2025 2024 2025 2024 |\n| Granted to: KMP 2 2 4 4 |\n| Employees other than KMP 25 23 50 46 |\n| Total (1) 27 25 54 50 (1) |\n| Cash settled stock compensation expense included in the above - 1 1 1 ThefairvalueoftheawardsareestimatedusingtheBlack-ScholesModelfortimeandnon-marketperformancebasedoptionsandMonteCarlosimulationmodelis |\n| used for TSR based options. Theinputstothemodelincludethesharepriceatdateofgrant,exerciseprice,expectedvolatility,expecteddividends,expectedtermandtheriskfreerateofinterest. ExpectedvolatilityduringtheexpectedtermoftheoptionsisbasedonhistoricalvolatilityoftheobservedmarketpricesoftheCompany'spubliclytradedequityshares duringaperiodequivalenttotheexpectedtermoftheoptions.Expectedvolatilityofthecomparativecompanyhavebeenmodelledbasedonhistoricalmovementsin |\n| themarketpricesoftheirpubliclytradedequitysharesduringaperiodequivalenttotheexpectedtermoftheoptions.Correlationcoefficientiscalculatedbetween each peer entity and the indices as a whole or between each entity in the peer group. |\n| The fair value of each equity settled award is estimated on the date of grant using the following assumptions: Particulars For options granted in Fiscal 2026- Fiscal 2026- Fiscal 2026- Fiscal 2025- Fiscal 2025- Equity Shares- Equity Shares- ADS-ESOP Equity Shares- ADS-RSU RSU ESOP RSU Weighted average share price (₹) / ($ ADS) 1,507 1,554 17.93 1,428 18.09 Exercise price (₹)/ ($ ADS) 5.00 1,554 17.93 5.00 0.07 |\n| Expected volatility (%) 23-25 25-28 26-30 21-26 23-28 Expected life of the option (years) 1-4 3-7 3-7 1-4 1-4 Expected dividends (%) 2-3 2-3 2-3 2-3 2-3 Risk-free interest rate (%) 6 6 4 7 4-5 Weighted average fair value as on grant date (₹) / ($ ADS) 1,355 390 4.09 1,311 16.59 TheexpectedlifeoftheRSU/ESOPisestimatedbasedonthevestingtermandcontractualtermoftheRSU/ESOP,aswellasexpectedexercisebehaviorofthe |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 68, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "8251c3e2f6648618", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and six months ended September 30, 2025 | Page: 69\n\n| 2.12 Income Taxes |\n|---|\n| Accounting policy Incometaxexpensecomprisescurrentanddeferredincometax.Incometaxexpenseisrecognizedinnetprofitintheconsolidatedstatementofcomprehensiveincomeexceptto theextentthatitrelatestoitemsrecognizeddirectlyinequity,inwhichcaseitisrecognizedinequityorothercomprehensiveincome.Currentincometaxforcurrentandprior periodsisrecognizedattheamountexpectedtobepaidtoorrecoveredfromthetaxauthorities,usingthetaxratesandtaxlawsthathavebeenenactedorsubstantivelyenacted |\n| bytheBalanceSheetdate.Deferredincometaxassetsandliabilitiesarerecognizedforalltemporarydifferencesarisingbetweenthetaxbasesofassetsandliabilitiesandtheir carryingamountsinthefinancialstatementsexceptwhenthedeferredincometaxarisesfromtheinitialrecognitionofgoodwilloranassetorliabilityinatransactionthatisnota businesscombinationandaffectsneitheraccountingnortaxableprofitorlossatthetimeofthetransaction.Deferredtaxassetsarereviewedateachreportingdateandare reduced to the extent that it is no longer probable that the related tax benefit will be realized. DeferredincometaxassetsandliabilitiesaremeasuredusingtaxratesandtaxlawsthathavebeenenactedorsubstantivelyenactedbytheBalanceSheetdateandareexpectedto applytotaxableincomeintheyearsinwhichthosetemporarydifferencesareexpectedtoberecoveredorsettled.Theeffectofchangesintaxratesondeferredincometaxassets andliabilitiesisrecognizedasincomeorexpenseintheperiodthatincludestheenactmentorthesubstantiveenactmentdate.Adeferredincometaxassetisrecognizedtothe |\n| extentthatitisprobablethatfuturetaxableprofitwillbeavailableagainstwhichthedeductibletemporarydifferencesandtaxlossescanbeutilized.Deferredincometaxesarenot providedontheundistributedearningsofsubsidiariesandbrancheswhereitisexpectedthattheearningsofthesubsidiaryorbranchwillnotbedistributedintheforeseeable future. TheGroupoffsetscurrenttaxassetsandcurrenttaxliabilities;deferredtaxassetsanddeferredtaxliabilities,whereithasalegallyenforceablerighttosetofftherecognized amountsandwhereitintendseithertosettleonanetbasis,ortorealizetheassetandsettletheliabilitysimultaneously.Theincometaxprovisionfortheinterimperiodismade |\n| basedonthebestestimateoftheannualaveragetaxrateexpectedtobeapplicableforthefullfinancialyear.Taxbenefitsofdeductionsearnedonexerciseofemployeeshare options in excess of compensation charged to income are credited to equity. Income tax expense in the interim condensed consolidated statement of comprehensive income comprises: (Dollars in million) Three months ended September 30, Six months ended September 30, Particulars 2025 2024 2025 2024 Current taxes Domestic taxes 280 279 550 555 |\n| Foreign taxes 82 97 168 180 362 376 718 735 Deferred taxes Domestic taxes (23) (31) (39) (59) Foreign taxes (14) (18) (25) (32) (37) (49) (64) (91) Income tax expense 325 327 654 644 IncometaxexpenseforthethreemonthsendedSeptember30,2024includesprovisions(netofreversals)of$10million.IncometaxexpenseforthesixmonthsendedSeptember 30,2025andSeptember30,2024includesprovisions(netofreversals)of$13millionandprovisions(netofreversals)ofof$17million.Theseprovisionsandreversalspertaining |\n| to prior periods are primarily on account of adjudication of certain disputed matters, upon filing of tax return and completion of assessments, across various jurisdictions DeferredincometaxforthethreemonthsandsixmonthsendedSeptember30,2025andSeptember30,2024substantiallyrelatestooriginationandreversaloftemporary |\n| differences. TheCompany’sAdvancedPricingArrangement(APA)withtheInternalRevenueService(IRS)forUSbranchincometaxexpiredinMarch2021.TheCompanyhasappliedfor |\n| renewal of APA and currently the US taxable income is based on the Company’s best estimate determined based on the expected value method. AsatSeptember30,2025,claimsagainsttheGroupnotacknowledgedasdebtsfromtheIncometaxauthoritiesamountedto$226million(₹2,003crore).AsatMarch31,2025, |\n| claims against the Group not acknowledged as debts from the Income tax authorities amounted to $226 million (₹1,933 crore). Amountpaidtostatutoryauthoritiesagainstthetaxclaimsamountedto$137million(₹1,213crore)and$491million(₹4,199crore)asatSeptember30,2025andMarch31, |\n| 2025 respectively. TheclaimsagainsttheGroupprimarilyrepresentdemandsarisingoncompletionofassessmentproceedingsundertheIncomeTaxAct,1961.Theseclaimsareonaccountof issuesofdisallowanceofexpendituretowardssoftwarebeingheldascapitalinnature,paymentsmadetoAssociatedEnterprisesheldasliableforwithholdingoftaxes,among |\n| others.ThesemattersarependingbeforevariousIncomeTaxAuthoritiesandtheManagementincludingitstaxadvisorsexpectthatitspositionwilllikelybeupheldonultimate resolution and will not have a material adverse effect on the Group's financial position and results of operations. |\n| 2.13 Earnings per equity share |\n| Accounting Policy BasicearningsperequityshareiscomputedbydividingthenetprofitattributabletotheequityholdersoftheGroupbytheweightedaveragenumberofequitysharesoutstanding duringtheperiod.DilutedearningsperequityshareiscomputedbydividingthenetprofitattributabletotheequityholdersoftheGroupbytheweightedaveragenumberofequity sharesconsideredforderivingbasicearningsperequityshareandalsotheweightedaveragenumberofequitysharesthatcouldhavebeenissueduponconversionofalldilutive |\n| potentialequityshares.Thedilutivepotentialequitysharesareadjustedfortheproceedsreceivablehadtheequitysharesbeenactuallyissuedatfairvalue(i.e.theaveragemarket valueoftheoutstandingequityshares).Dilutivepotentialequitysharesaredeemedconvertedasatthebeginningoftheperiod,unlessissuedatalaterdate.Dilutivepotential equity shares are determined independently for each period presented. Thenumberofequitysharesandpotentiallydilutiveequitysharesareadjustedretrospectivelyforallperiodspresentedforanysharesplitsandbonussharesissuesincludingfor |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 69, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "583b8b1486b37105", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and six months ended September 30, 2025 | Page: 70\n\n| 2.14 Related party transactions ReferNote2.20\"Relatedpartytransactions\"intheCompany’s2025AnnualReportonForm20-FforthefullnamesandotherdetailsoftheCompany'ssubsidiariesandcontrolled |\n|---|\n| trusts. |\n| Changes in Subsidiaries |\n| During the six months ended September 30, 2025, the following are the changes in the subsidiaries: . Infosys Energy Consulting Services LLC , a wholly-owned subsidiary of Infosys Nova Holdings LLC was incorporated on April 16, 2025. . Infosys Saudi Arabia LLC, a wholly-owned subsidiary of Infosys Limited was incorporated on April 21, 2025. . Infosys Australia Technology Service Pty Ltd, a wholly-owned subsidiary of Infosys Singapore Pte. Limited was incorporated on April 23, 2025. . OnApril30,2025,InfosysNovaHoldingsLLC,awholly-ownedsubsidiaryofInfosysLimited,acquired98.21%ofpartnershipinterestsinMREConsultingLtdalongwithits |\n| subsidiaryMRETechnologyServices, LLC. The remaining1.79%was acquired byInfosys EnergyConsultingServices LLC , a Wholly-owned subsidiaryofInfosysNova Holdings LLC. . On April 30, 2025, Infosys Australia Technology Service Pty Ltd, a wholly owned subsidiary of Infosys Singapore Pte. Limited, acquired 100% of voting interests in The Missing Link Automation Pty Ltd, The Missing Link Network Integration Pty Ltd and The Missing Link Security Pty Ltd along with its subsidiary The Missing Link Security Ltd . in-tech Automotive Engineering de. R L de. C V, a wholly-owned subsidiary of in-tech GmbH has been liquidated effective May 07, 2025. . On May 13, 2025, Infosys Singapore Pte Ltd diluted 2% stake of HIPUS Co., Ltd to Mitsubishi Heavy Industries, Ltd. . |\n| Infosys BPM Canada Inc, a Wholly-owned subsidiary of Infosys BPM UK Limited was incorporated on July 28, 2025 . Infosys Germany Gmbh, a Wholly-owned subsidiary of Infosys Singapore Pte Ltd merged into Infosys Germany SE (formerly known as Blitz 24-893 SE) effective September 24, 2025 |\n| Transactions with key management personnel The table below describes the compensation to key management personnel which comprise directors and executive officers: (Dollars in millions) Particulars Three months ended September 30, Six months ended September 30, 2025 2024 2025 2024 |\n| Salaries and other short term employee benefits to whole-time directors and executive officers(1)(2) 4 4 7 7 Commission and other benefits to non-executive/ independent directors - - 1 1 Total 4 4 8 8 (1) Total employee stock compensation expense for the three months ended September 30, 2025 and September 30, 2024 includes a charge of $2 million and $2 million |\n| respectively,towardskeymanagementpersonnel.ForthesixmonthsendedSeptember30,2025andSeptember30,2024,includesachargeof$4millionand$4millionrespectively, towards key management personnel. (Refer note 2.11). (2) |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 70, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "6a7cc73226c0062f", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and six months ended September 30, 2025 | Page: 71\n\n| 2.15 Segment reporting IFRS8OperatingSegmentsestablishesstandardsforthewaythatpublicbusinessenterprisesreportinformationaboutoperatingsegmentsandrelateddisclosuresaboutproductsandservices, |\n|---|\n| geographic areas, and major customers. The Group's operations predominantly relate to providing end-to-end business solutions to enable clients to enhance business performance. The Chief OperatingDecision Maker (CODM) evaluates the Group's performance and allocates resources based onan analysis of various performance indicators bybusiness segments. |\n| Accordingly,informationhasbeenpresentedalongbusinesssegments.Theaccountingprinciplesusedinthepreparationofthefinancialstatementsareconsistentlyappliedtorecordrevenueand expenditure in individual segments, and are as set out in the accounting policies. BusinesssegmentsoftheGroupareprimarilyenterprisesinFinancialServicesandInsurance,enterprisesinManufacturing,enterprisesinRetail,ConsumerPackagedGoodsandLogistics, enterprisesintheEnergy,Utilities,ResourcesandServices,enterprisesinCommunication,TelecomOEMandMedia,enterprisesinHi-Tech,enterprisesinLifeSciencesandHealthcareandall |\n| othersegments.TheFinancialservicesreportablesegmentshasbeenaggregatedtoincludetheFinancialServicesoperatingsegmentandFinacleoperatingsegmentbecauseofthesimilarityofthe economic characteristics. All other segments represent the operating segments of businesses in India, Japan, China, Infosys Public Services & other enterprises in Public Services. Revenueandidentifiableoperatingexpensesinrelationtosegmentsarecategorizedbasedonitemsthatareindividuallyidentifiabletothatsegment.Revenuefor'allothersegments'represents revenuegeneratedbyInfosysPublicServicesandrevenuegeneratedfromcustomerslocatedinIndia,JapanandChinaandotherenterprisesinpublicservice.Allocatedexpensesofsegments includeexpensesincurredforrenderingservicesfromtheGroup'soffshoresoftwaredevelopmentcentersandon-siteexpenses,whicharecategorizedinrelationtotheassociatedeffortsofthe |\n| segment.Certainexpensessuchasdepreciationandamortization,whichformasignificantcomponentoftotalexpenses,arenotspecificallyallocabletospecificsegmentsastheunderlyingassets areusedinterchangeably.TheManagementbelievesthatitisnotpracticaltoprovidesegmentdisclosuresrelatingtothosecostsandexpenses,andaccordinglytheseexpensesareseparately disclosed as \"unallocated\" and adjusted against the total income of the Group. AssetsandliabilitiesusedintheGroup'sbusinessarenotidentifiedtoanyofthereportablesegments,astheseareusedinterchangeablybetweensegments.TheManagementbelievesthatitis |\n| currently not practicable to provide segment disclosures relating to total assets and liabilities since a meaningful segregation of the available data is onerous. |\n| Business segment revenue information is collated based on individual customers invoiced or in relation to which the revenue is otherwise recognized. |\n| Disclosure of revenue by geographic locations is given in note 2.16 Revenue from operations |\n| 2.15.1 Business segments For the three months ended September 30, 2025 and September 30, 2024 |\n| (Dollars in millions) Particulars Financial Manufacturing Energy, Retail(2) Communication(3) Hi-Tech Life All other Total |\n| Services(1) Utilities, Sciences(4) segments(5) Resources and Services Revenue 1,406 838 678 643 616 422 327 146 5,076 1,332 767 662 650 583 390 359 151 4,894 Identifiable operating expenses 801 507 381 321 388 267 206 92 2,963 747 486 378 322 378 226 223 100 2,860 Allocated expenses 256 132 126 126 112 68 60 33 913 243 126 113 117 98 70 63 33 863 Segment Profit 349 199 171 196 116 87 61 21 1,200 342 155 171 211 107 94 73 18 1,171 Unallocable expenses 135 138 Operating profit 1,065 1,033 Other income, net 112 85 Finance Cost 12 13 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 71, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "160c41b6c54a1b68", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and six months ended September 30, 2025 | Page: 72\n\n| Particulars |  |  | Financial M | anufacturing | Energy, | Retail(2) | Communication(3) | Hi-Tech | Life All | (Dollars in mi other | llions) Total |\n|---|---|---|---|---|---|---|---|---|---|---|---|\n| Revenue Identifiable operating expen Allocated expenses Segment Profit Unallocable expenses Operating profit Other income, net Finance Cost | ses |  | Services(1) 2,785 2,629 1,580 1,477 509 497 696 655 | an 1,634 1,460 1,006 940 263 244 365 276 | Utilities, Resources d Services 1,349 1,288 765 704 245 226 339 358 | 1,304 1,301 662 645 248 235 394 421 | 1,211 1,151 778 751 215 198 218 202 | Sci 807 767 496 439 134 136 177 192 | ences(4) segm 648 703 406 434 117 123 125 146 | ents(5) 280 309 169 191 64 66 47 52 | 10,018 9,608 5,862 5,581 1,795 1,725 2,361 2,302 268 276 2,093 2,026 234 186 24 26 |\n| Profit before income taxes Income tax expense Net profit Depreciation and amortizati Non-cash expenses other th (1) Financial Services inclu (2) Retail includes enterpris (3) Communication includes (4) Life Sciences includes en (5) Others include operating | on an depreciat de enterpris es in Retail, enterprises terprises in segments o | ion and amo es in Financi Consumer P in Communi Life science f businesses | rtization al Services an ackaged Good cation, Teleco s and Health c in India, Japa | d Insurance s and Logistics m OEM and Media are n, China, Infosys Pu | blic Services & ot | her enterpr | ises in Public Services |  |  |  | 2,303 2,186 654 644 1,649 1,542 268 276 - - |\n| 2.15.2 Significant clients |  |  |  |  |  |  |  |  |  |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 72, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "7ebed60d5262a3ed", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and six months ended September 30, 2025 | Page: 73\n\n| 2.16 Revenue from Operations |\n|---|\n| Accounting Policy: TheGroupderivesrevenuesprimarilyfromITservicescomprisingsoftwaredevelopmentandrelatedservices,cloudandinfrastructureservices,maintenance,consultingandpackage |\n| implementation, licensingof softwareproductsand platforms acrosstheGroup’scoreand digitalofferings(togethercalled as“software related services”)and businessprocess management services. Contracts with customers are either on a time-and-material, unit of work, fixed-price or on a fixed-timeframe basis. Revenuesfromcustomercontractsareconsideredforrecognitionandmeasurementwhenthecontracthasbeenapprovedinwriting,bytheparties,tothecontract,thepartiestocontract arecommittedtoperformtheirrespectiveobligationsunderthecontract,andthecontractislegallyenforceable.Revenueisrecognizedupontransferofcontrolofpromisedproductsor |\n| services(“performanceobligations”)tocustomersinanamountthatreflectstheconsiderationtheGrouphasreceivedorexpectstoreceiveinexchangefortheseproductsorservices (“transaction price”). When there is uncertainty as to collectability, revenue recognition is postponed until such uncertainty is resolved. TheGroupassessestheservicespromisedinacontractandidentifiesdistinctperformanceobligationsinthecontract.TheGroupallocatesthetransactionpriceto eachdistinct performanceobligationbasedontherelativestandalonesellingprice.Thepricethatisregularlychargedforanitemwhensoldseparatelyisthebestevidenceofitsstandaloneselling |\n| price.Intheabsenceofsuchevidence,theprimarymethodusedtoestimatestandalonesellingpriceistheexpectedcostplusamargin,underwhichtheGroupestimatesthecostof satisfying the performance obligation and then adds an appropriate margin based on similar services. TheGroup’scontractsmayincludevariableconsiderationincludingrebates,volumediscountsandpenalties.TheGroupincludesvariableconsiderationaspartoftransactionpricewhen thereisabasistoreasonablyestimatetheamountofthevariableconsiderationandwhenitisprobablethatasignificantreversalofcumulativerevenuerecognizedwillnotoccurwhen the uncertainty associated with the variable consideration is resolved. Revenueontime-and-materialandunitofworkbasedcontracts,arerecognizedastherelatedservicesareperformed.Fixedpricemaintenancerevenueisrecognizedratablyeitherona straight-linebasiswhenservicesareperformedthroughanindefinitenumberofrepetitiveactsoveraspecifiedperiodorratablyusingapercentageofcompletionmethodwhenthe patternofbenefitsfromtheservicesrenderedtothecustomerandGroup’scoststofulfilthecontractisnoteventhroughtheperiodofcontractbecausetheservicesaregenerallydiscrete |\n| innatureandnotrepetitive.Revenuefromotherfixed-price,fixed-timeframecontracts,wheretheperformanceobligationsaresatisfiedovertimeisrecognizedusingthepercentage-of- completionmethod.Effortsorcostsexpendedareusedtodetermineprogresstowardscompletionasthereisadirectrelationshipbetweeninputandproductivity.Progresstowards completionismeasuredastheratioofcostsoreffortsincurredtodate(representingworkperformed)totheestimatedtotalcostsorefforts.Estimatesoftransactionpriceandtotalcosts oreffortsarecontinuouslymonitoredoverthetermofthecontractsandarerecognizedinnetprofitintheperiodwhentheseestimateschangeorwhentheestimatesarerevised.Revenues andtheestimatedtotalcostsoreffortsaresubjecttorevisionasthecontractprogresses.Provisionsforestimatedlosses,ifany,onincompletecontractsarerecordedintheperiodin which such losses become probable based on the estimated efforts or costs to complete the contract. Thebillingschedulesagreedwithcustomersincludeperiodicperformancebasedbillingand/ormilestonebasedprogressbillings.Revenuesinexcessofbillingareclassifiedasunbilled |\n| revenue while billing in excess of revenues are classified as contract liabilities (which we refer to as unearned revenues). Inarrangementsforsoftwaredevelopmentandrelatedservicesandmaintenanceservices,byapplyingtherevenuerecognitioncriteriaforeachdistinctperformanceobligation,the arrangementswithcustomersgenerallymeetthecriteriaforconsideringsoftwaredevelopmentandrelatedservicesasdistinctperformanceobligations.Forallocatingthetransaction price,theGroupmeasurestherevenueinrespectofeachperformanceobligationofacontractatitsrelativestandalonesellingprice.Thepricethatisregularlychargedforanitemwhen |\n| soldseparatelyisthebestevidenceofitsstandalonesellingprice.IncaseswheretheGroupisunabletodeterminethestandalonesellingprice,theGroupusestheexpectedcostplus marginapproachinestimatingthestandalonesellingprice.Forsoftwaredevelopmentandrelatedservices,theperformanceobligationsaresatisfiedasandwhentheservicesarerendered since the customer generally obtains control of the work as it progresses. Certaincloudandinfrastructureservicescontractsincludemultipleelementswhichmaybesubjecttootherspecificaccountingguidance,suchasleasingguidance.Thesecontractsare accountedinaccordancewithsuchspecificaccountingguidance.InsucharrangementswheretheGroupisabletodeterminethathardwareandservicesaredistinctperformance |\n| obligations, itallocatestheconsiderationtotheseperformanceobligationsonarelativestandalonesellingpricebasis.Intheabsenceofstandalonesellingprice,theGroupusesthe expectedcost-plusmarginapproachinestimatingthestandalonesellingprice.Whensucharrangementsareconsideredasasingleperformanceobligation,revenueisrecognizedoverthe period and measure of progress is determined based on promise in the contract. Revenuefromlicenseswherethecustomerobtainsa“righttouse”thelicensesisrecognizedatthetimethelicenseismadeavailabletothecustomer.Revenuefromlicenseswherethe |\n| customer obtains a “right to access” is recognized over the access period. Arrangementstodeliversoftwareproductsgenerallyhavethreeelements:license,implementationandAnnualTechnicalServices(ATS).Whenimplementationservicesareprovidedin conjunctionwiththelicensingarrangementandthelicenseandimplementationhavebeenidentifiedastwodistinctseparateperformanceobligations,thetransactionpriceforsuch contractsareallocatedtoeachperformanceobligationofthecontractbasedontheirrelativestandalonesellingprices.Intheabsenceofstandalonesellingpriceforimplementation,the Groupusestheexpectedcostplusmarginapproachinestimatingthestandalonesellingprice.Wherethelicenseisrequiredtobesubstantiallycustomizedaspartoftheimplementation |\n| servicetheentirearrangementfeeforlicenseandimplementationisconsideredtobeasingleperformanceobligationandtherevenueisrecognizedusingthepercentage-of-completion methodastheimplementationisperformed.Revenuefromclienttraining,supportandotherservicesarisingduetothesaleofsoftwareproductsisrecognizedastheperformance obligations are satisfied. ATS revenue is recognized ratably on a straight-line basis over the period in which the services are rendered. Contractswithcustomersincludessubcontractorservicesorthird-partyvendorequipmentorsoftwareincertainintegratedservicesarrangements.Inthesetypesofarrangements,revenue fromsalesofthird-partyvendorproductsorservicesisrecordednetofcostswhentheGroupisactingasanagentbetweenthecustomerandthevendor,andgrosswhentheGroupisthe principalforthetransaction.Indoingso,theGroupfirstevaluateswhetheritobtainscontrolofthespecifiedgoodsorservicesbeforetheyaretransferredtothecustomer.TheGroup |\n| considerswhetheritisprimarilyresponsibleforfulfillingthepromisetoprovidethespecifiedgoodsorservices,inventoryrisk,pricingdiscretionandotherfactorstodeterminewhether it controls the specified goods or services and therefore, is acting as a principal or an agent. Acontractmodificationisachangeinthescopeorpriceorbothofacontractthatisapprovedbythepartiestothecontract.Acontractmodificationthatresultsintheadditionofdistinct performanceobligationsareaccountedforeitherasaseparatecontractiftheadditionalservicesarepricedatthestandalonesellingpriceorasaterminationoftheexistingcontractand |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 73, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "683c915b5ecc5706", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and six months ended September 30, 2025 | Page: 74\n\n| them. Certaineligible,nonrecurringcosts(e.g.set-uportransitionortransformationcosts)thatdonotrepresentaseparateperformanceobligationarerecognizedasanassetwhensuchcosts(a) |\n|---|\n| relate directly to the contract; (b) generate or enhance resources of the Group that will be used in satisfying the performance obligation in the future; and (c) are expected to be recovered. Capitalizedcontractcostsrelatingtoupfrontpaymentstocustomersareamortizedtorevenueandothercapitalizedcostsareamortizedtocostofsalesovertherespectivecontractlifeon |\n| asystematicbasisconsistentwiththetransferofgoodsorservicestocustomertowhichtheassetrelates.Capitalizedcostsaremonitoredregularlyforimpairment.Impairmentlossesare recorded when present value of projected remaining operating cash flows is not sufficient to recover the carrying amount of the capitalized costs. |\n| The Group presents revenues net of indirect taxes in its interim Consolidated Statement of Comprehensive Income. Revenues for the three months and six months ended September 30, 2025 and September 30, 2024 is as follows (Dollars in millions) Particulars Three months ended September 30, Six months ended September 30, |\n| 2025 2024 2025 2024 Revenue from software services 4,837 4,673 9,551 9,169 Revenue from products and platforms 239 221 467 439 Total revenue from operations 5,076 4,894 10,018 9,608 |\n| Products & platforms TheGroupalsoderivesrevenuesfromthesaleofproductsandplatformslikeFinacle–corebankingsolution,EdgeSuiteofproducts,Panayaplatform,Staterdigitalplatformand |\n| Infosys McCamish – insurance platform. |\n| Disaggregated revenue information Revenuedisaggregationbybusinesssegmentshasbeenincludedinsegmentinformation(Refernote2.15).Thetablebelowpresentsdisaggregatedrevenuesfromcontractswith customersbygeographyandcontracttype.TheGroupbelievesthatthisdisaggregationbestdepictshowthenature,amount,timinganduncertaintyofrevenuesandcashflowsare |\n| affected by industry, market and other economic factors. For the three months and six months ended September 30, 2025 and September 30, 2024 (Dollars in millions) Particulars Three months ended September 30, Six months ended September 30, 2025 2024 2025 2024 Revenues by Geography* North America 2,856 2,807 5,645 5,582 |\n| Europe 1,611 1,458 3,171 2,799 India 158 154 301 301 Rest of the world 451 475 901 926 Total 5,076 4,894 10,018 9,608 * Geographical revenue is based on the domicile of customer Thepercentageofrevenuefromfixed-pricecontractsforeachofthethreemonthsendedSeptember30,2025andSeptember30,2024is54%.Thepercentageofrevenuefromfixed- |\n| price contracts for each of the six months ended September 30, 2025 and September 30, 2024 is 54%. |\n| Trade Receivables and Contract Balances Thetimingofrevenuerecognition,billingsandcashcollectionsresultsinreceivables,unbilledrevenue,andunearnedrevenueontheGroup’sConsolidatedBalanceSheet.Amountsare billed as work progresses in accordance with agreed-upon contractual terms, either at periodic intervals (e.g., monthly or quarterly) or upon achievement of contractual milestones. TheGroup’sreceivablesarerightstoconsiderationthatareunconditional.Unbilledrevenuescomprisingrevenuesinexcessofbillingsfromtimeandmaterialcontractsandfixedprice maintenance contracts are classified as financial asset when the right to consideration is unconditional and is due only after a passage of time. |\n| Invoicingtotheclientsforotherfixedpricecontractsisbasedonmilestonesasdefinedinthecontractandthereforethetimingofrevenuerecognitionisdifferentfromthetimingof invoicingtothecustomers.Therefore,unbilledrevenuesforotherfixedpricecontracts(contractasset)areclassifiedasnon-financialassetbecausetherighttoconsiderationisdependent on completion of contractual milestones. Invoicing in excess of earnings are classified as unearned revenue. |\n| Trade receivable and unbilled revenues are presented net of impairment in the consolidated balance sheet. 2.17 Unbilled Revenue (Dollars in millions) |\n| Particulars As at September 30, 2025 March 31, 2025 Unbilled financial asset (1) 1,261 1,195 |\n| Unbilled non financial asset (2) 611 569 |\n| Total 1,872 1,764 (1) Right to consideration is unconditional and is due only after a passage of time. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 74, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "08604c07481f2e4f", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and six months ended September 30, 2025 | Page: 75\n\n| X22AO2.18 Equity |\n|---|\n| Accounting policy |\n| Ordinary Shares Ordinarysharesareclassifiedasequity.Incrementalcostsdirectlyattributabletotheissuanceofnewordinaryshares,shareoptionsandbuybackarerecognizedasa |\n| deduction from equity, net of any tax effects. |\n| Treasury Shares WhenanyentitywithintheGrouppurchasesthecompany'sordinaryshares,theconsiderationpaidincludinganydirectlyattributableincrementalcostispresentedas adeductionfromtotalequity,untiltheyarecancelled,soldorreissued.Whentreasurysharesaresoldorreissuedsubsequently,theamountreceivedisrecognizedas |\n| an increase in equity, and the resulting surplus or deficit on the transaction is transferred to/ from Share premium. |\n| Share premium Theamountreceivedinexcessoftheparvaluehasbeenclassifiedassharepremium.Additionally,share-basedcompensationrecognizedinnetprofitintheinterim condensedconsolidatedstatementofcomprehensiveincomeiscreditedtosharepremium.Amountshavebeenutilizedforbonusissueandsharebuybackfromshare |\n| premium account. |\n| The Company has only one class of shares referred to as equity shares having a par value of ₹5/-. |\n| Retained earnings |\n| Retained earnings represent the amount of accumulated earnings of the Group. |\n| Other Reserves TheSpecialEconomicZoneRe-investmentreservehasbeencreatedoutoftheprofitoftheeligibleSEZunitintermsoftheprovisionsofSec10AA(1)(ii)ofIncome |\n| TaxAct,1961.ThereserveshouldbeutilizedbytheCompanyforacquiringnewplantandmachineryforthepurposeofitsbusinessintermsoftheprovisionsofthe Sec 10AA (2) of the Income Tax Act, 1961. |\n| Capital Redemption Reserve Inaccordancewithsection69oftheIndianCompaniesAct,2013,theCompanycreatescapitalredemptionreserveequaltothenominalvalueofthesharesbought |\n| back as an appropriation from general reserve / retained earnings. |\n| Cash flow hedge reserve When a derivative is designated as a cash flow hedging instrument, the effective portion of changes in the fair value of the derivative is recognized in other |\n| comprehensiveincomeandaccumulatedinthecashflowhedgingreserve.Thecumulativegainorlosspreviouslyrecognizedinthecashflowhedgingreserveis transferred to the net profit in the interim condensed consolidated Statement of Comprehensive Income upon the occurrence of the related forecasted transaction. |\n| Other components of equity Othercomponentsofequityincludecurrencytranslation,re-measurementofnetdefinedbenefitliability/asset,fairvaluechangesofequityinstrumentsfairvalued |\n| through other comprehensive income, changes on fair valuation of investments, net of taxes. 2.18.1 Voting |\n| Eachholderofequitysharesisentitledtoonevotepershare.TheequitysharesrepresentedbyAmericanDepositaryShares(ADS)carrysimilarrightstovotingand dividends as the other equity shares. Each ADS represents one underlying equity share. |\n| 2.18.2 Liquidation Intheeventofliquidationofthecompany,theholdersofsharesshallbeentitledtoreceiveanyoftheremainingassetsofthecompany,afterdistribution ofall preferentialamounts.However,nosuchpreferentialamountsexistcurrently,otherthantheamountsheldbyirrevocablecontrolledtrusts.Theamountdistributedwill |\n| be in proportion to the number of equity shares held by the shareholders. For irrevocable controlled trusts, the corpus would be settled in favor of the beneficiaries. |\n| 2.18.3 Share options |\n| There are no voting, dividend or liquidation rights to the holders of options issued under the company's share option plans. |\n| 2.18.4 Share capital and share premium TheCompanyhasonlyoneclassofsharesreferredtoasequityshareshavingaparvalueof₹5/-each.9,091,403sharesand9,655,927shareswereheldbycontrolled |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 75, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "fc0b9958b963abf3", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and six months ended September 30, 2025 | Page: 76\n\n| Effectivefiscal2025,theCompanyexpectstocontinueitspolicyofreturningapproximately85%ofthefreecashflowcumulativelyovera5-yearperiodthrougha combination of semi-annual dividends and/or share buyback/ special dividends subject to applicable laws and requisite approvals, if any. Underthispolicy,theCompanyexpectstoprogressivelyincreaseitsannualdividendpershare(excludingspecialdividendifany).Freecashflowisdefinedasnet cashprovidedbyoperatingactivitieslesscapitalexpenditureaspertheconsolidatedstatementofcashflowspreparedunderIFRS.Dividendandbuybackinclude |\n|---|\n| applicable taxes. |\n| Update on buyback announced in September 2025 TheBoard,atitsmeetingonSeptember11,2025,approvedaproposalfortheCompanytobuybackitsfullypaid-upequitysharesoffacevalueof₹5/-eachfromthe eligibleequityshareholdersoftheCompanyforanamountof₹18,000crore,subjecttoshareholders'approvalbywayofPostalBallot.TheBuybackofferifapproved byshareholderswouldcompriseapurchaseof10,00,00,000EquitySharescomprisingapproximately2.41%ofthetotalpaid-upequitysharecapitaloftheCompany asofJune30,2025(onstandalonebasis)atapriceof₹1,800perEquityshare.Thebuybackisproposedtobemadefromalleligibleequityshareholders(including |\n| thosewhobecomeequityshareholdersasontheRecorddatebycancellingAmericanDepositorySharesandwithdrawingunderlyingEquityshares)oftheCompany asontheRecordDate(tobedeterminedbytheBoard/BuybackCommittee)onaproportionatebasisthroughthe\"Tenderoffer\"route.TheCompanyhassentouta noticetoitsshareholdersasofSeptember26,2025seekingtheapprovaloftheshareholdersthroughpostalballot.Thevotingforthispostalballotisexpectedtoend on November 4, 2025. TheCompany’sobjectivewhenmanagingcapitalistosafeguarditsabilitytocontinueasagoingconcernandtomaintainanoptimalcapitalstructuresoasto maximizeshareholdervalue.Inordertomaintainorachieveanoptimalcapitalstructure,theCompanymayadjusttheamountofdividendpayment,returncapitalto |\n| shareholders,issuenewsharesorbuybackissuedshares.AsofSeptember30,2025,theCompanyhasonlyoneclassofequitysharesandhasnodebt.Consequentto the above capital structure there are no externally imposed capital requirements. |\n| Dividend Thefinaldividendonsharesisrecordedasaliabilityonthedateofapprovalbytheshareholdersandinterimdividendsarerecordedasaliabilityonthedateof declarationbytheCompany'sBoardofDirectors.Incometaxconsequencesofdividendsonfinancialinstrumentsclassifiedasequitywillberecognizedaccordingto |\n| where the entity originally recognized those past transactions or events that generated distributable profits. TheCompanydeclaresandpaysdividendsinIndianrupees.Companiesarerequiredtopay/distributedividendafterdeductingapplicabletaxes.Theremittanceof |\n| dividends outside India is governed by Indian law on foreign exchange and is also subject to withholding tax at applicable rates. |\n| The amount of per share dividend recognized as distribution to equity shareholders is as follows: Six months ended September 30, 2025 Six months ended September 30, 2024 Particulars in ₹ in US Dollars in ₹ in US Dollars |\n| Final dividend for fiscal 2025 22.00 0.26 - - Special dividend for fiscal 2024 - - 8.00 0.10 Final dividend for fiscal 2024 - - 20.00 0.24 TheBoardofDirectorsintheirmeetingheldonApril17,2025recommendedafinaldividendof₹22/-perequityshare(approximately$0.26perequityshare)forthe |\n| financialyearendedMarch31,2025.ThesamewasapprovedbytheshareholdersattheAnnualGeneralMeeting(AGM)oftheCompanyheldonJune25,2025 which resulted in a net cash outflow of $1,062 million, excluding dividend paid on treasury shares. The final dividend was paid on June 30, 2025. TheBoardofDirectorsintheirmeetingheldonOctober16,2025declaredaninterimdividendof₹23/-perequityshare(approximately$0.26perequityshare) |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 76, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "b72b7fef23a7690e", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and six months ended September 30, 2025 | Page: 77\n\n| X20AOX20AO2.19 Break-up of expenses and other income, net |\n|---|\n| Accounting policy |\n| 2.19.1 Gratuity and Pensions TheGroupprovidesforgratuity,adefinedbenefitretirementplan('theGratuityPlan')coveringeligibleemployeesmajorlyofInfosysanditsIndiansubsidiaries.TheGratuity Planprovidesalump-sumpaymenttovestedemployeesatretirement,death,incapacitationorterminationofemployment,ofanamountbasedontherespectiveemployee's salaryandthetenureofemploymentwiththeGroup.TheCompanycontributesGratuityliabilitiestotheInfosysLimitedEmployees'GratuityFundTrust(theTrust).Incase |\n| ofInfosysBPMandEdgeVerve,contributionsaremadetotheInfosysBPMEmployees'GratuityFundTrustandEdgeVerveSystemsLimitedEmployees'GratuityFundTrust, respectively.TrusteesadministercontributionsmadetotheTrustsandcontributionsareinvestedinaschemewiththeLifeInsuranceCorporationofIndiaaspermittedby Indian law. TheGroupoperatesdefinedbenefitpensionplanincertainoverseasjurisdictions,inaccordancewiththelocallaws.Theseplansaremanagedbythirdpartyfundmanagers. |\n| Theplansprovideforperiodicpayoutsafterretirementorforalumpsumpaymentassetoutinrulesofeachfundandincludesdeathanddisabilitybenefits.Thedefined benefit plans require contributions which are based on a percentage of salary that varies depending on the age of the respective employees. Liabilitieswithregardtothesedefinedbenefitplansaredeterminedbyactuarialvaluation,performedbyanexternalactuary,ateachBalanceSheetdateusingtheprojected |\n| unit credit method. These defined benefit plans expose the Group to actuarial risks, such as longevity risk, interest rate risk and market risk. TheGrouprecognizesthenetobligationofadefinedbenefitplaninitsBalanceSheetasanassetorliability.Gainsandlossesthroughre-measurementsofthenetdefined benefitliability/(asset)arerecognizedinothercomprehensiveincomeandarenotreclassifiedtoprofitorlossinsubsequentperiods.Theactualreturnoftheportfolioofplan |\n| assets,inexcessoftheyieldscomputedbyapplyingthediscountrateusedtomeasurethedefinedbenefitobligationisrecognizedinothercomprehensiveincome.Theeffect of any plan amendments is recognized in net profits in the interim condensed consolidated statement of comprehensive income. |\n| 2.19.2 Superannuation Certain employees ofInfosys, Infosys BPMand EdgeVerve are participants in a defined contribution plan. The Group has nofurther obligations tothe Plan beyondits |\n| monthly contributions which are periodically contributed to a trust fund, the corpus of which is invested with the Life Insurance Corporation of India. |\n| 2.19.3 Provident fund EligibleemployeesofInfosysreceivebenefitsfromaprovidentfund,whichisadefinedbenefitplan.Boththeeligibleemployeeandthecompanymakemonthlycontributions totheprovidentfundplanequaltoaspecifiedpercentageofthecoveredemployee'ssalary.ThecompanycontributesaportionofthecontributionstotheInfosysLimited |\n| Employees'ProvidentFundTrust.ThetrustinvestsinspecificdesignatedinstrumentsaspermittedbyIndianlaw.Theremainingportioniscontributedtothegovernment administeredpensionfund.TherateatwhichtheannualinterestispayabletothebeneficiariesbythetrustisbeingadministeredbytheGovernmentofIndia.Thecompany has an obligation to make good the shortfall, if any, between the return from the investments of the Trust and the notified interest rate. InrespectofIndiansubsidiaries,eligibleemployeesreceivebenefitsfromaprovidentfund,whichisadefinedcontributionplan.Boththeeligibleemployeeandtherespective |\n| companiesmakemonthlycontributionstothisprovidentfundplanequaltoaspecifiedpercentageofthecoveredemployee'ssalary.Amountscollectedundertheprovident fund plan are deposited in a government administered provident fund. The companies have no further obligation to the plan beyond its monthly contributions. |\n| 2.19.4 Compensated absences TheGrouphasapolicyoncompensatedabsenceswhicharebothaccumulatingandnon-accumulatinginnature.Theexpectedcostofaccumulatingcompensatedabsencesis determinedbyactuarialvaluationperformedbyanexternalactuaryateachbalancesheetdateusingprojectedunitcreditmethodontheadditionalamountexpectedtobe |\n| paid/availedasaresultoftheunusedentitlementthathasaccumulatedatthebalancesheetdate.Expenseonnon-accumulatingcompensatedabsencesisrecognizedinthe period in which the absences occur. |\n| 2.19.5 Other income, net Otherincomeiscomprisedprimarilyofinterestincome,dividendincome,gain/lossoninvestmentandexchangegain/lossonforwardandoptionscontractsandontranslation offoreigncurrencyassetsandliabilities.Interestincomeisrecognizedusingtheeffectiveinterestmethod.Dividendincomeisrecognizedwhentherighttoreceivepaymentis |\n| established. |\n| 2.19.6 Foreign Currency |\n| Functional currency and presentation currency ThefunctionalcurrencyofInfosys,itsIndiansubsidiariesandcontrolledtrustsistheIndianrupee.Thefunctionalcurrenciesforforeignsubsidiariesaretheirrespectivelocal currencies.ThesefinancialstatementsarepresentedinU.S.dollars(roundedofftothenearestmillion)tofacilitatetheinvestors’abilitytoevaluateInfosys’performanceand |\n| financial position in comparison to similar companies domiciled in other geographic locations. |\n| Transactions and translations Foreign-currencydenominatedmonetaryassetsandliabilitiesaretranslatedintotherelevantfunctionalcurrencyatexchangeratesineffectattheBalanceSheetdate.The gainsorlossesresultingfromsuchtranslationsarerecognizedintheinterimcondensedConsolidatedStatementofComprehensiveIncomeandreportedwithinexchange gains/(losses)ontranslationofassetsandliabilities,net, exceptwhendeferredinOtherComprehensiveIncomeasqualifyingcashflowhedges.Non-monetaryassetsandnon |\n| monetaryliabilitiesdenominatedinaforeigncurrencyandmeasuredatfairvaluearetranslatedattheexchangerateprevalentatthedatewhenthefairvaluewasdetermined. Non-monetaryassetsandnon-monetaryliabilitiesdenominatedinaforeigncurrencyandmeasuredathistoricalcostaretranslatedattheexchangerateprevalentatthedateof transaction. The related revenue and expense are recognized using the same exchange rate. Transactiongainsorlossesrealizeduponsettlementofforeigncurrencytransactionsareincludedindeterminingnetprofitfortheperiodinwhichthetransactionissettled. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 77, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "7fc40c5d47b02714", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and six months ended September 30, 2025 | Page: 78\n\n| profitintheStatementofComprehensiveIncome.However,whenachangeintheparent'sownershipdoesnotresultinlossofcontrolofasubsidiary,suchchangesare recorded through equity. OtherComprehensiveIncome,netoftaxesincludestranslationdifferencesonnon-monetaryfinancialassetsmeasuredatfairvalueatthereportingdate,suchasequities |\n|---|\n| classified as financial instruments and measured at fair value through other comprehensive income (FVOCI). Goodwillandfairvalueadjustmentsarisingontheacquisitionofaforeignentityaretreatedasassetsandliabilitiesoftheforeignentityandtranslatedattheexchangeratein |\n| effect at the Balance Sheet date. |\n| 2.19.7 Government grants TheGrouprecognizesgovernmentgrantsonlywhenthereisreasonableassurancethattheconditionsattachedtothemshallbecompliedwith,andthegrantswillbereceived. Governmentgrantsrelatedtoassetsaretreatedasdeferredincomeandarerecognizedinthenetprofitinthestatementofcomprehensiveincomeonasystematicandrational |\n| basisovertheusefullifeoftheasset.Governmentgrantsrelatedtorevenuearerecognizedonasystematicbasisinthestatementofcomprehensiveincomeovertheperiods necessary to match them with the related costs which they are intended to compensate. |\n| 2.19.8 Operating Profits |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 78, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "9ec39de3229106ee", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and six months ended September 30, 2025 | Page: 79\n\n| The table below Cost of sales Particulars Employee benefi Depreciation and Travelling costs Cost of technical | provides details of break-up of expenses: t costs amortization sub-contractors | Three mont | hs ended September 2025 2,394 135 39 443 | 30, 2024 2,316 138 36 381 | Six months | (Dollars ended Sept 2025 4,784 268 77 852 | in mill ember | ions) 30, 2024 4,573 276 75 761 |\n|---|---|---|---|---|---|---|---|---|\n| Cost of software Third party item Consultancy and Communication Repairs and mai Provision for po Others Total Selling and mar Particulars Employee benefi | packages for own use s bought for service delivery to clients professional charges costs ntenance st-sales client support and other provisions keting expenses t costs | Three mont | 73 380 (1) 10 17 9 17 3,516 hs ended September 2025 191 | 69 398 8 11 14 16 13 3,400 30, 2024 173 | Six months | 148 739 - 18 34 (12) 25 6,933 (Dollars ended Sept 2025 379 | in mill ember | 136 742 21 19 29 3 24 6,659 ions) 30, 2024 343 |\n| Travelling costs Branding and ma Consultancy and Communication Others Total Administrative Particulars Employee benefi Consultancy and Repairs and mai Power and fuel | rketing professional charges costs expenses t costs professional charges ntenance | Three mont | 15 33 10 1 4 254 hs ended September 2025 92 45 32 7 | 12 30 5 - 1 221 30, 2024 86 41 31 7 | Six months | 30 78 16 1 8 512 (Dollars ended Sept 2025 185 93 63 13 | in mill ember | 24 72 9 - 6 454 ions) 30, 2024 169 77 62 15 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 79, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "2e17e5f011005c1d", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: INFOSYS LIMITED AND SUBSIDIARIES > for the three months and six months ended September 30, 2025 | Page: 80\n\n| Gain/(loss) on i Gain/(loss) on i Exchange gains Exchange gains Others Total | nvestme nvestme / (losses / (losses | nts nts ) o ) o | carried carried n forwa n transl | at fair v at amor rd and o ation of | alue through tized cost ptions contr other assets | profit or loss acts and liabilities |  | 6 6 (77) 91 2 112 |  | 9 - (48) 46 7 85 | 15 9 (156) 178 8 234 | 22 - (43) 46 11 186 |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| for and on beha Nandan M. Nile Chairman | lf of the kani | Bo | ard of D | irector | s of Infosys L | imited Salil Parekh |  |  | Bobby Pa | rikh |  |  |\n| Bengaluru |  |  |  |  |  | Chief Execut and Managi Jayesh Sang | ive Officer ng Director hrajka |  | Director A.G.S. Ma | nikantha |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 80, "section": "INFOSYS LIMITED AND SUBSIDIARIES", "subsection": "for the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "df76bd3f9d7c976e", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 | Page: 84\n\n| ex |  | Page No. |\n|---|---|---|\n| dens | ed Conso | lidated Balance Sheet………………………………………………………………………………1 |\n| dens | ed Conso | lidated Statement of Comprehensive Income………………………………………………………2 |\n| dens | ed Conso | lidated Statement of Changes in Equity ……………………………………..……………………3 |\n| dens | ed Conso | lidated Statement of Cash Flows……………………………………………………………………5 |\n| rvie | w and No | tes to the Interim Condensed Consolidated Financial Statements |\n| verv | iew |  |\n| 1.1 C | ompany | overview …………………………………………………….………………………………………7 |\n| 1.2 B | asis of pr | eparation of financial statements …………………………………………………….……………7 |\n| 1.3 B | asis of co | nsolidation……………………………………………………………………………… 7 |\n| 1.4 U | se of esti | mates and judgments…………………………………………………………………. 7 |\n| 1.5 C | ritical ac | counting estimates and judgements…………………………………………………………………7 |\n| 1.6 R | ecent acc | ounting pronouncements…………………………………………………………….. 8 |\n| otes | to the In | terim Condensed Consolidated Financial Statements |\n| 2.1 C | ash and c | ash equivalents ……………………………………………………………………….. 9 |\n| 2.2 I | nvestmen | ts…………………………………………………………………………………………. 9 |\n| 2.3 F | inancial i | nstruments………………………………………………………………………………. 11 |\n| 2.4 P | repayme | nts and other assets………………………………………………………………………. 15 |\n| 2.5 O | ther liabi | lities……………………………………………………………………………………….. 16 |\n| 2.6 P | rovisions | and other contingencies…………………………………………………………………………1…7 |\n| 2.7 P | roperty, p | lant and equipment……………………………………………………………………….. 19 |\n| 2.8 L | eases…… | ………………..……………………………………………………………………….. 21 |\n| 2.9 G | oodwill | and Intangible Assets...……………………………………………………………..... 23 |\n| 2.10 | Business | combinations ………………………………...………………………………………. 24 |\n| 2.11 | Employe | es' Stock Option Plans (ESOP)……………………………………………………………………25 |\n| 2.12 | Income T | axes……………………………………………………………………………………. 27 |\n| 2.13 | Earnings | per equity share……………………………………………………………………………………28. |\n| 2.14 | Related p | arty transactions……………………………………………………………………………………28 |\n| 2.15 | Segment | reporting…………………………………………………………………………………………29 |\n| 2.16 | Revenue | from Operations………………………………………………………………………………….3.1 |\n| 2.17 | Unbilled | Revenue……………………………………………………………………………….. 32 |\n| 2.18 | Equity… | ………………….………………………………………………………………………… 33 |\n| 2.19 | Break-up | of expenses and other income, net………………...……………………………...... 35 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 84, "section": "for the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "08a4fe9a5c640667", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 | Page: 85\n\n| Infosys Limited | and subsidiaries |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|\n| Condensed Consol ASSETS Current assets Cash and cash equi Current investments Trade receivables Unbilled revenue Prepayments and ot Income tax assets Derivative financial Total current asse Non-current asset Property, plant and Right-of-use assets Goodwill Intangible assets Non-current invest Unbilled revenue Deferred income ta Income tax assets Other non-current a Total non-current Total assets LIABILITIES AN | idated Balance Sheet valents her current assets instruments ts s equipment ments x assets ssets assets D EQUITY | as at |  |  | (In ₹ cr Note September 3 2.1 2.2 2.17 2.4 2.12 2.3 2.7 2.8 2.9 2.2 2.17 2.12 2.12 2.4 | ore except equity shar 0, 2025 March 3 31,832 12,606 33,968 14,313 12,986 26 36 105,767 12,892 6,390 11,502 3,168 10,879 2,308 1,526 2,006 3,942 54,613 160,380 | e data) 1, 2025 24,455 12,482 31,158 12,851 12,986 2,975 192 97,099 12,800 6,311 10,106 2,766 11,059 2,232 1,108 1,622 3,800 51,804 148,903 |\n| Current liabilities Trade payables Lease liabilities Derivative financial Current income tax Unearned revenue Employee benefit o Provisions Other current liabili Total current liabi Non-current liabil Lease liabilities Deferred income ta Employee benefit o Other non-current li Total non-current Total liabilities Equity Share capital - ₹5 authorized, issued shares fully paid September 30, 2025 Share premium Retained earnings Cash flow hedge re Other reserves Capital redemption Other components o | instruments liabilities bligations ties lities ities x liabilities bligations abilities liabilities par value 4,800,000, and outstanding 4,14 up, net of 9,091,403 (March 31, 2025) serves reserve f equity | 000 (4,800, 5,309,946 (9,655,927) | 000,000) equity (4,143,607,528) treasury shares | shares equity as at | 2.8 2.3 2.12 2.6 2.5 2.8 2.12 2.5 2.18 | 3,839 2,772 498 5,593 9,022 3,335 1,632 19,707 46,398 5,983 1,688 107 2,460 10,238 56,636 2,074 2,586 87,944 (12) 5,675 169 4,894 | 4,164 2,455 63 4,853 8,492 2,908 1,475 18,440 42,850 5,772 1,722 99 2,257 9,850 52,700 2,073 2,180 80,096 (18) 8,298 169 3,020 |\n| Total equity attrib Non-controlling int Total equity Total liabilities an The accompanying As per our report o for Deloitte Haskin Chartered Account | utable to equity holde erests d equity notes form an integral f even date attached s & Sells LLP ants | rs of the C part of the in | ompany terim condense for and on behal | d consolidated financi f of the Board of Dire | al statements. ctors of Infosys Limited | 103,330 414 103,744 160,380 | 95,818 385 96,203 148,903 |\n| Firm’s Registration 117366W/ W-1000 Vikas Bagaria | No: 18 |  | Nandan M. Nil | ekani | Salil Parekh | Bobby Parik | h |\n| Partner Membership No. 06 Bengaluru | 0408 |  | Chairman Jayesh Sanghra | jka | Chief Executive Officer and Managing Director A.G.S. Manikantha | Director |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 85, "section": "for the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "e1dee9cd106e7b41", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 | Page: 86\n\n| Infosys Limite Condensed Conso Revenues Cost of sales Gross profit Operating expens | d and subsid lidated Statem es | iaries ent of Comprehe | nsive Income fo | r the | Note 2.16 2.19 | T | hree mo | nt 2 44, 30, 13, | (In hs ended Se 025 490 800 690 | ₹ crore e ptembe | xcept equity r 30, Si 2024 40,986 28,474 12,512 | share x mont | and per equity share hs ended Septembe 2025 86,769 60,025 26,744 | data) r 30, 2024 80,300 55,651 24,649 |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| Selling and m Administrativ Total operating ex Operating profit Other income, net Finance cost Profit before inco Income tax expens Net profit Other comprehen Items that will not Remeasurement of Equity instruments Items that will be r | arketing expens e expenses penses me taxes e sive income be reclassified the net defined through other eclassified sub | es subsequently to pr benefit liability/as comprehensive inc sequently to profit | ofit or loss set, net ome, net or loss |  | 2.19 2.19 2.19 2.12 2.2 |  |  | 2, 2, 4, 9, 10, 2, 7, ( ( | 224 113 337 353 982 106 229 854 375 38) (8) 46) |  | 1,855 2,008 3,863 8,649 712 108 9,253 2,737 6,516 78 (9) 69 |  | 4,431 4,156 8,587 18,157 2,024 211 19,970 5,670 14,300 (108) 27 (81) | 3,792 3,920 7,712 16,937 1,551 214 18,274 5,384 12,890 98 5 103 |\n| Fair value changes Exchange differenc Fair value changes Total other comp | on derivatives es on translatio on investments rehensive inco | designated as cash n of foreign operat , net me/(loss), net of ta | flow hedge, net ions x |  | 2.2 |  |  | ( | - 862 34) 828 782 |  | (21) 560 86 625 694 |  | 6 1,881 89 1,976 1,895 | (24) 456 126 558 661 |\n| Total comprehens Profit attributabl Owners of the Com Non-controlling in Total comprehens Owners of the Com | ive income e to: pany terests ive income att pany | ributable to: |  |  |  |  |  | 8, 7, 7, 8, | 157 364 11 375 140 |  | 7,210 6,506 10 6,516 7,190 |  | 16,195 14,285 15 14,300 16,165 | 13,551 12,874 16 12,890 13,527 |\n| Non-controlling in Earnings per equi Equity shares of pa Basic (₹) Diluted (₹) Weighted average Basic (in sh Diluted (in The accompanying | terests ty share r value ₹5/- eac equity shares ares) shares) notes form an | h used in computin integral part of the | g earnings per interim conde | equity share nsed consolida | 2.13 2.13 ted financi | al st | 4,145,2 4,151,3 atement | 8, 17 17 08, 15, s. | 17 157 .76 .74 267 578 | 4,141,8 4,150,5 | 20 7,210 15.71 15.68 06,535 37,764 | 4,144,5 4,151,4 | 30 16,195 34.47 34.41 93,296 4,141,0 41,800 4,150,2 | 24 13,551 31.09 31.02 43,772 10,087 |\n| As per our report o for Deloitte Haski Chartered Account Firm’s Registration 117366W/ W-1000 | f even date att ns & Sells LLP ants No: 18 | ached | for a | nd on behalf o | f the Board | of | Director | s o | f Infosys Lim | ited |  |  |  |  |\n| Vikas Bagaria Partner |  | N C | andan M. Nile hairman | kani |  | Sali Chi | l Parekh ef Execu | tive | Officer |  | Bob Dire | by Pari ctor | kh |  |\n| Membership No. 0 | 60408 |  |  |  |  | and | Managi | ng | Director |  |  |  |  |  |\n| Bengaluru |  | J | ayesh Sanghraj | ka |  | A.G | .S. Man | ika | ntha |  |  |  |  |  |\n| October 16, 2025 |  | C | hief Financial | Officer |  | Com | pany Se | cre | tary |  |  |  |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 86, "section": "for the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "22d9329974672621", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 | Page: 87\n\n| Infosys Limited a | nd subsid | iaries |  |  |  |  |  |  |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| Condensed Consolida Balance as at April 1 Changes in equity for Net profit Remeasurement of the Equity instruments thr Fair value changes on | ted Statem , 2024 six months net defined ough other c derivatives d | ent of Chan ended Sep benefit liabi omprehensi esignated a | ges in Equity tember 30, 2024 lity/asset, net* ve income, net* s Cash flow hedge, net* | Number of Shares(1) 4,139,950,635 - - - - | Share capital 2,071 - - - - | Share premium 1,550 - - - - | Retained earnings 69,674 12,874 - - - | Other reserves(2) 12,104 - - - - | Capital redemption compon reserve 169 - - - - | Other Ca ents of equity 2,542 - 98 5 - | To sh flow attributable hedge hold reserve 6 - - - (24) | (In ₹ cror tal equity to equity ers of the Company 88,116 12,874 98 5 (24) | e except equity sha Non- controlling Tot interest 345 16 - - - | re data) al equity 88,461 12,890 98 5 (24) |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 87, "section": "for the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "1bae6060e0d66aec", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 | Page: 88\n\n| Infosys Limited and subsidiaries |\n|---|\n| (In ₹ crore except equity share data) Total equity Capital Other Cash flow Non- Number of Share Share Retained Other attributable to equity Condensed Consolidated Statement of Changes in Equity redemption components of hedge controlling Total equity Shares(1) capital premium earnings reserves(2) holders of the reserve equity reserve interest Company Balance as at April 1, 2025 4,143,607,528 2,073 2,180 80,096 8,298 169 3,020 (18) 95,818 385 96,203 Changes in equity for six months ended September 30, 2025 Net profit - - - 14,285 - - - - 14,285 15 14,300 Remeasurement of the net defined benefit liability/asset, net* - - - - - - (108) - (108) - (108 Equity instruments through other comprehensive income, net* - - - - - - 27 - 27 - 27 Fair value changes on derivatives designated as cash flow hedge, net* - - - - - - - 6 6 - 6 Exchange differences on translation of foreign operations - - - - - - 1,866 - 1,866 15 1,881 Fair value changes on investments, net* - - - - - - 89 - 89 - 89 Total comprehensive income for the period - - - 14,285 - - 1,874 6 16,165 30 16,195 |\n| Shares issued on exercise of employee stock options (Refer to note 2.11) 1,702,418 1 - - - - - - 1 - 1 Employee stock compensation expense (Refer to note 2.11) - - 463 - - - - - 463 - 463 Income tax benefit arising on exercise of stock options (Refer to note 2.12) - - 5 - - - - - 5 - 5 Transferred on account of options not exercised - - (62) 62 - - - - - - Financial liability under option arrangements - - - (10) - - - - (10) - (10 Changes in the controlling stake of a subsidiary - - - 7 - - - - 7 2 9 Transferred from other reserves on utilization - - - 408 (408) - - - - - Transferred from other reserves to retained earnings - - - 2,215 (2,215) - - - - - Dividends paid to non controlling interest of subsidiary - - - - - - - - - (3) (3 Dividends# - - - (9,119) - - - - (9,119) - (9,119 Balance as at September 30, 2025 4,145,309,946 2,074 2,586 87,944 5,675 169 4,894 (12) 103,330 414 103,744 * net of tax # net of treasury shares (1) excludes treasury shares of 9,091,403 as at September 30, 2025, 9,655,927 as at April 1, 2025, 10,237,261 as at September 30, 2024 and 10,916,829 as at April 1, 2024 held by consolidated trust. (2)RepresentstheSpecialEconomicZoneRe-investmentreservecreatedoutoftheprofitoftheeligibleSEZunitintermsoftheprovisionsofSec10AA(1)(ii)ofIncomeTaxAct,1961.ThereserveshouldbeutilizedbytheGroupforacquiring new plant and machinery for the purpose of its business in terms of the provisions of the Sec 10AA(2) of the Income Tax Act, 1961. The accompanying notes form an integral part of the interim condensed consolidated financial statements. As per our report of even date attached for and on behalf of the Board of Directors of Infosys Limited |\n| for Deloitte Haskins & Sells LLP Chartered Accountants Firm’s Registration No: 117366W/ W-100018 Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh |\n| Partner Chairman Chief Executive Officer Director Membership No. 060408 and Managing Director Bengaluru Jayesh Sanghrajka A.G.S. Manikantha |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 88, "section": "for the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "60e4899543241015", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 | Page: 89\n\n| Condensed Consolidated Statement of Cash Flows Accounting Policy Cashflowsarereportedusingtheindirectmethod,wherebyprofitfortheperiodisadjustedfortheeffectsoftransactionsofanon-cashnature,any deferralsoraccrualsofpastorfutureoperatingcashreceiptsorpaymentsanditemofincomeorexpensesassociatedwithinvestingorfinancingcash |\n|---|\n| flows.Thecashflowsfromoperating,investingandfinancingactivitiesoftheGrouparesegregated.TheGroupconsidersallhighlyliquidinvestments that are readily convertible to known amounts of cash to be cash equivalents. (In ₹ crore) Six months ended September 30, Particulars Note 2025 2024 Operating activities Net Profit 14,300 12,890 |\n| Adjustments to reconcile net profit to net cash provided by operating activities Depreciation and amortization 2,323 2,310 Income tax expense 2.12 5,670 5,384 Finance cost 211 214 Interest and dividend income (616) (608) Exchange differences on translation of assets and liabilities, net 573 (298) Impairment loss recognized/(reversed) under expected credit loss model 34 95 Stock compensation expense 471 420 Provision for post sale client support (97) 26 Other adjustments 658 876 Changes in working capital Trade receivables and unbilled revenue (4,390) (2,735) Prepayments and other assets (67) (207) |\n| Trade payables (451) (147) Unearned revenue 515 (138) Other liabilities and provisions 2,424 1,216 Cash generated from operations 21,558 19,298 Income taxes (paid) / received (2,996) (2,165) Net cash generated by operating activities 18,562 17,133 Investing activities Expenditure on property, plant and equipment and intangibles (1,352) (968) |\n| Deposits placed with corporation (683) (579) |\n| Redemption of deposits placed with corporation 392 357 Interest and dividend received 562 542 Payment for acquisition of business, net of cash acquired 2 . 1 0 ( 6 3 7 ) (3,155) Payment of contingent consideration pertaining to acquisition of business (13) - Other receipts 14 5 Payments to acquire Investments - Quoted debt securities (3,191) (1,053) - Liquid mutual fund units (36,091) (33,517) |\n| - Certificates of deposit (7,149) (1,885) - Commercial paper (2,686) (2,227) - Other investments (22) (17) Proceeds on sale of investments - Quoted debt securities 6,174 1,230 - Liquid mutual fund units 32,967 34,012 - Certificates of deposit 5,857 3,970 - Commercial paper 4,675 7,135 Net cash generated from investing activities (1,183) 3,850 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 89, "section": "for the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "8b979cb180b8810d", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 | Page: 90\n\n| Payment of lease Payment of divid | liabilities ends |  |  |  |  |  | (1,382) (9,122) | (1,190) (11,592) |\n|---|---|---|---|---|---|---|---|---|\n| Other payments Loan repayment Payment of divid Shares issued on Net cash used in | of in-tech Holding Gmb ends to non-controlling exercise of employee st financing activities | H inter ock o | ests ptio | of subsidiary ns |  |  | (181) - (3) 1 (10,687) | (265) (985) (2) 3 (14,031) |\n| Net increase/(de Effect of exchan Cash and cash eq Cash and cash e Supplementary | crease) in cash and cash ge rate changes on cash uivalents at the beginni quivalents at the end o information: | equi and c ng of f the | vale ash the per | nts equivalents period iod |  | 2.1 2.1 | 6,692 685 24,455 31,832 | 6,952 61 14,786 21,799 |\n| Restricted cash b The accompanyi | alance ng notes form an integra | l pa | rt of | the interim condensed consolida | ted financial statem | 2.1 ents. | 410 | 407 |\n| As per our repor for Deloitte Has Chartered Accou | t of even date attached kins & Sells LLP ntants |  | for a | nd on behalf of the Board of Dir | ectors of Infosys Li | mited |  |  |\n| Firm’s Registrati 117366W/ W-10 Vikas Bagaria | on No: 0018 |  | Nan | dan M. Nilekani | Salil Parekh |  | Bobby Parikh |  |\n| Partner Membership No. Bengaluru | 060408 |  | Cha Jaye | irman sh Sanghrajka | Chief Executive Offi and Managing Dire A.G.S. Manikantha | cer ctor | Director |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 90, "section": "for the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "1816b5689f3bf2fd", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 | Page: 91\n\n| INFOSYS LIMITED AND SUBSIDIARIES |\n|---|\n| Overview and Notes to the Interim condensed Consolidated Financial Statements |\n| 1. Overview |\n| 1.1 Company overview Infosys Limited ('the Company' or Infosys) provides consulting, technology, outsourcing and next-generation digital services, to enable clients to execute strategies for their digital |\n| transformation. Infosys strategic objective is to build a sustainable organizationthat remains relevant to the agenda ofclients, while creatinggrowthopportunities for employees and generating profitable returns for investors. Infosys strategy is to be a navigator for our clients as they ideate, plan and execute on their journey to a digital future. |\n| Infosys together with its subsidiaries and controlled trusts is herein after referred to as the \"Group\". TheCompanyisapubliclimitedcompanyincorporatedanddomiciledinIndiaandhasitsregisteredofficeatElectronicsCity,HosurRoad,Bengaluru-560100,Karnataka,India.The |\n| CompanyhasitsprimarylistingsontheBSELtd.andNationalStockExchangeofIndiaLimited.TheCompany’sAmericanDepositaryShares(ADS)representingequitysharesarelistedon the New York Stock Exchange (NYSE). |\n| The Group's interim condensed consolidated financial statements are approved for issue by the Company's Board of Directors on October 16, 2025. |\n| 1.2 Basis of preparation of financial statements TheinterimcondensedconsolidatedfinancialstatementshavebeenpreparedincompliancewithIAS34,InterimFinancialReportingasissuedbyInternationalAccountingStandardsBoard, underthehistoricalcostconventionontheaccrualbasisexceptforcertainfinancialinstrumentswhicharemeasuredatfairvaluesanddefinedbenefitliability/(asset)whichisrecognizedat thepresentvalueofdefinedbenefitobligationlessfairvalueofplanassets.Accordingly,theseinterimcondensedconsolidatedfinancialstatementsdonotincludealltheinformationrequired |\n| foracompletesetoffinancialstatements.Theseinterimcondensedconsolidatedfinancialstatementsshouldbereadinconjunctionwiththeconsolidatedfinancialstatementsandrelatednotes includedinthecompany’sAnnualReportonForm20-FfortheyearendedMarch31,2025.Accountingpolicieshavebeenconsistentlyappliedexceptwhereanewlyissuedaccounting standard is initially adopted or a revision to an existing accounting standard requires a change in the accounting policy hitherto in use. |\n| The material accounting policy information used in preparation of the audited interim condensed consolidated financial statements have been discussed in the respective notes. Asthequarterandyeartodatefiguresaretakenfromthesourceandroundedtothenearestdigits,thequarterfiguresinthisstatementaddeduptothefiguresreportedfortheprevious |\n| quarters might not always add up to the year to date figures reported in this statement. |\n| 1.3 Basis of consolidation Infosysconsolidatesentitieswhichitownsorcontrols.TheinterimcondensedconsolidatedfinancialstatementscomprisethefinancialstatementsoftheCompany,itscontrolledtrustsandits subsidiaries.Controlexistswhentheparenthaspowerovertheentity,isexposed,orhasrightstovariablereturnsfromitsinvolvementwiththeentityandhastheabilitytoaffectthose |\n| returnsbyusingitspowerovertheentity.Powerisdemonstratedthroughexistingrightsthatgivetheabilitytodirectrelevantactivities,thosewhichsignificantlyaffecttheentity'sreturns. Subsidiaries are consolidated from the date control commences until the date control ceases. ThefinancialstatementsoftheGroupCompaniesareconsolidatedonaline-by-linebasisandintra-groupbalancesandtransactionsincludingunrealizedgain/lossfromsuchtransactionsare eliminateduponconsolidation.ThesefinancialstatementsarepreparedbyapplyinguniformaccountingpoliciesinuseattheGroup.Non-controllinginterestswhichrepresentpartofthenet |\n| profit or loss and net assets of subsidiaries that are not, directly or indirectly, owned or controlled by the Company, are excluded. |\n| 1.4 Use of estimates and judgments ThepreparationoftheinterimcondensedconsolidatedfinancialstatementsinconformitywithIFRSrequiresmanagementtomakeestimates,judgmentsandassumptions.Theseestimates, judgmentsandassumptionsaffecttheapplicationofaccountingpoliciesandthereportedamountsofassetsandliabilities,thedisclosuresofcontingentassetsandliabilitiesatthedateofthe interimcondensedconsolidatedfinancialstatementsandreportedamountsofrevenuesandexpensesduringtheperiod.Applicationofaccountingpoliciesthatrequirecriticalaccounting |\n| estimatesinvolvingcomplexandsubjectivejudgmentsandtheuseofassumptionsinthesefinancialstatementshavebeendisclosedinNote1.5.Accountingestimatescouldchangefrom periodtoperiod.Actualresultscoulddifferfromthoseestimates.Appropriatechangesinestimatesaremadeasmanagementbecomesawareofchangesincircumstancessurroundingthe estimates.Changesinestimatesandjudgmentsarereflectedinthefinancialstatementsintheperiodinwhichchangesaremadeand,ifmaterial,theireffectsaredisclosedinthenotestothe interim condensed consolidated financial statements. |\n| 1.5 Critical accounting estimates and judgments |\n| a. Revenue recognition TheGroup’scontractswithcustomersincludepromisestotransfermultipleproductsandservicestoacustomer.Revenuesfromcustomercontractsareconsideredforrecognitionand measurementwhenthecontracthasbeenapproved,inwriting,bythepartiestothecontract,thepartiestothecontractarecommittedtoperformtheirrespectiveobligationsunderthe contract,andthecontractislegallyenforceable.TheGroupassessestheservicespromisedinacontractandidentifiesdistinctperformanceobligationsinthecontract.Identificationofdistinct |\n| performanceobligationstodeterminethedeliverablesandtheabilityofthecustomertobenefitindependentlyfromsuchdeliverables,andallocationoftransactionpricetothesedistinct performance obligations involves significant judgement. Fixedpricemaintenancerevenueisrecognizedratablyonastraight-linebasiswhenservicesareperformedthroughanindefinitenumberofrepetitiveactsoveraspecifiedperiod.Revenue fromafixedpricemaintenancecontractisrecognizedratablyusingapercentageofcompletionmethodwhenthepatternofbenefitsfromtheservicesrenderedtothecustomerandthe |\n| Group’scoststofulfilthecontractisnoteventhroughtheperiodofthecontractbecausetheservicesaregenerallydiscreteinnatureandnotrepetitive.Theuseofmethodtorecognizethe maintenance revenues requires judgment and is based on the promises in the contract and nature of the deliverables. TheGroupusesthepercentage-of-completionmethodinaccountingforotherfixed-pricecontracts.Useofthepercentage-of-completionmethodrequirestheGrouptodeterminetheactual effortsorcostsexpendedtodateasaproportionoftheestimatedtotaleffortsorcoststobeincurred.Effortsorcostsexpendedhavebeenusedtomeasureprogresstowardscompletionas |\n| thereisadirectrelationshipbetweeninputandproductivity.Theestimationoftotaleffortsorcostsinvolvessignificantjudgementandisassessedthroughouttheperiodofthecontractto reflect any changes based on the latest available information. Contractswithcustomersincludessubcontractorservicesorthird-partyvendorequipmentorsoftwareincertainintegratedservicesarrangements.Inthesetypesofarrangements,revenue fromsalesofthird-partyvendorproductsorservicesisrecordednetofcostswhentheGroupisactingasanagentbetweenthecustomerandthevendor,andgrosswhentheGroupisthe principalforthetransaction.Indoingso,theGroupfirstevaluateswhetheritobtainscontrolofthespecifiedgoodsorservicesbeforetheyaretransferredtothecustomer.TheGroup |\n| considerswhetheritisprimarilyresponsibleforfulfillingthepromisetoprovidethespecifiedgoodsorservices,inventoryrisk,pricingdiscretionandotherfactorstodeterminewhetherit controls the specified goods or services and therefore, is acting as a principal or an agent. Provisionsforestimatedlosses,ifany,onincompletecontractsarerecordedintheperiodinwhichsuchlossesbecomeprobablebasedontheestimatedeffortsorcoststocompletethe contract. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 91, "section": "for the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "92abc9f6a957c3a8", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 | Page: 92\n\n| b. Income taxes |\n|---|\n| The Group's two major tax jurisdictions are India and the United States, though the Company also files tax returns in other overseas jurisdictions. |\n| Significant judgments are involved in determining the provision for income taxes, including amount expected to be paid/recovered for uncertain tax positions. Inassessingtherealizabilityofdeferredincometaxassets,theManagementconsiderswhethersomeportionorallofthedeferredincometaxassetswillnotberealized.Theultimate realizationofdeferredincometaxassetsisdependentuponthegenerationoffuturetaxableincomeduringtheperiodsinwhichthetemporarydifferencesbecomedeductible.Management considersthescheduledreversalsofdeferredincometaxliabilities,projectedfuturetaxableincomeandtaxplanningstrategiesinmakingthisassessment.Basedonthelevelofhistorical |\n| taxableincomeandprojectionsforfuturetaxableincomeovertheperiodsinwhichthedeferredincometaxassetsaredeductible,theManagementbelievesthatthegroupwillrealizethe benefitsofthosedeductibledifferences.Theamountofthedeferredincometaxassetsconsideredrealizable,however,couldbereducedintheneartermifestimatesoffuturetaxableincome during the carry forward period are reduced. (Refer to Note 2.12) |\n| c. Business combinations and intangible assets BusinesscombinationsareaccountedforusingIFRS3(Revised),BusinessCombinations.IFRS3requiresustofairvalueidentifiableintangibleassetsandcontingentconsiderationto ascertainthenetfairvalueofidentifiableassets,liabilitiesandcontingentliabilitiesoftheacquiree.Thesevaluationsareconductedbyexternalvaluationexperts.Estimatesarerequiredtobe |\n| madeindeterminingthevalueofcontingentconsideration,valueofoptionarrangementsandintangibleassets.Thesemeasurementsarebasedoninformationavailableattheacquisitiondate and are based on expectations and assumptions that have been deemed reasonable by Management. (Refer to Note 2.10 and 2.9.2). |\n| d. Property, plant and equipment Property,plantandequipmentrepresentasignificantproportionoftheassetbaseoftheGroup.Thechargeinrespectofperiodicdepreciationisderivedafterdetermininganestimateofan asset’sexpectedusefullifeandtheexpectedresidualvalueattheendofitslife.TheusefullivesandresidualvaluesofGroup'sassetsaredeterminedbyManagementatthetimetheassetis |\n| acquiredandreviewedperiodically,includingateachfinancialyearend.Thelivesarebasedonhistoricalexperiencewithsimilarassetsaswellasanticipationoffutureevents,whichmay impact their life, such as changes in technology. (Refer to Note 2.7). |\n| e. Impairment of Goodwill Goodwillistestedforimpairmentonanannualbasisandwheneverthereisanindicationthattherecoverableamountofacashgeneratingunit(CGUs)islessthanitscarryingamount.Forthe |\n| impairmenttest,goodwillisallocatedtotheCGUorgroupsofCGUswhichbenefitfromthesynergiesoftheacquisitionandwhichrepresentthelowestlevelatwhichgoodwillismonitored for internal management purposes. TherecoverableamountofCGUsisdeterminedbasedonhigherofvalue-in-useandfairvaluelesscosttosell. Keyassumptionsinthecashflowprojectionsarepreparedbasedoncurrent |\n| economic conditions and comprises estimated long term growth rates, weighted average cost of capital and estimated operating margins. (Refer to note 2.9.1) |\n| 1.6 Recent accounting pronouncements New and revised IFRS Standards in issue but not yet effective: |\n| IFRS 18 Presentation and Disclosures in Financial Statements Presentation and Disclosures in Financial Statements Amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures Amendments to the Classification and Measurement of Financial Instruments |\n| Amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures Contracts Referencing Nature-dependent Electricity |\n| IFRS 18 – Presentation and Disclosures in Financial Statements OnApril9,2024,IASBhasissuedIFRS18–PresentationandDisclosuresinFinancialStatementsthatwillreplaceIAS1PresentationofFinancialStatementsfromitseffectivedate.IFRS 18introducesnewrequirementsforinformationpresentedintheprimaryfinancialstatementsanddisclosedinthenotes.Thenewrequirementsarefocusedonthestatementofprofitorloss. |\n| IFRS18introducesthreecategoriesforincomeandexpenses,thatis,operating,investingandfinancingtoimprovethestructureoftheincomestatement.IFRS18iseffectiveforannual reporting periods beginning on or after January 1, 2027, although early adoption is permitted. The Group is yet to evaluate the impact of the amendment. |\n| Amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures OnMay30,2024,IASBhasissuedamendmentstoIFRS9FinancialInstrumentsandIFRS7FinancialInstruments:Disclosures,whichclarifiestheclassificationoffinancialassetswith environmental,socialandcorporategovernance(ESG)andsimilarfeatures,derecognitionoffinancialliabilitysettledthroughelectronicpaymentsystemsandalsointroducesadditional |\n| disclosure requirements to enhance transparency for investors regarding investments in equity instruments designated at fair value throughother comprehensive income and financial instruments with contingent features. TheeffectivedateforadoptionofthisamendmentisannualreportingperiodsbeginningonorafterJanuary1,2026,althoughearlyadoptionispermitted.TheGroupisyettoevaluatethe |\n| impact of the amendment. OnDecember18,2024,IASBhasissuedamendmentstoIFRS9FinancialInstrumentsandIFRS7FinancialInstruments:Disclosures,relatingtofactorsanentityisrequiredtoconsiderin |\n| assessingtheown-userequirementsforcontractstobuyandtakedeliveryofnature-dependentrenewableelectricity;hedgeaccountingtreatmentfornature-dependentrenewableelectricity and related disclosures. TheeffectivedateforadoptionoftheseamendmentsisannualreportingperiodsbeginningonorafterJanuary1,2026,althoughearlyadoptionispermitted.TheGrouphasevaluatedthe |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 92, "section": "for the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "c126288e60fe145e", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 | Page: 93\n\n| 2. Notes to the Interim Condensed Consolidated Financial Statements |\n|---|\n| 2.1 Cash and cash equivalents Cash and cash equivalents consist of the following: (In ₹ crore) As at |\n| Particulars September 30, 2025 March 31, 2025 Cash and bank deposits 31,832 24,455 Total Cash and cash equivalents 31,832 24,455 Cash and cash equivalents as at September 30, 2025 and March 31, 2025 include restricted cash and bankbalances of₹410 crore and ₹424 crore, |\n| respectively. The restrictions are primarily on account of bank balances held by irrevocable trusts controlled by the Company. ThedepositsmaintainedbytheGroupwithbanksandfinancialinstitutionscompriseoftimedeposits,whichcanbewithdrawnbytheGroupatanypoint |\n| without prior notice or penalty on the principal. |\n| 2.2 Investments |\n| The carrying value of the investments are as follows: |\n| (In ₹ crore) Particulars As at September 30, 2025 March 31, 2025 (i) Current Investments |\n| Amortized Cost Quoted debt securities 65 169 Fair Value through other comprehensive income Quoted debt securities 721 3,211 |\n| Commercial papers 1,734 3,641 Certificate of deposit 4,894 3,504 Fair Value through profit or loss |\n| Liquid mutual fund units 5,192 1,957 Total current investments 12,606 12,482 (ii) Non-current Investments Amortized Cost |\n| Quoted debt securities 432 1,481 Fair Value through other comprehensive income Quoted debt securities 9,456 8,666 |\n| Quoted equity securities 83 57 Unquoted equity and preference securities 174 169 Fair Value through profit or loss Target maturity fund units 483 465 Unquoted equity and preference securities 25 25 |\n| Others(1) 226 196 Total non-current investments 10,879 11,059 |\n| Total investments 23,485 23,541 Investments carried at amortized cost 497 1,650 Investments carried at fair value through other comprehensive income 17,062 19,248 Investments carried at fair value through profit or loss 5,926 2,643 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 93, "section": "for the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "c82301635a906bb9", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 | Page: 94\n\n| Class of Investm Liquid mutual fu through profit or Target maturity f through profit or Quoted debt secu Quoted debt secu through other co | ent nd un loss und u loss rities rities mpre | its - carried nits - carrie - carried at - carried at hensive inco | at fair value d at fair value amortized cost fair value me | Method Quoted pric Quoted pric Quoted pric inputs Quoted pric inputs | e e e and e and | market observ market observ | Fai September 30 able able 1 | r value as at , 2025 March 3 5 ,192 4 83 5 07 0,177 | 1, 202 1 ,957 4 65 1 ,812 11,877 |\n|---|---|---|---|---|---|---|---|---|---|\n| Commercial pape other comprehen Certificates of de other comprehen Quoted equity se through other co Unquoted equity at fair value throu Unquoted equity | rs - sive i posit sive i curit mpre and gh p and | carried at fai ncome - carried at ncome ies - carried hensive inco preference s rofit or loss preference s | r value through fair value through at fair value me ecurities - carried ecurities - carried | Market obse Market obse Quoted pric Discounted multiples m Discounted | rvabl rvabl e cash f ethod, cash f | e inputs e inputs lows method, option pricin lows method, | Market g model Market | 1 ,734 4 ,894 8 3 2 5 | 3 ,641 3 ,504 5 7 2 5 |\n| at fair value throu Others - carried a | gh o t fair | ther compre value throu | hensive income gh profit or loss | multiples m Discounted multiples m | ethod, cash f ethod, | option pricin lows method, option pricin | g model Market g model | 1 74 2 26 | 1 69 1 96 |\n| Total Note: Certain qu | oted | investments | are classified as L | evel 2 in the | absen | ce of active m | 2 arket for such investments. | 3,495 | 23,703 |\n|  |  |  |  |  |  | 10 |  |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 94, "section": "for the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "fab08b0e15d3e6c8", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 | Page: 95\n\n| 2.3 Financial instruments |\n|---|\n| Accounting Policy 2.3.1 Initial recognition TheGrouprecognizesfinancialassetsandfinancialliabilitieswhenitbecomesapartytothecontractualprovisionsoftheinstrument.Allfinancialassetsandliabilitiesarerecognizedatfair |\n| valueoninitialrecognition,exceptfortradereceivableswhichareinitiallymeasuredattransactionprice.Transactioncoststhataredirectlyattributabletotheacquisitionorissueof financialassetsandfinancialliabilitieswhicharenotatfairvaluethroughprofitorloss,areaddedtothefairvalueoninitialrecognition.Regularwaypurchaseandsaleoffinancialassets are accounted for at trade date. |\n| 2.3.2 Subsequent measurement |\n| a. Non-derivative financial instruments (i) Financial assets carried at amortized cost |\n| Afinancialassetissubsequentlymeasuredatamortizedcostifitisheldwithinabusinessmodelwhoseobjectiveistoholdtheassetinordertocollectcontractualcashflowsandthe contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. |\n| (ii) Financial assets carried at fair value through other comprehensive income (FVOCI) Afinancialassetissubsequentlymeasuredatfairvaluethroughothercomprehensiveincomeifitisheldwithinabusinessmodelwhoseobjectiveisachievedbybothcollectingcontractual cashflowsandsellingfinancialassetsandthecontractualtermsofthefinancialassetgiveriseonspecifieddatestocashflowsthataresolelypaymentsofprincipalandinterestonthe |\n| principalamountoutstanding.TheGrouphasmadeanirrevocableelectionforcertaininvestmentswhichareclassifiedasequityinstrumentstopresentthesubsequentchangesinfairvalue in other comprehensive income based on its business model. |\n| (iii) Financial assets carried at fair value through profit or loss (FVTPL) |\n| A financial asset which is not classified in any of the above categories is subsequently fair valued through profit or loss. |\n| (iv) Financial liabilities Financialliabilitiesaresubsequentlycarriedatamortizedcostusingtheeffectiveinterestmethod,exceptforcontingentconsiderationandfinancialliabilityunderoptionarrangements |\n| recognized in a business combination which are subsequently measured at fair value through profit or loss. |\n| b. Derivative financial instruments TheGroupholdsderivativefinancialinstrumentssuchasforeignexchangeforwardandoptioncontractstomitigatetheriskofchangesinexchangeratesonforeigncurrencyexposures. |\n| The counterparty for such contracts is generally a bank. |\n| (i) Financial assets or financial liabilities, carried at fair value through profit or loss |\n| This category includes derivative financial assets or liabilities which are not designated as hedges. AlthoughtheGroupbelievesthatthesederivativesconstitutehedgesfromaneconomicperspective,theymaynotqualifyforhedgeaccountingunderIFRS9,FinancialInstruments.Any derivativethatiseithernotdesignatedashedge,orissodesignatedbutisineffectiveasperIFRS9,iscategorizedasafinancialassetorfinancialliability,carriedatfairvaluethroughprofit |\n| or loss. Derivativesnotdesignatedashedgesarerecognizedinitiallyatfairvalueandattributabletransactioncostsarerecognizedinnetprofitintheconsolidatedstatementofcomprehensive incomewhenincurred.Subsequenttoinitialrecognition,thesederivativesaremeasuredatfairvaluethroughprofitorlossandtheresultingexchangegainsorlossesareincludedinother |\n| income.Assets/liabilitiesinthiscategoryarepresentedascurrentassets/currentliabilitiesiftheyareeitherheldfortradingorareexpectedtoberealizedwithin12monthsaftertheBalance Sheet date. |\n| (ii) Cash flow hedge Primarily,theGroupdesignatescertainforeignexchangeforwardandoptionscontractsascashflowhedgestomitigatetheriskofforeignexchangeexposureonhighlyprobableforecast |\n| cash transactions. Whenaderivativeisdesignatedasacashflowhedginginstrument,theeffectiveportionofchangesinthefairvalueofthederivativeisrecognizedinothercomprehensiveincomeand accumulatedinthecashflowhedgingreserve.Anyineffectiveportionofchangesinthefairvalueofthederivativeisrecognizedimmediatelyinthenetprofitintheinterimconsolidated statementofcomprehensiveincome.Ifthehedginginstrumentnolongermeetsthecriteriaforhedgeaccounting,thenhedgeaccountingisdiscontinuedprospectively.Ifthehedging instrumentexpiresorissold,terminatedorexercised,thecumulativegainorlossonthehedginginstrumentrecognizedincashflowhedgingreservetilltheperiodthehedgewaseffective |\n| remainsincashflowhedgingreserveuntiltheforecastedtransactionoccurs.Thecumulativegainorlosspreviouslyrecognizedinthecashflowhedgingreserveistransferredtothenet profitintheconsolidatedstatementofcomprehensiveincomeupontheoccurrenceoftherelatedforecastedtransaction.Iftheforecastedtransactionisnolongerexpectedtooccur,thenthe amount accumulated in cash flow hedging reserve is reclassified to net profit in the consolidated statement of comprehensive income. 2.3.3 Derecognition of financial instruments TheGroupderecognizesafinancialassetwhenthecontractualrightstothecashflowsfromthefinancialassetexpireorittransfersthefinancialassetandthetransferqualifiesfor |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 95, "section": "for the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "86747b88b630b7ed", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 | Page: 96\n\n| 2.3.4 Fair value of financial instruments Indeterminingthefairvalueofitsfinancialinstruments,theGroupusesavarietyofmethodsandassumptionsthatarebasedonmarketconditionsandrisksexistingateachreportingdate. Themethodsusedtodeterminefairvalueincludediscountedcashflowanalysis,availablequotedmarketprices,optionpricingmodel,marketmultiples, anddealerquotes.Allmethodsof |\n|---|\n| assessing fair value result in general approximation of value, and such value may never actually be realized. Refertotable'Financialinstrumentsbycategory'belowforthedisclosureoncarryingvalueandfairvalueoffinancialassetsandliabilities.Forfinancialassetsandliabilitiesmaturing |\n| within one year from the Balance Sheet date and which are not carried at fair value, the carrying amounts approximate fair value due to the short maturity of these instruments. |\n| 2.3.5 Impairment TheGrouprecognizeslossallowancesusingtheexpectedcreditloss(ECL)modelforthefinancialassetsandunbilledrevenuewhicharenotfairvaluedthroughprofitorloss.Loss allowancefortradereceivablesandunbilledrevenueswithnosignificantfinancingcomponentismeasuredatanamountequaltolifetimeECL.Forallotherfinancialassets,expectedcredit |\n| lossesaremeasuredatanamountequaltothe12-monthECL,unlesstherehasbeenasignificantincreaseincreditriskfrominitialrecognitioninwhichcasethosearemeasuredatlifetime ECL. TheGroupdeterminestheallowanceforcreditlossesbasedonhistoricallossexperienceadjustedtoreflectcurrentandestimatedfutureeconomicconditions.TheGroupconsiderscurrent |\n| and anticipated future economic conditions relating to industries the Group deals with and the countries where it operates. TheamountofECL(orreversal)thatisrequiredtoadjustthelossallowanceatthereportingdatetotheamountthatisrequiredtoberecordedisrecognizedasanimpairmentlossorgainin |\n| the condensed consolidated statement of comprehensive income. |\n| Financial instruments by category The carrying value and fair value of financial instruments by categories as at September 30, 2025 are as follows: (In ₹ crore) Financial assets / liabilities at Financial assets / liabilities at fair fair value through profit or value through OCI loss |\n| Amortized Total carrying Particulars Total fair value cost Designated Equity instruments value upon initial Mandatory designated upon initial Mandatory recognition recognition Assets: Cash and cash equivalents (Refer to note 2.1) 31,832 - - - - 31,832 31,832 Investments (Refer to note 2.2) Liquid mutual fund units - - 5,192 - - 5,192 5,192 Target maturity fund units - - 483 - - 483 483 Quoted debt securities 497 - - - 10,177 10,674 10,684 Commercial Papers - - - - 1,734 1,734 1,734 Certificates of deposit - - - - 4,894 4,894 4,894 |\n| Quoted equity securities - - - 83 - 83 83 Unquoted equity and preference securities - 25 - 174 - 199 199 Unquoted investment others - - 226 - - 226 226 Trade receivables 33,968 - - - - 33,968 33,968 Unbilled revenues (Refer to note 2.17)(3) 11,194 - - - - 11,194 11,194 Prepayments and other assets (Refer to note 2.4) 7,718 - - - - 7,718 7,706 Derivative financial instruments - - 12 - 24 36 36 Total 85,209 25 5,913 257 16,829 108,233 108,231 Liabilities: Trade payables 3,839 - - - - 3,839 3,839 Lease liabilities (Refer to note 2.8) 8,755 - - - - 8,755 8,755 Derivative financial instruments - - 480 - 18 498 498 Financial liability under option arrangements - - 753 - - 753 753 (Refer to note 2.5) Other liabilities including contingent consideration (Refer to |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 96, "section": "for the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "a8244118093ebc5b", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 | Page: 97\n\n| Amortized Total carrying Particulars Total fair value cost Designated Equity instruments value upon initial Mandatory designated upon initial Mandatory recognition recognition Assets: Cash and cash equivalents (Refer to note 2.1) 24,455 - - - - 24,455 24,455 Investments (Refer to note 2.2) Liquid mutual fund units - - 1,957 - - 1,957 1,957 Target maturity fund units - - 465 - - 465 465 Quoted debt securities 1,650 - - - 11,877 13,527 13,689 |\n|---|\n| Commercial papers - - - - 3,641 3,641 3,641 Certificates of deposit - - - - 3,504 3,504 3,504 Quoted equity securities - - - 57 - 57 57 Unquoted equity and preference securities - 25 - 169 - 194 194 Unquoted investments others - - 196 - - 196 196 Trade receivables 31,158 - - - - 31,158 31,158 Unbilled revenue (Refer to note 2.17)(3) 10,214 - - - - 10,214 10,214 Prepayments and other assets (Refer to note 2.4) 7,210 - - - - 7,210 7,130 |\n| Derivative financial instruments - - 164 - 28 192 192 Total 74,687 25 2,782 226 19,050 96,770 96,852 Liabilities: Trade payables 4,164 - - - - 4,164 4,164 Lease liabilities (Refer to note 2.8) 8,227 - - - - 8,227 8,227 Derivative financial instruments - - 30 - 33 63 63 Financial liability under option arrangements (Refer to - - 667 - - 667 667 note 2.5) Other liabilities including contingent consideration |\n| 16,511 - 31 - - 16,542 16,542 (Refer to note 2.5) Total 28,902 - 728 - 33 29,663 29,663 (1) On account of fair value changes including interest accrued (2) Excludes interest accrued on quoted debt securities carried at amortized cost of ₹80 crore. (3) Excludes unbilled revenue for contracts where the right to consideration is dependent on completion of contractual milestones Fortradereceivables,tradepayables,otherassetsandpayablesmaturingwithinoneyearfromthebalancesheetdate,thecarryingamountsapproximatefairvalueduetotheshortmaturity |\n| of these instruments. |\n| Fair value hierarchy Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities. |\n| Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices). |\n| Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs). The fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as at September 30, 2025 is as follows: (In ₹ crore) Fair value measurement at end of the reporting As at Particulars period using September 30, 2025 Level 1 Level 2 Level 3 Assets Investments (Refer to note 2.2) Investments in liquid mutual fund units 5,192 5,192 - - Investments in target maturity fund units 483 483 - - |\n| Investments in quoted debt securities 10,684 10,449 235 - Investments in certificates of deposit 4,894 - 4,894 - Investments in commercial papers 1,734 - 1,734 - Investments in quoted equity securities 83 83 - - Investments in unquoted equity and preference securities 199 - - 199 Investments in unquoted investments others 226 - - 226 Others Derivative financial instruments - gain 36 - 36 - Liabilities Derivative financial instruments - loss 498 - 498 - Financial liability under option arrangements (Refer to note 2.5)(1) 753 - - 753 |\n| Liability towards contingent consideration (Refer to note 2.5)(2) 95 - - 95 (1)Discount rate ranges from 9% to 15% |\n| (2)Discount rate ranges from 3% to 6% DuringthesixmonthendedSeptember30,2025,quoteddebtsecuritiesof₹96croreweretransferredfromLevel2toLevel1offairvaluehierarchy,sincethesewerevaluedbasedon |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 97, "section": "for the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d30ddc9437b28a0d", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 | Page: 98\n\n| Investments in quoted debt securities 13,689 13,099 590 - Investments in unquoted equity and preference securities 194 - - 194 Investments in quoted equity securities 57 57 - - Investments in certificates of deposit 3,504 - 3,504 - Investments in commercial papers 3,641 - 3,641 - Investments in unquoted investments others 196 - - 196 Others Derivative financial instruments- gain 192 - 192 - Liabilities Derivative financial instruments- loss 63 - 63 - Financial liability under option arrangements (Refer to note 2.5)(1) 667 - - 667 |\n|---|\n| Liability towards contingent consideration (Refer to note 2.5)(2) 31 - - 31 (1)Discount rate ranges from 9% to 15% |\n| (2) Discount rate - 6% DuringtheyearendedMarch31,2025,quoteddebtsecuritiesof₹297croreweretransferredfromLevel2toLevel1offairvaluehierarchy,sincethesewerevaluedbasedonquotedprice and quoted debt securities of ₹554 crore were transferred from Level 1 to Level 2 of fair value hierarchy, since these were valued based on market observable inputs. A one percentage point change in the unobservable inputs used in fair valuation of Level 3 assets and liabilities does not have a significant impact in its value. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 98, "section": "for the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ca851549c7f6facf", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 | Page: 99\n\n| 2.4 Prepayments and other assets |  |  |\n|---|---|---|\n| Prepayments and other assets consist of the following: |  |  |\n| Particulars | As at | (In ₹ crore) |\n| September 30 Current | , 2025 | March 31, 2025 |\n| Security deposits(1) | 65 | 65 |\n| Loans to employees(1) | 243 | 249 |\n| Prepaid expenses(2) | 2,985 | 3,080 |\n| Interest accrued and not due(1) | 661 | 842 |\n| Withholding taxes and others(2)(4) | 2,638 | 2,841 |\n| Advance payments to vendors for supply of goods(2) | 268 | 413 |\n| Deposit with corporations(1)(3) | 3,170 | 2,949 |\n| Deferred contract cost Cost of obtaining a contract (2) | 350 | 343 |\n| Cost of fulfillment (2) Net investment in lease(1) (2) | 608 1,408 | 504 1,139 |\n| Other non financial assets Other financial assets(1) | 82 508 | 91 470 |\n| Total Current prepayment and other assets | 12,986 | 12,986 |\n| Non-current |  |  |\n| Security deposits(1) | 275 | 273 |\n| Loans to employees(1) | 9 | 16 |\n| Prepaid expenses(2) | 308 | 282 |\n| Withholding taxes and others(2)(4) | 544 | 534 |\n| Deposit with corporations(1)(3) | 151 | 82 |\n| Deferred contract cost Cost of obtaining a contract (2) | 259 | 312 |\n| Cost of fulfillment (2) Defined benefit plan assets(2) | 901 267 | 879 297 |\n| Net investment in lease(1) | 1,201 | 1,106 |\n| Other financial assets(1) | 27 | 19 |\n| Total Non- current prepayment and other assets | 3,942 | 3,800 |\n| Total prepayment and other assets (1) Financial assets carried at amortized cost | 16,928 7,718 | 16,786 7,210 |\n| (2) Non financial assets (3)Depositwithcorporationrepresentsamountsdepositedtosettlecertainemployee-related obligationsas | andwhen | theyariseduringthe |\n| normal course of business. |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 99, "section": "for the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "a356c11b0c5f61e4", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 | Page: 100\n\n| 2.5 Other liabilities Other liabilities comprise the following: (In ₹ crore) As at Particulars September 30, 2025 March 31, 2025 Current |\n|---|\n| Accrued compensation to employees(1) 5,062 4,924 Accrued defined benefit liability (3) 19 6 Accrued expenses(1) 9,498 8,467 Withholding taxes and others(3) 3,435 3,256 Liabilities of controlled trusts(1) 173 173 |\n| Liability towards contingent consideration(2) 25 11 Capital Creditors(1) 302 520 Financial liability under option arrangements(2)(4) 629 552 |\n| Other non-financial liabilities (3) 12 11 Other financial liabilities(1)(5) 552 520 Total current other liabilities 19,707 18,440 Non-current Accrued expenses(1) 1,921 1,890 Accrued defined benefit liability (3) 171 115 (1) |\n| Accrued compensation to employees 98 12 Liability towards contingent consideration(2) 70 20 Financial liability under option arrangements(2)(4) 124 115 Other financial liabilities(1)(5) - 5 Other non-financial liabilities(3) 76 100 |\n| Total non-current other liabilities 2,460 2,257 Total other liabilities 22,167 20,697 (1) Financial liability carried at amortized cost 17,606 16,511 (2) Financial liability carried at fair value through profit or loss 848 698 |\n| (3)Non financial liabilities (4) Represents liability related to options issued by the Group over the non-controlling interests in its subsidiaries (5)TheGroupenteredintofinancingarrangementswithathirdpartytowardstechnologyassetstakenoverbytheGroupfromacustomerasapart oftransformationprojectwhichwasnotconsideredasdistinctgoodsorservicesasthecontrolrelatedtothoseassetswasnottransferredtothe |\n| GroupinaccordancewithIFRS15-Revenuefromcontractwithcustomers.AsatSeptember30,2025andMarch31,2025,thefinancialliability pertaining to such arrangements amounts to ₹48 crore and ₹67 crore, respectively. Accruedexpensesprimarilyrelatestocostoftechnicalsub-contractors,telecommunicationcharges,legalandprofessionalcharges,brandbuilding |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 100, "section": "for the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "b93b165d851ce982", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 | Page: 101\n\n| 2.6 Provisions and other contingencies |\n|---|\n| Accounting Policy |\n| 2.6.1 Provisions Aprovisionisrecognizedif,asaresultofapastevent,theGrouphasapresentlegalorconstructiveobligationthatisreasonablyestimable,andit isprobablethatanoutflowofeconomicbenefitswillberequiredtosettletheobligation.Provisionsaredeterminedbydiscountingtheexpected futurecashflowsatapre-taxratethatreflectscurrentmarketassessmentsofthetimevalueofmoneyandtherisksspecifictotheliability.The Grouprecognizesareimbursementassetwhen,andonlywhen,itisvirtuallycertainthatthereimbursementwillbereceivediftheGroupsettles the obligation. |\n| Contingent liability is a possible obligation arising from past events and whose existence will be confirmed only by the occurrence or non- occurrenceofoneormoreuncertainfutureeventsnotwhollywithinthecontroloftheentityorapresentobligationthatarisesfrompasteventsbut isnotrecognizedbecauseitisnotprobablethatanoutflowofresourcesembodyingeconomicbenefitswillberequiredtosettletheobligationor the amount of the obligation cannot be measured with sufficient reliability. |\n| a. Post sales client support TheGroupprovidesitsclientswithafixed-periodpostsales supporton itsfixed-price, fixed-timeframecontracts. Costsassociated withsuch supportservicesareaccruedatthetimerelatedrevenuesarerecordedandincludedincostofsales.TheGroupestimatessuchcostsbasedon |\n| historical experience and estimates are reviewed on a periodic basis for any material changes in assumptions and likelihood of occurrence. |\n| b. Onerous contracts Provisions for onerous contracts are recognized when the expected benefits to be derived by the Group from a contract are lower than the unavoidablecostsofmeetingthefutureobligationsunderthecontract.Provisionsforestimatedlosses,ifany,onincompletecontractsarerecorded intheperiodinwhichsuchlossesbecomeprobablebasedontheestimatedeffortsorcoststocompletethecontract.Theprovisionismeasuredat |\n| thepresentvalueoftheloweroftheexpectedcostofterminatingthecontractandtheexpectednetcostofcontinuingwiththecontract.Beforea provision is established the Group recognizes any impairment loss on the assets associated with that contract. Provision for post sales client support and other provisions (In ₹ crore) |\n| As at Particulars September 30, 2025 March 31, 2025 Post sales client support and other provisions 1,499 1,325 |\n| Provisions pertaining to settlement (refer to note 2.6.2) 133 150 |\n| Total provisions 1,632 1,475 Provisionforpostsalesclientsupportandotherprovisionsmajorlyrepresentscostassociatedwithprovidingpostsalessupportserviceswhichare |\n| accrued at the time of recognition of revenues and are expected to be utilized over a period of 1 year. Provision for post sales client support and other provisions is included in cost of sales in the interim condensed consolidated statement of |\n| comprehensive income. As at September 30, 2025 and March 31, 2025 claims against the Group, not acknowledged as debts, (excluding demands from income tax |\n| authorities - Refer to note 2.12) amounted to ₹991 crore and ₹1,020 crore respectively. The amount paid to statutory authorities against the claims (excluding demands from income tax authorities - Refer to note 2.12) amounted to ₹17 |\n| crore and ₹8 crore as at September 30, 2025 and March 31, 2025, respectively. |\n| 2.6.2 Legal proceedings |\n| McCamish Cybersecurity incident InNovember2023,certainsystemsofInfosysMcCamishSystemsLLC(“McCamish”),asubsidiaryofInfosysBPMLimited(awhollyowned subsidiaryofInfosysLimited),wereencryptedbyransomware,resultinginthenon-availabilityofcertainapplicationsandsystems.McCamish initiated itsincidentresponseandengagedcybersecurityandotherspecialiststoassistinitsinvestigation ofandresponsetotheincidentand remediation and restoration of impacted applications and systems. By December 31, 2023, McCamish, with external specialists’ assistance, |\n| substantiallyremediatedandrestoredtheaffectedapplicationsandsystems.ActionstakenbyMcCamishincludedinvestigativeanalysisconducted byathird-partycybersecurityfirmtodetermine,amongotherthings,whetherandtheextenttowhichcompanyorcustomerdatawassubjectto unauthorized access or exfiltration. McCamish also engaged a third-party eDiscoveryvendor in assessing the extent and nature of such data. McCamish in coordination with its third-party eDiscovery vendor has identified corporate customers and individuals whose information was subject to unauthorized access and exfiltration. McCamish processes personal data on behalf of its corporate customers. From March 6, 2024 through July 25, 2024, six actions were filed in the U.S. District Court for the Northern District of Georgia against McCamish.TheactionsariseoutofthecybersecurityincidentatMcCamishinitiallydisclosedonNovember3,2023.Allsixactionshavesince beenconsolidated,andtheconsolidatedclassactioncomplaintwasfiledonNovember7,2024,purportedlyonbehalfofallpersonsresidinginthe UnitedStateswhosepersonallyidentifiableinformationwascompromisedintheincident,includingallwhoweresentanoticeoftheincident.On December20,2024,theCourtgrantedtheparties’jointmotiontostayproceedingspendingtheparties’effortstoresolvethelawsuitthrough mediation.OnMarch13,2025,McCamishandtheplaintiffsengagedinmediation,resultinginanin-principleagreementthatsetsforththeterms |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 101, "section": "for the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "9069a29b1a43f2a2", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 | Page: 102\n\n| settlementexpenseof$17.5million(approximately₹150crore)intheStatementofComprehensiveIncome.McCamishmayincuradditionalcosts including from indemnities or damages/claims, which are indeterminable at this time. |\n|---|\n| Government Investigation The U.S. Department of Justice (“DOJ”) is conducting an investigation regarding how the Company classified certain H-1B visa-recipient employeesworkingforoneofitsclientsinimmigrationdocumentsfiledwithcertainU.S.governmentauthorities. TheCompanyisengagedin |\n| discussions with the DOJ regarding its ongoing investigation and has commenced its own inquiry regarding the matter. At this stage, the Company isunabletopredicttheoutcomeofthismatter,includingwhethersuchoutcomecouldhaveamaterialadverseeffectontheCompany’sbusiness and results of operations. |\n| Others Apartfromtheforegoing,theGroupissubjecttolegalproceedingsandclaimswhichhavearisenintheordinarycourseofbusiness.TheGroup’s managementreasonablyexpectsthatsuchordinarycourselegalactions,whenultimatelyconcludedanddetermined,maynothaveamaterialand |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 102, "section": "for the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "eca9328b05194d0c", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 | Page: 103\n\n| 2.7 Property, plant and equipment |\n|---|\n| Accounting Policy Property,plantandequipmentarestatedatcost,lessaccumulateddepreciationandimpairment,ifany.Costsdirectlyattributabletoacquisitionarecapitalizeduntiltheproperty,plant andequipmentarereadyforuse,asintendedbytheManagement.Thechargeinrespectofperiodicdepreciationisderivedatafterdetermininganestimateofanasset’sexpecteduseful |\n| lifeandtheexpectedresidualvalueattheendofitslife.TheGroupdepreciatesproperty,plantandequipmentovertheirestimatedusefullivesusingthestraight-linemethod.The estimated useful lives of assets are as follows: Building 22-25 years |\n| Plant and machinery(1) 5 years Computer equipment 3-5 years Furniture and fixtures 5 years Vehicles 5 years Leasehold improvements Lower of useful life of the asset or lease term |\n| (1) Includes solar plant with a useful life of 25 years Depreciationmethods,usefullivesandresidualvaluesarereviewedperiodically,includingateachfinancialyearend.Theusefullivesarebasedonhistoricalexperiencewithsimilar assets as well as anticipation of future events, which may impact their life, such as changes in technology. Advancespaidtowardstheacquisitionofproperty,plantandequipmentoutstandingateachbalancesheetdateandthecostofassetsnotreadytousebeforesuchdatearedisclosedunder ‘Capitalwork-in-progress’.Subsequentexpendituresrelatingtoproperty,plantandequipmentiscapitalizedonlywhenitisprobablethatfutureeconomicbenefitsassociatedwiththese |\n| willflowtotheGroupandthecostoftheitemcanbemeasuredreliably.Thecostandrelatedaccumulateddepreciationareeliminatedfromthefinancialstatementsuponsaleor retirement of the asset. |\n| Impairment Property,plantandequipmentareevaluatedforrecoverabilitywhenevereventsorchangesincircumstancesindicatethattheircarryingamountsmaynotberecoverable.Forthepurpose ofimpairmenttesting,therecoverableamount(i.e.thehigherofthefairvaluelesscosttosellandthevalue-in-use)isdeterminedonanindividualassetbasisunlesstheassetdoesnot |\n| generatecashflowsthatarelargelyindependentofthosefromotherassets.Insuchcases,therecoverableamountisdeterminedfortheCashGeneratingUnit(CGU)towhichtheasset belongs. Ifsuchassetsareconsideredtobeimpaired,theimpairmenttoberecognizedinnetprofitintheinterimcondensedconsolidatedstatementofcomprehensiveincomeismeasuredbythe amountbywhichthecarryingvalueoftheassetsexceedstheestimatedrecoverableamountoftheasset.Animpairmentlossisreversedinnetprofitintheconsolidatedstatementof comprehensiveincomeiftherehasbeenachangeintheestimatesusedtodeterminetherecoverableamount.Thecarryingamountoftheassetisincreasedtoitsrevisedrecoverable |\n| amount,providedthatthisamountdoesnotexceedthecarryingamountthatwouldhavebeendetermined(netofanyaccumulateddepreciation)hadnoimpairmentlossbeenrecognized for the asset in prior years. The changes in the carrying value of property, plant and equipment for the three months ended September 30, 2025 are as follows: (In ₹ crore) Plant and Computer Furniture and Particulars Land Buildings Vehicles Total machinery equipment fixtures Gross carrying value as at July 1, 2025 1,487 11,737 5,506 9,278 3,359 48 31,415 Additions 10 6 29 412 8 - 465 Deletions* - - (14) (165) (67) (3) (249) Translation difference - 38 9 29 18 - 94 Gross carrying value as at September 30, 2025 1,497 11,781 5,530 9,554 3,318 45 31,725 |\n| Accumulated depreciation as at July 1, 2025 - (5,473) (4,480) (7,040) (2,768) (43) (19,804) Depreciation - (112) (87) (263) (57) - (519) Accumulated depreciation on deletions* - - 14 165 67 3 249 Translation difference - (13) (8) (18) (16) - (55) Accumulated depreciation as at September 30, 2025 - (5,598) (4,561) (7,156) (2,774) (40) (20,129) Capital work-in progress as at July 1, 2025 1,114 Carrying value as at July 1, 2025 1,487 6,264 1,026 2,238 591 5 12,725 Capital work-in progress as at September 30, 2025 1,296 Carrying value as at September 30, 2025 1,497 6,183 969 2,398 544 5 12,892 The changes in the carrying value of property, plant and equipment for the three months ended September 30, 2024 are as follows: (In ₹ crore) Plant and Computer Furniture and Particulars Land Buildings Vehicles Total machinery equipment fixtures Gross carrying value as at July 1, 2024 1,430 11,743 5,361 8,617 3,346 45 30,542 Additions - 17 84 176 73 - 350 Additions on Business Combinations - 1 11 5 23 2 42 Deletions* - (4) (33) (101) (29) - (167) Translation difference - 43 6 17 19 - 85 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 103, "section": "for the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "6eaa6f377220e192", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 | Page: 104\n\n| Accumulated depreciation as at April 1, 2025 - (5,358) (4,402) (7,013) (2,696) (43) (19,512) Depreciation - (223) (170) (530) (118) (1) (1,042) Accumulated depreciation on deletions* - 1 24 424 73 4 526 Translation difference - (18) (13) (37) (33) - (101) Accumulated depreciation as at September 30, 2025 - (5,598) (4,561) (7,156) (2,774) (40) (20,129) Capital work-in progress as at April 1, 2025 1,022 Carrying value as at April 1, 2025 1,477 6,363 1,036 2,293 604 5 12,800 Capital work-in progress as at September 30, 2025 1,296 Carrying value as at September 30, 2025 1,497 6,183 969 2,398 544 5 12,892 *DuringthethreemonthsandsixmonthsendedSeptember30,2025,certainassetswhichwerenotinusehavinggrossbookvalueof₹226crore(netbookvalue:Nil)and₹473crore (net book value: Nil), respectively were retired. The changes in the carrying value of property, plant and equipment for the six months ended September 30, 2024 are as follows: (In ₹ crore) Plant and Computer Furniture and Particulars Land Buildings Vehicles Total machinery equipment fixtures Gross carrying value as at April 1, 2024 1,430 11,770 5,341 8,611 3,390 45 30,587 Additions - 32 127 354 94 1 608 Additions - Business Combination (Refer to Note 2.10) - 1 11 6 23 2 43 Deletions* - (42) (55) (265) (90) (1) (453) Translation difference - 39 5 8 15 - 67 |\n|---|\n| Gross carrying value as at September 30, 2024 1,430 11,800 5,429 8,714 3,432 47 30,852 Accumulated depreciation as at April 1, 2024 - (4,921) (4,182) (6,380) (2,692) (42) (18,217) Depreciation - (224) (199) (648) (161) (1) (1,233) Accumulated depreciation on deletions* - 6 55 259 89 1 410 Translation difference - (12) (5) (2) (13) - (32) Accumulated depreciation as at September 30, 2024 - (5,151) (4,331) (6,771) (2,777) (42) (19,072) Capital work-in progress as at April 1, 2024 448 Carrying value as at April 1, 2024 1,430 6,849 1,159 2,231 698 3 12,818 Capital work-in progress as at September 30, 2024 676 Carrying value as at September 30, 2024 1,430 6,649 1,098 1,943 655 5 12,456 *DuringthethreemonthsandsixmonthsendedSeptember30,2024,certainassetswhichwerenotinusehavinggrossbookvalueof₹103crore(netbookvalue:Nil)and₹229crore (net book value: Nil), respectively were retired. |\n| The aggregate depreciation expense is included in cost of sales in the interim condensed consolidated statement of comprehensive income. Repairs and maintenance costs are recognized in the interim condensed consolidated statement of comprehensive income when incurred. ConsequenttotheCompanies(CorporateSocialResponsibilityPolicy)AmendmentRules,2021(“theRules”),theCompanywasrequiredtotransferitsCSRcapitalassetsinstalledprior toJanuary2021.TowardsthistheCompanyhadincorporatedasubsidiary‘InfosysGreenForum’(IGF)underSection8oftheCompaniesAct,2013.DuringtheyearendedMarch31, |\n| 2022,theCompanyhadcompletedthetransferofassetsuponobtainingtherequiredapprovalsfromregulatoryauthorities,asapplicable.Duringfiscal2024,theapplicationfiledbyIGF forregularizationoftheprovisionalregistrationwasrejectedandregistrationcancelledvideorderdatedMarch26,2024byIncomeTaxCommissioner(Exemption).IGFhasfiledan appeal before Income Tax Tribunal against the order. TheGrouphadcontractualcommitmentsforcapitalexpenditureprimarilycomprisingofcommitmentsforinfrastructurefacilitiesandcomputerequipmentaggregatingto₹1,118crore |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 104, "section": "for the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "79421bac568e273f", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 | Page: 105\n\n| 2.8 Leases |\n|---|\n| Accounting Policy |\n| The Group as a lessee |\n| TheGroup’sleaseassetclassesprimarilyconsistofleasesforland,buildingsandcomputers.TheGroupassesseswhetheracontractcontainsalease,atinceptionof |\n| a contract. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for |\n| consideration.Toassesswhetheracontractconveystherighttocontroltheuseofanidentifiedasset,theGroupassesseswhether:(1)thecontractinvolvestheuseof |\n| anidentifiedasset(2)theGrouphassubstantiallyalloftheeconomicbenefitsfromuseoftheassetthroughtheperiodoftheleaseand(3)theGrouphastherightto |\n| direct the use of the asset. |\n| Atthedateofcommencementofthelease,theGrouprecognizesaright-of-useasset(“ROU”)andacorrespondingleaseliabilityforallleasearrangementsinwhich |\n| itisalessee,exceptforleaseswithatermoftwelvemonthsorless(short-termleases)andlowvalueleases.Fortheseshort-termandlowvalueleases,theGroup |\n| recognizes the lease payments as an operating expense on a straight-line basis over the term of the lease. |\n| Asalessee,theGroupdeterminestheleasetermasthenon-cancellableperiodofaleaseadjustedwithanyoptiontoextendorterminatethelease,iftheuseofsuch |\n| optionisreasonablycertain.TheGroupmakesanassessmentontheexpectedleasetermonalease-by-leasebasisand therebyassesseswhetherit isreasonably |\n| certain that anyoptions to extend or terminate the contract will be exercised. In evaluating the lease term, the Group considers factors such as anysignificant |\n| leasehold improvements undertaken over the lease term, costs relating to the termination of the lease and the importance of the underlying asset to Group’s |\n| operationstakingintoaccountthelocationoftheunderlyingassetandtheavailabilityofsuitablealternatives.Theleaseterminfutureperiodsisreassessedtoensure |\n| that the lease term reflects the current economic circumstances. |\n| Certain leasearrangements includetheoptions toextend orterminatetheleasebeforetheend oftheleaseterm. ROUassetsand leaseliabilities includesthese |\n| options when it is reasonably certain that they will be exercised. |\n| Theright-of-useassetsareinitiallyrecognizedatcost,whichcomprisestheinitialamountoftheleaseliabilityadjustedforanyleasepaymentsmadeatorpriorto |\n| thecommencementdateoftheleaseplusanyinitialdirectcostslessanyleaseincentives.Theyaresubsequentlymeasuredatcostlessaccumulateddepreciationand |\n| impairment losses. |\n| Right-of-use assets are depreciated from the commencement date on a straight-line basis over the shorter of the lease term and useful life of the underlying asset. |\n| Right-of-useassetsareevaluatedforrecoverabilitywhenevereventsorchangesincircumstancesindicatethattheircarryingamountsmaynotberecoverable.Forthe |\n| purposeofimpairmenttesting,therecoverableamount(i.e.thehigherofthefairvaluelesscosttosellandthevalue-in-use)isdeterminedonanindividualasset |\n| basisunlesstheassetdoesnotgeneratecashflowsthatarelargelyindependentofthosefromotherassets.Insuchcases,therecoverableamountisdeterminedforthe |\n| Cash Generating Unit (CGU) to which the asset belongs. |\n| Theleaseliabilityisinitiallymeasuredatamortizedcostatthepresentvalueofthefutureleasepayments.Theleasepaymentsarediscountedusingtheinterestrate |\n| implicitintheleaseor,ifnotreadilydeterminable,usingtheincrementalborrowingratesinthecountryofdomicileoftheseleases.Leaseliabilitiesareremeasured |\n| with a corresponding adjustment to the related right-of-use asset if the group changes its assessment of whether it will exercise an extension or a termination option. |\n| Lease liability and ROU asset have been separately presented in the Balance Sheet and lease payments have been classified as financing cash flows. |\n| The Group as a lessor |\n| Leasesforwhichthegroupisalessorisclassifiedasafinanceoroperatinglease.Wheneverthetermsoftheleasetransfersubstantiallyalltherisksandrewardsof |\n| ownership to the lessee, the contract is classified as a finance lease. All other leases are classified as operating leases. |\n| When the Group is an intermediate lessor, it accounts for its interests in the head lease and the sublease separately. The sublease is classified as a finance or |\n| operating lease by reference to the right-of-use asset arising from the head lease. |\n| For operating leases, rental income is recognized on a straight line basis over the term of the relevant lease. |\n| Following are the changes in the carrying value of right-of-use assets for the three months ended September 30, 2025: |\n| (In ₹ crore) Particulars Category of ROU asset Total |\n| Land Buildings Vehicles Computers Balance as at July 1, 2025 599 3,366 24 2,352 6,341 |\n| Additions(1) - 118 2 490 610 |\n| Deletions - - - (175) (175) |\n| Depreciation (2) (187) (3) (303) (495) |\n| Translation difference 3 32 1 73 109 |\n| Balance as at September 30, 2025 600 3,329 24 2,437 6,390 (1) |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 105, "section": "for the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "e0373131f3542cb7", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 | Page: 106\n\n| Following are | the changes in | the | carrying | value | of | right-of-use | assets for | the t | hree months end | ed Septemb | er 30, 202 | 4: |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| Particulars |  |  |  |  |  |  |  |  | C | ategory of | ROU asse | t |  | (In | ₹ c | rore) Total |\n| Balance as of | July 1, 2024 |  |  |  |  |  |  |  | Land 603 | Buildings 3,387 |  | Vehicles 17 | Computers 2,505 |  |  | 6,512 |\n| Additions(1) |  |  |  |  |  |  |  |  | - | 112 |  | 3 | 390 |  |  | 505 |\n| Addition due t | o business com | bin | ation |  |  |  |  |  | - | 155 |  | 5 | - |  |  | 160 |\n| Deletions |  |  |  |  |  |  |  |  | - | (35) |  | (6) | (166) |  |  | (207) |\n| Depreciation |  |  |  |  |  |  |  |  | (1) | (167) |  | (4) | (225) |  |  | (397) |\n| Translation dif | ference |  |  |  |  |  |  |  | 2 | 29 |  | 8 | 80 |  |  | 119 |\n| Balance as at (1) | September 30 | , 20 | 24 |  |  |  |  |  | 604 | 3,481 |  | 23 | 2,584 |  |  | 6,692 |\n| Net of adju | stments on acc | oun | t of modi | ficatio | ns |  |  |  |  |  |  |  |  |  |  |  |\n| Following are | the changes in | the | carrying | value | of | right-of-use | assets for | the s | ix months ended | September | 30, 2025: |  |  |  |  |  |\n| Particulars |  |  |  |  |  |  |  |  | C | ategory of | ROU asse | t |  | (In | ₹ c | rore) Total |\n| Balance as of | April 1, 2025 |  |  |  |  |  |  |  | Land 600 | Buildings 3,348 |  | Vehicles 24 | Computers 2,339 |  |  | 6,311 |\n| Additions(1) |  |  |  |  |  |  |  |  | - | 293 |  | 3 | 857 |  |  | 1,153 |\n| Deletions |  |  |  |  |  |  |  |  | - | (19) |  | - | (369) |  |  | (388) |\n| Depreciation |  |  |  |  |  |  |  |  | (3) | (374) |  | (6) | (576) |  |  | (959) |\n| Translation dif | ference |  |  |  |  |  |  |  | 3 | 81 |  | 3 | 186 |  |  | 273 |\n| Balance as of (1) | September 30 | , 20 | 25 |  |  |  |  |  | 600 | 3,329 |  | 24 | 2,437 |  |  | 6,390 |\n| Net of adju Following are | stments on acc the changes in | oun the | t of modi carrying | ficatio value | ns of | right-of-use | assets for | the s | ix months ended | September | 30, 2024: |  |  |  |  |  |\n| Particulars |  |  |  |  |  |  |  |  | C | ategory of | ROU asse | t |  | (In | ₹ c | rore) Total |\n| Balance as of | April 1, 2024 |  |  |  |  |  |  |  | Land 605 | Buildings 3,298 |  | Vehicles 17 | Computers 2,632 |  |  | 6,552 |\n| Additions(1) |  |  |  |  |  |  |  |  | - | 385 |  | 6 | 674 |  |  | 1,065 |\n| Addition due t | o Business Co | mbi | nation |  |  |  |  |  | - | 155 |  | 5 | - |  |  | 160 |\n| Deletions |  |  |  |  |  |  |  |  | - | (35) |  | (6) | (315) |  |  | (356) |\n| Depreciation |  |  |  |  |  |  |  |  | (3) | (348) |  | (6) | (473) |  |  | (830) |\n| Translation dif | ference |  |  |  |  |  |  |  | 2 | 26 |  | 7 | 66 |  |  | 101 |\n| Balance as of (1) | September 30 | , 20 | 24 |  |  |  |  |  | 604 | 3,481 |  | 23 | 2,584 |  |  | 6,692 |\n| Net of adju | stments on acc | oun | t of modi | ficatio | ns |  |  |  |  |  |  |  |  |  |  |  |\n| The aggregate | depreciation e | xpe | nse on R | OU ass | et | s is included | in cost of | sale | s in the interim c | ondensed c | onsolidate | d statement of | comprehensive inc | ome |  |  |\n| The following | is the break-up | of | current a | nd no | n-c | urrent lease | liabilities | as of | September 30, | 2025 and M | arch 31, 2 | 025: |  |  |  |  |\n|  |  |  |  |  |  |  |  |  |  |  |  |  |  | (In | ₹ c | rore) |\n| Particulars |  |  |  |  |  |  |  |  |  |  |  |  | As at |  |  |  |\n|  |  |  |  |  |  |  |  |  |  |  |  | Septe | mber 30, 2025 | March | 31, | 2025 |\n| Current lease l | iabilities |  |  |  |  |  |  |  |  |  |  |  | 2,772 |  |  | 2,455 |\n| Non-current le | ase liabilities |  |  |  |  |  |  |  |  |  |  |  | 5,983 |  |  | 5,772 |\n| Total |  |  |  |  |  |  |  |  |  |  |  |  | 8,755 |  |  | 8,227 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 106, "section": "for the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "bb322b4ae7f5ea86", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 | Page: 107\n\n| 2.9 Goodwill and Intangible assets |\n|---|\n| 2.9.1 Goodwill |\n| Accounting Policy GoodwillrepresentsthepurchaseconsiderationinexcessoftheGroup'sinterestinthenetfairvalueofidentifiableassets,liabilitiesandcontingent liabilitiesoftheacquiredentity.Whenthenetfairvalueoftheidentifiableassets,liabilitiesandcontingentliabilitiesacquiredexceedsthepurchase |\n| consideration, thefairvalueofnetassetsacquiredisreassessedandthebargainpurchasegainisrecognizedimmediatelyinthenetprofitinthe Statement of Comprehensive Income. Goodwill is measured at cost less accumulated impairment losses. |\n| Impairment Goodwillistestedforimpairmentonanannualbasisandwheneverthereisanindicationthattherecoverableamountofacashgeneratingunit(CGU) islessthanitscarryingamount.Fortheimpairmenttest,goodwillisallocatedtotheCGUorgroupsofCGU’swhichbenefitfromthesynergiesofthe acquisition and which represents the lowest level at which goodwill is monitored for internal management purposes. A CGU is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or group of assets. |\n| Impairment occurs when the carrying amount of a CGU including the goodwill, exceeds the estimated recoverable amount of the CGU. The recoverableamountofaCGUisthehigherofitsfairvaluelesscosttosellanditsvalue-in-use.Value-in-useisthepresentvalueoffuturecashflows expectedtobederivedfromtheCGU.Keyassumptionsinthecashflowprojectionsarepreparedbasedoncurrenteconomicconditionsandincludes estimated long term growth rates, weighted average cost of capital and estimated operating margins. Following is a summary of changes in the carrying amount of goodwill: (In ₹ crore) As at |\n| Particulars September 30, 2025 March 31, 2025 Carrying value at the beginning 10,106 7,303 Goodwill on acquisitions (Refer to note 2.10) 444 2,593 Translation differences 952 210 |\n| Carrying value at the end 11,502 10,106 Forthepurposeofimpairmenttesting,goodwillacquiredinabusinesscombinationisallocatedtotheCGUsorgroupsofCGUs,whicharebenefited |\n| from the synergies of the acquisition. |\n| 2.9.2 Intangible assets |\n| Accounting Policy Intangible assetsare stated atcostlessaccumulatedamortization andimpairment.Intangibleassetsareamortized overtheir respectiveindividual estimatedusefullivesonastraight-linebasis,fromthedatethattheyareavailableforuse.Theestimatedusefullifeofanidentifiableintangibleasset |\n| isbasedonanumberoffactorsincludingtheeffectsofobsolescence,demand,competition,andothereconomicfactors(suchasthestabilityofthe industryandknowntechnologicaladvances),andthelevelofmaintenanceexpendituresrequiredtoobtaintheexpectedfuturecashflowsfromthe asset. Amortization methods and useful lives are reviewed periodically including at each financial year end. Researchcostsareexpensedasincurred.Softwareproductdevelopmentcostsareexpensedasincurredunlesstechnicalandcommercialfeasibilityof theprojectisdemonstrated,futureeconomicbenefitsareprobable,theGrouphasanintentionandabilitytocompleteanduseorsellthesoftwareand |\n| thecostscanbemeasuredreliably.Thecostswhichcanbecapitalizedincludethecostofmaterial,directlabour,overheadcoststhataredirectly attributable to prepare the asset for its intended use. Impairment Intangible assets are evaluated for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be |\n| recoverable.Forthepurposeofimpairmenttesting,therecoverableamount(i.e.thehigherofthefairvaluelesscosttosellandthevalue-in-use)is determinedonanindividualassetbasisunlesstheassetdoesnotgeneratecashflowsthatarelargelyindependentofthosefromotherassets.Insuch cases, the recoverable amount is determined for the CGU to which the asset belongs. Ifsuchassetsareconsideredtobeimpaired,theimpairmenttoberecognizedinnetprofitinthestatementofcomprehensiveincomeismeasuredby theamountbywhichthecarryingvalueoftheassetsexceedstheestimatedrecoverableamountoftheasset.Animpairmentlossisreversedinnet |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 107, "section": "for the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "fa6268e4f89c4962", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 | Page: 108\n\n| 2.10 Business combinations |\n|---|\n| Accounting policy |\n| Business combinations have been accounted for using the acquisition method under the provisions of IFRS 3 (Revised), Business Combinations. Thepurchasepriceinanacquisitionismeasuredatthefairvalueoftheassetstransferred,equityinstrumentsissuedandliabilitiesincurredorassumedatthedateof acquisition,whichisthedateonwhichcontrolistransferredtotheGroup.Thepurchasepricealsoincludesthefairvalueofanycontingentconsideration.Identifiable |\n| assetsacquiredandliabilitiesandcontingentliabilitiesassumedinabusinesscombinationaremeasuredinitiallyattheirfairvalueonthedateofacquisition.Contingent considerationisremeasuredatfairvalueateachreportingdateandchangesinthefairvalueofthecontingentconsiderationarerecognizedintheinterimcondensed Consolidated Statement of Comprehensive Income. Theinterestofnon-controllingshareholdersisinitiallymeasuredeitheratfairvalueoratthenon-controllinginterests’proportionateshareoftheacquiree’sidentifiable |\n| netassets.Thechoiceofmeasurementbasisismadeonanacquisition-by-acquisitionbasis.Subsequenttoacquisition,thecarryingamountofnon-controllinginterestsis the amount of those interests at initial recognition plus the non-controlling interests’ share of subsequent changes in equity of subsidiaries. BusinesscombinationsbetweenentitiesundercommoncontrolisoutsidethescopeofIFRS3(Revised),BusinessCombinationsandisaccountedforatcarryingvalueof |\n| assets acquired and liabilities assumed. ThepaymentsrelatedtooptionsissuedbytheGroupoverthenon-controllinginterestsinitssubsidiariesareaccountedasfinancialliabilitiesandinitiallyrecognizedat |\n| theestimatedpresentvalueofgrossobligations.Suchoptionsaresubsequentlymeasuredatfairvalueinordertoreflecttheamountpayableundertheoptionatthedateat which it becomes exercisable. In the event that the option expires unexercised, the liability is derecognized. Acquisition |\n| During the six months ended September 30, 2025 the Group, completed two business combinations by acquiring 100% partnership interests/voting interests in: 1)MREConsultingLtd.,aleadingEnergyandbusinessconsultingservicescompany,headquarteredinTexas,U.S.onApril30,2025,whichisexpectedtobringnewer |\n| capabilities for the Group in trading and risk management, especially in the energy sector. 2)TheMissingLinkSecurityPty.Ltd.,TheMissingLinkSecurityLimitedandTheMissingLinkAutomationPty.Ltd.(collectivelyknownas\"TheMissingLink\"),a |\n| leadingCybersecurityserviceproviderheadquarteredinAustraliaonApril30,2025,whichisexpectedtofurtherstrengthentheGroup'scapabilitiesinthecybersecurity sector and bolster its presence in the fast growing Australian Market. The provisional purchase price is allocated to assets acquired and liabilities assumed based upon determination of fair values at the date of acquisition as follows: (In ₹ crore) |\n| Acquiree's Fair value Purchase price Component carrying amount adjustments allocated Net Assets (1) 116 - 116 |\n| Intangible assets: Customer related# - 222 222 |\n| Vendor relationship# - 55 55 |\n| Brand# - 20 20 Deferred tax liabilities on intangible assets - (46) (46) Total 116 251 367 Goodwill 444 |\n| Total purchase price 811 (1) Includes cash and cash equivalents acquired of ₹102 crore # The estimated useful life is around 1 year to 7 years Theexcessofthepurchaseconsiderationpaidoverthefairvalueofassetsacquiredhasbeenattributedtogoodwill.Theprimaryitemsthatgeneratedthisgoodwillarethe |\n| value of the acquired assembled workforce and estimated synergies, neither of which qualify as an intangible asset. |\n| Goodwill amounting to ₹79 crore is expected to be deductible for tax purposes. Thetotalpurchaseconsiderationof₹811croreincludesupfrontcashconsiderationof₹741croreandcontingentconsiderationwithanestimatedfairvalueof₹70croreas |\n| on the date of acquisition. Attheacquisitiondate,thekeyinputsusedindeterminationofthefairvalueofcontingentconsiderationaretheprobabilitiesassignedtowardsachievementoffinancial |\n| targets and discount rates ranging from 2% - 3%. The undiscounted value of contingent consideration as of September 30, 2025 was approximately ₹79 crore. Additionally,theseacquisitionshaveretentionbonusandmanagementincentivespayabletotheemployeesoftheacquireeover2-3years,subjecttotheircontinuous employmentwiththeGroupandachievementoffinancialtargetsfortherespectiveyears.Retentionbonusandmanagementincentivesarerecognizedinemployeebenefit |\n| expenses in the Statement of Comprehensive Income over the period of service. |\n| Fair value of trade receivables acquired is ₹194 crore as of acquisition date and as of September 30, 2025, the amounts are substantially collected. TransactioncoststhattheGroupincursinconnectionwith abusiness combinationsuch asfinder’s fees,legalfees,due diligencefees, andother professionaland |\n| consulting fees are expensed as incurred. The transaction costs of ₹34 crore related to the acquisition have been included under administrative expenses in the Consolidated Statement of Comprehensive Income for the three months ended June 30, 2025. |\n| Proposed Acquisition OnAugust13,2025,InfosysSingaporePte.Ltd.,awhollyownedsubsidiaryofInfosysLimited,enteredintoadefinitiveagreementtoacquire75%oftheequityshare capitalinTelstraPurplePtyLtd,includingsomeofitssubsidiaries(togetherknownasVersentGroup),Australia’sleadingDigitalTransformationSolutionsProviderfor |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 108, "section": "for the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "79ffd1c4d28e2862", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 | Page: 109\n\n| X14AO2.11 Employees' Stock Option Plans (ESOP) |\n|---|\n| Accounting Policy TheGrouprecognizescompensationexpenserelatingtoshare-basedpaymentsinnetprofitbasedonestimatedfair-valuesoftheawardsonthegrantdate.The estimatedfairvalueofawardsisrecognizedasanexpenseinnetprofitintheinterimcondensedconsolidatedstatementofcomprehensiveincomeonastraight- |\n| linebasisovertherequisiteserviceperiodforeachseparatelyvestingportionoftheawardasiftheawardwasin-substance,multipleawardswithacorresponding increase to share premium. |\n| Infosys Expanded Stock Ownership Program 2019 (the 2019 Plan): OnJune22,2019pursuanttotheapprovalbytheshareholdersintheAnnualGeneralMeeting,theBoardhasbeenauthorizedtointroduce,offer,issueand provideshare-basedincentivestoeligibleemployeesoftheCompanyanditssubsidiariesunderthe2019Plan.Themaximumnumberofsharesunderthe2019 planshallnotexceed50,000,000equityshares.Toimplementthe2019Plan,upto45,000,000equitysharesmaybeissuedbywayofsecondaryacquisitionof sharesbytheInfosysExpandedStockOwnershipTrust.TheRestrictedStockUnits(RSUs)grantedunderthe2019planshallvestbasedontheachievementof |\n| defined annualperformance parameters as determined bythe administrator(Nomination andRemuneration Committee).The performanceparameters willbe basedonacombinationofrelativeTotalShareholderReturn(TSR)againstselectedindustrypeersandcertainbroadermarketdomesticandglobalindicesand operating performance metrics of the company as decided by administrator. Each of the above performance parameters will be distinct for the purposes of calculationofquantityofsharestovestbasedonperformance.Theseinstrumentswillgenerallyvestbetweenaminimumof1tomaximumof3yearsfromthe grant date. |\n| 2015 Stock Incentive Compensation Plan (the 2015 Plan): OnMarch31,2016,pursuanttotheapprovalbytheshareholdersthroughpostalballot,theBoardwasauthorizedtointroduce,offer,issueandallotshare-based incentivestoeligibleemployeesoftheCompanyanditssubsidiariesunderthe2015StockIncentiveCompensationPlan.Themaximumnumberofsharesunder |\n| the2015planshallnotexceed24,038,883equityshares(thisincludes11,223,576equityshareswhichareheldbythetrusttowardsthe2011PlanasatMarch31, 2016).Theseinstrumentswillgenerallyvestoveraperiodof4years.TheplannumbersmentionedabovearefurtheradjustedwiththeSeptember2018bonus issue. TheequitysettledandcashsettledRSUsandstockoptionswouldvestgenerallyoveraperiodof4yearsandshallbeexercisablewithintheperiodasapprovedby theNominationandRemunerationCommittee(NARC).TheexercisepriceoftheRSUswillbeequaltotheparvalueofthesharesandtheexercisepriceofthe |\n| stock options would be the market price as on the date of grant. Controlled trust holds 9,091,403 and 9,655,927 shares asat September30, 2025and March31, 2025,respectivelyunderthe 2015plan, outoftheseshares |\n| 200,000 equity shares each have been earmarked for welfare activities of the employees as at September 30, 2025 and March 31, 2025. |\n| The following is the summary of grants during three months and six months ended September 30, 2025 and September 30, 2024: Three months ended Six months ended |\n| Particulars September 30, September 30, 2025 2024 2025 2024 2015 Plan: RSU |\n| Equity settled RSUs Key Management Personnel (KMP) - - 277,077 295,168 |\n| Employees other than KMP 2,400 32,850 7,400 129,340 |\n| 2,400 32,850 284,477 424,508 2015 Plan: Employee Stock Options (ESOPs) |\n| Equity settled RSUs Key Management Personnel (KMP) - - 237,370 - |\n| Employees other than KMP - - 5,412,790 - - - 5,650,160 - |\n| Cash settled RSUs Key Management Personnel (KMP) - - - - |\n| Employees other than KMP - - 108,180 - - - 108,180 - |\n| Total Grants under 2015 Plan 2,400 32,850 6,042,817 424,508 2019 Plan: RSU |\n| Equity settled RSUs Key Management Personnel (KMP) - - 66,366 70,699 |\n| Employees other than KMP - - - 6,848 - - 66,366 77,547 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 109, "section": "for the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "2f47048727c9760f", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 | Page: 110\n\n| Notes on grants to KMP: |\n|---|\n| CEO & MD Under the 2015 plan: |\n| TheBoard,onApril17,2025,basedontherecommendationsoftheNominationandRemunerationCommitteeapprovedthefollowinggrantsforfiscal2026.In accordance with such approval the following grants were made effective May 2, 2025. -230,621performance-basedRSUs(Annualperformanceequitygrant)offairvalueof₹34.75crore.TheseRSUswillvestinlinewiththeemploymentagreement |\n| based on achievement of certain performance targets. -13,273performance-basedgrantofRSUs(AnnualperformanceequityESGgrant)offairvalueof₹2crore.TheseRSUswillvestinlinewiththeemployment |\n| agreement based on achievement of certain environment, social and governance milestones as determined by the Board. -33,183performance-basedgrantofRSUs(AnnualperformanceEquityTSRgrant)offairvalueof₹5crore.TheseRSUswillvestinlinewiththeemployment |\n| agreement based on Company’s performance on cumulative relative TSR over the years and as determined by the Board. ThoughtheannualtimebasedgrantsandannualperformanceequityTSRgrantfortheremainingemploymenttermendingonMarch31,2027havenotbeen |\n| grantedasofSeptember30,2025,sincetheservicecommencementdateprecedesthegrantdate,thecompanyhasrecordedemploymentstockcompensation expense in accordance with IFRS 2, Share based payments. The grant date for this purpose in accordance with IFRS 2, Share based payments is July 1, 2022. |\n| Under the 2019 plan: TheBoard,onApril17,2025,basedonthe recommendationsoftheNomination andRemuneration Committee,approved performance-basedgrant ofRSUs |\n| amountingto₹10croreforfiscal2026underthe2019Plan.TheseRSUswillvestbasedonachievementofcertainperformancetargets.Accordingly,66,366 performance based RSU’s were granted effective May 2, 2025. |\n| Other KMP Under the 2015 plan: DuringthesixmonthsendedSeptember30,2025,basedonrecommendations ofNomination andRemuneration Committee,the Boardapproved timebased |\n| grantsof237,370ESOPstoOtherKMPunderthe2015Plan.Thesestockoptionswillvestoveraperiodof4yearsandshallbeexercisablewithintheperiodas approved by the Committee. The exercise price of the stock options would be the market price as on the date of grant. The break-up of employee stock compensation expense is as follows: (in ₹ crore) |\n| Three months ended Six months ended Particulars September 30, September 30, 2025 2024 2025 2024 Granted to: |\n| KMP 18 17 35 35 Employees other than KMP 218 191 436 385 Total (1) 236 208 471 420 (1) |\n| Cash settled stock compensation expense included in the above 4 8 9 12 ThefairvalueoftheawardsareestimatedusingtheBlack-ScholesModelfortimeandnon-marketperformancebasedoptionsandMonteCarlosimulationmodel |\n| is used for TSR based options. Theinputstothemodelincludethesharepriceatdateofgrant,exerciseprice,expectedvolatility,expecteddividends,expectedtermandtheriskfreerateof interest.ExpectedvolatilityduringtheexpectedtermoftheoptionsisbasedonhistoricalvolatilityoftheobservedmarketpricesoftheCompany'spubliclytraded |\n| equityshares duringa period equivalent tothe expected term ofthe options. Expected volatilityof the comparative companyhave been modelled based on historical movements in the market prices of their publiclytraded equityshares during a period equivalent to the expected term ofthe options. Correlation coefficient is calculated between each peer entity and the indices as a whole or between each entity in the peer group. |\n| The fair value of each equity settled award is estimated on the date of grant using the following assumptions: Particulars For options granted in Fiscal 2026- Fiscal 2026- Fiscal 2026- Fiscal 2025- Fiscal 2025- Equity Shares- Equity Shares- ADS-ESOP Equity ADS-RSU RSU ESOP Shares-RSU Weighted average share price (₹) / ($ ADS) 1,507 1,554 17.93 1,428 18.09 Exercise price (₹)/ ($ ADS) 5.00 1,554 17.93 5.00 0.07 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 110, "section": "for the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "6cdd541acc005979", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 | Page: 111\n\n| 2.12 Income Taxes Accounting policy Incometaxexpensecomprisescurrentanddeferredincometax.IncometaxexpenseisrecognizedinnetprofitintheinterimcondensedConsolidatedStatementofComprehensive incomeexcepttotheextentthatitrelatestoitemsrecognizeddirectlyinequity,inwhichcaseitisrecognizedinequityorothercomprehensiveincome.Currentincometaxforcurrent andpriorperiodsisrecognizedattheamountexpectedtobepaidtoorrecoveredfromthetaxauthorities,usingthetaxratesandtaxlawsthathavebeenenactedorsubstantivelyenacted bytheBalanceSheetdate.Deferredincometaxassetsandliabilitiesarerecognizedforalltemporarydifferencesarisingbetweenthetaxbasesofassetsandliabilitiesandtheircarrying amountsinthefinancialstatementsexceptwhenthedeferredincometaxarisesfromtheinitialrecognitionofgoodwilloranassetorliabilityinatransactionthatisnotabusiness combinationandaffectsneitheraccountingnortaxableprofitorlossatthetimeofthetransaction.Deferredtaxassetsarereviewedateachreportingdateandarereducedtotheextent |\n|---|\n| that it is no longer probable that the related tax benefit will be realized. DeferredincometaxassetsandliabilitiesaremeasuredusingtaxratesandtaxlawsthathavebeenenactedorsubstantivelyenactedbytheBalanceSheetdateandareexpectedtoapply totaxableincomeintheyearsinwhichthosetemporarydifferencesareexpectedtoberecoveredorsettled.Theeffectofchangesintaxratesondeferredincometaxassetsandliabilities isrecognizedasincomeorexpenseintheperiodthatincludestheenactmentorthesubstantiveenactmentdate.Adeferredincometaxassetisrecognizedtotheextentthatitisprobable thatfuturetaxableprofitwillbeavailableagainstwhichthedeductibletemporarydifferencesandtaxlossescanbeutilized.Deferredincometaxesarenotprovidedontheundistributed earnings of subsidiaries and branches where it is expected that the earnings of the subsidiary or branch will not be distributed in the foreseeable future. TheGroupoffsetscurrenttaxassetsandcurrenttaxliabilities;deferredtaxassetsanddeferredtaxliabilities,whereithasalegallyenforceablerighttosetofftherecognizedamounts andwhereitintendseithertosettleonanetbasis,ortorealizetheassetandsettletheliabilitysimultaneously.Theincometaxprovisionfortheinterimperiodismadebasedonthebest |\n| estimateoftheannualaveragetaxrateexpectedtobeapplicableforthefullfinancialyear.Taxbenefitsofdeductionsearnedonexerciseofemployeeshareoptionsinexcessof compensation charged to income are credited to equity. Income tax expense in the consolidated statement of comprehensive income comprises: (In ₹ crore) Three months ended September 30, Six months ended September 30, Particulars 2025 2024 2025 2024 Current taxes Domestic taxes 2,458 2,336 4,777 4,643 |\n| Foreign taxes 720 810 1,455 1,501 3,178 3,146 6,232 6,144 Deferred taxes Domestic taxes (199) (262) (341) (496) Foreign taxes (125) (147) (221) (264) (324) (409) (562) (760) Income tax expense 2,854 2,737 5,670 5,384 IncometaxexpenseforthethreemonthsendedSeptember30,2025andSeptember30,2024includesreversal(netofprovisions)of₹2croreand provisions(netofreversal)of₹83 crore,respectively.IncometaxexpenseforthesixmonthsendedSeptember30,2025andSeptember30,2024includesprovisions(netofreversal)of₹114croreandreversal (netof |\n| provisions)of₹143crore,respectively.Theseprovisionsandreversalspertainingtopriorperiodsareprimarilyonaccountofadjudicationofcertaindisputedmatters,uponfilingoftax return and completion of assessments, across various jurisdictions. |\n| Deferred income tax for the three months and six months ended September 30, 2025 and September 30, 2024 substantially relates to origination and reversal of temporary differences. TheCompany’sAdvancedPricingArrangement(APA)withtheInternalRevenueService(IRS)forUSbranchincometaxexpiredinMarch2021.TheCompanyhasappliedforrenewal |\n| of APA and currently the US taxable income is based on the Company’s best estimate determined based on the expected value method. |\n| As at September 30, 2025, claims against the Group not acknowledged as debts from the Income tax authorities amounted to ₹2,003 crore. |\n| As at March 31, 2025, claims against the Group not acknowledged as debts from the Income tax authorities amounted to ₹1,933 crore. |\n| The amount paid to statutory authorities against the tax claims amounted to ₹1,213 crore and ₹4,199 crore as at September 30, 2025 and March 31, 2025, respectively. TheclaimsagainsttheGroupprimarilyrepresentdemandsarisingoncompletionofassessmentproceedingsundertheIncomeTaxAct,1961.Theseclaimsareonaccountofissuesof disallowanceofexpendituretowardssoftwarebeingheldascapitalinnature,paymentsmadetoAssociatedEnterprisesheldasliableforwithholdingoftaxes,amongothers.These |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 111, "section": "for the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "4c83ffcc8ec6f8b4", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 | Page: 112\n\n| 2.13 Earnings per equity share |\n|---|\n| Accounting Policy |\n| BasicearningsperequityshareiscomputedbydividingthenetprofitattributabletotheequityholdersoftheGroupbytheweightedaveragenumberof |\n| equitysharesoutstandingduringtheperiod.Dilutedearningsperequityshareiscomputedbydividingthenetprofitattributabletotheequityholdersof |\n| theGroupbytheweightedaveragenumberofequitysharesconsideredforderivingbasicearningsperequityshareandalsotheweightedaveragenumber |\n| ofequitysharesthatcouldhavebeenissueduponconversionofalldilutivepotentialequityshares.Thedilutivepotentialequitysharesareadjustedforthe |\n| proceeds receivable had the equityshares been actuallyissued at fair value (i.e. the average market value of the outstanding equity shares). Dilutive |\n| potentialequitysharesaredeemedconvertedasatthebeginningoftheperiod,unlessissuedatalaterdate.Dilutivepotentialequitysharesaredetermined |\n| independently for each period presented. |\n| Thenumberofequitysharesandpotentiallydilutiveequitysharesareadjustedretrospectivelyforallperiodspresentedforanysharesplitsandbonus |\n| shares issues including for changes effected prior to the approval of the financial statements by the Board of Directors. |\n| 2.14 Related party transactions |\n| Refertonote2.14\"Relatedpartytransactions\"intheCompany’s2025ConsolidatedfinancialstatementsunderIFRSinIndianrupeeforthefullnames |\n| and other details of the Company's subsidiaries and controlled trusts. |\n| Changes in Subsidiaries |\n| During the six months ended September 30, 2025, the following are the changes in the subsidiaries: |\n| . Infosys Energy Consulting Services LLC , a wholly-owned subsidiary of Infosys Nova Holdings LLC was incorporated on April 16, 2025. |\n| . Infosys Saudi Arabia LLC, a wholly-owned subsidiary of Infosys Limited was incorporated on April 21, 2025. |\n| . Infosys Australia Technology Service Pty Ltd, a wholly-owned subsidiary of Infosys Singapore Pte. Limited was incorporated on April 23, 2025. |\n| . OnApril30,2025,InfosysNovaHoldingsLLC,awhollyownedsubsidiaryofInfosysLimited,acquired98.21%ofpartnershipinterestsinMRE |\n| ConsultingLtdalongwithitssubsidiaryMRETechnologyServices,LLC.Theremaining1.79%wasacquiredbyInfosysEnergyConsultingServices |\n| LLC , a Wholly-owned subsidiary of Infosys Nova Holdings LLC. . |\n| OnApril30,2025,InfosysAustraliaTechnologyServicePtyLtd,awhollyownedsubsidiaryofInfosysSingaporePte.Limited,acquired100%of votinginterestsinTheMissingLinkAutomationPtyLtd,TheMissingLinkNetworkIntegrationPtyLtdandTheMissingLinkSecurityPtyLtd |\n| along with its subsidiary The Missing Link Security Ltd |\n| . in-tech Automotive Engineering de. R L de. C V, a wholly-owned subsidiary of in-tech GmbH has been liquidated effective May 07, 2025. |\n| . On May 13, 2025, Infosys Singapore Pte Ltd diluted 2% stake of HIPUS Co., Ltd to Mitsubishi Heavy Industries, Ltd. |\n| . Infosys BPM Canada Inc, a Wholly-owned subsidiary of Infosys BPM UK Limited was incorporated on July 28, 2025 |\n| . InfosysGermanyGmbh,aWholly-ownedsubsidiaryofInfosysSingaporePteLtdmergedintoInfosysGermanySE(formerlyknownasBlitz24-893 |\n| SE) effective September 24, 2025 |\n| Transactions with key management personnel |\n| The table below describes the compensation to key management personnel which comprise directors and executive officers: |\n| (In ₹ crore) |\n| Particulars Three months ended September 30, Six months ended September 30, |\n| 2025 2024 2025 2024 Salaries and other short term employee benefits to whole-time directors and 30 28 60 56 |\n| executive officers(1)(2) Commission and other benefits to non-executive/ independent directors 5 5 9 9 |\n| Total 35 33 69 65 |\n| (1)For the three months ended September 30, 2025 and September 30, 2024, includes a charge of ₹18 crore and ₹17 crore respectively, towards |\n| employeestockcompensationexpense.ForthesixmonthsendedSeptember30,2025andSeptember30,2024,includesachargeof ₹35croreand₹35 |\n| crore respectively, towards employee stock compensation expense. (Refer to note 2.11). |\n| (2)Does not include post-employment benefits and other long-term benefits based on actuarial valuation as these are done for the Company as a whole. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 112, "section": "for the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "7fcba55f605b42a2", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 | Page: 113\n\n| X17AO2.15 Segment reporting |\n|---|\n| IFRS8OperatingSegmentsestablishesstandardsforthewaythatpublicbusinessenterprisesreportinformationaboutoperatingsegmentsandrelateddisclosures aboutproductsandservices,geographicareas,andmajorcustomers.TheGroup'soperationspredominantlyrelatetoprovidingend-to-endbusinesssolutionsto enableclientstoenhancebusinessperformance.TheChiefOperatingDecisionMaker(CODM)evaluatestheGroup'sperformanceandallocatesresourcesbased |\n| onananalysisofvariousperformanceindicatorsbybusinesssegments.Accordingly,informationhasbeenpresentedalongbusinesssegments.Theaccounting principlesusedinthepreparationofthefinancialstatementsareconsistentlyappliedtorecordrevenueandexpenditureinindividualsegments,andareassetout in the accounting policies. BusinesssegmentsoftheGroupareprimarilyenterprisesinFinancialServicesandInsurance,enterprisesinManufacturing,enterprisesinRetail,Consumer PackagedGoodsandLogistics,enterprisesintheEnergy,Utilities,ResourcesandServices,enterprisesinCommunication,TelecomOEMandMedia,enterprises |\n| inHi-Tech,enterprisesinLifeSciencesandHealthcareandallothersegments.TheFinancialservicesreportablesegmentshasbeenaggregatedtoincludethe FinancialServicesoperatingsegmentandFinacleoperatingsegmentbecauseofthesimilarityoftheeconomiccharacteristics.Allothersegmentsrepresentsthe operating segments of businesses in India, Japan, China, Infosys Public Services & other enterprises in Public Services. Revenueandidentifiableoperatingexpensesinrelationtosegmentsarecategorizedbasedonitemsthatareindividuallyidentifiabletothatsegment.Revenuefor 'allothersegments'representsrevenuegeneratedbyInfosysPublicServicesandrevenuegeneratedfromcustomerslocatedinIndia,JapanandChinaandother enterprisesinPublicservices.AllocatedexpensesofsegmentsincludeexpensesincurredforrenderingservicesfromtheGroup'soffshoresoftwaredevelopment centersandon-siteexpenses,whicharecategorizedinrelationtotheassociatedeffortsofthesegment.Certainexpensessuchasdepreciationandamortization, |\n| whichformasignificantcomponentoftotalexpenses,arenotspecificallyallocabletospecificsegmentsastheunderlyingassetsareusedinterchangeably.The Managementbelievesthatitisnotpracticaltoprovidesegmentdisclosuresrelatingtothosecostsandexpenses,andaccordinglytheseexpensesareseparately disclosed as \"unallocated\" and adjusted against the total income of the Group. AssetsandliabilitiesusedintheGroup'sbusinessarenotidentifiedtoanyofthereportablesegments,astheseareusedinterchangeablybetweensegments.The |\n| Managementbelievesthatitiscurrentlynotpracticabletoprovidesegmentdisclosuresrelatingtototalassetsandliabilitiessinceameaningfulsegregationofthe available data is onerous. |\n| Business segment revenue information is collated based on individual customers invoiced or in relation to which the revenue is otherwise recognized. |\n| Disclosure of revenue by geographic locations is given in note 2.16 Revenue from operations. |\n| 2.15.1 Business segments Three months ended September 30, 2025 and September 30, 2024 |\n| (In ₹ crore) Particulars Financial Manufacturing Energy, Retail(2) Communication(3) Hi-Tech Life All other Total |\n| Services(1) Utilities, Sciences(4) segments(5) Resources and |\n| Services Revenue 12,320 7,347 5,945 5,639 5,397 3,703 2,863 1,276 44,490 |\n| 11,156 6,424 5,546 5,446 4,879 3,266 3,004 1,265 40,986 |\n| Identifiable operating expenses 7,017 4,439 3,341 2,815 3,402 2,342 1,802 802 25,960 |\n| 6,258 4,074 3,166 2,696 3,165 1,889 1,865 840 23,953 |\n| Allocated expenses 2,244 1,156 1,098 1,104 978 598 527 290 7,995 |\n| 2,038 1,053 945 982 822 583 525 276 7,224 Segment Profit 3,059 1,752 1,506 1,720 1,017 763 534 184 10,535 |\n| 2,860 1,297 1,435 1,768 892 794 614 149 9,809 Unallocable expenses 1,182 |\n| 1,160 Operating profit 9,353 |\n| 8,649 Other income, net 982 712 Finance cost 106 |\n| 108 Profit before income taxes 10,229 9,253 Income tax expense 2,854 2,737 Net profit 7,375 |\n| 6,516 Depreciation and amortization 1,182 1,160 Non-cash expenses other than depreciation and amortization - - (1) Financial Services include enterprises in Financial Services and Insurance (2) |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 113, "section": "for the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d63f35b84f083572", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 | Page: 114\n\n| (In ₹ crore) Particulars Financial Manufacturing Energy, Retail(2) Communication(3) Hi-Tech Life All other Total |\n|---|\n| Services(1) Utilities, Sciences(4) segments(5) Resources and |\n| Services Revenue 24,116 14,151 11,687 11,290 10,494 6,999 5,607 2,425 86,769 |\n| 21,971 12,201 10,767 10,873 9,622 6,414 5,871 2,581 80,300 |\n| Identifiable operating expenses 13,679 8,713 6,622 5,729 6,734 4,304 3,512 1,465 50,758 |\n| 12,346 7,857 5,882 5,392 6,278 3,673 3,622 1,591 46,641 |\n| Allocated expenses 4,405 2,269 2,122 2,150 1,863 1,163 1,008 551 15,531 |\n| 4,153 2,041 1,893 1,962 1,656 1,133 1,023 551 14,412 Segment Profit 6,032 3,169 2,943 3,411 1,897 1,532 1,087 409 20,480 |\n| 5,472 2,303 2,992 3,519 1,688 1,608 1,226 439 19,247 Unallocable expenses 2,323 |\n| 2,310 Operating profit 18,157 |\n| 16,937 Other income, net 2,024 1,551 Finance cost 211 |\n| 214 Profit before income taxes 19,970 18,274 Income tax expense 5,670 5,384 Net profit 14,300 |\n| 12,890 Depreciation and amortization 2,323 |\n| 2,310 Non-cash expenses other than depreciation and amortization - |\n| - (1) Financial Services include enterprises in Financial Services and Insurance (2) Retail includes enterprises in Retail, Consumer Packaged Goods and Logistics (3) |\n| Communication includes enterprises in Communication, Telecom OEM and Media (4) Life Sciences includes enterprises in Life sciences and Health care (5) Others include operating segments of businesses in India, Japan, China, Infosys Public Services & other enterprises in Public Services |\n| 2.15.2 Significant clients Noclientindividuallyaccountedformorethan10%oftherevenuesforthethreemonthsandsixmonthsendedSeptember30,2025andSeptember30,2024, |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 114, "section": "for the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "0e92156a6ce17a0b", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 | Page: 115\n\n| 2.16 Revenue from Operations |\n|---|\n| Accounting Policy TheGroupderivesrevenuesprimarilyfromITservicescomprisingsoftwaredevelopmentandrelatedservices,cloudandinfrastructureservices,maintenance,consultingandpackageimplementation, |\n| licensingofsoftwareproductsandplatformsacrosstheGroup’scoreanddigitalofferings(togethercalledas“softwarerelatedservices”)andbusinessprocessmanagementservices.Contractswith customers are either on a time-and-material, unit of work, fixed-price or on a fixed-time frame basis. Revenuesfromcustomercontractsareconsideredforrecognitionandmeasurementwhenthecontracthasbeenapprovedinwritingbytheparties,tothecontract,thepartiestocontractarecommitted toperformtheirrespectiveobligationsunderthecontract,andthecontractislegallyenforceable.Revenueisrecognizedupontransferofcontrolofpromisedproductsorservices(“performance |\n| obligations”)tocustomersinanamountthatreflectstheconsiderationtheGrouphasreceivedorexpectstoreceiveinexchangefortheseproductsorservices(“transactionprice”).Whenthereis uncertainty as to collectability, revenue recognition is postponed until such uncertainty is resolved. TheGroupassessestheservicespromisedinacontractandidentifiesdistinctperformanceobligationsinthecontract.TheGroupallocatesthetransactionpricetoeachdistinctperformanceobligation basedontherelativestandalonesellingprice.Thepricethatisregularlychargedforanitemwhensoldseparatelyisthebestevidenceofitsstandalonesellingprice.Intheabsenceofsuchevidence,the |\n| primarymethodusedtoestimatestandalonesellingpriceistheexpectedcostplusamargin,underwhichtheGroupestimatesthecostofsatisfyingtheperformanceobligationandthenaddsan appropriate margin based on similar services. TheGroup’scontractsmayincludevariableconsiderationincludingrebates,volumediscountsandpenalties.TheGroupincludesvariableconsiderationaspartoftransactionpricewhenthereisabasis toreasonablyestimatetheamountofthevariableconsiderationandwhenitisprobablethatasignificantreversalofcumulativerevenuerecognizedwillnotoccurwhentheuncertaintyassociatedwith |\n| the variable consideration is resolved. Revenueontime-and-materialandunitofworkbasedcontracts,arerecognizedastherelatedservicesareperformed.Fixedpricemaintenancerevenueisrecognizedratablyeitheronastraight-line basiswhenservicesareperformedthroughanindefinitenumberofrepetitiveactsoveraspecifiedperiodorratablyusingapercentageofcompletionmethodwhenthepatternofbenefitsfromthe servicesrenderedtothecustomerandGroup’scoststofulfilthecontractisnoteventhroughtheperiodofcontractbecausetheservicesaregenerallydiscreteinnatureandnotrepetitive.Revenuefrom otherfixed-price,fixed-timeframecontracts,wheretheperformanceobligationsaresatisfiedovertimeisrecognizedusingthepercentage-of-completionmethod.Effortsorcostsexpendedareusedto |\n| determineprogresstowardscompletionasthereisadirectrelationshipbetweeninputandproductivity.Progresstowardscompletionismeasuredastheratioofcostsoreffortsincurredtodate (representingworkperformed)totheestimatedtotalcostsorefforts.Estimatesoftransactionpriceandtotalcostsoreffortsarecontinuouslymonitoredoverthetermofthecontractsandare recognizedinnetprofitintheperiodwhentheseestimateschangeorwhentheestimatesarerevised.Revenuesandtheestimatedtotalcostsoreffortsaresubjecttorevisionasthecontractprogresses. Provisions for estimated losses, if any, on incomplete contracts are recorded in the period in which such losses become probable based on the estimated efforts or costs to complete the contract. Thebillingschedulesagreedwithcustomersincludeperiodicperformancebasedbillingand/ormilestonebasedprogressbillings.Revenuesinexcessofbillingareclassifiedasunbilledrevenuewhile |\n| billing in excess of revenues are classified as contract liabilities (which we refer to as unearned revenues). Inarrangementsforsoftwaredevelopmentandrelatedservicesandmaintenanceservices,byapplyingtherevenuerecognitioncriteriaforeachdistinctperformanceobligation,thearrangementswith customersgenerallymeetthecriteriaforconsideringsoftwaredevelopmentandrelatedservicesasdistinctperformanceobligations.Forallocatingthetransactionprice,theGroupmeasurestherevenue |\n| inrespectofeachperformanceobligationofacontractatitsrelativestandalonesellingprice.Thepricethatisregularlychargedforanitemwhensoldseparatelyisthebestevidenceofitsstandalone sellingprice.IncaseswheretheGroupisunabletodeterminethestandalonesellingprice,theGroupusestheexpectedcostplusmarginapproachinestimatingthestandalonesellingprice.For software development and related services, the performance obligations are satisfied as and when the services are rendered since the customer generally obtains control of the work as it progresses. Certaincloudandinfrastructureservicescontractsincludemultipleelementswhichmaybesubjecttootherspecificaccountingguidance,suchasleasingguidance.Thesecontracts areaccountedin accordancewithsuchspecificaccountingguidance.InsucharrangementswheretheGroupisabletodeterminethathardwareandservicesaredistinctperformanceobligations,itallocatesthe considerationtotheseperformanceobligationsonarelativestandalonesellingpricebasis.Intheabsenceofstandalonesellingprice,theGroupusestheexpectedcost-plusmarginapproachin estimatingthestandalonesellingprice.Whensucharrangementsareconsideredasasingleperformanceobligation,revenueisrecognizedovertheperiodandmeasureofprogressisdetermined based |\n| on promise in the contract. Revenuefromlicenseswherethecustomerobtainsa“righttouse”thelicensesisrecognizedatthetimethelicenseismadeavailabletothecustomer.Revenuefromlicenseswherethecustomer obtains a “right to access” is recognized over the access period. Arrangementstodeliversoftwareproductsgenerallyhavethreeelements:license,implementationandAnnualTechnicalServices(ATS).Whenimplementationservicesareprovidedinconjunction withthelicensingarrangementandthelicenseandimplementationhavebeenidentifiedastwodistinctseparateperformanceobligations,thetransactionpriceforsuchcontractsareallocatedtoeach performanceobligationofthecontractbasedontheirrelativestandalonesellingprices.Intheabsenceofstandalonesellingpriceforimplementation,theGroupusestheexpectedcostplusmargin |\n| approachinestimatingthestandalonesellingprice.Wherethelicenseisrequiredtobesubstantiallycustomizedaspartoftheimplementationservicetheentirearrangementfeeforlicenseand implementationisconsideredtobeasingleperformanceobligationandtherevenueisrecognizedusingthepercentage-of-completionmethodastheimplementationisperformed.Revenuefromclient training,supportandotherservicesarisingduetothesaleofsoftwareproductsisrecognizedastheperformanceobligationsaresatisfied.ATSrevenueisrecognizedratablyonastraightlinebasisover the period in which the services are rendered. Contractswithcustomersincludessubcontractorservicesorthird-partyvendorequipmentorsoftwareincertainintegratedservicesarrangements.Inthesetypesofarrangements,revenuefromsalesof third-partyvendorproductsorservicesisrecordednetofcostswhentheGroupisactingasanagentbetweenthecustomerandthevendor,andgrosswhentheGroupistheprincipalforthetransaction. |\n| Indoingso,theGroupfirstevaluateswhetheritobtainscontrolofthespecifiedgoodsorservicesbeforetheyaretransferredtothecustomer.TheGroupconsiderswhetheritisprimarilyresponsible forfulfillingthepromisetoprovidethespecifiedgoodsorservices,inventoryrisk,pricingdiscretionandotherfactorstodeterminewhetheritcontrolsthespecifiedgoodsorservicesandtherefore,is acting as a principal or an agent. Acontractmodificationisachangeinthescopeorpriceorbothofacontractthatisapprovedbythepartiestothecontract.Acontractmodificationthatresultsintheadditionofdistinctperformance obligationsareaccountedforeitherasaseparatecontractiftheadditionalservicesarepricedatthestandalonesellingpriceorasaterminationoftheexistingcontractandcreationofanewcontractif |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 115, "section": "for the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "fe33685f3803c0e2", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 | Page: 116\n\n| The incremental costs of obtaining a contract (i.e., costs that would not have been incurred if the contract had not been obtained) are recognized as an asset if the Group expects to recover them. Certaineligible,nonrecurringcosts(e.g.set-uportransitionortransformationcosts)thatdonotrepresentaseparateperformanceobligationarerecognizedasanassetwhensuchcosts(a)relate |\n|---|\n| directly to the contract; (b) generate or enhance resources of the Group that will be used in satisfying the performance obligation in the future; and (c) are expected to be recovered. Capitalizedcontractcostsrelatingtoupfrontpaymentstocustomersareamortizedtorevenueandothercapitalizedcostsareamortizedtocostofsalesovertherespectivecontractlifeonasystematic |\n| basisconsistentwiththetransferofgoodsorservicestocustomertowhichtheassetrelates.Capitalizedcostsaremonitoredregularlyforimpairment.Impairmentlossesarerecordedwhenpresent value of projected remaining operating cash flows is not sufficient to recover the carrying amount of the capitalized costs. |\n| The Group presents revenues net of indirect taxes in its interim condensed Consolidated Statement of Comprehensive Income. Revenues for the three months and six months ended September 30, 2025 and September 30, 2024 is as follows: (In ₹ crore) Particulars Three months ended September 30, Six months ended September 30, 2025 2024 2025 2024 |\n| Revenue from software services 42,392 39,133 82,723 76,629 Revenue from products and platforms 2,098 1,853 4,046 3,671 Total revenue from operations 44,490 40,986 86,769 80,300 Products & platforms |\n| TheGroupalsoderivesrevenuesfromthesaleofproductsandplatformslikeFinacle–corebankingsolution,EdgeSuiteofproducts,Panayaplatform,StaterdigitalplatformandInfosysMcCamish– insurance platform. Disaggregated revenue information Revenuedisaggregationbybusinesssegmentshasbeenincludedinsegmentinformation(Refernote2.15).Thetablebelowpresentsdisaggregatedrevenuesfromcontractswithcustomersby geographyandcontracttype.TheGroupbelievesthatthisdisaggregationbestdepictshowthenature,amount,timinganduncertaintyofrevenuesandcashflowsareaffectedbyindustry,marketand other economic factors. For the three months and six months ended September 30, 2025 and September 30, 2024 (In ₹ crore) Three months ended September 30, Six months ended September 30, Particulars 2025 2024 2025 2024 Revenues by Geography* |\n| North America 25,027 23,507 48,894 46,649 Europe 14,125 12,208 27,463 23,394 India 1,387 1,288 2,606 2,515 Rest of the world 3,951 3,983 7,806 7,742 Total 44,490 40,986 86,769 80,300 * Geographical revenues is based on the domicile of customer. Thepercentageofrevenuefromfixed-pricecontractsforeachofthethreemonthsendedSeptember30,2025andSeptember30,2024is54%.Thepercentageofrevenuefromfixed-pricecontractsfor each of the six months ended September 30, 2025 and September 30, 2024 is 54%. |\n| Trade Receivables and Contract Balances Thetimingofrevenuerecognition,billingsandcashcollectionsresultsinreceivables,unbilledrevenue,andunearnedrevenueontheGroup’sConsolidatedBalanceSheet.Amountsarebilledaswork |\n| progresses in accordance with agreed-upon contractual terms, either at periodic intervals (e.g., monthly or quarterly) or upon achievement of contractual milestones. TheGroup’sReceivablesarerightstoconsiderationthatareunconditional.Unbilledrevenuescomprisingrevenuesinexcessofbillingsfromtimeandmaterialcontractsandfixedpricemaintenance |\n| contracts are classified as financial asset when the right to consideration is unconditional and is due only after a passage of time. Invoicingtotheclientsforotherfixedpricecontractsisbasedonmilestonesasdefinedinthecontractandthereforethetimingofrevenuerecognitionisdifferentfromthetimingofinvoicingtothe |\n| customers.Therefore,unbilledrevenuesforotherfixedpricecontracts(contractasset)areclassifiedasnon-financialassetbecausetherighttoconsiderationisdependentoncompletionofcontractual milestones. |\n| Invoicing in excess of earnings are classified as unearned revenue. |\n| Trade receivables and unbilled revenues are presented net of impairment in the consolidated statement of balance sheet. 2.17 Unbilled Revenue (In ₹ crore) |\n| Particulars As at September 30, 2025 March 31, 2025 Unbilled financial asset (1) 11,194 10,214 |\n| Unbilled non financial asset (2) 5,427 4,869 Total 16,621 15,083 (1) |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 116, "section": "for the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "c596687cf119dc8b", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 | Page: 117\n\n| X22AO2.18 Equity |\n|---|\n| Accounting policy Ordinary Shares |\n| Ordinarysharesareclassifiedasequity.Incrementalcostsdirectlyattributabletotheissuanceofnewordinaryshares,shareoptionsandbuybackarerecognizedasa deduction from equity, net of any tax effects. |\n| Treasury Shares WhenanyentitywithintheGrouppurchasesthecompany'sordinaryshares,theconsiderationpaidincludinganydirectlyattributableincrementalcostispresentedas adeductionfromtotalequity,untiltheyarecancelled,soldorreissued.Whentreasurysharesaresoldorreissuedsubsequently,theamountreceivedisrecognizedas |\n| an increase in equity, and the resulting surplus or deficit on the transaction is transferred to/from Share premium. |\n| Description of reserves Retained earnings |\n| Retained earnings represent the amount of accumulated earnings of the Group. |\n| Share premium Theamountreceivedinexcessoftheparvalueofequityshareshasbeenclassifiedassharepremium.Additionally,share-based compensationrecognizedinnet profit in the condensed consolidated statement of comprehensive income is credited to share premium. Amounts have been utilized for bonus issue and share |\n| buyback from share premium account. |\n| Other Reserve TheSpecialEconomicZoneRe-investmentreservehasbeencreatedoutoftheprofitoftheeligibleSEZunitintermsoftheprovisionsofSec10AA(1)(ii)of Income Tax Act, 1961. The reserve should be utilized bythe Companyfor acquiring new plant and machineryfor the purpose of itsbusiness in terms ofthe |\n| provisions of the Sec 10AA (2) of the Income Tax Act, 1961. |\n| Capital Redemption Reserve Inaccordancewithsection69oftheIndianCompaniesAct,2013,theCompanycreatescapitalredemptionreserveequaltothenominalvalueofthesharesbought |\n| back as an appropriation from general reserve / retained earnings. |\n| Cash flow hedge reserve When a derivative is designated as a cash flow hedging instrument, the effective portion of changes in the fair value of the derivative is recognized in other comprehensiveincomeandaccumulatedinthecashflowhedgingreserve.Thecumulativegainorlosspreviouslyrecognizedinthecashflowhedgingreserveis |\n| transferred to the net profit in the interim condensed consolidated Statement of Comprehensive Income upon the occurrence of the related forecasted transaction. |\n| Other components of equity Othercomponentsofequityincludecurrencytranslation,re-measurementofnetdefinedbenefitliability/asset,fairvaluechangesofequityinstrumentsfairvalued |\n| through other comprehensive income, changes on fair valuation of investments, net of taxes. |\n| 2.18.1 Voting Eachholderofequitysharesisentitledtoonevotepershare.TheequitysharesrepresentedbyAmericanDepositaryShares(ADS)carrysimilarrightstovotingand |\n| dividends as the other equity shares. Each ADS represents one underlying equity share. |\n| 2.18.2 Liquidation Intheeventofliquidationofthecompany,theholdersofsharesshallbeentitledtoreceiveanyoftheremainingassetsofthecompany,afterdistributionofall preferentialamounts.However,nosuchpreferentialamountsexistcurrently,otherthantheamountsheldbyirrevocablecontrolledtrusts.Theamountdistributed |\n| will be in proportion to the number of equity shares held by the shareholders. For irrevocable controlled trusts, the corpus would be settled in favor of the beneficiaries. |\n| 2.18.3 Share options |\n| There are no voting, dividend or liquidation rights to the holders of options issued under the company's share option plans. |\n| 2.18.4 Share capital and share premium The Companyhas onlyone class of shares referred to as equityshareshaving a par value of ₹5/-each. 9,091,403 shares and 9,655,927 shares were held by |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 117, "section": "for the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "c0b9a4f5bccacec8", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 | Page: 118\n\n| 2.18.5 Capital allocation policy Effectivefiscal2025,theCompanyexpectstocontinueitspolicyofreturningapproximately85%ofthefreecashflowcumulativelyovera5-yearperiodthrougha |\n|---|\n| combination of semi-annual dividends and/or share buyback/ special dividends subject to applicable laws and requisite approvals, if any. Underthispolicy,theCompanyexpectstoprogressivelyincreaseitsannualdividendpershare(excludingspecialdividendifany).Freecashflowisdefinedasnet |\n| cashprovidedbyoperatingactivitieslesscapitalexpenditureaspertheconsolidatedstatementofcashflowspreparedunderIFRS.Dividendandbuybackinclude applicable taxes. |\n| Update on buyback announced in September 2025 TheBoard,atitsmeetingonSeptember11,2025,approvedaproposalfortheCompanytobuybackitsfullypaid-upequitysharesoffacevalueof₹5/-eachfromthe eligibleequityshareholdersoftheCompanyforanamountof₹18,000crore,subjecttoshareholders'approvalbywayofPostalBallot.TheBuybackofferifapproved byshareholderswouldcompriseapurchaseof10,00,00,000EquitySharescomprisingapproximately2.41%ofthetotalpaid-upequitysharecapitaloftheCompany asofJune30,2025(onstandalonebasis)atapriceof₹1,800perEquityshare.Thebuybackisproposedtobemadefromalleligibleequityshareholders(including |\n| thosewhobecomeequityshareholdersasontheRecorddatebycancellingAmericanDepositorySharesandwithdrawingunderlyingEquityshares)oftheCompany asontheRecordDate(tobedeterminedbytheBoard/BuybackCommittee)onaproportionatebasisthroughthe\"Tenderoffer\"route.TheCompanyhassentouta noticetoitsshareholdersasofSeptember26,2025seekingtheapprovaloftheshareholdersthroughpostalballot.Thevotingforthispostalballotisexpectedtoend on November 4, 2025. TheCompany’sobjectivewhenmanagingcapitalistosafeguarditsabilitytocontinueasagoingconcernandtomaintainanoptimalcapitalstructuresoasto maximizeshareholdervalue.Inordertomaintainorachieveanoptimalcapitalstructure,theCompanymayadjusttheamountofdividendpayment,returncapitalto |\n| shareholders,issuenewsharesorbuybackissuedshares.AsofSeptember30,2025,theCompanyhasonlyoneclassofequitysharesandhasnodebt.Consequentto the above capital structure there are no externally imposed capital requirements. |\n| Dividend Thefinaldividendonsharesisrecordedasaliabilityonthedateofapprovalbytheshareholdersandinterimdividendsarerecordedasaliabilityonthedateof |\n| declarationbytheCompany'sBoardofDirectors.Incometaxconsequencesofdividendsonfinancialinstrumentsclassifiedasequitywillberecognizedaccordingto where the entity originally recognized those past transactions or events that generated distributable profits. TheCompanydeclaresandpaysdividendsinIndianrupees.Companiesarerequiredtopay/distributedividendafterdeductingapplicabletaxes.Theremittanceof |\n| dividends outside India is governed by Indian law on foreign exchange and is also subject to withholding tax at applicable rates. The amount of per share dividend recognized as distribution to equity shareholders is as follows: (In ₹) |\n| Three months ended September 30, Six months ended September 30, Particulars 2025 2024 2025 2024 Final dividend for fiscal 2025 - - 22.00 - |\n| Special dividend for fiscal 2024 - - - 8.00 |\n| Final dividend for fiscal 2024 - - - 20.00 |\n| TheBoardofDirectorsintheirmeetingheldonApril17,2025recommendedafinaldividendof₹22/-perequityshareforthefinancialyearendedMarch31,2025. |\n| ThesamewasapprovedbytheshareholdersattheAnnualGeneralMeeting(AGM)oftheCompanyheldonJune25,2025whichresultedinanetcashoutflowof ₹9,119 crore, excluding dividend paid on treasury shares. The final dividend was paid on June 30, 2025. TheBoardofDirectorsintheirmeetingheldonOctober16,2025declaredaninterimdividendof₹23/-perequitysharewhichwouldresultinanetcashoutflowof |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 118, "section": "for the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "0dd79e33932e8a3d", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 | Page: 119\n\n| X20AOX20AO2.19 Break-up of expenses and other income, net |\n|---|\n| Accounting policy |\n| Gratuity and Pensions |\n| The Group provides for gratuity, a defined benefit retirement plan ('the Gratuity Plan') covering eligible employees majorly of Infosys and its Indian |\n| subsidiaries.TheGratuityPlanprovidesalump-sumpaymenttovestedemployeesatretirement,death,incapacitationorterminationofemployment,ofan |\n| amountbasedontherespectiveemployee'ssalaryandthetenureofemploymentwiththeGroup.TheCompanycontributesGratuityliabilitiestotheInfosys |\n| LimitedEmployees'GratuityFundTrust(theTrust).IncaseofInfosysBPMandEdgeVerve,contributionsaremadetotheInfosysBPMEmployees'Gratuity |\n| Fund Trust and EdgeVerve Systems Limited Employees' Gratuity Fund Trust, respectively. Trustees administer contributions made to the Trusts and |\n| contributions are invested in a scheme with the Life Insurance Corporation of India as permitted by Indian law. |\n| TheGroupoperatesdefinedbenefitpensionplanincertainoverseasjurisdictions,inaccordancewiththelocallaws.Theseplansaremanagedbythirdparty |\n| fundmanagers.Theplansprovideforperiodicpayoutsafterretirementand/oralumpsumpaymentassetoutinrulesofeachfundandincludesdeathand |\n| disability benefits. The defined benefit plans require contributions which are based on a percentage of salary that varies depending on the age of the |\n| respective employees. |\n| Liabilitieswithregardtothesedefinedbenefitplansaredeterminedbyactuarialvaluation,performedbyanexternalactuary,ateachBalanceSheetdateusing |\n| the projected unit credit method. These defined benefit plans expose the Group to actuarial risks, such as longevity risk, interest rate risk and market risk. |\n| TheGrouprecognizesthenetobligationofadefinedbenefitplaninitsBalanceSheetasanassetorliability.Gainsandlossesthroughre-measurementsofthe |\n| netdefinedbenefitliability/(asset)arerecognizedinothercomprehensiveincomeandarenotreclassifiedtoprofitorlossinsubsequentperiods.Theactual |\n| return of the portfolio of plan assets, in excess of the yields computed by applying the discount rate used to measure the defined benefit obligation is |\n| recognizedinothercomprehensiveincome.TheeffectofanyplanamendmentsisrecognizedinnetprofitintheConsolidatedStatementofComprehensive |\n| Income. |\n| Provident fund |\n| EligibleemployeesofInfosysreceivebenefitsfromaprovidentfund,whichisadefinedbenefitplan.BoththeeligibleemployeeandtheCompanymake |\n| monthlycontributionstotheprovidentfundplanequaltoaspecifiedpercentageofthecoveredemployee'ssalary.TheCompanycontributesaportiontothe |\n| InfosysLimitedEmployees'ProvidentFundTrust.ThetrustinvestsinspecificdesignatedinstrumentsaspermittedbyIndianlaw.Theremainingportionis |\n| contributed to the government administered pension fund. The rate at which the annual interest is payable to the beneficiaries by the trust is being |\n| administeredbytheGovernmentofIndia.TheCompanyhasanobligationtomakegoodtheshortfall,ifany,betweenthereturnfromtheinvestmentsofthe |\n| trust and the notified interest rate. |\n| InrespectofIndiansubsidiaries,eligibleemployeesreceivebenefitsfromaprovidentfund,whichisadefinedcontributionplan.Boththeeligibleemployee |\n| and the respective companies make monthly contributions to this provident fund plan equal to a specified percentage of the covered employee's salary. |\n| Amountscollectedundertheprovidentfundplanaredepositedinagovernmentadministeredprovidentfund.TheCompanieshavenofurtherobligationto |\n| the plan beyond its monthly contributions. |\n| Superannuation |\n| CertainemployeesofInfosys,InfosysBPMandEdgeVerveareparticipantsinadefinedcontributionplan.TheGrouphasnofurtherobligationstotheplan |\n| beyonditsmonthlycontributionswhichareperiodicallycontributedtoatrustfund,thecorpusofwhichisinvestedwiththeLifeInsuranceCorporationof |\n| India. |\n| Compensated absences |\n| The Group has a policy on compensated absences which are both accumulating and non-accumulating in nature. The expected cost of accumulating |\n| compensatedabsencesisdeterminedbyactuarialvaluationperformedbyanexternalactuaryateachBalanceSheetdateusingprojectedunitcreditmethodon |\n| theadditionalamountexpectedtobepaid/availed asaresultoftheunusedentitlementthathasaccumulated attheBalanceSheet date.Expenseonnon- |\n| accumulating compensated absences is recognized in the period in which the absences occur. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 119, "section": "for the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "f305b7b98bf26aa0", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 | Page: 120\n\n| Other income, net |\n|---|\n| Otherincomeiscomprisedprimarilyofinterestincome,dividendincome,gain/lossoninvestmentandexchangegain/lossonforwardand |\n| options contracts and on translation of foreign currency assets and liabilities. Interest income is recognized using the effective interest |\n| method. Dividend income is recognized when the right to receive payment is established. |\n| Foreign currency |\n| Accounting policy |\n| Functional currency |\n| ThefunctionalcurrencyofInfosys, its Indian subsidiaries and controlled trusts istheIndian rupee.Thefunctionalcurrencies forforeign |\n| subsidiariesaretheirrespectivelocalcurrencies.ThesefinancialstatementsarepresentedinIndianrupees(roundedofftocrore;onecrore |\n| equals ten million). |\n| Transactions and translations |\n| Foreign-currencydenominatedmonetaryassetsandliabilitiesaretranslatedintotherelevantfunctionalcurrencyatexchangeratesineffect |\n| at the Balance Sheet date. The gains or losses resulting from such translations are recognized in the interim condensed Consolidated |\n| StatementofComprehensiveIncomeandreportedwithinexchangegains/(losses)ontranslationofassetsandliabilities,net,exceptwhen |\n| deferredinOtherComprehensiveIncomeasqualifyingcashflowhedges.Non-monetaryassetsandnon-monetaryliabilitiesdenominatedin |\n| aforeigncurrencyandmeasuredatfairvaluearetranslatedattheexchangerateprevalentatthedatewhenthefairvaluewasdetermined. |\n| Non-monetaryassetsand non-monetaryliabilities denominatedin aforeign currencyand measuredat historicalcost aretranslated atthe |\n| exchange rate prevalent at the date of transaction. The related revenue and expense are recognized using the same exchange rate. |\n| Transactiongainsorlossesrealizeduponsettlementofforeigncurrencytransactionsareincludedindeterminingnetprofitfortheperiodin |\n| whichthetransactionissettled.Revenue,expenseandcash-flowitemsdenominated inforeign currenciesaretranslatedintotherelevant |\n| functional currencies using the exchange rate in effect on the date of the transaction. |\n| Thetranslationoffinancialstatementsoftheforeignsubsidiariestothepresentationcurrencyisperformedforassetsandliabilitiesusingthe |\n| exchange rate in effect at the Balance Sheet date and for revenue, expense and cash-flowitemsusing theaverage exchangerate forthe |\n| respectiveperiods.Thegainsorlossesresultingfromsuchtranslationareincludedincurrencytranslationreservesunderothercomponents |\n| of equity. When a subsidiary is disposed off, in full, the relevant amount is transferred to net profit in the statement of comprehensive |\n| income. However when a change in the parent's ownership does not result in loss of control of a subsidiary, such changes arerecorded |\n| through equity. |\n| OtherComprehensiveIncome,netoftaxesincludestranslationdifferencesonnon-monetaryfinancialassetsmeasuredatfairvalueatthe |\n| reporting date, such as equities classified as financial instruments and measured at fair value through other comprehensive income (FVOCI). |\n| Goodwillandfairvalueadjustmentsarisingontheacquisitionofaforeignentityaretreatedasassetsandliabilitiesoftheforeignentityand |\n| translated at the exchange rate in effect at the Balance Sheet date. |\n| Government grants |\n| TheGrouprecognizesgovernmentgrantsonlywhenthereisreasonableassurancethattheconditionsattachedtothemwillbecompliedwith, |\n| andthegrantswillbereceived.Governmentgrantsrelatedtoassetsaretreatedasdeferredincomeandarerecognizedinthenetprofitinthe |\n| statementofcomprehensiveincomeonasystematicandrationalbasisovertheusefullifeoftheasset.Governmentgrantsrelatedtorevenue |\n| arerecognizedonasystematicbasisinthestatementofcomprehensiveincomeovertheperiodsnecessarytomatchthemwiththerelated |\n| costs which they are intended to compensate. |\n| Operating Profits |\n| OperatingprofitoftheGroupiscomputedconsideringtherevenues,netofcostofsales,sellingandmarketingexpensesandadministrative |\n| expenses. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 120, "section": "for the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "985958253496601d", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 | Page: 121\n\n| The table below Cost of sales Particulars Employee benefit Depreciation and Travelling costs Cost of technical s | provides costs amortizat ub-contr | details of b ion actors | reak-up of expenses: |  |  | Three month | s ended Septembe 2025 20,960 1,182 345 3,879 | r 30, 2024 19,395 1,160 307 3,190 | Six mont | hs ended Sept 2025 41,405 2,323 668 7,376 | (In ₹ emb | crore) er 30, 2024 38,218 2,310 630 6,359 |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| Cost of software p Third party items Consultancy and p Communication c Repairs and maint Provision for post Others Total Selling and mark Particulars Employee benefit | ackages bought fo rofession osts enance -sales clie eting ex costs | for own use r service del al charges nt support penses | ivery to clients |  |  | Three month | 640 3,332 (5) 86 152 81 148 30,800 s ended Septembe 2025 1,671 | 581 3,337 65 84 116 134 105 28,474 r 30, 2024 1,455 | Six mont | 1,278 6,403 - 154 299 (97) 216 60,025 hs ended Sept 2025 3,277 | (In ₹ emb | 1,140 6,203 174 155 239 26 197 55,651 crore) er 30, 2024 2,871 |\n| Travelling costs Branding and mar Communication c Consultancy and p Others Total Administrative e Particulars Employee benefit Consultancy and p Repairs and maint Power and fuel | keting osts rofession xpenses costs rofession enance | al charges al charges |  |  |  | Three month | 131 288 4 90 40 2,224 s ended Septembe 2025 807 395 284 60 | 96 253 3 41 7 1,855 r 30, 2024 714 345 261 58 | Six mont | 261 675 6 142 70 4,431 hs ended Sept 2025 1,602 801 547 114 | (In ₹ emb | 199 603 6 74 39 3,792 crore) er 30, 2024 1,409 647 519 122 |\n| Communication c Travelling costs Impairment loss re Rates and taxes Insurance charges Commission to no Contribution towa Others Total Other income for Particulars Interest income on Interest income on | osts cognized n-whole rds Corp the thre financia financia | /(reversed) time director orate Social e months a l assets carri l assets carri | under expected credit s Responsibility nd six months ended ed at amortized cost ed at fair value throug | loss model September 3 h other compr | 0, 2025 and September 30, 2024 is as ehensive income | follows: Three month | 70 63 (1) 83 85 5 148 114 2,113 s ended Septembe 2025 491 242 | 82 55 99 90 76 4 158 66 2,008 r 30, 2024 373 218 | Six mont | 143 126 34 170 162 9 265 183 4,156 hs ended Sept 2025 980 574 | (In ₹ emb | 155 107 95 207 149 8 329 173 3,920 crore) er 30, 2024 710 547 |\n| Gain/(loss) on inv Gain/(loss) on inv Gain/(loss) on inv Exchange gains / ( Exchange gains / ( Others Total | estments estments estments losses) o losses) o | carried at fa carried at fa carried at am n forward an n translation | ir value through profit ir value through other ortized cost d options contracts of other assets and lia | or loss comprehensiv bilities | e income |  | 54 2 57 (678) 797 17 982 | 72 2 - (399) 386 60 712 |  | 131 1 81 (1,350) 1,540 67 2,024 |  | 181 2 - (365) 388 88 1,551 |\n| for and on behalf Nandan M. Nileka Chairman | of the Bo ni | ard of Direc | tors of Infosys Limite | d | Salil Parekh Chief Executive Officer |  |  |  | Bobby Pari Director | kh |  |  |\n| Jayesh Sanghrajka |  |  |  |  | and Managing Director A.G.S. Manikantha |  |  |  |  |  |  |  |\n| Chief Financial O Bengaluru | fficer |  |  |  | Company Secretary |  |  |  |  |  |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 121, "section": "for the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ec189f29259b99ee", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 > Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 125\n\n|  |  | for the three months and six months ended September 30, 2025 |\n|---|---|---|\n| ex |  | Page |\n| dens | ed Balanc | e Sheet……………………………………………………………………………………………………………1 |\n| dens | ed Statem | ent of Profit and Loss………………………………………………………………………………………….. 2 |\n| dens | ed Statem | ent of Changes in Equity………………………………………………………………………………………..3 |\n| dens | ed Statem | ent of Cash Flows…………………………………………………………………………………………………5 |\n| rvie | w and No | tes to the Interim Condensed Standalone Financial Statements |\n| verv | iew |  |\n| 1.1 C | ompany | overview …………………………………………………………………………………………………………7 |\n| 1.2 B | asis of p | reparation of financial statements …………………………………………………………………………………7 |\n| 1.3 U | se of esti | mates and judgments………………………………………………………………………………………………7 |\n| 1.4 C | ritical ac | counting estimates and judgements………………………………………………………………………………7 |\n| otes | to the In | terim Condensed Financial Statements |\n| 2.1 P | roperty, | plant and equipment………………………………………………………………………………………………9 |\n| 2.2 G | oodwill | and intangible assets………………………………………………………………………………………… 11 |\n| 2.3 L | eases… | ……………………………………………………………………………………………………………………1.2 |\n| 2.4 I | nvestmen | ts………………………………………………………………………………………………………………..14 |\n| 2.5 L | oans…… | …………………………………………………………………………………………………………………1..6. |\n| 2.6 O | ther fina | ncial assets………………………………………………………………………………………………………1…6 |\n| 2.7 T | rade Rec | eivables …………………………………………………………………………………………………………1.6 |\n| 2.8 C | ash and | cash equivalents…………………………………………………………………………………………………1…7 |\n| 2.9 O | ther asse | ts……………………………………………………………………………………………………………… 17 |\n| 2.10 | Financial | instruments………………………………………………………………………………………………………18 |\n| 2.11 | Equity… | ………………………………………………………………………………………………………………….2.1 |\n| 2.12 | Other fin | ancial liabilities…………………………………………………………………………………………………2…4 |\n| 2.13 | Trade pa | yables…………………………………………………………………………………………………………. 24 |\n| 2.14 | Other lia | bilities…………………………………………………………………………………………………………. 24 |\n| 2.15 | Provision | s………………………………………………………………………………………………………………. 25 |\n| 2.16 | Income t | axes……………………………………………………………………………………………………………. 25 |\n| 2.17 | Revenue | from operations…………………………………………………………………………………………………2…6 |\n| 2.18 | Other inc | ome, net…………………………………………………………………………………………………………2.8 |\n| 2.19 | Expenses | ……………………………………………………………………………………………………………….. 29 |\n| 2.20 | Earnings | per equity share…………………………………………………………………………………………………3…0 |\n| 2.21 | Continge | nt liabilities and commitments……………………………………………………………………………………30 |\n| 2.22 | Related p | arty transactions…………………………………………………………………………………………………3…0 |\n| 2.23 | Segment | Reporting…………………………………………………………………………………………………………31. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 125, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "fa347280d6770111", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 > Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 126\n\n| INFOSYS LIMI Condensed Balan ASSETS Non-current asse Property, plant an Right-of-use asse Capital work-in-p Goodwill | TED ce Sheet as ts d equipment ts rogress | at |  | Note No. 2.1 2.3 2.2 | Septe | mber 3 | 0, 2025 9,828 3,137 1,089 211 | (In March 3 | ₹ crore) 1, 2025 10,070 3,078 778 211 |\n|---|---|---|---|---|---|---|---|---|---|\n| Other intangible a Financial assets Investments Loans Other finan Deferred tax asse Income tax assets Other non-curren Total non-curren Current assets Financial assets Investme Trade re Cash and Loans | ssets cial assets ts (net) (net) t assets t assets nts ceivables cash equiva | lents |  | 2.4 2.5 2.6 2.16 2.16 2.9 2.4 2.7 2.8 2.5 |  |  | - 28,029 9 2,525 816 1,485 2,118 49,247 10,944 29,215 20,409 |  | - 27,371 26 2,350 497 1,164 2,223 47,768 11,147 26,413 14,265 |\n| Other fin Income tax assets Other current ass Total current ass Total assets EQUITY AND L Equity | ancial assets (net) ets ets IABILITIE | S |  | 2.6 2.16 2.9 2.11 |  |  | 192 13,647 - 9,863 84,270 133,517 |  | 207 12,569 2,949 9,618 77,168 124,936 |\n| Equity share capi Other equity Total equity LIABILITIES Non-current liab Financial liabilitie Lease liabili | tal ilities s ties |  |  | 2.3 |  |  | 2,077 90,481 92,558 2,950 |  | 2,076 85,256 87,332 2,694 |\n| Other finan Deferred tax liabi Other non-curren Total non - curre Current liabilitie Financial liabilitie Lease lia Trade pa To To Other fin | cial liabilities lities (net) t liabilities nt liabilities s s bilities yables tal outstandi tal outstandi ancial liabilit | ng dues of micro enterprises and small enterprise ng dues of creditors other than micro enterprises ies | s and small enterprises | 2.12 2.14 2.3 2.13 2.12 |  |  | 2,008 914 153 6,025 849 4 2,808 |  | 1,991 1,062 95 5,842 765 8 2,720 |\n| Other current liab Provisions Income tax liabilit Total current lia Total equity and The accompanyin As per our report for Deloitte Hask | ilities ies (net) bilities liabilities g notes form of even date ins & Sells L | an integral part of the interim condensed standa attached LP | lone financial statements. for and on behalf of the Board of | 2.14 2.15 Directors of Info | sys Limited |  | 15,346 9,819 1,121 4,987 34,934 133,517 |  | 14,101 9,159 993 4,016 31,762 124,936 |\n| Chartered Accoun Firm's Registratio 117366W/W-1000 Vikas Bagaria Partner | tants n No: 18 |  | Nandan M. Nilekani Chairman |  | Salil Parekh Chief Executive | Offic | er | Bobby Parikh Director |  |\n| Membership No. Bengaluru | 060408 |  | DIN: 00041245 Jayesh Sanghrajka Chief Financial Officer |  | and Managing DIN: 01876159 A.G.S. Manika Company Secre | Direct ntha tary | or | DIN: 00019437 |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 126, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "4ea15ea1b8a9c7c9", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 > Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 127\n\n| INFOSYS LIMITE Condensed Stateme | D nt of Profit an | d Loss for the |  | No | te No. Three | months ended Septemb 2025 | (In ₹ crore excep er 30, Si 2024 | t equity share and x months ended S 2025 | per equi eptemb | ty share data) er 30, 2024 |\n|---|---|---|---|---|---|---|---|---|---|---|\n| Revenue from opera Other income, net Total income Expenses Employee benefit ex Cost of technical sub Travel expenses Cost of software pac Communication exp Consultancy and pro Depreciation and am | tions penses -contractors kages and other enses fessional charg ortization expen | s es ses |  |  | 2.17 2.18 2.19 2.19 | 36,907 2,268 39,175 18,074 5,613 422 2,294 113 449 595 | 34,257 1,737 35,994 16,864 4,751 354 2,380 125 299 670 | 72,182 3,151 75,333 35,746 10,821 814 4,511 212 841 1,209 |  | 67,540 2,458 69,998 33,359 9,583 725 4,497 229 565 1,368 |\n| Finance cost Other expenses Total expenses Profit before tax Tax expense: Current tax Deferred tax Profit for the perio Other comprehensi Items that will not b | d ve income e reclassified su | bsequently to pro | fit or loss |  | 2.19 2.16 2.16 | 52 1,094 28,706 10,469 2,991 (281) 7,759 | 61 1,083 26,587 9,407 2,956 (362) 6,813 | 108 1,941 56,203 19,130 5,752 (496) 13,874 |  | 120 2,017 52,463 17,535 5,643 (689) 12,581 |\n| Remeasurement o Equity instrument Items that will be re Fair value change | f the net defined s through other classified subse s on derivatives | benefit liability/as comprehensive inc quently to profit o designated as cash | set, net ome, net r loss flow hedge, | net |  | (38) (8) | 81 (9) | (99) 27 |  | 100 5 |\n| Fair value change Total other compre | s on investment hensive income | s, net / (loss), net of tax |  |  |  | - (34) | (21) 83 | 6 88 |  | (24) 119 |\n| Total comprehensiv | e income for th | e period |  |  |  | (80) | 134 | 22 |  | 200 |\n| Earnings per equity Equity shares of par Basic (in ₹ per sh Diluted (in ₹ per | share value ₹5/- each are) share) |  |  |  |  | 7,679 18.68 18.66 | 6,947 16.41 16.38 | 13,896 33.40 33.36 |  | 12,781 30.30 30.25 |\n| Weighted average e per equity share Basic (in shares) Diluted (in shares The accompanying n As per our report of for Deloitte Haskins | quity shares us ) otes form an in even date attac & Sells LLP | ed in computing tegral part of the hed | earnings interim cond | ensed standalone financial statements. | 2.20 4, 2.20 4, | 154,305,830 158,998,839 | 4,152,049,056 4,159,157,472 | 4,153,876,776 4,159,090,316 |  | 4,151,564,079 4,158,951,829 |\n| Chartered Accounta Firm's Registration 117366W/W-10001 Vikas Bagaria Partner | nts No: 8 |  |  | for and o Nandan M. Nilekani Chairman | n behalf of the Board of Direc | tors of Infosys Limited Salil Parekh Chief Executive Offic | er |  | Bobby Directo | Parikh r |\n| Membership No. 06 | 0408 |  |  | DIN: 00041245 Jayesh Sanghrajka |  | and Managing Direct DIN: 01876159 A.G.S. Manikantha Company Secretary | or |  | DIN: 0 | 0019437 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 127, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d923a2f006b95c03", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 > Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 128\n\n| INFOSYS LIMITED Condensed Statemen Particulars | t of Changes in | Equity |  |  | Equ | Ca ity | pital reserve |  | Capital redempti | Res Securitie on Premiu | erves & s m | Su Ret ear | rplus ained Genera nings reserve | Other Equ l Share Outst | ity Options anding | Spe Econ | cial Equity omic thro | Other comprehensiv Instruments Effective port ugh other of Cash flo | e incom ion w | e Other items other | (In of Total equity attri | ₹ crore) butable |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| Balance as at April 1 Changes in equity for Profit for the period Remeasurement of the Equity instruments thr Fair value changes on Fair value changes on Total comprehensive Transferred from Spec | , 2024 the six months net defined ben ough other com derivatives desi investments, net income for the ial Economic Z | ended September efit liability/asset, prehensive income, gnated as cash flow * period one Re-investment | 30, 202 net* net* hedge, reserve | 4 net* on utilization | Sha Cap | re Capita ital reserv 2,075 - - - - - - - | l Othe e reserve 54 - - - - - - - | r s (2) 2,862 - - - - - - - | reserve | 169 - - - - - - - | 580 - - - - - - - |  | 62,551 12,581 - - - - 12,581 205 | Acc 162 - - - - - - - | ount i 913 - - - - - - - | Zone nvest reser | Re- comp ment i ve (1) 11,787 - - - - - - (205) | rehensive hedges ncome 279 - - 5 - - 5 - | 6 - - - (24) - (24) - | comprehensi income / (lo | to equity holder ve Company ss) (262) - 100 - - 119 219 - | s of the 81,176 12,581 100 5 (24) 119 12,781 - |\n| Transferred from Spec Transferred on accoun Transferred on accoun Shares issued on exerc Employee stock comp Income tax benefit aris Dividends Balance as at Septem | ial Economic Z t of exercise of s t of options not ise of employee ensation expens ing on exercise ber 30, 2024 | one Re-investment tock options (Refe exercised stock options (Ref e (Refer to note 2.1 of stock options | reserve r to note er to no 1) | to retained earnings 2.11) te 2.11) |  | - - - 1 - - - 2,076 | - - - - - - - 54 | - - - - - - - 2,862 |  | - - - - - - - 169 | - 233 - 2 - - - 815 |  | 2,998 - - - - - (11,625) 66,710 | - - 19 - - - - 181 | - (233) (19) - 408 6 - 1,075 |  | (2,998) - - - - - - 8,584 | - - - - - - - 284 | - - - - - - - (18) |  | - - - - - - - (43) | - - - 3 408 6 (11,625) 82,749 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 128, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "10cb18f47dadfa41", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 > Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 129\n\n| redemption Premium earnings reserve Outstanding Economic through other of Cash flow other Share Capital Other to equity holders of the Capital reserve reserves (2) reserve Account Zone Re- comprehensive hedges comprehensive Company investment income income / (loss) reserve (1) Balance as at April 1, 2025 2,076 54 2,862 169 1,054 71,520 359 1,069 8,041 298 (18) (152) 87,332 Changes in equity for the six months ended September 30, 2025 Profit for the period - - - - - 13,874 - - - - - - 13,874 Remeasurement of the net defined benefit liability/asset, net* - - - - - - - - - - - (99) (99 Equity instruments through other comprehensive income, net* - - - - - - - - - 27 - - 27 |\n|---|\n| Fair value changes on derivatives designated as cash flow hedge, net* - - - - - - - - - - 6 - 6 Fair value changes on investments, net* - - - - - - - - - - - 88 88 Total comprehensive income for the period - - - - - 13,874 - - - 27 6 (11) 13,896 Transferred from Special Economic Zone Re-investment reserve on utilization - - - - - 408 - - (408) - - - |\n| Transferred from Special Economic Zone Re-investment reserve to retained earnings - - - - - 1,957 - - (1,957) - - - Transferred on account of exercise of stock options (Refer to note 2.11) - - - - 221 - - (221) - - - - Transferred on account of options not exercised - - - - - - 62 (62) - - - - Shares issued on exercise of employee stock options (Refer to note 2.11) 1 - - - - - - - - - - - 1 Employee stock compensation expense (Refer to note 2.11) - - - - - - - 463 - - - - 463 Income tax benefit arising on exercise of stock options - - - - - - - 5 - - - - 5 Dividends - - - - - (9,139) - - - - - - (9,139 |\n| Balance as at September 30, 2025 2,077 54 2,862 169 1,275 78,620 421 1,254 5,676 325 (12) (163) 92,558 *net of tax (1)TheSpecialEconomicZoneRe-investmentReservehasbeencreatedoutoftheprofitofeligibleSEZunitsintermsoftheprovisionsofSec10AA(1)(ii)ofIncomeTaxAct,1961.ThereserveshouldbeutilizedbytheCompanyforacquiringnewplantandmachineryforthepurposeofitsbusinessinthetermsofthe Sec 10AA(2) of the Income Tax Act, 1961. (2)Profit / loss on transfer of business between entities under common control taken to reserve. The accompanying notes form an integral part of the interim condensed standalone financial statements. As per our report of even date attached for Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited |\n| Chartered Accountants Firm's Registration No: 117366W/W-100018 Vikas Bagaria Nandan M. Nilekani Salil Parekh Bobby Parikh Partner Chairman Chief Executive Officer Director |\n| Membership No. 060408 DIN: 00041245 and Managing Director DIN: 00019437 DIN: 01876159 Jayesh Sanghrajka A.G.S. Manikantha Bengaluru Chief Financial Officer Company Secretary |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 129, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d13f343be458e8b7", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 > Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 131\n\n| Cash and cash equivalent Cash and cash equivale Supplementary informa Restricted cash balance The accompanying notes As per our report of even for Deloitte Haskins & S Chartered Accountants Firm's Registration No: 117366W/W-100018 Vikas Bagaria Partner | s at the b nts at th tion: form an date att ells LLP | eginnin e end of integral ached | g of the peri the period part of the i | od nterim condensed standalone financi for and on behalf of the Bo Nandan M. Nilekani Chairman | al statements. ard of Directors of Infosy Salil PSaarleilk Pharekh ChiefC Ehxieecf uEtixveec uOtfifviec eOrf | 2.8 2.8 2.8 s Limited ficer | 14,265 20,409 56 Bobby Parikh Director | 8,191 13,917 61 |\n|---|---|---|---|---|---|---|---|---|\n| Membership No. 060408 |  |  |  | DIN: 00041245 Jayesh Sanghrajka Chief Financial Officer | and Maannda Mgiannga Dgiinregc Dtoirr DIN: 01876159 A.G.S. Manikantha Company Secretary | ector | DIN: 00019437 |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 131, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "0bf97f064c265b85", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 > Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 132\n\n| INFOSYS LIMITED |\n|---|\n| Overview and Notes to the Interim Condensed Standalone Financial Statements |\n| 1. Overview 1.1 Company overview InfosysLimited('theCompany'orInfosys)providesconsulting,technology,outsourcingandnext-generationdigitalservices,toenableclientstoexecutestrategiesfor theirdigitaltransformation.Infosysstrategic objectiveis tobuild asustainable organizationthat remainsrelevant tothe agendaofclients,while creatinggrowth opportunitiesforemployeesandgeneratingprofitablereturnsforinvestors.Infosysstrategyistobeanavigatorforourclientsastheyideate,planandexecuteontheir |\n| journey to a digital future. TheCompanyisapubliclimitedcompanyincorporated anddomiciledinIndiaandhas itsregistered officeat ElectronicsCity, HosurRoad, Bengaluru560100, Karnataka,India.ThecompanyhasitsprimarylistingsontheBSELtd.andNationalStockExchangeofIndiaLimited.TheCompany’sAmericanDepositaryShares (ADS) representing equity shares are listed on the New York Stock Exchange (NYSE). |\n| The interim condensed standalone financial statements are approved for issue by the Company's Board of Directors on October 16, 2025. 1.2 Basis of preparation of financial statements TheseinterimcondensedstandalonefinancialstatementsarepreparedincompliancewithIndianAccountingStandard(IndAS)34InterimFinancialReporting,under the historical cost convention on accrual basis except for certain financial instruments which are measured at fair values and defined benefit liability/(asset) which is recognisedatthepresentvalueofdefinedbenefitobligationlessfairvalueofplanassets,theprovisionsoftheCompaniesAct,2013(''theAct'')andguidelinesissued bythe Securities and Exchange Board of India (SEBI). Accordingly, these interim condensed standalone financial statements donot include all the information required for a complete set of financial statements. These interim condensed standalone financial statements should be read in conjunction with the standalone financialstatementsandrelatednotesincludedintheCompany’sAnnualReportfortheyearendedMarch31,2025.TheIndASareprescribedunderSection133of |\n| the Act read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules issued thereafter. Accountingpolicies have been consistentlyapplied except where a newlyissued accountingstandard is initiallyadopted or a revision toan existingaccounting standardrequiresachangeintheaccountingpolicyhithertoinuse.Thematerialaccountingpolicyinformationusedinpreparationoftheauditedinterimcondensed standalone financial statements have been discussed in the respective notes. Asthequarterandyear-to-datefiguresaretakenfromthesourceandroundedtothenearestdigits,thequarterfiguresinthisstatementaddeduptothefiguresreported for the previous quarters might not always add up to the year-to-date figures reported in this statement. |\n| 1.3 Use of estimates and judgments Thepreparationoftheinterimcondensedstandalonefinancialstatementsin conformitywith IndASrequiresthe managementtomakeestimates, judgmentsand assumptions. These estimates, judgments and assumptions affect the application of accounting policies and the reported amounts of assets and liabilities, the disclosuresofcontingentassetsandliabilitiesatthedateoftheinterimcondensedstandalonefinancialstatementsandreportedamountsofrevenuesandexpenses during the period. The application of accounting policies that require critical accounting estimates involving complex and subjective judgments and the use of |\n| assumptionsinthesefinancialstatementshavebeendisclosedinNoteno.1.4.Accountingestimatescouldchangefromperiodtoperiod.Actualresultscoulddiffer fromthoseestimates.Appropriatechangesinestimatesaremadeasmanagementbecomesawareofchangesincircumstancessurroundingtheestimates.Changesin estimatesandjudgementsarereflectedintheinterimcondensedstandalonefinancialstatementsintheperiodinwhichchangesaremadeand,ifmaterial,theireffects are disclosed in the notes to the interim condensed standalone financial statements. |\n| 1.4 Critical accounting estimates and judgments |\n| a. Revenue recognition TheCompany’scontractswithcustomersincludepromisestotransfermultipleproductsandservicestoacustomer.Revenuesfromcustomercontractsareconsidered forrecognitionandmeasurementwhenthecontracthasbeenapproved,inwriting,bythepartiestothecontract,thepartiestocontractarecommittedtoperformtheir respectiveobligationsunderthecontract,andthecontractislegallyenforceable.TheCompanyassessestheservicespromisedinacontractandidentifiesdistinct |\n| performance obligations inthe contract.Identification ofdistinct performanceobligations todetermine thedeliverables andthe abilityofthecustomer tobenefit independently from such deliverables, and allocation of transaction price to these distinct performance obligations involves significant judgement. Fixedpricemaintenancerevenueisrecognizedratablyonastraight-linebasiswhenservicesareperformedthroughanindefinitenumberofrepetitiveactsovera specifiedperiod.Revenuefromfixedpricemaintenancecontractisrecognizedratablyusingapercentageofcompletionmethodwhenthepatternofbenefitsfromthe servicesrenderedtothecustomerandCompany’scoststofulfilthecontractisnoteventhroughtheperiodofthecontractbecausetheservicesaregenerallydiscretein |\n| natureandnotrepetitive.Theuseofmethodtorecognizethemaintenancerevenuesrequiresjudgmentandisbasedonthepromisesinthecontractandnatureofthe deliverables. The Companyuses the percentage-of-completion method in accounting for other fixed-price contracts. Use of the percentage-of-completion method requires the Companytodeterminetheactualeffortsorcostsexpendedtodateasaproportionoftheestimatedtotaleffortsorcoststobeincurred.Effortsorcostsexpendedhave |\n| beenusedtomeasureprogresstowardscompletionasthereisadirectrelationshipbetweeninputandproductivity.Theestimationoftotaleffortsorcostsinvolves significant judgement and is assessed throughout the period of the contract to reflect any changes based on the latest available information. Contractswithcustomersincludessubcontractorservicesorthird-partyvendorequipmentorsoftwareincertainintegratedservicesarrangements.Inthesetypesof arrangements,revenuefromsalesofthird-partyvendorproductsorservicesisrecordednetofcostswhentheCompanyisactingasanagentbetweenthecustomerand thevendor,andgrosswhentheCompanyistheprincipalforthetransaction.Indoingso,theCompanyfirstevaluateswhetheritobtainscontrolofthespecifiedgoods |\n| orservicesbeforetheyaretransferredtothecustomer.TheCompanyconsiderswhetheritisprimarilyresponsibleforfulfillingthepromisetoprovidethespecified goodsorservices,inventoryrisk,pricingdiscretionandotherfactorstodeterminewhetheritcontrolsthespecifiedgoodsorservicesandtherefore,isactingasa principal or an agent. Provisionsforestimatedlosses,ifany,onincompletecontractsarerecordedintheperiodinwhichsuchlossesbecomeprobablebasedontheestimatedeffortsorcosts |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 132, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "3945f7a1a6f7f387", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 > Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 133\n\n| b. Income taxes |\n|---|\n| The Company's two major tax jurisdictions are India and the United States, though the Company also files tax returns in other overseas jurisdictions. |\n| Significant judgments are involved in determining the provision for income taxes, including amount expected to be paid/recovered for uncertain tax positions. Inassessingtherealizabilityofdeferredincometaxassets,Managementconsiderswhethersomeportionorallofthedeferredincometaxassetswillnotberealized. Theultimaterealizationofdeferredincometaxassetsisdependentuponthegenerationoffuturetaxableincomeduringtheperiodsinwhichthetemporarydifferences becomedeductible.Managementconsidersthescheduledreversalsofdeferredincometaxliabilities,projectedfuturetaxableincomeandtaxplanningstrategiesin makingthisassessment.Basedonthelevelofhistoricaltaxableincomeandprojectionsforfuturetaxableincomeovertheperiodsinwhichthedeferredincometax |\n| assetsaredeductible,managementbelievesthatthecompanywillrealizethebenefitsofthosedeductibledifferences.Theamountofthedeferredincometaxassets consideredrealizable,however,couldbereducedintheneartermifestimatesoffuturetaxableincomeduringthecarryforwardperiodarereduced.(Refertonote 2.16). |\n| c. Property, plant and equipment Property,plantandequipmentrepresentasignificantproportionoftheassetbaseoftheCompany.Thechargeinrespectofperiodicdepreciationisderivedafter determininganestimateofanasset’sexpectedusefullifeandtheexpectedresidualvalueattheendofitslife.TheusefullivesandresidualvaluesofCompany'sassets |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 133, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ed70fbdd8947c42e", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 > Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 134\n\n| 2. Notes to the Interim Condensed Standalone Financial Statements |\n|---|\n| 2.1 PROPERTY, PLANT AND EQUIPMENT |\n| Accounting Policy Property,plantandequipmentarestatedatcost,lessaccumulateddepreciationandimpairment,ifany.Costsdirectlyattributabletoacquisitionarecapitalizeduntiltheproperty,plantandequipment |\n| arereadyforuse,asintendedbytheManagement.Thechargeinrespectofperiodicdepreciationisderivedatafterdetermininganestimateofanasset’sexpectedusefullifeandtheexpected residual value at the end of its life. The Company depreciates property, plant and equipment over their estimated useful lives using the straight-line method. The estimated useful lives of assets are as follows: Building(1) 22-25 years Plant and machinery(1) 5 years Office equipment 5 years |\n| Computer equipment(1) 3-5 years Furniture and fixtures(1) 5 years Vehicles(1) 5 years Leasehold improvements Lower of useful life of the asset or lease term (1)Basedontechnicalevaluation,theManagementbelievesthattheusefullivesasgivenabovebestrepresenttheperiodoverwhichManagementexpectstousetheseassets.Hence,theusefullives |\n| for these assets is different from the useful lives as prescribed under Part C of Schedule II of the Companies Act 2013. Depreciationmethods,usefullivesandresidualvaluesarereviewedperiodically,includingateachfinancialyearend.Theusefullivesarebasedonhistoricalexperiencewithsimilarassetsaswell |\n| as anticipation of future events, which may impact their life, such as changes in technology. Advancespaidtowardstheacquisitionofproperty,plantandequipmentoutstandingateachBalanceSheetdateisclassifiedascapitaladvancesunderothernon-currentassetsandthecostofassets notreadytousebeforesuchdatearedisclosedunder‘Capitalwork-in-progress’.Subsequentexpendituresrelatingtoproperty,plantandequipmentiscapitalizedonlywhenitisprobablethatfuture |\n| economicbenefitsassociatedwiththesewillflowtotheCompanyandthecostoftheitemcanbemeasuredreliably.Thecostandrelatedaccumulateddepreciationareeliminatedfromthefinancial statements upon sale or retirement of the asset. Impairment Property,plantandequipmentareevaluatedforrecoverabilitywhenevereventsorchangesincircumstancesindicatethattheircarryingamountsmaynotberecoverable.Forthepurposeof |\n| impairmenttesting,therecoverableamount(i.e.thehigherofthefairvaluelesscosttosellandthevalue-in-use)isdeterminedonanindividualassetbasisunlesstheassetdoesnotgeneratecash flows that are largely independent of those from other assets. In such cases, the recoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs. Ifsuchassetsareconsideredtobeimpaired,theimpairmenttoberecognizedintheinterimcondensedStatementofProfitandLossismeasuredbytheamountbywhichthecarryingvalueofthe assetsexceedstheestimatedrecoverableamountoftheasset.AnimpairmentlossisreversedinthecondensedStatementofProfitandLossiftherehasbeenachangeintheestimatesusedto |\n| determinetherecoverableamount.Thecarryingamountoftheassetisincreasedtoitsrevisedrecoverableamount,providedthatthisamountdoesnotexceedthecarryingamountthatwouldhave been determined (net of any accumulated depreciation) had no impairment loss been recognized for the asset in prior years. The changes in the carrying value of property, plant and equipment for the three months ended September 30, 2025 are as follows: (In ₹ crore) Furniture Land- Plant and Office Computer Leasehold Particulars Buildings(1)(2) and Vehicles Total Freehold machinery(2) Equipment(2) equipment(2) Improvements fixtures(2) Gross carrying value as at July 1, 2025 1,487 10,619 3,255 1,448 7,829 2,145 806 45 27,634 Additions 10 - 11 12 352 4 3 1 393 Deletions* - - (5) (8) (151) (57) - (3) (224) Gross carrying value as at September 30, 2025 1,497 10,619 3,261 1,452 8,030 2,092 809 43 27,803 Accumulated depreciation as at July 1, 2025 - (5,063) (2,923) (1,213) (6,065) (1,828) (632) (42) (17,766) Depreciation - (100) (38) (25) (215) (35) (19) (1) (433) Accumulated depreciation on deletions* - - 5 8 151 57 - 3 224 Accumulated depreciation as at September 30, 2025 - (5,163) (2,956) (1,230) (6,129) (1,806) (651) (40) (17,975) Carrying value as at July 1, 2025 1,487 5,556 332 235 1,764 317 174 3 9,868 Carrying value as at September 30, 2025 1,497 5,456 305 222 1,901 286 158 3 9,828 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 134, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "fbb614a2ca0517f6", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 > Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 135\n\n| Gross carrying value as at September 30, 2025 1,497 10,619 3,261 1,452 8,030 2,092 809 43 27,803 Accumulated depreciation as at April 1, 2025 - (4,964) (2,888) (1,195) (6,062) (1,796) (611) (43) (17,559) Depreciation - (200) (75) (48) (432) (70) (40) (1) (866) Accumulated depreciation on deletions** - 1 7 13 365 60 - 4 450 Accumulated depreciation as at September 30, 2025 - (5,163) (2,956) (1,230) (6,129) (1,806) (651) (40) (17,975) Carrying value as at April 1, 2025 1,477 5,657 350 228 1,855 330 170 3 10,070 Carrying value as at September 30, 2025 1,497 5,456 305 222 1,901 286 158 3 9,828 *DuringthethreemonthsandsixmonthsendedSeptember30,2025,certainassetswhichwerenotinusehavinggrossbookvalueof₹210crore(netbookvalue:₹Nil)and₹410crore(netbook value: ₹Nil), respectively were retired. The changes in the carrying value of property, plant and equipment for the six months ended September 30, 2024 are as follows: (In ₹ crore) Furniture Land- Plant and Office Computer Leasehold Particulars Buildings(1)(2) and Vehicles Total Freehold machinery(2) Equipment(2) equipment(2) Improvements fixtures(2) Gross carrying value as at April 1, 2024 1,430 10,679 3,214 1,370 7,379 2,160 963 45 27,240 Additions - 24 34 48 248 26 32 1 413 Deletions** - (43) (8) (17) (229) (32) (52) (1) (382) |\n|---|\n| Gross carrying value as at September 30, 2024 1,430 10,660 3,240 1,401 7,398 2,154 943 45 27,271 Accumulated depreciation as at April 1, 2024 - (4,575) (2,732) (1,139) (5,497) (1,709) (733) (42) (16,427) Depreciation - (202) (93) (50) (537) (89) (72) (1) (1,044) Accumulated depreciation on deletions** - 6 8 17 224 31 52 1 339 Accumulated depreciation as at September 30, 2024 - (4,771) (2,817) (1,172) (5,810) (1,767) (753) (42) (17,132) Carrying value as at April 1, 2024 1,430 6,104 482 231 1,882 451 230 3 10,813 Carrying value as at September 30, 2024 1,430 5,889 423 229 1,588 387 190 3 10,139 **DuringthethreemonthsandsixmonthsendedSeptember30,2024,certainassetswhichwerenotinusehavinggrossbookvalueof₹92crore(netbookvalue:₹Nil)and₹193crore(netbook value: ₹Nil), respectively were retired. (1) Buildings include ₹250/- being the value of five shares of ₹50/- each in Mittal Towers Premises Co-operative Society Limited. |\n| (2) Includes certain assets provided on cancellable operating lease to subsidiaries. The aggregate depreciation has been included under depreciation and amortization expense in the condensed standalone statement of Profit and Loss. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 135, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "aaf9bdc945e9ea22", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 > Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 136\n\n| 2.2 GOODWILL AND INTANGIBLE ASSETS |\n|---|\n| 2.2.1 Goodwill Following is a summary of changes in the carrying amount of goodwill: (In ₹ crore) |\n| Particulars As at September 30, 2025 March 31, 2025 Carrying value at the beginning 211 211 |\n| Carrying value at the end 211 211 |\n| 2.2.2 Other Intangible Assets |\n| Accounting Policy Intangibleassetsarestatedatcostlessaccumulatedamortizationandimpairment.Intangibleassetsareamortizedovertheir respectiveindividual estimatedusefullivesonastraight-linebasis,fromthedatethattheyareavailableforuse.Theestimatedusefullifeofanidentifiableintangibleasset isbasedonanumberoffactorsincludingtheeffectsofobsolescence,demand,competition,andothereconomicfactors(suchasthestabilityofthe |\n| industry,andknowntechnologicaladvances),andthelevelofmaintenanceexpendituresrequiredtoobtaintheexpectedfuturecashflowsfromthe asset. Amortization methods and useful lives are reviewed periodically including at each financial year end. Researchcostsareexpensedasincurred.Softwareproductdevelopmentcostsareexpensedasincurredunlesstechnicalandcommercialfeasibilityof theprojectisdemonstrated,futureeconomicbenefitsareprobable,theCompanyhasanintentionandabilitytocompleteanduseorsellthesoftware |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 136, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "a9b1ab8edba49765", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 > Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 137\n\n| Accounting Policy |\n|---|\n| The Company as a lessee TheCompany’sleaseassetclassesprimarilyconsistofleasesforland,buildingsandcomputers.TheCompanyassesseswhetheracontractcontainsalease,atinceptionofa contract.Acontractis,orcontains,aleaseifthecontractconveystherighttocontroltheuseofanidentifiedassetforaperiodoftimeinexchangeforconsideration.Toassess |\n| whetheracontractconveystherighttocontroltheuseofanidentifiedasset,theCompanyassesseswhether:(i)thecontractinvolvestheuseofanidentifiedasset(ii)theCompany has substantially all of the economic benefits from use of the asset through the period of the lease and (iii) the Company has the right to direct the use of the asset. Atthedateofcommencementofthelease,theCompanyrecognizesaright-of-useasset(“ROU”)andacorrespondingleaseliabilityforallleasearrangementsinwhichitisalessee, |\n| exceptforleaseswithatermoftwelvemonthsorless(short-termleases)andlowvalueleases.Fortheseshort-termandlowvalueleases,theCompanyrecognizesthelease payments as an operating expense on a straight-line basis over the term of the lease. Asalessee,theCompanydeterminestheleasetermasthenon-cancellableperiodofaleaseadjustedwithanyoptiontoextendorterminatethelease,iftheuseofsuchoptionis reasonablycertain.TheCompanymakesanassessmentontheexpectedleasetermonalease-by-leasebasisandtherebyassesseswhetheritisreasonablycertainthatanyoptionsto |\n| extendorterminatethecontractwillbeexercised.Inevaluatingtheleaseterm,theCompanyconsidersfactorssuchasanysignificantleaseholdimprovementsundertakenoverthe leaseterm,costsrelatingtotheterminationoftheleaseandtheimportanceoftheunderlyingassettoInfosys’soperationstakingintoaccountthelocationoftheunderlyingassetand the availability of suitable alternatives. The lease term in future periods is reassessed to ensure that the lease term reflects the current economic circumstances. Certainleasearrangementsincludetheoptionstoextendorterminatetheleasebeforetheendoftheleaseterm.ROUassetsandleaseliabilitiesincludestheseoptionswhenitis |\n| reasonably certain that they will be exercised. Theright-of-useassetsareinitiallyrecognizedatcost,whichcomprisestheinitialamountoftheleaseliabilityadjustedforanyleasepaymentsmadeatorpriortothecommencement |\n| date of the lease plus any initial direct costs less any lease incentives. They are subsequently measured at cost less accumulated depreciation and impairment losses. Right-of-useassetsaredepreciatedfromthecommencementdateonastraight-linebasisovertheshorteroftheleasetermandusefullifeoftheunderlyingasset.Right-of-useassets areevaluatedforrecoverabilitywhenevereventsorchangesincircumstancesindicatethattheircarryingamountsmaynotberecoverable.Forthepurposeofimpairmenttesting,the |\n| recoverableamount(i.e.thehigherofthefairvaluelesscosttosellandthevalue-in-use)isdeterminedonanindividualassetbasisunlesstheassetdoesnotgeneratecashflowsthat are largely independent of those from other assets. In such cases, the recoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs. Theleaseliabilityisinitiallymeasuredatamortizedcostatthepresentvalueofthefutureleasepayments.Theleasepaymentsarediscountedusingtheinterestrateimplicitinthe |\n| lease or, ifnot readilydeterminable, usingthe incrementalborrowingrates in the country ofdomicile ofthese leases. Lease liabilities are remeasured witha corresponding adjustment to the related right of use asset if the Company changes its assessment if whether it will exercise an extension or a termination option. |\n| Lease liability and ROU asset have been separately presented in the Balance Sheet and lease payments have been classified as financing cash flows. |\n| The Company as a lessor LeasesforwhichtheCompanyisalessorisclassifiedasafinanceoroperatinglease.Wheneverthetermsoftheleasetransfersubstantiallyalltherisksandrewardsofownershipto |\n| the lessee, the contract is classified as a finance lease. All other leases are classified as operating leases. WhentheCompanyisanintermediatelessor,itaccountsforitsinterestsintheheadleaseandthesubleaseseparately.Thesubleaseisclassifiedasafinanceoroperatingleaseby |\n| reference to the right-of-use asset arising from the head lease. |\n| For operating leases, rental income is recognized on a straight line basis over the term of the relevant lease. Following are the changes in the carrying value of right-of-use assets for the three months ended September 30, 2025: (In ₹ crore) Particulars Category of ROU asset Total Land Buildings Computers Balance as at July 1, 2025 529 2,154 518 3,201 Additions* - 64 85 149 Deletions - - (49) (49) Depreciation (1) (101) (62) (164) Balance as at September 30, 2025 528 2,117 492 3,137 * Net of adjustments on account of modifications |\n| Following are the changes in the carrying value of right-of-use assets for the three months ended September 30, 2024: (In ₹ crore) Particulars Category of ROU asset Total Land Buildings Computers Balance as at July 1, 2024 533 2,237 517 3,287 Additions* - (10) 175 165 Deletions - - (26) (26) Depreciation (1) (94) (62) (157) Balance as at September 30, 2024 532 2,133 604 3,269 * Net of adjustments on account of modifications Following are the changes in the carrying value of right-of-use assets for the six months ended September 30, 2025: (In ₹ crore) Particulars Category of ROU asset Total Land Buildings Computers Balance as at April 1, 2025 530 2,105 443 3,078 Additions* - 230 286 516 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 137, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "6ccfb8a831208015", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 > Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 139\n\n| Non-co Govern Total non-curre Current investm Liquid Comm Certific Tax fre Govern Govern Non-co Total current in Total carrying v Particulars | nvertible debentur ment Securities nt investments ents mutual fund units ercial Papers ates of deposit e bonds ment bonds ment Securities nvertible debentur vestments alue | es es |  |  |  | (In ₹ cror | 4,109 28,029 4,114 1,551 4,596 50 15 72 546 10,944 38,973 e, except as o As at | therwise | 5,240 27,371 1,185 3,442 3,257 154 - 1,560 1,549 11,147 38,518 stated) |\n|---|---|---|---|---|---|---|---|---|---|\n| Non-current inv Unquoted Investme Investm Info Info Info Info Info Info Info Edg Info Info Bril Info Pan Info Info | estments nt carried at cost ents in equity instr sys BPM Limited 33,828 (33,828) sys Technologies ( sys Technologies, 17,49,99,990 (1 sys Technologies ( 1,000 (1,000) e sys Technologies ( sys Public Service 3,50,00,000 (3, sys Consulting Ho 23,350 (23,350) 26,460 (26,460) eVerve Systems L 1,31,18,40,000 sys Nova Holdings sys Singapore Pte 2,88,39,411 (2, liant Basics Holdin 1,346 (1,346) s sys Arabia Limited 70 (70) shares aya Inc. 2 (2) shares of sys Chile SpA 100 (100) share sys Luxembourg S 30,000 (30,000) | uments of subsidiaries equity shares of ₹10,0 China) Co. Limited S. de R.L. de C.V., Me 7,49,99,990) equity sh Sweden) AB quity shares of SEK 10 Shanghai) Company Li s, Inc. 50,00,000) shares of U lding AG - Class A shares of C - Class B Shares of C imited (1,31,18,40,000) equity LLC# Ltd 73,19,411) shares g Limited hares of GBP 0.005 eac USD 0.01 per share, ful s .a r.l. shares | 00/- each, fu xico ares of MXN 0 par value, mited SD 0.50 par HF 1,000 eac HF 100 each shares of ₹ h, fully paid ly paid up | lly paid u 1 par va fully paid value, ful h and , fully pai 10/- each, up | p lue, fully paid up ly paid d up fully paid up | September 30 | , 2025 662 369 65 76 1,010 99 1,323 1,312 3,308 4,821 59 2 582 7 26 | March 3 | 1, 2025 662 369 65 76 1,010 99 1,323 1,312 3,017 4,327 59 2 582 7 26 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 139, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "3177bf2ca0daf596", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 > Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 140\n\n| culars Investments carried at Target maturity fund Equity and Preference Others (1) Investments carried at Preference securities | fair value throug units securities fair value throug | h profit or h other co | loss mprehensive | income |  |  |  |  |  |  |  |  | September 30 | , 2025 483 25 64 572 172 | March 3 | 1, 2025 465 25 61 551 167 |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| Equity securities Quoted Investments carried at Tax free bonds Government bonds Investments carried at Non-convertible debe Equity Securities | amortized cost fair value throug ntures | h other co | mprehensive | income |  |  |  |  |  |  |  |  |  | 2 174 409 - 409 5,342 |  | 2 169 1,465 14 1,479 3,320 |\n| Government Securitie non-current investment | s s |  |  |  |  |  |  |  |  |  |  |  |  | 83 4,109 9,534 |  | 57 5,240 8,617 |\n| ent investments Unquoted Investments carried at Liquid mutual fund u | fair value throug nits | h profit or | loss |  |  |  |  |  |  |  |  |  |  | 28,029 4,114 |  | 27,371 1,185 |\n| Investments carried at Commercial Papers Certificates of deposit Quoted Investments carried at Tax free bonds | fair value throug amortized cost | h other co | mprehensive | income |  |  |  |  |  |  |  |  |  | 4,114 1,551 4,596 6,147 |  | 1,185 3,442 3,257 6,699 |\n| Government bonds Investments carried at Government Securitie | fair value throug s | h other co | mprehensive | income |  |  |  |  |  |  |  |  |  | 50 15 65 72 |  | 154 - 154 1,560 |\n| Non-convertible debe current investments | ntures |  |  |  |  |  |  |  |  |  |  |  |  | 546 618 |  | 1,549 3,109 |\n| investments |  |  |  |  |  |  |  |  |  |  |  |  |  | 10,944 |  | 11,147 |\n| egate amount of quoted in et value of quoted investm et value of quoted investm egate amount of unquoted regate amount of impairm ction in the fair value of as | vestments ents (including int ents (including int investments ent in value of inv sets held for sale | erest accru erest accru estments | ed), current ed), non-curr | ent |  |  |  |  |  |  |  |  |  | 38,973 10,626 684 9,951 28,347 94 854 |  | 38,518 13,359 3,266 10,269 25,159 94 854 |\n| ments carried at cost ments carried at amortize ments carried at fair value ments carried at fair value called capital commitmen to note 2.10 for accounti od of fair valuation: of investment d mutual fund units - carri t maturity fund units - car ree bonds and government onvertible debentures - ca rehensive income rnment securities - carried rehensive income mercial Papers - carried at e | d cost through other co through profit or ts outstanding as ng policies on fina ed at fair value thr ried at fair value th bonds - carried at rried at fair value at fair value throu fair value through | mprehensiv loss of Septemb ncial instru ough profit rough prof amortized through oth gh other other comp | e income er 30, 2025 a ments. or loss it or loss cost er rehensive | nd March 3 Method Quoted price Quoted price Quoted price Quoted price Quoted price Market obse | 1, 20 and and and rvabl | 25 was market market market e inputs | ₹26 crore and observable inp observable inp observable inp | ₹27 cror uts uts uts | e, respec | tively. |  |  | F September 30 | 17,340 474 16,473 4,686 air value as , 2025 4,114 483 483 5,888 4,181 1,551 | (In ₹ at March 3 | 16,555 1,633 18,594 1,736 crore) 1, 2025 1,185 465 1,796 4,869 6,800 3,442 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 140, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "a7026c2459ee1030", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 > Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 141\n\n| Loan to subsid Loans conside Other Loan Loans to Total non - cu Current Loans conside Other Loan | iary red good - Unsec s employees rrent loans red good - Unsec s | ured ured |  |  |  | - 9 9 |  |  | 10 16 26 |\n|---|---|---|---|---|---|---|---|---|---|\n| Loans to Total current Total Loans 2.6 OTHER F Particulars Non-current Security de Unbilled re Net investm Total non-cur Current Security de | employees loans INANCIAL AS posits (1) venues (1)(5)# ent in lease(1) rent other finan posits (1) | SETS cial asse | ts |  | September 30 | 192 192 201 As , 2025 212 2,014 299 2,525 9 | at | (In ₹ March 3 | 207 207 233 crore) 1, 2025 205 1,904 241 2,350 21 |\n| Restricted d Unbilled re Interest acc Foreign cur Net investm Others (1)(4) Total current Total other fi (1) Financial as (2) Financial as | eposits (1)* venues (1)(5)# rued but not due rency forward an ent in lease (1) other financial nancial assets sets carried at am sets carried at fai | (1) d options assets ortized c r value th | contracts (2)(3) ost rough other co | mprehensive income |  | 2,918 6,253 581 31 285 3,570 13,647 16,172 16,141 24 |  |  | 2,716 5,681 739 171 228 3,013 12,569 14,919 14,748 28 |\n| (3) Financial as (4) Includes du | sets carried at fai es from subsidia | r value th ries | rough Profit or | Loss |  | 7 3,436 |  |  | 143 2,863 |\n| (5) Includes du *Restricted d business. | es from subsidia eposits represen | ries t deposit | with financial | institutions tosettle employee related obligations as a | nd when they | 160 arise du | ring then | ormal c | 165 ourse of |\n| # Classified as 2.7 TRADE R Particulars | financial asset a ECEIVABLES | s right to | consideration is | unconditional and is due only after a passage of time. |  | As | at | (In ₹ | crore) |\n| Current |  |  |  |  | September 30 | , 2025 |  | March 3 | 1, 2025 |\n| Trade Re Less: All | ceivable conside owance for expe | red good cted credi | - Unsecured (1) t loss |  |  | 29,666 451 |  |  | 26,807 394 |\n| Trade Re Trade Re Less: All | ceivable conside ceivable - credit owance for credi | red good impaired t impairm | - Unsecured - Unsecured ent |  |  | 29,215 194 194 |  |  | 26,413 169 169 |\n| Trade Re Total trade re | ceivable - credit ceivables (2) | impaired | - Unsecured |  |  | - 29,215 |  |  | - 26,413 |\n| (1) Includes du | es from subsidia | ries |  |  |  | 271 |  |  | 250 |\n| (2) Includes du | es from compani | es where | directors are in | terested |  | - |  |  | - |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 141, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "8b7d2c05336dfa81", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 > Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 142\n\n| In current and deposit accounts 20,409 14,265 Cash on hand - - Total Cash and cash equivalents 20,409 14,265 Balances with banks in unpaid dividend accounts 42 45 Deposit with more than 12 months maturity - - |\n|---|\n| Cash and cash equivalents as at September 30, 2025 and March 31, 2025 include restricted cash and bank balances of ₹56 crore and ₹45 crore, respectively. ThedepositsmaintainedbytheCompanywithbanksandfinancialinstitutionscompriseoftimedeposits,whichcanbewithdrawnbytheCompanyatanypoint |\n| without prior notice or penalty on the principal. 2.9 OTHER ASSETS (In ₹ crore) Particulars As at September 30, 2025 March 31, 2025 Non-current Capital advances 171 206 Advances other than capital advances Others Prepaid expenses 235 154 Defined benefit plan assets 233 257 Deferred contract cost Cost of obtaining a contract 254 299 Cost of fulfillment 617 676 Unbilled revenues(2) 94 119 Withholding taxes and others(3) 514 512 Total non-current other assets 2,118 2,223 Current Advances other than capital advances |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 142, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "55961264335021eb", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 > Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 143\n\n| Accounting Policy |\n|---|\n| 2.10.1 Initial recognition TheCompanyrecognizesfinancialassetsandfinancialliabilitieswhenitbecomesapartytothecontractualprovisionsoftheinstrument.Allfinancialassetsandliabilitiesarerecognizedatfair valueoninitialrecognition,exceptfortradereceivableswhichareinitiallymeasuredattransactionprice.Transactioncoststhataredirectlyattributabletotheacquisitionorissueoffinancial |\n| assetsandfinancialliabilities,whicharenotatfairvaluethroughprofitorloss,areaddedtothefairvalueoninitialrecognition.Regularwaypurchaseandsaleoffinancialassetsareaccounted for at trade date. 2.10.2 Subsequent measurement |\n| a. Non-derivative financial instruments (i) Financial assets carried at amortized cost Afinancialassetissubsequentlymeasuredatamortizedcostifitisheldwithinabusinessmodelwhoseobjectiveistoholdtheassetinordertocollectcontractualcashflowsandthecontractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. (ii) Financial assets carried at fair value through other comprehensive income (FVOCI) |\n| Afinancialassetissubsequentlymeasuredatfairvaluethroughothercomprehensiveincomeifitisheldwithinabusinessmodelwhoseobjectiveisachievedbybothcollectingcontractualcash flowsandsellingfinancialassetsandthecontractualtermsofthefinancialassetgiveriseonspecifieddatestocashflowsthataresolelypaymentsofprincipalandinterestontheprincipal amountoutstanding.TheCompanyhasmadeanirrevocableelectionforcertaininvestmentswhichareclassifiedasequityinstrumentstopresentthesubsequentchangesinfairvalueinother comprehensive income based on its business model. |\n| (iii) Financial assets carried at fair value through profit or loss (FVTPL) A financial asset which is not classified in any of the above categories are subsequently fair valued through profit or loss. |\n| (iv) Financial liabilities Financialliabilities are subsequentlycarried at amortized cost usingthe effective interest method, except for contingent consideration recognized in a business combination which is |\n| subsequently measured at fair value through profit or loss. (v) Investment in subsidiaries |\n| Investment in subsidiaries is carried at cost in the separate financial statements. b. Derivative financial instruments |\n| TheCompanyholdsderivativefinancialinstrumentssuchasforeignexchangeforwardandoptioncontractstomitigatetheriskofchangesinexchangeratesonforeigncurrencyexposures.The counterparty for such contracts is generally a bank. (i) Financial assets or financial liabilities, carried at fair value through profit or loss. |\n| This category includes derivative financial assets or liabilities which are not designated as hedges. AlthoughtheCompanybelievesthatthesederivativesconstitutehedgesfromaneconomicperspective,theymaynotqualifyforhedgeaccountingunderIndAS109,FinancialInstruments.Any |\n| derivative that is either not designated as hedge, or is so designated but is ineffective as per Ind AS 109, is categorized as a financial asset or financial liability, at fair value through profit or loss. DerivativesnotdesignatedashedgesarerecognizedinitiallyatfairvalueandattributabletransactioncostsarerecognizedinnetprofitintheStatementofProfitandLosswhenincurred. Subsequenttoinitialrecognition,thesederivativesaremeasuredatfairvaluethroughprofitorlossandtheresultingexchangegainsorlossesareincludedinotherincome.Assets/liabilitiesin |\n| this category are presented as current assets/current liabilities if they are either held for trading or are expected to be realized within 12 months after the Balance Sheet date. (ii) Cash flow hedge |\n| PrimarilytheCompanydesignatescertainforeignexchangeforwardandoptionscontractsascashflowhedgestomitigatetheriskofforeignexchangeexposureonhighlyprobableforecastcash transactions. Whenaderivativeisdesignatedasacashflowhedgeinstrument,theeffectiveportionofchangesinthefairvalueofthederivativeisrecognizedinothercomprehensiveincomeandaccumulated inthecashflowhedgereserve.AnyineffectiveportionofchangesinthefairvalueofthederivativeisrecognizedimmediatelyinthenetprofitinthecondensedstandaloneStatementofProfit andLoss.Ifthehedginginstrumentnolongermeetsthecriteriaforhedgeaccounting,thenhedgeaccountingisdiscontinuedprospectively.Ifthehedginginstrumentexpiresorissold, terminatedorexercised,thecumulativegainorlossonthehedginginstrumentrecognizedincashflowhedgereservetilltheperiodthehedgewaseffectiveremainsincashflowhedgereserve untiltheforecastedtransactionoccurs.ThecumulativegainorlosspreviouslyrecognizedinthecashflowhedgereserveistransferredtothenetprofitinthecondensedstandaloneStatementof ProfitandLossupontheoccurrenceoftherelatedforecastedtransaction.Iftheforecastedtransactionisnolongerexpectedtooccur,thentheamountaccumulatedincashflowhedgereserveis |\n| reclassified to net profit in the Statement of Profit and Loss. 2.10.3 Derecognition of financial instruments TheCompanyderecognizesafinancialassetwhenthecontractualrightstothecashflowsfromthefinancialassetexpireorittransfersthefinancialassetandthetransferqualifiesfor derecognitionunderIndAS109.Afinancialliability(orapartofafinancialliability)isderecognizedfromtheCompany'sBalanceSheetwhentheobligationspecifiedinthecontractis discharged or cancelled or expires. 2.10.4 Fair value of financial instruments Indeterminingthefairvalueofitsfinancialinstruments,theCompanyusesavarietyofmethodsandassumptionsthatarebasedonmarketconditionsandrisksexistingateachreportingdate. |\n| Themethodsusedtodeterminefairvalueincludediscountedcashflowanalysis,optionpricingmodel,marketmultiples,availablequotedmarketpricesanddealerquotes.Allmethodsof assessing fair value result in general approximation of value, and such value may never actually be realized. Refertotable'Financialinstrumentsbycategory'belowforthedisclosureoncarryingvalueandfairvalueoffinancialassetsandliabilities.Forfinancialassetsandliabilitiesmaturingwithinone |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 143, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "35db49457ef4fddf", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 > Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 144\n\n| and a Thea | nticipated fut mountofEC | ure economic Ls(orrevers | con al)t | ditions rela hatisrequi | ting to redtoa | industries the Co djustthelossall | mpany deals w owanceatthe | ith and the cou reportingdate | ntries where it opera totheamountthati | tes. srequiredtoberec | ordedisrecognizedas | animpa | irmentloss | orgaini |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| statem | ent of profit | and loss. |  |  |  |  |  |  |  |  |  |  |  |  |\n| Finan The c | cial instrum arrying value | ents by cate and fair valu | gory e of | financial in | strume | nts by categories | as at Septemb | er 30, 2025 are | as follows: |  |  |  | (In ₹ | crore) |\n| Parti Asset Cash Invest | culars s: and cash equi ments (Refer Preference se Tax free bon Liquid mutua Target matur Commercial Certificates o Non converti | valents (Ref to note 2.4) curities, Equ ds and gover l fund units ity fund units Papers f deposit ble debentur | er to ity s nme es | note 2.8) ecurities an nt bonds | d other | Amo co s | rtized Fina st fair v Desig 20,409 - 474 - - - - - | ncial assets/ lia alue through p nated upon initial recognition - 25 - - - - - - | bilities at Fina rofit or loss Mandatory desi initial - 64 - 4,114 483 - - - | ncial assets/liabiliti value through O Equity instruments gnated upon recognition - 257 - - - - - - | es at fair Total ca CI valu Mandatory - - - - - 1,551 4,596 5,888 | rrying e 20,409 346 474 4,114 483 1,551 4,596 5,888 | Total fair | value 20,409 346 483 (1) 4,114 483 1,551 4,596 5,888 |\n| Trade Loans Other Total Liabi Trade Lease Other Total (1) On (2) Ex The c | Government receivables ( (Refer to no financial ass lities: payables (Re liabilities (R financial liab account of f cludes interes arrying value | Securities Refer to note te 2.5) ets (Refer to fer to note 2 efer to note 2 ilities (Refer air value cha t accrued on and fair valu | 2.7 note .13) .3) to n nges tax e of | ) 2.6) ote 2.12) including free bonds financial in | interest and go strume | accrued vernment bonds c nts by categories | - 29,215 201 16,141 66,440 2,812 3,799 14,160 20,771 arried at amo as at March 3 | - - - - 25 - - - - rtized cost of ₹1 1, 2025 were as | - - - 7 4,668 - - 481 481 2 crore follows: | - - - - 257 - - - - | 4,181 - - 24 16,240 - - 18 18 | 4,181 29,215 201 16,172 87,630 2,812 3,799 14,659 21,270 | (In ₹ | 4,181 29,215 201 16,160 ( 87,627 2,812 3,799 14,659 21,270 crore) |\n| Parti Asset Cash Invest | culars s: and cash equi ments (Refer Preference se Tax free bon Target matur | valents (Ref to note 2.4) curities, Equ ds and gover ity fund units | er to ity s nme | note 2.8) ecurities an nt bonds | d other | Amo co s | rtized Fina st fair v Desig 14,265 - 1,633 - | ncial assets/ lia alue through p nated upon initial recognition - 25 - - | bilities at Fina rofit or loss Mandatory desi initial - 61 - 465 | ncial assets/liabiliti value through O Equity instruments gnated upon recognition - 226 - - | es at fair Total ca CI valu Mandatory - - - - | rrying e 14,265 312 1,633 465 | Total fair | value 14,265 312 1,796 ( 465 |\n| Trade Loans Other Total Liabi Trade Lease Other | Liquid mutua Commercial Certificates o Non converti Government receivables ( (Refer to no financial ass lities: payables (Re Liabilities (R financial liab | l fund units Papers f deposit ble debentur Securities Refer to note te 2.5) ets (Refer to fer to note 2 efer to note ilities (Refer | es 2.7 note .13) 2.3) to n | ) 2.6) ote 2.12) |  |  | - - - - - 26,413 233 14,748 57,292 2,728 3,459 13,593 | - - - - - - - - 25 - - - | 1,185 - - - - - - 143 1,854 - - 54 | - - - - - - - - 226 - - - | - 3,442 3,257 4,869 6,800 - - 28 18,396 - - 33 | 1,185 3,442 3,257 4,869 6,800 26,413 233 14,919 77,793 2,728 3,459 13,680 |  | 1,185 3,442 3,257 4,869 6,800 26,413 233 14,839 ( 77,876 2,728 3,459 13,680 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 144, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "171770cafeba1c5a", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 > Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 145\n\n| Fair value hierarchy Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities. |\n|---|\n| Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices). Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs). The fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as at September 30, 2025 is as follows: (In ₹ crore) As at September Fair value measurement at end of the Particulars 30, 2025 reporting period using Level 1 Level 2 Level 3 Assets Investments (Refer to note 2.4) Investments in tax free bonds 468 417 51 - Investments in government bonds 15 15 - - Investments in liquid mutual fund units 4,114 4,114 - - Investments in target maturity fund units 483 483 - - Investments in certificates of deposit 4,596 - 4,596 - Investments in commercial papers 1,551 - 1,551 - Investments in non convertible debentures 5,888 5,739 149 - Investments in government securities 4,181 4,145 36 - |\n| Investments in equity securities 85 83 - 2 Investments in preference securities 197 - - 197 Other investments 64 - - 64 Others Derivative financial instruments - gains (Refer to note 2.6) 31 - 31 - Liabilities Derivative financial instruments - loss (Refer to note 2.12) 479 - 479 - Liability towards contingent consideration (Refer to note 2.12)(1) 20 - - 20 (1)Discount rate ranges from 3% to 6% DuringthesixmonthsendedSeptember30,2025,taxfreebondsof₹60croreandstategovernmentsecuritiesof₹36crorewastransferredfromLevel2toLevel1offairvaluehierarchy, sincethesewerevaluedbasedonquotedprice.Further, nonconvertibledebenturesof₹149croreandstategovernmentsecurities of₹36croreweretransferredfromLevel1toLevel2of fair value hierarchy, since these were valued based on market observable inputs. The fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as at March 31, 2025 was as follows: (In ₹ crore) As at March 31, Fair value measurement at end of the reporting Particulars 2025 period using Level 1 Level 2 Level 3 Assets Investments (Refer to note 2.4) Investments in tax free bonds 1,781 1,227 554 - Investments in target maturity fund units 465 465 - - Investments in government bonds 15 15 - - Investments in liquid mutual fund units 1,185 1,185 - - |\n| Investments in certificates of deposit 3,257 - 3,257 - Investments in commercial papers 3,442 - 3,442 - Investments in non convertible debentures 4,869 4,869 - - Investments in government securities 6,800 6,763 37 - Investments in equity securities 59 57 - 2 Investments in preference securities 192 - - 192 Other investments 61 - - 61 Others Derivative financial instruments - gains (Refer to note 2.6) - 171 - 171 Liabilities Derivative financial instruments - loss (Refer note 2.12) 56 - 56 - Liability towards contingent consideration (Refer to note 2.12)(1) 31 - - 31 |\n| (1)Discount rate - 6 % DuringtheyearendedMarch31,2025,Stategovernmentsecuritiesandnon-convertibledebenturesof₹36croreand₹261croreweretransferredfromLevel2toLevel1offairvalue |\n| hierarchysincethesewerevaluedbasedonquotedprice.FurtherTaxfreebondof₹554croreweretransferredfromLevel1toLevel2offairvaluehierarchy,sincethesewerevaluedbased on market observable inputs. |\n| A one percentage point change in the unobservable inputs used in fair valuation of Level 3 assets and liabilities does not have a significant impact in its value. MajorityofinvestmentsoftheCompanyarefairvaluedbasedonLevel1orLevel2inputs.Theseinvestmentsprimarilyincludeinvestmentinliquidmutualfundunits,targetmaturityfund units,taxfreebonds,certificatesofdeposit,commercialpapers,treasurybills,governmentsecurities,non-convertibledebentures,quotedbondsissuedbygovernmentandquasi-government |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 145, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "f52ae8391a57e750", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 > Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 146\n\n| 2.11 EQUITY |\n|---|\n| Accounting policy Ordinary Shares Ordinarysharesareclassifiedasequitysharecapital.Incrementalcostsdirectlyattributabletotheissuanceofnewordinaryshares,shareoptionsandbuybackarerecognizedasadeductionfromequity,netof |\n| any tax effects. Description of reserves Capital redemption reserve Inaccordancewithsection69oftheIndianCompaniesAct,2013,theCompanycreatescapitalredemptionreserveequaltothenominalvalueofthesharesboughtbackasanappropriationfromgeneral reserve / retained earnings. Retained earnings |\n| Retained earnings represent the amount of accumulated earnings of the Company. Securities premium The amount received in excess of the par value of equity shares has been classified as securities premium. Amounts have been utilized for bonus issue and share buyback from share premium account. |\n| Share options outstanding account TheShareoptionsoutstandingaccountisusedtorecordthefairvalueofequity-settledsharebasedpaymenttransactionswithemployees.Theamountsrecordedinshareoptionsoutstandingaccountare |\n| transferred to securities premium upon exercise of stock options and transferred to general reserve on account of stock options not exercised by employees. |\n| Special Economic Zone Re-investment reserve TheSpecialEconomicZoneRe-investmentreservehasbeencreatedoutoftheprofitoftheeligibleSEZunitintermsoftheprovisionsofSec10AA(1)(ii)ofIncomeTaxAct,1961.Thereserveshouldbe |\n| utilized by the Company for acquiring new plant and machinery for the purpose of its business in terms of the provisions of the Sec 10AA (2) of the Income Tax Act, 1961. Other components of equity |\n| Othercomponentsofequityincluderemeasurementofnetdefinedbenefitliability/asset,equityinstrumentsfairvaluedthroughothercomprehensiveincome,changesonfairvaluationofinvestmentsand changes in fair value of derivatives designated as cash flow hedges, net of taxes. Cash flow hedge reserve Whenaderivativeisdesignatedasacashflowhedginginstrument,theeffectiveportionofchangesinthefairvalueofthederivativeisrecognizedinothercomprehensiveincomeandaccumulatedinthecash |\n| flowhedgingreserve.ThecumulativegainorlosspreviouslyrecognizedinthecashflowhedgingreserveistransferredtothecondensedstandaloneStatementofProfitandLossupontheoccurrenceofthe related forecasted transaction. 2.11.1 EQUITY SHARE CAPITAL (In ₹ crore, except as otherwise stated) Particulars As at September 30, 2025 March 31, 2025 |\n| Authorized Equity shares, ₹5/- par value 480,00,00,000 (480,00,00,000) equity shares 2,400 2,400 Issued, Subscribed and Paid-Up Equity shares, ₹5/- par value(1) 2,077 2,076 415,44,01,349 (415,32,63,455) equity shares fully paid-up |\n| 2 ,077 2,076 (1) Refer to note 2.20 for details of basic and diluted shares Forfeited shares amounted to ₹1,500/- (₹1,500/-) TheCompanyhasonlyoneclassofsharesreferredtoasequityshareshavingaparvalueof₹5/-.Eachholderofequitysharesisentitledtoonevotepershare.TheequitysharesrepresentedbyAmerican |\n| Depository Shares (ADS) carry similar rights to voting and dividends as the other equity shares. Each ADS represents one underlying equity share. IntheeventofliquidationoftheCompany,theholdersofequityshareswillbeentitledtoreceiveanyoftheremainingassetsofthecompanyinproportiontothenumberofequitysharesheldbythe |\n| shareholders, after distribution of all preferential amounts. However, no such preferential amounts exist currently. |\n| There are no voting, dividend or liquidation rights to the holders of options issued under the company's share option plans. |\n| For details of shares reserved for issue under the employee stock option plan of the Company, refer to the note below. The reconciliation of the number of shares outstanding and the amount of share capital as at September 30, 2025 and March 31, 2025 is set out below: (in ₹ crore, except as stated otherwise) Particulars As at September 30, 2025 As at March 31, 2025 |\n| Number of shares Amount Number of shares Amount As at the beginning of the period 4,15,32,63,455 2,076 4,15,08,67,464 2,075 Add: Shares issued on exercise of employee stock options 1,137,894 1 2,395,991 1 As at the end of the period 4,15,44,01,349 2,077 4,15,32,63,455 2,076 |\n| Capital allocation policy Effectivefiscal2025,theCompanyexpectstocontinueitspolicyofreturningapproximately85%ofthefreecashflowcumulativelyovera5-yearperiodthroughacombinationofsemi-annualdividends |\n| and/or share buyback/ special dividends subject to applicable laws and requisite approvals, if any. Underthispolicy,theCompanyexpectstoprogressivelyincreaseitsannualdividendpershare(excludingspecialdividendifany).Freecashflowisdefinedasnetcashprovidedbyoperatingactivitiesless |\n| capital expenditure as per the consolidated statement of cash flows prepared under IFRS. Dividend and buyback include applicable taxes |\n| Update on buyback announced in September 2025 TheBoard,atitsmeetingonSeptember11,2025,approvedaproposalfortheCompanytobuybackitsfullypaid-upequitysharesoffacevalueof₹5/-eachfromtheeligibleequityshareholdersofthe Companyforanamountof₹18,000crore,subjecttoshareholders'approvalbywayofPostalBallot.TheBuybackofferifapprovedbyshareholderswouldcompriseapurchaseof10,00,00,000EquityShares comprisingapproximately2.41%ofthetotalpaid-upequitysharecapitaloftheCompanyasofJune30,2025(onstandalonebasis)atapriceof₹1,800perEquityshare.Thebuybackisproposedtobemade |\n| fromalleligibleequityshareholders(includingthosewhobecomeequityshareholdersasontheRecorddatebycancellingAmericanDepositorySharesandwithdrawingunderlyingEquityshares)ofthe CompanyasontheRecordDate(tobedeterminedbytheBoard/BuybackCommittee)onaproportionatebasisthroughthe\"Tenderoffer\"route.TheCompanyhassentoutanoticetoitsshareholdersasof September 26, 2025 seeking the approval of the shareholders through postal ballot. The voting for this postal ballot is expected to end on November 4, 2025. TheCompany’sobjectivewhenmanagingcapitalistosafeguarditsabilitytocontinueasagoingconcernandtomaintainanoptimalcapitalstructuresoastomaximizeshareholdervalue.Inordertomaintain |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 146, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "be7bc640a6d1d012", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 > Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 147\n\n| Directors. Incometaxconsequencesofdividendsonfinancialinstrumentsclassifiedasequitywillberecognizedaccordingtowheretheentityoriginallyrecognizedthosepasttransactionsoreventsthat generated distributable profits. TheCompanydeclaresandpaysdividendsinIndianrupees.Companiesarerequiredtopay/distributedividendafterdeductingapplicabletaxes.TheremittanceofdividendsoutsideIndiaisgovernedbyIndian law on foreign exchange and is also subject to withholding tax at applicable rates. The amount of per share dividend recognized as distribution to equity shareholders in accordance with Companies Act 2013 is as follows:- (in ₹) |\n|---|\n| Particulars Three months ended September 30, Six months ended September 30, 2025 2024 2025 2024 Final dividend for fiscal 2025 - - 22.00 - Special dividend for fiscal 2024 - - - 8.00 Final dividend for fiscal 2024 - - - 20.00 The Board of Directors in their meeting held on April 17, 2025 recommended a final dividend of ₹22/- per equity share for the financial year ended March 31, 2025. The same was approved by the shareholders |\n| at the Annual General Meeting (AGM) of the Company held on June 25, 2025 which resulted in a net cash outflow of ₹9,139 crore. The final dividend was paid on June 30, 2025. |\n| The Board of Directors in their meeting held on October 16, 2025 declared an interim dividend of ₹23/- per equity share which would result in a net cash outflow of approximately ₹9,555 crore. 2.11.3 Employee Stock Option Plan (ESOP): |\n| Accounting Policy TheCompanyrecognizescompensationexpenserelatingtoshare-basedpaymentsinnetprofitbasedonestimatedfair-valuesoftheawardsonthegrantdate.Theestimatedfairvalueofawardsisrecognized |\n| asanexpenseinthestatementofprofitandlossonastraight-linebasisovertherequisiteserviceperiodforeachseparatelyvestingportionoftheawardasiftheawardwasin-substance,multipleawardswith a corresponding increase to share options outstanding account. |\n| Infosys Expanded Stock Ownership Program 2019 (the 2019 Plan): OnJune22,2019pursuanttoapprovalbytheshareholdersintheAnnualGeneralMeeting,theBoardhasbeenauthorizedtointroduce,offer,issueandprovideshare-basedincentivestoeligibleemployeesof theCompanyanditssubsidiariesunderthe2019Plan.Themaximumnumberofsharesunderthe2019planshallnotexceed5,00,00,000equityshares.Toimplementthe2019Plan,upto4,50,00,000equity sharesmaybeissuedbywayofsecondaryacquisitionofsharesbyInfosysExpandedStockOwnershipTrust. TheRestrictedStockUnits(RSUs)grantedunderthe2019planshallvestbasedonthe |\n| achievementofdefinedannualperformanceparametersasdeterminedbytheadministrator(NominationandRemunerationCommittee).Theperformanceparameterswillbebasedonacombinationofrelative TotalShareholderReturn(TSR)againstselectedindustrypeersandcertainbroadermarketdomesticandglobalindicesandoperatingperformancemetricsofthecompanyasdecidedbyadministrator.Eachof theaboveperformanceparameterswillbedistinctforthepurposesofcalculationofquantityofsharestovestbasedonperformance.Theseinstrumentswillgenerallyvestbetweenaminimumof1tomaximum of 3 years from the grant date. |\n| 2015 Stock Incentive Compensation Plan (the 2015 Plan): OnMarch31,2016,pursuanttotheapprovalbytheshareholdersthroughpostalballot,theBoardwasauthorizedtointroduce,offer,issueandallotshare-basedincentivestoeligibleemployeesofthe Companyanditssubsidiariesunderthe2015Plan.Themaximumnumberofsharesunderthe2015planshallnotexceed2,40,38,883equityshares(thisincludes1,12,23,576equityshareswhichareheldby |\n| thetrusttowardsthe2011PlanasatMarch31,2016).Theseinstrumentswillgenerallyvestoveraperiodof4years.TheplannumbersmentionedabovearefurtheradjustedwiththeSeptember2018bonus issue. TheequitysettledandcashsettledRSUsandstockoptionswouldvestgenerallyoveraperiodof4yearsandshallbeexercisablewithintheperiodasapprovedbytheNominationandRemunerationCommittee |\n| (NARC). The exercise price of the RSUs will be equal to the par value of the shares and the exercise price of the stock options would be the market price as on the date of grant. Controlledtrustholds90,91,403and96,55,927sharesasatSeptember30,2025andMarch31,2025,respectivelyunderthe2015plan.Outoftheseshares,2,00,000equityshareseachhavebeenearmarked |\n| for welfare activities of the employees as at September 30, 2025 and March 31, 2025. The following is the summary of grants made during the three months and six months ended September 30, 2025 and September 30, 2024: Three months ended Six months ended Particulars September 30, September 30, 2025 2024 2025 2024 |\n| 2015 Plan: RSU Equity settled RSUs Key Management Personnel (KMP) - - 277,077 2 95,168 Employees other than KMP 2,400 32,850 7,400 1 29,340 2,400 32,850 284,477 424,508 2015 Plan: Employee Stock Options (ESOPs) Equity settled RSUs Key Management Personnel (KMP) - - 237,370 - Employees other than KMP - - 5,412,790 - - - 5,650,160 - |\n| Cash settled RSUs Key Management Personnel (KMP) - - - - Employees other than KMP - - 108,180 - - - 108,180 - Total Grants under 2015 Plan 2,400 32,850 6,042,817 424,508 2019 Plan: RSU Equity settled RSUs Key Management Personnel (KMP) - - 66,366 7 0,699 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 147, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "afe893910a22cff1", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 > Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 148\n\n| Notes on grants to KMP: CEO & MD Under the 2015 plan: |\n|---|\n| TheBoard,onApril17,2025,basedontherecommendationsoftheNominationandRemunerationCommitteeapprovedthefollowinggrantsforfiscal2026.Inaccordancewithsuchapprovalthefollowing grants were made effective May 2, 2025. -2,30,621performance-basedRSUs(Annualperformanceequitygrant)offairvalueof₹34.75crore.TheseRSUswillvestinlinewiththeemploymentagreementbasedonachievementofcertain performance targets. -13,273performance-basedgrantofRSUs(AnnualperformanceequityESGgrant)offairvalueof₹2crore.TheseRSUswillvestinlinewiththeemploymentagreementbasedonachievementofcertain |\n| environment, social and governance milestones as determined by the Board. -33,183performance-basedgrantofRSUs(AnnualperformanceEquityTSRgrant)offairvalueof₹5crore.TheseRSUswillvestinlinewiththeemploymentagreementbasedonCompany’sperformance on cumulative relative TSR over the years and as determined by the Board. ThoughtheannualtimebasedgrantsandannualperformanceequityTSRgrantfortheremainingemploymenttermendingonMarch31,2027havenotbeengrantedasofSeptember30,2025,sincethe servicecommencementdateprecedesthegrantdate,thecompanyhasrecordedemploymentstockcompensationexpenseinaccordancewithIndAS102,Sharebasedpayment.Thegrantdateforthispurpose in accordance with Ind AS 102, Share based payment is July 1, 2022. |\n| Under the 2019 plan: TheBoard,onApril17,2025,basedontherecommendationsoftheNominationandRemunerationCommittee,approvedperformance-basedgrantofRSUsamountingto₹10croreforfiscal2026underthe 2019 Plan. These RSUs will vest based on achievement of certain performance targets. Accordingly, 66,366 performance based RSU’s were granted effective May 2, 2025. |\n| Other KMP |\n| Under the 2015 plan: DuringthesixmonthsendedSeptember30,2025,basedonrecommendationsofNominationandRemunerationCommittee,theBoardapprovedtimebasedgrantsof237,370ESOPstoOtherKMPunderthe |\n| 2015Plan.Thesestockoptionswillvestoveraperiodof4yearsandshallbeexercisablewithintheperiodasapprovedbytheCommittee.Theexercisepriceofthestockoptionswouldbethemarketpriceas on the date of grant. The break-up of employee stock compensation expense is as follows: (in ₹ crore) Particulars Three months ended September 30, Six months ended September 30, 2025 2024 2025 2024 Granted to: |\n| KMP 18 17 35 35 Employees other than KMP 191 164 384 335 Total (1) 209 181 419 370 (1) Cash settled stock compensation expense included in the above 1 3 3 5 |\n| The fair value of the awards are estimated using the Black-Scholes Model for time and non-market performance-based options and Monte Carlo simulation model is used for TSR based options. Theinputstothemodelincludethesharepriceatdateofgrant,exerciseprice,expectedvolatility,expecteddividends,expectedtermandtheriskfreerateofinterest.Expectedvolatilityduringtheexpected termoftheoptionsisbasedonhistoricalvolatilityoftheobservedmarketpricesoftheCompany'spubliclytradedequitysharesduringaperiodequivalenttotheexpectedtermoftheoptions.Expected |\n| volatilityofthecomparativecompanyhavebeenmodelledbasedonhistoricalmovementsinthemarketpricesoftheirpubliclytradedequitysharesduringaperiodequivalenttotheexpectedtermofthe options. Correlation coefficient is calculated between each peer entity and the indices as a whole or between each entity in the peer group. The fair value of each equity settled award is estimated on the date of grant using the following assumptions: Particulars For options granted in Fiscal 2026- Fiscal 2026- Fiscal 2026- Fiscal 2025- Fiscal 2025- Equity Shares- Equity Shares- ADS-ESOP Equity Shares-RSU ADS-RSU RSU ESOP Weighted average share price (₹) / ($ ADS) 1,507 1,554 17.93 1,428 18.09 |\n| Exercise price (₹) / ($ ADS) 5.00 1,554 17.93 5.00 0.07 Expected volatility (%) 23-25 25-28 26-30 21-26 23-28 Expected life of the option (years) 1-4 3-7 3-7 1-4 1-4 Expected dividends (%) 2-3 2-3 2-3 2-3 2-3 Risk-free interest rate (%) 6 6 4 7 4-5 Weighted average fair value as on grant date (₹) / ($ ADS) 1,355 390 4.09 1,311 16.59 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 148, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "595f9ee839000577", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 > Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 149\n\n| Capital Compe Payable Other p Foreign Total current Total other fi (1) Financial li (2) Financial li (3) Financial li (4) Includes du (5) Includes du Accrued expe expenses, over 2.13 TRADE Particulars Outstanding d | creditors (1) nsated absences for acquisition o ayables (1)(5) currency forward other financial li nancial liabilities ability carried at ability carried at ability carried at es to subsidiaries es to subsidiaries nses primarily re seas travel expens PAYABLES ues of micro enter | f business and optio abilities amortized fair value fair value late to co es, office prises and | - Contingent consideration (2) ns contracts (2)(3) cost through profit or loss through other comprehensive income st of technical sub-contractors, telecommunication charges, lega maintenance and cost of third party software and hardware. small enterprises | l and profess September 30 | 256 2,599 20 1,087 479 15,346 17,354 14,160 481 18 67 790 ional c As , 2025 4 | harges, at | brand (In March | 470 2,322 11 1,206 56 14,101 16,092 13,593 54 33 56 962 building ₹ crore) 31, 2025 8 |\n|---|---|---|---|---|---|---|---|---|\n| Outstanding d Total trade pa (1)Includes due 2.14 OTHER Particulars | ues of creditors ot yables s to subsidiaries LIABILITIES | her than m | icro enterprises and small enterprises(1) | September 30 | 2,808 2,812 991 As , 2025 | at | (In March | 2,720 2,728 907 ₹ crore) 31, 2025 |\n| Non-current Others Accrued def Others Total non - cu | ined benefit liabil rrent other liabi | ity lities |  |  | 133 20 153 |  |  | 74 21 95 |\n| Current |  |  |  |  |  |  |  |  |\n| Unearned reve | nue |  |  |  | 7,171 |  |  | 6,713 |\n| Others Withholding | taxes and others |  |  |  | 2,635 |  |  | 2,433 |\n| Accrued def | ined benefit liabil | ity |  |  | 3 |  |  | 3 |\n| Others |  |  |  |  | 10 |  |  | 10 |\n| Total current | other liabilities |  |  |  | 9,819 |  |  | 9,159 |\n| Total other lia | bilities |  |  |  | 9,972 |  |  | 9,254 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 149, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "2dc37a7c8087d4ce", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 > Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 150\n\n| Accounting Policy Aprovisionisrecognizedif,asaresultofapastevent,theCompanyhasapresentlegalorconstructiveobligationthatisreasonablyestimable,anditisprobablethatanoutflowofeconomicbenefitswill |\n|---|\n| berequiredtosettletheobligation.Provisionsaredeterminedbydiscountingtheexpectedfuturecashflowsatapre-taxratethatreflectscurrentmarketassessmentsofthetimevalueofmoneyandthe risks specific to the liability. The Company recognizes a reimbursement asset when, and only when, it is virtually certain that the reimbursement will be received if the Company settles the obligation. a. Post-sales client support TheCompanyprovidesitsclientswithafixed-periodpostsalessupportonitsfixed-price,fixed-timeframecontracts.Costsassociatedwithsuchsupportservicesareaccruedatthetimerelatedrevenues arerecordedintheStatementofProfitandLoss.TheCompanyestimatessuchcostsbasedonhistoricalexperienceandestimatesarereviewedonaperiodicbasisforanymaterialchangesinassumptions and likelihood of occurrence. |\n| b. Onerous contracts ProvisionsforonerouscontractsarerecognizedwhentheexpectedbenefitstobederivedbytheCompanyfromacontractarelowerthantheunavoidablecostsofmeetingthefutureobligationsunderthe contract.Provisionsforestimatedlosses,ifany,onincompletecontractsarerecordedintheperiodinwhichsuchlossesbecomeprobablebasedontheestimatedeffortsorcoststocompletethecontract. Theprovisionismeasuredatthepresentvalueoftheloweroftheexpectedcostofterminatingthecontractandtheexpectednetcostofcontinuingwiththecontract.Beforeaprovisionisestablished,the Company recognizes any impairment loss on the assets associated with that contract. Provision for post-sales client support and other provisions (In ₹ crore) Particulars As at September 30, 2025 March 31, 2025 |\n| Current Others Post-sales client support and other provisions 1,121 993 Total provisions 1,121 993 Provision for post sales client support and other provisions majorly represents costs associated with providing sales support services which are accrued at the time of recognition of revenues and are expected to be utilized over a period of 1 year. |\n| Provision for post sales client support and other provisions is included in cost of sales in the condensed standalone statement of profit and loss. |\n| 2.16 INCOME TAXES Accounting Policy Incometaxexpensecomprisescurrentanddeferredincometax.IncometaxexpenseisrecognizedinnetprofitintheStatementofProfitandLossexcepttotheextentthatitrelatestoitemsrecognized directlyinequity,inwhichcaseitisrecognizedinequityorothercomprehensiveincome.Currentincometaxforcurrentandpriorperiodsisrecognizedattheamountexpectedtobepaidtoorrecovered |\n| fromthetaxauthorities,usingthetaxratesandtaxlawsthathavebeenenactedorsubstantivelyenactedbytheBalanceSheetdate.Deferredincometaxassetsandliabilitiesarerecognizedforall temporarydifferencesarisingbetweenthetaxbasesofassetsandliabilitiesandtheircarryingamountsinthefinancialstatements.Deferredtaxassetsarereviewedateachreportingdateandarereduced to the extent that it is no longer probable that the related tax benefit will be realized. DeferredincometaxassetsandliabilitiesaremeasuredusingtaxratesandtaxlawsthathavebeenenactedorsubstantivelyenactedbytheBalanceSheetdateandareexpectedtoapplytotaxableincome intheyearsinwhichthosetemporarydifferencesareexpectedtoberecoveredorsettled.Theeffectofchangesintaxratesondeferredincometaxassetsandliabilitiesisrecognizedasincomeorexpense intheperiodthatincludestheenactmentorthesubstantiveenactmentdate.Adeferredincometaxassetisrecognizedtotheextentthatitisprobablethatfuturetaxableprofitwillbeavailableagainst |\n| whichthedeductibletemporarydifferencesandtaxlossescanbeutilized.Deferredincometaxesarenotprovidedontheundistributedearningsofsubsidiariesandbrancheswhereitisexpectedthatthe earnings of the subsidiary or branch will not be distributed in the foreseeable future. TheCompanyoffsetscurrenttaxassetsandcurrenttaxliabilities;deferredtaxassetsanddeferredtaxliabilities,whereithasalegallyenforceablerighttosetofftherecognizedamountsandwhereit |\n| intendseithertosettleonanetbasis,ortorealizetheassetandsettletheliabilitysimultaneously.Theincometaxprovisionfortheinterimperiodismadebasedonthebestestimateoftheannualaverage tax rate expected to be applicable for the full financial year. Tax benefits of deductions earned on exercise of employee share options in excess of compensation charged to income are credited to equity. Income tax expense in the condensed Standalone statement of Profit and Loss comprises: (In ₹ crore) Particulars Three months ended September 30, Six months ended September 30, 2025 2024 2025 2024 Current taxes 2,991 2,956 5,752 5,643 Deferred taxes (281) (362) (496) (689) |\n| Income tax expense 2,710 2,594 5,256 4,954 IncometaxexpenseforthethreemonthsendedSeptember30,2025andSeptember30,2024includesreversals(netofprovisions)of₹2croreandprovisions(netofreversals)of₹88crore,respectively. IncometaxexpenseforthesixmonthsendedSeptember30,2025andSeptember30,2024includesprovisions(netofreversals)of₹116croreandprovisions(netofreversals)of₹133crore.These provisionsandreversalspertainingtopriorperiodsareprimarilyonaccountofadjudicationofcertaindisputedmatters,uponfilingoftaxreturnandcompletionofassessments,acrossvarious jurisdictions. Deferred income tax for the three months and six months ended September 30, 2025 and September 30, 2024 substantially relates to origination and reversal of temporary differences. The Company’s Advanced Pricing Arrangement (APA) with the Internal Revenue Service (IRS) for US branch income tax expired in March 2021. The Company has applied for renewal of APA and |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 150, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "9c3cadc0d8fce13f", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 > Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 151\n\n| 2.17 REVENUE FROM OPERATIONS |\n|---|\n| Accounting Policy The Companyderives revenues primarilyfrom ITservices comprisingsoftware development and related services, cloud and infrastructureservices, maintenance, consultingand package implementation, licensingofsoftware products and platformsacross theCompany’s coreand digitalofferings |\n| (together called as “software related services”). Contracts with customers are either on a time-and-material, unit ofwork,fixed-price oron afixed- timeframe basis. Revenuesfromcustomercontractsareconsideredforrecognitionandmeasurementwhenthecontracthasbeenapprovedinwriting,bytheparties,tothe contract,thepartiestocontractarecommittedtoperformtheirrespectiveobligationsunderthecontract,andthecontractislegallyenforceable.Revenue |\n| is recognized upon transfer of control of promised products or services (“performance obligations”) to customers in an amount that reflects the considerationtheCompanyhasreceivedorexpectstoreceiveinexchangefortheseproductsorservices(“transactionprice”).Whenthereisuncertainty as to collectability, revenue recognition is postponed until such uncertainty is resolved. TheCompanyassessestheservicespromisedinacontractandidentifiesdistinctperformanceobligationsinthecontract.TheCompanyallocatesthe transactionpricetoeachdistinctperformanceobligationbasedontherelativestandalonesellingprice.Thepricethatisregularlychargedforanitem whensoldseparatelyisthebestevidenceofitsstandalonesellingprice.Intheabsenceofsuchevidence,theprimarymethodusedtoestimatestandalone |\n| sellingpriceistheexpectedcostplusamargin,underwhichtheCompanyestimatesthecostofsatisfyingtheperformanceobligationandthenaddsan appropriate margin based on similar services. The Company’s contracts may include variable consideration including rebates, volume discounts and penalties. The Company includes variable |\n| considerationaspartoftransactionpricewhenthereisabasistoreasonablyestimatetheamountofthevariableconsiderationandwhenitisprobable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is resolved. Revenueontime-and-materialandunitofworkbasedcontracts,arerecognizedastherelatedservicesareperformed.Fixedpricemaintenancerevenueis recognizedratablyeitheronastraight-linebasiswhenservicesareperformedthroughanindefinitenumberofrepetitiveactsoveraspecifiedperiodor ratablyusingapercentageofcompletionmethodwhenthepatternofbenefitsfromtheservicesrenderedtothecustomerandCompany’scoststofulfil thecontractisnoteventhroughtheperiodofcontractbecausetheservicesaregenerallydiscreteinnatureandnotrepetitive.Revenuefromotherfixed- price,fixed-timeframecontracts,wheretheperformanceobligationsaresatisfiedovertimeisrecognizedusingthepercentage-of-completionmethod. Effortsorcostsexpendedareusedtodetermineprogresstowardscompletionasthereisadirectrelationshipbetweeninputandproductivity.Progress |\n| towardscompletionismeasuredastheratioofcostsoreffortsincurredtodate(representingworkperformed)totheestimatedtotalcostsorefforts. Estimatesoftransactionpriceandtotalcostsoreffortsarecontinuouslymonitoredoverthetermofthecontractsandarerecognizedinnetprofitinthe periodwhentheseestimateschangeorwhentheestimatesarerevised.Revenuesandtheestimatedtotalcostsoreffortsaresubjecttorevisionasthe contractprogresses.Provisionsforestimatedlosses,ifany,onincompletecontractsarerecordedintheperiodinwhichsuchlossesbecomeprobable based on the estimated efforts or costs to complete the contract. Thebillingschedulesagreedwithcustomersincludeperiodicperformancebasedbillingand/ormilestonebasedprogressbillings.Revenuesinexcessof |\n| billing are classified as unbilled revenue while billing in excess of revenues are classified as contract liabilities (which we refer to as \"unearned revenues\"). Inarrangementsforsoftwaredevelopmentandrelatedservicesandmaintenanceservices,byapplyingtherevenuerecognitioncriteriaforeachdistinct performance obligation, the arrangements with customers generally meet the criteria for considering software development and related services as distinctperformanceobligations.Forallocatingthetransactionprice,theCompanymeasurestherevenueinrespectofeachperformanceobligationofa |\n| contractatitsrelativestandalonesellingprice.Thepricethatisregularlychargedforanitemwhensoldseparatelyisthebestevidenceofitsstandalone sellingprice.IncaseswheretheCompanyisunabletodeterminethestandalonesellingprice,theCompanyusestheexpectedcostplusmarginapproach inestimatingthestandalonesellingprice.Forsoftwaredevelopmentandrelatedservices,theperformanceobligations aresatisfied asand whenthe services are rendered since the customer generally obtains control of the work as it progresses. Certaincloudandinfrastructureservicescontractsincludemultipleelementswhichmaybesubjecttootherspecificaccountingguidance,suchasleasing guidance.Thesecontractsareaccountedinaccordancewithsuchspecificaccountingguidance.InsucharrangementswheretheCompanyisableto determinethathardwareandservicesaredistinctperformanceobligations,itallocatestheconsiderationtotheseperformanceobligationsonarelative |\n| standalonesellingpricebasis.Intheabsenceofstandalonesellingprice,theCompanyusestheexpectedcost-plusmarginapproachinestimatingthe standalonesellingprice.Whensucharrangementsareconsideredasasingleperformanceobligation,revenueisrecognizedovertheperiodandmeasure of progress is determined based on promise in the contract. Revenuefromlicenseswherethecustomerobtainsa“righttouse”thelicensesisrecognizedatthetimethelicenseismadeavailabletothecustomer. |\n| Revenue from licenses where the customer obtains a “right to access” is recognized over the access period. Arrangements to deliver software products generally have three elements: license, implementation and Annual Technical Services (ATS). When implementationservicesareprovidedinconjunctionwiththelicensingarrangementandthelicenseandimplementationhavebeenidentifiedastwo distinctseparateperformanceobligations,thetransactionpriceforsuchcontractsareallocatedtoeachperformanceobligationofthecontractbasedon theirrelativestandalonesellingprices.Intheabsenceofstandalonesellingpriceforimplementation,theCompanyusestheexpectedcostplusmargin approachinestimatingthestandalonesellingprice.Wherethelicenseisrequiredtobesubstantiallycustomizedaspartoftheimplementationservicethe |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 151, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ab2cbca753bae0e3", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 > Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 152\n\n| whetheritobtainscontrolofthespecifiedgoodsorservicesbeforetheyaretransferredtothecustomer.TheCompanyconsiderswhetheritisprimarily responsibleforfulfillingthepromisetoprovidethespecifiedgoodsorservices,inventoryrisk,pricingdiscretionandotherfactorstodeterminewhether it controls the specified goods or services and therefore, is acting as a principal or an agent. Acontractmodificationisachangeinthescopeorpriceorbothofacontractthatisapprovedbythepartiestothecontract.Acontractmodificationthat results in the addition ofdistinct performance obligations are accounted for either as a separate contract ifthe additionalservices are priced at the |\n|---|\n| standalonesellingpriceorasaterminationoftheexistingcontractandcreationofanewcontractiftheyarenotpricedatthestandalonesellingprice.If the modification does not result in a distinct performance obligation, it is accounted for as part of the existing contract on a cumulative catch-up basis. Theincrementalcostsofobtainingacontract(i.e.,coststhatwouldnothavebeenincurredifthecontracthadnotbeenobtained)arerecognizedasan |\n| asset if the Company expects to recover them. Certain eligible, nonrecurring costs (e.g. set-up or transition or transformation costs) that do not represent a separate performance obligation are recognizedasanassetwhensuchcosts(a)relatedirectlytothecontract;(b)generateorenhanceresourcesoftheCompanythatwillbeusedinsatisfying |\n| the performance obligation in the future; and (c) are expected to be recovered. Capitalizedcontractcostsrelatingtoupfrontpaymentstocustomersareamortizedtorevenueandothercapitalizedcostsareamortizedtoexpensesover therespectivecontractlifeonasystematicbasisconsistentwiththetransferofgoodsorservicestocustomertowhichtheassetrelates.Capitalizedcosts |\n| aremonitoredregularlyforimpairment.Impairmentlossesarerecordedwhenpresentvalueofprojectedremainingoperatingcashflowsisnotsufficient to recover the carrying amount of the capitalized costs. The Company presents revenues net of indirect taxes in its Statement of Profit and Loss. Revenue from operations for the three months and six months ended September 30, 2025 and September 30, 2024 is as follows: |\n| (In ₹ crore) Particulars Three months ended September 30, Six months ended September 30, 2025 2024 2025 2024 Revenue from software services 36,664 34,000 71,683 67,017 |\n| Revenue from products and platforms 243 257 499 523 Total revenue from operations 36,907 34,257 72,182 67,540 Thepercentageofrevenuefromfixed-pricecontractsforeachofthethreemonthsendedSeptember30,2025andSeptember30,2024is57%.The |\n| percentage of revenue from fixed-price contracts for the six months ended September 30, 2025 and September 30, 2024 is 58% and 57%, respectively. |\n| Trade receivables and Contract Balances The timing of revenue recognition, billings and cash collections results in receivables, unbilled revenue, and unearned revenue on the Company’s BalanceSheet.Amountsarebilledasworkprogressesinaccordancewithagreed-uponcontractualterms,eitheratperiodicintervals(e.g.,monthlyor |\n| quarterly) or upon achievement of contractual milestones. TheCompany’sreceivablesarerightstoconsiderationthatareunconditional. Unbilledrevenuescomprisingrevenuesinexcessofbillingsfromtime |\n| andmaterialcontractsandfixedpricemaintenancecontractsareclassifiedasfinancialassetwhentherighttoconsiderationisunconditionalandisdue only after a passage of time. Invoicingtotheclientsforotherfixedpricecontractsisbasedonmilestonesasdefinedinthecontractandthereforethetimingofrevenuerecognitionis differentfromthetimingofinvoicingtothecustomers.Thereforeunbilledrevenuesforotherfixedpricecontracts(contractasset)areclassifiedasnon- |\n| financial asset because the right to consideration is dependent on completion of contractual milestones. Invoicing in excess of earnings are classified as unearned revenue. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 152, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "58653660d818b4cc", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 > Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 153\n\n| 2.18 OTHER INCOME, NET |\n|---|\n| 2.18.1 Other income Accounting Policy Otherincomeiscomprisedprimarilyofinterestincome,dividendincome,gain/lossoninvestmentsandexchangegain/lossonforwardandoptionscontractsandon |\n| translationofforeigncurrencyassetsandliabilities.Interestincomeisrecognizedusingtheeffectiveinterestmethod.Dividendincomeisrecognizedwhentherightto receive payment is established. |\n| 2.18.2 Foreign currency Accounting Policy |\n| Functional currency |\n| The functional currency of the Company is the Indian rupee. These financial statements are presented in Indian rupees (rounded off to crore; one crore equals ten million). |\n| Transactions and translations Foreign-currencydenominatedmonetaryassetsandliabilitiesaretranslatedintotherelevantfunctionalcurrencyatexchangeratesineffectattheBalanceSheetdate.The gainsorlossesresultingfromsuchtranslationsarerecognizedinthecondensedstandaloneStatementofProfitandLossandreportedwithinexchangegains/(losses)on translationofassetsandliabilities,net,exceptwhendeferredinOtherComprehensiveIncomeasqualifyingcashflowhedges.Non-monetaryassetsandnon-monetary |\n| liabilitiesdenominatedinaforeigncurrencyandmeasuredatfairvaluearetranslatedattheexchangerateprevalentatthedatewhenthefairvaluewasdetermined.Non- monetaryassetsandnon-monetaryliabilitiesdenominatedinaforeigncurrencyandmeasuredathistoricalcostaretranslatedattheexchangerateprevalentatthedateofthe transaction. The related revenue and expense are recognized using the same exchange rate. Transactiongainsorlossesrealizeduponsettlementofforeigncurrencytransactionsareincludedindeterminingnetprofitfortheperiodinwhichthetransactionissettled. |\n| Revenue,expenseandcash-flowitemsdenominatedinforeigncurrenciesaretranslatedintotherelevantfunctionalcurrenciesusingtheexchangerateineffectonthedateof the transaction. OtherComprehensiveIncome,netoftaxesincludestranslationdifferencesonnon-monetaryfinancialassetsmeasuredatfairvalueatthereportingdate,suchasequities |\n| classified as financial instruments and measured at fair value through other comprehensive income (FVOCI). |\n| Government grant TheCompanyrecognizesgovernmentgrantsonlywhenthereisreasonableassurancethattheconditionsattachedtothemshallbecompliedwith,andthegrantswillbe received.GovernmentgrantsrelatedtoassetsaretreatedasdeferredincomeandarerecognizedinthenetprofitintheStatementofProfitandLossonasystematicand |\n| rationalbasisovertheusefullifeoftheasset.GovernmentgrantsrelatedtorevenuearerecognizedonasystematicbasisinthenetprofitintheStatementofProfitandLoss over the periods necessary to match them with the related costs which they are intended to compensate. Other income for the three months and six months ended September 30, 2025 and September 30, 2024 is as follows: (In ₹ crore) Particulars Three months ended September 30, Six months ended September 30, 2025 2024 2025 2024 Interest income on financial assets carried at amortized cost Tax free bonds and government bonds 16 31 42 61 Deposit with Bank and others 362 255 707 486 Interest income on financial assets carried at fair value through other comprehensive income Non-convertible debentures, commercial papers, certificates of deposit and |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 153, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "c912334959ae22eb", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 > Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 154\n\n| ofemploymentwiththeCompany.TheCompanycontributesGratuityliabilitiestotheInfosysLimitedEmployees'GratuityFundTrust(theTrust).Trusteesadminister contributions made to the Trusts and contributions are invested in a scheme with the Life Insurance Corporation of India as permitted by Indian law. TheCompanyoperatesdefinedbenefitpensionplanincertainoverseasjurisdictions,inaccordancewiththelocallaws.Theseplansaremanagedbythirdpartyfund |\n|---|\n| managers.Theplansprovideforperiodicpayoutsafterretirementand/orforalumpsumpaymentassetoutinrulesofeachfundandincludesdeathanddisabilitybenefits. The defined benefit plans require contributions which are based on a percentage of salary that varies depending on the age of the respective employees. Liabilitieswithregardtothesedefinedbenefitplansaredeterminedbyactuarialvaluation,performedbyanexternalactuary,ateachBalanceSheetdateusingtheprojected |\n| unit credit method. These defined benefit plans expose the Company to actuarial risks, such as longevity risk, interest rate risk and market risk. TheCompanyrecognizesthenetobligationofadefinedbenefitplaninitsBalanceSheetasanassetorliability.Gainsandlossesthroughre-measurementsofthenetdefined benefitliability/(asset)arerecognizedinothercomprehensiveincomeandarenotreclassifiedtoprofitorlossinsubsequentperiods.Theactualreturnoftheportfolioofplan |\n| assets,inexcessoftheyieldscomputedbyapplyingthediscountrateusedtomeasurethedefinedbenefitobligationisrecognizedinothercomprehensiveincome.Theeffect of any plan amendments is recognized in net profit in the Statement of Profit and Loss. |\n| 2.19.2 Provident fund Eligible employees of Infosys receive benefits from a provident fund, which is a defined benefit plan. Both the eligible employee and the Company make monthly contributions totheprovidentfund plan equaltoaspecified percentageofthecovered employee's salary. TheCompanycontributes aportion tothe Infosys Limited |\n| Employees'ProvidentFundTrust.ThetrustinvestsinspecificdesignatedinstrumentsaspermittedbyIndianlaw.Theremainingportioniscontributedtothegovernment administeredpensionfund.TherateatwhichtheannualinterestispayabletothebeneficiariesbythetrustisbeingadministeredbytheGovernmentofIndia.TheCompany has an obligation to make good the shortfall, if any, between the return from the investments of the Trust and the notified interest rate. |\n| 2.19.3 Superannuation CertainemployeesofInfosysareparticipantsinadefinedcontributionplan.TheCompanyhasnofurtherobligationstothePlanbeyonditsmonthlycontributionswhichare |\n| periodically contributed to a trust fund, the corpus of which is invested with the Life Insurance Corporation of India. |\n| 2.19.4 Compensated absences TheCompanyhas apolicyon compensated absences which areboth accumulatingand non-accumulatingin nature. Theexpected costof accumulatingcompensated absencesisdeterminedbyactuarialvaluationperformedbyanexternalactuaryateachBalanceSheetdateusingprojectedunitcreditmethodontheadditionalamount expectedtobepaid/availedasaresultoftheunusedentitlementthathasaccumulatedattheBalanceSheetdate.Expenseonnon-accumulatingcompensatedabsencesis recognized in the period in which the absences occur. (In ₹ crore) Particulars Three months ended September 30, Six months ended September 30, 2025 2024 2025 2024 Employee benefit expenses Salaries including bonus 17,176 16,079 33,962 31,830 Contribution to provident and other funds 576 508 1,151 1,018 Share based payments to employees (Refer to note 2.11) 209 181 419 370 Staff welfare 113 96 214 141 18,074 16,864 35,746 33,359 Cost of software packages and others For own use 530 484 1,053 946 Third party items bought for service delivery to clients 1,764 1,896 3,458 3,551 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 154, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "e04bd90dfce1b451", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 > Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 155\n\n| 2.20 | EARNINGS PER EQUITY SHARE |  |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|\n| Acco Basic outsta avera | unting Policy earningsperequityshareiscomputedbydividi ndingduringtheperiod.Dilutedearningspereq genumberofequitysharesconsideredforderivi | ngthenetprof uityshareisc ngbasicearnin | itattributa omputedb gsperequ | bletothe ydividing itysharea | equityholdersof thenetprofitatt ndalsotheweigh | theCompanyb ributabletothe tedaveragenum | ytheweighted equityholders berofequitysh | averagenumberofequityshares oftheCompanybytheweighted aresthatcouldhavebeenissued |\n| upon fairv at a la Then | conversionofalldilutivepotentialequityshares. alue(i.e.theaveragemarketvalueoftheoutstand ter date. Dilutive potential equity shares are deter umberofequitysharesandpotentiallydilutiveeq | Thedilutivepo ingequityshare mined indepen uitysharesare | tentialequ s).Dilutiv dently for e adjustedr | itysharesa epotential ach period etrospectiv | readjustedforthe equitysharesare presented. elyforallperiods | proceedsreceiv deemedconverte presentedfora | ablehadtheequ dasatthebegi nysharesplitsa | itysharesbeenactuallyissuedat nningoftheperiod,unlessissued ndbonussharesissuesincluding |\n| for ch | anges effected prior to the approval of the financi | al statements b | y the Boar | d of Direct | ors. |  |  |  |\n| 2.21 | CONTINGENT LIABILITIES AND COMMI | TMENTS |  |  |  |  |  |  |\n| Acco Conti future resou Parti Conti Claim | unting Policy ngentliabilityisapossibleobligationarisingfrom eventsnotwhollywithinthecontroloftheentit rces embodying economic benefits will be require culars ngent liabilities: s against the Company, not acknowledged as deb | pasteventsan yorapresento d to settle the o ts(1) | dwhosee bligationt bligation o | xistencew hatarisesf r the amo | illbeconfirmedo rompasteventsb unt of the obligatio | nlybytheoccurr utisnotrecogni n cannot be mea | enceornon-occ zedbecauseiti sured with suffi Septemb | urrenceofoneormoreuncertain snotprobablethatanoutflowof cient reliability. (In ₹ crore) As at er 30, 2025 March 31, 2025 1,781 1,772 |\n| [Amo Com Estim (net o Other * Unc (1)A ₹1,29 Thec ofiss | unt paid to statutory authorities ₹834 crore (₹3,81 mitments: ated amount of contracts remaining to be execute f advances and deposits)(2) Commitments* alled capital pertaining to investments satSeptember30,2025andMarch31,2025,cl 0 crore, respectively. laimsagainsttheCompanyprimarilyrepresentde uesofdisallowanceofexpendituretowardssoft | 5 crore)] d on capital con aimsagainstth mandsarising warebeingheld | tracts and eCompan oncomple ascapital | not provid ynotackn tionofass innature, | ed for owledgedasdebts essmentproceedin paymentsmadet | inrespectofin gsundertheInc oAssociatedEn | cometaxmatte omeTaxAct,1 terpriseshelda | 1,050 868 26 27 rsamountedto₹1,341croreand 961.Theseclaimsareonaccount sliableforwithholdingoftaxes, |\n| amon ultima Amou | gothers.Thesemattersarependingbeforevariou te resolution and will not have a material adverse nt paid to statutory authorities against the tax clai | sIncomeTaxA effect on the C ms amounted t | uthorities ompany fi o ₹826 cro | andtheM nancial po re and ₹3, | anagementincludi sition and results o 810 crore as at Se | ngitstaxadviso f operations. ptember 30, 202 | rsexpectthatits 5 and March 31 | positionwilllikelybeupheldon , 2025, respectively. |\n| (2) Ca Legal Gove TheU | pital contracts primarily comprises of commitment Proceedings rnment Investigation .S.DepartmentofJustice(“DOJ”)isconducting | s for infrastruc aninvestigati | ture facilit onregardi | ies and co nghowthe | mputer equipments Companyclassifi | . edcertainH-1B | visa-recipiente | mployeesworkingforoneofits |\n| client hasco mater Othe Apart | sinimmigrationdocumentsfiledwithcertainU.S mmenceditsowninquiryregardingthematter. A ial adverse effect on the Company’s business and rs fromtheforegoing,theCompanyissubjectto | .governmenta tthisstage,th results of oper legalproceed | uthorities. eCompany ations. ingsandc | TheCom isunable laims,wh | panyisengagedin topredicttheoutc ichhavearisenin | discussionswith omeofthismatt theordinaryc | theDOJregard er,includingwh ourseofbusine | ingitsongoinginvestigationand ethersuchoutcomecouldhavea ss.TheCompany’smanagement |\n| reaso opera | nablyexpectsthatsuchordinarycourselegalactio tions or financial condition. | ns,whenultim | atelyconcl | udedand | determined,mayn | othaveamateria | landadversee | ffectontheCompany’sresultsof |\n| 2.22 Refer Chan Durin | RELATED PARTY TRANSACTIONS to the Company's Annual Report for the year end ges in Subsidiaries g the six months ended September 30, 2025, the f - Infosys Energy Consulting Services LLC , - Infosys Saudi Arabia LLC, a wholly-owne - Infosys Australia Technology Service Pty - On April 30, 2025, Infosys Nova Holding Ltd along with its subsidiary MRE Techno | ed March 31, 2 ollowing are th a wholly-owne d subsidiary of Ltd, a wholly-o s LLC , a wholl logy Services, | 025 for th e changes d subsidia Infosys Li wned subs y-owned s LLC. The | e full name in the subs ry of Infos mited was idiary of I ubsidiary o remaining | s and other details idiaries: ys Nova Holdings incorporated on A nfosys Singapore P f Infosys Limited, 1.79% was acquir | of the Company LLC was incorp pril 21, 2025. te. Limited was acquired 98.21 ed by Infosys En | 's subsidiaries a orated on April incorporated on % of partnership ergy Consulting | nd controlled trusts. 16, 2025. April 23, 2025. interests in MRE Consulting Services LLC , a Wholly-owned |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 155, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "df13c3cbe7121b03", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: for the three months and six months ended September 30, 2025 > Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 156\n\n| course of business. |\n|---|\n| Transactions with key management personnel The table below describes the compensation to key management personnel which comprise directors and executive officers: (In ₹ crore) Particulars Three months ended September 30, Six months ended September 30, |\n| 2025 2024 2025 2024 Salaries and other short term employee benefits to whole-time directors and executive 3 0 2 8 6 0 5 6 officers(1)(2) Commission and other benefits to non-executive / independent directors 5 5 9 9 |\n| Total 3 5 3 3 6 9 6 5 ⁽¹⁾TotalemployeestockcompensationexpenseforthethreemonthsendedSeptember30,2025andSeptember30,2024includesachargeof ₹18croreand₹17crore, respectively,towardskeymanagementpersonnel.ForthesixmonthsendedSeptember30,2025andSeptember30,2024,includesachargeof₹35croreand₹35crore |\n| respectively, towards key management personnel. (Refer to note 2.11). (2)Does not include post-employment benefits and other long-term benefits based on actuarial valuation as these are done for the Company as a whole. |\n| 2.23 SEGMENT REPORTING TheCompanypublishesthisfinancialstatementalongwiththeinterimcondensedconsolidatedfinancialstatements.InaccordancewithIndAS108,OperatingSegments,the |\n| Company has disclosed the segment information in the interim condensed consolidated financial statements. |\n| for and on behalf of the Board of Directors of Infosys Limited Nandan M. Nilekani Salil Parekh Bobby Parikh Chairman Chief Executive Officer Director |\n| DIN: 00041245 and Managing Director DIN: 00019437 DIN: 01876159 Jayesh Sanghrajka A.G.S. Manikantha |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 156, "section": "for the three months and six months ended September 30, 2025", "subsection": "Condensed Standalone Financial Statements \nunder Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "7b7e417aa2ed53c1", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 160\n\n|  | for the t | hree months and six months ended September 30, 2025 |\n|---|---|---|\n| ex |  | Page N |\n| dens | ed Consolidated | Balance Sheet ……………………………………………………………………………………………1… |\n| dens | ed Consolidated | Statement of Profit and Loss ………………………………………………………………………………2 |\n| dens | ed Consolidated | Statement of Changes in Equity …………………………………………………………………………3… |\n| dens | ed Consolidated | Statement of Cash Flows …………………………………………………………………………………5… |\n| rvie verv | w and Notes to iew | the Interim Condensed Consolidated Financial Statements |\n| 1.1 C | ompany overvi | ew …………………………………………………………………………………………………………7… |\n| 1.2 B | asis of prepara | tion of financial statements …………………………………………………………………………………7 |\n| 1.3 B | asis of consolid | ation ………………………………………………………………………………………………………7… |\n| 1.4 U | se of estimates | and judgments ……………………………………………………………………………………………7… |\n| 1.5 C otes | ritical accounti to the Interim | ng estimates and judgments…………………………………………………………………… 7 Condensed Consolidated Financial Statements |\n| 2.1 B | usiness Combi | nations ………………………………………………………………………………………… 9 |\n| 2.2 P | roperty, plant a | nd equipment ………………………………………………………………………………………………10… |\n| 2.3 G | oodwill and int | angible assets………………………………………………………………………………………………12… |\n| 2.4 I | nvestments …… | ……………………………………………………………………………………………………………13… |\n| 2.5 L | oans ………… | ……………………………………………………………………………………………………………1…4 |\n| 2.6 O | ther financial a | ssets ………………………………………………………………………………………………………1…4 |\n| 2.7 T | rade receivable | s ……………………………………………………………………………………………………………14… |\n| 2.8 C | ash and cash e | quivalents …………………………………………………………………………………………………1…5 |\n| 2.9 O | ther assets … | ………………………………………………………………………………………………………………15… |\n| 2.10 | Financial instru | ments ………………………………………………………………………………………………………16… |\n| 2.11 | Equity ……… | ………………………………………………………………………………………………………………20… |\n| 2.12 | Other financial | liabilities …………………………………………………………………………………………………2…4 |\n| 2.13 | Other liabilities | ……………………………………………………………………………………………………………2…5 |\n| 2.14 | Provisions …… | ……………………………………………………………………………………………………………2…5 |\n| 2.15 | Income taxes … | ……………………………………………………………………………………………………………26… |\n| 2.16 | Revenue from | operations …………………………………………………………………………………………………2…7 |\n| 2.17 | Other income, | net …………………………………………………………………………………………………………2…9 |\n| 2.18 | Expenses …… | ……………………………………………………………………………………………………………3…0 |\n| 2.19 | Leases ……… | ………………………………………………………………………………………………………………31… |\n| 2.20 | Earnings per eq | uity share …………………………………………………………………………………………………3…3 |\n| 2.21 | Contingent liab | ilities and commitments ……………………………………………………………………………… 33 |\n| 2.22 | Related party tr | ansactions …………………………………………………………………………………………………35… |\n| 2.23 | Segment report | ing …………………………………………………………………………………………………………36… |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 160, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "653985b7240d7fca", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 161\n\n| Other intangible a Financial assets Investments Loans Other financial Deferred tax asse Income tax assets Other non-curren Total non-curren Current assets Financial assets Investments Trade receivab Cash and cash | ssets assets ts (net) (net) t assets t assets les equivalents |  |  | 2.4 2.5 2.6 2.9 2.4 2.7 2.8 | 3,168 10,879 9 3,769 1,526 2,006 2,644 54,613 12,606 33,968 31,832 |  | 2,766 11,059 16 3,511 1,108 1,622 2,713 51,804 12,482 31,158 24,455 |\n|---|---|---|---|---|---|---|---|\n| Loans Other financial Income tax assets Other current ass Total current as Total assets EQUITY AND L Equity Equity share capi | assets (net) ets sets IABILITIES tal |  |  | 2.5 2.6 2.9 2.11 | 243 14,927 26 12,165 105,767 160,380 2,074 |  | 249 13,840 2,975 11,940 97,099 148,903 2,073 |\n| Other equity Total equity attr Non-controlling i Total equity Liabilities Non-current liab Financial Liabilit Lease liabilitie | ibutable to equity holders of the nterests ilities ies s | Company |  | 2.19 | 101,256 103,330 414 103,744 5,983 |  | 93,745 95,818 385 96,203 5,772 |\n| Other financial Deferred tax liabi Other non-curren Total non-curren Current liabilitie Financial Liabilit Lease liabilitie Trade payables Other financial Other current liab Provisions Income tax liabili | liabilities lities (net) t liabilities t liabilities s ies s liabilities ilities ties (net) |  |  | 2.12 2.13 2.19 2.12 2.13 2.14 | 2,320 1,688 247 10,238 2,772 3,839 20,074 12,488 1,632 5,593 |  | 2,141 1,722 215 9,850 2,455 4,164 18,138 11,765 1,475 4,853 |\n| Total current lia Total equity and The accompanyin As per our report for Deloitte Hask Chartered Accou Firm’s Registrati 117366W/ W-10 Vikas Bagaria Partner | bilities liabilities g notes form an integral part of th of even date attached ins & Sells LLP ntants on No : 0018 | e interim condensed consolidated financial statement for and on behalf of the Board of Directors of Infosys Nandan M. Nilekani Chairman | s Limited Salil Pare Chief Exe | kh cutive Officer | 46,398 160,380 | Bobby Parikh Director | 42,850 148,903 |\n| Membership No. Bengaluru October 16, 2025 | 060408 | DIN: 00041245 Jayesh Sanghrajka | and Man DIN: 018 A.G.S. M | aging Director 76159 anikantha |  | DIN: 00019437 |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 161, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "84c6728530775bc9", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 162\n\n| INFOSYS LI Condensed Con | MITED AND solidated Statem | SUBSIDIA ent of Profit | RIES and Loss for the No | te N | o. Thr | (In ₹ c ee months ended S 2025 | rore, except equity eptember 30, Si 2024 | share and per equi x months ended Se 2025 | ty share data) ptember 30, 2024 |\n|---|---|---|---|---|---|---|---|---|---|\n| Revenue from o Other income, n Total income Expenses Employee benef Cost of technica Travel expenses Cost of software Communication Consultancy and Depreciation and | perations et it expenses l sub-contractors packages and oth expenses professional cha amortization exp | ers rges enses |  | 2.16 2.17 2.18 2.18 |  | 44,490 982 45,472 23,438 3,879 539 4,025 160 480 1,182 | 40,986 712 41,698 21,564 3,190 458 3,949 169 451 1,160 | 86,769 2,024 88,793 46,284 7,376 1,055 7,771 303 943 2,323 | 80,300 1,551 81,851 42,498 6,359 936 7,404 316 895 2,310 |\n| Finance cost Other expenses Total expenses Profit before ta Tax expense: Current tax Deferred tax Profit for the p Other compreh Items that will n Remeasurement Equity instrume Items that will b | x eriod ensive income ot be reclassified of the net defined nts through other e reclassified sub | subsequently t benefit liabili comprehensive sequently to pr | o profit or loss ty/asset, net income, net ofit or loss | 2.18 2.15 2.15 |  | 106 1,434 35,243 10,229 3,178 (324) 7,375 (38) (8) (46) | 108 1,396 32,445 9,253 3,146 (409) 6,516 78 (9) 69 | 211 2,557 68,823 19,970 6,232 (562) 14,300 (108) 27 (81) | 214 2,645 63,577 18,274 6,144 (760) 12,890 98 5 103 |\n| Fair value chang Exchange differ Fair value chang Total other com Total comprehe | es on derivatives ences on translati es on investments prehensive inco nsive income for | designated as on of foreign o , net me /(loss), net the period | cash flow hedge, net perations of tax |  |  | — 862 (34) 828 782 | (21) 560 86 625 694 | 6 1,881 89 1,976 1,895 | (24) 456 126 558 661 |\n| Profit attributa Owners of the Non-controlli Total comprehe Owners of the Non-controlli Earnings per eq Equity shares of Basic (₹) | ble to: Company ng interests nsive income att Company ng interests uity share par value ₹5/- ea | ributable to: ch |  |  |  | 8,157 7,364 11 7,375 8,140 17 8,157 17.76 | 7,210 6,506 10 6,516 7,190 20 7,210 15.71 | 16,195 14,285 15 14,300 16,165 30 16,195 34.47 | 13,551 12,874 16 12,890 13,527 24 13,551 31.09 |\n| Diluted (₹) Weighted averag Basic (in sh Diluted (in The accompanyi As per our repor for Deloitte Has Chartered Accou Firm’s Registrati 117366W/ W-10 Vikas Bagaria Partner | e equity shares u ares) shares) ng notes form an t of even date att kins & Sells LLP ntants on No : 0018 | sed in computi integral part o ached | ng earnings per equity share f the interim condensed consolidated fi for and on behalf of t Nandan M. Nilekani Chairman | 2.20 2.20 nanci he Bo | al statemen ard of Dire Salil Parekh Chief Execu | 17.74 4,145,208,267 4,151,315,578 ts ctors of Infosys Lim tive Officer | 15.68 4,141,806,535 4,150,537,764 ited B D | 34.41 4,144,593,296 4,151,441,800 obby Parikh irector | 31.02 4,141,043,772 4,150,210,087 |\n| Membership No Bengaluru October 16, 202 | . 060408 5 |  | DIN: 00041245 Jayesh Sanghrajka |  | and Manag DIN: 01876 A.G.S. Man | ing Director 159 ikantha | D | IN: 00019437 |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 162, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "427be389c07d5716", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 164\n\n| Total C Shares is Employe Transfer Transfer Income t Financia Changes Dividen Dividen Transfer Transfer earnings Transfer Balance * Net of (1)Net of (2)TheS Tax Act, (3) | omprehensive income f sued on exercise of empl e stock compensation ex red on account of exercis red on account of options ax benefit arising on exe l liability under option ar in the controlling stake o ds (1) ds paid to non controlling red to Special Economic red from Special Econom red from Special Econom as at September 30, 20 tax treasury shares pecialEconomicZoneR 1961. | or the period oyee stock options (R pense (Refer to Note e of stock options (R not exercised rcise of stock options rangements f a subsidiary interest of subsidiar Zone Re-investment ic Zone Re-investme ic Zone Re-investme 25 e-investmentReserve | efer to Note 2.11) efer to Note 2 y reserve nt reserve to nt reserve on hasbeencr | 2.11) .11) retained utilization eatedoutofthepro | — 1 — — — — — — — — — — — 2,074 fitofeligibleS | — — — — — — — — — — — — — 54 EZunitsin | — — — — — — — — — — — — — 169 termsofthepr | — — — 221 — — — — — — — — — 1,312 ovisionsofSe | 14,285 — — — — — (10) 7 (9,119) — — 2,215 408 86,413 c10AA(1)(ii) | — — — — 62 — — — — — — — — 1,474 ofIncomeTaxA | — — 463 (221) (62) 5 — — — — — — — 1,253 ct,1961.Theres | — — — — — — — — — — — (2,215) (408) 5,675 erveshould | beutilizedbyth | — — — — — — — — — — — — — 24 eGroupforac | 27 — — — — — — — — — — — — 312 quiringnewplantand | 1,866 — — — — — — — — — — — — 4,770 machineryforthe | 6 — — — — — — — — — — — — (12) purposeofitsb | (19) — — — — — — — — — — — — (188) usinessinth | 16,165 1 463 — — 5 (10) 7 (9,119) — — — — 103,330 etermsoftheS | 30 16 — — — — — — 2 — (9, (3) — — — 414 103 ec10AA(2)oftheInc | ,195 1 463 — — 5 (10) 9 119) (3) — — — ,744 ome |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| Under The acco As per o for Delo | the Swiss Code of Oblig mpanying notes form an ur report of even date at itte Haskins & Sells LLP | ation, few subsidiari integral part of the tached | es of Infosys interim cond | Consulting are req ensed consolidated | uired to approp financial statem | riate a cer ents. | tain percentage fo | of the annual r and on beha | profit to legal lf of the Board | reserve which m of Directors of I | ay be used only nfosys Limited | to cover los | ses or for measu | res designed to | sustain the Company t | hrough difficult ti | mes, to prevent u | nemploymen | t or to mitigate | its consequences. |  |\n| Chartere Firm’s R 117366 Vikas B Partner | d Accountants egistration No : W/ W-100018 agaria |  |  |  |  |  | N C | andan M. Nil hairman | ekani |  |  |  | Salil Parekh Chief Executive | Officer |  |  | Bobb Direc | y Parikh tor |  |  |  |\n| Membe Bengalu October | rship No. 060408 ru 16, 2025 |  |  |  |  |  | D Ja | IN: 0004124 yesh Sanghra | 5 jka |  |  |  | and Managing DIN: 01876159 A.G.S. Manika | Director ntha |  |  | DIN: | 00019437 |  |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 164, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "9ff51454ad8cc4d0", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 165\n\n| Cashflowsarereportedusingtheindirectmethod,wherebyprofitfortheperiodisadjustedfortheeffectsoftransactionsofanon-cashnature,any |\n|---|\n| deferralsoraccrualsofpastorfutureoperatingcashreceiptsorpaymentsanditemofincomeorexpensesassociatedwithinvestingorfinancingcash |\n| flows. The cash flows from operating, investing and financing activities of the Group are segregated. The Group considers all highly liquid |\n| investments that are readily convertible to known amounts of cash to be cash equivalents. |\n| (In ₹ crore) |\n| Particulars Note No. Six months ended September 30, |\n| 2025 2024 |\n| Cash flow from operating activities |\n| Profit for the period 14,300 12,890 |\n| Adjustments to reconcile net profit to net cash provided by operating |\n| activities: |\n| Income tax expense 2.15 5,670 5,384 |\n| Depreciation and amortization 2,323 2,310 |\n| Interest and dividend income (1,554) (1,257) |\n| Finance cost 211 214 |\n| Impairment loss recognized / (reversed) under expected credit loss model 34 95 |\n| Exchange differences on translation of assets and liabilities, net 573 (298) |\n| Stock compensation expense 471 420 |\n| Provision for post sale client support (97) 26 |\n| Other adjustments 658 876 |\n| Changes in assets and liabilities |\n| Trade receivables and unbilled revenue (4,395) (2,735) |\n| Loans, other financial assets and other assets (175) (233) |\n| Trade payables (451) (147) |\n| Other financial liabilities, other liabilities and provisions 2,939 1,078 |\n| Cash generated from operations 20,507 18,623 |\n| Income taxes (paid) / received (2,996) (2,165) |\n| Net cash generated by operating activities 17,511 16,458 |\n| Cash flows from investing activities Expenditure on property, plant and equipment and intangibles |\n| (1,352) (968) Deposits placed with corporation (683) (579) |\n| Redemption of deposits placed with Corporation 392 357 |\n| Interest and dividend received 1,613 1,217 |\n| Payment towards acquisition of business, net of cash acquired 2.1 (637) (3,155) |\n| Payment of contingent consideration pertaining to acquisition of business (13) — |\n| Other receipts 14 5 |\n| Payments to acquire Investments |\n| Tax free bonds and government bonds (21) (2) |\n| Liquid mutual fund units (36,091) (33,517) |\n| Certificates of deposit (7,149) (1,885) |\n| Commercial Papers (2,686) (2,227) |\n| Non-convertible debentures (2,639) (1,051) |\n| Government securities (531) — |\n| Other Investments (22) (17) |\n| Proceeds on sale of Investments |\n| Tax free bonds and government bonds 1,284 — |\n| Liquid mutual funds units 32,967 34,012 |\n| Certificates of deposit 5,857 3,970 |\n| Commercial Papers 4,675 7,135 |\n| Non-convertible debentures 1,625 1,030 |\n| Government securities 3,265 200 |\n| Net cash generated / (used in) from investing activities (132) 4,525 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 165, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "96262aeb595ecf9e", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 166\n\n| Particulars |  |  | No | te No. | Six months e | nded Septem | ber 30, |\n|---|---|---|---|---|---|---|---|\n|  |  |  |  |  | 2025 |  | 2024 |\n| Cash flows from | financing | activities |  |  |  |  |  |\n| Payment of lease | liabilities |  |  |  | (1,382) |  | (1,190) |\n| Payment of divid | ends |  |  |  | (9,122) |  | (11,592) |\n| Loan repayment | of in-tech H | olding GmbH |  |  | — |  | (985) |\n| Payment of divid | end to non- | controlling in | terest of subsidiary |  | (3) |  | (2) |\n| Shares issued on | exercise of | employee sto | ck options |  | 1 |  | 3 |\n| Other payments |  |  |  |  | (181) |  | (265) |\n| Net cash used in | financing | activities |  |  | (10,687) |  | (14,031) |\n| Net increase / (de | crease) in c | ash and cash | equivalents |  | 6,692 |  | 6,952 |\n| Effect of exchang | e rate chan | ges on cash a | nd cash equivalents |  | 685 |  | 61 |\n| Cash and cash e | quivalents | at the beginn | ing of the period | 2.8 | 24,455 |  | 14,786 |\n| Cash and cash e | quivalents | at the end of | the period | 2.8 | 31,832 |  | 21,799 |\n| Supplementary | informatio | n: |  |  |  |  |  |\n| Restricted cash b | alance |  |  | 2.8 | 410 |  | 407 |\n| The accompanyin | g notes for | m an integral | part of the interim condensed consolidated | financial statements |  |  |  |\n| As per our report | of even da | te attached |  |  |  |  |  |\n| for Deloitte Hask | ins & Sells | LLP | for and on behalf of the Board of Directo | rs of Infosys Limited |  |  |  |\n| Chartered Accou | ntants |  |  |  |  |  |  |\n| Firm’s Registrati | on No : |  |  |  |  |  |  |\n| 117366W/ W-10 | 0018 |  |  |  |  |  |  |\n| Vikas Bagaria |  |  | Nandan M. Nilekani | Salil Parekh |  | Bobby Parikh |  |\n| Partner |  |  | Chairman | Chief Executive Officer |  | Director |  |\n| Membership No. | 060408 |  | DIN: 00041245 | and Managing Director |  | DIN: 0001943 | 7 |\n|  |  |  |  | DIN: 01876159 |  |  |  |\n| Bengaluru |  |  | Jayesh Sanghrajka | A.G.S. Manikantha |  |  |  |\n| October 16, 2025 |  |  | Chief Financial Officer | Company Secretary |  |  |  |\n|  |  |  |  | Membership No. A21918 |  |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 166, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "74650870be398dd0", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 167\n\n| INFOSYS LIMITED AND SUBSIDIARIES |\n|---|\n| Overview and notes to the Interim Condensed Consolidated Financial Statements |\n| 1. Overview |\n| 1.1 Company overview InfosysLimited('theCompany'orInfosys)providesconsulting,technology,outsourcingandnext-generationdigitalservices,toenableclientstoexecute strategiesfortheirdigitaltransformation.Infosysstrategicobjectiveistobuildasustainableorganizationthatremainsrelevanttotheagendaofclients,while |\n| creatinggrowthopportunitiesforemployeesandgeneratingprofitablereturnsforinvestors.Infosysstrategyistobeanavigatorforourclientsastheyideate, plan and execute on their journey to a digital future. |\n| Infosys together with its subsidiaries and controlled trusts is hereinafter referred to as the \"Group\". TheCompanyisapubliclimitedcompanyincorporatedanddomiciledinIndiaandhasitsregisteredofficeatElectronicscity,HosurRoad,Bengaluru 560100,Karnataka,India.TheCompanyhasitsprimarylistingsontheBSELtd.andNationalStockExchangeofIndiaLimited.TheCompany’sAmerican |\n| Depositary Shares (ADS) representing equity shares are listed on the New York Stock Exchange (NYSE). |\n| The Group's interim condensed consolidated financial statements are approved for issue by the Company's Board of Directors on October 16, 2025. |\n| 1.2 Basis of preparation of financial statements These interimcondensed consolidated financial statements areprepared in compliance with Indian AccountingStandard (Ind AS)34 InterimFinancial Reporting,underthehistoricalcostconventiononaccrualbasisexceptforcertainfinancialinstrumentswhicharemeasuredatfairvaluesanddefinedbenefit liability/(asset)whichisrecognisedatthepresentvalueofdefinedbenefitobligationlessfairvalueofplanassets,theprovisionsoftheCompaniesAct,2013 ('the Act') and guidelines issued by the Securities and Exchange Board of India (SEBI). Accordingly, these interim condensed consolidated financial |\n| statementsdonotincludealltheinformationrequiredforacompletesetoffinancialstatements.Theseinterimcondensedconsolidatedfinancialstatements shouldbereadinconjunctionwiththeconsolidatedfinancialstatementsandrelatednotesincludedintheCompany’sAnnualReportfortheyearended March31,2025.TheIndASareprescribedunderSection133oftheActreadwithRule3oftheCompanies(IndianAccountingStandards)Rules,2015 and relevant amendment rules issued thereafter. Accounting policies have been consistently applied except where a newly issued accounting standard is initiallyadopted or a revision to an existing |\n| accountingstandardrequiresachangeintheaccountingpolicyhithertoinuse.Thematerialaccountingpolicyinformationusedinpreparationoftheaudited interim condensed consolidated financial statements have been discussed in the respective notes. Asthequarterandyear-to-datefiguresaretakenfromthesourceandroundedtothenearestdigits,thequarterfiguresinthisstatementaddeduptothefigures |\n| reported for the previous quarters might not always add up to the year-to-date figures reported in this statement. |\n| 1.3 Basis of consolidation Infosysconsolidatesentitieswhichitownsorcontrols.Theinterimcondensedconsolidatedfinancialstatementscomprisethefinancialstatementsofthe Company,itscontrolledtrustsanditssubsidiaries.Controlexistswhentheparenthaspowerovertheentity,isexposed,orhasrightstovariablereturnsfrom itsinvolvementwiththeentityandhastheabilitytoaffectthosereturnsbyusingitspowerovertheentity.Powerisdemonstratedthroughexistingrightsthat |\n| givetheabilitytodirectrelevantactivities,thosewhichsignificantlyaffecttheentity'sreturns.Subsidiariesareconsolidatedfromthedatecontrolcommences until the date control ceases. ThefinancialstatementsoftheGroupcompaniesareconsolidatedonaline-by-linebasisandintra-groupbalancesandtransactionsincludingunrealizedgain /lossfromsuchtransactionsareeliminateduponconsolidation.Thesefinancialstatementsarepreparedbyapplyinguniformaccountingpoliciesinuseatthe |\n| Group.Non-controllinginterestswhichrepresentpartofthenetprofitorlossandnetassetsofsubsidiariesthatarenot,directlyorindirectly,ownedor controlled by the Company, are excluded. |\n| 1.4 Use of estimates and judgments The preparation of the interim condensed consolidated financial statements in conformity with Ind AS requires the Management to make estimates, judgmentsandassumptions. Theseestimates,judgmentsandassumptionsaffecttheapplicationofaccountingpoliciesandthereportedamountsofassets andliabilities,thedisclosuresofcontingentassetsandliabilitiesatthedateoftheinterimcondensedconsolidatedfinancialstatementsandreportedamounts of revenues and expenses during the period. The application of accounting policies that require critical accounting estimates involving complex and |\n| subjectivejudgmentsandtheuseofassumptionsinthesefinancialstatementshavebeendisclosedinNoteno.1.5.Accountingestimatescouldchangefrom periodtoperiod.Actualresultscoulddifferfromthoseestimates. AppropriatechangesinestimatesaremadeasManagementbecomesawareofchangesin circumstancessurroundingtheestimates. Changesinestimatesandjudgementsarereflectedintheinterimcondensedconsolidatedfinancialstatementsin the period in which changes are made and, if material, their effects are disclosed in the notes to the interim condensed consolidated financial statements. |\n| 1.5 Critical accounting estimates and judgments |\n| a. Revenue recognition TheGroup’scontractswithcustomersincludepromisestotransfermultipleproductsandservicestoacustomer.Revenuesfromcustomercontractsare considered forrecognitionand measurementwhen thecontracthasbeen approved,in writing,bytheparties tothe contract,thepartiestocontractare committedtoperformtheirrespectiveobligationsunderthecontract,andthecontractislegallyenforceable.TheGroupassessestheservicespromisedina |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 167, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "2d3c200091a00bdb", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 168\n\n| servicesaregenerallydiscreteinnatureandnotrepetitive.Theuseofmethodtorecognizethemaintenancerevenuesrequiresjudgmentandisbasedonthe promises in the contract and nature of the deliverables. TheGroupusesthepercentage-of-completionmethodinaccountingforotherfixed-pricecontracts.Useofthepercentage-of-completionmethodrequiresthe Grouptodeterminetheactualeffortsorcostsexpendedtodateasaproportionoftheestimatedtotaleffortsorcoststobeincurred.Effortsorcostsexpended |\n|---|\n| havebeenusedtomeasureprogresstowardscompletionasthereisadirectrelationshipbetweeninputandproductivity.Theestimationoftotaleffortsor costs involves significant judgment and is assessed throughout the period of the contract to reflect any changes based on the latest available information. Contractswithcustomersincludessubcontractorservicesorthird-partyvendorequipmentorsoftwareincertainintegratedservicesarrangements.Inthese typesofarrangements,revenuefromsalesofthird-partyvendorproductsorservicesisrecordednetofcostswhentheGroupisactingasanagentbetweenthe customerandthevendor,andgrosswhentheGroupistheprincipalforthetransaction.Indoingso,theGroupfirstevaluateswhetheritobtainscontrolofthe |\n| specifiedgoodsorservicesbeforetheyaretransferredtothecustomer.TheGroupconsiderswhetheritisprimarilyresponsibleforfulfillingthepromiseto providethespecifiedgoodsorservices,inventoryrisk,pricingdiscretionandotherfactorstodeterminewhetheritcontrolsthespecifiedgoodsorservicesand therefore, is acting as a principal or an agent. Provisionsforestimatedlosses,ifany,onincompletecontractsarerecordedintheperiodinwhichsuchlossesbecomeprobablebasedontheestimated |\n| efforts or costs to complete the contract. |\n| b. Income taxes |\n| The Group's two major tax jurisdictions are India and the United States, though the Company also files tax returns in other overseas jurisdictions. Significant judgments are involved in determining the provision for income taxes,including amount expected tobe paid / recovered for uncertain tax positions. Inassessingtherealizabilityofdeferredincometaxassets,theManagementconsiderswhethersomeportionorallofthedeferredincometaxassetswillnot berealized.Theultimaterealizationofdeferredincometaxassetsisdependentuponthegenerationoffuturetaxableincomeduringtheperiodsinwhichthe |\n| temporarydifferencesbecomedeductible.Managementconsidersthescheduledreversalsofdeferredincometaxliabilities,projectedfuturetaxableincome andtaxplanningstrategiesinmakingthisassessment.Basedonthelevelofhistoricaltaxableincomeandprojectionsforfuturetaxableincomeoverthe periods in which the deferred income tax assets are deductible, the Management believes that the Group will realize the benefits of those deductible differences.Theamountofthedeferredincometaxassetsconsideredrealizable,however,couldbereducedintheneartermifestimatesoffuturetaxable income during the carry forward period are reduced (Refer to Notes 2.15). |\n| c. Business combinations and intangible assets Business combinations are accounted for using Ind AS 103, Business Combinations. Ind AS 103 requires us to fair value identifiable intangible assets and contingent consideration to ascertain the net fair value of identifiable assets, liabilities and contingent liabilities of the acquiree. These valuations are |\n| conducted by external valuation experts. Estimates are required to be made in determining the value of contingent consideration, value of option arrangements and intangible assets. These measurements are based on information available at the acquisition date and are based on expectations and assumptions that have been deemed reasonable by the Management (Refer to Note 2.1 and 2.3). |\n| d. Property, plant and equipment Property,plantandequipmentrepresentasignificantproportionoftheassetbaseoftheGroup.Thechargeinrespectofperiodicdepreciationisderivedafter determininganestimateofanasset’sexpectedusefullifeandtheexpectedresidualvalueattheendofitslife.TheusefullivesandresidualvaluesofGroup's |\n| assetsaredeterminedbytheManagementatthetimetheassetisacquiredandreviewedperiodically,includingateachfinancialyearend.Thelivesarebased onhistoricalexperiencewithsimilarassetsaswellasanticipationoffutureevents,whichmayimpacttheirlife,suchaschangesintechnology(RefertoNote 2.2). |\n| e. Impairment of Goodwill Goodwillistestedforimpairmentonanannualbasisandwheneverthereisanindicationthattherecoverableamountofacashgeneratingunit(CGUs)isless |\n| than its carrying amount. For the impairment test, goodwill is allocated to the CGU or groups of CGUs which benefit from the synergies of the acquisition and which represent the lowest level at which goodwill is monitored for internal management purposes. TherecoverableamountofCGUsisdeterminedbasedonhigherofvalue-in-useandfairvaluelesscosttosell.Keyassumptionsinthecashflowprojections |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 168, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "102922d186d916ff", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 169\n\n| 2. Notes to the Interim Condensed Consolidated Financial Statements |\n|---|\n| 2.1 BUSINESS COMBINATIONS |\n| Accounting policy |\n| Business combinations have been accounted for using the acquisition method under the provisions of Ind AS 103, Business Combinations. Thepurchasepriceinanacquisitionismeasuredatthefairvalueoftheassetstransferred,equityinstrumentsissuedandliabilitiesincurredorassumedatthe date of acquisition, which is the date on which control is transferred to the Group. The purchase price also includes the fair value of any contingent |\n| consideration.Identifiableassetsacquiredandliabilitiesandcontingentliabilitiesassumedinabusinesscombinationaremeasuredinitiallyattheirfairvalueon thedateofacquisition.Contingentconsiderationisremeasuredatfairvalueateachreportingdateandchangesinthefairvalueofthecontingentconsideration are recognized in the interim condensed Consolidated Statement of Profit and Loss. Theinterestofnon-controllingshareholdersisinitiallymeasuredeitheratfairvalueoratthenon-controllinginterests’proportionateshareoftheacquiree’s identifiablenetassets.Thechoiceofmeasurementbasisismadeonanacquisition-by-acquisitionbasis.Subsequenttoacquisition,thecarryingamountofnon- |\n| controlling interests is the amount of those interests at initial recognition plus the non-controlling interests’ share of subsequent changes in equity of subsidiaries. BusinesscombinationsbetweenentitiesundercommoncontrolisaccountedforatcarryingvalueoftheassetsacquiredandliabilitiesassumedintheGroup's |\n| consolidated financial statements. ThepaymentsrelatedtooptionsissuedbytheGroupoverthenon-controllinginterestsinitssubsidiariesareaccountedasfinancialliabilitiesandinitially recognizedattheestimatedpresentvalueofgrossobligations.Suchoptionsaresubsequentlymeasuredatfairvalueinordertoreflecttheamountpayableunder the option at the date at which it becomes exercisable. In the event that the option expires unexercised, the liability is derecognized. |\n| Acquisition During the six months ended September 30, 2025 the Group, completed two business combinations by acquiring 100% partnership interests/voting interests in: 1)MREConsultingLtd.,aleadingEnergyandbusinessconsultingservicescompany,headquarteredinTexas,U.S.onApril30,2025,whichisexpectedto |\n| bring newer capabilities for the Group in trading and risk management, especially in the energy sector. 2)TheMissingLinkSecurityPty.Ltd.,TheMissingLinkSecurityLimitedandTheMissingLinkAutomationPty.Ltd.(collectivelyknownas\"TheMissing |\n| Link\"),aleadingCybersecurityserviceproviderheadquarteredinAustraliaonApril30,2025,whichisexpectedtofurtherstrengthentheGroup's capabilitiesin the cybersecurity sector and bolster its presence in the fast growing Australian Market. Theprovisionalpurchasepriceisallocatedtoassetsacquiredandliabilitiesassumedbasedupondeterminationoffairvaluesatthedateofacquisitionas follows: (In ₹ crore) |\n| Acquiree's Fair value Purchase price Component carrying amount adjustments allocated Net Assets (1) 116 - 116 |\n| Intangible assets: Customer related# - 222 222 |\n| Vendor relationship# - 55 55 |\n| Brand# - 20 20 Deferred tax liabilities on intangible assets - (46) (46) Total 116 251 367 Goodwill 444 |\n| Total purchase price 811 (1) Includes cash and cash equivalents acquired of ₹102 crore. # The estimated useful life is around 1 year to 7 years Theexcessofthepurchaseconsiderationpaidoverthefairvalueofassetsacquiredhasbeenattributedtogoodwill.Theprimaryitemsthatgeneratedthis goodwill are the value of the acquired assembled workforce and estimated synergies, neither of which qualify as an intangible asset. Goodwill amounting to ₹79 crore is expected to be deductible for tax purposes. Thetotalpurchaseconsiderationof₹811croreincludesupfrontcashconsiderationof₹741croreandcontingentconsiderationwithanestimatedfairvalueof |\n| ₹70 crore as on the date of acquisition. Attheacquisitiondate,thekeyinputsusedindeterminationofthefairvalueofcontingentconsiderationaretheprobabilitiesassignedtowardsachievementof financialtargetsanddiscountratesrangingfrom2%-3%.TheundiscountedvalueofcontingentconsiderationasofSeptember30,2025wasapproximately₹79 crore. Additionally,theseacquisitionshaveretentionbonusandmanagementincentivespayabletotheemployeesoftheacquireeover2-3years,subjecttotheir |\n| continuous employment with the Group and achievement of financial targets for the respective years. Retention bonus and management incentives are recognized in employee benefit expenses in the Consolidated Statement of Profit and Loss over the period of service. |\n| Fair value of trade receivables acquired is ₹194 crore as of acquisition date and as of September 30, 2025, the amounts are substantially collected. TransactioncoststhattheGroupincursinconnectionwithabusinesscombinationsuchasfinder’sfees,legalfees,duediligencefees,andotherprofessional |\n| andconsultingfeesareexpensedasincurred.Thetransactioncostsof₹34crorerelatedtotheacquisitionhavebeenincludedunderadministrativeexpensesin the Consolidated Statement of Profit and Loss for the three months ended June 30, 2025. |\n| Proposed Acquisition OnAugust13,2025,InfosysSingaporePte.Ltd.,awhollyownedsubsidiaryofInfosysLimited,enteredintoadefinitiveagreementtoacquire75%oftheequity sharecapitalinTelstraPurplePtyLtd,includingsomeofitssubsidiaries(togetherknownasVersentGroup),Australia’sleadingDigitalTransformation |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 169, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "5c7ab52d6c2e06b0", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 170\n\n| 2.2 PROPERTY, PLANT AND EQUIPMENT |\n|---|\n| Accounting policy Property,plantandequipmentarestatedatcost,lessaccumulateddepreciationandimpairment,ifany.Costsdirectlyattributabletoacquisitionarecapitalizeduntiltheproperty,plantandequipment arereadyforuse,asintendedbytheManagement.Thechargeinrespectofperiodicdepreciationisderivedatafterdetermininganestimateofanasset’sexpectedusefullifeandtheexpectedresidual |\n| value at the end of its life. The Group depreciates property, plant and equipment over their estimated useful lives using the straight-line method. The estimated useful lives of assets are as follows: Buildings (1) 22-25 years Plant and machinery (1)(2) 5 years Office equipment 5 years Computer equipment (1) 3-5 years Furniture and fixtures (1) 5 years |\n| Vehicles(1) 5 years Leasehold improvements Lower of useful life of the asset or lease term (1)Basedontechnicalevaluation,theManagementbelievesthattheusefullivesasgivenabovebestrepresenttheperiodoverwhichtheManagementexpectstousetheseassets.Hence,theuseful lives for these assets is different from the useful lives as prescribed under Part C of Schedule II of the Companies Act 2013 (2) Includes Solar plant with a useful life of 25 years Depreciationmethods,usefullivesandresidualvaluesarereviewedperiodically,includingateachfinancialyearend.Theusefullivesarebasedonhistoricalexperiencewithsimilarassetsaswellas |\n| anticipation of future events, which may impact their life, such as changes in technology. Advancespaidtowardstheacquisitionofproperty,plantandequipmentoutstandingateachBalanceSheetdateisclassifiedascapitaladvancesunderothernon-currentassetsandthecostofassets notreadytousebeforesuchdatearedisclosedunder‘Capitalwork-in-progress’.Subsequentexpendituresrelatingtoproperty,plantandequipmentiscapitalizedonlywhenitisprobablethatfuture |\n| economicbenefitsassociatedwiththesewillflowtotheGroupandthecostoftheitemcanbemeasuredreliably.Thecostandrelatedaccumulateddepreciationareeliminatedfromthefinancial statements upon sale or retirement of the asset. Impairment Property,plantandequipmentareevaluatedforrecoverabilitywhenevereventsorchangesincircumstancesindicatethattheircarryingamountsmaynotberecoverable.Forthepurposeof |\n| impairmenttesting,therecoverableamount(i.e.thehigherofthefairvaluelesscosttosellandthevalue-in-use)isdeterminedonanindividualassetbasisunlesstheassetdoesnotgeneratecash flows that are largely independent of those from other assets. In such cases, the recoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs. Ifsuchassetsareconsideredtobeimpaired,theimpairmenttoberecognizedintheConsolidatedStatementofProfitandLossismeasuredbytheamountbywhichthecarryingvalueoftheassets exceedstheestimatedrecoverableamountoftheasset.AnimpairmentlossisreversedintheConsolidatedStatementofProfitandLossiftherehasbeenachangeintheestimatesusedtodetermine |\n| therecoverableamount.Thecarryingamountoftheassetisincreasedtoitsrevisedrecoverableamount,providedthatthisamountdoesnotexceedthecarryingamountthatwouldhavebeen determined (net of any accumulated depreciation) had no impairment loss been recognized for the asset in prior years. The changes in the carrying value of property, plant and equipment for the three months ended September 30, 2025 are as follows: (In ₹ crore) Particulars Land - Buildings Plant and Office Computer Furniture Leasehold Vehicles Total Freehold (1) machinery Equipment equipment and fixtures Improvements Gross carrying value as at July 1, 2025 1,489 11,737 3,484 1,661 9,278 2,371 1,347 48 31,415 Additions 10 6 12 15 412 7 3 — 465 Deletions** — — (6) (8) (165) (67) — (3) (249) Translation difference — 38 3 4 29 6 14 — 94 |\n| Gross carrying value as at September 30, 2025 1,499 11,781 3,493 1,672 9,554 2,317 1,364 45 31,725 Accumulated depreciation as at July 1, 2025 — (5,473) (2,857) (1,361) (7,040) (1,970) (1,060) (43) (19,804) Depreciation — (112) (45) (31) (263) (41) (27) — (519) Accumulated depreciation on deletions** — — 6 8 165 67 — 3 249 Translation difference — (13) (3) (3) (18) (5) (13) — (55) Accumulated depreciation as at September 30, 2025 — (5,598) (2,899) (1,387) (7,156) (1,949) (1,100) (40) (20,129) Carrying value as at July 1, 2025 1,489 6,264 627 300 2,238 401 287 5 11,611 Carrying value as at September 30, 2025 1,499 6,183 594 285 2,398 368 264 5 11,596 The changes in the carrying value of property, plant and equipment for the three months ended September 30, 2024 are as follows: (In ₹ crore) |\n| Particulars Land - Buildings Plant and Office Computer Furniture Leasehold Vehicles Total Freehold (1) machinery Equipment equipment and fixtures Improvements Gross carrying value as at July 1, 2024 1,432 11,743 3,445 1,538 8,617 2,309 1,413 45 30,542 Additions — 17 23 41 176 45 48 — 350 Additions on Business Combinations (Refer to note 2.1) — 1 — 11 5 23 — 2 42 Deletions* — (4) (6) (15) (101) (14) (27) — (167) Translation difference — 43 3 3 17 4 15 — 85 Gross carrying value as at September 30, 2024 1,432 11,800 3,465 1,578 8,714 2,367 1,449 47 30,852 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 170, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "5e4301dd21e2931f", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 171\n\n| Particulars Land - Buildings Plant and Office Computer Furniture Leasehold Vehicles Total Freehold (1) machinery Equipment equipment and fixtures Improvements Gross carrying value as at April 1, 2025 1,479 11,721 3,461 1,628 9,306 2,340 1,307 48 31,290 Additions 20 9 35 51 619 34 32 1 801 Additions on Business Combinations (Refer to note 2.1) — — — — 3 — — — 3 Deletions** — (5) (8) (16) (435) (72) (2) (4) (542) Translation difference — 56 5 9 61 15 27 — 173 Gross carrying value as at September 30, 2025 1,499 11,781 3,493 1,672 9,554 2,317 1,364 45 31,725 |\n|---|\n| Accumulated depreciation as at April 1, 2025 — (5,358) (2,813) (1,337) (7,013) (1,929) (1,019) (43) (19,512) Depreciation — (223) (89) (60) (530) (81) (58) (1) (1,042) Accumulated depreciation on deletions** — 1 8 16 424 71 2 4 526 Translation difference — (18) (5) (6) (37) (10) (25) — (101) Accumulated depreciation as at September 30, 2025 — (5,598) (2,899) (1,387) (7,156) (1,949) (1,100) (40) (20,129) Carrying value as at April 1, 2025 1,479 6,363 648 291 2,293 411 288 5 11,778 Carrying value as at September 30, 2025 1,499 6,183 594 285 2,398 368 264 5 11,596 **DuringthethreemonthsandsixmonthsendedSeptember30,2025,certainassetswhichwerenotinusehavinggrossbookvalueof₹226crore(netbookvalue:Nil)and₹473crore(netbook |\n| value: Nil), respectively were retired. The changes in the carrying value of property, plant and equipment for the six months ended September 30, 2024 are as follows: (In ₹ crore) |\n| Particulars Land - Buildings Plant and Office Computer Furniture Leasehold Vehicles Total Freehold (1) machinery Equipment equipment and fixtures Improvements Gross carrying value as at April 1, 2024 1,432 11,770 3,428 1,528 8,611 2,326 1,447 45 30,587 Additions — 32 44 57 354 57 63 1 608 Additions on Business Combinations (Refer to note 2.1) — 1 — 11 6 23 — 2 43 Deletions* — (42) (9) (21) (265) (40) (75) (1) (453) Translation difference — 39 2 3 8 1 14 — 67 Gross carrying value as at September 30, 2024 1,432 11,800 3,465 1,578 8,714 2,367 1,449 47 30,852 |\n| Accumulated depreciation as at April 1, 2024 — (4,921) (2,630) (1,269) (6,380) (1,837) (1,138) (42) (18,217) Depreciation — (224) (112) (58) (648) (102) (88) (1) (1,233) Accumulated depreciation on deletions* — 6 9 20 259 40 75 1 410 Translation difference — (12) (2) (2) (2) — (14) — (32) Accumulated depreciation as at September 30, 2024 — (5,151) (2,735) (1,309) (6,771) (1,899) (1,165) (42) (19,072) Carrying value as at April 1, 2024 1,432 6,849 798 259 2,231 489 309 3 12,370 Carrying value as at September 30, 2024 1,432 6,649 730 269 1,943 468 284 5 11,780 *DuringthethreemonthsandsixmonthsendedSeptember30,2024,certainassetswhichwerenotinusehavinggrossbookvalueof₹103crore(netbookvalue:Nil)and₹229crore(netbookvalue: Nil), respectively were retired. (1) |\n| Buildings include ₹250/- being the value of five shares of ₹50/- each in Mittal Towers Premises Co-operative Society Limited. The aggregate depreciation has been included under depreciation and amortization expense in the condensed Consolidated Statement of Profit and Loss. Repairs and maintenance costs are recognized in the condensed Consolidated Statement of Profit and Loss when incurred. ConsequenttotheCompanies(CorporateSocialResponsibilityPolicy)AmendmentRules,2021(“theRules”),theCompanywasrequiredtotransferitsCSRcapitalassetsinstalledpriortoJanuary 2021.TowardsthistheCompanyhadincorporatedasubsidiary‘InfosysGreenForum’(IGF)underSection8oftheCompaniesAct,2013.DuringtheyearendedMarch31,2022,theCompanyhad |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 171, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "a7c3c448bb0d544b", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 172\n\n| 2.3 GOODWILL AND OTHER INTANGIBLE ASSETS 2.3.1 Goodwill Accounting policy |\n|---|\n| GoodwillrepresentsthepurchaseconsiderationinexcessoftheGroup'sinterestinthenetfairvalueofidentifiableassets,liabilitiesandcontingentliabilitiesoftheacquiredentity.Whenthenetfair valueoftheidentifiableassets,liabilitiesandcontingentliabilitiesacquiredexceedspurchaseconsideration,thefairvalueofnetassetsacquiredisreassessedandthebargainpurchasegainis recognized in capital reserve. Goodwill is measured at cost less accumulated impairment losses. Impairment Goodwillistestedforimpairmentonanannualbasisandwheneverthereisanindicationthattherecoverableamountofacashgeneratingunit(CGU)islessthanitscarryingamount.Forthe impairmenttest,goodwillisallocatedtotheCGUorgroupsofCGUswhichbenefitfromthesynergiesoftheacquisitionandwhichrepresentsthelowestlevelatwhichgoodwillismonitoredfor |\n| internalmanagementpurposes.ACGUisthesmallestidentifiablegroupofassetsthatgeneratescashinflowsthatarelargelyindependentofthecashinflowsfromotherassetsorgroupofassets. ImpairmentoccurswhenthecarryingamountofaCGUincludingthegoodwill,exceedstheestimatedrecoverableamountoftheCGU.TherecoverableamountofaCGUisthehigherofitsfairvalue lesscosttosellanditsvalue-in-use.Value-in-useisthepresentvalueoffuturecashflowsexpectedtobederivedfromtheCGU.Keyassumptionsinthecashflowprojectionsarepreparedbasedon current economic conditions and includes estimated long term growth rates, weighted average cost of capital and estimated operating margins. Following is a summary of changes in the carrying amount of goodwill: (In ₹ crore) Particulars As at September 30, 2025 March 31, 2025 |\n| Carrying value at the beginning 10,106 7,303 Goodwill on acquisitions (Refer to note 2.1) 444 2,593 Translation differences 952 210 Carrying value at the end 11,502 10,106 |\n| For the purpose of impairment testing, goodwill acquired in a business combination is allocated to the CGU or groups of CGUs, which benefit from the synergies of the acquisition. 2.3.2 Intangible Assets |\n| Accounting policy Intangibleassetsarestatedatcostlessaccumulatedamortizationandimpairment.Intangibleassetsareamortizedovertheirrespectiveindividualestimatedusefullivesonastraight-linebasis,from thedatethattheyareavailableforuse.Theestimatedusefullifeofanidentifiableintangibleassetisbasedonanumberoffactorsincludingtheeffectsofobsolescence,demand,competition,and |\n| othereconomicfactors(suchasthestabilityoftheindustry,andknowntechnologicaladvances)andthelevelofmaintenanceexpendituresrequiredtoobtaintheexpectedfuturecashflowsfromthe asset. Amortization methods and useful lives are reviewed periodically including at each financial year end. Researchcostsareexpensedasincurred.Softwareproductdevelopmentcostsareexpensedasincurredunlesstechnicalandcommercialfeasibilityoftheprojectisdemonstrated,futureeconomic |\n| benefitsareprobable,theGrouphasanintentionandabilitytocompleteanduseorsellthesoftwareandthecostscanbemeasuredreliably.Thecostswhichcanbecapitalizedincludethecostof material, direct labor, overhead costs that are directly attributable to prepare the asset for its intended use. |\n| Impairment Intangibleassetsareevaluatedforrecoverabilitywhenevereventsorchangesincircumstancesindicatethattheircarryingamountsmaynotberecoverable.Forthepurposeofimpairmenttesting,the recoverableamount(i.e.thehigherofthefairvaluelesscosttosellandthevalue-in-use)isdeterminedonanindividualassetbasisunlesstheassetdoesnotgeneratecashflowsthatarelargely |\n| independent of those from other assets. In such cases, the recoverable amount is determined for the CGU to which the asset belongs. Ifsuchassetsareconsideredtobeimpaired,theimpairmenttoberecognizedintheConsolidatedStatementofProfitandLossismeasuredbytheamountbywhichthecarryingvalueoftheassets exceedstheestimatedrecoverableamountoftheasset.AnimpairmentlossisreversedintheConsolidatedStatementofProfitandLossiftherehasbeenachangeintheestimatesusedtodetermine |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 172, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "333a061ffb2c7b77", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 173\n\n| Equit Other Quoted Investm Gove Tax f Investm Non c Equit Gove | y and Preference s (1) ents carried at rnment bonds ree bonds ents carried at onvertible debe y securities rnment securitie | securiti amortiz fair valu ntures s | es ed cost e through | other | comprehensive | income |  |  |  |  |  |  | 25 226 734 23 409 432 5,342 83 4,114 9,539 |  | 25 196 686 16 1,465 1,481 3,320 57 5,346 8,723 |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| Total non-cu Current Inve Unquoted Investm | rrent investmen stments ents carried at | ts fair valu | e through | profit | or loss |  |  |  |  |  |  |  | 10,879 |  | 11,059 |\n| Liqui Investm Com Certif Quoted Investm | d mutual fund un ents carried at mercial Paper icates of deposit ents carried at | its fair valu amortiz | e through ed cost | other | comprehensive | income |  |  |  |  |  |  | 5,192 5,192 1,734 4,894 6,628 |  | 1,957 1,957 3,641 3,504 7,145 |\n| Gove Tax f Investm Non c Gove | rnment bonds ree bonds ents carried at onvertible debe rnment securitie | fair valu ntures s | e through | other | comprehensive | income |  |  |  |  |  |  | 15 50 65 546 175 721 |  | 15 154 169 1,549 1,662 3,211 |\n| Total curren | t investments |  |  |  |  |  |  |  |  |  |  |  | 12,606 |  | 12,482 |\n| Total investm Aggregate am Market value Market value Aggregate am Investments c | ents ount of quoted i of quoted invest of quoted invest ount of unquote arried at amortiz | nvestme ments (i ments (i d invest ed cost | nts ncluding int ncluding int ments | erest erest | accrued), current accrued), non cu | rrent |  |  |  |  |  |  | 23,485 10,757 787 9,980 12,728 497 |  | 23,541 13,584 3,369 10,392 9,957 1,650 |\n| Investments c Investments c (1) Uncalled c Refer to Note Method of fa Class of inve Liquid mutua Target maturi Tax free bond Non-converti comprehensiv Government s comprehensiv Commercial P income | arried at fair val arried at fair val apital commitm 2.10 for Accoun ir valuation: stment l fund units - car ty fund units - ca s and governme ble debentures - e income ecurities - carrie e income apers - carried a | ue throu ue throu ents outs ting poli ried at f rried at nt bonds carried a d at fair t fair va | gh other co gh profit or tanding as cies on Fin air value thr fair value th - carried at t fair value value throu lue through | mpreh loss at Sep ancia ough roug amor throu gh ot other | ensive income tember 30, 2025 l Instruments. profit or loss h profit or loss tized cost gh other her comprehensive | and March Method Quoted pric Quoted pric Quoted pric Quoted pric Quoted pric Market obse | 31, 2 e e e and e and e and rvabl | 025 wa marke marke marke e input | s ₹107 t observ t observ t observ s | crore an able inp able inp able inp | d ₹122 cr uts uts uts | ore, respectively. Fa September 30 | 17,062 5,926 ir value as , 2025 5,192 483 507 5,888 4,289 1,734 | (In ₹ at March 31 | 19,248 2,643 crore) , 2025 1,957 465 1,812 4,869 7,008 3,641 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 173, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "619c06630538e9b2", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 174\n\n| Other loans Loans Less: Total non-cur Current Loans conside Other loans Loans Total current Total loans | to em Allow rent l red go to em loans | ployees ance for credit i oans od - Unsecured ployees | mpair | ment |  |  | 3 (3) — 9 243 243 |  | 3 (3) — 16 249 249 |\n|---|---|---|---|---|---|---|---|---|---|\n| 2.6 OT Particulars Non Current Security dep Unbilled rev Restricted d Net investm Others (1) | HER osits enue eposi ent in | FINANCIA (1) s (1)# ts (1)* lease(1) | L ASS | ETS |  | September 3 | 252 As at 0, 2025 275 2,115 151 1,201 27 | (In ₹ March 3 | 265 crore) 1, 2025 273 2,031 82 1,106 19 |\n| Total non-cur Current Security dep Restricted d Unbilled rev Interest accr Foreign curr Net investm Others (1) Total current Total other fin | rent o osits eposi enue ued b ency ent in other ancia | ther financial (1) ts (1)* s (1)# ut not due (1) forward and op lease(1) financial asse l assets | assets tions c ts | ontracts (2) | (3) |  | 3,769 65 3,170 9,079 661 36 1,408 508 14,927 |  | 3,511 65 2,949 8,183 842 192 1,139 470 13,840 |\n| (1) Financial as (2) Financial as | sets c sets c | arried at amorti arried at fair va | zed co lue thr | st ough other | comprehensive income |  | 18,696 18,660 24 |  | 17,351 17,159 28 |\n| (3) Financial as * Restricted de | sets c posit | arried at fair va s represent dep | lue thr osits w | ough profit ith financia | or loss l institutions to settle employee related obligations as and when they arise during t | he normal cou | 12 rse of busin | ess. | 164 |\n| # Classified as 2.7 TR Particulars | finan ADE | cial asset as rig RECEIVAB | ht to c LES | onsideratio | n is unconditional and is due only after a passage of time. |  | As at | (In ₹ | crore) |\n| Current Trade Re Less: All | ceiva owanc | ble considered e for expected | good - credit | Unsecured loss |  | September 30 | , 2025 34,523 | March 3 | 1, 2025 31,670 |\n| Trade Re Trade Re Less: All | ceiva ceiva owanc | ble considered ble - credit imp e for credit im | good - aired - pairme | Unsecured Unsecured nt |  |  | 555 33,968 229 229 |  | 512 31,158 206 206 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 174, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "3dc86f2191a1c235", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 175\n\n| In Cash o Total Balan Depos Casha | current and deposi n hand cash and cash equ ces with banks in u it with more than 1 ndcashequivalent | t accounts ivalents npaid dividend 2 months matu sasatSeptemb | accounts rity er30,2025andMarch31,2025 includerestrict | edcashandbankbalancesof₹410cr | 31,832 — 31,832 42 53 oreand₹424c | roreresp | 24, 24, ectiv | 455 — 455 45 75 ely. |\n|---|---|---|---|---|---|---|---|---|\n| The re Thed | strictions are prima epositsmaintained | rily on account bytheGroup | of bank balances held by irrevocable trusts contro withbanksandfinancialinstitutionscompriseo | lled by the company. ftimedeposits,whichcanbewithdr | awnbytheGr | oupat | anyp | oint |\n| witho | ut prior notice or pe | nalty on the pri | ncipal. |  |  |  |  |  |\n| 2.9 Partic Non-c | OTHER ASS ulars urrent | ETS |  | September 30 | As at , 2025 | (In March | ₹ cro 31, 2 | re) 025 |\n| Cap Adv O | ital advances ances other than ca thers Withholding taxes Unbilled revenues Defined benefit pl Prepaid expenses Deferred Contract | pital advances and others # an assets Cost |  |  | 172 544 193 267 308 |  |  | 208 534 201 297 282 |\n| Total Curre Adv | Cost of obtain Cost of fulfill non-current other nt ances other than ca | ing a contract ment assets pital advances |  |  | 259 901 2,644 |  | 2, | 312 879 713 |\n| Oth | Payment to vendor ers Unbilled revenues Withholding taxes Prepaid expenses Deferred Contract | s for supply of # and others Cost | goods |  | 268 5,234 2,638 2,985 |  | 4, 2, 3, | 413 668 841 080 |\n| Total Total | Cost of obtain Cost of fulfill Other receivables current other asse other assets | ing a contract ment ts |  |  | 350 608 82 12,165 |  | 11, | 343 504 91 940 |\n| # |  |  |  |  | 14,809 |  | 14, | 653 |\n| Clas | sified as non financ | ial asset as the | contractual right to consideration is dependent on | completion of contractual milestones. |  |  |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 175, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "08605f23a7c86ad0", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 176\n\n| 2.10 FINANCIAL INSTRUMENTS |\n|---|\n| Accounting policy |\n| 2.10.1 Initial recognition TheGrouprecognizesfinancialassetsandfinancialliabilitieswhenitbecomesapartytothecontractualprovisionsoftheinstrument.Allfinancialassetsandliabilitiesare recognizedatfairvalueoninitialrecognition,exceptfortradereceivableswhichareinitiallymeasuredattransactionprice.Transactioncoststhataredirectlyattributabletothe |\n| acquisitionorissueoffinancialassetsandfinancialliabilities,whicharenotatfairvaluethroughprofitorloss,areaddedtothefairvalueoninitialrecognition.Regularway purchase and sale of financial assets are accounted for at trade date. |\n| 2.10.2 Subsequent measurement |\n| a. Non-derivative financial instruments |\n| (i) Financial assets carried at amortized cost Afinancialassetissubsequentlymeasuredatamortizedcostifitisheldwithinabusinessmodelwhoseobjectiveistoholdtheassetinordertocollectcontractualcashflows |\n| and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. |\n| (ii) Financial assets carried at fair value through other comprehensive income (FVOCI) Afinancialassetissubsequentlymeasuredatfairvaluethroughothercomprehensiveincomeifitisheldwithinabusinessmodelwhoseobjectiveisachievedbybothcollecting contractualcashflowsandsellingfinancialassetsandthecontractualtermsofthefinancialassetgiveriseonspecifieddatestocashflowsthataresolelypaymentsofprincipal |\n| andinterestontheprincipalamountoutstanding. TheGrouphasmadeanirrevocableelectionforcertaininvestmentswhichareclassifiedasequityinstrumentstopresentthe subsequent changes in fair value in other comprehensive income based on its business model. |\n| (iii) Financial assets carried at fair value through profit or loss (FVTPL) |\n| A financial asset which is not classified in any of the above categories is subsequently fair valued through profit or loss. (iv) Financial liabilities |\n| Financial liabilities are subsequently carried at amortized cost usingthe effective interest method, except forcontingent considerationand financialliabilityunderoption arrangements recognized in a business combination which is subsequently measured at fair value through profit or loss. |\n| b. Derivative financial instruments TheGroupholdsderivativefinancialinstrumentssuchasforeignexchangeforwardandoptioncontractstomitigatetheriskofchangesinexchangeratesonforeigncurrency |\n| exposures. The counterparty for such contracts is generally a bank. |\n| (i) Financial assets or financial liabilities, carried at fair value through profit or loss. |\n| This category includes derivative financial assets or liabilities which are not designated as hedges. AlthoughtheGroupbelievesthatthesederivativesconstitutehedgesfromaneconomicperspective,theymaynotqualifyforhedgeaccountingunderIndAS109,Financial |\n| Instruments.Anyderivativethatiseithernotdesignatedashedge,orissodesignatedbutisineffectiveasperIndAS109,iscategorizedasafinancialassetorfinancialliability, at fair value through profit or loss. DerivativesnotdesignatedashedgesarerecognizedinitiallyatfairvalueandattributabletransactioncostsarerecognizedinnetprofitintheConsolidatedStatementofProfit andLosswhenincurred.Subsequenttoinitialrecognition,thesederivativesaremeasuredatfairvaluethroughprofitorlossandtheresultingexchangegainsorlossesare |\n| includedinotherincome.Assets/liabilitiesinthiscategoryarepresentedascurrentassets/currentliabilitiesiftheyareeitherheldfortradingorareexpectedtoberealized within 12 months after the Balance Sheet date. |\n| (ii) Cash flow hedge Primarily,theGroupdesignatescertainforeignexchangeforwardandoptionscontractsascashflowhedgestomitigatetheriskofforeignexchangeexposureonhighlyprobable |\n| forecast cash transactions. Whenaderivativeisdesignatedasacashflowhedginginstrument,theeffectiveportionofchangesinthefairvalueofthederivativeisrecognizedinothercomprehensive incomeandaccumulatedinthecashflowhedgingreserve.Anyineffectiveportionofchangesinthefairvalueofthederivativeisrecognizedimmediatelyinthenetprofitinthe interimcondensedConsolidatedStatementofProfitandLoss.Ifthehedginginstrumentnolongermeetsthecriteriaforhedgeaccounting,thenhedgeaccountingisdiscontinued prospectively.Ifthehedginginstrumentexpiresorissold,terminatedorexercised,thecumulativegainorlossonthehedginginstrumentrecognizedincashflowhedgingreserve |\n| tilltheperiodthehedgewaseffectiveremainsincashflowhedgingreserveuntiltheforecastedtransactionoccurs.Thecumulativegainorlosspreviouslyrecognizedinthecash flowhedgingreserveistransferredtothenetprofitintheInterimcondensedConsolidatedStatementofProfitandLossupontheoccurrenceoftherelatedforecastedtransaction. Iftheforecastedtransactionisnolongerexpectedtooccur,thentheamountaccumulatedincashflowhedgingreserveisreclassifiedtonetprofitintheInterimcondensed Consolidated Statement of Profit and Loss. |\n| 2.10.3 Derecognition of financial instruments TheGroupderecognizesafinancialassetwhenthecontractualrightstothecashflowsfromthefinancialassetexpireorittransfersthefinancialassetandthetransferqualifies |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 176, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "86a27f3287245c59", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 177\n\n| 2.10.4 Fair value of financial instruments Indeterminingthefairvalueofitsfinancialinstruments,theGroupusesavarietyofmethodsandassumptionsthatarebasedonmarketconditionsandrisksexistingateach |\n|---|\n| reportingdate.Themethodsusedtodeterminefairvalueincludediscountedcashflowanalysis,optionpricingmodel,marketmultiples,availablequotedmarketpricesand dealer quotes. All methods of assessing fair value result in general approximation of value, and such value may never actually be realized. Refertotable'Financialinstrumentsbycategory'belowforthedisclosureoncarryingvalueandfairvalueoffinancialassetsandliabilities.Forfinancialassetsandliabilities |\n| maturingwithinoneyearfromtheBalanceSheetdateandwhicharenotcarriedatfairvalue,thecarryingamountsapproximatesfairvalueduetotheshortmaturityofthese instruments. 2.10.5 Impairment TheGrouprecognizeslossallowancesusingtheexpectedcreditloss(ECL)modelforthefinancialassetsandunbilledrevenuewhicharenotfairvaluedthroughprofitorloss. |\n| LossallowancefortradereceivablesandunbilledrevenueswithnosignificantfinancingcomponentismeasuredatanamountequaltolifetimeECL.Forallotherfinancial assets,ECLsaremeasuredatanamountequaltothe12-monthECL,unlesstherehasbeenasignificantincreaseincreditriskfrominitialrecognitioninwhichcasethoseare measured at lifetime ECL. TheGroupdeterminestheallowanceforcreditlossesbasedonhistoricallossexperienceadjustedtoreflectcurrentandestimatedfutureeconomicconditions.TheGroup |\n| considers current and anticipated future economic conditions relating to industries the Group deals with and the countries where it operates. TheamountofECL(orreversal)thatisrequiredtoadjustthelossallowanceatthereportingdatetotheamountthatisrequiredtoberecordedisrecognizedasanimpairment |\n| loss or gain in Interim condensed Consolidated Statement of Profit and Loss. Financial instruments by category The carrying value and fair value of financial instruments by categories as at September 30, 2025 are as follows: (In ₹ crore) Particulars Amortized Financial assets/ liabilities at Financial assets/liabilities at fair Total carrying Total fair value cost fair value through profit or value through OCI value loss Designated Mandatory Equity instruments Mandatory upon initial designated upon recognition initial recognition Assets: Cash and cash equivalents (Refer to Note 2.8) 31,832 — — — — 31,832 31,832 Investments (Refer to Note 2.4) Equity and preference securities — 25 — 257 — 282 282 Tax free bonds and government bonds 497 — — — — 497 507 Liquid mutual fund units — — 5,192 — — 5,192 5,192 Target maturity fund units — — 483 — — 483 483 Non convertible debentures — — — — 5,888 5,888 5,888 Government securities — — — — 4,289 4,289 4,289 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 177, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "e9f47e02cca0db53", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 178\n\n| Equity and preference securities — 25 — 226 — 251 251 Tax free bonds and government bonds 1,650 — — — — 1,650 1,812 Liquid mutual fund units — — 1,957 — — 1,957 1,957 Target maturity fund units — — 465 — — 465 465 Non convertible debentures — — — — 4,869 4,869 4,869 Government securities — — — — 7,008 7,008 7,008 Commercial paper — — — — 3,641 3,641 3,641 Certificates of deposit — — — — 3,504 3,504 3,504 Other investments — — 196 — — 196 196 Trade receivables (Refer to Note 2.7) 31,158 — — — — 31,158 31,158 Loans (Refer to Note 2.5) 265 — — — — 265 265 Other financials assets (Refer to Note 2.6) 17,159 — 164 — 28 17,351 17,271 Total 74,687 25 2,782 226 19,050 96,770 96,852 Liabilities: Trade payables 4,164 — — — — 4,164 4,164 Lease liabilities (Refer to Note 2.19) 8,227 — — — — 8,227 8,227 Financial Liability under option arrangements — — 667 — — 667 667 (Refer to Note 2.12) |\n|---|\n| Other financial liabilities (Refer to Note 2.12) 16,511 — 61 — 33 16,605 16,605 Total 28,902 — 728 — 33 29,663 29,663 (1) On account of fair value changes including interest accrued (2) Excludes interest accrued on tax free bonds and government bonds carried at amortized cost of ₹80 crore Fortradereceivables,tradepayables,otherassetsandpayablesmaturingwithinoneyearfromtheBalanceSheetdate,thecarryingamountsapproximatethefairvalueduetothe |\n| short maturity of these instruments. |\n| Fair value hierarchy Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices). |\n| Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs). The fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as at September 30, 2025 is as follows: (In ₹ crore) Particulars As at Fair value measurement at end of the reporting September 30, period using 2025 Level 1 Level 2 Level 3 Assets Investments (Refer to note 2.4) Investments in liquid mutual fund units 5,192 5,192 — — Investments in target maturity fund units 483 483 — — Investments in tax free bonds 469 419 50 — Investments in government bonds 38 38 — — Investments in non convertible debentures 5,888 5,739 149 — Investments in government securities 4,289 4,253 36 — Investments in equity instruments 85 83 — 2 |\n| Investments in preference securities 197 — — 197 Investments in commercial paper 1,734 — 1,734 — Investments in certificates of deposit 4,894 — 4,894 — Other investments 226 — — 226 Others Derivative financial instruments - gain (Refer to Note 2.6) 36 — 36 — Liabilities Derivative financial instruments - loss (Refer to Note 2.12) 498 — 498 — Financial liability under option arrangements (Refer to Note 2.12) (1) 753 — — 753 Liability towards contingent consideration (Refer to Note 2.12)(2) 95 — — 95 (1) Discount rate ranges from 9% to 15% (2) Discount rate ranges from 3% to 6% DuringthesixmonthsendedSeptember30,2025,taxfreebondsandstategovernmentsecuritiesof₹96crorewastransferredfromLevel2toLevel1offairvaluehierarchy, sincethesewerevaluedbasedonquotedprice.Further, nonconvertibledebenturesandstategovernmentsecurities of₹185croreweretransferredfromLevel1toLevel2of |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 178, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "215aab5e170a515d", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 179\n\n| Investments in preference securities 192 — — 192 Investments in commercial paper 3,641 — 3,641 — Investments in certificates of deposit 3,504 — 3,504 — Other investments 196 — — 196 Others Derivative financial instruments - gain (Refer to Note 2.6) 192 — 192 — Liabilities Derivative financial instruments - loss (Refer to Note 2.12) 63 — 63 — Financial liability under option arrangements (Refer to Note 2.12) (1) 667 — — 667 Liability towards contingent consideration (Refer to Note 2.12) (2) 31 — — 31 (1) Discount rate ranges from 9% to 15% (2) Discount rate - 6% DuringtheyearendedMarch31,2025,governmentsecuritiesandnonconvertibledebenturesof₹297crorewastransferredfromLevel2toLevel1offairvaluehierarchy,since |\n|---|\n| thesewerevaluedbasedonquotedprice.Further, nonconvertibledebenturesandtaxfreebondsof₹554croreweretransferredfromLevel1toLevel2offairvaluehierarchy, since these were valued based on market observable inputs. |\n| A one percentage point change in the unobservable inputs used in fair valuation of Level 3 assets and liabilities does not have a significant impact in its value. MajorityofinvestmentsoftheGrouparefairvaluedbasedonLevel1orLevel2inputs.Theseinvestmentsprimarilyincludeinvestmentinliquidmutualfundunits,target maturity fund units, tax-free bonds, certificates of deposit, commercial papers, treasury bills, government securities, non-convertible debentures, quoted bonds issued by |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 179, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "db831ecfade1c8af", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 180\n\n| Accounting policy Ordinary Shares |\n|---|\n| Ordinarysharesareclassifiedasequitysharecapital.Incrementalcostsdirectlyattributabletotheissuanceofnewordinaryshares,shareoptionsandbuybackarerecognizedasadeduction from equity, net of any tax effects. Treasury Shares WhenanyentitywithintheGrouppurchasesthecompany'sordinaryshares,theconsiderationpaidincludinganydirectlyattributableincrementalcostispresentedasadeductionfromtotal |\n| equity,untiltheyarecancelled,soldorreissued.Whentreasurysharesaresoldorreissuedsubsequently,theamountreceivedisrecognizedasanincreaseinequity,andtheresultingsurplus or deficit on the transaction is transferred to / from securities premium. Description of reserves Capital Redemption Reserve |\n| Inaccordancewithsection69oftheIndianCompaniesAct,2013,theCompanycreatescapitalredemptionreserveequaltothenominalvalueofthesharesboughtbackasanappropriation from general reserve / retained earnings. Retained earnings Retained earnings represent the amount of accumulated earnings of the Group. Securities premium Theamountreceivedinexcessoftheparvalueofequityshareshasbeenclassifiedassecuritiespremium.Amountshavebeenutilizedforbonusissueandsharebuybackfromsharepremium |\n| account. Share options outstanding account Theshareoptionsoutstandingaccountisusedtorecordthefairvalueofequity-settledsharebasedpaymenttransactionswithemployees.Theamountsrecordedinshareoptionsoutstanding account are transferred to securities premium upon exercise of stock options and transferred to general reserve on account of stock options not exercised by employees. |\n| Special Economic Zone Re-investment reserve TheSpecialEconomicZoneRe-investmentreservehasbeencreatedoutoftheprofitoftheeligibleSEZunitintermsoftheprovisionsofSec10AA(1)(ii)ofIncomeTaxAct,1961.The |\n| reserve should be utilized by the Company for acquiring new plant and machinery for the purpose of its business in terms of the provisions of the Sec 10AA (2) of the Income Tax Act, 1961. Other components of equity |\n| Othercomponentsofequityincludecurrencytranslation,remeasurementofnetdefinedbenefitliability/asset,equityinstrumentsfairvaluedthroughothercomprehensiveincome,changeson fair valuation of investments and changes in fair value of derivatives designated as cash flow hedges, net of taxes. Currency translation reserve |\n| TheexchangedifferencesarisingfromthetranslationoffinancialstatementsofforeignsubsidiarieswithfunctionalcurrencyotherthanIndianrupeesisrecognizedinothercomprehensive income and is presented within equity. Cash flow hedge reserve Whenaderivativeisdesignatedasacashflowhedginginstrument,theeffectiveportionofchangesinthefairvalueofthederivativeisrecognizedinothercomprehensiveincomeand |\n| accumulatedinthecashflowhedgingreserve.ThecumulativegainorlosspreviouslyrecognizedinthecashflowhedgingreserveistransferredtotheinterimcondensedConsolidated Statement of Profit and Loss upon the occurrence of the related forecasted transaction. EQUITY SHARE CAPITAL (In ₹ crore, except as otherwise stated) Particulars As at |\n| September 30, 2025 March 31, 2025 Authorized Equity shares, ₹5 par value 480,00,00,000 (480,00,00,000) equity shares 2,400 2,400 Issued, Subscribed and Paid-Up Equity shares, ₹5 par value(1) 2,074 2,073 414,53,09,946 (414,36,07,528) equity shares fully paid-up(2) 2,074 2,073 |\n| Note: Forfeited shares amounted to ₹1,500 (₹1,500) (1) Refer to Note 2.20 for details of basic and diluted shares (2) Net of treasury shares 90,91,403 (96,55,927) TheCompanyhasonlyoneclassofsharesreferredtoasequityshareshavingaparvalueof₹5/-.Eachholderofequitysharesisentitledtoonevotepershare.Theequitysharesrepresented |\n| by American Depositary Shares (ADS) carry similar rights to voting and dividends as the other equity shares. Each ADS represents one underlying equity share. IntheeventofliquidationoftheCompany,theholdersofequityshareswillbeentitledtoreceiveanyoftheremainingassetsoftheCompanyinproportiontothenumberofequitysharesheld |\n| bytheshareholders,afterdistributionofallpreferentialamounts.However,nosuchpreferentialamountsexistcurrently,otherthantheamountsheldbyirrevocablecontrolledtrusts.For irrevocable controlled trusts, the corpus would be settled in favor of the beneficiaries. |\n| There are no voting, dividend or liquidation rights to the holders of options issued under the company's share option plans |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 180, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "274e970cded0b25f", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 181\n\n| As at the beginning of the period 414,36,07,528 2,073 413,99,50,635 2,071 Add: Shares issued on exercise of employee stock options 17,02,418 1 36,56,893 2 As at the end of the period 414,53,09,946 2,074 414,36,07,528 2,073 |\n|---|\n| Capital allocation policy Effectivefiscal2025,theCompanyexpectstocontinueitspolicyofreturningapproximately85%ofthefreecashflowcumulativelyovera5-yearperiodthroughacombinationofsemi-annual |\n| dividends and/or share buyback/ special dividends subject to applicable laws and requisite approvals, if any. Underthispolicy,theCompanyexpectstoprogressivelyincreaseitsannualdividendpershare(excludingspecialdividendifany).Freecashflowisdefinedasnetcashprovidedbyoperating |\n| activities less capital expenditure as per the consolidated statement of cash flows prepared under IFRS. Dividend and buyback include applicable taxes. |\n| Update on buyback announced in September 2025 TheBoard,atitsmeetingonSeptember11,2025,approvedaproposalfortheCompanytobuybackitsfullypaid-upequitysharesoffacevalueof₹5/-eachfromtheeligibleequity shareholdersoftheCompanyforanamountof₹18,000crore,subjecttoshareholders'approvalbywayofPostalBallot.TheBuybackofferifapprovedbyshareholderswouldcomprisea purchaseof10,00,00,000EquitySharescomprisingapproximately2.41%ofthetotalpaid-upequitysharecapitaloftheCompanyasofJune30,2025(onstandalonebasis)atapriceof ₹1,800perEquityshare.Thebuybackisproposedtobemadefromalleligibleequityshareholders(includingthosewhobecomeequityshareholdersasontheRecorddatebycancelling |\n| AmericanDepositorySharesandwithdrawingunderlyingEquityshares)oftheCompanyasontheRecordDate(tobedeterminedbytheBoard/BuybackCommittee)onaproportionatebasis throughthe\"Tenderoffer\"route.TheCompanyhassentoutanoticetoitsshareholdersasofSeptember26,2025seekingtheapprovaloftheshareholdersthroughpostalballot.Thevotingfor this postal ballot is expected to end on November 4, 2025. TheCompany’sobjectivewhenmanagingcapitalistosafeguarditsabilitytocontinueasagoingconcernandtomaintainanoptimalcapitalstructuresoastomaximizeshareholdervalue.In |\n| ordertomaintainorachieveanoptimalcapitalstructure,theCompanymayadjusttheamountofdividendpayment,returncapitaltoshareholders,issuenewsharesorbuybackissuedshares. As of September 30, 2025, the Company has only one class of equity shares and has no debt. Consequent to the above capital structure there are no externally imposed capital requirements. Dividend ThefinaldividendonsharesisrecordedasaliabilityonthedateofapprovalbytheshareholdersandinterimdividendsarerecordedasaliabilityonthedateofdeclarationbytheCompany's |\n| BoardofDirectors.Incometaxconsequencesofdividendsonfinancialinstrumentsclassifiedasequitywillberecognizedaccordingtowheretheentityoriginallyrecognizedthosepast transactions or events that generated distributable profits. TheCompanydeclaresandpaysdividendsinIndianrupees.Companiesarerequiredtopay/distributedividendafterdeductingapplicabletaxes.TheremittanceofdividendsoutsideIndiais |\n| governed by Indian law on foreign exchange and is also subject to withholding tax at applicable rates. The amount of per share dividend recognized as distribution to equity shareholders in accordance with Companies Act 2013 is as follows: (in ₹) Particulars Three months ended September 30, Six months ended September 30, 2025 2024 2025 2024 Final dividend for fiscal 2025 — — 22.00 — Special dividend for fiscal 2024 — — — 8.00 |\n| Final dividend for fiscal 2024 — — — 20.00 TheBoardofDirectorsintheirmeetingheldonApril17,2025recommendedafinaldividendof₹22/-perequityshareforthefinancialyearendedMarch31,2025.Thesamewasapproved bytheshareholdersattheAnnualGeneralMeeting(AGM)oftheCompanyheldonJune25,2025whichresultedinanetcashoutflowof₹9,119crore,excludingdividendpaidontreasury shares. The final dividend was paid on June 30, 2025. TheBoardofDirectorsintheirmeetingheldonOctober16,2025declaredaninterimdividendof₹23/-perequitysharewhichwouldresultinanetcashoutflowofapproximately₹9,534 crore, excluding dividend paid on treasury shares |\n| Employee Stock Option Plan (ESOP): |\n| Accounting policy TheGrouprecognizescompensationexpenserelatingtoshare-basedpaymentsinnetprofitbasedonestimatedfairvaluesoftheawardsonthegrantdate.Theestimatedfairvalueofawardsis |\n| recognizedasanexpenseinthestatementofprofitandlossonastraight-linebasisovertherequisiteserviceperiodforeachseparatelyvestingportionoftheawardasiftheawardwasin- substance, multiple awards with a corresponding increase to share options outstanding account. |\n| Infosys Expanded Stock Ownership Program 2019 (the 2019 Plan) : OnJune22,2019pursuanttoapprovalbytheshareholdersintheAnnualGeneralMeeting,theBoardhasbeenauthorizedtointroduce,offer,issueandprovideshare-basedincentivesto eligibleemployeesoftheCompanyanditssubsidiariesunderthe2019Plan.Themaximumnumberofsharesunderthe2019Planshallnotexceed5,00,00,000equityshares.Toimplement the2019Plan,upto4,50,00,000equitysharesmaybeissuedbywayofsecondaryacquisitionofsharesbyInfosysExpandedStockOwnershipTrust.TheRestrictedStockUnits(RSUs) |\n| grantedunderthe2019Planshallvestbasedontheachievementofdefinedannualperformanceparametersasdeterminedbytheadministrator(NominationandRemunerationCommittee). TheperformanceparameterswillbebasedonacombinationofrelativeTotalShareholderReturn(TSR)againstselectedindustrypeersandcertainbroadermarketdomesticandglobalindices andoperatingperformancemetricsoftheCompanyasdecidedbyadministrator.Eachoftheaboveperformanceparameterswillbedistinctforthepurposesofcalculationofquantityofshares to vest based on performance. These instruments will generally vest between a minimum of 1 to maximum of 3 years from the grant date. |\n| 2015 Stock Incentive Compensation Plan (the 2015 Plan) : OnMarch31,2016,pursuanttotheapprovalbytheshareholdersthroughpostalballot,theBoardwasauthorizedtointroduce,offer,issueandallotshare-basedincentivestoeligible employeesoftheCompanyanditssubsidiariesunderthe2015StockIncentiveCompensationPlan.Themaximumnumberofsharesunderthe2015Planshallnotexceed2,40,38,883equity |\n| shares(thisincludes1,12,23,576equityshareswhichareheldbythetrusttowardsthe2011PlanasatMarch31,2016).Theseinstrumentswillgenerallyvestoveraperiodof4years.The plan numbers mentioned above are further adjusted with the September 2018 bonus issue. TheequitysettledandcashsettledRSUsandstockoptionswouldvestgenerallyoveraperiodof4yearsandshallbeexercisablewithintheperiodasapprovedbytheNominationand |\n| RemunerationCommittee(NARC).TheexercisepriceoftheRSUswillbeequaltotheparvalueofthesharesandtheexercisepriceofthestockoptionswouldbethemarketpriceasonthe date of grant. Controlledtrustholds90,91,403and96,55,927sharesasatSeptember30,2025andMarch31,2025,respectively,underthe2015Plan.Outoftheseshares,200,000equityshareseachhave |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 181, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "c300e7cddd3af14e", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 182\n\n| The following is the summary of grants made during the three months and six months ended September 30, 2025 and September 30, 2024: Three months ended September 30, Six months ended September 30, Particulars 2025 2024 2025 2024 2015 Plan: RSU |\n|---|\n| Equity settled RSUs Key Management Personnel (KMP) - - 277,077 295,168 Employees other than KMP 2,400 32,850 7,400 129,340 2,400 32,850 284,477 424,508 2015 Plan: Employee Stock Options (ESOPs) Equity settled RSUs Key Management Personnel (KMP) - - 237,370 - Employees other than KMP - - 5,412,790 - - - 5,650,160 - |\n| Cash settled RSUs Key Management Personnel (KMP) - - - - Employees other than KMP - - 108,180 - - - 108,180 - Total Grants under 2015 Plan 2,400 32,850 6,042,817 424,508 2019 Plan: RSU Equity settled RSUs Key Management Personnel (KMP) - - 66,366 70,699 |\n| Employees other than KMP - - - 6,848 - - 66,366 77,547 Total Grants under 2019 Plan - - 66,366 77,547 Notes on grants to KMP: |\n| CEO & MD |\n| Under the 2015 Plan: TheBoard,onApril17,2025,basedontherecommendationsoftheNominationandRemunerationCommitteeapprovedthefollowinggrantsforfiscal2026.Inaccordancewithsuch |\n| approval the following grants were made effective May 2, 2025. -2,30,621performance-basedRSUs(Annualperformanceequitygrant)offairvalueof₹34.75crore.TheseRSUswillvestinlinewiththeemploymentagreementbasedonachievementof certain performance targets. -13,273performance-basedgrantofRSUs(AnnualperformanceequityESGgrant)offairvalueof₹2crore.TheseRSUswillvestinlinewiththeemploymentagreementbasedon |\n| achievement of certain environment, social and governance milestones as determined by the Board. -33,183performance-basedgrantofRSUs(AnnualperformanceEquityTSRgrant)offairvalueof₹5crore.TheseRSUswillvestinlinewiththeemploymentagreementbasedonCompany’s performance on cumulative relative TSR over the years and as determined by the Board. ThoughtheannualtimebasedgrantsandannualperformanceequityTSRgrantfortheremainingemploymenttermendingonMarch31,2027havenotbeengrantedasofSeptember30,2025, |\n| sincetheservicecommencementdateprecedesthegrantdate,thecompanyhasrecordedemploymentstockcompensationexpenseinaccordancewithIndAS102,Sharebasedpayment.The grant date for this purpose in accordance with Ind AS 102, Share based payment is July 01, 2022. |\n| Under the 2019 Plan: TheBoard,onApril17,2025,basedontherecommendationsoftheNominationandRemunerationCommittee,approvedperformance-basedgrantofRSUsamountingto₹10croreforfiscal |\n| 2026 under the 2019 Plan. These RSUs will vest based on achievement of certain performance targets. Accordingly, 66,366 performance based RSU’s were granted effective May 2, 2025. Other KMP Under the 2015 plan: |\n| DuringthesixmonthsendedSeptember30,2025,basedonrecommendationsofNominationandRemunerationCommittee,theBoardapprovedtimebasedgrantsof237,370ESOPstoOther KMPunderthe2015Plan.Thesestockoptionswillvestoveraperiodof4yearsandshallbeexercisablewithintheperiodasapprovedbytheCommittee.Theexercisepriceofthestock options would be the market price as on the date of grant. The break-up of employee stock compensation expense is as follows: (in ₹ crore) Particulars Three months ended September 30, Six months ended September 30, 2025 2024 2025 2024 Granted to: |\n| KMP 18 17 35 35 Employees other than KMP 218 191 436 385 Total (1) 236 208 471 420 (1) Cash-settled stock compensation expense included in the above 4 8 9 12 ThefairvalueoftheawardsareestimatedusingtheBlack-ScholesModelfortimeandnon-marketperformancebasedoptionsandMonteCarlosimulationmodelisusedforTSRbased |\n| options. Theinputstothemodelincludethesharepriceatdateofgrant,exerciseprice,expectedvolatility,expecteddividends,expectedtermandtheriskfreerateofinterest.Expectedvolatility duringtheexpectedtermoftheoptionsisbasedonhistoricalvolatilityoftheobservedmarketpricesoftheCompany'spubliclytradedequitysharesduringaperiodequivalenttotheexpected |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 182, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "0e1e1d8cb9b71ca2", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 183\n\n| The fair value of each equity settled award is estimated on the date of grant using the following assumptions: Particulars For options granted in Fiscal 2026- Fiscal 2026- Fiscal 2026- Fiscal 2025- Fiscal 2025- Equity Shares-RSU Equity Shares- ADS-ESOP Equity Shares-RSU ADS-RSU ESOP Weighted average share price (₹) / ($ ADS) 1,507 1,554 17.93 1,428 18.09 |\n|---|\n| Exercise price (₹) / ($ ADS) 5.00 1,554 17.93 5.00 0.07 Expected volatility (%) 23-25 25-28 26-30 21-26 23-28 Expected life of the option (years) 1-4 3-7 3-7 1-4 1-4 Expected dividends (%) 2-3 2-3 2-3 2-3 2-3 Risk-free interest rate (%) 6 6 4 7 4-5 Weighted average fair value as on grant date (₹) / ($ ADS) 1,355 390 4.09 1,311 16.59 TheexpectedlifeoftheRSU/ESOPisestimatedbasedonthevestingtermandcontractualtermoftheRSU/ESOP,aswellasexpectedexercisebehavioroftheemployeewhoreceivesthe |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 183, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "e9582edeab8b3f0c", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 184\n\n| September 30, 2025 March 31, 2025 |\n|---|\n| Non-current |\n| Others Accrued compensation to employees (1) 98 12 |\n| Accrued expenses (1) 1,921 1,890 Compensated absences 107 99 Financial liability under option arrangements (2) # 124 115 (2) |\n| Payable for acquisition of business - Contingent consideration 70 20 Other Payables (1)(4) — 5 Total non-current other financial liabilities 2,320 2,141 |\n| Current (1) |\n| Unpaid dividends 42 45 Others Accrued compensation to employees (1) 5,062 4,924 Accrued expenses (1) 9,498 8,467 |\n| Payable for acquisition of business - Contingent consideration (2) 25 11 Payable by controlled trusts (1) 173 173 Compensated absences 3,335 2,908 Financial liability under option arrangements (2) # 629 552 Foreign currency forward and options contracts (2) (3) 498 63 |\n| Capital creditors (1) 302 520 Other payables (1)(4) 510 475 Total current other financial liabilities 20,074 18,138 |\n| Total other financial liabilities 22,394 20,279 |\n| (1) Financial liability carried at amortized cost 17,606 16,511 (2) 1,328 728 |\n| Financial liability carried at fair value through profit or loss (3) Financial liability carried at fair value through other comprehensive income 18 33 (4)TheGroupenteredintofinancingarrangementswithathirdpartytowardstechnologyassetstakenoverbytheGroupfromacustomerasapartoftransformation |\n| projectwhichwasnotconsideredasdistinctgoodsorservicesasthecontrolrelatedtothoseassetswasnottransferredtotheGroupinaccordancewithIndAS115 |\n| Revenuefromcontractwithcustomers.AsatSeptember30,2025andMarch31,2025,thefinancialliabilitypertainingtosucharrangementsamountsto₹48crore |\n| and ₹67 crore, respectively. |\n| # Represents liability related to options issued by the Group over the non-controlling interests in its subsidiaries |\n| Accrued expenses primarily relate to cost of technical sub-contractors, telecommunication charges, legal and professional charges, brand building expenses, |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 184, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "eb0b566070bb2126", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 185\n\n| 2.13 OTHER LIABILITIES |\n|---|\n| (In ₹ crore) |\n| Particulars As at |\n| September 30, 2025 March 31, 2025 |\n| Non-current |\n| Others |\n| Accrued defined benefit liability 171 115 |\n| Others 76 100 |\n| Total non-current other liabilities 247 215 |\n| Current |\n| Unearned revenue 9,022 8,492 |\n| Others |\n| Withholding taxes and others 3,435 3,256 |\n| Accrued defined benefit liability 19 6 |\n| Others 12 11 |\n| Total current other liabilities 12,488 11,765 |\n| Total other liabilities 12,735 11,980 |\n| 2.14 PROVISIONS |\n| Accounting policy |\n| Aprovisionisrecognizedif,asaresultofapastevent,theGrouphasapresentlegalorconstructiveobligationthatisreasonablyestimable,anditisprobablethat |\n| anoutflowofeconomicbenefitswillberequiredtosettletheobligation.Provisionsaredeterminedbydiscountingtheexpectedfuturecashflowsatapre-taxrate |\n| thatreflectscurrentmarketassessmentsofthetimevalueofmoneyandtherisksspecifictotheliability.TheGrouprecognizesareimbursementassetwhen,and |\n| only when, it is virtually certain that the reimbursement will be received if the Group settles the obligation. |\n| a. Post sales client support |\n| TheGroupprovidesitsclientswithafixed-periodpostsalessupportonitsfixed-price,fixed-timeframecontracts.Costsassociatedwithsuchsupportservicesare |\n| accruedatthetimerelatedrevenuesarerecordedandincludedinConsolidatedStatementofProfitandLoss.TheGroupestimatessuchcostsbasedonhistorical |\n| experience and estimates are reviewed on a periodic basis for any material changes in assumptions and likelihood of occurrence. |\n| b. Onerous contracts |\n| ProvisionsforonerouscontractsarerecognizedwhentheexpectedbenefitstobederivedbytheGroupfromacontractarelowerthantheunavoidablecostsof |\n| meetingthefutureobligationsunderthecontract.Provisionsforestimatedlosses,ifany,onincompletecontractsarerecordedintheperiodinwhichsuchlosses |\n| becomeprobablebasedontheestimatedeffortsorcoststocompletethecontract.Theprovisionismeasuredatthepresentvalueoftheloweroftheexpectedcostof |\n| terminatingthecontractandtheexpectednetcostofcontinuingwiththecontract.BeforeaprovisionisestablishedtheGrouprecognizesanyimpairmentlosson |\n| the assets associated with that contract. |\n| Provision for post-sales client support and other provisions: |\n| (In ₹ crore) |\n| Particulars As at |\n| September 30, 2025 March 31, 2025 |\n| Current |\n| Others |\n| Post-sales client support and others 1,499 1,325 |\n| Other provisions pertaining to settlement (refer to note 2.21.2) 133 150 |\n| Total provisions 1,632 1,475 |\n| Provisionforpost-salesclientsupportandotherprovisionsmajorlyrepresentscostsassociatedwithprovidingsalessupportserviceswhichareaccruedatthetime |\n| of recognition of revenues and are expected to be utilized over a period of 1 year. |\n| Provision for post sales client support and other provisions is included in cost of sales in the condensed consolidated statement of profit and loss. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 185, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "0c0eb8286b2d0315", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 186\n\n| 2.15 INCOME TAXES |\n|---|\n| Accounting policy Incometaxexpensecomprisescurrentanddeferredincometax.IncometaxexpenseisrecognizedinnetprofitintheConsolidatedStatementofProfitandLossexcepttothe extentthatitrelatestoitemsrecognizeddirectlyinequity,inwhichcaseitisrecognizedinequityorothercomprehensiveincome.Currentincometaxforcurrentandprior periodsisrecognizedattheamountexpectedtobepaidtoorrecoveredfromthetaxauthorities,usingthetaxratesandtaxlawsthathavebeenenactedorsubstantively |\n| enactedbytheBalanceSheetdate.Deferredincometaxassetsandliabilitiesarerecognizedforalltemporarydifferencesarisingbetweenthetaxbasesofassetsandliabilities andtheircarryingamountsinthefinancialstatementsexceptwhenthedeferredincometaxarisesfromtheinitialrecognitionofgoodwilloranassetorliabilityinatransaction thatisnotabusinesscombinationandaffectsneitheraccountingnortaxableprofitorlossatthetimeofthetransaction.Deferredtaxassetsarereviewedateachreportingdate and are reduced to the extent that it is no longer probable that the related tax benefit will be realized. DeferredincometaxassetsandliabilitiesaremeasuredusingtaxratesandtaxlawsthathavebeenenactedorsubstantivelyenactedbytheBalanceSheetdateandareexpected toapplytotaxableincomeintheyearsinwhichthosetemporarydifferencesareexpectedtoberecoveredorsettled.Theeffectofchangesintaxratesondeferredincometax assetsandliabilitiesisrecognizedasincomeorexpenseintheperiodthatincludestheenactmentorthesubstantiveenactmentdate.Adeferredincometaxassetisrecognized |\n| totheextentthatitisprobablethatfuturetaxableprofitwillbeavailableagainstwhichthedeductibletemporarydifferencesandtaxlossescanbeutilized.Deferredincome taxesarenotprovidedontheundistributedearningsofsubsidiariesandbrancheswhereitisexpectedthattheearningsofthesubsidiaryorbranchwillnotbedistributedinthe foreseeable future. TheGroupoffsetscurrenttaxassetsandcurrenttaxliabilities;deferredtaxassetsanddeferredtaxliabilities,whereithasalegallyenforceablerighttosetofftherecognized amountsandwhereitintendseithertosettleonanetbasis,ortorealizetheassetandsettletheliabilitysimultaneously.Theincometaxprovisionfortheinterimperiodis |\n| madebasedonthebestestimateoftheannualaveragetaxrateexpectedtobeapplicableforthefullfinancialyear.Taxbenefitsofdeductionsearnedonexerciseofemployee share options in excess of compensation charged to income are credited to equity. Income tax expense in the condensed Consolidated Statement of Profit and Loss comprises: (In ₹ crore) Particulars Three months ended September 30, Six months ended September 30, 2025 2024 2025 2024 |\n| Current taxes 3,178 3,146 6,232 6,144 Deferred taxes (324) (409) (562) (760) Income tax expense 2,854 2,737 5,670 5,384 IncometaxexpenseforthethreemonthsendedSeptember30,2025andSeptember30,2024includesreversals(netofprovisions)of₹2croreandprovisions(netofreversals) of₹83crore,respectively.IncometaxexpenseforthesixmonthsendedSeptember30,2025andSeptember30,2024includesprovisions(netofreversals)of₹114croreand |\n| provisions(netofreversals)of₹143crore,respectively.Theseprovisionsandreversalspertainingtopriorperiodsareprimarilyonaccountofadjudicationofcertaindisputed matters, upon filing of tax return and completion of assessments, across various jurisdictions. DeferredincometaxforthethreemonthsandsixmonthsendedSeptember30,2025andSeptember30,2024substantiallyrelatestooriginationandreversaloftemporary differences. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 186, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "4f3d9c9f0f4757fe", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 187\n\n| 2.16 REVENUE FROM OPERATIONS |\n|---|\n| Accounting policy TheGroupderivesrevenuesprimarilyfromITservicescomprisingsoftwaredevelopmentandrelatedservices,cloudandinfrastructureservices,maintenance,consultingandpackage |\n| implementation, licensing ofsoftwareproductsand platforms acrosstheGroup’scoreand digitalofferings(together called as“softwarerelated services”) and businessprocess management services. Contracts with customers are either on a time-and-material, unit of work, fixed-price or on a fixed-timeframe basis. Revenuesfromcustomercontractsareconsideredforrecognitionandmeasurementwhenthecontracthasbeenapprovedinwritingbytheparties,tothecontract,thepartiesto contractarecommittedtoperformtheirrespectiveobligationsunderthecontract,andthecontractislegallyenforceable.Revenueisrecognizedupontransferofcontrolofpromised |\n| productsorservices(“performanceobligations”)tocustomersinanamountthatreflectstheconsiderationtheGrouphasreceivedorexpectstoreceiveinexchangefortheseproducts or services (“transaction price”). When there is uncertainty as to collectability, revenue recognition is postponed until such uncertainty is resolved. TheGroupassessestheservicespromised ina contractand identifiesdistinctperformanceobligationsinthecontract.TheGroupallocates thetransaction pricetoeachdistinct performanceobligationbasedontherelativestandalonesellingprice.Thepricethatisregularlychargedforanitemwhensoldseparatelyisthebestevidenceofitsstandaloneselling |\n| price.Intheabsenceofsuchevidence,theprimarymethodusedtoestimatestandalonesellingpriceistheexpectedcostplusamargin,underwhichtheGroupestimatesthecostof satisfying the performance obligation and then adds an appropriate margin based on similar services. TheGroup’scontractsmayincludevariableconsiderationincludingrebates,volumediscountsandpenalties.TheGroupincludesvariableconsiderationaspartoftransactionprice whenthereisabasistoreasonablyestimatetheamountofthevariableconsiderationandwhenitisprobablethatasignificantreversalofcumulativerevenuerecognizedwillnotoccur |\n| when the uncertainty associated with the variable consideration is resolved. Revenue on time-and-material and unit of work based contracts, are recognized as the related services are performed. Fixed price maintenance revenue is recognized ratably either on a straight-linebasiswhenservicesareperformedthroughanindefinitenumberofrepetitiveactsoveraspecifiedperiodorratablyusingapercentageofcompletionmethodwhenthe patternofbenefitsfromtheservicesrenderedtothecustomerandtheGroup’scoststofulfilthecontractisnoteventhroughtheperiodofcontractbecausetheservicesaregenerally discreteinnatureandnotrepetitive.Revenuefromotherfixed-price,fixed-timeframecontracts,wheretheperformanceobligationsaresatisfiedovertimeisrecognizedusingthe |\n| percentage-of-completion method. Effortsor costsexpended areusedtodetermineprogress towardscompletion asthereis a directrelationship between inputandproductivity. Progresstowardscompletionismeasuredastheratioofcostsoreffortsincurredtodate(representingworkperformed)totheestimatedtotalcostsorefforts.Estimatesoftransaction priceandtotalcostsoreffortsarecontinuouslymonitoredoverthetermofthecontractsandarerecognizedinnetprofitintheperiodwhentheseestimateschangeorwhenthe estimatesarerevised.Revenuesandtheestimatedtotalcostsoreffortsaresubjecttorevisionasthecontractprogresses.Provisionsforestimatedlosses,ifany,onincompletecontracts are recorded in the period in which such losses become probable based on the estimated efforts or costs to complete the contract. Thebillingschedulesagreedwithcustomersincludeperiodicperformancebasedbillingand/ormilestonebasedprogressbillings.Revenuesinexcessofbillingareclassifiedas |\n| unbilled revenue while billing in excess of revenues are classified as contract liabilities (which we refer to as unearned revenues). Inarrangementsforsoftwaredevelopmentandrelatedservicesandmaintenanceservices,byapplyingtherevenuerecognitioncriteriaforeachdistinctperformanceobligation,the arrangementswithcustomersgenerallymeetthecriteriaforconsideringsoftwaredevelopmentandrelatedservicesasdistinctperformanceobligations.Forallocatingthetransaction price,theGroupmeasurestherevenueinrespectofeachperformanceobligationofacontractatitsrelativestandalonesellingprice.Thepricethatisregularlychargedforanitem |\n| whensoldseparatelyisthebestevidenceofitsstandalonesellingprice.IncaseswheretheGroupisunabletodeterminethestandalonesellingprice,theGroupusestheexpectedcost plusmarginapproachinestimatingthestandalonesellingprice.Forsoftwaredevelopmentandrelatedservices,theperformanceobligationsaresatisfiedasandwhentheservicesare rendered since the customer generally obtains control of the work as it progresses. Certaincloudandinfrastructureservicescontractsincludemultipleelementswhichmay be subjecttootherspecificaccountingguidance,suchasleasingguidance.Thesecontracts areaccountedinaccordancewithsuchspecificaccountingguidance.InsucharrangementswheretheGroupisabletodeterminethathardwareandservicesaredistinctperformance obligations,itallocatestheconsiderationtotheseperformanceobligationsonarelativestandalonesellingpricebasis.Intheabsenceofstandalonesellingprice,theGroupusesthe |\n| expectedcost-plusmarginapproachinestimatingthestandalonesellingprice.Whensuch arrangementsareconsideredasasingleperformanceobligation,revenueisrecognized over the period and measure of progress is determined based on promise in the contract. Revenuefromlicenseswherethecustomerobtainsa“righttouse”thelicensesisrecognizedatthetimethelicensearemadeavailabletothecustomer.Revenuefromlicenseswhere |\n| the customer obtains a “right to access” is recognized over the access period. Arrangementstodeliversoftwareproductsgenerallyhavethreeelements:license,implementationandAnnualTechnicalServices(ATS).Whenimplementationservicesareprovided inconjunctionwiththelicensingarrangementandthelicenseandimplementationhavebeenidentifiedastwodistinctseparateperformanceobligations,thetransactionpriceforsuch contractsareallocatedtoeachperformanceobligationofthecontractbasedontheirrelativestandalonesellingprices.Intheabsenceofstandalonesellingpriceforimplementation, the Group uses the expected cost plus margin approach in estimating the standalone selling price. Where the license is required to be substantiallycustomized as part of the |\n| implementation service the entire arrangement fee for license and implementation is considered to be a single performance obligation and the revenue is recognized using the percentage-of-completion method as the implementation is performed. Revenue from client training, support and other services arising due to the sale of software products is recognized as the performance obligations are satisfied. ATS revenue is recognized ratably on a straight line basis over the period in which the services are rendered. Contractswithcustomersincludessubcontractorservicesorthird-partyvendorequipmentorsoftwareincertainintegratedservicesarrangements.Inthesetypesofarrangements, revenuefromsalesofthird-partyvendorproductsorservicesisrecordednetofcostswhentheGroupisactingasanagentbetweenthecustomerandthevendor,andgrosswhenthe |\n| Groupistheprincipalforthetransaction.Indoingso,theGroupfirstevaluateswhetheritobtainscontrolofthespecifiedgoodsorservicesbeforetheyaretransferredtothecustomer. TheGroupconsiderswhetheritisprimarilyresponsibleforfulfillingthepromisetoprovidethespecifiedgoodsorservices,inventoryrisk,pricingdiscretionandotherfactorsto determine whether it controls the specified goods or services and therefore, is acting as a principal or an agent. Acontractmodificationisachangeinthescopeorpriceorbothofacontractthatisapprovedbythepartiestothecontract.Acontractmodificationthatresultsintheadditionof distinctperformanceobligationsareaccountedforeitherasaseparatecontractiftheadditionalservicesarepricedatthestandalonesellingpriceorasaterminationoftheexisting |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 187, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "5bf17ecf6ce27972", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 188\n\n| recover them. Certaineligible,nonrecurringcosts(e.g.set-uportransitionortransformationcosts)thatdonotrepresentaseparateperformanceobligationarerecognizedasanassetwhensuch |\n|---|\n| costs(a)relatedirectlytothecontract;(b)generateorenhanceresourcesoftheGroupthatwillbeusedinsatisfyingtheperformanceobligationinthefuture;and(c)areexpectedtobe recovered. Capitalizedcontractcostsrelatingtoupfrontpaymentstocustomersareamortizedtorevenueandothercapitalizedcosts areamortizedtoexpenses overtherespectivecontractlifeon |\n| asystematicbasisconsistentwiththetransferofgoodsorservicestocustomertowhichtheassetrelates.Capitalizedcostsaremonitoredregularlyforimpairment.Impairmentlosses are recorded when present value of projected remaining operating cash flows is not sufficient to recover the carrying amount of the capitalized costs. |\n| The Group presents revenues net of indirect taxes in its Consolidated Statement of Profit and Loss. Revenue from operation for the three months and six months ended September 30, 2025 and September 30, 2024 are as follows: |\n| (In ₹ crore) Particulars Three months ended September 30, Six months ended September 30, 2025 2024 2025 2024 Revenue from software services 42,392 39,133 82,723 76,629 |\n| Revenue from products and platforms 2,098 1,853 4,046 3,671 Total revenue from operations 44,490 40,986 86,769 80,300 |\n| Products & platforms TheGroupalsoderivesrevenuesfromthesaleofproductsandplatformslikeFinacle–corebankingsolution,EdgeSuiteofproducts,Panayaplatform,Staterdigitalplatformand |\n| Infosys McCamish – insurance platform. |\n| Disaggregated revenue information Revenuedisaggregationbybusinesssegmentshasbeenincludedinsegmentinformation(RefertoNote2.23).Thetablebelowpresentsdisaggregatedrevenuesfromcontractswith customersbygeographyandcontracttype.TheGroupbelievesthatthisdisaggregationbestdepictshowthenature,amount,timinganduncertaintyofrevenuesandcashflowsare |\n| affected by industry, market and other economic factors. For the three months and six months ended September 30, 2025 and September 30, 2024: (In ₹ crore) Particulars Three months ended September 30, Six months ended September 30, 2025 2024 2025 2024 Revenues by Geography* North America 25,027 23,507 48,894 46,649 |\n| Europe 14,125 12,208 27,463 23,394 India 1,387 1,288 2,606 2,515 Rest of the world 3,951 3,983 7,806 7,742 Total 44,490 40,986 86,769 80,300 * Geographical revenue is based on the domicile of customer Thepercentageofrevenuefromfixed-pricecontractsforeachofthethreemonthsendedSeptember30,2025andSeptember30,2024is54%.Thepercentageofrevenuefromfixed- |\n| price contracts for each of the six months ended September 30, 2025 and September 30, 2024 is 54%. |\n| Trade Receivables and Contract Balances Thetimingofrevenuerecognition,billingsandcashcollectionsresultsinreceivables,unbilledrevenue,andunearnedrevenueontheGroup’sConsolidatedBalanceSheet.Amounts |\n| are billed as work progresses in accordance with agreed-upon contractual terms, either at periodic intervals (e.g., monthly or quarterly) or upon achievement of contractual milestones. TheGroup’sreceivablesarerightstoconsiderationthatareunconditional. Unbilledrevenuescomprisingrevenuesinexcessofbillingsfromtimeandmaterialcontractsandfixed |\n| price maintenance contracts are classified as financial asset when the right to consideration is unconditional and is due only after a passage of time. Invoicingtotheclientsforotherfixedpricecontractsisbasedonmilestonesasdefinedinthecontractandthereforethetimingofrevenuerecognitionisdifferentfromthetimingof |\n| invoicing to the customers. Therefore unbilled revenues for other fixed price contracts (contract asset) are classified as non-financial asset becausethe rightto consideration is dependent on completion of contractual milestones. |\n| Invoicing in excess of earnings are classified as unearned revenue. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 188, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "c0215276fa6e01d7", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 189\n\n| X15AO2.17 OTHER INCOME, NET |\n|---|\n| Accounting policy Otherincomeiscomprisedprimarilyofinterestincome,dividendincome,gain/lossoninvestmentandexchangegain/lossonforwardandoptionscontractsandon |\n| translationofforeigncurrencyassetsandliabilities.Interestincomeisrecognizedusingtheeffectiveinterestmethod.Dividendincomeisrecognizedwhentherightto receive payment is established. |\n| Foreign currency |\n| Accounting policy Functional currency |\n| ThefunctionalcurrencyofInfosys,itsIndiansubsidiariesandcontrolledtrustsistheIndianrupee.Thefunctionalcurrenciesforforeignsubsidiariesaretheirrespective local currencies. These financial statements are presented in Indian rupees (rounded off to crore; one crore equals ten million). |\n| Transactions and translations Foreign-currencydenominatedmonetaryassetsandliabilitiesaretranslatedintotherelevantfunctionalcurrencyatexchangeratesineffectattheBalanceSheetdate. ThegainsorlossesresultingfromsuchtranslationsarerecognizedintheCondensedConsolidatedStatementofProfitandLossandreportedwithinexchangegains/ (losses)ontranslationofassetsandliabilities,net, exceptwhendeferredinOtherComprehensiveIncomeasqualifyingcashflowhedges.Non-monetaryassetsandnon monetaryliabilities denominated in aforeigncurrencyand measured atfairvaluearetranslatedattheexchangerateprevalentatthedatewhen thefairvaluewas determined.Non-monetaryassetsandnon-monetaryliabilitiesdenominatedinaforeigncurrencyandmeasuredathistoricalcostaretranslatedattheexchangerate |\n| prevalent at the date of transaction. The related revenue and expense are recognized using the same exchange rate. Transactiongainsorlossesrealizeduponsettlementofforeigncurrencytransactionsareincludedindeterminingnetprofitfortheperiodinwhichthetransactionis settled.Revenue,expenseandcash-flowitemsdenominatedinforeigncurrenciesaretranslatedintotherelevantfunctionalcurrenciesusingtheexchangerateineffect on the date of the transaction. Thetranslationoffinancialstatementsoftheforeignsubsidiariestothepresentationcurrency isperformedforassetsandliabilitiesusingtheexchangerateineffectat theBalanceSheetdateandforrevenue,expenseandcash-flowitemsusingtheaverageexchangeratefortherespectiveperiods.Thegainsorlossesresultingfromsuch |\n| translationareincludedincurrencytranslationreservesunderothercomponentsofequity.Whenasubsidiaryisdisposedoff,infull,therelevantamountistransferred tonetprofitintheCondensedConsolidatedStatementofProfitandLoss.Howeverwhenachangeintheparent'sownershipdoesnotresultinlossofcontrolofa subsidiary, such changes are recorded through equity. Other Comprehensive Income, net of taxes includes translation differences on non-monetary financial assets measured at fair value at the reporting date, such as |\n| equities classified as financial instruments and measured at fair value through other comprehensive income (FVOCI). Goodwillandfairvalueadjustmentsarisingontheacquisitionofaforeignentityaretreatedasassetsandliabilitiesoftheforeignentityandtranslatedattheexchange |\n| rate in effect at the Balance Sheet date. |\n| Government grant TheGrouprecognizesgovernmentgrantsonlywhenthereisreasonableassurancethattheconditionsattachedtothemshallbecompliedwith,andthegrantswillbe received.GovernmentgrantsrelatedtoassetsaretreatedasdeferredincomeandarerecognizedinnetprofitintheConsolidatedStatementofProfitandLossona |\n| systematicandrationalbasisovertheusefullifeoftheasset.GovernmentgrantsrelatedtorevenuearerecognizedonasystematicbasisinnetprofitintheConsolidated Statement of Profit and Loss over the periods necessary to match them with the related costs which they are intended to compensate. Other income for the three months and six months ended September 30, 2025 and September 30, 2024 is as follows: |\n| (In ₹ crore) Particulars Three months ended September 30, Six months ended September 30, 2025 2024 2025 2024 |\n| Interest income on financial assets carried at amortized cost Tax free bonds and Government bonds 16 31 42 61 |\n| Deposit with Bank and others 475 342 938 649 Interest income on financial assets carried at fair value through other comprehensive income |\n| Non-convertible debentures, commercial paper, certificates of deposit and government securities 242 218 574 547 Income on investments carried at fair value through profit or loss |\n| Gain / (loss) on liquid mutual funds and other investments 54 72 131 181 |\n| Income on investments carried at fair value through other comprehensive income 2 2 1 2 Income on investments carried at amortized cost 57 — 81 — |\n| Exchange gains / (losses) on forward and options contracts (678) ( 399) (1,350) ( 365) |\n| Exchange gains / (losses) on translation of other assets and liabilities 797 386 1,540 388 Miscellaneous income, net 17 60 67 88 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 189, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "e18bf6f7be696f23", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 190\n\n| benefits. The defined benefit plans require contributions which are based on a percentage of salary that varies depending on the age of the respective employees. Liabilities withregard tothesedefinedbenefitplansaredeterminedbyactuarialvaluation, performedbyanexternalactuary,ateachBalanceSheetdateusingthe projected unit credit method. These defined benefit plans expose the Group to actuarial risks, such as longevity risk, interest rate risk and market risk. TheGrouprecognizesthenetobligationofadefinedbenefitplaninitsBalanceSheetasanassetorliability.Gainsandlossesthroughre-measurementsofthenet definedbenefitliability/(asset)arerecognizedinothercomprehensiveincomeandarenotreclassifiedtoprofitorlossinsubsequentperiods.Theactualreturnofthe portfolio of plan assets, in excess of the yields computed by applying the discount rate used to measure the defined benefit obligation is recognized in other comprehensive income. The effect of any plan amendments is recognized in net profit in the Consolidated Statement of Profit and Loss. Provident fund EligibleemployeesofInfosysreceivebenefitsfromaprovidentfund,whichisadefinedbenefitplan.Boththeeligibleemployeeand theCompanymakemonthly contributionstotheprovidentfundplanequaltoaspecifiedpercentageofthecoveredemployee'ssalary.TheCompanycontributesaportiontotheInfosysLimited |\n|---|\n| Employees' Provident Fund Trust. The trust invests in specific designated instruments as permitted by Indian law. The remaining portion is contributed to the governmentadministeredpensionfund.TherateatwhichtheannualinterestispayabletothebeneficiariesbythetrustisbeingadministeredbytheGovernmentof India. The Company has an obligation to make good the shortfall, if any, between the return from the investments of the trust and the notified interest rate. InrespectofIndiansubsidiaries,eligibleemployeesreceivebenefitsfromaprovidentfund,whichisadefinedcontributionplan.Boththeeligibleemployeeandthe respectivecompaniesmakemonthlycontributionstothisprovidentfundplanequaltoaspecifiedpercentageofthecoveredemployee'ssalary.Amountscollectedunder |\n| the provident fund plan are deposited in a government administered provident fund. The Companies have no further obligation to the plan beyond its monthly contributions. |\n| Superannuation CertainemployeesofInfosys,InfosysBPMandEdgeVerveareparticipantsinadefinedcontributionplan.TheGrouphasnofurtherobligationstotheplanbeyondits |\n| monthly contributions which are periodically contributed to a trust fund, the corpus of which is invested with the Life Insurance Corporation of India. |\n| Compensated absences The Group has a policyon compensated absences which are both accumulating and non-accumulating in nature. The expected cost of accumulating compensated absencesisdeterminedbyactuarialvaluationperformedbyanexternalactuaryateachBalanceSheetdateusingprojectedunitcreditmethodontheadditionalamount |\n| expectedtobepaid/availedasaresultoftheunusedentitlementthathasaccumulatedattheBalanceSheetdate.Expenseonnon-accumulatingcompensatedabsencesis recognized in the period in which the absences occur. (In ₹ crore) |\n| Particulars Three months ended September 30, Six months ended September 30, 2025 2024 2025 2024 |\n| Employee benefit expenses Salaries including bonus 22,396 20,648 44,221 40,671 |\n| Contribution to provident and other funds 651 574 1,299 1,147 |\n| Share based payments to employees (Refer to Note 2.11) 236 208 471 420 Staff welfare 155 134 293 260 |\n| 23,438 21,564 46,284 42,498 Cost of software packages and others |\n| For own use 693 612 1,368 1,201 |\n| Third party items bought for service delivery to clients 3,332 3,337 6,403 6,203 |\n| 4,025 3,949 7,771 7,404 Other expenses |\n| Repairs and maintenance 376 327 734 661 |\n| Power and fuel 60 58 114 122 |\n| Brand and marketing 289 254 676 605 |\n| Rates and taxes 84 90 172 207 |\n| Consumables 65 52 119 102 |\n| Insurance 86 77 165 152 |\n| Provision for post-sales client support and others 81 134 (97) 26 |\n| Commission to non-whole time directors 5 4 9 8 |\n| Impairment loss recognized / (reversed) under expected credit loss model (1) 99 34 95 |\n| Contributions towards Corporate Social Responsibility 148 158 265 329 |\n| Others 241 143 366 338 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 190, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "50582d3c191fc465", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 191\n\n| 2.19 Leases |\n|---|\n| Accounting Policy |\n| The Group as a lessee TheGroup’sleaseassetclassesprimarilyconsistofleasesforland,buildingsandcomputers.TheGroupassesseswhetheracontractcontainsalease,atinceptionofa contract.Acontractis,orcontains,aleaseifthecontractconveystherighttocontroltheuseofanidentifiedassetforaperiodoftimeinexchangeforconsideration.To assesswhetheracontractconveystherighttocontroltheuseofanidentifiedasset,thegroupassesseswhether:(1)thecontractinvolvestheuseofanidentifiedasset |\n| (2)theGrouphassubstantiallyalloftheeconomicbenefitsfromuseoftheassetthroughtheperiodoftheleaseand(3)theGrouphastherighttodirecttheuseofthe asset. Atthedateofcommencementofthelease,theGrouprecognizesaright-of-useasset(“ROU”)andacorrespondingleaseliabilityforallleasearrangementsinwhichit |\n| is a lessee, except for leases with aterm of twelve months or less (short-term leases) and lowvalue leases. For these short-term and low valueleases, theGroup recognizes the lease payments as an operating expense on a straight-line basis over the term of the lease. Asalessee,theGroupdeterminestheleasetermasthenon-cancellableperiodofaleaseadjustedwithanyoptiontoextendorterminatethelease,iftheuseofsuch optionisreasonablycertain.TheGroupmakesanassessmentontheexpectedleasetermonalease-by-leasebasisandtherebyassesseswhetheritisreasonablycertain that any options to extend or terminate the contract will be exercised. In evaluating the lease term, the Group considers factors such as any significant leasehold |\n| improvementsundertakenovertheleaseterm,costsrelatingtotheterminationoftheleaseandtheimportanceoftheunderlyingassettoGroup’s operationstakinginto accountthelocationoftheunderlyingassetandtheavailabilityof suitablealternatives. Theleasetermin futureperiods isreassessed toensurethattheleaseterm reflects the current economic circumstances. Certainleasearrangementsincludestheoptionstoextendorterminatetheleasebeforetheendoftheleaseterm.ROUassetsandleaseliabilitiesincludestheseoptions |\n| when it is reasonably certain that they will be exercised. Theright-of-useassetsareinitiallyrecognizedatcost,whichcomprisestheinitialamountoftheleaseliabilityadjustedforanyleasepaymentsmadeatorpriortothe commencement date of the lease plus anyinitialdirect costs less anylease incentives. Theyare subsequentlymeasured at cost less accumulated depreciation and |\n| impairment losses. |\n| Right-of-use assets are depreciated from the commencement date on a straight-line basis over the shorter of the lease term and useful life of the underlying asset. Right-of-useassetsareevaluatedforrecoverabilitywhenevereventsorchangesincircumstancesindicatethattheircarryingamountsmaynotberecoverable.Forthe purposeofimpairmenttesting,therecoverableamount(i.e.thehigherofthefairvaluelesscosttosellandthevalue-in-use)isdeterminedonanindividualassetbasis |\n| unlesstheassetdoesnotgeneratecashflowsthatarelargelyindependentofthosefromotherassets.Insuchcases,therecoverableamountisdeterminedfortheCash Generating Unit (CGU) to which the asset belongs. Theleaseliabilityisinitiallymeasuredatamortizedcostatthepresentvalueofthefutureleasepayments.Theleasepaymentsarediscountedusingtheinterestrate |\n| implicit in the lease or, if not readily determinable, using the incremental borrowing rates in the country of domicile of these leases. Lease liabilities are remeasured with a corresponding adjustment to the related right-of-use asset if the Group changes its assessment if whether it will exercise an extension or a termination option. |\n| Lease liability and ROU asset have been separately presented in the Balance Sheet and lease payments have been classified as financing cash flows. |\n| The Group as a lessor LeasesforwhichtheGroupisalessorisclassifiedasafinanceoroperatinglease.Wheneverthetermsoftheleasetransfersubstantiallyalltherisksandrewardsof |\n| ownership to the lessee, the contract is classified as a finance lease. All other leases are classified as operating leases. WhentheGroupisanintermediatelessor,itaccountsforitsinterestsintheheadleaseandthesubleaseseparately.Thesubleaseisclassifiedasafinanceoroperating |\n| lease by reference to the right-of-use asset arising from the head lease. |\n| For operating leases, rental income is recognized on a straight line basis over the term of the relevant lease. Following are the changes in the carrying value of right-of-use assets for the three months ended September 30, 2025: |\n| (In ₹ crore) Particulars Category of ROU asset Land Buildings Vehicles Computers Total Balance as at July 1, 2025 599 3,366 24 2,352 6,341 |\n| Additions* — 118 2 490 610 Deletions — — — (175) (175) |\n| Depreciation (2) (187) (3) (303) (495) |\n| Translation difference 3 32 1 73 109 Balance as at September 30, 2025 600 3,329 24 2,437 6,390 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 191, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "1764048b3fb18d45", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 192\n\n| (In ₹ crore) Particulars Category of ROU asset Land Buildings Vehicles Computers Total Balance as of July 1, 2024 603 3,387 17 2,505 6,512 |\n|---|\n| Additions* — 112 3 390 505 Addition due to Business Combination (Refer Note 2.1) — 155 5 — 160 Deletions — (35) (6) (166) (207) |\n| Depreciation (1) (167) (4) (225) (397) |\n| Translation difference 2 29 8 80 119 Balance as of September 30, 2024 604 3,481 23 2,584 6,692 |\n| * Net of adjustments on account of modifications Following are the changes in the carrying value of right-of-use assets for the six months ended September 30, 2025: |\n| (In ₹ crore) Particulars Category of ROU asset Land Buildings Vehicles Computers Total Balance as of April 1, 2025 600 3,348 24 2,339 6,311 |\n| Additions* — 293 3 857 1,153 Deletions — (19) — (369) (388) |\n| Depreciation (3) (374) (6) (576) (959) |\n| Translation difference 3 81 3 186 273 Balance as of September 30, 2025 600 3,329 24 2,437 6,390 |\n| * Net of adjustments on account of modifications. Following are the changes in the carrying value of right-of-use assets for the six months ended September 30, 2024: |\n| (In ₹ crore) Particulars Category of ROU asset Land Buildings Vehicles Computers Total Balance as of April 1, 2024 605 3,298 17 2,632 6,552 |\n| Additions* — 385 6 674 1,065 Addition due to Business Combination (Refer to Note 2.1) — 155 5 — 160 Deletions — (35) (6) (315) (356) |\n| Depreciation (3) (348) (6) (473) (830) |\n| Translation difference 2 26 7 66 101 Balance as of September 30, 2024 604 3,481 23 2,584 6,692 |\n| * Net of adjustments on account of modifications TheaggregatedepreciationexpenseonROUassetsisincludedunderdepreciationandamortizationexpenseintheinterimcondensedConsolidatedStatementofProfit |\n| and Loss. The following is the break-up of current and non-current lease liabilities as at September 30, 2025 and March 31, 2025: |\n| (In ₹ crore) Particulars As at |\n| September 30, 2025 March 31, 2025 Current lease liabilities 2,772 2,455 |\n| Non-current lease liabilities 5,983 5,772 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 192, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "65c69da2371b459e", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 193\n\n| 2X17AO .20 EARNINGS PER EQUITY SHARE |\n|---|\n| Accounting policy |\n| BasicearningsperequityshareiscomputedbydividingthenetprofitattributabletotheequityholdersoftheGroupbytheweightedaveragenumberof |\n| equitysharesoutstandingduringtheperiod.Dilutedearningsperequityshareiscomputedbydividingthenetprofitattributabletotheequityholdersofthe |\n| Groupbytheweightedaveragenumberofequitysharesconsideredforderivingbasicearningsperequityshareandalsotheweightedaveragenumberof |\n| equitysharesthatcouldhavebeenissueduponconversionofalldilutivepotentialequityshares.Thedilutivepotentialequitysharesareadjustedforthe |\n| proceeds receivable had the equity shares been actually issued at fair value (i.e. the average market value of the outstanding equity shares). Dilutive |\n| potentialequitysharesaredeemedconvertedasatthebeginningoftheperiod,unlessissuedatalaterdate.Dilutivepotentialequitysharesaredetermined |\n| independently for each period presented. |\n| Thenumberofequitysharesandpotentiallydilutiveequitysharesareadjustedretrospectivelyforallperiodspresentedforanysharesplitsandbonusshares |\n| issues including for changes effected prior to the approval of the financial statements by the Board of Directors. |\n| 2.21 CONTINGENT LIABILITIES AND COMMITMENTS |\n| Accounting policy |\n| Contingentliabilityisapossibleobligationarisingfrompasteventsandwhoseexistencewillbeconfirmedonlybytheoccurrenceornon-occurrenceofone |\n| ormoreuncertainfutureeventsnotwhollywithinthecontroloftheentityorapresentobligation thatarisesfrompasteventsbutisnotrecognizedbecause |\n| itisnotprobablethatanoutflowofresourcesembodyingeconomicbenefitswillberequiredtosettletheobligationor theamountoftheobligationcannot |\n| be measured with sufficient reliability. |\n| 2.21.1 Contingent liability |\n| (In ₹ crore) As at Particulars |\n| September 30, 2025 March 31, 2025 Contingent liabilities : |\n| Claims against the Group, not acknowledged as debts(1) 2,994 2,953 |\n| [Amount paid to statutory authorities ₹1,230 crore (₹4,207 crore)] |\n| (1) |\n| As at September 30, 2025 and March 31, 2025, claims against the Group not acknowledged as debts in respect of income tax matters amounted to ₹2,003 crore and ₹1,933 crore, respectively. |\n| TheclaimsagainsttheGroupprimarilyrepresentdemandsarisingoncompletionofassessmentproceedingsundertheIncomeTaxAct,1961.Theseclaims |\n| areonaccountofissuesofdisallowanceofexpendituretowardssoftwarebeingheldascapitalinnature,paymentsmadetoAssociatedEnterprisesheldas |\n| liable for withholding of taxes, among others. These matters are pendingbefore various Income Tax Authorities and the Management including its tax |\n| advisorsexpectthatitspositionwilllikelybeupheldonultimateresolutionandwillnothaveamaterialadverseeffectontheGroup'sfinancialpositionand |\n| results of operations. |\n| Amount paid to statutoryauthorities against the tax claims amounted to₹1,213 crore and ₹4,199 crore as atSeptember 30,2025 andMarch 31,2025, |\n| respectively. |\n| 2.21.2 Legal Proceedings |\n| McCamish Cybersecurity incident |\n| InNovember2023,certainsystemsofInfosysMcCamishSystemsLLC(“McCamish”),asubsidiaryofInfosysBPMLimited(awhollyownedsubsidiary |\n| ofInfosysLimited),wereencryptedbyransomware,resultinginthenon-availabilityofcertainapplicationsandsystems.McCamishinitiateditsincident |\n| responseandengaged cybersecurityandother specialists toassistin itsinvestigation of andresponse tothe incidentand remediationand restoration of |\n| impacted applications and systems. By December 31, 2023, McCamish, with external specialists’ assistance, substantially remediated and restored the |\n| affectedapplicationsandsystems.ActionstakenbyMcCamishincludedinvestigativeanalysisconductedbyathird-partycybersecurityfirmtodetermine, |\n| amongotherthings,whetherandtheextenttowhichcompanyorcustomerdatawassubjecttounauthorizedaccessorexfiltration.McCamishalsoengaged |\n| a third-party eDiscovery vendor in assessing the extent and nature of such data. McCamish in coordination with its third-party eDiscovery vendor has |\n| identifiedcorporatecustomersandindividualswhoseinformationwassubjecttounauthorizedaccessandexfiltration.McCamishprocessespersonaldata |\n| on behalf of its corporate customers. |\n| FromMarch6,2024throughJuly25,2024,sixactionswerefiledintheU.S.DistrictCourtfortheNorthernDistrictofGeorgiaagainstMcCamish.The |\n| actionsariseoutofthecybersecurityincidentatMcCamishinitiallydisclosedonNovember3,2023.Allsixactionshavesincebeenconsolidated,andthe |\n| consolidatedclassactioncomplaintwasfiledonNovember7,2024,purportedlyonbehalfofallpersonsresidingintheUnitedStateswhosepersonally |\n| identifiableinformationwascompromisedintheincident,includingallwhoweresentanoticeoftheincident.OnDecember20,2024,theCourtgranted |\n| theparties’jointmotiontostayproceedingspendingtheparties’effortstoresolvethelawsuitthroughmediation.OnMarch13,2025,McCamishandthe |\n| plaintiffsengagedinmediation,resultinginanin-principleagreementthatsetsforththetermsofaproposedsettlementoftheclassactionlawsuitsagainst |\n| McCamish, as well as seven class action lawsuits arising out of the incident that have been filed against McCamish’s customers. On May 9, 2025, |\n| McCamishandtheplaintiffsenteredintoadefinitivesettlementagreement,andtheplaintiffsmovedforpreliminaryapprovalofthesettlement.Underthe |\n| settlementterms,McCamishhasagreedtopay$17.5million(approximately₹150crore)intoafundtosettlethesematters.OnJuly16,2025,theCourt |\n| granted preliminary approval of the settlement. The settlement remains subject to final court approval. If approved, the settlement will resolve all |\n| allegations made in the class action lawsuits without admission of any liability. |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 193, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "5c524a6b0fdd2253", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 194\n\n| DuringthethreemonthsendedMarch31,2025,McCamishhadrecordedanaccrualof$17.5million(approximately₹150crore)relatedtothesettlement |\n|---|\n| andhadrecognizedaninsurancereimbursementreceivableof$17million(approximately₹145crore)whichhasbeenoffsetagainstthesettlementexpense |\n| of$17.5million(approximately₹150crore)intheStatementofComprehensiveIncome.McCamishmayincuradditionalcostsincludingfromindemnities |\n| or damages/claims, which are indeterminable at this time. |\n| Government Investigation |\n| The U.S. Department of Justice (“DOJ”) is conducting an investigation regarding how the Company classified certain H-1B visa-recipient employees |\n| workingforoneofitsclientsinimmigrationdocumentsfiledwithcertainU.S.governmentauthorities. TheCompanyisengagedindiscussionswiththe |\n| DOJ regarding its ongoing investigation and has commenced its own inquiryregarding the matter. At this stage, the Companyis unabletopredictthe |\n| outcome of this matter, including whether such outcome could have a material adverse effect on the Company’s business and results of operations. |\n| Others |\n| Apart from the foregoing, the Group is subject to legal proceedings and claims which have arisen in the ordinary course of business. The Group’s |\n| managementreasonablyexpectsthatsuchordinarycourselegalactions,whenultimatelyconcludedanddetermined,maynothaveamaterialandadverse |\n| effect on the Group’s results of operations or financial condition. |\n| 2.21.3 Commitments |\n| (In ₹ crore) As at |\n| Particulars September 30, 2025 March 31, 2025 Estimatedamountofcontractsremainingtobeexecutedoncapitalcontractsandnotprovidedfor(netof 1,118 935 |\n| advances and deposits)(1) Other commitments* 107 122 (1) |\n| Capital contracts primarily comprises of commitments for infrastructure facilities and computer equipment. * Uncalled capital pertaining to investments |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 194, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "cd5122f8aa2572e5", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 195\n\n| Refer Note 2.20 \"Related party transactions\" in the Company’s 2025 Annual Report for the full names and other details of the Company's subsidiaries and controlled trusts. Changes in Subsidiaries |\n|---|\n| During the six months ended September 30, 2025, the following are the changes in the subsidiaries: |\n| .Infosys Energy Consulting Services LLC , a wholly-owned subsidiary of Infosys Nova Holdings LLC was incorporated on April 16, 2025. |\n| .Infosys Saudi Arabia LLC, a wholly-owned subsidiary of Infosys Limited was incorporated on April 21, 2025. |\n| .Infosys Australia Technology Service Pty Ltd, a wholly-owned subsidiary of Infosys Singapore Pte. Limited was incorporated on April 23, 2025. |\n| .On April 30, 2025, Infosys Nova Holdings LLC , a wholly owned subsidiary of Infosys Limited, acquired 98.21% of voting interests in MRE Consulting Ltd along with its subsidiary |\n| MRE Technology Services, LLC. The remaining 1.79% was acquired by Infosys Energy Consulting Services LLC , a Wholly-owned subsidiary of Infosys Nova Holdings LLC. |\n| .On April 30, 2025, Infosys Australia Technology Service Pty Ltd, a wholly owned subsidiary of Infosys Singapore Pte. Limited, acquired 100% of voting interests in The Missing |\n| Link Automation Pty Ltd, The Missing Link Network Integration Pty Ltd and The Missing Link Security Pty Ltd along with its subsidiary The Missing Link Security Ltd. |\n| .in-tech Automotive Engineering de. R L de. C V, a wholly-owned subsidiary of in-tech GmbH has been liquidated effective May 07, 2025. |\n| .On May 13, 2025, Infosys Singapore Pte Ltd diluted 2% stake of HIPUS Co., Ltd to Mitsubishi Heavy Industries, Ltd. .Infosys BPM Canada Inc, a Wholly-owned subsidiary of Infosys BPM UK Limited was incorporated on July 28, 2025 |\n| .Infosys Germany Gmbh, a Wholly-owned subsidiary of Infosys Singapore Pte Ltd merged into Infosys Germany SE (formerly known as Blitz 24-893 SE) effective September 24, 202 |\n| Transaction with key management personnel: The table below describes the compensation to key management personnel which comprise directors and executive officers: (In ₹ crore) Particulars Three months ended September 30, Six months ended September 30, 2025 2024 2025 2024 Salaries and other short term employee benefits to whole-time directors and executive officers (1)(2) 30 28 60 56 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 195, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "2cd85b3334de8da5", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 196\n\n| 2.23 SEGMENT REPORTING |\n|---|\n| Ind AS 108, Operating segments, establishes standards for the waythat public business enterprises report information about operating segments and related disclosures about productsandservices,geographicareas,andmajorcustomers.TheGroup'soperationspredominantlyrelatetoprovidingend-to-endbusinesssolutionstoenableclientstoenhance business performance. The Chief Operating Decision Maker (CODM) evaluates the Group's performance and allocates resources based onan analysisof various performance |\n| indicatorsbybusinesssegments.Accordingly,informationhasbeenpresentedalongbusinesssegments.Theaccountingprinciplesusedinthepreparationofthefinancialstatements are consistently applied to record revenue and expenditure in individual segments, and are as set out in the accounting policies. BusinesssegmentsoftheGroupareprimarilyenterprisesinFinancialServicesandInsurance,enterprisesinManufacturing,enterprisesinRetail,ConsumerPackagedGoodsand Logistics,enterprisesintheEnergy,Utilities,ResourcesandServices,enterprisesinCommunication,TelecomOEMandMedia,enterprisesinHi-Tech,enterprisesinLifeSciences |\n| andHealthcareandallothersegments.TheFinancialservicesreportablesegmentshasbeenaggregatedtoincludetheFinancialServicesoperatingsegmentandFinacleoperating segmentbecauseofthesimilarityoftheeconomiccharacteristics.AllothersegmentsrepresenttheoperatingsegmentsofbusinessesinIndia,Japan,China,InfosysPublicServices& other enterprises in Public Services. Revenueandidentifiableoperatingexpensesinrelationtosegmentsarecategorizedbasedonitemsthatareindividuallyidentifiabletothatsegment.Revenuefor'allothersegments' representsrevenuegeneratedbyInfosysPublicservicesandrevenuegeneratedfromcustomerslocatedinIndia,JapanandChinaandotherenterprisesinPublicservices.Allocated expensesofsegments includeexpensesincurred for rendering servicesfrom theGroup'soffshoresoftwaredevelopmentcenters and on-siteexpenses, which are categorized in |\n| relationtotheassociatedeffortsofthesegment.Certainexpensessuchasdepreciationandamortization,whichformasignificantcomponentoftotalexpenses,arenotspecifically allocabletospecificsegmentsastheunderlyingassetsareusedinterchangeably.TheManagementbelievesthatitisnotpracticaltoprovidesegmentdisclosuresrelatingtothose costs and expenses, and accordingly these expenses are separately disclosed as \"unallocated\" and adjusted against the total income of the Group. AssetsandliabilitiesusedintheGroup'sbusinessarenotidentifiedtoanyofthereportablesegments,astheseareusedinterchangeablybetweensegments.TheManagementbelieves |\n| that it is currently not practicable to provide segment disclosures relating to total assets and liabilities since a meaningful segregation of the available data is onerous. |\n| Business segment revenue information is collated based on individual customers invoiced or in relation to which the revenue is otherwise recognized. |\n| Disclosure of revenue by geographic locations is given in note 2.16 Revenue from operations. |\n| Business Segments Three months ended September 30, 2025 and September 30, 2024: (In ₹ crore) Financial Manufacturing Energy, Retail (2)Communication (3) Hi-Tech Life All other Total Services (1) Utilities, Sciences (4)segments (5) Particulars Resources and Services Revenue from operations 12,320 7,347 5,945 5,639 5,397 3,703 2,863 1,276 44,490 11,156 6,424 5,546 5,446 4,879 3,266 3,004 1,265 40,986 Identifiable operating expenses 7,017 4,439 3,341 2,815 3,402 2,342 1,802 802 25,960 6,258 4,074 3,166 2,696 3,165 1,889 1,865 840 23,953 Allocated expenses 2,244 1,156 1,098 1,104 978 598 527 290 7,995 2,038 1,053 945 982 822 583 525 276 7,224 Segment operating income 3,059 1,752 1,506 1,720 1,017 763 534 184 10,535 2,860 1,297 1,435 1,768 892 794 614 149 9,809 |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 196, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "6ef2269fcb5cd6a8", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 197\n\n| Unallocable expe Other income, net Finance cost Profit before tax Income tax expen Net Profit Depreciation and Non-cash expense (1) Financial Serv (2) Retail includes (3) | nses se amortization expense s other than depreciati ices include enterprise enterprises in Retail, | on an s in F Cons | d amortization inancial Services and umer Packaged Goods | Insurance and Logis | tics |  |  |  |  |  | 2,323 2,310 2,024 1,551 211 214 19,970 18,274 5,670 5,384 14,300 12,890 2,323 2,310 — — |\n|---|---|---|---|---|---|---|---|---|---|---|---|\n| Communicatio (4) Life Sciences i (5) Others include | n includes enterprises ncludes enterprises in operating segments o | in Co Life s f busi | mmunication, Telecom ciences and Health ca nesses in India, Japan, | OEM and re China, In | Media fosys Public Servic | es & other enterpris | es in Public | Services |  |  |  |\n| Significant client | s |  |  |  |  |  |  |  |  |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 197, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "744a9658d8f27d18", "content": "[TABLE] Company: INFOSYS | Year: FY2025 | Section: Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025 | Page: 198\n\n| General and ad Total operating e Operating profit Other income, net Finance cost Profit before tax Tax expense: Current tax Deferred tax Profit for the peri Other comprehen Items that will not Remeasurement of Equity instruments | ministration exp xpenses od sive income be reclassified the net defined through other | enses subsequently to profi benefit liability/asset, comprehensive incom | t or loss net e, net | 2.17 2.15 2.15 |  | 2,113 4,337 9,353 982 106 10,229 3,178 (324) 7,375 (38) (8) (46) | 2,008 3,863 8,649 712 108 9,253 3,146 (409) 6,516 78 (9) 69 |  | 4,156 8,587 18,157 2,024 211 19,970 6,232 (562) 14,300 (108) 27 (81) | 3,920 7,712 16,937 1,551 214 18,274 6,144 (760) 12,890 98 5 103 |\n|---|---|---|---|---|---|---|---|---|---|---|\n| Items that will be r Fair value changes Exchange differenc Fair value changes Total other comp | eclassified sub on derivatives es on translatio on investment rehensive inco | sequently to profit or designated as cash flo n of foreign operatio s, net me / (loss), net of tax | loss w hedge, net ns, net |  |  | — 862 (34) 828 | (21) 560 86 625 |  | 6 1,881 89 1,976 | (24) 456 126 558 |\n| Total comprehens | ive income fo | r the period |  |  |  | 782 | 694 |  | 1,895 | 661 |\n| Profit attributabl Owners of the Com Non-controlling int | e to: pany erests |  |  |  |  | 8,157 7,364 11 7,375 | 7,210 6,506 10 6,516 |  | 16,195 14,285 15 14,300 | 13,551 12,874 16 12,890 |\n| Total comprehens Owners of the Com Non-controlling int | ive income at pany erests | tributable to: |  |  |  | 8,140 17 8,157 | 7,190 20 7,210 |  | 16,165 30 16,195 | 13,527 24 13,551 |\n| for and on behalf o | f the Board of | Directors of Infosys | Limited Nandan M. Nilekani Chairman |  | Salil Parekh Chief Executive | Officer |  | Bobby Parikh Director |  |  |\n| Bengaluru |  |  | DIN: 00041245 Jayesh Sanghrajka |  | and Managing D DIN: 01876159 A.G.S. Manikant | irector ha |  | DIN: 00019437 |  |  |", "company": "INFOSYS", "ticker": "INFY", "source_file": "INFOSYS-2.pdf", "fiscal_year": "FY2025", "page_number": 198, "section": "Indian Accounting Standards (Ind AS) \nfor the three months and six months ended September 30, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "0451f4fb7924df44", "content": "ITC Limited Virginia House 37 J. L. i\"ehru Road Kolkata 700 071. India Tel. : 91 33 2288 9371 Enduring Value Fax : 91 33 2288 2258 1 2259 , 2260 The Manager Listing Department National Stock Exchange of India Ltd. Exchange Plaza Plot No. C-1, G Block Bandra-Kurla Complex Sandra (East) Mumbai 400 051 The General Manager Dept. of Corporate Services BSE Ltd. P. J. Towers Dalal Street Mumbai 400 001 The Secretary The Calcutta Stock Exchange Ltd. 7, Lyons Range Kolkata 700 001 Quarter and Six Months ended 30th September, 2025 and other matters Unaudited Financial Results for the Further to our letters dated 16th October, 2025 and 27th October, 2025, we write to advise that the Board of Directors of the Company at the meeting held today i.e., 30th October, 2025, has, inter alia, approved / recommended the following: 1. Approval of Financial Results: Approved the following: (i) Unaudited Financial Results of the Company, both Standalone and Consolidated, for the Quarter and Six Months ended 30th September, 2025; (ii) Unaudited Segment-wise Revenue, Results, Assets and Liabilities of the Company, both Standalone and Consolidated, for the Quarter and Six Months ended 30th September, 2025; (iii) Unaudited Balance Sheet, both Standalone and Consolidated, as at 30th September, 2025; (iv) Unaudited Statement of Cash Flows, both Standalone and Consolidated, for the half year ended 30th September, 2025; and (v) Limited Review Reports from the Statutory Auditors of the Company, Messrs.", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Introduction", "subsection": "(R. K. Sing i) \nExecutive Vice President & \nCompany Secretary", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3de88ba99686e962"}, {"chunk_id": "568d41fe1ad9960e", "content": "(iv) Unaudited Statement of Cash Flows, both Standalone and Consolidated, for the half year ended 30th September, 2025; and (v) Limited Review Reports from the Statutory Auditors of the Company, Messrs. SR BC & CO LLP, Chartered Accountants, on the aforesaid Standalone and Consolidated Financial Results. The aforesaid documents are enclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. FMCG • PAPERBOARDS & PACKAGING• AGRI-BUSINESS • INFORMATION TECHNOLOGY Visit us at www.itcportal.com • Corporate Identity Number : LI 6005WB 191 0PLC00l 985 • e-mail : enduringvalue@itc.in 2. Approval for voluntary delisting of the Ordinary Shares of the Company from The Calcutta Stock Exchange Limited (CSE): Approved voluntary delisting of the Company's Ordinary Shares from CSE, pursuant to Regulations 5 and 6 of the SEBI (Delisting of Equity Shares) Regulations, 2021. The Ordinary Shares of the Company will continue to remain listed on the National Stock Exchange of India Limited and BSE Limited, providing nationwide trading facilities. 3. Recommendation for appointment/ re-appointment of Directors: Recommended for the approval of the Members: (i) appointment of Mr. Amitabh Kant (DIN: 00222708) as a Director and also as an Independent Director of the Company for a period of five years with effect from 1st January, 2026; (ii) re-appointment of Mr. Hemant Malik (DIN: 06435812) as a Director, liable to retire by", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Introduction", "subsection": "(R. K. Sing i) \nExecutive Vice President & \nCompany Secretary", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3de88ba99686e962"}, {"chunk_id": "5902d936f72440ad", "content": "Independent Director of the Company for a period of five years with effect from 1st January, 2026; (ii) re-appointment of Mr. Hemant Malik (DIN: 06435812) as a Director, liable to retire by rotation, and also as a Wholetime Director of the Company for a period of two years with effect from 12th August, 2026. . i.f,IOD~M.,, The Board Meeting commenced at 1.20 p.m. and concluded at .......... .... . J (R. K. Sing i) Executive Vice President & Company Secretary cc: Securities Exchange Commission Division of Corporate Finance Office of International Corporate Finance Mail Stop 3-9 450 Fifth Street Washington DC 20549 U.S.A. cc: Societe de la Bourse de Luxembourg 35A Boulevard Joseph II L-1840 Luxembourg", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Introduction", "subsection": "(R. K. Sing i) \nExecutive Vice President & \nCompany Secretary", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3de88ba99686e962"}, {"chunk_id": "5826b5e5f56b2037", "content": "A faadl.U\"'UIII \\ alw ITC Limited Statement of Unaudited Standalone Financial Results for the Quarter and Six Months ended 30th September, 2025 (f in Crores I Particulars Corresponding Preceding Twelve 3 Months 3 Months 3 Months 6 Months 6 Months Months ended ended ended ended ended ended (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 30.09.2025 30.09.2024 30.06.2025 30.09.2025 30.09.2024 31.03.2025 Gross Revenue from sale of products and services (i) 19148.37 19686.24 20910.95 40059.32 37142.92 73464.55 CONTINUING OPERATIONS REVENUE FROM OPERATIONS [(i)+(ii)] 1 19381 .99 19858.75 21058.98 40440.97 37451.77 74236,07 Other operating revenue (ii) 233.62 172.51 148.03 381.65 308.85 771.52 TOTAL INCOME (1+2) 3 20279.96 20732.45 21721.06 42001.02 39024.01 77690.38 OTHER INCOME 2 897.97 873.70 662.08 1560.05 1572.24 3454,31 b) Purchases of Stock-in-Trade 1574.33 1604.71 3915.83 5490.16 4728.10 8936.22 a) Cost of materials consumed 6457.37 6030.95 6171 .10 12628.47 11382.86 23440.12 c) Changes in inventories of finished goods, Stock-in-Trade, work-in-progress and 153.61 1392.17 (14.51) 139.10 42.72 (640.50) intermediates e) Employee benefits expense 873.46 815.81 915.47 1788.93 1679.47 3416.73 d) Excise duty 1360.74 1209.63 1309.07 2669.81 2429.28 4912.55 g) Depreciation and amortization expense 370.71 368.26 365.31 736.02 723.63 1441 ,93 f) Finance costs 15.88 11.94 12.93 28.81 20.27 36.35 TOTAL EXPENSES 4 13516.57 14115.66 15175.95 28692.52 25985.61 51689,52 h) Other expenses 2710.47 2682.19 2500.75 5211 .22 4979.28 10146.12 EXCEPTIONAL ITEMS (Refer Note 4) 6 88.08 - - 88.08 527.96 PROFIT BEFORE EXCEPTIONAL ITEMS AND TAX (3-4) 5 6763,39 6616.79 6545.11 13308.50 13038.40 26000,86", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "A \nfaadl.U\"'UIII \\ alw \nITC Limited", "subsection": "(R. K. Sing i) \nExecutive Vice President & \nCompany Secretary", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aa586574451323ee"}, {"chunk_id": "082f180c2a9b8d4a", "content": "51689,52 h) Other expenses 2710.47 2682.19 2500.75 5211 .22 4979.28 10146.12 EXCEPTIONAL ITEMS (Refer Note 4) 6 88.08 - - 88.08 527.96 PROFIT BEFORE EXCEPTIONAL ITEMS AND TAX (3-4) 5 6763,39 6616.79 6545.11 13308.50 13038.40 26000,86 PROFIT BEFORE TAX (5+6) 7 6851 .47 6616.79 6545.11 13396.58 13038.40 26528.82 TAX EXPENSE 8 1671 .65 1640.94 1632.75 3304.40 3242.62 6436.97 a) Current Tax 1642.49 1561.49 1577.96 3220.45 3110.33 5990.17 PROFIT FOR THE PERIOD FROM CONTINUING OPERATIONS (7-8) 9 5179.82 4975.85 4912.36 10092.18 9795.78 20091 .85 b) Deferred Tax 29.16 79.45 54.79 83.95 132.29 446.80 EXCEPTIONAL ITEMS OF DISCONTINUED OPERATIONS 11 . (1.15) (4.19) 15163.06 PROFIT BEFORE EXCEPTION.AL ITEMS AND TAX FROM DISCONTINUED OPERATIONS 10 137.89 271.02 572.52 PROFIT FOR THE PERIOD FROM DISCONTINUED OPERATIONS (10+11-12) (Refer Note 5) 13 102.49 - 200,01 15103.76 TAX EXPENSE OF DISCONTINUED OPERATIONS 12 34.25 66.82 631.82 PROFIT FOR THE PERIOD (9+13) 14 5179.82 5078.34 4912.36 10092.18 9995,79 35195.61 OTHER COMPREHENSIVE INCOME 15 (188.32) (449.89) 188.83 0.51 (597.44) (929.38) A (i) Items that will not be reclassified to profit or loss (96.23) (483.70) 177.03 80.80 (666.40) (1026.75) (ii) Income tax relating to items that will not be reclassified to profit or loss 12.88 12.00 (27.19) (14.31) 32.95 85.34 B (i) Items that will be reclassified to profit or loss (138.62) 25.79 47.14 (91.48) 44.77 23.30 (ii) Income tax relating to items that will be reclassified to profit or loss 33.65 (3.98) (8.15) 25.50 (8.76) (11 .27) TOTAL COMPREHENSIVE INCOME (14+15) 16 4991 .50 4628.45 5101 .19 10092.69 9398.35 34266.23", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "A \nfaadl.U\"'UIII \\ alw \nITC Limited", "subsection": "(R. K. Sing i) \nExecutive Vice President & \nCompany Secretary", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aa586574451323ee"}, {"chunk_id": "c444962561905ea7", "content": "25.79 47.14 (91.48) 44.77 23.30 (ii) Income tax relating to items that will be reclassified to profit or loss 33.65 (3.98) (8.15) 25.50 (8.76) (11 .27) TOTAL COMPREHENSIVE INCOME (14+15) 16 4991 .50 4628.45 5101 .19 10092.69 9398.35 34266.23 PAID UP EQUITY SHARE CAPITAL (Ordinary Shares oft 1/- each) 17 1252.71 1250.76 1251.75 1252.71 1250.76 1251.41 EARNINGS PER SHARE (oft 1/- each) (not annualised): 19 RESERVES EXCLUDING REVALUATION RESERVES 18 66648.73 For Continuing Operations (a) Basic (f) 4.13 3.98 3.93 8.06 7.84 16.07 (b) Diluted (f) 4.13 3.98 3.92 8.05 7.83 16.05 For Discontinued Operations (a) Basic (t) - 0.08 - 0.16 12.08 (b) Diluted (t) - 0.08 - 0.16 12.06 For Continuing and Discontinued Operations (a) Basic (t) 4.13 4.06 3.93 8.06 8.00 28.15 (b) Diluted {t) 4.13 4.06 3.92 8.05 7.99 28.11 1. The Unaudited Standalone Financial Results, Segment Results, Balance Sheet and Statement of Cash Flows were reviewed by the Audit Committee, and approved by the Board of Directors of the Company at its meeting held on 30th October, 2025. 2. The continuing significant brand building costs covering a range of personal care and branded packaged food products are reflected under 'Other expenses' stated above and in Segment Results under 'FMCG-Others'. 3. 95,88,290 Ordinary Shares of'{ 1/- each were issued and allotted under the Company's Employee Stock Option Schemes during the quarter ended 30th September, 2025.", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "A \nfaadl.U\"'UIII \\ alw \nITC Limited", "subsection": "(R. K. Sing i) \nExecutive Vice President & \nCompany Secretary", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aa586574451323ee"}, {"chunk_id": "21228525ea11183d", "content": "3. 95,88,290 Ordinary Shares of'{ 1/- each were issued and allotted under the Company's Employee Stock Option Schemes during the quarter ended 30th September, 2025. Consequently, the issued and paid-up Share Capital of the Company stands increased to '{ 1252,71,30,431/- as on 30th September, 2025. 4. Exceptional Items of Continuing Operations for the quarter and six months ended 30th September, 2025 represent final settlement of the insurance claim towards leaf tobacco stocks, which were destroyed due to fire at a third party owned warehouse in an earlier year. 5. Discontinued Operations represents operations of the Hotels Business of the Company (excluding ITC Grand Central, Mumbai) which was demerged pursuant to the Scheme of Arrangement amongst the Company and ITC Hotels Limited and their respective shareholders and creditors under Sections 230 to 232 read with the other applicable provisions of the Companies Act, 2013 ('the Scheme') w.e.f 1st January, 2025, being the Appointed Date and the Effective Date of the Scheme. Comparative information has been presented accordingly. Brief particulars of the Discontinued Operations are given as under: Corresponding Preceding Twelve Sr. Particulars 3 Months 3 Months 3 Months 6 Months 6 Months Months No. ended ended ended ended ended ended 30.09.2025 30.09.2024 30.06.2025 30.09.2025 30.09.2024 31.03.2025 a. Revenue from Operations - 701.55 - - 1346.44 2277.73 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "A \nfaadl.U\"'UIII \\ alw \nITC Limited", "subsection": "(R. K. Sing i) \nExecutive Vice President & \nCompany Secretary", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aa586574451323ee"}, {"chunk_id": "3ec5f634071ae749", "content": "6 Months 6 Months Months No. ended ended ended ended ended ended 30.09.2025 30.09.2024 30.06.2025 30.09.2025 30.09.2024 31.03.2025 a. Revenue from Operations - 701.55 - - 1346.44 2277.73 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) b. Total Income - 706.47 - - 1354.09 2296.94 d. Profit Before Exceptional Items and Tax (b-c) - 137.89 - - 271.02 572.52 C. Total Expenses - 568.58 - - 1083.07 1724.42 e. Exceptional Items - (1.15) - - (4.19) 15163.06 f. Tax Expenses - 34.25 - - 66.82 631 .82 g. Profit from Discontinued Operations (d+e-f) - 102.49 - - 200.01 15103.76 6. The amalgamation of Sresta Natural Bioproducts Private Limited and Wimco Limited, wholly owned subsidiaries, with the Company was approved by the Board of Directors on 1st August, 2025. The process of seeking approval for the said amalgamation from the National Company Law Tribunal, Kolkata and Hyderabad Benches, is in progress_ Pending approval, no effect of the said amalgamation has been given in these Results. 7. This statement is as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Company is required to file its financial results with the relevant stock exchanges as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Accordingly, the financial results have been subjected to Limited Review by the statutory auditors of the Company, who have issued an unmodified report on the same.", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "A \nfaadl.U\"'UIII \\ alw \nITC Limited", "subsection": "(R. K. Sing i) \nExecutive Vice President & \nCompany Secretary", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aa586574451323ee"}, {"chunk_id": "aed55eb6d639b15c", "content": "Disclosure Requirements) Regulations, 2015. Accordingly, the financial results have been subjected to Limited Review by the statutory auditors of the Company, who have issued an unmodified report on the same. Segment-wise Revenue, Results, Assets and Liabilities for the Quarter and Six months ended 3oth September, 2025", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "A \nfaadl.U\"'UIII \\ alw \nITC Limited", "subsection": "(R. K. Sing i) \nExecutive Vice President & \nCompany Secretary", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "aa586574451323ee"}, {"chunk_id": "424e48cc52faf1f9", "content": "Corresponding Preceding 3 Months 3 Months 3 Months 6 Months ended ended ended ended 30.09.2025 30.09.2024 30.06.2025 30.09.2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Twelve 6 Months Months ended ended 30.09.2024 31.03.2025 (Unaudited) (Audited) a) FMCG - Cigarettes 8722.83 8177.27 8520.04 17242.87 5964.44 5577.73 5777.01 11741 .45 14687.27 13755.00 14297.05 28984.32 3976.24 5780.51 9685.03 13661 .27 C) Paperboards, Paper & Packaging 75.29 37.08 68.01 143.30 20958.72 21686.68 26165.85 47124.57 2219.92 2114.09 2115.76 4335.68 Gross Revenue from sale of products and services 19148.37 19686.24 20910.95 40059.32 Less : Inter-segment revenue 1810.35 2000.44 5254.90 7065.25 a) FMCG • Cigarettes 5023.35 5145.28 10385.94 5465.15 5542.77 11223.78 441.80 397.49 837.84 454.72 433.88 892.98 C) Paperboards, Paper & Packaging 13.32 (6.60) (13.71) 6175.66 6132.67 12456.68 242.47 162.62 353.63 24.93 64.02 12239.86 24058.07 Less: i) Finance Costs ii) Other un-allocable (income) net of un-allocable expenditure [Note (ii)] iii) Exceptional Items• (453.07) (425.37) (880.63) Profit Before Tax from Continuing Operations 6616.79 6545.11 13396.58 a) FMCG - Cigarettes 10002.74 10071.82 10769.40 24897.77 26169.91 25893.90 14895.03 16098.09 15124.50 6780.54 9284.61 8613.16 c) Paperboards, Paper & Packaging 9659.94 9773.42 9779.55 135.15 193.27 201.70 135.15 149.52 41473.40 39604.17 Discontinued Operations- 41473.40 45421.21 44488.31 Unallocated Corporate Assets 41455.13 45091 .56 41483.78 89410.13 90512.77 85972.09 4. Segment Liabilities a) FMCG - Cigarettes 5817.64 5975.77 6321 .46 2508.77 2609.86 2844.28 8326.41 8585.63 9165.74 1463.05 1797.94 1518.86 C) Paperboards, Paper & Packaging 26.36 40.36 44.30 11111.21 11788.65 12040.90 1295.39 1364.72 1312.00 26.36 60.69 11111.21 11602.76 1063.80 -", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "A \nfaadl.U\"'UIII \\ alw \nITC Limited", "subsection": "ITC Limited \nStandalone Statement of Cash Flows for the half year ended 30th September, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5ed950ac7d6e1d2a"}, {"chunk_id": "0ba0ab97d909a215", "content": "Segment Liabilities a) FMCG - Cigarettes 5817.64 5975.77 6321 .46 2508.77 2609.86 2844.28 8326.41 8585.63 9165.74 1463.05 1797.94 1518.86 C) Paperboards, Paper & Packaging 26.36 40.36 44.30 11111.21 11788.65 12040.90 1295.39 1364.72 1312.00 26.36 60.69 11111.21 11602.76 1063.80 - 4283.28 4506.30 Unallocated Corporate Liabilities Discontinued Operations 0 1063.80 - - 4283.28 5596.31 5346.86 16458.29 17384.96 17387.76 •• Refer Note 5 to the Standalone Financial Results. • Refer Note 4 to the Standalone Financial Results. Note (i): In respect of FMCG-Others segment, earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter and six months ended 30.09.2025 is t 594.08 Crores and t 1139.65 Crores respectively (quarter ended 30.09.2024 - f 591.95 Crores; quarter ended 30.06.2025 - f 545.57 Crores; six months ended 30.09.2024 - ? 1211.25 Crores and twelve months ended 31.03.2025 - t 2163.92 Crores). Note (ii): As stock options and stock appreciation linked reward units are granted to align the interests of employees with those of shareholders and also to attract and retain talent for the enterprise as a whole, the charge thereof do not form part of the segment performance reviewed by the Corporate Management Committee. 30th September, 2025 (Unaudited) Asat 31st March, 2025 (Audited) 1 Non-current assets (a) Property, Plant and Equipment (b) Capital work-in-progress (c) Investment Property (d) Goodwill (e) Other Intangible assets (f) Intangible assets under development (g) Right-of-use assets (h) Financial Assets", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "A \nfaadl.U\"'UIII \\ alw \nITC Limited", "subsection": "ITC Limited \nStandalone Statement of Cash Flows for the half year ended 30th September, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5ed950ac7d6e1d2a"}, {"chunk_id": "09304fc803d2814d", "content": "(a) Property, Plant and Equipment (b) Capital work-in-progress (c) Investment Property (d) Goodwill (e) Other Intangible assets (f) Intangible assets under development (g) Right-of-use assets (h) Financial Assets (i) Investments (ii) Loans (iii) Others (i) Other non-current assets Non-current assets 16287.61 1267.70 392.15 577.20 2367.14 33.77 462.51 16445.49 1067.79 399.89 577.20 2024.04 2.91 541 .86 20665.62 5.17 523.42 1031 .37 43613.66 20701 .17 6.28 1522.90 963.73 44253.26 2 Current assets (a) Inventories (b) Financial Assets (i) Investments (ii) Trade receivables (iii) Cash and cash equivalents (iv) Bank Balances other than (iii) above (v) Loans (vi) Others (c) Other current assets Current assets 13613.41 5355.04 23.59 2818.64 5.54 1124.55 1406.76 42358.43 15285.91 3910.77 222.06 2962.32 8.96 1261 .20 1043.71 39755.94 Total Assets B EQUITY AND LIABILITIES Equity (a) Equity Share capital (b) Other Equity Equity 1252.71 67331 .62 68584.33 1251.41 66648.73 67900.14 1 Non-current liabilities (a) Financial Liabilities (i) Lease Liabilities (ii) Other financial liabilities (b) Provisions (c) Deferred tax liabilities (Net) Non-current liabilities 106.08 313.77 226.92 2628.75 3275.52 117.45 87.89 225.23 2556.35 2986.92 2 Current liabilities (a) Financial Liabilities (i) Borrowings (ii) Lease Liabilities (iii) Trade payables (A) total outstanding dues of micro and small enterprises; and (8) total outstanding dues of creditors other than micro and small enterprises (iv) Other financial liabilities (b) Other current liabilities (c) Provisions (d) Current Tax Liabilities (Net) Current liabilities 1301 .28 6220.87 50.45 1694.87 14112.24 1448.69 6070.02 46.53 1027.78", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "A \nfaadl.U\"'UIII \\ alw \nITC Limited", "subsection": "ITC Limited \nStandalone Statement of Cash Flows for the half year ended 30th September, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5ed950ac7d6e1d2a"}, {"chunk_id": "4da16bd213e191f9", "content": "micro and small enterprises (iv) Other financial liabilities (b) Other current liabilities (c) Provisions (d) Current Tax Liabilities (Net) Current liabilities 1301 .28 6220.87 50.45 1694.87 14112.24 1448.69 6070.02 46.53 1027.78 13122.14 ITC Limited Standalone Statement of Cash Flows for the half year ended 30th September, 2025 For the half year ended 30th September, 2025 For the half year ended 30th September, 2024 A. Cash Flow from Operating Activities PROFIT BEFORE TAX FROM CONTINUING OPERATIONS 13396.58 PROFIT BEFORE TAX FROM DISCONTINUED OPERATIONS - Depreciation and amortization expense 736.02 Share based payments to employees 62.12 Interest Income (602.89) Dividend Income (357.41) Inventory write-offs/ write-downs (net of reversals) 183.08 Net loss/ (gain) on sale of property, plant and equipment, lease termination 3.47 Doubtful and bad debts 2.39 Doubtful and bad advances, loans and deposits 0.70 Gain recognised on divestment of shares held in associate (0.01) Impairment of investment in associate - Net gain arising on financial instruments measured at amortised cost/ fair value through (506.35) profit or loss/ fair value through other comprehensive income OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES 12935.29 Foreign currency translations and transactions - Net (11.22) (461.29) Trade receivables, advances and other assets (1741.15) Trade payables, other liabilities and provisions 274.33 (4599.78) Inventories (3132.96) CASH GENERATED FROM OPERATIONS 8335.51 Income tax paid (net of refunds) (2553.36) B.", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "A \nfaadl.U\"'UIII \\ alw \nITC Limited", "subsection": "ITC Limited \nStandalone Statement of Cash Flows for the half year ended 30th September, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5ed950ac7d6e1d2a"}, {"chunk_id": "527313b441bc6e09", "content": "(1741.15) Trade payables, other liabilities and provisions 274.33 (4599.78) Inventories (3132.96) CASH GENERATED FROM OPERATIONS 8335.51 Income tax paid (net of refunds) (2553.36) B. Cash Flow from Investing Activities NET CASH FROM OPERATING ACTIVITIES 5782.15 Purchase of property, plant and equipment, intangibles, ROU asset etc. (1006.71) Sale of property, plant and equipment 10.83 Purchase of current investments (22774.75) Sale/redemption of current investments 25021.81 Investment in subsidiaries (416.07) Divestment of shares held in associate 0.01 Investment in associates (181.84) Sale/redemption of non-current investments 2514.27 Purchase of non-current investments (1632.71) Interest received 394.09 Dividend received 281.65 Investment in bank deposits (original maturity more than 3 months) (319.82) Redemption/ maturity of bank deposits (original maturity more than 3 months) 1700.96 Investment in deposit with financial institution (500.00} Maturity of deposit with financial institution 450.00 c. Cash Flow from Financing Activities NET CASH FROM INVESTING ACTIVITIES 3546.25 Proceeds from issue of share capital 348.14 Interest paid (21.59) Principal payment of lease liabilities (20.12) Net decrease in statutory restricted accounts balances (9.73) Dividend paid (9823.58) NET CASH USED IN FINANCING ACTIVITIES {9526.88) NET DECREASE IN CASH AND CASH EQUIVALENTS (198.48) OPENING CASH AND CASH EQUIVALENTS 222.06 CLOSING CASH AND CASH EQUIVALENTS 23.58", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "A \nfaadl.U\"'UIII \\ alw \nITC Limited", "subsection": "ITC Limited \nStandalone Statement of Cash Flows for the half year ended 30th September, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5ed950ac7d6e1d2a"}, {"chunk_id": "c64c4612f4660645", "content": "1. The above Statement of Cash Flows has been prepared under the \"Indirect Method\" as set out in Ind AS - 7 \"Statement of Cash Flows\". 2. CASH ANO CASH EQUIVALENTS: Asat 30th September, 2025 Asat 30th September, 2024 Unrealised gain/ (loss) on foreign currency cash and cash equivalents Cash and cash equivalents Cash and cash equivalents as above 3. Figures presented as\" ... \" are below the rounding off norm adopted by the Company. Notes: (1) The Company's corporate strategy aims at creating multiple drivers of growth anchored on its core competencies. The Company is currently focused on three business groups : FMCG, Paperboards, Paper & Packaging and Agri Business. The Company's organisational structure and governance processes are designed to support effective management of multiple businesses while retaining focus on each one of them. The Operating Segments have been reported in a manner consistent with the internal reporting provided to the Corporate Management Committee, which is the Chief Operating Decision Maker. (2) The business groups comprise the following Cigarettes. Cigars etc. Branded Packaged Foods Businesses (Staples & Meals; Snacks; Dairy & Beverages; Biscuits & Cakes; Chocolates, Coffee & Confectionery); Education and Stationery Products; Personal Care Products; Safety Matches and Agarbattis. Paperboards, Paper & Packaging Paperboards, Paper including Specialty Paper & Packaging including Flexibles.", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 9, "section": "A \nfaadl.U\"'UIII \\ alw \nITC Limited", "subsection": "ITC Limited \nStandalone Statement of Cash Flows for the half year ended 30th September, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b555d315404f69ea"}, {"chunk_id": "03c1fb7509366da3", "content": "Dated : 30th October, 2025 Place : Chennai, India 4i-'\"' oo behalf of the Boa~/ (3) Segment results of 'FMCG : Others' are after considering significant business development, brand building and gestation costs of Branded Packaged Foods businesses and Personal Care Products business. Registered Office : Virginia House, 37 J.L. Nehru Road, Kolkata 700 071, India Director R~inancial Officer Chairman & Managing Director ~;;··-·(DIN: 01804345) (DIN: 00280529) Website: www.itcportal.com I E-mail: enduringvalue@itc.in I Phone: +91-33-2288 9371 I Fax: +91-33-2288 06551 GIN: L16005WB1910PLC001985 If in Croresl Corresponding Preceding Twelve Particulars 3 Months 3 Months 3 Months 6 Months 6 Months Months ended ended ended ended ended ended 30.09.2025 30.09.2024 30.06.2025 30.09.2025 30.09.2024 31.03.2025 Statement of Unaudited Consolidated Financial Results for the Quarter and Six Months ended 30th September, 2025 !Unaudited> !Unaudttedl /Unaudited /Unaudited I !Unaudited fAudited CONTINUING OPERATIONS Gross Revenue from sale of products and seNices (i) 21047.45 21387.15 23007.49 44054.94 40626.20 80942.76 Other operating revenue {ii) 208.41 149.23 121.86 330.27 260.26 670.02 TOTAL INCOME (1+2) 3 21840.26 22147.25 23811.56 45651.82 42180.03 84142.47 OTHER INCOME 2 584.40 610.87 682.21 1266.61 1293.57 2529.69 REVENUE FROM OPERATIONS [(i)+(ii)] 1 21255.86 21536.38 23129.35 44385.21 40886.46 81612.78 b) Purchases of Stock-in-Trade and Biological Assets 1565.71 1585.53 3894.19 5459.90 4692.98 8947.04 a) Cost of materials consumed 6577.45 6122.83 6238.30 12815.75 11521.53 23757.33 c)", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "Dated : 30th October, 2025 \nPlace : Chennai, India \n4i-'\"' oo behalf of the Boa~/", "subsection": "b Total Income \n-\n776.13 \n-\n-\n1488.71 \n2517.16", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1b7d2ad42b761f1e"}, {"chunk_id": "afaa0c761a1cb68d", "content": "1 21255.86 21536.38 23129.35 44385.21 40886.46 81612.78 b) Purchases of Stock-in-Trade and Biological Assets 1565.71 1585.53 3894.19 5459.90 4692.98 8947.04 a) Cost of materials consumed 6577.45 6122.83 6238.30 12815.75 11521.53 23757.33 c) Changes in inventories offinished goods, Stock-in-Trade, work-in-progress, intermediates and (1.74) 1357.65 97.99 96.25 63.28 (725.65) Biological Assets d) Excise duty 1754.23 1546.02 1634.56 3388.79 3118.29 6289.44 f) Finance costs 20.05 14.73 16.47 36.52 24.33 45.06 e) Employee benefits expense 1654.49 1464.87 1675.85 3330.34 2982.38 6169.78 h) Other expenses 3011.03 2907.40 2771.99 5783.02 5411.08 11196.63 g) Depreciation and amortization expense 434.80 416.18 422.96 857.76 819.31 1646.32 SHARE OF PROFIT/ (LOSS) OF ASSOCIATES AND JOINT VENTURES 5 66.36 4.15 68.76 135.12 7.91 110.42 TOTAL EXPENSES 4 15016.02 15415.21 16752.31 31768.33 28633.18 57325.95 EXCEPTIONAL ITEMS (Refer Note 4) 7 88.08 - 88.08 - - PROFIT BEFORE EXCEPTIONAL ITEMS ANO TAX (3-4+5) 6 6890.60 6736.19 7128.01 14018.61 13554.76 26926.94 TAX EXPENSE 9 1792.13 1757.05 1784.60 3576.73 3483.30 6890.47 PROFIT BEFORE TAX {6+7) 8 6978.68 6736.19 7128.01 14106.69 13554.76 26926.94 b) Deferred Tax 22.73 81.18 46.01 68.74 133.50 380.86 a) Current Tax 1769.40 1675.87 1738.59 3507.99 3349.80 6509.61 PROFIT BEFORE EXCEPTIONAL ITEMS ANO TAX FROM DISCONTINUED OPERATIONS 11 112.91 235.43 525.84 EXCEPTIONAL ITEMS OF DISCONTINUED OPERATIONS 12 {1.15) - - {4.19) 15128.81 PROFIT FOR THE PERIOD FROM CONTINUING OPERATIONS (8-9) 10 5186.55 4979.14 5343.41 10529.96 10071.46 20036.47 TAX EXPENSE OF DISCONTINUED OPERATIONS 13 36.47 - - 71.28 638.64", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "Dated : 30th October, 2025 \nPlace : Chennai, India \n4i-'\"' oo behalf of the Boa~/", "subsection": "b Total Income \n-\n776.13 \n-\n-\n1488.71 \n2517.16", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1b7d2ad42b761f1e"}, {"chunk_id": "345e34f3ce6bfdd3", "content": "12 {1.15) - - {4.19) 15128.81 PROFIT FOR THE PERIOD FROM CONTINUING OPERATIONS (8-9) 10 5186.55 4979.14 5343.41 10529.96 10071.46 20036.47 TAX EXPENSE OF DISCONTINUED OPERATIONS 13 36.47 - - 71.28 638.64 PROFIT FOR THE PERIOD FROM DISCONTINUED OPERATIONS (11+12-13) (Refer Note 5) 14 75.29 159.96 15016.01 PROFIT FOR THE PERIOD (10+14) 15 5186.55 5054.43 5343.41 10529.96 10231.42 35052.48 OTHER COMPREHENSIVE INCOME 16 (134.98) (412.45) 214.08 79.10 (646.39) (624.86) A (i) Items that will not be reclassified to profit or loss (104.69) (565.05) 187.01 82.32 (779.40) (1072.62) (ii) Income tax relating to items that will not be reclassified to profit or loss 14.25 (1.50) (27.19) (12.94) 23.77 59.58 B {i) Items that will be reclassified to profit or loss (79.91) 157.86 62.53 (17.38) 118.06 398.32 (ii) Income tax relaling to items that will be reclassified to profit or loss 35.37 (3.76) (8.27) 27.10 (8.82) {10.14) TOTAL COMPREHENSIVE INCOME (15+16) 17 5051.57 4641.98 5557.49 10609.06 9585.03 34427.62 PROFIT FOR THE PERIOD ATTRIBUTABLE TO : NON-CONTROLLING INTERESTS 60.44 61.56 99.21 159.65 146.96 305.85 OWNERS OF THE PARENT 5126.11 4992.87 5244.20 10370.31 10084.46 34746.63 OTHER COMPREHENSIVE INCOME FOR THE PERIOD ATTRIBUTABLE TO: OWNERS OF THE PARENT (133.67) (412.17) 214.08 80.41 (646.11) (624.87) TOTAL COMPREHENSIVE INCOME FOR THE PERIOD ATTRIBUTABLE TO : NON-CONTROLLING INTERESTS (1 .31) (0.28) - (1.31) (0.28) 0.01 OWNERS OF THE PARENT 4992.44 4580.70 5458.28 10450.72 9438.35 34121.76 NON-CONTROLLING INTERESTS 59.13 61.28 99.21 158.34 146.68 305.86 PAID UP EQUITY SHARE CAPITAL 18 1252.71 1250.76 1251.75 1252.71 1250.76 1251.41 (Ordinary Shares oft 1/- each)", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "Dated : 30th October, 2025 \nPlace : Chennai, India \n4i-'\"' oo behalf of the Boa~/", "subsection": "b Total Income \n-\n776.13 \n-\n-\n1488.71 \n2517.16", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1b7d2ad42b761f1e"}, {"chunk_id": "cddb450483ce1b30", "content": "- (1.31) (0.28) 0.01 OWNERS OF THE PARENT 4992.44 4580.70 5458.28 10450.72 9438.35 34121.76 NON-CONTROLLING INTERESTS 59.13 61.28 99.21 158.34 146.68 305.86 PAID UP EQUITY SHARE CAPITAL 18 1252.71 1250.76 1251.75 1252.71 1250.76 1251.41 (Ordinary Shares oft 1/- each) EARNINGS PER SHARE {of~ 1/- each) {not annualised): 20 RESERVES EXCLUDING REVALUATION RESERVES 19 68778.64 For Continuing Operations {a) Basic(~) 4.09 3.93 4.19 8.28 7.94 15.78 For Discontinued Operations (a) Basic{t) 0.06 - - 0.13 12.01 {b) Diluted {t) 4.09 3.93 4.18 8.27 7.93 15.76 For Conlinuing and Discontinued Operations {b) Diluted (t) - 0.06 . - 0.13 11.99 (b) Diluted {f) 4.09 3.99 4.18 8.27 8.06 27.75 {a) Basic{~) 4.09 3.99 4.19 8.28 8.07 27.79 1. The Unaudited Consolidated Financial Results, Segment Results, Balance Sheet and Statement of Cash Flows were reviewed by the Audit Committee, and approved by the Board of Directors of the Company at its meeting held on 30th October, 2025. 2. The continuing significant brand building costs covering a range of personal care and branded packaged food products are reflected under 'Other expenses' stated above and in Segment Results under 'FMCG-Others'. 3. 95,88,290 Ordinary Shares off 1/- each were issued and allotted under the Company's Employee Stock Option Schemes during the quarter ended 30th September, 2025. Consequently, the issued and paid-up Share Capital of the Company stands increased to? 1252,71,30,431/- as on 30th September, 2025. 4.", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "Dated : 30th October, 2025 \nPlace : Chennai, India \n4i-'\"' oo behalf of the Boa~/", "subsection": "b Total Income \n-\n776.13 \n-\n-\n1488.71 \n2517.16", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1b7d2ad42b761f1e"}, {"chunk_id": "6d9f66ecae9f894a", "content": "September, 2025. Consequently, the issued and paid-up Share Capital of the Company stands increased to? 1252,71,30,431/- as on 30th September, 2025. 4. Exceptional Items of Continuing Operations for the quarter and six months ended 30th September, 2025 represent final settlement of the insurance claim towards leaf tobacco stocks, which were destroyed due to fire at a third party owned warehouse in an earlier year. 5. Discontinued Operations represents operations of the Hotels Business of the Group (excluding ITC Grand Central, Mumbai) which was demerged pursuant to the Scheme of Arrangement amongst the Company and ITC Hotels Limited and their respective shareholders and creditors under Sections 230 to 232 read with the other applicable provisions of the Companies Act, 2013 ('the Scheme') w.e.f 1st January, 2025, being the Appointed Date and the Effective Date of the Scheme. Comparative information has been presented accordingly. Brief particulars of the Discontinued Operations are given as under: fin Crores) Corresponding Preceding Twelve Sr. Particulars 3 Months 3 Months 3 Months 6 Months 6 Months Months No. ended ended ended ended ended ended 30.09.2025 30.09.2024 30.06.2025 30.09.2025 30.09.2024 31.03.2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) a Revenue from Operations - 770.90 - - 1471.30 2484.58 C Total Expenses - 667.19 - - 1261 .10 2002.67 b Total Income - 776.13 - - 1488.71 2517.16", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "Dated : 30th October, 2025 \nPlace : Chennai, India \n4i-'\"' oo behalf of the Boa~/", "subsection": "b Total Income \n-\n776.13 \n-\n-\n1488.71 \n2517.16", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1b7d2ad42b761f1e"}, {"chunk_id": "d5fd2dbb642becae", "content": "d Share of Profit/ (Loss) of Associates and Joint Ventures - 3.97 - - 7.82 11.35 e Profit Before Exceptional Items And Tax (b-c+d) - 112.91 - . 235.43 525.84 f Exceptional Items . (1 .15) - . (4.19) 15128.81 g Tax Expenses . 36.47 . - 71 .28 638.64 h Profit from Discontinued operations (e+f-g) . 75.29 . . 159.96 15016.01 6. The amalgamation of Sresta Natural Bioproducts Private Limited (SNBPL) and Wimco Limited, wholly owned subsidiaries, with the Company was approved by the Board of Directors on 1st August, 2025. The process of seeking approval for the said amalgamation from the National Company Law Tribunal, Kolkata and Hyderabad Benches, is in progress. The fair values of assets and liabilities on acquisition of SNBPL and its subsidiaries Fyve Elements LLC, USA and Sresta Global FZE, UAE have been provisionally determined and recorded in accordance with Ind AS 103 on 'Business Combinations' and are reflected in 'FMCG- Others' segment. The financial results of the Group and 'FMCG-Others' segment include those of SNBPL and its subsidiaries with effect from 13th June, 2025. Accordingly, resuils of the quarter and six months ended 30th September, 2025 are not comparable with previous periods. 7. This statement is as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "Dated : 30th October, 2025 \nPlace : Chennai, India \n4i-'\"' oo behalf of the Boa~/", "subsection": "Total Assets 1---------'=-===+-------==-=-=-=-l \nB \nEQUITY AND LIABILITIES", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6701bac6bef19fdf"}, {"chunk_id": "51c135597fb4f501", "content": "7. This statement is as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Company is required to file its financial results with the relevant stock exchanges as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Accordingly, the financial results have been subjected to Limited Review by the statutory auditors of the Company, who have issued an unmodified report on the same. ITC LIMITED Segment-wise Revenue, Results, Assets and Liabilities for the Quarter and Six Months ended 30th September, 2025 Corresponding Preceding 3 Months 3 Months 6 Months ended ended ended 30.09.2024 30.06.2025 30.09.2025 (Unaudited) (Unaudited) (Unaudited) Twelve 6 Months Months ended ended 30.09.2024 31.03.2025 (Unaudited) (Audited) 3 Months ended 30.09.2025 (Unaudited) a) FMCG - Cigarettes - Others 8877.86 9553.86 18968.20 5585.29 5800.44 11859.56 17720.08 35893.57 11084.09 22015.12 14463.15 15354.30 30827.76 b) Agri Business c) Paperboards, Paper & Packaging d) Others 4037.80 2220.32 1244.62 5845.25 9723.84 13761.64 2114.18 2116.62 4336.94 1031 .94 1182.59 2427.21 12843.14 20163.79 4091 .03 8424.58 2001 .79 4288.11 23454.52 28377.35 51353.55 Less : Inter-segment revenue 2067.37 5369.86 7298.61 Gross Revenue from sale of Droducts and services 21387.15 23007.49 44054.94 a) FMCG - Cigarettes - Others 5242.29 5498.93 10961.03 444.24 399.03 837.75 10497.35 21091 .35 923.41 1590.23 453.61 181 .39 182.65 5686.53 5897.96 11798.78 446.84 434.67 888.28 234.91 151.40 332.79 194.29 154.88 337.53 791.44 1540.30 491 .06 883.11 327.71 670.73 b) Agri Business c) Paperboards, Paper & Packaging", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "Dated : 30th October, 2025 \nPlace : Chennai, India \n4i-'\"' oo behalf of the Boa~/", "subsection": "Total Assets 1---------'=-===+-------==-=-=-=-l \nB \nEQUITY AND LIABILITIES", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6701bac6bef19fdf"}, {"chunk_id": "a6457cd996b32058", "content": "- Others 5242.29 5498.93 10961.03 444.24 399.03 837.75 10497.35 21091 .35 923.41 1590.23 453.61 181 .39 182.65 5686.53 5897.96 11798.78 446.84 434.67 888.28 234.91 151.40 332.79 194.29 154.88 337.53 791.44 1540.30 491 .06 883.11 327.71 670.73 b) Agri Business c) Paperboards, Paper & Packaging d) Others 6562.57 6638.91 13357.38 Less: i) Finance Costs ii) Other un-allocable (income) net of un-allocable expenditure (Refer Note) iii) Exceptional items• Add : i) Share of Profit I (Loss) of associates and joint ventures (184.20) (436.81) (562.63) . - (88.08) 4.15 68.76 135.12 Profit Before Tax from continuing operations 6736.19 7128.01 14106.69 a) FMCG - Cigarettes - others 10619.41 10608.46 11504.72 15003.61 16724.06 15789.38 10619.41 10584.67 15003.61 13016.19 25623.02 27332.52 27294.10 b) Agri Business c) Paperboards, Paper & Packaging d) Others Total 9589.59 10024.14 3176.65 50084.48 7619.44 10260.29 9589.59 9886.56 10022.05 10024.14 2728.06 3121 .40 3176.65 45857.08 50736.26 50084.48 7619.44 7904.83 9886.56 9908.98 2728.06 2736.44 45857.08 44151.11 10143.83 - - 38070.30 44428.35 40718.18 Discontinued Operations•• Unallocated Corporate Assets 10143.83 - 38070.30 43939.57 4. Segment Liabilities 94071.21 95164.61 90802.66 a) FMCG - Cigarettes - Others 6096.99 6216.02 6594.16 2499.58 2682.66 2921.35 6096.99 5729.56 2499.58 2432.70 8596.57 8898.68 9515.51 b) Agri Business c) Paperboards, Paper & Packaging d) Others 1589.24 1323.41 1038.14 1474.93 1715.41 1589.24 1319.59 1378.45 1323.41 1005.10 1082.61 1038.14 1474.93 2176.93 1319.59 1384.96 1005.10 1101.44 12396.19 13075.15 13466.30 Discontinued Operations•• Unallocated Corporate Liabilities 1295.91 . . 4586.80 6007.58 5741.48 1295.91 - 4586.80 4867.15 * Refer note 4 to the Consolidated Financial Results. 18278.90 19082.73 19207.78", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "Dated : 30th October, 2025 \nPlace : Chennai, India \n4i-'\"' oo behalf of the Boa~/", "subsection": "Total Assets 1---------'=-===+-------==-=-=-=-l \nB \nEQUITY AND LIABILITIES", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6701bac6bef19fdf"}, {"chunk_id": "707399fb8791fb77", "content": "1101.44 12396.19 13075.15 13466.30 Discontinued Operations•• Unallocated Corporate Liabilities 1295.91 . . 4586.80 6007.58 5741.48 1295.91 - 4586.80 4867.15 * Refer note 4 to the Consolidated Financial Results. 18278.90 19082.73 19207.78 •• Refer note 5 to the Consolidated Financial Results. Note: As stock options and stock appreciation linked reward units are granted to align the interests of employees with those of shareholders and also to attract and retain talent for the Group as a whole, the charge thereof do not form part of the segment performance reviewed by the Corporate Management Committee. If in Crores) CONSOLIDATED As at 30th Seotember 2025 As at 31st March 2025 1 Non-current assets (a) Property, Plant and Equipment (b) Capital work-in-progress (c) Investment Property (d) Goodwill (e) Other Intangible assets (f) Intangible assets under development (g) Right-of-use assets 17278.70 1305.01 316.07 1006.46 3238.98 34.54 525.37 5027.79 17428.89 1087.60 322.40 896.93 2724.74 3.31 581.89 4711.78 (h) Investment accounted for using the equity method (i) Financial Assets (i) Investments (ii) Loans (iii) Others 0) Deferred tax assets (Net) (k) Income Tax Assets (Net) (I) Other non-current assets 13720.54 7.60 1557.57 87.98 50.24 1015.93 43524.19 Non-current assets 1------=-=:=...::~+-- 44197.40 13006.66 6.43 551.31 107.19 25.09 1094.59 2 Current assets (a) Inventories (b) Biological assets other than bearer plants (c) Financial Assets (i) Investments (ii) Trade receivables (iii) Cash and cash equivalents (iv) Bank balances other than (iii) above (v) Loans (vi) Others (d)", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "Dated : 30th October, 2025 \nPlace : Chennai, India \n4i-'\"' oo behalf of the Boa~/", "subsection": "Total Assets 1---------'=-===+-------==-=-=-=-l \nB \nEQUITY AND LIABILITIES", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6701bac6bef19fdf"}, {"chunk_id": "bc17f5343aa6ae57", "content": "(a) Inventories (b) Biological assets other than bearer plants (c) Financial Assets (i) Investments (ii) Trade receivables (iii) Cash and cash equivalents (iv) Bank balances other than (iii) above (v) Loans (vi) Others (d) Other current assets 18762.59 15637.56 221.25 198.58 14513.56 16287.50 6503.38 4719.67 484.20 620.00 3562.16 3392.36 6.12 9.51 1459.75 1656.25 1765.46 1371.85 47278.47 43893.28 Current assets l------::..:...:~c..:..:...+-------=--==-==---1 Total Assets 1---------'=-===+-------==-=-=-=-l B EQUITY AND LIABILITIES Equity (a) Equity Share capital (b) Other Equity 1252.71 69819.45 71072.16 Attributable to the owners of the parent I-----__;:..:.::~~+-- 1251.41 68778.64 70030.05 Non-controlling interests 522.72 367.89 71594.88 70397.94 Total Equity 1---------=---=-='---'--'-':-=---.1------'--=--=-=-::::....:.....i 1 Non-current liabilities (a) Financial Liabilities (i) Lease liabilities (ii) Other financial liabilities (b) Provisions (c) Deferred tax liabilities (Net) (d) Other non-current liabilities 144.05 137.21 520.05 301.34 315.50 303.11 2649.49 2582.46 41.83 34.51", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "Dated : 30th October, 2025 \nPlace : Chennai, India \n4i-'\"' oo behalf of the Boa~/", "subsection": "Total Assets 1---------'=-===+-------==-=-=-=-l \nB \nEQUITY AND LIABILITIES", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6701bac6bef19fdf"}, {"chunk_id": "026368327cae5b82", "content": "Non-current liabilities -------=3c.:c6..:..70=--=·c::.9=-2+----------=3c.:c3..:c.58=--=.c::.6=---13 Current liabilities (a) Financial Liabilities (i) Borrowings (ii) Lease liabilities (iii) Trade payables (A) Total outstanding dues of micro and small enterprises (B) Total outstanding dues of creditors other than micro and small enterprises (iv) Other financial liabilities (b) Other current liabilities (c) Provisions (d) Current Tax Liabilities (Net) 1787.12 6403.15 93.02 1876.69 15536.86 Current liabilities------'=-===+-- 1921.50 6148.27 80.06 1229.65 14334.11 ITC Limited Consolidated Statement of Cash Flows for the half year ended 30th September, 202s For the half year ended 30th September, 2025 For the half year ended 30th September, 2024 (\" In Crores) A. Cash Flow from Operating Activities PROFIT BEFORE TAX FROM CONTINUING OPERATIONS 14106.69 PROFIT BEFORE TAX FROM DISCONTINUED OPERATIONS - ADJUSTMENTS FOR : Depreciation and amortization expense 857.76 Share based payments to employees 63.93 Finance costs 36.52 Dividend Income (15.14) Net loss/ (gain) on sale of property, plant and equipment, lease termination 3.33 Inventory write-offs/ write-downs (net of reversals) 187.34 Doubtful and bad debts 3.11 Interest Income (635.09) (12.12) (96.08) 116.09 3.18 Doubtful and bad advances, loans and deposits 0.71 Impairment of investment in joint venture and associate 0.04 Gain recognised on divestment of shares held in associate (0.01) Share of (profit)/ loss of associates and joint ventures (135.12)", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "Non-current liabilities -------=3c.:c6..:..70=--=·c::.9=-2+----------=3c.:c3..:c.58=--=.c::.6=---13", "subsection": "Total Assets 1---------'=-===+-------==-=-=-=-l \nB \nEQUITY AND LIABILITIES", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1881d548d066d668"}, {"chunk_id": "b690648676638554", "content": "0.71 Impairment of investment in joint venture and associate 0.04 Gain recognised on divestment of shares held in associate (0.01) Share of (profit)/ loss of associates and joint ventures (135.12) Net gain arising on financial instruments measured at amortised cost/ fair value (528.46) through profit or loss/ fair value through other comprehensive income Foreign currency translations and transactions - Net (23.91) (184.99) OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES 13921.70 ADJUSTMENTS FOR : Trade receivables, advances and other assets (1968.87) Inventories and biological assets other than bearer plants (3244.35) Trade payables, other liabilities and provisions 289.06 (4924.16) (2115.24) (3757.38) 691.57 (5181.05) 8486.57 (2747.73) 5738.84 CASH GENERATED FROM OPERATIONS 8997.54 Income tax paid (net of refunds) (2834.94) NET CASH FROM OPERATING ACTIVITIES 6162.60 B. Cash Flow from Investing Activities Purchase of property, plant and equipment, Intangibles, ROU asset etc. (1062.09) (1199.68) 118.02 (28449.09) Sale of property, plant and equipment 11.25 Purchase of current investments (25448.46) Sale/redemption of current investments 27936.73 Investment in associates (181.84) Divestment of shares held in associate 0.01 Purchase of non-current investments (1753.89) Payment towards business combination (246.08) Dividend received from associates and joint venture 29.19 Dividend received from others 15.14 Interest received 430.77 Investment in bank deposits (original maturity more than 3 months) (888.63)", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "Non-current liabilities -------=3c.:c6..:..70=--=·c::.9=-2+----------=3c.:c3..:c.58=--=.c::.6=---13", "subsection": "Total Assets 1---------'=-===+-------==-=-=-=-l \nB \nEQUITY AND LIABILITIES", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1881d548d066d668"}, {"chunk_id": "7a91415724da4c1d", "content": "(246.08) Dividend received from associates and joint venture 29.19 Dividend received from others 15.14 Interest received 430.77 Investment in bank deposits (original maturity more than 3 months) (888.63) Sale/redemption of non-current investments 2514.27 25.54 12.12 620.97 (2927.65) Redemption / maturity of bank deposits (original maturity more than 3 months) 1967.76 Investment in deposit with financial institution (500.00) Maturity of deposit with financial institution 450.00 Loans realised 6.15 NET CASH FROM INVESTING ACTIVITIES 3278.75 C. Cash Flow from Financing Activities Proceeds from issue of share capital 348.14 Proceeds from current borrowings 59.74 Repayment of current borrowings (40.64) Principal payment of lease liabilities (32.44) Repayment of non-current borrowings (7.02) Interest paid (36.90) Net decrease in statutory restricted accounts balances (9.73) Dividend distribution tax paid (0.52) NET CASH USED IN FINANCING ACTIVITIES (9546.45) NET (DECREASE)/ INCREASE IN CASH ANO CASH EQUIVALENTS (105,10) OPENING CASH AND CASH EQUIVALENTS 622.38 Dividend paid (9827.08) (8807.49) 156.33 596.58 CASH AND CASH EQUIVALENTS ASSUMED ON BUSINESS COMBINATION (33.05) CLOSING CASH AND CASH EQUIVALENTS 484,23 1. The above Statement of Cash Flows has been prepared under the \"Indirect Method\" as set out in Ind AS - 7 \"Statement of Cash Flows\" Asat 2. CASH AND CASH EQUIVALENTS: Asat 30th September, 2024 Unrealised gain / (loss) on foreign currency cash and cash equivalents Cash and cash equivalents as above (1)", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "Non-current liabilities -------=3c.:c6..:..70=--=·c::.9=-2+----------=3c.:c3..:c.58=--=.c::.6=---13", "subsection": "Total Assets 1---------'=-===+-------==-=-=-=-l \nB \nEQUITY AND LIABILITIES", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1881d548d066d668"}, {"chunk_id": "12757d5037815b14", "content": "Asat 2. CASH AND CASH EQUIVALENTS: Asat 30th September, 2024 Unrealised gain / (loss) on foreign currency cash and cash equivalents Cash and cash equivalents as above (1) The Group's corporate strategy aims at creating multiple drivers of growth anchored on its core competencies. The Group is currently focused on three business groups: FMCG, Paperboards, Paper & Packaging and Agri Business. The Group's organisational structure and governance processes are designed to support effective management of multiple businesses while retaining focus on each one of them. The Operating Segments have been reported in a manner consistent with the internal reporting provided to the Corporate Management Committee, which is the Chief Operating Decision Maker. (2) The business groups comprise the following : FMCG Cigarettes Others Cigarettes, Cigars etc. Branded Packaged Foods Businesses (Staples & Meals; Snacks; Dairy & Beverages; Biscuits & Cakes; Chocolates, Coffee & Confectionery); Education and Stationery Products; Personal Care Products; Safety Matches and Agarbattis. Paperboards, Paper & Packaging Paperboards, Paper including Specialty Paper & Packaging including Flexibles. Agri commodities such as wheat, rice, spices, coffee, soya, leaf tobacco and potato. Information Technology services, ITC Grand Central Hotel, Mumbai; FoodTech etc. (3)", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "Non-current liabilities -------=3c.:c6..:..70=--=·c::.9=-2+----------=3c.:c3..:c.58=--=.c::.6=---13", "subsection": "Total Assets 1---------'=-===+-------==-=-=-=-l \nB \nEQUITY AND LIABILITIES", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1881d548d066d668"}, {"chunk_id": "50abc0ca4b47b9d0", "content": "Agri commodities such as wheat, rice, spices, coffee, soya, leaf tobacco and potato. Information Technology services, ITC Grand Central Hotel, Mumbai; FoodTech etc. (3) Segment results of 'FMCG : Others' are after considering significant business development, brand building and gestation costs of Branded Packaged Foods businesses and Personal Care Products business.", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "Non-current liabilities -------=3c.:c6..:..70=--=·c::.9=-2+----------=3c.:c3..:c.58=--=.c::.6=---13", "subsection": "Total Assets 1---------'=-===+-------==-=-=-=-l \nB \nEQUITY AND LIABILITIES", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1881d548d066d668"}, {"chunk_id": "acf9c5b4a64851d5", "content": "Dated : 30th October, 2025 Place : Chennai, India 4r Director & Chief Financial Officer (DIN : 01804345) Registered Office : Virginia House, 37 J.L. Nehru Road, Kolkata 700 071, India For and on behalf of the Board Website: www.itcportal.com I E-mail: enduringvalue@itc.in I Phone: +91-33-2288 9371 I Fax: +91-33-2288 0655 I GIN : L 16005WB1910PLC001985", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "Dated : 30th October, 2025 \nPlace : Chennai, India \n4r \nDirector & Chief Financial Officer \n(DIN : 01804345)", "subsection": "Total Assets 1---------'=-===+-------==-=-=-=-l \nB \nEQUITY AND LIABILITIES", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "041171e22907ad71"}, {"chunk_id": "35ca37566a8d63ea", "content": "Extract of Unaudited Standalone and Consolidated Financial Results for the Quarter and Six Months ended 30th September, 2025 If in Croresl Consolidated Particulars Corresponding 3 Months 6 Months 3 Months 3 Months ended ended ended ended 30.09.2025 30.09.2026 30.09.2024 30.09.2025 30.09.2026 30.09.2024 Total Income from continuing operations 20279.96 42001 .02 20732.45 21840.26 Net Profit/ (Loss) for the period from continuing operations (before tax and Exceptional items) 6763.39 13308.50 6616.79 6890.60 Net Profit/ (Loss) for the period from continuing operations before tax (after Exceptional Items) 6851.47 13396.58 6616.79 6978.68 Net Profit/ (Loss) for the period from discontinued operations (before tax and Exceptional items) - - 137.89 - Exceptional items of discontinued operations - . (1.15) . Net Profit/ (Loss) for the period from continuing operations after tax 5179.82 10D92.18 4975.85 5186.55 10529.96 4979.14 - 112.91 Net Profit/ (Loss) from discontinued operations for the period after tax - - 102.49 - Profit for the period [4+ 7] 5179.82 10092.18 5078.34 5186.55 Total Comprehensive Income for the period [Comprising Profit/ (Loss) for the period (after tax) and Other Comprehensive Income (after tax)] 4991.50 10092.69 4628.45 5051.57 Equity Share Capital 1252.71 1252.71 1250.76 1252.71 1. Basic (for continuing operations) (t): 4.13 8.06 3.98 4.09 Earnings Per Share (oft 1/- each) (not annualised): 2. Diluted (for con1inuing operations) (t): 4.13 8.05 3.98 4.09 3. Basic (for discontinued operations) (t): - - 0.08 - 4.", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "i.\\ \nEnduring Vulu~", "subsection": "Net Profit/ (Loss) for the period from discontinued operations (before tax and Exceptional items) \n-\n-\n137.89 \n-\nExceptional items of discontinued operations \n-\n. \n(1.15) \n.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6af9246aeecb828e"}, {"chunk_id": "697fdb1360e145e9", "content": "4.13 8.06 3.98 4.09 Earnings Per Share (oft 1/- each) (not annualised): 2. Diluted (for con1inuing operations) (t): 4.13 8.05 3.98 4.09 3. Basic (for discontinued operations) (t): - - 0.08 - 4. Diluted (for discontinued operations) (t): - - 0.08 - 5. Basic (for continuing and discontinued operations) (t): 4.13 8.06 4.06 4.09 6. Diluted (for continuing and discontinued operations) (~): 4.13 8.05 4.06 4.09 a) The above is an extract of the detailed format of the Statements of Unaudited Standalone and Consolidated Financial Results filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The unaudited Financial Results and Segment Results were reviewed by the Audit Committee, and approved by the Board of Directors of the Company at its meeting held on 30th October, 2025. The complete Statements of Unaudited Standalone and Consolidated Financial Results are available on the Company's website at https://itcportal.com/investors/quarterly-results.html and on the websites of the National Stock Exchange of India Limited (www.nseindia.com), BSE Limited (www.bseindia.com) and The Calcutta Stock Exchange Limited (www.cse-india.com). The same can also be accessed by scanning the QR Code provided below. b) Exceptional Items of Continuing Operations for the quarter and six months ended 30th September.", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "i.\\ \nEnduring Vulu~", "subsection": "Net Profit/ (Loss) for the period from discontinued operations (before tax and Exceptional items) \n-\n-\n137.89 \n-\nExceptional items of discontinued operations \n-\n. \n(1.15) \n.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6af9246aeecb828e"}, {"chunk_id": "5d516bacac8de710", "content": "The same can also be accessed by scanning the QR Code provided below. b) Exceptional Items of Continuing Operations for the quarter and six months ended 30th September. 2025 represent final settlement of the insurance claim towards leaf tobacco stocks. which were destroyed due to fire at a third party owned warehouse in an earlier year. c) The Limited Review for the Standalone and Consolidated Financial Results, as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, has been completed by the statutory auditors of the Company, who have issued an unmodified report on the same which has been forwarded to the Stock Exchanges. Registered Office : Virginia House, 37 J.L. Nehru Road, Kolkata 700 071, India", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "i.\\ \nEnduring Vulu~", "subsection": "Net Profit/ (Loss) for the period from discontinued operations (before tax and Exceptional items) \n-\n-\n137.89 \n-\nExceptional items of discontinued operations \n-\n. \n(1.15) \n.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6af9246aeecb828e"}, {"chunk_id": "1a451957d02e680c", "content": "SR BC& COLLP Chartered Accountants 22, Camac Street 3rd Floor, Block 'B' Kolkata - 700 016, India Tel : +91 33 6134 4000 Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors ITC Limited 1. We have reviewed the accompanying statement of unaudited standalone financial results of ITC Limited (the \"Company\") for the quarter ended September 30, 2025 and year to date from April 01, 2025 to September 30, 2025 (the \"Statement\") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the \"Listing Regulations\"). 2. The Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) \"Interim Financial Reporting\" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company's Board of Directors. Our responsibility is", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "SR BC& COLLP \nChartered Accountants", "subsection": "Review Report to \nThe Board of Directors \nITC Limited", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8a86111dc1b07506"}, {"chunk_id": "bbab680307303c50", "content": "generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, \"Review of Interim Financial Information Performed by the Independent Auditor of the Entity\" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "SR BC& COLLP \nChartered Accountants", "subsection": "Review Report to \nThe Board of Directors \nITC Limited", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8a86111dc1b07506"}, {"chunk_id": "2c6fd1f806db3a42", "content": "specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For S RB C & CO LLP Chartered Accountants ICAI Firm gistration number: 324982E/E300003 perA • Partner Membership No.: 89802 UDIN: 25089802BMNPUP8929 Place: Chennai Date: October 30, 2025 SR BC & co LLP, a Limited Liability Partnership with LLP Identity No. AAB-4318 Reod, Office: 22, Carnac Street, Block 'B', 3rd Floor, Kolkata-700 016 SR BC& COLLP Chartered Accountants 22, Camac Street 3rd Floor, Block 'B' Kolkata • 700 016, India Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors ITC Limited 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of ITC Limited (the \"Holding Company\") and its subsidiaries (the Holding Company and its subsidiaries together referred to as \"the Group\"), its associates and joint ventures for the quarter ended September 30, 2025 and year to date from April 01, 2025 to September 30, 2025 (the", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "SR BC& COLLP \nChartered Accountants", "subsection": "Review Report to \nThe Board of Directors \nITC Limited", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8a86111dc1b07506"}, {"chunk_id": "4435fa59f586676c", "content": "subsidiaries together referred to as \"the Group\"), its associates and joint ventures for the quarter ended September 30, 2025 and year to date from April 01, 2025 to September 30, 2025 (the \"Statement\") attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the \"Listing Regulations\"). 2. The Holding Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) \"Interim Financial Reporting\" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Holding Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, \"Review oflnterim Financial Information Performed by the Independent Auditor of the Entity\" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "SR BC& COLLP \nChartered Accountants", "subsection": "Review Report to \nThe Board of Directors \nITC Limited", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8a86111dc1b07506"}, {"chunk_id": "b676d05cc73cbd50", "content": "Auditor of the Entity\" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the Master Circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable. 4. The Statement includes the results of the entities as mentioned in Annexure 1.", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "SR BC& COLLP \nChartered Accountants", "subsection": "Review Report to \nThe Board of Directors \nITC Limited", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8a86111dc1b07506"}, {"chunk_id": "7794b493764aefcf", "content": "5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. @~, SR BC & CO LLP. a Limited Liability Partnership with LLP Identity No.AAB·4318 Regd. Office: 22, Ca,nac Street, Block 'B'. 3rd Floor, Kolkata·700 016", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based \non the consideration of the review reports of other auditors referred to in paragraph 6 below, nothing \nhas come to our attention that causes us to believe that the accompanying Statement, prepared in \naccordance with recognition and measurement principles laid down in the aforesaid Indian \nAccounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013, as \namended, read with relevant rules issued thereunder and other accounting principles generally \naccepted in India, has not disclosed the information required to be disclosed in terms of the Listing \nRegulations, including the manner in which it is to be disclosed, or that it contains any material \nmisstatement. \n@~,", "subsection": "Review Report to \nThe Board of Directors \nITC Limited", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b8955ace540abee9"}, {"chunk_id": "664eb72c8d7bff0d", "content": "Chartered Accountants ITC Limited Page 2 of 4 6. The accompanying Statement includes the unaudited interim financial results and other financial information, in respect of twenty three subsidiaries, whose unaudited interim financial results include total assets of Rs. 4,252.18 crores as at September 30, 2025, total revenues of Rs. I, 152.00 crores and Rs. 2,248.79 crores, total net profit after tax of Rs. 152.75 crores and Rs. 286.27 crores, total comprehensive income of Rs. 169.26 crores and Rs. 336.74 crores, for the quarter ended September 30, 2025 and the period ended on that date respectively, and net cash inflows of Rs. 77.70 crores for the period from April 01, 2025 to September 30, 2025, as considered in the Statement which have been reviewed by their respective independent auditors. The independent auditor's reports on interim financial results of these entities have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures in respect of these subsidiaries is based solely on the report of such auditors and procedures performed by us as stated in paragraph 3 above. Our conclusion on the Statement in respect of matters stated in para 6 above is not modified with respect to our reliance on the work done and the reports of the other auditors. ForSRB C & COLLP Chartered Accountants ICAI Firm registration number: 324982E/E300003 per Arvind Sethi Partner Membership No.: 89802", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "SR BC& CO LLP", "subsection": "S. No. \nName \n1 \nRussell Credit Limited \n2 \nGreenacre Holdinqs Limited \n3 \nT echnico Agri Sciences Limited \n4 \nPrag Agro Farm Limited \n5 \nPavan Poplar Limited \n6 \nITC lnfotech India Limited \n7 \nITC lnfotech Do Brasil LTDA. * \n8 \nITC lnfotech Limited, UK* \n9 \nITC lnfotech (USA}, Inc.* \n10 \nlndivate Inc.* \n11 \nITC lnfotech GmbH * \n12 \nITC lnfotech France SAS* \n13 \nITC lnfotech Malaysia SDN. BHD. * \n14 \nITC lnfotech de Mexico, S.A. de C.V.* \n15 \nITC lnfotech Arabia Limited* \n16 \nITC lnfotech Italia s.r.l. * \n17 \nBlazeclan Technologies Private Limited, India* \n18 \nCloudlytics Technologies Private Limited, India* \n19 \nBlazeclan Technologies Pty. Limited, Australia* \n20 \nBlazeclan Technologies Limited, New Zealand* \n21 \nBlazeclan Americas Inc., USA* \n22 \nBlazeclan Technologies Pte. Limited, Singapore* \n23 \nBlazeclan Technoloqies SDN. BHD., Malaysia* \n24 \nBlazeclan Technologies Corporation, Philiooines* \n25 \nBlazeclan Europe SRL., Belgium* \n26 \nBlazeclan Technologies LLC, USA* \n27 \nBlazeclan Technologies Inc., Canada* \n28 \nSresta Natural Bioproducts Private Limited \n29 \nFyve Elements LLC, USA* \n30 \nSresta Global FZE, UAE * \n31 \nT echnico Pty Limited \n32 \nTechnico Technologies Inc.* \n33 \nTechnico Asia Holdings Pty Limited* \n34 \nTechnico Horticultural (Kunming} Co. Limited* \n35 \nITC Integrated Business Services Limited \n36 \nMRR Tradinq & Investment Company Limited* \n37 \nGold Flake Corporation Limited \n38 \nSurya Neoal Private Limited \n39 \nSurya Nepal Ventures Pvt. Ltd.* \n40 \nNorth East Nutrients Private Limited \n41 \nWimco Limited \n42 \nITC lndiVision Limited \n43 \nITC Fibre Innovations Limited \n*Represents step-down subsidiaries", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fe18267bae32090e"}, {"chunk_id": "706e9d2aa4c311f2", "content": "respect to our reliance on the work done and the reports of the other auditors. ForSRB C & COLLP Chartered Accountants ICAI Firm registration number: 324982E/E300003 per Arvind Sethi Partner Membership No.: 89802 UDIN: 25089802BMNPUO2466 Place: Chennai Date: October 30, 2025 Chartered Accountants ITC Limited Page 3 of 4 Annexure-1 List of subsidiaries/associates/joint ventures S. No. Name 1 Russell Credit Limited 2 Greenacre Holdinqs Limited 3 T echnico Agri Sciences Limited 4 Prag Agro Farm Limited 5 Pavan Poplar Limited 6 ITC lnfotech India Limited 7 ITC lnfotech Do Brasil LTDA. * 8 ITC lnfotech Limited, UK* 9 ITC lnfotech (USA}, Inc.* 10 lndivate Inc.* 11 ITC lnfotech GmbH * 12 ITC lnfotech France SAS* 13 ITC lnfotech Malaysia SDN. BHD. * 14 ITC lnfotech de Mexico, S.A. de C.V.* 15 ITC lnfotech Arabia Limited* 16 ITC lnfotech Italia s.r.l. * 17 Blazeclan Technologies Private Limited, India* 18 Cloudlytics Technologies Private Limited, India* 19 Blazeclan Technologies Pty. Limited, Australia* 20 Blazeclan Technologies Limited, New Zealand* 21 Blazeclan Americas Inc., USA* 22 Blazeclan Technologies Pte. Limited, Singapore* 23 Blazeclan Technoloqies SDN. BHD., Malaysia* 24 Blazeclan Technologies Corporation, Philiooines* 25 Blazeclan Europe SRL., Belgium* 26 Blazeclan Technologies LLC, USA* 27 Blazeclan Technologies Inc., Canada* 28 Sresta Natural Bioproducts Private Limited 29 Fyve Elements LLC, USA* 30 Sresta Global FZE, UAE * 31 T echnico Pty Limited 32", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "SR BC& CO LLP", "subsection": "S. No. \nName \n1 \nRussell Credit Limited \n2 \nGreenacre Holdinqs Limited \n3 \nT echnico Agri Sciences Limited \n4 \nPrag Agro Farm Limited \n5 \nPavan Poplar Limited \n6 \nITC lnfotech India Limited \n7 \nITC lnfotech Do Brasil LTDA. * \n8 \nITC lnfotech Limited, UK* \n9 \nITC lnfotech (USA}, Inc.* \n10 \nlndivate Inc.* \n11 \nITC lnfotech GmbH * \n12 \nITC lnfotech France SAS* \n13 \nITC lnfotech Malaysia SDN. BHD. * \n14 \nITC lnfotech de Mexico, S.A. de C.V.* \n15 \nITC lnfotech Arabia Limited* \n16 \nITC lnfotech Italia s.r.l. * \n17 \nBlazeclan Technologies Private Limited, India* \n18 \nCloudlytics Technologies Private Limited, India* \n19 \nBlazeclan Technologies Pty. Limited, Australia* \n20 \nBlazeclan Technologies Limited, New Zealand* \n21 \nBlazeclan Americas Inc., USA* \n22 \nBlazeclan Technologies Pte. Limited, Singapore* \n23 \nBlazeclan Technoloqies SDN. BHD., Malaysia* \n24 \nBlazeclan Technologies Corporation, Philiooines* \n25 \nBlazeclan Europe SRL., Belgium* \n26 \nBlazeclan Technologies LLC, USA* \n27 \nBlazeclan Technologies Inc., Canada* \n28 \nSresta Natural Bioproducts Private Limited \n29 \nFyve Elements LLC, USA* \n30 \nSresta Global FZE, UAE * \n31 \nT echnico Pty Limited \n32 \nTechnico Technologies Inc.* \n33 \nTechnico Asia Holdings Pty Limited* \n34 \nTechnico Horticultural (Kunming} Co. Limited* \n35 \nITC Integrated Business Services Limited \n36 \nMRR Tradinq & Investment Company Limited* \n37 \nGold Flake Corporation Limited \n38 \nSurya Neoal Private Limited \n39 \nSurya Nepal Ventures Pvt. Ltd.* \n40 \nNorth East Nutrients Private Limited \n41 \nWimco Limited \n42 \nITC lndiVision Limited \n43 \nITC Fibre Innovations Limited \n*Represents step-down subsidiaries", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fe18267bae32090e"}, {"chunk_id": "18b476c81ce2aa29", "content": "26 Blazeclan Technologies LLC, USA* 27 Blazeclan Technologies Inc., Canada* 28 Sresta Natural Bioproducts Private Limited 29 Fyve Elements LLC, USA* 30 Sresta Global FZE, UAE * 31 T echnico Pty Limited 32 Technico Technologies Inc.* 33 Technico Asia Holdings Pty Limited* 34 Technico Horticultural (Kunming} Co. Limited* 35 ITC Integrated Business Services Limited 36 MRR Tradinq & Investment Company Limited* 37 Gold Flake Corporation Limited 38 Surya Neoal Private Limited 39 Surya Nepal Ventures Pvt. Ltd.* 40 North East Nutrients Private Limited 41 Wimco Limited 42 ITC lndiVision Limited 43 ITC Fibre Innovations Limited *Represents step-down subsidiaries", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "SR BC& CO LLP", "subsection": "S. No. \nName \n1 \nRussell Credit Limited \n2 \nGreenacre Holdinqs Limited \n3 \nT echnico Agri Sciences Limited \n4 \nPrag Agro Farm Limited \n5 \nPavan Poplar Limited \n6 \nITC lnfotech India Limited \n7 \nITC lnfotech Do Brasil LTDA. * \n8 \nITC lnfotech Limited, UK* \n9 \nITC lnfotech (USA}, Inc.* \n10 \nlndivate Inc.* \n11 \nITC lnfotech GmbH * \n12 \nITC lnfotech France SAS* \n13 \nITC lnfotech Malaysia SDN. BHD. * \n14 \nITC lnfotech de Mexico, S.A. de C.V.* \n15 \nITC lnfotech Arabia Limited* \n16 \nITC lnfotech Italia s.r.l. * \n17 \nBlazeclan Technologies Private Limited, India* \n18 \nCloudlytics Technologies Private Limited, India* \n19 \nBlazeclan Technologies Pty. Limited, Australia* \n20 \nBlazeclan Technologies Limited, New Zealand* \n21 \nBlazeclan Americas Inc., USA* \n22 \nBlazeclan Technologies Pte. Limited, Singapore* \n23 \nBlazeclan Technoloqies SDN. BHD., Malaysia* \n24 \nBlazeclan Technologies Corporation, Philiooines* \n25 \nBlazeclan Europe SRL., Belgium* \n26 \nBlazeclan Technologies LLC, USA* \n27 \nBlazeclan Technologies Inc., Canada* \n28 \nSresta Natural Bioproducts Private Limited \n29 \nFyve Elements LLC, USA* \n30 \nSresta Global FZE, UAE * \n31 \nT echnico Pty Limited \n32 \nTechnico Technologies Inc.* \n33 \nTechnico Asia Holdings Pty Limited* \n34 \nTechnico Horticultural (Kunming} Co. Limited* \n35 \nITC Integrated Business Services Limited \n36 \nMRR Tradinq & Investment Company Limited* \n37 \nGold Flake Corporation Limited \n38 \nSurya Neoal Private Limited \n39 \nSurya Nepal Ventures Pvt. Ltd.* \n40 \nNorth East Nutrients Private Limited \n41 \nWimco Limited \n42 \nITC lndiVision Limited \n43 \nITC Fibre Innovations Limited \n*Represents step-down subsidiaries", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fe18267bae32090e"}, {"chunk_id": "5e02e7d39189e661", "content": "SR BC & CO LLP Chartered Accountants ITC Limited Page 4 of 4 Associates S. No. Name 1 ATC Limited# 2 Divva ManaQement Limited# 3 Antranq Finance Limited# 4 Russell Investments Limited# 5 Delectable Technologies Private Limited (till May 12, 2025) 6 Mother Sparsh Baby Care Private Limited 7 Sproutlife Foods Private Limited 8 ITC Hotels Limited 9 Ample Foods Private Limited # Represents associate of subsidiaries Joint Ventures S. No. Name 1 Loqix Develooers Private Limited 2 ITC Filtrona LimitedA A Joint venture of a subsidiary", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 21, "section": "SR BC & CO LLP \nChartered Accountants", "subsection": "Joint Ventures \nS. No. \nName \n1 \nLoqix Develooers Private Limited \n2 \nITC Filtrona LimitedA \nA Joint venture of a subsidiary", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c2bb9d242481e1c8"}, {"chunk_id": "560e458c5e35b7a8", "content": "[TABLE] Company: ITC | Year: FY2025 | Section: Introduction | Page: 1\n\n|  |  |  |  |  |  |  | 30th | October, 20 |\n|---|---|---|---|---|---|---|---|---|\n| The M | anager |  |  | The Gene | ral Mana | ger | The Secret | ary |\n| Listing | Departm | ent |  | Dept. of C | orporate | Services | The Calcut | ta Stock |\n| Nation | al Stock | Exchange | of | BSE Ltd. |  |  | Exchange | Ltd. |\n| India L | td. |  |  | P. J. Tow | ers |  | 7, Lyons R | ange |\n| Excha | nge Plaz | a |  | Dalal Stre | et |  | Kolkata 70 | 0 001 |\n| Plot N | o. C-1, G | Block |  | Mumbai 4 | 00 001 |  |  |  |\n| Bandr | a-Kurla C | omplex |  |  |  |  |  |  |\n| Sandra | (East) |  |  |  |  |  |  |  |\n| Mumb | ai 400 05 | 1 |  |  |  |  |  |  |\n| Dear S | irs, |  |  |  |  |  |  |  |\n|  |  |  | Unaud | ited Fina | ncial Res | ults for the |  |  |\n|  | Quarte | r and Six | Months | ended 30 | th Septe | mber, 2025 and | other matt | ers |\n| Furthe | r to our le | tters dated | 16th Oc | tober, 202 | 5 and 27 | th October, 2025 | , we write t | o advise tha |\n| the Bo | ard of Dir | ectors of th | e Comp | any at the | meeting | held today i.e., | 30th Octobe | r, 2025, has, |\n| inter ali | a, appro | ved / recom | mende | d the follo | wing: |  |  |  |\n| 1. App | roval of | Financial | Results | : |  |  |  |  |\n| App | roved the | following: |  |  |  |  |  |  |\n| (i) | Unaudite | d Financia | l Resul | ts of the | Compan | y, both Standal | one and | Consolidated, |\n|  | for the Q | uarter and | Six Mon | ths ended | 30th Sep | tember, 2025; |  |  |\n| (ii) | Unaudite | d Segmen | t-wise R | evenue, | Results, | Assets and Lia | bilities of th | e Company, |\n|  | both St | andalone | and C | onsolidate | d, for t | he Quarter an | d Six Mo | nths ended |\n|  | 30th Sept | ember, 202 | 5; |  |  |  |  |  |\n| (iii) | Unaudite | d Balance S | heet, bo | th Standa | lone and | Consolidated, as | at 30th Sept | ember, 2025; |\n| (iv) | Unaudite | d Stateme | nt of C | ash Flow | s, both | Standalone and | Consolida | ted, for the |\n|  | half year | ended 30th | Septem | ber, 2025 | ; and |  |  |  |\n| (v) | Limited | Review | Reports | from | the Sta | tutory Auditors | of the | Company, |\n|  | Messrs. | SR BC & | CO LLP | , Chartere | d Accou | ntants, on the af | oresaid Sta | ndalone and |\n|  | Consolid | ated Finan | cial Res | ults. |  |  |  |  |\n| The | aforesa | id docum | ents a | re enclo | sed in | terms of R | egulation | 33 of the |\n| SEB | I (Listing | Obligations | and Di | sclosure R | equirem | ents) Regulation | s, 2015. |  |\n| F | MCG • PA | PERBOARDS | & PACKA | GING• AG | RI-BUSINES | S • INFORMATION | TECHNOLO | GY |\n| Visi | t us at www.i | tcportal.com • C | orporate Ide | ntity Number : | LI 6005WB 19 | 1 0PLC00l 985 • e-mail | : enduringvalue | @itc.in |", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 1, "section": "Introduction", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "fe4ab9dedde97ddb", "content": "[TABLE] Company: ITC | Year: FY2025 | Section: Introduction > (R. K. Sing i) \nExecutive Vice President & \nCompany Secretary | Page: 2\n\n| 2. | Approval for volu | ntary delis | ting of the O | rdinary S | hares | of the | Company | from |\n|---|---|---|---|---|---|---|---|---|\n|  | The Calcutta Stock | Exchange | Limited (CSE) | : |  |  |  |  |\n|  | Approved voluntary | delisting of | the Company' | s Ordinary | Shar | es from | CSE, pursu | ant to |\n|  | Regulations 5 and | 6 of the | SEBI (Delistin | g of Equit | y Sh | ares) R | egulations, | 2021. |\n|  | The Ordinary Shares | of the Com | pany will cont | inue to rem | ain lis | ted on t | he National | Stock |\n|  | Exchange of India Li | mited and B | SE Limited, pro | viding natio | nwid | e trading | facilities. |  |\n| 3. | Recommendation fo | r appointm | ent/ re-appoi | ntment of | Direct | ors: |  |  |\n|  | Recommended for th | e approval | of the Members | : |  |  |  |  |\n|  | (i) appointment of | Mr. Amitab | h Kant (DIN: | 00222708) | as a | Director | and also | as an |\n|  | Independent Dir | ector of th | e Company fo | r a period | of fiv | e years | with effect | from |\n|  | 1st January, 2026 | ; |  |  |  |  |  |  |\n|  | (ii) re-appointment o | f Mr. Hema | nt Malik (DIN: | 06435812) | as a | Director, | liable to ret | ire by |\n|  | rotation, and als | o as a Who | letime Director | of the Com | pany | for a pe | riod of two | years |\n|  | with effect from 1 | 2th August, | 2026. |  |  |  |  |  |\n|  | . |  |  |  | i. | f,IOD | ~M.,, |  |\n| Th | e Board Meeting com | menced at | 1.20 p.m. and | concluded a | t ...... | ......... J |  |  |\n| (R. | K. Sing i) |  |  |  |  |  |  |  |", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 2, "section": "Introduction", "subsection": "(R. K. Sing i) \nExecutive Vice President & \nCompany Secretary", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "b249f02c14bfd611", "content": "[TABLE] Company: ITC | Year: FY2025 | Section: Introduction > (R. K. Sing i) \nExecutive Vice President & \nCompany Secretary | Page: 3\n\n| Securities E |\n|---|\n| Division of C |\n| Office of Int |\n| Mail Stop 3- |\n| 450 Fifth Str |\n| Washington |\n| U.S.A. |\n| Societe de l |\n| 35A Boulev |\n| L-1840 Luxe |", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Introduction", "subsection": "(R. K. Sing i) \nExecutive Vice President & \nCompany Secretary", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "4327138c328de059", "content": "[TABLE] Company: ITC | Year: FY2025 | Section: A \nfaadl.U\"'UIII \\ alw \nITC Limited | Page: 4\n\n| Particulars |  | 3 Months ended 30.09.2025 | Corresponding 3 Months ended 30.09.2024 | Preceding 3 Months ended 30.06.2025 | 6 Months ended 30.09.2025 | 6 Months ended 30.09.2024 | Twelve Months ended 31.03.2025 |\n|---|---|---|---|---|---|---|---|\n|  |  | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) |\n| CONTINUING OPERATIONS Gross Revenue from sale of products and services Other operating revenue REVENUE FROM OPERATIONS [(i)+(ii)] OTHER INCOME TOTAL INCOME (1+2) | (i) (ii) 1 2 3 | 19148.37 233.62 | 19686.24 172.51 | 20910.95 148.03 | 40059.32 381.65 | 37142.92 308.85 | 73464.55 771.52 |\n|  |  | 19381.99 897.97 20279.96 | 19858.75 873.70 20732.45 | 21058.98 662.08 21721.06 | 40440.97 1560.05 42001.02 | 37451.77 1572.24 39024.01 | 74236,07 3454,31 77690.38 |\n| EXPENSES a) Cost of materials consumed b) Purchases of Stock-in-Trade c) Changes in inventories of finished goods, Stock-in-Trade, work-in-progress and intermediates d) Excise duty e) Employee benefits expense f) Finance costs g) Depreciation and amortization expense h) Other expenses TOTAL EXPENSES | 4 | 6457.37 1574.33 153.61 1360.74 873.46 15.88 370.71 2710.47 13516.57 | 6030.95 1604.71 1392.17 1209.63 815.81 11.94 368.26 2682.19 14115.66 | 6171.10 3915.83 (14.51) 1309.07 915.47 12.93 365.31 2500.75 15175.95 | 12628.47 5490.16 139.10 2669.81 1788.93 28.81 736.02 5211.22 28692.52 | 11382.86 4728.10 42.72 2429.28 1679.47 20.27 723.63 4979.28 25985.61 | 23440.12 8936.22 (640.50) 4912.55 3416.73 36.35 1441,93 10146.12 51689,52 |\n| PROFIT BEFORE EXCEPTIONAL ITEMS AND TAX (3-4) EXCEPTIONAL ITEMS (Refer Note 4) PROFIT BEFORE TAX (5+6) TAX EXPENSE a) Current Tax b) Deferred Tax PROFIT FOR THE PERIOD FROM CONTINUING OPERATIONS (7-8) | 5 6 7 8 9 | 6763,39 88.08 6851.47 1671.65 1642.49 29.16 5179.82 | 6616.79 - 6616.79 1640.94 1561.49 79.45 4975.85 | 6545.11 - 6545.11 1632.75 1577.96 54.79 4912.36 | 13308.50 88.08 13396.58 3304.40 3220.45 83.95 10092.18 | 13038.40 13038.40 3242.62 3110.33 132.29 9795.78 | 26000,86 527.96 26528.82 6436.97 5990.17 446.80 20091.85 |\n| PROFIT BEFORE EXCEPTION.AL ITEMS AND TAX FROM DISCONTINUED OPERATIONS EXCEPTIONAL ITEMS OF DISCONTINUED OPERATIONS TAX EXPENSE OF DISCONTINUED OPERATIONS PROFIT FOR THE PERIOD FROM DISCONTINUED OPERATIONS (10+11-12) (Refer Note 5) | 10 11 12 13 | . | 137.89 (1.15) 34.25 102.49 | - |  | 271.02 (4.19) 66.82 200,01 | 572.52 15163.06 631.82 15103.76 |\n| PROFIT FOR THE PERIOD (9+13) | 14 | 5179.82 | 5078.34 | 4912.36 | 10092.18 | 9995,79 | 35195.61 |\n| OTHER COMPREHENSIVE INCOME A (i) Items that will not be reclassified to profit or loss (ii) Income tax relating to items that will not be reclassified to profit or loss B (i) Items that will be reclassified to profit or loss (ii) Income tax relating to items that will be reclassified to profit or loss TOTAL COMPREHENSIVE INCOME (14+15) | 15 16 | (188.32) (96.23) 12.88 (138.62) 33.65 4991.50 | (449.89) (483.70) 12.00 25.79 (3.98) 4628.45 | 188.83 177.03 (27.19) 47.14 (8.15) 5101.19 | 0.51 80.80 (14.31) (91.48) 25.50 10092.69 | (597.44) (666.40) 32.95 44.77 (8.76) 9398.35 | (929.38) (1026.75) 85.34 23.30 (11.27) 34266.23 |\n| PAID UP EQUITY SHARE CAPITAL (Ordinary Shares oft 1/-each) RESERVES EXCLUDING REVALUATION RESERVES EARNINGS PER SHARE (oft 1/-each) (not annualised): For Continuing Operations (a) Basic (f) (b) Diluted (f) For Discontinued Operations (a) Basic (t) (b) Diluted (t) For Continuing and Discontinued Operations (a) Basic (t) (b) Diluted {t) | 17 18 19 | 1252.71 4.13 4.13 - - 4.13 4.13 | 1250.76 3.98 3.98 0.08 0.08 4.06 4.06 | 1251.75 3.93 3.92 - - 3.93 3.92 | 1252.71 8.06 8.05 8.06 8.05 | 1250.76 7.84 7.83 0.16 0.16 8.00 7.99 | 1251.41 66648.73 16.07 16.05 12.08 12.06 28.15 28.11 |", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "A \nfaadl.U\"'UIII \\ alw \nITC Limited", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d4381dff0020decb", "content": "[TABLE] Company: ITC | Year: FY2025 | Section: A \nfaadl.U\"'UIII \\ alw \nITC Limited | Page: 5\n\n|  | Particulars | 3 Months ended 30.09.2025 | Corresponding 3 Months ended 30.09.2024 | Preceding 3 Months ended 30.06.2025 | 6 Months ended 30.09.2025 | 6 Months ended 30.09.2024 | Twelve Months ended 31.03.2025 |\n|---|---|---|---|---|---|---|---|\n|  |  | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) |\n| a. b. C. d. e. f. g. | Revenue from Operations Total Income Total Expenses Profit Before Exceptional Items and Tax (b-c) Exceptional Items Tax Expenses Profit from Discontinued Operations (d+e-f) | - - - - - - - | 701.55 706.47 568.58 137.89 (1.15) 34.25 102.49 | - - - - - - - | - - - - - - - | 1346.44 1354.09 1083.07 271.02 (4.19) 66.82 200.01 | 2277.73 2296.94 1724.42 572.52 15163.06 631.82 15103.76 |", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "A \nfaadl.U\"'UIII \\ alw \nITC Limited", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "1f82931596f5f73d", "content": "[TABLE] Company: ITC | Year: FY2025 | Section: A \nfaadl.U\"'UIII \\ alw \nITC Limited > 1063.80 \n-\n4283.28 \n4506.30 | Page: 6\n\n| Particulars | 3 Months ended 30.09.2025 | Corresponding Preceding Twelve 3 Months 3 Months 6 Months 6 Months Months ended ended ended ended ended 30.09.2024 30.06.2025 30.09.2025 30.09.2024 31.03.2025 |  |  |  |  |\n|---|---|---|---|---|---|---|\n|  | (Unaudited) | (Unaudited) (Unaudited) (Unaudited) (Unaudited) |  |  |  | (Audited) |\n| 1. Segment Revenue a) FMCG -Cigarettes -Others Total FMCG b) Agri Business C) Paperboards, Paper & Packaging d) Others Total Less : Inter-segment revenue | 8722.83 5964.44 | 8177.27 5577.73 | 8520.04 5777.01 | 17242.87 11741.45 | 16095.37 11068.76 | 32631.27 21981.57 |\n|  | 14687.27 | 13755.00 | 14297.05 | 28984.32 | 27164.13 | 54612.84 |\n|  | 3976.24 2219.92 75.29 | 5780.51 2114.09 37.08 | 9685.03 13661.27 2115.76 4335.68 68.01 143.30 |  | 12753.83 4090.74 70.01 | 19753.80 8422.81 167.37 |\n|  | 20958.72 | 21686.68 | 26165.85 | 47124.57 | 44078.71 | 82956.82 |\n|  | 1810.35 | 2000.44 | 5254.90 | 7065.25 | 6935.79 | 9492.27 |\n| Gross Revenue from sale of products and services | 19148.37 | 19686.24 | 20910.95 | 40059.32 | 37142.92 | 73464.56 |\n| 2. Segment Results a) FMCG • Cigarettes • Others [Note (i)] Total FMCG b) Agri Business C) Paperboards, Paper & Packaging d) Others Total Less: i) Finance Costs ii) Other un-allocable (income) net of un-allocable expenditure [Note (ii)] iii) Exceptional Items• | 5240.66 440.35 | 5023.35 441.80 | 5145.28 397.49 | 10385.94 837.84 | 9982.97 917.66 | 20024.87 1579.66 |\n|  | 5681.01 | 5465.15 | 5542.77 | 11223.78 | 10900.63 | 21604.53 |\n|  | 459.10 191.01 (7.11) | 454.72 242.47 13.32 | 433.88 162.62 (6.60) | 892.98 353.63 (13.71) | 810.52 503.78 24.93 | 1478.03 911.49 64.02 |\n|  | 6324.01 | 6175.66 | 6132.67 | 12456.68 | 12239.86 | 24058.07 |\n|  | 15.88 (455.26) (88.08) | 11.94 (453.07) - | 12.93 (425.37) - | 28.81 (880.63) (88.08) | 20.27 (818.81) | 36.35 (1979.14) (527.96) |\n| Profit Before Tax from Continuing Operations | 6851.47 | 6616.79 | 6545.11 | 13396.58 | 13038A0 | 26528.82 |\n| 3. Segment Assets a) FMCG -Cigarettes -Others Total FMCG b) Agri Business c) Paperboards, Paper & Packaging d) Others Total Discontinued Operations- Unallocated Corporate Assets | 10769.40 15124.50 | 10002.74 14895.03 | 10071.82 16098.09 | 10769.40 15124.50 | 10002.74 14895.03 | 9929.46 12911.68 |\n|  | 25893.90 | 24897.77 | 26169.91 | 25893.90 | 24897.77 | 22841.14 |\n|  | 8613.16 9779.55 201.70 | 6780.54 9659.94 135.15 | 9284.61 9773.42 193.27 | 8613.16 9779.55 201.70 | 6780.54 9659.94 135.15 | 6956.68 9656.83 149.52 |\n|  | 44488.31 - 41483.78 | 41473.40 6481.60 41455.13 | 45421.21 45091.56 | 44488.31 41483.78 | 41473.40 6481.60 41455.13 | 39604.17 - 44405.03 |\n| Total Assets | 85972.09 | 89410.13 | 90512.77 | 85972.09 | 89410.13 | 84009.20 |\n| 4. Segment Liabilities a) FMCG -Cigarettes -Others Total FMCG b) Agri Business C) Paperboards, Paper & Packaging d) Others Total Discontinued Operations0 Unallocated Corporate Liabilities | 6321.46 2844.28 | 5817.64 2508.77 | 5975.77 2609.86 | 6321.46 2844.28 | 5817.64 2508.77 | 5516.37 2442.96 |\n|  | 9165.74 | 8326.41 | 8585.63 | 9165.74 | 8326.41 | 7959.33 |\n|  | 1518.86 1312.00 44.30 | 1463.05 1295.39 26.36 | 1797.94 1364.72 40.36 | 1518.86 1312.00 44.30 | 1463.05 1295.39 26.36 | 2221.65 1361.09 60.69 |\n|  | 12040.90 5346.86 | 11111.21 1063.80 4283.28 | 11788.65 - 5596.31 | 12040.90 - 5346.86 | 11111.21 1063.80 4283.28 | 11602.76 - 4506.30 |\n| Total Liabilities | 17387.76 | 16458.29 | 17384.96 | 17387.76 | 16458.29 | 16109.06 |", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "A \nfaadl.U\"'UIII \\ alw \nITC Limited", "subsection": "1063.80 \n-\n4283.28 \n4506.30", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "9494dfb5f949d945", "content": "[TABLE] Company: ITC | Year: FY2025 | Section: A \nfaadl.U\"'UIII \\ alw \nITC Limited > 1063.80 \n-\n4283.28 \n4506.30 | Page: 7\n\n| Balance Sheet |  | STANDALONE |  |\n|---|---|---|---|\n| Particulars |  | As at 30th September, 2025 | Asa 31st March, 2025 |\n|  |  | (Unaudited) | (Audited) |\n| A 1 2 B 1 2 | ASSETS Non-current assets (a) Property, Plant and Equipment 16287.61 16445.49 (b) Capital work-in-progress 1267.70 1067.79 (c) Investment Property 392.15 399.89 (d) Goodwill 577.20 577.20 (e) Other Intangible assets 2367.14 2024.04 (f) Intangible assets under development 33.77 2.91 (g) Right-of-use assets 462.51 541.86 (h) Financial Assets (i) Investments 20665.62 20701.17 (ii) Loans 5.17 6.28 (iii) Others 523.42 1522.90 (i) Other non-current assets 1031.37 963.73 Non-current assets 43613.66 44253.26 Current assets (a) Inventories 18010.90 15061.01 (b) Financial Assets (i) Investments 13613.41 15285.91 (ii) Trade receivables 5355.04 3910.77 (iii) Cash and cash equivalents 23.59 222.06 (iv) Bank Balances other than (iii) above 2818.64 2962.32 (v) Loans 5.54 8.96 (vi) Others 1124.55 1261.20 (c) Other current assets 1406.76 1043.71 Current assets 42358.43 39755.94 Total Assets 85972.09 84009.20 EQUITY AND LIABILITIES Equity (a) Equity Share capital 1252.71 1251.41 (b) Other Equity 67331.62 66648.73 Equity 68584.33 67900.14 LIABILITIES Non-current liabilities (a) Financial Liabilities (i) Lease Liabilities 106.08 117.45 (ii) Other financial liabilities 313.77 87.89 (b) Provisions 226.92 225.23 (c) Deferred tax liabilities (Net) 2628.75 2556.35 Non-current liabilities 3275.52 2986.92 Current liabilities (a) Financial Liabilities (i) Borrowings 1.76 1.76 (ii) Lease Liabilities 35.28 37.54 (iii) Trade payables (A) total outstanding dues of micro and small 210.77 178.24 enterprises; and (8) total outstanding dues of creditors other than 4596.96 4311.58 micro and small enterprises (iv) Other financial liabilities 1301.28 1448.69 (b) Other current liabilities 6220.87 6070.02 (c) Provisions 50.45 46.53 (d) Current Tax Liabilities (Net) 1694.87 1027.78 Current liabilities 14112.24 13122.14 Total Eauitv and Liabilities 85972.09 84009.20 |  |  |", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "A \nfaadl.U\"'UIII \\ alw \nITC Limited", "subsection": "1063.80 \n-\n4283.28 \n4506.30", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "3aa32fe331af7385", "content": "[TABLE] Company: ITC | Year: FY2025 | Section: A \nfaadl.U\"'UIII \\ alw \nITC Limited > ITC Limited \nStandalone Statement of Cash Flows for the half year ended 30th September, 2025 | Page: 8\n\n|  | For the half year ended For the half year ended 30th September, 2025 30th September, 2024 If in Croresl If in Croresl |  |  |  |\n|---|---|---|---|---|\n| A. Cash Flow from Operating Activities PROFIT BEFORE TAX FROM CONTINUING OPERATIONS PROFIT BEFORE TAX FROM DISCONTINUED OPERATIONS ADJUSTMENTS FOR : Depreciation and amortization expense Share based payments to employees Finance costs Interest Income Dividend Income Net loss/ (gain) on sale of property, plant and equipment, lease termination Inventory write-offs/ write-downs (net of reversals) Doubtful and bad debts Doubtful and bad advances, loans and deposits Impairment of investment in associate Gain recognised on divestment of shares held in associate Net gain arising on financial instruments measured at amortised cost/ fair value through profit or loss/ fair value through other comprehensive income Foreign currency translations and transactions -Net OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES ADJUSTMENTS FOR : Trade receivables, advances and other assets Inventories Trade payables, other liabilities and provisions CASH GENERATED FROM OPERATIONS Income tax paid (net of refunds) NET CASH FROM OPERATING ACTIVITIES B. Cash Flow from Investing Activities Purchase of property, plant and equipment, intangibles, ROU asset etc. Sale of property, plant and equipment Purchase of current investments Sale/redemption of current investments Investment in subsidiaries Investment in associates Divestment of shares held in associate Purchase of non-current investments Sale/redemption of non-current investments Dividend received Interest received Investment in bank deposits (original maturity more than 3 months) Redemption/ maturity of bank deposits (original maturity more than 3 months) Investment in deposit with financial institution Maturity of deposit with financial institution Loans given Loans realised NET CASH FROM INVESTING ACTIVITIES c. Cash Flow from Financing Activities Proceeds from issue of share capital Principal payment of lease liabilities Interest paid Net decrease in statutory restricted accounts balances Dividend paid NET CASH USED IN FINANCING ACTIVITIES NET DECREASE IN CASH AND CASH EQUIVALENTS OPENING CASH AND CASH EQUIVALENTS CLOSING CASH AND CASH EQUIVALENTS | 736.02 62.12 28.81 (602.89) (357.41) 3.47 183.08 2.39 0.70 - (0.01) (506.35) (11.22) | 13396.58 - (461.29) | 875.19 58.58 25.92 (704.37) (341.01) (87.85) 115.44 5.30 1.31 11.00 (464.75) 3.20 | 13038.40 266.83 (502.04) |\n|  | (1741.15) (3132.96) 274.33 | 12935.29 (4599.78) | (1830.49) (3675.35) 666.08 | 12803.19 (4839.76) |\n|  | (1006.71) 10.83 (22774.75) 25021.81 (416.07) (181.84) 0.01 (1632.71) 2514.27 281.65 394.09 (319.82) 1700.96 (500.00} 450.00 (1.42) 5.95 | 8335.51 (2553.36) | (881.31) 107.50 (24859.76) 27268.21 (764.52) (29.99) - (258.71) 354.00 272.68 578.90 (2144.90) 3627.83 - (2.10) 6.52 | 7963.43 (2504.29) |\n|  |  | 5782.15 |  | 5459.14 |\n|  | 348.14 (20.12) (21.59) (9.73) (9823.58) | 3546.25 | 623.64 (26.46) (41.95) (1.90) (9363.54) | 3274.35 |\n|  |  | {9526.88) (198.48) 222.06 23.58 |  | (8810.21) (76.72) 197.63 120.91 |", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "A \nfaadl.U\"'UIII \\ alw \nITC Limited", "subsection": "ITC Limited \nStandalone Statement of Cash Flows for the half year ended 30th September, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "578aeddf254a1382", "content": "[TABLE] Company: ITC | Year: FY2025 | Section: Dated : 30th October, 2025 \nPlace : Chennai, India \n4i-'\"' oo behalf of the Boa~/ | Page: 9\n\n|  | focused on th governance p The Operatin | re roc g | e business esses are Segments | groups : FM designed to s have been r | CG, Paperboards, upport effective ma eported in a man | Paper & Packaging a nagement of multiple ner consistent with t | nd Agri Business. Th businesses while reta he internal reporting | e Company's or ining focus on e provided to th | ganisational ach one of the e Corporate | structure and m. Management |\n|---|---|---|---|---|---|---|---|---|---|---|\n|  | Committee, w | hic | h is the Ch | ief Operating | Decision Maker. |  |  |  |  |  |\n| (2) | The business | gr | oups comp | rise the followi | ng |  |  |  |  |  |\n|  | FMCG | Ci Ot | garettes hers |  |  | Cigarettes. Cigars etc. Branded Packaged Fo Biscuits & Cakes; Ch | ods Businesses (Sta ocolates, Coffee & | ples & Meals; S Confectionery); | nacks; Dairy Education an | & Beverages; d Stationery |\n|  | Paperboards, | Pa | per & Pack | aging |  | Products; Personal Ca Paperboards, Paper in | re Products; Safety M cluding Specialty Pap | atches and Aga er & Packaging | rbattis. including Fle | xibles. |\n|  | Agri Business |  |  |  |  | Agri commodities such | as wheat, rice, spice | s, coffee, soya a | nd leaf tobac | co. |\n|  | Others |  |  |  |  | ITC Grand Central Hot | el, Mumbai; FoodTec | h. |  |  |\n| (3) | Segment resu | lts | of 'FMCG | : Others' ar | e after considering | significant business | development, brand | building and ge | station costs | of Branded |\n| Register Virginia | Packaged Foo ed Office : House, 37 J.L. | ds Ne | businesse hru Road, | s and Person | al Care Products b | usiness. 4i- | '\"' |  |  |  |\n| Kolkata Dated : 3 Place : C | 700 071, India 0th October, 2 hennai, India | 02 | 5 |  |  |  | oo behalf of the | Boa~/ |  |  |", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 9, "section": "Dated : 30th October, 2025 \nPlace : Chennai, India \n4i-'\"' oo behalf of the Boa~/", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "2e40d32ca6eac0d3", "content": "[TABLE] Company: ITC | Year: FY2025 | Section: Dated : 30th October, 2025 \nPlace : Chennai, India \n4i-'\"' oo behalf of the Boa~/ > EXCEPTIONAL ITEMS (Refer Note 4) \n7 \n88.08 \n-\n88.08 \n-\n- | Page: 10\n\n| Particulars |  | 3 Months ended 30.09.2025 | Corresponding 3 Months ended 30.09.2024 | Preceding 3 Months ended 30.06.2025 | 6 Months ended 30.09.2025 | 6 Months ended 30.09.2024 | Twelv Month ended 31.03.2025 |\n|---|---|---|---|---|---|---|---|\n|  |  | !Unaudited> | !Unaudttedl | /Unaudited | /Unaudited I | !Unaudited | fAudited |\n| CONTINUING OPERATIONS Gross Revenue from sale of products and seNices Other operating revenue REVENUE FROM OPERATIONS [(i)+(ii)] OTHER INCOME TOTAL INCOME (1+2) | (i) {ii) 1 2 3 | 21047.45 208.41 | 21387.15 149.23 | 23007.49 121.86 | 44054.94 330.27 | 40626.20 260.26 | 80942.76 670.02 |\n|  |  | 21255.86 584.40 21840.26 | 21536.38 610.87 22147.25 | 23129.35 682.21 23811.56 | 44385.21 1266.61 45651.82 | 40886.46 1293.57 42180.03 | 81612.78 2529.69 84142.47 |\n| EXPENSES a) Cost of materials consumed b) Purchases of Stock-in-Trade and Biological Assets c) Changes in inventories offinished goods, Stock-in-Trade, work-in-progress, intermediates and Biological Assets d) Excise duty e) Employee benefits expense f) Finance costs g) Depreciation and amortization expense h) Other expenses TOTAL EXPENSES | 4 | 6577.45 1565.71 (1.74) 1754.23 1654.49 20.05 434.80 3011.03 15016.02 | 6122.83 1585.53 1357.65 1546.02 1464.87 14.73 416.18 2907.40 15415.21 | 6238.30 3894.19 97.99 1634.56 1675.85 16.47 422.96 2771.99 16752.31 | 12815.75 5459.90 96.25 3388.79 3330.34 36.52 857.76 5783.02 31768.33 | 11521.53 4692.98 63.28 3118.29 2982.38 24.33 819.31 5411.08 28633.18 | 23757.33 8947.04 (725.65) 6289.44 6169.78 45.06 1646.32 11196.63 57325.95 |\n| SHARE OF PROFIT/ (LOSS) OF ASSOCIATES AND JOINT VENTURES PROFIT BEFORE EXCEPTIONAL ITEMS ANO TAX (3-4+5) EXCEPTIONAL ITEMS (Refer Note 4) PROFIT BEFORE TAX {6+7) TAX EXPENSE a) Current Tax b) Deferred Tax PROFIT FOR THE PERIOD FROM CONTINUING OPERATIONS (8-9) | 5 6 7 8 9 10 | 66.36 6890.60 88.08 6978.68 1792.13 1769.40 22.73 5186.55 | 4.15 6736.19 - 6736.19 1757.05 1675.87 81.18 4979.14 | 68.76 7128.01 7128.01 1784.60 1738.59 46.01 5343.41 | 135.12 14018.61 88.08 14106.69 3576.73 3507.99 68.74 10529.96 | 7.91 13554.76 - 13554.76 3483.30 3349.80 133.50 10071.46 | 110.42 26926.94 - 26926.94 6890.47 6509.61 380.86 20036.47 |\n| PROFIT BEFORE EXCEPTIONAL ITEMS ANO TAX FROM DISCONTINUED OPERATIONS EXCEPTIONAL ITEMS OF DISCONTINUED OPERATIONS TAX EXPENSE OF DISCONTINUED OPERATIONS PROFIT FOR THE PERIOD FROM DISCONTINUED OPERATIONS (11+12-13) (Refer Note 5) | 11 12 13 14 |  | 112.91 {1.15) 36.47 75.29 | - - | - - | 235.43 {4.19) 71.28 159.96 | 525.84 15128.81 638.64 15016.01 |\n| PROFIT FOR THE PERIOD (10+14) | 15 | 5186.55 | 5054.43 | 5343.41 | 10529.96 | 10231.42 | 35052.48 |\n| OTHER COMPREHENSIVE INCOME A (i) Items that will not be reclassified to profit or loss (ii) Income tax relating to items that will not be reclassified to profit or loss B {i) Items that will be reclassified to profit or loss (ii) Income tax relaling to items that will be reclassified to profit or loss TOTAL COMPREHENSIVE INCOME (15+16) | 16 17 | (134.98) (104.69) 14.25 (79.91) 35.37 5051.57 | (412.45) (565.05) (1.50) 157.86 (3.76) 4641.98 | 214.08 187.01 (27.19) 62.53 (8.27) 5557.49 | 79.10 82.32 (12.94) (17.38) 27.10 10609.06 | (646.39) (779.40) 23.77 118.06 (8.82) 9585.03 | (624.86) (1072.62) 59.58 398.32 {10.14) 34427.62 |\n| PROFIT FOR THE PERIOD ATTRIBUTABLE TO: OWNERS OF THE PARENT NON-CONTROLLING INTERESTS OTHER COMPREHENSIVE INCOME FOR THE PERIOD ATTRIBUTABLE TO: OWNERS OF THE PARENT NON-CONTROLLING INTERESTS TOTAL COMPREHENSIVE INCOME FOR THE PERIOD ATTRIBUTABLE TO: OWNERS OF THE PARENT NON-CONTROLLING INTERESTS PAID UP EQUITY SHARE CAPITAL (Ordinary Shares oft 1/-each) RESERVES EXCLUDING REVALUATION RESERVES EARNINGS PER SHARE {of~ 1/-each) {not annualised): For Continuing Operations {a) Basic(~) {b) Diluted {t) For Discontinued Operations (a) Basic{t) {b) Diluted (t) For Conlinuing and Discontinued Operations {a) Basic{~) (b) Diluted {f) | 18 19 20 | 5126.11 60.44 (133.67) (1.31) 4992.44 59.13 1252.71 4.09 4.09 - 4.09 4.09 | 4992.87 61.56 (412.17) (0.28) 4580.70 61.28 1250.76 3.93 3.93 0.06 0.06 3.99 3.99 | 5244.20 99.21 214.08 - 5458.28 99.21 1251.75 4.19 4.18 - . 4.19 4.18 | 10370.31 159.65 80.41 (1.31) 10450.72 158.34 1252.71 8.28 8.27 - - 8.28 8.27 | 10084.46 34746.63 146.96 305.85 (646.11) (624.87) (0.28) 0.01 9438.35 34121.76 146.68 305.86 1250.76 1251.41 68778.64 7.94 15.78 7.93 15.76 0.13 12.01 0.13 11.99 8.07 27.79 8.06 27.75 |  |", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "Dated : 30th October, 2025 \nPlace : Chennai, India \n4i-'\"' oo behalf of the Boa~/", "subsection": "EXCEPTIONAL ITEMS (Refer Note 4) \n7 \n88.08 \n-\n88.08 \n-\n-", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "adec97bc6d928b4a", "content": "[TABLE] Company: ITC | Year: FY2025 | Section: Dated : 30th October, 2025 \nPlace : Chennai, India \n4i-'\"' oo behalf of the Boa~/ > b Total Income \n-\n776.13 \n-\n-\n1488.71 \n2517.16 | Page: 11\n\n| Sr. No. | Particulars | 3 Months ended 30.09.2025 | Corresponding 3 Months ended 30.09.2024 | Preceding 3 Months ended 30.06.2025 | 6 Months ended 30.09.2025 | 6 Months ended 30.09.2024 | Twelve Months ended 31.03.2025 |\n|---|---|---|---|---|---|---|---|\n|  |  | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) |\n| a b C d e f g h | Revenue from Operations Total Income Total Expenses Share of Profit/ (Loss) of Associates and Joint Ventures Profit Before Exceptional Items And Tax (b-c+d) Exceptional Items Tax Expenses Profit from Discontinued operations (e+f-g) | - - - - - . . . | 770.90 776.13 667.19 3.97 112.91 (1.15) 36.47 75.29 | - - - - - - . . | - - - - . . - . | 1471.30 1488.71 1261.10 7.82 235.43 (4.19) 71.28 159.96 | 2484.58 2517.16 2002.67 11.35 525.84 15128.81 638.64 15016.01 |", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "Dated : 30th October, 2025 \nPlace : Chennai, India \n4i-'\"' oo behalf of the Boa~/", "subsection": "b Total Income \n-\n776.13 \n-\n-\n1488.71 \n2517.16", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "9ca992d22ed4cef1", "content": "[TABLE] Company: ITC | Year: FY2025 | Section: Dated : 30th October, 2025 \nPlace : Chennai, India \n4i-'\"' oo behalf of the Boa~/ > 10143.83 \n-\n-\n38070.30 \n44428.35 \n40718.18 | Page: 12\n\n| CONSOLIDATED |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|\n| Particulars | 3 Months ended 30.09.2025 | Corresponding 3 Months ended 30.09.2024 | Preceding 3 Months ended 30.06.2025 | 6 Months ended 30.09.2025 | 6 Months ended 30.09.2024 | Twelve Months ended 31.03.2025 |\n|  | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) |\n| 1. Segment Revenue a) FMCG -Cigarettes -Others Total FMCG b) Agri Business c) Paperboards, Paper & Packaging d) Others Total Less : Inter-segment revenue | 9414.34 6059.12 | 8877.86 5585.29 | 9553.86 5800.44 | 18968.20 11859.56 | 17720.08 11084.09 | 35893.57 22015.12 |\n|  | 15473.46 | 14463.15 | 15354.30 | 30827.76 | 28804.17 | 57908.69 |\n|  | 4037.80 2220.32 1244.62 | 5845.25 2114.18 1031.94 | 9723.84 2116.62 1182.59 | 13761.64 4336.94 2427.21 | 12843.14 4091.03 2001.79 | 20163.79 8424.58 4288.11 |\n|  | 22976.20 | 23454.52 | 28377.35 | 51353.55 | 47740.13 | 90785.17 |\n|  | 1928.75 | 2067.37 | 5369.86 | 7298.61 | 7113.93 | 9842.41 |\n| Gross Revenue from sale of Droducts and services | 21047.45 | 21387.15 | 23007.49 | 44054.94 | 40626.20 | 80942.76 |\n| 2. Segment Results a) FMCG -Cigarettes -Others Total FMCG b) Agri Business c) Paperboards, Paper & Packaging d) Others Total Less: i) Finance Costs ii) Other un-allocable (income) net of un-allocable expenditure (Refer Note) iii) Exceptional items• Add: i) Share of Profit I (Loss) of associates and joint ventures | 5462.10 438.72 | 5242.29 444.24 | 5498.93 399.03 | 10961.03 837.75 | 10497.35 923.41 | 21091.35 1590.23 |\n|  | 5900.82 | 5686.53 | 5897.96 | 11798.78 | 11420.76 | 22681.58 |\n|  | 453.61 181.39 182.65 | 446.84 234.91 194.29 | 434.67 151.40 154.88 | 888.28 332.79 337.53 | 791.44 491.06 327.71 | 1540.30 883.11 670.73 |\n|  | 6718.47 | 6562.57 | 6638.91 | 13357.38 | 13030.97 | 25775.72 |\n|  | 20.05 (125.82) (88.08) 66.36 | 14.73 (184.20) . 4.15 | 16.47 (436.81) - 68.76 | 36.52 (562.63) (88.08) 135.12 | 24.33 (540.21) - 7.91 | 45.06 (1085.86) - 110.42 |\n| Profit Before Tax from continuing operations | 6978.68 | 6736.19 | 7128.01 | 14106.69 | 13554.76 | 26926.94 |\n| 3. Segment Assets a) FMCG -Cigarettes -others Total FMCG b) Agri Business c) Paperboards, Paper & Packaging d) Others Total Discontinued Operations•• Unallocated Corporate Assets | 11504.72 15789.38 | 10619.41 15003.61 | 10608.46 16724.06 | 11504.72 15789.38 | 10619.41 15003.61 | 10584.67 13016.19 |\n|  | 27294.10 | 25623.02 | 27332.52 | 27294.10 | 25623.02 | 23600.86 |\n|  | 9589.59 10024.14 3176.65 | 7619.44 9886.56 2728.06 | 10260.29 10022.05 3121.40 | 9589.59 10024.14 3176.65 | 7619.44 9886.56 2728.06 | 7904.83 9908.98 2736.44 |\n|  | 50084.48 - 40718.18 | 45857.08 10143.83 38070.30 | 50736.26 - 44428.35 | 50084.48 - 40718.18 | 45857.08 10143.83 38070.30 | 44151.11 - 43939.57 |\n| Total Assets | 90802.66 | 94071.21 | 95164.61 | 90802.66 | 94071.21 | 88090.68 |\n| 4. Segment Liabilities a) FMCG -Cigarettes -Others Total FMCG b) Agri Business c) Paperboards, Paper & Packaging d) Others Total Discontinued Operations•• Unallocated Corporate Liabilities | 6594.16 2921.35 | 6096.99 2499.58 | 6216.02 2682.66 | 6594.16 2921.35 | 6096.99 2499.58 | 5729.56 2432.70 |\n|  | 9515.51 | 8596.57 | 8898.68 | 9515.51 | 8596.57 | 8162.26 |\n|  | 1589.24 1323.41 1038.14 | 1474.93 1319.59 1005.10 | 1715.41 1378.45 1082.61 | 1589.24 1323.41 1038.14 | 1474.93 1319.59 1005.10 | 2176.93 1384.96 1101.44 |\n|  | 13466.30 - 5741.48 | 12396.19 1295.91 4586.80 | 13075.15 . 6007.58 | 13466.30 . 5741.48 | 12396.19 1295.91 4586.80 | 12825.59 - 4867.15 |\n| Total Liabilities | 19207.78 | 18278.90 | 19082.73 | 19207.78 | 18278.90 | 17692.74 |", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "Dated : 30th October, 2025 \nPlace : Chennai, India \n4i-'\"' oo behalf of the Boa~/", "subsection": "10143.83 \n-\n-\n38070.30 \n44428.35 \n40718.18", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "2a3f98c7bf00e603", "content": "[TABLE] Company: ITC | Year: FY2025 | Section: Non-current liabilities -------=3c.:c6..:..70=--=·c::.9=-2+----------=3c.:c3..:c.58=--=.c::.6=---13 | Page: 13\n\n| Balance Sheet CONSOLIDATED |  |  |  |\n|---|---|---|---|\n| As at Particulars 30th Seotember 2025 /Unauditedl |  |  | As at 31st March 2025 |\n|  |  |  | /Audited |\n| A 1 2 B 1 2 | ASSETS Non-current assets (a) Property, Plant and Equipment 17278.70 17428.89 (b) Capital work-in-progress 1305.01 1087.60 (c) Investment Property 316.07 322.40 (d) Goodwill 1006.46 896.93 (e) Other Intangible assets 3238.98 2724.74 (f) Intangible assets under development 34.54 3.31 (g) Right-of-use assets 525.37 581.89 (h) Investment accounted for using the equity method 5027.79 4711.78 (i) Financial Assets (i) Investments 13006.66 13720.54 (ii) Loans 6.43 7.60 (iii) Others 551.31 1557.57 0) Deferred tax assets (Net) 107.19 87.98 (k) Income Tax Assets (Net) 25.09 50.24 (I) Other non-current assets 1094.59 1015.93 Non-current assets 1------=-4=3:5=2.4...1::9~ +-- 44197.40 Current assets (a) Inventories 18762.59 15637.56 (b) Biological assets other than bearer plants 221.25 198.58 (c) Financial Assets (i) Investments 14513.56 16287.50 (ii) Trade receivables 6503.38 4719.67 (iii) Cash and cash equivalents 484.20 620.00 (iv) Bank balances other than (iii) above 3562.16 3392.36 (v) Loans 6.12 9.51 (vi) Others 1459.75 1656.25 (d) Other current assets 1765.46 1371.85 Current assets l------::.4.7:.2..7:8~.c4.7.: ..:...+-------=-4 -=3 =8 -9 =3 =.2 --8 - 1 Total Assets 1---------'9=0-8=02=.=66 +-------8=80=90-=.-6=8-= -l EQUITY AND LIABILITIES Equity (a) Equity Share capital 1252.71 1251.41 (b) Other Equity 69819.45 68778.64 Attributable to the owners of the parent I-----__;:.7.1:0.7:2:.~16~ +-- 70030.05 Non-controlling interests 522.72 367.89 Total Equity 1---------=7 --1 -=5 -=9 '--4 -'--. '-8 ':-8 =-- -.1------7 '--0 =-3 -=9 -=7 -::. ::9 ....4 :.. ...i LIABILITIES Non-current liabilities (a) Financial Liabilities (i) Lease liabilities 144.05 137.21 (ii) Other financial liabilities 520.05 301.34 (b) Provisions 315.50 303.11 (c) Deferred tax liabilities (Net) 2649.49 2582.46 (d) Other non-current liabilities 41.83 34.51 Non-current liabilities -------=3c.:c6..:..70=--=·c::.9=-2+----------=3c.:c3..:c.58=--=.c::.6=---13 Current liabilities (a) Financial Liabilities (i) Borrowings 157.37 91.26 (ii) Lease liabilities 61.55 56.07 (iii) Trade payables (A) Total outstanding dues of micro and small 217.14 180.64 enterprises (B) Total outstanding dues of creditors other than 4940.82 4626.66 micro and small enterprises (iv) Other financial liabilities 1787.12 1921.50 (b) Other current liabilities 6403.15 6148.27 (c) Provisions 93.02 80.06 (d) Current Tax Liabilities (Net) 1876.69 1229.65 Current liabilities------'=1-5=5=36=.86+ -- 14334.11 Total EQuitv and Liabilities 90802.66 88090.68 |  |  |\n|  |  | -------=3c.:c6..:..70=--=·c::.9=-2+----------=3c.:c3..:c.58=--=.c::.6=---13 157.37 91.26 61.55 56.07 217.14 180.64 4940.82 4626.66 1787.12 1921.50 6403.15 6148.27 93.02 80.06 1876.69 1229.65 es------'=1-5=5=36=.86+ -- 14334.11 90802.66 88090.68 |  |", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "Non-current liabilities -------=3c.:c6..:..70=--=·c::.9=-2+----------=3c.:c3..:c.58=--=.c::.6=---13", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d31358021ed6da05", "content": "[TABLE] Company: ITC | Year: FY2025 | Section: Non-current liabilities -------=3c.:c6..:..70=--=·c::.9=-2+----------=3c.:c3..:c.58=--=.c::.6=---13 | Page: 14\n\n|  | For the half year ended For the half year ended 30th September, 2025 30th September, 2024 (\" In Crores) (\" in Crores |  |  |  |\n|---|---|---|---|---|\n| A. Cash Flow from Operating Activities PROFIT BEFORE TAX FROM CONTINUING OPERATIONS PROFIT BEFORE TAX FROM DISCONTINUED OPERATIONS ADJUSTMENTS FOR : Depreciation and amortization expense Share based payments to employees Finance costs Interest Income Dividend Income Net loss/ (gain) on sale of property, plant and equipment, lease termination Inventory write-offs/ write-downs (net of reversals) Doubtful and bad debts Doubtful and bad advances, loans and deposits Impairment of investment in joint venture and associate Gain recognised on divestment of shares held in associate Share of (profit)/ loss of associates and joint ventures Net gain arising on financial instruments measured at amortised cost/ fair value through profit or loss/ fair value through other comprehensive income Foreign currency translations and transactions -Net OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES ADJUSTMENTS FOR : Trade receivables, advances and other assets Inventories and biological assets other than bearer plants Trade payables, other liabilities and provisions CASH GENERATED FROM OPERATIONS Income tax paid (net of refunds) NET CASH FROM OPERATING ACTIVITIES B. Cash Flow from Investing Activities Purchase of property, plant and equipment, Intangibles, ROU asset etc. Sale of property, plant and equipment Purchase of current investments Sale/redemption of current investments Investment in associates Divestment of shares held in associate Purchase of non-current investments Sale/redemption of non-current investments Payment towards business combination Dividend received from associates and joint venture Dividend received from others Interest received Investment in bank deposits (original maturity more than 3 months) Redemption / maturity of bank deposits (original maturity more than 3 months) Investment in deposit with financial institution Maturity of deposit with financial institution Loans given Loans realised NET CASH FROM INVESTING ACTIVITIES C. Cash Flow from Financing Activities Proceeds from issue of share capital Proceeds from current borrowings Repayment of current borrowings Repayment of non-current borrowings Principal payment of lease liabilities Interest paid Net decrease in statutory restricted accounts balances Dividend paid Dividend distribution tax paid NET CASH USED IN FINANCING ACTIVITIES NET (DECREASE)/ INCREASE IN CASH ANO CASH EQUIVALENTS OPENING CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS ASSUMED ON BUSINESS COMBINATION CLOSING CASH AND CASH EQUIVALENTS | 14106.69 - 857.76 63.93 36.52 (635.09) (15.14) 3.33 187.34 3.11 0.71 0.04 (0.01) (135.12) (528.46) (23.91) (184.99) |  | 13554.76 231.24 1018.94 60.33 27.63 (740.16) (12.12) (96.08) 116.09 3.18 1.31 7.89 - (15.73) (483.73) (5.93) (118.38) |  |\n|  | (1968.87) (3244.35) 289.06 | 13921.70 (4924.16) | (2115.24) (3757.38) 691.57 | 13667.62 (5181.05) |\n|  | (1062.09) 11.25 (25448.46) 27936.73 (181.84) 0.01 (1753.89) 2514.27 (246.08) 29.19 15.14 430.77 (888.63) 1967.76 (500.00) 450.00 (1.53) 6.15 | 8997.54 (2834.94) | (1199.68) 118.02 (28449.09) 31094.14 (29.99) - (280.56) 354.62 25.54 12.12 620.97 (2927.65) 3882.15 - - (2.26) 6.65 | 8486.57 (2747.73) |\n|  |  | 6162.60 |  | 5738.84 |\n|  | 348.14 59.74 (40.64) (7.02) (32.44) (36.90) (9.73) (9827.08) (0.52) | 3278.75 | 623.64 15.50 - - (34.03) (43.66) (1.90) (9367.04) - | 3224.98 |\n|  |  | (9546.45) (105,10) 622.38 (33.05) 484,23 |  | (8807.49) 156.33 596.58 - 752.91 |", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "Non-current liabilities -------=3c.:c6..:..70=--=·c::.9=-2+----------=3c.:c3..:c.58=--=.c::.6=---13", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "cb6552ee6b7cb41e", "content": "[TABLE] Company: ITC | Year: FY2025 | Section: Dated : 30th October, 2025 \nPlace : Chennai, India \n4r \nDirector & Chief Financial Officer \n(DIN : 01804345) | Page: 15\n\n|  | three business processes are The Operating | groups: designed Segmen | FMCG, to suppo ts have | Paperboards, rt effective ma been reported | Paper & Pa nagement of in a mann | ckaging and Agri Bu multiple businesses er consistent with th | siness. The Group's while retaining focus o e internal reporting | organisational str n each one of the provided to the | ucture and m. Corporate | governance Management |\n|---|---|---|---|---|---|---|---|---|---|---|\n|  | Committee, wh | ich is the | Chief Op | erating Decisio | n Maker. |  |  |  |  |  |\n| (2) | The business g FMCG | roups co Cigarettes Others | mprise th | e following : |  | Cigarettes, Cigars et Branded Packaged | c. Foods Businesses | (Staples & Me | als; Snac | ks; Dairy & |\n|  |  |  |  |  |  | Beverages; Biscuits Stationery Products; | & Cakes; Chocolates Personal Care Produ | , Coffee & Confe cts; Safety Match | ctionery); E es and Aga | ducation and rbattis. |\n|  | Paperboards, P Agri Business | aper & P | ackaging |  |  | Paperboards, Paper Agri commodities s | including Specialty P uch as wheat, rice, | aper & Packaging spices, coffee, s | including F oya, leaf | lexibles. tobacco and |\n|  |  |  |  |  |  | potato. |  |  |  |  |\n| (3) | Others Segment result | s of 'FM | CG : Oth | ers' are after | considering | Information Technolo significant business | gy services, ITC Gra development, brand | nd Central Hotel, building and gest | Mumbai; Fo ation costs | odTech etc. of Branded |\n| Register | Packaged Food ed Office : | s busines | ses and | Personal Care | Products bu | siness. |  |  |  |  |\n| Virginia Kolkata 7 Dated : 3 Place : C | House, 37 J.L. N 00 071, India 0th October, 202 hennai, India | ehru Road 5 | , | Director | 4r & Chief Finan (DIN: | For cial Officer 01804345) | and on behalf of the | Board |  |  |", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "Dated : 30th October, 2025 \nPlace : Chennai, India \n4r \nDirector & Chief Financial Officer \n(DIN : 01804345)", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "0bf658949c951d99", "content": "[TABLE] Company: ITC | Year: FY2025 | Section: Directo• •~ncial Officer \n~~\"~'co'i'~g 01804345) | Page: 16\n\n| Extract of Unaudited Standalone and Consolidated Financial Results for the Quarter and Six Months ended 30th September, 2025 If in Croresl |  |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|\n|  |  | Standalone |  |  | Consolidated |  |  |\n| SI. No. | Particulars | 3 Months ended 30.09.2025 | 6 Months ended 30.09.2026 | Corresponding 3 Months ended 30.09.2024 | 3 Months ended 30.09.2025 | 6 Months ended 30.09.2026 | Corresponding 3 Months ended 30.09.2024 |\n| 1 2 3 4 5 6 7 8 9 10 1.1 | Total Income from continuing operations Net Profit/ (Loss) for the period from continuing operations (before tax and Exceptional items) Net Profit/ (Loss) for the period from continuing operations before tax (after Exceptional Items) Net Profit/ (Loss) for the period from continuing operations after tax Net Profit/ (Loss) for the period from discontinued operations (before tax and Exceptional items) Exceptional items of discontinued operations Net Profit/ (Loss) from discontinued operations for the period after tax Profit for the period [4+ 7] Total Comprehensive Income for the period [Comprising Profit/ (Loss) for the period (after tax) and Other Comprehensive Income (after tax)] Equity Share Capital Earnings Per Share (oft 1/-each) (not annualised): 1. Basic (for continuing operations) (t): 2. Diluted (for con1inuing operations) (t): 3. Basic (for discontinued operations) (t): 4. Diluted (for discontinued operations) (t): 5. Basic (for continuing and discontinued operations) (t): 6. Diluted (for continuing and discontinued operations) (~): | 20279.96 6763.39 6851.47 5179.82 - - - 5179.82 4991.50 1252.71 4.13 4.13 - - 4.13 4.13 | 42001.02 20732.45 13308.50 6616.79 13396.58 6616.79 10D92.18 4975.85 - 137.89 . (1.15) - 102.49 10092.18 5078.34 10092.69 4628.45 1252.71 1250.76 8.06 3.98 8.05 3.98 - 0.08 - 0.08 8.06 4.06 8.05 4.06 |  | 21840.26 6890.60 6978.68 5186.55 - . - 5186.55 5051.57 1252.71 4.09 4.09 - - 4.09 4.09 | 45651.82 1401_8.61 14106.69 10529.96 - - - 10529.96 10609.06 1252.71 8.28 8.27 - . 8.28 8.27 | 22147.25 6736.19 6736.19 4979.14 112.91 (1.15) 75.29 5054.43 4641.98 1250.76 3.93 3.93 0.06 0.06 3.99 3.99 |", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "Directo• •~ncial Officer \n~~\"~'co'i'~g 01804345)", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "a1d36cf62b47f72c", "content": "[TABLE] Company: ITC | Year: FY2025 | Section: SR BC& COLLP \nChartered Accountants > perA • \nPartner \nMembership No.: 89802 | Page: 17\n\n| hartered A Indepe | ccountants ndent Auditor' | s Review Report | on th | e Quarterl | y and Year t | Kolkata - Tel : +91 o Date Un | 700 016, I 33 6134 4 audited | ndia 000 Standalone |\n|---|---|---|---|---|---|---|---|---|\n| Financ | ial Results of th | e Company Pur | suant | to the Regu | lation 33 of | the SEBI | (Listing | Obligations |\n| and Di | sclosure Requir | ements) Regulat | ions, | 2015, as am | ended |  |  |  |\n| Review | Report to |  |  |  |  |  |  |  |\n| The Bo | ard of Director | s |  |  |  |  |  |  |\n| ITC Li | mited |  |  |  |  |  |  |  |\n| 1. | We have revie | wed the accompa | nying | statement | of unaudited | standalon | e financ | ial results of |\n|  | ITC Limited (th | e \"Company\") fo | r the | quarter ende | d September | 30, 2025 | and year | to date from |\n|  | April 01, 2025 | to September 30, | 2025 | (the \"Statem | ent\") attache | d herewith | , being | submitted by |\n|  | the Company p | ursuant to the req | uirem | ents of Reg | ulation 33 o | f the SEBI | (Listing | Obligations |\n|  | and Disclosure | Requirements) R | egulat | ions, 2015, | as amended | (the \"Listin | g Regul | ations\"). |\n| 2. | The Company's | Management is | respon | sible for th | e preparation | of the Sta | tement i | n accordance |\n|  | with the recogn | ition and measure | ment | principles l | aid down in I | ndian Acc | ounting | Standard 34, |\n|  | (Ind AS 34) \"In | terim Financial R | eporti | ng\" prescrib | ed under Sec | tion 133 o | f the Co | mpanies Act, |\n|  | 2013 as amend | ed, read with rele | vant r | ules issued | thereunder a | nd other a | ccounti | ng principles |\n|  | generally accep | ted in India and i | n com | pliance wit | h Regulation | 33 of the | Listing | Regulations. |\n|  | The Statement | has been approve | d by t | he Compan | y's Board of | Directors. | Our res | ponsibility is |\n|  | to express a con | clusion on the St | ateme | nt based on | our review. |  |  |  |\n| 3. | We conducted | our review of t | he Sta | tement in | accordance | with the | Standard | on Review |\n|  | Engagements ( | SRE) 2410, \"Re | view | of Interim | Financial I | nformation | Perfor | med by the |\n|  | Independent Au | ditor of the Entit | y\" iss | ued by the | Institute of C | hartered A | ccounta | nts of India. |\n|  | This standard re | quires that we pl | an and | perform th | e review to o | btain mod | erate ass | urance as to |\n|  | whether the St | atement is free | of ma | terial misst | atement. A | review is | limited | primarily to |\n|  | inquiries of co | mpany personnel | and a | nalytical pr | ocedures app | lied to fin | ancial d | ata and thus |\n|  | provide less ass | urance than an au | dit. W | e have not | performed a | n audit an | d accord | ingly, we do |\n|  | not express an a | udit opinion. |  |  |  |  |  |  |\n| 4. | Based on our re | view conducted | as abo | ve, nothing | has come to | our attent | ion that | causes us to |\n|  | believe that the | accompanying | Statem | ent, prepar | ed in accord | ance with | the reco | gnition and |\n|  | measurement pr | inciples laid dow | n in | the aforesai | d Indian Ac | counting S | tandard | s ('Ind AS') |\n|  | specified under | Section 133 of th | e Com | panies Act | , 2013 as am | ended, rea | d with r | elevant rules |\n|  | issued thereund | er and other accou | nting | principles g | enerally acce | pted in Ind | ia, has n | ot disclosed |\n|  | the information | required to be d | isclos | ed in terms | of the Listi | ng Regula | tions, i | ncluding the |\n|  | manner in whic | h it is to be disclo | sed, o | r that it con | tains any mat | erial misst | atement | . |\n| For S R | B C & CO LL | P |  |  |  |  |  |  |\n| Chartere | d Accountants |  |  |  |  |  |  |  |\n| ICAI Fi | rm gistration | number: 32498 | 2E/E3 | 00003 |  |  |  |  |\n| perA | • |  |  |  |  |  |  |  |\n| Partner |  |  |  |  |  |  |  |  |\n| Member | ship No.: 89802 |  |  |  |  |  |  |  |\n| UDIN: 2 | 5089802BMNP | UP8929 |  |  |  |  |  |  |\n| Place: C | hennai |  |  |  |  |  |  |  |\n| Date: Oc | tober 30, 2025 |  |  |  |  |  |  |  |\n|  |  | SR BC & co LLP, a Limit | ed Liability | Partnership with LL | P Identity No. AAB-43 | 18 |  |  |", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "SR BC& COLLP \nChartered Accountants", "subsection": "perA • \nPartner \nMembership No.: 89802", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "44bc405198418223", "content": "[TABLE] Company: ITC | Year: FY2025 | Section: 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based \non the consideration of the review reports of other auditors referred to in paragraph 6 below, nothing \nhas come to our attention that causes us to believe that the accompanying Statement, prepared in \naccordance with recognition and measurement principles laid down in the aforesaid Indian \nAccounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013, as \namended, read with relevant rules issued thereunder and other accounting principles generally \naccepted in India, has not disclosed the information required to be disclosed in terms of the Listing \nRegulations, including the manner in which it is to be disclosed, or that it contains any material \nmisstatement. \n@~, | Page: 18\n\n| Ch | arte | red Accountants |  |  |  |  | 3rd Floor, Bl Kolkata • 70 | ock 'B 0 016 | ' , India |\n|---|---|---|---|---|---|---|---|---|---|\n|  |  |  |  |  |  |  | Tel : +9133 | 613 | 4 4000 |\n|  | In | dependent Au | ditor's | Review R | eport on the | Quarterly | and Year to | Da | te Unaudited |\n|  | Co | nsolidated Fi | nancial | Results of | the Company | Pursuant to | the Regulatio | n 33 | of the SEBI |\n|  | (Li | sting Obligati | ons and | Disclosure | Requirements) | Regulations, | 2015, as amen | ded |  |\n|  | Re | view Report to |  |  |  |  |  |  |  |\n|  | Th | e Board of Dir | ectors |  |  |  |  |  |  |\n|  | IT | C Limited |  |  |  |  |  |  |  |\n|  | 1. | We have revi | ewed th | e accompan | ying Statement o | f Unaudited | Consolidated F | inan | cial Results of |\n|  |  | ITC Limited | (the \"H | olding Co | mpany\") and its | subsidiaries | (the Holding | Co | mpany and its |\n|  |  | subsidiaries to | gether | referred to a | s \"the Group\"), | its associates | and joint ventu | res | for the quarter |\n|  |  | ended Septem | ber 30, | 2025 and | year to date fro | m April 01, 2 | 025 to Septem | ber | 30, 2025 (the |\n|  |  | \"Statement\") | attache | d herewith, | being submitte | d by the Ho | lding Compan | y p | ursuant to the |\n|  |  | requirements | of Regu | lation 33 o | f the SEBI (List | ing Obligatio | ns and Disclos | ure | Requirements) |\n|  |  | Regulations, 2 | 015, as | amended (th | e \"Listing Regul | ations\"). |  |  |  |\n|  | 2. | The Holding | Compa | ny's Manag | ement is respon | sible for the | preparation of | the | Statement in |\n|  |  | accordance w | ith the | recognition | and measureme | nt principles | laid down in I | ndi | an Accounting |\n|  |  | Standard 34, | (Ind AS | 34) \"Inter | im Financial Re | porting\" pres | cribed under S | ecti | on 133 of the |\n|  |  | Companies Ac | t, 2013 | as amended, | read with releva | nt rules issue | d thereunder an | d ot | her accounting |\n|  |  | principles gen | erally | accepted in | India and in co | mpliance wi | th Regulation | 33 | of the Listing |\n|  |  | Regulations. T | he State | ment has be | en approved by t | he Holding C | ompany's Boar | d of | Directors. Our |\n|  |  | responsibility | is to exp | ress a concl | usion on the Stat | ement based | on our review. |  |  |\n|  | 3. | We conducte | d our r | eview of t | he Statement in | accordance | with the Sta | ndar | d on Review |\n|  |  | Engagements | (SRE) 2 | 410, \"Revie | w oflnterim Fina | ncial Informat | ion Performed | by th | e Independent |\n|  |  | Auditor of the | Entity | \" issued by | the Institute of | Chartered Ac | countants of In | dia. | This standard |\n|  |  | requires that | we plan | and perfor | m the review to | obtain mode | rate assurance | as t | o whether the |\n|  |  | Statement is fr | ee of m | aterial miss | tatement. A revi | ew of interim | financial infor | mati | on consists of |\n|  |  | making inquir | ies, pri | marily of p | ersons responsib | le for financ | ial and accoun | ting | matters, and |\n|  |  | applying analy | tical an | d other revi | ew procedures. | A review is s | ubstantially les | s in | scope than an |\n|  |  | audit conducte | d in acc | ordance wit | h Standards on A | uditing and c | onsequently do | es n | ot enable us to |\n|  |  | obtain assuran | ce that | we would be | come aware of a | ll significant | matters that mig | ht b | e identified in |\n|  |  | an audit. Acco | rdingly, | we do not e | xpress an audit o | pinion. |  |  |  |\n|  |  | We also perfor | med pro | cedures in a | ccordance with t | he Master Cir | cular issued by | the | Securities and |\n|  |  | Exchange Bo | ard of I | ndia under | Regulation 33( | 8) of the Li | sting Regulatio | ns, | to the extent |\n|  |  | applicable. |  |  |  |  |  |  |  |\n|  | 4. | The Statement | include | s the results | of the entities as | mentioned in | Annexure 1. |  |  |\n|  | 5. | Based on our r | eview c | onducted and | procedures perf | ormed as state | d in paragraph | 3 ab | ove and based |\n|  |  | on the consider | ation of | the review r | eports of other au | ditors referre | d to in paragrap | h 6 b | elow, nothing |\n|  |  | has come to o | ur attent | ion that cau | ses us to believe | that the acco | mpanying State | men | t, prepared in |\n|  |  | accordance wi | th reco | gnition and | measurement p | rinciples laid | down in the | afo | resaid Indian |\n|  |  | Accounting St | andards | ('Ind AS') | specified under | Section 133 | of the Compan | ies | Act, 2013, as |\n|  |  | amended, read | with r | elevant rules | issued thereun | der and other | accounting pr | inci | ples generally |\n|  |  | accepted in Ind | ia, has | not disclosed | the information | required to be | disclosed in te | rms | of the Listing |\n|  |  | Regulations, in | cluding | the manner | in which it is to | be disclosed | , or that it con | tains | any material |\n|  |  | misstatement. ~, |  |  |  |  |  |  |  |\n|  |  |  |  | SR BC & CO LLP. a L | imited Liability Partnership w | ith LLP Identity No.AAB | ·4318 |  |  |", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based \non the consideration of the review reports of other auditors referred to in paragraph 6 below, nothing \nhas come to our attention that causes us to believe that the accompanying Statement, prepared in \naccordance with recognition and measurement principles laid down in the aforesaid Indian \nAccounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013, as \namended, read with relevant rules issued thereunder and other accounting principles generally \naccepted in India, has not disclosed the information required to be disclosed in terms of the Listing \nRegulations, including the manner in which it is to be disclosed, or that it contains any material \nmisstatement. \n@~,", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "6fab31c59029d2e3", "content": "[TABLE] Company: ITC | Year: FY2025 | Section: SR BC& CO LLP > per Arvind Sethi \nPartner \nMembership No.: 89802 | Page: 19\n\n| BC& CO | LLP |  |  |  |  |  |\n|---|---|---|---|---|---|---|\n| Accountants |  |  |  |  |  |  |\n| Limited |  |  |  |  |  |  |\n| e 2 of 4 |  |  |  |  |  |  |\n| The accompanying | Statement | includes the unaudited | interim | financial resu | lts and other | financial |\n| information, in resp | ect of twe | nty three subsidiaries, | whose | unaudited int | erim financi | al results |\n| include total assets o | f Rs. 4,25 | 2.18 crores as at Septem | ber 30, | 2025, total rev | enues of Rs. | I, 152.00 |\n| crores and Rs. 2,248 | .79 crores, | total net profit after tax | of Rs. | 152.75 crores | and Rs. 286. | 27 crores, |\n| total comprehensive | income o | f Rs. 169.26 crores an | d Rs. 3 | 36.74 crores, | for the quar | ter ended |\n| September 30, 2025 | and the | period ended on that | date res | pectively, and | net cash i | nflows of |\n| Rs. 77.70 crores for | the period | from April 01, 2025 t | o Septe | mber 30, 2025 | , as conside | red in the |\n| Statement which hav | e been rev | iewed by their respectiv | e indep | endent auditor | s. |  |\n| The independent aud | itor's repo | rts on interim financial | results | of these entitie | s have been | furnished |\n| to us by the Manage | ment and o | ur conclusion on the Sta | tement, | in so far as it | relates to the | amounts |\n| and disclosures in re | spect of t | hese subsidiaries is base | d solely | on the report | of such aud | itors and |\n| procedures performe | d by us as | stated in paragraph 3 ab | ove. |  |  |  |\n| Our conclusion on th | e Stateme | nt in respect of matters | stated i | n para 6 above | is not modi | fied with |\n| respect to our relianc | e on the w | ork done and the report | s of the | other auditors. |  |  |\n| rSRB C & COL | LP |  |  |  |  |  |\n| rtered Accountants |  |  |  |  |  |  |\n| I Firm registration | number: | 324982E/E300003 |  |  |  |  |\n| Arvind Sethi |  |  |  |  |  |  |", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "SR BC& CO LLP", "subsection": "per Arvind Sethi \nPartner \nMembership No.: 89802", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "c3c4181388c61f03", "content": "[TABLE] Company: ITC | Year: FY2025 | Section: SR BC& CO LLP > S. No. \nName \n1 \nRussell Credit Limited \n2 \nGreenacre Holdinqs Limited \n3 \nT echnico Agri Sciences Limited \n4 \nPrag Agro Farm Limited \n5 \nPavan Poplar Limited \n6 \nITC lnfotech India Limited \n7 \nITC lnfotech Do Brasil LTDA. * \n8 \nITC lnfotech Limited, UK* \n9 \nITC lnfotech (USA}, Inc.* \n10 \nlndivate Inc.* \n11 \nITC lnfotech GmbH * \n12 \nITC lnfotech France SAS* \n13 \nITC lnfotech Malaysia SDN. BHD. * \n14 \nITC lnfotech de Mexico, S.A. de C.V.* \n15 \nITC lnfotech Arabia Limited* \n16 \nITC lnfotech Italia s.r.l. * \n17 \nBlazeclan Technologies Private Limited, India* \n18 \nCloudlytics Technologies Private Limited, India* \n19 \nBlazeclan Technologies Pty. Limited, Australia* \n20 \nBlazeclan Technologies Limited, New Zealand* \n21 \nBlazeclan Americas Inc., USA* \n22 \nBlazeclan Technologies Pte. Limited, Singapore* \n23 \nBlazeclan Technoloqies SDN. BHD., Malaysia* \n24 \nBlazeclan Technologies Corporation, Philiooines* \n25 \nBlazeclan Europe SRL., Belgium* \n26 \nBlazeclan Technologies LLC, USA* \n27 \nBlazeclan Technologies Inc., Canada* \n28 \nSresta Natural Bioproducts Private Limited \n29 \nFyve Elements LLC, USA* \n30 \nSresta Global FZE, UAE * \n31 \nT echnico Pty Limited \n32 \nTechnico Technologies Inc.* \n33 \nTechnico Asia Holdings Pty Limited* \n34 \nTechnico Horticultural (Kunming} Co. Limited* \n35 \nITC Integrated Business Services Limited \n36 \nMRR Tradinq & Investment Company Limited* \n37 \nGold Flake Corporation Limited \n38 \nSurya Neoal Private Limited \n39 \nSurya Nepal Ventures Pvt. Ltd.* \n40 \nNorth East Nutrients Private Limited \n41 \nWimco Limited \n42 \nITC lndiVision Limited \n43 \nITC Fibre Innovations Limited \n*Represents step-down subsidiaries | Page: 20\n\n| S. No. | Name |\n|---|---|\n| 1 | Russell Credit Limited |\n| 2 | Greenacre Holdinqs Limited |\n| 3 | T echnico Agri Sciences Limited |\n| 4 | Prag Agro Farm Limited |\n| 5 | Pavan Poplar Limited |\n| 6 | ITC lnfotech India Limited |\n| 7 | ITC lnfotech Do Brasil LTDA. * |\n| 8 | ITC lnfotech Limited, UK* |\n| 9 | ITC lnfotech (USA}, Inc.* |\n| 10 | lndivate Inc.* |\n| 11 | ITC lnfotech GmbH * |\n| 12 | ITC lnfotech France SAS* |\n| 13 | ITC lnfotech Malaysia SDN. BHD. * |\n| 14 | ITC lnfotech de Mexico, S.A. de C.V.* |\n| 15 | ITC lnfotech Arabia Limited* |\n| 16 | ITC lnfotech Italia s.r.l. * |\n| 17 | Blazeclan Technologies Private Limited, India* |\n| 18 | Cloudlytics Technologies Private Limited, India* |\n| 19 | Blazeclan Technologies Pty. Limited, Australia* |\n| 20 | Blazeclan Technologies Limited, New Zealand* |\n| 21 | Blazeclan Americas Inc., USA* |\n| 22 | Blazeclan Technologies Pte. Limited, Singapore* |\n| 23 | Blazeclan Technoloqies SDN. BHD., Malaysia* |\n| 24 | Blazeclan Technologies Corporation, Philiooines* |\n| 25 | Blazeclan Europe SRL., Belgium* |\n| 26 | Blazeclan Technologies LLC, USA* |\n| 27 | Blazeclan Technologies Inc., Canada* |\n| 28 | Sresta Natural Bioproducts Private Limited |\n| 29 | Fyve Elements LLC, USA* |\n| 30 | Sresta Global FZE, UAE * |\n| 31 | T echnico Pty Limited |\n| 32 | Technico Technologies Inc.* |\n| 33 | Technico Asia Holdings Pty Limited* |\n| 34 | Technico Horticultural (Kunming} Co. Limited* |\n| 35 | ITC Integrated Business Services Limited |\n| 36 | MRR Tradinq & Investment Company Limited* |\n| 37 | Gold Flake Corporation Limited |\n| 38 | Surya Neoal Private Limited |\n| 39 | Surya Nepal Ventures Pvt. Ltd.* |\n| 40 | North East Nutrients Private Limited |\n| 41 | Wimco Limited |\n| 42 | ITC lndiVision Limited |\n| 43 | ITC Fibre Innovations Limited |", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "SR BC& CO LLP", "subsection": "S. No. \nName \n1 \nRussell Credit Limited \n2 \nGreenacre Holdinqs Limited \n3 \nT echnico Agri Sciences Limited \n4 \nPrag Agro Farm Limited \n5 \nPavan Poplar Limited \n6 \nITC lnfotech India Limited \n7 \nITC lnfotech Do Brasil LTDA. * \n8 \nITC lnfotech Limited, UK* \n9 \nITC lnfotech (USA}, Inc.* \n10 \nlndivate Inc.* \n11 \nITC lnfotech GmbH * \n12 \nITC lnfotech France SAS* \n13 \nITC lnfotech Malaysia SDN. BHD. * \n14 \nITC lnfotech de Mexico, S.A. de C.V.* \n15 \nITC lnfotech Arabia Limited* \n16 \nITC lnfotech Italia s.r.l. * \n17 \nBlazeclan Technologies Private Limited, India* \n18 \nCloudlytics Technologies Private Limited, India* \n19 \nBlazeclan Technologies Pty. Limited, Australia* \n20 \nBlazeclan Technologies Limited, New Zealand* \n21 \nBlazeclan Americas Inc., USA* \n22 \nBlazeclan Technologies Pte. Limited, Singapore* \n23 \nBlazeclan Technoloqies SDN. BHD., Malaysia* \n24 \nBlazeclan Technologies Corporation, Philiooines* \n25 \nBlazeclan Europe SRL., Belgium* \n26 \nBlazeclan Technologies LLC, USA* \n27 \nBlazeclan Technologies Inc., Canada* \n28 \nSresta Natural Bioproducts Private Limited \n29 \nFyve Elements LLC, USA* \n30 \nSresta Global FZE, UAE * \n31 \nT echnico Pty Limited \n32 \nTechnico Technologies Inc.* \n33 \nTechnico Asia Holdings Pty Limited* \n34 \nTechnico Horticultural (Kunming} Co. Limited* \n35 \nITC Integrated Business Services Limited \n36 \nMRR Tradinq & Investment Company Limited* \n37 \nGold Flake Corporation Limited \n38 \nSurya Neoal Private Limited \n39 \nSurya Nepal Ventures Pvt. Ltd.* \n40 \nNorth East Nutrients Private Limited \n41 \nWimco Limited \n42 \nITC lndiVision Limited \n43 \nITC Fibre Innovations Limited \n*Represents step-down subsidiaries", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "a45ae33e2daf08cc", "content": "[TABLE] Company: ITC | Year: FY2025 | Section: ~ \nt8rl \n~f | Page: 21\n\n| S. No. | Name |\n|---|---|\n| 1 | ATC Limited# |\n| 2 | Divva ManaQement Limited# |\n| 3 | Antranq Finance Limited# |\n| 4 | Russell Investments Limited# |\n| 5 | Delectable Technologies Private Limited (till May 12, 2025) |\n| 6 | Mother Sparsh Baby Care Private Limited |\n| 7 | Sproutlife Foods Private Limited |\n| 8 | ITC Hotels Limited |\n| 9 | Ample Foods Private Limited |", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 21, "section": "~ \nt8rl \n~f", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "71e25d560532bd19", "content": "[TABLE] Company: ITC | Year: FY2025 | Section: ~ \nt8rl \n~f | Page: 21\n\n| S. No. | Name |\n|---|---|\n| 1 | Loqix Develooers Private Limited |\n| 2 | ITC Filtrona LimitedA |", "company": "ITC", "ticker": "ITC", "source_file": "ITC.pdf", "fiscal_year": "FY2025", "page_number": 21, "section": "~ \nt8rl \n~f", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "593f88cd1206493d", "content": "BSE Limited Corporate Relationship Department Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001 National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai 400 051 500247, 958687, 974396, 974682, 974924, 975387 KOTAKBANK, KMBL, KMB26, KMB29, KMB30 Sub: Outcome of Board Meeting - Consolidated and Standalone Unaudited Financial Results for the quarter and half-year ended September 30, 2025 Pursuant to Regulations 30, 33, 51 and 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (\"Listing Regulations\"), this is to inform you that the Board of Directors of Kotak Mahindra Bank Limited (\"Bank\") have, at their meeting held today, inter alia, considered, reviewed and approved the Consolidated and Standalone Unaudited Financial Results of the Bank, for the quarter and half-year ended September 30, 2025, as recommended to them by the Audit Committee of the Bank. A copy of the said Financial Results, along with the Limited Review Report  thereon, submitted by the Joint Statutory Auditors of the Bank, is enclosed herewith. The Board Meeting today commenced at 10:00 a.m. (IST) and consideration of the item on approval of Consolidated and Standalone Unaudited Financial Results, as stated above, concluded at 12:15 p.m. (IST). The proceedings of the Board Meeting are in progress at the time of filing of this disclosure.", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1632be7811f27d79"}, {"chunk_id": "4ded08d9fc75de59", "content": "Consolidated and Standalone Unaudited Financial Results, as stated above, concluded at 12:15 p.m. (IST). The proceedings of the Board Meeting are in progress at the time of filing of this disclosure. The above information is also being hosted on the Bank's website https://www.kotak.com/en/investor- relations/governance/sebi-listing-disclosures.html in terms of the Listing Regulations. This is for your information and appropriate dissemination. Yours faithfully, For Kotak Mahindra Bank Limited AVAN KAYOMARS DOOMASIA Digitally signed by AVAN KAYOMARS DOOMASIA Date: 2025.10.25 12:17:38 +05'30' Avan Doomasia Company Secretary Kotak Mahindra Bank Ltd. CIN: L65110MH1985PLC038137 Registered Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, T +91 22 61660001 Bandra (E), Mumbai 400051, www.kotak.com Maharashtra, India. Deloitte Haskins & Sells M M NISSIM & CO LLP Barodawala Mansion B-Wing, 3rd Floor, 81 Dr. Annie Besant Road Worli, Mumbai - 400 018 19th Floor, Shapath-V S.G. Highway Ahmedabad - 380 015 Gujarat, India Tel: +91 79 6682 7300 Fax: +91 79 6682 7400 Independent Auditors' Review Report on unaudited consolidated financial results for the quarter and half year ended 30 September 2025 of Kotak Mahindra Bank Limited pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. To the Board of Directors of Kotak Mahindra Bank Limited 1.", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1632be7811f27d79"}, {"chunk_id": "4c07e250cf4fe2a4", "content": "(Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. To the Board of Directors of Kotak Mahindra Bank Limited 1. We have reviewed the accompanying statement of unaudited consolidated financial results of Kotak Mahindra Bank Limited (the \"Parent\" or the \"Bank\"), its subsidiaries (the Parent and its subsidiaries together referred to as 'the Group') and its share of the net profit after tax of its associates for the quarter and half year ended 30 September 2025 (the \"Statement\"), being submitted by the Bank pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the \"Listing Regulations\"), except for the disclosures relating to consolidated Pillar 3 as at 30 September 2025, including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel III Capital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in Note 8 of the Statement and have not been reviewed by us. We have initialled the Statement for identification purposes only. 2. This Statement, which is the responsibility of the Bank's Management and has been approved by the Bank's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Accounting Standard 25, Interim", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1632be7811f27d79"}, {"chunk_id": "8633c4e412c1955b", "content": "approved by the Bank's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Accounting Standard 25, Interim Financial Reporting (\"AS 25\"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder, in so far as they apply to Banks, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bank of India (\"RBI\") from time to time (the \"RBI Guidelines\") and other accounting principles generally accepted in India, and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 - 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity' issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of Bank's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under Section 143 (10) of the Companies Act, 2013, and consequently does not enable us to obtain", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1632be7811f27d79"}, {"chunk_id": "e361abab2124df08", "content": "audit conducted in accordance with the Standards on Auditing specified under Section 143 (10) of the Companies Act, 2013, and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable. e Statement includes the results/information of the entities referred in Annexure 1. Deloitte Haskins & Sells M M NISSIM & CO LLP 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review/audit reports of other auditors, referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in AS 25, prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder, in so far as they apply to Banks, the RBI Guidelines, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms with the requirements of Regulation 33 of the Listing Regulations, including the", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1632be7811f27d79"}, {"chunk_id": "91e9ce8b60001b30", "content": "accepted in India, has not disclosed the information required to be disclosed in terms with the requirements of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement, except for the disclosures relating to consolidated Pillar 3 disclosure as at 30 September 2025, including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel III Capital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in Note 8 of the Statement and have not been reviewed by us.", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1632be7811f27d79"}, {"chunk_id": "053a956ea8ed9ed1", "content": "6. We did not review the interim financial results of 3 subsidiaries, included in the Statement, whose interim financial results reflects total assets of t 64,638.62 crore (before consolidation adjustments) as at 30 September 2025 and total revenues of t 2,161.10 crore and t 4,363.39 crore (before consolidation adjustments) for the quarter and half year ended 30 September 2025 respectively and total net profit after tax oft 576.73 crore and t 1,229.43 crore (before consolidation adjustments) for the quarter and half year ended 30 September 2025 respectively, and cash inflows(net) of t 682.12 crore (before consolidation adjustments) for the half year ended 30 September 2025. These interim financial results have been reviewed by other auditors whose review reports have been furnished to us by the Parent's Management, and our conclusion on the Statement in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the review reports of such other respective auditors, and the procedures performed by us as stated in paragraph 3 above. The interim financial results of 2 subsidiaries included in the Statement, whose interim financial results reflects total assets of z 1,36,393.35 crore (before consolidation adjustments) as at 30 September 2025 and total revenues of z 6,372.14 crore and z 14,288.05 crore {before consolidation adjustments) for the quarter and half year", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Introduction", "subsection": "14,288.05 crore {before consolidation adjustments) for the quarter and half year \nended 30 September 2025 respectively and total net profit after tax oft 394.58 crore \nand t 1,186.84 crore (before consolidation adjustments) for the quarter and half year \nended 30 September 2025 respectively, and cash inflows (net) of z 150.99 crore \n(before consolidation adjustments) for the half year ended 30 September 2025, has \nbeen audited/reviewed by one of the joint auditors, whose report has been furnished \nto us by the Parent's Management. Accordingly, conclusion of one of the joint auditors, \non the Statement in so far as it relates to the amounts and disclosures included in \nrespect of these subsidiaries, is based solely on the audit/review report of the other \njoint auditor, and the procedures performed by us as stated in paragraph 3 above.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e57487bf423603a6"}, {"chunk_id": "021c99bdc9cecd5d", "content": "adjustments) as at 30 September 2025 and total revenues of z 6,372.14 crore and z 14,288.05 crore {before consolidation adjustments) for the quarter and half year ended 30 September 2025 respectively and total net profit after tax oft 394.58 crore and t 1,186.84 crore (before consolidation adjustments) for the quarter and half year ended 30 September 2025 respectively, and cash inflows (net) of z 150.99 crore (before consolidation adjustments) for the half year ended 30 September 2025, has been audited/reviewed by one of the joint auditors, whose report has been furnished to us by the Parent's Management. Accordingly, conclusion of one of the joint auditors, on the Statement in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the audit/review report of the other joint auditor, and the procedures performed by us as stated in paragraph 3 above. Our conclusion on the Statement is not modified in respect of these matters.", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Introduction", "subsection": "14,288.05 crore {before consolidation adjustments) for the quarter and half year \nended 30 September 2025 respectively and total net profit after tax oft 394.58 crore \nand t 1,186.84 crore (before consolidation adjustments) for the quarter and half year \nended 30 September 2025 respectively, and cash inflows (net) of z 150.99 crore \n(before consolidation adjustments) for the half year ended 30 September 2025, has \nbeen audited/reviewed by one of the joint auditors, whose report has been furnished \nto us by the Parent's Management. Accordingly, conclusion of one of the joint auditors, \non the Statement in so far as it relates to the amounts and disclosures included in \nrespect of these subsidiaries, is based solely on the audit/review report of the other \njoint auditor, and the procedures performed by us as stated in paragraph 3 above.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e57487bf423603a6"}, {"chunk_id": "c4753d24a8b54ea3", "content": "7. The Statement includes the interim financial information of 13 subsidiaries, which have not been reviewed by their respective auditors, and whose interim financial information reflects total assets of z 11,106.35 crore (before consolidation adjustments) as at 30 September 2025 and total revenues of t 744. 75 crore and z 1,451.50 crore (before consolidation adjustments) for the quarter and half year ended 30 September 2025 respectively and total net profit after tax of z 253. 74 crore and z 494.51 crore (before consolidation adjustments) for the quarter and half year ended 30 September 2025 respectively, and cash outflows (net) of z 66.87 crore (before ,,,-:;;;;---'::::::-....consolidation adjustments) for the half year ended 30 September 2025. The", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "7. \nThe Statement includes the interim financial information of 13 subsidiaries, which have \nnot been reviewed by their respective auditors, and whose interim financial \ninformation reflects total assets of z 11,106.35 crore (before consolidation \nadjustments) as at 30 September 2025 and total revenues of t 744. 75 crore and z", "subsection": "1,451.50 crore (before consolidation adjustments) for the quarter and half year ended \n30 September 2025 respectively and total net profit after tax of z 253. 74 crore and z \n494.51 crore (before consolidation adjustments) for the quarter and half year ended \n30 September 2025 respectively, and cash outflows (net) of z 66.87 crore (before \n,,,-:;;;;---'::::::-....consolidation adjustments) for the half year ended 30 September 2025. The", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e1345b2a5867abb2"}, {"chunk_id": "392bead500c15592", "content": "0r,..8 Kt,t,,,s, atement also includes the Group's share of net profit after tax of z 22.32 crore and ~ ~ <I' I- CH • RED (fl 0 ACCOU TANTS IT) 2 1 :: 0 C;, * Deloitte Haskins & Sells M M NISSIM & CO LLP ~ 65.38 crore for the quarter and half year ended 30 September 2025 respectively, as considered in the Statement, in respect of three associates, which have not been reviewed/audited by their respective auditors and whose interim financial information has been furnished to us by the Parent's Management. According to the information and explanations given to us by the Management, this interim financial information of these entities is not material to the Group. Our conclusion on the Statement is not modified in respect of this matter. 8. The following other matter paragraph has been included in the audit report on Special Purpose Financial Information of Kotak Mahindra Life Insurance Company Limited ('K- LIFE'), the subsidiary of the Parent, issued by the joint auditors of K-LIFE vide their report dated 18 October 2025: \"The actuarial valuation of liabilities for life policies in force and for policies in respect of which premium has been discontinued but liability exists as at September 30, 2025 is the responsibility of the Company's Appointed Actuary (the \"Appointed Actuary\"). The actuarial valuation of the liabilities for life policies in force and for policies in", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "0r,..8 Kt,t,,,s, atement also includes the Group's share of net profit after tax of z 22.32 crore and \n~ ~ <I' \nI-\nCH \n• RED \n(fl \n0 ACCOU TANTS IT) \n2 \n1 \n:: \n0 \nC;, \n*", "subsection": "For M M NISSIM & co LLP \nChartered Accountants \n(Firm Registration No. 107122W/W100672)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8806f7ac1e32b67a"}, {"chunk_id": "c9c0f42428d77254", "content": "is the responsibility of the Company's Appointed Actuary (the \"Appointed Actuary\"). The actuarial valuation of the liabilities for life policies in force and for policies in respect of which premium has been discontinued but liability exists as at September 30, 2025 has been duly certified by the Appointed Actuary and in his opinion, the actuarial liabilities have been calculated in accordance with generally accepted actuarial principles, the requirements of the Insurance Act, 1938, Insurance Act (Amendment), 2015, relevant IRDA regulations and the Actuarial Practice Standards and Guidance Notes of the Institute of Actuaries of India. We have relied upon the Appointed Actuary's certificate in this regard during our audit of the valuation of liabilities for life policies in force and for policies in respect of which premium has been discontinued but liability exists as at September 30, 2025, as contained in the Special Purpose Financial Information of the Company. Our opinion is not modified in respect of this matter.\" Our conclusion is not modified in respect of this matter. Deloitte Haskins & Sells M M NISSIM & CO LLP 9. The unaudited consolidated financial results of the Group for the quarter ended 30 June 2025 and the corresponding quarter and half year ended 30 September 2024 were reviewed by KKC & Associates LLP and Deloitte Haskins & Sells whose report", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "0r,..8 Kt,t,,,s, atement also includes the Group's share of net profit after tax of z 22.32 crore and \n~ ~ <I' \nI-\nCH \n• RED \n(fl \n0 ACCOU TANTS IT) \n2 \n1 \n:: \n0 \nC;, \n*", "subsection": "For M M NISSIM & co LLP \nChartered Accountants \n(Firm Registration No. 107122W/W100672)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8806f7ac1e32b67a"}, {"chunk_id": "a0952c8291e57e94", "content": "June 2025 and the corresponding quarter and half year ended 30 September 2024 were reviewed by KKC & Associates LLP and Deloitte Haskins & Sells whose report dated 26 July 2025 and 19 October 2024 respectively, expressed an unmodified conclusion on those unaudited consolidated financial results, and the consolidated financial statements of the Group for the year ended 31 March 2025 were audited by KKC & Associates LLP and Deloitte Haskins & Sells whose report dated 3 May 2025 expressed an unmodified opinion on those audited consolidated financial statements. Accordingly, M M NISSIM & Co LLP does not express any conclusion/opinion on the figures reported in the Statement for the quarter ended 30 June 2025 and the corresponding quarter and half year ended 30 September 2024 and for the year ended 31 March 2025. Our conclusion on the Statement is not modified in respect of this matter. For Deloitte Haskins & Sells Chartered Accountants (Firm Registration No. 117365W) For M M NISSIM & co LLP Chartered Accountants (Firm Registration No. 107122W/W100672) G. K. Subramaniam Partner Membership No. 109839 UDIN: 251.0<\\~ 3912>MO';-Z. XC\\5 S4- Place: Mumbai Date: 25 October 2025 Sanjay Khemani Partner Membership No. 044577 UDIN: 2SOL/48~1-6MOBFZ.12.5b Place: Mumbai Date: 25 October 2025 Deloitte Haskins & Sells List of entities included in the Statement Kotak Mahindra Bank Limited Domestic Subsidiaries Kotak Mahindra Prime Limited Kotak Mahindra Investments Limited Kotak Securities Limited", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "0r,..8 Kt,t,,,s, atement also includes the Group's share of net profit after tax of z 22.32 crore and \n~ ~ <I' \nI-\nCH \n• RED \n(fl \n0 ACCOU TANTS IT) \n2 \n1 \n:: \n0 \nC;, \n*", "subsection": "For M M NISSIM & co LLP \nChartered Accountants \n(Firm Registration No. 107122W/W100672)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8806f7ac1e32b67a"}, {"chunk_id": "8c5c731f60bee7f2", "content": "Deloitte Haskins & Sells List of entities included in the Statement Kotak Mahindra Bank Limited Domestic Subsidiaries Kotak Mahindra Prime Limited Kotak Mahindra Investments Limited Kotak Securities Limited Kotak Mahindra Capital Company Limited Kotak Mahindra Life Insurance Company Limited Kotak Mahindra Asset Management Company Limited Kotak Mahindra Trustee Company Limited Kotak Mahindra Pension Fund Limited Kotak Alternate Asset Managers Limited (Formerly known as Kotak Investment Advisors Limited) Kotak Mahindra Trusteeship Services Limited Kotak Infrastructure Debt Fund Limited IVY Product Intermediaries Limited BSS Microfinance Limited* International Subsidiaries Kotak Mahindra (UK) Limited Kotak Mahindra (International) Limited Kotak Mahindra Inc. Kotak Mahindra Financial Services Limited Kotak Mahindra Asset Management (Singapore) Pte. Limited lnfina Finance Private Limited Phoenix ARC Private Limited Zurich Kotak General Insurance Company (India) Limited (Formerly known as Kotak Mahindra General Insurance Company Limited) *Sonata Finance Private Limited has merged with BSS Microfinance Limited. The scheme of Amalgamation has been made effective on and from 11 October, 2025 with appointed date of 1 April, 2025.", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "0r,..8 Kt,t,,,s, atement also includes the Group's share of net profit after tax of z 22.32 crore and \n~ ~ <I' \nI-\nCH \n• RED \n(fl \n0 ACCOU TANTS IT) \n2 \n1 \n:: \n0 \nC;, \n*", "subsection": "For M M NISSIM & co LLP \nChartered Accountants \n(Firm Registration No. 107122W/W100672)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8806f7ac1e32b67a"}, {"chunk_id": "3aff78790884d205", "content": "KOTAK MAHINDRA BANK LIMITED {CONSOLIDATED) CIN: L6511 0MHl 985PLC038l 37 Registered Office: 27BKC, C 27, G Block, Bandra Kuria Complex, Bandra (E), Mumbai - 400 051 UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2025 f crore Particulars 30-Sep-25 30-June-25 30-Sep-24 30-Sep-25 30-Sep-24 31-Mar-25 Quarter ended Half year ended Year ended Interest earned (a+b+c+d) 17,198.74 17,248.31 16,426.97 34,447.05 32,263.76 65,668.83 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) (a) Interest/discount on advances/bills 12,425.61 12,346.19 11,772.23 24,771.80 23,137.90 47,301.01 (b) Income on investments 4,120.74 4,268.08 4,068.87 8,388.82 7,936.77 15,990.32 (b) Interest on balances with Reserve Bank of India (RBI) & other 469.78 470.90 459.03 940.68 937.98 1,814.12 (d) Others 182.61 163.14 126.84 345.75 251.11 563.38 Other income (a+b+c) 7,702.65 9,455.61 10,453.05 17,158.26 19,692.13 37,407.27 (a) Profit/(Loss) on sale of Investments including revaluation (633.02) 2,384.28 2,244.17 1,751.26 4,626.97 2,231.15 (b) Premium on Insurance Business 4,347.19 2,758.12 3,901.24 7,105.31 6,897.97 18,220.87 (c) Other income (Refer Note 4) 3,988.48 4,313.21 4,307.64 8,301.69 8,167.19 16,955.25 Total income (1+2) 24,901.39 26,703.92 26,880.02 51,605.31 51,955.89 103,076.10 Interest expended 7,332.56 7,527.09 7,138.98 14,859.65 13,944.23 28,270.91 Operating expenses (a+b+c) 10,551.64 11,802.26 12,203.82 22,353.90 23,692.41 45,760.32 (a) Employees Cost 3,079.79 3,110.20 2,959.18 6,189.99 5,768.43 11,963.60 (b) Policy holders' reserves, surrender expense and claims (insurance", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "$\nkotak", "subsection": "Extraordinary items (net of tax expense) \n-\n-\n-\n-\n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "00a121b2b7397ddf"}, {"chunk_id": "d5517539a5ea4bd7", "content": "Operating expenses (a+b+c) 10,551.64 11,802.26 12,203.82 22,353.90 23,692.41 45,760.32 (a) Employees Cost 3,079.79 3,110.20 2,959.18 6,189.99 5,768.43 11,963.60 (b) Policy holders' reserves, surrender expense and claims (insurance 3,832.14 5,159.94 5,941.96 8,992.08 11,401.08 20,021 .36 (c) Other operating expenses 3,639.71 3,532.12 3,302.68 7,171.83 6,522.90 13,775.36 business) (Refer Note 5) Total expenditure {4+5) 17,884.20 19,329.35 19,342.80 37,213.55 37,636.64 74,031.23 (excluding provisions and contingencies) Operating profit {3-6) (Profit before provisions and 7,017.19 7,374.57 7,537.22 14,391.76 14,319.25 29,044.87 contingencies) Provisions (other than tax) and 1,054.42 1,321.17 890.36 2,375.59 1,664.80 3,859.24 contingencies (Refer Note 6) Exceptional items (Refer Note 7) - - - - 3,803.40 3,803.40 Profit from ordinary activities before tax 5,962.77 6,053.40 (7-8+9) 6,646.86 12,016.17 16,457.85 28,989.03 Tax expense 1,516.83 1,624.27 1,649.08 3,141 .10 4,060.68 7,043.29 Net P_rofit from ordinary activities after 4,445.94 4,429.13 4,997.78 8,875.07 12,397.17 21,945.74 tax before Minority Interest {10-11) Extraordinary items (net of tax expense) - - - - - Net Profit after tax before Minority 4,445.94 4,429.13 Interest {12 -13) 4,997.78 8,875.07 12,397.17 21,945.74 Less: Share of Minority Interest - - - - Add: Share in Profit/(Loss) of associates 22.33 43.05 46.27 65.38 95.04 180.25 Profit after tax (14-15+16) 4,468.27 4,472.18 5,044.05 8,940.45 12,492.21 22,125.99 Paid Up Equity Capital (Face value of 994.30 994.16 f 5 per share)", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "$\nkotak", "subsection": "Extraordinary items (net of tax expense) \n-\n-\n-\n-\n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "00a121b2b7397ddf"}, {"chunk_id": "2481bf5cdc89e22f", "content": "- - Add: Share in Profit/(Loss) of associates 22.33 43.05 46.27 65.38 95.04 180.25 Profit after tax (14-15+16) 4,468.27 4,472.18 5,044.05 8,940.45 12,492.21 22,125.99 Paid Up Equity Capital (Face value of 994.30 994.16 f 5 per share) 994.06 994.30 994.06 994.1 1 Group Reserves (excluding Minority 156,400.97 Interest and Revaluation reserves)", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "$\nkotak", "subsection": "Extraordinary items (net of tax expense) \n-\n-\n-\n-\n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "00a121b2b7397ddf"}, {"chunk_id": "ee6eccd8a31bc3ea", "content": ":!; 101122W • II I I- c::mRED (f) 1] • w10os12 f/) 0 ACC ANTS /TJ Cl MUMBAI ~ i ;;- ~ ~'!' ,,,'?ri. l!S 0 0 \"IIEDAc{fl_ * -- Sr Quarter ended Half vear ended Year ended Particulars 30-Sep-25 30-June-25 30-Sep-24 30-Sep-25 30-Sep-24 31 -Mar-25 No (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 21 Earnings per equity share before and after extraordinary items(net of tax expense) - Basic (not annualised) ~ 22.47 22.49 25.37 44.96 62.84 111 .29 - Diluted (not annualised) ~ 22.47 22.49 25.37 44.96 62.84 111.29 Consolidated Segment Reporting The reportable consolidated segments of the Bank are as under: Segment Principal activity Corporate/ Wholesale Wholesale borrowings and lending and other related services to the corporate sector, which are Banking not included under retail banking Retail Banking Comprises of: Digital Banking Business involving digital banking products acquired by Digital Banking Unit including existing digital banking products as identified by the Management in accordance with the instructions of the RBI vide its circular dated 7th April, 2022 Other Retail Banking Includes retail lending, deposit taking and other retail services/ products other than above Treasury, BMU and Money market, forex market, derivatives, investments and primary dealership of government Corporate Centre securities, Balance Sheet Management Unit (BMU) responsible for Asset Liability Management and Corporate Centre, which primarily comprises of support functions Vehicle Financing", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": ":!; 101122W \n• II \nI I-\nc::mRED \n(f) 1] \n• w10os12 \nf/) \n0 ACC \nANTS /TJ \nCl \nMUMBAI ~ \ni \n;;-\n~ \n~'!' \n,,,'?ri. \nl!S \n0 \n0 \n\"IIEDAc{fl_ \n* \n--", "subsection": "Extraordinary items (net of tax expense) \n-\n-\n-\n-\n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c92f7944268f51e1"}, {"chunk_id": "db38a9f9dbb34b6b", "content": "Corporate Centre securities, Balance Sheet Management Unit (BMU) responsible for Asset Liability Management and Corporate Centre, which primarily comprises of support functions Vehicle Financing Retail vehicle finance and wholesale trade finance to auto dealers from its Subsidiary Company Other Lending Activities Securitisation and other loans/ services from its Subsidiary Companies Broking Brokerage income on market transactions done on behalf of clients, interest on delayed payments, distribution of financial products from its Subsidiary Company Advisory and Providing financial advisory and transactional services such as mergers and acquisition advice, Transactional Services equity/ debt issue management services and Business Correspondent services from its Subsidiary Companies. Asset Management Management of funds and investments on behalf of clients and investment distribution from (Cherry) its Subsidiary Companies Insurance Life Insurance and General Insurance (till 17,h June, 2024) business of its Subsidiaries Sr Quarter ended Half vear ended Year ended Particulars 30-Sep-25 30-Jun-25 30-Sep-24 30-Sep-25 30-Sep-24 31-Mar-25 No (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Segment Revenues: Treasury, BMU and 3,132.57 3,708.24 3,317.48 6,840.81 6,479.33 s12,840.08 Corporate Centre Retail Banking• 8,343.93 8,650.55 8,278.12 16,994.48 16,223.76 33,829.72 (i) Digital Banking 563.25 545.41 520.48 1,108.66 1,024.45 2,171.33 (ii) other Retail Banking 7,780.68 8,105.14 7,757.64 15,885.82", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": ":!; 101122W \n• II \nI I-\nc::mRED \n(f) 1] \n• w10os12 \nf/) \n0 ACC \nANTS /TJ \nCl \nMUMBAI ~ \ni \n;;-\n~ \n~'!' \n,,,'?ri. \nl!S \n0 \n0 \n\"IIEDAc{fl_ \n* \n--", "subsection": "Extraordinary items (net of tax expense) \n-\n-\n-\n-\n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c92f7944268f51e1"}, {"chunk_id": "ff2750d0ab154179", "content": "6,479.33 s12,840.08 Corporate Centre Retail Banking• 8,343.93 8,650.55 8,278.12 16,994.48 16,223.76 33,829.72 (i) Digital Banking 563.25 545.41 520.48 1,108.66 1,024.45 2,171.33 (ii) other Retail Banking 7,780.68 8,105.14 7,757.64 15,885.82 15,199.31 31,658.39 Corporate / Wholesale Bankina 6,699.89 6,267.06 6,231.81 12,966.95 12,017.87 24,786.28 Vehicle Financing 1,084.97 1,085.45 1,024.69 2,170.42 1,993.32 4,100.64 Other Lending Activities 570.24 536.43 594.61 1,106.67 1,128.00 2,227.57 Broking 1,127.75 1,090.59 1,159.70 2,218.34 2,231 .19 4,369.02 Advisory and Transactional Services 230.17 224.27 479.99 454.44 905.00 1,682.06 Asset Management 823.95 866.49 670.54 1,690.44 1,254.63 2,893.67 Insurance 5,072.74 6,469.74 7,356.07 11,542.48 13,906.63 25,268.44 Sub-total 27,086.21 28,898.82 29,113.01 55,985.03 56,139.73 111,997.48 Less: inter-segment 2,184.82 2,194.90 revenues 2,232.99 4,379.72 4,183.84 8,921.38", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": ":!; 101122W \n• II \nI I-\nc::mRED \n(f) 1] \n• w10os12 \nf/) \n0 ACC \nANTS /TJ \nCl \nMUMBAI ~ \ni \n;;-\n~ \n~'!' \n,,,'?ri. \nl!S \n0 \n0 \n\"IIEDAc{fl_ \n* \n--", "subsection": "Extraordinary items (net of tax expense) \n-\n-\n-\n-\n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c92f7944268f51e1"}, {"chunk_id": "9e75c9927747bffc", "content": "Particulars 30-Sep-25 30-Jun-25 30-Sep-24 30-Sep-25 30-Sep-24 31-Mar-25 No /Unaudited) (Unaudited) (Unaudited) (Unaudited) /Unaudited) (Audited) Sr Quarter ended Half year ended Year ended Treasury, BMU and 1,144.90 1,323.18 1,406.16 2,468.08 6,705.97 9,109.53 Corporate Centre# Retail Banking* 1,437.76 1,080.20 1,397.16 2,517.96 2,835.46 5,858.18 (i) Digital Banking 10.75 1.71 86.63 12.46 144.57 284.45 (ii) other Retail Banking 1,427.01 1,078.49 1,310.53 2,505.50 2,690.89 5,573.73 Corporate / Wholesale 1,984.54 1,878.07 1,965.54 3,862.61 3,609.48 7,890.16 Bankina Vehicle Financing 198.35 207.69 174.62 406.04 344.64 699.04 Other Lending Activities 179.61 169.24 226.38 348.85 404.27 737.75 Broking 353.35 345.73 451.82 699.08 857.06 1,524.47 Advisory and Transactional 17.01 23.66 Services 144.70 40.67 255.60 294.98 Asset Management 515.02 577.55 374.74 1,092.57 690.74 1,721.47 Insurance 132.23 448.08 505.74 580.31 754.63 1,153.45 associates 3 Segment Assets: Profit before tax, mmonty interest and share of 5,962.77 6,053.40 6,646.86 12,016.17 16,457.85 28,989.03 Treasury, BMU and 211,488.44 211,450.43 Corporate Centre 187,031.18 211,488.44 187,031.18 228,006.78 Retail Banking* 459,311 .00 452,760.73 414,960.37 459,311.00 414,960.37 443,829.55 (i) Digital Banking 123.77 51.59 32.69 123.77 32.69 52.99 (ii) Other Retail Banking 459,187.23 452,709.14 414,927.68 459,187.23 414,927.68 443,776.56 Corporate/ Wholesale 298,530.28 277,461.84 257,744.98 298,530.28 257,744.98 274,494.22 Banking Vehicle Financing 32,836.97 29,799.21 28,380.93 32,836.97 28,380.93 29,848.75 Other Lending Activities 23,137.07 27,180.90 24,406.09 23,137.07 24,406.09 24,726.19 Broking 28,794.62 27,225.89 25,427.21 28,794.62 25,427.21 20,970.01 Advisory and Transactional 1,257.44 1,270.79", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "S\nkotak", "subsection": "Total Capital and Liabilities \n912,952.41 \n888,188.98 \n804,981.23 \n912,952.41 \n804,981.23 \n879,774.34 \nas per Balance Sheet \n. .. \nSegment results are net of segment revenues and segment expenses including 1nterd1v1s1onal items.·", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2239767848b99ab1"}, {"chunk_id": "fd0d0eaaea007db3", "content": "28,380.93 32,836.97 28,380.93 29,848.75 Other Lending Activities 23,137.07 27,180.90 24,406.09 23,137.07 24,406.09 24,726.19 Broking 28,794.62 27,225.89 25,427.21 28,794.62 25,427.21 20,970.01 Advisory and Transactional 1,257.44 1,270.79 Services 1,658.70 1,257.44 1,658.70 1,301 .64 Asset Management 9,154.78 8,599.76 6,777.85 9,154.78 6,777.85 8,253.15 Insurance 99,207.95 97,514.35 89,715.45 99,207.95 89,715.45 94,811.03 Sub-total 1,163,718.55 1,133,263.90 1,036,102.76 1,163,718.55 1,036,102.76 1,126,241.32 Less: inter-segment assets 252,215.20 246,498.80 232,549.20 252,215.20 232,549.20 247,876.32 Total 911,503.35 886,765.10 803,553.56 911,503.35 803,553.56 878,365.00 Add: Unallocated Assets 1,449.06 1,423.88 1,427.67 1,449.06 1,427.67 1,409.34 Total Assets as per Balance 912,952.41 888,188.98 804,981.23 912,952.41 804,981.23 879,774.34 Sheet 4 Segment Liabilities: Treasury, BMU and 160,058.50 160,275.61 Corporate Centre 141,700.64 160,058.50 141,700.64 185,732.26 (i) Digital Banking 21,652.40 19,904.26 17,025.58 21,652.40 17,025.58 19,063.17 Retail Banking* 409,322.11 404,213.28 370,125.07 409,322.11 370,125.07 395,970.73 (ii) Other Retail Banking 387,669.71 384,309.02 353,099.49 387,669.71 353,099.49 376,907.56 Corporate / Wholesale 266,952.09 247,877.75 Banking 233,548.70 266,952.09 233,548.70 244,021 .51 Vehicle Financing 19,034.81 18,774.01 16,837.60 19,034.81 16,837.60 18,016.04 Other Lending Activities 21,044.22 20,592.57 19,180.21 21,044.22 19,180.21 19,157.39 Broking 25,503.57 23,942.71 22,523.80 25,503.57 22,523.80 16,943.98 No Particulars 30-Sep-25 30-Jun-25 30-Sep-24 • 30-Sep-25 30-Sep-24 31-Mar-25 Sr Quarter ended Half vear ended Year ended Advisory and Transactional 262.19 220.18 402.39 262.19", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "S\nkotak", "subsection": "Total Capital and Liabilities \n912,952.41 \n888,188.98 \n804,981.23 \n912,952.41 \n804,981.23 \n879,774.34 \nas per Balance Sheet \n. .. \nSegment results are net of segment revenues and segment expenses including 1nterd1v1s1onal items.·", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2239767848b99ab1"}, {"chunk_id": "93238156a1c7a0b4", "content": "19,157.39 Broking 25,503.57 23,942.71 22,523.80 25,503.57 22,523.80 16,943.98 No Particulars 30-Sep-25 30-Jun-25 30-Sep-24 • 30-Sep-25 30-Sep-24 31-Mar-25 Sr Quarter ended Half vear ended Year ended Advisory and Transactional 262.19 220.18 402.39 262.19 402.39 252.40 Services Asset Management 783.41 658.79 945.07 783.41 945.07 716.44 {Unaudited) {Unaudited) (Unaudited) (Unaudited) {Unaudited\\ (Audited) Insurance 91,493.45 89,894.64 82,514.27 91,493.45 82,514.27 87,317.44 Less: inter-segment 252,215.20 246,498.80 liabilities 232,549.20 252,215.20 232,549.20 247,876.32 Sub-total 994,454.35 966,449.54 887,777.75 994,454.35 887,777.75 968,128.19 Total 742,239.15 719,950.74 655,228.55 742,239.15 655,228.55 720,251.87 Add: Unallocated liabilities 2,778.02 3,335.46 2,538.63 2,778.02 2,538.63 2,127.38 Add: Share Capital, Reserves 167,935.24 164,902.78 & Surplus & Minority Interest' 147,214.05 167,935.24 147,214.05 157,395.09 Total Capital and Liabilities 912,952.41 888,188.98 804,981.23 912,952.41 804,981.23 879,774.34 as per Balance Sheet . .. Segment results are net of segment revenues and segment expenses including 1nterd1v1s1onal items.· (•) RBl's Master Direction on Financial Statements - Presentation and Disclosures, requires to divide the 'Retail banking' into (i) Digital Banking (as defined in RBI circular on Establishment of Digital Banking Units dated 71h April, 2022) and (ii) Other Retail Banking segment. (S) Excluding exceptional item in Note 7 (#) Including exceptional item in Note 7 (') Including items in Note 7 & Note 9 Summarised Consolidated Balance Sheet of the Bank is given below: As at 30-Sep-25 {Unaudited) As at As at 30-Sep-24", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "S\nkotak", "subsection": "Total Capital and Liabilities \n912,952.41 \n888,188.98 \n804,981.23 \n912,952.41 \n804,981.23 \n879,774.34 \nas per Balance Sheet \n. .. \nSegment results are net of segment revenues and segment expenses including 1nterd1v1s1onal items.·", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2239767848b99ab1"}, {"chunk_id": "1e320fa9a6a6c276", "content": "(#) Including exceptional item in Note 7 (') Including items in Note 7 & Note 9 Summarised Consolidated Balance Sheet of the Bank is given below: As at 30-Sep-25 {Unaudited) As at As at 30-Sep-24 31-Mar-25 CAPITAL AND LIABILITIES {Unaudited) (Audited) Capital Employees' Stock Options (Grants) Outstanding Reserves and Surplus Deposits Borrowings Policyholder's Funds Other Liabilities and Provisions TOTAL ASSETS Cash and balances with Reserve Bank of India Balances with Banks and Money at Call and Short Notice Investments Advances Fixed Assets Other Assets Goodwill on consolidation 994.30 l 00.18 166,940.94 524,499.69 82,700.03 89,849.11 47,868.16 912,952.41 994.06 994. l l 104.25 94.27 146,219.99 156,400.97 457,591.04 494,707.48 77,070.95 97,622.03 80,722.14 85,121 .06 42,278.80 44,834.42 804,981.23 879,774.34 36,629.90 27,291 .04 284,843.25 529,416.28 2,838.34 30,985.84 947.76 27,012.25 41,748.35 19,088.59 37,313.40 273,267.57 284,255.00 458,464.74 486,165.52 2,658.13 2,810.80 23,542.19 26,533.51 947.76 947.76 804,981.23 879,774.34", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "S\nkotak", "subsection": "Total Capital and Liabilities \n912,952.41 \n888,188.98 \n804,981.23 \n912,952.41 \n804,981.23 \n879,774.34 \nas per Balance Sheet \n. .. \nSegment results are net of segment revenues and segment expenses including 1nterd1v1s1onal items.·", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2239767848b99ab1"}, {"chunk_id": "64142e966899ae19", "content": "Consolidated Cash Flow Statement: ~ crore Half Year ended Year ended Particulars 30-Sep-25 30-Sep-24 31-Mar-25 (Unaudited) (Unaudited) (Audited) CASH FLOW FROM OPERATING ACTIVITIES Add: Provision for tax 3,141.10 4,060.68 7,043.29 Net Profit after tax and before share in profit/(loss) of Associates 8,875.07 12,397.17 21,945.74 Net Profit before taxes 12,016.17 16,457.85 28,989.03 Employee Stock Options Expense 22.47 27.04 36,69 Depreciation on Group's Property 503.15 454.25 940.91 Provision for Diminution/ (Write back) in the value of Investments (40.62) (9.57) 93.65 (Profit) / Loss on revaluation of investments (net) (395.39) (2,446.53) 192.78 Profit on sale of investment in subsidiary - (3,803.40) (3,803.40) (Profit)/ Loss on sale of Investments (net) (2,133.97) (3,375.13) (4,730.27) Provision for Non-Performing Assets, Standard Assets and Other 2,416.21 1,674.37 3,765.59 Provisions Profit on sale of Fixed Assets (1.05) (40.38) (45.80) Amortisation of Premium on Investments 21 .70 (533.94) 15.17 12,408.67 8,404.56 25,454.35 (Increase)/ Decrease in investments - Available for Sale, Held for 9,777.84 2,396.84 (685.57) Trading and Stock-in-Trade Increase in Advances (45,401.02) (29,668.35) (59,396.48) Increase in Other Assets (4,442.73) (2,060.08) (5,150.94) Increase in Deposits 29,792.21 12,322.28 49,438.72 Increase in Policyholders' Funds 4,728.05 7,346.55 11 ,745.46 Increase/ (Decrease) in Other Liabilities and Provisions 2,128.52 (1,059.14) 1,848.90 Subtotal (3,417.13) (10,721.90) (2,199.91) Direct Taxes Paid (2,872.41) (1,300.49) (6,338.71) NET CASH FLOW FROM/ (USED IN) OPERATING ACTIVITIES (A) 6,119.13", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "~\nkotak", "subsection": "September, 2024, z (40.63) crore for half ended 30th September, 2025, z (9.33) crore for half year ended 301h September, 2024 \nand z 46.90 crore for the year ended 31st March, 2025.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ecc0874ddf2b3ada"}, {"chunk_id": "bbc703e0f54ab4af", "content": "2,128.52 (1,059.14) 1,848.90 Subtotal (3,417.13) (10,721.90) (2,199.91) Direct Taxes Paid (2,872.41) (1,300.49) (6,338.71) NET CASH FLOW FROM/ (USED IN) OPERATING ACTIVITIES (A) 6,119.13 (3,617.83) 16,915.73 CASH FLOW FROM INVESTING ACTIVITIES Purchase of Fixed Assets (517.69) (632.91) (1,212.85) Sale of Fixed assets 12.74 52.90 64.76 Increase in Other Investments (including investment in HTM (5,526.35) (20,566.79) (28,1 97.08) securities) Proceeds from sale of investment in subsidiary (net) - 4,073.08 4,073.08 NET CASH FLOW FROM/ (USED IN) INVESTING ACTIVITIES (B) (6,031.30) (17,073.72) (25,272.09) CASH FLOW FROM FINANCING ACTIVITIES Dividend paid (497.10) (397.62) (397.62) Money received on issue of Equity Shares/ exercise of stock 66.05 27.59 46.40 options Increase/ (Decrease) in borrowings (14,922.00) 1,965.35 22,516.42 NET CASH FLOW FROM/ (USED IN) FINANCING ACTIVITIES (C) (15,353.05) 1,595.32 22,165.20 Increase in Foreign Currency Translation Reserve (D) 124.41 13.92 69.76 NET INCREASE/ (DECREASE) IN CASH AND CASH EQUIVALENTS (15,140.81) (19,082.31) 13,878.60 (A+ B + C + D) t crore Half Year ended Year ended Particulars 30-Sep-25 30-Sep-24 31-Mar-25 (Unaudited) (Unaudited) (Audited) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR 79,061.75 65,206.39 65,206.39 Reduction due to deconsolidation of subsidiary during the year - (23.24) (23.24) CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD/ 63,920.94 YEAR 46,100.84 79,061.75 1. The consolidated financial results are prepared in accordance with Accounting Standard - 21 (AS-21) \"Consolidated Financial-", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "~\nkotak", "subsection": "September, 2024, z (40.63) crore for half ended 30th September, 2025, z (9.33) crore for half year ended 301h September, 2024 \nand z 46.90 crore for the year ended 31st March, 2025.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ecc0874ddf2b3ada"}, {"chunk_id": "6ddb43b4f126db65", "content": "63,920.94 YEAR 46,100.84 79,061.75 1. The consolidated financial results are prepared in accordance with Accounting Standard - 21 (AS-21) \"Consolidated Financial- Statements\" and Accounting Standard - 23 (AS-23) \"Accounting for investment in associates in Consolidated Financial Statements\" specified under section 133 and relevant provisions of Companies Act, 2013. 2. These consolidated financial results have been prepared in accordance with the recognition and measurement principles laid down in Accounting Standards notified under Section 133 and the relevant provisions of the Companies Act, 2013 read with the Companies (Accounting Standards) Rules, 2021 in so far as they apply to the Group and the guidelines issued by the Reserve Bank of India (\"RBI\"), Insurance Regulatory and Development Authority of India (\"IRDAI\") from time to time as applicable and the generally accepted accounting principles prevailing in India. The financial results of Indian subsidiaries and associates (excluding insurance companies) are prepared as per Indian Accounting Standards in accordance with the Companies (Indian Accounting Standards) Rules, 2015. The financial results of subsidiaries located outside India are prepared in accordance with accounting principles generally accepted in their respective countries. However, for the purpose of", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "~\nkotak", "subsection": "September, 2024, z (40.63) crore for half ended 30th September, 2025, z (9.33) crore for half year ended 301h September, 2024 \nand z 46.90 crore for the year ended 31st March, 2025.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ecc0874ddf2b3ada"}, {"chunk_id": "ec42b01a7e780956", "content": "The financial results of subsidiaries located outside India are prepared in accordance with accounting principles generally accepted in their respective countries. However, for the purpose of preparation of the consolidated financial results, the results of subsidiaries and associates are prepared in accordance with Generally Accepted Accounting Principles in India (\"GAAP\") specified under Section 133 and relevant provision of Companies Act, 2013 read with Companies (Accounting Standard) Rules, 2021 and the guidelines issued by the RBI to the extent 3. The above consolidated financial results were approved at the meeting of the Board of Directors held on 25th October, 2025. The results for the quarter and half year ended 30th September, 2025 were subjected to limited review by the joint statutory auditors (M M NISSIM & CO LLP, Chartered Accountants and Deloitte Haskins & Sells, Chartered Accountants) of the Bank who have issued an unmodified review report thereon. The previous period results were reviewed/audited by other joint statutory auditors (KKC & Associates LLP, Chartered Accountants and Deloitte Haskins & Sells, Chartered Accountants). 4. Other income includes non-fund based income such as commission earned from guarantees / letters of credit, financial advisory fees, selling of third party products, general banking fees, earnings from foreign exchange transactions, profit/ (loss)", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "~\nkotak", "subsection": "September, 2024, z (40.63) crore for half ended 30th September, 2025, z (9.33) crore for half year ended 301h September, 2024 \nand z 46.90 crore for the year ended 31st March, 2025.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ecc0874ddf2b3ada"}, {"chunk_id": "6661a4d34b3279a6", "content": "advisory fees, selling of third party products, general banking fees, earnings from foreign exchange transactions, profit/ (loss) from sale and revaluation (other than insurance business) of eligible category of investments. 5. The \"Policy holders' reserves, surrender expenses and claims\" under \"Operating Expenses\" in the above Financial Information includes the change in the valuation of liabilities for life policies in force, lapsed policies that are likely to be revived in future and for policies in respect of which premium has been discontinued but liability exists, of z 1,688.40 crore for the quarter ended 30th September, 2025, z 3,434.28 crore for the quarter ended 30111 June, 2025, z 3,603.01 crore for the quarter ended 30111 September, 2024, z 5,122.68 crore for the half year ended 30th September, 2025, z 6,902.47 crore for the half year ended 30Ih September, 2024 and z 11,439.06 crore for the year ended 31 st March, 2025. 6. Provisions and contingencies are net of recoveries made against loan accounts which have been written off as bad. \"Provisions and contingencies\" includes provision/(reversal) on applicable Alternate Investments Funds (\"AIF\") Investments pursuant to RBI circulars dated 19th December, 2023, 27th March, 2024 and 29111 July, 2025 of z (49.04) crore for the quarter ended 30th September, 2025, z 8.41 crore for the quarter ended 30111 June, 2025, z (9.33) crore for the quarter ended 30th", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "~\nkotak", "subsection": "September, 2024, z (40.63) crore for half ended 30th September, 2025, z (9.33) crore for half year ended 301h September, 2024 \nand z 46.90 crore for the year ended 31st March, 2025.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ecc0874ddf2b3ada"}, {"chunk_id": "2c1e6b2c4891d239", "content": "7. On 18th June 2024, the Bank had completed the divestment of 70% stake (through a combination of fresh growth capital and share sale) in its subsidiary Kotak Mahindra General Insurance Company Limited (\"KGI\") to Zurich Insurance Company Limited (\"Zurich\"). The Bank sold 553,181,595 equity shares of KGI for a consideration of~ 4,095.82 crore resulting in net gain from such sale of~ 3,803.40 crore (pre-tax) considering the carrying value of investment in consolidated financials. Profit on sale of shares of KGI has been disclosed as an exceptional item in the results for the half year ended 30th September, 2024 and for the year ended 31 st March, 2025. Consequent to this sale, KGI ceased to be a subsidiary of the Bank and became an Associate with effect from 181h June, 2024. The Bank continues to hold the remaining 30% of the share capital of Zurich Kotak General Insurance Company India Limited (ZKGI) (formerly known as Kotak Mahindra General Insurance Company Limited) as at 301h 8. In accordance with the RBI guidelines, Banks are required to make consolidated Pillar 3 disclosures including leverage ratio, liquidity coverage ratio and Net Stable Funding Ratio (\"NSFR\") under the Basel Ill Framework. These disclosures would be made available on the Bank's website at the following link: https://www.kotak.com/en/investor-relations/financial- results/ regulatory-disclosure.html on publication of results.", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "~\nkotak", "subsection": "September, 2024, z (40.63) crore for half ended 30th September, 2025, z (9.33) crore for half year ended 301h September, 2024 \nand z 46.90 crore for the year ended 31st March, 2025.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "71ba5b9e7d2ff9b3"}, {"chunk_id": "1c86f4b471c89b9a", "content": "These disclosures would be made available on the Bank's website at the following link: https://www.kotak.com/en/investor-relations/financial- results/ regulatory-disclosure.html on publication of results. These disclosures have not been subjected to audit or limited review. 9. During the quarter ended 31 st March, 2025 for purpose of Consolidation, the Group entities (other than the insurance entities which continue to follow the IRDAI guidelines applicable to them), had aligned with the Master Direction - Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2023 dated 12111 September, 2023 which was applicable to Banks from 1st April, 2024. Subsequent changes in fair value of performing investments under Available for Sale (\"AFS\") and Fair Value Through Profit and Loss (\"FVTPL\") (including Held For Trading (\"HFT\")) categories have been recognised through AFS reserve and Profit and Loss Account respectively. Accordingly, the amounts for prior periods are not comp1:1rable. 1 0. The National Company Law Tribunal (NCL T) has approved the Scheme of Amalgamation (\"Scheme\") of Sonata Finance Private Limited (\"Sonata\") with BSS Microfinance Limited (\"BSS\"), both, wholly-owned subsidiaries of the Bank, on a going concern basis, under the provisions of Sections 230 to 232 of the Companies Act, 2013 and the rules made thereunder. The scheme", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "~\nkotak", "subsection": "September, 2024, z (40.63) crore for half ended 30th September, 2025, z (9.33) crore for half year ended 301h September, 2024 \nand z 46.90 crore for the year ended 31st March, 2025.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "71ba5b9e7d2ff9b3"}, {"chunk_id": "932672aa7f2b202b", "content": "basis, under the provisions of Sections 230 to 232 of the Companies Act, 2013 and the rules made thereunder. The scheme has been made effective on and from 11th October, 2025 with appointed date of 1st April, 2025. Consequently, Sonata has merged with BSS with effect from 1 llh October, 2025. The resultant merger has no impact on the consolidated financial statements of the Bank, as both the entities were wholly-owned subsidiaries of the Bank. 11. There has been no change in the significant accounting policies during the quarter and half year ended 30th September, 2025 as compared to those followed for the year ended 31 st March, 2025. 12. Figures for the previous periods / year have been regrouped / reclassified wherever necessary to conform to current period's By order of the Board of Directors For Kotak Mahindra Bank Limited Mumbai, 25th October, 2025 Ashok Vaswani Managing Director and Chief Executive Officer Deloitte Haskins & Sells 19th Floor, Shapath-V S.G. Highway Ahmedabad - 380 015 Gujarat, India Tel: +91 79 6682 7300 Fax: +91 79 6682 7400 M M NISSIM & CO LLP Barodawala Mansion B-Wing, 3rd Floor, 81 Dr. Annie Besant Road Worli, Mumbai - 400 018 Independent Auditors' Review Report on unaudited standalone financial results for the quarter and half year ended 30 September 2025 of Kotak Mahindra Bank Limited pursuant to Regulation 33 and Regulation 52 read with Regulation 63(2)", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "~\nkotak", "subsection": "September, 2024, z (40.63) crore for half ended 30th September, 2025, z (9.33) crore for half year ended 301h September, 2024 \nand z 46.90 crore for the year ended 31st March, 2025.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "71ba5b9e7d2ff9b3"}, {"chunk_id": "8b9b8aef3ea60bb5", "content": "for the quarter and half year ended 30 September 2025 of Kotak Mahindra Bank Limited pursuant to Regulation 33 and Regulation 52 read with Regulation 63(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. To the Board of Directors of Kotak Mahindra Bank Limited 1. We have reviewed the accompanying Statement of unaudited standalone financial results of Kotak Mahindra Bank Limited (the \"Bank\") for the quarter and half year ended 30 September, 2025 (the \"Statement\"), being submitted by the Bank pursuant to the requirement of Regulation 33 and Regulation 52 read with Regulation 63(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the \"Listing Regulations\") except for the disclosures relating to consolidated Pillar 3 as at 30 September 2025, including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel III Capital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in Note 7 of the Statement and have not been reviewed by us. We have initialled the Statement for identification purposes only. 2. This Statement, which is the responsibility of the Bank's Management and approved by the Board of Directors, has been prepared in accordance with the recognition and", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "~\nkotak", "subsection": "September, 2024, z (40.63) crore for half ended 30th September, 2025, z (9.33) crore for half year ended 301h September, 2024 \nand z 46.90 crore for the year ended 31st March, 2025.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "71ba5b9e7d2ff9b3"}, {"chunk_id": "6914709f604fd0f0", "content": "2. This Statement, which is the responsibility of the Bank's Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Accounting Standard 25 \"Interim Financial Reporting\" (\"AS 25\"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder, in so far as they apply to Banks, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bank of India (RBI) from time to time. (the \"RBI Guidelines\") and other accounting principles generally accepted in India, and in compliance with Regulation 33 and Regulation 52 read with Regulation 63(2) of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of bank's personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "~\nkotak", "subsection": "September, 2024, z (40.63) crore for half ended 30th September, 2025, z (9.33) crore for half year ended 301h September, 2024 \nand z 46.90 crore for the year ended 31st March, 2025.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "71ba5b9e7d2ff9b3"}, {"chunk_id": "baa19007f4338e6c", "content": "A review is limited primarily to inquiries of bank's personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. 4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in AS 25 prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder, in so far as they apply to Banks, the RBI Guidelines and other", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "~\nkotak", "subsection": "September, 2024, z (40.63) crore for half ended 30th September, 2025, z (9.33) crore for half year ended 301h September, 2024 \nand z 46.90 crore for the year ended 31st March, 2025.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "71ba5b9e7d2ff9b3"}, {"chunk_id": "62b7c92ef24cfd0f", "content": "I.; ~ c:/' !::: CH ERED CJ) 0 ACCO TANIS /\"TJ ~ ;::- Q 0 * Deloitte Haskins & Sells M M NISSIM & CO LLP Regulation 63(2) of the Listing Regulations, including the manner in which it is to be disclosed or that it contains any material misstatement or that it has not been prepared in accordance with the relevant prudential norms issued by the Reserve Bank of India ('RBI') in respect of Income recognition, asset classification, provisioning and other related matters, except for the disclosures relating to consolidated Pillar 3 as at 30 September 2025, including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel III Capital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in Note 7 to the Statement and have not been reviewed by us. 5. The unaudited standalone financial results of the Bank for the quarter ended 30 June 2025 and the corresponding quarter and half year ended 30 September 2024 were reviewed by KKC & Associates LLP and Deloitte Haskins & Sells whose report dated 26 July 2025 and 19 October 2024 respectively, expressed an unmodified conclusion on those unaudited standalone financial results and the standalone financial statements of the Bank for the year ended 31 March 2025 were audited by KKC & Associates LLP and Deloitte Haskins & Sells whose report dated 3 May 2025 expressed an unmodified", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "I.; \n~ \nc:/' \n!::: \nCH \nERED \nCJ) \n0 ACCO \nTANIS /\"TJ \n~ \n;::-\nQ \n0 \n*", "subsection": "Paid up equity share capital - (of Face \n994.30 \n994.16 \n994.06 \n994.30 \n994.06 \nValue f 5 per share) \nReserves (excluding revaluation \nreserves) \nAnalvtical Ratios \n(i) \nPercentage of shares held by \nGovernment of India \n-\n-\n-\n-\n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d3a65868bc801c51"}, {"chunk_id": "c6d08db20f69c1f3", "content": "of the Bank for the year ended 31 March 2025 were audited by KKC & Associates LLP and Deloitte Haskins & Sells whose report dated 3 May 2025 expressed an unmodified opinion on those audited standalone financial statements. Accordingly, M M NISSIM & CO LLP does not express any conclusion/opinion on the figures reported in the Statement for the quarter ended 30 June 2025 and the corresponding quarter and half year ended 30 September 2024 and for the year ended 31 March 2025. Our Conclusion on the statement is not modified in respect of this matter. For Deloitte Haskins & Sells Chartered Accountants (Firm Registration No. 117365W) For M M NISSIM & CO LLP Chartered Accountants (Firm Registration No. 107122W/W100672) G.K.S Partner Membership No. 109839 UDIN:151.DC\\S :'>9~MO\\= Z W 54-40 Place: Mumbai Date: 25 October 2025 Sanjay Khemani Partner Membership No. 044577 UDIN: 2.50445':J-=f-0/Yl o8F-/8-=1-2-0 Place: Mumbai Date: 25 October 2025 KOTAK MAHINDRA BANK LIMITED (STANDALONE) GIN: L65110MH1985PLC038137 Registered Office: 27 BKC, C 27, G Block, Sandra Kurla Complex, Sandra (East), Mumbai - 400 051 UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2025 Quarter ended Half vear ended Particulars 30-Sep-25 30-Jun-25 30-Sep-24 30-Sep-25 30-Sep-24 (Unaudited) (Unaudited) (Unaudited\\ I Unaudited\\ /Unaudited\\ Interest earned (a+b+c+dl 13,649.41 13,836.54 13,216.27 27,485.95 25,962.38 (a) lnteresUdiscount on advances/ bills 10,605.13 10,614.51 10,132.72 21 ,219.64 19,911.99 (bl Income on investments", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "I.; \n~ \nc:/' \n!::: \nCH \nERED \nCJ) \n0 ACCO \nTANIS /\"TJ \n~ \n;::-\nQ \n0 \n*", "subsection": "Paid up equity share capital - (of Face \n994.30 \n994.16 \n994.06 \n994.30 \n994.06 \nValue f 5 per share) \nReserves (excluding revaluation \nreserves) \nAnalvtical Ratios \n(i) \nPercentage of shares held by \nGovernment of India \n-\n-\n-\n-\n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d3a65868bc801c51"}, {"chunk_id": "312af82b8e49ebbc", "content": "(Unaudited) (Unaudited\\ I Unaudited\\ /Unaudited\\ Interest earned (a+b+c+dl 13,649.41 13,836.54 13,216.27 27,485.95 25,962.38 (a) lnteresUdiscount on advances/ bills 10,605.13 10,614.51 10,132.72 21 ,219.64 19,911.99 (bl Income on investments 2,661 .37 2,869.27 2,771.91 5,530.64 5,364.09 (c) Interest on balances with Reserve 31-Mar-25 (Audited) 52,919.73 40,746.17 10,828.90 Bank of India (RBI) & other interbank 235.19 219.02 224.47 454.21 496.27 funds (dl Others 147.72 133.74 87.17 281.46 190.03 Other income (Refer Note 2) 2,589.18 3,079.98 2,684.19 5,669.16 5,613.23 Total income (1 +2) 16,238.59 16,916.52 15,900.46 33,155.11 31 ,575.61 Interest expended 6,338.67 6,577.25 6,196.66 12,915.92 12,100.42 Operating expenses (a+b) 4,631.65 4,775.58 4,604.55 9,407.23 9,121.83 /a\\ Emolovee cost 1,979.53 2,065.52 1,951.39 4,045.05 3,821.89 /b\\ Other ooeratina exoenses 2,652.12 2,710.06 2,653.16 5,362.18 5,299.94 Total expenditure (4+5) 10,970.32 11,352.83 10,801.21 22,323.15 21,222.25 (excluding provisions & continQenciesl Operating profit (3-6) 5,268.27 5,563.69 5,099.25 10,831 .96 10,353.36 (Profit before provisions and continaencies) 450.13 11,418.49 64,338.22 24,577.95 18,753.70 Provisions (other than tax) and 947.42 1,207.76 660.39 2,155.18 1,238.87 contingencies (Refer Note 4) Exceotional items (Refer Note 5\\ - - - - 3,519.90 Profit from ordinary activities before tax 4,320.85 4,355.93 4,438.86 8,676.78 12,634.39 (7-8+9) Tax expense 1,067.52 1,074.25 1,095.14 2,141.77 3,040.85 Net Profit from ordinary activities after 3,253.33 3,281.68 3,343.72 6,535.01 9,593.54 tax(10-11)", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "I.; \n~ \nc:/' \n!::: \nCH \nERED \nCJ) \n0 ACCO \nTANIS /\"TJ \n~ \n;::-\nQ \n0 \n*", "subsection": "Paid up equity share capital - (of Face \n994.30 \n994.16 \n994.06 \n994.30 \n994.06 \nValue f 5 per share) \nReserves (excluding revaluation \nreserves) \nAnalvtical Ratios \n(i) \nPercentage of shares held by \nGovernment of India \n-\n-\n-\n-\n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d3a65868bc801c51"}, {"chunk_id": "9d05515d7b30f026", "content": "4,320.85 4,355.93 4,438.86 8,676.78 12,634.39 (7-8+9) Tax expense 1,067.52 1,074.25 1,095.14 2,141.77 3,040.85 Net Profit from ordinary activities after 3,253.33 3,281.68 3,343.72 6,535.01 9,593.54 tax(10-11) Extraordinary items (net of tax exoense\\ - - - - - Net Profit (12-13) 3,253.33 3,281.68 3,343.72 6,535.01 9,593.54 Paid up equity share capital - (of Face 994.30 994.16 994.06 994.30 994.06 Value f 5 per share) Reserves (excluding revaluation reserves) Analvtical Ratios (i) Percentage of shares held by Government of India - - - - - (ii) Caoital adeauacv ratio - Basel Ill/%\\ 22.05 23.00 22.61 22.05 22.61 (iii) Earnings per equity share before and after extraordinary items (net of tax expense) - Basic (not annualised) f 16.36 16.51 16.82 32.87 48.26 - Diluted (not annualised) f 16.36 16.50 16.82 32.86 48.26 (iv) NPA Ratios a) Gross NPA 6,479.58 6,637.70 6,033.17 6,479.58 6,033.17 b\\ Net NPA 1,490.98 1,530.93 1,723.83 1,490.98 1,723.83 c) % of Gross NPA to Gross 1.39 1.48 1.49 1.39 1.49 Advances d\\ % of Net NPA to Net Advances 0.32 0.34 0.43 0.32 0.43 (v) Return on average Assets (%) 0.47 0.48 0.55 0.96 1.59 - (not annualised) (vi) Debt-Eauitv ratio /Refer Note 6.a\\ 0.19 0.17 0.24 0.19 0.24 (vii) Total Debts to Total Assets(%) 3.38 3.07 4.25 3.38 4.25 (Refer Note 6.a) /viii\\ Net worth (Refer Note 6.a\\ 124,796.64 123,168.20 110,393.10 124,796.64 110,393.10 (ix) Outstanding redeemable - - - - oreference shares /auantitv and value\\ /xl Caoital redemotion reserve 500.00 500.00 500.00 500.00 500.00", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "I.; \n~ \nc:/' \n!::: \nCH \nERED \nCJ) \n0 ACCO \nTANIS /\"TJ \n~ \n;::-\nQ \n0 \n*", "subsection": "Paid up equity share capital - (of Face \n994.30 \n994.16 \n994.06 \n994.30 \n994.06 \nValue f 5 per share) \nReserves (excluding revaluation \nreserves) \nAnalvtical Ratios \n(i) \nPercentage of shares held by \nGovernment of India \n-\n-\n-\n-\n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d3a65868bc801c51"}, {"chunk_id": "4cebdc1a8134dd50", "content": "/viii\\ Net worth (Refer Note 6.a\\ 124,796.64 123,168.20 110,393.10 124,796.64 110,393.10 (ix) Outstanding redeemable - - - - oreference shares /auantitv and value\\ /xl Caoital redemotion reserve 500.00 500.00 500.00 500.00 500.00 The reportable segments of the Bank as per RBI guidelines are as under: Seament Princioal activitv Corporate/Wholesale Banking Wholesale borrowings and lending and other related services to the corporate sector which are not included under retail bankina. Retail Bankino Comprises of: Digital Banking Business involving digital banking products acquired by Digital Banking Unit including existing digital banking products as identified bv the Manaoement in accordance with the instructions of the RBI vide its circular dated ?'h April, 2022. Other Retail Bankino Includes retail lendino, deposit takino and other retail services/ products other than above. Treasury, BMU and Corporate Money market, forex market, derivatives, investments and primary dealership of government securities, Balance Sheet Management Unit (BMU) responsible for Asset Liability Management and Corporate Centre which primarily comprises Centre of sunnort functions. Other Bankinq business Includes anv other business not included in the above. Quarter ended Half vear ended \" crore Year ended 31-Mar-25 (Audited) Particulars 30-Sep-25 30-Jun-25 30-Sep-24 30-Sep-25 30-Sep-24 (Unaudited\\ (Unaudited\\ (Unaudited) (Unaudited\\ /Unaudited\\ a. Corporate/ Wholesale Banking 6,699.89 6,267.06 6,231.81 12,966.95 12,017.87 24,786.28 33,829.72 2,171.33 b.", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "I.; \n~ \nc:/' \n!::: \nCH \nERED \nCJ) \n0 ACCO \nTANIS /\"TJ \n~ \n;::-\nQ \n0 \n*", "subsection": "Paid up equity share capital - (of Face \n994.30 \n994.16 \n994.06 \n994.30 \n994.06 \nValue f 5 per share) \nReserves (excluding revaluation \nreserves) \nAnalvtical Ratios \n(i) \nPercentage of shares held by \nGovernment of India \n-\n-\n-\n-\n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d3a65868bc801c51"}, {"chunk_id": "745318c2349c4d9a", "content": "(Audited) Particulars 30-Sep-25 30-Jun-25 30-Sep-24 30-Sep-25 30-Sep-24 (Unaudited\\ (Unaudited\\ (Unaudited) (Unaudited\\ /Unaudited\\ a. Corporate/ Wholesale Banking 6,699.89 6,267.06 6,231.81 12,966.95 12,017.87 24,786.28 33,829.72 2,171.33 b. Retail Banking* 8,343.93 8,650.55 8,278.12 16,994.48 16,223.76 (i) Digital Banking 563.25 545.41 520.48 1,108.66 1,024.45", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "I.; \n~ \nc:/' \n!::: \nCH \nERED \nCJ) \n0 ACCO \nTANIS /\"TJ \n~ \n;::-\nQ \n0 \n*", "subsection": "Paid up equity share capital - (of Face \n994.30 \n994.16 \n994.06 \n994.30 \n994.06 \nValue f 5 per share) \nReserves (excluding revaluation \nreserves) \nAnalvtical Ratios \n(i) \nPercentage of shares held by \nGovernment of India \n-\n-\n-\n-\n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d3a65868bc801c51"}, {"chunk_id": "dfdd6fd023126dde", "content": "C. Treasury, BMU and Corporate Centre 2,832.67 3,721.93 2,936.02 6,554.60 6,142.16 (ii) Other Retail Banking 7,780.68 8,105.14 7,757.64 15,885.82 15,199.31 31 ,658.39 s11 ,703.39 d. Other Banking business - - - - - Sub-total 17,876.49 18,639.54 17,445.95 36,516.03 34,383.79 Less: Inter-segmental revenue 1,637.90 1,723.02 1,545.49 3,360.92 2,808.18 Total 16,238.59 16,916.52 15,900.46 33,155.11 31 ,575.61 a. Corporate/ Wholesale Banking 1,984.54 1,878.07 1,965.53 3,862.61 3,609.47 b. Retail Banking* 1,437.76 1,080.20 1,397.16 2,517.96 2,835.46 (i) Digital Banking 10.75 1. 71 86.63 12.46 144.57 (ii) Other Retail Banking 1,427.01 1,078.49 1,310.53 2,505.50 2,690.89 284.45 5,573.73 7,835.77 - 21 ,584.11 d. Other Banking business - - - - - C. Treasury, BMU and Corporate Centre# 898.55 1,397.66 1,076.17 2,296.21 6,189.46 Total Profit Before Tax 4,320.85 4,355.93 4,438.86 8,676.78 12,634.39 3 Seqment Assets a. Corporate I Wholesale Banking 298,530.28 277,461.84 257,744.98 298,530.28 257,744.98 274,494.22 443,829.55 52.99 443,776.56 217,430.77 - 935,754.54 242,130.36 693,624.18 b. Retail Bankino* 459,311.00 452,760.73 414,960.37 459,311 .00 414,960.37 (i) Digital Banking 123.77 51.59 32.69 123.77 32.69 c. Treasury, BMU and Corporate Centre 195,572.05 199,726.94 177,882.76 195,572.05 177,882.76 (ii) Other Retail Banking 459,187.23 452,709.14 414,927.68 459,187.23 414,927.68 d. Other Banking business - - - - - Sub-total 953,413.33 929,949.51 850,588.11 953,413.33 850,588.11 Less : Inter-segmental Assets 246,446.42 240,940.80 227,379.70 246,446.42 227,379.70 Total 706,966.91 689,008.71 623,208.41 706,966.91 623,208.41", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "I.; \n~ \nc:/' \n!::: \nCH \nERED \nCJ) \n0 ACCO \nTANIS /\"TJ \n~ \n;::-\nQ \n0 \n*", "subsection": "9,176.37 \n(5,281.13) \n-\n12,805.53", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5f12ccb707a2709c"}, {"chunk_id": "54f3730c7d96d3b0", "content": "Other Banking business - - - - - Sub-total 953,413.33 929,949.51 850,588.11 953,413.33 850,588.11 Less : Inter-segmental Assets 246,446.42 240,940.80 227,379.70 246,446.42 227,379.70 Total 706,966.91 689,008.71 623,208.41 706,966.91 623,208.41 Add : Unallocated Assets - - - - - 4 Segment Liabilities a. Corporate / Wholesale Banking 266,952.09 247,877.75 233,548.70 266,952.09 233,548.70 Total Assets as per Balance Sheet 706,966.91 689,008.71 623,208.41 706,966.91 623,208.41 b. Retail Banking* 409,322.11 404,213.28 370,125.07 409,322.11 370,125.07 244,021.51 395,970.73 19,063.17 376,907.56 (ii) Other Retail Banking 387,669.71 384,309.02 353,099.49 387,669.71 353,099.49 (i) Digital Banking 21,652.40 19,904.26 17,025.58 21,652.40 17,025.58 c. Treasurv, BMU and Corporate Centre 150,851.52 152,769.93 135,027.87 150,851 .52 135,027.87 d. Other Banking business - - - - - 177,867.83 - 817,860.07 242,130.36 575,729.71 Less : Inter-segmental Liabilities 246,446.42 240,940.80 227,379.70 246,446.42 227,379.70 Sub-total 827,125.72 804,860.96 738,701.64 827,125.72 738,701 .64 Add : Unallocated liabilities 1,130.20 1,660.35 1,240.90 1,130.20 1,240.90 Total 580,679.30 563,920.16 511,321.94 580,679.30 511 ,321 .94 Add : Share Capital & Reserves & surplusA 125,157.41 123,428.20 110,645.57· 125,157.41 110,645.57 Total Capital and Liabilities as per 706,966.91 689,008.71 623,208.41 706,966.91 623,208.41 Balance Sheet Segment results are net of segment revenues and segment expenses including interdivisional items. on Financial Statements - Presentation and Disclosures, requires to divide the 'Retail banking' into (a", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "I.; \n~ \nc:/' \n!::: \nCH \nERED \nCJ) \n0 ACCO \nTANIS /\"TJ \n~ \n;::-\nQ \n0 \n*", "subsection": "9,176.37 \n(5,281.13) \n-\n12,805.53", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5f12ccb707a2709c"}, {"chunk_id": "6b7689d25c4b7a53", "content": "Segment results are net of segment revenues and segment expenses including interdivisional items. on Financial Statements - Presentation and Disclosures, requires to divide the 'Retail banking' into (a lar on Establishment of Digital Banking Units dated April 7, 2022) and (b) Other Retail Banking segme s Excluding exceptional item in Note 5 n Including exceptional item in Note 5 A Including items in Note 5 Summarised Standalone Balance Sheet of the Bank is given below: (Unaudited) (Unaudited) (Audited) 30-Sep-25 30-Sep-24 31-Mar-25 CAPITAL AND LIABILITIES 994.30 994.06 994.11 Employees' Stock Options (Grants) Outstanding 100.18 104.25 94.27 124,163.11 109,651.51 116,151 .51 528,776.02 461,454.20 499,055.13 23,911.11 26,512.49 48,442.76 29,022.19 24,491 .90 28,886.40 Other Liabilities and Provisions 706,966.91 623,208.41 693,624.18 Cash and balances with Reserve Bank of India 36,610.14 26,976.49 41,699.19 Balances with Banks and Money at Call and Short Notice 13,181.60 5,611.15 24,079.96 462,687.61 399,521.64 426,909.20 172,994.24 175,531.95 181,907.45 19,061 .41 13,329.09 16,669.52 2,431.91 2,238.09 2,358.86 706,966.91 623,208.41 693,624.18 STANDALONE CASH FLOW STATEMENT Half year ended Year ended (Unaudited) (Unaudited) (Audited) 30-Sep-25 30-Sep-24 31-Mar-25 CASH FLOW (USED IN)/ FROM OPERATING ACTIVITIES Add: Provision for tax 6,535.01 9,593.54 16,450.08 2,141.77 3,040.85 5,134.03 Net Profit before taxes 8,676.78 12,634.39 21,584.11 Employee Stock Options Expense Depreciation on Bank's Property 401 .02 353.99 728.69 . (3,519.90) (3,519.90) Profit on sale of investments in Subsidiaries", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "I.; \n~ \nc:/' \n!::: \nCH \nERED \nCJ) \n0 ACCO \nTANIS /\"TJ \n~ \n;::-\nQ \n0 \n*", "subsection": "9,176.37 \n(5,281.13) \n-\n12,805.53", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5f12ccb707a2709c"}, {"chunk_id": "aa4a2a03f43a3392", "content": "2,141.77 3,040.85 5,134.03 Net Profit before taxes 8,676.78 12,634.39 21,584.11 Employee Stock Options Expense Depreciation on Bank's Property 401 .02 353.99 728.69 . (3,519.90) (3,519.90) Profit on sale of investments in Subsidiaries Provision for (write back) / diminution in the value of Investments (40.62) (9.50) 93.65 Amortization of (discount)/ premium on investment Dividend from Subsidiaries/Joint Ventures (448.53) (380.00) (380.00) 193.81 (419.85) 261.89 (Profit)/Loss on revaluation of Investments (net) Provision for Non-Performing Assets, Standard Assets and Other Provisions (Profit) on sale of Fixed Assets 300.18 (486.14) (525.20) 2,195.80 1,248.37 2,848.71 11,288.82 9,392.78 21,070.91 (0.73) (39.13) (41.92) Adjustments for :- Decrease/ (Increase) in Investments (other than Subsidiaries, Joint ·ventures and Other HTM Investments) 10,843.95 2,490.89 1,375.95 (Increase) in Advances Decrease in Other Assets (37,732.34) (24,631.75) (53,410.24) (2,41 9.12) 141.01 (3,261.67) 29,720.88 12,500.46 50,101.39 (429.52) (2,998.34) 1,611.54 (Decrease)/lncrease in Other Liabilities and Provisions (16.15) (12,497.73) (3,583.03) (2,096.30) (2,176.18) (4,682.35) 9,176.37 (5,281.13) - 12,805.53 NET C.~~ ~ ... ..!USED IN)/FROM OPERATING ACTIVITIES", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "I.; \n~ \nc:/' \n!::: \nCH \nERED \nCJ) \n0 ACCO \nTANIS /\"TJ \n~ \n;::-\nQ \n0 \n*", "subsection": "9,176.37 \n(5,281.13) \n-\n12,805.53", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5f12ccb707a2709c"}, {"chunk_id": "56a398fefd50fa3e", "content": "~ I::!: t I) * \"' (1 ~ ~ ~ .... '?Ii. ~ IIEor..c{,0 Half year ended Year ended Particulars 30-Sep-25 30-Sep-24 31-Mar-25 (Unaudited) (Unaudited) (Audited) CASH FLOW (USED IN)/ FROM INVESTING ACTIVITIES Purchase of Fixed Assets (450.60) (500.28) (937.93) Sale of Fixed Assets 4.49 50.28 57.50 Proceeds from sale of Investment in Subsidiaries (net) . 4,073.08 4,073.08 Dividend from Subsidiaries/Joint Ventures 448.53 380.00 380.00 (Increase)/ Decrease in Investments in HTM securities (236.12) (16,700.38) (23, 128.85) NET CASH FLOW (USED IN)/ FROM INVESTING ACTIVITIES (B) (233.70) (12,697.30) (19,556.20) CASH FLOW (USED IN) / FROM FINANCING ACTIVITIES Increase / (Decrease) in Borrowings (other than Refinance and Sub- (23,919.68) 828.28 29,583.01 ordinated debt) Money received on exercise of Stock Options/Issue of Equity Shares !?6.05 27.59 46.40 (Decrease)/ Increase in Refinance (611.96) (2,683.88) (9,508.35) Dividend paid (497.10) (397.62) (397.62) NET CASH FLOW (USED IN)/ FROM FINANCING ACTIVITIES (C) (24,962.69) (2,225.63) 19,723.44 Increase in Foreign Currency Translation Reserve (D) 32.61 3.30 17.98 NET (DECREASE)/ INCREASE IN CASH AND CASH EQUIVALENTS (15,987.41) (20,200.76) 12,990.75 (A+ B + C + D) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE 65,779.15 52,788.40 52,788.40 PERIOD/YEAR CASH AND CASH EQUIVALENTS AT THE END OF THE 49,791 .74 32,587.64 65,779.15 PERIOD/YEAR 1. The above standalone financial results have been approved at the meeting of the Board of Directors held on 25th October, 2025. The results", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "~ \nI::!: \nt \nI) \n* \n\"' \n(1 \n~ \n~ \n~ \n.... \n'?Ii. \n~ \nIIEor..c{,0", "subsection": "Recovery Rating\" \nAnticipated Recovery as per \nCarrying Value* (f crore) \nRecoverv Ralina \nNR1/R1+/RR1+ \n>150% \nNR2/R1/RR1 \n100% - 150% \nNR3/R2/RR2 \n75% - 100% \nNR4/R3/RR3 \n50%- 75% \nNR5/R4/RR4 \n25%-50% \nNR6/R5/RR5 \n0%-25% \nYet to be rated** \n-\nUnrated \n-\nTotal", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "61c263d078f6cf05"}, {"chunk_id": "0b85274560b9c2f5", "content": "49,791 .74 32,587.64 65,779.15 PERIOD/YEAR 1. The above standalone financial results have been approved at the meeting of the Board of Directors held on 25th October, 2025. The results for the quarter and half year ended 30th September, 2025 were subjected to limited review by the joint statutory auditors (M M NISSIM & CO LLP, Chartered Accountants and Deloitte Haskins & Sells, Chartered Accountants) who have issued unmodified review report thereon. The previous period results were reviewed/audited by other joint statutory auditors (KKC & Associates LLP, Chartered Accountants and Deloitte Haskins & Sells, Chartered Accountants). 2. Other Income includes non-fund based income such as commission earned from guarantees / letters of credit, selling of third party products, general banking fees, earnings from foreign exchange transactions, profit / (loss) from sale (including revaluation) of eligible category of investments, and income earned by way of dividend, etc. from Subsidiaries/Associates. 3. During the quarter, the Bank has allotted 2,72, 197 equity shares during the quarter pursuant to the exercise of options. 4. Provisions and contingencies are net of recoveries made against loan accounts which have been written off as bad. \"Provisions and contingencies\" includes provision/(reversal) on applicable Alternate Investments Funds (\"AIF\") Investments pursuant to RBI circulars dated 19th December, 2023, 27", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "~ \nI::!: \nt \nI) \n* \n\"' \n(1 \n~ \n~ \n~ \n.... \n'?Ii. \n~ \nIIEor..c{,0", "subsection": "Recovery Rating\" \nAnticipated Recovery as per \nCarrying Value* (f crore) \nRecoverv Ralina \nNR1/R1+/RR1+ \n>150% \nNR2/R1/RR1 \n100% - 150% \nNR3/R2/RR2 \n75% - 100% \nNR4/R3/RR3 \n50%- 75% \nNR5/R4/RR4 \n25%-50% \nNR6/R5/RR5 \n0%-25% \nYet to be rated** \n-\nUnrated \n-\nTotal", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "61c263d078f6cf05"}, {"chunk_id": "85f13a38dae2c135", "content": "contingencies\" includes provision/(reversal) on applicable Alternate Investments Funds (\"AIF\") Investments pursuant to RBI circulars dated 19th December, 2023, 27 111 March, 2024 and 29th July, 2025 oft (49.04) crore for the quarter ended 30th September, 2025, t 8.41 crore for the quarter ended 30th June, 2025, t (9.33) crore for the quarter ended 301h September, 2024, t(40.63) crore for half year ended 30th September, 2025, t (9.33) crore for the half-year ended 30th September, 2024 and t 46.90 crore for the year ended 31st March, 2025. 5. On 18th June, 2024, the Bank had completed the divestment of 70% stake (through a combination of fresh growth capital and share sale) in its subsidiary Kotak Mahindra General Insurance Company Limited (\"KGI\") to Zurich Insurance Company Limited (\"Zurich\"). The Bank sold 553,181,595 equity shares of KGI for a consideration of t 4,095.82 crore, resulting in net gain from such sale oft 3,519.90 crore (pre-tax) which has been disclosed as an exceptional item in the results for the half year ended 30th September 2024 and for the year ended 3pt March, 2025. Consequent to this sale, KGI ceases to be a subsidiary of the Bank and became an Associate with effect from 18th June, 2024. The Bank continues to hold the remaining 30% of the share capital of Zurich Kotak General Insurance Company (India) Limited (formerly known as Kotak Mahindra General Insurance Company Limited) as at 30", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "~ \nI::!: \nt \nI) \n* \n\"' \n(1 \n~ \n~ \n~ \n.... \n'?Ii. \n~ \nIIEor..c{,0", "subsection": "Recovery Rating\" \nAnticipated Recovery as per \nCarrying Value* (f crore) \nRecoverv Ralina \nNR1/R1+/RR1+ \n>150% \nNR2/R1/RR1 \n100% - 150% \nNR3/R2/RR2 \n75% - 100% \nNR4/R3/RR3 \n50%- 75% \nNR5/R4/RR4 \n25%-50% \nNR6/R5/RR5 \n0%-25% \nYet to be rated** \n-\nUnrated \n-\nTotal", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "61c263d078f6cf05"}, {"chunk_id": "672ef083ee4491e3", "content": "The Bank continues to hold the remaining 30% of the share capital of Zurich Kotak General Insurance Company (India) Limited (formerly known as Kotak Mahindra General Insurance Company Limited) as at 30 111 September, 2025. 6. Information as required pursuant to Regulation 52(4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: a. Methodology for computation of the ratios is as follows: Debt-E uit Ratio Re resents the ratio of Borrowin s/Sum of Ca ital and Reserves and Sur lus Total Debts to Total Assets % Re resents Borrowin s/Total Assets Calculated as er the Master Circular• Ex osure Norms issued b the RBI. b. Basis nature of the Bank's business, the ratio's considered to be not applicable are Current Ratio, Long term debt to working capital, Bad debts to Account receivable ratio, Current liability ratio, Debtors turnover ratio, Inventory turnover ratio, Debt Service coverage ratio, Interest Service coverage ratio, Operating margin % and Net profit margin %. 7. In accordance with the RBI guidelines, Banks are required to make consolidated Pillar 3 disclosures including leverage ratio, liquidity coverage ratio and Net Stable Funding Ratio (NSFR) under the Basel Ill Framework. These disclosures would be made available on the Bank's website at the following link: https://www.kotak.com/en/investor-relations/financial-results/requlatory-disclosure. html on publication of results.", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "~ \nI::!: \nt \nI) \n* \n\"' \n(1 \n~ \n~ \n~ \n.... \n'?Ii. \n~ \nIIEor..c{,0", "subsection": "Recovery Rating\" \nAnticipated Recovery as per \nCarrying Value* (f crore) \nRecoverv Ralina \nNR1/R1+/RR1+ \n>150% \nNR2/R1/RR1 \n100% - 150% \nNR3/R2/RR2 \n75% - 100% \nNR4/R3/RR3 \n50%- 75% \nNR5/R4/RR4 \n25%-50% \nNR6/R5/RR5 \n0%-25% \nYet to be rated** \n-\nUnrated \n-\nTotal", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "61c263d078f6cf05"}, {"chunk_id": "b998e13eccab0481", "content": "These disclosures would be made available on the Bank's website at the following link: https://www.kotak.com/en/investor-relations/financial-results/requlatory-disclosure. html on publication of results. These disclosures have not been subjected to audit or limited review. 8. Details of loans transferred /acquired during the half year ended 30th September, 2025 under the RBI Master Direction on Transfer of Loan Exposures dated 24th September 2021 are as given below: A. Details of Loans not in default a. Transferred to Eligible Lenders: f crore exceot tenor Sr. No Particulars 30th September, 2025 Loan transferred throuah Assianment / Novation / Loan Particioation Assianment Novation 2 Annreaate consideration received 30.00 N.A. 1 Annregate amount of loans transferred 30.00 72.62 4 Weiahted averaqe holdina oeriod of oriainator (years) 0.54 0.85 3 Weiahted averaae residual maturitv /vears) 0.83 9.08 5 Retention of beneficial economic interest 90% 89% 6 Coverage of tanaible securitv coveraae 100% 100% 7 Ralina-wise distribution of rated loans: BBB+ve N.A. 59% IND 888-ve 100% N.A. IVR 888-ve N.A. 41% b. The Bank has not acquired any Loans not in default. B. Details of Stressed Loans: a. The Bank has not transferred I acquired any Special Mention Account (SMA). b. Non-performing Assets (NPAs) i. The Bank has not transferred any Non-performing Assets (NPAs). ii. Details of Non-performing Assets (NPAs) acquired from eligible lenders through Assignment:", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "~ \nI::!: \nt \nI) \n* \n\"' \n(1 \n~ \n~ \n~ \n.... \n'?Ii. \n~ \nIIEor..c{,0", "subsection": "Recovery Rating\" \nAnticipated Recovery as per \nCarrying Value* (f crore) \nRecoverv Ralina \nNR1/R1+/RR1+ \n>150% \nNR2/R1/RR1 \n100% - 150% \nNR3/R2/RR2 \n75% - 100% \nNR4/R3/RR3 \n50%- 75% \nNR5/R4/RR4 \n25%-50% \nNR6/R5/RR5 \n0%-25% \nYet to be rated** \n-\nUnrated \n-\nTotal", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "61c263d078f6cf05"}, {"chunk_id": "58506bd1beef7ad4", "content": "b. Non-performing Assets (NPAs) i. The Bank has not transferred any Non-performing Assets (NPAs). ii. Details of Non-performing Assets (NPAs) acquired from eligible lenders through Assignment: Aggregate Aggregate Weighted average residual tenor Portfolio acquired during Principal From lenders listed in Clause 3 the half-year ended outstanding of consideration of loans acquired 30th September, 2025 93.23 4.66 0.07 loans acquired paid (in Years) C. Details of the recovery ratings assigned to Security Reciepts as at 30th September, 2025. Recovery Rating\" Anticipated Recovery as per Carrying Value* (f crore) Recoverv Ralina NR1/R1+/RR1+ >150% NR2/R1/RR1 100% - 150% NR3/R2/RR2 75% - 100% NR4/R3/RR3 50%- 75% NR5/R4/RR4 25%-50% NR6/R5/RR5 0%-25% Yet to be rated** - Unrated - Total", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "~ \nI::!: \nt \nI) \n* \n\"' \n(1 \n~ \n~ \n~ \n.... \n'?Ii. \n~ \nIIEor..c{,0", "subsection": "Recovery Rating\" \nAnticipated Recovery as per \nCarrying Value* (f crore) \nRecoverv Ralina \nNR1/R1+/RR1+ \n>150% \nNR2/R1/RR1 \n100% - 150% \nNR3/R2/RR2 \n75% - 100% \nNR4/R3/RR3 \n50%- 75% \nNR5/R4/RR4 \n25%-50% \nNR6/R5/RR5 \n0%-25% \nYet to be rated** \n-\nUnrated \n-\nTotal", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "61c263d078f6cf05"}, {"chunk_id": "3bd4d9c723582a38", "content": "477.52 205.92 176.77 118.00 - - 197.47 0.25 1,175.93 11 - recovery rating 1s as assigned by various rating agencies. * - Net of provisions. ** - Recent purchases whose statutory period has not elapsed. 9. The disclosure as required by RBI circular dated 6th August, 2020 (Resolution Framework 1.0) and 5th May 2021 (Resolution Framework 2.0) as at 30th September, 2025 is given below: Type of borrower Exposure to Of (A), aggregate Of (A) amount Of (A) amount Exposure to accounts debt that slipped written off paid by the accounts classified as into NPA during during the half- borrowers classified as Standard the half-year year# during the half- Standard consequent to year\" consequent to implementation implementation of resolution of resolution plan - Position plan - Position as at the end of as at the end of the previous this half-year half-v ear (Al Personal Loans 28.69 0.16 0.04 3.83 24.70 f crore except number of accounts Corporate 13.05 0.00 persons* 0.00 2.10 10.95 Of which, 12.98 0.00 0.00 2.03 10.95 MSMEs Others 45.46 0.00 0.00 2.39 43.07 Total 87.20 0.16 0.04 8.32 78.72 • As defined in section 3(7) of the Insolvency and Bankruptcy Code, 2016. # includes debt that slipped into NPA and was subsequently written off during the half-year. \" includes change in balances on account of interest and net of increase in exposure during the period. 10. The Bank has subsidiaries and associates as at 30th September, 2025 and accordingly, the Unaudited Consolidated Financial Results of the", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 21, "section": "~ \nI::!: \nt \nI) \n* \n\"' \n(1 \n~ \n~ \n~ \n.... \n'?Ii. \n~ \nIIEor..c{,0", "subsection": "Recovery Rating\" \nAnticipated Recovery as per \nCarrying Value* (f crore) \nRecoverv Ralina \nNR1/R1+/RR1+ \n>150% \nNR2/R1/RR1 \n100% - 150% \nNR3/R2/RR2 \n75% - 100% \nNR4/R3/RR3 \n50%- 75% \nNR5/R4/RR4 \n25%-50% \nNR6/R5/RR5 \n0%-25% \nYet to be rated** \n-\nUnrated \n-\nTotal", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5cd4bfab238911d9"}, {"chunk_id": "e4becc19158b341f", "content": "10. The Bank has subsidiaries and associates as at 30th September, 2025 and accordingly, the Unaudited Consolidated Financial Results of the Bank for the quarter and half-year ended 30th September, 2025, prepared in accordance with the applicable provisions of law, are also submitted to the concerned Stock Exchanges along with these Standalone Financial Results. 11. There has been no change to significant accounting policies during the quarter and half-year ended 30 111 September, 2025 as compared to those followed for the year ended 31 st March, 2025. 12. Figures for the previous periods/ year have been regrouped/reclassified wherever necessary to conform to current period's presentation. By order of the Board of Directors For Kotak Mahindra Bank Limited Mumbai, 25th October, 2025", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 21, "section": "~ \nI::!: \nt \nI) \n* \n\"' \n(1 \n~ \n~ \n~ \n.... \n'?Ii. \n~ \nIIEor..c{,0", "subsection": "Recovery Rating\" \nAnticipated Recovery as per \nCarrying Value* (f crore) \nRecoverv Ralina \nNR1/R1+/RR1+ \n>150% \nNR2/R1/RR1 \n100% - 150% \nNR3/R2/RR2 \n75% - 100% \nNR4/R3/RR3 \n50%- 75% \nNR5/R4/RR4 \n25%-50% \nNR6/R5/RR5 \n0%-25% \nYet to be rated** \n-\nUnrated \n-\nTotal", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5cd4bfab238911d9"}, {"chunk_id": "202014b8f408d650", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: Introduction | Page: 1\n\n| BSE Limited | National Stoc | k Exch | ange of India Limited |\n|---|---|---|---|\n| Corporate Relationship Department | Exchange Plaza | , Plot N | o. C/1, G Block, |\n| Phiroze Jeejeebhoy Towers, | Bandra-Kurla C | omplex | , |\n| Dalal Street, | Bandra (East), |  |  |\n| Mumbai 400 001 | Mumbai 400 0 | 51 |  |\n| BSE Scrip 500247, 958687, 974396, | NSE K | OTAKB | ANK, KMBL, KMB26, |\n| Code: 974682, 974924, 975387 | Symbol: K | MB29, | KMB30 |\n| Dear Sirs, |  |  |  |\n| Sub: Outcome of Board Meeting - Consoli | dated and S | tandal | one Unaudited Financial |\n| Results for the quarter and half-year e | nded Septem | ber 30, | 2025 |\n| Pursuant to Regulations 30, 33, 51 and 52 of the | Securities an | d Exch | ange Board of India (Listing |\n| Obligations and Disclosure Requirements) Regulation | s, 2015 (\"Listi | ng Regu | lations\"), this is to inform you |\n| that the Board of Directors of Kotak Mahindra Bank | Limited (\"Ban | k\") have | , at their meeting held today, |\n| inter alia, considered, reviewed and approved the | Consolidated | and Sta | ndalone Unaudited Financial |\n| Results of the Bank, for the quarter and half-year end | ed September 3 | 0, 2025 | , as recommended to them by |\n| the Audit Committee of the Bank. |  |  |  |\n| A copy of the said Financial Results, along with the Li | mited Review R | eport t | hereon, submitted by the Joint |\n| Statutory Auditors of the Bank, is enclosed herewith. |  |  |  |\n| The Board Meeting today commenced at 10:00 a.m. | (IST) and con | siderati | on of the item on approval of |\n| Consolidated and Standalone Unaudited Financial Re | sults, as stated | above, | concluded at 12:15 p.m. (IST). |\n| The proceedings of the Board Meeting are in progress | at the time of | filing of | this disclosure. |\n| The above information is also being hosted on the B | ank's website | https:// | www.kotak.com/en/investor- |\n| relations/governance/sebi-listing-disclosures.html in | terms of the Li | sting R | egulations. |\n| This is for your information and appropriate dissemin | ation. |  |  |\n| Thanking you, |  |  |  |\n| Yours faithfully, |  |  |  |\n| For Kotak Mahindra Bank Limited |  |  |  |\n| Avan Doomasia |  |  |  |\n| Company Secretary |  |  |  |\n| Encl.: as above |  |  |  |\n| Kotak Mahindra Bank Ltd. |  |  |  |\n| CIN: L65110MH1985PLC038137 Registered Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, T +91 22 61660001 |  |  |  |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 1, "section": "Introduction", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "73b1cc3baeb62aad", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: Introduction | Page: 2\n\n| De | loitte Haskins | & Sells |  |  | M M NISSIM | & CO LLP |\n|---|---|---|---|---|---|---|\n| 19t | h Floor, Shapat | h-V |  |  | Barodawala M | ansion |\n| S.G | . Highway |  |  |  | B-Wing, 3rd Fl | oor, 81 |\n| Ah | medabad - 380 | 015 |  |  | Dr. Annie Bes | ant Road |\n| Gu | jarat, India |  |  |  | Worli, Mumbai | - 400 018 |\n| Tel | : +91 79 6682 | 7300 |  |  |  |  |\n| Fax | : +91 79 6682 | 7400 |  |  |  |  |\n| nd | ependent Aud | itors' Review Repor | t on unaudi | ted cons | olidated finan | cial results |\n| or | the quarter an | d half year ended | 30 Septemb | er 2025 | of Kotak Mah | indra Bank |\n| Lim | ited pursuant | to Regulation 33 of | the Securi | ties and | Exchange Bo | ard of India |\n| Lis | ting Obligati | ons and Disclosu | re Require | ments) | Regulations, | 2015, as |\n| ame | nded. |  |  |  |  |  |\n| To t | he Board of D | irectors of Kotak M | ahindra Ba | nk Limit | ed |  |\n| 1. | We have revie | wed the accompanyin | g statemen | t of unau | dited consolida | ted financial |\n|  | results of Kota | k Mahindra Bank Limi | ted (the \"Pa | rent\" or t | he \"Bank\"), its | subsidiaries |\n|  | (the Parent an | d its subsidiaries toge | ther referre | d to as 't | he Group') and | its share of |\n|  | the net profit | after tax of its asso | ciates for th | e quarte | r and half ye | ar ended 30 |\n|  | September 202 | 5 (the \"Statement\") | , being sub | mitted by | the Bank pur | suant to the |\n|  | requirements o | f Regulation 33 of th | e Securities | and Excha | nge Board of I | ndia (Listing |\n|  | Obligations an | d Disclosure Requir | ements) Re | gulations, | 2015, as am | ended (the |\n|  | \"Listing Regula | tions\"), except for the | disclosures | relating t | o consolidated | Pillar 3 as at |\n|  | 30 September | 2025, including lever | age ratio, liq | uidity co | verage ratio an | d net stable |\n|  | funding ratio u | nder Basel III Capital | Regulations | as have b | een disclosed o | n the Bank's |\n|  | website and in | respect of which a li | nk has been | provided | in Note 8 of th | e Statement |\n|  | and have not b | een reviewed by us. | We have initi | alled the | Statement for | identification |\n|  | purposes only. |  |  |  |  |  |\n| 2. | This Statement | , which is the respon | sibility of th | e Bank's | Management a | nd has been |\n|  | approved by th | e Bank's Board of Dir | ectors, has b | een prep | ared in accorda | nce with the |\n|  | recognition and | measurement princi | ples laid dow | n in Acco | unting Standar | d 25, Interim |\n|  | Financial Repo | rting (\"AS 25\"), pres | cribed under | Section | 133 of the Co | mpanies Act, |\n|  | 2013 read with | relevant rules issued | thereunder, | in so far | as they apply t | o Banks, the |\n|  | relevant provisi | ons of the Banking R | egulation Ac | t, 1949, t | he circulars, g | uidelines and |\n|  | directions issue | d by the Reserve Ba | nk of India | (\"RBI\") fr | om time to ti | me (the \"RBI |\n|  | Guidelines\") a | nd other accounting | principles g | enerally | accepted in I | ndia, and in |\n|  | compliance wit | h Regulation 33 of | the Listing | Regulatio | ns. Our respon | sibility is to |\n|  | express a concl | usion on the Statem | ent based on | our revie | w. |  |\n| 3. | We conducted o | ur review of the Stat | ement in acc | ordance w | ith the Standa | rd on Review |\n|  | Engagements ( | SRE) 2410 - 'Review | of Interim Fi | nancial In | formation Perf | ormed by the |\n|  | Independent A | uditor of the Entity' is | sued by the | Institute | of Chartered Ac | countants of |\n|  | India. A review | of interim financial i | nformation c | onsists of | making inquiri | es, primarily |\n|  | of Bank's pers | onnel responsible for | financial an | d accoun | ting matters, | and applying |\n|  | analytical and o | ther review procedur | es. A review | is substa | ntially less in s | cope than an |\n|  | audit conducte | d in accordance with t | he Standard | s on Audi | ting specified u | nder Section |\n|  | 143 (10) of the | Companies Act, 201 | 3, and conse | quently d | oes not enable | us to obtain |\n|  | assurance that | we would become | aware of al | l signific | ant matters th | at might be |\n|  | identified in an | audit. Accordingly, w | e do not exp | ress an a | udit opinion. |  |\n|  | We also perfor | med procedures in acc | ordance wit | h the circ | ular issued by t | he Securities |\n|  | and Exchange | Board of India under | Regulation | 33(8) of | the Listing Re | gulations, as |\n|  | amended, to th | e extent applicable. |  |  |  |  |\n|  | e Statement | includes the results/i | nformation o | f the enti | ties referred in | Annexure 1. |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 2, "section": "Introduction", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "800cc75351904cd9", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: 0r,..8 Kt,t,,,s, atement also includes the Group's share of net profit after tax of z 22.32 crore and \n~ ~ <I' \nI-\nCH \n• RED \n(fl \n0 ACCOU TANTS IT) \n2 \n1 \n:: \n0 \nC;, \n* | Page: 3\n\n| De | loitte Haskins | & Sells |  |  | M M NISSIM | & CO LLP |\n|---|---|---|---|---|---|---|\n| 5. | Based on our r | eview conduc | ted and proced | ures performe | d as stated in | paragraph 3 |\n|  | above and bas | ed on the con | sideration of th | e review/audit | reports of ot | her auditors, |\n|  | referred to in p | aragraph 6 be | low, nothing ha | s come to our | attention that | causes us to |\n|  | believe that | the accompa | nying Stateme | nt, prepared | in accordanc | e with the |\n|  | recognition and | measureme | nt principles laid | down in AS 25 | , prescribed u | nder Section |\n|  | 133 of the Com | panies Act, 2 | 013 read with r | elevant rules i | ssued thereun | der, in so far |\n|  | as they apply t | o Banks, the | RBI Guidelines, | and other acc | ounting princip | les generally |\n|  | accepted in Ind | ia, has not di | sclosed the info | rmation requir | ed to be disclo | sed in terms |\n|  | with the requi | rements of R | egulation 33 o | f the Listing | Regulations, i | ncluding the |\n|  | manner in w | hich it is t | o be disclose | d, or that i | t contains a | ny material |\n|  | misstatement, | except for the | disclosures rel | ating to consol | idated Pillar 3 | disclosure as |\n|  | at 30 Septemb | er 2025, inclu | ding leverage ra | tio, liquidity co | verage ratio a | nd net stable |\n|  | funding ratio u | nder Basel III | Capital Regulati | ons as have b | een disclosed | on the Bank's |\n|  | website and in | respect of wh | ich a link has b | een provided | in Note 8 of th | e Statement |\n|  | and have not b | een reviewed | by us. |  |  |  |\n| 6. | We did not re | view the inte | rim financial r | esults of 3 su | bsidiaries, inc | luded in the |\n|  | Statement, wh | ose interim fi | nancial results | reflects total a | ssets of t 64, | 638.62 crore |\n|  | (before consoli | dation adjust | ments) as at 30 | September 20 | 25 and total r | evenues of t |\n|  | 2,161.10 cror | e and t 4,36 | 3.39 crore (be | fore consolida | tion adjustme | nts) for the |\n|  | quarter and ha | lf year ended | 30 September 2 | 025 respectiv | ely and total n | et profit after |\n|  | tax oft 576.73 | crore and t | 1,229.43 crore ( | before consoli | dation adjustm | ents) for the |\n|  | quarter and ha | lf year ended | 30 September | 2025 respecti | vely, and cash | inflows(net) |\n|  | of t 682.12 c | rore (before | consolidation a | djustments) fo | r the half ye | ar ended 30 |\n|  | September 202 | 5. These inte | rim financial res | ults have been | reviewed by o | ther auditors |\n|  | whose review r | eports have b | een furnished to | us by the Par | ent's Manage | ment, and our |\n|  | conclusion on | the Statemen | t in so far as i | t relates to th | e amounts an | d disclosures |\n|  | included in res | pect of these | subsidiaries, is b | ased solely on | the review re | ports of such |\n|  | other respectiv | e auditors, an | d the procedure | s performed b | y us as stated | in paragraph |\n|  | 3 above. |  |  |  |  |  |\n|  | The interim fin | ancial results | of 2 subsidiaries | included in th | e Statement, w | hose interim |\n|  | financial result | s reflects tot | al assets of z | 1,36,393.35 c | rore (before | consolidation |\n|  | adjustments) a | s at 30 Septe | mber 2025 and | total revenues | of z 6,372.1 | 4 crore and z |\n|  | 14,288.05 cro | re {before co | nsolidation adju | stments) for | the quarter a | nd half year |\n|  | ended 30 Sept | ember 2025 r | espectively and | total net profit | after tax oft | 394.58 crore |\n|  | and t 1,186.8 | 4 crore (befor | e consolidation a | djustments) f | or the quarter | and half year |\n|  | ended 30 Sep | tember 2025 | respectively, a | nd cash inflow | s (net) of z | 150.99 crore |\n|  | (before consol | idation adjust | ments) for the | half year ende | d 30 Septemb | er 2025, has |\n|  | been audited/r | eviewed by o | ne of the joint a | uditors, whose | report has be | en furnished |\n|  | to us by the Pa | rent's Manage | ment. Accordin | gly, conclusion | of one of the j | oint auditors, |\n|  | on the Statem | ent in so far | as it relates to | the amounts | and disclosure | s included in |\n|  | respect of thes | e subsidiaries | , is based solel | y on the audit | /review report | of the other |\n|  | joint auditor, a | nd the proced | ures performed | by us as state | d in paragrap | h 3 above. |\n|  | Our conclusion | on the State | ment is not mod | ified in respec | t of these mat | ters. |\n| 7. | The Statement | includes the i | nterim financial | information of | 13 subsidiarie | s, which have |\n|  | not been rev information r | iewed by th eflects total | eir respective assets of z | auditors, and 11,106.35 cr | whose inte ore (before | rim financial consolidation |\n|  | adjustments) | as at 30 Sept | ember 2025 an | d total revenu | es of t 744. 75 | z crore and |\n|  | 1,451.50 crore 30 September | (before cons 2025 respecti | olidation adjustm vely and total n | ents) for the et profit after t | quarter and ha ax of z 253. 7 | lf year ended 4 crore and z |\n|  | 494.51 crore ( | before consol | idation adjustm | ents) for the q | uarter and ha | lf year ended |\n| '::::::-... | 30 September .consolidation | 2025 respec adjustments) | tively, and cash for the half | outflows (net year ended | ) of z 66.87 30 Septembe | crore (before r 2025. The |\n| Kt,t,,, • RED | s, atement also <I' (fl | includes the | Group's share o | f net profit aft | er tax of z 22 | .32 crore and 2 |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "0r,..8 Kt,t,,,s, atement also includes the Group's share of net profit after tax of z 22.32 crore and \n~ ~ <I' \nI-\nCH \n• RED \n(fl \n0 ACCOU TANTS IT) \n2 \n1 \n:: \n0 \nC;, \n*", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "747a2c133b8617f2", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: 0r,..8 Kt,t,,,s, atement also includes the Group's share of net profit after tax of z 22.32 crore and \n~ ~ <I' \nI-\nCH \n• RED \n(fl \n0 ACCOU TANTS IT) \n2 \n1 \n:: \n0 \nC;, \n* | Page: 4\n\n| loitte Haskins & | Sells |  |  | M M NISSIM | & CO LLP |\n|---|---|---|---|---|---|\n| ~ 65.38 crore for | the qua | rter and ha | lf year ended 30 | September 2025 | respectively, |\n| as considered in | the State | ment, in r | espect of three as | sociates, which ha | ve not been |\n| reviewed/audited | by their | respective | auditors and whos | e interim financia | l information |\n| has been furnish | ed to us | by the Par | ent's Management | . According to the | information |\n| and explanations | given to | us by the | Management, this i | nterim financial in | formation of |\n| these entities is n | ot mater | ial to the G | roup. |  |  |\n| Our conclusion o | n the Stat | ement is n | ot modified in res | pect of this matter | . |\n| The following oth | er matter | paragraph | has been include | d in the audit repo | rt on Special |\n| Purpose Financial | Informat | ion of Kota | k Mahindra Life In | surance Company | Limited ('K |\n| LIFE'), the subsi | diary of th | e Parent, | issued by the join | t auditors of K-LI | FE vide their |\n| report dated 18 | October 2 | 025: |  |  |  |\n| \"The actuarial va | luation of | liabilities f | or life policies in f | orce and for polici | es in respect |\n| of which premium | has bee | n discontin | ued but liability ex | ists as at Septem | ber 30, 2025 |\n| is the responsibil | ity of the | Company | 's Appointed Actu | ary (the \"Appointe | d Actuary\"). |\n| The actuarial val | uation of | the liabili | ties for life polici | es in force and fo | r policies in |\n| respect of which | premium | has been | discontinued but l | iability exists as a | t September |\n| 30, 2025 has be | en duly c | ertified by | the Appointed A | ctuary and in his | opinion, the |\n| actuarial liabiliti | es have | been calc | ulated in accorda | nce with genera | lly accepted |\n| actuarial principl | es, the r | equiremen | ts of the Insuran | ce Act, 1938, In | surance Act |\n| (Amendment), 2 | 015, rele | vant IRDA | regulations and th | e Actuarial Practic | e Standards |\n| and Guidance No | tes of th | e Institute | of Actuaries of In | dia. We have reli | ed upon the |\n| Appointed Actua | ry's certif | icate in th | is regard during | our audit of the | valuation of |\n| liabilities for life p | olicies in | force and f | or policies in resp | ect of which premi | um has been |\n| discontinued but | liability e | xists as at | September 30, 20 | 25, as contained i | n the Special |\n| Purpose Financial | Informa | tion of the | Company. Our opi | nion is not modifi | ed in respect |\n| of this matter.\" |  |  |  |  |  |\n| Our conclusion is | not modi | fied in res | pect of this matter | . |  |\n|  |  |  |  |  | 3 |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "0r,..8 Kt,t,,,s, atement also includes the Group's share of net profit after tax of z 22.32 crore and \n~ ~ <I' \nI-\nCH \n• RED \n(fl \n0 ACCOU TANTS IT) \n2 \n1 \n:: \n0 \nC;, \n*", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "2be4542da9f46e3a", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: 0r,..8 Kt,t,,,s, atement also includes the Group's share of net profit after tax of z 22.32 crore and \n~ ~ <I' \nI-\nCH \n• RED \n(fl \n0 ACCOU TANTS IT) \n2 \n1 \n:: \n0 \nC;, \n* > For M M NISSIM & co LLP \nChartered Accountants \n(Firm Registration No. 107122W/W100672) | Page: 5\n\n| loitte Haskins | & Sells |  | M M | NISSIM | & CO LLP |\n|---|---|---|---|---|---|\n| The unaudited | consolidated fina | ncial results | of the Group for | the quart | er ended 30 |\n| June 2025 and | the correspondin | g quarter an | d half year ended | 30 Sept | ember 2024 |\n| were reviewed | by KKC & Associ | ates LLP and | Deloitte Haskins | & Sells w | hose report |\n| dated 26 July | 2025 and 19 O | ctober 2024 | respectively, expr | essed an | unmodified |\n| conclusion on t | hose unaudited | consolidated | financial results, | and the | consolidated |\n| financial statem | ents of the Grou | p for the yea | r ended 31 March | 2025 wer | e audited by |\n| KKC & Associat | es LLP and Deloi | tte Haskins | & Sells whose rep | ort dated | 3 May 2025 |\n| expressed an u | nmodified opinion | on those au | dited consolidated | financial | statements. |\n| Accordingly, M | M NISSIM & Co | LLP does not | express any con | clusion/op | inion on the |\n| figures reporte | d in the Statem | ent for the | quarter ended 30 | June 20 | 25 and the |\n| corresponding | quarter and half y | ear ended 30 | September 2024 | and for th | e year ended |\n| 31 March 2025 | . |  |  |  |  |\n| Our conclusion | on the Statemen | t is not modif | ied in respect of t | his matter | . |\n| r Deloitte Hask | ins & Sells |  | For M M NISSIM | & co LLP |  |\n| artered Account | ants |  | Chartered Accoun | tants |  |\n| rm Registration | No. 117365W) |  | (Firm Registration | No. 1071 | 22W/W1006 |\n| I p K. Subramani rtner mbership No. 1 | ~ am 09839 |  | Sanjay Khemani Partner Membership No. 0 | 44577 |  |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "0r,..8 Kt,t,,,s, atement also includes the Group's share of net profit after tax of z 22.32 crore and \n~ ~ <I' \nI-\nCH \n• RED \n(fl \n0 ACCOU TANTS IT) \n2 \n1 \n:: \n0 \nC;, \n*", "subsection": "For M M NISSIM & co LLP \nChartered Accountants \n(Firm Registration No. 107122W/W100672)", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "077022ed407c8698", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: 0r,..8 Kt,t,,,s, atement also includes the Group's share of net profit after tax of z 22.32 crore and \n~ ~ <I' \nI-\nCH \n• RED \n(fl \n0 ACCOU TANTS IT) \n2 \n1 \n:: \n0 \nC;, \n* > For M M NISSIM & co LLP \nChartered Accountants \n(Firm Registration No. 107122W/W100672) | Page: 6\n\n| Deloitte Haski | ns & Sells |  |  |  |  |\n|---|---|---|---|---|---|\n| Annexure 1 |  |  |  |  |  |\n| List of entities | included in | the Stateme | nt |  |  |\n| Parent Compan | y |  |  |  |  |\n| Kotak Mahindra | Bank Limited |  |  |  |  |\n| Domestic Subs | idiaries |  |  |  |  |\n| Kotak Mahindra | Prime Limite | d |  |  |  |\n| Kotak Mahindra | Investments | Limited |  |  |  |\n| Kotak Securities | Limited |  |  |  |  |\n| Kotak Mahindra | Capital Comp | any Limited |  |  |  |\n| Kotak Mahindra | Life Insuranc | e Company Li | mited |  |  |\n| Kotak Mahindra | Asset Manag | ement Compa | ny Limit | ed |  |\n| Kotak Mahindra | Trustee Com | pany Limited |  |  |  |\n| Kotak Mahindra | Pension Fund | Limited |  |  |  |\n| Kotak Alternate | Asset Manag | ers Limited (F | ormerly | known as Kotak I | nvestme |\n| Limited) |  |  |  |  |  |\n| Kotak Mahindra | Trusteeship | Services Limit | ed |  |  |\n| Kotak Infrastruc | ture Debt Fu | nd Limited |  |  |  |\n| IVY Product Inte | rmediaries L | imited |  |  |  |\n| BSS Microfinanc | e Limited* |  |  |  |  |\n| International | Subsidiaries |  |  |  |  |\n| Kotak Mahindra | (UK) Limited |  |  |  |  |\n| Kotak Mahindra | (Internation | al) Limited |  |  |  |\n| Kotak Mahindra | Inc. |  |  |  |  |\n| Kotak Mahindra | Financial Ser | vices Limited |  |  |  |\n| Kotak Mahindra | Asset Manag | ement (Singa | pore) Pt | e. Limited |  |\n| Associate Com | panies |  |  |  |  |\n| lnfina Finance P | rivate Limited |  |  |  |  |\n| Phoenix ARC Pr | ivate Limited |  |  |  |  |\n| Zurich Kotak G | eneral Insura | nce Company | (India) | Limited (Formerly | known a |\n| Mahindra Gener | al Insurance | Company Lim | ited) |  |  |\n| *Sonata Financ | e Private Lim | ited has merg | ed with | BSS Microfinance | Limited. |\n| of Amalgamatio | n has been m | ade effective | on and | from 11 October, | 2025 wit |\n| date of 1 April, | 2025. |  |  |  |  |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "0r,..8 Kt,t,,,s, atement also includes the Group's share of net profit after tax of z 22.32 crore and \n~ ~ <I' \nI-\nCH \n• RED \n(fl \n0 ACCOU TANTS IT) \n2 \n1 \n:: \n0 \nC;, \n*", "subsection": "For M M NISSIM & co LLP \nChartered Accountants \n(Firm Registration No. 107122W/W100672)", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d0afef2b13ecbafc", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: :!; 101122W \n• II \nI I-\nc::mRED \n(f) 1] \n• w10os12 \nf/) \n0 ACC \nANTS /TJ \nCl \nMUMBAI ~ \ni \n;;-\n~ \n~'!' \n,,,'?ri. \nl!S \n0 \n0 \n\"IIEDAc{fl_ \n* \n-- | Page: 7\n\n|  |  | Quarter ended |  |  | Half year ended |  |  |\n|---|---|---|---|---|---|---|---|\n|  |  | 30-Sep-25 (Unaudited) 17,198.74 | 30-June-25 (Unaudited) | 30-Sep-24 (Unaudited) 16,426.97 | 30-Sep-25 (Unaudited) | 30-Sep-24 (Unaudited) |  |\n| 1 | Interest earned (a+b+c+d) |  | 17,248.31 |  | 34,447.05 | 32,263.76 |  |\n|  | (a) Interest/discount on advances/bills | 12,425.61 | 12,346.19 | 11,772.23 | 24,771.80 | 23,137.90 |  |\n|  | (b) Income on investments | 4,120.74 | 4,268.08 | 4,068.87 | 8,388.82 940.68 345.75 | 7,936.77 |  |\n|  | (b) Interest on balances with Reserve Bank of India (RBI) & other interbank funds | 469.78 | 470.90 | 459.03 |  | 937.98 |  |\n|  | (d) Others | 182.61 | 163.14 | 126.84 |  | 251.11 |  |\n| 2 | Other income (a+b+c) | 7,702.65 | 9,455.61 | 10,453.05 | 17,158.26 1,751.26 | 19,692.13 | 37,407.27 |\n|  | (a) Profit/(Loss) on sale of Investments including revaluation (insurance business) | (633.02) | 2,384.28 | 2,244.17 3,901.24 |  | 4,626.97 | 2,231.15 |\n|  | (b) Premium on Insurance Business | 4,347.19 | 2,758.12 |  | 7,105.31 | 6,897.97 | 18,220.87 |\n|  | (c) Other income (Refer Note 4) | 3,988.48 | 4,313.21 | 4,307.64 26,880.02 7,138.98 | 8,301.69 | 8,167.19 | 16,955.25 |\n| 3 | Total income (1+2) | 24,901.39 | 26,703.92 |  | 51,605.31 | 51,955.89 | 103,076.10 |\n| 4 | Interest expended | 7,332.56 | 7,527.09 |  | 14,859.65 | 13,944.23 | 28,270.91 |\n| 5 | Operating expenses (a+b+c) | 10,551.64 | 11,802.26 | 12,203.82 | 22,353.90 | 23,692.41 | 45,760.32 |\n|  | (a) Employees Cost | 3,079.79 | 3,110.20 5,159.94 3,532.12 | 2,959.18 | 6,189.99 | 5,768.43 | 11,963.60 |\n|  | (b) Policy holders' reserves, surrender expense and claims (insurance business) (Refer Note 5) | 3,832.14 |  | 5,941.96 | 8,992.08 | 11,401.08 | 20,021.36 |\n|  | (c) Other operating expenses | 3,639.71 17,884.20 |  | 3,302.68 | 7,171.83 | 6,522.90 | 13,775.36 |\n| 6 | Total expenditure {4+5) (excluding provisions and contingencies) |  | 19,329.35 | 19,342.80 | 37,213.55 | 37,636.64 | 74,031.23 |\n| 7 | Operating profit {3-6) (Profit before provisions and contingencies) Provisions (other than tax) and contingencies (Refer Note 6) | 7,017.19 | 7,374.57 | 7,537.22 | 14,391.76 | 14,319.25 | 29,044.87 3,859.24 |\n| 8 |  | 1,054.42 | 1,321.17 | 890.36 | 2,375.59 | 1,664.80 |  |\n| 9 | Exceptional items (Refer Note 7) | - | - | - | - | 3,803.40 | 3,803.40 |\n| 10 11 | Profit from ordinary activities before tax (7-8+9) | 5,962.77 | 6,053.40 | 6,646.86 | 12,016.17 | 16,457.85 | 28,989.03 |\n|  | Tax expense | 1,516.83 | 1,624.27 | 1,649.08 | 3,141.10 | 4,060.68 | 7,043.29 |\n| 12 13 | Net P_rofit from ordinary activities after tax before Minority Interest {10-11) | 4,445.94 | 4,429.13 - | 4,997.78 | 8,875.07 | 12,397.17 | 21,945.74 |\n|  | Extraordinary items (net of tax expense) | - |  | - |  | - | - |\n| 14 15 | Net Profit after tax before Minority Interest {12 -13) | 4,445.94 | 4,429.13 | 4,997.78 | 8,875.07 | 12,397.17 | 21,945.74 |\n|  | Less: Share of Minority Interest | - | - | - |  |  | - |\n| 16 | Add: Share in Profit/(Loss) of associates | 22.33 | 43.05 | 46.27 | 65.38 | 95.04 | 180.25 |\n| 17 | Profit after tax (14-15+16) | 4,468.27 | 4,472.18 | 5,044.05 | 8,940.45 | 12,492.21 | 22,125.99 994.11 |\n|  | Paid Up Equity Capital (Face value of f 5 per share) Group Reserves (excluding Minority Interest and Revaluation reserves) | 994.30 | 994.16 | 994.06 | 994.30 | 994.06 |  |\n|  |  |  |  |  |  |  | 156,400.97 |\n|  |  | - | - | - | - |  | - - |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": ":!; 101122W \n• II \nI I-\nc::mRED \n(f) 1] \n• w10os12 \nf/) \n0 ACC \nANTS /TJ \nCl \nMUMBAI ~ \ni \n;;-\n~ \n~'!' \n,,,'?ri. \nl!S \n0 \n0 \n\"IIEDAc{fl_ \n* \n--", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "bd8ef58cf6d8e981", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: \\M&c \n'<'p..Sl<tl\\t \n( \n~ \n'5'<1' \n~ \nj ::E \nI \nI t: CHriRED \n(f) ) \n* \n0 ACC \nANTS rn \n(1 \n1 \n~ | Page: 8\n\n| Sr No | Particulars | Quarter ended 30-Sep-25 30-June-25 30-Sep-24 (Unaudited) (Unaudited) (Unaudited) |  |  | Half vear ended |  | Year ended |\n|---|---|---|---|---|---|---|---|\n|  |  | 30-Sep-25 (Unaudited) |  |  | 30-Sep-25 (Unaudited) | 30-Sep-24 (Unaudited) | 31-Mar-25 (Audited) |\n| 21 | Earnings per equity share before and after extraordinary items(net of tax expense) |  |  |  |  |  |  |\n|  | -Basic (not annualised) ~ | 22.47 | 22.49 | 25.37 | 44.96 | 62.84 | 111.29 |\n|  | -Diluted (not annualised) ~ | 22.47 | 22.49 | 25.37 | 44.96 | 62.84 | 111.29 |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "\\M&c \n'<'p..Sl<tl\\t \n( \n~ \n'5'<1' \n~ \nj ::E \nI \nI t: CHriRED \n(f) ) \n* \n0 ACC \nANTS rn \n(1 \n1 \n~", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "62bb1fba2755953f", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: \\M&c \n'<'p..Sl<tl\\t \n( \n~ \n'5'<1' \n~ \nj ::E \nI \nI t: CHriRED \n(f) ) \n* \n0 ACC \nANTS rn \n(1 \n1 \n~ | Page: 8\n\n| Segment |  |\n|---|---|\n| Corporate/ Wholesale Banking |  |\n| Retail Banking | Comprises of: Business involving digital banking products acquired by Digital Banking Unit including existing digital banking products as identified by the Management in accordance with the instructions of the RBI vide its circular dated 7th April, 2022 |\n| Digital Banking Other Retail Banking |  |\n|  | Includes retail lending, deposit taking and other retail services/ products other than above Money market, forex market, derivatives, investments and primary dealership of government securities, Balance Sheet Management Unit (BMU) responsible for Asset Liability Management and Corporate Centre, which primarily comprises of support functions |\n| Treasury, BMU and Corporate Centre |  |\n| Vehicle Financing | Retail vehicle finance and wholesale trade finance to auto dealers from its Subsidiary Company Securitisation and other loans/ services from its Subsidiary Companies Brokerage income on market transactions done on behalf of clients, interest on delayed payments, distribution of financial products from its Subsidiary Company Providing financial advisory and transactional services such as mergers and acquisition advice, equity/ debt issue management services and Business Correspondent services from its Subsidiary Companies. |\n| Other Lending Activities |  |\n| Broking |  |\n| Advisory and Transactional Services |  |\n| Asset Management | Management of funds and investments on behalf of clients and investment distribution from (Cherry) its Subsidiary Companies |\n|  | Life Insurance and General Insurance (till 17,h June, 2024) business of its Subsidiaries |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "\\M&c \n'<'p..Sl<tl\\t \n( \n~ \n'5'<1' \n~ \nj ::E \nI \nI t: CHriRED \n(f) ) \n* \n0 ACC \nANTS rn \n(1 \n1 \n~", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "9c94dbba81df48a2", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: \\M&c \n'<'p..Sl<tl\\t \n( \n~ \n'5'<1' \n~ \nj ::E \nI \nI t: CHriRED \n(f) ) \n* \n0 ACC \nANTS rn \n(1 \n1 \n~ | Page: 8\n\n| Sr No | Particulars | Quarter ended 30-Sep-25 30-Jun-25 30-Sep-24 (Unaudited) (Unaudited) (Unaudited) |  |  | Half vear ended |  | Year ended 31-Mar-25 (Audited) |\n|---|---|---|---|---|---|---|---|\n|  |  | 30-Sep-25 (Unaudited) |  | 30-Sep-24 (Unaudited) | 30-Sep-25 (Unaudited) | 30-Sep-24 (Unaudited) |  |\n| 1 | Segment Revenues: |  |  |  |  |  |  |\n|  | Treasury, BMU and Corporate Centre Retail Banking• | 3,132.57 | 3,708.24 8,650.55 | 3,317.48 | 6,840.81 | 6,479.33 | s12,840.08 |\n|  |  | 8,343.93 |  | 8,278.12 | 16,994.48 | 16,223.76 | 33,829.72 |\n|  | (i) Digital Banking | 563.25 | 545.41 | 520.48 | 1,108.66 | 1,024.45 | 2,171.33 |\n|  | (ii) other Retail Banking | 7,780.68 | 8,105.14 | 7,757.64 | 15,885.82 | 15,199.31 | 31,658.39 |\n|  | Corporate / Wholesale Bankina | 6,699.89 | 6,267.06 1,085.45 536.43 | 6,231.81 | 12,966.95 | 12,017.87 | 24,786.28 |\n|  | Vehicle Financing | 1,084.97 |  | 1,024.69 | 2,170.42 | 1,993.32 | 4,100.64 |\n|  | Other Lending Activities Broking Advisory and Transactional Services Asset Management | 570.24 |  | 594.61 | 1,106.67 | 1,128.00 | 2,227.57 |\n|  |  | 1,127.75 | 1,090.59 | 1,159.70 | 2,218.34 | 2,231.19 | 4,369.02 |\n|  |  | 230.17 | 224.27 | 479.99 | 454.44 | 905.00 | 1,682.06 |\n|  |  | 823.95 | 866.49 | 670.54 | 1,690.44 | 1,254.63 | 2,893.67 |\n|  | Insurance Sub-total Less: inter-segment revenues | 5,072.74 | 6,469.74 | 7,356.07 | 11,542.48 | 13,906.63 | 25,268.44 |\n|  |  | 27,086.21 | 28,898.82 | 29,113.01 | 55,985.03 | 56,139.73 | 111,997.48 |\n|  |  | 2,184.82 | 2,194.90 | 2,232.99 | 4,379.72 | 4,183.84 | 8,921.38 |\n|  | Total Income | 24,901.39 | 26,703.92 | 26,880.02 | 51,605.31 | 51,955.89 | 103,076.~0 |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "\\M&c \n'<'p..Sl<tl\\t \n( \n~ \n'5'<1' \n~ \nj ::E \nI \nI t: CHriRED \n(f) ) \n* \n0 ACC \nANTS rn \n(1 \n1 \n~", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "8bf522ceec241cfa", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: S\nkotak | Page: 9\n\n|  |  | Quarter ended 30-Sep-25 30-Jun-25 30-Sep-24 /Unaudited) (Unaudited) (Unaudited) |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|\n|  |  |  |  | 30-Sep-24 (Unaudited) | 30-Sep-25 (Unaudited) | 30-Sep-24 /Unaudited) |  |\n| 2 | Segment Results: |  |  |  |  |  |  |\n|  | Treasury, BMU and Corporate Centre# | 1,144.90 | 1,323.18 | 1,406.16 2,468.08 |  | 6,705.97 |  |\n|  | Retail Banking* | 1,437.76 | 1,080.20 | 1,397.16 | 2,517.96 | 2,835.46 |  |\n|  | (i) Digital Banking | 10.75 | 1.71 | 86.63 | 12.46 | 144.57 |  |\n|  | (ii) other Retail Banking | 1,427.01 | 1,078.49 | 1,310.53 | 2,505.50 3,862.61 | 2,690.89 |  |\n|  | Corporate / Wholesale Bankina | 1,984.54 | 1,878.07 | 1,965.54 |  | 3,609.48 |  |\n|  | Vehicle Financing | 198.35 | 207.69 | 174.62 | 406.04 348.85 | 344.64 | 699.04 |\n|  | Other Lending Activities | 179.61 | 169.24 | 226.38 |  | 404.27 | 737.75 |\n|  | Broking | 353.35 | 345.73 | 451.82 | 699.08 | 857.06 | 1,524.47 294.98 |\n|  | Advisory and Transactional Services | 17.01 | 23.66 | 144.70 374.74 505.74 | 40.67 | 255.60 |  |\n|  | Asset Management | 515.02 | 577.55 |  | 1,092.57 | 690.74 | 1,721.47 |\n|  | Insurance | 132.23 | 448.08 |  | 580.31 | 754.63 | 1,153.45 |\n|  | Profit before tax, mmonty interest and share of associates | 5,962.77 | 6,053.40 | 6,646.86 187,031.18 | 12,016.17 | 16,457.85 | 28,989.03 |\n| 3 | Segment Assets: |  |  |  |  |  |  |\n|  | Treasury, BMU and Corporate Centre | 211,488.44 | 211,450.43 452,760.73 51.59 |  | 211,488.44 | 187,031.18 | 228,006.78 |\n|  | Retail Banking* | 459,311.00 |  | 414,960.37 | 459,311.00 | 414,960.37 | 443,829.55 |\n|  | (i) Digital Banking | 123.77 459,187.23 298,530.28 |  | 32.69 | 123.77 | 32.69 | 52.99 443,776.56 |\n|  | (ii) Other Retail Banking |  | 452,709.14 | 414,927.68 | 459,187.23 | 414,927.68 |  |\n|  | Corporate/ Wholesale Banking |  | 277,461.84 | 257,744.98 | 298,530.28 32,836.97 | 257,744.98 | 274,494.22 |\n|  | Vehicle Financing | 32,836.97 23,137.07 | 29,799.21 | 28,380.93 |  | 28,380.93 | 29,848.75 24,726.19 |\n|  | Other Lending Activities |  | 27,180.90 | 24,406.09 | 23,137.07 | 24,406.09 |  |\n|  | Broking | 28,794.62 1,257.44 9,154.78 | 27,225.89 | 25,427.21 | 28,794.62 | 25,427.21 | 20,970.01 |\n|  | Advisory and Transactional Services |  | 1,270.79 | 1,658.70 | 1,257.44 | 1,658.70 | 1,301.64 |\n|  | Asset Management |  | 8,599.76 | 6,777.85 | 9,154.78 | 6,777.85 | 8,253.15 |\n|  | Insurance | 99,207.95 | 97,514.35 | 89,715.45 | 99,207.95 | 89,715.45 | 94,811.03 |\n|  | Sub-total Less: inter-segment assets Total | 1,163,718.55 | 1,133,263.90 | 1,036,102.76 | 1,163,718.55 | 1,036,102.76 | 1,126,241.32 |\n|  |  | 252,215.20 | 246,498.80 | 232,549.20 | 252,215.20 | 232,549.20 | 247,876.32 |\n|  |  | 911,503.35 | 886,765.10 | 803,553.56 | 911,503.35 | 803,553.56 | 878,365.00 |\n| 4 | Add: Unallocated Assets Total Assets as per Balance Sheet Segment Liabilities: Treasury, BMU and Corporate Centre | 1,449.06 | 1,423.88 | 1,427.67 | 1,449.06 | 1,427.67 | 1,409.34 |\n|  |  | 912,952.41 | 888,188.98 | 804,981.23 | 912,952.41 | 804,981.23 | 879,774.34 |\n|  |  | 160,058.50 | 160,275.61 | 141,700.64 | 160,058.50 | 141,700.64 | 185,732.26 |\n|  | Retail Banking* | 409,322.11 | 404,213.28 | 370,125.07 | 409,322.11 | 370,125.07 | 395,970.73 19,063.17 |\n|  | (i) Digital Banking | 21,652.40 | 19,904.26 | 17,025.58 | 21,652.40 | 17,025.58 |  |\n|  | (ii) Other Retail Banking Corporate / Wholesale Banking | 387,669.71 | 384,309.02 | 353,099.49 | 387,669.71 | 353,099.49 | 376,907.56 |\n|  |  | 266,952.09 19,034.81 | 247,877.75 | 233,548.70 | 266,952.09 | 233,548.70 | 244,021.51 |\n|  | Vehicle Financing |  | 18,774.01 | 16,837.60 | 19,034.81 | 16,837.60 | 18,016.04 |\n|  | Other Lending Activities | 21,044.22 | 20,592.57 | 19,180.21 | 21,044.22 | 19,180.21 | 19,157.39 |\n|  | Broking | 25,503.57 | 23,942.71 | 22,523.80 | 25,503.57 | 22,523.80 | 16,943.98 |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 9, "section": "S\nkotak", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "27fb9ec1562f89a8", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: S\nkotak > Total Capital and Liabilities \n912,952.41 \n888,188.98 \n804,981.23 \n912,952.41 \n804,981.23 \n879,774.34 \nas per Balance Sheet \n. .. \nSegment results are net of segment revenues and segment expenses including 1nterd1v1s1onal items.· | Page: 10\n\n|  |  | Quarter ended 30-Sep-25 30-Jun-25 30-Sep-24 {Unaudited) {Unaudited) (Unaudited) 262.19 220.18 402.39 |  |  | Half vear ended |  |  |\n|---|---|---|---|---|---|---|---|\n|  |  |  |  | 30-Sep-24 (Unaudited) | • 30-Sep-25 (Unaudited) | 30-Sep-24 {Unaudited\\ |  |\n|  | Advisory and Transactional Services | 262.19 |  | 402.39 | 262.19 | 402.39 |  |\n|  | Asset Management | 783.41 | 658.79 89,894.64 966,449.54 | 945.07 | 783.41 | 945.07 | 716.44 87,317.44 968,128.19 |\n|  | Insurance | 91,493.45 |  | 82,514.27 | 91,493.45 | 82,514.27 |  |\n|  | Sub-total | 994,454.35 |  | 887,777.75 | 994,454.35 | 887,777.75 |  |\n|  | Less: inter-segment liabilities | 252,215.20 | 246,498.80 | 232,549.20 | 252,215.20 | 232,549.20 | 247,876.32 |\n|  | Total Add: Unallocated liabilities Add: Share Capital, Reserves & Surplus & Minority Interest' | 742,239.15 | 719,950.74 | 655,228.55 | 742,239.15 | 655,228.55 | 720,251.87 |\n|  |  | 2,778.02 | 3,335.46 | 2,538.63 | 2,778.02 | 2,538.63 | 2,127.38 |\n|  |  | 167,935.24 | 164,902.78 | 147,214.05 | 167,935.24 | 147,214.05 | 157,395.09 |\n|  | Total Capital and Liabilities as per Balance Sheet | 912,952.41 | 888,188.98 | 804,981.23 | 912,952.41 . .. | 804,981.23 879,774.34 |  |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "S\nkotak", "subsection": "Total Capital and Liabilities \n912,952.41 \n888,188.98 \n804,981.23 \n912,952.41 \n804,981.23 \n879,774.34 \nas per Balance Sheet \n. .. \nSegment results are net of segment revenues and segment expenses including 1nterd1v1s1onal items.·", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "1499c2a361f0d1e2", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: S\nkotak > Total Capital and Liabilities \n912,952.41 \n888,188.98 \n804,981.23 \n912,952.41 \n804,981.23 \n879,774.34 \nas per Balance Sheet \n. .. \nSegment results are net of segment revenues and segment expenses including 1nterd1v1s1onal items.· | Page: 10\n\n|  | As at 30-Sep-25 {Unaudited) | As at 30-Sep-24 {Unaudited) |  |\n|---|---|---|---|\n| CAPITAL AND LIABILITIES |  | 994.06 |  |\n| Capital | 994.30 |  | 994. l l |\n| Employees' Stock Options (Grants) Outstanding | l 00.18 | 104.25 | 94.27 |\n| Reserves and Surplus | 166,940.94 | 146,219.99 | 156,400.97 |\n| Deposits | 524,499.69 | 457,591.04 | 494,707.48 |\n| Borrowings | 82,700.03 | 77,070.95 | 97,622.03 |\n| Policyholder's Funds | 89,849.11 | 80,722.14 | 85,121.06 |\n| Other Liabilities and Provisions | 47,868.16 | 42,278.80 | 44,834.42 |\n| TOTAL | 912,952.41 | 804,981.23 | 879,774.34 |\n| ASSETS |  |  |  |\n| Cash and balances with Reserve Bank of India | 36,629.90 | 27,012.25 | 41,748.35 |\n| Balances with Banks and Money at Call and Short Notice | 27,291.04 | 19,088.59 273,267.57 | 37,313.40 |\n| Investments | 284,843.25 |  | 284,255.00 486,165.52 2,810.80 |\n| Advances | 529,416.28 | 458,464.74 |  |\n| Fixed Assets | 2,838.34 | 2,658.13 |  |\n| Other Assets | 30,985.84 | 23,542.19 | 26,533.51 947.76 |\n| Goodwill on consolidation | 947.76 | 947.76 |  |\n| TOTAL | 912,952.41 | 804,981.23 | 879,774.34 |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "S\nkotak", "subsection": "Total Capital and Liabilities \n912,952.41 \n888,188.98 \n804,981.23 \n912,952.41 \n804,981.23 \n879,774.34 \nas per Balance Sheet \n. .. \nSegment results are net of segment revenues and segment expenses including 1nterd1v1s1onal items.·", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "4dfaf20f6381ad9b", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: ~\nkotak | Page: 11\n\n| Particulars | Half Year ended |  | Year ended |\n|---|---|---|---|\n|  | 30-Sep-25 (Unaudited) | 30-Sep-24 (Unaudited) | 31-Mar-25 (Audited) |\n| CASH FLOW FROM OPERATING ACTIVITIES |  |  |  |\n| Net Profit after tax and before share in profit/(loss) of Associates | 8,875.07 | 12,397.17 | 21,945.74 |\n| Add: Provision for tax | 3,141.10 | 4,060.68 | 7,043.29 |\n| Net Profit before taxes | 12,016.17 | 16,457.85 | 28,989.03 |\n| Adjystmeats for:- |  |  |  |\n| Employee Stock Options Expense | 22.47 | 27.04 | 36,69 |\n| Depreciation on Group's Property Provision for Diminution/ (Write back) in the value of Investments | 503.15 | 454.25 | 940.91 |\n|  | (40.62) | (9.57) | 93.65 |\n| (Profit) / Loss on revaluation of investments (net) | (395.39) | (2,446.53) | 192.78 |\n| Profit on sale of investment in subsidiary | - | (3,803.40) | (3,803.40) |\n| (Profit)/ Loss on sale of Investments (net) | (2,133.97) | (3,375.13) | (4,730.27) |\n| Amortisation of Premium on Investments | 21.70 | (533.94) | 15.17 |\n| Provision for Non-Performing Assets, Standard Assets and Other Provisions | 2,416.21 | 1,674.37 | 3,765.59 |\n| Profit on sale of Fixed Assets | (1.05) | (40.38) | (45.80) |\n|  | 12,408.67 | 8,404.56 | 25,454.35 |\n| Adjystments for:- (Increase)/ Decrease in investments -Available for Sale, Held for Trading and Stock-in-Trade |  |  | (685.57) |\n|  | 9,777.84 | 2,396.84 |  |\n| Increase in Advances | (45,401.02) | (29,668.35) | (59,396.48) |\n| Increase in Other Assets | (4,442.73) | (2,060.08) | (5,150.94) |\n| Increase in Deposits | 29,792.21 | 12,322.28 | 49,438.72 |\n| Increase in Policyholders' Funds | 4,728.05 | 7,346.55 | 11,745.46 |\n| Increase/ (Decrease) in Other Liabilities and Provisions | 2,128.52 | (1,059.14) | 1,848.90 |\n| Subtotal | (3,417.13) | (10,721.90) | (2,199.91) |\n| Direct Taxes Paid | (2,872.41) | (1,300.49) | (6,338.71) |\n| NET CASH FLOW FROM/ (USED IN) OPERATING ACTIVITIES (A) | 6,119.13 | (3,617.83) | 16,915.73 |\n| CASH FLOW FROM INVESTING ACTIVITIES |  |  |  |\n| Purchase of Fixed Assets | (517.69) | (632.91) | (1,212.85) |\n| Sale of Fixed assets | 12.74 | 52.90 | 64.76 |\n| Proceeds from sale of investment in subsidiary (net) | - | 4,073.08 | 4,073.08 |\n| Increase in Other Investments (including investment in HTM securities) | (5,526.35) | (20,566.79) | (28,197.08) |\n| NET CASH FLOW FROM/ (USED IN) INVESTING ACTIVITIES (B) | (6,031.30) | (17,073.72) | (25,272.09) |\n| CASH FLOW FROM FINANCING ACTIVITIES |  |  |  |\n| Dividend paid | (497.10) | (397.62) | (397.62) |\n| Money received on issue of Equity Shares/ exercise of stock options | 66.05 | 27.59 | 46.40 |\n| Increase/ (Decrease) in borrowings | (14,922.00) | 1,965.35 | 22,516.42 |\n| NET CASH FLOW FROM/ (USED IN) FINANCING ACTIVITIES (C) | (15,353.05) | 1,595.32 | 22,165.20 |\n| Increase in Foreign Currency Translation Reserve (D) | 124.41 | 13.92 | 69.76 |\n| NET INCREASE/ (DECREASE) IN CASH AND CASH EQUIVALENTS (A+ B + C + D) | (15,140.81) | (19,082.31) | 13,878.60 |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "~\nkotak", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "fc092f8c2ab28d8e", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: ~\nkotak > September, 2024, z (40.63) crore for half ended 30th September, 2025, z (9.33) crore for half year ended 301h September, 2024 \nand z 46.90 crore for the year ended 31st March, 2025. | Page: 12\n\n|  | Half Year ended 30-Sep-25 30-Sep-24 (Unaudited) (Unaudited) |  | Year ended |\n|---|---|---|---|\n|  |  | 30-Sep-24 (Unaudited) | 31-Mar-25 (Audited) |\n| CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR | 79,061.75 | 65,206.39 | 65,206.39 |\n| Reduction due to deconsolidation of subsidiary during the year | - | (23.24) | (23.24) |\n| CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD/ YEAR | 63,920.94 | 46,100.84 | 79,061.75 |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "~\nkotak", "subsection": "September, 2024, z (40.63) crore for half ended 30th September, 2025, z (9.33) crore for half year ended 301h September, 2024 \nand z 46.90 crore for the year ended 31st March, 2025.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "493e8b0b856615f6", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: ~\nkotak > September, 2024, z (40.63) crore for half ended 30th September, 2025, z (9.33) crore for half year ended 301h September, 2024 \nand z 46.90 crore for the year ended 31st March, 2025. | Page: 13\n\n| . | On 18th June 2024, the Bank had completed | the divestmen | t of 70% stake (th | rough a comb | ination of | fresh grow | th capital and |\n|---|---|---|---|---|---|---|---|\n|  | share sale) in its subsidiary Kotak Mahindra | General Insura | nce Company Limi | ted (\"KGI\") to | Zurich Ins | urance Com | pany Limited |\n|  | (\"Zurich\"). The Bank sold 553,181,595 equity | shares of KG | I for a considerati | on of~ 4,095. | 82 crore r | esulting in | net gain from |\n|  | such sale of~ 3,803.40 crore (pre-tax) consi | dering the car | rying value of inve | stment in con | solidated th | financials. | Profit on sale |\n|  | of shares of KGI has been disclosed as an ex the year ended 31st March, 2025. Consequen | ceptional item t to this sale, K | in the results for GI ceased to be a | the half year e subsidiary of | nded 30 the Bank a | September nd became | , 2024 and for an Associate |\n|  | with effect from 181h June, 2024. The Bank c | ontinues to h | old the remaining | 30% of the sh | are capital | of Zurich | Kotak General |\n|  | Insurance Company India Limited (ZKGI) (fo | rmerly known | as Kotak Mahindr | a General Insu | rance Com | pany Limi | ted) as at 301h |\n|  | September, 2025. |  |  |  |  |  |  |\n| 8. | In accordance with the RBI guidelines, Bank | s are required | to make consolid | ated Pillar 3 d | isclosures | including | leverage ratio, |\n|  | liquidity coverage ratio and Net Stable Fun | ding Ratio (\"N | SFR\") under the B | asel Ill Frame | work. The | se disclos | ures would be |\n|  | made available on the Bank's website at | the following | link: https://ww | w.kotak.com/ | en/inves | tor-relatio | ns/financial |\n|  | results/regulatory-disclosure.html on pu | blication of r | esults. These dis | closures hav | e not bee | n subjecte | d to audit or |\n|  | limited review. |  |  |  |  |  |  |\n| 9. | During the quarter ended 31st March, 2025 f | or purpose of | Consolidation, the | Group entitie | s (other th | an the insu | rance entities |\n|  | which continue to follow the IRDAI guideli | nes applicable | to them), had ali | gned with the | Master D | irection - | Classification, |\n|  | Valuation and Operation of Investment Port | folio of Comm | ercial Banks (Dire | ctions), 2023 | dated 1211 | 1 Septembe | r, 2023 which |\n|  | was applicable to Banks from 1st April, 2024 | . |  |  |  |  |  |\n|  | Subsequent changes in fair value of perfor | ming investme | nts under Availabl | e for Sale (\"A | FS\") and | Fair Value | Through Profit |\n|  | and Loss (\"FVTPL\") (including Held For Trad | ing (\"HFT\")) c | ategories have bee | n recognised | through A | FS reserve | and Profit and |\n|  | Loss Account respectively. Accordingly, the | amounts for p | rior periods are no | t comp1:1rable. |  |  |  |\n| 10 . | The National Company Law Tribunal (NCL T) | has approved | the Scheme of Am | algamation (\" | Scheme\") | of Sonata F | inance Private |\n|  | Limited (\"Sonata\") with BSS Microfinance L | imited (\"BSS\") | , both, wholly-own | ed subsidiari | es of the | Bank, on a | going concern |\n|  | basis, under the provisions of Sections 230 | to 232 of the | Companies Act, 2 | 013 and the r | ules made | thereunde | r. The scheme |\n|  | has been made effective on and from 11th | October, 2025 | with appointed d | ate of 1st Apr | il, 2025. C | onsequentl | y, Sonata has |\n|  | merged with BSS with effect from 1 llh Oc | tober, 2025. T | he resultant merg | er has no im | pact on th | e consolid | ated financial |\n|  | statements of the Bank, as both the entities | were wholly-o | wned subsidiaries | of the Bank. |  |  |  |\n| 11. | There has been no change in the significan | t accounting p | olicies during the | quarter and h | alf year en | th ded 30 Se | ptember, 2025 |\n|  | as compared to those followed for the year | ended 31st M | arch, 2025. |  |  |  |  |\n| 12. | Figures for the previous periods / year have | been regroup | ed / reclassified w | herever neces | sary to co | nform to c | urrent period's |\n|  | presentation. |  |  |  |  |  |  |\n|  |  |  |  | By order of th | e Board o | f Directors |  |\n|  |  |  |  | For Kotak M | ahindra Ba | nk Limited |  |\n|  |  |  |  | ~ |  | ~ |  |\n|  |  |  |  | Ashok Vasw | ani |  |  |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "~\nkotak", "subsection": "September, 2024, z (40.63) crore for half ended 30th September, 2025, z (9.33) crore for half year ended 301h September, 2024 \nand z 46.90 crore for the year ended 31st March, 2025.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "a0e5f180ee88bbf4", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: I.; \n~ \nc:/' \n!::: \nCH \nERED \nCJ) \n0 ACCO \nTANIS /\"TJ \n~ \n;::-\nQ \n0 \n* | Page: 14\n\n|  | D | eloitte Haskins & Se | lls |  | M | M NISSIM & CO | LLP |\n|---|---|---|---|---|---|---|---|\n|  | 1 | 9th Floor, Shapath-V |  |  | Ba | rodawala Mansion |  |\n|  | S. | G. Highway |  |  | B- | Wing, 3rd Floor, 8 | 1 |\n|  | A | hmedabad - 380 015 |  |  | Dr. | Annie Besant Ro | ad |\n|  | G | ujarat, India |  |  | Wo | rli, Mumbai - 40 | 0 018 |\n|  | T | el: +91 79 6682 7300 |  |  |  |  |  |\n|  | F | ax: +91 79 6682 7400 |  |  |  |  |  |\n|  | In | dependent Auditors' | Review Repo | rt on unaud | ited s | tandalone finan | cial results |\n|  | for | the quarter and hal | f year ended | 30 Septem | ber 20 | 25 of Kotak Mah | indra Bank |\n|  | Li | mited pursuant to Re | gulation 33 a | nd Regulati | on 52 r | ead with Regul | ation 63(2) |\n|  | of | the Securities and E | xchange Boar | d of India (L | isting | Obligations and | Disclosure |\n|  | Re | quirements) Regula | tions, 2015, a | s amended. |  |  |  |\n|  | To | the Board of Directo | rs of Kotak M | ahindra Ba | nk Lim | ited |  |\n| 1 | . | We have reviewed th | e accompanyin | g Statemen | t of un | audited standalo | ne financial |\n|  |  | results of Kotak Mahi | ndra Bank Li | mited (the \" | Bank\") | for the quarter an | d half year |\n|  |  | ended 30 September, | 2025 (the \"Sta | tement\"), be | ing sub | mitted by the Ba | nk pursuant |\n|  |  | to the requirement of | Regulation 33 | and Regulati | on 52 r | ead with Regulati | on 63(2) of |\n|  |  | the Securities and E | xchange Board | of India ( | Listing | Obligations and | Disclosure |\n|  |  | Requirements) Regula | tions, 2015, as | amended (t | he \"Lis | ting Regulations\" | ) except for |\n|  |  | the disclosures relatin | g to consolidat | ed Pillar 3 a | s at 30 | September 202 | 5, including |\n|  |  | leverage ratio, liquidit | y coverage rat | io and net s | table f | unding ratio und | er Basel III |\n|  |  | Capital Regulations as | have been dis | closed on th | e Bank | 's website and in | respect of |\n|  |  | which a link has been | provided in Not | e 7 of the Sta | tement | and have not bee | n reviewed |\n|  |  | by us. We have initiall | ed the Stateme | nt for identif | ication | purposes only. |  |\n| 2 | . | This Statement, which | is the respon | sibility of the | Bank's | Management an | d approved |\n|  |  | by the Board of Direct | ors, has been | prepared in a | ccorda | nce with the reco | gnition and |\n|  |  | measurement principl | es laid down | in Accountin | g Stan | dard 25 \"Interi | m Financial |\n|  |  | Reporting\" (\"AS 25\"), | prescribed und | er Section 1 | 33 of th | e Companies Act | , 2013 read |\n|  |  | with relevant rules iss | ued thereunde | r, in so far a | s they | apply to Banks, t | he relevant |\n|  |  | provisions of the Bank | ing Regulation | Act, 1949, th | e circul | ars, guidelines an | d directions |\n|  |  | issued by the Reserve | Bank of India | (RBI) from | time to | time. (the \"RBI | Guidelines\") |\n|  |  | and other accounting | principles gen | erally accept | ed in In | dia, and in comp | liance with |\n|  |  | Regulation 33 and Reg | ulation 52 read | with Regula | tion 63( | 2) of the Listing | Regulations. |\n|  |  | Our responsibility is to | express a con | clusion on th | e State | ment based on o | ur review. |\n| 3 | . | We conducted our revi | ew of the State | ment in acco | rdance | with the Standar | d on Review |\n|  |  | Engagements (SRE) 2 | 410 'Review o | f Interim Fina | ncial In | formation Perfor | med by the |\n|  |  | Independent Auditor o | f the Entity', is | sued by the I | nstitute | of Chartered Acc | ountants of |\n|  |  | India. This standard re | quires that we | plan and pe | rform th | e review to obtai | n moderate |\n|  |  | assurance as to wheth | er the Statem | ent is free of | materi | al misstatement. | A review is |\n|  |  | limited primarily to in | quiries of bank' | s personnel | and ana | lytical procedure | s applied to |\n|  |  | financial data and thus | provides less | assurance th | an an a | udit. We have no | t performed |\n|  |  | an audit and accordin | gly, we do not | express an a | udit opi | nion. |  |\n| 4 | . | Based on our review c | onducted as st | ated in para | graph 3 | above, nothing h | as come to |\n|  |  | our attention that cau | ses us to believ | e that the ac | compa | nying Statement, | prepared in |\n|  |  | accordance with the | recognition an | d measurem | ent pri | nciples laid dow | n in AS 25 |\n|  |  | prescribed under Sect | ion 133 of the | Companies | Act, 2 | 013 read with rel | evant rules |\n| -,<, ,.,-c:;f:>;-. 5 0 '<' | ;' ,i, | issued thereunder, in ccounting principles uired to be disclo | so far as they generally acce sed in terms | apply to B pted in India of Regulatio | anks, t , has n n 33 a | he RBI Guideline ot disclosed the nd Regulation 52 | s and other information read with |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "I.; \n~ \nc:/' \n!::: \nCH \nERED \nCJ) \n0 ACCO \nTANIS /\"TJ \n~ \n;::-\nQ \n0 \n*", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "96981548397a06ba", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: I.; \n~ \nc:/' \n!::: \nCH \nERED \nCJ) \n0 ACCO \nTANIS /\"TJ \n~ \n;::-\nQ \n0 \n* > G.K.S \nPartner \nMembership No. 109839 \nUDIN:151.DC\\S :'>9~MO\\= Z W 54-40 \nPlace: Mumbai \nDate: 25 October 2025 | Page: 15\n\n| eloitte Haskin | s & Sells |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|\n| Regulation 63( | 2) of the Listing | Reg | ulations, in | cluding the | man | ner in which | it is to be |\n| disclosed or tha | t it contains any | mat | erial missta | tement or th | at it | has not bee | n prepared |\n| in accordance | with the relevant | pru | dential nor | ms issued by | the | Reserve Ba | nk of India |\n| ('RBI') in resp | ect of Income re | cog | nition, asse | t classificatio | n, | provisioning | and other |\n| related matter | s, except for the | dis | closures rel | ating to con | soli | dated Pillar | 3 as at 30 |\n| September 20 | 25, including lev | era | ge ratio, li | quidity cove | rage | ratio and | net stable |\n| funding ratio u | nder Basel III Ca | pital | Regulation | s as have be | en d | isclosed on | the Bank's |\n| website and in | respect of which | a li | nk has bee | n provided i | n N | ote 7 to the | Statement |\n| and have not b | een reviewed by | us. |  |  |  |  |  |\n| The unaudited | standalone finan | cial | results of t | he Bank for | the | quarter end | ed 30 June |\n| 2025 and the | corresponding q | uart | er and half | year ended | 30 | September | 2024 were |\n| reviewed by KK | C & Associates L | LP a | nd Deloitte | Haskins & S | ells | whose repo | rt dated 26 |\n| July 2025 and | 19 October 2024 | res | pectively, | expressed an | un | modified co | nclusion on |\n| those unaudite | d standalone fin | anci | al results a | nd the stand | alon | e financial | statements |\n| of the Bank for | the year ended | 31 | March 2025 | were audite | d by | KKC & Ass | ociates LLP |\n| and Deloitte H | askins & Sells wh | ose | report date | d 3 May 202 | 5 ex | pressed an | unmodified |\n| opinion on tho | se audited standa | lon | e financial s | tatements. | Acco | rdingly, M | M NISSIM & |\n| CO LLP does | not express an | y co | nclusion/op | inion on th | e fi | gures repor | ted in the |\n| Statement for | the quarter ende | d 30 | June 2025 | and the corr | esp | onding quar | ter and half |\n| year ended 30 | September 2024 | and | for the ye | ar ended 31 | Mar | ch 2025. |  |\n| Our Conclusion | on the stateme | nt is | not modifi | ed in respect | of t | his matter. |  |\n| For Deloitte Ha | skins & Sells |  |  | For M M NIS | SI | M & CO LLP |  |\n| Chartered Accou Firm Registratio | ntants n No. 117365W) |  |  | Chartered A (Firm Regist | ccou ratio | ntants n No. 1071 | 22W/W100 |\n| G.K.S |  |  |  | Sanjay Khe | ma | ni |  |\n| Partner |  |  |  | Partner Membership | No. | 044577 |  |\n| Membership No. UDIN:151.DC\\S | 109839 :'>9~MO\\= Z W 5 | 4-4 | 0 | UDIN: 2.504 | 45': | J-=f-0/Yl o8F-/8 | -=1-2-0 |\n| Place: Mumbai |  |  |  | Place: Mumb | ai |  |  |\n| Date: 25 Octobe | r 2025 |  |  | Date: 25 Oc | tobe | r 2025 |  |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "I.; \n~ \nc:/' \n!::: \nCH \nERED \nCJ) \n0 ACCO \nTANIS /\"TJ \n~ \n;::-\nQ \n0 \n*", "subsection": "G.K.S \nPartner \nMembership No. 109839 \nUDIN:151.DC\\S :'>9~MO\\= Z W 54-40 \nPlace: Mumbai \nDate: 25 October 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "95db12289a49e727", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: I.; \n~ \nc:/' \n!::: \nCH \nERED \nCJ) \n0 ACCO \nTANIS /\"TJ \n~ \n;::-\nQ \n0 \n* > Paid up equity share capital - (of Face \n994.30 \n994.16 \n994.06 \n994.30 \n994.06 \nValue f 5 per share) \nReserves (excluding revaluation \nreserves) \nAnalvtical Ratios \n(i) \nPercentage of shares held by \nGovernment of India \n-\n-\n-\n-\n- | Page: 16\n\n| Sr No | Particulars | Quarter ended |  |  | Half vear ended 30-Sep-25 30-Sep-24 I Unaudited\\ /Unaudited\\ |  | Year ended |\n|---|---|---|---|---|---|---|---|\n|  |  | 30-Sep-25 (Unaudited) | 30-Jun-25 (Unaudited) | 30-Sep-24 (Unaudited\\ |  |  | 31-Mar-25 (Audited) |\n| 1 | Interest earned (a+b+c+dl | 13,649.41 | 13,836.54 | 13,216.27 | 27,485.95 | 25,962.38 | 52,919.73 |\n|  | (a) lnteresUdiscount on advances/ bills | 10,605.13 | 10,614.51 | 10,132.72 | 21,219.64 | 19,911.99 | 40,746.17 |\n|  | (bl Income on investments | 2,661.37 | 2,869.27 | 2,771.91 | 5,530.64 | 5,364.09 | 10,828.90 |\n|  | (c) Interest on balances with Reserve Bank of India (RBI) & other interbank funds | 235.19 | 219.02 | 224.47 | 454.21 | 496.27 | 894.53 |\n| 2 | (dl Others Other income (Refer Note 2) | 147.72 | 133.74 | 87.17 | 281.46 | 190.03 | 450.13 |\n|  |  | 2,589.18 | 3,079.98 | 2,684.19 | 5,669.16 | 5,613.23 | 11,418.49 |\n| 3 | Total income (1+2) | 16,238.59 | 16,916.52 | 15,900.46 | 33,155.11 | 31,575.61 | 64,338.22 |\n| 4 | Interest expended | 6,338.67 | 6,577.25 | 6,196.66 | 12,915.92 | 12,100.42 | 24,577.95 |\n| 5 | Operating expenses (a+b) | 4,631.65 | 4,775.58 | 4,604.55 | 9,407.23 | 9,121.83 | 18,753.70 |\n|  | /a\\ Emolovee cost | 1,979.53 | 2,065.52 | 1,951.39 | 4,045.05 | 3,821.89 | 7,880.63 |\n|  | /b\\ Other ooeratina exoenses | 2,652.12 | 2,710.06 | 2,653.16 | 5,362.18 | 5,299.94 | 10,873.07 |\n| 6 | Total expenditure (4+5) (excluding provisions & continQenciesl Operating profit (3-6) (Profit before provisions and continaencies) | 10,970.32 | 11,352.83 | 10,801.21 | 22,323.15 | 21,222.25 | 43,331.65 |\n| 7 |  | 5,268.27 | 5,563.69 | 5,099.25 | 10,831.96 | 10,353.36 | 21,006.57 |\n| 8 | Provisions (other than tax) and contingencies (Refer Note 4) | 947.42 | 1,207.76 | 660.39 | 2,155.18 | 1,238.87 | 2,942.36 |\n| 9 | Exceotional items (Refer Note 5\\ | - | - | - | - | 3,519.90 | 3,519.90 |\n| 10 | Profit from ordinary activities before tax (7-8+9) | 4,320.85 | 4,355.93 | 4,438.86 | 8,676.78 | 12,634.39 | 21,584.11 |\n| 11 | Tax expense | 1,067.52 | 1,074.25 | 1,095.14 | 2,141.77 | 3,040.85 | 5,134.03 |\n| 12 | Net Profit from ordinary activities after tax(10-11) | 3,253.33 | 3,281.68 | 3,343.72 | 6,535.01 | 9,593.54 | 16,450.08 |\n| 13 | Extraordinary items (net of tax exoense\\ Net Profit (12-13) | - | - | - | - | - | - |\n| 14 |  | 3,253.33 | 3,281.68 | 3,343.72 | 6,535.01 | 9,593.54 | 16,450.08 |\n| 15 | Paid up equity share capital -(of Face Value f 5 per share) | 994.30 | 994.16 | 994.06 | 994.30 | 994.06 | 994.11 |\n| 16 | Reserves (excluding revaluation reserves) |  |  |  |  |  | 116,151.51 |\n| 17 | Analvtical Ratios |  |  |  |  |  |  |\n|  | (i) Percentage of shares held by Government of India | - | - | - | - | - | - |\n|  | (ii) Caoital adeauacv ratio -Basel Ill/%\\ | 22.05 | 23.00 | 22.61 | 22.05 | 22.61 | 22.25 |\n|  | (iii) Earnings per equity share before and after extraordinary items (net of tax expense) |  |  |  |  |  |  |\n|  | - Basic (not annualised) f | 16.36 | 16.51 | 16.82 | 32.87 | 48.26 | 82.74 |\n|  | - Diluted (not annualised) f | 16.36 | 16.50 | 16.82 | 32.86 | 48.26 | 82.74 |\n|  | (iv) NPA Ratios |  |  |  |  |  |  |\n|  | a) Gross NPA | 6,479.58 | 6,637.70 | 6,033.17 | 6,479.58 | 6,033.17 | 6,133.85 |\n|  | b\\ Net NPA | 1,490.98 | 1,530.93 | 1,723.83 | 1,490.98 | 1,723.83 | 1,343.44 |\n|  | c) % of Gross NPA to Gross Advances | 1.39 | 1.48 | 1.49 | 1.39 | 1.49 | 1.42 |\n|  | d\\ % of Net NPA to Net Advances | 0.32 | 0.34 | 0.43 | 0.32 | 0.43 | 0.31 |\n|  | (v) Return on average Assets (%) - (not annualised) | 0.47 | 0.48 | 0.55 | 0.96 | 1.59 | 2.65 |\n|  | (vi) Debt-Eauitv ratio /Refer Note 6.a\\ | 0.19 | 0.17 | 0.24 | 0.19 | 0.24 | 0.41 |\n|  | (vii) Total Debts to Total Assets(%) (Refer Note 6.a) | 3.38 | 3.07 | 4.25 | 3.38 | 4.25 | 6.98 |\n|  | /viii\\ Net worth (Refer Note 6.a\\ | 124,796.64 | 123,168.20 | 110,393.10 | 124,796.64 | 110,393.10 | 116,897.69 |\n|  | (ix) Outstanding redeemable oreference shares /auantitv and value\\ /xl Caoital redemotion reserve | - |  | - | - | - | - |\n|  |  | 500.00 | 500.00 | 500.00 | 500.00 | 500.00 | 500.00 |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "I.; \n~ \nc:/' \n!::: \nCH \nERED \nCJ) \n0 ACCO \nTANIS /\"TJ \n~ \n;::-\nQ \n0 \n*", "subsection": "Paid up equity share capital - (of Face \n994.30 \n994.16 \n994.06 \n994.30 \n994.06 \nValue f 5 per share) \nReserves (excluding revaluation \nreserves) \nAnalvtical Ratios \n(i) \nPercentage of shares held by \nGovernment of India \n-\n-\n-\n-\n-", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "03bf3aa3bec93d23", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: I.; \n~ \nc:/' \n!::: \nCH \nERED \nCJ) \n0 ACCO \nTANIS /\"TJ \n~ \n;::-\nQ \n0 \n* > -\n693,624.18 | Page: 17\n\n| Corporate/Wholesale Banking |\n|---|\n| Retail Bankino |\n| Digital Banking Other Retail Bankino Treasury, BMU and Corporate Centre |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "I.; \n~ \nc:/' \n!::: \nCH \nERED \nCJ) \n0 ACCO \nTANIS /\"TJ \n~ \n;::-\nQ \n0 \n*", "subsection": "-\n693,624.18", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "a87586f59e156b48", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: I.; \n~ \nc:/' \n!::: \nCH \nERED \nCJ) \n0 ACCO \nTANIS /\"TJ \n~ \n;::-\nQ \n0 \n* > -\n693,624.18 | Page: 17\n\n|  | Particulars | Quarter ended |  |  | Half vear ended |  | Year ended |\n|---|---|---|---|---|---|---|---|\n|  |  | 30-Sep-25 (Unaudited\\ | 30-Jun-25 (Unaudited\\ | 30-Sep-24 (Unaudited) | 30-Sep-25 (Unaudited\\ | 30-Sep-24 /Unaudited\\ | 31-Mar-25 (Audited) |\n| 1 | Seament Revenue |  |  |  |  |  |  |\n|  | a. Corporate/ Wholesale Banking b. Retail Banking* | 6,699.89 | 6,267.06 | 6,231.81 | 12,966.95 | 12,017.87 | 24,786.28 |\n|  |  | 8,343.93 | 8,650.55 | 8,278.12 | 16,994.48 | 16,223.76 | 33,829.72 |\n|  | (i) Digital Banking | 563.25 | 545.41 | 520.48 | 1,108.66 | 1,024.45 | 2,171.33 |\n|  | (ii) Other Retail Banking | 7,780.68 | 8,105.14 | 7,757.64 2,936.02 | 15,885.82 | 15,199.31 | 31,658.39 |\n|  | C. Treasury, BMU and Corporate Centre | 2,832.67 | 3,721.93 |  | 6,554.60 | 6,142.16 | s11,703.39 |\n|  | d. Other Banking business | - | - | - | - | - | - |\n|  | Sub-total | 17,876.49 | 18,639.54 | 17,445.95 | 36,516.03 | 34,383.79 | 70,319.39 |\n|  | Less: Inter-segmental revenue | 1,637.90 | 1,723.02 | 1,545.49 | 3,360.92 | 2,808.18 | 5,981.17 |\n|  | Total | 16,238.59 | 16,916.52 | 15,900.46 | 33,155.11 | 31,575.61 | 64,338.22 |\n| 2 | Segment Results |  |  |  |  |  |  |\n|  | a. Corporate/ Wholesale Banking | 1,984.54 | 1,878.07 | 1,965.53 | 3,862.61 | 3,609.47 | 7,890.16 |\n|  | b. Retail Banking* | 1,437.76 | 1,080.20 | 1,397.16 | 2,517.96 | 2,835.46 | 5,858.18 |\n|  | (i) Digital Banking | 10.75 | 1. 71 | 86.63 | 12.46 | 144.57 | 284.45 |\n|  | (ii) Other Retail Banking | 1,427.01 | 1,078.49 | 1,310.53 | 2,505.50 | 2,690.89 | 5,573.73 |\n|  | C. Treasury, BMU and Corporate Centre# d. Other Banking business | 898.55 | 1,397.66 | 1,076.17 | 2,296.21 | 6,189.46 | 7,835.77 |\n|  |  | - | - | - | - | - | - |\n|  | Total Profit Before Tax | 4,320.85 | 4,355.93 | 4,438.86 | 8,676.78 | 12,634.39 | 21,584.11 |\n| 3 | Seqment Assets a. Corporate I Wholesale Banking b. Retail Bankino* |  |  |  |  |  |  |\n|  |  | 298,530.28 | 277,461.84 | 257,744.98 | 298,530.28 | 257,744.98 | 274,494.22 |\n|  |  | 459,311.00 | 452,760.73 | 414,960.37 | 459,311.00 | 414,960.37 | 443,829.55 |\n|  | (i) Digital Banking | 123.77 | 51.59 | 32.69 | 123.77 | 32.69 | 52.99 |\n|  | (ii) Other Retail Banking | 459,187.23 | 452,709.14 | 414,927.68 | 459,187.23 | 414,927.68 | 443,776.56 |\n|  | c. Treasury, BMU and Corporate Centre | 195,572.05 | 199,726.94 | 177,882.76 | 195,572.05 | 177,882.76 | 217,430.77 - |\n|  | d. Other Banking business Sub-total | - | - | - | - | - |  |\n|  |  | 953,413.33 | 929,949.51 | 850,588.11 | 953,413.33 | 850,588.11 | 935,754.54 |\n|  | Less : Inter-segmental Assets Total | 246,446.42 | 240,940.80 | 227,379.70 | 246,446.42 | 227,379.70 | 242,130.36 |\n|  |  | 706,966.91 | 689,008.71 | 623,208.41 | 706,966.91 | 623,208.41 | 693,624.18 |\n|  | Add : Unallocated Assets Total Assets as per Balance Sheet Segment Liabilities | - | - | - | - | - | - |\n|  |  | 706,966.91 | 689,008.71 | 623,208.41 | 706,966.91 | 623,208.41 | 693,624.18 |\n| 4 |  |  |  |  |  |  |  |\n|  | a. Corporate / Wholesale Banking | 266,952.09 | 247,877.75 | 233,548.70 | 266,952.09 | 233,548.70 | 244,021.51 |\n|  | b. Retail Banking* | 409,322.11 | 404,213.28 | 370,125.07 | 409,322.11 | 370,125.07 17,025.58 353,099.49 | 395,970.73 |\n|  | (i) Digital Banking | 21,652.40 | 19,904.26 | 17,025.58 | 21,652.40 |  | 19,063.17 |\n|  | (ii) Other Retail Banking | 387,669.71 | 384,309.02 | 353,099.49 | 387,669.71 |  | 376,907.56 |\n|  | c. Treasurv, BMU and Corporate Centre | 150,851.52 | 152,769.93 | 135,027.87 | 150,851.52 | 135,027.87 - | 177,867.83 |\n|  | d. Other Banking business | - | - | - | - |  | - |\n|  | Sub-total | 827,125.72 | 804,860.96 | 738,701.64 | 827,125.72 | 738,701.64 | 817,860.07 |\n|  | Less : Inter-segmental Liabilities Total | 246,446.42 | 240,940.80 | 227,379.70 | 246,446.42 | 227,379.70 | 242,130.36 575,729.71 |\n|  |  | 580,679.30 | 563,920.16 | 511,321.94 | 580,679.30 1,130.20 | 511,321.94 |  |\n|  | Add : Unallocated liabilities Add : Share Capital & Reserves & surplusA | 1,130.20 | 1,660.35 | 1,240.90 |  | 1,240.90 | 748.85 |\n|  |  | 125,157.41 | 123,428.20 | 110,645.57 | · 125,157.41 | 110,645.57 | 117,145.62 |\n|  | Total Capital and Liabilities as per Balance Sheet | 706,966.91 | 689,008.71 | 623,208.41 | 706,966.91 | 623,208.41 | 693,624.18 |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "I.; \n~ \nc:/' \n!::: \nCH \nERED \nCJ) \n0 ACCO \nTANIS /\"TJ \n~ \n;::-\nQ \n0 \n*", "subsection": "-\n693,624.18", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "fc6059e5c4c9959b", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: ~ \nI::!: \nt \nI) \n* \n\"' \n(1 \n~ \n~ \n~ \n.... \n'?Ii. \n~ \nIIEor..c{,0 | Page: 18\n\n|  | As at |  |  |\n|---|---|---|---|\n|  | 30-Sep-25 (Unaudited) | 30-Sep-24 (Unaudited) | 31-Mar-25 (Audited) |\n| CAPITAL AND LIABILITIES |  | 994.06 |  |\n| Capital | 994.30 |  | 994.11 |\n| Employees' Stock Options (Grants) Outstanding | 100.18 124,163.11 528,776.02 | 104.25 | 94.27 |\n| Reserves and Surplus |  | 109,651.51 | 116,151.51 |\n| Deposits |  | 461,454.20 | 499,055.13 |\n| Borrowings | 23,911.11 | 26,512.49 | 48,442.76 |\n| Other Liabilities and Provisions | 29,022.19 | 24,491.90 | 28,886.40 |\n| TOTAL | 706,966.91 | 623,208.41 | 693,624.18 |\n| ASSETS |  |  |  |\n| Cash and balances with Reserve Bank of India | 36,610.14 | 26,976.49 | 41,699.19 |\n| Balances with Banks and Money at Call and Short Notice Investments | 13,181.60 | 5,611.15 | 24,079.96 |\n|  | 172,994.24 | 175,531.95 | 181,907.45 426,909.20 |\n| Advances | 462,687.61 | 399,521.64 |  |\n| Fixed Assets | 2,431.91 | 2,238.09 | 2,358.86 |\n| Other Assets | 19,061.41 | 13,329.09 | 16,669.52 |\n| TOTAL | 706,966.91 | 623,208.41 | 693,624.18 |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "~ \nI::!: \nt \nI) \n* \n\"' \n(1 \n~ \n~ \n~ \n.... \n'?Ii. \n~ \nIIEor..c{,0", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "4c212ed9d29ce50f", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: ~ \nI::!: \nt \nI) \n* \n\"' \n(1 \n~ \n~ \n~ \n.... \n'?Ii. \n~ \nIIEor..c{,0 | Page: 18\n\n|  | Half year ended |  | Year ended |\n|---|---|---|---|\n|  | 30-Sep-25 (Unaudited) | 30-Sep-24 (Unaudited) | 31-Mar-25 (Audited) |\n| CASH FLOW (USED IN)/ FROM OPERATING ACTIVITIES |  | 9,593.54 |  |\n| Profit after tax | 6,535.01 |  | 16,450.08 |\n| Add: Provision for tax | 2,141.77 | 3,040.85 12,634.39 10.55 | 5,134.03 |\n| Net Profit before taxes | 8,676.78 |  | 21,584.11 |\n| Adjustments for :- Employee Stock Options Expense |  |  |  |\n|  | 11.11 401.02 . (40.62) |  | 20.88 |\n| Depreciation on Bank's Property |  | 353.99 | 728.69 |\n| Profit on sale of investments in Subsidiaries |  | (3,519.90) | (3,519.90) |\n| Provision for (write back)/ diminution in the value of Investments |  | (9.50) | 93.65 |\n| Dividend from Subsidiaries/Joint Ventures | (448.53) 193.81 | (380.00) | (380.00) |\n| Amortization of (discount)/ premium on investment |  | (419.85) | 261.89 |\n| (Profit)/Loss on revaluation of Investments (net) | 300.18 | (486.14) | (525.20) |\n| Provision for Non-Performing Assets, Standard Assets and Other Provisions | 2,195.80 | 1,248.37 | 2,848.71 |\n| (Profit) on sale of Fixed Assets | (0.73) | (39.13) | (41.92) |\n| Adjustments for :- Decrease/ (Increase) in Investments (other than Subsidiaries, Joint ·ventures and Other HTM Investments) | 11,288.82 | 9,392.78 | 21,070.91 |\n|  | 10,843.95 | 2,490.89 | 1,375.95 |\n| (Increase) in Advances | (37,732.34) | (24,631.75) | (53,410.24) |\n| Decrease in Other Assets | (2,419.12) | 141.01 | (3,261.67) |\n| Increase in Deposits (Decrease)/lncrease in Other Liabilities and Provisions | 29,720.88 | 12,500.46 | 50,101.39 |\n|  | (429.52) | (2,998.34) | 1,611.54 |\n| Subtotal Direct Taxes Paid | (16.15) | (12,497.73) | (3,583.03) |\n|  | (2,096.30) | (2,176.18) | (4,682.35) |\n| NET C.~~ ~ ... ..!USED IN)/FROM OPERATING ACTIVITIES (A) | 9,176.37 | (5,281.13) - 12,805.53 |  |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "~ \nI::!: \nt \nI) \n* \n\"' \n(1 \n~ \n~ \n~ \n.... \n'?Ii. \n~ \nIIEor..c{,0", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "13c9fdb62abc3fcf", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: ~ \nI::!: \nt \nI) \n* \n\"' \n(1 \n~ \n~ \n~ \n.... \n'?Ii. \n~ \nIIEor..c{,0 | Page: 19\n\n| Particulars | Half year ended |  | Year ended |\n|---|---|---|---|\n|  | 30-Sep-25 (Unaudited) | 30-Sep-24 (Unaudited) | 31-Mar-25 (Audited) |\n| CASH FLOW (USED IN)/ FROM INVESTING ACTIVITIES |  |  |  |\n| Purchase of Fixed Assets | (450.60) | (500.28) | (937.93) |\n| Sale of Fixed Assets | 4.49 | 50.28 | 57.50 |\n| Proceeds from sale of Investment in Subsidiaries (net) | . | 4,073.08 | 4,073.08 |\n| (Increase)/ Decrease in Investments in HTM securities | (236.12) | (16,700.38) | (23, 128.85) |\n| Dividend from Subsidiaries/Joint Ventures | 448.53 | 380.00 | 380.00 |\n| NET CASH FLOW (USED IN)/ FROM INVESTING ACTIVITIES (B) | (233.70) | (12,697.30) | (19,556.20) |\n| CASH FLOW (USED IN) / FROM FINANCING ACTIVITIES |  |  |  |\n| (Decrease)/ Increase in Refinance | (611.96) | (2,683.88) | (9,508.35) |\n| Increase/ (Decrease) in Borrowings (other than Refinance and Sub- ordinated debt) | (23,919.68) | 828.28 | 29,583.01 |\n| Money received on exercise of Stock Options/Issue of Equity Shares | !?6.05 | 27.59 | 46.40 |\n| Dividend paid | (497.10) | (397.62) | (397.62) |\n| NET CASH FLOW (USED IN)/ FROM FINANCING ACTIVITIES (C) | (24,962.69) | (2,225.63) | 19,723.44 |\n| Increase in Foreign Currency Translation Reserve (D) | 32.61 | 3.30 | 17.98 |\n| NET (DECREASE)/ INCREASE IN CASH AND CASH EQUIVALENTS (A+ B + C + D) | (15,987.41) | (20,200.76) | 12,990.75 |\n| CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD/YEAR | 65,779.15 | 52,788.40 | 52,788.40 |\n| CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD/YEAR | 49,791.74 | 32,587.64 | 65,779.15 |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "~ \nI::!: \nt \nI) \n* \n\"' \n(1 \n~ \n~ \n~ \n.... \n'?Ii. \n~ \nIIEor..c{,0", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "176a509d71227d12", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: ~ \nI::!: \nt \nI) \n* \n\"' \n(1 \n~ \n~ \n~ \n.... \n'?Ii. \n~ \nIIEor..c{,0 > Recovery Rating\" \nAnticipated Recovery as per \nCarrying Value* (f crore) \nRecoverv Ralina \nNR1/R1+/RR1+ \n>150% \nNR2/R1/RR1 \n100% - 150% \nNR3/R2/RR2 \n75% - 100% \nNR4/R3/RR3 \n50%- 75% \nNR5/R4/RR4 \n25%-50% \nNR6/R5/RR5 \n0%-25% \nYet to be rated** \n-\nUnrated \n-\nTotal | Page: 20\n\n|  |  | 30th September, 2025 |  |\n|---|---|---|---|\n|  | Loan transferred throuah Assianment / Novation / Loan Particioation | Assianment 30.00 | Novation 72.62 |\n| 1 | Annregate amount of loans transferred |  |  |\n| 2 | Annreaate consideration received | 30.00 | N.A. 9.08 |\n| 3 | Weiahted averaae residual maturitv /vears) | 0.83 |  |\n| 4 | Weiahted averaqe holdina oeriod of oriainator (years) | 0.54 | 0.85 |\n| 5 | Retention of beneficial economic interest | 90% | 89% |\n| 6 | Coverage of tanaible securitv coveraae | 100% | 100% |\n| 7 | Ralina-wise distribution of rated loans: |  |  |\n|  | BBB+ve | N.A. | 59% |\n|  | IND 888-ve | 100% | N.A. 41% |\n|  | IVR 888-ve | N.A. |  |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "~ \nI::!: \nt \nI) \n* \n\"' \n(1 \n~ \n~ \n~ \n.... \n'?Ii. \n~ \nIIEor..c{,0", "subsection": "Recovery Rating\" \nAnticipated Recovery as per \nCarrying Value* (f crore) \nRecoverv Ralina \nNR1/R1+/RR1+ \n>150% \nNR2/R1/RR1 \n100% - 150% \nNR3/R2/RR2 \n75% - 100% \nNR4/R3/RR3 \n50%- 75% \nNR5/R4/RR4 \n25%-50% \nNR6/R5/RR5 \n0%-25% \nYet to be rated** \n-\nUnrated \n-\nTotal", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "db64376ec5a5fb6e", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: ~ \nI::!: \nt \nI) \n* \n\"' \n(1 \n~ \n~ \n~ \n.... \n'?Ii. \n~ \nIIEor..c{,0 > Recovery Rating\" \nAnticipated Recovery as per \nCarrying Value* (f crore) \nRecoverv Ralina \nNR1/R1+/RR1+ \n>150% \nNR2/R1/RR1 \n100% - 150% \nNR3/R2/RR2 \n75% - 100% \nNR4/R3/RR3 \n50%- 75% \nNR5/R4/RR4 \n25%-50% \nNR6/R5/RR5 \n0%-25% \nYet to be rated** \n-\nUnrated \n-\nTotal | Page: 20\n\n| Aggregate Principal outstanding of loans acquired | Aggregate consideration paid |\n|---|---|\n| 93.23 | 4.66 |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "~ \nI::!: \nt \nI) \n* \n\"' \n(1 \n~ \n~ \n~ \n.... \n'?Ii. \n~ \nIIEor..c{,0", "subsection": "Recovery Rating\" \nAnticipated Recovery as per \nCarrying Value* (f crore) \nRecoverv Ralina \nNR1/R1+/RR1+ \n>150% \nNR2/R1/RR1 \n100% - 150% \nNR3/R2/RR2 \n75% - 100% \nNR4/R3/RR3 \n50%- 75% \nNR5/R4/RR4 \n25%-50% \nNR6/R5/RR5 \n0%-25% \nYet to be rated** \n-\nUnrated \n-\nTotal", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "a0a40b4549fd4f93", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: ~ \nI::!: \nt \nI) \n* \n\"' \n(1 \n~ \n~ \n~ \n.... \n'?Ii. \n~ \nIIEor..c{,0 > Recovery Rating\" \nAnticipated Recovery as per \nCarrying Value* (f crore) \nRecoverv Ralina \nNR1/R1+/RR1+ \n>150% \nNR2/R1/RR1 \n100% - 150% \nNR3/R2/RR2 \n75% - 100% \nNR4/R3/RR3 \n50%- 75% \nNR5/R4/RR4 \n25%-50% \nNR6/R5/RR5 \n0%-25% \nYet to be rated** \n-\nUnrated \n-\nTotal | Page: 20\n\n|  |  | Carrying Value* (f crore) |\n|---|---|---|\n| NR1/R1+/RR1+ | >150% | 477.52 |\n| NR2/R1/RR1 | 100% -150% | 205.92 |\n| NR3/R2/RR2 | 75% -100% | 176.77 |\n| NR4/R3/RR3 | 50%-75% | 118.00 |\n| NR5/R4/RR4 | 25%-50% | - |\n| NR6/R5/RR5 | 0%-25% | - |\n| Yet to be rated** | - | 197.47 |\n| Unrated | - | 0.25 |\n| Total |  |  |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "~ \nI::!: \nt \nI) \n* \n\"' \n(1 \n~ \n~ \n~ \n.... \n'?Ii. \n~ \nIIEor..c{,0", "subsection": "Recovery Rating\" \nAnticipated Recovery as per \nCarrying Value* (f crore) \nRecoverv Ralina \nNR1/R1+/RR1+ \n>150% \nNR2/R1/RR1 \n100% - 150% \nNR3/R2/RR2 \n75% - 100% \nNR4/R3/RR3 \n50%- 75% \nNR5/R4/RR4 \n25%-50% \nNR6/R5/RR5 \n0%-25% \nYet to be rated** \n-\nUnrated \n-\nTotal", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "5d20d05192f73573", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: :,-:J>. | Page: 21\n\n| Type of borrower | Exposure to accounts classified as Standard consequent to implementation of resolution plan - Position as at the end of the previous half-v ear (Al 28.69 | Of (A), aggregate debt that slipped into NPA during the half-year | Of (A) amount written off during the half- year# | Of (A) amount paid by the borrowers during the half- year\" | Exposure to accounts classified as Standard consequent to implementation of resolution plan - Position as at the end of this half-year |\n|---|---|---|---|---|---|\n| Personal Loans |  | 0.16 | 0.04 | 3.83 | 24.70 |\n| Corporate persons* | 13.05 | 0.00 | 0.00 | 2.10 | 10.95 |\n| Of which, MSMEs | 12.98 | 0.00 | 0.00 | 2.03 | 10.95 |\n| Others | 45.46 | 0.00 | 0.00 | 2.39 | 43.07 |\n| Total | 87.20 | 0.16 | 0.04 | 8.32 | 78.72 |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-1.pdf", "fiscal_year": "FY2025", "page_number": 21, "section": ":,-:J>.", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "512e48859792abd7", "content": "BSE Limited Corporate Relationship Department Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001 National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai 400 051 BSE Scrip Code: NSE Symbol: KOTAKBANK, KMBL, KMB26, KMB29, KMB30 Dear Sirs, Sub: Outcome of Board Meeting - Consolidated and Standalone Unaudited Financial Results of the Bank for the quarter ended June 30, 2025 Pursuant to Regulation 30, Regulation 33, Regulation 51 and Regulation 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (\"Listing Regulations\"), this is to inform you that the Board of Directors of Kotak Mahindra Bank Limited (\"Bank\") have, at their meeting held today, inter alia, considered, reviewed and approved the Consolidated and Standalone Unaudited Financial Results of the Bank, for the quarter ended June 30, 2025, as recommended to them by the Audit Committee. A copy of the said Financial Results, along with the Limited Review Report thereon, submitted by the Joint Statutory Auditors of the Bank, is enclosed herewith. The Board Meeting today commenced at 10:15 a.m. (IST) and consideration of the item on approval of Consolidated and Standalone Unaudited Financial Results, as stated above, concluded at 12:55 p.m. (IST). The proceedings of the Board Meeting are in progress at the time of filing of this disclosure.", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Introduction", "subsection": "Maharashtra, India This is a Confidential document.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "22aa69ccde2b38e8"}, {"chunk_id": "ac1bf18a12e221c5", "content": "Consolidated and Standalone Unaudited Financial Results, as stated above, concluded at 12:55 p.m. (IST). The proceedings of the Board Meeting are in progress at the time of filing of this disclosure. The above information is also being hosted on the Bank's website https://www.kotak.com/en/investor- relations/governance/sebi-listing-disclosures.html in terms of the Listing Regulations. This is for your information and appropriate dissemination. Thanking you, Yours faithfully, For Kotak Mahindra Bank Limited Avan Doomasia Company Secretary Encl.: as above 500247, 958687, 974396, 974682, 974924, 975387 AVAN KAYOMARS DOOMASIA Digitally signed by AVAN KAYOMARS DOOMASIA Date: 2025.07.26 13:03:12 +05'30' Kotak Mahindra Bank Ltd. CIN: L65110MH1985PLC038137 Registered Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, T +91 22 61660001 Bandra (E), Mumbai 400051,                   www.kotak.com Maharashtra, India This is a Confidential document. Deloitte Haskins & Sells 19th Floor, Shapath-V S.G. Highway Ahmedabad - 380 015 Gujarat, India Tel: +91 79 6682 7300 Fax: +91 79 6682 7400 KKC & Associates LLP Level-I 9, Sunshine Tower, Senapati Bapat Marg, Elphinstone Road, Mumbai - 4000 I 3 Maharashtra, India Independent Auditors' Review Report on unaudited consolidated financial results for the quarter ended 30 June 2025 of Kotak Mahindra Bank Limited pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. To", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Introduction", "subsection": "Maharashtra, India This is a Confidential document.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "22aa69ccde2b38e8"}, {"chunk_id": "52ccc0957fe3c464", "content": "ended 30 June 2025 of Kotak Mahindra Bank Limited pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. To The Board of Directors of Kotak Mahindra Bank Limited I. We have reviewed the accompanying statement of unaudited consolidated financial results of Kotak Mahindra Bank Limited (the \"Parent\" or the \"Bank\"), its subsidiaries (the Parent and its subsidiaries together referred to as the \"Group\") and its share of the net profit after tax of its associates for the quarter ended 30 June 2025 (the \"Statement\"), being submitted by the Bank pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the \"Listing Regulations\"), except for the disclosures relating to consolidated Pillar 3 as at 30 June 2025, including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel III Capital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in Note 9 ofthe Statement and have not been reviewed by us. We have initialled the Statement for identific;ation purposes only. 2. This Statement, which is the responsibility of the Bank's Management and has been approved by", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Introduction", "subsection": "Maharashtra, India This is a Confidential document.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "22aa69ccde2b38e8"}, {"chunk_id": "b1b80303e103a1e9", "content": "We have initialled the Statement for identific;ation purposes only. 2. This Statement, which is the responsibility of the Bank's Management and has been approved by the Bank's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Accounting Standard 25, Interim Financial Reporting (\"AS 25\"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder, in so far as they apply to Banks, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bank oflndia (\"RBI\") from time to time (the \"RBI Guidelines\") and other accounting principles generally accepted in India, and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 - ' Review of Interim Financial Information Performed by the Independent Auditor of the Entity' issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of Bank's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Introduction", "subsection": "Maharashtra, India This is a Confidential document.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "22aa69ccde2b38e8"}, {"chunk_id": "4d46b441b9e0d2cb", "content": "responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under Section 143 ( I 0) of the Com parties Act, 20 I 3, and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the Securities and change Board of India under Regulation 33(8) of the Listing Regulations, as amended, to the tent applicable. Deloitte Haskins & Sells 19th Floor, Shapath-V S.G. Highway Ahmedabad - 380015 Gujarat, India Tel: +9 1 79 6682 7300 Fax: +91 79 6682 7400 KKC & Associates LLP Level-I 9, Sunshine Tower, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013 Maharashtra, India 4. The Statement includes the results/information of the entities referred in Annexure I.", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Introduction", "subsection": "Maharashtra, India This is a Confidential document.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "22aa69ccde2b38e8"}, {"chunk_id": "9ddb3012be5a28fd", "content": "5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review/audit reports of other auditors, referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in AS 25, prescribed under Section I 33 of the Companies Act, 2013 read with relevant rules issued thereunder, in so far as they apply to Banks, the RBI Guidelines, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms with the requirements of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement, except for the disclosures relating to consolidated Pillar 3 disclosure as at 30 June 2025, including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel III Capital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in Note 9 of the Statement and have not been reviewed by us. 6. We did not review/audit the interim financial results of 4 subsidiaries, included in the Statement, whose interim' financial results reflect total revenues of { 8,672.04 crore (before consolidation", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Introduction", "subsection": "The unaudited interim financial results of I subsidiary included in the Statement, whose interim \nfinancial results reflect total revenues of { 1,446.17 crore (before consolidation adjustments) for \nthe quarter ended 30 June 2025 and total net profit after tax on 465.35 crore (before consolidation \nadjustments) for the quarter ended 30 June 2025, has been reviewed by one of the joint auditors, \nwhose review report has been furnished to us by the Parent's Management. Accordingly, \nconclusion of one of the joint auditors, KKC & Associates LLP on the Statement in so far as it \nrelates to the amounts and disclosures included in respect of this subsidiary, is based solely on the \nreview report of the other joint auditor, and the procedures performed by us as stated in paragraph", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "af527e25e1579d8e"}, {"chunk_id": "8dab9c3262fd2702", "content": "6. We did not review/audit the interim financial results of 4 subsidiaries, included in the Statement, whose interim' financial results reflect total revenues of { 8,672.04 crore (before consolidation adjustments) for the quarter ended 30 June 2025 and total net profit after tax of { 979.61 crore (before consolidation adjustments) for the quaiter ended 30 June 2025. These interim financial results have been reviewed/audited by other auditors whose review/audit reports have been furnished to us by the Parent's Management, and our conclusion on the Statement in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the review/audit repo1ts of such other respective auditors, and the procedures performed by us as stated in paragraph 3 above. The unaudited interim financial results of I subsidiary included in the Statement, whose interim financial results reflect total revenues of { 1,446.17 crore (before consolidation adjustments) for the quarter ended 30 June 2025 and total net profit after tax on 465.35 crore (before consolidation adjustments) for the quarter ended 30 June 2025, has been reviewed by one of the joint auditors, whose review report has been furnished to us by the Parent's Management. Accordingly, conclusion of one of the joint auditors, KKC & Associates LLP on the Statement in so far as it", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Introduction", "subsection": "The unaudited interim financial results of I subsidiary included in the Statement, whose interim \nfinancial results reflect total revenues of { 1,446.17 crore (before consolidation adjustments) for \nthe quarter ended 30 June 2025 and total net profit after tax on 465.35 crore (before consolidation \nadjustments) for the quarter ended 30 June 2025, has been reviewed by one of the joint auditors, \nwhose review report has been furnished to us by the Parent's Management. Accordingly, \nconclusion of one of the joint auditors, KKC & Associates LLP on the Statement in so far as it \nrelates to the amounts and disclosures included in respect of this subsidiary, is based solely on the \nreview report of the other joint auditor, and the procedures performed by us as stated in paragraph", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "af527e25e1579d8e"}, {"chunk_id": "94c49be221111ad7", "content": "whose review report has been furnished to us by the Parent's Management. Accordingly, conclusion of one of the joint auditors, KKC & Associates LLP on the Statement in so far as it relates to the amounts and disclosures included in respect of this subsidiary, is based solely on the review report of the other joint auditor, and the procedures performed by us as stated in paragraph ,,.-;:p..:::s:::::,<::::, ' 3 above.", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Introduction", "subsection": "The unaudited interim financial results of I subsidiary included in the Statement, whose interim \nfinancial results reflect total revenues of { 1,446.17 crore (before consolidation adjustments) for \nthe quarter ended 30 June 2025 and total net profit after tax on 465.35 crore (before consolidation \nadjustments) for the quarter ended 30 June 2025, has been reviewed by one of the joint auditors, \nwhose review report has been furnished to us by the Parent's Management. Accordingly, \nconclusion of one of the joint auditors, KKC & Associates LLP on the Statement in so far as it \nrelates to the amounts and disclosures included in respect of this subsidiary, is based solely on the \nreview report of the other joint auditor, and the procedures performed by us as stated in paragraph", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "af527e25e1579d8e"}, {"chunk_id": "20d49d29b6dbfc10", "content": "'<' '11<5' /.-..0 (/}. 1-- CHART ED Q • conclusion on the Statement is not modified in respect of these matters. 0 ACCOU MTS /TJ t ::: 0 C;, Deloitte Haskins & Sells 19th Floor, Shapath-V S.G. Highway Ahmedabad- 380 015 Gujarat, India Tel: +91 79 6682 7300 Fax: +91 79 6682 7400 KKC & Associates LLP Level- I 9, Sunshine Tower, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013 _Maharashtra, India 7. The Statement includes the interim financial information of 14 subsidiaries, which have not been reviewed by their respective auditors, and whose interim financial information reflect total revenues ofz 706.75 crore (before consolidation adjustments) for the quarter ended 30 June 2025 and total net profit after tax of z 240.77 crore (before consolidation adjustments) for the quarter ended 30 June 2025. The Statement also includes the Group's share of net profit after tax of z 43.05 crore for the quarter ended 30 June 2025, as considered in the Statement, in respect of three associates, which have not been reviewed/audited by their respective auditors and whose interim financial information has been furnished to us by the Parent's Management. According to the information and explanations given to us by the Management, this interim financial information of these entities is not material to the Group. Our conclusion on the Statement is not modified in respect of this matter. 8.", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "'<' \n'11<5' \n/.-..0 \n(/}. \n1--\nCHART ED Q • conclusion on the Statement is not modified in respect of these matters. \n0 ACCOU \nMTS /TJ \nt \n::: \n0 \nC;,", "subsection": "7. \nThe Statement includes the interim financial information of 14 subsidiaries, which have not been \nreviewed by their respective auditors, and whose interim financial information reflect total \nrevenues ofz 706.75 crore (before consolidation adjustments) for the quarter ended 30 June 2025 \nand total net profit after tax of z 240.77 crore (before consolidation adjustments) for the quarter \nended 30 June 2025. The Statement also includes the Group's share of net profit after tax of z \n43.05 crore for the quarter ended 30 June 2025, as considered in the Statement, in respect of three \nassociates, which have not been reviewed/audited by their respective auditors and whose interim \nfinancial information has been furnished to us by the Parent's Management. According to the", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "88dad96f7bdbb81c"}, {"chunk_id": "47aa914bcaf04c0f", "content": "these entities is not material to the Group. Our conclusion on the Statement is not modified in respect of this matter. 8. The following other matter paragraph has been included in the audit report on Special Purpose Financial Information of Kotak Mahindra Life Insurance Company Limited ('K-LIFE'), the subsidiary of the Parent, issued by the joint auditors of K-LIFE vide their report dated I 8 July 2025: \"The actuarial valuation of liabilities for life policies in force and for policies in respect of which premium has been discontinued but liability exists as at 30 June 2025 is the responsibility of the Company's Appointed Actuary (the \"Appointed Actuary\"). The actuarial valuation of the liabilities for life policies in force and for policies in respect of which premium has been discontinued but liability exists as at 30 June 2025 has been duly certified by the Appointed Actuary and in his opinion, the actuarial liabilities have been calculated in accordance with generally accepted actuarial principles, the requirements of the Insurance Act, 1938, Insurance Act (Amendment), 2015, relevant !RDA regulations and the Actuarial Practice Standards and Guidance Notes of the Institute of Actuaries of India. We have relied upon the Appointed Actuary's certificate in this regard during our audit of the valuation of liabilities for life policies in force and for policies in", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "'<' \n'11<5' \n/.-..0 \n(/}. \n1--\nCHART ED Q • conclusion on the Statement is not modified in respect of these matters. \n0 ACCOU \nMTS /TJ \nt \n::: \n0 \nC;,", "subsection": "7. \nThe Statement includes the interim financial information of 14 subsidiaries, which have not been \nreviewed by their respective auditors, and whose interim financial information reflect total \nrevenues ofz 706.75 crore (before consolidation adjustments) for the quarter ended 30 June 2025 \nand total net profit after tax of z 240.77 crore (before consolidation adjustments) for the quarter \nended 30 June 2025. The Statement also includes the Group's share of net profit after tax of z \n43.05 crore for the quarter ended 30 June 2025, as considered in the Statement, in respect of three \nassociates, which have not been reviewed/audited by their respective auditors and whose interim \nfinancial information has been furnished to us by the Parent's Management. According to the", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "88dad96f7bdbb81c"}, {"chunk_id": "cb76c4fb08305968", "content": "Institute of Actuaries of India. We have relied upon the Appointed Actuary's certificate in this regard during our audit of the valuation of liabilities for life policies in force and for policies in respect of which premium has been discontinued but liability exists as at 30 June 2025, as contained in the Special Purpose Financial Information of the Company. Our opinion is not modified in respect of this matter\" r conclusion is not modified in respect of this matter. Deloitte Haskins & Sells \\ 9th Floor, Shapath-V S.G. Highway Ahmedabad - 380015 Gujarat, India Tel: +91 79 6682 7300 KKC & Associates LLP Level-I 9, Sunshine Tower, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013 Maharashtra, India 9. The unaudited consolidated financial results of the Group for the quarter ended 30 June 2024 were reviewed by K.KC & Associates LLP and Price Waterhouse LLP whose report dated 20 July 2024, expressed an unmodified conclusion on those unaudited consolidated financial results. Accordingly, Deloitte Haskins & Sells does not express any conclusion on the figures reported in the Statement for the corresponding quarter ended 30 June 2024. For Deloitte Haskins & Sells Chartered Accountants (Firm Registration No. 117365W) For KKC & Associates LLP Chartered Accountants (Firm Registration No. I 05146W /W I 00621)", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "'<' \n'11<5' \n/.-..0 \n(/}. \n1--\nCHART ED Q • conclusion on the Statement is not modified in respect of these matters. \n0 ACCOU \nMTS /TJ \nt \n::: \n0 \nC;,", "subsection": "7. \nThe Statement includes the interim financial information of 14 subsidiaries, which have not been \nreviewed by their respective auditors, and whose interim financial information reflect total \nrevenues ofz 706.75 crore (before consolidation adjustments) for the quarter ended 30 June 2025 \nand total net profit after tax of z 240.77 crore (before consolidation adjustments) for the quarter \nended 30 June 2025. The Statement also includes the Group's share of net profit after tax of z \n43.05 crore for the quarter ended 30 June 2025, as considered in the Statement, in respect of three \nassociates, which have not been reviewed/audited by their respective auditors and whose interim \nfinancial information has been furnished to us by the Parent's Management. According to the", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "88dad96f7bdbb81c"}, {"chunk_id": "6e93dc5a1b4f595e", "content": "~ Gautam Shah Partner Membership No. 117348 UDIN: 2.SH1'.3'1881\"'106E &3'-t \", Place: Mumbai Date: 26 July 2025 G! u£ Partner Membership No. I 09839 UDfN: ~S-\\ OC\\8\":)\"IGM OP'( Q.\\ so f> Place: Mumbai Date: 26 July 2025 Deloitte Haskins & Sells 19th Floor, Shapath-Y S.G. Highway Ahmedabad - 3 80 015 Gujarat, India Tel: +91 79 6682 7300 KKC & Associates LLP Level-I 9, Sunshine Tower, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013 Maharashtra, India Fax: +91 79 6682 7400 List of entities included in the Statement Kotak Mahindra Bank Limited Domestic Subsidiaries Kotak Mahindra Prime Limited Kotak Mahindra Investments Limited Kotak Securities Limited Kotak Mahindra Capital Company Limited Kotak Mahindra Life Insurance Company Limited Kotak Mahindra Asset Management Company Limited Kotak Mahindra Trustee Company Limited Kotak Mahindra Pension Fund Limited Kotak Alternate Asset Managers Limited (Formerly known as Kotak Investment Advisors Limited) Kotak Mahindra Trusteeship Services Limited Kotak Infrastructure Debt Fund Limited IVY Product Intermediaries Limited BSS Microfinance Limited Sonata Finance Private Limited International Subsidiaries Kotak Mahindra (UK) Limited Kotak Mahindra (International) Limited Kotak Mahindra Inc. Kotak Mahindra Financial Services Limited Kotak Mahindra Asset Management (Singapore) Pte. Limited lnfina Finance Private Limited Phoenix ARC Private Limited ~ p..::=S:::K::::, :-v. rich Kotak General Insurance Company (India) Limited (erstwhile known as Kotak Mahindra <v'<'", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "~ \nGautam Shah \nPartner \nMembership No. 117348 \nUDIN: 2.SH1'.3'1881\"'106E &3'-t \", \nPlace: Mumbai \nDate: 26 July 2025", "subsection": "<v'<' \nral Insurance Company Limited \nf.... \nl-\no\"", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "88ceef5a6d8ea2cd"}, {"chunk_id": "86aa3d5246a9741c", "content": "Limited lnfina Finance Private Limited Phoenix ARC Private Limited ~ p..::=S:::K::::, :-v. rich Kotak General Insurance Company (India) Limited (erstwhile known as Kotak Mahindra <v'<' ral Insurance Company Limited f.... l- o\" KOTAK MAHINDRA BANK LIMITED (CONSOLIDATED) CIN: L6511 0MHl 985PLC038137 Registered Office: 27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051 UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED 301H JUNE, 2025 Sr Particulars 30-Jun-25 31-Mar-25 30-Jun-24 No (Unaudited) (Audited) (Unaudited) (Refer Note 4) 1 Interest earned (a+b+c+d) 17,248.31 16,771.93 15,836.79 (a) Interest/discount on advances/bills 12,351.40 12,1 56.08 11,362.60 (b) Income on investments 4,268.08 4,060.30 3,867.90 (c) Interest on balances with Reserve Bank of India 470.90 386.25 478.95 (RBI) & other interbank funds (d) Others 157.93 169.30 127.34 2 Other income (a+b+c) 9,455.61 10,402.49 9,239.08 (a) Profit/(Loss) on sale of Investments including 2,384.28 (1,316.89) 2,382.80 revaluation (insurance business) (b) Premium on Insurance Business 2,758.12 7,11 5.39 2,996.73 (c) Other income (Refer Note 5) 4,313.21 4,603.99 3,859.55 3 Total income (1+2) 26,703.92 27,174.42 25,075.87 4 Interest expended 7,529.33 7,159.58 6,805.25 5 Operating expenses (a+b+c) 11,800.02 12,523.47 11,488.59 (a) Employees Cost 3,110.20 3,236.37 2,809.25 (b) Policy holders' reserves, surrender expense and 5,159.94 5,510.52 5,459.12 claims (insurance business) (Refer Note 6) (c) Other operating expenses 3,529.88 3,776.58 3,220.22", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "~ \nGautam Shah \nPartner \nMembership No. 117348 \nUDIN: 2.SH1'.3'1881\"'106E &3'-t \", \nPlace: Mumbai \nDate: 26 July 2025", "subsection": "<v'<' \nral Insurance Company Limited \nf.... \nl-\no\"", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "88ceef5a6d8ea2cd"}, {"chunk_id": "aea66469a07cbacb", "content": "3,110.20 3,236.37 2,809.25 (b) Policy holders' reserves, surrender expense and 5,159.94 5,510.52 5,459.12 claims (insurance business) (Refer Note 6) (c) Other operating expenses 3,529.88 3,776.58 3,220.22 Total expenditure (4+5) 19,329.35 19,683.05 18,293.84 (excluding provisions and contingencies) 7 Operating profit (3-6) 7,374.57 7,491.37 6,782.03 (Profit before provisions and contingencies) 8 Provisions (other than tax) and contingencies 1,321.17 1,140.27 774.44 (Refer Note 7) 9 Exceptional items (Refer Note 8) - - 3,803.40 10 Profit from ordinary activities before tax (7-8+9) 6,053.40 6,351.10 9,810.99 11 Tax expense 1,624.27 1,442.16 2,411.60 12 Net Profit from ordinary activities after tax before 4,429.13 4,908.94 7,399.39 Minority Interest (1 0-11) 13 Extraordinary items (net of tax expense) - - - 14 Net Profit after tax before Minority Interest (12 -13) 4,429.13 4,908.94 7,399.39 15 Less: Share of Minority Interest - - - 16 Add: Share in Profit/(Loss) of associates 43.05 23.82 48.77 17 Profit after tax (14-15+ 16) 4,472.18 4,932.76 7,448.16 18 Paid Up Equity Capital (Face value of 5 per share) 994.16 994.11 993.98 19 Group Reserves (excluding Minority Interest and 20 Minority Interest - - - Revaluation reserves) 21 Earnings per equity share before and after extraordinary items (net of tax expense)", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "~ \nGautam Shah \nPartner \nMembership No. 117348 \nUDIN: 2.SH1'.3'1881\"'106E &3'-t \", \nPlace: Mumbai \nDate: 26 July 2025", "subsection": "<v'<' \nral Insurance Company Limited \nf.... \nl-\no\"", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "88ceef5a6d8ea2cd"}, {"chunk_id": "b5a51403b0209c53", "content": "\">--;, ~ i ;:: y I O 0 ' .J., . 0~ / I * --- ' - )I- (\\ \\ . .._ - Consolidated Segment Reporting The reportable consolidated segments of the Bank are as under: Segment Principal activity Corporate/ Wholesale Wholesale borrowings and lending and other related services to the corporate sector, which are Banking not included under retail banking Retail Banking Comprises of: Digital Banking Business involving digital banking products acquired by Digital Banking Unit including existing digital banking products as identified by the Management in accordance with the instructions of the RBI vide its circular dated 7th April, 2022 Other Retail Banking Includes retail lending, deposit taking and other retail services/ products other than above Treasury, BMU and Money market, forex market, derivatives, investments and primary dealership of government Corporate Centre securities, Balance Sheet Management Unit (BMU) responsible for Asset Liability Management and Corporate Centre, which primarily comprises of support functions Vehicle Financing Retail vehicle finance and wholesale trade finance to auto dealers from its Subsidiary Company Other Lending Activities Securitisation and other loans/ services from its Subsidiary Companies Broking Brokerage income on market transactions done on behalf of clients, interest on delayed payments, distribution of financial products from its Subsidiary Company Advisory and", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 9, "section": "\">--;, \n~ \ni \n;:: \ny \nI \nO \n0 \n' \n.J., \n. \n0~ \n/ \nI \n* \n---\n' \n-\n)I-\n(\\ \\ . \n.._ -", "subsection": "O(J~na\nrtered 'w \nI O t,.ccoun\\an\\s ::: I", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "41695b706e3ccc21"}, {"chunk_id": "7a8f379fbe2c6091", "content": "Broking Brokerage income on market transactions done on behalf of clients, interest on delayed payments, distribution of financial products from its Subsidiary Company Advisory and Providing financial advisory and transactional services such as mergers and acquisition advice, Transactional Services equity/ debt issue management services and Business Correspondent services from its Subsidiary Companies. Asset Management Management of funds and investments on behalf of clients and investment distribution from (Cherry) its Subsidiary Companies Insurance Life Insurance and General Insurance (till 17th June, 2024) business of its Subsidiaries 30-Jun-25 (Unaudited) Quarter ended 31-Mar-25 (Audited) (Refer Note 4) 30-Jun-24 (Unaudited) Treasury, BMU and Corporate Centre Corporate/ Wholesale Banking (ii) Other Retail Banking Other Lending Activities Advisory and Transactional Services Less: inter-segment revenues Treasury, BMU and Corporate Centre# Corporate/ Wholesale Banking (ii) Other Retail Banking Other Lending Activities _ Advisory and Trans~nal Services O(J~na rtered 'w I O t,.ccoun\\an\\s ::: I ~ crore Quarter ended Year ended Sr Particulars 30-Jun-25 31-Mar-25 30-Jun-24 31-Mar-25 No (Unaudited) (Audited) (Unaudited) (Audited) (Refer Note 4) Insurance 448.08 140.57 248.89 1,153.45 Profit before tax, minority interest and share of 6,053.40 6,351.10 9,810.99 28,989.03 associates Treasury, BMU and Corporate Centre 211,450.43 228,006.78 180,780.44 228,006.78 Retail Banking• 452,760.73 443,829.55 380,099.16 443,829.55 (i) Digital Banking 51.59 52.99 34.98 52.99", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 9, "section": "\">--;, \n~ \ni \n;:: \ny \nI \nO \n0 \n' \n.J., \n. \n0~ \n/ \nI \n* \n---\n' \n-\n)I-\n(\\ \\ . \n.._ -", "subsection": "O(J~na\nrtered 'w \nI O t,.ccoun\\an\\s ::: I", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "41695b706e3ccc21"}, {"chunk_id": "1185cc8a9bf2f39c", "content": "6,053.40 6,351.10 9,810.99 28,989.03 associates Treasury, BMU and Corporate Centre 211,450.43 228,006.78 180,780.44 228,006.78 Retail Banking• 452,760.73 443,829.55 380,099.16 443,829.55 (i) Digital Banking 51.59 52.99 34.98 52.99 Corporate/ Wholesale Banking 277,461.84 274,494.22 244,559.63 274,494.22 (ii) Other Retail Banking 452,709.14 443,776.56 380,064.18 443,776.56 Vehicle Financing 29,799.21 29,848.75 29,057.07 29,848.75 Other Lending Activities 27,180.90 24,726.19 22,718.42 24,726.19 Advisory and Transactional Services 1,270.79 1,301.64 1,645.80 1,301.64 Broking 27,225.89 20,970.01 22,606.88 20,970.01 Asset Management 8,599.76 8,253.15 6,459.43 8,253.15 Sub-total 1, 1 33,263.90 1,126,241.32 973,167.57 1,126,241.32 Insurance 97,514.35 94,811 .03 85,240.74 94,811.03 Less: inter-segment assets 246,498.80 247,876.32 196,406.41 247,876.32 Total 886,765.10 878,365.00 776,761.16 878,365.00 Total Assets as per Balance Sheet 888,188.98 879,774.34 778,154.07 879,774.34 Add: Unallocated Assets 1,423.88 1,409.34 1,392.91 1,409.34 4 Segment Liabilities: Treasury, BMU and Corporate Centre 160,275.61 185,732.26 118,739.08 185,732.26 Retail Banking* 404,213.28 395,970.73 349,229.39 395,970.73 (i) Digital Banking 19,904.26 19,063.17 15,683.22 19,063.17 (ii) Other Retail Banking 384,309.02 376,907.56 333,546.17 376,907.56 Vehicle Financing 18,774.01 18,016.04 15,818.07 18,016.04 Corporate/ Wholesale Banking 247,877.75 244,021.51 227,560.38 244,021.51 Other Lending Activities 20,592.57 19,157.39 19,590.95 19,157.39 Broking 23,942.71 16,943.98 20,213.12 16,943.98 Advisory and Transactional Services 220.18 252.40 372.69 252.40 Asset Management 658.79 716.44 1,019.64 716.44 Insurance 89,894.64 87,317.44 78,502.05", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 9, "section": "\">--;, \n~ \ni \n;:: \ny \nI \nO \n0 \n' \n.J., \n. \n0~ \n/ \nI \n* \n---\n' \n-\n)I-\n(\\ \\ . \n.._ -", "subsection": "O(J~na\nrtered 'w \nI O t,.ccoun\\an\\s ::: I", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "41695b706e3ccc21"}, {"chunk_id": "cb5bb959a38411de", "content": "20,592.57 19,157.39 19,590.95 19,157.39 Broking 23,942.71 16,943.98 20,213.12 16,943.98 Advisory and Transactional Services 220.18 252.40 372.69 252.40 Asset Management 658.79 716.44 1,019.64 716.44 Insurance 89,894.64 87,317.44 78,502.05 87,317.44 Sub-total 966,449.54 968,128.19 831,045.37 968,128.19 Total 719,950.74 720,251 .87 634,638.96 720,251.87 Less: inter-segment liabilities 246,498.80 247,876.32 196,406.41 247,876.32 Add: Unallocated liabilities 3,335.46 2,127.38 2,349.70 2,127.38 Add: Share Capital, Reserves & Surplus & 164,902.78 157,395.09 141,165.41 157,395.09 Minority lnterestA Total Capital and Liabilities as per Balance 888,188.98 879,774.34 778,154.07 879,774.34 Sheet Segment results are net of segment revenues and segment expenses including interdivisional items. (*) RBl's Master Direction on Financial Statements - Presentation and Disclosures, requires to divide the 'Retail banking' into (i) Digital Banking (as defined in RBI circular on Establishment of Digital Banking Units dated 7th April, 2022) and (ii) Other Retail Banking segment. (S) Excluding exceptional item in Note 8 (#) Including exceptio • • 8", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 9, "section": "\">--;, \n~ \ni \n;:: \ny \nI \nO \n0 \n' \n.J., \n. \n0~ \n/ \nI \n* \n---\n' \n-\n)I-\n(\\ \\ . \n.._ -", "subsection": "O(J~na\nrtered 'w \nI O t,.ccoun\\an\\s ::: I", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "41695b706e3ccc21"}, {"chunk_id": "bfda65f53af15dc7", "content": "1. The consolidated financial results are prepared in accordance with Accounting Standard - 21 (AS-21) \"Consolidated Financial Statements\" and Accounting Standard - 23 (AS- 23) \"Accounting for investment in associates in Consolidated Financial Statements\" specified under section 133 and relevant provisions of Companies Act, 2013. 2. These consolidated financial results have been prepared in accordance with the recognition and measurement principles laid down in Accounting Standards notified under Section 133 and the relevant provisions of the Companies Act, 2013 read with the Companies (Accounting Standards) Rules, 2021 in so far as they apply to the Group and the guidelines issued by the Reserve Bank of India (\"RBI\"), Insurance Regulatory and Development Authority of India (\"IRDAI\") from time to time as applicable and the generally accepted accounting principles prevailing in India. The financial results of Indian subsidiaries and associates (excluding insurance companies) are prepared as per Indian Accounting Standards in accordance with the Companies (Indian Accounting Standards) Rules, 2015. The financial results of subsidiaries located outside India are prepared in accordance with accounting principles generally accepted in their respective countries. However, for the purpose of preparation of the consolidated financial results, the results of subsidiaries and associates are prepared in accordance with", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": ".A:::::m~i;og items;", "subsection": "O(J~na\nrtered 'w \nI O t,.ccoun\\an\\s ::: I", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8127f3330123898b"}, {"chunk_id": "20f6201197fb825b", "content": "However, for the purpose of preparation of the consolidated financial results, the results of subsidiaries and associates are prepared in accordance with Generally Accepted Accounting Principles in India (\"GAAP\") specified under Section 133 and relevant provision of Companies Act, 2013 read with Companies (Accounting Standard) Rules, 2021 and the guidelines issued by the RBI to the extent 3. The above consolidated financial results were approved at the meeting of the Board of Directors held on 26th July, 2025. The results for the quarter ended 30th June, 2025 were subjected to limited review by the joint statutory auditors (KKC & Associates LLP, Chartered Accountants and Deloitte Haskins & Sells, Chartered Accountants) of the Bank who have issued an unmodified review report thereon. The results for the quarter ended 30th June, 2024 were reviewed by other joint statutory auditors (KKC & Associates LLP, Chartered Accountants and Price Waterhouse LLP, Chartered Accountants). 4. The figures for the quarter ended 31 st March, 2025 are balancing figures between audited published figures in respect for financial year ended 31 st March, 2025 and the unaudited published figures for nine months ended 31 st December, 2024. 5. Other income includes non-fund based income such as commission earned from guarantees / letters of credit, financial", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": ".A:::::m~i;og items;", "subsection": "O(J~na\nrtered 'w \nI O t,.ccoun\\an\\s ::: I", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8127f3330123898b"}, {"chunk_id": "8494255a4277071b", "content": "5. Other income includes non-fund based income such as commission earned from guarantees / letters of credit, financial advisory fees, selling of third party products, general banking fees, earnings from foreign exchange transactions, profit/ (loss) from sale and revaluation (other than insurance business) of eligible category of investments. 6. The \"Policy holders' reserves, surrender expenses and claims\" under \"Operating Expenses\" in the above Financial Information includes the change in the valuation of liabilities for life policies in force, lapsed policies that are likely to be revived in future and for policies in respect of which premium has been discontinued but liability exists, of~ 3,434.28 crore for the quarter ended 30th June, 2025 (~ 3,290.39 crore for the quarter ended 31 st March, 2025, 3,299.46 crore for the quarter ended 30th June, 2024 and ~ 11,439.06 crore for the year ended 31 st March, 2025). 7. Provisions and contingencies are net of recoveries made against loan accounts which have been written off as bad. \"Provisions and contingencies\" includes provision on applicable Alternate Investments Funds (\"AIF\") Investments pursuant to RBI circulars dated 19th December, 2023 and 27th March, 2024 of~ 8.41 crore for the quarter.ended 30th June, 2025, ~ 56.23 crore for the quarter ended 31 st March, 2025, Nil for the quarter ended 30th June, 2024 and ~ 46.90 crore for the year ended 8.", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": ".A:::::m~i;og items;", "subsection": "O(J~na\nrtered 'w \nI O t,.ccoun\\an\\s ::: I", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8127f3330123898b"}, {"chunk_id": "f91438aeccedcecc", "content": "crore for the quarter ended 31 st March, 2025, Nil for the quarter ended 30th June, 2024 and ~ 46.90 crore for the year ended 8. On 18th June 2024, the Bank had completed the divestment of 70% stake (through a combination of fresh growth capital and share sale) in its subsidiary Kotak Mahindra General Insurance Company Limited (\"KGI\") to Zurich Insurance Company Limited (\"Zurich\"). The Bank sold 553,181,595 equity shares of KGI for a consideration of~ 4,095.82 crore resulting in net gain from such sale of~ 3,803.40 crore (pre-tax) considering the carrying value of investment in consolidated financials. Profit on sale of shares of KGI has been disclosed as an exceptional item in the results for the quarter ended 30th June, 2024 and for the year ended 31 st March, 2025. Consequent to this sale, l<GI ceased to be a subsidiary of the Bank and became an Associate with effect from 18th June, 2024. The Bank continues to hold the remaining 30% of the share capital of Zurich Kotak General Insurance Company India Limited (ZKGI) (formerly known as Kotak Mahindra General Insurance Company Limited) as at 30th 9. In accordance with the RBI guidelines, Banks are required to make consolidated Pillar 3 disclosures including leverage ratio, liquidity coverage ratio and Net Stable Funding Ratio (\"NSFR\") under the Basel Ill Framework. These disclosures are available on the Bank's website at link: htt s:", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": ".A:::::m~i;og items;", "subsection": "O(J~na\nrtered 'w \nI O t,.ccoun\\an\\s ::: I", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8127f3330123898b"}, {"chunk_id": "1f02477ca68a4930", "content": "liquidity coverage ratio and Net Stable Funding Ratio (\"NSFR\") under the Basel Ill Framework. These disclosures are available on the Bank's website at link: htt s: en investor-relations financial- results re ulator - re.html. These --.;::::•~•:•:':~ not be 10. During the quarter ended 31 st March, 2025 for purpose of Consolidation, the Group entities (other than the insurance entities which continue to follow the IRDAI guidelines applicable to them), had aligned with the Master Direction - Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2023 dated 12th September, 2023 which was applicable to Banks from 1st April, 2024. Subsequent changes in fair value of performing investments under Available for Sale (\"AFS\") and Fair Value Through Profit and Loss (\"FVTPL\") (including Held For Trading (\"HFT\") categories have been recognised through AFS reserve and Profit and Loss Account respectively. Accordingly, the amounts for prior periods are not comparable. 11. There has been no change in the significant accounting policies during the quarter ended 30th June, 2025 as compared to those followed for the year ended 31 st March, 2025. 12. Figures for the previous periods / year have been regrouped / reclassified wherever necessary to conform to current period's presentation. By order of the Board of Directors For Kotak Mahindra Bank Limited o ani Managing Director and Chief Executive Officer", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": ".A:::::m~i;og items;", "subsection": "O(J~na\nrtered 'w \nI O t,.ccoun\\an\\s ::: I", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8127f3330123898b"}, {"chunk_id": "984b3b5d13f436d9", "content": "presentation. By order of the Board of Directors For Kotak Mahindra Bank Limited o ani Managing Director and Chief Executive Officer Mumbai, 26th July, 2025 Deloitte Haskins & Sells 19th Floor, Shapath-V S.G. Highway Ahmedabad - 380015 Gujarat, India Tel: +91 79 6682 7300 Fax: +91 79 6682 7400 KKC & Associates LLP Level- I 9, Sunshine Tower, Senapati Bapat Marg, Elphinstone Road, Mumbai - 40001 3 Maharashtra, India Independent Auditors' Review Report on unaudited standalone financial results for the quarter ended 30 June 2025 of Kotak Mahindra Bank Limited pursuant to Regulation 33 and Regulation 52 read with Regulation 63(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. To The Board of Directors of Kotak Mahindra Bank Limited", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": ".A:::::m~i;og items;", "subsection": "O(J~na\nrtered 'w \nI O t,.ccoun\\an\\s ::: I", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8127f3330123898b"}, {"chunk_id": "6fcd6fa5ed497c01", "content": "I. We have reviewed the accompanying Statement of unaudited standalone financial results of Kotak Mahindra Bank Limited (the \"Bank\") for the quarter ended 30 June 2025 (the \"Statement\"), being submitted by the Bank pursuant to the requirement of Regulation 33 and Regulation 52 read with Regulation 63(2) of the Securities and Exchange Board oflndia (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the \"Listing Regulations\") except for the disclosures relating to consolidated Pillar 3 as at 30 June 2025, including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel III Capital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in Note 8 of the Statement and have not been reviewed by us. We have initialled the Statement for identification purposes only. 2. This Statement, which is the responsibility of the Bank's Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Accounting Standard 25 \" Interim Financial Reporting\" (\"AS 25\"), prescribed under Section 133 of the Companies Act, 201 3 read with relevant rules issued thereunder, in so far as they apply to Banks, the relevant provisions of the Banking Regulation Act, 1949, the circulars,", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": ".A:::::m~i;og items;", "subsection": "O(J~na\nrtered 'w \nI O t,.ccoun\\an\\s ::: I", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7ee9aa0c6f28db8e"}, {"chunk_id": "8b3d5304418efe7f", "content": "Section 133 of the Companies Act, 201 3 read with relevant rules issued thereunder, in so far as they apply to Banks, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bank of India (\"RBI\") from time to time (the \"RBI Guidelines\") and other accounting principles generally accepted in India, and in compliance with Regulation 33 and Regulation 52 read with Regulation 63(2) of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity.', issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of Bank's personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. 4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": ".A:::::m~i;og items;", "subsection": "O(J~na\nrtered 'w \nI O t,.ccoun\\an\\s ::: I", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7ee9aa0c6f28db8e"}, {"chunk_id": "a5ea92e7a118f251", "content": "4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in AS 25 prescribed under Section 133 of the Companies Act, 20 13 read with relevant rules issued thereunder, in so far as they apply to Banks, the RBI Guidelines and other accounting principles generally accepted in India, has not disclosed th'e information required to be disclosed in terms of Regulation 33 and Regulation 52 read with Regulation 63(2) of the Listing Regulations, including the manner in which it is to be disclosed or .,,-:::.=~that it contains any material misstatement or that it has not been prepared in accordance with the", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": ".A:::::m~i;og items;", "subsection": "O(J~na\nrtered 'w \nI O t,.ccoun\\an\\s ::: I", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7ee9aa0c6f28db8e"}, {"chunk_id": "c0fa1809e9e72ae3", "content": "0P-5 K1,i, evant prudential norms issued by the Reserve Bank of India in respect of Income recognition, ,✓-;:::::==:::::::, {:Iv ~ s t classi ft cation, provisioning and other related matters, except for the disclosures relating t s SOC/ _ CHA EREO (J) fl> 'XI. ~ 0 ACC ANTS rn ~ V'1 t\" 1 ::: Chartered (I) o * 0 ~ I Accountants ~ Deloitte Haskins & Sells KKC & Associates LLP Level-I 9, Sunshine Tower, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013 Maharashtra, India 19111 Floor, Shapath-V S.G. Highway Ahmedabad - 3 80 015 Gujarat, India Tel: +9 1 79 6682 7300 Fax: +91 79 6682 7400 consolidated Pillar 3 as at 30 June 2025, including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel Ill Capital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in Note 8 to the Statement and have not been reviewed by us. 5. The unaudited standalone financial results of the Bank for the quarter ended 30 June 2024 were reviewed by KKC & Associates LLP and Price Waterhouse LLP whose report dated 20 July 2024, expressed an unmodified conclusion on those unaudited standalone financial results. Accordingly, Deloitte Haskins & Sells does not express any conclusion on the figures reported in the Statement for the corresponding quarter ended 30 June 2024. For Deloitte Haskins & Sells Chartered Accountants (Firm Registration No. 117365W) For KKC & Associates LLP Chartered Accountants", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "0P-5 K1,i, \nevant prudential norms issued by the Reserve Bank of India in respect of Income recognition, ,✓-;:::::==:::::::, \n{:Iv ~ s t classi ft cation, provisioning and other related matters, except for the disclosures relating t \ns SOC/ \n_ \nCHA \nEREO \n(J) \nfl> \n'XI. \n~ \n0 ACC \nANTS rn \n~ \nV'1 \nt\" \n1 \n::: \nChartered (I) \no * 0 \n~ I Accountants ~", "subsection": "O(J~na\nrtered 'w \nI O t,.ccoun\\an\\s ::: I", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ae07eb2f1f790668"}, {"chunk_id": "c6f5c04a5190f6c7", "content": "~ Gautam Shah Partner Membership No. 117348 UDIN: .25\\l=J, ~~PSMO BeABJSI Place: Mumbai Date: 26 July 2025 G. K. S ramaniam Partner Membership No. 109839 UDIN: 2.510 '\\6:3 \"\\BM1>f'f Place: Mumbai Date: 26 July 2025 KOTAK MAHINDRA BANK LIMITED (STANDALONE) CIN: L65110MH1985PLC038137 Registered Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051 UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED 30th JUNE, 2025 ~ crore Quarter ended Year ended Particulars 30-Jun-25 31-Mar-25 30-Jun-24 31-Mar-25 (Unaudited) (Audited) (Unaudited) (Audited) !Refer Note 2\\ Interest earned (a+b+c+d) 13,836.54 13,529.77 12,746.11 52,919.73 a) Interest/discount on advances/ bills 10,614.51 10,485.22 9,779.27 40,746.17 b) Income on investments 2,869.27 2,743.35 2,592.18 10,828.90 (c) Interest on balances with Reserve Bank of 219.02 153.29 271.80 894.53 India (RBI) & other interbank funds d) Others 133.74 147.91 102.86 450.13 Other income (Refer Note 3) 3,079.98 3,182.46 2,929.04 11 ,418.49 Total income (1+2) 16,916.52 16,712.23 15,675.15 64,338.22 Interest expended 6,577.25 6,246.20 5,903.76 24,577.95 Operating expenses (a+b) 4,775.58 4,993.83 4,517.28 18,753.70 a) Employee cost (Refer Note 4) 2,065.52 2,106.26 1,870.50 7,880.63 b) Other operatinq expenses 2,710.06 2,887.57 2,646.78 10,873.07 Total expenditure (4+5) 11,352.83 11 ,240.03 10,421.04 43,331.65 (excludinq provisions & continaencies) Operating profit (3-6) 5,563.69 5,472.20 5,254.11 21,006.57 (Profit before provisions and continqencies) Provisions (other than tax) and contingencies 1,207.76 909.38 578.48 2,942.36", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "~ \nGautam Shah \nPartner \nMembership No. 117348 \nUDIN: .25\\l=J, ~~PSMO BeABJSI \nPlace: Mumbai \nDate: 26 July 2025", "subsection": "Particulars \n30-Jun-25 \n31-Mar-25 \n30-Jun-24 \n31-Mar-25 \n(Unaudited) \n(Audited) \n(Unaudited) \n(Audited) \n!Refer Note 2\\ \nInterest earned (a+b+c+d) \n13,836.54 \n13,529.77 \n12,746.11 \n52,919.73 \na) Interest/discount on advances/ bills \n10,614.51 \n10,485.22 \n9,779.27 \n40,746.17 \nb) Income on investments \n2,869.27 \n2,743.35 \n2,592.18 \n10,828.90 \n(c) Interest on balances with Reserve Bank of \n219.02 \n153.29 \n271.80 \n894.53 \nIndia (RBI) & other interbank funds \nd) Others \n133.74 \n147.91 \n102.86 \n450.13 \nOther income (Refer Note 3) \n3,079.98 \n3,182.46 \n2,929.04 \n11 ,418.49 \nTotal income (1+2) \n16,916.52 \n16,712.23 \n15,675.15 \n64,338.22 \nInterest expended \n6,577.25 \n6,246.20 \n5,903.76 \n24,577.95 \nOperating expenses (a+b) \n4,775.58 \n4,993.83 \n4,517.28 \n18,753.70 \na) Employee cost (Refer Note 4) \n2,065.52 \n2,106.26 \n1,870.50 \n7,880.63 \nb) Other operatinq expenses \n2,710.06 \n2,887.57 \n2,646.78 \n10,873.07 \nTotal expenditure (4+5) \n11,352.83 \n11 ,240.03 \n10,421.04 \n43,331.65 \n(excludinq provisions & continaencies) \nOperating profit (3-6) \n5,563.69 \n5,472.20 \n5,254.11 \n21,006.57 \n(Profit before provisions and continqencies) \nProvisions (other than tax) and contingencies \n1,207.76 \n909.38 \n578.48 \n2,942.36 \n(Refer Note 5) \nExceptional items Refer Note 6) \n-\n-\n3,519.90 \n3,519.90 \nProfit from ordinary activities before tax (7-8+9\\ \n4,355.93 \n4,562.82 \n8,195.53 \n21,584.11 \nTax expense \n1,074.25 \n1,011 .08 \n1,945.71 \n5,134.03 \nNet Profit from ordinary activities after tax (10-\n3,281.68 \n3,551.74 \n6,249.82 \n16,450.08 \n11) \nExtraordinary items (net of tax expense) \n-\n-\n-\n-\nNet Profit (12-13) \n3,281.68 \n3,551.74 \n6,249.82 \n16,450.08 \nPaid up equity share capital - (of Face Value f 5 \n994.16 \n994.11 \n993.98 \n994.11 \nper share) \nReserves (excludinq revaluation reserves) \n116,151.51 \nAnalytical Ratios \n(i) Percentage of shares held by Government of \n-\n-\n-\n-\nIndia \nii) Capital adeauacv ratio - Basel Ill (%) \n23.00 \n22.25 \n22.41 \n22.25 \n(iii) Earnings per equity share before and \nafter extraordinary items (net of tax \nexpense)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ca56e7749b9c6053"}, {"chunk_id": "315a85e0e96e9e2c", "content": "(excludinq provisions & continaencies) Operating profit (3-6) 5,563.69 5,472.20 5,254.11 21,006.57 (Profit before provisions and continqencies) Provisions (other than tax) and contingencies 1,207.76 909.38 578.48 2,942.36 (Refer Note 5) Exceptional items Refer Note 6) - - 3,519.90 3,519.90 Profit from ordinary activities before tax (7-8+9\\ 4,355.93 4,562.82 8,195.53 21,584.11 Tax expense 1,074.25 1,011 .08 1,945.71 5,134.03 Net Profit from ordinary activities after tax (10- 3,281.68 3,551.74 6,249.82 16,450.08 11) Extraordinary items (net of tax expense) - - - - Net Profit (12-13) 3,281.68 3,551.74 6,249.82 16,450.08 Paid up equity share capital - (of Face Value f 5 994.16 994.11 993.98 994.11 per share) Reserves (excludinq revaluation reserves) 116,151.51 Analytical Ratios (i) Percentage of shares held by Government of - - - - India ii) Capital adeauacv ratio - Basel Ill (%) 23.00 22.25 22.41 22.25 (iii) Earnings per equity share before and after extraordinary items (net of tax expense) - Basic (not annualised) ~ 16.51 17.86 31.44 82.74 - Diluted (not annualised) ~ 16.50 17.86 31.44 82.74 iv) NPA Ratios a) Gross NPA 6,637.70 6,133.85 5,477.15 6,133.85 b) Net NPA 1,530.93 1,343.44 1,376.33 1,343.44 c) % of Gross NPA to Gross Advances 1.48 1.42 1.39 1.42 d) % of Net NPA to Net Advances 0.34 0.31 0.35 0.31 (v) Return on average Assets (%) - (not 0.48 0.54 1.05 2.65 annualised) vi) Debt-Eauity ratio (Refer Note 7.a) 0.17 0.41 0.28 0.41 (vii) Total Debts to Total Assets(%) (Refer Note 3.07 6.98 4.86 6.98 7.a)", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "~ \nGautam Shah \nPartner \nMembership No. 117348 \nUDIN: .25\\l=J, ~~PSMO BeABJSI \nPlace: Mumbai \nDate: 26 July 2025", "subsection": "Particulars \n30-Jun-25 \n31-Mar-25 \n30-Jun-24 \n31-Mar-25 \n(Unaudited) \n(Audited) \n(Unaudited) \n(Audited) \n!Refer Note 2\\ \nInterest earned (a+b+c+d) \n13,836.54 \n13,529.77 \n12,746.11 \n52,919.73 \na) Interest/discount on advances/ bills \n10,614.51 \n10,485.22 \n9,779.27 \n40,746.17 \nb) Income on investments \n2,869.27 \n2,743.35 \n2,592.18 \n10,828.90 \n(c) Interest on balances with Reserve Bank of \n219.02 \n153.29 \n271.80 \n894.53 \nIndia (RBI) & other interbank funds \nd) Others \n133.74 \n147.91 \n102.86 \n450.13 \nOther income (Refer Note 3) \n3,079.98 \n3,182.46 \n2,929.04 \n11 ,418.49 \nTotal income (1+2) \n16,916.52 \n16,712.23 \n15,675.15 \n64,338.22 \nInterest expended \n6,577.25 \n6,246.20 \n5,903.76 \n24,577.95 \nOperating expenses (a+b) \n4,775.58 \n4,993.83 \n4,517.28 \n18,753.70 \na) Employee cost (Refer Note 4) \n2,065.52 \n2,106.26 \n1,870.50 \n7,880.63 \nb) Other operatinq expenses \n2,710.06 \n2,887.57 \n2,646.78 \n10,873.07 \nTotal expenditure (4+5) \n11,352.83 \n11 ,240.03 \n10,421.04 \n43,331.65 \n(excludinq provisions & continaencies) \nOperating profit (3-6) \n5,563.69 \n5,472.20 \n5,254.11 \n21,006.57 \n(Profit before provisions and continqencies) \nProvisions (other than tax) and contingencies \n1,207.76 \n909.38 \n578.48 \n2,942.36 \n(Refer Note 5) \nExceptional items Refer Note 6) \n-\n-\n3,519.90 \n3,519.90 \nProfit from ordinary activities before tax (7-8+9\\ \n4,355.93 \n4,562.82 \n8,195.53 \n21,584.11 \nTax expense \n1,074.25 \n1,011 .08 \n1,945.71 \n5,134.03 \nNet Profit from ordinary activities after tax (10-\n3,281.68 \n3,551.74 \n6,249.82 \n16,450.08 \n11) \nExtraordinary items (net of tax expense) \n-\n-\n-\n-\nNet Profit (12-13) \n3,281.68 \n3,551.74 \n6,249.82 \n16,450.08 \nPaid up equity share capital - (of Face Value f 5 \n994.16 \n994.11 \n993.98 \n994.11 \nper share) \nReserves (excludinq revaluation reserves) \n116,151.51 \nAnalytical Ratios \n(i) Percentage of shares held by Government of \n-\n-\n-\n-\nIndia \nii) Capital adeauacv ratio - Basel Ill (%) \n23.00 \n22.25 \n22.41 \n22.25 \n(iii) Earnings per equity share before and \nafter extraordinary items (net of tax \nexpense)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ca56e7749b9c6053"}, {"chunk_id": "6d2b5116177010c7", "content": "1 ;:: t> Accountants _ 0 0 j. b-. * -;, / ,.. ,.... - The reportable segments of the Bank as per RBI guidelines are as under: Seament Principal activity Corporate/Wholesale Wholesale borrowings and lending and other related services to the corporate sector which are not Bankina included under retail bankina. Retail Bankina Comprises of: Business involving digital banking products acquired by Digital Banking Unit including existing digital Digital Banking banking products as identified by the Management in accordance with the instructions of the RBI vide its circular dated 7th April, 2022. Other Retail Bankina Includes retail lendimi, deposit takina and other retail services/ products other than above. Corporate Centre Balance Sheet Management Unit (BMU) responsible for Asset Liability Management and Corporate Centre which primarily comprises of sunnort functions. Other Bankina business Includes any other business not included in the above. Money market, forex market, derivatives, investments and primary dealership of government securities, f crore Quarter ended Year ended Particulars 30-Jun-25 31-Mar-25 30-Jun-24 31-Mar-25 (Unaudited) (Audited) (Unaudited) (Audited) /Refer Note 2) a. Coroorate/ Wholesale Bankina 6,267.06 6,678.37 5,786.06 24,786.28 b. Retail Bankina* 8,650.55 8,762.97 7,945.64 33,829.72 (i) Digital Bankina 545.41 556.22 503.97 2,171.33 ii) Other Retail Banking 8,105.14 8,206.75 7,441.67 31,658.39 d. Other Bankina business - - - - C. Treasurv, BMU and Corporate Centre", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "1 \n;:: \nt> Accountants _ \n0 \n0 \nj. \nb-. \n* \n-;, \n/ \n,.. \n,.... \n-", "subsection": "Add : Share Capital & Reserves & surplusA -\n123,428.20 \n117,145.62 \n106,308.~ \n?';,V\\.:/.1,'l'X\\, 145.62", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2b389dea39af3848"}, {"chunk_id": "2498b4e9088ab2da", "content": "8,650.55 8,762.97 7,945.64 33,829.72 (i) Digital Bankina 545.41 556.22 503.97 2,171.33 ii) Other Retail Banking 8,105.14 8,206.75 7,441.67 31,658.39 d. Other Bankina business - - - - C. Treasurv, BMU and Corporate Centre 3,721.93 2,809.74 $3,206.14 $11 ,703.39 Sub-total 18,639.54 18,251.08 16,937.84 70,319.39 Less: lnter-seamental revenue 1,723.02 1,538.85 1,262.69 5,981.17 Total 16,916.52 16,712.23 15,675.15 64,338.22 a. Coroorate/ Wholesale Banking 1,878.07 2,333.25 1,643.94 7,890.16 b. Retail Bankina* 1,080.20 1,495.53 1,438.30 5,858.18 i) Diaital Bankina 1.71 36.11 57.94 284.45 C. Treasurv, BMU and Coroorate Centre# 1,397.66 734.04 5,113.29 7,835.77 ii) Other Retail Bankina 1,078.49 1,459.42 1,380.36 5,573.73 d. Other Bankina business - - - - Total Profit Before Tax 4,355.93 4,562.82 8,195.53 21,584.1 1 a. Corporate I Wholesale Bankina 277,461.84 274,494.22 244,559.63 274,494.22 T b. Retail Bankino* 452,760.73 443,829.55 380,099.16 443,829.55 (ii) Other Retail Banking 452,709.14 443,776.56 380,064.18 443,776.56 i) Diaital Bankino 51 .59 52.99 34.98 52.99 c. Treasury, BMU and Coroorate Centre 199,726.94 217,430.77 171,577.58 217,430.77 d. Other Banking business - - - - Sub-total 929,949.51 935,754.54 796,236.37 935,754.54 Less : Inter-segmental Assets 240,940.80 242,130.36 191 ,288.55 242,130.36 Total 689,008.71 693,624.18 604,947.82 693,624.18 Add : Unallocated Assets - - - - Total Assets as per Balance Sheet 689,008.71 693,624.18 604,947.82 693,624.18 4 Segment Liabilities a. Corporate I Wholesale Banking 247,877.75 244,021.51 227,560.38 244,021.51 b. Retail Banking* 404,213.28 395,970.73 349,229.39", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "1 \n;:: \nt> Accountants _ \n0 \n0 \nj. \nb-. \n* \n-;, \n/ \n,.. \n,.... \n-", "subsection": "Add : Share Capital & Reserves & surplusA -\n123,428.20 \n117,145.62 \n106,308.~ \n?';,V\\.:/.1,'l'X\\, 145.62", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2b389dea39af3848"}, {"chunk_id": "0e081dc734d27a0f", "content": "- - - Total Assets as per Balance Sheet 689,008.71 693,624.18 604,947.82 693,624.18 4 Segment Liabilities a. Corporate I Wholesale Banking 247,877.75 244,021.51 227,560.38 244,021.51 b. Retail Banking* 404,213.28 395,970.73 349,229.39 395,970.73 i) Diaital Bankina 19,904.26 19,063.17 15,683.22 19,063.17 c. Treasury, BMU and Coroorate Centre 152,769.93 177,867.83 111,978.39 177,867.83 (ii) Other Retail Banking 384,309.02 376,907.56 333,546.1 7 376,907.56 d. Other Bankina business - - - - Sub-total 804,860.96 817,860.07 688,768.16 817,860.07 Less : Inter-segmental Liabilities 240,940.80 242,130.36 191,288.55 242,130.36 Total 563,920.16 575,729.71 497,479.61 575,729.71 Add : Unallocated liabilities 1,660.35 748.85 1,159.80 - 748.85 Add : Share Capital & Reserves & surplusA - 123,428.20 117,145.62 106,308.~ ?';,V\\.:/.1,'l'X\\, 145.62", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "1 \n;:: \nt> Accountants _ \n0 \n0 \nj. \nb-. \n* \n-;, \n/ \n,.. \n,.... \n-", "subsection": "Add : Share Capital & Reserves & surplusA -\n123,428.20 \n117,145.62 \n106,308.~ \n?';,V\\.:/.1,'l'X\\, 145.62", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2b389dea39af3848"}, {"chunk_id": "459e3867d1488d93", "content": "~ ,\\ 689,008.71 693,624.18 604,941 i f4.18 Sheet - ____ .,0 I'\\',,, Total CapitaLand Liabilities as per B~~r~I< ~~ I c.> ACCOU01c:1111~ - / Segment results are net of segment revenues and segment expenses including interdivisional items. * RBl's Master Direction on Financial Statements - Presentation and Disclosures, requires to divide the 'Retail banking' into (a) Digital Banking (as defined in RBI circular on Establishment of Digital Banking Units dated April 7, 2022) and (b) Other Retail Banking segment. $ Excluding exceptional item (Refer Note 6) # Including exceptional item (Refer Note 6) \" Including items in Note 6. NOTES: 1. The above standalone financial results were approved at the meeting of the Board of Directors held on 26th July, 2025. The results for the quarter ended 30th June, 2025 were subjected to limited review by the joint statutory auditors (KKC & Associates LLP, Chartered Accountants and Deloitte Haskins & Sells, Chartered Accountants) of the Bank, who have issued an unmodified review report thereon. The results for the quarter ended 30th June 2024 were reviewed by other joint statutory auditors (KKC & Associates LLP, Chartered Accountants and Price Waterhouse LLP, Chartered Accountants). 2. The figures for the quarter ended 31 st March, 2025 are balancing figures between audited published figures for financial year ended 31st March, 2025 and the unaudited published figures for nine months ended 3151 December, 2024. 3.", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "~ ,\\ \n689,008.71 \n693,624.18 \n604,941 \ni f4.18 \nSheet -\n____ \n.,0 \nI'\\',,,", "subsection": "Total CapitaLand Liabilities as per B~~r~I< ~~", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "87dfcb02026fa290"}, {"chunk_id": "5d07720fdd509de8", "content": "ended 31st March, 2025 and the unaudited published figures for nine months ended 3151 December, 2024. 3. Other Income includes non-fund based income such as commission earned from guarantees / letters of credit, selling of third party products, general banking fees, earnings from foreign exchange transactions, profit/ (loss) (including revaluation) from sale, income earned by way of dividend, etc. from Subsidiaries/Associates and revaluation of eligible category of investments. 4. During the quarter, the Bank has granted 287,820 options under employee stock option scheme(s). The Bank has allotted 97,323 equity shares during the quarter pursuant to the exercise of options and 3,510,196 stock options were outstanding with concerned employees as at 30th June, 2025. 5. Provisions and contingencies are net of recoveries made against loan accounts which have been written off as bad. \"Provisions and contingencies\" includes provisions on applicable Alternate Investments Funds (\"AIF\") Investments pursuant to RBI circulars dated 19th December, 2023 and 27th March, 2024 of~ 8.41 crore for the quarter ended 30th June, 2025, ~ 56.23 crore for the quarter ended 31st March, 2025, NIL for the quarter ended 30th June, 2024, and~ 46.90 crore for the year ended 3151 March, 2025. 6. On 18th June, 2024, the Bank had completed the divestment of 70% stake (through a combination of fresh growth capital", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "~ ,\\ \n689,008.71 \n693,624.18 \n604,941 \ni f4.18 \nSheet -\n____ \n.,0 \nI'\\',,,", "subsection": "Total CapitaLand Liabilities as per B~~r~I< ~~", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "87dfcb02026fa290"}, {"chunk_id": "395899c45a6fa8bc", "content": "ended 3151 March, 2025. 6. On 18th June, 2024, the Bank had completed the divestment of 70% stake (through a combination of fresh growth capital and share sale) in its subsidiary Kotak Mahindra General Insurance Company Limited (\"KGI\") to Zurich Insurance Company Limited (\"Zurich\"). The Bank sold 553,181,595 equity shares of KGI for a consideration of~ 4,095.82 crore, resulting in net gain from such sale of~ 3,519.90 crore (pre-tax) which has been disclosed as an exceptional item in the results for the quarter ended 30th June, 2024 and for the year ended 31 st March, 2025. Consequent to this sale, KGI ceases to be a subsidiary of the Bank and became an Associate with effect from 18th June, 2024. The Bank continues to hold the remaining 30% of the share capital of Zurich Kotak General Insurance Company (India) Limited (formerly known as Kotak Mahindra General Insurance Company Limited) as at 30th June, 2025. 7. Information as required pursuant to Regulation 52(4)\"of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: a. Methodology for computation of the ratios is as follows: Debt-Eauitv ratio Represents the ratio of Borrowinas/Sum of Capital and Reserves and Surplus Total Debts to Total Assets (%) Represents Borrowina s/T otal Assets Net worth Calculated as per the Master Circular - Exposure Norms issued bv the RBI. b.", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "~ ,\\ \n689,008.71 \n693,624.18 \n604,941 \ni f4.18 \nSheet -\n____ \n.,0 \nI'\\',,,", "subsection": "Total CapitaLand Liabilities as per B~~r~I< ~~", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "87dfcb02026fa290"}, {"chunk_id": "35c4409c9950ed74", "content": "Total Debts to Total Assets (%) Represents Borrowina s/T otal Assets Net worth Calculated as per the Master Circular - Exposure Norms issued bv the RBI. b. Basis nature of the Bank's business, the ratio's considered to be not applicable are Current Ratio, Long term debt to working capital, Bad debts to Account receivable ratio, Current liability ratio, Debt turnover, Inventory turnover, Operating margin % and Net profit margin %. 8. In accordance with the RBI guidelines, Banks are required to make consolidated Pillar 3 disclosures including leverage ratio, liquidity coverage ratio and Net Stable Funding Ratio (NSFR) under the Basel Ill Framework. These disclosures are available on the Bank's website at the following link: https://www.kotak.com/en/investor-relations/financial-results/regulatory- disclosure.html.These disclosures have not been subjected to audit or limited review. 9. Details of loans transferred /acquired during the quarter ended 30th June, 2025 under the RBI Master Direction on Transfer of Loan Exposures dated 24th September 2021 are as given below: A. Details of Loans not in default a. Transferred to Eligible Lenders: f crore exceot tenor Sr. No Particulars 30th June, 2025 Loan transferred through Assignment/ Novation / Loan Assignment Novation Particioation 1 Aoareoate amount of loans transferred 30.00 30.00 2 Aaareoate consideration received 30.00 N.A. 3 Weiohted averaoe residual maturity (years) 0.83 4.30 4", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "~ ,\\ \n689,008.71 \n693,624.18 \n604,941 \ni f4.18 \nSheet -\n____ \n.,0 \nI'\\',,,", "subsection": "Total CapitaLand Liabilities as per B~~r~I< ~~", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "87dfcb02026fa290"}, {"chunk_id": "fd75892acbff216c", "content": "Assignment Novation Particioation 1 Aoareoate amount of loans transferred 30.00 30.00 2 Aaareoate consideration received 30.00 N.A. 3 Weiohted averaoe residual maturity (years) 0.83 4.30 4 Weiohted averaoe holdino period of orioinator (years) 0.54 0.70 5 Retention of beneficial economic interest 90% 95% 6 Coveraoe of tanoible security coveraoe 100% 100% 7 Ratino-wise distribution of rated loans IND BBB-ve 100% N.A. IVR BBB-ve N.A. 100% b. The Bank has not acquired any Loans not in default. B. Details of Stressed Loans: The Bank has not transferred I acquired any Special Mention Account (SMA) and Non-performing Assets (NPAs). C. Details of the recovery ratings assigned to Security Reciepts as at 30th June, 2025. Recovery Rating\" Anticipated Recovery as per Recovery Carrying Value* (f crore) Ratinq TNR1/R1+/RR1+ >150% NR2/R1/RR1 100% - 150% NR3/R2/RR2 75% - 100% NR4/R3/RR3 50% - 75% NR5/R4/RR4 25%-50% NR6/R5/RR5 0%- 25% Yet to be rated** - Unrated - Total \" - recovery rating is as assigned by various rating agencies. * - Net of provisions. ** - Recent purchases whose statutory period has not elapsed. 26.15 100.58 - - 442.17 0.22 1,202.79 10. The Bank has subsidiaries and associates as at 30th June, 2025 and accordingly, the Unaudited Consolidated Financial Results of the Bank for the quarter ended 30th June, 2025, prepared in accordance with the applicable provisions of law, are also submitted to the concerned Stock Exchanges along with these Standalone Financial Results. 11.", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "~ ,\\ \n689,008.71 \n693,624.18 \n604,941 \ni f4.18 \nSheet -\n____ \n.,0 \nI'\\',,,", "subsection": "Total CapitaLand Liabilities as per B~~r~I< ~~", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "87dfcb02026fa290"}, {"chunk_id": "99e380b06fb08727", "content": "also submitted to the concerned Stock Exchanges along with these Standalone Financial Results. 11. There has been no change to significant accounting policies during the quarter ended 30th June, 2025 as compared to those followed for the year ended 31 st March, 2025. 12. Figures for the previous periods/ year have been regrouped/ reclassified wherever necessary to conform to current period's By order of the Board of Directors For Kotak Mahindra Bank Limited", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "~ ,\\ \n689,008.71 \n693,624.18 \n604,941 \ni f4.18 \nSheet -\n____ \n.,0 \nI'\\',,,", "subsection": "Total CapitaLand Liabilities as per B~~r~I< ~~", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "87dfcb02026fa290"}, {"chunk_id": "9c0f87d5168b7d76", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: Introduction > Maharashtra, India This is a Confidential document. | Page: 1\n\n| July 26, 2025 |  |  |\n|---|---|---|\n| BSE Limited Nationa | l St | ock Exchange of India Limited |\n| Corporate Relationship Department Exchang | e Pla | za, Plot No. C/1, G Block, |\n| Phiroze Jeejeebhoy Towers, Bandra-K | urla | Complex, |\n| Dalal Street, Bandra ( | East) | , |\n| Mumbai 400 001 Mumbai | 400 | 051 |\n| BSE Scrip 500247, 958687, 974396, NSE Sy | mbo | l: KOTAKBANK, KMBL, |\n| Code: 974682, 974924, 975387 |  | KMB26, KMB29, KMB30 |\n| Dear Sirs, |  |  |\n| Sub: Outcome of Board Meeting - Consolidated a | nd | Standalone Unaudited Financial |\n| Results of the Bank for the quarter ended Ju | ne 3 | 0, 2025 |\n| Pursuant to Regulation 30, Regulation 33, Regulation 51 | and | Regulation 52 of the Securities and |\n| Exchange Board of India (Listing Obligation | s | and Disclosure Requirements) |\n| Regulations, 2015 (\"Listing Regulations\"), this is to inform | you | that the Board of Directors of Kotak |\n| Mahindra Bank Limited (\"Bank\") have, at their meeting he | ld to | day, inter alia, considered, reviewed |\n| and approved the Consolidated and Standalone Unaudited Fi | nanc | ial Results of the Bank, for the quarter |\n| ended June 30, 2025, as recommended to them by the Audit | Com | mittee. |\n| A copy of the said Financial Results, along with the Limite | d Re | view Report thereon, submitted by th |\n| Joint Statutory Auditors of the Bank, is enclosed herewith. |  |  |\n| The Board Meeting today commenced at 10:15 a.m. (IST) an | d co | nsideration of the item on approval of |\n| Consolidated and Standalone Unaudited Financial Results, | as s | tated above, concluded at 12:55 p.m. |\n| (IST). The proceedings of the Board Meeting are in progress | at th | e time of filing of this disclosure. |\n| The above information is also being hosted on the Bank's we | bsite | https://www.kotak.com/en/investor- |\n| relations/governance/sebi-listing-disclosures.html in terms | of th | e Listing Regulations. |\n| This is for your information and appropriate dissemination. |  |  |\n| Thanking you, |  |  |\n| Yours faithfully, |  |  |\n| For Kotak Mahindra Bank Limited |  |  |\n| Avan Doomasia |  |  |\n| Company Secretary |  |  |\n| Encl.: as above |  |  |\n| Kotak Mahindra Bank Ltd. |  |  |\n| CIN: L65110MH1985PLC038137 Registered Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, T +91 22 61660001 |  |  |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 1, "section": "Introduction", "subsection": "Maharashtra, India This is a Confidential document.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "1cf8af917c9639ba", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: Introduction > Maharashtra, India This is a Confidential document. | Page: 2\n\n| Del | oitte Haskins | & Sells |  |  | KKC & | Associates LLP |  |\n|---|---|---|---|---|---|---|---|\n| 19th S.G Ah | Floor, Shapath . Highway medabad - 380 | -V 015 |  |  | Level-I 9, Senapati Elphinsto | Sunshine Tower, Bapat Marg, ne Road, |  |\n| Guj Tel: Fax | arat, India +91 79 6682 : +91 79 6682 | 7300 7400 |  |  | Mumbai - Maharash | 4000 I 3 tra, India |  |\n| nde | pendent Audit | ors' Re | view Report o | n unaudited | consolidated fin | ancial results for | the quarter |\n| nde | d 30 June 202 | 5 of Kot | ak Mahindra | Bank Limite | d pursuant to R | egulation 33 of t | he Securities |\n| and | Exchange Boa | rd of I | ndia (Listing | Obligations | and Disclosure | Requirements) | Regulations, |\n| 2015 | , as amended. |  |  |  |  |  |  |\n| To |  |  |  |  |  |  |  |\n| The | Board of Dire | ctors of | Kotak Mahin | dra Bank L | imited |  |  |\n| I. | We have revie | wed th | e accompanyi | ng statement | of unaudited co | nsolidated financ | ial results of |\n|  | Kotak Mahin | dra Ban | k Limited (th | e \"Parent\" or | the \"Bank\"), its | subsidiaries (the | Parent and its |\n|  | subsidiaries to | gether r | eferred to as | the \"Group\") | and its share o | f the net profit af | ter tax of its |\n|  | associates for | the quar | ter ended 30 | June 2025 (t | he \"Statement\"), | being submitted | by the Bank |\n|  | pursuant to th | e requir | ements of Re | gulation 33 o | f the Securities | and Exchange B | oard of India |\n|  | (Listing Obliga | tions a | nd Disclosure | Requirement | s) Regulations, 2 | 015, as amended | (the \"Listing |\n|  | Regulations\"), | except | for the disclo | sures relatin | g to consolidated | Pillar 3 as at 3 | 0 June 2025, |\n|  | including lever | age rati | o, liquidity cov | erage ratio an | d net stable fundi | ng ratio under Ba | sel III Capital |\n|  | Regulations as | have be | en disclosed o | n the Bank's | website and in r | espect of which a | link has been |\n|  | provided in N | ote 9 of | the Statemen | t and have n | ot been reviewed | by us. We have | initialled the |\n|  | Statement for i | dentific; | ation purposes | only. |  |  |  |\n| 2. | This Statement | , which | is the respons | ibility of the | Bank's Managem | ent and has been | approved by |\n|  | the Bank's B | oard of | Directors, ha | s been prep | ared in accorda | nce with the rec | ognition and |\n|  | measurement | principl | es laid down | in Accounti | ng Standard 25, | Interim Financi | al Reporting |\n|  | (\"AS 25\"), pre | scribed | under Sectio | n 133 of the | Companies Act, | 2013 read with | relevant rules |\n|  | issued thereun | der, in | so far as the | y apply to B | anks, the releva | nt provisions of | the Banking |\n|  | Regulation Ac | t, 1949, | the circulars, g | uidelines an | d directions issue | d by the Reserve | Bank oflndia |\n|  | (\"RBI\") from | time to | time (the \"R | BI Guideline | s\") and other a | ccounting princip | les generally |\n|  | accepted in I | ndia, an | d in complia | nce with Re | gulation 33 of | the Listing Reg | ulations. Our |\n|  | responsibility i | s to exp | ress a conclus | ion on the Sta | tement based on | our review. |  |\n| 3. | We conducted | our r | eview of the | Statement i | n accordance w | ith the Standard | on Review |\n|  | Engagements | (SRE) | 2410 - 'Rev | iew of Inter | im Financial In | formation Perfo | rmed by the |\n|  | Independent A | uditor o | f the Entity' i | ssued by the | Institute of Char | tered Accountan | ts of India. A |\n|  | review of inter | im finan | cial informatio | n consists of | making inquiries | , primarily of Ban | k's personnel |\n|  | responsible fo | r financ | ial and acco | unting matte | rs, and applying | analytical and | other review |\n|  | procedures. A | review i | s substantially | less in scope | than an audit co | nducted in accord | ance with the |\n|  | Standards on | Auditin | g specified u | nder Section | 143 ( I 0) of th | e Com parties Ac | t, 20 I 3, and |\n|  | consequently d | oes not | enable us to ob | tain assuran | ce that we would | become aware of | all significant |\n|  | matters that m | ight be i | dentified in an | audit. Accor | dingly, we do no | t express an audit | opinion. |\n|  | We also perfo | rmed p | rocedures in | accordance | with the circular | issued by the S | ecurities and |\n|  | change Boa | rd of In | dia under Reg | ulation 33(8) | of the Listing R | egulations, as am | ended, to the |\n|  | tent applicab | le. |  |  |  |  |  |\n|  |  |  |  |  |  |  | 1 |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 2, "section": "Introduction", "subsection": "Maharashtra, India This is a Confidential document.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "9513a0431c61fbe9", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: '<' \n'11<5' \n/.-..0 \n(/}. \n1--\nCHART ED Q • conclusion on the Statement is not modified in respect of these matters. \n0 ACCOU \nMTS /TJ \nt \n::: \n0 \nC;, | Page: 3\n\n|  | 19th S.G Ah | Floor, Shapath- . Highway medabad - 3800 | V 15 |  |  | Level Senap Elphi | -I 9, Sunshine ati Bapat Marg nstone Road, | Towe , | r, |\n|---|---|---|---|---|---|---|---|---|---|\n|  | Guj Tel: Fax | arat, India +91 79 6682 7 : +91 79 6682 7 | 300 400 |  |  | Mumb Maha | ai -400013 rashtra, India |  |  |\n|  | 4. | The Statement i | ncludes the r | esults/infor | mation of th | e entities refe | rred in Annex | ure I. |  |\n|  | 5. | Based on our rev | iew conduct | ed and proc | edures perfo | rmed as state | d in paragraph | 3 abo | ve and based |\n|  |  | on the considera | tion of the re | view/audit | reports of ot | her auditors, | referred to in p | arag | raph 6 below, |\n|  |  | nothing has co | me to our at | tention that | causes us t | o believe th | at the accomp | anyin | g Statement, |\n|  |  | prepared in acc | ordance wit | h the recog | nition and m | easurement | principles laid | dow | n in AS 25, |\n|  |  | prescribed und | er Section I | 33 of the | Companies | Act, 2013 r | ead with rele | vant | rules issued |\n|  |  | thereunder, in s | o far as they | apply to B | anks, the RB | I Guidelines, | and other acc | ounti | ng principles |\n|  |  | generally accep | ted in India, | has not dis | closed the i | nformation r | equired to be | discl | osed in terms |\n|  |  | with the require | ments of Re | gulation 33 | of the Listin | g Regulation | s, including th | e ma | nner in which |\n|  |  | it is to be disclos | ed, or that it | contains an | y material m | isstatement, e | xcept for the d | isclo | sures relating |\n|  |  | to consolidated | Pillar 3 discl | osure as at | 30 June 202 | 5, including l | everage ratio, | liqui | dity coverage |\n|  |  | ratio and net sta | ble funding r | atio under | Basel III Cap | ital Regulatio | ns as have bee | n dis | closed on the |\n|  |  | Bank's website | and in respe | ct of which | a link has b | een provided | in Note 9 of | the S | tatement and |\n|  |  | have not been r | eviewed by u | s. |  |  |  |  |  |\n|  | 6. | We did not revi | ew/audit the | interim fin | ancial result | s of 4 subsidi | aries, included | in t | he Statement, |\n|  |  | whose interim' | financial res | ults reflect | total revenu | es of { 8,67 | 2.04 crore (be | fore | consolidation |\n|  |  | adjustments) fo | r the quarter | ended 30 | June 2025 a | nd total net p | rofit after tax | of { | 979.61 crore |\n|  |  | (before consoli | dation adjust | ments) for | the quaiter | ended 30 Jun | e 2025. These | inte | rim financial |\n|  |  | results have be | en reviewe | d/audited b | y other aud | itors whose | review/audit r | epor | ts have been |\n|  |  | furnished to us | by the Pare | nt's Manage | ment, and o | ur conclusio | n on the State | ment | in so far as it |\n|  |  | relates to the am | ounts and d | isclosures i | ncluded in re | spect of thes | e subsidiaries, | is ba | sed solely on |\n|  |  | the review/audi | t repo1ts of s | uch other r | espective au | ditors, and th | e procedures p | erfor | med by us as |\n|  |  | stated in paragr | aph 3 above. |  |  |  |  |  |  |\n|  |  | The unaudited | interim finan | cial results | of I subsidi | ary included | in the Stateme | nt, | whose interim |\n|  |  | financial result | s reflect total | revenues o | f { 1,446.17 | crore (befor | e consolidatio | n adj | ustments) for |\n|  |  | the quarter ende | d 30 June 20 | 25 and tota | l net profit af | ter tax on 4 | 65.35 crore (be | fore | consolidation |\n|  |  | adjustments) fo | r the quarter | ended 30 J | une 2025, h | as been revie | wed by one of | the j | oint auditors, |\n|  |  | whose review | report has | been furnis | hed to us | by the Pare | nt's Managem | ent. | Accordingly, |\n|  |  | conclusion of o | ne of the joi | nt auditors, | KKC & As | sociates LLP | on the State | ment | in so far as it |\n|  |  | relates to the a | mounts and d | isclosures i | ncluded in re | spect of this | subsidiary, is | based | solely on the |\n| ,,.-;p:.:.:s:: '<' 0 CHAR | :,::<::,:::' '11<5 T ED | review report o 3 above. ' (/Q}. • conclusion | f the other jo on the State | int auditor, ment is not | and the proc modified in | edures perfo respect of the | rmed by us as s se matters. | tated | in paragraph |\n| ACCOU 0 | MTS C; | : :/T:J , |  |  |  |  |  |  |  |\n|  |  |  |  |  |  |  |  |  | 2 |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "'<' \n'11<5' \n/.-..0 \n(/}. \n1--\nCHART ED Q • conclusion on the Statement is not modified in respect of these matters. \n0 ACCOU \nMTS /TJ \nt \n::: \n0 \nC;,", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "46793e2f00241c24", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: '<' \n'11<5' \n/.-..0 \n(/}. \n1--\nCHART ED Q • conclusion on the Statement is not modified in respect of these matters. \n0 ACCOU \nMTS /TJ \nt \n::: \n0 \nC;, > 7. \nThe Statement includes the interim financial information of 14 subsidiaries, which have not been \nreviewed by their respective auditors, and whose interim financial information reflect total \nrevenues ofz 706.75 crore (before consolidation adjustments) for the quarter ended 30 June 2025 \nand total net profit after tax of z 240.77 crore (before consolidation adjustments) for the quarter \nended 30 June 2025. The Statement also includes the Group's share of net profit after tax of z \n43.05 crore for the quarter ended 30 June 2025, as considered in the Statement, in respect of three \nassociates, which have not been reviewed/audited by their respective auditors and whose interim \nfinancial information has been furnished to us by the Parent's Management. According to the | Page: 4\n\n| Floor, Shap | ath-V |  |  | Lev | el-I 9, Suns | hine Tow | er, |\n|---|---|---|---|---|---|---|---|\n| . Highway |  |  |  | Sena Elph | pati Bapat instone R | Marg, oad, |  |\n| medabad-3 arat, India | 80 015 |  |  | Mu _Mah | mbai -400 arashtra, I | 013 ndia |  |\n| +91 79 66 : +91 79 668 | 82 7300 2 7400 |  |  |  |  |  |  |\n| The Stateme | nt includes the | interim | financial info | rmation of 14 | subsidiarie | s, which | have not been |\n| reviewed b | y their respect | ive audi | tors, and wh | ose interim f | inancial in | formatio | n reflect total |\n| revenues of | z 706.75 crore | (before c | onsolidation | adjustments) f | or the quar | ter ended | 30 June 2025 |\n| and total ne | t profit after ta | x of z 24 | 0.77 crore (b | efore consolid | ation adju | stments) | for the quarter |\n| ended 30 Ju | ne 2025. The | Statemen | t also includ | es the Group's | share of | net profit | after tax of z |\n| 43.05 crore | for the quarter | ended 30 | June 2025, a | s considered in | the State | ment, in r | espect of three |\n| associates, | which have not | been rev | iewed/audite | d by their resp | ective aud | itors and | whose interim |\n| financial inf | ormation has | been fur | nished to us | by the Parent' | s Manage | ment. Ac | cording to the |\n| information | and explanatio | ns given | to us by the M | anagement, th | is interim | financial | information of |\n| these entitie | s is not materia | l to the G | roup. |  |  |  |  |\n| Our conclus | ion on the Stat | ement is | not modified | in respect of th | is matter. |  |  |\n| The followi | ng other matte | r paragra | ph has been | included in th | e audit rep | ort on S | pecial Purpose |\n| Financial In | formation of | Kotak M | ahindra Life | Insurance C | ompany L | imited (' | K-LIFE'), the |\n| subsidiary o | f the Parent, i | ssued by | the joint aud | itors of K-LIF | E vide th | eir report | dated I 8 July |\n| 2025: |  |  |  |  |  |  |  |\n| \"The actuar | ial valuation of | liabilitie | s for life poli | cies in force a | nd for poli | cies in re | spect of which |\n| premium ha | s been disconti | nued but | liability exis | ts as at 30 Jun | e 2025 is | the respo | nsibility of the |\n| Company's | Appointed Act | uary (the | \"Appointed A | ctuary\"). The | actuarial v | aluation o | f the liabilities |\n| for life poli | cies in force an | d for po | licies in respe | ct of which pr | emium ha | s been di | scontinued but |\n| liability exi | sts as at 30 Ju | ne 2025 | has been dul | y certified by | the Appoi | nted Actu | ary and in his |\n| opinion, the | actuarial liab | ilities h | ave been cal | culated in acc | ordance w | ith gene | rally accepted |\n| actuarial pr | inciples, the re | quiremen | ts of the Ins | urance Act, 19 | 38, Insura | nce Act | (Amendment), |\n| 2015, releva | nt !RDA regul | ations an | d the Actuari | al Practice Sta | ndards and | Guidanc | e Notes of the |\n| Institute of | Actuaries of In | dia. We | have relied | upon the Appo | inted Act | uary's ce | rtificate in this |\n| regard durin | g our audit of | the valu | ation of liabil | ities for life p | olicies in f | orce and | for policies in |\n| respect of w | hich premium h | as been | discontinued | but liability exi | sts as at 30 | June 202 | 5, as contained |\n| in the Spec | ial Purpose Fin | ancial I | nformation o | f the Company | . Our opi | nion is n | ot modified in |\n| respect of th | is matter\" |  |  |  |  |  |  |\n| r conclus | ion is not mod | ified in r | espect of this | matter. |  |  |  |\n|  |  |  |  |  |  |  | 3 |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "'<' \n'11<5' \n/.-..0 \n(/}. \n1--\nCHART ED Q • conclusion on the Statement is not modified in respect of these matters. \n0 ACCOU \nMTS /TJ \nt \n::: \n0 \nC;,", "subsection": "7. \nThe Statement includes the interim financial information of 14 subsidiaries, which have not been \nreviewed by their respective auditors, and whose interim financial information reflect total \nrevenues ofz 706.75 crore (before consolidation adjustments) for the quarter ended 30 June 2025 \nand total net profit after tax of z 240.77 crore (before consolidation adjustments) for the quarter \nended 30 June 2025. The Statement also includes the Group's share of net profit after tax of z \n43.05 crore for the quarter ended 30 June 2025, as considered in the Statement, in respect of three \nassociates, which have not been reviewed/audited by their respective auditors and whose interim \nfinancial information has been furnished to us by the Parent's Management. According to the", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "1e2b32286735c24d", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: ~ \nGautam Shah \nPartner \nMembership No. 117348 \nUDIN: 2.SH1'.3'1881\"'106E &3'-t \", \nPlace: Mumbai \nDate: 26 July 2025 | Page: 5\n\n| Deloitte Haskins & Sell | s | KKC | & | Associates | LLP |  |\n|---|---|---|---|---|---|---|\n| \\ 9th Floor, Shapath-V S.G. Highway Ahmedabad - 380015 |  | Leve Sena Elphi | l-I 9 pati nsto | , Sunshine Bapat Mar ne Road, | Tower, g, |  |\n| Gujarat, India Tel: +91 79 6682 7300 Fax:+917966827400 |  | Mum Maha | bai ras | -400013 htra, India |  |  |\n| . The unaudited consol | idated financial results of the G | roup for the | qua | rter ended | 30 June 202 | 4 were |\n| reviewed by K.KC & | Associates LLP and Price Wat | erhouse LLP | wh | ose report d | ated 20 Jul | y 2024, |\n| expressed an unmo | dified conclusion on those | unaudited | con | solidated | financial | results. |\n| Accordingly, Deloitt | e Haskins & Sells does not exp | ress any con | clus | ion on the | figures repo | rted in |\n| the Statement for the | corresponding quarter ended 3 | 0 June 2024. |  |  |  |  |\n| For Deloitte Haskins & | Sells | For KKC & | Ass | ociates LL | P |  |\n| Chartered Accountants |  | Chartered Ac | cou | ntants |  |  |\n| (Firm Registration No. 1 | 17365W) | (Firm Registr | atio | n No. I 05 | 146W/ WI 0 | 0621) |\n|  | ~ |  |  |  |  |  |\n| G! u£ |  | ~ Gautam Sha Partner | h |  |  |  |\n| Partner Membership No. I 09839 UDfN: ~S-\\ OC\\8\":)\"IGM Place: Mumbai | OP'( Q.\\ so f> | Membership UDIN: 2.SH Place: Mumb | No. 1'.3 ai | 117348 '1881\"'10 | 6E &3'-t \" | , |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "~ \nGautam Shah \nPartner \nMembership No. 117348 \nUDIN: 2.SH1'.3'1881\"'106E &3'-t \", \nPlace: Mumbai \nDate: 26 July 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "4409f1734e4b403d", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: ~ \nGautam Shah \nPartner \nMembership No. 117348 \nUDIN: 2.SH1'.3'1881\"'106E &3'-t \", \nPlace: Mumbai \nDate: 26 July 2025 > <v'<' \nral Insurance Company Limited \nf.... \nl-\no\" | Page: 6\n\n|  | Deloitte Haski | ns & Sells |  | KKC & Ass |\n|---|---|---|---|---|\n|  | 19th Floor, Shap | ath-Y |  | Level-I 9, Su Senapati Bap |\n|  | S.G. Highway Ahmedabad - 3 Gujarat, India | 80 015 |  | Elphinstone Mumbai -40 |\n|  | Tel: +91 79 66 Fax: +91 79 66 | 82 7300 82 7400 |  | Maharashtra, |\n|  | Annexure I |  |  |  |\n|  | List of entities i | ncluded in the | Statement |  |\n|  | Parent Compan | y |  |  |\n|  | Kotak Mahindra | Bank Limited |  |  |\n|  | Domestic Subsid | iaries |  |  |\n|  | Kotak Mahindra | Prime Limited |  |  |\n|  | Kotak Mahindra | Investments Li | mited |  |\n|  | Kotak Securities | Limited |  |  |\n|  | Kotak Mahindra | Capital Compa | ny Limited |  |\n|  | Kotak Mahindra | Life Insurance | Company Limited |  |\n|  | Kotak Mahindra | Asset Manage | ment Company Limited |  |\n|  | Kotak Mahindra | Trustee Compa | ny Limited |  |\n|  | Kotak Mahindra | Pension Fund | Limited |  |\n|  | Kotak Alternate | Asset Manager | s Limited (Formerly known as K | otak Investm |\n|  | Kotak Mahindra | Trusteeship Se | rvices Limited |  |\n|  | Kotak Infrastruc | ture Debt Fund | Limited |  |\n|  | IVY Product Int | ermediaries Lim | ited |  |\n|  | BSS Microfinan | ce Limited |  |  |\n|  | Sonata Finance | Private Limited |  |  |\n|  | International S | ubsidiaries |  |  |\n|  | Kotak Mahindra | (UK) Limited |  |  |\n|  | Kotak Mahindra | (International) | Limited |  |\n|  | Kotak Mahindra | Inc. |  |  |\n|  | Kotak Mahindra | Financial Serv | ices Limited |  |\n|  | Kotak Mahindra | Asset Manage | ment (Singapore) Pte. Limited |  |\n|  | Associate Comp | anies |  |  |\n|  | lnfina Finance P | rivate Limited |  |  |\n|  | Phoenix ARC Pr | ivate Limited |  |  |\n| ~ p.:.:S=:K:::,:: :: | -v. rich Kotak G | eneral Insuranc | e Company (India) Limited (erst | while known |\n| <v'<' f.... | ral Insuran | ce Company Li | mited |  |\n| l- o\" ~ |  |  |  |  |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "~ \nGautam Shah \nPartner \nMembership No. 117348 \nUDIN: 2.SH1'.3'1881\"'106E &3'-t \", \nPlace: Mumbai \nDate: 26 July 2025", "subsection": "<v'<' \nral Insurance Company Limited \nf.... \nl-\no\"", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ce8000b60ab76316", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: \">--;, \n~ \ni \n;:: \ny \nI \nO \n0 \n' \n.J., \n. \n0~ \n/ \nI \n* \n---\n' \n-\n)I-\n(\\ \\ . \n.._ - | Page: 7\n\n| Sr No | Particulars Interest earned (a+b+c+d) | Quarter ended 31-Mar-25 30-Jun-25 30-Jun-24 (Audited) (Unaudited) (Unaudited) (Refer Note 4) |  |  | Year ended |\n|---|---|---|---|---|---|\n|  |  | 30-Jun-25 (Unaudited) |  | 30-Jun-24 (Unaudited) | 31-Mar-25 (Audited) |\n| 1 |  | 17,248.31 | 16,771.93 | 15,836.79 | 65,668.83 |\n|  | (a) Interest/discount on advances/bills (b) Income on investments | 12,351.40 | 12,156.08 | 11,362.60 | 47,308.10 |\n|  |  | 4,268.08 | 4,060.30 | 3,867.90 | 15,990.32 |\n|  | (c) Interest on balances with Reserve Bank of India (RBI) & other interbank funds | 470.90 157.93 | 386.25 | 478.95 | 1,814.12 |\n|  | (d) Others Other income (a+b+c) |  | 169.30 | 127.34 | 556.29 |\n| 2 |  | 9,455.61 | 10,402.49 | 9,239.08 | 37,407.27 |\n|  | (a) Profit/(Loss) on sale of Investments including revaluation (insurance business) | 2,384.28 2,758.12 | (1,316.89) | 2,382.80 | 2,231.15 |\n|  | (b) Premium on Insurance Business (c) Other income (Refer Note 5) |  | 7,115.39 | 2,996.73 | 18,220.87 |\n|  |  | 4,313.21 | 4,603.99 | 3,859.55 | 16,955.25 |\n| 3 | Total income (1+2) | 26,703.92 | 27,174.42 | 25,075.87 | 103,076.10 |\n| 4 | Interest expended Operating expenses (a+b+c) | 7,529.33 | 7,159.58 | 6,805.25 | 28,274.55 |\n| 5 |  | 11,800.02 | 12,523.47 | 11,488.59 | 45,756.68 |\n|  | (a) Employees Cost (b) Policy holders' reserves, surrender expense and claims (insurance business) (Refer Note 6) (c) Other operating expenses Total expenditure (4+5) (excluding provisions and contingencies) Operating profit (3-6) (Profit before provisions and contingencies) Provisions (other than tax) and contingencies (Refer Note 7) | 3,110.20 | 3,236.37 | 2,809.25 | 11,963.60 |\n|  |  | 5,159.94 | 5,510.52 | 5,459.12 | 20,021.36 |\n|  |  | 3,529.88 | 3,776.58 | 3,220.22 | 13,771.72 |\n| 6 |  | 19,329.35 | 19,683.05 | 18,293.84 | 74,031.23 |\n| 7 |  | 7,374.57 | 7,491.37 | 6,782.03 | 29,044.87 |\n| 8 9 |  | 1,321.17 | 1,140.27 | 774.44 | 3,859.24 |\n|  | Exceptional items (Refer Note 8) Profit from ordinary activities before tax (7-8+9) Tax expense Net Profit from ordinary activities after tax before Minority Interest (1 0-11) | - | - | 3,803.40 | 3,803.40 |\n| 10 |  | 6,053.40 | 6,351.10 | 9,810.99 | 28,989.03 |\n| 11 |  | 1,624.27 | 1,442.16 | 2,411.60 | 7,043.29 |\n| 12 13 |  | 4,429.13 | 4,908.94 | 7,399.39 | 21,945.74 |\n|  | Extraordinary items (net of tax expense) Net Profit after tax before Minority Interest (12 -13) Less: Share of Minority Interest Add: Share in Profit/(Loss) of associates | - | - | - | - |\n| 14 |  | 4,429.13 | 4,908.94 | 7,399.39 | 21,945.74 |\n| 15 |  | - | - | - | - |\n| 16 |  | 43.05 | 23.82 | 48.77 | 180.25 |\n| 17 | Profit after tax (14-15+1 6) Paid Up Equity Capital (Face value of 5 per share) | 4,472.18 | 4,932.76 | 7,448.16 | 22,125.99 |\n| 18 |  | 994.16 | 994.11 | 993.98 | 994.11 |\n| 19 | Group Reserves (excluding Minority Interest and Revaluation reserves) Minority Interest |  |  |  | 156,400.97 |\n| 20 |  | - | - | - | - |\n| 21 | Earnings per equity share before and after extraordinary items (net of tax expense) |  |  |  |  |\n|  | ~- - Basic (not annualised) ~ | -~ - 22.49 . | 24.81 | 37.47 | 111.29 |\n|  | - Diluted (not an.!).,. /;;-;::~ //n.~ | ~ ~~22.49 | 24.81 | 37.47 | 111.29 |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "\">--;, \n~ \ni \n;:: \ny \nI \nO \n0 \n' \n.J., \n. \n0~ \n/ \nI \n* \n---\n' \n-\n)I-\n(\\ \\ . \n.._ -", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "9548678432669b96", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: \">--;, \n~ \ni \n;:: \ny \nI \nO \n0 \n' \n.J., \n. \n0~ \n/ \nI \n* \n---\n' \n-\n)I-\n(\\ \\ . \n.._ - > O(J~na\nrtered 'w \nI O t,.ccoun\\an\\s ::: I | Page: 8\n\n| Segment |  |\n|---|---|\n| Corporate/ Wholesale Banking |  |\n| Retail Banking | Comprises of: Business involving digital banking products acquired by Digital Banking Unit including existing digital banking products as identified by the Management in accordance with the instructions of the RBI vide its circular dated 7th April, 2022 Includes retail lending, deposit taking and other retail services/ products other than above |\n| Digital Banking |  |\n| Other Retail Banking |  |\n| Treasury, BMU and Corporate Centre | Money market, forex market, derivatives, investments and primary dealership of government securities, Balance Sheet Management Unit (BMU) responsible for Asset Liability Management and Corporate Centre, which primarily comprises of support functions Retail vehicle finance and wholesale trade finance to auto dealers from its Subsidiary Company Securitisation and other loans/ services from its Subsidiary Companies |\n| Vehicle Financing Other Lending Activities Broking |  |\n|  | Brokerage income on market transactions done on behalf of clients, interest on delayed payments, distribution of financial products from its Subsidiary Company |\n| Advisory and Transactional Services | Providing financial advisory and transactional services such as mergers and acquisition advice, equity/ debt issue management services and Business Correspondent services from its Subsidiary Companies. |\n| Asset Management | Management of funds and investments on behalf of clients and investment distribution from (Cherry) its Subsidiary Companies |\n| Insurance |  |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "\">--;, \n~ \ni \n;:: \ny \nI \nO \n0 \n' \n.J., \n. \n0~ \n/ \nI \n* \n---\n' \n-\n)I-\n(\\ \\ . \n.._ -", "subsection": "O(J~na\nrtered 'w \nI O t,.ccoun\\an\\s ::: I", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "30e73639ad64438e", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: \">--;, \n~ \ni \n;:: \ny \nI \nO \n0 \n' \n.J., \n. \n0~ \n/ \nI \n* \n---\n' \n-\n)I-\n(\\ \\ . \n.._ - > O(J~na\nrtered 'w \nI O t,.ccoun\\an\\s ::: I | Page: 8\n\n| Sr No | Particulars | Quarter ended 31-Mar-25 30-Jun-25 30-Jun-24 (Audited) (Unaudited) (Unaudited) (Refer Note 4) |  |  | Year ended |\n|---|---|---|---|---|---|\n|  |  |  | 31-Mar-25 (Audited) (Refer Note 4) | 30-Jun-24 (Unaudited) | 31-Mar-25 (Audited) |\n|  | Segment Revenues: |  |  |  |  |\n|  | Treasury, BMU and Corporate Centre | 3,708.24 | 3,288.51 | $3,161.85 | $12,840.08 |\n|  | Retail Banking* | 8,650.55 | 8,762.97 | 7,945.64 | 33,829.72 |\n|  | (i) Digital Banking | 545.41 | 556.22 | 503.97 | 2,171.33 |\n|  | (ii) Other Retail Banking | 8,105.14 | 8,206.75 | 7,441.67 | 31,658.39 |\n|  | Corporate/ Wholesale Banking | 6,267.06 | 6,678.37 | 5,786.06 | 24,786.28 |\n|  | Vehicle Financing | 1,085.45 | 1,054.16 | 968.63 | 4,100.64 |\n|  | Other Lending Activities | 536.43 | 581.15 | 533.39 | 2,227.57 |\n|  | Broking | 1,090.59 | 979.13 | 1,071.49 | 4,369.02 |\n|  | Advisory and Transactional Services | 224.27 | 331.66 | 425.01 | 1,682.06 |\n|  | Asset Management | 866.49 | 965.35 | 584.09 | 2,893.67 |\n|  | Insurance | 6,469.74 | 7,034.93 | 6,550.56 | 25,268.44 |\n|  | Sub-total | 28,898.82 | 29,676.23 | 27,026.72 | 111,997.48 |\n|  | Less: inter-segment revenues | 2,194.90 | 2,501.81 | 1,950.85 | 8,921.38 |\n|  | Total Income | 26,703.92 | 27,174.42 | 25,075.87 | 103,076.10 |\n| 2 | Segment Results: |  |  |  |  |\n|  | Treasury, BMU and Corporate Centre# | 1,323.18 | 1,185.60 | 5,299.81 | 9,109.53 |\n|  | Retail Banking* | 1,080.20 | 1,495.53 | 1,438.30 | 5,858.18 |\n|  | (i) Digital Banking | 1.71 | 36.11 | 57.94 | 284.45 |\n|  | (ii) Other Retail Banking | 1,078.49 | 1,459.42 | 1,380.36 | 5,573.73 |\n|  | Corporate/ Wholesale Banking | 1,878.07 | 2,333.25 | 1,643.94 | 7,890.16 |\n|  | Vehicle Financing | 207.69 | 189. 73 | 170.02 | 699.04 |\n|  | Other Lending Activities | 169.24 | 210.40 | 177.89 | 737.75 |\n|  | Broking | 345.73 | 199.80 | 405.24 | 1,524.47 |\n|  | Advisory and Trans~nal Services /,/ | n,-~ 23.66 | (56.89) | 110.90 | 294.98 |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "\">--;, \n~ \ni \n;:: \ny \nI \nO \n0 \n' \n.J., \n. \n0~ \n/ \nI \n* \n---\n' \n-\n)I-\n(\\ \\ . \n.._ -", "subsection": "O(J~na\nrtered 'w \nI O t,.ccoun\\an\\s ::: I", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d542ab6857b21921", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: .A:::::m~i;og items; | Page: 9\n\n|  | Particulars | Quarter ended 31-Mar-25 30-Jun-25 30-Jun-24 (Audited) (Unaudited) (Unaudited) (Refer Note 4) |  |  |  |\n|---|---|---|---|---|---|\n|  |  | 30-Jun-25 (Unaudited) |  |  | 31-Mar-25 (Audited) |\n|  | Insurance | 448.08 | 140.57 | 248.89 9,810.99 | 1,153.45 |\n|  | Profit before tax, minority interest and share of associates | 6,053.40 | 6,351.10 |  | 28,989.03 |\n| 3 | Segment Assets: |  |  | 180,780.44 |  |\n|  | Treasury, BMU and Corporate Centre | 211,450.43 | 228,006.78 |  | 228,006.78 |\n|  | Retail Banking• | 452,760.73 | 443,829.55 | 380,099.16 | 443,829.55 |\n|  | (i) Digital Banking | 51.59 | 52.99 443,776.56 | 34.98 | 52.99 |\n|  | (ii) Other Retail Banking | 452,709.14 277,461.84 |  | 380,064.18 | 443,776.56 |\n|  | Corporate/ Wholesale Banking |  | 274,494.22 29,848.75 | 244,559.63 | 274,494.22 |\n|  | Vehicle Financing | 29,799.21 27,180.90 |  | 29,057.07 | 29,848.75 |\n|  | Other Lending Activities |  | 24,726.19 | 22,718.42 | 24,726.19 |\n|  | Broking | 27,225.89 1,270.79 | 20,970.01 | 22,606.88 | 20,970.01 |\n|  | Advisory and Transactional Services |  | 1,301.64 | 1,645.80 | 1,301.64 |\n|  | Asset Management | 8,599.76 | 8,253.15 | 6,459.43 | 8,253.15 |\n|  | Insurance | 97,514.35 | 94,811.03 | 85,240.74 | 94,811.03 |\n|  | Sub-total | 1, 1 33,263.90 | 1,126,241.32 | 973,167.57 | 1,126,241.32 |\n|  | Less: inter-segment assets | 246,498.80 | 247,876.32 | 196,406.41 | 247,876.32 |\n|  | Total Add: Unallocated Assets | 886,765.10 | 878,365.00 | 776,761.16 | 878,365.00 |\n|  |  | 1,423.88 | 1,409.34 | 1,392.91 | 1,409.34 |\n|  | Total Assets as per Balance Sheet | 888,188.98 | 879,774.34 | 778,154.07 | 879,774.34 |\n| 4 | Segment Liabilities: Treasury, BMU and Corporate Centre |  |  |  |  |\n|  |  | 160,275.61 | 185,732.26 | 118,739.08 | 185,732.26 |\n|  | Retail Banking* | 404,213.28 | 395,970.73 | 349,229.39 | 395,970.73 |\n|  | (i) Digital Banking | 19,904.26 | 19,063.17 | 15,683.22 | 19,063.17 |\n|  | (ii) Other Retail Banking | 384,309.02 | 376,907.56 | 333,546.17 | 376,907.56 |\n|  | Corporate/ Wholesale Banking Vehicle Financing | 247,877.75 | 244,021.51 | 227,560.38 | 244,021.51 |\n|  |  | 18,774.01 | 18,016.04 | 15,818.07 | 18,016.04 |\n|  | Other Lending Activities | 20,592.57 | 19,157.39 | 19,590.95 | 19,157.39 |\n|  | Broking | 23,942.71 | 16,943.98 | 20,213.12 | 16,943.98 |\n|  | Advisory and Transactional Services | 220.18 | 252.40 | 372.69 | 252.40 |\n|  | Asset Management | 658.79 | 716.44 | 1,019.64 | 716.44 |\n|  | Insurance | 89,894.64 | 87,317.44 | 78,502.05 | 87,317.44 |\n|  | Sub-total | 966,449.54 | 968,128.19 | 831,045.37 | 968,128.19 |\n|  | Less: inter-segment liabilities | 246,498.80 | 247,876.32 | 196,406.41 | 247,876.32 |\n|  | Total | 719,950.74 | 720,251.87 | 634,638.96 | 720,251.87 2,127.38 |\n|  | Add: Unallocated liabilities | 3,335.46 | 2,127.38 | 2,349.70 |  |\n|  | Add: Share Capital, Reserves & Surplus & Minority lnterestA | 164,902.78 | 157,395.09 | 141,165.41 | 157,395.09 |\n|  | Total Capital and Liabilities as per Balance Sheet | 888,188.98 | 879,774.34 | 778,154.07 |  |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 9, "section": ".A:::::m~i;og items;", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "a1ab8edac9292571", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: .A:::::m~i;og items; | Page: 10\n\n|  | Statements\" and | Accounting St | andard | - 23 (AS-23) \"Ac | counting for investm | ent in associate | s in Consolidate | d Financial |\n|---|---|---|---|---|---|---|---|---|\n|  | Statements\" spec | ified under sec | tion 13 | 3 and relevant provi | sions of Companies | Act, 2013. |  |  |\n| 2. | These consolidat | ed financial res | ults ha | ve been prepared in | accordance with the | recognition and | measurement pri | nciples laid |\n|  | down in Accoun | ting Standards | notified | under Section 133 | and the relevant pro | visions of the Co | mpanies Act, 201 | 3 read with |\n|  | the Companies ( | Accounting Sta | ndards | ) Rules, 2021 in so | far as they apply to | the Group and t | he guidelines iss | ued by the |\n|  | Reserve Bank of | India (\"RBI\"), | Insuran | ce Regulatory and | Development Autho | rity of India (\"IR | DAI\") from time | to time as |\n|  | applicable and th | e generally acc | epted a | ccounting principle | s prevailing in India. T | he financial resu | lts of Indian subsi | diaries and |\n|  | associates (excl | uding insuranc | e comp | anies) are prepare | d as per Indian Ac | counting Standa | rds in accordanc | e with the |\n|  | Companies (India | n Accounting S | tandar | ds) Rules, 2015. The | financial results of s | ubsidiaries locat | ed outside India a | re prepared |\n|  | in accordance w | ith accounting | princip | les generally acce | pted in their respec | tive countries. H | owever, for the | purpose of |\n|  | preparation of th | e consolidated | financi | al results, the resul | ts of subsidiaries and | associates are | prepared in accor | dance with |\n|  | Generally Accept | ed Accounting | Principl | es in India (\"GAAP\" | ) specified under Sec | tion 133 and rele | vant provision of | Companies |\n|  | Act, 2013 read | with Companie | s (Acco | unting Standard) | Rules, 2021 and the | guidelines issue | d by the RBI to | the extent |\n|  | applicable. |  |  |  |  |  |  |  |\n| 3. | The above conso | lidated financia | l result | s were approved at | the meeting of the B | oard of Directors | th held on 26 July | , 2025. The |\n|  | results for the qu | arter ended 30t | h June, | 2025 were subjecte | d to limited review by | the joint statutor | y auditors (KKC & | Associates |\n|  | LLP, Chartered A | ccountants and | Deloitt | e Haskins & Sells, C | hartered Accountant | s) of the Bank wh | o have issued an | unmodified |\n|  | review report the | reon. The resul | ts for th | e quarter ended 30 | th June, 2024 were re | viewed by other | joint statutory au | ditors (KKC |\n|  | & Associates LLP | , Chartered Ac | countan | ts and Price Water | house LLP, Chartered | Accountants). |  |  |\n| 4. | The figures for t | he quarter end | ed 31st | March, 2025 are b | alancing figures betw | een audited pub | lished figures in | respect for |\n|  | financial year en | ded 31st March, | 2025 a | nd the unaudited p | ublished figures for n | ine months ende | st d 31 December, | 2024. |\n| 5. | Other income in | cludes non-fun | d base | d income such as | commission earned | from guarantees | / letters of cred | it, financial |\n|  | advisory fees, se | lling of third pa | rty prod | ucts, general banki | ng fees, earnings from | foreign exchang | e transactions, p | rofit/ (loss) |\n|  | from sale and re | valuation (other | than in | surance business) | of eligible category o | f investments. |  |  |\n| 6. | The \"Policy hold | ers' reserves, s | urrende | r expenses and clai | ms\" under \"Operating | Expenses\" in the | above Financial | Information |\n|  | includes the cha | nge in the valu | ation of | liabilities for life po | licies in force, lapsed | policies that are | likely to be reviv | ed in future |\n|  | and for policies i | n respect of whi | ch prem | ium has been disc | ontinued but liability e | xists, of~ 3,434. | 28 crore for the qu | arter ended |\n|  | 30th June, 2025 ( | ~ 3,290.39 cror | e for the | quarter ended 31st | March, 2025, 3,299. | 46 crore for the q | th uarter ended 30 | June, 2024 |\n|  | and ~ 11,439.06 | crore for the ye | ar ende | d 31st March, 2025) | . |  |  |  |\n| 7. | Provisions and | contingencies | are net | of recoveries ma | de against loan acc | ounts which ha | ve been written | off as bad. |\n|  | \"Provisions and | contingencies\" | include | s provision on app | licable Alternate Inve | stments Funds ( | \"AIF\") Investmen | ts pursuant |\n|  | to RBI circulars d | ated 19th Dece | mber, 2 | 023 and 27th March | , 2024 of~ 8.41 crore | for the quarter.e | th nded 30 June, 20 | 25, ~ 56.23 |\n|  | crore for the qua | rter ended 31s | t March, | 2025, Nil for the q | uarter ended 30th Jun | e, 2024 and ~ 4 | 6.90 crore for the | year ended |\n|  | 31st March, 2025 | . |  |  |  |  |  |  |\n| 8. | On 18th June 20 | 24, the Bank ha | d comp | leted the divestme | nt of 70% stake (throu | gh a combinatio | n of fresh growth | capital and |\n|  | share sale) in its | subsidiary Kot | ak Mahi | ndra General Insura | nce Company Limite | d (\"KGI\") to Zurich | Insurance Comp | any Limited |\n|  | (\"Zurich\"). The | Bank sold 553,1 | 81,595 | equity shares of K | GI for a consideration | of~ 4,095.82 cr | ore resulting in n | et gain from |\n|  | such sale of~ 3, | 803.40 crore (p | re-tax) | considering the ca | rrying value of invest | ment in consolid | ated financials. P th | rofit on sale |\n|  | of shares of KGI ended 31st Marc | has been disclo h, 2025. Conse | sed as quent t | an exceptional item o this sale, l<GI cea | in the results for the sed to be a subsidia | quarter ended 30 ry of the Bank an | June, 2024 and d became an As | for the year sociate with |\n|  | effect from 18th | June, 2024. T | he Ban | k continues to hold | the remaining 30% | of the share ca | pital of Zurich Ko | tak General th |\n|  | Insurance Comp June, 2025. | any India Limit | ed (ZKG | I) (formerly known | as Kotak Mahindra G | eneral Insurance | Company Limite | d) as at 30 |\n| 9. | In accordance w | ith the RBI gui | delines, | Banks are required | to make consolidate | d Pillar 3 disclos | ures including le | verage ratio, |\n|  | liquidity coverag | e ratio and Net | Stable | Funding Ratio (\"NS | FR\") under the Basel | Ill Framework. T | hese disclosures | are available |\n|  | on the Bank's w | ebsite at |  | link: htt s: | en inve | stor-relations fi | nancial-results | re ulator - |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": ".A:::::m~i;og items;", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "0369baf89fac8b8a", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: .A:::::m~i;og items; | Page: 11\n\n| 10. | During the quar | ter ended | 31 | st | Marc | h, 2025 for pu | rpose of Con | solidation, the G | roup entities (other | than the insu | rance entities |\n|---|---|---|---|---|---|---|---|---|---|---|---|\n|  | which continue | to follow | th | e | IRD | AI guidelines a | pplicable to | them), had alig | ned with the Maste | r Direction - | Classification, |\n|  | Valuation and | Operation | of | In | vest | ment Portfolio | of Commerci | al Banks (Direc | tions), 2023 dated | 12th Septembe | r, 2023 which |\n|  | was applicable | to Banks | fro | m | 1st A | pril, 2024. |  |  |  |  |  |\n|  | Subsequent ch | anges in f | air | v | alue | of performing | investments | under Available | for Sale (\"AFS\") an | d Fair Value | Through Profit |\n|  | and Loss (\"FVT | PL\") (incl | udi | ng | Hel | d For Trading ( | \"HFT\") categ | ories have been | recognised through | AFS reserve | and Profit and |\n|  | Loss Account r | espectivel | y. | Ac | cord | ingly, the amo | unts for prior | periods are not | comparable. |  |  |\n| 11. | There has been | no chan | ge | in | the | significant acc | ounting poli | cies during the | quarter ended 30th | June, 2025 as | compared to |\n|  | those followed | for the ye | ar | en | ded | 31st March, 20 | 25. |  |  |  |  |\n| 12. | Figures for the | previous | per | io | ds / | year have been | regrouped / | reclassified wh | erever necessary to | conform to c | urrent period's |\n|  | presentation. |  |  |  |  |  |  |  |  |  |  |\n|  |  |  |  |  |  |  |  |  | By order of the Boar | d of Directors |  |\n|  |  |  |  |  |  |  |  |  | For Kotak Mahindra | Bank Limited |  |\n|  |  |  |  |  |  |  |  |  | o ani |  |  |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": ".A:::::m~i;og items;", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "68df829e727a3a4c", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: 0P-5 K1,i, \nevant prudential norms issued by the Reserve Bank of India in respect of Income recognition, ,✓-;:::::==:::::::, \n{:Iv ~ s t classi ft cation, provisioning and other related matters, except for the disclosures relating t \ns SOC/ \n_ \nCHA \nEREO \n(J) \nfl> \n'XI. \n~ \n0 ACC \nANTS rn \n~ \nV'1 \nt\" \n1 \n::: \nChartered (I) \no * 0 \n~ I Accountants ~ | Page: 12\n\n| Del | oitte | Haskins & Se | lls |  |  | KKC & | Associates LLP |  |  |  |\n|---|---|---|---|---|---|---|---|---|---|---|\n| 19th | Floo | r, Shapath-V |  |  |  | Level-I | 9, Sunshine Tower, |  |  |  |\n| S.G Ah | . Hig meda | hway bad - 380015 |  |  |  | Senapat Elphins | i Bapat Marg, tone Road, |  |  |  |\n| Guj Tel Fax | arat, : +91 : +91 | India 79 6682 7300 79 6682 7400 |  |  |  | Mumba Mahara | i -400013 shtra, India |  |  |  |\n| In | depen | dent Auditor | s' Review Repo | rt on un | audited stan | dalone | financial results fo | r the quarter |  |  |\n| en | ded 3 | 0 June 2025 o | f Kotak Mahind | ra Bank | Limited pu | rsuant | to Regulation 33 an | d Regulation |  |  |\n| 52 | read | with Regulati | on 63(2) of the S | ecuritie | s and Excha | nge Bo | ard of India (Listin | g Obligations |  |  |\n| an | d Dis | closure Requi | rements) Regul | ations, 2 | 015, as ame | nded. |  |  |  |  |\n| To |  |  |  |  |  |  |  |  |  |  |\n| Th | e Boa | rd of Directo | rs of Kotak Ma | hindra B | ank Limite | d |  |  |  |  |\n| I. | We h | ave reviewed t | he accompanyin | g Statem | ent of unaud | ited stan | dalone financial res | ults of Kotak |  |  |\n|  | Mah | indra Bank Li | mited (the \"Ban | k\") for th | e quarter end | ed 30 Ju | ne 2025 (the \"State | ment\"), being |  |  |\n|  | subm | itted by the Ba | nk pursuant to t | he requi | rement of Re | gulation | 33 and Regulation | 52 read with |  |  |\n|  | Regu | lation 63(2) of | the Securities an | d Excha | nge Board of | lndia (L | isting Obligations a | nd Disclosure |  |  |\n|  | Requ | irements) Reg | ulations, 2015, | as am | ended (the | \"Listing | Regulations\") ex | cept for the |  |  |\n|  | discl | osures relating | to consolidated | Pillar 3 | as at 30 June | 2025, i | ncluding leverage r | atio, liquidity |  |  |\n|  | cover | age ratio and | net stable fund | ing ratio | under Bas | el III C | apital Regulations a | s have been |  |  |\n|  | discl | osed on the Ba | nk's website and | in respe | ct of which a | link ha | s been provided in | Note 8 of the |  |  |\n|  | State | ment and have | not been revie | wed by u | s. We have | initialled | the Statement for | identification |  |  |\n|  | purp | oses only. |  |  |  |  |  |  |  |  |\n| 2. | This | Statement, whi | ch is the respon | sibility o | f the Bank's | Manage | ment and approved | by the Board |  |  |\n|  | of Di | rectors, has be | en prepared in ac | cordanc | e with the rec | ognition | and measurement p | rinciples laid |  |  |\n|  | down | in Accountin | g Standard 25 | \"Interim | Financial | Reportin | g\" (\"AS 25\"), pres | cribed under |  |  |\n|  | Secti | on 133 of the | Companies Act, | 2013 re | ad with rele | vant rule | s issued thereunder | , in so far as |  |  |\n|  | they | apply to Bank | s, the relevant p | rovisions | of the Ban | king Re | gulation Act, 1949, | the circulars, |  |  |\n|  | guide | lines and direc | tions issued by t | he Reser | ve Bank of I | ndia (\"R | BI\") from time to ti | me (the \"RBI |  |  |\n|  | Guid | elines\") and ot | her accounting | principle | s generally a | ccepted | in India, and in com | pliance with |  |  |\n|  | Regu | lation 33 and | Regulation 52 | read wit | h Regulatio | n 63(2) | of the Listing Reg | ulations. Our |  |  |\n|  | respo | nsibility is to e | xpress a conclu | sion on t | he Statement | based o | n our review. |  |  |  |\n| 3. | We | conducted ou | r review of th | e Statem | ent in acco | rdance | with the Standard | on Review |  |  |\n|  | Enga | gements (SRE | ) 2410 'Review | of Interim | Financial I | nformati | on Performed by the | Independent |  |  |\n|  | Audi | tor of the Enti | ty.', issued by th | e Institu | te of Charte | red Acc | ountants of India. | This standard |  |  |\n|  | requi | res that we pl | an and perform | the revi | ew to obtai | n moder | ate assurance as to | whether the |  |  |\n|  | State | ment is free o | f material misst | atement. | A review is | limited | primarily to inquiri | es of Bank's |  |  |\n|  | perso | nnel and analy | tical procedures | applied | to financial d | ata and | thus provides less a | ssurance than |  |  |\n|  | an au | dit. We have n | ot performed an | audit an | d accordingl | y, we do | not express an aud | it opinion. |  |  |\n| 4. | Base | d on our revie | w conducted as s | tated in | paragraph 3 | above, n | othing has come to | our attention |  |  |\n|  | that | causes us to | believe that the | accomp | anying State | ment, p | repared in accorda | nce with the |  |  |\n|  | recog | nition and me | asurement princ | iples laid | down in A | S 25 pre | scribed under Secti | on 133 of the |  |  |\n|  | Com | panies Act, 20 | 13 read with rele | vant rul | es issued the | reunder, | in so far as they ap | ply to Banks, |  |  |\n|  | the R | BI Guidelines | and other accou | nting pri | nciples gene | rally ac | cepted in India, has | not disclosed |  |  |\n|  | th'e i | nformation req | uired to be disc | losed in | terms of Re | gulation | 33 and Regulation | 52 read with |  |  |\n|  | Regu | lation 63(2) of | the Listing Reg | ulations, | including th | e manne | r in which it is to b | e disclosed or |  |  |\n| :.=~ | that i | t contains any | material misstat | ement o | r that it has | not been | prepared in accord | ance with the |  |  |\n| K1,i, EREO | ev s t (J) | ant prudential classi ft cation, | norms issued by provisioning an | the Res d other | erve Bank o related matte | f India i rs, exce | n respect of Incom pt for the disclosur | e recognition, es relating t f | ,✓-;:::::==:::::::, s SOC/ l> 'XI. ~ |  |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "0P-5 K1,i, \nevant prudential norms issued by the Reserve Bank of India in respect of Income recognition, ,✓-;:::::==:::::::, \n{:Iv ~ s t classi ft cation, provisioning and other related matters, except for the disclosures relating t \ns SOC/ \n_ \nCHA \nEREO \n(J) \nfl> \n'XI. \n~ \n0 ACC \nANTS rn \n~ \nV'1 \nt\" \n1 \n::: \nChartered (I) \no * 0 \n~ I Accountants ~", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "23fa17b982e474c2", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: ~ \nGautam Shah \nPartner \nMembership No. 117348 \nUDIN: .25\\l=J, ~~PSMO BeABJSI \nPlace: Mumbai \nDate: 26 July 2025 | Page: 13\n\n| Deloitte Haski | ns & Sells |  |  | KKC & Associate | s LLP |  |\n|---|---|---|---|---|---|---|\n| 19111 Floor, Shap S.G. Highway Ahmedabad - 3 | ath-V 80 015 |  |  | Level-I 9, Sunshin Senapati Bapat Ma Elphinstone Road, | e Tower, rg, |  |\n| Gujarat, India Tel: +91 79 66 Fax: +91 79 66 | 82 7300 82 7400 |  |  | Mumbai -400013 Maharashtra, India |  |  |\n| consolidated | Pillar 3 as a | t 30 June 2025, including le | ver | age ratio, liquidity | coverage | ratio and net |\n| stable fundin | g ratio unde | r Basel Ill Capital Regula | tion | s as have been di | sclosed o | n the Bank's |\n| website and i | n respect of | which a link has been prov | ided | in Note 8 to the S | tatement | and have not |\n| been reviewe | d by us. |  |  |  |  |  |\n| The unaudite | d standalon | e financial results of the Ba | nk | for the quarter end | ed 30 Jun | e 2024 were |\n| reviewed by | KKC & Ass | ociates LLP and Price Wate | rhou | se LLP whose rep | ort dated | 20 July 2024, |\n| expressed an | unmodified | conclusion on those unaudi | ted | standalone financia | l results. | Accordingly, |\n| Deloitte Hask | ins & Sells | does not express any conclu | sio | n on the figures rep | orted in t | he Statement |\n| for the corres | ponding qua | rter ended 30 June 2024. |  |  |  |  |\n| For Deloitte H | askins & Se | lls | For | KKC & Associat | es LLP |  |\n| Chartered Acco | untants |  | Cha | rtered Accountant | s |  |\n| (Firm Registrat | ion No. 117 | 365W) | (Fir | m Registration No | . I 05146 | W/ WI 00621) |\n| G. K. S ram | aniam |  | Ga Par | ~ utam Shah tner |  |  |\n| Partner Membership N UDIN: 2.510 '\\6 Place: Mumbai | o. 109839 :3 \"\\BM1>f' | f | Me UD Pla | mbership No. 1173 IN: .25\\l=J, ~~PSM ce: Mumbai | 48 O BeABJ | SI |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "~ \nGautam Shah \nPartner \nMembership No. 117348 \nUDIN: .25\\l=J, ~~PSMO BeABJSI \nPlace: Mumbai \nDate: 26 July 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "4058301a4d73f7c3", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: 1 \n;:: \nt> Accountants _ \n0 \n0 \nj. \nb-. \n* \n-;, \n/ \n,.. \n,.... \n- | Page: 14\n\n| Sr No | Particulars Interest earned (a+b+c+d) | Quarter ended |  |  | Year ended |\n|---|---|---|---|---|---|\n|  |  | 30-Jun-25 (Unaudited) 13,836.54 | 31-Mar-25 (Audited) !Refer Note 2\\ | 30-Jun-24 (Unaudited) | 31-Mar-25 (Audited) |\n| 1 |  |  | 13,529.77 | 12,746.11 | 52,919.73 |\n|  | a) Interest/discount on advances/ bills | 10,614.51 | 10,485.22 | 9,779.27 | 40,746.17 |\n|  | b) Income on investments | 2,869.27 | 2,743.35 | 2,592.18 | 10,828.90 |\n|  | (c) Interest on balances with Reserve Bank of India (RBI) & other interbank funds | 219.02 | 153.29 | 271.80 | 894.53 450.13 |\n|  | d) Others | 133.74 | 147.91 | 102.86 |  |\n| 2 | Other income (Refer Note 3) | 3,079.98 | 3,182.46 | 2,929.04 | 11,418.49 |\n| 3 | Total income (1+2) | 16,916.52 | 16,712.23 | 15,675.15 | 64,338.22 |\n| 4 | Interest expended | 6,577.25 | 6,246.20 | 5,903.76 | 24,577.95 |\n| 5 | Operating expenses (a+b) | 4,775.58 | 4,993.83 | 4,517.28 | 18,753.70 |\n|  | a) Employee cost (Refer Note 4) | 2,065.52 | 2,106.26 | 1,870.50 | 7,880.63 |\n|  | b) Other operatinq expenses | 2,710.06 | 2,887.57 | 2,646.78 | 10,873.07 |\n| 6 | Total expenditure (4+5) (excludinq provisions & continaencies) | 11,352.83 | 11,240.03 | 10,421.04 | 43,331.65 |\n| 7 8 | Operating profit (3-6) (Profit before provisions and continqencies) Provisions (other than tax) and contingencies (Refer Note 5) | 5,563.69 | 5,472.20 | 5,254.11 | 21,006.57 |\n|  |  | 1,207.76 | 909.38 | 578.48 | 2,942.36 |\n| 9 | Exceptional items Refer Note 6) | - | - | 3,519.90 | 3,519.90 |\n| 10 | Profit from ordinary activities before tax (7-8+9\\ | 4,355.93 | 4,562.82 | 8,195.53 | 21,584.11 |\n| 11 | Tax expense | 1,074.25 | 1,011.08 | 1,945.71 | 5,134.03 |\n| 12 | Net Profit from ordinary activities after tax (10- 11) | 3,281.68 | 3,551.74 | 6,249.82 | 16,450.08 |\n| 13 | Extraordinary items (net of tax expense) Net Profit (12-13) | - | - | - | - |\n| 14 |  | 3,281.68 | 3,551.74 | 6,249.82 | 16,450.08 |\n| 15 16 | Paid up equity share capital -(of Face Value f 5 per share) | 994.16 | 994.11 | 993.98 | 994.11 |\n|  | Reserves (excludinq revaluation reserves) |  |  |  | 116,151.51 |\n| 17 | Analytical Ratios |  |  |  |  |\n|  | (i) Percentage of shares held by Government of India | - | - | - | - |\n|  | ii) Capital adeauacv ratio - Basel Ill (%) | 23.00 | 22.25 | 22.41 | 22.25 |\n|  | (iii) Earnings per equity share before and after extraordinary items (net of tax expense) |  |  |  |  |\n|  | - Basic (not annualised) ~ | 16.51 | 17.86 | 31.44 | 82.74 |\n|  | - Diluted (not annualised) ~ | 16.50 | 17.86 | 31.44 | 82.74 |\n|  | iv) NPA Ratios |  |  |  |  |\n|  | a) Gross NPA | 6,637.70 | 6,133.85 | 5,477.15 | 6,133.85 |\n|  | b) Net NPA | 1,530.93 | 1,343.44 | 1,376.33 | 1,343.44 |\n|  | c) % of Gross NPA to Gross Advances | 1.48 | 1.42 | 1.39 | 1.42 |\n|  | d) % of Net NPA to Net Advances | 0.34 | 0.31 | 0.35 | 0.31 |\n|  | (v) Return on average Assets (%) - (not annualised) | 0.48 | 0.54 | 1.05 | 2.65 |\n|  | vi) Debt-Eauity ratio (Refer Note 7.a) | 0.17 | 0.41 | 0.28 | 0.41 |\n|  | (vii) Total Debts to Total Assets(%) (Refer Note 7.a) | 3.07 | 6.98 | 4.86 | 6.98 |\n|  | viii) Net worth (Refer Note 7.a) | 123,168.20 | 116,897.69 | 106,054.39 | 116,897.69 |\n|  | (ix) Outstanding redeemable preference shares (quantity and value) | - | - | - | - |\n|  |  | 500.00 | 500.00 | 500.00 | 500.00 |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "1 \n;:: \nt> Accountants _ \n0 \n0 \nj. \nb-. \n* \n-;, \n/ \n,.. \n,.... \n-", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "cbddd730a573ef6d", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: ~ ,\\ \n689,008.71 \n693,624.18 \n604,941 \ni f4.18 \nSheet -\n____ \n.,0 \nI'\\',,, > Total CapitaLand Liabilities as per B~~r~I< ~~ | Page: 15\n\n| Corporate/Wholesale Bankina Retail Bankina |\n|---|\n| Digital Banking Other Retail Bankina Treasury, BMU and Corporate Centre |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "~ ,\\ \n689,008.71 \n693,624.18 \n604,941 \ni f4.18 \nSheet -\n____ \n.,0 \nI'\\',,,", "subsection": "Total CapitaLand Liabilities as per B~~r~I< ~~", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "dfb3a62f49263df3", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: ~ ,\\ \n689,008.71 \n693,624.18 \n604,941 \ni f4.18 \nSheet -\n____ \n.,0 \nI'\\',,, > Total CapitaLand Liabilities as per B~~r~I< ~~ | Page: 15\n\n|  | Particulars | Quarter ended |  |  | Year ended |  |\n|---|---|---|---|---|---|---|\n|  |  | 30-Jun-25 (Unaudited) | 31-Mar-25 (Audited) /Refer Note 2) | 30-Jun-24 (Unaudited) | 31-Mar-25 (Audited) |  |\n| 1 | Seament Revenue |  |  |  |  |  |\n|  | a. Coroorate/ Wholesale Bankina | 6,267.06 | 6,678.37 | 5,786.06 | 24,786.28 |  |\n|  | b. Retail Bankina* | 8,650.55 | 8,762.97 | 7,945.64 | 33,829.72 |  |\n|  | (i) Digital Bankina | 545.41 | 556.22 | 503.97 | 2,171.33 |  |\n|  | ii) Other Retail Banking C. Treasurv, BMU and Corporate Centre | 8,105.14 | 8,206.75 | 7,441.67 | 31,658.39 |  |\n|  |  | 3,721.93 | 2,809.74 - | $3,206.14 | $11,703.39 |  |\n|  | d. Other Bankina business | - |  | - | - |  |\n|  | Sub-total Less: lnter-seamental revenue | 18,639.54 | 18,251.08 | 16,937.84 | 70,319.39 |  |\n|  |  | 1,723.02 | 1,538.85 | 1,262.69 | 5,981.17 |  |\n|  | Total | 16,916.52 | 16,712.23 | 15,675.15 | 64,338.22 |  |\n| 2 | Seament Results | 1,878.07 |  |  |  |  |\n|  | a. Coroorate/ Wholesale Banking b. Retail Bankina* |  | 2,333.25 | 1,643.94 | 7,890.16 |  |\n|  |  | 1,080.20 | 1,495.53 | 1,438.30 | 5,858.18 |  |\n|  | i) Diaital Bankina ii) Other Retail Bankina | 1.71 | 36.11 | 57.94 | 284.45 |  |\n|  |  | 1,078.49 | 1,459.42 | 1,380.36 | 5,573.73 |  |\n|  | C. Treasurv, BMU and Coroorate Centre# | 1,397.66 | 734.04 | 5,113.29 | 7,835.77 |  |\n|  | d. Other Bankina business Total Profit Before Tax | - | - | - | - |  |\n|  |  | 4,355.93 | 4,562.82 | 8,195.53 | 21,584.11 |  |\n| 3 | Segment Assets |  |  |  |  |  |\n| T | a. Corporate I Wholesale Bankina b. Retail Bankino* | 277,461.84 | 274,494.22 | 244,559.63 | 274,494.22 |  |\n|  |  | 452,760.73 | 443,829.55 | 380,099.16 | 443,829.55 |  |\n|  | i) Diaital Bankino | 51.59 | 52.99 | 34.98 | 52.99 |  |\n|  | (ii) Other Retail Banking | 452,709.14 | 443,776.56 | 380,064.18 | 443,776.56 |  |\n|  | c. Treasury, BMU and Coroorate Centre d. Other Banking business Sub-total | 199,726.94 | 217,430.77 | 171,577.58 | 217,430.77 |  |\n|  |  | - | - | - | - |  |\n|  |  | 929,949.51 | 935,754.54 | 796,236.37 | 935,754.54 |  |\n|  | Less : Inter-segmental Assets Total | 240,940.80 | 242,130.36 | 191,288.55 | 242,130.36 |  |\n|  |  | 689,008.71 | 693,624.18 | 604,947.82 | 693,624.18 |  |\n|  | Add : Unallocated Assets | - | - | - | - |  |\n|  | Total Assets as per Balance Sheet | 689,008.71 | 693,624.18 | 604,947.82 | 693,624.18 |  |\n|  | Segment Liabilities |  |  |  | 244,021.51 |  |\n|  | a. Corporate I Wholesale Banking b. Retail Banking* i) Diaital Bankina | 247,877.75 | 244,021.51 395,970.73 | 227,560.38 |  |  |\n|  |  | 404,213.28 |  | 349,229.39 | 395,970.73 |  |\n|  |  | 19,904.26 | 19,063.17 | 15,683.22 | 19,063.17 |  |\n|  | (ii) Other Retail Banking | 384,309.02 | 376,907.56 | 333,546.17 | 376,907.56 |  |\n|  | c. Treasury, BMU and Coroorate Centre d. Other Bankina business Sub-total | 152,769.93 | 177,867.83 | 111,978.39 | 177,867.83 - |  |\n|  |  | - | - | - |  |  |\n|  |  | 804,860.96 | 817,860.07 | 688,768.16 | 817,860.07 |  |\n|  | Less : Inter-segmental Liabilities | 240,940.80 | 242,130.36 | 191,288.55 | 242,130.36 |  |\n|  | Total | 563,920.16 | 575,729.71 | 497,479.61 | 575,729.71 |  |\n|  | Add : Unallocated liabilities | 1,660.35 | 748.85 | 1,159.80 | - 748.85 |  |\n|  |  | 123,428.20 | 117,145.62 | 106,308.~ | ?';,V\\.:/.1,'l'X\\, 145.62 |  |\n|  |  | ~~ 689,008.71 I'\\',,, | 693,624.18 | 604,941 (~ | ~h~re~ | ,\\ ~i f4.18 |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "~ ,\\ \n689,008.71 \n693,624.18 \n604,941 \ni f4.18 \nSheet -\n____ \n.,0 \nI'\\',,,", "subsection": "Total CapitaLand Liabilities as per B~~r~I< ~~", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ed5eb14b5ee86ec0", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: ~ ,\\ \n689,008.71 \n693,624.18 \n604,941 \ni f4.18 \nSheet -\n____ \n.,0 \nI'\\',,, > Total CapitaLand Liabilities as per B~~r~I< ~~ | Page: 16\n\n| Debt-Eauitv ratio |  |\n|---|---|\n| Total Debts to Total Assets (%) | Represents Borrowina s/T otal Assets Calculated as per the Master Circular -Exposure Norms issued bv the RBI. |\n| Net worth |  |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "~ ,\\ \n689,008.71 \n693,624.18 \n604,941 \ni f4.18 \nSheet -\n____ \n.,0 \nI'\\',,,", "subsection": "Total CapitaLand Liabilities as per B~~r~I< ~~", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "8a8ac80832368735", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: shok~ \nManaging Director and Chief Executive \nOfficer | Page: 17\n\n| Sr. No | Particulars | 30th June, 2025 |  |\n|---|---|---|---|\n|  | Loan transferred through Assignment/ Novation / Loan Particioation Aoareoate amount of loans transferred Aaareoate consideration received | Assignment | Novation |\n| 1 |  | 30.00 | 30.00 |\n| 2 |  | 30.00 | N.A. |\n| 3 | Weiohted averaoe residual maturity (years) | 0.83 | 4.30 |\n| 4 | Weiohted averaoe holdino period of orioinator (years) | 0.54 | 0.70 |\n| 5 | Retention of beneficial economic interest | 90% | 95% |\n| 6 | Coveraoe of tanoible security coveraoe | 100% | 100% |\n| 7 | Ratino-wise distribution of rated loans IND BBB-ve |  |  |\n|  |  | 100% | N.A. |\n|  | IVR BBB-ve | N.A. | 100% |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "shok~ \nManaging Director and Chief Executive \nOfficer", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d8ff1b37e747261e", "content": "[TABLE] Company: KOTAK | Year: FY2025 | Section: shok~ \nManaging Director and Chief Executive \nOfficer | Page: 17\n\n| Recovery Rating\" | Anticipated Recovery as per Recovery Ratinq >150% 100% -150% | Carrying Value* (f crore) |\n|---|---|---|\n| TNR1/R1+/RR1+ |  | 442.53 |\n| NR2/R1/RR1 |  | 191.14 |\n| NR3/R2/RR2 | 75%-100% | 26.15 |\n| NR4/R3/RR3 NR5/R4/RR4 NR6/R5/RR5 | 50%-75% | 100.58 |\n|  | 25%-50% | - |\n|  | 0%-25% | - |\n| Yet to be rated** | - | 442.17 |\n| Unrated | - | 0.22 |\n| Total |  | 1,202.79 |", "company": "KOTAK", "ticker": "KOTAKBANK", "source_file": "KOTAK-2.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "shok~ \nManaging Director and Chief Executive \nOfficer", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "b38fd45856c6fccb", "content": "Karur Vysya Bank Smart 'tv a) to bank FCD/Q4/RES/3 1 /2025 May 19, 2025 National Stock Exchange of India Ltd, Exchange Plaza, 5th Floor, Plot No. C/1, 'G’ Block, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 051 The Manager, BSE limited, Phiroze Jeejeebhoy Towers, DalaI Street, Mumbai – 400001 Scrip Code: KARURVYSYA Scrip Code: 590003 Reg: Audited Financial Results of the Bank for the quarter / year ended 31 ;t MarI.,h 2025 Pursuant to Regulations 30, 33 and other applicable provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith a copy of the audited financial results for the quarter/year ended 31=t March 2025. The results were duly approved by the Board of Directors at its meeting held today A coPY of Audit Report issued bY the Joint Statutory Central Auditors M/s. Kalyaniwalla & Mistry LLP, Chartered Accountants (Registration No.: 104607w/wl 00166) and M/s. Varma & Varma Chartered Accountants (Registration No.: o04532s) for the quarter/year ended 31 st March 2025 is also enclosed. I Further, in terms of Regulation 33(3)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we here-by confirm that the Joint Statuto,y Central Auditors have given an unmodified opinion on the Audited Financial Results for the financial year ended 31;t March 2025. The Board of Directors of the Bank has recommended a dividend of", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 1, "section": "Karur Vysya Bank\nSmart 'tv a) to bank", "subsection": "Further, in terms of Regulation \n33(3)(d) of SEBI (Listing Obligations \nand Disclosure\nRequirements) Regulations, 2015, we here-by confirm that the Joint Statuto,y Central Auditors\nhave given an unmodified opinion on the Audited Financial Results for the financial year ended\n31;t March 2025. The Board of Directors of the Bank has recommended a dividend of\nRs' :l' Goh per equitY share of face value Rs. 2/- each (i.e. nL%) \nfor the financi;1';eaF\nended 31=t March 2025, subject to the approval of the shareholders at the ensuing Annual\nGeneral Meeting (AGM) of the Bank.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "702b493f0f896b8c"}, {"chunk_id": "2bd15455f1324f1f", "content": "have given an unmodified opinion on the Audited Financial Results for the financial year ended 31;t March 2025. The Board of Directors of the Bank has recommended a dividend of Rs' :l' Goh per equitY share of face value Rs. 2/- each (i.e. nL%) for the financi;1';eaF ended 31=t March 2025, subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the Bank.", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 1, "section": "Karur Vysya Bank\nSmart 'tv a) to bank", "subsection": "Further, in terms of Regulation \n33(3)(d) of SEBI (Listing Obligations \nand Disclosure\nRequirements) Regulations, 2015, we here-by confirm that the Joint Statuto,y Central Auditors\nhave given an unmodified opinion on the Audited Financial Results for the financial year ended\n31;t March 2025. The Board of Directors of the Bank has recommended a dividend of\nRs' :l' Goh per equitY share of face value Rs. 2/- each (i.e. nL%) \nfor the financi;1';eaF\nended 31=t March 2025, subject to the approval of the shareholders at the ensuing Annual\nGeneral Meeting (AGM) of the Bank.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "702b493f0f896b8c"}, {"chunk_id": "97671a046fc23f01", "content": "Yours faithfully() Q C Zr Srinivasarao M Company Secretary & Deputy General Manager Finance & Control Department Registered & Central Office, No.20, Erode Road, Vadivel Nagar, L.N.S. KARUR - 639 002. Tamil Nadu @ : (04324)269326,269340 E.mail : fcd@kvbmail.com Kalyaniwalla & Mistry LLP Chartered Accountants Varma & Varma Chartered Accountants 3rd Floor, Pro-1 Business Centre. Senapati Bapat Road, Pune – 411 016 Maharashtra “Sreeraghavam”, Kerala Varma Tower, Building No. 53/2600 B, C, D & E, Off Kunjanbava Road, Vyttila P.O, Kochi – 682019, Kerala", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 2, "section": "Yours faithfully()\nQ\nC\nZr", "subsection": "Kalyaniwalla & Mistry LLP\nChartered Accountants", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6f38fb2a4eeb45c4"}, {"chunk_id": "7d21a1d8c5761657", "content": "Independent Auditors’ Report on Quarterly and Year to Date Financial Results of The Karur VYSYa Bank Limited pursuant to the Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) for the Quarter and Year ended March 31, 2025. The Board of Directors The Karur Vysya Bank Limited Karur Report on the Audit of the Financial Results 1. We have audited the accompanying Statement of quarterly and year to date financial results of The Karur Vysya Bank Limited (the 'Bank’) for the quarter and the year ended March 31, 2025, (the 'Statement’) being submitted by the Bank pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations9 20159 as amended ('the Listing Regulations’) except for the disclosures relating to Pillar 3 disclosure as at March 31, 2025, including “Leverage Ratio”, “Liquidity Coverage Ratio” and “Net Stable Funding Ratio” under Basel III Capital Regulations as have been disclosed on the Bank’s website and in respect of which a link has been provided in the aforesaid Statement and have not been audited by us. 2 In our opinion and to the best of our information and according to explanations given to us, the aforesaid Statement: a) is presented in accordance with the requirements of Regulation 33 of the Listing", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Independent Auditors’ Report on Quarterly and Year to Date Financial Results of The\nKarur VYSYa Bank Limited pursuant to the Regulation 33 of the Securities and\nExchange Board of India \n(Listing \nObligations and Disclosure Requirements)\nRegulations, 2015 (as amended) for the Quarter and Year ended March 31, 2025.", "subsection": "Varma & Varma\nChartered Accountants", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1b2e99f1d0f9cfcd"}, {"chunk_id": "6bee83a25f0cb259", "content": "2 In our opinion and to the best of our information and according to explanations given to us, the aforesaid Statement: a) is presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard except for the disclosures relating to Pillar 3 disclosure as at March 31, 2025 including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel III Capital Regulations as have been disclosed on the Bank’s website and in respect of which a link has been provided in the Statement and have not been audited by us; and b) gives a true and fair view in conformity with the recognition and measurements principles laid down in the applicable accounting standards as per Section 133 of the Companies Act, 2013 (the ' Act’) read with Companies (Accounting Standards) Rules, 2021 to the extent applicable, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines, directions issued by the Reserve Bank of India ('RBI’) from time to time (the 'RBI Guidelines’) and other accounting principles generally accepted in India, of the net profit and other financial information of the Bank for the quarter and year ended March 3 19 2025. Kalyaniwalla & Mistry LLP Chartered Accountants Varma & Varma Chartered Accountants", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Independent Auditors’ Report on Quarterly and Year to Date Financial Results of The\nKarur VYSYa Bank Limited pursuant to the Regulation 33 of the Securities and\nExchange Board of India \n(Listing \nObligations and Disclosure Requirements)\nRegulations, 2015 (as amended) for the Quarter and Year ended March 31, 2025.", "subsection": "Varma & Varma\nChartered Accountants", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1b2e99f1d0f9cfcd"}, {"chunk_id": "d3cda533cad5dc9f", "content": "3. We conducted our audit in accordance with the Standards on Auditing ('S As’) specified under Section 143(10) of the Companies Act, 2013, as amended. Our responsibilities under those standards are further described in the Auditors’ Responsibilities for the Audit of the Financial Results section of our report. We are independent of the Bank in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (the 'ICAl’) together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the rules thereunder, and we have fulfilled our ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us and other auditors in terms of their reports referred to in “Other Matters” paragraph below is sufficient and appropriate to provide a basis for our audit opinion. Management and Board of Directors’ Responsibilities for the Financial Results The Statement has been compiled from the related audited Annual Financial Statements and approved by the Board of Directors of the Bank. The Bank’s Board of Directors are responsible for preparation and presentation of the Statement that gives a true and fair view of the financial position, financial performance and cash flows of the Bank and other financial information in accordance with the accounting principles generally", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "3.\nWe conducted our audit in accordance with the Standards on Auditing ('S As’) specified\nunder Section 143(10) of the Companies Act, 2013, as amended. Our responsibilities\nunder those standards are further described in the Auditors’ Responsibilities for the Audit\nof the Financial Results section of our report. We are independent of the Bank in\naccordance with the Code of Ethics issued by the Institute of Chartered Accountants of\nIndia (the 'ICAl’) together with the ethical requirements that are relevant to our audit of\nthe financial statements under the provisions of the Act and the rules thereunder, and we\nhave fulfilled our ethical responsibilities in accordance with these requirements and the\nCode of Ethics. We believe that the audit evidence obtained by us and other auditors in\nterms of their reports referred to in “Other Matters” paragraph below is sufficient and\nappropriate to provide a basis for our audit opinion.", "subsection": "•\nIdentify and assess the risks of material misstatement of the Statement, whether due to\nfraud or error, design and perform audit procedures responsive to those risks, and\nobtain audit evidence that is sufficient and appropriate to provide a basis for our\nopinion. The risk of not detecting a material misstatement resulting from fraud is\nhigher than for one resulting from error, as fraud may involve collusion, forgery9\nintentional omissions, misrepresentations, or the override of internal control.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "dc4334ddfbd1fd69"}, {"chunk_id": "277c227133259912", "content": "view of the financial position, financial performance and cash flows of the Bank and other financial information in accordance with the accounting principles generally accepted in India including the Accounting Standards prescribed under Section 133 of the Act read with Companies (Accounting Standards) Rules, 2021, to the extent applicable, and the relevant provisions of the Banking Regulation Act, 1949 and RBI guidelines from time to time and in compliance with regulation 33 of Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with provisions of the Act the Banking Regulation Act, 1949, and RBI Guidelines for safeguarding the assets of the Bank and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgements and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error. 5. In preparing the Statement, the Board of Directors are responsible for assessing the", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "3.\nWe conducted our audit in accordance with the Standards on Auditing ('S As’) specified\nunder Section 143(10) of the Companies Act, 2013, as amended. Our responsibilities\nunder those standards are further described in the Auditors’ Responsibilities for the Audit\nof the Financial Results section of our report. We are independent of the Bank in\naccordance with the Code of Ethics issued by the Institute of Chartered Accountants of\nIndia (the 'ICAl’) together with the ethical requirements that are relevant to our audit of\nthe financial statements under the provisions of the Act and the rules thereunder, and we\nhave fulfilled our ethical responsibilities in accordance with these requirements and the\nCode of Ethics. We believe that the audit evidence obtained by us and other auditors in\nterms of their reports referred to in “Other Matters” paragraph below is sufficient and\nappropriate to provide a basis for our audit opinion.", "subsection": "•\nIdentify and assess the risks of material misstatement of the Statement, whether due to\nfraud or error, design and perform audit procedures responsive to those risks, and\nobtain audit evidence that is sufficient and appropriate to provide a basis for our\nopinion. The risk of not detecting a material misstatement resulting from fraud is\nhigher than for one resulting from error, as fraud may involve collusion, forgery9\nintentional omissions, misrepresentations, or the override of internal control.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "dc4334ddfbd1fd69"}, {"chunk_id": "c85a59fb89e5e984", "content": "from material misstatement, whether due to fraud or error. 5. In preparing the Statement, the Board of Directors are responsible for assessing the Bank’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Bank or to cease operations, or has no realistic alternative but to do so. 6. The Board of Directors are also responsible for overseeing the Bank’s financial reporting Auditor’s Responsibilities for the Audit of the Financial Results s free from m, lsstatement whether due to fraud or error and to issue an audito report that ion. Reasonable assurance is a high level of assurance, but Our objectives are to obtain reasonable assurance about whether the Statement as a whole Kalyaniwalla & Mistry LLP Chartered Accountants Varma & Varma Chartered Accountants not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this Statement. 8. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: •", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "3.\nWe conducted our audit in accordance with the Standards on Auditing ('S As’) specified\nunder Section 143(10) of the Companies Act, 2013, as amended. Our responsibilities\nunder those standards are further described in the Auditors’ Responsibilities for the Audit\nof the Financial Results section of our report. We are independent of the Bank in\naccordance with the Code of Ethics issued by the Institute of Chartered Accountants of\nIndia (the 'ICAl’) together with the ethical requirements that are relevant to our audit of\nthe financial statements under the provisions of the Act and the rules thereunder, and we\nhave fulfilled our ethical responsibilities in accordance with these requirements and the\nCode of Ethics. We believe that the audit evidence obtained by us and other auditors in\nterms of their reports referred to in “Other Matters” paragraph below is sufficient and\nappropriate to provide a basis for our audit opinion.", "subsection": "•\nIdentify and assess the risks of material misstatement of the Statement, whether due to\nfraud or error, design and perform audit procedures responsive to those risks, and\nobtain audit evidence that is sufficient and appropriate to provide a basis for our\nopinion. The risk of not detecting a material misstatement resulting from fraud is\nhigher than for one resulting from error, as fraud may involve collusion, forgery9\nintentional omissions, misrepresentations, or the override of internal control.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "dc4334ddfbd1fd69"}, {"chunk_id": "584dca2ec291025d", "content": "8. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery9 intentional omissions, misrepresentations, or the override of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Bank has adequate internal financial controls with reference to financial statements in place and operating effectiveness of such controls. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors. • Conclude on the appropriateness of the Board of Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a rnaterial", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "3.\nWe conducted our audit in accordance with the Standards on Auditing ('S As’) specified\nunder Section 143(10) of the Companies Act, 2013, as amended. Our responsibilities\nunder those standards are further described in the Auditors’ Responsibilities for the Audit\nof the Financial Results section of our report. We are independent of the Bank in\naccordance with the Code of Ethics issued by the Institute of Chartered Accountants of\nIndia (the 'ICAl’) together with the ethical requirements that are relevant to our audit of\nthe financial statements under the provisions of the Act and the rules thereunder, and we\nhave fulfilled our ethical responsibilities in accordance with these requirements and the\nCode of Ethics. We believe that the audit evidence obtained by us and other auditors in\nterms of their reports referred to in “Other Matters” paragraph below is sufficient and\nappropriate to provide a basis for our audit opinion.", "subsection": "•\nIdentify and assess the risks of material misstatement of the Statement, whether due to\nfraud or error, design and perform audit procedures responsive to those risks, and\nobtain audit evidence that is sufficient and appropriate to provide a basis for our\nopinion. The risk of not detecting a material misstatement resulting from fraud is\nhigher than for one resulting from error, as fraud may involve collusion, forgery9\nintentional omissions, misrepresentations, or the override of internal control.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "dc4334ddfbd1fd69"}, {"chunk_id": "010ae99a9b89faa1", "content": "• Conclude on the appropriateness of the Board of Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a rnaterial uncertainty exists related to events or conditions that may cast significant doubt on the Bank’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors’ report. However, future events or conditions may cause the Bank to cease to contInue as a gorng concern. • Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represent the underlying transactions and events in a manner that achieves fair presentation.", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "3.\nWe conducted our audit in accordance with the Standards on Auditing ('S As’) specified\nunder Section 143(10) of the Companies Act, 2013, as amended. Our responsibilities\nunder those standards are further described in the Auditors’ Responsibilities for the Audit\nof the Financial Results section of our report. We are independent of the Bank in\naccordance with the Code of Ethics issued by the Institute of Chartered Accountants of\nIndia (the 'ICAl’) together with the ethical requirements that are relevant to our audit of\nthe financial statements under the provisions of the Act and the rules thereunder, and we\nhave fulfilled our ethical responsibilities in accordance with these requirements and the\nCode of Ethics. We believe that the audit evidence obtained by us and other auditors in\nterms of their reports referred to in “Other Matters” paragraph below is sufficient and\nappropriate to provide a basis for our audit opinion.", "subsection": "•\nIdentify and assess the risks of material misstatement of the Statement, whether due to\nfraud or error, design and perform audit procedures responsive to those risks, and\nobtain audit evidence that is sufficient and appropriate to provide a basis for our\nopinion. The risk of not detecting a material misstatement resulting from fraud is\nhigher than for one resulting from error, as fraud may involve collusion, forgery9\nintentional omissions, misrepresentations, or the override of internal control.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "dc4334ddfbd1fd69"}, {"chunk_id": "c415adc7ff7e30a8", "content": "9. Materiality is the magnitude of misstatements in the Statement that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Statement may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Statement . 10. We communicate with those charged with governance regarding, among other matters9 the planned scope and timing of the audit and significant audit findings, including any lificant deficiencies in internal controls that we identify during our audit. Kalyaniwalla & Mistry LLP Chartered Accountants Varma & Varma Chartered Accountants 11. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. 12. We report that the figures for the quarter ended March 31, 2025 represent the balancing figure between the audited figures in respect of the financial year ended March 3 1, 2025 and the published unaudited year-to-date figures up to December 3 1, 2024, being the date", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "9.\nMateriality is the magnitude of misstatements in the Statement that, individually or in\naggregate, makes it probable that the economic decisions of a reasonably knowledgeable\nuser of the Statement may be influenced. We consider quantitative materiality and\nqualitative factors in (i) planning the scope of our audit work and in evaluating the results\nof our work; and (ii) to evaluate the effect of any identified misstatements in the\nStatement .", "subsection": "Kalyaniwalla & Mistry LLP\nChartered Accountants\nFirm Regn. No. 1 04607W/Wloo 166", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7370c48acb7aee21"}, {"chunk_id": "939e9464cc10babf", "content": "figure between the audited figures in respect of the financial year ended March 3 1, 2025 and the published unaudited year-to-date figures up to December 3 1, 2024, being the date of the end of the third quarter of the current financial year, prepared in accordance with the Accounting standard 25 ’'Tnterim Financial Reporting’', which was subjected to limited review by us, as required under Listing Regulations. 13. The audit of quarterly/ annual financial results for the quarter ended March 31, 2024, and the year ended March 31, 2024, included in the financial results was carried out by predecessor auditors, who have expressed unmodified opinion vide audit report dated May 13, 2024, on those financial results. 14. These financial results incorporate the relevant returns of 971 branches including processing centres audited by the other auditors specially appointed for this purpose. These branches audited by other auditors cover 77.19 % of advances, 82.86 % of deposits and 66.08 % of non-performing assets as on 31 March 2025 and 82.07 % of revenue for the year ended March 31, 2025. The financial statements and relevant returns of these branches including processing centres have been audited by the Bank's Statutory Branch Auditors whose reports have been furnished to us by the Management of the Bark and our opinion in so far as it relates to the amounts and disclosures included in respect of", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "9.\nMateriality is the magnitude of misstatements in the Statement that, individually or in\naggregate, makes it probable that the economic decisions of a reasonably knowledgeable\nuser of the Statement may be influenced. We consider quantitative materiality and\nqualitative factors in (i) planning the scope of our audit work and in evaluating the results\nof our work; and (ii) to evaluate the effect of any identified misstatements in the\nStatement .", "subsection": "Kalyaniwalla & Mistry LLP\nChartered Accountants\nFirm Regn. No. 1 04607W/Wloo 166", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7370c48acb7aee21"}, {"chunk_id": "6c4cf50aedb41eef", "content": "Auditors whose reports have been furnished to us by the Management of the Bark and our opinion in so far as it relates to the amounts and disclosures included in respect of branches including processing centres, is based solely on the reports of such branch auditors. Our opinion is not modified in respect of the above matters. Kalyaniwalla & Mistry LLP Chartered Accountants Firm Regn. No. 1 04607W/Wloo 166 Varma & Varrna Chartered Accountants Firm Regn. No. 004532S", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "9.\nMateriality is the magnitude of misstatements in the Statement that, individually or in\naggregate, makes it probable that the economic decisions of a reasonably knowledgeable\nuser of the Statement may be influenced. We consider quantitative materiality and\nqualitative factors in (i) planning the scope of our audit work and in evaluating the results\nof our work; and (ii) to evaluate the effect of any identified misstatements in the\nStatement .", "subsection": "Kalyaniwalla & Mistry LLP\nChartered Accountants\nFirm Regn. No. 1 04607W/Wloo 166", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7370c48acb7aee21"}, {"chunk_id": "8d690d746e40f4a8", "content": "Classification I PUBLIC I W=:::== r Y::y 11111: 1:111 = :1 AUDITED FINANCIAL RESULTS FOR THE QUARTER /YEAR ENDED 31ST MARCH 2025 (Rs. in lakh) Year ended 3 1. Interest earned (a+b+c+d) a) Interest / discount on advances / bills b) Income on investments c) Interest on balances with Reserve Bank of India & other interbank funds d) Other interest 2. Other income 426 50933 302526 142667 905 164947 986263 439474 263875 146103 3. Total income (1+2) 4. Interest expended 5. Operating expenses (i+ii) (i) Employees cost We operating expenses 6. Total expenditure (excluding provisions and contingencies) (4+5) 7. Operating profit before provisions and contingencies (3-6) 8. Provisions (other than tax) and contingencies 9. Exceptional items 10. Profit from ordinary activities before tax (7-8-9)", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "Classification I PUBLIC\nI W=:::== \nr Y::y \n11111: 1:111 = \n:1", "subsection": "Kalyaniwalla & Mistry LLP\nChartered Accountants\nFirm Regn. No. 1 04607W/Wloo 166", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "974f94864fba8072"}, {"chunk_id": "abf188b48e3f6a7d", "content": "11. Tax expense 12. Net profit from ordinary activiti€ after tax (10-11) 13. Extraordinary items (net of tax expense) 14. Net profit for the period (12-13] 15. Paid-up equity share capital (FV Rs.2/- per share) 16. Reserves excluding revaluation reserve r Gq Registered & Central Office, No.20, Erode Road, Vadivel Nagar, L.N.S. KARUR - 639 002. Tamil Nadu ft) : (04324)269326,269340 E.mail : fcd@kvbmail.com Website : www.kvb.co.in Classification 1 PUBLIC", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "11. Tax expense\n12. Net profit from ordinary activiti€\nafter tax (10-11)\n13. Extraordinary items (net of tax\nexpense)\n14. Net profit for the period (12-13]\n15. Paid-up equity share capital (FV Rs.2/-\nper share)\n16. Reserves excluding revaluation\nreserve\nr\nGq", "subsection": "Kalyaniwalla & Mistry LLP\nChartered Accountants\nFirm Regn. No. 1 04607W/Wloo 166", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "db3edcf35d684080"}, {"chunk_id": "86fa29b9513542b8", "content": "Karur Vysya Bank Smart ',„ ,) t, bi„k (Rs. in lakh) Year ended Quarter ended 0 2 Particulars 3 r c Audited (i) % of shares held by Governme India W Capital adequacy ratio - Basel II (iii) Earnings per share (EPS)1 (Rs.) 18.17 15.91 16.67 18.17 16.67 a) Basic EPS before and after extraordinary items b) Diluted EPS before and after 19.97 extraordinary items (iv) NPA ratios a) Gross NPA b) Net NPA c) % of Gross NPA d) % of Net NPA 0.76 0.20 1.72 1164488 1.40 0.40 1.63 980282 (v) Return on asset (annualised) (%) 18. Net worth2 19. Paid up debt capital/ Outstanding debt3 (%) 20. Debt/equity ratio4 1 – EPS not annualised for the quarter. 3 – Outstanding debt / Total debts represent total borrowings of the Bank. Debt represents borrowings with residual maturity of more than one year. 2 – Net worth is calculated as per guidelines given under RBI Master Circular on Exposure Norms. 4 – Equity represents total of share capital and free reserves less proposed dividend. 5 – Total assets as per Balance Sheet.", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "Karur Vysya Bank\nSmart ',„ ,) t, bi„k", "subsection": "(Rs. in lakh)\nYear ended\nQuarter ended\n0 \n2\nParticulars\n3\nr \nc\nAudited", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0c405afedd4184c7"}, {"chunk_id": "4b33744bb5ec2cf5", "content": "Classification I PUBLIC Karur Vysya Bank SEGMENT REPORTING FOR THE QUARTER/YEAR ENDED 31ST MARCH 2025 Quarter ended 3 2 Business Segments (Rs. in lakh) Year ended 3 Segment revenue 1. Treasury ?. Corporate/Wholesale banking 4. Other banking operations Total 1. Treasury Uorporate/Wholesale banking Wetail banking a) Digital Banking b) Other Retail Banking 4. Other banking operations Less: Unallocated income/expenses Operating profit Tax expense Other provisions Net profit from ordinary activities Extraordinary items Net profit Segment assets 1. Treasury 2. Corporate/Wholesale banking 3. Retail banking 2711385 1721605 6811768 2559353 1736433 6621316 2711385 1721605 6811768 2311896 1570542 5904038 a) Digital Banking b) Other Retail Banking 4. Other banking operations 5. Unallocated Total segment assets Segment liabilities 1. Treasury 6Ty; biT teD J ; C.O al a ) al 34L + 2442639 1 2351763 1 2146674 Finance & Control Department Registered & Central Office, No.20, Erode Road, Vadivel Nagar, L.N.S. KARUFI - 639 002. Tamil Nadu @ : (04324)269326,269340 E.mail : fcd@kvbmail.com Website : www.kvb.co.in CIN : L6511 OTN1916PLCO01295", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "Classification I PUBLIC\nKarur Vysya Bank", "subsection": "1. Treasury\n6Ty;\nbiT teD\nJ\n;\nC.O\nal\na\n)\nal\n34L +", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2eed6b1e051852fd"}, {"chunk_id": "c842b6cb5c165887", "content": "Classification I PUBLIC I W :/Ir;JrY:=B:IS Quarter ended 3 2 Business Segments (Rs. in lakh) Year ended 2. Corporate/Wholesale banking 3. Retail banking b) Other Retail Banking 4. Other banking operations 5. Unallocated 646406 10498159 622934 10743787 681882 9541317 681882 9541317 Total (a) Capital employed (Segment assets - Segment liabilities) 2. Corporate/Wholesale banking 3. Retail banking b) Other Retail Banking 4. Other banking operations 5. Unallocated 69050 1192955 11936742 73819 1139168 11637327 76968 1004009 10545326 69050 1192955 11936742 Total (b) Total segment liabilities (a+b) For the above segment reporting, the reportable segments are identified into Treasury, Corporate/Wholesale banking, Retail banking (Digital Banking & Other Retail Banking) and other banking operations in compliance with RBI guidelines. The Bank operates only in India. Digital Banking Segment is a sub-segment of Retail Banking Segment under Accounting Standard 17 – Reporting and segment information disclosed above is related to the said DBU for the quarter/year e March 2025. i. C \\) : ) X L) '\\ L Finance & Control Department Registered & Central Office, No.20, Erode Road, Vadivel Nagar, L.N.S. KARUF3 - 639 002. Tamil Nadu rE : (04324)269326,269340 E.mail : fcd@kvbmail.com Website : www.kvb.co.in CIN : L651 IOTN1916PLCO01295 GSTIN : 33AAACT3373JIZD Classification 1 PUBLIC", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "Classification I PUBLIC\nI W :/Ir;JrY:=B:IS", "subsection": "Quarter ended\n3 \n2\nBusiness Segments", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c3c62a918611ce18"}, {"chunk_id": "e6926fddb7436e1c", "content": "STATEMENT OF ASSETS AND LIABILITIES (Rs. in lakh) As on 31.03.2024 Capital & liabilities Capital Reserves and surplus 16102 1176852 10207799 Borrowings 1 bilities and provisions Total Assets 121698 414291 11936742 247835 382211 10545326 Cash & balances with Reserve Bank of India a y at call and short notice Investments Advances Fixed assets Other assets Total 45253 2383125 8400454 49017 323474 11936742 43288 335081 10545326 (Rs. in /ak/IJ Year ended 31-03-2024 Year ended 31-03-2025 {ash flow from/(used in) operating activities Net Profit as per Profit and Loss account Adjustments for e on Bank’s property Interest paid on TIER II bonds r or other contingencies Provision for taxes Provision for depreciation on investment Provision for standard assets Provision for bad and doubtful debts Ur vision for non performing investments provision for compensation absences Provision for medical leave", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "Karur Vysya Bank", "subsection": "Smart w dy to batIk", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2468849df60c2f80"}, {"chunk_id": "36f86289b932cfec", "content": "o paid on Held to Maturity (HTM) investments Wsion for employees stock option plan / scheme Wt) /Loss on sale of fixed assets (net) Wating profit before working capital changes Wlstments for working capital changes r Decrease in investments (excluding HTM investments) (Increase) / Decrease in advances (Increase) / Decrease in other assets Increase / (Decrease) in deposits r (Decrease) in borrowings Increase / (Decrease) in other liabilities and provisions (51500) 448706 Direct taxes paid Net cash flow (from)/ used in operating activities a from investing activities Purchase of fixed assets (Increase)/Decrease in HTM investments Sale of fixed assets / other assets rom / (used in) investing activities Cash flow from financing activities froceeds from share capital Proceeds from share premium Increase/(Decrease) in tier II bonds Interest paid on tier II bonds Dividend paid e / (decrease) in cash & cash equivalents a sh equivalents at the beginning of the year Cash and cash equivalents at the end of the year", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "o \npaid on Held to Maturity (HTM) investments\nWsion for employees stock option plan / scheme\nWt) \n/Loss on sale of fixed assets (net)\nWating \nprofit before working capital changes\nWlstments \nfor working capital changes\nr \nDecrease in investments (excluding HTM investments)\n(Increase) / Decrease in advances\n(Increase) / Decrease in other assets", "subsection": "Smart w dy to batIk", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b476ef86d6a2fbb5"}, {"chunk_id": "2dacc8527af93af3", "content": "Karur Vysya Bank Smart tv i) to bank 1. The above audited financial results for the quarter/year ended March 31, 2025 have been recommended by the Audit Committee of the Board and approved by the Board of Directors at the meeting held on May 19, 2025. The same has been subjected to audit as per the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), by the Joint Statutory Central Auditors (M/s. Kalyaniwalla & Mistry LLP, Chartered Accountants and M/s. Varma & Varma, Chartered Accountants) of the bank and have issued an unmodified opinion. The financial results for the quarter and year ended March 31 2024, were audited by predecessor Joint Statutory Central Auditors ( M/s. Sundaram & Srinivasan, Chartered Accountants and M/s. R.G.N. Price & Company, Chartered Accountants), who have expressed unmodified opinion vide audit report dated May 13,2024 on those financial results. 2. There has been no change in the accounting policy except with respect to 'Investments’ to comply with the Reserve Bank of India Master Direction on Classification, Valuation and Operation of Investment Port folio of Commercial Banks (Directions) 2023 dated September 12, 2023 ('Master Direction’) which is effective from April 01, 2024 read with the frequently asked questions issued by the Fixed Income Money Market and Derivatives Association of India ('FIMMDA’).", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "Karur Vysya Bank\nSmart tv i) to bank", "subsection": "Smart w dy to batIk", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "85126b271206227b"}, {"chunk_id": "c6c20c7f65c69670", "content": "01, 2024 read with the frequently asked questions issued by the Fixed Income Money Market and Derivatives Association of India ('FIMMDA’). Accordingly, the investment of the Bank as at April 01, 2024 have been reclassified, wherever required and valued in accordance with the requirement of said Master Direction and transitional adjustment on account of 'Available For Sale’ (AFS) portfolio and other securities has been adjusted in AFS reserve and opening General reserve to the extent of Rs.2300.60 lakhs and Rs.26097.86 lakhs (which includes reversal of provision for depreciation of Rs.5805.86 lakhs and transfer of Investment Reserve of Rs.20292.00 lakhs) respectively. Thus, corresponding quarter and year ended figures in respect of March 31, 2024 are not comparable. The impact on account of this change in the accounting policy is not material for the quarter and year ended March 31, 2025. All investments purchased and sold during the current quarter and year ended March 31, 2025 are done in compliance with the requirements of the master direction & revised accounting policy. In compliance with Master Directions, the valuation gains and losses for the quarter and year ended March 31, 2025 across all performing investment held under AFS is aggregated and the net gain amounting to Rs.2158.05 lakhs (net of tax) and Rs.5502.28 lakhs (net of tax) for the quarter and year ended March 31, 2025, respectively, has been directly", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "Karur Vysya Bank\nSmart tv i) to bank", "subsection": "Smart w dy to batIk", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "85126b271206227b"}, {"chunk_id": "15b2a2a0435650d4", "content": "Rs.5502.28 lakhs (net of tax) for the quarter and year ended March 31, 2025, respectively, has been directly credited to AFS Reserve. The securities held in Fair Value through Profit and Loss ('FVTPL’) and Held for Trade ('HFT’) are fair valued and valuation losses (net) for the quarter and year ended March 31, 2025 amounting to Rs.49.64 lakhs and Rs.501.56 lakhs respectively, arising on such valuation have been charged to the Profit and Loss 3. The financial results are prepared after considering provisions for non-performing advances, non-performing investments, standard advances (including stressed advances/sectors), restructured advances, exposures to entities with unhedged foreign currency exposure, income tax (including litigated taxes as applicable) and other necessary provISIons. 4. Other income includes fees earned from providing services to customers, commission from non-fund based banking activities, earnings from foreign exchange transactions, selling third party products, profit on sale of investments (net), recoveries in written off accounts, profit on bullion business etc.", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "Karur Vysya Bank\nSmart tv i) to bank", "subsection": "Smart w dy to batIk", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "85126b271206227b"}, {"chunk_id": "187edd04891c4409", "content": "Karur Vysya Bank Smart 'tv aT to bank 5. During the quarter and year ended March 31, 2025 the Bank has allotted 116895 equity shares and 680540 equity shares respectively (corresponding quarter and previous year 5,77,186 equity shares and 23,23,535 equity shares respectively) of face value Rs. 2/- each, pursuant to the exercise of stock options by employees. In addition during the current year 61019 equity shares of face value of Rs.2/- each have been allotted under 2017 rights issue and 6102 equity shares of face value Rs. 2/- each allotted under bonus shares of 2018 which were kept on abeyance. 6. Details of disclosure on resolution plan implemented under the Resolution Framework for COVID-19 related stress as per RBI Circular DC)R.No.BP.BC/3/21.04.048/2020-21 dated 6th August 2020 (Resolution Framework 1.0) and as per RBI circular DOR.STR.REC.11/21.04.048/2021-22 dated 5th May 2021 (Resolution Framework 2.0) \"Covid-19 Related Stress of Individuals and Small businesses\" are given below: Exposure to accounts classified Exposure to accounts classified as Standard Of (A), amount written Of (A), amount paid by the as Standard consequent to implementation of consequent to implementation of slipped into NPA during the resolution plan outstanding as at resolution plan outstanding as at Corporate persons # Of which MSMEs Others Total 1 Represents Net Movement in Balances *As defined in Section 3(7) of the Insolvency and Bankruptcy Code, 2016 7.", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "Karur Vysya Bank\nSmart 'tv aT to bank", "subsection": "Smart w dy to batIk", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6520ecf5eae4c4a3"}, {"chunk_id": "fc8c517261a775f7", "content": "resolution plan outstanding as at resolution plan outstanding as at Corporate persons # Of which MSMEs Others Total 1 Represents Net Movement in Balances *As defined in Section 3(7) of the Insolvency and Bankruptcy Code, 2016 7. Disclosure as per RBI Circular DOR.STR.REC.51/21.04.048/2021-22 dated September 24, 2021 (updated as on December 05, 2022 and December 28, 2023) in respect of loans not in default / stressed loans transferred / acquired during the quarter/year ended March 31, 2025 : a) Loans not in default acquired through assignment (Rs. in lakh) lded 31“ M :h 2025 Acquired from Quarter ended 31“ March 2025 Particu Ia rs SCBs, RRBs, UCBs, StCBs SCBs, RRBs, UCBs StCBs, DCCBs, AIFls ARCs SFBs and NBFCs DCCBs, AIFls, SFBs and", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "Karur Vysya Bank\nSmart 'tv aT to bank", "subsection": "Smart w dy to batIk", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6520ecf5eae4c4a3"}, {"chunk_id": "46fcfacc80cb3ec8", "content": "Classification I PUBLIC Karur Vysya Bank Aggregate principal outstanding of loans acquired Aggregate consideration paid Weighted average residual tenor of loans acquired Ranging between 96.22 Ranging between 252% to 333% Coverage of tangible security by the transferor Rating wise distribution of loans acquired Not Applicable* Retention of beneficial economic interest b) Loans classified as NPAs and SMA transferred Quarter ended 31“ March 2025 (Rs. in lakhs) Year ended 31“ March 2025", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "Classification I PUBLIC\nKarur Vysya Bank", "subsection": "Smart w dy to batIk", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4a823e25fe2f9caf"}, {"chunk_id": "ca771591a68ff141", "content": "Transferred to =R , Tier-littedTIth,rs transferees =R :T$errTjittedTlthers transfe rees Aggregate principal outstanding of loans transferred Weighted average residual tenor of the loans transferred Net book value of loans transferred (at the time of transfer) Aggregate consideration Additional consideration realized in respect of accounts transferred in earlier years Excess provision reversed to the P&l a/c. on account of sale of NPA c) The Bank has neither transferred any stressed (SMA) loans and loans not in default during FY 2024-25; nor has acquired any stressed loans / loans classified as NPA during the financial year 2024-25 (also during previous year). d) Recovery Ratings assigned to outstanding SRs as on March 31, 2025 by Credit Rating Agencies: (Rs. in lakhs) Book Value", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "Transferred to\n=R , Tier-littedTIth,rs\ntransferees", "subsection": "=R :T$errTjittedTlthers\ntransfe rees", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "deaaaac4709ade06"}, {"chunk_id": "7ea2d82724e0fad2", "content": "Classification I PUBLIC Karur Vysya Bank Smart 'tv a) to bank Unrated* (Rating Withdrawn) *As per RBI guideline, rating is not applicable after 8 years 8. Provision Coverage Ratio as on March 31, 2025, calculated as per RBI guidelines is 96.81% (94.85% for the corresponding period of previous year). 9. The Board of Directors have recommended a dividend of 130% i.e. Rs.2.60 per equity share of Rs. 2.00 each for the year ended 31“ March 2025 (previous year 120% i.e. Rs.2.40 per share) subject to the approval of the shareholders at the ensuing Annual General Meeting. Effect of proposed dividend has been reckoned in capital adequacy ratio computation. 10. In accordance with RBI circular DOR.CAP.REC.4/21.06.201/2024-25 dated April 01, 2024, read together with RBI circular DBR.No.BP.BC.1/21.06.201/2015-16 dated July 01, 2015, Banks are required to make Pillar 3 disclosures under Basel III capital regulations. Accordingly, Pillar 3 disclosures under Basel III capital regulations will be made available on the Bank’s website at the following link https://www.kvb.co.in/about- us/disclosures/pillar-Ill-disclosures/, including disclosures in respect of Net Stable Funding Ratio (NSFR) as per RBI circular DC)R.No.LRG.BC.40/21.04.098/2020-21 dated February 05, 2021 read together with circular DBR.BP.BC.No.106/ 21.04.098/2017-18 dated May 17, 2018. These disclosures have not been subjected to audit/review by the Joint Statutory Central Auditors. 11.", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "Classification I PUBLIC\nKarur Vysya Bank\nSmart 'tv a) to bank", "subsection": "=R :T$errTjittedTlthers\ntransfe rees", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e24539f80069d02e"}, {"chunk_id": "a7d7be6df793af9b", "content": "DBR.BP.BC.No.106/ 21.04.098/2017-18 dated May 17, 2018. These disclosures have not been subjected to audit/review by the Joint Statutory Central Auditors. 11. The bank has filed a writ petition and obtained an interim stay from the Hon’ble High Court of Madras in respect of a show cause notice issued during the year/quarter ended December 31, 2024 by the Commercial Taxes Department, Tamil Nadu, proposing to levy Goods and Service Tax (GST) and penalty thereon aggregating to Rs.253743.26 lakhs for an earlier year. The management has been legally advised that the same is not tenable as per provisions of GST Act and hence does not require any provision or disclosure as contingent liability in the financial results. The above matter has also been intimated to the Stock Exchanges on December 21, 2024, as per the requirements of the Listing agreement. 12. The Income Tax Department has completed the regular assessment under Sec. 143(3) and passed assessment order pertaining to AY 2023-24, wherein there is a demand of Rs. 16033 lakhs on account of certain additions and disallowances made. The Bank has filed an appeal before the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre. Looking at the precedence/ Orders of appellate authorities, the Bank believes that it has adequate factual and legal grounds to reasonably substantiate its position in the matter and considering the", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "Classification I PUBLIC\nKarur Vysya Bank\nSmart 'tv a) to bank", "subsection": "=R :T$errTjittedTlthers\ntransfe rees", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e24539f80069d02e"}, {"chunk_id": "19e11bbad3c4352b", "content": "Looking at the precedence/ Orders of appellate authorities, the Bank believes that it has adequate factual and legal grounds to reasonably substantiate its position in the matter and considering the expected relief, the Bank expects that the entire demand will be set aside. As such, there is no impact on financial, operations or other activities of the Bank. a", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "Classification I PUBLIC\nKarur Vysya Bank\nSmart 'tv a) to bank", "subsection": "=R :T$errTjittedTlthers\ntransfe rees", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e24539f80069d02e"}, {"chunk_id": "36e331c8fcec3b3b", "content": "Classification 1 PUBLIC Karur Vysya Bank Smart way to bank 13. The Bank does not have any Subsidiaries/Associates/Joint ventures as on March 31, 2025, hence, disclosure related to Consolidated Financial Statement is not applicable at this stage. 14. Figures for the previous period/s have been re-grouped / re-classified, where necessary, to make them comparable with current period figures. The Figures for the quarter ended March 31, 2025 are the balancing figures between audited figures in respect of year ended March 31, 2025 and the published year to date figures upto Dec 31, 2024. For a% on behalf of Board of Directors Date : May 2025 B. Ramesh Babu Registered & Central Office, No.20, Erode Road, Vadivel Nagar, L.N.S. KARUF3 - 639 002. Tamil Nadu © : (04324)269326,269340 E.mail : fcd@kvbmail.com GSTIN : 33AAACT3373JIZD Page 11 of 11", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "Classification 1 PUBLIC\nKarur Vysya Bank\nSmart way to bank", "subsection": "=R :T$errTjittedTlthers\ntransfe rees", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c37a177f1a2f7268"}, {"chunk_id": "2dabb542b33c4e91", "content": "[TABLE] Company: KVB | Year: FY2025 | Section: Yours faithfully()\nQ\nC\nZr | Page: 1\n\n|  |  |  |  |  | Karur | Vysya |\n|---|---|---|---|---|---|---|\n|  |  |  |  |  | Smart | a) to 'tv |\n| FCD/Q4/RES/3 /2025 1 |  |  |  | May | 19, 2025 |  |\n| The Manager, |  | The Mana | ger, |  |  |  |\n| National Stock Exchange of India Ltd, |  | BSE limite | d, |  |  |  |\n| Exchange Plaza, 5th Floor, |  | Phiroze J | eejeebho | y Towe | rs, |  |\n| Plot No. C/1, 'G’ Block, |  | DalaI Stre | et, |  |  |  |\n| Bandra-Kurla Complex, |  | Mumbai – | 400001 |  |  |  |\n| Bandra (East), Mumbai – 400 051 |  |  |  |  |  |  |\n| Scrip Code: KARURVYSYA |  | Scrip Cod | e: 59000 | 3 |  |  |\n| Dear Sirs, |  |  |  |  |  |  |\n| Reg: Audited Financial Results of the | Bank for the | quarter / | year en | ded 31 | ;t MarI.,h | 2025 |\n| Pursuant to Regulations 30, 33 and ot | her applicab | le provisio | ns of Se | curitie | s and Ex | change |\n| Board of India (Listing Obligations a | nd Disclosu | re Require | ments) | Regula | tions, 20 | 15, we |\n| enclose herewith a copy of the audited | financial res | ults for the | quarter | /year e | nded 31= | t March |\n| 2025. The results were duly approved by | the Board of | Directors | at its me | eting h | eld today |  |\n| A coPY of Audit Report issued bY the Joi | nt Statutory C | entral Au | ditors M/ | s. Kaly | aniwalla & | Mistry |\n| LLP, Chartered Accountants (Registratio | n No.: 1046 | 07w/wl 00 | 166) and | M/s. | Varma & | Varma |\n| Chartered Accountants (Registration No. | : o04532s) fo | r the quar | ter/year | ended | 31 st Marc | h 2025 |\n| is also enclosed. |  |  |  |  |  |  |\n| Further, in terms of Regulation 33(3 | )(d) of SE | BI (Listing | Obliga | tions | and Dis | closure |\n| Requirements) Regulations, 2015, we he | re-by confirm | that the | Joint Sta | tuto,y | Central A | uditors |\n| have given an unmodified opinion on the | Audited Fina | ncial Res | ults for th | e fina | ncial year | ended |\n| 31;t March 2025. The Board of Direc | tors of the | Bank has | recom | mende | d a divid | end of |\n| Rs' :l' Goh per equitY share of face va | lue Rs. 2/- e | ach (i.e. | nL%) | for t | he financi | ;1';eaF |\n| ended 31=t March 2025, subject to the | approval of | the share | holders | at the | ensuing | Annual |\n| General Meeting (AGM) of the Bank. |  |  |  |  |  |  |\n| R:=;SElltiT;'=:=dE=T:i:d::.: t | %[%KF | Nlinf EIE | T:= | ==1 | ,[ =’,L;J ::: | IT:= yT |\n| the Board meeting continued for considera | tion of other | agenda it | ems. |  |  |  |\n| Kindly take the same on your records. |  |  |  |  |  |  |\n| Yours faithfully |  |  |  |  |  |  |\n| () Zr |  |  |  |  |  |  |\n| Q C Srinivasarao M Company Secretary & Deputy General Manager |  |  | THE KAR Finance & C Registered | UR VY ontrol De & Central | SYAB ANK partment Office, No.20, | LIMITED Erode Road, |", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 1, "section": "Yours faithfully()\nQ\nC\nZr", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "036fdf7dc3ff1e05", "content": "[TABLE] Company: KVB | Year: FY2025 | Section: Independent Auditors’ Report on Quarterly and Year to Date Financial Results of The\nKarur VYSYa Bank Limited pursuant to the Regulation 33 of the Securities and\nExchange Board of India \n(Listing \nObligations and Disclosure Requirements)\nRegulations, 2015 (as amended) for the Quarter and Year ended March 31, 2025. > Regulations in this regard except for the disclosures relating to Pillar 3 disclosure as at\nMarch 31, 2025 including \nleverage ratio, liquidity \ncoverage ratio and net stable\nfunding ratio under Basel III Capital Regulations as have been disclosed on the\nBank’s website and in respect of which a link has been provided in the Statement and\nhave not been audited by us; and\nb) gives a true and fair view in conformity \nwith the recognition \nand measurements\nprinciples laid down in the applicable accounting standards as per Section 133 of the\nCompanies Act, 2013 \n(the \n' Act’) \nread with Companies (Accounting \nStandards)\nRules, 2021 to the extent applicable, the relevant provisions of the Banking\nRegulation Act, 1949, the circulars, guidelines, directions issued by the Reserve Bank\nof India ('RBI’) from time to time (the 'RBI Guidelines’) and other accounting\nprinciples generally accepted in India, of the net profit and other financial information\nof the Bank for the quarter and year ended March 3 19 2025. | Page: 2\n\n| Kal | yaniwalla & | Mistry LLP |  | Varma & Varma |  |  |\n|---|---|---|---|---|---|---|\n| Cha 3rd F | rtered Accou loor, Pro-1 Bu | ntants siness Centre. |  | Chartered Accou | ntants |  |\n| Sena Pune | pati Bapat Ro – 411 016 | ad, |  | “Sreeraghavam”, Building No. 53/2 Off Kunjanbava R | Kerala 600 B, oad, V | Varma Tower, C, D & E, yttila P.O, |\n| Mah | arashtra |  |  | Kochi – 682019, K | erala |  |\n| Inde | pendent Aud | itors’ Report | on Quarterly and | Year to Date Fin | ancial | Results of Th |\n| Kar | ur VYSYa B | ank Limited | pursuant to the | Regulation 33 o | f the | Securities an |\n| Exch | ange Board | of India | (Listing Obligati | ons and Disclo | sure | Requirements |\n| Reg | ulations, 2015 | (as amended) | for the Quarter a | nd Year ended M | arch 3 | 1, 2025. |\n| The | Board of Direc | tors |  |  |  |  |\n| The | Karur Vysya B | ank Limited |  |  |  |  |\n| Karu | r |  |  |  |  |  |\n| Repo | rt on the Aud | it of the Finan | cial Results |  |  |  |\n| Opini | on |  |  |  |  |  |\n| 1. W | e audit | ed the accom | panying | of quarterly and y | ear to | date |\n| re | have sults of The | Karur Vysya | Statement Bank Limited (t | he 'Bank’) for the | quart | financial er and the year |\n| en | ded March 3 | 1, 2025, (the ' | Statement’) being | submitted by the | Bank | pursuant to the |\n| re | quirement of | Regulation 33 | of the Securities | and Exchange Bo | ard of | India (Listing |\n| O | bligations and | Disclosure R | equirements) Regu | lations9 20159 as a | mend | ed ('the Listing |\n| R | egulations’) e | xcept for the | disclosures relating | to Pillar 3 disclo | sure a | s at March 31, |\n| 20 | 25, including | “Leverage Ra | tio”, “Liquidity Co | verage Ratio” and | “Net | Stable Funding |\n| R | atio” under Ba | sel III Capital | Regulations as hav | e been disclosed o | n the | Bank’s website |\n| an | d in respect o | f which a link | has been provided | in the aforesaid St | ateme | nt and have not |\n| be | en audited by | us. |  |  |  |  |\n| In us, | our opinion a the aforesaid | nd to the best Statement: | of our information | and according to | explan | ations given to |\n| a) | is presented | in accordanc | e with the require | ments of Regulati | on 33 | of the Listing |\n|  | Regulations i | n this regard e | xcept for the disclo | sures relating to Pi | llar 3 d | isclosure as at |\n|  | March 31, 2 | 025 including | leverage ratio, li | quidity coverage | ratio a | nd net stable |\n|  | funding ratio | under Basel | III Capital Regul | ations as have be | en dis | closed on the |\n|  | Bank’s websi | te and in resp | ect of which a link | has been provided | in the | Statement and |\n|  | have not been | audited by us | ; and |  |  |  |\n| b) | gives a true | and fair view | in conformity wi | th the recognition | and | measurements |\n|  | principles lai Companies A | d down in the ct, 2013 (th | applicable account e Act’) read with | ing standards as pe Companies (Acc | r Sect ountin | ion 133 of the g Standards) |\n|  | Rules, 2021 | to the exte | ' nt applicable, the | relevant provisio | ns of | the Banking |\n|  | Regulation A | ct, 1949, the ci | rculars, guidelines | , directions issued | by the | Reserve Bank |\n|  | of India ('RB | I’) from time | to time (the 'R | BI Guidelines’) a | nd oth | er accounting |\n|  | principles gen | erally accepte | d in India, of the ne | t profit and other f | inancia | l information |\n|  | of the Bank fo | r the quarter a | nd year ended Marc | h 3 19 2025. |  |  |", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 2, "section": "Independent Auditors’ Report on Quarterly and Year to Date Financial Results of The\nKarur VYSYa Bank Limited pursuant to the Regulation 33 of the Securities and\nExchange Board of India \n(Listing \nObligations and Disclosure Requirements)\nRegulations, 2015 (as amended) for the Quarter and Year ended March 31, 2025.", "subsection": "Regulations in this regard except for the disclosures relating to Pillar 3 disclosure as at\nMarch 31, 2025 including \nleverage ratio, liquidity \ncoverage ratio and net stable\nfunding ratio under Basel III Capital Regulations as have been disclosed on the\nBank’s website and in respect of which a link has been provided in the Statement and\nhave not been audited by us; and\nb) gives a true and fair view in conformity \nwith the recognition \nand measurements\nprinciples laid down in the applicable accounting standards as per Section 133 of the\nCompanies Act, 2013 \n(the \n' Act’) \nread with Companies (Accounting \nStandards)\nRules, 2021 to the extent applicable, the relevant provisions of the Banking\nRegulation Act, 1949, the circulars, guidelines, directions issued by the Reserve Bank\nof India ('RBI’) from time to time (the 'RBI Guidelines’) and other accounting\nprinciples generally accepted in India, of the net profit and other financial information\nof the Bank for the quarter and year ended March 3 19 2025.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "165de78eaa122ad1", "content": "[TABLE] Company: KVB | Year: FY2025 | Section: 3.\nWe conducted our audit in accordance with the Standards on Auditing ('S As’) specified\nunder Section 143(10) of the Companies Act, 2013, as amended. Our responsibilities\nunder those standards are further described in the Auditors’ Responsibilities for the Audit\nof the Financial Results section of our report. We are independent of the Bank in\naccordance with the Code of Ethics issued by the Institute of Chartered Accountants of\nIndia (the 'ICAl’) together with the ethical requirements that are relevant to our audit of\nthe financial statements under the provisions of the Act and the rules thereunder, and we\nhave fulfilled our ethical responsibilities in accordance with these requirements and the\nCode of Ethics. We believe that the audit evidence obtained by us and other auditors in\nterms of their reports referred to in “Other Matters” paragraph below is sufficient and\nappropriate to provide a basis for our audit opinion. > Auditor’s Responsibilities for the Audit of the Financial Results | Page: 3\n\n| alyaniwalla & | Mistry LLP |  | Varma & | Varma |\n|---|---|---|---|---|\n| hartered Acco | untants |  | Chartered | Accountants |\n| asis of Opinion |  |  |  |  |\n| We conducte | d our audit in acco | rdance with the Stan | dards on Auditing ( | 'S As’) specified |\n| under Sectio | n 143(10) of the | Companies Act, 201 | 3, as amended. Ou | r responsibilities |\n| under those s | tandards are further | described in the Au | ditors’ Responsibilit | ies for the Audit |\n| of the Finan | cial Results secti | on of our report. W | e are independent | of the Bank in |\n| accordance w | ith the Code of Et | hics issued by the In | stitute of Chartere | d Accountants of |\n| India (the 'IC | Al’) together with | the ethical requirem | ents that are releva | nt to our audit of |\n| the financial | statements under th | e provisions of the A | ct and the rules the | reunder, and we |\n| have fulfilled | our ethical respo | nsibilities in accorda | nce with these requi | rements and the |\n| Code of Ethic | s. We believe that | the audit evidence | obtained by us and | other auditors in |\n| terms of their | reports referred t | o in “Other Matters | ” paragraph below | is sufficient and |\n| appropriate to | provide a basis for | our audit opinion. |  |  |\n| anagement an | d Board of Directo | rs’ Responsibilities | for the Financial R | esults |\n| The Statement | has been compile | d from the related a | udited Annual Finan | cial Statements |\n| and approved | by the Board of D | irectors of the Bank. | The Bank’s Board | of Directors are |\n| responsible fo | r preparation and | presentation of the | Statement that gives | a true and fair |\n| view of the fi | nancial position, | financial performanc | e and cash flows o | f the Bank and |\n| other financia | l information in | accordance with th | e accounting princ | iples generally |\n| accepted in In | dia including the A | ccounting Standards | prescribed under Se | ction 133 of the |\n| Act read with | Companies (Acco | unting Standards) R | ules, 2021, to the ex | tent applicable, |\n| and the releva | nt provisions of the | Banking Regulation | Act, 1949 and RBI | guidelines from |\n| time to time | and in complian | ce with regulation | 33 of Listing Re | gulations. This |\n| responsibility | also includes main | tenance of adequat | e accounting record | s in accordance |\n| with provision | s of the Act the | Banking Regulation | Act, 1949, and RBI | Guidelines for |\n| safeguarding t | he assets of the B | ank and for prevent | ing and detecting fr | auds and other |\n| irregularities; | selection and ap | plication of approp | riate accounting p | olicies; making |\n| judgements an | d estimates that a | re reasonable and pr | udent; and design, | implementation |\n| and maintenan | ce of adequate inte | rnal financial control | s that were operatin | g effectively for |\n| ensuring the | accuracy and com | pleteness of the a | ccounting records, | relevant to the |\n| preparation an | d presentation of t | he Statement that giv | e a true and fair vi | ew and are free |\n| from material | misstatement, whet | her due to fraud or er | ror. |  |\n| In preparing t | he Statement, the | Board of Directors | are responsible fo | r assessing the |\n| Bank’s ability t | o continue as a go | ing concern, disclosi | ng, as applicable, m | atters related to |\n| going concern | and using the go | ing concern basis o | f accounting unles | s the Board of |\n| Directors eithe | r intends to liquida | te the Bank or to c | ease operations, or | has no realistic |\n| alternative but t | o do so. |  |  |  |\n| The Board of D | irectors are also re | sponsible for overse | eing the Bank’s fina | ncial reporting |\n| process. |  |  |  |  |\n| ditor’s Respon | sibilities for the A | udit of the Financia | l Results |  |\n| Our objectives | are to obtain reaso | nable assurance abou | t whether the Statem | ent as a whole |\n| s free from m, | lsstatemen | t whether due to frau | d or error and to iss | ue an audito |\n| report that | ion. R | easonable assurance | is a high level of a | ssurance, but |", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "3.\nWe conducted our audit in accordance with the Standards on Auditing ('S As’) specified\nunder Section 143(10) of the Companies Act, 2013, as amended. Our responsibilities\nunder those standards are further described in the Auditors’ Responsibilities for the Audit\nof the Financial Results section of our report. We are independent of the Bank in\naccordance with the Code of Ethics issued by the Institute of Chartered Accountants of\nIndia (the 'ICAl’) together with the ethical requirements that are relevant to our audit of\nthe financial statements under the provisions of the Act and the rules thereunder, and we\nhave fulfilled our ethical responsibilities in accordance with these requirements and the\nCode of Ethics. We believe that the audit evidence obtained by us and other auditors in\nterms of their reports referred to in “Other Matters” paragraph below is sufficient and\nappropriate to provide a basis for our audit opinion.", "subsection": "Auditor’s Responsibilities for the Audit of the Financial Results", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "2806e56741aafd08", "content": "[TABLE] Company: KVB | Year: FY2025 | Section: 9.\nMateriality is the magnitude of misstatements in the Statement that, individually or in\naggregate, makes it probable that the economic decisions of a reasonably knowledgeable\nuser of the Statement may be influenced. We consider quantitative materiality and\nqualitative factors in (i) planning the scope of our audit work and in evaluating the results\nof our work; and (ii) to evaluate the effect of any identified misstatements in the\nStatement . | Page: 4\n\n| aly | aniwalla & Mistry | LLP |  | Varma & | Varma |\n|---|---|---|---|---|---|\n| har | tered Accountants |  |  | Chartered | Accountants |\n| n | ot a guarantee that | an audit conducted in | accordance | with SAs will | always detect |\n| m | aterial misstatement | when it exists. Missta | tements can | arise from fraud | or error and ar |\n| c | onsidered material if | , individually or in the | aggregate, th | ey could reason | ably be expected |\n| to | influence the econo | mic decisions of users | taken on the | basis of this Sta | tement. |\n| A | s part of an audit | in accordance with S | As, we exer | cise profession | al judgment an |\n| m | aintain professional | skepticism throughout | the audit. W | e also: |  |\n| • | Identify and asses | s the risks of material m | isstatement | of the Statemen | t, whether due to |\n|  | fraud or error, de | sign and perform aud | it procedures | responsive to | those risks, and |\n|  | obtain audit evide | nce that is sufficient | and approp | riate to provide | a basis for ou |\n|  | opinion. The risk | of not detecting a m | aterial misst | atement resultin | g from fraud is |\n|  | higher than for on | e resulting from erro | r, as fraud | may involve col | lusion, forgery9 |\n|  | intentional omissio | ns, misrepresentations, | or the overr | ide of internal c | ontrol. |\n| • | Obtain an underst | anding of internal con | trol relevant | to the audit in | order to design |\n|  | audit procedures th | at are appropriate in t | he circumstan | ces. Under Sec | tion 143(3)(i) of |\n|  | the Act, we are al | so responsible for expr | essing our o | pinion on wheth | er the Bank has |\n|  | adequate internal fi | nancial controls with r | eference to f | inancial stateme | nts in place and |\n|  | operating effectiven | ess of such controls. |  |  |  |\n| • | Evaluate the appro | priateness of accounti | ng policies | used and the re | asonableness of |\n|  | accounting estimat | es and related disclosur | es made by t | he Board of Dir | ectors. |\n| • | Conclude on the a | ppropriateness of the B | oard of Dire | ctors’ use of th | e going concern |\n|  | basis of accountin | g and, based on the a | udit evidenc | e obtained, wh | ether a rnaterial |\n|  | uncertainty exists r | elated to events or con | ditions that m | ay cast significa | nt doubt on the |\n|  | Bank’s ability to | continue as a going | concern. If | we conclude | that a material |\n|  | uncertainty exists, | we are required to dr | aw attention | in our auditor | ’s report to the |\n|  | related disclosures | in the Statement or, if | such disclos | ures are inadeq | uate, to modify |\n|  | our opinion. Our co | nclusions are based o | n the audit e | vidence obtaine | d up to the date |\n|  | of our auditors’ rep | ort. However, future e | vents or con | ditions may ca | use the Bank to |\n|  | cease to contInue as | a gorng concern. |  |  |  |\n|  | Evaluate the overall | presentation, structure | and content | of the Statemen | t, including the |\n|  | disclosures, and w | hether the Statement | represent th | e underlying tr | ansactions and |\n|  | events in a manner t | hat achieves fair prese | ntation. |  |  |\n| Ma | teriality is the mag | nitude of misstatemen | ts in the Sta | tement that, ind | ividually or in |\n| gg | regate, makes it pro | bable that the econom | ic decisions | of a reasonably | knowledgeable |\n| se | r of the Statement | may be influenced. | We conside | r quantitative | materiality and |\n| ua | litative factors in (i) | planning the scope of | our audit wo | rk and in evalua | ting the results |\n| f | our work; and (ii) | to evaluate the effe | ct of any id | entified missta | tements in the |\n| tat | ement . |  |  |  |  |\n| e | communicate with | those charged with go | vernance re | garding, among | other matters9 |\n| e | planned scope and t | iming of the audit an | d significan | t audit findings, | including any |\n| l | ificant deficiencies i | n internal controls that | we identify | during our audit | . |", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "9.\nMateriality is the magnitude of misstatements in the Statement that, individually or in\naggregate, makes it probable that the economic decisions of a reasonably knowledgeable\nuser of the Statement may be influenced. We consider quantitative materiality and\nqualitative factors in (i) planning the scope of our audit work and in evaluating the results\nof our work; and (ii) to evaluate the effect of any identified misstatements in the\nStatement .", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "de27d356f914e667", "content": "[TABLE] Company: KVB | Year: FY2025 | Section: [JS::]};u;o2259 eMO IN 73116\naFt R XJHd08 Z | Page: 5\n\n| 1. We also provid | e those | charged w | ith | governance w | ith a statemen | t that we have | complied |\n|---|---|---|---|---|---|---|---|\n| with relevant e | thical re | quirement | s re | garding indepe | ndence and to | communicate | with them |\n| all relationshi | ps and | other mat | ters | that may re | asonably be t | hought to be | ar on our |\n| independence, | and whe | re applicab | le, | related safegu | ards. |  |  |\n| ther Matters |  |  |  |  |  |  |  |\n| 2. We report that | the figu | res for the | qu | arter ended M | arch 31, 2025 | represent the | balancing |\n| figure between | the aud | ited figure | s in | respect of the | financial yea | r ended March | 3 1, 2025 |\n| and the publish | ed unau | dited year- | to-d | ate figures up | to December | 3 1, 2024, bein | g the date |\n| of the end of t | he third | quarter of | the | current financ | ial year, prep | ared in accord | ance with |\n| the Accountin | g stand | ard 25 ’'T | nter | im Financial | Reporting’', w | hich was su | bjected to |\n| limited review | by us, a | s required u | nd | er Listing Reg | ulations. |  |  |\n| . The audit of qu | arterly/ | annual fina | nci | al results for t | he quarter end | ed March 31, | 2024, and |\n| the year ended | March | 31, 2024 | , in | cluded in the | financial res | ults was carrie | d out by |\n| predecessor au | ditors, w | ho have | expr | essed unmod | ified opinion | vide audit rep | ort dated |\n| May 13, 2024, | on those | financial r | esul | ts. |  |  |  |\n| . These financia | l result | s incorpor | ate | the relevant | returns of 9 | 71 branches | including |\n| processing cen | tres aud | ited by th | e ot | her auditors | specially app | ointed for this | purpose. |\n| These branches | audited | by other a | udit | ors cover 77.1 | 9 % of advanc | es, 82.86 % of | deposits |\n| and 66.08 % of | non-pe | rforming a | sset | s as on 31 Ma | rch 2025 and | 82.07 % of re | venue for |\n| the year ended | March | 31, 2025. | The | financial sta | tements and re | levant returns | of these |\n| branches includi | ng proc | essing cen | tres | have been au | dited by the B | ank's Statutor | y Branch |\n| Auditors whose | reports | have been | fur | nished to us | by the Manag | ement of the | Bark and |\n| our opinion in s | o far a | s it relates | to t | he amounts a | nd disclosure | s included in r | espect of |\n| branches includi | ng pro | cessing ce | ntre | s, is based s | olely on the r | eports of suc | h branch |\n| auditors. |  |  |  |  |  |  |  |\n| r opinion is not m | odified | in respect | of t | he above matt | ers. |  |  |\n| Kalyaniwalla & | Mistry | LLP |  |  | Var | ma & Varrna |  |\n| Chartered Accou | ntants |  |  |  | Char | tered Account | ants |\n| Firm Regn. No. 1 | 04607 | W/Wloo 166 |  |  | Firm | Regn. No. 004 | 532S |\n| nil A. Kulkarni |  |  |  |  | Vive | k Krishna Gov | ind |\n| artner |  |  |  |  | Partn | er |  |\n| embership No. | 0475 |  |  |  | Mem | bership No. 20 | 8259 |\n| ate: May 19, 202 | 5 |  |  |  | Date: | May 19, 2025 |  |\n| lace: Karur |  |  |  |  |  |  |  |\n| DIN, asc>hIs | +6 aF | t R XJHd0 | 8 Z |  | [JS: | :]};u;o225 | 9 eMO I |", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "[JS::]};u;o2259 eMO IN 73116\naFt R XJHd08 Z", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "789ced48ca396ad3", "content": "[TABLE] Company: KVB | Year: FY2025 | Section: 11. Tax expense\n12. Net profit from ordinary activiti€\nafter tax (10-11)\n13. Extraordinary items (net of tax\nexpense)\n14. Net profit for the period (12-13]\n15. Paid-up equity share capital (FV Rs.2/-\nper share)\n16. Reserves excluding revaluation\nreserve\nr\nGq | Page: 6\n\n| Classification I PU | BLIC |  |  |  | I W | =::: r | == Y::y 11111: |\n|---|---|---|---|---|---|---|---|\n| AU | DITED FINA | NCIAL RESULTS FOR T | HE QUARTER | /YEAR ENDE | D 31ST MARC | H 2025 |  |\n|  |  |  |  |  |  | ( | Rs. in lakh) |\n|  | Particulars |  | Quar | ter ended |  | Year end | ed |\n|  |  | 3 r |  |  | 3 Audited | Audite | d |\n| 1. Interest earn | ed (a+b+c+ | d) | 5 |  | 218705 | 9 |  |\n| a) Interest / dis b) Income on in | count on ad vestments | vances / bills | 0 4 |  | 182488 35365 | 8 1 |  |\n| c) Interest on ba of India & other d) Other interes | lances with interbank f t | Reserve Bank unds | 982 426 | 232 547 | 364 488 | 2012 2780 | 2205 905 |\n| 2. Other income |  |  | 50933 | 46482 | 62637 | 182955 | 164947 |\n| 3. Total income | (1+2) |  | 302526 | 295344 | 281342 | 1150759 | 986263 |\n| 4. Interest expen | ded |  | 142667 | 140722 | 118911 | 541812 | 439474 |\n| 5. Operating exp | enses (i+ii) |  | 76362 | 73095 | 75740 | 287714 | 263875 |\n| (i) Employees | cost |  | 38493 | 37382 | 43975 | 144921 | 146103 |\n| We oper 6. Total expendit provisions and c 7. Operating pro | ating expen ure (exclud ontingencie fit | ses ing s) (4+5) | 37869 219029 | 35713 213817 | 31765 194651 | 142793 829526 1 | 117772 703349 |\n| before provisions 8. Provisions (oth contingencies 9. Exceptional ite 10. Profit from o | and contin er than tax ms rdinary acti | gencies (3-6) ) and vities before | 83497 16140 67357 | 81527 14744 66783 | 86691 29341 57350 | 321233 62160 259073 | 282914 72895 210019 |\n| tax (7-8-9) 11. Tax expense 12. Net profit fro | m ordinary | activiti€ | 16021 51336 | 17180 49603 | 11740 | 64909 | 49538 |\n| after tax (10-11) 13. Extraordinary | items (net | of tax |  |  | 45610 | 194164 | 160481 |\n| expense) |  |  |  |  |  |  |  |\n| 14. Net profit for 15. Paid-up equity per share) | the period share capi | (12-13] tal (FV Rs.2/- | 51336 16102 | 49603 16100 | 45610 16088 | 194164 16102 | 160481 16088 |\n| 16. Reserves excl reserve r | uding revalu | ation |  |  | 1 | 176852 | 987920 |\n| q D II a ab db | :LA | -a |  |  | THE KARUR Finance & Control Registered & Cen | VYSYAB ANK Department tral Office, No.20, | LIMITED Erode Road, |", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "11. Tax expense\n12. Net profit from ordinary activiti€\nafter tax (10-11)\n13. Extraordinary items (net of tax\nexpense)\n14. Net profit for the period (12-13]\n15. Paid-up equity share capital (FV Rs.2/-\nper share)\n16. Reserves excluding revaluation\nreserve\nr\nGq", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ec2b13cfcbc46931", "content": "[TABLE] Company: KVB | Year: FY2025 | Section: BiI\n9HL+ | Page: 7\n\n|  |  |  |  |  |  | Karur | Vysya |\n|---|---|---|---|---|---|---|---|\n|  |  |  |  |  |  | Smart ' | ,) t, ,„ |\n|  |  |  |  |  |  | ( | Rs. in lakh) |\n|  | Particulars | 0 | Quarte | r ended 2 |  | Year end 3 | ed |\n| (i) % of shares | held by Gov | r ernme |  | c |  | Audite | d |\n| India |  |  | 18.17 | 15.91 | 16.6 | 7 18.17 | 16.67 |\n| W Capital ade (iii) Earnings pe a) Basic EPS extraordinary i | quacy ratio - r share (EPS) before and a tems | Basel II 1 (Rs.) fter | 6.38 | 6.16 | 5.6 | 7 24.13 | 19.99 |\n| b) Diluted E extraordinary it (iv) NPA ratios | PS before and ems | after | 6.37 | 6.16 | 5.6 | 7 24.12 | 19.97 |\n| a) Gross NPA |  |  | 64180 6 16621 1 | 9092 6669 | 104164 29797 | 64180 16621 | 104164 29797 |\n| b) Net NPA c) % of Gross | NPA |  | 0.76 | 0.83 | 1.40 | 0.76 | 1.40 |\n| d) % of Net N | PA |  | 0.20 1.73 | 0.20 1.74 | 0.40 1.76 | 0.20 1.72 | 0.40 1.63 |\n| (v) Return on as 18. Net worth2 | set (annualis | ed) (%) | 1164488 113 | 1433 | 980282 | 1164488 | 980282 |\n| 19. Paid up deb debt3 | t capital/ Out | standing |  |  |  |  |  |\n| (%) 20. Debt/equity | ratio4 |  | 0.06 | 0.06 | 0.07 | 0.06 | 0.07 |\n| O 1 – EPS not annu 2 – Net worth is c | alised for the q alculated as pe | uarter. r guidelines given un | 1.02 der RBI Master Circ | 1.34 ular on Exp | 2.35 osure Nor | 1.02 ms. | 2.35 |\n| 3 – Outstanding d of more than one 4 – Equity represe | ebt / Total deb year. nts total of sha | ts represent total bor re capital and free re | rowings of the Bank serves less propose | . Debt repre d dividend. | sents bor | rowings with residual | maturity |\n| 5 – Total assets as q SY4 eCO BR | per Balance S | heet. |  |  |  |  |  |\n| B CnO iI 9HL+ |  |  |  |  |  |  |  |\n|  |  |  |  |  | THE KA Finance & Registere Vadivel Na (D : (0432 | RUR VYSYAB ANK Control Department d & Central Office, No.20, gar, L.N.S. KARUF3 - 639 4)269326,269340 | LIMITED Erode Road, 002. Tamil N |", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "BiI\n9HL+", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "9830f5d2d7435872", "content": "[TABLE] Company: KVB | Year: FY2025 | Section: Classification I PUBLIC\nKarur Vysya Bank > 1. Treasury\n6Ty;\nbiT teD\nJ\n;\nC.O\nal\na\n)\nal\n34L + | Page: 8\n\n|  |  |  |  |  | Smart c | ody to b |\n|---|---|---|---|---|---|---|\n| SEGMENT REPORTING | FOR THE QUAR | TE | R/YEAR END | ED 31ST MARCH | 2025 |  |\n|  |  |  |  |  |  | (Rs. in lakh) |\n| Business Segments | Q 3 | uar | ter ended 2 | 3 | Year end | ed |\n| Segment revenue 1. Treasury | t 45553 |  | I 45157 | 58120 | Audite 174500 | d 167984 |\n| ?. Corporate/Wholesale banking 3. Retail banking | 53940 196491 |  | 52437 193792 | 47382 170902 | 205470 753218 | 174149 633516 |\n| a) Digital Banking ) | 2 196489 |  | 1 193791 | 1 170901 | 6 753212 | 1 633515 |\n| 4. Other banking operations Total | 6542 302526 |  | 3958 295344 | 4938 281342 | 17571 1150759 | 10614 986263 |\n| Segment results |  |  |  |  |  |  |\n| 1. Treasury | 10289 |  | 10267 | 27861 | 40186 | 58446 |\n| Uorporate/Wholesale banking | 17037 59837 |  | 16407 60657 | 13617 49465 | 65298 236876 | 52426 193840 |\n| Wetail banking a) Digital Banking b) Other Retail Banking | (8) 59845 |  | (9) 60666 | (12) 49477 | (39) 236915 | (41) 193881 |\n| 4. Other banking operations Total | 5050 92213 8716 |  | 3067 90398 8871 | 3716 94659 7968 | 13595 355955 34722 | 7978 312690 29776 |\n| Less: Unallocated income/expenses Operating profit Tax expense | 83497 16021 16140 |  | 81527 17180 | 86691 11740 | 321233 64909 62160 | 282914 49538 72895 |\n| Other provisions Net profit from ordinary activities Extraordinary items | 51336 51336 |  | 14744 49603 49603 | 29341 45610 45610 | 194164 194164 | 160481 160481 |\n| Net profit Segment assets |  |  |  |  |  |  |\n| 1. Treasury 2. Corporate/Wholesale banking | 2711385 1721605 | 25 17 | 59353 36433 | 2311896 1570542 | 2711385 1721605 | 2311896 1570542 |\n| 3. Retail banking a) Digital Banking | 6811768 2 6811766 | 66 66 | 21316 2 213 14 | 5904038 2 5904036 | 6811768 2 6811766 | 5904038 2 5904036 |\n| b) Other Retail Banking 4. Other banking operations |  |  |  |  |  |  |\n| 5. Unallocated | 691984 11936742 1 | 7 16 | 20225 37327 | 758850 10545326 | 691984 11936742 | 758850 10545326 |\n| Total segment assets Segment liabilities |  |  |  |  | 2442639 | 2 146674 |\n| 1. Treasury 6Ty; JbiT teD al a; ) C.O al 34L + | 2442639 1 | 23 | 51763 1 | 2146674 THE KARUR Finance & Control Registered & Cent | V YSYAB ANK Department ral Office, No.20, | LIMITED Erode Road, |", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "Classification I PUBLIC\nKarur Vysya Bank", "subsection": "1. Treasury\n6Ty;\nbiT teD\nJ\n;\nC.O\nal\na\n)\nal\n34L +", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d206be7de6a14a69", "content": "[TABLE] Company: KVB | Year: FY2025 | Section: Classification I PUBLIC\nI W :/Ir;JrY:=B:IS > Quarter ended\n3 \n2\nBusiness Segments | Page: 9\n\n| lassification | I P | UBLIC |  |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|---|\n|  |  |  |  |  |  | I W |  | :/Ir; | JrY: |\n|  |  |  |  |  |  |  |  |  | (Rs. in lakh) |\n|  | Bus | iness Seg | 3 ments | Q | uarter ended 2 | 3 |  | Year end | ed |\n| 2. Corpora | te/ | Wholesale | banking | t 1548746 | c 1558060 | 1410172 |  | Audite 1548746 | d 1410172 |\n| 3. Retail ba | nki | ng |  | 6129468 | 5941930 | 5302589 |  | 6129468 | 5302589 |\n| a) Digi | tal | Banking |  | 6129468 | 5941930 | 5302589 |  | 6129468 | 5302589 |\n| b) Oth 4. Other ba | er R nki | etail Ban ng operati | king ons |  |  |  |  |  |  |\n| 5. Unalloca | ted |  |  | 622934 | 646406 | 681882 |  | 622934 | 681882 |\n|  | Tot | al (a) |  | 10743787 | 10498159 | 9541317 | 1 | 0743787 | 9541317 |\n| Capital em 1. Treasury | plo | yed (Segm | ent assets - Segmen | t liabilities) 268746 | 207590 | 165222 |  | 268746 | 165222 |\n| 2. Corporat 3. Retail ba | e/W nkin | holesale g | banking | 172859 682300 | 178373 679386 | 160370 601449 |  | 172859 682300 | 160370 601449 |\n| a) Digit | al B | anking |  | 2 682298 | 2 679384 | 2 601447 |  | 2 682298 | 2 601447 |\n| b) Oth 4. Other ba | er R nkin | etail Bank g operati | ing ons |  |  |  |  |  |  |\n| 5. Unalloca | ted |  |  | 69050 | 73819 | 76968 |  | 69050 | 76968 |\n|  | Tot | al (b) |  | 1192955 | 1139168 | 1004009 |  | 1192955 | 1004009 |\n| Total segm | ent | liabilities | (a+b) | 11936742 | 11637327 1 | 0545326 | 1 | 1936742 | 10545326 |\n| For the ab | ove | segment | reporting, the repor | table segmen | ts are identified | into Treasury, | C | orporate/Wh | olesale |\n| banking, R | etail | banking ( | Digital Banking & Ot | her Retail Ban | king) and other b | anking operatio | ns | in complian | ce with |\n| RBI guidelin | es. | The Bank | operates only in Indi | a. |  |  |  |  |  |\n| Digital Ban | king | Segmen | t is a sub-segment of | Retail Bankin | g Segment unde | r Accounting St | an | dard 17 – S | egment |\n| Reporting a | nd | segment | information disclose | d above is rel | ated to the said | DBU for the qu | art | er/year e'l | ded 31't |\n| March 2025 | . |  |  |  |  |  |  |  |  |\n| , StA La : ) i. C \\) | X |  |  |  |  |  |  |  |  |\n| LL) dr F '/.')' + | '\\ |  |  |  |  |  |  |  |  |\n|  |  |  |  |  |  | THEK ARURV Finance & Control Registered & Cent Vadivel Nagar, L.N rE : (04324)26932 E.mail fcd@kvbm | Y De ral .S. 6,2 ail. | SYAB ANK partment Office, No.20, E KARUF3 - 639 0 69340 com | LIMITED rode Road, 02. Tamil Nadu |", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 9, "section": "Classification I PUBLIC\nI W :/Ir;JrY:=B:IS", "subsection": "Quarter ended\n3 \n2\nBusiness Segments", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "e16e96314ae45370", "content": "[TABLE] Company: KVB | Year: FY2025 | Section: GsR ,P\n(,\nyI\nFCD\nle\nII • | Page: 10\n\n|  |  |  |  | Karur | Vysya |\n|---|---|---|---|---|---|\n|  |  |  |  | Smart | w dy to |\n|  |  | STATEMENT OF ASSETS AND LIABILITIE | S |  |  |\n|  |  |  | As on | 31.03.2025 As on | (Rs. in lakh) 31.03.2024 |\n|  |  | Particulars | (A | udited) (A | udited) |\n| Capital & l | iabilities |  |  |  |  |\n| Capital |  |  |  | 16102 | 16088 |\n| Reserves a | nd surplus |  |  | 1176852 10207799 | 987920 8911272 |\n| We Borrowings |  |  |  | 121698 | 247835 |\n| 1 bil | ities and provisio | ns |  | 414291 | 382211 |\n| Total |  |  |  | 11936742 | 10545326 |\n| Assets |  |  |  |  |  |\n| Cash & bala | nces with Reser | ve Bank of India |  | 735419 | 558793 |\n| a |  | y at call and short notice |  | 45253 | 7064 |\n| Investments |  |  |  | 2383125 | 2234352 |\n| Advances |  |  |  | 8400454 | 7366748 |\n| Fixed assets Other asset | s |  |  | 49017 323474 | 43288 335081 |\n| Total |  |  |  | 11936742 | 10545326 |\n|  |  | CASH FLOW STATEMENT |  |  |  |\n|  |  |  |  | ( | Rs. in /ak/IJ |\n|  |  |  |  | Year ended Y | ear ended |\n|  |  | Particulars |  | 31-03-2025 3 | 1-03-2024 |\n|  |  |  |  | (Audited) ( | Audited) |\n| {ash flow fro | m/(used in) op | erating activities |  |  |  |\n| Net Profit as | per Profit and L | oss account |  | 194164 | 160481 |\n| Adjustments | for |  |  | 11373 | 10026 |\n| e Interest paid | on Bank’s prop on TIER II bonds | erty |  | 11785 | 5501 10842 |\n| r o Provision for Provision for | r other continge taxes depreciation on | ncies investment |  | 64909 | 49538 |\n| Provision for | standard assets |  |  | 3995 | (25461) 4474 |\n| Provision for | bad and doubtfu | l debts |  | 44040 | 42766 |\n| Ur vision for | non performing | investments |  | 2340 | 148 13 |\n| provision for | compensation a | bsences |  | 3130 | 7264 |\n| Provision for | medical leave |  |  | 1124 |  |\n| GsR (, ,PyI FCD le I ,I }• C'' /-J \\q Sv. '1 + |  |  | THE Financ Registe | KARUR VYSYAB AN e & Control Department red & Central Office, No.2 | K LIMITED 0, Erode Road, |", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "GsR ,P\n(,\nyI\nFCD\nle\nII •", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "06067032cccd334f", "content": "[TABLE] Company: KVB | Year: FY2025 | Section: 214815\n565857\n780672\n(n\\\na\neCO\n::\n'A\nend\nbb | Page: 11\n\n|  |  |  | Smar | t aT to 'tv |\n|---|---|---|---|---|\n|  |  |  |  | (Rs. in lakh) |\n|  |  |  | Year ended | Year ended |\n|  | Particu | lars | 31-03-2025 (Audited) | 31-03-2024 (Audited) |\n| o Wsion for employee | paid on Held s stock option p | to Maturity (HTM) investments / lan scheme | 8528 275 | 10362 341 |\n| Wt) /Loss on sale of | fixed assets (n | et) | (306) | (783) |\n| Wating profit before | working capita | l changes | 345357 | 290164 |\n| Wlstments for workin | g capital chang | es |  |  |\n| r Decrease in (Increase) / Decrease in | investments (e advances | xcluding HTM investments) | 52251 | (232613) |\n| (Increase) / Decrease in | other assets |  | (1077642) 8812 | ( 1095896) (40565) |\n| Increase / (Decrease) in | deposits |  | 1296526 | 1247514 |\n| r (Decrease) in | borrowings |  | (126137) | 153333 |\n| Increase / (Decrease) in | other liabilities | and provisions | 1039 | 18969 |\n| Direct taxes paid |  |  | 500206 | 340906 |\n| Net cash flow (from)/ u | sed in operating | activities | (51500) 448706 | (45500) 295406 |\n| a from investing Purchase of fixed assets | activities |  |  |  |\n| (Increase)/Decrease in H | TM investment | s | (17163) (198283) | (9810) (120621) |\n| Sale of fixed assets / othe rom / (u | r assets sed in) investing | activities | 366 | 783 |\n| Cash flow from financing | activities |  | W2 | ml |\n| froceeds from share cap | ital |  |  | 46 |\n| Proceeds from share pre | mium |  |  | 785 |\n| Increase/(Decrease) in tie Interest paid on tier II bo Dividend paid | r II bonds nds |  | (19253) | (48700) (5501) 16044) |\n| e |  |  | W8 | ( W6 |\n| e / (decrease) | in cash & cash | equivalents | 214815 | 96344 |\n| a sh equivalen | ts at the beginn | ing of the year | 565857 | 469513 |\n| Cash and cash equivalen | ts at the end of | the year | 780672 | 56585 |\n| (n \\ a :: eCO 'A bb |  |  |  |  |\n| end Pg, :I + J. f r + |  |  |  |  |\n|  |  | TH Fina Reg Vad @ : | E KARUR VYSYAB AN nce & Control Department istered & Central Office, No.2 ivel Nagar, L.N.S. KARUR - 6 (04324)269326,269340 | K LIMITED 0, Erode Road, 39 002. Tamil N |", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "214815\n565857\n780672\n(n\\\na\neCO\n::\n'A\nend\nbb", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "62d3fec5e10df94d", "content": "[TABLE] Company: KVB | Year: FY2025 | Section: 4D\nBR\n(i | Page: 12\n\n|  |  |  |  |  | K | arur Vysya |\n|---|---|---|---|---|---|---|\n|  |  |  |  |  | S | mart tv i) to |\n| Notes |  |  |  |  |  |  |\n| 1. The abov | e audited financi | al results for the qua | rter/year ended Marc | h 31, 2025 have | been | recommended by |\n| the Audit Co | mmittee of the B | oard and approved b | y the Board of Director | s at the meetin | g held | on May 19, 2025. |\n| The same ha | s been subjected | to audit as per the S | ecurities and Exchang | e Board of India | (Listin | g Obligations and |\n| Disclosure R | equirements) R | egulations, 2015 (as | amended), by the J | oint Statutory | Centr | al Auditors (M/s. |\n| Kalyaniwalla | & Mistry LLP, Ch | artered Accountants | and M/s. Varma & Var | ma, Chartered A | ccoun | tants) of the bank |\n| and have iss | ued an unmodifie | d opinion. |  |  |  |  |\n| The financial | results for the qu | arter and year ended | March 31 2024, were | audited by pre | decess | or Joint Statutory |\n| Central Audi | tors ( M/s. Sun | daram & Srinivasan, | Chartered Accountan | ts and M/s. R. | G.N. P | rice & Company, |\n| Chartered Ac | countants), who | have expressed unm | odified opinion vide au | dit report date | d May | 13,2024 on those |\n| financial resu | lts. |  |  |  |  |  |\n| 2. There has | been no change | in the accounting po | licy except with respe | ct to 'Investme | nts’ to | comply with the |\n| Reserve Ban | k of India Master | Direction on Classif | ication, Valuation and | Operation of I | nvestm | ent Port folio of |\n| Commercial B | anks (Directions) | 2023 dated Septem | ber 12, 2023 ('Master | Direction’) whic | h is eff | ective from April |\n| 01, 2024 rea | d with the frequ | ently asked question | s issued by the Fixed I | ncome Money | Marke | t and Derivatives |\n| Association o | f India ('FIMMDA | ’). |  |  |  |  |\n| Accordingly, t | he investment of | the Bank as at April 0 | 1, 2024 have been recl | assified, where | ver req | uired and valued |\n| in accordance | with the require | ment of said Master | Direction and transition | al adjustment o | n acc | ount of 'Available |\n| For Sale’ (AFS | ) portfolio and ot | her securities has bee | n adjusted in AFS rese | rve and opening | Gene | ral reserve to the |\n| extent of Rs. | 2300.60 lakhs an | d Rs.26097.86 lakh | s (which includes rev | ersal of provisi | on for | depreciation of |\n| Rs.5805.86 la | khs and transfer | of Investment Reser | ve of Rs.20292.00 lak | hs) respectively | . Thu | s, corresponding |\n| quarter and y | ear ended figures | in respect of March | 31, 2024 are not com | parable. The im | pact o | n account of this |\n| change in the | accounting polic | y is not material for t | he quarter and year en | ded March 31, | 2025. |  |\n| All investmen | ts purchased an | d sold during the cu | rrent quarter and yea | r ended March | 31, 2 | 025 are done in |\n| compliance wi | th the requireme | nts of the master dire | ction & revised accoun | ting policy. In c | omplia | nce with Master |\n| Directions, th | e valuation gains | and losses for the q | uarter and year ended | March 31, 202 | 5 acros | s all performing |\n| investment h | eld under AFS is | aggregated and the | net gain amounting | to Rs.2158.05 | lakhs | (net of tax) and |\n| Rs.5502.28 lak | hs (net of tax) f | or the quarter and y | ear ended March 31, | 2025, respecti | vely, h | as been directly |\n| credited to AF | S Reserve. The s | ecurities held in Fair | Value through Profit | and Loss ('FVTP | L’) an | d Held for Trade |\n| ('HFT’) are fair | valued and valu | ation losses (net) for | the quarter and year | ended March 3 | 1, 202 | 5 amounting to |\n| Rs.49.64 lakhs | and Rs.501.56 la | khs respectively, ari | sing on such valuation | have been cha | rged t | o the Profit and |\n| Loss |  |  |  |  |  |  |\n| 3. The financia | l results are prep | ared after consideri | ng provisions for non- | performing adv | ances, | non-performing |\n| investments, s | tandard advanc | es (including stresse | d advances/sectors), | restructured ad | vance | s, exposures to |\n| entities with u | nhedged foreign | currency exposure, i | ncome tax (including li | tigated taxes as | applic | able) and other |\n| necessary prov | ISIons. |  |  |  |  |  |\n| 4. Other incom | e includes fees | earned from providin | g services to custome | rs, commission | from | non-fund based |\n| banking activit | ies, earnings fro | m foreign exchange | transactions, selling th | ird party prod | ucts, p | rofit on sale of |\n| investments (n | et), recoveries in | written off accounts, | profit on bullion busi | ness etc. |  |  |\n| 4D (i C.O O gH L+ | BR A NJ |  |  | THE KARUR Finance & Contr Registered & Ce Vadivel Nagar, L. | VYSY ol Depar ntral Offi N.S. KAR | AB ANK LIMITE tment ce, No.20, Erode Road UF3 - 639 002. Tamil |", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "4D\nBR\n(i", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "da5c2e61cad8fb8c", "content": "[TABLE] Company: KVB | Year: FY2025 | Section: S\nA\n/(b>A\\\n!! | Page: 13\n\n|  |  |  |  |  |  |  |  | Karur Vy | sya |\n|---|---|---|---|---|---|---|---|---|---|\n|  |  |  |  |  |  |  |  | Smart 'tv | aT t |\n| 5. During t | he quarter and | year ended March | 31, 2025 t | he Bank | has allott | ed | 116895 equ | ity shares and 6 | 80540 |\n| equity shar | es respectively | (corresponding qua | rter and pr | evious y | ear 5,77,1 | 86 | equity share | s and 23,23,535 | equity |\n| shares resp | ectively) of fac | e value Rs. 2/- each, | pursuant t | o the ex | ercise of st | oc | k options by | employees. In a | ddition |\n| during the | current year 6 | 1019 equity shares | of face val | ue of Rs | .2/- each | ha | ve been allo | tted under 2017 | rights |\n| issue and 6 | 102 equity sha | res of face value Rs. | 2/- each a | llotted u | nder bonu | s | shares of 20 | 18 which were k | ept on |\n| abeyance. |  |  |  |  |  |  |  |  |  |\n| 6. Details o | f disclosure on | resolution plan im | plemented | under t | he Resolu | tio | n Framewor | k for COVID-19 r | elated |\n| stress as pe | r RBI Circular D | C)R.No.BP.BC/3/21. | 04.048/202 | 0-21 da | ted 6th Aug | us | t 2020 (Res | olution Framewo | rk 1.0) |\n| and as per | RBI circular D | OR.STR.REC.11/21. | 04.048/202 | 1-22 dat | ed 5th Ma | y | 2021 (Reso | lution Framewo | rk 2.0) |\n| \"Covid-19 R | elated Stress o | f Individuals and Sm | all busines | ses\" are | given belo | w: |  |  |  |\n|  |  | Exposure to accoun classified as Standar consequent to implementation of | ts Of ( d aggre debt slipp | A), gate that ed | Of (A), amount written off | p | Of (A), amount aid by the | (Rs. i Exposure to accounts classifi as Standard consequent to | n lakh) ed |\n| Type Perso Corpor | of borrower nal Loans ate | resolution plan outstanding as at 30.09.2024 A 3066 1151 | into during half-y 1 3 | NPA the t ear | during he half- year | b d h | orrowers uring the alf-year1 | implementation resolution plan outstanding as 31.03.2025 E 267 102 | of at 02 37 |\n| person Of whi | s # ch MSMEs |  |  |  |  |  |  |  |  |\n| Others |  |  |  |  |  |  |  | 11 | 70 |\n| Total |  |  |  |  |  |  |  | 381 | 09 |\n| *As defi | ned in Section | 3(7) of the Insolvenc | y and Ban | kruptcy | Code, 201 | 6 |  |  |  |\n| Represents | Net Movemen | t in Balances |  |  |  |  |  |  |  |\n| . Disclosure | as per RBI Circ | ular DOR.STR.REC | .51/21.04.0 | 48/2021 | -22 dated | Se | ptember 24, | 2021 (updated | as on |\n| ecember 0 | 5, 2022 and D | ecember 28, 2023) | in respect | of loan | s not in de | fa | ult / stress | ed loans transfer | red / |\n| cquired duri | ng the quarte | r/year ended March | 31, 2025 : |  |  |  |  |  |  |\n| a) Loan | s not in defaul | t acquired through a | ssignment |  |  |  |  |  |  |\n|  |  |  |  |  |  |  |  | (Rs. in | lakh) |\n|  |  |  | Quarter en | ded 31“ | March 20 | 25 |  | lded 31“ M :h | 2025 |\n|  | Particu Ia rs |  | A SCBs, RRBs | cquired , UCBs, | from StCBs |  | SCBs, StCBs, | Acquired from RRBs, UCBs DCCBs, AIFls |  |\n|  |  |  | DCCBs, AI NBFCs ( | Fls, SFB incl. HFC | s and s) |  | SFBs i | and NBFCs ncl. HFCs | ARCs |\n| IO | ST; |  |  |  |  |  |  |  |  |\n|  | S A | / ! | (b>A ! | \\ |  | T Fi Re Va @ | HE KARUR nance & Control gistered & Cent divel Nagar, L.N : (04324)26932 | V YSYAB ANK L Department ral Office, No.20, Ero .S. KARUF3 - 639 00 6,269340 | IMITE de Roa 2. Tamil |", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "S\nA\n/(b>A\\\n!!", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "537adb9fbed26426", "content": "[TABLE] Company: KVB | Year: FY2025 | Section: +\n+\n19\n191\n\\pI\nkg} | Page: 14\n\n| Aggregate | principal outsta | nding of loans |  |  |  |  |\n|---|---|---|---|---|---|---|\n| acquired Aggregate Weighted | consideration p average residua | aid l tenor of loans | Ranging bet | 16578 14920 ween 96.22 | Rang 96.2 | 16578 14920 ing between 2 to 136.58 |\n| acquired Coverage o Retention o | f tangible secur f beneficial eco | R ity nomic interest | to 13 anging betwe | 6.58 months en 252% to 333% | Rang 25 | months ing between 2% to 333% |\n| by the tran | sferor |  |  |  |  |  |\n| Rating wise | distribution of | loans acquired | Not | Applicable* | Not | Applicable* |\n| b) Loan | s classified as N | PAs and SMA transfe | rred |  |  |  |\n|  |  |  |  |  |  | (Rs. in lakhs |\n|  |  | Quarter | ended 31“ M Transferred t | arch 2025 o | Year ended 3 Transf | 1“ March 20 erred to |\n| No. of acco Aggregate p | Particulars unts rincipal outstan | , =R T ding | ier-litted transferees | TIth,rs | =R :T$errTj transf 1 5331 | ittedTlth e rees |\n| of loans tran Weighted a of the loans Net book va | sferred verage residual transferred lue of loans | tenor |  |  | 0 |  |\n| transferred | (at the time of |  |  |  | 0 |  |\n| transfer) |  |  |  |  | 601 |  |\n| Aggregate c Additional c | onsideration onsideration re | alized |  |  |  |  |\n| in respect of | accounts trans | ferred |  |  | 0 |  |\n| in earlier ye | ars |  |  |  |  |  |\n| Excess provi P&l a/c. on | sion reversed to account of sale | the of |  |  | 601 |  |\n| NPA |  |  |  |  |  |  |\n| c) The B | ank has neither | transferred any stre | ssed (SMA) l | oans and loan | s not in default du | ring FY 2024 |\n| nor h | as acquired any | stressed loans / loan | s classified a | s NPA during | the financial year | 2024-25 (als |\n| during | previous year) | . |  |  |  |  |\n| d) Recove | ry Ratings assig | ned to outstanding S | Rs as on Mar | ch 31, 2025 b | y Credit Rating Ag | encies: |\n|  |  |  |  | (Rs | . in lakhs) |  |\n|  |  |  |  | Book Valu | e |  |\n|  |  | RRl+ |  |  |  |  |\n|  |  | RR2 |  |  |  |  |\n| 4 |  | + 191 | M 19 + \\p | I | THE KARURV Y Finance & Control De Registered & Central Vadivel Nagar, L.N.S. © : (04324)269326,2 | SYAB ANK partment Office, No.20, E KARUR - 639 0 69340 |", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "+\n+\n19\n191\n\\pI\nkg}", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "7d349b6fc4c7cbc7", "content": "[TABLE] Company: KVB | Year: FY2025 | Section: f,.::...j3j 4 | Page: 15\n\n|  |  |  |  |  | Karur Vysya |\n|---|---|---|---|---|---|\n|  |  |  |  |  | Smart a) to 'tv |\n|  | RR3 RR5 |  |  |  |  |\n| Unrated* (R T | ating Wit otal | hdrawn) | 2497 2497 | 0 0 |  |\n| *As per RBI guideline, rating is not | applica | ble after 8 yea | rs |  |  |\n| 8. Provision Coverage Ratio as on | March | 31, 2025, cal | culated as per RB | I guideli | nes is 96.81% (94.85% for the |\n| corresponding period of previous | year). |  |  |  |  |\n| 9. The Board of Directors have rec | ommen | ded a dividend | of 130% i.e. Rs.2 | .60 per | equity share of Rs. 2.00 each |\n| for the year ended 31“ March 2 | 025 (pre | vious year 12 | 0% i.e. Rs.2.40 per | share) | subject to the approval of the |\n| shareholders at the ensuing Annu | al Gener | al Meeting. E | ffect of proposed | dividen | d has been reckoned in capital |\n| adequacy ratio computation. |  |  |  |  |  |\n| 10. In accordance with RBI circular RBI circular DBR.No.BP.BC.1/21 | DOR.C .06.201/ | AP.REC.4/21.0 2015-16d ated | 6.201/2024-25 da July 01, 2015, | ted Apri Banks a | l 01, 2024, read together with re required to make Pillar |\n| disclosures under Basel III capital r | egulatio | ns. According | ly, Pillar 3 disclos | ures und | 3 er Basel III capital regulations |\n| will be made available on th | e Ban | k’s website | at the following | link | https://www.kvb.co.in/about- |\n| us/disclosures/pillar-Ill-disclosures/, | includi | ng disclosures | in respect of Net | Stable F | unding Ratio (NSFR) as per RBI |\n| circular DC)R.No.LRG.BC.40/21 | .04.098/ | 2020-21d ated | February 05, | 2021 r | ead together with circular |\n| DBR.BP.BC.No.106/ 21.04.098/20 | 17-18 d | ated May 17, | 2018. These disc | losures | have not been subjected to |\n| audit/review by the Joint Statutor | y Central | Auditors. |  |  |  |\n| 11. The bank has filed a writ petit | ion and | obtained an i | nterim stay from | the Ho | n’ble High Court of Madras in |\n| respect of a show cause notice is | sued dur | ing the year/ | quarter ended De | cember | 31, 2024 by the Commercial |\n| Taxes Department, Tamil Nadu, pr | oposing | to levy Goods | and Service Tax ( | GST) and | penalty thereon aggregating |\n| to Rs.253743.26 lakhs for an earlier | year. T | he manageme | nt has been legall | y advise | d that the same is not tenable |\n| as per provisions of GST Act and h | ence doe | s not require | any provision or d | isclosur | e as contingent liability in the |\n| financial results. The above matter | has also | been intimate | d to the Stock Exc | hanges | on December 21, 2024, as per |\n| the requirements of the Listing agr | eement. |  |  |  |  |\n| 12. The Income Tax Department ha | s complet | ed the regula | r assessment und | er Sec. | 143(3) and passed assessment |\n| order pertaining to AY 2023-24, wh | erein th | ere is a deman | d of Rs. 16033 lak | hs on ac | count of certain additions and |\n| disallowances made. The Bank ha | s filed a | n appeal befo | re the Commissio | ner of In | come Tax (Appeals), National |\n| Faceless Appeal Centre. Looking at | the prec | edence/ Orde | rs of appellate au | thorities, | the Bank believes that it has |\n| adequate factual and legal ground | s to rea | sonably subst | antiate its positio | n in th | e matter and considering the |\n| expected relief, the Bank expects th | at the en | tire demand w | ill be set aside. A | s such, t | here is no impact on financial, |\n| operations or other activities of the | Bank. |  |  |  | a |\n| 4 f,.::...j3j |  |  |  |  |  |\n|  |  |  |  | THE K Finance Registe Vadivel (8 : (043 | ARUR VYSYAB ANK LIMITE & Control Department red & Central Office, No.20, Erode Road Nagar, L.N.S. KARUF3 - 639 002. Tamil 24)269326,269340 |", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "f,.::...j3j 4", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "7197b7dbae0725da", "content": "[TABLE] Company: KVB | Year: FY2025 | Section: Classification 1 PUBLIC\nKarur Vysya Bank\nSmart way to bank | Page: 16\n\n|  |  |  | Ka | rur Vysya |\n|---|---|---|---|---|\n|  |  |  | Sm | art way to |\n| 13. The Bank does not have any Subsidiaries/Associates/J | oint ventures as | on March | 31, 2025, h | ence, disclosure |\n| related to Consolidated Financial Statement is not applica | ble at this stage. |  |  |  |\n| 14. Figures for the previous period/s have been re-gro | uped / re-classifi | ed, wher | e necessary | , to make them |\n| comparable with current period figures. The Figures for | the quarter ende | d March | 31, 2025 ar | e the balancing |\n| figures between audited figures in respect of year ended | March 31, 2025 a | nd the pu | blished yea | r to date figures |\n| upto Dec 31, 2024. |  |  |  |  |\n|  | Fo | r a% on | behalf of Bo | ard of Directors |\n| Place : Karur |  |  |  |  |\n| Date : May 2025 |  |  | B | . Ramesh Babu MD & CEO |\n|  |  |  |  | (DIN:06900325) |\n|  |  |  |  | + |\n|  |  |  | €31 |  |\n|  |  | THE KA Finance & Registered Vadivel Na © : (04324 | RUR VYSY Control Depart & Central Offic gar, L.N.S. KARU )269326,26934 | AB ANK LIMITE ment e, No.20, Erode Roa F3 - 639 002. Tamil 0 |", "company": "KVB", "ticker": "KARURVYSYA", "source_file": "KVB.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "Classification 1 PUBLIC\nKarur Vysya Bank\nSmart way to bank", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "b486af948851545a", "content": "National Stock Exchange of India Limited Exchange Plaza, 5th Floor Plot No.C/1, G Block Bandra-Kurla Complex Bandra (E), Mumbai - 400 051 STOCK CODE: LT Dear Sir/Madam, BSE Limited Phiroze Jejeebhoy Towers, Dalal Street, MUMBAI - 400 001 STOCK CODE: 500510 Sub: Outcome of Board Meeting held on October 29. 2025 Further to our letter dated October 15, 2025, and in terms of Regulation 30 and 52 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (“SEBI Listing Regulations”), we wish to inform you that the Board of Directors of the Company at its meeting held today, i.e., October 29, 2025, have approved the Consolidated and Standalone Unaudited Financial Results of the Company, for the Quarter and Half year ended September 30, 2025. We enclose a copy of Consolidated and Standalone Unaudited Financial Results of the Company, for the Quarter and Half year ended September 30, 2025, along with a Press Release related to the same. We also enclose a copy of the “Limited Review Report for the Quarter and Half year ended September 30, 2025” issued by our Statutory Auditors, M/s. M S KA & Associates, Chartered Accountants. The Board meeting commenced at 1.30 p.m. and concluded at 5.00 p.m. Thanking You Yours faithfully, For Larsen & Toubro Limited Subramanian Narayan Company Secretary & Compliance Officer (ACS 16354) Encl. as above Digitally signed by Narayan Subramanian Date: 2025.10.29 17:03:38 +05'30'", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 1, "section": "8 \nLARSEN & TOUBRO", "subsection": "Narayan \nSubramanian", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8ca9a847dc630adb"}, {"chunk_id": "a8cb9e473cd718ec", "content": "Mumbai, October 29, 2025 Larsen & Toubro secured orders worth ₹ 210,237 crore registering y-o-y growth of 39% for the half-year ended September 30, 2025. During the half-year, big-ticket order wins were in Public Spaces, Commercial Buildings, Metro, Hydel & Tunnel, Transmission & Distribution, Renewables, Non-Ferrous Metals, Thermal BTG, and Offshore and Onshore businesses in the Hydrocarbon sector. International orders at ₹ 124,236 crore during the half-year constituted 59% of the total. On a quarterly basis, orders worth ₹ 115,784 crore were received at the Group level during the quarter ended September 30, 2025. The Company registered a y-o-y growth of 45% aided by a strong order momentum across a broad spectrum of businesses. The quarter saw order wins in businesses such as Public Spaces, Data Centres, Commercial Buildings, Metro, Hydel & Tunnel, Transmission & Distribution, Renewables, and both Offshore and Onshore businesses in the Hydrocarbon sector. International orders stood at ₹ 75,561 crore, accounting for 65% of the total order inflow. The consolidated order book of the Group as on September 30, 2025, was at ₹ 667,047 crore, a growth of 15% over March 2025. International orders comprise 49% of the order book. The Company achieved consolidated revenues of ₹ 131,662 crore recording a y-o-y growth of 13% on a half-year basis. International revenues during the half-year at ₹ 71,217 crore constituted 54% of the total revenue.", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 2, "section": "Mumbai, October 29, 2025 \n \nLarsen & Toubro secured orders worth ₹ 210,237 crore registering y-o-y growth of 39% for \nthe half-year ended September 30, 2025. During the half-year, big-ticket order wins were \nin Public Spaces, Commercial Buildings, Metro, Hydel & Tunnel, Transmission & Distribution, \nRenewables, Non-Ferrous Metals, Thermal BTG, and Offshore and Onshore businesses in the \nHydrocarbon sector. International orders at ₹ 124,236 crore during the half-year constituted \n59% of the total. \n \nOn a quarterly basis, orders worth ₹ 115,784 crore were received at the Group level during \nthe quarter ended September 30, 2025. The Company registered a y-o-y growth of 45% aided \nby a strong order momentum across a broad spectrum of businesses. The quarter saw order \nwins in businesses such as Public Spaces, Data Centres, Commercial Buildings, Metro, Hydel \n& Tunnel, Transmission & Distribution, Renewables, and both Offshore and Onshore \nbusinesses in the Hydrocarbon sector. International orders stood at ₹ 75,561 crore, \naccounting for 65% of the total order inflow. \n \nThe consolidated order book of the Group as on September 30, 2025, was at ₹ 667,047 crore, \na growth of 15% over March 2025. International orders comprise 49% of the order book. \n \nThe Company achieved consolidated revenues of ₹ 131,662 crore recording a y-o-y growth \nof 13% on a half-year basis. International revenues during the half-year at ₹ 71,217 crore \nconstituted 54% of the total revenue. \n \nFor the quarter ended September 30, 2025, consolidated revenue at ₹ 67,984 crore \nregistered a y-o-y growth of 10%. International revenues during the quarter were at                 \n₹ 38,223 crore, constituted 56% of the total revenue.", "subsection": "Narayan \nSubramanian", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "560d5af5968c247c"}, {"chunk_id": "a77bb265d4bd1491", "content": "of 13% on a half-year basis. International revenues during the half-year at ₹ 71,217 crore constituted 54% of the total revenue. For the quarter ended September 30, 2025, consolidated revenue at ₹ 67,984 crore registered a y-o-y growth of 10%. International revenues during the quarter were at ₹ 38,223 crore, constituted 56% of the total revenue.", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 2, "section": "Mumbai, October 29, 2025 \n \nLarsen & Toubro secured orders worth ₹ 210,237 crore registering y-o-y growth of 39% for \nthe half-year ended September 30, 2025. During the half-year, big-ticket order wins were \nin Public Spaces, Commercial Buildings, Metro, Hydel & Tunnel, Transmission & Distribution, \nRenewables, Non-Ferrous Metals, Thermal BTG, and Offshore and Onshore businesses in the \nHydrocarbon sector. International orders at ₹ 124,236 crore during the half-year constituted \n59% of the total. \n \nOn a quarterly basis, orders worth ₹ 115,784 crore were received at the Group level during \nthe quarter ended September 30, 2025. The Company registered a y-o-y growth of 45% aided \nby a strong order momentum across a broad spectrum of businesses. The quarter saw order \nwins in businesses such as Public Spaces, Data Centres, Commercial Buildings, Metro, Hydel \n& Tunnel, Transmission & Distribution, Renewables, and both Offshore and Onshore \nbusinesses in the Hydrocarbon sector. International orders stood at ₹ 75,561 crore, \naccounting for 65% of the total order inflow. \n \nThe consolidated order book of the Group as on September 30, 2025, was at ₹ 667,047 crore, \na growth of 15% over March 2025. International orders comprise 49% of the order book. \n \nThe Company achieved consolidated revenues of ₹ 131,662 crore recording a y-o-y growth \nof 13% on a half-year basis. International revenues during the half-year at ₹ 71,217 crore \nconstituted 54% of the total revenue. \n \nFor the quarter ended September 30, 2025, consolidated revenue at ₹ 67,984 crore \nregistered a y-o-y growth of 10%. International revenues during the quarter were at                 \n₹ 38,223 crore, constituted 56% of the total revenue.", "subsection": "Narayan \nSubramanian", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "560d5af5968c247c"}, {"chunk_id": "9f5c39c6c266236b", "content": "The Company, for the half-year ended September 30, 2025, posted a consolidated Profit After Tax of ₹ 7,543 crore, registered a y-o-y growth of 22%. Similarly, for the quarter ended September 30, 2025, consolidated Profit After Tax (PAT) at ₹ 3,926 crore, registering a y-o-y growth of 16%. Commenting on the results, S N Subrahmanyan, Chairman and Managing Director, said: “The Company has reported a well-rounded financial performance across all parameters. Our ability to repeatedly secure large orders, across segments and geographies is a true testimony to the Company’s leadership position in the EPC domain. The consistent execution across a diverse portfolio highlights our strength in effectively navigating local / global challenges. We continue to witness higher capex spends, in both our primary geographies of India and the Middle East, and remain fairly optimistic about order prospects. We reached an in-principle understanding with the Government of Telangana for the divestment of our stake in L&T Metro Rail (Hyderabad) Limited (L&TMRHL). This is in line with our stated objective under Lakshya 2026 to exit the public concessions portfolio. To ensure long-term sustainable growth in a rapidly evolving business environment, efforts are ongoing to streamline and grow the emerging technology-led businesses, so to complement our core businesses in the domains of engineering, construction, manufacturing and project management.", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "The Company, for the half-year ended September 30, 2025, posted a consolidated Profit \nAfter Tax of ₹ 7,543 crore, registered a y-o-y growth of 22%. \n \nSimilarly, for the quarter ended September 30, 2025, consolidated Profit After Tax (PAT) at \n₹ 3,926 crore, registering a y-o-y growth of 16%. \n \nCommenting on the results, S N Subrahmanyan, Chairman and Managing Director, said: \n \n“The Company has reported a well-rounded financial performance across all \nparameters. Our ability to repeatedly secure large orders, across segments and \ngeographies is a true testimony to the Company’s leadership position in the EPC \ndomain. The consistent execution across a diverse portfolio highlights our strength in \neffectively navigating local / global challenges. We continue to witness higher capex \nspends, in both our primary geographies of India and the Middle East, and remain fairly \noptimistic about order prospects. \n \nWe reached an in-principle understanding with the Government of Telangana for the \ndivestment of our stake in L&T Metro Rail (Hyderabad) Limited (L&TMRHL). This is in \nline with our stated objective under Lakshya 2026 to exit the public concessions \nportfolio.  \n \nTo ensure long-term sustainable growth in a rapidly evolving business environment, \nefforts are ongoing to streamline and grow the emerging technology-led businesses, so \nto complement our core businesses in the domains of engineering, construction, \nmanufacturing and project management. Our IT&TS portfolio continues to perform \nwell. Lastly, L&T Finance’s strategy to focus on the retail lending space through \ninnovative products and tech-enabled operations has resulted in improved \nperformance of the company”. \n \nNote: \nThe key parameters of the Group and Segment Performance for the quarter and half-year ended                      \nSeptember 30, 2025, are shown in Annexure 1.  \n \nSegment composition is provided in Annexure 2. \n \nSegment-wise Performance Highlights for the quarter \n \nInfrastructure Projects Segment \n \nThe Infrastructure Projects segment secured order inflow of ₹ 52,686 crore during the \nquarter ended September 30, 2025, registering a growth of 6% over the corresponding \nquarter of the previous year despite the high base effect. International orders constituted \n48% of the total order inflow of the segment during the quarter aided by receipt of major \norders in the Building & Factories, Heavy Civil Infrastructure, Power Transmission & \nDistribution and Renewables businesses. \n \nThe segment order book stood at ₹ 394,706 crore as on September 30, 2025, with the share \nof international orders at 43%.", "subsection": "For the quarter ended September 30, 2025, customer revenues were at ₹ 31,759 crore, \nregistering a y-o-y decline of 1%, primarily due to slower progress in water related projects. \nThe extended monsoon conditions also dampened the revenue growth. International \nrevenues constituted 47% of the total customer revenues of the segment during the quarter. \n \nThe EBITDA margin of the segment during the quarter ended September 30, 2025, was at \n6.3%, compared to 6.0% in the corresponding quarter of the previous year. Margin \nimprovement has been primarily driven by execution efficiency.  \n \nEnergy Projects Segment \n \nThe Energy Projects segment secured orders valued at ₹ 38,156 crore during the quarter \nended September 30, 2025, registering more than 100% growth on y-o-y basis. The growth \nin order inflow was driven by the receipt of ultra-mega orders in both the Onshore and \nOffshore businesses in the Hydrocarbon sector. International order inflow constituted 98% \nof the total order inflow during the quarter. \n \nThe segment order book stood at ₹ 214,496 crore as on September 30, 2025, with the \ninternational order book constituting 71% of the total. \n \nFor the quarter ended September 30, 2025, the customer revenues stood at ₹ 13,082 crore, \nregistering a robust growth of 48% y-o-y led by an execution ramp up in international \nprojects of the Hydrocarbon business. International revenues constituted 78% of the total \ncustomer revenues of the segment during the quarter. \n \nThe segment’s EBITDA margin stood at 7.3% for the quarter ended September 30, 2025, \ncompared to 8.9% in the corresponding quarter of the previous year. The margin decline is \ndue to project variation at closure stage. \n \nHi-Tech Manufacturing Segment \n \nThe segment secured orders valued at ₹ 2,582 crore for the quarter ended                 \nSeptember 30, 2025, a 34% decline over the corresponding quarter of the previous year \nprimarily attributable to the deferral of orders. Export orders constituted 18% of the total \norder inflow of the segment during the quarter. \n \nThe order book of the segment was at ₹ 39,064 crore as on September 30, 2025, with the \nshare of export orders at 11%. \n \nFor the quarter ended September 30, 2025, customer revenues were at ₹ 2,754 crore, \nregistering a growth of 33% y-o-y attributable to improved execution in both the Heavy \nEngineering and Precision Engineering & Systems businesses. International revenues \nconstituted 25% of the total customer revenues for the segment during the quarter. \n \nThe EBITDA margin of the segment was at 14.7% for the quarter ended September 30, 2025, \nwhich was higher compared to the previous year at 12.8%. The increase in segment margin \nis primarily attributable to improved operational profitability in the portfolio.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fc084566cfda7f8d"}, {"chunk_id": "1a9fe6bf99987d6e", "content": "efforts are ongoing to streamline and grow the emerging technology-led businesses, so to complement our core businesses in the domains of engineering, construction, manufacturing and project management. Our IT&TS portfolio continues to perform well. Lastly, L&T Finance’s strategy to focus on the retail lending space through innovative products and tech-enabled operations has resulted in improved performance of the company”. Note: The key parameters of the Group and Segment Performance for the quarter and half-year ended September 30, 2025, are shown in Annexure 1. Segment composition is provided in Annexure 2. Segment-wise Performance Highlights for the quarter Infrastructure Projects Segment The Infrastructure Projects segment secured order inflow of ₹ 52,686 crore during the quarter ended September 30, 2025, registering a growth of 6% over the corresponding quarter of the previous year despite the high base effect. International orders constituted 48% of the total order inflow of the segment during the quarter aided by receipt of major orders in the Building & Factories, Heavy Civil Infrastructure, Power Transmission & Distribution and Renewables businesses. The segment order book stood at ₹ 394,706 crore as on September 30, 2025, with the share of international orders at 43%. For the quarter ended September 30, 2025, customer revenues were at ₹ 31,759 crore,", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "The Company, for the half-year ended September 30, 2025, posted a consolidated Profit \nAfter Tax of ₹ 7,543 crore, registered a y-o-y growth of 22%. \n \nSimilarly, for the quarter ended September 30, 2025, consolidated Profit After Tax (PAT) at \n₹ 3,926 crore, registering a y-o-y growth of 16%. \n \nCommenting on the results, S N Subrahmanyan, Chairman and Managing Director, said: \n \n“The Company has reported a well-rounded financial performance across all \nparameters. Our ability to repeatedly secure large orders, across segments and \ngeographies is a true testimony to the Company’s leadership position in the EPC \ndomain. The consistent execution across a diverse portfolio highlights our strength in \neffectively navigating local / global challenges. We continue to witness higher capex \nspends, in both our primary geographies of India and the Middle East, and remain fairly \noptimistic about order prospects. \n \nWe reached an in-principle understanding with the Government of Telangana for the \ndivestment of our stake in L&T Metro Rail (Hyderabad) Limited (L&TMRHL). This is in \nline with our stated objective under Lakshya 2026 to exit the public concessions \nportfolio.  \n \nTo ensure long-term sustainable growth in a rapidly evolving business environment, \nefforts are ongoing to streamline and grow the emerging technology-led businesses, so \nto complement our core businesses in the domains of engineering, construction, \nmanufacturing and project management. Our IT&TS portfolio continues to perform \nwell. Lastly, L&T Finance’s strategy to focus on the retail lending space through \ninnovative products and tech-enabled operations has resulted in improved \nperformance of the company”. \n \nNote: \nThe key parameters of the Group and Segment Performance for the quarter and half-year ended                      \nSeptember 30, 2025, are shown in Annexure 1.  \n \nSegment composition is provided in Annexure 2. \n \nSegment-wise Performance Highlights for the quarter \n \nInfrastructure Projects Segment \n \nThe Infrastructure Projects segment secured order inflow of ₹ 52,686 crore during the \nquarter ended September 30, 2025, registering a growth of 6% over the corresponding \nquarter of the previous year despite the high base effect. International orders constituted \n48% of the total order inflow of the segment during the quarter aided by receipt of major \norders in the Building & Factories, Heavy Civil Infrastructure, Power Transmission & \nDistribution and Renewables businesses. \n \nThe segment order book stood at ₹ 394,706 crore as on September 30, 2025, with the share \nof international orders at 43%.", "subsection": "For the quarter ended September 30, 2025, customer revenues were at ₹ 31,759 crore, \nregistering a y-o-y decline of 1%, primarily due to slower progress in water related projects. \nThe extended monsoon conditions also dampened the revenue growth. International \nrevenues constituted 47% of the total customer revenues of the segment during the quarter. \n \nThe EBITDA margin of the segment during the quarter ended September 30, 2025, was at \n6.3%, compared to 6.0% in the corresponding quarter of the previous year. Margin \nimprovement has been primarily driven by execution efficiency.  \n \nEnergy Projects Segment \n \nThe Energy Projects segment secured orders valued at ₹ 38,156 crore during the quarter \nended September 30, 2025, registering more than 100% growth on y-o-y basis. The growth \nin order inflow was driven by the receipt of ultra-mega orders in both the Onshore and \nOffshore businesses in the Hydrocarbon sector. International order inflow constituted 98% \nof the total order inflow during the quarter. \n \nThe segment order book stood at ₹ 214,496 crore as on September 30, 2025, with the \ninternational order book constituting 71% of the total. \n \nFor the quarter ended September 30, 2025, the customer revenues stood at ₹ 13,082 crore, \nregistering a robust growth of 48% y-o-y led by an execution ramp up in international \nprojects of the Hydrocarbon business. International revenues constituted 78% of the total \ncustomer revenues of the segment during the quarter. \n \nThe segment’s EBITDA margin stood at 7.3% for the quarter ended September 30, 2025, \ncompared to 8.9% in the corresponding quarter of the previous year. The margin decline is \ndue to project variation at closure stage. \n \nHi-Tech Manufacturing Segment \n \nThe segment secured orders valued at ₹ 2,582 crore for the quarter ended                 \nSeptember 30, 2025, a 34% decline over the corresponding quarter of the previous year \nprimarily attributable to the deferral of orders. Export orders constituted 18% of the total \norder inflow of the segment during the quarter. \n \nThe order book of the segment was at ₹ 39,064 crore as on September 30, 2025, with the \nshare of export orders at 11%. \n \nFor the quarter ended September 30, 2025, customer revenues were at ₹ 2,754 crore, \nregistering a growth of 33% y-o-y attributable to improved execution in both the Heavy \nEngineering and Precision Engineering & Systems businesses. International revenues \nconstituted 25% of the total customer revenues for the segment during the quarter. \n \nThe EBITDA margin of the segment was at 14.7% for the quarter ended September 30, 2025, \nwhich was higher compared to the previous year at 12.8%. The increase in segment margin \nis primarily attributable to improved operational profitability in the portfolio.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fc084566cfda7f8d"}, {"chunk_id": "78b11cc793a5ae4b", "content": "The segment order book stood at ₹ 394,706 crore as on September 30, 2025, with the share of international orders at 43%. For the quarter ended September 30, 2025, customer revenues were at ₹ 31,759 crore, registering a y-o-y decline of 1%, primarily due to slower progress in water related projects. The extended monsoon conditions also dampened the revenue growth. International revenues constituted 47% of the total customer revenues of the segment during the quarter. The EBITDA margin of the segment during the quarter ended September 30, 2025, was at 6.3%, compared to 6.0% in the corresponding quarter of the previous year. Margin improvement has been primarily driven by execution efficiency. Energy Projects Segment The Energy Projects segment secured orders valued at ₹ 38,156 crore during the quarter ended September 30, 2025, registering more than 100% growth on y-o-y basis. The growth in order inflow was driven by the receipt of ultra-mega orders in both the Onshore and Offshore businesses in the Hydrocarbon sector. International order inflow constituted 98% of the total order inflow during the quarter. The segment order book stood at ₹ 214,496 crore as on September 30, 2025, with the international order book constituting 71% of the total. For the quarter ended September 30, 2025, the customer revenues stood at ₹ 13,082 crore, registering a robust growth of 48% y-o-y led by an execution ramp up in international", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "The Company, for the half-year ended September 30, 2025, posted a consolidated Profit \nAfter Tax of ₹ 7,543 crore, registered a y-o-y growth of 22%. \n \nSimilarly, for the quarter ended September 30, 2025, consolidated Profit After Tax (PAT) at \n₹ 3,926 crore, registering a y-o-y growth of 16%. \n \nCommenting on the results, S N Subrahmanyan, Chairman and Managing Director, said: \n \n“The Company has reported a well-rounded financial performance across all \nparameters. Our ability to repeatedly secure large orders, across segments and \ngeographies is a true testimony to the Company’s leadership position in the EPC \ndomain. The consistent execution across a diverse portfolio highlights our strength in \neffectively navigating local / global challenges. We continue to witness higher capex \nspends, in both our primary geographies of India and the Middle East, and remain fairly \noptimistic about order prospects. \n \nWe reached an in-principle understanding with the Government of Telangana for the \ndivestment of our stake in L&T Metro Rail (Hyderabad) Limited (L&TMRHL). This is in \nline with our stated objective under Lakshya 2026 to exit the public concessions \nportfolio.  \n \nTo ensure long-term sustainable growth in a rapidly evolving business environment, \nefforts are ongoing to streamline and grow the emerging technology-led businesses, so \nto complement our core businesses in the domains of engineering, construction, \nmanufacturing and project management. Our IT&TS portfolio continues to perform \nwell. Lastly, L&T Finance’s strategy to focus on the retail lending space through \ninnovative products and tech-enabled operations has resulted in improved \nperformance of the company”. \n \nNote: \nThe key parameters of the Group and Segment Performance for the quarter and half-year ended                      \nSeptember 30, 2025, are shown in Annexure 1.  \n \nSegment composition is provided in Annexure 2. \n \nSegment-wise Performance Highlights for the quarter \n \nInfrastructure Projects Segment \n \nThe Infrastructure Projects segment secured order inflow of ₹ 52,686 crore during the \nquarter ended September 30, 2025, registering a growth of 6% over the corresponding \nquarter of the previous year despite the high base effect. International orders constituted \n48% of the total order inflow of the segment during the quarter aided by receipt of major \norders in the Building & Factories, Heavy Civil Infrastructure, Power Transmission & \nDistribution and Renewables businesses. \n \nThe segment order book stood at ₹ 394,706 crore as on September 30, 2025, with the share \nof international orders at 43%.", "subsection": "For the quarter ended September 30, 2025, customer revenues were at ₹ 31,759 crore, \nregistering a y-o-y decline of 1%, primarily due to slower progress in water related projects. \nThe extended monsoon conditions also dampened the revenue growth. International \nrevenues constituted 47% of the total customer revenues of the segment during the quarter. \n \nThe EBITDA margin of the segment during the quarter ended September 30, 2025, was at \n6.3%, compared to 6.0% in the corresponding quarter of the previous year. Margin \nimprovement has been primarily driven by execution efficiency.  \n \nEnergy Projects Segment \n \nThe Energy Projects segment secured orders valued at ₹ 38,156 crore during the quarter \nended September 30, 2025, registering more than 100% growth on y-o-y basis. The growth \nin order inflow was driven by the receipt of ultra-mega orders in both the Onshore and \nOffshore businesses in the Hydrocarbon sector. International order inflow constituted 98% \nof the total order inflow during the quarter. \n \nThe segment order book stood at ₹ 214,496 crore as on September 30, 2025, with the \ninternational order book constituting 71% of the total. \n \nFor the quarter ended September 30, 2025, the customer revenues stood at ₹ 13,082 crore, \nregistering a robust growth of 48% y-o-y led by an execution ramp up in international \nprojects of the Hydrocarbon business. International revenues constituted 78% of the total \ncustomer revenues of the segment during the quarter. \n \nThe segment’s EBITDA margin stood at 7.3% for the quarter ended September 30, 2025, \ncompared to 8.9% in the corresponding quarter of the previous year. The margin decline is \ndue to project variation at closure stage. \n \nHi-Tech Manufacturing Segment \n \nThe segment secured orders valued at ₹ 2,582 crore for the quarter ended                 \nSeptember 30, 2025, a 34% decline over the corresponding quarter of the previous year \nprimarily attributable to the deferral of orders. Export orders constituted 18% of the total \norder inflow of the segment during the quarter. \n \nThe order book of the segment was at ₹ 39,064 crore as on September 30, 2025, with the \nshare of export orders at 11%. \n \nFor the quarter ended September 30, 2025, customer revenues were at ₹ 2,754 crore, \nregistering a growth of 33% y-o-y attributable to improved execution in both the Heavy \nEngineering and Precision Engineering & Systems businesses. International revenues \nconstituted 25% of the total customer revenues for the segment during the quarter. \n \nThe EBITDA margin of the segment was at 14.7% for the quarter ended September 30, 2025, \nwhich was higher compared to the previous year at 12.8%. The increase in segment margin \nis primarily attributable to improved operational profitability in the portfolio.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fc084566cfda7f8d"}, {"chunk_id": "d519a9caaab0ff2a", "content": "For the quarter ended September 30, 2025, the customer revenues stood at ₹ 13,082 crore, registering a robust growth of 48% y-o-y led by an execution ramp up in international projects of the Hydrocarbon business. International revenues constituted 78% of the total customer revenues of the segment during the quarter. The segment’s EBITDA margin stood at 7.3% for the quarter ended September 30, 2025, compared to 8.9% in the corresponding quarter of the previous year. The margin decline is due to project variation at closure stage. Hi-Tech Manufacturing Segment The segment secured orders valued at ₹ 2,582 crore for the quarter ended September 30, 2025, a 34% decline over the corresponding quarter of the previous year primarily attributable to the deferral of orders. Export orders constituted 18% of the total order inflow of the segment during the quarter. The order book of the segment was at ₹ 39,064 crore as on September 30, 2025, with the share of export orders at 11%. For the quarter ended September 30, 2025, customer revenues were at ₹ 2,754 crore, registering a growth of 33% y-o-y attributable to improved execution in both the Heavy Engineering and Precision Engineering & Systems businesses. International revenues constituted 25% of the total customer revenues for the segment during the quarter. The EBITDA margin of the segment was at 14.7% for the quarter ended September 30, 2025, which was higher compared to the previous year at 12.8%.", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "The Company, for the half-year ended September 30, 2025, posted a consolidated Profit \nAfter Tax of ₹ 7,543 crore, registered a y-o-y growth of 22%. \n \nSimilarly, for the quarter ended September 30, 2025, consolidated Profit After Tax (PAT) at \n₹ 3,926 crore, registering a y-o-y growth of 16%. \n \nCommenting on the results, S N Subrahmanyan, Chairman and Managing Director, said: \n \n“The Company has reported a well-rounded financial performance across all \nparameters. Our ability to repeatedly secure large orders, across segments and \ngeographies is a true testimony to the Company’s leadership position in the EPC \ndomain. The consistent execution across a diverse portfolio highlights our strength in \neffectively navigating local / global challenges. We continue to witness higher capex \nspends, in both our primary geographies of India and the Middle East, and remain fairly \noptimistic about order prospects. \n \nWe reached an in-principle understanding with the Government of Telangana for the \ndivestment of our stake in L&T Metro Rail (Hyderabad) Limited (L&TMRHL). This is in \nline with our stated objective under Lakshya 2026 to exit the public concessions \nportfolio.  \n \nTo ensure long-term sustainable growth in a rapidly evolving business environment, \nefforts are ongoing to streamline and grow the emerging technology-led businesses, so \nto complement our core businesses in the domains of engineering, construction, \nmanufacturing and project management. Our IT&TS portfolio continues to perform \nwell. Lastly, L&T Finance’s strategy to focus on the retail lending space through \ninnovative products and tech-enabled operations has resulted in improved \nperformance of the company”. \n \nNote: \nThe key parameters of the Group and Segment Performance for the quarter and half-year ended                      \nSeptember 30, 2025, are shown in Annexure 1.  \n \nSegment composition is provided in Annexure 2. \n \nSegment-wise Performance Highlights for the quarter \n \nInfrastructure Projects Segment \n \nThe Infrastructure Projects segment secured order inflow of ₹ 52,686 crore during the \nquarter ended September 30, 2025, registering a growth of 6% over the corresponding \nquarter of the previous year despite the high base effect. International orders constituted \n48% of the total order inflow of the segment during the quarter aided by receipt of major \norders in the Building & Factories, Heavy Civil Infrastructure, Power Transmission & \nDistribution and Renewables businesses. \n \nThe segment order book stood at ₹ 394,706 crore as on September 30, 2025, with the share \nof international orders at 43%.", "subsection": "For the quarter ended September 30, 2025, customer revenues were at ₹ 31,759 crore, \nregistering a y-o-y decline of 1%, primarily due to slower progress in water related projects. \nThe extended monsoon conditions also dampened the revenue growth. International \nrevenues constituted 47% of the total customer revenues of the segment during the quarter. \n \nThe EBITDA margin of the segment during the quarter ended September 30, 2025, was at \n6.3%, compared to 6.0% in the corresponding quarter of the previous year. Margin \nimprovement has been primarily driven by execution efficiency.  \n \nEnergy Projects Segment \n \nThe Energy Projects segment secured orders valued at ₹ 38,156 crore during the quarter \nended September 30, 2025, registering more than 100% growth on y-o-y basis. The growth \nin order inflow was driven by the receipt of ultra-mega orders in both the Onshore and \nOffshore businesses in the Hydrocarbon sector. International order inflow constituted 98% \nof the total order inflow during the quarter. \n \nThe segment order book stood at ₹ 214,496 crore as on September 30, 2025, with the \ninternational order book constituting 71% of the total. \n \nFor the quarter ended September 30, 2025, the customer revenues stood at ₹ 13,082 crore, \nregistering a robust growth of 48% y-o-y led by an execution ramp up in international \nprojects of the Hydrocarbon business. International revenues constituted 78% of the total \ncustomer revenues of the segment during the quarter. \n \nThe segment’s EBITDA margin stood at 7.3% for the quarter ended September 30, 2025, \ncompared to 8.9% in the corresponding quarter of the previous year. The margin decline is \ndue to project variation at closure stage. \n \nHi-Tech Manufacturing Segment \n \nThe segment secured orders valued at ₹ 2,582 crore for the quarter ended                 \nSeptember 30, 2025, a 34% decline over the corresponding quarter of the previous year \nprimarily attributable to the deferral of orders. Export orders constituted 18% of the total \norder inflow of the segment during the quarter. \n \nThe order book of the segment was at ₹ 39,064 crore as on September 30, 2025, with the \nshare of export orders at 11%. \n \nFor the quarter ended September 30, 2025, customer revenues were at ₹ 2,754 crore, \nregistering a growth of 33% y-o-y attributable to improved execution in both the Heavy \nEngineering and Precision Engineering & Systems businesses. International revenues \nconstituted 25% of the total customer revenues for the segment during the quarter. \n \nThe EBITDA margin of the segment was at 14.7% for the quarter ended September 30, 2025, \nwhich was higher compared to the previous year at 12.8%. The increase in segment margin \nis primarily attributable to improved operational profitability in the portfolio.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fc084566cfda7f8d"}, {"chunk_id": "e1e4322432c42c21", "content": "IT & Technology Services (IT&TS) Segment The segment recorded customer revenues of ₹ 13,274 crore for the quarter ended September 30, 2025, registering a y-o-y growth of 13%, largely in line with improved spending in the IT&TS sector. International billing contributed 92% of the total customer revenues. The EBITDA margin for the segment was lower at 20.2% for the quarter ended September 30, 2025 as compared to 21.0% in the corresponding quarter of the previous year. The shift is largely attributable to incremental costs incurred towards the newly incubated businesses and subdued margin in L&T Technology Services. Financial Services Segment The segment recorded income from operations at ₹ 4,166  crore during the quarter ended September 30, 2025, registering y-o-y growth of 9% primarily attributable to higher disbursements in the retail finance segment. The total Loan Book, as of September 2025, at ₹ 107,096 crore grew by 10% as compared to ₹ 97,762 crore in March 2025. The Retail Loan Book now constitutes 98% of the total Loan Book as on September 30, 2025. The segment PBT for the quarter ended September 30, 2025 at ₹ 989 crore, is higher than the corresponding quarter of the previous year at ₹ 940 crore. The increase is largely due to higher disbursements contributing to increase in Net Interest Margin and Fees. Development Projects Segment The segment reported customer revenues of ₹ 1,533 crore during the quarter ended", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "The Company, for the half-year ended September 30, 2025, posted a consolidated Profit \nAfter Tax of ₹ 7,543 crore, registered a y-o-y growth of 22%. \n \nSimilarly, for the quarter ended September 30, 2025, consolidated Profit After Tax (PAT) at \n₹ 3,926 crore, registering a y-o-y growth of 16%. \n \nCommenting on the results, S N Subrahmanyan, Chairman and Managing Director, said: \n \n“The Company has reported a well-rounded financial performance across all \nparameters. Our ability to repeatedly secure large orders, across segments and \ngeographies is a true testimony to the Company’s leadership position in the EPC \ndomain. The consistent execution across a diverse portfolio highlights our strength in \neffectively navigating local / global challenges. We continue to witness higher capex \nspends, in both our primary geographies of India and the Middle East, and remain fairly \noptimistic about order prospects. \n \nWe reached an in-principle understanding with the Government of Telangana for the \ndivestment of our stake in L&T Metro Rail (Hyderabad) Limited (L&TMRHL). This is in \nline with our stated objective under Lakshya 2026 to exit the public concessions \nportfolio.  \n \nTo ensure long-term sustainable growth in a rapidly evolving business environment, \nefforts are ongoing to streamline and grow the emerging technology-led businesses, so \nto complement our core businesses in the domains of engineering, construction, \nmanufacturing and project management. Our IT&TS portfolio continues to perform \nwell. Lastly, L&T Finance’s strategy to focus on the retail lending space through \ninnovative products and tech-enabled operations has resulted in improved \nperformance of the company”. \n \nNote: \nThe key parameters of the Group and Segment Performance for the quarter and half-year ended                      \nSeptember 30, 2025, are shown in Annexure 1.  \n \nSegment composition is provided in Annexure 2. \n \nSegment-wise Performance Highlights for the quarter \n \nInfrastructure Projects Segment \n \nThe Infrastructure Projects segment secured order inflow of ₹ 52,686 crore during the \nquarter ended September 30, 2025, registering a growth of 6% over the corresponding \nquarter of the previous year despite the high base effect. International orders constituted \n48% of the total order inflow of the segment during the quarter aided by receipt of major \norders in the Building & Factories, Heavy Civil Infrastructure, Power Transmission & \nDistribution and Renewables businesses. \n \nThe segment order book stood at ₹ 394,706 crore as on September 30, 2025, with the share \nof international orders at 43%.", "subsection": "IT & Technology Services (IT&TS) Segment \n \nThe segment recorded customer revenues of ₹ 13,274 crore for the quarter ended                 \nSeptember 30, 2025, registering a y-o-y growth of 13%, largely in line with improved \nspending in the IT&TS sector. International billing contributed 92% of the total customer \nrevenues. \n \nThe EBITDA margin for the segment was lower at 20.2% for the quarter ended          \nSeptember 30, 2025 as compared to 21.0% in the corresponding quarter of the previous year. \nThe shift is largely attributable to incremental costs incurred towards the newly incubated \nbusinesses and subdued margin in L&T Technology Services. \n \nFinancial Services Segment \n \nThe segment recorded income from operations at ₹ 4,166  crore during the quarter ended \nSeptember 30, 2025, registering y-o-y growth of 9% primarily attributable to higher \ndisbursements in the retail finance segment. \n \nThe total Loan Book, as of September 2025, at ₹ 107,096 crore grew by 10% as compared to \n₹ 97,762 crore in March 2025. The Retail Loan Book now constitutes 98% of the total Loan \nBook as on September 30, 2025. \n \nThe segment PBT for the quarter ended September 30, 2025 at ₹ 989 crore, is higher than \nthe corresponding quarter of the previous year at ₹ 940 crore. The increase is largely due \nto higher disbursements contributing to increase in Net Interest Margin and Fees. \n \n \nDevelopment Projects Segment \n \nThe segment reported customer revenues of ₹ 1,533 crore during the quarter ended             \nSeptember 30, 2025, registering a y-o-y growth of 10%.  \n \nThe segment EBIT for the quarter ended September 30, 2025, at ₹ 87 crore, is lower than \nthat of the corresponding quarter of the previous year at ₹ 125 crore. The decline is largely \nattributable to a prudent provision made for an unfavourable outcome in a sub-judice \nmatter in Nabha Power. Nevertheless, improved profitability in L&TMRHL, due to fare \nrevision, partially softened the impact. \n \n“Others” Segment \n \n“Others” segment comprises (a) Realty (b) Industrial Valves (c) Construction Equipment & \nMining Machinery and (d) Rubber Processing Machinery.  \n \nCustomer revenues of the segment during the quarter ended September 30, 2025 is                    \n₹ 1,416 crore, registering a de-growth of 14% y-o-y primarily due to lower handover of \nresidential units in the Realty business. \n \nExport sales constituted 19% of the total customer revenues of the segment during the \nquarter, primarily attributable to the Industrial Valves business.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e08914e293ee884b"}, {"chunk_id": "7c3c8877e7e0c744", "content": "to higher disbursements contributing to increase in Net Interest Margin and Fees. Development Projects Segment The segment reported customer revenues of ₹ 1,533 crore during the quarter ended September 30, 2025, registering a y-o-y growth of 10%. The segment EBIT for the quarter ended September 30, 2025, at ₹ 87 crore, is lower than that of the corresponding quarter of the previous year at ₹ 125 crore. The decline is largely attributable to a prudent provision made for an unfavourable outcome in a sub-judice matter in Nabha Power. Nevertheless, improved profitability in L&TMRHL, due to fare revision, partially softened the impact. “Others” Segment “Others” segment comprises (a) Realty (b) Industrial Valves (c) Construction Equipment & Mining Machinery and (d) Rubber Processing Machinery. Customer revenues of the segment during the quarter ended September 30, 2025 is ₹ 1,416 crore, registering a de-growth of 14% y-o-y primarily due to lower handover of residential units in the Realty business. Export sales constituted 19% of the total customer revenues of the segment during the quarter, primarily attributable to the Industrial Valves business.", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "The Company, for the half-year ended September 30, 2025, posted a consolidated Profit \nAfter Tax of ₹ 7,543 crore, registered a y-o-y growth of 22%. \n \nSimilarly, for the quarter ended September 30, 2025, consolidated Profit After Tax (PAT) at \n₹ 3,926 crore, registering a y-o-y growth of 16%. \n \nCommenting on the results, S N Subrahmanyan, Chairman and Managing Director, said: \n \n“The Company has reported a well-rounded financial performance across all \nparameters. Our ability to repeatedly secure large orders, across segments and \ngeographies is a true testimony to the Company’s leadership position in the EPC \ndomain. The consistent execution across a diverse portfolio highlights our strength in \neffectively navigating local / global challenges. We continue to witness higher capex \nspends, in both our primary geographies of India and the Middle East, and remain fairly \noptimistic about order prospects. \n \nWe reached an in-principle understanding with the Government of Telangana for the \ndivestment of our stake in L&T Metro Rail (Hyderabad) Limited (L&TMRHL). This is in \nline with our stated objective under Lakshya 2026 to exit the public concessions \nportfolio.  \n \nTo ensure long-term sustainable growth in a rapidly evolving business environment, \nefforts are ongoing to streamline and grow the emerging technology-led businesses, so \nto complement our core businesses in the domains of engineering, construction, \nmanufacturing and project management. Our IT&TS portfolio continues to perform \nwell. Lastly, L&T Finance’s strategy to focus on the retail lending space through \ninnovative products and tech-enabled operations has resulted in improved \nperformance of the company”. \n \nNote: \nThe key parameters of the Group and Segment Performance for the quarter and half-year ended                      \nSeptember 30, 2025, are shown in Annexure 1.  \n \nSegment composition is provided in Annexure 2. \n \nSegment-wise Performance Highlights for the quarter \n \nInfrastructure Projects Segment \n \nThe Infrastructure Projects segment secured order inflow of ₹ 52,686 crore during the \nquarter ended September 30, 2025, registering a growth of 6% over the corresponding \nquarter of the previous year despite the high base effect. International orders constituted \n48% of the total order inflow of the segment during the quarter aided by receipt of major \norders in the Building & Factories, Heavy Civil Infrastructure, Power Transmission & \nDistribution and Renewables businesses. \n \nThe segment order book stood at ₹ 394,706 crore as on September 30, 2025, with the share \nof international orders at 43%.", "subsection": "IT & Technology Services (IT&TS) Segment \n \nThe segment recorded customer revenues of ₹ 13,274 crore for the quarter ended                 \nSeptember 30, 2025, registering a y-o-y growth of 13%, largely in line with improved \nspending in the IT&TS sector. International billing contributed 92% of the total customer \nrevenues. \n \nThe EBITDA margin for the segment was lower at 20.2% for the quarter ended          \nSeptember 30, 2025 as compared to 21.0% in the corresponding quarter of the previous year. \nThe shift is largely attributable to incremental costs incurred towards the newly incubated \nbusinesses and subdued margin in L&T Technology Services. \n \nFinancial Services Segment \n \nThe segment recorded income from operations at ₹ 4,166  crore during the quarter ended \nSeptember 30, 2025, registering y-o-y growth of 9% primarily attributable to higher \ndisbursements in the retail finance segment. \n \nThe total Loan Book, as of September 2025, at ₹ 107,096 crore grew by 10% as compared to \n₹ 97,762 crore in March 2025. The Retail Loan Book now constitutes 98% of the total Loan \nBook as on September 30, 2025. \n \nThe segment PBT for the quarter ended September 30, 2025 at ₹ 989 crore, is higher than \nthe corresponding quarter of the previous year at ₹ 940 crore. The increase is largely due \nto higher disbursements contributing to increase in Net Interest Margin and Fees. \n \n \nDevelopment Projects Segment \n \nThe segment reported customer revenues of ₹ 1,533 crore during the quarter ended             \nSeptember 30, 2025, registering a y-o-y growth of 10%.  \n \nThe segment EBIT for the quarter ended September 30, 2025, at ₹ 87 crore, is lower than \nthat of the corresponding quarter of the previous year at ₹ 125 crore. The decline is largely \nattributable to a prudent provision made for an unfavourable outcome in a sub-judice \nmatter in Nabha Power. Nevertheless, improved profitability in L&TMRHL, due to fare \nrevision, partially softened the impact. \n \n“Others” Segment \n \n“Others” segment comprises (a) Realty (b) Industrial Valves (c) Construction Equipment & \nMining Machinery and (d) Rubber Processing Machinery.  \n \nCustomer revenues of the segment during the quarter ended September 30, 2025 is                    \n₹ 1,416 crore, registering a de-growth of 14% y-o-y primarily due to lower handover of \nresidential units in the Realty business. \n \nExport sales constituted 19% of the total customer revenues of the segment during the \nquarter, primarily attributable to the Industrial Valves business.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e08914e293ee884b"}, {"chunk_id": "239afbac959fcd1b", "content": "The EBITDA margin for the segment was higher at 31.3% for the quarter ended September 30, 2025, compared to 25.1% in the corresponding quarter of the previous year, aided by a sale of commercial property in the Realty business. Outlook India’s economic outlook remains resilient, as healthy domestic fundamentals facilitate navigation of the global geopolitical and macroeconomic situations. The country’s GDP growth is projected to remain robust between 6.5%-7.0% in FY2026, supported by retail and government consumption, steady capex and an expanding services sector. With consumer price inflation having moderated, there appears to be adequate space for a reduction in policy rates. Together, these factors are expected to justify India’s position as one of the world’s fastest-growing major economies. The global economy continues to face growth challenges due to increasing trade protectionism and persisting regional conflicts. Global GDP growth is projected lower at ~3.0% as ongoing policy uncertainties, including trade and tariff policies, impacts investment and supply chains. The GCC economy is likely to remain stable led by a rebound in oil output, stable inflation, and continued investment in non-oil sectors. The current policy and environment remain positive. Against this economic backdrop, the Company has the necessary capability and flexibility to continuously rebalance its approach and strategy to benefit under the ever-changing", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "The EBITDA margin for the segment was higher at 31.3% for the quarter ended         \nSeptember 30, 2025, compared to 25.1% in the corresponding quarter of the previous year, \naided by a sale of commercial property in the Realty business. \n \nOutlook \n \nIndia’s economic outlook remains resilient, as healthy domestic fundamentals facilitate \nnavigation of the global geopolitical and macroeconomic situations.  \n \nThe country’s GDP growth is projected to remain robust between 6.5%-7.0% in FY2026, \nsupported by retail and government consumption, steady capex and an expanding services \nsector. With consumer price inflation having moderated, there appears to be adequate \nspace for a reduction in policy rates. Together, these factors are expected to justify India’s \nposition as one of the world’s fastest-growing major economies. \n \nThe global economy continues to face growth challenges due to increasing trade \nprotectionism and persisting regional conflicts. Global GDP growth is projected lower at \n~3.0% as ongoing policy uncertainties, including trade and tariff policies, impacts \ninvestment and supply chains. \n \nThe GCC economy is likely to remain stable led by a rebound in oil output, stable inflation, \nand continued investment in non-oil sectors. The current policy and environment remain \npositive. \n \nAgainst this economic backdrop, the Company has the necessary capability and flexibility to \ncontinuously rebalance its approach and strategy to benefit under the ever-changing \nbusiness environment. The Company remains focussed on tapping the emerging \nopportunities, invest and grow its new businesses, and ensure long-term sustainable growth \nfor its stakeholders. \n \n \nBackground: \nLarsen & Toubro is a USD 30 billion Indian multinational engaged in EPC Projects, Hi-Tech \nManufacturing, and Services, operating across multiple geographies. A strong, customer–focussed \napproach and the constant quest for top-class quality have enabled L&T to attain and sustain \nleadership in its major lines of business for eight decades.  \n \nMedia Contact: \nSumeet Chatterjee \n \n \n \n \n \n \nHead - Corporate Brand Management & Communications \nsumeet.chatterjee@larsentoubro.com", "subsection": "IT & Technology Services (IT&TS) Segment \n \nThe segment recorded customer revenues of ₹ 13,274 crore for the quarter ended                 \nSeptember 30, 2025, registering a y-o-y growth of 13%, largely in line with improved \nspending in the IT&TS sector. International billing contributed 92% of the total customer \nrevenues. \n \nThe EBITDA margin for the segment was lower at 20.2% for the quarter ended          \nSeptember 30, 2025 as compared to 21.0% in the corresponding quarter of the previous year. \nThe shift is largely attributable to incremental costs incurred towards the newly incubated \nbusinesses and subdued margin in L&T Technology Services. \n \nFinancial Services Segment \n \nThe segment recorded income from operations at ₹ 4,166  crore during the quarter ended \nSeptember 30, 2025, registering y-o-y growth of 9% primarily attributable to higher \ndisbursements in the retail finance segment. \n \nThe total Loan Book, as of September 2025, at ₹ 107,096 crore grew by 10% as compared to \n₹ 97,762 crore in March 2025. The Retail Loan Book now constitutes 98% of the total Loan \nBook as on September 30, 2025. \n \nThe segment PBT for the quarter ended September 30, 2025 at ₹ 989 crore, is higher than \nthe corresponding quarter of the previous year at ₹ 940 crore. The increase is largely due \nto higher disbursements contributing to increase in Net Interest Margin and Fees. \n \n \nDevelopment Projects Segment \n \nThe segment reported customer revenues of ₹ 1,533 crore during the quarter ended             \nSeptember 30, 2025, registering a y-o-y growth of 10%.  \n \nThe segment EBIT for the quarter ended September 30, 2025, at ₹ 87 crore, is lower than \nthat of the corresponding quarter of the previous year at ₹ 125 crore. The decline is largely \nattributable to a prudent provision made for an unfavourable outcome in a sub-judice \nmatter in Nabha Power. Nevertheless, improved profitability in L&TMRHL, due to fare \nrevision, partially softened the impact. \n \n“Others” Segment \n \n“Others” segment comprises (a) Realty (b) Industrial Valves (c) Construction Equipment & \nMining Machinery and (d) Rubber Processing Machinery.  \n \nCustomer revenues of the segment during the quarter ended September 30, 2025 is                    \n₹ 1,416 crore, registering a de-growth of 14% y-o-y primarily due to lower handover of \nresidential units in the Realty business. \n \nExport sales constituted 19% of the total customer revenues of the segment during the \nquarter, primarily attributable to the Industrial Valves business.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4cc53658af6d0316"}, {"chunk_id": "ac1de09cb3fe1929", "content": "positive. Against this economic backdrop, the Company has the necessary capability and flexibility to continuously rebalance its approach and strategy to benefit under the ever-changing business environment. The Company remains focussed on tapping the emerging opportunities, invest and grow its new businesses, and ensure long-term sustainable growth for its stakeholders. Background: Larsen & Toubro is a USD 30 billion Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing, and Services, operating across multiple geographies. A strong, customer–focussed approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for eight decades. Media Contact: Sumeet Chatterjee Head - Corporate Brand Management & Communications sumeet.chatterjee@larsentoubro.com", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "The EBITDA margin for the segment was higher at 31.3% for the quarter ended         \nSeptember 30, 2025, compared to 25.1% in the corresponding quarter of the previous year, \naided by a sale of commercial property in the Realty business. \n \nOutlook \n \nIndia’s economic outlook remains resilient, as healthy domestic fundamentals facilitate \nnavigation of the global geopolitical and macroeconomic situations.  \n \nThe country’s GDP growth is projected to remain robust between 6.5%-7.0% in FY2026, \nsupported by retail and government consumption, steady capex and an expanding services \nsector. With consumer price inflation having moderated, there appears to be adequate \nspace for a reduction in policy rates. Together, these factors are expected to justify India’s \nposition as one of the world’s fastest-growing major economies. \n \nThe global economy continues to face growth challenges due to increasing trade \nprotectionism and persisting regional conflicts. Global GDP growth is projected lower at \n~3.0% as ongoing policy uncertainties, including trade and tariff policies, impacts \ninvestment and supply chains. \n \nThe GCC economy is likely to remain stable led by a rebound in oil output, stable inflation, \nand continued investment in non-oil sectors. The current policy and environment remain \npositive. \n \nAgainst this economic backdrop, the Company has the necessary capability and flexibility to \ncontinuously rebalance its approach and strategy to benefit under the ever-changing \nbusiness environment. The Company remains focussed on tapping the emerging \nopportunities, invest and grow its new businesses, and ensure long-term sustainable growth \nfor its stakeholders. \n \n \nBackground: \nLarsen & Toubro is a USD 30 billion Indian multinational engaged in EPC Projects, Hi-Tech \nManufacturing, and Services, operating across multiple geographies. A strong, customer–focussed \napproach and the constant quest for top-class quality have enabled L&T to attain and sustain \nleadership in its major lines of business for eight decades.  \n \nMedia Contact: \nSumeet Chatterjee \n \n \n \n \n \n \nHead - Corporate Brand Management & Communications \nsumeet.chatterjee@larsentoubro.com", "subsection": "IT & Technology Services (IT&TS) Segment \n \nThe segment recorded customer revenues of ₹ 13,274 crore for the quarter ended                 \nSeptember 30, 2025, registering a y-o-y growth of 13%, largely in line with improved \nspending in the IT&TS sector. International billing contributed 92% of the total customer \nrevenues. \n \nThe EBITDA margin for the segment was lower at 20.2% for the quarter ended          \nSeptember 30, 2025 as compared to 21.0% in the corresponding quarter of the previous year. \nThe shift is largely attributable to incremental costs incurred towards the newly incubated \nbusinesses and subdued margin in L&T Technology Services. \n \nFinancial Services Segment \n \nThe segment recorded income from operations at ₹ 4,166  crore during the quarter ended \nSeptember 30, 2025, registering y-o-y growth of 9% primarily attributable to higher \ndisbursements in the retail finance segment. \n \nThe total Loan Book, as of September 2025, at ₹ 107,096 crore grew by 10% as compared to \n₹ 97,762 crore in March 2025. The Retail Loan Book now constitutes 98% of the total Loan \nBook as on September 30, 2025. \n \nThe segment PBT for the quarter ended September 30, 2025 at ₹ 989 crore, is higher than \nthe corresponding quarter of the previous year at ₹ 940 crore. The increase is largely due \nto higher disbursements contributing to increase in Net Interest Margin and Fees. \n \n \nDevelopment Projects Segment \n \nThe segment reported customer revenues of ₹ 1,533 crore during the quarter ended             \nSeptember 30, 2025, registering a y-o-y growth of 10%.  \n \nThe segment EBIT for the quarter ended September 30, 2025, at ₹ 87 crore, is lower than \nthat of the corresponding quarter of the previous year at ₹ 125 crore. The decline is largely \nattributable to a prudent provision made for an unfavourable outcome in a sub-judice \nmatter in Nabha Power. Nevertheless, improved profitability in L&TMRHL, due to fare \nrevision, partially softened the impact. \n \n“Others” Segment \n \n“Others” segment comprises (a) Realty (b) Industrial Valves (c) Construction Equipment & \nMining Machinery and (d) Rubber Processing Machinery.  \n \nCustomer revenues of the segment during the quarter ended September 30, 2025 is                    \n₹ 1,416 crore, registering a de-growth of 14% y-o-y primarily due to lower handover of \nresidential units in the Realty business. \n \nExport sales constituted 19% of the total customer revenues of the segment during the \nquarter, primarily attributable to the Industrial Valves business.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4cc53658af6d0316"}, {"chunk_id": "2df08685300bf4f6", "content": "Group Performance – Key Parameters Q2 FY'25 Q2 FY'26 % Var Key Parameters (in ₹ crore) H1 FY'25 H1 FY'26 % Var 61,555           67,984 10% Revenue from operations 1,16,674       1,31,662 13% 52% 56% International revenue % 50% 54% 55,193           61,178 11% Total operational expenses 1,04,697        1,18,538 13% 6,362             6,806 7% EBITDA 11,977           13,124 10% 10.3% 10.0% EBITDA % 10.3% 10.0%", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "Group Performance – Key Parameters \n \nQ2 FY'25\nQ2 FY'26\n% Var\nKey Parameters (in ₹ crore)\nH1 FY'25\nH1 FY'26\n% Var\n          61,555           67,984 \n10%\nRevenue from operations\n      1,16,674       1,31,662 \n13%\n52%\n56%\nInternational revenue %\n50%\n54%\n          55,193           61,178 \n11%\nTotal operational expenses\n       1,04,697        1,18,538 \n13%\n            6,362             6,806 \n7%\nEBITDA\n          11,977           13,124 \n10%\n10.3%\n10.0%\nEBITDA %\n10.3%\n10.0%", "subsection": "IT & Technology Services (IT&TS) Segment \n \nThe segment recorded customer revenues of ₹ 13,274 crore for the quarter ended                 \nSeptember 30, 2025, registering a y-o-y growth of 13%, largely in line with improved \nspending in the IT&TS sector. International billing contributed 92% of the total customer \nrevenues. \n \nThe EBITDA margin for the segment was lower at 20.2% for the quarter ended          \nSeptember 30, 2025 as compared to 21.0% in the corresponding quarter of the previous year. \nThe shift is largely attributable to incremental costs incurred towards the newly incubated \nbusinesses and subdued margin in L&T Technology Services. \n \nFinancial Services Segment \n \nThe segment recorded income from operations at ₹ 4,166  crore during the quarter ended \nSeptember 30, 2025, registering y-o-y growth of 9% primarily attributable to higher \ndisbursements in the retail finance segment. \n \nThe total Loan Book, as of September 2025, at ₹ 107,096 crore grew by 10% as compared to \n₹ 97,762 crore in March 2025. The Retail Loan Book now constitutes 98% of the total Loan \nBook as on September 30, 2025. \n \nThe segment PBT for the quarter ended September 30, 2025 at ₹ 989 crore, is higher than \nthe corresponding quarter of the previous year at ₹ 940 crore. The increase is largely due \nto higher disbursements contributing to increase in Net Interest Margin and Fees. \n \n \nDevelopment Projects Segment \n \nThe segment reported customer revenues of ₹ 1,533 crore during the quarter ended             \nSeptember 30, 2025, registering a y-o-y growth of 10%.  \n \nThe segment EBIT for the quarter ended September 30, 2025, at ₹ 87 crore, is lower than \nthat of the corresponding quarter of the previous year at ₹ 125 crore. The decline is largely \nattributable to a prudent provision made for an unfavourable outcome in a sub-judice \nmatter in Nabha Power. Nevertheless, improved profitability in L&TMRHL, due to fare \nrevision, partially softened the impact. \n \n“Others” Segment \n \n“Others” segment comprises (a) Realty (b) Industrial Valves (c) Construction Equipment & \nMining Machinery and (d) Rubber Processing Machinery.  \n \nCustomer revenues of the segment during the quarter ended September 30, 2025 is                    \n₹ 1,416 crore, registering a de-growth of 14% y-o-y primarily due to lower handover of \nresidential units in the Realty business. \n \nExport sales constituted 19% of the total customer revenues of the segment during the \nquarter, primarily attributable to the Industrial Valves business.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "92448c34fc878e04"}, {"chunk_id": "016a2f5e3fc9573d", "content": "884 763 -14% Finance costs 1,746 1,544 -12% 1,024 1,092 7% Depreciation & Amortisation 2,022 2,125 5% 3,395             3,926 16% Consolidated Profit After Tax 6,181             7,543 22% Q2 FY'25 Q2 FY'26 Q2 FY'25 Q2 FY'26 Q2 FY'25 Q2 FY'26 Infrastructure Projects 49,522 52,686 31,954 31,759 6.0% 6.3% Energy Projects 7,757 38,156 8,869 13,082 8.9% 7.3% Hi-Tech Manufacturing 3,920 2,582 2,063 2,754 12.8% 14.7% IT & Technology Services 11,798 13,274 11,798 13,274 21.0% 20.2% Financial Services 3,837 4,166 3,837 4,166 Development Projects 1,384 1,531 1,387 1,533 Others 1,828 3,389 1,648 1,416 25.1% 31.3% Total 80,045 1,15,784 61,555 67,984 Segment (in ₹ Crore) Order Inflow Customer Revenue Segment (in ₹ Crore) Order Inflow Customer Revenue H1 FY'25 H1 FY'26 H1 FY'25 H1 FY'26 H1 FY'25 H1 FY'26 Infrastructure Projects 89,575 93,710 58,862 60,516 5.9% 6.0% Energy Projects 16,549 69,576 17,361 25,545 8.9% 7.4% Hi-Tech Manufacturing 7,597 4,471 3,909 5,981 15.0% 14.9% IT & Technology Services 23,303 25,893 23,303 25,893 20.5% 19.8% Financial Services 7,501 8,137 7,501 8,137 Development Projects 2,711 2,773 2,717 2,781 Others 3,746 5,676 3,022 2,808 24.3% 32.1% Total 1,50,982 2,10,237 1,16,674 1,31,662 1---------------------il t-----l ---------< Financial Services Q2 FY'25 Q2 FY'26 H1 FY'25 H1 FY'26 NIM + Fees % 10.9% 10.2% 11.0% 10.2% Note 2: Development Projects (₹ crore) Q2 FY'25 Q2 FY'26 H1 FY'25 H1 FY'26 EBIT 125 87 262 219 1---------------------<I 1-----1 ---------<", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "884\n               \n               763 \n-14%\nFinance costs\n1,746\n           \n            1,544 \n-12%\n1,024\n           \n            1,092 \n7%\nDepreciation & Amortisation\n2,022\n           \n            2,125 \n5%\n            3,395             3,926 \n16%\nConsolidated Profit After Tax\n            6,181             7,543 \n22%", "subsection": "1---------------------<I \n1-----1 ---------<", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3f2eb3c75f43e158"}, {"chunk_id": "cdb293f99697e6c0", "content": "Infrastructure Projects Building & Factories, Transportation Infrastructure, Heavy Civil Infrastructure, Power Transmission & Distribution, Renewables, Water & Effluent Treatment, Minerals & Metals Energy Projects Energy Hydrocarbon - Onshore and Offshore, Energy CarbonLite Solutions, Clean Energy EPC Hi-Tech Manufacturing Heavy Engineering, Precision Engineering & Systems, Electrolyser Manufacturing IT & Technology Services LTIMindtree Limited, L&T Technology Services Limited, Digital Platforms, Data Centers, Semiconductor Technologies Financial Services L&T Finance Limited Development Projects Hyderabad Metro, Nabha Power, Green Energy", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "Segments\nComposition", "subsection": "1---------------------<I \n1-----1 ---------<", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1ffdb035383f865e"}, {"chunk_id": "2d41551db2d45074", "content": "e LARSEN & TOUBRO LIMITED Registered Office: L&T House, Ballard Estate, Mumbai 400 001 - CJN: L99999MH1946PLC004768 STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED SEPTEMBER 30, 2025 1t Crore Quarter ended Six months ended Year ended September 30, June 30, September 30, September 30, September 30, March 31, Particulars 2025 2025 2024 2025 2024 2025 [Reviewed] [Reviewed] [Reviewed] [Reviewed] [Reviewed] [Audited] b) Other income (net) 1384,28 1356.78 1101.27 2741,06 2021.91 4124,82 a) Revenue from operations 67983,53 63678.92 61554,58 131662.45 116674.40 255734.45 a) Manufacturing, construction and operating expenses: Total Income 69367.81 65035.70 62655.85 134403.51 118696.31 259859,27 i) Cost of raw materials and components consumed 7572,63 6650,27 6204.75 14222.90 11396,24 27655.02 ii) Construction materials consumed 16034,77 13951.77 17032.66 29986,54 29492,69 63526.44 iv) Stores, spares and loose tools consumed 985.17 1008,21 1047.51 1993.38 1992,64 4393,39 iii) Purchase of stock-in-trade 302.08 212.36 331,86 514.44 683,50 1402,14 vi) Changes in inventories of finished goods, stock-in-trade and work-in-progress (168,68) (493,30) (477.33) (661.98) (633,63) (410,79) v) Sub-contracting charges 11001.47 11357,06 9070,31 22358.53 18307.29 40570,92 b) Finance cost of financial services business and finance lease activity 1706,83 1706.35 1555.01 3413.18 2985,54 6302,23 vii) Other manufacturing, construction and operating expenses 7861,03 7544.45 6247.76 15405.48 12394,81 27533.55 d) Sales, administration and other expenses 2895,84 2785,65 2724.36 5681.49 5578.82 11558,13", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "e \nLARSEN & TOUBRO LIMITED \nRegistered Office: L&T House, Ballard Estate, Mumbai 400 001 \n-", "subsection": "4 \nExceptional items \n-\n-\n-\n-\n474,78", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cd8276afbee08450"}, {"chunk_id": "9b90bb26a590b3d3", "content": "1706,83 1706.35 1555.01 3413.18 2985,54 6302,23 vii) Other manufacturing, construction and operating expenses 7861,03 7544.45 6247.76 15405.48 12394,81 27533.55 d) Sales, administration and other expenses 2895,84 2785,65 2724.36 5681.49 5578.82 11558,13 c) Employee benefits expense 12985.98 12638.44 11455.65 25624.42 22499.17 46768,68 e) Finance costs 762,81 781,61 884.38 1544.42 1745.74 3334.37 f) Depreciation, amortisation, impairment and obsolescence 1091,77 1033.30 1023.84 2125.07 2021.76 4121.18 Total Expenses 63031.70 59176.17 57100.76 122207.87 108464.57 236755.26 4 Exceptional items - - - - 474,78 3 Profit before exceptional items and tax (1-2) 6336.11 5859.53 5555.09 12195.64 10231.74 23104.01 5 Profit before tax (3+4) 6336.11 5859.53 5555.09 12195.64 10231.74 23578.79 b} Deferred tax 72.05 15.46 (50.90) 87.51 (149.83) (209.42) a) Current tax 1576.97 1518.50 1493.18 3095.47 2828.65 6100.82 7 Net profit after tax (5-6) 4687.09 4325.57 4112.81 9012.66 7552.92 17687.39 Total tax expense 1649.02 1533.96 1442.28 3182.98 2678.82 5891.40 8 Share in profiV(loss) after tax of joint ventures/associates (net) (9.08) (7.40) (13.97) (16.48) (9.40) (14.06) 9 Net profit after tax and share in profit/(loss) of joint ventures/associates (7+8) 4678.01 4318.17 4098.84 8996.18 7543.52 17673.33 Attributable to: Owners of the Company 3926.09 3617.19 3395.29 7543.28 6181.01 15037.11 Non-controlling interests • 751.92 700.98 703.55 1452.90 1362.51 2636.22 10 Other comprehensive income (OCI) a) i) Items that will not be reclassified to profit and loss (31,60) (90,68) (61.43) (122.28) (114.90) (308.74) ii) Income tax relating to items that will not be reclassified to profit and loss 7.45 26.95 13.74 34.40 27.72 69.24", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "e \nLARSEN & TOUBRO LIMITED \nRegistered Office: L&T House, Ballard Estate, Mumbai 400 001 \n-", "subsection": "4 \nExceptional items \n-\n-\n-\n-\n474,78", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cd8276afbee08450"}, {"chunk_id": "cce9f0b6c61a7188", "content": "a) i) Items that will not be reclassified to profit and loss (31,60) (90,68) (61.43) (122.28) (114.90) (308.74) ii) Income tax relating to items that will not be reclassified to profit and loss 7.45 26.95 13.74 34.40 27.72 69.24 b) i) Items that will be reclassified to profit and loss (628,08) 1345.57 450.16 717.49 751.54 356.73 ii) Income tax relating to items that will be reclassified to profit and loss 162.69 (122.93) (44.16) 39.76 (109.93) (105.94) Attributable to: Owners of the Company (268.08) 1157.30 422.98 889,22 570.83 37.35 Other comprehensive income [net of tax]-(a+b} (489.54) 1158.91 358.31 669.37 554.43 11.29 11 Total comprehensive income (9+10) 4188.47 5477.08 4457.15 9665.55 8097.95 17684.62 Non-controlling interests (221.46) 1.61 (64.67) (219,85) (16.40) (26.06) Attributable to: Owners of the Company 3658.01 4774.49 3818.27 8432,50 6751.84 15074.46 Non-controlling interests 530.46 702.59 638.88 1233,05 1346.11 2610.16 12 Paid-up equity share capital (face value of share:< 2 each) 275.11 275.07 275.00 275.11 275.00 275,04 14 Earnings per equity share (EPS) (not annualised): 13 Other equity attributable to owners of the Company 97380,56 (b) Diluted EPS (<) 28.53 26.29 24.68 54.82 44.92 109,28 (a) Basic EPS (<) 28.54 26.30 24.69 54,85 44.96 109.36 Notes: (i) During the quarter, the Company has allotted 1,96,577 equity shares of< 2 each fully paid-up, on exercise of stock options by employees in accordance with the Company's stock option schemes.", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "e \nLARSEN & TOUBRO LIMITED \nRegistered Office: L&T House, Ballard Estate, Mumbai 400 001 \n-", "subsection": "4 \nExceptional items \n-\n-\n-\n-\n474,78", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cd8276afbee08450"}, {"chunk_id": "8be9aae57d6c9f4d", "content": "109.36 Notes: (i) During the quarter, the Company has allotted 1,96,577 equity shares of< 2 each fully paid-up, on exercise of stock options by employees in accordance with the Company's stock option schemes. (ii) During the quarter, the Company reached an in-principle understanding for divestment of L&T Metro Rail (Hyderabad) Limited (SPV) to Government of Telangana at a mutually agreed value. The proposed transaction is subject to fulfilment of pre-conditions and other legal & statutory compliances. (Iii) Consolidated Statement of Assets and Liabililies: Particulars September 30, March 31, 2025 2025 [Reviewed] [Audited] ASSETS: Non-current assets Property, plant and equipment 14469.57 14128.56 Capital work-in-progress 3255.50 2390.86 Investment property under construction 665.10 501.30 Goodwill 8615.23 8348.48 Other intangible assets 16813.08 17050.76 Intangible assets under development 305.47 197.82 Right-of-use assets 3404.49 2869.02 Financial assets: Investments in joint ventures and associates 2501.62 2318.42 Other investments 8249.87 9126.23 Loans towards financing activities 69754.61 62847.35 Other loans 380.08 348.96 Other financial assets 1524.18 1863.04 Investment property 1130.27 1157.33 Deferred tax assets (net) 3746.72 3792.88 Current tax assets (net) 4825.17 4581.60 Other non-current assets 2374.91 2659.78 Sub-total - Non-current assets 142015.87 134182.39 Current assets Inventories 8313.65 7670.55 Financial assets: Investments 44428.33 43360.62 Trade receivables 53654.94 53713.68 Cash and cash equivalents 9791.11 12187.00 Other bank balances 8904.16 10778.34 Loans towards financing activities", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "e \nLARSEN & TOUBRO LIMITED \nRegistered Office: L&T House, Ballard Estate, Mumbai 400 001 \n-", "subsection": "4 \nExceptional items \n-\n-\n-\n-\n474,78", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cd8276afbee08450"}, {"chunk_id": "02fd5d6e998cdb02", "content": "Current assets Inventories 8313.65 7670.55 Financial assets: Investments 44428.33 43360.62 Trade receivables 53654.94 53713.68 Cash and cash equivalents 9791.11 12187.00 Other bank balances 8904.16 10778.34 Loans towards financing activities 38708.54 36077.51 Other loans 456.59 416.85 Other financial assets 6435.87 5419.89 Other current assets 78268.66 75559.83 Sub-total - Current assets 248961.85 245184.27 Group(s) of assets classified as held for sale 124.90 157.44 TOTAL ASSETS 391102.62 379524.10 EQUITY Equity share capital 275.11 275.04 EQUITY AND LIABILITIES: Other equity 101108.44 97380.56 Equity attributable to owners of the Company 101383.55 97655.60 Non-controlling interest 18423.58 17748.08 TOTAL EQUITY 119807.13 115403.68 LIABILITIES Non-current liabilities Financial liabilities: Borrowings 66942.55 57503.34 Lease liabilities 2657.20 2265.24 Other financial liabilities 744.09 252.18 Provisions 1168.40 1124.01 Deferred tax liabilities (net) 410.71 410.01 Other non-current liabilities 586.01 594.74 Sub-total - Non-current liabilities 72508.96 62149.52 Current liabilities Financial liabilities: Borrowings 33655.71 35861.30 Current maturities of long term borrowings 30023.51 36194.70", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "e \nLARSEN & TOUBRO LIMITED \nRegistered Office: L&T House, Ballard Estate, Mumbai 400 001 \n-", "subsection": "4 \nExceptional items \n-\n-\n-\n-\n474,78", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cd8276afbee08450"}, {"chunk_id": "e1e36869682c6dab", "content": "Trade payables: Due to micro enterprises and small enterprises 1578.12 1417.65 Due to others 51291.09 51041.69 Other financial liabilities 6664.22 6273.37 Other current liabilities 66846.94 63326.97 Provisions 5050.16 4691.67 Current tax liabilities (net) 2954.62 2579.21 Sub-total - Current liabilities 198786.53 201970.90 Lease liabilities 722.16 584.34 TOTAL LIABILITIES 271295.49 264120.42 TOTAL EQUITY AND LIABILITIES 391102.62 379524.10 (iv) The Company reports its consolidated financial results on a quarterly basis. The standalone financial results are available on the Company's website viz. www.larsentoubro.com and on the websites of BSE (www.bseindia.com) and NSE (www.nseindia.com). The specified items of the standalone financial results of the Company for the quarter and six months ended September 30, 2025 are given below: Quarter ended Six months ended Year ended September 30, June 30, September 30, September 30, September 30, March 31, Particulars 2-025 2025 2024 2025 2024 2025 [Reviewed] [Reviewed] [Reviewed] [Reviewed] [Reviewed] [Audited] a) Revenue from operations 35115.74 33470.73 34918.91 68586.47 65196.06 142509.01 b) Profit before exceptional items and tax 2431.23 4040.09 2694.56 6471.32 6088.28 13098.98 c) Profit/(loss) before tax (after exceptional items) (2981.77) 4040.09 2694.56 1058.32 6088.28 13573.76 d) Net profitl(loss) after tax (after exceptional items) (3591.17) 3485.30 1988.22 (105.87) 4957.31 10870.72 (v) Additional disclosures as per Regulation 52(4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: No. Particulars September 30,", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "e \nLARSEN & TOUBRO LIMITED \nRegistered Office: L&T House, Ballard Estate, Mumbai 400 001 \n-", "subsection": "4 \nExceptional items \n-\n-\n-\n-\n474,78", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "de050873c9d6e217"}, {"chunk_id": "f45a7e5b90835657", "content": "(3591.17) 3485.30 1988.22 (105.87) 4957.31 10870.72 (v) Additional disclosures as per Regulation 52(4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: No. Particulars September 30, June 30, September 30, September 30, September 30, March 31, 2025 2025 2024 2025 2024 2025 Sr. Quarter ended Six months ended Year ended 1 Debt equity ratio 1.09 1.13 1.17 1.09 1.17 1.12 2 Debt service coverage ratio (DSCR) 6.00 0.92 2.86 1.64 1.89 2.55 3 Interest service coverage ratio (ISCR) 7.96 7.15 6.11 7.55 5.67 6.75 4 Current ratio 1.25 1.21 1.17 1.25 1.17 1.21 5 Long term debt to working capital ratio 1.21 1.25 1.25 1.21 1.25 1.18 6 Bad debts to accounts receivable ratio 0.00 0.00 0.00 0.00 0.00 0.01 7 Current liability ratio 0.73 0.75 0.78 0.73 0.78 0.76 8 Total debt to total assets ratio 0.33 0.34 0.35 0.33 0.35 0.34 9 Debtors turnover ratio 4.45 4.40 4.17 4.45 4.17 4.31 10 Operating margin(%) 10.01% 9.92% 10.34% 9.97% 10.27% 10.34% 12 Inventory turnover ratio (refer note below) NA NA NA NA NA NA 11 Net profit margin(%) 6.88% 6.78% 6.66% 6.83% 6.47% 6.91% 13 Capital Redemption Reserve/Debenture Redemption Reserve ls Crore] 338.23 338.23 338.23 338.23 338.23 338.23 14 Net worth ls Crore] (As per section 2(57) of Companies Act, 2013) 98737.80 94839.81 87178.56 98737.80 87178.56 95987.31 Notes: (a) The ratios are to be read and interpreted considering that the Group has diversified nature of businesses. (b) Formulae for computation of above ratios are as follows: Sr. Particulars Formulae No. 1 Debt equity ratio Total borrowings", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "e \nLARSEN & TOUBRO LIMITED \nRegistered Office: L&T House, Ballard Estate, Mumbai 400 001 \n-", "subsection": "4 \nExceptional items \n-\n-\n-\n-\n474,78", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "de050873c9d6e217"}, {"chunk_id": "146febba1cc90dc4", "content": "(b) Formulae for computation of above ratios are as follows: Sr. Particulars Formulae No. 1 Debt equity ratio Total borrowings Total equity 2 Debt service coverage ratio (DSCR) Finance costsA + Principal repayments (net of refinancing) made during the period for long term borrowingsA (A Excluding Financial Services and Finance lease model business) Profit before interest, tax and exce12tional itemsA Profit before interest, tax and exceQtional itemsA 3 Interest service coverage ratio (ISCR) Finance costsA (A Excluding Financial Services and Finance lease model business) 4 Current ratio Current assets Current liabilities 5 Long term debt to working capital ratio Long term borrowings (including current maturities of long term borrowings) Current assets(-) Current liabilities [excluding current l'(laturities of long term borrowings] Bad debtsA 6 Bad debts to accounts receivable ratio Average gross trade receivablesA (A Excluding Financial Services) 7 Current liability ratio Current liabilities Total liabilities 8 Total debt to total assets ratio Total borrowings Total assets Revenue from operations for trailing 12 monthsA 9 Debtors turnover ratio Average gross trade receivablesA (A Excluding Financial Services) 10 Operating margin(%) (-) Other income Revenue from operations (A Excluding Finance cost of Financial Services and Finance lease model business) Profit before depreciation, interest\\ tax and exceptional items 11 Net profit margin(%)", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "e \nLARSEN & TOUBRO LIMITED \nRegistered Office: L&T House, Ballard Estate, Mumbai 400 001 \n-", "subsection": "4 \nExceptional items \n-\n-\n-\n-\n474,78", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "de050873c9d6e217"}, {"chunk_id": "229d018255bf0f91", "content": "(-) Other income Revenue from operations (A Excluding Finance cost of Financial Services and Finance lease model business) Profit before depreciation, interest\\ tax and exceptional items 11 Net profit margin(%) Net profit after tax and share in profit/(loss) of joint ventures/associates Revenue from operations 12 Inventory turnover ratio Average Inventory Not material considering the size and the nature of operations of the Group , crore Six months ended September 30, September 30, 2025 2024 [Reviewed] [Reviewed] A. Cash flow from operating activities: Profit before exceptional items and tax Adjustments for: Dividend received Depreciation, amortisation, impairment and obsolescence Exchange difference on items grouped under financing/investing activit_ies Effect of exchange rate changes on cash and cash equivalents Finance costs Interest income (Profit)/loss on sale of Property, plant and equipment, Investment property and Intangible assets (net) • (Profit}/loss on sale/fair valuation of investments (net) Bad debts and advances written off & Allowances for expected credit loss (net) Employee stock option-discount Loss on sale/fair valuation of investments and loans towards financing activity (net) Others Operating profit before working capital changes Adjustments for: (lncrease)/decrease in trade and other receivables (Increase )/decrease in inventories lncrease/(decrease) in trade and other payables Cash generated from operations before financing activities", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "e \nLARSEN & TOUBRO LIMITED \nRegistered Office: L&T House, Ballard Estate, Mumbai 400 001 \n-", "subsection": "4 \nExceptional items \n-\n-\n-\n-\n474,78", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "de050873c9d6e217"}, {"chunk_id": "5397d8c5bdb5f24d", "content": "Adjustments for: (lncrease)/decrease in trade and other receivables (Increase )/decrease in inventories lncrease/(decrease) in trade and other payables Cash generated from operations before financing activities (lncrease)/decrease in loans and advances towards financing activities Cash generated from operations Direct taxes paid [net] Net cash generated from/(used in) operating activities (58.28) (58.05) 2125.07 2021.76 22.70 (17.33) (178.88) (15.53) 1448.92 1662.49 (1540.96) (1114.54) (87.90) (125.57) (935.83) (672.59) 1867.74 1673.72 71.07 135.10 (81.39) (17.61) 7.95 (8.72) 14855.85 13694.87 (4172.74) (6118.73) (636.52) (376.57) 6165.84 4210.60 16212.43 11410.17 (9463.02) (8365.51) 6749.41 3044.66 (2933.28) (2798.60) B. Cash flow from investing activities: Purchase of Property, plant and equipment, Investment property and Intangible assets Sale of Property, plant and equipment, Investment property and Intangible assets Purchase of non-current investments Sale of non-current investments (Purchase)/sale of current investments (net) Change in other bank balance and cash not available for immediate use Deposits/loans given to associates, joint ventures and third parties Deposits/loans repaid by associates, joint ventures and third parties Interest received Dividend received from joint ventures/associates Dividend received on other investments", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "e \nLARSEN & TOUBRO LIMITED \nRegistered Office: L&T House, Ballard Estate, Mumbai 400 001 \n-", "subsection": "4 \nExceptional items \n-\n-\n-\n-\n474,78", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "de050873c9d6e217"}, {"chunk_id": "4fdfb90eb6585b48", "content": "(2674.72) (1965.43) 241.10 553.24 (2045.97) (697.71) 689.0.1 458.43 2321.46 (1757.53) 2027.66 (3360.36) (168.24) (339.00) 140.24 55.03 1470.06 1001.62 11.69 11.97 58.28 58.05 - 1068.73 - 324.96 - 52.54 (709.21) - (141.03) (140.83) 89.34 3.12 (253.99) (12.50) 1055.68 (4685.67) Consideration received on disposal of subsidiaries/joint venture Consideration received on transfer of business undertaking in Development Projects business Consideration received on transfer of other business undertaking Consideration paid on acquisition of business Consideration paid on acquisition of subsidiaries (including contingent consideration) Cash and cash equivalents acquired pursuant to acquisition of subsidiaries/business Consideration paid on acquisition of stake in an associate/joint venture Net cash generated from/(used in) investing activities C. Cash flow from financing activities: Proceeds from issue of share capital (including share application money) [net] Proceeds from non-current borrowings Repayment of non-current borrowings Proceeds from/(repayment of) other borrowings (net) Payment (to)/from non-controlling interest (net) Settlement of derivative contracts related to borrowings Dividends paid Repayment of lease liability Interest paid on lease liability Interest paid (including cash flows on account of interest rate swaps) Net cash generated from/(used in) financing activities 6.07 6.10 22925.24 14760.99 (20198.49) (15436.54) (2536.30) 10662.89 (707.24) (941.92) 13.68 31.56 (4676.22) (3849.57) (380.22) (260.49) (109.62)", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "e \nLARSEN & TOUBRO LIMITED \nRegistered Office: L&T House, Ballard Estate, Mumbai 400 001 \n-", "subsection": "Add: Exceptional items \n-\n-\n-\n-\n-\n474.78 \nProfit before tax \n6336.11 \n5859.53 \n5555.09 \n12195.64 \n10231.74 \n23578.79", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "de42a1313e341581"}, {"chunk_id": "d2456702109b1195", "content": "Net cash generated from/(used in) financing activities 6.07 6.10 22925.24 14760.99 (20198.49) (15436.54) (2536.30) 10662.89 (707.24) (941.92) 13.68 31.56 (4676.22) (3849.57) (380.22) (260.49) (109.62) (90.23) (1822.08) (2226.40) (7485.18) 2656.39 Net increase/(decrease) in cash and cash equivalents (A+ B + C) Cash and cash equivalents at beginning of the period Effect of exchange rate changes on cash and cash equivalents Cash and cash equivalents at end of the period (2613.37) (1783.22) 12187.00 11958.50 217.48 30.08 1 Statement of Cash Flows has been prepared under the Indirect Method as set out in the Indian Accounting Standard (Ind AS) 7 \"Statement of Cash Flows\" as specified in the Companies (Indian Accounting Standards) Rules, 2015. 2 Property, plant and equipment, Investment property and Intangible assets are adjusted for movement of (a) Capital work-in-progress for Property, plant and equipment and Investment property and (b) Intangible assets under development during the period. (vii) Figures for the previous periods have been regrouped/reclassified to conform to the classification of the current periods. (viii) The above consolidated financial results of the Parent Company including its Subsidiaries, Associates & Joint Ventures have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards (Ind AS) as prescribed under section", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "e \nLARSEN & TOUBRO LIMITED \nRegistered Office: L&T House, Ballard Estate, Mumbai 400 001 \n-", "subsection": "Add: Exceptional items \n-\n-\n-\n-\n-\n474.78 \nProfit before tax \n6336.11 \n5859.53 \n5555.09 \n12195.64 \n10231.74 \n23578.79", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "de42a1313e341581"}, {"chunk_id": "14784162034f7dc6", "content": "accordance with the recognition and measurement principles laid down in the Indian Accounting Standards (Ind AS) as prescribed under section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and the other accounting principles generally accepted in India. These results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on October 29, 2025. The same have also been subjected to Limited Review by the Statutory Auditor. for LARSEN & TOUBRO LIMITED Unaudited Consolidated Segment-wise Revenue, Results, Total Assets and Total Liabilities: t' Crore Quarter ended Six months ended Year ended September 30, June 30, September 30, September 30, September 30, March 31, Particulars 2025 2025 2024 2025 2024 2025 [Reviewed] [Reviewed] [Reviewed] [Reviewed] [Reviewed] [Audited] Gross segment revenue 1 Infrastructure Projects 32148.62 29031.36 32352.30 61179.98 59531.75 131314.52 3 Hi-Tech Manufacturing 2830.84 3362.11 2175.94 6192.95 4095.66 10180.86 2 Energy Projects 13090.34 12467.57 8877.60 25557.91 17375.86 40676.89 4 IT & Technology Services 13353.52 12679.04 11960.56 26032.56 23517.30 48453.32 5 Financial Services 4166.33 3971.01 3836.58 8137.34 7500.61 15193.95 6 Development Projects 1533.00 1249.28 1387.36 2782.28 2717.46 5389.07 7 Others 1612.00 1519.22 1792.51 3131.22 3290.00 7816.40 Total 68734.65 64279.59 62382.85 133014.24 118028.64 259025.01 Less: Inter-segment revenue 751.12 600.67 828.27 1351.79 1354.24 3290.56 Net segment revenue 67983.53 63678.92 61554.58 131662.45 116674.40 255734.45 Segment results 1 Infrastructure Projects 1637.52 1273.27 1550.19 2910.79", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "e \nLARSEN & TOUBRO LIMITED \nRegistered Office: L&T House, Ballard Estate, Mumbai 400 001 \n-", "subsection": "Add: Exceptional items \n-\n-\n-\n-\n-\n474.78 \nProfit before tax \n6336.11 \n5859.53 \n5555.09 \n12195.64 \n10231.74 \n23578.79", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "de42a1313e341581"}, {"chunk_id": "f8c83b4f7d11bf2d", "content": "62382.85 133014.24 118028.64 259025.01 Less: Inter-segment revenue 751.12 600.67 828.27 1351.79 1354.24 3290.56 Net segment revenue 67983.53 63678.92 61554.58 131662.45 116674.40 255734.45 Segment results 1 Infrastructure Projects 1637.52 1273.27 1550.19 2910.79 2750.28 6921.45 3 Hi-Tech Manufacturing 345.15 429.35 209.69 774.50 476.60 1459.05 2 Energy Projects 886.32 853.40 719.84 1739.72 1398.96 3178.23 5 Financial Services 988.89 943.21 939.53 1932.10 1861.85 3491.31 4 IT & Technology Services 2210.84 2045.33 2079.82 4256.17 3991.28 7682.15 7 Others 409.92 424.22 383.74 834.14 674.47 1934.81 Total 6565.59 6100.50 6007.91 12666.09 11415.84 25383.00 Less: Inter-segment margins on capital jobs 30.93 16.15 40.27 47.08 49.71 116.53 Less: Finance costs 762.81 781.61 884.38 1544.42 1745.74 3334.37 Add: Unallocable corporate income net of expenditure 564.26 556.79 471.83 1121.05 611.35 1171.91 Profit before exceptional items and tax 6336.11 5859.53 5555.09 12195.64 10231.74 23104.01 6 Development Projects 86.95 131.72 125.10 218.67 262.40 716.00 Add: Exceptional items - - - - - 474.78 Profit before tax 6336.11 5859.53 5555.09 12195.64 10231.74 23578.79 Segment assets 1 Infrastructure Projects 97175.88 100391.87 97183.24 3 Hi-Tech Manufacturing 15565.27 12163.40 13342.07 2 Energy Projects 32038.75 27157.65 29342.12 5 Financial Services 125478.81 109950.13 118627.16 4 IT & Technology Services 51141.10 45073.69 49124.05 7 Others 17211.74 15585.63 16312.18 Total segment assets 363798.33 335380.01 349055.94 Less: Inter-segment assets 5886.78 4787.41 4779.99 Add: Unallocable corporate assets 33191.07 26716.51 35248.15 Total assets 391102.62 357309.11 379524.10 6 Development Projects 25186.78 25057.64 25125.12 1 Infrastructure Projects 69254.35 72897.62 72180.50 3 Hi-Tech Manufacturing", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "e \nLARSEN & TOUBRO LIMITED \nRegistered Office: L&T House, Ballard Estate, Mumbai 400 001 \n-", "subsection": "Add: Exceptional items \n-\n-\n-\n-\n-\n474.78 \nProfit before tax \n6336.11 \n5859.53 \n5555.09 \n12195.64 \n10231.74 \n23578.79", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "de42a1313e341581"}, {"chunk_id": "b08a68e177b5a309", "content": "33191.07 26716.51 35248.15 Total assets 391102.62 357309.11 379524.10 6 Development Projects 25186.78 25057.64 25125.12 1 Infrastructure Projects 69254.35 72897.62 72180.50 3 Hi-Tech Manufacturing 11247.27 9298.77 11092.07 2 Energy Projects 32931.01 22279.88 27064.51 4 IT & Technology Services 12762.49 10549.04 11420.88 5 Financial Services 100779.31 87430.23 94750.56 6 Development Projects 6546.43 6988.85 6858.74 7 Others 8280.43 7677.79 7649.17 Total segment liabilities 241801.29 217122.18 231016.43 Less: Inter-segment liabilities 5886.78 4787.41 4779.99 Add: Unallocable corporate liabilities 35380.98 38993.35 37883.98 Total liabilities 271295.49 251328.12 264120.42 Notes: (I) The Group has reported segment information as per Ind AS 108 \"Operating Segments\". The identification of operating segments is consistent with performance assessment and resource allocation by the management.", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "e \nLARSEN & TOUBRO LIMITED \nRegistered Office: L&T House, Ballard Estate, Mumbai 400 001 \n-", "subsection": "Add: Exceptional items \n-\n-\n-\n-\n-\n474.78 \nProfit before tax \n6336.11 \n5859.53 \n5555.09 \n12195.64 \n10231.74 \n23578.79", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "de42a1313e341581"}, {"chunk_id": "beb289f2905ce4cd", "content": "(II) The Segment composition: Infrastructure Projects segment comprises engineering and construction of (a) building and factories, (b) transportation infrastructure, (c) heavy civil infrastructure, (d) power transmission & distribution, (e) renewables, (f) water & effluent treatment and (g) minerals and metals. Energy Projects segment comprises of (a) Hydrocarbon Onshore and Offshore businesses covering EPC solutions in oil & gas, refineries, petrochemicals & offshore wind energy sectors, from front-end design through detailed engineering, modular fabrication, procurement, project management, construction, installation and commissioning, (b) CarbonLite Solutions business covering BTG scope for power generation plants including associated systems and/or carbon capture utilisation & utility packages and (c) EPC solutions in clean energy space. Hi-Tech Manufacturing segment comprises design, manufacture/construct, supply and revamp/retrofit of (a) custom designed, engineered critical equipment & systems to the process plant, nuclear energy and green hydrogen sectors, (b) marine and land platforms including related equipment & systems; aerospace products & systems; precision and electronic products & systems for the defence, security, space and industrial sectors and (c) electrolysers.", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "e \nLARSEN & TOUBRO LIMITED \nRegistered Office: L&T House, Ballard Estate, Mumbai 400 001 \n-", "subsection": "Add: Exceptional items \n-\n-\n-\n-\n-\n474.78 \nProfit before tax \n6336.11 \n5859.53 \n5555.09 \n12195.64 \n10231.74 \n23578.79", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8dd1968b2f587731"}, {"chunk_id": "795bec1c9668c940", "content": "sectors and (c) electrolysers. IT & Technology Services segment comprises (a) information technology and integrated engineering services (Including smart infrastructure & communication_ projects), (b) e-commerce/digital platforms, cloud services & data centres and (c) semiconductor chip design. Financial Services segment primarily comprises retail finance. Development Projects segment comprises (a) development, operation and maintenance of metro project, including transit oriented development, (b) toll roads (upto the date of divestment) and (c) power generation & development - (i) thermal power and (ii) green energy. Others segment includes (a) realty, (b) Construction Equipment & Industrial Product Design Development comprising of (i) manufacture and sale of industrial valves, (ii) manufacture (upto the date of sale), marketing and servicing of construction equipment, mining machinery and parts thereof, (iii) manufacture and sale of components of construction equipment and (iv) manufacture and sale of rubber processing machinery. (Ill) Segment revenue comprises sales and operational income allocable specifically to a segment and includes in the case of Development Projects and Realty business (grouped under \"Others\" segment) profits on sale of business undertaking/stake in the subsidiary and/or joint venture companies in those segments. Segment result represents profit before interest and tax.", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "e \nLARSEN & TOUBRO LIMITED \nRegistered Office: L&T House, Ballard Estate, Mumbai 400 001 \n-", "subsection": "Add: Exceptional items \n-\n-\n-\n-\n-\n474.78 \nProfit before tax \n6336.11 \n5859.53 \n5555.09 \n12195.64 \n10231.74 \n23578.79", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8dd1968b2f587731"}, {"chunk_id": "ff99dc1caeff2fa8", "content": "segment) profits on sale of business undertaking/stake in the subsidiary and/or joint venture companies in those segments. Segment result represents profit before interest and tax. Unallocable corporate income includes majorly interest income, dividends and investment related gains. Unallocable expenditure includes majorly corporate expenses not allocated to segments. Unallocable corporate assets comprise majorly investments. Investment in joint ventures and associates identified with a particular segment are reported as part of the segment assets of those respective segments. Unallocable corporate liabilities comprise majorly borrowings. In respect of (a) Financial Services segment and (b) Development Projects segment relating to a power generation asset given on finance lease, segment liabilities include borrowings as finance costs on the borrowings are accounted as segment expense. (IV) In respect of segments of the Group, revenue and margin do not accrue uniformly during the year. (V) Figures for the previous periods have been regrouped/reclassified to conform to the classification of the current periods.", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "e \nLARSEN & TOUBRO LIMITED \nRegistered Office: L&T House, Ballard Estate, Mumbai 400 001 \n-", "subsection": "Add: Exceptional items \n-\n-\n-\n-\n-\n474.78 \nProfit before tax \n6336.11 \n5859.53 \n5555.09 \n12195.64 \n10231.74 \n23578.79", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8dd1968b2f587731"}, {"chunk_id": "c80c1ad6b4cff90c", "content": "MSKA & Associates HO Chartered Accountants 602, Floor 6, Raheja Titanium Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (EJ Mumbai 400063, IHDIA Tel: +91 22 6974 0200 Independent Auditor's Review Report on unaudited Consolidated financial results of Larsen & Toubro Limited for the quarter and year-to date pursuant to Regulation 33 and Regulation 52 of the SEBI (Usting Obligations and Disclosure Requirements) Regulations, 2015, as amended. To The Board of Directors of Larsen & Toubro Limited 1. We have reviewed the accompanying statement of unaudited consolidated financial results of Larsen a Toubro Limited (hereinafter referred to as 'the Holding Company'), its subsidiaries, (the Holding Company and its subsidiaries together referred to as the 'Group') and its share of the net loss after tax and total comprehensive loss of its associates and joint ventures for the quarter ended September 30, 2025 and the year-to-date results for the period from April 01, 2025 to September 30, 2025 ('the Statement'), which includes 36 joint operations of the Group consolidated on a proportionate basis, attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 and Regulation 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('the Regulations'), 2.", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "MSKA & Associates \nHO \nChartered Accountants \n602, Floor 6, Raheja Titanium \nWestern Express Highway, Geetanjali \nRailway Colony, Ram Nagar, Goregaon (EJ \nMumbai 400063, IHDIA", "subsection": "5. \nBased on our review conducted and procedures performed as stated in paragraph 3 above and based on \nthe consideration of the review reports of the other auditors referred to in paragraph 6 to 9 below, nothing \nhas come to our attention that causes us to believe that the accompanying Statement, prepared in \naccordance with the recognition and measurement principles laid down in Ind AS 34 and other recognised \naccounting principles generally accepted in India, has not disclosed the information required to be \ndisclosed in terms of the Regulations, including the manner in which it is to be disclosed, or that it contains \nany material misstatement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "236f5cfa7e7ec7ad"}, {"chunk_id": "3cf2d53f3084da1d", "content": "the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('the Regulations'), 2. This Statement, which is the responsibility of the Holding Company's Management and has been approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 'Interim Financial Reporting', prescribed under Section 133 of the Companies Act, 2013 ('the Act'), read with relevant rules issued thereunder ('Ind AS 34') and other recognised accounting principles generally accepted in India and is in compliance with the Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity' issued by the Institute of Chartered Accountants of India ('ICAI'). A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Act and", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "MSKA & Associates \nHO \nChartered Accountants \n602, Floor 6, Raheja Titanium \nWestern Express Highway, Geetanjali \nRailway Colony, Ram Nagar, Goregaon (EJ \nMumbai 400063, IHDIA", "subsection": "5. \nBased on our review conducted and procedures performed as stated in paragraph 3 above and based on \nthe consideration of the review reports of the other auditors referred to in paragraph 6 to 9 below, nothing \nhas come to our attention that causes us to believe that the accompanying Statement, prepared in \naccordance with the recognition and measurement principles laid down in Ind AS 34 and other recognised \naccounting principles generally accepted in India, has not disclosed the information required to be \ndisclosed in terms of the Regulations, including the manner in which it is to be disclosed, or that it contains \nany material misstatement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "236f5cfa7e7ec7ad"}, {"chunk_id": "7a45ce6b440e5d1c", "content": "applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Act and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33 (8) of the Regulations, to the extent applicable. 4. This Statement includes the results of the Holding Company and interim financial information of the entities listed in Annexure A. 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 6 to 9 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34 and other recognised accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. ~ndigMh I Chennai I Coimbatore I Goa", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "MSKA & Associates \nHO \nChartered Accountants \n602, Floor 6, Raheja Titanium \nWestern Express Highway, Geetanjali \nRailway Colony, Ram Nagar, Goregaon (EJ \nMumbai 400063, IHDIA", "subsection": "5. \nBased on our review conducted and procedures performed as stated in paragraph 3 above and based on \nthe consideration of the review reports of the other auditors referred to in paragraph 6 to 9 below, nothing \nhas come to our attention that causes us to believe that the accompanying Statement, prepared in \naccordance with the recognition and measurement principles laid down in Ind AS 34 and other recognised \naccounting principles generally accepted in India, has not disclosed the information required to be \ndisclosed in terms of the Regulations, including the manner in which it is to be disclosed, or that it contains \nany material misstatement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "236f5cfa7e7ec7ad"}, {"chunk_id": "2153988a70785978", "content": "disclosed in terms of the Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. ~ndigMh I Chennai I Coimbatore I Goa I Gurugram I Hyderabad I Koclii I Kolkata I Mumbai I Pune www.mska.in 6. We did not review the interim financial information of 5 joint operations included in the Statement, whose financial information reflects total assets of Rs. 3,309.10 crore as at September 30, 2025, total revenues of Rs. 202.13 crore and Rs. 649.54 crore, total net loss after tax of Rs. 160.58 crore and Rs. 351.69 crore and total comprehensive loss of Rs. 160.58 crore and Rs. 351.69 crore for the quarter ended September 30, 2025 and for the period from April 01, 2025 to September 30, 2025 respectively and net cash outflow of Rs. 37.19 crore for the period from April 01, 2025 to September 30, 2025, as considered in the respective unaudited standalone interim financial information of the joint operations included in the Group. The interim financial information of these joint operations has been reviewed by the other auditors whose reports have been furnished to us by the Management of the Holding Company, and our conclusion in so far as it relates to the amounts and disclosures included in respect of these joint operations, is based solely on the reports of such other auditors and the procedures performed by us as stated in paragraph 3 above.", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "MSKA & Associates \nHO \nChartered Accountants \n602, Floor 6, Raheja Titanium \nWestern Express Highway, Geetanjali \nRailway Colony, Ram Nagar, Goregaon (EJ \nMumbai 400063, IHDIA", "subsection": "5. \nBased on our review conducted and procedures performed as stated in paragraph 3 above and based on \nthe consideration of the review reports of the other auditors referred to in paragraph 6 to 9 below, nothing \nhas come to our attention that causes us to believe that the accompanying Statement, prepared in \naccordance with the recognition and measurement principles laid down in Ind AS 34 and other recognised \naccounting principles generally accepted in India, has not disclosed the information required to be \ndisclosed in terms of the Regulations, including the manner in which it is to be disclosed, or that it contains \nany material misstatement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "236f5cfa7e7ec7ad"}, {"chunk_id": "5b652e0dcee9d18d", "content": "solely on the reports of such other auditors and the procedures performed by us as stated in paragraph 3 above. Our conclusion is not modified in respect of the above matter with respect to our reliance on the work done by and reports of the other auditors. 7. We did not review the interim financial information of 43 subsidiaries included in the Statement, whose interim financial information reflects total assets of Rs. 2,29,048.18 crore as at September 30, 2025, total revenues of Rs. 32,131.51 crore and Rs. 62,014.56 crore, total net profit after tax of Rs. 2,628.20 crore and Rs. 5,207.30 crore and total comprehensive income of Rs. 1,892.41 crore and Rs. 5,069.06 crore, for the quarter ended September 30, 2025 and for the period from April 01, 2025 to September 30, 2025 respectively and net cash outflow of Rs. 2,120.45 crore for the period from April 01, 2025 to September 30, 2025, as considered in the Statement. The Statement also includes the Group's share of net profit/(loss) after tax of Rs. 0.27 crore and Rs. (5.35) crore and total comprehensive loss of Rs. 0.26 crore and Rs. 4.28 crore for the quarter ended September 30, 2025 and for the period from April 01, 2025 to September 30, 2025 respectively, as considered in the Statement, in respect of 2 joint ventures, whose interim financial information has not been reviewed by us. These interim financial information has been", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "MSKA & Associates \nHO \nChartered Accountants \n602, Floor 6, Raheja Titanium \nWestern Express Highway, Geetanjali \nRailway Colony, Ram Nagar, Goregaon (EJ \nMumbai 400063, IHDIA", "subsection": "5. \nBased on our review conducted and procedures performed as stated in paragraph 3 above and based on \nthe consideration of the review reports of the other auditors referred to in paragraph 6 to 9 below, nothing \nhas come to our attention that causes us to believe that the accompanying Statement, prepared in \naccordance with the recognition and measurement principles laid down in Ind AS 34 and other recognised \naccounting principles generally accepted in India, has not disclosed the information required to be \ndisclosed in terms of the Regulations, including the manner in which it is to be disclosed, or that it contains \nany material misstatement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "236f5cfa7e7ec7ad"}, {"chunk_id": "01c28d9218069845", "content": "September 30, 2025 respectively, as considered in the Statement, in respect of 2 joint ventures, whose interim financial information has not been reviewed by us. These interim financial information has been reviewed by other auditors whose reports have been furnished to us by the Management of the Holding Company and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries and joint ventures, is based solely on the report of the other auditors and the procedures performed by us as stated in paragraph 3 above. Our conclusion is not modified in respect of the above matter with respect to our reliance on the work done by and report of the other auditors.", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "MSKA & Associates \nHO \nChartered Accountants \n602, Floor 6, Raheja Titanium \nWestern Express Highway, Geetanjali \nRailway Colony, Ram Nagar, Goregaon (EJ \nMumbai 400063, IHDIA", "subsection": "5. \nBased on our review conducted and procedures performed as stated in paragraph 3 above and based on \nthe consideration of the review reports of the other auditors referred to in paragraph 6 to 9 below, nothing \nhas come to our attention that causes us to believe that the accompanying Statement, prepared in \naccordance with the recognition and measurement principles laid down in Ind AS 34 and other recognised \naccounting principles generally accepted in India, has not disclosed the information required to be \ndisclosed in terms of the Regulations, including the manner in which it is to be disclosed, or that it contains \nany material misstatement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "236f5cfa7e7ec7ad"}, {"chunk_id": "d07e15cee8759692", "content": "8. The Statement includes the interim financial information of 38 subsidiaries which have not been reviewed by their auditors, whose interim financial information reflects total assets of Rs. 6,595.95 crore as at September 30, 2025, total revenues of Rs. 310.02 crore and Rs. 510.12 crore, total net loss after tax of Rs. 1.66 crore and Rs. 36.97 crore and total comprehensive profit/(loss) of Rs. 0.12 crore and Rs. (36.57) crore for the quarter ended September 30, 2025 and for the period from April 01, 2025 to September 30, 2025 respectively and net cash outflow of Rs. 23.09 crore for the period from April 01, 2025 to September 30, 2025, as considered in the Statement. The Statement also includes the Group's share of net profit/ (loss) after tax of Rs. (1.02) crore and Rs. 9.31 crore and total comprehensive income/ (loss) of Rs. (1.37) crore Rs. 9.69 crore for the quarter ended September 30, 2025 and for the period from April 01, 2025 to September 30, 2025 respectively, as considered in the Statement, in respect of 5 associates and 8 joint ventures, based on their interim financial information which has not been reviewed by their auditors. The aforesaid interim financial information has been furnished to us by the Management of the Holding Company and our conclusion on the Statement in so far as it relates to the amounts and disclosures", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "MSKA & Associates \nHO \nChartered Accountants \n602, Floor 6, Raheja Titanium \nWestern Express Highway, Geetanjali \nRailway Colony, Ram Nagar, Goregaon (EJ \nMumbai 400063, IHDIA", "subsection": "IC \nFirm R~ \nNo.105047WJi,~~!<L", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "72772789969b3f87"}, {"chunk_id": "75a77354327484fe", "content": "The aforesaid interim financial information has been furnished to us by the Management of the Holding Company and our conclusion on the Statement in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, associates and joint ventures is based solely on such Titanium, Western Express Highway, Geetanjali Railway Colony, Ram Hagar, Goregaon (E:), Mumbai 400063, INDIA, Tel: +91 22 6974 □200 andigarh I Chenna1 I Coimbatore I Goa I Guru gram I Hyderabad I Kochi I Kolkata I Mumbai I Pune www .mska.1n management prepared unaudited interim financial information. According to the information and explanations given to us by the Management of the Holding Company, the aforesaid interim financial information is not material to the Group. Our conclusion is not modified in respect of the above matter with respect to our reliance on the financial information certified by the Management. 9. The Statement includes the interim financial information of 31 joint operations which has not been reviewed by other auditors, whose interim financial information reflects total assets of Rs. 770.49 crore as at September 30, 2025, total revenues of Rs. 67.63 crore and Rs. 189.51 crore, total net profit after tax of Rs. 11.11 crore and Rs. 10.65 crore and total comprehensive income of Rs. 11.11 crore and Rs. 10.65 crore for the quarter ended September 30, 2025 and for the period from April 01, 2025 to September", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "MSKA & Associates \nHO \nChartered Accountants \n602, Floor 6, Raheja Titanium \nWestern Express Highway, Geetanjali \nRailway Colony, Ram Nagar, Goregaon (EJ \nMumbai 400063, IHDIA", "subsection": "IC \nFirm R~ \nNo.105047WJi,~~!<L", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "72772789969b3f87"}, {"chunk_id": "e1d8297dd192c6a9", "content": "tax of Rs. 11.11 crore and Rs. 10.65 crore and total comprehensive income of Rs. 11.11 crore and Rs. 10.65 crore for the quarter ended September 30, 2025 and for the period from April 01, 2025 to September 30, 2025 respectively and net cash outflow of Rs. 92.43 crore for the period from April 01, 2025 to September 30, 2025, as considered in the Statement. Our conclusion in so far as it relates to the amounts and disclosures included in respect of these joint operations, is based solely on the interim financial information as furnished by the Management of the Holding Company. According to the information and explanations given to us by the Management of the Holding Company, the aforesaid interim financial information of these joint operations is not material to the Group. Our conclusion is not modified in respect of the above matter with respect to our reliance on the financial information certified by the Management. 10. The unaudited consolidated financial results of the Company for the quarter ended September 30, 2024 and for the period from April 01, 2024 to September 30, 2024 and for the year ended March 31, 2025 was reviewed/audited jointly with predecessor joint auditor. Our conclusion is not modified in respect of the above matter. For M S K A & Associates Chartered Accountants IC Firm R~ No.105047WJi,~~!<L", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "MSKA & Associates \nHO \nChartered Accountants \n602, Floor 6, Raheja Titanium \nWestern Express Highway, Geetanjali \nRailway Colony, Ram Nagar, Goregaon (EJ \nMumbai 400063, IHDIA", "subsection": "IC \nFirm R~ \nNo.105047WJi,~~!<L", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "72772789969b3f87"}, {"chunk_id": "c495dd343bfd4a22", "content": "UDIN: )-51 ~ ?))-, 1---'3 NO K \\,J y .2--23 5 Place: Mumbai Date: October 29, 2025 Head Office: 602, Floor 6, Raheja Titanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDIA, Tel: -,.91 22 6974 0200 Ahmedabad I Ben~aluru I Chandigarh I Chennai I Coimbatore I Goa I Gurugram I Hyderabad I Kochi I Kolkata I Mumbai I Pune www mska,jn Sr. Name of Entities No Parent I Holding Company Larsen & Toubro Limited Subsidiaries 1 Hi-Tech Rock Products and Aggregates Limited 2 L&T Geostructure Private Limited 3 Larsen & Toubro (East Asia) Sdn. Bhd.", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "UDIN: )-51 ~ ?))-, 1---'3 NO K \\,J y .2--23 5", "subsection": "IC \nFirm R~ \nNo.105047WJi,~~!<L", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1921d89b812cf500"}, {"chunk_id": "600cc6d34a1252a2", "content": "4 Larsen a Toubro CIS Foreign Enterprise LLC 5 Larsen & Toubro (Oman) LLC 6 Larsen &: Toubro Qatar LLca 7 Larsen & Toubro Kuwait Construction General Contracting Co., W.L.L. 8 Larsen &. Toubro Saudi Arabia LLC 9 Larsen and Toubro T&D SA Proprietary Limited 10 PT Larsen and Toubro 12 UH Hydrocarbon Saudi Company 11 L&T Construction Equipment Limited 13 L&.T Modular Fabrication Yard LLC 14 Larsen & Toubro Electromech LLC 15 Larsen & Toubro Heavy Engineering LLCa 16 Larsen Toubro Arabia LLC 17 Ui.T Energy Green Tech Limited 18 LE'tT Electrolysers Limited 19 L TIMindtree Limited 20 LTIMindtree (Thailand) Limited 21 LTIMindtree Canada Limited 22 LTIMindtree Consulting Brazil Ltda 23 LTIMindtree Financial Services Technologies Inc. 26 LTIMindtree Middle East FZ-LLC 27 LTtMindtree Norge AS 25 LTIMindtree Information Technology Services (Shanghai) Co. Ltd. 28 LTIMindtree PSF S.A. 29 LTIMindtree South Africa (Pty) limited 30 L TIMindtree Spain s. L. 31 LTIMindtree Switzerland AG 32 LTIMindtree UK Limited 33 L TIMindtree USA Inc.", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "4 \nLarsen a Toubro CIS Foreign Enterprise LLC", "subsection": "30 \nL TIMindtree Spain s. L.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ce38e51f784cb064"}, {"chunk_id": "fdee4ba7db4b52ab", "content": "• 1, ~ •?~ ~~- 0~4:rtiR. 1' itanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDIA, Tel: +91 n 697 I B ~ _ ..,. :. ~randigarh ) Chennai I Coimbatore I Goa I Gurugram I Hyderabad I Kochi I Kolkata I Mumbai I Punc Head Office: 6 Ahmedabad Sr. Name of Entities No 37 Syncordis Limited, LJKd 36 Nielsen+Partner Pte. ltd. 38 L&T Technology Services Limited 39 Graphene Solutions SDN.BHD. 40 Graphene Solutions Taiwan Limited 41 L&T Thales Technology Services Private Limited 42 L&T Technology Services (Canada) limited 43 L&T Technology Services (Shanghai) Co. Ltd. 44 L&T Technology Services LLC 45 L&T Technology Services Poland sp6lka z ograniczonij odpowiedzialnosciq 46 L&T Technology Services Pte. Ltd. 47 lntelliswift Software Inc 48 lntelliswift Software (India) Private Limited 49 lntelliswift Software (Hungary) Limited Liability Company 50 lntelliswift Software (Costa Rica) Limitada 51 lntelliswift Software (Canada) Inc. 52 Global lnfotech Corporation 53 P. Murphy & Associates, Inc. 54 UH Semiconductor Technologies Limited 55 Siliconch Systems Private Limited 56 UH Finance Limited 57 L&T Financial Consultants Limited 58 L&T Infra Investment Partners 59 U:tT Infra Investment Partners Advisory Private Limited 60 L&T Infra Investment Partners Trustee Private Limited 61 L&T Metro Rail (Hyderabad) limited 62 L&T Power Development Limited 63 LEH Himachal Hydropower Limited 64 Nabha Power Limited 65", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 22, "section": "• 1, \n~ \n•?~ \n~~-\n0~4:rtiR. 1' \nitanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDIA, Tel: +91 n 697 \nI B ~ _ ..,. :. \n~randigarh ) Chennai I Coimbatore I Goa \nI Gurugram I Hyderabad I Kochi \nI Kolkata I Mumbai \nI Punc", "subsection": "30 \nL TIMindtree Spain s. L.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0d80912b677a2138"}, {"chunk_id": "08d51f8956a2c44b", "content": "60 L&T Infra Investment Partners Trustee Private Limited 61 L&T Metro Rail (Hyderabad) limited 62 L&T Power Development Limited 63 LEH Himachal Hydropower Limited 64 Nabha Power Limited 65 Bangalore Galaxy Techpark Private Limited 66 Business Park (Powai) Private Limited 68 Chennai Vision Developers Private Limited 67 Chennai Nova Techpark Private limited 69 Corporate Park (Powai) Private Limited 70 Elevated Avenue Realty LLP (Formerly known as L&.T Avenue Realty LLP) 71 Elante Properties Private limited (Formerly known as UH Pare{ Project Private Limited) 72 l&.T Realty Developers Limited 73 L&.T Realty Properties Limited (Formerly known as LftT Seawoods limited) 74 LEH Westend Project LLP 11em«1~i;u,,..;ia Chandigarh I Chennai I Coimbatore I Goa I Gurugram I Hyderabad I Kechi I Kolkata I Mumbai I Pune www.mska,jn a Titanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 4()(J(]63, INDIA, Tel: +91 Z2 6974 0200 LH Residential Housing Private Limited Millennium Techpark (Chennai) Private Limited LH Uttarayan Premium Realty Private Limited Prime Techpark (Chennai) Limited L&T Valves Arabia Manufacturing LLC Bhilai Power Supply Company Limited L&T Aviation Services Private Limited L&T Capital Company Limited Larsen & Toubro International FZE L&T Global Holdings Limited L&T Network Services Private Limited L&T Special Steels and Heavy Forgings Private Limited Panipat Green Hydrogen Private Limitedc", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 22, "section": "• 1, \n~ \n•?~ \n~~-\n0~4:rtiR. 1' \nitanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDIA, Tel: +91 n 697 \nI B ~ _ ..,. :. \n~randigarh ) Chennai I Coimbatore I Goa \nI Gurugram I Hyderabad I Kochi \nI Kolkata I Mumbai \nI Punc", "subsection": "30 \nL TIMindtree Spain s. L.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0d80912b677a2138"}, {"chunk_id": "b7ab77ed4f52078a", "content": "Larsen & Toubro International FZE L&T Global Holdings Limited L&T Network Services Private Limited L&T Special Steels and Heavy Forgings Private Limited Panipat Green Hydrogen Private Limitedc L&T Green Energy Kandla Private Limitedb LTIM Aramco Digital Solutions for Information Technology Company (w.e.f. July 16, 2025) Gujarat Leather Industries Limiteda L&T Camp Facilities LLC\" Larsen & Toubro Qatar & HBK Contracting Co. WLL• Magtorq Private Limited L&T-MHI Power Boilers Private Limited L&T-MHI Power Turbine Generators Private Limited L&T-Sargent & Lundy Limited Lft.T Howden Private Limited L&T Sapura Shipping Private Limited Lft.T MBDA Missile Systems Limited GH41ndia Private Limited Raykal Aluminium Company Private Limited lndiran Engineering Projects and Systems Kish PJSC Hydrocarbon Arabia Limited Company LTIM Aramco Digital Solutions for Information Technology Company (upto July 15, 2025) Aktor- Larsen ft Toubro-Yapi Merkezi-STFA-Al Jaber Engineering Joint Venture Head Office· Ahmedabad anium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDIA, Tel: •91 Z2 6974 0200 1digarh I Chennai I Coimbatore I Goa I Gurugram I Hyderabad I Kochi I Kolkata I Mumbai I Pune www mska jn Sr. Name of Entities No 2 Al Balagh Trading & Contracting Co W.L.L- L&T Joint Venture 3 Besix - Larsen & Toubro Joint Venture 4 Civil Works Joint Venture 5 DAEWOO and UH Joint Venture 6 Des build L& T Joint Venture 7", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 22, "section": "• 1, \n~ \n•?~ \n~~-\n0~4:rtiR. 1' \nitanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDIA, Tel: +91 n 697 \nI B ~ _ ..,. :. \n~randigarh ) Chennai I Coimbatore I Goa \nI Gurugram I Hyderabad I Kochi \nI Kolkata I Mumbai \nI Punc", "subsection": "30 \nL TIMindtree Spain s. L.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0d80912b677a2138"}, {"chunk_id": "5eed10d35bfd0998", "content": "No 2 Al Balagh Trading & Contracting Co W.L.L- L&T Joint Venture 3 Besix - Larsen & Toubro Joint Venture 4 Civil Works Joint Venture 5 DAEWOO and UH Joint Venture 6 Des build L& T Joint Venture 7 HCC - lf:t:T Purulia Joint Venture 8 International Metro Civil Contractors Joint Venture 9 L&T - AM Tapovan Joint Venture 10 L&T - Hochtief Seabird Joint Venture 11 L& T - PCIPL JV 12 L& T - Powerchina JV 13 L& T - Tecton JV 14 L&T- lnabensa JV 15 L&T- ISDPL JV 16 L&T·AL-Sraiya LRDP 6 Joint Venture 17 Ui:T-Delma MafraQ Joint Venture 18 L&T-IHI Consortium 19 UH-Shanghai Urban Construction (Group) Corporation Joint Venture 20 L& T-Shanghai Urban Construction (Group) Corporation Joint Venture CC27 Delhi 21 L&.T-STEC JV Mumbai 22 Larsen & Toubro Limited & NCC Limited Joint Venture 23 Larsen & Toubro Ltd - Passavant EnenlV & Environment JV 24 Larsen and Toubro Limited-Scomi Engineering BHD Consortium-O&M Joint Venture 25 Larsen and Toubro Limited-Scomi Engineering BHD Consortium-Residual Joint Works Joint Venture 26 Larsen and Toubro Limited·Shapoorji Pallonji ft Co. Ltd. Joint Venture 27 Larsen and Toubro Shriram EPC JV 28 LTH Milcom Private Limited 29 Metro Tunneling Chennai-L&T Shanghai Urban Construction (Group) Corporation Joint Venture 30 Metro Tunneling Delhi-L&.T Shanghai Urban Construction (Group) Corporation Joint Venture 31 Metro Tunneling Group 33 Larsen & Toubro Ltd - Passavant Enernv &. Environment JVO&.M 34", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 22, "section": "• 1, \n~ \n•?~ \n~~-\n0~4:rtiR. 1' \nitanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDIA, Tel: +91 n 697 \nI B ~ _ ..,. :. \n~randigarh ) Chennai I Coimbatore I Goa \nI Gurugram I Hyderabad I Kochi \nI Kolkata I Mumbai \nI Punc", "subsection": "30 \nL TIMindtree Spain s. L.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0d80912b677a2138"}, {"chunk_id": "11fca7c727d01cb4", "content": "30 Metro Tunneling Delhi-L&.T Shanghai Urban Construction (Group) Corporation Joint Venture 31 Metro Tunneling Group 33 Larsen & Toubro Ltd - Passavant Enernv &. Environment JVO&.M 34 Ras Mohaisen Independent Water Projecte 35 Bauer - L& T Geo Joint Venture 36 Larsen Toubro Arabia LLC - Subsea Seven Saudi Company Ltd. Head Office: 602, Floor 6, Raheja Titanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDIA, Tel: +91 22 6974 0200 Ahmedabad I Bengaluru I Chandigarh I Chennai I Coimbatore I Goa I Gurugram I Hyderabad I Kochi I Kolkata I Mumbai I Pune www.mska.jn Symbol Explanation to Symbol a The entities are in the process of liquidation. b Incorporated on April 4, 2025 C Incorporated on June 30, 2025 d Dissolved w.e.f. July 16, 2025 Head Office: 602, Floor 6, Raheja Titanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDIA, Tel: +91 22 6974 0200 Ahmedabad I Beng<Jluru I Chandigarh I Chennai I Coimbatore I Goa I Gurugram I Hyderabad I Kochi I Kolkata I Mumbai I Pune www.mska.in LARSEN & TOUBRO LIMITED Registered Office: L& T House, Ballard Estate, Mumbai 400 001 STATEMENT OF UNAUDITED STANDALONE FINANCIAL RES UL TS FOR THE QUARTER AND SIX MONTHS ENDED SEPTEMBER 30, 2025 GIN: L99999MH1946PLC004768 \\", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 22, "section": "• 1, \n~ \n•?~ \n~~-\n0~4:rtiR. 1' \nitanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDIA, Tel: +91 n 697 \nI B ~ _ ..,. :. \n~randigarh ) Chennai I Coimbatore I Goa \nI Gurugram I Hyderabad I Kochi \nI Kolkata I Mumbai \nI Punc", "subsection": "30 \nL TIMindtree Spain s. L.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0d80912b677a2138"}, {"chunk_id": "1df760ebecadff3d", "content": "Particulars September 30, June 30, September 30, September 30, September 30, March 31, 2025 2025 2024 2025 2024 2025 [Reviewed] [Reviewed] [Reviewed] [Reviewed] [Reviewed] [Audited] 1 Income: a) Revenue from operations 35115.74 33470.73 34918.91 68586.47 65196.06 142509,01 b) Other income(net) 1073.53 2606,00 831.30 3679.53 3277.51 5669.21 Total Income 36189.27 36076.73 35750.21 72266.00 68473.57 148178.22 2 Expenses: a) Manufacturing, construction and operating expenses: i) Cost of raw materials and components consumed 4246.47 4054.17 3661,89 8300.64 6067.90 15219.90 ii) Construction materials consumed 11182.17 10085.41 12316.09 21267.58 22225.71 45457.97 iii) Purchases of stock-in-trade 305,58 212.81 328.40 518.39 698,12 1409.90 iv) Stores, spares and loose tools consumed 626.66 601.69 762.73 1228.35 1456.62 3060.70 v) Sub-contracting charges 8975.98 8923.61 8354.32 17899,59 16500.83 35741.21 vi) Changes in inventories of finished goods, stock-in-trade and work-in-progress 156,94 (44.07) (255.34) 112.87 (189.39) 1089.23 vii) Other manufacturing, construction and operating expenses 3625.29 3580.74 3388.38 7206.03 6750.26 14676.41 b) Employee benefits expense 2887.75 2691.67 2559.42 5579.42 5061.11 10380.08 c) Sales, administration and other expenses 789.14 973.65 851.15 1762.79 1676.85 3885.36 d) Finance costs 476.23 474.12 583.12 950.35 1150.30 2195.46 e) Depreciation, amortisation, impairment and obsolescence 485,83 482.84 505.49 968.67 986.98 1963.02 Total Expenses 33758.04 32036.64 33055.65 65794.68 62385.29 135079.24 3 Profit before exceptional items and tax (1-2) 2431.23 4040.09 2694.56 6471.32 • 6088.28 13098.98 4 Exceptional items (5413.00) - (5413.00) - 474.78 5 Profit/(loss) before tax (3+4) (2981.77", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 24, "section": "• 1, \n~ \n•?~ \n~~-\n0~4:rtiR. 1' \nitanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDIA, Tel: +91 n 697 \nI B ~ _ ..,. :. \n~randigarh ) Chennai I Coimbatore I Goa \nI Gurugram I Hyderabad I Kochi \nI Kolkata I Mumbai \nI Punc", "subsection": "Particulars \nSeptember 30, \nJune 30, \nSeptember 30, \nSeptember 30, \nSeptember 30, \nMarch 31, \n2025 \n2025 \n2024 \n2025 \n2024 \n2025 \n[Reviewed] \n[Reviewed] \n[Reviewed] \n[Reviewed] \n[Reviewed] \n[Audited] \n1 \nIncome: \na) \nRevenue from operations \n35115.74 \n33470.73 \n34918.91 \n68586.47 \n65196.06 \n142509,01 \nb) \nOther income(net) \n1073.53 \n2606,00 \n831.30 \n3679.53 \n3277.51 \n5669.21 \nTotal Income \n36189.27 \n36076.73 \n35750.21 \n72266.00 \n68473.57 \n148178.22 \n2 \nExpenses: \na) \nManufacturing, construction and operating expenses: \ni) Cost of raw materials and components consumed \n4246.47 \n4054.17 \n3661,89 \n8300.64 \n6067.90 \n15219.90 \nii) Construction materials consumed \n11182.17 \n10085.41 \n12316.09 \n21267.58 \n22225.71 \n45457.97 \niii) Purchases of stock-in-trade \n305,58 \n212.81 \n328.40 \n518.39 \n698,12 \n1409.90 \niv) Stores, spares and loose tools consumed \n626.66 \n601.69 \n762.73 \n1228.35 \n1456.62 \n3060.70 \nv) Sub-contracting charges \n8975.98 \n8923.61 \n8354.32 \n17899,59 \n16500.83 \n35741.21 \nvi) Changes in inventories of finished goods, stock-in-trade and work-in-progress \n156,94 \n(44.07) \n(255.34) \n112.87 \n(189.39) \n1089.23 \nvii) Other manufacturing, construction and operating expenses \n3625.29 \n3580.74 \n3388.38 \n7206.03 \n6750.26 \n14676.41 \nb) \nEmployee benefits expense \n2887.75 \n2691.67 \n2559.42 \n5579.42 \n5061.11 \n10380.08 \nc) \nSales, administration and other expenses \n789.14 \n973.65 \n851.15 \n1762.79 \n1676.85 \n3885.36 \nd) \nFinance costs \n476.23 \n474.12 \n583.12 \n950.35 \n1150.30 \n2195.46 \ne) \nDepreciation, amortisation, impairment and obsolescence \n485,83 \n482.84 \n505.49 \n968.67 \n986.98 \n1963.02 \nTotal Expenses \n33758.04 \n32036.64 \n33055.65 \n65794.68 \n62385.29 \n135079.24 \n3 \nProfit before exceptional items and tax (1-2) \n2431.23 \n4040.09 \n2694.56 \n6471.32 • \n6088.28 \n13098.98 \n4 \nExceptional items \n(5413.00) \n-\n(5413.00) \n-\n474.78 \n5 \nProfit/(loss) before tax (3+4) \n(2981.77 \n4040.09 \n2694.56 \n1058.32 \n6088.28 \n13573.76 \n6 \nTax expense:", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "83b17beb384fa9bf"}, {"chunk_id": "5b79d4a869ffbd98", "content": "33055.65 65794.68 62385.29 135079.24 3 Profit before exceptional items and tax (1-2) 2431.23 4040.09 2694.56 6471.32 • 6088.28 13098.98 4 Exceptional items (5413.00) - (5413.00) - 474.78 5 Profit/(loss) before tax (3+4) (2981.77 4040.09 2694.56 1058.32 6088.28 13573.76 6 Tax expense: tCrore Quarter ended Six months ended Year ended a) Current tax 590.98 561.47 617.18 1152.45 1085.07 2849.97 b) Deferred tax 18.42 (6.68) 89.16 11.74 45.90 (146.93) Total tax expense 609.40 554.79 706.34 1164.19 1130.97 2703.04 7 Net profit/(loss) after tax (5-6) (3591.17 3485.30 1988.22 (105.87) 4957.31 10870.72 8 Other comprehensive income (OCI) a) i) Items that will not be reclassified to profit and loss (38.23) (79.92) (51.95) (118.15) (110.15) (266.31) ii) Income tax relating to items that will not be reclassified to profit and loss 9.63 20.11 13.06 29.74 27.71 67.02 b) i) Items that will be reclassified to profit and loss 346.34 802.96 508.29 1149.30 592.47 604.74 ii) Income tax relating to items that will be reclassified to profit and loss (124.80) (160.32) (124.29) (285.12) (142.80) (146,20) Other comprehensive income [net of lax] (a+b) 192.94 582.83 345.11 775.77 367.23 259.25 9 Total comprehensive income (7+8) (3398.23 4068.13 2333.33 669,90 5324.54 11129.97 10 Paid-up equity share capital (face value of share: , 2 each) 275.11 275.07 275.00 275.11 275.00 275.04 11 Other equity 71620.80 12 Earnings per equity share (EPS) (not annualised): (a) Basic EPS (<) (26.11) 25.34 14.46 (0.77) 36.06 79.06 (b) Diluted EPS (<) (26.11) 25.33 14.45 (0.77) 36.03 79.00", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 24, "section": "• 1, \n~ \n•?~ \n~~-\n0~4:rtiR. 1' \nitanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDIA, Tel: +91 n 697 \nI B ~ _ ..,. :. \n~randigarh ) Chennai I Coimbatore I Goa \nI Gurugram I Hyderabad I Kochi \nI Kolkata I Mumbai \nI Punc", "subsection": "Particulars \nSeptember 30, \nJune 30, \nSeptember 30, \nSeptember 30, \nSeptember 30, \nMarch 31, \n2025 \n2025 \n2024 \n2025 \n2024 \n2025 \n[Reviewed] \n[Reviewed] \n[Reviewed] \n[Reviewed] \n[Reviewed] \n[Audited] \n1 \nIncome: \na) \nRevenue from operations \n35115.74 \n33470.73 \n34918.91 \n68586.47 \n65196.06 \n142509,01 \nb) \nOther income(net) \n1073.53 \n2606,00 \n831.30 \n3679.53 \n3277.51 \n5669.21 \nTotal Income \n36189.27 \n36076.73 \n35750.21 \n72266.00 \n68473.57 \n148178.22 \n2 \nExpenses: \na) \nManufacturing, construction and operating expenses: \ni) Cost of raw materials and components consumed \n4246.47 \n4054.17 \n3661,89 \n8300.64 \n6067.90 \n15219.90 \nii) Construction materials consumed \n11182.17 \n10085.41 \n12316.09 \n21267.58 \n22225.71 \n45457.97 \niii) Purchases of stock-in-trade \n305,58 \n212.81 \n328.40 \n518.39 \n698,12 \n1409.90 \niv) Stores, spares and loose tools consumed \n626.66 \n601.69 \n762.73 \n1228.35 \n1456.62 \n3060.70 \nv) Sub-contracting charges \n8975.98 \n8923.61 \n8354.32 \n17899,59 \n16500.83 \n35741.21 \nvi) Changes in inventories of finished goods, stock-in-trade and work-in-progress \n156,94 \n(44.07) \n(255.34) \n112.87 \n(189.39) \n1089.23 \nvii) Other manufacturing, construction and operating expenses \n3625.29 \n3580.74 \n3388.38 \n7206.03 \n6750.26 \n14676.41 \nb) \nEmployee benefits expense \n2887.75 \n2691.67 \n2559.42 \n5579.42 \n5061.11 \n10380.08 \nc) \nSales, administration and other expenses \n789.14 \n973.65 \n851.15 \n1762.79 \n1676.85 \n3885.36 \nd) \nFinance costs \n476.23 \n474.12 \n583.12 \n950.35 \n1150.30 \n2195.46 \ne) \nDepreciation, amortisation, impairment and obsolescence \n485,83 \n482.84 \n505.49 \n968.67 \n986.98 \n1963.02 \nTotal Expenses \n33758.04 \n32036.64 \n33055.65 \n65794.68 \n62385.29 \n135079.24 \n3 \nProfit before exceptional items and tax (1-2) \n2431.23 \n4040.09 \n2694.56 \n6471.32 • \n6088.28 \n13098.98 \n4 \nExceptional items \n(5413.00) \n-\n(5413.00) \n-\n474.78 \n5 \nProfit/(loss) before tax (3+4) \n(2981.77 \n4040.09 \n2694.56 \n1058.32 \n6088.28 \n13573.76 \n6 \nTax expense:", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "83b17beb384fa9bf"}, {"chunk_id": "0a4d15359dae5eeb", "content": "275.11 275.07 275.00 275.11 275.00 275.04 11 Other equity 71620.80 12 Earnings per equity share (EPS) (not annualised): (a) Basic EPS (<) (26.11) 25.34 14.46 (0.77) 36.06 79.06 (b) Diluted EPS (<) (26.11) 25.33 14.45 (0.77) 36.03 79.00 (i) During the quarter, the Company has allotted 1,96,577 equity shares of, 2 each fully paid-up, on exercise of stock options by employees in accordance with the Company's stock option schemes. (ii) Exceptional items during the quarter ended September 30, 2025 represents impairment of equity investment in L&T Metro Rail (Hyderabad) Limited, a special purpose vehicle (SPV) consequent to an in-principle understanding for its divestment to the Government of Telangana at a mutually agreed value. The proposed transaction is subject to fulfilment of pre-conditions and other legal & statutory compliances. No deferred tax asset has been created on this impairment. (iii) Statement of Assets and Liabilities: As at September 30, March 31, 2025 2025 [Reviewed] ASSETS: Non-current assets Property, plant and equipment Capital work-in-progress Investment property Investment property under construction Goodwill Other intangible assets Intangible assets under development Right-of-use assets Financial assets: Investments Loans Other financial assets Deferred tax assets (net) Current tax assets (net) Other non-current assets Sub total - Non-current assets 8922.93 2003.31 1041.56 400.03 121.86 103.15 61.62 766.35 9155.12 1117.33 741.34 565.82 121.86 107.95 21.76 561.89 28205.67 764.85 896.30 1239.75 3807.83 1391.13 49726.34 32853.88 726.67 976.02 1544.69 3511.16 1838.30 53843.79", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 24, "section": "• 1, \n~ \n•?~ \n~~-\n0~4:rtiR. 1' \nitanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDIA, Tel: +91 n 697 \nI B ~ _ ..,. :. \n~randigarh ) Chennai I Coimbatore I Goa \nI Gurugram I Hyderabad I Kochi \nI Kolkata I Mumbai \nI Punc", "subsection": "Particulars \nSeptember 30, \nJune 30, \nSeptember 30, \nSeptember 30, \nSeptember 30, \nMarch 31, \n2025 \n2025 \n2024 \n2025 \n2024 \n2025 \n[Reviewed] \n[Reviewed] \n[Reviewed] \n[Reviewed] \n[Reviewed] \n[Audited] \n1 \nIncome: \na) \nRevenue from operations \n35115.74 \n33470.73 \n34918.91 \n68586.47 \n65196.06 \n142509,01 \nb) \nOther income(net) \n1073.53 \n2606,00 \n831.30 \n3679.53 \n3277.51 \n5669.21 \nTotal Income \n36189.27 \n36076.73 \n35750.21 \n72266.00 \n68473.57 \n148178.22 \n2 \nExpenses: \na) \nManufacturing, construction and operating expenses: \ni) Cost of raw materials and components consumed \n4246.47 \n4054.17 \n3661,89 \n8300.64 \n6067.90 \n15219.90 \nii) Construction materials consumed \n11182.17 \n10085.41 \n12316.09 \n21267.58 \n22225.71 \n45457.97 \niii) Purchases of stock-in-trade \n305,58 \n212.81 \n328.40 \n518.39 \n698,12 \n1409.90 \niv) Stores, spares and loose tools consumed \n626.66 \n601.69 \n762.73 \n1228.35 \n1456.62 \n3060.70 \nv) Sub-contracting charges \n8975.98 \n8923.61 \n8354.32 \n17899,59 \n16500.83 \n35741.21 \nvi) Changes in inventories of finished goods, stock-in-trade and work-in-progress \n156,94 \n(44.07) \n(255.34) \n112.87 \n(189.39) \n1089.23 \nvii) Other manufacturing, construction and operating expenses \n3625.29 \n3580.74 \n3388.38 \n7206.03 \n6750.26 \n14676.41 \nb) \nEmployee benefits expense \n2887.75 \n2691.67 \n2559.42 \n5579.42 \n5061.11 \n10380.08 \nc) \nSales, administration and other expenses \n789.14 \n973.65 \n851.15 \n1762.79 \n1676.85 \n3885.36 \nd) \nFinance costs \n476.23 \n474.12 \n583.12 \n950.35 \n1150.30 \n2195.46 \ne) \nDepreciation, amortisation, impairment and obsolescence \n485,83 \n482.84 \n505.49 \n968.67 \n986.98 \n1963.02 \nTotal Expenses \n33758.04 \n32036.64 \n33055.65 \n65794.68 \n62385.29 \n135079.24 \n3 \nProfit before exceptional items and tax (1-2) \n2431.23 \n4040.09 \n2694.56 \n6471.32 • \n6088.28 \n13098.98 \n4 \nExceptional items \n(5413.00) \n-\n(5413.00) \n-\n474.78 \n5 \nProfit/(loss) before tax (3+4) \n(2981.77 \n4040.09 \n2694.56 \n1058.32 \n6088.28 \n13573.76 \n6 \nTax expense:", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "83b17beb384fa9bf"}, {"chunk_id": "8b13cf2234866b2a", "content": "Other non-current assets Sub total - Non-current assets 8922.93 2003.31 1041.56 400.03 121.86 103.15 61.62 766.35 9155.12 1117.33 741.34 565.82 121.86 107.95 21.76 561.89 28205.67 764.85 896.30 1239.75 3807.83 1391.13 49726.34 32853.88 726.67 976.02 1544.69 3511.16 1838.30 53843.79 Current assets Inventories Financial assets: Investments Trade receivables Cash and cash equivalents Other bank balances Loans Other financial assets Other current assets Sub total - Current assets 22432.46 38233.63 3521.03 1112.27 521.55 4375.13 59518.18 133239.38 24788.29 38330.18 3583.55 763.06 635.02 3775.12 57141.13 132415.12 Group(s) of assets classified as held for sale EQUITY AND LIABILITIES: EQUITY Equity share capital Other equity 275.11 67650.02 67925.13 275.04 71620.80 71895.84 LIABILITIES Non-current liabilities Financial liabilities: Borrowings Lease liabilities 9786.70 309.10 204.04 773.69 23.47 11097.00 9286.00 198.19 143.07 765.72 18.47 10411.45 Other financial liabilities Provisions Other non-current liabilities Sub total - Non-current liabilities Current liabilities Financial liabilities: Borrowings Current maturities of long term borrowings Lease liabilities Trade payables: Due to micro enterprises and small enterprises Due to others Other financial liabilities Other current liabilities Provisions Current tax liabilities (net) Sub total - Current liabilities 4492.59 3512.40 240.95 3743.58 8905.30 162.18 1298.76 36206.48 3266.03 50504.09 2588.83 1958.36 104068.49 1170.16 37625.83 3450.20 44764.13 2398,23 1889.45 104109.06 TOTAL EQUITY AND LIABILITIES (iv) Additional disclosures as per Regulation 52(4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: Quarter ended Six months ended Year ended Sr.No. Particulars", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 24, "section": "• 1, \n~ \n•?~ \n~~-\n0~4:rtiR. 1' \nitanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDIA, Tel: +91 n 697 \nI B ~ _ ..,. :. \n~randigarh ) Chennai I Coimbatore I Goa \nI Gurugram I Hyderabad I Kochi \nI Kolkata I Mumbai \nI Punc", "subsection": "Particulars \nSeptember 30, \nJune 30, \nSeptember 30, \nSeptember 30, \nSeptember 30, \nMarch 31, \n2025 \n2025 \n2024 \n2025 \n2024 \n2025 \n[Reviewed] \n[Reviewed] \n[Reviewed] \n[Reviewed] \n[Reviewed] \n[Audited] \n1 \nIncome: \na) \nRevenue from operations \n35115.74 \n33470.73 \n34918.91 \n68586.47 \n65196.06 \n142509,01 \nb) \nOther income(net) \n1073.53 \n2606,00 \n831.30 \n3679.53 \n3277.51 \n5669.21 \nTotal Income \n36189.27 \n36076.73 \n35750.21 \n72266.00 \n68473.57 \n148178.22 \n2 \nExpenses: \na) \nManufacturing, construction and operating expenses: \ni) Cost of raw materials and components consumed \n4246.47 \n4054.17 \n3661,89 \n8300.64 \n6067.90 \n15219.90 \nii) Construction materials consumed \n11182.17 \n10085.41 \n12316.09 \n21267.58 \n22225.71 \n45457.97 \niii) Purchases of stock-in-trade \n305,58 \n212.81 \n328.40 \n518.39 \n698,12 \n1409.90 \niv) Stores, spares and loose tools consumed \n626.66 \n601.69 \n762.73 \n1228.35 \n1456.62 \n3060.70 \nv) Sub-contracting charges \n8975.98 \n8923.61 \n8354.32 \n17899,59 \n16500.83 \n35741.21 \nvi) Changes in inventories of finished goods, stock-in-trade and work-in-progress \n156,94 \n(44.07) \n(255.34) \n112.87 \n(189.39) \n1089.23 \nvii) Other manufacturing, construction and operating expenses \n3625.29 \n3580.74 \n3388.38 \n7206.03 \n6750.26 \n14676.41 \nb) \nEmployee benefits expense \n2887.75 \n2691.67 \n2559.42 \n5579.42 \n5061.11 \n10380.08 \nc) \nSales, administration and other expenses \n789.14 \n973.65 \n851.15 \n1762.79 \n1676.85 \n3885.36 \nd) \nFinance costs \n476.23 \n474.12 \n583.12 \n950.35 \n1150.30 \n2195.46 \ne) \nDepreciation, amortisation, impairment and obsolescence \n485,83 \n482.84 \n505.49 \n968.67 \n986.98 \n1963.02 \nTotal Expenses \n33758.04 \n32036.64 \n33055.65 \n65794.68 \n62385.29 \n135079.24 \n3 \nProfit before exceptional items and tax (1-2) \n2431.23 \n4040.09 \n2694.56 \n6471.32 • \n6088.28 \n13098.98 \n4 \nExceptional items \n(5413.00) \n-\n(5413.00) \n-\n474.78 \n5 \nProfit/(loss) before tax (3+4) \n(2981.77 \n4040.09 \n2694.56 \n1058.32 \n6088.28 \n13573.76 \n6 \nTax expense:", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "83b17beb384fa9bf"}, {"chunk_id": "c0910ad802c1c943", "content": "(iv) Additional disclosures as per Regulation 52(4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: Quarter ended Six months ended Year ended Sr.No. Particulars September 30, June 30, September 30, September 30, September 30, March 31, 2025 2025 2024 2025 2024 2025 1 Debt equity ratio 0.26 0.31 0.35 0.26 0.35 0.31 2 Debt service coverage ratio (DSCR) 6.11 0.78 2.07 1.19 1.57 2.14 3 Interest service coverage ratio (ISCR) 6.11 9.52 5.62 7.81 6.29 6,97 4 Current ratio 1.28 1.26 1.21 1.28 1.21 1.27 6 Bad debts to accounts receivable ratio 0,00 0.00 0.00 0,00 0.01 0,01 5 Long term debt to working capital ratio 0.41 0.43 0.48 0.41 0.48 0.49 8 Total debt to total assets ratio 0,10 0.12 0.13 0.10 0,13 0,12 7 Current liability ratio 0,90 0.91 0.93 0.90 0.93 0,91 9 Debtors turnover ratio 3.43 3.42 3.44 3.43 3.44 3.39 10 Operating margin (%) 6.61% 7,14% 8.45% 6,87% 7,59% 8.13% 11 Net profit margin (%) -10.23% 10.41% 5.69% -0,15% 7.60% 7.63% 12 Inventory turnover ratio (refer note below) NA NA NA NA NA NA", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 24, "section": "• 1, \n~ \n•?~ \n~~-\n0~4:rtiR. 1' \nitanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDIA, Tel: +91 n 697 \nI B ~ _ ..,. :. \n~randigarh ) Chennai I Coimbatore I Goa \nI Gurugram I Hyderabad I Kochi \nI Kolkata I Mumbai \nI Punc", "subsection": "Particulars \nSeptember 30, \nJune 30, \nSeptember 30, \nSeptember 30, \nSeptember 30, \nMarch 31, \n2025 \n2025 \n2024 \n2025 \n2024 \n2025 \n[Reviewed] \n[Reviewed] \n[Reviewed] \n[Reviewed] \n[Reviewed] \n[Audited] \n1 \nIncome: \na) \nRevenue from operations \n35115.74 \n33470.73 \n34918.91 \n68586.47 \n65196.06 \n142509,01 \nb) \nOther income(net) \n1073.53 \n2606,00 \n831.30 \n3679.53 \n3277.51 \n5669.21 \nTotal Income \n36189.27 \n36076.73 \n35750.21 \n72266.00 \n68473.57 \n148178.22 \n2 \nExpenses: \na) \nManufacturing, construction and operating expenses: \ni) Cost of raw materials and components consumed \n4246.47 \n4054.17 \n3661,89 \n8300.64 \n6067.90 \n15219.90 \nii) Construction materials consumed \n11182.17 \n10085.41 \n12316.09 \n21267.58 \n22225.71 \n45457.97 \niii) Purchases of stock-in-trade \n305,58 \n212.81 \n328.40 \n518.39 \n698,12 \n1409.90 \niv) Stores, spares and loose tools consumed \n626.66 \n601.69 \n762.73 \n1228.35 \n1456.62 \n3060.70 \nv) Sub-contracting charges \n8975.98 \n8923.61 \n8354.32 \n17899,59 \n16500.83 \n35741.21 \nvi) Changes in inventories of finished goods, stock-in-trade and work-in-progress \n156,94 \n(44.07) \n(255.34) \n112.87 \n(189.39) \n1089.23 \nvii) Other manufacturing, construction and operating expenses \n3625.29 \n3580.74 \n3388.38 \n7206.03 \n6750.26 \n14676.41 \nb) \nEmployee benefits expense \n2887.75 \n2691.67 \n2559.42 \n5579.42 \n5061.11 \n10380.08 \nc) \nSales, administration and other expenses \n789.14 \n973.65 \n851.15 \n1762.79 \n1676.85 \n3885.36 \nd) \nFinance costs \n476.23 \n474.12 \n583.12 \n950.35 \n1150.30 \n2195.46 \ne) \nDepreciation, amortisation, impairment and obsolescence \n485,83 \n482.84 \n505.49 \n968.67 \n986.98 \n1963.02 \nTotal Expenses \n33758.04 \n32036.64 \n33055.65 \n65794.68 \n62385.29 \n135079.24 \n3 \nProfit before exceptional items and tax (1-2) \n2431.23 \n4040.09 \n2694.56 \n6471.32 • \n6088.28 \n13098.98 \n4 \nExceptional items \n(5413.00) \n-\n(5413.00) \n-\n474.78 \n5 \nProfit/(loss) before tax (3+4) \n(2981.77 \n4040.09 \n2694.56 \n1058.32 \n6088.28 \n13573.76 \n6 \nTax expense:", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "83b17beb384fa9bf"}, {"chunk_id": "ace052f312f35320", "content": "13 Capital Redemption Reserve/Debenture Redemption Reserve [, Crore] 266.25 266.25 266.25 266,25 266,25 266.25 14 Net worth [ t Crore] (As per section 2(57) of Companies Act 2013) 66577.13 70183,38 65580.79 66577.13 65580,79 71413.12 15 The Company has not issued any secured listed non-convertible debt securities, Note: Formulae for computation of ratios are as follows: Sr. No. Particulars Formulae 1 Debt equity ratio Total borrowings Total equity 2 Debt service coverage ratio (DSCR) Profit before interest, tax and exceptional items Finance cost+ Principal repayments (net of refinancing) made during the period for long term borrowings 3 Interest service coverage ratio (ISCR) Profit before interest, tax and exceptional items Finance cost 4 Current ratio Current assets Current liabilities 5 Long term debt to working capital ratio Long term borrowings (including current maturities of long term borrowings) Current assets(-) Current liabilities [excluding current maturities of long term borrowings] 6 Bad debts to accounts receivable ratio Bad debts Average gross trade receivables 7 Current liability ratio Current liabilities Total liabilities 8 Total debt to total assets ratio Total borrowings Total assets 9 Debtors turnover ratio Revenue from o~erations for trailing 12 months Average gross trade receivables 10 Operating margin (%) Profit before depreciation, interest, tax and exceptional items (-) Other income Revenue from operations 11 Net profit margin(%)", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 25, "section": "• 1, \n~ \n•?~ \n~~-\n0~4:rtiR. 1' \nitanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDIA, Tel: +91 n 697 \nI B ~ _ ..,. :. \n~randigarh ) Chennai I Coimbatore I Goa \nI Gurugram I Hyderabad I Kochi \nI Kolkata I Mumbai \nI Punc", "subsection": "6.07 \n6.10 \n500.00 \n-\n(5300.24) \n(3450.00) \n745.06 \n4399.72 \n13.68 \n31.56 \n(19.19) \n(10.10) \n(111.75) \n(61.62) \n(4676.22) \n(3849.57) \n(1026.24 \n(1372.56 \n(9868.83 \n(4306.47 \n(98.88 \n344.09 \n3583.55 \n3940.99 \n36.36 \n(5.17) \n3521.03 \n4279.91", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0502068f3e51a79e"}, {"chunk_id": "66898a3c507e1720", "content": "Average gross trade receivables 10 Operating margin (%) Profit before depreciation, interest, tax and exceptional items (-) Other income Revenue from operations 11 Net profit margin(%) Net ~rofit/(loss) after tax Revenue from operations 12 Inventory turnover ratio Cost of Goods Sold Average Inventory Not material considering the size and the nature of operations of the Company (v) Statement of Cash Flows: September 30, September 30, 2025 2024 [Reviewed] [Reviewed] A. Cash flow from operating activities: Profit before exceptional items and tax Adjustments for: Dividend received Depreciation, amortisation, impairment and obsolescence Exchange difference on items grouped under financing/investing activities Effect of exchange rate changes on cash and cash equivalents Finance costs Interest income (Profit)/loss on sale of Property, plant and equipment, Investment property and Intangible assets (net) (Profit)/loss on sale/fair valuation of investments (net) Bad debts/Allowance for expected credit loss (net) Employee stock option-discount Others Operating profit before working capital changes Adjustments for: (lncrease)/decrease in trade and other receivables (lncrease)/decrease in inventories lncrease/(decrease) in trade and other payables Cash generated from operations Direct taxes paid (net) Net cash generated from/(used in) operating activities (1836,32) (1893.37) 968,67 986.98 0.29 (26.56) (31.36) 5.80 883.20 1086.36 (811,72) (643.82) (60.68) (387.70) (573.17) (320.53) 508.32 380.32 26.36 53.82 14.51 1.25 5559.42 5330.83 (3274.19) (3158.10)", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 25, "section": "• 1, \n~ \n•?~ \n~~-\n0~4:rtiR. 1' \nitanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDIA, Tel: +91 n 697 \nI B ~ _ ..,. :. \n~randigarh ) Chennai I Coimbatore I Goa \nI Gurugram I Hyderabad I Kochi \nI Kolkata I Mumbai \nI Punc", "subsection": "6.07 \n6.10 \n500.00 \n-\n(5300.24) \n(3450.00) \n745.06 \n4399.72 \n13.68 \n31.56 \n(19.19) \n(10.10) \n(111.75) \n(61.62) \n(4676.22) \n(3849.57) \n(1026.24 \n(1372.56 \n(9868.83 \n(4306.47 \n(98.88 \n344.09 \n3583.55 \n3940.99 \n36.36 \n(5.17) \n3521.03 \n4279.91", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0502068f3e51a79e"}, {"chunk_id": "77dbc7638d135866", "content": "Net cash generated from/(used in) operating activities (1836,32) (1893.37) 968,67 986.98 0.29 (26.56) (31.36) 5.80 883.20 1086.36 (811,72) (643.82) (60.68) (387.70) (573.17) (320.53) 508.32 380.32 26.36 53.82 14.51 1.25 5559.42 5330.83 (3274.19) (3158.10) (131.75) (166.24) 5860.01 949.60 8013.49 2956.09 (1342.16) (1186.57) 6671.33 1769.52 B. Cash flow from investing activities: Purchase of Property, plant and equipment, Investment property and Intangible assets Sale of Property, plant and equipment, Investment property and Intangible assets Investment in subsidiaries, associates and joint venture companies Divestment of stake in subsidiaries, associates and joint venture companies (net) Purchase of non-current investments (Purchase)/sale of current investments (net) Change in other bank balances and cash not availabe for immediate use Long term deposits/loans (given) - subsidiaries, associates, joint venture companies and third parties Short term deposits/loans (given)/repaid (net) - subsidiaries, associates, joint venture companies and third parties Interest received Dividend received from subsidiaries and joint venture companies Dividend received on other investments Net cash generated from/(used in) investing activities (1436.53) (1206.38) 101.57 459.19 (674.54) (896.71) - 1068.73 (62.50) - 2828.44 916.11 (390.17) 41.07 136.00 (9.00) 785.10 658.46 1817.40 1886.02 18.92 7.34 3098.62 2881.04 C. Cash flow from financing activities: 6.07 6.10 500.00 - (5300.24) (3450.00) 745.06 4399.72 13.68 31.56 (19.19) (10.10) (111.75) (61.62) (4676.22) (3849.57) (1026.24 (1372.56 (9868.83 (4306.47 (98.88 344.09 3583.55", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 25, "section": "• 1, \n~ \n•?~ \n~~-\n0~4:rtiR. 1' \nitanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDIA, Tel: +91 n 697 \nI B ~ _ ..,. :. \n~randigarh ) Chennai I Coimbatore I Goa \nI Gurugram I Hyderabad I Kochi \nI Kolkata I Mumbai \nI Punc", "subsection": "6.07 \n6.10 \n500.00 \n-\n(5300.24) \n(3450.00) \n745.06 \n4399.72 \n13.68 \n31.56 \n(19.19) \n(10.10) \n(111.75) \n(61.62) \n(4676.22) \n(3849.57) \n(1026.24 \n(1372.56 \n(9868.83 \n(4306.47 \n(98.88 \n344.09 \n3583.55 \n3940.99 \n36.36 \n(5.17) \n3521.03 \n4279.91", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0502068f3e51a79e"}, {"chunk_id": "efb1d5866d644aa6", "content": "785.10 658.46 1817.40 1886.02 18.92 7.34 3098.62 2881.04 C. Cash flow from financing activities: 6.07 6.10 500.00 - (5300.24) (3450.00) 745.06 4399.72 13.68 31.56 (19.19) (10.10) (111.75) (61.62) (4676.22) (3849.57) (1026.24 (1372.56 (9868.83 (4306.47 (98.88 344.09 3583.55 3940.99 36.36 (5.17) 3521.03 4279.91 Proceeds from fresh issue of share capital (including share application money) [net] Proceeds from non-current borrowings Repayments of non-current borrowings Proceeds/(repayments) from other borrowings (net) Settlement of derivative contracts related to borrowings Interest paid on lease liability Repayment on lease liability Dividends paid Interest paid (including cash flows from interest rate swaps) Net cash generated from/(used in) financing activities Net increase/(decrease) in cash and cash equivalents (A+ B + C) Cash and cash equivalents at beginning of the period Effect of exchange rate changes on cash and cash equivalents Cash and cash equivalents at end of the period 1 Statement of Cash Flows has been prepared under the Indirect Method as set out in the Indian Accounting Standard (Ind AS) 7 \"Statement of Cash Flows\" as specified in the Companies (Indian Accounting Standards) Rules, 2015. 2 Property, plant and equipment, Investment property and Intangible assets are adjusted for movement of (a) capital work-in-progress for property, plant and equipment and investment property and (b) intangible assets under development during the period.", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 25, "section": "• 1, \n~ \n•?~ \n~~-\n0~4:rtiR. 1' \nitanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDIA, Tel: +91 n 697 \nI B ~ _ ..,. :. \n~randigarh ) Chennai I Coimbatore I Goa \nI Gurugram I Hyderabad I Kochi \nI Kolkata I Mumbai \nI Punc", "subsection": "6.07 \n6.10 \n500.00 \n-\n(5300.24) \n(3450.00) \n745.06 \n4399.72 \n13.68 \n31.56 \n(19.19) \n(10.10) \n(111.75) \n(61.62) \n(4676.22) \n(3849.57) \n(1026.24 \n(1372.56 \n(9868.83 \n(4306.47 \n(98.88 \n344.09 \n3583.55 \n3940.99 \n36.36 \n(5.17) \n3521.03 \n4279.91", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0502068f3e51a79e"}, {"chunk_id": "704f6a48ef5e2465", "content": "property, plant and equipment and investment property and (b) intangible assets under development during the period. (vii) The above financial results of the Company have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards (Ind AS) as prescribed under section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and the other accounting principles generally accepted in India. These results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on October 29, 2025. The same have -also been subjected to Limited Review by the Statutory Auditor. (vi) Figures for the previous periods have been regrouped/reclassified to conform to the classification of the current periods. for LARSEN & TOUBRO LIMITED", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 25, "section": "• 1, \n~ \n•?~ \n~~-\n0~4:rtiR. 1' \nitanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDIA, Tel: +91 n 697 \nI B ~ _ ..,. :. \n~randigarh ) Chennai I Coimbatore I Goa \nI Gurugram I Hyderabad I Kochi \nI Kolkata I Mumbai \nI Punc", "subsection": "6.07 \n6.10 \n500.00 \n-\n(5300.24) \n(3450.00) \n745.06 \n4399.72 \n13.68 \n31.56 \n(19.19) \n(10.10) \n(111.75) \n(61.62) \n(4676.22) \n(3849.57) \n(1026.24 \n(1372.56 \n(9868.83 \n(4306.47 \n(98.88 \n344.09 \n3583.55 \n3940.99 \n36.36 \n(5.17) \n3521.03 \n4279.91", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0502068f3e51a79e"}, {"chunk_id": "8f2061e39c5ecea0", "content": "October 29, 2025 Chairman & Managini:i Director Unaudited Standalone Segment-wise Revenue, Results, Total Assets and Total Liabilities: fCrore Quarter ended Six months ended Year ended Particulars September 30, June 30, September 30, September 30, September 30, March 31, 2025 2025 2024 2025 2024 2025 [Reviewed] [Reviewed] [Reviewed] [Reviewed] [Reviewed] [Audited] Gross segment revenue 1 Infrastructure Projects 25312.70 23053.47 • 25914.77 48366.17 49097.19 105100.36 2 Energy Projects 6409.73 6333.32 5912.46 12743.05 10622.32 24042.96 3 Hi-Tech Manufacturing 2718.60 3243.34 2175.94 5961.94 4095.66 10112.86 4 Others 903.40 1040.13 1318.05 1943.53 2083.00 4624.29 Total 35344.43 33670.26 35321.22 69014.69 65898.17 143880.47 Less: Inter-segment revenue 228.69 199.53 402.31 428.22 702.11 1371.46 Net segment revenue 35115.74 33470.73 34918.91 68586.47 65196.06 142509.01 Segment results 1 Infrastructure Projects 1129.61 791.13 1026.39 1920.74 2040.94 5058.60 2 Energy Projects 452.40 665.17 822.18 1117.57 1139.65 2768.92 3 Hi-Tech Manufacturing 314.33 365.37 219.69 679.70 493.32 1470.40 4 Others 160.23 208.39 465.08 368.62 522.18 1024.81 Total 2056.57 2030.06 2533.34 4086.63 4196.09 10322.73 Less: Inter-segment margins on capital jobs 18.08 9.30 12.52 27.38 17.85 44.48 Less: Finance costs 476.23 474.12 583.12 950.35 1150.30 2195.46 Add: Unallocable corporate income net of expenditure 868.97 2493.45 756.87 3362.42 3060.34 5016.19 Profit before exceptional items and tax 2431.23 4040.09 2694.56 6471.32 6088.28 13098.98 Add: Exceptional items (5413.00) - - (5413.00) - 474.78 Profit/(loss) before tax (2981.77) 4040.09 2694.56 1058.32 6088.28 13573.76 Segment assets 1 Infrastructure Projects 81087.16 84891.25 80847.03 2 Energy Projects 19204.43 17587.72 17120.03 3 Hi-Tech Manufacturing 14634.38", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 26, "section": "Mumbai \nStl~s~~", "subsection": "Segment results \n1 \nInfrastructure Projects \n1129.61 \n791.13 \n1026.39 \n1920.74 \n2040.94 \n5058.60 \n2 \nEnergy Projects \n452.40 \n665.17 \n822.18 \n1117.57 \n1139.65 \n2768.92 \n3 \nHi-Tech Manufacturing \n314.33 \n365.37 \n219.69 \n679.70 \n493.32 \n1470.40 \n4 \nOthers \n160.23 \n208.39 \n465.08 \n368.62 \n522.18 \n1024.81 \nTotal \n2056.57 \n2030.06 \n2533.34 \n4086.63 \n4196.09 \n10322.73 \nLess: Inter-segment margins on capital jobs \n18.08 \n9.30 \n12.52 \n27.38 \n17.85 \n44.48 \nLess: Finance costs \n476.23 \n474.12 \n583.12 \n950.35 \n1150.30 \n2195.46 \nAdd: Unallocable corporate income net of expenditure \n868.97 \n2493.45 \n756.87 \n3362.42 \n3060.34 \n5016.19 \nProfit before exceptional items and tax \n2431.23 \n4040.09 \n2694.56 \n6471.32 \n6088.28 \n13098.98 \nAdd: Exceptional items \n(5413.00) \n-\n-\n(5413.00) \n-\n474.78 \nProfit/(loss) before tax \n(2981.77) \n4040.09 \n2694.56 \n1058.32 \n6088.28 \n13573.76", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2614f08bc520e070"}, {"chunk_id": "6e760eaf6c32bc6e", "content": "- 474.78 Profit/(loss) before tax (2981.77) 4040.09 2694.56 1058.32 6088.28 13573.76 Segment assets 1 Infrastructure Projects 81087.16 84891.25 80847.03 2 Energy Projects 19204.43 17587.72 17120.03 3 Hi-Tech Manufacturing 14634.38 11953.55 12544.05 4 Others 8805.35 8817.73 8911.73 Total segment assets 123731.32 123250.25 119422.84 Less: Inter-segment assets 1050.44 1139.11 1239.28 Add: Unallocable corporate assets 60409.74 56647.59 68232.79 Total assets 183090.62 178758.73 186416.35 Segment liabilities 1 Infrastructure Projects 57558.85 60413.79 59255.57 2 Energy Projects 21613.80 13675.40 15469.62 3 Hi-Tech Manufacturing 11183.02 9272.44 11189.90 4 Others 4027.90 4044.28 3999.46 Total segment liabilities 94383.57 87405.91 89914.55 Less : Inter-segment liabilities 1050.44 1139.11 1239.28 Add : Unallocable corporate liabilities 21832.36 26440.07 25845.24 Total liabilities 115165.49 112706.87 114520.51 (I) The Company has reported segment information as per Ind AS 108 \"Operating Segments\". The identification of operating segments is consistent with performance assessment and resource allocation by the management. (II) Segment composition: Infrastructure Projects segment comprises engineering and construction of (a) building and factories, (b) transportation infrastructure, (c) heavy civil infrastructure, (d) power transmission & distribution, (e) renewables, (f) water & effluent treatment and (g) minerals and metals. Energy Projects segment comprises of (a)", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 26, "section": "Mumbai \nStl~s~~", "subsection": "Segment results \n1 \nInfrastructure Projects \n1129.61 \n791.13 \n1026.39 \n1920.74 \n2040.94 \n5058.60 \n2 \nEnergy Projects \n452.40 \n665.17 \n822.18 \n1117.57 \n1139.65 \n2768.92 \n3 \nHi-Tech Manufacturing \n314.33 \n365.37 \n219.69 \n679.70 \n493.32 \n1470.40 \n4 \nOthers \n160.23 \n208.39 \n465.08 \n368.62 \n522.18 \n1024.81 \nTotal \n2056.57 \n2030.06 \n2533.34 \n4086.63 \n4196.09 \n10322.73 \nLess: Inter-segment margins on capital jobs \n18.08 \n9.30 \n12.52 \n27.38 \n17.85 \n44.48 \nLess: Finance costs \n476.23 \n474.12 \n583.12 \n950.35 \n1150.30 \n2195.46 \nAdd: Unallocable corporate income net of expenditure \n868.97 \n2493.45 \n756.87 \n3362.42 \n3060.34 \n5016.19 \nProfit before exceptional items and tax \n2431.23 \n4040.09 \n2694.56 \n6471.32 \n6088.28 \n13098.98 \nAdd: Exceptional items \n(5413.00) \n-\n-\n(5413.00) \n-\n474.78 \nProfit/(loss) before tax \n(2981.77) \n4040.09 \n2694.56 \n1058.32 \n6088.28 \n13573.76", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2614f08bc520e070"}, {"chunk_id": "50c0d18da8c3d44a", "content": "infrastructure, (d) power transmission & distribution, (e) renewables, (f) water & effluent treatment and (g) minerals and metals. Energy Projects segment comprises of (a) Hydrocarbon Onshore and Offshore businesses covering EPC solutions in oil & gas, refineries, petrochemicals & offshore wind energy sectors, from front-end design through detailed engineering, modular fabrication, procurement, project management, construction, installation and commissioning, (b) Carbon Lite Solutions business covering BTG scope for power generation plants including associated systems and/or carbon capture utilisation & utility packages and (c) EPC solutions in clean energy space. Hi-Tech Manufacturing segment comprises design, manufacture/construct, supply and revamp/retrofit of (a) custom designed, engineered critical equipment & systems to the process plant, nuclear energy and green hydrogen sectors (b) marine and land platforms including related equipment & systems; aerospace products & systems; precision and electronic products & systems for the defence, security, space and industrial sectors. Others segment includes (a) realty, (b) smart infrastructure & communication projects, (c) construction equipment & industrial product design development comprising of (i) marketing and servicing of construction equipment, mining machinery and parts thereof, (ii) manufacture and sale of rubber processing", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 26, "section": "Mumbai \nStl~s~~", "subsection": "Segment results \n1 \nInfrastructure Projects \n1129.61 \n791.13 \n1026.39 \n1920.74 \n2040.94 \n5058.60 \n2 \nEnergy Projects \n452.40 \n665.17 \n822.18 \n1117.57 \n1139.65 \n2768.92 \n3 \nHi-Tech Manufacturing \n314.33 \n365.37 \n219.69 \n679.70 \n493.32 \n1470.40 \n4 \nOthers \n160.23 \n208.39 \n465.08 \n368.62 \n522.18 \n1024.81 \nTotal \n2056.57 \n2030.06 \n2533.34 \n4086.63 \n4196.09 \n10322.73 \nLess: Inter-segment margins on capital jobs \n18.08 \n9.30 \n12.52 \n27.38 \n17.85 \n44.48 \nLess: Finance costs \n476.23 \n474.12 \n583.12 \n950.35 \n1150.30 \n2195.46 \nAdd: Unallocable corporate income net of expenditure \n868.97 \n2493.45 \n756.87 \n3362.42 \n3060.34 \n5016.19 \nProfit before exceptional items and tax \n2431.23 \n4040.09 \n2694.56 \n6471.32 \n6088.28 \n13098.98 \nAdd: Exceptional items \n(5413.00) \n-\n-\n(5413.00) \n-\n474.78 \nProfit/(loss) before tax \n(2981.77) \n4040.09 \n2694.56 \n1058.32 \n6088.28 \n13573.76", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2614f08bc520e070"}, {"chunk_id": "393ad8a3c1229780", "content": "product design development comprising of (i) marketing and servicing of construction equipment, mining machinery and parts thereof, (ii) manufacture and sale of rubber processing machinery and (d) e-commerce/digital platforms & data centres. (Ill) Unallocable corporate income includes majorly interest income, dividends and investment related gains. Unallocable expenditure includes majorly corporate expenses not allocated to segments. Unallocable corporate assets comprise majorly investments. Unallocable corporate liabilities comprise majorly borrowings. (IV) In respect of segments of the Company, revenue and margin do not accrue uniformly during the year. (V) Figures for the previous periods have been regrouped/reclassified to conform to the classification of the current periods. for LARSEN & TOUBRO LIMITED", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 26, "section": "Mumbai \nStl~s~~", "subsection": "Segment results \n1 \nInfrastructure Projects \n1129.61 \n791.13 \n1026.39 \n1920.74 \n2040.94 \n5058.60 \n2 \nEnergy Projects \n452.40 \n665.17 \n822.18 \n1117.57 \n1139.65 \n2768.92 \n3 \nHi-Tech Manufacturing \n314.33 \n365.37 \n219.69 \n679.70 \n493.32 \n1470.40 \n4 \nOthers \n160.23 \n208.39 \n465.08 \n368.62 \n522.18 \n1024.81 \nTotal \n2056.57 \n2030.06 \n2533.34 \n4086.63 \n4196.09 \n10322.73 \nLess: Inter-segment margins on capital jobs \n18.08 \n9.30 \n12.52 \n27.38 \n17.85 \n44.48 \nLess: Finance costs \n476.23 \n474.12 \n583.12 \n950.35 \n1150.30 \n2195.46 \nAdd: Unallocable corporate income net of expenditure \n868.97 \n2493.45 \n756.87 \n3362.42 \n3060.34 \n5016.19 \nProfit before exceptional items and tax \n2431.23 \n4040.09 \n2694.56 \n6471.32 \n6088.28 \n13098.98 \nAdd: Exceptional items \n(5413.00) \n-\n-\n(5413.00) \n-\n474.78 \nProfit/(loss) before tax \n(2981.77) \n4040.09 \n2694.56 \n1058.32 \n6088.28 \n13573.76", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2614f08bc520e070"}, {"chunk_id": "e7f67287387c7277", "content": "MSKA & Associates HO 602, Floor 6, Raheja Titanium Chartered Accountants Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E) Mumbai 400063, INDIA Tel: +91 22 6974 0200 Independent Auditor's Review Report on Standalone unaudited Standalone financial results of Larsen & Toubro limited for the quarter and year-to-date pursuant to Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. To The Board of Directors of Larsen 8: Toubro Limited 1. We have reviewed the accompanying statement of unaudited standalone financial results of Larsen & Toubro Limited (hereinafter referred to as 'the Company'}, which includes the interim financial information of 34 joint operations consolidated on proportionate basis for the quarter ended September 30, 2025 and the year-to-date results for the period from April 01, 2025 to September 30, 2025 ('the Statement') attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 and Regulation 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended ('the Regulations'). 2. This Statement, which is the responsibility of Company's Management and has been approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 28, "section": "MSKA & Associates \nHO \n602, Floor 6, Raheja Titanium \nChartered Accountants \nWestern Express Highway, Geetanjali \nRailway Colony, Ram Nagar, Goregaon (E) \nMumbai 400063, INDIA \nTel: +91 22 6974 0200", "subsection": "5. Based on our review and procedures performed as stated in paragraph 3 above and based on the \nconsideration of the review reports of the other auditors referred to in paragraph 6 and 7 below, nothing \nhas come to our attention that causes us to believe that the accompanying Statement prepared in \naccordance with the recognition and measurement principles laid down in Ind AS 34 and other recognised \naccounting principles generally accepted in India, has not disclosed the information required to be \ndisclosed in terms of the Regulations including the manner in which it is to be disclosed, or that it contains \nany material misstatement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f959ae51faa4fb68"}, {"chunk_id": "26198d5eec8c282f", "content": "2. This Statement, which is the responsibility of Company's Management and has been approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 'Interim Financial Reporting', prescribed under Section 133 of the Companies Act, 2013('the Act'), read with relevant rules issued thereunder ('Ind AS 34' ), and other recognised accounting principles generally accepted in India, and is in compliance with the Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, \"Review of Interim Financial Information Performed by the Independent Auditor of the Entity\" issued by the Institute of Chartered Accountants of India ('ICAI'). A review of interim financial information consists of making inquiries, primarily of Company's persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Act and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 28, "section": "MSKA & Associates \nHO \n602, Floor 6, Raheja Titanium \nChartered Accountants \nWestern Express Highway, Geetanjali \nRailway Colony, Ram Nagar, Goregaon (E) \nMumbai 400063, INDIA \nTel: +91 22 6974 0200", "subsection": "5. Based on our review and procedures performed as stated in paragraph 3 above and based on the \nconsideration of the review reports of the other auditors referred to in paragraph 6 and 7 below, nothing \nhas come to our attention that causes us to believe that the accompanying Statement prepared in \naccordance with the recognition and measurement principles laid down in Ind AS 34 and other recognised \naccounting principles generally accepted in India, has not disclosed the information required to be \ndisclosed in terms of the Regulations including the manner in which it is to be disclosed, or that it contains \nany material misstatement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f959ae51faa4fb68"}, {"chunk_id": "6af5bdb03b854fee", "content": "of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We have also performed procedures in accordance with the circular issued by the SEBl under regulation 33(8) of listing regulation, to the extent applicable. 4. The Statement includes interim financial information of the joint operations listed in Annexure A. 5. Based on our review and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 6 and 7 below, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with the recognition and measurement principles laid down in Ind AS 34 and other recognised accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Regulations including the manner in which it is to be disclosed, or that it contains any material misstatement. Ahmedabad I Bengaluru I Chandigarh I Chennai I Coimbatore I Goa I Gurugram I Hyderabad I Kochi I Kolkata I Mumbai I Pune www.mska.in 6. We did not review the interim financial information of 4 joint operations included in the Statement, whose financial information reflects total assets of Rs. 3,255.35 crore as at September 30, 2025, total revenues of Rs. 202.13 crore and Rs. 649.54 crore, total net loss after tax of Rs.", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 28, "section": "MSKA & Associates \nHO \n602, Floor 6, Raheja Titanium \nChartered Accountants \nWestern Express Highway, Geetanjali \nRailway Colony, Ram Nagar, Goregaon (E) \nMumbai 400063, INDIA \nTel: +91 22 6974 0200", "subsection": "5. Based on our review and procedures performed as stated in paragraph 3 above and based on the \nconsideration of the review reports of the other auditors referred to in paragraph 6 and 7 below, nothing \nhas come to our attention that causes us to believe that the accompanying Statement prepared in \naccordance with the recognition and measurement principles laid down in Ind AS 34 and other recognised \naccounting principles generally accepted in India, has not disclosed the information required to be \ndisclosed in terms of the Regulations including the manner in which it is to be disclosed, or that it contains \nany material misstatement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f959ae51faa4fb68"}, {"chunk_id": "fd40a6500ad48d7a", "content": "whose financial information reflects total assets of Rs. 3,255.35 crore as at September 30, 2025, total revenues of Rs. 202.13 crore and Rs. 649.54 crore, total net loss after tax of Rs. 160.58 crore and Rs. 351.69 crore and total comprehensive loss of Rs. 160.58 crore and Rs. 351.69 crore for the quarter ended September 30, 2025 and for the period from April 01, 2025 to September 30, 2025 respectively, and net cash outflow of Rs. 37 .19 crore for the period from April 01, 2025 to September 30, 2025, as considered in the Statement. The interim financial information of these joint operations has been reviewed by the other auditors whose reports have been furnished to us by the Management of the Company, and our conclusion in so far as it relates to the amounts and disclosures included in respect of these joint operations is based solely on the reports of such other auditors and the procedures performed by us as stated in paragraph 3 above. Our conclusion is not modified in respect of the above matter with respect to our reliance on the work done by and reports of the other auditors. 7. The Statement includes the interim financial information of 30 joint operations which are not subject to review, whose interim financial information reflect total assets of Rs. 755.06 crore as at September 30, 2025, total revenues of Rs. 67.70 crore and Rs. 189.58 crore, total net profit after tax of Rs. 4.23 crore and Rs.", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 28, "section": "MSKA & Associates \nHO \n602, Floor 6, Raheja Titanium \nChartered Accountants \nWestern Express Highway, Geetanjali \nRailway Colony, Ram Nagar, Goregaon (E) \nMumbai 400063, INDIA \nTel: +91 22 6974 0200", "subsection": "5. Based on our review and procedures performed as stated in paragraph 3 above and based on the \nconsideration of the review reports of the other auditors referred to in paragraph 6 and 7 below, nothing \nhas come to our attention that causes us to believe that the accompanying Statement prepared in \naccordance with the recognition and measurement principles laid down in Ind AS 34 and other recognised \naccounting principles generally accepted in India, has not disclosed the information required to be \ndisclosed in terms of the Regulations including the manner in which it is to be disclosed, or that it contains \nany material misstatement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f959ae51faa4fb68"}, {"chunk_id": "7f7d3db712ac95eb", "content": "review, whose interim financial information reflect total assets of Rs. 755.06 crore as at September 30, 2025, total revenues of Rs. 67.70 crore and Rs. 189.58 crore, total net profit after tax of Rs. 4.23 crore and Rs. 3.95 crore and total comprehensive income of Rs. 4.23 crore and Rs. 3.95 crore for the quarter ended September 30, 2025 and for the period from April 01, 2025 to September 30, 2025 respectively and net cash outflow of Rs. 90.86 crore for the period from April 01, 2025 to September 30, 2025, as considered in the Statement. The aforesaid interim financial information has been furnished to us by the Management and our conclusion on the Statement in so far as it relates to the amounts and disclosures included in respect of these joint operations is based solely on such management prepared unaudited interim financial information. According to the information and explanations given to us by the Management, the aforesaid interim financial information of these joint operations is not material to the Company. Our conclusion is not modified in respect of the above matter with respect to our reliance on the financial information certified by the Management. 8. The unaudited standalone financial results of the Company for the quarter ended September 30, 2024 and for the period from April 01, 2024 to September 30, 2024 and for the year ended March 31, 2025 was reviewed/audited jointly with predecessor joint auditor.", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 28, "section": "MSKA & Associates \nHO \n602, Floor 6, Raheja Titanium \nChartered Accountants \nWestern Express Highway, Geetanjali \nRailway Colony, Ram Nagar, Goregaon (E) \nMumbai 400063, INDIA \nTel: +91 22 6974 0200", "subsection": "5. Based on our review and procedures performed as stated in paragraph 3 above and based on the \nconsideration of the review reports of the other auditors referred to in paragraph 6 and 7 below, nothing \nhas come to our attention that causes us to believe that the accompanying Statement prepared in \naccordance with the recognition and measurement principles laid down in Ind AS 34 and other recognised \naccounting principles generally accepted in India, has not disclosed the information required to be \ndisclosed in terms of the Regulations including the manner in which it is to be disclosed, or that it contains \nany material misstatement.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f959ae51faa4fb68"}, {"chunk_id": "37ac5cc0db5552e4", "content": "UDIN: ?--5 1 I 'd' '.). i 1-I3 HO')( w K Place: Mumbai Date: October 29, 2025 Head Office: 602, Floor 6, Raheja Titanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDJA, Tei: +91 Z2 6974 0200 Ahmcdabad I Bengaluru I Chandigarh I Chennai I Coimbatore I Goa I Gurugram I Hyderabad I Kochi I Kolkata I Mumbai I Pune www mska jn Sr. No Name of Entities Parent I Holding Company Larsen&. Toubro limited List of Joint Operations 1 Aktor- Larsen &. Toubro-Yapi Merkezi-STFA·Al Jaber Engineering Joint Venture 2 Al Balagh Trading & Contracting Co W.L.L- L&.T Joint Venture 3 Besix - Larsen & Toubro Joint Venture 4 Civil Works Joint Venture 5 DAEWOO and L&T Joint Venture 6 Desbuild L&T Joint Venture 7 HCC - L8: T Purulia Joint Venture 8 International Metro Civil Contractors Joint Venture 9 L&T - AM Tapovan Joint Venture 10 L&T - Hochtief Seabird Joint Venture 12 UH - Powerchina JV 16 Lft T-AL-Sraiya LRDP 6 Joint Venture 17 LftT-Delma Mafraq Joint Venture 18 L&.T-IHI Consortium 19 L&T-Shanghai Urban Construction (Group) Corporation Joint Venture 20 L&.T-Shanghai Urban Construction (Group) Corporation Joint Venture CC27 Delhi 21 L&T-STEC JV Mumbai 22 Larsen a Toubro Limited & NCC Limited Joint Venture 23 Larsen &. Toubro Ltd - Passavant Energy & Environment JV 24 Larsen and Toubro Limited-Scomi Engineering BHD Consortium-O&M Joint Venture 25", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 29, "section": "UDIN: ?--5 1 I 'd' '.). i 1-I3 HO')( w K", "subsection": "22 \nLarsen a Toubro Limited & NCC Limited Joint Venture", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a3c46a513ed18102"}, {"chunk_id": "1dce2bc4879b75ba", "content": "22 Larsen a Toubro Limited & NCC Limited Joint Venture 23 Larsen &. Toubro Ltd - Passavant Energy & Environment JV 24 Larsen and Toubro Limited-Scomi Engineering BHD Consortium-O&M Joint Venture 25 Larsen and Toubro limited-Scomi Engineering BHD Consortium-Residual Joint Works Joint Venture 26 Larsen and Toubro Limited-Shapoorji Patlonji & Co. Ltd. Joint Venture 27 Larsen and Toubro Shriram EPC JV 28 L TH Milcom Private Limited 29 Metro Tunneling Chennai-L&T Shanghai Urban Construction (Group) Corporation Joint Venture 30 Metro Tunneling Delhi-UH Shanghai Urban Construction (Group) Corporation Joint Venture 31 Metro Tunneling Group 33 Larsen & Toubro Ltd • Passavant Energy & Environment JVO&M 34 Ras Mohaisen Independent Water Project", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 29, "section": "UDIN: ?--5 1 I 'd' '.). i 1-I3 HO')( w K", "subsection": "22 \nLarsen a Toubro Limited & NCC Limited Joint Venture", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a3c46a513ed18102"}, {"chunk_id": "d6cb0703f19297d4", "content": "[TABLE] Company: L&T | Year: FY2025 | Section: 8 \nLARSEN & TOUBRO > Narayan \nSubramanian | Page: 1\n\n|  |  |  |  |  | L& | T House, Ballard |\n|---|---|---|---|---|---|---|\n|  |  |  |  |  | N M | arottam Morarjee umbai - 400 001, I |\n| LARS | EN | & TOUBRO |  |  | Te | l: +91 22 6752 56 |\n|  |  |  |  |  | Fa w | x: +91 22 6752 58 ww.Larsentoubro. |\n|  |  |  |  |  | E | mail: igrc@larsent |\n|  |  |  |  |  | CI | N: L99999MH1946 |\n| SEC/2025 |  |  |  |  | Octob | er 29, 2025 |\n| BSE Limited |  |  | National Stock Exch | ange o | f India | Limited |\n| Phiroze Jejee | bhoy T | owers, | Exchange Plaza, 5th | Floor |  |  |\n| Dalal Street, |  |  | Plot No.C/1, G Bloc | k |  |  |\n| MUMBAI - 4 | 00 00 | 1 | Bandra-Kurla Compl | ex |  |  |\n| STOCK CO | DE: 5 | 00510 | Bandra (E), Mumbai | - 400 | 051 |  |\n|  |  |  | STOCK CODE: LT |  |  |  |\n| Dear Sir/Mada | m, |  |  |  |  |  |\n|  | Sub: | Outcome of Board Meet | ing held on October | 29. 2 | 025 |  |\n| Further to our | letter | dated October 15, 2025, a | nd in terms of Regu | lation | 30 and | 52 read with |\n| Schedule III o | f the | SEBI (Listing Obligation | s and Disclosure R | equire | ments) | Regulations, |\n| 2015, (“SEBI | Listing | Regulations”), we wish t | o inform you that the | Boar | d of Di | rectors of the |\n| Company at it | s meet | ing held today, i.e., Octo | ber 29, 2025, have a | pprov | ed the | Consolidated |\n| and Standalon | e Una | udited Financial Results o | f the Company, for | the Q | uarter a | nd Half year |\n| ended Septemb | er 30, | 2025. |  |  |  |  |\n| We enclose a | copy | of Consolidated and St | andalone Unaudited | Finan | cial R | esults of the |\n| Company, for t | he Qu | arter and Half year ended | September 30, 2025, | along | with a | Press Release |\n| related to the s | ame. |  |  |  |  |  |\n| We also enclo | se a co | py of the “Limited Revi | ew Report for the Qu | arter | and Ha | lf year ended |\n| September 30, | 2025” | issued by our Statutory A | uditors, M/s. M S K | A & A | ssociat | es, Chartered |\n| Accountants. |  |  |  |  |  |  |\n| The Board me | eting c | ommenced at 1.30 p.m. a | nd concluded at 5.00 | p.m. |  |  |\n| Thanking You |  |  |  |  |  |  |\n| Yours faithfull | y, |  |  |  |  |  |\n| For Larsen & | Toub | ro Limited |  |  |  |  |\n| Subramanian | Nara | yan |  |  |  |  |\n| Company Sec | retary | & Compliance Officer |  |  |  |  |\n| (ACS 16354) |  |  |  |  |  |  |\n| Encl. as above |  |  |  |  |  |  |", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 1, "section": "8 \nLARSEN & TOUBRO", "subsection": "Narayan \nSubramanian", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "3ce48ffe7eb5c25d", "content": "[TABLE] Company: L&T | Year: FY2025 | Section: Mumbai, October 29, 2025 \n \nLarsen & Toubro secured orders worth ₹ 210,237 crore registering y-o-y growth of 39% for \nthe half-year ended September 30, 2025. During the half-year, big-ticket order wins were \nin Public Spaces, Commercial Buildings, Metro, Hydel & Tunnel, Transmission & Distribution, \nRenewables, Non-Ferrous Metals, Thermal BTG, and Offshore and Onshore businesses in the \nHydrocarbon sector. International orders at ₹ 124,236 crore during the half-year constituted \n59% of the total. \n \nOn a quarterly basis, orders worth ₹ 115,784 crore were received at the Group level during \nthe quarter ended September 30, 2025. The Company registered a y-o-y growth of 45% aided \nby a strong order momentum across a broad spectrum of businesses. The quarter saw order \nwins in businesses such as Public Spaces, Data Centres, Commercial Buildings, Metro, Hydel \n& Tunnel, Transmission & Distribution, Renewables, and both Offshore and Onshore \nbusinesses in the Hydrocarbon sector. International orders stood at ₹ 75,561 crore, \naccounting for 65% of the total order inflow. \n \nThe consolidated order book of the Group as on September 30, 2025, was at ₹ 667,047 crore, \na growth of 15% over March 2025. International orders comprise 49% of the order book. \n \nThe Company achieved consolidated revenues of ₹ 131,662 crore recording a y-o-y growth \nof 13% on a half-year basis. International revenues during the half-year at ₹ 71,217 crore \nconstituted 54% of the total revenue. \n \nFor the quarter ended September 30, 2025, consolidated revenue at ₹ 67,984 crore \nregistered a y-o-y growth of 10%. International revenues during the quarter were at                 \n₹ 38,223 crore, constituted 56% of the total revenue. | Page: 2\n\n|  |  |  |  | L&T House |  |  |\n|---|---|---|---|---|---|---|\n| L&T Pr | ess | Release |  | Ballard Estate, Tel 91 22 6752 | Mu 56 | mbai 400 001 56 |\n| Issued by Corpor | ate Brand | Management & Communicatio | ns | CIN L99999MH | 19 | 46PLC004768 |\n| Financial | Results | for the half-year | ended Se | ptember | 3 | 0, 2025 |\n|  |  | The Positive Momen | tum Conti | nues |  |  |\n|  | Orde | r Inflow 39%, Rev | enue 13 | %, PAT | 22 | % |\n| Mumbai, Octob | er 29, 20 | 25 |  |  |  |  |\n| Larsen & Toubr | o secured | orders worth ₹ 210,237 c | rore register | ing y-o-y gro | wt | h of 39% for |\n| the half-year e | nded Sept | ember 30, 2025. During t | he half-year, | big-ticket o | rd | er wins were |\n| in Public Space | s, Commer | cial Buildings, Metro, Hyd | el & Tunnel, T | ransmission | & | Distribution, |\n| Renewables, N | on-Ferrous | Metals, Thermal BTG, an | d Offshore an | d Onshore bu | si | nesses in the |\n| Hydrocarbon se | ctor. Inter | national orders at ₹ 124,2 | 36 crore duri | ng the half-y | ea | r constituted |\n| 59% of the tota | l. |  |  |  |  |  |\n| On a quarterly | basis, ord | ers worth ₹ 115,784 crore | were receive | d at the Gro | up | level during |\n| the quarter end | ed Septem | ber 30, 2025. The Compa | ny registered | a y-o-y grow | th | of 45% aided |\n| by a strong ord | er momen | tum across a broad spectr | um of busine | sses. The qua | rt | er saw order |\n| wins in busines | ses such a | s Public Spaces, Data Cent | res, Commer | cial Buildings | , | Metro, Hydel |\n| & Tunnel, Tra | nsmission | & Distribution, Renewa | bles, and b | oth Offshore | a | nd Onshore |\n| businesses in | the Hydro | carbon sector. Internati | onal orders | stood at ₹ | 7 | 5,561 crore, |\n| accounting for | 65% of the | total order inflow. |  |  |  |  |\n| The consolidat | ed order b | ook of the Group as on Sep | tember 30, 20 | 25, was at ₹ | 66 | 7,047 crore, |\n| a growth of 15 | % over Mar | ch 2025. International ord | ers comprise | 49% of the o | rd | er book. |\n| The Company a | chieved c | onsolidated revenues of ₹ | 131,662 cror | e recording | a | y-o-y growth |\n| of 13% on a ha | lf-year ba | sis. International revenue | s during the | half-year at | ₹ | 71,217 crore |\n| constituted 54 | % of the to | tal revenue. |  |  |  |  |\n| For the quart | er ended | September 30, 2025, co | nsolidated r | evenue at ₹ | 6 | 7,984 crore |\n| registered a y | -o-y grow | th of 10%. International | revenues du | ring the qu | ar | ter were at |\n| ₹ 38,223 crore, | constitut | ed 56% of the total revenu | e. |  |  |  |\n|  |  |  |  |  |  | 1 |", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 2, "section": "Mumbai, October 29, 2025 \n \nLarsen & Toubro secured orders worth ₹ 210,237 crore registering y-o-y growth of 39% for \nthe half-year ended September 30, 2025. During the half-year, big-ticket order wins were \nin Public Spaces, Commercial Buildings, Metro, Hydel & Tunnel, Transmission & Distribution, \nRenewables, Non-Ferrous Metals, Thermal BTG, and Offshore and Onshore businesses in the \nHydrocarbon sector. International orders at ₹ 124,236 crore during the half-year constituted \n59% of the total. \n \nOn a quarterly basis, orders worth ₹ 115,784 crore were received at the Group level during \nthe quarter ended September 30, 2025. The Company registered a y-o-y growth of 45% aided \nby a strong order momentum across a broad spectrum of businesses. The quarter saw order \nwins in businesses such as Public Spaces, Data Centres, Commercial Buildings, Metro, Hydel \n& Tunnel, Transmission & Distribution, Renewables, and both Offshore and Onshore \nbusinesses in the Hydrocarbon sector. International orders stood at ₹ 75,561 crore, \naccounting for 65% of the total order inflow. \n \nThe consolidated order book of the Group as on September 30, 2025, was at ₹ 667,047 crore, \na growth of 15% over March 2025. International orders comprise 49% of the order book. \n \nThe Company achieved consolidated revenues of ₹ 131,662 crore recording a y-o-y growth \nof 13% on a half-year basis. International revenues during the half-year at ₹ 71,217 crore \nconstituted 54% of the total revenue. \n \nFor the quarter ended September 30, 2025, consolidated revenue at ₹ 67,984 crore \nregistered a y-o-y growth of 10%. International revenues during the quarter were at                 \n₹ 38,223 crore, constituted 56% of the total revenue.", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "e8bf6964e5cbfd25", "content": "[TABLE] Company: L&T | Year: FY2025 | Section: The Company, for the half-year ended September 30, 2025, posted a consolidated Profit \nAfter Tax of ₹ 7,543 crore, registered a y-o-y growth of 22%. \n \nSimilarly, for the quarter ended September 30, 2025, consolidated Profit After Tax (PAT) at \n₹ 3,926 crore, registering a y-o-y growth of 16%. \n \nCommenting on the results, S N Subrahmanyan, Chairman and Managing Director, said: \n \n“The Company has reported a well-rounded financial performance across all \nparameters. Our ability to repeatedly secure large orders, across segments and \ngeographies is a true testimony to the Company’s leadership position in the EPC \ndomain. The consistent execution across a diverse portfolio highlights our strength in \neffectively navigating local / global challenges. We continue to witness higher capex \nspends, in both our primary geographies of India and the Middle East, and remain fairly \noptimistic about order prospects. \n \nWe reached an in-principle understanding with the Government of Telangana for the \ndivestment of our stake in L&T Metro Rail (Hyderabad) Limited (L&TMRHL). This is in \nline with our stated objective under Lakshya 2026 to exit the public concessions \nportfolio.  \n \nTo ensure long-term sustainable growth in a rapidly evolving business environment, \nefforts are ongoing to streamline and grow the emerging technology-led businesses, so \nto complement our core businesses in the domains of engineering, construction, \nmanufacturing and project management. Our IT&TS portfolio continues to perform \nwell. Lastly, L&T Finance’s strategy to focus on the retail lending space through \ninnovative products and tech-enabled operations has resulted in improved \nperformance of the company”. \n \nNote: \nThe key parameters of the Group and Segment Performance for the quarter and half-year ended                      \nSeptember 30, 2025, are shown in Annexure 1.  \n \nSegment composition is provided in Annexure 2. \n \nSegment-wise Performance Highlights for the quarter \n \nInfrastructure Projects Segment \n \nThe Infrastructure Projects segment secured order inflow of ₹ 52,686 crore during the \nquarter ended September 30, 2025, registering a growth of 6% over the corresponding \nquarter of the previous year despite the high base effect. International orders constituted \n48% of the total order inflow of the segment during the quarter aided by receipt of major \norders in the Building & Factories, Heavy Civil Infrastructure, Power Transmission & \nDistribution and Renewables businesses. \n \nThe segment order book stood at ₹ 394,706 crore as on September 30, 2025, with the share \nof international orders at 43%. | Page: 3\n\n| The Company, for | the half-year ended | Sept | ember 30, 2025, po | sted a conso | lidated Profit |\n|---|---|---|---|---|---|\n| After Tax of ₹ 7,54 | 3 crore, registered a | y-o-y | growth of 22%. |  |  |\n| Similarly, for the q | uarter ended Septem | ber 3 | 0, 2025, consolidat | ed Profit Afte | r Tax (PAT) at |\n| ₹ 3,926 crore, regis | tering a y-o-y growt | h of 1 | 6%. |  |  |\n| Commenting on th | e results, S N Subra | hman | yan, Chairman and | Managing D | irector, said: |\n| “The Company h | as reported a w | ell-ro | unded financial | performanc | e across all |\n| parameters. Our | ability to repeat | edly s | ecure large orde | rs, across s | egments and |\n| geographies is a | true testimony to | the | Company’s leader | ship positio | n in the EPC |\n| domain. The consi | stent execution ac | ross a | diverse portfolio | highlights o | ur strength in |\n| effectively naviga | ting local / global | challe | nges. We continue | to witness | higher capex |\n| spends, in both ou | r primary geograph | ies of | India and the Midd | le East, and | remain fairly |\n| optimistic about o | rder prospects. |  |  |  |  |\n| We reached an in- | principle understa | nding | with the Governm | ent of Tela | ngana for the |\n| divestment of our | stake in L&T Metr | o Rail | (Hyderabad) Limi | ted (L&TMR | HL). This is in |\n| line with our sta | ted objective und | er Lak | shya 2026 to exi | t the publi | c concessions |\n| portfolio. |  |  |  |  |  |\n| To ensure long-te | rm sustainable gro | wth i | n a rapidly evolvi | ng business | environment, |\n| efforts are ongoin | g to streamline and | grow | the emerging tech | nology-led b | usinesses, so |\n| to complement o | ur core businesse | s in t | he domains of e | ngineering, | construction, |\n| manufacturing an | d project manage | ment. | Our IT&TS portfo | lio continue | s to perform |\n| well. Lastly, L&T | Finance’s strateg | y to | focus on the reta | il lending s | pace through |\n| innovative produ | cts and tech-en | abled | operations has | resulted | in improved |\n| performance of th | e company”. |  |  |  |  |\n| Note: |  |  |  |  |  |\n| The key parameters | of the Group and Seg | ment | Performance for the | quarter and h | alf-year ended |\n| September 30, 2025, | are shown in Annexur | e 1. |  |  |  |\n| Segment composition | is provided in Annex | ure 2. |  |  |  |\n| Segment-wise | Performance H | ighlig | hts for the qu | arter |  |\n| Infrastructure Pro | jects Segment |  |  |  |  |\n| The Infrastructure | Projects segment s | ecure | d order inflow of | ₹ 52,686 cro | re during the |\n| quarter ended Sep | tember 30, 2025, r | egiste | ring a growth of 6 | % over the | corresponding |\n| quarter of the prev | ious year despite th | e high | base effect. Inter | national orde | rs constituted |\n| 48% of the total or | der inflow of the se | gment | during the quarter | aided by re | ceipt of major |\n| orders in the Buil | ding & Factories, | Heavy | Civil Infrastructur | e, Power T | ransmission & |\n| Distribution and Re | newables businesses | . |  |  |  |\n| The segment order | book stood at ₹ 394 | ,706 c | rore as on Septemb | er 30, 2025, | with the share |\n| of international ord | ers at 43%. |  |  |  |  |\n|  |  |  |  |  | 2 |", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "The Company, for the half-year ended September 30, 2025, posted a consolidated Profit \nAfter Tax of ₹ 7,543 crore, registered a y-o-y growth of 22%. \n \nSimilarly, for the quarter ended September 30, 2025, consolidated Profit After Tax (PAT) at \n₹ 3,926 crore, registering a y-o-y growth of 16%. \n \nCommenting on the results, S N Subrahmanyan, Chairman and Managing Director, said: \n \n“The Company has reported a well-rounded financial performance across all \nparameters. Our ability to repeatedly secure large orders, across segments and \ngeographies is a true testimony to the Company’s leadership position in the EPC \ndomain. The consistent execution across a diverse portfolio highlights our strength in \neffectively navigating local / global challenges. We continue to witness higher capex \nspends, in both our primary geographies of India and the Middle East, and remain fairly \noptimistic about order prospects. \n \nWe reached an in-principle understanding with the Government of Telangana for the \ndivestment of our stake in L&T Metro Rail (Hyderabad) Limited (L&TMRHL). This is in \nline with our stated objective under Lakshya 2026 to exit the public concessions \nportfolio.  \n \nTo ensure long-term sustainable growth in a rapidly evolving business environment, \nefforts are ongoing to streamline and grow the emerging technology-led businesses, so \nto complement our core businesses in the domains of engineering, construction, \nmanufacturing and project management. Our IT&TS portfolio continues to perform \nwell. Lastly, L&T Finance’s strategy to focus on the retail lending space through \ninnovative products and tech-enabled operations has resulted in improved \nperformance of the company”. \n \nNote: \nThe key parameters of the Group and Segment Performance for the quarter and half-year ended                      \nSeptember 30, 2025, are shown in Annexure 1.  \n \nSegment composition is provided in Annexure 2. \n \nSegment-wise Performance Highlights for the quarter \n \nInfrastructure Projects Segment \n \nThe Infrastructure Projects segment secured order inflow of ₹ 52,686 crore during the \nquarter ended September 30, 2025, registering a growth of 6% over the corresponding \nquarter of the previous year despite the high base effect. International orders constituted \n48% of the total order inflow of the segment during the quarter aided by receipt of major \norders in the Building & Factories, Heavy Civil Infrastructure, Power Transmission & \nDistribution and Renewables businesses. \n \nThe segment order book stood at ₹ 394,706 crore as on September 30, 2025, with the share \nof international orders at 43%.", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "8e72637b6f1c4c06", "content": "[TABLE] Company: L&T | Year: FY2025 | Section: The Company, for the half-year ended September 30, 2025, posted a consolidated Profit \nAfter Tax of ₹ 7,543 crore, registered a y-o-y growth of 22%. \n \nSimilarly, for the quarter ended September 30, 2025, consolidated Profit After Tax (PAT) at \n₹ 3,926 crore, registering a y-o-y growth of 16%. \n \nCommenting on the results, S N Subrahmanyan, Chairman and Managing Director, said: \n \n“The Company has reported a well-rounded financial performance across all \nparameters. Our ability to repeatedly secure large orders, across segments and \ngeographies is a true testimony to the Company’s leadership position in the EPC \ndomain. The consistent execution across a diverse portfolio highlights our strength in \neffectively navigating local / global challenges. We continue to witness higher capex \nspends, in both our primary geographies of India and the Middle East, and remain fairly \noptimistic about order prospects. \n \nWe reached an in-principle understanding with the Government of Telangana for the \ndivestment of our stake in L&T Metro Rail (Hyderabad) Limited (L&TMRHL). This is in \nline with our stated objective under Lakshya 2026 to exit the public concessions \nportfolio.  \n \nTo ensure long-term sustainable growth in a rapidly evolving business environment, \nefforts are ongoing to streamline and grow the emerging technology-led businesses, so \nto complement our core businesses in the domains of engineering, construction, \nmanufacturing and project management. Our IT&TS portfolio continues to perform \nwell. Lastly, L&T Finance’s strategy to focus on the retail lending space through \ninnovative products and tech-enabled operations has resulted in improved \nperformance of the company”. \n \nNote: \nThe key parameters of the Group and Segment Performance for the quarter and half-year ended                      \nSeptember 30, 2025, are shown in Annexure 1.  \n \nSegment composition is provided in Annexure 2. \n \nSegment-wise Performance Highlights for the quarter \n \nInfrastructure Projects Segment \n \nThe Infrastructure Projects segment secured order inflow of ₹ 52,686 crore during the \nquarter ended September 30, 2025, registering a growth of 6% over the corresponding \nquarter of the previous year despite the high base effect. International orders constituted \n48% of the total order inflow of the segment during the quarter aided by receipt of major \norders in the Building & Factories, Heavy Civil Infrastructure, Power Transmission & \nDistribution and Renewables businesses. \n \nThe segment order book stood at ₹ 394,706 crore as on September 30, 2025, with the share \nof international orders at 43%. > For the quarter ended September 30, 2025, customer revenues were at ₹ 31,759 crore, \nregistering a y-o-y decline of 1%, primarily due to slower progress in water related projects. \nThe extended monsoon conditions also dampened the revenue growth. International \nrevenues constituted 47% of the total customer revenues of the segment during the quarter. \n \nThe EBITDA margin of the segment during the quarter ended September 30, 2025, was at \n6.3%, compared to 6.0% in the corresponding quarter of the previous year. Margin \nimprovement has been primarily driven by execution efficiency.  \n \nEnergy Projects Segment \n \nThe Energy Projects segment secured orders valued at ₹ 38,156 crore during the quarter \nended September 30, 2025, registering more than 100% growth on y-o-y basis. The growth \nin order inflow was driven by the receipt of ultra-mega orders in both the Onshore and \nOffshore businesses in the Hydrocarbon sector. International order inflow constituted 98% \nof the total order inflow during the quarter. \n \nThe segment order book stood at ₹ 214,496 crore as on September 30, 2025, with the \ninternational order book constituting 71% of the total. \n \nFor the quarter ended September 30, 2025, the customer revenues stood at ₹ 13,082 crore, \nregistering a robust growth of 48% y-o-y led by an execution ramp up in international \nprojects of the Hydrocarbon business. International revenues constituted 78% of the total \ncustomer revenues of the segment during the quarter. \n \nThe segment’s EBITDA margin stood at 7.3% for the quarter ended September 30, 2025, \ncompared to 8.9% in the corresponding quarter of the previous year. The margin decline is \ndue to project variation at closure stage. \n \nHi-Tech Manufacturing Segment \n \nThe segment secured orders valued at ₹ 2,582 crore for the quarter ended                 \nSeptember 30, 2025, a 34% decline over the corresponding quarter of the previous year \nprimarily attributable to the deferral of orders. Export orders constituted 18% of the total \norder inflow of the segment during the quarter. \n \nThe order book of the segment was at ₹ 39,064 crore as on September 30, 2025, with the \nshare of export orders at 11%. \n \nFor the quarter ended September 30, 2025, customer revenues were at ₹ 2,754 crore, \nregistering a growth of 33% y-o-y attributable to improved execution in both the Heavy \nEngineering and Precision Engineering & Systems businesses. International revenues \nconstituted 25% of the total customer revenues for the segment during the quarter. \n \nThe EBITDA margin of the segment was at 14.7% for the quarter ended September 30, 2025, \nwhich was higher compared to the previous year at 12.8%. The increase in segment margin \nis primarily attributable to improved operational profitability in the portfolio. | Page: 4\n\n| For the quarter | ended September | 30, 2025, custo | mer revenu | es were at ₹ 3 | 1,759 crore, |\n|---|---|---|---|---|---|\n| registering a y-o | -y decline of 1%, pr | imarily due to sl | ower progre | ss in water rela | ted projects. |\n| The extended | monsoon condition | s also dampen | ed the rev | enue growth. | International |\n| revenues consti | tuted 47% of the tot | al customer reve | nues of the | segment during | the quarter. |\n| The EBITDA ma | rgin of the segment | during the qua | rter ended | September 30, | 2025, was at |\n| 6.3%, compare | d to 6.0% in the | corresponding | quarter of | the previous | year. Margin |\n| improvement h | as been primarily dr | iven by executio | n efficiency | . |  |\n| Energy Project | s Segment |  |  |  |  |\n| The Energy Pro | jects segment secu | red orders value | d at ₹ 38,1 | 56 crore during | the quarter |\n| ended Septemb | er 30, 2025, registe | ring more than | 100% growt | h on y-o-y basis | . The growth |\n| in order inflow | was driven by the | receipt of ultra | -mega orde | rs in both the | Onshore and |\n| Offshore busine | sses in the Hydroca | rbon sector. Int | ernational | order inflow co | nstituted 98% |\n| of the total ord | er inflow during the | quarter. |  |  |  |\n| The segment o | rder book stood at | ₹ 214,496 cror | e as on Se | ptember 30, 20 | 25, with the |\n| international or | der book constituti | ng 71% of the to | tal. |  |  |\n| For the quarter | ended September 3 | 0, 2025, the cus | tomer reven | ues stood at ₹ | 13,082 crore, |\n| registering a ro | bust growth of 48 | % y-o-y led by | an executio | n ramp up in | international |\n| projects of the | Hydrocarbon busin | ess. Internationa | l revenues | constituted 78% | of the total |\n| customer reven | ues of the segment | during the quart | er. |  |  |\n| The segment’s | EBITDA margin sto | od at 7.3% for t | he quarter | ended Septemb | er 30, 2025, |\n| compared to 8. | 9% in the correspon | ding quarter of | the previous | year. The mar | gin decline is |\n| due to project | variation at closure | stage. |  |  |  |\n| Hi-Tech Manuf | acturing Segment |  |  |  |  |\n| The segment | secured orders v | alued at ₹ 2 | ,582 crore | for the qu | arter ended |\n| September 30, | 2025, a 34% declin | e over the corr | esponding q | uarter of the p | revious year |\n| primarily attrib | utable to the defer | ral of orders. Ex | port orders | constituted 18% | of the total |\n| order inflow of | the segment during | the quarter. |  |  |  |\n| The order book | of the segment wa | s at ₹ 39,064 cr | ore as on Se | ptember 30, 20 | 25, with the |\n| share of export | orders at 11%. |  |  |  |  |\n| For the quarte | r ended September | 30, 2025, cust | omer reven | ues were at ₹ | 2,754 crore, |\n| registering a gr | owth of 33% y-o-y | attributable to | improved e | xecution in bot | h the Heavy |\n| Engineering an | d Precision Engine | ering & Syste | ms business | es. Internation | al revenues |\n| constituted 25% | of the total custom | er revenues for | the segmen | t during the qu | arter. |\n| The EBITDA mar | gin of the segment | was at 14.7% for | the quarter | ended Septem | ber 30, 2025, |\n| which was high | er compared to the | previous year at | 12.8%. The | increase in seg | ment margin |\n| is primarily attr | ibutable to improve | d operational p | rofitability i | n the portfolio. |  |\n|  |  |  |  |  | 3 |", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "The Company, for the half-year ended September 30, 2025, posted a consolidated Profit \nAfter Tax of ₹ 7,543 crore, registered a y-o-y growth of 22%. \n \nSimilarly, for the quarter ended September 30, 2025, consolidated Profit After Tax (PAT) at \n₹ 3,926 crore, registering a y-o-y growth of 16%. \n \nCommenting on the results, S N Subrahmanyan, Chairman and Managing Director, said: \n \n“The Company has reported a well-rounded financial performance across all \nparameters. Our ability to repeatedly secure large orders, across segments and \ngeographies is a true testimony to the Company’s leadership position in the EPC \ndomain. The consistent execution across a diverse portfolio highlights our strength in \neffectively navigating local / global challenges. We continue to witness higher capex \nspends, in both our primary geographies of India and the Middle East, and remain fairly \noptimistic about order prospects. \n \nWe reached an in-principle understanding with the Government of Telangana for the \ndivestment of our stake in L&T Metro Rail (Hyderabad) Limited (L&TMRHL). This is in \nline with our stated objective under Lakshya 2026 to exit the public concessions \nportfolio.  \n \nTo ensure long-term sustainable growth in a rapidly evolving business environment, \nefforts are ongoing to streamline and grow the emerging technology-led businesses, so \nto complement our core businesses in the domains of engineering, construction, \nmanufacturing and project management. Our IT&TS portfolio continues to perform \nwell. Lastly, L&T Finance’s strategy to focus on the retail lending space through \ninnovative products and tech-enabled operations has resulted in improved \nperformance of the company”. \n \nNote: \nThe key parameters of the Group and Segment Performance for the quarter and half-year ended                      \nSeptember 30, 2025, are shown in Annexure 1.  \n \nSegment composition is provided in Annexure 2. \n \nSegment-wise Performance Highlights for the quarter \n \nInfrastructure Projects Segment \n \nThe Infrastructure Projects segment secured order inflow of ₹ 52,686 crore during the \nquarter ended September 30, 2025, registering a growth of 6% over the corresponding \nquarter of the previous year despite the high base effect. International orders constituted \n48% of the total order inflow of the segment during the quarter aided by receipt of major \norders in the Building & Factories, Heavy Civil Infrastructure, Power Transmission & \nDistribution and Renewables businesses. \n \nThe segment order book stood at ₹ 394,706 crore as on September 30, 2025, with the share \nof international orders at 43%.", "subsection": "For the quarter ended September 30, 2025, customer revenues were at ₹ 31,759 crore, \nregistering a y-o-y decline of 1%, primarily due to slower progress in water related projects. \nThe extended monsoon conditions also dampened the revenue growth. International \nrevenues constituted 47% of the total customer revenues of the segment during the quarter. \n \nThe EBITDA margin of the segment during the quarter ended September 30, 2025, was at \n6.3%, compared to 6.0% in the corresponding quarter of the previous year. Margin \nimprovement has been primarily driven by execution efficiency.  \n \nEnergy Projects Segment \n \nThe Energy Projects segment secured orders valued at ₹ 38,156 crore during the quarter \nended September 30, 2025, registering more than 100% growth on y-o-y basis. The growth \nin order inflow was driven by the receipt of ultra-mega orders in both the Onshore and \nOffshore businesses in the Hydrocarbon sector. International order inflow constituted 98% \nof the total order inflow during the quarter. \n \nThe segment order book stood at ₹ 214,496 crore as on September 30, 2025, with the \ninternational order book constituting 71% of the total. \n \nFor the quarter ended September 30, 2025, the customer revenues stood at ₹ 13,082 crore, \nregistering a robust growth of 48% y-o-y led by an execution ramp up in international \nprojects of the Hydrocarbon business. International revenues constituted 78% of the total \ncustomer revenues of the segment during the quarter. \n \nThe segment’s EBITDA margin stood at 7.3% for the quarter ended September 30, 2025, \ncompared to 8.9% in the corresponding quarter of the previous year. The margin decline is \ndue to project variation at closure stage. \n \nHi-Tech Manufacturing Segment \n \nThe segment secured orders valued at ₹ 2,582 crore for the quarter ended                 \nSeptember 30, 2025, a 34% decline over the corresponding quarter of the previous year \nprimarily attributable to the deferral of orders. Export orders constituted 18% of the total \norder inflow of the segment during the quarter. \n \nThe order book of the segment was at ₹ 39,064 crore as on September 30, 2025, with the \nshare of export orders at 11%. \n \nFor the quarter ended September 30, 2025, customer revenues were at ₹ 2,754 crore, \nregistering a growth of 33% y-o-y attributable to improved execution in both the Heavy \nEngineering and Precision Engineering & Systems businesses. International revenues \nconstituted 25% of the total customer revenues for the segment during the quarter. \n \nThe EBITDA margin of the segment was at 14.7% for the quarter ended September 30, 2025, \nwhich was higher compared to the previous year at 12.8%. The increase in segment margin \nis primarily attributable to improved operational profitability in the portfolio.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "22492d50ba2ccbec", "content": "[TABLE] Company: L&T | Year: FY2025 | Section: The Company, for the half-year ended September 30, 2025, posted a consolidated Profit \nAfter Tax of ₹ 7,543 crore, registered a y-o-y growth of 22%. \n \nSimilarly, for the quarter ended September 30, 2025, consolidated Profit After Tax (PAT) at \n₹ 3,926 crore, registering a y-o-y growth of 16%. \n \nCommenting on the results, S N Subrahmanyan, Chairman and Managing Director, said: \n \n“The Company has reported a well-rounded financial performance across all \nparameters. Our ability to repeatedly secure large orders, across segments and \ngeographies is a true testimony to the Company’s leadership position in the EPC \ndomain. The consistent execution across a diverse portfolio highlights our strength in \neffectively navigating local / global challenges. We continue to witness higher capex \nspends, in both our primary geographies of India and the Middle East, and remain fairly \noptimistic about order prospects. \n \nWe reached an in-principle understanding with the Government of Telangana for the \ndivestment of our stake in L&T Metro Rail (Hyderabad) Limited (L&TMRHL). This is in \nline with our stated objective under Lakshya 2026 to exit the public concessions \nportfolio.  \n \nTo ensure long-term sustainable growth in a rapidly evolving business environment, \nefforts are ongoing to streamline and grow the emerging technology-led businesses, so \nto complement our core businesses in the domains of engineering, construction, \nmanufacturing and project management. Our IT&TS portfolio continues to perform \nwell. Lastly, L&T Finance’s strategy to focus on the retail lending space through \ninnovative products and tech-enabled operations has resulted in improved \nperformance of the company”. \n \nNote: \nThe key parameters of the Group and Segment Performance for the quarter and half-year ended                      \nSeptember 30, 2025, are shown in Annexure 1.  \n \nSegment composition is provided in Annexure 2. \n \nSegment-wise Performance Highlights for the quarter \n \nInfrastructure Projects Segment \n \nThe Infrastructure Projects segment secured order inflow of ₹ 52,686 crore during the \nquarter ended September 30, 2025, registering a growth of 6% over the corresponding \nquarter of the previous year despite the high base effect. International orders constituted \n48% of the total order inflow of the segment during the quarter aided by receipt of major \norders in the Building & Factories, Heavy Civil Infrastructure, Power Transmission & \nDistribution and Renewables businesses. \n \nThe segment order book stood at ₹ 394,706 crore as on September 30, 2025, with the share \nof international orders at 43%. > IT & Technology Services (IT&TS) Segment \n \nThe segment recorded customer revenues of ₹ 13,274 crore for the quarter ended                 \nSeptember 30, 2025, registering a y-o-y growth of 13%, largely in line with improved \nspending in the IT&TS sector. International billing contributed 92% of the total customer \nrevenues. \n \nThe EBITDA margin for the segment was lower at 20.2% for the quarter ended          \nSeptember 30, 2025 as compared to 21.0% in the corresponding quarter of the previous year. \nThe shift is largely attributable to incremental costs incurred towards the newly incubated \nbusinesses and subdued margin in L&T Technology Services. \n \nFinancial Services Segment \n \nThe segment recorded income from operations at ₹ 4,166  crore during the quarter ended \nSeptember 30, 2025, registering y-o-y growth of 9% primarily attributable to higher \ndisbursements in the retail finance segment. \n \nThe total Loan Book, as of September 2025, at ₹ 107,096 crore grew by 10% as compared to \n₹ 97,762 crore in March 2025. The Retail Loan Book now constitutes 98% of the total Loan \nBook as on September 30, 2025. \n \nThe segment PBT for the quarter ended September 30, 2025 at ₹ 989 crore, is higher than \nthe corresponding quarter of the previous year at ₹ 940 crore. The increase is largely due \nto higher disbursements contributing to increase in Net Interest Margin and Fees. \n \n \nDevelopment Projects Segment \n \nThe segment reported customer revenues of ₹ 1,533 crore during the quarter ended             \nSeptember 30, 2025, registering a y-o-y growth of 10%.  \n \nThe segment EBIT for the quarter ended September 30, 2025, at ₹ 87 crore, is lower than \nthat of the corresponding quarter of the previous year at ₹ 125 crore. The decline is largely \nattributable to a prudent provision made for an unfavourable outcome in a sub-judice \nmatter in Nabha Power. Nevertheless, improved profitability in L&TMRHL, due to fare \nrevision, partially softened the impact. \n \n“Others” Segment \n \n“Others” segment comprises (a) Realty (b) Industrial Valves (c) Construction Equipment & \nMining Machinery and (d) Rubber Processing Machinery.  \n \nCustomer revenues of the segment during the quarter ended September 30, 2025 is                    \n₹ 1,416 crore, registering a de-growth of 14% y-o-y primarily due to lower handover of \nresidential units in the Realty business. \n \nExport sales constituted 19% of the total customer revenues of the segment during the \nquarter, primarily attributable to the Industrial Valves business. | Page: 5\n\n| IT & Technolo | gy Services ( | IT&TS) Seg | ment |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|\n| The segment | recorded cu | stomer re | venues of | ₹ | 13,274 cror | e for | the quar | ter ended |\n| September 30, | 2025, regis | tering a y | -o-y grow | th | of 13%, larg | ely in | line with | improved |\n| spending in th | e IT&TS sect | or. Interna | tional bill | ing | contributed | 92% of | the total | customer |\n| revenues. |  |  |  |  |  |  |  |  |\n| The EBITDA | margin for | the segm | ent was | low | er at 20.2% | for | the quar | ter ended |\n| September 30, | 2025 as com | pared to 21 | .0% in the | cor | responding q | uarter | of the pre | vious year. |\n| The shift is lar | gely attribut | able to inc | remental c | ost | s incurred to | wards | the newly | incubated |\n| businesses and | subdued ma | rgin in L&T | Technolo | gy S | ervices. |  |  |  |\n| Financial Serv | ices Segmen | t |  |  |  |  |  |  |\n| The segment re | corded inco | me from o | perations a | t ₹ | 4,166 crore | during | the quar | ter ended |\n| September 30, | 2025, regi | stering y- | o-y growt | h o | f 9% primar | ily att | ributable | to higher |\n| disbursements | in the retail | finance se | gment. |  |  |  |  |  |\n| The total Loan | Book, as of S | eptember | 2025, at ₹ | 10 | 7,096 crore g | rew by | 10% as co | mpared to |\n| ₹ 97,762 crore | in March 20 | 25. The Re | tail Loan B | oo | k now constit | utes 9 | 8% of the | total Loan |\n| Book as on Sep | tember 30, 2 | 025. |  |  |  |  |  |  |\n| The segment P | BT for the q | uarter end | ed Septem | ber | 30, 2025 at | ₹ 989 | crore, is h | igher than |\n| the correspond | ing quarter | of the prev | ious year | at | ₹ 940 crore. | The inc | rease is l | argely due |\n| to higher disbu | rsements co | ntributing t | o increase | in | Net Interest | Margin | and Fees. |  |\n| Development | Projects Seg | ment |  |  |  |  |  |  |\n| The segment | reported cu | stomer rev | enues of | ₹ 1 | ,533 crore | during | the quar | ter ended |\n| September 30, | 2025, regist | ering a y-o | -y growth | of 1 | 0%. |  |  |  |\n| The segment E | BIT for the q | uarter end | ed Septe | mbe | r 30, 2025, a | t ₹ 87 | crore, is l | ower than |\n| that of the cor | responding q | uarter of t | he previou | s ye | ar at ₹ 125 c | rore. T | he declin | e is largely |\n| attributable to | a prudent | provision | made for | an | unfavourable | outco | me in a | sub-judice |\n| matter in Nab | ha Power. N | evertheles | s, improv | ed | profitability | in L&T | MRHL, d | ue to fare |\n| revision, partia | lly softened | the impact | . |  |  |  |  |  |\n| “Others” Segm | ent |  |  |  |  |  |  |  |\n| “Others” segm | ent comprise | s (a) Realt | y (b) Indu | stri | al Valves (c) | Constr | uction Eq | uipment & |\n| Mining Machine | ry and (d) R | ubber Proc | essing Mac | hin | ery. |  |  |  |\n| Customer reve | nues of the | segment | during th | e q | uarter ende | d Sept | ember 3 | 0, 2025 is |\n| ₹ 1,416 crore, | registering | a de-grow | th of 14% | y-o | -y primarily | due to | lower ha | ndover of |\n| residential unit | s in the Real | ty business | . |  |  |  |  |  |\n| Export sales c | onstituted 1 | 9% of the | total cust | ome | r revenues | of the | segment | during the |\n| quarter, prima | rily attributa | ble to the | Industrial | Val | ves business. |  |  |  |\n|  |  |  |  |  |  |  |  | 4 |", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "The Company, for the half-year ended September 30, 2025, posted a consolidated Profit \nAfter Tax of ₹ 7,543 crore, registered a y-o-y growth of 22%. \n \nSimilarly, for the quarter ended September 30, 2025, consolidated Profit After Tax (PAT) at \n₹ 3,926 crore, registering a y-o-y growth of 16%. \n \nCommenting on the results, S N Subrahmanyan, Chairman and Managing Director, said: \n \n“The Company has reported a well-rounded financial performance across all \nparameters. Our ability to repeatedly secure large orders, across segments and \ngeographies is a true testimony to the Company’s leadership position in the EPC \ndomain. The consistent execution across a diverse portfolio highlights our strength in \neffectively navigating local / global challenges. We continue to witness higher capex \nspends, in both our primary geographies of India and the Middle East, and remain fairly \noptimistic about order prospects. \n \nWe reached an in-principle understanding with the Government of Telangana for the \ndivestment of our stake in L&T Metro Rail (Hyderabad) Limited (L&TMRHL). This is in \nline with our stated objective under Lakshya 2026 to exit the public concessions \nportfolio.  \n \nTo ensure long-term sustainable growth in a rapidly evolving business environment, \nefforts are ongoing to streamline and grow the emerging technology-led businesses, so \nto complement our core businesses in the domains of engineering, construction, \nmanufacturing and project management. Our IT&TS portfolio continues to perform \nwell. Lastly, L&T Finance’s strategy to focus on the retail lending space through \ninnovative products and tech-enabled operations has resulted in improved \nperformance of the company”. \n \nNote: \nThe key parameters of the Group and Segment Performance for the quarter and half-year ended                      \nSeptember 30, 2025, are shown in Annexure 1.  \n \nSegment composition is provided in Annexure 2. \n \nSegment-wise Performance Highlights for the quarter \n \nInfrastructure Projects Segment \n \nThe Infrastructure Projects segment secured order inflow of ₹ 52,686 crore during the \nquarter ended September 30, 2025, registering a growth of 6% over the corresponding \nquarter of the previous year despite the high base effect. International orders constituted \n48% of the total order inflow of the segment during the quarter aided by receipt of major \norders in the Building & Factories, Heavy Civil Infrastructure, Power Transmission & \nDistribution and Renewables businesses. \n \nThe segment order book stood at ₹ 394,706 crore as on September 30, 2025, with the share \nof international orders at 43%.", "subsection": "IT & Technology Services (IT&TS) Segment \n \nThe segment recorded customer revenues of ₹ 13,274 crore for the quarter ended                 \nSeptember 30, 2025, registering a y-o-y growth of 13%, largely in line with improved \nspending in the IT&TS sector. International billing contributed 92% of the total customer \nrevenues. \n \nThe EBITDA margin for the segment was lower at 20.2% for the quarter ended          \nSeptember 30, 2025 as compared to 21.0% in the corresponding quarter of the previous year. \nThe shift is largely attributable to incremental costs incurred towards the newly incubated \nbusinesses and subdued margin in L&T Technology Services. \n \nFinancial Services Segment \n \nThe segment recorded income from operations at ₹ 4,166  crore during the quarter ended \nSeptember 30, 2025, registering y-o-y growth of 9% primarily attributable to higher \ndisbursements in the retail finance segment. \n \nThe total Loan Book, as of September 2025, at ₹ 107,096 crore grew by 10% as compared to \n₹ 97,762 crore in March 2025. The Retail Loan Book now constitutes 98% of the total Loan \nBook as on September 30, 2025. \n \nThe segment PBT for the quarter ended September 30, 2025 at ₹ 989 crore, is higher than \nthe corresponding quarter of the previous year at ₹ 940 crore. The increase is largely due \nto higher disbursements contributing to increase in Net Interest Margin and Fees. \n \n \nDevelopment Projects Segment \n \nThe segment reported customer revenues of ₹ 1,533 crore during the quarter ended             \nSeptember 30, 2025, registering a y-o-y growth of 10%.  \n \nThe segment EBIT for the quarter ended September 30, 2025, at ₹ 87 crore, is lower than \nthat of the corresponding quarter of the previous year at ₹ 125 crore. The decline is largely \nattributable to a prudent provision made for an unfavourable outcome in a sub-judice \nmatter in Nabha Power. Nevertheless, improved profitability in L&TMRHL, due to fare \nrevision, partially softened the impact. \n \n“Others” Segment \n \n“Others” segment comprises (a) Realty (b) Industrial Valves (c) Construction Equipment & \nMining Machinery and (d) Rubber Processing Machinery.  \n \nCustomer revenues of the segment during the quarter ended September 30, 2025 is                    \n₹ 1,416 crore, registering a de-growth of 14% y-o-y primarily due to lower handover of \nresidential units in the Realty business. \n \nExport sales constituted 19% of the total customer revenues of the segment during the \nquarter, primarily attributable to the Industrial Valves business.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "675eda3e67eb6b28", "content": "[TABLE] Company: L&T | Year: FY2025 | Section: The EBITDA margin for the segment was higher at 31.3% for the quarter ended         \nSeptember 30, 2025, compared to 25.1% in the corresponding quarter of the previous year, \naided by a sale of commercial property in the Realty business. \n \nOutlook \n \nIndia’s economic outlook remains resilient, as healthy domestic fundamentals facilitate \nnavigation of the global geopolitical and macroeconomic situations.  \n \nThe country’s GDP growth is projected to remain robust between 6.5%-7.0% in FY2026, \nsupported by retail and government consumption, steady capex and an expanding services \nsector. With consumer price inflation having moderated, there appears to be adequate \nspace for a reduction in policy rates. Together, these factors are expected to justify India’s \nposition as one of the world’s fastest-growing major economies. \n \nThe global economy continues to face growth challenges due to increasing trade \nprotectionism and persisting regional conflicts. Global GDP growth is projected lower at \n~3.0% as ongoing policy uncertainties, including trade and tariff policies, impacts \ninvestment and supply chains. \n \nThe GCC economy is likely to remain stable led by a rebound in oil output, stable inflation, \nand continued investment in non-oil sectors. The current policy and environment remain \npositive. \n \nAgainst this economic backdrop, the Company has the necessary capability and flexibility to \ncontinuously rebalance its approach and strategy to benefit under the ever-changing \nbusiness environment. The Company remains focussed on tapping the emerging \nopportunities, invest and grow its new businesses, and ensure long-term sustainable growth \nfor its stakeholders. \n \n \nBackground: \nLarsen & Toubro is a USD 30 billion Indian multinational engaged in EPC Projects, Hi-Tech \nManufacturing, and Services, operating across multiple geographies. A strong, customer–focussed \napproach and the constant quest for top-class quality have enabled L&T to attain and sustain \nleadership in its major lines of business for eight decades.  \n \nMedia Contact: \nSumeet Chatterjee \n \n \n \n \n \n \nHead - Corporate Brand Management & Communications \nsumeet.chatterjee@larsentoubro.com | Page: 6\n\n| The EBITDA margin for the segm | ent was high | er at 31.3% | for the | quarter ended |\n|---|---|---|---|---|\n| September 30, 2025, compared to 25 | .1% in the corre | sponding qua | rter of t | he previous year, |\n| aided by a sale of commercial proper | ty in the Realty | business. |  |  |\n| Outlook |  |  |  |  |\n| India’s economic outlook remains r | esilient, as hea | lthy domestic | fundam | entals facilitate |\n| navigation of the global geopolitical | and macroecon | omic situation | s. |  |\n| The country’s GDP growth is projec | ted to remain | robust betwe | en 6.5% | -7.0% in FY2026, |\n| supported by retail and government | consumption, s | teady capex a | nd an ex | panding services |\n| sector. With consumer price inflati | on having mode | rated, there | appears | to be adequate |\n| space for a reduction in policy rates. | Together, thes | e factors are e | xpected | to justify India’s |\n| position as one of the world’s fastest | -growing major | economies. |  |  |\n| The global economy continues to | face growth | challenges d | ue to | increasing trade |\n| protectionism and persisting regiona | l conflicts. Glo | bal GDP grow | th is pr | ojected lower at |\n| ~3.0% as ongoing policy uncertain | ties, including | trade and | tariff p | olicies, impacts |\n| investment and supply chains. |  |  |  |  |\n| The GCC economy is likely to remain | stable led by a | rebound in oil | output, | stable inflation, |\n| and continued investment in non-oil | sectors. The c | urrent policy | and env | ironment remain |\n| positive. |  |  |  |  |\n| Against this economic backdrop, the | Company has th | e necessary ca | pability | and flexibility to |\n| continuously rebalance its approac | h and strategy | to benefit u | nder th | e ever-changing |\n| business environment. The Comp | any remains | focussed on | tapping | the emerging |\n| opportunities, invest and grow its ne | w businesses, a | nd ensure long | -term su | stainable growth |\n| for its stakeholders. |  |  |  |  |\n| Background: |  |  |  |  |\n| Larsen & Toubro is a USD 30 billion | Indian multinat | ional engaged | in EPC | Projects, Hi-Tech |\n| Manufacturing, and Services, operating | across multiple | geographies. A | strong, | customer–focussed |\n| approach and the constant quest for t | op-class quality | have enabled | L&T to | attain and sustain |\n| leadership in its major lines of business f | or eight decades | . |  |  |\n| Media Contact: |  |  |  |  |\n| Sumeet Chatterjee |  |  |  |  |\n| Head - Corporate Brand Management & Comm | unications |  |  |  |\n| sumeet.chatterjee@larsentoubro.com |  |  |  |  |\n|  |  |  |  | 5 |", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "The EBITDA margin for the segment was higher at 31.3% for the quarter ended         \nSeptember 30, 2025, compared to 25.1% in the corresponding quarter of the previous year, \naided by a sale of commercial property in the Realty business. \n \nOutlook \n \nIndia’s economic outlook remains resilient, as healthy domestic fundamentals facilitate \nnavigation of the global geopolitical and macroeconomic situations.  \n \nThe country’s GDP growth is projected to remain robust between 6.5%-7.0% in FY2026, \nsupported by retail and government consumption, steady capex and an expanding services \nsector. With consumer price inflation having moderated, there appears to be adequate \nspace for a reduction in policy rates. Together, these factors are expected to justify India’s \nposition as one of the world’s fastest-growing major economies. \n \nThe global economy continues to face growth challenges due to increasing trade \nprotectionism and persisting regional conflicts. Global GDP growth is projected lower at \n~3.0% as ongoing policy uncertainties, including trade and tariff policies, impacts \ninvestment and supply chains. \n \nThe GCC economy is likely to remain stable led by a rebound in oil output, stable inflation, \nand continued investment in non-oil sectors. The current policy and environment remain \npositive. \n \nAgainst this economic backdrop, the Company has the necessary capability and flexibility to \ncontinuously rebalance its approach and strategy to benefit under the ever-changing \nbusiness environment. The Company remains focussed on tapping the emerging \nopportunities, invest and grow its new businesses, and ensure long-term sustainable growth \nfor its stakeholders. \n \n \nBackground: \nLarsen & Toubro is a USD 30 billion Indian multinational engaged in EPC Projects, Hi-Tech \nManufacturing, and Services, operating across multiple geographies. A strong, customer–focussed \napproach and the constant quest for top-class quality have enabled L&T to attain and sustain \nleadership in its major lines of business for eight decades.  \n \nMedia Contact: \nSumeet Chatterjee \n \n \n \n \n \n \nHead - Corporate Brand Management & Communications \nsumeet.chatterjee@larsentoubro.com", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "a6161b7aeb79abab", "content": "[TABLE] Company: L&T | Year: FY2025 | Section: 884\n               \n               763 \n-14%\nFinance costs\n1,746\n           \n            1,544 \n-12%\n1,024\n           \n            1,092 \n7%\nDepreciation & Amortisation\n2,022\n           \n            2,125 \n5%\n            3,395             3,926 \n16%\nConsolidated Profit After Tax\n            6,181             7,543 \n22% > 1---------------------<I \n1-----1 ---------< | Page: 7\n\n| Q 2 F Y '2 5 Q 2 | F Y '2 6 % | V a r |  | K e y P a r | a m | e t e r s ( in | ₹ c r | o r e ) | H 1 F Y '2 5 | H 1 F Y '2 | 6 | % V a |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| 6 1 ,5 5 5 | 6 7 ,9 8 4 1 | 0 % R | e v | e n u e f r o | m o | p e r a t io n s |  |  | 1 ,1 6 ,6 7 4 | 1 ,3 1 ,6 | 6 2 | 1 3 % |\n| 5 2 % | 5 6 % | I | n t e | r n a t io n a l | r e v | e n u e % |  |  | 5 0 % | 5 | 4 % |  |\n| 5 5 ,1 9 3 | 6 1 ,1 7 8 1 | 1 % T | o t | a l o p e r a t i | o n a | l e x p e n s | e s |  | 1 ,0 4 ,6 9 7 | 1 ,1 8 ,5 | 3 8 | 1 3 % |\n| 6 ,3 6 2 | 6 ,8 0 6 7 | % E | B I | T D A |  |  |  |  | 1 1 ,9 7 7 | 1 3 ,1 | 2 4 | 1 0 % |\n| 1 0 .3 % | 1 0 .0 % | E | B I | T D A % |  |  |  |  | 1 0 .3 % | 1 0 . | 0 % |  |\n| 8 8 4 | 7 6 3 - 1 | 4 % F | in a | n c e c o s t s |  |  |  |  | 1 ,7 4 6 | 1 ,5 | 4 4 | - 1 2 % |\n| 1 ,0 2 4 | 1 ,0 9 2 7 | % D | e p | r e c ia t io n | & | A m o r t is a t | io n |  | 2 ,0 2 2 | 2 ,1 | 2 5 | 5 % |\n| 3 ,3 9 5 | 3 ,9 2 6 1 | 6 % C | o n | s o lid a t e d | P r | o f it A f t e r | T a x |  | 6 ,1 8 1 | 7 ,5 | 4 3 | 2 2 % |\n|  |  |  |  | Segmen | t | Wise De | tail | s |  |  |  |  |\n| Segment (in ₹ Cr | ore) |  |  | Order I | nfl | ow | C | ustomer Re | venue EBI | TDA M | argi | n (%) |\n| Infrastructure Pr | ojects |  | Q2 | FY'25 49,522 | Q | 2 FY'26 52,686 | Q | 2 FY'25 Q 31,954 | 2 FY'26 Q2 31,759 | FY'25 6.0% | Q2 | FY'26 6.3% |\n| Energy Projects |  |  |  | 7,757 |  | 38,156 |  | 8,869 | 13,082 | 8.9% |  | 7.3% |\n| Hi-Tech Manufac | turing |  |  | 3,920 |  | 2,582 |  | 2,063 | 2,754 | 12.8% |  | 14.7% |\n| IT & Technology | Services |  |  | 11,798 |  | 13,274 |  | 11,798 | 13,274 | 21.0% |  | 20.2% |\n| Financial Service | s |  |  | 3,837 |  | 4,166 |  | 3,837 | 4,166 | Refer | Note | 1 |\n| Development Pr | ojects |  |  | 1,384 |  | 1,531 |  | 1,387 | 1,533 | Refer | Note | 2 |\n| Others |  |  |  | 1,828 |  | 3,389 |  | 1,648 | 1,416 | 25.1% |  | 31.3% |\n| Total |  |  |  | 80,045 | 1 | ,15,784 |  | 61,555 | 67,984 |  |  |  |\n| Segment (in ₹ Cr | ore) |  |  | Order I | nfl | ow | C | ustomer Re | venue EBI | TDA M | argi | n (%) |\n| Infrastructure Pr | ojects |  | H1 | FY'25 89,575 | H | 1 FY'26 93,710 | H | 1 FY'25 H 58,862 | 1 FY'26 H1 60,516 | FY'25 5.9% | H1 | FY'26 6.0% |\n| Energy Projects |  |  |  | 16,549 |  | 69,576 |  | 17,361 | 25,545 | 8.9% |  | 7.4% |\n| Hi-Tech Manufac | turing |  |  | 7,597 |  | 4,471 |  | 3,909 | 5,981 | 15.0% |  | 14.9% |\n| IT & Technology | Services |  |  | 23,303 |  | 25,893 |  | 23,303 | 25,893 | 20.5% |  | 19.8% |\n| Financial Service | s |  |  | 7,501 |  | 8,137 |  | 7,501 | 8,137 | Refer | Note | 1 |\n| Development Pr | ojects |  |  | 2,711 |  | 2,773 |  | 2,717 | 2,781 | Refer | Note | 2 |\n| Others |  |  |  | 3,746 |  | 5,676 |  | 3,022 | 2,808 | 24.3% |  | 32.1% |\n| Total |  |  | 1 , | 50,982 | 2 | ,10,237 | 1 | ,16,674 1 | ,31,662 |  |  |  |\n| Note 1: |  |  |  |  |  |  |  |  |  |  |  |  |\n| F in a n c ia l S e r v | ic e s |  |  | Q 2 F Y '2 5 |  | Q 2 F Y '2 | 6 | H 1 F Y '2 5 | H 1 F Y '2 6 |  |  |  |\n| 1---- N I M + F e e s % | ----- | --- | - | ---- 1 0 . 9 | - % | --- 1 0 . | il t 2 % | -----l- --- 1 1 . 0 % | -----< 1 0 . 2 % |  |  |  |\n| Note 2: |  |  |  |  |  |  |  |  |  |  |  |  |\n| Development | Projects (₹ | crore) |  | Q2 FY'25 |  | Q2 FY'2 | 6 | H1 FY'25 | H1 FY'26 |  |  |  |\n| 1EBI-T --- | ----- | ---- | - | - - - 12 | -5 - | - - < | 87I 1 | - - - - - 1 - 2-6-2- | - - - - 2 -1<9 |  |  |  |\n|  |  |  |  |  |  |  |  |  |  |  | 6 |  |", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "884\n               \n               763 \n-14%\nFinance costs\n1,746\n           \n            1,544 \n-12%\n1,024\n           \n            1,092 \n7%\nDepreciation & Amortisation\n2,022\n           \n            2,125 \n5%\n            3,395             3,926 \n16%\nConsolidated Profit After Tax\n            6,181             7,543 \n22%", "subsection": "1---------------------<I \n1-----1 ---------<", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "374312c31622d2ad", "content": "[TABLE] Company: L&T | Year: FY2025 | Section: Others\nRealty, Industrial Valves, Construction Equipment & Mining\nMachinery, Rubber Processing Machinery | Page: 8\n\n| Segments | Composition |  |  |\n|---|---|---|---|\n|  | Building & Factories, | Transportation | Infrastructure, |\n| Infrastructure Projects | Infrastructure, Power | Transmission & | Distribution, |\n|  | Water & Effluent Tre | atment, Mineral | s & Metals |\n|  | Energy Hydrocarbon - | Onshore and O | ffshore, Energy |\n| Energy Projects | Solutions, Clean Ener Heavy Engineering, Pr | gy EPC ecision Enginee | ring & Systems |\n| Hi-Tech Manufacturing | Manufacturing LTIMindtree Limited, | L&T Technology | Services Limit |\n| IT & Technology Services | Digital Platforms, Dat | a Centers, Sem | iconductor Tec |\n| Financial Services | L&T Finance Limited |  |  |\n| Development Projects | Hyderabad Metro, Na | bha Power, Gre | en Energy |\n|  | Realty, Industrial Val | ves, Constructio | n Equipment & |", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "Others\nRealty, Industrial Valves, Construction Equipment & Mining\nMachinery, Rubber Processing Machinery", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "b56f51ebb9222cca", "content": "[TABLE] Company: L&T | Year: FY2025 | Section: e \nLARSEN & TOUBRO LIMITED \nRegistered Office: L&T House, Ballard Estate, Mumbai 400 001 \n- > 4 \nExceptional items \n-\n-\n-\n-\n474,78 | Page: 9\n\n| 1 a) b) 2 a) b) c) d) e) f) 3 4 5 6 | Income: Revenue from Other income ( Total Income Expenses: Manufacturing, i) Cost of raw m ii) Construction iii) Purchase of iv) Stores, spar v) Sub-contract vi) Changes in vii) Other manu Finance cost o Employee bene Sales, administ Finance costs Depreciation, a Total Expense Profit before e Exceptional it Profit before t Tax expense: | operations net) construction and aterials and com materials consu stock-in-trade es and loose too ing charges inventories of fini facturing, constr f financial service fits expense ration and other mortisation, impa s xceptional item ems ax (3+4) | operating ponents c med ls consum shed goo uction and s busines expenses irment an s and tax | Particulars expenses: onsumed ed ds, stock-in-trade an operating expenses s and finance lease d obsolescence (1-2) | d work-in-progr activity | ess | Se [ | Quar ptember 30, Ju 2025 Reviewed] [Re 67983,53 1384,28 69367.81 7572,63 16034,77 302.08 985.17 11001.47 (168,68) 7861,03 1706,83 12985.98 2895,84 762,81 1091,77 63031.70 6336.11 - 6336.11 | ter ended ne 30, Sep 2025 viewed] [R 63678.92 1356.78 65035.70 6650,27 13951.77 212.36 1008,21 11357,06 (493,30) 7544.45 1706.35 12638.44 2785,65 781,61 1033.30 59176.17 5859.53 5859.53 | tember 30, Sep 2024 eviewed] [R 61554,58 1101.27 62655.85 6204.75 17032.66 331,86 1047.51 9070,31 (477.33) 6247.76 1555.01 11455.65 2724.36 884.38 1023.84 57100.76 5555.09 - 5555.09 | Six months en tember 30, Sep 2025 eviewed] [R 131662.45 2741,06 134403.51 14222.90 29986,54 514.44 1993.38 22358.53 (661.98) 15405.48 3413.18 25624.42 5681.49 1544.42 2125.07 122207.87 12195.64 - 12195.64 | ded Ye tember 30, M 2024 eviewed] [ 116674.40 2021.91 118696.31 11396,24 29492,69 683,50 1992,64 18307.29 (633,63) 12394,81 2985,54 22499.17 5578.82 1745.74 2021.76 108464.57 10231.74 - 10231.74 | ar ended arch 31, 2025 Audited] 255734.45 4124,82 259859,27 27655.02 63526.44 1402,14 4393,39 40570,92 (410,79) 27533.55 6302,23 46768,68 11558,13 3334.37 4121.18 236755.26 23104.01 474,78 23578.79 |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| a) b} 7 8 9 10 a) b) 11 12 13 14 ote (i) | Current tax Deferred tax Total tax expe Net profit afte Share in profiV Net profit afte Attributable to Other compre i) Items that will ii) Income tax r i) Items that will ii) Income tax r Other compre Attributable to: Total compreh Attributable to: Paid-up equity Other equity at Earnings per e (a) Basic EPS ( (b) Diluted EPS s: During the qua | nse r tax (5-6) (loss) after tax of r tax and share i : Owners of the Non-controlling hensive income not be reclassifi elating to items th be reclassified t elating to items th hensive income Owners of the C Non-controlling i ensive income Owners of the C Non-controlling i share capital (fa tributable to own quity share (EP <) (<) rter, the Compan | joint vent n profit/(l Compan interests (OCI) ed to prof at will no o profit an at will be [net of ta ompany nterests (9+10) ompany nterests ce value o ers of the S) (not an y has allot | ures/associates (net) oss) of joint ventur y it and loss t be reclassified to p d loss reclassified to profit x]-(a+b} f share:< 2 each) Company nualised): ted 1,96,577 equity | es/associates rofit and loss and loss shares of< 2 e | (7+8) ach fully pai | d-up, on exercis | 1576.97 72.05 1649.02 4687.09 (9.08) 4678.01 3926.09 • 751.92 (31,60) 7.45 (628,08) 162.69 (489.54) (268.08) (221.46) 4188.47 3658.01 530.46 275.11 28.54 28.53 e of stock options by | 1518.50 15.46 1533.96 4325.57 (7.40) 4318.17 3617.19 700.98 (90,68) 26.95 1345.57 (122.93) 1158.91 1157.30 1.61 5477.08 4774.49 702.59 275.07 26.30 26.29 employees in | 1493.18 (50.90) 1442.28 4112.81 (13.97) 4098.84 3395.29 703.55 (61.43) 13.74 450.16 (44.16) 358.31 422.98 (64.67) 4457.15 3818.27 638.88 275.00 24.69 24.68 accordance with t | 3095.47 87.51 3182.98 9012.66 (16.48) 8996.18 7543.28 1452.90 (122.28) 34.40 717.49 39.76 669.37 889,22 (219,85) 9665.55 8432,50 1233,05 275.11 54,85 54.82 he Company's st | 2828.65 (149.83) 2678.82 7552.92 (9.40) 7543.52 6181.01 1362.51 (114.90) 27.72 751.54 (109.93) 554.43 570.83 (16.40) 8097.95 6751.84 1346.11 275.00 44.96 44.92 ock option schem | 6100.82 (209.42) 5891.40 17687.39 (14.06) 17673.33 15037.11 2636.22 (308.74) 69.24 356.73 (105.94) 11.29 37.35 (26.06) 17684.62 15074.46 2610.16 275,04 97380,56 109.36 109,28 es. |", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 9, "section": "e \nLARSEN & TOUBRO LIMITED \nRegistered Office: L&T House, Ballard Estate, Mumbai 400 001 \n-", "subsection": "4 \nExceptional items \n-\n-\n-\n-\n474,78", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "c7c099f8a9e45871", "content": "[TABLE] Company: L&T | Year: FY2025 | Section: e \nLARSEN & TOUBRO LIMITED \nRegistered Office: L&T House, Ballard Estate, Mumbai 400 001 \n- > 4 \nExceptional items \n-\n-\n-\n-\n474,78 | Page: 10\n\n|  | Investment pro Investment pro Goodwill Other intangibl Intangible asse Right-of-use as Financial asset Deferred tax as Current tax ass | perty perty under constructi e assets ts under developmen sets s: Investments in joint v Other investments Loans towards financ Other loans Other financial asset sets (net) ets (net) | on t entures and ing activities s | associates | 1130.27 665.10 8615.23 16813.08 305.47 3404.49 2501.62 8249.87 69754.61 380.08 1524.18 3746.72 4825.17 | 1157.33 501.30 8348.48 17050.76 197.82 2869.02 2318.42 9126.23 62847.35 348.96 1863.04 3792.88 4581.60 |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|---|---|---|\n|  | Other non-curr Current assets Inventories Financial asset | ent assets Sub-t s: Investments Trade receivables | otal -Non-c | urrent assets | 2374.91 142015.87 8313.65 44428.33 53654.94 | 2659.78 134182.39 7670.55 43360.62 53713.68 |  |  |  |  |  |\n|  | Other current a | Cash and cash equiv Other bank balances Loans towards financ Other loans Other financial asset ssets | alents ing activities s |  | 9791.11 8904.16 38708.54 456.59 6435.87 78268.66 | 12187.00 10778.34 36077.51 416.85 5419.89 75559.83 |  |  |  |  |  |\n|  | Group(s) of as | Sub sets classified as h | -total -Curr eld for sale | ent assets | 248961.85 | 245184.27 157.44 |  |  |  |  |  |\n|  |  |  | TOTAL AS | SETS | 124.90 391102.62 | 379524.10 |  |  |  |  |  |\n|  | EQUITY AND L EQUITY | IABILITIES: Equity share capital Other equity |  |  | 275.11 101108.44 | 275.04 97380.56 |  |  |  |  |  |\n|  | Equity attribut LIABILITIES Non-current li Financial liabilit | able to owners of th Non-controlling inter abilities ies: | e Company est TOTAL EQ | UITY | 101383.55 18423.58 119807.13 | 97655.60 17748.08 115403.68 |  |  |  |  |  |\n|  | Provisions Deferred tax lia | Borrowings Lease liabilities Other financial liabilit bilities (net) | ies |  | 66942.55 2657.20 744.09 1168.40 410.71 | 57503.34 2265.24 252.18 1124.01 410.01 |  |  |  |  |  |\n|  | Other non-curr Current liabilit Financial liabilit | ent liabilities Sub-to ies ies: Borrowings Current maturities of Lease liabilities Trade payables: | tal -Non-cur long term bo | rent liabilities rrowings | 586.01 72508.96 33655.71 30023.51 722.16 | 594.74 62149.52 35861.30 36194.70 584.34 |  |  |  |  |  |\n|  | Other current li Provisions Current tax liab | Due to micro ent Due to others Other financial liabilit abilities ilities (net) Sub- | erprises and ies total -Curre TOTAL LIAB | small enterprises nt liabilities ILITIES | 1578.12 51291.09 6664.22 66846.94 5050.16 2954.62 198786.53 | 1417.65 51041.69 6273.37 63326.97 4691.67 2579.21 201970.90 |  |  |  |  |  |\n| e Com E (ww | pany reports it w.bseindia.com | TOTAL s consolidated financi ) and NSE (www.nse | EQUITY AN al results on india.com). T | D LIABILITIES a quarterly basis. The standalone financial result he specified items of the standalone financial res | 271295.49 391102.62 s are available o ults of the Comp | 264120.42 379524.10 n the Company any for the qua | 's w rter | ebsite viz. www.l and six months e | arsentoubro.com nded September | and on the websi 30, 2025 are giv | tes of en below: f Cror |\n| a) b) | Revenue from Profit before ex | operations ceptional items and t | Particulars ax | Sep [R | Qua tember 30, 2-025 eviewed] [R 35115.74 2431.23 | rter ended June 30, S 2025 eviewed] 33470.73 4040.09 | ept [Re | ember 30, Sept 2024 viewed] [Re 34918.91 2694.56 | Six months end ember 30, Sept 2025 viewed] [Re 68586.47 6471.32 | ed Yea ember 30, Ma 2024 viewed] [A 65196.06 1 6088.28 | r ended rch 31, 2025 udited] 42509.01 13098.98 |", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "e \nLARSEN & TOUBRO LIMITED \nRegistered Office: L&T House, Ballard Estate, Mumbai 400 001 \n-", "subsection": "4 \nExceptional items \n-\n-\n-\n-\n474,78", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "0d8adeab94c2f6dd", "content": "[TABLE] Company: L&T | Year: FY2025 | Section: e \nLARSEN & TOUBRO LIMITED \nRegistered Office: L&T House, Ballard Estate, Mumbai 400 001 \n- > 4 \nExceptional items \n-\n-\n-\n-\n474,78 | Page: 11\n\n| v) A Sr. | dditional dis | closures as | per Reg Pa | ulation rticular | 52(4) of SE s | BI (Listing Obligations an Septe | d Disclos mber 30, | ure Re Quar Ju | quirements) ter ended ne 30, Se | Regulations, 2015 ptember 30, Sep | : Six months end tember 30, Septe | ed Yea mber 30, Ma | r ended rch 31, |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| No. 1 2 | Debt equity r Debt service | atio coverage rati | o (DSC | R) |  |  | 2025 1.09 |  | 2025 1.13 | 2024 1.17 | 2025 1.09 | 2024 1.17 | 2025 1.12 |\n| 3 | Interest servi | ce coverage r | atio (IS | CR) |  |  | 6.00 7.96 |  | 0.92 | 2.86 6.11 | 1.64 7.55 | 1.89 5.67 | 2.55 |\n| 4 |  |  |  |  |  |  |  |  | 7.15 |  |  |  | 6.75 |\n| 5 | Current ratio Long term de | bt to working | capital | ratio |  |  | 1.25 1.21 |  | 1.21 1.25 | 1.17 1.25 | 1.25 1.21 | 1.17 1.25 | 1.21 |\n| 6 | Bad debts to | accounts rec | eivable | ratio |  |  |  |  |  |  |  |  | 1.18 |\n| 7 |  |  |  |  |  |  | 0.00 |  | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |\n| 8 | Current liabili Total debt to | ty ratio total assets r | atio |  |  |  | 0.73 0.33 |  | 0.75 | 0.78 0.35 | 0.73 | 0.78 0.35 | 0.76 |\n| 9 | Debtors turno | ver ratio |  |  |  |  |  |  | 0.34 |  | 0.33 |  | 0.34 |\n| 10 |  |  |  |  |  |  | 4.45 |  | 4.40 | 4.17 | 4.45 | 4.17 | 4.31 |\n| 11 | Operating m | argin(%) |  |  |  |  | 10.01% |  | 9.92% | 10.34% | 9.97% | 10.27% | 10.34% |\n| 12 13 14 Note (a) | Net profit ma Inventory turn Capital Rede Net worth ls s: The ratios ar | rgin(%) over ratio (re mption Reser Crore] (As per e to be read a | fer note ve/Deb section nd inter | below) enture R 2(57) of preted c | edemption Companies onsidering | Reserve ls Crore] Act, 2013) that the Group has diversifie | 6.88% NA 338.23 98737.80 d nature | of busin | 6.78% NA 338.23 94839.81 esses. | 6.66% NA 338.23 87178.56 | 6.83% NA 338.23 98737.80 | 6.47% NA 338.23 87178.56 | 6.91% N 338.23 95987.31 |\n| (b) Sr. No. 1 | Formulae for Debt equity r | computation atio | of abov Pa | e ratios rticular | are as follo s | ws: Fin | ance cost | sA + Pr | Profit befo incipal repaym | Formula Total borrowi Total equi re interest, tax and ents (net of refina | e ngs ty exce12tional items ncing) made during | A the period for lo | ng term |\n| 2 | Debt service | coverage rati | o (DSC | R) |  |  |  | (A Exc | luding Financ Profit befo | borrowings ial Services and Fi re interest, tax and Finance cos | A nance lease model exceQtional items tsA | business) A |  |\n| 3 4 | Interest servi Current ratio | ce coverage r | atio (IS | CR) |  |  |  | (A Exc | luding Financ | ial Services and Fi Current ass | nance lease model ets | business) |  |\n|  |  |  |  |  |  |  | Lo | ng term | borrowings (i | Current liabil ncluding current m | ities aturities of long ter | m borrowings) |  |\n| 5 6 7 | Long term de Bad debts to Current liabili | bt to working accounts rec ty ratio | capital eivable | ratio ratio |  |  | Current a | ssets(- | ) Current liabi Av (A | lities [excluding cu Bad debts erage gross trade Excluding Financi Current liabil Total liabilit | rrent l'(laturities of l A receivablesA al Services) ities ies | ong term borrowi | ngs] |\n| 8 9 | Total debt to Debtors turn | total assets r over ratio | atio |  |  |  |  | Pro | Revenue Av (A fit before dep | Total borrow Total asse from operations for erage gross trade Excluding Financi reciation, interest\\ (-) Other inc | ings ts trailing 12 months receivablesA al Services) tax and exception ome | A al items |  |\n| 10 | Operating m | argin(%) |  |  |  |  | (A Excl | uding F Net pro | inance cost o fit after tax an | Revenue from op f Financial Service d share in profit/(lo | erations s and Finance leas ss) of joint venture | e model busines s/associates | s) |\n| 11 | Net profit ma | rgin(%) |  |  |  |  |  |  |  | Revenue from op Cost of Goods Average Inve | erations Sold ntory |  |  |", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "e \nLARSEN & TOUBRO LIMITED \nRegistered Office: L&T House, Ballard Estate, Mumbai 400 001 \n-", "subsection": "4 \nExceptional items \n-\n-\n-\n-\n474,78", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "526de19111d17067", "content": "[TABLE] Company: L&T | Year: FY2025 | Section: e \nLARSEN & TOUBRO LIMITED \nRegistered Office: L&T House, Ballard Estate, Mumbai 400 001 \n- > 4 \nExceptional items \n-\n-\n-\n-\n474,78 | Page: 12\n\n| C. otes: 1 2 vii) viii) | Net c Cash Net c Net i Cash Effec Cash State Flows Prope plant Figur The a accor | (Purchase)/sale of cu Change in other bank Deposits/loans given Deposits/loans repaid Interest received Dividend received fro Dividend received on Consideration receive Consideration receive Consideration receive Consideration paid o Consideration paid o Cash and cash equiv Consideration paid o ash generated from/ flow from financing Proceeds from issue Proceeds from non-c Repayment of non-cu Proceeds from/(repay Payment (to)/from no Settlement of derivati Dividends paid Repayment of lease l Interest paid on lease Interest paid (includin ash generated from/ ncrease/(decrease) i and cash equivalen t of exchange rate c and cash equivalen ment of Cash Flows h \" as specified in the rty, plant and equipm and equipment and I es for the previous pe bove consolidated fin dance with the recog | rrent investments balance and cas to associates, joi by associates, jo m joint ventures/ other investment d on disposal of d on transfer of d on transfer of n acquisition of b n acquisition of su alents acquired p n acquisition of st (used in) invest activities: of share capital (i urrent borrowings rrent borrowings ment of) other bo n-controlling inter ve contracts relat iability liability g cash flows on a (used in) financ n cash and cash ts at beginning hanges on cash ts at end of the as been prepare Companies (India ent, Investment p nvestment proper riods have been ancial results of t nition and measu | (net) h not available for imm nt ventures and third p int ventures and third associates s subsidiaries/joint ventu business undertaking i other business underta usiness bsidiaries (including c ursuant to acquisition ake in an associate/joi ing activities ncluding share applica rrowings (net) est (net) ed to borrowings ccount of interest rate ing activities equivalents (A+ B + of the period and cash equivalent period d under the Indirect Me n Accounting Standard roperty and Intangible ty and (b) Intangible as regrouped/reclassified he Parent Company in rement principles laid d | ediate use arties parties re n Development Pr king ontingent consider of subsidiaries/bus nt venture tion money) [net] swaps) C) s thod as set out in s) Rules, 2015. assets are adjust sets under develo to conform to the cluding its Subsidi own in the Indian | ojects business ation) iness the Indian Accounting St ed for movement of (a) C pment during the period. classification of the curre aries, Associates & Joint Accounting Standards (I | 2321.46 2027.66 (168.24) 140.24 1470.06 11.69 58.28 - - - (709.21) (141.03) 89.34 (253.99) 1055.68 6.07 22925.24 (20198.49) (2536.30) (707.24) 13.68 (4676.22) (380.22) (109.62) (1822.08) (7485.18) (2613.37) 12187.00 217.48 9791.11 andard (Ind AS) 7 apital work-in-prog nt periods. Ventures have be nd AS) as prescrib | (1757.53) (3360.36) (339.00) 55.03 1001.62 11.97 58.05 1068.73 324.96 52.54 - (140.83) 3.12 (12.50) (4685.67) 6.10 14760.99 (15436.54) 10662.89 (941.92) 31.56 (3849.57) (260.49) (90.23) (2226.40) 2656.39 (1783.22) 11958.50 30.08 10205.36 \"Statement ress for Pro en prepared ed under se |\n|---|---|---|---|---|---|---|---|---|\n|  | 133 o Thes same | f the Companies Act, e results have been r have also been subj | 2013 read with th eviewed by the Au ected to Limited R | e relevant rules issue dit Committee and ap eview by the Statutory | d thereunder and t proved by the Boa Auditor. | he other accounting prin rd of Directors at its mee | ciples generally ac ting held on Octob | cepted in Ind er 29, 2025. |\n|  |  |  |  |  |  | f | or LARSEN & TOU | BRO LIMIT |\n|  | Mum | bai |  |  |  | S | ·N; | _~ |", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "e \nLARSEN & TOUBRO LIMITED \nRegistered Office: L&T House, Ballard Estate, Mumbai 400 001 \n-", "subsection": "4 \nExceptional items \n-\n-\n-\n-\n474,78", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "27215b5ed796b3a5", "content": "[TABLE] Company: L&T | Year: FY2025 | Section: .-A .... \n1 ~-\n,\"CT - r | Page: 13\n\n| 2 3 4 5 6 7 Net Seg 1 2 3 4 5 6 7 | Energy Projects Hi-Tech Manufacturi IT & Technology Ser Financial Services Development Project Others Total Less: Inter-segmen segment revenue ment results Infrastructure Project Energy Projects Hi-Tech Manufacturi IT & Technology Ser Financial Services Development Project Others | ng vices s t revenu s ng vices s | e |  |  | 13090.34 2830.84 13353.52 4166.33 1533.00 1612.00 68734.65 751.12 67983.53 1637.52 886.32 345.15 2210.84 988.89 86.95 409.92 | 12467.57 3362.11 12679.04 3971.01 1249.28 1519.22 64279.59 600.67 63678.92 1273.27 853.40 429.35 2045.33 943.21 131.72 424.22 |  | 8877.60 2175.94 11960.56 3836.58 1387.36 1792.51 62382.85 828.27 61554.58 1550.19 719.84 209.69 2079.82 939.53 125.10 383.74 | 25557.91 6192.95 26032.56 8137.34 2782.28 3131.22 133014.24 1351.79 131662.45 2910.79 1739.72 774.50 4256.17 1932.10 218.67 834.14 | 17375.86 4095.66 23517.30 7500.61 2717.46 3290.00 118028.64 1354.24 116674.40 2750.28 1398.96 476.60 3991.28 1861.85 262.40 674.47 | 40676.89 10180.86 48453.32 15193.95 5389.07 7816.40 259025.01 3290.56 255734.45 6921.45 3178.23 1459.05 7682.15 3491.31 716.00 1934.81 |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| Pro Pro Seg 1 2 3 4 5 | Total Less: Inter-segment Less: Finance costs Add: Unallocable cor fit before exception Add: Exceptional ite fit before tax ment assets Infrastructure Project Energy Projects Hi-Tech Manufacturi IT & Technology Ser Financial Services | margin porate al item ms s ng vices | s on capital jo income net o s and tax | bs f expenditure |  | 6565.59 30.93 762.81 564.26 6336.11 - 6336.11 | 6100.50 16.15 781.61 556.79 5859.53 - 5859.53 |  | 6007.91 40.27 884.38 471.83 5555.09 - 5555.09 | 12666.09 47.08 1544.42 1121.05 12195.64 - 12195.64 97175.88 32038.75 15565.27 51141.10 125478.81 | 11415.84 49.71 1745.74 611.35 10231.74 - 10231.74 100391.87 27157.65 12163.40 45073.69 109950.13 | 25383.00 116.53 3334.37 1171.91 23104.01 474.78 23578.79 97183.24 29342.12 13342.07 49124.05 118627.16 |\n| 6 7 Tot Seg 1 2 3 4 5 6 7 Tot Not (I) (II) | Development Project Others Total segment asse Less: Inter-segment Add: Unallocable cor al assets ment liabilities Infrastructure Project Energy Projects Hi-Tech Manufacturi IT & Technology Ser Financial Services Development Project Others Total segment liabi Less: Inter-segment Add: Unallocable cor al liabilities es: The Group has reported allocation by the manag The Segment compositi infrastructure, (d) power | s ts assets porate s ng vices s lities liabilitie porate segmen ement. on: Infra transmi | assets s liabilities t information a structure Proj ssion & distribu | s per Ind AS 10 ects segment tion, (e) renewa | 8 \"Operating S comprises engin bles, (f) water | egments\". The ide eering and constr & effluent treatme | ntification of oper uction of (a) build nt and (g) minerals | ating ing a and | segments is con nd factories, (b) metals. Energy | 25186.78 17211.74 363798.33 5886.78 33191.07 391102.62 69254.35 32931.01 11247.27 12762.49 100779.31 6546.43 8280.43 241801.29 5886.78 35380.98 271295.49 sistent with performan transportation infrastru Projects segment co | 25057.64 15585.63 335380.01 4787.41 26716.51 357309.11 72897.62 22279.88 9298.77 10549.04 87430.23 6988.85 7677.79 217122.18 4787.41 38993.35 251328.12 ce assessment a cture, (c) heavy c mprises of (a) Hy | 25125.12 16312.18 349055.94 4779.99 35248.15 379524.10 72180.50 27064.51 11092.07 11420.88 94750.56 6858.74 7649.17 231016.43 4779.99 37883.98 264120.42 nd resource ivil drocarbon |\n| (Ill) (IV) | Onshore and Offshore b fabrication, procuremen associated systems and manufacture/construct, marine and land platfor sectors and (c) electroly projects), (b) e-commer Projects segment com generation & developm (i) manufacture and sale and sale of components Segment revenue comp segment) profits on sale Unallocable corporate in segments. Unallocable corporate a those respective segme power generation asset In respect of segments | usiness t, project /or carb supply a ms includ sers. IT ce/digital prises (a ent - (i) t of indu of cons rises sal of busin come in ssets co nts. Una given on of the Gr | es covering EP management, on capture utilis nd revamp/retr ing related equ & Technology platforms, clou ) development, hermal power a strial valves, (ii) truction equipm es and operatio ess undertakin cludes majorly i mprise majorly llocable corpor finance lease, oup, revenue a | C solutions in o construction, in ation & utility p ofit of (a) custo ipment & syste Services seg d services & d operation and nd (ii) green en manufacture ( ent and (iv) ma nal income allo g/stake in the s nterest income investments. In ate liabilities co segment liabilit nd margin do n | il & gas, refineri stallation and c ackages and (c) m designed, eng ms; aerospace ment comprises ata centres and maintenance of ergy. Others s upto the date of nufacture and s cable specifical ubsidiary and/o , dividends and vestment in join mprise majorly ies include borr ot accrue unifor | es, petrochemical ommissioning, (b) EPC solutions in ineered critical eq products & system (a) information te (c) semiconducto metro project, inc egment includes ( sale), marketing a ale of rubber proc ly to a segment a r joint venture com investment relate t ventures and as borrowings. In res owings as finance mly during the ye | s & offshore wind CarbonLite Soluti clean energy spa uipment & system s; precision and e chnology and inte r chip design. Fin luding transit orien a) realty, (b) Cons nd servicing of co essing machinery. nd includes in the panies in those s d gains. Unallocab sociates identified pect of (a) Financi costs on the borr ar. | ener ons b ce. H s to t lectr grate ancia ted d tructi nstru case egme le ex with al Se owing | gy sectors, from usiness coverin i-Tech Manufa he process plan onic products & d engineering se l Services seg evelopment, (b) on Equipment & ction equipment of Development nts. Segment r penditure includ a particular seg rvices segment s are accounte | front-end design throu g BTG scope for powe cturing segment com t, nuclear energy and systems for the defen rvices (Including smar ment primarily compris toll roads (upto the d Industrial Product De , mining machinery an Projects and Realty b esult represents profit es majorly corporate e ment are reported as and (b) Development d as segment expense | gh detailed engin r generation plant prises design, green hydrogen s ce, security, spac t infrastructure & es retail finance. ate of divestment) sign Developmen d parts thereof, (ii usiness (grouped before interest an xpenses not alloc part of the segme Projects segment . | eering, modular s including ectors, (b) e and industrial communication_ Development and (c) power t comprising of i) manufacture under \"Others\" d tax. ated to nt assets of relating to a |\n| (V) | Figures for the previous | periods | have been reg | rouped/reclassif | ied to conform | to the classificatio | n of the current p | eriods | . | for | LARSEN & TOU | BRO LIMITED |\n|  |  |  |  |  |  |  |  |  |  | 1 ~ | - ~ | r .-A. ... ,\"CT - |", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": ".-A .... \n1 ~-\n,\"CT - r", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "2f27f7bbdc51667f", "content": "[TABLE] Company: L&T | Year: FY2025 | Section: MSKA & Associates \nHO \nChartered Accountants \n602, Floor 6, Raheja Titanium \nWestern Express Highway, Geetanjali \nRailway Colony, Ram Nagar, Goregaon (EJ \nMumbai 400063, IHDIA > 5. \nBased on our review conducted and procedures performed as stated in paragraph 3 above and based on \nthe consideration of the review reports of the other auditors referred to in paragraph 6 to 9 below, nothing \nhas come to our attention that causes us to believe that the accompanying Statement, prepared in \naccordance with the recognition and measurement principles laid down in Ind AS 34 and other recognised \naccounting principles generally accepted in India, has not disclosed the information required to be \ndisclosed in terms of the Regulations, including the manner in which it is to be disclosed, or that it contains \nany material misstatement. | Page: 14\n\n|  |  |  |  |  |  | R M Te | ailway Colony, umbai 400063, l: +91 22 6974 | Ram IHDIA 0200 | Nagar, Goregao |\n|---|---|---|---|---|---|---|---|---|---|\n| Ind | ependent Audi | tor's Review | Report | on unaudited | Consoli | dated financial | results of L | arse | n & Toubro |\n| Li | mited for the qu | arter and yea | r-to dat | e pursuant to R | egulati | on 33 and Regu | lation 52 of | the | SEBI (Usting |\n| Ob | ligations and Di | sclosure Req | uiremen | ts) Regulations, | 2015, | as amended. |  |  |  |\n| To | The Board of D | irectors of La | rsen & T | oubro Limited |  |  |  |  |  |\n| 1. | We have review | ed the accom | panying | statement of u | naudite | d consolidated | financial res | ults | of Larsen a |\n|  | Toubro Limited | (hereinafter r | eferred t | o as 'the Holdin | g Comp | any'), its subsid | iaries, (the H | oldi | ng Company |\n|  | and its subsidia | ries together | referred | to as the 'Grou | p') and | its share of the | net loss aft | er t | ax and total |\n|  | comprehensive | loss of its ass | ociates a | nd joint venture | s for th | e quarter ended | September | 30, | 2025 and the |\n|  | year-to-date re | sults for the p | eriod fro | m April 01, 202 | 5 to Se | ptember 30, 20 | 25 ('the Sta | tem | ent'), which |\n|  | includes 36 join | t operations o | f the Gro | up consolidated | on a p | roportionate ba | sis, attached | her | ewith, being |\n|  | submitted by th | e Holding Co | mpany p | ursuant to the r | equire | ments of Regula | tion 33 and | Reg | ulation 52 of |\n|  | the Securities a | nd Exchange | Board of | India (Listing Ob | ligation | s and Disclosure | Requireme | nts) | Regulations, |\n|  | 2015, as amend | ed ('the Regu | lations') | , |  |  |  |  |  |\n| 2. | This Statement, | which is the | responsi | bility of the Hold | ing Co | mpany's Manage | ment and ha | s be | en approved |\n|  | by the Holding | Company's Bo | ard of D | irectors, has be | en prep | ared in accorda | nce with the | rec | ognition and |\n|  | measurement p | rinciples laid | down i | n Indian Acco | unting | Standard 34 'In | terim Finan | cial | Reporting', |\n|  | prescribed und | er Section 13 | 3 of the | Companies Act, | 2013 | ('the Act'), rea | d with relev | ant | rules issued |\n|  | thereunder ('Ind | AS 34') and | other re | cognised accoun | ting pri | nciples general | ly accepted i | n In | dia and is in |\n|  | compliance with | the Regulati | ons. Our | responsibility is | to exp | ress a conclusio | n on the Stat | em | ent based on |\n|  | our review. |  |  |  |  |  |  |  |  |\n| 3. | We conducted o | ur review of t | he State | ment in accorda | nce wit | h the Standard o | n Review En | gag | ements (SRE) |\n|  | 2410, 'Review o | f Interim Fina | ncial Info | rmation Perfor | med by t | he Independent | Auditor of t | he E | ntity' issued |\n|  | by the Institute | of Chartere | d Accou | ntants of India | ('ICAI') | . A review of in | terim finan | cial | information |\n|  | consists of maki | ng inquiries, | primaril | y of persons res | ponsibl | e for financial a | nd accounti | ng m | atters, and |\n|  | applying analyti | cal and othe | r review | procedures. A | review | is substantially | less in scop | e th | an an audit |\n|  | conducted in a | ccordance wi | th Stand | ards on Auditin | g spec | ified under sect | ion 143(10) | of | the Act and |\n|  | consequently do | es not enabl | e us to | obtain assuranc | e that | we would beco | me aware o | f al | l significant |\n|  | matters that mi | ght be identif | ied in an | audit. Accordin | gly, we | do not express | an audit opi | nion | . |\n|  | We also perform | ed procedur | es in ac | cordance with t | he circ | ular issued by t | he Securitie | s an | d Exchange |\n|  | Board of India u | nder Regulati | on 33 (8) | of the Regulati | ons, to | the extent appl | icable. |  |  |\n| 4. | This Statement | includes the | results | of the Holding | Compan | y and interim | financial inf | orm | ation of the |\n|  | entities listed in | Annexure A | . |  |  |  |  |  |  |\n| 5. | Based on our re | view conduct | ed and p | rocedures perfo | rmed a | s stated in para | graph 3 abo | ve a | nd based on |\n|  | the consideratio | n of the revie | w reports | of the other au | ditors r | eferred to in par | agraph 6 to 9 | bel | ow, nothing |\n|  | has come to ou | r attention t | hat caus | es us to believ | e that | the accompany | ing Stateme | nt, | prepared in |\n|  | accordance with | the recogniti | on and | measurement pri | nciples | laid down in In | d AS 34 and o | the | r recognised |\n|  | accounting prin | ciples genera | lly acce | pted in India, | has not | disclosed the | information | req | uired to be |\n|  | disclosed in term | s of the Regu | lations, i | ncluding the ma | nner in | which it is to be | disclosed, o | r tha | t it contains |\n|  | any material mi | sstatement. |  |  |  |  |  |  |  |\n|  |  |  |  |  |  |  |  |  | w |", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "MSKA & Associates \nHO \nChartered Accountants \n602, Floor 6, Raheja Titanium \nWestern Express Highway, Geetanjali \nRailway Colony, Ram Nagar, Goregaon (EJ \nMumbai 400063, IHDIA", "subsection": "5. \nBased on our review conducted and procedures performed as stated in paragraph 3 above and based on \nthe consideration of the review reports of the other auditors referred to in paragraph 6 to 9 below, nothing \nhas come to our attention that causes us to believe that the accompanying Statement, prepared in \naccordance with the recognition and measurement principles laid down in Ind AS 34 and other recognised \naccounting principles generally accepted in India, has not disclosed the information required to be \ndisclosed in terms of the Regulations, including the manner in which it is to be disclosed, or that it contains \nany material misstatement.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "203a67397c5c5e92", "content": "[TABLE] Company: L&T | Year: FY2025 | Section: MSKA & Associates \nHO \nChartered Accountants \n602, Floor 6, Raheja Titanium \nWestern Express Highway, Geetanjali \nRailway Colony, Ram Nagar, Goregaon (EJ \nMumbai 400063, IHDIA > 5. \nBased on our review conducted and procedures performed as stated in paragraph 3 above and based on \nthe consideration of the review reports of the other auditors referred to in paragraph 6 to 9 below, nothing \nhas come to our attention that causes us to believe that the accompanying Statement, prepared in \naccordance with the recognition and measurement principles laid down in Ind AS 34 and other recognised \naccounting principles generally accepted in India, has not disclosed the information required to be \ndisclosed in terms of the Regulations, including the manner in which it is to be disclosed, or that it contains \nany material misstatement. | Page: 15\n\n| 6. | We did not revie | w the interim | financial information | of 5 joint ope | ration | s included in | the Statem | ent, whose |\n|---|---|---|---|---|---|---|---|---|\n|  | financial informa | tion reflects | total assets of Rs. 3, | 309.10 crore a | s at S | eptember 30, | 2025, tot | al revenues |\n|  | of Rs. 202.13 cro | re and Rs. 6 | 49.54 crore, total net | loss after tax | of Rs. | 160.58 crore | and Rs. 3 | 51.69 crore |\n|  | and total compre | hensive loss | of Rs. 160.58 crore a | nd Rs. 351.69 | crore | for the quar | ter ended | September |\n|  | 30, 2025 and for | the period fr | om April 01, 2025 to | September 30 | , 2025 | respectively | and net c | ash outflow |\n|  | of Rs. 37.19 cro | re for the p | eriod from April 01, | 2025 to Sep | tembe | r 30, 2025, | as consid | ered in the |\n|  | respective unau | dited standa | lone interim financia | l information | of the | joint opera | tions inclu | ded in the |\n|  | Group. The interi | m financial i | nformation of these jo | int operation | s has b | een reviewed | by the oth | er auditors |\n|  | whose reports ha | ve been furn | ished to us by the Ma | nagement of t | he Hol | ding Compan | y, and our | conclusion |\n|  | in so far as it rela | tes to the a | mounts and disclosures | included in r | espect | of these join | t operatio | ns, is based |\n|  | solely on the rep | orts of such | other auditors and th | e procedures | perfor | med by us as | stated in p | aragraph 3 |\n|  | above. |  |  |  |  |  |  |  |\n|  | Our conclusion is | not modifie | d in respect of the a | bove matter w | ith re | spect to our | reliance o | n the work |\n|  | done by and repo | rts of the ot | her auditors. |  |  |  |  |  |\n| 7. | We did not revie | w the interi | m financial informatio | n of 43 subsid | iaries | included in t | he Statem | ent, whose |\n|  | interim financial | information | reflects total assets o | f Rs. 2,29,048 | .18 cro | re as at Sept | ember 30, | 2025, total |\n|  | revenues of Rs. 3 | 2,131.51 cro | re and Rs. 62,014.56 | crore, total n | et pro | fit after tax | of Rs. 2,6 | 28.20 crore |\n|  | and Rs. 5,207.30 | crore and to | tal comprehensive inc | ome of Rs. 1, | 892.41 | crore and R | s. 5,069.0 | 6 crore, for |\n|  | the quarter ende | d Septembe | r 30, 2025 and for th | e period from | April | 01, 2025 to | Septemb | er 30, 2025 |\n|  | respectively and | net cash out | flow of Rs. 2,120.45 | crore for the | period | from April 01 | , 2025 to | September |\n|  | 30, 2025, as co | nsidered in | the Statement. The | Statement a | lso inc | ludes the G | roup's sh | are of net |\n|  | profit/(loss) afte | r tax of Rs. 0 | .27 crore and Rs. (5.3 | 5) crore and t | otal co | mprehensive | loss of Rs. | 0.26 crore |\n|  | and Rs. 4.28 cror | e for the qu | arter ended Septemb | er 30, 2025 a | nd for | the period fr | om April | 01, 2025 to |\n|  | September 30, 2 | 025 respectiv | ely, as considered in | the Stateme | nt, in r | espect of 2 j | oint ventu | res, whose |\n|  | interim financial | information | has not been reviewe | d by us. Thes | e inter | im financial i | nformatio | n has been |\n|  | reviewed by othe | r auditors w | hose reports have be | en furnished t | o us b | y the Manag | ement of t | he Holding |\n|  | Company and ou | r conclusion | on the Statement, i | n so far as it | relate | s to the amo | unts and | disclosures |\n|  | included in resp | ect of these | subsidiaries and joint | ventures, is | based | solely on the | report o | f the other |\n|  | auditors and the | procedures p | erformed by us as sta | ted in paragr | aph 3 a | bove. |  |  |\n|  | Our conclusion is | not modifie | d in respect of the a | bove matter w | ith re | spect to our | reliance o | n the work |\n|  | done by and repo | rt of the oth | er auditors. |  |  |  |  |  |\n| 8. | The Statement in | cludes the in | terim financial inform | ation of 38 su | bsidiar | ies which ha | ve not bee | n reviewed |\n|  | by their auditors | , whose inte | rim financial informa | tion reflects | total a | ssets of Rs. | 6,595.95 | crore as at |\n|  | September 30, 2 | 025, total re | venues of Rs. 310.02 | crore and Rs. | 510.12 | crore, total | net loss a | fter tax of |\n|  | Rs. 1.66 crore an | d Rs. 36.97 c | rore and total compre | hensive profi | t/(loss | ) of Rs. 0.12 | crore and | Rs. (36.57) |\n|  | crore for the qua | rter ended S | eptember 30, 2025 an | d for the peri | od fro | m April 01, 20 | 25 to Sep | tember 30, |\n|  | 2025 respectively | and net cas | h outflow of Rs. 23.09 | crore for the | period | from April 0 | 1, 2025 to | September |\n|  | 30, 2025, as con | sidered in th | e Statement. The Sta | tement also in | cludes | the Group's | share of | net profit/ |\n|  | (loss) after tax of | Rs. (1.02) c | rore and Rs. 9.31 cror | e and total co | mpreh | ensive incom | e/ (loss) o | f Rs. (1.37) |\n|  | crore Rs. 9.69 cr | ore for the q | uarter ended Septem | ber 30, 2025 a | nd for | the period fr | om April | 01, 2025 to |\n|  | September 30, 2 | 025 respectiv | ely, as considered in | the Statemen | t, in r | espect of 5 a | ssociates | and 8 joint |\n|  | ventures, based o | n their inter | im financial informati | on which has | not bee | n reviewed b | y their au | ditors. The |\n|  | aforesaid interim | financial in | formation has been | furnished to | us by | the Manage | ment of t | he Holding |\n|  | Company and ou | r conclusion | on the Statement in | so far as it | relates | to the amo | unts and | disclosures |\n|  | included in resp | ect of thes | e subsidiaries, asso | ciates and jo | int v | entures is ba | sed solel | y on such |\n|  | Titanium, | Western Express | Highway, Geetanjali Railway | Colony, Ram Haga | r, Gorega | on (E:), Mumbai 40 | 0063, INDIA, | Tel: +91 22 697 |", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "MSKA & Associates \nHO \nChartered Accountants \n602, Floor 6, Raheja Titanium \nWestern Express Highway, Geetanjali \nRailway Colony, Ram Nagar, Goregaon (EJ \nMumbai 400063, IHDIA", "subsection": "5. \nBased on our review conducted and procedures performed as stated in paragraph 3 above and based on \nthe consideration of the review reports of the other auditors referred to in paragraph 6 to 9 below, nothing \nhas come to our attention that causes us to believe that the accompanying Statement, prepared in \naccordance with the recognition and measurement principles laid down in Ind AS 34 and other recognised \naccounting principles generally accepted in India, has not disclosed the information required to be \ndisclosed in terms of the Regulations, including the manner in which it is to be disclosed, or that it contains \nany material misstatement.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "1617ff82c3eafbe8", "content": "[TABLE] Company: L&T | Year: FY2025 | Section: UDIN: )-51 ~ ?))-, 1---'3 NO K \\,J y .2--23 5 | Page: 16\n\n|  | management prep | ared unaudited interim | financial inf | ormation. | Acco | rding to | the i | nform | ation and |\n|---|---|---|---|---|---|---|---|---|---|\n|  | explanations given | to us by the Manageme | nt of the Ho | lding Com | pany, | the afore | said i | nteri | m financial |\n|  | information is not | material to the Group. |  |  |  |  |  |  |  |\n|  | Our conclusion is n | ot modified in respect of t | he above ma | tter with r | espec | t to our rel | iance | on th | e financial |\n|  | information certifi | ed by the Management. |  |  |  |  |  |  |  |\n| 9. | The Statement inc | ludes the interim financ | ial informati | on of 31 | joint | operations | whic | h ha | s not been |\n|  | reviewed by other | auditors, whose interim fi | nancial infor | mation re | flects | total asse | ts of | Rs. 7 | 70.49 crore |\n|  | as at September 3 | 0, 2025, total revenues of | Rs. 67.63 cr | ore and R | s. 189 | .51 crore, | total | net | profit after |\n|  | tax of Rs. 11.11 cr | ore and Rs. 10.65 crore | and total com | prehensi | ve inc | ome of Rs | . 11.1 | 1 cro | re and Rs. |\n|  | 10.65 crore for the | quarter ended September | 30, 2025 and | for the p | eriod fr | om April 0 | 1, 20 | 25 to | September |\n|  | 30, 2025 respectiv | ely and net cash outflow | of Rs. 92.4 | 3 crore f | or the | period fro | m A | pril 0 | 1, 2025 to |\n|  | September 30, 202 | 5, as considered in the Sta | tement. Our | conclusio | n in so | far as it r | elates | to th | e amounts |\n|  | and disclosures inc | luded in respect of thes | e joint opera | tions, is | based | solely on | the i | nteri | m financial |\n|  | information as furn | ished by the Managemen | t of the Holdi | ng Comp | any. A | ccording to | the | infor | mation and |\n|  | explanations given | to us by the Manageme | nt of the Hol | ding Com | pany, | the afores | aid i | nteri | m financial |\n|  | information of thes | e joint operations is not | material to th | e Group. |  |  |  |  |  |\n|  | Our conclusion is n | ot modified in respect of t | he above mat | ter with r | espect | to our reli | ance | on th | e financial |\n|  | information certifie | d by the Management. |  |  |  |  |  |  |  |\n| 10. | The unaudited con | solidated financial results | of the Comp | any for th | e qua | rter ended | Sep | temb | er 30, 2024 |\n|  | and for the period f | rom April 01, 2024 to Sep | tember 30, 2 | 024 and f | or the | year ende | d Mar | ch 31 | , 2025 was |\n|  | reviewed/audited j | ointly with predecessor jo | int auditor. |  |  |  |  |  |  |\n|  | Our conclusion is no | t modified in respect of t | he above ma | tter. |  |  |  |  |  |\n| For | M S KA & Associa | tes |  |  |  |  |  |  |  |\n| Ch | artered Accountant | s |  |  |  |  |  |  |  |\n| IC | Firm R~ | No.105047WJi,~~!<L |  |  |  |  |  |  |  |\n| ; | ~-t().I |  |  |  |  |  |  |  |  |\n|  | ilas Div/cikar |  |  |  |  |  |  |  |  |\n| Par Me | tner mbership No.: 1182 | 47 |  |  |  |  |  |  |  |\n| UDI | N: )-51 ~ ?))-, 1- | y --'3 NO K \\ ,J .2--23 5 |  |  |  |  |  |  |  |\n| Pla | ce: Mumbai |  |  |  |  |  |  |  |  |\n| Dat | e: October 29, 202 | 5 |  |  |  |  |  |  |  |\n| 602, Fl | oor 6, Raheja Titanium, W | estern Express Highway, Geetanjali | Railway Colony, | Ram Nagar, G | oregaon | (E), Mumbai 4 | 00063, | INDIA, | Tel: -,.91 22 697 |", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "UDIN: )-51 ~ ?))-, 1---'3 NO K \\,J y .2--23 5", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "27c6d2f4c0580846", "content": "[TABLE] Company: L&T | Year: FY2025 | Section: • 1, \n~ \n•?~ \n~~-\n0~4:rtiR. 1' \nitanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDIA, Tel: +91 n 697 \nI B ~ _ ..,. :. \n~randigarh ) Chennai I Coimbatore I Goa \nI Gurugram I Hyderabad I Kochi \nI Kolkata I Mumbai \nI Punc | Page: 17\n\n| KA | & Ass | ociat | es |\n|---|---|---|---|\n| ered A | ccountants |  |  |\n| Annexur | e A |  |  |\n| Sr. | Name of Entities |  |  |\n| No | Parent I Holding | Company |  |\n|  | Larsen & Toubro | Limited |  |\n|  | Subsidiaries |  |  |\n| 1 | Hi-Tech Rock Pro | ducts and Ag | gregates Limi |\n| 2 | L&T Geostructur | e Private Lim | ited |\n| 3 | Larsen & Toubro | (East Asia) S | dn. Bhd. |\n| 4 | a Larsen Toubro | CIS Foreign E | nterprise LLC |\n| 5 | Larsen & Toubro | (Oman) LLC |  |\n| 6 | Larsen &: Toubro | Qatar LLca |  |\n| 7 | Larsen & Toubro | Kuwait Cons | truction Gener |\n| 8 | Larsen &. Toubro | Saudi Arabia | LLC |\n| 9 | Larsen and Toubr | o T&D SA Pr | oprietary Limit |\n| 10 | PT Larsen and To | ubro |  |\n| 11 | L&T Construction | Equipment L | imited |\n| 12 | UH Hydrocarbon | Saudi Comp | any |\n| 13 | L&.T Modular Fab | rication Yard | LLC |\n| 14 | Larsen & Toubro | Electromech | LLC |\n| 15 | Larsen & Toubro | Heavy Engine | ering LLCa |\n| 16 | Larsen Toubro Ar | abia LLC |  |\n| 17 | Ui.T Energy Gree | n Tech Limite | d |\n| 18 | LE'tT Electrolysers | Limited |  |\n| 19 | LT IMindtree Limi | ted |  |\n| 20 | LTIMindtree (Tha | iland) Limite | d |\n| 21 | LTIMindtree Cana | da Limited |  |\n| 22 | LTIMindtree Cons | ulting Brazil | Ltda |\n| 23 | LTIMindtree Fina | ncial Services | Technologies |\n| 24 | LTIMindtree Gmb | H |  |\n| 25 | LTIMindtree Infor | mation Tech | nology Service |\n| 26 | LTIMindtree Midd | le East FZ-LL | C |\n| 27 | LTtMindtree Norg | e AS |  |\n| 28 | LTIMindtree PSF | S.A. |  |\n| 29 | LTIMindtree Sout | h Africa (Pty) | limited |\n| 30 | LT IMindtree Spain | s. L. |  |\n| 31 | LTIMindtree Swit | zerland AG |  |\n| 32 | LTIMindtree UK L | imited |  |\n| 33 | LT IMindtree USA | Inc. |  |\n| 34 | LTIMindtree, Soci | edad De Res | ponsibilidad Li |\n| -~'\"'- ~AS | . &~ |  |  |\n| ~ ~ :! • ,., | \".,,, !i • m • Cl} • |  |  |\n| 1•?, ~ ~4:rtiR. B ~ _ ..,. :. | ~ ~~- 1' itanium, Western ~randigarh ) Chenn | Express Highway, ai I Coimbator | Geetanjali Railway e I Goa I Guru |", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "• 1, \n~ \n•?~ \n~~-\n0~4:rtiR. 1' \nitanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDIA, Tel: +91 n 697 \nI B ~ _ ..,. :. \n~randigarh ) Chennai I Coimbatore I Goa \nI Gurugram I Hyderabad I Kochi \nI Kolkata I Mumbai \nI Punc", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "5b87211a5748612f", "content": "[TABLE] Company: L&T | Year: FY2025 | Section: • 1, \n~ \n•?~ \n~~-\n0~4:rtiR. 1' \nitanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDIA, Tel: +91 n 697 \nI B ~ _ ..,. :. \n~randigarh ) Chennai I Coimbatore I Goa \nI Gurugram I Hyderabad I Kochi \nI Kolkata I Mumbai \nI Punc | Page: 18\n\n| KA | & Ass | oci | ates |  |\n|---|---|---|---|---|\n| red A | ccountants |  |  |  |\n| Sr. | Name of Entitie | s |  |  |\n| No 35 | LTIMindtree S.A. |  |  |  |\n| 36 | Nielsen+Partner | Pte. ltd | . |  |\n| 37 | Syncordis Limite | d, LJKd |  |  |\n| 38 | L&T Technology | Services | Limited |  |\n| 39 | Graphene Solutio | ns SDN. | BHD. |  |\n| 40 | Graphene Solutio | ns Taiw | an Limited |  |\n| 41 | L&T Thales Tech | nology S | ervices Private | Limited |\n| 42 | L&T Technology | Services | (Canada) limit | ed |\n| 43 | L&T Technology | Services | (Shanghai) Co. | Ltd. |\n| 44 | L&T Technology | Services | LLC |  |\n| 45 | L&T Technology | Services | Poland sp6lka | z ograni |\n| 46 | L&T Technology | Services | Pte. Ltd. |  |\n| 47 | lntelliswift Softw | are Inc |  |  |\n| 48 | lntelliswift Softw | are (Ind | ia) Private Lim | ited |\n| 49 | lntelliswift Softw | are (Hu | ngary) Limited | Liability |\n| 50 | lntelliswift Softw | are (Cos | ta Rica) Limita | da |\n| 51 | lntelliswift Softw | are (Can | ada) Inc. |  |\n| 52 | Global lnfotech | Corporati | on |  |\n| 53 | P. Murphy & Ass | ociates, I | nc. |  |\n| 54 | UH Semiconduc | tor Tech | nologies Limite | d |\n| 55 | Siliconch System | s Private | Limited |  |\n| 56 | UH Finance Lim | ited |  |  |\n| 57 | L&T Financial Co | nsultant | s Limited |  |\n| 58 | L&T Infra Invest | ment Par | tners |  |\n| 59 | U:tT Infra Invest | ment Par | tners Advisory | Private |\n| 60 | L&T Infra Invest | ment Par | tners Trustee P | rivate L |\n| 61 | L&T Metro Rail ( | Hyderaba | d) limited |  |\n| 62 | L&T Power Devel | opment | Limited |  |\n| 63 | LEH Himachal Hy | dropowe | r Limited |  |\n| 64 | Nabha Power Lim | ited |  |  |\n| 65 | Bangalore Galaxy | Techpa | rk Private Limi | ted |\n| 66 | Business Park (Po | wai) Pri | vate Limited |  |\n| 67 | Chennai Nova Te | chpark P | rivate limited |  |\n| 68 | Chennai Vision D | eveloper | s Private Limit | ed |\n| 69 | Corporate Park ( | Powai) P | rivate Limited |  |\n| 70 | Elevated Avenue | Realty L | LP (Formerly k | nown as |\n| 71 | Elante Properties | Private | limited (Form | erly kno |\n| 72 | l&.T Realty Devel | opers Li | mited |  |\n| 73 | L&.T Realty Prope | rties Lim | ited (Formerly | known |\n| 74 | LEH Westend Pro | ject LLP |  |  |\n|  | a Titanium, Western | Express Hig | hway, Geetanjali R | ailway Colo |", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "• 1, \n~ \n•?~ \n~~-\n0~4:rtiR. 1' \nitanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDIA, Tel: +91 n 697 \nI B ~ _ ..,. :. \n~randigarh ) Chennai I Coimbatore I Goa \nI Gurugram I Hyderabad I Kochi \nI Kolkata I Mumbai \nI Punc", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "a2b0013680b5c96d", "content": "[TABLE] Company: L&T | Year: FY2025 | Section: • 1, \n~ \n•?~ \n~~-\n0~4:rtiR. 1' \nitanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDIA, Tel: +91 n 697 \nI B ~ _ ..,. :. \n~randigarh ) Chennai I Coimbatore I Goa \nI Gurugram I Hyderabad I Kochi \nI Kolkata I Mumbai \nI Punc | Page: 19\n\n| o 75 | LH Residential Hous | ing Privat | e Limited |  |  |  |\n|---|---|---|---|---|---|---|\n| 76 | LH Uttarayan Premi | um Realty | Private Limited |  |  |  |\n| 77 | Millennium Techpar | k (Chenna | i) Private Limite | d |  |  |\n| 78 | Prime Techpark (Ch | ennai) Lim | ited |  |  |  |\n| 79 | L&T Valves Arabia M | anufactur | ing LLC |  |  |  |\n| 80 | L&T Valves Limited |  |  |  |  |  |\n| 81 | L&T Valves USA LLC |  |  |  |  |  |\n| 82 | Bhilai Power Supply | Company | Limited |  |  |  |\n| 83 | L&T Aviation Service | s Private | Limited |  |  |  |\n| 84 | L&T Capital Compan | y Limited |  |  |  |  |\n| 85 | L&T Global Holdings | Limited |  |  |  |  |\n| 86 | Larsen & Toubro Int | ernational | FZE |  |  |  |\n| 87 | L&T Network Service | s Private | Limited |  |  |  |\n| 88 | L&T Special Steels a | nd Heavy | Forgings Private | Limited |  |  |\n| 89 | L&T Green Energy K | andla Priv | ate Limitedb |  |  |  |\n| 90 | Panipat Green Hydro | gen Priva | te Limitedc |  |  |  |\n| 91 | LTIM Aramco Digital | Solutions | for Information | Technology | Company | (w.e.f. |\n|  | Associates |  |  |  |  |  |\n| 1 | Gujarat Leather Ind | ustries Lim | iteda |  |  |  |\n| 2 | L&T Camp Facilities | LLC\" |  |  |  |  |\n| 3 | Larsen & Toubro Qat | ar & HBK | Contracting Co. | WLL• |  |  |\n| 4 | Magtorq Private Lim | ited |  |  |  |  |\n| 5 | E2E Networks Limite | d |  |  |  |  |\n| 1 | Joint Ventures L&T-MHI Power Boile | rs Private | Limited |  |  |  |\n| 2 3 4 | L&T-MHI Power Turb Lft.T Howden Private | ine Gener Limited | ators Private Li | mited |  |  |\n| 5 | L&T-Sargent & Lund L&T Sapura Shipping | y Limited Private L | imited |  |  |  |\n| 6 | Lft.T MBDA Missile Sy | stems Lim | ited |  |  |  |\n| 7 8 9 | GH41ndia Private Lim Raykal Aluminium C | ited ompany Pr | ivate Limited |  |  |  |\n| 10 11 | lndiran Engineering Hydrocarbon Arabia LTIM Aramco Digital | Projects a Limited C Solutions | nd Systems Kish ompany for Information | PJSC Technology | Company | (upto J |\n|  | Joint Operations |  |  |  |  |  |\n| 1 | Aktor- Larsen ft Tou | bro-Yapi M | erkezi-STFA-Al | Jaber Engin | eering Join | t Vent |\n|  | anium, Western Expr | ess Highway, | Geetanjali Railway C | olony, Ram Naga | r, Goregaon ( | E), Mumba |\n|  | 1digarh I Chennai | I Coimbator | e I Goa I Gurugra | m I Hyderaba | d I Kochi | I Kolkat |", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "• 1, \n~ \n•?~ \n~~-\n0~4:rtiR. 1' \nitanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDIA, Tel: +91 n 697 \nI B ~ _ ..,. :. \n~randigarh ) Chennai I Coimbatore I Goa \nI Gurugram I Hyderabad I Kochi \nI Kolkata I Mumbai \nI Punc", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "044fbdaa4f24c41e", "content": "[TABLE] Company: L&T | Year: FY2025 | Section: • 1, \n~ \n•?~ \n~~-\n0~4:rtiR. 1' \nitanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDIA, Tel: +91 n 697 \nI B ~ _ ..,. :. \n~randigarh ) Chennai I Coimbatore I Goa \nI Gurugram I Hyderabad I Kochi \nI Kolkata I Mumbai \nI Punc | Page: 20\n\n| 2 3 4 5 | Al Balagh Trading Besix - Larsen & T Civil Works Joint V DAEWOO and UH | & Contracting Co W.L.L oubro Joint Venture enture Joint Venture | - L&T Joint Ventur | e |  |\n|---|---|---|---|---|---|\n| 6 7 8 9 | Des build L& T Join HCC - lf:t:T Purulia International Metr L&T - AM Tapovan | t Venture Joint Venture o Civil Contractors Joint Joint Venture | Venture |  |  |\n| 10 11 | L&T - Hochtief Se L&T - PCIPL JV | abird Joint Venture |  |  |  |\n| 12 13 | L&T - Powerchina L&T - Tecton JV | JV |  |  |  |\n| 14 | L&T- lnabensa JV |  |  |  |  |\n| 15 | L&T- ISDPL JV |  |  |  |  |\n| 16 17 | L&T·AL-Sraiya LRD | P 6 Joint Venture |  |  |  |\n| 18 19 | Ui:T-Delma MafraQ L&T-IHI Consortiu UH-Shanghai Urb | Joint Venture m an Construction (Group) | Corporation Joint | Venture |  |\n| 20 21 22 23 24 25 | L& T-Shanghai Urb L&.T-STEC JV Mum Larsen & Toubro L Larsen & Toubro L Larsen and Toubro Larsen and Toubro Venture | an Construction (Group) bai imited & NCC Limited Jo td - Passavant EnenlV & Limited-Scomi Enginee Limited-Scomi Enginee | Corporation Joint int Venture Environment JV ring BHD Consortiu ring BHD Consortiu | Venture CC27 Delhi m-O&M Joint Venture m-Residual Joint Work | s Joint |\n| 26 27 28 29 30 31 | Larsen and Toubro Larsen and Toubro LTH Milcom Privat Metro Tunneling C Metro Tunneling D Metro Tunneling G | Limited·Shapoorji Pallo Shriram EPC JV e Limited hennai-L&T Shanghai Ur elhi-L&.T Shanghai Urban roup | nji ft Co. Ltd. Join ban Construction ( Construction (Gro | t Venture Group) Corporation Jo up) Corporation Joint | int Vent Venture |\n| 32 | Hafeet Rail spce |  |  |  |  |\n| 33 34 35 | Larsen & Toubro L Ras Mohaisen Inde Bauer - L&T Geo J | td -Passavant Enernv &. pendent Water Projecte oint Venture | Environment JVO& | .M |  |\n| 36 Floor 6, Ra | Larsen Toubro Ara heja Titanium, Western E | bia LLC - Subsea Seven S xpress Highway, Geetanjali Railw | audi Company Ltd ay Colony, Ram Nagar, G | . oregaon (E), Mumbai 400063, IN | DIA, Tel: + |", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "• 1, \n~ \n•?~ \n~~-\n0~4:rtiR. 1' \nitanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDIA, Tel: +91 n 697 \nI B ~ _ ..,. :. \n~randigarh ) Chennai I Coimbatore I Goa \nI Gurugram I Hyderabad I Kochi \nI Kolkata I Mumbai \nI Punc", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "7306bc0119a5e3e9", "content": "[TABLE] Company: L&T | Year: FY2025 | Section: • 1, \n~ \n•?~ \n~~-\n0~4:rtiR. 1' \nitanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDIA, Tel: +91 n 697 \nI B ~ _ ..,. :. \n~randigarh ) Chennai I Coimbatore I Goa \nI Gurugram I Hyderabad I Kochi \nI Kolkata I Mumbai \nI Punc | Page: 21\n\n| Symbol | Explanation to | Symb |\n|---|---|---|\n| a | The entities are | in th |\n| b | Incorporated on | April |\n| C d | Incorporated on Dissolved w.e.f. | June July |\n| Floor 6, Raheja T | itanium, Western Expr | ess Hig |", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 21, "section": "• 1, \n~ \n•?~ \n~~-\n0~4:rtiR. 1' \nitanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDIA, Tel: +91 n 697 \nI B ~ _ ..,. :. \n~randigarh ) Chennai I Coimbatore I Goa \nI Gurugram I Hyderabad I Kochi \nI Kolkata I Mumbai \nI Punc", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "b34b950cf73b75d5", "content": "[TABLE] Company: L&T | Year: FY2025 | Section: • 1, \n~ \n•?~ \n~~-\n0~4:rtiR. 1' \nitanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDIA, Tel: +91 n 697 \nI B ~ _ ..,. :. \n~randigarh ) Chennai I Coimbatore I Goa \nI Gurugram I Hyderabad I Kochi \nI Kolkata I Mumbai \nI Punc > Particulars \nSeptember 30, \nJune 30, \nSeptember 30, \nSeptember 30, \nSeptember 30, \nMarch 31, \n2025 \n2025 \n2024 \n2025 \n2024 \n2025 \n[Reviewed] \n[Reviewed] \n[Reviewed] \n[Reviewed] \n[Reviewed] \n[Audited] \n1 \nIncome: \na) \nRevenue from operations \n35115.74 \n33470.73 \n34918.91 \n68586.47 \n65196.06 \n142509,01 \nb) \nOther income(net) \n1073.53 \n2606,00 \n831.30 \n3679.53 \n3277.51 \n5669.21 \nTotal Income \n36189.27 \n36076.73 \n35750.21 \n72266.00 \n68473.57 \n148178.22 \n2 \nExpenses: \na) \nManufacturing, construction and operating expenses: \ni) Cost of raw materials and components consumed \n4246.47 \n4054.17 \n3661,89 \n8300.64 \n6067.90 \n15219.90 \nii) Construction materials consumed \n11182.17 \n10085.41 \n12316.09 \n21267.58 \n22225.71 \n45457.97 \niii) Purchases of stock-in-trade \n305,58 \n212.81 \n328.40 \n518.39 \n698,12 \n1409.90 \niv) Stores, spares and loose tools consumed \n626.66 \n601.69 \n762.73 \n1228.35 \n1456.62 \n3060.70 \nv) Sub-contracting charges \n8975.98 \n8923.61 \n8354.32 \n17899,59 \n16500.83 \n35741.21 \nvi) Changes in inventories of finished goods, stock-in-trade and work-in-progress \n156,94 \n(44.07) \n(255.34) \n112.87 \n(189.39) \n1089.23 \nvii) Other manufacturing, construction and operating expenses \n3625.29 \n3580.74 \n3388.38 \n7206.03 \n6750.26 \n14676.41 \nb) \nEmployee benefits expense \n2887.75 \n2691.67 \n2559.42 \n5579.42 \n5061.11 \n10380.08 \nc) \nSales, administration and other expenses \n789.14 \n973.65 \n851.15 \n1762.79 \n1676.85 \n3885.36 \nd) \nFinance costs \n476.23 \n474.12 \n583.12 \n950.35 \n1150.30 \n2195.46 \ne) \nDepreciation, amortisation, impairment and obsolescence \n485,83 \n482.84 \n505.49 \n968.67 \n986.98 \n1963.02 \nTotal Expenses \n33758.04 \n32036.64 \n33055.65 \n65794.68 \n62385.29 \n135079.24 \n3 \nProfit before exceptional items and tax (1-2) \n2431.23 \n4040.09 \n2694.56 \n6471.32 • \n6088.28 \n13098.98 \n4 \nExceptional items \n(5413.00) \n-\n(5413.00) \n-\n474.78 \n5 \nProfit/(loss) before tax (3+4) \n(2981.77 \n4040.09 \n2694.56 \n1058.32 \n6088.28 \n13573.76 \n6 \nTax expense: | Page: 23\n\n| (iii) Statement of | Assets and | Liabilities: | As at | if Crore |\n|---|---|---|---|---|\n| ASSETS: | Pa | Sept rticulars [R | ember 30, M 2025 eviewed] [A | arch 31, 2025 udited] |\n| Non-current assets Property, plant and | equipment |  | 8922.93 | 9155.12 |\n| Capital work-in-prog | ress |  | 2003.31 | 1117.33 |\n| Investment property |  |  | 1041.56 | 741.34 |\n| Investment property | under constr | uction | 400.03 | 565.82 |\n| Goodwill |  |  | 121.86 | 121.86 |\n| Other intangible ass | ets |  | 103.15 | 107.95 |\n| Intangible assets un | der developm | ent | 61.62 | 21.76 |\n| Right-of-use assets Financial assets: |  |  | 766.35 | 561.89 |\n| Investments |  |  | 28205.67 | 32853.88 |\n| Loans |  |  | 764.85 | 726.67 |\n| Other financial | assets |  | 896.30 | 976.02 |\n| Deferred tax assets | (net) |  | 1239.75 | 1544.69 |\n| Current tax assets ( | net) |  | 3807.83 | 3511.16 |\n| Other non-current a | ssets |  | 1391.13 | 1838.30 |\n| S Current assets | ub total -N | on-current assets | 49726.34 | 53843.79 |\n| Inventories Financial assets: |  |  | 3525.13 | 3398.77 |\n| Investments |  |  | 22432.46 | 24788.29 |\n| Trade receivab | les |  | 38233.63 | 38330.18 |\n| Cash and cash | equivalents |  | 3521.03 | 3583.55 |\n| Other bank bal | ances |  | 1112.27 | 763.06 |\n| Loans |  |  | 521.55 | 635.02 |\n| Other financial | assets |  | 4375.13 | 3775.12 |\n| Other current assets |  |  | 59518.18 | 57141.13 |\n|  | Sub total - | Current assets | 133239.38 | 132415.12 |\n| Group(s) of assets | classified a | s held for sale | 124.90 | 157.44 |\n|  | TOTA | L ASSETS |  | 186416.35 |\n| EQUITY AND LIABI | LITIES: |  | 183090.62 |  |\n| EQUITY Equity share ca | pital |  | 275.11 | 275.04 |\n| Other equity |  |  | 67650.02 | 71620.80 |\n| LIABILITIES | TOTA | L EQUITY | 67925.13 | 71895.84 |\n| Non-current liabiliti Financial liabilities: Borrowings | es |  | 9786.70 | 9286.00 |\n| Lease liabilities |  |  | 309.10 | 198.19 |\n| Other financial | liabilities |  | 204.04 | 143.07 |\n| Provisions |  |  | 773.69 | 765.72 |\n| Other non-current lia Su | bilities b total -No | n-current liabilities | 23.47 11097.00 | 18.47 10411.45 |\n| Current liabilities Financial liabilities: Borrowings |  |  | 4492.59 | 3743.58 |\n| Current maturit | ies of long te | rm borrowings | 3512.40 | 8905.30 |\n| Lease liabilities Trade payables | : |  | 240.95 | 162.18 |\n| Due to micro | enterprises | and small enterprises | 1298.76 | 1170.16 |\n| Due to other | s |  | 36206.48 | 37625.83 |\n| Other financial | liabilities |  | 3266.03 | 3450.20 |\n| Other current liabiliti | es |  | 50504.09 | 44764.13 |\n| Provisions |  |  | 2588.83 | 2398,23 |\n| Current tax liabilities | (net) |  | 1958.36 | 1889.45 |\n|  | Sub total -C | urrent liabilities | 104068.49 115165.49 | 104109.06 |\n| TO | TOTAL TAL EQUIT | LIABILITIES Y AND LIABILITIES |  | 114520.51 |", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 23, "section": "• 1, \n~ \n•?~ \n~~-\n0~4:rtiR. 1' \nitanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDIA, Tel: +91 n 697 \nI B ~ _ ..,. :. \n~randigarh ) Chennai I Coimbatore I Goa \nI Gurugram I Hyderabad I Kochi \nI Kolkata I Mumbai \nI Punc", "subsection": "Particulars \nSeptember 30, \nJune 30, \nSeptember 30, \nSeptember 30, \nSeptember 30, \nMarch 31, \n2025 \n2025 \n2024 \n2025 \n2024 \n2025 \n[Reviewed] \n[Reviewed] \n[Reviewed] \n[Reviewed] \n[Reviewed] \n[Audited] \n1 \nIncome: \na) \nRevenue from operations \n35115.74 \n33470.73 \n34918.91 \n68586.47 \n65196.06 \n142509,01 \nb) \nOther income(net) \n1073.53 \n2606,00 \n831.30 \n3679.53 \n3277.51 \n5669.21 \nTotal Income \n36189.27 \n36076.73 \n35750.21 \n72266.00 \n68473.57 \n148178.22 \n2 \nExpenses: \na) \nManufacturing, construction and operating expenses: \ni) Cost of raw materials and components consumed \n4246.47 \n4054.17 \n3661,89 \n8300.64 \n6067.90 \n15219.90 \nii) Construction materials consumed \n11182.17 \n10085.41 \n12316.09 \n21267.58 \n22225.71 \n45457.97 \niii) Purchases of stock-in-trade \n305,58 \n212.81 \n328.40 \n518.39 \n698,12 \n1409.90 \niv) Stores, spares and loose tools consumed \n626.66 \n601.69 \n762.73 \n1228.35 \n1456.62 \n3060.70 \nv) Sub-contracting charges \n8975.98 \n8923.61 \n8354.32 \n17899,59 \n16500.83 \n35741.21 \nvi) Changes in inventories of finished goods, stock-in-trade and work-in-progress \n156,94 \n(44.07) \n(255.34) \n112.87 \n(189.39) \n1089.23 \nvii) Other manufacturing, construction and operating expenses \n3625.29 \n3580.74 \n3388.38 \n7206.03 \n6750.26 \n14676.41 \nb) \nEmployee benefits expense \n2887.75 \n2691.67 \n2559.42 \n5579.42 \n5061.11 \n10380.08 \nc) \nSales, administration and other expenses \n789.14 \n973.65 \n851.15 \n1762.79 \n1676.85 \n3885.36 \nd) \nFinance costs \n476.23 \n474.12 \n583.12 \n950.35 \n1150.30 \n2195.46 \ne) \nDepreciation, amortisation, impairment and obsolescence \n485,83 \n482.84 \n505.49 \n968.67 \n986.98 \n1963.02 \nTotal Expenses \n33758.04 \n32036.64 \n33055.65 \n65794.68 \n62385.29 \n135079.24 \n3 \nProfit before exceptional items and tax (1-2) \n2431.23 \n4040.09 \n2694.56 \n6471.32 • \n6088.28 \n13098.98 \n4 \nExceptional items \n(5413.00) \n-\n(5413.00) \n-\n474.78 \n5 \nProfit/(loss) before tax (3+4) \n(2981.77 \n4040.09 \n2694.56 \n1058.32 \n6088.28 \n13573.76 \n6 \nTax expense:", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "34e23cb076edc740", "content": "[TABLE] Company: L&T | Year: FY2025 | Section: • 1, \n~ \n•?~ \n~~-\n0~4:rtiR. 1' \nitanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDIA, Tel: +91 n 697 \nI B ~ _ ..,. :. \n~randigarh ) Chennai I Coimbatore I Goa \nI Gurugram I Hyderabad I Kochi \nI Kolkata I Mumbai \nI Punc > Particulars \nSeptember 30, \nJune 30, \nSeptember 30, \nSeptember 30, \nSeptember 30, \nMarch 31, \n2025 \n2025 \n2024 \n2025 \n2024 \n2025 \n[Reviewed] \n[Reviewed] \n[Reviewed] \n[Reviewed] \n[Reviewed] \n[Audited] \n1 \nIncome: \na) \nRevenue from operations \n35115.74 \n33470.73 \n34918.91 \n68586.47 \n65196.06 \n142509,01 \nb) \nOther income(net) \n1073.53 \n2606,00 \n831.30 \n3679.53 \n3277.51 \n5669.21 \nTotal Income \n36189.27 \n36076.73 \n35750.21 \n72266.00 \n68473.57 \n148178.22 \n2 \nExpenses: \na) \nManufacturing, construction and operating expenses: \ni) Cost of raw materials and components consumed \n4246.47 \n4054.17 \n3661,89 \n8300.64 \n6067.90 \n15219.90 \nii) Construction materials consumed \n11182.17 \n10085.41 \n12316.09 \n21267.58 \n22225.71 \n45457.97 \niii) Purchases of stock-in-trade \n305,58 \n212.81 \n328.40 \n518.39 \n698,12 \n1409.90 \niv) Stores, spares and loose tools consumed \n626.66 \n601.69 \n762.73 \n1228.35 \n1456.62 \n3060.70 \nv) Sub-contracting charges \n8975.98 \n8923.61 \n8354.32 \n17899,59 \n16500.83 \n35741.21 \nvi) Changes in inventories of finished goods, stock-in-trade and work-in-progress \n156,94 \n(44.07) \n(255.34) \n112.87 \n(189.39) \n1089.23 \nvii) Other manufacturing, construction and operating expenses \n3625.29 \n3580.74 \n3388.38 \n7206.03 \n6750.26 \n14676.41 \nb) \nEmployee benefits expense \n2887.75 \n2691.67 \n2559.42 \n5579.42 \n5061.11 \n10380.08 \nc) \nSales, administration and other expenses \n789.14 \n973.65 \n851.15 \n1762.79 \n1676.85 \n3885.36 \nd) \nFinance costs \n476.23 \n474.12 \n583.12 \n950.35 \n1150.30 \n2195.46 \ne) \nDepreciation, amortisation, impairment and obsolescence \n485,83 \n482.84 \n505.49 \n968.67 \n986.98 \n1963.02 \nTotal Expenses \n33758.04 \n32036.64 \n33055.65 \n65794.68 \n62385.29 \n135079.24 \n3 \nProfit before exceptional items and tax (1-2) \n2431.23 \n4040.09 \n2694.56 \n6471.32 • \n6088.28 \n13098.98 \n4 \nExceptional items \n(5413.00) \n-\n(5413.00) \n-\n474.78 \n5 \nProfit/(loss) before tax (3+4) \n(2981.77 \n4040.09 \n2694.56 \n1058.32 \n6088.28 \n13573.76 \n6 \nTax expense: | Page: 24\n\n| 6 7 8 9 10 11 12 13 14 | Bad debts Current lia Total debt Debtors tu Operating Net profit Inventory Capital R Net worth | to accounts bility ratio to total asse rnover ratio margin (%) margin (%) turnover ratio edemption Re [ t Crore] (As | receivable ts ratio (refer note serve/Deb per section 2( | ratio below) enture Redemption Reserve [, Crore] 57) of Companies Act 2013) | 0,00 0,90 0,10 3.43 6.61% -10.23% NA 266.25 66577.13 | 0.00 0.91 0.12 3.42 7,14% 10.41% NA 266.25 70183,38 | 6 | 0.00 0.93 0.13 3.44 8.45% 5.69% NA 266.25 5580.79 | 0,00 0.90 0.10 3.43 6,87% -0,15% NA 266,25 66577.13 |  | 0.01 0.93 0,13 3.44 7,59% 7.60% NA 266,25 65580,79 | 0,01 0,91 0,12 3.39 8.13% 7.63% NA 266.25 71413.12 |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| 15 Note: ormulae Sr. No. | The Com for comp | pany has not utation of rati | issued any os are as f | secured listed non-convertible debt securities, ollows: Particulars |  |  |  | Formulae |  |  |  |  |\n| 1 2 3 | Debt equi Debt serv Interest se | ty ratio ice coverage rvice covera | ratio (DSC ge ratio (IS | R) Finan CR) | ce cost+ Principa | Profit l repaymen Profit | before in ts (net of before in | Total borrowin Total equity terest, tax and refinancing) m terest, tax and | gs exceptional ade during t exceptional | items he peri items | od for long term b | orrowings |\n| 4 | Current ra | tio |  |  |  |  |  | Finance cos Current asse | t ts |  |  |  |\n| 5 | Long term | debt to work | ing capital | ratio | Long ter | m borrowin | gs (includ | Current liabilit ing current ma | ies turities of lon | g term | borrowings) |  |\n| 6 | Bad debts | to accounts | receivable | ratio | Current assets | (-) Current l | iabilities | [excluding cur Bad debts | rent maturitie | s of lon | g term borrowing | s] |\n| 7 | Current lia | bility ratio |  |  |  |  | Averag | e gross trade r Current liabilit Total liabilitie | eceivables ies s |  |  |  |\n| 8 9 | Total debt Debtors tu | to total asse rnover ratio | ts ratio |  |  | Reve | nue from | Total borrowin Total asset o~erations for | gs s trailing 12 m | onths |  |  |\n| 10 | Operating | margin (%) |  |  | P | rofit before | Averag deprecia | e gross trade r tion, interest, t | eceivables ax and exce | ptional | items |  |\n| 11 | Net profit | margin(%) |  |  |  |  | Rev Ne | (-) Other inco enue from ope t ~rofit/(loss) a | me rations fter tax |  |  |  |\n| 12 | Inventory | turnover ratio |  |  |  |  | Rev | enue from ope Cost of Goods | rations Sold |  |  |  |\n|  |  |  |  |  |  |  |  | Average Inven | tory | of | the Company |  |", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 24, "section": "• 1, \n~ \n•?~ \n~~-\n0~4:rtiR. 1' \nitanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDIA, Tel: +91 n 697 \nI B ~ _ ..,. :. \n~randigarh ) Chennai I Coimbatore I Goa \nI Gurugram I Hyderabad I Kochi \nI Kolkata I Mumbai \nI Punc", "subsection": "Particulars \nSeptember 30, \nJune 30, \nSeptember 30, \nSeptember 30, \nSeptember 30, \nMarch 31, \n2025 \n2025 \n2024 \n2025 \n2024 \n2025 \n[Reviewed] \n[Reviewed] \n[Reviewed] \n[Reviewed] \n[Reviewed] \n[Audited] \n1 \nIncome: \na) \nRevenue from operations \n35115.74 \n33470.73 \n34918.91 \n68586.47 \n65196.06 \n142509,01 \nb) \nOther income(net) \n1073.53 \n2606,00 \n831.30 \n3679.53 \n3277.51 \n5669.21 \nTotal Income \n36189.27 \n36076.73 \n35750.21 \n72266.00 \n68473.57 \n148178.22 \n2 \nExpenses: \na) \nManufacturing, construction and operating expenses: \ni) Cost of raw materials and components consumed \n4246.47 \n4054.17 \n3661,89 \n8300.64 \n6067.90 \n15219.90 \nii) Construction materials consumed \n11182.17 \n10085.41 \n12316.09 \n21267.58 \n22225.71 \n45457.97 \niii) Purchases of stock-in-trade \n305,58 \n212.81 \n328.40 \n518.39 \n698,12 \n1409.90 \niv) Stores, spares and loose tools consumed \n626.66 \n601.69 \n762.73 \n1228.35 \n1456.62 \n3060.70 \nv) Sub-contracting charges \n8975.98 \n8923.61 \n8354.32 \n17899,59 \n16500.83 \n35741.21 \nvi) Changes in inventories of finished goods, stock-in-trade and work-in-progress \n156,94 \n(44.07) \n(255.34) \n112.87 \n(189.39) \n1089.23 \nvii) Other manufacturing, construction and operating expenses \n3625.29 \n3580.74 \n3388.38 \n7206.03 \n6750.26 \n14676.41 \nb) \nEmployee benefits expense \n2887.75 \n2691.67 \n2559.42 \n5579.42 \n5061.11 \n10380.08 \nc) \nSales, administration and other expenses \n789.14 \n973.65 \n851.15 \n1762.79 \n1676.85 \n3885.36 \nd) \nFinance costs \n476.23 \n474.12 \n583.12 \n950.35 \n1150.30 \n2195.46 \ne) \nDepreciation, amortisation, impairment and obsolescence \n485,83 \n482.84 \n505.49 \n968.67 \n986.98 \n1963.02 \nTotal Expenses \n33758.04 \n32036.64 \n33055.65 \n65794.68 \n62385.29 \n135079.24 \n3 \nProfit before exceptional items and tax (1-2) \n2431.23 \n4040.09 \n2694.56 \n6471.32 • \n6088.28 \n13098.98 \n4 \nExceptional items \n(5413.00) \n-\n(5413.00) \n-\n474.78 \n5 \nProfit/(loss) before tax (3+4) \n(2981.77 \n4040.09 \n2694.56 \n1058.32 \n6088.28 \n13573.76 \n6 \nTax expense:", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "3ae33ffb60690905", "content": "[TABLE] Company: L&T | Year: FY2025 | Section: Mumbai \nStl~s~~ | Page: 25\n\n| A. B. | Cash flow fro Profit before ex Adjustments for: Dividend rec Depreciation Exchange d Effect of exc Finance cos Interest inco (Profit)/loss Intangible a (Profit)/loss Bad debts/A Employee s Others Operating prof Adjustments for: (lncrease)/d (lncrease)/d lncrease/(de Cash generate Direct taxes pai Net cash gener Cash flow from Purchase of Pro Sale of Property Investment in su | m o cepti eive , am iffere han ts me on s ssets on s llow tock it be ecre ecre crea d fro d (ne ated inv pert , pla bsid | P perating activitie onal items and tax d ortisation, impair nce on items grou ge rate changes o ale of Property, pl (net) ale/fair valuation o ance for expected option-discount fore working cap ase in trade and o ase in inventories se) in trade and o m operations t) from/(used in) o esting activities: y, plant and equip nt and equipment, iaries, associates | articulars s: ment and ob ped under fi n cash and c ant and equi f investment credit loss ( ital change ther receiva ther payable perating ac ment, Invest Investment and joint ve | solescenc nancing/i ash equi pment, In s (net) net) s bles s tivities ment pro property nture com | e nvesting activities valents vestment property a perty and Intangible and Intangible asse panies | nd assets ts | Septem 202 [Revie 6 (1 ( ( 5 (3 ( 5 8 (1 6 (1 ( | ber 30, September 30, 5 2024 wed] [Reviewed] 471.32 6088.28 836,32) (1893.37) 968,67 986.98 0.29 (26.56) (31.36) 5.80 883.20 1086.36 811,72) (643.82) (60.68) (387.70) 573.17) (320.53) 508.32 380.32 26.36 53.82 14.51 1.25 559.42 5330.83 274.19) (3158.10) 131.75) (166.24) 860.01 949.60 013.49 2956.09 342.16) (1186.57) 671.33 1769.52 436.53) (1206.38) 101.57 459.19 674.54) (896.71) |\n|---|---|---|---|---|---|---|---|---|---|\n| C. otes: 1 | Divestment of s Purchase of no (Purchase)/sale Change in other Long term depo third parties Short term depo companies and Interest receive Dividend receiv Dividend receiv Net cash gener Cash flow from Proceeds from f Proceeds from Repayments of Proceeds/(repay Settlement of de Interest paid on Repayment on l Dividends paid Interest paid (in Net cash gener Net increase/(d Cash and cash Effect of excha Cash and cash Statement of C \"Statement of | take n-cur of c ban sits/l sits/ third d ed fr ed o ated fina resh non- non- men riva leas ease cludi ated ecre equ nge equ ash Cas | in subsidiaries, as rent investments urrent investment k balances and ca oans (given) -sub loans (given)/repa parties om subsidiaries an n other investment from/(used in) i ncing activities: issue of share ca current borrowings current borrowing ts) from other bor tive contracts rela e liability liability ng cash flows from from/(used in) f ase) in cash and ivalents at begin rate changes on ivalents at end o Flows has been h Flows\" as spec | sociates and s (net) sh not avail sidiaries, as id (net) -sub d joint ventu s nvesting act pital (includi s rowings (net ted to borrow interest rat inancing ac cash equiv ning of the cash and c f the period prepared u ified in the | joint ve abe for im sociates, sidiaries, re comp ivities ng share ) ings e swaps) tivities alents ( period ash equi nder the Compani | nture companies (ne mediate use joint venture compa associates, joint ve anies application money) [ A+ B + C) valents Indirect Method a es (Indian Accoun | t) nies and nture net] s set out ting Stan | 2 ( 1 3 (5 ( (4 (1 (9 3 3 in the India dards) Rul | - 1068.73 - (62.50) 828.44 916.11 390.17) 41.07 (25.07) (43.79) 136.00 (9.00) 785.10 658.46 817.40 1886.02 18.92 7.34 098.62 2881.04 6.07 6.10 - 500.00 300.24) (3450.00) 745.06 4399.72 13.68 31.56 (19.19) (10.10) 111.75) (61.62) 676.22) (3849.57) 026.24 (1372.56 868.83 (4306.47 (98.88 344.09 583.55 3940.99 36.36 (5.17) 521.03 4279.91 n Accounting Standard (Ind AS) 7 es, 2015. |\n| 2 (vi) (vii) | Property, plant property, plant Figures for the The above fina down in the In | and and pre ncia dian | equipment, Inv equipment and vious periods ha l results of the C Accounting Stan | estment pro investment ve been reg ompany ha dards (Ind | perty an property rouped/r ve been AS) as p | d Intangible assets and (b) intangible eclassified to conf prepared in accor rescribed under se | are adju assets u orm to th dance wit ction 13 | sted for mo nder devel e classifica h the reco 3 of the Co | vement of (a) capital work-in-progress for opment during the period. tion of the current periods. gnition and measurement principles laid mpanies Act, 2013 read with the relevant |\n|  | rules issued th Committee an Limited Revie | ereu d ap w by | nder and the oth proved by the Bo the Statutory Au | er accounti ard of Dire ditor. | ng princi ctors at i | ples generally acc ts meeting held on | epted in October | India. Thes 29, 2025. | e results have been reviewed by the Audi The same have -also been subjected to for LARSEN & |\n|  |  |  |  |  |  |  |  |  | TOUBRO LIMITED |\n|  | Mumbai |  |  |  |  |  |  |  | Stl~s~~ |", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 25, "section": "Mumbai \nStl~s~~", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "7f6e1f5cfc61cf1d", "content": "[TABLE] Company: L&T | Year: FY2025 | Section: Mumbai \nl~-N~~ | Page: 26\n\n| 1 2 3 4 et s | Infrastructure Project Energy Projects Hi-Tech Manufacturin Others Total Less: Inter-segment egment revenue | s g revenue |  |  |  | 25312 6409 2718 903 35344 228 35115 | .70 .73 .60 .40 .43 .69 .74 | 23053 6333 3243 1040 33670 199 33470 | .47 • .32 .34 .13 .26 .53 .73 | 25914.77 5912.46 2175.94 1318.05 35321.22 402.31 34918.91 | 48366.17 12743.05 5961.94 1943.53 69014.69 428.22 68586.47 | 49097.19 10622.32 4095.66 2083.00 65898.17 702.11 65196.06 | 105100.36 24042.96 10112.86 4624.29 143880.47 1371.46 142509.01 |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| egm 1 2 | ent results Infrastructure Project Energy Projects | s |  |  |  | 1129 452 | .61 .40 | 791 665 | .13 .17 | 1026.39 822.18 | 1920.74 1117.57 | 2040.94 1139.65 | 5058.60 2768.92 |\n| 3 4 | Hi-Tech Manufacturin Others Total Less: Inter-segment Less: Finance costs Add: Unallocable co | g margins on rporate inco | capital jobs me net of expe | nditure |  | 314 160 2056 18 476 868 | .33 .23 .57 .08 .23 .97 | 365 208 2030 9 474 2493 | .37 .39 .06 .30 .12 .45 | 219.69 465.08 2533.34 12.52 583.12 756.87 | 679.70 368.62 4086.63 27.38 950.35 3362.42 | 493.32 522.18 4196.09 17.85 1150.30 3060.34 | 1470.40 1024.81 10322.73 44.48 2195.46 5016.19 |\n| rofit rofit | before exceptional Add: Exceptional ite /(loss) before tax | items and ms | tax |  |  | 2431 (5413. (2981. | .23 00) 77) | 4040 4040 | .09 - .09 | 2694.56 - 2694.56 | 6471.32 (5413.00) 1058.32 | 6088.28 - 6088.28 | 13098.98 474.78 13573.76 |\n| egm 1 2 | ent assets Infrastructure Project Energy Projects | s |  |  |  |  |  |  |  |  | 81087.16 19204.43 | 84891.25 17587.72 | 80847.03 17120.03 |\n| 3 4 | Hi-Tech Manufacturin Others Total segment asset Less: Inter-segment | g s assets |  |  |  |  |  |  |  |  | 14634.38 8805.35 123731.32 1050.44 | 11953.55 8817.73 123250.25 1139.11 | 12544.05 8911.73 119422.84 1239.28 |\n| otal | Add: Unallocable cor assets | porate ass | ets |  |  |  |  |  |  |  | 60409.74 183090.62 | 56647.59 178758.73 | 68232.79 186416.35 |\n| egm 1 2 | ent liabilities Infrastructure Project Energy Projects | s |  |  |  |  |  |  |  |  | 57558.85 21613.80 | 60413.79 13675.40 | 59255.57 15469.62 |\n| 3 4 | Hi-Tech Manufacturin Others Total segment liabil Less : Inter-segment | g ities liabilities |  |  |  |  |  |  |  |  | 11183.02 4027.90 94383.57 1050.44 | 9272.44 4044.28 87405.91 1139.11 | 11189.90 3999.46 89914.55 1239.28 |\n| tal tes: (I) (II) | Add : Unallocable c liabilities The Company has report resource allocation by th Segment composition: In infrastructure, (d) power Hydrocarbon Onshore a detailed engineering, mo power generation plants | orporate liab ed segment i e manageme frastructure transmission nd Offshore b dular fabricati including ass | ilities nformation as per nt. Projects segme & distribution, (e) usinesses coverin on, procurement, ociated systems a | Ind AS 108 \" nt comprises renewables, g EPC soluti project man nd/or carbon | Operatin enginee (f) water ons in oil agement, capture | g Segm ring and & efflu & gas, constr utilisati | ents\". The i constructio ent treatmen refineries, p uction, instal on & utility p | dentific n of (a) t and ( etroch lation a ackage | ation of oper building and g) minerals a emicals & off nd commiss s and (c) EP | ating segments i factories, (b) tra nd metals. Energ shore wind energ ioning, (b) Carbo C solutions in cle | 21832.36 115165.49 s consistent with p nsportation infrastr y Projects segme y sectors, from fro n Lite Solutions bus an energy space. | 26440.07 112706.87 erformance asses ucture, (c) heavy nt comprises of ( nt-end design thro iness covering B Hi-Tech Manufac | 25845.24 114520.51 sment and civil a) ugh TG scope for turing |\n| (Ill) (IV) | segment comprises des and green hydrogen sect the defence, security, sp product design developm machinery and (d) e-com Unallocable corporate in segments. Unallocable c In respect of segments o | ign, manufact ors (b) marin ace and indu ent comprisi merce/digital come include orporate asse f the Compan | ure/construct, su e and land platfor strial sectors. Oth ng of (i) marketing platforms & data s majorly interest ts comprise majo y, revenue and m | pply and reva ms including ers segment and servicin centres. income, divid rly investmen argin do not to | mp/retro related e include g of con ends an ts. Unall accrue u conform | fit of (a) quipme s (a) rea structio d invest ocable niforml to the | custom des nt & system lty, (b) smar n equipment, ment related corporate lia y during the classification | igned, s; aero t infras mining gains. bilities year. of the | engineered c space produ tructure & co machinery Unallocable comprise m current perio | ritical equipment cts & systems; pr mmunication pro and parts thereof expenditure incl ajorly borrowings. ds. | & systems to the ecision and electro jects, (c) constructi , (ii) manufacture a udes majorly corpo | process plant, nuc nic products & sy on equipment & i nd sale of rubber rate expenses no | lear energy stems for ndustrial processing t allocated to |\n| (V) | Figures for the previous | periods have | been regrouped/r | eclassified |  |  |  |  |  |  |  |  |  |\n|  |  |  |  |  |  |  |  |  | fo | r LARSEN & | TOUBRO LIMI | TED |  |\n|  | Mumbai |  |  |  |  |  |  |  | l | ~- | N~ | ~ |  |", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 26, "section": "Mumbai \nl~-N~~", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "2db68b0a4b8947ef", "content": "[TABLE] Company: L&T | Year: FY2025 | Section: MSKA & Associates \nHO \n602, Floor 6, Raheja Titanium \nChartered Accountants \nWestern Express Highway, Geetanjali \nRailway Colony, Ram Nagar, Goregaon (E) \nMumbai 400063, INDIA \nTel: +91 22 6974 0200 > 5. Based on our review and procedures performed as stated in paragraph 3 above and based on the \nconsideration of the review reports of the other auditors referred to in paragraph 6 and 7 below, nothing \nhas come to our attention that causes us to believe that the accompanying Statement prepared in \naccordance with the recognition and measurement principles laid down in Ind AS 34 and other recognised \naccounting principles generally accepted in India, has not disclosed the information required to be \ndisclosed in terms of the Regulations including the manner in which it is to be disclosed, or that it contains \nany material misstatement. | Page: 27\n\n|  |  |  |  |  |  | Railw Mumb Tel: + | ay Colony, Ra ai 400063, IND 91 22 6974 02 | m Nagar, Goregao IA 00 |\n|---|---|---|---|---|---|---|---|---|\n| Ind | ependent Aud | itor's Revie | w Report on | Standalone un | audited | Standalone fina | ncial result | s of Larsen & |\n| Tou | bro limited fo | r the quart | er and year- | to-date pursua | nt to Re | gulation 33 and | Regulation | 52 of the SEBI |\n| (Lis | ting Obligatio | ns and Discl | osure Requi | rements) Regul | ations, 2 | 015, as amend | ed. |  |\n| To | The Board of | Directors of | Larsen 8: To | ubro Limited |  |  |  |  |\n| 1. | We have revie | wed the ac | companying | statement of u | naudited | standalone fina | ncial result | s of Larsen & |\n|  | Toubro Limit | ed (hereina | fter referre | d to as 'the C | ompany | '}, which includ | es the inte | rim financial |\n|  | information o | f 34 joint op | erations con | solidated on pro | portiona | te basis for the | quarter end | ed September |\n|  | 30, 2025 and | the year-to- | date results | for the period | from Ap | ril 01, 2025 to | September 3 | 0, 2025 ('the |\n|  | Statement') a | ttached her | ewith, bein | g submitted by | the Co | mpany pursuant | to the req | uirements of |\n|  | Regulation 33 | and Regulat | ion 52 of th | e Securities and | Exchan | ge Board of Indi | a (Listing O | bligations and |\n|  | Disclosure Re | quirements) | Regulations, | 2015 as amende | d ('the | Regulations'). |  |  |\n| 2. | This Statemen | t, which is | the respons | ibility of Compa | ny's Ma | nagement and h | as been app | roved by the |\n|  | Company's Bo | ard of Direct | ors, has bee | n prepared in a | ccordan | ce with the reco | gnition and | measurement |\n|  | principles laid | down in In | dian Accoun | ting Standard 3 | 4 'Interi | m Financial Rep | orting', pre | scribed under |\n|  | Section 133 | of the Com | panies Act, | 2013('the Act' | ), read | with relevant | rules issue | d thereunder |\n|  | ('Ind AS 34' ), | and other | recognised | accounting prin | ciples | generally accep | ted in Indi | a, and is in |\n|  | compliance wi | th the Regu | lations. Our | responsibility is | to expr | ess a conclusion | on the Sta | tement based |\n|  | on our review. |  |  |  |  |  |  |  |\n| 3. | We conducted | our review | of the Stat | ement in accord | ance wi | th the Standard | on Review | Engagements |\n|  | (SRE) 2410, \" | Review of I | nterim Finan | cial Informatio | n Perfor | med by the Ind | ependent A | uditor of the |\n|  | Entity\" issued | by the Insti | tute of Char | tered Accounta | nts of In | dia ('ICAI'). A re | view of int | erim financial |\n|  | information co | nsists of m | aking inquirie | s, primarily of | Compan | y's persons res | ponsible for | financial and |\n|  | accounting ma | tters, and a | pplying anal | ytical and other | review | procedures. A r | eview is sub | stantially less |\n|  | in scope than | an audit co | nducted in | accordance wit | h Stand | ards on Auditing | specified | under section |\n|  | 143(10) of the | Act and con | sequently do | es not enable us | to obtai | n assurance tha | t we would b | ecome aware |\n|  | of all significa | nt matters t | hat might b | e identified in a | n audit. | Accordingly, w | e do not exp | ress an audit |\n|  | opinion. |  |  |  |  |  |  |  |\n|  | We have also | performed p | rocedures in | accordance wit | h the cir | cular issued by | the SEBl un | der regulation |\n|  | 33(8) of listing | regulation, | to the exten | t applicable. |  |  |  |  |\n| 4. | The Statemen | t includes int | erim financi | al information o | f the jo | int operations li | sted in Anne | xure A. |\n| 5. | Based on our | review and | procedures | performed as | stated i | n paragraph 3 | above and | based on the |\n|  | consideration | of the review | reports of t | he other audito | rs referr | ed to in paragra | ph 6 and 7 b | elow, nothing |\n|  | has come to | our attentio | n that cause | s us to believe | that th | e accompanyin | g Statemen | t prepared in |\n|  | accordance wi | th the recog | nition and m | easurement prin | ciples la | id down in Ind A | S 34 and oth | er recognised |\n|  | accounting pri | nciples gen | erally accep | ted in India, ha | s not d | isclosed the inf | ormation re | quired to be |\n|  | disclosed in ter | ms of the R | egulations inc | luding the man | ner in wh | ich it is to be dis | closed, or th | at it contains |\n|  | any material m | isstatemen | t. |  |  |  |  |  |\n| Ben | galuru I Chandiga | rh I Chennai | I Coimbatore I | Goa I Gurugram | I Hydera | bad I Kochi I Ko | lkata I Mumb | ai I Pune |", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 27, "section": "MSKA & Associates \nHO \n602, Floor 6, Raheja Titanium \nChartered Accountants \nWestern Express Highway, Geetanjali \nRailway Colony, Ram Nagar, Goregaon (E) \nMumbai 400063, INDIA \nTel: +91 22 6974 0200", "subsection": "5. Based on our review and procedures performed as stated in paragraph 3 above and based on the \nconsideration of the review reports of the other auditors referred to in paragraph 6 and 7 below, nothing \nhas come to our attention that causes us to believe that the accompanying Statement prepared in \naccordance with the recognition and measurement principles laid down in Ind AS 34 and other recognised \naccounting principles generally accepted in India, has not disclosed the information required to be \ndisclosed in terms of the Regulations including the manner in which it is to be disclosed, or that it contains \nany material misstatement.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "b83674d66a5d895b", "content": "[TABLE] Company: L&T | Year: FY2025 | Section: UDIN: ?--5 1 I 'd' '.). i 1-I3 HO')( w K | Page: 28\n\n| 6. | We did not review t | he interim | financia | l information | of 4 joint | operations | included | in the | Statement, |\n|---|---|---|---|---|---|---|---|---|---|\n|  | whose financial info | rmation ref | lects tot | al assets of R | s. 3,255.35 | crore as a | t Septemb | er 30, | 2025, total |\n|  | revenues of Rs. 202. | 13 crore a | nd Rs. 64 | 9.54 crore, to | tal net los | s after tax | of Rs. 16 | 0.58 c | rore and Rs. |\n|  | 351.69 crore and tot | al compreh | ensive lo | ss of Rs. 160.5 | 8 crore and | Rs. 351.69 | crore for | the qu | arter ended |\n|  | September 30, 2025 | and for the | period f | rom April 01, | 2025 to Se | ptember 30 | , 2025 res | pectiv | ely, and net |\n|  | cash outflow of Rs. 3 | 7 .19 crore | for the p | eriod from Ap | ril 01, 2025 | to Septem | ber 30, 2 | 025, a | s considered |\n|  | in the Statement. Th | e interim f | inancial | information o | f these join | t operation | s has bee | n revi | ewed by the |\n|  | other auditors whos | e reports h | ave been | furnished to | us by the | Manageme | nt of the | Compa | ny, and our |\n|  | conclusion in so far | as it relat | es to th | e amounts an | d disclosur | es include | d in resp | ect of | these joint |\n|  | operations is based s | olely on th | e reports | of such othe | r auditors a | nd the pro | cedures p | erform | ed by us as |\n|  | stated in paragraph | 3 above. |  |  |  |  |  |  |  |\n|  | Our conclusion is no | t modified i | n respec | t of the above | matter wi | th respect | to our reli | ance | on the work |\n|  | done by and reports | of the othe | r auditor | s. |  |  |  |  |  |\n| 7. | The Statement includ | es the inte | rim finan | cial informati | on of 30 jo | int operatio | ns which | are n | ot subject to |\n|  | review, whose interi | m financial | informa | tion reflect to | tal assets o | f Rs. 755.0 | 6 crore as | at Se | ptember 30, |\n|  | 2025, total revenues | of Rs. 67.7 | 0 crore a | nd Rs. 189.58 | crore, tot | al net profi | t after tax | of Rs | . 4.23 crore |\n|  | and Rs. 3.95 crore an | d total co | mprehens | ive income of | Rs. 4.23 c | rore and Rs | . 3.95 cro | re for | the quarter |\n|  | ended September 30 | , 2025 and | for the | period from A | pril 01, 20 | 25 to Septe | mber 30, | 2025 | respectively |\n|  | and net cash outflow | of Rs. 90. | 86 crore | for the perio | d from Apr | il 01, 2025 | to Septe | mber | 30, 2025, as |\n|  | considered in the Sta | tement. Th | e afores | aid interim fin | ancial infor | mation has | been furn | ished | to us by the |\n|  | Management and our | conclusion | on the | Statement in s | o far as it | relates to t | he amoun | ts and | disclosures |\n|  | included in respec | t of these | joint | operations is | based sol | ely on su | ch mana | gemen | t prepared |\n|  | unaudited interim fin | ancial info | rmation. | According to | the inform | ation and | explanatio | ns giv | en to us by |\n|  | the Management, the | aforesaid | interim f | inancial infor | mation of th | ese joint o | perations | is not | material to |\n|  | the Company. |  |  |  |  |  |  |  |  |\n|  | Our conclusion is not | modified in | respect | of the above m | atter with | respect to | our relianc | e on t | he financial |\n|  | information certified | by the Ma | nagemen | t. |  |  |  |  |  |\n| 8. | The unaudited stand | alone finan | cial resu | lts of the Com | pany for t | he quarter | ended Se | ptemb | er 30, 2024 |\n|  | and for the period fro | m April 01 | , 2024 to | September 30 | , 2024 and | for the yea | r ended M | arch 3 | 1, 2025 was |\n|  | reviewed/audited joi | ntly with p | redecess | or joint audito | r. |  |  |  |  |\n|  | Our conclusion is not | modified i | n respect | of the above | matter. |  |  |  |  |\n| Part | ner |  |  |  |  |  |  |  |  |\n| Mem | bership No.: 118247 |  |  |  |  |  |  |  |  |\n| UDI | N: ?--5 1I 'd' '.). i 1-I3 | w HO')( | K |  |  |  |  |  |  |\n| Plac | e: Mumbai |  |  |  |  |  |  |  |  |\n| Date | : October 29, 2025 |  |  |  |  |  |  |  |  |\n| 2, Flo | or 6, Raheja Titanium, West | ern Express Hig | hway, Geeta | njali Railway Colon | y, Ram Nagar, | Goregaon (E), M | umbai 40006 | 3, INDJA | , Tei: +91 Z2 697 |\n| Ben | galuru I Chandigarh I Ch | ennai I Coi | mbatore I G | oa I Gurugram | I Hyderabad | I Kochi I | Kolkata I M | umbai | I Pune w |", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 28, "section": "UDIN: ?--5 1 I 'd' '.). i 1-I3 HO')( w K", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "96b1624feffe515c", "content": "[TABLE] Company: L&T | Year: FY2025 | Section: UDIN: ?--5 1 I 'd' '.). i 1-I3 HO')( w K > 22 \nLarsen a Toubro Limited & NCC Limited Joint Venture | Page: 29\n\n| Sr. No | Name of Entities |  |  |\n|---|---|---|---|\n|  | Parent I Holding | Company |  |\n|  | Larsen&. Toubro l | imited |  |\n| 1 2 | List of Joint Oper Aktor- Larsen &. T Al Balagh Trading | ations oubro-Yapi Merkezi-STFA & Contracting Co W.L.L- | ·Al Jaber En L&.T Joint V |\n| 3 4 | Besix - Larsen & T Civil Works Joint V | oubro Joint Venture enture |  |\n| 5 | DAEWOO and L&T | Joint Venture |  |\n| 6 | Desbuild L&T Join | t Venture |  |\n| 7 | HCC - L8: T Purulia | Joint Venture |  |\n| 8 | International Metr | o Civil Contractors Joint | Venture |\n| 9 | L&T - AM Tapovan | Joint Venture |  |\n| 10 | L&T - Hochtief Se | abird Joint Venture |  |\n| 11 | L&.T - PCIPL JV |  |  |\n| 12 | UH - Powerchina | JV |  |\n| 13 | L&.T - Tecton JV |  |  |\n| 14 | L&T- lnabensa JV |  |  |\n| 15 | L& T- ISDPL JV |  |  |\n| 16 | LftT -AL-Sraiya LRD | P 6 Joint Venture |  |\n| 17 | LftT-Delma Mafraq | Joint Venture |  |\n| 18 19 | L&.T-IHI Consortiu | m |  |\n| 20 | L&T-Shanghai Urb L&.T-Shanghai Urb | an Construction (Group) an Construction (Group) | Corporation Corporation |\n| 21 | L&T-STEC JV Mum | bai |  |\n| 22 | a Larsen Toubro L | imited & NCC Limited Jo | int Venture |\n| 23 24 | Larsen &. Toubro L | td -Passavant Energy & | Environment |\n| 25 | Larsen and Toubro Larsen and Toubro | Limited-Scomi Engineer limited-Scomi Engineer | ing BHD Con ing BHD Cons |\n| 26 | Larsen and Toubro | Limited-Shapoorji Patlo | nji & Co. Ltd |\n| 27 | Larsen and Toubro | Shriram EPC JV |  |\n| 28 29 | LT H Milcom Privat Metro Tunneling C | e Limited hennai-L&T Shanghai Ur | ban Construc |\n| 30 31 | Metro Tunneling D Metro Tunneling G | elhi-UH Shanghai Urban roup | Constructio |\n| 32 | Hafeet Rail SPC |  |  |\n| 33 | Larsen & Toubro L | td • Passavant Energy & | Environment |\n| 34 | Ras Mohaisen Inde | pendent Water Project |  |", "company": "L&T", "ticker": "LT", "source_file": "L&T.pdf", "fiscal_year": "FY2025", "page_number": 29, "section": "UDIN: ?--5 1 I 'd' '.). i 1-I3 HO')( w K", "subsection": "22 \nLarsen a Toubro Limited & NCC Limited Joint Venture", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "c2fa01fdabd2fe03", "content": "Vice President National Stock Exchange of India Limited, “Exchange Plaza”, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051 General Manager Department of Corporate Services BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400 001 Sub: 1) Audited Financial Results for the year ended on 31st March 2025 3) Record Date and Date of payment of Dividend 4) Date of Annual General Meeting Please find enclosed the following: 1) Audited financial results for the year ended on 31st March 2025 as approved by the board of directors in its meeting held today. (Annexure - “A”). 2) Auditors’ Report (Annexure - “B”) 3) The Board has recommended a dividend as mentioned in the notes to the financial results enclosed as Annexure - “A”. The dividend on equity shares for the year ended 31st March 2025, if declared at the ensuing Annual General Meeting, will be paid to the Members as at the close of business hours on Friday, the 1st August 2025 (Record Date). The date of payment of dividend is 3rd September 2025. 4) The annual general meeting of the Company shall be held on 28th August 2025. The board meeting commenced at 11:00 a.m. and concluded at 1:50 p.m. Kindly take the same on records. For Maruti Suzuki India Limited", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 1, "section": "Introduction", "subsection": "For Maruti Suzuki India Limited", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bed201ccea5f004e"}, {"chunk_id": "f10e09ef1c6d70bb", "content": "Digitally signed by Sanjeev Grover Date: 2025.04.25 13:54:55 +05'30' Sanjeev Grover Executive Officer & Company Secretary MARUTI SUZUKI INDIA LIMITED Maruti Suzuki India Limited, Maruli Suzuki India Lirniled, Maruti Suzuki India Limited, 1, Nelson Mandela Road, Vasant Kunj, Old Palam Gurgaon Road, Plot No.1, Phase - 3A, IMT Manesar, New Delhi - 110070, India. Gurgaon - 122015, Haryana, India. Gurgaon - 122051, Haryana, India. E-mail id: contact@maruti.co.in, www.marutisuzuki.com MARUTI SUZUKI INDIA LIMITED Plot No. l, Nelson Mandela Road, Vasant Kunj, New Delhi - I 10070 CIN : L34l03DLl98lPLC0l 1375 ; Website:www.marutisuzuki.com ; E-mail : invcstor(@maruti.do.in ; Phonc : + 9l-l l-46781000 ; Fax: +91-ll-46150275176 Statement of Standalone Unaudited / Audited Financial Results for the quarter and year ended March 3l' 2025 tn share Year ended Ouarter ended December 31, 2024 March 31, 2024 March 31, 2025 March 31, 2024 March 31, 2025 Andited Audifed Ilnandited Ilnaudited Unaudited f,lowcnrrp frnm nnerefions 368-02C 366.975 1.451.152 t.349.378 3 88.488 Sale oforoducts I 6-901 t5_374 6'7.849 59.948 I 8.250 Other oDeratins revenues 3*2-34S r.sr 9-001 1.409.326 406.738 384.921 I Total Revenue from onerations 9-n5fl It-180 41-SO4 38.548 14.466 II Ofher income 393-529 l -s66^505 1-447-814 421.204 394.771 III Total Income (l*II) F,xnenses 121.O45 s29.271 4s9.39'1 t44.709 129.91t Cost of matcrials consulned 147.099 s64.34C 55 1.099 154.718 I 38.85( Purchases of stock-in+rade (8,903) (4,42e) (7,074) 6,800 4,740 Changes in inventories offinished goods, work-in-progress and stock-in-trade 11 652 61.37(. s4_784 l s.691 15.415 Enrnlovee benefi ts exnense", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "Sanjeev \nGrover", "subsection": "New Delhi\nl*", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3e567a8ab0b06610"}, {"chunk_id": "81f4031b47088af1", "content": "147.099 s64.34C 55 1.099 154.718 I 38.85( Purchases of stock-in+rade (8,903) (4,42e) (7,074) 6,800 4,740 Changes in inventories offinished goods, work-in-progress and stock-in-trade 11 652 61.37(. s4_784 l s.691 15.415 Enrnlovee benefi ts exnense 76) I-93 1 1.932 472 484 Finance costs 7 ?,go 3l -593 30.223 8;724 8.050 Denreciation and amortisation exDenses 198.24(. l 86.3s2 s6.674 49.952 49,501 Other exnenses r54R) (3.169', ( 1.8881 (627) ('t16) Vehicles / dies for own use 141-s5l l -?74^613 1-277 -410 313-281 348-752 IV Tofrl Exnenses 46,Ot S 49-91fl l9l -832 170-4$4 41.911 V Profif before tax (III-IV) Tax exnense I O_0RS 10.540 38.41t 36.31l 8.594 Current tax 680 660 13.862 t.999 2.212 Deferred tax (refer note 4) 1n_11 n I 0-flo6 10-769 I l^200 52.280 VI Total tax exDense 1 12-OSr' 17-t I I 35-250 38.778 139.552 Prnfif fnr lhe neriod 1V-VI) VII l-}fher cnmnrehensive income r'i) Iterns that will not be reclassified to orofit or loss (795\\ /453' 2C /632) (97) (a) Re-measurements of the defined benefit plans (6el) I,363 3,429 (4,s82) (e3e) (b) Fair value changes on Equity Instruments throush other comnrehensive income r?nfl) 56fl 2-97( (4-SS6l (1.571) 293 84 (173) (288) 649 (ii) Income tax relating to items that will not be reclassified to profit or loss (1,278) (704) 39s 2,688 (3,907) vIII Total other comprehensive income for the period (i+ii) 134,782 33,204 33,972 38,074 139,947 IX Total comprehensive income for the period (VII+Vil) 1.572 t.57i 1.s72 1.572 |.s72 x Paid-uo eouitv share capital 5 5 5 xt Face value ofthe share (INR) Ri8 24R 938.895 XII Other Equitv Faminqs ner eorrifv share (of INR 5 each) (not annualised) XIII 43 r .08 r t8 04 I t2.12 r23.34 443.86 Basic 4il 08 ItR 04 112.12 123.34 443.86 Diluted", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "Sanjeev \nGrover", "subsection": "New Delhi\nl*", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3e567a8ab0b06610"}, {"chunk_id": "a024e358d1393027", "content": "5 5 5 xt Face value ofthe share (INR) Ri8 24R 938.895 XII Other Equitv Faminqs ner eorrifv share (of INR 5 each) (not annualised) XIII 43 r .08 r t8 04 I t2.12 r23.34 443.86 Basic 4il 08 ItR 04 112.12 123.34 443.86 Diluted Statement of Standalone Assets and Liabilities INR in million As at March 31, ti21 As at March 310 2024 Audifed Audited Particulars A ASSETS Non-current assets t74.314 236.382 Property, plant and equipment 5.858 6.r29 Right-of-use assets 53.57 5 63.034 Capital work-in-progress 4.828 4.5 10 Intangible assets 4.018 2.305 Intangible assets under development Financial assets 689.459 646.0r5 Investments I I Loans 822 Other financial assets 871 4.743 s.439 Non-cunent tax assets (Net) 1.t24 Deferred tax assets (Net) 21.531 Other non-current assets 23,945 925-224 1.023.680 I Total non-current assets Current assets 4r.196 sr.23c Inventories Financial assets 39.r22 55.604 Investments 46.013 65.371 Trade receivables 78C 4.55'1 Cash and cash equivalents 3.684 43 Other bank balances 32'1 Loans 432 17.312 19.801 Other financial assets 38. I 03 26.565 Other current assets 232-522 177.624 II Total current assets .t -t 02.848 Total assets (I+ID 1.256\"202 B EQUITY AND LIABILITIES Equify 1.572 1.572 Equity share capital 838.248 938,895 Other equity 839-820 Total equitv 940.467 I Liabilities Non-current liabilities Financial liabilities 538 677 Lease liabilities t.260 1.448 Provisions 12.911 Delerred tax liabilities (Net) 33.819 31.616 Other non-cunent liabilitres 48-528 33-741 II Total non-current liabilities Current liabilities Financial liabilities 331 Borrowings 178 Lease liabilities 226 145.824 Trade pavables \\',|4.211 19.426 Other financial liabilities 24.434 39.432 4t.r76 Other current liabilities 12.066", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "Sanjeev \nGrover", "subsection": "New Delhi\nl*", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3e567a8ab0b06610"}, {"chunk_id": "de6911b86c582411", "content": "33-741 II Total non-current liabilities Current liabilities Financial liabilities 331 Borrowings 178 Lease liabilities 226 145.824 Trade pavables \\',|4.211 19.426 Other financial liabilities 24.434 39.432 4t.r76 Other current liabilities 12.066 t4,423 Provisions t2.030 12,737 Current tax liabilities (Net) 229.281 Total current liabilities 267,207 III 315.735 263.028 \\ Total liabilities (II+[I) t -102.848 1.256,202 \\\\ Total equity and liabilities (I+II+I[) Standalone Statement of Cash Flows for the year ended March 31,2025 INR in million Year ended March3l.2024 March 31, 2025 Audited Audited Particulars Oneratins activities: 110.404 r 9 t.832 Profit before tax Adiustments for: 10 )?.7 3 1.s93 t git I _932 Finance costs ( I .475\\ (984) Interest income (658) (5241 Dividend income 481 40: Net loss on sale / discarding of property, plant and equipment ( 1.060) (901) Net sain on sale of investments in debt mutual funds 136 005) 143.748\\ Fair valuation gain on investment in debt mutual Iunds 40 (42)' I 78-994 164.450 before workins caoital Adiustments for changes in working capital : l - (lncrease)/decrease in loans (non-current) (49) (242) (lncrease)/decrease in other fi nancial assets (non-current) 2.f32 (174\\ - (lncrease)/decrease in other non-culTent assets ( I 0.034) t.642 - (Increase)/decrease in inventories fi9.627\\ ( l 3.099) - (Increase)/decrease in trade receivables in advancc in thc naturc 005) 2.701 1.735 - (lncreasc)/dccrcasc in other financial asscts (currcnt) /R R95) ( I 1.538) - (Increase)/decrease in other current assets 47',1 (r72) - Increase/(decrease) in non-current provisions 2.203", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "Sanjeev \nGrover", "subsection": "New Delhi\nl*", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3e567a8ab0b06610"}, {"chunk_id": "748c028879fb9a55", "content": "005) 2.701 1.735 - (lncreasc)/dccrcasc in other financial asscts (currcnt) /R R95) ( I 1.538) - (Increase)/decrease in other current assets 47',1 (r72) - Increase/(decrease) in non-current provisions 2.203 5.76\"1 - Increase/(decrease) in other non-current liabilities 28 ilO 28.349 - Increase/(decrease) in trade payables 5.177 {3.83 5) - Increase/(decrease) in other financial liabilities (cunent) 1.256 t.212 - Increase/(decrease) in currgnt provisions 7.602 761 - lncrcase/(dccrcasc) in other currcnt liabilitics 177,942 147.221 Cash senerated from ooeratins activities 13s 557) {37.81 8) - lncomc taxcs naid (Net) 14r.124 r s1.670 Net cash from operatinq activities Investins activities: (67,269) (83,486) Payments for purchase olproperty, plant and equipment and capital work in nromess (3,84s) (2,808) Payments for purchase of intangible assets and intangible assets under develonment 44(. 326 Procccds from salc of oroocrtv. nlant and cquipment (800) (180) Paynents for purchase of investment in equity shares of associates s98.444 619.32i Proceeds from sale of debt mutual funds (657.099',: (612.000) Pavmcnts for nurchase of dcbt mutual funds (20) (260',, Prvmcnts for nrrrchasc of rrnouotcd invcstmcnts (3,6s0) Investment in fixed denosits with bank 1.472 983 lntPrest received 65t s24 Dividend received /1 02-41 5) fl06-828] activities Financins activities: (331) ( t 1.827' Movement in short term borrowings (Net)", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "Sanjeev \nGrover", "subsection": "New Delhi\nl*", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3e567a8ab0b06610"}, {"chunk_id": "d4d3041e35e5b03e", "content": "( 39.300) (27.t87' Pavment ofdividcnd on couitv shares /l?1' ReDavment oi lease liabilitles 1l98) (79\\ (52', Intere(t nn lease liahilities ( 1.578) 0.420' Finance costs paid (other than interesl on lease liabilities) (40-5.t 9) (41.486) Net cash from/ (used in) financing activities (3.777\\ 4.223 Net Increase/(Decrease) in cash and cash equivalents 4,557 334 Cash and cash eorrivalents at the hesinnins of the vear 780 4.551 Cash and cash eouivalents at the end of the vear Cash and cash equivalents comprises : 2 Cheoues on hand 778 4.557 Balance with banks 4-551 780 Other bank balances: 3.65C Deoosits 74 43 Unclaimed dividcnd accounts 3.684 43", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "Sanjeev \nGrover", "subsection": "New Delhi\nl*", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "605bb709a8a476d5"}, {"chunk_id": "e9fc1d8bbcf013ad", "content": "Notes to Statement of Standalone Unaudited / Audited Financial Results for the quarter and year ended March 31,2025: I The above financial results have been prepared in accordance with the recognition and measurement principles laid down in Ind AS prescribed under Section 133 ofthe Companies Act, 2013, and the other accounting principles generally accepted in India. 2 The above financial results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on April 25, 2025.The audit of financial results for the year ended March 31,2025 and limited review of financial results for the quarter ended March 31,2025, as required under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 3 The Company is primarily in the business of manufacturing, purchase and sale of motor vehicles, components and spare parts 2015, has been completed by the Statutory Auditors and they have issued an unmodified report on the aforesaid results. (\"Automobiles\"). The other activities of the Company comprise facilitation of pre-owned car sales, fleet management and car demand for the products of the Company. Accordingly there are no reportable segments. 4 The Company invests its surplus funds into debt mutual funds. In compliance with Ind AS - 12 Income taxes, the Company had financing.", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "so\n=\n(n", "subsection": "December 31,2024 and December 31,2023, respectively which were subjected to limited review.\n8 The figures ofprevious periods have been regrouped / reclassified wherever required to conform to the current period's presentation.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a80543ab680375d1"}, {"chunk_id": "d8d5ffd91fbd96d0", "content": "Accordingly there are no reportable segments. 4 The Company invests its surplus funds into debt mutual funds. In compliance with Ind AS - 12 Income taxes, the Company had financing. The income from these activities is not material in financial terms but such activities contribute significantly in generating recorded deferred tax liabilities as per applicable law (taking cognisance of the indexation benefit) on fair value gains on these investments. The Finar,ce (No.2) Act, 2024 withdrew the indexation benefit on long-term capital gains on debt mutual funds which were purchased prior to April 1, 2023 and the tax rate applicable on the said mutual funds was changed from 20oh plus surcharge and cess (with indexation) to 12.5o/o plus surchalge and cess (without indexation). Deferred tax liabilities have been remeasured at the prescribed rate on account of withdrawal of the indexation benefit and change in the tax rate, which has resulted in increase in deferred tax liabilities and corresponding defened tax expense by INR 8,376 million, which had been lecognised during the quarler ended September 30, 2024 and year ended March 31, 2025.The actual payment of tax depending on the actual gain and prevailing tax regulations. 5 The Board of Directors at its meeting held on January 29, 2025 had approved the Scheme of Amalgamation (\"Scheme\") between the would be made at the time of ledemption of this asset class.", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "so\n=\n(n", "subsection": "December 31,2024 and December 31,2023, respectively which were subjected to limited review.\n8 The figures ofprevious periods have been regrouped / reclassified wherever required to conform to the current period's presentation.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a80543ab680375d1"}, {"chunk_id": "95463f030a1a21f3", "content": "5 The Board of Directors at its meeting held on January 29, 2025 had approved the Scheme of Amalgamation (\"Scheme\") between the would be made at the time of ledemption of this asset class. The cash outflow towards tax could be different at the time of redemption Company, Suzuki Motor Gujarat Private Limited (a wholly owned subsidiary of the Company) and their respective shareholders and creditors as per the applicable provisions of the Cornpanies Act, 2013 (\"Act\") and rules framed thereunder. The First Motion to the applicable statutory/ regulatory approvals as on the date ofthese results. 6 The Board of Directors at their meeting considered and recommended a final dividend aggregating INR 42,444 million i.e. INR 135 application of the Scheme was filed on March 7,2025 with the National Company Law Tribunal, New Delhi. The Scheme is subject which is subject to the approval of the members at the ensuing Annual General Meeting. 7 The figures for the current quarter ended March 31 ,2025 and quarter ended March 3l , 2024 are the balancing figures between the per share (Nominal value INR 5 per share) (Previous Year INR 39,300 rnillion i.e. INR 125 per share) for the financial year 2024-25 audited figures for the year ended March 31,2025 and March 31,2024, respectively and published figures up to nine months ended December 31,2024 and December 31,2023, respectively which were subjected to limited review.", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "so\n=\n(n", "subsection": "December 31,2024 and December 31,2023, respectively which were subjected to limited review.\n8 The figures ofprevious periods have been regrouped / reclassified wherever required to conform to the current period's presentation.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a80543ab680375d1"}, {"chunk_id": "88db24d34c84cceb", "content": "Place : New Delhi Date : April 25,2025 xv Eaminas Pcr Sharc loflNR 5 cachJ {not annualiscd) t)s 7l 46t.20 429.01 t24.40 I 18.-s4 Basic I I 8.54 t2s 11 46t.20 429.0t t24.40 Dilutcd 5 5 5 5 5 XII] t'acc valuc ofthc sharc (lNR) 1 512 1.572 t.5't2 1.572 xil Paid-uD couitv sharc capital l4q oo2 t 1,t-832 39-l I I 37 -269 39.523 IX Profir fnr the ncriod aVIf-VIlfl 3t R?g 16 611 ri-709 10. I 93 10.630 Cuncnt tax rlncludina Minimum Altcmatc Tax) 9)1 t7 169 2.710 1.357 (202) Dcfc[cd tax (refcr nolc 4) 39.363 I0,066 9,991 I 1.553 51,198 Totrl trx erpcnsc vtlt 41 260 5t-076 t96-200 174.245 49.177 vtI Profit bcforc tar {lll-lV+V+\\{) ) 15) ) )61 629 614 691 shrre nf nrnlit of tssociates R1 7147 218 90 57 vt Shrre nfnrolit of ioint ventures trade 18008 1',7.466 I 5.709 1tJ.260 Fmnlovcc hcncfi ls cxncnsc 1 94) I Si5 176 463 162 56 0R2 52 558 l4-6t 8 Il )an I 2,983 Deoreciation and amortisation exoenses 46R]5 I86 l4li I 7s.50 I 54.1 I I 46.701 Othcr cxDcnscs ll 150' (3.'749\\ (2.607) (554) (7s2) Vchiclcs / dics for orvn usc 15t -611 346-246 1385.591 1.2ri7.8t3 375.Ess IV Tolal cxDcnscs 15R 05l 366.942 r.4s 1.099 1.349.2t',1 388.419 Sale of products )o 7R) t9 592 t 7.7 70 78.03 I 69.365 Oihcr oncraiins rcvcnrcs I 4tt (a2 d0s 20t 1A7 -641 344.712 1.529.130 I Tdral R.venno from oncrations do q15 tq_l l2 to-571 I t-836 50.222 II I 57q 15t I 4{O {t7 424-717 398-220 396.548 rrr Statcment of Consolidrtcd Unauditcd / Auditcd Finarcial Rcsults for thc qurrtcr tnd ycar cndcd March 3 l' 2025 INR 960,827 85r.788 Other llquity Tntal .nmnr.h.n.iv. incomr for the ocriod aitribut{blc to 145 11S I 17 551 35 t55 35-983 38.837 owncrs ofthc Comoanv Non controllina intcicst lf fl17 rd5-11S 137.551 35-155 35.983 Non conlroliing intcrcs! a1 q{6) 1l -2f6r", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "o\ns do\na)\ng\n;\no", "subsection": "(p\n=\no\nC,)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "35b5b27ef16ec838"}, {"chunk_id": "b6303d6532ac225f", "content": "INR 960,827 85r.788 Other llquity Tntal .nmnr.h.n.iv. incomr for the ocriod aitribut{blc to 145 11S I 17 551 35 t55 35-983 38.837 owncrs ofthc Comoanv Non controllina intcicst lf fl17 rd5-11S 137.551 35-155 35.983 Non conlroliing intcrcs! a1 q{6) 1l -2f6r (686r 337 2.669 Profit fnr thc deriod rttributsblc to : 1g s?1 I 45 002 t14.882 39.t I I 3'7.269 Owncrs ofthc ComDanv Non controlling intcrcst 3g-521 t45-002 t34.rr2 39.1 r I 37,269 other comoreh€nsive income for the Deriod attributsble to : 1686) 33'7 2-669 (3.956) { 1.286) Orvncrs ofthc ComDany d 2a6l f68ril 317 2-669 {3.956) x Totsl other comor€hensive incore for the Deriod (i+ii) 14 61nl {l -579) (762\\ 485 2-943 (271, 674 293 76 I 148) (ii) Income hx relating to items that will not be reclassilied to protit or loss Other comDrchensive income : (i) ttcm that will nol bc rcclassificd to profit or loss nrDenses 108 5gR 87:i I lt3 71{9.153 233.333 219.64'l Cost of matcrials consumcd 41 nR6 58 J87 214-000 2t2.042 6r.636 Purchases of s(ock-in-1rade (3,786) (5,773) 6.330 4.042 (t2,275) Changes in inventories offinished goods, work-in-progress and stock-in- assooiatcs and ioint vcnlurcs throuqh othcr comFrchcnsivc incomc (8) 1 ( l0) ll (ll (c) gain / (loss) on sharc olothcr comprch{nsivc incomc in t 491', I41j (6f2\\ (78) (861r) aa) Rc-mcasurcmcnts ofthc dcfincd bcncfit olans (69r) I,363 1 ItO (+,5821 (939) (b) Fair value changes on llqui!y Inslrumenls MARUTI SUZUKI INDIA LIMITED Plot No. l. Nclson Mandcla Road, Vasant Kunj, Ncw Dclhi - I 10070 CtN : L3-lt03DLl98lPLCol ll75 : website:ww.marutisuzuki.coh :", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "o\ns do\na)\ng\n;\no", "subsection": "(p\n=\no\nC,)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "35b5b27ef16ec838"}, {"chunk_id": "a37dd4367fd2c633", "content": "1 ItO (+,5821 (939) (b) Fair value changes on llqui!y Inslrumenls MARUTI SUZUKI INDIA LIMITED Plot No. l. Nclson Mandcla Road, Vasant Kunj, Ncw Dclhi - I 10070 CtN : L3-lt03DLl98lPLCol ll75 : website:ww.marutisuzuki.coh : E-mail : invcstorg;mrru1i.co.in : Phonc: + 9l-l 1116781000 i Fax: +91-],l-46150275/76 tinaudited Audited Audired Unaudited Unaudited Dcccmber 31, 2024 March 31,2024 M{rch 31, 2025 March 31,2024 March 31,2025 l3t 9,71t r,r53,508 rohl eouitu and liabilities (IrII+III) € Lo rrrrl ^n'hnt lirhiliti.< 305,705 259,5r8 tIt 12,731 r2,030 Cuncnr bx liabilities (Nct) 42,417 4t,'t39 0rher clrent liahilities 15,646 t3,l I9 Financial liabilities 331 33,Et 9 31.617 other non-cunent Iiabilities 5r,6r4 37,630 tl Iotrl noFcurrent lirbilities t5,944 1,888 Dcfered bx liahilitics fNct) Financial liabilities 586 677 Lcasc liabilities ()rh.r ff n\"r.i.l lirh;liri.. 5 962,399 8s6,360 Totel eouitv Equitv 1,572 1,572 Fd',itu <hf. {:rnitrl 960.827 E54,7ltti B F,OUTTY AND LIABILITIES l,3l9,7lE 1,t53,50t Totrl rrceb (I+ll) 29s.242 226334 TI Tnirl .trrrent ,srets A..pr. .lqecifi.i r( hrld hr <,1. 203 203 37.684 25,077 Othcr cr'rent assets Financial asscts 39,t22 83,376 Current !ssets 69,132 53,1 8 I Invcnbrics 6 461 D.f.r.d irt assers lNet) 28,102 28.049 Orher n6n-crrrrenl assets 1,024,476 927,17n Intrl non-correnl e3sets Finahcial asscts s79,218 533,838 lnvcstmcnts I I Loans 3,003 2.981 Other financial asscts 5.838 4,969 4,0t E 2,305 Inranrible assers under develoDment 75,043 a,niral work-in-nrnne$ V^'-ar'hnt r...f. 261,982 3 18.966 Prooertv. Dlant and equipmeDl 6,129 Riohl^f-,,{. ,((cf{ 5,960 244 178 Lease liabilities 205,015 169,81t4 Trnlc naubles 29,546 22.237 34,1 n6", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "o\ns do\na)\ng\n;\no", "subsection": "(p\n=\no\nC,)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "35b5b27ef16ec838"}, {"chunk_id": "e492a68fe5f21de6", "content": "4,969 4,0t E 2,305 Inranrible assers under develoDment 75,043 a,niral work-in-nrnne$ V^'-ar'hnt r...f. 261,982 3 18.966 Prooertv. Dlant and equipmeDl 6,129 Riohl^f-,,{. ,((cf{ 5,960 244 178 Lease liabilities 205,015 169,81t4 Trnlc naubles 29,546 22.237 34,1 n6 oth.r finrncirl r..eis 33.489 65,397 45,96E Trade receivahles t,845 26,595 cash and cash couivalents 3,6t4 t,679 Other bank balances 327 432 Statcmcnt of Consolidatcd Assets and Liabilities As rt Mrrch 31, 2025 As rt Y3rch 31, 2124", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "o\ns do\na)\ng\n;\no", "subsection": "(p\n=\no\nC,)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "35b5b27ef16ec838"}, {"chunk_id": "180a185d008399bc", "content": "t In.liimal drvid.nd rccoht\\ f,.6E4 r',.h rnd .r.h eodvrl€nb comoriscs: f 1 a'^(h ^n'i .hm,,a on hand r R4t rM5 26_595 Cash and cash couivalcnls at Crrh ,rd ssh eouivdents ,t the D1ffinr ^f ditid.nd nn.rnrir! sh,.c\\ (19.100) .n,vmml dl' lssc lirhililics rl9) /l 410 F,nancr co\\t\\ .ard roths than rnterst on lo\"e ltabtlitiesr at.67i' \\.r.r.h rrnm / /trr.d in) finlncinp lctivilicf 1800 P.vments for Durchase ofinveslnr€Dt i] duiw shares ofassocrates )r,xFeds lrom {rlc di deht mulual lunds r71R ROI l ),vm.nrc hr nxrchrsc ol dcbt mulral lilnds ,vnnnR fbr n,rch'(c ofunouold invcstmmls nv.{hdil in fixd demsits with bank g 590 )rn.Rlc ri.m fix.rl dcnorns uiLh bank 1 11) )r....d. Fom salc dfnronenv nlant and edur.menl ll 8l? Pafcnts lbr purchasc olinkngiblD ass€ls and inlangiblc asscls undcr { 102.503r (89. I 6l Paymsts for purchasu ofpropsty, planl and cqulplncnt and caniltl Inv6tine r.ii!ities: 199-4-10 203.982 Cssh sen€ratd from oD€ratine R?4 r8.241' (ln€rcasc)/dccrcasc in othcr linancial asscls lcurrenl) - rln.r.^(.\\/d.r:r.,\\c in othcr.urcnt asscts - ln.r.a(c//na r.,c.\\ in n^n-.,,il1lnl nr6!i(inrs I l7: 201 215 185-765 On.retine nrofft h.forc worHn! clDital chanscs Unrcaliscd forcisn cxchanec (qain)/ loss 35 (q5l Fair valuation sain on invsmmt in d.bt rnulual funds (41.992' 14 129 G.9581 (9. (61 l I ono \\cr losc on \\xlc dbcarJin! ul DroDU'n. olant anJ cuurDmsr 67: { c.in nn s.le ofinve\\htrG in debt miltual funds ( 1.297' n.nrrinri^n .nd,m'rrri.rri^n .rn.ncA 56.082 5t.558 t.942 r.916 ih.r. ^fnr^fir ^finint v.nnrr,\\ ah\"h ^fniwnl.nd lr^n nrinl v.ntrr.r ,r{n.ial.{ -ll:", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "tl)\n(il\n\"\".F)nts", "subsection": "Opinion and Conclusion", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "60eb4878f56f4089"}, {"chunk_id": "85beb17719d6272a", "content": "67: { c.in nn s.le ofinve\\htrG in debt miltual funds ( 1.297' n.nrrinri^n .nd,m'rrri.rri^n .rn.ncA 56.082 5t.558 t.942 r.916 ih.r. ^fnr^fir ^finint v.nnrr,\\ ah\"h ^fniwnl.nd lr^n nrinl v.ntrr.r ,r{n.ial.{ -ll: Dmrrtine ,ctivitics: t96 200 174-245 {.'.h fr6n /rtr.ed in) inv€stins acdviliB t6t ol I il.A.h from odcmtino..tititicr 16l \"15'? hrconre taxs Daid (Net) (38.068) t15,97 l' 2 101 5 767 liabilitics rt 2t4 ln.rea\\e/id&rease) in trade navabls r1 845 in orhcr ljnancral liabilitics (currcnl) r 353 I llt L,.rc'sdldLrrca\\c) in currcnt DrovNions lx7 8 074 hr..e,s.7/d&rease) in other currsl liabilili6 lncrcasc4dmrcasc) rn orhcr fi ndncial liabiliLirs (non-currlnl) /ln.n.avt/i.rrrn.. ir l9n\\ ln.n-drr.ni\\ t12 ( 5lll' (lncrcasc)/dccrcasc in oftq fmancial asscb (non-curml) (lncrcasc)/dccrcasc in olhcr non-curcnl asscts il0 :.]41 /ln.r.'\\.i/dc.rcasc in invcnlons (Increasey'decrease rn rade rec(rvahles { t9.692 (lncruasc' dccrcasc in rdvrncc in lhc nalurc ol loans (currcnt) Consolidated Statement of Crsh Flows for the ycar ended March 31, 2025 Place : New Delhi Date : April 25,2025 CEO 2024 and December 31,2023, respectively which were subjected to limited review. 8 The figures ofprevious periods have been regrouped/reclassified wherever required to conform to the current period's presentation. subject to the approval of the members at the ensuing Annual General Meeting. 7 The figures for the current quarter ended March 3l, 2025 and quarter ended March 31, 2024 are the balancing figures between the audited", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "tl)\n(il\n\"\".F)nts", "subsection": "Opinion and Conclusion", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "60eb4878f56f4089"}, {"chunk_id": "bd6f2cdf7b9d3dae", "content": "7 The figures for the current quarter ended March 3l, 2025 and quarter ended March 31, 2024 are the balancing figures between the audited statutory/ regulatory approvals as on the date ofthese results. 6 The Board of Directors at their meeting considered and recommended a final dividend aggregating INR 42,444 million i.e. INR 135 per 5 The Board of Directors at its meeting held on January 29, 2025 had approved the Scheme of Amalgamation (\"Scheme\") between the Company, Suzuki Motor Gujarat Private Limited (a wholly owned subsidiary of the Company) and their respective shareholders and creditorsaspertheapplicableprovisionsoftheCompaniesAct,20l3(\"Act\")andrulesframedthereunder. TheFirstMotionapplicationof sales, fleet management and car financing. The income from these activities is not material in financial terms but such activities contribute significantly in generating demand for the products ofthe Group. Accordingly there are no reportable segments. 4 The Company invests its surplus funds into debt muhral funds. In compliance with tnd AS - 12 Income taxes, the Company had recorded 3 The Consolidated financial results include the results of the Company, 3 subsidiaries, l4 associates and 3 joint ventures. The Company prescribed under Section 1 33 of the Companies Act, 20 I 3, and the other accounting principles generally accepted in India.", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "tl)\n(il\n\"\".F)nts", "subsection": "Opinion and Conclusion", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "60eb4878f56f4089"}, {"chunk_id": "21943598bfe0b1a7", "content": "The Company prescribed under Section 1 33 of the Companies Act, 20 I 3, and the other accounting principles generally accepted in India. 2 The above financial results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on April 25,2025. The audit of financial results for the year ended March 31,2025 and limited review of financial results for the quarter ended March 31, 2025, as required under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, has been I The above financial results have been prepared in accordance with the recognition and measurement principles laid down in Ind AS Notes to Statement of Consolidated Unaudited / Audited Financial Results for the quarter and year ended March 31,20252 figures for the year ended March 31,2025 and March 31,2024, respectively and published figures up to nine months ended December 31, share (Nominal value INR 5 per share) (Previous Year INR 39,300 million i.e. INR 125 per share) for the financial year 2024-25 which is the Scheme was filed on March 7, 2025 with the National Company Law Tribunal, New Delhi. The Scheme is subject to the applicable gain and prevailing tax regulations. recognised during the quarter ended September 30,2024 and year ended March 31,2025. The actual payment oftax would be made at the time of redemption of this asset class.", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "tl)\n(il\n\"\".F)nts", "subsection": "Opinion and Conclusion", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "60eb4878f56f4089"}, {"chunk_id": "7501950a021054d3", "content": "gain and prevailing tax regulations. recognised during the quarter ended September 30,2024 and year ended March 31,2025. The actual payment oftax would be made at the time of redemption of this asset class. The cash outflow towards tax could be different at the time of redemption depending on the actual rate, whicb has resulted in increase in deferred tax liabilities and corresponding deferred tax expense by INR 8,376 million, which had been Deferred tax liabilities have been remeasured at the prescribed rate on account of withdrawal of the indexation benefit and change in the tax 12.5% plus surcharge and cess (without indexation). Finance (No.2) Act, 2024 withdrew the indexation benefit on long-term capital gains on debt mutual funds which were purchased prior to April l, 2023 and the tax rate applicabte on the said mutual funds was changed from2oo/o plus surcharge and cess (with indexation) to deferred tax liabilities as per applicable law (taking cognisance of the indexation benefit) on fair value gains on these investments. The together with its subsidiaries is herein referred to as the Group. The Group is primarily in the business of manufacturing, purchase and sale of motor vehicles, components and spare parts (\"Automobiles\"). The other activities of the Group comprise facilitation of pre-owned car completed by the Statutory Auditors and they have issued an unmodified report on the aforesaid results.", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "tl)\n(il\n\"\".F)nts", "subsection": "Opinion and Conclusion", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "60eb4878f56f4089"}, {"chunk_id": "2b5bb1dd0c6e8e8b", "content": "The other activities of the Group comprise facilitation of pre-owned car completed by the Statutory Auditors and they have issued an unmodified report on the aforesaid results. For and on behalf of the Directors Chartered Accountants 7th Floor Building 10 Tower B DLF Cyber City Complex DLF City Phase ll Gurugram-\\22 0O2 Haryana, lndia Faxl. +91 124 679 2012 INDEPENDENT AUDITOR'S REPORT 9N AUDIT OF ANNUAL\"STANDALONE FINANCIAL RESULTS AND REVIEW OF QUARTERLY FINANCIAL RESULTS To The Board of Directors of Maruti Suzuki India Limited Opinion and Conclusion", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "tl)\n(il\n\"\".F)nts", "subsection": "Opinion and Conclusion", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "60eb4878f56f4089"}, {"chunk_id": "954594f54a5fb2c6", "content": "We have (a) audited the Standalone Financial Results for the year ended March 3I,2025 and (b) reviewed the Standalone Financial Results for the quarter ended March 37,2025 (refer'Other Matters' section below), which were subject to limited review by us, both included in the accompanying \"statement of Standalone Financial Results for the Quarter and Year Ended March 3L, 2025\" of Maruti Suzuki India. Limited (\"the Compafly\"), (\"the Statement\"), being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2OI5, as amended (the \"LODR Regulations\"). (a) Opinion on Annual Standalone Financial Results In our opinion and to the best of our information and according to the explanations given to us, the Standalone Financial Results for the year ended March 3L,2025:", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "tl)\n(il\n\"\".F)nts", "subsection": "In our opinion and to the best of our information and according to the explanations\ngiven to us, the Standalone Financial Results for the year ended March 3L,2025:", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "78313c3baad070c4"}, {"chunk_id": "94d1909b77b18fea", "content": "i, are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2075, as amended; and ii. gives a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards and other accounting principles generally accepted in India of the net profit and other comprehensive income and other financial information of the Company for the year then ended. (b) Conclusion on Unaudited Standalone Financial Results for the quarter ended March 3L,2025", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "i, are presented in accordance with the requirements of Regulation 33 of the SEBI\n(Listing Obligations and Disclosure Requirements) Regulations, 2075, as\namended; and", "subsection": "(b) Conclusion on Unaudited Standalone Financial Results for the quarter ended\nMarch 3L,2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7df4968b7b57521b"}, {"chunk_id": "849ba0423bd60fea", "content": "With respect to the Standalone Financial Results for the quarter ended March 31, 2025, based on our review conducted as stated in paragraph (b) of Auditor's Responsibilities section below, nothing has come to our attention that causes us to believe that the Standalone Financial Results for the quarter ended March 37,2025, prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2OT5, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "With respect to the Standalone Financial Results for the quarter ended March 31,\n2025, based on our review conducted as stated in paragraph (b) of Auditor's\nResponsibilities section below, nothing has come to our attention that causes us to\nbelieve that the Standalone Financial Results for the quarter ended March 37,2025,\nprepared in accordance with the recognition and measurement principles laid down in\nthe Indian Accounting Standards and other accounting principles generally accepted\nin India, has not disclosed the information required to be disclosed in terms of\nRegulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)\nRegulations,2OT5, as amended, including the manner in which it is to be disclosed,\nor that it contains any material misstatement.", "subsection": "(b) Conclusion on Unaudited Standalone Financial Results for the quarter ended\nMarch 3L,2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "91943c945a2b51ac"}, {"chunk_id": "9226f76c4653cf8e", "content": "We conducted our audit in accordance with the Standards on Auditing (\"SA\"s) specified r Section 143(10) of the Companies Act, 2013 (the \"Act\"). Our responsibilities under ndards are further described in paragraph (a) of Auditor's Responsibilities below. We are independent of the Company in accordance with the Code of Center, Tower 3, 31 st floor, Senapati Bapat Marg, Elphinstone Road (West), Mumbai-400 013, Maharashtra, India. Sells LLP is registered with Limited Liability having LLP identification No: MB-8737 Ethics issued by the Institute of Chartered Accountants of India (\"the ICAi\") together with the ethical requirements that are relevant to our audit of the Standalone Financial Results for the year ended March 3t,2025 under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with Jhese requirements and^ the ICAI's Code of Ethjcs. We believe that the* audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opi.nion. Management's and Board of Directors' Responsibilities for the Statement", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "We conducted our audit in accordance with the Standards on Auditing (\"SA\"s) specified\nr Section 143(10) of the Companies Act, 2013 (the \"Act\"). Our responsibilities under\nndards are further described in paragraph (a) of Auditor's Responsibilities\nbelow. We are independent of the Company in accordance with the Code of", "subsection": "Management's and Board of Directors' Responsibilities for the Statement", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6306e1e2fe18844e"}, {"chunk_id": "31f963a587925a70", "content": "This Statement which includes the Standalone Financial Results is the responsibility of the Company's Board of Directors and has been approved by them for the issuance. The Standalone Financial Results for the year ended March 37,2025 has been compiled from the related audited standalone financial statements. This responsibility includes the preparation and presentation of the Standalone Financial Results for the quarter and year ended March 3I,2025 that give a true and fair view of the net profit and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the LODR Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "This Statement which includes the Standalone Financial Results is the responsibility of\nthe Company's Board of Directors and has been approved by them for the issuance. The\nStandalone Financial Results for the year ended March 37,2025 has been compiled from\nthe related audited standalone financial statements. This responsibility includes the\npreparation and presentation of the Standalone Financial Results for the quarter and\nyear ended March 3I,2025 that give a true and fair view of the net profit and other\ncomprehensive income and other financial information in accordance with the recognition\nand measurement principles laid down in the Indian Accounting Standards prescribed\nunder Section 133 of the Act read with relevant rules issued thereunder and other\naccounting principles generally accepted in India and in compliance with Regulation 33 of\nthe LODR Regulations. This responsibility also includes maintenance of adequate\naccounting records in accordance with the provisions of the Act for safeguarding the\nassets of the Company and for preventing and detecting frauds and other irregularities;\nselection and application of appropriate accounting policies; making judgments and\nestimates that are reasonable and prudent; and the design, implementation and\nmaintenance of adequate internal financial controls that were operating effectively for\nensuring the accuracy and completeness of the accounting records, relevant to the\npreparation and presentation of the Standalone Financial Results that give a true and fair\nview and is free from material misstatement, whether due to fraud or error.", "subsection": "Management's and Board of Directors' Responsibilities for the Statement", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d57c328210040820"}, {"chunk_id": "cfb978ec54c8bad5", "content": "maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Standalone Financial Results that give a true and fair view and is free from material misstatement, whether due to fraud or error.", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "This Statement which includes the Standalone Financial Results is the responsibility of\nthe Company's Board of Directors and has been approved by them for the issuance. The\nStandalone Financial Results for the year ended March 37,2025 has been compiled from\nthe related audited standalone financial statements. This responsibility includes the\npreparation and presentation of the Standalone Financial Results for the quarter and\nyear ended March 3I,2025 that give a true and fair view of the net profit and other\ncomprehensive income and other financial information in accordance with the recognition\nand measurement principles laid down in the Indian Accounting Standards prescribed\nunder Section 133 of the Act read with relevant rules issued thereunder and other\naccounting principles generally accepted in India and in compliance with Regulation 33 of\nthe LODR Regulations. This responsibility also includes maintenance of adequate\naccounting records in accordance with the provisions of the Act for safeguarding the\nassets of the Company and for preventing and detecting frauds and other irregularities;\nselection and application of appropriate accounting policies; making judgments and\nestimates that are reasonable and prudent; and the design, implementation and\nmaintenance of adequate internal financial controls that were operating effectively for\nensuring the accuracy and completeness of the accounting records, relevant to the\npreparation and presentation of the Standalone Financial Results that give a true and fair\nview and is free from material misstatement, whether due to fraud or error.", "subsection": "Management's and Board of Directors' Responsibilities for the Statement", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d57c328210040820"}, {"chunk_id": "444688e56e94bacc", "content": "In preparing the Standalone Financial Results, the Board of Directors is responsible for assessing the Company's ability, to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. The Board of Directors is also responsible for overseeing the financial reporting process of the Company.", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "In preparing the Standalone Financial Results, the Board of Directors is responsible for\nassessing the Company's ability, to continue as a going concern, disclosing, as\napplicable, matters related to going concern and using the going concern basis of\naccounting unless the Board of Directors either intends to liquidate the Company or to\ncease operations, or has no realistic alternative but to do so.", "subsection": "The Board of Directors is also responsible for overseeing the financial reporting process\nof the Company.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8fd88a86183f8b29"}, {"chunk_id": "c09820655b5b1c93", "content": "Our objectives are to obtain reasonable assurance about whether the Standalone Financial Results for the year ended March 3I,2025 as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this Standalone Financial Results. part of an audit in accordance with SAs, we exercise professional judgment and aintain professional skepticism throughout the audit. We also", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "Our objectives are to obtain reasonable assurance about whether the Standalone\nFinancial Results for the year ended March 3I,2025 as a whole are free from\nmaterial misstatement, whether due to fraud or error, and to issue an auditor's\nreport that includes our opinion. Reasonable assurance is a high level of assurance,\nbut is not a guarantee that an audit conducted in accordance with SAs will always\ndetect a material misstatement when it exists. Misstatements can arise from fraud\nor error and are considered material if, individually or in the aggregate, they could\nreasonably be expected to influence the economic decisions of users taken on the\nbasis of this Standalone Financial Results.", "subsection": "part of an audit in accordance with SAs, we exercise professional judgment and\naintain professional skepticism throughout the audit. We also", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fcff910b303f9011"}, {"chunk_id": "605ce87c57dfd4f5", "content": "Identify and assess the risks of material misstatement of the Annual Standalone Financial Results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a gnaterial misstatement rgsulting from fraud is hig.her than for one resultiqg from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control;", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "Identify and assess the risks of material misstatement of the Annual Standalone\nFinancial Results, whether due to fraud or error, design and perform audit\nprocedures responsive to those risks, and obtain audit evidence that is sufficient\nand appropriate to provide a basis for our opinion. The risk of not detecting a\ngnaterial misstatement rgsulting from fraud is hig.her than for one resultiqg from\nerror, as fraud may involve collusion, forgery, intentional omissions,\nmisrepresentations, or the override of internal control;", "subsection": "part of an audit in accordance with SAs, we exercise professional judgment and\naintain professional skepticism throughout the audit. We also", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7f37c80b994acf8a"}, {"chunk_id": "83c6c08dc95fc4db", "content": "Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Board of Directors.", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "Obtain an understanding of internal control relevant to the audit in order to\ndesign audit procedures that are appropriate in the circumstances, but not for\nthe purpose of expressing an opinion on the effectiveness of the Company's\ninternal control.", "subsection": "Evaluate the appropriateness of accounting policies used and the reasonableness\nof accounting estimates made by the Board of Directors.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "df9ba523ac624b98"}, {"chunk_id": "b9654d9a361a91b9", "content": "Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Company to continue as a going concern, If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern,", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "Conclude on the appropriateness of the Board of Directors' use of the going\nconcern basis of accounting and, based on the audit evidence obtained, whether\na material uncertainty exists related to events or conditions that may cast\nsignificant doubt on the ability of the Company to continue as a going concern,\nIf we conclude that a material uncertainty exists, we are required to draw\nattention in our auditor's report to the related disclosures in the Statement or, if\nsuch disclosures are inadequate, to modify our opinion. Our conclusions are\nbased on the audit evidence obtained up to the date of our auditor's report.\nHowever, future events or conditions may cause the Company to cease to\ncontinue as a going concern,", "subsection": "Evaluate the appropriateness of accounting policies used and the reasonableness\nof accounting estimates made by the Board of Directors.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "102c8dd776e3d2ef"}, {"chunk_id": "3ac3163144b95361", "content": "Materiality is the magnitude of misstatements in the Annual Standalone Financial Results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Annual Standalone Financial Results may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Annual Standalone Financial Results. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings including any significant deficiencies in internal control that we identify during our audit.", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "Materiality is the magnitude of misstatements in the Annual Standalone Financial\nResults that, individually or in aggregate, makes it probable that the economic\ndecisions of a reasonably knowledgeable user of the Annual Standalone Financial\nResults may be influenced. We consider quantitative materiality and qualitative\nfactors in (i) planning the scope of our audit work and in evaluating the results of\nour work; and (ii) to evaluate the effect of any identified misstatements in the\nAnnual Standalone Financial Results.", "subsection": "We communicate with those charged with governance regarding, among other\nmatters, the planned scope and timing of the audit and significant audit findings\nincluding any significant deficiencies in internal control that we identify during our\naudit.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0363b994ee4bb620"}, {"chunk_id": "7b0549b6cd295549", "content": "We conducted our review of the Standalone Financial Results for the quarter ended March 3t, 1025 in accordance with Jhe Standard on Review. Engagements (\"SRE\") .. 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the ICAI. A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters, and applying analytical and other review procedures, A review is substantially less in scope than an audit conducted in accordance with SAs specified under section 143(10) of the Act and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. The Statement includes the results for the Quarter ended March 3I,2025 being the balancing figure between audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the current financial year which were subject to limited review by us. Our report on the Statement is not modified in respect of this matter, For Deloitte Haskins & Sells LLP Chartered Accountants (Firm's Registration No. LL7366W /W-100018)", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "We conducted our review of the Standalone Financial Results for the quarter ended\nMarch 3t, 1025 in accordance with Jhe Standard on Review. Engagements (\"SRE\") ..\n2410 'Review of Interim Financial Information Performed by the Independent\nAuditor of the Entity', issued by the ICAI. A review of interim financial information\nconsists of making inquiries, primarily of the Company's personnel responsible for\nfinancial and accounting matters, and applying analytical and other review\nprocedures, A review is substantially less in scope than an audit conducted in\naccordance with SAs specified under section 143(10) of the Act and consequently\ndoes not enable us to obtain assurance that we would become aware of all\nsignificant matters that might be identified in an audit. Accordingly, we do not\nexpress an audit opinion.", "subsection": "For Deloitte Haskins & Sells LLP\nChartered Accountants\n(Firm's Registration No. LL7366W /W-100018)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "23a2846fc3900e91"}, {"chunk_id": "0c713100a9fee1bc", "content": "( U DIN : 2509347 48M O M BI57BB) Place: New Delhi Date: April25,2025 r) Chartered Accountants 7th Floor Building 10 Tower B DLF Cyber City Complex DLF City Phase ll Gurugram-1220O2 Haryana, India l2l'.1l,,','loullnTflf, INDEPENDENT AUDITOR'S REPORT ON AUDIT OF ANNUAL CONSOLIDATED FINANCIAL RESULTS AND REVIEW OF QUARTERLY FINANCIAL RESULTS To The Board of Directirrs of Maruti Suzuki India Limited Opinion and Conclusion", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "( U DIN : 2509347 48M O M BI57BB)\nPlace: New Delhi\nDate: April25,2025\nr)", "subsection": "Opinion and Conclusion", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "73d4998b01d544fa"}, {"chunk_id": "8ea5a5a18c839f1d", "content": "We have (a) audited the Consolidated Financial Results forthe year ended March 3I,2025 and (b) reviewed the Consolidated Financial Results for the quarter ended March 3t,2025 (refer 'Other Matters' section below), which were subject to limited review by us, both included in the accompanying \"statement of Consolidated Financial Results for the Quarter and Year Ended March 3L, 2025\" of Maruti Suzuki India Limited (\"the Holding Company\") and its subsidiaries (the Holding Company and its subsidiaries together referred to as \"the Group\"), and its share of the net profit after tax and other comprehensive income of its joint ventures and associates for the quarter and year ended March 37,2025, (\"the Statement\") being submitted by the Holding Company pursuant to the requirements of Regulation 33) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the'LODR Regulations\").", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "We have (a) audited the Consolidated Financial Results forthe year ended March 3I,2025\nand (b) reviewed the Consolidated Financial Results for the quarter ended March 3t,2025\n(refer 'Other Matters' section below), which were subject to limited review by us, both\nincluded in the accompanying \"statement of Consolidated Financial Results for the Quarter\nand Year Ended March 3L, 2025\" of Maruti Suzuki India Limited (\"the Holding\nCompany\") and its subsidiaries (the Holding Company and its subsidiaries together\nreferred to as \"the Group\"), and its share of the net profit after tax and other\ncomprehensive income of its joint ventures and associates for the quarter and year ended\nMarch 37,2025, (\"the Statement\") being submitted by the Holding Company pursuant to\nthe requirements of Regulation 33) of the SEBI (Listing Obligations and Disclosure\nRequirements) Regulations, 2015, as amended (the'LODR Regulations\").", "subsection": "Opinion and Conclusion", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a2e7f97d4788917b"}, {"chunk_id": "5884de6c6b035b2a", "content": "In our opinion and to the best of our information and according to the explanations given to us, and based on the consideration of the audit reports of other auditors on separate financial statements / financial information of subsidiaries, associates and joint ventures referred to in Other Matters section below, the Consolidated Financial Results for the year ended March 3L, 2025: (i) includes the financial results of the following entities Maruti Suzuki India Limited Suzuki Motor Gujarat Private Limited, True Value Solutions Limited, and J.J Impex (Delhi) Limited. Mark Exhaust Systems Limited, Bellsonica Auto Component India Private Limited, Bahucharaji Rail Corporation Limited, FMI Automotive Components Private Limited, Maruti Suzuki Insurance Broking Private Limited, Hanon Climate Systems India Private Limited, SKH Metals Limited, Jay Bharat Maruti Limited, Caparo Maruti Limited, Machino Plastics Limited, Bharat Seats Limited, Krishna Marutl Limited, Manesar Steel Processing India Private Limited and Nippon Thermostat (India) Limited. Regd. Office: One lnternational Center, Tower 3, 31st floor, Senapati Bapat Marg, Elphinstone Road (West), Mumbai-400 013, Maharashtra, lndia. Detoitte Haskins & Sells LLP is registered with Limited Liability having LLP identification No: AAB-8737 Marelli Powertrain India Private Limited, Maruti Suzuki Toyotsu India Private", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "In our opinion and to the best of our information and according to the explanations\ngiven to us, and based on the consideration of the audit reports of other auditors on\nseparate financial statements / financial information of subsidiaries, associates and\njoint ventures referred to in Other Matters section below, the Consolidated Financial\nResults for the year ended March 3L, 2025:\n(i) \nincludes the financial results of the following entities", "subsection": "Marelli Powertrain India Private Limited, Maruti Suzuki Toyotsu India Private\nLimited and Plastic Omnium Auto Inergy Manufacturing India Private Limited.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "23013d649e0db187"}, {"chunk_id": "1956dc85fd375f97", "content": "(ii) are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended; and (iii) gives a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards and other accounting principles generally accepted in India of the consolidated net profit and consolidated other comprehensive income and other financial information of the Group for the year ended March 31, 2025. (b) Conclusion on Unaudited Consolidated Financial Results for the quarter ended March 3Lt 2025", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "(ii) are presented in accordance with the requirements of Regulation 33 of the SEBI\n(Listing Obligations and Disclosure Requirements) Regulations, 2015, as\namended; and\n(iii) gives a true and fair view in conformity with the recognition and measurement\nprinciples laid down in the Indian Accounting Standards and other accounting\nprinciples generally accepted in India of the consolidated net profit and\nconsolidated other comprehensive income and other financial information of the\nGroup for the year ended March 31, 2025.", "subsection": "(b) Conclusion on Unaudited Consolidated Financial Results for the quarter ended\nMarch 3Lt 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9b0a701af6202cca"}, {"chunk_id": "f71db3e64e5aee22", "content": "With respect to the Consolidated Financial Results for the quarter ended March 31, 2025, based on our review conducted and procedures performed as stated in paragraph (b) of Auditor's Responsibilities section below and based on the consideration of the review reports of the other auditors referred to in Other Matters section below, nothing has come to our attention that causes us to believe that the Consolidated Financial Results for the quarter ended March 3L,2025, prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2OL5, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "With respect to the Consolidated Financial Results for the quarter ended March 31,\n2025, based on our review conducted and procedures performed as stated in\nparagraph (b) of Auditor's Responsibilities section below and based on the\nconsideration of the review reports of the other auditors referred to in Other Matters\nsection below, nothing has come to our attention that causes us to believe that the\nConsolidated Financial Results for the quarter ended March 3L,2025, prepared in\naccordance with the recognition and measurement principles laid down in the Indian\nAccounting Standards and other accounting principles generally accepted in India, has\nnot disclosed the information required to be disclosed in terms of Regulation 33 of the\nSEBI (Listing Obligations and Disclosure Requirements) Regulations, 2OL5, as\namended, including the manner in which it is to be disclosed, or that it contains any\nmaterial misstatement.", "subsection": "(b) Conclusion on Unaudited Consolidated Financial Results for the quarter ended\nMarch 3Lt 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "eb887b2e1157f360"}, {"chunk_id": "a8d856224caf7df9", "content": "We conducted our audit in accordance with the Standards on Auditing (\"SA\"s) specified under Section 143(10) of the Companies Act, 2013 (the \"Act\"). Our responsibilities under those Standards are further described in paragraph (a) of Auditor's Responsibilities section below. We are independent of the Group, its associates and joint ventures in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (\"the ICAI\") together with the ethical requirements that are relevant to our audit of the Consolidated Financial Results for the year ended March 3L,2025 under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI's Code of Ethics. We believe that the audit evidence obtained by us and the audit evidence obtained by other auditors in terms of their reports referred to in Other Matters section below, is sufficient and appropriate to provide a basis for our audit opinion. Management's and Board of Directors' Responsibilities for the Statement", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "We conducted our audit in accordance with the Standards on Auditing (\"SA\"s) specified\nunder Section 143(10) of the Companies Act, 2013 (the \"Act\"). Our responsibilities under\nthose Standards are further described in paragraph (a) of Auditor's Responsibilities section\nbelow. We are independent of the Group, its associates and joint ventures in accordance\nwith the Code of Ethics issued by the Institute of Chartered Accountants of India (\"the\nICAI\") together with the ethical requirements that are relevant to our audit of the\nConsolidated Financial Results for the year ended March 3L,2025 under the provisions of\nthe Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in\naccordance with these requirements and the ICAI's Code of Ethics. We believe that the\naudit evidence obtained by us and the audit evidence obtained by other auditors in terms\nof their reports referred to in Other Matters section below, is sufficient and appropriate to\nprovide a basis for our audit opinion.", "subsection": "Management's and Board of Directors' Responsibilities for the Statement", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5de0508057fc7712"}, {"chunk_id": "34e9fcb1823e9e3a", "content": "This Statement, which includes the Consolidated Financial Results is the responsibility of the Holding Company's Board of Directors and has been approved by them for the issuance. The Consolidated Financial Results for the year ended March 3I,2025, has been compiled from the related audited consolidated financial statements. This responsibility udes the preparation and presentation of the Consolidated Financial Results for the and year ended March 37,2025 that give a true and fair view of the consolidated net profit and consolidated other comprehensive income and other financial information of the Group including its associates and joint ventures in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards, prescribed under Section 133 of the Act, read with relevant rules issued thereunder and other accounting pr:inciples generally accepted in India and in compliance with Regulation 33\"of the LODR Regulations.", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "This Statement, which includes the Consolidated Financial Results is the responsibility of\nthe Holding Company's Board of Directors and has been approved by them for the\nissuance. The Consolidated Financial Results for the year ended March 3I,2025, has been\ncompiled from the related audited consolidated financial statements. This responsibility\nudes the preparation and presentation of the Consolidated Financial Results for the\nand year ended March 37,2025 that give a true and fair view of the consolidated", "subsection": "net profit and consolidated other comprehensive income and other financial information of\nthe Group including its associates and joint ventures in accordance with the recognition\nand measurement principles laid down in the Indian Accounting Standards, prescribed\nunder Section 133 of the Act, read with relevant rules issued thereunder and other\naccounting pr:inciples generally accepted in India and in compliance with Regulation 33\"of\nthe LODR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3b5e07d06757fef2"}, {"chunk_id": "436039d99345f4b8", "content": "The respective Board of Directors of the companies included in the Group and of its associates and joint ventures are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Group and its associates and joint ventures and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the respective financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of this Consolidated Financial Results by the Directors of the Holding Company, as aforesaid.", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "The respective Board of Directors of the companies included in the Group and of its\nassociates and joint ventures are responsible for maintenance of adequate accounting\nrecords in accordance with the provisions of the Act for safeguarding the assets of the\nGroup and its associates and joint ventures and for preventing and detecting frauds and\nother irregularities; selection and application of appropriate accounting policies; making\njudgments and estimates that are reasonable and prudent; and the design,\nimplementation and maintenance of adequate internal financial controls, that were\noperating effectively for ensuring the accuracy and completeness of the accounting\nrecords, relevant to the preparation and presentation of the respective financial results\nthat give a true and fair view and are free from material misstatement, whether due to\nfraud or error, which have been used for the purpose of preparation of this Consolidated\nFinancial Results by the Directors of the Holding Company, as aforesaid.", "subsection": "net profit and consolidated other comprehensive income and other financial information of\nthe Group including its associates and joint ventures in accordance with the recognition\nand measurement principles laid down in the Indian Accounting Standards, prescribed\nunder Section 133 of the Act, read with relevant rules issued thereunder and other\naccounting pr:inciples generally accepted in India and in compliance with Regulation 33\"of\nthe LODR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "215060af6f437e22"}, {"chunk_id": "663cb6fed2529db4", "content": "In preparing the Consolidated Financial Results, the respective Board of Directors of the companies included in the Group and of its associates and joint ventures are responsible for assessing the ability of the respective entities to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate their respective entities or to cease operations, or has no realistic alternative but to do so.", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "In preparing the Consolidated Financial Results, the respective Board of Directors of the\ncompanies included in the Group and of its associates and joint ventures are responsible\nfor assessing the ability of the respective entities to continue as a going concern,\ndisclosing, as applicable, matters related to going concern and using the going concern\nbasis of accounting unless the respective Board of Directors either intends to liquidate their\nrespective entities or to cease operations, or has no realistic alternative but to do so.", "subsection": "net profit and consolidated other comprehensive income and other financial information of\nthe Group including its associates and joint ventures in accordance with the recognition\nand measurement principles laid down in the Indian Accounting Standards, prescribed\nunder Section 133 of the Act, read with relevant rules issued thereunder and other\naccounting pr:inciples generally accepted in India and in compliance with Regulation 33\"of\nthe LODR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "779e02414662b23d"}, {"chunk_id": "fea184cecd2f51a2", "content": "Auditor's Responsibilities (a) Audit of the Consolidated Financial Results for the year ended March 31, 2()25 Our objectives are to obtain reasonable assurance about whether the Consolidated Financial Results for.the year ended March 3I,2025 as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion, Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this Consolidated Financial Results, As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "Auditor's Responsibilities\n(a) Audit of the Consolidated Financial Results for the year ended March 31,\n2()25", "subsection": "As part of an audit in accordance with SAs, we exercise professional judgment and\nmaintain professional skepticism throughout the audit. We also:", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "520967d995cab127"}, {"chunk_id": "4ad104e0a5f0d656", "content": "Identify and assess the risks of material misstatement of the Annual Consolidated Financial Results, whether due to fraud or error/ design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one f resulting from error, aS fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit\"procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of such controls. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Board of Directors. Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the requirements specified under Regulation 33 of the LODR Regulations.", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "Identify and assess the risks of material misstatement of the Annual\nConsolidated Financial Results, whether due to fraud or error/ design and\nperform audit procedures responsive to those risks, and obtain audit evidence\nthat is sufficient and appropriate to provide a basis for our opinion. The risk of\nnot detecting a material misstatement resulting from fraud is higher than for one\nf", "subsection": "Evaluate the appropriateness and reasonableness of disclosures made by the\nBoard of Directors in terms of the requirements specified under Regulation 33 of\nthe LODR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b0483a25b8775d5b"}, {"chunk_id": "cba10de42789f74c", "content": "Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group and its associates and joint ventures to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Consolidated Financial Results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group and its associates and joint ventures to cease to continue as a going concern,", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "Conclude on the appropriateness of the Board of Directors' use of the going\nconcern basis of accounting and, based on the audit evidence obtained, whether\na material uncertainty exists related to events or conditions that may cast\nsignificant doubt on the ability of the Group and its associates and joint ventures\nto continue as a going concern. If we conclude that a material uncertainty exists,\nwe are required to draw attention in our auditor's report to the related\ndisclosures in the Consolidated Financial Results or, if such disclosures are\ninadequate, to modify our opinion. Our conclusions are based on the audit\nevidence obtained up to the date of our auditor's report. However, future events\nor conditions may cause the Group and its associates and joint ventures to cease\nto continue as a going concern,", "subsection": "Evaluate the appropriateness and reasonableness of disclosures made by the\nBoard of Directors in terms of the requirements specified under Regulation 33 of\nthe LODR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "accd9f16e16b07a0"}, {"chunk_id": "3e776b892ed4b5e6", "content": "a Obtain sufficient appropriate audit evidence regarding the Annual Standalone Financial Results/ Financial Information of the entities within the Group and its associates and joint ventures to express an opinion on the Annual Consolidated Financial Results. We are responsible for the direction, supervision and performance of the audit of financial information of such-entities included in the Annual Consolidated Financial Results of which we are the independent auditors. For the other entities included in the Annual Consolidated Financial Results, which have been audited by the other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "a\nObtain sufficient appropriate audit evidence regarding the Annual Standalone\nFinancial Results/ Financial Information of the entities within the Group and its\nassociates and joint ventures to express an opinion on the Annual Consolidated\nFinancial Results. We are responsible for the direction, supervision and\nperformance of the audit of financial information of such-entities included in the\nAnnual Consolidated Financial Results of which we are the independent auditors.\nFor the other entities included in the Annual Consolidated Financial Results,\nwhich have been audited by the other auditors, such other auditors remain\nresponsible for the direction, supervision and performance of the audits carried\nout by them. We remain solely responsible for our audit opinion.", "subsection": "Evaluate the appropriateness and reasonableness of disclosures made by the\nBoard of Directors in terms of the requirements specified under Regulation 33 of\nthe LODR Regulations.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d7aa9ca793b0f216"}, {"chunk_id": "b6b99205d95c7be3", "content": "Materiality is the magnitude of misstatements in the Annual Consolidated Financial Results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Annual Consolidated Financial Results may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Annual Consolidated Financial Results. We communicate with those charged with governance of the Holding Company and such other entities included in the Consolidated Financial Results of which we are the independent auditors regarding, among other matters, the planned scope and timing the audit and significant audit findings including any significant deficiencies in \\<ins ternal control that we identify during our audit.", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "Materiality is the magnitude of misstatements in the Annual Consolidated Financial\nResults that, individually or in aggregate, makes it probable that the economic\ndecisions of a reasonably knowledgeable user of the Annual Consolidated Financial\nResults may be influenced. We consider quantitative materiality and qualitative\nfactors in (i) planning the scope of our audit work and in evaluating the results of our\nwork; and (ii) to evaluate the effect of any identified misstatements in the Annual\nConsolidated Financial Results.", "subsection": "\\<ins\nternal control that we identify during our audit.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "fc999bef5587ed7a"}, {"chunk_id": "c865aed1cc726655", "content": "(b) Revidw of the Consolidated Financial Results for the quarter ended M6rch 31, 2025 We conducted our review of the Consolidated Financial Results for the quarter ended March 3!,2025 in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the ICAL A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with SAs specified under section 143(10) of the Act and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. The Statement includes the results of the entities as listed under paragraph (a)(i) of Opinion and Conclusion section above.", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "(b)\nRevidw of the Consolidated Financial Results for the quarter ended M6rch\n31, 2025", "subsection": "The Statement includes the results of the entities as listed under paragraph (a)(i) of\nOpinion and Conclusion section above.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b08aa6fa32667cb2"}, {"chunk_id": "8880637cefe4caaa", "content": "We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(B) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable' The Statement includes the results for the quarter ended March 3L,2025 being the balancing figure between audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the current financial year which were subject to limited review by us. Our report is not modified in respect of this matter.", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "We also performed procedures in accordance with the circular issued by the SEBI\nunder Regulation 33(B) of the SEBI (Listing Obligations and Disclosure\nRequirements) Regulations, 2015, as amended, to the extent applicable'", "subsection": "The Statement includes the results for the quarter ended March 3L,2025 being the\nbalancing figure between audited figures in respect of the full financial year and the\npublished year to date figures up to the third quarter of the current financial year which\nwere subject to limited review by us. Our report is not modified in respect of this\nmatter.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3734c86dd5cc1052"}, {"chunk_id": "5b4c9237faeaf751", "content": "a We did not audit the financial statements / financial information of 2 subsidiaries included in the consolidated financial results, whose financial statements / financial information reflect total assets of Rs. 655 million as at March 3t,2025 and total revenues of Rs. 792 million for the year ended March 3I,2025, total net profit after tax of Rs. 44 million for the year ended March 3I,2025 and other comprehensive income of Rs. 0 million for the year ended March 31,2025 and net cash flows of Rs. 10 million for the year ended March 3L,2025, as considered in the Statement. These financial statements/ financial information have been audited, by other auditors whose reports have been furnished to us by the Management and our opinion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the reports of the other auditors and the procedures performed by us as stated under Auditor's Responsibilities section above. Our report on the Statement is not modified in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors,", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "a\nWe did not audit the financial statements / financial information of 2 subsidiaries included\nin the consolidated financial results, whose financial statements / financial information\nreflect total assets of Rs. 655 million as at March 3t,2025 and total revenues of Rs.\n792 million for the year ended March 3I,2025, total net profit after tax of Rs. 44 million\nfor the year ended March 3I,2025 and other comprehensive income of Rs. 0 million for\nthe year ended March 31,2025 and net cash flows of Rs. 10 million for the year ended\nMarch 3L,2025, as considered in the Statement. These financial statements/ financial\ninformation have been audited, by other auditors whose reports have been furnished to\nus by the Management and our opinion on the Statement, in so far as it relates to the\namounts and disclosures included in respect of these subsidiaries, is based solely on the\nreports of the other auditors and the procedures performed by us as stated under\nAuditor's Responsibilities section above.", "subsection": "Our report on the Statement is not modified in respect of the above matters with respect\nto our reliance on the work done and the reports of the other auditors,", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c59bf73924a2da9e"}, {"chunk_id": "37a216a5eaa2f0f1", "content": "The consolidated financial results includes the unaudited financial statements/ financial information of 2 subsidiaries, whose financial statements / financial information reflect total revenues of Rs. 193 million for the quarter ended March 3I,2025, total net profit after tax of Rs. 9 million for the quarter ended March 37,2025 and other comprehensive", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "The consolidated financial results includes the unaudited financial statements/ financial\ninformation of 2 subsidiaries, whose financial statements / financial information reflect\ntotal revenues of Rs. 193 million for the quarter ended March 3I,2025, total net profit\nafter tax of Rs. 9 million for the quarter ended March 37,2025 and other comprehensive", "subsection": "Our report on the Statement is not modified in respect of the above matters with respect\nto our reliance on the work done and the reports of the other auditors,", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b80e912b9be5a266"}, {"chunk_id": "23a090641b7275ac", "content": "income of Rs. 0 million for the quarter ended March 3I,2025, as considered in the Statement, The consolidated financial results also includes the Group's share of profits after tax of Rs. 719 million and Rs. 2,439 million for the quarter and year ended March 3L,2025 respectively and other comprehensive income of Rs. (1) million and Rs, (10) million for tlae quarter and year ended March 3L,2025 respectively, as considered in tt'le Statement, in respect of 14 associates and 3 joint ventures, whose financial statements/ financial information have not been audited by us. These financial statements/ financial information are unaudited and have been furnished to us by the Management and our opinion and conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, joint ventures and associates, is based solely on such unaudited financial statements/ financial information. In our opinion and according to the information and explanations given to us by the Board of Directors, these financial statements/ financial information are not material to the Group. Our report on the Statement is not modified in respect of the above matter with respect to our reliance on the financial statements/ financial information certified by the Board of the Directors,", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "income of Rs. 0 million for the quarter ended March 3I,2025, as considered in the\nStatement, The consolidated financial results also includes the Group's share of profits\nafter tax of Rs. 719 million and Rs. 2,439 million for the quarter and year ended March\n3L,2025 respectively and other comprehensive income of Rs. (1) million and Rs, (10)\nmillion for tlae quarter and year ended March 3L,2025 respectively, as considered in tt'le\nStatement, in respect of 14 associates and 3 joint ventures, whose financial statements/\nfinancial information have not been audited by us. These financial statements/ financial\ninformation are unaudited and have been furnished to us by the Management and our\nopinion and conclusion on the Statement, in so far as it relates to the amounts and\ndisclosures included in respect of these subsidiaries, joint ventures and associates, is\nbased solely on such unaudited financial statements/ financial information. In our\nopinion and according to the information and explanations given to us by the Board of\nDirectors, these financial statements/ financial information are not material to the Group.", "subsection": "Our report on the Statement is not modified in respect of the above matter with respect\nto our reliance on the financial statements/ financial information certified by the Board\nof the Directors,", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0a70dddeafa7afb1"}, {"chunk_id": "ace4422a1305149f", "content": "[TABLE] Company: MARUTI | Year: FY2025 | Section: Sanjeev \nGrover > Sanjeev Grover \nExecutive Officer & Company Secretary | Page: 1\n\n| MSIL: COS: NSE | &BSE: 2025/04_ | 11 |  |  | MARUT�I� | $ SUZ |\n|---|---|---|---|---|---|---|\n| 25th April 2025 |  |  |  |  |  |  |\n| Vice President |  |  |  | General Manage | r |  |\n| National Stock Ex | change of India | Li | mited, | Department of C | orporate Servi | ces |\n| “Exchange Plaza”, | Bandra Kurla Co | mp | lex, | BSE Limited |  |  |\n| Bandra (E), |  |  |  | Phiroze Jeejeebh | oy Towers |  |\n| Mumbai - 400 051 |  |  |  | Dalal Street Mu | mbai - 400 001 |  |\n| Sub: 1) Audited | Financial Resul | ts f | or the year ended | on 31st March 2 | 025 |  |\n| 2)Auditor | s’ Report |  |  |  |  |  |\n| 3)Record | Date and Date of | pa | yment of Dividen | d |  |  |\n| 4)Date of | Annual General | Me | eting |  |  |  |\n| Dear Sir(s), |  |  |  |  |  |  |\n| Please find enclose | d the following: |  |  |  |  |  |\n| 1) Audited fin | ancial results for | the | year ended on 31st | March 2025 as a | pproved by th | e board |\n| of directors | in its meeting he | ld t | oday. (Annexure - | “A”). |  |  |\n| 2) Auditors’ R | eport (Annexure | - “ | B”) |  |  |  |\n| 3) The Board | has recommende | d a | dividend as mentio | ned in the notes | to the financi | al results |\n| enclosed as | Annexure - “A”. | Th | e dividend on equi | ty shares for the | year ended 31 | st March |\n| 2025, if dec | lared at the ensu | ing | Annual General M | eeting, will be p | aid to the Me | mbers as |\n| at the close | of business hour | s o | n Friday, the 1st A | ugust 2025 (Rec | ord Date). Th | e date of |\n| payment of | dividend is 3rd S | epte | mber 2025. |  |  |  |\n| 4) The annual | general meeting | of t | he Company shall | be held on 28th A | ugust 2025. |  |\n| The board meeting | commenced at 1 | 1:0 | 0 a.m. and conclud | ed at 1:50 p.m. |  |  |\n| Kindly take the sam | e on records. |  |  |  |  |  |\n| Thanking You |  |  |  |  |  |  |\n| Yours truly, |  |  |  |  |  |  |\n| For Maruti Suzuk | i India Limited |  |  |  |  |  |\n| Sanjeev Grover |  |  |  |  |  |  |\n| Executive Officer | & Company Secr | etar | y |  |  |  |\n| RUTSIU ZUIKNID | LIIAM ITED |  |  |  |  |  |\n| aOdff ice: rSuutziuI knidL iiam i | ted, |  | GurgnPa loant: MaruSluiz uIknidL ii | arn iled, | ManePslaar n Mar SuutziuIkn | t: idL iiam i |\n| elsMoann dReoldaa,V a wD el-1h 1i0 0I7n0d,i 0:1 1-467F8ax10:01 0 | saKnutn j, a. 10-,4 615027 | 5/ | OldP alGaumr gRao Gurg-a1 o2n2 0H1a5 T4e6l1:5 00217264 F-a | oand , r,y aInnad,i a. :2 x03142647-2213,4 1 | PlNoot. P1h,a Gurg-a1 o2n2 T3e00l41: 2 4-4 | -s3 eA I,M MT 0H5a1r,y 8F8a4x00:1 |", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 1, "section": "Sanjeev \nGrover", "subsection": "Sanjeev Grover \nExecutive Officer & Company Secretary", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "64b0fef8ccf31080", "content": "[TABLE] Company: MARUTI | Year: FY2025 | Section: Sanjeev \nGrover > Sanjeev Grover \nExecutive Officer & Company Secretary | Page: 2\n\n|  |  |  | Plo | MARUTI t No. l, Nelson Mande | SUZUKI I la Road, V | NDIA LIMITE asant Kunj, New | D Delhi - I 10070 |  |  |  |\n|---|---|---|---|---|---|---|---|---|---|---|\n|  |  |  | CIN E-mail : invc | : L34l03DLl98lPLC stor(@maruti.do.in ; P | 0l 1375 ; honc : + 9l- | Website:www.ma l l-46781000 ; | rutisuzuki.com Fax: +91-ll-4615 | ; 0275176 |  |  |\n| State | ment of Sta | ndalone | Unaudited / | Audited Financial | Results | for the quarte | r and year en | ded March | 3l' 2025 |  |\n|  |  |  |  |  | Marc | Ouarte h 31, Decem | r ended ber 31, Marc | tn h 31, Ma | sh Year ended rch 31, Ma | are rch 31, |\n|  |  |  | Particulars |  | 20 Ilnan | 25 20 dited Ilnau | 24 20 dited Unau | 24 dited A | 2025 2 ndited Au | 024 difed |\n|  | f,lowcnrrp frnm Sale oforoduc | nnerefi ts | ons |  |  | 3 88.488 | 368-02C | 366.975 | 1.451.152 | t.349.378 |\n|  | Other oDeratin | s revenue | s |  |  | I 8.250 | I 6-901 | t5_374 | 6'7.849 | 59.948 |\n| I | Total Revenu | e from o | nerations |  |  | 406.738 14.466 | 384.921 9-n5fl | 3*2-34S It-180 | r.sr 9-001 41-SO4 | 1.409.326 38.548 |\n| II III | Ofher income Total Income | (l*II) |  |  |  | 421.204 | 394.771 | 393-529 | l -s66^505 | 1-447-814 |\n|  | F,xnenses |  |  |  |  |  |  |  |  |  |\n|  | Cost of matcri | als consu | lned |  |  | t44.709 | 129.91t | 121.O45 | s29.271 | 4s9.39'1 |\n|  | Purchases of s | tock-in+r | ade |  |  | 154.718 | I 38.85( | 147.099 | s64.34C | 55 1.099 |\n|  | Changes in inv | entories | offinished goo | ds, work-in-progress a | nd | (7,074) | 6,800 | 4,740 | (8,903) | (4,42e) |\n|  | stock-in-trade Enrnlovee ben | efi ts exne | nse |  |  | l s.691 | 15.415 | 11 652 76) | 61.37(. I-93 | s4_784 1.932 |\n|  | Finance costs Denreciation a | nd amort | isation exDenses |  |  | 472 8;724 | 484 8.050 49.952 | 7 ?,go 49,501 | 1 3l -593 198.24(. | 30.223 l 86.3s2 |\n|  | Other exnense Vehicles / dies | s for own | use |  |  | s6.674 (627) | ('t16) | r54R) | (3.169', | ( 1.8881 |\n| IV | Tofrl Exnens | es |  |  |  | 313-281 | 348-752 | 141-s5l | l -?74^613 | 1-277 -410 |\n| V | Profif before | tax (III-I | V) |  |  | 41.911 | 46,Ot S | 49-91fl | l9l -832 | 170-4$4 |\n|  | Tax exnense Current tax ( | refer |  |  |  | 8.594 | I O_0RS 680 | 10.540 660 | 38.41t 13.862 | 36.31l t.999 |\n| VI | Deferred tax Total tax exD | note ense | 4) |  |  | 2.212 I 0-flo6 | 10-769 | I l^200 | 52.280 | 1n_11 n |\n| VII | Prnfif fnr lhe | neriod 1 | V-VI) |  |  | 17-t I I | 35-250 | 38.778 | 139.552 | 1 12-OSr' |\n|  | l-}fher cnmnre r'i) Iterns that (a) Re-m | hensive will not b easureme | income e reclassified to nts of the defin | orofit or loss ed benefit plans |  | 2C | /632) | (97) | (795\\ | /453' |\n|  | (b) Fair throu (ii) Income ta | value cha sh other x relating | nges on Equity comnrehensive to items that wi | Instruments income ll not be reclassified |  | (4,s82) (4-SS6l 649 | (e3e) (1.571) 293 | (6el) r?nfl) 84 | I,363 56fl (173) | 3,429 2-97( (288) |\n|  | to profit or | loss |  |  |  |  |  |  |  |  |\n| vIII | Total other c | omprehe | nsive income f | or the period (i+ii) |  | (3,907) | (1,278) | (704) | 39s | 2,688 |\n| IX | Total compre | hensive | income for the | period (VII+Vil) |  | 33,204 | 33,972 | 38,074 | 139,947 | 134,782 |\n| x xt | Paid-uo eouitv Face value oft | share ca he share | pital (INR) |  |  | t.57i | 1.s72 5 | 1.572 | \\|.s72 5 | 1.572 5 |\n| XII XIII | Other Equitv Faminqs ner e Basic | orrifv sha | re (of INR 5 ea | ch) (not annualised) |  | r t8 04 | I t2.12 | r23.34 | 938.895 443.86 | Ri8 24R 43 r .08 |", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 2, "section": "Sanjeev \nGrover", "subsection": "Sanjeev Grover \nExecutive Officer & Company Secretary", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "24dfcaa11d1587c8", "content": "[TABLE] Company: MARUTI | Year: FY2025 | Section: Sanjeev \nGrover > New Delhi\nl* | Page: 3\n\n| tatem | ent of Stan | dalone Assets and Liabilities |  |  |\n|---|---|---|---|---|\n|  |  |  | INR in | million |\n|  |  | As at M | arch 31, As at Ma | rch 310 |\n| Pa | rticulars | ti2 | 1 202 | 4 |\n|  |  | Aud | ifed Audit | ed |\n| A AS | SETS |  |  |  |\n| No | n-current as | sets |  |  |\n|  | Property, pla | nt and equipment | 236.382 | t74.314 6.r29 |\n|  | Right-of-use Capital work- | assets in-progress | 5.858 53.57 5 | 63.034 |\n|  | Intangible ass | ets | 4.828 | 4.5 10 |\n|  | Intangible ass | ets under development | 4.018 | 2.305 |\n|  | Financial ass | ets |  |  |\n|  | Investment | s | 689.459 | 646.0r5 |\n|  | Loans |  | I | I |\n|  | Other finan | cial assets | 871 | 822 |\n|  | Non-cunent t | ax assets (Net) | 4.743 | s.439 |\n|  | Deferred tax | assets (Net) |  | 1.t24 |\n|  | Other non-cu | rrent assets | 23,945 | 21.531 |\n| I To | tal non-curre | nt assets | 1.023.680 | 925-224 |\n| Cu | rrent assets |  |  |  |\n|  | Inventories |  | sr.23c | 4r.196 |\n|  | Financial ass | ets |  | 39.r22 |\n|  | Investment Trade recei | s vables | 55.604 65.371 | 46.013 |\n|  | Cash and c | ash equivalents | 78C | 4.55'1 |\n|  | Other bank | balances | 3.684 | 43 |\n|  | Loans |  | 432 | 32'1 |\n|  | Other finan | cial assets | 17.312 | 19.801 |\n|  | Other current | assets | 38. I 03 | 26.565 |\n| II To | tal current a | ssets | 232-522 | 177.624 |\n| To | tal assets (I+ | ID | .t 1.256\"202 | -t 02.848 |\n| B EQ | UITY AND | LIABILITIES |  |  |\n| Eq | uify |  |  |  |\n|  | Equity share | capital | 1.572 | 1.572 |\n|  | Other equity |  | 938,895 | 838.248 |\n| I To | tal equitv |  | 940.467 | 839-820 |\n| Lia | bilities |  |  |  |\n| No | n-current lia | bilities |  |  |\n|  | Financial liab | ilities |  |  |\n|  | Lease liabili | ties | 538 | 677 |\n|  | Provisions |  | t.260 | 1.448 |\n|  | Delerred tax | liabilities (Net) | 12.911 |  |\n|  | Other non-cu | nent liabilitres | 33.819 | 31.616 |\n| II To | tal non-curre | nt liabilities | 48-528 | 33-741 |\n| Cu | rrent liabiliti | es |  |  |\n|  | Financial liab | ilities |  |  |\n|  | Borrowings |  |  | 331 |\n|  | Lease liabil | ities | 226 | 178 |\n|  | Trade pava | bles | \\',\\|4.211 | 145.824 |\n|  | Other finan | cial liabilities | 24.434 | 19.426 |\n|  | Other current | liabilities | 4t.r76 | 39.432 |\n|  | Provisions |  | t4,423 | 12.066 |\n| III To | Current tax li tal current li | abilities (Net) abilities | 12,737 267,207 | t2.030 229.281 |\n| To To | tal liabilities tal equity an | (II+[I) d liabilities (I+II+I[) | 315.735 1.256,202 t | 263.028 -102.848 |", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Sanjeev \nGrover", "subsection": "New Delhi\nl*", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "8fc9e07c7180a3e3", "content": "[TABLE] Company: MARUTI | Year: FY2025 | Section: so\n=\n(n | Page: 4\n\n| tan | dalone Stat | ement | of Cash Flo | ws for the | year ended March 31,2025 | INR in Year ended | million |\n|---|---|---|---|---|---|---|---|\n| A. | Particulars Oneratins ac Profit before t Adiustments Finance costs | tivities: ax for: |  |  | March 31, Audite | 2025 March3l.2 d Audite r 9 t.832 3 1 t .s g9 i3 t | 024 d 110.404 10 )?.7 I _932 |\n|  | Interest incom Dividend inco Net loss on sa | e me le / disc | arding of prop | erty, plant an | d equipment | ( I .475\\ (5241 40: ( | (984) (658) 481 (901) |\n|  | Net sain on sa Fair valuation | le of inv gain on | estments in de investment in | bt mutual fu debt mutual | nds Iunds | 1.060) 143.748\\ | 136 005) (42)' |\n|  |  | bef | ore workins c | aoital |  | 40 I 78-994 | 164.450 |\n|  | Adiustments | for cha | nges in workin | g capital : |  |  |  |\n|  | - (lncrease)/de (lncrease)/de | crease crease | in loans (non-c in other fi nanc | urrent) ial assets (no | n-current) | (49) (174\\ | l (242) 2.f32 |\n|  | - (lncrease)/d - (Increase)/d | ecrease ecrease | in other non-cu in inventories | lTent assets |  | ( I 0.034) | t.642 |\n|  | - (Increase)/d | ecrease | in trade receiva | bles |  | fi9.627\\ | ( l 3.099) |\n|  | - (lncreasc)/dc | crcasc | in advancc in t in other financ | hc naturc ial asscts (cu | rrcnt) | 005) 2.701 | 1.735 |\n|  | - (Increase)/d - Increase/(de | ecrease crease) | in other curren in non-current | t assets provisions |  | ( I 1.538) (r72) | /R R95) 47',1 |\n|  | - Increase/(de - Increase/(de | crease) crease) | in other non-c in trade payabl | urrent liabiliti es | es | 2.203 28.349 | 5.76\"1 28 ilO |\n|  | - Increase/(de | crease) | in other financ | ial liabilities | (cunent) | 5.177 | {3.83 5) |\n|  | - Increase/(de - lncrcase/(dc | crease) crcasc) | in currgnt prov in other currcn | isions t liabilitics |  | 1.256 761 177,942 | t.212 7.602 147.221 |\n|  | Cash senerat - lncomc taxc Net cash from | ed from s naid ( opera | ooeratins a Net) tinq activities | ctivities |  | {37.81 8) 14r.124 | 13s 557) r s1.670 |\n| B. | Investins act | ivities: |  |  |  |  |  |\n|  | Payments for | purchas | e olproperty, | plant and equ | ipment and capital | (83,486) | (67,269) |\n|  | work in nrome Payments for develonment | ss purchas | e of intangible | assets and in | tangible assets under | (3,84s) | (2,808) |\n|  | Procccds from Paynents for Proceeds from Pavmcnts for Prvmcnts for | salc of purchas sale of nurchas nrrrchas | oroocrtv. nlan e of investmen debt mutual fu e of dcbt mutu c of rrnouotcd | t and cquipm t in equity sh nds al funds invcstmcnts | ent ares of associates ( | 326 (180) s98.444 612.000) ( (20) | 44(. (800) 619.32i 657.099',: (260',, |\n|  | Investment in lntPrest receiv Dividend rece | fixed d ed ived | enosits with ba | nk activities | /1 | (3,6s0) 1.472 s24 02-41 5) fl | 983 65t 06-828] |\n| c. | Financins ac Movement in Pavment ofdi | tivities: short te vidcnd | rm borrowings on couitv share | (Net) s |  | (331) ( 39.300) | ( t 1.827' (27.t87' |\n|  | ReDavment oi Intere(t nn lea Finance costs | lease li se liahil paid (ot | abilitles ities her than intere | sl on lease lia | bilities) | 1l98) (79\\ ( 1.578) (41.486) | /l?1' (52', 0.420' (40-5.t 9) |\n|  | Net cash from | / (used | in) financing | activities |  | (3.777\\ |  |\n|  | Net Increase/ | (Decrea | se) in cash an | d cash equi | valents | 4,557 | 4.223 334 |\n|  | Cash and cas | h eorriva | lents at the hes | innins of the | vear |  |  |\n|  | Cash and cas | h eouiv | alents at the | end of the ve | ar | 780 | 4.551 |\n|  | Cash and cas | h equiv | alents compri | ses : |  |  |  |\n|  | Cheoues on h Balance with | and banks |  |  |  | 2 778 780 | 4.557 4-551 |\n| s o | Other bank Deoosits Unclaimed di | balance vidcnd | s: accounts |  |  | 3.65C 74 3.684 | 43 43 |", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "so\n=\n(n", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ff358c17082b2075", "content": "[TABLE] Company: MARUTI | Year: FY2025 | Section: o\ns do\na)\ng\n;\no | Page: 5\n\n| Not | es to Statemen | t | of Stand | alone Unau | dited | / Audited | Financial R | esults fo | r the qua | rter and ye | ar end | ed March |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| 31, | 2025: |  |  |  |  |  |  |  |  |  |  |  |\n| I | The above financi | al | results hav | e been prepa | red in | accordance w | ith the recog | nition and | measureme | nt principles l | aid dow | n in Ind AS |\n|  | prescribed under S | e | ction 133 o | fthe Compan | ies Ac | t, 2013, and t | he other accou | nting princ | iples gener | ally accepted i | n India. |  |\n| 2 | The above financi | al | results wer | e reviewed b | y the | Audit Commi | ttee and appro | ved by th | e Board of | Directors in th | eir me | eting held on |\n|  | April 25, 2025.Th | e | audit of fin | ancial results | for t | he year ended | March 31,20 | 25 and lim | ited review | of financial re | sults fo | r the quarter |\n|  | ended March 31, | 20 | 25, as req | uired under | Regul | ation 33 of S | EBI (Listing | Obligations | and Disclo | sure Require | ments) | Regulations, |\n|  | 2015, has been co | mp | leted by th | e Statutory A | uditor | s and they hav | e issued an u | nmodified | report on th | e aforesaid res | ults. |  |\n| 3 | The Company is | pr | imarily in | the business | of m | anufacturing, | purchase an | d sale of | motor vehic | les, compone | nts an | d spare parts |\n|  | (\"Automobiles\"). | Th | e other a | ctivities of t | he Co | mpany comp | rise facilitatio | n of pre- | owned car | sales, fleet m | anagem | ent and car |\n|  | financing. The inc | om | e from th | ese activities | is not | material in fi | nancial terms | but such a | ctivities con | tribute signifi | cantly i | n generating |\n|  | demand for the pro | du | cts of the | Company. Ac | cordi | ngly there are | no reportable | segments. |  |  |  |  |\n| 4 | The Company inv | es | ts its surpl | us funds into | debt | mutual funds | . In complian | ce with In | d AS - 12 | Income taxe | s, the C | ompany had |\n|  | recorded deferred | ta | x liabilitie | s as per app | licabl | e law (taking | cognisance o | f the inde | xation ben | efit) on fair v | alue ga | ins on these |\n|  | investments. The | Fin | ar,ce (No. | 2) Act, 2024 | withd | rew the index | ation benefit | on long-te | rm capital g | ains on debt | mutual | funds which |\n|  | were purchased pr | ior | to April 1 | , 2023 and th | e tax | rate applicable | on the said | mutual fund | s was chan | ged from 20oh | plus s | urcharge and |\n|  | cess (with indexati | on | ) to 12.5o/o | plus surchal | ge and | cess (without | indexation). |  |  |  |  |  |\n|  | Deferred tax liabil | itie | s have be | en remeasure | d at th | e prescribed r | ate on accoun | t of withdr | awal of the | indexation b | enefit a | nd change in |\n|  | the tax rate, whic | h h | as resulte | d in increase | in def | erred tax liab | ilities and cor | responding | defened ta | x expense by | INR 8, | 376 million, |\n|  | which had been le | co | gnised dur | ing the quarl | er end | ed September | 30, 2024 and | year ende | d March 31 | , 2025.The a | ctual pa | yment of tax |\n|  | would be made at | th | e time of le | demption of | this a | sset class. The | cash outflow | towards ta | x could be | different at the | time o | f redemption |\n|  | depending on the | act | ual gain an | d prevailing t | ax reg | ulations. |  |  |  |  |  |  |\n| 5 | The Board of Dire | ct | ors at its m | eeting held o | n Jan | uary 29, 2025 | had approved | the Sche | me of Amalg | amation (\"Sc | heme\") | between the |\n|  | Company, Suzuki | M | otor Gujar | at Private Li | mited | (a wholly own | ed subsidiary | of the Co | mpany) and | their respecti | ve shar | eholders and |\n|  | creditors as per t | he | applicabl | e provisions | of the | Cornpanies | Act, 2013 (\" | Act\") and | rules frame | d thereunde | r. The | First Motion |\n|  | application of the | Sc | heme was | filed on Mar | ch 7,2 | 025 with the | National Com | pany Law | Tribunal, N | ew Delhi. Th | e Sche | me is subject |\n|  | to the applicable s | tat | utory/ regu | latory approv | als as | on the date of | these results. |  |  |  |  |  |\n| 6 | The Board of Dire | cto | rs at their | meeting cons | idered | and recomme | nded a final d | ividend ag | gregating IN | R 42,444 mi | llion i.e | . INR 135 |\n|  | per share (Nomina | l v | alue INR | 5 per share) ( | Previo | us Year INR | 39,300 rnillion | i.e. INR 1 | 25 per share | ) for the finan | cial ye | ar 2024-25 |\n|  | which is subject to | th | e approval | of the memb | ers at | the ensuing A | nnual Genera | l Meeting. |  |  |  |  |\n| 7 | The figures for the | c | urrent quar | ter ended Ma | rch 31 | ,2025 and qu | arter ended M | arch 3l , 20 | 24 are the | balancing figu | res betw | een the |\n|  | audited figures for | th | e year end | ed March 31, | 2025 | and March 31 | ,2024, respec | tively and | published fi | gures up to ni | ne mon | ths ended |\n|  | December 31,202 | 4 | and Decem | ber 31,2023, | respe | ctively which | were subjecte | d to limite | d review. |  |  |  |\n| 8 | The figures ofprev | io | us periods | have been re | groupe | d / reclassifie | d wherever re | quired to c | onform to t | he current per | iod's pr | esentation. |\n|  |  |  |  |  |  |  |  | F | or and on | behalfofthe | Board | ofDirectors |\n|  |  |  |  | in oek s d |  |  |  |  |  | r-\\ |  |  |", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "o\ns do\na)\ng\n;\no", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "f5b991d856a7ce1e", "content": "[TABLE] Company: MARUTI | Year: FY2025 | Section: o\ns do\na)\ng\n;\no > t:\n) s\nl, | Page: 6\n\n|  |  |  |  |  | E-mail | CtN : L3-lt03D : invcstorg;mrru1 | Ll98lPLCol l i.co.in : Phon | l75 : website:ww.maru c: + 9l-l 1116781000 i Fa | tisuzuki.coh : x: +91-],l-46150275/76 |  |  |  |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| Statc | ment of Consolidrtc | d Unauditcd / Au | ditc | d Finarcial | Rcsults | for thc qurrtcr | tnd ycar cndc | d March 3 l' 2025 |  |  |  |  |\n|  |  |  |  |  |  |  |  |  |  | I M{rch 31 | NR , 2025 March 31 | ,2024 |\n|  |  |  |  |  |  |  | March 31, | 2025 Dcccmber 31 | , 2024 March 31, | 2024 |  |  |\n|  |  | Parti | cule | rs |  |  |  |  | tinaudite | d Audit | ed Audir | ed |\n|  | Sale of products Oihcr oncraiins rcvc | nrcs |  |  |  |  | Unaudit | ed Unaudite 388.419 )o 7R) | d 15R 05l t9 592 | 366.942 t 7.7 70 | r.4s 1.099 78.03 I | 1.349.2t',1 69.365 I 4tt (a2 |\n| I II rrr | Tdral R.venno from nrDenses Cost of matcrials con Purchases of s(ock-in Changes in inventorie trade Fmnlovcc hcncfi ls cx | oncrations sumcd -1rade s offinished goo ncnsc | ds, | work-in-progr | ess an | d stock-in- |  | d0s 20t tq_l l2 424-717 233.333 6r.636 (5,773) 18008 176 | 1A7 -641 to-571 398-220 219.64'l 41 nR6 6.330 1',7.466 463 | 344.712 I t-836 396.548 108 5gR 58 J87 4.042 I 5.709 162 | 1.529.130 50.222 I 57q 15t 87:i I lt3 214-000 (t2,275) 1tJ.260 1 94) | do q15 I 4{O {t7 71{9.153 2t2.042 (3,786) I Si5 |\n| IV vt vtI | Deoreciation and am Othcr cxDcnscs Vchiclcs / dics for or Tolal cxDcnscs shrre nf nrnlit of ts Shrre nfnrolit of io Profit bcforc tar {lll | ortisation exoense vn usc sociates int ventures -lV+V+\\{) | s |  |  |  |  | l4-6t 8 54.1 I I (554) 375.Ess 629 90 49.177 | Il )an 46.701 (7s2) 15t -611 614 57 41 260 | I 2,983 46R]5 ll 150' 346-246 691 R1 5t-076 | 56 0R2 I86 l4li (3.'749\\ 1385.591 ) 15) 7147 t96-200 | 52 558 I 7s.50 I (2.607) 1.2ri7.8t3 ) )61 218 174.245 |\n|  | Cuncnt tax rlncludin (refcr | a Minimum Altc | mat | c Tax) |  |  |  | ri-709 | 10. I 93 (202) | 10.630 9)1 | 3t R?g t7 169 | 16 611 2.710 |\n| vtlt | Dcfc[cd tax n Totrl trx erpcnsc | olc 4) |  |  |  |  |  | 1.357 I0,066 | 9,991 | I 1.553 | 51,198 | 39.363 |\n| IX | Profir fnr the ncriod | aVIf-VIlfl |  |  |  |  |  | 39-l I I | 37 -269 | 39.523 | l4q oo2 | t 1,t-832 |\n|  | Other comDrchensiv (i) ttcm that will no aa) Rc-mcasurcm (b) Fair value c | e income : l bc rcclassificd t cnts ofthc dcfin hanges on llqui!y | o pr cd Ins | ofit or loss bcncfit olans lrumenls |  |  |  | I41j (+,5821 | (6f2\\ (939) | (78) (69r) | (861r) I,363 | t 491', 1 ItO |\n| x | throuqh othc (c) gain / (loss) assooiatcs a (ii) Income hx relati Totsl other comor€he | r comFrchcnsivc on sharc olothcr nd ioint vcnlurcs ng to items that w nsive incore fo | inc co ill n r th | omc mprch{nsivc ot be reclass e Deriod (i+ | incomc ilied to ii) | in protit or loss |  | (ll 14 61nl 674 {3.956) | (8) {l -579) 293 d 2a6l | 1 (762\\ 76 f68ril | ( l0) 485 I 148) 317 | ll 2-943 (271, 2-669 |\n|  | Profit fnr thc deriod Owncrs ofthc Co Non controlling other comoreh€nsive Orvncrs ofthc Co | rttributsblc to mDanv intcrcst income for the mDany | : De | riod attributs | ble to | : |  | 39.t I I 39.1 r I (3.956) | 3'7.269 37,269 { 1.286) | 1g s?1 3g-521 1686) | I 45 002 t45-002 33'7 | t14.882 t34.rr2 2-669 |\n| xil XII] | Non conlroliing Tntal .nmnr.h.n.iv. owncrs ofthc Co Non controllina Paid-uD couitv sharc t'acc valuc ofthc sha Other llquity | intcrcs! incomr for the moanv intcicst capital rc (lNR) | ocr | iod aitribut{ | blc to |  |  | a1 q{6) 35 t55 35-155 5 | 1l -2f6r 35-983 35.983 1.572 5 | (686r 38.837 lf fl17 1 512 5 | 337 145 11S rd5-11S 1.572 5 960,827 | 2.669 I 17 551 137.551 t.5't2 5 85r.788 |", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "o\ns do\na)\ng\n;\no", "subsection": "t:\n) s\nl,", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "01bc57810f7f8a05", "content": "[TABLE] Company: MARUTI | Year: FY2025 | Section: o\ns do\na)\ng\n;\no > (p\n=\no\nC,) | Page: 7\n\n| Int Cu | Inranrible as Finahcial ass lnvcstmcnts Loans Other finan D.f.r.d irt Orher n6n-crr rl non-corre rrent !ssets Invcnbrics Financial ass Trade recei | sers under develoDment cts cial asscts assers lNet) rrenl assets nl e3sets cts vahles | s79,218 I 3,003 4,969 6 28,102 1,024,476 69,132 83,376 65,397 t,845 | 533,838 I 2.981 5.838 461 28.049 927,17n 53,1 8 I 39,t22 45,96E 26,595 |\n|---|---|---|---|---|\n|  | cash and c Other bank oth.r finrn Othcr cr'rent | ash couivalents balances cirl r..eis assets | 3,6t4 432 33.489 37.684 203 | t,679 327 34,1 n6 25,077 203 |\n| A.. | pr. .lqecifi.i | r( hrld hr <,1. | 29s.242 | 226334 |\n| TI Tn | irl .trrrent , | srets | l,3l9,7lE | 1,t53,50t |\n| To B F,O Eq | trl rrceb (I+ UTTY AND uitv Fd',itu <hf. | ll) LIABILITIES {:rnitrl | 1,572 | 1,572 |\n| To | tel eouitv |  | 960.827 962,399 | E54,7ltti 8s6,360 |\n| I.i. | hili.tu. Financial lia Lcasc liabil ()rh.r ff n\"r. | bilities ities i.l lirh;liri.. | 586 5 I,260 | 677 1.448 |\n| tl Io Cu | Dcfered bx other non-cu trl noFcurre rrant lirhiliti Financial lia Lease liabi Trnlc nau | liahilitics fNct) nent Iiabilities nt lirbilities cr bilities lities bles | t5,944 33,Et 9 5r,6r4 244 205,015 29,546 | 1,888 31.617 37,630 331 178 169,81t4 22.237 |\n| tIt rrr ro | 0rher clrent Cuncnr bx l rl li ^n'hnt hl eouitu an | liahilities iabilities (Nct) rhiliti.< d liabilities (IrII+III) | 42,417 15,646 12,731 305,705 357,319 l3t 9,71t | 4t,'t39 t3,l I9 r2,030 259,5r8 297,t48 r,r53,508 |", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "o\ns do\na)\ng\n;\no", "subsection": "(p\n=\no\nC,)", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "277a93d3623da63e", "content": "[TABLE] Company: MARUTI | Year: FY2025 | Section: tl)\n(il\n\"\".F)nts | Page: 8\n\n|  | Dmrrtine ,ctivitics: ih.r. ^fnr^fir ^finint ah\"h ^fniwnl.nd lr^n n.nrrinri^n .nd,m'rrri. | Parlic v.nnrr,\\ nrinl v.ntrr.r rri^n .rn.nc | ulari ,r{n.ial.{ A | Audi | t€d Audi t96 200 -ll: 56.082 t.942 14 129 | ted 174-245 5t.558 r.916 G.9581 |\n|---|---|---|---|---|---|---|\n|  | \\cr losc on \\xlc dbca { c.in nn s.le ofinv Fair valuation sain on Unrcaliscd forcisn cxch On.retine nrofft h.fo /ln.n.avt/i.rrrn.. i (lncrcasc)/dccrcasc i (lncrcasc)/dccrcasc i /ln.r.'\\.i/dc.rcasc i (Increasey'decrease r (lncruasc' dccrcasc i (ln€rcasc)/dccrcasc i - rln.r.^(.\\/d.r:r.,\\c i - ln.r.a(c//na r.,c.\\ i lncrcasc4dmrcasc) r ln.rea\\e/id&rease) i i L,.rc'sdldLrrca\\c) i hr..e,s.7/d&rease) i Cssh sen€ratd from | rJin! ul DroD e\\htrG in de invsmmt in anec (qain)/ rc worHn! c r l9n\\ ln.n-d n oftq fmanc n olhcr non-c n invcnlons n rade rec(rva n rdvrncc in l n othcr linanc n othcr.urcnt n n^n-.,,il1lnl n orhcr fi ndnci n trade navab n orhcr ljnanc n currcnt Drov n other currs oD€ratine | U'n. olant an bt miltual fun d.bt rnulual loss lDital chansc rr.ni\\ ial asscb (no urcnl asscts hles hc nalurc ol ial asscls lcu asscts nr6!i(inrs al liabiliLirs liabiliti ls ral liabilitics Nions l liabilili6 | J cuurDmsr ds funds s n-curml) loans (currcnt) rrenl) (non-currlnl) cs (currcnl) | (9. 67: ( 1.297' (41.992' 35 201 215 t12 il0 { t9.692 R?4 I l7: 2 101 r 353 lx7 199-4-10 | (61 l I ono (q5l 185-765 ( 5lll' :.]41 r8.241' 5 767 rt 2t4 r1 845 I llt 8 074 203.982 |\n| B. | hrconre taxs Daid (N il.A.h from odcmtin Inv6tine r.ii!ities: Paymsts for purchasu Pafcnts lbr purchasc )r....d. Fom salc dfn P.vments for Durchase )r,xFeds lrom {rlc di ),vm.nrc hr nxrchrsc ,vnnnR fbr n,rch'(c nv.{hdil in fixd de )rn.Rlc ri.m fix.rl d | et) o..tititicr ofpropsty, olinkngiblD ronenv nlan ofinveslnr€Dt deht mulual lu ol dcbt mulr ofunouold msits with ba cnorns uiLh b | planl and cqu ass€ls and in t and edur.m i] duiw sh nds al lilnds invcstmmls nk ank | lplncnt and caniltl { langiblc asscls undcr enl ares ofassocrates r | (38.068) 16l \"15'? 102.503r 71R ROI l a | t15,97 l' t6t ol I (89. I 6l ll 8l? 1800 g 590 1 11) t t8-64t' |\n|  | {.'.h fr6n /rtr.ed D1ffinr ^f ditid.nd n .n,vmml dl' lssc lir | in) inv€stins n.rnrir! sh,.c\\ hililics | acdviliB |  | (13t) (19.100) rl9) |  |\n|  | F,nancr co\\t\\ .ard rot \\.r.r.h rrnm / /trr.d Crrh ,rd ssh eouivd Cash and cash couiva r',.h rnd .r.h eodvrl a'^(h .hm,,a on h | hs than rnter in) finlncinp ents ,t the lcnls at €nb comoris and | st on lo\"e lt lctivilicf cs: | abtlitiesr | (24.75U 26.595 -------- l.t4s f | /l 410 at.67i' *747 J.81 ,6515 1 |\n|  | ^n'i Oih.? hr.& hrl!n.d: t In.liimal drvid.nd rc | coht\\ |  |  | r R4t rM5 | 26_595 |\n| tl) |  |  |  |  | f,.6E4 |  |", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "tl)\n(il\n\"\".F)nts", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "dfc84c341292bd04", "content": "[TABLE] Company: MARUTI | Year: FY2025 | Section: tl)\n(il\n\"\".F)nts > Finance (No.2) Act, 2024 withdrew the indexation benefit on long-term capital gains on debt mutual funds which were purchased prior to\nApril l, 2023 and the tax rate applicabte on the said mutual funds was changed from2oo/o plus surcharge and cess (with indexation) to | Page: 9\n\n| I | The above financial results have been prepared in accordance with the recognition and measurement p prescribed under Section 1 33 of the Companies Act, 20 I 3, and the other accounting principles generally acce | rinciples laid down in Ind AS pted in India. |\n|---|---|---|\n| 2 | The above financial results were reviewed by the Audit Committee and approved by the Board of Directors | in their meeting held on April |\n|  | 25,2025. The audit of financial results for the year ended March 31,2025 and limited review of financi | al results for the quarter ended |\n|  | March 31, 2025, as required under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirement | s) Regulations, 2015, has been |\n|  | completed by the Statutory Auditors and they have issued an unmodified report on the aforesaid results. |  |\n| 3 | The Consolidated financial results include the results of the Company, 3 subsidiaries, l4 associates and | 3 joint ventures. The Company |\n|  | together with its subsidiaries is herein referred to as the Group. The Group is primarily in the business of m | anufacturing, purchase and sale |\n|  | of motor vehicles, components and spare parts (\"Automobiles\"). The other activities of the Group compris | e facilitation of pre-owned car |\n|  | sales, fleet management and car financing. The income from these activities is not material in financial term | s but such activities contribute |\n|  | significantly in generating demand for the products ofthe Group. Accordingly there are no reportable segment | s. |\n| 4 | The Company invests its surplus funds into debt muhral funds. In compliance with tnd AS - 12 Income tax | es, the Company had recorded |\n|  | deferred tax liabilities as per applicable law (taking cognisance of the indexation benefit) on fair value g | ains on these investments. The |\n|  | Finance (No.2) Act, 2024 withdrew the indexation benefit on long-term capital gains on debt mutual funds | which were purchased prior to |\n|  | April l, 2023 and the tax rate applicabte on the said mutual funds was changed from2oo/o plus surcharge | and cess (with indexation) to |\n|  | 12.5% plus surcharge and cess (without indexation). |  |\n|  | Deferred tax liabilities have been remeasured at the prescribed rate on account of withdrawal of the indexatio | n benefit and change in the tax |\n|  | rate, whicb has resulted in increase in deferred tax liabilities and corresponding deferred tax expense by INR | 8,376 million, which had been |\n|  | recognised during the quarter ended September 30,2024 and year ended March 31,2025. The actual payme | nt oftax would be made at the |\n|  | time of redemption of this asset class. The cash outflow towards tax could be different at the time of rede | mption depending on the actual |\n|  | gain and prevailing tax regulations. |  |\n| 5 | The Board of Directors at its meeting held on January 29, 2025 had approved the Scheme of Amalgam | ation (\"Scheme\") between the |\n|  | Company, Suzuki Motor Gujarat Private Limited (a wholly owned subsidiary of the Company) and the | ir respective shareholders and TheFirstMotionapplicationof |\n|  | creditorsaspertheapplicableprovisionsoftheCompaniesAct,20l3(\"Act\")andrulesframedthereunder. the Scheme was filed on March 7, 2025 with the National Company Law Tribunal, New Delhi. The Sche | me is subject to the applicable |\n|  | statutory/ regulatory approvals as on the date ofthese results. |  |\n| 6 | The Board of Directors at their meeting considered and recommended a final dividend aggregating INR 4 | 2,444 million i.e. INR 135 per |\n|  | share (Nominal value INR 5 per share) (Previous Year INR 39,300 million i.e. INR 125 per share) for the f | inancial year 2024-25 which is |\n|  | subject to the approval of the members at the ensuing Annual General Meeting. |  |\n| 7 | The figures for the current quarter ended March 3l, 2025 and quarter ended March 31, 2024 are the balanc | ing figures between the audited |\n|  | figures for the year ended March 31,2025 and March 31,2024, respectively and published figures up to ni | ne months ended December 31, |\n|  | 2024 and December 31,2023, respectively which were subjected to limited review. |  |\n| 8 | The figures ofprevious periods have been regrouped/reclassified wherever required to conform to the current | period's presentation. |\n|  | For and on be | half of the Directors |\n| lace | : New Delhi |  |\n| ate | : April 25,2025 | CEO |", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 9, "section": "tl)\n(il\n\"\".F)nts", "subsection": "Finance (No.2) Act, 2024 withdrew the indexation benefit on long-term capital gains on debt mutual funds which were purchased prior to\nApril l, 2023 and the tax rate applicabte on the said mutual funds was changed from2oo/o plus surcharge and cess (with indexation) to", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "9c01c8f570dfa549", "content": "[TABLE] Company: MARUTI | Year: FY2025 | Section: We conducted our audit in accordance with the Standards on Auditing (\"SA\"s) specified\nr Section 143(10) of the Companies Act, 2013 (the \"Act\"). Our responsibilities under\nndards are further described in paragraph (a) of Auditor's Responsibilities\nbelow. We are independent of the Company in accordance with the Code of | Page: 10\n\n|  |  |  |  |  |  |  | Annexure |\n|---|---|---|---|---|---|---|---|\n| loitte skins & |  | LLP |  |  |  |  | Chartered Accountan 7th Floor Building 10 Tower B DLF Cyber City Complex |\n| S | ells |  |  |  |  |  | DLF City Phase ll Gurugram-\\22 0O2 Haryana, lndia reli+91 1246792000 |\n|  |  |  |  |  |  |  | Faxl. +91 124 679 2012 |\n| INDEPENDENT A | UDIT | OR'S REPORT | 9N A | UDIT OF A | NNUA | L\"STANDAL | ONE |\n| FINANCIAL RES | ULTS | AND REVIEW | OF Q | UARTERLY | FINA | NCIAL RES | ULTS |\n| To The Board of | Direct | ors of |  |  |  |  |  |\n| Maruti Suzuki In | dia Li | mited |  |  |  |  |  |\n| Opinion and Con | clusio | n |  |  |  |  |  |\n| We have (a) audit | ed the | Standalone F | inanci | al Results for | the y | ear ended | March 3I,2025 |\n| and (b) reviewed t | he St | andalone Fina | ncial R | esults for the | quar | ter ended | March 37,2025 |\n| (refer'Other Matt | ers' se | ction below) | , whic | h were subje | ct to | limited revi | ew by us, both |\n| included in the ac | compa | nying \"statem | ent of | Standalone | Finan | cial Results | for the Quarter |\n| and Year Ended | March | 3L, 2025\" of | Maru | ti Suzuki In | dia. L | imited (\"t | he Compafly\"), |\n| (\"the Statement\" | ), bein | g submitted | by the | Company p | ursua | nt to the r | equirements of |\n| Regulation 33 of t | he SE | BI (Listing Obl | igation | s and Disclos | ure R | equirement | s) Regulations, |\n| 2OI5, as amended | (the \" | LODR Regula | tions\") | . |  |  |  |\n| (a) Opinion on A | nnual | Standalone | Finan | cial Results |  |  |  |\n| In our opinion | and t | o the best of | our in | formation an | d acc | ording to th | e explanations |\n| given to us, th | e Stan | dalone Finan | cial Re | sults for the | year e | nded Marc | h 3L,2025: |\n| i, are presen | ted in | accordance w | ith the | requiremen | ts of | Regulation | 33 of the SEBI |\n| (Listing O | bligat | ions and Di | sclosu | re Require | ments | ) Regulati | ons, 2075, as |\n| amended; | and |  |  |  |  |  |  |\n| ii. gives a tru | e and | fair view in | confor | mity with th | e reco | gnition an | d measurement |\n| principles l | aid do | wn in the In | dian A | ccounting S | tanda | rds and ot | her accounting |\n| principles g | enera | lly accepted i | n Indi | a of the net | profit | and other | comprehensive |\n| income and | other | financial info | rmatio | n of the Com | pany | for the year | then ended. |\n| (b) Conclusion o | n Una | udited Stan | dalone | Financial | Result | s for the | quarter ended |\n| March 3L,20 | 25 |  |  |  |  |  |  |\n| With respect t | o the | Standalone F | inanci | al Results fo | r the | quarter en | ded March 31, |\n| 2025, based | on ou | r review con | ducte | d as stated | in p | aragraph ( | b) of Auditor's |\n| Responsibilitie | s secti | on below, no | thing h | as come to | our a | ttention th | at causes us to |\n| believe that th | e Stan | dalone Finan | cial Re | sults for the | quart | er ended M | arch 37,2025, |\n| prepared in ac | cordan | ce with the re | cognit | ion and mea | surem | ent principl | es laid down in |\n| the Indian Acc | ountin | g Standards | and ot | her accounti | ng pri | nciples gen | erally accepted |\n| in India, has | not di | sclosed the i | nform | ation require | d to | be disclos | ed in terms of |\n| Regulation 3 | 3 of t | he SEBI (Li | sting | Obligations | and | Disclosure | Requirements) |\n| Regulations,2 | OT5, a | s amended, i | ncludin | g the mann | er in | which it is t | o be disclosed, |\n| or that it conta | ins an | y material mis | statem | ent. |  |  |  |\n| Basis for Opinion | t on | he Audited | Stan | dalone Fin | ancia | l Results | for the year |\n| ended March 3tt | 2025 |  |  |  |  |  |  |\n| We conducted our | audit | in accordanc | e with | the Standar | ds on | Auditing (\" | SA\"s) specified |\n| r Section 143 | (10) o | f the Compani | es Act | , 2013 (the \" | Act\"). | Our respo | nsibilities under |\n| ndards | are fu | rther describ | ed in | paragraph ( | a) of | Auditor's | Responsibilities |\n| below. W | e are | independent | of the | Company i | n acc | ordance wi | th the Code of |\n| Cent | er, Tower | 3, 31 st floor, Senapat | i Bapat M | arg, Elphinstone Roa | d (West) | , Mumbai-400 013 | , Maharashtra, India. |\n| Sells LLP is regist | ered with | Limited Liability havin | g LLP ide | ntification No: MB-8 | 737 |  |  |", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "We conducted our audit in accordance with the Standards on Auditing (\"SA\"s) specified\nr Section 143(10) of the Companies Act, 2013 (the \"Act\"). Our responsibilities under\nndards are further described in paragraph (a) of Auditor's Responsibilities\nbelow. We are independent of the Company in accordance with the Code of", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "16876320a46a18eb", "content": "[TABLE] Company: MARUTI | Year: FY2025 | Section: Our objectives are to obtain reasonable assurance about whether the Standalone\nFinancial Results for the year ended March 3I,2025 as a whole are free from\nmaterial misstatement, whether due to fraud or error, and to issue an auditor's\nreport that includes our opinion. Reasonable assurance is a high level of assurance,\nbut is not a guarantee that an audit conducted in accordance with SAs will always\ndetect a material misstatement when it exists. Misstatements can arise from fraud\nor error and are considered material if, individually or in the aggregate, they could\nreasonably be expected to influence the economic decisions of users taken on the\nbasis of this Standalone Financial Results. > part of an audit in accordance with SAs, we exercise professional judgment and\naintain professional skepticism throughout the audit. We also | Page: 11\n\n| Ethics issued by | the Institut | e of Chartered A | ccountants | of I | ndia (\"the IC | Ai\") together |\n|---|---|---|---|---|---|---|\n| with the ethical | requirements | that are releva | nt to our au | dit | of the Standal | one Financial |\n| Results for the y | ear ended M | arch 3t,2025 un | der the prov | isio | ns of the Act | and the Rules |\n| thereunder, and | we have fu | lfilled our other | ethical resp | ons | ibilities in acc | ordance with |\n| Jhese requireme | nts and^ the | ICAI's Code of | Ethjcs. We b | elie | ve that the* a | udit evidence |\n| obtained by us is | sufficient an | d appropriate to | provide a ba | sis | for our audit o | pi.nion. |\n| Management's | and Board | of Directors' Re | sponsibilitie | s f | or the State | ment |\n| This Statement | which includ | es the Standalo | ne Financial | Res | ults is the re | sponsibility of |\n| the Company's B | oard of Dire | ctors and has be | en approved | by | them for the i | ssuance. The |\n| Standalone Fina | ncial Results | for the year end | ed March 37, | 20 | 25 has been c | ompiled from |\n| the related aud | ited standal | one financial st | atements. T | his | responsibility | includes the |\n| preparation and | presentation | of the Standal | one Financi | al R | esults for the | quarter and |\n| year ended Mar | ch 3I,2025 | that give a true | and fair vie | w | of the net pro | fit and other |\n| comprehensive i | ncome and o | ther financial info | rmation in a | cco | rdance with th | e recognition |\n| and measureme | nt principles | laid down in th | e Indian Ac | cou | nting Standar | ds prescribed |\n| under Section 1 princi | 33 of the A ples general | ct read with re ly in In | levant rules dia and in co | iss mpl | ued thereund iance with Re | er and other gulation 33 of |\n| accounting the LODR Reg | ulations. Thi | accepted s responsibility | also includ | es | maintenance | of adequate |\n| accounting reco | rds in accor | dance with the | provisions of | th | e Act for safe | guarding the |\n| assets of the Co | mpany and f | or preventing an | d detecting f | rau | ds and other | irregularities; |\n| selection and a | pplication of | appropriate ac | counting pol | icie | s; making ju | dgments and |\n| estimates that | are reason | able and prude | nt; and the | de | sign, implem | entation and |\n| maintenance of | adequate int | ernal financial | controls that | we | re operating | effectively for |\n| ensuring the ac | curacy and | completeness o | f the accou | ntin | g records, rel | evant to the |\n| preparation and | presentation | of the Standalon | e Financial R | esu | lts that give a | true and fair |\n| view and is free | from materia | l misstatement, | whether due | to f | raud or error. |  |\n| In preparing the | Standalone | Financial Result | s, the Board | of | Directors is re | sponsible for |\n| assessing the | Company's | ability, to conti | nue as a g | oin | g concern, d | isclosing, as |\n| applicable, matt | ers related | to going conce | rn and usin | g th | e going con | cern basis of |\n| accounting unles | s the Board | of Directors eith | er intends t | o li | quidate the C | ompany or to |\n| cease operations | , or has no r | ealistic alternativ | e but to do s | o. |  |  |\n| The Board of Dir | ectors is als | o responsible for | overseeing | the | financial repo | rting process |\n| of the Company. |  |  |  |  |  |  |\n| Auditor's Resp | onsibilities |  |  |  |  |  |\n| (a) Audit of t | he Standal | one Financial | Results for | th | e year ende | d March 31, |\n| 202s |  |  |  |  |  |  |\n| Our objecti | ves are to o | btain reasonable | assurance | abo | ut whether th | e Standalone |\n| Financial R | esults for th | e year ended M | arch 3I,20 | 25 | as a whole | are free from |\n| material m | isstatement, | whether due to | fraud or er | ror | , and to issue | an auditor's |\n| report that | includes our | opinion. Reason | able assuran | ce i | s a high level | of assurance, |\n| but is not | a guarantee | that an audit co | nducted in ac | cor | dance with S | As will always |\n| detect a m | aterial misst | atement when it | exists. Misst | ate | ments can ari | se from fraud |\n| or error an | d are consid | ered material if, | individually | or i | n the aggregat | e, they could |\n| reasonably | be expected | to influence the | economic d | ecis | ions of users | taken on the |\n| basis of thi | s Standalone | Financial Result | s. |  |  |  |\n| part of | an audit in a | ccordance with S | As, we exer | cise | professional j | udgment and |\n| aintain p | rofessional sk | epticism through | out the aud | it. W | e also |  |", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "Our objectives are to obtain reasonable assurance about whether the Standalone\nFinancial Results for the year ended March 3I,2025 as a whole are free from\nmaterial misstatement, whether due to fraud or error, and to issue an auditor's\nreport that includes our opinion. Reasonable assurance is a high level of assurance,\nbut is not a guarantee that an audit conducted in accordance with SAs will always\ndetect a material misstatement when it exists. Misstatements can arise from fraud\nor error and are considered material if, individually or in the aggregate, they could\nreasonably be expected to influence the economic decisions of users taken on the\nbasis of this Standalone Financial Results.", "subsection": "part of an audit in accordance with SAs, we exercise professional judgment and\naintain professional skepticism throughout the audit. We also", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "15242d99a7d49315", "content": "[TABLE] Company: MARUTI | Year: FY2025 | Section: We also provide those charged with governance with a statement that we have\ncomplied with relevant ethical requirements regarding independence, and to\nmmunicate with them all relationships and other matters that may reasonably be > 0,\na)\no\n=\nCD\no | Page: 12\n\n| Deloitte |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|\n| Haskins | & | Sells LLP |  |  |  |  |\n|  | I | dentify and assess t | he risks of mate | rial misst | atement of the Ann | ual Standalone |\n|  |  | Financial Results, w | hether due to | fraud or | error, design and | perform audit |\n|  |  | procedures responsiv | e to those risks | , and obta | in audit evidence t | hat is sufficient |\n|  |  | and appropriate to | provide a basis f | or our op | inion. The risk of | not detecting a |\n|  | g | naterial misstateme | nt rgsulting from | fraud is | hig.her than for one | resultiqg from |\n|  |  | error, as fraud | may involve c | ollusion, | forgery, intentio | nal omissions, |\n|  |  | misrepresentations, | or the override o | f internal | control; |  |\n|  | a | Obtain an understa | nding of interna | l control | relevant to the au | dit in order to |\n|  | d | esign audit proced | ures that are ap | propriate | in the circumstanc | es, but not for |\n|  | t | he purpose of expr | essing an opini | on on th | e effectiveness of | the Company's |\n|  | i | nternal control. |  |  |  |  |\n|  | a | Evaluate the appropr | iateness of acco | unting po | licies used and the | reasonableness |\n|  | o | f accounting estima | tes made by the | Board of | Directors. |  |\n|  | a | the approp | riateness and r | easonable | ness of disclosure | s made by the |\n|  |  | Evaluate Board of Directors in | terms of the re | quirement | s specified under R | egulation 33 of |\n|  | t | he LODR Regulation | s, |  |  |  |\n|  | a | Conclude on the ap | propriateness o | f the Boa | rd of Directors' us | e of the going |\n|  | c | oncern basis of acc | ounting and, bas | ed on the | audit evidence obt | ained, whether |\n|  | s | a material uncertai ignificant doubt on | nty exists relat the ability of th | ed to ev e Compan | ents or conditions y to continue as a | that may cast going concern, |\n|  | I | f we conclude tha | t a material un | certainty | exists, we are re | quired to draw |\n|  | a | ttention in our audi | tor's report to th | e related | disclosures in the | Statement or, if |\n|  | s | uch disclosures ar | e inadequate, to | modify | our opinion. Our | conclusions are |\n|  |  | based on the audit | evidence obtain | ed up to | the date of our a | uditor's report. |\n|  |  | However, future ev | ents or conditio | ns may | cause the Compa | ny to cease to |\n|  | c | ontinue as a going | concern, |  |  |  |\n|  | a | Evaluate the over Standalone Financial | all presentation Results, includi | , structu ng the di | re and content sclosures, and whet | of the Annual her the Annual |\n|  |  | Standalone Financial | Results represe | nt the un | derlying transaction | s and events in |\n|  | a | manner that achiev | es fair presenta | tion. |  |  |\n|  | Ma | teriality is the magn | itude of misstat | ements i | n the Annual Stand | alone Financial |\n|  | Res | ults that, individua | lly or in aggreg | ate, mak | es it probable tha | t the economic |\n|  | dec | isions of a reasona | bly knowledgeab | le user o | f the Annual Stand | alone Financial |\n|  | Re | sults may be influe | nced. We consi | der quan | titative materiality | and qualitative |\n|  | fact | ors in (i) planning t | he scope of our | audit wo | rk and in evaluatin | g the results of |\n|  | our | work; and (ii) to | evaluate the eff | ect of an | y identified missta | tements in the |\n|  | Ann | ual Standalone Fina | ncial Results. |  |  |  |\n|  | We | communicate with | those charged | with go | vernance regarding | , among other |\n|  | ma | tters, the planned s | cope and timing | of the a | udit and significan | t audit findings |\n|  | incl | uding any significan | t deficiencies in | internal | control that we ide | ntify during our |\n|  | aud | it. |  |  |  |  |\n|  | We | also provide those | charged with g | overnanc | e with a statemen | t that we have |\n|  | com m | plied with releva municate with them | nt ethical requi all relationships | rements and oth | regarding indepen er matters that ma | dence, and to y reasonably be |\n| g\\< irts' a) Ch | 0, o | ght to bear on our | independence, a | nd where | applicable, related | safeguards |\n| o a | = CD |  |  |  |  |  |", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "We also provide those charged with governance with a statement that we have\ncomplied with relevant ethical requirements regarding independence, and to\nmmunicate with them all relationships and other matters that may reasonably be", "subsection": "0,\na)\no\n=\nCD\no", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d05a6f94f8ed70cd", "content": "[TABLE] Company: MARUTI | Year: FY2025 | Section: ( U DIN : 2509347 48M O M BI57BB)\nPlace: New Delhi\nDate: April25,2025\nr) | Page: 13\n\n| & Sells LLP |  |  |  |  |  |\n|---|---|---|---|---|---|\n| Review of the | Standalone Finan | cial Results for | the q | uarter e | nded March |\n| 3Lt 2025 |  |  |  |  |  |\n| We conducted ou 3t, | r review of the Stan in accordance with | dalone Financial Standard on | Results Review. | for the q Engagem | uarter ended ents (\"SRE\") |\n| March 1025 2410 'Review o | J f Interim Financial | he Information Pe | rformed | by the | .. Independent |\n| Auditor of the E | ntity', issued by the | ICAI. A review o | f interim | financia | l information |\n| consists of maki | ng inquiries, primari | ly of the Compa | ny's per | sonnel re | sponsible for |\n| financial and a | ccounting matters, | and applying | analytic | al and | other review |\n| procedures, A r | eview is substantial | ly less in scope | than a | n audit | conducted in |\n| accordance with | SAs specified under | section 143(10) | of the | Act and | consequently |\n| does not enabl | e us to obtain ass | urance that we | would | become | aware of all |\n| significant matte | rs that might be id | entified in an a | udit. Ac | cordingl | y, we do not |\n| express an audit | opinion. |  |  |  |  |\n| r Matters |  |  |  |  |  |\n| he Statement inc | ludes the results for | the end | ed Mar | ch 3I,20 | 25 being the |\n| balancing figure b | etween audited figur | Quarter es in respect of | the full | financial | year and the |\n| published year to | date figures up to | the third quarter | of the | current f | inancial year |\n| which were subjec | t to limited review b | y us. |  |  |  |\n| ur report on the S | tatement is not mo | dified in respect o | f this m | atter, |  |\n|  |  | For Deloitte Ha | skins & | Sells LL | P |\n|  |  | Chartered Accou | ntants |  |  |\n|  |  | (Firm's Registrat | ion No. | LL7366W | /W-100018) |\n|  |  | Alka Chadha |  |  | sk in o. f o a) Chartered |", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "( U DIN : 2509347 48M O M BI57BB)\nPlace: New Delhi\nDate: April25,2025\nr)", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "e6e9865629612106", "content": "[TABLE] Company: MARUTI | Year: FY2025 | Section: In our opinion and to the best of our information and according to the explanations\ngiven to us, and based on the consideration of the audit reports of other auditors on\nseparate financial statements / financial information of subsidiaries, associates and\njoint ventures referred to in Other Matters section below, the Consolidated Financial\nResults for the year ended March 3L, 2025:\n(i) \nincludes the financial results of the following entities > oo\n=\no) | Page: 14\n\n| skins | & Sells | LLP |  |  |  | DLF City Phase ll Gurugram-1220O2 Haryana, India |\n|---|---|---|---|---|---|---|\n|  |  |  |  |  |  | l2l'.1l,,','loullnTflf, |\n| INDEPEN | DENT AUDIT | OR'S REPORT | ON AU | DIT OF ANN | UAL CONSOL | IDATED |\n| FINANCI | AL RESULTS | AND REVIEW | OF QUA | FI RTERLY | NANCIAL RES | ULTS |\n| To The B | oard of Direc | tirrs of |  |  |  |  |\n| Maruti S | uzuki India L | imited |  |  |  |  |\n| Opinion | and Conclusio | n |  |  |  |  |\n| We have ( | a) audited the | Consolidated | Financial | Results forth | e year ended | March 3I,2025 |\n| and (b) re | viewed the Co | nsolidated Fina | ncial Res | ults for the | quarter ended | March 3t,2025 |\n| (refer 'Ot | her Matters' s | ection below), | which w | ere subject | to limited revi | ew by us, both |\n| included i | n the accompa | nying \"stateme | nt of Con | solidated Fi | nancial Results | for the Quarter |\n| and Yea | r Ended Marc | h 3L, 2025\" | of Maru | ti Suzuki I | ndia Limited | (\"the Holding |\n| Company | \") and its su | bsidiaries (the | Holding | Company | and its subsid | iaries together |\n| referred | to as \"the G | roup\"), and i | ts share | of the ne | t profit after | tax and other |\n| comprehe | nsive income | of its joint vent | ures and | associates f | or the quarter a | nd year ended |\n| March 37 | ,2025, (\"the | Statement\") be | ing subm | itted by the | Holding Comp | any pursuant to |\n| the requi | rements of R | egulation 33) | of the | SEBI (Listin | g Obligations | and Disclosure |\n| Requirem | ents) Regulati | ons, 2015, as a | mended | (the'LODR | Regulations\"). |  |\n| (a) Opini | on on Annua | l Consolidate | d Financ | ial Results |  |  |\n| In ou | r opinion and | to the best of | our infor | mation and | according to th | e explanations |\n| given | to us, and ba | sed on the con | sideration | of the aud | it reports of ot | her auditors on |\n| separ | ate financial s | tatements / fin | ancial in | formation o | f subsidiaries, | associates and |\n| joint | ventures refer | red to in Othe | r Matters | section bel | ow, the Consoli | dated Financial |\n| Resul | ts for the year | ended March | 3L, 2025: |  |  |  |\n| (i) | includes the fi | nancial results | of the fol | lowing entiti | es |  |\n|  | Holding Com | pany |  |  |  |  |\n|  | Maruti Suzuki | India Limited |  |  |  |  |\n|  | Subsidiaries |  |  |  |  |  |\n|  | Suzuki Motor | Gujarat Privat | e Limite | d, True Valu | e Solutions Li | mited, and J.J |\n|  | Impex (Delhi) | Limited. |  |  |  |  |\n|  | Associates |  |  |  |  |  |\n|  | Mark Exhau | st Systems Li | mited, B | ellsonica Au | to Componen | t India Private |\n|  | Limited, Bah | ucharaji Rail C | orporatio | n Limited, | FMI Automotiv | e Components |\n|  | Private Limite | d, Maruti Suzuk | i Insuran | ce Broking | Private Limited, | Hanon Climate |\n|  | Systems India | Private Limite | d, SKH | Metals Limite Limited, | d, Jay Bharat Bharat Seats L | Maruti Limited, imited, Krishna |\n| ns o o | Caparo Marut Marutl Limite Thermostat (I | i Limited, Mach d, Manesar St ndia) Limited. | ino Plasti eel Proc | cs essing India | Private Limit | ed and Nippon |\n| = o) a |  |  |  |  |  |  |\n| ffice: One lnter | national Center, Towe | r 3, 31st floor, Senapati | Bapat Marg, E | lphinstone Road ( | West), Mumbai-400 013, | Maharashtra, lndia. |\n| Haskins & Sells | LLP is registered with | Limited Liability having | LLP identific | ation No: AAB-8737 |  |  |", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "In our opinion and to the best of our information and according to the explanations\ngiven to us, and based on the consideration of the audit reports of other auditors on\nseparate financial statements / financial information of subsidiaries, associates and\njoint ventures referred to in Other Matters section below, the Consolidated Financial\nResults for the year ended March 3L, 2025:\n(i) \nincludes the financial results of the following entities", "subsection": "oo\n=\no)", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "fb6d07bc24d2ff46", "content": "[TABLE] Company: MARUTI | Year: FY2025 | Section: This Statement, which includes the Consolidated Financial Results is the responsibility of\nthe Holding Company's Board of Directors and has been approved by them for the\nissuance. The Consolidated Financial Results for the year ended March 3I,2025, has been\ncompiled from the related audited consolidated financial statements. This responsibility\nudes the preparation and presentation of the Consolidated Financial Results for the\nand year ended March 37,2025 that give a true and fair view of the consolidated | Page: 15\n\n| Marelli | Powe | rtrai | n India Priva | te Limite | d, Maruti Suzuki | Toyotsu | India Private |\n|---|---|---|---|---|---|---|---|\n| Limited | and | Plast | ic Omnium A | uto Inerg | y Manufacturing I | ndia Priv | ate Limited. |\n| (ii) are pre | sente | d in | accordance w | ith the re | quirements of Re | gulation 3 | 3 of the SEBI |\n| (Listin | g Obl | igat | ions and Di | sclosure | Requirements) | Regulatio | ns, 2015, as |\n| amend | ed; an | d |  |  |  |  |  |\n| (iii) gives a | true | and | fair view in c | onformity | with the recogn | ition and | measurement |\n| princip | les lai | d do | wn in the In | dian Acco | unting Standard | s and oth | er accounting |\n| princip | les g | ener | ally accepte | d in Indi | a of the conso | lidated n | et profit and |\n| consoli | dated | othe | r comprehen | sive inco | me and other fina | ncial infor | mation of the |\n| Group | for the | ye | ar ended Mar | ch 31, 20 | 25. |  |  |\n| (b) Conclusion | on Un | aud | ited Consoli | dated Fi | nancial Results | for the q | uarter ended |\n| March 3Lt | 2025 |  |  |  |  |  |  |\n| With respec | t to th | e C | onsolidated F | inancial R | esults for the qu | arter end | ed March 31, |\n| 2025, base | d on | our | review cond | ucted an | d procedures p | erformed | as stated in |\n| paragraph | (b) o | f A | uditor's Res | ponsibiliti | es section belo | w and b | ased on the |\n| consideration | of th | e re | view reports | of the ot | her auditors refer | red to in | Other Matters |\n| section belo | w, not | hing | has come to | our atte | ntion that causes | us to be | lieve that the |\n| Consolidate | d Fina | ncial | Results for | the quart | er ended March | 3L,2025 | , prepared in |\n| accordance | with th | e re | cognition an | d measur | ement principles | laid down | in the Indian |\n| Accounting S | tanda | rds | and other acc | ounting p | rinciples generall | y accepte | d in India, has |\n| not disclosed | the i | nfor | mation require | d to be d | isclosed in terms | of Regul | ation 33 of the |\n| SEBI (Listi | ng Ob | liga | tions and Di | sclosure | Requirements) | Regulatio | ns, 2OL5, as |\n| amended, in | cludin | g th | e manner in | which it i | s to be disclosed, | or that it | contains any |\n| material mis | statem | ent. |  |  |  |  |  |\n| Basis for Opin | ion o | n th | e Audited | Consolid | ated Financial | Results | for the year |\n| 3 ended March | \\ 2fJ | 25 |  |  |  |  |  |\n| We conducted o | ur aud | it in | accordance | with the | Standards on Au | diting (\"S | A\"s) specified |\n| under Section 14 | 3(10) | of t | he Companies | Act, 201 | 3 (the \"Act\"). O | ur respons | ibilities under |\n| those Standards | are fu | rther | described in | paragrap | h (a) of Auditor's | Responsi | bilities section |\n| below. We are in | depen | den | t of the Grou | p, its ass | joint ociates and | ventures | in accordance |\n| with the Code o | f Ethic | s is | sued by the I | nstitute | of Chartered Acc | ountants | of India (\"the |\n| ICAI\") together | with | the | ethical requ | irements | that are releva | nt to our | audit of the |\n| Consolidated Fin | ancial | Res | ults for the ye | ar ended | March 3L,2025 | under the | provisions of |\n| the Act and the | Rules t | here | under, and w | e have fu | lfilled our other e | thical res | ponsibilities in |\n| accordance with | these | req | uirements an | d the IC | AI's Code of Ethi | cs. We be | lieve that the |\n| audit evidence o | btaine | d by | us and the a | udit evide | nce obtained by | other aud | itors in terms |\n| of their reports r | eferre | d to | in Other Matt | ers sectio | n below, is suffic | ient and | appropriate to |\n| provide a basis f | or our | aud | it opinion. |  |  |  |  |\n| Management's | and B | oar | d of Directo | rs' Resp | onsibilities for t | he State | ment |\n| This Statement, | which | incl | udes the Con | solidated | Financial Results | is the re | sponsibility of |\n| the Holding Co | mpany | 's B | oard of Dire | ctors an | d has been appr | oved by | them for the |\n| issuance. The Co | nsolid | ated | Financial Re | sults for t | he year ended Ma | rch 3I,20 | 25, has been |\n| compiled from t | he rel | ated | audited con | solidated | financial stateme | nts. This | responsibility |\n| udes the pre | parati | on a | nd presentat | ion of th | e Consolidated F | inancial R | esults for the |\n| and year | ende | d M | arch 37,2025 | that give | a true and fair v | iew of the | consolidated |", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "This Statement, which includes the Consolidated Financial Results is the responsibility of\nthe Holding Company's Board of Directors and has been approved by them for the\nissuance. The Consolidated Financial Results for the year ended March 3I,2025, has been\ncompiled from the related audited consolidated financial statements. This responsibility\nudes the preparation and presentation of the Consolidated Financial Results for the\nand year ended March 37,2025 that give a true and fair view of the consolidated", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "f4445c63c0fe5791", "content": "[TABLE] Company: MARUTI | Year: FY2025 | Section: Identify and assess the risks of material misstatement of the Annual\nConsolidated Financial Results, whether due to fraud or error/ design and\nperform audit procedures responsive to those risks, and obtain audit evidence\nthat is sufficient and appropriate to provide a basis for our opinion. The risk of\nnot detecting a material misstatement resulting from fraud is higher than for one\nf | Page: 16\n\n| net profit and consolid | ated other com | prehensive incom | e and other fi | nancial in | formation of |\n|---|---|---|---|---|---|\n| the Group including i | ts associates a | nd joint ventures | in accordanc | e with th | e recognition |\n| and measurement pr | inciples laid d | own in the Indian | Accounting | Standard | s, prescribed |\n| under Section 133 o | f the Act, rea | d with relevant r | ules issued t | hereund | er and other |\n| accounting pr:inciples | generally acce | pted in India and i | n compliance | with Reg | ulation 33\"of |\n| the LODR Regulations | . |  |  |  |  |\n| The respective Boar | d of Directors | of the companies | included in | the Grou | p and of its |\n| associates and joint | ventures are r | esponsible for ma | intenance of | adequat | e accounting |\n| records in accordanc | e with the pro | visions of the Act | for safeguard | ing the | assets of the |\n| Group and its associ | ates and joint v | entures and for p | reventing and | detectin poli | g frauds and cies; |\n| other irregularities; s judgments and es | election and a that timates | pplication of appro are reasonable | priate accou and prude | nting nt; and | making the design, |\n| implementation and | maintenance | of adequate inte | rnal financia | l control | s, that were |\n| operating effectively | for ensuring | the accuracy and | completene | ss of th | e accounting |\n| records, relevant to t | he preparation | and presentation | of the respe | ctive fina | ncial results |\n| that give a true and | fair view and a | re free from mat | erial misstate | ment, wh | ether due to |\n| fraud or error, which | have been use | d for the purpose | of preparatio | n of this | Consolidated |\n| Financial Results by t | he Directors of | the Holding Comp | any, as afore | said. |  |\n| In preparing the Con | solidated Finan | cial Results, the r | espective Bo | ard of Dir | ectors of the |\n| companies included i | n the Group an | d of its associates | and joint ve | ntures ar | e responsible |\n| for assessing the a | bility of the re | spective entities | to continue | as a go | ing concern, |\n| disclosing, as applica | ble, matters re | lated to going co | ncern and us | ing the g | oing concern |\n| basis of accounting un | less the respec | tive Board of Direc | tors either int | ends to li | quidate their |\n| respective entities or | to cease opera | tions, or has no re | alistic alterna | tive but t | o do so. |\n| The respective Boar | d of Directors | of the companies | included in | the Grou | p and of its |\n| associates and Joint v | entures are res | ponsible for overse | eing the finan | cial repo | rting process |\n| of the Group and of it | s associates an | d joint ventures. |  |  |  |\n| Auditor's Responsi | bilities |  |  |  |  |\n| (a) Audit of the C | onsolidated | Financial Results | for the ye | ar ended | March 31, |\n| 2()25 |  |  |  |  |  |\n| Our objectives | are to obtain r | easonable assuran | ce about whe | ther the | Consolidated |\n| Financial Results | for.the year e | nded March 3I,202 | 5 as a whole | are free f | rom material |\n| misstatement, | whether due to | fraud or error, an | d to issue a | n auditor' | s report that |\n| includes our opi | nion, Reasonab | le assurance is a | high level of a | ssurance | , but is not a |\n| guarantee that | an audit cond | ucted in accorda | nce with SAs | will alw | ays detect a |\n| material missta | tement when i | t exists. Misstatem | ents can aris | e from fr | aud or error |\n| and are consider | ed material if, | individually or in th | e aggregate, | they coul | d reasonably |\n| be expected to | influence the e | conomic decisions | of users take | n on the | basis of this |\n| Consolidated Fi | nancial Results, |  |  |  |  |\n| As part of an a | udit in accordan | ce with SAs, we e | xercise profe | ssional ju | dgment and |\n| maintain profes | sional skepticis | m throughout the | audit. We als | o: |  |\n| Identify a | nd assess th | e risks of mate | rial misstate | of ment | the Annual |\n| Consolidate | d Financial R | esults, whether d | ue to fraud | or error | / design and |\n| perform au | dit procedures | responsive to tho | se risks, and | obtain a | udit evidence |\n| that is suffi | cient and appr | opriate to provide | a basis for o | ur opinio | n. The risk of |", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "Identify and assess the risks of material misstatement of the Annual\nConsolidated Financial Results, whether due to fraud or error/ design and\nperform audit procedures responsive to those risks, and obtain audit evidence\nthat is sufficient and appropriate to provide a basis for our opinion. The risk of\nnot detecting a material misstatement resulting from fraud is higher than for one\nf", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "f90132b33d132120", "content": "[TABLE] Company: MARUTI | Year: FY2025 | Section: Materiality is the magnitude of misstatements in the Annual Consolidated Financial\nResults that, individually or in aggregate, makes it probable that the economic\ndecisions of a reasonably knowledgeable user of the Annual Consolidated Financial\nResults may be influenced. We consider quantitative materiality and qualitative\nfactors in (i) planning the scope of our audit work and in evaluating the results of our\nwork; and (ii) to evaluate the effect of any identified misstatements in the Annual\nConsolidated Financial Results. > (.)\no\n=\n(t) | Page: 17\n\n|  | resulting fro | m error, aS fraud | may involve co | llusion, forg | ery, intentional |\n|---|---|---|---|---|---|\n|  | omissions, mi | srepresentations, o | r the override of in | ternal control | . |\n| a | Obtain an un | derstanding of inte | rnal control relev | ant to the a | udit in order to |\n|  | design audit\"p | rocedures that are | appropriate in th | e circumstanc | es, but not for |\n|  | the purpose o | f expressing an opi | nion on the effectiv | eness of suc | h controls. |\n| a | Evaluate the a | ppropriateness of a | ccounting policies | used and the | reasonableness |\n|  | of accounting | estimates made by | the Board of Direc | tors. |  |\n| a | Evaluate the | appropriateness an | d reasonableness | of disclosure | s made by the |\n|  | Board of Direc | tors in terms of the | requirements spe | cified under R | egulation 33 of |\n|  | the LODR Reg | ulations. |  |  |  |\n| a | Conclude on | the appropriatenes | s of the Board of | Directors' us | e of the going |\n|  | concern basis | of accounting and, | based on the audit | evidence obt | ained, whether |\n|  | a material u | ncertainty exists re | lated to events o | r conditions | that may cast |\n|  | significant do | ubt on the ability of | the Group and its a | ssociates and | joint ventures |\n|  | to continue as | a going concern. If | we conclude that a | material un | certainty exists, |\n|  | we are requ | ired to draw atte | ntion in our audi | tor's report | to the related |\n|  | disclosures in | the Consolidated | Financial Results | or, if such | disclosures are |\n|  | inadequate, t | o modify our opin | ion. Our conclusio | ns are base | d on the audit |\n|  | evidence obta | ined up to the date | of our auditor's re | port. Howeve | r, future events |\n|  | or conditions | may cause the Grou | p and its associates | and joint ve | ntures to cease |\n|  | to continue as | a going concern, |  |  |  |\n| a | Evaluate the Consolidated | overall presenta Financial Results, in | tion, structure a cluding the disclosu | nd content res, and whe | of the Annual ther the Annual |\n|  | Consolidated | Financial Results re | present the underl | ying transacti | ons and events |\n|  | in a manner t | hat achieves fair pr | esentation. |  |  |\n| a | Obtain suffici | ent appropriate au | dit evidence regar | ding the Ann | ual Standalone |\n|  | Financial Res | ults/ Financial Infor | mation of the entit | ies within th | e Group and its |\n|  | associates an | d joint ventures to | express an opinion | on the Annu | al Consolidated |\n|  | Financial Re | sults. We are res | for the ponsible | direction, s | upervision and |\n|  | performance | of the audit of finan | cial information of | such-entities | included in the |\n|  | Annual Conso | lidated Financial Re | sults of which we a | re the indepe | ndent auditors. |\n|  | For the othe | r entities included | in the Annual Co | nsolidated Fi | nancial Results, |\n|  | which have b | een audited by th | e other auditors, | such other a | uditors remain |\n|  | responsible fo | r the direction, sup | ervision and perfor | mance of th | e audits carried |\n|  | out by them. | We remain solely re | sponsible for our a | udit opinion. |  |\n| Mat | eriality is the | magnitude of misst | atements in the A | nnual Consol | idated Financial |\n| Res | ults that, indi | vidually or in aggr | it egate, makes | probable tha | t the economic |\n| deci | sions of a rea | sonably knowledge | able user of the A | nnual Consol | idated Financial |\n| Res | ults may be i | nfluenced. We con | sider quantitative | materiality | and qualitative |\n| facto | rs in (i) plann | ing the scope of ou | r audit work and in | evaluating th | e results of our |\n| wor | k; and (ii) to | evaluate the effect | of any identified | misstatement | s in the Annual |\n| Con | solidated Fina | ncial Results. |  |  |  |\n| We | communicate | with those charged | with governance | of the Holdin | g Company and |\n| such | other entities | included in the Co | nsolidated Financia | l Results of w | hich we are the |\n| inde t ter ' | pendent audit he audit and nal control th | ors regarding, amo significant audit fin at we identify durin | ng other matters, t dings including a g our audit. | he planned s ny significant | cope and timing deficiencies in |", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "Materiality is the magnitude of misstatements in the Annual Consolidated Financial\nResults that, individually or in aggregate, makes it probable that the economic\ndecisions of a reasonably knowledgeable user of the Annual Consolidated Financial\nResults may be influenced. We consider quantitative materiality and qualitative\nfactors in (i) planning the scope of our audit work and in evaluating the results of our\nwork; and (ii) to evaluate the effect of any identified misstatements in the Annual\nConsolidated Financial Results.", "subsection": "(.)\no\n=\n(t)", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "40d77916b1a89dd5", "content": "[TABLE] Company: MARUTI | Year: FY2025 | Section: The consolidated financial results includes the unaudited financial statements/ financial\ninformation of 2 subsidiaries, whose financial statements / financial information reflect\ntotal revenues of Rs. 193 million for the quarter ended March 3I,2025, total net profit\nafter tax of Rs. 9 million for the quarter ended March 37,2025 and other comprehensive | Page: 18\n\n|  |  | We also provid | e those | charged with go | vernance with | a statement | tha | t we have |\n|---|---|---|---|---|---|---|---|---|\n|  |  | complied with | releva | nt ethical require | ments regar | ding independ | enc | e, and to |\n|  |  | communicate w | ith them | all relationships | and other mat | ters that may r | eas | onably be |\n|  |  | thought to bear | on our | independence, an | d where applic | able, related sa | feg | uards. |\n| (b) |  | Revidw of the | Conso | lidated Financia | l Results for | the quarter e | nd | ed M6rch |\n|  |  | 31, 2025 |  |  |  |  |  |  |\n|  |  | We conducted | our revie | w of the Consolida | ted Financial | Results for the | qua | rter ended |\n|  |  | March 3!,2025 | in accor | dance with the Sta | ndard on Revi | ew Engagemen | ts ( | SRE) 2410 |\n|  |  | 'Review of Inte | rim Fina | ncial Information | Performed by | the Independ | ent | Auditor of |\n|  |  | the Entity', issu | ed by th | e ICAL A review | of interim fina | ncial informati | on | consists of |\n|  |  | making inquirie | s, prima | rily of the Compa | ny's personnel | responsible for | fin | ancial and |\n|  |  | accounting ma | tters, an | d applying analyti | cal and other | review procedu | res | . A review |\n|  |  | is substantially | less in sc | ope than an audit | conducted in a | ccordance with | SA | s specified |\n|  |  | under section | 143(10) | of the Act and c | onsequently d | oes not enable | us | to obtain |\n|  |  | assurance that | we wo | uld become awar | e of all signif | icant matters t | hat | might be |\n|  |  | identified in an | audit. A | ccordingly, we do | not express a | n audit opinion. |  |  |\n|  |  | The Statement | includes | the results of the | entities as list | ed under parag | rap | h (a)(i) of |\n|  |  | Opinion and Co | nclusion | section above. |  |  |  |  |\n|  |  | We also perfor | med pro | cedures in accord | ance with the | circular issued | by | the SEBI |\n|  |  | under Regul | ation 33 | (B) of the SE | BI (Listing | Obligations a | nd | Disclosure |\n|  |  | Requirements) | Regulati | ons, 2015, as am | ended, to the | extent applicabl | e' |  |\n| Oth | e | r Matters |  |  |  |  |  |  |\n|  | Th | e Statement in | cludes t | he results for the | quarter ende | d March 3L,20 | 25 | being the |\n| a | ba | lancing figure | between | audited figures i | n respect of th | e full financial | ye | ar and the |\n|  | pu | blished year to | date fig | ures up to the third | quarter of th | e current financ | ial y | ear which |\n|  | w | ere subject to | limited r | eview by us. Ou | r report is no | t modified in r | esp | ect of this |\n|  | m | atter. |  |  |  |  |  |  |\n| a | W | e did not audit t | he financ | ial statements / fi | nancial inform | ation of 2 subsi | diari | es included |\n|  | in re | the consolidate flect total asse | d financ ts of Rs. | ial results, whose 655 million as at | financial stat March 3t,20 | ements / financ 25 and total r | ial eve | information of nues Rs. |\n|  | 79 | 2 million for th | e year e | nded March 3I,20 | 25, total net p | rofit after tax o | f R | s. 44 million |\n|  | fo | r the year ende | d March | 3I,2025 and oth | er comprehens | ive income of | Rs. | 0 million for |\n|  | th | e year ended M | arch 31 | ,2025 and net ca | sh flows of Rs | . 10 million for | the | year ended |\n|  | M | arch 3L,2025, | as consi | dered in the Stat | ement. These | financial statem | en | ts/ financial |\n|  | in | formation have | been au | dited, by other au | ditors whose r | eports have be | en f | urnished to |\n|  | us | by the Manag | ement a | nd our opinion on | the Statemen | t, in so far as i | t re | lates to the |\n|  | a | mounts and disc | losures | included in respec | t of these subs | idiaries, is base | d s | olely on the |\n|  | re | ports of the o | ther aud | itors and the pro | cedures perf | ormed by us a | s st | ated under |\n|  | A | uditor's Respon | sibilities | section above. |  |  |  |  |\n|  | O | ur report on the | Statem | ent is not modified | in respect of t | he above matte | rs | with respect |\n|  | to | our reliance on | the wor | k done and the re | ports of the o | ther auditors, |  |  |\n| a | Th | e consolidated | financia | l results includes t | he unaudited | financial statem | en | ts/ financial |\n|  | in | formation of 2 | subsidiar | ies, whose financ | ial statements | / financial info | rm | ation reflect |\n|  | to | tal revenues of | Rs. 193 | million for the qu | arter ended M | arch 3I,2025, | tot | al net profit |\n|  | af | ter tax of Rs. 9 | million f | or the quarter end | ed March 37,2 | 025 and other | com | prehensive |", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "The consolidated financial results includes the unaudited financial statements/ financial\ninformation of 2 subsidiaries, whose financial statements / financial information reflect\ntotal revenues of Rs. 193 million for the quarter ended March 3I,2025, total net profit\nafter tax of Rs. 9 million for the quarter ended March 37,2025 and other comprehensive", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "3f18951cb24d74ef", "content": "[TABLE] Company: MARUTI | Year: FY2025 | Section: For Deloitte Haskins & Sells LLP\nChartered Accountants\n(Firm's Registration No. I77366W /W-100018)\nWrj,\nAlka Chadha\nPartner\n(Membership No. 93474)\n(UDIN : 2509347 4BMOM 8J3594) > Place: New Delhi\nDate: April25,2025 | Page: 19\n\n| s & Sells | LLP |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|\n| income of | Rs. 0 mil | lion for the qu | arte | r ende | d March 3I,2 | 025, as consid | ered in the |\n| Statement, | The cons | olidated financ | ial r | esults | also includes | the Group's sha | re of profits |\n| after tax of | Rs. 719 | million and Rs. | 2,4 | 39 mill | ion for the qu | arter and year e | nded March |\n| 3L,2025 re | spectivel | y and other co | mpr | ehensiv | e income of | Rs. (1) million a | nd Rs, (10) |\n| million for tl | ae quarte | r and year end | ed | March 3 | L,2025 respe | ctively, as consi | dered in tt'le |\n| Statement, | in respec | t of 14 associat | es a | nd 3 jo | int ventures, | whose financial | statements/ |\n| financial inf | ormation | have not been | au | dited by | us. These fin | ancial statemen | ts/ financial |\n| information | are una | udited and hav | e be | en furn | ished to us b | y the Managem | ent and our |\n| opinion and | conclusi | on on the Sta | tem | ent, in | so far as it | relates to the a | mounts and |\n| disclosures | included | in respect of t | hes | e subsi | joint diaries, | ventures and a | ssociates, is |\n| based solel | y on su | ch unaudited f | ina | ncial st | atements/ fi | nancial informa | tion. In our |\n| opinion and | accordin | g to the inform | atio | n and | explanations | given to us by t | he Board of |\n| Directors, th | ese finan | cial statements | / fin | ancial | information a | re not material t | o the Group. |\n| Our report o | n the Sta | tement is not | modi | fied in | respect of the | above matter w | ith respect |\n| to our relian | ce on the | financial state | me | nts/ fin | ancial informa | tion certified by | the Board |\n| of the Direc | tors, |  |  |  |  |  |  |\n|  |  |  |  | For De | loitte Haskin | s & Sells LLP |  |\n|  |  |  |  | Charte | red Accountan | ts |  |\n|  |  |  |  | (Firm's | Registration | No. I77366W /W | -100018) |\n|  |  |  |  | Wrj | , | a) | I kin s e o o |\n|  |  |  |  | Alka C Partner (Memb | hadha ership No. 93 | o 474) | Chartered Accounta nts 6 |\n|  |  |  |  | (UDIN : | 2509347 4BM | OM 8J3594) |  |", "company": "MARUTI", "ticker": "MARUTI", "source_file": "MARUTI.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "For Deloitte Haskins & Sells LLP\nChartered Accountants\n(Firm's Registration No. I77366W /W-100018)\nWrj,\nAlka Chadha\nPartner\n(Membership No. 93474)\n(UDIN : 2509347 4BMOM 8J3594)", "subsection": "Place: New Delhi\nDate: April25,2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "39c6da948f9ce1fd", "content": "MRF Limited, Regd. Office: 114, Greams Road, Chennai - 600006. E-mail: mrfshare@mrfmail.com; Tel.: 044-28292777; Fax: 91-44-28295087 CIN : L25111TN1960PLC004306 Website: www.mrftyres.com 071/SH/SE/BOARD/MA Y- 2025/KGG/2 07th May, 2025 National Stock Exchange of India Ltd Exchange Plaza 5th Floor Plot No.C/1 G Block Bandra-Kurla Complex Bandra (E) Mumoai 400 051 Bombay Stock Exchange Ltd Floor 24 P J Towers Dalal Street Mumbai 400 001 I AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31 ST MARCH 2025 Please refer our letter dated 30th April, 2025. Pursuant to the applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015, please find the following: 1. Audited financial results (standalone and consolidated) for the year ended 31st March,2025 as approved by the Board of Directors in the Board Meeting held today. Declaration with respect to Auditors' Report with unmodified opinion is given in Audited financial results. 2. Auditors' Report for audited financial results for both standalone and consolidated for the year ended 3pt March, 2025. 3. The Board of Directors have recommended a final dividend of Rs 229/- (2290%) per share of Rs.10 each. The Company has already declared and paid two interim dividends of Rs.3/ - (30%) each per share for the financial year ended 3pt March, 2025. The total dividend for the financial year ended 3pt March 2025 works out to Rs. 235/- (2350%) per share of Rs.10 each. 4. Appointment of Messrs Elangovan & Associates, (FRN: P2025TN104500), Practising Company Secretaries, Chennai as Secretarial Auditors", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 2, "section": "~--------~--", "subsection": "Bombay Stock Exchange Ltd\nFloor 24 P J Towers\nDalal Street\nMumbai 400 001", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2be62099c61b7038"}, {"chunk_id": "e7d7c19e943a3eb0", "content": "year ended 3pt March 2025 works out to Rs. 235/- (2350%) per share of Rs.10 each. 4. Appointment of Messrs Elangovan & Associates, (FRN: P2025TN104500), Practising Company Secretaries, Chennai as Secretarial Auditors of the Company, based on the recommendation of the audit committee, for a period of five consecutive years commencing from FY 2025-26, subject to approval of the shareholders of the Company at the ensuing Annual General Meeting. Brief detail of the aforesaid appointment is enclosed. The meeting of the Board of Directors of the Company commenced at 11.00 a.m and concluded at l.'6:>,.9. p. m. Kindly take the same on record.", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 2, "section": "~--------~--", "subsection": "Bombay Stock Exchange Ltd\nFloor 24 P J Towers\nDalal Street\nMumbai 400 001", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2be62099c61b7038"}, {"chunk_id": "0c5e1e2fd998afd5", "content": "For MRF LIMITED ~'~~fr S DHANVANTH KUMAR COMPANY SECRETARY Appointment of Secretarial Auditors S.No Detai Is of Event Particulars / information of such event 1 Reason for change: Appointment Appointment of Messrs Elangovan & Associates, (FRN: P2025TN104500), Peer Reviewed Firm of Company Secretaries in Practice as Secretarial Auditors of the Company 2 Date of appointment and term of appointment The Board at its meeting held on 7th May, 2025, approved the appointment of Messrs Elangovan & Associates, (FRN: P2025TN104500) as Secretarial Auditors, for a period of five consecutive years commencing from FY2025-26, subject to approval of the shareholders at the ensuing Annual General Meeting 3 Brief Profile (in case of appointment) Messrs Elangovan & Associates, (FRN: P2025TN104500), Practising Company Secretaries, Chennai is a firm led by a team of two partners who are experienced and qualified company secretaries. Their expertise includes focusing on Secretarial Audit, Secretarial Compliance Audit, etc., Over the years, Messrs Elangovan & Associates have built a diverse client base serving companies spread across several industries, like Chemicals, real estate, spinning mills, transport, etc., 4 Disclosure of relationships between directors (in case of appointment of a director) M 1\\1NiSSIM & CO. LLP Chartered Accountants, Barodawala Mansion B-Wing, 3rd Floor 8], Dr Annie Besant Road, Worli MUMBAI-400 0]8 SASTRI & SHAH Chartered Accountants, \"LEELA VATI\" 98, Armenian Street CHENNAI - 600 001. INDEPENDENT AUDITOR'S REPORT ON AUDIT OF THE ANNUAL STANQALONE FINANCIAL RESULTS OF MRF LTD PURSUANT TO THE REQUIREMENT OF REGULATIONS 33 AND 52 OF THE SEBI (LISTING OBLIGATION AND DISCLOSURE", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 4, "section": "For MRF LIMITED\n~'~~fr\nS DHANVANTH\nKUMAR\nCOMPANY\nSECRETARY", "subsection": "3\nBrief Profile\n(in case of\nappointment)\nMessrs\nElangovan\n&\nAssociates,\n(FRN:\nP2025TN104500),\nPractising\nCompany\nSecretaries,\nChennai is a firm\nled by a team of\ntwo partners who are experienced\nand qualified\ncompany\nsecretaries.\nTheir\nexpertise\nincludes\nfocusing\non\nSecretarial\nAudit,\nSecretarial\nCompliance\nAudit,\netc.,\nOver the years, Messrs\nElangovan\n& Associates\nhave\nbuilt\na diverse\nclient\nbase serving\ncompanies\nspread\nacross\nseveral industries,\nlike Chemicals,\nreal estate,\nspinning mills, transport,\netc.,\n4\nDisclosure of\nrelationships\nbetween\ndirectors\n(in case of\nappointment\nof\na director)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bc0d1aa60aac40b9"}, {"chunk_id": "a664a4df5ca3d7af", "content": "\"LEELA VATI\" 98, Armenian Street CHENNAI - 600 001. INDEPENDENT AUDITOR'S REPORT ON AUDIT OF THE ANNUAL STANQALONE FINANCIAL RESULTS OF MRF LTD PURSUANT TO THE REQUIREMENT OF REGULATIONS 33 AND 52 OF THE SEBI (LISTING OBLIGATION AND DISCLOSURE REQUIREMENTS) REGULATION 2015, AS AMENDED To The Board of Directors, MRFLTD. 1. We have audited the accompanying statement of Standalone financial results of MRF Ltd (\"the Company\") for the quarter and year ended 31st March, 2025 (\"the Statement\"), being submitted by the Company pursuant to the requirements of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended (the \"Listing Regulations\"). 2. In our opinion and to the best of our information and according to the explanations given to us, the statement: a) is presented in accordance with the requirements of Regulation 33 and 52 of the Listing Regulations; and b) gives a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards (\"Ind AS\"), and other accounting principles generally accepted in India, of the net profit and other comprehensive income and other financial information of the Company for the quarter and year ended 31st March 2025. 3. We conducted our audit in accordance with the Standards on Auditing (ISAs\") specified under section 143(10) of the Companies Act, 2013 (lithe Act\"). Our responsibilities under those SAs are further described in the Auditor's Responsibilities for the Audit of the Standalone Financial Results", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 4, "section": "For MRF LIMITED\n~'~~fr\nS DHANVANTH\nKUMAR\nCOMPANY\nSECRETARY", "subsection": "3\nBrief Profile\n(in case of\nappointment)\nMessrs\nElangovan\n&\nAssociates,\n(FRN:\nP2025TN104500),\nPractising\nCompany\nSecretaries,\nChennai is a firm\nled by a team of\ntwo partners who are experienced\nand qualified\ncompany\nsecretaries.\nTheir\nexpertise\nincludes\nfocusing\non\nSecretarial\nAudit,\nSecretarial\nCompliance\nAudit,\netc.,\nOver the years, Messrs\nElangovan\n& Associates\nhave\nbuilt\na diverse\nclient\nbase serving\ncompanies\nspread\nacross\nseveral industries,\nlike Chemicals,\nreal estate,\nspinning mills, transport,\netc.,\n4\nDisclosure of\nrelationships\nbetween\ndirectors\n(in case of\nappointment\nof\na director)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bc0d1aa60aac40b9"}, {"chunk_id": "1d3d4e82009c2780", "content": "(ISAs\") specified under section 143(10) of the Companies Act, 2013 (lithe Act\"). Our responsibilities under those SAs are further described in the Auditor's Responsibilities for the Audit of the Standalone Financial Results section of our report. We are independent of the Company, in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (ICAI) together with the ethical requirements that are relevant to our audit of the standalone financial results for the quarter and year ended 31st March 2025 under the provisions of the Act, and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAl's Code of Ethics. We believe that the audit evidence we have obtained, is sufficient and appropriate to provide a basis for our Audit opinion. Management's Responsibilities for the Standalone Financial Results 4. This statement, which includes the standalone financial result, is the responsibility of the Company's Board of Directors and has been approved by them for issuance. The statement has been prepared on the basis of the Standalone Financial Statements for the quarter and year ended 31st March 2025. This responsibility includes preparation and presentation of the Standalone Financial Results for the quarter and year ended 31st March 2025 that give a true and fair view of the net profit and other comprehensive income and other financial information' in accordance with the recognition and 1 /;:\"\" Measurement principles", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 4, "section": "For MRF LIMITED\n~'~~fr\nS DHANVANTH\nKUMAR\nCOMPANY\nSECRETARY", "subsection": "3\nBrief Profile\n(in case of\nappointment)\nMessrs\nElangovan\n&\nAssociates,\n(FRN:\nP2025TN104500),\nPractising\nCompany\nSecretaries,\nChennai is a firm\nled by a team of\ntwo partners who are experienced\nand qualified\ncompany\nsecretaries.\nTheir\nexpertise\nincludes\nfocusing\non\nSecretarial\nAudit,\nSecretarial\nCompliance\nAudit,\netc.,\nOver the years, Messrs\nElangovan\n& Associates\nhave\nbuilt\na diverse\nclient\nbase serving\ncompanies\nspread\nacross\nseveral industries,\nlike Chemicals,\nreal estate,\nspinning mills, transport,\netc.,\n4\nDisclosure of\nrelationships\nbetween\ndirectors\n(in case of\nappointment\nof\na director)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bc0d1aa60aac40b9"}, {"chunk_id": "786b8b0b560d26c8", "content": "~ I\"'· \"\" ~ Cr'/CM 0\\ \" ~...tz f!! *1 N'~'\" :!- r ~ II -< I' ,. ,\"' v. ~. o~ - <, ~ \";5 , ~E:DACCo\\S ~I! ~(' ~dA_ ~y ~ .•/ - &. am rules issued thereunder and other accounting principles generally accepted in In \"n jl!lQin M M NISSIM & co. LLP Chartered Accountants, Barodawala Mansion B-Wing, 3'd Floor 81, Dr Annie Besant Road, Worli MUMBAI-400 018 SASTRI & SHAH Chartered Accountants, \"LEE LAVATI\" 98, Armenian Street CHENNAI - 600001. compliance with Regulation 33 and 52 of the Listing Regulations. This responsibility also. includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and -completeness of the accounting records, relevant to the preparation and presentation of the standalone financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error. , . 5. In preparing the, standalone financial results, the Management and the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 6, "section": "~\nI\"'·\n\"\"\n~\nCr'/CM\n0\\\n\"\n~...tz\nf!!\n*1\nN'~'\"\n:!-\nr ~\nII\n-<\nI'\n,.\n,\"'\nv.\n~.\no~\n-\n<,\n~\n\";5\n,\n~E:DACCo\\S\n~I!\n~('\n~dA_\n~y", "subsection": ",\n.\n5. In preparing\nthe, standalone\nfinancial\nresults,\nthe Management\nand the Board of Directors are\nresponsible\nfor assessing\nthe Company's\nability to continue\nas a going concern, disclosing,\nas\napplicable, matters related to going concern and using the going concern basis of accounting unless\nthe Board of Directors either intends\nto liquidate\nthe Company\nor to cease operations,\nor has no\nrealistic alternative but to do so.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c566dfe2c3199bc6"}, {"chunk_id": "68276db6507ce057", "content": "responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. 6. The Board of Directors are responsible for overseeing the Company's financial reporting process. Auditor's Responsibilities for the Audit of the Standalone Financial Results 7. Our objectives are to obtain reasonable assurance about whether the standalone financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that- an audit conducted in accordance with SAs will- always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone financial results. 8. As part of. an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the standalone financial results, whether due to fraud or error, design and perform audit procedures", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 6, "section": "~\nI\"'·\n\"\"\n~\nCr'/CM\n0\\\n\"\n~...tz\nf!!\n*1\nN'~'\"\n:!-\nr ~\nII\n-<\nI'\n,.\n,\"'\nv.\n~.\no~\n-\n<,\n~\n\";5\n,\n~E:DACCo\\S\n~I!\n~('\n~dA_\n~y", "subsection": ",\n.\n5. In preparing\nthe, standalone\nfinancial\nresults,\nthe Management\nand the Board of Directors are\nresponsible\nfor assessing\nthe Company's\nability to continue\nas a going concern, disclosing,\nas\napplicable, matters related to going concern and using the going concern basis of accounting unless\nthe Board of Directors either intends\nto liquidate\nthe Company\nor to cease operations,\nor has no\nrealistic alternative but to do so.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c566dfe2c3199bc6"}, {"chunk_id": "a5d83043523fc721", "content": "skepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the standalone financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (i) of the Act, we are also responsible for expressing our opinion through a separate report on the complete set of financial statements on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Management and the Board of Directors. , M M NISSIM & CO. LLP Chartered Accountants, Barodawala Mansion B-Wing, 3rd Floor 81, Dr Annie Besant Road, Worli MUMBAI-400 018 SASTRl & SHAH Chartered Accountants, \"LEE LAVATI\" 98, Armenian Street CHENNAI ~ 600001. • Evaluate the appropriateness and the reasonableness of disclosures made by the Management", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 6, "section": "~\nI\"'·\n\"\"\n~\nCr'/CM\n0\\\n\"\n~...tz\nf!!\n*1\nN'~'\"\n:!-\nr ~\nII\n-<\nI'\n,.\n,\"'\nv.\n~.\no~\n-\n<,\n~\n\";5\n,\n~E:DACCo\\S\n~I!\n~('\n~dA_\n~y", "subsection": ",\n.\n5. In preparing\nthe, standalone\nfinancial\nresults,\nthe Management\nand the Board of Directors are\nresponsible\nfor assessing\nthe Company's\nability to continue\nas a going concern, disclosing,\nas\napplicable, matters related to going concern and using the going concern basis of accounting unless\nthe Board of Directors either intends\nto liquidate\nthe Company\nor to cease operations,\nor has no\nrealistic alternative but to do so.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c566dfe2c3199bc6"}, {"chunk_id": "29fd30a6fa01cb21", "content": "MUMBAI-400 018 SASTRl & SHAH Chartered Accountants, \"LEE LAVATI\" 98, Armenian Street CHENNAI ~ 600001. • Evaluate the appropriateness and the reasonableness of disclosures made by the Management and the Board of Directors in terms of the requirements specified under Regulation 33 and 52 of the Listing Regulations. • Conclude on the appropriateness of the Management's and the Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material 'uncertainty exists related to events or conditions that may cast significant doubt on the ability of\" the Company to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern. • Evaluate the overall presentation, structure and content of the standalone financial results, including the disclosures, and whether the standalone financial results represent the underlying transactions and events in a manner that achieves fair presentation. • Obtain sufficient appropriate audit evidence regarding the Standalone Financial Results of the Company to express an opinion on the Standalone Financial Results. We communicate with those charged with governance regarding,", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 6, "section": "~\nI\"'·\n\"\"\n~\nCr'/CM\n0\\\n\"\n~...tz\nf!!\n*1\nN'~'\"\n:!-\nr ~\nII\n-<\nI'\n,.\n,\"'\nv.\n~.\no~\n-\n<,\n~\n\";5\n,\n~E:DACCo\\S\n~I!\n~('\n~dA_\n~y", "subsection": ",\n.\n5. In preparing\nthe, standalone\nfinancial\nresults,\nthe Management\nand the Board of Directors are\nresponsible\nfor assessing\nthe Company's\nability to continue\nas a going concern, disclosing,\nas\napplicable, matters related to going concern and using the going concern basis of accounting unless\nthe Board of Directors either intends\nto liquidate\nthe Company\nor to cease operations,\nor has no\nrealistic alternative but to do so.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c566dfe2c3199bc6"}, {"chunk_id": "7c8dbe8fb0ecfde4", "content": "audit evidence regarding the Standalone Financial Results of the Company to express an opinion on the Standalone Financial Results. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. 9. The standalone financial results include the results for the quarter ended 31st March 2025 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review by us. For M M NISSIM & CO. LLP Chartered Accountants (Reg.No.107122W / WI00672) For SASTRI & SHAH Chartered Accountants (Reg.No.003643S)", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 6, "section": "~\nI\"'·\n\"\"\n~\nCr'/CM\n0\\\n\"\n~...tz\nf!!\n*1\nN'~'\"\n:!-\nr ~\nII\n-<\nI'\n,.\n,\"'\nv.\n~.\no~\n-\n<,\n~\n\";5\n,\n~E:DACCo\\S\n~I!\n~('\n~dA_\n~y", "subsection": ",\n.\n5. In preparing\nthe, standalone\nfinancial\nresults,\nthe Management\nand the Board of Directors are\nresponsible\nfor assessing\nthe Company's\nability to continue\nas a going concern, disclosing,\nas\napplicable, matters related to going concern and using the going concern basis of accounting unless\nthe Board of Directors either intends\nto liquidate\nthe Company\nor to cease operations,\nor has no\nrealistic alternative but to do so.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c566dfe2c3199bc6"}, {"chunk_id": "c13e0489c7bfce0d", "content": "~-~7; - (N KASHINATH) Partner . \\ M.No.036490 UDIN: 25036490BMFZMB780 Chennai l 7thMay, 2025 (CRKUMAR) Partner M.No.026143 UDIN: 25026143BMIXE05004 Chennai 7thMay, 2025 MRF LIMITED Regd.Office: 114, Greams Road, Chennai - 600 006 CIN: L25111TN1960PLC004306; Website: www.mrftvres.com; Email: mrfshare@mrfmail.com; Ph: 044-28292777 FAX: 28290562 Rs.Crores Statement of Audited Standalone Financial Results for the Quarter and Year ended 31st March,2025 PARTICULARS 31.03.2025 31.12.2024 31.03.2024 31.03.2025 31.03.2024 Quarter ended Year ended Audited Unaudited Audited Audited Audited (Refer Note 3) (Refer Note 3) II Other Income 111.46 96.60 92.35 402.86 312.46 I Revenue from Operations 6,943.84 6,883.17 6,215.05 27,665.22 24,673.68 III Totallncome( I + II ) 7,055.30 6,979.77 6,307.40 28,068.08 24,986.14 a) Cost of materials consumed 4,679.74 4,634.06 3,871.45 18,348.97 15,051.75 b) Purchase of stock-in-trade 6.97 6.73 5.81 28.10 21.22 c) Changes in inventories of finished goods, Stock~in-trade and work-ln-proqress (247.61) (37.35) (80.93) (601.10) (182.41) d) Employee benefits expense 458.85 465.02 468.16 1,831.53 1,749.52 e) Finance costs 78.19 71.09 85.80 291.43 316.34 f) Depreciation and amortisation expense 430.97 414.27 384.19 1,647.40 1,425.00 g) Other expenses 1,003.11 1,012.89 1,065.01 4,101.85 3,865.76 Total expenses(IV) 6,410.22 6,566.71 5,799.49 25,648.18 22,247.18 V Profit before Exceptional Items and Tax ( III-IV) 645.08 413.06 507.91 2,419.90 2,738.96 VII Profit before Tax 645.08 413.06 507.91 2,419.90 2,738.96 VI Exceptional Items - - - -", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 7, "section": "~-~7;\n-\n(N KASHINATH)\nPartner\n.\n\\\nM.No.036490\nUDIN: 25036490BMFZMB780\nChennai\nl\n7thMay, 2025", "subsection": ",\n.\n5. In preparing\nthe, standalone\nfinancial\nresults,\nthe Management\nand the Board of Directors are\nresponsible\nfor assessing\nthe Company's\nability to continue\nas a going concern, disclosing,\nas\napplicable, matters related to going concern and using the going concern basis of accounting unless\nthe Board of Directors either intends\nto liquidate\nthe Company\nor to cease operations,\nor has no\nrealistic alternative but to do so.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1418f27737b35543"}, {"chunk_id": "5ee811e6ba21f177", "content": "(2) Deferred Tax . (17.27) 19.08 28.65 (0.51) 73.42 (1) Current Tax 164.50 87.26 99.71 597.86 624.59 IX Profit for the period from Continuing Operations ( VII - VIII) 497.85 306.72 379.55 1,822.55 2,040.95 X Other Comprehensive Income( OCI) A) Items that will not be reclassified to profit or loss. net of tax (3.95) 3.72 (24.22) (1.45) (37.90) B) Items that will be reclassified t? profit or loss.net of tax (14.99) 8.66 (2.46) (1.06) 2.95 XII Paid up Equity Share Capital ( Face Value of RS.10/- each) 4.24 4.24 4.24 4.24 4.24 XI Total Comprehensive Income for the Period/Year 478.91 319.10 352.87 1,820.04 2,006.00 XIII Paid up Debt Capital 150.00 150.00 150.00 150.00 150.00 XIV Earnings Per Share of RS.10/- each (not annualised): Diluted (Rs. Per Share) 1,173.86 723.20 894.93 4,297.31 4,812.26 Basic (Rs. Per Share) 1,173.86 723.20 894.93 4,297.31 4,812.26 xv Other Equity excluding Revaluation Reserve - 18,171.63 16,436.41 See accompanying Notes to the financial results Standalone Statement of Assets and Liabilities Rs.Crores Standalone Particulars As at As at 31.03.2025 31.03.2024 Audited Audited ASSETS (1) Non-Current Assets (a) Property, Plant and Equipment 12,257.95 11,193.96 (b) Capital Work-in-Progress 1,166.47 2,362.51 (c) Right of Use Assets 850.22 758.14 (d) Other Intangible Assets 20.56 25.12 (i) Investments 1,155.67 1,141.64 (iii) Other financial assets 28.71 25.80 (f) Non Current Tax Asset(Net) 329.29 343~54 (g) Other non-current assets 264.82 358.16 (a) Inventories 5,539.34 4,360.72 (i) Investments 3,403.33 2,261.98 (ii) Trade Receivables 3,302.13 2,841.86 (iii) Cash and cash Equivalents 243.61 235.55 (iv)Bank balances other than Cash and Cash Equivalents 5.85 4.79", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 8, "section": "(2) Deferred\nTax\n.\n(17.27)\n19.08\n28.65\n(0.51)\n73.42", "subsection": ",\n.\n5. In preparing\nthe, standalone\nfinancial\nresults,\nthe Management\nand the Board of Directors are\nresponsible\nfor assessing\nthe Company's\nability to continue\nas a going concern, disclosing,\nas\napplicable, matters related to going concern and using the going concern basis of accounting unless\nthe Board of Directors either intends\nto liquidate\nthe Company\nor to cease operations,\nor has no\nrealistic alternative but to do so.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "efae81eeff7a03f9"}, {"chunk_id": "156e36af79dc013b", "content": "(c) Other current assets 324.35 303.58 . TOTAL ASSETS 29,096.10 26,414.79 (vi) Other financial assets 191.20 '187.55 EQUITY AND LIABILITIES Equity (b) Other Equity 18,171.63 16,436.41 (a) Equity Share Capital 4.24 4.24 Liabilities (1) Non-Current Liabilities Total Equity 18,175.87 16,440.65 (a) Financial Liabilities (ii) Lease Liability 755.31 655.19 (i) Borrowings 374.43 724.11 (b) Provisions 284.88 259.45 (c) Deferred Tax Liabilities (Net) 456.50 457.84", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 8, "section": "(c) Other current assets\n324.35\n303.58\n.\nTOTAL ASSETS\n29,096.10\n26,414.79", "subsection": ",\n.\n5. In preparing\nthe, standalone\nfinancial\nresults,\nthe Management\nand the Board of Directors are\nresponsible\nfor assessing\nthe Company's\nability to continue\nas a going concern, disclosing,\nas\napplicable, matters related to going concern and using the going concern basis of accounting unless\nthe Board of Directors either intends\nto liquidate\nthe Company\nor to cease operations,\nor has no\nrealistic alternative but to do so.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9091252c52d5cd9a"}, {"chunk_id": "d3b14530c39c66b1", "content": "(2) Cu~rent Liabilities - (a) Financial Liabilities (d) Other non-current liabilities 242.60 336.55 (i) Borrowings 1,212.11 906.70 (ii) Lease Liability 110.84 91.09 (iii) Trade Payables: (B) total outstanding dues of creditors other than micro enterprises and Small enterprises 3,~7819 2,911.64 (A) total outstanding dues of micro enterprises and Small enterprises 28.55 32.77 (iv) Other Financial Liabilities 388.32 507.94", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 8, "section": "(2) Cu~rent Liabilities\n-\n(a) Financial Liabilities", "subsection": ",\n.\n5. In preparing\nthe, standalone\nfinancial\nresults,\nthe Management\nand the Board of Directors are\nresponsible\nfor assessing\nthe Company's\nability to continue\nas a going concern, disclosing,\nas\napplicable, matters related to going concern and using the going concern basis of accounting unless\nthe Board of Directors either intends\nto liquidate\nthe Company\nor to cease operations,\nor has no\nrealistic alternative but to do so.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a0686be3dfc4534c"}, {"chunk_id": "d4527810cfd8cb7c", "content": "(c) Provisions 342.00 445.79 . Total Liabilities .10,920.23 9,974.14 (b) Other Current Liabilities 2,746.50 2,645.07 MRF LIMITED AUDITED STANDALONE CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH, 2025 31 st March 2025 31 st March 2024 A. CASH FLOW FROM OPERATING ACTIVITIES: Depreciation 1,647.40 1,425.00 NET PROFIT BEFORE TAX 2,419.90 2,738.96 Reversal of Impairment of Assets I Financial Assets (0.61) (0.45) Unrealised Exchange (Gain) I Loss (0.65) (1.22) Government Grant (1.55) , (1.52) Finance Cost 291.43 316.34 Interest Income (107.22) (99.57) Dividend Income (0.25) (0.35) Provision for Impairment of Assets( other than Financial Assets) - 4.59 Loss I (Gain) on Sale I Disposal of Property, Plant and Equipment 1.65 10.68 Fair Value changes in Investments (225.64) (159.54) Fair Value changes in Finan;cial Instruments 14.90 7.72 OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES 4,035.97 4,240.29 Loss I (Gain) on Sale of Investments (3.54) (0.64) Bad debts written off 0.15 1,616.07 0.29 1,501.33 Trade receivables (463.70) (398.43) Other receivables (37.69) (65.81) Inventories - Finished Goods (473.45) (115.42) Inventories - Raw materials and Others (705.17) (202.62) - Import acceptance and Others 1,066.72 185.72 Other Liabilities (119.18) (813.67) 73.17 (305.10) Provisions (81.20) 218.29 CASH GENERATED FROM OPERATIONS 3,222.30 3,935.19 Direct Taxes paid (583.61) (704.89) B. CASH FLOW FROM INVESTING ACTIVITIES NET CASH FROM OPERATING ACTIVITIES 2,638.69 3,230.30", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 9, "section": "(c) Provisions\n342.00\n445.79\n.\nTotal Liabilities\n.10,920.23\n9,974.14", "subsection": ",\n.\n5. In preparing\nthe, standalone\nfinancial\nresults,\nthe Management\nand the Board of Directors are\nresponsible\nfor assessing\nthe Company's\nability to continue\nas a going concern, disclosing,\nas\napplicable, matters related to going concern and using the going concern basis of accounting unless\nthe Board of Directors either intends\nto liquidate\nthe Company\nor to cease operations,\nor has no\nrealistic alternative but to do so.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b98ecead43e14ff1"}, {"chunk_id": "49ce9c36cf5533be", "content": "Purchase of Investments . (2,877.86) (445~8) Proceeds from sale of Property, Plant and Equipment 13.30 1.16 Purchase of Property, Plant and Equipment (1,298.74) (2,135.98) Proceeds from sale of Investments 1,962.02 316.31 Fixed Deposits Others - Proceeds - 144.00 Fixed Deposits Others - Placed - (288.00) Fixed Deposits with Banks - Proceeds 0.05 0.01 Loans (Financial assets) - given (27.67) (28.10) Loans (Financial assets) - repaid 24.11 21.51 Interest Income 97.22 95.55 NET CASH USED IN INVESTING ACTIVITIES (2,107.32) (2,319.17) Dividend income 0.25 0.35 C. CASH FLOW FROM FINANCING ACTIVITIES (Repayments) I Proceeds from Working Capital Facilities (Net) 57.00 (19734) Government Grant 1.55 1.52 Repayment of Term Loans (100.00) (150.00) Deferred payment Credit (1.00) (0.88) Payment of Lease Liability (180.62) (152.46) Interest paid (215.58) (250.07) Dividend paid (84.82) (74.22) NET CASH FROM FINANCING ACTIVITIES (523.47) (823.45) OPENING BALANCE OF CASH AND CASH EQUIVALENTS 235.55 '146.31 NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 7.90 87.68 CLOSING BALANCE OF CASH AND CASH EQUIVALENTS' 243.61 235.55' Unrealised Gain I (Loss) on Foreign currency Cash & Cash equivalents 0.16 1.56 Note: The above Cash Flow Statement has been prepared under the \"Indirect Method\" as set out in the Indian Accounting Standard (Ind AS-7) - Statement of Cash (1 )The above standalone financial results for the Quarter and Year ended 31st March,2025 were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 7th May, 2025. (2) The Statutory auditors have expressed an unmodified opinion on the above results.", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 10, "section": "Purchase\nof Investments\n.\n(2,877.86)\n(445~8)", "subsection": ",\n.\n5. In preparing\nthe, standalone\nfinancial\nresults,\nthe Management\nand the Board of Directors are\nresponsible\nfor assessing\nthe Company's\nability to continue\nas a going concern, disclosing,\nas\napplicable, matters related to going concern and using the going concern basis of accounting unless\nthe Board of Directors either intends\nto liquidate\nthe Company\nor to cease operations,\nor has no\nrealistic alternative but to do so.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3e273502017e0f46"}, {"chunk_id": "a3b7bd40f467061d", "content": "approved by the Board of Directors at its meeting held on 7th May, 2025. (2) The Statutory auditors have expressed an unmodified opinion on the above results. (3)The figures for the Quarters ended 31st March, 2025 and 31st March,2024 are the balancing figures between the audited figures in respect of the full financial year and the year-to-date figures upto the third Quarter of the Financial year. . (4)These financial results have been prepared in accordance with the recognition and measurement principles laid down in the Ind AS prescribed under Section 133 of the Companies Act, 2013 read with the rules thereunder and in terms of SEBI Circular dated 5th JuIY,2016. . . (5)The Company is engaged interalia in the manufacture of Rubber Products such as Tyres, Tubes, Flaps,Tread Rubber etc. These in the context of IND AS - 108 - 'Operating Segment' are considered to constitute one single primary segment. The Company's operations outside India do not exceed the quantitative threshold for disclosure envisaged in the IND AS. Non-reportable segments has not been disclosed as unallocated reconciling item in view of its materiality. In view of the above, operating segment disclosures for business/geographical segment are not applicable to the Company. (6)\"rhe Board of Directors has recommended a final dividend of Rs 229 /- (2290%) per share of Rs 10/- each which along with two", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 10, "section": "Purchase\nof Investments\n.\n(2,877.86)\n(445~8)", "subsection": ",\n.\n5. In preparing\nthe, standalone\nfinancial\nresults,\nthe Management\nand the Board of Directors are\nresponsible\nfor assessing\nthe Company's\nability to continue\nas a going concern, disclosing,\nas\napplicable, matters related to going concern and using the going concern basis of accounting unless\nthe Board of Directors either intends\nto liquidate\nthe Company\nor to cease operations,\nor has no\nrealistic alternative but to do so.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3e273502017e0f46"}, {"chunk_id": "e0cb5325940ef132", "content": "business/geographical segment are not applicable to the Company. (6)\"rhe Board of Directors has recommended a final dividend of Rs 229 /- (2290%) per share of Rs 10/- each which along with two interim dividends of Rs.3 /- each (30%) per share already paid works out to Rs 235/- (2350%) per share of Rs 10/- each. (7) The figures for the previous periods/year have been regrouped/restated wherever necessary.", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 10, "section": "Purchase\nof Investments\n.\n(2,877.86)\n(445~8)", "subsection": ",\n.\n5. In preparing\nthe, standalone\nfinancial\nresults,\nthe Management\nand the Board of Directors are\nresponsible\nfor assessing\nthe Company's\nability to continue\nas a going concern, disclosing,\nas\napplicable, matters related to going concern and using the going concern basis of accounting unless\nthe Board of Directors either intends\nto liquidate\nthe Company\nor to cease operations,\nor has no\nrealistic alternative but to do so.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3e273502017e0f46"}, {"chunk_id": "075197a0a8f4d4e2", "content": "For MRF LIMITED \\L:-~~ Place: Chennai Date: 7th May, 2025 RAHUL MAMMEN MAPPILLAI Managing Director DIN : 03325290 Other Disclosures: Stand alone Quarter Ended Year Ended S.No. Particulars 31.03.2025 31.12.2024 31.03.2024 31.03.2025 31.03.2024 (Audited) (Unaudited) (Audited) (Audited) (Audited) (a) Net worth (Rs. Crores) 18,175.87 17,698.23 16,440.65 18,175.87 16,440.65 Ratios: (a) Debt equity ratio (in times) 0.04 0.04 0.05 0.04 0.05 Long Term Debt/Shareholders Equity] Debt service coverage ratio (not annualised except for year end (b) March) 20.25 16.65 4.39 13.63 10.84 [EBITDA and exceptional item / (Interest Expenses + Prinicpal Reoavments)l Interest service coverage ratio (in times) (not annualised except for (c) year end March) 20.34 16.73 1401 2009 17.24 I[(EBITDA and exceptional item) / (Interest Expenses)] (d) Current ratio (in times) 1.48 1.45 135 1.48 135 I(Current assets / Current liabilities) • (e) Long term debt to working capital (in tinies) 0.18 0.19 0.32 0.18 0.32 I [Long term debt / working caoitall Bad debts to account receivable ratio (in %)(not annualised except (f) for year end March) - - 0.01% - 0.01% [Bad debts / Average Trade Receivables] (g) Current liability ratio (in %) 80.64% 78.79% 75.61% 80.64% 75.61% [Current liabilities / Total liabilities] (h) Total debts to total assets ratio (in %) 5.50% 4.07% 6.23% 5.50% 6.23% [Total debts / Total assetsl (i) Debtors turnover (in times) (annualised) 8.71 8.87 8.90 9.00 9.34 Net Credit Sales / Average trade receivables] U) Inventory turnover (in times) (annualised) 4.77 5.05 5.47 5.27 5.37 Cost of sales / Average inventory] Operating margin (in %) (k) [(EBIT (Excl Other income and exceptional", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 13, "section": "For MRF LIMITED\n\\L:-~~", "subsection": ",\n.\n5. In preparing\nthe, standalone\nfinancial\nresults,\nthe Management\nand the Board of Directors are\nresponsible\nfor assessing\nthe Company's\nability to continue\nas a going concern, disclosing,\nas\napplicable, matters related to going concern and using the going concern basis of accounting unless\nthe Board of Directors either intends\nto liquidate\nthe Company\nor to cease operations,\nor has no\nrealistic alternative but to do so.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4ca96ccedaffe35a"}, {"chunk_id": "50ac6033c217447c", "content": "9.00 9.34 Net Credit Sales / Average trade receivables] U) Inventory turnover (in times) (annualised) 4.77 5.05 5.47 5.27 5.37 Cost of sales / Average inventory] Operating margin (in %) (k) [(EBIT (Excl Other income and exceptional item)/ Revenue from 8.81% 5.63% 8.07% 8.34% 11.12% Operations] (I) Net profit margin (in %) 7.06% 4.39% 6.02% 6.49% 8.17% I[Profit after tax / Total Income] SASTRI & SHAH Chartered Accountants, \"LEELA VATI\" 98, Armenian Street CHENNAI- 600001., Barodawala Mansion B-Wing, 3rd Floor 81, Dr Annie Besant Road, Worli MUMBAI-400 018 INDEPENDENT AUDITOR'S REPORT ON AUDIT OF THE ANNUAL CONSOLIDATED FINANCIAL RESULTS OF MRF LTD PURSUANT TO THE REQUIREMENT OF REGULATIONS 33 AND 52 OF THE SEBI (LISTING OBLIGATION AND DISCLOSURE REQUIREMENTS) REGULATION 2015, AS AMENDED To . The Board of Directors, MRFLTD. 1. We have audited the accompanying Consolidated financial results of MRF Ltd (hereinafter referred to as the \"Holding Company\") and its subsidiaries (Holding Company and its subsidiaries together referred to as lithe Group\"), for the quarter and year ended 31st March, 2025 (\"the Statement\"), being submitted by the Holding Company pursuant to the requirements of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended (the \"Listing Regula tions\"). 2. In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of report of the other auditor on separate audited financial statements of the subsidiaries, the aforesaid consolidated", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 13, "section": "For MRF LIMITED\n\\L:-~~", "subsection": ",\n.\n5. In preparing\nthe, standalone\nfinancial\nresults,\nthe Management\nand the Board of Directors are\nresponsible\nfor assessing\nthe Company's\nability to continue\nas a going concern, disclosing,\nas\napplicable, matters related to going concern and using the going concern basis of accounting unless\nthe Board of Directors either intends\nto liquidate\nthe Company\nor to cease operations,\nor has no\nrealistic alternative but to do so.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4ca96ccedaffe35a"}, {"chunk_id": "469d09c93655726d", "content": "and according to the explanations given to us and based on the consideration of report of the other auditor on separate audited financial statements of the subsidiaries, the aforesaid consolidated financial results: a) include the financial results of the following entities Name of the Entity Relationship MRF Corp Limited Wholly Owned Subsidiary MRF Lanka (Private) Limited Wholly Owned Subsidiary MRF SG PTE Ltd. Wholly Owned Subsidiary MRF International Limited Subsidiary b) is presented in accordance with the requirements of Regulation 33 and 52 of the Listing Regulations in this regard; and . c) gives a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards (\"Ind AS\"), and other accounting principles generally accepted in India, of the consolidated net profit and consolidated other comprehensive income and other financial information of the Group for the quarter and year ended 31st March 2025. 3. We conducted our audit in accordance with the Standards on Auditing (ISAs\") specified under section 143(10) of the Companies Act, 2013 (lithe Act\"). Our responsibilities under those SAs are further described in the Auditor's Responsibilities for the Audit of the Consolidated Financial Results section of our report. We are independent of the Group in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (ICAI) together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the r", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 13, "section": "For MRF LIMITED\n\\L:-~~", "subsection": ",\n.\n5. In preparing\nthe, standalone\nfinancial\nresults,\nthe Management\nand the Board of Directors are\nresponsible\nfor assessing\nthe Company's\nability to continue\nas a going concern, disclosing,\nas\napplicable, matters related to going concern and using the going concern basis of accounting unless\nthe Board of Directors either intends\nto liquidate\nthe Company\nor to cease operations,\nor has no\nrealistic alternative but to do so.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4ca96ccedaffe35a"}, {"chunk_id": "2e3ba2e4598599a6", "content": "issued by the Institute of Chartered Accountants of India (ICAI) together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the r Act, and the Rules thereunder, and we have fulfilled our other ethical responsibilities in acc~afl; ;.~these 'cqnirements end the leA!:s Code of Ethics.Webelieve that the audit eVidenc(r~) M M NISSIM & CO. LLP Chartered Accountants, Barodawala Mansion B-Wing, 3rd Floor 81, Dr Annie Besant Road, Worli MUMBAI-400 018 SASTRI & SHAH Chartered Accountants, \"LEELA VATI\" 98, Armenian Street CHENNAI- 600001., by us along with the consideration of audit report of the other auditors' referred to in \"Other Matters\" paragraph below, is sufficient and appropriate to provide a basis for our opinion. Management's Responsibilities for the Consolidated Financial Results 4. This statement, which includes Consolidated Financial Results, is the responsibility of the Holding Company's Board of Directors and has been approved by them for issuance. The statement has been prepared on the basis of the Consolidated Financial Statements for the quarter and year ended 31st March 2025. This responsibility includes preparation and presentation of the Consolidated Financial Results that give a true and fair view of the consolidated net profit and consolidated total comprehensive income and other financial information of the Group in accordance with' the recognition and measurement principles laid down in Ind AS prescribed under Section 133 of the", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 13, "section": "For MRF LIMITED\n\\L:-~~", "subsection": ",\n.\n5. In preparing\nthe, standalone\nfinancial\nresults,\nthe Management\nand the Board of Directors are\nresponsible\nfor assessing\nthe Company's\nability to continue\nas a going concern, disclosing,\nas\napplicable, matters related to going concern and using the going concern basis of accounting unless\nthe Board of Directors either intends\nto liquidate\nthe Company\nor to cease operations,\nor has no\nrealistic alternative but to do so.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4ca96ccedaffe35a"}, {"chunk_id": "f3349a165508a5d3", "content": "net profit and consolidated total comprehensive income and other financial information of the Group in accordance with' the recognition and measurement principles laid down in Ind AS prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 and 52 of the Listing Regulations. The respective Management and Board of Directors of the companies included in the Group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of each company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the . consolidated financial results by the Management, and the Board of Directors of the Holding Company, as aforesaid.", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 13, "section": "For MRF LIMITED\n\\L:-~~", "subsection": ",\n.\n5. In preparing\nthe, standalone\nfinancial\nresults,\nthe Management\nand the Board of Directors are\nresponsible\nfor assessing\nthe Company's\nability to continue\nas a going concern, disclosing,\nas\napplicable, matters related to going concern and using the going concern basis of accounting unless\nthe Board of Directors either intends\nto liquidate\nthe Company\nor to cease operations,\nor has no\nrealistic alternative but to do so.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4ca96ccedaffe35a"}, {"chunk_id": "b957858c54261e99", "content": "5. In preparing the consolidated financial results, the respective Management and Board of Directors of the companies included in the Group are responsible for assessing the ability of each company to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so. 6. The respective Board of Directors of the companies jncluded in the Group are responsible for overseeing the financial reporting process of each company. Auditor's Responsibilities for the Audit of the Consolidated Financial Results 7. Our objectives are to obtain reasonable assurance about whether the consolidated financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial results. 8. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 13, "section": "For MRF LIMITED\n\\L:-~~", "subsection": ",\n.\n5. In preparing\nthe, standalone\nfinancial\nresults,\nthe Management\nand the Board of Directors are\nresponsible\nfor assessing\nthe Company's\nability to continue\nas a going concern, disclosing,\nas\napplicable, matters related to going concern and using the going concern basis of accounting unless\nthe Board of Directors either intends\nto liquidate\nthe Company\nor to cease operations,\nor has no\nrealistic alternative but to do so.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ae0f877707816a60"}, {"chunk_id": "594a7e7c6361a510", "content": "• Identify and assess the risks of material misstatement of the consolidated financiaye~ult..s, vhether due LO fraud 0\" e....or desizn ~_..l perform audit prcced ..··E~resconsi ..e LO Ll.0Ui·\"-1..-~ r>1)('~~ l l H u o, L LL L, C\"'LOH cu.lu t'CLL UH au II L UL '\" L \"'t'VH LV l lLl o ~L\"''''''' M M NISSIM & CO. LLP Chartered Accountants, Barodawala Mansion B-Wing, 3rd Floor 81, Dr Annie Besant Road, Worli MUMBAI-400 018 SASTRI & SHAH Chartered Accountants, \"LEELA VAT1\" 98, Armenian Street CHENNAI - 600001., and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (i) of the Act, we.are also responsible for expressing our opinion through a separate report on the complete set of financial statements on whether the Group has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates by the Management and the Board of Directors. • Evaluate the appropriateness and the reasonableness of disclosures made by the Management", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 14, "section": "•\nIdentify\nand assess the risks of material\nmisstatement\nof the consolidated\nfinanciaye~ult..s,\nvhether\ndue\nLO fraud\n0\" e....or desizn\n~_..l perform\naudit prcced ..··E~resconsi\n..e LO Ll.0Ui·\"-1..-~\nr>1)('~~\nl\nl\nH\nu o,\nL\nLL\nL,\nC\"'LOH\ncu.lu\nt'CLL\nUH\nau\nII\nL\nUL\n'\"\nL\n\"'t'VH\nLV\nl\nlLl\no\n~L\"'''''''", "subsection": ",\n.\n5. In preparing\nthe, standalone\nfinancial\nresults,\nthe Management\nand the Board of Directors are\nresponsible\nfor assessing\nthe Company's\nability to continue\nas a going concern, disclosing,\nas\napplicable, matters related to going concern and using the going concern basis of accounting unless\nthe Board of Directors either intends\nto liquidate\nthe Company\nor to cease operations,\nor has no\nrealistic alternative but to do so.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c051f1d6a95d6735"}, {"chunk_id": "85e7e951639dca63", "content": "of accounting policies used and the reasonableness of accounting estimates by the Management and the Board of Directors. • Evaluate the appropriateness and the reasonableness of disclosures made by the Management and Board of Directors in terms of the requirements specified under Regulation 33 and 52 of the Listing Regulations. • Conclude on the appropriateness of the Management's and Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the statement or, if such disclosures are inadequate, t~ modify our opinion. Our conclusions are based on th~ audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group to cease to continue as a going concern. • Evaluate the overall presentation, structure and content of the consolidated financial results, including the disclosures, and whether the consolidated financial results represent the underlying transactions and events in a manner that achieves fair presentation. • Obtain sufficient appropriate audit evidence regarding the financial results of the entities within the Group to express an opinion on the consolidated financial results. We are responsible for the direction, supervision and performance", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 14, "section": "•\nIdentify\nand assess the risks of material\nmisstatement\nof the consolidated\nfinanciaye~ult..s,\nvhether\ndue\nLO fraud\n0\" e....or desizn\n~_..l perform\naudit prcced ..··E~resconsi\n..e LO Ll.0Ui·\"-1..-~\nr>1)('~~\nl\nl\nH\nu o,\nL\nLL\nL,\nC\"'LOH\ncu.lu\nt'CLL\nUH\nau\nII\nL\nUL\n'\"\nL\n\"'t'VH\nLV\nl\nlLl\no\n~L\"'''''''", "subsection": ",\n.\n5. In preparing\nthe, standalone\nfinancial\nresults,\nthe Management\nand the Board of Directors are\nresponsible\nfor assessing\nthe Company's\nability to continue\nas a going concern, disclosing,\nas\napplicable, matters related to going concern and using the going concern basis of accounting unless\nthe Board of Directors either intends\nto liquidate\nthe Company\nor to cease operations,\nor has no\nrealistic alternative but to do so.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c051f1d6a95d6735"}, {"chunk_id": "495d3a05d5528466", "content": "audit evidence regarding the financial results of the entities within the Group to express an opinion on the consolidated financial results. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the consolidated financial results of which we are the independent auditors. For the other entities included in the consolidated financial results, which has been audited by other auditors', such other auditor remain responsible for the direction, supervision and performance of the audit carried out by them. We remain solely responsible for our audit opinion. Our responsibilities in this regard are further described in para 9 of the section titled \"Other Matters\" in this audit report. We communicate with those charged with governance of the Holding Company and such other entities included in the consolidated financial results of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 14, "section": "•\nIdentify\nand assess the risks of material\nmisstatement\nof the consolidated\nfinanciaye~ult..s,\nvhether\ndue\nLO fraud\n0\" e....or desizn\n~_..l perform\naudit prcced ..··E~resconsi\n..e LO Ll.0Ui·\"-1..-~\nr>1)('~~\nl\nl\nH\nu o,\nL\nLL\nL,\nC\"'LOH\ncu.lu\nt'CLL\nUH\nau\nII\nL\nUL\n'\"\nL\n\"'t'VH\nLV\nl\nlLl\no\n~L\"'''''''", "subsection": ",\n.\n5. In preparing\nthe, standalone\nfinancial\nresults,\nthe Management\nand the Board of Directors are\nresponsible\nfor assessing\nthe Company's\nability to continue\nas a going concern, disclosing,\nas\napplicable, matters related to going concern and using the going concern basis of accounting unless\nthe Board of Directors either intends\nto liquidate\nthe Company\nor to cease operations,\nor has no\nrealistic alternative but to do so.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c051f1d6a95d6735"}, {"chunk_id": "bb072b983c563de3", "content": "{(I, ~ ..,. * F r J\" .n . 0 ~ -, ~':}{ jj} ~ -e<:_ , M M NISSIM & CO. LLP Chartered Accountants, Barodawala Mansion B-Wing, 3rd Floor 81, Dr Annie Besant Road, Worli MUMBAI-400 018 SASTRI & SHAH Chartered Accountants, \"LEELA VATI\" 98, Armenian Street CHENNAI-600 001., We also performed pracedures in accordance with the circular No CIR/CFD/CMD1/44/2019 issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable. 9. The consolidated financial results include the audited financial results of three Subsidiaries, whose . , financial statements reflect total assets of Rs. 467.86 Crores, total revenue of Rs.132.25 Crares and Rs. 493.01 Crares, total net prafit after tax of Rs. 14.23 Crores and Rs. 46.60 Crares and net cash inflow Rs.59.42 Crares for the quarter and year ended 31st March 2025, respectively, as considered in the consolidated financial results, which has been audited by their independent auditor. The independent auditors' report on financial statements of these entities have been furnished to us by the management and our opinion on the consolidated financial results, in so far as it relates to the amounts and disclosures included in respect of these entities, is based solely on the report of such auditor and the procedures performed by us are as stated in paragraph above. Our opinion on the consolidated financial results is not modified in respect of the above matter with respect to our reliance on the work done and the report of the other auditors.", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 15, "section": "{(I,\n~\n..,.\n*\nF\nr\nJ\"\n.n\n.\n0\n~\n-, ~':}{ jj}\n~ -e<:_\n,", "subsection": ",\n.\n5. In preparing\nthe, standalone\nfinancial\nresults,\nthe Management\nand the Board of Directors are\nresponsible\nfor assessing\nthe Company's\nability to continue\nas a going concern, disclosing,\nas\napplicable, matters related to going concern and using the going concern basis of accounting unless\nthe Board of Directors either intends\nto liquidate\nthe Company\nor to cease operations,\nor has no\nrealistic alternative but to do so.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9fd78d7e5f7eae00"}, {"chunk_id": "b0e192e35ec4cd7d", "content": "above. Our opinion on the consolidated financial results is not modified in respect of the above matter with respect to our reliance on the work done and the report of the other auditors. 10.The consolidated financial results include the results for the quarter ended 31st March 2025 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review by us. For M M NISSIM & CO. LLP Chartered Accountants (Reg.No.107122W / WI00672) For SASTRI & SHAH Chartered Accountants (Reg.N 0.003643S)", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 15, "section": "{(I,\n~\n..,.\n*\nF\nr\nJ\"\n.n\n.\n0\n~\n-, ~':}{ jj}\n~ -e<:_\n,", "subsection": ",\n.\n5. In preparing\nthe, standalone\nfinancial\nresults,\nthe Management\nand the Board of Directors are\nresponsible\nfor assessing\nthe Company's\nability to continue\nas a going concern, disclosing,\nas\napplicable, matters related to going concern and using the going concern basis of accounting unless\nthe Board of Directors either intends\nto liquidate\nthe Company\nor to cease operations,\nor has no\nrealistic alternative but to do so.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9fd78d7e5f7eae00"}, {"chunk_id": "804fc44a922678da", "content": "(N KASHINATH) Partner (CRKUMAR) Partner M.No.026143 --- UDIN:25026143BMIXEP5950 Chennai 7thMay, 2025 MRF LIMITED Regd.Office: 114, Greams Road, Chennai - 600 006 CIN: L25111TN1960PLC004306; Website: www.mrftyres.com; Emaii: mrfshare@mrfmaiJ.com; Ph: 044·28292777 FAX: 28290562 Rs.Crores Statement of Audited Consolidated Financial Results for the Quarter and Year ended 31st March,2025 PARTICULARS 31.03.2025 31.12.2024 31.03.2024 31.03.2025 31.03.2024 Quarter ended Year ended Audited Unaudited Audited Audited Audited (Refer Note 3) (Refer Note 3) I Revenue from Operations 7,074.82 7,000.82 6,349.36 28,153.18 25,169.21 III Totallncome( I + II ) 7,187.60 7,098.90 6,443.17 28,561.29 25,486.05 II Other Income 112.78 98.08 93.81 408.11 316.84 a) Cost of materials consumed 4,720.48 4;656.10 3,923.04 18,487.98 15,243.20 b) Purchase of stock-in-trade 7.00 7.04 6.22 28.45 22.15 d) Employee benefits expense 470.86 478.95 480.85 1,885.14 1,798.16 c) Changes in inventories of finishea goods, Stock-in-trade and work-in-proqress (244.05) (28.48) (85.19) (590.31 ) (184.32) e) Finance costs 97.93 93.65 93.25 360.03 353.01 f) Depreciation and amortisation expense 432.75 414.99 385.25 1,653.55 1,429.97 g) Other expenses 1,041.90 1,052.47 1,112.41 4,257.45 4,036.46 Total expenses(IV) 6,526.87 6,674.72 5,915,83 26,082,29 22,698.63 VI Exceptional Items - - - V Profit before Exceptional Items and Tax ( III-IV) 660.73 424.18 527,34 2,479,00 2,787.42 VII Profit before Tax 660.73 424.18 527.34 2,479.00 2,787.42 (1) Current Tax 165.73 89.64 101.80 608.45 631.61", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 16, "section": "(N KASHINATH)\nPartner\n(CRKUMAR)\nPartner\nM.No.026143\n---\nUDIN:25026143BMIXEP5950\nChennai\n7thMay, 2025", "subsection": ",\n.\n5. In preparing\nthe, standalone\nfinancial\nresults,\nthe Management\nand the Board of Directors are\nresponsible\nfor assessing\nthe Company's\nability to continue\nas a going concern, disclosing,\nas\napplicable, matters related to going concern and using the going concern basis of accounting unless\nthe Board of Directors either intends\nto liquidate\nthe Company\nor to cease operations,\nor has no\nrealistic alternative but to do so.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "65324774c702609c"}, {"chunk_id": "e956eed4bdf096eb", "content": "(2) Deferred Tax . (17.11) 19.08 29.43 . 1.26 74,58 IX Profit for the period from Continuing Operations ( VII - VIII) 512.11 315.46 396.11 1,869.29 2,081.23 X Other Comprehensive Income( OCI) A) Items that will not be reclassified to profit or loss,net of tax (4.18) 3.72 (24.53) (1.68) (38,21 ) B) Items that will be reclassified to profit or loss,net of tax (15.19) 11.10 (1.05) 2.69 26.54 XI Total Comprehensive Income for Ihe year attribulable to: Owners of the Company 492.74 330.27 370.52 1,870.29 2,069.55 Non Controlling Interest - 0.01 0.01 0.01 0.01 XII Paid up Equity Share Capital ( Face Value of RS.101- each) 4,24 4.24 4.24 4.24 4.24 XIII Paid up Debt Capital 150.00 150,00 150.00 150.00 150.00 XIV Earnings Per Share of RS.101- each (not annualised): Basic (Rs. Per Share) 1,207.48 743,80 933,97 4,407.51 4,907,24 xv Other Equity excluding Revaluation Reserve - - 18,484.22 16,698.75 Diluled (Rs. Per Share) ~ 1,207.48 743.80 933.97 4,407.51 4,907.24 See accompanying Notes to the financial results Consolidated Statement of Assets and Liabilities Rs.Crores Consolidated As at As at Particulars 31.03.2025 31.03.2024 Audited Audited ASSETS (1) Non-Current Assets (a) Property, Plant and Equipment 12,349.11 11,262.22 (b) Capital Work-in-Progress 1,168.63 2,384.53 (c) Right of Use Assets 850.34 758.26 (d) Other Intangible Assets 21.33 25.74 (i) Investments ~,134.82 1,12099 (e) Non Current Tax Asset(Net) 34052 354.49 (iii) Other financial assets 31.59 28.66 (f) Other non-current assets 266.58 360.82 (2) Current Assets (a) Inventories 5,624.78 4,468.58 (i) Investments 3,413.42 2,261.98 (ii) Trade Receivables 3,370.25 2,911.96 (iii) Cash and cash Equivalents 370.64 303.07 (iv)Bank balances other than Cash and Cash Equivalents 5.85 42.31", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 17, "section": "(2) Deferred\nTax\n.\n(17.11)\n19.08\n29.43\n.\n1.26\n74,58", "subsection": ",\n.\n5. In preparing\nthe, standalone\nfinancial\nresults,\nthe Management\nand the Board of Directors are\nresponsible\nfor assessing\nthe Company's\nability to continue\nas a going concern, disclosing,\nas\napplicable, matters related to going concern and using the going concern basis of accounting unless\nthe Board of Directors either intends\nto liquidate\nthe Company\nor to cease operations,\nor has no\nrealistic alternative but to do so.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "12a50dad7a5222aa"}, {"chunk_id": "b440c5f2bd2cbc81", "content": "EQUITY AND LIABILITIES . . Equity (c) Other current assets 413.79 365.16 TOTAL ASSETS 29,566.99 26,849.43 (a) Equity Share Capital 4.24 4.24 Non Controlling Interest 0.18 0.17 Total Equity 18488.64 16,703.16 Liabilities (1) Non-Current Liabilities (b) Other Equity 18,484.22 16,698.75 (a) Financial liabilities (i) Borrowings 374.43 724.11 (ii) Lease liability 755.31 655.19 (b) Provisions 285.29 259.69 (c) Deferred Tax liabilities (Net) 462.39 461.97 (d) Other non-current liabilities 241.36 335.28 (2) Current Liabilities (a) Financial liabilities (i) Borrowings 2,530.47 1,351.01 (iii) Trade Payables: (ii) Lease liability 110.95 91.19 (A) total outstanding dues of micro enterprises and Small enterprises 37.74 32.77 (B) total outstanding dues of creditors other than micro enterprises and Small enterprises 2,784.26 2,620.01 (b) Other Current liabilities 2,754.17 2,652.77 (iv) Other Financial Liabilities 391.31 510.92 (c) Provisions 344.37 447.05 (d) Current Tax liabilities (Net) 6.30 4.31 1>- Total Liabilities 11,078.35 10,146.27 AUDITED CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH, 2025 31st March 2025 31st March 2024 A. CASH FLOW FROM OPERATING ACTIVITIES: NET PROFIT BEFORE TAX 2,479.00 2,787.42 Adjustment for: Depreciation 1,653.55 1,429.97 Reversal of Impairment of Assets I Financial Assets (0.90) (0.56) Unrealised Exchange (Gain) I Loss (0.33) (125) Provision for Impairment of Assets( other than Financial Assets) 4.59 Impairment of Financial Assets 1.58 1.10 'Finance Cost 36003 353.01 Government Grant (1.55) (1.52) Interest Income (112.06) (103.76) Dividend Income (0.15) (0.26) Loss I (Gain) on Sale I Disposal of Property, Plant and Equipment", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 18, "section": "EQUITY AND LIABILITIES\n.\n.\nEquity", "subsection": ",\n.\n5. In preparing\nthe, standalone\nfinancial\nresults,\nthe Management\nand the Board of Directors are\nresponsible\nfor assessing\nthe Company's\nability to continue\nas a going concern, disclosing,\nas\napplicable, matters related to going concern and using the going concern basis of accounting unless\nthe Board of Directors either intends\nto liquidate\nthe Company\nor to cease operations,\nor has no\nrealistic alternative but to do so.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "764e8bdde57f6db7"}, {"chunk_id": "c52b1d9cabfeed65", "content": "Assets) 4.59 Impairment of Financial Assets 1.58 1.10 'Finance Cost 36003 353.01 Government Grant (1.55) (1.52) Interest Income (112.06) (103.76) Dividend Income (0.15) (0.26) Loss I (Gain) on Sale I Disposal of Property, Plant and Equipment 2.44 10.68 Fair x/alue changes in Investments (225.73) (159.57) Fair Value changes in Financial Instruments '18.65 31.51 Loss I (Gain) on Sale of Investments (3.54) (0.64) Bad debts written off 0.15 1,692.14 0.29 1,563.59 OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES 4,171.14 4,351.01 Trade receivables (463.01) (40861) Other receivables (6585) (97.68) Inventories - Finished Goods (46177) (117.72) Inventories - Raw materials and Others (694.43) (20981) Trade Payable Provisions (80.23) 218.56 Other liabilities (119.17) (1,71085) 74.06 (325.43) CASH GENERATED FROM OPERATIONS 2,460.29 4,025.58 - Import acceptance and Others 173.61 215.77 NET CASH FROM OPERATING ACTIVITIES 1,867.80 3,303.36 Direct Taxes paid (592.49) (722.22) B. CASH FLOW FROM INVESTING ACTIVITIES Purchase of Property,Plant and Equipment (1,308.17) (2,163.50)", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 18, "section": "EQUITY AND LIABILITIES\n.\n.\nEquity", "subsection": ",\n.\n5. In preparing\nthe, standalone\nfinancial\nresults,\nthe Management\nand the Board of Directors are\nresponsible\nfor assessing\nthe Company's\nability to continue\nas a going concern, disclosing,\nas\napplicable, matters related to going concern and using the going concern basis of accounting unless\nthe Board of Directors either intends\nto liquidate\nthe Company\nor to cease operations,\nor has no\nrealistic alternative but to do so.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "764e8bdde57f6db7"}, {"chunk_id": "049dd07c784a9047", "content": "Proceeds from sale of Property,Plant and Equipment 13.63 1.18 Purchase of Investments (2,887.86) (445.98) Proceeds from sale of Investments 1,962.00 316.31 Fixed Deposits Others - piaced . (288.00) Fixed Deposits Others - Proceeds 144.00 Fixed Deposits with Banks - Placed (3761) Fixed Deposits with Banks - Proceeds 37.57 0.06 Loans (Financial assets) - given (27.67) (2810) Loans (Financial assets) - repaid 24.13 21.51 Interest Income 103.89 97.83 Dividend income 0.15 0.26 NET CASH USED IN INVESTING ACTIVITIES (2,082.33) (2,382.04) C. CASH FLOW FROM FINANCING ACTIVITIES (Repayments) I Proceeds from Working Capital Facilities (Net) 919.51 (202.55) Repayment of Term Loans (100.00) (150.00) Government Grant 1.55 1.52 Deferred payment Credit (100) (088) Payment of Lease Liability (180.62) (152.46) NET CASH FROM FINANCING ACTIVITIES 282.00 (868.22) Interest paid (272.62) (28963) Dividend paid (84.82) (74.22) NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 67.47 53.10", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 18, "section": "Proceeds\nfrom sale of Property,Plant\nand Equipment\n13.63\n1.18\nPurchase\nof Investments\n(2,887.86)\n(445.98)\nProceeds\nfrom sale of Investments\n1,962.00\n316.31\nFixed Deposits\nOthers - piaced\n.", "subsection": ",\n.\n5. In preparing\nthe, standalone\nfinancial\nresults,\nthe Management\nand the Board of Directors are\nresponsible\nfor assessing\nthe Company's\nability to continue\nas a going concern, disclosing,\nas\napplicable, matters related to going concern and using the going concern basis of accounting unless\nthe Board of Directors either intends\nto liquidate\nthe Company\nor to cease operations,\nor has no\nrealistic alternative but to do so.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2d638d146a9f3787"}, {"chunk_id": "e2a6915d23082963", "content": "Note: The above Cash Flow Slatement has been prepared under the \"Indirect Method\" as set out in the Indian Accounting Standard (Ind AS-7) - Statement of Cash Flow. . . (1)The above consolidated financial results for the Quarter and Year ended 31st March,2025 were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 7th May, 2025. (2) The Statutory auditors have expressed an unmodified opinion on the above results. (3)The figures for the Quarters ended 31st March, 2025 and 31st March,2024 are the balancing figures between the audited figures in respect of the full financial year and the year-to-date figures upto the third Quarter of the Financial year. (4)These financial results have been prepared in accordance with the recognition and measurement principles laid down in the Ind AS prescribed under Section 133 of the Companies Act, 2013 read with the rules thereunder and in terms of SEBI Circular dated 5th JuIY,2016. (5) The group except for MRF Corp Ltd, is engaged in the manufacture of rubber products such as Tyre, Tubes, Flaps, Tread Rubber and / or dealing in Rubber and Rubber Chemicals. In the context of Ind-AS 108 operating segment are considered to constitute one single primary segment. MRF Corp Ltd is engaged in the manufacture of Speciality Coatings and its revenues, results and assets do not meet the criteria specified for reportable segment prescribed in the Ind-AS.", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 19, "section": "Note:\nThe above Cash Flow Slatement has been prepared under the \"Indirect Method\" as set out in the Indian Accounting Standard (Ind AS-7) - Statement of Cash Flow.\n.\n.", "subsection": ",\n.\n5. In preparing\nthe, standalone\nfinancial\nresults,\nthe Management\nand the Board of Directors are\nresponsible\nfor assessing\nthe Company's\nability to continue\nas a going concern, disclosing,\nas\napplicable, matters related to going concern and using the going concern basis of accounting unless\nthe Board of Directors either intends\nto liquidate\nthe Company\nor to cease operations,\nor has no\nrealistic alternative but to do so.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c1358e4975aeef5d"}, {"chunk_id": "c9cbaf19a3ffe8ac", "content": "MRF Corp Ltd is engaged in the manufacture of Speciality Coatings and its revenues, results and assets do not meet the criteria specified for reportable segment prescribed in the Ind-AS. The group's operations outside India do not exceed the quantitative threshold for. disclosure envisaged in the Ind-AS. Non-reportable segments have not been disclosed as unallocated reconciling item in view of their materiality. In view of the above, primary and secondary reporting disclosures for business/geographical segment are not applicable. (6)The figures for the previous periods have been regrouped wherever necessary.", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 19, "section": "Note:\nThe above Cash Flow Slatement has been prepared under the \"Indirect Method\" as set out in the Indian Accounting Standard (Ind AS-7) - Statement of Cash Flow.\n.\n.", "subsection": ",\n.\n5. In preparing\nthe, standalone\nfinancial\nresults,\nthe Management\nand the Board of Directors are\nresponsible\nfor assessing\nthe Company's\nability to continue\nas a going concern, disclosing,\nas\napplicable, matters related to going concern and using the going concern basis of accounting unless\nthe Board of Directors either intends\nto liquidate\nthe Company\nor to cease operations,\nor has no\nrealistic alternative but to do so.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c1358e4975aeef5d"}, {"chunk_id": "db4467687e4348bb", "content": "Place: Chennai Date: 7th May, 2025 RAHUL MAMMEN MAPPILLAI Managing Director DIN: 03325290 Other Disclosures: Consolidated Quarter Ended Year Ended (Audited) (Unaudited) (Audited) (Audited) (Audited) (a) Net worth (Rs. Crores) 18,488.64 17,997.17 16,703.16 18,488.64 16,703.16 Ratios: S.No. Particulars 31.03.2025 31.12.2024 31.03.2024 31.03.2025 31.03.2024 (a) Debt equity ratio (in times) 0.04 0.04 0.05 0.04 0.05 t.ono Term Debt/Shareholders Eouitvl Debt service coverage ratio (not annualised except for year end (b) March) 15.45 12.12 4.36 11.53 10.15 [EBITDA and exceptional item' (Interest Expenses + Prinicpal Repayments)] Interest service coverage ratio (in times) (not annualised except for (c) year end March) 15.51 12.16 13.00 15.67 15.39 Ir(EBITDA and exceptional item)' (Interest Exoenses)l (d) Current ratio (in times) 1.50 1.47 1.37 1.50 1.37 I(Current assets' Current liabilities) (e) Long term debt to working capital (in times) 0.17 0.18 0.30 0.17 0.30 Ill.onq term debt' workino capital] Bad debts to account receivable ratio (in %)(not annualised except (f) for year end March) - - 0.01% - 0.01% [Bad debts' Averaoe Trade Receivablesl (g) Current liability ratio (in %) 80.87% 78.98% 75.99% 80.87% 75.99% [Current liabilities' Totalliabilitiesl (h) Total debts to total assets ratio (in %) 9.87% 9.95% 7.79% 9.87% 7.79% Total debts' Total assetsl (i) Debtors turnover (in times) (annualised) 8.69 8.82 8.88 8.96 9.29 Net Credit Sales' Averace trade receivablesl", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 20, "section": "For MRF LIMITED\nb~~", "subsection": ",\n.\n5. In preparing\nthe, standalone\nfinancial\nresults,\nthe Management\nand the Board of Directors are\nresponsible\nfor assessing\nthe Company's\nability to continue\nas a going concern, disclosing,\nas\napplicable, matters related to going concern and using the going concern basis of accounting unless\nthe Board of Directors either intends\nto liquidate\nthe Company\nor to cease operations,\nor has no\nrealistic alternative but to do so.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0ea19ad99d9f4e19"}, {"chunk_id": "c6c4f04c8d6aabd7", "content": "Q) Inventory turnover (in times) (annualised) 4.77 5.03 5.43 6.99 5.34 Cost of sales' Averaqe inventorvl Operating margin (in %) (k) [(EBIT (Excl Other income and exceptional item)' Revenue from 9.13% 600% 8.30% 8.63% 11.22% Operationsl Net profit margin (in %) . . (I) I [Profit after tax' Totallncomel 7.12% 4.44% 6.15% 6.54% 8.17%", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 20, "section": "Q)\nInventory\nturnover\n(in times)\n(annualised)\n4.77\n5.03\n5.43\n6.99\n5.34\nCost of sales'\nAveraqe\ninventorvl\nOperating\nmargin\n(in %)\n(k)\n[(EBIT\n(Excl Other income\nand exceptional\nitem)'\nRevenue\nfrom\n9.13%\n600%\n8.30%\n8.63%\n11.22%\nOperationsl\nNet profit margin\n(in %)\n.\n.\n(I)", "subsection": ",\n.\n5. In preparing\nthe, standalone\nfinancial\nresults,\nthe Management\nand the Board of Directors are\nresponsible\nfor assessing\nthe Company's\nability to continue\nas a going concern, disclosing,\nas\napplicable, matters related to going concern and using the going concern basis of accounting unless\nthe Board of Directors either intends\nto liquidate\nthe Company\nor to cease operations,\nor has no\nrealistic alternative but to do so.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "940cd18810a91072"}, {"chunk_id": "92c47a1b5c1fb7f6", "content": "[TABLE] Company: MRF | Year: FY2026 | Section: ~--------~-- > Bombay Stock Exchange Ltd\nFloor 24 P J Towers\nDalal Street\nMumbai 400 001 | Page: 1\n\n|  |  |  | ~- | --- | -- | --~-- |  |\n|---|---|---|---|---|---|---|---|\n|  |  |  | MRF Li | mited, Regd. | Office: 1 | 14, Greams Road, Chennai | -600006. |\n|  |  |  | E-mail: | mrfshare@m | rfmail.com; | Tel.: 044-28292777; Fax | : 91-44-28295 |\n|  |  |  | CIN : L | 25111TN1960 | PLC00430 | 6 Website: www.mrftyres. | com |\n| 071 | /SH | /SE/BOARD/MA | Y-202 | 5/KGG/2 |  |  |  |\n| 07t | h M | ay, 2025 |  |  |  |  |  |\n| N | atio | nal Stock Exc | hange o | f India Ltd |  | Bombay Stock Exchange | Ltd |\n| E | xcha | nge Plaza 5th | Floor |  |  | Floor 24 PJ Towers |  |\n| Pl | ot | No.C/1 G Block | Bandra- | Kurla Com | plex | Dalal Street |  |\n| B | andr | a (E) Mumoai | 400 05 | 1 |  | Mumbai 400 001 |  |\n| De | ar S | ir, |  |  |  |  |  |\n| I |  | AUDITED FI | NANCIAL | RESULTSF | ORTHE | YEAR ENDED31ST MARCH | 2025 |\n| Ple | ase | refer our lette | r dated | 30th April, | 2025. |  |  |\n| Pur | sua | nt to the app | licable | regulations | of the S | EBI (Listing Obligations an | d Disclosure |\n| Re | quir | ements) Regu | lations,20 | 15, please | find the | following: |  |\n|  | 1. | Audited finan | cial resu | lts (standal | one and | consolidated) for the yea | r ended 31s |\n|  |  | March,2025 a | sapprove | d by the Bo | ard of Dir | ectors in the Board Meeting | held today. |\n|  |  | Declaration w | ith resp | ect to Audit | ors' Repo | rt with unmodified opinio | n is given in |\n|  |  | Audited financ | ial resul | ts. |  |  |  |\n|  | 2. | Auditors' Rep | ort for au | dited financ | ial result | s for both standalone and | consolidated |\n|  |  | for the year e | nded 3pt | March, 20 | 25. |  |  |\n|  | 3. | The Board of | Directors | have reco | mmended | a final dividend of Rs2 | 29/- (2290%) |\n|  |  | per share of | Rs.10 eac | h. The Com | pany has | already declared and paid | two interim |\n|  |  | dividends of | Rs.3/ - (3 | 0%) each pe | r share fo | r the financial year ended | 3pt March, |\n|  |  | 2025. The tot | al divide | nd for the | financial | year ended 3pt March 20 | 25 works out |\n|  |  | to Rs.235/- ( | 2350%) p | er share of | Rs.10 eac | h. |  |\n|  | 4. | Appointment | of Messrs | Elangovan | & Associa | tes, (FRN: P2025TN104500 | ), Practising |\n|  |  | Company Sec | retaries, | Chennai as | Secretari | al Auditors of the Compa | ny, based on |\n|  |  | the recommen | dation | of the audi | t committ | ee, for a period of five | consecutive |\n|  |  | years commen | cing fro | m FY 2025- | 26, subje | ct to approval of the sha | reholders of |\n|  |  | the Company | at the en | suing Annu | al General | Meeting. Brief detail of t | he aforesaid |\n|  |  | appointment i | s enclose | d. |  |  |  |", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 1, "section": "~--------~--", "subsection": "Bombay Stock Exchange Ltd\nFloor 24 P J Towers\nDalal Street\nMumbai 400 001", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "38f1869e3a9ebad4", "content": "[TABLE] Company: MRF | Year: FY2026 | Section: For MRF LIMITED\n~'~~fr\nS DHANVANTH\nKUMAR\nCOMPANY\nSECRETARY | Page: 2\n\n| The meet |\n|---|\n| concluded |\n| Kindly tak |\n| Thanking |\n| Yours faith |\n| For MRF |\n| ~ |\n| S DHANVA |\n| COMPANY |", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 2, "section": "For MRF LIMITED\n~'~~fr\nS DHANVANTH\nKUMAR\nCOMPANY\nSECRETARY", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "9d01106c5dbbf751", "content": "[TABLE] Company: MRF | Year: FY2026 | Section: For MRF LIMITED\n~'~~fr\nS DHANVANTH\nKUMAR\nCOMPANY\nSECRETARY > 3\nBrief Profile\n(in case of\nappointment)\nMessrs\nElangovan\n&\nAssociates,\n(FRN:\nP2025TN104500),\nPractising\nCompany\nSecretaries,\nChennai is a firm\nled by a team of\ntwo partners who are experienced\nand qualified\ncompany\nsecretaries.\nTheir\nexpertise\nincludes\nfocusing\non\nSecretarial\nAudit,\nSecretarial\nCompliance\nAudit,\netc.,\nOver the years, Messrs\nElangovan\n& Associates\nhave\nbuilt\na diverse\nclient\nbase serving\ncompanies\nspread\nacross\nseveral industries,\nlike Chemicals,\nreal estate,\nspinning mills, transport,\netc.,\n4\nDisclosure of\nrelationships\nbetween\ndirectors\n(in case of\nappointment\nof\na director) | Page: 3\n\n| S.No | Detai Is of Event | Particulars / informatio | n of such ev | ent |\n|---|---|---|---|---|\n| 1 | Reason for change: | Appointment of Messr | s Elangovan & | Associates, |\n|  | Appointment | (FRN: P2025TN104500 | ), Peer Review | ed Firm of |\n|  |  | Company Secretaries | in Practice as | Secretarial |\n| 2 | Date of appointment and | Auditors of the Compa The Board at its meeti | ny ng held on | May, 2025, |\n|  | term of appointment | approved the appointm | 7th ent of Messr | s Elangovan |\n|  |  | & Associates, (FR | N: P2025TN1 | 04500) as |\n|  |  | Secretarial Auditors, | for a perio | d of five |\n|  |  | consecutive years com | mencing from | FY2025-26, |\n|  |  | subject to approval o | f the sharehold | ers at the |\n|  |  | ensuing Annual Genera | l Meeting |  |\n| 3 | Brief Profile (in case of | Messrs Elangovan | & Associate | s, (FRN: |\n|  | appointment) | P2025TN104500), | Practising | Company |\n|  |  | Secretaries, Chennai i | s a firm led b | y a team of |\n|  |  | two partners who are | experienced a | nd qualified |\n|  |  | company secretaries. | Their expertis | e includes |\n|  |  | focusing on Secreta | rial Audit, | Secretarial |\n|  |  | Compliance Audit, etc | ., Over the ye | ars, Messrs |\n|  |  | Elangovan & Associat | es have built | a diverse |\n|  |  | client base serving | companies spr | ead across |\n|  |  | several industries, lik | e Chemicals, r | eal estate, |\n|  |  | spinning mills, transpo | rt, etc., |  |\n| 4 | Disclosure of | Not applicable |  |  |\n|  | relationships between |  |  |  |\n|  | directors (in case of |  |  |  |\n|  | appointment of |  |  |  |\n|  | a director) |  |  |  |", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 3, "section": "For MRF LIMITED\n~'~~fr\nS DHANVANTH\nKUMAR\nCOMPANY\nSECRETARY", "subsection": "3\nBrief Profile\n(in case of\nappointment)\nMessrs\nElangovan\n&\nAssociates,\n(FRN:\nP2025TN104500),\nPractising\nCompany\nSecretaries,\nChennai is a firm\nled by a team of\ntwo partners who are experienced\nand qualified\ncompany\nsecretaries.\nTheir\nexpertise\nincludes\nfocusing\non\nSecretarial\nAudit,\nSecretarial\nCompliance\nAudit,\netc.,\nOver the years, Messrs\nElangovan\n& Associates\nhave\nbuilt\na diverse\nclient\nbase serving\ncompanies\nspread\nacross\nseveral industries,\nlike Chemicals,\nreal estate,\nspinning mills, transport,\netc.,\n4\nDisclosure of\nrelationships\nbetween\ndirectors\n(in case of\nappointment\nof\na director)", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "aac4552355739565", "content": "[TABLE] Company: MRF | Year: FY2026 | Section: ~\nI\"'·\n\"\"\n~\nCr'/CM\n0\\\n\"\n~...tz\nf!!\n*1\nN'~'\"\n:!-\nr ~\nII\n-<\nI'\n,.\n,\"'\nv.\n~.\no~\n-\n<,\n~\n\";5\n,\n~E:DACCo\\S\n~I!\n~('\n~dA_\n~y | Page: 4\n\n|  | M | 1\\1NiSSIM & CO. | LLP |  |  |  | SASTRI & SHAH |  |\n|---|---|---|---|---|---|---|---|---|\n|  | Ch | artered Accountant | s, |  |  |  | Chartered Accounta | nts, |\n|  | Ba | rodawala Mansion |  |  |  |  | \"LEELA VATI\" |  |\n|  | B- | Wing, 3rd Floor |  |  |  |  | 98, Armenian Stree | t |\n|  | 8], | Dr Annie Besant | Road, Worli |  |  |  | CHENNAI - 600 0 | 01. |\n|  | M | UMBAI-400 0]8 |  |  |  |  |  |  |\n|  | IN | DEPENDENT | AUDITOR'S | REPOR | T ON | AUDIT O | F THE ANNUAL | STANQALONE |\n|  | FI | NANCIAL RES | ULTS OF MR | F LTD P | URSUA | NT TO THE | REQUIREMENT O | F REGULATIONS |\n|  | 33 | AND 52 OF | THE SEBI ( | LISTING | OBLIG | ATION AN | D DISCLOSURE | REQUIREMENTS) |\n|  | R | EGULATION 2 | 015, AS AME | NDED |  |  |  |  |\n|  | To |  |  |  |  |  |  |  |\n|  | Th | e Board of Dire | ctors, |  |  |  |  |  |\n|  | M | RFLTD. |  |  |  |  |  |  |\n|  | O | pinion |  |  |  |  |  |  |\n|  | 1. | We have audit | ed the accom | panying s | tatemen | t of Standalo | ne financial results | of MRF Ltd (\"the |\n|  |  | Company\") for | the quarter a | nd year en | ded 31 | st March, 2025 | (\"the Statement\"), | being submitted by |\n|  |  | the Company p | ursuant to the | requireme | nts of | Regulation 33 | and 52of the SEBI | (Listing Obligations |\n|  |  | and Disclosure | Requirements) | Regulatio | ns, 20 | 15as amended | (the \"Listing Regu | lations\"). |\n|  | 2. | In our opinion | and to the bes | t of our inf | ormatio | n and accord | ing to the explanatio | ns given to us, the |\n|  |  | statement: |  |  |  |  |  |  |\n|  |  | a) is presented | in accordanc | e with t | he requ | irements of | Regulation 33 and | 52 of the Listing |\n|  |  | Regulations; | and |  |  |  |  |  |\n|  |  | b) gives a true | and fair view | in confor | mity wi | th the recogni | tion and measurem | ent principles laid |\n|  |  | down in the | Indian Accou | nting Stan | dards ( | \"Ind AS\"), and | other accounting | principles generally |\n|  |  | accepted in | India, of the | net prof | it and | other compre | hensive income a | nd other financial |\n|  |  | information | of the Compan | y for the | quarter | and year end | ed 31stMarch 2025. |  |\n|  | Ba | sis for opinion |  |  |  |  |  |  |\n|  | 3. | We conducted | our audit in | accordance | with | the Standards | on Auditing (ISA | s\") specified under |\n|  |  | section 143(10) | of the Compa | nies Act, | 2013 (l | ithe Act\"). Ou | r responsibilities un | der those SAs are |\n|  |  | further describe | d in the Audit | or's Respo | nsibiliti | es for the Au | dit of the Standalon | e Financial Results |\n|  |  | section of our r | eport. We are | independe | nt of t | he Company, | in accordance with | the Code of Ethics |\n|  |  | issued by the | Institute of | Chartered | Accou | ntants of Ind | ia (ICAI) together | with the ethical |\n|  |  | requirements t | hat are relevan | t to our a | udit of | the standalone | financial results f | or the quarter and |\n|  |  | year ended 31st | March 2025u | nder the pr | ovision | s of the Act, a | nd the Rules thereu | nder, and we have |\n|  |  | fulfilled our oth | er ethical resp | onsibilities | in acco | rdance with t | hese requirements a | nd the ICAl's Code |\n|  |  | of Ethics. We b | elieve that th | e audit ev | idence | we have obta | ined, is sufficient | and appropriate to |\n|  |  | provide a basis | for our Audit | opinion. |  |  |  |  |\n|  | Ma | nagement's Re | sponsibilities | for the St | andalon | e Financial | Results |  |\n|  | 4. | This statement, | which includes | the stand | alone f | inancial result, | isthe responsibility | ofthe Company's |\n|  |  | Board of Directo | rs and has be | en approve | d by t | hem for issuan | ce. The statement | has been prepared |\n|  |  | on the basis of t | he Standalone | Financial | Stateme | nts for the qu | arter and year ende | d 31stMarch 2025. |\n|  |  | This responsibili | ty includes pr | eparation | and pre | sentation oft | he Standalone Finan | cial Results for the |\n|  |  | quarter and yea | r ended 31st | March 202 | 5 that g | ive a true and | fair view of the n | et profit and other |\n| /;:\"\" | Me | comprehensive asurement p | income and rinciples laid | other finan down in I | cial in nd AS | formation' in prescribed un | accordance with th der Section 133 of | e recognition and the Act, read with |\n| ~ .•/ ~ I\"' 0\\ \" :!- r | - &. · \"\" ~...t ~ I | am rules is ~ z -f<!! I | sued thereund | er and oth | er acco | unting princip | les generally accep | ted in In \"njl!lQin Cr'/CM *1 N'~'\" I' ,. ,\"' |", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 4, "section": "~\nI\"'·\n\"\"\n~\nCr'/CM\n0\\\n\"\n~...tz\nf!!\n*1\nN'~'\"\n:!-\nr ~\nII\n-<\nI'\n,.\n,\"'\nv.\n~.\no~\n-\n<,\n~\n\";5\n,\n~E:DACCo\\S\n~I!\n~('\n~dA_\n~y", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "f8d0acde18adba18", "content": "[TABLE] Company: MRF | Year: FY2026 | Section: ~\nI\"'·\n\"\"\n~\nCr'/CM\n0\\\n\"\n~...tz\nf!!\n*1\nN'~'\"\n:!-\nr ~\nII\n-<\nI'\n,.\n,\"'\nv.\n~.\no~\n-\n<,\n~\n\";5\n,\n~E:DACCo\\S\n~I!\n~('\n~dA_\n~y > ,\n.\n5. In preparing\nthe, standalone\nfinancial\nresults,\nthe Management\nand the Board of Directors are\nresponsible\nfor assessing\nthe Company's\nability to continue\nas a going concern, disclosing,\nas\napplicable, matters related to going concern and using the going concern basis of accounting unless\nthe Board of Directors either intends\nto liquidate\nthe Company\nor to cease operations,\nor has no\nrealistic alternative but to do so. | Page: 5\n\n| M | M NISSIM & co. LL | P |  |  |  | SASTRI & S | HAH |  |\n|---|---|---|---|---|---|---|---|---|\n| Ch | artered Accountants, |  |  |  |  | Chartered Acc | ountants, |  |\n| Ba | rodawala Mansion |  |  |  |  | \"LEE LAVAT | I\" |  |\n| B- | Wing, 3'd Floor |  |  |  |  | 98, Armenian | Street |  |\n| 81 | , Dr Annie Besant Roa | d, Worli |  |  |  | CHENNAI - | 600001. |  |\n| M | UMBAI-400 018 |  |  |  |  |  |  |  |\n|  | compliance with | Regulation | 33 and 52 | of the Listi | ng Regulatio | ns. This resp | onsibility | also.includes |\n|  | maintenance of a | dequate a | ccounting | records in | accordance | with the pr | ovisions o | f the Act for |\n|  | safeguarding of t | he assets | of the Co | mpany and | for preventi | ng and dete | cting frau | ds and other |\n|  | irregularities; sele | ction and | application | of appropri | ate account | ing policies; | making ju | dgments and |\n|  | estimates that are | reasonabl | e and pru | dent; and t | he design, | implementatio | n and m | aintenance of |\n|  | adequate internal | financial | controls, th | at were ope | rating effec | tively for ens | uring the | accuracy and |\n|  | -completeness of | the accou | nting reco | rds, relevan | t to the p | reparation a | nd presen | tation of the |\n|  | standalone financi | al results | that give a | true and fa | ir view and | are free from | material | misstatement, |\n|  | whether due to fra | ud or erro | r. |  | . |  |  |  |\n| 5. | , In preparing the, | standalone | financial | results, th | e Manageme | nt and the | Board of | Directors are |\n|  | responsible for as | sessing th | e Compan | y's ability | to continue | as a going | concern, | disclosing, as |\n|  | applicable, matters | related to | going co | ncern and us | ing the goin | g concern ba | sis ofacco | unting unless |\n|  | the Board of Dire | ctors eithe | r intends | to liquidate | the Compan | y or to ceas | e operatio | ns, or has no |\n|  | realistic alternative | but to do | so. |  |  |  |  |  |\n| 6. | The Board of Direc | tors are re | sponsible | for overseei | ng the Com | pany's financ | ial reporti | ng process. |\n| Au | ditor's Responsibil | ities for | the Audit | of the Stand | alone Finan | cial Results |  |  |\n| 7. | Our objectives are | to obtain | reasonable | assurance a | bout wheth | er the standal | one finan | cial results as |\n|  | awhole are free fr | om materia | l misstate | ment, wheth | er due tofr | aud or error, | and to issu | e an auditor's |\n|  | report that include | s our opi | nion. Reas | onable assu | rance is a | high level of | assurance, | but is not a |\n|  | guarantee that- a | n audit c | onducted | in accordan | ce with S | As will- alw | ays detec | t a material |\n|  | misstatement when | itexists. | Misstateme | nts can aris | e from fraud | orerror and | are consid | ered material |\n|  | if, individually or | in the agg | regate, th | ey could rea | sonably be | expected to | influence | the economic |\n|  | decisions ofusers | taken on t | he basis of | these standa | lone financ | ial results. |  |  |\n| 8. | As part of.an aud | it in acco | rdance w | ith SAs, we | exercise p | rofessional j | udgment | and maintain |\n|  | professional skepti | cism throu | ghout the | audit. We a | lso: |  |  |  |\n|  | • Identify and ass | ess the ris | ks ofmater | ial misstatem | ent ofthe | standalone fi | nancial res | ults, whether |\n|  | due to fraud or | error, desi | gn and per | form audit | procedures | responsive to | those risk | s, and obtain |\n|  | audit evidence | that is suff | icient and | appropriate | to provide | a basis for o | ur opinio | n. The risk of |\n|  | not detecting a | material m | isstatemen | t resulting | from fraud | is higher than | for one r | esulting from |\n|  | error, as fraud | may involv | e collusio | n, forgery, i | ntentional o | missions, mi | srepresenta | tions, or the |\n|  | override of inter | nal contro | l. |  |  |  |  |  |\n|  | • Obtain an unde | rstanding | of intern | al control r | elevant to | the audit in | order to | design audit |\n|  | procedures that | are appro | priate in t | he circumsta | nces. Under | Section 143 | (3)(i)of th | e Act, we are |\n|  | also responsible | for expre | ssing our | opinion thr | ough a sep | arate report | on the co | mplete set of |\n|  | financial statem | ents on | whether th | e company | has adequa | te internal | financial | controls with |\n|  | reference to fina | ncial state | ments in p | lace and the | operating | effectiveness | ofsuch co | ntrols. |\n|  | • Evaluate the ap estimates made | propriatene by the Ma | ss of acc nagement | ounting poli and the Boa | cies used a rd of Direct | nd the reason ors. | ableness | of accounting |", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 5, "section": "~\nI\"'·\n\"\"\n~\nCr'/CM\n0\\\n\"\n~...tz\nf!!\n*1\nN'~'\"\n:!-\nr ~\nII\n-<\nI'\n,.\n,\"'\nv.\n~.\no~\n-\n<,\n~\n\";5\n,\n~E:DACCo\\S\n~I!\n~('\n~dA_\n~y", "subsection": ",\n.\n5. In preparing\nthe, standalone\nfinancial\nresults,\nthe Management\nand the Board of Directors are\nresponsible\nfor assessing\nthe Company's\nability to continue\nas a going concern, disclosing,\nas\napplicable, matters related to going concern and using the going concern basis of accounting unless\nthe Board of Directors either intends\nto liquidate\nthe Company\nor to cease operations,\nor has no\nrealistic alternative but to do so.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "0581f10f0d5b95b7", "content": "[TABLE] Company: MRF | Year: FY2026 | Section: ~-~7;\n-\n(N KASHINATH)\nPartner\n.\n\\\nM.No.036490\nUDIN: 25036490BMFZMB780\nChennai\nl\n7thMay, 2025 | Page: 6\n\n| M | MNISSI | M & CO. L | LP |  |  |  | SASTRl & | SHAH |  |\n|---|---|---|---|---|---|---|---|---|---|\n| Cha | rtered A | ccountants, |  |  |  |  | Chartered A | ccountants, |  |\n| Bar | odawala | Mansion |  |  |  |  | \"LEE LAV | ATI\" |  |\n| B- | Wing, 3rd | Floor |  |  |  |  | 98, Armenia | n Street |  |\n| 81, | Dr Anni | e Besant Ro | ad, Worli |  |  |  | CHENNAI | ~ 600001. |  |\n| MU | MBAI-4 | 00 018 |  |  |  |  |  |  |  |\n|  | • Eva | luate the | appropriaten | ess | and the rea | sonableness | of disclosures m | ade by the | Management |\n|  | and | the Board | of Director | s in | terms of the | requiremen | ts specified unde | r Regulation | 33 and 52 of |\n|  | the | Listing Re | gulations. |  |  |  |  |  |  |\n|  | • Con | clude on | the appropr | iaten | ess of the | Managemen | t's and the Boar | d of Directo | rs use of the |\n|  | goin | g concern | basis of ac | count | ing and, ba | sed on the | audit evidence obt | ained, wheth | er amaterial |\n|  | 'unc | ertainty ex | ists related | to e | vents or con | ditions that | may cast significa | nt doubt on | the ability of |\n|  | the | Company | to continue | as | a going conc | ern. If we | conclude that a m | aterial uncer | tainty exists, |\n|  | we | are requir | ed to draw | att | ention in o | ur auditor's | report to the r | elated disclo | sures in the |\n|  | state | ment or, | if such dis | closu | res are ina | dequate, to | modify our opin | ion. Our co | nclusions are |\n|  | base | d on the | audit evide | nce | obtained up | to the dat | e of our auditor's | report. How | ever, future |\n|  | even | ts or cond | itions may | caus | e the Comp | any to ceas | e to continue as a | going concer | n. |\n|  | • Eva | luate the | overall pre | senta | tion, struct | ure and c | ontent of the stan | dalone fina | ncial results, |\n|  | incl | uding the | disclosures, | and | whether th | e standalone | financial results | represent th | e underlying |\n|  | tran | sactions a | nd events i | n a m | anner that | achieves fai | r presentation. |  |  |\n|  | • Obta | in sufficie | nt appropri | ate | audit evide | nce regardi | ng the Standalone | Financial R | esults of the |\n|  | Com | pany to e | xpress an o | pinio | n on the Sta | ndalone Fi | nancial Results. |  |  |\n| We | comm | unicate w | ith those c | harge | d with gov | ernance reg | arding, among o | ther matters, | the planned |\n| sco | pe and | timing of | the audit | and s | ignificant a | udit finding | s, including any | significant d | eficiencies in |\n| inte | rnal c | ontrol that | we identify | dur | ing our aud | it. |  |  |  |\n| We | also p | rovide tho | se charged | with | governance | with a stat | ement that we hav | e complied | with relevant |\n| ethi | cal req | uirements | regarding | inde | pendence, | and to com | municate with th | em all relati | onships and |\n| oth | er matt | ers that | may reasona | bly | be thought | to bear on | our independence | , and wher | e applicable, |\n| rela | ted saf | eguards. |  |  |  |  |  |  |  |\n| Oth | er Ma | tters |  |  |  |  |  |  |  |\n| 9. | The sta | ndalone fi | nancial res | ults i | nclude the r | esults for t | he quarter ended | 31stMarch 2 | 025being the |\n|  | balanci | ng figure | between the | aud | ited figures | in respect | of the full financia | l year and t | he published |\n|  | unaudit | ed year to | date figure | s up | to the third | quarter oft | he current financia | l year which | were subject |\n|  | to limit | ed review | by us. |  |  |  |  |  |  |\n| For | M M | NISSIM & | CO. LLP |  |  |  | For SASTRI & SH | AH |  |\n| Cha | rtered | Accountan | ts |  |  |  | Chartered Accoun | tants |  |\n| (Re | g.No.10 | 7122W / | WI00672) |  |  |  | (Reg.No.003643S) |  |  |\n|  | -~ | 7; |  | - |  |  |  |  |  |\n| (N | KASHI | NATH) |  |  |  |  | (CRKUMAR) |  |  |\n| Part | ner |  | . | \\ |  |  | Partner |  |  |\n| M.N UDI | o.0364 N: 250 | 90 36490BMF | ZMB780 |  |  |  | M.No.026143 UDIN: 25026143B | MIXE05004 |  |\n| Che | nnai |  | l |  |  |  | Chennai |  |  |\n| 7th | May, 20 | 25 |  |  |  |  | 7thMay, 2025 |  |  |", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 6, "section": "~-~7;\n-\n(N KASHINATH)\nPartner\n.\n\\\nM.No.036490\nUDIN: 25036490BMFZMB780\nChennai\nl\n7thMay, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "3068b1304e8b0fc9", "content": "[TABLE] Company: MRF | Year: FY2026 | Section: (2) Deferred\nTax\n.\n(17.27)\n19.08\n28.65\n(0.51)\n73.42 | Page: 7\n\n|  |  | State PARTI | MRF Regd.Office: 114,Grea CIN:L25111TN1960PLC004306; Website:www.mrftvres.com ment ofAudited Standalone Financial Res CULARS | LIMITED ms Road,Che ; Email:mrfshare@ ults fortheQu Q 31.03.2025 Audited | nnai -600006 mrfmail.com; Ph:044-2 arter andYear e uarter ended 31.12.2024 | 8292777FAX:28290562 nded 31st March,2025 31.03.2024 31. Audited | Year ended 03.2025 | Rs.Crore 31.03.2024 |\n|---|---|---|---|---|---|---|---|---|\n| I II III IV | Revenue from Oper Other Income Totallncome( I+II Expenses a)Costofmaterials b)Purchase ofstock c)Changes ininvent d)Employee benefits e)Finance costs | ations ) consumed -in-trade ories offinished go expense | (R ods, Stock~in-trade and work-ln-proqress | efer Note 3) 6,943.84 111.46 7,055.30 4,679.74 6.97 (247.61) 458.85 78.19 | Unaudited (R 6,883.17 96.60 6,979.77 4,634.06 6.73 (37.35) 465.02 71.09 | A efer Note 3) 6,215.05 92.35 6,307.40 3,871.45 5.81 (80.93) 468.16 85.80 | udited 27,665.22 402.86 28,068.08 18,348.97 28.10 (601.10) 1,831.53 291.43 | Audited 24,673.68 312.46 24,986.14 15,051.75 21.22 (182.41 1,749.52 316.34 |\n| V VI VII | f)Depreciation and g)Other expenses Total expenses(IV) Profit before Excep Exceptional Items Profit before Tax Taxexpense: | amortisation expense tional Items and T | ax (III-IV) | 430.97 1,003.11 6,410.22 645.08 - 645.08 | 414.27 1,012.89 6,566.71 413.06 - 413.06 | 384.19 1,065.01 5,799.49 507.91 507.91 | 1,647.40 4,101.85 25,648.18 2,419.90 - 2,419.90 | 1,425.00 3,865.76 22,247.18 2,738.96 - 2,738.96 |\n| VIII |  |  |  |  |  |  |  |  |\n|  | (1)Current Tax (2)Deferred Tax |  | . | 164.50 (17.27) | 87.26 19.08 | 99.71 28.65 | 597.86 (0.51) | 624.59 73.42 |\n| IX X | Profit for the period Other Comprehensive A)Items that willnot B)Items that willbe Total Comprehensive | from Continuing Income( OCI) bereclassified top reclassified t?profit Income forthe Per | Operations (VII -VIII) rofit orloss.netoftax orloss.net oftax iod/Year | 497.85 (3.95) (14.99) 478.91 | 306.72 3.72 8.66 319.10 | 379.55 (24.22) (2.46) 352.87 | 1,822.55 (1.45) (1.06) 1,820.04 | 2,040.95 (37.90 2.95 2,006.00 |\n| XI XII XIII XIV | Paid upEquity Share Paid upDebt Capital Earnings Per Share Basic (Rs. Per Sh Diluted (Rs. Per | Capital (Face Valu ofRS.10/- each (not are) Share) | e ofRS.10/- each) annualised): | 4.24 150.00 1,173.86 1,173.86 | 4.24 150.00 723.20 723.20 | 4.24 150.00 894.93 894.93 | 4.24 150.00 4,297.31 4,297.31 | 4.24 150.00 4,812.26 4,812.26 |", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 7, "section": "(2) Deferred\nTax\n.\n(17.27)\n19.08\n28.65\n(0.51)\n73.42", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "7f411c23898a5ffc", "content": "[TABLE] Company: MRF | Year: FY2026 | Section: (c) Provisions\n342.00\n445.79\n.\nTotal Liabilities\n.10,920.23\n9,974.14 | Page: 8\n\n| SETS Non-Current | Assets |  | 31.03.2025 Audited | 31.03.2024 Audited 11,193.96 |\n|---|---|---|---|---|\n| (a)Property, | Plant and Equipme | nt | 12,257.95 1,166.47 |  |\n| (b)Capital W | ork-in-Progress |  |  | 2,362.51 758.14 |\n| (c) Right of U | seAssets |  | 850.22 20.56 | 25.12 |\n| (d)Other Inta | ngible Assets |  |  |  |\n| (e) Financial | Assets |  | 1,155.67 | 1,141.64 |\n| (i)Invest | ments |  | 7.61 | 4.09 |\n| (ii) Loans |  |  |  | 25.80 |\n| (iii)Other | financial assets |  | 28.71 329.29 | 343~54 |\n| (f)Non Curre (g)Other non | nt Tax Asset(Net) -current assets |  | 264.82 | 358.16 |\n| Current Asset | s |  | 5,539.34 | 4,360.72 |\n| (a) Inventorie | s |  |  |  |\n| (b) Financial | Assets |  | 3,403.33 |  |\n| (i)Invest | ments |  | 3,302.13 | 2,261.98 2,841.86 |\n| (ii)Trade | Receivables |  | 243.61 | 235.55 |\n| (iii)Cash | and cash Equivale | nts |  | 4.79 |\n| (iv)Bank | balances other tha | n Cash and Cash Equivalents | 5.85 4.99 | 5.80 |\n| (v) Loans (vi) Other (c)Other curre | financial assets nt assets | . | 191.20 324.35 | '187.55 303.58 |\n| ITY AND LIA ity (a) Equity Sha (b)Other Equi | BILITIES re Capital ty | TOTAL ASSETS | 29,096.10 4.24 18,171.63 | 26,414.79 4.24 16,436.41 |\n| ilities Non-Current | Liabilities | Total Equity | 18,175.87 | 16,440.65 |\n| a) Financial Li | abilities |  | 374.43 |  |\n| (i)Borrowin | gs |  |  | 724.11 |\n| (ii)Lease L | iability |  | 755.31 | 655.19 259.45 |\n| b) Provisions |  |  | 284.88 456.50 | 457.84 |\n| c) Deferred Ta d)Other non-c | x Liabilities (Net) urrent liabilities |  | 242.60 | 336.55 |\n| Cu~rentLiabili a) Financial L | ties iabilities | - |  |  |\n| (i)Borrowin | gs |  | 1,212.11 110.84 | 906.70 91.09 |\n| (ii) Lease | Liability |  |  |  |\n| (iii)Trade | Payables: |  |  | 32.77 |\n| (A)total | outstanding dues | of micro enterprises and Small enterprises | 28.55 | 2,911.64 |\n| (B)total | outstanding dues | ofcreditors other than micro enterprises and Small enterprises | 3,~7819 388.32 | 507.94 |\n| (iv) Other b)Other Curre | Financial Liabilities nt Liabilities |  | 2,746.50 | 2,645.07 |\n| c) Provisions | . | Total Liabilities | 342.00 .10,920.23 | 445.79 9,974.14 26,414.79 |", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 8, "section": "(c) Provisions\n342.00\n445.79\n.\nTotal Liabilities\n.10,920.23\n9,974.14", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ff997e195030f3c8", "content": "[TABLE] Company: MRF | Year: FY2026 | Section: Purchase\nof Investments\n.\n(2,877.86)\n(445~8) | Page: 9\n\n|  |  |  |  |  |  | Year ended |  | Rs.Crores |\n|---|---|---|---|---|---|---|---|---|\n| A. | CASH FLOW NET PROFIT Adjustment Depreciation Reversal of I Unrealised E Government Finance Cost Interest Incom Dividend Inco Loss I(Gain) Provision for Fair Value ch Fair Value ch Loss I(Gain) | FROM OPERATIN BEFORE TAX for: mpairment ofAsset xchange (Gain) IL Grant e me on Sale I Disposal Impairment ofAsse anges in Investmen anges in Finan;cial on Sale of Investm | G ACTIVITIE s IFinancial oss of Property, P ts( other than ts Instruments ents | S: Assets lant and Equipment Financial Assets) | 31st March 1,647.40 (0.61) (0.65) (1.55) 291.43 (107.22) (0.25) 1.65 - (225.64) 14.90 (3.54) | 2025 2,419.90 | 31st March 1,425.00 (0.45) (1.22) ,(1.52) 316.34 (99.57) (0.35) 10.68 4.59 (159.54) 7.72 (0.64) | 2024 2,738.96 |\n| B. | Bad debts wri OPERATING Trade receiva Other receivab Inventories - Inventories - Trade Payable -Import acce Provisions Other Liabilitie CASH GENER Direct Taxes NET CASH F CASH FLOW Purchase of Proceeds from Purchase of I Proceeds from Fixed Deposits Fixed Deposits Fixed Deposits Loans (Financi Loans (Financi Interest Incom Dividend inco | tten off PROFIT BEFORE bles les Finished Goods Raw materials and ptance and Others s ATED FROM OP paid ROM OPERATING FROM INVESTING Property, Plant and sale of Property, nvestments sale of Investment Others -Placed Others -Proceed with Banks -Pro al assets) -given al assets) -repaid e me | WORKING Others ERATIONS ACTIVITIES ACTIVITIES Equipment Plant and Equ s s ceeds | CAPITAL CHANGES .ipment | 0.15 (463.70) (37.69) (473.45) (705.17) 1,066.72 (81.20) (119.18) (1,298.74) 13.30 (2,877.86) 1,962.02 - - 0.05 (27.67) 24.11 97.22 0.25 | 1,616.07 4,035.97 (813.67) 3,222.30 (583.61) 2,638.69 | 0.29 (398.43) (65.81) (115.42) (202.62) 185.72 218.29 73.17 (2,135.98) 1.16 (445~8) 316.31 (288.00) 144.00 0.01 (28.10) 21.51 95.55 0.35 | 1,501.33 4,240.29 (305.10 3,935.19 (704.89 3,230.30 |\n| C. | NET CASH U CASH FLOW (Repayments) Repayment of Government Deferred paym Payment of Le Interest paid Dividend paid NET CASH F NET INCREAS OPENING BA Unrealised G | SED IN INVESTING FROM FINANCING IProceeds from Term Loans Grant ent Credit ase Liability ROM FINANCING E/(DECREASE) LANCE OF CASH ain I(Loss) on Fo | ACTIVITIES ACTIVITIES Working Capita ACTIVITIES IN CASH AND AND CASH reign currenc | l Facilities (Net) CASH EQUIVALENTS EQUIVALENTS y Cash &Cash equivalents | 57.00 (100.00) 1.55 (1.00) (180.62) (215.58) (84.82) | (2,107.32) (523.47) 7.90 235.55 0.16 243.61 | (19734) (150.00) 1.52 (0.88) (152.46) (250.07) (74.22) | (2,319.17) (823.45) 87.68 '146.31 1.56 |", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 9, "section": "Purchase\nof Investments\n.\n(2,877.86)\n(445~8)", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "9323ba5cc529adea", "content": "[TABLE] Company: MRF | Year: FY2026 | Section: For MRF LIMITED\n\\L:-~~ | Page: 10\n\n| (1)Theabove standalone f | inanc | ial resultsfortheQuarter | andYear ended31stMarch,202 | 5were reviewedbytheAudit C | ommittee and |\n|---|---|---|---|---|---|\n| approved bythe Boardof | Direc | tors atitsmeeting heldon | 7thMay,2025. |  |  |\n| (2) The Statutory auditors (3)The figures for theQua | have rters | expressed anunmodified ended 31st March, 2025 | opinionontheabove results. and31stMarch,2024 arethe bala | ncingfigures betweentheaudi | tedfigures in |\n| respectofthefullfinancial (4)These financial results prescribed under Section | year have 133 | andtheyear-to-date figur been prepared inaccorda of the Companies Act, 20 | es uptothethirdQuarter oftheFi nce with the recognition andmea 13 read with the rules thereund | nancialyear. surement principles laiddown er and in terms of SEBI Circu | . inthe IndAS lar dated 5th |\n| JuIY,2016. . (5)The Company isengag thecontext ofINDAS- 10 | ed in 8-'O | teralia inthemanufacture perating Segment' arecon | . ofRubber Productssuch asTyre sidered toconstituteonesinglep | s, Tubes, Flaps,Tread Rubber rimarysegment. TheCompany | etc. These in 's operations |\n| outside Indiado notexcee disclosed as unallocated business/geographical seg (6)\"rhe Board of Directors | d the reco ment has | quantitative threshold for nciling item in view of arenotapplicable tothe recommended a final divi | disclosure envisaged inthe IND its materiality. In view of the Company. dend of Rs 229 /- (2290%) per | AS. Non-reportable segments above, operating segment di share of Rs 10/- each which al | hasnotbeen sclosures for ong with two |\n| interimdividends ofRs.3/- | each | (30%)pershare already | paidworksouttoRs235/- (2350 | %) pershareofRs10/-each. |  |\n| (7) Thefigures fortheprev | ious | periods/year havebeenre | grouped/restated wherever neces | sary. For MRF LIMITED |  |\n|  |  |  |  | \\L:-~~ |  |\n| e: Chennai |  |  |  | RAHUL MAMMEN MAPPIL | LAI |\n| : 7th May, 2025 |  |  |  | Managing Director |  |", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 10, "section": "For MRF LIMITED\n\\L:-~~", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "91ba4e54c5ca566f", "content": "[TABLE] Company: MRF | Year: FY2026 | Section: For MRF LIMITED\n\\L:-~~ | Page: 11\n\n| Other S.No. | Disclosures: | Stand alone | Partic | ulars 31 | Quar .03.2025 31 | ter Ended .12.2024 31 | .03.2024 | Year En 31.03.2025 | ded 31.03.2024 |\n|---|---|---|---|---|---|---|---|---|---|\n| (a) Ratios (a) (b) (c) I (d) I (e) I (f) | Net worth (Rs : Debt equity ra Long Term D Debt service c March) [EBITDA and Reoavments)l Interest servic year end Marc [(EBITDA and Current ratio ( (Current asset Long term deb [Long term de Bad debts to for year end M | . Crores) tio (in times) ebt/Sharehold overage rati exceptional e coverage h) exceptional in times) s /Current l t toworking bt /working account recei arch) | ers E o (not a item /(I ratio (in item) / iabilities) capital caoitall vable r | (A quity] nnualised except for year end nterest Expenses + Prinicpal times) (not annualised except for (Interest Expenses)] • (in tinies) atio (in %)(not annualised except | udited) (Un 18,175.87 0.04 20.25 20.34 1.48 0.18 - | audited) (A 17,698.23 0.04 16.65 16.73 1.45 0.19 - | udited) 16,440.65 0.05 4.39 1401 135 0.32 0.01% | (Audited) 18,175.87 0.04 13.63 2009 1.48 0.18 - | (Audited) 16,440.65 0.05 10.84 17.24 135 0.32 0.01% |", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 11, "section": "For MRF LIMITED\n\\L:-~~", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "66b96b1e99abc1fb", "content": "[TABLE] Company: MRF | Year: FY2026 | Section: For MRF LIMITED\n\\L:-~~ | Page: 12\n\n| M NISSIM & CO. | LLP |  |  | SASTRI | & SHAH |  |\n|---|---|---|---|---|---|---|\n| artered Accountant | s, |  |  | Chartered | Accounta | nts, |\n| rodawala Mansion |  |  |  | \"LEELA | VATI\" |  |\n| Wing, 3rd Floor |  |  |  | 98, Arme | nian Stree | t |\n| , Dr Annie Besant | Road, Worli |  |  | CHENNA | I- 60000 | 1., |\n| UMBAI-400 018 |  |  |  |  |  |  |\n| DEPENDENT | AUDITOR' | S REPOR | T ON | AUDIT OF THE AN | NUAL | CONSOLIDATED |\n| NANCIAL RE | SULTS OF M | RF LTD P | URSUAN | T TO THE REQUIREM | ENT O | F REGULATIONS |\n| AND 52 OF | THE SEBI | (LISTING | OBLIGA | TION AND DISCLO | SURE | REQUIREMENTS) |\n| EGULATION 2 | 015, AS AM | ENDED |  |  |  |  |\n| e Board of Dire | ctors, |  |  |  |  |  |\n| RFLTD. |  |  |  |  |  |  |\n| inion |  |  |  |  |  |  |\n| We have audite | d the accom | panying Co | nsolidate | d financial results of M | RF Ltd ( | hereinafter referred |\n| to as the \"Hold | ing Company | \") and its s | ubsidiarie | s (Holding Company | and its s | ubsidiaries together |\n| referred to as l | itheGroup\"), | for the quart | er and y | ear ended 31stMarch, 2 | 025(\"the | Statement\"), being |\n| submitted by | the Holding | Company p | ursuant | to the requirements of | Regulatio | n 33 and 52 of the |\n| SEBI(Listing O | bligations an | d Disclosur | e Require | ments) Regulations, 20 | 15as am | ended (the \"Listing |\n| Regula tions\"). |  |  |  |  |  |  |\n| In our opinion | and to the b | est of our inf | ormation | and according to the e | xplanatio | ns given to us and |\n| based on the c | onsideration | of report of | the other | auditor on separate aud | ited fin | ancial statements o |\n| the subsidiaries | , the aforesa | id consolida | ted finan | cial results: |  |  |\n| a) include the | financial resu | lts of the fo | llowing | entities |  |  |\n| Name of | the Entity |  |  | Relationship |  |  |\n| MRF Corp | Limited |  |  | Wholly Owned Subsidi | ary |  |\n| MRF Lan | ka (Private) | Limited |  | Wholly Owned Subsidi | ary |  |\n| MRF SG | PTE Ltd. |  |  | Wholly Owned Subsidi | ary |  |\n| MRF Inter | national Lim | ited |  | Subsidiary |  |  |\n| b) is presented | in accorda | nce with t | he requir | ements of Regulation | 33 and | 52 of the Listing |\n| Regulations | in this regard | ; and . |  |  |  |  |\n| c) gives a true | and fair vie | w in confor | mity with | the recognition and m | easurem | ent principles laid |\n| down in the | applicable In | dian Accou | nting Sta | ndards (\"Ind AS\"), and | other ac | counting principles |\n| generally ac | cepted in Ind | ia, of the co | nsolidate | d net profit and consoli | dated ot | her comprehensive |\n| income and | other financi | al informati | on of th | e Group for the quarter | and yea | r ended 31st March |\n| 2025. |  |  |  |  |  |  |\n| sis for opinion |  |  |  |  |  |  |\n| We conducted | our audit in | accordance | with th | e Standards on Auditin | g (ISA | s\") specified under |\n| section 143(10) | of the Com | panies Act, | 2013 (lit | he Act\"). Our responsibi | lities un | der those SAs are |\n| further describ | ed in the A | uditor's Res | ponsibilit | ies for the Audit of t | he Cons | olidated Financial |\n| Results section | ofour report. | We are inde | pendent | of the Group in accorda | nce with | the Code ofEthics |\n| issued by the | Institute of | Chartered | Account | ants of India (ICAI) | together | with the ethical |\n| requirements t Act, and the Ru | hat are releva les thereunde | nt to our a r, and we h | udit of th ave fulfi | e financial statements lled our other ethical re | under th sponsibili | e provisions of the ties in acc~afl; |\n| 'cqn | irements en | d theleA!:s | Code of | Ethics.Webelievethat t | heaudit | eVidenc(r~) |", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 12, "section": "For MRF LIMITED\n\\L:-~~", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "5ecfe27f9e6aa9d7", "content": "[TABLE] Company: MRF | Year: FY2026 | Section: •\nIdentify\nand assess the risks of material\nmisstatement\nof the consolidated\nfinanciaye~ult..s,\nvhether\ndue\nLO fraud\n0\" e....or desizn\n~_..l perform\naudit prcced ..··E~resconsi\n..e LO Ll.0Ui·\"-1..-~\nr>1)('~~\nl\nl\nH\nu o,\nL\nLL\nL,\nC\"'LOH\ncu.lu\nt'CLL\nUH\nau\nII\nL\nUL\n'\"\nL\n\"'t'VH\nLV\nl\nlLl\no\n~L\"''''''' | Page: 13\n\n| M | MNISSIM & CO. LLP |  |  |  |  |  | SA | STRI & SHAH |  |  |\n|---|---|---|---|---|---|---|---|---|---|---|\n| Ch | artered Accountants, |  |  |  |  |  | Ch | artered Accounta | nts, |  |\n| Ba | rodawala Mansion |  |  |  |  |  | \"L | EELA VATI\" |  |  |\n| B- | Wing, 3rd Floor |  |  |  |  |  | 98, | Armenian Stree | t |  |\n| 81 | , Dr Annie Besant Road | , Worli |  |  |  |  | CH | ENNAI- 60000 | 1., |  |\n| M | UMBAI-400 018 |  |  |  |  |  |  |  |  |  |\n|  | by us along with | the co | nsidera | tion of audi | t rep | ort of the o | ther | auditors' ref | erred t | o in \"Other |\n|  | Matters\" paragraph | below | , is su | fficient and a | pprop | riate to prov | ide | a basis for o | ur opini | on. |\n| M | anagement's Respo | nsibilit | ies fo | r the Consoli | dated | Financial | Res | ults |  |  |\n| 4. | This statement, wh | ich inc | ludes | Consolidated | Fina | ncial Results | , is | the responsibi | lity of | the Holding |\n|  | Company's Board | ofDire | ctors a | nd has been a | pprov | ed by them | for | issuance. The | stateme | nt has been |\n|  | prepared on the ba | sis of | the Co | nsolidated Fi | nancia | l Statements | fo | r the quarter | and yea | r ended 31st |\n|  | March 2025. This r | esponsi | bility | includes prep | aratio | n and prese | ntati | on ofthe Con | solidate | d Financial |\n|  | Results that give | a true | and | fair view of | the | consolidated | ne | t profit and | consoli | dated total |\n|  | comprehensive in | come | and ot | her financial | info | rmation of | the | Group in ac | cordanc | e with' the |\n|  | recognition and m | easurem | ent p | rinciples laid | dow | n in Ind AS | pre | scribed under | Sectio | n 133 of the |\n|  | Act read with relev | ant ru | les iss | ued thereunde | r an | d other acco | unti | ng principles | general | ly accepted |\n|  | in India and in co | mplian | ce wit | h Regulation | 33 a | nd 52 of the | Lis | ting Regulatio | ns. Th | e respective |\n|  | Management and | Board | of Dire | ctors of the | comp | anies include | d | in the Group | are res | ponsible for |\n|  | maintenance of ad | equate | accou | nting record | s in | accordance | wit | h the provisi | ons of | the Act for |\n|  | safeguarding of th | e asset | s of e | ach company | and | for preventi | ng | and detecting | frauds | and other |\n|  | irregularities; selec | tion an | d appl | ication of ap | propri | ate accounti | ng | policies; mak | ing jud | gments and |\n|  | estimates that are | reason | able a | nd prudent; | and t | he design, i | mpl | ementation a | nd mai | ntenance of |\n|  | adequate internal | financi | al con | trols, that w | ere o | perating eff | ecti | vely for ensu | ring ac | curacy and |\n|  | completeness of t | he acc | ounting | records, r | elevan | t to the pr | epa | ration and p | resentat | ion of the |\n|  | consolidated finan | cial res | ults th | at give atrue | and f | air view and | are | free from mat | erial mi | sstatement, |\n|  | whether due to fr | aud o | r error | , which hav | e bee | n used for | the | purpose of | preparat | ion of the |\n| . | consolidated fina | ncial r | esults | by the Mana | geme | nt, and the | Bo | ard of Directo | rs of t | he Holding |\n|  | Company, as afores | aid. |  |  |  |  |  |  |  |  |\n| 5. | In preparing the co | nsolida | ted fi | nancial result | s, the | respective | Man | agement and | Board | of Directors |\n|  | of the companies in | cluded | in the | Group are re | spons | ible for asse | ssin | g the ability | ofeach | company to |\n|  | continue as a going | conce | rn, dis | closing, as a | pplica | ble, matters | rel | ated to going | concern | and using |\n|  | the going concern | basis | of acco | unting unles | s the | respective | Boar | d of Director | s either | intends to |\n|  | liquidate the compa | ny or | to ceas | e operations, | or ha | s no realistic | alt | ernative but t | o do so. |  |\n| 6. | The respective Bo | ard of | Direct | ors of the co | mpan | ies jncluded | in | the Group | are resp | onsible for |\n|  | overseeing the fina | ncial r | eporting | process of | each c | ompany. |  |  |  |  |\n| Au | ditor's Responsibili | ties f | or the | Audit of the | Conso | lidated Fin | anci | al Results |  |  |\n| 7. | Our objectives are | to obta | in reas | onable assura | nce | about whethe | r t | he consolidate | d finan | cial results |\n|  | as a whole are free | from | materi | al misstatem | ent, | whether due | to | fraud or erro | r, and | to issue an |\n|  | auditor's report tha | t inclu | des ou | r opinion. Re | asona | ble assuranc | e is | a high level | of assur | ance, but is |\n|  | not a guarantee th | at an | audit c | onducted in | acco | rdance with | SA | s will always | detect | a material |\n|  | misstatement when | itexis | ts. Miss | tatements ca | n aris | e from fraud | or | error and are c | onsider | ed material |\n|  | if, individually or | in the | aggrega | te, they cou | ld rea | sonably be | exp | ected to influ | ence th | e economic |\n|  | decisions of users t | aken o | n the b | asis of these c | onsol | idated finan | cial | results. |  |  |\n| 8. | As part of an audi | t in a | ccordan | ce with SA | s, we | exercise pr | ofes | sional judgm | ent an | d maintain |\n|  | professional skeptic | ism th | rougho | ut the audit. | We a | lso: |  |  |  |  |\n|  | • Identify and ass | ess th | e risks | of material | miss | tatement of | the | consolidated | financ | iaye~ult..s, Ll.0Ui·\"-1..-~ |\n|  | vhether due LO r>1)('~~ l l Ir<' | fraud H uo, | 0\" e....o L LL | r desizn L, C\"'LOH c~u_.l.u.l | perfo t'CLL | rm audit pr UH au II L | cce | d.. ··E~resconsi UL '\" L \"'t'VH | ..e LO LV l | ~L\"''''''' lLl o . . 3 e: /,~ |", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 13, "section": "•\nIdentify\nand assess the risks of material\nmisstatement\nof the consolidated\nfinanciaye~ult..s,\nvhether\ndue\nLO fraud\n0\" e....or desizn\n~_..l perform\naudit prcced ..··E~resconsi\n..e LO Ll.0Ui·\"-1..-~\nr>1)('~~\nl\nl\nH\nu o,\nL\nLL\nL,\nC\"'LOH\ncu.lu\nt'CLL\nUH\nau\nII\nL\nUL\n'\"\nL\n\"'t'VH\nLV\nl\nlLl\no\n~L\"'''''''", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "72302119f5c0c030", "content": "[TABLE] Company: MRF | Year: FY2026 | Section: {(I,\n~\n..,.\n*\nF\nr\nJ\"\n.n\n.\n0\n~\n-, ~':}{ jj}\n~ -e<:_\n, | Page: 14\n\n| Baroda | wala Mansion |  |  |  | \"LEE | LA VAT1\" |  |  |\n|---|---|---|---|---|---|---|---|---|\n| B-Win | g, 3rd Floor |  |  |  | 98, A | rmenian Street |  |  |\n| 81, Dr | Annie Besant Road, Worli |  |  |  | CHEN | NAI - 600001 | ., |  |\n| MUM | BAI-400 018 |  |  |  |  |  |  |  |\n|  | and obtain audit evide | nce | that is suffi | cient and approp | riate to p | rovide a bas | is for | our opinion. |\n|  | The risk of not detecti | ng | a material m | isstatement resu | lting from | fraud is hi | gher | than for one |\n|  | resulting from error, | as | fraud ma | y involve coll | usion, fo | rgery, inten | tional | omissions, |\n|  | misrepresentations, or | the | override of i | nternal control. |  |  |  |  |\n| • | Obtain an understandi | ng | of internal | control relevant | to the a | udit in orde | r to | design audit |\n|  | procedures that are ap | prop | riate in the | circumstances. U | nder Sect | ion 143(3) (i) | of th | e Act, we.are |\n|  | also responsible for e | xpres | sing our op | inion through | a separate | report on th | e co | mplete set of |\n|  | financial statements on | whe | ther the Gro | up has adequate | internal fi | nancial contr | ols w | ith reference |\n|  | to financial statements | in p | lace and the | operating effect | iveness of | such controls | . |  |\n| • | Evaluate the appropriat | enes | s of accoun | ting policies us | ed and the | reasonablen | ess | of accounting |\n|  | estimates by the Manag | eme | nt and the | Board of Director | s. |  |  |  |\n| • | Evaluate the appropriat | enes | s and the | reasonableness | of disclosur | es made by | the | Management |\n|  | and Board of Directors | in t | erms of the | requirements spe | cified und | er Regulatio | n 33 | and 52 of the |\n|  | Listing Regulations. |  |  |  |  |  |  |  |\n| • | Conclude on the appro | priat | eness of th | e Management's | and Boar | d of Director | s use | of the going |\n|  | concern basis of acco | untin | g and, base | d on the audit | evidence | obtained, w | hethe | r a material |\n|  | uncertainty exists relat | ed t | o events or c | onditions that m | ay cast sig | nificant doub | t on | the ability of |\n|  | the Group to continue | as a | going conce | rn. Ifwe conclu | de that a | material unc | ertaint | y exists, we |\n|  | are required to draw a | ttenti | on in our a | uditor's report t | o the relate | d disclosures | in t | he statement |\n|  | or, if such disclosures | are i | nadequate, | t~ modify our op | inion. Ou | r conclusions | are | based on th~ |\n|  | audit evidence obtaine | d u | p to the da | te of our audit | or's report | . However, | futu | re events or |\n|  | conditions may cause t | he G | roup to ceas | e to continue as | a going co | ncern. |  |  |\n| • | Evaluate the overall p | resen | tation, stru | cture and conte | nt of the | consolidated | fina | ncial results, |\n|  | including the disclos | ures, | and whet | her the consol | idated fin | ancial resul | ts r | epresent the |\n|  | underlying transactions | an | d events in a | manner that ac | hieves fair | presentation. |  |  |\n| • | Obtain sufficient appro | priat | e audit evid | ence regarding | the financi | al results of | the e | ntities within |\n|  | the Group to express a | n opi | nion on the | consolidated fin | ancial resu | lts. We are r | espon | sible for the |\n|  | direction, supervision | and | performance | of the audit | of financial | information | of | such entities |\n|  | included in the consoli | dated | financial r | esults of which | we are the | independent | audi | tors. For the |\n|  | other entities included | in | the consolida | ted financial re | sults, whi | ch has been | audit | ed by other |\n|  | auditors', such other a | udito | r remain res | ponsible for the | direction, | supervision | and | performance |\n|  | of the audit carried o | ut b | y them. We | remain solely | responsible | for our au | dit | opinion. Our |\n|  | responsibilities in this | regar | d are further | described in pa | ra 9of the | section title | d \"O | ther Matters\" |\n|  | in this audit report. |  |  |  |  |  |  |  |\n| We co | mmunicate with those | char | ged with gov | ernance ofthe H | olding Co | mpany and | such | other entities |\n| includ | ed in the consolidated | fin | ancial results | of which we a | re the ind | ependent au | ditors | regarding, |\n| among | other matters, the p | lann | ed scope a | nd timing of th | e audit a | nd significan | t au | dit findings, |\n| includi | ng any significant defi | cien | cies in intern | al control that w | e identify | during our | audit. |  |\n| We al | so provide those charge | d wi | th governanc | e with a statem | ent that w | e have compl | ied | with relevant |\n| ethical | requirements regardin | g i | ndependence, | and to commu | nicate wi | th them all | relati | onships, and |\n| other | matters that may reaso | nabl | y be though | t to bear on ou | r independ | ence, and | where | ~. {2!icale( |\n| related | safeguards, |  |  |  | • |  | I {( | ~~ I, ~ * F r . |", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 14, "section": "{(I,\n~\n..,.\n*\nF\nr\nJ\"\n.n\n.\n0\n~\n-, ~':}{ jj}\n~ -e<:_\n,", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "20cb504d5be6432d", "content": "[TABLE] Company: MRF | Year: FY2026 | Section: (N KASHINATH)\nPartner\n(CRKUMAR)\nPartner\nM.No.026143\n---\nUDIN:25026143BMIXEP5950\nChennai\n7thMay, 2025 | Page: 15\n\n| M MNISSIM & CO. | LLP |  |  |  |  | SASTRI | & SHAH |  |  |\n|---|---|---|---|---|---|---|---|---|---|\n| Chartered Accountants, |  |  |  |  |  | Chartered | Account | ants, |  |\n| Barodawala Mansion |  |  |  |  |  | \"LEELA V | ATI\" |  |  |\n| B-Wing, 3rd Floor |  |  |  |  |  | 98, Armen | ian Stree | t |  |\n| 81, Dr Annie Besant R | oad, Worli |  |  |  |  | CHENNAI | -600 | 001., |  |\n| MUMBAI-400 018 |  |  |  |  |  |  |  |  |  |\n| We also performed | pracedures i | n accord | ance w | ith | the circ | ular No CIR/CF | D/CMD | 1/44/2019 | issued |\n| by the SEBIunder | Regulation 33 | (8) of the | Listing | R | egulatio | ns, as amended, | to the | extent applica | ble. |\n| Other Matters |  |  |  |  |  |  |  |  |  |\n| 9. The consolidated | financial res | ults incl . | ude the | au | dited fi | nancial results o | f three | Subsidiaries, | whose |\n| financial stateme | nts reflect tot | al assets | of Rs.4 | 67. | 86Cror | es, total revenue | ofRs.1 | , 32.25Crares | and Rs. |\n| 493.01 Crares, t | otal net prafit | after tax | of Rs. | 14. | 23Crore | s and Rs. 46.60 | Crares | and net cash | inflow |\n| Rs.59.42 Crares | for the quarter | and y | ear end | ed | 31st Ma | rch 2025, respect | ively, | as considered | in the |\n| consolidated fi | nancial results | , whic | h has | be | en audi | ted by their i | ndepen | dent auditor | . The |\n| independent au | ditors' report | on finan | cial stat | em | ents of | these entities ha | ve been | furnished t | o us by |\n| the management | and our opin | ion on | the con | soli | dated f | inancial results, | in so fa | r as it relates | to the |\n| amounts and di | sclosures inclu | ded in | respect | of | these e | ntities, is based s | olely o | n the report | of such |\n| auditor and the | procedures pe | rformed | by us | are | as state | d in paragraph | above. |  |  |\n| Our opinion on | the consolidate | d financ | ial res | ults | isnot | modified in respe | ct of th | e above matte | r with |\n| respect to our re | liance on the | work do | ne and | the | report | of the other audi | tors. |  |  |\n| 10.The consolidated | financial resu | lts inclu | de the | res | ults for | the quarter ende | d 31stM | arch 2025be | ing the |\n| balancing figure | between the | audited | figures | in | respect | of the full financ | ial yea | r and the pub | lished |\n| unaudited year t | o date figures | up to th | e third | quar | ter oft | he current financ | ial year | which were | subject |\n| to limited review | by us. |  |  |  |  |  |  |  |  |\n| For M M NISSIM & | CO. LLP |  |  |  |  | For SASTRI & | SHAH |  |  |\n| Chartered Accountan | ts |  |  |  |  | Chartered Accou | ntants |  |  |\n| (Reg.No.107122W / | WI00672) |  |  |  |  | (Reg.N 0.003643S | ) |  |  |\n| (5' |  |  |  |  |  |  |  |  |  |\n| (N KASHINATH) |  |  |  |  |  | (CRKUMAR) |  |  |  |\n| Partner |  |  |  |  |  | Partner |  |  |  |\n|  |  |  |  |  |  | M.No.026143 UDIN:25026143B | MIXEP5 | --- 950 |  |\n|  |  |  |  |  |  | Chennai |  |  |  |\n|  |  |  |  |  |  | 7thMay, 2025 |  |  |  |", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 15, "section": "(N KASHINATH)\nPartner\n(CRKUMAR)\nPartner\nM.No.026143\n---\nUDIN:25026143BMIXEP5950\nChennai\n7thMay, 2025", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "3ca2637cf2d05297", "content": "[TABLE] Company: MRF | Year: FY2026 | Section: (2) Deferred\nTax\n.\n(17.11)\n19.08\n29.43\n.\n1.26\n74,58 | Page: 16\n\n| I II III IV | Revenue from Other Income Totallncome( Expenses a)Cost of mat b)Purchase o c)Changes in d)Employee b e)Finance cos | Operations I+II) erials consumed fstock-in-trade inventories offi enefits expense ts | nishea goo | (R ds, Stock-in-trade and work-in-proqress | efer Note 3) 7,074.82 112.78 7,187.60 4,720.48 7.00 (244.05) 470.86 97.93 | Unaudited (Re 7,000.82 98.08 7,098.90 4;656.10 7.04 (28.48) 478.95 93.65 | fer Note 3) 6,349.36 93.81 6,443.17 3,923.04 6.22 (85.19) 480.85 93.25 | Audited 28,153.18 408.11 28,561.29 18,487.98 28.45 (590.31 ) 1,885.14 360.03 | Audited 25,169.21 316.84 25,486.05 15,243.20 22.15 (184.32 1,798.16 353.01 |\n|---|---|---|---|---|---|---|---|---|---|\n| V VI VII VIII | f)Depreciation g)Other expen Total expenses Profit before Exceptional Ite Profit before Tax expense (1) Current Tax | and amortisatio ses (IV) Exceptional Ite ms Tax : | n expense ms and T | ax (III-IV) . | 432.75 1,041.90 6,526.87 660.73 660.73 165.73 | 414.99 1,052.47 6,674.72 424.18 - 424.18 89.64 | 385.25 1,112.41 5,915,83 527,34 - 527.34 101.80 | 1,653.55 4,257.45 26,082,29 2,479,00 2,479.00 608.45 . | 1,429.97 4,036.46 22,698.63 2,787.42 - 2,787.42 631.61 |\n| IX | (2) Deferred T Profit for the | ax period from Con | tinuing | Operations (VII -VIII) | (17.11) 512.11 | 19.08 315.46 | 29.43 396.11 | 1.26 1,869.29 | 74,58 2,081.23 |\n| X | Other Comprehe A) Items that w | nsive Income( ill not be reclassif | OCI) ied topr | ofit orloss,net oftax | (4.18) | 3.72 | (24.53) | (1.68) | (38,21 |\n|  | B)Items that w Total Comprehe | ill be reclassified nsive Income f | to profit or Ihe yea | orloss,net oftax r attribulable to: | (15.19) | 11.10 | (1.05) | 2.69 | 26.54 |\n| XI | Owners ofthe Non Controlling | Company Interest |  |  | 492.74 - | 330.27 0.01 | 370.52 0.01 | 1,870.29 0.01 | 2,069.55 0.01 |\n| XII XIII XIV | Paid upEquity Paid up Debt C Earnings Per S Basic (Rs. P | Share Capital ( apital hare ofRS.101- er Share) | Face Valu each (not | e of RS.101- each) annualised): | 4,24 150.00 1,207.48 | 4.24 150,00 743,80 | 4.24 150.00 933,97 | 4.24 150.00 4,407.51 | 4.24 150.00 4,907,24 |\n| xv | Diluled (Rs. Other Equity ex | Per Share) cluding Revaluati | on Reser | ~ ve | 1,207.48 | 743.80 - | 933.97 - | 4,407.51 18,484.22 | 4,907.24 16,698.75 |", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 16, "section": "(2) Deferred\nTax\n.\n(17.11)\n19.08\n29.43\n.\n1.26\n74,58", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ac98c188a8916954", "content": "[TABLE] Company: MRF | Year: FY2026 | Section: EQUITY AND LIABILITIES\n.\n.\nEquity | Page: 17\n\n| Current Assets | Particulars |  | 31.03.2025 Audited | 31.03.2024 Audited |\n|---|---|---|---|---|\n| Property, PlantandE | quipment |  | 12,349.11 | 11,262.22 |\n| Capital Work-in-Progre | ss |  | 1,168.63 | 2,384.53 |\n| RightofUseAssets |  |  | 850.34 | 758.26 |\n| Other Intangible Asset | s |  | 21.33 | 25.74 |\n| Financial Assets (i)Investments |  |  |  | 1,12099 |\n|  |  |  | ~,134.82 |  |\n| (ii)Loans (iii)Otherfinancial as | sets |  | 7.67 31.59 | 4.17 28.66 |\n| NonCurrent TaxAsse ther non-current asse nt Assets | t(Net) ts |  | 34052 266.58 | 354.49 360.82 |\n| nventories inancial Assets |  |  | 5,624.78 | 4,468.58 |\n| (i)Investments |  |  | 3,413.42 3,370.25 | 2,261.98 2,911.96 |\n| (ii)Trade Receivables |  |  |  |  |\n| (iii)Cashandcash E | quivalents |  | 370.64 | 303.07 |\n| (iv)Bank balances oth | er thanCash andCash Equivalents |  | 5.85 | 42.31 |\n| (v)Loans |  |  | 5.02 | 5.83 |\n| (vi)Otherfinancial as ther current assets | sets |  | 192.65 413.79 | 190.66 365.16 |\n| AND LIABILITIES | . | TOTAL ASSETS | 29,566.99 | 26,849.43 |\n| quityShare Capital ther Equity trolling Interest |  | Total Equity | 4.24 18,484.22 0.18 18488.64 | 4.24 16,698.75 0.17 16,703.16 |\n| urrent Liabilities ancial liabilities |  |  |  |  |\n| Borrowings Lease liability |  |  | 374.43 | 724.11 |\n| ovisions |  |  | 755.31 285.29 | 655.19 259.69 |\n| ferred Tax liabilities | (Net) |  | 462.39 | 461.97 |\n| her non-current liabilit | ies |  | 241.36 | 335.28 |\n| nt Liabilities nancial liabilities | p |  |  |  |\n| Borrowings |  |  | 2,530.47 | 1,351.01 |\n| )Lease liability |  |  | 110.95 | 91.19 |\n| )Trade Payables: (A)totaloutstanding | duesofmicro enterprises andSmallenterprises |  | 37.74 |  |\n| (B)total outstanding | dues ofcreditors otherthan micro enterprises andSmall | enterprises | 2,784.26 | 32.77 |\n|  |  |  |  | 2,620.01 |\n| )Other Financial Lia | bilities |  | 391.31 | 510.92 |\n| her Current liabilities |  |  | 2,754.17 | 2,652.77 |\n| ovisions rrent Tax liabilities ( | Net) |  | 344.37 6.30 | 447.05 4.31 |\n| - | TOTAL EQUITYA | Total Liabilities ND LIABILITIES | 11,078.35 | 10,146.27 |", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 17, "section": "EQUITY AND LIABILITIES\n.\n.\nEquity", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "30f2c314f5068eb2", "content": "[TABLE] Company: MRF | Year: FY2026 | Section: Note:\nThe above Cash Flow Slatement has been prepared under the \"Indirect Method\" as set out in the Indian Accounting Standard (Ind AS-7) - Statement of Cash Flow.\n.\n. | Page: 18\n\n|  |  |  |  | Year ended |  | Rs.Crores |\n|---|---|---|---|---|---|---|\n| CASH FLOW FROM OPERATIN NET PROFIT BEFORE TAX Adjustment for: Depreciation Reversal of Impairment ofAsset Unrealised Exchange (Gain) IL Provision for Impairment ofAsse Impairment of Financial Assets 'Finance Cost Government Grant Interest Income Dividend Income Loss I(Gain) on Sale IDisposal Fairx/alue changes inInvestmen Fair Value changes inFinancial Loss I(Gain) on Sale of Investm Bad debts written off OPERATING PROFIT BEFORE Trade receivables Other receivables Inventories -Finished Goods Inventories -Raw materials and Trade Payable -Import acceptance and Other Provisions Other liabilities | G ACTIVITIE s IFinancial oss ts( other tha of Property, P ts Instruments ents WORKING Others s | S: Assets n Financial Assets) lant and Equipment CAPITAL CHANGES | 31st March 2 1,653.55 (0.90) (0.33) 1.58 36003 (1.55) (112.06) (0.15) 2.44 (225.73) '18.65 (3.54) 0.15 (463.01) (6585) (46177) (694.43) 173.61 (80.23) (119.17) | 025 2,479.00 1,692.14 4,171.14 (1,71085) | 31st March 1,429.97 (0.56) (125) 4.59 1.10 353.01 (1.52) (103.76) (0.26) 10.68 (159.57) 31.51 (0.64) 0.29 (40861) (97.68) (117.72) (20981) 215.77 218.56 74.06 | 2024 2,787.42 1,563.59 4,351.01 (325.43) |\n| CASH GENERATED FROM OP Direct Taxes paid NET CASH FROM OPERATING CASH FLOW FROM INVESTING Purchase ofProperty,Plant and Proceeds from sale of Property,P Purchase of Investments Proceeds from sale ofInvestment Fixed Deposits Others -piaced Fixed Deposits Others -Proceed Fixed Deposits with Banks -Plac Fixed Deposits with Banks -Pro Loans (Financial assets) -given Loans (Financial assets) -repaid Interest Income Dividend income NET CASH USED IN INVESTING CASH FLOW FROM FINANCING (Repayments) IProceeds from Repayment of Term Loans Government Grant Deferred payment Credit Payment of Lease Liability Interest paid Dividend paid NET CASH FROM FINANCING NET INCREASE/(DECREASE) OPENING BALANCE OF CASH Unrealised Gain I(Loss) on Fo | ERATIONS ACTIVITIES ACTIVITIES Equipment lant and Equ s s ed ceeds ACTIVITIES ACTIVITIES Working Capit ACTIVITIES INCASH AND AND CASH reign currency | ipment al Facilities (Net) CASH EQUIVALENTS EQUIVALENTS Cash & Cash equivalents | (1,308.17) 13.63 (2,887.86) 1,962.00 37.57 (27.67) 24.13 103.89 0.15 919.51 (100.00) 1.55 (100) (180.62) (272.62) (84.82) | 2,460.29 (592.49) 1,867.80 . (2,082.33) 282.00 67.47 303.07 0.10 | (2,163.50) 1.18 (445.98) 316.31 (288.00) 144.00 (3761) 0.06 (2810) 21.51 97.83 0.26 (202.55) (150.00) 1.52 (088) (152.46) (28963) (74.22) | 4,025.58 (722.22) 3,303.36 (2,382.04) (868.22) 53.10 248.51 1.46 |", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 18, "section": "Note:\nThe above Cash Flow Slatement has been prepared under the \"Indirect Method\" as set out in the Indian Accounting Standard (Ind AS-7) - Statement of Cash Flow.\n.\n.", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "1a5c1d5d1b5e7926", "content": "[TABLE] Company: MRF | Year: FY2026 | Section: For MRF LIMITED\nb~~ | Page: 19\n\n| (1)The above andapproved | consolidated fin bythe Boardof | ancial res Directors | ults for the atitsmeetin | Quarter and g heldon7th | Year ended 31s May,2025. | t March,2 | 025 were reviewe | d bythe Audit Committee |\n|---|---|---|---|---|---|---|---|---|\n| (2)The Statut (3)The figures | ory auditors hav forthe Quarters | eexpresse ended 31 | d anunmod st March,2 | ified opinion 025 and31s | ontheaboveres tMarch,2024 ar | ults. ethe bala | ncing figures betw | eentheaudited figures in |\n| respect ofthe (4)These finan prescribed un | fullfinancial yea cial results hav der Section 133 | randthey e been pre of the Co | ear-to-date pared inac mpanies A | figures uptot cordance with ct, 2013 read | hethirdQuarter the recognition with the rules | oftheFi and mea thereund | nancialyear. surement principle er and in terms of | s laiddown inthe IndAS SEBI Circular dated 5th |\n| JuIY,2016. (5)The group and/ or dealin single primary notmeetthe c | exceptfor MRF g in Rubber an segment. MRF riteria specified | Corp Ltd, d Rubber Corp Ltd for reporta | isengaged Chemicals. isengaged ble segmen | inthe manuf Inthe contex inthe manuf t prescribed i | acture of rubber t of Ind-AS 108 acture of Specia nthe Ind-AS.Th | products operatin lity Coati e group's | such asTyre, Tu g segment are con ngs and itsrevenu operations outsid | bes, Flaps, Tread Rubber sidered to constitute one es, results and assets do e Indiado notexceedthe |\n| quantitative th reconciling ite segment aren | reshold for.disc minviewoftheir otapplicable. | losure en materialit | visaged in y. Inviewof | the Ind-AS. theabove, p | Non-reportable rimaryandseco | segment ndary rep | s have not been ortingdisclosures | disclosed as unallocated forbusiness/geographical |\n| (6)The figures | fortheprevious | periods h | avebeenre | groupedwher | ever necessary. |  | For MRF LIMITE | D |\n|  |  |  |  |  |  | b | ~~ |  |\n| e: Chennai |  |  |  |  |  |  | RAHUL MAMME | N MAPPILLAI |\n| : 7th May, | 2025 |  |  |  |  |  | Managing Direc | tor |", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 19, "section": "For MRF LIMITED\nb~~", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "c033640a74c1f08f", "content": "[TABLE] Company: MRF | Year: FY2026 | Section: Q)\nInventory\nturnover\n(in times)\n(annualised)\n4.77\n5.03\n5.43\n6.99\n5.34\nCost of sales'\nAveraqe\ninventorvl\nOperating\nmargin\n(in %)\n(k)\n[(EBIT\n(Excl Other income\nand exceptional\nitem)'\nRevenue\nfrom\n9.13%\n600%\n8.30%\n8.63%\n11.22%\nOperationsl\nNet profit margin\n(in %)\n.\n.\n(I) | Page: 20\n\n| Other S.No. | Disclosures: | Consolidated | Partic | ulars | 31 | Quarter .03.2025 31.12 | Ended .2024 31.03 | .2024 31. | Year Ende 03.2025 3 | d 1.03.2024 |\n|---|---|---|---|---|---|---|---|---|---|---|\n| (a) Ratios (a) | Net worth (Rs. : Debt equity ra t.ono Term D Debt service c | Crores) tio (in times) ebt/Sharehold overage rati | ers Eo o (not a | uitvl nnualised except for ye | (A ar end | udited) (Unau 18,488.64 17, 0.04 | dited) (Audi 997.17 16, 0.04 | ted) (A 703.16 0.05 | udited) ( 18,488.64 0.04 | Audited) 16,703.16 0.05 |\n| (b) (c) I (d) I (e) I (f) (g) | March) [EBITDA and Repayments)] Interest service year end Marc r(EBITDA and Current ratio ( (Current asset Long term deb ll.onq term de Bad debts to a for year end M [Bad debts' A Current liability [Current liabiliti | exceptional i coverage r h) exceptional in times) s' Current li t to working bt' workino ccount recei arch) veraoe Trade ratio (in %) es' Totalliab | tem' (I atio (in item)' abilities) capital capital] vable r Recei ilitiesl | nterest Expenses + Prin times) (not annualised (Interest Exoenses)l (in times) atio (in %)(not annualise vablesl | icpal except for d except | 15.45 15.51 1.50 0.17 - 80.87% | 12.12 12.16 1.47 0.18 - 78.98% | 4.36 13.00 1.37 0.30 0.01% 75.99% | 11.53 15.67 1.50 0.17 - 80.87% | 10.15 15.39 1.37 0.30 0.01% 75.99% |", "company": "MRF", "ticker": "MRF", "source_file": "MRF.pdf", "fiscal_year": "FY2026", "page_number": 20, "section": "Q)\nInventory\nturnover\n(in times)\n(annualised)\n4.77\n5.03\n5.43\n6.99\n5.34\nCost of sales'\nAveraqe\ninventorvl\nOperating\nmargin\n(in %)\n(k)\n[(EBIT\n(Excl Other income\nand exceptional\nitem)'\nRevenue\nfrom\n9.13%\n600%\n8.30%\n8.63%\n11.22%\nOperationsl\nNet profit margin\n(in %)\n.\n.\n(I)", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "f8f1a573b4399435", "content": "ONGC/CS/SE/2025-26                                                                                                                21.05.2025 National Stock Exchange of India Ltd. Listing Department Exchange Plaza Bandra-Kurla Complex Bandra (E) Mumbai – 400 051 Symbol - ONGC; Series – EQ BSE Limited Corporate Relationship Department Phiroze Jeejeebhoy Towers Dalal Street, Fort Mumbai – 400 001 BSE Security Code No.- 500312 NCD : 959881 Sub: Outcome of Board Meeting Madam/ Sir, It is informed that, the Board of Directors of the Company at its meeting held today i.e. 21.05.2025, has inter-alia considered and approved the following business items:- 1. Integrated Financial Results (Standalone and Consolidated) for the Financial ended 31st March, 2025 The Board of Directors has approved the Audited Financial Results (Standalone and Consolidated) along with Audit Report(s) of the Auditors thereon for the Financial Year ended 31st March 2025. Pursuant to Regulation 33 & 52 of SEBI Listing Regulations, 2015, Financial Results (Standalone and Consolidated) along with Audit Report(s) of the Auditors thereon for the Financial Year ended 31st March 2025 are enclosed as “Annexure-A”. 2. Recommendation of Final Dividend for the Financial Year 2024-25 The Board of Directors has recommended final dividend at the rate of ₹1.25/- per equity share of face value of ₹5/- each i.e. @25% for the Financial Year 2024-25 subject to the approval of shareholders in the", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "COMPANY SECRETARIAT", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "32c9e3f29e3ed197"}, {"chunk_id": "eb9ebb7268043a8f", "content": "of ₹5/- each i.e. @25% for the Financial Year 2024-25 subject to the approval of shareholders in the ensuing Annual General Meeting. 3. Guarantee Support to ONGC Petro addition Limited for raising Debts upto ₹20,000 crore The Board of Directors has accorded its approval for extending Corporate Guarantee support upto ₹20,000 crore to lenders i.e. prospective banks / investors of bonds/ non-convertible debentures/ term loans/ or such debt instruments, as may be proposed to be raised, in one or more tranches by ONGC Petro addition Limited (OPaL), a subsidiary of the Company, including for refinancing of debts. 4. Appointment of Shri Ajit Singh as Chief Internal Audit of the Company Shri Ajit Singh, has been appointed as Chief Internal Audit of the Company with immediate effect in place of Shri Aniruddha Banerjee. Regd. Office: Plot No 5A-5B, Nelson Mandela Marg, Vasant Kunj, New Delhi-110070 Phone: 011-2675 4073, 011-2675 4085 EPABX: 2675 0111, 2629000 FAX: 011-26129081 CIN: L74899DL1993GOI054155 Website: www.ongcindia.com Email: secretariat@ongc.co.in A brief profile of Shri Singh and other details as per SEBI Master circular dated 11.11.2024 is attached as “Annexure-B”. 5. Disclosure under Regulation 52(7) & (2A) and Regulation 54(3) of SEBI Listing Regulations, 2015 The Company had ₹15,000 million unsecured Non-Convertible Debentures (NCDs)  as on 31.03.2025, out", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "COMPANY SECRETARIAT", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "32c9e3f29e3ed197"}, {"chunk_id": "8bd7bca91e1a40eb", "content": "5. Disclosure under Regulation 52(7) & (2A) and Regulation 54(3) of SEBI Listing Regulations, 2015 The Company had ₹15,000 million unsecured Non-Convertible Debentures (NCDs)  as on 31.03.2025, out of which ₹5,000 million unsecured NCD [ISINs INE213A08016] has been redeemed on 11.04.2025. Security Cover certificates are not applicable under Regulation 54 of SEBI Listing Regulations, 2015, as these are Unsecured NCDs. Disclosures submitted to the Stock Exchange w.r.t utilization of proceeds of NCDs and not applicability of security cover are enclosed as “Annexure-C”. The Meeting of Board of Directors commenced at 16:15 hrs and concluded at 21: 05 hrs. This is for your information and record please. Thanking You, Yours Sincerely, for Oil and Natural Gas Corporation Ltd. (Rajni Kant) Company Secretary & Compliance Officer Digitally signed by Rajni Kant DN: c=IN, o=Personal, title=7073, pseudonym=954A5E549A816A6B47885E3E3169F900, 2.5.4.20=677f08bec962d4f850597faf5e185eededb18c5a4cbfa 213bd12823b3cb4e33e, postalCode=110035, st=Delhi, serialNumber=1D6CF60A7BB339688DCD266ACA1449E01D48 E3EE8544F0E5A6019D8ED6667848, cn=Rajni Kant Date: 2025.05.21 21:31:45 +05'30' Regd. Office: Plot No 5A-5B, Nelson Mandela Marg, Vasant Kunj, New Delhi-110070 Phone: 011-2675 4073, 011-2675 4085 EPABX: 2675 0111, 2629000 FAX: 011-26129081 CIN: L74899DL1993GOI054155 Website: www.ongcindia.com Email: secretariat@ongc.co.in J Gupta & Co LLP Chartered Accountants YMCA Building", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "COMPANY SECRETARIAT", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "32c9e3f29e3ed197"}, {"chunk_id": "c3439af681151a63", "content": "CIN: L74899DL1993GOI054155 Website: www.ongcindia.com Email: secretariat@ongc.co.in J Gupta & Co LLP Chartered Accountants YMCA Building 25, Jawaharlal Nehru Road, Kolkata — 700 087 Manubhai & Shah LLP Chartered Accountants G-4, Capstone, Sheth Mangaldas Road, Ellisbridge, Ahmedabad — 380 006 V Sankar Aiyar & Co. Chartered Accountants A-601, Mangalya Building, Off. Marol Maroshi Road, Andheri (E), Mumbai — 400 059 Laxmi Tripti & Associates Chartered Accountants SL-2, Door No's 146-149, Old No. 15, Alsa Mall, Monteith Road, Egmore, Chennai — 600 008 Talati & Talati LLP Chartered Accountants A-393, Basement, Defence Colony, New Delhi — 110 024 Independent Auditors' Report on Standalone Audited Quarterly and Year to Date Financial Results of Oil and Natural Gas Corporation Limited pursuant to the requirements of Regulations 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. To, The Board of Directors of Oil and Natural Gas Corporation Limited Report on the Audit of the Standalone Financial Results Opinion We have audited the accompanying Statement containing Standalone Financial Results for the quarter and year ended March 31, 2025 of Oil and Natural Gas Corporation Limited (\"the Company\") being submitted by the Company pursuant to the requirements of Regulations 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the \"Listing Regulations\").", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "COMPANY SECRETARIAT", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "32c9e3f29e3ed197"}, {"chunk_id": "da3f3a22e364dc8d", "content": "requirements of Regulations 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the \"Listing Regulations\"). In our opinion and to the best of our information and according to the explanations given to us, the aforesaid statement: a. is presented in accordance with the requirements of Regulations 33 and 52 of the Listing Regulations in this regard; and b. gives a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards and other accounting principles generally accepted in India of the net profit, and other comprehensive income and other financial information of the Company for the quarter and year ended March 31, 2025. Independent Auditors' Report on Standalone Financial Results for the quarter and year ended March 31, 2025 of Oil and Natural Gas Corporation Limited Page 1 of 6 Manubhai & Shah LLP V Sankar Aiyar & Co. Chartered Accountants Chartered Accountants Laxmi Tripti & Associates Chartered Accountants Talati & Talati LLP Chartered Accountants Basis for Opinion We conducted our audit in accordance with the Standards on Auditing (\"SAs\") specified under Section 143(10) of the Companies Act, 2013 (\"the Act\"). Our responsibilities under those Standards are further described in the Auditor's Responsibilities section below. We are independent of the Company in accordance with the Code of Ethics", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "COMPANY SECRETARIAT", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "32c9e3f29e3ed197"}, {"chunk_id": "d83a19fd9135d272", "content": "Our responsibilities under those Standards are further described in the Auditor's Responsibilities section below. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (\"the ICAI\") together with the ethical requirements that are relevant to our audit of the Standalone Financial Results under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion.", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "COMPANY SECRETARIAT", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "32c9e3f29e3ed197"}, {"chunk_id": "1ccc30a6c122a8af", "content": "Emphasis of Matter We draw attention to the following matters in the Notes to the Standalone Financial Results:- i. Note No. 5, in respect of pending finality of Arbitration Tribunal Award on various issues related to Production Sharing Contract with respect to Panna- Mukta and Mid and South Tapti contract areas (PMT JV), demand of USD 1,624.05 million equivalent to Rs. 13,915 Crore as on March 31, 2025 (Rs. 13,538 Crore up to March 31, 2024) on the Company, to the extent of the Company's participating interest in the PMT JV, by Directorate General of Hydrocarbons is considered as contingent liability for the reason stated in the said note. ii. Note no. 6, in respect of Service Tax / GST levied on royalty on crude oil and natural gas, though demands raised by the Tax Authorities on such Service Tax / GST have been disputed, the Company has accounted for the same as liability in the books. Further, disputed demand due to penalty and other differences on such taxes of Rs. 1,960 Crore (Rs. 1,872 Crore up to March 31, 2024) and with respect to Joint Venture blocks, share of such taxes together with interest thereon of Rs. 3,290 Crore (Rs. 5,296 Crore up to March 31, 2024) for other joint venture partners not paid by them till March 31, 2025 have been considered as contingent liabilities for the reasons stated in the said note. iii. Note no. 8, in respect of refund of Rs. 2,088 Crore (Rs. 2,088 Crore up to March", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "COMPANY SECRETARIAT", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "033f6ff538c6648e"}, {"chunk_id": "1cfb3f20ff233e31", "content": "contingent liabilities for the reasons stated in the said note. iii. Note no. 8, in respect of refund of Rs. 2,088 Crore (Rs. 2,088 Crore up to March 31, 2024) of Terminal Excise Duty receivable from Director General of Foreign Trade, Government of India considered good and recoverable for the reason stated in the said note. Our opinion on the Standalone Financial Results is not modified in respect of the above matters. Independent Auditors' Report on Standalone Financial Results for the quarter and year ended on March 31, 2025 of Oil and Natural Gas Corporation Limited Page 2 of 6 Manubhai & Shah LLP V Sankar Aiyar & Co. Chartered Accountants Chartered Accountants Laxmi Tripti & Associates Chartered Accountants Talati & Talati LLP Chartered Accountants Responsibilities of Management and Those Charged With Governance for the Standalone Financial Results This Standalone Financial Results have been prepared on the basis of Standalone Financial Statements for the year ended March 31, 2025. The Company's Board of Directors are responsible for the preparation and presentation of the Standalone Financial Results that give a true and fair view of the net profit and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standards prescribed under Section 133 of the Act, read with relevant rules issued thereunder", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "COMPANY SECRETARIAT", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "033f6ff538c6648e"}, {"chunk_id": "ba6e243d775dd50b", "content": "recognition and measurement principles laid down in Indian Accounting Standards prescribed under Section 133 of the Act, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 and 52 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Standalone Financial Results that give a true and fair view and is free from material misstatement, whether due to fraud or error. In preparing the Standalone Financial Results, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "COMPANY SECRETARIAT", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "033f6ff538c6648e"}, {"chunk_id": "403b7d292fc7f2e4", "content": "accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. The Board of Directors are also responsible for overseeing the financial reporting process of the Company. Auditor's Responsibilities for the Audit of the Standalone Financial Results Our objectives are to obtain reasonable assurance about whether the Standalone Financial Results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this Standalone Financial Results. Independent Auditors' Report on Standalone Financial Results for the quarter and year ended on March 31, 2025 of Oil and Natural Gas Corporation Limited Page 3 of 6 Manubhai & Shah LLP V Sankar Aiyar & Co. Chartered Accountants Chartered Accountants Laxmi Tripti & Associates Chartered Accountants Talati & Talati LLP Chartered Accountants As part of an audit in accordance with SAs, we exercise professional judgment and", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "COMPANY SECRETARIAT", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "033f6ff538c6648e"}, {"chunk_id": "05d386d6fceb3ba8", "content": "Chartered Accountants Chartered Accountants Laxmi Tripti & Associates Chartered Accountants Talati & Talati LLP Chartered Accountants As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the Annual Standalone Financial Results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control. Evaluate the appropriateness of accounting policies used and reasonableness of accounting estimates and related disclosures made by the Board of Directors. - Conclude on the appropriateness of Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "COMPANY SECRETARIAT", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "033f6ff538c6648e"}, {"chunk_id": "12e4aa8c1ee3c44b", "content": "basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Annual Standalone Financial Results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "COMPANY SECRETARIAT", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "033f6ff538c6648e"}, {"chunk_id": "94331c275dce7162", "content": "Evaluate the overall presentation, structure and content of the Annual Standalone Financial Results, including the disclosures, and whether the Annual Standalone Financial Results represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. Independent Auditors' Report on Standalone Financial Results for the quarter and year ended on March 31, 2025 of Oil and Natural Gas Corporation Limited Page 4 of 6 Manubhai & Shah LLP V Sankar Aiyar & Co. Chartered Accountants Chartered Accountants Laxmi Tripti & Associates Chartered Accountants Talati & Talati LLP Chartered Accountants i. We have placed reliance on technical / commercial evaluation by the management in respect of categorization by the Company of wells as exploratory, development, producing and dry wells, allocation of costs incurred on them, proved (developed", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "COMPANY SECRETARIAT", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "32bb061260d3ebbb"}, {"chunk_id": "9bb4f4279965fcc4", "content": "in respect of categorization by the Company of wells as exploratory, development, producing and dry wells, allocation of costs incurred on them, proved (developed and undeveloped) / probable hydrocarbon reserves and depletion thereof on Oil and Gas Assets, impairment, liability for decommissioning costs, liability for New Exploration Licensing Policy (\"NELP\") / Hydrocarbon Exploration and Licensing Policy (\"HELP\") and nominated blocks for under performance against agreed Minimum Work Programme. ii. The Statement includes the Company's proportionate share in assets and liabilities, and proportionate share in the total value of expenditure and income of 201 blocks under NELP / HELP / Discovered Small Fields (\"DSF\") / Open Acreage Licensing Policy (\"OALP\") and Joint Operations (\"JO\") accounts for exploration and production, out of which 27 blocks have not been audited by us, the details of which are as under: • 9 blocks have been audited by other Chartered Accountants. In respect of these blocks, the Standalone Financial Results include proportionate share in assets as on March 31, 2025 amounting to Rs. 6,047.87 Crore and revenue and profit/(loss) including other comprehensive income for the year ended March 31, 2025 amounting to Rs. 5,848.37 Crore and Rs. 1,327.08 Crore respectively. Our opinion is based solely on the audit reports of the other Chartered Accountants. • 18 blocks have been certified by management. In respect of these blocks, the", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "COMPANY SECRETARIAT", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "32bb061260d3ebbb"}, {"chunk_id": "95309bfb129d0312", "content": "5,848.37 Crore and Rs. 1,327.08 Crore respectively. Our opinion is based solely on the audit reports of the other Chartered Accountants. • 18 blocks have been certified by management. In respect of these blocks, the Standalone Financial Results include proportionate share in assets as on March 31, 2025 amounting to Rs. 873.42 Crore and revenue and profit/(loss) including other comprehensive income for the year ended March 31, 2025 amounting to Rs. 4.84 Crore and Rs. (82.86) Crore respectively. Our opinion is based solely on such management certified accounts. iii. The Standalone Financial Results includes the results for the quarter ended March 31, 2025 as reported in these Standalone Financial Results are the balancing figure between audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the current financial year which were subject to limited review by us, as required under the Listing Regulations. Independent Auditors' Report on Standalone Financial Results for the quarter and year ended on March 31, 2025 of Oil and Natural Gas Corporation Limited Page 5 of 6 J Gupta & Co LLP Chartered Accountants Manubhai & Shah LLP V Sankar Aiyar & Co. Chartered Accountants Chartered Accountants Laxmi Tripti & Associates Talati & Talati LLP Chartered Accountants Chartered Accountants Our opinion on the Standalone Financial Results for the year ended March 31,", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "COMPANY SECRETARIAT", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "32bb061260d3ebbb"}, {"chunk_id": "ccf80ee9e7a11bb2", "content": "Chartered Accountants Chartered Accountants Laxmi Tripti & Associates Talati & Talati LLP Chartered Accountants Chartered Accountants Our opinion on the Standalone Financial Results for the year ended March 31, 2025 is not modified in respect of the above matters. J Gupta & Co LLP Chartered Accountants Firm Reg. No. 314010E/E300029 Manubhai & Shah LLP Chartered Accountants Firm Reg. No. 106041W/W100136 V Sankar Aiyar & Co. Chartered Accountants Firm Reg. No. 109208W", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "COMPANY SECRETARIAT", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "32bb061260d3ebbb"}, {"chunk_id": "87a63852ebeaf8fd", "content": "(CA Nancy Gupta) (CA K. B. Solanki) (CA Asha Patel) Partner Partner Partner M. No. 067953 M. No. 110299 M. No. 166048 UDIN: 25067953BMOZNE8458 UDIN: 25110299BMJOVF3565 UDIN: 25166048BMKNOJ5054 Laxmi Tripti & Associates Talati & Talati LLP Chartered Accountants Chartered Accountants Firm Reg. No. 009189C Firm Reg. No. 110758W/W100377 Rajesh Digitally signed by Rajesh Kumar Digitally signed by Kumar Gupta Amit Amit Shah Date: 2025.05.21 Gupta 19:47:33 +0530' Shah Date: 2025.05.21 19:47:52 +0530' (CA Rajesh Kumar Gupta) (CA Amit Shah) Partner Partner M. No. 077204 M. No. 122131 UDIN: 25077204BMLMFE3220 UDIN: 25122131BMOZNL1538 Independent Auditors' Report on Standalone Financial Results for the quarter and year ended on March 31, 2025 of Oil and Natural Gas Corporation Limited Page 6 of 6 OIL AND NATURAL GAS CORPORATION LIMITED CIN No. L74899DL1993G01054155 Regd.Office : Plot No. 5A- 5B, Nelson Mandela Road, Vasant Kunj, New Delhi, South West Delhi - 110070 Tel: 011-26754002, Fax: 011-26129091, E-mail: secretariat©ongc.co.in STATEMENT OF AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH, 2025 (f in Crore unless otherwise stated) Financial results for Quarter ended 31.03.2025 Quarter ended 31.12.2024 Quarter ended 31.03.2024 Year ended 31.03.2025 Year ended 31.03.2024 I Revenue from operations 34,982.23 33,716.80 34,636.69 137,846.29 138,402.13 II Other income 2,074.69 1,722.23 3,664.96 10,479.44 10,735.52 III Total income (1+11) 37,056.92 35,439.03 38,301.65 148,325.73 149,137.65 Audited Unaudited Audited Audited Audited IV EXPENSES Cost of materials consumed* 1,119.47", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "(CA Nancy Gupta) \n(CA K. B. Solanki) \n(CA Asha Patel) \nPartner \nPartner \nPartner \nM. No. 067953 \nM. No. 110299 \nM. No. 166048 \nUDIN: 25067953BMOZNE8458 \nUDIN: 25110299BMJOVF3565 \nUDIN: 25166048BMKNOJ5054 \nLaxmi Tripti & Associates \nTalati & Talati LLP \nChartered Accountants \nChartered Accountants \nFirm Reg. No. 009189C \nFirm Reg. No. \n110758W/W100377 \nRajesh \nDigitally signed by \nRajesh Kumar \nDigitally signed by \nKumar \nGupta \nAmit \nAmit Shah \nDate: 2025.05.21 \nGupta \n19:47:33 +0530' \nShah \nDate: 2025.05.21 \n19:47:52 +0530'", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "00b2ae45cae10aaf"}, {"chunk_id": "1e620b4ab6532184", "content": "137,846.29 138,402.13 II Other income 2,074.69 1,722.23 3,664.96 10,479.44 10,735.52 III Total income (1+11) 37,056.92 35,439.03 38,301.65 148,325.73 149,137.65 Audited Unaudited Audited Audited Audited IV EXPENSES Cost of materials consumed* 1,119.47 874.32 946.92 3,606.19 3,799.66 Purchase of stock-in-trade - 148.13 - 148.13 Changes in inventories of finished/ semi finished goods and work in progress 54.96 (82.76) (900.34) 616.82 (772.00) Employee benefits expense** 578.32 658.65 684.65 2,714.31 2,784.62 Statutory levies 6,736.87 6,629.64 9,037.55 30,967.97 36,797.47 Exploration costs written off a. Survey Costs 873.46 458.04 721.88 2,345.76 1,879.08 b. Exploratory well Costs 4,173.04 1,467.05 793.97 7,479.96 3,689.65 Finance costs 1,190.09 1,074.95 1,034.85 4,603.97 4,061.31 Depreciation, depletion, amortisation and impairment 6,078.53 6,778.76 5,675.47 24,352.44 20,495.71 Other expenses 7,484.75 6,431.99 7,446.32 24,730.37 23,365.94 Total expenses (IV) 28,289.49 24,438.77 25,441.27 101,565.92 96,121.44 V Profit before exceptional items and tax (1114V) 8,767.43 11,000.26 12,860.38 46,759.81 53,016.21 VI Exceptional items - - - - VII Profit before tax (V+Vl) 8,767.43 11,000.26 12,860.38 46,759.81 53,016.21 VIII Tax expense: (a) Current tax relating to: - current year 3,204.68 3,220.88 2,599.66 12,235.83 12,062.66 - earlier years 1.20 (14.72) - (13.52) (94.82) (b) Deferred tax (886.73) (445.82) 391.35 (1,072.82) 522.41 Total tax expense (VIII) 2,319.15 2,760.34 2,991.01 11,149.49 12,490.25 IX Profit for the period (VII-VIII) 6,448.28 8,239.92 9,869.37 35,610.32 40,525.96 X", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "(CA Nancy Gupta) \n(CA K. B. Solanki) \n(CA Asha Patel) \nPartner \nPartner \nPartner \nM. No. 067953 \nM. No. 110299 \nM. No. 166048 \nUDIN: 25067953BMOZNE8458 \nUDIN: 25110299BMJOVF3565 \nUDIN: 25166048BMKNOJ5054 \nLaxmi Tripti & Associates \nTalati & Talati LLP \nChartered Accountants \nChartered Accountants \nFirm Reg. No. 009189C \nFirm Reg. No. \n110758W/W100377 \nRajesh \nDigitally signed by \nRajesh Kumar \nDigitally signed by \nKumar \nGupta \nAmit \nAmit Shah \nDate: 2025.05.21 \nGupta \n19:47:33 +0530' \nShah \nDate: 2025.05.21 \n19:47:52 +0530'", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "00b2ae45cae10aaf"}, {"chunk_id": "874f7649f606f846", "content": "(13.52) (94.82) (b) Deferred tax (886.73) (445.82) 391.35 (1,072.82) 522.41 Total tax expense (VIII) 2,319.15 2,760.34 2,991.01 11,149.49 12,490.25 IX Profit for the period (VII-VIII) 6,448.28 8,239.92 9,869.37 35,610.32 40,525.96 X Other comprehensive income (OCI) (a) Items that will not be reclassified to profit or loss (i) Re-measurement of the defined benefit obligations (593.94) (43.96) (258.04) (726.19) (418.61) - Deferred Tax 149.49 11.06 64.95 182.77 105.36 (ii) Equity instruments through other comprehensive income (2,006.48) (10,384.51) 8,221.20 (7,968.30) 20,502.10 - Deferred Tax 218.34 1,195.96 (727.68) 191.89 (1,815.60) Total other comprehensive income (X) (2,232.59) (9,221.45) 7,300.43 (8,319.83) 18,373.05 XI Total comprehensive income for the period (IX+X) 4,215.69 (981.53) 17,169.80 27,290.49 58,899.01 XII Paid-up Equity Share Capital (Face value of f 5/- each) 6,290.14 6,290.14 6,290.14 6,290.14 6,290.14 XIII Net worth\" 316,283.58 318,358.04 305,976.51 316,283.58 305,976.51 XIV Paid up Debt Capital / Outstanding Debts 8,407.68 6,592.74 6,109.25 8,407.68 6,109.25 XV Other equity 309,993.44 312,067.90 299,686.37 309,993.44 299,686.37 XVI Capital Redemption Reserve 126.48 126.48 126.48 126.48 126.48 XVII Debenture Redemption Reserve* Not applicable Not applicable Not applicable Not applicable Not applicable XVIII Earnings Per Share (Face value of Z 5/- each) - not annualised (a) Basic (z) 5.13 6.55 7.85 28.31 32.21 (b) Diluted (Z) 5.13 6.55 7.85 28.31 32.21 XIX Debt Equity Ratio\" 0.03 0.02 0.02 0.03 0.02 XX Debt Service Coverage Ratio\" 167.92 196.03 8.90 222.33 19.37 XXI", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "(CA Nancy Gupta) \n(CA K. B. Solanki) \n(CA Asha Patel) \nPartner \nPartner \nPartner \nM. No. 067953 \nM. No. 110299 \nM. No. 166048 \nUDIN: 25067953BMOZNE8458 \nUDIN: 25110299BMJOVF3565 \nUDIN: 25166048BMKNOJ5054 \nLaxmi Tripti & Associates \nTalati & Talati LLP \nChartered Accountants \nChartered Accountants \nFirm Reg. No. 009189C \nFirm Reg. No. \n110758W/W100377 \nRajesh \nDigitally signed by \nRajesh Kumar \nDigitally signed by \nKumar \nGupta \nAmit \nAmit Shah \nDate: 2025.05.21 \nGupta \n19:47:33 +0530' \nShah \nDate: 2025.05.21 \n19:47:52 +0530'", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "00b2ae45cae10aaf"}, {"chunk_id": "be630d775618507b", "content": "(a) Basic (z) 5.13 6.55 7.85 28.31 32.21 (b) Diluted (Z) 5.13 6.55 7.85 28.31 32.21 XIX Debt Equity Ratio\" 0.03 0.02 0.02 0.03 0.02 XX Debt Service Coverage Ratio\" 167.92 196.03 8.90 222.33 19.37 XXI Interest Service Coverage Ratio\" 167.92 196.03 229.94 222.33 165.16 XXII Current Ratio\" 1.40 1.74 1.58 1.40 1.58 XXIII Long Term Debt to Working Capital\" 0.26 0.16 0.16 0.26 0.16 XXIV Bad debts to Account Receivable Ratio\" - - - - - )0(V Current Liability Ratio\" 0.28 0.25 0.30 0.28 0.30 XXVI Total Debts to Total Assets\" 0.02 0.01 0.01 0.02 0.01 XXVII Debtors Turnover\" 3.44 3.45 3.12 12.71 12.78 XXVIII Inventory Turnover\" 3.05 3.07 3.39 12.40 14.54 XXIX Operating Margin (%)\" 28.46 35.81 40.12 37.26 41.25 )00( Net Profit Margin (%)\" 18.43 24.44 28.49 25.83 29.28 * Represents consumption of raw materials and stores & spares. ** Employee benefits expense shown above is net of allocation to different activities. $ comprises non-current and current borrowings. # Debenture Redemption Reserve is not required to be created by the company as per Companies (Share Capital and Debentures) Rules, 2014, as amended. ## Refer Note No.9. OIL AND NATURAL GAS CORPORATION LIMITED CIN No. L74899DL1993G01054155 Regd.Office : Plot No. 5A- 5B, Nelson Mandela Road, Vasant Kunj, New Delhi, South West Delhi — 110070 Tel: 011-26754002, Fax: 011-26129091, E-mail: secretariat©ongc.co.in STATEMENT OF STANDALONE ASSETS & LIABILITIES AS AT 31ST MARCH, 2025", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "(CA Nancy Gupta) \n(CA K. B. Solanki) \n(CA Asha Patel) \nPartner \nPartner \nPartner \nM. No. 067953 \nM. No. 110299 \nM. No. 166048 \nUDIN: 25067953BMOZNE8458 \nUDIN: 25110299BMJOVF3565 \nUDIN: 25166048BMKNOJ5054 \nLaxmi Tripti & Associates \nTalati & Talati LLP \nChartered Accountants \nChartered Accountants \nFirm Reg. No. 009189C \nFirm Reg. No. \n110758W/W100377 \nRajesh \nDigitally signed by \nRajesh Kumar \nDigitally signed by \nKumar \nGupta \nAmit \nAmit Shah \nDate: 2025.05.21 \nGupta \n19:47:33 +0530' \nShah \nDate: 2025.05.21 \n19:47:52 +0530'", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "00b2ae45cae10aaf"}, {"chunk_id": "5085402c4422e97c", "content": "Particulars M at March 31, 2025 M at March 31, 2024 Audited Audited I. ASSETS (1) Non-current assets (a) Property, Plant and Equipment (i) Oil and Gas Assets (a) Tangible 148,352.51 137,366.30 (b) Intangible 329.22 362.90 (ii) Other Property, Plant and Equipment 13,333.10 12,719.34 (iii) Right-of-use assets 27,911.65 28,428.02 (b) Capital work in progress (i) Oil and Gas Assets 1) Development wells in progress 3,867.36 8,773.93 2) Oil and gas facilities in progress 21,853.17 21,445.35 (ii) Others 3,275.49 3,111.52 (c) Intangible assets 240.21 245.82 (d) Intangible assets under development (1) Exploratory wells in progress 15,368.04 15,563.47 (2) Intangible oil and gas assets in progress 5,695.76 4,219.24 (e) Financial assets (i) Investments 112,678.11 105,371.37 (ii) Loans 2,082.91 1,927.60 (iii) Deposits under site restoration fund 30,391.00 28,205.54 (iv) Others 289.10 217.69 (f) Non-current tax assets (net) 12,237.51 11,396.95 (g) Other non-current assets 786.10 924.25 Total non- current assets 398,691.24 380,279.29 (2) Current assets (a) Inventories 11,521.32 10,711.81 (b) Financial assets (i) Investments - 197.51 (ii) Trade receivables 10,283.80 11,409.74 (iii) Cash and cash equivalents 10.08 34.55 (iv) Other bank balances 15,485.55 29,996.75 (v) Loans 309.84 282.28 (vi) Others 10,752.15 8,455.34 (c) Other current assets 4,598.78 4,653.63 Total current assets 52,961.52 65,741.61 Total assets 451,652.76 446,020.90 II. EQUITY AND LIABILITIES EQUITY (a) Equity share capital 6,290.14 6,290.14 (b) Other equity 309,993.44 299,686.37 Total equity 316,283.58 305,976.51 LIABILITIES (1) Non-current liabilities (a)", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "(CA Nancy Gupta) \n(CA K. B. Solanki) \n(CA Asha Patel) \nPartner \nPartner \nPartner \nM. No. 067953 \nM. No. 110299 \nM. No. 166048 \nUDIN: 25067953BMOZNE8458 \nUDIN: 25110299BMJOVF3565 \nUDIN: 25166048BMKNOJ5054 \nLaxmi Tripti & Associates \nTalati & Talati LLP \nChartered Accountants \nChartered Accountants \nFirm Reg. No. 009189C \nFirm Reg. No. \n110758W/W100377 \nRajesh \nDigitally signed by \nRajesh Kumar \nDigitally signed by \nKumar \nGupta \nAmit \nAmit Shah \nDate: 2025.05.21 \nGupta \n19:47:33 +0530' \nShah \nDate: 2025.05.21 \n19:47:52 +0530'", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d66ed6679432548e"}, {"chunk_id": "03dbb333a50510c2", "content": "65,741.61 Total assets 451,652.76 446,020.90 II. EQUITY AND LIABILITIES EQUITY (a) Equity share capital 6,290.14 6,290.14 (b) Other equity 309,993.44 299,686.37 Total equity 316,283.58 305,976.51 LIABILITIES (1) Non-current liabilities (a) Financial liabilities (i) Borrowings 3,559.79 3,988.25 (ii) Lease Liabilities 19,925.29 21,412.33 (iii) Others 210.19 179.63 (b) Provisions 50,532.04 48,170.30 (c) Deferred tax liabilities (net) 23,261.35 24,708.83 (d) Other non-current liabilities 7.62 16.55 Total non- current liabilities 97,496.28 98,475.89 (2) Current liabilities (a) Financial liabilities (i) Borrowings 4,847.89 2,121.00 (ii) Lease Liabilities 9,514.01 7,617.88 (iii) Trade payables - to micro and small enterprises 355.11 398.68 - to other than micro and small enterprises 5,293.73 5,983.42 (iv) Others 12,350.65 19,510.53 (b) Other current liabilities 2,599.78 3,401.02 (c) Provisions 2,911.73 2,535.97 Total current liabilities 37,872.90 41,568.50 Total liabilities 135,369.18 140,044.39 Total equity and liabilities 451,652.76 446,020.90 OIL AND NATURAL GAS CORPORATION LIMITED CIN No. L74899DL1993G01054155 Regd.Office : Plot No. 5A- 5B, Nelson Mandela Road, Vasant Kunj, New Delhi, South West Delhi — 110070 Tel: 011-26754002, Fax: 011-26129091, E-mail: secretariat@ongc.co.in STANDALONE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST MARCH, 2025 (Tin Crore) Particulars Year ended 31.03.2025 Year ended 31.03.2024 i) CASH FLOWS FROM OPERATING ACTIVITIES: Net Profit after tax 35,610.32 40,525.96 Adjustments for: - Income tax expense 11,149.49 12,490.25", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "(CA Nancy Gupta) \n(CA K. B. Solanki) \n(CA Asha Patel) \nPartner \nPartner \nPartner \nM. No. 067953 \nM. No. 110299 \nM. No. 166048 \nUDIN: 25067953BMOZNE8458 \nUDIN: 25110299BMJOVF3565 \nUDIN: 25166048BMKNOJ5054 \nLaxmi Tripti & Associates \nTalati & Talati LLP \nChartered Accountants \nChartered Accountants \nFirm Reg. No. 009189C \nFirm Reg. No. \n110758W/W100377 \nRajesh \nDigitally signed by \nRajesh Kumar \nDigitally signed by \nKumar \nGupta \nAmit \nAmit Shah \nDate: 2025.05.21 \nGupta \n19:47:33 +0530' \nShah \nDate: 2025.05.21 \n19:47:52 +0530'", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d66ed6679432548e"}, {"chunk_id": "8827ee7e60c61181", "content": "(Tin Crore) Particulars Year ended 31.03.2025 Year ended 31.03.2024 i) CASH FLOWS FROM OPERATING ACTIVITIES: Net Profit after tax 35,610.32 40,525.96 Adjustments for: - Income tax expense 11,149.49 12,490.25 - Depreciation, depletion, amortisation and impairment 24,352.44 20,495.71 - Exploratory well costs written off 7,479.96 3,689.65 - Finance cost 4,603.97 4,081.31 - Unrealized foreign exchange loss/(gain) 881.52 189.32 - Other impairment and write offs 2,805.23 2,918.72 - Excess provision written back (17.25) (28.26) - Interest income (net of interest on income tax refund) (4,876.66) (4,601.51) - Loss / (gain) on fair valuation of financial instruments 165.06 180.36 - Amortization of financial guarantee (36.57) (38.83) - Gain on revaluation / redemption of financial liability towards CCDs (Net) (94.93) (366.33) - Re-measurement of defined benefit plans (726.19) (418.61) - Liabilities no longer required written Back (158.43) (860.91) - Amortization of government grant (1.11) (1.41) - Loss / (profit) on sale of investment (85.71) (30.96) - Profit on sale of non-current assets (1.01) (1.31) - Pass through gain from AIF-Startup fund trust (1.99) - - Dividend income (3,460.39) 41,977.43 (3,430.31) 34,266.88 Operating Profit before Working Capital Changes 77,587.75 74,792.84 Adjustments for: - Receivables 1,094.42 (1,245.57) - Loans and advances (112.60) 464.41 - Other assets 872.94 1,621.13 - Inventories (840.50) (2,466.33) - Trade payable and other liabilities 7,470.91 8,485.17 4,037.22 2,410.86 Cash generated from operations 86,072.92 77,203.70", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "(CA Nancy Gupta) \n(CA K. B. Solanki) \n(CA Asha Patel) \nPartner \nPartner \nPartner \nM. No. 067953 \nM. No. 110299 \nM. No. 166048 \nUDIN: 25067953BMOZNE8458 \nUDIN: 25110299BMJOVF3565 \nUDIN: 25166048BMKNOJ5054 \nLaxmi Tripti & Associates \nTalati & Talati LLP \nChartered Accountants \nChartered Accountants \nFirm Reg. No. 009189C \nFirm Reg. No. \n110758W/W100377 \nRajesh \nDigitally signed by \nRajesh Kumar \nDigitally signed by \nKumar \nGupta \nAmit \nAmit Shah \nDate: 2025.05.21 \nGupta \n19:47:33 +0530' \nShah \nDate: 2025.05.21 \n19:47:52 +0530'", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d66ed6679432548e"}, {"chunk_id": "a3d914706762f39d", "content": "- Loans and advances (112.60) 464.41 - Other assets 872.94 1,621.13 - Inventories (840.50) (2,466.33) - Trade payable and other liabilities 7,470.91 8,485.17 4,037.22 2,410.86 Cash generated from operations 86,072.92 77,203.70 Income taxes paid (net of tax refund) (13,062.68) (11,868.17) Net cash generated by operating activities \"A\" Payments for property, plant and equipment (27,215.77) (24,212.82) ii) CASH FLOWS FROM INVESTING ACTIVITIES: Exploratory and development drilling (14,105.77) (13,551.22) Proceeds from disposal of property, plant and equipment 138.36 97.17 Investment in term deposits 11,180.47 (10,325.94) Redemption / (investment) in mutual funds (net) 85.71 30.96 Investment in joint ventures (8.20) (24.36) Investment-others 197.51 - Withdrawal / (deposit) in site restoration fund (2,185.46) (1,794.94) Sale / (investment) in subsidiaries (22,965.28) (10.02) Dividends received from subsidiaries, associates and joint ventures 1,843.95 1,645.96 Dividends received on other investments 1,616.44 1,784.35 Interest received 4,629.14 3,667.29 Net cash (used in)/generated by investing activities \"B\" iii) CASH FLOWS FROM FINANCING ACTIVITIES: (46,788.90) (42,693.57) Repayment of non-current borrowing - (2,640.00) Proceeds / repayment of current borrowings (net) 2,226.89 1,492.00 Interest expense on lease liabilities (1,635.14) (1,357.06) Payment of lease liabilities (net of interest) (9,623.40) (6,938.03) Dividends paid on equity shares (16,984.74) (12,894.90) Interest paid (229.42) (346.61) Net cash used in financing activities \"C\" (26,245.81) (22,684.60)", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "(CA Nancy Gupta) \n(CA K. B. Solanki) \n(CA Asha Patel) \nPartner \nPartner \nPartner \nM. No. 067953 \nM. No. 110299 \nM. No. 166048 \nUDIN: 25067953BMOZNE8458 \nUDIN: 25110299BMJOVF3565 \nUDIN: 25166048BMKNOJ5054 \nLaxmi Tripti & Associates \nTalati & Talati LLP \nChartered Accountants \nChartered Accountants \nFirm Reg. No. 009189C \nFirm Reg. No. \n110758W/W100377 \nRajesh \nDigitally signed by \nRajesh Kumar \nDigitally signed by \nKumar \nGupta \nAmit \nAmit Shah \nDate: 2025.05.21 \nGupta \n19:47:33 +0530' \nShah \nDate: 2025.05.21 \n19:47:52 +0530'", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d66ed6679432548e"}, {"chunk_id": "b039551f3a7cd5ec", "content": "(1,357.06) Payment of lease liabilities (net of interest) (9,623.40) (6,938.03) Dividends paid on equity shares (16,984.74) (12,894.90) Interest paid (229.42) (346.61) Net cash used in financing activities \"C\" (26,245.81) (22,684.60) Net increase / (decrease) in cash and cash equivalents (A+B+C) (24.47) (42.64) Cash and cash equivalents at the beginning of the period 34.55 77.19 Cash and cash equivalents at the end of the period 10.08 34.55", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "(CA Nancy Gupta) \n(CA K. B. Solanki) \n(CA Asha Patel) \nPartner \nPartner \nPartner \nM. No. 067953 \nM. No. 110299 \nM. No. 166048 \nUDIN: 25067953BMOZNE8458 \nUDIN: 25110299BMJOVF3565 \nUDIN: 25166048BMKNOJ5054 \nLaxmi Tripti & Associates \nTalati & Talati LLP \nChartered Accountants \nChartered Accountants \nFirm Reg. No. 009189C \nFirm Reg. No. \n110758W/W100377 \nRajesh \nDigitally signed by \nRajesh Kumar \nDigitally signed by \nKumar \nGupta \nAmit \nAmit Shah \nDate: 2025.05.21 \nGupta \n19:47:33 +0530' \nShah \nDate: 2025.05.21 \n19:47:52 +0530'", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d66ed6679432548e"}, {"chunk_id": "1b2afa0c952729b4", "content": "C1N No. L74899DL1993G01054155 Regd.Office : Plot No. 5A- 5B, Nelson Mandela Road, Vasant Kunj, New Delhi, South West Delhi — 110070 Tel: 011-26754002, Fax: 011-26129091, E-mail: secretariat@ongc.co.in STANDALONE SEGMENT WISE REVENUE, RESULTS, ASSETS & LIABILITIES in Crore) SI. No. Particulars Quarter ended 31.03.2025 Quarter ended 31.12.2024 Quarter ended 31.03.2024 Year ended 31.03.2025 Year ended 31.03.2024 Audited Unaudited Audited Audited Audited 1 Segment Revenue Revenue from Operations a) Offshore 24,782.70 23,653.15 23,890.68 95,627.26 94,270.18 b) Onshore 10,199.53 10,063.65 10,746.01 42,219.03 44,131.95 Total 34,982.23 33,716.80 34,636.69 137,846.29 138,402.13 Less: Inter Segment Operating Revenue - - - - - Revenue from operations 34,982.23 33,716.80 34,636.69 137,846.29 138,402.13 2 Segment Result Profit(+)/Loss(-) before tax and interest from each segment a) Offshore 7,994.49 9,606.87 11,544.21 38,382.89 44,408.16 b) Onshore 1,553.97 1,653.69 556.84 6,688.97 6,184.73 Total 9,548.46 11,260.56 12,101.05 45,071.86 50,592.89 Less: i. Finance Cost 1,190.09 1,074.95 1,034.85 4,603.97 4,081.31 ii. Other unallocable expenditure net of unallocable income. (409.06) (814.65) (1,794.18) (6,291.92) (6,504.63) Profit before Tax 8,767.43 11,000.26 12,860.38 46,759.81 53,016.21 3 Segment Assets a) Offshore 195,199.96 196,354.51 190,455.76 195,199.96 190,455.76 b) Onshore 82,639.76 81,161.94 78,647.05 82,639.76 78,647.05 c) Other Unallocated 173,813.04 175,271.10 176,918.09 173,813.04 176,918.09 Total 451,652.76 452,787.55 446,020.90 451,652.76 446,020.90 4 Segment Liabilities a) Offshore 84,446.50 84,471.65 82,608.78 84,446.50 82,608.78 b) Onshore", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "QP I\nonoc", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4e4162106683c573"}, {"chunk_id": "fd7251ac4fcc5af1", "content": "82,639.76 78,647.05 c) Other Unallocated 173,813.04 175,271.10 176,918.09 173,813.04 176,918.09 Total 451,652.76 452,787.55 446,020.90 451,652.76 446,020.90 4 Segment Liabilities a) Offshore 84,446.50 84,471.65 82,608.78 84,446.50 82,608.78 b) Onshore 19,376.57 19,588.95 19,318.21 19,376.57 19,318.21 c) Other Unallocated 31,546.11 30,368.91 38,117.40 31,546.11 38,117.40 Total 135,369.18 134,429.51 140,044.39 135,369.18 140,044.39 Note:- Above segment information has been classified based on Geographical Segment. 1. The standalone financial results of the Company for the quarter and year ended March 31, 2025 have been reviewed and recommended by the Audit Committee and approved by the Board of Directors in their respective meetings held on May 21, 2025. 2. The audited accounts are subject to review by the Comptroller and Auditor General of India under section 143(6) of the Companies Act, 2013. 3. The figures for the quarter ended March 31, 2025 are the balancing figures between audited figures in respect of the full fmancial year and the reviewed year-to-date figures upto the third quarter of the financial year. 4. The financial results have been audited by the Statutory Auditors as required under Regulation 33 and 52 of SEBI (Listing Obligations and Disclosure Requirements), Regulation, 2015. The Statutory Auditors have issued unmodified opinion on the standalone financial results for the year ended March 31, 2025. 5.", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "QP I\nonoc", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4e4162106683c573"}, {"chunk_id": "ef1e10028b0b62d9", "content": "The Statutory Auditors have issued unmodified opinion on the standalone financial results for the year ended March 31, 2025. 5. The Company, with 40% Participating Interest (PI), was a Joint Operator in Panna-Mukta and Mid & South Tapti Fields along with Reliance Industries Limited (RIL) and BG Exploration and Production India Limited (BGEPIL) each having 30% PI, (all three together referred to as \"Contractors\") signed two Production Sharing Contracts (PSCs) with Government of India (Union of India) on December 22, 1994 for a period of 25 years. The PSCs for Panna-Mukta and Mid & South Tapti have expired on December 21, 2019. In terms of the Panna-Mukta Field Asset Handover Agreement, the Contractors of PMT JV are liable for the pre-existing liability. In December 2010, RIL & BGEPIL (JV Partners) invoked an international arbitration proceeding against the Union of India in respect of certain disputes, differences and claims arising out of and in connection with both the PSCs. The Ministry of Petroleum and Natural Gas (MoP&NG), vide their letter dated July 04, 2011, had directed the Company not to participate in the Arbitration initiated by the JV Partners (RIL & BGEPIL). MoP&NG has also stated that the Arbitral Award would be applicable to the Company also as a constituent of the Contractor for both the PSCs. Directorate General of Hydrocarbons (DGH), vide letter dated May 25, 2017 had informed the", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "QP I\nonoc", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4e4162106683c573"}, {"chunk_id": "986e314a57e641da", "content": "Contractor for both the PSCs. Directorate General of Hydrocarbons (DGH), vide letter dated May 25, 2017 had informed the Company that on October 12, 2016, a Final Partial Award (FPA) was pronounced by the Tribunal in the said arbitrations. As informed by BGEPIL that on issues relating to the aforesaid disputes, additional Audit Award on January 11, 2018, Agreement Case Award on October 01, 2018 and Jurisdictional Award on March 12, 2019 were pronounced. However, the details of proceedings of the FPA and other Orders are not available with the Company. DGH, vide their letters dated May 25, 2017 and June 04, 2018, marked to the Contractors, had directed the payment of differential Government of India share of Profit Petroleum and Royalty alleged to be payable by Contractors pursuant to Government's interpretation of the FPA (40% share of the Company amounting to US$ 1,624.05 million, including interest up to November 30, 2016) equivalent to 13,915 Crore as on March 31, 2025 (March 31, 2024: 13,538 Crore). In response to the letters of DGH, the JV partners (with a copy marked to all Joint Venture Partners) had stated that demand of DGH was premature as the FPA did not make any money award in favour of Government of India, since quantification of liabilities were to be determined during the final proceedings of the arbitration. Further the award had also been challenged before the English Commercial Court (London High Court).", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "QP I\nonoc", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4e4162106683c573"}, {"chunk_id": "36a2e1b7e8527749", "content": "during the final proceedings of the arbitration. Further the award had also been challenged before the English Commercial Court (London High Court). Based on the above facts, the Company had also responded to the letters of DGH stating that pending finality of the order, the amount due and payable by the Company was not quantifiable. In view of the Company, if any changes are approved for increase in the Cost Recovery Limit (CRL) by the Arbitral Tribunal as per the terms of the PSCs the liability to Government of India (GOI) would potentially reduce. The English Court has delivered its fmal verdict on May 02, 2018 following which the Arbitral Tribunal re-considered some of its earlier findings from the 2016 FPA (Revised Award). The GOI and JV Partners have challenged parts of the Revised Award before English Court. On February 12, 2020, the English Court passed a verdict favouring the challenges made by RIL & BGEPIL and also remitted the matter in the Revised Award back to Arbitral Tribunal for reconsideration. BGEPIL has informed that the Tribunal issued a verdict in January 2021, favouring RIL / BGEPIL on the remitted matter, which was challenged by the GOI before the English Court. The English Court delivered its verdict on June 09, 2022 dismissing the GoI's challenges and upholding the Revised Agreements Award. The GOI filed an appeal against the", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "QP I\nonoc", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4e4162106683c573"}, {"chunk_id": "044a3318339796f4", "content": "Based on the information shared by BGEPIL, the GOI has also filed an execution petition before the Hon'ble Delhi High Court seeking enforcement and execution of the October 12, 2016 FPA. RIL / BGEPIL contend that GOI' s execution petition is not maintainable and have opposed the reliefs sought by the GOI under the said petition. The hearings in the matter before the Hon'ble Delhi High Court concluded on August 04, 2022. The Delhi High Court issued a judgment dated June 02, 2023 that the Government's Execution Petition in respect of the 2016 FPA is premature, not maintainable and stands dismissed. The Government has filed an appeal against this verdict before a division bench of the Delhi High Court that is presently pending for final hearing. In January 2018, the Company along with the JV partners had filed an application with MC for increase in Cost Recovery Limit (CRL) in terms of the PSCs. The application has been rejected by MC. Pursuant to the rejection, the JV partners have filed a claim with Arbitral Tribunal. One of the JV partners has further informed the Company that the hearing before the Arbitral Tribunal in respect of the CRL increase applications filed by RIL & BGEPIL has been concluded in February 2023, and an award is presently expected by December 2025. DGH vide letter dated January 14, 2019 has advised to the contractors to re-cast the accounts for Panna-Mukta and Mid & South Tapti Fields for the year 2017-18.", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "QP I\nonoc", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d81b9d5c5445fd53"}, {"chunk_id": "913b22576b1cab7d", "content": "DGH vide letter dated January 14, 2019 has advised to the contractors to re-cast the accounts for Panna-Mukta and Mid & South Tapti Fields for the year 2017-18. Pending fmalization of the decision of the Arbitral Tribunal, the JV partners and the Company had indicated in their letters to DGH that the final recasting of the accounts was premature and thus the issues raised by DGH may be kept in abeyance. During the financial year 2010-11, the Oil Marketing Companies, nominees of the GOI recovered US$ 80.18 million (Share of the Company US$ 32.07 million equivalent to 275 Crore as on March 31, 2025 (March 31, 2024: 267 Crore) as per directives of GOI in respect of Joint Operations — Panna-Mukta and Tapti Production Sharing Contracts (PSCs). The recovery is towards certain observations raised by auditors appointed by DGH under the two PSCs for the period 2002-03 to 2005-06 in respect of cost and profit petroleum share payable to GOI. Pending fmality by Arbitration Tribunal on various issues raised above, re-casting of the financial statements and final quantification of liabilities, no provision has been accounted in the financial statements. The demand raised by DGH, amounting to US$ 1,624.05 million equivalent to 13,915 Crore as on March 31, 2025 (March 31, 2024: 13,538 Crore) has been considered as contingent liability. The above disclosure is based on the information provided by BGEPIL a joint operator of PMT", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "QP I\nonoc", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d81b9d5c5445fd53"}, {"chunk_id": "49e1a9ae425c3e6f", "content": "considered as contingent liability. The above disclosure is based on the information provided by BGEPIL a joint operator of PMT JV as ONGC has been advised by Govt. of India (MoP&NG) vide their letter dated July 04, 2011 not to participate in Arbitration initiated by RIL & BGEPIL under Panna-Mukta and Mid & South Tapti PSCs. However, in case of an arbitral award, same will be applicable to ONGC also as a constituent of the contractor for both the PSCs. 6. A. The Company had received demand orders from Service Tax Department at various work centres on account of Service Tax on Royalty in respect of Crude oil and Natural gas. Appeals against such orders have been filed before the Tribunals and the status are under: i. The Chennai Tribunal vide Order dated January 09, 2024 has set aside the demand of Service Tax on Royalty. ii. The Ahmedabad Tribunal adjourned the matter sine-die vide order dated June 25, 2019, against which the Company has filed writ petition before Hon'ble Gujarat High Court. In this matter, Hon'ble Gujarat High Court in the hearing held on January 04, 2021 directed the revenue authorities to file counter affidavit by January 21, 2021 which were filed on January 20, 2021. Subsequently, Hon'ble Gujarat High Court disposed of writ petition and directed the Company to file early hearing application before the Ahmedabad Tribunal and Tribunal to hear the same in view of the above Chennai Tribunal Order.", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "QP I\nonoc", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d81b9d5c5445fd53"}, {"chunk_id": "d01ede98e7c637eb", "content": "the Company to file early hearing application before the Ahmedabad Tribunal and Tribunal to hear the same in view of the above Chennai Tribunal Order. The Company has filed the early hearing application before Ahmedabad Tribunal on April 10, 2024, however, the hearing is not yet scheduled. iii. The matter before Mumbai Tribunal is also yet to be scheduled. B. The Company had also obtained legal opinion as per which the Service Tax/GST on Royalty in respect of Crude oil and Natural gas is not applicable. However, the litigation has continued under GST regime also, the status of which are as under: i. Demand order dated January 01, 2019 was received by the Company on account of GST on Royalty in the State of Rajasthan. The Company filed writ petition before Hon'ble High Court of Rajasthan. The Hon'ble High Court of Rajasthan heard the matter on April 03, 2019 and issued notice to Department with a direction that no coercive action shall be taken against the Company. The final hearing has not yet taken place. ii. The Company also filed writ of mandamus before Hon'ble High Court of Madras seeking stay on the levy of GST on royalty. The Hon'ble High Court of Madras heard the matter on April 03, 2019 and issued notice to Central Government and State Government. The Central Government filed their counter affidavit on August 26, 2019. The Company filed additional", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "QP I\nonoc", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d81b9d5c5445fd53"}, {"chunk_id": "75d424dc99312635", "content": "April 03, 2019 and issued notice to Central Government and State Government. The Central Government filed their counter affidavit on August 26, 2019. The Company filed additional grounds to the writ petition and filed rejoinder to the counter of the Central Government on January 24, 2020. The Hon'ble High Court of Madras closed the writ petition in hearing held on July 06, 2022 based on the department's rejection of Company's GST refund applications without further examination on merit. However, liberty was granted to challenge the refund rejection order of department in accordance with law, accordingly, an appeal has been filed before the appellate authority challenging the department's refund rejection order dated June 24, 2022. iii. Disputes are also pending at various forums for various work centres in respect to GST on Royalty. As an abundant caution, the Company has deposited the disputed Service Tax and GST on royalty along with interest under-protest amounting to 16,466 Crore up to March 31, 2025 (Z 14,066 Crore up to March 31, 2024). The Company shall continue to contest such disputed matters before various forums based on the legal opinion as per which the Service Tax/GST on Royalty in respect of Crude oil and Natural gas is not applicable. However, considering the pendency of the decision in a similar matter by the Nine Judges' Bench of Hon'ble Supreme Court and keeping in view", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "QP I\nonoc", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d81b9d5c5445fd53"}, {"chunk_id": "c15934f2f4d02119", "content": "and Natural gas is not applicable. However, considering the pendency of the decision in a similar matter by the Nine Judges' Bench of Hon'ble Supreme Court and keeping in view the considerable time lapsed, the company reviewed the entire issue of disputed Service Tax and GST on royalty and decided to make provision towards these disputed taxes as a prudent and conservative practice in respect of the nominated fields, as per agreed terms in JV blocks where there are no disputes amongst the JV partners and to the extent of company's participating interest in the JV blocks where there are disputes amongst the JV partners. The Nine Judges' Bench of the Hon'ble Supreme Court has pronounced its decision on the said", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "QP I\nonoc", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d81b9d5c5445fd53"}, {"chunk_id": "909964191917f3c9", "content": "pending matter in a similar case vide its order dated July 25, 2024 and has, inter-alia, stated that royalty paid under Mines and Minerals (Development and Regulation) Act (MMDR Act) is not a tax. However, the nature of royalty being paid under Oilfields (Regulation and Development) Act (ORD Act) is to be decided by the Court separately as it has the distinct constitutional provision. Accordingly, the Company has made provision in the books to the extent of 17,119 Crore towards disputed ST/GST on Royalty (together with interest thereon) for the period from April 01, 2016 to March 31, 2025 (Z 14,654 Crore till March 31, 2024). The provision pertaining to the FY 2024-2025 is 2,466 Crore. In respect of the liability towards ST/GST on royalty relating to JV blocks to the extent of the share of JV partners where there are disputes, the company is of the view that the Service Tax/GST, if applicable on royalty, will be required to be discharged by the JV partners in their respective share of participating interest in the JV blocks, even if ONGC is a licensee. This view of the company is duly backed by a legal opinion from the Additional Solicitor General of India (ASGI) in the context of the arbitration between the Company and JV Partners relating to Rajasthan JV where fresh arbitration has been recommended in view of the non-consideration of the terms and conditions of PSC which obligates the JV Partners to pay taxes including service tax", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "QP I\nonoc", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e077771f2b5045f3"}, {"chunk_id": "de47c905cd1a7a33", "content": "where fresh arbitration has been recommended in view of the non-consideration of the terms and conditions of PSC which obligates the JV Partners to pay taxes including service tax and GST by the Arbitral Tribunal, London in its final award. Accordingly, the other JV partners' share of disputed ST/GST on Royalty in JV blocks where there are disputes (including Rajasthan Block) together with interest up to March 31, 2025, amounting to 3,290 Crore (Z 5,296 Crore till March 31, 2024) has not been considered for provision and the same has been disclosed as contingent liability. The remaining disputed demand received by the Company in this respect towards penalty and other differences i.e. 1,960 Crore upto March 31, 2025 (Z 1,872 Crore till March 31, 2024) has also been disclosed as contingent liability. Considering the Income tax experts' opinion on the subject, the aforesaid amount deposited under protest has been claimed in the Income Tax return / in the ongoing assessment & appellate proceedings, as an allowable expenditure under section 37 read with section 43B of the Income Tax Act, 1961 for the relevant earlier assessment years and from FY 2023- 24 onwards same has also been considered as an allowable expenditure while calculating the current tax. The Company has also created deferred tax asset amounting to 108 Crore in respect of the amounts yet to be deposited against the provision made for disputed taxes", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "QP I\nonoc", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e077771f2b5045f3"}, {"chunk_id": "88fa6aff9f365e8f", "content": "the current tax. The Company has also created deferred tax asset amounting to 108 Crore in respect of the amounts yet to be deposited against the provision made for disputed taxes for the above periods. 7. During the quarter ended September 30, 2024, the Company, pursuant to approval from Ministry of Petroleum & Natural Gas (MoP&NG) vide its letter dated August 09, 2024, increased its equity shareholding in ONGC Petro additions Limited (OPaL) by 41.80% via conversion of a portion of Compulsory Convertible Debentures amounting to 6,107 Crore into equity shares and conversion of share warrants upon payment of balance amount of 86 Crore. Consequently, on September 12, 2024, Company's shareholding in OPaL increased from 49.36% to 91.16% and thereby the Company gaining control over OPaL. During the quarter ended December 31, 2024, there has been further increase in Company's equity shareholding in OPaL by 4.53% via settlement and conversion of remaining portion of Compulsory Convertible Debentures amounting to 1,671 Crore into equity shares and allotment of 10,501 Crore fully paid-up equity shares of face value of 10 each through subscription to right issue offered by OPaL. Consequent to this, as on December 02, 2024 Company's shareholding in OPaL has increased from 91.16% to 95.69%. Till the quarter ended June 30, 2024, OPaL was considered as a Joint Venture, as the Company", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "QP I\nonoc", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e077771f2b5045f3"}, {"chunk_id": "4f11d9ce83b9c8cc", "content": "Consequent to this, as on December 02, 2024 Company's shareholding in OPaL has increased from 91.16% to 95.69%. Till the quarter ended June 30, 2024, OPaL was considered as a Joint Venture, as the Company was holding 49.36% ownership interest, however by virtue of aforesaid investments, OPaL has become a subsidiary of the Company. 8. The Company purchased High Speed Diesel (\"HSD\") from Oil Marketing Companies under ICB tender and paid Excise Duty comprising of Basic Excise Duty (\"BED\"), Additional Excise Duty (\"AED\"), Special Additional Excise Duty (\"SAED\"), Road and Infrastructure Cess (\"RIC\"). The Company has applied for refund of these duties under the deemed export benefit of refund of \"Terminal Excise Duty\" (hereinafter referred to as \"TED\") under Chapter 7 of the Foreign Trade Policy (2015-20) for period from July 01, 2017 to February 01, 2022 i.e upto the date when Customs Notification No. 50/2017 was revised to omit consumable fuel from List-33. Additional Director General of Foreign Trade (DGFT), Mumbai allowed TED refund applications only for the BED amount and disallowed the other duties of Excise. Based on legal opinion, the Company filed an appeal with DGFT, Delhi. DGFT, Delhi vide its order dated February 25 2025, has rejected the claims of refund of other duties of excise made by the Company. The company is in the process of filing writ petition against the aforesaid order passed by DGFT.", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "QP I\nonoc", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e077771f2b5045f3"}, {"chunk_id": "c05c8fac3ab62036", "content": "duties of excise made by the Company. The company is in the process of filing writ petition against the aforesaid order passed by DGFT. Considering the legal position, as per the opinions of the learned counsels and the merits of the case, the company is of the view that the company is eligible for refund of other duties of excise. Hence, 2,088 Crore as on March 31, 2025 (March 31, 2024: 2,088 Crore) recoverable from Director General of Foreign Trade (DGFT), Government of India has been considered as good for recovery and disclosed as Advance/claims recoverable in financial statement. 9. Formula used for computation of: a. Net worth (Total equity) = Equity share capital + Other equity b. Debt Equity Ratio = Total borrowings / Total equity. c. Interest Service Coverage Ratio = Earnings before interest, tax and exceptional item / Interest on borrowings (net of transfer to expenditure during construction). d. Debt Service Coverage Ratio = Earnings before interest, tax and exceptional item / [Interest on borrowings (net of transfer to expenditure during construction) + Principal repayments of Long Term borrowings]. e. Current Ratio = Current assets / Current liabilities. f. Long term debt to Working capital = Non-current borrowings (including current maturity of non-current borrowings) / Working capital (excluding current maturity of non-current borrowings). g.", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "QP I\nonoc", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e077771f2b5045f3"}, {"chunk_id": "dbb3f0750c28dda4", "content": "f. Long term debt to Working capital = Non-current borrowings (including current maturity of non-current borrowings) / Working capital (excluding current maturity of non-current borrowings). g. Bad debts to Accounts receivable Ratio = Bad debts / Average trade receivables. h. Current liability Ratio = Current liabilities / Total liabilities. i. Total debts to Total assets = Total borrowings / Total assets. j. Debtors turnover = Revenue from operations / Average trade receivables. k. Inventory turnover = Revenue from operations / Average inventories. I. Operating Margin (%) = Earnings before interest, tax and exceptional items / Revenue from operations. m. Net Profit Margin (%) = Profit for the period / Revenue from operations. 10. The Board of Directors in its meeting held on May 21, 2025 has recommended a final dividend of 21.25 per share (25%) which works out to Z 1,573 Crore over and above the first interim dividend of Z 6 per share (120 %) declared on November 11, 2024 and second interim dividend of 5 per share (100 %) declared on January 31, 2025.", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "QP I\nonoc", "subsection": "Rajni Kant", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e077771f2b5045f3"}, {"chunk_id": "254a45ed024a666a", "content": "11. Previous period's figures have been regrouped by the Company, wherever necessary, to conform to current period's grouping. By order of the Board pell...,11,074,,I.DIMA Mat, (Vivek C Tongaonkar) Director (Finance) / Whole-time Director (DIN: 10143854) In terms of our report of even date attached For J Gupta & Co. LLP Chartered Accountants Firm Reg. No. 314010E/E300029 For Manubhai & Shah LLP Chartered Accountants Firm Reg. No: 106041W/W100136 For V Sankar Aiyar & Co. Chartered Accountants Firm Reg. No.109208W", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "QP I\nonoc", "subsection": "For J Gupta & Co. LLP \nChartered Accountants \nFirm Reg. No. 314010E/E300029", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "380862254db53672"}, {"chunk_id": "5d3a34db73ec9e56", "content": "NANCY Digitally signed by NANCY GUPTA G U PTA Date: 2025.05.21 19:33:47 +0530' Krishnakant Balkrishna Solanki Digitally signed by Krishnakant Balkrishna Solanki Date: 2025.05.21 19:34:27 +05'30' Digitally signed by PATEL ASHA PATEL ASHA JAYANTIBHAI JAYANTIBHAI Date: 2025.05.21 19:34:56 +05'30' (CA Nancy Gupta) Partner (M. No. 067953) (CA K. B. Solanki) Partner (M. No. 110299) (CA Asha Patel) Partner (M. No. 166048) For Laxmi Tripti & Associates Chartered Accountants Firm Reg. No. 009189C For Talati & Talati LLP Chartered Accountants Firm Reg. No. 110758W/W100377 Rajesh Digitally signed by Rajesh Kumar Kumar Gupta Date: 2025.05.21 Gupta 19:35:26 +0530' (CA Rajesh Kumar Gupta) Partner (M. No. 077204)", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "NANCY\nDigitally signed \nby NANCY \nGUPTA \nG U PTA Date: 2025.05.21 \n19:33:47 +0530'", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9e3a071d446862f3"}, {"chunk_id": "a03b7efac7253b6d", "content": "Amit Digitally signed by Amit Shah Date: 2025.05.21 19:35:55 +0530' Shah (CA Amit Shah) Partner (M. No. 122131) Place: New Delhi Date: May 21, 2025 J Gupta & Co LLP Chartered Accountants YMCA Building 25, Jawaharlal Nehru Road, Kolkata — 700 087 Manubhai & Shah LLP Chartered Accountants G-4, Capstone, Sheth Mangaldas Road, Ellisbridge, Ahmedabad — 380 006 V Sankar Aiyar & Co. Chartered Accountants A-601, Mangalya Building off. Marol Maroshi Road, Andheri (E), Mumbai — 400 059 Laxmi Tripti & Associates Chartered Accountants Talati & Talati LLP Chartered Accountants A-393, Basement, Defense Colony, New Delhi — 110 024 SL-2, Door No's 146-149, Old No. 15, Alsa Mall, Monteith Road, Egmore, Chennai — 600 008 Independent Auditors' Report on Consolidated Audited Quarterly and Year to date Financial Results of Oil and Natural Gas Corporation Limited pursuant to the requirements of Regulation 33 and Regulation 52 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. To, The Board of Directors of Oil and Natural Gas Corporation Limited We have audited the accompanying statement containing Consolidated Financial Results of Oil and Natural Gas Corporation Limited (hereinafter referred to as \"the Holding Company / the Company\") and its subsidiaries and controlled entity (the Holding Company, its subsidiaries and controlled entity together referred to as \"the Group\"), its Joint Ventures and Associates, for the quarter and the year", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 24, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "934f820d7a49816a"}, {"chunk_id": "1defe7d8ee75b541", "content": "(the Holding Company, its subsidiaries and controlled entity together referred to as \"the Group\"), its Joint Ventures and Associates, for the quarter and the year ended March 31, 2025, attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 and Regulation 52 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (\"Listing Regulations\"). In our opinion and to the best of our information and according to the explanations given to us, and based on the consideration of the reports of the other auditors on audited standalone / consolidated financial statements and other financial information of subsidiaries, joint ventures and associate referred to in Other Matter paragraph below, the aforesaid Statement: J Gupta & Co LLP Chartered Accountants Manubhai & Shah LLP V Sankar Aiyar & Co. Chartered Accountants Chartered Accountants Laxmi Tripti & Associates Talati & Talati LLP Chartered Accountants Chartered Accountants i. includes the quarterly and year to date financial results of the following entities: Sr. No. Name of the entity 1 Oil and Natural Gas Corporation Limited B Subsidiaries/Controlled Entity 1 ONGC Videsh Limited * 2 Mangalore Refinery and Petrochemicals Limited * 3 Petronet MHB Limited 4 Hindustan Petroleum Corporation Limited * 5 ONGC Green Limited * 6 ONGC Petro additions Limited A 7 ONGC Startup Fund Trust # 1 ONGC Teri Biotech Limited 2", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 24, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "934f820d7a49816a"}, {"chunk_id": "e69fdf9b9063bd12", "content": "3 Petronet MHB Limited 4 Hindustan Petroleum Corporation Limited * 5 ONGC Green Limited * 6 ONGC Petro additions Limited A 7 ONGC Startup Fund Trust # 1 ONGC Teri Biotech Limited 2 Mangalore SEZ Limited * 3 ONGC Tripura Power Company Limited * 4 Dahej SEZ Limited # 5 Indradhanush Gas Grid Limited 1 Pawan Hans Limited # 2 Petronet LNG Limited * 3 Rohini Heliport Limited # * As per the Consolidated Financial Statements. # As per Management certified Financial Statements / Information. A During the year, ONGC Limited increased its shareholding in ONGC Petro additions Limited (OPaL) from 49.36% to 95.69%, thereby gaining control over OPaL. As a result, OPaL became a subsidiary. ii. are presented in accordance with the requirements of Regulations 33 and 52 of the Listing Regulations in this regard; and iii. gives a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards and other accounting principles generally accepted in India, of the net profit and other comprehensive income and other financial information for the quarter and year ended March 31, 2025. J Gupta & Co LLP Chartered Accountants Manubhai & Shah LLP V Sankar Aiyar & Co. Chartered Accountants Chartered Accountants Laxmi Tripti & Associates Chartered Accountants Talati & Talati LLP Chartered Accountants We conducted our audit in accordance with the Standards on Auditing (\"SAs\")", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 24, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "934f820d7a49816a"}, {"chunk_id": "bc84fa4b52a194fc", "content": "Chartered Accountants Chartered Accountants Laxmi Tripti & Associates Chartered Accountants Talati & Talati LLP Chartered Accountants We conducted our audit in accordance with the Standards on Auditing (\"SAs\") specified under section 143(10) of the Companies Act, 2013 (\"the Act\"). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Consolidated Financial Results section of our report. We are independent of the Group, its joint ventures and associates in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (\"the ICAI\") together with the ethical requirements that are relevant to our audit of the Consolidated Financial Results under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us and other auditors in terms of their reports referred to in \"Other Matter\" paragraph below, is sufficient and appropriate to provide a basis for our opinion. 3. Emphasis of Matter We draw attention to the following matters in the notes to the Consolidated Financial Statements, including the matters reported by the component auditors as per the requirement of Standard on Auditing (SA 600) on 'Using the Work of Another Auditor', considering materiality: i. Note no.", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 24, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "934f820d7a49816a"}, {"chunk_id": "58dbabf93ecc70a1", "content": "as per the requirement of Standard on Auditing (SA 600) on 'Using the Work of Another Auditor', considering materiality: i. Note no. 5, in respect of pending finality of Arbitration Tribunal Award on various issues related to Production Sharing Contract with respect to Panna- Mukta and Mid and South Tapti contract areas (PMT JV), demand of USD 1,624.05 million equivalent to Rs. 13,915 Crore as on March 31, 2025 (Rs. 13,538 Crore up to March 31, 2024) on the Company, to the extent of the Company's participating interest in the PMT JV, by Directorate General of Hydrocarbons is considered as contingent liability for the reason stated in the said note. ii. Note no. 6, in respect of Service Tax / GST levied on royalty on crude oil and natural gas, even though demands have been raised by the Tax Authorities on such Service Tax / GST have been disputed, the Company has accounted for the same as liability in the books. Further, disputed demand due to penalty and other differences on such taxes of Rs. 1,960 Crore (Rs. 1,872 Crore up to March 31, 2024) and with respect to Joint Venture blocks, share of such taxes together with interest thereon of Rs. 3,290 Crore (Rs. 5,296 Crore up to March 31, 2024) for other joint venture partners not paid by J Gupta & Co LLP Chartered Accountants Manubhai & Shah LLP V Sankar Aiyar & Co. Chartered Accountants Chartered Accountants Laxmi Tripti & Associates Talati & Talati LLP Chartered Accountants Chartered Accountants", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 24, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "934f820d7a49816a"}, {"chunk_id": "5cbabab6da00f433", "content": "J Gupta & Co LLP Chartered Accountants Manubhai & Shah LLP V Sankar Aiyar & Co. Chartered Accountants Chartered Accountants Laxmi Tripti & Associates Talati & Talati LLP Chartered Accountants Chartered Accountants them till March 31, 2025 have been considered as contingent liabilities for the reasons stated in the said note. iii. Note no. 7, in respect of refund of Rs. 2,088 crore (Rs. 2,088 crore up to March 31, 2024) of Terminal Excise Duty receivable from Director General of Foreign Trade, Government of India considered good and recoverable for the reason stated in the said note.", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 24, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "934f820d7a49816a"}, {"chunk_id": "afa0e4763dd84716", "content": "iv. Note no. 9(a) to the Consolidated Financial Statements and para (ii) of the Emphasis of Matter paragraphs (EOM) included in the Independent Auditors' Audit Report on the Consolidated Financial Statements of ONGC Videsh Limited, a subsidiary of the Holding Company, issued by an independent firm of Chartered Accountants vide their respective report dated May 02, 2025, the said EOM is reproduced as under: \"Note No. 58(ii) and 12.2 of the Consolidated Financial Statements regarding significant event occurred due to Decree of the Russian Federation for acquisition & transfer of all rights & obligations of the consortium under Production Sharing Agreement (PSA) of the \"Sakhalin-1 (S 1) Project\" to a new entity \"Sakhalin-1 LLC\".\" v. Note no. 9(a) to the Consolidated Financial Statements and para (iii) of the Emphasis of Matter paragraphs (EOM) included in the Independent Auditors' Audit Report on the Consolidated Financial Statements of ONGC Videsh Limited, a subsidiary of the Holding Company, issued by an independent firm of Chartered Accountants vide their respective report dated May 02, 2025, the said EOM is reproduced as under: \"Note No. 55.1 of Consolidated Financial Statements regarding accounting treatment of Investment in Sakhalin-1 LLC (S-1 LLC), management of holding company has obtained EAC Opinion from the ICA'. In line with the EAC opinion, the management has de-recognised the", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 27, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "073968d88bfbb2e7"}, {"chunk_id": "156db35dae7a8ee2", "content": "accounting treatment of Investment in Sakhalin-1 LLC (S-1 LLC), management of holding company has obtained EAC Opinion from the ICA'. In line with the EAC opinion, the management has de-recognised the Carrying Value of net assets relating to Joint operations amounting to 143,195.67 million (USD 1,739.71 million (Net of Adjustments)) as on transition date. The management has also recognised the fair value in Sakhalin in Sakhalin-1 LLC amounting to X144,786.58 million (USD 1,759.04 million) as cost of Investment- Pending Proportionate Ownership Interest in Equity of Sakhalin-1 LLC. The above-mentioned derecognition and recognition in the carrying value of Investments in S-1 LLC has resulted in a net gain of J Gupta & Co LLP Chartered Accountants Manubhai & Shah LLP V Sankar Aiyar & Co. Chartered Accountants Chartered Accountants Laxmi Tripti & Associates Talati & Talati LLP Chartered Accountants Chartered Accountants '1,590.91 million (USD 19.33 million) in the Statement of Profit & Loss on the transition date, now forming part of retained earnings. The above referred accounting adjustments being a change in the basis of measurement, the same is considered as 'Change in Accounting Policy' and hence the Holding Company has restated its Financial Statements to record the changes. Thus, the Holding Company has prepared Restated Financial Statements as per Ind AS 8 with retrospective effect.\" vi. Note no.", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 27, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "073968d88bfbb2e7"}, {"chunk_id": "f7396320ff2fd9d6", "content": "record the changes. Thus, the Holding Company has prepared Restated Financial Statements as per Ind AS 8 with retrospective effect.\" vi. Note no. 9(c) to the Consolidated Financial Statements and para (iv) of the Emphasis of Matter paragraphs (EOM) included in the Independent Auditors' Audit Report on the Consolidated Financial Statements of ONGC Videsh Limited, a subsidiary of the Holding Company, issued by an independent firm of Chartered Accountants vide their respective report dated May 02, 2025, the said EOM is reproduced as under: \"Note No. 55.3 of the Consolidated Financial Statements wherein the Holding Company has retrospectively capitalized an amount of '7,060.10 million (USD 85.94 million) from Capital Work in Progress (CWIP) to Oil and Gas Assets, effective from FY 2022-23, which marks the completion of Phase II facilities in A-1 Myanmar project. This retrospective capitalization has led to an increase in depletion expenses of '1,853.27 million (USD 23.05 million) for FY 2022-23 and T1,794.87 million (USD 21.68 million) for FY 2023-24. Accordingly, the related adjustments to opening retained earnings as at 01.04.2023 and profit in FY 2023-24 has been carried out.\" vii. Note no. 9(d) to 9(g) to the Consolidated Financial Statements and para (v) of the Emphasis of Matter paragraphs (EOM) included in the Independent Auditors' Audit Report on the Consolidated Financial Statements of ONGC", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 27, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "073968d88bfbb2e7"}, {"chunk_id": "2dda4f318d9c9d3d", "content": "9(d) to 9(g) to the Consolidated Financial Statements and para (v) of the Emphasis of Matter paragraphs (EOM) included in the Independent Auditors' Audit Report on the Consolidated Financial Statements of ONGC Videsh Limited, a subsidiary of the Holding Company, issued by an independent firm of Chartered Accountants vide their respective report dated May 02, 2025, the said EOM is reproduced as under: \"Note No. 55.4 - 55.7 of the Consolidated Financial Statements, which more comprehensively explains that during the financial year 2024-25, management has identified the need for appropriate accounting and reclassification of certain material error (in addition to Para iii & iv above) primarily pertaining to the earlier periods. Accordingly, the corresponding figures pertaining to the year ended March 31, 2024 have been restated and a third balance sheet as at April 1, 2023 has been J Gupta & Co LLP Chartered Accountants Manubhai & Shah LLP V Sankar Aiyar & Co. Chartered Accountants Chartered Accountants Laxmi Tripti & Associates Chartered Accountants Talati & Talati LLP Chartered Accountants presented in accordance with requirement of \"Ind-AS 8: Accounting policies, Changes in Accounting Estimates and Errors\" for appropriate accounting and reclassification of the corresponding figure of certain material item in the Balance Sheet and Statement of Profit and Loss.\" viii. Note no. 11 to the Consolidated Financial Statements and para (viii) of the", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 27, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "073968d88bfbb2e7"}, {"chunk_id": "ebb709a65301aa53", "content": "material item in the Balance Sheet and Statement of Profit and Loss.\" viii. Note no. 11 to the Consolidated Financial Statements and para (viii) of the Emphasis of Matter paragraphs (EOM) included in the Independent Auditors' Audit Report on the Consolidated Financial Statements of ONGC Videsh Limited, a subsidiary of the Holding Company, issued by an independent firm of Chartered Accountants vide their report dated May 02, 2025, the said EOM is reproduced as under: \"Note No.13.6.1 of Consolidated Financial Statements regarding non- current trade receivable from Govt. of Sudan (GoS) of T30,246.64 million assessed for lifetime expected credit loss and an impairment loss of T871.02 million has been charged in the statement of profit and loss. The total outstanding provision against these receivables stands at T6,454.34 million.\" ix. Note no. 12 to the Consolidated Financial Statements and para (xi) of the Emphasis of Matter paragraphs (EOM) included in the Independent Auditors' Audit Report on the Consolidated Financial Statements of ONGC Videsh Limited, a subsidiary of the Holding Company, issued by an independent firm of Chartered Accountants vide their report dated May 02, 2025, the said EOM is reproduced as under: \"In the case of Subsidiary ONGC Videsh Rovuma Limited (OVRL) Note No. 58(xvi) of the Consolidated Financial Statements, which describes the impact of losses incurred due to an ongoing force majeure situation on the company.", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 27, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "073968d88bfbb2e7"}, {"chunk_id": "7feda1233c7f225d", "content": "Note No. 58(xvi) of the Consolidated Financial Statements, which describes the impact of losses incurred due to an ongoing force majeure situation on the company. As stated in the note, the Holding Company has extended financial support to the subsidiary to enable it to continue its operations and to meet its obligations, and the consolidated financial statements have been prepared on a going concern basis accordingly.\" x. Note no. 13 to the Consolidated Financial Statements and para (x) of the Emphasis of Matter paragraphs (EOM) included in the Independent Auditors' Audit Report on the Consolidated Financial Statements of ONGC Videsh Limited, a subsidiary of the Holding Company, issued by an independent firm of Chartered Accountants vide their report dated May 02, 2025, the said EOM is reproduced as under: J Gupta & Co LLP Chartered Accountants", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 27, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "073968d88bfbb2e7"}, {"chunk_id": "555a28e159b24802", "content": "Manubhai & Shah LLP V Sankar Aiyar & Co. Chartered Accountants Chartered Accountants Laxmi Tripti & Associates Chartered Accountants Talati & Talati LLP Chartered Accountants \"Note No. 38.1 of the Consolidated Financial Statements on Area 1, Mozambique project. Due to security threat, the operator declared force majeure in the project in April 2021 and suspension of development activities. Due to the force majeure, borrowing cost T11,819.64 million and stand by expenditures T5,664.23 million incurred during the year ended 31st March 2025 has been charged to the Statement of Profit and Loss. Cumulative borrowing cost and standby expenditures that have been charged to Profit and loss up to March 31, 2025 amounts to T33,487.58 million and T21,632.26 million respectively.\" xi. Note no. 14 and 15 to the Consolidated Financial Statements and para (xii) of the Emphasis of Matter paragraphs (EOM) included in the Independent Auditors' Audit Report on the Consolidated Financial Statements of ONGC Videsh Limited, a subsidiary of the Holding Company, issued by an independent firm of Chartered Accountants vide their report dated May 02, 2025, the said EOM is reproduced as under: \"In the case of the Subsidiary ONGC Nile Ganga B.V.(ONGBV) a. Note No.17.2 of the Consolidated Financial Statements regarding the outstanding dividend receivables of T45,922.83 million in the books of ONGC San Cristobal BV from its associate Petrolera", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 29, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "468f1667d27ae835"}, {"chunk_id": "6d529fda4c1dea62", "content": "a. Note No.17.2 of the Consolidated Financial Statements regarding the outstanding dividend receivables of T45,922.83 million in the books of ONGC San Cristobal BV from its associate Petrolera Indovenezolana SA (PIVSA) and application of lifetime expected credit loss on the underlying trade receivable in PIVSA due to US Sanctions in Venezuela. b. Note No. 58(xv) of the Consolidated Financial Statements related to early termination of Exploration and Production Sharing Agreement (EPSA) on August 31, 2019 by Government of Sudan and termination of accounts between the ONGBV and the Joint Operator (GNPOC) (final settlement). Pending the outcome of such final settlement, which is not presently determinable, no adjustment has been made in the Financial Statements.\" xii. Note no. 16 to the Consolidated Financial Statements and Emphasis of Matter paragraph (EOM) included in the Independent Auditors' Audit Report on the Consolidated Financial Statements of ONGC Petro additions Limited, a subsidiary of the Holding Company, issued by an independent firm of Chartered Accountants vide their report dated May 06, 2025, the said EOM is reproduced as under: J Gupta & Co LLP Chartered Accountants Manubhai & Shah LLP V Sankar Aiyar & Co. Chartered Accountants Chartered Accountants Laxmi Tripti & Associates Chartered Accountants Talati & Talati LLP Chartered Accountants \"We draw attention to Note No. 41 of the Financial Statements. Due to", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 29, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "468f1667d27ae835"}, {"chunk_id": "c6ab7441fd7df340", "content": "V Sankar Aiyar & Co. Chartered Accountants Chartered Accountants Laxmi Tripti & Associates Chartered Accountants Talati & Talati LLP Chartered Accountants \"We draw attention to Note No. 41 of the Financial Statements. Due to changes in the capital structure, SEZ exit, an improved product mix, reduced input costs, loan restructuring, and other factors detailed in the note, the uncertainty regarding the entity's ability to continue as a going concern has undergone a change.\" Our opinion on the Consolidated Financial Statements is not modified in respect of these matters. 4. Management's Responsibilities for the Consolidated Financial Results This Consolidated Financial Results have been prepared on the basis of Consolidated Annual Financial Statements for the year ended March 31, 2025. The Holding Company's Board of Directors are responsible for the preparation and presentation of the Consolidated Financial Results for the quarter and year ended March 31, 2025 that give a true and fair view of the net profit and other comprehensive income and other financial information of the Group including its joint ventures and associates, in accordance with the recognition and measurement principles laid down in Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulations 33 and 52 of the Listing Regulations.", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 29, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "468f1667d27ae835"}, {"chunk_id": "5b6769191c00e117", "content": "under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulations 33 and 52 of the Listing Regulations. The respective Board of Directors of the companies included in the Group and of its joint ventures and associates are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Group and its joint ventures and associates and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the consolidated financial results by the Directors of the Holding Company, as aforesaid. In preparing the Consolidated Financial Results, the respective Board of Directors of the companies included in the Group and of its joint ventures and associates", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 29, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "468f1667d27ae835"}, {"chunk_id": "fc80373be323eee3", "content": "In preparing the Consolidated Financial Results, the respective Board of Directors of the companies included in the Group and of its joint ventures and associates are responsible for assessing the ability of the Group and of its joint ventures J Gupta & Co LLP Chartered Accountants Manubhai & Shah LLP V Sankar Aiyar & Co. Chartered Accountants Chartered Accountants Laxmi Tripti & Associates Talati & Talati LLP Chartered Accountants Chartered Accountants and associates to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate their respective entities or to cease operations, or has no realistic alternative but to do so. The respective Board of Directors of the companies included in the Group and of its joint ventures and associates are responsible for overseeing the financial reporting process of its Group and of its joint ventures and associates. 5. Auditor's Responsibilities for the Audit of the Consolidated Financial Results Our objectives are to obtain reasonable assurance about whether the Consolidated Financial Results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 29, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "468f1667d27ae835"}, {"chunk_id": "f389708f27defa20", "content": "whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this Consolidated Financial Results. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also:", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 29, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "468f1667d27ae835"}, {"chunk_id": "1d8e027c7634ef9b", "content": "• Identify and assess the risks of material misstatement of the consolidated financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Holding Company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls. J Gupta & Co LLP Chartered Accountants Manubhai & Shah LLP V Sankar Aiyar & Co. Chartered Accountants Chartered Accountants Laxmi Tripti & Associates Chartered Accountants Talati & Talati LLP Chartered Accountants • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors. • Conclude on the appropriateness of the Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained,", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 32, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cfa30a050f243a80"}, {"chunk_id": "42221c86d83e27a1", "content": "Board of Directors. • Conclude on the appropriateness of the Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group, and its Joint Ventures and Associates to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated financial results or, if such disclosures are inadequate, to modify our opinion. Our opinion is based on the audit evidence obtained up to the date of our auditors' report. However, future events or conditions may cause the Group, its Joint Ventures and Associates to cease to continue as a going concern. • Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represents the underlying transactions and events in a manner that achieves fair presentation. • Obtain sufficient appropriate audit evidence regarding the financial results/financial information of the entities within the Group, its joint ventures and associates to express an opinion on the Statement. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the consolidated financial", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 32, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cfa30a050f243a80"}, {"chunk_id": "ab58719ad38fdd9e", "content": "We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the consolidated financial results of which we are the independent auditors. For the other entities included in the consolidated Financial Results, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion. We communicate with Those Charged With Governance (TCWG) of the Holding Company regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably J Gupta & Co LLP Chartered Accountants Manubhai & Shah LLP V Sankar Aiyar & Co. Chartered Accountants Chartered Accountants Laxmi Tripti & Associates Talati & Talati LLP Chartered Accountants Chartered Accountants be thought to bear on our independence, and where applicable, related safeguards. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable. i.", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 32, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cfa30a050f243a80"}, {"chunk_id": "b0d1b56afca06c6c", "content": "safeguards. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable. i. We have placed reliance on technical / commercial evaluation by the management in respect of categorization by the Company of wells as exploratory, development, producing and dry wells, allocation of costs incurred on them, proved (developed and undeveloped) / probable hydrocarbon reserves and depletion thereof on Oil and Gas Assets, impairment, liability for decommissioning costs, liability for New Exploration Licensing Policy (\"NELP\") / Hydrocarbon Exploration and Licensing Policy (\"HELP\") and nominated blocks for under performance against agreed Minimum Work Programme. ii. The Statement includes the Company's proportionate share in assets and liabilities, and proportionate share in the total value of expenditure and income of 201 blocks under NELP / HELP / Discovered Small Fields (\"DSF\") / Open Acreage Licensing Policy (\"OALP\") and Joint Operations (\"JO\") accounts for exploration and production, out of which 27 blocks have not been audited by us, the details of which are as under: • 9 blocks have been audited by other Chartered Accountants. In respect of these blocks, the Standalone Financial Results include proportionate share in assets as on March 31, 2025 amounting to Rs. 6,047.87 Crore and", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 32, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cfa30a050f243a80"}, {"chunk_id": "a7807ac5bc27a490", "content": "In respect of these blocks, the Standalone Financial Results include proportionate share in assets as on March 31, 2025 amounting to Rs. 6,047.87 Crore and revenue and profit/(loss) including other comprehensive income for the year ended March 31, 2025 amounting to Rs. 5,848.37 Crore and Rs. 1,327.08 Crore respectively. Our opinion is based solely on the audit reports of the other Chartered Accountants. • 18 blocks have been certified by management. In respect of these blocks, the Standalone Financial Results include proportionate share in assets as on March 31, 2025 amounting to Rs. 873.42 Crore and revenue and profit/(loss) including other comprehensive income for the year ended March 31, 2025 amounting to Rs. 4.84 Crore and Rs. (82.86) Crore respectively. Our opinion is based solely on such management certified accounts. J Gupta & Co LLP Chartered Accountants Manubhai & Shah LLP V Sankar Aiyar & Co. Chartered Accountants Chartered Accountants Laxmi Tripti & Associates Chartered Accountants Talati & Talati LLP Chartered Accountants iii. The consolidated financial results also include audited financial statements / financial results / other financial information, in respect of: • 6 subsidiaries, whose audited standalone / consolidated financial statements / financial results / other financial information reflect total assets of Rs. 3,93,753.15 crores as at March 31, 2025, total revenues of Rs. 6,03,976.54 crores, total Profit/(Loss) (Net) of Rs. 3,550.76 crores and", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 32, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cfa30a050f243a80"}, {"chunk_id": "9834e67b5d9f66a4", "content": "assets of Rs. 3,93,753.15 crores as at March 31, 2025, total revenues of Rs. 6,03,976.54 crores, total Profit/(Loss) (Net) of Rs. 3,550.76 crores and total comprehensive income of Rs. 5,382.71 crores for the year ended March 31, 2025. These financial statements / financial results have been audited by other auditors. • 4 joint ventures, whose audited standalone / consolidated financial statements / financial results / other financial information reflect Group's share of net Profit/Loss of Rs. 19.40 crores and total comprehensive income of Rs. 19.42 crores for the year ended March 31, 2025. These financial statements / financial results have been audited by other auditors.", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 32, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cfa30a050f243a80"}, {"chunk_id": "830274b6448574f2", "content": "• 1 Associate, whose audited consolidated financial statements/other financial information reflect Group's share of net Profit/(Loss) of Rs. 496.59 Crore and total comprehensive income of Rs 495.93 Crore for the year ended March 31, 2025. This financial statements have been audited by one of the Joint auditors. The reports on the audited standalone / consolidated financial statements and other financial information have been furnished to us by the Management of the Holding Company and our opinion on the Statements, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, joint ventures and associate is based solely on the reports of such auditors and the procedures performed by us as stated under Auditor's Responsibilities for the audit of the Consolidated Financial Results section above. Our opinion on the statement is not modified in respect of the above matter with respect to our reliance on the work done and the reports of such auditors. J Gupta & Co LLP Chartered Accountants Manubhai & Shah LLP V Sankar Aiyar & Co. Chartered Accountants Chartered Accountants Laxmi Tripti & Associates Talati & Talati LLP Chartered Accountants Chartered Accountants iv. The consolidated financial result also includes unreviewed financial statements / financial information, in respect of: • 1 controlled trust, whose unaudited financial statements / financial information reflect total asset of Rs. 391.47 crores as at March 31, 2025,", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 34, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e7b544d37093968c"}, {"chunk_id": "036d4ddb541bdaeb", "content": "statements / financial information, in respect of: • 1 controlled trust, whose unaudited financial statements / financial information reflect total asset of Rs. 391.47 crores as at March 31, 2025, total revenue is NIL, and total Profit/(Loss) (net) of Rs. 208.93 crores and total comprehensive income of Rs. 208.93 crore for the year ended March 31, 2025 which have not been audited by their auditors. This financial statements / financial information is certified by the management of the respective entity. • 1 Joint Venture and 2 Associates, whose unaudited financial statements / financial information reflect Group's share of total Profit/(Loss) (net) of Rs. (13.98) crores and a total comprehensive income of Rs. (13.98) crores for the year ended March 31, 2025, which have not been audited by their auditors. This financial statements / financial information is certified by the management of the respective entity. Our opinion on the statement is not modified in respect of the above matter with respect to our reliance on the work done. v. The Consolidated Financial Results includes the results for the quarter ended March 31, 2025 being the balancing figures between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year, which were subject to limited review, as required under the Listing Regulations. The", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 34, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e7b544d37093968c"}, {"chunk_id": "64fe7e8b4cb9a07d", "content": "figures up to the third quarter of the current financial year, which were subject to limited review, as required under the Listing Regulations. The published year to date figures up to the third quarter of the current financial year have been restated due to correction of the prior period error as mentioned in the note 9. J Gupta & Co LLP Chartered Accountants Manubhai & Shah LLP V Sankar Aiyar & Co. Chartered Accountants Chartered Accountants Laxmi Tripti & Associates Chartered Accountants Talati & Talati LLP Chartered Accountants Our opinion on the Consolidated Financial Results for the quarter and year ended March 31, 2025 is not modified in respect of this matter. J Gupta & Co LLP Chartered Accountants Firm Reg. No. 314010E/E300029 Manubhai & Shah LLP Chartered Accountants Firm Reg. No. 106041W/W100136 V Sankar Aiyar & Co. Chartered Accountants Firm Reg. No. 109208W", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 34, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e7b544d37093968c"}, {"chunk_id": "4cf698d8845bac49", "content": "(CA Nancy Gupta) (CA K. B. Solanki) (CA Asha Patel) Partner Partner Partner M. No. 067953 M. No. 110299 M. No. 166048 UDIN: 25067953BMOZNF1197 UDIN: 25110299BMJOVG6893 UDIN: 25166048BMKNOK9005 Laxmi Tripti & Associates Talati & Talati LLP Chartered Accountants Chartered Accountants Firm Reg. No. 009189C Firm Reg. No. 110758W/W100377 Rajesh Digitally signed by Rajesh Kumar Amit Digitally signed Kumar Gupta by Amit Shah Date:2025.05.21 Gupta 19:53:26 +05'30' Shah Date:2025.05.21 19:53:49 +05'30' (CA Rajesh Kumar Gupta) (CA Amit Shah) Partner Partner M. No. 077204 M. No. 122131 UDIN: 25077204BMLMFF5311 UDIN:25122131BMOZNM7131 Place: New Delhi Date: May 21, 2025 CIN No. L74899DL1993GOI054155 Regd.Office : Plot No. 5A- 5B, Nelson Mandela Road, Vasant Kunj, New Delhi, South West Delhi - 110070 STATEMENT OF AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2025 Tel: 011-26754002, Fax: 011-26129091, E-mail: secretariat@ongc.co.in Financial results for ft in Crore unless otherwise stated) SI. No. Particulars Year Ended March 31, 2024^ Quarter Ended March 31, 2025 Quarter Ended March 31, 2024^ Year Ended March 31, 2025 Audited Unaudited Audited Audited Audited I Revenue from operations 170,811.73 166,096.68 172,137.07 663,262.31 653,170.77 II Other income 2,976.89 2,411.09 3,366.58 12,393.57 12,030.70 III Total income (I+II) 173,788.62 168,507.77 175,503.65 675,655.88 665,201.47 IV Expenses (a) Cost of materials consumed* 53,753.05 49,181.74 47,847.25 204,455.74 177,522.91 (b) Purchase of Stock-in-Trade 57,457.75 51,949.74 65,165.19 221,401.90 234,072.28", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 35, "section": "(CA Nancy Gupta) \n(CA K. B. Solanki) \n(CA Asha Patel) \nPartner \nPartner \nPartner \nM. No. 067953 \nM. No. 110299 \nM. No. 166048 \nUDIN: 25067953BMOZNF1197 \nUDIN: 25110299BMJOVG6893 \nUDIN: 25166048BMKNOK9005 \nLaxmi Tripti & Associates \nTalati & Talati LLP \nChartered Accountants \nChartered Accountants \nFirm Reg. No. 009189C \nFirm Reg. No. \n110758W/W100377 \nRajesh \nDigitally signed by \nRajesh Kumar \nAmit \nDigitally signed \nKumar \nGupta \nby Amit Shah \nDate:2025.05.21 \nGupta \n19:53:26 +05'30' \nShah \nDate:2025.05.21 \n19:53:49 +05'30'", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9f63aa9e1bc1a69c"}, {"chunk_id": "f812ca38e3202fda", "content": "173,788.62 168,507.77 175,503.65 675,655.88 665,201.47 IV Expenses (a) Cost of materials consumed* 53,753.05 49,181.74 47,847.25 204,455.74 177,522.91 (b) Purchase of Stock-in-Trade 57,457.75 51,949.74 65,165.19 221,401.90 234,072.28 (c) Changes in inventories of finished goods, stock-in-trade and work-in progress (2,105.99) 3,631.44 (1,748.28) 689.55 (4,394.95) (d) Employee benefits expense** 1,755.34 1,918.08 2,000.21 7,292.74 7,491.04 (e) Statutory levies 18,940.90 19,172.72 20,242.40 79,614.80 82,009.76 (f) Exploration costs written off (i) Survey costs 868.18 463.97 758.42 2,391.36 1,942.95 (ii) Exploration well costs 4,258.24 1,467.64 828.15 7,605.43 3,867.63 (g) Finance costs 3,500.32 3,669.74 3,608.12 14,534.95 13,025.70 (h) Depletion, depreciation, amortisation and impairment 9,043.31 9,497.22 8,420.27 35,205.97 30,440.10 (i) Other expenses 13,799.68 13,668.61 13,820.03 50,950.08 48,276.13 Total expenses (IV) 161,270.78 154,620.90 160,941.76 624,142.52 594,253.55 V Profit before share of profit/(loss) of associates and joint ventures, exceptional items and tax (III - IV) 12,517.84 13,886.87 14,561.89 51,513.36 70,947.92 VI Share of profit of associates & joint ventures 639.21 (364.68) 1,741.43 1,035.59 4,317.72 VII Profit before exceptional items (V+VI) 13,157.05 13,522.19 16,303.32 52,548.95 75,265.64 VIII Exceptional items - Income/(expenses) (151.09) - (1,733.35) (151.09) (1,636.43) IX Profit before tax (VII+VIII) 13,005.96 13,522.19 14,569.97 52,397.86 73,629.21 X Tax expense (a) Current tax relating to: - current year 4,430.01 4,201.14 3,357.22 15,364.33 15,230.19 - earlier years", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 35, "section": "(CA Nancy Gupta) \n(CA K. B. Solanki) \n(CA Asha Patel) \nPartner \nPartner \nPartner \nM. No. 067953 \nM. No. 110299 \nM. No. 166048 \nUDIN: 25067953BMOZNF1197 \nUDIN: 25110299BMJOVG6893 \nUDIN: 25166048BMKNOK9005 \nLaxmi Tripti & Associates \nTalati & Talati LLP \nChartered Accountants \nChartered Accountants \nFirm Reg. No. 009189C \nFirm Reg. No. \n110758W/W100377 \nRajesh \nDigitally signed by \nRajesh Kumar \nAmit \nDigitally signed \nKumar \nGupta \nby Amit Shah \nDate:2025.05.21 \nGupta \n19:53:26 +05'30' \nShah \nDate:2025.05.21 \n19:53:49 +05'30'", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9f63aa9e1bc1a69c"}, {"chunk_id": "a8f1991ff5d554a1", "content": "(1,733.35) (151.09) (1,636.43) IX Profit before tax (VII+VIII) 13,005.96 13,522.19 14,569.97 52,397.86 73,629.21 X Tax expense (a) Current tax relating to: - current year 4,430.01 4,201.14 3,357.22 15,364.33 15,230.19 - earlier years (108.43) (17.39) (356.46) (124.90) (391.73) (b) Deferred tax (171.95) (445.20) 473.18 (1,170.16) 3,517.60 Total tax expense (X) 4,149.63 3,738.55 3,473.94 14,069.27 18,356.06 XI Profit for the period (IX-X) 8,856.33 9,783.64 11,096.03 38,328.59 55,273.15 XII Other comprehensive income (OCI) A Items that will not be reclassified to profit or loss (a) Remeasurement of the defined benefit plans (750.50) (46.21) (417.99) (889.51) (577.81) - Deferred tax 192.30 11.69 105.92 227.47 146.39 (b) Equity instruments through other comprehensive income (2,125.43) (10,966.93) 8,831.35 (7,964.53) 21,434.63 - Deferred tax 243.58 1,279.26 (794.99) 182.76 (1,883.11) (c) Share of other comprehensive income in associates and joint ventures, to the extent not to be reclassified to profit or loss (6.87) 1.16 (3.82) 0.43 0.19 - Deferred tax - - - - - B Items that will be reclassified to profit or loss (a) Exchange differences in translating the financial statement of foreign operation 2,645.31 181.37 (256.21) 3,010.18 (1,574.07) - Deferred tax (920.65) (67.57) 89.84 (1,053.46) 545.14 (b) Effective portion of gains (losses) on hedging instruments in cash flow hedges 89.57 60.90 (55.87) 94.80 2.92 - Deferred tax (22.54) (15.33) 14.07 (23.86) (0.73) (c) Share of other comprehensive income in associates and joint ventures, to the extent to be reclassified to profit or loss (4.90)", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 35, "section": "(CA Nancy Gupta) \n(CA K. B. Solanki) \n(CA Asha Patel) \nPartner \nPartner \nPartner \nM. No. 067953 \nM. No. 110299 \nM. No. 166048 \nUDIN: 25067953BMOZNF1197 \nUDIN: 25110299BMJOVG6893 \nUDIN: 25166048BMKNOK9005 \nLaxmi Tripti & Associates \nTalati & Talati LLP \nChartered Accountants \nChartered Accountants \nFirm Reg. No. 009189C \nFirm Reg. No. \n110758W/W100377 \nRajesh \nDigitally signed by \nRajesh Kumar \nAmit \nDigitally signed \nKumar \nGupta \nby Amit Shah \nDate:2025.05.21 \nGupta \n19:53:26 +05'30' \nShah \nDate:2025.05.21 \n19:53:49 +05'30'", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9f63aa9e1bc1a69c"}, {"chunk_id": "1cc6672c9d8fa8d3", "content": "89.57 60.90 (55.87) 94.80 2.92 - Deferred tax (22.54) (15.33) 14.07 (23.86) (0.73) (c) Share of other comprehensive income in associates and joint ventures, to the extent to be reclassified to profit or loss (4.90) (59.78) 48.09 (72.46) 31.88 Total Other Comprehensive Income (XII) (660.13) (9,621.44) 7,560.39 (6,488.18) 18,125.43 XIII Total Comprehensive Income for the period (XI+XII) 8,196.20 162.20 18,656.42 31,840.41 73,398.58 XIV Profit for the period attributable to: - Owners of the Company 7,322.82 8,621.69 10,031.79 36,225.61 49,143.93 - Non-controlling interests 1,533.51 1,161.95 1,064.24 2,102.98 6,129.22 8,856.33 9,783.64 11,096.03 38,328.59 55,273.15 XV Other comprehensive income attributable to: - Owners of the Company (573.77) (9,383.65) 7,368.28 (6,407.73) 17,777.17 - Non-controlling interests (86.36) (237.79) 192.11 (80.45) 348.26 (660.13) (9,621.44) 7,560.39 (6,488.18) 18,125.43 XVI Total comprehensive income attributable to: - Owners of the Company 6,749.05 (761.96) 17,400.07 29,817.88 66,921.10 - Non-controlling interests 1,447.15 924.16 1,256.35 2,022.53 6,477.48 8,196.20 162.20 18,656.42 31,840.41 73,398.58 XVII 6,290.14 6,290.14 6,290.14 6,290.14 6,290.14 Paid up equity share capital (Face value of t5/- each) XVIII Net worth# 374,235.12 372,393.98 359,624.26 374,235.12 359,624.26 XIX Paid up Debt Capital / Outstanding Debt$ 153,555.91 138,927.48 157,685.59 153,555.91 157,685.59 XX Other Equity 337,150.34 336,892.78 332,778.74 337,150.34 332,778.74 XXI Capital Redemption Reserve 133.95 133.95 191.75 133.95 191.75 XXII Debenture Redemption Reserve 27.11 27.14 1,571.66 27.11 1,571.66 XXIII", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 35, "section": "(CA Nancy Gupta) \n(CA K. B. Solanki) \n(CA Asha Patel) \nPartner \nPartner \nPartner \nM. No. 067953 \nM. No. 110299 \nM. No. 166048 \nUDIN: 25067953BMOZNF1197 \nUDIN: 25110299BMJOVG6893 \nUDIN: 25166048BMKNOK9005 \nLaxmi Tripti & Associates \nTalati & Talati LLP \nChartered Accountants \nChartered Accountants \nFirm Reg. No. 009189C \nFirm Reg. No. \n110758W/W100377 \nRajesh \nDigitally signed by \nRajesh Kumar \nAmit \nDigitally signed \nKumar \nGupta \nby Amit Shah \nDate:2025.05.21 \nGupta \n19:53:26 +05'30' \nShah \nDate:2025.05.21 \n19:53:49 +05'30'", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9f63aa9e1bc1a69c"}, {"chunk_id": "5fc581e03ce190cd", "content": "138,927.48 157,685.59 153,555.91 157,685.59 XX Other Equity 337,150.34 336,892.78 332,778.74 337,150.34 332,778.74 XXI Capital Redemption Reserve 133.95 133.95 191.75 133.95 191.75 XXII Debenture Redemption Reserve 27.11 27.14 1,571.66 27.11 1,571.66 XXIII Earnings per equity share. (Face value of t5/- each) - not annualised (a) Basic (Z) (b) Diluted (t) 5.82 6.85 7.97 28.80 39.06 5.82 6.85 7.97 28.80 39.06 XXIV Debt Equity Ratio# 0.41 0.37 0.44 0.41 0.44 XXV Debt Service Coverage Ratio# 1.77 0.92 1.36 1.27 1.84 XXVI Interest Service Coverage Ratio# 7.11 8.04 7.96 7.22 9.83 XXVII Current Ratio# 0.81 0.84 0.83 0.81 0.83 XXVIII Long Term Debt to Working Capital# *** *** 28.40 *** 28.40 XXIX Bad debts to Account Receivable Ratio# - - - - 0.01 XXX Current Liability Ratio# 0.43 0.41 0.44 0.43 0.44 XXXI Total Debts to Total Assets# 0.20 0.19 0.21 0.20 0.21 XXXII Debtors Turnover# 7.55 7.66 7.88 28.93 30.02 XXXIII Inventory Turnover# 3.09 3.17 3.22 11.77 13.10 XXXIV Operating Margin (%)# 9.75 10.35 11.57 10.11 13.52 XXXV Net Profit Margin (%)# 5.18 5.89 6.45 5.78 8.46 * Represents consumption of raw materials and stores & spares. ** Employee benefits expense shown above is net of allocation to different activities. $ comprises non-current and current borrowings. # Refer Note No. 17. ^Restated, refer Note No. 8 & 9. *** Not disclosed as denominator is negative.", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 35, "section": "(CA Nancy Gupta) \n(CA K. B. Solanki) \n(CA Asha Patel) \nPartner \nPartner \nPartner \nM. No. 067953 \nM. No. 110299 \nM. No. 166048 \nUDIN: 25067953BMOZNF1197 \nUDIN: 25110299BMJOVG6893 \nUDIN: 25166048BMKNOK9005 \nLaxmi Tripti & Associates \nTalati & Talati LLP \nChartered Accountants \nChartered Accountants \nFirm Reg. No. 009189C \nFirm Reg. No. \n110758W/W100377 \nRajesh \nDigitally signed by \nRajesh Kumar \nAmit \nDigitally signed \nKumar \nGupta \nby Amit Shah \nDate:2025.05.21 \nGupta \n19:53:26 +05'30' \nShah \nDate:2025.05.21 \n19:53:49 +05'30'", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9f63aa9e1bc1a69c"}, {"chunk_id": "76b73ab5637ad2d0", "content": "CIN No. L74899DL1993GOI054155 Regd.Office: Plot No. 5A-5B, Nelson Mandela Road, Vasant Kunj, New Delhi, South West Delhi - 110070 Tel: 011-26754002, Fax: 011-26129091, E-mail: secretariat@ongc.co.in STATEMENT OF CONSOLIDATED ASSETS & LIABILITIES AS AT MARCH 31, 2025 As at April 01, 2023^ As at March 31, 2024^ Particulars As at March 31, 2025 Audited Audited Audited I. ASSETS (1) Non-current assets (a) Property, plant and equipment (i) Oil and gas assets (a) Tangible 157,405.43 144,996.69 131,500.21 (b) Intangible 329.22 362.90 280.85 (ii) Other property, plant and equipment 134,067.95 126,992.77 115,047.40 (iii) Right of Use Assets 34,181.47 34,407.33 14,445.68 (b) Capital work-in-progress (i) Oil and gas assets a) Development wells in progress 4,047.33 9,010.13 9,725.99 b) Oil and gas facilities in progress 39,269.06 37,305.96 34,410.87 c) Acquisition Cost 21,634.90 21,109.73 22,203.24 (ii) Others 22,085.54 24,229.71 29,337.49 (c) Investment Property 7.87 7.87 7.87 (d) Goodwill (including Goodwill on Consolidation) 12,762.49 12,136.44 12,033.41 (e) Other intangible assets 1,420.74 1,360.08 980.94 (f) Intangible assets under development (i) Exploratory wells in progress 19,585.93 18,456.39 16,392.49 (ii) Acquisition cost - 1,265.00 1,265.00 (iii) Intangible Oil and Gas Assets in progress 5,695.76 4,219.24 2,559.27 (iv) Others 40.76 52.00 293.64 (g) Investments in Joint Ventures and Associates 58,647.46 54,036.43 50,432.31 (h) Financial assets (i) Other Investments 33,717.45 41,444.93 20,032.56 (ii) Trade receivables 2,379.23 2,535.48 2,622.49 (iii) Loans 7,584.73 3,442.59 2,965.56", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 38, "section": "ailwAtgft \nT", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "313f854e213a6854"}, {"chunk_id": "87d5c51931edd4aa", "content": "58,647.46 54,036.43 50,432.31 (h) Financial assets (i) Other Investments 33,717.45 41,444.93 20,032.56 (ii) Trade receivables 2,379.23 2,535.48 2,622.49 (iii) Loans 7,584.73 3,442.59 2,965.56 (iv) Deposit under site restoration fund 30,848.79 28,571.04 26,751.16 (v) Finance lease receivables - - - (vi) Others 12,089.23 10,519.07 8,800.00 (i) Deferred tax assets (net) 7,077.56 6,381.87 5,826.92 (j) Non-current tax assets (net) 14,676.32 14,873.25 14,254.50 (k) Other non-current assets 4,371.36 4,060.29 3,838.65 Total non-current assets 623,926.58 601,777.19 526,008.50 (2) Current assets (a) Inventories 58,956.33 53,792.78 45,962.39 (b) Financial assets (i) Investments 3,252.50 5,380.21 5,168.90 (ii) Trade receivables 21,227.80 19,704.13 18,659.60 (iii) Cash and cash equivalents 4,554.36 4,141.57 2,643.66 (iv) Other bank balances 22,623.40 37,690.28 26,500.33 (v) Loans 459.04 420.07 457.61 (vi) Others 15,445.43 12,413.09 9,243.85 (c) Current Tax Assets (net) 0.78 - 189.09 (d) Other current assets 8,263.79 6,600.23 7,885.97 Total current assets 134,783.43 140,142.36 116,711.40 Assets classified as held for sale 13.10 78.39 53.83 Total assets 758,723.11 741,997.94 642,773.73 II. EQUITY AND LIABILITIES (1) Equity (a) Equity share capital 6,290.14 6,290.14 6,290.14 (b) Other equity 337,150.34 332,778.74 278,255.24 Equity attributable to owners of the Company 343,440.48 339,068.88 284,545.38 Non-controlling interests 30,794.64 20,555.38 15,048.05 Total Equity 374,235.12 359,624.26 299,593.43 CIN No. L74899DL1993GOI054155 Regd.Office: Plot No.", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 38, "section": "ailwAtgft \nT", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "313f854e213a6854"}, {"chunk_id": "1bfd8f071e22816e", "content": "Equity attributable to owners of the Company 343,440.48 339,068.88 284,545.38 Non-controlling interests 30,794.64 20,555.38 15,048.05 Total Equity 374,235.12 359,624.26 299,593.43 CIN No. L74899DL1993GOI054155 Regd.Office: Plot No. 5A-5B, Nelson Mandela Road, Vasant Kunj, New Delhi, South West Delhi - 110070 Tel: 011-26754002, Fax: 011-26129091, E-mail: secretariat@ongc.co.in STATEMENT OF CONSOLIDATED ASSETS & LIABILITIES AS AT MARCH 31, 2025 As at April 01, 2023^ As at March 31, 2024^ Particulars As at March 31, 2025 Audited Audited Audited (2) Liabilities Non-current liabilities (a) Financial liabilities (i) Borrowings 98,474.13 96,970.64 125,118.55 (ii) Lease Liabilities 24,384.79 25,576.20 8,443.06 (iii) Others 317.81 271.67 485.57 (b) Provisions 54,308.15 50,678.05 40,423.07 (c) Deferred Tax liabilities (net) 38,761.83 38,228.52 32,927.58 (d) Other non-current liabilities 1,399.27 1,301.12 1,249.82 Total non-current liabilities 217,645.98 213,026.20 208,647.65 Current Liabilities (a) Financial liabilities (i) Borrowings 55,081.78 60,714.95 38,479.97 (ii) Lease Liabilities 9,876.61 7,933.45 4,702.46 (iii) Trade payables - to micro and small enterprises 1,380.39 1,301.41 790.44 - to other than micro and small enterprises 37,595.14 36,845.86 33,622.50 (iv) Others 44,562.95 43,519.16 40,804.51 (b) Other current liabilities 10,631.69 11,398.11 10,388.19 (c) Provisions 7,071.13 6,963.75 5,283.76 (d) Current Tax Liabilities (net) 642.32 579.60 460.82 Total current liabilities 166,842.01 169,256.29 134,532.65 Liabilities directly associated with assets classified as held for sale - 91.19 - Total liabilities", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 38, "section": "ailwAtgft \nT", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "313f854e213a6854"}, {"chunk_id": "817ca3a361e2ccc8", "content": "5,283.76 (d) Current Tax Liabilities (net) 642.32 579.60 460.82 Total current liabilities 166,842.01 169,256.29 134,532.65 Liabilities directly associated with assets classified as held for sale - 91.19 - Total liabilities 384,487.99 382,373.68 343,180.30 Total equity and liabilities 758,723.11 741,997.94 642,773.73 ^Restated, refer Note No. 8 & 9. CIN No. L74899DL1993GOI054155", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 38, "section": "ailwAtgft \nT", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "313f854e213a6854"}, {"chunk_id": "f9f813859884fcdd", "content": "Regd.Office : Plot No. 5A- 5B, Nelson Mandela Road, Vasant Kunj, New Delhi, South West Delhi - 110070 Tel: 011-26754002, Fax: 011-26129091, E-mail: secretariat@ongc.co.in CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED MARCH 31, 2025 Year Ended March 31, 2025 Year Ended March 31, 2024^ A. CASH FLOW FROM OPERATING ACTIVITIES: Net Profit After Tax 38,328.59 55,273.15 Adjustments For: - Income Tax Expense 14,069.27 18,356.06 - Share of profit of joint ventures and associates (1,035.59) (4,317.72) - Exceptional Items 151.09 1,636.43 - Depreciation, Depletion, Amortisation & Impairment 35,205.97 30,440.10 - Exploratory Well Costs Written off 7,605.43 3,867.63 - Finance cost 14,534.95 13,025.70 - Unrealized Foreign Exchange Loss/(Gain) 870.98 745.15 - Other impairment and Write offs 2,983.74 3,401.99 - Excess Provision written back (17.27) (28.26) - Interest Income (net of interest on income tax refund) (6,548.69) (5,987.44) - Loss / (gain) on fair valuation of financial instruments (71.61) (2.25) - Amortization of Financial Guarantee (1.20) (1.01) - Amortization of prepayments 0.67 0.74 - Liabilities no longer required written back (183.65) (1,027.45) - Amortization of Government Grant (70.24) (48.09) - Loss/(Profit) on sale of investment (85.71) (30.96) - Loss/(Profit) on sale of non current assets 104.43 137.44 - Pass through gain from AIF - Startup Fund Trust (2.01) - - Dividend Income (1,666.60) (1,831.17) - Remeasurement of Defined benefit plans (722.95) (417.11) - Other expenditure/income 41.73 65,162.74 (9.19) 57,910.59", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 40, "section": "CAP \nonoc", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d67c826748afd635"}, {"chunk_id": "f27b1805b661d2c4", "content": "104.43 137.44 - Pass through gain from AIF - Startup Fund Trust (2.01) - - Dividend Income (1,666.60) (1,831.17) - Remeasurement of Defined benefit plans (722.95) (417.11) - Other expenditure/income 41.73 65,162.74 (9.19) 57,910.59 Operating Profit before Working Capital Changes 103,491.33 113,183.74 Adjustments for:- - Receivables (906.47) (728.72) - Loans and Advances (835.61) (1,163.68) - Other Assets (1,403.67) 957.51 - Inventories (5,177.00) (7,960.53) - Trade Payable and Other Liabilities 9,691.96 1,369.21 9,124.17 228.75 Cash generated from Operations 104,860.54 113,412.49 Income Taxes Paid (Net of tax refund) (13,992.36) (14,565.89) Net Cash generated by Operating Activities 'A' 90,868.18 98,846.60 B. CASH FLOW FROM INVESTING ACTIVITIES: Payments for Property, plant and equipment (41,030.80) (38,132.84) Proceeds from disposal of Property, plant and equipment 316.68 250.96 Capital Grants Received 12.55 5.09 Exploratory and Development Drilling (14,645.41) (13,985.97) Redemption/(Investments) in Term deposits 11,929.91 (8,008.90) Redemption/(Investment) in Mutual funds 85.71 32.47 Investment in Joint Venture and Associates (3,322.09) (3,530.45) Repayment/(grant) of loan to Joint ventures/Associates (3,825.00) (500.00) Payment for Acquisition of Subsidiary, net of Cash acquired (1,156.90) - Investments - Others 1,649.38 (7.70) Pass through gain from AIF - Startup Fund Trust - - Withdrawal/(Deposit) in Site Restoration Fund (2,266.53) (1,814.73) Funds Received on Behalf of S-1 LLC - 4,923.42 Earmarked Deposits held on behalf of S-1 LLC - (4,923.42)", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 40, "section": "CAP \nonoc", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d67c826748afd635"}, {"chunk_id": "dab003953d42aa0c", "content": "- - Withdrawal/(Deposit) in Site Restoration Fund (2,266.53) (1,814.73) Funds Received on Behalf of S-1 LLC - 4,923.42 Earmarked Deposits held on behalf of S-1 LLC - (4,923.42) Dividend Received from Associates and Joint Ventures 1,856.88 1,824.83 Dividend Received from Other Investments 1,666.60 1,831.16 Interest Received 5,707.34 4,551.07 Net Cash used in Investing Activities 'B' (43,021.68) (57,485.01) CIN No. L74899DL1993GOI054155 Regd.Office : Plot No. 5A- 5B, Nelson Mandela Road, Vasant Kunj, New Delhi, South West Delhi - 110070 Tel: 011-26754002, Fax: 011-26129091, E-mail: secretariat@ongc.co.in CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED MARCH 31, 2025 Year Ended March 31, 2024^ Audited Audited Particulars Year Ended March 31, 2025 C. CASH FLOW FROM FINANCING ACTIVITIES: Change in NCI (494.05) (609.28) Proceeds from Non Current Borrowings 25,610.38 27,959.05 Repayment of Non Current Borrowings (43,546.67) (39,044.78) Proceeds/(Repayment) of Current Borrowings (net) 10,548.36 (816.97) Dividend Paid on Equity Share (16,984.74) (12,894.90) Share Issue Expenses (6.59) - Interest Paid (11,039.46) (10,574.06) Payment of Lease Liabilities (net of interest) (9,944.69) (7,311.82) Interest expense on lease liabilities (2,050.08) (1,716.50) Net Cash (used in)/generated by Financing Activities 'C' (47,907.54) (45,009.26) Net increase/(decrease) in Cash and Cash Equivalents (A+B+C) (61.04) (3,647.67) Cash and Cash Equivalents as at the beginning of period (2,356.87) 1,229.00", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 40, "section": "CAP \nonoc", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d67c826748afd635"}, {"chunk_id": "61f0ccf670b95d43", "content": "(47,907.54) (45,009.26) Net increase/(decrease) in Cash and Cash Equivalents (A+B+C) (61.04) (3,647.67) Cash and Cash Equivalents as at the beginning of period (2,356.87) 1,229.00 Add: Effect of exchange rate changes on the balance of cash and cash equivalents held in foreign currency 120.35 61.80 Cash and Cash Equivalents as at the end of period # (2,297.56) (2,356.87) ^ Restated, refer Note No. 8 & 9. # Details of cash and cash equivalents at the end of the period: Particulars As at March 31, 2025 As at March 31, 2024^ Balances with Banks 825.38 2,237.54 Cash on Hand 10.39 9.18 Bank Deposit with original maturity up to 3 months 3,718.58 1,894.85 4,554.35 4,141.57 Less :Cash Credit/Bank OD 6,851.91 6,498.44 Cash and cash equivalents at the end of the period (2,297.56) (2,356.87) ^ Restated, refer Note No. 8 & 9. CIN No. L74899DL1993GOI054155 Regd.Office : Plot No. 5A- 5B, Nelson Mandela Road, Vasant Kunj, New Delhi, South West Delhi - 110070 OIL AND NATURAL GAS CORPORATION LIMITED Tel: 011-26754002, Fax: 011-26129091, E-mail: secretariat@ongc.co.in CONSOLIDATED SEGMENT WISE REVENUE, RESULTS, ASSETS & LIABILITIES Quarter Ended March 31, 2025 Quarter Ended December 31, 2024 Quarter Ended March 31, 2024^ Year Ended March 31, 2025 Year Ended March 31, 2024^ Audited Unaudited Audited Audited Audited Segment Revenue A. In India (i) E&P a) Offshore 24,782.70 23,653.15 23,890.68 95,627.26 94,270.18 b) Onshore 10,116.97 9,977.43 10,667.01 41,893.98 43,864.61 (ii) Refining & Marketing 146,157.96 144,725.76 150,922.31 576,326.20 567,459.75 (iii) Petrochemicals 3,728.85 3,693.12 3,691.76 14,807.78 14,307.32", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 40, "section": "CAP \nonoc", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d67c826748afd635"}, {"chunk_id": "bc4d20af386d8b30", "content": "23,890.68 95,627.26 94,270.18 b) Onshore 10,116.97 9,977.43 10,667.01 41,893.98 43,864.61 (ii) Refining & Marketing 146,157.96 144,725.76 150,922.31 576,326.20 567,459.75 (iii) Petrochemicals 3,728.85 3,693.12 3,691.76 14,807.78 14,307.32 B. Outside India 6,090.83 2,070.11 5,720.70 12,994.56 13,197.23 C. Others Unallocated 57.09 46.79 37.84 176.80 149.55 Total 190,934.40 184,166.36 194,930.30 741,826.58 733,248.64 Less: Inter Segment Revenue 20,122.67 18,069.68 22,793.23 78,564.27 80,077.87 Revenue from operations 170,811.73 166,096.68 172,137.07 663,262.31 653,170.77 Segment Result Profit(+)/Loss(-) before tax and interest from each segment A. In India (i) E&P a) Offshore 7,685.21 9,411.24 10,856.94 38,347.97 43,968.25 b) Onshore 1,583.17 1,781.48 554.15 6,652.31 6,139.82 (ii) Refining & Marketing 5,207.41 5,252.97 5,190.31 12,400.51 26,518.22 (iii) Petrochemicals (567.69) (540.87) (429.56) (1,873.83) (2,348.54) B. Outside India 549.97 315.05 (1,209.04) 2,847.36 749.23 Total 14,458.07 16,219.87 14,962.80 58,374.32 75,026.98 Less: i. Finance Cost 3,500.32 3,669.74 3,608.12 14,534.95 13,025.70 ii. Other unallocable expenditure net of unallocable income. (1,409.14) (1,336.75) (1,473.85) (7,523.04) (7,310.21) Add: Share of profit/(loss) of joint ventures and associates: A. In India (i) Refining & Marketing 276.38 (521.25) (15.15) (183.49) 1,187.46 (ii) Unallocated 148.28 114.68 116.36 502.00 502.36 B. Outside India-E&P 214.41 41.88 1,640.23 716.94 2,627.90 Profit before Tax 13,005.96 13,522.19 14,569.97 52,397.86 73,629.21", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 40, "section": "CAP \nonoc", "subsection": "Rajesh \nDigitally signed by \nRajesh Kumar \nKumar \nGupta \nDate: 2025.05.21 \nGupta \n19:35:26 +0530' \n(CA Rajesh Kumar Gupta) \nPartner (M. No. 077204)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d67c826748afd635"}, {"chunk_id": "a7d24445e962fcbc", "content": "Segment Assets A. In India (i) E&P a) Offshore 191,228.40 192,938.16 186,716.40 191,228.40 186,716.40 b) Onshore 82,429.26 80,968.67 78,475.66 82,429.26 78,475.66 (ii) Refining & Marketing 226,591.31 214,704.10 214,531.60 226,591.31 214,531.60 (iii) Petrochemicals 30,315.82 29,452.98 29,172.42 30,315.82 29,172.42 B. Outside India 127,173.93 117,967.47 119,916.32 127,173.93 119,916.32 C. Others Unallocated 100,984.39 101,357.15 113,185.54 100,984.39 113,185.54 Total 758,723.11 737,388.53 741,997.94 758,723.11 741,997.94 Segment Liabilities A. In India (i) E&P a) Offshore 84,437.59 84,468.36 82,514.55 84,437.59 82,514.55 b) Onshore 19,367.67 19,576.24 19,308.97 19,367.67 19,308.97 (ii) Refining & Marketing 159,524.58 151,553.15 151,856.49 159,524.58 151,856.49 (iii) Petrochemicals 26,216.94 24,139.37 32,013.41 26,216.94 32,013.41 B. Outside India 62,631.22 55,219.67 58,693.16 62,631.22 58,693.16 C. Others Unallocated 32,309.99 30,037.76 37,987.10 32,309.99 37,987.10 Total 384,487.99 364,994.55 382,373.68 384,487.99 382,373.68 ^Restated, refer Note No. 8 & 9. Note: Segments have been identified and reported taking into account the differing risks and returns, the groups structure and the internal reporting systems. These have been organized into the following Geographical and Business segments: Geographical Segments:    a) In India  -  Offshore  and  Onshore      b) Outside India. Business Segments :         a) Exploration & Production (E&P)         b) Refining & Marketing of Petroleum products       c) Petrochemicals 1. The consolidated financial results of the Company for the quarter and year ended March 31,", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 42, "section": "CAP \nonoc", "subsection": "before the Hon'ble Delhi High Court seeking enforcement and execution of the Octob \nBGEPIL contend that GOI' s execution petition is not maintainable and have", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a895a4007d11cd75"}, {"chunk_id": "831d85c624532c4a", "content": "1. The consolidated financial results of the Company for the quarter and year ended March 31, 2025 have been reviewed and recommended by the Audit Committee and approved by the Board of Directors in their respective meetings held on May 21, 2025. 2. The audited accounts are subject to review by the Comptroller and Auditor General of India under section 143(6) of the Companies Act, 2013. 3. The figures for the quarter ended March 31, 2025 are the balancing figures between audited figures in respect of the full financial year and the reviewed year-to-date figures upto the third quarter of the financial year. 4. The consolidated financial results of the Group [The Holding Company (the Company) and its subsidiaries] have been audited by the Statutory Auditors as required under Regulation 33 and 52 of SEBI (Listing Obligations and Disclosure Requirements), Regulation, 2015. The Statutory Auditors have issued unmodified opinion on the consolidated financial results for the year ended March 31, 2025. 5. The Company, with 40% Participating Interest (PI), was a Joint Operator in Panna-Mukta and Mid & South Tapti Fields along with Reliance Industries Limited (RIL) and BG Exploration and Production India Limited (BGEPIL) each having 30% PI, (all three together Government of India (Union of India) on December 22, 1994 for a period of 25 years. The PSCs for Panna-Mukta and Mid & South Tapti have expired on December 21, 2019. In terms", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 42, "section": "CAP \nonoc", "subsection": "before the Hon'ble Delhi High Court seeking enforcement and execution of the Octob \nBGEPIL contend that GOI' s execution petition is not maintainable and have", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a895a4007d11cd75"}, {"chunk_id": "e0b3315834960b00", "content": "Government of India (Union of India) on December 22, 1994 for a period of 25 years. The PSCs for Panna-Mukta and Mid & South Tapti have expired on December 21, 2019. In terms of the Panna-Mukta Field Asset Handover Agreement, the Contractors of PMT JV are liable for the pre-existing liability. referred to as \"Contractors\") signed two Production Sharing Contracts (PSCs) with In December 2010, RIL & BGEPIL (JV Partners) invoked an international arbitration proceeding against the Union of India in respect of certain disputes, differences and claims arising out of and in connection with both the PSCs. The Ministry of Petroleum and Natural Gas (MoP&NG), vide their letter dated July 04, 2011, had directed the Company not to participate in the Arbitration initiated by the JV Partners (RIL & BGEPIL). MoP&NG has also stated that the Arbitral Award would be applicable to the Company also as a constituent of the Contractor for both the PSCs. Directorate General of Hydrocarbons (DGH), vide letter dated May 25, 2017 had informed the Company that on October 12, 2016, a Final Partial Award (FPA) was pronounced by the Tribunal in the said arbitrations. As informed by BGEPIL that on issues relating to the aforesaid disputes, additional Audit Award on January 11, 2018, Agreement Case Award on October 01, 2018 and Jurisdictional Award on March 12, 2019 were pronounced. However,", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 42, "section": "CAP \nonoc", "subsection": "before the Hon'ble Delhi High Court seeking enforcement and execution of the Octob \nBGEPIL contend that GOI' s execution petition is not maintainable and have", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a895a4007d11cd75"}, {"chunk_id": "41ef2cd3599a523c", "content": "aforesaid disputes, additional Audit Award on January 11, 2018, Agreement Case Award on October 01, 2018 and Jurisdictional Award on March 12, 2019 were pronounced. However, the details of proceedings of the FPA and other Orders are not available with the Company. DGH, vide their letters dated May 25, 2017 and June 04, 2018, marked to the Contractors, had directed the payment of differential Government of India share of Profit Petroleum and Royalty alleged to be payable by Contractors pursuant to Government's interpretation of the FPA (40% share of the Company amounting to US$ 1,624.05 million, including interest up to November 30, 2016) equivalent to Z 13, 915 Crore as on March 31, 2025 (March 31, 2024: Z 13,538 Crore). In response to the letters of DGH, the JV partners (with a copy marked to all Joint Venture Partners) had stated that demand of DGH was premature as the FPA did not make any money award in favour of Government of India, since quantification of liabilities were to be determined during the final proceedings of the arbitration. Further the award had also been challenged before the English Commercial Court (London High Court). Based on the above facts, the Company had also responded to the letters of DGH stating that pending finality of the order, the amount due and payable by the Company was not quantifiable. In view of the Company, if any changes are approved for increase in the Cost", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 42, "section": "CAP \nonoc", "subsection": "before the Hon'ble Delhi High Court seeking enforcement and execution of the Octob \nBGEPIL contend that GOI' s execution petition is not maintainable and have", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a895a4007d11cd75"}, {"chunk_id": "5f16c42a45eaff15", "content": "pending finality of the order, the amount due and payable by the Company was not quantifiable. In view of the Company, if any changes are approved for increase in the Cost Recovery Limit (CRL) by the Arbitral Tribunal as per the terms of the PSCs the liability to Government of India (GOI) would potentially reduce. The English Court has delivered its final verdict on May 02, 2018 following which the Arbitral Tribunal re-considered some of its earlier findings from the 2016 FPA (Revised Award). The GOI and JV Partners have challenged parts of the Revised Award before English Court. On February 12, 2020, the English Court passed a verdict favouring the challenges made by RIL & BGEPIL and also remitted the matter in the Revised Award back to Arbitral Tribunal for reconsideration. BGEPIL has informed that the Tribunal issued a verdict in January 2021, favouring RIL / BGEPIL on the remitted matter, which was challenged by the GOI before the English Court. The English Court delivered its verdict on June 09, 2022 dismissing the GoI's challenges and upholding the Revised Agreements Award. The GOI filed an appeal against the English Court verdict of June 09, 2022 that was rejected by the English courts in August 2022. Based on the information shared by BGEPIL, the GOI has also filed an execution petition er 12, 2016 FPA. RIL / opposed the reliefs sought by the GOI under the said petition. The hearings in the matter", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 42, "section": "CAP \nonoc", "subsection": "before the Hon'ble Delhi High Court seeking enforcement and execution of the Octob \nBGEPIL contend that GOI' s execution petition is not maintainable and have", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a895a4007d11cd75"}, {"chunk_id": "0db3ca8bc86b5fd9", "content": "Based on the information shared by BGEPIL, the GOI has also filed an execution petition er 12, 2016 FPA. RIL / opposed the reliefs sought by the GOI under the said petition. The hearings in the matter before the Hon'ble Delhi High Court seeking enforcement and execution of the Octob BGEPIL contend that GOI' s execution petition is not maintainable and have 04, 2022. The Delhi High Court issued a judgment dated June 0 of the 2016 FPA is premature, not maintainable and stands dismissed. The Government has filed an appeal against this verdict before a division bench of the Delhi High Court that is presently pending for final hearing.", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 42, "section": "CAP \nonoc", "subsection": "before the Hon'ble Delhi High Court seeking enforcement and execution of the Octob \nBGEPIL contend that GOI' s execution petition is not maintainable and have", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a895a4007d11cd75"}, {"chunk_id": "57eea996978cdd00", "content": "before the Hon'ble Delhi High Court concluded on August 2, 2023 that the Government's Execution Petition in respect In January 2018, the Company along with the JV partners had filed an application with MC for increase in Cost Recovery Limit (CRL) in terms of the PSCs. The application has been rejected by MC. Pursuant to the rejection, the JV partners have filed a claim with Arbitral Tribunal. One of the JV partners has further informed the Company that the hearing before the Arbitral Tribunal in respect of the CRL increase applications filed by RIL & BGEPIL has been concluded in February 2023, and an award is presently expected by December 2025. DGH vide letter dated January 14, 2019 has advised to the contractors to re-cast the accounts for Panna-Mukta and Mid & South Tapti Fields for the year 2017-18. Pending finalization of the decision of the Arbitral Tribunal, the JV partners and the Company had indicated in their letters to DGH that the final recasting of the accounts was premature and thus the issues raised by DGH may be kept in abeyance. During the financial year 2010-11, the Oil Marketing Companies, nominees of the GOI 275 Crore as on March 31, 2025 of Joint Operations  Panna-Mukta and Tapti Production Sharing Contracts (PSCs). The recovery is towards certain observations raised by auditors appointed by DGH under the two PSCs for the period 2002-03 to 2005-06 in respect of cost and profit petroleum share payable to GOI.", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 45, "section": "CAP \nonoc", "subsection": "before the Hon'ble Delhi High Court seeking enforcement and execution of the Octob \nBGEPIL contend that GOI' s execution petition is not maintainable and have", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8e3606ab29d2b21f"}, {"chunk_id": "f916cdebd3cf1576", "content": "The recovery is towards certain observations raised by auditors appointed by DGH under the two PSCs for the period 2002-03 to 2005-06 in respect of cost and profit petroleum share payable to GOI. recovered US$ 80.18 million (Share of the Company US$ 32.07 million equivalent to Z (March 31, 2024: Z 267 Crore) as per directives of GOI in respect Pending finality by Arbitration Tribunal on various issues raised above, re-casting of the financial statements and final quantification of liabilities, no provision has been accounted in the financial statements. The demand raised by DGH, amounting to US$ 1,624.05 million 915 Crore as on March 31, 2025 been considered as contingent liability. equivalent to Z 13, (March 31, 2024: Z 13,538 Crore) has The above disclosure is based on the information provided by BGEPIL a joint operator of PMT JV as ONGC has been advised by Govt. of India (MoP&NG) vide their letter dated July 04, 2011 not to participate in Arbitration initiated by RIL & BGEPIL under Panna-Mukta and Mid & South Tapti PSCs. However, in case of an arbitral award, same will be applicable to ONGC also as a constituent of the contractor for both the PSCs. 6. A. The Company had received demand orders from Service Tax Department at various work centres on account of Service Tax on Royalty in respect of Crude oil and Natural gas. Appeals against such orders have been filed before the Tribunals and the status are under: i.", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 45, "section": "CAP \nonoc", "subsection": "before the Hon'ble Delhi High Court seeking enforcement and execution of the Octob \nBGEPIL contend that GOI' s execution petition is not maintainable and have", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8e3606ab29d2b21f"}, {"chunk_id": "b6c2fc44823546b0", "content": "centres on account of Service Tax on Royalty in respect of Crude oil and Natural gas. Appeals against such orders have been filed before the Tribunals and the status are under: i. The Chennai Tribunal vide Order dated January 09, 2024 has set aside the demand of Service Tax on Royalty. ii. The Ahmedabad Tribunal adjourned the matter sine-die vide order dated June 25, 2019, against which the Company has filed writ petition before Hon ble Gujarat High Court. In this matter, Hon ble Gujarat High Court in the hearing held on January 04, 2021 directed the revenue authorities to file counter affidavit by January 21, 2021 which were filed on January 20, 2021. Subsequently, Hon ble Gujarat High Court disposed of writ petition and directed the Company to file early hearing application before the Ahmedabad Tribunal and Tribunal to hear the same in view of the above Chennai Tribunal Order. The Company has filed the early hearing application before Ahmedabad Tribunal on April 10, 2024, however, the hearing is not yet scheduled. iii. The matter before Mumbai Tribunal is also yet to be scheduled. B. The Company had also obtained legal opinion as per which the Service Tax/GST on Royalty in respect of Crude oil and Natural gas is not applicable. However, the litigation has continued under GST regime also, the status of which are as under: i. Demand order dated January 01, 2019 was received by the Company on account of GST", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 45, "section": "CAP \nonoc", "subsection": "before the Hon'ble Delhi High Court seeking enforcement and execution of the Octob \nBGEPIL contend that GOI' s execution petition is not maintainable and have", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8e3606ab29d2b21f"}, {"chunk_id": "c54f0ebd15429beb", "content": "However, the litigation has continued under GST regime also, the status of which are as under: i. Demand order dated January 01, 2019 was received by the Company on account of GST on Royalty in the State of Rajasthan. The Company filed writ petition before Hon ble High Court of Rajasthan. The Hon ble High Court of Rajasthan heard the matter on April 03, 2019 and issued notice to Department with a direction that no coercive action shall be taken against the Company. The final hearing has not yet taken place. ii. The Company also filed writ of mandamus before Hon ble High Court of Madras seeking stay on the levy of GST on royalty. The Hon ble High Court of Madras heard the matter on April 03, 2019 and issued notice to Central Government and State Government. The Central Government filed their counter affidavit on August 26, 2019. The Company filed additional grounds to the writ petition and filed rejoinder to the counter of the Central Government on January 24, 2020. The Hon ble High Court of Madras closed the writ petition in hearing held on July 06, 2022 based on the department s rejection of Company s GST refund applications without further examination on merit. However, liberty was granted to challenge the refund rejection order of department in accordance with law, accordingly, an appeal has been filed before the appellate authority challenging the department s refund rejection order dated June 24, 2022. iii.", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 45, "section": "CAP \nonoc", "subsection": "before the Hon'ble Delhi High Court seeking enforcement and execution of the Octob \nBGEPIL contend that GOI' s execution petition is not maintainable and have", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8e3606ab29d2b21f"}, {"chunk_id": "b23e00e6723a2830", "content": "order of department in accordance with law, accordingly, an appeal has been filed before the appellate authority challenging the department s refund rejection order dated June 24, 2022. iii. Disputes are also pending at various forums for various work centres in respect to GST on Royalty. As an abundant caution, the Company has deposited the disputed Service Tax and GST on royalty along with interest under-protest amounting to 16,466 Crore up to March 31, 2025 (  14,066 Crore up to March 31, 2024). The Company shall continue to contest such disputed matters before various forums based on the legal opinion as per which the Service Tax/GST on Royalty in respect of Crude oil and Natural gas is not applicable. However, considering the pendency of the decision in a similar matter by the Nine Judges Bench of Hon ble Supreme Court and keeping in view the considerable time lapsed, the company reviewed the entire issue of disputed Service Tax and GST on royalty and decided to make provision towards these disputed taxes as a prudent and conservative practice in respect of the nominated fields, as per agreed terms in JV blocks where there are no disputes amongst the JV partners and to the extent of company s participating interest in the JV blocks where there are disputes amongst the JV partners. The Nine Judges Bench of the Hon ble Supreme Court has pronounced its decision on the said pending matter in a similar case vide its", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 45, "section": "CAP \nonoc", "subsection": "before the Hon'ble Delhi High Court seeking enforcement and execution of the Octob \nBGEPIL contend that GOI' s execution petition is not maintainable and have", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8e3606ab29d2b21f"}, {"chunk_id": "b4a04b36744632b5", "content": "disputes amongst the JV partners. The Nine Judges Bench of the Hon ble Supreme Court has pronounced its decision on the said pending matter in a similar case vide its order dated July 25, 2024 and has, inter-alia, stated that royalty paid under Mines and Minerals (Development and Regulation) Act (MMDR Act) is not a tax. However, the nature of royalty being paid under Oilfields (Regulation and Development) Act (ORD Act) is to be decided by the Court separately as it has the distinct constitutional provision. Accordingly, the Company has made provision in the books to the extent of Z 1", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 45, "section": "CAP \nonoc", "subsection": "before the Hon'ble Delhi High Court seeking enforcement and execution of the Octob \nBGEPIL contend that GOI' s execution petition is not maintainable and have", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8e3606ab29d2b21f"}, {"chunk_id": "b4c14967609871cd", "content": "7,119 Crore towards disputed ST/GST on Royalty (together with interest thereon) for the period from April 01, 2016 to March 31, 2025 The provision pertaining to the FY 2024- 2,466 Crore. In respect of the liability towards ST/GST on royalty relating to JV blocks to the extent of the share of JV partners where there are disputes, the company is of the view that the Service Tax/GST, if applicable on royalty, will be required to be discharged by the JV partners in their respective share of participating interest in the JV blocks, even if ONGC is a licensee. This view of the company is duly backed by a legal opinion from the Additional Solicitor General of India (ASGI) in the context of the arbitration between the Company and JV Partners relating to Rajasthan JV where fresh arbitration has been recommended in view of the non-consideration of the terms and conditions of PSC which obligates the JV Partners to pay taxes including service tax and GST by the Arbitral Tribunal, London in its final award. (Z 14,654 Crore till March 31, 2024). 2025 is Z Accordingly, the other JV partners share of disputed ST/GST on Royalty in JV blocks where there are disputes (including Rajasthan Block) together with interest up to March 31, 2025 3,290 considered for provision and the same has been disclosed as contingent liability. , amounting to Z Crore (Z 5,296 Crore till March 31, 2024) has not been", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 47, "section": "CAP \nonoc", "subsection": "before the Hon'ble Delhi High Court seeking enforcement and execution of the Octob \nBGEPIL contend that GOI' s execution petition is not maintainable and have", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4e0c2d1683384105"}, {"chunk_id": "69300db1015c850d", "content": "31, 2025 3,290 considered for provision and the same has been disclosed as contingent liability. , amounting to Z Crore (Z 5,296 Crore till March 31, 2024) has not been The remaining disputed demand received by the Company in this respect towards penalty and other differences i.e. Z 1, (Z 1,872 Crore till 960 Crore upto March 31, 2025 March 31, 2024) has also been disclosed as contingent liability. Considering the Income tax experts opinion on the subject, the aforesaid amount deposited under protest has been claimed in the Income Tax return / in the ongoing assessment & appellate proceedings, as an allowable expenditure under section 37 read with section 43B of the Income Tax Act, 1961 for the relevant earlier assessment years and from FY 2023-24 onwards same has also been considered as an allowable expenditure while calculating the current tax. The Company has also created deferred tax asset amounting to Z 10 8 Crore in respect of the amounts yet to be deposited against the provision made for disputed taxes for the above periods. The Company purchased High Speed Diesel (\"HSD\") from Oil Marketing Companies under ICB tender and paid Excise duty comprising of Basic Excise Duty (\"BED\"), Additional Excise Duty (\"AED\"), Special Additional Excise Duty (\"SAED\"), Road and Infrastructure s (\"RIC\"). The Company has applied for refund of these duties under the deemed export", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 47, "section": "CAP \nonoc", "subsection": "before the Hon'ble Delhi High Court seeking enforcement and execution of the Octob \nBGEPIL contend that GOI' s execution petition is not maintainable and have", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4e0c2d1683384105"}, {"chunk_id": "3d764909c16984e3", "content": "Excise Duty (\"AED\"), Special Additional Excise Duty (\"SAED\"), Road and Infrastructure s (\"RIC\"). The Company has applied for refund of these duties under the deemed export benefit of refund of \"Terminal Excise Duty\" (hereinafter referred to as \"TED\") under Chapter 7 of the Foreign Trade Policy (2015-20) for period from July 01, 2017 to February 01, 2022 i.e upto the date when Customs Notification No. 50/2017 was revised to omit consumable fuel from List-33. Additional Director General of Foreign Trade (DGFT), Mumbai allowed TED refund applications only for the BED amount and disallowed the other duties of Excise. Based on legal opinion, the Company filed an appeal with DGFT, Delhi. Considering the legal position, as per the opinions of the learned counsels and the merits of the case, the company is of the view that the company is eligible for refund of other duties Z 2,088 Crore as on March 31, 2025 (March 31, 2024: Z 2,088 Crore) recoverable from Director General of Foreign Trade (DGFT), Government of India has been considered as good for recovery and  disclosed as Advance/claims recoverable in financial 8. The Company, pursuant to approval from Ministry of Petroleum & Natural Gas (MoP&NG) vide its letter dated August 9, 2024, has increased its equity shareholding in ONGC Petro additions Limited (OPaL) by 41.80% via conversion of a portion of Compulsory Convertible", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 47, "section": "CAP \nonoc", "subsection": "before the Hon'ble Delhi High Court seeking enforcement and execution of the Octob \nBGEPIL contend that GOI' s execution petition is not maintainable and have", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4e0c2d1683384105"}, {"chunk_id": "e8b6f86173d9b079", "content": "vide its letter dated August 9, 2024, has increased its equity shareholding in ONGC Petro additions Limited (OPaL) by 41.80% via conversion of a portion of Compulsory Convertible Debentures amounting to  6,107 crore into equity shares and conversion of share warrants upon payment of balance amount of  86 crore. Consequently, on September 12, 2024, the Z Company's shareholding in OPaL has been increased from 49.36% to 91.16%, thereby the Company gaining control over OPaL and accordingly OPaL has been consolidated as a subsidiary of the Company in the year ended March 31, 2025. Being a common control acquisition, the accounting has been done as per Appendix C to Ind AS 103 \"Business Combination\" as per the pooling of interest method under which assets and liabilities of OPaL are reflected at the carrying amounts and no adjustments are made to reflect fair values, or recognize any new assets or liabilities. Further, restatement of previous year consolidated financial statements has been done as if the business combination had occurred from beginning of preceding period (April 1, 2023) in compliance with Appendix C to Ind AS 103 \"Business Combination\". The Company had originally invested in OPaL via formation of Joint Venture (holding 49.36% ownership interest). The Company has gained control through subscription of additional equity shares of OPaL. Accordingly,", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 47, "section": "CAP \nonoc", "subsection": "before the Hon'ble Delhi High Court seeking enforcement and execution of the Octob \nBGEPIL contend that GOI' s execution petition is not maintainable and have", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4e0c2d1683384105"}, {"chunk_id": "cae82bcc6a143856", "content": "The Company had originally invested in OPaL via formation of Joint Venture (holding 49.36% ownership interest). The Company has gained control through subscription of additional equity shares of OPaL. Accordingly, the difference between the share capital of OPaL and the amount of purchase consideration (i.e., carrying value of equity interest), amounts to Nil as of April 1, 2023. The difference between the consideration paid,  10,556 crore (including carrying value of existing equity interest) and the value of 91.16% stake of net identifiable assets acquired of OPaL (  3,790 crore) on the date of acquisition (i.e., September 12, 2024) amounts to  14,347 crore. million equity shares of face value Z10 per share) in OPaL via settlement and conversion of Further, during the year, the Company increased its equity shareholding by 4.53% (12,172 remaining portion of Compulsory Convertible Debentures amounting to  1,671 crore into equity shares and allotment of  10,501 crore fully paid-up equity shares of face value of 10 each through subscription to right equity shares offered by OPaL. Pursuant to the aforementioned transactions, the Company's shareholding in OPaL has further increased from 91.16% to 95.69% as on March 31, 2025. 9. In accordance with Ind AS 8 'Accounting Policies, Changes in Accounting Estimates and Errors' and Ind AS 1 'Presentation of Financial Statements', the Group has retrospectively", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 47, "section": "CAP \nonoc", "subsection": "before the Hon'ble Delhi High Court seeking enforcement and execution of the Octob \nBGEPIL contend that GOI' s execution petition is not maintainable and have", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4e0c2d1683384105"}, {"chunk_id": "c3ace899c5ec3993", "content": "9. In accordance with Ind AS 8 'Accounting Policies, Changes in Accounting Estimates and Errors' and Ind AS 1 'Presentation of Financial Statements', the Group has retrospectively restated its Balance Sheet as at March 31, 2024 and April 1, 2023 (beginning of the preceding period) and Statement of Profit and Loss for the year ended March 31, 2024 for the reasons as stated below: a. Subsidiary company ONGC Videsh Limited (OVL) had acquired a 20% Participating", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 47, "section": "CAP \nonoc", "subsection": "before the Hon'ble Delhi High Court seeking enforcement and execution of the Octob \nBGEPIL contend that GOI' s execution petition is not maintainable and have", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4e0c2d1683384105"}, {"chunk_id": "8d7a5bf61baf80a9", "content": "Interest (PI) in the Joint Operations of Sakhalin-1 (S-1) Project, an Oil and Gas field located in the far-east offshore region of the Russian Federation, through a Production Sharing Agreement (PSA) executed in July 2001. OVL accounted for its share of PI (20%) in the said project on a proportionate consolidation basis in accordance with Ind AS 111  Joint Arrangements, considering the arrangement to be in the nature of a Joint Operation. On 7th October 2022, the President of the Russian Federation issued Presidential Decree, mandating the transfer of all rights and obligations of the S-1 Consortium under the PSA to a newly incorporated Russian limited liability Holding Company. Accordingly, a new entity, Sakhalin-1 Limited Liability Company (Sakhalin-1 LLC), was incorporated on 14th October 2022. The Government of the Russian Federation, through Resolution No. 1808 dated 12th October 2022, permitted the OVL to take ownership of 20% shares in the charter capital of Sakhalin-1 LLC in proportion to its PI in the previous joint arrangement. The grant was conditioned with transfer of the OVL abandonment fund relating to the S-1 project to Sakhalin-1 LLC. Given the significance of the transaction and non-availability of direct guidance under Ind AS, OVL sought guidance from the Expert Advisory Committee (EAC) of the Institute of Chartered Accountants of India (ICAI). The EAC, through Opinion No. 1866 dated 18th September 2024, agreed with", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 50, "section": "CAP \nonoc", "subsection": "'s share in the existing accumulated", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "873582c0742d3d3c"}, {"chunk_id": "015d80dd9483b5c6", "content": "from the Expert Advisory Committee (EAC) of the Institute of Chartered Accountants of India (ICAI). The EAC, through Opinion No. 1866 dated 18th September 2024, agreed with 's share in the existing accumulated the Company's assessment and opined that the new arrangement should be accounted for as a Joint Venture. Further, EAC recommended, by drawing analogy to paragraph 25 of Ind AS 110  Consolidated Financial Statements, that the fair value of the investment in Sakhalin-1 LLC on the date of transition can be considered as the deemed cost for the purpose of applying Ind AS 28  Investments in Associates and Joint Ventures. The above being a change in the basis of measurement, the same is considered as 'Change in Accounting Policy' and hence OVL has restated its Financials to record the changes as per Ind AS 8. Accordingly, the Holding Company engaged a Registered Valuer to determine the fair value of its 20% stake in Sakhalin-1 LLC as on the transition date. As per the valuation report, the fair value of the investment is USD 1,759. 14,479 crore as on 14th October 2022. Based on the above, the Holding Company has revised its accounting treatment and restated the financial statements as follows: 04 million, equivalent to Z - Recognized the fair value of investment in Sakhalin- 79 crore (USD 1,759.04 million) as cost of Investment- Pending Proportionate Ownership Interest in Equity of Sakhalin-1 LLC. 1 LLC amounting to Z 14,4", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 50, "section": "CAP \nonoc", "subsection": "'s share in the existing accumulated", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "873582c0742d3d3c"}, {"chunk_id": "b7e065ec6f9199aa", "content": "- Recognized the fair value of investment in Sakhalin- 79 crore (USD 1,759.04 million) as cost of Investment- Pending Proportionate Ownership Interest in Equity of Sakhalin-1 LLC. 1 LLC amounting to Z 14,4 - Derecognized the carrying value of net assets relating to the Joint Operation amounting ,320 crore (USD 1,739.71 million) as on the transition date. - R 59 crore (USD 19.33 million) as a gain in the Statement of Profit and Loss on the transition date, now forming part of Retained earnings. ecognized the difference of Z 1 b. In respect of subsidiary company ONGC Videsh Limited (OVL), the grant of a 20% equity interest in Sakhalin-1 LLC was subject to the condition that the OVL transfer its proportionate share in the accumulated abandonment fund to Sakhalin-1 LLC. In fulfilment of this condition, the Holding Company received its share of the fund from the Foreign Party Administrator on 5th and 6th April 2023. The funds were deposited into a special purpose bank account established with the prior approval of the Reserve Bank of India (RBI). While OVL is actively pursuing the transfer of the abandonment fund to Sakhalin-1 LLC, the remittance has been delayed due to prevailing restrictions on Russian banking channels. The Holding Company is engaged in discussions with the Government of the Russian Federation and Sakhalin-1 LLC to evaluate alternative mechanisms for effecting the required transfer.", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 50, "section": "CAP \nonoc", "subsection": "'s share in the existing accumulated", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "873582c0742d3d3c"}, {"chunk_id": "2439b7f47040dd6b", "content": "The Holding Company is engaged in discussions with the Government of the Russian Federation and Sakhalin-1 LLC to evaluate alternative mechanisms for effecting the required transfer. Given that the funds are held on behalf of Sakhalin-1 LLC (S-1 LLC), OVL had, in earlier financial statements, offset the related liability with the corresponding abandonment fund asset held in the designated bank account, including interest accrued thereon. Based on the substance of the arrangement, the liability was presented on a net basis under 'Other Financial Liabilities' in the Notes to Accounts. During the current financial year, OVL based on the opinion from Expert Advisory Committee (EAC) of the Institute of Chartered Accountants of India (ICAI) on the appropriateness of netting the liability for the abandonment fund against the asset held in the special purpose bank account, concluded that such set-off is not permissible. The asset and the corresponding liability should be presented on a gross basis. Further, the interest income accrued on the abandonment fund must be recognised in the Statement of Profit and Loss in accordance with the applicable provisions of Ind AS. Based on the EAC opinion, OVL has revised the presentation of the above items during the year as follows: Interest income of Z 3 and Z 2 - 14 crore (USD 37.04 million) for the year ended 31st March 2025", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 50, "section": "CAP \nonoc", "subsection": "'s share in the existing accumulated", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "873582c0742d3d3c"}, {"chunk_id": "24984607fe310fda", "content": "Based on the EAC opinion, OVL has revised the presentation of the above items during the year as follows: Interest income of Z 3 and Z 2 - 14 crore (USD 37.04 million) for the year ended 31st March 2025 73 crore (USD 32.83 million) for the year ended 31st March 2024 has been recognized under Other Income, with an equivalent amount presented under Finance Costs as Interest Expense on Liability for transferring abandonment fund to S-1 LLC. - 92 crore (USD 640.94 million) 5,133 crore (USD 615.81 million) as at 31st March 2024 has been disclosed under Other The fund balance of Z 5,4 as at 31st March 2025 and Z Bank Balances as \"Earmarked Deposits held on behalf of S 1 LLC\" -Interest accrued as at year- Interest  on earmarked fund held on behalf of S- 05 crore  (USD 23.95 million 24 crore (USD 14.83 million) as at 31st March 2024. end is shown under Other Financial Assets as \"Accrued — 1 LLC\", amounting to Z 2 ) as at 31st March 2025 and Z 1 -TDS deducted on such interest income is presented under Current Assets, amounting to crore 15 crore (USD 1.80 million) as at 31st March 2024. Z 38 (USD 4.59 million) as at 31st March 2025 and Z -The total of the above three components (fund balance, accrued interest, and TDS) is presented under Other Financial Liabilities as \"Liability for transferring abandonment 1 LLC\", amounting to Z 5,7 2025 and Z 5 fund to S- 36 crore (USD 669.48 million) as at 31st March ,272 crore (USD 632.44 million) as at 31st March 2024. c.", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 50, "section": "CAP \nonoc", "subsection": "'s share in the existing accumulated", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "873582c0742d3d3c"}, {"chunk_id": "1e202d7adad1f685", "content": "1 LLC\", amounting to Z 5,7 2025 and Z 5 fund to S- 36 crore (USD 669.48 million) as at 31st March ,272 crore (USD 632.44 million) as at 31st March 2024. c. During the year, subsidiary company ONGC Videsh Limited (OVL) has retrospectively c (USD 85.94 million) from Capital Work in Progress (CWIP) to Oil and Gas Assets, effective from FY 2022-23, which marks the completion of Phase II facilities in A-1 Myanmar project. This retrospective capitalisation has led to an increase in deple 85 crore (USD 23.05 million) for FY 2022- 79 crore (USD 21.68 million) for FY 2023-24. Accordingly, the related adjustments to opening retained earnings as at 01.04.2023 and profit in FY 2023-24 has been carried out. apitalised an amount of Z 706 crore tion expenses of Z1 23 and Z1 d. In respect of OVL, for the year ended 31 March 2025, the Group reassessed the", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 50, "section": "CAP \nonoc", "subsection": "'s share in the existing accumulated", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "873582c0742d3d3c"}, {"chunk_id": "1eaf862209be4160", "content": "classification of crude oil trading transactions undertaken by its subsidiary, ONGC Nile Ganga BV (ONGBV), with Falcon Oil and Gas BV (FOGBV), an associate holding a participating interest in the Lower Zakum Concession, UAE. These transactions were previously accounted for on a net basis, treating ONGBV as an agent, and a net income of 41 crore was recognised under 'Other Income' for the year ended 31 March 2024. Pursuant to the reassessment, it has been determined that the transactions are in the nature of principal. Consequently, revenue and corresponding purchase costs are now presented on a gross basis, in compliance with the disclosure requirements of Schedule III. OVL' s investment in ONGC Mittal Energy Limited (OMEL), a joint venture, has been fully impaired in the standalone financial statements in accordance with the requirements of Ind AS 36  Impairment of Assets. A similar treatment had previously been applied in the consolidated financial statements. During the current year, it was reassessed that, in accordance with Ind AS 28  Investments in Associates and Joint Ventures, the OVL Group accounts for its investment in OMEL using the equity method at the consolidated level. Under the equity method, the Group's share of OMEL' s losses is recognised to the extent of its interest in the joint venture, with such losses being adjusted against the carrying amount of the investment.", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 54, "section": "CAP \nonoc", "subsection": "'s share in the existing accumulated", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a8eb1dc43298f001"}, {"chunk_id": "ade0dc21f51a77cb", "content": "Under the equity method, the Group's share of OMEL' s losses is recognised to the extent of its interest in the joint venture, with such losses being adjusted against the carrying amount of the investment. As per paragraph 39 of Ind AS 28, once the Group's share of losses equals or exceeds its interest in the joint venture, further recognition of losses is discontinued unless the Group has incurred legal or constructive obligations or has made payments on behalf of the joint venture. As the Group has neither incurred any such obligations nor made any payments on behalf of OMEL, no additional liability has been recognised. Accordingly, the carrying amount of the investment in OMEL remains nil. f. The OVL Group, through its wholly owned subsidiary ONGC BTC Limited, holds investments in BTC Co. and BTC II, initially recorded at a nominal value of USD 1 each, which were not disclosed in prior periods. During the year ended 31 March 2025, ONGC BTC Limited acquired additional equity stakes in BTC Co. and BTC II, increasing its shareholding from 2.2892% to 3.004% in BTC Co., and from 2.36% to 3.100% in BTC II. In accordance with the Share Purchase Agreement, the total consideration was allocated in the ratio of 97% to BTC Co. and 3% to BTC II, and the investments were recognised at fair value, equivalent to the consideration paid. These investments have been classified as", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 54, "section": "CAP \nonoc", "subsection": "'s share in the existing accumulated", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a8eb1dc43298f001"}, {"chunk_id": "bfd2b2ba66c7b009", "content": "the ratio of 97% to BTC Co. and 3% to BTC II, and the investments were recognised at fair value, equivalent to the consideration paid. These investments have been classified as equity instruments measured at Fair Value through Other Comprehensive Income (FVTOCI), in accordance with Ind AS 109. OVL also identified that the initial investments were not recorded at fair value. As per Ind AS 8, prior period errors should be retrospectively corrected; however, retrospective restatement was deemed impracticable due to the unlisted nature of the investments, absence of an active market, and lack of reliable observable inputs. Accordingly, in line with paragraph 45 of Ind AS 8, OVL maintained the investments at nominal value of USD 1 each in the prior period and corrected the error prospectively using the consideration paid during the current year as the best estimate of fair value. Based on this approach, the fair value of the investment in BTC Co. as at 31 March 2025 is Z BTC II is Z 74 crore, and in 2 crore. g. OVL Group holds its investments in Petrocarabobo S.A. (PCSA) and Carabobo Ingenieríay Construcciones, S.A. (CISCA), classified as associates, through its step-down subsidiary Petro Carabobo Ganga B.V. (PCGBV), via its wholly owned subsidiary, Carabobo One AB. As at 31 March 2024, the Group had exten 551crore to 25 crore to CISCA, which were previously presented under 'Advances Recoverable in Cash' within Financial Assets.", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 54, "section": "CAP \nonoc", "subsection": "'s share in the existing accumulated", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a8eb1dc43298f001"}, {"chunk_id": "781327c5808929cf", "content": "AB. As at 31 March 2024, the Group had exten 551crore to 25 crore to CISCA, which were previously presented under 'Advances Recoverable in Cash' within Financial Assets. ded advances amounting to Z PCSA and Z During the year ended 31 March 2025, the Group performed an evaluation of the nature and recoverability of these advances. Based on this assessment, it was determined that the amounts are not expected to be recovered in cash and, in substance, represent additional capital contributions to the respective associates. Accordingly, these advances have been reclassified as subsequent investments in PCSA and CI 576 crore has been included in the carrying amount of 'Investments in Associates and Joint Ventures' in the consolidated financial statements. SCA. The aggregate amount of Z The impact of the said restatement/retrospective adjustments on the various components of the financial results (to the extent practicable) are as under: As previously reported (adjusted with the figures of OPaL as per Business Combination under Common Restatement As restated Oil and Gas Assets - Tangible Other property, plant and equipment Oil and gas facilities in progress Investments in Joint Ventures and Associates Financial assets - Others (Non-Current) Deferred tax assets (net) 296,756.00 - Deferred tax liabilities (net) 331,590.91 - Total equity and liabilities As previously reported (adjusted with the figures of OPaL as per Business Combination under Common Restatement As restated", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 54, "section": "CAP \nonoc", "subsection": "'s share in the existing accumulated", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a8eb1dc43298f001"}, {"chunk_id": "0bfcbf6017e2978a", "content": "296,756.00 - Deferred tax liabilities (net) 331,590.91 - Total equity and liabilities As previously reported (adjusted with the figures of OPaL as per Business Combination under Common Restatement As restated Oil and Gas Assets - Tangible Other property, plant and equipment Oil and gas facilities in progress Investments in Joint Ventures and Associates Financial assets - Others (Non-Current) Deferred tax assets (net) Financial assets - Others (Current) 311,661.77 - Borrowings (Non-Current) Financial Liabilities - Other (Non-Current) Deferred tax liabilities (net) Financial Liabilities - Other (Current) Current Tax liabilities (net) 168,934.64 - Total equity and liabilities Reconciliation of restated items of Statement of Profit and Loss for the year ended March 31, 2024 is provided below: As previously reported (adjusted with the figures of For the year ended March 31, 2024 OPaL as per Business Combination under Common Restatement As Restated Revenue from Operations Purchase of Stock-in-Trade 13,025.70 Depletion, depreciation, amortisation and impairment Provision, other impairment and write offs 313,313.47 - Profit before exceptional items and tax (1,636.43) - Exceptional items - Income/(expenses) Share of profit of Associates 1,313.87 - Share of profit of Joint Ventures 73,629.22 Tax expense - -                         - (a) Current tax relating to: - -                         - 15,230.19 - (391.72) - 18,356.07 -                         -                        -", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 54, "section": "CAP \nonoc", "subsection": "'s share in the existing accumulated", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a8eb1dc43298f001"}, {"chunk_id": "b87e3342ca66da4f", "content": "55,273.15 - -                         - Other comprehensive income - -                         - A Items that will not be reclassified to profit or loss - -                         - (a) Remeasurement of the defined benefit plans Profit/(Loss) for the year (577.81) - 146.39 - (b) Equity instruments through other comprehensive income 21,434.63 - (1,883.11) - (c) Share of other comprehensive income in associates and joint ventures, to the extent not to be reclassified to profit or loss 0.19 - Deferred tax - -                         - B Items that will be reclassified to profit or loss - -                         - 0.19 - (a) Exchange differences in translating the financial statement of foreign operation (b) Effective portion of gains (losses) on hedging instruments in cash flow hedges 2.92 - (0.74) - (c) Share of other comprehensive income in associates and joint ventures, to the extent to be reclassified to profit or loss 31.88 Total other comprehensive income (net of tax) 31.88 - Total Comprehensive Income for the year For the year ended March 31, 2024 As previously reported (adjusted with the figures of Restatement As Restated Earnings per equity share: (face value of Z 5 OPaL as per Business Combination under Common 10. In respect of subsidiary ONGC Videsh Limited (OVL), the OVL Group has considered possible effects resulting from the special operations carried out by Russia in Ukraine, various sanctions imposed on Russia by several countries and the Russian Government's", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 57, "section": "CAP \nonoc", "subsection": "Imperial Energy:", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e4cb85e206d5fdee"}, {"chunk_id": "352bbad4059ecc86", "content": "possible effects resulting from the special operations carried out by Russia in Ukraine, various sanctions imposed on Russia by several countries and the Russian Government's decrees in relation to Sakhalin-1 project. OVL Group has assessed the impact of these events on its operations/assets in Russia namely Sakhalin-1 (Joint arrangement  20% Stake), JSC Vankorneft (Associate  26% Stake) and Imperial Energy (Wholly owned subsidiary) as follows: Sakhalin-1: Refer note no. 9 a and b OVL has not received the financial statements of Sakhalin-1 LLC for the period from 1 January 2023 to 31 March 2025. Limited information regarding field operations, production summary, wells summary, drilling, and crude transportation operations has been received till 31 March 2025. Based on the limited information, the Company has estimated the profitability of Sakhalin-1 LLC for FY'25. The estimate indicates operating profit for the period. Considering, Conceptual Framework for Financial Reporting under Ind AS regarding recognition of asset or liability and any resulting income or expense, the estimate is subject to high measurement uncertainty. Therefore, the estimated share of profit has not been accounted for by the Company. In case of JSC Vankorneft, production from the field continues as per the Business Plan. The project being an equity-accounted entity, the OVL Group is entitled to dividends. Dividends for financial year 2024-25 have been received.", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 57, "section": "CAP \nonoc", "subsection": "Imperial Energy:", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e4cb85e206d5fdee"}, {"chunk_id": "9a7f79f766b73d2a", "content": "The project being an equity-accounted entity, the OVL Group is entitled to dividends. Dividends for financial year 2024-25 have been received. Dividends (including interest thereon) from J (Ruble 28.12 billion) are lying in Company's bank accounts in Moscow, Russia. Repatriation of the said dividends received is presently SC Vankorneft amounting to Z 2879 crore subject to restrictions as at 31 March, 2025. As such, the amount is available for use by the Group only in the country and currency of receipt. Imperial Energy's operations are continuing as per the Business Plan except for the price of crude oil sales being affected due to prevailing discounts. 11. The OVL Group assesses impairment loss on trade receivables on the basis of facts and circumstances relevant to each customer and has assessed its trade receivables for expected credit loss (ECL) including dues from Govt of Sudan (GoS) following general model for assessing lifetime ECL, under which recoverability of such receivables is estimated and expected cash flows are discounted by applying risk adjusted weighted average cost of borrowing. These trade receivables have become overdue and therefore effectively incorporate a significant financing component. In respect of these receivables, the OVL Group had initiated arbitration proceedings against the GoS for the recovery of the outstanding dues both under Exploration and Production", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 57, "section": "CAP \nonoc", "subsection": "Imperial Energy:", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e4cb85e206d5fdee"}, {"chunk_id": "01d0062533c6c40e", "content": "In respect of these receivables, the OVL Group had initiated arbitration proceedings against the GoS for the recovery of the outstanding dues both under Exploration and Production Sharing Agreement (EPSA) and Sale & Purchase Agreement (SPA). On 26 January 2023, the Arbitral Tribunal has awarded in favour of OVL in SPA arbitration case. By the Award, the Tribunal has granted the full Principal Amount (USD 90.93 million) along with the legal cost in favour of the Company. Further, as per the agreed recovery mechanism, the Group is withholding USD 4 per barrel of crude oil transported from South Sudan to Sudan port though GoS pipeline and the same is considered as recovery for calculation of Expected Credit Loss. Considering the arbitration award in SPA case, legal advice on a strong likelihood of Company receiving arbitration decision in its favour for EPSA case and the existing recovery mechanism by withholding pipeline tariff, the Management is of view that the full amount due from GoS is recoverable. bles from GoS amounting to Z 3,0 5 crore (previous year Z 30 and an impairment loss of Z 87 year Z Accordingly, trade receiva 2 78 crore) have been assessed for lifetime expected credit loss crore (previous 50 crore) has been charged in the statement of profit and loss. The total outstanding provision against these receivables 45 542 crore). stands at Z 6 crore (previous year Z 12.", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 57, "section": "CAP \nonoc", "subsection": "Imperial Energy:", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e4cb85e206d5fdee"}, {"chunk_id": "07ac004524bbd6bb", "content": "crore (previous 50 crore) has been charged in the statement of profit and loss. The total outstanding provision against these receivables 45 542 crore). stands at Z 6 crore (previous year Z 12. In respect of subsidiary ONGC Videsh Limited (OVL), for the year ended 31 March 2025, ONGC Videsh Rovuma Limited (OVRL), a wholly owned subsidiary, incurred a net loss of Z 1,3 crore (31 March 2024: Z 2,5 Z 13 37 91 crore), which includes an impairment loss of crore 95 crore), recognised in accordance with the requirements of Ind AS 36. (31 March 2024: Z 1,6 ONGC Videsh Limited has continued to extend financial support to OVRL, including funding of cash calls, ongoing investments, and operational expenditures related to the Area 1 Mozambique Project. The project remains in the development phase. Given the improving security situation and expected commencement of production in 2028, there is no material uncertainty regarding OVRL's ability to continue as a going concern as at 31 March 2025. Accordingly, the financial statements have been prepared on a going concern basis. 13. In respect of subsidiary OVL, in case of Area 1, Mozambique, in which the OVL Group holds a 16% Participating Interest through its subsidiaries ONGC Videsh Rovuma Ltd (OVRL) and Beas Rovuma Energy Mozambique Ltd (BREML), the project operator declared a force majeure event in April 2021 due to prevailing security threats.", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 57, "section": "CAP \nonoc", "subsection": "Imperial Energy:", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e4cb85e206d5fdee"}, {"chunk_id": "c78facaeed612ff8", "content": "As a result of the declaration of force majeure, the capitalisation of borrowing costs in accordance with Ind AS 23  Borrowing Costs, has been suspended with effect from April 2021. Accordingly, for the year ended 31 March 2025, borrowing cos 1,182 1,177 crore), along with stand- 566 crore (31 34 crore), have been recognised as expense in the Statement of Profit and Loss. is amounting to Z crore (31 March 2024: Z by expenditures of Z March 2024: ZS The cumulative borrowing costs and stand-by expenditures charged to the Statement of Profit and Loss up ,349 2,163 crore , respectively. to 31 March 2025 amount to Z3 crore and Z 14. In respect of subsidiary ONGC Videsh Limited (OVL), other Financial assets include receivables of  ONGC San Cristobal BV from its associate Petrolera Indovenezolana SA (PIVSA) on account of outstanding div 92 crore (as at 31 68 crore). As per the existing contractual arrangements, the realization of these dividends is directly dependent upon realization of underlying trade receivables outstanding in PIVSA financials. Due to ongoing US Sanctions in Venezuela, the underlying trade receivables in PIVSA (associate entity) have been provided in the books of the associate entity by applying lifetime expected credit loss method. The total outstanding idend as at 31 March, 2025 Z 4,5 March 2024: Z 4,4 provision against these receivables stands at Z 1 ,998 crore (USD 233.19 million) till date.", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 59, "section": "CAP \nonoc", "subsection": "For J Gupta & Co. LLP \n For Manubhai & Shah LLP \n For V Sankar Aiyar & Co. \nChartered Accountants \n Chartered Accountants \n Chartered Accountants \nFirm Reg. No. 314010E/E300029  Firm Reg. No: 106041W/W100136  Firm Reg. No.109208W", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "baf575901da724e2"}, {"chunk_id": "3b15e0a4650f7346", "content": "The total outstanding idend as at 31 March, 2025 Z 4,5 March 2024: Z 4,4 provision against these receivables stands at Z 1 ,998 crore (USD 233.19 million) till date. The credit loss assessment is based on management's estimation and involves significant uncertainty on account of geopolitical issues in Venezuela. 15. In respect of subsidiary ONGC Videsh Limited (OVL), the Group's exploration and production activities in Sudan cease to exist with effect from August 31, 2019 owing to early termination of EPSA by the Government of Sudan. However, as per the provisions of Joint Operating Agreement, the parties shall continue to be obliged in proportion to their respective Participating Interest shares for any obligations and liabilities which may have accrued prior to such termination date. As such, OVL continues to carry its share of 25% in assets and liabilities basis the last joint interest billing received from Joint Operator (GNPOC) as the final settlement of accounts between the Company and Operator is outstanding as of March 31, 2025. Accordingly, OVL continues 77 crore (USD 20.7 million). The management believes that the impact of final settlement with Operator and likelihood for any further expenses or liability devolving on the Company, shall not be material. Pending outcome of such reconciliations, no adjustment has been made to accompanying financial statements. to recognize receivables of Z 1 16.", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 59, "section": "CAP \nonoc", "subsection": "For J Gupta & Co. LLP \n For Manubhai & Shah LLP \n For V Sankar Aiyar & Co. \nChartered Accountants \n Chartered Accountants \n Chartered Accountants \nFirm Reg. No. 314010E/E300029  Firm Reg. No: 106041W/W100136  Firm Reg. No.109208W", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "baf575901da724e2"}, {"chunk_id": "3ae4bfc34c47248f", "content": "expenses or liability devolving on the Company, shall not be material. Pending outcome of such reconciliations, no adjustment has been made to accompanying financial statements. to recognize receivables of Z 1 16. In respect of subsidiary ONGC Petro Additions Limited (OPaL), management have assessed operational conditions and indicators and have come to the conclusion that no material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. OPaL has taken various measures to improve profitability which includes revision of capital structure, exit from SEZ area, reduction in input cost, optimization of product mix, loan restructuring 17. Formula used for computation of: a. Net worth (Total equity) = Equity share capital + Other equity + Non-Controlling Interest b. Debt Equity Ratio = Total borrowings / Total equity. c. Interest Service Coverage Ratio = Earnings before interest, tax and exceptional item / Interest on borrowings (net of transfer to expenditure during construction). d. Debt Service Coverage Ratio = Earnings before interest, tax and exceptional item / [Interest on borrowings (net of transfer to expenditure during construction) + Principal repayments of Long Term borrowings]. e. Current Ratio = Current assets  / Current liabilities f. Long term debt to Working capital = Non-current borrowings (including current maturity", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 59, "section": "CAP \nonoc", "subsection": "For J Gupta & Co. LLP \n For Manubhai & Shah LLP \n For V Sankar Aiyar & Co. \nChartered Accountants \n Chartered Accountants \n Chartered Accountants \nFirm Reg. No. 314010E/E300029  Firm Reg. No: 106041W/W100136  Firm Reg. No.109208W", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "baf575901da724e2"}, {"chunk_id": "4da277e4d77cd319", "content": "repayments of Long Term borrowings]. e. Current Ratio = Current assets  / Current liabilities f. Long term debt to Working capital = Non-current borrowings (including current maturity of non-current borrowings) / Working capital (excluding current maturity of non-current borrowings). g. Bad debts to Accounts receivable Ratio = Bad debts / Average trade receivables. h. Current liability Ratio = Current liabilities / Total liabilities. i. Total debts to Total assets = Total borrowings / Total assets. j. Debtors turnover = Revenue from operations / Average trade receivables. k. Inventory turnover = Revenue from operations / Average inventories. l. Operating Margin (%) = Earnings before interest, tax and exceptional items / Revenue from operations. m. Net Profit Margin (%) = Profit for the period / Revenue from operations. 18. The Board of Directors in its meeting held on May 21, 2025 has recommended a final dividend of dividend of 6 per share (120 %) declared on November 11, 2024 and 1.25 per share (25%), which works out to  1,573 crore, over and above the first interim second interim dividend of 5 per share (100 %) declared on January 31, 2025. Previous period's figures have been regrouped by the Company, wherever necessary, to d's grouping. conform to current perio By order of the Board (Vivek C Tongaonkar) Director (Finance) / Whole-time Director In terms of our report of even date attached For J Gupta & Co. LLP For Manubhai & Shah LLP", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 59, "section": "CAP \nonoc", "subsection": "For J Gupta & Co. LLP \n For Manubhai & Shah LLP \n For V Sankar Aiyar & Co. \nChartered Accountants \n Chartered Accountants \n Chartered Accountants \nFirm Reg. No. 314010E/E300029  Firm Reg. No: 106041W/W100136  Firm Reg. No.109208W", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "baf575901da724e2"}, {"chunk_id": "3853402153714f4b", "content": "d's grouping. conform to current perio By order of the Board (Vivek C Tongaonkar) Director (Finance) / Whole-time Director In terms of our report of even date attached For J Gupta & Co. LLP For Manubhai & Shah LLP For V Sankar Aiyar & Co. Chartered Accountants Chartered Accountants Chartered Accountants Firm Reg. No. 314010E/E300029  Firm Reg. No: 106041W/W100136  Firm Reg. No.109208W", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 59, "section": "CAP \nonoc", "subsection": "For J Gupta & Co. LLP \n For Manubhai & Shah LLP \n For V Sankar Aiyar & Co. \nChartered Accountants \n Chartered Accountants \n Chartered Accountants \nFirm Reg. No. 314010E/E300029  Firm Reg. No: 106041W/W100136  Firm Reg. No.109208W", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "baf575901da724e2"}, {"chunk_id": "24aa29b5fddad4d8", "content": "N A N cy Digitally signed by NANCY GUPTA GUPTA D1 9a t4e2: 20 07 2+50. 05S 3. 20 1. Krishnakant Digitally signed by Krishnakant Balkrishna Balkrishna Solanki Date: 2025.05.21 Solanki 19:42:37 +05'30' PATEL AS HA Digitally signed by PATEL ASHA JAYANTIBH JAYANTIBHAI Al Date: 2025.05.21 19:43:02 +0530' (CA Nancy Gupta) (CA K. B. Solanki) (CA Asha Patel) Partner (M. No. 067953) Partner (M. No. 110299) Partner (M. No. 166048) For Laxmi Tripti & Associates For Talati & Talati LLP Chartered Accountants Chartered Accountants Firm Reg. No. 009189C Firm Reg. No. 110758W/W100377 Digitally signed by Rajesh Kumar Gupta Date: 2025.05.21 19:43:20 +0530'", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 59, "section": "N A N cy Digitally signed \nby NANCY GUPTA \nGUPTA \nD1 9a t4e2: 20 07 2+50. 05S 3. 20 1.", "subsection": "Rajesh \nKumar \nGupta", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d14b5a3fa111422f"}, {"chunk_id": "f5ac54e47eafdfcc", "content": "Other Information - Integrated Filing (Financial) for the quarter and year ended March 31, 2025 (In accordance with the SEBI circular no. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024) Sl.no. Particulars Remarks B. Statement on deviation or variation for proceeds of public issue, right issue, preferential issue, qualified institutions placement etc. C. Disclosure of outstanding default on loan and debt securities No default hence Not Applicable D. Format for disclosure of related party transaction (applicable only for half yearly filings i.e. 2nd and 4th quarter) Being filed in XBRL format. E. Statement on impact of audit qualifications (for audit report with modified opinion) submitted along with annual audited financial results - (Standalone and Consolidated separately) (applicable only for annual filing i.e. 4th quarter)", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 60, "section": "qP I\nonoc", "subsection": "E. \nStatement on impact of audit qualifications (for audit report \nwith modified opinion) submitted along with annual audited \nfinancial results - (Standalone and Consolidated separately) \n(applicable only for annual filing i.e. 4th quarter)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b7da182563ed7540"}, {"chunk_id": "3cb4f6e4bdbedefa", "content": "Details of Shri Ajit Singh In terms of SEBI Master Circular dated 11.11.2024, additional Information is provided hereunder:- Sl. No. Particulars Details a. Reason for change viz. appointment, re- appointment, resignation, removal, death or otherwise; b. Date of appointment/ re-appointment/ cessation (as applicable) & term of appointment/re-appointment With effect from 21.05.2025, Shri Ajit Singh, Executive Director is appointed as Chief Internal Audit of the Company at existing terms and conditions as applicable on him being an employee of the Company. c. Brief profile (in case of appointment) Shri Ajit Singh joined ONGC in the year 1990 and has held various responsible positions including In-charge Finance during his career in the Corporate functions at Mumbai as well as in units at other ONGC locations. Professionally, Shri Ajit Singh is an Engineer and MBA in Finance. Presently Shri Ajit Singh is working as Chief Offshore Finance, Mumbai. d. Disclosure of relationships between directors None Regd. Office: Plot No 5A-5B, Nelson Mandela Marg, Vasant Kunj, New Delhi-110070 Phone: 011-2675 4073, 011-2675 4085 EPABX: 2675 0111, 2629000 FAX: 011-26129081 CIN: L74899DL1993GOI054155 Website: www.ongcindia.com Email: secretariat@ongc.co.in ONGC/CS/SE/2025-26 03.04.2025 BSE Limited Corporate Relationship Department Phiroze Jeejeebhoy Towers, Dalal Street, Fort Mumbai-400001 BSE Security Code Equity: 500312 NCDs: 959844, 959881", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 63, "section": "COMPANY SECRETARIAT", "subsection": "(Yogish Nayak S) \nGGM(FA&)-Chief Corporate \nFinance", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "011be20662c179ea"}, {"chunk_id": "40d9dd6bae8ac972", "content": "ONGC/CS/SE/2025-26 03.04.2025 BSE Limited Corporate Relationship Department Phiroze Jeejeebhoy Towers, Dalal Street, Fort Mumbai-400001 BSE Security Code Equity: 500312 NCDs: 959844, 959881 Subject: Disclosure under Regulation 52(7) and 52 (7A) of the SEBI (LODR) Regulations, 2015 for the quarter ended 31.03.2025 In terms of Regulation 52(7) and 52(7A) of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 read with SEBI Circular SEBI/HO/DDHS/DDHS_Div1/P/CIR/2022/0000000103 dated 29.07.2022, it is hereby informed that the Company had issued four series of NCDs aggregating to 24,140 Crore during FY 2020-21 (outstanding amount as on 31.12.2024 was 21,500 Crore) for which funds were fully utilised for the intended purpose during the same year. Statements of \"NIL\" deviation were also filed on 13th November 2020 and 24th June, 2021. Accordingly, Statement of deviation is not being submitted for the Quarter ended 31.03.2025. This is for your information and records, please. Thanking You, Yours Sincerely, For Oil and Natural Gas Corporation Ltd. (Rajni Kant) Company Secretary & Compliance Officer Regd. Office: Plot No 5A-5B, Nelson Mandela Marg, Vasant Kunj, New Delhi-110070 Phone: 011-2675 4073, 011-2675 4085 EPABX : 2675 0111, 2629000 FAX : 011-26129081 CIN: L74899DL1993G01054155 Website: www.onqcindia.corn Email: secretariat@onqc.co.in ONGC/CS/SE/2025-26 03.04.2025 BSE Limited Corporate Relationship Department", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 63, "section": "COMPANY SECRETARIAT", "subsection": "(Yogish Nayak S) \nGGM(FA&)-Chief Corporate \nFinance", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "011be20662c179ea"}, {"chunk_id": "8b3f46ebe92083aa", "content": "CIN: L74899DL1993G01054155 Website: www.onqcindia.corn Email: secretariat@onqc.co.in ONGC/CS/SE/2025-26 03.04.2025 BSE Limited Corporate Relationship Department Phiroze Jeejeebhoy Towers, Dalal Street, Fort Mumbai- 400001 BSE Security Code Equity: 500312 NCDs: 959844, 959881 Subject: Security Cover under Regulation 54 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 for the Quarter ended 31.03.2025. In terms of Regulation 54(2) and 54(3) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, it is informed that there was no outstanding Secured Debentures as on 31.03.2025. Accordingly, Security Cover Certificate is not required. This is for your information and record, please. Thanking You, Yours Sincerely, For Oil and Natural Gas Corporation Ltd. Rajni Digitally signed by Rajni Kant Date:2025.04.03 Kant 1104:24 +05'30' (Rajni Kant) Company Secretary & Compliance Officer Regd. Office: Plot No 5A-5B, Nelson Mandela Marg, Vasant Kunj, New Delhi-110070 Phone: 011-2675 4073, 011-2675 4085 EPABX : 2675 0111, 2629000 FAX : 011-26129081 CIN: L74899DL1993G01054155 Website: www.onqcindia.corn Email: secretariat@onqc.co.in", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 63, "section": "COMPANY SECRETARIAT", "subsection": "(Yogish Nayak S) \nGGM(FA&)-Chief Corporate \nFinance", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "011be20662c179ea"}, {"chunk_id": "344164e909cea04e", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: COMPANY SECRETARIAT > Shri Ajit Singh, has been appointed as Chief Internal Audit of the Company with immediate effect in place \nof Shri Aniruddha Banerjee. | Page: 1\n\n|  | ONGC/CS/SE/2025-26 |  |  |  |  | 21 | .05.2025 |\n|---|---|---|---|---|---|---|---|\n|  | National Stock Exchang | e of India Ltd. |  | BSE Limited |  |  |  |\n|  | Listing Department |  |  | Corporate Rel | ationship D | epartment |  |\n|  | Exchange Plaza |  |  | Phiroze Jeejee | bhoy Towe | rs |  |\n|  | Bandra-Kurla Complex |  |  | Dalal Street, F | ort |  |  |\n|  | Bandra (E) |  |  | Mumbai – 400 | 001 |  |  |\n|  | Mumbai – 400 051 |  |  | BSE Security | Code No.- 5 | 00312 |  |\n|  | Symbol - ONGC; Series – | EQ |  | NCD : 959881 |  |  |  |\n|  |  | Sub: | Outcome of Bo | ard Meeting |  |  |  |\n|  | Madam/ Sir, |  |  |  |  |  |  |\n|  | It is informed that, the Boa | rd of Directors | of the Company | at its meeting | held today | i.e. 21.05.2 | 025, has |\n|  | inter-alia considered and a | pproved the fol | lowing business | items:- |  |  |  |\n| 1. | Integrated Financial Res | ults (Standalo | ne and Consol | idated) for th | e Financia | l ended 31st | March, |\n|  | 2025 |  |  |  |  |  |  |\n|  | The Board of Directors ha | s approved the | Audited Financia | l Results (Stan | dalone and | Consolidate | d) along |\n|  | with Audit Report(s) of the | Auditors thereo | n for the Financi | al Year ended | 31st March | 2025. |  |\n|  | Pursuant to Regulation 33 | & 52 of SEBI | Listing Regulat | ions, 2015, Fin | ancial Res | ults (Standal | one and |\n|  | Consolidated) along with A | udit Report(s) | of the Auditors t | hereon for the | Financial Y | ear ended 31 | st March |\n|  | 2025 are enclosed as “An | nexure-A”. |  |  |  |  |  |\n| 2. | Recommendation of Fina | l Dividend for | the Financial Y | ear 2024-25 |  |  |  |\n|  | The Board of Directors has | recommended | final dividend at | the rate of ₹1.2 | 5/- per equ | ity share of fa | ce value |\n|  | of ₹5/- each i.e. @25% f | or the Financia | l Year 2024-25 | subject to the | approval o | f shareholde | rs in the |\n|  | ensuing Annual General M | eeting. |  |  |  |  |  |\n| 3. | Guarantee Support to ON | GC Petro add | ition Limited fo | r raising Debt | s upto ₹20 | ,000 crore |  |\n|  | The Board of Directors has | accorded its ap | proval for exten | ding Corporate | Guarantee | support upto | ₹20,000 |\n|  | crore to lenders i.e. prosp | ective banks / | investors of bon | ds/ non-conve | rtible deben | tures/ term l | oans/ or |\n|  | such debt instruments, as | may be propose | d to be raised, i | n one or more t | ranches by | ONGC Petro | addition |\n|  | Limited (OPaL), a subsidia | ry of the Comp | any, including fo | r refinancing of | debts. |  |  |\n| 4. | Appointment of Shri Ajit | Singh as Chie | f Internal Audit | of the Compa | ny |  |  |\n|  | Shri Ajit Singh, has been | appointed as C | hief Internal Aud | it of the Comp | any with im | mediate effec | t in plac |\n|  | of Shri Aniruddha Banerjee | . |  |  |  |  |  |\n|  | Regd. Office: Plot | No 5A-5B, N | elson Mandela | Marg, Vasan | t Kunj, Ne | w Delhi-110 | 070 |\n|  | Phone: 011-2675 | 4073, 011-2675 | 4085 EPABX: | 2675 0111, 262 | 9000 FAX: | 011-261290 | 81 |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 1, "section": "COMPANY SECRETARIAT", "subsection": "Shri Ajit Singh, has been appointed as Chief Internal Audit of the Company with immediate effect in place \nof Shri Aniruddha Banerjee.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "02a113e0012f5271", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: COMPANY SECRETARIAT > Rajni Kant | Page: 2\n\n| OIL | AND N | ATU | R | AL GAS | CORPORATION LIM | I |\n|---|---|---|---|---|---|---|\n|  |  | C | O | MPANY S | ECRETARIAT |  |\n| A brief profile of Shri S | ingh and ot | her details | as | per SEBI Mast | er circular dated 11.11.2024 is attache | d |\n| “Annexure-B”. |  |  |  |  |  |  |\n| Disclosure under Reg | ulation 52( | 7) & (2A) a | n | d Regulation 54 | (3) of SEBI Listing Regulations, 201 | 5 |\n| The Company had ₹15 | ,000 million | unsecured | N | on-Convertible D | ebentures (NCDs) as on 31.03.2025, | out |\n| of which ₹5,000 million | unsecured | NCD [ISIN | s I | NE213A08016] | has been redeemed on 11.04.2025. |  |\n| Security Cover certific | ates are not | applicable | u | nder Regulation | 54 of SEBI Listing Regulations, 2015, | as |\n| these are Unsecured N | CDs. |  |  |  |  |  |\n| Disclosures submitted | to the Stock | Exchange | w | .r.t utilization of | proceeds of NCDs and not applicabilit | y of |\n| security cover are encl | osed as “An | nexure-C”. |  |  |  |  |\n| The Meeting of Board | of Directors | commence | d | at 16:15 hrs and | concluded at 21: 05 hrs. |  |\n| This is for your informa | tion and rec | ord please. |  |  |  |  |\n| Thanking You, |  |  |  |  |  |  |\n| Yours Sincerely, |  |  |  |  |  |  |\n| for Oil and Natural Ga | s Corporat | ion Ltd. |  |  |  |  |\n| (Rajni Kant) |  |  |  |  |  |  |\n| Company Secretary & | Compliance | Officer |  |  |  |  |\n| Regd. Office: P | lot No 5A- | 5B, Nelso | n | Mandela Marg | , Vasant Kunj, New Delhi-110070 |  |\n| Phone: 011-26 | 75 4073, 01 | 1-2675 40 | 85 | EPABX: 2675 0 | 111, 2629000 FAX: 011-26129081 |  |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 2, "section": "COMPANY SECRETARIAT", "subsection": "Rajni Kant", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "07c9e18c744e0277", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: COMPANY SECRETARIAT > Rajni Kant | Page: 3\n\n| J Gupta & | Co LLP |  | Manubhai & | Shah | LLP V S | ankar Aiyar & C |\n|---|---|---|---|---|---|---|\n| Chartered | Accountants |  | Chartered Acco | untant | s Char | tered Accountants |\n| YMCA Buil | ding |  | G-4, Capstone, |  | A-60 | 1, Mangalya Buildi |\n| 25, Jawah | arlal Nehru Road | , | Sheth Mangalda | s Roa | d, Off. | Marol Maroshi Roa |\n| Kolkata — 7 | 00 087 |  | Ellisbridge, |  | And | heri (E), |\n|  |  |  | Ahmedabad — 3 | 80 006 | Mum | bai — 400 059 |\n| Laxmi Tr | ipti & Associ | ates | Talati & Tala | ti LLP |  |  |\n| Chartered | Accountants |  | Chartered Acco | untant | s |  |\n| SL-2, Door | No's 146-149, |  | A-393, Baseme | nt, |  |  |\n| Old No. 15 | , Alsa Mall, |  | Defence Colony | , |  |  |\n| Monteith | Road, Egmore, |  | New Delhi — 11 | 0 024 |  |  |\n| Chennai — | 600 008 |  |  |  |  |  |\n| ndepend | ent Auditors | ' Report o | n Standalon | e Au | dited Quarterly and | Year to Date |\n| Financial | Results of | Oil and N | atural Gas | Corp | oration Limited pu | rsuant to the |\n| equirem | ents of Regul | ations 33 a | nd 52 of the | SEBI | (Listing Obligations | and Disclosure |\n| Requirem | ents) Regula | tions, 2015 | , as amende | d. |  |  |\n| To, |  |  |  |  |  |  |\n| The Board | of Directors | of |  |  |  |  |\n| Oil and N | atural Gas Co | rporation | Limited |  |  |  |\n| Report on | the Audit of | the Stand | alone Financ | ial R | esults |  |\n| Opinion |  |  |  |  |  |  |\n| We have | audited the a | ccompanyi | ng Statement | cont | aining Standalone Fi | nancial Results |\n| or the q | uarter and ye | ar ended | March 31, 20 | 25 o | f Oil and Natural G | as Corporation |\n| Limited | (\"the Compa | ny\") bein | g submitted | by | the Company pur | suant to the |\n| equireme | nts of Regul | ations 33 a | nd 52 of the | SEBI | (Listing Obligations | and Disclosure |\n| Requirem | ents) Regulat | ions, 2015 | , as amended | (the | \"Listing Regulation | s\"). |\n| n our op | inion and to | the best o | f our informa | tion | and according to th | e explanations |\n| given to u | s, the afores | aid statem | ent: |  |  |  |\n| a. is pr | esented in ac | cordance | with the requi | reme | nts of Regulations 3 | 3 and 52 of the |\n| Listi | ng Regulation | s in this re | gard; and |  |  |  |\n| b. gives | a true and | fair view i | n conformity | with | the recognition and | measurement |\n| princ | iples laid do | wn in the | Indian Acco | untin | g Standards and ot | her accounting |\n| princ | iples genera | lly accepte | d in India of t | he n | et profit, and other | comprehensive |\n| inco | me and other | financial i | nformation o | f the | Company for the q | uarter and year |\n| ende | d March 31, | 2025. |  |  |  |  |\n| ndepend | ent Auditors' | Report on | Standalone F | inanc | ial Results for the q | uarter and year |\n| ended Ma | rch 31, 2025 | of Oil and | Natural Gas | Corpo | ration Limited Pa | ge 1 of 6 |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "COMPANY SECRETARIAT", "subsection": "Rajni Kant", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "be9f71d238a95ff6", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: COMPANY SECRETARIAT > Rajni Kant | Page: 4\n\n| J Gupt | a & Co LLP |  | Manubha | i & Shah LLP |  | V Sankar | Aiyar & Co. |\n|---|---|---|---|---|---|---|---|\n| Charte | red Accountants |  | Chartered | Accountants |  | Chartered | Accountants |\n| Laxmi | Tripti & Associ | ates | Talati & T | alati LLP |  |  |  |\n| Charte | red Accountants |  | Chartered | Accountants |  |  |  |\n| Basis f | or Opinion |  |  |  |  |  |  |\n| We co | nducted our au | dit i | n accordance wit | h the Stan | dards on A | uditing (\" | SAs\") specified |\n| under | Section 143(1 | 0) o | f the Companies | Act, 2013 | (\"the Ac | t\"). Our | responsibilities |\n| under | those Standar | ds ar | e further descri | bed in the | Auditor's | Respons | ibilities section |\n| below. | We are inde | pend | ent of the Com | pany in ac | cordance | with the | Code of Ethics |\n| issued | by the Institut | e of | Chartered Acco | untants of I | ndia (\"the | ICAI\") to | gether with the |\n| ethical | requirements | that | are relevant to | our audit | of the Stan | dalone F | inancial Results |\n| under | the provisions | of t | he Act and the | Rules ther | eunder, a | nd we ha | ve fulfilled our |\n| other | ethical respon | sibili | ties in accordan | ce with th | ese requir | ements a | nd the Code of |\n| Ethics. | We believe th | at th | e audit evidenc | e obtained | by us is s | ufficient a | nd appropriate |\n| to pro | vide a basis fo | r our | opinion. |  |  |  |  |\n| Empha | sis of Matter |  |  |  |  |  |  |\n| We dra | w attention t | o the | following matt | ers in the | Notes to t | he Stand | alone Financial |\n| Result | s:- |  |  |  |  |  |  |\n| i. | Note No. 5, i | n re | spect of pendin | g finality | of Arbitra | tion Trib | unal Award on |\n|  | various issues | rela | ted to Producti | on Sharing | Contract | with res | pect to Panna- |\n|  | Mukta and Mid | and | South Tapti con | tract areas | (PMT JV), | demand | of USD 1,624.05 |\n|  | million equiva | lent | to Rs. 13,915 C | rore as on | March 31 | , 2025 (R | s. 13,538 Crore |\n|  | up to March | 31, | 2024) on the | Company, | to the e | xtent of | the Company's |\n|  | participating i | nter | est in the PMT J | V, by Direc | torate Ge | neral of | Hydrocarbons is |\n|  | considered as | cont | ingent liability f | or the reas | on stated | in the sa | id note. |\n| ii. | Note no. 6, in | res | pect of Service | Tax / GST l | evied on | royalty o | n crude oil and |\n|  | natural gas, th | ough | demands raise | d by the Ta | x Authorit | ies on su | ch Service Tax / |\n|  | GST have been | dis | puted, the Comp | any has ac | counted fo | r the sam | e as liability in |\n|  | the books. Fu | rther | , disputed dem | and due to | penalty a | nd other | differences on |\n|  | such taxes of | Rs. 1 | ,960 Crore (Rs. | 1,872 Cror | e up to M | arch 31, | 2024) and with |\n|  | respect to Jo | int V | enture blocks, | share of s | uch taxes | togethe | r with interest |\n|  | thereon of Rs. | 3,29 | 0 Crore (Rs. 5,2 | 96 Crore up | to March | 31, 2024 | ) for other joint |\n|  | venture partn | ers n | ot paid by them | till March | 31, 2025 | have bee | n considered as |\n|  | contingent lia | biliti | es for the reaso | ns stated i | n the said | note. |  |\n| iii. | Note no. 8, in | resp | ect of refund of | Rs. 2,088 | Crore (Rs. | 2,088 Cro | re up to March |\n|  | 31, 2024) of T | ermi | nal Excise Duty | receivable | from Dir | ector Gen | eral of Foreign |\n|  | Trade, Govern | men | t of India consi | dered goo | d and rec | overable | for the reason |\n|  | stated in the s | aid | note. |  |  |  |  |\n| Our op | inion on the S | tand | alone Financial R | esults is n | ot modifie | d in respe | ct of the above |\n| matter | s. |  |  |  |  |  |  |\n| Indepe | ndent Auditor | s' Re | port on Standal | one Financi | al Results | for the q | uarter and year |\n| ended | on March 31, | 2025 | of Oil and Natu | ral Gas Co | rporation | Limited | Page 2 of 6 |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "COMPANY SECRETARIAT", "subsection": "Rajni Kant", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "eb5e7298c9e70a8f", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: COMPANY SECRETARIAT > Rajni Kant | Page: 5\n\n| J Gupta & Co LLP |  |  | Manubhai | & Sha | h LLP V | Sankar Aiya | r & Co. |\n|---|---|---|---|---|---|---|---|\n| Chartered Accoun | tants |  | Chartered A | ccoun | tants C | hartered Acc | ountants |\n| Laxmi Tripti & A | ssociates |  | Talati & Ta | lati LL | P |  |  |\n| Chartered Accoun | tants |  | Chartered A | ccoun | tants |  |  |\n| Responsibilities | of Ma | nagem | ent and T | hose | Charged With | Governan | ce for the |\n| Standalone Fina | ncial Re | sults |  |  |  |  |  |\n| This Standalone | Financi | al Res | ults have b | een | prepared on th | e basis of | Standalone |\n| Financial Statem | ents for | the y | ear ended | Mar | ch 31, 2025. Th | e Company | 's Board of |\n| Directors are re | sponsibl | e for | the prepar | ation | and presentat | ion of the | Standalone |\n| Financial Result | s that | give a | true and | fair | view of the | net profit | and other |\n| comprehensive | income | and o | ther finan | cial | information in | accordanc | e with the |\n| ecognition and | measur | ement | principles | laid | down in Indian | Accountin | g Standards |\n| prescribed unde | r Section | 133 o | f the Act, | read | with relevant r | ules issued | thereunder |\n| and other acco | unting pr | inciple | s generally | acc | epted in India a | nd in comp | liance with |\n| Regulation 33 a | nd 52 of | the List | ing Regula | tions | . |  |  |\n| This responsibi | lity also | includ | es mainte | nance | of adequate | accounting | records in |\n| accordance with | the pro | visions | of the Act | for s | afeguarding the | assets of th | e Company |\n| and for preven | ting and | detec | ting fraud | s an | d other irregu | larities; se | lection and |\n| application of a | ppropria | te acco | unting pol | icies; | making judgme | nts and est | imates that |\n| are reasonable | and pru | dent; a | nd the de | sign, | implementatio | n and main | tenance of |\n| adequate intern | al financ | ial con | trols that | were | operating effec | tively for e | nsuring the |\n| accuracy and co | mpletene | ss of t | he account | ing re | cords, relevant | to the prep | aration and |\n| presentation of | the Stan | dalone | Financial | Resul | ts that give a tr | ue and fair | view and is |\n| ree from mater | ial misst | atemen | t, whether | due | to fraud or erro | r. |  |\n| n preparing the | Standal | one Fin | ancial Res | ults, | the Board of Dir | ectors are | responsible |\n| or assessing th | e Comp | any's a | bility to c | ontin | ue as a going | concern, di | sclosing, as |\n| applicable, matt | ers rela | ted to | going con | cern | and using the | going conce | rn basis of |\n| accounting unles | s the Bo | ard of | Directors e | ither | intends to liquid | ate the Co | mpany or to |\n| cease operation | s, or has | no rea | listic altern | ative | but to do so. |  |  |\n| The Board of D | irectors | are als | o respons | ible f | or overseeing t | he financia | l reporting |\n| process of the C | ompany. |  |  |  |  |  |  |\n| Auditor's Respo | nsibilitie | s for t | he Audit o | f the | Standalone Fina | ncial Resul | ts |\n| Our objectives | are to o | btain r | easonable | assu | rance about w | hether the | Standalone |\n| Financial Results | as a wh | ole are | free from | mater | ial misstatemen | t, whether | due to fraud |\n| or error, and t | o issue | an aud | itor's rep | ort t | hat includes ou | r opinion. | Reasonable |\n| assurance is a h | igh level | of ass | urance but | is no | t a guarantee th | at an audi | t conducted |\n| n accordance w | ith SAs | will al | ways dete | ct a | material misstat | ement whe | n it exists. |\n| Misstatements c | an arise | from fr | aud or erro | r and | are considered | material if, | individually |\n| or in the aggre | gate, the | y coul | d reasona | bly b | e expected to in | fluence th | e economic |\n| decisions of use | rs taken | on the | basis of th | is Sta | ndalone Financi | al Results. |  |\n| ndependent Au | ditors' R | eport o | n Standalo | ne Fi | nancial Results f | or the quart | er and year |\n| ended on March | 31, 2025 | of Oil | and Natur | al Ga | s Corporation Li | mited | Page 3 of 6 |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "COMPANY SECRETARIAT", "subsection": "Rajni Kant", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "7282b48194b65a65", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: COMPANY SECRETARIAT > Rajni Kant | Page: 6\n\n| J Gu | pta & Co LLP | Manubhai & | Shah LLP | V Sankar Aiya | r & Co. |\n|---|---|---|---|---|---|\n| Char | tered Accountants | Chartered Ac | countants | Chartered Acco | untants |\n| Laxm | i Tripti & Associates | Talati & Tal | ati LLP |  |  |\n| Char | tered Accountants | Chartered Ac | countants |  |  |\n| As p | art of an audit in accor | dance with SA | s, we exercise | professional jud | gment and |\n| main | tain professional skeptic | ism througho | ut the audit. We | also: |  |\n|  | Identify and assess the | risks of mater | ial misstatemen | t of the Annual | Standalone |\n|  | Financial Results, whe | ther due to f | raud or error, | design and per | form audit |\n|  | procedures responsive t | o those risks, | and obtain audi | t evidence that i | s sufficient |\n|  | and appropriate to pro | vide a basis fo | r our opinion. | The risk of not | detecting a |\n|  | material misstatement | resulting from | fraud is higher | than for one res | ulting from |\n|  | error, as fraud may | involve co | llusion, forger | y, intentional | omissions, |\n|  | misrepresentations, or | the override o | f internal contro | l. |  |\n|  | Obtain an understandi | ng of internal | control relevan | t to the audit i | n order to |\n|  | design audit procedure | s that are app | ropriate in the | circumstances, | but not for |\n|  | the purpose of expres | sing an opinio | n on the effect | iveness of the | company's |\n|  | internal control. |  |  |  |  |\n|  | Evaluate the appropriat | eness of acco | unting policies u | sed and reason | ableness of |\n|  | accounting estimates a | nd related disc | losures made by | the Board of Di | rectors. |\n|  | Conclude on the approp | riateness of B | oard of Director | s' use of the goi | ng concern |\n|  | basis of accounting a | nd, based on | the audit evid | ence obtained, | whether a |\n|  | material uncertainty e | xists related | to events or | conditions that | may cast |\n|  | significant doubt on the | Company's a | bility to continu | e as a going con | cern. If we |\n|  | conclude that a materia | l uncertainty e | xists, we are re | quired to draw a | ttention in |\n|  | our auditor's report to t | he related dis | closures in the A | nnual Standalon | e Financial |\n|  | Results or, if such di | sclosures are | inadequate, to | modify our op | inion. Our |\n|  | conclusions are based | on the audit | evidence obtain | ed up to the d | ate of our |\n|  | auditor's report. Howe | ver, future eve | nts or condition | s may cause th | e Company |\n|  | to cease to continue as | a going conce | rn. |  |  |\n|  | Evaluate the overall | presentation, | structure and | content of t | he Annual |\n|  | Standalone Financial R | esults, includin | g the disclosure | s, and whether | the Annual |\n|  | Standalone Financial Re | sults represen | t the underlying | transactions an | d events in |\n|  | a manner that achieves | fair presentat | ion. |  |  |\n| We c | ommunicate with those | charged with g | overnance regar | ding, among oth | er matters, |\n| he p | lanned scope and timin | g of the audit a | nd significant a | udit findings, in | cluding any |\n| signif | icant deficiencies in int | ernal control t | hat we identify | during our audit | . |\n| We a | lso provide those cha | rged with gov | ernance with a | statement tha | t we have |\n| comp | lied with relevant e | thical require | ments regardin | g independenc | e, and to |\n| comm | unicate with them all | relationships | and other matte | rs that may rea | sonably be |\n| houg | ht to bear on our indep | endence, and | where applicabl | e, related safeg | uards. |\n| ndep | endent Auditors' Repor | t on Standalon | e Financial Resu | lts for the quart | er and year |\n| ende | d on March 31, 2025 of | Oil and Natura | l Gas Corporatio | n Limited | Page 4 of 6 |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "COMPANY SECRETARIAT", "subsection": "Rajni Kant", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "2701cdd0e6df51fb", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: COMPANY SECRETARIAT > Rajni Kant | Page: 7\n\n|  | J Gu | pta & Co LLP |  | Manubhai | & Shah LLP | V Sankar A | iyar & Co. |\n|---|---|---|---|---|---|---|---|\n|  | Cha | rtered Accountants |  | Chartered A | ccountants | Chartered A | ccountants |\n|  | Lax | mi Tripti & Associ | ates | Talati & Ta | lati LLP |  |  |\n|  | Cha | rtered Accountants |  | Chartered A | ccountants |  |  |\n| O | the | r Matters |  |  |  |  |  |\n| i. |  | We have placed | reliance on | technical | / commercial evalua | tion by the | management |\n|  |  | in respect of cat | egorization | by the Co | mpany of wells as ex | ploratory, | development, |\n|  |  | producing and d | ry wells, all | ocation o | f costs incurred on t | hem, prove | d (developed |\n|  |  | and undevelope | d) / probab | le hydroc | arbon reserves and | depletion t | hereof on Oil |\n|  |  | and Gas Assets, | impairmen | t, liability | for decommissionin | g costs, lia | bility for New |\n|  |  | Exploration Lic | ensing Polic | y (\"NELP\" | ) / Hydrocarbon E | xploration | and Licensing |\n|  |  | Policy (\"HELP\") | and nomin | ated bloc | ks for under perfo | rmance a | gainst agreed |\n|  |  | Minimum Work | Programme | . |  |  |  |\n| ii. |  | The Statement | includes t | he Comp | any's proportionat | e share in | assets and |\n|  |  | liabilities, and | proportiona | te share in | the total value of | expenditur | e and income |\n|  |  | of 201 blocks un | der NELP / | HELP / Dis | covered Small Fields | (\"DSF\") / | Open Acreage |\n|  |  | Licensing Policy | (\"OALP\") an | d Joint Op | erations (\"JO\") acc | ounts for ex | ploration and |\n|  |  | production, out | of which 2 | 7 blocks h | ave not been audit | ed by us, | the details of |\n|  |  | which are as un | der: |  |  |  |  |\n|  | • | 9 blocks h | ave been a | udited by | other Chartered Ac | countants. | In respect of |\n|  |  | these bloc | ks, the Sta | ndalone Fi | nancial Results incl | ude propor | tionate share |\n|  |  | in assets a | s on March | 31, 2025 a | mounting to Rs. 6,0 | 47.87 Crore | and revenue |\n|  |  | and profit/ | (loss) inclu | ding othe | r comprehensive inc | ome for th | e year ended |\n|  |  | March 31, | 2025 amo | unting to | Rs. 5,848.37 Crore | and Rs. 1, | 327.08 Crore |\n|  |  | respective | ly. Our opin | ion is bas | ed solely on the au | dit reports | of the other |\n|  |  | Chartered | Accountant | s. |  |  |  |\n|  | • | 18 blocks h | ave been c | ertified by | management. In res | pect of the | se blocks, the |\n|  |  | Standalone | Financial | Results in | clude proportionat | e share in | assets as on |\n|  |  | March 31, | 2025 amou | nting to Rs | . 873.42 Crore and r | evenue an | d profit/(loss) |\n|  |  | including | other comp | rehensive | income for the yea | r ended M | arch 31, 2025 |\n|  |  | amounting | to Rs. 4.84 | Crore and | Rs. (82.86) Crore r | espectively | . Our opinion |\n|  |  | is based so | lely on suc | h manage | ment certified accou | nts. |  |\n| iii. |  | The Standalone | Financial R | esults inclu | des the results for t | he quarter | ended March |\n|  |  | 31, 2025 as repo | rted in thes | e Standalo | ne Financial Results | are the ba | lancing figure |\n|  |  | between audite | d figures in | respect | of the full financial | year and | the published |\n|  |  | year to date fig | ures up to | the third | quarter of the curr | ent financi | al year which |\n|  |  | were subject to | limited revi | ew by us, | as required under t | he Listing | Regulations. |\n| I | nde | pendent Auditor | s' Report o | n Standalo | ne Financial Results | for the qu | arter and year |\n| e | nde | d on March 31, | 2025 of Oil | and Natur | al Gas Corporation | Limited | Page 5 of 6 |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "COMPANY SECRETARIAT", "subsection": "Rajni Kant", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "43bccbda839300f5", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: (CA Nancy Gupta) \n(CA K. B. Solanki) \n(CA Asha Patel) \nPartner \nPartner \nPartner \nM. No. 067953 \nM. No. 110299 \nM. No. 166048 \nUDIN: 25067953BMOZNE8458 \nUDIN: 25110299BMJOVF3565 \nUDIN: 25166048BMKNOJ5054 \nLaxmi Tripti & Associates \nTalati & Talati LLP \nChartered Accountants \nChartered Accountants \nFirm Reg. No. 009189C \nFirm Reg. No. \n110758W/W100377 \nRajesh \nDigitally signed by \nRajesh Kumar \nDigitally signed by \nKumar \nGupta \nAmit \nAmit Shah \nDate: 2025.05.21 \nGupta \n19:47:33 +0530' \nShah \nDate: 2025.05.21 \n19:47:52 +0530' | Page: 8\n\n|  | J Gupta & Co LLP |  | Manubhai & Shah LLP | V Sankar Aiyar & | Co. |\n|---|---|---|---|---|---|\n|  | Chartered Account | ants | Chartered Accountants | Chartered Accoun | tants |\n|  | Laxmi Tripti & As | sociates | Talati & Talati LLP |  |  |\n|  | Chartered Account | ants | Chartered Accountants |  |  |\n|  | Our opinion | on the Stan | dalone Financial Results for the | year ended M | arch 31, |\n|  | 2025 is not | modified in re | spect of the above matters. |  |  |\n| J G | upta & Co LLP |  | Manubhai & Shah LLP | V Sankar Aiyar | & Co. |\n| Ch | artered Accoun | tants | Chartered Accountants | Chartered Acco | untants |\n| Fir | m Reg. No. |  | Firm Reg. No. | Firm Reg. No. 1 | 09208W |\n| 31 N | 4010E/E300029 ANO( Digit by N | ally signed ANCY GUPTA | 106041W/W100136 Krishnakant Digitally signed by Krishnakant Balkrishna Balkrishna Solanki | PATEL ASHA JAYANTIBH | Digitally sign by PATEL ASH JAYANTIBHAI |\n| G (C | U P TA D19a4te6 A Nancy Gupta) | ::23 0 52 +50. 0 55,3.2 01, | Date: 2025.05.21 Solanki 19:46:55 +0530' (CA K. B. Solanki) | Al (CA Asha Patel) | Date: 2025.05 19:47:16 +05 |\n| Pa | rtner |  | Partner | Partner |  |\n| M. | No. 067953 |  | M. No. 110299 | M. No. 166048 |  |\n| UD | IN: 25067953BM | OZNE8458 | UDIN: 25110299BMJOVF3565 | UDIN: 2516604 | 8BMKNOJ |\n| La | xmi Tripti & Ass | ociates | Talati & Talati LLP |  |  |\n| Ch | artered Accoun | tants | Chartered Accountants |  |  |\n| Fir R K | m Reg. No. 009 ajesh Digitall Rajesh umar Gupta | 189C y signed by Kumar | Firm Reg. No. 110758W/W100377 Amit Digitally signed by |  |  |\n| G (C | Date: 2 upta 19:47:3 A Rajesh Kumar | 025.05.21 3 +0530' Gupta) | Amit Shah Shah Date: 2025.05.21 19:47:52 +0530' (CA Amit Shah) |  |  |\n| Pa | rtner |  | Partner |  |  |\n| M. | No. 077204 |  | M. No. 122131 |  |  |\n| UD | IN: 25077204BM | LMFE3220 | UDIN: 25122131BMOZNL1538 |  |  |\n| P | lace: New Delhi |  |  |  |  |\n| D | ate: May 21, 2025 |  |  |  |  |\n| I | ndependent Au | ditors' Report | on Standalone Financial Results | for the quarter | and year |\n| e | nded on March | 31, 2025 of O | il and Natural Gas Corporation L | imited Pa | ge 6 of 6 |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "(CA Nancy Gupta) \n(CA K. B. Solanki) \n(CA Asha Patel) \nPartner \nPartner \nPartner \nM. No. 067953 \nM. No. 110299 \nM. No. 166048 \nUDIN: 25067953BMOZNE8458 \nUDIN: 25110299BMJOVF3565 \nUDIN: 25166048BMKNOJ5054 \nLaxmi Tripti & Associates \nTalati & Talati LLP \nChartered Accountants \nChartered Accountants \nFirm Reg. No. 009189C \nFirm Reg. No. \n110758W/W100377 \nRajesh \nDigitally signed by \nRajesh Kumar \nDigitally signed by \nKumar \nGupta \nAmit \nAmit Shah \nDate: 2025.05.21 \nGupta \n19:47:33 +0530' \nShah \nDate: 2025.05.21 \n19:47:52 +0530'", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d2a63a7ecaf3ae97", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: (CA Nancy Gupta) \n(CA K. B. Solanki) \n(CA Asha Patel) \nPartner \nPartner \nPartner \nM. No. 067953 \nM. No. 110299 \nM. No. 166048 \nUDIN: 25067953BMOZNE8458 \nUDIN: 25110299BMJOVF3565 \nUDIN: 25166048BMKNOJ5054 \nLaxmi Tripti & Associates \nTalati & Talati LLP \nChartered Accountants \nChartered Accountants \nFirm Reg. No. 009189C \nFirm Reg. No. \n110758W/W100377 \nRajesh \nDigitally signed by \nRajesh Kumar \nDigitally signed by \nKumar \nGupta \nAmit \nAmit Shah \nDate: 2025.05.21 \nGupta \n19:47:33 +0530' \nShah \nDate: 2025.05.21 \n19:47:52 +0530' | Page: 9\n\n|  |  | Reg STATEMENT OF | d.Office : Plot AUDITED S | No. 5A- 5B, Nelson Man Tel: 011-26754002, Fax: TANDALONE FINANCIA | dela Road, Vas 011-26129091, L RESULTS FO | ant Kunj, New Del E-mail: secretaria R THE QUARTER | hi, South West Delh t©ongc.co.in AND YEAR ENDE Financ | i - 110070 D 31ST MARCH, (f in Cr ial results for | 2025 ore unless other | wise stated |\n|---|---|---|---|---|---|---|---|---|---|---|\n| SI. No. I | Particulars Revenue from o Other income | perations |  |  | Qua 31 | rter ended Qua .03.2025 31 Audited U 34,982.23 2,074.69 | rter ended Qua .12.2024 31 naudited A 33,716.80 1,722.23 | rter ended Y .03.2024 31 udited 34,636.69 3,664.96 | ear ended Ye .03.2025 31 Audited A 137,846.29 10,479.44 | ar ended .03.2024 udited 138,402.13 10,735.52 |\n| II III IV | Total income (1 EXPENSES Cost of material Purchase of sto Changes in inve Employee benef Statutory levies | +11) s consumed* ck-in-trade ntories of finished its expense** | / semi finishe | d goods and work in prog | ress | 37,056.92 1,119.47 - 54.96 578.32 6,736.87 | 35,439.03 874.32 148.13 (82.76) 658.65 6,629.64 | 38,301.65 946.92 - (900.34) 684.65 9,037.55 | 148,325.73 3,606.19 148.13 616.82 2,714.31 30,967.97 | 149,137.65 3,799.66 (772.00 2,784.62 36,797.47 |\n| V | Exploration cost a. Survey C b. Explorat Finance costs Depreciation, de Other expenses Total expenses Profit before ex | s written off osts ory well Costs pletion, amortisat (IV) ceptional items | ion and impa and tax (1114 | irment V) |  | 873.46 4,173.04 1,190.09 6,078.53 7,484.75 28,289.49 8,767.43 | 458.04 1,467.05 1,074.95 6,778.76 6,431.99 24,438.77 11,000.26 | 721.88 793.97 1,034.85 5,675.47 7,446.32 25,441.27 12,860.38 | 2,345.76 7,479.96 4,603.97 24,352.44 24,730.37 101,565.92 46,759.81 | 1,879.08 3,689.65 4,061.31 20,495.71 23,365.94 96,121.44 53,016.21 |\n| VI | Exceptional item | s |  |  |  | - | - | - | - | 53,016.21 |\n| VII VIII | Profit before ta Tax expense: (a) Current tax - current ye | x (V+Vl) relating to: ar |  |  |  | 8,767.43 3,204.68 | 11,000.26 3,220.88 | 12,860.38 2,599.66 | 46,759.81 12,235.83 | 12,062.66 |\n|  | - earlier yea (b) Deferred ta Total tax expen | rs x se (VIII) |  |  |  | 1.20 (886.73) 2,319.15 6,448.28 | (14.72) (445.82) 2,760.34 8,239.92 | - 391.35 2,991.01 9,869.37 | (13.52) (1,072.82) 11,149.49 35,610.32 | (94.82 522.41 12,490.25 40,525.96 |\n| IX X | Profit for the pe Other compreh (a) Items that w (i) Re-mea - Deferred | riod (VII-VIII) ensive income (O ill not be reclassif surement of the d Tax | CI) ied to profit o efined benefit | r loss obligations |  | (593.94) 149.49 | (43.96) 11.06 | (258.04) 64.95 | (726.19) 182.77 | (418.61 105.36 |\n|  | (ii) Equity in - Deferred Total other co | struments throug Tax mprehensive inco | h other comp me (X) | rehensive income |  | (2,006.48) 218.34 (2,232.59) 4,215.69 | (10,384.51) 1,195.96 (9,221.45) (981.53) | 8,221.20 (727.68) 7,300.43 17,169.80 | (7,968.30) 191.89 (8,319.83) 27,290.49 | 20,502.10 (1,815.60 18,373.05 58,899.01 |\n| XI XII XIII XIV XV XVI XVII XVIII XIX | Total comprehe Paid-up Equity Net worth\" Paid up Debt Ca Other equity Capital Redemp Debenture Rede Earnings Per Sh (a) Basic (z) (b) Diluted (Z) Debt Equity Rat | nsive income fo Share Capital (F pital / Outstandin tion Reserve mption Reserve* are (Face value io\" | r the period ace value of g Debts of Z 5/- each) | (IX+X) f 5/- each) - not annualised | Not | 6,290.14 316,283.58 8,407.68 309,993.44 126.48 applicable Not 5.13 5.13 0.03 167.92 | 6,290.14 318,358.04 6,592.74 312,067.90 126.48 applicable Not 6.55 6.55 0.02 196.03 | 6,290.14 305,976.51 6,109.25 299,686.37 126.48 applicable Not 7.85 7.85 0.02 8.90 | 6,290.14 316,283.58 8,407.68 309,993.44 126.48 applicable Not 28.31 28.31 0.03 222.33 | 6,290.14 305,976.51 6,109.25 299,686.37 126.48 applicable 32.21 32.21 0.02 19.37 |\n| XX XXI XXII XXIII XXIV )0(V XXVI XXVII XXVIII XXIX )00( * Repres | Debt Service Co Interest Service Current Ratio\" Long Term Debt Bad debts to Ac Current Liability Total Debts to T Debtors Turnov Inventory Turno Operating Margi Net Profit Margi ents consumpti | verage Ratio\" Coverage Ratio\" to Working Capi count Receivable Ratio\" otal Assets\" er\" ver\" n (%)\" n (%)\" on of raw material | tal\" Ratio\" s and stores | & spares. ** Employee be | nefits expense | 167.92 1.40 0.26 - 0.28 0.02 3.44 3.05 28.46 18.43 shown above is ne | 196.03 1.74 0.16 - 0.25 0.01 3.45 3.07 35.81 24.44 t of allocation to dif | 229.94 1.58 0.16 - 0.30 0.01 3.12 3.39 40.12 28.49 ferent activities. | 222.33 1.40 0.26 - 0.28 0.02 12.71 12.40 37.26 25.83 | 165.16 1.58 0.16 - 0.30 0.01 12.78 14.54 41.25 29.28 |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 9, "section": "(CA Nancy Gupta) \n(CA K. B. Solanki) \n(CA Asha Patel) \nPartner \nPartner \nPartner \nM. No. 067953 \nM. No. 110299 \nM. No. 166048 \nUDIN: 25067953BMOZNE8458 \nUDIN: 25110299BMJOVF3565 \nUDIN: 25166048BMKNOJ5054 \nLaxmi Tripti & Associates \nTalati & Talati LLP \nChartered Accountants \nChartered Accountants \nFirm Reg. No. 009189C \nFirm Reg. No. \n110758W/W100377 \nRajesh \nDigitally signed by \nRajesh Kumar \nDigitally signed by \nKumar \nGupta \nAmit \nAmit Shah \nDate: 2025.05.21 \nGupta \n19:47:33 +0530' \nShah \nDate: 2025.05.21 \n19:47:52 +0530'", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "301acd4a23f52472", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: QP I\nonoc | Page: 12\n\n| Q on | PI oc Regd. | Office : Plot | No. 5A- Tel: 011- | 5B, Nelson 26754002, | Mandela Road, Va Fax: 011-26129091 | sant Kunj, New De , E-mail: secretaria | lhi, South West De t@ongc.co.in | lhi — 110070 |  |  |\n|---|---|---|---|---|---|---|---|---|---|---|\n|  |  | STAN | DALON | E SEGMEN | T WISE REVENUE | , RESULTS, ASS | ETS & LIABILITIES |  |  |  |\n|  |  |  |  |  |  |  |  |  |  | in Crore |\n| SI. | Particulars |  |  |  | Qua | rter ended Qua | rter ended Qua | rter ended Ye | ar ended Ye | ar ended |\n| No. |  |  |  |  | 31 A | .03.2025 31 udited U | .12.2024 31 naudited A | .03.2024 31 udited | .03.2025 31. Audited A | 03.2024 udited |\n| 1 | Segment Revenue |  |  |  |  |  |  |  |  |  |\n|  | Revenue from Operations |  |  |  |  |  |  |  |  |  |\n|  | a) Offshore |  |  |  |  | 24,782.70 | 23,653.15 | 23,890.68 | 95,627.26 | 94,270.18 |\n|  | b) Onshore |  |  |  |  | 10,199.53 | 10,063.65 | 10,746.01 | 42,219.03 | 44,131.95 |\n|  | Total |  |  |  |  | 34,982.23 | 33,716.80 | 34,636.69 | 137,846.29 | 138,402.13 |\n|  | Less: Inter Segment Operating Revenu | e |  |  |  | - | - | - | - | - |\n|  | Revenue from operations |  |  |  |  | 34,982.23 | 33,716.80 | 34,636.69 | 137,846.29 | 138,402.13 |\n| 2 | Segment Result Profit(+)/Loss(-) befo | re tax and | interest | from each | segment |  |  |  |  |  |\n|  | a) Offshore |  |  |  |  | 7,994.49 | 9,606.87 | 11,544.21 | 38,382.89 | 44,408.16 |\n|  | b) Onshore |  |  |  |  | 1,553.97 | 1,653.69 | 556.84 | 6,688.97 | 6,184.73 |\n|  | Total |  |  |  |  | 9,548.46 | 11,260.56 | 12,101.05 | 45,071.86 | 50,592.89 |\n|  | Less: |  |  |  |  |  |  |  |  |  |\n|  | i. Finance Cost |  |  |  |  | 1,190.09 | 1,074.95 | 1,034.85 | 4,603.97 | 4,081.31 |\n|  | ii. Other unallocable expenditure net of | unallocable | income. |  |  | (409.06) | (814.65) | (1,794.18) | (6,291.92) | (6,504.63 |\n|  | Profit before Tax |  |  |  |  | 8,767.43 | 11,000.26 | 12,860.38 | 46,759.81 | 53,016.21 |\n| 3 | Segment Assets |  |  |  |  |  |  |  |  |  |\n|  | a) Offshore |  |  |  |  | 195,199.96 | 196,354.51 | 190,455.76 | 195,199.96 | 190,455.76 |\n|  | b) Onshore |  |  |  |  | 82,639.76 | 81,161.94 | 78,647.05 | 82,639.76 | 78,647.05 |\n|  | c) Other Unallocated |  |  |  |  | 173,813.04 | 175,271.10 | 176,918.09 | 173,813.04 | 176,918.09 |\n|  | Total |  |  |  |  | 451,652.76 | 452,787.55 | 446,020.90 | 451,652.76 | 446,020.90 |\n| 4 | Segment Liabilities |  |  |  |  |  |  |  |  |  |\n|  | a) Offshore |  |  |  |  | 84,446.50 | 84,471.65 | 82,608.78 | 84,446.50 | 82,608.78 |\n|  | b) Onshore |  |  |  |  | 19,376.57 | 19,588.95 | 19,318.21 | 19,376.57 | 19,318.21 |\n|  | c) Other Unallocated |  |  |  |  | 31,546.11 | 30,368.91 | 38,117.40 | 31,546.11 | 38,117.40 |\n|  | Total |  |  |  |  | 135,369.18 | 134,429.51 | 140,044.39 | 135,369.18 | 140,044.39 |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "QP I\nonoc", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "2d2465d199327b71", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: QP I\nonoc | Page: 13\n\n| 1. | The standalone | financial res | ults of the Com | pany for | the | quarter and year ended M | arch 31, 2025 |\n|---|---|---|---|---|---|---|---|\n|  | have been revi | ewed and rec | ommended by | the Audit | Co | mmittee and approved by | the Board of |\n|  | Directors in the | ir respective | meetings held | on May | 21, 2 | 025. |  |\n| 2. | The audited ac | counts are s | ubject to revie | w by the | Com | ptroller and Auditor Ge | neral of India |\n|  | under section 1 | 43(6) of the | Companies Ac | t, 2013. |  |  |  |\n| 3. | The figures for | the quarter | ended March | 31, 2025 | are | the balancing figures bet | ween audited |\n|  | figures in respe | ct of the full | fmancial year | and the r | evie | wed year-to-date figures | upto the third |\n|  | quarter of the f | inancial year | . |  |  |  |  |\n| 4. | The financial r | esults have b | een audited by | the Statu | tory | Auditors as required und | er Regulation |\n|  | 33 and 52 of S | EBI (Listing | Obligations an | d Disclos | ure | Requirements), Regulati | on, 2015. The |\n|  | Statutory Audi | tors have iss | ued unmodifie | d opinion | on t | he standalone financial | results for the |\n|  | year ended Ma | rch 31, 2025 | . |  |  |  |  |\n| 5. | The Company, | with 40% P | articipating Inte | rest (PI), | wa | s a Joint Operator in Pan | na-Mukta and |\n|  | Mid & South T | apti Fields | along with Reli | ance Ind | ustri | es Limited (RIL) and B | G Exploration |\n|  | and Production | India Limit | ed (BGEPIL) e | ach havin | g 30 | % PI, (all three together | referred to as |\n|  | \"Contractors\") | signed two | Production Sh | aring Co | ntrac | ts (PSCs) with Govern | ment of India |\n|  | (Union of Indi | a) on Decem | ber 22, 1994 fo | r a perio | d of | 25 years. The PSCs for | Panna-Mukta |\n|  | and Mid & Sou | th Tapti have | expired on De | cember 2 | 1, 20 | 19. In terms of the Panna | -Mukta Field |\n|  | Asset Handove | r Agreement | , the Contractor | s of PMT | JV | are liable for the pre-exis | ting liability. |\n|  | In December | 2010, RIL | & BGEPIL (J | V Partn | ers) | invoked an internation | al arbitration |\n|  | proceeding aga | inst the Uni | on of India in | respect o | f ce | rtain disputes, differenc | es and claims |\n|  | arising out of a | nd in conne | ction with both | the PSC | s. T | he Ministry of Petroleum | and Natural |\n|  | Gas (MoP&N | G), vide the | ir letter dated | July 04, | 201 | 1, had directed the Co | mpany not to |\n|  | participate in th | e Arbitratio | n initiated by th | e JV Part | ners | (RIL & BGEPIL). MoP | &NG has also |\n|  | stated that the | Arbitral Awa | rd would be ap | plicable t | o th | e Company also as a con | stituent of the |\n|  | Contractor for | both the PSC | s. |  |  |  |  |\n|  | Directorate Ge | neral of Hyd | rocarbons (DG | H), vide l | etter | dated May 25, 2017 had | informed the |\n|  | Company that | on October | 12, 2016, a F | inal Parti | al A | ward (FPA) was prono | unced by the |\n|  | Tribunal in the | said arbitrati | ons. As inform | ed by BG | EPIL | that on issues relating to | the aforesaid |\n|  | disputes, additi | onal Audit A | ward on Janua | ry 11, 20 | 18, A | greement Case Award o | n October 01, |\n|  | 2018 and Juris | dictional Aw | ard on March | 12, 2019 | wer | e pronounced. However, | the details of |\n|  | proceedings of | the FPA and | other Orders a | re not ava | ilab | le with the Company. D | GH, vide their |\n|  | letters dated M | ay 25, 2017 | and June 04, | 2018, ma | rke | d to the Contractors, had | directed the |\n|  | payment of dif | ferential Gov | ernment of Ind | ia share | of P | rofit Petroleum and Roya | lty alleged to |\n|  | be payable by | Contractors | pursuant to Go | vernment | 's in | terpretation of the FPA ( | 40% share of |\n|  |  |  |  |  |  |  | 1 |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "QP I\nonoc", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "bd629f1cb8f263a4", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: QP I\nonoc | Page: 14\n\n| the Company am | ounting to US$ | 1,624.05 millio | n, including | interest up to No | vembe | r 30, 2016) |\n|---|---|---|---|---|---|---|\n| equivalent to | 13,915 Crore a | s on March 31 | , 2025 (Ma | rch 31, 2024: | 13,538 | Crore). In |\n| response to the | letters of DGH | , the JV partn | ers (with a | copy marked to | all Joi | nt Venture |\n| Partners) had sta | ted that deman | d of DGH was p | remature as | the FPA did not | make | any money |\n| award in favour | of Government | of India, since q | uantification | of liabilities were | to be | determined |\n| during the final | proceedings of | the arbitration | . Further th | e award had also | been | challenged |\n| before the Engl | ish Commercial | Court (Londo | n High Cou | rt). Based on the | abov | e facts, the |\n| Company had al | so responded t | o the letters of | DGH stating | that pending fin | ality o | f the order, |\n| the amount due | and payable by t | he Company w | as not quant | ifiable. In view o | f the C | ompany, if |\n| any changes are | approved for | increase in the | Cost Reco | very Limit (CRL | ) by t | he Arbitral |\n| Tribunal as per | the terms of t | he PSCs the li | ability to G | overnment of In | dia (G | OI) would |\n| potentially reduc | e. |  |  |  |  |  |\n| The English Cou | rt has delivered | its fmal verdict | on May 02 | , 2018 following | which | the Arbitral |\n| Tribunal re-cons | idered some of | its earlier findi | ngs from th | e 2016 FPA (Rev | ised A | ward). The |\n| GOI and JV Par | tners have chal | lenged parts of | the Revise | d Award before E | nglish | Court. On |\n| February 12, 20 | 20, the English | Court passed a | verdict favo | uring the challen | ges m | ade by RIL |\n| & BGEPIL and | also remitted t | he matter in the | Revised A | ward back to Arb | itral T | ribunal for |\n| reconsideration. | BGEPIL has i | nformed that th | e Tribunal | issued a verdict | in Jan | uary 2021, |\n| favouring RIL / | BGEPIL on the | remitted matter | , which wa | s challenged by th | e GO | I before the |\n| English Court. T | he English Cou | rt delivered its | verdict on J | une 09, 2022 dis | missin | g the GoI's |\n| challenges and u | pholding the Re | vised Agreeme | nts Award. | The GOI filed an | appeal | against the |\n| English Court ve | rdict of June 09 | , 2022 that was | rejected by | the English court | s in A | ugust 2022. |\n| Based on the inf | ormation shared | by BGEPIL, the | GOI has al | so filed an executi | on pet | ition before |\n| the Hon'ble Del | hi High Court se | eking enforcem | ent and exec | ution of the Octo | ber 12, | 2016 FPA. |\n| RIL / BGEPIL c | ontend that GO | I' s execution pe | tition is not | maintainable and | have o | pposed the |\n| reliefs sought by | the GOI under | the said petition | . The hearin | gs in the matter b | efore t | he Hon'ble |\n| Delhi High Cou | rt concluded o | n August 04, 20 | 22. The De | lhi High Court i | ssued | a judgment |\n| dated June 02, 2 | 023 that the G | overnment's Ex | ecution Peti | tion in respect of | the 2 | 016 FPA is |\n| premature, not m | aintainable and | stands dismisse | d. The Gov | ernment has filed | an ap | peal against |\n| this verdict befo | re a division be | nch of the Delh | i High Cour | t that is presently | pendi | ng for final |\n| hearing. |  |  |  |  |  |  |\n| In January 2018, | the Company a | long with the J | V partners h | ad filed an applic | ation w | ith MC for |\n| increase in Cost | Recovery Limit | (CRL) in terms | of the PSC | s. The application | has be | en rejected |\n| by MC. Pursuan | t to the rejection | , the JV partner | s have filed | a claim with Arbi | tral Tr | ibunal. One |\n| of the JV partn | ers has further | informed the C | ompany th | at the hearing be | fore t | he Arbitral |\n| Tribunal in res | pect of the CR | L increase app | lications fil | ed by RIL & B | GEPI | L has been |\n| concluded in Fe | bruary 2023, an | d an award is pr | esently exp | ected by Decembe | r 202 | 5. |\n|  |  |  |  |  |  | 2 |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "QP I\nonoc", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d21b18708f327646", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: QP I\nonoc | Page: 15\n\n| D | GH vide | letter date | d January | 14, 2 | 019 has advis | ed to the contr | actors to | re-cast the | accounts |\n|---|---|---|---|---|---|---|---|---|---|\n| for | Panna- | Mukta and | Mid & S | outh | Tapti Fields f | or the year 201 | 7-18. Pe | nding fmali | zation of |\n| the | decisio | n of the A | rbitral Tri | bunal | , the JV partn | ers and the Co | mpany h | ad indicate | d in their |\n| let | ters to D | GH that th | e final rec | astin | g of the accou | nts was premat | ure and t | hus the issu | es raised |\n| by | DGH m | ay be kept | in abeyan | ce. |  |  |  |  |  |\n| Du | ring the | financial | year 201 | 0-11, | the Oil Ma | rketing Comp | anies, no | minees of | the GOI |\n| rec | overed | US$ 80.18 | million ( | Share | of the Comp | any US$ 32.0 | 7 million | equivalent | to 275 |\n| Cr | ore as on | March 31 | , 2025 (M | arch | 31, 2024: 2 | 67 Crore) as pe | r directiv | es of GOI i | n respect |\n| of | Joint O | perations | — Panna- | Mukt | a and Tapti | Production Sh | aring Co | ntracts (PS | Cs). The |\n| rec | overy is | towards c | ertain obs | ervat | ions raised by | auditors appo | inted by | DGH unde | r the two |\n| PS | Cs for t | he period 2 | 002-03 to | 2005 | -06 in respec | t of cost and p | rofit petr | oleum share | payable |\n| to | GOI. |  |  |  |  |  |  |  |  |\n| Pe | nding f | mality by | Arbitratio | n Tri | bunal on var | ious issues rai | sed abov | e, re-castin | g of the |\n| fin | ancial st | atements a | nd final q | uanti | fication of lia | bilities, no pro | vision ha | s been acco | unted in |\n| the | financi | al stateme | nts. The d | ema | nd raised by | DGH, amount | ing to U | S$ 1,624.05 | million |\n| eq | uivalent | to 13,91 | 5 Crore as | on M | arch 31, 2025 | (March 31, 20 | 24: 13, | 538 Crore) | has been |\n| co | nsidered | as conting | ent liabilit | y. |  |  |  |  |  |\n| Th | e above | disclosure | is based o | n the | information p | rovided by BG | EPIL a jo | int operato | r of PMT |\n| JV | as ON | GC has bee | n advised | by G | ovt. of India | (MoP&NG) v | ide their | letter dated | July 04, |\n| 20 | 11 not to | participat | e in Arbitr | ation | initiated by R | IL & BGEPIL | under Pa | nna-Mukta | and Mid |\n| & | South T | apti PSCs. | However, | in ca | se of an arbit | ral award, same | will be | applicable t | o ONGC |\n| als | o as a co | nstituent o | f the cont | racto | r for both the | PSCs. |  |  |  |\n| Th | e Comp | any had re | ceived de | man | d orders from | Service Tax | Departm | ent at vario | us work |\n| ce | ntres on | account of | Service T | ax on | Royalty in re | spect of Crude | oil and | Natural gas. | Appeals |\n| ag | ainst suc | h orders ha | ve been fi | led b | efore the Trib | unals and the s | tatus are | under: |  |\n| i. | The Che | nnai Tribu | nal vide O | rder d | ated January | 09, 2024 has se | t aside th | e demand o | f Service |\n|  | Tax on | Royalty. |  |  |  |  |  |  |  |\n| i. | The Ah | medabad T | ribunal a | djour | ned the matte | r sine-die vide | order d | ated June 2 | 5, 2019, |\n|  | against | which the | Company | has f | iled writ peti | tion before Ho | n'ble Gu | jarat High | Court. In |\n|  | this matt | er, Hon'bl | e Gujarat | High | Court in the h | earing held on | January 0 | 4, 2021 dir | ected the |\n|  | revenue | authorities | to file cou | nter | affidavit by J | anuary 21, 2021 | which w | ere filed on | January |\n|  | 20, 2021 | . Subsequ | ently, Hon | 'ble | Gujarat High | Court disposed | of writ | petition and | directed |\n|  | the Com | pany to fil | e early he | aring | application b | efore the Ahme | dabad T | ribunal and | Tribunal |\n|  | to hear t | he same in | view of t | he ab | ove Chennai | Tribunal Orde | r. The Co | mpany has | filed the |\n|  | early he | aring appl | ication be | fore | Ahmedabad | Tribunal on A | pril 10, | 2024, how | ever, the |\n|  | hearing | is not yet s | cheduled. |  |  |  |  |  |  |\n|  |  |  |  |  |  |  |  |  | 3 |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "QP I\nonoc", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "3355d41a6ef9ea66", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: QP I\nonoc | Page: 16\n\n| iii. T | he matter befo | re Mumba | i Tribunal is al | so yet to be sch | eduled. |  |  |\n|---|---|---|---|---|---|---|---|\n| The | Company had | also obtain | ed legal opini | on as per which | the Service Tax/ | GST on | Royalty in |\n| resp | ect of Crude o | il and Nat | ural gas is not | applicable. Ho | wever, the litiga | tion has | continued |\n| und | er GST regime | also, the s | tatus of which | are as under: |  |  |  |\n| i. | Demand order | dated Janu | ary 01, 2019 w | as received by t | he Company on | account | of GST on |\n|  | Royalty in the | State of R | ajasthan. The | Company filed | writ petition be | fore Ho | n'ble High |\n|  | Court of Rajas | than. The | Hon'ble High | Court of Rajas | than heard the m | atter o | n April 03, |\n|  | 2019 and issue | d notice to | Department w | ith a direction th | at no coercive a | ction sh | all be taken |\n|  | against the Co | mpany. The | final hearing | has not yet take | n place. |  |  |\n| ii. | The Company | also filed | writ of manda | mus before Hon | 'ble High Court | of Mad | ras seeking |\n|  | stay on the lev | y of GST o | n royalty. The | Hon'ble High C | ourt of Madras | heard th | e matter on |\n|  | April 03, 2019 | and issued | notice to Cent | ral Government | and State Gover | nment. T | he Central |\n|  | Government fi | led their co | unter affidavit | on August 26, 2 | 019. The Comp | any filed | additional |\n|  | grounds to the | writ petitio | n and filed rej | oinder to the co | unter of the Cent | ral Gov | ernment on |\n|  | January 24, 20 | 20. The H | on'ble High C | ourt of Madras | closed the writ | petition | in hearing |\n|  | held on July | 06, 2022 b | ased on the d | epartment's rej | ection of Comp | any's G | ST refund |\n|  | applications w | ithout fur | ther examinat | ion on merit. | However, libert | y was | granted to |\n|  | challenge the r | efund rejec | tion order of d | epartment in ac | cordance with la | w, acco | rdingly, an |\n|  | appeal has bee | n filed bef | ore the appell | ate authority c | hallenging the d | epartme | nt's refund |\n|  | rejection order | dated June | 24, 2022. |  |  |  |  |\n| iii. | Disputes are al | so pending | at various for | ums for various | work centres in | respect | to GST on |\n|  | Royalty. |  |  |  |  |  |  |\n|  | As an abundan | t caution, t | he Company h | as deposited th | e disputed Servic | e Tax a | nd GST on |\n|  | royalty along w | ith interes | t under-protest | amounting to | 16,466 Crore up | to Marc | h 31, 2025 |\n|  | (Z 14,066 Cror | e up to Ma | rch 31, 2024). |  |  |  |  |\n|  | The Company | shall conti | nue to contest | such disputed m | atters before va | rious fo | rums based |\n|  | on the legal op | inion as pe | r which the S | ervice Tax/GST | on Royalty in r | espect o | f Crude oil |\n|  | and Natural ga | s is not ap | plicable. Howe | ver, considerin | g the pendency | of the de | cision in a |\n|  | similar matter | by the Nin | e Judges' Ben | ch of Hon'ble S | upreme Court a | nd keepi | ng in view |\n|  | the considerab | le time laps | ed, the compa | ny reviewed the | entire issue of di | sputed S | ervice Tax |\n|  | and GST on ro | yalty and d | ecided to make | provision towa | rds these dispute | d taxes a | s a prudent |\n|  | and conservati | ve practice | in respect of th | e nominated fie | lds, as per agreed | terms i | n JV blocks |\n|  | where there a | re no disp | utes amongst | the JV partner | s and to the ex | tent of | company's |\n|  | participating in | terest in th | e JV blocks wh | ere there are dis | putes amongst t | he JV pa | rtners. The |\n|  | Nine Judges' B | ench of th | e Hon'ble Sup | reme Court has | pronounced its d | ecision | on the said |\n|  |  |  |  |  |  |  | 4 |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "QP I\nonoc", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "4aa371d7fc3a90d5", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: QP I\nonoc | Page: 17\n\n|  | pending matter | in a sim | ilar case vid | e its order d | ated July | 25, 2024 | and has, inte | r-alia, stated |\n|---|---|---|---|---|---|---|---|---|\n|  | that royalty pa | id unde | r Mines and | Minerals ( | Developme | nt and R | egulation) | Act (MMDR |\n|  | Act) is not a ta | x. Howe | ver, the natu | re of royalt | y being pai | d under | Oilfields (Re | gulation and |\n|  | Development) | Act (O | RD Act) is to | be decided | by the Co | urt separ | ately as it ha | s the distinct |\n|  | constitutional | provisio | n. |  |  |  |  |  |\n|  | Accordingly, t | he Com | pany has ma | de provision | in the boo | ks to the | extent of | 17,119 Crore |\n|  | towards disput | ed ST/G | ST on Roya | lty (togethe | r with inte | rest ther | eon) for the | period from |\n|  | April 01, 2016 | to Ma | rch 31, 2025 | (Z 14,654 | Crore till | March 3 | 1, 2024). T | he provision |\n|  | pertaining to th | e FY 20 | 24-2025 is | 2,466 Cror | e. In respe | ct of the | liability tow | ards ST/GST |\n|  | on royalty rela | ting to | JV blocks to | the extent | of the sha | re of JV | partners wh | ere there are |\n|  | disputes, the co | mpany | is of the view | that the Se | rvice Tax/ | GST, if a | pplicable on | royalty, will |\n|  | be required to | be disc | harged by th | e JV partn | ers in their | respecti | ve share of | participating |\n|  | interest in the | JV bloc | ks, even if | ONGC is a | licensee. T | his view | of the com | pany is duly |\n|  | backed by a le | gal opi | nion from th | e Addition | al Solicito | r Genera | l of India ( | ASGI) in the |\n|  | context of the | arbitrati | on between | the Compa | ny and JV | Partners | relating to | Rajasthan JV |\n|  | where fresh arb | itration | has been rec | ommended | in view of | the non-c | onsideration | of the terms |\n|  | and conditions | of PSC | which oblig | ates the JV | Partners t | o pay ta | xes includin | g service tax |\n|  | and GST by th | e Arbitr | al Tribunal, | London in i | ts final aw | ard. |  |  |\n|  | Accordingly, t | he othe | r JV partner | s' share of | disputed S | T/GST | on Royalty i | n JV blocks |\n|  | where there are | disput | es (including | Rajasthan B | lock) toge | ther with | interest up | to March 31, |\n|  | 2025, amounti | ng to | 3,290 Cror | e (Z 5,296 | Crore till | March | 31, 2024) h | as not been |\n|  | considered for | provisi | on and the sa | me has bee | n disclosed | as conti | ngent liabilit | y. |\n|  | The remaining | dispute | d demand re | ceived by t | he Compa | ny in this | respect tow | ards penalty |\n|  | and other diffe | rences i | .e. 1,960 C | rore upto M | arch 31, 2 | 025 (Z 1 | ,872 Crore ti | ll March 31, |\n|  | 2024) has also | been di | sclosed as co | ntingent lia | bility. |  |  |  |\n|  | Considering th | e Incom | e tax experts | ' opinion o | n the subje | ct, the af | oresaid amou | nt deposited |\n|  | under protest | has bee | n claimed in | the Income | Tax retur | n / in th | e ongoing a | ssessment & |\n|  | appellate proce | edings, | as an allowa | ble expend | iture under | section | 37 read with | section 43B |\n|  | of the Income | Tax Ac | t, 1961 for th | e relevant | earlier asse | ssment y | ears and fro | m FY 2023- |\n|  | 24 onwards sa | me has | also been co | nsidered as | an allowa | ble expe | nditure whil | e calculating |\n|  | the current tax | . The Co | mpany has a | lso created | deferred ta | x asset a | mounting to | 108 Crore |\n|  | in respect of th | e amou | nts yet to be | deposited a | gainst the | provision | made for di | sputed taxes |\n|  | for the above p | eriods. |  |  |  |  |  |  |\n| Durin | g the quarter e | nded Se | ptember 30, | 2024, the C | ompany, p | ursuant t | o approval fr | om Ministry |\n| of Pet | roleum & Natu | ral Gas | (MoP&NG) | vide its lette | r dated Au | gust 09, | 2024, increa | sed its equity |\n| share | holding in ON | GC Petr | o additions L | imited (OPa | L) by 41.8 | 0% via c | onversion o | f a portion of |\n| Comp | ulsory Conve | rtible D | ebentures a | mounting t | o 6,10 | 7 Crore | into equity | shares and |\n|  |  |  |  |  |  |  |  | 5 |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "QP I\nonoc", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "3fc3aa1490f64e71", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: QP I\nonoc | Page: 18\n\n| conversion of | share w | arrants upon | paym | ent of balance | amount of 86 C | rore. Cons | equently, on |\n|---|---|---|---|---|---|---|---|\n| September 12 | , 2024, | Company's s | hareh | olding in OPa | L increased from | 49.36% to | 91.16% and |\n| thereby the Co | mpany | gaining contr | ol ove | r OPaL. |  |  |  |\n| During the qua | rter end | ed December | 31, 2 | 024, there has | been further increa | se in Comp | any's equity |\n| shareholding | in OPa | L by 4.53% | via | settlement an | d conversion of | remaining | portion of |\n| Compulsory C | onverti | ble Debenture | s amo | unting to 1,6 | 71 Crore into equ | ity shares a | nd allotment |\n| of 10,501 C | rore ful | ly paid-up eq | uity sh | ares of face v | alue of 10 each | through su | bscription to |\n| right issue of | fered b | y OPaL. Co | nsequ | ent to this, | as on December | 02, 2024 | Company's |\n| shareholding i | n OPaL | has increase | d from | 91.16% to 95 | .69%. |  |  |\n| Till the quarte | r ended | June 30, 202 | 4, OP | aL was consid | ered as a Joint V | enture, as th | e Company |\n| was holding 4 | 9.36% | ownership int | erest, | however by v | irtue of aforesaid | investment | s, OPaL has |\n| become a subs | idiary o | f the Compa | ny. |  |  |  |  |\n| The Company | purcha | sed High Spe | ed Die | sel (\"HSD\") f | rom Oil Marketing | Companie | s under ICB |\n| tender and pai | d Excis | e Duty compr | ising | of Basic Excis | e Duty (\"BED\"), | Additional | Excise Duty |\n| (\"AED\"), Spe | cial Ad | ditional Excis | e Dut | y (\"SAED\"), R | oad and Infrastruc | ture Cess ( | \"RIC\"). The |\n| Company has | applied | for refund o | f thes | e duties under | the deemed exp | ort benefit | of refund of |\n| \"Terminal Exc | ise Dut | y\" (hereinafte | r refe | rred to as \"TE | D\") under Chapter | 7 of the Fo | reign Trade |\n| Policy (2015- | 20) for | period from | July 0 | 1, 2017 to Fe | bruary 01, 2022 | i.e upto th | e date when |\n| Customs Notif | ication | No. 50/2017 | was r | evised to omit | consumable fuel f | rom List-3 | 3. |\n| Additional Dir | ector G | eneral of Fore | ign Tr | ade (DGFT), | Mumbai allowed T | ED refund | applications |\n| only for the B | ED am | ount and disal | lowed | the other duti | es of Excise. Bas | ed on legal | opinion, the |\n| Company file | d an app | eal with DGF | T, De | lhi. |  |  |  |\n| DGFT, Delhi | vide its | order dated | Febru | ary 25 2025, h | as rejected the cl | aims of ref | und of other |\n| duties of exci | se mad | e by the Com | pany. | The company | is in the proces | s of filing | writ petition |\n| against the afo | resaid o | rder passed b | y DG | FT. |  |  |  |\n| Considering t | he legal | position, as p | er the | opinions of t | he learned counse | ls and the | merits of the |\n| case, the comp | any is | of the view th | at the | company is eli | gible for refund o | f other duti | es of excise. |\n| Hence, 2,08 | 8 Crore | as on March | 31, 2 | 025 (March 31 | , 2024: 2,088 C | rore) recov | erable from |\n|  |  |  |  |  |  |  | 6 |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "QP I\nonoc", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "e19a38ed0f14e967", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: QP I\nonoc | Page: 19\n\n| D | irecto | r G | eneral of Fo | reign Trade (DGF | T), Gove | rnment | of India | has been co | nsidered | as good |\n|---|---|---|---|---|---|---|---|---|---|---|\n| fo | r reco | ver | y and disclo | sed as Advance/cl | aims reco | verable | in financ | ial statemen | t. |  |\n| F | ormul | a us | ed for comp | utation of: |  |  |  |  |  |  |\n|  |  | a. | Net worth ( | Total equity) = Eq | uity share | capital | + Other | equity |  |  |\n|  |  | b. | Debt Equity | Ratio = Total bor | rowings / | Total e | quity. |  |  |  |\n|  |  | c. | Interest Ser | vice Coverage Rati | o = Earni | ngs bef | ore inter | est, tax and e | xceptio | nal item / |\n|  |  |  | Interest on | borrowings (net of | transfer t | o expen | diture du | ring constru | ction). |  |\n|  |  | d. | Debt Servic | e Coverage Ratio | = Earnin | gs befo | re intere | st, tax and e | xception | al item / |\n|  |  |  | [Interest on | borrowings (net of | transfer t | o expen | diture du | ring construc | tion) + | Principal |\n|  |  |  | repayments | of Long Term bor | rowings]. |  |  |  |  |  |\n|  |  | e. | Current Rat | io = Current assets | / Current | liabilit | ies. |  |  |  |\n|  |  | f. | Long term | debt to Working | capital = | Non-c | urrent b | orrowings (i | ncludin | g current |\n|  |  |  | maturity of | non-current borrow | ings) / W | orking | capital ( | excluding cu | rrent m | aturity of |\n|  |  |  | non-current | borrowings). |  |  |  |  |  |  |\n|  |  | g. | Bad debts t | o Accounts receiva | ble Ratio | = Bad | debts / A | verage trade | receiva | bles. |\n|  |  | h. | Current liab | ility Ratio = Curre | nt liabilit | ies / To | tal liabili | ties. |  |  |\n|  |  | i. | Total debts | to Total assets = T | otal borro | wings / | Total as | sets. |  |  |\n|  |  | j. | Debtors tur | nover = Revenue fr | om opera | tions / | Average | trade receiva | bles. |  |\n|  |  | k. | Inventory tu | rnover = Revenue | from ope | rations | / Averag | e inventories | . |  |\n|  |  | I. | Operating M | argin (%) = Earni | ngs befor | e interes | t, tax an | d exceptional | items / | Revenue |\n|  |  |  | from operat | ions. |  |  |  |  |  |  |\n|  |  | m. | Net Profit M | argin (%) = Profit | for the p | eriod / | Revenue | from operati | ons. |  |\n|  | The B | oar | d of Directo | rs in its meeting he | ld on Ma | y 21, 20 | 25 has r | ecommended | a final | dividend |\n|  | of 21 | .25 | per share (2 | 5%) which works | out to Z | 1,573 C | rore ov | er and above | the firs | t interim |\n|  | divid | end | of Z 6 per sh | are (120 %) declar | ed on No | vember | 11, 2024 | and second | interim | dividend |\n|  | of 5 | pe | r share (100 | %) declared on Ja | nuary 31, | 2025. |  |  |  |  |\n|  |  |  |  |  |  |  |  |  |  | 7 |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "QP I\nonoc", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "76bbf9670b47ee8e", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah | Page: 20\n\n| 11. Previous | period's figures have | been reg | roup | ed by the Company, wherever | necessary, t |\n|---|---|---|---|---|---|\n| conform | to current period's grou | ping. |  |  |  |\n|  |  |  |  | By order | of the Board |\n|  |  |  |  | VIVEK | pell...,11,074,,I.DIMA Mat, |\n|  |  |  |  | TONGAONKAR |  |\n|  |  |  |  | (Vivek C | Tongaonkar) |\n|  |  |  |  | Director (Finance) / Whole | -time Director |\n|  |  |  |  | (DI | N: 10143854) |\n| In terms of ou | r report of even date | attached |  |  |  |\n| For J Gupta & | Co. LLP | For Manu | bha | i & Shah LLP For V | Sankar Aiyar |\n| Chartered Acc | ountants | Chartered | Acco | untants Charter | ed Accountan |\n| Firm Reg. No. | 314010E/E300029 | Firm Reg. | No: | 106041W/W100136 Firm R | eg. No.109208 |\n| NANCY | Digitally signed by NANCY GUPTA | Krishnak Balkrishn | ant a | Digitally signed by Krishnakant Balkrishna PATEL Solanki | Digitally s ASHA PATEL AS JAYANTIB |\n| GU P TA | Date: 2025.05.21 19:33:47 +0530' | Solanki |  | Date: 2025.05.21 19:34:27 JAYAN +05'30' | TIBHAI Date: 202 19:34:56 + |\n| (CA Nancy G | upta) | (CA K. B. | Sol | anki) (CA A | sha Patel) |\n| Partner (M. No | . 067953) | Partner (M | . No | . 110299) Partner | (M. No. 1660 |\n| For Laxmi Tr | ipti & Associates | For Talati | & T | alati LLP |  |\n| Chartered Acco | untants | Chartered | Acco | untants |  |\n| Firm Reg. No. Rajesh Kumar | 009189C Digitally signed by Rajesh Kumar Gupta | Firm Reg. Amit | No. | 110758W/W100377 Digitally signed by Amit Shah |  |\n| Gupta (CA Rajesh K | Date: 2025.05.21 19:35:26 +0530' umar Gupta) | Shah (CA Amit | Sha | Date: 2025.05.21 19:35:55 +0530' h) |  |\n| Partner (M. No | . 077204) | Partner (M | . No | . 122131) |  |\n| lace: New Del | hi |  |  |  |  |\n| Date: May 21, | 2025 |  |  |  |  |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "0d5ee2f410dd073f", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah | Page: 21\n\n| J Gup | ta & C | o LLP |  | Manubhai & Shah | LLP | V Sankar Ai | yar & Co. |\n|---|---|---|---|---|---|---|---|\n| Char | tered | Account | ants | Chartered Accou | ntants | Chartered | Accountan |\n| YMC | A Buil | ding |  | G-4, Capstone, |  | A-601, Ma | ngalya Bui |\n| 25, J | awah | arlal Neh | ru Road, | Sheth Mangaldas | Road, | off. Marol | Maroshi R |\n| Kolk | ata — 7 | 00 087 |  | Ellisbridge, |  | Andheri (E | ), |\n|  |  |  |  | Ahmedabad — 38 | 0 006 | Mumbai — | 400 059 |\n| Laxm | i Tript | i & Assoc | iates | Talati & Talati LLP |  |  |  |\n| Char | tered | Account | ants | Chartered Accou | ntants |  |  |\n| SL-2, | Door | No's 146 | -149, | A-393, Basement | , |  |  |\n| Old | No. 15 | , Alsa Ma | ll, | Defense Colony, |  |  |  |\n| Mon | teith | Road, Eg | more, | New Delhi — 110 | 024 |  |  |\n| Che | nnai — | 600 008 |  |  |  |  |  |\n| Indep | ende | nt Audi | tors' Report o | n Consolidated | Audited Quarterly | and Yea | r to date |\n| Finan | cial | Results | of Oil and N | atural Gas Co | rporation Limited | pursuan | t to the |\n| requi | reme | nts of | Regulation 33 | and Regulation | 52 of SEBI (Listin | g Obligat | ions and |\n| Discl | osure | Require | ments) Regul | ations, 2015, as | amended. |  |  |\n| To, |  |  |  |  |  |  |  |\n| The B | oard | of Dire | ctors of |  |  |  |  |\n| Oil a | nd Na | tural Ga | s Corporation | Limited |  |  |  |\n| 1. | Opini | on |  |  |  |  |  |\n|  | We h | ave aud | ited the accom | panying statem | ent containing Con | solidated | Financial |\n|  | Resul | ts of Oi | l and Natural | Gas Corporation | Limited (hereina | fter referr | ed to as |\n|  | \"the | Holding | Company / the | Company\") and | its subsidiaries an | d controll | ed entity |\n|  | (the | Holding | Company, its | subsidiaries an | d controlled entity | together | referred |\n|  | to as | \"the Gr | oup\"), its Joint | Ventures and As | sociates, for the q | uarter and | the year |\n|  | ende | d March | 31, 2025, at | tached herewit | h, being submitte | d by the | Holding |\n|  | Comp | any pur | suant to the re | quirement of Re | gulation 33 and Re | gulation 5 | 2 of SEBI |\n|  | (Listi | ng Oblig | ations and Disc | losure Requirem | ents) Regulations, | 2015, as | amended |\n|  | (\"List | ing Reg | ulations\"). |  |  |  |  |\n|  | In ou | r opini | on and to th | e best of our | information and | accordin | g to the |\n|  | expla | nations | given to us, a | nd based on the | consideration of | the repor | ts of the |\n|  | other | auditor | s on audited | standalone / co | nsolidated financi | al statem | ents and |\n|  | other | financi | al information | of subsidiaries, | joint ventures and | associate | referred |\n|  | to in | Other M | atter paragrap | h below, the af | oresaid Statement: |  |  |\n|  |  |  |  |  |  | P | age 1 of 14 |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 21, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "21779c9d28e493b8", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah | Page: 22\n\n| J Gup | ta & | Co LLP | M | an | ubha | i & Shah LLP | V | Sankar Aiya | r & Co. |\n|---|---|---|---|---|---|---|---|---|---|\n| Charte | red | Accountants | C | ha | rtered | Accountants | C | hartered Acc | ountants |\n| Laxmi | Tri | pti & Associates | T | ala | ti & T | alati LLP |  |  |  |\n| Charte | red | Accountants | C | ha | rtered | Accountants |  |  |  |\n|  | i. | includes the qu | arterly | an | d ye | ar to date fin | ancial re | sults of th | e following |\n|  |  | entities: Sr. |  |  |  | Name of th | e entity |  |  |\n|  |  | No. A Holdin | g Comp | an | y |  |  |  |  |\n|  |  | 1 Oil an | d Natura | l | Gas C | orporation Li | mited |  |  |\n|  |  | B Subsi | diaries/C | o | ntrol | led Entity |  |  |  |\n|  |  | 1 ONGC | Videsh | Li | mited | * |  |  |  |\n|  |  | 2 Manga | lore Re | fin | ery a | nd Petrochem | icals Lim | ited * |  |\n|  |  | 3 Petron | et MHB | L | imite | d |  |  |  |\n|  |  | 4 Hindu | stan Pet | ro | leum | Corporation | Limited * |  |  |\n|  |  | 5 ONGC | Green L | im | ited | * |  |  |  |\n|  |  | 6 ONGC | Petro a | dd | ition | s Limited A |  |  |  |\n|  |  | 7 ONGC | Startup | F | und T | rust # |  |  |  |\n|  |  | C Joint | Ventures |  |  |  |  |  |  |\n|  |  | 1 ONGC | Teri Bio | te | ch Li | mited |  |  |  |\n|  |  | 2 Manga | lore SEZ | L | imite | d * |  |  |  |\n|  |  | 3 ONGC | Tripura | P | ower | Company Lim | ited * |  |  |\n|  |  | 4 Dahej | SEZ Lim | ite | d # |  |  |  |  |\n|  |  | 5 Indrad | hanush | G | as Gr | id Limited |  |  |  |\n|  |  | D Associ | ates |  |  |  |  |  |  |\n|  |  | 1 Pawan | Hans Li | m | ited | # |  |  |  |\n|  |  | 2 Petron | et LNG | Li | mited | * |  |  |  |\n|  |  | 3 Rohini * As per the Conso # As per Managem | Helipor lidated Fi ent certifi | t na ed | Limit ncial Fina | ed # Statements. ncial Statements | / Informat | ion. |  |\n|  |  | A During the year Limited (OPaL) fr OPaL became a s | , ONGC L om 49.36 ubsidiary. | im % | ited i to 95. | ncreased its sh 69%, thereby g | areholding aining contr | in ONGC Pe ol over OPaL | tro additions . As a result, |\n|  | ii. | are presented i | n accord | a | nce | with the requi | rements | of Regulati | ons 33 and |\n|  |  | 52 of the Listing | Regula | tio | ns in | this regard; | and |  |  |\n|  | iii. | gives a true a | nd fair |  | view | in conform | ity with | the recog | nition and |\n|  |  | measurement p | rinciple | s | laid | down in the | applicab | le Indian | Accounting |\n|  |  | Standards and | other ac | c | ounti | ng principles | generally | accepted i | n India, of |\n|  |  | the net profit | and o | th | er c | omprehensive | income | and othe | r financial |\n|  |  | information for | the qua | rt | er an | d year ended | March 31, | 2025. |  |\n|  |  |  |  |  |  |  |  |  | Page 2 of 14 |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 22, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "82b972bc8980f23c", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah | Page: 23\n\n| J Gu | pta & Co LLP |  | Manubha | i & Shah LLP | V Sankar Ai | yar & Co. |\n|---|---|---|---|---|---|---|\n| Char | tered Accountants |  | Chartered | Accountants | Chartered A | ccountants |\n| Lax | mi Tripti & Associate | s | Talati & T | alati LLP |  |  |\n| Char | tered Accountants |  | Chartered | Accountants |  |  |\n| 2. | Basis of Opinion |  |  |  |  |  |\n|  | We conducted ou | r audi | t in accorda | nce with the Sta | ndards on Au | diting (\"SAs\") |\n|  | specified under | section | 143(10) of | the Companies | Act, 2013 (\"th | e Act\"). Our |\n|  | responsibilities u | nder t | hose Standa | rds are further | described in t | he Auditor's |\n|  | Responsibilities f | or the | Audit of the | Consolidated Fina | ncial Results s | ection of our |\n|  | report. We are in | depen | dent of the | Group, its joint | ventures and | associates in |\n|  | accordance with | the | Code of Eth | ics issued by t | he Institute | of Chartered |\n|  | Accountants of In | dia (\"t | he ICAI\") tog | ether with the et | hical requirem | ents that are |\n|  | relevant to our a | udit of | the Consoli | dated Financial R | esults under t | he provisions |\n|  | of the Act and t | he Rul | es thereund | er, and we have | fulfilled our | other ethical |\n|  | responsibilities in | accor | dance with | these requiremen | ts and the Co | de of Ethics. |\n|  | We believe that t | he aud | it evidence o | btained by us an | d other auditor | s in terms of |\n|  | their reports refe | rred t | o in \"Other | Matter\" paragra | ph below, is s | ufficient and |\n|  | appropriate to pr | ovide a | basis for o | ur opinion. |  |  |\n| 3. | Emphasis of Matt | er |  |  |  |  |\n|  | We draw attentio | n to t | he followin | g matters in the | notes to the | Consolidated |\n|  | Financial Stateme | nts, in | cluding the | matters reported | by the compo | nent auditors |\n|  | as per the requir | ement | of Standard | on Auditing (SA | 600) on 'Using | the Work of |\n|  | Another Auditor', | consi | dering mater | iality: |  |  |\n|  | i. Note no. 5, i | n resp | ect of pendi | ng finality of Arb | itration Tribu | nal Award on |\n|  | various issue | s relat | ed to Produ | ction Sharing Con | tract with resp | ect to Panna- |\n|  | Mukta and | Mid an | d South Tap | ti contract areas | (PMT JV), de | mand of USD |\n|  | 1,624.05 mil | lion eq | uivalent to | Rs. 13,915 Crore | as on March | 31, 2025 (Rs. |\n|  | 13,538 Crore | up to | March 31, | 2024) on the Com | pany, to the | extent of the |\n|  | Company's p | articip | ating intere | st in the PMT JV, | by Directorat | e General of |\n|  | Hydrocarbon | s is co | nsidered as | contingent liabili | ty for the rea | son stated in |\n|  | the said note | . |  |  |  |  |\n|  | ii. Note no. 6, i | n respe | ct of Service | Tax / GST levied | on royalty on | crude oil and |\n|  | natural gas, | even t | hough dema | nds have been ra | ised by the Ta | x Authorities |\n|  | on such Serv | ice Tax | / GST have | been disputed, t | he Company h | as accounted |\n|  | for the sam | e as li | ability in th | e books. Further | , disputed de | mand due to |\n|  | penalty and | other | differences | on such taxes of | Rs. 1,960 Cro | re (Rs. 1,872 |\n|  | Crore up to | March | 31, 2024) an | d with respect to | Joint Venture | blocks, share |\n|  | of such taxe | s toget | her with int | erest thereon of | Rs. 3,290 Cro | re (Rs. 5,296 |\n|  | Crore up to | March | 31, 2024) f | or other joint ve | nture partners | not paid by |\n|  |  |  |  |  |  | Page 3 of 14 |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 23, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "5e6c5b6269fda116", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah | Page: 24\n\n| J Gu | pta & | Co LLP | Man | ubha | i & Shah LLP |  |  | V Sankar Aiya | r & Co. |\n|---|---|---|---|---|---|---|---|---|---|\n| Char | tered | Accountants | Char | tered | Accountants |  |  | Chartered Acc | ountants |\n| Lax | mi Tri | pti & Associate | s Tala | ti & T | alati LLP |  |  |  |  |\n| Char | tered | Accountants | Char | tered | Accountants |  |  |  |  |\n|  |  | them till Ma | rch 31, 2025 h | ave | been consid | ered | as c | ontingent li | abilities for |\n|  |  | the reasons | stated in the s | aid n | ote. |  |  |  |  |\n|  | iii. | Note no. 7, i | n respect of | refun | d of Rs. 2,0 | 88 | crore | (Rs. 2,088 | crore up to |\n|  |  | March 31, 20 | 24) of Termin | al Ex | cise Duty rec | eiva | ble fr | om Director | General of |\n|  |  | Foreign Trad | e, Governmen | t of I | ndia conside | red | good | and recover | able for the |\n|  |  | reason state | d in the said n | ote. |  |  |  |  |  |\n|  | iv. | Note no. 9(a | ) to the Cons | olidat | ed Financia | l St | ateme | nts and para | (ii) of the |\n|  |  | Emphasis of | Matter paragr | aphs | (EOM) inclu | ded | in the | Independe | nt Auditors' |\n|  |  | Audit Report | on the Con | solid | ated Financ | ial | Statem | ents of ON | GC Videsh |\n|  |  | Limited, a su | bsidiary of the | Hol | ding Compan | y, is | sued | by an indep | endent firm |\n|  |  | of Chartered | Accountants | vide | their respec | tive | repo | rt dated Ma | y 02, 2025, |\n|  |  | the said EOM | is reproduce | d as | under: |  |  |  |  |\n|  |  | \"Note No | . 58(ii) and | 12.2 | of the Co | nsol | idated | Financial | Statements |\n|  |  | regarding | significant | even | t occurred | due | to D | ecree of t | he Russian |\n|  |  | Federatio | n for acquisit | ion & | transfer o | f al | l right | s & obligat | ions of the |\n|  |  | consortiu | m under Produ | ction | Sharing Ag | ree | ment ( | PSA) of the | \"Sakhalin-1 |\n|  |  | (S 1) Proj | ect\" to a new | entit | y \"Sakhalin- | 1 LL | C\".\" |  |  |\n|  | v. | Note no. 9(a | ) to the Cons | olidat | ed Financial | Sta | teme | nts and para | (iii) of the |\n|  |  | Emphasis of | Matter paragr | aphs | (EOM) inclu | ded | in the | Independe | nt Auditors' |\n|  |  | Audit Report | on the Con | solid | ated Financ | ial | Statem | ents of ON | GC Videsh |\n|  |  | Limited, a su | bsidiary of the | Hol | ding Compan | y, is | sued | by an indep | endent firm |\n|  |  | of Chartered | Accountants | vide | their respec | tive | repo | rt dated Ma | y 02, 2025, |\n|  |  | the said EOM | is reproduce | d as | under: |  |  |  |  |\n|  |  | \"Note N | o. 55.1 of | Con | solidated F | inan | cial | Statements | regarding |\n|  |  | accountin | g treatment | of | Investment | in | Sakh | alin-1 LLC | (S-1 LLC), |\n|  |  | managem | ent of holding | com | pany has obt | ain | ed EAC | Opinion fro | m the ICA'. |\n|  |  | In line w | ith the EAC o | pinio | n, the man | age | ment | has de-reco | gnised the |\n|  |  | Carrying | Value of net | asset | s relating t | o Jo | int op | erations am | ounting to |\n|  |  | 143,195. | 67 million (U | SD 1 | ,739.71 milli | on | (Net | of Adjustme | nts)) as on |\n|  |  | transition | date. |  |  |  |  |  |  |\n|  |  | The man | agement has | also | recognised | th | e fair | value in | Sakhalin in |\n|  |  | Sakhalin- | 1 LLC amounti | ng to | X144,786.5 | 8 m | illion | (USD 1,759. | 04 million) |\n|  |  | as cost of | Investment- P | endi | ng Proportio | nate | Own | ership Intere | st in Equity |\n|  |  | of Sakhali | n-1 LLC. The a | bove | -mentioned | der | ecogn | ition and re | cognition in |\n|  |  | the carryi | ng value of In | vest | ments in S-1 | LLC | has r | esulted in a | net gain of |\n|  |  |  |  |  |  |  |  |  | Page 4 of 14 |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 24, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d35cb67d9cd4f62e", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah | Page: 25\n\n| J Gupta & Co | LLP | Manubhai & Shah L | LP | V Sankar Ai | yar & Co. |\n|---|---|---|---|---|---|\n| Chartered Ac | countants | Chartered Accountan | ts | Chartered A | ccountants |\n| Laxmi Tripti | & Associates | Talati & Talati LLP |  |  |  |\n| Chartered Acc | ountants | Chartered Accountan | ts |  |  |\n|  | '1,590.91 million | (USD 19.33 million) | in the State | ment of Pr | ofit & Loss on |\n|  | the transition dat | e, now forming part | of retained | earnings. |  |\n|  | The above referre | d accounting adjust | ments being | a change i | n the basis of |\n|  | measurement, the | same is considere | d as 'Chang | e in Acco | unting Policy' |\n|  | and hence the Ho | lding Company has r | estated its | Financial S | tatements to |\n|  | record the change | s. Thus, the Holdin | g Company | has prepa | red Restated |\n|  | Financial Stateme | nts as per Ind AS 8 | with retrosp | ective effe | ct.\" |\n| vi. No | te no. 9(c) to the | Consolidated Finan | cial Stateme | nts and pa | ra (iv) of the |\n| Em | phasis of Matter p | aragraphs (EOM) inc | luded in th | e Independ | ent Auditors' |\n| Au | dit Report on the | Consolidated Fina | ncial State | ments of | ONGC Videsh |\n| Lim | ited, a subsidiary | of the Holding Com | pany, issued | by an inde | pendent firm |\n| of | Chartered Accoun | tants vide their res | pective rep | ort dated M | ay 02, 2025, |\n| the | said EOM is repro | duced as under: |  |  |  |\n|  | \"Note No. 55.3 o | f the Consolidated | Financial | Statements | wherein the |\n|  | Holding Company | has retrospectively | capitalized | an amount | of '7,060.10 |\n|  | million (USD 85.9 | 4 million) from Cap | ital Work in | Progress | (CWIP) to Oil |\n|  | and Gas Assets, ef | fective from FY 202 | 2-23, which | marks the | completion of |\n|  | Phase II faciliti | es in A-1 Myan | mar proje | ct. This | retrospective |\n|  | capitalization has | led to an increase | in depletion | expenses | of '1,853.27 |\n|  | million (USD 23.0 | 5 million) for FY 2 | 022-23 and | T1,794.87 | million (USD |\n|  | 21.68 million) for | FY 2023-24. Accor | dingly, the | related ad | justments to |\n|  | opening retained | earnings as at 01.04 | .2023 and | profit in FY | 2023-24 has |\n|  | been carried out.\" |  |  |  |  |\n| vii. No | te no. 9(d) to 9(g) | to the Consolidate | d Financial | Statements | and para (v) |\n| of | the Emphasis of | Matter paragraphs ( | EOM) inclu | ded in the | Independent |\n| Au | ditors' Audit Rep | ort on the Consolid | ated Financ | ial Stateme | nts of ONGC |\n| Vid | esh Limited, a | subsidiary of the | Holding C | ompany, is | sued by an |\n| ind | ependent firm of | Chartered Accoun | tants vide | their resp | ective report |\n| da | ted May 02, 2025, | the said EOM is rep | roduced as | under: |  |\n|  | \"Note No. 55.4 - | 55.7 of the Consol | idated Fina | ncial State | ments, which |\n|  | more comprehens | ively explains that | during the | financial y | ear 2024-25, |\n|  | management has | identified the nee | d for appr | opriate ac | counting and |\n|  | reclassification o | f certain material | error (in a | ddition to | Para iii & iv |\n|  | above) primarily | pertaining to the | earlier pe | riods. Acc | ordingly, the |\n|  | corresponding figu | res pertaining to th | e year end | ed March 3 | 1, 2024 have |\n|  | been restated an | d a third balance s | heet as at | April 1, 20 | 23 has been |\n|  |  |  |  |  | Page 5 of 14 |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 25, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "341e97130ce29d12", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah | Page: 26\n\n| J Gu | pta & | Co LLP |  | Manubhai & S | hah LLP | V Sankar Aiy | ar & Co. |\n|---|---|---|---|---|---|---|---|\n| Char | tered | Accountants |  | Chartered Acco | untants | Chartered Acc | ountants |\n| Lax | mi Tri | pti & Associat | es | Talati & Talati | LLP |  |  |\n| Char | tered | Accountants |  | Chartered Acco | untants |  |  |\n|  |  | presente | d in ac | cordance with | requirement of | \"Ind-AS 8: | Accounting |\n|  |  | policies, | Change | s in Accounting | Estimates and | Errors\" for | appropriate |\n|  |  | accountin | g and | reclassification | of the correspo | nding figure | of certain |\n|  |  | material | item in | the Balance She | et and Statement | of Profit a | nd Loss.\" |\n|  | viii. | Note no. 11 | to the | Consolidated Fi | nancial Statemen | ts and para | (viii) of the |\n|  |  | Emphasis of | Matter | paragraphs (EO | M) included in the | Independe | nt Auditors' |\n|  |  | Audit Repor | t on th | e Consolidated | Financial State | ments of O | NGC Videsh |\n|  |  | Limited, a su | bsidiary | of the Holding | Company, issued | by an indep | endent firm |\n|  |  | of Chartered | Accoun | tants vide their | report dated May | 02, 2025, t | he said EOM |\n|  |  | is reproduce | d as un | der: |  |  |  |\n|  |  | \"Note No | .13.6.1 | of Consolidate | d Financial Stat | ements reg | arding non- |\n|  |  | current tr | ade rec | eivable from Go | vt. of Sudan (Go | S) of T30,24 | 6.64 million |\n|  |  | assessed | for life | time expected | credit loss and | an impairm | ent loss of |\n|  |  | T871.02 | million h | as been charge | d in the statemen | t of profit a | nd loss. The |\n|  |  | total outs | tanding | provision agai | nst these receivab | les stands a | t T6,454.34 |\n|  |  | million.\" |  |  |  |  |  |\n|  | ix. | Note no. 12 | to the | Consolidated Fi | nancial Statemen | ts and para | (xi) of the |\n|  |  | Emphasis of | Matter | paragraphs (EO | M) included in the | Independe | nt Auditors' |\n|  |  | Audit Repor | t on th | e Consolidated | Financial State | ments of O | NGC Videsh |\n|  |  | Limited, a su | bsidiary | of the Holding | Company, issued | by an indep | endent firm |\n|  |  | of Chartered | Accoun | tants vide their | report dated May | 02, 2025, t | he said EOM |\n|  |  | is reproduce | d as un | der: |  |  |  |\n|  |  | \"In the ca | se of S | ubsidiary ONGC | Videsh Rovuma L | imited (OVR | L) |\n|  |  | Note No | . 58(xv | i) of the Con | solidated Financ | ial Statem | ents, which |\n|  |  | describes | the im | pact of losses in | curred due to an | ongoing fo | rce majeure |\n|  |  | situation | on the | company. As sta | ted in the note, th | e Holding C | ompany has |\n|  |  | extended | financi | al support to th | e subsidiary to e | nable it to | continue its |\n|  |  | operation | s and t | o meet its obli | gations, and the | consolidat | ed financial |\n|  |  | statemen | ts have | been prepared | on a going concer | n basis acc | ordingly.\" |\n|  | x. | Note no. 13 | to the | Consolidated F | inancial Stateme | nts and par | a (x) of the |\n|  |  | Emphasis of | Matter | paragraphs (EO | M) included in the | Independe | nt Auditors' |\n|  |  | Audit Repor | t on th | e Consolidated | Financial State | ments of O | NGC Videsh |\n|  |  | Limited, a su | bsidiary | of the Holding | Company, issued | by an indep | endent firm |\n|  |  | of Chartered | Accoun | tants vide their | report dated May | 02, 2025, t | he said EOM |\n|  |  | is reproduce | d as un | der: |  |  |  |\n|  |  |  |  |  |  |  | Page 6 of 14 |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 26, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "368f0e16591a9f87", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah | Page: 27\n\n| J Gupta & Co | LLP |  |  | Manubhai & Sh | ah LLP | V Sankar Ai | yar & Co. |\n|---|---|---|---|---|---|---|---|\n| Chartered Acc | ountants |  |  | Chartered Accou | ntants | Chartered Ac | countants |\n| Laxmi Tripti | & Associates |  |  | Talati & Talati L | LP |  |  |\n| Chartered Acc | ountants |  |  | Chartered Accou | ntants |  |  |\n|  | \"Note No. 38 | .1 | of | the Consolid | ated Financia | l Statements | on Area 1, |\n|  | Mozambique | proj | ec | t. Due to secu | rity threat, th | e operator d | eclared force |\n|  | majeure in t | he p | r | oject in April | 2021 and su | spension of | development |\n|  | activities. Du | e to | t | he force maje | ure, borrowing | cost T11,8 | 19.64 million |\n|  | and stand by | ex | pe | nditures T5,66 | 4.23 million i | ncurred dur | ing the year |\n|  | ended 31st M | arch | 2 | 025 has been | charged to th | e Statement | of Profit and |\n|  | Loss. |  |  |  |  |  |  |\n|  | Cumulative b | orro | w | ing cost and | standby expe | nditures tha | t have been |\n|  | charged to Pr | ofit | a | nd loss up to | March 31, 202 | 5 amounts t | o T33,487.58 |\n|  | million and T | 21,6 | 32 | .26 million res | pectively.\" |  |  |\n| xi. No | te no. 14 and | 15 t | o | the Consolida | ted Financial | Statements a | nd para (xii) |\n| of | the Emphasis | of | M | atter paragrap | hs (EOM) incl | uded in the | Independent |\n| Au | ditors' Audit | Rep | or | t on the Cons | olidated Finan | cial Stateme | nts of ONGC |\n| Vid | esh Limited, | a | su | bsidiary of t | he Holding | Company, is | sued by an |\n| ind | ependent firm | of | C | hartered Acco | untants vide th | eir report d | ated May 02, |\n| 20 | 25, the said E | OM i | s | reproduced as | under: |  |  |\n|  | \"In the case o | f th | e | Subsidiary ONG | C Nile Ganga | B.V.(ONGBV | ) |\n|  | a. Note No. | 17.2 | o | f the Consolid | ated Financial | Statements r | egarding the |\n|  | outstand | ing | di | vidend receiva | bles of T45,92 | 2.83 million | in the books |\n|  | of ONG | C | S | an Cristobal | BV from i | ts associat | e Petrolera |\n|  | Indovene | zola | n | a SA (PIVSA) | and applicati | on of lifeti | me expected |\n|  | credit lo | ss o | n | the underlyin | g trade receiv | able in PIVS | A due to US |\n|  | Sanction | s in | V | enezuela. |  |  |  |\n|  | b. Note No. | 58( | x | v) of the Cons | olidated Finan | cial Statemen | ts related to |\n|  | early ter | min | at | ion of Explora | tion and Prod | uction Sharin | g Agreement |\n|  | (EPSA) o | n Au | g | ust 31, 2019 by | Government | of Sudan and | termination |\n|  | of accou | nts | b | etween the O | NGBV and the | Joint Opera | tor (GNPOC) |\n|  | (final se | ttle | m | ent). Pending | the outcome | of such fina | l settlement, |\n|  | which is | not | p | resently deter | minable, no a | djustment ha | s been made |\n|  | in the Fi | nan | ci | al Statements. | \" |  |  |\n| xii. No | te no. 16 to | the |  | Consolidated F | inancial State | ments and | Emphasis of |\n| Ma | tter paragrap | h (E | O | M) included in t | he Independe | nt Auditors' | Audit Report |\n| on | the Consolida | ted | Fi | nancial Statem | ents of ONGC | Petro additi | ons Limited, |\n| a s | ubsidiary of | the | H | olding Compa | ny, issued by | an indepen | dent firm of |\n| Ch | artered Accou | ntan | ts | vide their re | port dated Ma | y 06, 2025, t | he said EOM |\n| is r | eproduced as | und | e | r: |  |  |  |\n|  |  |  |  |  |  |  | Page 7 of 14 |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 27, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ce2aeb2d343878e3", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah | Page: 28\n\n| pta & Co | LLP |  | Manubh | ai & Shah LLP |  | V Sankar Ai | yar & Co. |\n|---|---|---|---|---|---|---|---|\n| tered Acc | ountants |  | Chartered | Accountants |  | Chartered A | ccountants |\n| mi Tripti | & Associat | es | Talati & | Talati LLP |  |  |  |\n| tered Acc | ountants |  | Chartered | Accountants |  |  |  |\n|  | \"We dra | w atte | ntion to Not | e No. 41 of the | Finan | cial Statem | ents. Due to |\n|  | changes | in th | e capital str | ucture, SEZ exi | t, an | improved | product mix, |\n|  | reduced i | nput | costs, loan re | structuring, and | othe | r factors d | etailed in the |\n|  | note, the | unce | rtainty regard | ing the entity's | abilit | y to contin | ue as a going |\n|  | concern h | as un | dergone a ch | ange.\" |  |  |  |\n| Our opi | nion on t | he Co | nsolidated Fi | nancial Stateme | nts is | not modifi | ed in respect |\n| of these | matters. |  |  |  |  |  |  |\n| Manage | ment's R | espo | nsibilities for | the Consolidate | d Fin | ancial Res | ults |\n| This C | onsolidate | d Fi | nancial Resu | lts have been | prep | ared on t | he basis of |\n| Consoli | dated An | nual | Financial Stat | ements for the | year | ended Mar | ch 31, 2025. |\n| The Hol | ding Com | pany | 's Board of D | irectors are res | ponsi | ble for the | preparation |\n| and pre | sentation | of th | e Consolidat | ed Financial Re | sults f | or the qua | rter and year |\n| ended | March 31, | 2025 | that give a t | rue and fair vie | w of t | he net pro | fit and other |\n| compre | hensive in | come | and other fi | nancial informat | ion of | the Group | including its |\n| joint v | entures | and | associates, | in accordance | with | the reco | gnition and |\n| measur | ement pr | incipl | es laid down | in Indian Acc | ountin | g Standard | s prescribed |\n| under S | ection 13 | 3 of th | e Act read w | ith relevant rule | s issue | d thereund | er and other |\n| account | ing princ | iples | generally a | ccepted in Ind | ia an | d in com | pliance with |\n| Regulati | ons 33 a | nd 52 | of the Listing | Regulations. |  |  |  |\n| The res | pective B | oard | of Directors o | f the companies | inclu | ded in the | Group and of |\n| its joint | venture | s and | associates a | re responsible f | or ma | intenance | of adequate |\n| account | ing recor | ds in | accordance w | ith the provisio | ns of t | he Act for | safeguarding |\n| of the a | ssets of th | e Gr | oup and its joi | nt ventures and | assoc | iates and fo | r preventing |\n| and de | tecting fr | auds | and other | irregularities; s | electi | on and a | pplication of |\n| appropr | iate acc | ounti | ng policies; | making judgme | nts a | nd estimat | es that are |\n| reasona | ble and | prude | nt; and the | design, implem | entatio | n and ma | intenance of |\n| adequat | e interna | l fina | ncial controls | , that were ope | rating | effectively | for ensuring |\n| accurac | y and com | plete | ness of the a | ccounting record | s, rele | vant to the | preparation |\n| and pre | sentation | of t | he consolidat | ed financial res | ults th | at give a | true and fair |\n| view an | d are fre | e fro | m material m | isstatement, w | hether | due to fra | ud or error, |\n| which h | ave been | used | for the purpos | e of preparatio | n of th | e consolida | ted financial |\n| results | by the Di | rector | s of the Hold | ing Company, as | afore | said. |  |\n| In prepa | ring the | Cons | olidated Finan | cial Results, the | respe | ctive Board | of Directors |\n| of the c | ompanies | inclu | ded in the G | roup and of its | joint | ventures an | d associates |\n| are res | ponsible f | or as | sessing the a | bility of the Gr | oup a | nd of its jo | int ventures |\n|  |  |  |  |  |  |  | Page 8 of 14 |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 28, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "2003a1e5a9e7f547", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah | Page: 29\n\n| J Gu | pta & Co LLP |  | Manubhai & Shah LL | P V Sankar | Aiyar & Co. |\n|---|---|---|---|---|---|\n| Char | tered Accountan | ts | Chartered Accountant | s Chartered | Accountants |\n| Lax | mi Tripti & Asso | ciates | Talati & Talati LLP |  |  |\n| Char | tered Accountan | ts | Chartered Accountant | s |  |\n|  | and associate | s to continue | as a going concern | , disclosing, as appli | cable, matters |\n|  | related to goi | ng concern a | nd using the going | concern basis of acc | ounting unless |\n|  | the respectiv | e Board of D | irectors either inte | nds to liquidate th | eir respective |\n|  | entities or to | cease operat | ions, or has no real | istic alternative but | to do so. |\n|  | The respectiv | e Board of Di | rectors of the comp | anies included in the | Group and of |\n|  | its joint vent | ures and ass | ociates are respon | sible for overseeing | the financial |\n|  | reporting pro | cess of its Gr | oup and of its joint | ventures and associ | ates. |\n| 5. | Auditor's Res | ponsibilities | for the Audit of the | Consolidated Finan | cial Results |\n|  | Our objectiv | es are to | obtain reasonable | assurance about | whether the |\n|  | Consolidated | Financial Re | sults as a whole are | free from material | misstatement, |\n|  | whether due t | o fraud or er | ror, and to issue an | auditor's report tha | t includes our |\n|  | opinion. Reas | onable assura | nce is a high level o | f assurance, but is n | ot a guarantee |\n|  | that an audit | conducted i | n accordance with | SAs will always det | ect a material |\n|  | misstatement | when it exist | s. Misstatements ca | n arise from fraud o | r error and are |\n|  | considered m | aterial if, indi | vidually or in the a | ggregate, they could | reasonably be |\n|  | expected to i | nfluence the | economic decisions | of users taken on th | e basis of this |\n|  | Consolidated | Financial Res | ults. |  |  |\n|  | As part of an | audit in acc | ordance with SAs, | we exercise professi | onal judgment |\n|  | and maintain | professional | scepticism through | out the audit. We als | o: |\n|  | • Identify a | nd assess the | risks of material | misstatement of the | consolidated |\n|  | financial r | esults, whet | her due to fraud o | r error, design and | perform audit |\n|  | procedure | s responsive | to those risks, a | nd obtain audit evi | dence that is |\n|  | sufficient | and appropri | ate to provide a ba | sis for our opinion. T | he risk of not |\n|  | detecting | a material mi | sstatement resultin | g from fraud is highe | r than for one |\n|  | resulting | from error, | as fraud may invol | ve collusion, forger | y, intentional |\n|  | omissions, | misrepresen | tations, or the over | ride of internal cont | rol. |\n|  | • Obtain an | understandin | g of internal contr | ol relevant to the au | dit in order to |\n|  | design au | dit procedure | s that are approp | riate in the circums | tances. Under |\n|  | Section 14 | 3(3)(i) of the | Act, we are also res | ponsible for expressi | ng our opinion |\n|  | on whethe | r the Holding | Company has adequ | ate internal financia | l controls with |\n|  | reference | to financial s | tatements in place | and the operating ef | fectiveness of |\n|  | such contr | ols. |  |  |  |\n|  |  |  |  |  | Page 9 of 14 |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 29, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "de9588a3a8d1623d", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah | Page: 30\n\n| pta | & Co LLP | Manub | hai & Shah | LLP | V Sankar Aiya | r & Co. |\n|---|---|---|---|---|---|---|\n| tere | d Accountants | Charter | ed Accounta | nts | Chartered Acc | ountants |\n| mi T | ripti & Associates | Talati & | Talati LLP |  |  |  |\n| tere | d Accountants | Charter | ed Accounta | nts |  |  |\n| • | Evaluate the appro | priatene | ss of ac | counting | policies used | and the |\n|  | reasonableness of acc | ounting | estimates | and relate | d disclosures m | ade by the |\n|  | Board of Directors. |  |  |  |  |  |\n| • | Conclude on the appr | opriaten | ess of the | Board of | Directors use o | f the going |\n|  | concern basis of acc | ounting | and, base | d on the | audit evidence | obtained, |\n|  | whether a material un | certainty | exists rel | ated to ev | ents or condition | s that may |\n|  | cast significant doubt | on the a | bility of th | e Group, | and its Joint Ve | ntures and |\n|  | Associates to continu | e as a g | oing conc | ern. If we | conclude that | a material |\n|  | uncertainty exists, we | are req | uired to dr | aw attent | ion in our audit | or's report |\n|  | to the related disclos | ures in | the conso | lidated fi | nancial results | or, if such |\n|  | disclosures are inade | quate, to | modify o | ur opinion | . Our opinion i | s based on |\n|  | the audit evidence ob | tained u | p to the da | te of our | auditors' report | . However, |\n|  | future events or con | ditions | may cause | the Grou | p, its Joint Ve | ntures and |\n|  | Associates to cease to | continu | e as a goin | g concern | . |  |\n| • | Evaluate the overall | presenta | tion, struc | ture and | content of the | Statement, |\n|  | including the disclo | sures, a | nd wheth | er the S | tatement repre | sents the |\n|  | underlying transactio | ns and | events | in a ma | nner that ach | ieves fair |\n|  | presentation. |  |  |  |  |  |\n| • | Obtain sufficient a | ppropriat | e audit | evidence | regarding the | financial |\n|  | results/financial infor | mation | of the e | ntities wi | thin the Group | , its joint |\n|  | ventures and associa | tes to e | xpress an | opinion o | n the Stateme | nt. We are |\n|  | responsible for the d | irection, | supervisio | n and pe | rformance of th | e audit of |\n|  | financial information | of such | entities in | cluded in | the consolidate | d financial |\n|  | results of which we | are the | independe | nt audito | rs. For the oth | er entities |\n|  | included in the conso | lidated | Financial R | esults, w | hich have been | audited by |\n|  | other auditors, such | other a | uditors re | main resp | onsible for the | direction, |\n|  | supervision and perfo | rmance | of the aud | its carrie | d out by them. | We remain |\n|  | solely responsible for | our audi | t opinion. |  |  |  |\n| We | communicate with T | hose Cha | rged With | Governan | ce (TCWG) of t | he Holding |\n| Co | mpany regarding, amo | ng other | matters, t | he planne | d scope and tim | ing of the |\n| aud | it and significant au | dit findi | ngs, inclu | ding any | significant defi | ciencies in |\n| inte | rnal control that we i | dentify d | uring our | audit. |  |  |\n| We | also provide those ch | arged w | ith govern | ance with | a statement th | at we have |\n| co | mplied with relevant | ethical r | equiremen | ts regard | ing independen | ce, and to |\n| co | mmunicate with them | all relatio | nships an | d other m | atters that may | reasonably |\n|  |  |  |  |  |  | Page 10 of 14 |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 30, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "96f967c35f8212e3", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah | Page: 31\n\n| & Co | LLP | Manub | hai & Shah L | LP V S | ankar A | iyar & Co. |\n|---|---|---|---|---|---|---|\n| d Acc | ountants | Charter | ed Accountan | ts Cha | rtered A | ccountants |\n| ipti | & Associates | Talati & | Talati LLP |  |  |  |\n| d Acc | ountants | Charter | ed Accountan | ts |  |  |\n| tho | ught to bear | on our in | dependence | , and where | applic | able, related |\n| gua | rds. |  |  |  |  |  |\n| also | performed pr | ocedures in | accordance | with the circula | r issu | ed by the SEBI |\n| er R | egulation 33 | (8) of the Li | sting Regul | ations, as ame | nded, | to the extent |\n| lica | ble. |  |  |  |  |  |\n| er M | atters |  |  |  |  |  |\n| We | have placed | reliance o | n technical | / commercial | evalu | ation by the |\n| man | agement in | respect of | categorizati | on by the Co | mpany | of wells as |\n| exp | loratory, dev | elopment, p | roducing a | nd dry wells, | alloca | tion of costs |\n| incu | rred on th | em, proved | (develope | d and undeve | loped) | / probable |\n| hyd | rocarbon res | erves and | depletion t | hereof on Oi | l and | Gas Assets, |\n| imp | airment, liabi | lity for deco | mmissioning | costs, liability f | or Ne | w Exploration |\n| Lice | nsing Policy | (\"NELP\") / | Hydrocarbon | Exploration a | nd Lic | ensing Policy |\n| (\"HE | LP\") and no | minated bl | ocks for u | nder performan | ce a | gainst agreed |\n| Min | imum Work P | rogramme. |  |  |  |  |\n| The | Statement in | cludes the | Company's | proportionate | share | in assets and |\n| liab | ilities, and p | roportionate | share in t | he total value | of ex | penditure and |\n| inco | me of 201 bl | ocks under N | ELP / HELP | / Discovered S | mall Fi | elds (\"DSF\") / |\n| Ope | n Acreage Lic | ensing Policy | (\"OALP\") a | nd Joint Operati | ons (\" | JO\") accounts |\n| for | exploration a | nd productio | n, out of wh | ich 27 blocks ha | ve not | been audited |\n| by u | s, the details | of which are | as under: |  |  |  |\n| • | 9 blocks have | been audite | d by other C | hartered Accou | ntants | . In respect of |\n|  | these blocks | , the Standa | lone Finan | cial Results inc | lude | proportionate |\n|  | share in asset | s as on Marc | h 31, 2025 a | mounting to Rs | . 6,047 | .87 Crore and |\n|  | revenue and | profit/(loss) | including o | ther comprehen | sive i | ncome for the |\n|  | year ended | March 31, 2 | 025 amount | ing to Rs. 5,84 | 8.37 | Crore and Rs. |\n|  | 1,327.08 Cro | re respectiv | ely. Our op | inion is based | solely | on the audit |\n|  | reports of the | other Chart | ered Accou | ntants. |  |  |\n| • | 18 blocks hav | e been certif | ied by mana | gement. In resp | ect of | these blocks, |\n|  | the Standalon | e Financial | Results inclu | de proportiona | te sha | re in assets as |\n|  | on March 31 | , 2025 amo | unting to R | s. 873.42 Cror | e and | revenue and |\n|  | profit/(loss) i | ncluding oth | er compreh | ensive income | for th | e year ended |\n|  | March 31, 2 | 025 amount | ing to Rs. | 4.84 Crore and | Rs. | (82.86) Crore |\n|  | respectively. | Our opinion | is based so | lely on such m | anage | ment certified |\n|  | accounts. |  |  |  |  |  |\n|  |  |  |  |  |  | Page 11 of 14 |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 31, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d2d2582202a1eebc", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah | Page: 32\n\n| J Gupta | & Co | LLP | Manubha | i & Shah LLP | V Sank | ar Aiyar & Co. |\n|---|---|---|---|---|---|---|\n| Chartered | Acc | ountants | Chartered | Accountants | Charte | red Accountants |\n| Laxmi Tr | ipti | & Associates | Talati & T | alati LLP |  |  |\n| Chartered | Acc | ountants | Chartered | Accountants |  |  |\n| iii. | The | consolidated financ | ial result | s also include | audited finan | cial statements / |\n|  | fina | ncial results / other | financia | l information, | in respect of | : |\n|  | • | 6 subsidiaries, wh | ose au | dited standalo | ne / conso | lidated financial |\n|  |  | statements / financ | ial result | s / other fina | ncial informa | tion reflect total |\n|  |  | assets of Rs. 3,93,7 | 53.15 cr | ores as at Mar | ch 31, 2025, | total revenues of |\n|  |  | Rs. 6,03,976.54 cror | es, total | Profit/(Loss) ( | Net) of Rs. 3, | 550.76 crores and |\n|  |  | total comprehensiv | e income | of Rs. 5,382 | .71 crores fo | r the year ended |\n|  |  | March 31, 2025. Th | ese finan | cial statement | s / financial | results have been |\n|  |  | audited by other au | ditors. |  |  |  |\n|  | • | 4 joint ventures, | whose a | udited standal | one / cons | olidated financial |\n|  |  | statements / fina | ncial res | ults / other | financial inf | ormation reflect |\n|  |  | Group's share of | net Pr | ofit/Loss of | Rs. 19.40 c | rores and total |\n|  |  | comprehensive inco | me of Rs | . 19.42 crores | for the year | ended March 31, |\n|  |  | 2025. These financi | al statem | ents / financia | l results hav | e been audited by |\n|  |  | other auditors. |  |  |  |  |\n|  | • | 1 Associate, whos | e audite | d consolidate | d financial | statements/other |\n|  |  | financial informati | on reflec | t Group's sha | re of net Pr | ofit/(Loss) of Rs. |\n|  |  | 496.59 Crore and to | tal comp | rehensive inco | me of Rs 49 | 5.93 Crore for the |\n|  |  | year ended March 3 | 1, 2025. | This financial | statements h | ave been audited |\n|  |  | by one of the Joint | auditors. |  |  |  |\n|  | The | reports on the au | dited sta | ndalone / con | solidated fin | ancial statements |\n|  | and | other financial info | rmation h | ave been furni | shed to us by | the Management |\n|  | of t | he Holding Compan | y and ou | r opinion on t | he Statemen | ts, in so far as it |\n|  | rela | tes to the amoun | ts and | disclosures in | cluded in r | espect of these |\n|  | sub | sidiaries, joint vent | ures and | associate is b | ased solely | on the reports of |\n|  | such | auditors and the p | rocedure | s performed b | y us as state | d under Auditor's |\n|  | Res | ponsibilities for the | audit o | f the Consolid | ated Financi | al Results section |\n|  | abo | ve. |  |  |  |  |\n|  | Our | opinion on the stat | ement is | not modified i | n respect of | the above matter |\n|  | with | respect to our re | liance o | n the work d | one and the | reports of such |\n|  | aud | itors. |  |  |  |  |\n|  |  |  |  |  |  | Page 12 of 14 |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 32, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "dc0e41100fd6e1f9", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah | Page: 33\n\n| J Gupta | & Co | LLP |  | Manubhai | & Sha | h LLP V | Sankar Aiya | r & Co. |\n|---|---|---|---|---|---|---|---|---|\n| Chartered | Acc | ountants |  | Chartered | Accoun | tants C | hartered Acc | ountants |\n| Laxmi Tr | ipti | & Associates |  | Talati & T | alati LL | P |  |  |\n| Chartered | Acc | ountants |  | Chartered | Accoun | tants |  |  |\n| iv. | The | consolidated | fin | ancial re | sult | also includes | unreviewed | financial |\n|  | stat | ements / financi | al i | nformatio | n, in | respect of: |  |  |\n|  | • | 1 controlled tr | ust | , whose | unaud | ited financial st | atements | / financial |\n|  |  | information refl | ect | total ass | et of R | s. 391.47 crores | as at Marc | h 31, 2025, |\n|  |  | total revenue is | NIL | , and tota | l Prof | it/(Loss) (net) of | Rs. 208.93 | crores and |\n|  |  | total comprehen | siv | e income | of Rs. | 208.93 crore for | the year e | nded March |\n|  |  | 31, 2025 which | ha | ve not be | en au | dited by their a | uditors. Th | is financial |\n|  |  | statements / fin | anc | ial inform | ation | is certified by th | e manage | ment of the |\n|  |  | respective entit | y. |  |  |  |  |  |\n|  | • | 1 Joint Venture | an | d 2 Associ | ates, | whose unaudited | financial | statements |\n|  |  | / financial infor | ma | tion refle | ct Gr | oup's share of to | tal Profit/( | Loss) (net) |\n|  |  | of Rs. (13.98) c | ror | es and a | total | comprehensive i | ncome of | Rs. (13.98) |\n|  |  | crores for the y | ear | ended M | arch 3 | 1, 2025, which h | ave not be | en audited |\n|  |  | by their audito | rs. | This fina | ncial | statements / fin | ancial info | rmation is |\n|  |  | certified by the | ma | nagement | of th | e respective enti | ty. |  |\n|  | Our | opinion on the | sta | tement is | not m | odified in respec | t of the ab | ove matter |\n|  | with | respect to our | reli | ance on t | he wo | rk done. |  |  |\n| v. | The | Consolidated Fi | nan | cial Resul | ts incl | udes the results | for the qu | arter ended |\n|  | Mar | ch 31, 2025 bei | ng | the balan | cing f | igures between t | he audited | figures in |\n|  | resp | ect of the full f | ina | ncial yea | r and | the published u | naudited y | ear to date |\n|  | figu | res up to the t | hir | d quarter | of th | e current financ | ial year, | which were |\n|  | subj | ect to limited | rev | iew, as re | quire | d under the Lis | ting Regul | ations. The |\n|  | pub | lished year to da | te | figures up | to th | e third quarter o | f the curre | nt financial |\n|  | year | have been re | stat | ed due t | o cor | rection of the | prior perio | d error as |\n|  | men | tioned in the no | te | 9. |  |  |  |  |\n|  |  |  |  |  |  |  |  | Page 13 of 14 |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 33, "section": "Amit \nDigitally signed \nby Amit Shah \nDate: 2025.05.21 \n19:35:55 +0530' \nShah", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "7b50774933ba4822", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: (CA Nancy Gupta) \n(CA K. B. Solanki) \n(CA Asha Patel) \nPartner \nPartner \nPartner \nM. No. 067953 \nM. No. 110299 \nM. No. 166048 \nUDIN: 25067953BMOZNF1197 \nUDIN: 25110299BMJOVG6893 \nUDIN: 25166048BMKNOK9005 \nLaxmi Tripti & Associates \nTalati & Talati LLP \nChartered Accountants \nChartered Accountants \nFirm Reg. No. 009189C \nFirm Reg. No. \n110758W/W100377 \nRajesh \nDigitally signed by \nRajesh Kumar \nAmit \nDigitally signed \nKumar \nGupta \nby Amit Shah \nDate:2025.05.21 \nGupta \n19:53:26 +05'30' \nShah \nDate:2025.05.21 \n19:53:49 +05'30' | Page: 34\n\n| J Gup | ta & | Co LLP | Manubha | i & Shah LLP | V Sankar Aiyar | & Co. |\n|---|---|---|---|---|---|---|\n| Chart | ered | Accountants | Chartered | Accountants | Chartered Accou | ntants |\n| Laxm | i Trip | ti & Associates | Talati & T | alati LLP |  |  |\n| Chart | ered | Accountants | Chartered | Accountants |  |  |\n|  | Our o | pinion on the Cons | olidated Fin | ancial Results for the | quarter and ye | ar ended |\n|  | Marc | h 31, 2025 is not m | odified in re | spect of this matter. |  |  |\n| J Gupta & | Co L | LP | Manubhai | & Shah LLP | V Sankar Aiyar | & Co. |\n| Chartered | Acc | ountants | Chartered | Accountants | Chartered Acc | ountants |\n| Firm Reg. NAN | No. CY | 314010E/E300029 Digitally signed by NANCY | Firm Reg. N 106041W/W Krishnak | o. 100136 an Digitally signed by Krishnakant | Firm Reg. No. PATEL ASHA JAYANTIBH | 109208W Digitally sign PATEL ASHA JAYANTIBHAI |\n| GUP | TA | GUPTA Date: 2025.05.21 19:52:21 +05'30' | t Balkrish Solanki | na Balkrishna Solanki Date: 2025.05.21 19:52:48+05'30' | Al | Date: 2025.05 19:53:07 +05' |\n| (CA Nancy | Gup | ta) | (CA K. B. S | olanki) | (CA Asha Patel | ) |\n| Partner |  |  | Partner |  | Partner |  |\n| M. No. 06 | 7953 |  | M. No. 110 | 299 | M. No. 166048 |  |\n| UDIN: 250 | 6795 | 3BMOZNF1197 | UDIN: 2511 | 0299BMJOVG6893 | UDIN: 2516604 | 8BMKNO |\n| Laxmi Trip | ti & | Associates | Talati & Ta | lati LLP |  |  |\n| Chartered | Acc | ountants | Chartered | Accountants |  |  |\n| Firm Reg. | No. | 009189C | Firm Reg. N | o. |  |  |\n|  |  |  | 110758W/W | 100377 |  |  |\n| Rajesh |  | Digitally signed by Rajesh Kumar |  | Digitally signed |  |  |\n| Kumar |  | Gupta | Amit | by Amit Shah |  |  |\n| Gupta |  | Date:2025.05.21 19:53:26 +05'30' | Shah | Date:2025.05.21 19:53:49 +05'30' |  |  |\n| (CA Rajesh | Ku | mar Gupta) | (CA Amit S | hah) |  |  |\n| Partner |  |  | Partner |  |  |  |\n| M. No. 07 | 7204 |  | M. No. 122 | 131 |  |  |\n| UDIN: 250 | 7720 | 4BMLMFF5311 | UDIN:2512 | 2131BMOZNM7131 |  |  |\n| Place: | New | Delhi |  |  |  |  |\n| Date: | May | 21, 2025 |  |  |  |  |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 34, "section": "(CA Nancy Gupta) \n(CA K. B. Solanki) \n(CA Asha Patel) \nPartner \nPartner \nPartner \nM. No. 067953 \nM. No. 110299 \nM. No. 166048 \nUDIN: 25067953BMOZNF1197 \nUDIN: 25110299BMJOVG6893 \nUDIN: 25166048BMKNOK9005 \nLaxmi Tripti & Associates \nTalati & Talati LLP \nChartered Accountants \nChartered Accountants \nFirm Reg. No. 009189C \nFirm Reg. No. \n110758W/W100377 \nRajesh \nDigitally signed by \nRajesh Kumar \nAmit \nDigitally signed \nKumar \nGupta \nby Amit Shah \nDate:2025.05.21 \nGupta \n19:53:26 +05'30' \nShah \nDate:2025.05.21 \n19:53:49 +05'30'", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "29a3b3908a8d9e65", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: (CA Nancy Gupta) \n(CA K. B. Solanki) \n(CA Asha Patel) \nPartner \nPartner \nPartner \nM. No. 067953 \nM. No. 110299 \nM. No. 166048 \nUDIN: 25067953BMOZNF1197 \nUDIN: 25110299BMJOVG6893 \nUDIN: 25166048BMKNOK9005 \nLaxmi Tripti & Associates \nTalati & Talati LLP \nChartered Accountants \nChartered Accountants \nFirm Reg. No. 009189C \nFirm Reg. No. \n110758W/W100377 \nRajesh \nDigitally signed by \nRajesh Kumar \nAmit \nDigitally signed \nKumar \nGupta \nby Amit Shah \nDate:2025.05.21 \nGupta \n19:53:26 +05'30' \nShah \nDate:2025.05.21 \n19:53:49 +05'30' | Page: 35\n\n| Financial results for Quarter Ended Year Ended Quarter Ended Year Ended Quarter Ended SI. No.ParticularsDecember 31, March 31, 2024^March 31, 2025March 31, 2025March 31, 2024^2024 AuditedUnauditedAuditedAuditedAudited IRevenue from operations170,811.73166,096.68172,137.07663,262.31653,170.77IIOther income2,976.892,411.093,366.5812,393.5712,030.70 |  |  |\n|---|---|---|\n| IIITotal income (I+II)173,788.62168,507.77175,503.65675,655.88665,201.47IVExpenses(a) Cost of materials consumed*53,753.0549,181.7447,847.25204,455.74177,522.91(b) Purchase of Stock-in-Trade57,457.7551,949.7465,165.19221,401.90234,072.28(c) Changes in inventories of finished goods, stock-in-trade and work-in progress(2,105.99)3,631.44(1,748.28)689.55(4,394.95)(d) Employee benefits expense**1,755.341,918.082,000.217,292.747,491.04(e) Statutory levies18,940.9019,172.7220,242.4079,614.8082,009.76(f) Exploration costs written off |  |  |\n| (i) Survey costs868.18463.97758.422,391.361,942.95(ii) Exploration well costs4,258.241,467.64828.157,605.433,867.63(g) Finance costs3,500.323,669.743,608.1214,534.9513,025.70(h) Depletion, depreciation, amortisation and impairment9,043.319,497.228,420.2735,205.9730,440.10(i) Other expenses13,799.6813,668.6113,820.0350,950.0848,276.13Total expenses (IV)161,270.78154,620.90160,941.76624,142.52594,253.55 12,517.8413,886.8714,561.8951,513.3670,947.92VProfit before share of profit/(loss) of associates and joint ventures, exceptional items and tax (III - IV)VI639.21(364.68)1,741.431,035.594,317.72Share of profit of associates & joint ventures13,157.0513,522.1916,303.3252,548.9575,265.64VIIProfit before exceptional items (V+VI)VIII(151.09) -(1,733.35)(151.09)(1,636.43)Exceptional items - Income/(expenses)IXProfit before tax (VII+VIII)13,005.9613,522.1914,569.9752,397.8673,629.21XTax expense |  |  |\n| (a) Current tax relating to:- current year4,430.014,201.143,357.2215,364.3315,230.19- earlier years(108.43)(17.39)(356.46)(124.90)(391.73)(b) Deferred tax(171.95)(445.20)473.18(1,170.16)3,517.60Total tax expense (X)4,149.633,738.553,473.9414,069.2718,356.06 XIProfit for the period (IX-X)8,856.339,783.6411,096.0338,328.5955,273.15XIIOther comprehensive income (OCI)A Items that will not be reclassified to profit or loss(a) Remeasurement of the defined benefit plans (750.50)(46.21)(417.99)(889.51)(577.81) - Deferred tax192.3011.69105.92227.47146.39(b) Equity instruments through other comprehensive income(2,125.43)(10,966.93)8,831.35(7,964.53)21,434.63 - Deferred tax243.581,279.26(794.99)182.76(1,883.11)(c) Share of other comprehensive income in associates and joint ventures, to the extent not to be reclassified to profit or loss(6.87)1.16(3.82)0.430.19 - Deferred tax- ---- |  |  |\n| B Items that will be reclassified to profit or loss(a) Exchange differences in translating the financial statement of foreign operation2,645.31181.37(256.21)3,010.18(1,574.07) - Deferred tax(920.65)(67.57)89.84(1,053.46)545.14(b) Effective portion of gains (losses) on hedging instruments in cash flow hedges89.5760.90(55.87)94.802.92 - Deferred tax(22.54)(15.33)14.07(23.86)(0.73)(c) Share of other comprehensive income in associates and joint ventures, to the extent to be reclassified to profit or loss(4.90)(59.78)48.09(72.46)31.88Total Other Comprehensive Income (XII)(660.13)(9,621.44)7,560.39(6,488.18)18,125.43Total Comprehensive Income for the period (XI+XII)XIII8,196.20162.2018,656.4231,840.4173,398.58 XIVProfit for the period attributable to:- Owners of the Company7,322.828,621.6910,031.7936,225.6149,143.93 |  |  |\n| - Non-controlling interests1,533.511,161.951,064.242,102.986,129.228,856.339,783.6411,096.0338,328.5955,273.15XVOther comprehensive income attributable to:- Owners of the Company(573.77)(9,383.65)7,368.28(6,407.73)17,777.17 |  |  |\n| - Non-controlling interests(86.36)(237.79)192.11(80.45)348.26(660.13)(9,621.44)7,560.39(6,488.18)18,125.43XVITotal comprehensive income attributable to:- Owners of the Company6,749.05(761.96)17,400.0729,817.8866,921.10 |  |  |\n| - Non-controlling interests1,447.15924.161,256.352,022.536,477.488,196.20162.2018,656.4231,840.4173,398.58XVII6,290.146,290.146,290.146,290.146,290.14#XVIIINet worth374,235.12372,393.98359,624.26374,235.12359,624.26$XIXPaid up Debt Capital / Outstanding Debt153,555.91138,927.48157,685.59153,555.91157,685.59XXOther Equity337,150.34336,892.78332,778.74337,150.34332,778.74XXICapital Redemption Reserve133.95133.95191.75133.95191.75XXIIDebenture Redemption Reserve27.1127.141,571.6627.111,571.66XXIII5.82 6.857.9728.8039.065.82 6.857.9728.8039.06#XXIVDebt Equity Ratio0.410.370.440.410.44#XXVDebt Service Coverage Ratio1.770.921.361.271.84 |  | Paid up Earnings (a) Basic (b) Dilut |\n| #XXVIInterest Service Coverage Ratio7.118.047.967.229.83#XXVIICurrent Ratio0.810.840.830.810.83#XXVIIILong Term Debt to Working Capital******28.40***28.40#XXIXBad debts to Account Receivable Ratio----0.01#XXXCurrent Liability Ratio0.430.410.440.430.44#XXXITotal Debts to Total Assets0.200.190.210.200.21#XXXIIDebtors Turnover7.557.667.8828.9330.02#XXXIIIInventory Turnover3.093.173.2211.7713.10#XXXIVOperating Margin (%)9.7510.3511.5710.1113.52#XXXVNet Profit Margin (%)5.185.896.455.788.46 * Represents consumption of raw materials and stores & spares. ** Employee benefits expense shown above is net of allocation to different activities. $ comprises non-current and current borrowings. |  |  |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 35, "section": "(CA Nancy Gupta) \n(CA K. B. Solanki) \n(CA Asha Patel) \nPartner \nPartner \nPartner \nM. No. 067953 \nM. No. 110299 \nM. No. 166048 \nUDIN: 25067953BMOZNF1197 \nUDIN: 25110299BMJOVG6893 \nUDIN: 25166048BMKNOK9005 \nLaxmi Tripti & Associates \nTalati & Talati LLP \nChartered Accountants \nChartered Accountants \nFirm Reg. No. 009189C \nFirm Reg. No. \n110758W/W100377 \nRajesh \nDigitally signed by \nRajesh Kumar \nAmit \nDigitally signed \nKumar \nGupta \nby Amit Shah \nDate:2025.05.21 \nGupta \n19:53:26 +05'30' \nShah \nDate:2025.05.21 \n19:53:49 +05'30'", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "625b1c1d032257a6", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: ailwAtgft \nT | Page: 36\n\n| Regd.Office: Plot No. 5A-5B, Nelson Mandela Road, Vasant Kunj, New Delhi, South West Delhi - 110070 Tel: 011-26754002, Fax: 011-26129091, E-mail: secretariat@ongc.co.in | onoc |\n|---|---|\n| STATEMENT OF CONSOLIDATED ASSETS & LIABILITIES AS AT MARCH 31, 2025 |  |\n| As at As at As at ParticularsApril 01, 2023^March 31, 2024^March 31, 2025AuditedAuditedAuditedI.ASSETS |  |\n| (1)Non-current assets(a) Property, plant and equipment (i) Oil and gas assets (a) Tangible 157,405.43144,996.69131,500.21 |  |\n| (b) Intangible 329.22362.90280.85 (ii) Other property, plant and equipment134,067.95126,992.77115,047.40 (iii) Right of Use Assets34,181.4734,407.3314,445.68(b) Capital work-in-progress (i) Oil and gas assets a) Development wells in progress4,047.339,010.139,725.99 |  |\n| b) Oil and gas facilities in progress39,269.0637,305.9634,410.87 c) Acquisition Cost21,634.9021,109.7322,203.24 (ii) Others22,085.5424,229.7129,337.49(c) Investment Property7.877.877.87(d) Goodwill (including Goodwill on Consolidation)12,762.4912,136.4412,033.41(e) Other intangible assets1,420.741,360.08980.94(f) Intangible assets under development |  |\n| (i) Exploratory wells in progress19,585.9318,456.3916,392.49 (ii) Acquisition cost-1,265.001,265.00 (iii) Intangible Oil and Gas Assets in progress5,695.764,219.242,559.27 (iv) Others40.7652.00293.64(g) Investments in Joint Ventures and Associates58,647.4654,036.4350,432.31(h) Financial assets (i) Other Investments33,717.4541,444.9320,032.56 (ii) Trade receivables2,379.232,535.482,622.49 |  |\n| (iii) Loans7,584.733,442.592,965.56 (iv) Deposit under site restoration fund30,848.7928,571.0426,751.16 (v) Finance lease receivables--- (vi) Others12,089.2310,519.078,800.00(i) Deferred tax assets (net)7,077.566,381.875,826.92(j) Non-current tax assets (net)14,676.3214,873.2514,254.50 |  |\n| (k) Other non-current assets4,371.364,060.293,838.65Total non-current assets623,926.58601,777.19526,008.50 |  |\n| (2)Current assets(a) Inventories58,956.3353,792.7845,962.39(b) Financial assets (i) Investments3,252.505,380.215,168.90 (ii) Trade receivables21,227.8019,704.1318,659.60 |  |\n| (iii) Cash and cash equivalents4,554.364,141.572,643.66 (iv) Other bank balances22,623.4037,690.2826,500.33 (v) Loans459.04420.07457.61 (vi) Others15,445.4312,413.099,243.85(c) Current Tax Assets (net)0.78-189.09(d) Other current assets8,263.796,600.237,885.97Total current assets134,783.43140,142.36116,711.40 |  |\n| Assets classified as held for sale13.1078.3953.83Total assets758,723.11741,997.94642,773.73 |  |\n| II.EQUITY AND LIABILITIES(1)Equity(a) Equity share capital6,290.146,290.146,290.14(b) Other equity337,150.34332,778.74278,255.24Equity attributable to owners of the Company343,440.48339,068.88284,545.38 |  |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 36, "section": "ailwAtgft \nT", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "e546e12af4f51085", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: CAP \nonoc > before the Hon'ble Delhi High Court seeking enforcement and execution of the Octob \nBGEPIL contend that GOI' s execution petition is not maintainable and have | Page: 42\n\n| DGH, vide their letters dated May 25, 2017 and June 04, 2018, marked to the Contractors, |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|\n| had directed the payment of differential Government of India share of Profit Petroleum and |  |  |  |  |  |  |\n|  | Royalty a | lleged to | be payable b | y Con | tractors pursuant to Government's interpretatio | n of the |\n| FPA (40% share of the Company amounting to US$ 1,624.05 million, including interest up |  |  |  |  |  |  |\n| 915 Crore as on March 31, 2025 (March 31, 2024: | to Novem | ber 30, 2 | 016) equival | ent to | Z 13, |  |\n|  | Z 13,538 | Crore). I | n response t | o the l | etters of DGH, the JV partners (with a copy ma | rked to |\n| all Joint Venture Partners) had stated that demand of DGH was premature as the FPA did |  |  |  |  |  |  |\n| not make any money award in favour of Government of India, since quantification of |  |  |  |  |  |  |\n| liabilities were to be determined during the final proceedings of the arbitration. Further the |  |  |  |  |  |  |\n| award had also been challenged before the English Commercial Court (London High Court). |  |  |  |  |  |  |\n| Based on the above facts, the Company had also responded to the letters of DGH stating that |  |  |  |  |  |  |\n| pending finality of the order, the amount due and payable by the Company was not |  |  |  |  |  |  |\n| quantifiable. In view of the Company, if any changes are approved for increase in the Cost |  |  |  |  |  |  |\n| Recovery Limit (CRL) by the Arbitral Tribunal as per the terms of the PSCs the liability to |  |  |  |  |  |  |\n| Government of India (GOI) would potentially reduce. |  |  |  |  |  |  |\n| The English Court has delivered its final verdict on May 02, 2018 following which the |  |  |  |  |  |  |\n| Arbitral Tribunal re-considered some of its earlier findings from the 2016 FPA (Revised |  |  |  |  |  |  |\n| Award). The GOI and JV Partners have challenged parts of the Revised Award before English |  |  |  |  |  |  |\n| Court. On February 12, 2020, the English Court passed a verdict favouring the challenges |  |  |  |  |  |  |\n| made by RIL & BGEPIL and also remitted the matter in the Revised Award back to Arbitral |  |  |  |  |  |  |\n| Tribunal for reconsideration. BGEPIL has informed that the Tribunal issued a verdict in |  |  |  |  |  |  |\n| January 2021, favouring RIL / BGEPIL on the remitted matter, which was challenged by the |  |  |  |  |  |  |\n| GOI before the English Court. The English Court delivered its verdict on June 09, 2022 |  |  |  |  |  |  |\n|  | dismissing | the GoI | 's challenge | s and | upholding the Revised Agreements Award. Th | e GOI |\n| filed an appeal against the English Court verdict of June 09, 2022 that was rejected by the |  |  |  |  |  |  |\n| English courts in August 2022. |  |  |  |  |  |  |\n| Based on the information shared by BGEPIL, the GOI has also filed an execution petition |  |  |  |  |  |  |\n| er 12, | before the | Hon'ble | Delhi High | Court | seeking enforcement and execution of the Octo | b |\n| 2016 FPA. RIL / |  | BG | EPIL conte | nd tha | t GOI' s execution petition is not maintainable an | d have |\n| opposed the reliefs sought by the GOI under the said petition. The hearings in the matter |  |  |  |  |  |  |\n| 04, 2022. The Delhi High Court | before the | Hon'ble | Delhi High | Court | concluded on August |  |\n| issued a judgment dated June 0 |  |  |  | 2, 202 | 3 that the Government's Execution Petition in | respect |\n| of the 2016 FPA is premature, not maintainable and stands dismissed. The Government has |  |  |  |  |  |  |\n| filed an appeal against this verdict before a division bench of the Delhi High Court that is |  |  |  |  |  |  |\n| presently pending for final hearing. |  |  |  |  |  |  |\n| In January 2018, the Company along with the JV partners had filed an application with MC |  |  |  |  |  |  |\n| for increase in Cost Recovery Limit (CRL) in terms of the PSCs. The application has been |  |  |  |  |  |  |\n| rejected by MC. Pursuant to the rejection, the JV partners have filed a claim with Arbitral |  |  |  |  |  |  |\n| 2 |  |  |  |  |  |  |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 42, "section": "CAP \nonoc", "subsection": "before the Hon'ble Delhi High Court seeking enforcement and execution of the Octob \nBGEPIL contend that GOI' s execution petition is not maintainable and have", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "0e89b9661dede5bb", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: CAP \nonoc > before the Hon'ble Delhi High Court seeking enforcement and execution of the Octob \nBGEPIL contend that GOI' s execution petition is not maintainable and have | Page: 43\n\n| Tribunal. One of the JV partners has further informed the Company that the hearing before |  |\n|---|---|\n| the Arbitral Tribunal in respect of the CRL increase applications filed by RIL & BGEPIL has |  |\n| been concluded in February 2023, and an award is presently expected by December 2025. |  |\n| DGH vide letter dated January 14, 2019 has advised to the contractors to re-cast the accounts |  |\n| for Panna-Mukta and Mid & South Tapti Fields for the year 2017-18. Pending finalization of |  |\n| the decision of the Arbitral Tribunal, the JV partners and the Company had indicated in their |  |\n| letters to DGH that the final recasting of the accounts was premature and thus the issues raised |  |\n| by DGH may be kept in abeyance. |  |\n| During the financial year 2010-11, the Oil Marketing Companies, nominees of the GOI |  |\n| recovered US$ 80.18 million (Share of the Company US$ 275 | 32.07 |\n| (March 31, 2024: Z 267 Crore) Crore as on March 31, 2025 | as per |\n| of Joint Operations Panna-Mukta and Tapti Production Sharing Contracts (PSCs). The |  |\n| recovery is towards certain observations raised by auditors appointed by DGH under the two |  |\n| PSCs for the period 2002-03 to 2005-06 in respect of cost and profit petroleum share payable |  |\n| to GOI. |  |\n| Pending finality by Arbitration Tribunal on various issues raised above, re-casting of the |  |\n| financial statements and final quantification of liabilities, no provision has been accounted in |  |\n| the financial statements. The demand raised by DGH, amounting to US$ 1,624.05 million |  |\n| equivalent to Z 13, (Mar 915 Crore as on March 31, 2025 | ch 31, |\n| been considered as contingent liability. |  |\n| The above disclosure is based on the information provided by BGEPIL a joint operator of |  |\n| PMT JV as ONGC has been advised by Govt. of India (MoP&NG) vide their letter dated July |  |\n| 04, 2011 not to participate in Arbitration initiated by RIL & BGEPIL under Panna-Mukta and |  |\n| Mid & South Tapti PSCs. However, in case of an arbitral award, same will be applicable to |  |\n| ONGC also as a constituent of the contractor for both the PSCs. |  |\n| 6. A. The Company had received demand orders from Service Tax Department at various work |  |\n| centres on account of Service Tax on Royalty in respect of Crude oil and Natural gas. |  |\n| Appeals against such orders have been filed before the Tribunals and the status are under: |  |\n| i.The Chennai Tribunal vide Order dated January 09, 2024 has set aside the demand of |  |\n| Service Tax on Royalty. |  |\n| ii.The Ahmedabad Tribunal adjourned the matter sine-die vide order dated June 25, 2019, |  |\n| against which the Company has filed writ petition before Honble Gujarat High Court. |  |\n| In this matter, Honble Gujarat High Court in the hearing held on January 04, 2021 |  |\n| directed the revenue authorities to file counter affidavit by January 21, 2021 which were |  |\n| 3 |  |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 43, "section": "CAP \nonoc", "subsection": "before the Hon'ble Delhi High Court seeking enforcement and execution of the Octob \nBGEPIL contend that GOI' s execution petition is not maintainable and have", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "585c92f31c97cbdd", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: CAP \nonoc > before the Hon'ble Delhi High Court seeking enforcement and execution of the Octob \nBGEPIL contend that GOI' s execution petition is not maintainable and have | Page: 45\n\n| decision in a similar matter by the Nine JudgesBench of Honble Supreme Court and |  |\n|---|---|\n| keeping in view the considerable time lapsed, the company reviewed the entire issue of |  |\n| disputed Service Tax and GST on royalty and decided to make provision towards these |  |\n| disputed taxes as a prudent and conservative practice in respect of the nominated fields, |  |\n| as per agreed terms in JV blocks where there are no disputes amongst the JV partners |  |\n| and to the extent of companys participating interest in the JV blocks where there are |  |\n| disputes amongst the JV partners. The Nine JudgesBench of the Honble Supreme |  |\n| Court has pronounced its decision on the said pending matter in a similar case vide its |  |\n| order dated July 25, 2024 and has, inter-alia, stated that royalty paid under Mines and |  |\n| Minerals (Development and Regulation) Act (MMDR Act) is not a tax. However, the |  |\n| nature of royalty being paid under Oilfields (Regulation and Development) Act (ORD |  |\n| Act) is to be decided by the Court separately as it has the distinct constitutional |  |\n| provision. |  |\n| Accordingly, the Company has made provision in the books to the extent of Z 7,119 | 1 |\n| Crore towards disputed ST/GST on Royalty (together with interest thereon) for the |  |\n| (Z 14,654 Crore till March 31, period from April 01, 2016 to March 31, 2025 | 2024). |\n| 2025 is Z The provision pertaining to the FY 2024-2,466 Crore. In respect of the liability |  |\n| towards ST/GST on royalty relating to JV blocks to the extent of the share of JV partners |  |\n| where there are disputes, the company is of the view that the Service Tax/GST, if |  |\n| applicable on royalty, will be required to be discharged by the JV partners in their |  |\n| respective share of participating interest in the JV blocks, even if ONGC is a licensee. |  |\n| This view of the company is duly backed by a legal opinion from the Additional |  |\n| Solicitor General of India (ASGI) in the context of the arbitration between the Company |  |\n| and JV Partners relating to Rajasthan JV where fresh arbitration has been recommended |  |\n| in view of the non-consideration of the terms and conditions of PSC which obligates |  |\n| the JV Partners to pay taxes including service tax and GST by the Arbitral Tribunal, |  |\n| London in its final award. |  |\n| Accordingly, the other JV partnersshare of disputed ST/GST on Royalty in JV blocks |  |\n| where there are disputes (including Rajasthan Block) together with interest up to March |  |\n| , amounting to Z Crore (Z 5,296 Crore till March 31, 2024) has no 31, 20253,290 | t been |\n| considered for provision and the same has been disclosed as contingent liability. |  |\n| The remaining disputed demand received by the Company in this respect towards |  |\n| penalty and other differences i.e. Z 1, (Z 1,872 Cr 960 Crore upto March 31, 2025 | ore till |\n| March 31, 2024) has also been disclosed as contingent liability. |  |\n| Considering the Income tax expertsopinion on the subject, the aforesaid amount |  |\n| deposited under protest has been claimed in the Income Tax return / in the ongoing |  |\n| assessment & appellate proceedings, as an allowable expenditure under section 37 read |  |\n| 5 |  |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 45, "section": "CAP \nonoc", "subsection": "before the Hon'ble Delhi High Court seeking enforcement and execution of the Octob \nBGEPIL contend that GOI' s execution petition is not maintainable and have", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "9a094d67af38bf00", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: CAP \nonoc > before the Hon'ble Delhi High Court seeking enforcement and execution of the Octob \nBGEPIL contend that GOI' s execution petition is not maintainable and have | Page: 46\n\n| with section 43B of the Income Tax Act, 1961 for the relevant earlier assessment years |  |  |  |  |\n|---|---|---|---|---|\n| and from FY 2023-24 onwards same has also been considered as an allowable |  |  |  |  |\n| expenditure while calculating the current tax. The Company has also created deferred |  |  |  |  |\n| 8 Crore in respect of the amounts yet to be deposited against | tax asset amou | nting to Z 10 |  |  |\n| the provision made for disputed taxes for the above periods. |  |  |  |  |\n| 7. | The Company purc | hased High | Speed Diesel (\"HSD\") from Oil Marketing Co | mpanies under |\n|  | ICB tender and pa | id Excise d | uty comprising of Basic Excise Duty (\"BED\" | ), Additional |\n|  | Excise Duty (\"AE | D\"), Special | Additional Excise Duty (\"SAED\"), Road and | Infrastructure |\n| Ces | s (\"RIC\"). The | Company ha | s applied for refund of these duties under the d | eemed export |\n|  | benefit of refund | of \"Termina | l Excise Duty\" (hereinafter referred to as \" | TED\") under |\n| Chapter 7 of the Foreign Trade Policy (2015-20) for period from July 01, 2017 to February |  |  |  |  |\n| 01, 2022 i.e upto the date when Customs Notification No. 50/2017 was revised to omit |  |  |  |  |\n| consumable fuel from List-33. |  |  |  |  |\n| Additional Director General of Foreign Trade (DGFT), Mumbai allowed TED refund |  |  |  |  |\n| applications only for the BED amount and disallowed the other duties of Excise. Based on |  |  |  |  |\n| legal opinion, the Company filed an appeal with DGFT, Delhi. |  |  |  |  |\n| Considering the legal position, as per the opinions of the learned counsels and the merits of |  |  |  |  |\n| the case, the company is of the view that the company is eligible for refund of other duties |  |  |  |  |\n| of excise. Hence, |  | Z 2,088 Cro | re as on March 31, 2025 (March 31, 2024: Z | 2,088 Crore) |\n| recoverable from Director General of Foreign Trade (DGFT), Government of India has been |  |  |  |  |\n| considered as good for recovery and disclosed as Advance/claims recoverable in financial |  |  |  |  |\n| statement. |  |  |  |  |\n| 8.The Company, pursuant to approval from Ministry of Petroleum & Natural Gas (MoP&NG) |  |  |  |  |\n| vide its letter dated August 9, 2024, has increased its equity shareholding in ONGC Petro |  |  |  |  |\n| additions Limited (OPaL) by 41.80% via conversion of a portion of Compulsory Convertible |  |  |  |  |\n| Debentures amounting to 6,107 crore into equity shares and conversion of share warrants |  | Z |  |  |\n| upon payment of balance amount of 86 crore. Consequently, on September 12, 2024, the |  |  | Z |  |\n| OPaL has been increased from 49.36% to 91.16%, thereby the | Company's shareh | olding in |  |  |\n| Company gaining control over OPaL and accordingly OPaL has been consolidated as a |  |  |  |  |\n| subsidiary of the Company in the year ended March 31, 2025. |  |  |  |  |\n| 6 |  |  |  |  |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 46, "section": "CAP \nonoc", "subsection": "before the Hon'ble Delhi High Court seeking enforcement and execution of the Octob \nBGEPIL contend that GOI' s execution petition is not maintainable and have", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "2f322b81f3baf26d", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: CAP \nonoc > before the Hon'ble Delhi High Court seeking enforcement and execution of the Octob \nBGEPIL contend that GOI' s execution petition is not maintainable and have | Page: 47\n\n| Being a common control acquisition, the accounting has been done as per Appendix C to |  |  |\n|---|---|---|\n|  | Ind AS 103 \"Business Combination\" as per the pooling of interest method unde | r which |\n| assets and liabilities of OPaL are reflected at the carrying amounts and no adjustments are |  |  |\n| made to reflect fair values, or recognize any new assets or liabilities. Further, restatement of |  |  |\n| previous year consolidated financial statements has been done as if the business combination |  |  |\n| had occurred from beginning of preceding period (April 1, 2023) in compliance with |  |  |\n|  | Appendix C to Ind AS 103 \"Business Combination\". The Company had originally | invested |\n| in OPaL via formation of Joint Venture (holding 49.36% ownership interest). The Company |  |  |\n| has gained control through subscription of additional equity shares of OPaL. Accordingly, |  |  |\n| the difference between the share capital of OPaL and the amount of purchase consideration |  |  |\n| (i.e., carrying value of equity interest), amounts to Nil as of April 1, 2023. The difference |  |  |\n| between the consideration paid, 10,556 crore (including carrying value of existing equity | Z |  |\n| interest) and the value of 91.16% stake of net identifiable assets acquired of OPaL ( 3,790 |  | Z |\n| crore) on the date of acquisition (i.e., September 12, 2024) amounts to 14,347 crore. | Z |  |\n| Further, during the year, the Company increased its equity shareholding by 4.53% (12,172 |  |  |\n|  | million equity shares of face value Z10 per share) in OPaL via settlement and conv | ersion of |\n| remaining portion of Compulsory Convertible Debentures amounting to 1,671 crore into | Z |  |\n| equity shares and allotment of 10,501 crore fully paid-up equity shares of face value of | Z | Z |\n| 10 each through subscription to right equity shares offered by OPaL. Pursuant to the |  |  |\n| aforementioned transactions, the Company's shareholding in OPaL has further increased |  |  |\n| from 91.16% to 95.69% as on March 31, 2025. |  |  |\n| 9.In accordance with Ind AS 8 'Accounting Policies, Changes in Accounting Estimates and |  |  |\n| Errors' and Ind AS 1 'Presentation of Financial Statements', the Group has retrospectively |  |  |\n| restated its Balance Sheet as at March 31, 2024 and April 1, 2023 (beginning of the preceding |  |  |\n| period) and Statement of Profit and Loss for the year ended March 31, 2024 for the reasons |  |  |\n| as stated below: |  |  |\n| a.Subsidiary company ONGC Videsh Limited (OVL) had acquired a 20% Participating |  |  |\n| Interest (PI) in the Joint Operations of Sakhalin-1 (S-1) Project, an Oil and Gas field located |  |  |\n| in the far-east offshore region of the Russian Federation, through a Production Sharing |  |  |\n| Agreement (PSA) executed in July 2001. OVL accounted for its share of PI (20%) in the |  |  |\n| said project on a proportionate consolidation basis in accordance with Ind AS 111 Joint |  |  |\n| Arrangements, considering the arrangement to be in the nature of a Joint Operation. On 7th |  |  |\n| October 2022, the President of the Russian Federation issued Presidential Decree, |  |  |\n| mandating the transfer of all rights and obligations of the S-1 Consortium under the PSA to |  |  |\n| a newly incorporated Russian limited liability Holding Company. Accordingly, a new |  |  |\n| entity, Sakhalin-1 Limited Liability Company (Sakhalin-1 LLC), was incorporated on 14th |  |  |\n| 7 |  |  |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 47, "section": "CAP \nonoc", "subsection": "before the Hon'ble Delhi High Court seeking enforcement and execution of the Octob \nBGEPIL contend that GOI' s execution petition is not maintainable and have", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "743e4982884769cf", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: CAP \nonoc > 's share in the existing accumulated | Page: 48\n\n| October 2022. The Government of the Russian Federation, through Resolution No. 1808 |  |  |\n|---|---|---|\n| dated 12th October 2022, permitted the OVL to take ownership of 20% shares in the charter |  |  |\n| capital of Sakhalin-1 LLC in proportion to its PI in the previous joint arrangement. The |  |  |\n| grant was conditioned with transfer of the OVL | 's share in the existing | accumulated |\n| abandonment fund relating to the S-1 project to Sakhalin-1 LLC. Given the significance of |  |  |\n| the transaction and non-availability of direct guidance under Ind AS, OVL sought guidance |  |  |\n| from the Expert Advisory Committee (EAC) of the Institute of Chartered Accountants of |  |  |\n| India (ICAI). The EAC, through Opinion No. 1866 dated 18th September 2024, agreed with |  |  |\n|  | the Company's assessment and opined that the new arrangement should be a | ccounted for |\n| as a Joint Venture. Further, EAC recommended, by drawing analogy to paragraph 25 of Ind |  |  |\n| AS 110 Consolidated Financial Statements, that the fair value of the investment in |  |  |\n| Sakhalin-1 LLC on the date of transition can be considered as the deemed cost for the |  |  |\n| purpose of applying Ind AS 28 Investments in Associates and Joint Ventures. The above |  |  |\n|  | being a change in the basis of measurement, the same is considered as | 'Change in |\n| OVL has restated its Financials to record the changes as per | Accounting Policy' and hence |  |\n| Ind AS 8. Accordingly, the Holding Company engaged a Registered Valuer to determine |  |  |\n| the fair value of its 20% stake in Sakhalin-1 LLC as on the transition date. As per the |  |  |\n| valuation report, the fair value of the investment is USD 1,759. | 04 million, eq | uivalent to Z |\n| 14,479 crore as on 14th October 2022. Based on the above, the Holding Company has |  |  |\n| revised its accounting treatment and restated the financial statements as follows: |  |  |\n| - Recognized the fair value of investment in Sakhalin-79 crore | 1 LLC amounting to Z | 14,4 |\n| (USD 1,759.04 million) as cost of Investment- Pending Proportionate Ownership Interest |  |  |\n| in Equity of Sakhalin-1 LLC. |  |  |\n| - Derecognized the carrying value of net assets relating to the Joint Operation amounting |  |  |\n| ,320 crore (USD 1,739.71 million) as on the transition date. | to Z 14 |  |\n| - R59 crore (USD 19.33 million) as a gain in the Statement | ecognized the difference of Z 1 |  |\n| of Profit and Loss on the transition date, now forming part of Retained earnings. |  |  |\n| b. In respect of subsidiary company ONGC Videsh Limited (OVL), the grant of a 20% equity |  |  |\n| interest in Sakhalin-1 LLC was subject to the condition that the OVL transfer its |  |  |\n| proportionate share in the accumulated abandonment fund to Sakhalin-1 LLC. In fulfilment |  |  |\n| of this condition, the Holding Company received its share of the fund from the Foreign |  |  |\n| Party Administrator on 5th and 6th April 2023. The funds were deposited into a special |  |  |\n| purpose bank account established with the prior approval of the Reserve Bank of India |  |  |\n| (RBI). |  |  |\n| 8 |  |  |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 48, "section": "CAP \nonoc", "subsection": "'s share in the existing accumulated", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "7273f1811eb91b06", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: CAP \nonoc > 's share in the existing accumulated | Page: 49\n\n| While OVL is actively pursuing the transfer of the abandonment fund to Sakhalin-1 LLC, |  |  |\n|---|---|---|\n| the remittance has been delayed due to prevailing restrictions on Russian banking channels. |  |  |\n| The Holding Company is engaged in discussions with the Government of the Russian |  |  |\n| Federation and Sakhalin-1 LLC to evaluate alternative mechanisms for effecting the |  |  |\n| required transfer. |  |  |\n| Given that the funds are held on behalf of Sakhalin-1 LLC (S-1 LLC), OVL had, in earlier |  |  |\n| financial statements, offset the related liability with the corresponding abandonment fund |  |  |\n| asset held in the designated bank account, including interest accrued thereon. Based on the |  |  |\n| substance of the arrangement, the liability was presented on a net basis under 'Other |  |  |\n| Financial Liabilities' in the Notes to Accounts. |  |  |\n| During the current financial year, OVL based on the opinion from Expert Advisory |  |  |\n| Committee (EAC) of the Institute of Chartered Accountants of India (ICAI) on the |  |  |\n| appropriateness of netting the liability for the abandonment fund against the asset held in |  |  |\n| the special purpose bank account, concluded that such set-off is not permissible. The asset |  |  |\n| and the corresponding liability should be presented on a gross basis. Further, the interest |  |  |\n| income accrued on the abandonment fund must be recognised in the Statement of Profit and |  |  |\n| Loss in accordance with the applicable provisions of Ind AS. |  |  |\n| Based on the EAC opinion, OVL has revised the presentation of the above items during the |  |  |\n| year as follows: |  |  |\n| -14 crore (USD 37.04 million) for the year ended 31st March 2025 | Interest income of Z 3 |  |\n| 73 crore (USD 32.83 million) for the year ended 31st March 2024 has been | and Z 2 |  |\n| recognized under Other Income, with an equivalent amount presented under Finance |  |  |\n| Costs as Interest Expense on Liability for transferring abandonment fund to S-1 LLC. |  |  |\n| -92 crore (USD 640.94 million) | The fund balance of Z 5,4 |  |\n| 5,133 crore (USD 615.81 million) as at 31st March 2024 has been disclosed under Other |  |  |\n| - | Bank Balances as \"Earmarked Deposits held on | behalf |\n| -Interest accrued as at year- | end is shown und | er Oth |\n| Interest on earmarked fund held on behalf of S-05 crore (USD | — | 1 LLC |\n| 23.95 million24 crore (USD 14.83 million) as at 31st | ) as at 31st March 2025 and Z 1 |  |\n| March 2024. |  |  |\n| -TDS deducted on such interest income is presented under Current Assets, amounting to |  |  |\n| crore 15 crore (USD 1.80 million) | Z 38 (USD 4.59 million) as at 31st March | 2025 a |\n| as at 31st March 2024. |  |  |\n| 9 |  |  |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 49, "section": "CAP \nonoc", "subsection": "'s share in the existing accumulated", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ac9bfc3b548de7f4", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: CAP \nonoc > 's share in the existing accumulated | Page: 50\n\n| -The total of the above three components (fund balance, accrued interest, and TDS) is |  |  |  |  |\n|---|---|---|---|---|\n|  | presented | under Other | Financial Liabilities as \"Liability for transferring | abandonment |\n| fund to S-36 crore (USD 669.48 million) as at 31st March |  | 1 LLC\", amo | unting to Z 5,7 |  |\n| ,272 crore (USD 632.44 million) as at 31st March 2024. | 2025 and | Z 5 |  |  |\n| c.During the year, subsidiary company ONGC Videsh Limited (OVL) has retrospectively |  |  |  |  |\n| c (USD 85.94 million) from Capital Work in Progress | apitalised | an amount of | Z 706 crore |  |\n| (CWIP) to Oil and Gas Assets, effective from FY 2022-23, which marks the completion of |  |  |  |  |\n| Phase II facilities in A-1 Myanmar project. This retrospective capitalisation has led to an |  |  |  |  |\n| increase in deple85 crore (USD 23.05 million) for FY 2022-79 |  | tion expe | nses of Z1 | 23 and Z1 |\n| crore (USD 21.68 million) for FY 2023-24. Accordingly, the related adjustments to opening |  |  |  |  |\n| retained earnings as at 01.04.2023 and profit in FY 2023-24 has been carried out. |  |  |  |  |\n| d.In respect of OVL, for the year ended 31 March 2025, the Group reassessed the |  |  |  |  |\n| classification of crude oil trading transactions undertaken by its subsidiary, ONGC Nile |  |  |  |  |\n| Ganga BV (ONGBV), with Falcon Oil and Gas BV (FOGBV), an associate holding a |  |  |  |  |\n| participating interest in the Lower Zakum Concession, UAE. These transactions were |  |  |  |  |\n| previously accounted for on a net basis, treating ONGBV as an agent, and a net income of |  |  |  |  |\n| 41 crore was recognised under 'Other Income' for the year ended 31 March 2024. Pursuant | Z |  |  |  |\n| to the reassessment, it has been determined that the transactions are in the nature of |  |  |  |  |\n| principal. Consequently, revenue and corresponding purchase costs are now presented on a |  |  |  |  |\n| gross basis, in compliance with the disclosure requirements of Schedule III. |  |  |  |  |\n| e. | OVL' s inv | estment in ON | GC Mittal Energy Limited (OMEL), a joint venture, | has been fully |\n| impaired in the standalone financial statements in accordance with the requirements of Ind |  |  |  |  |\n| AS 36 Impairment of Assets. A similar treatment had previously been applied in the |  |  |  |  |\n| consolidated financial statements. During the current year, it was reassessed that, in |  |  |  |  |\n| accordance with Ind AS 28 Investments in Associates and Joint Ventures, the OVL Group |  |  |  |  |\n| accounts for its investment in OMEL using the equity method at the consolidated level. |  |  |  |  |\n|  | Under the | equity method, | the Group's share of OMEL' s losses is recognised | to the extent |\n| of its interest in the joint venture, with such losses being adjusted against the carrying |  |  |  |  |\n|  | amount of | the investmen | t. As per paragraph 39 of Ind AS 28, once the Gro | up's share of |\n| losses equals or exceeds its interest in the joint venture, further recognition of losses is |  |  |  |  |\n| discontinued unless the Group has incurred legal or constructive obligations or has made |  |  |  |  |\n| payments on behalf of the joint venture. |  |  |  |  |\n| As the Group has neither incurred any such obligations nor made any payments on behalf |  |  |  |  |\n| of OMEL, no additional liability has been recognised. Accordingly, the carrying amount of |  |  |  |  |\n| the investment in OMEL remains nil. |  |  |  |  |\n| 10 |  |  |  |  |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 50, "section": "CAP \nonoc", "subsection": "'s share in the existing accumulated", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "84e53ef2d3c8aead", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: CAP \nonoc > JSC Vankorneft: | Page: 55\n\n| For the year ended March 31, 2024 |  |\n|---|---|\n| As previously reported Restatement As Restated Particulars (adjusted with the figures of | Earnings |\n| OPaL as per Business each) Combination under Common Control) |  |\n| 39.18 (0.12) 39.06 | Basic (Z) |\n| 39.18 (0.12) 39.06 | Diluted ( |\n| 10.In respect of subsidiary ONGC Videsh Limited (OVL), the OVL Group has considered |  |\n| possible effects resulting from the special operations carried out by Russia in Ukraine, |  |\n| various sanctions imposed on Russia by several countries and the Russian Government's |  |\n| decrees in relation to Sakhalin-1 project. OVL Group has assessed the impact of these events |  |\n| on its operations/assets in Russia namely Sakhalin-1 (Joint arrangement 20% Stake), JSC |  |\n| Vankorneft (Associate 26% Stake) and Imperial Energy (Wholly owned subsidiary) as |  |\n| follows: |  |\n| Sakhalin-1: |  |\n| Refer note no. 9 a and b |  |\n| OVL has not received the financial statements of Sakhalin-1 LLC for the period from 1 |  |\n| January 2023 to 31 March 2025. Limited information regarding field operations, production |  |\n| summary, wells summary, drilling, and crude transportation operations has been received |  |\n| till 31 March 2025. Based on the limited information, the Company has estimated the |  |\n| profitability of Sakhalin-1 LLC for FY'25. The estimate indicates operating profit for the |  |\n| period. Considering, Conceptual Framework for Financial Reporting under Ind AS |  |\n| regarding recognition of asset or liability and any resulting income or expense, the estimate |  |\n| is subject to high measurement uncertainty. Therefore, the estimated share of profit has not |  |\n| been accounted for by the Company. |  |\n| JSC Vankorneft: |  |\n| In case of JSC Vankorneft, production from the field continues as per the Business Plan. The |  |\n| project being an equity-accounted entity, the OVL Group is entitled to dividends. Dividends |  |\n| for financial year 2024-25 have been received. Dividends (including interest thereon) from |  |\n| SC J (Ruble 28.12 billion) are lying in Company's | Vank |\n| bank accounts in Moscow, Russia. Repatriation of the said dividends received is presently |  |\n| 15 |  |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 55, "section": "CAP \nonoc", "subsection": "JSC Vankorneft:", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "c4aa4f52321b7cb9", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: CAP \nonoc > Imperial Energy: | Page: 56\n\n| subject to restrictions as at 31 March, 2025. As such, the amount is available for use by the |  |  |\n|---|---|---|\n| Group only in the country and currency of receipt. |  |  |\n| Imperial Energy: |  |  |\n| Imperial Energy's operations are continuing as per the Business Plan except for the pri | ce | of |\n| crude oil sales being affected due to prevailing discounts. |  |  |\n| 11.The OVL Group assesses impairment loss on trade receivables on the basis of facts and |  |  |\n| circumstances relevant to each customer and has assessed its trade receivables for expected |  |  |\n| credit loss (ECL) including dues from Govt of Sudan (GoS) following general model for |  |  |\n| assessing lifetime ECL, under which recoverability of such receivables is estimated and |  |  |\n| expected cash flows are discounted by applying risk adjusted weighted average cost of |  |  |\n| borrowing. These trade receivables have become overdue and therefore effectively |  |  |\n| incorporate a significant financing component. |  |  |\n| In respect of these receivables, the OVL Group had initiated arbitration proceedings against |  |  |\n| the GoS for the recovery of the outstanding dues both under Exploration and Production |  |  |\n| Sharing Agreement (EPSA) and Sale & Purchase Agreement (SPA). On 26 January 2023, |  |  |\n| the Arbitral Tribunal has awarded in favour of OVL in SPA arbitration case. By the Award, |  |  |\n| the Tribunal has granted the full Principal Amount (USD 90.93 million) along with the legal |  |  |\n| cost in favour of the Company. Further, as per the agreed recovery mechanism, the Group is |  |  |\n| withholding USD 4 per barrel of crude oil transported from South Sudan to Sudan port |  |  |\n| though GoS pipeline and the same is considered as recovery for calculation of Expected |  |  |\n| Credit Loss. Considering the arbitration award in SPA case, legal advice on a strong |  |  |\n| likelihood of Company receiving arbitration decision in its favour for EPSA case and the |  |  |\n| existing recovery mechanism by withholding pipeline tariff, the Management is of view that |  |  |\n| the full amount due from GoS is recoverable. |  |  |\n| bles from GoS amounting to Z 3,0 5 crore (previous year Z Accordingly, trade receiva278 | 30 |  |\n| and an impairment loss of crore) have been assessed for lifetime expected credit loss | Z | 87 |\n| year Z crore (previous 50 crore) has been charged in the statement of profit and loss. The |  |  |\n| stands at Z 6 crore (previous y total outstanding provision against these receivables 45 | ea | r Z |\n| 542 crore). |  |  |\n| 12.In respect of subsidiary ONGC Videsh Limited (OVL), for the year ended 31 March 2025, |  |  |\n| ONGC Videsh Rovuma Limited (OVRL), a wholly owned subsidiary, incurred a net loss of |  |  |\n| Z 1,3 crore (31 March 2024: Z 2,5 37 91 crore), which includes an impairment loss of | Z | 13 |\n| 16 |  |  |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 56, "section": "CAP \nonoc", "subsection": "Imperial Energy:", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "3662b5903ee66530", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: CAP \nonoc > Imperial Energy: | Page: 57\n\n| crore 95 crore), recognised in accordance with the requirements of | (31 March 2024: | Z 1,6 |\n|---|---|---|\n| Ind AS 36. |  |  |\n| ONGC Videsh Limited has continued to extend financial support to OVRL, including |  |  |\n| funding of cash calls, ongoing investments, and operational expenditures related to the Area |  |  |\n| 1 Mozambique Project. The project remains in the development phase. Given the improving |  |  |\n| security situation and expected commencement of production in 2028, there is no material |  |  |\n|  | uncertainty regarding O | VRL's abil |\n| Accordingly, the financial statements have been prepared on a going concern basis. |  |  |\n| 13.In respect of subsidiary OVL, in case of Area 1, Mozambique, in which the OVL Group |  |  |\n| holds a 16% Participating Interest through its subsidiaries ONGC Videsh Rovuma Ltd |  |  |\n| (OVRL) and Beas Rovuma Energy Mozambique Ltd (BREML), the project operator |  |  |\n| declared a force majeure event in April 2021 due to prevailing security threats. |  |  |\n| As a result of the declaration of force majeure, the capitalisation of borrowing costs in |  |  |\n| accordance with Ind AS 23 Borrowing Costs, has been suspended with effect from April |  |  |\n| 2021. Accordingly, for the year ended 31 March 2025, borrowing cos 1,182 |  |  |\n| 1,177 crore), along with stand- 566 crore (31 | crore (31 March 2024: | Z |\n| 34 crore), have been recognised as expense in the Statement of Profit and | March 2024: ZS |  |\n| Loss. |  |  |\n| The cumulative borrowing costs and stand-by expenditures charged to the Statement of |  |  |\n| Profit and Loss up ,349 2,163 crore , respectively. | to 31 | March 202 |\n| 14.In respect of subsidiary ONGC Videsh Limited (OVL), other Financial assets include |  |  |\n| receivables of ONGC San Cristobal BV from its associate Petrolera Indovenezolana SA |  |  |\n| (PIVSA) on account of outstanding div92 crore (as at 31 |  |  |\n| 68 crore). As per the existing contractual arrangements, the realization of | March 2024: Z 4,4 |  |\n| these dividends is directly dependent upon realization of underlying trade receivables |  |  |\n| outstanding in PIVSA financials. Due to ongoing US Sanctions in Venezuela, the underlying |  |  |\n| trade receivables in PIVSA (associate entity) have been provided in the books of the |  |  |\n| associate entity by applying lifetime expected credit loss method. The total outstanding |  |  |\n| ,998 crore (USD 233.19 million) till date. | provision against these | receivables |\n| The credit loss assessment is based on management's estimation and involves significant |  |  |\n| uncertainty on account of geopolitical issues in Venezuela. |  |  |\n| 15.In respect of subsidiary ONGC Videsh Limited (OVL), the Group's exploration and |  |  |\n| production activities in Sudan cease to exist with effect from August 31, 2019 owing to early |  |  |\n| 17 |  |  |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 57, "section": "CAP \nonoc", "subsection": "Imperial Energy:", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "11aa1fa5780fb154", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: Amit \nShah > (CA Rajesh Gupta) \n (CA Amit Shah) \n  \nPartner (M. No. 077204) \n Partner (M. No. 122131) \n  \n \n \n Place:  New Delhi \n Date:   May 21, 2025 | Page: 59\n\n| 18.The Board of Directors in its meeting held on May 21, 2025 has recommended a final |  |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|\n| 1.25 per share (25%), which works out to 1,573 crore, over and above the | dividend of |  |  |  |  |  |  |\n| first interim second |  | dividend | of 6 per s | hare (120 %) d | eclared on November 11, | 2024 and |  |\n| interim dividend of 5 per share (100 %) declared on January 31, 2025. |  |  |  |  |  |  |  |\n| 19. | Previous pe | riod's fig | ures have b | een regrouped | by the Company, where | ver necessar | y, to |\n| conform to current perio |  |  | d's grou | ping. |  |  |  |\n| By order of the Board |  |  |  |  |  |  |  |\n|  |  |  |  |  | VIVEK | at. |  |\n|  |  |  |  |  | TON GAON K | A R |  |\n| (Vivek C Tongaonkar) |  |  |  |  |  |  |  |\n| Director (Finance) / Whole-time Director |  |  |  |  |  |  |  |\n| (DIN: 10143854) |  |  |  |  |  |  |  |\n| In terms of our report of even date attached |  |  |  |  |  |  |  |\n| For J Gupta & Co. LLP For Manubhai & Shah LLP For V Sankar Aiyar & Co. |  |  |  |  |  |  |  |\n| Chartered Accountants Chartered Accountants Chartered Accountants |  |  |  |  |  |  |  |\n| Firm Reg. No. 314010E/E300029 Firm Reg. No: 106041W/W100136 Firm Reg. No.109208W |  |  |  |  |  |  |  |\n|  | cy N A N Di by | gitally signe NANCY GU | d PTA | Krishnakant Balkrishna | Digitally signed by Krishnakant Balkrishna Solanki | PATEL AS HA JAYANTIBH | Digitally sign PATEL ASHA JAYANTIBHAI |\n|  | GUPTA D1 9a | t4e2: 200 72 +50.0 5S3. | 2 01. | Solanki | Date: 2025.05.21 19:42:37 +05'30' | Al | Date: 2025.05 19:43:02 +05 |\n| (CA Nancy Gupta) (CA K. B. Solanki) (CA Asha Patel) |  |  |  |  |  |  |  |\n| Partner (M. No. 067953) Partner (M. No. 110299) Partner (M. No. 166048) |  |  |  |  |  |  |  |\n| For Laxmi Tripti & Associates For Talati & Talati LLP |  |  |  |  |  |  |  |\n| Chartered Accountants Chartered Accountants |  |  |  |  |  |  |  |\n| Firm Reg. No. 009189C Firm Reg. No. 110758W/W100377 |  |  |  |  |  |  |  |\n|  | Rajesh Digita Rajes | lly signed by h Kumar Gupta |  | Amit | Digitally signed by Amit Shah |  |  |\n|  | Kumar Date: Gupta 19:43: | 2025.05.21 20 +0530' |  | Shah | Date: 2025.05.21 19:43:48 +0530' |  |  |\n| (CA Rajesh Gupta) (CA Amit Shah) |  |  |  |  |  |  |  |\n| Partner (M. No. 077204) Partner (M. No. 122131) |  |  |  |  |  |  |  |\n| Place: New Delhi |  |  |  |  |  |  |  |\n| Date: May 21, 2025 |  |  |  |  |  |  |  |\n| 19 |  |  |  |  |  |  |  |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 59, "section": "Amit \nShah", "subsection": "(CA Rajesh Gupta) \n (CA Amit Shah) \n  \nPartner (M. No. 077204) \n Partner (M. No. 122131) \n  \n \n \n Place:  New Delhi \n Date:   May 21, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "10a830789f63c687", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: f4.4A/0,74 > (Yogish Nayak S) \nGGM(FA&)-Chief Corporate \nFinance | Page: 60\n\n| 3ftum | Aeft |  | OIL AND NATUR | AL GAS | CORPORATION L | IMITED |\n|---|---|---|---|---|---|---|\n|  | Re | gd.Offic | CIN No e : Plot No. 5A- 5B, | . L74899D Nelson M | L1993G01054155 andela Road, Vasa | nt Kunj, N |\n| q on | P I oc | Tel: 01 | Sou 1-26754002, Fax: 0 | th West D 11-261290 | elhi - 110070 91, E-mail: secretari | at@ongc. |\n| Other In | formation - I | ntegrate | d Filing (Financia | l) for the q | uarter and year e | nded Mar |\n| n accord | ance with the | SEBI circu | lar no. SEBI/HO/CF | D/CFD-PoD | -2/CIR/P/2024/185 dat | ed Decem |\n| Sl.no. | Particulars |  |  |  |  | Remarks |\n| B. | Statement o | n devia | tion or variatio | n for pro | ceeds of public | Not App |\n|  | issue, right | issue, | preferential iss | ue, qual | ified institutions |  |\n|  | placement | etc. |  |  |  |  |\n| C. | Disclosure of | outstan | ding default on | loan and | debt securities | No defa |\n|  |  |  |  |  |  | Not App |\n| D. | Format for d | isclosure | of related part | y transac | tion (applicable | Being fil |\n|  | only for half | yearly fil | ings i.e. 2nd and | 4th quarte | r) | format. |\n| E. | Statement o | n impa | ct of audit quali | fications | (for audit report | Not App |\n|  | with modifie | d opinio | n) submitted al | ong with | annual audited |  |\n|  | financial res | ults - (S | tandalone and | Consolid | ated separately) |  |\n|  | (applicable | only for | annual filing i.e. | 4th quarte | r) |  |\n|  |  |  |  |  | f4. | 4A/0,74 |\n| Place : | New Delhi |  |  |  | (Yogis | h Nayak |\n| Date : | May 21, 202 | 5 |  |  | GGM(FA&) | -Chief C |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 60, "section": "f4.4A/0,74", "subsection": "(Yogish Nayak S) \nGGM(FA&)-Chief Corporate \nFinance", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "8d291cb2c8b97fb9", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: COMPANY SECRETARIAT | Page: 62\n\n| ONGC/CS/SE/2025-26 |  |  |  |  | 03.04.2025 |\n|---|---|---|---|---|---|\n| BSE Limited |  |  |  |  |  |\n| Corporate Relationship D | epartm | ent |  |  |  |\n| Phiroze Jeejeebhoy Tow | ers, Da | lal Street, |  |  |  |\n| Fort Mumbai-400001 |  |  |  |  |  |\n| BSE Security Code Equit | y: 500 | 312 |  |  |  |\n| NCDs: 959844, 959881 |  |  |  |  |  |\n| Subject: Disclosure u | nder R | egulation 52(7 | ) and 52 (7A) of the SEBI | (LODR) Regulat | ions, 2015 for |\n| the quarter e | nded 3 | 1.03.2025 |  |  |  |\n| Madam/ Sir, |  |  |  |  |  |\n| In terms of Regulation | 52(7) | and 52(7A) of | SEBI (Listing Obligations | and Disclosure | Requirements) |\n| Regulation, 2015 read | with S | EBI Circular S | EBI/HO/DDHS/DDHS_Div1/ | P/CIR/2022/0000 | 000103 dated |\n| 29.07.2022, it is hereby i | nforme | d that the Comp | any had issued four series | of NCDs aggreg | ating to 24,140 |\n| Crore during FY 2020-21 | (outst | anding amount | as on 31.12.2024 was 21,5 | 00 Crore) for wh | ich funds were |\n| fully utilised for the intend | ed pur | pose during the | same year. Statements of \" | NIL\" deviation we | re also filed on |\n| 13th November 2020 and | 24th Ju | ne, 2021. |  |  |  |\n| Accordingly, Statement o | f devia | tion is not being | submitted for the Quarter e | nded 31.03.2025. |  |\n| This is for your informatio | n and | records, please. |  |  |  |\n| Thanking You, |  |  |  |  |  |\n| Yours Sincerely, |  |  |  |  |  |\n| For Oil and Natural Gas C | orpor | ation Ltd. |  |  |  |\n| Rajni Kant |  |  |  |  |  |\n| (Rajni Kant) |  |  |  |  |  |\n| Company Secretary & Co | mplian | ce Officer |  |  |  |\n| Regd. Office: Plo | t No 5 | A-5B, Nelson | Mandela Marg, Vasant K | unj, New Delhi- | 110070 |\n| Phone: 011-2675 | 4073, | 011-2675 4085 | EPABX : 2675 0111, 26290 | 00 FAX : 011-26 | 129081 |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 62, "section": "COMPANY SECRETARIAT", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "67c444199ef77292", "content": "[TABLE] Company: ONGC | Year: FY2025 | Section: COMPANY SECRETARIAT | Page: 63\n\n| ONGC/CS/SE/2025-26 |  |\n|---|---|\n| BSE Limited |  |\n| Corporate Relationship Department |  |\n| Phiroze Jeejeebhoy Towers, Dalal Stre | et, |\n| Fort Mumbai- 400001 |  |\n| BSE Security Code Equity: 500312 |  |\n| NCDs: 959844, 959881 |  |\n| Subject: Security Cover under | Regulation |\n| Requirements) Regulatio | ns, 2015 fo |\n| Madam/ Sir, |  |\n| In terms of Regulation 54(2) and 54(3) o | f SEBI (List |\n| 2015, it is informed that there was no o | utstanding S |\n| Accordingly, Security Cover Certificate | is not requir |\n| This is for your information and record, | please. |\n| Thanking You, |  |\n| Yours Sincerely, |  |\n| For Oil and Natural Gas Corporation Lt Rajni Digitally signed by Rajni Kant | d. |\n| Kant Date:2025.04.03 1104:24 +05'30' (Rajni Kant) |  |\n| Company Secretary & Compliance Offi | cer |\n| Regd. Office: Plot No 5A-5B, | Nelson Ma |\n| Phone: 011-2675 4073, 011-26 | 75 4085 EP |\n| CIN: L74899DL1993G01054155 | Website: w |", "company": "ONGC", "ticker": "ONGC", "source_file": "ONGC.pdf", "fiscal_year": "FY2025", "page_number": 63, "section": "COMPANY SECRETARIAT", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ed1b6df905721bac", "content": "National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (East) Mumbai 400 051 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001 Scrip Code: 500325 Trading Symbol: RELIANCE Dear Sirs, Sub:  Disclosure under Regulation 30 and other applicable regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’): Outcome of the Board meeting In continuation of our letter dated April 18, 2025, we wish to inform you that the Board of Directors of the Company, at its meeting held today, has inter alia: i. approved the Audited Financial Statements (Consolidated and Standalone) for the financial year ended March 31, 2025 and the Audited Financial Results (Consolidated and Standalone) for the quarter / year ended March 31, 2025, as recommended by the Audit Committee; ii. approved raising of funds through issuance of listed, secured / unsecured, redeemable non-convertible debentures up to Rs. 25,000 crore (Rupees Twenty Five Thousand Crore only), in one or more tranches, on private placement basis; and iii. recommended a dividend of Rs. 5.50 per equity share of Rs. 10/- each for the financial year ended March 31, 2025. Pursuant to Regulation 33 and other applicable regulations of the Listing Regulations, we enclose the following: i. Audited Financial Results (Consolidated and Standalone) for the quarter / year", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Introduction", "subsection": "List of Subsidiaries:", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "370712aef57cdf54"}, {"chunk_id": "a90f6b08aeb39545", "content": "Pursuant to Regulation 33 and other applicable regulations of the Listing Regulations, we enclose the following: i. Audited Financial Results (Consolidated and Standalone) for the quarter / year ended March 31, 2025; and ii. Auditors’ Reports with unmodified opinions on the aforesaid Audited Financial Results (Consolidated and Standalone). The meeting of the Board of Directors commenced at 5:00 p.m. and discussions on the above agenda items concluded at 7:25 p.m. The Board Meeting is continuing for consideration of other agenda items. Regd. Office: 3rd Floor, Maker Chambers IV, 222, Nariman Point, Mumbai- 400 021, India Phone #: +91-22-3555 5000, Telefax: +91-22-2204 2268. E-mail: investor.relations@ril.com, Website: www.ril.com We shall inform you in due course the date on which the Company will hold its Annual General Meeting for the financial year ended March 31, 2025 and the date from which dividend, if approved by the shareholders, will be paid. This is for information and records. Thanking you Yours faithfully, For Reliance Industries Limited Savithri Parekh Company Secretary and Compliance Officer Encl.: as above Copy to: Luxembourg Stock Exchange 35A Boulevard Joseph II L-1840 Luxembourg Digitally signed by SAVITHRI PAREKH Date: 2025.04.25 19:48:35 +05'30' Singapore Exchange Limited 4 Shenton Way, #02-01 SGX Centre 2, Singapore 068807 Regd. Office: 3rd Floor, Maker Chambers IV, 222, Nariman Point, Mumbai- 400 021, India", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Introduction", "subsection": "List of Subsidiaries:", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "370712aef57cdf54"}, {"chunk_id": "eb3c6af9e967a36a", "content": "by SAVITHRI PAREKH Date: 2025.04.25 19:48:35 +05'30' Singapore Exchange Limited 4 Shenton Way, #02-01 SGX Centre 2, Singapore 068807 Regd. Office: 3rd Floor, Maker Chambers IV, 222, Nariman Point, Mumbai- 400 021, India Phone #: +91-22-3555 5000, Telefax: +91-22-2204 2268. E-mail: investor.relations@ril.com, Website: www.ril.com Deloitte Haskins & Sells LLP Chartered Accountants One International Center Tower 3, 31 st Floor Senapati Bapat Marg Elphinstone Road (West) Mumbai - 400013 Maharashtra, India Chaturvedi & Shah LLP Chartered Accountants 912, Tulsiani Chambers 212, Nariman Point Mumbai - 400021 Maharashtra, India Independent Auditor's Report on Audit of the Annual Consolidated Financial Results of Reliance Industries Limited (\"the Parent\") pursuant to the requirements of Regulations 33 and 52 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation 2015, as amended To the Board of Directors of Reliance Industries Limited We have audited the Consolidated Financial Results for the year ended 31 st March, 2025 included in the accompanying \"Statement of Consolidated Financial Results for the Quarter and Year ended 31 st March, 2025 (refer paragraph 3 of 'Other Matters' section below) of Reliance Industries Limited (\"the Parent\"), which includes joint operations and its subsidiaries (the Parent and its subsidiaries together referred to as \"the Group\"), and its share of the net profit/(loss) after tax and", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Introduction", "subsection": "List of Subsidiaries:", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "370712aef57cdf54"}, {"chunk_id": "0cfee84123dda671", "content": "Limited (\"the Parent\"), which includes joint operations and its subsidiaries (the Parent and its subsidiaries together referred to as \"the Group\"), and its share of the net profit/(loss) after tax and other comprehensive income/(loss) of its associates and joint ventures for the year ended 31 st March, 2025 (the \"Statement\"), being submitted by the Parent pursuant to the requirements of Regulations 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the \"LODR Regulations\"). In our opinion and to the best of our information and according to the explanations given to us, and based on the consideration of the audit reports of the other auditors on standalone/ consolidated financial statements/ financial results/ financial information of suhsidiaries, associates and joint ventures referred to in Other Matters section below, the Consolidated Financial Results for the year endeci 11 st March, ?.0?.5: (i) includes the financial results of the following entities: List of Subsidiaries: 7-India Convenience Retail Limited; Aaidea Solutions Limited; Accops Systems FZ-LLC; Accops Systems Private Limited; Actoscrba Active Wholesale Limited; Addverb Technologies BY; Addverb Technologies Limited; Addverb Technologies Pte Limited; Addverb Technologies Pty Limited; Addverb Technologies USA Inc.; Adventure", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Introduction", "subsection": "List of Subsidiaries:", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "370712aef57cdf54"}, {"chunk_id": "6d35ded638b0672e", "content": "Technologies BY; Addverb Technologies Limited; Addverb Technologies Pte Limited; Addverb Technologies Pty Limited; Addverb Technologies USA Inc.; Adventure Marketing Private Limited; AETN18 Media Private Limited; Amante Exports (Private) Limited; Amante India Limited; Amante Lanka (Private) Limited; Asteria Aerospace Limited; Bhadohi DEN Entertainment Private Limited#; Bismi Connect Limited; Bismi Hypermart Limited; CAA Brands Reliance Private Limited (formerly known as CAA- Global Drands Reliance Private Limited); Catwalk Worldwide Limited; Channels India Network Private Limited; Chennai Cable Vision Network Private Limited; Colorful Media Private Limited; Colosceum Media Private Limited; Columbus Centre Corporation", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Introduction", "subsection": "List of Subsidiaries:", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "370712aef57cdf54"}, {"chunk_id": "9a6d346fcc3a86d2", "content": "(Cayman); Columbus Centre Holding Company LLC; Cover Story Clothing Limited; Cover Story Clothing UK Limited; Crystalline Silica And Mining Limited; C-Square Info- Solutions Limited; Dadha Pharma Distribution Limited; DEN Ambey Cable Networks Private Limited; Den Broadband Limited; Den Budaun Cable Network Private Limited; Den Discovery Digital Networks Private Limited; Den Enjoy Cable Networks Private Limited; Den Enjoy Navaratan Network Private Limited; Den F K Cable TV Network Private Limited; Den Fateh Marketing Private Limited; Den Kashi Cable Network Limited; Den Malayalam Telenet Private Limited; Den Mod Max Cable Network Private Limited#; Den Nashik City Cable Network Private Limited; Den Networks Limited; Den Premium Multilink Cable Network Private Limited; Den Rajkot City Communication Private Limited; Den Satellite Cable TV Network Limited#; Den Saya Channel Network Limited; Den Supreme Satellite Vision Private Limited#; Den-Manoranjan Satellite Private Limited#; Digital Media Distribution Trust; Digitall 8 Media Private Limited (formerly known as Digital 18 Media Limited); Drashti Cable Network Limited; Dronagiri Bokadvira East Infra Limited; Dronagiri Bokadvira North Infra Limited; Dronagiri Bokadvira South Infra Limited; Dronagiri Bokadvira West Infra Limited; Dronagiri Dongri East Infra Limiled; Dronagiri Dongri North Infra Limited; Dronagiri Dongri South Infra Limited;", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "Introduction", "subsection": "List of Subsidiaries:", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "26deed3bac09990d"}, {"chunk_id": "0b41a5fd252292c2", "content": "Infra Limited; Dronagiri Bokadvira West Infra Limited; Dronagiri Dongri East Infra Limiled; Dronagiri Dongri North Infra Limited; Dronagiri Dongri South Infra Limited; Dronagiri Dongri West Infra Limited; Dronagiri Funde East Infra Limited; Dronagiri Funde North Infra Limited; Dronagiri Funde South Infra Limited; Dronagiri Funde West Infra Limited; Dronagiri Navghar East Infra Limited; Dronagiri Navghar North First Infra Limited; Dronagiri Navghar North Infra Limited; Dronagiri Navghar North Second Infra Limited; Dronagiri Navghar South First Infra Limited; Dronagiri Navghar South Infra Limited; Dronagiri Navghar South Second Infra Limited; Dronagiri Navghar West Infra Limited; Dronagiri Pagote East Infra Limited; Dronagiri Pagote North First Infra Limited; Dronagiri Pagote North Infra Limited; Dronagiri Pagote North Second Infra Limited; Dronagiri Pagote South First Infra Limited; Dronagiri Pagote South Infra Limited; Dronagiri Pagote West Infra Limited; Dronagiri Panje East Infra Limited; Dronagiri Panje North Infra Limited; Dronagiri Panje South Infra Limited; Dronagiri Panje West Infra Limited; e-Eighteen.com Limited#; Elite Cable Network Private Limited; Eminent Cable Network Private Limited; Enercent Technologies Private Limited; Eternalia Media Private Limited; Ethane Coral LLC; Ethane Diamond LLC; Ethane Jade LLC; Faradion Limited;", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "Introduction", "subsection": "List of Subsidiaries:", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "26deed3bac09990d"}, {"chunk_id": "93dfd1841ad55005", "content": "Network Private Limited; Enercent Technologies Private Limited; Eternalia Media Private Limited; Ethane Coral LLC; Ethane Diamond LLC; Ethane Jade LLC; Faradion Limited; Faradion UG; Foodhall Franchises Limited; Football Sports Development Limited; Future Lifestyles Franchisee Limited; Futuristic Media and Entertainment Limited; Galaxy Den Media & Entertainment Private Limited#; Genesis Colors Limited; Genesis La Mode Private Limited; GLB Body Care Private Limited; GLF Lifestyle Brands Private Limited; Global Asianet Limited; GML India Fashion Private Limited; Grab A Grub Services Limited; Greycells18 Media Limited; Hamleys (Franchising) Limited; Hamleys Asia Limited; Hamleys of London Limited; Hamleys Toys (Ireland) Limited$; Hathway Bhaskar CCN Multi Entertainment Private Limited; Hathway Bhawani Cabletel & Datacom Limited; Hathway Cable and Datacom Limited; Hathway Cable MCN Nanded Private Limited; Hathway Digital Limited; Hathway Kokan Crystal Cable Network Limited; Hathway Mantra Cable & Datacom Limited; Hathway Nashik Cable Network Private Limited; Hathway VCN Cablenet Private Limited; ICD Columbus Centre Hotel LLC; Independent Media Trust; India Mumbai Indians (Pty) Ltd; IndiaCast Media Distribution Private Limited; IndiaCast UK Limited; IndiaCast US Limited; lndiavidual Learning Limited; Indiawin Sports Middle East Limited; Indiawin Sports Private Limited;", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "Introduction", "subsection": "List of Subsidiaries:", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "26deed3bac09990d"}, {"chunk_id": "9064b3920f6990b3", "content": "Distribution Private Limited; IndiaCast UK Limited; IndiaCast US Limited; lndiavidual Learning Limited; Indiawin Sports Middle East Limited; Indiawin Sports Private Limited; Indiawin Sports USA Inc.; Infomedia Press Limited; lntimi India Limited; IPCO Holdings LLP; IW Columbus Centre LLC; Jaisuryas Retail Ventures Limited; Jio Cable and Broadband Holdings Private Limited; Jio Content Distribution Holdings Private Limited; Jio Digital Distribution Holdings Private Limited; Jio Estonia OU; Jio Futuristic Digital", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "Introduction", "subsection": "List of Subsidiaries:", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "26deed3bac09990d"}, {"chunk_id": "28e6b0a8607b5b77", "content": "Holdings Private Limited; Jio Haptik Technologies Limited; Jio Infrastructure Management Services Limited; Jio Internet Distribution Holdings Private Limited; Jio Limited; Jio Media Limited; Jio Platforms Limited; Jio Satellite Communications Limited; Jio Television Distribution Holdings Private Limited; Jio Things Limited; Just Dial Limited; NCO 2024 Limited; Kalamboli East Infra Limited; Kalamboli North First Infra Limited; Kalamboli North Infra Limited; Kalamboli North Second Infra Limited; Kalamboli North Third Infra Limited; Kalamboli South First Infra Limited; Kalamboli South Infra Limited; Kalamboli West Infra Limited; Kalanikethan Fashions Limited; Kalanikethan Silks Limited; Karkinos Healthcare North East Private Limited; Karkinos Healthcare Private Limited; Kishna Den Cable Networks Private Limited#; Kutch New Energy Projects Limited; Lakadia B Power Transmission Limited; Libra Cable Network Limited; Lithium Werks China Manufacturing Co., Ltd.; Lithium Werks Technology B.V.; Lotus Chocolate Company Limited; M Entertainments Private Limited$; Mahadev Den Cable Network Limited; Mahavir Den Entertainment Private Limited; Mansion Cable Network Private Limited; Masha! Sports Private Limited; Mayuri Kumkum Limited; Media 18 Distribution Services Limited; Meerut Cable Network Private Limited; Mesindus Ventures Limited; Metro Cash and Carry India Limited (formerly known as Metro Cash", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "Introduction", "subsection": "Holdings Private Limited; Jio Haptik Technologies Limited; Jio Infrastructure \nManagement Services Limited; Jio Internet Distribution Holdings Private Limited; Jio \nLimited; Jio Media Limited; Jio Platforms Limited; Jio Satellite Communications Limited; \nJio Television Distribution Holdings Private Limited; Jio Things Limited; Just Dial \nLimited; NCO 2024 Limited; Kalamboli East Infra Limited; Kalamboli North First Infra \nLimited; Kalamboli North Infra Limited; Kalamboli North Second Infra Limited; \nKalamboli North Third Infra Limited; Kalamboli South First Infra Limited; Kalamboli \nSouth Infra Limited; Kalamboli West Infra Limited; Kalanikethan Fashions Limited; \nKalanikethan Silks Limited; Karkinos Healthcare North East Private Limited; Karkinos \nHealthcare Private Limited; Kishna Den Cable Networks Private Limited#; Kutch New \nEnergy Projects Limited; Lakadia B Power Transmission Limited; Libra Cable Network \nLimited; Lithium Werks China Manufacturing Co., Ltd.; Lithium Werks Technology B.V.; \nLotus Chocolate Company Limited; M Entertainments Private Limited$; Mahadev Den \nCable Network Limited; Mahavir Den Entertainment Private Limited; Mansion Cable \nNetwork Private Limited; Masha! Sports Private Limited; Mayuri Kumkum Limited; \nMedia 18 Distribution Services Limited; Meerut Cable Network Private Limited; Mesindus \nVentures Limited; Metro Cash and Carry India Limited (formerly known as Metro Cash \nand Carry India Private Limited); Mimosa Networks Inc; Mimosa Networks Bili~im \nTeknolojileri Limited ~irketi; Mindex 1 Limited; Model Economic Township Limited; \nMoneycontrol.Dot Com India Limited; MSKVY Nineteenth Solar SPV Limited; MSKVY \nTwenty Second Solar SPV Limited; MYJD Private Limited$; Nauyaan Shipyard Private \nLimited; Nauyaan Tradings Private Limited; Navi Mumbai IIA Private Limited; Netmeds \nHealthcare Limited; Networkl8 Media & Investments Limited; Networkl8 Media Trust; \nNew York Hotel LLC; New Emerging World of Journal ism Limited; NextGen Fast Fashion \nLimited; Nilgiris Stores Limited; Now Floats Technologies Limited; Purple Panda Fashions \nLimited; Radiant Satellite (India) Private Limited#; Radisys B.V.; Radisys Canada Inc.; \nRadisys Cayman Limited; Radisys Convedia (Ireland) Limited; Radisys Corporation; \nRadisys GmbH; Radisys India Limited; Radisys International LLC; Radisys International \nSingapore Pte. Ltd.; Radisys Spain S.L.U.; Radisys Systems Equipment Trading \n(Shanghai) Co. Ltd.; Radisys Technologies (Shenzhen) Co. Ltd.; Radisys UK Limited; \nReliance Rahul Mishra Fashion Private Limited; RB Holdings Private Limited; RB Media \nHoldings Private Limited; RB Mediasoft Private Limited; RBML Solutions India Limited; \nREC Americas LLC; REC ScanModule Sweden AB; REC Solar (Japan) Co., Ltd.$; REC \nSolar EMEA GmbH; REC Solar France S.A.S$; REC Solar Holdings AS; REC Solar \nNorway AS$; REC Solar Pte. Ltd.; REC Sustainable Energy Solutions Pte. Ltd.; REC \nSystems (Thailand) Co., Ltd.$; REC Trading (Shanghai) Co., Ltd.; REC US Holdings, Inc.; \nRecron (Malaysia) Sdn. Bhd.; Reliance 4IR Realty Development Limited; Reliance A&T \nFashions Private Limited; Reliance Abu Sandeep Private Limited; Reliance AK-OK \nFashions Limited; Reliance Ambit Trade Private Limited; Reliance Beauty & Personal \nCare Limited; Reliance Bhutan Limited; Reliance Bio Energy Limited; Reliance BP \nMobility Limited; Reliance Brands Holding UK Limited; Reliance Brands Limited; \nReliance Brands Luxury Fashion Private Limited; Reliance Carbon Fibre Cylinder Limited; \nReliance Chemicals and Materials Limited; Reliance Clothing India Limited; Reliance \nCommercial Dealers Limited; Reliance Comtrade Private Limited; Reliance Consumer \nProducts Limited; Reliance Content Distribution Limited; Reliance Corporate IT Park \nLimited; Reliance Cosmetics Retail Private Limited (formerly known as KIKO Cosmetics \nRetail Private Limited); Reliance Digital Health Limited; Reliance Digital Health USA \nInc.; Reliance Eagleford Upstream LLC; Reliance Electrolyser Manufacturing Limited; \nReliance Eminent Trading & Commercial Private Limited; Reliance Ethane Holding Pte \nLimited; Reliance Ethane Pipeline Limited; Reliance Exploration & Production DM ..... ..;.;-~b..", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7a2bca55bf01f091"}, {"chunk_id": "699b48e1e65d1159", "content": "Media 18 Distribution Services Limited; Meerut Cable Network Private Limited; Mesindus Ventures Limited; Metro Cash and Carry India Limited (formerly known as Metro Cash and Carry India Private Limited); Mimosa Networks Inc; Mimosa Networks Bili~im Teknolojileri Limited ~irketi; Mindex 1 Limited; Model Economic Township Limited; Moneycontrol.Dot Com India Limited; MSKVY Nineteenth Solar SPV Limited; MSKVY Twenty Second Solar SPV Limited; MYJD Private Limited$; Nauyaan Shipyard Private Limited; Nauyaan Tradings Private Limited; Navi Mumbai IIA Private Limited; Netmeds Healthcare Limited; Networkl8 Media & Investments Limited; Networkl8 Media Trust; New York Hotel LLC; New Emerging World of Journal ism Limited; NextGen Fast Fashion Limited; Nilgiris Stores Limited; Now Floats Technologies Limited; Purple Panda Fashions Limited; Radiant Satellite (India) Private Limited#; Radisys B.V.; Radisys Canada Inc.; Radisys Cayman Limited; Radisys Convedia (Ireland) Limited; Radisys Corporation; Radisys GmbH; Radisys India Limited; Radisys International LLC; Radisys International Singapore Pte. Ltd.; Radisys Spain S.L.U.; Radisys Systems Equipment Trading (Shanghai) Co. Ltd.; Radisys Technologies (Shenzhen) Co. Ltd.; Radisys UK Limited; Reliance Rahul Mishra Fashion Private Limited; RB Holdings Private Limited; RB Media Holdings Private Limited; RB Mediasoft Private Limited; RBML Solutions India Limited;", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "Introduction", "subsection": "Holdings Private Limited; Jio Haptik Technologies Limited; Jio Infrastructure \nManagement Services Limited; Jio Internet Distribution Holdings Private Limited; Jio \nLimited; Jio Media Limited; Jio Platforms Limited; Jio Satellite Communications Limited; \nJio Television Distribution Holdings Private Limited; Jio Things Limited; Just Dial \nLimited; NCO 2024 Limited; Kalamboli East Infra Limited; Kalamboli North First Infra \nLimited; Kalamboli North Infra Limited; Kalamboli North Second Infra Limited; \nKalamboli North Third Infra Limited; Kalamboli South First Infra Limited; Kalamboli \nSouth Infra Limited; Kalamboli West Infra Limited; Kalanikethan Fashions Limited; \nKalanikethan Silks Limited; Karkinos Healthcare North East Private Limited; Karkinos \nHealthcare Private Limited; Kishna Den Cable Networks Private Limited#; Kutch New \nEnergy Projects Limited; Lakadia B Power Transmission Limited; Libra Cable Network \nLimited; Lithium Werks China Manufacturing Co., Ltd.; Lithium Werks Technology B.V.; \nLotus Chocolate Company Limited; M Entertainments Private Limited$; Mahadev Den \nCable Network Limited; Mahavir Den Entertainment Private Limited; Mansion Cable \nNetwork Private Limited; Masha! Sports Private Limited; Mayuri Kumkum Limited; \nMedia 18 Distribution Services Limited; Meerut Cable Network Private Limited; Mesindus \nVentures Limited; Metro Cash and Carry India Limited (formerly known as Metro Cash \nand Carry India Private Limited); Mimosa Networks Inc; Mimosa Networks Bili~im \nTeknolojileri Limited ~irketi; Mindex 1 Limited; Model Economic Township Limited; \nMoneycontrol.Dot Com India Limited; MSKVY Nineteenth Solar SPV Limited; MSKVY \nTwenty Second Solar SPV Limited; MYJD Private Limited$; Nauyaan Shipyard Private \nLimited; Nauyaan Tradings Private Limited; Navi Mumbai IIA Private Limited; Netmeds \nHealthcare Limited; Networkl8 Media & Investments Limited; Networkl8 Media Trust; \nNew York Hotel LLC; New Emerging World of Journal ism Limited; NextGen Fast Fashion \nLimited; Nilgiris Stores Limited; Now Floats Technologies Limited; Purple Panda Fashions \nLimited; Radiant Satellite (India) Private Limited#; Radisys B.V.; Radisys Canada Inc.; \nRadisys Cayman Limited; Radisys Convedia (Ireland) Limited; Radisys Corporation; \nRadisys GmbH; Radisys India Limited; Radisys International LLC; Radisys International \nSingapore Pte. Ltd.; Radisys Spain S.L.U.; Radisys Systems Equipment Trading \n(Shanghai) Co. Ltd.; Radisys Technologies (Shenzhen) Co. Ltd.; Radisys UK Limited; \nReliance Rahul Mishra Fashion Private Limited; RB Holdings Private Limited; RB Media \nHoldings Private Limited; RB Mediasoft Private Limited; RBML Solutions India Limited; \nREC Americas LLC; REC ScanModule Sweden AB; REC Solar (Japan) Co., Ltd.$; REC \nSolar EMEA GmbH; REC Solar France S.A.S$; REC Solar Holdings AS; REC Solar \nNorway AS$; REC Solar Pte. Ltd.; REC Sustainable Energy Solutions Pte. Ltd.; REC \nSystems (Thailand) Co., Ltd.$; REC Trading (Shanghai) Co., Ltd.; REC US Holdings, Inc.; \nRecron (Malaysia) Sdn. Bhd.; Reliance 4IR Realty Development Limited; Reliance A&T \nFashions Private Limited; Reliance Abu Sandeep Private Limited; Reliance AK-OK \nFashions Limited; Reliance Ambit Trade Private Limited; Reliance Beauty & Personal \nCare Limited; Reliance Bhutan Limited; Reliance Bio Energy Limited; Reliance BP \nMobility Limited; Reliance Brands Holding UK Limited; Reliance Brands Limited; \nReliance Brands Luxury Fashion Private Limited; Reliance Carbon Fibre Cylinder Limited; \nReliance Chemicals and Materials Limited; Reliance Clothing India Limited; Reliance \nCommercial Dealers Limited; Reliance Comtrade Private Limited; Reliance Consumer \nProducts Limited; Reliance Content Distribution Limited; Reliance Corporate IT Park \nLimited; Reliance Cosmetics Retail Private Limited (formerly known as KIKO Cosmetics \nRetail Private Limited); Reliance Digital Health Limited; Reliance Digital Health USA \nInc.; Reliance Eagleford Upstream LLC; Reliance Electrolyser Manufacturing Limited; \nReliance Eminent Trading & Commercial Private Limited; Reliance Ethane Holding Pte \nLimited; Reliance Ethane Pipeline Limited; Reliance Exploration & Production DM ..... ..;.;-~b..", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7a2bca55bf01f091"}, {"chunk_id": "8f01b780712120e8", "content": "Ltd.; Radisys UK Limited; Reliance Rahul Mishra Fashion Private Limited; RB Holdings Private Limited; RB Media Holdings Private Limited; RB Mediasoft Private Limited; RBML Solutions India Limited; REC Americas LLC; REC ScanModule Sweden AB; REC Solar (Japan) Co., Ltd.$; REC Solar EMEA GmbH; REC Solar France S.A.S$; REC Solar Holdings AS; REC Solar Norway AS$; REC Solar Pte. Ltd.; REC Sustainable Energy Solutions Pte. Ltd.; REC Systems (Thailand) Co., Ltd.$; REC Trading (Shanghai) Co., Ltd.; REC US Holdings, Inc.; Recron (Malaysia) Sdn. Bhd.; Reliance 4IR Realty Development Limited; Reliance A&T Fashions Private Limited; Reliance Abu Sandeep Private Limited; Reliance AK-OK Fashions Limited; Reliance Ambit Trade Private Limited; Reliance Beauty & Personal Care Limited; Reliance Bhutan Limited; Reliance Bio Energy Limited; Reliance BP Mobility Limited; Reliance Brands Holding UK Limited; Reliance Brands Limited; Reliance Brands Luxury Fashion Private Limited; Reliance Carbon Fibre Cylinder Limited; Reliance Chemicals and Materials Limited; Reliance Clothing India Limited; Reliance Commercial Dealers Limited; Reliance Comtrade Private Limited; Reliance Consumer Products Limited; Reliance Content Distribution Limited; Reliance Corporate IT Park Limited; Reliance Cosmetics Retail Private Limited (formerly known as KIKO Cosmetics Retail Private Limited); Reliance Digital Health Limited; Reliance Digital Health USA", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "Introduction", "subsection": "Holdings Private Limited; Jio Haptik Technologies Limited; Jio Infrastructure \nManagement Services Limited; Jio Internet Distribution Holdings Private Limited; Jio \nLimited; Jio Media Limited; Jio Platforms Limited; Jio Satellite Communications Limited; \nJio Television Distribution Holdings Private Limited; Jio Things Limited; Just Dial \nLimited; NCO 2024 Limited; Kalamboli East Infra Limited; Kalamboli North First Infra \nLimited; Kalamboli North Infra Limited; Kalamboli North Second Infra Limited; \nKalamboli North Third Infra Limited; Kalamboli South First Infra Limited; Kalamboli \nSouth Infra Limited; Kalamboli West Infra Limited; Kalanikethan Fashions Limited; \nKalanikethan Silks Limited; Karkinos Healthcare North East Private Limited; Karkinos \nHealthcare Private Limited; Kishna Den Cable Networks Private Limited#; Kutch New \nEnergy Projects Limited; Lakadia B Power Transmission Limited; Libra Cable Network \nLimited; Lithium Werks China Manufacturing Co., Ltd.; Lithium Werks Technology B.V.; \nLotus Chocolate Company Limited; M Entertainments Private Limited$; Mahadev Den \nCable Network Limited; Mahavir Den Entertainment Private Limited; Mansion Cable \nNetwork Private Limited; Masha! Sports Private Limited; Mayuri Kumkum Limited; \nMedia 18 Distribution Services Limited; Meerut Cable Network Private Limited; Mesindus \nVentures Limited; Metro Cash and Carry India Limited (formerly known as Metro Cash \nand Carry India Private Limited); Mimosa Networks Inc; Mimosa Networks Bili~im \nTeknolojileri Limited ~irketi; Mindex 1 Limited; Model Economic Township Limited; \nMoneycontrol.Dot Com India Limited; MSKVY Nineteenth Solar SPV Limited; MSKVY \nTwenty Second Solar SPV Limited; MYJD Private Limited$; Nauyaan Shipyard Private \nLimited; Nauyaan Tradings Private Limited; Navi Mumbai IIA Private Limited; Netmeds \nHealthcare Limited; Networkl8 Media & Investments Limited; Networkl8 Media Trust; \nNew York Hotel LLC; New Emerging World of Journal ism Limited; NextGen Fast Fashion \nLimited; Nilgiris Stores Limited; Now Floats Technologies Limited; Purple Panda Fashions \nLimited; Radiant Satellite (India) Private Limited#; Radisys B.V.; Radisys Canada Inc.; \nRadisys Cayman Limited; Radisys Convedia (Ireland) Limited; Radisys Corporation; \nRadisys GmbH; Radisys India Limited; Radisys International LLC; Radisys International \nSingapore Pte. Ltd.; Radisys Spain S.L.U.; Radisys Systems Equipment Trading \n(Shanghai) Co. Ltd.; Radisys Technologies (Shenzhen) Co. Ltd.; Radisys UK Limited; \nReliance Rahul Mishra Fashion Private Limited; RB Holdings Private Limited; RB Media \nHoldings Private Limited; RB Mediasoft Private Limited; RBML Solutions India Limited; \nREC Americas LLC; REC ScanModule Sweden AB; REC Solar (Japan) Co., Ltd.$; REC \nSolar EMEA GmbH; REC Solar France S.A.S$; REC Solar Holdings AS; REC Solar \nNorway AS$; REC Solar Pte. Ltd.; REC Sustainable Energy Solutions Pte. Ltd.; REC \nSystems (Thailand) Co., Ltd.$; REC Trading (Shanghai) Co., Ltd.; REC US Holdings, Inc.; \nRecron (Malaysia) Sdn. Bhd.; Reliance 4IR Realty Development Limited; Reliance A&T \nFashions Private Limited; Reliance Abu Sandeep Private Limited; Reliance AK-OK \nFashions Limited; Reliance Ambit Trade Private Limited; Reliance Beauty & Personal \nCare Limited; Reliance Bhutan Limited; Reliance Bio Energy Limited; Reliance BP \nMobility Limited; Reliance Brands Holding UK Limited; Reliance Brands Limited; \nReliance Brands Luxury Fashion Private Limited; Reliance Carbon Fibre Cylinder Limited; \nReliance Chemicals and Materials Limited; Reliance Clothing India Limited; Reliance \nCommercial Dealers Limited; Reliance Comtrade Private Limited; Reliance Consumer \nProducts Limited; Reliance Content Distribution Limited; Reliance Corporate IT Park \nLimited; Reliance Cosmetics Retail Private Limited (formerly known as KIKO Cosmetics \nRetail Private Limited); Reliance Digital Health Limited; Reliance Digital Health USA \nInc.; Reliance Eagleford Upstream LLC; Reliance Electrolyser Manufacturing Limited; \nReliance Eminent Trading & Commercial Private Limited; Reliance Ethane Holding Pte \nLimited; Reliance Ethane Pipeline Limited; Reliance Exploration & Production DM ..... ..;.;-~b..", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7a2bca55bf01f091"}, {"chunk_id": "cdf59464e95712bc", "content": "Limited; Reliance Cosmetics Retail Private Limited (formerly known as KIKO Cosmetics Retail Private Limited); Reliance Digital Health Limited; Reliance Digital Health USA Inc.; Reliance Eagleford Upstream LLC; Reliance Electrolyser Manufacturing Limited; Reliance Eminent Trading & Commercial Private Limited; Reliance Ethane Holding Pte Limited; Reliance Ethane Pipeline Limited; Reliance Exploration & Production DM ..... ..;.;-~b..", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "Introduction", "subsection": "Holdings Private Limited; Jio Haptik Technologies Limited; Jio Infrastructure \nManagement Services Limited; Jio Internet Distribution Holdings Private Limited; Jio \nLimited; Jio Media Limited; Jio Platforms Limited; Jio Satellite Communications Limited; \nJio Television Distribution Holdings Private Limited; Jio Things Limited; Just Dial \nLimited; NCO 2024 Limited; Kalamboli East Infra Limited; Kalamboli North First Infra \nLimited; Kalamboli North Infra Limited; Kalamboli North Second Infra Limited; \nKalamboli North Third Infra Limited; Kalamboli South First Infra Limited; Kalamboli \nSouth Infra Limited; Kalamboli West Infra Limited; Kalanikethan Fashions Limited; \nKalanikethan Silks Limited; Karkinos Healthcare North East Private Limited; Karkinos \nHealthcare Private Limited; Kishna Den Cable Networks Private Limited#; Kutch New \nEnergy Projects Limited; Lakadia B Power Transmission Limited; Libra Cable Network \nLimited; Lithium Werks China Manufacturing Co., Ltd.; Lithium Werks Technology B.V.; \nLotus Chocolate Company Limited; M Entertainments Private Limited$; Mahadev Den \nCable Network Limited; Mahavir Den Entertainment Private Limited; Mansion Cable \nNetwork Private Limited; Masha! Sports Private Limited; Mayuri Kumkum Limited; \nMedia 18 Distribution Services Limited; Meerut Cable Network Private Limited; Mesindus \nVentures Limited; Metro Cash and Carry India Limited (formerly known as Metro Cash \nand Carry India Private Limited); Mimosa Networks Inc; Mimosa Networks Bili~im \nTeknolojileri Limited ~irketi; Mindex 1 Limited; Model Economic Township Limited; \nMoneycontrol.Dot Com India Limited; MSKVY Nineteenth Solar SPV Limited; MSKVY \nTwenty Second Solar SPV Limited; MYJD Private Limited$; Nauyaan Shipyard Private \nLimited; Nauyaan Tradings Private Limited; Navi Mumbai IIA Private Limited; Netmeds \nHealthcare Limited; Networkl8 Media & Investments Limited; Networkl8 Media Trust; \nNew York Hotel LLC; New Emerging World of Journal ism Limited; NextGen Fast Fashion \nLimited; Nilgiris Stores Limited; Now Floats Technologies Limited; Purple Panda Fashions \nLimited; Radiant Satellite (India) Private Limited#; Radisys B.V.; Radisys Canada Inc.; \nRadisys Cayman Limited; Radisys Convedia (Ireland) Limited; Radisys Corporation; \nRadisys GmbH; Radisys India Limited; Radisys International LLC; Radisys International \nSingapore Pte. Ltd.; Radisys Spain S.L.U.; Radisys Systems Equipment Trading \n(Shanghai) Co. Ltd.; Radisys Technologies (Shenzhen) Co. Ltd.; Radisys UK Limited; \nReliance Rahul Mishra Fashion Private Limited; RB Holdings Private Limited; RB Media \nHoldings Private Limited; RB Mediasoft Private Limited; RBML Solutions India Limited; \nREC Americas LLC; REC ScanModule Sweden AB; REC Solar (Japan) Co., Ltd.$; REC \nSolar EMEA GmbH; REC Solar France S.A.S$; REC Solar Holdings AS; REC Solar \nNorway AS$; REC Solar Pte. Ltd.; REC Sustainable Energy Solutions Pte. Ltd.; REC \nSystems (Thailand) Co., Ltd.$; REC Trading (Shanghai) Co., Ltd.; REC US Holdings, Inc.; \nRecron (Malaysia) Sdn. Bhd.; Reliance 4IR Realty Development Limited; Reliance A&T \nFashions Private Limited; Reliance Abu Sandeep Private Limited; Reliance AK-OK \nFashions Limited; Reliance Ambit Trade Private Limited; Reliance Beauty & Personal \nCare Limited; Reliance Bhutan Limited; Reliance Bio Energy Limited; Reliance BP \nMobility Limited; Reliance Brands Holding UK Limited; Reliance Brands Limited; \nReliance Brands Luxury Fashion Private Limited; Reliance Carbon Fibre Cylinder Limited; \nReliance Chemicals and Materials Limited; Reliance Clothing India Limited; Reliance \nCommercial Dealers Limited; Reliance Comtrade Private Limited; Reliance Consumer \nProducts Limited; Reliance Content Distribution Limited; Reliance Corporate IT Park \nLimited; Reliance Cosmetics Retail Private Limited (formerly known as KIKO Cosmetics \nRetail Private Limited); Reliance Digital Health Limited; Reliance Digital Health USA \nInc.; Reliance Eagleford Upstream LLC; Reliance Electrolyser Manufacturing Limited; \nReliance Eminent Trading & Commercial Private Limited; Reliance Ethane Holding Pte \nLimited; Reliance Ethane Pipeline Limited; Reliance Exploration & Production DM ..... ..;.;-~b..", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7a2bca55bf01f091"}, {"chunk_id": "411a920ff8852543", "content": "Reliance Finance and Investments USA LLC; Reliance GAS Lifestyle India Private Limited; Reliance Gas Pipelines Limited; Reliance Global Energy Services (Singapore) Pte. Limited; Reliance Global Energy Services Limited; Reliance Global Project Services Pte. Ltd. $; Reliance Global Project Services UK Limited$; Reliance Green Hydrogen and Green Chemicals Limited; Reliance Hydrogen Electrolysis Limited; Reliance Hydrogen Fuel Cell Limited; Reliance Industries (Middle East) DMCC; Reliance Innovative Building Solutions Private Limited#; Reliance International Limited; Reliance Jio Global Resources, LLC; Reliance Jio lnfocomm Limited; Reliance Jio Infocomm Pte. Ltd.; Reliance Jio Infocomm UK Limited; Reliance Jio lnfocomm USA, Inc.; Reliance Lifestyle Products Private Limited; Reliance Lithium Werks B. V.; Reliance Lithium Werks USA LLC; Reliance Luxe Beauty Limited; Reliance Mappedu Multi Modal Logistics Park Limited; Reliance Marcellus LLC; Reliance NeuComm LLC; Reliance New Energy Battery Limited; Reliance New Energy Battery Storage Limited; Reliance New Energy Carbon Fibre Cylinder Limited; Reliance New Energy Hydrogen Electrolysis Limited; Reliance New Energy Hydrogen Fuel Cell Limited; Reliance New Energy Limited; Reliance New Energy Power Electronics Limited; Reliance New Energy Storage Limited; Reliance New Power Electronics Limited; Reliance New Solar Energy Limited; ; Reliance Petro", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "Introduction", "subsection": "List of Joint Ventures:", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2d5b809b38bac772"}, {"chunk_id": "e32155f670afd7ea", "content": "Energy Power Electronics Limited; Reliance New Energy Storage Limited; Reliance New Power Electronics Limited; Reliance New Solar Energy Limited; ; Reliance Petro Marketing Limited; Reliance Petro Materials Limited; Reliance Polyester Limited; Reliance Power Electronics Limited; Reliance Progressive Traders Private Limited; Reliance Projects & Property Management Services Limited; Reliance Prolific Commercial Private Limited; Reliance Prolific Traders Private Limited; Reliance Retail and Fashion Lifestyle Limited; Reliance Retail Limited; Reliance Retail Ventures Limited; Reliance Ritu Kumar Private Limited; Reliance Sibur Elastomers Private Limited; Reliance Sideways Private Limited; Reliance SOU Limited; Reliance Strategic Business Ventures Limited; Reliance Syngas Limited; Reliance TerraTech Holding LLC; Reliance UbiTek LLC$; Reliance Universal Traders Private Limited; Reliance Vantage Retail Limited; Reliance Ventures Limited; Reliance-GrandOptical Private Limited; Reverie Language Technologies Limited; RIL USA, Inc.; RISE Worldwide Limited; Ritu Kumar M.E. (FZE); Reliance Brands Eyewear Private Limited; Roptonal Limited$; Rose Entertainment Private Limited; RP Chemicals (Malaysia) Sdn. Bhd.; RRB Mediasoft Private Limited; Saavn Media Limited; SankhyaSutra Labs Limited; Sensehawk Inc; Sensehawk India Private Limited; Sensehawk MEA Limited; Shopsense Retail Technologies Limited; Shri Kannan", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "Introduction", "subsection": "List of Joint Ventures:", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2d5b809b38bac772"}, {"chunk_id": "2c72114f66d04ee8", "content": "Bhd.; RRB Mediasoft Private Limited; Saavn Media Limited; SankhyaSutra Labs Limited; Sensehawk Inc; Sensehawk India Private Limited; Sensehawk MEA Limited; Shopsense Retail Technologies Limited; Shri Kannan Departmental Store Limited; skyTran Inc.$; Skymet Weather Services Private Limited; Soubhagya Confectionery Private Limited#; Srishti Den Networks Limited; Star Advertising Sales Limited; Star India Private Limited; Star Television Productions Limited; Stoke Park Limited; Strand Life Sciences Private Limited; Surajya Services Limited; Surela Investment And Trading Limited; Tesseract Imaging Limited; The Indian Film Combine Private Limited; Thodupuzha Retail Private Limited; Tira Beauty Limited; Tresara Health Limited; TVl 8 Broadcast Limited#; Ulwe East Infra Limited; Ulwe North Infra Limited; Ulwe South Infra Limited; Ulwe Waterfront East Infra Limited; Ulwe Waterfront North Infra Limited; Ulwe Waterfront South Infra Limited; Ulwe Waterfront West Infra Limited; Ulwe West Infra Limited; Urban Ladder Home Decor Solutions Limited; V - Retail Limited (formerly known as V - Retail Private Limited); VasyERP Solutions Private Limited; VBS Digital Distribution Network Limited; Vengara Retail Private Limited; Viacom 18 Media (UK) Limited$; Studio 18 Media Private Limited (formerly known as Viacom 18 Media Private Limited); Viacom 18 US Inc.$; Vitalic", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "Introduction", "subsection": "List of Joint Ventures:", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2d5b809b38bac772"}, {"chunk_id": "12fb5b6f5e2c1db8", "content": "Private Limited; Viacom 18 Media (UK) Limited$; Studio 18 Media Private Limited (formerly known as Viacom 18 Media Private Limited); Viacom 18 US Inc.$; Vitalic Health Limited; Watermark Infratech Private Limited; Web] 8 Digital Services Limited. $ Ceased to be a subsidiary during the year # Merged with another subsidiary during the year List of Joint Ventures: Alok Industries International Limited; Alok Industries Limited; Alok Infrastructure Limited; Alok International (Middle East) FZE; Alok International Inc.; Alok Singapore PTE Limited; Alok Worldwide Limited; BAM DLR Data Center Services Private Limited; BAM DLR Chennai Private Limited; BAM DLR Kolkata Private Limited; BAM DLR Mumbai Private Limited; BAM DLR Network Services Private Limited; Brooks Brothers India Private Limited; Burberry India Private Limited; BVM Overseas Limited; CAA Brands Reliance Private Limited (formerly known as CAA-Global Brands Reliance Private Limited)@; Canali India Private Limited; Clarks Footwear Private Limited$; D. E. Shaw India Securities Private Limited; Diesel Fashion India Reliance Private Limited; Ethane Crystal LLC$; Ethane Emerald LLC$; Ethane Opal LLC$; Ethane Pearl LLC$; Ethane Sapphire LLC$; Ethane Topaz LLC$; Football Sports Development Limited@; Grabal Alok International Limited; Hathway Bhawani NDS Network Limited; Hathway Cable MCN Nanded Private Limited@; Hathway Channel 5 Cable and Datacom Private Limited;", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "Introduction", "subsection": "List of Joint Ventures:", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2d5b809b38bac772"}, {"chunk_id": "913416e4f06a1757", "content": "Alok International Limited; Hathway Bhawani NDS Network Limited; Hathway Cable MCN Nanded Private Limited@; Hathway Channel 5 Cable and Datacom Private Limited; Hathway Dattatray Cable Network Private Limited; Hathway ICE Television Private Limited; Halhway Lalur MCN Cable & Datacom Private Limited; Hathway MCN Private Limited; Hathway Prime Cable & Datacom Private Limited$; Hathway Sai Star Cable & Datacom Private Limited; Hathway Sonali OM Crystal Cable Private Limited; Hathway SS Cable & Datacom LLP; IBN Lokmat News Private Limited; Iconix Lifestyle India Private Limited; India Gas Solutions Private Limited; Indospace MET Logistics Park Farukhnagar Private Limited; Jio Space Technology Limited; Marks and Spencer Reliance India Private Limited; Media Pro Enterprise India Private Limited; Mileta a.s.; Pipeline Management Services Private Limited; Reidel Apparel Private Limited*; Reliance Bally India Private Limited; Reliance Paul & Shark Fashions Private Limited; Reliance Sideways Private Limited@; Reliance-Vision Express Private Limited; Reliance International Leasing IFSC Private Limited (formerly known as Reliance International Leasing IFSC Limited); Ryohin-Keikaku Reliance India Private Limited; Sanmina-SCI India Private Limited; Sanmina-SCI Technology India Private Limited; Sintex Industries Limited; Sodium-ion Batteries Pty Limited$; Sosyo Hajoori Beverages Private Limited; TCO", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "Introduction", "subsection": "List of Joint Ventures:", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2d5b809b38bac772"}, {"chunk_id": "c8f975db0bb30e2f", "content": "Limited; Sanmina-SCI Technology India Private Limited; Sintex Industries Limited; Sodium-ion Batteries Pty Limited$; Sosyo Hajoori Beverages Private Limited; TCO Reliance India Private Limited; Ubona Technologies Private Limited; Zegna South Asia Private Limited. * Converted to a joint venture during the year @ Converted to a subsidiary during the year $ Ceased to be a joint venture during the year", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "Introduction", "subsection": "List of Joint Ventures:", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2d5b809b38bac772"}, {"chunk_id": "ba5b18dcdc04b649", "content": "Big Tree Entertainment DMCC$; Big Tree Entertainment Lanka Private Limited; Big Tree Entertainment Private Limited; Big Tree Entertainment Singapore PTE. Limited; Big Tree Sport & Recreational Events Tickets Selling L.L.C; BookmyShow Live Private Limited; Bookmyshow SDN. BHD.; BookmyShow Venues Management Private Limited; Caelux Corporation; Circle E Retail Private Limited; Clayfin Technologies Private Limited; DEN ABC Cable Network Ambarnath Private Limited; DEN ADN Network Private Limited; DEN New Broad Communication Private Limited; Den Satellite Network Private Limited; DL GTPL Broadband Private Limited; DL GTPL Cabnet Private Limited; Dunzo Digital Private Limited$; Dunzo Merchant Services Private Limited$; Dunzo Wholesa1e Private Limited$; Dyulok Technologies Private Limited; Eenadu Television Private Limited; Esterlina Solar - Proyecto Cinco, S.L.; Esterlina Solar - Proyecto Cuatro, S.L.; E • • i-l'i-01 & s~ - ~-H~,---- ~~", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "Big Tree Entertainment DMCC$; Big Tree Entertainment Lanka Private Limited; Big Tree \nEntertainment Private Limited; Big Tree Entertainment Singapore PTE. Limited; Big Tree \nSport & Recreational Events Tickets Selling L.L.C; BookmyShow Live Private Limited; \nBookmyshow SDN. BHD.; BookmyShow Venues Management Private Limited; Caelux \nCorporation; Circle E Retail Private Limited; Clayfin Technologies Private Limited; DEN \nABC Cable Network Ambarnath Private Limited; DEN ADN Network Private Limited; \nDEN New Broad Communication Private Limited; Den Satellite Network Private Limited; \nDL GTPL Broadband Private Limited; DL GTPL Cabnet Private Limited; Dunzo Digital \nPrivate Limited$; Dunzo Merchant Services Private Limited$; Dunzo Wholesa1e Private \nLimited$; Dyulok Technologies Private Limited; Eenadu Television Private Limited; \nEsterlina Solar - Proyecto Cinco, S.L.; Esterlina Solar - Proyecto Cuatro, S.L.; E \n• • \ni-l'i-01 & s~ \n- ~-H~,----\n~~", "subsection": "List of Joint Ventures:", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d60773822ff3a98d"}, {"chunk_id": "924b3d4630ffe64d", "content": "Solar - Proyecto Dos, S.L.; Esterlina Solar - Proyecto Nueve, S.L.; Esterlina Solar - Proyecto Ocho, S.L.; Esterlina Solar- Proyecto Seis, S.L.; Esterlina Solar - Proyecto Siete, S.L.; Esterlina Solar - Proyecto Tres, S.L.; Esterlina Solar - Proyecto Uno, S.L.; Esterlina Solar Engineers Private Limited; Fantain Sports Private Limited; Foodfesta Wellcare Private Limited; Futurel0l Design Private Limited; Gaurav Overseas Private Limited; GCO Solar Pty. Ltd.; GenNext Ventures Investment Advisers LLP$; GTPL Abhilash Communication Private Limited; GTPL Bansidhar Telelink Private Limited$; GTPL Bariya Television Network$; GTPL Broadband Private Limited; GTPL Crazy Network; GTPL Dahod Television Network Private Limited; GTPL DCPL Private Limited; GTPL Hathway Limited; GTPL Insight Channel Network Private Limited; GTPL Jay Santoshima Network Private Limited; GTPL Jaydeep Cable$; GTPL Junagadh Network Private Limited; GTPL Jyoti Cable; GTPL Kaizen Infonet Private Limited; GTPL KCBPL Broad Band Private Limited; GTPL Khambhat Cable Network; GTPL Khusboo Video Channel; GTPL Kolkata Cable & Broad Band Pariseva Limited; GTPL Leo Vision; GTPL Link Network Private Limited; GTPL Lucky Video Cable; GTPL Maa Bhagawati Entertainment Services; GTPL Narmada Cable Services; GTPL Narmada Cyberzone Private Limited; GTPL Parshwa Cable Network Private Limited; GTPL Parth World Vision; GTPL Rajwadi", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 9, "section": "MUMBA\\ * \n~ ~/~~", "subsection": "Responsibilities of the Management and Board of Directors for the Statement", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "990c9a7924881bd5"}, {"chunk_id": "eee931e6be4827fe", "content": "Services; GTPL Narmada Cable Services; GTPL Narmada Cyberzone Private Limited; GTPL Parshwa Cable Network Private Limited; GTPL Parth World Vision; GTPL Rajwadi Network Private Limited; GTPL Sai World Channel; GTPL Shiv Cable Network; GTPL Shreenathji Communication; GTPL SK Network Private Limited; GTPL SK Vision; GTPL SMC Network Private Limited; GTPL Solanki Cable Network Private Limited; GTPL Sorath Telelink Private Limited; GTPL Swastik Communication; GTPL Tridev Cable Network; GTPL V & S Cable Private Limited; GTPL Vision Services Private Limited; GTPL Vraj Cable; GTPL VVC Network Private Limited; GTPL World View Cable; GTPL World Vision; GTPL Zigma Vision Private Limited; Gujarat Chemical Port Limited; Health Alliance Group Inc.; Indian Vaccines Corporation Limited; lxora Holdings Limited; Konark IP Dossiers Private Limited; Metro Cast Network India Private Limited; MM Styles Private Limited; MM Styles Trading LLC (UAE); Neolync India Private Limited; Neolync Solutions Private Limited; Nexwafe Gmbh; NWl 8 HSN Holdings PLC$; Omnia Toys India Private Limited; Pan Cable Services Private Limited; Peppo Technologies Private Limited; Popclub Vision Tech Private Limited; PT Big Tree Entertainment Indonesia; Reliance Europe Limited; Reliance Industrial Infrastructure Limited; Reliance Logistics and Warehouse Holdings Limited; Ritu Kumar Fashion (LLC)$; SpaceBound", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 9, "section": "MUMBA\\ * \n~ ~/~~", "subsection": "Responsibilities of the Management and Board of Directors for the Statement", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "990c9a7924881bd5"}, {"chunk_id": "3d98c83cfa2aa756", "content": "Indonesia; Reliance Europe Limited; Reliance Industrial Infrastructure Limited; Reliance Logistics and Warehouse Holdings Limited; Ritu Kumar Fashion (LLC)$; SpaceBound Web Labs Private Limited; Sterling and Wilson (Thailand) Limited; Sterling and Wilson Engineering (Pty) Ltd.; Sterling and Wilson International LLP; Sterling and Wilson International Solar FZCO; Sterling and Wilson Kazakhstan, LLP; Sterling and Wilson Middle East Solar Energy LLC; Sterling and Wilson Renewable Energy Limited; Sterling And Wilson Renewable Energy Nigeria Limited; Sterling and Wilson Renewable Energy Spain S.L.; Sterling and Wilson Saudi Arabia Limited; Sterling and Wilson Singapore Pte Ltd; Sterling and Wilson Solar Australia Pty. Ltd.; Sterling and Wilson Solar LLC; Sterling and Wilson Solar Solutions Inc.; Sterling and Wilson Solar Solutions, LLC; Sterling and Wilson Solar Spain, S.L.; Sterling Wilson-SPCPL-Chint Moroccan Venture; SRC Ecotex (India) Private Limited; Townscript PTE. Ltd.; Townscript USA, Inc.; TribeVibe Entertainment Private Limited; Two Platforms Inc.; Vadodara Enviro Channel Limited; Wavetech Helium, Inc .. $ Ceased to be an associate during the year. are presented in accordance with the requirements of Regulations 33 and 52 of the LODR Regulations; and (iii) gives a true and fair view in conformity with the recognition and measurement principles", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 9, "section": "MUMBA\\ * \n~ ~/~~", "subsection": "Responsibilities of the Management and Board of Directors for the Statement", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "990c9a7924881bd5"}, {"chunk_id": "8f4019a2739f41a1", "content": "are presented in accordance with the requirements of Regulations 33 and 52 of the LODR Regulations; and (iii) gives a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards and other accounting principles generally accepted in India of the consolidated net profit and consolidated other comprehensive income and other financial information of the Group for the year then ended. Basis for Opinion on the Audited Consolidated Financial Results for the year ended 31st March, 2025 We conducted our audit in accordance with the Standards on Auditing (\"SA\"s) specified under Section 143(10) of the Companies Act, 2013 (\"the Act\"). Our responsibilities under those Standards are further described in Auditor's Responsibilities section below. We are independent of the Group, its associates and joint ventures in accordance with the Code of Ethics issued by the Institute of Chartered Accountants ofJndia (\"the JCAI\") together with the ethical requirements that are relevant to our audit of the Consolidated Financial Results for the year ended 31 st March, 2025 under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI's Code of Ethics. We believe that the audit evidence obtained by us and the audit evidence obtained by the other auditors in terms", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 9, "section": "MUMBA\\ * \n~ ~/~~", "subsection": "Responsibilities of the Management and Board of Directors for the Statement", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "990c9a7924881bd5"}, {"chunk_id": "98a46fbf8bdcb8d4", "content": "responsibilities in accordance with these requirements and the ICAI's Code of Ethics. We believe that the audit evidence obtained by us and the audit evidence obtained by the other auditors in terms of their reports referred to in Other Matters section below, is sufficient and appropriate to provide a basis for our audit opinion. Responsibilities of the Management and Board of Directors for the Statement The Statement which includes the Consolidated Financial Results is the responsibility of the Parent's Board of Directors and has been approved by them for the issuance. The Consolidated Financial Results for the year ended 3 l st March, 2025 has been compiled from the related audited consolidated financial statements. This responsibility includes the preparation and presentation of the Consolidated Financial Results for the quarter and year ended 31 st March, 2025 that give a true and fair view of the consolidated net profit and consolidated other comprehensive income/(loss) and other financial information of the Group including its associates and joint ventures in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards, prescribed under Section 133 of the Act, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulations 33 and 52 of the LODR Regulations.", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 9, "section": "MUMBA\\ * \n~ ~/~~", "subsection": "Responsibilities of the Management and Board of Directors for the Statement", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "990c9a7924881bd5"}, {"chunk_id": "10fc54c70b544dfa", "content": "The respective Board of Directors of the companies included in the Group and of its associates and joint ventures are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Group and its associates and joint ventures and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the respective financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of this Consolidated Financial Results by the Directors of the Parent, as aforesaid. In preparing the Statement, the respective management and Board of Directors of the companies included in the Group and of its associates and joint ventures are responsible for assessing the ability of the respective entities to continue as a going concern, disclosing, as applicable, matters related to going concerri and using the going concern basis of accounting unless the r ~ ·~ ===-----", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "MUMBA\\ * \n~ ~/~~", "subsection": "Auditor's Responsibilities for the Audit of the Consolidated Financial Results for the year \nended 31st March, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2afee397ac28a705"}, {"chunk_id": "881bb83e9392cb9c", "content": "ability of the respective entities to continue as a going concern, disclosing, as applicable, matters related to going concerri and using the going concern basis of accounting unless the r ~ ·~ ===----- Board of Directors either intends to liquidate their respective entities or to cease operations, or has no realistic alternative but to do so. The respective Board of Directors of the companies included in the Group and of its associates and joint ventures are responsible for overseeing the financial reporting process of the Group and of its associates and joint ventures. Auditor's Responsibilities for the Audit of the Consolidated Financial Results for the year ended 31st March, 2025 Our objectives are to obtain reasonable assurance about whether the Consolidated Financial Results for the year ended 31 st March, 2025 as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this Annual Consolidated Financial Results.", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "MUMBA\\ * \n~ ~/~~", "subsection": "Auditor's Responsibilities for the Audit of the Consolidated Financial Results for the year \nended 31st March, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2afee397ac28a705"}, {"chunk_id": "f07cca88c5e381d5", "content": "expected to influence the economic decisions of users taken on the basis of this Annual Consolidated Financial Results. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: Identify and assess the risks of material misstatement of the Annual Consolidated Financial Results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of such controls. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Board of Directors. Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the requirements specified under Regulations 33 and 52 of the LODR Regulations. Conclude on the appropriateness of the Board of Directors' use of the going concern basis", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "MUMBA\\ * \n~ ~/~~", "subsection": "Auditor's Responsibilities for the Audit of the Consolidated Financial Results for the year \nended 31st March, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2afee397ac28a705"}, {"chunk_id": "4db24eb1343491ff", "content": "Directors in terms of the requirements specified under Regulations 33 and 52 of the LODR Regulations. Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group and its associates and joint ventures to continue as a going concern. Ifwe conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Annual Consolidated Financial Results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group and its associates and joint ventures to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the Annual Consolidated Financial Results, including the disclosures, and whether the Annual Consolidated Financial Results represent the underlying transactions and events in a manner that achieves fair presentation. • Obtain sufficient appropriate audit evidence regarding the Annual standalone/consolidated financial statements/financial results/financial information of the entities within the Group", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "MUMBA\\ * \n~ ~/~~", "subsection": "Auditor's Responsibilities for the Audit of the Consolidated Financial Results for the year \nended 31st March, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2afee397ac28a705"}, {"chunk_id": "337f5a10498a5ec7", "content": "fair presentation. • Obtain sufficient appropriate audit evidence regarding the Annual standalone/consolidated financial statements/financial results/financial information of the entities within the Group and its associates and joint ventures to express an opinion on the Annual Consolidated Financial Results. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the Annual Consolidated Financial Results of which we are the independent auditors. For the other entities included in the Annual Consolidated Financial Results, which have been audited by the other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion. Materiality is the magnitude of misstatements in the Annual Consolidated Financial Results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Annual Consolidated Financial Results may be influenced. We consider quantitative materiality and qualitative factors (i) in planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Annual Consolidated Financial Results. We communicate with those charged with governance of the Parent and such other entities included", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "MUMBA\\ * \n~ ~/~~", "subsection": "Auditor's Responsibilities for the Audit of the Consolidated Financial Results for the year \nended 31st March, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2afee397ac28a705"}, {"chunk_id": "f34e0bcaad3ae844", "content": "the Annual Consolidated Financial Results. We communicate with those charged with governance of the Parent and such other entities included in the Annual Consolidated Financial Results of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings including any significant deficiencies in internal financial controls that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. We also performed procedures in accordance with the Circular No. CIR/CFD/CMDl/44/2019 dated 29th March, 2019 issued by the SEBI under Regulation 33(8) of the LODR Regulations to the extent applicable.", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "MUMBA\\ * \n~ ~/~~", "subsection": "Auditor's Responsibilities for the Audit of the Consolidated Financial Results for the year \nended 31st March, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2afee397ac28a705"}, {"chunk_id": "4b2a9a8dbc87f3c0", "content": "I. The Statement includes the audited standalone/consolidated financial statements/financial results/financial information, in respect of - a. 217 subsidiaries, whose audited standalone/consolidated financial statements/ financial results/financial information reflect total assets of Rs. 659,588 crore as at 31st March, 2025, total revenues of Rs. 655,163 crore, total profit after tax of Rs. I 3,988 crore, total comprehensive income of Rs. 12,360 crore, and net cash outflows of Rs. 6,179 crore for the year ended 31 st March, 2025, as considered in the Statement which have been audited by one of us either individually or jointly with other auditors. b. 12 associates and 10 joint ventures, whose audited standalone/consolidated financial statements/financial results/financial information reflect Group's share of profit after tax of Rs. 195 crore, and total comprehensive income of Rs. 171 crore for the year ended 31 st March, 2025, as considered in the Statement which have been audited by one of us either individually or jointly with other auditors. c. 128 subsidiaries, which have not been audited by us, whose audited standalone/ consolidated financial statements/financial results/financial information reflect total assets of Rs. 900,522 crore as at 31 st March, 2025, total revenues of Rs. 497,946 crore, total profit after tax of Rs. 35,464 crore, total comprehensive income of Rs. 34,889 crore, and net cash inflows of Rs.", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "MUMBA\\ * \n~ ~/~~", "subsection": "Date: 25th April, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "97957cadb5864133"}, {"chunk_id": "4f1acf44ab97e595", "content": "900,522 crore as at 31 st March, 2025, total revenues of Rs. 497,946 crore, total profit after tax of Rs. 35,464 crore, total comprehensive income of Rs. 34,889 crore, and net cash inflows of Rs. 10,302 crore for the year ended 31 st March, 2025, as considered in the Statement which have been audited by other auditors. d. 78 associates and 27 joint ventures, which have not been audited by us, whose audited standalone/consolidated financial statements/financial results/financial information reflect Group's share of profit after tax of Rs. 162 crore and total comprehensive income of Rs. 207 crore for the year ended 31 st March, 2025, as considered in the Statement which have been audited by other auditors. The reports on the annual audited financial statements/financial results/financial information of these entities have been furnished to us by the Management and our opinion on the Annual Consolidated Financial Results, in so far as it relates to the amounts and disclosures included i-n respect of these subsidiaries, associates and joint ventures, is based solely on the reports of such auditors and the procedures performed by us as stated under Auditor's Responsibilities for the Audit of the Annual Consolidated Financial Results section above. Our opinion on the Annual Consolidated Financial Results is not modified in respect of the above matter with respect to our reliance on the work done and the reports of such auditors. 2.", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "MUMBA\\ * \n~ ~/~~", "subsection": "Date: 25th April, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "97957cadb5864133"}, {"chunk_id": "28318ae3698bed71", "content": "section above. Our opinion on the Annual Consolidated Financial Results is not modified in respect of the above matter with respect to our reliance on the work done and the reports of such auditors. 2. The Statement includes the unaudited standalone financial statements/ financial results/financial information, in respect of - a. 28 associates and 13 joint ventures, whose unaudited standalone financial statements/financial results/ financial information reflect Group's share of profit after tax of Rs. 165 crore and total comprehensive income of Rs. 166 crore for the year ended 31 st March, 2025, as considered in the Statement. These annual standalone financial statements/ financial results/ financial information are unaudited and have been furnished to us by the Management and our opinion on the Consolidated Financial Results for the year ended 31 st March, 2025, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, associates, and joint ventures, is based solely on such annual unaudited standalone financial statements/financial results/financial information. In our opinion and according to the information and explanations given to us by the Board of Directors, these standalone financial statements/financial results/financial information are not material to the Group. Our opinion on the Consolidated Financial Results for the year ended 31 st March, 2025 is", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "MUMBA\\ * \n~ ~/~~", "subsection": "Date: 25th April, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "97957cadb5864133"}, {"chunk_id": "5463c37c7bc2958b", "content": "financial statements/financial results/financial information are not material to the Group. Our opinion on the Consolidated Financial Results for the year ended 31 st March, 2025 is not modified in respect of the above matter with respect to our reliance on the standalone financial statements/financial results/financial information certified by the Board of the Directors. 3. The Statement includes the results for the quarter ended 31 st March, 2025 being the balancing figure between audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the current financial year which were subject to limited review by us, as required under the LODR Regulations. Our opinion on the Audit of the Consolidated Financial Results for the year ended 31 st March, 2025 is not modified in respect of this matter. For Deloitte Haskins & Sells LLP Chartered Accountants Firm's Registration No. l l 7366W/W-100018 For Chaturvedi & Shah LLP Chartered Accountants Firm's Registration No. 101720W/W-100355 Abhijit A. Damle Partner Membership No.102912 UDIN: 25102912BMLCDC9291 Sandesh Ladha Partner Membership No. 047841 UDIN: 25047841BMIHND2168 Date: 25th April, 2025 Date: 25th April, 2025 Name ofthe Company: RcUance lndustrks Limited Registered Office: 3rd Floor, Maker Chamben, IV, 222~ \"Nariman Point, Mumbai 400 021 AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER /YEAR ENDED 31ST MARCH, 2025", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "MUMBA\\ * \n~ ~/~~", "subsection": "Date: 25th April, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "97957cadb5864133"}, {"chunk_id": "720f809c0daa0493", "content": "Registered Office: 3rd Floor, Maker Chamben, IV, 222~ \"Nariman Point, Mumbai 400 021 AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER /YEAR ENDED 31ST MARCH, 2025 in crore exce t er share data and ratios Particulars Quarter Ended Year Ended Income Value of Sales & Services (Revenue) ~ess: GST Recovered • Revenue from Operations Olher Income •", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "MUMBA\\ * \n~ ~/~~", "subsection": "Date: 25th April, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "97957cadb5864133"}, {"chunk_id": "3afc5ba16db73829", "content": "21::~~: i{l~t,(1\\9t;f !111:~: ]ill i~'~1 267,186 23,321 243,865 4,214 243,079 1,000,122 85,650 914,472 16,057 930,529 Total Income Expenses Cost of Materials Consumed Purchases rif Stocksin-Trade Changes in Inventories of Finished Goods, Workcin- Progress and Stock-iii-Trade Excise Duty Employee Benefits Expense Finance Costs Depreciation / Amortisation a.nd Depletion Expense Other Expenses 3,879 7,155 6,179 13,181 ~6,083 219,436 28,643 13,408 25,679 23,118 50,832 127,809 82~,189 104,340 Profit Before.Tax Tax Expenses Current Tax Deferred Tax Profit After Tax 13,590 12,117 78,633 387 Share of Profit/ Loss of Associates and Joint Ventures Profit After Tax and Share of Profit/ (Loss) of Associates and Joint Ventures Other Comprehensive Income I liems that will not be reclassified to Profit or Loss II Income tax relating to items thatwill not be reclassified to Profit or Loss Ill Items that will be reclassified to Profit or Loss IV Income tax relating to items that will be reclassified to Profit or Loss Total Other Comprehensive Income I (Loss) (Net of Tax Total Com rehensive Income for the Period Net Profit attributable to: a) Owners of the Company b) Non-Controlling Interest Other Comprehensive Income attributable to: a) Owners of the Company b) Non-Controlling Interest Total Comprehensive lnc.ome attributable to:", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "21::~~: i{l~t,(1\\9t;f !111:~: \n]ill i~'~1", "subsection": "Share of Profit/ Loss of Associates and Joint Ventures \nProfit After Tax and Share of Profit/ (Loss) of \nAssociates and Joint Ventures \nOther Comprehensive Income \nI \nliems that will not be reclassified to Profit or Loss", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d48c91726a29fcf2"}, {"chunk_id": "5f2372c70033e888", "content": "21,ass ,:;;f.i1i' 2,391 • • .. . .. 1},6$.ii: a) Owners of the Company b Non-Controliin Interest ·Registered.Office: Corporate Communications: Telephone (+91 22) 3555 5000 Maker Chambers IV 3rd Floor, 222, Nariman Point l'vh.unbai 400 021. India ~faker Chambers IV Telefax 9th Floor, Narlman Point Internet Mumbai 400 021, India CIN (+91 22) 3555 5185 www.ril.coi11;·i11vcstor.relatio11s(,v.ril.com Ll71 IOMIIJ97JPLC0l9786", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "21,ass \n,:;;f.i1i' \n2,391 \n• • .. . .. 1},6$.ii:", "subsection": "Share of Profit/ Loss of Associates and Joint Ventures \nProfit After Tax and Share of Profit/ (Loss) of \nAssociates and Joint Ventures \nOther Comprehensive Income \nI \nliems that will not be reclassified to Profit or Loss", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8dc78351652743d2"}, {"chunk_id": "893d67458c345b8c", "content": "Earnings per equity share (Fa~e Valµe of f 10/-) (Not Annualised for the. quarter) (Refer Note 5) a) Basic (in~) b) Diluted {in ,) Paid-up Equity Share Capital (Equity Shares of face value oft 10/- e1:1ch) • • • Other Equity excluding Revaluation Reserve Capital Redemption Reserve/Debenture Red~mption Reserve Net Worth includin Retained Earriin s Ratibs a) Debt Service Coverage Ratio b) Interest Service Coverage Ratio c) Debt Equity Ratio d) Ourren!Ratio e) Long-term debt to working capital n Bae! debts to Account receivable ratio g) Current' liability ratio h) Total debts to total assets i) Debtors turnover J j) Inventory turnover$ k) Operating margin(%) I Net rofit mar in % 2.17 5.64 0.42 1.10 2.97 2.19 5;51 0.41 1.18 2;27 0.48 0.18 33.30 5.73 11.1 $ Ratios for the quarter have been annualised Registered Office: Corporate Communications: Telephone Maker Chambers IV Maker Chambers IV TeJcfa.,..,_ 3rd Floor, 222, Nariman Poin! 9th.Floor, Nariinan Point Internet Mumbai 400 021, India Mumbai 400 021, India CIN (+91 22) 3555 5000 (+91 22) 3S55 5185 _www.ril.com; invesfor.relatfons@11'il.co111 LI71 JOMHl973PLC019786 AUDITED CONSOLIDATED BALANCE SHEET AS AT 31sr MARCH, 2025 Particulars ASSETS Non-Current Assets Property, Plant and Equipment Spectrum Other.Intangible Assets Goodwill Capital Work-insProgress Spectrum Under Development 606,084 69,852. 89,060 14,989 152,382 129;~02 Other Intangible Assets Under Development Financial Assets Investments Loans Other Financial Assets Deferred Tax Assets (Net) Other Non,Current Assets", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in %", "subsection": "31, 2025 is more than 1.25 times of the principal and interest accrued of the said Secured Non-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ca5b438089a4e106"}, {"chunk_id": "e8bf901271bfca4f", "content": "Spectrum Under Development 606,084 69,852. 89,060 14,989 152,382 129;~02 Other Intangible Assets Under Development Financial Assets Investments Loans Other Financial Assets Deferred Tax Assets (Net) Other Non,Current Assets Total Non-Current Assets Current Assets Inventories Financial Assets Investments Trade Receivables Cash and Cash Equiva1eilts Loans Other Financial Assets Other Current Assets Total Current Assets Total Assets EQUITY AND LIABILITIES Equity Equity Share Capital Other Equity Non-Controlling Interest Total Equity 938 43,085 1,285,886 106,170 31.628 97,225 2,517 23,965 55,825 470,100 1,755,986 6,766 786;715 132;307 925,788 Liabilities Non-Current Liabilities Financial Liabilities Borrowings Leas·e Uabilities Deferred Payment LiabiHlies Other Financial Liabilities Provisions Deferred Tax Liabilities (Net) Other Non-Current Liabilities Total Non-Current Liabilities Current Liabilities Financial liabilities Borrowings Lease Liabilities Trade Payables Other Financial Liabilities Other Current Liabilities Provisions TotalCurrent Liabilities Total Liabilities Total Equity and Liabilities 101,910 4,105 178,377 55,602 55,198 2,175 397,367 830,198 1,755,986 .... •.•·~--~-.. ----·~··\"•·····• .......... ~---~-----··~·-\"·\"~'\"\"\"\"\"~-··-· .. --... .,.-... ~ ..... _. _____ ,,~ -----~ ...... _.,, ....... , ... ,,_.__,~,.-.......... , _,. ... -·- , ., . ··-· ~ ~--·-,,., ........... ..., ... ~,·-······ .. ,·~-~-.,,- .,., ., ............. ,. ··~··· --~· , .. , ... , ,----····~-·~·~··· . Registered Office: !\\faker Chambers IV Jrd Floor, 222, Nari man Point Corporate Communications: Tc;kphonc", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in %", "subsection": "31, 2025 is more than 1.25 times of the principal and interest accrued of the said Secured Non-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ca5b438089a4e106"}, {"chunk_id": "191214bcb6ca2251", "content": "Registered Office: !\\faker Chambers IV Jrd Floor, 222, Nari man Point Corporate Communications: Tc;kphonc (+91 22) 3555 5000 Maker Chambers IV Telefax (+91 22) 3555 5185 9th Floor, Nariman Point Mumbai 400 021, India Internet CIN l'vli.tmbai 400 02 I, India ~Jrn·. ril.mm; invcstor.reiations{Wril.com Ll7IIOMH1973PLC0I9786 AUDITED CONSOLIDATED CASH FLOW STATEMENT FORTH!: YEAR ENDED 31sr MARCH, 2025 A. CASH FLOW FROM OPERATING ACTIVITIES: Net Profit Before Tax as per Statement of Profit and Loss Aqjusted for: Loss on Sale I Discard of Property, Plant and Equiprnent and Other lntangi~le Assets (Net) Depreciation / Amortisation and Depletion Expense Effect of Exchange Rate Change Net Gain on Financial.A.$$ets • Divid.end Income interest Income Finance Costs Operating Profit before Working Capital Changes 178 50,832 (1;330) (1,921} (89) (10,745) 23,118 Inventories Trade and Other Payables Cash Generated from Operations Taxes Paid (Net) Net Cash Flow from O eratin Activities Trad.e and Other Receivables 34,796 170,749 (11,9q1) B.. CASH FLOW FROM INVESTING ACTIVITIES: . Expenditure on Property, Plant and Equipment, Spectrum and Other Intangible As!,ets Proceeds from disposal of Property, Plant and Equipmehtand Other Intangible Assets Purchase of Investments • • • • • • • Proceeds from Sale of Financial Assets Payment of Deferr~d Payment lic:!bililies interest Income Dividend Income from Associates Dividend Income from Others Net Cash Flow used in lnvestin Activities 15,307 (513;660) • 531,355 (4,423)", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in %", "subsection": "31, 2025 is more than 1.25 times of the principal and interest accrued of the said Secured Non-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ca5b438089a4e106"}, {"chunk_id": "af9bc7738435fc94", "content": "Payment of Deferr~d Payment lic:!bililies interest Income Dividend Income from Associates Dividend Income from Others Net Cash Flow used in lnvestin Activities 15,307 (513;660) • 531,355 (4,423) Proceeds from Issue of Equity Share Capital Proceeds from lssu:e cif Share Capital to Non-Controlling Interest (Net of Dividend Paid) Net Proceeds.from Rights Issue Payments to Non-Controlling lnterestShareholders towar-ds Capital Reduction Payment of Lease Liabilities Proceeds from Borrowings - Non-Current (including current maturities) Repaymeht of Borrowings - Non-Current (including currentmaturities) Bor'Towihgs - Current (Net) • Payment of Dividend to Equity Holders of the, Company Payment of Dividend to Non-Controlling Interest Interest Paid Net Cash Flow used in Financing Activities Net Increase in Cash and Cash Equivalents Opening Balance of Cash and Cash Equivalents Closin Balance of Cash and Cash E uivalents #~ 2,200,000 * ,z 150,000 C. • CASH FLOW FROM FINANCiNG ACTIVITIES: 69;610 (35,055) (25,293) (6,089) . . . • . . . . . . : ......... , ... _,.,-~ .. ·• •••• ·:·' -:·· ... _, ······--··~---··. •. ,.,. • \"\" ,., ........... , .. ,.~-- ..... ,. _ ... ~. --- .•• •·. -~- • • • - • -~ .. -- -·. •. ·---- __ .. __ ._._., -# Regist~recl Office: Maker Chambers IV 3rd Floor, 222, Narirnan Point Mumbai 400 ()21, India Corporate Communic.adons.: Telephone (+91 22)3555 ::i0OO Maker Cha.inbets IV Telefax (+91 22) 3555 51 ~5 9th Floor, Natiri1an Point Internet", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in %", "subsection": "31, 2025 is more than 1.25 times of the principal and interest accrued of the said Secured Non-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ca5b438089a4e106"}, {"chunk_id": "a0be503ed3478eef", "content": "Regist~recl Office: Maker Chambers IV 3rd Floor, 222, Narirnan Point Mumbai 400 ()21, India Corporate Communic.adons.: Telephone (+91 22)3555 ::i0OO Maker Cha.inbets IV Telefax (+91 22) 3555 51 ~5 9th Floor, Natiri1an Point Internet wwv.'.ril.com: ihvestor.reia1ioi1s(tvril.coni Mumbai400 021, India CIN Li71 IOMH197lPLC019786 1. The figures for the corresponding previous periods have been regrouped/ reclassified wherever necessary, to make them comparable. The figures for quarter ended March 31, 2025 are balancing figures between the audited figures of the full financial year and the limited reviewed year-to-date figures upto the third quarter of 2. The Board of Directors has recommended dividend of~ 5.5/- per fully paid up equity share of ~ 10/- each for the financial year ended March 31, 2025. This payment of dividend is subject to approval of members of the Company at ensuing Annual General Meeting of the Company. 3. Total Non-Convertible Debentures of the Group outstanding (before netting off prepaid finance charges and Fair Valuation Impact) as on March 31, 2025 are ~ 30,039 crore out of which, Secured Non-Convertible Debentures are ~ 21,000 crore. The Secured Non-Convertible Debentures of the Group aggregating~ 21,000 crore as on March 31, 2025 are secured by way of first charge on the Group's certain movable properties. The security cover in respect of the Secured Non-Convertible Debentures of the Group as on March", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in %", "subsection": "31, 2025 is more than 1.25 times of the principal and interest accrued of the said Secured Non-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ca5b438089a4e106"}, {"chunk_id": "c3e973610beaee4a", "content": "31, 2025 are secured by way of first charge on the Group's certain movable properties. The security cover in respect of the Secured Non-Convertible Debentures of the Group as on March 31, 2025 is more than 1.25 times of the principal and interest accrued of the said Secured Non- Convertible Debentures. During the year April 2024 to March 2025, the Group redeemed / purchased and cancelled", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in %", "subsection": "31, 2025 is more than 1.25 times of the principal and interest accrued of the said Secured Non-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ca5b438089a4e106"}, {"chunk_id": "e4ef5846f967782f", "content": "Listed Unsecured Redeemable Non-Convertible Debentures of ~ 1,437 crore (PPD 3), Listed Unsecured Redeemable Non-Convertible Debentures amounting to~ 850 crore (PPD 5 - Option 2) and of ~ 5,000 crore (PPD 17); and effected part redemption of ~ 1,000 crore of Listed Secured Redeemable Non-Convertible Debentures (PPD 8). Registered Office: Maker Chambers .IV 3rd Floor, 222, Nariman Point i\\fombai 400 021, India Corporate Communications: Telephone !\\faker Chambers IV Telefa'\\'. 9th Floor, Nariman Point Internet Mumbai 400 021, India CIN (+91 22) 3555 5000 (+9122)35555185 ,,w\\\\,.dLrom: investor .relations((hi I.com LI 71 IOMII I973PLC0l9786 4. Formulae for computation of ratios are as follows - a) Debt Service Coverage Earnings before 1.nterest and Tax Ratio • Interest Expense+ Principal Repayments made during the period for long term loans b) Interest Service Earnings before Interest and Tax Coverage Ratio Interest Expense c) Debt Equity Ratio Total Debt d) Current Ratio Current Assets e) Long term debt to Non-Current Borrowings (Including Current Maturities of Non- working capital Current Borrowings) Current Assets Less Current Liabilities (Excluding Cur:rerit Maturities of Non-Current Elorrowings) f) B.ao debts to account Bad Debts receivable ratio Average Trade Receivables g) Current liability ratio· Total Current Liabilities h) Total debts to total Tot1;:1I Debt assets Total Assets i} Debtors turnover Value of Sales.& Services AverageTrade Receiva.bles j} Inventory turnover", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 23, "section": "Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in %", "subsection": "the Others segment.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "929f946922375a50"}, {"chunk_id": "c9c2145d40e7bef8", "content": "g) Current liability ratio· Total Current Liabilities h) Total debts to total Tot1;:1I Debt assets Total Assets i} Debtors turnover Value of Sales.& Services AverageTrade Receiva.bles j} Inventory turnover Cost of Goods Sold (Cost of Material Consumed+ Purchases + Changes in Inventory + Manufacturing Expenses) Average Inventories of Finished Goods., Stock-in-Process and. k) Operating margin (%) Earnings before Interest and Tax Value of Sales & Services I) Net profit margin (%) Profit After Tax,and Share of Profit/ (Loss) of Asso.ciates and Joint Ventures Value of Sales & Services Corporate Communications: Telephone (+9122)35555000 (+9122)35555185 3rd Floor, 222, Nadman Point Mumbai 400 021,.India Registered Office:· Maker Chambers IV Maker Chambers IV Telefa,,, 9th Floor, Nariman Point Internet Mumbai 400 021,Jndia CIN ~,ww.ril.com; investor;relationsirv.rll.com Ll7110MHl973PLC0I9786 5. During the year, a) 142,565 partly paid-up equity shares were cancelled post forfeiture; and b) 676,61,86,449 equity shares were allotted lo the eligible holders of equity shares on the record dale (i.e., October 28, 2024) as bonus equity shares by capitalizing securities premium. In accordance with the 'Ind AS 33 - Earnings per Share', the figures of Earnings Per Share for the quarter/year ended March 31, 2024 have been restated to give effect to the allotment of the 6. The Audit Committee has reviewed, and the Board of Directors has approved the above results", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 23, "section": "Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in %", "subsection": "the Others segment.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "929f946922375a50"}, {"chunk_id": "ed825529f18c3370", "content": "quarter/year ended March 31, 2024 have been restated to give effect to the allotment of the 6. The Audit Committee has reviewed, and the Board of Directors has approved the above results and its release al their respective meetings held on April 25, 2025. The Statutory Auditors of the Company have issued audit report with unmodified opinion on the above results. Registered Office: Maker Chambers IV 3rd Floor, 222, Nariman Point tvlurnbai 400 02 I, India Corporate Communications: Telephone Maker Chambers IV Telefax 9th floor. Nariman Point Internet Mumbai 400 021, India CJN ( +91 22) 3555 5000 (+91 22) 3555 5185 w,,-w.ril.com: invcslor.rclations!airil.com 1.171 I0MHl973PLC0I9786 AUDITED CONSOLIDATED SEGMENT INFORMATION FOR THE QUARTER/ YEAR ENDED 31sr MARCH, 2025 Sr. No Particulars Quarter Ended Year Ended 31.st Dec'24 31 st Mar'24 Segment Value of Sales and Services 1 (Revenue) - Oil to Chemicals (02C) - _Oil ahd Gas - Retai_l - Digital Services - others Gross Value of Sales ahd Services Less: Inter Segment Transfers Value.of Sales & Services Less: GST Recovered Revenue from Operations 149,595 6,370 90,351 39,733 12,236 298;285 6,468 76,683 34,741 31,099 291,625 564,749 24,439 306,848, 132,938 26,791 264,834 24,119 240;715 2 Segment Results (EBITDA) - OiLto Chemicals (02C)* • \"Oil arid Gas • - Retail' - Digital Servic$s - Others Total Segment Profit before Interest, Tax and 62,389 20,191 23,108, 56,675 Depreciation,Amori.isation and Depletion 3 Segment Results (EEilT) - Oil toChemicals (02C)* . - Oil and Gas - Retail* - Digital Services - Others 4,222 5,322 10,252 114 14,831 17,524", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 23, "section": "Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in %", "subsection": "the Others segment.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "929f946922375a50"}, {"chunk_id": "3c3fc06e9b1778b6", "content": "62,389 20,191 23,108, 56,675 Depreciation,Amori.isation and Depletion 3 Segment Results (EEilT) - Oil toChemicals (02C)* . - Oil and Gas - Retail* - Digital Services - Others 4,222 5,322 10,252 114 14,831 17,524 33,102 Total Segment Profit before Interest.and Tax (i) Finance Cost (ii) Interest Income (Iii) Other Un-allocable lricome (Net of Expenditure) •• Profit Before Tax (i) Current Tax (ii) Deferred Tax Profit After Tax Share of Profit/ (Loss) of Associates and Joinf •• Ventures Profit After Tax and Share of Profit J (Loss) of Associates and Joint Veritures 32,729 (6,179) 2,801 • Segment results (EBITDA and EBIT) include Interest Income pertaining to the respective segments. Registered Office: t,,1aker Chambers IV 3rd Floor; 222, Nariman Point Corporate Communications:- Telephone. Maker Chambers JV Telefax 9th Floor, Nariman Point Munibai 400 021, India (+91 22) 3555 5000 (+91 22)35555185 ,,·\\1 w.ril.com; investor.relationsriv.ril .com Mumbai 400 021, India 1.,,171 IOMHl971PLCOl9786 - OiltoChemicals (02C) - Oil and Gas -Hetail - Digital Services - Others - Unallocated 36,625 198,765 555,269 252,435 296,570 Total Segment Assets 5 Segment Liabilities - Oil toChemitals (02C) - Oil and Gas • - Retail - Digital Services - .Others - Unallocated Total SegmentLiabilitie!i 127,177 11,842 74,618 237,800 38,759 1;265,790 ·1,887,540 163,563 8,169 84,101 250,021 53,036 1,328,650 127;177 11,842 74,618 237,800 38/59 1,265,790 1,755,986 Registered Office: Maker Chambers IV 3rd Floor, 222, Nariman Point l'\\'lumbai 400 021, India Corporate Communications: Telephone Maker Chambers IV Telefax 91h Fl{.}{)r, Nariman Point Internet", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 23, "section": "Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in %", "subsection": "the Others segment.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "929f946922375a50"}, {"chunk_id": "6528eaec2af7862a", "content": "11,842 74,618 237,800 38/59 1,265,790 1,755,986 Registered Office: Maker Chambers IV 3rd Floor, 222, Nariman Point l'\\'lumbai 400 021, India Corporate Communications: Telephone Maker Chambers IV Telefax 91h Fl{.}{)r, Nariman Point Internet i'Vlumbai 400 021, India CIN (+9122) 3555 5000 (+91 22) 3555 5185 www.riLcom; investor:rcla1ions@ril.coi11 LI7' IOMHl973PLC0l9786 Notes to Segment Information (Consolidated) for the Quarter and Year Ended 31 st March 2025 As per Indian Accounting Standard 108 'Operating Segments', the Company has reported 'Segment Information', as described below: a) The Oil to Chemicals segment includes refining, petrochemicals, fuel retailing, aviation fuel and bulk wholesale marketing. It includes breadth of portfolio spanning transportation fuels, polymers, polyesters and elastomers. The deep and unique integration of O2C business includes world-class assets comprising Refinery Off-Gas Cracker, Aromatics, Gasification, Multi-feed and Gas Crackers along with downstream manufacturing facilities, logistics and supply-chain infrastructure. b) The Oil and Gas segment includes exploration, development, production of crude oil and c) The Retail segment includes consumer retail and range of related services. d) The Digital Services segment includes provision of a range of digital services. e) Other business segments which are not separately reportable have been grouped under Registered Office: Maker Chambers IV 3rd Floor, 222, Nariman Point", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 23, "section": "Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in %", "subsection": "the Others segment.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "929f946922375a50"}, {"chunk_id": "8dc1ec67b1ca2aac", "content": "e) Other business segments which are not separately reportable have been grouped under Registered Office: Maker Chambers IV 3rd Floor, 222, Nariman Point Mumbai 400 021, India ' ~ ·-· • -~--- Corporate Communications: Telephone Maker Chambers IV Telefax 9th Floor, Nariman Point Internet Mumbai 400 021, India CIN (+91 22) 3555 5000 (+9122)35555185 ,,·w,u·il.com: invcslor.rclations@ril.com LI 71 !0MH I 973PLC019786", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 23, "section": "Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in %", "subsection": "the Others segment.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "929f946922375a50"}, {"chunk_id": "d6a76a8ef1d3a8b9", "content": "Deloitte Haskins & Sells LLP Chartered Accountants One International Center Tower 3, 31 st Floor Senapati Bapat Marg Elphinstone Road (West) Mumbai-400013 Maharashtra, India Chaturvedi & Shah LLP Chartered Accountants 912, Tulsiani Chambers 212 Nariman Point Mumbai - 400021 Maharashtra, India Independent Auditor's Report on Audit of the Annual Standalone Financial Results of Reliance Industries Limited (\"the Company\") pursuant to the requirements of Regulations 33 and 52 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation 2015, as amended To the Board of Directors of Reliance Industries Limited We have audited Standalone Financial Results for the year ended 31 st March, 2025 included in the accompanying \"Statement of Standalone Financial Results for the Quarter and Year Ended 31 st March, 2025\" (refer 'Other Matter' section below) of Reliance Industries Limited (\"the Company\"), which includes joint operations (the \"Statement\"), being submitted by the Company pursuant to the requirements of Regulations 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (\"the LODR Regulations\"). In our opinion and to the best of our information and according to the explanations given to us, the Standalone Financial Results for the year ended 31 st March, 2025: (i) are presented in accordance with the requirements of Regulations 33 and 52 of the LODR Regulations; and (ii)", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 26, "section": "Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in %", "subsection": "Auditor's Responsibilities for the Audit of the Standalone Financial Results for the year \nended 3181 March, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c17bd327bc34ac6a"}, {"chunk_id": "447b93edd693d09d", "content": "the Standalone Financial Results for the year ended 31 st March, 2025: (i) are presented in accordance with the requirements of Regulations 33 and 52 of the LODR Regulations; and (ii) gives a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards and other accounting principles generally accepted in India of the net profit and other comprehensive income and other.financial information of the Company for the year then ended. Basis for Opinion on the Audited Standalone Financial Results for the year ended 3!81 March,2025 We conducted our audit in accordance with the Standards on Auditing (\"SA\"s) specified under Section 143(10) of the Companies Act, 2013 (\"the Act\"). Our responsibilities under those Standards are further described in Auditor's Responsibilities section below. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (\"the ICAI\") together with the ethical requirements that are ,,.;.::::=~ i;:.I nt to our audit of the Standalone Financial Results for the year ended 31 st March 202 ~~::::::::,-... under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI's Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 26, "section": "Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in %", "subsection": "Auditor's Responsibilities for the Audit of the Standalone Financial Results for the year \nended 3181 March, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c17bd327bc34ac6a"}, {"chunk_id": "2d7dd2781cbfa546", "content": "responsibilities in accordance with these requirements and the ICAI's Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion. Responsibilities of the Management and Board of Directors for the Statement This Statement which includes the Standalone Financial Results is the responsibility of the Company's Board of Directors and has been approved by them for issuance. The Standalone Financial Results for the year ended 31 st March, 2025 has been compiled from the related audited standalone financial statements. This responsibility includes the preparation and presentation of the Standalone Financial Results for the quarter and year ended 31 st March, 2025 that give a true and fair view of the net profit and other comprehensive income/(loss) and other financial information of the Company in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulations 33 and 52 of the LODR Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 26, "section": "Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in %", "subsection": "Auditor's Responsibilities for the Audit of the Standalone Financial Results for the year \nended 3181 March, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c17bd327bc34ac6a"}, {"chunk_id": "fb48c0cb9d981ccd", "content": "LODR Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company • and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and is free from material misstatement, whether due to fraud or error. In preparing the Statement, the management and Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. The Board of Directors is also responsible for overseeing the financial reporting process of the Company. Auditor's Responsibilities for the Audit of the Standalone Financial Results for the year ended 3181 March, 2025 Our objectives are to obtain reasonable assurance about whether the Standalone Financial", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 26, "section": "Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in %", "subsection": "Auditor's Responsibilities for the Audit of the Standalone Financial Results for the year \nended 3181 March, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c17bd327bc34ac6a"}, {"chunk_id": "3e53213d7df12609", "content": "Auditor's Responsibilities for the Audit of the Standalone Financial Results for the year ended 3181 March, 2025 Our objectives are to obtain reasonable assurance about whether the Standalone Financial Results for the year ended 31 st March, 2025 as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this Annual Standalone Financial Results. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the Annual Standalone Financial Results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 26, "section": "Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in %", "subsection": "Auditor's Responsibilities for the Audit of the Standalone Financial Results for the year \nended 3181 March, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c17bd327bc34ac6a"}, {"chunk_id": "bdced173727a4129", "content": "provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Board of Directors. • Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the requirements specified under Regulations 33 and 52 of the LODR Regulations.", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 26, "section": "Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in %", "subsection": "Auditor's Responsibilities for the Audit of the Standalone Financial Results for the year \nended 3181 March, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "c17bd327bc34ac6a"}, {"chunk_id": "a97ace4e4c5ec6e3", "content": "• Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Company to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Annual Standalone Financial Results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern. • Evaluate the overall presentation, structure and content of the Annual Standalone Financial Results, including the disclosures, and whether the Annual Standalone Financial Results represent the underlying transactions and events in a manner that achieves fair presentation. Materiality is the magnitude of misstatements in the Annual Standalone Financial Results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Annual Financial Results may be influenced. We consider quantitative materiality and qualitative factors (i) in planning the scope of our audit work and", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 28, "section": "Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in %", "subsection": "Date: 25th April, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9a9448c178d198d8"}, {"chunk_id": "686dd584a53aa7af", "content": "knowledgeable user of the Annual Financial Results may be influenced. We consider quantitative materiality and qualitative factors (i) in planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Annual Financial Results. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings including any significant deficiencies in internal financial controls that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. The Statement includes the results for the quarter ended 31 st March, 2025 being the balancing figure between audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the current financial year which were subject to limited review by us, as required under the LODR Regulations. Our opinion on the Audit of the Standalone Financial Results for the year ended 31 st March, 2025 is not modified in respect of this matter. For Deloitte Haskins & Sells LLP Chartered Accountants", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 28, "section": "Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in %", "subsection": "Date: 25th April, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9a9448c178d198d8"}, {"chunk_id": "c5b8354811b60b61", "content": "Our opinion on the Audit of the Standalone Financial Results for the year ended 31 st March, 2025 is not modified in respect of this matter. For Deloitte Haskins & Sells LLP Chartered Accountants Firm's Registration No. l 17366W/W-100018 For Chaturvedi & Shah LLP Chartered Accountants Firm's Registration No. 101720W/W-100355 Abhijit A. Damle Partner Membership No. I 02912 UDIN: 25102912BMLCDB5058 Sandesh Ladha Partner Membership No. 047841 UDIN: 25047841BMIHNC4121 Date: 25th April, 2025 Date: 25th April, 2025 AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER/ YEAR ENDED 31sr MARCH, 2025 t. in crore,. except per share data and ratios Particulars Quarter Ended Year Ended 31st Dec'24 31 51.Mar'24 Income Value of Sales & Seivices {Revenue) Less: GST Recovered Revenue from Operations Other Income Total Income Expenses Cost of Materials Consumed Purchases ofStock~ifl'-Trade", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 28, "section": "Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in %", "subsection": "Date: 25th April, 2025", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9a9448c178d198d8"}, {"chunk_id": "4568c765d518fde1", "content": "Xi;t:;:f }:mJtji •• \" ,,11cm,~~£~~~, Changes in Inventories of Finished Goods, Work~in, Progress and Stock-in-Trade Excise Duty Employee Benefits Expense· Finance Costs Depreciation I Amortisation andDepletion Expense Other Expenses • Total Expenses Profit Before Tax Tax Expenses CurrentTax Deferred Tax Profit After Tax Other Compreh!!nsive Income Items that will not ~e reclassified to Profit or Loss 3,879 2,181 2,371 4,459 15,607 119,877 11,597 4,182 1,946 3,613 4,856 16,673 139,460 13,408 7,807 1~,430 17,690 59,891 504;797 55,273 10,922 2,309 42,042 11 Income tax relating to items that will not be reclasstfied to Profit or Loss HI Items that will be reclassified to Profit or Loss IV Income tax relating to items that wHI ~e reclassified to Profit or Loss Total Other Comprehensive Income/ (Loss) (Net of Tax Total Com rehensive Income for the Period Earnings per equity share (Face Value of if 10/-) (Not Annualised fi:>r the quarter) (Refer Note 5) a) Basic (in ~) b) Diluted (in ') Paid Lip Equity Share Capital (Equity Shares of face value on 10/- each) Other Equity excluding Revaluation Reserve Capital Redemption Reserve/Debenture Redemption Reserve Net Worth includin Retained Earhin s ,.,, ......... ,, ..... , ........ ,,,.,_ .......... ,,,,.,,.,, ........... ,,,._. ..... ,.,,., ....... , ...... ,, ........ _.,,, ......... _ .. ,,,, .......... -.. ,, ... ,.,, .... -•-----------·······•···• .. ·····-···-···----·-·····---··-··\"-··-· Registered Office: !'-.·lakc.r Chambers IV 3rd Floor, 222, Nariman Point Corporate Communications:", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 28, "section": "Xi;t:;:f }:mJtji •• \" \n,,11cm,~~£~~~,", "subsection": ",.,, ......... ,, ..... , ........ ,,,.,_ .......... ,,,,.,,.,, ........... ,,,._. ..... ,.,,., ....... , ...... ,, ........ _.,,, ......... _ \n.. ,,,, .......... -.. ,, ... ,.,, .... -•-----------·······•···• .. ·····-···-···----·-·····---··-··\"-··-· \nRegistered Office: \n!'-.·lakc.r Chambers IV \n3rd Floor, 222, Nariman Point", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f2f00898c896e53d"}, {"chunk_id": "c8fca6b80a4cee5d", "content": ".. ,,,, .......... -.. ,, ... ,.,, .... -•-----------·······•···• .. ·····-···-···----·-·····---··-··\"-··-· Registered Office: !'-.·lakc.r Chambers IV 3rd Floor, 222, Nariman Point Corporate Communications: Telephone Maker Chambers.IV Telefax 9th.Floor, Nariman Point Internet Mumbai 400 021, India CIN {+91 22) 3555 5000 (+91 22) 3555 5185 wwwxil.com; inves!or.i-elations(ti1ril.coi11", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 28, "section": "Xi;t:;:f }:mJtji •• \" \n,,11cm,~~£~~~,", "subsection": ",.,, ......... ,, ..... , ........ ,,,.,_ .......... ,,,,.,,.,, ........... ,,,._. ..... ,.,,., ....... , ...... ,, ........ _.,,, ......... _ \n.. ,,,, .......... -.. ,, ... ,.,, .... -•-----------·······•···• .. ·····-···-···----·-·····---··-··\"-··-· \nRegistered Office: \n!'-.·lakc.r Chambers IV \n3rd Floor, 222, Nariman Point", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f2f00898c896e53d"}, {"chunk_id": "69b9598ef734c47b", "content": "Ratios a) Debt Service Coverage Ratio b) Interest Service Coverage Ratio c) Debt Equity Ratio d) CLirreht Ratio e) Long term debt to working capital n Bad de):lts to Account receivable ratio. g) Current liability ratio h) Total debts to totalassets i) Debtors turnovers j) Inventory turnover$ k) Operating margin(%) 1 • Net Profit ma~ in % 5Ralios for the quarter have been anmialised. 3.20 5.89 0.40 1,01 6.25 3.41 5.11 0.41 1.09 3.47 1.84 5A2 0.41 1.09 3.47 0.56 0.22 39.92 6.26 8.0 6,5 ••, ,,,, •• ,.;••·'-\"'-~\"•••··•~\"\"\"'''''''\"~''\"·•·••·,· .. • .. ,._·,, • .,.. ••••••••• ~•·•~··· .. ··• .. - - - ,.~,-v• , ••• •··-····•···~•··,.•·•·,._·,.,.~'-.,_., •• ,,,,,. ____ ~_ ~';\"'<\"·~_.,, •• ~,--~--•-,,_., ••••• _,r,- -~--~··,r..,. _ _.... r•~· .••• ..,.~.b~.·. • Registered Office: Maker ChamlmslV 3rd Floor, 222, Nariman Point Mumbai 400 021; India Corporate Communications: Maker ChanibetsIV 9th Floor, Nariman Point Mumbai 400 021, India (+91 22)3555 5600 (+9122)35555185 w-.:~w.ril.corn~ investoi•_relations(mril,con1 LI 711 OMH1973PLCO 19786 AUDITED STANDALONE BALANCE SHEET AS AT 31ST MARCH1 2025 (fin crore As at 31 st March, 2024 Particulars ASSETS Non-Current Assets Property, Plant and Equipment. Intangible Assets Capital Work-in-Progress Intangible Assets Under Development Financial Assets Investments Loans Others Financial Assets Other Nbn~CurrentASsets Total Non-Current Assets Current Assets Inventories Financial Assets lnvestm.ents Trade Receivables Cash and Cash Equivalents Others Financial Assets Other Current Assets", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 31, "section": "Ratios \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nCLirreht Ratio \ne) \nLong term debt to working capital \nn \nBad de):lts to Account receivable ratio. \ng) \nCurrent liability ratio \nh) \nTotal debts to totalassets \ni) \nDebtors turnovers \nj) \nInventory turnover$ \nk) \nOperating margin(%) \n1 • \nNet Profit ma~ in % \n5Ralios for the quarter have been anmialised.", "subsection": "z in crdre \nYear Ended \n31•t March, 2024", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "849e95d9dc86596a"}, {"chunk_id": "8e9b6f5071cbb25f", "content": "Loans Others Financial Assets Other Nbn~CurrentASsets Total Non-Current Assets Current Assets Inventories Financial Assets lnvestm.ents Trade Receivables Cash and Cash Equivalents Others Financial Assets Other Current Assets Total CurrentAssets Total Assets 258,911 40,719 44,294 17,338 301,400 10,051 16,902 68,663 14,740 69,248 11,747 13,127 262,625 959,643 EQUITY AND LIABILITIES Equity Share Capital Other Equity Total Equity 6,766 508,330 515,096 Non-Current Liabilities Financial Liabiiities Borrowings Lease Liabilities Other Financial Liabilities Provisions Deferred Tax Liabililies (Net) Other Non-Current Liabilities Total Non~Current Liabilities Current Liabilities Financial Li;:ibilities 1;701 36,259 2,822 204,533 Borrowlngs Lease Liabilities Trade Payables due to: M!cro and Small Enterprises Other than Micro and Small Enterprises OtherFinancial Liabilities Other Curren! Liabilities Provisions Total Current Lia~ilities Total Liabilities 27,493 30,866 972 240,014 444,547 Total Equity and Liabilities •,-.. ,. ~-~-~-~-,~.~--,~-. .,.,-.. ,•,~~ ~•~• ~~•---- , .. , ,.,-,.,•-•~••••,•~~~-,~ -~•m•~••••••,••~•••••••••• r.~••--~ ••~•• •,~, • ., ........ ,.~~-~ - • •~•••• • •• ~• • •• ••• ~~ •• • •• • ~ • •• • •-•' •• • -• • •••• •• ••• ••••••A••••~••••••• • ••-•---••- •••A-'••• Registered Office: Maker Chambers IV 3rd Floor, i22, Nariman Point t\\llumbai 40() 021, India Corporate Cpmmunications: Telephone Maker Chambers lV Telefax 9th Floor, Nariman Point Internet Mumbai 400021, India CIN (+91 22) 3555 5000 (+9i 22) 3555 5185 w\\1W.r1!.com; invcstorxelat1ons@ril.com", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 31, "section": "Ratios \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nCLirreht Ratio \ne) \nLong term debt to working capital \nn \nBad de):lts to Account receivable ratio. \ng) \nCurrent liability ratio \nh) \nTotal debts to totalassets \ni) \nDebtors turnovers \nj) \nInventory turnover$ \nk) \nOperating margin(%) \n1 • \nNet Profit ma~ in % \n5Ralios for the quarter have been anmialised.", "subsection": "z in crdre \nYear Ended \n31•t March, 2024", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "849e95d9dc86596a"}, {"chunk_id": "3907bcfe9d44d8e4", "content": "t\\llumbai 40() 021, India Corporate Cpmmunications: Telephone Maker Chambers lV Telefax 9th Floor, Nariman Point Internet Mumbai 400021, India CIN (+91 22) 3555 5000 (+9i 22) 3555 5185 w\\1W.r1!.com; invcstorxelat1ons@ril.com AUDITED STANDALONE CASH FLOW STATEMENT FOR THE YEAR ENDED 31sr MARCH, 2025 z in crdre Year Ended 31•t March, 2024 Year Ended 31st Marchi2025. A. CASH FLOW FROM OPERATING ACTIVITIES Net Profit Before Tax as per Statement of Profit and Loss Adjusted for:", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 31, "section": "Ratios \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nCLirreht Ratio \ne) \nLong term debt to working capital \nn \nBad de):lts to Account receivable ratio. \ng) \nCurrent liability ratio \nh) \nTotal debts to totalassets \ni) \nDebtors turnovers \nj) \nInventory turnover$ \nk) \nOperating margin(%) \n1 • \nNet Profit ma~ in % \n5Ralios for the quarter have been anmialised.", "subsection": "z in crdre \nYear Ended \n31•t March, 2024", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "849e95d9dc86596a"}, {"chunk_id": "478e57f25c6be532", "content": "Adjusted for: Trade and OtherReceivables Inventories Trade and Other Payables Cash Generated from Operations Taxes Paid (Net) Net Cash Flow from O eratin Activities 9,930 (344) 1,761 83,244 9,246 73;998 8. CASH FLOW FROM INVESTING ACTIVITIES Expenditure on Property, Plant and Equipment and Intangible Assets Proceeds from disposal of Property, Plant and Equipment and Intangible Assets lnveslmentin Subsidiaries Proceeds from Redemption/ Disposal of Investments in Subsidiaries Purchase of Other Investments Proceeds from Sale of Financial Assets Loans repaid - Subsidiaries, Associates; Joint Ventures and Others Interest Income Dividend Income from Subsidiaries, Associates arid Joint Ventures Dividend Income from Others Net Cash Flow used in lnvestin Activities (34,258) 62 (40,506) 4,305 (375;590) C. CASH FLOW FROM FINANCING ACTIVITIES Proceeds from Issue of Equity Share Capital Net Proceeds from Rights Issue Payment of Lease Liabilities Proceeds fromBorrowings - Non-Current(including current maturities) Repayment of Borrowings -Non-Current {including current maturities) Borrowings - Current (Net) Dividend Paid Interest Paid Net Cash Flow used in Financing Activities Net Increase in Cash and Cash Equivalents Opening Balance of Cash and Cash Equivalents Closin Balance of Cash and Cash E uivalents 7 (98) 38,592 (23;930) (19,074) (6,089) 16,873 27,465 8,241 61,007 69,248 ... ,, ... , .. _____ -~----····-······· Registered Office: Corporate Communications: Maker Chambers IV 9th Floor. Nariman Point Mumbai400 02 L India", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 35, "section": "• .·.· G:att)", "subsection": "- Ol.1 to Chernlcals (O2C)* \n9,466 \n13,876 \n• Oil and Ga$ \n5,510 \n5;737 \n- Retail \n11 \n6 \n- Digital Services \n1!:10 \n98 \n- Others \n1,584 \n2,212. \nTotal Segment Profitbefore Interest, Tax and \n16,761 \n21,929 \nDepreciation, Amortisation and Depletion", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "69a562b1333262a3"}, {"chunk_id": "a0b446c58f48ef9f", "content": "7 (98) 38,592 (23;930) (19,074) (6,089) 16,873 27,465 8,241 61,007 69,248 ... ,, ... , .. _____ -~----····-······· Registered Office: Corporate Communications: Maker Chambers IV 9th Floor. Nariman Point Mumbai400 02 L India Telephone Telefax Internet CIN ( +91 22) 3.555 5000 (+9] 22} 35555.185 Maker Chambers.IV 3rd Floor, 222, Nariman Point Murnbai 400 021, India 11·w11.ril.com; investor ,re lalions:\"ii:ri Lcom L 171 l OMH J 973PLC0 19786 1. The figures for the corresponding previous periods have been regrouped/ reclassified wherever necessary, to make them comparable. The figures for quarter ended March 31, 2025 are balancing figures between the audited figures of the full financial year and the limited reviewed year-to-date figures upto the third quarter of 2. The Board of Directors has recommended dividend of~ 5.5/- per fully paid up equity share of ~ 10/- each for the financial year ended March 31, 2025. This payment of dividend is subject to approval of members of the Company at ensuing Annual General Meeting of the Company. 3. Total Non-Convertible Debentures of the Company outstanding (before netting off prepaid finance charges and Fair Valuation Impact) as on March 31, 2025 are ~ 30,039 crore out of which, Secured Non-Convertible Debentures are~ 21,000 crore. The Secured Non-Convertible Debentures of the Company aggregating ~ 21,000 crore as on March 31, 2025 are secured by way of first charge on the Company's certain movable properties.", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 35, "section": "• .·.· G:att)", "subsection": "- Ol.1 to Chernlcals (O2C)* \n9,466 \n13,876 \n• Oil and Ga$ \n5,510 \n5;737 \n- Retail \n11 \n6 \n- Digital Services \n1!:10 \n98 \n- Others \n1,584 \n2,212. \nTotal Segment Profitbefore Interest, Tax and \n16,761 \n21,929 \nDepreciation, Amortisation and Depletion", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "69a562b1333262a3"}, {"chunk_id": "9638fe6ee320c07f", "content": "The Secured Non-Convertible Debentures of the Company aggregating ~ 21,000 crore as on March 31, 2025 are secured by way of first charge on the Company's certain movable properties. The security cover in respect of the Secured Non-Convertible Debentures of the Company as on March 31, 2025 is more than 1.25 times of the principal and interest accrued of the said Secured Non-Convertible Debentures. During the year April 2024 to March 2025, the Company redeemed Listed Unsecured Redeemable Non-Convertible Debentures amounting to ~ 1,437 crore (PPD 3), Listed Unsecured Redeemable Non-Convertible Debentures amounting to~ 850 crore (PPD 5 - Option 2) and effected part redemption of ~ 1,000 crore of Listed Secured Redeemable Non- Convertible Debentures (PPD 8). ---- --- . , --··-- Corporate Communications: Telephone Maker Chambers IV Telefax 9th Floor, Nariman Point Internet rvlumbai 400 02 I, India CJN Registered Office: Maker Chambers IV 3rd Floor, 222, Nariman Point rvlumbai 400 021, India (+91 22) 3555 5000 (+91 22) 3555 5185 w\\n,·. ri I.com: in vcstor. rel at ions(ll;ri I. corn Ll71 IOMHl973PLC0l9786 4. Formulae for computation of ratios are as follows - Sr. Ratios Formulae a) Debt Servi.ce Coverage Earnings before Interest and Tax Ratio Interest Expense+ Principal Repayments niade during the period for long term loans b) Interest Service Earnings before Interest and Tax Coverage Ratio Interest Expense. c) Debt Equity Ratio Total Debt d) Current· Ratio Current Assets e) Long terrn debt to", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 35, "section": "• .·.· G:att)", "subsection": "- Ol.1 to Chernlcals (O2C)* \n9,466 \n13,876 \n• Oil and Ga$ \n5,510 \n5;737 \n- Retail \n11 \n6 \n- Digital Services \n1!:10 \n98 \n- Others \n1,584 \n2,212. \nTotal Segment Profitbefore Interest, Tax and \n16,761 \n21,929 \nDepreciation, Amortisation and Depletion", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "69a562b1333262a3"}, {"chunk_id": "343a7b931bef5dac", "content": "period for long term loans b) Interest Service Earnings before Interest and Tax Coverage Ratio Interest Expense. c) Debt Equity Ratio Total Debt d) Current· Ratio Current Assets e) Long terrn debt to Non,.Current Borrowings (inciudihg Current Maturities of Nori- Working capital Current Borrowings) Current Assets Less Current Liabilities (Excluding Current Maturities of Non-Current Borrowings) f) Bad debts. to account Bad Debts receivable ratio Average Trade Rec.eivables g) Current liability ratio Total Current Liabilities h) Total debts to total Totai Debt assets Total Assets i) Debtors turnover Value of Sales & Services Average Trade Receivables j) Inventory turnover Cost of Goods Sold {Cost of Material Consumed+ Purchases + Changes in Inventory + Manufacturing Expenses) Average Inventories of Finished Goods, Stock-in-Process and k) Operating margin (%) Earnings before Interest and Tax Value of Sales .ac Services I) Net profit margin (%) Profit After Tax Value of Sales & Services Registered Office: CorporateCommunicafionii: Telephope, (+9122) 3555 5000 Maker Chambers IV 3rd Floor; 222, Nariman Point Mumbai 400 021, Inclia Maker Chambers.iv Telefax (+91 22) 3555 5185 9th Floor; Nariman Point Internet W\\V\\f.ri1.Ct)ll1;. investor.relations(mril.com Mumbai 400 021, India ClN Ll71 lOMHl973PLCOl9786 5. During the year, a) 142,565 partly paid-up equity shares were cancelled post forfeiture; and b) 676,61,86,449 equity shares were allotted to the eligible holders of equity shares on the record", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 35, "section": "• .·.· G:att)", "subsection": "- Ol.1 to Chernlcals (O2C)* \n9,466 \n13,876 \n• Oil and Ga$ \n5,510 \n5;737 \n- Retail \n11 \n6 \n- Digital Services \n1!:10 \n98 \n- Others \n1,584 \n2,212. \nTotal Segment Profitbefore Interest, Tax and \n16,761 \n21,929 \nDepreciation, Amortisation and Depletion", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "69a562b1333262a3"}, {"chunk_id": "ced9100d3b528cab", "content": "5. During the year, a) 142,565 partly paid-up equity shares were cancelled post forfeiture; and b) 676,61,86,449 equity shares were allotted to the eligible holders of equity shares on the record date (i.e., October 28, 2024) as bonus equity shares by capitalizing securities premium. In accordance with the 'Ind AS 33- Earnings per Share', the figures of Earnings Per Share for the quarter/year ended March 31, 2024 have been restated to give effect to the allotment of the 6. The Audit Committee has reviewed, and the Board of Directors has approved the above results and its release at their respective meetings held on April 25, 2025. The Statutory Auditors of the Company have issued audit report with unmodified opinion on the above results. Registered Office: Maker Chambers IV 3rd Floor. 222, Nariman Point Mumbai 400 021, India Corporate Communications: Telephone Maker Chambers IV Telefax 9th Floor, Narinrnn Point Internet Mumbai 400 021. India CIN (+91 22) 3555 5000 (+91 22) 3555 5185 ww\\,·.ril.com; investor.rel<itions({l/ril.com ~ in crore. Sr. Quarter Ended Year Ended No. Particulars 31•1 Dec'24 31 st Mar'24 31•1 Mar'24 AUDITED STANDALONE SEGMENT INFORMATION FOR THE QUARTER I YEAR ENDED 31sr MARCH, 2025 1 Segment Value of Sales and Services (Revenue) - Oil to Chemltals (O2C) 123,704 133,862 - Oil and Gas .6,348 6,589 - Retail 19 16 - Digital Services 333 235 - Others 3,623 18;734 GrossVa:lue of Sales and Services 134,227 159,436 Less: Inter Segmen!Transfers 94 130 Value of Sales & Services 134,133 159,306", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 35, "section": "• .·.· G:att)", "subsection": "- Ol.1 to Chernlcals (O2C)* \n9,466 \n13,876 \n• Oil and Ga$ \n5,510 \n5;737 \n- Retail \n11 \n6 \n- Digital Services \n1!:10 \n98 \n- Others \n1,584 \n2,212. \nTotal Segment Profitbefore Interest, Tax and \n16,761 \n21,929 \nDepreciation, Amortisation and Depletion", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "69a562b1333262a3"}, {"chunk_id": "4102dc8e4752e4c6", "content": "123,704 133,862 - Oil and Gas .6,348 6,589 - Retail 19 16 - Digital Services 333 235 - Others 3,623 18;734 GrossVa:lue of Sales and Services 134,227 159,436 Less: Inter Segmen!Transfers 94 130 Value of Sales & Services 134,133 159,306 less: GST Recovered 5;873 8,292. Revenue from Operations 128 260 151 014 507,913 24,523 74 1,916 41,120 575,546 590 574,956 27,014 547,942 2 Segment Results (EBITDA) - Ol.1 to Chernlcals (O2C)* 9,466 13,876 • Oil and Ga$ 5,510 5;737 - Retail 11 6 - Digital Services 1!:10 98 - Others 1,584 2,212. Total Segment Profitbefore Interest, Tax and 16,761 21,929 Depreciation, Amortisation and Depletion", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 35, "section": "• .·.· G:att)", "subsection": "- Ol.1 to Chernlcals (O2C)* \n9,466 \n13,876 \n• Oil and Ga$ \n5,510 \n5;737 \n- Retail \n11 \n6 \n- Digital Services \n1!:10 \n98 \n- Others \n1,584 \n2,212. \nTotal Segment Profitbefore Interest, Tax and \n16,761 \n21,929 \nDepreciation, Amortisation and Depletion", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "69a562b1333262a3"}, {"chunk_id": "b2779195c4320e76", "content": "3 Segment Results (EBIT) - Oil to Chemicals (O2C)* 8;109 12;089 - Oil and Gas 4,176 4,222 - Retail 1 3 - Digital Services 40 5 - Others 256 806 (i) Finance Cost (2,371) (3,613) (ii) Interest Income 2,237 2,438 {iii) Other Un-allocable Income (Net of (&q1) (899) Expenditure) Profit Before Tax 11,597 15,051 {i) CurrentTax (2,483) (3,212) (ii) Deferred Tax 393 556 f Profit After Tax 8,721 11,283 \\(i{t1ti;i;f~5}2!t2i) Total Seament Profit before Interest and Tax 12,582 17,125 55,273 (10,922) 2,309. 42,042 • Segment results (EBITDA and EBIT) include Interest Income pertaining to the respective segments. Registered Office: Maker Chambers IV 3rd Floor, 222, Nariman Point Corporate Communications: Telephone Maker Chambers IV Telefax 9th Floor,. Nariman Point Internet Mumbai 400 021, India CiN (+9! 22j 3555 5000 (+91 22)3555 5185 www.ril.com: investor.relati01is/al,ril.tom Li71 IOMHl973PLCOl9786 Mumbai 400 021, India Sr. No. Particulars Quarter Ended Year Ended 4 Segment Assets - Oil to Chemicals (02C) - Oil and Gas - Retail - Dig ital Services • Others - Unallocated 31s1oec'24 31•1 Mar'24 31•1 Mar'24 332,806 37,681 20,500 66,059 206,270 332,804 996,120 331,147 39,761 20,529 66,155 170,626 331,425 959,643 39,761 20,529 66,155 170,626 331,425 959,643 5 SegmentUabilities - Oil to Chemicals (02C) 100,255 7,616 5 137 17,593 870,514 996,120 87,477 11,136 7 261 , ................ ·,·••·•·•··• 23,542 837,220 959,643 87,477 11,136 7 261 23,542 837,220 959,643 - Oil and Gas - Retail - Digital Services - Others - Unallocated Total Segment Liabilities Registered Office: Makcr.Clrnmbcrs IV 3rd Floor_ 222, Nariman Point Mumbai 400 021, India Cor()orate Communications: Telephone", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 37, "section": "• .·.· G:att)", "subsection": "expense are considered under Unallocated.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "95f09f9cef43bb5c"}, {"chunk_id": "b6b9cfb0fcd9d120", "content": "837,220 959,643 - Oil and Gas - Retail - Digital Services - Others - Unallocated Total Segment Liabilities Registered Office: Makcr.Clrnmbcrs IV 3rd Floor_ 222, Nariman Point Mumbai 400 021, India Cor()orate Communications: Telephone (+91 22) 3555 5000 (+9122) 35555185 Maker Chambers IV Telefax 9th Floor, Nariman Point Intcrnel Mumbai 400 021. India CIN \\1 w,,·.riLcom; invcslor.rcla(ions(<i)ri I .corn Ll71 lOivlH1973PLCOl9786 Notes to Segment Information (Standalone) for the Quarter and Year Ended 31 st March, 2025 As per Indian Accounting Standard 108 'Operating Segments', the Company has reported 'Segment Information', as described below: a) The Oil to Chemicals segment includes refining, petrochemicals, aviation fuel and bulk wholesale marketing. It includes breadth of portfolio spanning transportation fuels, polymers, polyesters and elastomers. The deep and unique integration of O2C business includes world- class assets comprising Refinery Off-Gas Cracker, Aromatics, Multi-feed and Gas Crackers along with downstream manufacturing facilities, logistics and supply-chain infrastructure. b) The Oil and Gas segment includes exploration, development, production of crude oil and c) The Retail segment includes consumer retail & its range of related services and investment d) The Digital Services segment includes provision of a range of digital services and investment e) All other business segments which are not separately reportable have been grouped under", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 37, "section": "• .·.· G:att)", "subsection": "expense are considered under Unallocated.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "95f09f9cef43bb5c"}, {"chunk_id": "a525aceebb934658", "content": "d) The Digital Services segment includes provision of a range of digital services and investment e) All other business segments which are not separately reportable have been grouped under f) Other investments/ assets/ liabilities, long-term resources raised by the Company, business trade financing liabilities managed by the centralised treasury function and related income/ expense are considered under Unallocated. Mukesh D Am ni Chairman & Managing Director Registered Office: Maker Chambers IV 3rd Floor. 222, Nari111an Point Mumbai 400 021. India Corporate Communications: Telephone Maker Chambers JV Telefax 9th Floor, Nari111an Point Internet Mumbai 400 02 1. India CIN (+91 22) 3555 5000 (+91 22) 3555 5185 \\\\ w\\\\·.ri I.com; in vcstor. rel at ions@ri I .com", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 37, "section": "• .·.· G:att)", "subsection": "expense are considered under Unallocated.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "95f09f9cef43bb5c"}, {"chunk_id": "8711c7ac0466afe8", "content": "[TABLE] Company: REL | Year: FY2025 | Section: Introduction > i. \nAudited Financial Results (Consolidated and Standalone) for the quarter / year \nended March 31, 2025; and \nii. \nAuditors’ Reports with unmodified opinions on the aforesaid Audited Financial \nResults (Consolidated and Standalone). \n \nThe meeting of the Board of Directors commenced at 5:00 p.m. and discussions on \nthe above agenda items concluded at 7:25 p.m. The Board Meeting is continuing for \nconsideration of other agenda items. | Page: 1\n\n|  |  |  | 0 |  |  |\n|---|---|---|---|---|---|\n|  |  | R | eliance |  |  |\n|  |  | Indu | stries Limited |  |  |\n|  |  |  |  |  | April 25, 2025 |\n| BSE L | imited |  | Nation | al Stock Exchange | of India Limit |\n| Phiroz | e Jeejeebhoy Towe | rs, | Exchan | ge Plaza, Plot No. | C/1, G Block, |\n| Dalal S | treet, |  | Bandra | -Kurla Complex, |  |\n| Mumb | ai 400 001 |  | Bandra | (East) Mumbai 400 | 051 |\n| Scrip C | ode: 500325 |  | Trading | Symbol: RELIANC | E |\n| Dear S | irs, |  |  |  |  |\n| Sub: | Disclosure under | Regulation | 30 and oth | er applicable regu | lations of the |\n|  | Securities and | Exchange B | oard of I | ndia (Listing Ob | ligations and |\n|  | Disclosure Requ | irements) R | egulations | , 2015 (‘Listing | Regulations’): |\n|  | Outcome of the B | oard meetin | g |  |  |\n| In cont | inuation of our lette | r dated April | 18, 2025, w | e wish to inform you | that the Board |\n| of Dire | ctors of the Compa | ny, at its me | eting held to | day, has inter alia: |  |\n| i. | approved the Audit | ed Financial | Statements | (Consolidated and | Standalone) for |\n|  | the financial year | ended March | 31, 2025 | and the Audited Fi | nancial Results |\n|  | (Consolidated and | Standalone) | for the quart | er / year ended Mar | ch 31, 2025, as |\n|  | recommended by t | he Audit Com | mittee; |  |  |\n| ii. | approved raising | of funds thro | ugh issuanc | e of listed, secure | d / unsecured, |\n|  | redeemable non-c | onvertible d | ebentures u | p to Rs. 25,000 | crore (Rupees |\n|  | Twenty Five Thou | sand Crore | only), in o | ne or more tranch | es, on private |\n|  | placement basis; a | nd |  |  |  |\n| iii. | recommended a di | vidend of Rs | . 5.50 per eq | uity share of Rs. 1 | 0/- each for the |\n|  | financial year ende | d March 31, | 2025. |  |  |\n| Pursua | nt to Regulation 33 | and other a | pplicable reg | ulations of the Listi | ng Regulations, |\n| we enc | lose the following: |  |  |  |  |\n| i. | Audited Financial R | esults (Cons | olidated and | Standalone) for th | e quarter / year |\n|  | ended March 31, 2 | 025; and |  |  |  |\n| ii. | Auditors’ Reports | with unmodifi | ed opinions | on the aforesaid Au | dited Financial |\n|  | Results (Consolida | ted and Stan | dalone). |  |  |\n| The m | eeting of the Board | of Directors | commence | d at 5:00 p.m. and | discussions on |\n| the ab | ove agenda items | concluded at | 7:25 p.m. T | he Board Meeting i | s continuing for |\n| consid | eration of other age | nda items. |  |  |  |\n|  | Regd. Office: 3rd Floor, | Maker Chambers | IV, 222, Narim | an Point, Mumbai- 400 0 | 21, India |", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 1, "section": "Introduction", "subsection": "i. \nAudited Financial Results (Consolidated and Standalone) for the quarter / year \nended March 31, 2025; and \nii. \nAuditors’ Reports with unmodified opinions on the aforesaid Audited Financial \nResults (Consolidated and Standalone). \n \nThe meeting of the Board of Directors commenced at 5:00 p.m. and discussions on \nthe above agenda items concluded at 7:25 p.m. The Board Meeting is continuing for \nconsideration of other agenda items.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "bdeaffb4fb1711a1", "content": "[TABLE] Company: REL | Year: FY2025 | Section: Introduction > Singapore Exchange Limited \n4 Shenton Way, #02-01 SGX Centre 2, \nSingapore 068807 | Page: 2\n\n| We shall info | rm you in d | ue course the | date | on which the Company | will |\n|---|---|---|---|---|---|\n| Annual Gener | al Meeting | for the financia | l year | ended March 31, 2025 | and |\n| from which div | idend, if ap | proved by the s | hareho | lders, will be paid. |  |\n| This is for info | rmation and | records. |  |  |  |\n| Thanking you |  |  |  |  |  |\n| Yours faithfull | y, |  |  |  |  |\n| For Reliance | Industries | Limited |  |  |  |\n| Savithri Parek | h |  |  |  |  |\n| Company Sec | retary and |  |  |  |  |\n| Compliance O | fficer |  |  |  |  |\n| Encl.: as abov | e |  |  |  |  |\n| Copy to: |  |  |  |  |  |\n| Luxembourg | Stock Excha | nge | Si | ngapore Exchange Limit | ed |\n| 35A Boulevar | d Joseph II |  | 4 | Shenton Way, #02-01 | SGX |\n| L-1840 Luxem | bourg |  | Si | ngapore 068807 |  |\n| Regd. O | ffice: 3rd Floor, | Maker Chambers IV | , 222, Na | riman Point, Mumbai- 400 021 | , India |\n| ne #: +91-22-3555 | 5000, Telefax: | +91-22-2204 2268. | E-mail: i | nvestor.relations@ril.com, Web | site: w |", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 2, "section": "Introduction", "subsection": "Singapore Exchange Limited \n4 Shenton Way, #02-01 SGX Centre 2, \nSingapore 068807", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "6aab7c07623369b7", "content": "[TABLE] Company: REL | Year: FY2025 | Section: Introduction > List of Subsidiaries: | Page: 3\n\n| Deloitte Ha | skins & Sells LLP |  | Chaturve | di & Shah LL | P |\n|---|---|---|---|---|---|\n| Chartered A | ccountants |  | Chartered | Accountants |  |\n| One Interna | tional Center |  | 912, Tuls | iani Chambers |  |\n| Tower 3, 31 | st Floor |  | 212, Nari | man Point |  |\n| Senapati Ba | pat Marg |  | Mumbai - | 400021 |  |\n| Elphinstone | Road (West) |  | Maharash | tra, India |  |\n| Mumbai - 4 | 00013 |  |  |  |  |\n| Maharashtra | , India |  |  |  |  |\n| Independent | Auditor's Repor | t on Audit of the Ann | ual Consolid | ated Financia | l Results of |\n| Reliance Ind | ustries Limited ( | \"the Parent\") pursuant | to the requi | rements of Re | gulations 33 |\n| and 52 of th | e SEBI (Listing O | bligation and Disclosu | re Requirem | ents) Regulat | ion 2015, as |\n| amended |  |  |  |  |  |\n| To the Board | of Directors of |  |  |  |  |\n| Reliance Ind | ustries Limited |  |  |  |  |\n| Opinion |  |  |  |  |  |\n| We have audi | ted the Consolidat | ed Financial Results for | the year ende | d 31st March, 2 | 025 included |\n| in the accomp | anying \"Statement | of Consolidated Financ | ial Results for | the Quarter an | d Year ended |\n| 31st March, 2 | 025 (refer paragra | ph 3 of 'Other Matters | ' section belo | w) of Relianc | e Industries |\n| Limited (\"th | e Parent\"), which | includes joint operation | s and its subs | idiaries (the P | arent and its |\n| subsidiaries t | ogether referred to | as \"the Group\"), and its | share of the n | et profit/(loss) | after tax and |\n| other compre | hensive income/(l | oss) of its associates an | d joint ventu | res for the yea | r ended 31st |\n| March, 2025 | (the \"Statement\"), | being submitted by th | e Parent purs | uant to the req | uirements of |\n| Regulations 3 | 3 and 52 of the SE | BI (Listing Obligations a | nd Disclosure | Requirements) | Regulations, |\n| 2015, as ame | nded (the \"LODR | Regulations\"). |  |  |  |\n| In our opinion | and to the best of | our information and acc | ording to the e | xplanations giv | en to us, and |\n| based on the | consideration of th | e audit reports of the o | ther auditors | on standalone/ | consolidated |\n| financial stat | ements/ financial r | esults/ financial inform | ation of suhsi | diaries, associa | tes and joint |\n| ventures refer st | red to in Other Mat | ters section below, the C | onsolidated F | inancial Result | s for the year |\n| endeci 11 Ma | rch, ?.0?.5: |  |  |  |  |\n| (i) includ | es the financial res | ults of the following ent | ities: |  |  |\n| List o | f Subsidiaries: |  |  |  |  |\n| 7-Indi | a Convenience Ret | ail Limited; Aaidea Sol | utions Limited | ; Accops Syste | ms FZ-LLC; |\n| Accop | s Systems Priva | te Limited; Actoscrba | Active Wh | olesale Limite | d; Addverb |\n| Techn | ologies BY; Addv | erb Technologies Limi | ted; Addverb | Technologies | Pte Limited; |\n| Addv | erb Technologies | Pty Limited; Addver | b Technologi | es USA Inc.; | Adventure |\n| Marke | ting Private Limit | ed; AETN18 Media Pr | ivate Limited; | Amante Expo | rts (Private) |\n| Limit | ed; Amante India | Limited; Amante Lank | a (Private) L | imited; Asteri | a Aerospace |\n| Limit | ed; Bhadohi DEN | Entertainment Private | Limited#; Bis | mi Connect Li | mited; Bismi |\n| Hyper | mart Limited; CA | A Brands Reliance Pri | vate Limited | (formerly kno | wn as CAA- |\n| Globa | l Drands Reliance | Private Limited); Catw | alk Worldwid | e Limited; Ch | annels India |\n| Netwo | rk Private Limited | ; Chennai Cable Vision | Network Priva | te Limited; Co | lorful Media |\n| Privat | e Limited; Colos | ceum Media Private | Limited; Colu | mbus Centre | Corporation |", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "Introduction", "subsection": "List of Subsidiaries:", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "f2268ac63f8012d3", "content": "[TABLE] Company: REL | Year: FY2025 | Section: Introduction > List of Subsidiaries: | Page: 4\n\n| e Haskins & | Sells LL | P |  | Chaturvedi & | Shah LLP |\n|---|---|---|---|---|---|\n| (Cayman); | Columbus | Centre Holding C | ompany LLC; C | over Story Clothin | g Limited; |\n| Cover Story | Clothing U | K Limited; Crysta | lline Silica And M | ining Limited; C-S | quare Info |\n| Solutions Li | mited; Dad | ha Pharma Distr | ibution Limited; | DEN Ambey Cabl | e Networks |\n| Private Limi | ted; Den B | roadband Limite | d; Den Budaun C | able Network Priva | te Limited; |\n| Den Discov | ery Digital | Networks Privat | e Limited; Den E | njoy Cable Netwo | rks Private |\n| Limited; De | n Enjoy N | avaratan Network | Private Limited; | Den F K Cable T | V Network |\n| Private Limi | ted; Den Fa | teh Marketing Pri | vate Limited; Den | Kashi Cable Netwo | rk Limited; |\n| Den Malayal | am Telenet | Private Limited; | Den Mod Max Ca | ble Network Privat | e Limited#; |\n| Den Nashik | City Cable | Network Private | Limited; Den Net | works Limited; De | n Premium |\n| Multilink C | able Netw | ork Private Limi | ted; Den Rajkot | City Communicat | ion Private |\n| Limited; Den | Satellite C | able TV Network | Limited#; Den S | aya Channel Netwo | rk Limited; |\n| Den Suprem | e Satellit | e Vision Private | Limited#; Den- | Manoranjan Satell | ite Private |\n| Limited#; D | igital Medi | a Distribution Tr | ust; Digitall 8 Me | dia Private Limite | d (formerly |\n| known as Di | gital 18 Me | dia Limited); Dras | hti Cable Network | Limited; Dronagiri | Bokadvira |\n| East Infra Li | mited; Dro | nagiri Bokadvira | North Infra Limit | ed; Dronagiri Boka | dvira South |\n| Infra Limite | d; Dronagi | ri Bokadvira We | st Infra Limited; | Dronagiri Dongri | East Infra |\n| Limiled; Dr | onagiri Don | gri North Infra | Limited; Dronagir | i Dongri South Inf | ra Limited; |\n| Dronagiri Do | ngri West I | nfra Limited; Dro | nagiri Funde East | Infra Limited; Dron | agiri Funde |\n| North Infra | Limited; D | ronagiri Funde S | outh Infra Limited | ; Dronagiri Funde | West Infra |\n| Limited; Dr | onagiri Na | vghar East Infra | Limited; Dronag | iri Navghar North | First Infra |\n| Limited; Dro | nagiri Nav | ghar North Infra | Limited; Dronagir | i Navghar North S | econd Infra |\n| Limited; Dr | onagiri Nav | ghar South First | Infra Limited; D | ronagiri Navghar | South Infra |\n| Limited; Dro | nagiri Nav | ghar South Seco | nd Infra Limited; | Dronagiri Navghar | West Infra |\n| Limited; Dro | nagiri Pago | te East Infra Lim | ited; Dronagiri Pa | gote North First Inf | ra Limited; |\n| Dronagiri P | agote Nort | h Infra Limited; | Dronagiri Pagote | North Second Inf | ra Limited; |\n| Dronagiri P | agote Sout | h First Infra Li | mited; Dronagiri | Pagote South Inf | ra Limited; |\n| Dronagiri Pa | gote West | Infra Limited; Dro | nagiri Panje East | Infra Limited; Dro | nagiri Panje |\n| North Infra | Limited; D | ronagiri Panje S | outh Infra Limite | d; Dronagiri Panje | West Infra |\n| Limited; e-E | ighteen.co | m Limited#; Elite | Cable Network P | rivate Limited; Em | inent Cable |\n| Network Pri | vate Limite | d; Enercent Techn | ologies Private Li | mited; Eternalia M | edia Private |\n| Limited; Eth | ane Coral | LLC; Ethane Dia | mond LLC; Ethan | e Jade LLC; Faradi | on Limited; |\n| Faradion UG | ; Foodhall | Franchises Limite | d; Football Sports | Development Lim | ited; Future |\n| Lifestyles Fr | anchisee L | imited; Futuristic | Media and Entert | ainment Limited; | Galaxy Den |\n| Media & En | tertainmen | t Private Limited | #; Genesis Color | s Limited; Genesi | s La Mode |\n| Private Limi | ted; GLB B | ody Care Private | Limited; GLF Lif | estyle Brands Priva | te Limited; |\n| Global Asia | net Limited | ; GML India Fa | shion Private Li | mited; Grab A Gru | b Services |\n| Limited; Gr | eycells18 | Media Limited; | Hamleys (Franchi | sing) Limited; Ha | mleys Asia |\n| Limited; Ha | mleys of | London Limited; | Hamleys Toys | (Ireland) Limited$ | ; Hathway |\n| Bhaskar CC | N Multi | Entertainment Pr | ivate Limited; H | athway Bhawani | Cabletel & |\n| Datacom Li | mited; Hath | way Cable and D | atacom Limited; | Hathway Cable M | CN Nanded |\n| Private Lim | ited; Hath | way Digital Lim | ited; Hathway K | okan Crystal Cabl | e Network |\n| Limited; Hat | hway Man | tra Cable & Data | com Limited; Ha | thway Nashik Cab | le Network |\n| Private Limi | ted; Hathw | ay VCN Cablene | t Private Limited; | ICD Columbus C | entre Hotel |\n| LLC; Indep | endent Me | dia Trust; India | Mumbai Indians | (Pty) Ltd; India | Cast Media |\n| Distribution | Private Li | mited; IndiaCast | UK Limited; India | Cast US Limited; | lndiavidual |\n| Learning Lim | ited; India | win Sports Middl | e East Limited; In | diawin Sports Priva | te Limited; |\n| Indiawin Spo | rts USA In | c.; Infomedia Pre | ss Limited; lntimi | India Limited; IPC | O Holdings |\n| LLP; IW C | olumbus C | entre LLC; Jais | uryas Retail Vent | ures Limited; Jio | Cable and |\n| Broadband H | oldings Pr | ivate Limited; Jio | Content Distribu | tion Holdings Priva | te Limited; |\n| Jio Digital D | istribution | Holdings Private | Limited; Jio Esto | nia OU; Jio Futuri | stic Digital |", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "Introduction", "subsection": "List of Subsidiaries:", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "a7d1159fc0bf2610", "content": "[TABLE] Company: REL | Year: FY2025 | Section: Introduction > Holdings Private Limited; Jio Haptik Technologies Limited; Jio Infrastructure \nManagement Services Limited; Jio Internet Distribution Holdings Private Limited; Jio \nLimited; Jio Media Limited; Jio Platforms Limited; Jio Satellite Communications Limited; \nJio Television Distribution Holdings Private Limited; Jio Things Limited; Just Dial \nLimited; NCO 2024 Limited; Kalamboli East Infra Limited; Kalamboli North First Infra \nLimited; Kalamboli North Infra Limited; Kalamboli North Second Infra Limited; \nKalamboli North Third Infra Limited; Kalamboli South First Infra Limited; Kalamboli \nSouth Infra Limited; Kalamboli West Infra Limited; Kalanikethan Fashions Limited; \nKalanikethan Silks Limited; Karkinos Healthcare North East Private Limited; Karkinos \nHealthcare Private Limited; Kishna Den Cable Networks Private Limited#; Kutch New \nEnergy Projects Limited; Lakadia B Power Transmission Limited; Libra Cable Network \nLimited; Lithium Werks China Manufacturing Co., Ltd.; Lithium Werks Technology B.V.; \nLotus Chocolate Company Limited; M Entertainments Private Limited$; Mahadev Den \nCable Network Limited; Mahavir Den Entertainment Private Limited; Mansion Cable \nNetwork Private Limited; Masha! Sports Private Limited; Mayuri Kumkum Limited; \nMedia 18 Distribution Services Limited; Meerut Cable Network Private Limited; Mesindus \nVentures Limited; Metro Cash and Carry India Limited (formerly known as Metro Cash \nand Carry India Private Limited); Mimosa Networks Inc; Mimosa Networks Bili~im \nTeknolojileri Limited ~irketi; Mindex 1 Limited; Model Economic Township Limited; \nMoneycontrol.Dot Com India Limited; MSKVY Nineteenth Solar SPV Limited; MSKVY \nTwenty Second Solar SPV Limited; MYJD Private Limited$; Nauyaan Shipyard Private \nLimited; Nauyaan Tradings Private Limited; Navi Mumbai IIA Private Limited; Netmeds \nHealthcare Limited; Networkl8 Media & Investments Limited; Networkl8 Media Trust; \nNew York Hotel LLC; New Emerging World of Journal ism Limited; NextGen Fast Fashion \nLimited; Nilgiris Stores Limited; Now Floats Technologies Limited; Purple Panda Fashions \nLimited; Radiant Satellite (India) Private Limited#; Radisys B.V.; Radisys Canada Inc.; \nRadisys Cayman Limited; Radisys Convedia (Ireland) Limited; Radisys Corporation; \nRadisys GmbH; Radisys India Limited; Radisys International LLC; Radisys International \nSingapore Pte. Ltd.; Radisys Spain S.L.U.; Radisys Systems Equipment Trading \n(Shanghai) Co. Ltd.; Radisys Technologies (Shenzhen) Co. Ltd.; Radisys UK Limited; \nReliance Rahul Mishra Fashion Private Limited; RB Holdings Private Limited; RB Media \nHoldings Private Limited; RB Mediasoft Private Limited; RBML Solutions India Limited; \nREC Americas LLC; REC ScanModule Sweden AB; REC Solar (Japan) Co., Ltd.$; REC \nSolar EMEA GmbH; REC Solar France S.A.S$; REC Solar Holdings AS; REC Solar \nNorway AS$; REC Solar Pte. Ltd.; REC Sustainable Energy Solutions Pte. Ltd.; REC \nSystems (Thailand) Co., Ltd.$; REC Trading (Shanghai) Co., Ltd.; REC US Holdings, Inc.; \nRecron (Malaysia) Sdn. Bhd.; Reliance 4IR Realty Development Limited; Reliance A&T \nFashions Private Limited; Reliance Abu Sandeep Private Limited; Reliance AK-OK \nFashions Limited; Reliance Ambit Trade Private Limited; Reliance Beauty & Personal \nCare Limited; Reliance Bhutan Limited; Reliance Bio Energy Limited; Reliance BP \nMobility Limited; Reliance Brands Holding UK Limited; Reliance Brands Limited; \nReliance Brands Luxury Fashion Private Limited; Reliance Carbon Fibre Cylinder Limited; \nReliance Chemicals and Materials Limited; Reliance Clothing India Limited; Reliance \nCommercial Dealers Limited; Reliance Comtrade Private Limited; Reliance Consumer \nProducts Limited; Reliance Content Distribution Limited; Reliance Corporate IT Park \nLimited; Reliance Cosmetics Retail Private Limited (formerly known as KIKO Cosmetics \nRetail Private Limited); Reliance Digital Health Limited; Reliance Digital Health USA \nInc.; Reliance Eagleford Upstream LLC; Reliance Electrolyser Manufacturing Limited; \nReliance Eminent Trading & Commercial Private Limited; Reliance Ethane Holding Pte \nLimited; Reliance Ethane Pipeline Limited; Reliance Exploration & Production DM ..... ..;.;-~b.. | Page: 5\n\n| e Haskins & Sells LLP |  |  | Cha | turvedi | & Shah LLP |\n|---|---|---|---|---|---|\n| Holdings Private Limite | d; Jio Hapti | k Technolo | gies Limite | d; Jio | Infrastructure |\n| Management Services Lim | ited; Jio Inter | net Distribut | ion Holding | s Private | Limited; Jio |\n| Limited; Jio Media Limited | ; Jio Platforms | Limited; Jio | Satellite Co | mmunicat | ions Limited; |\n| Jio Television Distributio | n Holdings Pr | ivate Limite | d; Jio Thin | gs Limit | ed; Just Dial |\n| Limited; NCO 2024 Limit | ed; Kalamboli | East Infra L | imited; Kala | mboli No | rth First Infra |\n| Limited; Kalamboli Nort | h Infra Limite | d; Kalamb | oli North S | econd In | fra Limited; |\n| Kalamboli North Third In | fra Limited; K | alamboli So | uth First Inf | ra Limite | d; Kalamboli |\n| South Infra Limited; Kala | mboli West I | nfra Limited | ; Kalaniketh | an Fashi | ons Limited; |\n| Kalanikethan Silks Limited | ; Karkinos He | althcare No | rth East Priv | ate Limit | ed; Karkinos |\n| Healthcare Private Limited | ; Kishna Den | Cable Netw | orks Private | Limited# | ; Kutch New |\n| Energy Projects Limited; L | akadia B Pow | er Transmiss | ion Limited | ; Libra C | able Network |\n| Limited; Lithium Werks Ch | ina Manufactu | ring Co., Ltd | .; Lithium W | erks Tech | nology B.V.; |\n| Lotus Chocolate Company | Limited; M E | ntertainment | s Private Li | mited$; | Mahadev Den |\n| Cable Network Limited; | Mahavir Den E | ntertainmen | t Private Li | mited; M | ansion Cable |\n| Network Private Limited; | Masha! Sport | s Private Li | mited; May | uri Kumk | um Limited; |\n| Media 18 Distribution Servi | ces Limited; M | eerut Cable | Network Priv | ate Limit | ed; Mesindus |\n| Ventures Limited; Metro C | ash and Carry | India Limite | d (formerly | known a | s Metro Cash |\n| and Carry India Private L | imited); Mim | osa Network | s Inc; Mim | osa Netw | orks Bili~im |\n| Teknolojileri Limited ~irk | eti; Mindex 1 | Limited; Mo | del Econom | ic Town | ship Limited; |\n| Moneycontrol.Dot Com Ind | ia Limited; M | SKVY Ninet | eenth Solar | SPV Limi | ted; MSKVY |\n| Twenty Second Solar SPV | Limited; MYJ | D Private L | imited$; Nau | yaan Shi | pyard Private |\n| Limited; Nauyaan Tradings | Private Limite | d; Navi Mu | mbai IIA Pri | vate Limi | ted; Netmeds |\n| Healthcare Limited; Netwo | rkl8 Media & | Investments | Limited; N | etworkl8 | Media Trust; |\n| New York Hotel LLC; New | Emerging Wor | ld of Journal | ism Limited; | NextGen | Fast Fashion |\n| Limited; Nilgiris Stores Lim | ited; Now Floa | ts Technolog | ies Limited; | Purple Pa | nda Fashions |\n| Limited; Radiant Satellite | (India) Private | Limited#; R | adisys B.V.; | Radisys | Canada Inc.; |\n| Radisys Cayman Limited; | Radisys Con | vedia (Irelan | d) Limited; | Radisys | Corporation; |\n| Radisys GmbH; Radisys In | dia Limited; R | adisys Intern | ational LLC | ; Radisys | International |\n| Singapore Pte. Ltd.; Rad | isys Spain S | .L.U.; Radi | sys System | s Equipm | ent Trading |\n| (Shanghai) Co. Ltd.; Radis | ys Technologi | es (Shenzhe | n) Co. Ltd.; | Radisys | UK Limited; |\n| Reliance Rahul Mishra Fas | hion Private Li | mited; RB H | oldings Priv | ate Limite | d; RB Media |\n| Holdings Private Limited; R | B Mediasoft P | rivate Limit | ed; RBML S | olutions I | ndia Limited; |\n| REC Americas LLC; REC | ScanModule S | weden AB; | REC Solar (J | apan) Co | ., Ltd.$; REC |\n| Solar EMEA GmbH; REC | Solar France | S.A.S$; RE | C Solar Ho | ldings AS | ; REC Solar |\n| Norway AS$; REC Solar | Pte. Ltd.; REC | Sustainable | Energy So | lutions Pt | e. Ltd.; REC |\n| Systems (Thailand) Co., Ltd | .$; REC Tradi | ng (Shanghai | ) Co., Ltd.; R | EC US H | oldings, Inc.; |\n| Recron (Malaysia) Sdn. Bh | d.; Reliance 4I | R Realty De | velopment L | imited; R | eliance A&T |\n| Fashions Private Limited; | Reliance Abu | Sandeep P | rivate Limit | ed; Reli | ance AK-OK |\n| Fashions Limited; Reliance | Ambit Trade | Private Lim | ited; Relian | ce Beaut | y & Personal |\n| Care Limited; Reliance B | hutan Limited; | Reliance B | io Energy | Limited; | Reliance BP |\n| Mobility Limited; Relianc | e Brands Hol | ding UK L | imited; Reli | ance Bra | nds Limited; |\n| Reliance Brands Luxury Fas | hion Private Li | mited; Relia | nce Carbon F | ibre Cyli | nder Limited; |\n| Reliance Chemicals and M | aterials Limite | d; Reliance | Clothing In | dia Limi | ted; Reliance |\n| Commercial Dealers Limit | ed; Reliance C | omtrade Pri | vate Limite | d; Relian | ce Consumer |\n| Products Limited; Relianc | e Content Dist | ribution Lim | ited; Relian | ce Corpo | rate IT Park |\n| Limited; Reliance Cosmetic | s Retail Privat | e Limited (fo | rmerly know | n as KIK | O Cosmetics |\n| Retail Private Limited); Re | liance Digital | Health Lim | ited; Relianc | e Digital | Health USA |\n| Inc.; Reliance Eagleford U | pstream LLC; | Reliance El | ectrolyser M | anufactu | ring Limited; |\n| Reliance Eminent Trading | & Commercial | Private Lim | ited; Relian | ce Ethane | Holding Pte |", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "Introduction", "subsection": "Holdings Private Limited; Jio Haptik Technologies Limited; Jio Infrastructure \nManagement Services Limited; Jio Internet Distribution Holdings Private Limited; Jio \nLimited; Jio Media Limited; Jio Platforms Limited; Jio Satellite Communications Limited; \nJio Television Distribution Holdings Private Limited; Jio Things Limited; Just Dial \nLimited; NCO 2024 Limited; Kalamboli East Infra Limited; Kalamboli North First Infra \nLimited; Kalamboli North Infra Limited; Kalamboli North Second Infra Limited; \nKalamboli North Third Infra Limited; Kalamboli South First Infra Limited; Kalamboli \nSouth Infra Limited; Kalamboli West Infra Limited; Kalanikethan Fashions Limited; \nKalanikethan Silks Limited; Karkinos Healthcare North East Private Limited; Karkinos \nHealthcare Private Limited; Kishna Den Cable Networks Private Limited#; Kutch New \nEnergy Projects Limited; Lakadia B Power Transmission Limited; Libra Cable Network \nLimited; Lithium Werks China Manufacturing Co., Ltd.; Lithium Werks Technology B.V.; \nLotus Chocolate Company Limited; M Entertainments Private Limited$; Mahadev Den \nCable Network Limited; Mahavir Den Entertainment Private Limited; Mansion Cable \nNetwork Private Limited; Masha! Sports Private Limited; Mayuri Kumkum Limited; \nMedia 18 Distribution Services Limited; Meerut Cable Network Private Limited; Mesindus \nVentures Limited; Metro Cash and Carry India Limited (formerly known as Metro Cash \nand Carry India Private Limited); Mimosa Networks Inc; Mimosa Networks Bili~im \nTeknolojileri Limited ~irketi; Mindex 1 Limited; Model Economic Township Limited; \nMoneycontrol.Dot Com India Limited; MSKVY Nineteenth Solar SPV Limited; MSKVY \nTwenty Second Solar SPV Limited; MYJD Private Limited$; Nauyaan Shipyard Private \nLimited; Nauyaan Tradings Private Limited; Navi Mumbai IIA Private Limited; Netmeds \nHealthcare Limited; Networkl8 Media & Investments Limited; Networkl8 Media Trust; \nNew York Hotel LLC; New Emerging World of Journal ism Limited; NextGen Fast Fashion \nLimited; Nilgiris Stores Limited; Now Floats Technologies Limited; Purple Panda Fashions \nLimited; Radiant Satellite (India) Private Limited#; Radisys B.V.; Radisys Canada Inc.; \nRadisys Cayman Limited; Radisys Convedia (Ireland) Limited; Radisys Corporation; \nRadisys GmbH; Radisys India Limited; Radisys International LLC; Radisys International \nSingapore Pte. Ltd.; Radisys Spain S.L.U.; Radisys Systems Equipment Trading \n(Shanghai) Co. Ltd.; Radisys Technologies (Shenzhen) Co. Ltd.; Radisys UK Limited; \nReliance Rahul Mishra Fashion Private Limited; RB Holdings Private Limited; RB Media \nHoldings Private Limited; RB Mediasoft Private Limited; RBML Solutions India Limited; \nREC Americas LLC; REC ScanModule Sweden AB; REC Solar (Japan) Co., Ltd.$; REC \nSolar EMEA GmbH; REC Solar France S.A.S$; REC Solar Holdings AS; REC Solar \nNorway AS$; REC Solar Pte. Ltd.; REC Sustainable Energy Solutions Pte. Ltd.; REC \nSystems (Thailand) Co., Ltd.$; REC Trading (Shanghai) Co., Ltd.; REC US Holdings, Inc.; \nRecron (Malaysia) Sdn. Bhd.; Reliance 4IR Realty Development Limited; Reliance A&T \nFashions Private Limited; Reliance Abu Sandeep Private Limited; Reliance AK-OK \nFashions Limited; Reliance Ambit Trade Private Limited; Reliance Beauty & Personal \nCare Limited; Reliance Bhutan Limited; Reliance Bio Energy Limited; Reliance BP \nMobility Limited; Reliance Brands Holding UK Limited; Reliance Brands Limited; \nReliance Brands Luxury Fashion Private Limited; Reliance Carbon Fibre Cylinder Limited; \nReliance Chemicals and Materials Limited; Reliance Clothing India Limited; Reliance \nCommercial Dealers Limited; Reliance Comtrade Private Limited; Reliance Consumer \nProducts Limited; Reliance Content Distribution Limited; Reliance Corporate IT Park \nLimited; Reliance Cosmetics Retail Private Limited (formerly known as KIKO Cosmetics \nRetail Private Limited); Reliance Digital Health Limited; Reliance Digital Health USA \nInc.; Reliance Eagleford Upstream LLC; Reliance Electrolyser Manufacturing Limited; \nReliance Eminent Trading & Commercial Private Limited; Reliance Ethane Holding Pte \nLimited; Reliance Ethane Pipeline Limited; Reliance Exploration & Production DM ..... ..;.;-~b..", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "69d7182d42cc36f4", "content": "[TABLE] Company: REL | Year: FY2025 | Section: Introduction > Holdings Private Limited; Jio Haptik Technologies Limited; Jio Infrastructure \nManagement Services Limited; Jio Internet Distribution Holdings Private Limited; Jio \nLimited; Jio Media Limited; Jio Platforms Limited; Jio Satellite Communications Limited; \nJio Television Distribution Holdings Private Limited; Jio Things Limited; Just Dial \nLimited; NCO 2024 Limited; Kalamboli East Infra Limited; Kalamboli North First Infra \nLimited; Kalamboli North Infra Limited; Kalamboli North Second Infra Limited; \nKalamboli North Third Infra Limited; Kalamboli South First Infra Limited; Kalamboli \nSouth Infra Limited; Kalamboli West Infra Limited; Kalanikethan Fashions Limited; \nKalanikethan Silks Limited; Karkinos Healthcare North East Private Limited; Karkinos \nHealthcare Private Limited; Kishna Den Cable Networks Private Limited#; Kutch New \nEnergy Projects Limited; Lakadia B Power Transmission Limited; Libra Cable Network \nLimited; Lithium Werks China Manufacturing Co., Ltd.; Lithium Werks Technology B.V.; \nLotus Chocolate Company Limited; M Entertainments Private Limited$; Mahadev Den \nCable Network Limited; Mahavir Den Entertainment Private Limited; Mansion Cable \nNetwork Private Limited; Masha! Sports Private Limited; Mayuri Kumkum Limited; \nMedia 18 Distribution Services Limited; Meerut Cable Network Private Limited; Mesindus \nVentures Limited; Metro Cash and Carry India Limited (formerly known as Metro Cash \nand Carry India Private Limited); Mimosa Networks Inc; Mimosa Networks Bili~im \nTeknolojileri Limited ~irketi; Mindex 1 Limited; Model Economic Township Limited; \nMoneycontrol.Dot Com India Limited; MSKVY Nineteenth Solar SPV Limited; MSKVY \nTwenty Second Solar SPV Limited; MYJD Private Limited$; Nauyaan Shipyard Private \nLimited; Nauyaan Tradings Private Limited; Navi Mumbai IIA Private Limited; Netmeds \nHealthcare Limited; Networkl8 Media & Investments Limited; Networkl8 Media Trust; \nNew York Hotel LLC; New Emerging World of Journal ism Limited; NextGen Fast Fashion \nLimited; Nilgiris Stores Limited; Now Floats Technologies Limited; Purple Panda Fashions \nLimited; Radiant Satellite (India) Private Limited#; Radisys B.V.; Radisys Canada Inc.; \nRadisys Cayman Limited; Radisys Convedia (Ireland) Limited; Radisys Corporation; \nRadisys GmbH; Radisys India Limited; Radisys International LLC; Radisys International \nSingapore Pte. Ltd.; Radisys Spain S.L.U.; Radisys Systems Equipment Trading \n(Shanghai) Co. Ltd.; Radisys Technologies (Shenzhen) Co. Ltd.; Radisys UK Limited; \nReliance Rahul Mishra Fashion Private Limited; RB Holdings Private Limited; RB Media \nHoldings Private Limited; RB Mediasoft Private Limited; RBML Solutions India Limited; \nREC Americas LLC; REC ScanModule Sweden AB; REC Solar (Japan) Co., Ltd.$; REC \nSolar EMEA GmbH; REC Solar France S.A.S$; REC Solar Holdings AS; REC Solar \nNorway AS$; REC Solar Pte. Ltd.; REC Sustainable Energy Solutions Pte. Ltd.; REC \nSystems (Thailand) Co., Ltd.$; REC Trading (Shanghai) Co., Ltd.; REC US Holdings, Inc.; \nRecron (Malaysia) Sdn. Bhd.; Reliance 4IR Realty Development Limited; Reliance A&T \nFashions Private Limited; Reliance Abu Sandeep Private Limited; Reliance AK-OK \nFashions Limited; Reliance Ambit Trade Private Limited; Reliance Beauty & Personal \nCare Limited; Reliance Bhutan Limited; Reliance Bio Energy Limited; Reliance BP \nMobility Limited; Reliance Brands Holding UK Limited; Reliance Brands Limited; \nReliance Brands Luxury Fashion Private Limited; Reliance Carbon Fibre Cylinder Limited; \nReliance Chemicals and Materials Limited; Reliance Clothing India Limited; Reliance \nCommercial Dealers Limited; Reliance Comtrade Private Limited; Reliance Consumer \nProducts Limited; Reliance Content Distribution Limited; Reliance Corporate IT Park \nLimited; Reliance Cosmetics Retail Private Limited (formerly known as KIKO Cosmetics \nRetail Private Limited); Reliance Digital Health Limited; Reliance Digital Health USA \nInc.; Reliance Eagleford Upstream LLC; Reliance Electrolyser Manufacturing Limited; \nReliance Eminent Trading & Commercial Private Limited; Reliance Ethane Holding Pte \nLimited; Reliance Ethane Pipeline Limited; Reliance Exploration & Production DM ..... ..;.;-~b.. | Page: 6\n\n| e Haskins & | Sells LLP |  |  | Chaturvedi & | Shah LLP |\n|---|---|---|---|---|---|\n| Reliance Fin | ance and Inv | estments USA L | LC; Reliance | GAS Lifestyle In | dia Private |\n| Limited; Reli | ance Gas Pip | elines Limited; R | eliance Globa | l Energy Services | (Singapore) |\n| Pte. Limited; | Reliance Glob | al Energy Servic | es Limited; Re | liance Global Proj | ect Services |\n| Pte. Ltd. $; R | eliance Global | Project Services | UK Limited$; | Reliance Green H | ydrogen and |\n| Green Chemi | cals Limited; | Reliance Hydrog | en Electrolysi | s Limited; Relianc | e Hydrogen |\n| Fuel Cell Lim | ited; Reliance | Industries (Midd | le East) DMCC | ; Reliance Innovati | ve Building |\n| Solutions Priv | ate Limited#; | Reliance Internat | ional Limited; | Reliance Jio Globa | l Resources, |\n| LLC; Relianc | e Jio lnfoco | mm Limited; Rel | iance Jio Info | comm Pte. Ltd.; R | eliance Jio |\n| Infocomm U | K Limited; Re | liance Jio lnfoc | omm USA, Inc | .; Reliance Lifesty | le Products |\n| Private Limit | ed; Reliance | Lithium Werks | B. V.; Relianc | e Lithium Werks | USA LLC; |\n| Reliance Lux | e Beauty Lim | ited; Reliance M | appedu Multi | Modal Logistics Pa | rk Limited; |\n| Reliance Ma | rcellus LLC; | Reliance NeuC | omm LLC; R | eliance New Ene | rgy Battery |\n| Limited; Reli | ance New En | ergy Battery Sto | rage Limited; | Reliance New Ene | rgy Carbon |\n| Fibre Cylinde | r Limited; Re | liance New Ene | rgy Hydrogen | Electrolysis Limite | d; Reliance |\n| New Energy | Hydrogen Fue | l Cell Limited; R | eliance New | Energy Limited; Re | liance New |\n| Energy Powe | r Electronics L | imited; Reliance | New Energy | Storage Limited; R | eliance New |\n| Power Electr | onics Limite | d; Reliance Ne | w Solar Energ | y Limited; ; Rel | iance Petro |\n| Marketing L | imited; Relia | nce Petro Mate | rials Limited; | Reliance Polyest | er Limited; |\n| Reliance Po | wer Electroni | cs Limited; Reli | ance Progress | ive Traders Priva | te Limited; |\n| Reliance Pro | jects & Pr | operty Managem | ent Services | Limited; Relian | ce Prolific |\n| Commercial | Private Limite | d; Reliance Prol | ific Traders Pr | ivate Limited; Rel | iance Retail |\n| and Fashion L | ifestyle Limit | ed; Reliance Reta | il Limited; Re | liance Retail Ventu | res Limited; |\n| Reliance Ritu | Kumar Privat | e Limited; Relian | ce Sibur Elasto | mers Private Limit | ed; Reliance |\n| Sideways Pri | vate Limited; | Reliance SOU L | imited; Relianc | e Strategic Busine | ss Ventures |\n| Limited; Reli | ance Syngas | Limited; Relianc | e TerraTech H | olding LLC; Relia | nce UbiTek |\n| LLC$; Relia | nce Universal | Traders Private | Limited; Reli | ance Vantage Ret | ail Limited; |\n| Reliance Ven | tures Limited | ; Reliance-Gran | dOptical Priva | te Limited; Reveri | e Language |\n| Technologies | Limited; RIL | USA, Inc.; RISE | Worldwide Li | mited; Ritu Kumar | M.E. (FZE); |\n| Reliance Bran | ds Eyewear P | rivate Limited; R | optonal Limite | d$; Rose Entertain | ment Private |\n| Limited; RP | Chemicals (M | alaysia) Sdn. B | hd.; RRB Med | iasoft Private Lim | ited; Saavn |\n| Media Limite | d; SankhyaSu | tra Labs Limite | d; Sensehawk | Inc; Sensehawk I | ndia Private |\n| Limited; Sens | ehawk MEA | Limited; Shopsen | se Retail Tech | nologies Limited; | Shri Kannan |\n| Departmental | Store Limite | d; skyTran Inc.$ | ; Skymet Wea | ther Services Priva | te Limited; |\n| Soubhagya | Confectionery | Private Limite | d#; Srishti D | en Networks Li | mited; Star |\n| Advertising | Sales Limited | ; Star India Pr | ivate Limited; | Star Television | Productions |\n| Limited; Sto | ke Park Limit | ed; Strand Life | Sciences Priv | ate Limited; Suraj | ya Services |\n| Limited; Sure | la Investment | And Trading Li | mited; Tesserac | t Imaging Limited; | The Indian |\n| Film Combin | e Private Limi | ted; Thodupuzha | Retail Private | Limited; Tira Bea | uty Limited; |\n| Tresara Healt | h Limited; TV | l 8 Broadcast Li | mited#; Ulwe | East Infra Limited; | Ulwe North |\n| Infra Limited | ; Ulwe South | Infra Limited; | Ulwe Waterfr | ont East Infra Lim | ited; Ulwe |\n| Waterfront N | orth Infra Lim | ited; Ulwe Wate | rfront South I | nfra Limited; Ulwe | Waterfront |\n| West Infra L | imited; Ulwe | West Infra Lim | ited; Urban L | adder Home Deco | r Solutions |\n| Limited; V - | Retail Limite | d (formerly know | n as V - Reta | il Private Limited | ); VasyERP |\n| Solutions Pri | vate Limited; | VBS Digital Di | stribution Net | work Limited; Ve | ngara Retail |\n| Private Limit | ed; Viacom 1 | 8 Media (UK) | Limited$; Stud | io 18 Media Priv | ate Limited |\n| (formerly kno | wn as Viaco | m 18 Media Pri | vate Limited); | Viacom 18 US In | c.$; Vitalic |\n| Health Limite | d; Watermark | Infratech Private | Limited; Web | ] 8 Digital Services | Limited. |\n| $ Ceased to b | e a subsidiary | during the year |  |  |  |\n| # Merged wit | h another subs | idiary during the | year |  |  |", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "Introduction", "subsection": "Holdings Private Limited; Jio Haptik Technologies Limited; Jio Infrastructure \nManagement Services Limited; Jio Internet Distribution Holdings Private Limited; Jio \nLimited; Jio Media Limited; Jio Platforms Limited; Jio Satellite Communications Limited; \nJio Television Distribution Holdings Private Limited; Jio Things Limited; Just Dial \nLimited; NCO 2024 Limited; Kalamboli East Infra Limited; Kalamboli North First Infra \nLimited; Kalamboli North Infra Limited; Kalamboli North Second Infra Limited; \nKalamboli North Third Infra Limited; Kalamboli South First Infra Limited; Kalamboli \nSouth Infra Limited; Kalamboli West Infra Limited; Kalanikethan Fashions Limited; \nKalanikethan Silks Limited; Karkinos Healthcare North East Private Limited; Karkinos \nHealthcare Private Limited; Kishna Den Cable Networks Private Limited#; Kutch New \nEnergy Projects Limited; Lakadia B Power Transmission Limited; Libra Cable Network \nLimited; Lithium Werks China Manufacturing Co., Ltd.; Lithium Werks Technology B.V.; \nLotus Chocolate Company Limited; M Entertainments Private Limited$; Mahadev Den \nCable Network Limited; Mahavir Den Entertainment Private Limited; Mansion Cable \nNetwork Private Limited; Masha! Sports Private Limited; Mayuri Kumkum Limited; \nMedia 18 Distribution Services Limited; Meerut Cable Network Private Limited; Mesindus \nVentures Limited; Metro Cash and Carry India Limited (formerly known as Metro Cash \nand Carry India Private Limited); Mimosa Networks Inc; Mimosa Networks Bili~im \nTeknolojileri Limited ~irketi; Mindex 1 Limited; Model Economic Township Limited; \nMoneycontrol.Dot Com India Limited; MSKVY Nineteenth Solar SPV Limited; MSKVY \nTwenty Second Solar SPV Limited; MYJD Private Limited$; Nauyaan Shipyard Private \nLimited; Nauyaan Tradings Private Limited; Navi Mumbai IIA Private Limited; Netmeds \nHealthcare Limited; Networkl8 Media & Investments Limited; Networkl8 Media Trust; \nNew York Hotel LLC; New Emerging World of Journal ism Limited; NextGen Fast Fashion \nLimited; Nilgiris Stores Limited; Now Floats Technologies Limited; Purple Panda Fashions \nLimited; Radiant Satellite (India) Private Limited#; Radisys B.V.; Radisys Canada Inc.; \nRadisys Cayman Limited; Radisys Convedia (Ireland) Limited; Radisys Corporation; \nRadisys GmbH; Radisys India Limited; Radisys International LLC; Radisys International \nSingapore Pte. Ltd.; Radisys Spain S.L.U.; Radisys Systems Equipment Trading \n(Shanghai) Co. Ltd.; Radisys Technologies (Shenzhen) Co. Ltd.; Radisys UK Limited; \nReliance Rahul Mishra Fashion Private Limited; RB Holdings Private Limited; RB Media \nHoldings Private Limited; RB Mediasoft Private Limited; RBML Solutions India Limited; \nREC Americas LLC; REC ScanModule Sweden AB; REC Solar (Japan) Co., Ltd.$; REC \nSolar EMEA GmbH; REC Solar France S.A.S$; REC Solar Holdings AS; REC Solar \nNorway AS$; REC Solar Pte. Ltd.; REC Sustainable Energy Solutions Pte. Ltd.; REC \nSystems (Thailand) Co., Ltd.$; REC Trading (Shanghai) Co., Ltd.; REC US Holdings, Inc.; \nRecron (Malaysia) Sdn. Bhd.; Reliance 4IR Realty Development Limited; Reliance A&T \nFashions Private Limited; Reliance Abu Sandeep Private Limited; Reliance AK-OK \nFashions Limited; Reliance Ambit Trade Private Limited; Reliance Beauty & Personal \nCare Limited; Reliance Bhutan Limited; Reliance Bio Energy Limited; Reliance BP \nMobility Limited; Reliance Brands Holding UK Limited; Reliance Brands Limited; \nReliance Brands Luxury Fashion Private Limited; Reliance Carbon Fibre Cylinder Limited; \nReliance Chemicals and Materials Limited; Reliance Clothing India Limited; Reliance \nCommercial Dealers Limited; Reliance Comtrade Private Limited; Reliance Consumer \nProducts Limited; Reliance Content Distribution Limited; Reliance Corporate IT Park \nLimited; Reliance Cosmetics Retail Private Limited (formerly known as KIKO Cosmetics \nRetail Private Limited); Reliance Digital Health Limited; Reliance Digital Health USA \nInc.; Reliance Eagleford Upstream LLC; Reliance Electrolyser Manufacturing Limited; \nReliance Eminent Trading & Commercial Private Limited; Reliance Ethane Holding Pte \nLimited; Reliance Ethane Pipeline Limited; Reliance Exploration & Production DM ..... ..;.;-~b..", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "4c573946a021f307", "content": "[TABLE] Company: REL | Year: FY2025 | Section: MUMBA\\ * \n~ ~/~~ | Page: 7\n\n| e Haskins & Sells L | LP |  | Chaturvedi & | Shah LLP |\n|---|---|---|---|---|\n| List of Joint Venture | s: |  |  |  |\n| Alok Industries Inte | rnational Limit | ed; Alok Indu | stries Limited; Alok I | nfrastructure |\n| Limited; Alok Interna | tional (Middle | East) FZE; Alo | k International Inc.; Alo | k Singapore |\n| PTE Limited; Alok W | orldwide Limite | d; BAM DLR D | ata Center Services Pri | vate Limited; |\n| BAM DLR Chennai | Private Limited | ; BAM DLR K | olkata Private Limited; | BAM DLR |\n| Mumbai Private Limi | ted; BAM DLR | Network Servic | es Private Limited; Bro | oks Brothers |\n| India Private Limited | ; Burberry Ind | ia Private Limi | ted; BVM Overseas Li | mited; CAA |\n| Brands Reliance Priva | te Limited (form | erly known as | CAA-Global Brands Rel | iance Private |\n| Limited)@; Canali In | dia Private Lim | ited; Clarks Foo | twear Private Limited$; | D. E. Shaw |\n| India Securities Priva | te Limited; Die | sel Fashion Ind | ia Reliance Private Lim | ited; Ethane |\n| Crystal LLC$; Ethan | e Emerald LLC | $; Ethane Opal | LLC$; Ethane Pearl L | LC$; Ethane |\n| Sapphire LLC$; Etha | ne Topaz LLC | $; Football Spo | rts Development Limit | ed@; Grabal |\n| Alok International Li | mited; Hathway | Bhawani NDS | Network Limited; Ha | thway Cable |\n| MCN Nanded Private | Limited@; Hat | hway Channel 5 | Cable and Datacom Pri | vate Limited; |\n| Hathway Dattatray C | able Network | Private Limited | ; Hathway ICE Televi | sion Private |\n| Limited; Halhway Lal | ur MCN Cable | & Datacom Pri | vate Limited; Hathway | MCN Private |\n| Limited; Hathway Pri | me Cable & Da | tacom Private | Limited$; Hathway Sai | Star Cable & |\n| Datacom Private Lim | ited; Hathway | Sonali OM Crys | tal Cable Private Limit | ed; Hathway |\n| SS Cable & Datacom | LLP; IBN Lo | kmat News Pri | vate Limited; Iconix Li | festyle India |\n| Private Limited; Indi | a Gas Solution | s Private Limit | ed; Indospace MET L | ogistics Park |\n| Farukhnagar Private L | imited; Jio Spa | ce Technology L | imited; Marks and Spen | cer Reliance |\n| India Private Limited | ; Media Pro En | terprise India P | rivate Limited; Mileta | a.s.; Pipeline |\n| Management Services | Private Limite | d; Reidel Appa | rel Private Limited*; R | eliance Bally |\n| India Private Limited; | Reliance Paul & | Shark Fashion | s Private Limited; Relian | ce Sideways |\n| Private Limited@; R | eliance-Vision | Express Priva | te Limited; Reliance | International |\n| Leasing IFSC Private | Limited (form | erly known as | Reliance International L | easing IFSC |\n| Limited); Ryohin-Kei | kaku Reliance | India Private | Limited; Sanmina-SCI I | ndia Private |\n| Limited; Sanmina-SC | I Technology | India Private | Limited; Sintex Industr | ies Limited; |\n| Sodium-ion Batteries | Pty Limited$; | Sosyo Hajoor | i Beverages Private Li | mited; TCO |\n| Reliance India Private | Limited; Ubon | a Technologies | Private Limited; Zegn | a South Asia |\n| Private Limited. |  |  |  |  |\n| * Converted to a joint | venture during | the year |  |  |\n| @ Converted to a sub | sidiary during th | e year |  |  |\n| $ Ceased to be a joint | venture during | the year |  |  |\n| List of Associates: |  |  |  |  |\n| Big Tree Entertainme | nt DMCC$; Big | Tree Entertainm | ent Lanka Private Limi | ted; Big Tree |\n| Entertainment Private | Limited; Big Tr | ee Entertainme | nt Singapore PTE. Limit | ed; Big Tree |\n| Sport & Recreational | Events Tickets | Selling L.L.C; | BookmyShow Live Priv | ate Limited; |\n| Bookmyshow SDN. B | HD.; Bookmy | Show Venues M | anagement Private Lim | ited; Caelux |\n| Corporation; Circle E | Retail Private L | imited; Clayfin | Technologies Private L | imited; DEN |\n| ABC Cable Network | Ambarnath Pri | vate Limited; D | EN ADN Network Priv | ate Limited; |\n| DEN New Broad Com | munication Pri | vate Limited; D | en Satellite Network Pri | vate Limited; |\n| DL GTPL Broadband | Private Limited | ; DL GTPL Ca | bnet Private Limited; D | unzo Digital |\n| Private Limited$; Du | nzo Merchant S | ervices Private | Limited$; Dunzo Whol | esa1e Private |\n| Limited$; Dyulok Te Esterlina Solar - Proy | chnologies Pri ecto Cinco, S.L | vate Limited; .; Esterlina Sol | Eenadu Television Priv ar - Proyecto Cuatro, S | ate Limited; .L.; E • • |\n|  |  |  |  | s i-l'i-01 & |\n|  |  |  | - | ~-H~,---- |\n|  |  |  |  | MUMB |\n|  |  |  |  | ~ ~ |\n|  |  |  |  | ~~RFD c |", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "MUMBA\\ * \n~ ~/~~", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "07bdecf95b3fdfcc", "content": "[TABLE] Company: REL | Year: FY2025 | Section: MUMBA\\ * \n~ ~/~~ | Page: 8\n\n| e Haskins & Se | lls LLP |  |  |  | Chaturvedi | & Shah LLP |\n|---|---|---|---|---|---|---|\n| Solar - Proyect | o Dos, S.L | .; Esterlin | a Solar - P | royecto Nue | ve, S.L.; Est | erlina Solar - |\n| Proyecto Ocho, | S.L.; Esterli | na Solar- | Proyecto Se | is, S.L.; Este | rlina Solar - P | royecto Siete, |\n| S.L.; Esterlina S | olar - Proy | ecto Tres, | S.L.; Esterli | na Solar - P | royecto Uno, | S.L.; Esterlina |\n| Solar Engineers | Private L | imited; Fa | ntain Sports | Private Li | mited; Foodf | esta Wellcare |\n| Private Limited; | Futurel0l | Design | Private Limi | ted; Gaurav | Overseas Pri | vate Limited; |\n| GCO Solar Pty. | Ltd.; Gen | Next Ven | tures Invest | ment Advis | ers LLP$; G | TPL Abhilash |\n| Communication | Private Li | mited; G | TPL Bansid | har Telelink | Private Lim | ited$; GTPL |\n| Bariya Televisio | n Network | $; GTPL | Broadband P | rivate Limit | ed; GTPL Cr | azy Network; |\n| GTPL Dahod Te | levision N | etwork Pr | ivate Limited | ; GTPL DC | PL Private L | imited; GTPL |\n| Hathway Limite | d; GTPL In | sight Chan | nel Network | Private Lim | ited; GTPL J | ay Santoshima |\n| Network Privat | e Limited; | GTPL Ja | ydeep Cabl | e$; GTPL | Junagadh Ne | twork Private |\n| Limited; GTPL | Jyoti Cable; | GTPL K | aizen Infone | t Private Lim | ited; GTPL | KCBPL Broad |\n| Band Private Li | mited; GTP | L Khamb | hat Cable Ne | twork; GTP | L Khusboo V | ideo Channel; |\n| GTPL Kolkata | Cable & Br | oad Band | Pariseva Li | mited; GTP | L Leo Vision | ; GTPL Link |\n| Network Private | Limited; G | TPL Luck | y Video Cab | le; GTPL M | aa Bhagawati | Entertainment |\n| Services; GTPL | Narmada | Cable Ser | vices; GTPL | Narmada C | yberzone Pr | ivate Limited; |\n| GTPL Parshwa | Cable Netw | ork Privat | e Limited; G | TPL Parth W | orld Vision; G | TPL Rajwadi |\n| Network Private | Limited; G | TPL Sai | World Chan | nel; GTPL S | hiv Cable Ne | twork; GTPL |\n| Shreenathji Com | munication | ; GTPL S | K Network P | rivate Limite | d; GTPL SK | Vision; GTPL |\n| SMC Network | Private Lim | ited; GT | PL Solanki | Cable Netwo | rk Private L | imited; GTPL |\n| Sorath Telelink | Private Li | mited; GT | PL Swastik | Communic | ation; GTPL | Tridev Cable |\n| Network; GTPL | V & S Ca | ble Privat | e Limited; | GTPL Visio | n Services Pr | ivate Limited; |\n| GTPL Vraj Cabl | e; GTPL V | VC Netwo | rk Private Li | mited; GTP | L World View | Cable; GTPL |\n| World Vision; | GTPL Zig | ma Vision | Private Lim | ited; Gujar | at Chemical | Port Limited; |\n| Health Alliance | Group Inc.; | Indian Va | ccines Corpo | ration Limit | ed; lxora Hol | dings Limited; |\n| Konark IP Doss | iers Privat | e Limited | ; Metro Cas | t Network I | ndia Private | Limited; MM |\n| Styles Private L | imited; MM | Styles T | rading LLC | (UAE); Neo | lync India Pr | ivate Limited; |\n| Neolync Solutio | ns Private L | imited; N | exwafe Gmb | h; NWl 8 H | SN Holdings | PLC$; Omnia |\n| Toys India Priv | ate Limited | ; Pan Ca | ble Services | Private Li | mited; Peppo | Technologies |\n| Private Limited | ; Popclub | Vision T | ech Private | Limited; P | T Big Tree | Entertainment |\n| Indonesia; Relia | nce Europe | Limited; | Reliance Ind | ustrial Infra | structure Lim | ited; Reliance |\n| Logistics and W | arehouse H | oldings L | imited; Ritu | Kumar Fas | hion (LLC)$ | ; SpaceBound |\n| Web Labs Priva | te Limited; | Sterling a | nd Wilson ( | Thailand) Li | mited; Sterlin | g and Wilson |\n| Engineering (Pt | y) Ltd.; St | erling an | d Wilson In | ternational | LLP; Sterlin | g and Wilson |\n| International So | lar FZCO; | Sterling a | nd Wilson | Kazakhstan, | LLP; Sterlin | g and Wilson |\n| Middle East Sol | ar Energy L | LC; Sterl | ing and Wils | on Renewab | le Energy Li | mited; Sterling |\n| And Wilson Ren | ewable En | ergy Nige | ria Limited; | Sterling and | Wilson Rene | wable Energy |\n| Spain S.L.; Sterl | ing and Wi | lson Saud | i Arabia Lim | ited; Sterlin | g and Wilson | Singapore Pte |\n| Ltd; Sterling and | Wilson So | lar Austra | lia Pty. Ltd.; | Sterling and | Wilson Solar | LLC; Sterling |\n| and Wilson Sola | r Solutions | Inc.; Ster | ling and Wil | son Solar S | olutions, LLC | ; Sterling and |\n| Wilson Solar Sp | ain, S.L.; S | terling W | ilson-SPCPL | -Chint Moro | ccan Venture | ; SRC Ecotex |\n| (India) Private | Limited; | Townscrip | t PTE. Ltd | .; Townscri | pt USA, In | c.; TribeVibe |\n| Entertainment P | rivate Limi | ted; Two | Platforms In | c.; Vadodar | a Enviro Cha | nnel Limited; |\n| Wavetech Heliu | m, Inc .. |  |  |  |  |  |\n| $ Ceased to be a | n associate | during the | year. |  |  |  |\n| are presented in | accordance | with the r | equirements | of Regulati | ons 33 and 52 | of the LODR |\n| Regulations; and |  |  |  |  |  |  |", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "MUMBA\\ * \n~ ~/~~", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "3cc9da9de5191b59", "content": "[TABLE] Company: REL | Year: FY2025 | Section: MUMBA\\ * \n~ ~/~~ > Responsibilities of the Management and Board of Directors for the Statement | Page: 9\n\n| Deloitte Haskins & | Sells LLP |  |  | Chaturv | edi | & Shah LLP |\n|---|---|---|---|---|---|---|\n| (iii) gives a true a | nd fair view in | conformity with | the recogni | tion and meas | ure | ment principles |\n| laid down in | the Indian Acc | ounting Standar | ds and other | accounting p | rinc | iples generally |\n| accepted in | India of the co | nsolidated net p | rofit and co | nsolidated oth | er | comprehensive |\n| income and o | ther financial i | nformation of the | Group for t | he year then e | nde | d. |\n| Basis for Opinion | on the Audited | Consolidated | Financial R | esults for th | e y | ear ended 31st |\n| March, 2025 |  |  |  |  |  |  |\n| We conducted our a | udit in accorda | nce with the Sta | ndards on A | uditing (\"SA\" | s) | specified under |\n| Section 143(10) of | the Companie | s Act, 2013 (\"t | he Act\"). O | ur responsibi | litie | s under those |\n| Standards are further | described in Au | ditor's Responsi | bilities secti | on below. We | are | independent of |\n| the Group, its associ | ates and joint v | entures in accor | dance with t | he Code of E | thic | s issued by the |\n| Institute of Chartered | Accountants of | Jndia (\"the JCA | I\") together | with the ethica | l re | quirements that |\n| are relevant to our au | dit of the Conso | lidated Financia | l Results for | the year ende | d 31 | st March, 2025 |\n| under the provisions | of the Act and | the Rules thereu | nder, and w | e have fulfille | d o | ur other ethical |\n| responsibilities in ac | cordance with t | hese requirement | s and the IC | AI's Code of | Ethi | cs. We believe |\n| that the audit evidenc | e obtained by us | and the audit ev | idence obtai | ned by the oth | er a | uditors in terms |\n| of their reports referr | ed to in Other | Matters section b | elow, is suff | icient and app | ropr | iate to provide |\n| a basis for our audit o | pinion. |  |  |  |  |  |\n| Responsibilities of t | he Managemen | t and Board of | Directors f | or the Statem | ent |  |\n| The Statement whic | h includes the | Consolidated Fi | nancial Res | ults is the res | po | nsibility of the |\n| Parent's Board of Di | rectors and has | been approved st | by them for | the issuance. | Th | e Consolidated |\n| Financial Results for consolidated financia | the year ended l statements. T | 3 l March, 2025 his responsibility | has been c includes th | ompiled from e preparation a | the nd | related audited presentation of |\n| the Consolidated Fin | ancial Results f | or the quarter and | year ended | 31st March, 2 | 025 | that give a true |\n| and fair view of the | consolidated ne | t profit and con | solidated ot | her comprehen | siv | e income/(loss) |\n| and other financial | information of | the Group inc | luding its a | ssociates and | joi | nt ventures in |\n| accordance with the | recognition and | measurement pr | inciples laid | down in the | Indi | an Accounting |\n| Standards, prescribed | under Section | 133 of the Act, r | ead with rel | evant rules iss | ued | thereunder and |\n| other accounting prin | ciples generally | accepted in Indi | a and in com | pliance with | Reg | ulations 33 and |\n| 52 of the LODR Reg | ulations. |  |  |  |  |  |\n| The respective Board | of Directors of | the companies i | ncluded in th | e Group and o | f its | associates and |\n| joint ventures are res | ponsible for ma | intenance of ade | quate accou | nting records i | n a | ccordance with |\n| the provisions of the | Act for safeg | uarding the asse | ts of the Gr | oup and its a | ssoc | iates and joint |\n| ventures and for prev | enting and dete | cting frauds and | other irregu | larities; selecti | on | and application |\n| of appropriate accou | nting policies; | making judgm | ents and est | imates that a | re r | easonable and |\n| prudent; and the desi | gn, implementa | tion and mainte | nance of ad | equate internal | fin | ancial controls |\n| that were operating | effectively for | ensuring the ac | curacy and | completeness | of | the accounting |\n| records, relevant to t | he preparation a | nd presentation | of the respe | ctive financial | res | ults that give a |\n| true and fair view an | d are free from | material misstat | ement, whe | ther due to fra | ud | or error, which |\n| have been used for | the purpose of | preparation of | this Consol | idated Financi | al | Results by the |\n| Directors of the Pare | nt, as aforesaid. |  |  |  |  |  |\n| In preparing the Stat | ement, the resp | ective managem | ent and Boa | rd of Directors | of | the companies |\n| included in the Grou | p and of its as | sociates and join | t ventures a | re responsible | fo | r assessing the |\n| ability of the respecti | ve entities to c | ontinue as a goin | g concern, | disclosing, as | appl | icable, matters |\n| related to going conc | erri and using | the going conce | rn basis of | accounting un | less | the r ~ ·~ |", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 9, "section": "MUMBA\\ * \n~ ~/~~", "subsection": "Responsibilities of the Management and Board of Directors for the Statement", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "5c35a2adc1f4cbaa", "content": "[TABLE] Company: REL | Year: FY2025 | Section: MUMBA\\ * \n~ ~/~~ > Auditor's Responsibilities for the Audit of the Consolidated Financial Results for the year \nended 31st March, 2025 | Page: 10\n\n| Deloitte | Haskins & | Sells LLP |  |  | Chaturve | di & | Shah LLP |\n|---|---|---|---|---|---|---|---|\n| Board o | f Directors eit | her intends to liq | uidate their | respective entitie | s or to cease | operat | ions, or has |\n| no realis | tic alternative | but to do so. |  |  |  |  |  |\n| The resp | ective Board | of Directors of th | e companie | s included in the | Group and of | its ass | ociates and |\n| joint ven | tures are resp | onsible for overs | eeing the fin | ancial reporting | process of the | Grou | p and of its |\n| associate | s and joint v | entures. |  |  |  |  |  |\n| Auditor | 's Responsib | ilities for the A | udit of the | Consolidated F | inancial Res | ults fo | r the year |\n| ended 3 | 1st March, 20 | 25 |  |  |  |  |  |\n| Our obje | ctives are to o | btain reasonable | assurance a | bout whether the | Consolidated | Finan | cial Results |\n| for the y | ear ended 31 | st March, 2025 as | a whole ar | e free from mate | rial misstatem | ent, w | hether due |\n| to fraud | or error, and | to issue an audit | or's report t | hat includes our | opinion. Reas | onabl | e assurance |\n| is a high | level of assu | rance, but is not a | guarantee | that an audit con | ducted in acc | ordanc | e with SAs |\n| will alw | ays detect a | material misstate | ment when i | t exists. Misstat | ements can ar | ise fro | m fraud or |\n| error an | d are conside | red material if, i | ndividually | or in the aggre | gate, they cou | ld rea | sonably be |\n| expected | to influenc | e the economic | decisions | of users taken | on the basis | of t | his Annual |\n| Consolid | ated Financi | al Results. |  |  |  |  |  |\n| As part | of an audit i | n accordance wi | th SAs, we | exercise profes | sional judgm | ent an | d maintain |\n| professio | nal skepticis | m throughout the | audit. We a | lso: |  |  |  |\n| I | dentify and a | ssess the risks of | material mis | statement of the | Annual Cons | olidate | d Financial |\n|  | Results, whet | her due to fraud o | r error, des | ign and perform | audit procedu | res re | sponsive to |\n| t | hose risks, an | d obtain audit ev | idence that | is sufficient and | appropriate t | o pro | vide a basis |\n| f | or our opinio | n. The risk of no | t detecting | a material misst | atement result | ing fr | om fraud is |\n| h | igher than fo | r one resulting fro | m error, as f | raud may involv | e collusion, fo | rgery, | intentional |\n| o | missions, mi | srepresentations, | or the overr | ide of internal c | ontrol. |  |  |\n|  | Obtain an und | erstanding of int | ernal contro | l relevant to the | audit in ord | er to d | esign audit |\n| p | rocedures th | at are appropriate | in the circu | mstances, but no | t for the purp | ose of | expressing |\n| a | n opinion on | the effectiveness | of such con | trols. |  |  |  |\n| • | Evaluate the | appropriateness | of account | ing policies us | ed and the r | easona | bleness of |\n| a | ccounting es | timates made by t | he Board o | f Directors. |  |  |  |\n|  | Evaluate the | appropriateness | and reasona | bleness of discl | osures made | by th | e Board of |\n|  | Directors in te | rms of the requir | ements spec | ified under Regu | lations 33 and | 52 o | f the LODR |\n|  | Regulations. |  |  |  |  |  |  |\n|  | Conclude on t | he appropriatene | ss of the Bo | ard of Directors' | use of the go | ing co | ncern basis |\n| o | f accounting | and, based on th | e audit evi | dence obtained, | whether a ma | terial | uncertainty |\n| e | xists related | to events or cond | itions that | may cast signifi | cant doubt on | the ab | ility of the |\n|  | Group and its | associates and jo | int ventures | to continue as a | going concer | n. Ifw | e conclude |\n| t | hat a material | uncertainty exis | ts, we are re | quired to draw | attention in ou | r audi | tor's report |\n| t | o the related | disclosures in | the Annua | l Consolidated | Financial Re | sults | or, if such |\n| d | isclosures ar | e inadequate, to | modify our o | pinion. Our con | clusions are b | ased o | n the audit |\n| e | vidence obta | ined up to the | date of our | auditor's repo | rt. However, | future | events or |\n| c | onditions ma | y cause the Grou | p and its as | sociates and join | t ventures to | cease | to continue |\n| a | s a going con | cern. |  |  |  |  |  |", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "MUMBA\\ * \n~ ~/~~", "subsection": "Auditor's Responsibilities for the Audit of the Consolidated Financial Results for the year \nended 31st March, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "760a9a746f7930aa", "content": "[TABLE] Company: REL | Year: FY2025 | Section: MUMBA\\ * \n~ ~/~~ > Auditor's Responsibilities for the Audit of the Consolidated Financial Results for the year \nended 31st March, 2025 | Page: 11\n\n| Deloitte Haskins & S | ells LLP |  | C | haturvedi & Shah LLP |\n|---|---|---|---|---|\n| Evaluate the o | verall presenta | tion, structure | and content of | the Annual Consolidated |\n| Financial Resu | lts, including | the disclosures | , and whether t | he Annual Consolidated |\n| Financial Result | s represent the | underlying trans | actions and event | s in a manner that achieves |\n| fair presentation | . |  |  |  |\n| • Obtain sufficien | t appropriate a | udit evidence re | garding the Annu | al standalone/consolidated |\n| financial statem | ents/financial r | esults/financial | information of th | e entities within the Group |\n| and its associat | es and joint ve | ntures to expre | ss an opinion on | the Annual Consolidated |\n| Financial Result | s. We are respo | nsible for the di | rection, supervisi | on and performance of the |\n| audit of financ | ial informatio | n of such entit | ies included in | the Annual Consolidated |\n| Financial Resul | ts of which we | are the indepen | dent auditors. For | the other entities included |\n| in the Annual | Consolidated | Financial Result | s, which have b | een audited by the other |\n| auditors, such | other auditors | remain respo | nsible for the d | irection, supervision and |\n| performance of | the audits carri | ed out by them. | We remain solel | y responsible for our audit |\n| opinion. |  |  |  |  |\n| Materiality is the magn | itude of missta | tements in the A | nnual Consolida | ted Financial Results that, |\n| individually or in agg | regate, makes | it probable tha | t the economic d | ecisions of a reasonably |\n| knowledgeable user of t | he Annual Con | solidated Finan | cial Results may b | e influenced. We consider |\n| quantitative materiality | and qualitative | factors (i) in p | lanning the scope | of our audit work and in |\n| evaluating the results o | f our work; and | (ii) to evaluate | the effect of any i | dentified misstatements in |\n| the Annual Consolidate | d Financial Re | sults. |  |  |\n| We communicate with t | hose charged w | ith governance | of the Parent and s | uch other entities included |\n| in the Annual Consolid | ated Financial | Results of which | we are the indep | endent auditors regarding, |\n| among other matters, t | he planned sco | pe and timing | of the audit and | significant audit findings |\n| including any significan | t deficiencies i | n internal financ | ial controls that w | e identify during our audit. |\n| We also provide those | charged with | governance wit | h a statement tha | t we have complied with |\n| relevant ethical requir | ements regard | ing independen | ce, and to com | municate with them all |\n| relationships and other | matters that m | ay reasonably b | e thought to bear | on our independence, and |\n| where applicable, relate | d safeguards. |  |  |  |\n| We also performed pr | ocedures in ac | cordance with t | he Circular No. | CIR/CFD/CMDl/44/2019 |\n| dated 29th March, 2019 | issued by the | SEBI under Re | gulation 33(8) of | the LODR Regulations to |\n| the extent applicable. |  |  |  |  |\n| Other Matters |  |  |  |  |\n| I. The Statement i | ncludes the au | dited standalone | /consolidated fin | ancial statements/financial |\n| results/financial | information, i | n respect of - |  |  |\n| a. 217 sub | sidiaries, who | se audited sta | ndalone/consolida | ted financial statements/ |\n| financia t | l results/financ | ial information r | eflect total assets | of Rs. 659,588 crore as at |\n| 31s Ma I 3,988 | rch, 2025, total crore, total co | revenues of Rs mprehensive in | . 655,163 crore, t come of Rs. 12 st | otal profit after tax of Rs. ,360 crore, and net cash |\n| outflow the Stat | s of Rs. 6,179 ement which h | crore for the ye ave been audite | ar ended 31 Mar d by one of us eit | ch, 2025, as considered in her individually or jointly |\n| with oth | er auditors. |  |  |  |", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "MUMBA\\ * \n~ ~/~~", "subsection": "Auditor's Responsibilities for the Audit of the Consolidated Financial Results for the year \nended 31st March, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "986a85872b5982d0", "content": "[TABLE] Company: REL | Year: FY2025 | Section: MUMBA\\ * \n~ ~/~~ > Auditor's Responsibilities for the Audit of the Consolidated Financial Results for the year \nended 31st March, 2025 | Page: 12\n\n| e Haskins & Sells LL | P |  |  | Ch | aturvedi & Shah LLP |\n|---|---|---|---|---|---|\n| b. 12 associates | and 10 | joint ventures, whose | audit | ed | standalone/consolidated |\n| financial statem | ents/fin | ancial results/financial i | nformat | ion | reflect Group's share of |\n| profit after tax | of Rs. 1 | 95 crore, and total comp | rehensi | ve | income of Rs. 171 crore |\n| for the year en | ded 31st | March, 2025, as consid | ered in | the | Statement which have |\n| been audited by | one of | us either individually or | jointly | wit | h other auditors. |\n| c. 128 subsidiarie | s, whic | h have not been audited | by us, | wh | ose audited standalone/ |\n| consolidated fi | nancial | statements/financial re | sults/fi | nanc | ial information reflect |\n| total assets of | Rs. 900 | ,522 crore as at 31st M | arch, 2 | 025 | , total revenues of Rs. |\n| 497,946 crore, t | otal pro | fit after tax of Rs. 35,464 | crore, | tota | l comprehensive income |\n| of Rs. 34,889 cr | ore, and | net cash inflows of Rs. | 10,302 | cror | e for the year ended 31st |\n| March, 2025, a | s consi | dered in the Statement | which | have | been audited by other |\n| auditors. |  |  |  |  |  |\n| d. 78 associates a | nd 27 j | oint ventures, which ha | ve not | bee | n audited by us, whose |\n| audited standa | lone/con | solidated financial sta | tement | s/fin | ancial results/financial |\n| information ref | lect Gr | oup's share of profit af | ter tax | of | Rs. 162 crore and total |\n| comprehensive | income | of Rs. 207 crore for th | e year | end | ed 31st March, 2025, as |\n| considered in th | e State | ment which have been au | dited b | y ot | her auditors. |\n| The reports on the | annual | audited financial sta | tements | /fin | ancial results/financial |\n| information of these ent | ities ha | ve been furnished to us b | y the M | ana | gement and our opinion |\n| on the Annual Consoli | dated F | inancial Results, in so f | ar as it | rela | tes to the amounts and |\n| disclosures included i-n | respect | of these subsidiaries, as | sociates | an | d joint ventures, is based |\n| solely on the reports of | such au | ditors and the procedur | es perfo | rm | ed by us as stated under |\n| Auditor's Responsibilit | ies for | the Audit of the Annu | al Con | soli | dated Financial Results |\n| section above. |  |  |  |  |  |\n| Our opinion on the Ann | ual Con | solidated Financial Resu | lts is n | ot m | odified in respect of the |\n| above matter with respe | ct to ou | r reliance on the work do | ne and | the | reports of such auditors. |\n| The Statement includ | es the | unaudited standalone | finan | cial | statements/ financial |\n| results/financial inform | ation, in | respect of - |  |  |  |\n| a. 28 associates | and 13 | joint ventures, whose | unau | dite | d standalone financial |\n| statements/fina | ncial res | ults/ financial informati | on refl | ect | Group's share of profit |\n| after tax of Rs. | 165 cro | re and total comprehensi | ve inco | me | of Rs. 166 crore for the |\n| year ended 31st | March, | 2025, as considered in t | he State | me | nt. |\n| These annual standalon | e finan | cial statements/ financial | result | s/ fi | nancial information are |\n| unaudited and have be | en furn | ished to us by the Ma | nageme | nt a | nd our opinion on the |\n| Consolidated Financial | Results | for the year ended 31st | March, | 202 | 5, in so far as it relates |\n| to the amounts and dis | closures | included in respect of | these s | ubs | idiaries, associates, and |\n| joint ventures, is ba | sed so | lely on such annual | unaud | ited | standalone financial |\n| statements/financial res | ults/fin | ancial information. In | our opi | nio | n and according to the |\n| information and explan | ations | given to us by the Boa | rd of | Dire | ctors, these standalone |\n| financial statements/fin | ancial r | esults/financial informati | on are | not | material to the Group. |", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "MUMBA\\ * \n~ ~/~~", "subsection": "Auditor's Responsibilities for the Audit of the Consolidated Financial Results for the year \nended 31st March, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "932c0c79bd0e088d", "content": "[TABLE] Company: REL | Year: FY2025 | Section: MUMBA\\ * \n~ ~/~~ > Date: 25th April, 2025 | Page: 13\n\n| Deloitt | e Haskins & | S | ells LLP |  |  |  |  | Chaturvedi & | Shah LLP |\n|---|---|---|---|---|---|---|---|---|---|\n|  | Our opinion | on | the Consolidat | ed Financia | l Re | sults for | the | year ended 31st Mar | ch, 2025 is |\n|  | not modified | in | respect of the | above matte | r wi | th respe | ct to | our reliance on the | standalone |\n|  | financial stat | em | ents/financial | results/finan | cial | informa | tion | certified by the Bo | ard of the |\n|  | Directors. |  |  |  |  |  |  |  |  |\n| . | The Stateme | nt | includes the r | esults for t | he q | uarter e | nded | 31st March, 2025 | being the |\n|  | balancing fig | ur | e between aud | ited figures | in | respect | of th | e full financial ye | ar and the |\n|  | published ye | ar t | o date figures | up to the t | hird | quarter | of th | e current financial y | ear which |\n|  | were subject t | o l | imited review | by us, as req | uire | d under t | he L | ODR Regulations. O | ur opinion |\n|  | on the Audit | of | the Consolidat | ed Financia | l Re | sults for | the y | ear ended 31st Mar | ch, 2025 is |\n|  | not modified | in | respect of this | matter. |  |  |  |  |  |\n| For D | eloitte Haski | ns | & Sells LLP |  | For | Chatur | vedi | & Shah LLP |  |\n| Charte | red Accounta | nts |  |  | Cha | rtered A | ccou | ntants |  |\n| Firm's | Registration | No | . l l 7366W/W | -100018 | Firm | 's Regis | trati | on No. 101720W/W | -100355 |\n| Abhiji | t A. Damle |  |  |  | San | desh La | dha |  |  |\n| Partne | r |  |  |  | Part | ner |  |  |  |\n| Memb | ership No.102 | 91 | 2 |  | Mem | bership | No. | 047841 |  |\n| UDIN: | 25102912B | ML | CDC9291 |  | UDI | N: 2504 | 7841 | BMIHND2168 |  |\n| Date: | 25th April, 20 | 25 |  |  | Date | : 25th A | pril, | 2025 |  |", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "MUMBA\\ * \n~ ~/~~", "subsection": "Date: 25th April, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "6702656382a81345", "content": "[TABLE] Company: REL | Year: FY2025 | Section: 21,ass \n,:;;f.i1i' \n2,391 \n• • .. . .. 1},6$.ii: | Page: 14\n\n| .l. |  |  |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|\n| Name ofthe C | ompany: Rc | Uance ln | dustrks Limited |  |  |  |  |  |\n| Registered Offi | ce: 3rd Floo | r, Maker | Chamben, IV, 222~ \"Nariman | Point, Mu | mbai 400 | 021 |  |  |\n| AU | DITED CON | SOLIDA | TED FINANCIAL RESULTS F | OR THE Q | UARTER | /YEAR ENDED 31ST MA | RCH, 2025 |  |\n|  |  |  |  |  |  | in crore exce t | er share data | and ratio |\n|  |  |  |  | Quarte | r Ended |  | Year Ended |  |\n| Particulars |  |  |  | 31s | t Dec'24 |  | 3 | 1st Mar'24 |\n| Income Value of Sales & ~ess: GST Reco | Services (Re vered • | venue) |  |  | 267,186 23,321 | 21::~~: i{l~t,(1\\9t; | f !111:~: | 1,000,122 85,650 |\n| Revenue from Olher Income | Operations • |  |  |  | 243,865 4,214 | i~'~ ]ill 1 |  | 914,472 16,057 |\n| Expenses |  |  | Total Income |  | 243,079 |  |  | 930,529 |\n| Cost of Materials | Consumed |  |  |  | 98,514 | 103,968 |  | 400,345 |\n| Purchases rif St Changes in Inve | ocksin-Trade ntories of Fini | shed Good | s, Workcin |  | 59,459 | 42,825 |  | 189,881 |\n| Progress and St Excise Duty | ock-iii-Trade |  |  |  | (5,014) 3,879 | 6,671 |  | (4,883) 13,408 |\n| Employee Benef | its Expense |  |  |  | 7,155 |  |  | 25,679 |\n| Finance Costs |  |  |  |  | 6,179 |  |  | 23,118 |\n| Depreciation / A | mortisation a.n | d Depletio | n Expense |  | 13,181 |  |  | 50,832 |\n| Other Expenses |  |  |  |  | ~6,083 |  |  | 127,809 |\n|  |  |  | ToJal Expenses |  | 219,436 |  |  | 82~,189 |\n| Profit Before.Ta | x |  |  |  | 28,643 |  |  | 104,340 |\n| Tax Expenses |  |  |  |  |  |  |  |  |\n| Current Tax |  |  |  |  | 3,723 | 3,620 |  | 13,590 |\n| Deferred Tax |  |  |  |  | 3,116 | 2,957 |  | 12,117 |\n| Profit After Tax |  |  |  |  | 21,804 | 21,143 |  | 78,633 |\n| Share of Profit/ Profit After Tax | Loss of Asso and Share of | ciates and Profit/ (L | Joint Ventures oss) of |  | 126 21,930 | 100 21,243 |  | 387 79,020 |\n| Associates and Other Compreh | Joint Ventur ensive Incom | es e |  |  |  |  |  |  |\n| I liems th Income | at will not be r tax relating to | eclassified items tha | to Profit or Loss twill not be |  | (176) 42 | 2,761 |  | 3,852 (433) |\n| II reclassif Ill Items th IV Income reclassif | ied to Profit o at will be recla tax relating to ied to Profit o | r Loss ssified to items that r Loss | Profit or Loss will be |  | (2.482) 696 | (312) 706 (152) |  | 244 6 |\n| Total Other Co Tax Total Com rehe | mprehensive nsive Incom | Income I ( e for the P | Loss) (Net of eriod |  | (1,920) 20,010 | 3,003 24,246 |  | 3,669 82,689 |\n| Net Profit attrib | utable to: |  |  |  |  |  |  |  |\n| a) Owners | of the Comp | any |  |  | 18,540 | 18,951 |  | 69,621 |\n| b) Non-Co | ntrolling Intere | st |  |  | 3;390 | 2,292 |  | 9,399 |\n| Other Compreh | ensive Incom | e attribut | able to: |  |  |  |  |  |\n| a) Owners | of the Comp | any |  |  | (2,013) | 2,904 |  | 3,567 |\n| b) Non-Co | ntrolling Inter | est |  |  | 93. | 99 |  | 102 |\n| Total Comprehe | nsive lnc.om | e attributa | ble to: |  |  |  |  |  |\n| a) Owners | of the Comp | any |  |  | 16,527 | ,:;; 21,ass | f.i1i' | 73,188 |\n| b Non-Co | ntroliin Intere | st |  |  | 3.483 | 2,391 • • .. .. . 1}, | 6$.ii: | 9,501 |\n| ·Registered.O | ffice: | C | orporate Communications: | Telephone | (+91 | 22) 3555 5000 |  |  |\n| Maker Chamb | ers IV | ~ | faker Chambers IV | Telefax | (+91 | 22) 3555 5185 |  |  |\n| 3rd Floor, 222 | , Nariman Po | int 9 | th Floor, Narlman Point | Internet | www. | ril.coi11;·i11vcstor.relatio11s | (,v.ril.com |  |\n| l'vh.unbai 400 0 | 21. India |  | Mumbai 400 021, India | CIN | Ll71 | IOMIIJ97JPLC0l9786 |  |  |", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "21,ass \n,:;;f.i1i' \n2,391 \n• • .. . .. 1},6$.ii:", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d0204e11d60663ef", "content": "[TABLE] Company: REL | Year: FY2025 | Section: Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in % | Page: 15\n\n| Particulars |  |  |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|\n| Earnings pe | r equity sh | are (Fa~e | Valµ | e of f 10/-) (Not |  |  |  |  |\n| Annualised | for the. qua | rter) (Refe | r No | te 5) |  |  |  |  |\n| a) Basi | c (in~) |  |  |  |  | 13 | .70 | 51.45 |\n| b) Dilut Paid-up Equi | ed {in ,) ty Share Ca | pital (Equi | ty Sh | ares of face value |  | 13 13,5 | .70 32 | 51.45 6,766 |\n| oft 10/-e1:1c Other Equity Capital Rede | h) excluding R mption Res | • • evaluation erve/Debe | • Res nture | erve Red~mption |  |  |  | 786,715 |\n| Reserve Net Worth in | cludin Ret | ained Earr | iin s |  |  | 1,9 787,0 | 03 43 | 2,358 742,922 |\n| Ratibs |  |  |  |  |  |  |  |  |\n| a) Debt | Service Co | verage Ra | tio |  |  | 2 | .17 | 2.19 |\n| b) Inter | est Service | Coverage | Ratio |  |  | 5 | .64 | 5;51 |\n| c) Debt | Equity Rati | o |  |  |  | 0 | .42 | 0.41 |\n| d) Ourr e) Long | en!Ratio -term debt t | o working | capit | al |  | 1 2 | .10 .97 | 1.18 2;27 |\n| n Bae! | debts to Ac | count recei | vable | ratio |  |  |  |  |\n| g) Curre | nt' liability r | atio |  |  |  | 0 | .51 | 0.48 |\n| h) Total i) Debt | debts to to ors turnove | tal assets r |  |  |  | 0 30 | .19 .90 | 0.18 33.30 |\n| j) Inven | tory turnov | J er$ |  |  |  | 5 | ;15 | 5.73 |\n| k) Oper | ating margi | n(%) |  |  |  | 1 | 1.5 | 11.1 |\n| I Net | rofit mar in | % |  |  |  |  | 8.2 | 7.9 |\n| Ratios for the | quarter hav | e been ann | ualise | d |  |  |  |  |\n| Registered | Office: |  |  | Corporate Communications: | Telephone |  | (+91 22) 3555 5000 |  |\n| Maker Ch | ambers IV |  |  | Maker Chambers IV | TeJcfa.,..,_ |  | (+91 22) 3S55 5185 |  |\n| 3rd Floor, | 222, Narim | an Poin! |  | 9th.Floor, Nariinan Point | Internet |  | _www.ril.com; invesfor.relatfons@11'il.co111 |  |\n| Mumbai 4 | 00 021, In | dia |  | Mumbai 400 021, India | CIN |  | LI71 JOMHl973PLC019786 |  |\n|  |  |  |  |  |  |  | p | age 2 of |", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in %", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "e181415afe2f80d3", "content": "[TABLE] Company: REL | Year: FY2025 | Section: Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in % | Page: 16\n\n| Particulars |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|\n| ASSETS |  |  |  |  |  |  |\n| Non-Current Ass | ets |  |  |  |  |  |\n| Property, Plant an | d Equipment |  |  |  |  | 606,084 |\n| Spectrum |  |  |  |  |  | 69,852 |\n| Other.Intangible A | ssets |  |  |  |  | 89,060 |\n| Goodwill |  |  |  |  |  | 14,989 |\n| Capital Work-insPr | ogress |  |  |  |  | 152,382 |\n| Spectrum Under D | evelopment |  |  |  |  | 129;~02 |\n| Other Intangible A | ssets Under Develo | pment |  |  |  | 56,871 |\n| Financial Assets |  |  |  |  |  |  |\n| Investments |  |  |  |  |  | 119,502 |\n| Loans |  |  |  |  |  | 899 |\n| Other Financial | Assets |  |  |  |  | 2,622 |\n| Deferred Tax Asse | ts (Net) |  |  |  |  | 938 |\n| Other Non,Curren | t Assets |  |  |  |  | 43,085 |\n| Total Non-Curren | t Assets |  |  |  |  | 1,285,886 |\n| Current Assets |  |  |  |  |  |  |\n| Inventories |  |  |  |  |  | 152,770 |\n| Financial Assets |  |  |  |  |  |  |\n| Investments |  |  |  |  |  | 106,170 |\n| Trade Receivab | les |  |  |  |  | 31.628 |\n| Cash and Cash | Equiva1eilts |  |  |  |  | 97,225 |\n| Loans |  |  |  |  |  | 2,517 |\n| Other Financial | Assets |  |  |  |  | 23,965 |\n| Other Current Ass | ets |  |  |  |  | 55,825 |\n| Total Current Ass | ets |  |  |  |  | 470,100 |\n| Total Assets |  |  |  |  |  | 1,755,986 |\n| EQUITY AND LIA | BILITIES |  |  |  |  |  |\n| Equity |  |  |  |  |  |  |\n| Equity Share Capit | al |  |  |  |  | 6,766 |\n| Other Equity |  |  |  |  |  | 786;715 |\n| Non-Controlling Int | erest |  |  |  |  | 132;307 |\n| Total Equity |  |  |  |  |  | 925,788 |\n| Liabilities |  |  |  |  |  |  |\n| Non-Current Liab | ilities |  |  |  |  |  |\n| Financial Liabilities |  |  |  |  |  |  |\n| Borrowings |  |  |  |  |  | 222,712 |\n| Leas·e Uabilities |  |  |  |  |  | 17.415 |\n| Deferred Paym | ent LiabiHlies |  |  |  |  | 108,272 |\n| Other Financial | Liabilities |  |  |  |  | 5,667 |\n| Provisions |  |  |  |  |  | 2,044 |\n| Deferred Tax Liabil | ities (Net) |  |  |  |  | 72,241 |\n| Other Non-Current | Liabilities |  |  |  |  | 4,480 |\n| Total Non-Curren | t Liabilities |  |  |  |  | 432,831 |\n| Current Liabilities |  |  |  |  |  |  |\n| Financial liabilities |  |  |  |  |  |  |\n| Borrowings |  |  |  |  |  | 101,910 |\n| Lease Liabilities |  |  |  |  |  | 4,105 |\n| Trade Payables |  |  |  |  |  | 178,377 |\n| Other Financial | Liabilities |  |  |  |  | 55,602 |\n| Other Current Liabi | lities |  |  |  |  | 55,198 |\n| Provisions |  |  |  |  |  | 2,175 |\n| TotalCurrent Liab | ilities |  |  |  |  | 397,367 |\n| Total Liabilities |  |  |  |  |  | 830,198 |\n| Total Equity and L | iabilities |  |  |  |  | 1,755,986 |\n|  | .... •.•·~--~-.. ----·~· | ·\"•·····• .......... ~---~-----··~·-\"·\"~'\"\"\"\"\"~-··-· . | . --... .,.-... ..... _. _____ ,,~ ----- | ~. ..... _.,, ....... , ... ,,_.__,~,.-.......... , _,. | ... -·-, ., . ··-· ~--·-,,., ........... ..., ... ~,·-······ .. ,·~-~-.,,-.,., ., ............., . ··~··· --~· , .. , ..., ,----····~ | -·~·~··· . |\n| Registered Offic | e: | Corporate Commu | nica~t ions: | Tc;kphonc | (+91 22)~ 3555 5000 |  |\n| !\\faker Chambers | IV | Maker Chambers IV |  | Telefax | (+91 22) 3555 5185 |  |\n| Jrd Floor, 222, N | ari man Point | 9th Floor, Nariman | Point | Internet | ~Jrn·. ril.mm; invcstor.reiations{Wril.com |  |\n| l'vli.tmbai 400 02 I, | India | Mumbai 400 021, I | ndia | CIN | Ll7IIOMH1973PLC0I9786 |  |", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in %", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "767a766c7692bad6", "content": "[TABLE] Company: REL | Year: FY2025 | Section: Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in % > Loss on Sale I Discard of Property, Plant and Equiprnent and Other lntangi~le Assets (Net) \nDepreciation / Amortisation and Depletion Expense \nEffect of Exchange Rate Change \nNet Gain on Financial.A.$$ets • \nDivid.end Income \ninterest Income \nFinance Costs \nOperating Profit before Working Capital Changes | Page: 17\n\n|  |  | A | UDITED | CONSOLIDATED C | ASH FLOW STATE | MENT FORT | H!: YEAR ENDED 31sr MARCH, 2025 |  |\n|---|---|---|---|---|---|---|---|---|\n|  | Parti | culars |  |  |  |  | Y | in crore ear Ende~ |\n|  | A. | CASH FLO | W FROM | OPERATING ACTIVITI | ES: |  |  | 315tMar'24 |\n|  |  | Net Profit | Before Ta | x as per Statement of | Profit and Loss |  |  | 104,340 |\n|  |  | Aqjusted fo | r: |  |  |  |  |  |\n|  |  | Loss on | Sale I Di | scard of Property, Plant | and Equiprnent and Oth | er lntangi~le As | sets (Net) | 178 |\n|  |  | Depreci | ation / Am | ortisation and Depletion | Expense |  |  | 50,832 |\n|  |  | Effect o | f Exchang | e Rate Change |  |  |  | (1;330) |\n|  |  | Net Gai | n on Fina | ncial.A.$$ets • |  |  |  | (1,921} |\n|  |  | Divid.en | d Income |  |  |  |  | (89) |\n|  |  | interest | Income |  |  |  |  | (10,745) |\n|  |  | Finance | Costs |  |  |  |  | 23,118 |\n|  |  | Operating | Profit be | fore Working Capital C | hanges |  |  |  |\n|  |  | Adjusted fo | r: |  |  |  |  |  |\n|  |  | Trad.e a | nd Other | Receivables |  |  |  | (15,674) |\n|  |  | Invento | ries |  |  |  |  | (12,756) |\n|  |  | Trade a | nd Other | Payables |  |  |  | 34,796 |\n|  |  | Cash Gen | erated fro | m Operations |  |  |  | 170,749 |\n|  |  | Taxes Paid | (Net) |  |  |  |  | (11,9q1) |\n|  |  | Net Cash | Flow from | O eratin Activities |  |  |  | 158;788 |\n|  | B.. | CASH FLO | W FROM | INVESTING ACTIVITIE | S: | . |  |  |\n|  |  | Expenditur | e on Prop | erty, Plant and Equipme | nt, Spectrum and Other | Intangible As!,et | s | (152,883) |\n|  |  | Proceeds f | rom dispo | sal of Property, Plant an | d Equipmehtand Other | Intangible Asse | ts | 15,307 |\n|  |  | Purchase o | f Investm | ents • | • • • • | • | • | (513;660) |\n|  |  | Proceeds f | rom Sale | of Financial Assets |  |  |  | • 531,355 |\n|  |  | Payment o | f Deferr~d | Payment lic:!bililies |  |  |  | (4,423) |\n|  |  | interest Inc | ome |  |  |  |  | 10;648 |\n|  |  | Dividend In | come from | Associates |  |  |  | 59 |\n|  |  | Dividend In | come from | Others |  |  |  | .16 |\n|  |  | Net Cash | Flow used | in lnvestin Activities |  |  |  | 113,581 |\n|  | C. • | CASH FLO | W FROM | FINANCiNG ACTIVITIE | S: |  |  |  |\n|  |  | Proceeds f | rom Issue | of Equity Share Capital |  |  |  |  |\n|  |  | Proceeds f | rom lssu:e | cif Share Capital to Non | -Controlling Interest (N | et of Dividend P | aid) | 20,915 |\n|  |  | Net Proce | eds.from | Rights Issue |  |  |  | .7 |\n|  |  | Payments | to Non-C | ontrolling lnterestShareh | olders towar-ds Capital | Reduction |  | (1,085) |\n|  |  | Payment o | f Lease L | iabilities |  |  |  | (2,483) |\n|  |  | Proceeds f | rom Borro | wings -Non-Current (in | cluding current maturiti | es) |  | 69;610 |\n|  |  | Repaymeh | t of Borro | wings -Non-Current (inc | luding currentmaturitie | s) |  | (35,055) |\n|  |  | Bor'Towihg | s -Curren | t (Net) |  | • |  | (25,293) |\n|  |  | Payment o | f Dividend | to Equity Holders of the | , Company |  |  | (6,089) |\n|  |  | Payment o | f Dividend | to Non-Controlling Inte | rest |  |  |  |\n|  |  | Interest Pa | id |  |  |  |  | 37,173 |\n|  |  | Net Cash | Flow used | in Financing Activitie | s |  |  | 16,646 |\n|  |  | Net Increa | se in Cas | h and Cash Equivalent | s |  |  | 28,561 |\n|  |  | Opening B | alance o | f Cash and Cash Equiv | alents |  |  | 68,664 |\n|  | 2,200, | Closin B 000 | alance of | Cash and Cash E uiva | lents |  |  |  |\n| #~ ,z * | 150,0 | 00 |  |  |  |  |  |  |\n| . | . | . • . | . . . . . : |  | ........., ... _,.,-~ .. ·• •••• ·:·' -:·· ... _, · | ·····--··~---··. •. ,.,. • \"\" ,., ........ | ... , .., .~-- ....., . _. .. ~. ---.•• •·. -~- • • • - • -~. . ---·. •. ·----__ .. __ ._._., -# |  |\n|  | Regi | st~recl Off | ice: | Corporate | Communic.adons.: | Telephone | (+91 22)3555 ::i0OO |  |\n|  | Mak | er Chambe | rs IV | Maker Cha. | inbets IV | Telefax | (+91 22) 3555 51 ~5 |  |\n|  | 3rd F | loor, 222, | Narirnan | Point 9th Floor, N | atiri1an Point | Internet | wwv.'.ril.com: ihvestor.reia1ioi1s(tvril.coni |  |\n|  | Mum | bai 400 () | 21, India | Mumbai40 | 0 021, India | CIN | Li71 IOMH197lPLC019786 |  |", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 17, "section": "Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in %", "subsection": "Loss on Sale I Discard of Property, Plant and Equiprnent and Other lntangi~le Assets (Net) \nDepreciation / Amortisation and Depletion Expense \nEffect of Exchange Rate Change \nNet Gain on Financial.A.$$ets • \nDivid.end Income \ninterest Income \nFinance Costs \nOperating Profit before Working Capital Changes", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "12e7c233cf4d43bb", "content": "[TABLE] Company: REL | Year: FY2025 | Section: Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in % > Unsecured Redeemable Non-Convertible Debentures amounting to~ 850 crore (PPD 5 - Option | Page: 18\n\n| 1. | The figures | for the corres | ponding previous | periods hav | e been | regrouped/ | reclassified | wherever |\n|---|---|---|---|---|---|---|---|---|\n|  | necessary, | to make them | comparable. |  |  |  |  |  |\n|  | The figures | for quarter en | ded March 31, 20 | 25 are bala | ncing fig | ures betwe | en the audit | ed figures |\n|  | of the full fi | nancial year | and the limited re | viewed yea | r-to-dat | e figures upt | o the third | quarter of |\n|  | the financia | l year. |  |  |  |  |  |  |\n| 2. | The Board | of Directors h | as recommended | dividend of | ~ 5.5/- | per fully paid | up equity | share of |\n|  | ~ 10/- each | for the financ | ial year ended Ma | rch 31, 202 | 5. This | payment of | dividend is | subject to |\n|  | approval of | members of | the Company at e | nsuing Ann | ual Gen | eral Meeting | of the Com | pany. |\n| 3. | Total Non- | Convertible D | ebentures of the G | roup outsta | nding ( | before nettin | g off prepa | id finance |\n|  | charges an | d Fair Valuat | ion Impact) as on | March 31, | 2025 | are ~ 30,03 | 9 crore out | of which, |\n|  | Secured N | on-Convertibl | e Debentures are | ~ 21,000 cr | ore. |  |  |  |\n|  | The Secure | d Non-Conve | rtible Debentures | of the Grou | p aggre | gating~ 21,0 | 00 crore as | on March |\n|  | 31, 2025 a | re secured by | way of first char | ge on the | Group's | certain mov | able prope | rties. The |\n|  | security cov | er in respect | of the Secured No | n-Convertib | le Deb | entures of th | e Group as | on March |\n|  | 31, 2025 is | more than 1. | 25 times of the prin | cipal and i | nterest | accrued of th | e said Sec | ured Non |\n|  | Convertible | Debentures. |  |  |  |  |  |  |\n|  | During the | year April 20 | 24 to March 2025 | , the Grou | p redee | med / purc | hased and | cancelled |\n|  | Listed Uns | ecured Redee | mable Non-Conv | ertible Deb | entures | of ~ 1,437 c | rore (PPD | 3), Listed |\n|  | Unsecured | Redeemable | Non-Convertible D | ebentures | amounti | ng to~ 850 | crore (PPD | 5 -Option |\n|  | 2) and of ~ | 5,000 crore | (PPD 17); and e | ffected par | t redem | ption of ~ 1 | ,000 crore | of Listed |\n|  | Secured Re | deemable No | n-Convertible De | bentures (P | PD 8). |  |  |  |\n| egist | ered Office: | Corpo | rate Communications: | Telephone | (+91 22) 3 | 555 5000 |  |  |\n| aker | Chambers .IV | !\\faker | Chambers IV | Telefa'\\'. | (+9122)35 | 555185 |  |  |\n| d Fl | oor, 222, Narima | n Point 9th Flo | or, Nariman Point | Internet | ,,w\\\\,.dLro | m: investor .relat | ions((hi I.com |  |\n| omb | ai 400 021, India | Mumb | ai 400 021, India | CIN | LI 71 IOMI | I I973PLC0l9786 |  |  |\n|  |  |  |  |  |  |  |  | Page 5 of 20 |", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in %", "subsection": "Unsecured Redeemable Non-Convertible Debentures amounting to~ 850 crore (PPD 5 - Option", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "76fb0428a680c6e7", "content": "[TABLE] Company: REL | Year: FY2025 | Section: Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in % > Changes in Inventory + Manufacturing Expenses) | Page: 19\n\n| Sr. | Ratios | Formulae |\n|---|---|---|\n| a) | Debt Service Coverage Ratio | Earnings before 1.nterest and Tax • Interest Expense+ Principal Repayments made during the period for long term loans |\n| b) | Interest Service Coverage Ratio | Earnings before Interest and Tax Interest Expense |\n| c) | Debt Equity Ratio | Total Debt To.ta! Equity |\n| d) | Current Ratio | Current Assets Current Liabilities |\n| e) | Long term debt to working capital | Non-Current Borrowings (Including Current Maturities of Non- Current Borrowings) Current Assets Less Current Liabilities (Excluding Cur:rerit Maturities of Non-Current Elorrowings) |\n| f) | B.ao debts to account receivable ratio | Bad Debts Average Trade Receivables |\n| g) | Current liability ratio· | Total Current Liabilities Total. Liabilities |\n| h) | Total debts to total assets | Tot1;:1I Debt Total Assets |\n| i} | Debtors turnover | Value of Sales.& Services AverageTrade Receiva.bles |\n| j} | Inventory turnover | Cost of Goods Sold (Cost of Material Consumed+ Purchases + Changes in Inventory + Manufacturing Expenses) Average Inventories of Finished Goods., Stock-in-Process and. Stock:..in-Trade |\n| k) | Operating margin (%) | Earnings before Interest and Tax less other Income Value of Sales & Services |\n| I) | Net profit margin (%) | Profit After Tax,and Share of Profit/ (Loss) of Asso.ciates and Joint Ventures Value of Sales & Services |", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in %", "subsection": "Changes in Inventory + Manufacturing Expenses)", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "012c1a9f2e8698be", "content": "[TABLE] Company: REL | Year: FY2025 | Section: Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in % > 676,61,86,449 equity shares were allotted lo the eligible holders of equity shares on the record | Page: 20\n\n| 5. | During the year, a) | 142,565 partly | paid-up | equity shar | es were c | ancelled post forfeiture; | and b) |\n|---|---|---|---|---|---|---|---|\n|  | 676,61,86,449 equit | y shares wer | e allotted | lo the eligib | le holders | of equity shares on the | record |\n|  | dale (i.e., October | 28, 2024) as | bonus e | quity share | s by capit | alizing securities premi | um. In |\n|  | accordance with the | 'Ind AS 33 - | Earnings | per Share', | the figure | s of Earnings Per Share | for the |\n|  | quarter/year ended | March 31, 20 | 24 have | been resta | ted to giv | e effect to the allotment | of the |\n|  | bonus shares. |  |  |  |  |  |  |\n| 6. | The Audit Committe | e has reviewe | d, and th | e Board of | Directors h | as approved the above | results |\n|  | and its release al th | eir respective | meetings | held on Ap | ril 25, 202 | 5. The Statutory Auditors | of the |\n|  | Company have issu | ed audit repor | t with un | modified op | inion on th | e above results. |  |\n| Regist | ered Office: | Corporate Commu | nications: | Telephone | ( +91 22) 3555 | 5000 |  |\n| Maker | Chambers IV | Maker Chambers IV |  | Telefax | (+91 22) 3555 | 5185 |  |\n| 3rd Flo | or, 222, Nariman Point | 9th floor. Nariman | Point | Internet | w,,-w.ril.com: i | nvcslor.rclations!airil.com |  |\n| tvlurnb | ai 400 02 I, India | Mumbai 400 021, In | dia | CJN | 1.171 I0MHl97 | 3PLC0I9786 |  |", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 20, "section": "Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in %", "subsection": "676,61,86,449 equity shares were allotted lo the eligible holders of equity shares on the record", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "73fe73d6fbe9333d", "content": "[TABLE] Company: REL | Year: FY2025 | Section: Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in % > 676,61,86,449 equity shares were allotted lo the eligible holders of equity shares on the record | Page: 21\n\n| r. |  |  |  |  | Quarte | r Ende | d | Year Ended | ~ |\n|---|---|---|---|---|---|---|---|---|---|\n| o | Particulars |  |  |  | 31.s | t Dec'2 | 4 | 3 | 1st Mar'24 |\n|  | Segment Value of Sale | s | and | Services |  |  |  |  |  |\n| 1 | (Revenue) |  |  |  |  |  |  |  |  |\n|  | - Oil to Chemicals (02C) |  |  |  |  | 149,59 | 5 | 142;634 | 564,749 |\n|  | - _Oil ahd Gas |  |  |  |  | 6,37 | 0 | 6,468 | 24,439 |\n|  | -Retai_l |  |  |  |  | 90,351 |  | 76,683 | 306,848, |\n|  | - Digital Services |  |  |  |  | 39,73 | 3 | 34,741 | 132,938 |\n|  | - others |  |  |  |  | 12,23 | 6 | 31,099 | 80,516 |\n|  | Gross Value of Sales ahd Se | rvi | ces |  |  | 298;28 | 5 | 291,625 | 1;109;490 |\n|  | Less: Inter Segment Transfers |  |  |  |  | 31,09 | 9 | 26,791 | 109,368 |\n|  | Value.of Sales & Services |  |  |  |  | 267,18 | 6 | 264,834 | 1,000, 1.22 |\n|  | Less: GST Recovered |  |  |  |  | 23,321 |  | 24,119 | 85 650 |\n|  | Revenue from Operations |  |  |  |  | 243;86 | 5 | 240;715 | 914,472 |\n| 2 | Segment Results (EBITDA) |  |  |  |  |  |  |  |  |\n|  | - OiLto Chemicals (02C)* • |  |  |  |  | 14,40 | 2 |  | 62,389 |\n|  | \"Oil arid Gas • |  |  |  |  | 5,56 | 5 |  | 20,191 |\n|  | - Retail' |  |  |  |  | 6i84 | 0 |  | 23,108, |\n|  | - Digital Servic$s |  |  |  |  | 16,64 | 0 |  | 56,675 |\n|  | - Others Total Segment Profit before | In | terest, | Tax and |  | 2,14 | 8 |  | 8,466 |\n|  | Depreciation,Amori.isation a | nd | Deple | tion |  | 45,59 | 5 |  | 170,829 |\n| 3 | Segment Results (EEilT) |  |  |  |  |  |  |  |  |\n|  | - Oil toChemicals (02C)* |  |  |  |  | 12;81 | 9 |  | -$3,613 |\n|  | . - Oil and Gas |  |  |  |  | 4,22 | 2 |  | 14,831 |\n|  | - Retail* |  |  |  |  | 5,32 | 2 |  | 17,524 |\n|  | - Digital Services |  |  |  |  | 10,25 | 2 |  | 33,102 |\n|  | - Others |  |  |  |  | 11 | 4 |  | 1,206 |\n|  | Total Segment Profit before | Int | erest.a | nd Tax |  | 32,72 | 9 |  | 120,276 |\n|  | (i) Finance Cost |  |  |  |  | (6,179 | ) |  | (23,118) |\n|  | (ii) Interest Income (Iii) Other Un-allocable lricom | e ( | Net of |  |  | 2,801 |  |  | 9,575 |\n|  | Expenditure) Profit Before Tax | •• |  |  |  | (708 28,64 | ) 3 |  | (2,393) 104,340 |\n|  | (i) Current Tax |  |  |  |  | (3l23 | } |  | (13,590) |\n|  | (ii) Deferred Tax |  |  |  |  | 3,116 |  |  | 12,117 |\n|  | Profit After Tax Share of Profit/ (Loss) of As Ventures | so | ciates | and Joinf •• |  | 21,80 12 | 4 6 |  | 78,633 387 |\n|  | Profit After Tax and Share o Associates and Joint Veritur | f P es | rofit J ( | Loss) of |  | 21,93 | 0 |  | 79,020 |\n| egme | nt results (EBITDA and EBIT) | inc | lude In | terest Income pertaining to t | he respec | tive seg | ments. |  |  |\n| Reg | istered Office: |  | Corpo | rate Communications:- | Telephon | e. | (+91 22) 3 | 555 5000 |  |\n| t,,1ak 3rd | er Chambers IV Floor; 222, Nariman Point |  | Maker 9th Flo | Chambers JV or, Nariman Point | Telefax Internet. |  | (+91 22)3 w.ril.co | 5555185 m; investor.relationsriv.ril .com |  |\n| Mu | mbai 400 021, India |  | Munib | ai 400 021, India | CIN |  | ,,·\\1 1.,,171 IOM | Hl971PLCOl9786 |  |", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 21, "section": "Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in %", "subsection": "676,61,86,449 equity shares were allotted lo the eligible holders of equity shares on the record", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "39136d4a799c02dd", "content": "[TABLE] Company: REL | Year: FY2025 | Section: Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in % > 676,61,86,449 equity shares were allotted lo the eligible holders of equity shares on the record | Page: 22\n\n|  |  |  |  |  |  |  |  | tin crore |\n|---|---|---|---|---|---|---|---|---|\n| Sr. No | Particulars |  |  | Qua | rter End | ed | Year Ended |  |\n| 4 | Segment Assets |  |  |  |  |  |  | 31stMar'24 |\n|  | - OiltoChemicals | (02C) |  |  |  |  |  | 416;322 |\n|  | - Oil and Gas |  |  |  |  |  |  | 36,625 |\n|  | -Hetail |  |  |  |  |  |  | 198,765 |\n|  | - Digital Services |  |  |  |  |  |  | 555,269 |\n|  | - Others |  |  |  |  |  |  | 252,435 |\n|  | - Unallocated |  |  |  |  |  |  | 296,570 |\n|  | Total Segment As | sets |  |  |  |  |  | 1,755,986 |\n| 5 | Segment Liabilitie | s |  |  |  |  |  |  |\n|  | - Oil toChemitals | (02C) |  |  | 163,56 | 3 | 127,177 | 127;177 |\n|  | - Oil and Gas | • |  |  | 8,16 | 9 | 11,842 | 11,842 |\n|  | - Retail |  |  |  | 84,10 | 1 | 74,618 | 74,618 |\n|  | - Digital Services |  |  |  | 250,02 | 1 | 237,800 | 237,800 |\n|  | -.Others |  |  |  | 53,03 | 6 | 38,759 | 38/59 |\n|  | - Unallocated |  |  |  | 1,328,65 | 0 | 1;265,790 | 1,265,790 |\n|  | Total SegmentLia | bilitie!i |  |  | ·1,887,54 | 0 |  | 1,755,986 |\n| Regi | stered Office: |  | Corporate Communications: | Teleph | one | (+9122) | 3555 5000 |  |\n| Mak | er Chambers IV |  | Maker Chambers IV | Telefax |  | (+91 22) | 3555 5185 |  |\n| 3rd F | loor, 222, Nariman | Point | 91h Fl{.}{)r, Nariman Point | Interne | t | www.riLc | om; investor:rcla1ions@ril.coi11 |  |\n| l'\\'lum | bai 400 021, India |  | i'Vlumbai 400 021, India | CIN |  | LI7' IOM | Hl973PLC0l9786 |  |", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 22, "section": "Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in %", "subsection": "676,61,86,449 equity shares were allotted lo the eligible holders of equity shares on the record", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "0278dee1cde37914", "content": "[TABLE] Company: REL | Year: FY2025 | Section: Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in % > the Others segment. | Page: 23\n\n| N | otes | to Se | gment Inform | ation (C | onsolidated) f | or the Qua | rter and Year Ended 31s | t March 2025 |\n|---|---|---|---|---|---|---|---|---|\n| As | per | Indian | Accounting S | tandard | 108 'Operatin | g Segment | s', the Company has repo | rted 'Segment |\n| Inf | orm | ation', | as described | below: |  |  |  |  |\n|  |  | a) | The Oil to Ch | emicals | segment inclu | des refinin | g, petrochemicals, fuel ret | ailing, aviation |\n|  |  |  | fuel and bulk | wholesal | e marketing. It | includes br | eadth of portfolio spanning | transportation |\n|  |  |  | fuels, polyme | rs, polye | sters and ela | stomers. T | he deep and unique integ | ration of O2C |\n|  |  |  | business inclu | des wor | ld-class asset | s comprisin | g Refinery Off-Gas Crack | er, Aromatics, |\n|  |  |  | Gasification, | Multi-fee | d and Gas | Crackers | along with downstream | manufacturing |\n|  |  |  | facilities, logis | tics and | supply-chain i | nfrastructur | e. |  |\n|  |  | b) | The Oil and G | as segm | ent includes e | xploration, | development, production o | f crude oil and |\n|  |  |  | natural gas. |  |  |  |  |  |\n|  |  | c) | The Retail se | gment in | cludes consum | er retail an | d range of related service | s. |\n|  |  | d) | The Digital S | ervices | segment inclu | des provisio | n of a range of digital ser | vices. |\n|  |  | e) | Other busines | s segme | nts which are | not separat | ely reportable have been | grouped under |\n|  |  |  | the Others se | gment. |  |  |  |  |\n|  |  |  |  | ' ~ | ·-· | • -~--- |  |  |\n|  | Regis | tered Off | ice: | Corporate C | ommunications: | Telephone | (+91 22) 3555 5000 |  |\n|  | Maker | Chambe | rs IV | Maker Cham | bers IV | Telefax | (+9122)35555185 |  |\n|  | 3rd Fl | oor, 222, | Nariman Point | 9th Floor, N | ariman Point | Internet | ,,·w,u·il.com: invcslor.rclations@ri | l.com |\n|  | Mumb | ai 400 02 | 1, India | Mumbai 400 | 021, India | CIN | LI 71 !0MH I 973PLC019786 |  |\n|  |  |  |  |  |  |  |  | Page to of20 |", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 23, "section": "Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in %", "subsection": "the Others segment.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "daae6d70be4ceb4d", "content": "[TABLE] Company: REL | Year: FY2025 | Section: Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in % > Basis for Opinion on the Audited Standalone Financial Results for the year ended 3!81 \nMarch,2025 | Page: 24\n\n| Deloitte Haskins & S | ells LLP |  | Chaturvedi & Shah | LLP |\n|---|---|---|---|---|\n| Chartered Accountants |  |  | Chartered Accountant | s |\n| One International Cen | ter |  | 912, Tulsiani Chambe | rs |\n| Tower 3, 31st Floor |  |  | 212 Nariman Point |  |\n| Senapati Bapat Marg |  |  | Mumbai - 400021 |  |\n| Elphinstone Road (We | st) |  | Maharashtra, India |  |\n| Mumbai-400013 |  |  |  |  |\n| Maharashtra, India |  |  |  |  |\n| ndependent Auditor' | s Report on | Audit of the Ann | ual Standalone Fina | ncial Results of |\n| Reliance Industries | Limited (\" | the Company\") p | ursuant to the re | quirements of |\n| Regulations 33 and 5 | 2 of the SE | BI (Listing Obliga | tion and Disclosure | Requirements) |\n| Regulation 2015, as a | mended |  |  |  |\n| To the Board of Direc | tors of |  |  |  |\n| Reliance Industries Li | mited |  |  |  |\n| Opinion |  |  |  |  |\n| We have audited Standa | lone Financi | al Results for the ye | ar ended 31st March, 2 | 025 included in |\n| he accompanying \"Stat | ement of Sta | ndalone Financial R | esults for the Quarter | and Year Ended |\n| 31st March, 2025\" (refe | r 'Other Mat | ter' section below) | of Reliance Industrie | s Limited (\"the |\n| Company\"), which in | cludes joint | operations (the \"S | tatement\"), being su | bmitted by the |\n| Company pursuant to | the require | ments of Regulatio | ns 33 and 52 of the | SEBI (Listing |\n| Obligations and Discl | osure Requi | rements) Regulatio | ns, 2015, as amende | d (\"the LODR |\n| Regulations\"). |  |  |  |  |\n| n our opinion and to th | e best of our | information and acc | ording to the explanati | ons given to us, |\n| he Standalone Financia | l Results for | the year ended 31st | March, 2025: |  |\n| i) are presented in | accordance | with the requireme | nts of Regulations 3 | 3 and 52 of the |\n| LODR Regulati | ons; and |  |  |  |\n| ii) gives a true an | d fair view | in conformity wit | h the recognition an | d measurement |\n| principles laid | down in th | e Indian Accounti | ng Standards and ot | her accounting |\n| principles gener | ally accepted | in India of the net p | rofit and other compre | hensive income |\n| and other.financ | ial informati | on of the Company | for the year then ende | d. |\n| Basis for Opinion on | the Audited | Standalone Finan | cial Results for the y | ear ended 3!81 |\n| March,2025 |  |  |  |  |\n| We conducted our audit | in accordan | ce with the Standard | s on Auditing (\"SA\"s) | specified under |\n| Section 143(10) of the | Companies | Act, 2013 (\"the Ac | t\"). Our responsibilit | ies under those |\n| Standards are further | described | in Auditor's Resp | onsibilities section b | elow. We are |\n| ndependent of the Com | pany in acc | ordance with the Co | de of Ethics issued by | the Institute of |\n| Chartered Accountants nt to our audit of | of India (\"th the Standalo | e ICAI\") together ne Financial Result | with the ethical requir s for the year ended 3 | ements that are 1st March 202 |", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 24, "section": "Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in %", "subsection": "Basis for Opinion on the Audited Standalone Financial Results for the year ended 3!81 \nMarch,2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "542ad1c31a8d07ba", "content": "[TABLE] Company: REL | Year: FY2025 | Section: Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in % > Auditor's Responsibilities for the Audit of the Standalone Financial Results for the year \nended 3181 March, 2025 | Page: 25\n\n| Deloitte Haskins | & Sells LLP |  |  |  |  | Chaturvedi | & Shah LLP |\n|---|---|---|---|---|---|---|---|\n| under the provisio | ns of the Act | and the Rule | s | thereun | der, and we h | ave fulfilled ou | r other ethical |\n| responsibilities in | accordance | with these | re | quirem | ents and the | ICAI's Code o | f Ethics. We |\n| believe that the au | dit evidence | obtained by | u | s is su | fficient and a | ppropriate to p | rovide a basis |\n| for our audit opini | on. |  |  |  |  |  |  |\n| Responsibilities o | f the Manag | ement and | B | oard o | f Directors fo | r the Stateme | nt |\n| This Statement w | hich include | s the Standa | lo | ne Fin | ancial Result | s is the respon | sibility of the |\n| Company's Board | of Directors | and has be | en | appro | ved by them f | or issuance. T | he Standalone |\n| Financial Results | for the year | ended 31st | M | arch, | 2025 has bee | n compiled fro | m the related |\n| audited standalon | e financial | statements. | T | his res | ponsibility in | cludes the pr | eparation and |\n| presentation of th | e Standalone | Financial R | e | sults f | or the quarter | and year ende | d 31st March, |\n| 2025 that give a tr | ue and fair vi | ew of the ne | t | profit a | nd other com | prehensive inco | me/(loss) and |\n| other financial i | nformation | of the Com | p | any in | accordance | with the rec | ognition and |\n| measurement prin | ciples laid | down in the |  | Indian | Accounting | Standards pre | scribed under |\n| Section 133 of th | e Act read | with releva | nt | rules | issued there | under and oth | er accounting |\n| principles general | ly accepted i | n India and | in | comp | liance with R | egulations 33 | and 52 of the |\n| LODR Regulation | s. This resp | onsibility al | s | o inclu | des maintena | nce of adequa | te accounting |\n| records in accorda | nce with the | provisions o | f t | he Act | for safeguardi | ng the assets of | the Company |\n| a nd for preventing | and detecti | ng frauds an | d | other | irregularities; | selection and | application of |\n| appropriate accou | nting policie | s; making j | u | dgmen | ts and estima | tes that are re | asonable and |\n| prudent; and the | design, imp | lementation | a | nd ma | intenance of | adequate inter | nal financial |\n| controls that were | operating e | ffectively fo | r | ensuri | ng the accura | cy and comple | teness of the |\n| accounting record | s, relevant to | the prepara | ti | on and | presentation | of the Stateme | nt that give a |\n| true and fair view | and is free fr | om material | m | isstate | ment, whethe | r due to fraud o | r error. |\n| In preparing the | Statement, t | he managem | e | nt and | Board of D | irectors are re | sponsible for |\n| assessing the Com | pany's abili | ty to contin | u | e as a | going concer | n, disclosing, | as applicable, |\n| matters related to | going conce | rn and using | t | he goi | ng concern ba | sis of accounti | ng unless the |\n| Board of Director | s either inten | ds to liquid | at | e the C | ompany or to | cease operatio | ns, or has no |\n| realistic alternativ | e but to do so | . |  |  |  |  |  |\n| The Board of Dire | ctors is also r | esponsible f | or | overs | eeing the fina | ncial reporting | process of the |\n| Company. |  |  |  |  |  |  |  |\n| Auditor's Respon | sibilities for | the Audit | of | the St | andalone Fin | ancial Results | for the year |\n| ended 3181 March | , 2025 |  |  |  |  |  |  |\n| Our objectives ar | e to obtain r | easonable a | ss | urance | about wheth | er the Standal | one Financial |\n| Results for the ye | ar ended 31st | March, 202 | 5 | as a w | hole are free | from material | misstatement, |\n| whether due to fr | aud or error | , and to iss | ue | an a | uditor's repor | t that includes | our opinion. |\n| Reasonable assura | nce is a high | level of assu | ra | nce bu | t is not a guar | antee that an au | dit conducted |\n| in accordance w | ith SAs wi | ll always d | e | tect a | material mi | sstatement wh | en it exists. |\n| Misstatements can | arise from f | raud or erro | r | and ar | e considered | material if, indi | vidually or in |\n| the aggregate, they | could reaso | nably be exp | e | cted to | influence the | economic deci | sions of users |\n| taken on the basis | of this Annu | al Standalon | e | Financ | ial Results. |  |  |", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 25, "section": "Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in %", "subsection": "Auditor's Responsibilities for the Audit of the Standalone Financial Results for the year \nended 3181 March, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "4f6c10caf40f8995", "content": "[TABLE] Company: REL | Year: FY2025 | Section: Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in % > Auditor's Responsibilities for the Audit of the Standalone Financial Results for the year \nended 3181 March, 2025 | Page: 26\n\n| Deloitt | e Haskins & | Sel | ls LLP |  |  | Chaturvedi | & Shah LLP |\n|---|---|---|---|---|---|---|---|\n| As part | of an audit | in ac | cordance | with S | As, we exercise professi | onal judgment | and maintain |\n| profess | ional skeptic | ism | throughout | the au | dit. We also: |  |  |\n| • | Identify and | ass | ess the ri | sks of | material misstatement | of the Annua | l Standalone |\n|  | Financial Re | sult | s, whether | due to | fraud or error, design a | nd perform aud | it procedures |\n|  | responsive t | o tho | se risks, an | d obta | in audit evidence that is | sufficient and a | ppropriate to |\n|  | provide a b | asis | for our op | inion. | The risk of not detect | ing a material | misstatement |\n|  | resulting fro | m fr | aud is high | er tha | n for one resulting from | error, as fraud | may involve |\n|  | collusion, fo | rger | y, intention | al omi | ssions, misrepresentatio | ns, or the overri | de of internal |\n|  | control. |  |  |  |  |  |  |\n| • | Obtain an un | ders | tanding of | interna | l control relevant to the | audit in order to | design audit |\n|  | procedures | that | are appro | priate | in the circumstances, | but not for th | e purpose of |\n|  | expressing a | n op | inion on th | e effec | tiveness of the Compan | y's internal con | trol. |\n| • | Evaluate the | ap | propriatene | ss of | accounting policies use | d and the reaso | nableness of |\n|  | accounting e | stim | ates made | by the | Board of Directors. |  |  |\n| • | Evaluate the | app | ropriatenes | s and | reasonableness of disclo | sures made by | the Board of |\n|  | Directors in | term | s of the re | quire | ments specified under R | egulations 33 a | nd 52 of the |\n|  | LODR Regu | latio | ns. |  |  |  |  |\n| • | Conclude on | the | appropriat | eness | of the Board of Directo | rs' use of the g | oing concern |\n|  | basis of acc | ount | ing and, b | ased o | n the audit evidence o | btained, wheth | er a material |\n|  | uncertainty | exist | s related to | events | or conditions that may | cast significant | doubt on the |\n|  | ability of th | e Co | mpany to c | ontinu | e as a going concern. If | we conclude t | hat a material |\n|  | uncertainty | exist | s, we are re | quired | to draw attention in our | auditor's report | to the related |\n|  | disclosures | in th | e Annual | Stand | alone Financial Results | or, if such di | sclosures are |\n|  | inadequate, | to m | odify our | opinio | n. Our conclusions are | based on the a | udit evidence |\n|  | obtained up | to t | he date of | our au | ditor's report. However | , future events | or conditions |\n|  | may cause t | he C | ompany to | cease t | o continue as a going c | oncern. |  |\n| • | Evaluate th | e ov | erall prese | ntation | , structure and content | of the Annua | l Standalone |\n|  | Financial R | esult | s, includin | g the | disclosures, and whet | her the Annua | l Standalone |\n|  | Financial R | esult | s represent | the u | nderlying transactions | and events in a | manner that |\n|  | achieves fair | pre | sentation. |  |  |  |  |\n| Materia | lity is the m | agnit | ude of mis | statem | ents in the Annual Stand | alone Financia | l Results that, |\n| individ | ually or in a | ggre | gate, make | s it pr | obable that the econom | ic decisions of | a reasonably |\n| knowle | dgeable use | r of | the Annu | al Fi | nancial Results may b | e influenced. | We consider |\n| quantita | tive materia | lity | and qualita | tive fa | ctors (i) in planning the | scope of our au | dit work and |\n| in eval | uating the | resul | ts of our | work; | and (ii) to evaluate t | he effect of a | ny identified |\n| misstat | ements in th | e An | nual Financ | ial Re | sults. |  |  |\n| We co | mmunicate w | ith | those char | ged wi | th governance regardin | g, among othe | r matters, the |\n| planned | scope and t | imin | g of the au | dit an | d significant audit findin | gs including a | ny significant |\n| deficien | cies in inter | nal f | inancial co | ntrols | that we identify during | our audit. |  |", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 26, "section": "Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in %", "subsection": "Auditor's Responsibilities for the Audit of the Standalone Financial Results for the year \nended 3181 March, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "52d4f5c4688ddec0", "content": "[TABLE] Company: REL | Year: FY2025 | Section: Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in % > Date: 25th April, 2025 | Page: 27\n\n| Deloitte Haskins | & Sells LLP |  |  |  | Chaturvedi | & Shah LLP |\n|---|---|---|---|---|---|---|\n| We also provide t | hose charged | with governance | with a | statement | that we have | complied with |\n| elevant ethical r | equirements r | egarding indepe | ndence, | and to | communicate | with them all |\n| elationships and | other matters | that may reason | ably be | thought t | o bear on our | independence, |\n| and where applica | ble, related sa | feguards. |  |  |  |  |\n| Other Matter |  |  |  |  |  |  |\n| The Statement inc | ludes the resu | lts for the quarte | r ended | 31st Mar | ch, 2025 being | the balancing |\n| igure between au | dited figures | in respect of the | full fin | ancial ye | ar and the pub | lished year to |\n| date figures up to | the third quar | ter of the curren | t financi | al year w | hich were sub | ject to limited |\n| eview by us, as | required und | er the LODR R | egulatio | ns. Our | opinion on the | Audit of the |\n| Standalone Financ | ial Results fo | r the year ended | 31st Ma | rch, 2025 | is not modifie | d in respect of |\n| his matter. |  |  |  |  |  |  |\n| For Deloitte Has | kins & Sells | LLP | For Ch | aturvedi | & Shah LLP |  |\n| Chartered Accou | ntants |  | Charter | ed Accou | ntants |  |\n| Firm's Registratio | n No. l 17366W | /W-100018 | Firm's R | egistratio | n No. 101720W | /W-100355 |\n| Abhijit A. Daml | e |  | Sandes | h Ladha |  |  |\n| Partner |  |  | Partner |  |  |  |\n| Membership No. | I 02912 |  | Membe | rship No. | 047841 |  |\n| UDIN: 25102912 | BMLCDB50 | 58 | UDIN: | 25047841 | BMIHNC412 | 1 |\n| Date: 25th April, | 2025 |  | Date: 2 | 5th April, | 2025 |  |", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 27, "section": "Earnings per equity share (Fa~e Valµe of f 10/-) (Not \nAnnualised for the. quarter) (Refer Note 5) \na) \nBasic (in~) \nb) \nDiluted {in ,) \nPaid-up Equity Share Capital (Equity Shares of face value \noft 10/- e1:1ch) \n• • • \nOther Equity excluding Revaluation Reserve \nCapital Redemption Reserve/Debenture Red~mption \nReserve \nNet Worth includin Retained Earriin s \nRatibs \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nOurren!Ratio \ne) \nLong-term debt to working capital \nn \nBae! debts to Account receivable ratio \ng) \nCurrent' liability ratio \nh) \nTotal debts to total assets \ni) \nDebtors turnover J \nj) \nInventory turnover$ \nk) \nOperating margin(%) \nI \nNet rofit mar in %", "subsection": "Date: 25th April, 2025", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "7f4ed6a3c5a24b8f", "content": "[TABLE] Company: REL | Year: FY2025 | Section: Xi;t:;:f }:mJtji •• \" \n,,11cm,~~£~~~, > ,.,, ......... ,, ..... , ........ ,,,.,_ .......... ,,,,.,,.,, ........... ,,,._. ..... ,.,,., ....... , ...... ,, ........ _.,,, ......... _ \n.. ,,,, .......... -.. ,, ... ,.,, .... -•-----------·······•···• .. ·····-···-···----·-·····---··-··\"-··-· \nRegistered Office: \n!'-.·lakc.r Chambers IV \n3rd Floor, 222, Nariman Point | Page: 28\n\n| Quarter Ended |  | Year Ended |\n|---|---|---|\n| - | 31stDec'24 |  |", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 28, "section": "Xi;t:;:f }:mJtji •• \" \n,,11cm,~~£~~~,", "subsection": ",.,, ......... ,, ..... , ........ ,,,.,_ .......... ,,,,.,,.,, ........... ,,,._. ..... ,.,,., ....... , ...... ,, ........ _.,,, ......... _ \n.. ,,,, .......... -.. ,, ... ,.,, .... -•-----------·······•···• .. ·····-···-···----·-·····---··-··\"-··-· \nRegistered Office: \n!'-.·lakc.r Chambers IV \n3rd Floor, 222, Nariman Point", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ae956b6ad1cf258a", "content": "[TABLE] Company: REL | Year: FY2025 | Section: Ratios \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nCLirreht Ratio \ne) \nLong term debt to working capital \nn \nBad de):lts to Account receivable ratio. \ng) \nCurrent liability ratio \nh) \nTotal debts to totalassets \ni) \nDebtors turnovers \nj) \nInventory turnover$ \nk) \nOperating margin(%) \n1 • \nNet Profit ma~ in % \n5Ralios for the quarter have been anmialised. | Page: 29\n\n| Partic | ulars |  |  |  |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|---|---|\n| Ratio | s |  |  |  |  |  |  |  |  |  |\n| a) | Debt Serv | ice C | overag | e Ratio |  |  |  | 3.20 | 3.41 | 1.84 |\n| b) | Interest S | ervice | Cover | age Ratio |  |  |  | 5.89 | 5.11 | 5A2 |\n| c) | Debt Equi | ty Ra | tio |  |  |  |  | 0.40 | 0.41 | 0.41 |\n| d) e) | CLirreht R Long term | atio debt | to wor | king capital |  |  |  | 1,01 6.25 | 1.09 3.47 | 1.09 3.47 |\n| n | Bad de):lts | to A | ccount | receivable r | atio. |  |  |  |  |  |\n| g) | Current lia | bility | ratio |  |  |  |  | 0.56 | 0.54 | 0.54 |\n| h) | Total debt | s to t | otalass | ets |  |  |  | 0.22 | 0.22 | 0.22 |\n| i) | Debtors tu | rnov | ers |  |  |  |  | 39.92 | 37.66 | 29.57 |\n| j) | Inventory | turno | ver$ |  |  |  |  | 6.26 | 7'63' | 7.31 |\n| k) | Operating | mar | gin(%) |  |  |  |  | 8.0 | 9.5. | 9;8 |\n| 1• | Net Profit | ma~ | in % |  |  |  |  | 6,5 | 7:1 | 7:3 |\n| Ralios | for the qua | rter h | ave be | en anmialise | d. |  |  |  |  |  |\n| ,,,, •• ,.;••·'-\" Reg | '-~\"•••··•~\"\"\"'''''''\"~''\"·• istered O | ·••·,·. .• . ., ._·,, ffice | •. ,.. ••••••••• ~•·•~··· : | .. ··• .. -- | - ,.~,-v• , ••• •··-····•···~•··,.•·•·,._·,.,.~'-.,_.,• Corporate Commun | • ,,,,,. ___ ications: | _~ _ Telephon | ~';\"'<\"·~_.,, •• ~,--~--•-,,_., ••••• _,r,- e (+91 22)35 | 5-~ 5--~ ·· 5,r. 6.,. 0 _ _ 0.... r•~· | . •••. .,.~.b |\n| Ma | ker Cham | lmsl | V |  | Maker ChanibetsIV |  | Telefax | (+9122)35 | 555185 |  |\n| 3rd | Floor, 22 | 2, Na | riman | Point | 9th Floor, Nariman P | oint | Internet | w-.:~w.ril.cor | n~ investoi•_relations(mril,con1 |  |\n| Mu | mbai 400 | 021; | India |  | Mumbai 400 021, Ind | ia | CIN | LI 711 OMH | 1973PLCO 19786 |  |", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 29, "section": "Ratios \na) \nDebt Service Coverage Ratio \nb) \nInterest Service Coverage Ratio \nc) \nDebt Equity Ratio \nd) \nCLirreht Ratio \ne) \nLong term debt to working capital \nn \nBad de):lts to Account receivable ratio. \ng) \nCurrent liability ratio \nh) \nTotal debts to totalassets \ni) \nDebtors turnovers \nj) \nInventory turnover$ \nk) \nOperating margin(%) \n1 • \nNet Profit ma~ in % \n5Ralios for the quarter have been anmialised.", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "e24170f432d330ef", "content": "[TABLE] Company: REL | Year: FY2025 | Section: • .·.· G:att) > 2. \nThe Board of Directors has recommended dividend of~ 5.5/- per fully paid up equity share of | Page: 32\n\n| The figures for the | corresponding pr | evious | periods ha | ve been reg | rouped/ reclassifie | d wherever |\n|---|---|---|---|---|---|---|\n| necessary, to mak | e them comparab | le. |  |  |  |  |\n| The figures for qua | rter ended March | 31, 20 | 25 are bala | ncing figur | es between the aud | ited figures |\n| of the full financial | year and the lim | ited re | viewed yea | r-to-date fi | gures upto the third | quarter of |\n| the financial year. |  |  |  |  |  |  |\n| The Board of Direc | tors has recomm | ended | dividend o | f~ 5.5/- per | fully paid up equity | share of |\n| ~ 10/- each for the | financial year en | ded M | arch 31, 20 | 25. This pa | yment of dividend i | s subject to |\n| approval of membe | rs of the Compa | ny at e | nsuing Ann | ual Genera | l Meeting of the Co | mpany. |\n| Total Non-Convert | ible Debentures | of the | Company | outstandin | g (before netting | off prepaid |\n| finance charges a | nd Fair Valuation | Impac | t) as on M | arch 31, 2 | 025 are ~ 30,039 c | rore out of |\n| which, Secured No | n-Convertible De | bentur | es are~ 21 | ,000 crore. |  |  |\n| The Secured Non- | Convertible Deb | entures | of the Co | mpany agg | regating ~ 21,000 c | rore as on |\n| March 31, 2025 | are secured by | way o | f first char | ge on the | Company's certai | n movable |\n| properties. The se | curity cover in re | spect | of the Sec | ured Non-C | onvertible Debent | ures of the |\n| Company as on M | arch 31, 2025 is | more t | han 1.25 ti | mes of the | principal and intere | st accrued |\n| of the said Secured | Non-Convertibl | e Debe | ntures. |  |  |  |\n| During the year | April 2024 to M | arch 2 | 025, the | Company | redeemed Listed | Unsecured |\n| Redeemable Non | -Convertible Deb | enture | s amounti | ng to ~ 1 | ,437 crore (PPD | 3), Listed |\n| Unsecured Redee | mable Non-Conve | rtible | Debentures | amounting | to~ 850 crore (PPD | 5 - Option |\n| 2) and effected p | art redemption | of ~ 1 | ,000 crore | of Listed | Secured Redeem | able Non |\n| Convertible Deben | tures (PPD 8). |  |  |  |  |  |\n|  | ---- --- . --··-- , |  |  |  |  |  |\n| ered Office: Chambers IV | Corporate Communic Maker Chambers IV | ations: | Telephone Telefax | (+91 22) 3555 (+91 22) 3555 | 5000 5185 |  |\n| oor, 222, Nariman Point | 9th Floor, Nariman Po | int | Internet | w\\n,·. ri I.com: i | n vcstor. rel at ions(ll;ri I. corn |  |\n| ai 400 021, India | rvlumbai 400 02 I, Indi | a | CJN | Ll71 IOMHl97 | 3PLC0l9786 |  |\n|  |  |  |  |  |  | Page 15 of20 |", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 32, "section": "• .·.· G:att)", "subsection": "2. \nThe Board of Directors has recommended dividend of~ 5.5/- per fully paid up equity share of", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "0f2dbe6a85ef5d91", "content": "[TABLE] Company: REL | Year: FY2025 | Section: • .·.· G:att) > Sr. \nRatios \nFormulae | Page: 33\n\n| Sr. | Ratios | Formulae |\n|---|---|---|\n| a) | Debt Servi.ce Coverage Ratio | Earnings before Interest and Tax |\n|  |  | Interest Expense+ Principal Repayments niade during the period for long term loans |\n| b) | Interest Service Coverage Ratio | Earnings before Interest and Tax Interest Expense. |\n| c) | Debt Equity Ratio | Total Debt Total Equity |\n| d) | Current· Ratio | Current Assets Current Liabilities |\n| e) | Long terrn debt to Working capital | Non,.Current Borrowings (inciudihg Current Maturities of Nori- Current Borrowings) Current Assets Less Current Liabilities (Excluding Current Maturities of Non-Current Borrowings) |\n| f) | Bad debts. to account receivable ratio | Bad Debts Average Trade Rec.eivables |\n| g) | Current liability ratio | Total Current Liabilities Total Liabilities |\n| h) | Total debts to total assets | Totai Debt Total Assets |\n| i) | Debtors turnover | Value of Sales & Services Average Trade Receivables |\n| j) | Inventory turnover | Cost of Goods Sold {Cost of Material Consumed+ Purchases + Changes in Inventory + Manufacturing Expenses) Average Inventories of Finished Goods, Stock-in-Process and Stock'-in-Trade· |\n| k) | Operating margin (%) | Earnings before Interest and Tax less Other Income Value of Sales .ac Services |\n| I) | Net profit margin (%) | Profit After Tax Value of Sales & Services |", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 33, "section": "• .·.· G:att)", "subsection": "Sr. \nRatios \nFormulae", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "f79d55b62be8ef3a", "content": "[TABLE] Company: REL | Year: FY2025 | Section: • .·.· G:att) > accordance with the 'Ind AS 33- Earnings per Share', the figures of Earnings Per Share for the | Page: 34\n\n| During the year, a) | 142,565 partl | y paid-up | equity shar | es were c | ancelled post forfeiture; | and b) |\n|---|---|---|---|---|---|---|\n| 676,61,86,449 equit | y shares wer | e allotted | to the eligib | le holders | of equity shares on the | record |\n| date (i.e., October | 28, 2024) as | bonus e | quity share | s by capit | alizing securities premi | um. In |\n| accordance with the | 'Ind AS 33- | Earnings | per Share', | the figure | s of Earnings Per Share | for the |\n| quarter/year ended | March 31, 20 | 24 have | been resta | ted to give | effect to the allotment | of the |\n| bonus shares. |  |  |  |  |  |  |\n| The Audit Committe | e has reviewe | d, and th | e Board of | Directors h | as approved the above | results |\n| and its release at th | eir respective | meetings | held on Ap | ril 25, 2025 | . The Statutory Auditors | of the |\n| Company have issu | ed audit repor | t with un | modified op | inion on th | e above results. |  |\n| ered Office: | Corporate Commu | nications: | Telephone | (+91 22) 3555 | 5000 |  |\n| Chambers IV | Maker Chambers IV |  | Telefax | (+91 22) 3555 | 5185 |  |\n| or. 222, Nariman Point | 9th Floor, Narinrnn | Point | Internet | ww\\,·.ril.com; i | nvestor.rel<itions({l/ril.com |  |\n| ai 400 021, India | Mumbai 400 021. I | ndia | CIN | L 1711 OMH I 97 | 3PLCO 19786 |  |", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 34, "section": "• .·.· G:att)", "subsection": "accordance with the 'Ind AS 33- Earnings per Share', the figures of Earnings Per Share for the", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "dcdfe992b0dd5f14", "content": "[TABLE] Company: REL | Year: FY2025 | Section: • .·.· G:att) > (i) Finance Cost \n(2,371) \n(3,613) \n(ii) Interest Income \n2,237 \n2,438 \n{iii) Other Un-allocable Income (Net of \n(&q1) \n(899) \nExpenditure) \nProfit Before Tax \n11,597 \n15,051 \n{i) CurrentTax \n(2,483) \n(3,212) \n(ii) Deferred Tax \n393 \n556 \nf \nProfit After Tax \n8,721 \n11,283 \\(i{t1ti;i;f~5}2!t2i) | Page: 35\n\n| Particulars | Quarter Ended |  |  | Year Ended |  |\n|---|---|---|---|---|---|\n|  |  | 31•1 Dec'24 | 31st Mar'24 |  | 31•1 Mar'24 |\n|  |  | 123,704 .6,348 19 333 3,623 | 133,862 6,589 16 235 18;734 |  | 507,913 24,523 74 1,916 41,120 |\n|  |  | 134,227 94 | 159,436 130 |  |  |\n|  |  | 134,133 5;873 | 159,306 8,292. |  |  |\n|  |  | 128 260 | 151 014 |  |  |\n|  |  |  | 13,876 5;737 6 98 2,212. |  |  |\n|  |  | 16,761 8;109 4,176 1 40 256 | 21,929 12;089 4,222 3 5 806 |  |  |\n|  |  |  | 17,125 (3,613) 2,438 (899) |  |  |\n|  |  |  | 15,051 (3,212) 556 |  |  |", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 35, "section": "• .·.· G:att)", "subsection": "(i) Finance Cost \n(2,371) \n(3,613) \n(ii) Interest Income \n2,237 \n2,438 \n{iii) Other Un-allocable Income (Net of \n(&q1) \n(899) \nExpenditure) \nProfit Before Tax \n11,597 \n15,051 \n{i) CurrentTax \n(2,483) \n(3,212) \n(ii) Deferred Tax \n393 \n556 \nf \nProfit After Tax \n8,721 \n11,283 \\(i{t1ti;i;f~5}2!t2i)", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "8c8498e5a717c525", "content": "[TABLE] Company: REL | Year: FY2025 | Section: • .·.· G:att) > (i) Finance Cost \n(2,371) \n(3,613) \n(ii) Interest Income \n2,237 \n2,438 \n{iii) Other Un-allocable Income (Net of \n(&q1) \n(899) \nExpenditure) \nProfit Before Tax \n11,597 \n15,051 \n{i) CurrentTax \n(2,483) \n(3,212) \n(ii) Deferred Tax \n393 \n556 \nf \nProfit After Tax \n8,721 \n11,283 \\(i{t1ti;i;f~5}2!t2i) | Page: 36\n\n| No. 4 S | egment Asset | s |  | 31s1oec'24 31• | 1 Mar'24 31• | 1 Mar'24 |\n|---|---|---|---|---|---|---|\n| - | Oil to Chemi | cals (02C) |  | 332,806 | 331,147 | 331,147 |\n| - | Oil and Gas |  |  | 37,681 | 39,761 | 39,761 |\n| - | Retail |  |  | 20,500 | 20,529 | 20,529 |\n| - | Dig ital Servic | es |  | 66,059 | 66,155 | 66,155 |\n| • | Others |  |  | 206,270 | 170,626 | 170,626 |\n| - | Unallocated |  |  | 332,804 | 331,425 | 331,425 |\n| To | tal Segment | Assets |  | 996,120 | 959,643 | 959,643 |\n| 5 S | egmentUabil | ities |  |  |  |  |\n| - | Oil to Chemi | cals (02C) |  | 100,255 | 87,477 | 87,477 |\n| - | Oil and Gas |  |  | 7,616 | 11,136 | 11,136 |\n| - | Retail |  |  | 5 | 7 | 7 |\n| - | Digital Servic | es |  | 137 | 261 , ................ ·,·••·•·•··• | 261 |\n| - | Others |  |  | 17,593 | 23,542 | 23,542 |\n| - | Unallocated |  |  | 870,514 | 837,220 | 837,220 |\n| To | tal Segment | Liabilities |  | 996,120 | 959,643 | 959,643 |\n| Regist | ered Office: |  | Cor()orate Communications: Telep | hone (+91 22) | 3555 5000 |  |\n| Makcr. 3rd Flo | Clrnmbcrs IV or_ 222, Nari | man Point | Maker Chambers IV Telefa | x (+9122) w,,·.riLc | 35555185 om; invcslor.rcla(ions(<i)ri I. corn |  |\n| Mumba | i 400 021, In | dia | 9th Floor, Nariman Point Intcrn Mumbai 400 021. India CIN | el \\1 Ll71 lOiv | lH1973PLCOl9786 |  |", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 36, "section": "• .·.· G:att)", "subsection": "(i) Finance Cost \n(2,371) \n(3,613) \n(ii) Interest Income \n2,237 \n2,438 \n{iii) Other Un-allocable Income (Net of \n(&q1) \n(899) \nExpenditure) \nProfit Before Tax \n11,597 \n15,051 \n{i) CurrentTax \n(2,483) \n(3,212) \n(ii) Deferred Tax \n393 \n556 \nf \nProfit After Tax \n8,721 \n11,283 \\(i{t1ti;i;f~5}2!t2i)", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "f7ed015129d70fc8", "content": "[TABLE] Company: REL | Year: FY2025 | Section: • .·.· G:att) > expense are considered under Unallocated. | Page: 37\n\n| Notes t | o Segment In | formation ( | Standalone) fo | r the Quart | er and Year En | ded 31st Mar | ch, 2025 |\n|---|---|---|---|---|---|---|---|\n| As per I | ndian Accoun | ting Standa | rd 108 'Operatin | g Segment | s', the Compan | y has reported | 'Segment |\n| Informat | ion', as descr | ibed below: |  |  |  |  |  |\n| a) | The Oil to | Chemicals | segment include | s refining, | petrochemicals | , aviation fue | l and bulk |\n|  | wholesale m | arketing. It i | ncludes breadth | of portfolio | spanning transp | ortation fuels, | polymers, |\n|  | polyesters an | d elastomer | s. The deep and | unique int | egration of O2C | business inclu | des world |\n|  | class assets | comprising | Refinery Off-Ga | s Cracker, | Aromatics, Multi | -feed and Ga | s Crackers |\n|  | along with do | wnstream m | anufacturing fac | ilities, logis | tics and supply- | chain infrastr | ucture. |\n| b) | The Oil and | Gas segm | ent includes exp | loration, de | velopment, pro | duction of cru | de oil and |\n|  | natural gas. |  |  |  |  |  |  |\n| c) | The Retail s | egment incl | udes consumer r | etail & its r | ange of related | services and | investment |\n|  | in retail busin | ess. |  |  |  |  |  |\n| d) | The Digital S | ervices seg | ment includes p | rovision of | a range of digital | services and | investment |\n|  | in digital busi | ness. |  |  |  |  |  |\n| e) | All other bus | iness segm | ents which are n | ot separate | ly reportable h | ave been grou | ped under |\n|  | the Others s | egment. |  |  |  |  |  |\n| f) | Other invest | ments/ asse | ts/ liabilities, lon | g-term res | ources raised by | the Company | , business |\n|  | trade financin | g liabilities | managed by the | centralise | d treasury functi | on and relate | d income/ |\n|  | expense are | considered | under Unallocat | ed. |  |  |  |\n| Mukesh | D Am ni |  |  |  |  |  |  |\n| Chairma | n & Managing | Director |  |  |  |  |  |\n| April 25, | 2025 |  |  |  |  |  |  |\n| Register | ed Office: | Corporat | e Communications: | Telephone | (+91 22) 3555 5000 |  |  |\n| Maker C | hambers IV | Maker Ch | ambers JV | Telefax | (+91 22) 3555 5185 |  |  |\n| 3rd Floor | . 222, Nari111an Poi | nt 9th Floor, | Nari111an Point | Internet | \\\\ w\\\\·.ri I.com; in vcstor | . rel at ions@ri I. com |  |\n| Mumbai | 400 021. India | Mumbai 4 | 00 021. India | CIN | L171 I0MHl973PLC01 | 9786 |  |\n|  |  |  |  |  |  |  | Page 20 of20 |", "company": "REL", "ticker": "RELIANCE", "source_file": "REL.pdf", "fiscal_year": "FY2025", "page_number": 37, "section": "• .·.· G:att)", "subsection": "expense are considered under Unallocated.", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "bd51bbe1525242b9", "content": "The Listing Department, BSE Limited, Phiroje Jeejeebhoy Towers, 25th Floor, Dalal Street, Mumbai – 400001 The Listing Department, National Stock Exchange of India Limited, Exchange Plaza, 5th Floor, ‘G’ Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051 BSE SCRIP Code: 500112 NSE SCRIP Code: SBIN CC/S&B/AND/2025-26/575                                                                                    04.11.2025 Madam / Sir, Outcome of Board Meeting held on 04.11.2025 We refer to our letter no. CC/S&B/AND/2025-26/534 dated 18.10.2025 intimating the meeting of the Central Board of the Bank to consider financial results for the quarter ended 30.09.2025. 2. In terms of Regulation 33, Regulation 52, and other applicable provisions of SEBI (LODR) Regulations, 2015, we submit the unaudited Standalone and Consolidated financial results of the Bank along with the Limited Review Report for the quarter and half year ended 30.09.2025. The Limited Review Report of the Statutory Central Auditors contains unmodified opinion. 3. The Statement of Deviation or Variations under Regulation 32 and Regulation 52(7)/ 52 (7A) of SEBI (LODR) Regulations, 2015 is enclosed. 4. The Central Board Meeting commenced at 10.00 am and the aforesaid agenda was concluded at 01.20 pm. Yours faithfully, (Aruna N. Dak) DGM (Compliance & Company Secretary)", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 1, "section": "Introduction", "subsection": "The Listing Department, \nNational Stock Exchange of India Limited,  \nExchange Plaza, 5th Floor, ‘G’ Block,  \nBandra Kurla Complex, Bandra (East),  \nMumbai – 400051  \nBSE SCRIP Code: 500112 \nNSE SCRIP Code: SBIN \n \nCC/S&B/AND/2025-26/575                                                                                    04.11.2025  \n  \nMadam / Sir, \n \nOutcome of Board Meeting held on 04.11.2025 \n \nWe refer to our letter no. CC/S&B/AND/2025-26/534 dated 18.10.2025 intimating the \nmeeting of the Central Board of the Bank to consider financial results for the quarter \nended 30.09.2025. \n \n2. In terms of Regulation 33, Regulation 52, and other applicable provisions of SEBI \n(LODR) Regulations, 2015, we submit the unaudited Standalone and Consolidated \nfinancial results of the Bank along with the Limited Review Report for the quarter and \nhalf year ended 30.09.2025. The Limited Review Report of the Statutory Central \nAuditors contains unmodified opinion. \n \n3. The Statement of Deviation or Variations under Regulation 32 and Regulation 52(7)/ \n52 (7A) of SEBI (LODR) Regulations, 2015 is enclosed. \n \n4. The Central Board Meeting commenced at 10.00 am and the aforesaid agenda was \nconcluded at 01.20 pm.  \n \nYours faithfully, \n \n \n \n(Aruna N. Dak) \nDGM (Compliance & Company Secretary)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3fbacfa68bdb0111"}, {"chunk_id": "a2a187e49f09534b", "content": "Digitally signed by ARUNA N DAK Date: 2025.11.04 13:24:31 +05'30' CORPORATE CENTRE, MUMBAI .4OO 021 UNAUDITEO FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENOED SEPTEMBER 30, 2025 The b.nt6 b eEry;2tf, Standalone Consolidated Year ended Quaner ended 30.09.2025 lUnaudlledl 30.06.2025 lUn.udltedl 30.09.202la lUneudltedl 30.0s.2025 lLJnaudhedl 30.09.202i1 lUnaudlledl 3 t.03.2025 lAudlhdl 30.09.2025 llJnaudtredl 30 05 2025 lUneudh.dl 30.09.2024 lUn.udltdl 30.09 2025 lUnrudhdl 30.09 202it Itlnrudlt.dl 31 03.2025 {Audhedl ,| 1.19.653.93 't.r 7.995.88 1.13.870.56 2,37,649.81 2,25,396.54 4,62,489.35 1,28,o/rc.50 1,25,728.68 t,2t,044.68 53,759.'18 247.13 4,90,937 79 (a) lnt€resU dlacounl on advancea, bllls 86 182 58 a5 437 92 42049 2a 17',t 620 50 1 61 290 51 3 30 626 97 88,993 64 88,146 02 u,6/.210 1,77,1 39 66 '1,66,362 97 3,40,976 70 (b) 28.278 73 27.749 20 28.023 64 56.027 93 6.288 87 1 15 031 34 33 267 79 32225 54 32 194 52 1,31 ,'143 83 (c) 1,692 78 1,848 33 980 89 3,54'1 11 2,c/.302 4.4't601 2.194 77 2,359 89 1,380 99 4,558 66 2,740 7A 6,237 60 td) OlheE 3,499 84 2.960 43 2.776 75 6.460 27 5.77414 12.4',t5 03 3,580 30 2997 23 2 423 07 12,57966 Other lncome 15.325.54 17.345.68 15,270.55 32,67',t.22 26,432.42 61.583.06 47.457.29 41.263.14 42.757.70 1.72.LOs.53 1,34.979.47 1.35.341.56 1,29.141.11 2.70.321.O3 2.51.828.96 5.24.172.41 1.75.897.79 't.56.991 82 1.63.802.38 3., .889.61 3.15.927_n3 6,63,343.32 76,669.87 76,923.39 72,251.O2 1.53.593.26 1.42,651.55 7a,oo2-37 78.266.46 73.618.76 t. 1./ 3,00,943.33 30,998.58 27,873.70 27,596.35 58,872.38 53,435.0( 1.18.069.02 65,778.45 54,232.70 57,123.47 't. 1. 6 577 53 5 a,65 )2 a9 120 43 76 640 30 Emplot@G co3l 16 605 95 16 899 52 14 AO7 35 33 505 47 30 273 32 64,352 24 18,346'r8", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 2, "section": "ARUNA N \nDAK", "subsection": "The Listing Department, \nNational Stock Exchange of India Limited,  \nExchange Plaza, 5th Floor, ‘G’ Block,  \nBandra Kurla Complex, Bandra (East),  \nMumbai – 400051  \nBSE SCRIP Code: 500112 \nNSE SCRIP Code: SBIN \n \nCC/S&B/AND/2025-26/575                                                                                    04.11.2025  \n  \nMadam / Sir, \n \nOutcome of Board Meeting held on 04.11.2025 \n \nWe refer to our letter no. CC/S&B/AND/2025-26/534 dated 18.10.2025 intimating the \nmeeting of the Central Board of the Bank to consider financial results for the quarter \nended 30.09.2025. \n \n2. In terms of Regulation 33, Regulation 52, and other applicable provisions of SEBI \n(LODR) Regulations, 2015, we submit the unaudited Standalone and Consolidated \nfinancial results of the Bank along with the Limited Review Report for the quarter and \nhalf year ended 30.09.2025. The Limited Review Report of the Statutory Central \nAuditors contains unmodified opinion. \n \n3. The Statement of Deviation or Variations under Regulation 32 and Regulation 52(7)/ \n52 (7A) of SEBI (LODR) Regulations, 2015 is enclosed. \n \n4. The Central Board Meeting commenced at 10.00 am and the aforesaid agenda was \nconcluded at 01.20 pm.  \n \nYours faithfully, \n \n \n \n(Aruna N. Dak) \nDGM (Compliance & Company Secretary)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "41e30905b4639001"}, {"chunk_id": "a6a7f203b4767fbb", "content": "t. 1./ 3,00,943.33 30,998.58 27,873.70 27,596.35 58,872.38 53,435.0( 1.18.069.02 65,778.45 54,232.70 57,123.47 't. 1. 6 577 53 5 a,65 )2 a9 120 43 76 640 30 Emplot@G co3l 16 605 95 16 899 52 14 AO7 35 33 505 47 30 273 32 64,352 24 18,346'r8 1 8,490 57 '16,293 33 140 6, 70,395 70 (b) Orentlno erDenses Elatinc lo lnsuGnce Buslness 30 401 2A 22 479 23 25/90 43 52,880 51 45,635 36 1,03,654 29 (cl Other operalinq expenses 14.39273 10 974 18 12 789 00 25 366 91 2316'177 537167A 17 030 99 13 262 90 15 339 71 30,293 89 27.936 35 62,523 53 1.07.568.55 't.04.797.09 99.A47-37 2.12.465.64 1.96.086.64 4.13.593.24 1.43.74O.A2 1,32,/t99.16 1,30,742.23 2,76,279.9t 2 031.89 5.37.5't6.85 27 -310-92 30.544.47 25.293.74 57.855.39 55_742.32 1.10.57917 32,116.57 34,492.66 33,060,15 63 '1,25.A26 47 5,400 12 4.1323/. 4,759 20 4.9UU 4,505 73 3,631 01 10,'159 32 9,066 38 7,955 15 8.149 08 ,ERATING PROFII lbetore provrsaons and contlnqencresl l3l{61 ,1 18068 19,461 17 18,505 51 ,tionel hems 4.59322 4 59322 26.504.02 25.745.27 24.744.O1 52.289.29 47.747.17 95.271.27 28.656.64 29 229 12 27,474.31 57,885.76 53,902.08 '1.06.365.30 6 344 35 6 624 83 5 456 57 12 969 18 12 420 57 24,370 64 7,'t52 15 7,602 48 7,254 69 14 .001 66 27.344 14 back) 11 'tA' )O 3 0?6 57 a 0)6 57 '15,307 90 't4 418 33 6,486 90 5 150 78 5,263 54 599',t 42 5,565 A4 4 691 00 ,150 44 PROFIT' ILOSSI FROM ORDINARY ACIIVITIES AFTER TAX IlOI{11I 33 900-42 lax 20,1 59.67 't 9,'t 60.44 18,331.44 39,320. 1 1 35,366.60 70,900.63 21,504.49 21,626.64 20,219.62 79,017.16 20,1 59.67 19,160.44 18,331.44 39,320.1 I 35,366.60 70,900.63 21,504.49 356 10 21,526.64 494 74 20,215.62 7r5 41 79,017.16 1 505 47 723 26 919 91 78227 2 129 20,1 59.67 I I,t 60.44 18.331.44 39,320.1 I", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 2, "section": "ARUNA N \nDAK", "subsection": "The Listing Department, \nNational Stock Exchange of India Limited,  \nExchange Plaza, 5th Floor, ‘G’ Block,  \nBandra Kurla Complex, Bandra (East),  \nMumbai – 400051  \nBSE SCRIP Code: 500112 \nNSE SCRIP Code: SBIN \n \nCC/S&B/AND/2025-26/575                                                                                    04.11.2025  \n  \nMadam / Sir, \n \nOutcome of Board Meeting held on 04.11.2025 \n \nWe refer to our letter no. CC/S&B/AND/2025-26/534 dated 18.10.2025 intimating the \nmeeting of the Central Board of the Bank to consider financial results for the quarter \nended 30.09.2025. \n \n2. In terms of Regulation 33, Regulation 52, and other applicable provisions of SEBI \n(LODR) Regulations, 2015, we submit the unaudited Standalone and Consolidated \nfinancial results of the Bank along with the Limited Review Report for the quarter and \nhalf year ended 30.09.2025. The Limited Review Report of the Statutory Central \nAuditors contains unmodified opinion. \n \n3. The Statement of Deviation or Variations under Regulation 32 and Regulation 52(7)/ \n52 (7A) of SEBI (LODR) Regulations, 2015 is enclosed. \n \n4. The Central Board Meeting commenced at 10.00 am and the aforesaid agenda was \nconcluded at 01.20 pm.  \n \nYours faithfully, \n \n \n \n(Aruna N. Dak) \nDGM (Compliance & Company Secretary)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "41e30905b4639001"}, {"chunk_id": "17daa94c67dadc6b", "content": "1 1 35,366.60 70,900.63 21,504.49 21,626.64 20,219.62 79,017.16 20,1 59.67 19,160.44 18,331.44 39,320.1 I 35,366.60 70,900.63 21,504.49 356 10 21,526.64 494 74 20,215.62 7r5 41 79,017.16 1 505 47 723 26 919 91 78227 2 129 20,1 59.67 I I,t 60.44 18.331.44 39,320.1 I 35.366.60 70.900.63 21,137.33 21,201.47 19.742.76 77.561.34 18 l9 20 43 131 13 39-9(xl-az Share in p.olil o, associales 450 a4 754 97 Minority lnteresl 1 643',17 1 551 67 42 334 aO a9 1')7 72 9?3 06 892 46 923 06 892 46 492 46 923 06 492 46 492 46 923 06 892 46 892 46 892 46 rcserues 4,12,914 04 4.58 788 68 qnalvtical ratros 55 O3o/A 56 55 03% 5692% 56 92, 55 03% 56 92' 56 55 03./. 56 920k s92% 56920h (iil ratio CET I ratlo 14 62.k 14 630/o 1376% 14 620/. 13 7604 1425% 10.81% 1 2OYo 1 35o/o 1 37% 1 20% 1 370/a '1 300/. ( E mlng. por.hEE (EPS) (() 1e; easf enO OttmO eeS Oeloe exfno@ (QuartsrlH.lr-Yer numb.E nol annualled) lb) Baslc and dlluted EPS after Extraordinary ltems (n€t ot tax expense) (Qu.rtsrrH.lf-Year numboE not annuallsod) 76,2430/. 78,039 68 83,369 23 76,24304 83,369 23 76,880 20 (bl Amo!nt of net non-performing assets 1845992 19 908 42 20 294 32 18 459 92 20,294 32 1 9,666 92 1 73% 1 A3vo 213o/o 1 73% 2',t3./\" 1 420/a dl % of net NPAS o 42% o 470/0 o 53.k O 42'/o 0 53, o 47' 1 17.h 1't4% 1 17'/r 1 1504 'l 130/. 1 1004 (vl) Net worth 4 53 279 30 4 08 108 34 3 66 225 38 4,53,279 30 3,66,225 38 3,89,071 49 (vll) odsbndlnq redeemable prelerence shares CeDihl edempllon rcserue Oebt- equliy ratlo' 060 065 069 060 069 068 8 590/6 7 949/. 8 810/. a 59% a 8,10/\" a 44./\" 'Oebt opEaontc borcwlnea (lncluding RopoE) wnh Erldu.l m.tu.lty ot moe lh.n one tE.r.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 2, "section": "ARUNA N \nDAK", "subsection": "The Listing Department, \nNational Stock Exchange of India Limited,  \nExchange Plaza, 5th Floor, ‘G’ Block,  \nBandra Kurla Complex, Bandra (East),  \nMumbai – 400051  \nBSE SCRIP Code: 500112 \nNSE SCRIP Code: SBIN \n \nCC/S&B/AND/2025-26/575                                                                                    04.11.2025  \n  \nMadam / Sir, \n \nOutcome of Board Meeting held on 04.11.2025 \n \nWe refer to our letter no. CC/S&B/AND/2025-26/534 dated 18.10.2025 intimating the \nmeeting of the Central Board of the Bank to consider financial results for the quarter \nended 30.09.2025. \n \n2. In terms of Regulation 33, Regulation 52, and other applicable provisions of SEBI \n(LODR) Regulations, 2015, we submit the unaudited Standalone and Consolidated \nfinancial results of the Bank along with the Limited Review Report for the quarter and \nhalf year ended 30.09.2025. The Limited Review Report of the Statutory Central \nAuditors contains unmodified opinion. \n \n3. The Statement of Deviation or Variations under Regulation 32 and Regulation 52(7)/ \n52 (7A) of SEBI (LODR) Regulations, 2015 is enclosed. \n \n4. The Central Board Meeting commenced at 10.00 am and the aforesaid agenda was \nconcluded at 01.20 pm.  \n \nYours faithfully, \n \n \n \n(Aruna N. Dak) \nDGM (Compliance & Company Secretary)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "41e30905b4639001"}, {"chunk_id": "344fddf8cd46b20e", "content": "-Total dob|tt ropE*trtt lolrl boEowlng! ot the Brnl. V VL CORPORATE CENTRE, MUMBAI - 4OO O21 me banbr lo evety i 4 UNAUDITED SEGMENTWSE REVENUE, RESULTS, ASSETS & LIABILITIES 30.09 2025 lUnauditedl 30 06 2025 lUnaudilcdl 30.09.2024 lUn.udttedl 30.09.2025 lUnaudltedl Standalone Consolidated 30 09.2024 lUnaudiledl 31 03.2025 lAudltedl JO 09.2025 lUnEudllcdl 30 06 2025 lUnaudltedl 30.09.2024 lUnaudit€dl 30.09.2025 (Unaudhed) 30.09 2024 rcasury operations 33 053 88 36,729 0A 34,039 09 69,792 65,613 85 't,35,243 41 33,601 20 36,1 19 31 33,446 27 69,720 5'l 65.447 13 't.34.627 51 b 36 941 71 35 512 66 36 905 89 72 454 37 71 39974 1 46 570 05 37,52290 36,08'l 01 37,5'18 61 73,603 91 72,655 46 1,48,999 81 c Rehll Banklng oPe6tlonE (l)+lll) 64,561 88 62.860 08 58 '196 13 1.27 .42',1 S 1.14.601 30 2 40 586 98 64 885 08 63 175 09 58 463 25 12806,017 1,15,127 78 2,41,674 37 (i) Dlgltal Banklng 1,097 98 1,18963 1,38262 2,287 61 2,821 79 5.397 72 1 126 12 1.217 4A 1 407 20 2 343 60 2 470 50 5 501 97 (il) CIher Retall Banking 53 463 90 61,670 45 56,813 51 '1,25,'t3r' 35 1,11,779 51 2,35,189 26 63,758 96 61,957 61 57,056 05 't ,25,7',t6 57 1.12.257 28 2.5.172 40 d 33,309 29 25,060 25 28,1 58 68 58,369 54 50,599 54 1,14,14261 e other Banklno orEtion5 I 702 81 8 448 93 8 068 82 17 15',t 74 15,34672 31,108 69 I Unallocated 41200 239 74 651 74 214 07 1.771 97 421 53 251 24 11 1'l 67277 235 63 1 81545 1.34.979.47 1.35.341.56 1,25,141.11 2.70.321.O3 2.51.828.96 5.24,172.41 1.70.U2.81 1.69.1 35.83 1.65.666.74 3.47.578 64 3-19-412-26 2.545 02 2 144 01 1 864 36 4 689 03 3 444 A3 I O25 12 't.34.979.47 1.35.341.56 1.29.141.11 2.70.321.03 2.51.828.96 5.24.',tl2.41 1.75.897.79 1.66.991.82 1.63.802.38 3.42.889.61 1_15.927.43 6,63,343.32 segment Results a 4,011 77 8,082 91", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 3, "section": "-Total dob|tt ropE*trtt lolrl boEowlng! ot the Brnl.\nV\nVL", "subsection": "The Listing Department, \nNational Stock Exchange of India Limited,  \nExchange Plaza, 5th Floor, ‘G’ Block,  \nBandra Kurla Complex, Bandra (East),  \nMumbai – 400051  \nBSE SCRIP Code: 500112 \nNSE SCRIP Code: SBIN \n \nCC/S&B/AND/2025-26/575                                                                                    04.11.2025  \n  \nMadam / Sir, \n \nOutcome of Board Meeting held on 04.11.2025 \n \nWe refer to our letter no. CC/S&B/AND/2025-26/534 dated 18.10.2025 intimating the \nmeeting of the Central Board of the Bank to consider financial results for the quarter \nended 30.09.2025. \n \n2. In terms of Regulation 33, Regulation 52, and other applicable provisions of SEBI \n(LODR) Regulations, 2015, we submit the unaudited Standalone and Consolidated \nfinancial results of the Bank along with the Limited Review Report for the quarter and \nhalf year ended 30.09.2025. The Limited Review Report of the Statutory Central \nAuditors contains unmodified opinion. \n \n3. The Statement of Deviation or Variations under Regulation 32 and Regulation 52(7)/ \n52 (7A) of SEBI (LODR) Regulations, 2015 is enclosed. \n \n4. The Central Board Meeting commenced at 10.00 am and the aforesaid agenda was \nconcluded at 01.20 pm.  \n \nYours faithfully, \n \n \n \n(Aruna N. Dak) \nDGM (Compliance & Company Secretary)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5fc26a35e7ce33a7"}, {"chunk_id": "029df7a566150b62", "content": "3.47.578 64 3-19-412-26 2.545 02 2 144 01 1 864 36 4 689 03 3 444 A3 I O25 12 't.34.979.47 1.35.341.56 1.29.141.11 2.70.321.03 2.51.828.96 5.24.',tl2.41 1.75.897.79 1.66.991.82 1.63.802.38 3.42.889.61 1_15.927.43 6,63,343.32 segment Results a 4,011 77 8,082 91 5,371 97 '12,094 68 7,850 92 1 7,585 43 4,336 03 7.280 83 4.586 35 '1 'l 616 86 7.331 58 16 236 59 778/44 5146'16 28,719 01 7,800 70 5,40/.26 6,616 01 1 3,204 96 b c 12467 43 15 477 24 15 755 26 2A 344 67 32 230 40 58 867 20 '12 952 34 15 931 46 '15,809 34 28,883 80 32,37A 7A 59,16'1 12 (i) Oigihl Banking 3,71292 4.6323/. 3.828 01 8.345 26 7,366 40 15 590 35 3734 21 4 637 2A 3 848 75 I 371 49 7 409 60 15,663 22 Other ReEil Banking 9,154 51 10,844 90 11,927 25 19,999 41 24,464 00 43.276 A5 9.218 13 1',t.294 18 1 1,960 59 20 51231 24 969 18 43 497 90 6 505 44 1) gao 64 1) a7r) d 823 89 896 19 899 38 1 ,720 0A 1.73378 3.369 87 e Olher Banklng operalions 2 440 77 2 605 85 2,378 34 5,046 62 4.497 99 8,376 83 I Unallocated - 2.752 AA 2.921 04 -2.8/,466 - 5.673 92 - 5.'157 85 -990037 -27236€, -244947 2 415 1'l - 5 6'13 13 -509931 I 748 20 Sub Tobl 21,9t0.80 25,785.27 24,744.O1 47,696.07 17,787.17 95,271.27 25,630.07 29,229.12 27,474.31 54.859.1 9 53.902.08 Add: Excepllonal llem6 4,59322 4.593 22 3 026 57 3,026 57 Profiu Losr) trom Ordinary Adlvhler betore Tar 26.504.O2 25.785.27 24.7A8.O1 52.2A9.29 17 -7A7 -17 95.271.27 28 656_6tl 29.229.12 27,174.31 57,885.76 53,902.08 1.06,365.30 6.344 35 6 624 A3 6 456 57 '12 969 18 12 420 57 24 370 64 7 152 15 7,602 48 7,254 69 14,754 63 '14,001 66 2t,34414 I Less: Tax expense , (caedill Net Pronu (Lo33) b€toE sharc ln Prolh of.Esoclates and mlnorlty lnteF3t 20, t59.67 19,160.44 18,331.44 39,320.1'l 35,366.60", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 3, "section": "-Total dob|tt ropE*trtt lolrl boEowlng! ot the Brnl.\nV\nVL", "subsection": "The Listing Department, \nNational Stock Exchange of India Limited,  \nExchange Plaza, 5th Floor, ‘G’ Block,  \nBandra Kurla Complex, Bandra (East),  \nMumbai – 400051  \nBSE SCRIP Code: 500112 \nNSE SCRIP Code: SBIN \n \nCC/S&B/AND/2025-26/575                                                                                    04.11.2025  \n  \nMadam / Sir, \n \nOutcome of Board Meeting held on 04.11.2025 \n \nWe refer to our letter no. CC/S&B/AND/2025-26/534 dated 18.10.2025 intimating the \nmeeting of the Central Board of the Bank to consider financial results for the quarter \nended 30.09.2025. \n \n2. In terms of Regulation 33, Regulation 52, and other applicable provisions of SEBI \n(LODR) Regulations, 2015, we submit the unaudited Standalone and Consolidated \nfinancial results of the Bank along with the Limited Review Report for the quarter and \nhalf year ended 30.09.2025. The Limited Review Report of the Statutory Central \nAuditors contains unmodified opinion. \n \n3. The Statement of Deviation or Variations under Regulation 32 and Regulation 52(7)/ \n52 (7A) of SEBI (LODR) Regulations, 2015 is enclosed. \n \n4. The Central Board Meeting commenced at 10.00 am and the aforesaid agenda was \nconcluded at 01.20 pm.  \n \nYours faithfully, \n \n \n \n(Aruna N. Dak) \nDGM (Compliance & Company Secretary)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5fc26a35e7ce33a7"}, {"chunk_id": "3f0712a25be18e7e", "content": "24 370 64 7 152 15 7,602 48 7,254 69 14,754 63 '14,001 66 2t,34414 I Less: Tax expense , (caedill Net Pronu (Lo33) b€toE sharc ln Prolh of.Esoclates and mlnorlty lnteF3t 20, t59.67 19,160.44 18,331.44 39,320.1'l 35,366.60 70,900.63 21,504.49 21,626.64 20,219.62 43,131.13 39,900.42 79,01 7.1 5 asS0clates 356'10 494 74 3/.541 850 84 75497 1.505 47 Less: Mlnorhy lnteresl 723 26 919 9'1 742 27 1,643 17 1,551 67 2,s6129 20.1 59.67 19.160.44 18.331.44 39.320.11 35.366.60 70.900.63 21.137-33 21-201-47 19.782.76 42,338.80 39,107.72 77,561.U a TEasury opeEllons 14,47,91612 17,42,410 20 't7.b.543',t7 18,47,916't2 't7.26.54317 17.U.577 65 18.56 384 37 '17 .93.121 21 19,15,473 55 17,98,087 16 19,97,550 46 17,98,087 16 1 9,35,573 66 20,26,267 47 19,42,797 63 b c 30 88 754 93 28,77,718 AO 30,95,508 78 29,98,494 79 27,47,771 41 30,95,508 78 27,47,77',1 41 24,43,472 9A (U Dlgltal Banking 62.689 1 3 53.947 58 47.090 1 I 62.689 13 47 090 19 85 400 65 63 881 44 55 084 02 A8 141 29 63,881 44 48,141 29 86,505 30 lii) Other Retall Banking 30,26,065 80 29,38,576 63 26,93,39273 30,26,06s 80 26.93.392 73 27.92.318 15 29.43 410 77 d 5.13,737 U 5,09.964 59 4.69.678 27 5.13.737 34 4 69 678 27 4 79 213 95 e Other B.nklnO operations 1,27,434 92 1,21,155 37 1,12,276 33 1.27,43/'92 1,12.276 33 't,17 .702 33 I unallocaled 53247 21 78 096 82 76 346 09 53 247 21 76 345 09 78,183 16 54,066 73 78,757 U 76,7 57 54.066 73 76,7 57 78691 62 Total 69.87.458.72 67.68.504.78 63.41.459.3/t 69-87.468-72 63,41,459.34 66,76,053.27 76,73,399.6'l 74,44,291.43 69,63.335.36 76.73.399.61 69,63.J35.36 a 16,94.336 84 16.72.781 07 15 91 448 96 15 77 129 76 16 44 394 67 1 5,67,355 01", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 3, "section": "-Total dob|tt ropE*trtt lolrl boEowlng! ot the Brnl.\nV\nVL", "subsection": "The Listing Department, \nNational Stock Exchange of India Limited,  \nExchange Plaza, 5th Floor, ‘G’ Block,  \nBandra Kurla Complex, Bandra (East),  \nMumbai – 400051  \nBSE SCRIP Code: 500112 \nNSE SCRIP Code: SBIN \n \nCC/S&B/AND/2025-26/575                                                                                    04.11.2025  \n  \nMadam / Sir, \n \nOutcome of Board Meeting held on 04.11.2025 \n \nWe refer to our letter no. CC/S&B/AND/2025-26/534 dated 18.10.2025 intimating the \nmeeting of the Central Board of the Bank to consider financial results for the quarter \nended 30.09.2025. \n \n2. In terms of Regulation 33, Regulation 52, and other applicable provisions of SEBI \n(LODR) Regulations, 2015, we submit the unaudited Standalone and Consolidated \nfinancial results of the Bank along with the Limited Review Report for the quarter and \nhalf year ended 30.09.2025. The Limited Review Report of the Statutory Central \nAuditors contains unmodified opinion. \n \n3. The Statement of Deviation or Variations under Regulation 32 and Regulation 52(7)/ \n52 (7A) of SEBI (LODR) Regulations, 2015 is enclosed. \n \n4. The Central Board Meeting commenced at 10.00 am and the aforesaid agenda was \nconcluded at 01.20 pm.  \n \nYours faithfully, \n \n \n \n(Aruna N. Dak) \nDGM (Compliance & Company Secretary)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5fc26a35e7ce33a7"}, {"chunk_id": "9a9a0e030f6f9bcf", "content": "67.68.504.78 63.41.459.3/t 69-87.468-72 63,41,459.34 66,76,053.27 76,73,399.6'l 74,44,291.43 69,63.335.36 76.73.399.61 69,63.J35.36 a 16,94.336 84 16.72.781 07 15 91 448 96 15 77 129 76 16 44 394 67 1 5,67,355 01 16,64,886 73 1 5,67,355 01 15,50,224 97 b Corporate/ Wholesale Banking operations '18,09,051 59 17,32,227 49 16,63,140 50 1 8,09,051 59 16,63,140 50 17 .53.U2 31 '17,86,889 78", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 3, "section": "-Total dob|tt ropE*trtt lolrl boEowlng! ot the Brnl.\nV\nVL", "subsection": "The Listing Department, \nNational Stock Exchange of India Limited,  \nExchange Plaza, 5th Floor, ‘G’ Block,  \nBandra Kurla Complex, Bandra (East),  \nMumbai – 400051  \nBSE SCRIP Code: 500112 \nNSE SCRIP Code: SBIN \n \nCC/S&B/AND/2025-26/575                                                                                    04.11.2025  \n  \nMadam / Sir, \n \nOutcome of Board Meeting held on 04.11.2025 \n \nWe refer to our letter no. CC/S&B/AND/2025-26/534 dated 18.10.2025 intimating the \nmeeting of the Central Board of the Bank to consider financial results for the quarter \nended 30.09.2025. \n \n2. In terms of Regulation 33, Regulation 52, and other applicable provisions of SEBI \n(LODR) Regulations, 2015, we submit the unaudited Standalone and Consolidated \nfinancial results of the Bank along with the Limited Review Report for the quarter and \nhalf year ended 30.09.2025. The Limited Review Report of the Statutory Central \nAuditors contains unmodified opinion. \n \n3. The Statement of Deviation or Variations under Regulation 32 and Regulation 52(7)/ \n52 (7A) of SEBI (LODR) Regulations, 2015 is enclosed. \n \n4. The Central Board Meeting commenced at 10.00 am and the aforesaid agenda was \nconcluded at 01.20 pm.  \n \nYours faithfully, \n \n \n \n(Aruna N. Dak) \nDGM (Compliance & Company Secretary)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "5fc26a35e7ce33a7"}, {"chunk_id": "918024038096fa1f", "content": "c Retall B.nklno opeEtlon! (il+(ll) 27,75,343 53 26,55,247 24 24,50,204 02 27,75,343 53 24,50.208 02 26.64.575 51 28,00,767 58 26.40.213 54 Dlgh.l Banklng 10 30 988 93 9,73,680 07 7 ,94,440 07 10,30,988 93 7 94,UOO7 9,08,256 98 '10,31,185 53 9,73,856 40 7,95,009 89 10,3'1.185 53 7,95,009 89 9.08.506 47 lllOtherRet ilBanking 17 4435/ 60 16 81 567 17 16 55 367 95 '17,56,3'18 53 17,69,582 05 '17,6,357 14 '16,77,940 14 1 7,69,582 05 16,77,940 14 17,79,9'17 33 d 4 90 244 80 { 87 039 18 4 4824891 4 90 244 AO 4,48,248 91 4,57,657 07 e Other Bankinq ofrations 90,435 73 86 059 84 80,754 36 90 435 73 80 754 36 &l 853 21 f unallocated 1 90 677 49 2,38,054 13 2,17,102 U 1,90,677 49 2,17j02 U 2,39,343 57 2,12,304 43 2,59,242 9A 2,36,494 6l 2.12.30413 2.36,494 65 2,59 099 75 and Reseryes 5.1 8.059.27 4.70.194.85 4.1 9.559.32 5_18_059 27 4,1 9,559.32 4,4',t,162.12 5,69.312.30 5,20,475.57 4.63.049.75 5.69.312.30 4.63.(M9.75 4.87.036.76 Total 69.87.468.72 67 6A-504-78 63_41-459_34 69_87_468-72 63 4l d59 3a 66.76.053.27 76.73.399.61 74,44,29'.t.43 69.63.335.36 t segmeil Net Ro3ult6 aE arrlred ethr taklng lhe ctrects ot Trantter Prlclng. V CORPORATE CENTRE, MUMBAI - 4OO 021 The banker to every i,a SUMMARISED STATEMENT OF ASSETS & LIABILITIES 1 a lcapital 923 06 892 46 892 46 923 06 892 46 892 46 b lReseryes & surplus 5,17 ,136 21 4,'18,666.86 4,40,269 66 5,68,389 24 4,62,157 29 4,86,'144 30 c lMlnorlty lnterest 19.612 91 17.762 09 18,025 84 d lDeDoslts 55.91,700 41 51.17 .284 90 53,82.1 89 53 56.55,559 42 51.71.743 14 54.39.898 02 e lBonowlngr 6,00,551 03 5,58,815 62 5,63,572 52 6,50,303 27 6,06,662 51 6,10,857 24 f lOther llabllltles and provlslons 2,77,158 01 2,45,799 50 2,89,'129 10", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 4, "section": "c\nRetall B.nklno opeEtlon! (il+(ll)\n27,75,343 53\n26,55,247 24\n24,50,204 02\n27,75,343 53\n24,50.208 02\n26.64.575 51\n28,00,767 58\n26.40.213 54\nDlgh.l Banklng\n10 30 988 93\n9,73,680 07\n7 ,94,440 07\n10,30,988 93\n7 94,UOO7\n9,08,256 98\n'10,31,185 53\n9,73,856 40\n7,95,009 89\n10,3'1.185 53\n7,95,009 89\n9.08.506 47\nlllOtherRet ilBanking\n17 4435/ 60\n16 81 567 17\n16 55 367 95\n'17,56,3'18 53\n17,69,582 05\n'17,6,357 14\n'16,77,940 14\n1 7,69,582 05\n16,77,940 14\n17,79,9'17 33\nd\n4 90 244 80\n{ 87 039 18\n4 4824891\n4 90 244 AO\n4,48,248 91\n4,57,657 07\ne\nOther Bankinq ofrations\n90,435 73\n86 059 84\n80,754 36\n90 435 73\n80 754 36\n&l 853 21\nf\nunallocated\n1 90 677 49\n2,38,054 13\n2,17,102 U\n1,90,677 49\n2,17j02 U\n2,39,343 57\n2,12,304 43\n2,59,242 9A\n2,36,494 6l\n2.12.30413\n2.36,494 65\n2,59 099 75\nand Reseryes\n5.1 8.059.27\n4.70.194.85\n4.1 9.559.32\n5_18_059 27\n4,1 9,559.32\n4,4',t,162.12\n5,69.312.30\n5,20,475.57\n4.63.049.75\n5.69.312.30\n4.63.(M9.75\n4.87.036.76\nTotal\n69.87.468.72\n67 6A-504-78\n63_41-459_34\n69_87_468-72\n63 4l d59 3a\n66.76.053.27\n76.73.399.61\n74,44,29'.t.43\n69.63.335.36\nt segmeil Net Ro3ult6 aE arrlred ethr taklng lhe ctrects ot Trantter Prlclng.\nV", "subsection": "The Listing Department, \nNational Stock Exchange of India Limited,  \nExchange Plaza, 5th Floor, ‘G’ Block,  \nBandra Kurla Complex, Bandra (East),  \nMumbai – 400051  \nBSE SCRIP Code: 500112 \nNSE SCRIP Code: SBIN \n \nCC/S&B/AND/2025-26/575                                                                                    04.11.2025  \n  \nMadam / Sir, \n \nOutcome of Board Meeting held on 04.11.2025 \n \nWe refer to our letter no. CC/S&B/AND/2025-26/534 dated 18.10.2025 intimating the \nmeeting of the Central Board of the Bank to consider financial results for the quarter \nended 30.09.2025. \n \n2. In terms of Regulation 33, Regulation 52, and other applicable provisions of SEBI \n(LODR) Regulations, 2015, we submit the unaudited Standalone and Consolidated \nfinancial results of the Bank along with the Limited Review Report for the quarter and \nhalf year ended 30.09.2025. The Limited Review Report of the Statutory Central \nAuditors contains unmodified opinion. \n \n3. The Statement of Deviation or Variations under Regulation 32 and Regulation 52(7)/ \n52 (7A) of SEBI (LODR) Regulations, 2015 is enclosed. \n \n4. The Central Board Meeting commenced at 10.00 am and the aforesaid agenda was \nconcluded at 01.20 pm.  \n \nYours faithfully, \n \n \n \n(Aruna N. Dak) \nDGM (Compliance & Company Secretary)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ff190d29e8b1fdb1"}, {"chunk_id": "362a6c405a1f7190", "content": "d lDeDoslts 55.91,700 41 51.17 .284 90 53,82.1 89 53 56.55,559 42 51.71.743 14 54.39.898 02 e lBonowlngr 6,00,551 03 5,58,815 62 5,63,572 52 6,50,303 27 6,06,662 51 6,10,857 24 f lOther llabllltles and provlslons 2,77,158 01 2,45,799 50 2,89,'129 10 7,70,611.7',I 7 ,O4,117.87 7,58,367 48 Total 69,87,468.72 63,41,459.34 66,76,053.27 76,73,399.51 69,63,335.36 73.14.185.34 2 Assets a lcash and balances wllh Reserue Bank of lndia 2.72,575 28 2,64,027 53 2.27.2't7 50 2.73.476 97 2.64 388 92 2,27,485.16 1.',tg,753 32 7?,073 93 1.13,012.19 1.40,166 48 90.583 18 1.30.447 7A c llnvestments 17 ,28,079 71 16,65,51 1 13 16,90.572 75 22,76.621 25 21,62.000 74 22.05,601 1',1 d lAdvances 43,61,736.98 38,57,423 46 41,63,312 10 44,57 ,752 14 39,43,993 51 42,50,830 74 e lFlxed assets 52.094 20 43,084 09 44j07 55 54.362 50 45.238 78 46,337 69 f lotherassets 4.53,229 23 4,39,339 20 4.37.831. 18 4.71.020 27 4.57.130 23 4,53.482 86 Total 69.87.458.72 63.41.459.34 66.76.053.27 76.73.399.51 69.63.335.36 73.'t4.18s.34 UNAUDITED CASH FLOW STATEMENT FOR THE HALF YEAR ENDED SEPTEMAER 30,2025 Standalone Consolldated 30.09.2025 (Unaudlted) 30.09.2024 (Unaudlted) 31 03.2025 (Audited) 30.09.2025 (Unaudited) 30 09.2024 (Unaudited) 31.03.2025 (Audlted) Half year ended Year ended Half year ended Year ended CASH FLOW FROM OPERATING ACTIVITIES tlrt ProtiU(L6!) bsloG tarsr (including.hro in profil lrcm.3socialea and net ol minoritY intcEll) 52,209 ?9 47,787 17 95,27127 57,093 43 53,109 38 1,04,909 48 DeoEciation on Fixed Assets 2,036 91 1,707.25 3.528 91 2,313 83 '1.950 80 3.991 48 lProtityLoss on 5ale of Fited Assets (Net) 009 15 78 20.37 556 13 67 16 23", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 4, "section": "c\nRetall B.nklno opeEtlon! (il+(ll)\n27,75,343 53\n26,55,247 24\n24,50,204 02\n27,75,343 53\n24,50.208 02\n26.64.575 51\n28,00,767 58\n26.40.213 54\nDlgh.l Banklng\n10 30 988 93\n9,73,680 07\n7 ,94,440 07\n10,30,988 93\n7 94,UOO7\n9,08,256 98\n'10,31,185 53\n9,73,856 40\n7,95,009 89\n10,3'1.185 53\n7,95,009 89\n9.08.506 47\nlllOtherRet ilBanking\n17 4435/ 60\n16 81 567 17\n16 55 367 95\n'17,56,3'18 53\n17,69,582 05\n'17,6,357 14\n'16,77,940 14\n1 7,69,582 05\n16,77,940 14\n17,79,9'17 33\nd\n4 90 244 80\n{ 87 039 18\n4 4824891\n4 90 244 AO\n4,48,248 91\n4,57,657 07\ne\nOther Bankinq ofrations\n90,435 73\n86 059 84\n80,754 36\n90 435 73\n80 754 36\n&l 853 21\nf\nunallocated\n1 90 677 49\n2,38,054 13\n2,17,102 U\n1,90,677 49\n2,17j02 U\n2,39,343 57\n2,12,304 43\n2,59,242 9A\n2,36,494 6l\n2.12.30413\n2.36,494 65\n2,59 099 75\nand Reseryes\n5.1 8.059.27\n4.70.194.85\n4.1 9.559.32\n5_18_059 27\n4,1 9,559.32\n4,4',t,162.12\n5,69.312.30\n5,20,475.57\n4.63.049.75\n5.69.312.30\n4.63.(M9.75\n4.87.036.76\nTotal\n69.87.468.72\n67 6A-504-78\n63_41-459_34\n69_87_468-72\n63 4l d59 3a\n66.76.053.27\n76.73.399.61\n74,44,29'.t.43\n69.63.335.36\nt segmeil Net Ro3ult6 aE arrlred ethr taklng lhe ctrects ot Trantter Prlclng.\nV", "subsection": "The Listing Department, \nNational Stock Exchange of India Limited,  \nExchange Plaza, 5th Floor, ‘G’ Block,  \nBandra Kurla Complex, Bandra (East),  \nMumbai – 400051  \nBSE SCRIP Code: 500112 \nNSE SCRIP Code: SBIN \n \nCC/S&B/AND/2025-26/575                                                                                    04.11.2025  \n  \nMadam / Sir, \n \nOutcome of Board Meeting held on 04.11.2025 \n \nWe refer to our letter no. CC/S&B/AND/2025-26/534 dated 18.10.2025 intimating the \nmeeting of the Central Board of the Bank to consider financial results for the quarter \nended 30.09.2025. \n \n2. In terms of Regulation 33, Regulation 52, and other applicable provisions of SEBI \n(LODR) Regulations, 2015, we submit the unaudited Standalone and Consolidated \nfinancial results of the Bank along with the Limited Review Report for the quarter and \nhalf year ended 30.09.2025. The Limited Review Report of the Statutory Central \nAuditors contains unmodified opinion. \n \n3. The Statement of Deviation or Variations under Regulation 32 and Regulation 52(7)/ \n52 (7A) of SEBI (LODR) Regulations, 2015 is enclosed. \n \n4. The Central Board Meeting commenced at 10.00 am and the aforesaid agenda was \nconcluded at 01.20 pm.  \n \nYours faithfully, \n \n \n \n(Aruna N. Dak) \nDGM (Compliance & Company Secretary)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ff190d29e8b1fdb1"}, {"chunk_id": "1a68be788df97acc", "content": "minoritY intcEll) 52,209 ?9 47,787 17 95,27127 57,093 43 53,109 38 1,04,909 48 DeoEciation on Fixed Assets 2,036 91 1,707.25 3.528 91 2,313 83 '1.950 80 3.991 48 lProtityLoss on 5ale of Fited Assets (Net) 009 15 78 20.37 556 13 67 16 23 lProfit)/Loss on revaluation of lnvestments (Net) - 1.733.30 - 2.811 22 - 5,453 16 - 1,763 12 - 2,517.87 - 5,179 38 (Profit) tLoss on sale of lnvestmenB in SubsidiariesrJoint Ventures, Associates - 4.618 68 - 111 80 -11180 - 2.384 4',1 752 752 9.066 38 8.1 49 08 14.418 33 1',1.142 20 1 0.1 80 68 '18,505 51 879 70 401 66 302 76 974 38 431 25 338 09 Provi!ion on non-rrtominq lnvestmenls -8776 72 62 514 28 -8933 30 99 482 88 oth€r provisions including provision tor contingencies 301 00 - 668 21 72 53 314 16 - 649 46 134 6E - 295 90 - 214 77 - 1.938 93 - 850 84 - 758 97 - '1.505 47 -040 -771 -881 lnleresl charqed on Capital lnslruments 6.325 67 5,37192 11,672 34 6,395 99 5,483 96 11,922.81 64.163.40 59.699.48 t.1 8.296.90 73.'t51.45 67.274.24 1,33,615.02 lnceaser(DecEase) in Borowing3 olher than Cspital lnstrumenl. 47,978 51 - 45.640 49 40,026 98 50.250 52 - 41,444 70 - 35,148 36 (lncrcaseyoecGale in lnveslmonts other than lnveatmcnl in Sublidia.ies , Joint VentuG! , Associates - 37,381 60 15,264 35 - 8,609 27 -70,712 13 -48,191 30 - 81,890 97 lncEasellDecre.3e) in DeDosits 2,09,510 88 2,O1,208 13 4,66,112 76 2,15,661 40 2,05,205 66 4,73,360 53", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 4, "section": "c\nRetall B.nklno opeEtlon! (il+(ll)\n27,75,343 53\n26,55,247 24\n24,50,204 02\n27,75,343 53\n24,50.208 02\n26.64.575 51\n28,00,767 58\n26.40.213 54\nDlgh.l Banklng\n10 30 988 93\n9,73,680 07\n7 ,94,440 07\n10,30,988 93\n7 94,UOO7\n9,08,256 98\n'10,31,185 53\n9,73,856 40\n7,95,009 89\n10,3'1.185 53\n7,95,009 89\n9.08.506 47\nlllOtherRet ilBanking\n17 4435/ 60\n16 81 567 17\n16 55 367 95\n'17,56,3'18 53\n17,69,582 05\n'17,6,357 14\n'16,77,940 14\n1 7,69,582 05\n16,77,940 14\n17,79,9'17 33\nd\n4 90 244 80\n{ 87 039 18\n4 4824891\n4 90 244 AO\n4,48,248 91\n4,57,657 07\ne\nOther Bankinq ofrations\n90,435 73\n86 059 84\n80,754 36\n90 435 73\n80 754 36\n&l 853 21\nf\nunallocated\n1 90 677 49\n2,38,054 13\n2,17,102 U\n1,90,677 49\n2,17j02 U\n2,39,343 57\n2,12,304 43\n2,59,242 9A\n2,36,494 6l\n2.12.30413\n2.36,494 65\n2,59 099 75\nand Reseryes\n5.1 8.059.27\n4.70.194.85\n4.1 9.559.32\n5_18_059 27\n4,1 9,559.32\n4,4',t,162.12\n5,69.312.30\n5,20,475.57\n4.63.049.75\n5.69.312.30\n4.63.(M9.75\n4.87.036.76\nTotal\n69.87.468.72\n67 6A-504-78\n63_41-459_34\n69_87_468-72\n63 4l d59 3a\n66.76.053.27\n76.73.399.61\n74,44,29'.t.43\n69.63.335.36\nt segmeil Net Ro3ult6 aE arrlred ethr taklng lhe ctrects ot Trantter Prlclng.\nV", "subsection": "The Listing Department, \nNational Stock Exchange of India Limited,  \nExchange Plaza, 5th Floor, ‘G’ Block,  \nBandra Kurla Complex, Bandra (East),  \nMumbai – 400051  \nBSE SCRIP Code: 500112 \nNSE SCRIP Code: SBIN \n \nCC/S&B/AND/2025-26/575                                                                                    04.11.2025  \n  \nMadam / Sir, \n \nOutcome of Board Meeting held on 04.11.2025 \n \nWe refer to our letter no. CC/S&B/AND/2025-26/534 dated 18.10.2025 intimating the \nmeeting of the Central Board of the Bank to consider financial results for the quarter \nended 30.09.2025. \n \n2. In terms of Regulation 33, Regulation 52, and other applicable provisions of SEBI \n(LODR) Regulations, 2015, we submit the unaudited Standalone and Consolidated \nfinancial results of the Bank along with the Limited Review Report for the quarter and \nhalf year ended 30.09.2025. The Limited Review Report of the Statutory Central \nAuditors contains unmodified opinion. \n \n3. The Statement of Deviation or Variations under Regulation 32 and Regulation 52(7)/ \n52 (7A) of SEBI (LODR) Regulations, 2015 is enclosed. \n \n4. The Central Board Meeting commenced at 10.00 am and the aforesaid agenda was \nconcluded at 01.20 pm.  \n \nYours faithfully, \n \n \n \n(Aruna N. Dak) \nDGM (Compliance & Company Secretary)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ff190d29e8b1fdb1"}, {"chunk_id": "4663fc8411697e11", "content": "NET CASH GENERATED FROM / (USEO IN) OPERATING ACTIVITIES (A) 49.429.91 35.960.16 45.859.87 53.753.38 35.61 7.65 48.486.29 v llncreaEe)roecrca6e in Advances - 2.07,491 26 - 1,61,601 69 4,73,759 58 - 2,18,063 60 - 't,69,901 52 - 4,85,063 58 lncrc.serlDecease) in Other Liabilities 1,481 70 - 32,318 93 - 4.1 05 89 34.163 74 25.400 07 56,832 99 - 't8,560 0( 9,391 18 18.705 42 - 18.635 01 8,7'18 43 20.542't1 59,701.57 46,002.03 76,613.36 65,816.37 47,060.88 82,247.74 Tax refund / (Tares paid) - 10.27',t 66 - 10.041 87 - 30,753 49 - 12,06299 - 't1,443 23 - 33,761 45 30.09.2025 (Unaudlted) 30.09.2024 (Unaudlted) 31.03.2025 (Audlted) 30.09.2025 (Unaudlted) 30.09.2024 (Unaudlted) 31.03.2025 (Audlted) Halt year ended Y€ar ended Half year ended Year ended CASH FLOW FROM INVESTING ACTIVITIES Purchase of lnveatmentt in Sub8idiarie3 , Joint Ventuei / As3ociatea - 1,747 .36 - 108 27 10.342 76 112 80 1.122 80 7.779.41 -652 -652 lncome received lrom lnv6alment in Subsidiariea, Joint Ventures I As3ociates 291 43 214 77 1.977 29 o.^.Md. i' m G.l. ^r l^v..th.^t. in S,,h.idi.d.<, -l^int V.nh,h.l A..a.irtc< lncome received ,rom lnvoatment in Associatos 060 771 900 (lncrease) roecreaae in Fired A3sets 2,551 79 - 2,302.90 - 5,112 34 - 3,055 40 - 2,495 07 - 5,637 22 CASH FLOW FROM FINANCING ACTIVITIES NET CASH GENERATED FROM / (USEO IN) INVESTING ACTIVITIES lBt 5,335.04 - 1,975.33 - 2,O12.25 4,616.34 - 2.493.88 - 5.634.74 Procoods from cquitv lhaes i6Ecdr 24,994 15 013 013 24.994 15 013 013 ls3ue ol CrDibl lnstruments 15.000 00 20.000 00 187 50 '16.500 00 21.500 00 Redemolion of CaDital lnslruments - 1 1,000 00 - 8.104 80 - 13,961 40 - 10.992 00 - 8.002 30 - 15,103.90", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 6, "section": "NET CASH GENERATED FROM / (USEO IN) OPERATING ACTIVITIES\n(A)\n49.429.91\n35.960.16\n45.859.87\n53.753.38\n35.61 7.65\n48.486.29\nv", "subsection": "The Listing Department, \nNational Stock Exchange of India Limited,  \nExchange Plaza, 5th Floor, ‘G’ Block,  \nBandra Kurla Complex, Bandra (East),  \nMumbai – 400051  \nBSE SCRIP Code: 500112 \nNSE SCRIP Code: SBIN \n \nCC/S&B/AND/2025-26/575                                                                                    04.11.2025  \n  \nMadam / Sir, \n \nOutcome of Board Meeting held on 04.11.2025 \n \nWe refer to our letter no. CC/S&B/AND/2025-26/534 dated 18.10.2025 intimating the \nmeeting of the Central Board of the Bank to consider financial results for the quarter \nended 30.09.2025. \n \n2. In terms of Regulation 33, Regulation 52, and other applicable provisions of SEBI \n(LODR) Regulations, 2015, we submit the unaudited Standalone and Consolidated \nfinancial results of the Bank along with the Limited Review Report for the quarter and \nhalf year ended 30.09.2025. The Limited Review Report of the Statutory Central \nAuditors contains unmodified opinion. \n \n3. The Statement of Deviation or Variations under Regulation 32 and Regulation 52(7)/ \n52 (7A) of SEBI (LODR) Regulations, 2015 is enclosed. \n \n4. The Central Board Meeting commenced at 10.00 am and the aforesaid agenda was \nconcluded at 01.20 pm.  \n \nYours faithfully, \n \n \n \n(Aruna N. Dak) \nDGM (Compliance & Company Secretary)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "84d1d8db6d995ffe"}, {"chunk_id": "9423e22c77c4ba7a", "content": "24,994 15 013 013 24.994 15 013 013 ls3ue ol CrDibl lnstruments 15.000 00 20.000 00 187 50 '16.500 00 21.500 00 Redemolion of CaDital lnslruments - 1 1,000 00 - 8.104 80 - 13,961 40 - 10.992 00 - 8.002 30 - 15,103.90 lntoresl oaid on CaDitEl ln.trumenG - 6,830 60 - 4,931 30 - 10,138 63 6,884 11 - 4,950 95 - 10.270 90 Oividend paid - 14,190 15 - 12,226 72 - 12,226 72 - 14,190. t5 - 12.226.72 - 't2,226 72 -286 -258 -31 85 lnce.se/aDecrcasel an Manoritv lnieEst 304 31 2j20 51 2.394 16 NET CASH GENERATED FROM ' (USED IN) FINANCING ACTIVITIES (c) - 7,026.60 - 10.262.69 - 16,326.62 6,583.1 6 - 6,561.91 - 13.739.08 EFFECT OF EXCHANGE FLUCTUATION ON TRANSLATION RESERVE (D) 3,360 56 1.577 33 1,906 70 3,923 95 1.837 94 2.244 17 NET TNCREASE r (DEcREASE) lN cAsH AND cAsH EQUIVALENTS (A)+(B)+(c)+(D) 52,098.91 2E,299.47 29,427.70 55,710.61 28,399.80 31,360.64 CASH AND CASH EOUIVALENTS AS AT ,IST APRIL 3,40,229.69 3,10,801.99 3,10,801.99 3,57,932.94 3,26,672.30 3,26,572.30 CASH AND CASH EOUIVALENTS AS AT END OF THE REPORTING PERIOO 3.92.328.60 3.36.'t0't.46 3.40.229.69 4.13.6.13.45 3.51.972.10 3.57.932.94 shar€s lo lhe eligibl€ Ouelilied lnslilulional Buye6 (OlBs), pro@eds ot which are {24,994 I 5 Cmre Noto!: r 30.09.2025 30.09.2024 31.03.2025 30.09.2025 30.09.2024 31.0s.2025 cash & Ealenes with Reserve Eank o[ lndia 2,72,575 28 2,64,027 53 2,27 ,217 50 2,73,476 97 2,64,388 92 2,27,485 16 Balen@s with Banks and money at ell & short notie Total 2 Crsh flow lrom opoEting activities i6 rcported by using indiEct m€thod. Ashutosh Managing Director (R, M. Tonse Managing Oirector (RB & O) Managing Tewari & Subsidiaries) Place: Mumbai", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 6, "section": "NET CASH GENERATED FROM / (USEO IN) OPERATING ACTIVITIES\n(A)\n49.429.91\n35.960.16\n45.859.87\n53.753.38\n35.61 7.65\n48.486.29\nv", "subsection": "The Listing Department, \nNational Stock Exchange of India Limited,  \nExchange Plaza, 5th Floor, ‘G’ Block,  \nBandra Kurla Complex, Bandra (East),  \nMumbai – 400051  \nBSE SCRIP Code: 500112 \nNSE SCRIP Code: SBIN \n \nCC/S&B/AND/2025-26/575                                                                                    04.11.2025  \n  \nMadam / Sir, \n \nOutcome of Board Meeting held on 04.11.2025 \n \nWe refer to our letter no. CC/S&B/AND/2025-26/534 dated 18.10.2025 intimating the \nmeeting of the Central Board of the Bank to consider financial results for the quarter \nended 30.09.2025. \n \n2. In terms of Regulation 33, Regulation 52, and other applicable provisions of SEBI \n(LODR) Regulations, 2015, we submit the unaudited Standalone and Consolidated \nfinancial results of the Bank along with the Limited Review Report for the quarter and \nhalf year ended 30.09.2025. The Limited Review Report of the Statutory Central \nAuditors contains unmodified opinion. \n \n3. The Statement of Deviation or Variations under Regulation 32 and Regulation 52(7)/ \n52 (7A) of SEBI (LODR) Regulations, 2015 is enclosed. \n \n4. The Central Board Meeting commenced at 10.00 am and the aforesaid agenda was \nconcluded at 01.20 pm.  \n \nYours faithfully, \n \n \n \n(Aruna N. Dak) \nDGM (Compliance & Company Secretary)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "84d1d8db6d995ffe"}, {"chunk_id": "7dbe3096d45ea943", "content": "1. The above financial results for the quarter and half year ended 30th September 2025 have been drawn from the financial statements prepared in accordance with Accounting Standard (AS-25) on 'lnterim Financial Reporting' issued by the lnstitute of Chartered Accountants of lndia, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bank of lndia (RBl) from time to time (the RBI guidelines), other accounting principles generally accepted in lndia and as per the requirements of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended).", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 6, "section": "1. The above financial results for the quarter and half year ended 30th September 2025 have been\ndrawn from the financial statements prepared in accordance with Accounting Standard (AS-25) on\n'lnterim Financial Reporting' issued by the lnstitute of Chartered Accountants of lndia, the relevant\nprovisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the\nReserve Bank of lndia (RBl) from time to time (the RBI guidelines), other accounting principles\ngenerally accepted in lndia and as per the requirements of SEBI (Listing Obligations and Disclosure\nRequirements) Regulations, 2015 (as amended).", "subsection": "The Listing Department, \nNational Stock Exchange of India Limited,  \nExchange Plaza, 5th Floor, ‘G’ Block,  \nBandra Kurla Complex, Bandra (East),  \nMumbai – 400051  \nBSE SCRIP Code: 500112 \nNSE SCRIP Code: SBIN \n \nCC/S&B/AND/2025-26/575                                                                                    04.11.2025  \n  \nMadam / Sir, \n \nOutcome of Board Meeting held on 04.11.2025 \n \nWe refer to our letter no. CC/S&B/AND/2025-26/534 dated 18.10.2025 intimating the \nmeeting of the Central Board of the Bank to consider financial results for the quarter \nended 30.09.2025. \n \n2. In terms of Regulation 33, Regulation 52, and other applicable provisions of SEBI \n(LODR) Regulations, 2015, we submit the unaudited Standalone and Consolidated \nfinancial results of the Bank along with the Limited Review Report for the quarter and \nhalf year ended 30.09.2025. The Limited Review Report of the Statutory Central \nAuditors contains unmodified opinion. \n \n3. The Statement of Deviation or Variations under Regulation 32 and Regulation 52(7)/ \n52 (7A) of SEBI (LODR) Regulations, 2015 is enclosed. \n \n4. The Central Board Meeting commenced at 10.00 am and the aforesaid agenda was \nconcluded at 01.20 pm.  \n \nYours faithfully, \n \n \n \n(Aruna N. Dak) \nDGM (Compliance & Company Secretary)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a126514ac126150d"}, {"chunk_id": "92095b9f6ff8bebc", "content": "2. The above financial results for the quarter and half year ended 30th September 2025 have been reviewed by the Audit Committee of the Board at its meeting held on 3'd November 2025 and approved by the Board of Directors at its meeting held on 4th November 2025. These financial results have been subject to Limited Review by the Statutory CentralAuditors (SCAs) of the Bank.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 6, "section": "2. The above financial results for the quarter and half year ended 30th September 2025 have been\nreviewed by the Audit Committee of the Board at its meeting held on 3'd November 2025 and\napproved by the Board of Directors at its meeting held on 4th November 2025. These financial results\nhave been subject to Limited Review by the Statutory CentralAuditors (SCAs) of the Bank.", "subsection": "The Listing Department, \nNational Stock Exchange of India Limited,  \nExchange Plaza, 5th Floor, ‘G’ Block,  \nBandra Kurla Complex, Bandra (East),  \nMumbai – 400051  \nBSE SCRIP Code: 500112 \nNSE SCRIP Code: SBIN \n \nCC/S&B/AND/2025-26/575                                                                                    04.11.2025  \n  \nMadam / Sir, \n \nOutcome of Board Meeting held on 04.11.2025 \n \nWe refer to our letter no. CC/S&B/AND/2025-26/534 dated 18.10.2025 intimating the \nmeeting of the Central Board of the Bank to consider financial results for the quarter \nended 30.09.2025. \n \n2. In terms of Regulation 33, Regulation 52, and other applicable provisions of SEBI \n(LODR) Regulations, 2015, we submit the unaudited Standalone and Consolidated \nfinancial results of the Bank along with the Limited Review Report for the quarter and \nhalf year ended 30.09.2025. The Limited Review Report of the Statutory Central \nAuditors contains unmodified opinion. \n \n3. The Statement of Deviation or Variations under Regulation 32 and Regulation 52(7)/ \n52 (7A) of SEBI (LODR) Regulations, 2015 is enclosed. \n \n4. The Central Board Meeting commenced at 10.00 am and the aforesaid agenda was \nconcluded at 01.20 pm.  \n \nYours faithfully, \n \n \n \n(Aruna N. Dak) \nDGM (Compliance & Company Secretary)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7a549998d61dca59"}, {"chunk_id": "4230dbd7cfed32bf", "content": "3. The above flnancial results for the quarter and half year ended 30th September 2025 have been arrived at after considering necessary provisions for Non-performing Assets (NPAs), Standard Assets, Standard Derivative Exposures, Restructured Assets, Non-Performing lnvestments, Contingencies, Employee Benefits, Direct Taxes (after adjustment for Deferred Tax) and other assets/items (based on estimates).", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 6, "section": "3. The above flnancial results for the quarter and half year ended 30th September 2025 have been\narrived at after considering necessary provisions for Non-performing Assets (NPAs), Standard\nAssets, Standard Derivative Exposures, Restructured Assets, Non-Performing lnvestments,\nContingencies, Employee Benefits, Direct Taxes (after adjustment for Deferred Tax) and other\nassets/items (based on estimates).", "subsection": "The Listing Department, \nNational Stock Exchange of India Limited,  \nExchange Plaza, 5th Floor, ‘G’ Block,  \nBandra Kurla Complex, Bandra (East),  \nMumbai – 400051  \nBSE SCRIP Code: 500112 \nNSE SCRIP Code: SBIN \n \nCC/S&B/AND/2025-26/575                                                                                    04.11.2025  \n  \nMadam / Sir, \n \nOutcome of Board Meeting held on 04.11.2025 \n \nWe refer to our letter no. CC/S&B/AND/2025-26/534 dated 18.10.2025 intimating the \nmeeting of the Central Board of the Bank to consider financial results for the quarter \nended 30.09.2025. \n \n2. In terms of Regulation 33, Regulation 52, and other applicable provisions of SEBI \n(LODR) Regulations, 2015, we submit the unaudited Standalone and Consolidated \nfinancial results of the Bank along with the Limited Review Report for the quarter and \nhalf year ended 30.09.2025. The Limited Review Report of the Statutory Central \nAuditors contains unmodified opinion. \n \n3. The Statement of Deviation or Variations under Regulation 32 and Regulation 52(7)/ \n52 (7A) of SEBI (LODR) Regulations, 2015 is enclosed. \n \n4. The Central Board Meeting commenced at 10.00 am and the aforesaid agenda was \nconcluded at 01.20 pm.  \n \nYours faithfully, \n \n \n \n(Aruna N. Dak) \nDGM (Compliance & Company Secretary)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "94c06a74ed14b93d"}, {"chunk_id": "5749f1f0c79b9223", "content": "6. RBI Circular RBI/2025-26108 DOR.CAP.REC.2121.06.20112025-26 dated lstApril 2025 on 'Basel lll Capital Regulations' requires the Bank to make applicable Pillar 3 Disclosures including Leverage Ratio, Liquidity Coverage Ratio and Net Stable Funding Ratio (NSFR) under the Basel lll framework. These disclosures as on 30th September 2025, are placed on the Bank's Website . These disclosures have not been subject to Limited Review by the Statutory CentralAuditors of the Bank.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 6, "section": "6. RBI Circular RBI/2025-26108 DOR.CAP.REC.2121.06.20112025-26 dated lstApril 2025 on 'Basel lll\nCapital Regulations' requires the Bank to make applicable Pillar 3 Disclosures including Leverage\nRatio, Liquidity Coverage Ratio and Net Stable Funding Ratio (NSFR) under the Basel lll framework.\nThese disclosures as on 30th September 2025, are placed on the Bank's Website\n. These disclosures have not been subject to Limited\nReview by the Statutory CentralAuditors of the Bank.", "subsection": "The Listing Department, \nNational Stock Exchange of India Limited,  \nExchange Plaza, 5th Floor, ‘G’ Block,  \nBandra Kurla Complex, Bandra (East),  \nMumbai – 400051  \nBSE SCRIP Code: 500112 \nNSE SCRIP Code: SBIN \n \nCC/S&B/AND/2025-26/575                                                                                    04.11.2025  \n  \nMadam / Sir, \n \nOutcome of Board Meeting held on 04.11.2025 \n \nWe refer to our letter no. CC/S&B/AND/2025-26/534 dated 18.10.2025 intimating the \nmeeting of the Central Board of the Bank to consider financial results for the quarter \nended 30.09.2025. \n \n2. In terms of Regulation 33, Regulation 52, and other applicable provisions of SEBI \n(LODR) Regulations, 2015, we submit the unaudited Standalone and Consolidated \nfinancial results of the Bank along with the Limited Review Report for the quarter and \nhalf year ended 30.09.2025. The Limited Review Report of the Statutory Central \nAuditors contains unmodified opinion. \n \n3. The Statement of Deviation or Variations under Regulation 32 and Regulation 52(7)/ \n52 (7A) of SEBI (LODR) Regulations, 2015 is enclosed. \n \n4. The Central Board Meeting commenced at 10.00 am and the aforesaid agenda was \nconcluded at 01.20 pm.  \n \nYours faithfully, \n \n \n \n(Aruna N. Dak) \nDGM (Compliance & Company Secretary)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "dcc7712f1cb45e74"}, {"chunk_id": "8df8d23abfad16b1", "content": "8. Provision Coverage Ratio (PCR) as on 30th September 2025 is75.79o/o. PCR with AUCA is 92.29o/o. AUCA represents accounts to the extent fully provided and transferred to a separate head called Advance Under Collection Account (AUCA) with a clear purpose of cleansing the Balance Sheet. The balance in AUCA as an 30th September 2025 is {1 ,63,333.67 Crore. Of these, AUCA amounting to t21 ,141.21Crore is more than 10 years old; {90,819.87 Crore is more than 5 years and up to 10 years old; and <51,372.59 Crore is up to 5 years old", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 6, "section": "8. Provision Coverage Ratio (PCR) as on 30th September 2025 is75.79o/o. PCR with AUCA is 92.29o/o.\nAUCA represents accounts to the extent fully provided and transferred to a separate head called\nAdvance Under Collection Account (AUCA) with a clear purpose of cleansing the Balance Sheet.\nThe balance in AUCA as an 30th September 2025 is {1 ,63,333.67 Crore. Of these, AUCA amounting\nto t21 ,141.21Crore is more than 10 years old; {90,819.87 Crore is more than 5 years and up to 10\nyears old; and <51,372.59 Crore is up to 5 years old", "subsection": "The Listing Department, \nNational Stock Exchange of India Limited,  \nExchange Plaza, 5th Floor, ‘G’ Block,  \nBandra Kurla Complex, Bandra (East),  \nMumbai – 400051  \nBSE SCRIP Code: 500112 \nNSE SCRIP Code: SBIN \n \nCC/S&B/AND/2025-26/575                                                                                    04.11.2025  \n  \nMadam / Sir, \n \nOutcome of Board Meeting held on 04.11.2025 \n \nWe refer to our letter no. CC/S&B/AND/2025-26/534 dated 18.10.2025 intimating the \nmeeting of the Central Board of the Bank to consider financial results for the quarter \nended 30.09.2025. \n \n2. In terms of Regulation 33, Regulation 52, and other applicable provisions of SEBI \n(LODR) Regulations, 2015, we submit the unaudited Standalone and Consolidated \nfinancial results of the Bank along with the Limited Review Report for the quarter and \nhalf year ended 30.09.2025. The Limited Review Report of the Statutory Central \nAuditors contains unmodified opinion. \n \n3. The Statement of Deviation or Variations under Regulation 32 and Regulation 52(7)/ \n52 (7A) of SEBI (LODR) Regulations, 2015 is enclosed. \n \n4. The Central Board Meeting commenced at 10.00 am and the aforesaid agenda was \nconcluded at 01.20 pm.  \n \nYours faithfully, \n \n \n \n(Aruna N. Dak) \nDGM (Compliance & Company Secretary)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a4f23cf843858a37"}, {"chunk_id": "55a1d5a54f71bea8", "content": "9. Pursuant to regulatory approval obtained from the Reserve Bank of lndia, the Bank has divested its entire 14.960/o stake comprising 7,90,80,000 equity shares in Jio Payments Bank Ltd to its joint venture partner, Jio Financial Services Ltd. (JFSL), on 18th June 2025, at a consideration of 713.22 per share. The profit amounting to t25.46 Crore in this transaction is recognized in the financial results for the period. 10. Pursuant to regulatory approval obtained from the Reserve Bank of lndia, the Bank divested 13.18% of its equity shareholding in Yes Bank Limited, comprising 4,13,44,04,897 equity shares, on 17th September 2025 at a consideration of <21.50 per share. The said divestment resulted in a profit of <4,593.22 Crore, which has been recognised in the Profit and LossAccount as \"Exceptional ltems\" and will be appropriated to the Capital Reserve in due course. Consequent to the aforesaid transaction the Bank's shareholding in Yes Bank Ltd. stands at 10.78o/o as on 30th September 2025 and continues to be classified as an Associate.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 7, "section": "9. Pursuant to regulatory approval obtained from the Reserve Bank of lndia, the Bank has divested its\nentire 14.960/o stake comprising 7,90,80,000 equity shares in Jio Payments Bank Ltd to its joint", "subsection": "10. Pursuant to regulatory approval obtained from the Reserve Bank of lndia, the Bank divested 13.18%\nof its equity shareholding in Yes Bank Limited, comprising 4,13,44,04,897 equity shares, on 17th\nSeptember 2025 at a consideration of <21.50 per share. The said divestment resulted in a profit of\n<4,593.22 Crore, which has been recognised in the Profit and LossAccount as \"Exceptional ltems\"\nand will be appropriated to the Capital Reserve in due course. Consequent to the aforesaid\ntransaction the Bank's shareholding in Yes Bank Ltd. stands at 10.78o/o as on 30th September 2025\nand continues to be classified as an Associate.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "84afce3cc4873e25"}, {"chunk_id": "1977645e6bddbf5c", "content": "11. Pursuant to regulatory approval obtained from the Reserve Bank of lndia and the lnsurance Regulatory and Development Authority of lndia (lRDAl), the Bank acquired an additional 4.925o/o equity stake in SBI General lnsurance Company Ltd. on 19th August 2025. Consequent to this acquisition, the Bank's shareholding in SBI General lnsurance Company Limited increased to 73.89% as at 30th September 2025. 12.The Bank has revalued its freehold immovable properties on 1st April 2025 (earlier revalued in financial year 2022-2023) based on valuation reports obtained from empanelled independent valuers. The net revaluation surplus amounting to {7,288.81 Crore has been credited to Revaluation Reserve.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 7, "section": "11. Pursuant to regulatory approval obtained from the Reserve Bank of lndia and the lnsurance\nRegulatory and Development Authority of lndia (lRDAl), the Bank acquired an additional 4.925o/o\nequity stake in SBI General lnsurance Company Ltd. on 19th August 2025. Consequent to this\nacquisition, the Bank's shareholding in SBI General lnsurance Company Limited increased to 73.89%\nas at 30th September 2025.", "subsection": "10. Pursuant to regulatory approval obtained from the Reserve Bank of lndia, the Bank divested 13.18%\nof its equity shareholding in Yes Bank Limited, comprising 4,13,44,04,897 equity shares, on 17th\nSeptember 2025 at a consideration of <21.50 per share. The said divestment resulted in a profit of\n<4,593.22 Crore, which has been recognised in the Profit and LossAccount as \"Exceptional ltems\"\nand will be appropriated to the Capital Reserve in due course. Consequent to the aforesaid\ntransaction the Bank's shareholding in Yes Bank Ltd. stands at 10.78o/o as on 30th September 2025\nand continues to be classified as an Associate.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2379061f870d41f2"}, {"chunk_id": "b4bb04ebbb5ef450", "content": "(A) Exposure to accounts classified as Standard consequent to implementation of resolution plan - Position as at the end of the previous half-year (B) of (A), aggregate debt that slipped into NPA during the half-year (c) of (A) amount written off during the half-year (D) of (A) amount paid by the borrowers during the half year Corporate persons (of which, MSMEs are) 2,780.91 Others Total 12,923.O0 412.98 1,231.20 11,278.82 (includes restructuring implemented during the half year ended 30th September 2021 under the Resolution Framework 1.0)", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 7, "section": "(A)\nExposure to accounts\nclassified as Standard\nconsequent to\nimplementation of\nresolution plan -\nPosition as at the end of\nthe previous half-year", "subsection": "10. Pursuant to regulatory approval obtained from the Reserve Bank of lndia, the Bank divested 13.18%\nof its equity shareholding in Yes Bank Limited, comprising 4,13,44,04,897 equity shares, on 17th\nSeptember 2025 at a consideration of <21.50 per share. The said divestment resulted in a profit of\n<4,593.22 Crore, which has been recognised in the Profit and LossAccount as \"Exceptional ltems\"\nand will be appropriated to the Capital Reserve in due course. Consequent to the aforesaid\ntransaction the Bank's shareholding in Yes Bank Ltd. stands at 10.78o/o as on 30th September 2025\nand continues to be classified as an Associate.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4b3de8ee172782e3"}, {"chunk_id": "9e82e53622e97d30", "content": "14. Details of loan transferred/acquired during half year ended 30th September 2025 in terms of RBI's Master Directions on Transfer of Loan Exposures issued vide Circular No. DOR.STR.REC.51/21 .04.048t2021-22 dated 24th September 2021 (updated as on 28th December 2023) are given below. The transfer of loans in the secondary market is a regular practice in foreign jurisdictions. ln line with the intent of comprehensive RBI guidelines aimed at developing a robust secondary market for loans, the disclosures provided herein pertain only to domestic secondary market transactions.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 8, "section": "14. Details of loan transferred/acquired during half year ended 30th September 2025 in terms of RBI's\nMaster Directions on Transfer of Loan Exposures issued vide Circular No.", "subsection": "10. Pursuant to regulatory approval obtained from the Reserve Bank of lndia, the Bank divested 13.18%\nof its equity shareholding in Yes Bank Limited, comprising 4,13,44,04,897 equity shares, on 17th\nSeptember 2025 at a consideration of <21.50 per share. The said divestment resulted in a profit of\n<4,593.22 Crore, which has been recognised in the Profit and LossAccount as \"Exceptional ltems\"\nand will be appropriated to the Capital Reserve in due course. Consequent to the aforesaid\ntransaction the Bank's shareholding in Yes Bank Ltd. stands at 10.78o/o as on 30th September 2025\nand continues to be classified as an Associate.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4951fc43638d8aae"}, {"chunk_id": "fbb7493fad4ee4fa", "content": "Sale of Loans: a. The Bank has not transferred any Special Mention Account (SMA) and loans which are not in default. b. Details of non-performi assets (NPAs) transferred are as follows Particulars (Allamounts in { Crore) To Asset Reconstruction Companies (ARCs) To permitted transferees Number of accounts 8 55 Aggregate principal outstanding of loans transferred 2,514.21 1 56.1 6 Weighted average residual tenor of the loans transferred (Years) Net book value of loans transferred (at the time of transfer) 625.94 4.42 Agg regate consideration 709.55 54.10 Additional consideration realized in respect of accounts transferred in eadier years 105.34", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 8, "section": "Sale of Loans:\na. The Bank has not transferred any Special Mention Account (SMA) and loans which are not in\ndefault.\nb. Details of non-performi\nassets (NPAs) transferred are as follows", "subsection": "Particulars\n(Allamounts in { Crore)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ff23792638032379"}, {"chunk_id": "f921225dc0755dbe", "content": "The quantum of excess provision reversed to the Profit and Loss Account is respect of above NPAs sold is NlL. c. The Security Receipts other than those guaranteed by Government of lndia are fully provided for and hence the book value is nil across various categories of ratings assigned to Security Receipts by the Credit Rating Agencies as on 30th September 2025.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 8, "section": "The quantum of excess provision reversed to the Profit and Loss Account is respect of above\nNPAs sold is NlL.\nc. The Security Receipts other than those guaranteed by Government of lndia are fully provided for\nand hence the book value is nil across various categories of ratings assigned to Security Receipts\nby the Credit Rating Agencies as on 30th September 2025.", "subsection": "Particulars\n(Allamounts in { Crore)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1a14ed9aff705b03"}, {"chunk_id": "53703c7e6fa08e81", "content": "Purchase of Loans: a. The Bank has not acquired any stressed loan during the half year ended on 30th September 2025. b. The Bank has purchased homogeneous loan assets which are not in default from NBFCs/HFCs/MFls under Direct Assignment Route covered under Transfer of Loan Exposure. c. During the half year ended 30th September 2025, the Bank has purchased secured & unsecured SME loans and Agri (ABU) loans. d. Details of loans not in default acquired (domestic) through assignment during the half year ended 30th September 2025, are given below: From SCB, RRBs, UCBs, SICBS, DCCBS, AIFIS, SFBs and NBFCs including Housing Finance Companies (HFCs)", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 8, "section": "Purchase of Loans:\na. The Bank has not acquired any stressed loan during the half year ended on 30th September 2025.\nb. The Bank has purchased homogeneous loan assets which are not in default from\nNBFCs/HFCs/MFls under Direct Assignment Route covered under Transfer of Loan Exposure.\nc. During the half year ended 30th September 2025, the Bank has purchased secured & unsecured\nSME loans and Agri (ABU) loans.\nd. Details of loans not in default acquired (domestic) through assignment during the half year ended", "subsection": "Particulars\n(Allamounts in { Crore)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "42e73fe5c6ea5508"}, {"chunk_id": "0f1e2a4681feb135", "content": "e. The loans acquired are not rated as these are not corporate borrowers f. Rating of pool under DirectAssignment is not mandatory, therefore as per lndustry Practice and Bank's Assignment Policy, Loss Estimates are obtained from External Rating agency. 15. The Bank has allotted 30,59,97,552 fully paid-up equity shares to the eligible Qualified lnstitutional Buyers (alBs) at an lssue Price of <817.00 per equity share of face value of {1 each (including a premium of 1816.00 per equity share), aggregating to {25,000 Crore, on 21't July 2025. Post allotment, the Paid-up Equity Share Capital of the Bank increased from <892.46 Crore to t923.06 Crore comprising of 923,06,17,586 equity shares of face value {1 each. 16. Pursuant to Gazette Notification No. CG-DL-E-07042025-262329 dated 5th April 2025, the following Regional Rural Banks (RRBs), sponsored by State Bank of lndia, have been amalgamated and the sponsor bank has been changed in respect of five RRBs with effect from 1\" May 2025.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 9, "section": "e. The loans acquired are not rated as these are not corporate borrowers\nf. Rating of pool under DirectAssignment is not mandatory, therefore as per lndustry Practice and\nBank's Assignment Policy, Loss Estimates are obtained from External Rating agency.", "subsection": "15. The Bank has allotted 30,59,97,552 fully paid-up equity shares to the eligible Qualified lnstitutional\nBuyers (alBs) at an lssue Price of <817.00 per equity share of face value of {1 each (including a\npremium of 1816.00 per equity share), aggregating to {25,000 Crore, on 21't July 2025. Post\nallotment, the Paid-up Equity Share Capital of the Bank increased from <892.46 Crore to t923.06\nCrore comprising of 923,06,17,586 equity shares of face value {1 each.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8a4be9afaa1154e1"}, {"chunk_id": "7ce7a099a8ef9ff1", "content": "a. RRBs where State Bank of lndia ceased to be the sponsor bank (stake transferred): The following five RRBs, earlier sponsored by the State Bank of lndia, have been amalgamated and their sponsorship has been transferred to other banks. The Bank has offloaded its entire stake of <1,085.94 Crore (face value) in these five RRBs. Name of Transferor RRB New Name after Amalgamation New Sponsor Bank Andhra Pradesh Grameena Vikas Bank Andhra Pradesh Grameena Bank Union Bank of lndia Saurashtra Gramin Bank Gujarat Gramin Bank Bank of Baroda", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 9, "section": "a. RRBs where State Bank of lndia ceased to be the sponsor bank (stake transferred): The\nfollowing five RRBs, earlier sponsored by the State Bank of lndia, have been amalgamated and\ntheir sponsorship has been transferred to other banks. The Bank has offloaded its entire stake of\n<1,085.94 Crore (face value) in these five RRBs.", "subsection": "15. The Bank has allotted 30,59,97,552 fully paid-up equity shares to the eligible Qualified lnstitutional\nBuyers (alBs) at an lssue Price of <817.00 per equity share of face value of {1 each (including a\npremium of 1816.00 per equity share), aggregating to {25,000 Crore, on 21't July 2025. Post\nallotment, the Paid-up Equity Share Capital of the Bank increased from <892.46 Crore to t923.06\nCrore comprising of 923,06,17,586 equity shares of face value {1 each.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2e6fba1d575cb97c"}, {"chunk_id": "759f6a6cc2993195", "content": "17. lnvestor's complaints received and disposed off during the quarterended on 30th September2025 are: Particulars Number of Complaints a. Pending at beginning of the quarter Nit b. Received during the quarter bo c. Disposed during the quarter 66 d. Unresolved at the end of the quarter Nit 18. The figures for the quarter ended 30th September 2025 are the balancing figures between the figures as per the reviewed financial statements for the half year ended 30th September 2025 and the published figures for the quarter ended 30th June 2025. 19. Previous period/year figures have been regrouped / reclassified, wherever necessary, to conform to current period classifi cation.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 10, "section": "P \\\"\nK\nA,", "subsection": "17. lnvestor's complaints received and disposed off during the quarterended on 30th September2025\nare:\nParticulars\nNumber of Complaints\na. Pending at beginning of the quarter\nNit\nb. Received during the quarter\nbo\nc. Disposed during the quarter\n66\nd. Unresolved at the end of the quarter\nNit", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "360e97b907e01ea4"}, {"chunk_id": "974754cdd2faced3", "content": "For Vinod Kumar & Associates Chartered Accountants FRN: 002304N (VA)t\" ForRGNPrice&Co. Chartered Accountants FRN: 0027855 For Rama K Gupta & Co. Accountants N:005005C CA Mukesh Dadhich Partner: M. No. 511741 CA P.M. Veeramani Partner: M. No. 023933 CA r Gupta Partner: M. No.087679 For Varma & Varma Chartered FRN For Gopal Sharma & Go. Chartered Accountants FRN:002803C ForBCJain&Co. Chartered Accountants FRN:001099C -1", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 11, "section": "For Vinod Kumar & Associates\nChartered Accountants\nFRN: 002304N\n(VA)t\"", "subsection": "ForBCJain&Co.\nChartered Accountants\nFRN:001099C\n-1", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "35a136ff3deb7f55"}, {"chunk_id": "f50f21cbdde3484e", "content": "1. The above consolidated financial results for the quarter and half year ended 30th September 2025 have been drawn from Consolidated Financial Statements prepared in accordance with Accounting Standard (AS) 25 \"lnterim Financial Reporting\", the relevant provisions of the Banking Regulation Act 1949, the circulars, guidelines and directions issued by the Reserve Bank of lndia (RBl), lnsurance Regulatory and Development Authority of lndia (lRDAl), Pension Fund Regulatory and Development Authority (PFRDA), SEBI (Mutual Funds) Regulations, 1996 from time to time and other Accounting Standards issued by lnstitute of Chartered Accountants of lndia (lCAt) and as per the requirements of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended).", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 12, "section": "1. The above consolidated financial results for the quarter and half year ended 30th September\n2025 have been drawn from Consolidated Financial Statements prepared in accordance with\nAccounting Standard (AS) 25 \"lnterim Financial Reporting\", the relevant provisions of the\nBanking Regulation Act 1949, the circulars, guidelines and directions issued by the Reserve\nBank of lndia (RBl), lnsurance Regulatory and Development Authority of lndia (lRDAl),\nPension Fund Regulatory and Development Authority (PFRDA), SEBI (Mutual Funds)\nRegulations, 1996 from time to time and other Accounting Standards issued by lnstitute of\nChartered Accountants of lndia (lCAt) and as per the requirements of SEBI (Listing\nObligations and Disclosure Requirements) Regulations, 2015 (as amended).", "subsection": "FoTSGCO&Co.LLP\nChartered Accountants\nFRN: 112081WA/V100184", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "178550fb700f997a"}, {"chunk_id": "f70869e0927b7304", "content": "2. The above consolidated financial results for the quarter and half year ended 30th September 2025 have been reviewed by the Audit Committee of the Board at its meeting held on 3'd November 2025 and approved by the Board of Directors at its meeting held on 4th November 2025.These consolidated financial results have been subject to Limited Review by the Statutory Central Auditor of the Bank. 3. The above consolidated financial results for the quarter and half year ended 30th September 2025 have been arrived at after considering necessary provisions for Non-Performing Assets (NPAs), Standard Assets, Standard Derivative Exposures, Restructured Assets, Non- Performing lnvestments, Contingencies, Employee Benefits, Direct Taxes (after adjustment for Deferred Tax) and other assets / items (based on estimates).", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 12, "section": "2. The above consolidated financial results for the quarter and half year ended 30th September\n2025 have been reviewed by the Audit Committee of the Board at its meeting held on\n3'd November 2025 and approved by the Board of Directors at its meeting held on\n4th November 2025.These consolidated financial results have been subject to Limited Review\nby the Statutory Central Auditor of the Bank.", "subsection": "FoTSGCO&Co.LLP\nChartered Accountants\nFRN: 112081WA/V100184", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "a359af71ab845da5"}, {"chunk_id": "c55eb276ff5ba6bf", "content": "4. Other income of SBI Group includes commission from non-fund based activities, fee income, earnings from foreign exchange and derivative transactions, profit or loss on sale / revaluation of investments, dividend from associates, insurance premium income and recoveries made in written-off accounts. 5. There is no change in the Significant Accounting Policies adopted for the quarter and half year ended 30th September 2025 as compared to those followed in the previous financial year ended 31st March 2025. 6. The above consolidated financial results of State Bank of lndia ('SBl' or 'the Bank') include the results of SBI and its 27 Subsidiaries, 8 Joint Ventures and 17 Associates (including 14 Regional Rural Banks) from/upto respective date of their amalgamation / exit during the period, referred to as the \"Group\".", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 12, "section": "4. Other income of SBI Group includes commission from non-fund based activities, fee\nincome, earnings from foreign exchange and derivative transactions, profit or loss on sale /\nrevaluation of investments, dividend from associates, insurance premium income and\nrecoveries made in written-off accounts.", "subsection": "FoTSGCO&Co.LLP\nChartered Accountants\nFRN: 112081WA/V100184", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ef614849712e2c4c"}, {"chunk_id": "102c88344a2f381f", "content": "7. Pursuant to regulatory approval obtained from the Reserve Bank of lndia, SBI has divested its entire 14.96% stake comprising 7,90,80,000 equity shares in Jio Payments Bank Ltd to its joint venture partner, Jio Financial Services Ltd. (JFSL), on 18th June 2025. Following this disinvestment, Jio Payments Bank Ltd. is no longer a group company of SBI and is considered as jointly controlled entity only up to 17th June 2025 in Consolidated Financial Statements of SBl.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 12, "section": "7. Pursuant to regulatory approval obtained from the Reserve Bank of lndia, SBI has divested\nits entire 14.96% stake comprising 7,90,80,000 equity shares in Jio Payments Bank Ltd to its\njoint venture partner, Jio Financial Services Ltd. (JFSL), on 18th June 2025. Following this\ndisinvestment, Jio Payments Bank Ltd. is no longer a group company of SBI and is\nconsidered as jointly controlled entity only up to 17th June 2025 in Consolidated Financial\nStatements of SBl.", "subsection": "FoTSGCO&Co.LLP\nChartered Accountants\nFRN: 112081WA/V100184", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d7bbf3d888f1e525"}, {"chunk_id": "55e549855353b379", "content": "8. Pursuant to exercise of options under the approved Employee Stock Option Plan (ESOP), following group entities have issued equity shares to their eligible employees: - D \\ N k SBI Cards and Payment Services Limited has allotted 1,90,550 equity shares of {10 each during the half year ended 30th September 2025. Consequently, the stake of SBI in SBI Cards and Payment Services Limited has reduced from 68.60% to 68.59%. SBI Life lnsurance Company Limited has allotted 4,32,919 equity shares of {10 each during the half year ended 30th September 2025. Consequently, the stake of SBI in SBI Life lnsurance Company Limited has reduced from 55.38% to 55.36%.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 13, "section": "8. Pursuant to exercise of options under the approved Employee Stock Option Plan (ESOP),\nfollowing group entities have issued equity shares to their eligible employees: -\nD\n\\\nN\nk", "subsection": "SBI Life lnsurance Company Limited has allotted 4,32,919 equity shares of {10 each\nduring the half year ended 30th September 2025. Consequently, the stake of SBI in SBI\nLife lnsurance Company Limited has reduced from 55.38% to 55.36%.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3a45f4e98da053e1"}, {"chunk_id": "ff669f0a316dab71", "content": "lll. SBI Funds Management Limited has allotted 6,23,269 equity shares of t1 each during the half year ended 30th September 2025. Consequently, the stake of SBI in SBI Funds Management Limited has reduced from 61.98% to 61.91o/o and the stake of SBI Group in SBI Funds [vlanagement (lnternational) Private Limited & SBI Funds lnternational (IFSC) Limited has reduced from 61.98% to 61.91o/o dnd stake of SBI Group in SBI Pension Funds Private Limited has reduced from 92.40o/o to 92.38o/o. lV. SBI General lnsurance Company Limited has allotted 75,363 equity shares of {10 each during the half year ended 30th September 2025.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 13, "section": "lll. SBI Funds Management Limited has allotted 6,23,269 equity shares of t1 each during the\nhalf year ended 30th September 2025. Consequently, the stake of SBI in SBI Funds\nManagement Limited has reduced from 61.98% to 61.91o/o and the stake of SBI Group in\nSBI Funds [vlanagement (lnternational) Private Limited & SBI Funds lnternational (IFSC)\nLimited has reduced from 61.98% to 61.91o/o dnd stake of SBI Group in SBI Pension\nFunds Private Limited has reduced from 92.40o/o to 92.38o/o.\nlV. SBI General lnsurance Company Limited has allotted 75,363 equity shares of {10 each\nduring the half year ended 30th September 2025.", "subsection": "SBI Life lnsurance Company Limited has allotted 4,32,919 equity shares of {10 each\nduring the half year ended 30th September 2025. Consequently, the stake of SBI in SBI\nLife lnsurance Company Limited has reduced from 55.38% to 55.36%.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b91aff74034ee348"}, {"chunk_id": "f452f1c44383d63e", "content": "9. Pursuant to regulatory approval obtained from the Reserve Bank of lndia and the lnsurance Regulatory and Development Authority of lndia (lRDAI), SBI acquired an additional 4.925o/o equity stake in SBI General lnsurance Company Ltd on 19th August2025. Consequent to this acquisition and issuance of equity shares under ESOP scheme as mentioned in point no. 8(lV), the stake of SBI in SBI General lnsurance Company Limited has increased from 68.99% to 73.89% as on 30th September 2025.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 13, "section": "9. Pursuant to regulatory approval obtained from the Reserve Bank of lndia and the lnsurance\nRegulatory and Development Authority of lndia (lRDAI), SBI acquired an additional 4.925o/o\nequity stake in SBI General lnsurance Company Ltd on 19th August2025. Consequent to\nthis acquisition and issuance of equity shares under ESOP scheme as mentioned in point\nno. 8(lV), the stake of SBI in SBI General lnsurance Company Limited has increased from\n68.99% to 73.89% as on 30th September 2025.", "subsection": "SBI Life lnsurance Company Limited has allotted 4,32,919 equity shares of {10 each\nduring the half year ended 30th September 2025. Consequently, the stake of SBI in SBI\nLife lnsurance Company Limited has reduced from 55.38% to 55.36%.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "073e121e8fa8c734"}, {"chunk_id": "e641bf9e50553618", "content": "10. Pursuant to regulatory approval obtained from the Reserve Bank of lndia, SBI divested 13.18o/o of its equity shareholding in Yes Bank Limited, comprising 4,13,44,04,897 equity shares, on 17th September 2025. The said divestment resulted in a profit of 13,026.57 Crore (net of adjustments as per Accounting Standards 23 - 'Accounting for lnvestments in Associates in Consolidated Financial Statements') which has been recognised in the Consolidated Profit and Loss Account as \"Exceptional ltems\". Consequent to the aforesaid transaction and issuance of equity shares under ESOP scheme as mentioned in point no. 8(V), the stake of SBI in Yes Bank Ltd. has reduced from 23.97o/o to 10.78o/o as on 30th September 2025 and continues to be classified as an Associate.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 13, "section": "10. Pursuant to regulatory approval obtained from the Reserve Bank of lndia, SBI divested\n13.18o/o of its equity shareholding in Yes Bank Limited, comprising 4,13,44,04,897 equity\nshares, on 17th September 2025. The said divestment resulted in a profit of 13,026.57 Crore\n(net of adjustments as per Accounting Standards 23 - 'Accounting for lnvestments in\nAssociates in Consolidated Financial Statements') which has been recognised in the\nConsolidated Profit and Loss Account as \"Exceptional ltems\". Consequent to the aforesaid\ntransaction and issuance of equity shares under ESOP scheme as mentioned in point no.\n8(V), the stake of SBI in Yes Bank Ltd. has reduced from 23.97o/o to 10.78o/o as on\n30th September 2025 and continues to be classified as an Associate.", "subsection": "SBI Life lnsurance Company Limited has allotted 4,32,919 equity shares of {10 each\nduring the half year ended 30th September 2025. Consequently, the stake of SBI in SBI\nLife lnsurance Company Limited has reduced from 55.38% to 55.36%.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cca4b2e27ae739da"}, {"chunk_id": "313534067855dd4a", "content": "11. The Bank has allotted 30,59,97,552 fully paid-up equity shares to eligible Qualified lnstitutional Buyers (QlBs) at an lssue Price of <817.00 per equity share of face value of {1 each (including a premium of 1816.00 per equity share), aggregating to t25,000 Crore, on 21't July 2025. Post allotment, the Paid-up Equity Share Capital of the Bank increased from <892.46 Crore to 1923.06 Crore comprising of 923,06,17,586 equity shares of face value {1 each. 12. Pursuant to Gazette Notification No. CG-DL-E-07042025-262329 dated Sth April 2025, the following Regional Rural Banks (RRBs) sponsored by the State Bank of lndia and RRBs sponsored by other banks have been amalgamated from lstN/lay 2025.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 13, "section": "11. The Bank has allotted 30,59,97,552 fully paid-up equity shares to eligible Qualified\nlnstitutional Buyers (QlBs) at an lssue Price of <817.00 per equity share of face value of {1\neach (including a premium of 1816.00 per equity share), aggregating to t25,000 Crore, on\n21't July 2025. Post allotment, the Paid-up Equity Share Capital of the Bank increased from\n<892.46 Crore to 1923.06 Crore comprising of 923,06,17,586 equity shares of face value\n{1 each.", "subsection": "SBI Life lnsurance Company Limited has allotted 4,32,919 equity shares of {10 each\nduring the half year ended 30th September 2025. Consequently, the stake of SBI in SBI\nLife lnsurance Company Limited has reduced from 55.38% to 55.36%.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cdc3a8ef0aa8849c"}, {"chunk_id": "abf485769b05c0ae", "content": "a) The details of amalgamation of RRBs, where the transferee RRBs are not sponsored by SBI are as below: q Sr. No. Name of transferor RRBs Sponsor Bank of transferor RRBs New Name after Amalgamation of RRBs Sponsor Bank of transferee RRBs 1 Andhra Pradesh Grameena Vikas Bank State Bank of lndia Andhra Pradesh Grameena Bank Union Bank of lndia Chaitanya Godavari Grameena Bank Union Bank of lndia Andhra Pragathi Grameena Bank Canara Bank Saptagiri Grameena Bank lndian Bank 2 Saurashtra Gramin Bank State Bank of lndia Gujarat Gramin Bank Bank of Baroda Baroda Guiarat Gramin Bank Bank of Baroda The Jammu and Kashmir Bank Ltd. J&KGrameenBank The Jammu and Kashmir Bank Ltd. 4 Madhyanchal Gramin Bank State Bank of lndia lMadhya Pradesh Gramin Bank Bank of lndia Madhya Pradesh Gramin Bank Bank of lndia 3 Ellaquai Dehati Bank State Bank of lndia Jammu and Kashmir Grameen Bank 5 Utkal Grameen Bank State Bank of lndia Odisha Grameen Bank lndian Overseas Bank Odisha Gramya Bank lndian Overseas Bank By virtue of above notification, the transfer of stake of Sponsor Banks has taken place at face value of the shares. Accordingly, in consolidated profit and loss account, SBI has debited <669.50 Crore (net) towards reversal of difference between the carrying value of investment (net of provision) and face value of investment in these five RRBs. b) The details of amalgamation of RRBs, where the transferee RRB is sponsored by SBI are as below: Sr. No. Sponsor Bank of transferor RRBs New Name after Amalgamation of RRBs Name of transferor RRBs Sponsor Bank of transferee RRBs 1", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 14, "section": "a) The details of amalgamation of RRBs, where the transferee RRBs are not sponsored by\nSBI are as below:\nq", "subsection": "By virtue of above notification, the transfer of stake of Sponsor Banks has taken place at face\nvalue of the shares. Accordingly, in consolidated profit and loss account, SBI has debited\n<669.50 Crore (net) towards reversal of difference between the carrying value of investment\n(net of provision) and face value of investment in these five RRBs.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "de3f0bc7c1eef54d"}, {"chunk_id": "1f8266169e4b3da1", "content": "13. SBI has revalued its freehold immovable properties on 1't Aprrl 2025 (earlier revalued in financial yeat 2022-2023) based on valuation reports obtained from empaneled independent valuers. the net revaluation surplus amounting to t7,288.81 Crore has been credited to Revaluation Reserve. 14. The figures for the quarter ended 30th September 2025 are the balancing figures between the figures as per the reviewed financial statements for the half year ended 30th September 2025 and the published figures for the quarter ended 30th June 2025.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 14, "section": "13. SBI has revalued its freehold immovable properties on 1't Aprrl 2025 (earlier revalued in\nfinancial yeat 2022-2023) based on valuation reports obtained from empaneled\nindependent valuers. the net revaluation surplus amounting to t7,288.81 Crore has been\ncredited to Revaluation Reserve.", "subsection": "By virtue of above notification, the transfer of stake of Sponsor Banks has taken place at face\nvalue of the shares. Accordingly, in consolidated profit and loss account, SBI has debited\n<669.50 Crore (net) towards reversal of difference between the carrying value of investment\n(net of provision) and face value of investment in these five RRBs.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "588a36ed4c82663e"}, {"chunk_id": "96ee3de8175f5e18", "content": "15. ln accordancewith current RBI guidelines, thegeneral clarification issued by lCAl has been considered in the preparation of the consolidated financial results. Accordingly, additional statutory information disclosed in separate financial statements of the parent and its q subsidiaries having no bearing on the true and fair view of the consolidated financial results and also the information pertaining to the items which are not material have not been disclosed in the consolidated financial statements in view of the Accounting Standard lnterpretation issued by lCAl. 16. Previous period/ year figures have been regrouped/ reclassified, wherever necessary, to conform to current period classification.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 15, "section": "15. ln accordancewith current RBI guidelines, thegeneral clarification issued by lCAl has been\nconsidered in the preparation of the consolidated financial results. Accordingly, additional\nstatutory information disclosed in separate financial statements of the parent and its\nq", "subsection": "subsidiaries having no bearing on the true and fair view of the consolidated financial results\nand also the information pertaining to the items which are not material have not been\ndisclosed in the consolidated financial statements in view of the Accounting Standard\nlnterpretation issued by lCAl.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "96fa974029752deb"}, {"chunk_id": "3aca6eb4a15c25da", "content": "Moh Rana Ash nay M. Tonse As umar Tewari ng Managing Di Managing Director (RB & o) ing Director (tB, GM & T) (R, C & SARG) idiaries) Rama Ma Rao Amara Director In terms of our Report of even date For Ravi Rajan & Co LLP Chartered Accountants FRN 009073N / N500320 CA Sumit Kumar Partner M. No.512555 Place: Mumbai Date: 4th November 2025", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 15, "section": "Moh\nRana Ash\nnay M. Tonse As\numar Tewari\nng\nManaging Di\nManaging Director\n(RB & o)\ning Director\n(tB, GM & T)\n(R, C & SARG)\nidiaries)", "subsection": "subsidiaries having no bearing on the true and fair view of the consolidated financial results\nand also the information pertaining to the items which are not material have not been\ndisclosed in the consolidated financial statements in view of the Accounting Standard\nlnterpretation issued by lCAl.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "f3be5a27de5aa196"}, {"chunk_id": "b885e83f9582e83c", "content": "lndependent Auditors' Review Report on the Unaudited Standalone Financial Results of State Bank of !ndia for the quarter and half year ended September 30, 2025 pursuant to the Regulation 33 and Regulation 52 read with Regulation 63(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 16, "section": "lndependent Auditors' Review Report on the Unaudited Standalone Financial Results of State Bank\nof !ndia for the quarter and half year ended September 30, 2025 pursuant to the Regulation 33 and\nRegulation 52 read with Regulation 63(2) of the SEBI (Listing Obligations and Disclosure\nRequirements) Regulations, 2015 (as amended)", "subsection": "subsidiaries having no bearing on the true and fair view of the consolidated financial results\nand also the information pertaining to the items which are not material have not been\ndisclosed in the consolidated financial statements in view of the Accounting Standard\nlnterpretation issued by lCAl.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ae3c14d5686da2b7"}, {"chunk_id": "e504c3f07ce867db", "content": "We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of State Bank of lndia ('the Bank') for the quarter and half year ended September 30,2025 ('the Statement') attached herewith, being submitted by the Bank pursuant to the requirements of Regulation 33 and Regulation 52 read with Regulation 63(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('LODR Regulations') except for the disclosures relating to Pillar 3 disclosure under Basel lll Capital Regulations, Leverage Ratio, Liquidity Coverage Ratio and Net Stable Funding ratio as disclosed on the Bank's website and in respect of which a link has been provided in the Statement and have not been reviewed by us.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 16, "section": "We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of State\nBank of lndia ('the Bank') for the quarter and half year ended September 30,2025 ('the Statement')\nattached herewith, being submitted by the Bank pursuant to the requirements of Regulation 33 and\nRegulation 52 read with Regulation 63(2) of the SEBI (Listing Obligations and Disclosure\nRequirements) Regulations, 2015, as amended ('LODR Regulations') except for the disclosures\nrelating to Pillar 3 disclosure under Basel lll Capital Regulations, Leverage Ratio, Liquidity Coverage\nRatio and Net Stable Funding ratio as disclosed on the Bank's website and in respect of which a\nlink has been provided in the Statement and have not been reviewed by us.", "subsection": "subsidiaries having no bearing on the true and fair view of the consolidated financial results\nand also the information pertaining to the items which are not material have not been\ndisclosed in the consolidated financial statements in view of the Accounting Standard\nlnterpretation issued by lCAl.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b8c698d8f551c3d3"}, {"chunk_id": "d408aadddd6a4354", "content": "2. The Statement, which is the responsibility of the Bank's Management and has been approved by the Bank's Board of Directors, has been prepared by the Bank's Management in accordance with the recognition and measurement principles laid down in Accounting Standard 25'lnterim Financial Reporting' (AS 25) issued by the lnstitute of Chartered Accountants of lndia, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve bank of lndia ('RBl') from time to time ('the RBI Guidelines') and other accounting principles generally accepted in lndia. Our responsibility is to express a conclusion on the Statement based on our review. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 \"Review of lnterim Financial lnformation Performed by the lndependent Auditor of the Entity\", issued by the lnstitute of Chartered Accountants of lndia. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 17, "section": "2.\nThe Statement, which is the responsibility of the Bank's Management and has been approved by\nthe Bank's Board of Directors, has been prepared by the Bank's Management in accordance with\nthe recognition and measurement principles laid down in Accounting Standard 25'lnterim Financial\nReporting' (AS 25) issued by the lnstitute of Chartered Accountants of lndia, the relevant\nprovisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by\nthe Reserve bank of lndia ('RBl') from time to time ('the RBI Guidelines') and other accounting\nprinciples generally accepted in lndia. Our responsibility is to express a conclusion on the\nStatement based on our review.", "subsection": "subsidiaries having no bearing on the true and fair view of the consolidated financial results\nand also the information pertaining to the items which are not material have not been\ndisclosed in the consolidated financial statements in view of the Accounting Standard\nlnterpretation issued by lCAl.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bcbbbf8f5b20315a"}, {"chunk_id": "9cf2c6a60bd2c094", "content": "procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. The financial results include the relevant returns of 20 branches, Central Accounts Office and Global Market Unit reviewed by us and 15 foreign branches reviewed by the Local Auditors of the Foreign Branches, specifically appointed for this purpose. These review reports cover Rs.13,10,212.29 Crore of the advances portfolio of the Bank and Rs.1 ,695.33 Crore of the non-performing assets of the Bank. Apart from these, the financial results also include un-reviewed returns in respect of 25736 branches & Offices. We have also relied upon various information and returns of these un-reviewed branches. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement of unaudited standalone financial results including notes thereon prepared in accordance with applicable accounting standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015, including the", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 17, "section": "2.\nThe Statement, which is the responsibility of the Bank's Management and has been approved by\nthe Bank's Board of Directors, has been prepared by the Bank's Management in accordance with\nthe recognition and measurement principles laid down in Accounting Standard 25'lnterim Financial\nReporting' (AS 25) issued by the lnstitute of Chartered Accountants of lndia, the relevant\nprovisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by\nthe Reserve bank of lndia ('RBl') from time to time ('the RBI Guidelines') and other accounting\nprinciples generally accepted in lndia. Our responsibility is to express a conclusion on the\nStatement based on our review.", "subsection": "subsidiaries having no bearing on the true and fair view of the consolidated financial results\nand also the information pertaining to the items which are not material have not been\ndisclosed in the consolidated financial statements in view of the Accounting Standard\nlnterpretation issued by lCAl.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bcbbbf8f5b20315a"}, {"chunk_id": "336069303c23ed3d", "content": "manner in which it is to be disclosed, or that it contains any material misstatement or that it has not been prepared in accordance with the relevant guidelines / prudential norms issued by the Reserve Bank of lndia in respect of income recognition, asset classification, provisioning and other related matters. For Ravi Rajan & Co. LLP. Chartered Accountants FRN: 009073N / N500320 For Gokhale & Sathe Chartered Accountants FRN:103264 CA Sumit Kumar Partner: M. No.512555 UDIN: 2551 2555BMNPUU6291 CA hu lekar Partner: M. No. 129389 CA Shalabh Kumar Daga Partner: M. No. 401428 UDI N : 25401 4288M IAPN9 1 23 U Dt N. 251293898MJ tYM5447 For Vinod Kumar & Associates Chartered Accountants FRN:002304N ForRGNPrice&Co. Chartered Accountants FRN: 0027855 For Rama K Gupta & Co. red Accountants 005005c", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 17, "section": "manner in which it is to be disclosed, or that it contains any material misstatement or that it has\nnot been prepared in accordance with the relevant guidelines / prudential norms issued by the", "subsection": "ForRGNPrice&Co.\nChartered Accountants\nFRN: 0027855", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8362bb177ad11bc1"}, {"chunk_id": "a1d35a524b223e00", "content": "R Prasanna Varma Partner: M. No.025854 CA Abhishek Sharma Partner: M. No.079224 CA Kunal Jain Partner: M. No.432780 U Dl N : 250258548M OBLP8739 U Dl N : 2507 92248M LYGK2670 U Dl N : 254327 80BM M LXK4356 ForOPBagla&Co.LLP Chartered FRN 1 FoTSGCO&Go.LLP Chartered Accountants U Dl N : 2551 08418M NYHQ2755 Partner: M. No.044739 U Dl N : 250447 39BM LAPD8025 Place: Mumbai Date: 4h November 2025", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 17, "section": "ftt t*;t l'-'", "subsection": "FoTSGCO&Go.LLP\nChartered Accountants", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bd6ae061fc519615"}, {"chunk_id": "eddbe1b38ae74881", "content": "Rovi Roion & Co. LLP Chortered Accountonts tndependent Auditor's Review Report on Consolidated Unaudited Financia! Results of State Bank of lndia for the quarter and half year ended September 30, 2025 pursuant to the Regulation 33 and Regutation 52 read with Regulation 63(2) of the SEB! (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The Board of Directors State Bank of lndia, State Bank Bhavan, Madame Cama Road, Mumbai - 400021", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 18, "section": "Rovi Roion & Co. LLP\nChortered Accountonts\ntndependent Auditor's Review Report on Consolidated Unaudited Financia! Results of State Bank\nof lndia for the quarter and half year ended September 30, 2025 pursuant to the Regulation 33 and\nRegutation 52 read with Regulation 63(2) of the SEB! (Listing Obligations and Disclosure\nRequirements) Regulations, 2015, as amended.", "subsection": "FoTSGCO&Go.LLP\nChartered Accountants", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e326d8710166dbf9"}, {"chunk_id": "df905751e392c92c", "content": "1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of State Bank of lndia (\"the Bank\") and its subsidiaries (the Bank and its subsidiaries together referred to as \"the Group\"), its joint ventures and its share of the net profiU(loss) after tax of its associates for the quarter and half year ended September 30, 2025 (\"the Statement\"), being submitted by the Bank pursuant to the requirement of Regulation 33 and 52 read with Regulation 63(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (\"LODR Regulations\") except for the disclosures relating to consolidated Pillar 3 disclosure as at September 30, 2025, including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel lll Capital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in the Statement and have not been reviewed by us.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 18, "section": "1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of State\nBank of lndia (\"the Bank\") and its subsidiaries (the Bank and its subsidiaries together referred to as\n\"the Group\"), its joint ventures and its share of the net profiU(loss) after tax of its associates for the\nquarter and half year ended September 30, 2025 (\"the Statement\"), being submitted by the Bank\npursuant to the requirement of Regulation 33 and 52 read with Regulation 63(2) of the SEBI (Listing\nObligations and Disclosure Requirements) Regulations, 2015, as amended (\"LODR Regulations\")\nexcept for the disclosures relating to consolidated Pillar 3 disclosure as at September 30, 2025,\nincluding leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel lll Capital\nRegulations as have been disclosed on the Bank's website and in respect of which a link has been\nprovided in the Statement and have not been reviewed by us.", "subsection": "FoTSGCO&Go.LLP\nChartered Accountants", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "82453c1d768fefeb"}, {"chunk_id": "81d7e630f84397a0", "content": "2. This Statement, which is the responsibility of the Bank's Management and approved by the Bank's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Accounting Standard 25 \"lnterim Financial Reporting\" ('AS 25'), issued by the lnstitute of Chartered Accountants of lndia, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bank of lndia (RBl) from time to time (\"RBl Guidelines\") and other accounting principles generally accepted in lndia. Our responsibility is to express a conclusion on the Statement based on our review.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 18, "section": "2. This Statement, which is the responsibility of the Bank's Management and approved by the Bank's\nBoard of Directors, has been prepared in accordance with the recognition and measurement principles\nlaid down in Accounting Standard 25 \"lnterim Financial Reporting\" ('AS 25'), issued by the lnstitute of\nChartered Accountants of lndia, the relevant provisions of the Banking Regulation Act, 1949, the\ncirculars, guidelines and directions issued by the Reserve Bank of lndia (RBl) from time to time (\"RBl\nGuidelines\") and other accounting principles generally accepted in lndia. Our responsibility is to\nexpress a conclusion on the Statement based on our review.", "subsection": "FoTSGCO&Go.LLP\nChartered Accountants", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "732d64b34fc57520"}, {"chunk_id": "7e7cde1bb598edb5", "content": "3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 \"Review of lnterim Financial lnformation Performed by the lndependentAuditorof the Entity\", issued by the lnstitute of Chartered Accountants of lndia. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8)of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 18, "section": "3. We conducted our review of the Statement in accordance with the Standard on Review Engagements\n(SRE) 2410 \"Review of lnterim Financial lnformation Performed by the lndependentAuditorof the\nEntity\", issued by the lnstitute of Chartered Accountants of lndia. A review of interim financial information\nconsists of making inquiries, primarily of persons responsible for financial and accounting matters, and\napplying analytical and other review procedures. A review is substantially less in scope than an audit\nconducted in accordance with Standards on Auditing and consequently does not enable us to obtain\nassurance that we would become aware of all significant matters that might be identified in an audit.\nAccordingly, we do not express an audit opinion.", "subsection": "FoTSGCO&Go.LLP\nChartered Accountants", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "50fc309b6dec6425"}, {"chunk_id": "4b05ca150b44ba54", "content": "4. The Statement includes the results of the following entities: Sr. No. Name of Subsidiary Sr. No. Name of Subsidiary 1 SBI Capital Markets Ltd 15 State Bank Operations Support Services Pvt. Ltd. 2 SBICAP Securities Ltd. 16 SBI CDMDF Trustee Pvt. Lt 505-A, 5th Floor, Rectangie 1, District Centre, Saket, New Delhi - 110 017 Phone : +91-11-40548860-62, ravirajan@sravigroup.com, ravirajan.co@gmail.com Web :www.ravrra1an co rn (Ravi Rajan & Co LLP is a Limited Liability Partnership with LLP identity No AAP-334 Sr. No. Name of Subsidiary Sr. No. Name of Subsidiary 3 SBICAP Trustee Company Ltd 17 SBI Funds Management (lnternational) 4 SBI Ventures Ltd 18 Commercial lndo Bank Llc, Moscow 6 SBI Factors Ltd. (Formerly known as SBI Global Factors Ltd.) 20 State Bank of India (California) 5 SBI DFHI Ltd. 19 SBI Canada Bank 7 SBI Mutual Fund Trustee Company Pvt Ltd. 21 State Bank of lndia (UK) Limited 8 SBI Payment Services Pvt. Ltd 22 State Bank of lndia Servicos Limitada 9 SBI Pension Funds Pvt Ltd 23 SBI (Mauritius) Ltd 10 SBI Life lnsurance Company Ltd 24 PT Bank SBI lndonesia 11 SBI General lnsurance Company Ltd. 25 Nepal SBI Bank Ltd 12 SBI Cards and Payment Services Limited 26 Nepal SBI Merchant Banking Limited 13 SBI-SG Global Securities Services Pvt. Ltd. 27 SBI Funds lnternational (IFSC) Limited 14 SBI Funds Management Ltd. No. Name of Joint Venture Sr. No. Name of Joint Venture 1 C - Edge Technologies Ltd 5", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 19, "section": "4. The Statement includes the results of the following entities:", "subsection": "FoTSGCO&Go.LLP\nChartered Accountants", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cc8e659d71b2f181"}, {"chunk_id": "568b44c7145b81b0", "content": "2 SBI Macquarie lnfrastructure Manasement Pvt. Ltd. b Oman lndia Joint lnvestment Fund - Manaoement Companv Pvt. Ltd. 3 SBI Macquarie I nfrastructure Trustee Pvt. Ltd. 7 Oman lndia Joint lnvestment Fund - Trustee Company Pvt. Ltd. 4 Macquarie SBI lnfrastructure Management Pte. Ltd. 8 Jio Payments Bank Ltd. (upto 17-Jun- Sr. No. Name of Associate Sr. No Name of Associate", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 19, "section": "2\nSBI Macquarie lnfrastructure\nManasement Pvt. Ltd.\nb\nOman lndia Joint lnvestment Fund -\nManaoement Companv Pvt. Ltd.\n3\nSBI Macquarie I nfrastructure\nTrustee Pvt. Ltd.\n7\nOman lndia Joint lnvestment Fund -\nTrustee Company Pvt. Ltd.\n4\nMacquarie SBI lnfrastructure\nManagement Pte. Ltd.\n8\nJio Payments Bank Ltd. (upto 17-Jun-", "subsection": "FoTSGCO&Go.LLP\nChartered Accountants", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "3b0934211b859c55"}, {"chunk_id": "f5dd4eda38259c43", "content": "1 Arunachal Pradesh Rural Bank 10 Bank of Bhutan Ltd 2 Chhattisgarh Rajya Gramin Bank 11 lnvestec Capital Services (lndia) Private Limited 3 Meohalava Rural Bank Rajasthan Gramin Bank (from 01-May-2025) 4 Mizoram Rural Bank 12 Rajasthan Marudhara Gramin Bank (upto 30- 04-2025 thereafter Amalgamated into Rajasthan Gramin Bank) 5 Nagaland Rural Bank 13 Andhra Pradesh Grameena Vikas Bank (upto 30-Apr-2025) 6 Uttarakhand Gramin Bank 14 Ellaquai Dehati Bank (upto 30-Apr-2025) 7 Jharkhand Rajya Gramin Bank 15 Madhyanchal Gramin Bank (upto 30-Apr- 2025) I Telangana Grameena Bank 16 Utkal Grameen Bank (upto 30-Aor-2025) 9 17 Yes Bank Limited Saurashtra Gramin Bank (upto 3", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 19, "section": "1\nArunachal Pradesh Rural Bank\n10\nBank of Bhutan Ltd\n2\nChhattisgarh Rajya Gramin Bank\n11\nlnvestec Capital Services (lndia) Private\nLimited\n3\nMeohalava Rural Bank\nRajasthan Gramin Bank (from 01-May-2025)\n4\nMizoram Rural Bank\n12\nRajasthan Marudhara Gramin Bank (upto 30-\n04-2025 thereafter Amalgamated into\nRajasthan Gramin Bank)\n5\nNagaland Rural Bank\n13\nAndhra Pradesh Grameena Vikas Bank (upto\n30-Apr-2025)\n6\nUttarakhand Gramin Bank\n14\nEllaquai Dehati Bank (upto 30-Apr-2025)\n7\nJharkhand Rajya Gramin Bank\n15\nMadhyanchal Gramin Bank (upto 30-Apr-\n2025)\nI\nTelangana Grameena Bank\n16\nUtkal Grameen Bank (upto 30-Aor-2025)\n9\n17\nYes Bank Limited\nSaurashtra Gramin Bank (upto 3", "subsection": "FoTSGCO&Go.LLP\nChartered Accountants", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bdfe4a25f4fdf9c9"}, {"chunk_id": "3c3c8e0e9ee56863", "content": "S. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the branch auditors and other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement including notes thereon, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Accounting Standard, RBI Guidelines and other accounting principles generally accepted in lndia, has not disclosed the information required to be disclosed in terms of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, except for the disclosures relating to consolidated Pillar 3 disclosure as at September 30,2025, including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel lll Capital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in the Statement and have not been reviewed by us, or that it contains any material misstatement or that it has not been prepared in accordance with the relevant prudential norms issued by the Reserve Bank of lndia in respect of income recognition, asset classification, provisioning and other related matters.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 20, "section": "S. Based on our review conducted and procedures performed as stated in paragraph 3 above and based\non the consideration of the review reports of the branch auditors and other auditors referred to in\nparagraph 6 below, nothing has come to our attention that causes us to believe that the accompanying\nStatement including notes thereon, prepared in accordance with the recognition and measurement\nprinciples laid down in the aforesaid Accounting Standard, RBI Guidelines and other accounting\nprinciples generally accepted in lndia, has not disclosed the information required to be disclosed in\nterms of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements)\nRegulations, 2015, as amended, including the manner in which it is to be disclosed, except for the\ndisclosures relating to consolidated Pillar 3 disclosure as at September 30,2025, including leverage\nratio, liquidity coverage ratio and net stable funding ratio under Basel lll Capital Regulations as have\nbeen disclosed on the Bank's website and in respect of which a link has been provided in the Statement\nand have not been reviewed by us, or that it contains any material misstatement or that it has not been\nprepared in accordance with the relevant prudential norms issued by the Reserve Bank of lndia in\nrespect of income recognition, asset classification, provisioning and other related matters.", "subsection": "FoTSGCO&Go.LLP\nChartered Accountants", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7138b3e30f1cdf86"}, {"chunk_id": "30bb26861c556f83", "content": "6. We did not review the interim financial results of 33 branches included in the standalone unaudited interim financial results of the entities included in the Group, whose results reflect total assets of Rs.31,51,678.04 crore as at September 30, 2025 and total revenues of Rs.60,086.79 crore and Rs.1,20,050.60 crore for the quarter ended September 30, 2025 and for period from April 1, 2025 lo September 30,2025, respectively, as considered in the standalone unaudited interim financial results of the entities included in the Group. The interim financial results of these branches have been reviewed by the branch auditors and other auditors whose reports have been furnished to us and other auditors and our conclusion in so far as it relates to the amounts and disclosures included in respect of these branches, is based solely on the report of such branch auditors and other auditors and the procedures performed by us as stated in paragraph 3 above.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 20, "section": "6. We did not review the interim financial results of 33 branches included in the standalone unaudited\ninterim financial results of the entities included in the Group, whose results reflect total assets of\nRs.31,51,678.04 crore as at September 30, 2025 and total revenues of Rs.60,086.79 crore and\nRs.1,20,050.60 crore for the quarter ended September 30, 2025 and for period from April 1, 2025 lo\nSeptember 30,2025, respectively, as considered in the standalone unaudited interim financial results\nof the entities included in the Group. The interim financial results of these branches have been\nreviewed by the branch auditors and other auditors whose reports have been furnished to us and other\nauditors and our conclusion in so far as it relates to the amounts and disclosures included in respect of\nthese branches, is based solely on the report of such branch auditors and other auditors and the\nprocedures performed by us as stated in paragraph 3 above.", "subsection": "FoTSGCO&Go.LLP\nChartered Accountants", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "51ba2eebc109e23d"}, {"chunk_id": "914a6f372216642e", "content": "Apart from above, in the conduct of our review, we also did not review the interim financial results of 1820 branches included in the standalone unaudited interim financial results of the entities included in the Group, whose results reflect total assets of Rs.18,01 ,173.65 crore as at September 30, 2025 and total revenue of Rs.33,425.95 crore and Rs.64,893 crore for the quarter ended September 30, 2025 and for period from April 1 ,2025 to September 30, 2025, respectively, as considered in the standalone unaudited interim financial results of the entities included in the Group. The interim financial results of these branches have been reviewed by the branch managers whose certified returns have been furnished to us or other auditors, and our conclusion in so far as it relates to the amounts and disclosures included in respect of these branches, is based solely on the cerlified returns of such branch managers and other auditors.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 20, "section": "Apart from above, in the conduct of our review, we also did not review the interim financial results of\n1820 branches included in the standalone unaudited interim financial results of the entities included in\nthe Group, whose results reflect total assets of Rs.18,01 ,173.65 crore as at September 30, 2025 and\ntotal revenue of Rs.33,425.95 crore and Rs.64,893 crore for the quarter ended September 30, 2025\nand for period from April 1 ,2025 to September 30, 2025, respectively, as considered in the standalone\nunaudited interim financial results of the entities included in the Group. The interim financial results\nof these branches have been reviewed by the branch managers whose certified returns have been\nfurnished to us or other auditors, and our conclusion in so far as it relates to the amounts and\ndisclosures included in respect of these branches, is based solely on the cerlified returns of such\nbranch managers and other auditors.", "subsection": "FoTSGCO&Go.LLP\nChartered Accountants", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7217f30800f42ded"}, {"chunk_id": "aead149206213a0f", "content": "We did not review the interim financial results of 18 subsidiaries and 1 joint venture included in the consolidated unaudited financial results, whose interim financial results reflect total assets of Rs.7,08,311.27 crore as at September 30, 2Q25 and total revenues of Rs.43,129.13 crore and Rs.77,759.13 crore and total net profit aftertax of Rs.3,059.13 crore and Rs.6,185.11 crore forthe quarter ended September 30,2025 and for period from April 1,2025 to September 30, 2025, respectively as considered in the consolidated unaudited financial results. The consolidated unaudited financial results also include the Group's share of net profit after tax of Rs.345.40 crore and Rs.829.34 crore for the quarter ended September 30, 2025 and for period from April 1 , 2025 to September 30, 2025, respectively, as considered in the consolidated unaudited financial results, in respect of 16 associates, whose interim financial results have not been reviewed by us. These interim financial results have been reviewed by the other auditors whose reports have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, joint ventures and associates, is based solely on the reports of other auditors and the procedures performed by us as stated in paragraph 3 above.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 20, "section": "We did not review the interim financial results of 18 subsidiaries and 1 joint venture included in the\nconsolidated unaudited financial results, whose interim financial results reflect total assets of\nRs.7,08,311.27 crore as at September 30, 2Q25 and total revenues of Rs.43,129.13 crore and\nRs.77,759.13 crore and total net profit aftertax of Rs.3,059.13 crore and Rs.6,185.11 crore forthe\nquarter ended September 30,2025 and for period from April 1,2025 to September 30, 2025,\nrespectively as considered in the consolidated unaudited financial results. The consolidated unaudited\nfinancial results also include the Group's share of net profit after tax of Rs.345.40 crore and Rs.829.34\ncrore for the quarter ended September 30, 2025 and for period from April 1 , 2025 to September 30,\n2025, respectively, as considered in the consolidated unaudited financial results, in respect of 16\nassociates, whose interim financial results have not been reviewed by us. These interim financial\nresults have been reviewed by the other auditors whose reports have been furnished to us by the\nManagement and our conclusion on the Statement, in so far as it relates to the amounts and disclosures\nincluded in respect of these subsidiaries, joint ventures and associates, is based solely on the reports\nof other auditors and the procedures performed by us as stated in paragraph 3 above.", "subsection": "FoTSGCO&Go.LLP\nChartered Accountants", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b2fec4bf5b42f279"}, {"chunk_id": "158844de6ee7ff65", "content": "7. The consolidated unaudited financial results include the interim financial result which ha n reviewed/audited of 23911 branches included in the standalone unaudited interim the entities included in the Group, whose results reflect total assets of Rs.16,71,885.07 crore as at September 30, 2025 and total revenues of Rs.1 ,39,572.70 crore and Rs.2,74,914.26 crore for the quarter ended September 30, 2025 and for period April 1 , 2025 to September 30, 2025, respectively, as considered in the respective standalone unaudited interim financial results of the entities included in the Group. According to the information and explanations given to us by the Management, these interim financial results are not material to the Group. The consolidated unaudited financial results include the interim financial results of 09 subsidiaries and 07 joint ventures which have not been reviewediaudited by their auditors, whose interim financial results reflect total assets of Rs.26,078.98 crore as at September 30, 2025 and total revenue of Rs.542.08 crore and Rs.1,042.79 crore and total net profit aftertax of Rs.57.93 crore and Rs.122.76 crore for the quarter ended September 30, 2025 and for period from April 1, 2025 to September 30, 2025, respectively, as considered in the consolidated unaudited financial results. The consolidated unaudited financial results also include the Group's share of net profit aftertax of Rs.10.69 crore and", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 21, "section": "7. The consolidated unaudited financial results include the interim financial result which ha\nn", "subsection": "The consolidated unaudited financial results include the interim financial results of 09 subsidiaries and\n07 joint ventures which have not been reviewediaudited by their auditors, whose interim financial\nresults reflect total assets of Rs.26,078.98 crore as at September 30, 2025 and total revenue of\nRs.542.08 crore and Rs.1,042.79 crore and total net profit aftertax of Rs.57.93 crore and Rs.122.76\ncrore for the quarter ended September 30, 2025 and for period from April 1, 2025 to September 30,\n2025, respectively, as considered in the consolidated unaudited financial results. The consolidated\nunaudited financial results also include the Group's share of net profit aftertax of Rs.10.69 crore and\nRs.2'1.49 crore for quarter ended September 30,2025 and for period from April 1, 2025 to September\n30, 2025, respectively, as considered in the consolidated unaudited financial results, in respect of\nlAssociates, based on their interim financial results which have not been reviewed/audited by their\nauditors. According to the information and explanations given to us by the Management, these interim\nfinancial results are not material to the Group.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "98c577b47fb2f745"}, {"chunk_id": "10ec88646956588e", "content": "2025, respectively, as considered in the consolidated unaudited financial results. The consolidated unaudited financial results also include the Group's share of net profit aftertax of Rs.10.69 crore and Rs.2'1.49 crore for quarter ended September 30,2025 and for period from April 1, 2025 to September 30, 2025, respectively, as considered in the consolidated unaudited financial results, in respect of lAssociates, based on their interim financial results which have not been reviewed/audited by their auditors. According to the information and explanations given to us by the Management, these interim financial results are not material to the Group. Our conclusion on the Statement is not modified in respect of the above matter.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 21, "section": "7. The consolidated unaudited financial results include the interim financial result which ha\nn", "subsection": "The consolidated unaudited financial results include the interim financial results of 09 subsidiaries and\n07 joint ventures which have not been reviewediaudited by their auditors, whose interim financial\nresults reflect total assets of Rs.26,078.98 crore as at September 30, 2025 and total revenue of\nRs.542.08 crore and Rs.1,042.79 crore and total net profit aftertax of Rs.57.93 crore and Rs.122.76\ncrore for the quarter ended September 30, 2025 and for period from April 1, 2025 to September 30,\n2025, respectively, as considered in the consolidated unaudited financial results. The consolidated\nunaudited financial results also include the Group's share of net profit aftertax of Rs.10.69 crore and\nRs.2'1.49 crore for quarter ended September 30,2025 and for period from April 1, 2025 to September\n30, 2025, respectively, as considered in the consolidated unaudited financial results, in respect of\nlAssociates, based on their interim financial results which have not been reviewed/audited by their\nauditors. According to the information and explanations given to us by the Management, these interim\nfinancial results are not material to the Group.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "98c577b47fb2f745"}, {"chunk_id": "9b4443549f5c84f0", "content": "8. The actuarial valuation of liabilities for life policies in force and for policies in respect of which premium has been discontinued but liability exists are the responsibility of subsidiary's Appointed Actuary. The actuarial valuation of these liabilities for life policies in force and for policies in respect for policies in respect of which premium has been discontinued but liability exists as at September 30, 2025 in respect of subsidiaries, namely SBI Life lnsurance Company Limited and SBI General lnsurance Company Limited, has been duly certified by the Appointed Actuary of the respective subsidiary and in their opinion, the assumptions for such valuation are in accordance with the guidelines and norms issued by the lnsurance Regulatory and Development Authority of lndia (lRDA|) and The lnstitute of Actuaries of lndia (lAl), in concurrence with the Authority. The respective auditors of the subsidiary have relied upon the Appointed Actuary's certificate in this regard for forming their opinion on condensed interim financial statements of the said subsidiary. Our conclusion is not modified in respect of the above matter. For Ravi Rajan & Co LLP Chartered Accountants FRN 009073N/N500320 Sumit Kumar Partner M No.512555 UDIN : 2551 2555BMNPUV8905 Place: Mumbai Date: 46 Nov 2025 STATEMENT OF DEVTATION / VARIATION !N UTILISATION OF FUNDS RAISED JAs per Requlation 32 (1) of SEBI (LODR) Requlations. 20151 Name of listed entity State Bank of lndia", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 22, "section": "8. The actuarial valuation of liabilities for life policies in force and for policies in respect of which premium\nhas been discontinued but liability exists are the responsibility of subsidiary's Appointed Actuary. The\nactuarial valuation of these liabilities for life policies in force and for policies in respect for policies in\nrespect of which premium has been discontinued but liability exists as at September 30, 2025 in respect\nof subsidiaries, namely SBI Life lnsurance Company Limited and SBI General lnsurance Company\nLimited, has been duly certified by the Appointed Actuary of the respective subsidiary and in their\nopinion, the assumptions for such valuation are in accordance with the guidelines and norms issued\nby the lnsurance Regulatory and Development Authority of lndia (lRDA|) and The lnstitute of Actuaries\nof lndia (lAl), in concurrence with the Authority. The respective auditors of the subsidiary have relied\nupon the Appointed Actuary's certificate in this regard for forming their opinion on condensed interim\nfinancial statements of the said subsidiary.", "subsection": "Name of listed entity\nState Bank of\nlndia\nMode of Fund Raising (Public lssue/Rights lssue/ Preferential lssue/\nQIP/ Others)\nQualified\nlnstitutional\nPlacement\n(QIP)\nDate of Raisinq Funds\n21-07-2025\nAmount Raised\n{ 25,000 cr\nReport filed for Quarter\n30.09 2025\n[/onitorinq Aqency\nNot Applicable\nMonitoring Agency Name, if applicable\nNot Applicable\nls there a Deviation / Variation in use of funds raised?\nNit\nlf yes, whether the same is pursuant to change in terms of a contract or objects,\nwhich was approved by the shareholders\nNot Applicable", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ab0ba8bd763fc79a"}, {"chunk_id": "ac06cb4d9d947a66", "content": "Place: Mumbai Date: 46 Nov 2025 STATEMENT OF DEVTATION / VARIATION !N UTILISATION OF FUNDS RAISED JAs per Requlation 32 (1) of SEBI (LODR) Requlations. 20151 Name of listed entity State Bank of lndia Mode of Fund Raising (Public lssue/Rights lssue/ Preferential lssue/ QIP/ Others) Qualified lnstitutional Placement (QIP) Date of Raisinq Funds 21-07-2025 Amount Raised { 25,000 cr Report filed for Quarter 30.09 2025 [/onitorinq Aqency Not Applicable Monitoring Agency Name, if applicable Not Applicable ls there a Deviation / Variation in use of funds raised? Nit lf yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders Not Applicable lf Yes, Date of shareholder Approval Not Applicable Explanation for the Deviation/ Variation Not Applicable Comments of the Audit Committee after review Nit Comments of the auditors, if any Nir Objects forwhich funds have been raised and where there has been a deviation, in the following table: For augmentation of Bank's Tier-l capital base to meet Bank's future capital requirements and to support growtllplans and to enhance the business of the Bank Original Subject Modified Object if any", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 22, "section": "8. The actuarial valuation of liabilities for life policies in force and for policies in respect of which premium\nhas been discontinued but liability exists are the responsibility of subsidiary's Appointed Actuary. The\nactuarial valuation of these liabilities for life policies in force and for policies in respect for policies in\nrespect of which premium has been discontinued but liability exists as at September 30, 2025 in respect\nof subsidiaries, namely SBI Life lnsurance Company Limited and SBI General lnsurance Company\nLimited, has been duly certified by the Appointed Actuary of the respective subsidiary and in their\nopinion, the assumptions for such valuation are in accordance with the guidelines and norms issued\nby the lnsurance Regulatory and Development Authority of lndia (lRDA|) and The lnstitute of Actuaries\nof lndia (lAl), in concurrence with the Authority. The respective auditors of the subsidiary have relied\nupon the Appointed Actuary's certificate in this regard for forming their opinion on condensed interim\nfinancial statements of the said subsidiary.", "subsection": "Name of listed entity\nState Bank of\nlndia\nMode of Fund Raising (Public lssue/Rights lssue/ Preferential lssue/\nQIP/ Others)\nQualified\nlnstitutional\nPlacement\n(QIP)\nDate of Raisinq Funds\n21-07-2025\nAmount Raised\n{ 25,000 cr\nReport filed for Quarter\n30.09 2025\n[/onitorinq Aqency\nNot Applicable\nMonitoring Agency Name, if applicable\nNot Applicable\nls there a Deviation / Variation in use of funds raised?\nNit\nlf yes, whether the same is pursuant to change in terms of a contract or objects,\nwhich was approved by the shareholders\nNot Applicable", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ab0ba8bd763fc79a"}, {"chunk_id": "c8bf0528eb75f018", "content": "Original Allocation Modified allocation Funds Utilised Amount of DeviationA/ariation for the quarter according to applicable object (lNR Rs. crore and in Yo) Deviation or Variation could mean: (a) Deviation in the objects or purposes for which the funds have been raised; or (b) Deviation in the amount of funds actually utilized as against what was originally disclosed; or (c) Change in terms of a contract referred to in the fund raising documents i.e. prospectus, letter of offer etc.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 22, "section": "Original\nAllocation\nModified\nallocation\nFunds\nUtilised\nAmount \nof\nDeviationA/ariation\nfor the quarter\naccording \nto\napplicable object\n(lNR Rs. crore and in\nYo)", "subsection": "Name of listed entity\nState Bank of\nlndia\nMode of Fund Raising (Public lssue/Rights lssue/ Preferential lssue/\nQIP/ Others)\nQualified\nlnstitutional\nPlacement\n(QIP)\nDate of Raisinq Funds\n21-07-2025\nAmount Raised\n{ 25,000 cr\nReport filed for Quarter\n30.09 2025\n[/onitorinq Aqency\nNot Applicable\nMonitoring Agency Name, if applicable\nNot Applicable\nls there a Deviation / Variation in use of funds raised?\nNit\nlf yes, whether the same is pursuant to change in terms of a contract or objects,\nwhich was approved by the shareholders\nNot Applicable", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "85885e4e7e5bda9c"}, {"chunk_id": "9101beeb731eb921", "content": "ftfrqRrlErqrfi trdfqftnFr\\d a-q-oroxotftqrq o-<-ftqt<qfrqrq ait+tc+-< on*tc+-< srrrsrdrr, €eio rs-{ st{fua, €-eto r+r qrqrqorqrtts qrqrqorrnqr,f fiT{Effc rfrTi.ffc #aooozr #aooozr frt.dept(isbi.co.in frt.accountsOsbi.co.in servicetax.frt(isbi.co.in tax(asbi.co.in tds.frtOsbi.co.in cfs.frtfasbi.co.in ifc.frt6sbi.co.in ifrs(Osbi.co.in Financial Reporting & Taxation Department Corporate Centre 5rd Floor, State Bank Bhavan STATEMENT OF DEVTATION / VARIATION IN THE USE OF THE PROCEEDS OF ISSUE OF LISTED NON.CONVERTTBLE DEBT SECURITTES FOR THE QUARTER ENDED 30.09.2025", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 23, "section": "ftfrqRrlErqrfi trdfqftnFr\\d\na-q-oroxotftqrq o-<-ftqt<qfrqrq\nait+tc+-< \non*tc+-<\nsrrrsrdrr, €eio rs-{ st{fua, €-eto r+r\nqrqrqorqrtts qrqrqorrnqr,f\nfiT{Effc \nrfrTi.ffc\n#aooozr \n#aooozr", "subsection": "Name of listed entity\nState Bank of\nlndia\nMode of Fund Raising (Public lssue/Rights lssue/ Preferential lssue/\nQIP/ Others)\nQualified\nlnstitutional\nPlacement\n(QIP)\nDate of Raisinq Funds\n21-07-2025\nAmount Raised\n{ 25,000 cr\nReport filed for Quarter\n30.09 2025\n[/onitorinq Aqency\nNot Applicable\nMonitoring Agency Name, if applicable\nNot Applicable\nls there a Deviation / Variation in use of funds raised?\nNit\nlf yes, whether the same is pursuant to change in terms of a contract or objects,\nwhich was approved by the shareholders\nNot Applicable", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "114c68c6d8b840f5"}, {"chunk_id": "6ae498a0915620c0", "content": "B. Statement of deviation / variation in use of issue ds Name of listed entity State Bank of lndia Mode of Fund Raisinq Not Applicable Not Applicable Type of lnstruments Date of Raising Funds Not Applicable Not Applicable (Outstanding bonds as on 30.09.2025 is placed as Annexure 1) Amount Raised Report filed for Quarter ended 30.09.2025 ls there a DeviationA/ariation in use of funds raised? Not Applicable Whether any approval is required to vary the objects of the issue stated i n the prospectus/offer/docu ment? Not Applicable lf yes, details of the approval so required? Not Applicable Date of approval Not Applicable Explanation for the DeviationA/ariation Not Applicable Comments of audit committee after review Not Applicable Comments of the auditors, if anv Not Applicable Objects forwhich funds have been raised and where there has been a deviation, in the following table Original Subject Remarks if any Modified Object if any Original Allocation (Rs. ln Crore) Modified allocation (Rs. ln Crore) Funds Utilised (Rs. ln Crore) Amount of Deviation / Variation for the quarter according to applicable object (lNR Rs. crore and Deviation could mean: (a) Deviation in the objects or purpose forwhich the funds have been raised. (b) Deviation in the amount of funds utilized as against what was originally disclosed", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 23, "section": "B. Statement of deviation / variation in use of issue\nds\nName of listed entity\nState Bank of lndia\nMode of Fund Raisinq\nNot Applicable\nNot Applicable\nType of lnstruments\nDate of Raising Funds\nNot Applicable\nNot Applicable (Outstanding bonds as on\n30.09.2025 is placed as Annexure 1)\nAmount Raised", "subsection": "Name of listed entity\nState Bank of\nlndia\nMode of Fund Raising (Public lssue/Rights lssue/ Preferential lssue/\nQIP/ Others)\nQualified\nlnstitutional\nPlacement\n(QIP)\nDate of Raisinq Funds\n21-07-2025\nAmount Raised\n{ 25,000 cr\nReport filed for Quarter\n30.09 2025\n[/onitorinq Aqency\nNot Applicable\nMonitoring Agency Name, if applicable\nNot Applicable\nls there a Deviation / Variation in use of funds raised?\nNit\nlf yes, whether the same is pursuant to change in terms of a contract or objects,\nwhich was approved by the shareholders\nNot Applicable", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "8659f3eb729cdc4b"}, {"chunk_id": "67bea90b0de0358e", "content": "I frt.dept(asbi.co.in E frt.accounts(dsbi.co.in B servicetax.frt(Osbi.co.in B tax(asbi.co.in B tds.frtdsbi.co.in B cfs.frt6sbi.co.in E ifc.frt6sbi.co.in B ifrs(Osbi.co.in ffiqftnErqrft frftcR+Erqd a-q-q6'Rotfrr{rq o-<-Mrrrftryr.r 6i{+r+e+< olvq.ttc+< Financial Reporting & Taxation Department Corporate Centre 3rd Floor, State Bank Bhavan 3vrrErdlt, *efu ra< :tdffia, deto q+< qrq-Iqolqrtrs qrerqorryqr,f Ttr{.f{e rftT{Effc ffaooozr ffaooozr List of Domestic Bond instruments raised by State Bank of India and Outstanding as on 30.09.2025 lfSis Yes, then specify the purpose of funds utilization Type of instrument- Non convertible securities Funds utilized (Rs. in Crore) Any devia tion (Yes / No) Sr. No. ISIN Mode of Fund Raising Date of raising funds Amount Raised (Rs in Crore) 1 tNE651A0804'l Private Placement Tier 2 31-12-2015 300 00 300.00 No NA Nit 2 tNE651A08058 Private Placement fier 2 18-01-2016 200 00 200.00 No NA Nil 3 tNE649A08029 Private Placement Tier 2 30-12-2015 500 00 500.00 No NA Nit 4 tNE649A08037 Private Placement fier 2 08-02-2016 200 00 200.00 No NA Nit 5 rNE062408231 Private Placement fier 2 21-08-2020 8,931.00 8,931 00 No NA Nir 6 tNE062408264 Private Placement Tier 2 26-10-2020 5,000.00 5,000 00 No NA Nit 7 tNE062408272 Private Placement AT1 24-11-2020 2,500.00 2,500.00 No NA Nit", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 24, "section": "yono\nSBI", "subsection": "3vrrErdlt, *efu ra< :tdffia, deto q+<\nqrq-Iqolqrtrs qrerqorryqr,f\nTtr{.f{e \nrftT{Effc\nffaooozr \nffaooozr", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "e625996b42236deb"}, {"chunk_id": "9a5d3456af63a4de", "content": "8 tNE062408280 Private Placement AT1 03-09-2021 4,000.00 4,000.00 No NA Nit I tNE062A08298 Private Placement AT1 18-10-2021 6,000 00 6,000 00 No NA Nit 11 tNE062408314 Private Placement AT1 09-09-2022 6,872.00 6,872 00 No NA Nit 12 tNE062408322 Private Placement Tier 2 23-09-2022 4,000.00 4,000.00 No NA Nil 13 rNE062408330 Private Placement LTB 06-12-2022 10 000.00 10,000.00 No NA Nit 14 rNE062408348 Private Placement LTB 19-01-2023 9,718 00 9,718.00 No NA Nit 15 rNE062408355 Private Placement AT1 21-02-2023 4.U4.00 4,544.00 No NA Nit 16 I NE062A08363 Private Placement AT1 09-03-2023 3,717.00 3,717 00 No NA Nit 17 tNE062408371 Private Placement AT1 14-07-2023 3,101 .00 3,101 00 No NA Nit 18 I NE062408389 Private Placement LTB 01-08-2023 10,000 00 10,000.00 No NA Nit 19 tNE062A08397 Private Placement LTB 26-09-2023 10,000 00 10,000.00 No NA Nit 20 tNE062408405 Private Placement lier 2 02-11-2023 10,000 00 10,000.00 No NA Nil 10 rNE062A08306 Private Placement AT1 14-12-2021 3,974.00 3,974.00 No NA Nit 21 tNE062A08413 Private Placement AT1 19-01-2024 5,000.00 5,000 00 No NA Nit 22 tNE062408421 Private Placement LTB 27-06-2024 10,000.00 10,000.00 No NA Nit 23 tNE062408439 Private Placement LTB 11-07-2024 10,000.00 10,000.00 No NA Nit 24 tNE062408447 Private Placement Tier 2 29-08-2024 7,500 00 7,500.00 No NA Nit 25 tNE062A08454 Private Placement Tier 2 20-09-2024 7,500.00 7,500.00 No NA Nit 26 tNE062408462 Private Placement AT1 24-10-2024 5,000.00 5,000.00 No NA Nit 27 tNE062408470 Private Placement Tier 2", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 24, "section": "8\ntNE062408280\nPrivate Placement\nAT1\n03-09-2021\n4,000.00\n4,000.00\nNo\nNA\nNit\nI\ntNE062A08298\nPrivate Placement\nAT1\n18-10-2021\n6,000 00\n6,000 00\nNo\nNA\nNit", "subsection": "3vrrErdlt, *efu ra< :tdffia, deto q+<\nqrq-Iqolqrtrs qrerqorryqr,f\nTtr{.f{e \nrftT{Effc\nffaooozr \nffaooozr", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1484b1391f55bbeb"}, {"chunk_id": "7f33124f220f9b13", "content": "@ bank.sbi 6 FR zz74o3s6 ACCOUNTS 22710364 GST 22710322 TAX 22740363 TDS 22740t52 |FRS 22740tA5 fffiqftifCr qft f{ftcRc}F4r\\d Financiat Reporting & o<-slr6Rotfrqr{r 6-q-ffwrfutilT Taxation Department dfl+tcf< otrtrtct-< CorporateCentre 3TqErdI, *e io rr+t s{l dfuq, €-e to rr+c 3rd Floor, State Bank Bhavan qrqlqolql+g qrqrqotrqFt Madame Cama Road {frT{fi'fc rftqrmfc Nariman point ff aooozr $+{ ooozr Mumbai 4ooo21 I frt.dept(asbi.co.in E frt.accounts(isbi.co.in B servicetax.frt(Osbi.co.in E tax6sbi.co.in B tds.frtdsbi.co.in I cfs.frt(isbi.co.in E ifc.frt6sbi.co.in E ifrs(dsbi.co.in", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 24, "section": "yono\nsBl", "subsection": "3vrrErdlt, *efu ra< :tdffia, deto q+<\nqrq-Iqolqrtrs qrerqorryqr,f\nTtr{.f{e \nrftT{Effc\nffaooozr \nffaooozr", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "cadd6f4711850cfc"}, {"chunk_id": "d64debf9c6ccc482", "content": "[TABLE] Company: SBI | Year: FY2026 | Section: ARUNA N \nDAK | Page: 1\n\n| The Listing Department, |  | The Listing | Departm | ent, |  |\n|---|---|---|---|---|---|\n| BSE Limited, |  | National S | tock Exch | ange of I | ndia Limited, |\n| Phiroje Jeejeebhoy Towers, |  | Exchange | Plaza, 5th | Floor, ‘G | ’ Block, |\n| 25th Floor, Dalal Street, |  | Bandra Ku | rla Compl | ex, Band | ra (East), |\n| Mumbai – 400001 |  | Mumbai – | 400051 |  |  |\n| BSE SCRIP Code: 500112 |  | NSE SCRI | P Code: S | BIN |  |\n| CC/S&B/AND/2025-26/575 |  |  |  |  | 04.11.202 |\n| Madam / Sir, |  |  |  |  |  |\n| Outcome of Board Meeting | held on 04.1 | 1.2025 |  |  |  |\n| We refer to our letter no. CC/ | S&B/AND/20 | 25-26/534 | dated 18. | 10.2025 i | ntimating the |\n| meeting of the Central Board | of the Bank | to consider | financial | results f | or the quarter |\n| ended 30.09.2025. |  |  |  |  |  |\n| 2. In terms of Regulation 33, | Regulation 5 | 2, and oth | er applicab | le provis | ions of SEBI |\n| (LODR) Regulations, 2015, w | e submit the | unaudite | d Standalo | ne and | Consolidated |\n| financial results of the Bank al | ong with the | Limited Re | view Rep | ort for th | e quarter and |\n| half year ended 30.09.2025. | The Limited | Review | Report of | the Stat | utory Central |\n| Auditors contains unmodified | opinion. |  |  |  |  |\n| 3. The Statement of Deviation | or Variations | under Reg | ulation 32 | and Reg | ulation 52(7)/ |\n| 52 (7A) of SEBI (LODR) Regu | lations, 2015 | is enclose | d. |  |  |\n| 4. The Central Board Meeting | commenced | at 10.00 a | m and the | aforesaid | agenda was |\n| concluded at 01.20 pm. |  |  |  |  |  |\n| Yours faithfully, |  |  |  |  |  |\n| (Aruna N. Dak) |  |  |  |  |  |\n| DGM (Compliance & Compa | ny Secretar | y) |  |  |  |", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 1, "section": "ARUNA N \nDAK", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "22800012400be208", "content": "[TABLE] Company: SBI | Year: FY2026 | Section: NET CASH GENERATED FROM / (USEO IN) OPERATING ACTIVITIES\n(A)\n49.429.91\n35.960.16\n45.859.87\n53.753.38\n35.61 7.65\n48.486.29\nv | Page: 4\n\n| No 1 | a lcapital b lReseryes & s c lMlnorlty lnter | urplus est |  |  |  | 923 06 5,17 ,136 21 | 892 46 4,'18,666.86 | 892 46 4,40,269 66 | 923 06 5,68,389 24 19.612 91 | 892 46 4,62,157 29 17.762 09 | 892 46 4,86,'144 30 18,025 84 |\n|---|---|---|---|---|---|---|---|---|---|---|---|\n| 2 | d lDeDoslts e lBonowlngr f lOther llabllltle Total Assets a lcash and bal c llnvestments d lAdvances | s and provls ances wllh R | lons eserue Bank of ln | dia |  | 55.91,700 41 6,00,551 03 2,77,158 01 69,87,468.72 2.72,575 28 1.',tg,753 32 17 ,28,079 71 43,61,736.98 | 51.17 .284 90 5,58,815 62 2,45,799 50 63,41,459.34 2,64,027 53 7?,073 93 16,65,51 1 13 38,57,423 46 | 53,82.1 89 53 5,63,572 52 2,89,'129 10 66,76,053.27 2.27.2't7 50 1.13,012.19 16,90.572 75 41,63,312 10 | 56.55,559 42 6,50,303 27 7,70,611.7',I 76,73,399.51 2.73.476 97 1.40,166 48 22,76.621 25 44,57 ,752 14 | 51.71.743 14 6,06,662 51 7 ,O4,117.87 69,63,335.36 2.64 388 92 90.583 18 21,62.000 74 39,43,993 51 | 54.39.898 02 6,10,857 24 7,58,367 48 73.14.185.34 2,27,485.16 1.30.447 7A 22.05,601 1',1 42,50,830 74 |\n|  | e lFlxed assets f lotherassets Total |  |  | UNAUDITED C | ASH FLOW STATEMEN | 52.094 20 4.53,229 23 69.87.458.72 T FOR THE HALF | 43,084 09 4,39,339 20 63.41.459.34 YEAR ENDED SEP Standalone | 44j07 55 4.37.831. 18 66.76.053.27 TEMAER 30,2025 | 54.362 50 4.71.020 27 76.73.399.51 | 45.238 78 4.57.130 23 69.63.335.36 Consolldated | 46,337 69 4,53.482 86 73.'t4.18s.34 tn |\n|  | CASH FLOW FROM tlrt ProtiU(L6!) b minoritY intcEll) | OPERATING sloG tarsr ( | PARTICULAR ACTIVITIES including.hro in | S profil lrcm.3s | ocialea and net ol | Half year e 30.09.2025 (Unaudlted) 52,209 ?9 | nded 30.09.2024 (Unaudlted) 47,787 17 | Year ended 31 03.2025 (Audited) 95,27127 | Half year e 30.09.2025 (Unaudited) 57,093 43 | nded 30 09.2024 (Unaudited) 53,109 38 | Year ended 31.03.2025 (Audlted) 1,04,909 48 |\n|  | Adnrctmantc 16.' DeoEciation on Fixe lProtityLoss on 5ale | d Assets of Fited Ass | ets (Net) |  |  | 2,036 91 009 | 1,707.25 15 78 | 3.528 91 20.37 | 2,313 83 556 | '1.950 80 13 67 | 3.991 48 16 23 |\n|  | lProfit)/Loss on reva (Profit) tLoss on sale | luation of lnv of lnvestme | estments (Net) nB in SubsidiariesrJ | oint Ventures, A | ssociates | - 1.733.30 - 4.618 68 9.066 38 879 70 | - 2.811 22 - 111 80 8.1 49 08 401 66 | - 5,453 16 -11180 14.418 33 302 76 | - 1,763 12 - 2.384 4',1 1',1.142 20 974 38 | - 2,517.87 752 1 0.1 80 68 431 25 | - 5,179 38 752 '18,505 51 338 09 |\n|  | Provi!ion on non-rr oth€r provisions inc lnleresl charqed on Adnr<tment. 16r: | tominq lnv luding provis Capital lnslru | estmenls ion tor contingencie ments | s |  | -8776 301 00 - 295 90 6.325 67 64.163.40 2,09,510 88 | 72 62 - 668 21 - 214 77 5,37192 59.699.48 2,O1,208 13 | 514 28 72 53 - 1.938 93 11,672 34 t.1 8.296.90 4,66,112 76 | -8933 314 16 - 850 84 -040 6,395 99 73.'t51.45 2,15,661 40 | 30 99 - 649 46 - 758 97 -771 5,483 96 67.274.24 2,05,205 | 482 88 134 6E - '1.505 47 -881 11,922.81 1,33,615.02 4,73,360 |\n|  | lncEasellDecre.3e) lnceaser(DecEase) (lncrcaseyoecGale , Associates llncreaEe)roecrca6e | in DeDosits in Borowing in lnveslmon in Advances | 3 olher than Cspital ts other than lnveat | lnstrumenl. mcnl in Sublidia | .ies , Joint VentuG! | 47,978 51 - 37,381 60 - 2.07,491 26 | - 45.640 49 15,264 35 - 1,61,601 69 - | 40,026 98 - 8,609 27 4,73,759 58 - | 50.250 52 -70,712 13 2,18,063 60 | 66 - 41,444 70 -48,191 30 - 't,69,901 52 | 53 - 35,148 36 - 81,890 97 - 4,85,063 58 |\n|  | lncrc.serlDecease) | in Other Liab | ilities |  |  | 1,481 70 - 't8,560 0( | 32,318 93 9,391 18 | - 4.1 05 89 18.705 42 | 34.163 74 - 18.635 01 | 25.400 07 8,7'18 43 | 56,832 99 20.542't1 |\n|  | Tax refund / (Tares NET CASH GENERA | paid) TED FROM / | (USEO IN) OPERATIN | G ACTIVITIES | (A) | 59,701.57 - 10.27',t 66 49.429.91 | 46,002.03 - 10.041 87 35.960.16 | 76,613.36 - 30,753 49 45.859.87 | 65,816.37 - 12,06299 53.753.38 | 47,060.88 - 't1,443 23 35.61 7.65 | 82,247.74 - 33,761 45 48.486.29 |", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 4, "section": "NET CASH GENERATED FROM / (USEO IN) OPERATING ACTIVITIES\n(A)\n49.429.91\n35.960.16\n45.859.87\n53.753.38\n35.61 7.65\n48.486.29\nv", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "118b586046173ced", "content": "[TABLE] Company: SBI | Year: FY2026 | Section: NET CASH GENERATED FROM / (USEO IN) OPERATING ACTIVITIES\n(A)\n49.429.91\n35.960.16\n45.859.87\n53.753.38\n35.61 7.65\n48.486.29\nv | Page: 5\n\n| Purchase of lnveatmentt o.^.Md. i' m G.l. l^v ^r lncome received lrom lnv lncome received ,rom lnv (lncrease) roecreaae in F NET CASH GENERATED CASH FLOW FROM FINA | in Sub8idiarie ..th.^t. in S 6alment in Su oatment in As ired A3sets FROM / (USEO NCING ACTIVI | 3 , Join ,,h.idi.d.< bsidiari sociato IN) IN TIES | t Ventu , -l^int ea, Joint s VESTING | ei / As3ociatea V.nh,h.l A..a Ventures I As ACTIVITIES | .irtc< 3ociates lBt | - 1,747 .36 10.342 76 291 43 2,551 79 5,335.04 | 112 80 214 77 - 2,302.90 - 1,975.33 | 1.122 80 1.977 29 - 5,112 34 - 2,O12.25 | - 108 27 7.779.41 060 - 3,055 40 4,616.34 | -652 771 - 2,495 07 - 2.493.88 | -652 900 - 5,637 22 - 5.634.74 |\n|---|---|---|---|---|---|---|---|---|---|---|---|\n| Procoods from cquitv lh ls3ue ol CrDibl lnstrume Redemolion of CaDital ln | aes i6Ecdr nts slruments |  |  |  |  | 24,994 15 - 1 1,000 00 | 013 15.000 00 - 8.104 80 | 013 20.000 00 - 13,961 40 - | 24.994 15 187 50 - 10.992 00 | 013 '16.500 00 - 8.002 30 | 013 21.500 00 - 15,103.90 |\n| lntoresl oaid on CaDitEl l Oividend paid lnce.se/aDecrcasel an M NET CASH GENERATED | n.trumenG anoritv lnieEst FROM (USED ' | IN) FIN ON TR | ANCING ANSLATI | ACTIVITIES ON RESERVE | (c) (D) | - 6,830 60 - 14,190 15 - 7,026.60 | - 4,931 30 - 12,226 72 - 10.262.69 | 10,138 63 - 12,226 72 - 16,326.62 | 6,884 11 - 14,190. t5 -286 304 31 6,583.1 6 | - 4,950 95 - 12.226.72 -258 2j20 51 - 6,561.91 | - 10.270 90 - 't2,226 72 -31 85 2.394 16 - 13.739.08 |\n| EFFECT OF EXCHANGE NET TNCREASE r (DEcRE CASH AND CASH EOUIV CASH AND CASH EOUIV shar€s lo lhe eligibl€ Ouelil Noto!: r | FLUCTUATION ASE) lN cAsH ALENTS AS AT ALENTS AS AT ied lnslilulional | AND c ,IST A END Buye6 | AsH EQ PRIL OF THE R (OlBs), p | UIVALENTS EPORTING PE ro@eds ot which | (A)+(B)+(c)+(D) RIOO are {24,994 I 5 Cmre | 3,360 56 52,098.91 3,40,229.69 3.92.328.60 30.09.2025 | 1.577 33 2E,299.47 3,10,801.99 3.36.'t0't.46 30.09.2024 | 1,906 70 29,427.70 3,10,801.99 3.40.229.69 31.03.2025 | 3,923 95 55,710.61 3,57,932.94 4.13.6.13.45 30.09.2025 | 1.837 94 28,399.80 3,26,672.30 3.51.972.10 30.09.2024 | 2.244 17 31,360.64 3,26,572.30 3.57.932.94 31.0s.2025 |\n| cash & Ealenes Balen@s with Ba 2 Crsh flow lrom opo | with Reserve E nks and money Eting activities | ank o[ at ell i6 rcp | lndia & short no orted by | tie using indiEct | Total m€thod. | 2,72,575 28 | 2,64,027 53 | 2,27 ,217 50 | 2,73,476 97 | 2,64,388 92 | 2,27,485 16 |\n|  |  |  |  |  |  |  |  | J ,4 |  |  |  |\n|  |  |  |  |  | Ashutosh |  |  | M. Tonse |  |  | T |", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 5, "section": "NET CASH GENERATED FROM / (USEO IN) OPERATING ACTIVITIES\n(A)\n49.429.91\n35.960.16\n45.859.87\n53.753.38\n35.61 7.65\n48.486.29\nv", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "970ffbd9a38a0abf", "content": "[TABLE] Company: SBI | Year: FY2026 | Section: 8. Provision Coverage Ratio (PCR) as on 30th September 2025 is75.79o/o. PCR with AUCA is 92.29o/o.\nAUCA represents accounts to the extent fully provided and transferred to a separate head called\nAdvance Under Collection Account (AUCA) with a clear purpose of cleansing the Balance Sheet.\nThe balance in AUCA as an 30th September 2025 is {1 ,63,333.67 Crore. Of these, AUCA amounting\nto t21 ,141.21Crore is more than 10 years old; {90,819.87 Crore is more than 5 years and up to 10\nyears old; and <51,372.59 Crore is up to 5 years old | Page: 6\n\n| 1. | The above financial | results for the | quarter and | half year e | nded 30t | h September 202 | 5 have been |\n|---|---|---|---|---|---|---|---|\n|  | drawn from the finan | cial statements | prepared i | n accordan | ce with A | ccounting Standar | d (AS-25) on |\n|  | 'lnterim Financial Re | porting' issued | by the lnsti | tute of Cha | rtered Ac | countants of lndia, | the relevant |\n|  | provisions of the Ban | king Regulation | Act, 1949, | the circulars | , guidelin | es and directions i | ssued by the |\n|  | Reserve Bank of ln | dia (RBl) from | time to tim | e (the RBI | guideline | s), other accounti | ng principles |\n|  | generally accepted i | n lndia and as p | er the requi | rements of | SEBI (Lis | ting Obligations an | d Disclosure |\n|  | Requirements) Regu | lations, 2015 (a | s amended) | . |  |  |  |\n| 2. | The above financial | results for the | quarter an | d half year | ended 30 | th September 202 | 5 have been |\n|  | reviewed by the Au | dit Committee | of the Boa | rd at its m | eeting he | ld on 3'd Novemb | er 2025 and |\n|  | approved by the Boa | rd of Directors | at its meetin | g held on 4t | h Novemb | er 2025. These fin | ancial results |\n|  | have been subject to | Limited Review | by the Sta | tutory Centr | alAuditor | s (SCAs) of the B | ank. |\n| 3. | The above flnancial | results for the | quarter an | d half year | ended 30 | th September 202 | 5 have been |\n|  | arrived at after con | sidering neces | sary provis | ions for No | n-perfor | ming Assets (NPA | s), Standard |\n|  | Assets, Standard | Derivative Exp | osures, R | estructured | Assets, | Non-Performing | lnvestments, |\n|  | Contingencies, Em | ployee Benefits | , Direct Ta | xes (after a | djustmen | t for Deferred Ta | x) and other |\n|  | assets/items (based | on estimates). |  |  |  |  |  |\n| 4. | The Bank has contin | ued to follow th | e same ac | counting po | licies and | practices in prepa | ration of the |\n|  | financial results for t | he quarter, and | half year end | ed 30th Sep | tember 2 | 025, as followed in | the previous |\n|  | financial year ended | 31't March 202 | 5. |  |  |  |  |\n| 5. | Other income of the | Bank includes c | ommission | from non-fu | nd based | activities, fee inco | me, earnings |\n|  | from foreign exchan | ge and derivativ | e transactio | ns, profit or | loss on | sale/revaluation of | investments, |\n|  | dividend from subsid | iaries and recov | eries made | in written o | ff accoun | ts. |  |\n| 6. | RBI Circular RBI/202 | 5-26108 DOR.C | AP.REC.21 | 21.06.20112 | 025-26 d | ated lstApril 2025 | on 'Basel lll |\n|  | Capital Regulations' | requires the B | ank to mak | e applicable | Pillar 3 | Disclosures includi | ng Leverage |\n|  | Ratio, Liquidity Cove | rage Ratio and | Net Stable | Funding Rat | io (NSFR | ) under the Basel ll | l framework. |\n|  | These disclosures | as on 30th | Septemb | er 2025, a | re plac | ed on the Ban | k's Website |\n|  |  |  | . T | hese disclo | sures ha | ve not been subje | ct to Limited |\n|  | Review by the Statut | ory CentralAud | itors of the | Bank. |  |  |  |\n| 7. | The Bank has estim | ated the liabilit | y for Unhe | dged Foreig | n Curre | ncy Exposures in t | erms of RBI |\n|  | Circular DOR.MRG. | REC.76/00-00-00 | 712022-23 | dated 11th | October | 2022 and is holdin | g a provision |\n|  | of 7227.85 Crore as | on 30th Septem | ber 2025. |  |  |  |  |\n| 8. | Provision Coverage | Ratio (PCR) as | on 30th Sep | tember 202 | 5 is75.79 | o/o. PCR with AUC | A is 92.29o/o. |\n|  | AUCA represents a | ccounts to the e | xtent fully | provided an | d transfe | rred to a separate | head called |\n|  | Advance Under Coll | ection Account | (AUCA) wit | h a clear p | urpose o | f cleansing the Ba | lance Sheet. |\n|  | The balance in AUCA | as an 30th Sep | tember 202 | 5 is {1 ,63,3 | 33.67 Cr | ore. Of these, AUC | A amounting |\n|  | to t21 ,141.21Crore | is more than 10 | years old; | {90,819.87 | Crore is | more than 5 years | and up to 10 |", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 6, "section": "8. Provision Coverage Ratio (PCR) as on 30th September 2025 is75.79o/o. PCR with AUCA is 92.29o/o.\nAUCA represents accounts to the extent fully provided and transferred to a separate head called\nAdvance Under Collection Account (AUCA) with a clear purpose of cleansing the Balance Sheet.\nThe balance in AUCA as an 30th September 2025 is {1 ,63,333.67 Crore. Of these, AUCA amounting\nto t21 ,141.21Crore is more than 10 years old; {90,819.87 Crore is more than 5 years and up to 10\nyears old; and <51,372.59 Crore is up to 5 years old", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "17532439920362c5", "content": "[TABLE] Company: SBI | Year: FY2026 | Section: 14. Details of loan transferred/acquired during half year ended 30th September 2025 in terms of RBI's\nMaster Directions on Transfer of Loan Exposures issued vide Circular No. | Page: 7\n\n| 9. | Pursuant to reg | ulatory approval obtaine | d fro | m the Res | erve Bank o | f lndia, the B | ank has | dives | ted its |\n|---|---|---|---|---|---|---|---|---|---|\n|  | entire 14.960/o s | take comprising 7,90, | 80,00 | 0 equity s | hares in Jio | Payments B | ank Ltd | to it | s joint |\n|  | venture partner, | Jio Financial Services | Ltd. ( | JFSL), on | 18th June 2 | 025, at a con | sideratio | n of 7 | 13.22 |\n|  | per share. The | profit amounting to t2 | 5.46 | Crore in t | his transacti | on is recogni | zed in th | e fin | ancial |\n|  | results for the p | eriod. |  |  |  |  |  |  |  |\n| 10. | Pursuant to regu | latory approval obtaine | d from | the Res | erve Bank of | lndia, the Ba | nk divest | ed 1 | 3.18% |\n|  | of its equity sh | areholding in Yes Ban | k Limi | ted, comp | rising 4,13,4 | 4,04,897 eq | uity shar | es, o | n 17th |\n|  | September 202 | 5 at a consideration of | <21.5 | 0 per shar | e. The said | divestment r | esulted i | n a pr | ofit of |\n|  | <4,593.22 Crore | , which has been reco | gnise | d in the Pr | ofit and Los | sAccount as | \"Excepti | onal l | tems\" |\n|  | and will be ap | propriated to the Cap | ital R | eserve in | due cours | e. Conseque | nt to th | e afor | esaid |\n|  | transaction the | Bank's shareholding in | Yes B | ank Ltd. s | tands at 10. | 78o/o as on 3 | 0th Septe | mber | 2025 |\n|  | and continues to | be classified as an As | sociat | e. |  |  |  |  |  |\n| 11. | Pursuant to re | gulatory approval obta | ined | from the | Reserve B | ank of lndia | and the | lnsu | rance |\n|  | Regulatory and | Development Authority | of ln | dia (lRDA | l), the Ban | k acquired an | additio | nal 4. | 925o/o |\n|  | equity stake in | SBI General lnsuranc | e Co | mpany Lt | d. on 19th A | ugust 2025. | Consequ | ent t | o this |\n|  | acquisition, the | Bank's shareholding in | SBI G | eneral lns | urance Comp | any Limited i | ncreased | to 7 | 3.89% |\n|  | as at 30th Septe | mber 2025. |  |  |  |  |  |  |  |\n| 12. | The Bank has | revalued its freehold i | mmov | able prop | erties on 1 | st April 2025 | (earlier | reval | ued in |\n|  | financial year 20 | 22-2023) based on valu | ation | reports ob | tained from | empanelled in | depende | nt va | luers. |\n|  | The net revaluat | ion surplus amounting t | o {7,2 | 88.81 Cro | re has been | credited to R | evaluatio | n Re | serve. |\n| 13. | ln terms of RBI | circular DOR. No. BP. | BC13 | 121.04.048 | 12020-21 da | ted 6thAugu | st 2020 | (Reso | lution |\n|  | Framework 1. | 0), and DOR.STR.REC | .1112 | 1.04.0481 | 2021-22 da | ted sth May | 2021 | (Reso | lution |\n|  | Framework 2.0) | , the details of resolutio | n plan | as on 30t | h Septembe | r 2025 are as | follows: |  |  |\n|  |  |  |  |  |  |  | (t | in C | rore) |\n|  |  | (A) | ( | B) | (c) | (D) | ( | E) |  |\n|  |  | Exposure to accounts | of | (A), | of (A) | of (A) | Expo | sure t | o |\n|  |  | classified as Standard | aggr | egate | amount | amount | accounts | class | ified |\n|  |  | consequent to | deb | t that | written off | paid by the | as St | andar | d |\n|  | Type of | implementation of | slipp | ed into | during the | borrowers | conse | quent | to |\n|  | borrower | resolution plan - | NPA | during | half-year | during the | impleme | ntatio | n of |\n|  |  | Position as at the end of | the h | alf-year |  | half year | resoluti | on pla | n - |\n|  |  | the previous half-year |  |  |  |  | Position | as at | the |\n|  |  |  |  |  |  |  | end of thi | s half | -year |\n|  | Personal |  |  |  |  |  | (A)-(B) | -(c)-( | D) |\n|  | Loans Corporate | 8,967.35 3,955.65 |  | 247.77 165.21 |  | 614.05 617.15 |  | 8,1 3,1 | 05.53 73 29 |\n|  | persons |  |  |  |  |  |  |  |  |\n|  | (of which, |  |  |  |  |  |  |  |  |\n|  | MSMEs are) | 3,377.71 |  | 165.21 |  | 431.59 |  | 2,7 | 80.91 |\n|  | Others |  |  |  |  |  |  |  |  |\n|  | Total | 12,923.O0 |  | 412.98 |  | 1,231.20 |  | 11,27 | 8.82 |\n|  | (includes restructuri | ng implemented during the h | alf year | ended 30th | September 202 | 1 under the Res | olution Fra | mewo | rk 1.0) |\n| 14. | Details of loan | transferred/acquired du | ring h | alf year e | nded 30th S | eptember 202 | 5 in term | s of | RBI's |\n|  | Master Dire | ctions on Transfe | r of | Loan | Exposures | issued vi | de Cir | cula | r No. |\n|  |  |  |  |  |  | K | K |  |  |\n| ,V |  | v $ d\\ |  |  |  |  |  |  |  |\n| V | Y | V |  |  |  |  |  |  |  |", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 7, "section": "14. Details of loan transferred/acquired during half year ended 30th September 2025 in terms of RBI's\nMaster Directions on Transfer of Loan Exposures issued vide Circular No.", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "dfc43f5abde36696", "content": "[TABLE] Company: SBI | Year: FY2026 | Section: V@ V( Y\nYlt | Page: 8\n\n| DO | R.STR.REC. | 51/21 .04. | 048t202 | 1-22 dated 24th Sept | em | ber 2 | 021 (updated | as on 28th | December |\n|---|---|---|---|---|---|---|---|---|---|\n| 202 | 3) are given | below. Th | e transf | er of loans in the seco | nda | ry m | arket is a reg | ular practice | in foreign |\n| juris | dictions. ln | line with t | he inten | t of comprehensive R | BI | guide | lines aimed | at developin | g a robust |\n| sec | ondary mar | ket for loa | ns, the | disclosures provided | he | rein p | ertain only t | o domestic | secondary |\n| mar | ket transacti | ons. |  |  |  |  |  |  |  |\n| Sale | of Loans: |  |  |  |  |  |  |  |  |\n| a. T | he Bank ha | s not tran | sferred | any Special Mention | Ac | count | (SMA) and | loans which | are not in |\n| d | efault. |  |  |  |  |  |  |  |  |\n| b. D | etails of no Particulars | n-performi | asse | ts (NPAs) transferred | are To | as f Asset | ollows T | o To | other |\n|  | (Allamounts Number of a Aggregate pr | in { Crore) ccounts incipal outs | tanding | R Com of loans | econ pan | structi ies (A | on perm RCs) transf 8 | itted trans erees 55 | ferees |\n|  | transferred Weighted av | erage resid | ual tenor | of the loans |  | 2,5 | 14.21 1 | 56.1 6 |  |\n|  | transferred ( Net book val | Years) ue of loans | transferr | ed |  |  |  |  |  |\n|  | (at the time o Agg regate co Additional co | f transfer) nsideration nsideration | realized | in respect of |  | 6 7 | 25.94 09.55 | 4.42 54.10 |  |\n| T | accounts tra he quantum | nsferred in of exces | eadier ye s provi | ars sion reversed to the | Prof | 1 it and | 05.34 Loss Accou | nt is respec | t of above |\n| N | PAs sold is | NlL. |  |  |  |  |  |  |  |\n| c. T | he Security | Receipts | other th | an those guaranteed | by | Gover | nment of lndi | a are fully p | rovided for |\n| a | nd hence th | e book val | ue is nil | across various categ | orie | s of r | atings assign | ed to Securit | y Receipts |\n| b | y the Credit | Rating Ag | encies | as on 30th September | 20 | 25. |  |  |  |\n| Purc | hase of Lo | ans: |  |  |  |  |  |  |  |\n| a. T | he Bank ha | s not acqu | ired any | stressed loan during | the | half y | ear ended on | 30th Septe | mber 2025. |\n| b. T | he Bank | has purc | hased | homogeneous loan | a | ssets | which are | not in de | fault from |\n| N | BFCs/HFC | s/MFls un | der Dire | ct Assignment Route | cov | ered | under Transf | er of Loan E | xposure. |\n| c. D | uring the h | alf year en | ded 30th | September 2025, th | e B | ank h | as purchased | secured & | unsecured |\n| S | ME loans a | nd Agri (A | BU) loa | ns. |  |  |  |  |  |\n| d. D | etails of loa | ns not in d | efault a | cquired (domestic) th | rou | gh as | signment duri | ng the half | year ended |\n| 3 | 0th Septemb | er 2025, | are give | n below: |  |  |  |  |  |\n|  |  |  |  | From SCB, R SICBS, DCCBS, | RBs, AIF | UCB IS, SF | s, Bs | From ARCs |  |\n|  | Particulars (Allamounts | t in Crore) |  | and NBFCs inclu Finance Compa | din nie | g Hou s (HF | sing Cs) |  |  |\n|  |  |  |  | Secured | Un | secure | d Secur | ed Unse | cured |\n|  |  |  |  | Loan |  | Loan | Loa | n Lo | an |\n|  | Aggregate a | mount of lo | ans acqu | ired 6,163.16 |  | 5,88 | 4.64 |  |  |\n|  | Aggregate co Weighted av the loans acq | nsideratio erage resid uired (year | n paid ual tenor s) | 5,523.00 of 10.05 |  | 5,13 | 0.39 2.09 |  |  |", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 8, "section": "V@ V( Y\nYlt", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "0708371052fa25ff", "content": "[TABLE] Company: SBI | Year: FY2026 | Section: P \\\"\nK\nA, | Page: 9\n\n| Particulars (Allamoun | t ts in Crore) |  | a | nd NBFCs incl Finance Comp | uding H anies ( | ousing HFCs) |  |  |\n|---|---|---|---|---|---|---|---|---|\n|  |  |  |  | Secured | Unsec | ured S | ecured Un | secured |\n| Retention | of the benefici | al econ | omic | Loan | Loa | n | Loan | Loan |\n| interest by Tangible S | the originator ecurity Cover | age |  | 10.39% 269.51% |  | 12.78% NA |  |  |\n| e. The loans | acquired are | not ra | ted as th | ese are not | corpora | te borrowers |  |  |\n| f. Rating of | pool under D | irectAs | signmen | t is not man | datory, | therefore a | s per lndustry | Practice an |\n| Bank's Ass | ignment Pol | icy, Lo | ss Estim | ates are obta | ined fr | om External | Rating agency | . |\n| The Bank has | allotted 30,5 | 9,97,5 | 52 fully | paid-up equit | y share | s to the elig | ible Qualified | lnstitutional |\n| Buyers (alBs) | at an lssue | Price | of <817. | 00 per equity | share | of face valu | e of {1 each | (including a |\n| premium of 1 | 816.00 per | equity | share), | aggregating | to {25 | ,000 Crore, | on 21't July | 2025. Pos |\n| allotment, the | Paid-up Eq | uity Sh | are Capi | tal of the Ba | nk incre | ased from | <892.46 Crore | to t923.06 |\n| Crore compris | ing of 923,06 | ,17,58 | 6 equity | shares of fa | ce valu | e {1 each. |  |  |\n| Pursuant to G | azette Notific | ation | No. CG-D | L-E-0704202 | 5-2623 | 29 dated 5t | h April 2025, t | he following |\n| Regional Rura | l Banks (RR | Bs), s | ponsored | by State Ba | nk of ln | dia, have b | een amalgama | ted and the |\n| sponsor bank | has been ch | anged | in respe | ct of five RR | Bs with | effect from | 1\" May 2025. |  |\n| a. RRBs wh | ere State B | ank of | lndia ce | ased to be | the sp | onsor bank | (stake trans | ferred): Th |\n| following fi | ve RRBs, ea | rlier s | ponsored | by the Stat | e Bank | of lndia, ha | ve been amalg | amated an |\n| their spon | sorship has b | een tr | ansferred | to other ban | ks. Th | e Bank has | offloaded its e | ntire stake |\n| <1,085.94 Nam | Crore (face e of Transf | value) eror | in these | five RRBs. New | Name a | fter |  |  |\n| Andhra | Pradesh Gra | R meen | RB a Vikas | Amal Andhra Pra | gamati desh G | on rameena | New Spons Union Bank of | or Bank lndia |\n| Bank Saurash Ellaquai | tra Gramin B Dehati Bank | ank |  | Bank Gujarat Gra Jammu Grameen B | min Ba and ank | nk Kashmir | Bank of Barod The Jammu a Bank Ltd. | a nd Kashmir |\n| Madhya Utkal Gr | nchal Grami ameen Bank | n Bank |  | Madhya P Bank Odisha Gra | rades meen B | h Gramin ank | Bank of lndia lndian Overse | as Bank |\n| b. RRB wher | e State Ban | k of l | ndia bec | ame the sp | onsor | bank (stake | acquired): A | s part of th |\n| amalgamat | ion, the Ban | k (as t | he new s | ponsor of Ra | jasthan | Gramin Ba | nk) has paid < | 108.27 Cror |\n| to Bank of Nam | Baroda on a e of Transf | ccount eror R | of the tr RB | ansfer of spo New | nsorshi Name a | p. fter | New Spons | or Bank |\n| Rajast Bank | han Marudh (merged | ara with | Gramin Baroda | Amal | gamati | on |  |  |", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 9, "section": "P \\\"\nK\nA,", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "4c100e2eb20673a9", "content": "[TABLE] Company: SBI | Year: FY2026 | Section: For Vinod Kumar & Associates\nChartered Accountants\nFRN: 002304N\n(VA)t\" > ForRGNPrice&Co.\nChartered Accountants\nFRN: 0027855 | Page: 10\n\n| 7. ln | vesto | r's | complaints rec | eived and | disposed off during the quartere | nded on 30t | h Septe |\n|---|---|---|---|---|---|---|---|\n| ar | e: |  |  |  |  |  |  |\n|  | Partic | ula | rs |  |  | Number o | f Compl |\n|  | a. Pe | nd | ing at beginning | of the q | uarter |  | Nit |\n|  | b. Re | cei | ved during the | quarter |  |  | bo |\n|  | c. Di | spo | sed during the | quarter |  |  | 66 |\n|  | d. Un | res | olved at the en | d of the | quarter |  | Nit |\n| 18. T | he fig | ure | s for the quart | er ended | 30th September 2025 are the bala | ncing figure | s betwee |\n| a | s per | th | e reviewed fin | ancial st | atements for the half year ende | d 30th Sept | ember 2 |\n| p | ublish | ed | figures for the | quarter e | nded 30th June 2025. |  |  |\n| 9. Pr | eviou | s p | eriod/year figur | es have | been regrouped / reclassified, whe | rever neces | sary, to |\n| cu | rrent | pe | riod classifi catio | n. |  |  |  |\n| ma |  |  | ara | Ashu | tosh | Tonse |  |\n| Mana | ging | Dir | ector | Mana | M. ' ging Di Managing | Director | Ashwi Ma |\n| (tB | , cM | & | T) | (R, | G & SARG) (RB & | O) | (cB |\n|  |  |  |  |  | Chal ulu Setty |  |  |\n|  |  |  |  |  | (Chairman) |  |  |\n| For R | avi | Raj | an & Go. LLP. |  | For Gokhale & Sathe | FoTJLNU | S&Co. |\n| Char | tered | Ac | countants |  | Chartered Accountants |  |  |\n| FRN: | 0090 | 73 | N / |  | FRN:103264 |  |  |\n|  |  |  |  |  | e)ou |  |  |\n| CA S | umit | Ku | mar |  | CA Rah Joglekar | CA Shalabh | Kumar |\n| Partn | er: M | . N | o.512555 |  | Partner: M. No. 129389 | Partner: M. | No. 401 |\n| For V | inod | Ku | mar & Associ | ates | ForRGNPrice&Co. | For Rama | K Gupta |\n| Chart | ered | Ac | countants |  | Chartered Accountants | A | ccounta |\n| FRN: | 0023 | 04 | N |  | FRN: 0027855 | N:00500 | 5C |\n| ( | VA | ) | t\" |  |  |  |  |\n| CA M | ukes | h D | adhich |  | CA P.M. Veeramani | CA | r G |\n| Partn | er: M | . N | o. 511741 |  | Partner: M. No. 023933 | Partner: M. | No.0876 |", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 10, "section": "For Vinod Kumar & Associates\nChartered Accountants\nFRN: 002304N\n(VA)t\"", "subsection": "ForRGNPrice&Co.\nChartered Accountants\nFRN: 0027855", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "12a24458173bb9f9", "content": "[TABLE] Company: SBI | Year: FY2026 | Section: pgt-Ll'-- t/ > FoTSGCO&Co.LLP\nChartered Accountants\nFRN: 112081WA/V100184 | Page: 11\n\n| For Varma & Varma | For Gopal Sharma & Go. | ForBCJain&Co. |\n|---|---|---|\n| Chartered | Chartered Accountants | Chartered Accounta |\n| FRN | FRN:002803C | FRN:001099C |\n|  | t/ | -1 |\n|  | pgt-Ll'-- |  |\n| CA na Varma | CA Abhishek Sharma | CA KunalJain |\n| Partner: M. No.025854 | Partner: M. No.079224 | Partner: M. No.432 |\n| ForOPBagla&Co.LLP | FoTSGCO&Co.LLP |  |\n| Chartered | Chartered Accountants |  |\n| FRN: 1 | FRN: 112081WA/V100184 |  |\n| P No.510841 | Partner: M. No.044739 |  |\n| Place: Mumbai |  |  |\n| Date: 04th November 2025 |  |  |", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 11, "section": "pgt-Ll'-- t/", "subsection": "FoTSGCO&Co.LLP\nChartered Accountants\nFRN: 112081WA/V100184", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "5cff84eb2126b49b", "content": "[TABLE] Company: SBI | Year: FY2026 | Section: 8. Pursuant to exercise of options under the approved Employee Stock Option Plan (ESOP),\nfollowing group entities have issued equity shares to their eligible employees: -\nD\n\\\nN\nk | Page: 12\n\n| 1. | The above cons | olidated financial | results f | or the quarter | and half | year ended 30th | September |\n|---|---|---|---|---|---|---|---|\n|  | 2025 have been | drawn from Con | solidated | Financial Stat | ements | prepared in accor | dance with |\n|  | Accounting Sta | ndard (AS) 25 \"l | nterim Fi | nancial Repor | ting\", th | e relevant provis | ions of the |\n|  | Banking Regula | tion Act 1949, th | e circular | s, guidelines a | nd direc | tions issued by th | e Reserve |\n|  | Bank of lndia | (RBl), lnsurance | Regulat | ory and Deve | lopment | Authority of lnd | ia (lRDAl), |\n|  | Pension Fund | Regulatory and | Develo | pment Authori | ty (PFR | DA), SEBI (Mut | ual Funds) |\n|  | Regulations, 19 | 96 from time to t | ime and | other Account | ing Stan | dards issued by | lnstitute of |\n|  | Chartered Acc | ountants of lndi | a (lCAt) | and as per | the req | uirements of SE | BI (Listing |\n|  | Obligations and | Disclosure Requi | rements) | Regulations, | 2015 (as | amended). |  |\n| 2. | The above cons | olidated financial | results f | or the quarter | and half | year ended 30th | September |\n|  | 2025 have bee | n reviewed by t | he Audit | Committee o | f the Bo | ard at its meeti | ng held on |\n|  | 3'd November | 2025 and appr | oved by | the Board o | f Directo | rs at its meeti | ng held on |\n|  | 4th November 2 | 025.These consol | idated fin | ancial results | have be | en subject to Limi | ted Review |\n|  | by the Statutory | Central Auditor o | f the Ban | k. |  |  |  |\n| 3. | The above cons | olidated financial | results f | or the quarter | and half | year ended 30th | September |\n|  | 2025 have been | arrived at after | consideri | ng necessary p | rovisions | for Non-Perform | ing Assets |\n|  | (NPAs), Stand | ard Assets, Sta | ndard D | erivative Exp | osures, | Restructured As | sets, Non- |\n|  | Performing lnve | stments, Conting | encies, | Employee Ben | efits, Dir | ect Taxes (after | adjustment |\n|  | for Deferred Tax | ) and other asset | s / items | (based on esti | mates). |  |  |\n| 4. | Other income | of SBI Group i | ncludes | commission f | rom non | -fund based ac | tivities, fee |\n|  | income, earning | s from foreign e | xchange | and derivative | transac | tions, profit or los | s on sale / |\n|  | revaluation of | investments, div | idend fr | om associate | s, insur | ance premium in | come and |\n|  | recoveries mad | e in written-off acc | ounts. |  |  |  |  |\n| 5. | There is no ch | ange in the Signi | ficant Ac | counting Polic | ies adop | ted for the quart | er and half |\n|  | year ended 30t | h September 202 | 5 as co | mpared to tho | se follow | ed in the previo | us financial |\n|  | year ended 31st | March 2025. |  |  |  |  |  |\n| 6. | The above con | solidated financia | l results | of State Bank | of lndia | ('SBl' or 'the Ba | nk') include |\n|  | the results of S | BI and its 27 S | ubsidiarie | s, 8 Joint Ve | ntures a | nd 17 Associates | (including |\n|  | 14 Regional Ru | ral Banks) from/ | upto resp | ective date of | their am | algamation / exit | during the |\n|  | period, referred | to as the \"Group\" | . |  |  |  |  |\n| 7. | Pursuant to reg | ulatory approval | obtained | from the Res | erve Ban | k of lndia, SBI h | as divested |\n|  | its entire 14.96 | % stake comprisin | g 7,90,8 | 0,000 equity s | hares in | Jio Payments Ba | nk Ltd to its |\n|  | joint venture pa | rtner, Jio Financ | ial Servic | es Ltd. (JFSL | ), on 18t | h June 2025. Fo | llowing this |\n|  | disinvestment, | Jio Payments B | ank Ltd | . is no longe | r a grou | p company of | SBI and is |\n|  | considered as j | ointly controlled | entity on | ly up to 17th J | une 202 | 5 in Consolidate | d Financial |\n|  | Statements of S | Bl. |  |  |  |  |  |\n| 8. | Pursuant to exe | rcise of options | under th | e approved E | mployee | Stock Option Pl | an (ESOP), |\n|  | following group | entities have issu | ed equity | shares to thei | r eligible | employees: - |  |\n|  |  |  |  |  |  |  | k |\n|  | N |  |  |  |  |  |  |", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 12, "section": "8. Pursuant to exercise of options under the approved Employee Stock Option Plan (ESOP),\nfollowing group entities have issued equity shares to their eligible employees: -\nD\n\\\nN\nk", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d0a9b5c0e97d22b4", "content": "[TABLE] Company: SBI | Year: FY2026 | Section: a) The details of amalgamation of RRBs, where the transferee RRBs are not sponsored by\nSBI are as below:\nq | Page: 13\n\n| ft6 h | nkloewy;.fu |  |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|---|\n|  | SBI Cards an | d Paymen | t Services Limite | d has allotte | d 1,90,5 | 50 equity sha | res of | {10 each |\n|  | during the ha | lf year en | ded 30th Septem | ber 2025. C | onseque | ntly, the stak | e of S | BI in SBI |\n|  | Cards and Pa | yment Se | rvices Limited ha | s reduced fr | om 68.60 | % to 68.59%. |  |  |\n|  | SBI Life lnsu | rance Co | mpany Limited | has allotted | 4,32,91 | 9 equity shar | es of | {10 each |\n|  | during the ha | lf year e | nded 30th Septem | ber 2025. C | onseque | ntly, the stak | e of S | BI in SBI |\n|  | Life lnsuranc | e Compan | y Limited has red | uced from 5 | 5.38% to | 55.36%. |  |  |\n| lll. | SBI Funds M | anageme | nt Limited has allo | tted 6,23,26 | 9 equity | shares of t1 | each | during the |\n|  | half year en | ded 30th | September 2025 | . Conseque | ntly, the | stake of SB | I in S | BI Funds |\n|  | Management | Limited h | as reduced from | 61.98% to 6 | 1.91o/o a | nd the stake | of SBI | Group in |\n|  | SBI Funds [v | lanageme | nt (lnternational) | Private Lim | ited & S | BI Funds lnte | rnation | al (IFSC) |\n|  | Limited has | reduced f | rom 61.98% to | 61.91o/o dnd | stake o | f SBI Group | in SB | I Pension |\n|  | Funds Private | Limited | has reduced from | 92.40o/o to | 92.38o/o. |  |  |  |\n| lV. | SBI General | lnsurance | Company Limit | ed has allott | ed 75,36 | 3 equity shar | es of | {10 each |\n|  | during the ha | lf year en | ded 30th Septemb | er 2025. |  |  |  |  |\n| V. | Yes Bank Li | mited has | allotted 1,81,85, | 573 equity s | hares of | t2 each duri | ng the | half year |\n|  | ended 30th S | eptember | 2025. |  |  |  |  |  |\n| 9. | Pursuant to re | gulatory a | pproval obtained | from the Re | serve Ba | nk of lndia an | d the | lnsurance |\n|  | Regulatory an | d Develop | ment Authority of | lndia (lRDA | I), SBI a | cquired an ad | dition | al 4.925o/o |\n|  | equity stake in | SBI Gen | eral lnsurance C | ompany Ltd | on 19th | August2025. | Cons | equent to |\n| t | his acquisition | and issu | ance of equity s | hares under | ESOP s | cheme as me | ntione | d in point |\n|  | no. 8(lV), the | stake of S | BI in SBI Genera | l lnsurance | Compan | y Limited has | incre | ased from |\n|  | 68.99% to 73.8 | 9% as on | 30th September | 2025. |  |  |  |  |\n| 10. | Pursuant to re | gulatory | approval obtaine | d from the | Reserve | Bank of lndi | a, SB | I divested |\n|  | 13.18o/o of its | equity sh | areholding in Ye | s Bank Limi | ted, com | prising 4,13,4 | 4,04,8 | 97 equity |\n|  | shares, on 17th | Septemb | er 2025. The said | divestment | resulted | in a profit of | 13,026 | .57 Crore |\n| ( | net of adjust | ments as | per Accounting | Standards | 23 - 'A | ccounting for | lnves | tments in |\n|  | Associates in | Consolid | ated Financial S | tatements') | which | has been rec | ognis | ed in the |\n|  | Consolidated | Profit and | Loss Account as | \"Exceptiona | l ltems\". | Consequent | to the | aforesaid |\n| t | ransaction an | d issuanc | e of equity share | s under ES | OP sche | me as mentio | ned in | point no. |\n|  | 8(V), the stak | e of SBI | in Yes Bank L | td. has red | uced fro | m 23.97o/o to | 10.78 | o/o as on |\n|  | 30th Septembe | r 2025 an | d continues to be | classified a | s an Asso | ciate. |  |  |\n| 11. | The Bank ha | s allotte | d 30,59,97,552 f | ully paid-u | p equity | shares to e | ligible | Qualified |\n| l | nstitutional Bu | yers (QlB | s) at an lssue Pri | ce of <817. | 00 per eq | uity share of | face v | alue of {1 |\n|  | each (includin | g a premi | um of 1816.00 pe | r equity sha | re), aggr | egating to t2 | 5,000 | Crore, on |\n|  | 21't July 2025. | Post allot | ment, the Paid-u | p Equity Sha | re Capit | al of the Bank | incre | ased from |\n|  | <892.46 Crore | to 1923. | 06 Crore compris | ing of 923,0 | 6,17,586 | equity share | s of f | ace value |\n| { | 1 each. |  |  |  |  |  |  |  |\n| 12. | Pursuant to G | azette No | tification No. CG | -DL-E-07042 | 025-262 | 329 dated Sth | April | 2025, the |\n| f | ollowing Regi | onal Rura | l Banks (RRBs) | sponsored | by the St | ate Bank of l | ndia a | nd RRBs |\n|  | sponsored by | other bank | s have been ama | lgamated fr | om lstN/l | ay 2025. |  |  |\n| a) | The details of | amalgam | ation of RRBs, w | here the tr | ansferee | RRBs are no | t spo | nsored by |\n|  | SBI are as belo | w: |  |  |  |  |  |  |\n|  | q |  |  |  |  |  |  |  |", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 13, "section": "a) The details of amalgamation of RRBs, where the transferee RRBs are not sponsored by\nSBI are as below:\nq", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "fac39c946b602292", "content": "[TABLE] Company: SBI | Year: FY2026 | Section: 15. ln accordancewith current RBI guidelines, thegeneral clarification issued by lCAl has been\nconsidered in the preparation of the consolidated financial results. Accordingly, additional\nstatutory information disclosed in separate financial statements of the parent and its\nq | Page: 14\n\n| rho knb.ioe | wry |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|---|\n| Sr. | Name of transferor RR | Bs | Sponsor Ban | k of | New Name after | Spo | nsor Bank |\n| No. |  |  | transferor R | RBs | Amalgamation | tran | sferee RR |\n|  |  |  | State Bank of | lndia | of RRBs Andhra Pradesh | Unio | n |\n| 1 | Andhra Pradesh Gramee Vikas Bank | na |  |  | Grameena Bank | Ban | k of lndia |\n|  | Chaitanya Godavari |  | Union Bank o | f lndia |  |  |  |\n|  | Grameena Bank |  |  |  |  |  |  |\n|  | Andhra Pragathi Gramee | na | Canara Bank |  |  |  |  |\n|  | Bank |  |  |  |  |  |  |\n|  | Saptagiri Grameena Ban | k | lndian Bank |  |  |  |  |\n| 2 | Saurashtra Gramin Bank |  | State Bank of | lndia | Gujarat Gramin | Ban | k of Baroda |\n|  | Baroda Guiarat Gramin | Bank | Bank of Baro | da | Bank |  |  |\n| 3 | Ellaquai Dehati Bank |  | State Bank of | lndia | Jammu and | The | Jammu an |\n|  | J&KGrameenBank |  | The Jammu a | nd | Kashmir | Kas | hmir Bank |\n|  |  |  | Kashmir Ban | k Ltd. | Grameen Bank | Ltd. |  |\n| 4 | Madhyanchal Gramin Ba | nk | State Bank of | lndia | lMadhya Pradesh | Ban | k of lndia |\n|  | Madhya Pradesh Gramin |  | Bank of lndia |  | Gramin Bank |  |  |\n|  | Bank |  |  |  |  |  |  |\n| 5 | Utkal Grameen Bank |  | State Bank of | lndia | Odisha Grameen | lndi | an |\n|  |  |  |  |  | Bank | Ove | rseas Bank |\n|  | Odisha Gramya Bank |  | lndian Overse | as |  |  |  |\n|  |  |  | Bank |  |  |  |  |\n| By virt | ue of above notification, | the tr | ansfer of stak | e of Spo | nsor Banks has ta | ken pl | ace at face |\n| value | of the shares. Accordin | gly, i | n consolidate | d profit a | nd loss account, | SBI h | as debited |\n| <669.5 | 0 Crore (net) towards r | evers | al of differenc | e betwee | n the carrying va | lue of | investment |\n| (net of | provision) and face value | of in | vestment in th | ese five | RRBs. |  |  |\n| b) The | details of amalgamation | of RR | Bs, where th | e transfer | ee RRB is sponso | red by | SBI are as |\n| Sr. | Name of transferor RR | Bs | Sponsor Ba | nk of | New Name aft | er | Sponsor B |\n| No. |  |  | transferor R | RBs | Amalgamation | of | of transfer |\n|  | Rajasthan Marudhara |  | State o | f | RRBs |  | RRBs State Bank |\n| 1 | Gramin Bank |  | Bank | lndia | Rajasthan Gram Bank | in | lndia |\n|  | Baroda Rajasthan Kshet | riya | Bank of Baro | da |  |  |  |\n|  | Gramin Bank |  |  |  |  |  |  |\n| Th | e carrying value of inve | stmen | t for newly fo | rmed RR | B is included as p | er equ | ity method |\n| gi | ven in Accounting Sta | ndard | 23 s 'Acc | ounting | for lnvestments | in As | sociates in |\n| C | onsolidated Financial Stat | emen | ts'. |  |  |  |  |\n| 13. S | BI has revalued its freeh | old im | movable pro | perties o | n 1't Aprrl 2025 (e | arlier | revalued in |\n| fin | ancial yeat 2022-202 | 3) ba | sed on val | uation re | ports obtained | from | empaneled |\n| in | dependent valuers. the | net re | valuation sur | plus amo | unting to t7,288.8 | 1 Cror | e has been |\n| cr | edited to Revaluation Res | erve. |  |  |  |  |  |\n| 14. Th | e figures for the quarter | ende | d 30th Septem | ber 2025 | are the balancin | g figure | s between |\n| th | e figures as per the revie | wed fi | nancial state | ments for | the half year ende | d 30th | September |\n| 20 | 25 and the published figu | res fo | r the quarter | ended 30t | h June 2025. |  |  |\n| 15. ln | accordancewith current | RBI g | uidelines, the | general c | larification issued | by lCA | l has been |\n| co | nsidered in the preparat | ion of | the consolid | ated finan | cial results. Acco | rdingly | , additional |\n| st | atutory information discl | osed | in separate | financial | statements of th | e par | ent and its |", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 14, "section": "15. ln accordancewith current RBI guidelines, thegeneral clarification issued by lCAl has been\nconsidered in the preparation of the consolidated financial results. Accordingly, additional\nstatutory information disclosed in separate financial statements of the parent and its\nq", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "b20d9ae918369558", "content": "[TABLE] Company: SBI | Year: FY2026 | Section: Moh\nRana Ash\nnay M. Tonse As\numar Tewari\nng\nManaging Di\nManaging Director\n(RB & o)\ning Director\n(tB, GM & T)\n(R, C & SARG)\nidiaries) | Page: 15\n\n| subsidiaries having no bearing on the true and fair vie | w of the consolidated financi | al results |\n|---|---|---|\n| and also the information pertaining to the items wh | ich are not material have | not been |\n| disclosed in the consolidated financial statements i | n view of the Accounting | Standard |\n| lnterpretation issued by lCAl. |  |  |\n| Previous period/ year figures have been regrouped/ | reclassified, wherever nece | ssary, to |\n| conform to current period classification. |  |  |\n| h Rao Amara Rana Ash | Tonse nay M. As | um |\n| ng Director Managing Di | Managing Director | ing |\n| GM & T) (R, C & SARG) | (RB & o) |  |\n| S | etty |  |\n| (Ghairfran) |  |  |\n| of our Report of even date |  |  |\n| Rajan & Co LLP |  |  |\n| d Accountants |  |  |\n| 073N / N500320 |  |  |\n| t Kumar |  |  |\n| 2555 |  |  |\n| umbai |  |  |\n| November 2025 |  |  |", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 15, "section": "Moh\nRana Ash\nnay M. Tonse As\numar Tewari\nng\nManaging Di\nManaging Director\n(RB & o)\ning Director\n(tB, GM & T)\n(R, C & SARG)\nidiaries)", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "f80122aaaef97a04", "content": "[TABLE] Company: SBI | Year: FY2026 | Section: 2.\nThe Statement, which is the responsibility of the Bank's Management and has been approved by\nthe Bank's Board of Directors, has been prepared by the Bank's Management in accordance with\nthe recognition and measurement principles laid down in Accounting Standard 25'lnterim Financial\nReporting' (AS 25) issued by the lnstitute of Chartered Accountants of lndia, the relevant\nprovisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by\nthe Reserve bank of lndia ('RBl') from time to time ('the RBI Guidelines') and other accounting\nprinciples generally accepted in lndia. Our responsibility is to express a conclusion on the\nStatement based on our review. | Page: 16\n\n| lndep | enden | t Auditor | s' Revi | ew Report on the | Unaudited Standalo | ne Financial Results o | f State Bank |\n|---|---|---|---|---|---|---|---|\n| of !nd | ia for | the quart | er and | half year ended S | eptember 30, 2025 | pursuant to the Regul | ation 33 and |\n| Regu | lation | 52 read | with | Regulation 63(2 | ) of the SEBI (Lis | ting Obligations and | Disclosure |\n| Requ | ireme | nts) Regu | lations | , 2015 (as amen | ded) |  |  |\n| To |  |  |  |  |  |  |  |\n| The B | oard o | f Directors | , |  |  |  |  |\n| State | Bank | of lndia, |  |  |  |  |  |\n| State | Bank | Bhavan, |  |  |  |  |  |\n| Mada | me Ca | ma Road, |  |  |  |  |  |\n| Mumb | - ai 4 | OOO21. |  |  |  |  |  |\n| 1 | We ha | ve review | ed the | accompanying Stat | ement of Unaudited | Standalone Financial R | esults of State |\n|  | Bank | of lndia ('t | he Ban | k') for the quarter | and half year ended | September 30,2025 ('th | e Statement') |\n|  | attach | ed herewit | h, bein | g submitted by the | Bank pursuant to t | he requirements of Reg | ulation 33 and |\n|  | Regul | ation 52 | read | with Regulation 6 | 3(2) of the SEBI | (Listing Obligations a | nd Disclosure |\n|  | Requi | rements) | Regula | tions, 2015, as a | mended ('LODR Re | gulations') except for th | e disclosures |\n|  | relatin | g to Pillar | 3 discl | osure under Basel | lll Capital Regulation | s, Leverage Ratio, Liqui | dity Coverage |\n|  | Ratio | and Net St | able F | unding ratio as dis | closed on the Bank' | s website and in respe | ct of which a |\n|  | link ha | s been pr | ovided | in the Statement a | nd have not been re | viewed by us. |  |\n| 2. | The S | tatement, | which | is the responsibility | of the Bank's Man | agement and has been | approved by |\n|  | the Ba | nk's Boar | d of Dir | ectors, has been | prepared by the Ban | k's Management in acc | ordance with |\n|  | the re | cognition a | nd me | asurement principl | es laid down in Acco | unting Standard 25'lnte | rim Financial |\n|  | Repo | rting' (AS | 25) is | sued by the lnst | itute of Chartered | Accountants of lndia, | the relevant |\n|  | provis | ions of the | Banki | ng Regulation Act | , 1949, the circulars, | guidelines and directio | ns issued by |\n|  | the R | eserve ba | nk of l | ndia ('RBl') from t | ime to time ('the RB | I Guidelines') and othe | r accounting |\n|  | princip | les gene | rally a | ccepted in lndia. | Our responsibility i | s to express a concl | usion on the |\n|  | Statem | ent base | d on ou | r review. |  |  |  |\n| 3 | We co | nducted o | ur revie | w of the Statement | in accordance with t | he Standard on Review | Engagements |\n|  | (SRE) | 2410 \"Re | view o | f lnterim Financial | lnformation Perform | ed by the lndependent | Auditor of the |\n|  | Entity\" | , issued by | the ln | stitute of Chartered | Accountants of lndi | a. This standard requires | that we plan |\n|  | and pe | rform the | review | to obtain moderate | assurance as to wh | ether the financial state | ments are free |\n|  | of mat | erial missta | tement | . A review is limite | d primarily to inquiries | of company personnel | and analytical |\n|  | proced | ures appli | ed to f | inancial data and t | hus provides less a | ssurance than an audit. | We have not |\n|  | perfor | med an au | dit and | accordingly, we do | not express an audit | opinion. |  |\n| 4 | The fin | ancial res | ults inc | lude the relevant r | eturns of 20 branche | s, Central Accounts Offi | ce and Global |\n|  | Marke | t Unit revi | ewed b | y us and 15 foreig | n branches reviewed | by the Local Auditors | of the Foreign |\n|  | Branch | es, specif | ically a | ppointed for this pu | rpose. These review | reports cover Rs.13,10, | 212.29 Crore |\n|  | of the | advances | portfolio | of the Bank and R | s.1 ,695.33 Crore of t | he non-performing asset | s of the Bank. |\n|  | Apart f | rom these, | the fin | ancial results also i | nclude un-reviewed r | eturns in respect of 2573 | 6 branches & |\n|  | Offices | . We have | also r | elied upon various i | nformation and return | s of these un-reviewed | branches. |\n| 5 | Based | on our rev | iew co | nducted as above, | nothing has come to | our attention that causes | us to believe |\n|  | that th | e accompa | nying | Statement of unau | dited standalone fina | ncial results including n | otes thereon |\n|  | prepa | red in acc | ordanc | e with applicable | accounting standa | rds and other recognize | d accounting |\n|  | practic | es and pol | icies ha | s not disclosed the | information required | to be disclosed in terms | of Regulation |\n|  | L(' | \" |  |  |  |  |  |\n| ! | v | Y | l0 | v I | fj1 |  |  |", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 16, "section": "2.\nThe Statement, which is the responsibility of the Bank's Management and has been approved by\nthe Bank's Board of Directors, has been prepared by the Bank's Management in accordance with\nthe recognition and measurement principles laid down in Accounting Standard 25'lnterim Financial\nReporting' (AS 25) issued by the lnstitute of Chartered Accountants of lndia, the relevant\nprovisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by\nthe Reserve bank of lndia ('RBl') from time to time ('the RBI Guidelines') and other accounting\nprinciples generally accepted in lndia. Our responsibility is to express a conclusion on the\nStatement based on our review.", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "79ae287ca576b040", "content": "[TABLE] Company: SBI | Year: FY2026 | Section: ftt t*;t l'-' > FoTSGCO&Go.LLP\nChartered Accountants | Page: 17\n\n| 33 of the SEBI (Listing Obli | gations and Disclosure Requiremen | ts) Regulations,20 | 15, in | cludin | g the |\n|---|---|---|---|---|---|\n| manner in which it is to be | disclosed, or that it contains any | material misstateme | nt or | that | it has |\n| not been prepared in acc | ordance with the relevant guidelin | es / prudential nor | ms iss | ued b | y the |\n| Reserve Bank of lndia in res | pect of income recognition, asset cl | assification, provisi | oning | and | other |\n| related matters. |  |  |  |  |  |\n| For Ravi Rajan & Co. LLP. | For Gokhale & Sathe | FoTJLNUS&Co. |  |  |  |\n| Chartered Accountants | Chartered Accountants |  |  |  |  |\n| FRN: 009073N / N500320 | FRN:103264 |  |  |  |  |\n| CA Sumit Kumar | CA hu lekar | CA Shalabh Kumar | Daga |  |  |\n| Partner: M. No.512555 | Partner: M. No. 129389 | Partner: M. No. 401 | 428 |  |  |\n| UDIN: 2551 2555BMNPUU6291 | U Dt N. 251293898MJ tYM5447 | UDI N : 25401 4288M | IAPN9 | 23 1 |  |\n| For Vinod Kumar & Associates | ForRGNPrice&Co. | For Rama K Gupta | & Co. |  |  |\n| Chartered Accountants | Chartered Accountants | red Accounta | nts |  |  |\n| FRN:002304N | FRN: 0027855 | 005005c |  |  |  |\n|  | 4ih/Uu^a^ltt/1 |  |  |  |  |\n| Dadhich | CA P.M. Veeramani | CA Abhay |  |  |  |\n| Partner: M. No.511741 | Partner: M. No. 023933 | Partner: 0876 | 79 |  |  |\n| UDI N: 2551 1741 BMLJDZ8008 | UDIN: 250239338M1HY25057 | UDI N: 250876798M | N2M2 | 3490 |  |\n| For Varma & Varma | For Gopal Sharma & Co. | ForBCJain&Co. |  |  |  |\n| Chartered Accountants FRN | Chartered Accountants FRN:002803C | Chartered Accounta FRN:001099C | nts |  |  |\n|  | e/ l'-' | ,(p, r -l - | >! |  |  |\n|  | t*;t ftt |  |  |  |  |\n| R Prasanna Varma | CA Abhishek Sharma | CA Kunal Jain |  |  |  |\n| Partner: M. No.025854 | Partner: M. No.079224 | Partner: M. No.4327 | 80 |  |  |\n| U Dl N : 250258548M OBLP8739 | U Dl N : 2507 92248M LYGK2670 | U Dl N : 254327 80BM | M LXK | 4356 |  |\n| ForOPBagla&Co.LLP | FoTSGCO&Go.LLP |  |  |  |  |\n| Chartered | Chartered Accountants |  |  |  |  |\n| FRN 1 |  |  |  |  |  |\n| Pa r: M. 510841 | Partner: M. No.044739 |  |  |  |  |\n| U Dl N : 2551 08418M NYHQ2755 | U Dl N : 250447 39BM LAPD8025 |  |  |  |  |\n| Place: Mumbai |  |  |  |  |  |\n| Date: 4h November 2025 |  |  |  |  |  |", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 17, "section": "ftt t*;t l'-'", "subsection": "FoTSGCO&Go.LLP\nChartered Accountants", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "4502fc1255a135bf", "content": "[TABLE] Company: SBI | Year: FY2026 | Section: 4. The Statement includes the results of the following entities: | Page: 18\n\n| tnd | ependent Au | ditor's Rev | iew Report on Con | solidated Un | audited | Financia! Results | of State Bank |\n|---|---|---|---|---|---|---|---|\n| of l | ndia for the q | uarter and | half year ended S | eptember 30, | 2025 p | ursuant to the Regu | lation 33 and |\n| Re | gutation 52 | read with | Regulation 63(2) | of the SEB | ! (Listi | ng Obligations an | d Disclosure |\n| Re | quirements) R | egulations | , 2015, as amende | d. |  |  |  |\n| To |  |  |  |  |  |  |  |\n| The | Board of Dire | ctors |  |  |  |  |  |\n| Sta | te Bank of lndi | a, |  |  |  |  |  |\n| Sta | te Bank Bhava | n, |  |  |  |  |  |\n| Ma | dame Cama R | oad, |  |  |  |  |  |\n| Mu | mbai - 400021 |  |  |  |  |  |  |\n| 1. | We have revie | wed the ac | companying Statem | ent of Consoli | dated U | naudited Financial R | esults of State |\n|  | Bank of lndia | (\"the Bank | \") and its subsidiari | es (the Bank | and its | subsidiaries together | referred to as |\n|  | \"the Group\"), | its joint ve | ntures and its share | of the net pr | ofiU(los | s) after tax of its asso | ciates for the |\n|  | quarter and h | alf year en | ded September 30 | , 2025 (\"the | Stateme | nt\"), being submitted | by the Bank |\n|  | pursuant to th | e requirem | ent of Regulation 3 | 3 and 52 read | with R | egulation 63(2) of the | SEBI (Listing |\n|  | Obligations a | nd Disclos | ure Requirements) | Regulations, | 2015, a | s amended (\"LODR | Regulations\") |\n|  | except for th | e disclosur | es relating to conso | lidated Pillar | 3 discl | osure as at Septem | ber 30, 2025, |\n|  | including leve | rage ratio, | liquidity coverage r | atio and net s | table fu | nding ratio under Ba | sel lll Capital |\n|  | Regulations a | s have be | en disclosed on the | Bank's websit | e and i | n respect of which a | link has been |\n|  | provided in th | e Statemen | t and have not been | reviewed by | us. |  |  |\n| 2. | This Stateme | nt, which is | the responsibility o | f the Bank's | Manage | ment and approved | by the Bank's |\n|  | Board of Direc | tors, has b | een prepared in acc | ordance with t | he recog | nition and measurem | ent principles |\n|  | laid down in A | ccounting S | tandard 25 \"lnterim | Financial Rep | orting\" ( | 'AS 25'), issued by t | he lnstitute of |\n|  | Chartered Ac | countants | of lndia, the releva | nt provisions | of the | Banking Regulation | Act, 1949, the |\n|  | circulars, guid | elines and | directions issued by | the Reserve | Bank of | lndia (RBl) from time | to time (\"RBl |\n|  | Guidelines\") | and other | accounting principle | s generally a | ccepte | d in lndia. Our resp | onsibility is to |\n|  | express a con | clusion on | the Statement base | d on our revie | w. |  |  |\n| 3. | We conducted | our review | of the Statement in | accordance | with the | Standard on Review | Engagements |\n|  | (SRE) 2410 \" | Review of | lnterim Financial ln | formation Per | formed | by the lndependent | Auditorof the |\n|  | Entity\", issued | by the lnstit | ute of Chartered Acc | ountants of ln | dia. A re | view of interim financi | al information |\n|  | consists of ma | king inquiri | es, primarily of pers | ons responsibl | e for fin | ancial and accounting | matters, and |\n|  | applying analy | tical and o | ther review procedu | res. A review | is subst | antially less in scope | than an audit |\n|  | conducted in | accordance | with Standards on | Auditing and | consequ | ently does not enabl | e us to obtain |\n|  | assurance tha | t we would | become aware of a | ll significant | matters t | hat might be identifi | ed in an audit. |\n|  | Accordingly, w | e do not e | xpress an audit opin | ion. |  |  |  |\n|  | We also perfo | rmed proc | edures in accordanc | e with the cir | cular iss | ued by the SEBI und | er Regulation |\n|  | 33 (8)of the S | EBI (Listing | Obligations and Di | sclosure Requ | irements | ) Regulations, 2015, | as amended, |\n|  | to the extent a | pplicable. |  |  |  |  |  |\n| 4. | The Statemen | t includes t | he results of the foll | owing entities: |  |  |  |\n|  | Sr. No. | Name o | f Subsidiary | Sr. No. |  | Name of Subsidi | ary |\n|  | SBI 1 | Capital M | arkets Ltd | 15 | State B Pvt. Ltd. | ank Operations Supp | ort Services |\n|  | 2 SBI | CAP Secur | ities Ltd. | 16 | SBI CD | MDF Trustee Pvt. Lt |  |\n|  |  | 505-A, 5t | h Floor, Rectangie 1, D | istrict Centre, Sa | ket, New | Delhi - 110 017 |  |\n|  | P | hone : +91-1 | 1-40548860-62, raviraj Web :ww | an@sravigroup.c w.ravrra1an co r | om, ravi n | rajan.co@gmail.com |  |\n|  | (Ravi | Rajan & Co | LLP is a Limited Liabi | lity Partnership | with LL | P identity No AAP-334 |  |", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 18, "section": "4. The Statement includes the results of the following entities:", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "1244387bc5c60508", "content": "[TABLE] Company: SBI | Year: FY2026 | Section: 1\nArunachal Pradesh Rural Bank\n10\nBank of Bhutan Ltd\n2\nChhattisgarh Rajya Gramin Bank\n11\nlnvestec Capital Services (lndia) Private\nLimited\n3\nMeohalava Rural Bank\nRajasthan Gramin Bank (from 01-May-2025)\n4\nMizoram Rural Bank\n12\nRajasthan Marudhara Gramin Bank (upto 30-\n04-2025 thereafter Amalgamated into\nRajasthan Gramin Bank)\n5\nNagaland Rural Bank\n13\nAndhra Pradesh Grameena Vikas Bank (upto\n30-Apr-2025)\n6\nUttarakhand Gramin Bank\n14\nEllaquai Dehati Bank (upto 30-Apr-2025)\n7\nJharkhand Rajya Gramin Bank\n15\nMadhyanchal Gramin Bank (upto 30-Apr-\n2025)\nI\nTelangana Grameena Bank\n16\nUtkal Grameen Bank (upto 30-Aor-2025)\n9\n17\nYes Bank Limited\nSaurashtra Gramin Bank (upto 3 | Page: 19\n\n| No. 3 | SBICAP Trustee | Company Ltd | No. 17 |  | SBI Funds M | anage | ment | (lnternational |\n|---|---|---|---|---|---|---|---|---|\n|  |  |  |  |  | Private Ltd. |  |  |  |\n| 4 | SBI Ventures Lt | d | 18 |  | Commercial l | ndo Ba | nk | Llc, Moscow |\n| 5 | SBI DFHI Ltd. |  | 19 |  | SBI Canada | Bank |  |  |\n| 6 | SBI Factors Ltd. | (Formerly known | 20 |  | State Bank of | India | (Cali | fornia) |\n|  | as SBI Global F | actors Ltd.) |  |  |  |  |  |  |\n| 7 | SBI Mutual Fun | d Trustee | 21 |  | State Bank of | lndia | (UK) | Limited |\n|  | Company Pvt Lt | d. |  |  |  |  |  |  |\n| 8 | SBI Payment Se | rvices Pvt. Ltd | 22 |  | State Bank of | lndia | Serv | icos Limitada |\n| 9 | SBI Pension Fu | nds Pvt Ltd | 23 |  | SBI (Mauritiu | s) Ltd |  |  |\n| 10 | SBI Life lnsuran | ce Company Ltd | 24 |  | PT Bank SBI | lndone | sia |  |\n| 11 | SBI General lns Ltd. | urance Company | 25 |  | Nepal SBI Ba | nk Ltd |  |  |\n| 12 | SBI Cards and | Payment Services | 26 |  | Nepal SBI M | erchan | t Ba | nking Limited |\n|  | Limited |  |  |  |  |  |  |  |\n| 13 | SBI-SG Global | Securities | 27 |  | SBI Funds ln | ternati | onal | (IFSC) Limite |\n|  | Services Pvt. Lt | d. |  |  |  |  |  |  |\n| 14 | SBI Funds Man | agement Ltd. |  |  |  |  |  |  |\n| Sr. |  |  | Sr. |  |  |  |  |  |\n|  | Name of J | oint Venture |  |  | Na | me of J | oint | Venture |\n| No. |  |  | No. |  |  |  |  |  |\n| 1 | C - Edge Tech | nologies Ltd | 5 |  | Macquarie S | BI lnfra | struc | ture Trustee |\n| 2 | SBI Macquarie | lnfrastructure | b |  | Oman lndia J | oint ln | vest | - ment Fund |\n|  | Manasement P SBI Macquarie | vt. Ltd. nfrastructure |  |  | Manaoement Oman lndia J | Comp oint ln | anv vest | Pvt. Ltd. ment Fund |\n| 3 | Trustee Pvt. Lt | I d. | 7 |  | Trustee Com | pany P | vt. L | - td. |\n| 4 | Macquarie SBI | lnfrastructure | 8 |  | Jio Payments | Bank | Ltd. | (upto 17-Jun |\n| r. | Management P | te. Ltd. | Sr. |  | 2025) |  |  |  |\n| o. 1 | Name of Arunachal Prad | Associate esh Rural Bank | No 10 | Ban | Nam k of Bhutan L | e of A td | sso | ciate |\n| 2 | Chhattisgarh Ra | jya Gramin Bank | 11 | lnv | estec Capital | Servic | es (l | ndia) Private |\n|  |  |  |  | Lim | ited |  |  |  |\n| 3 | Meohalava Rura | l Bank | 12 | Raj | asthan Grami | n Ban | k (fro | m 01-May-20 |\n| 4 | Mizoram Rural | Bank |  | Raj | asthan Marud | hara | Gram | in Bank (upto |\n|  |  |  |  | 04- | 2025 thereaft | er Ama | lga | mated into |\n|  |  |  |  | Raj | asthan Grami | n Ban | k) |  |\n| 5 | Nagaland Rural | Bank | 13 | And | hra Pradesh | Grame | ena | Vikas Bank ( |\n|  |  |  |  | 30- | Apr-2025) |  |  |  |\n| 6 | Uttarakhand Gra | min Bank | 14 | Ella | quai Dehati B | ank (u | pto | 30-Apr-2025) |\n| 7 | Jharkhand Rajy | a Gramin Bank | 15 | Ma | dhyanchal Gr | amin B | ank | (upto 30-Apr- |\n|  |  |  |  | 202 | 5) |  |  |  |\n| I | Telangana Gram | eena Bank | 16 | Utk | al Grameen B | ank (u | pto | 30-Aor-2025) |\n| 9 | Yes Bank Limite | d | 17 | Sau | rashtra Gram | in Ban | k (u | pto 3 |", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 19, "section": "1\nArunachal Pradesh Rural Bank\n10\nBank of Bhutan Ltd\n2\nChhattisgarh Rajya Gramin Bank\n11\nlnvestec Capital Services (lndia) Private\nLimited\n3\nMeohalava Rural Bank\nRajasthan Gramin Bank (from 01-May-2025)\n4\nMizoram Rural Bank\n12\nRajasthan Marudhara Gramin Bank (upto 30-\n04-2025 thereafter Amalgamated into\nRajasthan Gramin Bank)\n5\nNagaland Rural Bank\n13\nAndhra Pradesh Grameena Vikas Bank (upto\n30-Apr-2025)\n6\nUttarakhand Gramin Bank\n14\nEllaquai Dehati Bank (upto 30-Apr-2025)\n7\nJharkhand Rajya Gramin Bank\n15\nMadhyanchal Gramin Bank (upto 30-Apr-\n2025)\nI\nTelangana Grameena Bank\n16\nUtkal Grameen Bank (upto 30-Aor-2025)\n9\n17\nYes Bank Limited\nSaurashtra Gramin Bank (upto 3", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "e751ff7f003a86b3", "content": "[TABLE] Company: SBI | Year: FY2026 | Section: 7. The consolidated unaudited financial results include the interim financial result which ha\nn | Page: 20\n\n| Based on our review co | nducted and proced | ures performed as | stated in par | agraph 3 ab | ove and based |\n|---|---|---|---|---|---|\n| on the consideration o | f the review report | s of the branch a | uditors and ot | her auditor | s referred to in |\n| paragraph 6 below, not | hing has come to ou | r attention that cau | ses us to belie | ve that the | accompanying |\n| Statement including n | otes thereon, prep | ared in accordanc | e with the rec | ognition and | measurement |\n| principles laid down i | n the aforesaid Ac | counting Standard | , RBI Guideli | nes and ot | her accounting |\n| principles generally ac | cepted in lndia, ha | s not disclosed the | information r | equired to | be disclosed in |\n| terms of Regulation 3 | 3 and 52 of the | SEBI (Listing Obl | igations and | Disclosure | Requirements) |\n| Regulations, 2015, as | amended, includin | g the manner in w | hich it is to b | e disclosed, | except for the |\n| disclosures relating to | consolidated Pillar | 3 disclosure as at | September 30 | ,2025, incl | uding leverage |\n| ratio, liquidity coverage | ratio and net stabl | e funding ratio und | er Basel lll C | apital Regul | ations as have |\n| been disclosed on the | Bank's website and i | n respect of which | a link has been | provided in | the Statement |\n| and have not been revi | ewed by us, or that i | t contains any mat | erial misstatem | ent or that | it has not been |\n| prepared in accordanc | e with the relevant | prudential norms | issued by the | Reserve B | ank of lndia in |\n| respect of income reco | gnition, asset classi | fication, provisionin | g and other r | elated matte | rs. |\n| We did not review the | interim financial re | sults of 33 branch | es included in | the standa | lone unaudited |\n| interim financial result | s of the entities inc | luded in the Grou | p, whose res | ults reflect | total assets of |\n| Rs.31,51,678.04 crore | as at September | 30, 2025 and tota | l revenues o | f Rs.60,086 | .79 crore and |\n| Rs.1,20,050.60 crore f | or the quarter ende | d September 30, 2 | 025 and for p | eriod from A | pril 1, 2025 lo |\n| September 30,2025, r | espectively, as cons | idered in the stand | alone unaudit | ed interim fi | nancial results |\n| of the entities include | d in the Group. Th | e interim financia | l results of th | ese branch | es have been |\n| reviewed by the branch | auditors and other a | uditors whose rep | orts have bee | n furnished | to us and other |\n| auditors and our conclu | sion in so far as it re | lates to the amoun | ts and disclos | ures include | d in respect of |\n| these branches, is ba | sed solely on the r | eport of such bran | ch auditors a | nd other au | ditors and the |\n| procedures performed | by us as stated in p | aragraph 3 above. |  |  |  |\n| Apart from above, in th | e conduct of our re | view, we also did | not review the | interim fina | ncial results of |\n| 1820 branches include | d in the standalone | unaudited interim fi | nancial results | of the entit | ies included in |\n| the Group, whose resu | lts reflect total asset | s of Rs.18,01 ,173 | .65 crore as a | t Septembe | r 30, 2025 and |\n| total revenue of Rs.33, and for period from Apr | 425.95 crore and R il to Septem | s.64,893 crore for ber 30, 2025, resp | the quarter e ectively, | nded Septe | mber 30, 2025 |\n| unaudited interim finan | 1 ,2025 cial results of the | entities included in | as co the Group. T | nsidered in t he interim fi | he standalone nancial results |\n| of these branches hav | e been reviewed b | y the branch man | agers whose c | ertified retu | rns have been |\n| furnished to us or ot | her auditors, and o | ur conclusion in s | o far as it re | lates to the | amounts and |\n| disclosures included in | respect of these b | ranches, is based | solely on the | cerlified re | turns of such |\n| branch managers and | other auditors. |  |  |  |  |\n| We did not review the consolidated unaudite | interim financial re d financial results, | sults of 18 subsidi whose interim fin | aries and 1 jo ancial result | int venture i s reflect to | ncluded in the tal assets of |\n| a Rs.7,08,311.27 crore | s at September 3 | 0, 2Q25 and tota | l revenues o | f Rs.43,129 | .13 crore and |\n| Rs.77,759.13 crore an | d total net profit aft | ertax of Rs.3,059 | .13 crore and | Rs.6,185.1 | 1 crore forthe |\n| quarter ended Septem | ber 30,2025 and | for period from | April 1,2025 | to Septem | ber 30, 2025, |\n| respectively as conside | red in the consolida | ted unaudited fina | ncial results. T | he consolida | ted unaudited |\n| financial results also in crore for the quarter en | clude the Group's sh ded September 30 | are of net profit aft , 2025 and for per | er tax of Rs.3 iod from April | 45.40 crore 1 , 2025 to | and Rs.829.34 September 30, |\n| 2025, respectively, as | considered in the | consolidated unau | dited financia | l results, in | respect of 16 |\n| associates, whose inte | rim financial result | s have not been r | eviewed by u | s. These in | terim financial |\n| results have been revi | ewed by the other | auditors whose re | ports have be | en furnishe | d to us by the |\n| Management and our c | onclusion on the Sta | tement, in so far as | it relates to th | e amounts a | nd disclosures |\n| included in respect of th | ese subsidiaries, jo | int ventures and a | ssociates, is b | ased solely | on the reports |\n| of other auditors and th | e procedures perfor | med by us as stat | ed in paragrap | h 3 above. |  |\n| Our conclusion on the | Statement is not mo | dified in respect of | the above ma | tter. |  |\n| The consolidated unau | dited financial resul | ts include the inter | im financial r | esult which | ha n |\n| reviewed/audited of 23 | 911 branches inclu | ded in the standalo | ne unaudited | interim |  |", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 20, "section": "7. The consolidated unaudited financial results include the interim financial result which ha\nn", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "1e9a0754c1ec57da", "content": "[TABLE] Company: SBI | Year: FY2026 | Section: 8. The actuarial valuation of liabilities for life policies in force and for policies in respect of which premium\nhas been discontinued but liability exists are the responsibility of subsidiary's Appointed Actuary. The\nactuarial valuation of these liabilities for life policies in force and for policies in respect for policies in\nrespect of which premium has been discontinued but liability exists as at September 30, 2025 in respect\nof subsidiaries, namely SBI Life lnsurance Company Limited and SBI General lnsurance Company\nLimited, has been duly certified by the Appointed Actuary of the respective subsidiary and in their\nopinion, the assumptions for such valuation are in accordance with the guidelines and norms issued\nby the lnsurance Regulatory and Development Authority of lndia (lRDA|) and The lnstitute of Actuaries\nof lndia (lAl), in concurrence with the Authority. The respective auditors of the subsidiary have relied\nupon the Appointed Actuary's certificate in this regard for forming their opinion on condensed interim\nfinancial statements of the said subsidiary. | Page: 21\n\n|  | the entities included | in the Gro | up, whose result | s reflect total | assets | of R | s.16,71,885.07 | crore as at |\n|---|---|---|---|---|---|---|---|---|\n|  | September 30, 202 quarter ended Sept | 5 and total ember 30, 2 | revenues of Rs. 025 and for perio | 1 ,39,572.70 c d April 202 | rore a 5 to Se | nd R ptem | s.2,74,914.26 ber 30, 2025, | crore for the respectively, |\n|  | as considered in th | e respective | standalone unau | 1 , dited interim | financi | al res | ults of the enti | ties included |\n|  | in the Group. Accor | ding to the | information and | explanations | given t | o us | by the Manage | ment, these |\n|  | interim financial res | ults are not | material to the G | roup. |  |  |  |  |\n|  | The consolidated un | audited fin | ancial results incl | ude the interim | financ | ial re | sults of 09 sub | sidiaries and |\n|  | 07 joint ventures w | hich have | not been review | ediaudited by | their a | udito | rs, whose inte | rim financial |\n|  | results reflect total | assets of | Rs.26,078.98 cro | re as at Sept | ember | 30, | 2025 and tota | l revenue of |\n|  | Rs.542.08 crore an | d Rs.1,042. | 79 crore and tota | l net profit aft | ertax o | f Rs | .57.93 crore an | d Rs.122.76 |\n|  | crore for the quarte | r ended Se | ptember 30, 2025 | and for perio | d from | Apri | l 1, 2025 to Se | ptember 30, |\n|  | 2025, respectively, | as conside | red in the conso | lidated unaudi | ted fin | ancia | l results. The | consolidated |\n|  | unaudited financial | results also | include the Grou | p's share of n | et profi | t afte | rtax of Rs.10. | 69 crore and |\n|  | Rs.2'1.49 crore for q | uarter ende | d September 30, | 2025 and for | period | from | April 1, 2025 t | o September |\n|  | 30, 2025, respectiv | ely, as con | sidered in the co | nsolidated un | audite | d fina | ncial results, | in respect of |\n|  | lAssociates, based | on their in | terim financial re | sults which ha | ve not | bee | n reviewed/aud | ited by their |\n|  | auditors. According | to the infor | mation and explan | ations given t | o us by | the | Management, t | hese interim |\n|  | financial results are | not materia | l to the Group. |  |  |  |  |  |\n|  | Our conclusion on t | he Stateme | nt is not modified | in respect of t | he abo | ve m | atter. |  |\n| 8. | The actuarial valuati | on of liabilit | ies for life policies | in force and f | or polic | ies i | n respect of wh | ich premium |\n|  | has been discontinu | ed but liabi | lity exists are the | responsibility | of sub | sidiar | y's Appointed | Actuary. The |\n|  | actuarial valuation o | f these liab | ilities for life poli | cies in force a | nd for | polici | es in respect f | or policies in |\n|  | respect of which pre | mium has b | een discontinued | but liability exi | sts as | at Se | ptember 30, 20 | 25 in respect |\n|  | of subsidiaries, nam | ely SBI Lif | e lnsurance Com | pany Limited | and S | BI G | eneral lnsuran | ce Company |\n|  | Limited, has been d | uly certifie | d by the Appoint | ed Actuary of | the re | spec | tive subsidiary | and in their |\n|  | opinion, the assump | tions for su | ch valuation are | in accordance | with t | he g | uidelines and n | orms issued |\n|  | by the lnsurance Re | gulatory an | d Development A | uthority of lndi | a (lRDA | \\|) an | d The lnstitute | of Actuaries |\n|  | of lndia (lAl), in con | currence w | ith the Authority. | The respectiv | e audit | ors o | f the subsidiar | y have relied |\n|  | upon the Appointed | Actuary's c | ertificate in this r | egard for form | ing the | ir op | inion on conde | nsed interim |\n|  | financial statements | of the said | subsidiary. |  |  |  |  |  |\n|  | Our conclusion is no | t modified | in respect of the a | bove matter. |  |  |  |  |\n| For | Ravi Rajan & Co L | LP |  |  |  |  |  |  |\n| Cha | rtered Accountant | s |  |  |  |  |  |  |\n| FR | N 009073N/N500320 |  |  |  |  |  |  |  |\n| Su | mit Kumar |  |  |  |  |  |  |  |\n| Par | tner |  |  |  |  |  |  |  |\n| M N | o.512555 |  |  |  |  |  |  |  |\n| UDI | N : 2551 2555BMNP | UV8905 |  |  |  |  |  |  |\n| Plac | e: Mumbai |  |  |  |  |  |  |  |\n| Dat | e: 46 Nov 2025 |  |  |  |  |  |  |  |", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 21, "section": "8. The actuarial valuation of liabilities for life policies in force and for policies in respect of which premium\nhas been discontinued but liability exists are the responsibility of subsidiary's Appointed Actuary. The\nactuarial valuation of these liabilities for life policies in force and for policies in respect for policies in\nrespect of which premium has been discontinued but liability exists as at September 30, 2025 in respect\nof subsidiaries, namely SBI Life lnsurance Company Limited and SBI General lnsurance Company\nLimited, has been duly certified by the Appointed Actuary of the respective subsidiary and in their\nopinion, the assumptions for such valuation are in accordance with the guidelines and norms issued\nby the lnsurance Regulatory and Development Authority of lndia (lRDA|) and The lnstitute of Actuaries\nof lndia (lAl), in concurrence with the Authority. The respective auditors of the subsidiary have relied\nupon the Appointed Actuary's certificate in this regard for forming their opinion on condensed interim\nfinancial statements of the said subsidiary.", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "3fda75b85895b2bb", "content": "[TABLE] Company: SBI | Year: FY2026 | Section: ftfrqRrlErqrfi trdfqftnFr\\d\na-q-oroxotftqrq o-<-ftqt<qfrqrq\nait+tc+-< \non*tc+-<\nsrrrsrdrr, €eio rs-{ st{fua, €-eto r+r\nqrqrqorqrtts qrqrqorrnqr,f\nfiT{Effc \nrfrTi.ffc\n#aooozr \n#aooozr | Page: 22\n\n|  |  |  |  |  |  |  |  | qrfiq* \" |  |\n|---|---|---|---|---|---|---|---|---|---|\n|  |  |  |  |  |  |  |  | qrfiq*t6 |  |\n|  |  |  |  |  |  |  |  | STATE BANK OF | INDIA |\n| STAT | EME | NT OF DEV | TATION / | VARIATION | !N UTILIS | ATION | OF FU | NDS RAISED |  |\n|  | J | As per Req | ulation 32 | (1) of SEBI | (LODR) R | equlat | ions. 2 | 0151 |  |\n| Name of lis | ted en | tity |  |  |  |  |  | State B | ank o |\n|  |  |  |  |  |  |  |  | lndia |  |\n| Mode of Fu | nd Rai | sing (Publi | c lssue/Rig | hts lssue/ P | referential | lssue/ |  | Qualifie | d |\n| QIP/ Others | ) |  |  |  |  |  |  | lnstituti | onal |\n|  |  |  |  |  |  |  |  | Placem | ent |\n|  |  |  |  |  |  |  |  | (QIP) |  |\n| Date of Rai | sinq F | unds |  |  |  |  |  | 21-0 | 7-202 |\n| Amount Ra | ised |  |  |  |  |  |  | { 25,0 | 00 cr |\n| Report filed | for Q | uarter |  |  |  |  |  | 30.09 | 2025 |\n| [/onitorinq | Aqenc | y |  |  |  |  |  | Not Ap | plicab |\n| Monitoring | Agenc | y Name, if | applicable |  |  |  |  | Not Ap | plicab |\n| ls there a D | eviatio | n / Variatio | n in use of | funds raise | d? |  |  | N | it |\n| lf yes, whet | her th | e same is | pursuant t | o change in | terms of a | contr | act or | objects, Not Ap | plicab |\n| which was | approv | ed by the s | hareholder | s |  |  |  |  |  |\n| lf Yes, Date | of sh | areholder A | pproval |  |  |  |  | Not Ap | plicab |\n| Explanation | for th | e Deviation | / Variation |  |  |  |  | Not Ap | plicab |\n| Comments | of the | Audit Com | mittee after | review |  |  |  | N | it |\n| Comments | of the | auditors, if | any |  |  |  |  | N | ir |\n| Objects for | which | funds have | been raise | d and wher | e there has | been | a devia | tion, in the follow | ing |\n| table: |  |  |  |  |  |  |  |  |  |\n| For augmen | tation | of Bank's | Tier-l capita | l base to m | eet Bank's | future | capital | requirements an | d to |\n| support gro | wtllpla | ns and to | enhance th | e business | of the Bank |  |  |  |  |\n| Original Subject | Modif Objec | ied Or t if All | iginal ocation | Modified allocation | Funds Utilised | Amo Deviat | unt ionA/ari | of Remark ation | s if a |\n|  | any |  |  |  |  | for acc | the ordin | quarter g to |  |\n|  |  |  |  |  |  | appli | cable | object |  |\n|  |  |  |  |  |  | (lNR R | s. cror | e and in |  |\n|  |  |  |  |  |  | Yo) |  |  |  |\n|  |  |  |  | Nit |  |  |  |  |  |\n| Deviation or | Varia | tion could | mean: |  |  |  |  |  |  |\n| (a) Deviatio | n in th | e objects o | r purposes | for which th | e funds ha | ve bee | n raise | d; or |  |\n| (b) Deviatio | n in th | e amount o | f funds act | ually utilized | as against | what | was ori | ginally disclosed; | or |\n| (c) Change | in term | s of a cont | ract referre | d to in the f | und raising | docum | ents i. | e. prospectus, le | tter of |\n| offer etc. |  |  |  |  |  |  |  |  |  |\n|  |  |  |  |  |  |  | (Kam | eshwa r Rao Ko | davan |\n| 0{ ilo' | , 206 |  |  |  |  |  |  | Chief Financial | Offic |\n| @ b ono @ F A sBl G T T | ank.sbi R CCOUNT ST AX DS | 227403s6 S ??740354 22740322 22740363 | E frt.dept(isbi a frt.accounts a servicetax.f B tax(asbi.co.i a | .co.in ft Osbi.co.in a rt(isbi.co.in a n | frqRrlEr -q-oroxotft it+tc+-< €eio | qrfi trd qrq o-< on rs-{ st | fqftnFr -ftqt<qfrq *tc+-< {fua, €-e | \\d Financial Re rq Taxation De Corporate C to r+r | porting & partment entre |", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 22, "section": "ftfrqRrlErqrfi trdfqftnFr\\d\na-q-oroxotftqrq o-<-ftqt<qfrqrq\nait+tc+-< \non*tc+-<\nsrrrsrdrr, €eio rs-{ st{fua, €-eto r+r\nqrqrqorqrtts qrqrqorrnqr,f\nfiT{Effc \nrfrTi.ffc\n#aooozr \n#aooozr", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "bb8f1a689f55d6e3", "content": "[TABLE] Company: SBI | Year: FY2026 | Section: yono\nSBI > 3vrrErdlt, *efu ra< :tdffia, deto q+<\nqrq-Iqolqrtrs qrerqorryqr,f\nTtr{.f{e \nrftT{Effc\nffaooozr \nffaooozr | Page: 23\n\n|  |  |  |  |  |  |  | STATE | BANK | OF INDIA |  |\n|---|---|---|---|---|---|---|---|---|---|---|\n| STATE | MENT O | F DEVTATION / VA | RIATION IN | THE U | SE OF | THE P | ROCEEDS OF | ISSUE | OF LISTE | D |\n|  | NON.C | ONVERTTBLE DE | BT SECURIT | TES FO | R THE | QUAR | TER ENDED 3 | 0.09.20 | 25 |  |\n|  |  | lls per Reoulati | on 52 (7)/(7A | ) of SE | BI (LO | DR) R | equlations. 201 | 5I |  |  |\n| A. Sta | tement | of utilization of is | sue proceed | s: |  |  |  |  |  |  |\n| Name IS | IN | Mode of Type | of | Date of | A | moun | t Fund Any |  | lfSis | Rem |\n| of the |  | fund instru | ment | raising | fund | raised | utilized dev | iation | Yes, then | arks |\n| !ssuer |  | rarsrng |  |  |  | (ln Rs. | (ln Rs. (Ye | s/No) | specify |  |\n|  |  | (Public |  |  |  | Crore) | Crore) |  | the |  |\n|  |  | issue / |  |  |  |  |  |  | purpose |  |\n|  |  | private |  |  |  |  |  |  | of funds |  |\n|  |  | placement) |  |  |  |  |  |  | utilization |  |\n|  |  |  |  | Nil |  |  |  |  |  |  |\n| B. Sta | tement | of deviation / vari | ation in use | of issu | e | ds |  |  |  |  |\n| Name of lis | ted entit | y |  |  |  | Stat | e Bank of lndia |  |  |  |\n| Mode of Fu | nd Raisi | nq |  |  |  | Not | Applicable |  |  |  |\n| Type of lns | truments |  |  |  |  | Not | Applicable |  |  |  |\n| Date of Rai | sing Fun | ds |  |  |  | Not | Applicable |  |  |  |\n| Amount Ra | ised |  |  |  |  | Not | Applicable (Out | standin | g bonds a | s on |\n|  |  |  |  |  |  | 30.0 | 9.2025 is place | d as An | nexure 1) |  |\n| Report filed | for Qua | rter ended |  |  |  | 30.0 | 9.2025 |  |  |  |\n| ls there a D | eviation | A/ariation in use of | funds raised | ? |  | Not | Applicable |  |  |  |\n| Whether a stated n th | ny appro e prospe | val is required to v ctus/offer/docu men | ary the obje t? | cts of th | e issue | Not | Applicable |  |  |  |\n| i lf yes, detai | ls of the | approval so require | d? |  |  | Not | Applicable |  |  |  |\n| Date of app | roval |  |  |  |  | Not | Applicable |  |  |  |\n| Explanation | for the | DeviationA/ariation |  |  |  | Not | Applicable |  |  |  |\n| Comments | of audit | committee after rev | iew |  |  | Not | Applicable |  |  |  |\n| Comments | of the a | uditors, if anv |  |  |  | Not | Applicable |  |  |  |\n| Objects for | which fu | nds have been rais | ed and wher | e there | has bee | n a de | viation, in the fo | llowing | table |  |\n| Original Su | bject | Modified Or | iginal M | odified | Fu | nds | Amount o | f | Remarks | if any |\n|  |  | Object if Allo | cation all | ocation | Util | ised | Deviation | / |  |  |\n|  |  | any (R | s. ln ( | Rs. ln | (R | s. ln | Variation for | the |  |  |\n|  |  | C | rore) C | rore) | Cr | ore) | quarter accor | ding |  |  |\n|  |  |  |  |  |  |  | to applicable o | bject |  |  |\n|  |  |  |  |  |  |  | (lNR Rs. crore | and |  |  |\n|  |  |  |  |  |  |  | in% |  |  |  |\n|  |  |  |  | Nit |  |  |  |  |  |  |\n| Deviation c | ould me | an: |  |  |  |  |  |  |  |  |\n| (a) Dev | iation in | the objects or purp | ose forwhich | the fun | ds hav | e been | raised. |  |  |  |\n| (b) Dev | iation in | the amount of fund | s utilized as | against | what w | as orig | inally disclosed |  |  |  |\n| 0r | [0v 16 |  |  |  |  |  | (Kam | eshwa | -- r |  |\n|  |  |  |  |  |  |  |  | Ghief | Rao Kod Financial | avanti) Officer |\n| yon SB | @ b o 6 F AC G I T T | ank.sbi R zz74o3s6 I COUNTS 22740364 E ST 22740322 B AX 22740363 B DS | frt.dept(asbi.co.in frt.accounts(dsbi. servicetax.frt(Osbi. tax(asbi.co.in | ff co.in a co.in 6 | iqftnE -q-q6'R i{+r+e *e | rqrft otfrr{rq +< fu ra< | frftcR+Erqd o-<-Mrrrftryr.r olvq.ttc+< :tdffia, deto q+ | Financ Taxati Corpo < 3rd | ial Reporting & on Department rate Centre State |  |", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 23, "section": "yono\nSBI", "subsection": "3vrrErdlt, *efu ra< :tdffia, deto q+<\nqrq-Iqolqrtrs qrerqorryqr,f\nTtr{.f{e \nrftT{Effc\nffaooozr \nffaooozr", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "f1035136a91de93c", "content": "[TABLE] Company: SBI | Year: FY2026 | Section: yono\nsBl | Page: 24\n\n|  | List of Dom | estic B | ond instr | u | ments raised | by State Ban | k of India an | d Outstand | ing as | on |  |\n|---|---|---|---|---|---|---|---|---|---|---|---|\n|  |  |  |  |  | 30 | .09.2025 |  |  |  |  |  |\n| Sr. |  | Mode | of Fund |  | Type of instrument- | Date of | Amount (Rs | Funds utilized | Any devia tion | lfSis Yes, then specify the | o .Y G |\n| No. | ISIN tNE651A0804'l | Ra Private | ising Placement |  | Non convertible securities Tier 2 | raising funds 31-12-2015 | Raised in Crore) 300 00 | (Rs. in Crore) 300.00 | (Yes / No) u No | purpose of funds tilization NA | E o tr Nit |\n| 1 2 | tNE651A08058 | Private | Placement |  | fier 2 | 18-01-2016 | 200 00 | 200.00 | No | NA | Nil |\n| 3 | tNE649A08029 | Private | Placement |  | Tier 2 | 30-12-2015 | 500 00 | 500.00 | No | NA | Nit |\n| 4 | tNE649A08037 | Private | Placement |  | fier 2 | 08-02-2016 | 200 00 | 200.00 | No | NA | Nit |\n| 5 | rNE062408231 | Private | Placement |  | fier 2 | 21-08-2020 | 8,931.00 | 8,931 00 | No | NA | Nir |\n| 6 | tNE062408264 | Private | Placement |  | Tier 2 | 26-10-2020 | 5,000.00 | 5,000 00 | No | NA | Nit |\n| 7 | tNE062408272 | Private | Placement |  | AT1 | 24-11-2020 | 2,500.00 | 2,500.00 | No | NA | Nit |\n| 8 | tNE062408280 | Private | Placement |  | AT1 | 03-09-2021 | 4,000.00 | 4,000.00 | No | NA | Nit |\n| I | tNE062A08298 | Private | Placement |  | AT1 | 18-10-2021 | 6,000 00 | 6,000 00 | No | NA | Nit |\n| 10 | rNE062A08306 | Private Private | Placement Placement |  | AT1 AT1 | 14-12-2021 09-09-2022 | 3,974.00 6,872.00 | 3,974.00 6,872 00 | No No | NA NA | Nit Nit |\n| 11 12 | tNE062408314 tNE062408322 | Private | Placement |  | Tier 2 | 23-09-2022 | 4,000.00 | 4,000.00 | No | NA | Nil |\n| 13 | rNE062408330 | Private | Placement |  | LTB | 06-12-2022 | 10 000.00 | 10,000.00 | No | NA | Nit |\n| 14 | rNE062408348 | Private | Placement |  | LTB | 19-01-2023 | 9,718 00 | 9,718.00 | No | NA | Nit |\n| 15 | rNE062408355 | Private | Placement |  | AT1 | 21-02-2023 | 4.U4.00 | 4,544.00 | No | NA | Nit |\n| 16 17 18 | NE062A08363 I tNE062408371 NE062408389 | Private Private Private | Placement Placement Placement |  | AT1 AT1 LTB | 09-03-2023 14-07-2023 01-08-2023 | 3,717.00 3,101 .00 10,000 00 | 3,717 00 3,101 00 10,000.00 | No No No | NA NA NA | Nit Nit Nit |\n| 19 | I tNE062A08397 | Private | Placement |  | LTB | 26-09-2023 | 10,000 00 | 10,000.00 | No | NA | Nit |\n| 20 | tNE062408405 | Private | Placement |  | lier 2 | 02-11-2023 | 10,000 00 | 10,000.00 | No | NA | Nil |\n| 21 | tNE062A08413 | Private | Placement |  | AT1 | 19-01-2024 | 5,000.00 | 5,000 00 | No | NA | Nit |\n| 22 | tNE062408421 | Private | Placement |  | LTB | 27-06-2024 | 10,000.00 | 10,000.00 | No | NA | Nit |\n| 23 | tNE062408439 | Private | Placement |  | LTB | 11-07-2024 | 10,000.00 | 10,000.00 | No | NA | Nit |\n| 24 | tNE062408447 | Private | Placement |  | Tier 2 | 29-08-2024 | 7,500 00 | 7,500.00 | No | NA | Nit |\n| 25 | tNE062A08454 | Private | Placement |  | Tier 2 | 20-09-2024 | 7,500.00 | 7,500.00 | No | NA | Nit |\n| 26 | tNE062408462 | Private | Placement |  | AT1 | 24-10-2024 | 5,000.00 | 5,000.00 | No | NA | Nit |\n| 27 | tNE062408470 | Private | Placement |  | Tier 2 | 19-11-2024 | 10,000.00 | 10,000.00 | No | NA | Nit |\n|  |  |  |  |  |  | TOTAL | 1.58.557.00 1 | .58.557.00 |  |  |  |\n|  | @ ban yono 6 FR ACC sBl GS TA | k.sbi zz OUNTS 22 T 22 X 22 | 74o3s6 I 710364 E 710322 B 740363 E | frt. frt. se tax | dept(asbi.co.in accounts(isbi.co.in rvicetax.frt(Osbi.co. 6sbi.co.in | fffiqftifCr q o<-slr6Rot in dfl+tcf< | ft f{ftcRc frqr{r 6-q-ffw otrtrtct | }F4r\\d Fin rfutilT Ta -< Co | anciat Rep xation Dep rporateCe | orting & artment ntre |  |", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-1.pdf", "fiscal_year": "FY2026", "page_number": 24, "section": "yono\nsBl", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "13e314f919f8263c", "content": "Digitally signed by ARUNA N DAK Date: 2025.05.03 18:32:48 +05'30' [OCR] STATE BANK OF INDIA SBI 400 021 Conjolidhted Stndalone Fended Quarer ended Particular 3112,7024 Jil0j 2026 110426] 462 489.J6 12690700 439488 5 0302 08352 5 06-261- 16 00,122 289,055 08.640 5 1362008 31,245 59 31015 84 37B 21456 28 20015 090 19 838 '237 60 941 80 129 09 1,24} 90 1165,76 44416 01 1L616 4405 Job 7J 07652 12,.579 66 Othen 3371.23 029 12415.03 24,209.18 47269 64.683 06 565332 55386.J9 incone 14J,076 06 5,24 466.812.82 1.67,853.67 164,914.36 574.90 172841 76,891.55 78,.227.05 1064402 J 00,941.J] 7J6.05 #Pended 190442 69281 22552422 J0.276489 47,760.81 66,968.91 62.892 24 63,026.95 28,793,8 17760 39540 18,00520 [6 073.72 352 730,90 507 061 423.84 695-09 29,509 103854 06,629, Tnce 52,523.53 53716778 46,523 83 555229 373,016.64 145495.98 488,529.89 442590.02 104916459 99.664 286.04 L550 91.797 141E6 27,56452 J1,a] 1,06.045.01 609 914 990 2391 461 back] 3 326 82 059 18,505.51 12487 3,964.23 2J05.02 499801 CD @O 265 10 24,844 J5 22,639.75 27,1J777 9527427 81,792.96 26,896.82 25,566_40 28,8 51-86 106 94,240.04 8,201.76 6 41942 243064 255 204406 16,09144 20,.698.J6 10,900-6] 64,076.62 49941 J9 68.438.26 48,642 59 64,076.62 49941 J9 49175.35 24,716-47 438 07 308 43 466 26 630.62 848 58_ 226122 10200.63 61,076.62 892 46 892 892.46 092 46 892 46 692 46 eachi 41291404 58,788.60 luding yatlon 59,9210 56 9208 56,9202 cepil 10 36 (EPSIU 16 53 68,44 21-96 23-96 86.9 | 20,89 1B,93 21.96 86 9 Quane numden 75,880.20 84.360.38 70,080.20 84,276 33 19,566.92 21.377 84 21,051 0a 19,660,92 2075n 6244 057 0 577 3 24745 48 J 89, 071.49 324715.48 0,87 Deb nto 0.84 [OCR] SBI STATE BANK Of INDIA Kament 4 Lk [OCR] STATE BANK OF INDIA SBI 400 021 CORPORATE CENTRE. MUMBAI J1.0J2024 31 0J,2025 Pankulan (Unautlled) (Audited) Auditaa (Unaudled Audited) 892 46 892.46 692 46 892 46 892 46 892 46 479298,65", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4b798667a23602dc"}, {"chunk_id": "0d60e9e1f9a3fd19", "content": "324715.48 0,87 Deb nto 0.84 [OCR] SBI STATE BANK Of INDIA Kament 4 Lk [OCR] STATE BANK OF INDIA SBI 400 021 CORPORATE CENTRE. MUMBAI J1.0J2024 31 0J,2025 Pankulan (Unautlled) (Audited) Auditaa (Unaudled Audited) 892 46 892.46 692 46 892 46 892 46 892 46 479298,65 Capital 376,35407 486,144.30 434513.91 440.269 66 4.025 84 15,647.96 18,254,79 54459 898 .02 49.,56,537 49 49.16 076,77 53, 82.189.53 52,29.384 48 7,56,022 62 6,39,609 50 Deposia 6,10,857 24 5,63.57252 6.94.07468 Borowlngs 7,08,311.58 2.88,.80973 289,42940 2 46,748 34 67,33,778 80 61,79,691.94 66,20,674.44 Tolal 225,356 33 233919 38 2,25.44170 227217 50 33,603.87 401215 97 13478 48,53342 85,660,29 58443 413012 19 21.10.548.23 23,4295452 22.05,601 16,90,57275 42,50,830.74 37,84272,67 303970,85 40,04.566 94 41,63312.40 45,554,94 44,708 18 Advances 42 617.25 43.389 23 4410755 453 482 82 50 964-19 42142373 724,517.65 7374,185 34 67, 33,778-80 66,20,67444 64,79,693.94 66,76.053.27 Hota| Uin crore) Conzolidaled ended PARTICULARS J1,03 7024 nuultudl (Audite u 90, 186.45 1,04,.909 48 95,27427 3 92148 3,354.92 3,528.91 2521 33.20 2031 6,.479.38 4,892.79 MHel] 48, 505 51 9517.63 340 87 338,09 2644 776 302 593 48 482.88 614428 2,68831 2669.36 43408 72.53 96462 1,938.93 505447 405.16 8 B1 9,061452 4922 81 9,550.46 405,423.76 131,615 02 448,296.90 473.380,53 402.298 99 35,148.36 02664 40 026 98 84.890 90 4574 JolmVenturee 528,6124 718 85,063 58 514219 02500.26 56,832.90 405,.89 46 236.91 20542 44,84128 18-705. 52,900.70 76,613.36 41,798 01 82,247.74 3L268 27 3376145 30,75349 Taxrelund 48,486.29 21,6124] 19,021,.90 45,859.87 [OCR] 82.16 1,509.52 LoQ 101100 752 80 111 964.62 977 .29 Jolnt Vanturea 557 9 00 5,637.22 407543 1505 -02 5442 34 425172 201225 5,63474 3,052.92 0,13 013 14288.20 43,433.20 43.96140 8,509 25 10270,90 8,43836 10,084.84 40,084.81", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4b798667a23602dc"}, {"chunk_id": "3df8bb2ec944fccc", "content": "21,6124] 19,021,.90 45,859.87 [OCR] 82.16 1,509.52 LoQ 101100 752 80 111 964.62 977 .29 Jolnt Vanturea 557 9 00 5,637.22 407543 1505 -02 5442 34 425172 201225 5,63474 3,052.92 0,13 013 14288.20 43,433.20 43.96140 8,509 25 10270,90 8,43836 10,084.84 40,084.81 12,22672 pald 42.226.72 31.85 1241 Palid 896.28 13,85537 13,739 08 16,326.62 (USED INI FINANCING AcTivITES (CI 775.96] 2248 17 1906,70 8,260.39 31,360.64 2972770 326,572.,30 307.899.62 CASHAND CASH EQUIVALENS ASALISLAPRIL 326,572.30 357,932.94 340.229.69 31.03.2024 31.03.2025 31.03.2024 31.03.2025 2.25,356 33 2,25,141.70 2,27,485 16 2.27,217.50 10L215 97 Cesh 430,.447 78 3,26,572 J0 3,57,932.94 340,801.99 340229.69 results have been approved by the Central Board of the Bank at the meeling held on May J, 2025 and were subjected t0 Audit by the Bank s Statutory Central Auditors: Tne abovo Ashwlol umar Tewari \"Vinay M Tonse Rana Ashutosh Ktat Rama Mohan Rag Amara Managing Dirootor ICB & Subsidiaries) Managing Dlrector (RB Managing Diroctor (IB, GM & T) Managing Director Challa Srcenivasulu Setty chalrman Place Mumbal Date. May J, 2025 [OCR] SBI Notes on Standalone Financial Results: The above financial results for the quarter and year ended 31\" March 2025 have been drawn from the financial statements prepared in accordance with the relevant provisions of the Banking Regulation Act, the circulars , guidelines and directions issued by the Reserve Bank of India ('RBI\") from time to 1949 time (the RBI guidelines\") , other accounting principles generally accepted in India and as per the Disclosure   Requirements) 2015  (as Regulations, requirements of", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4b798667a23602dc"}, {"chunk_id": "c35ddc98117ae7f3", "content": "1949 time (the RBI guidelines\") , other accounting principles generally accepted in India and as per the Disclosure   Requirements) 2015  (as Regulations, requirements of amended). The above financial results have been reviewed by the Audit Committee of the Board at its meeting held 2 2025 and approved by the Board of Directors at its meeting held on 3r May 2025 May on 2nd The figures for the Q4FY2024-25 are the balancing figures between the figures as per the audited 3. financial statements for FY2024-25 and the published figures for nine months ended on 31\" December The figures for corresponding previous quarter i.e. Q4FY23-24 are the balancing figures between 2024 audited figures in respect of FY23-24 and the published figures for nine months ended on 31\" December 2023 The above financial results for the quarter and year ended 315 March 2025 have been arrived at after considering   necessary Assets   (NPAs) , Standard for   Non-performing Standard  Assets , provisions Restructured Assets, Non-Performing Investments Derivative Exposures, Contingencies, Employee Direct Taxes (after adjustment for Deferred Tax) and in respect of other assetslitems made on Benefits estimated basis Other income of the Bank includes commission from non-fund-based activities, fee income , earnings from 5 foreign exchange and derivative transactions, profit or loss on salelrevaluation of investments, dividend from subsidiaries and recoveries made in written off accounts.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4b798667a23602dc"}, {"chunk_id": "342d41c8c648cdb3", "content": "5 foreign exchange and derivative transactions, profit or loss on salelrevaluation of investments, dividend from subsidiaries and recoveries made in written off accounts. RBI Circular DOR CAPREC.4/21.06.201/2024-25 dated 1s' April 2024 on 'Basel IIl Capital Regulations requires the Bank t0 make applicable Pillar 3 Disclosures including Leverage Ratio, Liquidity Coverage Ratio and Net Stable Funding Ratio (NSFR) under the Basel III framework: These 318 disclosures placed March 2025, the Bank's Website are as on on The Bank has estimated the liability for Unhedged Foreign Currency Exposures in terms of RBI Circular DOR MRG REC.76/00-00-007/2022-23 dated 11\" October 2022 and is holding a provision of <252.95 Crore as on 315 March 2025 As per RBI letters no. DBRNoBP 15199/21.04.048/2016-17 and DBR No BP 1906/ 21.04.048/ 2017-18 8 dated 23\"\" June 2017 and 28* August 2017 respectively; for the accounts covered under the provisions of Insolvency and Bankruptcy Code (IBC) , the Bank is holding total provision of <91.41 Crore (100% of total outstanding) as on 318 March 2025 0", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4b798667a23602dc"}, {"chunk_id": "e1adef1108d38b52", "content": "[OCR] OSBI PCR with AUCA is 92 08%. Provision Coverage Ratio (PCR) as on 31\" March 2025 is 74.42% AUCA represents accounts to the extent fully provided and transferred t0 a separate head called Advance Under Collection Account amounting to <1,71,433.33 Crore with a clear purpose of cleaning the Balance Sheet. Of these, AUCA amounting to <17,404.32 Crore is more than 10 years old; <94,898.77 Crore is more than 5 years but less than 10 years old and AUCA amounting to <59,130.24 Crore Is less than 5 years old 10. The Bank has continued to follow the same accounting policies and practices in preparation of the financial results for the quarter and year ended 31\" March 2025 as followed in the previous financial year ended 31\" March 2024 except for: Direction RBIIDOR/2023-24/104 changes The required account of RBI Master on DORMRG.36/21.04.141/2023-24 dated 12t September 2023, applicable from 18' April 2024 as stated below: Policies on classification and valuation of investments: With effect from 1st April 2024 the Bank b) adopted the revised framework of classification and valuation of investments issued by RBI vide on Classification, DOR MRG 36/21.04.141/2023-24 No,RBIIDOR/2023-24/104 Master Direction Valuation and Operation of Investment Portfolio of Commercial Banks (Directions) , 2023 dated 12\" September 2023 recording the transactions in HTM securities: As per the extant Policy; the premium Method of C)", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6546491e2a52d395"}, {"chunk_id": "f0092e2f7e8f2204", "content": "Valuation and Operation of Investment Portfolio of Commercial Banks (Directions) , 2023 dated 12\" September 2023 recording the transactions in HTM securities: As per the extant Policy; the premium Method of C) paid on acquisition of HTM category Investments was amortised over the term to maturity on constant yield basis. In terms of new investment framework; the Bank has switched over to Weighted Average Carrying Cost (WACC) from First in First Out (FIFO) method of recording transactions uniformly across all categories of investments and amortisation of both, premium and discount on acquisition Method of amortisation for Floating Rate Bonds: The revised framework on Investment allow d) amortisation of premium and discount across all categories of investments To comply with these the Bank has now switched over t0 Straight Line Method from Constant Yield amortisation norms Method. In terms of the transition guidelines of the revised framework; on 1s' April 2024 the Bank has debited net loss of <1,331.38 Crore (net of tax) to the General Reserve and credited net gain of <3,869.44 Crore (net of tax) to the AFS Reserve. The impact of the revised framework for the period prior to from the transition date is not ascertainable. As a result , the incomel profit or loss investments for the quarter and year ended on 31* March 2025 are not comparable to figures reported for the quarter and year ended on 31s March 2024 As per RBI Circular no.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6546491e2a52d395"}, {"chunk_id": "33fe53427a16eb85", "content": "As a result , the incomel profit or loss investments for the quarter and year ended on 31* March 2025 are not comparable to figures reported for the quarter and year ended on 31s March 2024 As per RBI Circular no. RBIIDORI2024-25/135 DOR STR REC.72/ 21.04.048/2024-25 dated 29th March 2025, on guidelines for Government-guaranteed Security Receipts , banks are permitted to [OCR] OSBI reverse any excess provision to the Profit and Loss Account in the year of transfer of a loan to an Asset Reconstruction Company (ARC) for a value higher than the net book value (NBV), provided the consideration consists solely of cash and SRs guaranteed by the Government of India. Such SRs shall be valued periodically by reckoning the Net Asset Value (NAV) declared by the ARC based on the recovery ratings received for such instruments_ The Bank has carried SRs guaranteed by Government of India at face value or Net Asset Value (NAV) declared by the ARC , whichever is lower by crediting to the Profit and Loss Account <3,874.99 crore, being the lower of face value or NAV pertaining to 19 Trust accounts managed by National Asset Reconstruction Company Ltd. (NARCL) 11. On gih August 2024 the Bank divested 2% of its stake in Clearing Corporation of India Limited (CCIL) , then associate company: Profit on sale of stake amounting to <111.80 Crore is recognized in Profit & Loss", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6546491e2a52d395"}, {"chunk_id": "654a8a11f52c568d", "content": "then associate company: Profit on sale of stake amounting to <111.80 Crore is recognized in Profit & Loss Account, Following this divestment , CCIL is no longer an associate, and investment therein has been reclassified as FVTPL Non-HFT BP BC/3/21.04.048/2020-21 12, In terms of RBI dated 6\" August  2020 (Resolution circular DOR No. Framework 1.0), and DORSTRREC.11/21.04.048/2021-22 dated 5th May 2021 (Resolution Framework 2.0), the details of resolution plan as on 315t March 2025 are as follows in Crore) Exposure to accounts Exposure to accounts Of (A); Of (A) Of (A) amount classified as Standard classified as Standard aggregate amount written off paid by the consequent to consequent to debt that Type of implementation of implementation of slipped into during the borrowers borrower half-year NPA during during the resolution plan resolution plan Position as at the end the half- Position as at the end half year of this half-year of the previous half- year year Personal 9,864 264 633 8,967 Loans Corporate 4,966 174 836 6,956 persons of which; 4,227 174 675 3,378 MSMEs Others 14,830 438 1,469 12,923 Total 13. Details of loan transferredlacquired during year ended on 31s March 2025 under the RBI Master Direction on Transfer of Loan Exposures dated 24\"h September 2021 are given below: The transfer of loans in secondary market is regular phenomenon in foreign jurisdiction. Further; considering intent  of  comprehensive the ofloan exposure for a robust secondary market in Loans, the disclosure given here promoting contains  the domestic", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "6546491e2a52d395"}, {"chunk_id": "7630c2435030727a", "content": "[OCR] SBI Sale of Loans: The Bank has not transferred any Special Mention Account (SMA) and loans which are not in default a) Details of non-performing assets (NPAs) transferred are as follows: b) in Crore) To Asset Reconstruction To permitted To other Particulars Companies (ARCs) transferees transferees Number of accounts 20 22 Aggregate principal outstanding of loans 7,016.81 122.28 transferred Weighted average residual tenor of the loans transferred (Years) Net book value of loans transferred (at the time of transfer) Aggregate consideration 3,969.21 45 13 Additional consideration reallized In respect of 80.97 accounts transferred in earlier years Excess Provision amounting to <523.37 Crore (Previous year <1,122.18 Crore) on sale of NPAs to Securitisation Company (SC)Reconstruction Company (RC) has been credited in the Profit & Loss Account. During the year ended 31\" March 2025 investment made in Security Receipts (SRs) was {3,175.28 Crore (Previous year <674.18 Crore) The Security Receipts other than those guaranteed by Government of India are provided for and c) hence the book value is nil across various categories of Ratings assigned to Security Receipts by the Credit Rating Agencies as at 31* March 2025. Purchase of Loans: The Bank has not acquired any stressed loan during the year ended on 31st March 2025 d) homogeneous The purchased which default from e) Bank has loan assets not in are", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "756d47dcdb1f3072"}, {"chunk_id": "2347279acc93c050", "content": "Purchase of Loans: The Bank has not acquired any stressed loan during the year ended on 31st March 2025 d) homogeneous The purchased which default from e) Bank has loan assets not in are NBFCsIHFCsIMFIs under Direct Assignment Route covered under Transfer of Loan Exposure_ During the year ended on 31st March 2025 the Bank has purchased secured home loans and secured & unsecured SME loans and Agri (ABU) loans: Details of loans not in default acquired (domestic) through assignment during year ended on 31st g) March 2025, are given below: in Crore) From SCB, RRBs, UCBs, SICBs, DCCBs AIFIs; SFBs From ARCs and NBFCs including Housing Particulars Finance Companies (HFCs) Secured Unsecured Secured Unsecured Loan Loan Loan Loan 10,100. 65 Aggregate amount of loans acquired 12,750.56 Aggregate consideration paid 9,072.53 11,426.55 Weighted average residual tenor of the 9.33 2.03 Ioans acquired (years) [OCR] SBI From SCB, RRBs; UCBs SICBs, DCCBs, AIFIs, SFBs From ARCs and NBFCs including Housing Particulars Finance Companies (HFCs) Secured Unsecured Secured Unsecured Loan Loan Loan Loan Weighted average holding period by the 1.24 0.70 originator (years Retention Of the beneficial economic 10.17% 10.38% interest by the originator Tangible Security Coverage Not Applicable 295.52% h) The loans acquired are not rated as these are not corporate borrowers. Rating of pool under Direct Assignment is mandatory; therefore as per Industry Practice and not Bank's Assignment Policy; Loss Estimates are obtained from External Rating agency: 14.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "756d47dcdb1f3072"}, {"chunk_id": "f981a1f5bd8e881e", "content": "Rating of pool under Direct Assignment is mandatory; therefore as per Industry Practice and not Bank's Assignment Policy; Loss Estimates are obtained from External Rating agency: 14. Investor's complaints received and disposed off during the quarter ended on 31\" March 2025 are: Number of Particulars Complaints Pending at beginning of the quarter Nil Received during the quarter 79 Disposed during the quarter 79 Il Nil IV Unresolved at the end of the quarter CG-DL-E-07042025-262329 dated 5\" April 2025, the following 15. Pursuant to Gazette Notification No Regional Rural Banks (RRBs) , sponsored by the State Bank of India have been amalgamated and the five 18t May 2025. The Bank's sponsor bank has been changed in respect of RRBs with effect from investments in these RRBs are included in its financial statements as at 318 March 2025. New Name after Sponsor Bank of Name of transferor RRBs Sr; Sponsor Bank of transferee RRBs transferor RRBs Amalgamation of No RRBs Union Andhra Pradesh Grameena State Bank of India Andhra Pradesh Bank of India Vikas Bank Grameena Bank Bank of Baroda Saurashtra Gramin Bank State Bank of India Gujarat Gramin Bank Ellaquai Dehati Bank State Bank of India Jammu and Kashmir The Jammu and Grameen Bank Kashmir Bank Ltd State Bank of India Madhya Pradesh Madhyanchal Gramin Bank Bank of India Gramin Bank Odisha Grameen State Bank of India Utkal Grameen Bank Indian Overseas Bank Bank Rajasthan Marudhara State Bank of India Rajasthan Gramin State Bank of Gramin Bank Bank India 16.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "756d47dcdb1f3072"}, {"chunk_id": "bac0a1952a871bac", "content": "Madhya Pradesh Madhyanchal Gramin Bank Bank of India Gramin Bank Odisha Grameen State Bank of India Utkal Grameen Bank Indian Overseas Bank Bank Rajasthan Marudhara State Bank of India Rajasthan Gramin State Bank of Gramin Bank Bank India 16. The Central Board has declared a dividend of <15.90 per share @1590% for the year ended 315 March 2025 Lx kW [OCR] SBI 17 . Previous periodlyear figures have been regrouped/reclassified , wherever necessary; to conform t0 current period classification; L4 ~Vinay M, Tonse Rama Mohan Rao Amara AshwiniKumar Tewari Rana Ashutosh Kumar Singh Managing Director Managing Director Managing Director Managing Director (IB,GM & T) (R,C & SARG) (CB & S) (RB & 0) Challa Sreemvasulu Setty (Chairman) For Ravi Rajan & Co LLP For Gokhale & Sathe For JLNUS & Co. Chartered Accountants Chartered Accountants Chartered Accountants Firm Regn. No.009073NIN500320 Firm Regn: No 101543W Firm Regn: No.103264W Auutw SklaLli CA Sumit Kumar CA Shalabh Kumar Daga CA Rahul Joglekar Partner: M, No.512555 Partner: M No.401428 Partner: M No. 129389 For Vinod Kumar & Associates For Rama K Gupta & Co. For R G NPrice & Co. Chartered Accountants Chartered Accountants Chartered Accountants Firm Regn: No.002304N Firm Regn. No.002785S Firm Regn. No.OO5OO5C CA Vinod Jain CA Ramakant Gupta CA PM. Veeramani Partner: M. No. 081263 No 073853 Partner: M No 023933 Partner: M For Varma & Varma For B C Jain & Co. For Gopal Sharma & Co Chartered Accountants Chartered Accountants Chartered Accountants Firm Regn. Nb,004532S Firm Regn: No.002803C Firm Regn: No.001099C 0LA CA Abhishek Sharma", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "756d47dcdb1f3072"}, {"chunk_id": "de9f95721a504736", "content": "Partner: M For Varma & Varma For B C Jain & Co. For Gopal Sharma & Co Chartered Accountants Chartered Accountants Chartered Accountants Firm Regn. Nb,004532S Firm Regn: No.002803C Firm Regn: No.001099C 0LA CA Abhishek Sharma CA PR Prasanna Varma CA Ranjeet Singh Partner: M; No 079224 Partner: M. No.025854 Partner: M. No.073488 For 0 P Bagla & Co. LLP For S G C 0 & Co. LLP Chartered Accountants Chartered Accountants FirmRegn No.112081WI100184 Kn~ Kqu/ CA Suresn Murarka CA Rakesh Kumar Partner: M. No.087537 Place: Mumbai Date: 03rd May 2025", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "756d47dcdb1f3072"}, {"chunk_id": "a1f20bf711303f93", "content": "[OCR] OSBI Notes_on Consolidated Financial Results The above consolidated financial results for the quarter and year ended 318 March 2025 have been drawn from Consolidated Financial Statements prepared in accordance with Accounting Standards issued by Institute of Chartered Accountants of India (ICAI) , the relevant provisions the circulars , guidelines and directions issued by the of the Banking Regulation Act 1949, Bank of India (RBI) ,  Insurance Regulatory ad Development  Authority of  India Reserve (IRDAI) , Pension Fund Regulatory and Development Authority (PFRDA), SEBI (Mutual Funds) 1996 from time to time and as per the requirements of SEBI (Listing Obligations Regulations and Disclosure Requirements) Regulations, 2015 (as amended) The above consolidated financial results for the quarter and year ended 31\" March 2025 have 2 May been reviewed by the Audit Committee of the Board at its meeting held on 2nd 2025 and May approved by the Board of Directors at its meeting held on 3r 2025 The figures for the Q4FY2024-25 are the balancing figures between the figures as per the 3 audited financial statements for FY2024-25 and the published figures for nine months ended The figures for corresponding previous quarter i.e: Q4FY23-24 are on 315 December 2024 the balancing figures between audited figures in respect of FY23-24 and the published figures for nine months ended on 31# December 2023.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "11e0ed3704106447"}, {"chunk_id": "68f02f9cb439df32", "content": "on 315 December 2024 the balancing figures between audited figures in respect of FY23-24 and the published figures for nine months ended on 31# December 2023. The above consolidated financial results for the quarter and year ended 31\" March 2025 have been arrived at after considering necessary provisions for Non-Performing Assets (NPAs) Assets,  Non-Performing Assets Derivative   Exposures, Standard Standard Restructured Investments, Contingencies, Employee Benefits, Direct Taxes (after adjustment for Deferred Tax) and in respect of other assetsl items are made on estimated basis Other income of SBI Group includes commission from non-fund based activities fee income 5 earings from foreign exchange and derivative transactions or loss on sale revaluation profit of investments, dividends from associates, Insurance Premium Income and recoveries made in written off accounts 6. The above consolidated financial results of State Bank of India ('SBI' or 'the Bank') include the results of SBI ad its 27 Subsidiaries, 8 Joint ventures ad 18 Associates (including 14 Regional Rural Banks) , referred to as the \"Group\" , The Group has continued to follow the same accounting policies and practices in preparation of the financial results for the quarter and year ended 31\" March 2025 as followed in the previous financial year ended 31\" March 2024 except for: [OCR] OSBI The changes required on account of RBI Master Direction RBIIDOR/2023-24/104 DORMRG", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "11e0ed3704106447"}, {"chunk_id": "93526038973d7a22", "content": "previous financial year ended 31\" March 2024 except for: [OCR] OSBI The changes required on account of RBI Master Direction RBIIDOR/2023-24/104 DORMRG 36/21.04.141/2023-24 dated 12\"h September 2023, applicable from 1\" April 2024 as stated below: Policies_on classification and valuation ot investments: revised framework of classification the With effect from 1st April 2024, the Bank adopted and valuation of investments issued by RBI vide Master Direction No. RBIIDORI2023- Classification , Valuation DOR MRG, 36/21.04.141/2023-24 and Operation   of 24/104 on Investment Portfolio of Commercial Banks (Directions) , 2023 dated 12t September 2023. For the purpose of consolidation , all the subsidiaries and joint ventures of the Bank have followed the revised investment framework except SBI Life Insurance Company Ltd. and SBI General Insurance Company Ltd , (the subsidiaries regulated by IRDA) which continue to follow IRDAI guidelines Method of recording the_transactions in HTMsecurities: Policy, the premium paid on acquisition of HTM category Investments was As per the extant amortised over the term t0 maturity on yield basis_ In terms of new investment a constant framework  the Bank has switched over to Weighted Average Carrying Cost (WACC) from First in First Out (FIFO) method of recording transactions uniformly across all categories of Investments and amortisation of both, premium and discount on acquisition Method ofamortisation for Floating Rate Bonds:", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "11e0ed3704106447"}, {"chunk_id": "c130d641ea4a84c4", "content": "Investments and amortisation of both, premium and discount on acquisition Method ofamortisation for Floating Rate Bonds: The revised framework on investment allow amortisation of premium and discount across To comply with these amortisation norms, the Bank has now all categories of investments switched over to Straight Line Method from constant yield method, In terms of the transition guidelines of the revised framework on 18\" April 2024, the Group has debited net loss of ? 714.93 Crore (net of tax) to the General Reserve & Balance in P&L of ? 4,428.65 Crore (net of tax) to the AFS Reserve account and credited net gain The impact of the revised framework for the period prior to the transition date is not ascertainable As result, the income / profit or loss from investments for the quarter and year ended 31\" March 2025 are not comparable to figures reported for quarter and year ended 31s March 2024 As per RBI Circular no RBIIDORI2024-25/135 DOR STR REC.72/ 21.04.048/2024-25 dated March 2025, on guidelines for Government-guaranteed Security Receipts, 291 banks are permitted to reverse any excess provision to the Profit and Loss Account in the year of transfer of a loan to an Asset Reconstruction Company (ARC) for a value higher than the net book value (NBV) . provided the consideration consists solely of cash and SRs guaranteed by 4 / luv", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "11e0ed3704106447"}, {"chunk_id": "deeddca3a21a0e31", "content": "[OCR] OSBI the Government of India , Such SRs shall be valued periodically by reckoning the Net Asset Value ARC recovery   ratings received for such declared (NAV) by the based the on instruments The Bank has carried SRs guaranteed by Government of India at face value or Net Asset whichever is lower by crediting to the Profit and Loss Value (NAV) declared by the ARC value or NAV pertaining to being 19 Trust Account 3,874.99 crore, the lower of face accounts managed by National Asset Reconstruction Company Ltd. (NARCL) As per new investment guidelines applicable from 1s April 2024, the status of Jio Payments 8 of SBI . Further, during the year Bank Ltd, has changed from 'Associate' to Joint Venture' ended 31st March 2025, Jio Payments Bank Ltd has offered right issue of its equity shares in which SBI did not participate. Consequently, the stake of SBI has reduced from 22.75% to 14.96% in the said joint venture Pursuant to exercise of options under approved Employee Stock Option Plan (ESOP); the 9 following group entities have issued equity shares to their eligible employees: SBI Cards and Payment Services Limited has allotted 3,88,435 equity shares of 10 each during the year ended 31* March 2025. Consequently, the stake of SBI in SBI Cards and Payment Services Limited has reduced from 68.63% to 68,60%. SBI Life Insurance Company Limited has allotted 6,69,618 equity shares of 10 each during the year ended 31*t March 2025. Consequently, the  stake of SBI in  SBI Life", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7c9bf34389de20d7"}, {"chunk_id": "d86e26989f63a69d", "content": "SBI Life Insurance Company Limited has allotted 6,69,618 equity shares of 10 each during the year ended 31*t March 2025. Consequently, the  stake of SBI in  SBI Life Insurance Company Limited has reduced from 55.42% to 55.38%. SBI General Insurance Company Limited has allotted 3,71,693 equity shares of < 10 each I . during the year ended 315 March 2025. Consequently , the stake of SBI in SBI General Insurance Company Limited has reduced from 69.11% to 68.9g%_ SBI Funds Management Limited has allotted 18,68,925 equity shares of < 1 each during the IV year ended 31* March 2025. Consequently, the stake of SBI in SBI Funds Management Limited has reduced from 62.21% to 61.98% and the stake of SBI Group in SBI Funds Management (International) Private Limited and SBI Pension Funds Private Limited has reduced from 62.21% and 92.44% to 61.98% and 92.40% respectively On 10\"h September 2024 , State Bank of India, 10 PT Bank KEB Hana Indonesia and PT Bank SBI Indonesia have signed Shareholders Agreement; which allows PT Bank KEB Hana Indonesia to invest in 1% share of PT Bank SBI Indonesia . Accordingly, the earlier minority shareholder has exited, and PT Bank KEB Hana is inducted as new minority shareholder; [OCR] OSBI and the said process is completed on 25ih December 2024. Consequently, the stake of SBI in PT Bank SBI Indonesia has reduced from 99.56% to 99 00%. SBI disinvested 2% of its stake in The Clearing Corporation of India 11.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7c9bf34389de20d7"}, {"chunk_id": "97dbbf66e706895d", "content": "Consequently, the stake of SBI in PT Bank SBI Indonesia has reduced from 99.56% to 99 00%. SBI disinvested 2% of its stake in The Clearing Corporation of India 11. On 9\"h August 2024 , Following this disinvestment, CCIL is no longer a Limited (CCIL), an associate company as a associate only uUp to 8\" August 2024 in Consolidated associate and IS considered Financial Statements of SBI , During the year ended 31\" March 2025, Yes Bank Limited has allotted 255,97,61,818 equity 12 shares of 2 each pursuant to the exercise of share warrants by other two investors for 127,98,80,909 equity shares t0 each investor and 2,64,71,398 equity shares of ? 2 each under Consequently, the stake of SBI in Yes Bank the approved employee stock option scheme from Limited has reduced 26.13% to 23.97%. of   SBI) wholly Limited   (subsidiary owned Funds   Management 13. SBI has incorporated subsidiary namely SBI Funds International (IFSC) Limited on 7ih February 2024 in Gift City Gandhinagar. During the quarter ended 30\" September 2024, the company received requisite < 25.00 Crore from SBI Funds Management approval for its operations and capital of Limited . Accordingly, the company is considered as group subsidiary in Consolidated Financial Statements of SBI from 8t July 2024 wholly owned subsidiary of SBI, has changed to The name of 'SBICAP Ventures Limited' 14 'SBI Ventures Limited' W ef 24th July 2024 and the name of 'SBI Global Factors Limited' 'SBI Factors Limited' W e.f 26\" February", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7c9bf34389de20d7"}, {"chunk_id": "f71ce3a3c006c552", "content": "The name of 'SBICAP Ventures Limited' 14 'SBI Ventures Limited' W ef 24th July 2024 and the name of 'SBI Global Factors Limited' 'SBI Factors Limited' W e.f 26\" February wholly owned subsidiary of SBI , has changed to 2025 15. In accordance with the notification issued by Govt. of India, the assets and liabilities of Andhra Pradesh Grameena Vikas Bank, Regional Rural Bank (RRB) sponsored by SBI, has been Pradesh Grameena is  amalgamated bifurcated and part  of Andhra Vikas Bank with Telangana Grameena Bank The effective date of amalgamation is 1* January 2025 and after amalgamation, the stake of SBI in both RRBs remains same as both are sponsored by SBI In accordance with the notification issued by Govt. of India, the following Regional Rural Banks 16 (RRBs) sponsored by the State Bank of India and RRBs sponsored by other banks have been May amalgamated from 1st The Bank's investments in RRBs sponsored by the Bank; 2025. are included in Its financial statements as at 31* March 2025 (a) The details of amalgamation of RRBs, where the transferee RRBs are not sponsored by SBl are as below: [OCR] SBI Sponsor Bank of Name of transferor RRBs Sponsor Bank of New Name after Sr. transferor RRBs Amalgamation of transferee RRBs No. RRBs Union Andhra Pradesh Grameena State Bank of India Andhra Pradesh Grameena Bank Bank of India Vikas Bank Chaitanya Godavari Union Bank of India Grameena Bank Canara Bank Andhra Pragathi Grameena Bank Saptagiri Grameena Bank Indian Bank Gujarat Gramin Bank of Baroda Saurashtra Gramin Bank", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7c9bf34389de20d7"}, {"chunk_id": "a6022e1ab6b0b61e", "content": "Andhra Pradesh Grameena Bank Bank of India Vikas Bank Chaitanya Godavari Union Bank of India Grameena Bank Canara Bank Andhra Pragathi Grameena Bank Saptagiri Grameena Bank Indian Bank Gujarat Gramin Bank of Baroda Saurashtra Gramin Bank State Bank of Indla Bank Bank of Baroda Baroda Gujarat Gramin Bank The Jammu and State Bank of India Jammu and Kashmir Ellaquai Dehati Bank Kashmir Bank Ltd Grameen Bank J & K Grameen Bank The Jammu and Kashmir Bank Ltd Madhya Pradesh Bank of India Madhyanchal Gramin Bank State Bank of India Gramin Bank Madhya Pradesh Gramin Bank Bank of India Indian Odisha Grameen Uikal Grameen Bank State Bank of India Overseas Bank Bank Odisha Gramya Bank Indian Overseas Bank (b) The details of amalgamation of RRBs , where the transferee RRB is sponsored by SBI are as below: Sponsor Bank of New Name after Sponsor Bank of Sr. Name of transferor RRBs transferee RRBs No. transferor RRBs Amalgamation of RRBs Rajasthan Marudhara Gramin Bank State Bank of India Rajasthan Gramin State Bank of India Bank Baroda Rajasthan Kshetriya Bank of Baroda Gramin Bank The Central Board has declared a dividend of < 15.90 per share @ 1590% for the year ended 31\" March 2025. In accordance with current RBI guidelines , the general clarification issued by ICAI has been 18. considered in the preparation of the consolidated  financial results. Accordingly , additional statutory information disclosed financial separate parent in statements of the and its subsidiaries having no bearing on the true and fair view of the consolidated financial results the   information   pertaining", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7c9bf34389de20d7"}, {"chunk_id": "c7ada131da1b00a6", "content": "statutory information disclosed financial separate parent in statements of the and its subsidiaries having no bearing on the true and fair view of the consolidated financial results the   information   pertaining to the items and also which material have not not been are the  Accounting disclosed consolidated financial in the view  of Standard statements In Interpretation issued by ICAI. X&6L", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7c9bf34389de20d7"}, {"chunk_id": "bc04fd764a5c0e19", "content": "[OCR] OSBI Previous   periodl  year figures have been regroupedl reclassified, wherever  necessary, 19 to conform t0 current period classification Vinay M. Tonse Rana Ashutosh Kumar Singh Ashwini Kumar Tewari Rama Mohan Rao Amara Managing Director (Managing Director Managing Director Managing Director (RB & 0) (R, € & SARG) (CB & S) (IB, GM & T) Chala Sreenivasulu Setty (Chairman) In terms of our Report of even date For Ravi Rajan & Co LLP Chartered Accountants FRN 009073N N500320 Mw CA Sumit Kumar Partner: M: No. 512555 Place: Mumbai Date: 3rd 2025 May [OCR] Independent Auditor's Report on the Standalone quarterly and year to date Financial Results of State Bank of 52 read with  regulation 63(2) of the SEBI (Listing Regulation 33 and Regulation India   pursuant to the Obligations and Disclosure Requirements) Regulations, 2015. To The Board of Directors_ State Bank of India Report on the Audit of the Standalone Financial Results Opinion We have audited the accompanying Statement of Standalone Financial Results of State Bank of India (\"the Bank\") for the quarter and year ended March 31, 2025(\"the Statement\") attached herewith, being submitted by the Bank pursuant t0 the requirements of Regulation 33 and 52 read with Regulation 63(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015, as amended (\"Listing Regulations' except for the disclosures relating to Pillar 3 disclosure as at March 31, 2025 including Leverage Ratio, Liquidity Coverage", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b8390858167e6845"}, {"chunk_id": "4cfbfc98202979ad", "content": "2015, as amended (\"Listing Regulations' except for the disclosures relating to Pillar 3 disclosure as at March 31, 2025 including Leverage Ratio, Liquidity Coverage Ratio and Net Stable Funding Ratio under Basel III Capital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in the Standalone Financial Results and have not been audited by uS. The Statement includes financial statements/ financial information for the year ended on that date of: 17 Local Head offices, Global Market Unit, International Business Group, Corporate The Central offices, Group, Commercial Client Group, Stressed Asset Resolution Group. Central Accounts Offices Accounts and 20 branches audited bY us; 6150 Indian branches audited by Statutory Branch Auditors; 35 Foreign branches audited by Local Auditors The branches audited by us and those audited by other auditors have been selected by the Bank in accordance with the guidelines issued to the Bank by the Reserve Bank of India Also incorporated in the Balance Sheet  the Profit and Loss Account and Cash Flow Statement are the financial statementl financial information from 19400 Indian branches (including other accounting units) which have not been subjected to audit   These unaudited branches account for 23 47% of advances 42,74% Of deposits, 18.71% of interest income and 34.14% of interest expenses", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b8390858167e6845"}, {"chunk_id": "a3a260ca64d00eca", "content": "branches account for 23 47% of advances 42,74% Of deposits, 18.71% of interest income and 34.14% of interest expenses In our opinion and t0 the best of our information and according t0 the explanations given to us, these standalone financial results: are presented in accordance with the requirements of regulation 33 of the Listing Regulations In this regard 2025 including leverage ratio except for the disclosures relating to Pillar 3 disclosure as at March 31, liquidity coverage ratio and net stable funding ratio under Basel IIl Capital Regulations as have been disclosed on the Bank's website and in respect of which a Iink has been provided in the financial results and have not been audited by us; ad gives a true and fair view in contormity with the recognition and measurement principles laid down in the applicable accounting standards, the relevant provisions of the Banking Regulation Act   1949, the State Bank of India Act;, 1955 , circulars, directions and guidelines issued by the Reserve Bank of India (RBI) from time to time (\"the RBI guidelines\") ad other accounting principles generally accepted in India of the net 31 , profit and other financial information for the quarter ended March 2025 as well as the year t0 date results for the period from April 1, 2024 to March 31, 2025. Basis of Opinion We conducted our audit in accordance with the Standards on Auditing (SAs) issued by the Institute of Chartered", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b8390858167e6845"}, {"chunk_id": "814a2af0e23da62a", "content": "results for the period from April 1, 2024 to March 31, 2025. Basis of Opinion We conducted our audit in accordance with the Standards on Auditing (SAs) issued by the Institute of Chartered Accountants 0f India (\"ICAI ) Our responsibilities under those SAs are further described In the Auditor's Responsibilities for the Audit of Standalone Financial Results section of ur report We are independent of the Bank in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the Standalone financial results. and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics, We believe that the audit evidence we have obtained is sufficlent and appropriate t0 provide a basis for our opinion.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 18, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b8390858167e6845"}, {"chunk_id": "37846aa24e5d2dbc", "content": "[OCR] Board of Directors' Responsibility for the Standalone Financial Results The Standalone financial results have been compiled from the annual standalone financial Statements and Bank s Board of Directors are responsible for the preparation of these The approved by the Board of Directors, net profit and loss and other  financial a true ad falr view of the Standalone financial  results thal gives applicable laid  down in information in accordance with the recognition measurement   principles the and accounting standards issued by ICAI, the relevant provisions of the Banking Regulation Act; 1949  State Bank of RBI Guidelines and other accounting principles generally accepted in India and in compliance India Act, 1955 This responsibility also includes maintenance of adequate accounting records in with the Listing Regulations accordance with the provisions of the Banking Regulations Act; 1949 for safeguarding of the assets of the Bank other   irregularities;   selection  and application of appropriate detecting  frauds and and for  preventing and reasonable and   prudent; policies;   making   judgments that and estimates are accounting of adequate internal  financial  controls  (hat are operating effectively  for implementation and maintenance the   preparation of  the   accounting   records and relevant t0 and completeness the   accuracy ensuring a true and fair view ad are iree from material presentation of the Standalone financial results that give", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2d3e6fdca69d780f"}, {"chunk_id": "793efba67d35e890", "content": "maintenance the   preparation of  the   accounting   records and relevant t0 and completeness the   accuracy ensuring a true and fair view ad are iree from material presentation of the Standalone financial results that give or error which have been used for the purpose of preparation of the misstatement   whether due t0 fraud Standalone financial results by the Board of Directors of the Bank as aforesaid In preparing the Standalone financial results , the Board of Directors are responsible for assessing the ability of the Bank t0 continue as a going concern, disclosing; as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Bank or to cease operations, or has no realistic alternative but to do so The Board of Directors are responsible for overseeing the financial reporting process of the Bank: Auditor's Responsibilities for the Audit of Standalone Financial Results Our objectives are t0 obtain reasonable assurance about whether the Standalone financial results as a whole Is free from material misstatement; whether due to fraud or error, and to issue an auditor's report that includes our Reasonable assurance iS a high level of assurance but is not a guarantee that a audit conducted in opinion Misstatements can arise from accordance with SAs will always detect a material misstatement when it exists", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2d3e6fdca69d780f"}, {"chunk_id": "e888706289977948", "content": "opinion Misstatements can arise from accordance with SAs will always detect a material misstatement when it exists fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the Standalone financial results. we exercise professional judgment and maintain professional As part of a audit in accordance with SAs skepticism throughout the audit We also: Identify and assess the risks of material misstatement of the Standalone financial results , whether due to fraud and obtain audit evidence that Is or error, design and perform audit procedures responsive to those risks, sufficient and appropriate t0 provide a basis for our opinion. The risk of not detecting a material misstatement as fraud may involve collusion, forgery , resulting from fraud is higher than for one resulting from error, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order t0 design audit procedures that are DOS ARG required Resenve Bank of India letter circumstances As by the the appropriate In No.6270/08 91.001/2019-20 dated March 17, 2020 (as amended) , we are also responsible for expressing our opinion on whether the Bank has adequate internal financial controls with reference to the standalone financial", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2d3e6fdca69d780f"}, {"chunk_id": "0388b014a80483fb", "content": "opinion on whether the Bank has adequate internal financial controls with reference to the standalone financial statements in place and the operating effectiveness of such controls Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors_ Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions significant doubt on the Bank s ability to continue as a going concern. If we conclude that a that may cast material uncertainty exists, we are required t0 draw attention in our auditors report to the related disclosures in if such disclosures are inadequate, t0 modify our opinion. Our conclusions tne Standalone financial results Or are based on the audit evidence obtained up t0 the date of our auditor $ report  However, future events Or conditions may cause tne Bank t0 cease to continue as a going concern. structure, and content of the Standalone financial results,  including the Evaluate the overall presentation; disclosures, ad whether the Standalone financial results represent the underlying transactions and events in a manner that achieves fair presentation We communicate with those charged with governance regarding, among other matters, the planned scope and", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2d3e6fdca69d780f"}, {"chunk_id": "cc962f0e433619e6", "content": "a manner that achieves fair presentation We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we Sprmgide identify our audit those charged with governance with a statement that we have complied with relevant ethical We also Y 0", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 19, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2d3e6fdca69d780f"}, {"chunk_id": "3cd8ce848379e066", "content": "[OCR] requirements regarding independence , ad to communicate with them all relationships ad other matters that may reasonably be thought to bear on our independence, and where applicable , related safeguards Other Matters March 31, 2025 being the The  Statement  include the standalone financial results for the quarter ended 9, balancing figure between the audited figures in respect of the year ended March 31, 2025 and the published unaudited year to date figures Up to the third quarter of the current financial year which were subject to limited review by US a5 required by the Listing Regulations. financial  information of 6185 branches  (including 35 Foreign 10, We did not audit the financial   statements branches) included in the Standalone Financial Results of the Bank whose financial   statementsifinancial 57.22% of deposits and 71% of non-performing assets as o March 31 information cover 60% of aavances_ 2024 to March 31, 2025 The financial statements/ financial 2025 and 37 42% of revenue for the period April information of these branches have been audited by the branch auditors whose reports have been furnished to u5, and in our opinion in s0 far as it relates t0 the amounts and disclosures included in respect of branches based on the report of such branch auditors 11. In conduct of our audit; we have taken note of the unaudited financial statement financial information in respect", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 21, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "16361cc9c0591f2b"}, {"chunk_id": "c3e9c2eb3c76556d", "content": "based on the report of such branch auditors 11. In conduct of our audit; we have taken note of the unaudited financial statement financial information in respect of 19400 branches certified by the respective branch s management These unaudited branches cover 23.47% 2025 and 18.93% of 42.74% of deposits and 29.10% of non-performing assets as on March 31 of advances revenue for the period April 1, 2024 to March 31, 2025. Our opinion on the Standalone Financial Results is not modified in respect of above matter. For JLNU $ & Co: For Gokhale & Sathe For Ravi Rajan & Co. LLP Chartered Accountants Chartered Accountants Chartered Accountants Firm Regn Firm Regn No 103264W Firm Regn No 009073NIN5O0320 Mulun Slululh( CA Shalabh Kumar Daga CA Rahul Joglekar CA Sumit Kumar No 401428 Partner: M No; 129389 Partner: M Partner; M; No 512555 UDIN: 25401428BMIAOL3813 UDIN: 25129389BMJiQM3917 UDIN: 25512555BMNPTL5676 For Rama K Gupta & Co: For R G N Price & Co. For Vinod Kumar & Associates Chartered Accountants Chartered Accountants Chartered Accountants No.002785S Regn: Firm Regn No 002304N Firm Firm RegnNo.OO5005C CA Ramakant Gupta CA PM Veeramani CA Vinod Jain Partner M No,073853 Partner; M No 023933 Partner: M No 081263 UDIN: 25073853BMLFKK8O18 UDIN: 25023933BMLHSK5929 UDIN: 25081263BMOGSL8415 For B C Jain & Co. For Gopal Sharma & Co. For Varma & Varma Chartered Accountants Chartered Accountants Chartered Accountants Firm Regn: No 002803C Firm Regn; No.0045325 Firm Regn: No.001099C Aul CA Ranjeet Singh", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 21, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "16361cc9c0591f2b"}, {"chunk_id": "64ef54db1d561a96", "content": "For B C Jain & Co. For Gopal Sharma & Co. For Varma & Varma Chartered Accountants Chartered Accountants Chartered Accountants Firm Regn: No 002803C Firm Regn; No.0045325 Firm Regn: No.001099C Aul CA Ranjeet Singh CA Abhishek Sharma CAIR R Prasanna Varma Partner M No. 073488 No 025854 Partner: M No 079224 Partper: M UDIN: 25073488BMTDJL1145 UDIN: 25025854BMOBIU2387 UDIN: 25079224BMLYFM4653 ForSGC0 & Co. LLP For 0 P Bagla & Co: LLP Chartered Accountants Chartered Accountants Firm Regn No 112081WN1O0184 G CA Suresh Murarka CA Rakesh Kumar Partner; M No. 044739 Partner: M No.087537 UDIN: 25044739BMLAKE6271 UDIN' 25087537BMOPBI8999 Date: 03-May-25 Place: Mumbai [OCR] Ravi Rajan & Co. LLP R Annual  Consolidated   Financial  Results Independent   Auditor' s Report on the under Regulation 33 and Regulation 52 read with 63(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To, The Board of Directors of State Bank of India Report on the Audit of the Consolidated Financial Results Opinion We have audited the accompanying Statement of Consolidated Financial Results of State Bank of India (\"tne Bank\") and its subsidiaries (the Bank ad its subsidiaries together referred to as \"the Group\") , its associates ad joint being submitted by the Bank for the quarter ad the year ended March 31, 2025 (\"the Statement\") , ventures pursuant to the requirement of Regulation 33 and 52 read with Regulation 63(2) of the SEBI (Listing Obligations", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 21, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "16361cc9c0591f2b"}, {"chunk_id": "bdb4ce4e5e024a6f", "content": "for the quarter ad the year ended March 31, 2025 (\"the Statement\") , ventures pursuant to the requirement of Regulation 33 and 52 read with Regulation 63(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 , as amended (\"Listing Regulations\") except for the disclosures relating to consolidated Pillar 3 disclosure as at March 31, 2025 including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel IIl Capital Regulations as have been disclosed on the Bank $ website and in respect of which a link has been provided in the Financial Results and have been audited by us. not In our opinion and to the best of our information and according t0 the explanations given to us, and based on the of the reports of the other separate  audited financial consideration statements ofsubsidiaries auditor5 on associates and joint ventures, the aforesaid Financial Results: includes the financial results of the following entities: Sr; Sr Name of Subsidiary Name of Subsidiary No No. SBI Capital Markets Lrd State Bank Operations Support 15 Services Pvt Ltd; SBICAP Securities Lta, SBI CDMDF Trustee Private Ltd 16 SBICAP Trustee Company Ltd SBI Funds Management (International) Pvt' Ltd 17 SBI Ventures Ltd, (formerly known as Commercial Indo Bank LLC, Moscow 18 SBICAP Ventures Ltd ) SBI Canada Bank SBI DFHI Lta; 19 SBI Factors Lta. (Formerly known a5 State Bank 0f India (California) 20 SBI Global Factors Ltd_", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 21, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "16361cc9c0591f2b"}, {"chunk_id": "4a9cb3e848a304b7", "content": "Commercial Indo Bank LLC, Moscow 18 SBICAP Ventures Ltd ) SBI Canada Bank SBI DFHI Lta; 19 SBI Factors Lta. (Formerly known a5 State Bank 0f India (California) 20 SBI Global Factors Ltd_ SBI Mutual Fund Trustee Company State Bank of India (UK) Limited 21 Pvt Ltd SBI Payment Services Pvt Ltd, 22 State Bank of India Servicos Limitada SBI Pension Funds Pvt Lid SBI (Mauritius) Ltd 23 SBI Life Insurance Company Lta 10 PT Bank SBI Indonesia 24 RAAM S05-A, Sth Floor, Reciangle DELHI 110 01 Phone +91-11-40548860-62 , ravirajan@sravigroup CCm, 1 PTERED \"tavraianco in", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 21, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "16361cc9c0591f2b"}, {"chunk_id": "b410583d423a1a18", "content": "[OCR] Sr. Name of Subsidiary Sr. No. Name of Subsidiary No. SBI General Insurance Company Lra 11 25 Nepal SBI Bank Ltd 12 SBI Cards and Payment Services Lia, 26 Nepal SBI Merchant Banking Ltd 13 SBI-SG Global Securities Services Pvt; SBI Funds International (IFSC) Ltd_ 27 Ltd, SBI Funds Management Ltd, 14 Sr. Sr. Name of Joint Venture Name of Joint Venture No. No. Edge Technologies Lrd, Macquarie SBI Infrastructure Trustee Ltd SBI Macquarie Infrastructure Oman India Joint Investment Fund Management Pvt Ltd, Management Company Pvt: Ltd,. SBI Macquarie Infrastructure Trustee Oman India Joint Investment Fund Trustee Pvt, Ltd Company Pvt Ltd, Macquarie SBI Infrastructure Jio Payments Bank Ltd Management Pte. Ltd. Sr. Sr. Name of Associato Name of Associate No. No: Andhra Pradesh Grameena Vkkas Bank Uttarakhand Gramin Bank 40 Arunachal Pradesh Rural Bank Jharkhand Rajya Gramin Bank 11 Chhattisgarh Rajya Gramin Bank Saurashtra Gramin Bank 12 Ellaquai Dehati Bank Rajasthan Marudhara Gramin Bank 13 Telangana Grameena Bank Meghalaya Rural Bank 14 Madhyanchal Gramin Bank 15 Aug-2024) Mizoram Rural Bank Yes Bank Ltd, 16 Nagaland Rural Bank 17 Bank of Bhutan Ltd Investec Capital Services (India) Private Lta Utkal Grameen Bank 18 Listing are presented in accordance with the requirements of Regulation 33 & 52 read with 63(2) of Regulations except for the disclosures relating ta consolidated Pillar 3 disclosure as at March 31,2025 including leverage ratio ,", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 23, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "acb903be7a0237d8"}, {"chunk_id": "460928ff3ac5fc08", "content": "Regulations except for the disclosures relating ta consolidated Pillar 3 disclosure as at March 31,2025 including leverage ratio , liquidity coverage ratio and net stable funding ratio under Basel Ill Capital Regulations as have been disclosed on been provided in the financial results 'has the Bank's website and in respect of which a link have not been and audited by us; and gives a true and fair view, in conformity with the applicable accounting standards, the relevant provisions of the Banking Regulation Act, 1949, the State Bank of India Act,1955 and the circulars, guidelines and directions Issued other accounting principles generally accepted in India, of the consolidated by the Reserve Bank of India (RBI) and net profit and other financial information of the Group, its associates and ventures for the quarter and year joint ended March 31,2025, RAAN 5 [OCR] Basis for Opinion We conducted our audit in accordance with the Standards on Auditing (SAs) issued Institute of Chartered Dy Ine Accountants of India Our responsibilities under those SAs are further described In the Auditors Responsibilities for the Audit of the Consolidated Financial Results section of our report We are independent of the Group; its associates ad joint ventures In accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the Consolidated", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 23, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "acb903be7a0237d8"}, {"chunk_id": "c282f99d8aa942d3", "content": "Accountants of India together with the ethical requirements that are relevant to our audit of the Consolidated Financial Results, and we have fulfilled our other ethical responsibilities In accordance with these requirements and the Code of Ethics: We believe that the audit evidence obtained by us and other auditors in terms of their reports referred to in \"Other Matter\" paragraph below, is sufficient and appropriate to provide a basis for our opinion, Board of Directors' Responsibility for the Consolidated Financial Results These   Consolidated  Financial Results have been compiled  from the consolidated  anual audited  financial statements and approved by the Board of Directors The Bank's Board of Directors are responsible for the preparation presentation of these Consolidated Financial and Results that gives & true and fair view of the consolidated net profit and other financial information of Ihe Group including its associates and Joint ventures in accordance witn the Accounting Standard issued by the Institute of Chartered Accountants of India, the relevant provisions of the Banking Regulation Act, 1949, the State Bank of India Act,1955 and the circulars, guidelines and directions issued by the Reserve Bank of India (RBI) from time to time (\"RBI Guidelines\") and other accounting principles generally accepted in India and in compliance with the Listing Regulations", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 23, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "acb903be7a0237d8"}, {"chunk_id": "5c177247e3bf9ea6", "content": "time (\"RBI Guidelines\") and other accounting principles generally accepted in India and in compliance with the Listing Regulations The respective Board of Directors of the entities included in (he Group and of its associates and joint ventures are responsible for maintenance of adequate accounting records In accordance with the provisions of the Banking Regulations Act, 1949 and applicable laws for safeguarding of the assets of group and tor preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies, making judgments ad estimates that are reasonable ad prudent; ad design, implementation ad maintenance of adequate internal financial controls that were operating effectively for ensuring accuracy and completeness 0f the accounting records, relevant t0 the preparation and presentation of the Consolidated Financial Results that give a true and fair view and are free from material misstatement, whether due t0 fraud or error; which have been used for the purpose of preparation of the consolicated financial results by the Directors of the Bank, as aforesaid, In preparing the Consolidated Financial Results, the respective Board of Directors of the entities included In the Group ad of its associates and joint ventures are responsible for assessing the ability of the Group ad of its", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 23, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "acb903be7a0237d8"}, {"chunk_id": "0d178b24886f7006", "content": "Group ad of its associates and joint ventures are responsible for assessing the ability of the Group ad of its associates ad joint ventures to continue as a going concern, disclosing, as applicable, matters related t0 going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate their respective entities r its associates or joint ventures or to cease operations, or has no realistic altemative but t0 Co s0 The respective Board of Directors of the entities included in the Group and of its associates and joint ventures are responsible for overseeing the financial reporting process of the Group and of its associates and joint ventures, Auditor'$ Responsibilities for the Audit of the Consolidated Financial Results Our objectives are t0 obtain reasonable assurance about whether the Consolidated Financial Results as a whole are free material misstatement, whether due I0 fraud or error, and t0 issue a auditor's report that includes RAAN", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 23, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "acb903be7a0237d8"}, {"chunk_id": "c682512230ef6eed", "content": "[OCR] our opinion: Reasonable assurance is a high level of assurance, but is not _ a guarantee that an audit conducted in accordance with Standards on Auditing wili always detect a material misstatement when it exists . Misstatements can arise from fraud or error and are considered material if, Individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Consolidated Financial Results_ As part of an audit in accordance with Standards on Auditing; we exercise professional judgment and maintain professional skepticism throughout the audit We also: Identify and assess the risks of material misstatement of the consolidated Financial Resuits; whether due to fraud or error; design and perform audit procedures responsive to those risks, and obtain audit evidence thatis sutficient and appropriate t0 provide a basis for our opinion The risk of not detecting a material misstatement resulting from resulting from error; Js fraud may Involve collusion   forgery; intentional omissions, fraud Is higher than ior one misrepresentations , Or the override of internal control; understanding of internal control relevant to the audit in order to design audit procedures that are Obtain a approprale in the circumstances but not for the purpose of expressing an opinion on tne effectiveness of the Bank's internal control", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 24, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "472737d1fbb3788e"}, {"chunk_id": "62da32b8baa5cde2", "content": "Obtain a approprale in the circumstances but not for the purpose of expressing an opinion on tne effectiveness of the Bank's internal control Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates ad related disclosures made by the Board of Directors, Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained , whether a malerial uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group and its associates ad joint ventures to continue as & going concern . If we conclude that a material uncertainty exists, required to draw attention in our auditor$ report we are to the related disclosures in the consolidated Financial Results or, if such disclosures are inadequate. to modify our opinion Our conclusions are based on the audit evidence obtained up to the date of our auditors report However, future events or conditions may cause the Group and its associates and Joint ventures t0 cease to continue as going concern_ overall presentation , structure and content of the consolidated Financial Results , including tne Evaluate the disclosures, and whether the consolidated Financial Results represent the underlying transactions and events In a manner that achieves fair presentation.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 24, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "472737d1fbb3788e"}, {"chunk_id": "ec5ef928ac37ed22", "content": "Evaluate the disclosures, and whether the consolidated Financial Results represent the underlying transactions and events In a manner that achieves fair presentation. Obtain sufficient appropriate audit evidence regarding the financial results/ financial information of the entities within the Group and Its assoclates and jolnt ventures t0 express an opinion on Ihe Consolidated Financial Resulls. We are responsible for the direction , supervision and performance of the audit of financial information of such entities included in the Consolidated Financial Results of which we are the Independent auditors. For the other entities included in the Consolidated Financial Results, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them We remain solely responsible for our audit opinion OELHI NEL", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 24, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "472737d1fbb3788e"}, {"chunk_id": "b7eadb34e965607c", "content": "[OCR] We communicate with those charged with governance of the Bank ad such other entities included in the Consolidated Financial Results of which we are the independent auditors regarding; among other matters, the planned scope and timing of the audit and Significant audit findings , including any significant deficiencies in internal during control that we identify our audit We also provide those charged with governance with statement that we have complied with relevant ethical requirements regarding independence, and t0 communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards We also performed procedures in accordance with the Circular No CIRICFDICMD1/44/2019 dated March 29,2019 issued by the Securities Exchange Board of India under Regulation 33(8) of the Listing Regulations, as amended, applicable to Ihe extent Other Matters 10, The Consolidated Financial Results include the audited Financial Results of 26 subsidiaries, 17 associates and 08 joint ventures, whose Financial Statements reflect Groups share of total assets of Rs 6,73 463,77 Crore as at March 31, 2025, Group s share of total revenue of Rs 40,819 81 Crore and Rs. 1,50,587.63 Crore and Group's share of total net profit after tax of Rs. 3,414.40 Crore and Rs; 12,387.06 Crore for the quarter and year ended", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 26, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1c4c874199cc0e27"}, {"chunk_id": "f01d3dbb319c9642", "content": "1,50,587.63 Crore and Group's share of total net profit after tax of Rs. 3,414.40 Crore and Rs; 12,387.06 Crore for the quarter and year ended March 31 , 2025 respectively, as considered in the consolidated Financial Results, which have been audited by their respective independent Auditors   The independent auditors' reports on financial statements of these entities have been furnished t0 us and our opinion on the consolidated Financial Results, in so far as it relates t0 the amounts and disclosures included in respect of these entities, is based solely on the report of such auditors ad the procedures pertormed by us are as stated in paragraph above: The consolidated Financial Results include the unaudited Financial Results of 01 subsidiary, and 01 associate, 11 whose Financial Statements reflect Group's share of total assets of Rs;  8,383.60 Crore as at March 31, 2025, Group's share of total revenue of Rs: 114.57 Crore and Rs, 522.51 Crore and Group's share of total net profit after tax of Rs. 15 26 Crore and Rs. 101,08 Crore for the quarter and year ended March 31, 2025 respectively. as considered in tne consolidated Financial Results. These unaudited Financial Results have been furnished t0 us by the Board of Directors and our opinion on the consoliaated Financial Results, in s0 far as it relates to the amounts and disclosures included in respect of these subsidiaries, associates and joint ventures is based solely on such", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 26, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1c4c874199cc0e27"}, {"chunk_id": "a93b345fb8717521", "content": "and disclosures included in respect of these subsidiaries, associates and joint ventures is based solely on such unaudited Financial Statements In our opinion and according to the information and explanations given t0 us by the Board of Directors, these Financial Stalements are not material t0 the Group 12 Our opinion on the consolidated Financial Results Is not modified In respect of the above matters with respect t0 our reliance on the work done and the reports of the other auditors and the Financial Results certified by the Board of Directors The auditors of SBI Life Insurance Company Limited ad SBI General Insurance Company Limited , subsidiaries of 13 the Group, have reported that the actuarial valuation of liabilities for Iife policies in force , for policies In respect of which premium has been discontinued but liability exist as at March 31, 2025 and the actuarial valuation of liabilities in respect of Claims Incurred But Not Reported (IBNR) and Claims Not Incurred But Not Enough Reported (IBNER) is the responsibility of the Company' s Appointed Actuary (the * Appointed Actuary\") . The actuarial valuation of these liabilities for life policies in force for policies in respect of which premium has been discontinued_but liability and JAN DELHI YARTEREQ [OCR] exists as at March 31, 2025 has been duly certified by the Appointed Actuary ad in his opinion; the assumptions for  such valuation", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 26, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1c4c874199cc0e27"}, {"chunk_id": "61903e1ddbf5c01f", "content": "and JAN DELHI YARTEREQ [OCR] exists as at March 31, 2025 has been duly certified by the Appointed Actuary ad in his opinion; the assumptions for  such valuation are In accordance with the guidelines and norms issued by the Insurance Regulatory Development Authority of India (\"IRDAI\" / \"Authority\") the Institute of Actuaries of India in concurrence with the and Authority: The auditors have relied upon Appointed Actuary s certificate in this regard for forming our opinion on the valuation of liabilities for life policies in force and for policies in respect of which premium has been discontinued but liability exists in financial statements of the Company The Consolidated Financial Results include the results for the quarter ended March 31, 2025 being the balancing 14 figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review by us as required by Listing Regulations_ the Our opinion on the Statement is not modified in respect of this matter, For Ravi Rajan & Co LLP Chartered Accountants Firm Registration No. 009073NIN500320 dl RAJAN CA Sumit Kumar Partner Membership No 512555 \"ARTERED Place: Mumbal Date: 3r0 May, 2025 UDIN: 25512555BMNPTN9455", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 26, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1c4c874199cc0e27"}, {"chunk_id": "64856fcbed76ed74", "content": "[OCR] SBI STATE BANK OF INDIA STATEMENT OF DEVIATION / VARIATION In THE Use OF THE PROCEEDS OF ISSUE OF LISTED NON-CONVERTIBLE DEBT SECURITIES FOR THE QUARTER ENDED 31.03.2025 Statement of utilization of issue proceeds: A_ Name ISIN Mode of Type of Date or Amount Any If 8 is Fund Rem of the fund raised instrument raising fund utilized Yes, then arks deviation Issuer raising (In Rs. (Yes/No) (In Rs specify (Public Crore) Crore) the Issue purpose private of funds placement)_ utilization Nil Statement of deviation B. variation in use of issue proceeds: Name of listed entity State Bank of India Mode of Fund Raising Prvate Placement Type of Instruments_ Not Applicable_ Date of Raising Funds Not Applicable Amount Raised Not Applicable (Outstanding bonds as on 31.03.2025 is placed as Annexure 1) Report filed for Quarter ended 31.03.2025 Is there a Deviation NVariation In use of funds raised? Not Applicable Whether any approval is required to vary the objects of the issue stated Not Applicable in the prospectus/ofterIdocument? Ifyes_details ol the approval so required? Not Applicable Date of approval Not Applicable Explanalion for the_Deviation Variation Not Applicable Comments of audit committee after teview Not Applicable Comments of the auditors_ifany Not Applicable Objects for which funds have been raised and where there has been a deviation in the following table Original Subject Modified Modified Original Funds Amount or Remarks if any Utilised Allocation Object if allocation Deviation (Rs In (Rs In (Rs In Variation for the any according Crore) Crore) Crore) quarter to applicable object (INR Rs_ crore and", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 29, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bbf19c4724a8db86"}, {"chunk_id": "cd2c4261a0dd5a86", "content": "Original Subject Modified Modified Original Funds Amount or Remarks if any Utilised Allocation Object if allocation Deviation (Rs In (Rs In (Rs In Variation for the any according Crore) Crore) Crore) quarter to applicable object (INR Rs_ crore and in % Nil Deviation could mean; (a) Deviation in the objects or purpose for which the funds have been raised (b) Deviation in the amount of funds utilized as against what was originally disclosed. 02 RagoKodavanti) B frt dept@sblcojin 22740556 yono Chief Finanaial Officer ACCOUNTS 22740364 SLI CSI Coiporete Centre TAX 27740565 SrdFloor Stato Bonk Dtivan TDS 22740152 [d,ntOsbicoin IFRS 22740185 Mudama Cuma Raad TnT2 Nariman Point Humnbai 400021 [OCR] SBI STATE BANK OF INDIA STATEMENT OF DEVIATION VARIATION IN UTILISATION OF FUNDS RAISED [As per_Regulation 32 L1 of SEBLLODR) Regulations_2015] Name of listed entity State Bank of India Raising (Public IssuemRights Issuel Preferential Issue7 Mode of Fund Nil for 04: 2024-25 QIPI Others) Date of Raising Funds Not Applicable Amount Raised Not Applicable Report filed for Quarter 31,03 2025 Monitoring Agency_ Not Applicable Monitoring Agency Name, If applicable Not Applicable Is there a Deviation Variation in use of funds raised? Not Applicable lfyes, whether the same iS pursuant t0 change in terms ofa contract or objects, Not Applicable wnich was approved by_the shareholders If Yes;, Date of shareholder Approval Not Applicable Explanation for the Deviation/ Variation Not Applicable Comments of the Audit Committee after review Not Applicable Comments of the auditors", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 29, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bbf19c4724a8db86"}, {"chunk_id": "77aac86362a8e7d5", "content": "If Yes;, Date of shareholder Approval Not Applicable Explanation for the Deviation/ Variation Not Applicable Comments of the Audit Committee after review Not Applicable Comments of the auditors if any Not Applicable Objects   for which funds have been raised and where there has been deviation, in the following table Original Original Modified Modified Funds Amount Remarks If any of Subject Object if Allocation Utilised DeviationNariation allocation any the for quarter according to applicable object (INR Rs, crore and %) Not Applicable Deviation or Variation could mean\" (a) Deviation in the objects or purposes for which the funds have been raised; Or (b) Deviation in the amount of funds actually Utilized as against what was originally disclosed; Or (c) Change in terms of a contract referred t0 in the fund raising documents | e. prospectus, letter of offer etc L 0 3 MaY 2025 (Kameshwar Rao Kodavanti) Chief Financial Officer banlsbl 22740356 3 frt dept@sol cO,in FR yono Financla  Reporting € ACCOUNTS 2274036 | Department Taxation SBI GST 22740322 Corporato Centro TAX 22740563 Jrd Floar; State Bank Rhavan TDS 22140152 22140185 8 ilcinasblcoln Noriman Polnt 400021 [OCR] SBI STATE BANK OF INDIA Annexure 1 List of Domestic Bond instruments raised by State Bank of India and Outstanding as on 31.03.2025 If 8 is Type of Any Yes, then Funds Date of Amount instrument- Sr. specify devia Mode of Fund 4Rilized ISIN Non raising Raised (Rs No. the Raising tion convertible in Crore) funds (Yes purpose Crore) securities No) of funds lutilization U INE651A08041 Private Placement Tier 2 31-12-2015", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 29, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bbf19c4724a8db86"}, {"chunk_id": "95f3bebc41646967", "content": "Funds Date of Amount instrument- Sr. specify devia Mode of Fund 4Rilized ISIN Non raising Raised (Rs No. the Raising tion convertible in Crore) funds (Yes purpose Crore) securities No) of funds lutilization U INE651A08041 Private Placement Tier 2 31-12-2015 300 00 300.00. No NA INE85 1A08058 Private Placement Tier 2 18-01-2016 200,00 200.00 No NA INE649A08029 Private Placement Der 2 30-12-2015 500,00 500 00 No INE649A08037 Private Placement De 2 08-02-2016 200 00 200 00 No INEO62A08231 5 Prvate Placement Tier 2 21-08-2020 8,931.00 8,931.00 No Private Placement 03-09-2020 4.000 00 40001 No INE062A08256 Private Placement Tier 2 21-09-2020 7 000.00 Doo No INE062A08264 Private Placement Tier 2 25-10-2020 5,000 5,000,00 No INE062A08272 Private Placement ATL 24-11-2020 2.500.00 2500.00 No INE062408280 10 Prvate Placement 03.09.2021 4.000 00 4ooo AtI No INE062A08298 4 Pavate Placement 18.10.2021 6,000 No INE062408306 12 Pavate Placement ATI 1412 2021 3974 00 3974 No 13 INEC62A08314 Pnvate Placement 6,872 00 0909.2022 6,872 ATI No 14 INEO62A08322 Private Placement Tier 2 23.09.2022 4000 00 4000. No 16 Private Placement No INEO62A08355 Private Placement ATI 21.02,.2023 4,544.,00 4544.00 No 18 INE062A08363 Private Placement ATI 09.03.2023 3717.00 3717.00 No 19 INE062408371 Private Placement ATI 14.07.2023 3.101.00 3101.00 No 20 INE062A08389 Private Placement LTB 01.08.2023 70,000 00 10000.00_ No Private Placement 21 INE062A08397 LTB 26.09.2023 10000 No 10,000 0Q 22 INEO62A08405 Private Placement Iier 2 10,000,00 10,000 No 23 INE062A08413 5,000, Pnvate Placement ATI 19.01.2024 5,000,00 No INE062A08421 Pnvate Placement LIB 27,06 2024", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 29, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bbf19c4724a8db86"}, {"chunk_id": "0e02c9a9a6aa2d3d", "content": "21 INE062A08397 LTB 26.09.2023 10000 No 10,000 0Q 22 INEO62A08405 Private Placement Iier 2 10,000,00 10,000 No 23 INE062A08413 5,000, Pnvate Placement ATI 19.01.2024 5,000,00 No INE062A08421 Pnvate Placement LIB 27,06 2024 10,000.00 10,000 No 24 INE062A08439 25 Private Placement LIB 14.07.2024 10,000.00 10,000 No 26 Private Placement Hier 2 29.08.2024 7500.00 No 27 INEC62A08454 Private Placement Der 2 7,500 00 7,500.00 No NA Private Placement 28 INEC62A08462 24.10.2024 5,000 00 ATI 5,000.00 No NA 29 INEO62408470 Prvate Placement Tier 2 49.14.2024 40,000.00 No NA TOTAL 1,69,557.00 0 3 MAY 2025 bank sbi yono 227 4 0S56 2 Indept@sbl co,in Financial Reporting & 8 fraccountsasilco In Taxation Department SBI 2274 0322 Corporate Cenue 2774036} Bro Floor State Rank Bhwvon TDS 27740152 2274 0185 IFRS Madama Camu Road Tnt2 NarimonPoint Humbal 400021", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 29, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bbf19c4724a8db86"}, {"chunk_id": "fc4caab778ac81b3", "content": "[OCR] DISCLOSURE_ON RELATED PARIY_TRANSACTIONS FOR IHE HALEYEAR ENDED 31-MARCH 2025 Inpursuance of Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Accounting Standard 18 As per 'Related Party Disclosures following the Bank has identified the Related Parties for the half year ended 31\" March 2025: SUBSIDIARIES i. FOREIGN BANKING SUBSIDIARIFS Commercial Indo Bank LLC, Moscow SBI Canada Bank State Bank of India (California) State Bank of India (UK) Limited SBI (Mauritius) Ltd. PT Bank SBI Indonesia Nepal SBI Bank Lld. ii. DOMESTIC NON-BANKING SUBSIDIARIES SBI Life Insurance Company Ltd. SBI General Insurance Company Ltd. SBI Cards & Payment Services Ltd SBI Funds Management Ltd. SBI Mutual Fund Trustee Company Pvt Ltd . SBI Ventures Ltd. (Formerly known as SBICAP Ventures Ltd ) SBI Capital Markets Ltd. Company Ltd SBICAP Trustee SBICAP Securities Ltd; SBI Factors Ltd. (Formerly known as SBI Global Factors Ltd.) 10 SBI SC Global Securities Services Pvt Ltd 1 SB] DFHI Ltd, 12 SBI Pension Funds Pvt Ltd 13. SBI Payment Services Pvt Ltd 14 State Bank Operations Support Services Private Ltd. 15, SBI CDMDF Trustee Pvt Ltd. 16. SBI Funds International (IFSC) Limited 17. SBI Infra Management Solutions Pvt Ltd. (under liquidation) 18. 19, SBI Foundation iii FOREIGN NON-BANKING SUBSIDIARIES SBI Funds Management (International) Private Ltd . State Bank of India Servicos Limitada Nepal SBI Merchant Banking Limited B. [OINTLY CONTROLLED ENTITIES", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 33, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1b874f5391e8b7bf"}, {"chunk_id": "7a9db96a7491adc8", "content": "18. 19, SBI Foundation iii FOREIGN NON-BANKING SUBSIDIARIES SBI Funds Management (International) Private Ltd . State Bank of India Servicos Limitada Nepal SBI Merchant Banking Limited B. [OINTLY CONTROLLED ENTITIES CEdge Technologies Ltd. SBI Macquarie Infrastructure Management Pvt Ltd SBI Macquarie Infrastructure Trustee Ltd Macquarie SBI Infrastructure Management Pte. Ltd. Macquarie SBI Infrastructure Trustee Ltd Oman India Joint Investment Fund- Management Company Pvt Ltd, Company Pvt: Ltd. Oman India Joint Investment Fund Trustee Jio Payments Bank Ltd, [OCR] ASSOCIATES Regional Rural Banks Andhra Pradesh Grameena Vikas Bank Arunachal Pradesh Rural Bank Chhattisgarh Rajya Gramin Bank Ellaquai Dehati Bank Madhyanchal Gramin Bank 5. Meghalaya Rural Bank 7 Mizoram Rural Bank Nagaland Rural Bank Saurashtra Gramin Bank Utkal Grameen Bank 10 Uttarakhand Gramin Bank Jharkhand Rajya Gramin Bank 12 13 Rajasthan Marudhara Gramin Bank Telangana Grameena Bank 14 Others Bank of Bhutan Ltd, Yes Bank Ltd, Invester Capital Services (India) Pvt Ltd. Key Management Personnel of the Bank D Shri Challa Sreenivasulu Setty, Chairman Tewari, Managing   Director   (Corporate  Banking Shri Ashwini Kumar Subsidiaries) Shri Vinay M Tonse, Managing Director (Retail Business & Operations) Shri Rana Ashutosh Singh, Managing Director (Risk, Compliance Kumar SARG) Banking Shri Rama Mohan Rao Amara , Managing Director (International Technology) (from 18h December 2024) Global Markets & Transactions and Balances:", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 33, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1b874f5391e8b7bf"}, {"chunk_id": "d1bd9975de8e862e", "content": "Shri Rana Ashutosh Singh, Managing Director (Risk, Compliance Kumar SARG) Banking Shri Rama Mohan Rao Amara , Managing Director (International Technology) (from 18h December 2024) Global Markets & Transactions and Balances: As per RBL circular no. DORACC REC. No.45/21.04.018/2021-22 dated August 30, 2021 (as amended) the Accounting Standards 18 is applicable t0 all nationalized banks The making accounting standard exempts state-controlled enterprises ie  nationalized banks from any disclosures pertaining to their transactions with other related which are also state Parties controlled enterprises. Thus, nationalized banks need not disclose their transactions with the they will be required t0 disclose subsidiaries as wellas the RRBs sponsored by them. However, their transactions with other related parties. No disclosure is required in respect of related parties, which are \"State-controlled Accounting Standard (AS) 18. Further, in  terms of Enterprises\" as per paragraph 9 of paragraph 5 of AS 18, transactions in the nature of Banker-Customer relationship have not including  those   with Key Key Management Personnel and  relatives of been   disclosed Management Personnel. [OCR] Related Parties Transactions entered into during the half year ended 31s March 2025 are as follows: (in crore) Details of the party Details of the counterparty Type of related Sr Value of Value of the Remarks In case monles are due t0 (listed entity party transaction related party No. transaction either party asa result of", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 33, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1b874f5391e8b7bf"}, {"chunk_id": "aa4d4182042e073a", "content": "(in crore) Details of the party Details of the counterparty Type of related Sr Value of Value of the Remarks In case monles are due t0 (listed entity party transaction related party No. transaction either party asa result of on (subsidiary) during the approval transaction as the transaction entering into the reporting by audit approved by transaction committee period the audit Relationship of ~Closing Name Name committee Opening the counterparty balance balance with the listed (as on (as on entity or its 01.10.2024) 31.03.2025) subsidiary C-Edge Joint Venture State Bank of India Interest Expenses NA NA 5,69 6.61 7.69 Technologies Lta: C-Edge IT Support State Dank of India Joint Venture 8.07 66.39\" NA 7.08 Technologies Ltd Charges Interest Expenses Investec Capital State Bank of India Associates NA 5.20 NA 9,83 5.39 Services (India) Private Limited Investec Capital Non-fund State Bank of India Associates 101.00 NA NA 101.00 Services (India) commitments Private Limited Interest Expenses State Bank of India Macquarie SBi Joint Venture NA; NA 0.11 Infrastructure Management Pte. Ltd, State Bank of India Oman India Joint Interest Expenses Joint Venture NA; 1.53 NA Investment Fund Management Company Pvt: Ltd. Joint Venture State Bank of India Oman India Joint Interest Expenses NA NA 0.01 Investment Fund Trustee Company PvtLtd, [OCR] in crore) Detalls of the counterparty Details of the party Type of related In case monies are due to Sr Value of the Remarks Value of (listed entity party transaction related party either party as a result of No_ transaction on during [subsidiary) approval the transaction transaction a5 the entering into the by audit approved by reporting", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 33, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1b874f5391e8b7bf"}, {"chunk_id": "22468d9491e8f7d9", "content": "Sr Value of the Remarks Value of (listed entity party transaction related party either party as a result of No_ transaction on during [subsidiary) approval the transaction transaction a5 the entering into the by audit approved by reporting transaction period the audit committee closing Opening Relationship of committee Name Name the counterparty balance balance with the listed (as on (as on entity or its 01.10.2024) 31.03.2025) subsidiary Key State Bank of India Key Management Management Remuneration NA NA 0.96 Personnel Personnel State Bank of India NA Yes Bank Limited NA; 5.99 Associates Interest Income 91,04 3.10 NA 10. State Bank of India Yes Bank Lmited Associates Non-fund NA 30.54 105.51 136.05 commitments Yes Bank Limited Sale of Services Associates 11. State Bank of India NA NA 0.22 State Bank of India Sale of Services NA 2,08 Yes Bank Limited Associates NA 12, 0.01 SBI Factors Ltd, C Edge IT Support NA Joint Venture NA 13, 0.11 Jechnologies Ltd Charges Purchase of SBI Capital Markets Investec Capital Associates NA NA 54.07 113 14, Services Services (India) Limited Private Limited Borrowings SBI Cards & Payment 500.00 344.15 15. Yes Bank Lmited Associates NA NA 40.03 Services Limited Associates SBI Cards & Payment Interest Expenses Yes Bank Llmited 16 NA NA 3.46 Services Limited", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 33, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "1b874f5391e8b7bf"}, {"chunk_id": "603f9a755b311da4", "content": "[OCR] in crore) Details of the counterparty Details of the party Type of related Sr Value of the Remarks Value of In case monies are due to (listed entity party transaction related party No. either party as a result of transaction on during Isubsidiary) transaction as approval the the transaction approved by reporting entering Into the by audit committee period transaction the audit Name Name Relationship of committee Opening Closing the counterparty balance balance with the listed (as on (as on entity or its 01.10.2024) 31.03.2025) subsidiary SBI Cards & Payment Yes Bank Limited Associates Purchase of NA. 17. NA 0.16 Services Limited Services Day Liquidity 18- SBI DFHI LIMITED Yes Bank Limited Assoclates NA Intra NA 500 Cr (IDL) Facility per day for Borrowing- Raised 128 and Full Repaid working days 19 SBI DFHI LiMITED Yes Bank Limited Associates Interest Income NA NA 0.64 Yes SBI DFHI LIMITED Bank Limited Purchase of 20, Associates NA NA 0.30 0.15 Services SBI DFHI LIMITED Yes Bank Limited Profit on sale of 21 Associates NA NA 0.48 Investments c-Edge SBI Fund 22 Joint Venture NA; NA- 0.11 Technologies Ltd. Charges Management Ltd [OCR] in crore) Remarks Value of Details of the party Details of the counterparty Type of related Value of the Sr In case monies are due t0 (listed entity party transaction related party transaction either party as a result of No. on Isubsidiary) transaction a5 during the approval the transaction entering into the approved by by audit reporting transaction the audit committee period Relationship of Opening Name Name committee Closing the counterparty balance balance with the listed (as on (as on 01.10.2024) entity or Its 31.03.2025) subsidiary SBI Fund", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 37, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d2c184f7d57af1ea"}, {"chunk_id": "5ba99870dbd3f313", "content": "entering into the approved by by audit reporting transaction the audit committee period Relationship of Opening Name Name committee Closing the counterparty balance balance with the listed (as on (as on 01.10.2024) entity or Its 31.03.2025) subsidiary SBI Fund Yes Bank Limited Purchase of 23. Associates NA NA; 0,02 Management Ltd Services IT Support C-Edge 1,35 24 SBI General Joint Venture NA NA 0.83 0.90 Charges Technologies Ltd; Insurance Co. Ltd Investec Capital 0.10 25 SBI General Associates Purchase of NA NA Services (India) Insurance Co. Ltd Services Private Limited Purchase of SBI General Associates 26. Yes Bank Llmited 0.02 NA; NA; 0.04 Services Insurance Co.Ltd Other Expenses 0.01 27, SBI General Yes Bank Limited Associates NA NA; 0.01 0,01 Insurance Co.Ltd Sale of Services NA 28. SBI General Yes Bank Limited Associates NA; 127 Insurance Co. Ltd \"Support SBI Life Insurance C-Edge Joint Venture 29. 0.03 NA NA; 0.05 0.07 Technologies Ltd. Charges Company Limited [OCR] in crore) Details of the counterparty Details of the party Type of related Value of Sr Value of the Remarks In case monles are due to (listed entity No. party transaction related party transaction either party as a result of on Isubsidiary) during the transaction as approval the transaction entering into the approved by by audit reporting period the audit committee transaction committee Name Relationship of closing Name Opening the counterparty balance balance with the listed (as on (as on 01.10.2024) entity or its 31.03.2025) subsidiary Associates NA 30. SBI Life Insurance Yes Bank Limited Interest Income NA 177 2.64 Company Limited SBI Llfe Insurance Purchase of 31 Yes Bank Limited Associates NA NA 0.41 0.05 0.07", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 37, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d2c184f7d57af1ea"}, {"chunk_id": "6c14b2876158cd8e", "content": "(as on (as on 01.10.2024) entity or its 31.03.2025) subsidiary Associates NA 30. SBI Life Insurance Yes Bank Limited Interest Income NA 177 2.64 Company Limited SBI Llfe Insurance Purchase of 31 Yes Bank Limited Associates NA NA 0.41 0.05 0.07 Company Limited Services SBI Life Insurance Profit / (Loss) on 0.93 32 Yes Bank Limited Associates NA NA Company Limited Sale of Investments Macquarie SBI Sale of Services 33. SBI SG Global Joint Venture NA; NA 0.04 0.04 Securities Services Infrastructure Trustee Ltd, Private Limited SBI SG Global Oman India Joint Joint Venture 34 Sale of Services NA NA 0.05 0.06 Securities Services Investment Fund Private Limited Management Company Pvt. Ltd SBI Macquarie Joint Venture Sale of Services 35. SBI SG Global NA NA 0.04 0.05 Securities Services Infrastructure Pvt: Private Limited Trustee Ltd. 15,70 crore for the period 02.06.2022 to 01.06.2025 & $ 50.69 crore for the period 10.04.2024 to 09.04.2025_ [OCR] The Clearing Corporation of India Limited (CCIL) is no longer an associate and IS considered as an associate only up to 08.08.2024 due t0 disinvestment of 2% stake in the company- Notes: As per the Annex t0 SEBI circular SEBI/HO/CFD/CMDI/ CIR/P/2021/662 dated November 22,2021,listed banks shall not be required t0 provide the disclosures with respect to related party transactions involving loans, inter- corporate deposits, advances, or investments made or given by the listed banks.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 37, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d2c184f7d57af1ea"}, {"chunk_id": "2c9400ecc254f7a1", "content": "with respect to related party transactions involving loans, inter- corporate deposits, advances, or investments made or given by the listed banks. As per RBI circular RBI/DBR/2015-16/19 dated March 03,2016,has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposit of bank's staff as well as on deposits of Chairman and Managing Directors", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 37, "section": "Introduction", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d2c184f7d57af1ea"}, {"chunk_id": "21be613768a20f77", "content": "6) We along with 11 other firms of Statutdry Central Auditors of the bank have carried out audit of the financial results of the bank for the quarter and year ended on March 31,2025. The said audit has been conducted in accordance with the Standard on Auditing (SA-200), \" Overall objective of independent auditor and the conduct of an audit in accordance with Standards on Auditing\" lssued by The lnstitute of Accountants of lndia.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 38, "section": "6) We along with 11 other firms of Statutdry Central Auditors of the bank have carried out audit of the\nfinancial results of the bank for the quarter and year ended on March 31,2025. The said audit has been\nconducted in accordance with the Standard on Auditing (SA-200), \" Overall objective of independent\nauditor and the conduct of an audit in accordance with Standards on Auditing\" lssued by The lnstitute of\nAccountants of lndia.", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "bbe7092d9a13decf"}, {"chunk_id": "530bcd008f61bd56", "content": "Auditor's Respons ibility 5) lt is our responsibility to issue a certificate, in respect of Security Cover and Compliance of All Covenants of the listed unsecured debts issued by the Bank as on March 31,2025, that the details given in Annexure I are correct and accurate, taking into account information available from the books of accounts maintained and other information and explanation provided to us by the management of the Bank.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 38, "section": "Auditor's Respons ibility\n5) lt is our responsibility to issue a certificate, in respect of Security Cover and Compliance of All Covenants\nof the listed unsecured debts issued by the Bank as on March 31,2025, that the details given in Annexure\nI are correct and accurate, taking into account information available from the books of accounts\nmaintained and other information and explanation provided to us by the management of the Bank.", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4bca22f9251e3a76"}, {"chunk_id": "886266b5813933c0", "content": "Management Responsibility 4) The implementation and usage of fund received, creating security Cover and being compliant of covenants of the debt borrowings in line with agreed terms with the lender and preparation, accuracy and completeness of the details mentioned in the attached Annexure I is the responsibility of the Management of the Bank including the preparation and maintenance of all accounting records and other relevant supporting documents. This responsibility also includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the details given in the Annexure I and applying an appropriate basis of preparation; and making estimates that are reasonable in the circumstances.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 38, "section": "Management Responsibility\n4) The implementation and usage of fund received, creating security Cover and being compliant of\ncovenants of the debt borrowings in line with agreed terms with the lender and preparation, accuracy\nand completeness of the details mentioned in the attached Annexure I is the responsibility of the\nManagement of the Bank including the preparation and maintenance of all accounting records and other\nrelevant supporting documents. This responsibility also includes the design, implementation and\nmaintenance of internal control relevant to the preparation and presentation of the details given in the\nAnnexure I and applying an appropriate basis of preparation; and making estimates that are reasonable\nin the circumstances.", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "62ce1d9bb3182149"}, {"chunk_id": "7671076cc305a47b", "content": "Introduction 3) Securities and Exchange Board of lndia (SEBI) vide its circular no. SEBI/HO/MIRSD /MIRSD_CRADT/CIR/ Pl 2022167 dated May 19, 2022 has prescribed for issue of Security Cover Certificate on the information given by bank management in Annexure I ('Statement) by the statutory auditor of the bank to its debenture trustee in respect of listed unsecured debt securities of the entity as per the requirements of Regulalion 54(2)l(3) read with Regulation 56(1)(d) of Listing Obligations and Disclosure Requirements Regulation, 2015 and amendments thereto ('LODR Regulations') in the format Annexure l, which we have initialled for identification purpose only.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 38, "section": "Introduction\n3) Securities and Exchange Board of lndia (SEBI) vide its circular no. SEBI/HO/MIRSD\n/MIRSD_CRADT/CIR/ Pl 2022167 dated May 19, 2022 has prescribed for issue of Security Cover\nCertificate on the information given by bank management in Annexure I ('Statement) by the statutory\nauditor of the bank to its debenture trustee in respect of listed unsecured debt securities of the entity as\nper the requirements of Regulalion 54(2)l(3) read with Regulation 56(1)(d) of Listing Obligations and\nDisclosure Requirements Regulation, 2015 and amendments thereto ('LODR Regulations') in the format\nAnnexure l, which we have initialled for identification purpose only.", "subsection": "", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "d453cd37426e9178"}, {"chunk_id": "dc114b423984cf70", "content": "1) This Certificate is issued in accordance with the terms of our appointment letter dated March 30, 2025. Re.: Ceftificate for Security Goverage and Compliance of All Covenants in respect of Listed Unsecured Non-Convertible Debt Securities of State Bank of lndia as on March 31,2025 BSE Ltd I National Stock Exchange of lndia Ltd/Debenture Trustee(s) Further, the management is also responsible for ensuring that the Bank complies with the related requirements of the Securities Exchange Board of lndia (SEBI) and Reserve Bank of lndia (RBl), as applicable in this regard. 505-4, Sth Floor, Rectangle '1, District Centre, Saket, New Delhi - 110 017 Phone '. +91-11-40548860-62, ravirajan@sravigroup,com, raviralan.co@gmail.com Web, :www. ravirajan.co in (Ravi Ralan & Co. LLP is a Limited Liability Partnership with LLP identity No. AAP-3", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 38, "section": "1) This Certificate is issued in accordance with the terms of our appointment letter dated March 30, 2025.", "subsection": "Further, the management is also responsible for ensuring that the Bank complies with the related\nrequirements of the Securities Exchange Board of lndia (SEBI) and Reserve Bank of lndia (RBl), as\napplicable in this regard.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "42fd333d52deac94"}, {"chunk_id": "65584db6f09bc845", "content": "UDI N: 255125558M NPTO7963 Place: Mumbai Date: 03-May-25 CA Sumit Kumar Partner M No: 512555 For Ravi Rajan & co LLP Chartered Accountants FRN 009073N/N500320 12) The certificate has been issued at the request of the Bank. lt is intended solely for the consumption of the addressee and is not to be used for any other purpose or to be distributed to any other parties. Accordingly, we do not accept or assume any liability or any duty of care for any other purpose or to any other party to whom it is shown or into whose hands it may come without our prior consent in writing. 11) Based on the work performed as mentioned above, and according to the information, explanations, representations given to us read with assumptions and limitations above. a) We certify that the details stated in the Annexure I are correct and accurate. b) We have examined the compliances made by the Bank in respect of all covenants of the listed unsecured non-convertible debt securities and certify that all covenants have been complied by the Bank as of March 31,2025.", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 39, "section": "Rovi Ro on & Co. LLP", "subsection": "Further, the management is also responsible for ensuring that the Bank complies with the related\nrequirements of the Securities Exchange Board of lndia (SEBI) and Reserve Bank of lndia (RBl), as\napplicable in this regard.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7cd9f8db7ef382ba"}, {"chunk_id": "97cfdba8bf0c79c1", "content": "Procedures, Assumptions and Limitations 9) We have, a) Obtained and read on test check basis, the lnformation memorandum in respect of Unsecured Debt Securities. b) Traced and agreed the principal amount of the debt securities outstanding as of March 31 , 2025, to the financial results. c) Since the debt securities issued are unsecured, there is no security cover required as of March 31, 2025. 10) The compliances of All Covenants of the listed unsecured debt securities as presented to us by the management of the Bank is co-related with the underlying documents produced before us and no audit of the same was performed for the purpose of this certificate. We have complied with the relevant applicable requirements of the Standard on Quality Control (SOC) 1, Quality Control for Firms that Perform Audits and Reviews of Historical Financial information, and OtherAssurance and Related Services Engagement. lndia (lCAl), in so far as applicable for the purpose of this certificate. This Guidance Note requires that we comply with the ethical requirements of the Code of Ethics issued by the lCAl. c colurnn F Column G Column H Column t Column K Column L Column M Colurnn N ParF Assets not Elimination (amount in negative) Carrying /book value for exclusive charge assets where market value is not ascertainable or applicable {For Eg. Bank Balanc€, DSRA market value is not applicable) Market Value for Pari passu charge As5615viti Salance, DSRA rnarket value is not applicable) Relating to Column F Book Value", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 40, "section": "Procedures, Assumptions and Limitations\n9) We have,\na) Obtained and read on test check basis, the lnformation memorandum in respect of Unsecured Debt\nSecurities.\nb) Traced and agreed the principal amount of the debt securities outstanding as of March 31 , 2025, to\nthe financial results.\nc) Since the debt securities issued are unsecured, there is no security cover required as of March 31,\n2025.\n10) The compliances of All Covenants of the listed unsecured debt securities as presented to us by the\nmanagement of the Bank is co-related with the underlying documents produced before us and no audit\nof the same was performed for the purpose of this certificate.", "subsection": "Further, the management is also responsible for ensuring that the Bank complies with the related\nrequirements of the Securities Exchange Board of lndia (SEBI) and Reserve Bank of lndia (RBl), as\napplicable in this regard.", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7f9ef8bfd8e2c075"}, {"chunk_id": "20cf5bbcd209f022", "content": "[TABLE] Company: SBI | Year: FY2025 | Section: Rovi Ro on & Co. LLP | Page: 38\n\n|  | Rovi Ro | on & | Co. L | LP |  |  |  |\n|---|---|---|---|---|---|---|---|\n|  | riere Chcr | d Acc | ou nton | ts |  |  |  |\n| To, |  |  |  |  |  |  |  |\n| BS | E Ltd I National Stock E | xchange of | lndia Ltd/Deb | enture Truste | e(s) |  |  |\n| Ma | dam/ Sir, |  |  |  |  |  |  |\n| Re. | : Ceftificate for Securi | ty Goverag | e and Comp | liance of All | Covenants i | n respect of List | ed |\n|  | Unsecured Non-Con | vertible De | bt Securities | of State Ban | k of lndia as | on March 31,20 | 25 |\n| 1) | This Certificate is issue | d in accord | ance with the | terms of our | appointment | letter dated Marc | h 30, 2025. |\n| 2) | We, Ravi Rajan & Co | LLP (Firm's | Registration | Number 00907 | 3N/N500320 | ), are one of the | Joint Central |\n|  | Statutory Auditor of Sta | te Bank of | lndia ('the B | ank) for the p | eriod ending | March 31,2025. |  |\n| Intr | oduction |  |  |  |  |  |  |\n| 3) | Securities and Exc | hange Bo | ard of lnd | ia (SEBI) v | ide its cir | cular no. SEBI | /HO/MIRSD |\n|  | /MIRSD_CRADT/CIR/ | Pl 2022167 | dated May | 19, 2022 ha | s prescribed | for issue of Se | curity Cover |\n|  | Certificate on the infor | mation give | n by bank m | anagement in | Annexure I | ('Statement) by | the statutory |\n|  | auditor of the bank to it | s debenture | trustee in re | spect of listed | unsecured d | ebt securities of | the entity as |\n|  | per the requirements o | f Regulalio | n 54(2)l(3) r | ead with Reg | ulation 56(1)( | d) of Listing Obl | igations and |\n|  | Disclosure Requiremen | ts Regulatio | n, 2015 and | amendments | thereto ('LOD | R Regulations') | in the format |\n|  | Annexure l, which we h | ave initialle | d for identific | ation purpose | only. |  |  |\n| Ma | nagement Responsibili | ty |  |  |  |  |  |\n| 4) | The implementation a | nd usage | of fund recei | ved, creating | security Co | ver and being | compliant of |\n|  | covenants of the debt | borrowings | in line with a | greed terms | with the lend | er and preparati | on, accuracy |\n|  | and completeness of | the details | mentioned i | n the attache | d Annexure | I is the respons | ibility of the |\n|  | Management of the Ba | nk including | the preparati | on and maint | enance of all | accounting recor | ds and other |\n|  | relevant supporting d | ocuments. | This respons | ibility also in | cludes the | design, impleme | ntation and |\n|  | maintenance of interna Annexure and applyin | l control rel g an approp | evant to the riate | preparation a preparation; | nd presentati | on of the details are | given in the reasonable |\n|  | I in the circumstances. |  | basis of |  | and making | estimates that |  |\n|  | Further, the managem | ent is also | responsible | for ensuring | that the Ba | nk complies with | the related |\n|  | requirements of the Se | curities Ex | change Boar | d of lndia (SE | BI) and Res | erve Bank of ln | dia (RBl), as |\n|  | applicable in this regard | . |  |  |  |  |  |\n| Aud | itor's Respons ibility |  |  |  |  |  |  |\n| 5) | lt is our responsibility to | issue a cert | ificate, in res | pect of Securi | ty Cover and | Compliance of A | ll Covenants |\n|  | of the listed unsecured | debts issued | by the Bank | as on March | 31,2025, that | the details given | in Annexure |\n|  | I are correct and acc | urate, takin | g into acco | unt informatio | n available f | rom the books | of accounts |\n|  | maintained and other in | formation a | nd explanatio | n provided to | us by the m | anagement of th | e Bank. |\n| 6) | We along with 11 othe | r firms of S | tatutdry Cen | tral Auditors | of the bank | have carried out | audit of the |\n|  | financial results of the b | ank for the | quarter and y | ear ended on | March 31,2 | 025. The said au | dit has been |\n|  | conducted in accordan | ce with the | Standard on | Auditing (SA | -200), \" Ove | rall objective of | independent |\n|  | auditor and the conduct | of an audit | in accordanc | e with Standa | rds on Auditi | ng\" lssued by Th | e lnstitute of |\n|  | Accountants of lndia. |  |  |  |  |  |  |\n| 7) | We conducted our wor | k in accord | ance with the | Guidance N | ote on Repo | rts or Certificate | s for |\n|  | Purposes (Revised 201 | 6) and Stan | dards on Aud | iting issued b | y the institute | of Chartered |  |\n|  | 505-4, S | th Floor, Rec | tangle '1, Distr | ict Centre, Sak | et, New Delhi | - 110 017 |  |\n|  | Phone '. +91- | 11-4054886 | 0-62, ravirajan | @sravigroup,co | m, raviralan.c | o@gmail.com |  |\n|  |  |  | Web, :www. | ravirajan.co in |  |  |  |", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 38, "section": "Rovi Ro on & Co. LLP", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "08209c00cf5a8cdf", "content": "[TABLE] Company: SBI | Year: FY2025 | Section: Procedures, Assumptions and Limitations\n9) We have,\na) Obtained and read on test check basis, the lnformation memorandum in respect of Unsecured Debt\nSecurities.\nb) Traced and agreed the principal amount of the debt securities outstanding as of March 31 , 2025, to\nthe financial results.\nc) Since the debt securities issued are unsecured, there is no security cover required as of March 31,\n2025.\n10) The compliances of All Covenants of the listed unsecured debt securities as presented to us by the\nmanagement of the Bank is co-related with the underlying documents produced before us and no audit\nof the same was performed for the purpose of this certificate. | Page: 39\n\n|  | ln | dia (lCAl), in so far | as applicable | for the | purp | ose of this | certificate. This Guid | ance Note | requi | res that |\n|---|---|---|---|---|---|---|---|---|---|---|\n|  | w | e comply with the et | hical requirem | ents of | the | Code of Eth | ics issued by the lC | Al. |  |  |\n| 8) | W | e have complied wi | th the relevant | applica | ble | requiremen | ts of the Standard o | n Quality C | ontro | l (SOC) |\n|  | 1 | , Quality Control for | Firms that P | erform A | udi | ts and Revi | ews of Historical Fi | nancial info | rmati | on, and |\n|  | O | therAssurance and | Related Servi | ces Eng | age | ment. |  |  |  |  |\n| Pro | ce | dures, Assumption | s and Limita | tions |  |  |  |  |  |  |\n| 9) | W | e have, |  |  |  |  |  |  |  |  |\n|  | a | ) Obtained and read | on test check | basis, t | he | lnformation | memorandum in res | pect of Uns | ecur | ed Debt |\n|  |  | Securities. |  |  |  |  |  |  |  |  |\n|  | b | ) Traced and agreed | the principal | amount | of t | he debt sec | urities outstanding a | s of March | 31 , | 2025, to |\n|  |  | the financial results | . |  |  |  |  |  |  |  |\n|  | c) | Since the debt sec | urities issued | are uns | ecu | red, there is | no security cover r | equired as | of Ma | rch 31, |\n|  |  | 2025. |  |  |  |  |  |  |  |  |\n| 10) | T | he compliances of A | ll Covenants | of the l | iste | d unsecured | debt securities as | presented | to us | by the |\n|  | m | anagement of the B | ank is co-relat | ed with | the | underlying | documents produced | before us | and | no audit |\n|  | of | the same was perfo | rmed for the | purpose | of t | his certificat | e. |  |  |  |\n| Con | cl | usion |  |  |  |  |  |  |  |  |\n| 11) | B | ased on the work p | erformed as | mention | ed | above, and | according to the inf | ormation, e | xplan | ations, |\n|  | re | presentations given | to us read wit | h assum | ptio | ns and limit | ations above. |  |  |  |\n|  | a) | We certify that the | details stated | in the A | nne | xure I are co | rrect and accurate. |  |  |  |\n|  | b) | We have examine | d the complia | nces m | ade | by the Ba | nk in respect of all | covenants | of th | e listed |\n|  |  | unsecured non-con | vertible debt | securitie | s a | nd certify th | at all covenants hav | e been com | plied | by the |\n|  |  | Bank as of March 3 | 1,2025. |  |  |  |  |  |  |  |\n| Res | tri | ction on Use |  |  |  |  |  |  |  |  |\n| 12) | Th | e certificate has be | en issued at t | he requ | est | of the Bank. | lt is intended solely | for the co | nsum | ption of |\n|  | th | e addressee and is | not to be us | ed for a | ny | other purpo | se or to be distribut | ed to any o | ther | parties. |\n|  | Ac | cordingly, we do not | accept or ass | ume an | y li | ability or any | duty of care for any | other purpo | se o | r to any |\n|  | ot | her party to whom it | is shown or in | to whos | e h | ands it may | come without our pr | ior consent | in wr | iting. |\n| For | Ra | vi Rajan & co LLP |  |  |  |  |  |  |  |  |\n| Char | te | red Accountants |  |  |  |  |  |  |  |  |\n| FRN | 0 | 09073N/N500320 |  |  |  |  |  |  |  |  |\n| CA S | u | mit Kumar |  |  |  |  |  |  |  |  |\n| Part | ne | r |  |  |  |  |  |  |  |  |\n| M N | o: | 512555 |  |  |  |  |  |  |  |  |\n| UDI | N: | 255125558M NPTO | 7963 |  |  |  |  |  |  |  |\n| Plac | e: | Mumbai |  |  |  |  |  |  |  |  |", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 39, "section": "Procedures, Assumptions and Limitations\n9) We have,\na) Obtained and read on test check basis, the lnformation memorandum in respect of Unsecured Debt\nSecurities.\nb) Traced and agreed the principal amount of the debt securities outstanding as of March 31 , 2025, to\nthe financial results.\nc) Since the debt securities issued are unsecured, there is no security cover required as of March 31,\n2025.\n10) The compliances of All Covenants of the listed unsecured debt securities as presented to us by the\nmanagement of the Bank is co-related with the underlying documents produced before us and no audit\nof the same was performed for the purpose of this certificate.", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "37f5fcb9450ab3a8", "content": "[TABLE] Company: SBI | Year: FY2025 | Section: Goodwill\nNIL | Page: 40\n\n|  | Column H | Column Column K t | Column | L | Column M |  | Colurn |\n|---|---|---|---|---|---|---|---|\n|  | ParF Assets not | Elimination | to | only those | items |  |  |\n|  |  | (amount in |  |  |  |  |  |\n|  |  | negative) |  |  |  |  |  |\n|  |  | Ca | rrying /b value | ook |  |  |  |\n|  | there is | for ex as | clusive sets whe | charge re M | arket Value |  |  |\n|  | Other Secured | mark asc appli Bank | et value ertainabl cable {F Balanc€, | is not fo e or cha or Eg. DSRA | r Pari passu rge As5615viti |  |  |\n|  | Debt | mark a | et value pplicable | is not ) |  |  | Salance, rnarket v |\n|  |  |  |  |  |  |  | not appl |\n|  |  |  |  |  | Relating | to C | olumn F |\n| Book Value ASSETS | Book Value |  |  |  |  |  |  |\n| Property, Plant and Eo uioment |  |  |  |  |  | I |  |\n| Capital Work- |  |  |  |  |  | l |  |\n| in-Progress |  |  |  |  |  |  |  |\n| Right of Use Assets |  | NIL |  |  |  |  |  |\n| Goodwill lntang jble Assets |  |  |  |  |  |  |  |\n| lntangible Assets under Development lnvestments |  |  |  |  |  |  |  |", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 40, "section": "Goodwill\nNIL", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "df67cef77f650016", "content": "[TABLE] Company: SBI | Year: FY2025 | Section: Others\n,1\n\\ | Page: 41\n\n| ns |\n|---|\n| lnventories |\n| Receivables |\n| Equivalents anc other n |\n| and Cash Equivalents |\n| Others |\n| Total |\n| UABtUTt |\n| Debt securit |\n| which this |\n| certificate |\n| pertains |\n| Other debt |\n| sharing pari- |\n| charge with |\n| debt |\n| Other Debt |\n| Borrowings |\n| Bank Securiti |", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 41, "section": "Others\n,1\n\\", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "1f1eae4ff03674ea", "content": "[TABLE] Company: SBI | Year: FY2025 | Section: Others\nNIL | Page: 42\n\n| Lease Liobilities |  |  |\n|---|---|---|\n| Provisions |  | NIL |\n| Others Total |  |  |\n|  | EXCTU- |  |\n|  | sive Secur -ity | Pari-Passu Security Cover |\n|  | Cover Ratio | Ratio |\n|  |  | gEHI |\n|  |  | I |\n|  |  | $ |", "company": "SBI", "ticker": "SBIN", "source_file": "SBI-2.pdf", "fiscal_year": "FY2025", "page_number": 42, "section": "Others\nNIL", "subsection": "", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "aaf5cffe9a5dfb61", "content": "TCS/BM/65/SE/2025-26 July 10, 2025 National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G,                                            P. J. Towers, Bandra Kurla Complex, Bandra (East) Dalal Street, Mumbai - 400051 Mumbai - 400001 Symbol - TCS Scrip Code No. 532540 Dear Sirs, Sub: Financial Results for the quarter ended June 30, 2025, and declaration of Interim Dividend We enclose the audited standalone financial results of the Company and audited consolidated financial results of the Company and its subsidiaries for the quarter ended June 30, 2025, under Ind AS, which have been approved and taken on record at a meeting of the Board of Directors of the Company held today. We would like to inform you that at the Board Meeting held today, the Directors have declared an interim dividend of INR 11 per Equity Share of INR 1 each of the Company. The interim dividend shall be paid on Monday, August 4, 2025, to the equity shareholders of the Company whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Wednesday, July 16, 2025, which is the Record Date, fixed for the purpose. The above information is also available on the website of the Company www.tcs.com Thanking you, Yours faithfully, For Tata Consultancy Services Limited Yashaswin Sheth Company Secretary ACS 15388 cc: 1. National Securities Depository Limited 2. Central Depository Services (India) Limited 3.", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 1, "section": "Introduction", "subsection": "Yours faithfully, \nFor Tata Consultancy Services Limited  \n \n \n \n \nYashaswin Sheth \nCompany Secretary \nACS 15388 \n \ncc: \n1. National Securities Depository Limited \n2. Central Depository Services (India) Limited \n3. MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b5a2dd49a1f45f49"}, {"chunk_id": "99508a7cb86caaf1", "content": "Thanking you, Yours faithfully, For Tata Consultancy Services Limited Yashaswin Sheth Company Secretary ACS 15388 cc: 1. National Securities Depository Limited 2. Central Depository Services (India) Limited 3. MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited) Tel 91 22 6778 9595 Fax 91 22 6630 3672 e-mail corporate.office@tcs.com website www.tcs.com Corporate Identity No. (CIN): L22210MH1995PLC084781 Registered Office 9th Floor Nirmal Building Nariman Point Mumbai 400 021", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 1, "section": "Introduction", "subsection": "Yours faithfully, \nFor Tata Consultancy Services Limited  \n \n \n \n \nYashaswin Sheth \nCompany Secretary \nACS 15388 \n \ncc: \n1. National Securities Depository Limited \n2. Central Depository Services (India) Limited \n3. MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b5a2dd49a1f45f49"}, {"chunk_id": "f0aed23560c44de7", "content": "’ Independent Auditors Report To the Board of Directors of Tata Consultancy Services Limited Report on the audit of the Consolidated Financial Results We have audited the accompanying Statement of Consolidated Financial Results of Tata Consultancy Services Limited (“Holding Company”) and its subsidiaries (Holding Company and its subsidiaries together referred to as “the Group”), for the quarter ended 30 June 2025, (“the Statement”), being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (\"Listing Regulations\"). In our opinion and to the best of our information and according to the explanations given to us, the Statement: a. includes the results of the entities mentioned in Annexure I; b. is presented in accordance with the requirements of Regulation 33 of the Listing Regulations as amended; and c. gives a true and fair view in conformity with the applicable accounting standards, and other accounting principles generally accepted in India, of consolidated total comprehensive income (comprising of net profit and other comprehensive income) and other financial information of the Group for the quarter ended 30 June 2025 We conducted our audit in accordance with the Standards on Auditing (“SAs”) specified under section 143(10) of the Companies Act, 2013 (“the Act”).", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Consolidated Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "57afa6c5b24ebf38"}, {"chunk_id": "b5ae9d9e95c0e9e2", "content": "ended 30 June 2025 We conducted our audit in accordance with the Standards on Auditing (“SAs”) specified under section 143(10) of the Companies Act, 2013 (“the Act”). Our responsibilities under those SAs are further described in the Auditor’s Responsibilities for the Audit of the Consolidated Financial Results section of our report. We are independent of the Group in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act, and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained, is sufficient and appropriate to provide a basis for our opinion on the consolidated financial results. Management’s and Board of Directors’/Trustees' Responsibilities for the Consolidated Financial Results These quarterly consolidated financial results have been prepared on the basis of the consolidated interim financial statements. The Holding Company’s Management and the Board of Directors are responsible for the preparation and presentation of these consolidated financial results that give a true and fair view of the consolidated net profit/ loss and other comprehensive income and other financial information of the Group in accordance", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Consolidated Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "57afa6c5b24ebf38"}, {"chunk_id": "c757792aec7cf651", "content": "profit/ loss and other comprehensive income and other financial information of the Group in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, ‘Interim Financial Reporting’ prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Management and Board of Directors/Trustees of the companies/entities included in the Group are responsible for maintenance of adequate accounting records B S R & Co. (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP (a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013 14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063 in accordance with the provisions of the Act for safeguarding of the assets of each company/entity and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Consolidated Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "57afa6c5b24ebf38"}, {"chunk_id": "ed9834990cd2c5f0", "content": "implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the consolidated financial results by the Management and the Board of Directors of the Holding Company, as aforesaid. In preparing the consolidated financial results, the respective Management and the Board of Directors/Trustees of the companies/entities included in the Group are responsible for assessing the ability of each company/entity to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors/Trustees either intends to liquidate the company/entity or to cease operations, or has no realistic alternative but to do so. The respective Board of Directors/Trustees of the companies/entities included in the Group is responsible for overseeing the financial reporting process of each company/entity. Auditor’s Responsibilities for the Audit of the Consolidated Financial Results Our objectives are to obtain reasonable assurance about whether the consolidated financial results as a", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Consolidated Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "57afa6c5b24ebf38"}, {"chunk_id": "d52d164b77a12b7b", "content": "Auditor’s Responsibilities for the Audit of the Consolidated Financial Results Our objectives are to obtain reasonable assurance about whether the consolidated financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial results. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: – Identify and assess the risks of material misstatement of the consolidated financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. –", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Consolidated Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "57afa6c5b24ebf38"}, {"chunk_id": "15576511771f8a3e", "content": "involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. – Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group’s internal control. – Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the consolidated financial results made by the Management and Board of Directors.", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Consolidated Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "57afa6c5b24ebf38"}, {"chunk_id": "c5a295b72a86ffc5", "content": "– Conclude on the appropriateness of the Management’s and Board of Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the appropriateness of this assumption. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the consolidated financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Group to cease to continue as a going concern. – Evaluate the overall presentation, structure and content of the consolidated financial results, including the disclosures, and whether the consolidated financial results represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance of the Holding Company and such other entities included in the consolidated financial results of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "’\nIndependent Auditors Report", "subsection": "ANIRUDDHA \nSHREEKANT \nGODBOLE", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "484f981977843a36"}, {"chunk_id": "29146ddb80605b91", "content": "other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable. Attention is drawn to the fact that the figures for the 3 months ended 31 March 2025 as reported in these consolidated financial results are the balancing figures between audited figures in respect of the full previous financial year and the published audited year to date figures up to the third quarter of the previous financial year. Chartered Accountants Firm’s Registration No.:101248W/W-100022 ANIRUDDHA SHREEKANT GODBOLE Digitally signed by ANIRUDDHA SHREEKANT GODBOLE Date: 2025.07.10 15:13:53 +05'30' Mumbai Membership No.: 105149 10 July 2025 UDIN:25105149BMLWZI8281 The consolidated financial results include financial results of the Holding Company and the following entities: Sr. No Name of component Relationship 1 APTOnline Limited Subsidiary 2 C-Edge Technologies Limited Subsidiary 3", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "’\nIndependent Auditors Report", "subsection": "ANIRUDDHA \nSHREEKANT \nGODBOLE", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "484f981977843a36"}, {"chunk_id": "a6204454f2d3cf47", "content": "entities: Sr. No Name of component Relationship 1 APTOnline Limited Subsidiary 2 C-Edge Technologies Limited Subsidiary 3 Diligenta Limited Subsidiary 4 MahaOnline Limited Subsidiary 5 MP Online Limited Subsidiary 6 Tata America International Corporation Subsidiary 7 Tata Consultancy Services (Africa) (Proprietary) Ltd. Subsidiary 8 Tata Consultancy Services Asia Pacific Pte Ltd. Subsidiary 9 Tata Consultancy Services Belgium Subsidiary 10 Tata Consultancy Services Canada Inc. Subsidiary 11 Tata Consultancy Services Deutschland GmbH Subsidiary 12 Tata Consultancy Services Netherlands B.V. Subsidiary 13 Tata Consultancy Services Qatar Subsidiary 14 Tata Consultancy Services Sverige Aktiebolag Subsidiary 15 TCS e-Serve International Limited Subsidiary 16 TCS FNS Pty Limited Subsidiary 17 TCS Iberoamerica SA Subsidiary 18 PT Tata Consultancy Services Indonesia, PT Subsidiary 19 Tata Consultancy Services (China) Co., Ltd. Subsidiary 20 Tata Consultancy Services (Philippines) Inc. Subsidiary 21 Tata Consultancy Services (Thailand) Limited Subsidiary 22 MGDC S.C. Subsidiary 23 Tata Consultancy Services Argentina S.A. Subsidiary 24 Tata Consultancy Services De Mexico, S.A. De C.V. Subsidiary 25 Tata Consultancy Services Do Brasil Ltda. Subsidiary 26 TCS Inversiones Chile Limitada Subsidiary Sr. No Name of component Relationship 27 Tata Consultancy Services France Subsidiary 28 TCS Uruguay S.A. Subsidiary 29 TCS Solution Center S.A. Subsidiary 30 Tata Consultancy Services De Espana S.A. Subsidiary 31", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "’\nIndependent Auditors Report", "subsection": "ANIRUDDHA \nSHREEKANT \nGODBOLE", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "484f981977843a36"}, {"chunk_id": "648d2859ba9ff3c5", "content": "Sr. No Name of component Relationship 27 Tata Consultancy Services France Subsidiary 28 TCS Uruguay S.A. Subsidiary 29 TCS Solution Center S.A. Subsidiary 30 Tata Consultancy Services De Espana S.A. Subsidiary 31 Tata Consultancy Services Luxembourg S.A. Subsidiary 32 Tata Consultancy Services Osterreich GmbH Subsidiary 33 Tata Consultancy Services Saudi Arabia Subsidiary 34 Tata Consultancy Services Switzerland Ltd Subsidiary 35 TCS Business Services GmbH Subsidiary 36 Tata Consultancy Services Ireland Limited Subsidiary 37 TCS Technology Solutions GmbH Subsidiary 38 Tata Consultancy Services Bulgaria EOOD Subsidiary 39 Tata Consultancy Services Guatemala, S.A. Subsidiary 40 Tata Consultancy Services UK Limited Subsidiary 41 Diligenta (Europe) B.V. Subsidiary 42 TCS Foundation Subsidiary 43 Tata Consultancy Services Japan, Ltd. Subsidiary 44 Tata Consultancy Services Malaysia Sdn. Bhd. Subsidiary 45 Tata Consultancy Services Italia S.R.L. Subsidiary 46 Tata Consultancy Services (South Africa) (Proprietary) Ltd. Subsidiary 47 Tata Consultancy Services Chile S.A. Subsidiary 48 Tatasolution Center S.A. Subsidiary 49 Tata Consultancy Services (Portugal), Unipessoal Lda Subsidiary 50 TCS Financial Solutions Australia Pty Limited Subsidiary 51 TCS Financial Solutions Beijing Co., Ltd. (Merged with Tata Consultancy Services (China) Co., Ltd. w.e.f. 01 July 2024) 52 TRIL Bengaluru Real Estate Five Limited (Acquired w.e.f 29 January 2025) 53", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "’\nIndependent Auditors Report", "subsection": "ANIRUDDHA \nSHREEKANT \nGODBOLE", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "484f981977843a36"}, {"chunk_id": "262f1e78b3970739", "content": "Subsidiary 51 TCS Financial Solutions Beijing Co., Ltd. (Merged with Tata Consultancy Services (China) Co., Ltd. w.e.f. 01 July 2024) 52 TRIL Bengaluru Real Estate Five Limited (Acquired w.e.f 29 January 2025) 53 TRIL Bengaluru Real Estate Six Limited (Acquired w.e.f 29 January 2025) Sr. No Name of component Relationship 54 Tata Sons & Consultancy Services Employees’ Welfare Trust Trust 55 TCS e-Serve International Limited - Employees’ Welfare Benefit Trust TATA CONSULTANCY SERVICES LIMITED Registered Office: 9th Floor, Nirmal Building, Nariman Point, Mumbai 400 021 CIN:L22210MH1995PLC084781 Tel: +9122 6778 9595 e-mail: investor.relations@tcs.com Website: www.tcs.com Audited Consolidated Interim Statement of Financial Results June 30, March 31, 2024 2025 Revenue from operations 63,437 64,479 Other income 1,660 1,028 62,613 255,324 962 3,962 63,575 259,286 TOTAL INCOME 65,097 65,507 Employee benefit expenses 37,715 36,762 36,416 145,788 2,151 11,648 173 796 1,220 5,242 7,384 30,481 47,344 193,955 16,231 65,331 Cost of equipment and software licences 726 2,748 Finance costs 195 227 Depreciation and amortisation expense 1,361 1,379 Other expenses 8,121 7,989 TOTAL EXPENSES 48,118 49,105 PROFIT BEFORE TAX 16,979 16,402 Tax expense Current tax 4,163 4,325 Deferred tax (3) (216) 4,290 16,910 (164) (376) 4,126 16,534 12,105 48,797 TOTAL TAX EXPENSE 4,160 4,109 PROFIT FOR THE PERIOD 12,819 12,293 OTHER COMPREHENSIVE INCOME (OCI) Items that will not be reclassified subsequently to profit or loss Remeasurement of defined employee benefit plans 8 (160)", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "’\nIndependent Auditors Report", "subsection": "ANIRUDDHA \nSHREEKANT \nGODBOLE", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "484f981977843a36"}, {"chunk_id": "7a793c6426a6e200", "content": "TOTAL TAX EXPENSE 4,160 4,109 PROFIT FOR THE PERIOD 12,819 12,293 OTHER COMPREHENSIVE INCOME (OCI) Items that will not be reclassified subsequently to profit or loss Remeasurement of defined employee benefit plans 8 (160) Net change in fair values of investments in equity shares 38 (6) carried at fair value through OCI Income tax on items that will not be reclassified subsequently to (2) 40 profit or loss Items that will be reclassified subsequently to profit or loss Net change in fair values of investments other than 207 280 equity shares carried at fair value through OCI Net change in intrinsic value of derivatives designated as 9 (18) cash flow hedges Net change in time value of derivatives designated as (40) (10) cash flow hedges Exchange differences on translation of financial statements 1,105 500 of foreign operations", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "’\nIndependent Auditors Report", "subsection": "ANIRUDDHA \nSHREEKANT \nGODBOLE", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "484f981977843a36"}, {"chunk_id": "d6fa618c676ea64f", "content": "Income tax on items that will be reclassified subsequently to profit or (44) (64) TOTAL OTHER COMPREHENSIVE INCOME/ (LOSSES) 1,281 562 (214) 589 11,891 49,386 TOTAL COMPREHENSIVE INCOME FOR THE PERIOD 14,100 12,855 Profit for the period attributable to: Shareholders of the Company 12,760 12,224 Non-controlling interests 59 69 12,819 12,293 65 244 12,105 48,797 Other comprehensive income for the period attributable to: Shareholders of the Company 1,248 541 Non-controlling interests 33 21 Total comprehensive income for the period attributable to: Shareholders of the Company 14,008 12,765 Non-controlling interests 92 90 14,100 12,855 32 262 11,891 49,386 Paid up equity share capital (Face value: ,1 per share) 362 362 Total reserves (including Non-controlling interests) Earnings per equity share:- Basic and diluted (f) 35.27 33.79 Dividend per share (Par value fl each) Interim dividend on equity shares (f) 11.00 - Final dividend on equity shares (f) - 30.00 - 30.00 10.00 126.00 1,000 12,600 Total dividend on equity shares (f) 11.00 30.00 Total equity dividend percentage 1,100 3,000 Audited Consolidated Interim Segment Information Banking, Financial Services and Insurance 24,736 24,257 Manufacturing 6,401 6,395 23,074 94,597 6,271 25,170 9,991 40,197 10,794 45,893 6,909 26,456 5,574 23,011 Consumer Business 10,155 10,146 Communication, Media and Technology 9,436 11,022 Life Sciences and Healthcare 6,422 6,491 Total 63,437 64,479 Banking, Financial Services and Insurance 6,216 6,375 6,011 25,135 2,090 8,225 2,627 11,222 2,459 9,582 2,092 7,448 1,383 5,795 Consumer Business 2,799 2,929 Manufacturing 1,998 2,029", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "’\nIndependent Auditors Report", "subsection": "Earnings per equity share:- Basic and diluted (f) \n35.27 \n33.79 \nDividend per share (Par value fl each) \nInterim dividend on equity shares (f) \n11.00 \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7cf947d64fdc8d77"}, {"chunk_id": "e4a0498d54fcf157", "content": "9,436 11,022 Life Sciences and Healthcare 6,422 6,491 Total 63,437 64,479 Banking, Financial Services and Insurance 6,216 6,375 6,011 25,135 2,090 8,225 2,627 11,222 2,459 9,582 2,092 7,448 1,383 5,795 Consumer Business 2,799 2,929 Manufacturing 1,998 2,029 Communication, Media and Technology 2,655 2,376 Life Sciences and Healthcare 1,574 1,691 Total 16,875 16,979 Unallocable expenses 1,556 1,606 16,662 67,407 1,393 6,038 Operating income 15,319 15,373 15,269 61,369 962 3,962 Other income 1,660 1,029 PROFIT BEFORE TAX 16,979 16,402 practicable and any forced allocation would not result in any meaningful segregation. Hence, assets and liabilities have not been identified to any of the reportable segments. Note: The assets and liabilities of the Group are used interchangeably amongst segments. Allocation of such assets and liabilities is not Select explanatory notes to the Statement of Audited Consolidated Interim Financial Results for the three months ended 1. Audited Consolidated Interim Statement of Financial Results for the three months ended June 30, 2025 have been prepared in accordance with the Indian Accounting Standard (referred to as \"Ind AS\") 34 - Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules as amended from time to time. Audited Consolidated Interim Statement of Financial Results for the three months ended March 31, 2025 have been", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "’\nIndependent Auditors Report", "subsection": "Earnings per equity share:- Basic and diluted (f) \n35.27 \n33.79 \nDividend per share (Par value fl each) \nInterim dividend on equity shares (f) \n11.00 \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7cf947d64fdc8d77"}, {"chunk_id": "1201d9ab76729045", "content": "time. Audited Consolidated Interim Statement of Financial Results for the three months ended March 31, 2025 have been prepared on the basis of the audited consolidated financial statements for the year ended March 31, 2025, the audited condensed consolidated interim financial statements upto the end of the second quarter and audited consolidated interim financial statements of the third quarter of the year ended March 31, 2025, which are prepared in accordance with the Ind AS notified under the Companies (Indian Accounting Standards) Rules, 2015. These results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on July 10, 2025. The statutory auditors have expressed an unmodified audit opinion on these results. 2. The Board of Directors at its meeting held on July 10, 2025, has declared an interim dividend on11.oo per equity share. 3. The results for three months ended June 30, 2025, are available on the BSE Limited website (URL: www.bseindia.com), the National Stock Exchange of India Limited website (URL: www.nseindia.com) and on the Company's website (URL: www.tcs.com/investors). For and on behalf of the Board of Directors KUNCHITHAM KRITHIVASAN Digitally signed by KUNCHITHAM KRITHIVASAN Date: 2025.07.10 14:45:14 +05'30' Mumbai July 10, 2025 CEO and Managing Director DIN: 10106739", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "’\nIndependent Auditors Report", "subsection": "Earnings per equity share:- Basic and diluted (f) \n35.27 \n33.79 \nDividend per share (Par value fl each) \nInterim dividend on equity shares (f) \n11.00 \n-", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "7cf947d64fdc8d77"}, {"chunk_id": "6ad725b49ca9f236", "content": "’ Independent Auditors Report To the Board of Directors of Tata Consultancy Services Limited Report on the audit of the Standalone Financial Results We have audited the accompanying standalone quarterly financial results of Tata Consultancy Services Limited (“the Company”) for the quarter ended 30 June 2025, attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (\"Listing Regulations\"). In our opinion and to the best of our information and according to the explanations given to us, these standalone financial results: a. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and b. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards, and other accounting principles generally accepted in India, of the net profit and other comprehensive income and other financial information for the quarter ended 30 June 2025. We conducted our audit in accordance with the Standards on Auditing (“SAs”) specified under section 143(10) of the Companies Act, 2013 (“the Act”). Our responsibilities under those SAs are further described in the Auditor’s Responsibilities for the Audit of the Standalone Financial Results section of our report. We", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Standalone Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9518328d00435ccf"}, {"chunk_id": "1e524885692d0dd4", "content": "Our responsibilities under those SAs are further described in the Auditor’s Responsibilities for the Audit of the Standalone Financial Results section of our report. We are independent of the Company, in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act, and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained, is sufficient and appropriate to provide a basis for our opinion. Management’s and Board of Directors’ Responsibilities for the Standalone Financial Results These quarterly financial results have been prepared on the basis of the interim financial statements. The Company’s Management and the Board of Directors are responsible for the preparation of these standalone financial results that give a true and fair view of the net profit/ loss and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, ‘Interim Financial Reporting’ prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Standalone Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9518328d00435ccf"}, {"chunk_id": "9349678760ed0cca", "content": "of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error. In preparing the standalone financial results, the Management and the Board of Directors are responsible B S R & Co. (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP (a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013 14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063 for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Standalone Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9518328d00435ccf"}, {"chunk_id": "d1206455dc9914c1", "content": "Center, Western Express Highway, Goregaon (East), Mumbai - 400063 for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. The Board of Directors are also responsible for overseeing the Company’s financial reporting process. Auditor’s Responsibilities for the Audit of the Standalone Financial Results Our objectives are to obtain reasonable assurance about whether the standalone financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone financial results. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: –", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Standalone Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9518328d00435ccf"}, {"chunk_id": "fc5efe74f558112e", "content": "these standalone financial results. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: – Identify and assess the risks of material misstatement of the standalone financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. – Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company’s internal control. – Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the standalone financial results made by the Management and Board of Directors. – Conclude on the appropriateness of the Management’s and Board of Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Standalone Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9518328d00435ccf"}, {"chunk_id": "b5583bf13b11107d", "content": "Board of Directors. – Conclude on the appropriateness of the Management’s and Board of Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the standalone financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern.", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Standalone Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "9518328d00435ccf"}, {"chunk_id": "0b5b27e5a509aac9", "content": "– Evaluate the overall presentation, structure and content of the standalone financial results, including the disclosures, and whether the standalone financial results represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. Attention is drawn to the fact that the figures for the 3 months ended 31 March 2025 as reported in these standalone financial results are the balancing figures between audited figures in respect of the full previous financial year and the published audited year to date figures up to the third quarter of the previous financial Chartered Accountants Firm’s Registration No.:101248W/W-100022 ANIRUDDHA SHREEKANT GODBOLE Digitally signed by ANIRUDDHA SHREEKANT GODBOLE Date: 2025.07.10 15:11:56 +05'30' Mumbai Membership No.: 105149 10 July 2025 UDIN:25105149BMLWZH2986 Registered Office: 9th Floor, Nirmal Building, Nariman Point, Mumbai 400 021", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "’\nIndependent Auditors Report", "subsection": "Yashaswin Sheth \nCompany Secretary\nACS 15388", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0e19db6093a23bc5"}, {"chunk_id": "718b13fbba07a3ee", "content": "GODBOLE Digitally signed by ANIRUDDHA SHREEKANT GODBOLE Date: 2025.07.10 15:11:56 +05'30' Mumbai Membership No.: 105149 10 July 2025 UDIN:25105149BMLWZH2986 Registered Office: 9th Floor, Nirmal Building, Nariman Point, Mumbai 400 021 CIN: L22210MH1995PLC084781 Tel: +9122 6778 9595 e-mail: investor.relations@tcs.com Website: www.tcs.com Audited Standalone Interim Statement of Financial Results Other income 2,703 1,922 Revenue from operations 52,788 54,136 52,844 214,853 2,417 9,642 TOTAL INCOME 55,491 56,058 Employee benefit expenses 27,640 27,215 26,657 107,300 2,073 11,372 Finance costs 171 201 Cost of equipment and software licences 623 2,673 145 703 969 4,220 9,539 38,252 Depreciation and amortisation expense 1,103 1,118 Other expenses 9,768 10,179 TOTAL EXPENSES 39,305 41,386 PROFIT BEFORE TAX 16,186 14,672 Current tax 3,660 3,774 Deferred tax (26) (218) 3,809 14,823 (46) (232) TOTAL TAX EXPENSE 3,634 3,556 OTHER COMPREHENSIVE INCOME (OCI) PROFIT FOR THE PERIOD 12,552 11,116 Items that will not be reclassified subsequently to profit or loss Remeasurement of defined employee benefit plans (1) (151) Income tax on items that will not be reclassified subsequently to profit or 38 Items that will be reclassified subsequently to profit or loss Net change in fair values of investments other than 207 281 equity shares carried at fair value through OCI Net change in intrinsic value of derivatives designated as 9 (18) cash flow hedges Net change in time value of derivatives designated as (40) (9) cash flow hedges", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "’\nIndependent Auditors Report", "subsection": "Yashaswin Sheth \nCompany Secretary\nACS 15388", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0e19db6093a23bc5"}, {"chunk_id": "d88801c32245025f", "content": "equity shares carried at fair value through OCI Net change in intrinsic value of derivatives designated as 9 (18) cash flow hedges Net change in time value of derivatives designated as (40) (9) cash flow hedges Income tax on items that will be reclassified subsequently to profit or loss (44) (63) TOTAL OTHER COMPREHENSIVE INCOME/ (LOSSES) 131 78 TOTAL COMPREHENSIVE INCOME FOR THE PERIOD 12,683 11,194 Paid up equity share capital (Face value: ,1 per share) 362 362 Earnings per equity share:- Basic and diluted (t) 34.69 30.72 Dividend per share (Par value fl each) Interim dividend on equity shares (t) 11.00 - Final dividend on equity shares (t) - 30.00 Total dividend on equity shares (t) 11.00 30.00 10.00 96.00 - 30.00 10.00 126.00 1,000 12,600 Tota I equity dividend percentage 1,100 3,000 Select explanatory notes to the Statement of Audited Standalone Interim Financial Results for the three months ended June 30, 2025 1. Audited Standalone Interim Statement of Financial Results for the three months ended June 30, 2025 have been prepared in accordance with the Indian Accounting Standard (referred to as \"Ind AS\") 34 - Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules as amended from time to time. Audited Standalone Interim Statement of Financial Results for the three months ended March 31, 2025 have been prepared", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "’\nIndependent Auditors Report", "subsection": "Yashaswin Sheth \nCompany Secretary\nACS 15388", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0e19db6093a23bc5"}, {"chunk_id": "55313b90859cd8bb", "content": "time. Audited Standalone Interim Statement of Financial Results for the three months ended March 31, 2025 have been prepared on the basis of the audited standalone financial statements for the year ended March 31, 2025, the audited condensed standalone interim financial statements upto the end of the second quarter and audited standalone interim financial statements of the third quarter of the year ended March 31, 2025, which are prepared in accordance with the Ind AS notified under the Companies (Indian Accounting Standards) Rules, 2015. These results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on July 10, 2025. The statutory auditors have expressed an unmodified audit opinion on these results. 2. The Board of Directors at its meeting held on July 10, 2025, has declared an interim dividend of ~11.00 per equity share. 3. The results for three months ended June 30, 2025, are available on the BSE Limited website (URL: www.bseindia.com), the National Stock Exchange of India Limited website (URL: www.nseindia.com) and on the Company's website (URL: www.tcs.com/investors). For and on behalf of the Board of Directors KUNCHITHAM KRITHIVASAN Mumbai July 10, 2025 Digitally signed by KUNCHITHAM KRITHIVASAN Date:2025.07.1014:46:45+o5'30' CEO and Managing Director Intimation as per NSE and BSE circulars dated July 14, 2023 This is to inform you that pursuant to NSE circular no. NSE/CML/2023/57 and BSE Circular no.", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "’\nIndependent Auditors Report", "subsection": "Yashaswin Sheth \nCompany Secretary\nACS 15388", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0e19db6093a23bc5"}, {"chunk_id": "2ee7bc31917a88ed", "content": "KRITHIVASAN Date:2025.07.1014:46:45+o5'30' CEO and Managing Director Intimation as per NSE and BSE circulars dated July 14, 2023 This is to inform you that pursuant to NSE circular no. NSE/CML/2023/57 and BSE Circular no. 20230714-34 dated July 14, 2023, the meeting of the Board of Directors of the Company was held today, July 10, 2025, at 11.30 a.m. and concluded at 3.40 p.m. Yours faithfully, For Tata Consultancy Services Limited Yashaswin Sheth Company Secretary ACS 15388 9th Floor Nirmal Building Nariman Point Mumbai 400 021 Tel 91 22 6778 9595 Fax 91 22 6630 3672 e-mail corporate.office@tcs.com website www.tcs.com Registered Office 9th Floor Nirmal Building Nariman Point Mumbai 400 021 Corporate Identity No. (CIN): L22210MH1995PLC084781", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "’\nIndependent Auditors Report", "subsection": "Yashaswin Sheth \nCompany Secretary\nACS 15388", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "0e19db6093a23bc5"}, {"chunk_id": "23a6806790e98cd8", "content": "[TABLE] Company: TCS | Year: FY2025 | Section: Introduction > Yours faithfully, \nFor Tata Consultancy Services Limited  \n \n \n \n \nYashaswin Sheth \nCompany Secretary \nACS 15388 \n \ncc: \n1. National Securities Depository Limited \n2. Central Depository Services (India) Limited \n3. MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited) | Page: 1\n\n| TCS/BM/65/SE/2025-26 |  |  |  |  |  |  |\n|---|---|---|---|---|---|---|\n| July 10, 2025 |  |  |  |  |  |  |\n| National Stock Exchang | e of India | Limited | B | SE Limite | d |  |\n| Exchange Plaza, C-1, Bl | ock G, |  | P | . J. Tower | s, |  |\n| Bandra Kurla Complex | , Bandra ( | East) | D | alal Street | , |  |\n| Mumbai - 400051 |  |  |  | Mumbai - 4 | 00001 |  |\n| Symbol - TCS |  |  | S | crip Code | No. 532540 |  |\n| Dear Sirs, |  |  |  |  |  |  |\n| Sub: Financial Result | s for the | quarter | ended Jun | e 30, 202 | 5, and dec | laration of |\n| Interim Dividend |  |  |  |  |  |  |\n| We enclose the audited | standalone | financial | results of the | Company | and audited | consolidated |\n| financial results of the | Company | and its su | bsidiaries for | the quart | er ended Jun | e 30, 2025, |\n| under Ind AS, which have | been appr | oved and ta | ken on record | at a meetin | g of the Board | of Directors |\n| of the Company held toda | y. |  |  |  |  |  |\n| We would like to inform | you that at | the Board | Meeting held | today, the | Directors have | declared an |\n| interim dividend of INR 1 | 1 per Equi | ty Share o | f INR 1 each o | f the Comp | any. |  |\n| The interim dividend sha | ll be paid o | n Monday | , August 4, 2 | 025, to the | equity shareh | olders of the |\n| Company whose names a | ppear on th | e Register | of Members o | f the Compa | ny or in the r | ecords of the |\n| Depositories as beneficia | l owners o | f the shar | es as on Wed | nesday, Jul | y 16, 2025, | which is the |\n| Record Date, fixed for th | e purpose. |  |  |  |  |  |\n| The above information is | also availa | ble on the | website of the | Company | www.tcs.com |  |\n| Thanking you, |  |  |  |  |  |  |\n| Yours faithfully, |  |  |  |  |  |  |\n| For Tata Consultancy S | ervices Lim | ited |  |  |  |  |\n| Yashaswin Sheth |  |  |  |  |  |  |\n| Company Secretary |  |  |  |  |  |  |\n| ACS 15388 |  |  |  |  |  |  |\n| cc: |  |  |  |  |  |  |\n| 1. National Securities D | epository L | imited |  |  |  |  |\n| 2. Central Depository Se | rvices (Ind | ia) Limite | d |  |  |  |\n| 3. MUFG Intime India P | rivate Lim | ited (Form | erly known as | Link Intim | e India Privat | e Limited) |\n| Tel 91 22 6778 9 Regist | 595 Fax 91 22 6 ered Office 9th | 630 3672 e-m Floor Nirmal B | ail corporate.office uilding Nariman Po | @tcs.com websi int Mumbai 40 | te www.tcs.com 0 021 |  |", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 1, "section": "Introduction", "subsection": "Yours faithfully, \nFor Tata Consultancy Services Limited  \n \n \n \n \nYashaswin Sheth \nCompany Secretary \nACS 15388 \n \ncc: \n1. National Securities Depository Limited \n2. Central Depository Services (India) Limited \n3. MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "0b65612836d3fae9", "content": "[TABLE] Company: TCS | Year: FY2025 | Section: ’\nIndependent Auditors Report > Report on the audit of the Consolidated Financial Results | Page: 2\n\n| B S R & | Co. LLP |  | Nesco IT Pa Western Ex | rk 4, Nesco press Highwa | Center y |  |\n|---|---|---|---|---|---|---|\n| Chartered Accounta | nts |  | Goregaon ( Telephone: | East), Mumba +91 (22) 625 | i – 400 0 7 1000 | 63, India |\n|  |  |  | Fax: +91 (2 | 2) 6257 1010 |  |  |\n|  |  | In | depend | ent Aud | itors ’ | Report |\n| To the Board of | Directors of Ta | ta Consulta | ncy Servi | ces Limit | ed |  |\n| Report on the a | udit of the Cons | olidated Fi | nancial Re | sults |  |  |\n| Opinion |  |  |  |  |  |  |\n| We have audited the | accompanying State | ment of Cons | olidated Finan | cial Results | of Tata | Consultancy |\n| Services Limited (“Ho | lding Company”) and | its subsidiaries | (Holding Com | pany and its | subsidia | ries together |\n| referred to as “the Gr | oup”), for the quarter | ended 30 June | 2025, (“the St | atement”), b | eing sub | mitted by the |\n| Holding Company pu | rsuant to the requirem | ent of Regulat | ion 33 of the | Securities an | d Excha | nge Board of |\n| India (Listing Obliga | tions and Disclosur | e Requirement | s) Regulatio | ns, 2015, a | s amend | ed (\"Listing |\n| Regulations\"). |  |  |  |  |  |  |\n| In our opinion and to | the best of our inf | ormation and a | ccording to t | he explanati | ons give | n to us, the |\n| Statement: |  |  |  |  |  |  |\n| a. includes the resu | lts of the entities men | tioned in Anne | xure I; |  |  |  |\n| b. is presented in a | ccordance with the | requirements o | f Regulation | 33 of the Li | sting Re | gulations as |\n| amended; and |  |  |  |  |  |  |\n| c. gives a true and f | air view in conformity | with the applica | ble accountin | g standards, | and othe | r accounting |\n| principles genera | lly accepted in India, | of consolidated | total compre | hensive inco | me (com | prising of net |\n| profit and other c | omprehensive incom | e) and other fi | nancial inform | ation of the | Group fo | r the quarter |\n| ended 30 June 2 | 025 |  |  |  |  |  |\n| Basis for Opinion |  |  |  |  |  |  |\n| We conducted our a | udit in accordance wi | th the Standar | ds on Auditin | g (“SAs”) sp | ecified u | nder section |\n| 143(10) of the Compa | nies Act, 2013 (“the A | ct”). Our respo | nsibilities und | er those SAs | are furth | er described |\n| in the Auditor’s Resp | onsibilities for the Au | dit of the Cons | olidatedFinan | cial Results | section o | f our report. |\n| We are independent | of the Group in ac | cordance with | the Code of | Ethics issue | d by the | Institute of |\n| Chartered Accountan | ts of India together w | ith the ethical r | equirements t | hat are relev | ant to ou | r audit of the |\n| financial statements u | nder the provisions | of the Act, and | the Rules the | reunder, and | we hav | e fulfilled our |\n| other ethical responsi | bilities in accordance | with these req | uirements an | d the Code | of Ethics | . We believe |\n| that the audit evidenc | e we have obtained, | is sufficient an | d appropriate | to provide a | basis fo | r our opinion |\n| on the consolidated fi | nancial results. |  |  |  |  |  |\n| Management’s and | Board of Directors’/ | Trustees' Res | ponsibilities | for the Con | solidate | d Financial |\n| Results |  |  |  |  |  |  |\n| These quarterly cons | olidated financial resu | lts have been p | repared on th | e basis of the | consoli | dated interim |\n| financial statements. |  |  |  |  |  |  |\n| The Holding Compan | y’s Management and | the Board of D | irectors are re | sponsible fo | r the pre | paration and |\n| presentation of these | consolidated financi | al results that g | ive a true an | d fair view of | the con | solidated net |\n| profit/ loss and other | comprehensive inco | me and other fi | nancial inform | ation of the | Group in | accordance |\n| with the recognition a | nd measurement pr | inciples laid do | wn in Indian | Accounting | Standard | 34, ‘Interim |\n| Financial Reporting’ p | rescribed under Sec | tion 133 of the | Act read with | relevant rul | es issue | d thereunder |\n| and other accounting | principles generally | accepted in Ind | ia and in com | pliance with | Regulat | ion 33 of the |\n| Listing Regulations. | The respective | Management | and Board | of Directo | rs/Truste | es of the |\n| companies/entities in | cluded in the Group a | re responsible f | or maintenanc | e of adequat | e accou | nting records |\n|  |  |  | Registered Offi | ce: |  |  |\n| B S R & Co. (a partnership firm with Limited Liability Partnership with LLP | Registration No. BA61223) converte Registration No. AAB-8181) with eff | d into B S R & Co. LLP (a ect from October 14, 2013 | 14th Floor, Cen Center, Wester | tral B Wing and North n Express Highway, G | C Wing, Nesc oregaon (East | o IT Park 4, Nesco ), Mumbai - 400063 Page 1 of 6 |", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 2, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Consolidated Financial Results", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "0e2ff887abd8d958", "content": "[TABLE] Company: TCS | Year: FY2025 | Section: ’\nIndependent Auditors Report > Report on the audit of the Consolidated Financial Results | Page: 3\n\n| B S R & Co. LL | P |  |  |  |\n|---|---|---|---|---|\n|  |  | Independen | t Auditor’s Report | (Continued) |\n|  |  | Tata | Consultancy Servi | ces Limited |\n| in accordance with the | provisions of the Act f | or safeguarding o | f the assets of each comp | any/entity and for |\n| preventing and detec | ting frauds and oth | er irregularities; | selection and application | of appropriate |\n| accounting policies; m | aking judgments and | estimates that ar | e reasonable and prudent | ; and the design, |\n| implementation and m | aintenance of adequa | te internal financ | ial controls, that were ope | rating effectively |\n| for ensuring accuracy | and completeness o | f the accounting | records, relevant to the | preparation and |\n| presentation of the con | solidated financial res | ults that give a tr | ue and fair view and are f | ree from material |\n| misstatement, whether | due to fraud or error, | which have been | used for the purpose of p | reparation of the |\n| consolidated financial r | esults by the Manage | ment and the Boa | rd of Directors of the Hold | ing Company, as |\n| aforesaid. |  |  |  |  |\n| In preparing the con | solidated financial r | esults, the resp | ective Management an | d the Board of |\n| Directors/Trustees of | the companies/entitie | s included in the | Group are responsible f | or assessing the |\n| ability of each compan | y/entity to continue as | a going concern | , disclosing, as applicable | , matters related |\n| to going concern and | using the going con | cern basis of a | ccounting unless the res | pective Board of |\n| Directors/Trustees eith | er intends to liquidate | the company/enti | ty or to cease operations, | or has no realistic |\n| alternative but to do so | . |  |  |  |\n| The respective Board o | f Directors/Trustees o | f the companies/ | entities included in the Gro | up is responsible |\n| for overseeing the fina | ncial reporting proces | s of each compan | y/entity. |  |\n| Auditor’s Responsibi | lities for the Audit of | the Consolidat | ed Financial Results |  |\n| Our objectives are to o | btain reasonable ass | urance about whe | ther the consolidated fina | ncial results as a |\n| whole are free from ma | terial misstatement, w | hether due to fra | ud or error, and to issue a | n auditor’s report |\n| that includes our opini | on. Reasonable assur | ance is a high lev | el of assurance, but is not | a guarantee that |\n| an audit conducted in | accordance with SAs | will always dete | ct a material misstatemen | t when it exists. |\n| Misstatements can aris | e from fraud or error a | nd are considere | d material if, individually or | in the aggregate, |\n| they could reasonably | be expected to influe | nce the economi | c decisions of users take | n on the basis of |\n| these consolidated fina | ncial results. |  |  |  |\n| As part of an audit in a | ccordance with SAs, w | e exercise profe | ssional judgment and main | tain professional |\n| skepticism throughout | the audit. We also: |  |  |  |\n| – Identify and asses | s the risks of material | misstatement of | the consolidated financial | results, whether |\n| due to fraud or err | or, design and perform | audit procedures | responsive to those risks, | and obtain audit |\n| evidence that is su | fficient and appropriat | e to provide a ba | sis for our opinion. The ris | k of not detecting |\n| a material misstate | ment resulting from fr | aud is higher tha | n for one resulting from er | ror, as fraud may |\n| involve collusion, f | orgery, intentional omi | ssions, misrepres | entations, or the override o | f internal control. |\n| – Obtain an underst | anding of internal con | trol relevant to th | e audit in order to design | audit procedures |\n| that are appropria | te in the circumstanc | es, but not for th | e purpose of expressing a | n opinion on the |\n| effectiveness of th | e Group’s internal con | trol. |  |  |\n| – Evaluate the appr | opriateness of accou | nting policies us | ed and the reasonablene | ss of accounting |\n| estimates and rela | ted disclosures in the | consolidated fina | ncial results made by the | Management and |\n| Board of Directors | . |  |  |  |\n| – Conclude on the | appropriateness of th | e Management’s | and Board of Directors’ | use of the going |\n| concern basis of | accounting and, ba | sed on the audi | t evidence obtained, wh | ether a material |\n| uncertainty exists | related to events | or conditions t | hat may cast significan | t doubt on the |\n| appropriateness o | f this assumption. If w | e conclude that a | material uncertainty exists | , we are required |\n| to draw attention i | n our auditor’s report t | o the related disc | losures in the consolidated | financial results |\n| or, if such disclosu | res are inadequate, to | modify our opini | on. Our conclusions are b | ased on the audit |\n| evidence obtained | up to the date of our | auditor’s report. | However, future events o | r conditions may |\n| cause the Group t | o cease to continue as | a going concern | . |  |\n| – Evaluate the overa | ll presentation, structu | re and content of | the consolidated financial | results, including |\n| the disclosures, an | d whether the consoli | dated financial re | sults represent the underl | ying transactions |\n| and events in a m | anner that achieves fa | ir presentation. |  |  |\n|  |  |  |  | Page 2 of 6 |", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 3, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Consolidated Financial Results", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "992d21ec3aab0b76", "content": "[TABLE] Company: TCS | Year: FY2025 | Section: ’\nIndependent Auditors Report > ANIRUDDHA \nSHREEKANT \nGODBOLE | Page: 4\n\n| B S R & Co. | LLP |  |  |  |  |\n|---|---|---|---|---|---|\n|  |  | In | depe | ndent Audit | or’s Report (Continued) |\n|  |  |  |  | Tata Consu | ltancy Services Limited |\n| We communicate | with those charged | with gov | ernanc | e of the Holding | Company and such other entities |\n| included in the con | solidated financial | results of | which | we are the indepe | ndent auditors regarding, among |\n| other matters, the | planned scope an | d timing | of the | audit and signific | ant audit findings, including any |\n| significant deficien | cies in internal con | trol that w | e ident | ify during our aud | it. |\n| We also provide t | hose charged with | governan | ce with | a statement that | we have complied with relevant |\n| ethical requiremen | ts regarding indep | endence, | and to | communicate wit | h them all relationships and other |\n| matters that may | reasonably be tho | ught to be | ar on | our independenc | e, and where applicable, related |\n| safeguards. |  |  |  |  |  |\n| We also performe | d procedures in ac | cordance | with th | e circular issued | by the Securities and Exchange |\n| Board of India und | er Regulation 33(8 | ) of the Lis | ting R | egulations, to the | extent applicable. |\n| Other Matter |  |  |  |  |  |\n| Attention is drawn | to the fact that the | figures for | the 3 | months ended 31 | March 2025 as reported in these |\n| consolidated finan | cial results are th | e balancin | g figu | res between audi | ted figures in respect of the full |\n| previous financial | year and the publish | ed audite | d year | to date figures up | to the third quarter of the previous |\n| financial year. |  |  |  |  |  |\n|  |  |  |  |  | For B S R & Co. LLP |\n|  |  |  |  |  | Chartered Accountants |\n|  |  |  |  | Firm’s Registr | ation No.:101248W/W-100022 |\n|  |  |  |  | ANIRUD SHREEK | DHA Digitally signed by ANIRUDDHA SHREEKANT ANT GODBOLE |\n|  |  |  |  | GODBO | Date: 2025.07.10 15:13:53 LE +05'30' |\n|  |  |  |  |  | Aniruddha Godbole |\n|  |  |  |  |  | Partner |\n| Mumbai |  |  |  |  | Membership No.: 105149 |\n| 10 July 2025 |  |  |  |  | UDIN:25105149BMLWZI8281 |\n|  |  |  |  |  | Page 3 of 6 |", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 4, "section": "’\nIndependent Auditors Report", "subsection": "ANIRUDDHA \nSHREEKANT \nGODBOLE", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "da4fafde075a6396", "content": "[TABLE] Company: TCS | Year: FY2025 | Section: ’\nIndependent Auditors Report > ANIRUDDHA \nSHREEKANT \nGODBOLE | Page: 5\n\n| Sr. No | Name of component | Relationship |\n|---|---|---|\n| 1 | APTOnline Limited | Subsidiary |\n| 2 | C-Edge Technologies Limited | Subsidiary |\n| 3 | Diligenta Limited | Subsidiary |\n| 4 | MahaOnline Limited | Subsidiary |\n| 5 | MP Online Limited | Subsidiary |\n| 6 | Tata America International Corporation | Subsidiary |\n| 7 | Tata Consultancy Services (Africa) (Proprietary) Ltd. | Subsidiary |\n| 8 | Tata Consultancy Services Asia Pacific Pte Ltd. | Subsidiary |\n| 9 | Tata Consultancy Services Belgium | Subsidiary |\n| 10 | Tata Consultancy Services Canada Inc. | Subsidiary |\n| 11 | Tata Consultancy Services Deutschland GmbH | Subsidiary |\n| 12 | Tata Consultancy Services Netherlands B.V. | Subsidiary |\n| 13 | Tata Consultancy Services Qatar | Subsidiary |\n| 14 | Tata Consultancy Services Sverige Aktiebolag | Subsidiary |\n| 15 | TCS e-Serve International Limited | Subsidiary |\n| 16 | TCS FNS Pty Limited | Subsidiary |\n| 17 | TCS Iberoamerica SA | Subsidiary |\n| 18 | PT Tata Consultancy Services Indonesia, PT | Subsidiary |\n| 19 | Tata Consultancy Services (China) Co., Ltd. | Subsidiary |\n| 20 | Tata Consultancy Services (Philippines) Inc. | Subsidiary |\n| 21 | Tata Consultancy Services (Thailand) Limited | Subsidiary |\n| 22 | MGDC S.C. | Subsidiary |\n| 23 | Tata Consultancy Services Argentina S.A. | Subsidiary |\n| 24 | Tata Consultancy Services De Mexico, S.A. De C.V. | Subsidiary |\n| 25 | Tata Consultancy Services Do Brasil Ltda. | Subsidiary |\n| 26 | TCS Inversiones Chile Limitada | Subsidiary |", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 5, "section": "’\nIndependent Auditors Report", "subsection": "ANIRUDDHA \nSHREEKANT \nGODBOLE", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "71871b856cf3c2fa", "content": "[TABLE] Company: TCS | Year: FY2025 | Section: ’\nIndependent Auditors Report > ANIRUDDHA \nSHREEKANT \nGODBOLE | Page: 6\n\n| Sr. No | Name of component | Relationship |\n|---|---|---|\n| 27 | Tata Consultancy Services France | Subsidiary |\n| 28 | TCS Uruguay S.A. | Subsidiary |\n| 29 | TCS Solution Center S.A. | Subsidiary |\n| 30 | Tata Consultancy Services De Espana S.A. | Subsidiary |\n| 31 | Tata Consultancy Services Luxembourg S.A. | Subsidiary |\n| 32 | Tata Consultancy Services Osterreich GmbH | Subsidiary |\n| 33 | Tata Consultancy Services Saudi Arabia | Subsidiary |\n| 34 | Tata Consultancy Services Switzerland Ltd | Subsidiary |\n| 35 | TCS Business Services GmbH | Subsidiary |\n| 36 | Tata Consultancy Services Ireland Limited | Subsidiary |\n| 37 | TCS Technology Solutions GmbH | Subsidiary |\n| 38 | Tata Consultancy Services Bulgaria EOOD | Subsidiary |\n| 39 | Tata Consultancy Services Guatemala, S.A. | Subsidiary |\n| 40 | Tata Consultancy Services UK Limited | Subsidiary |\n| 41 | Diligenta (Europe) B.V. | Subsidiary |\n| 42 | TCS Foundation | Subsidiary |\n| 43 | Tata Consultancy Services Japan, Ltd. | Subsidiary |\n| 44 | Tata Consultancy Services Malaysia Sdn. Bhd. | Subsidiary |\n| 45 | Tata Consultancy Services Italia S.R.L. | Subsidiary |\n| 46 | Tata Consultancy Services (South Africa) (Proprietary) Ltd. | Subsidiary |\n| 47 | Tata Consultancy Services Chile S.A. | Subsidiary |\n| 48 | Tatasolution Center S.A. | Subsidiary |\n| 49 | Tata Consultancy Services (Portugal), Unipessoal Lda | Subsidiary |\n| 50 | TCS Financial Solutions Australia Pty Limited | Subsidiary |\n| 51 | TCS Financial Solutions Beijing Co., Ltd. (Merged with Tata Consultancy Services (China) Co., Ltd. w.e.f. 01 July 2024) | Subsidiary |\n| 52 | TRIL Bengaluru Real Estate Five Limited (Acquired w.e.f 29 January 2025) | Subsidiary |\n| 53 | TRIL Bengaluru Real Estate Six Limited (Acquired w.e.f 29 January 2025) | Subsidiary |", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 6, "section": "’\nIndependent Auditors Report", "subsection": "ANIRUDDHA \nSHREEKANT \nGODBOLE", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "20674e0ecd795cf2", "content": "[TABLE] Company: TCS | Year: FY2025 | Section: ’\nIndependent Auditors Report > ANIRUDDHA \nSHREEKANT \nGODBOLE | Page: 7\n\n| Sr. No | Name of component | Relationship |\n|---|---|---|\n| 54 | Tata Sons & Consultancy Services Employees’ Welfare Trust | Trust |\n| 55 | TCS e-Serve International Limited - Employees’ Welfare Benefit Trust | Trust |", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 7, "section": "’\nIndependent Auditors Report", "subsection": "ANIRUDDHA \nSHREEKANT \nGODBOLE", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "3e9f2a664f19ef43", "content": "[TABLE] Company: TCS | Year: FY2025 | Section: ’\nIndependent Auditors Report > Earnings per equity share:- Basic and diluted (f) \n35.27 \n33.79 \nDividend per share (Par value fl each) \nInterim dividend on equity shares (f) \n11.00 \n- | Page: 8\n\n| evenue from opera ther income OTAL INCOME xpenses Employee benefit Cost of equipment Finance costs Depreciation and a Other expenses OTAL EXPENSES ROFIT BEFORE TAX ax expense Current tax Deferred tax OTAL TAX EXPENS ROFIT FOR THE PE THER COMPREHEN Items that will not Remeasurement Net change in fa carried at fair va Income tax on ite | Tel: tions expenses and software l mortisation ex E RIOD SIVE INCOME be reclassified of defined em ir values of inve lue through OC ms that will no | +9122 6778 9 Audited C icences pense (OCI) subsequentl ployee benefit stments in eq I t be reclassifie | C 595 e-m onsolid y to prof plans uity shar d subse | IN:L22210MH1995PLC0847 ail: investor.relations@tcs. ated Interim Statement June 3 2025 6 3 it or loss es quently to | 81 com Website: www of Financial Resu Three month 0, March 2025 3,437 1,660 65,097 7,715 726 195 1,361 8,121 48,118 16,979 4,163 (3) 4,160 12,819 8 38 (2) | .tcs.com lts s ended 31, June 3 202 64,479 1,028 65,507 36,762 2,748 227 1,379 7,989 49,105 16,402 4,325 (216) 4,109 12,293 (160) (6) 40 | ( Year e 0, March 4 202 62,613 962 63,575 36,416 2,151 173 1,220 7,384 47,344 16,231 4,290 (164) 4,126 12,105 51 - (18) | ' crore) nded 31, 5 255,324 3,962 259,286 145,788 11,648 796 5,242 30,481 193,955 65,331 16,910 (376) 16,534 48,797 (106) (24) 18 |\n|---|---|---|---|---|---|---|---|---|\n| profit or loss Items that will be Net change in fa equity shares ca Net change in in cash flow hedge Net change in ti cash flow hedge Exchange differe of foreign opera Income tax on ite loss OTAL OTHER COMP OTAL COMPREHEN rofit for the period Shareholders of th Non-controlling in ther comprehensi Shareholders of th Non-controlling in otal comprehensiv Shareholders of th Non-controlling in aid up equity share otal reserves (inclu | reclassified sub ir values of inve rried at fair valu trinsic value of s me value of der s nces on transla tions ms that will be REHENSIVE IN SIVE INCOME attributable to e Company terests ve income for t e Company terests e income for th e Company terests capital (Face va ding Non-cont | sequently to stments othe e through OCI derivatives de ivatives design tion of financ reclassified su COME/ (LOS FOR THE PERI : he period attr e period attri lue: ,1 per sh rolling interes | profit or r than signated ated as ial state bseque SES) OD ibutable butable are) ts) | loss as ments ntly to profit or to: to: | 207 9 (40) 1,105 (44) 1,281 14,100 12,760 59 12,819 1,248 33 1,281 14,008 92 14,100 362 | 280 (18) (10) 500 (64) 562 12,855 12,224 69 12,293 541 21 562 12,765 90 12,855 362 | 54 4 1 (292) (14) (214) 11,891 12,040 65 12,105 (181) (33) (214) 11,859 32 11,891 362 | 593 1 (9) 262 (146) 589 49,386 48,553 244 48,797 571 18 589 49,124 262 49,386 362 95,409 |\n| Earnings per equ | ity share:- Ba | sic and dilu | ted (f) |  | 35.27 | 33.79 | 33.28 | 134.19 |\n| Dividend per share | (Par value fl | each) |  |  |  |  |  |  |\n| nterim dividend | on equity sh | ares (f) |  |  | 11.00 | - | 10.00 | 96.00 |\n| Final dividend on | equity share | s (f) |  |  | - | 30.00 | - | 30.00 |\n| otal dividend on | equity share | s (f) |  |  | 11.00 | 30.00 | 10.00 | 126.00 |\n| otal equity divid | end percent | age |  |  | 1,100 | 3,000 | 1,000 | 12,600 |", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 8, "section": "’\nIndependent Auditors Report", "subsection": "Earnings per equity share:- Basic and diluted (f) \n35.27 \n33.79 \nDividend per share (Par value fl each) \nInterim dividend on equity shares (f) \n11.00 \n-", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ec1397d58ffa8da1", "content": "[TABLE] Company: TCS | Year: FY2025 | Section: ’\nIndependent Auditors Report > Earnings per equity share:- Basic and diluted (f) \n35.27 \n33.79 \nDividend per share (Par value fl each) \nInterim dividend on equity shares (f) \n11.00 \n- | Page: 9\n\n| Manufacturing Consumer Busine Communication, | ss Media | and Technology | 6,401 10,155 9,436 6,422 | 6,395 10,146 11,022 6,491 | 6,271 9,991 10,794 6,909 | 25,170 40,197 45,893 26,456 |\n|---|---|---|---|---|---|---|\n| Life Sciences and Others | Health | care | 6,287 | 6,168 | 5,574 | 23,011 |\n| Total |  |  | 63,437 | 64,479 | 62,613 | 2,55,324 |\n| SEGMENT RESUL | T |  |  |  |  |  |\n| Banking, Financia Manufacturing | l Servic | es and Insurance | 6,216 1,998 | 6,375 2,029 | 6,011 2,090 | 25,135 8,225 |\n| Consumer Busine Communication, | ss Media | and Technology | 2,799 2,655 | 2,929 2,376 | 2,627 2,459 | 11,222 9,582 |\n| Life Sciences and Others Total | Health | care | 1,574 1,633 16,875 | 1,691 1,579 16,979 | 2,092 1,383 16,662 | 7,448 5,795 67,407 |\n| Unallocable expe Operating incom | nses e |  | 1,556 15,319 | 1,606 15,373 | 1,393 15,269 | 6,038 61,369 |\n| Other income |  |  | 1,660 | 1,029 | 962 | 3,962 |\n| PROFIT BEFORE | TAX |  | 16,979 | 16,402 | 16,231 | 65,331 |\n| Note: The assets | and lia | bilities of the Group are used interchangeably among | st segments. Alloc | ation of such ass | ets and liabilitie | s is not |\n| practicable and a | ny forc | ed allocation would not result in any meaningful segre | gation. Hence, ass | ets and liabilities h | ave not been ide | ntified |\n| o any of the repo | rtable | segments. |  |  |  |  |", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 9, "section": "’\nIndependent Auditors Report", "subsection": "Earnings per equity share:- Basic and diluted (f) \n35.27 \n33.79 \nDividend per share (Par value fl each) \nInterim dividend on equity shares (f) \n11.00 \n-", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "815fa27ef05dab3a", "content": "[TABLE] Company: TCS | Year: FY2025 | Section: ’\nIndependent Auditors Report > Earnings per equity share:- Basic and diluted (f) \n35.27 \n33.79 \nDividend per share (Par value fl each) \nInterim dividend on equity shares (f) \n11.00 \n- | Page: 10\n\n| ect explanatory not | es to the State | ment of Audit | ed Consolidated | Interim Finan | cial Result | s for the | three mon | ths ended |\n|---|---|---|---|---|---|---|---|---|\n| e 30. 2025 |  |  |  |  |  |  |  |  |\n| Audited Consolidat | ed Interim Statem | ent of Financi | al Results for the t | hree months | ended June | 30, 2025 | have been p | repared in |\n| accordance with th | e Indian Account | ing Standard ( | referred to as \"Ind | AS\") 34 - In | terim Finan | cial Rep | orting prescri | bed under |\n| Section 133 of the | Companies Act, 2 | 013 read with | Companies (India | n Accounting | Standards) | Rules as | amended fro | m time to |\n| time. Audited Con | solidated Interim | Statement of | Financial Results f | or the three | months en | ded Marc | h 31, 2025 | have been |\n| prepared on the b | asis of the audit | ed consolidate | d financial statem | ents for the | year ended | March | 31, 2025, t | he audited |\n| condensed consoli | dated interim fina | ncial stateme | nts upto the end | of the second | quarter an | d audite | d consolidat | ed interim |\n| financial statement | s of the third qua | rter of the yea | r ended March 31, | 2025, which | are prepare | d in acco | rdance with | the Ind AS |\n| notified under the | Companies (Indi | an Accounting | Standards) Rules, | 2015. These | results ha | ve been | reviewed by | the Audit |\n| Committee and app | roved by the Boa | rd of Directors | at its meeting hel | d on July 10, 2 | 025. The st | atutory a | uditors have | expressed |\n| an unmodified audi | t opinion on these | results. |  |  |  |  |  |  |\n| The Board of Direct | ors at its meeting | held on July 1 | 0, 2025, has declar | ed an interim | dividend o | n11.oo p | er equity sh | are. |\n| The results for | three month | s ended J | une 30, 2025, | are avail | able on | the B | SE Limited | website |\n| (URL: www.bseindia | .com), the Nation | al Stock Excha | nge of India Limited | website (URL | : www.nsei | ndia.com | ) and on the | Company's |\n| website (URL: www. | tcs.com/investors | ). |  |  |  |  |  |  |\n|  |  |  |  |  | For and on KUN | behalf o CHITHAM | f the Board o Digitally signed by | f Directors KUNCHITHAM |\n| Mumbai |  |  |  |  | KRIT | HIVASAN K Krit | KRITHIVASAN Date: 2025.07.10 14 hivasan | :45:14 +05'30' |\n| July 10, 2025 |  |  |  |  | CEO | and Man | aging Direct | or |", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 10, "section": "’\nIndependent Auditors Report", "subsection": "Earnings per equity share:- Basic and diluted (f) \n35.27 \n33.79 \nDividend per share (Par value fl each) \nInterim dividend on equity shares (f) \n11.00 \n-", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "02002bc6398a26b9", "content": "[TABLE] Company: TCS | Year: FY2025 | Section: ’\nIndependent Auditors Report > Report on the audit of the Standalone Financial Results | Page: 11\n\n| B S R & | Co. | LLP |  | Nesco IT Park 4, N Western Express H | esco Center ighway |  |\n|---|---|---|---|---|---|---|\n| Chartered Accou | ntants |  |  | Goregaon (East), M Telephone: +91 (22 | umbai – 40 ) 6257 1000 | 0 063, India |\n|  |  |  |  | Fax: +91 (22) 6257 | 1010 |  |\n|  |  |  |  | Independent A | uditor | s Report ’ |\n| To the Board | of Direct | ors of Ta | ta Con | sultancy Services Li | mited |  |\n| Report on the | audit of | the Stan | dalone | Financial Results |  |  |\n| Opinion |  |  |  |  |  |  |\n| We have audited t | he accompa | nying stand | alone qu | arterly financial results of T | ata Consu | ltancy Services |\n| Limited (“the Com | pany”) for th | e quarter en | ded 30 J | une 2025, attached herewi | th, being s | ubmitted by the |\n| Company pursuan | t to the req | uirement of | Regulatio | n 33 of the Securities and | Exchange | Board of India |\n| (Listing Obligatio | ns and Di | sclosure R | equirem | ents) Regulations, 2015, | as ame | nded (\"Listing |\n| Regulations\"). |  |  |  |  |  |  |\n| In our opinion and | to the best | of our info | rmation a | nd according to the expla | nations giv | en to us, these |\n| standalone financi | al results: |  |  |  |  |  |\n| a. are presented | in accordan | ce with the | requirem | ents of Regulation 33 of the | Listing Re | gulations in this |\n| regard; and |  |  |  |  |  |  |\n| b. give a true an | d fair view in | conformity | with the | recognition and measurem | ent principl | es laid down in |\n| the applicable | accounting | standards, | and other | accounting principles gen | erally acce | pted in India, of |\n| the net profit a | nd other co | mprehensiv | e income | and other financial informa | tion for the | quarter ended |\n| 30 June 2025. |  |  |  |  |  |  |\n| Basis for Opinion |  |  |  |  |  |  |\n| We conducted our | audit in ac | cordance w | ith the St | andards on Auditing (“SAs | ”) specifie | d under section |\n| 143(10) of the Com | panies Act, | 2013 (“the A | ct”). Our | responsibilities under those | SAs are fu | rther described |\n| in the Auditor’s Re | sponsibilities | for the Aud | it of the S | tandaloneFinancial Result | s section o | f our report. We |\n| are independent | of the Comp | any, in ac | cordance | with the Code of Ethics | issued by | the Institute of |\n| Chartered Accoun | tants of India | together w | ith the et | hical requirements that are | relevant to | our audit of the |\n| financial statemen | ts under the | provisions | of the Act | , and the Rules thereunder | , and we h | ave fulfilled our |\n| other ethical respo | nsibilities in | accordanc | e with the | se requirements and the C | ode of Eth | ics. We believe |\n| that the audit evid | ence we hav | e obtained, | is sufficie | nt and appropriate to provi | de a basis | for our opinion. |\n| Management’s an | d Board of | Directors’ | Respons | ibilities for the Standalon | e Financia | l Results |\n| These quarterly fin | ancial result | s have bee | n prepare | d on the basis of the interi | m financial | statements. |\n| The Company’s M | anagement | and the Bo | ard of D | irectors are responsible fo | r the prepa | ration of these |\n| standalone financi | al results th | at give a tru | e and fair | view of the net profit/ loss | and other | comprehensive |\n| income and other | financial inf | ormation in | accordan | ce with the recognition an | d measure | ment principles |\n| laid down in Indian | Accounting | Standard | 34, ‘Interi | m Financial Reporting’ pre | scribed und | er Section 133 |\n| of the Act read wit | h relevant ru | les issued t | hereunde | r and other accounting pri | nciples gen | erally accepted |\n| in India and in com | pliance with | Regulation | 33 of the | Listing Regulations. This r | esponsibili | ty also includes |\n| maintenance of ad | equate acco | unting recor | ds in acc | ordance with the provisions | of the Act f | or safeguarding |\n| of the assets of th | e Company | and for pre | venting a | nd detecting frauds and ot | her irregula | rities; selection |\n| and application of | appropriate | accounting | policies; | making judgments and esti | mates that | are reasonable |\n| and prudent; and t | he design, im | plementati | on and m | aintenance of adequate inte | rnal financi | al controls, that |\n| were operating eff | ectively for e | nsuring acc | uracy an | d completeness of the acco | unting reco | rds, relevant to |\n| the preparation an | d presentati | on of the sta | ndalone | financial results that give a | true and fa | ir view and are |\n| free from material | misstatemen | t, whether | due to fra | ud or error. |  |  |\n| In preparing the st | andalone fin | ancial result | s, the Ma | nagement and the Board o Registered Office: | f Directors | are responsible |\n| B S R & Co. (a partnership firm Limited Liability Partnership with | with Registration No. LLP Registration No | BA61223) converte . AAB-8181) with ef | d into B S R & C fect from Octob | o. LLP (a 14th Floor, Central B Wing er 14, 2013 Center, Western Express H | and North C Wing, ighway, Goregaon | Nesco IT Park 4, Nesco (East), Mumbai - 400063 Page 1 of 3 |", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 11, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Standalone Financial Results", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "3ec7ac306cb691f8", "content": "[TABLE] Company: TCS | Year: FY2025 | Section: ’\nIndependent Auditors Report > Report on the audit of the Standalone Financial Results | Page: 12\n\n| B S R & C | o. LL | P |  |  |  |  |\n|---|---|---|---|---|---|---|\n|  |  |  | Indep | endent Auditor’ | s Report | (Continued) |\n|  |  |  |  | Tata Consulta | ncy Servi | ces Limited |\n| for assessing t | he Co | mpany’s ability to c | ontinue as | a going concern, discl | osing, as ap | plicable, matters |\n| related to going | conce | rn and using the g | oing conce | rn basis of accounting | unless the B | oard of Directors |\n| either intends to | liquid | ate the Company o | r to cease | operations, or has no re | alistic alterna | tive but to do so. |\n| The Board of D | irector | s are also responsi | ble for over | seeing the Company’s | financial rep | orting process. |\n| Auditor’s Resp | onsib | ilities for the Aud | it of the St | andalone Financial Re | sults |  |\n| Our objectives | are to | obtain reasonable | assurance | about whether the stan | dalone fina | ncial results as a |\n| whole are free f | rom m | aterial misstateme | nt, whether | due to fraud or error, a | nd to issue a | n auditor’s report |\n| that includes ou | r opini | on. Reasonable as | surance is | a high level of assuranc | e, but is not | a guarantee that |\n| an audit condu | cted in | accordance with | SAs will al | ways detect a material | misstatemen | t when it exists. |\n| Misstatements | can ari | se from fraud or err | or and are | considered material if, in | dividually or | in the aggregate, |\n| they could reas | onably | be expected to in | fluence the | economic decisions o | f users take | n on the basis of |\n| these standalon | e fina | ncial results. |  |  |  |  |\n| As part of an au | dit in a | ccordance with SA | s, we exer | cise professional judgm | ent and main | tain professional |\n| skepticism thro | ughout | the audit. We also | : |  |  |  |\n| – Identify and | asses | s the risks of mater | ial misstate | ment of the standalone | financial res | ults, whether due |\n| to fraud or | error, | design and perfor | m audit pro | cedures responsive to | those risks, | and obtain audit |\n| evidence th | at is s | ufficient and appro | priate to pro | vide a basis for our opi | nion. The ris | k of not detecting |\n| a material | misstat | ement resulting fro | m fraud is | higher than for one resu | lting from er | ror, as fraud may |\n| involve coll | usion, f | orgery, intentional | omissions, | misrepresentations, or t | he override o | f internal control. |\n| – Obtain an | underst | anding of internal | control rele | vant to the audit in ord | er to design | audit procedures |\n| that are ap | propria | te in the circumst | ances, but | not for the purpose of | expressing a | n opinion on the |\n| effectivene | ss of th | e company’s inter | nal control. |  |  |  |\n| – Evaluate th | e app | ropriateness of ac | counting p | olicies used and the re | asonablene | ss of accounting |\n| estimates a | nd rel | ated disclosures in | the standa | lone financial results m | ade by the | Management and |\n| Board of Di | rectors | . |  |  |  |  |\n| – Conclude o | n the | appropriateness o | f the Mana | gement’s and Board o | f Directors’ | use of the going |\n| concern b | asis of | accounting and, | based on | the audit evidence o | btained, wh | ether a material |\n| uncertainty | exists | related to events | or condition | s that may cast signific | ant doubt o | n the Company's |\n| ability to c | ontinue | as a going conc | ern. If we | conclude that a materi | al uncertaint | y exists, we are |\n| required to | draw a | ttention in our aud | itor’s report | to the related disclosur | es in the sta | ndalone financial |\n| results or, i | f such | disclosures are in | adequate, t | o modify our opinion. O | ur conclusio | ns are based on |\n| the audit ev | idence | obtained up to the | date of our | auditor’s report. Howev | er, future eve | nts or conditions |\n| may cause | the Co | mpany to cease to | continue a | s a going concern. |  |  |\n| – Evaluate th | e over | all presentation, st | ructure and | content of the standalo | ne financial | results, including |\n| the disclos | ures, a | nd whether the st | andalone fi | nancial results represen | t the underl | ying transactions |\n| and events | in a m | anner that achieve | s fair prese | ntation. |  |  |\n| We communica | te with | those charged with | governanc | e regarding, among oth | er matters, th | e planned scope |\n| and timing of th | e audit | and significant aud | it findings, i | ncluding any significant | deficiencies | in internal control |\n| that we identify | during | our audit. |  |  |  |  |\n| We also provid | e thos | e charged with gov | ernance w | ith a statement that we | have compl | ied with relevant |\n| ethical requirem | ents r | egarding independ | ence, and t | o communicate with th | em all relatio | nships and other |\n| matters that m | ay rea | sonably be though | t to bear o | n our independence, a | nd where a | pplicable, related |\n| safeguards. |  |  |  |  |  |  |\n| Other Matter |  |  |  |  |  |  |\n| Attention is dra | wn to t | he fact that the figu | res for the | 3 months ended 31 Ma | rch 2025 as | reported in these |\n| standalone fina | ncial re | sults are the balan | cing figures | between audited figure | s in respect o | f the full previous |\n| financial year a | nd the | published audited y | ear to date | figures up to the third qu | arter of the | previous financial |\n|  |  |  |  |  |  | Page 2 of 3 |", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 12, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Standalone Financial Results", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d3c1f8752e7f97cf", "content": "[TABLE] Company: TCS | Year: FY2025 | Section: ’\nIndependent Auditors Report > ANIRUDDHA \nSHREEKANT \nGODBOLE | Page: 13\n\n| B S R & Co. LLP |  |\n|---|---|\n| Independent Audi | tor’s Report (Continued) |\n| Tata Cons | ultancy Services Limited |\n| year. |  |\n|  | For B S R & Co. LLP |\n|  | Chartered Accountants |\n| Firm’s Regist | ration No.:101248W/W-100022 |\n| ANIRUD SHREEK | DHA Digitally signed by ANIRUDDHA SHREEKANT ANT GODBOLE |\n| GODBO | Date: 2025.07.10 15:11:56 LE +05'30' |\n|  | Aniruddha Godbole |\n|  | Partner |\n| Mumbai | Membership No.: 105149 |\n| 10 July 2025 | UDIN:25105149BMLWZH2986 |\n|  | Page 3 of 3 |", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 13, "section": "’\nIndependent Auditors Report", "subsection": "ANIRUDDHA \nSHREEKANT \nGODBOLE", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "5ac24f38e1cc47aa", "content": "[TABLE] Company: TCS | Year: FY2025 | Section: ’\nIndependent Auditors Report > Dividend per share (Par value fl each) \nInterim dividend on equity shares (t) \n11.00 \n-\nFinal dividend on equity shares (t) \n-\n30.00 \nTotal dividend on equity shares (t) \n11.00 \n30.00 | Page: 14\n\n|  |  |  | Tel: +9122 6 | CIN: L22210MH1995PLC08478 778 9595 e-mail: investor.relations@tcs.co | 1 m Website: www.t | cs.com |  |  |\n|---|---|---|---|---|---|---|---|---|\n|  |  |  | Audi | ted Standalone Interim Statement of | Financial Results Three month | s ended | ( Year e | ' crore) nded |\n|  |  |  |  | June 3 2025 | 0, March 2025 | 31, June 3 2024 | 0, Marc 202 | h 31, 5 |\n| Revenue f | rom operat | ions |  |  | 52,788 | 54,136 | 52,844 | 214,853 |\n| Other inc TOTAL IN | ome COME |  |  |  | 2,703 55,491 | 1,922 56,058 | 2,417 55,261 | 9,642 224,495 |\n| Expenses Employ | ee benefit e | xpenses |  |  | 27,640 | 27,215 | 26,657 | 107,300 |\n| Cost of | equipment | and softw | are licences |  | 623 | 2,673 | 2,073 | 11,372 |\n| Finance | costs |  |  |  | 171 | 201 | 145 | 703 |\n| Depreci | ation and a | mortisatio | n expense |  | 1,103 | 1,118 | 969 | 4,220 |\n| Other e TOTAL EX PROFIT B | xpenses PENSES EFORE TAX |  |  |  | 9,768 39,305 16,186 | 10,179 41,386 14,672 | 9,539 39,383 15,878 | 38,252 161,847 62,648 |\n| Tax Expen Current | se tax |  |  |  | 3,660 | 3,774 | 3,809 | 14,823 |\n| Deferre TOTAL TA PROFIT F OTHER C Items t | d tax X EXPENSE OR THE PER OMPREHEN hat will not | IOD SIVE INCO be reclass | ME (OCI) ified subseque | ntly to profit or loss | (26) 3,634 12,552 | (218) 3,556 11,116 | (46) 3,763 12,115 | (232) 14,591 48,057 |\n| Reme Income loss Items t Net c | asurement tax on item hat will be r hange in fai | of defined s that will eclassified r values of | employee ben not be reclass subsequently investments ot | efit plans ified subsequently to profit or to profit or loss her than | (1) 0 207 | (151) 38 281 | (15) 4 54 | (180) 45 593 |\n| equity Net c | shares car hange in int | ried at fair rinsic value | value through of derivatives | OCI designated as | 9 | (18) | 4 | 1 |\n| cash f Net c cash f | low hedges hange in tim low hedges | e value of | derivatives des | ignated as | (40) | (9) | 1 | (9) |\n| Income TOTAL OT | tax on item HER COMP | s that will REHENSIV | be reclassified E INCOME/ (L | subsequently to profit or loss OSSES) | (44) 131 | (63) 78 | (14) 34 | (146) 304 |\n| TOTAL CO Paid up e | MPREHEN quity share | SIVE INCO capital (Fac | ME FOR THE P e value: ,1 per | ERIOD share) | 12,683 362 | 11,194 362 | 12,149 362 | 48,361 362 |\n| Total rese Earnings | rves per equit | y share:- | Basic and dil | uted (t) | 34.69 | 30.72 | 33.48 | 75,255 132.83 |\n| Dividend Interim d | per share ( ividend o | Par value n equity | fl each) shares (t) |  | 11.00 | - | 10.00 | 96.00 |\n| Final div | idend on | equity sh | ares (t) |  | - | 30.00 | - | 30.00 |\n| Total div | idend on | equity sh | ares (t) |  | 11.00 | 30.00 | 10.00 | 126.00 |\n| Tota I eq | uity divide | nd perce | ntage |  | 1,100 | 3,000 | 1,000 | 12,600 |", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 14, "section": "’\nIndependent Auditors Report", "subsection": "Dividend per share (Par value fl each) \nInterim dividend on equity shares (t) \n11.00 \n-\nFinal dividend on equity shares (t) \n-\n30.00 \nTotal dividend on equity shares (t) \n11.00 \n30.00", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "3e5bca18953644d2", "content": "[TABLE] Company: TCS | Year: FY2025 | Section: ’\nIndependent Auditors Report > Dividend per share (Par value fl each) \nInterim dividend on equity shares (t) \n11.00 \n-\nFinal dividend on equity shares (t) \n-\n30.00 \nTotal dividend on equity shares (t) \n11.00 \n30.00 | Page: 15\n\n| ct explanat | ory not | es to the | Statement of | Audited | Sta | ndalone | Interim Financi | al Results for | the | thre | e months end | ed June 30, |\n|---|---|---|---|---|---|---|---|---|---|---|---|---|\n| 5 |  |  |  |  |  |  |  |  |  |  |  |  |\n| Audited Sta | ndalone | Interim | Statement of | Financial | Re | sults for | the three mont | hs ended Jun | e 30 | , 202 | 5 have been | prepared in |\n| accordance | with th | e Indian | Accounting St | andard ( | ref | erred to | as \"Ind AS\") 34 | - Interim Fin | anci | al Re | porting prescr | ibed under |\n| Section 133 | of the | Compani | es Act, 2013 r | ead with | Co | mpanies | (Indian Account | ing Standard | s) Ru | les a | s amended fr | om time to |\n| time. Audite | d Stand | alone Int | erim Statemen | t of Fina | ncia | l Results | for the three mo | nths ended | Marc | h 31, | 2025 have bee | n prepared |\n| on the basi | s of th | e audited | standalone f | inancial | sta | tements | for the year e | nded March | 31, | 2025, | the audited | condensed |\n| standalone | interim | financial | statements up | to the en | d o | f the sec | ond quarter and | audited stan | dalon | e int | erim financial | statements |\n| of the third | quarte | r of the y | ear ended Ma | rch 31, 2 | 02 | 5, which | are prepared in | accordance | with | the | Ind AS notified | under the |\n| Companies | (Indian | Accounti | ng Standards) | Rules, 20 | 15. | These re | sults have been | reviewed by | the A | udit | Committee an | d approved |\n| by the Boar | d of Dire | ctors at i | ts meeting hel | d on July | 10, | 2025. Th | e statutory audit | ors have exp | resse | d an | unmodified au | dit opinion |\n| on these re | sults. |  |  |  |  |  |  |  |  |  |  |  |\n| The Board o | f Direct | ors at its | meeting held o | n July 10 | , 2 | 025, has | declared an inte | rim dividend | of ~1 | 1.00 | per equity sha | re. |\n| The result | s for | three | months e | nded J | une | 30, | 2025, are a | vailable o | n t | he | BSE Limited | website |\n| (URL: www. | bseindia | .com), th | e National Sto | ck Exchan | ge | of India | Limited website | (URL: www.n | seind | ia.co | m) and on the | Company's |\n| website (UR | L: www | .tcs.com/ | investors). |  |  |  |  |  |  |  |  |  |\n|  |  |  |  |  |  |  |  | For and | on b | ehal | f of the Board | of Directors |\n|  |  |  |  |  |  |  |  | K | UNCH | ITHA | M Digitally signed by KUN KRITHIVASAN | CHITHAM |\n| Mumbai |  |  |  |  |  |  |  | K | RITHIV | ASAN K K | Date:2025.07.1014:46: rithivasan | 45+o5'30' |\n| July 10, 2025 |  |  |  |  |  |  |  |  | CEO | and | Managing Dire | ctor |\n|  |  |  |  |  |  |  |  |  |  | DIN: | 10106739 |  |", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 15, "section": "’\nIndependent Auditors Report", "subsection": "Dividend per share (Par value fl each) \nInterim dividend on equity shares (t) \n11.00 \n-\nFinal dividend on equity shares (t) \n-\n30.00 \nTotal dividend on equity shares (t) \n11.00 \n30.00", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "5a4c2a2b02f4d7d1", "content": "[TABLE] Company: TCS | Year: FY2025 | Section: ’\nIndependent Auditors Report > Yashaswin Sheth \nCompany Secretary\nACS 15388 | Page: 16\n\n| This is to infor | m you that | pursuant to NSE | circul | ar no |\n|---|---|---|---|---|\n| BSE Circular no. | 20230714-34 | dated July 14, 2023, | the m | eeting |\n| of the Company w | as held today, | July 10, 2025,at 11.3 | 0 a.m. | and co |\n| Thanking you, |  |  |  |  |\n| Yours faithfully, |  |  |  |  |\n| For Tata Consulta | ncy Services | Limited |  |  |\n| Yashaswin Sheth |  |  |  |  |\n| Company Secreta | ry |  |  |  |\n| ACS 15388 |  |  |  |  |\n|  | 9th Floor N | irmal Building Nariman Point | Mumbai | 400 021 |\n| Tel 91 22 6 | 778 9595 Fax 91 22 | 6630 3672 e-mail corporate.o | ffice@tc | s.com we |\n| R | egistered Office 9t | h Floor Nirmal Building Narim | an Point | Mumbai |\n|  | Corporate | Identity No. (CIN): L22210MH | 1995PLC | 084781 |", "company": "TCS", "ticker": "TCS", "source_file": "TCS-1.pdf", "fiscal_year": "FY2025", "page_number": 16, "section": "’\nIndependent Auditors Report", "subsection": "Yashaswin Sheth \nCompany Secretary\nACS 15388", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "69c6689b828be16f", "content": "TCS/BM/SE/117/2025-26 National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G, P. J. Towers, Bandra Kurla Complex, Bandra (East) Dalal Street, Mumbai - 400051 Mumbai - 400001 Symbol - TCS Scrip Code No. 532540 Sub: Financial Results for the quarter and six-month period ended September 30, 2025, and declaration of second interim dividend We enclose the audited standalone financial results of the Company and audited consolidated financial results of the Company and its subsidiaries for the quarter and six-month period ended September 30, 2025, under Indian Accounting Standards, which have been approved and taken on record at a meeting of the Board of Directors of the Company held today. We would like to inform you that at the Board Meeting held today, the Directors have declared second interim dividend of INR 11 per Equity Share of INR 1 each of the Company. The second interim dividend shall be paid on Tuesday, November 4, 2025, to the equity shareholders of the Company whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Wednesday, October 15, 2025, which is the Record Date, fixed for the purpose. The above information is also available on the website of the Company www.tcs.com Yours faithfully, For Tata Consultancy Services Limited YASHASWIN NARENDRA SHETH Digitally signed by YASHASWIN NARENDRA SHETH Date: 2025.10.09 15:47:26 +05'30'", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 1, "section": "Introduction", "subsection": "Yashaswin Sheth \nCompany Secretary \nACS 15388", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2389e7cfcf021e5a"}, {"chunk_id": "3862a30226a62ba3", "content": "Yours faithfully, For Tata Consultancy Services Limited YASHASWIN NARENDRA SHETH Digitally signed by YASHASWIN NARENDRA SHETH Date: 2025.10.09 15:47:26 +05'30' Yashaswin Sheth Company Secretary ACS 15388 cc: 1. National Securities Depository Limited 2. Central Depository Services (India) Limited 3. MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited) 9th Floor Nirmal Building Nariman Point Mumbai 400 021 Tel 91 22 6778 9595 Fax 91 22 6630 3672 e-mail corporate.office@tcs.com website www.tcs.com Registered Office 9th Floor Nirmal Building Nariman Point Mumbai 400 021 Corporate Identity No. (CIN): L22210MH1995PLC084781", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 1, "section": "Introduction", "subsection": "Yashaswin Sheth \nCompany Secretary \nACS 15388", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2389e7cfcf021e5a"}, {"chunk_id": "026e7554bfe4153d", "content": "’ Independent Auditors Report To the Board of Directors of Tata Consultancy Services Limited Report on the audit of the Consolidated Financial Results We have audited the accompanying Statement of Consolidated Financial Results of Tata Consultancy Services Limited (“Holding Company”) and its subsidiaries (Holding Company and its subsidiaries together referred to as “the Group”), for the quarter ended 30 September 2025 and for the period from 01 April 2025 to 30 September 2025, (“the Statement”), being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (\"Listing Regulations\"). In our opinion and to the best of our information and according to the explanations given to us, the Statement: a. includes the results of the entities mentioned in Annexure I to the Statement: b. is presented in accordance with the requirements of Regulation 33 of the Listing Regulations as amended; and c. gives a true and fair view in conformity with the applicable accounting standards, and other accounting principles generally accepted in India, of consolidated total comprehensive income (comprising of net profit and other comprehensive income) and other financial information of the Group for the quarter ended 30 September 2025 and for the period from 01 April 2025 to 30 September 2025.", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 3, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Consolidated Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b6fcfb554b7161ae"}, {"chunk_id": "d606505188d774e8", "content": "profit and other comprehensive income) and other financial information of the Group for the quarter ended 30 September 2025 and for the period from 01 April 2025 to 30 September 2025. We conducted our audit in accordance with the Standards on Auditing (“SAs”) specified under section 143(10) of the Companies Act, 2013 (“the Act”). Our responsibilities under those SAs are further described in the Auditor’s Responsibilities for the Audit of the Consolidated Financial Results section of our report. We are independent of the Group in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act, and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained, is sufficient and appropriate to provide a basis for our opinion on the consolidated financial results. Management’s and Board of Directors’/Trustees' Responsibilities for the Consolidated Financial Results These quarterly consolidated financial results as well as the year to date consolidated financial results have been prepared on the basis of the consolidated interim financial statements. The Holding Company’s Management and the Board of Directors are responsible for the preparation and", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 3, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Consolidated Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b6fcfb554b7161ae"}, {"chunk_id": "640eee866e3647da", "content": "have been prepared on the basis of the consolidated interim financial statements. The Holding Company’s Management and the Board of Directors are responsible for the preparation and presentation of these consolidated financial results that give a true and fair view of the consolidated net profit/ loss and other comprehensive income and other financial information of the Group in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, ‘Interim Financial Reporting’ prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Management and Board of Directors/Trustees of the companies/entities included in the Group are responsible for maintenance of adequate accounting records B S R & Co. (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP (a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013 14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063 in accordance with the provisions of the Act for safeguarding of the assets of each company/entity and for preventing and detecting frauds and other irregularities; selection and application of appropriate", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 3, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Consolidated Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b6fcfb554b7161ae"}, {"chunk_id": "52ec1f337c2ae39c", "content": "in accordance with the provisions of the Act for safeguarding of the assets of each company/entity and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the consolidated financial results by the Management and the Board of Directors of the Holding Company, as aforesaid. In preparing the consolidated financial results, the respective Management and the Board of Directors/Trustees of the companies/entities included in the Group are responsible for assessing the ability of each company/entity to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors/Trustees either intends to liquidate the company/entity or to cease operations, or has no realistic alternative but to do so.", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 3, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Consolidated Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b6fcfb554b7161ae"}, {"chunk_id": "5707e074c51ff2db", "content": "Directors/Trustees either intends to liquidate the company/entity or to cease operations, or has no realistic alternative but to do so. The respective Board of Directors/Trustees of the companies/entities included in the Group is responsible for overseeing the financial reporting process of each company/entity. Auditor’s Responsibilities for the Audit of the Consolidated Financial Results Our objectives are to obtain reasonable assurance about whether the consolidated financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial results. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: – Identify and assess the risks of material misstatement of the consolidated financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 3, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Consolidated Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b6fcfb554b7161ae"}, {"chunk_id": "8c0461973191a9d6", "content": "Identify and assess the risks of material misstatement of the consolidated financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. – Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group’s internal control. – Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the consolidated financial results made by the Management and Board of Directors.", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 3, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Consolidated Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "b6fcfb554b7161ae"}, {"chunk_id": "c5a295b72a86ffc5", "content": "– Conclude on the appropriateness of the Management’s and Board of Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the appropriateness of this assumption. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the consolidated financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Group to cease to continue as a going concern. – Evaluate the overall presentation, structure and content of the consolidated financial results, including the disclosures, and whether the consolidated financial results represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance of the Holding Company and such other entities included in the consolidated financial results of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 8, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Consolidated Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ec79ad4d6235d3ac"}, {"chunk_id": "2c8cf81fdcfb68c0", "content": "other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable. Chartered Accountants Firm’s Registration No.:101248W/W-100022 Mumbai Membership No.: 105149 09 October 2025 UDIN:25105149BMLXAG4142 The consolidated financial results include financial results of the Holding Company and the following entities: Sr. No Name of component Relationship 1 APTOnline Limited Subsidiary 2 C-Edge Technologies Limited Subsidiary 3 Diligenta Limited Subsidiary 4 MahaOnline Limited Subsidiary 5 MP Online Limited Subsidiary 6 Tata America International Corporation Subsidiary 7 Tata Consultancy Services (Africa) (Proprietary) Ltd. Subsidiary 8 Tata Consultancy Services Asia Pacific Pte Ltd. Subsidiary 9 Tata Consultancy Services Belgium Subsidiary 10 Tata Consultancy Services Canada Inc. Subsidiary 11 Tata Consultancy Services Deutschland GmbH Subsidiary 12", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 8, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Consolidated Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ec79ad4d6235d3ac"}, {"chunk_id": "be785c5e47989908", "content": "Tata Consultancy Services Asia Pacific Pte Ltd. Subsidiary 9 Tata Consultancy Services Belgium Subsidiary 10 Tata Consultancy Services Canada Inc. Subsidiary 11 Tata Consultancy Services Deutschland GmbH Subsidiary 12 Tata Consultancy Services Netherlands B.V. Subsidiary 13 Tata Consultancy Services Qatar Subsidiary 14 Tata Consultancy Services Sverige Aktiebolag Subsidiary 15 TCS e-Serve International Limited Subsidiary 16 TCS FNS Pty Limited Subsidiary 17 TCS Iberoamerica SA Subsidiary 18 PT Tata Consultancy Services Indonesia, PT Subsidiary 19 Tata Consultancy Services (China) Co., Ltd. Subsidiary 20 Tata Consultancy Services (Philippines) Inc. Subsidiary 21 Tata Consultancy Services (Thailand) Limited Subsidiary 22 MGDC S.C. Subsidiary 23 Tata Consultancy Services Argentina S.A. Subsidiary 24 Tata Consultancy Services De Mexico, S.A. De C.V. Subsidiary 25 Tata Consultancy Services Do Brasil Ltda. Subsidiary 26 TCS Inversiones Chile Limitada Subsidiary Sr. No Name of component Relationship 27 Tata Consultancy Services France Subsidiary 28 TCS Uruguay S.A. Subsidiary 29 TCS Solution Center S.A. Subsidiary 30 Tata Consultancy Services De Espana S.A. Subsidiary 31 Tata Consultancy Services Luxembourg S.A. Subsidiary 32 Tata Consultancy Services Osterreich GmbH Subsidiary 33 Tata Consultancy Services Saudi Arabia Subsidiary 34 Tata Consultancy Services Switzerland Ltd Subsidiary 35 TCS Business Services GmbH Subsidiary 36 Tata Consultancy Services Ireland Limited Subsidiary 37 TCS Technology Solutions GmbH", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 8, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Consolidated Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ec79ad4d6235d3ac"}, {"chunk_id": "6f7c215f5dbb26c2", "content": "Subsidiary 34 Tata Consultancy Services Switzerland Ltd Subsidiary 35 TCS Business Services GmbH Subsidiary 36 Tata Consultancy Services Ireland Limited Subsidiary 37 TCS Technology Solutions GmbH Subsidiary 38 Tata Consultancy Services Bulgaria EOOD Subsidiary 39 Tata Consultancy Services Guatemala, S.A. Subsidiary 40 Tata Consultancy Services UK Limited Subsidiary 41 Diligenta (Europe) B.V. Subsidiary 42 TCS Foundation Subsidiary 43 Tata Consultancy Services Japan, Ltd. Subsidiary 44 Tata Consultancy Services Malaysia Sdn. Bhd. Subsidiary 45 Tata Consultancy Services Italia S.R.L. Subsidiary 46 Tata Consultancy Services (South Africa) (Proprietary) Ltd. Subsidiary 47 Tata Consultancy Services Chile S.A. Subsidiary 48 Tatasolution Center S.A. Subsidiary 49 Tata Consultancy Services (Portugal), Unipessoal Lda Subsidiary 50 TCS Financial Solutions Australia Pty Limited Subsidiary 51 TCS Financial Solutions Beijing Co., Ltd. (Merged with Tata Consultancy Services (China) Co., Ltd. w.e.f. 01 July 2024) 52 TRIL Bengaluru Real Estate Five Limited (Acquired w.e.f 29 January 2025) 53 TRIL Bengaluru Real Estate Six Limited (Acquired w.e.f 29 January 2025) Sr. No Name of component Relationship 54 Tata Sons & Consultancy Services Employees’ Welfare Trust Trust 55 TCS e-Serve International Limited - Employees’ Welfare Benefit Trust TATA CONSULTANCY SERVICES LIMITED Registered Office: 9th Floor, Nirmal Building, Nariman Point, Mumbai 400 021 CIN: L22210MH1995PLC084781", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 8, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Consolidated Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ec79ad4d6235d3ac"}, {"chunk_id": "691a04129186dabf", "content": "55 TCS e-Serve International Limited - Employees’ Welfare Benefit Trust TATA CONSULTANCY SERVICES LIMITED Registered Office: 9th Floor, Nirmal Building, Nariman Point, Mumbai 400 021 CIN: L22210MH1995PLC084781 Tel: +91 22 6778 9595 e-mail: investor.relations@tcs.com Website: www.tcs.com Audited Consolidated Interim Statement of Financial Results Three months ended Six months ended September 30, June 30, September 30, September 30, September 30, 2025 2025 2024 2025 2024 Revenue from operations 65,799 63,437 64,259 1,29,236 1,26,872 Other i ncome 867 1,660 729 2,527 1,691 TOTAL INCOME 66,666 65,097 64,988 1,31,763 1,28,563 Expenses Employee benefit expenses 38,606 37,715 36,654 76,321 73,070 Cost of equipment and software Ii cences 967 726 3,230 1,693 5,381 Finance costs 229 195 162 424 335 Depreciation and amortisation expense 1,413 1,361 1,266 2,774 2,486 Other expenses 8,248 8,121 7,644 16,369 15,028 TOTAL EXPENSES 49,463 48,118 48,956 97,581 96,300 PROFIT BEFORE EXCEPTIONAL ITEM AND TAX 17,203 16,979 16,032 34,182 32,263 Exceptional item Re-structuring expenses 1,135 - - 1,135 - PROFIT BEFORE TAX 16,068 16,979 16,032 33,047 32,263 Tax expense Current tax 3,969 4,163 4,078 8,132 8,368 Deferred tax (32) (3) (1) (35) (165) TOTAL TAX EXPENSE 3,937 4,160 4,077 8,097 8,203 PROFIT FOR THE PERIOD 12,131 12,819 11,955 24,950 24,060 OTHER COMPREHENSIVE INCOME (OCI) Items that will not be reclassified subsequently to profit or loss Remeasurement of defined employee benefit plans 45 8 (38) 53 13 Net change in fair values of investments in equity shares - 38 (12) 38 (12) carried at fair va I ue through OCI", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 8, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Consolidated Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ec79ad4d6235d3ac"}, {"chunk_id": "c957774bc2bb3baf", "content": "Remeasurement of defined employee benefit plans 45 8 (38) 53 13 Net change in fair values of investments in equity shares - 38 (12) 38 (12) carried at fair va I ue through OCI Income tax on items that will not be reclassified subsequently to (7) (2) 10 (9) (8) Items that will be reclassified subsequently to profit or loss Net change in fairvalues of investments other than (354) 207 392 (147) 446 equity shares carried atfairvalue through OCI Net change in intrinsic value of derivatives designated as (20) 9 (14) (11) (10) cash flow hedges Net change in time value of derivatives designated as 18 (40) (23) (22) (22) cash flow hedges Exchange differences on translation of financial statements 649 1,105 835 1,754 543 of foreign operations", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 8, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Consolidated Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ec79ad4d6235d3ac"}, {"chunk_id": "580748b71591bcc3", "content": "loss TOTAL OTHER COMPREHENSIVE INCOME/ (LOSSES) 420 1,281 1,061 1,701 847 Income tax on items that will be reclassified subsequently to profit or 89 (44) (89) 45 (103) TOTAL COMPREHENSIVE INCOME FOR THE PERIOD 12,551 14,100 13,016 26,651 24,907 Profit for the period attributable to: Shareholders of the Company 12,075 12,760 11,909 24,835 23,949 Non-controlling interests 56 59 46 115 111 12,131 12,819 11,955 24,950 24,060 Other comprehensive income for the period attributable to: Shareholders of the Company 410 1,248 987 1,658 806 Non-controlling interests 10 33 74 43 41 Total comprehensive income for the period attributable to: Shareholders of the Company 12,485 14,008 12,896 26,493 24,755 Non-controlling interests 66 92 120 158 152 420 1,281 1,061 1,701 847 Paid up equity share capital (Face value: ~1 per share) 362 362 362 362 362 12,551 14,100 13,016 26,651 24,907 Total reserves (including Non-controlling interests) Earnings per equity share :- Basic and diluted (t) 33.37 35.27 32.92 68.64 66.20 Dividend per share (Par value fl each) Interim dividend on equity shares (t) 11.00 11.00 10.00 22.00 20.00 Final dividend on equity shares (t) - - - - - Total dividend on equity shares {t) 11.00 11.00 10.00 22.00 20.00 Total equity dividend percentage 1,100 1,100 1,000 2,200 2,000 TATA CONSULTANCY SERVICES LIMITED Audited Consolidated Interim Segment Information \"'crorel Six months ended Year ended September 30, June 30, September 30, 2025 2025 2024 September 30, September 30, March 31, 2025 2024 2025 SEGMENT REVENUE Banking, Financial Services and Insurance Manufacturing", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 12, "section": "’\nIndependent Auditors Report", "subsection": "Dividend per share (Par value fl each) \nInterim dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2d2e536b19386d88"}, {"chunk_id": "1596fb2223084580", "content": "\"'crorel Six months ended Year ended September 30, June 30, September 30, 2025 2025 2024 September 30, September 30, March 31, 2025 2024 2025 SEGMENT REVENUE Banking, Financial Services and Insurance Manufacturing Consumer Business Communication, Media and Technology 25,717 24,736 23,785 6,631 6,401 6,310 10,351 10,155 10,025 9,802 9,436 12,088 6,884 6,422 6,630 6,414 6,287 5,421 50,453 46,859 94,597 13,032 12,581 25,170 20,506 20,016 40,197 19,238 22,882 45,893 13,306 13,539 26,456 12,701 10,995 23,011 Life Sciences and Healthcare Others 65,799 63,437 64,259 1,29,236 1,26,872 2,55,324 SEGMENT RESULT Banking, Financial Services and Insurance Manufacturing Consumer Business Communication, Media and Technology 6,818 6,216 6,345 2,021 1,998 2,063 2,868 2,799 2,695 2,833 2,655 2,357 1,891 1,574 1,849 1,547 1,633 1,422 13,034 12,356 25,135 4,019 4,153 8,225 5,667 5,322 11,222 5,488 4,816 9,582 3,466 3,941 7,448 3,180 2,805 5,795 Life Sciences and Healthcare Others Unallocable expenses* 17,978 16,875 16,731 2,777 1,556 1,428 34,853 33,393 67,407 4,333 2,821 6,038 Operating income Other income 15,201 15,319 15,303 867 1,660 729 30,520 30,572 61,369 2,527 1,691 3,962 16,068 16,979 16,032 33,047 32,263 65,331 Note: The assets and liabilities of the Group are used interchangeably amongst segments. Allocation of such assets and liabilities is not practicable and any forced allocation would not result in any meaningful segregation. Hence, assets and liabilities have not been identified to any of the reportable segments. *Includes re-structuring expenses ofn,135 crore in the three and six months ended September 30, 2025. TATA CONSULTANCY SERVICES LIMITED Audited Consolidated Interim Balance Sheet ASSETS Non-current assets", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 12, "section": "’\nIndependent Auditors Report", "subsection": "Dividend per share (Par value fl each) \nInterim dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2d2e536b19386d88"}, {"chunk_id": "d690130106a5f07e", "content": "segments. *Includes re-structuring expenses ofn,135 crore in the three and six months ended September 30, 2025. TATA CONSULTANCY SERVICES LIMITED Audited Consolidated Interim Balance Sheet ASSETS Non-current assets Property, plant and equipment Capital work-in-progress Right-of-use assets Goodwill Other intangible assets Financial assets Investments Trade receivables Billed Unbilled Loans Otherfinancial assets Deferred tax assets (net) Income tax assets (net) 10,886 2,221 10,692 2,032 539 10,978 1,546 9,275 1,860 940 119 177 777 3,629 3,817 1,566 91 38 25 2,731 3,578 1,569 Total non-current assets Current assets Inventories Financial assets Investments Trade receivables Billed Unbilled Cash and cash equivalents Other balances with banks Loans Otherfinancial assets Income tax assets (net) Other assets Total current assets TOTAL ASSETS 54,182 9,122 6,358 8,095 9 1,951 676 15,251 1,34,499 1,75,219 50,142 8,904 8,342 7,121 9 2,742 257 14,784 1,23,011 1,59,629 EQUITY AND LIABILITIES Equity Share capital Other equity 362 106 053 Equity attributable to shareholders of the Company 1,06,415 Non-controlling interests 1,046 Total equity 1,07,461 Liabilities Non-current liabilities Financial liabilities Lease liabilities 9,192 Otherfinancial liabilities 579 Employee benefit obligations 913 Deferred tax liabilities (net) 1,081 Unearned and deferred revenue 709 Total non-current liabilities 12,474 Current liabilities Financial liabilities Lease liabilities 1,740 Trade payables 14,246 Otherfinancial liabilities 8,632 Unearned and deferred revenue 3,501 Other I ia bi I ities 7,293 Provisions 203", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 12, "section": "’\nIndependent Auditors Report", "subsection": "Dividend per share (Par value fl each) \nInterim dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2d2e536b19386d88"}, {"chunk_id": "ed4cf43438a39c44", "content": "Total non-current liabilities 12,474 Current liabilities Financial liabilities Lease liabilities 1,740 Trade payables 14,246 Otherfinancial liabilities 8,632 Unearned and deferred revenue 3,501 Other I ia bi I ities 7,293 Provisions 203 Employee benefit obligations 5,169 Income tax liabilities (net) 14,500 Total current liabilities 55,284 TOTAL EQUITY AND LIABILITIES 1,75,219 362 94,394 94,756 1,015 95,771 7,838 680 841 980 518 10,857 1,554 13,909 8,542 4,028 7,188 180 4,885 12,715 53,001 1,59,629 Select explanatory notes to the Statement of Audited Consolidated Interim Financial Results for three months and six-months ended September 30, 2025 1. Audited Consolidated Interim Statement of Financial Results for the three months and six-months ended September 30, 2025 have been prepared in accordance with the Indian Accounting Standard (referred to as \"Ind AS\") 34 - Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules as amended from time to time. These results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on October 9, 2025. The statutory auditors have expressed an unmodified audit opinion on these results. 2. Audited Consolidated Interim Statement of Cash Flows is attached in Annexure I. 3. In July 2025, the Group announced re-structuring initiatives. As a part of this initiative, the Group released / will release certain associates from the", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 12, "section": "’\nIndependent Auditors Report", "subsection": "Dividend per share (Par value fl each) \nInterim dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2d2e536b19386d88"}, {"chunk_id": "75f59333fef40744", "content": "3. In July 2025, the Group announced re-structuring initiatives. As a part of this initiative, the Group released / will release certain associates from the organisation whose deployment may not be feasible. Termination benefits have been provided as per policy devised for this purpose. Such termination benefits, due to their size, nature or occurrence are disclosed as \"Exceptional item\" in the audited consolidated interim financial results. 4. The Board of Directors at its meeting held on October 9, 2025, has declared an interim dividend of n1.oo per equity share. 5. The results for three months and six months ended September 30, 2025, are available on the BSE Limited website (URL: www.bseindia.com). the National Stock Exchange of India Limited website (URL: www.nseindia.com) and on the Company's website (URL: www.tcs.com/investors). For and on behalf of the Board of Directors KU N(H ITHAM Dlgltal~slgned byKUNCHITHAM KRITHIVASAN KRITHIVASAN Date,2025.10.09142321+05'30' Mumbai October 9, 2025 CEO and Managing Director DIN: 10106739 Audited Consolidated Interim Statement of Cash Flows CASH FLOWS FROM OPERATING ACTIVITIES Adjustments for: Depreciation and amortisation expense Profit for the period Bad debts and advances written off, allowance for expected credit losses and doubtful advances", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 12, "section": "’\nIndependent Auditors Report", "subsection": "Dividend per share (Par value fl each) \nInterim dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "2d2e536b19386d88"}, {"chunk_id": "9975dd9bed755d26", "content": "2,774 63 8,097 (15) {99) (1) {251) (43) (2,152) (18) 424 2,486 62 8,203 (12) {20) (8) {118) 5,242 128 16,534 (15) Tax expense Net gain on lease modification Unrealised foreign exchange gain Net gain on disposal of property, plant and equipment Net gain on disposal /fairvaluation of investments Net gain on fairvaluation of call option Interest income Dividend income Fina nee costs Operating profit before working capital changes Net change in Inventories Trade receivables Billed Unbilled Loans and other financial assets Other assets Trade payables Unearned and deferred revenue Otherfinancial liabilities Other liabilities and provisions {2,258) 134 583 (395) (1,046) (499) 623 161 (4,618) 1,075 (385) (918) 2,537 (346) (770) 758 (5,519) 291 (738) (2,552) 3,718 395 (119) 1,158 Cash flows generated from operations Taxes paid (net of refunds) Net cash flows generated from operating activities CASH FLOWS FROM INVESTING ACTIVITIES Bank deposits placed Inter-corporate deposits placed (4,563) (750) (73,527) (1,868) {56) (137) Purchase of investments Payment for purchase of property, plant and equipment Payment including advances for acquiring right-of-use assets Payment for purchase of intangible assets (68,972) (1,491) {91) (108) (145,962) (2,917) {76) Loan given Acquisition of assets Advance towards acquisition of investment Proceeds from bank deposits Proceeds from inter-corporate deposits 8,177 170 1,47,695 5 23 3,056 40 3 Proceeds from disposal/ redemption of investments Proceeds from sub-lease receivable Proceeds from disposal of property, plant and equipment Interest received", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 13, "section": "’\nIndependent Auditors Report", "subsection": "Dividend per share (Par value fl each) \nInterim dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ef6fd961d14feda0"}, {"chunk_id": "6f1414f60cf0e428", "content": "8,177 170 1,47,695 5 23 3,056 40 3 Proceeds from disposal/ redemption of investments Proceeds from sub-lease receivable Proceeds from disposal of property, plant and equipment Interest received Dividend received Loan recovered Net cash flows used in investing activities Audited Consolidated Interim Statement of cash Flows Six months ended Year ended September 30, September 30, March 31, CASH FLOWS FROM FINANCING ACTIVITIES Repayment of lease liabilities Interest paid Dividend paid Dividend paid to non-controlling interests (892) (835) (1,664) (14,834) (13,749) (44,864) Sale of shares to non-controlling interests Net cash flows used in financing activities Net change in cash and cash equivalents (16,305) (15,011) (47,438) (2,526) (1,080) (848) Cash and cash equivalents at the beginning of the period Exchange difference on translation of foreign currency cash and cash equivalents Components of cash and cash equivalents Balances with banks In current accounts In deposit accounts Cheques on hand cash and cash equivalents at the end of the period 3,266 5,443 4,907 -* -.. -* * * * - - - 2 1 14 6,358 8,155 8,342 Cash on hand Remittances intra nsit *Represents value less than ~0.50crore.", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 13, "section": "’\nIndependent Auditors Report", "subsection": "Dividend per share (Par value fl each) \nInterim dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "ef6fd961d14feda0"}, {"chunk_id": "a19310b6ca0a0e1c", "content": "’ Independent Auditors Report To the Board of Directors of Tata Consultancy Services Limited Report on the audit of the Standalone Financial Results We have audited the accompanying standalone quarterly financial results of Tata Consultancy Services Limited (“the Company”) for the quarter ended 30 September 2025 and the year-to-date results for the period from 01 April 2025 to 30 September 2025, attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (\"Listing Regulations\"). In our opinion and to the best of our information and according to the explanations given to us, these standalone financial results: a. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and b. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards, and other accounting principles generally accepted in India, of the net profit and other comprehensive loss and other financial information for the quarter ended 30 September 2025 as well as for the year to date results for the period from 01 April 2025 to 30 September 2025. We conducted our audit in accordance with the Standards on Auditing (“SAs”) specified under section", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 15, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Standalone Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4cf5ca399688cbb0"}, {"chunk_id": "eef9429ac5f68e62", "content": "September 2025 as well as for the year to date results for the period from 01 April 2025 to 30 September 2025. We conducted our audit in accordance with the Standards on Auditing (“SAs”) specified under section 143(10) of the Companies Act, 2013 (“the Act”). Our responsibilities under those SAs are further described in the Auditor’s Responsibilities for the Audit of the Standalone Financial Results section of our report. We are independent of the Company, in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act, and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained, is sufficient and appropriate to provide a basis for our opinion. Management’s and Board of Directors’ Responsibilities for the Standalone Financial Results These quarterly financial results as well as the year to date standalone financial results have been prepared on the basis of the interim financial statements. The Company’s Management and the Board of Directors are responsible for the preparation of these standalone financial results that give a true and fair view of the net profit/ loss and other comprehensive", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 15, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Standalone Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4cf5ca399688cbb0"}, {"chunk_id": "7778277f4b544432", "content": "The Company’s Management and the Board of Directors are responsible for the preparation of these standalone financial results that give a true and fair view of the net profit/ loss and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, ‘Interim Financial Reporting’ prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone financial results that give a true and fair view and are B S R & Co. (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP (a Limited Liability Partnership with LLP Registration No.", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 15, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Standalone Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4cf5ca399688cbb0"}, {"chunk_id": "b04a07f0bbcdcba8", "content": "B S R & Co. (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP (a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013 14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063 free from material misstatement, whether due to fraud or error. In preparing the standalone financial results, the Management and the Board of Directors are responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. The Board of Directors are also responsible for overseeing the Company’s financial reporting process. Auditor’s Responsibilities for the Audit of the Standalone Financial Results Our objectives are to obtain reasonable assurance about whether the standalone financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists.", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 15, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Standalone Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4cf5ca399688cbb0"}, {"chunk_id": "57aac6beb05371b7", "content": "that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone financial results. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: – Identify and assess the risks of material misstatement of the standalone financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. – Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company’s internal control. –", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 15, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Standalone Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4cf5ca399688cbb0"}, {"chunk_id": "2cca816e0470ec45", "content": "that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company’s internal control. – Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the standalone financial results made by the Management and Board of Directors.", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 15, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Standalone Financial Results", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "4cf5ca399688cbb0"}, {"chunk_id": "8ec2b71bb0ef7f99", "content": "– Conclude on the appropriateness of the Management’s and Board of Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the standalone financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern. – Evaluate the overall presentation, structure and content of the standalone financial results, including the disclosures, and whether the standalone financial results represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 19, "section": "’\nIndependent Auditors Report", "subsection": "Dividend per share (Par value fl each) \nInterim dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00 \nFinal dividend on equity shares (t) \n-\n-\n-\n-\n-\nTotal dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "81bf7c1626700e3d"}, {"chunk_id": "96f44eebca41610f", "content": "that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. Chartered Accountants Firm’s Registration No.:101248W/W-100022 Mumbai Membership No.: 105149 09 October 2025 UDIN:25105149BMLXAF2156 Registered Office: 9th Floor, Nirmal Building, Nariman Point, Mumbai 400 021 CIN: l22210MH 1995PLC084781 Tel: +91 22 6778 9595 e-mail: investor,relations@tcs.com Website: www.tcs.com Audited Standalone Interim Statement of Financial Results Three months ended Six months ended September 30, June 30, September 30, September 30, September 30, 2025 2025 2024 2025 2024 Revenue from operations 54,531 52,788 53,990 1,07,319 1,06,834 Other income 1,768 2,703 3,185 4,471 5,602 TOTAL INCOME 56,299 55,491 57,175 1,11,790 1,12,436 Expenses Employee benefit expenses 28,030 27,640 26,815 55,670 53,472 Cost of equipment and software I icences 775 623 3,163 1,398 5,236 Fina nee costs 203 171 146 374 291 Depreciation and amortisation expense 1,139 1,103 1,008 2,242 1,977 TOTAL EXPENSES 40,205 39,305 40,586 79,510 79,969 PROFIT BEFORE EXCEPTIONAL ITEM AND TAX 16,094 16,186 16,589 32,280 32,467 Exceptional item Re-structuring expenses 850 - - 850 - PROFIT BEFORE TAX 15,244 16,186 16,589 31,430 32,467 Othe r expenses 10,058 9,768 9,454 19,826 18,993 Current tax 3,437 3,660 3,602 7,097 7,411 Deferred tax (21) (26) (7) (47) (53) TOTAL TAX EXPENSE", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 19, "section": "’\nIndependent Auditors Report", "subsection": "Dividend per share (Par value fl each) \nInterim dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00 \nFinal dividend on equity shares (t) \n-\n-\n-\n-\n-\nTotal dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "81bf7c1626700e3d"}, {"chunk_id": "d5f605bda96c5b81", "content": "Exceptional item Re-structuring expenses 850 - - 850 - PROFIT BEFORE TAX 15,244 16,186 16,589 31,430 32,467 Othe r expenses 10,058 9,768 9,454 19,826 18,993 Current tax 3,437 3,660 3,602 7,097 7,411 Deferred tax (21) (26) (7) (47) (53) TOTAL TAX EXPENSE 3,416 3,634 3,595 7,050 7,358 OTHER COMPREHENSIVE INCOME (OCI) PROFIT FOR THE PERIOD 11,828 12,552 12,994 24,380 25,109 Items that will not be reclassified subsequently to profit or loss Remeasurement of defined employee benefit plans 2 (1) (35) 1 (SO) Income tax on items that will not be reclassified subsequently to profit - - 9 - 13 or loss Items that will be reclassified subsequently to profit or loss Net change in fair values of investments other than {354) 207 392 (147) 446 equity shares carried at fair value through OCI Net change in intrinsic value of derivatives designated as (20) 9 (14) (11) (10) cash flow hedges Net change in time value of derivatives designated as 18 (40) (23) (22) (22) cash flow hedges Income tax on items that will be reclassified subsequently to profit or 89 (44) (89) 45 (103) loss TOTAL OTHER COMPREHENSIVE INCOME/ (LOSSES) (265) 131 240 (134) 274 TOTAL COMPREHENSIVE INCOME FOR THE PERIOD 11,563 12,683 13,234 24,246 25,383 Paid up equity share ca pita I (Face va I ue : ~1 per share) 362 362 362 362 362 Dividend per share (Par value fl each) Interim dividend on equity shares (t) 11.00 11.00 10.00 22.00 20.00 Final dividend on equity shares (t) - - - - - Total dividend on equity shares (t) 11.00 11.00 10.00 22.00 20.00 Earnings perequityshare:-Basicand diluted (t)", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 19, "section": "’\nIndependent Auditors Report", "subsection": "Dividend per share (Par value fl each) \nInterim dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00 \nFinal dividend on equity shares (t) \n-\n-\n-\n-\n-\nTotal dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "81bf7c1626700e3d"}, {"chunk_id": "782c96d649d542f4", "content": "11.00 11.00 10.00 22.00 20.00 Final dividend on equity shares (t) - - - - - Total dividend on equity shares (t) 11.00 11.00 10.00 22.00 20.00 Earnings perequityshare:-Basicand diluted (t) 32.70 34.69 35.91 67.38 69.40 96.00 30.00 126.00 12,600 Total equity dividend percentage 1,100 1,100 1,000 2,200 2,000 TATA CONSULTANCY SERVICES LIMITED Audited Standalone Interim Balance Sheet September 30, 202S March 31, 2025 ASSETS Non-current assets Property, plant and equipment capital work-in-progress Right-of-use assets 8,189 8,346 1,952 1,318 8,887 7,601 Intangible assets Financial assets Investments Trade receivables Billed Unbilled Loans Otherfinancial assets Deferred tax assets (net) Income tax assets (net) 119 91 150 44 752 2 1,160 657 2,801 2,658 781 1,131 Total non-current assets Current assets Inventories Financial assets Investments Trade receivables Billed Unbilled Cash and cash equivalents Other balances with banks Loans Otherfinancial assets 47,118 44,392 7,440 7,375 1,602 2,610 5,441 4,542 41 42 1,772 2,455 642 226 13,026 12,698 1,12,309 1,03,163 1,44,621 1,32,788 Income tax assets (net) Other assets Total current assets TOTAL ASSETS EQUITY AND LIABILITIES Equity Share capital Other equity 362 362 84,667 75,255 Total equity Liabilities Non-current liabilities Financial liabilities Lease liabilities Otherfinancial liabilities Employee benefit obligations Deferred tax liabilities (net) Unearned and deferred revenue 7,763 6,486 521 626 188 186 253 202 655 489 Total non-current liabilities Current liabilities Financial liabilities Lease liabilities Trade payables", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 19, "section": "’\nIndependent Auditors Report", "subsection": "Dividend per share (Par value fl each) \nInterim dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00 \nFinal dividend on equity shares (t) \n-\n-\n-\n-\n-\nTotal dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "81bf7c1626700e3d"}, {"chunk_id": "5228834ec40c4621", "content": "Deferred tax liabilities (net) Unearned and deferred revenue 7,763 6,486 521 626 188 186 253 202 655 489 Total non-current liabilities Current liabilities Financial liabilities Lease liabilities Trade payables Dues of small enterprises and micro enterprises Dues of creditors otherthan small enterprises and micro enterprises Otherfinancial liabilities Unearned and deferred revenue Other liabilities Provisions Employee benefit obligations 130 156 17,533 17,327 6,203 6,551 2,881 3,377 5,013 5,110 79 92 3,767 3,621 Income tax liabilities (net) Total current liabilities TOTAL EQUITY AND LIABILITIES 13,399 11,857 50,212 49,182 1,44,621 1,32,788 Select explanatory notes to the Statement of Audited Standalone Interim Financial Results for three months and six-months ended 1. Audited Standalone Interim Statement of Financial Results for the three months and six-months ended September 30, 2025 have been prepared in accordance with the Indian Accounting Standard (referred to as \"Ind AS\") 34 - Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules as amended from time to time. These results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on October 9, 2025. The statutory auditors have expressed an unmodified audit opinion on these results. 2. Audited Standalone Interim Statement of Cash Flows is attached in Annexure A.", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 19, "section": "’\nIndependent Auditors Report", "subsection": "Dividend per share (Par value fl each) \nInterim dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00 \nFinal dividend on equity shares (t) \n-\n-\n-\n-\n-\nTotal dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "81bf7c1626700e3d"}, {"chunk_id": "96ae7e94b05e211e", "content": "3. In July 2025, the Company announced re-structuring initiatives. As a part of this initiative, the Company released / will release certain associates from the organisation whose deployment may not be feasible. Termination benefits have been provided as per policy devised for this purpose. Such termination benefits, due to their size, nature or occurrence are disclosed as \"Exceptional item\" in the audited standalone interim financial results. 4. The Board of Directors at its meeting held on October 9, 2025, has declared an interim dividend of~ll.00 per equity share. 5. The results for three months and six months ended September 30, 2025, are available on the BSE Limited website (URL: www.bseindia.com), the National Stock Exchange of India Limited website (URL: www.nseindia.com) and on the Company's website (URL: www.tcs.com/investors). For and on behalf of the Board of Directors KRITHIVASAN KRITHIVASAN °'\"\"\"·\"·'.,.,,.,,, ... ,.,. KU NCH 1TH AM °'''\"'~'''\"\"' byKUNCHITHAM Mumbai October 9, 2025 CEO and Managing Director Audited Standalone Interim Statement of Cash Flows CASH FLOWS FROM OPERATING ACTIVITIES Profit for the period Adjustments for: Depreciation and amortisation expense Bad debts and advances written off, allowance for expected credit losses and doubtful advances 7,050 (3) (87) (9) {208) (43) {1,942) (2,141) 7,358 (8) (34) (7) {92) - {1,359) {4,103) 291 Tax expense Net gain on lease modification Unrealised foreign exchange gain", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 22, "section": "’\nIndependent Auditors Report", "subsection": "Yashaswin Sheth\nCompany Secretary\nACS 15388", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "df1dc423e35ce8f0"}, {"chunk_id": "a9069d49dbb100fb", "content": "7,050 (3) (87) (9) {208) (43) {1,942) (2,141) 7,358 (8) (34) (7) {92) - {1,359) {4,103) 291 Tax expense Net gain on lease modification Unrealised foreign exchange gain Net gain on disposal of property, plant and equipment Net gain on disposal /fairvaluation of investments Net gain on fairvaluation of call option Interest income Dividend income (Including exchange impact) Finance costs (10) (18) {20) (225) - {2,865) (6,133) 703 Operating profit before working capital changes Net change in Inventories Trade receivables Billed Unbilled Loans and other financial assets Other assets Trade payables Unearned and deferred revenue Otherfinancial liabilities Other liabilities and provisions (2,814) (171) 555 (401) 180 (330) 197 41 {4,540) 746 {368) (666) 1,005 47 {968) 663 (5,828) 123 {732) (2,238) 2,884 829 (17) 1,002 Cash flows generated from operations Taxes paid (net of refunds) Net cash flows generated from operating activities CASH FLOWS FROM INVESTING ACTIVITIES Bank deposits placed Inter-corporate deposits placed {2,880) {750) (58,081) (1,578) {49) (128) (554) (250) 1,980 51,740 3 10 1,128 2,141 (3,492) - {61,470) (1,274) (90) (89) - - - 57,147 4 8 1,185 4,103 (8,842) (36) {132,458) (2,388) {94) (902) (1,036) - 7,262 1,34,383 Purchase of investments Payment for purchase of property, plant and equipment Payment including advances for acquiring right-of-use assets Payment for purchase of intangible assets Acquisition of subsidiaries Advance towards acquisition of investment Proceeds from bank deposits Proceeds from disposal/ redemption of investments Proceeds from sub-lease receivable", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 22, "section": "’\nIndependent Auditors Report", "subsection": "Yashaswin Sheth\nCompany Secretary\nACS 15388", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "df1dc423e35ce8f0"}, {"chunk_id": "13d9d58762d8cf1b", "content": "Acquisition of subsidiaries Advance towards acquisition of investment Proceeds from bank deposits Proceeds from disposal/ redemption of investments Proceeds from sub-lease receivable Proceeds from disposal of property, plant and equipment Interest received Dividend received from subsidiaries Net cash flows used in investing activities Audited Standalone Interim Statement of Cash Flows Six months ended Year ended September 30, September 30, March 31, CASH FLOWS FROM FINANCING ACTIVITIES Repayment of lease liabilities Interest paid (641) (568) (1,112) Dividend paid Net cash flows used in financing activities (14,834) (13,749) (44,864) Net change in cash and cash equivalents (15,878) (14,607) (46,724) (1,156) (1,231) (1,083) Cash and cash equivalents at the beginning ofthe period Exchange difference on translation of foreign currency cash and cash equivalents Cash and cash equivalents at the end of the period Components of cash and cash equivalents Balances with banks In current accounts In deposit accounts -* -* -* * * * - - - Remittances in transit 1 -* 8 1,602 2,484 2,61(] *Represents value less than ~.50crore. Intimation as per NSE and BSE circulars dated July 14, 2023 This is to inform you that pursuant to NSE circular no. NSE/CML/2023/57 and BSE Circular no. 20230714- 34 dated July 14, 2023, the meeting of the Board of Directors of the Company was held today, October 9, 2025, at 9.00 a.m. and concluded at 3.40 p.m. Yours faithfully, For Tata Consultancy Services Limited Yashaswin Sheth", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 22, "section": "’\nIndependent Auditors Report", "subsection": "Yashaswin Sheth\nCompany Secretary\nACS 15388", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "df1dc423e35ce8f0"}, {"chunk_id": "efaca95911c8db35", "content": "held today, October 9, 2025, at 9.00 a.m. and concluded at 3.40 p.m. Yours faithfully, For Tata Consultancy Services Limited Yashaswin Sheth Company Secretary ACS 15388 9th Floor Nirmal Building Nariman Point Mumbai 400 021 Tel 91 22 6778 9595 Fax 91 22 6630 3672 e-mail corporate.office@tcs.com website www.tcs.com Registered Office 9th Floor Nirmal Building Nariman Point Mumbai 400 021 Corporate Identity No. (CIN): L22210MH1995PLC084781", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 22, "section": "’\nIndependent Auditors Report", "subsection": "Yashaswin Sheth\nCompany Secretary\nACS 15388", "content_type": "text", "chunk_level": "child", "parent_chunk_id": "df1dc423e35ce8f0"}, {"chunk_id": "4870631f13f13565", "content": "[TABLE] Company: TCS | Year: FY2026 | Section: Introduction > Yashaswin Sheth \nCompany Secretary \nACS 15388 | Page: 1\n\n| TCS/BM/SE/117/2025-26 |  |  |  |  |  |\n|---|---|---|---|---|---|\n| October 9, 2025 |  |  |  |  |  |\n| National Stock Exchange of I | ndia Limit | ed | BSE Limited |  |  |\n| Exchange Plaza, C-1, Block G | , |  | P. J. Towers, |  |  |\n| Bandra Kurla Complex, Ban | dra (East) |  | Dalal Street, |  |  |\n| Mumbai - 400051 |  |  | Mumbai - 400 | 001 |  |\n| Symbol - TCS |  |  | Scrip Code No | . 532540 |  |\n| Dear Sirs, |  |  |  |  |  |\n| Sub: Financial Results for | the quarte | r and six-month | period ended | September 30, 202 | 5, and |\n| declaration of second in | terim divid | end |  |  |  |\n| We enclose the audited standalo | ne financial | results of the Compa | ny and audited | consolidated financial | results |\n| of the Company and its subsidi | aries for the | quarter and six-mo | nth period ende | d September 30, 2025 | , under |\n| Indian Accounting Standards, | which have | been approved and t | aken on record | at a meeting of the B | oard of |\n| Directors of the Company held | today. |  |  |  |  |\n| We would like to inform you | that at the | Board Meeting held | today, the Dir | ectors have declared | second |\n| interim dividend of INR 11 per | Equity Sha | re of INR 1 each of t | he Company. |  |  |\n| The second interim dividend sh | all be paid | on Tuesday, Novem | ber 4, 2025, to t | he equity shareholder | s of the |\n| Company whose names appea | r on the R | egister of Members | of the Compa | ny or in the records | of the |\n| Depositories as beneficial own | ers of the s | hares as on Wednes | day, October 15 | , 2025, which is the | Record |\n| Date, fixed for the purpose. |  |  |  |  |  |\n| The above information is also a | vailable on | the website of the C | ompany www.t | cs.com |  |\n| Thanking you, |  |  |  |  |  |\n| Yours faithfully, |  |  |  |  |  |\n| For Tata Consultancy Service | s Limited |  |  |  |  |\n| Yashaswin Sheth |  |  |  |  |  |\n| Company Secretary |  |  |  |  |  |\n| ACS 15388 |  |  |  |  |  |\n| cc: |  |  |  |  |  |\n| 1. National Securities Deposito | ry Limited |  |  |  |  |\n| 2. Central Depository Services | (India) Lim | ited |  |  |  |\n| 3. MUFG Intime India Private | Limited (F | ormerly known as Li | nk Intime India | Private Limited) |  |\n| 9th | Floor Nirmal B | uilding Nariman Point Mu | mbai 400 021 |  |  |\n| Tel 91 22 6778 9595 Fa | x 91 22 6630 3 | 672 e-mail corporate.offic | e@tcs.com websit | e www.tcs.com |  |\n| Registered O | ffice 9th Floor | Nirmal Building Nariman | Point Mumbai 400 | 021 |  |\n| Cor | porate Identity | No. (CIN): L22210MH199 | 5PLC084781 |  |  |", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 1, "section": "Introduction", "subsection": "Yashaswin Sheth \nCompany Secretary \nACS 15388", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "19a8288c00b45848", "content": "[TABLE] Company: TCS | Year: FY2026 | Section: ’\nIndependent Auditors Report > Report on the audit of the Consolidated Financial Results | Page: 2\n\n| B S R & | Co. LLP |  | Nesco IT P Western E | ark 4, Nesco Cen xpress Highway | ter |  |\n|---|---|---|---|---|---|---|\n| Chartered Account | ants | T | Goregaon elephone | (East), Mumbai – : +91 (22) 6257 1 | 400 063, 000 | India |\n|  |  | F | ax: +91 ( | 22) 6257 1010 |  |  |\n|  |  | In | depen | dent Aud | itors ’ | Report |\n| To the Board o | f Directors of Ta | ta Consulta | ncy Se | rvices Limit | ed |  |\n| Report on the a | udit of the Cons | olidated Fi | nancial | Results |  |  |\n| Opinion |  |  |  |  |  |  |\n| We have audited th | e accompanying State | ment of Cons | olidated F | inancial Results | of Tata | Consultancy |\n| Services Limited (“H | olding Company”) and | its subsidiaries | (Holding | Company and its | subsidia | ries together |\n| referred to as “the G | roup”), for the quarte | r ended 30 Se | ptember | 2025 and for the | period f | rom 01 April |\n| 2025 to 30 Septemb | er 2025, (“the Stateme | nt”), being sub | mitted by | the Holding Com | pany pu | rsuant to the |\n| requirement of Reg | ulation 33 of the Sec | urities and Exc | hange B | oard of India (Lis | ting Obl | igations and |\n| Disclosure Requirem | ents) Regulations, 20 | 15, as amende | d (\"Listin | g Regulations\"). |  |  |\n| In our opinion and | to the best of our inf | ormation and a | ccording | to the explanati | ons give | n to us, the |\n| Statement: |  |  |  |  |  |  |\n| a. includes the res | ults of the entities men | tioned in Anne | xure I to t | he Statement: |  |  |\n| b. is presented in | accordance with the | requirements o | f Regula | tion 33 of the Li | sting Re | gulations as |\n| amended; and |  |  |  |  |  |  |\n| c. gives a true and | fair view in conformity | with the applica | ble accou | nting standards, | and othe | r accounting |\n| principles gener | ally accepted in India, | of consolidated | total com | prehensive inco | me (com | prising of net |\n| profit and other | comprehensive incom | e) and other fi | nancial in | formation of the | Group fo | r the quarter |\n| ended 30 Septe | mber 2025 and for the | period from 01 | April 20 | 25 to 30 Septemb | er 2025. |  |\n| Basis for Opinion |  |  |  |  |  |  |\n| We conducted our a | udit in accordance wi | th the Standar | ds on Au | diting (“SAs”) sp | ecified u | nder section |\n| 143(10) of the Comp | anies Act, 2013 (“the A | ct”). Our respo | nsibilities | under those SAs | are furth | er described |\n| in the Auditor’s Resp | onsibilities for the Au | dit of the Cons | olidatedF | inancial Results | section o | f our report. |\n| We are independen | t of the Group in ac | cordance with | the Code | of Ethics issue | d by the | Institute of |\n| Chartered Accounta | nts of India together w | ith the ethical r | equireme | nts that are relev | ant to ou | r audit of the |\n| financial statements | under the provisions | of the Act, and | the Rules | thereunder, and | we hav | e fulfilled our |\n| other ethical respon | sibilities in accordance | with these req | uirement | s and the Code | of Ethics | . We believe |\n| that the audit eviden | ce we have obtained, | is sufficient an | d approp | riate to provide a | basis fo | r our opinion |\n| on the consolidated | financial results. |  |  |  |  |  |\n| Management’s and | Board of Directors’/ | Trustees' Res | ponsibili | ties for the Con | solidate | d Financial |\n| Results |  |  |  |  |  |  |\n| These quarterly con | solidated financial res | ults as well as | the year | to date consolid | ated fina | ncial results |\n| have been prepared | on the basis of the co | nsolidated inte | rim financ | ial statements. |  |  |\n| The Holding Compa | ny’s Management and | the Board of D | irectors a | re responsible fo | r the pre | paration and |\n| presentation of thes | e consolidated financi | al results that g | ive a true | and fair view of | the con | solidated net |\n| profit/ loss and other | comprehensive inco | me and other fi | nancial in | formation of the | Group in | accordance |\n| with the recognition | and measurement pr | inciples laid do | wn in Ind | ian Accounting | Standard | 34, ‘Interim |\n| Financial Reporting’ | prescribed under Sec | tion 133 of the | Act read | with relevant rul | es issue | d thereunder |\n| and other accountin | g principles generally | accepted in Ind | ia and in | compliance with | Regulat | ion 33 of the |\n| Listing Regulations | . The respective | Management | and Bo | ard of Directo | rs/Truste | es of the |\n| companies/entities in | cluded in the Group a | re responsible f | or mainte | nance of adequat | e accou | nting records |\n|  |  |  | Registe | red Office: |  |  |\n| B S R & Co. (a partnership firm with Limited Liability Partnership with LL | Registration No. BA61223) converte P Registration No. AAB-8181) with eff | d into B S R & Co. LLP (a ect from October 14, 2013 | 14th Flo Center, | or, Central B Wing and North Western Express Highway, G | C Wing, Nesc oregaon (East | o IT Park 4, Nesco ), Mumbai - 400063 Page 1 of 6 |", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 2, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Consolidated Financial Results", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "b060490e6b94a903", "content": "[TABLE] Company: TCS | Year: FY2026 | Section: ’\nIndependent Auditors Report > Report on the audit of the Consolidated Financial Results | Page: 3\n\n| B S R & Co. LL | P |  |  |  |\n|---|---|---|---|---|\n|  |  | Independen | t Auditor’s Report | (Continued) |\n|  |  | Tata | Consultancy Servi | ces Limited |\n| in accordance with the | provisions of the Act f | or safeguarding o | f the assets of each comp | any/entity and for |\n| preventing and detec | ting frauds and oth | er irregularities; | selection and application | of appropriate |\n| accounting policies; m | aking judgments and | estimates that ar | e reasonable and prudent | ; and the design, |\n| implementation and m | aintenance of adequa | te internal financ | ial controls, that were ope | rating effectively |\n| for ensuring accuracy | and completeness o | f the accounting | records, relevant to the | preparation and |\n| presentation of the con | solidated financial res | ults that give a tr | ue and fair view and are f | ree from material |\n| misstatement, whether | due to fraud or error, | which have been | used for the purpose of p | reparation of the |\n| consolidated financial r | esults by the Manage | ment and the Boa | rd of Directors of the Hold | ing Company, as |\n| aforesaid. |  |  |  |  |\n| In preparing the con | solidated financial r | esults, the resp | ective Management an | d the Board of |\n| Directors/Trustees of | the companies/entitie | s included in the | Group are responsible f | or assessing the |\n| ability of each compan | y/entity to continue as | a going concern | , disclosing, as applicable | , matters related |\n| to going concern and | using the going con | cern basis of a | ccounting unless the res | pective Board of |\n| Directors/Trustees eith | er intends to liquidate | the company/enti | ty or to cease operations, | or has no realistic |\n| alternative but to do so | . |  |  |  |\n| The respective Board o | f Directors/Trustees o | f the companies/ | entities included in the Gro | up is responsible |\n| for overseeing the fina | ncial reporting proces | s of each compan | y/entity. |  |\n| Auditor’s Responsibi | lities for the Audit of | the Consolidat | ed Financial Results |  |\n| Our objectives are to o | btain reasonable ass | urance about whe | ther the consolidated fina | ncial results as a |\n| whole are free from ma | terial misstatement, w | hether due to fra | ud or error, and to issue a | n auditor’s report |\n| that includes our opini | on. Reasonable assur | ance is a high lev | el of assurance, but is not | a guarantee that |\n| an audit conducted in | accordance with SAs | will always dete | ct a material misstatemen | t when it exists. |\n| Misstatements can aris | e from fraud or error a | nd are considere | d material if, individually or | in the aggregate, |\n| they could reasonably | be expected to influe | nce the economi | c decisions of users take | n on the basis of |\n| these consolidated fina | ncial results. |  |  |  |\n| As part of an audit in a | ccordance with SAs, w | e exercise profe | ssional judgment and main | tain professional |\n| skepticism throughout | the audit. We also: |  |  |  |\n| – Identify and asses | s the risks of material | misstatement of | the consolidated financial | results, whether |\n| due to fraud or err | or, design and perform | audit procedures | responsive to those risks, | and obtain audit |\n| evidence that is su | fficient and appropriat | e to provide a ba | sis for our opinion. The ris | k of not detecting |\n| a material misstate | ment resulting from fr | aud is higher tha | n for one resulting from er | ror, as fraud may |\n| involve collusion, f | orgery, intentional omi | ssions, misrepres | entations, or the override o | f internal control. |\n| – Obtain an underst | anding of internal con | trol relevant to th | e audit in order to design | audit procedures |\n| that are appropria | te in the circumstanc | es, but not for th | e purpose of expressing a | n opinion on the |\n| effectiveness of th | e Group’s internal con | trol. |  |  |\n| – Evaluate the appr | opriateness of accou | nting policies us | ed and the reasonablene | ss of accounting |\n| estimates and rela | ted disclosures in the | consolidated fina | ncial results made by the | Management and |\n| Board of Directors | . |  |  |  |\n| – Conclude on the | appropriateness of th | e Management’s | and Board of Directors’ | use of the going |\n| concern basis of | accounting and, ba | sed on the audi | t evidence obtained, wh | ether a material |\n| uncertainty exists | related to events | or conditions t | hat may cast significan | t doubt on the |\n| appropriateness o | f this assumption. If w | e conclude that a | material uncertainty exists | , we are required |\n| to draw attention i | n our auditor’s report t | o the related disc | losures in the consolidated | financial results |\n| or, if such disclosu | res are inadequate, to | modify our opini | on. Our conclusions are b | ased on the audit |\n| evidence obtained | up to the date of our | auditor’s report. | However, future events o | r conditions may |\n| cause the Group t | o cease to continue as | a going concern | . |  |\n| – Evaluate the overa | ll presentation, structu | re and content of | the consolidated financial | results, including |\n| the disclosures, an | d whether the consoli | dated financial re | sults represent the underl | ying transactions |\n| and events in a m | anner that achieves fa | ir presentation. |  |  |\n|  |  |  |  | Page 2 of 6 |", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 3, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Consolidated Financial Results", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "6044d7b3397858fa", "content": "[TABLE] Company: TCS | Year: FY2026 | Section: ’\nIndependent Auditors Report > Report on the audit of the Consolidated Financial Results | Page: 4\n\n| B S R & Co. | LLP |  |  |  |  |\n|---|---|---|---|---|---|\n|  |  | In | depe | ndent Audit | or’s Report (Continued) |\n|  |  |  |  | Tata Consu | ltancy Services Limited |\n| We communicate | with those ch | arged with gov | ernanc | e of the Holding | Company and such other entities |\n| included in the con | solidated fina | ncial results of | which | we are the indep | endent auditors regarding, among |\n| other matters, the | planned sco | pe and timing | of the | audit and signifi | cant audit findings, including any |\n| significant deficien | cies in interna | l control that w | e ident | ify during our au | dit. |\n| We also provide t | hose charged | with governan | ce with | a statement tha | t we have complied with relevant |\n| ethical requiremen | ts regarding i | ndependence, | and to | communicate wit | h them all relationships and other |\n| matters that may | reasonably be | thought to b | ear on | our independen | ce, and where applicable, related |\n| safeguards. |  |  |  |  |  |\n| We also performe | d procedures | in accordance | with th | e circular issued | by the Securities and Exchange |\n| Board of India und | er Regulation | 33(8) of the Li | sting R | egulations, to the | extent applicable. |\n|  |  |  |  |  | For B S R & Co. LLP |\n|  |  |  |  |  | Chartered Accountants |\n|  |  |  |  | Firm’s Registr | ation No.:101248W/W-100022 |\n|  |  |  |  |  | Aniruddha Godbole |\n|  |  |  |  |  | Partner |\n| Mumbai |  |  |  |  | Membership No.: 105149 |\n| 09 October 2025 |  |  |  |  | UDIN:25105149BMLXAG4142 |\n|  |  |  |  |  | Page 3 of 6 |", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 4, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Consolidated Financial Results", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "f8e150be6a830544", "content": "[TABLE] Company: TCS | Year: FY2026 | Section: ’\nIndependent Auditors Report > Report on the audit of the Consolidated Financial Results | Page: 5\n\n| Sr. No | Name of component | Relationship |\n|---|---|---|\n| 1 | APTOnline Limited | Subsidiary |\n| 2 | C-Edge Technologies Limited | Subsidiary |\n| 3 | Diligenta Limited | Subsidiary |\n| 4 | MahaOnline Limited | Subsidiary |\n| 5 | MP Online Limited | Subsidiary |\n| 6 | Tata America International Corporation | Subsidiary |\n| 7 | Tata Consultancy Services (Africa) (Proprietary) Ltd. | Subsidiary |\n| 8 | Tata Consultancy Services Asia Pacific Pte Ltd. | Subsidiary |\n| 9 | Tata Consultancy Services Belgium | Subsidiary |\n| 10 | Tata Consultancy Services Canada Inc. | Subsidiary |\n| 11 | Tata Consultancy Services Deutschland GmbH | Subsidiary |\n| 12 | Tata Consultancy Services Netherlands B.V. | Subsidiary |\n| 13 | Tata Consultancy Services Qatar | Subsidiary |\n| 14 | Tata Consultancy Services Sverige Aktiebolag | Subsidiary |\n| 15 | TCS e-Serve International Limited | Subsidiary |\n| 16 | TCS FNS Pty Limited | Subsidiary |\n| 17 | TCS Iberoamerica SA | Subsidiary |\n| 18 | PT Tata Consultancy Services Indonesia, PT | Subsidiary |\n| 19 | Tata Consultancy Services (China) Co., Ltd. | Subsidiary |\n| 20 | Tata Consultancy Services (Philippines) Inc. | Subsidiary |\n| 21 | Tata Consultancy Services (Thailand) Limited | Subsidiary |\n| 22 | MGDC S.C. | Subsidiary |\n| 23 | Tata Consultancy Services Argentina S.A. | Subsidiary |\n| 24 | Tata Consultancy Services De Mexico, S.A. De C.V. | Subsidiary |\n| 25 | Tata Consultancy Services Do Brasil Ltda. | Subsidiary |\n| 26 | TCS Inversiones Chile Limitada | Subsidiary |", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 5, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Consolidated Financial Results", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "486a311c4fb59ad0", "content": "[TABLE] Company: TCS | Year: FY2026 | Section: ’\nIndependent Auditors Report > Report on the audit of the Consolidated Financial Results | Page: 6\n\n| Sr. No | Name of component | Relationship |\n|---|---|---|\n| 27 | Tata Consultancy Services France | Subsidiary |\n| 28 | TCS Uruguay S.A. | Subsidiary |\n| 29 | TCS Solution Center S.A. | Subsidiary |\n| 30 | Tata Consultancy Services De Espana S.A. | Subsidiary |\n| 31 | Tata Consultancy Services Luxembourg S.A. | Subsidiary |\n| 32 | Tata Consultancy Services Osterreich GmbH | Subsidiary |\n| 33 | Tata Consultancy Services Saudi Arabia | Subsidiary |\n| 34 | Tata Consultancy Services Switzerland Ltd | Subsidiary |\n| 35 | TCS Business Services GmbH | Subsidiary |\n| 36 | Tata Consultancy Services Ireland Limited | Subsidiary |\n| 37 | TCS Technology Solutions GmbH | Subsidiary |\n| 38 | Tata Consultancy Services Bulgaria EOOD | Subsidiary |\n| 39 | Tata Consultancy Services Guatemala, S.A. | Subsidiary |\n| 40 | Tata Consultancy Services UK Limited | Subsidiary |\n| 41 | Diligenta (Europe) B.V. | Subsidiary |\n| 42 | TCS Foundation | Subsidiary |\n| 43 | Tata Consultancy Services Japan, Ltd. | Subsidiary |\n| 44 | Tata Consultancy Services Malaysia Sdn. Bhd. | Subsidiary |\n| 45 | Tata Consultancy Services Italia S.R.L. | Subsidiary |\n| 46 | Tata Consultancy Services (South Africa) (Proprietary) Ltd. | Subsidiary |\n| 47 | Tata Consultancy Services Chile S.A. | Subsidiary |\n| 48 | Tatasolution Center S.A. | Subsidiary |\n| 49 | Tata Consultancy Services (Portugal), Unipessoal Lda | Subsidiary |\n| 50 | TCS Financial Solutions Australia Pty Limited | Subsidiary |\n| 51 | TCS Financial Solutions Beijing Co., Ltd. (Merged with Tata Consultancy Services (China) Co., Ltd. w.e.f. 01 July 2024) | Subsidiary |\n| 52 | TRIL Bengaluru Real Estate Five Limited (Acquired w.e.f 29 January 2025) | Subsidiary |\n| 53 | TRIL Bengaluru Real Estate Six Limited (Acquired w.e.f 29 January 2025) | Subsidiary |", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 6, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Consolidated Financial Results", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "899baa543b3d9738", "content": "[TABLE] Company: TCS | Year: FY2026 | Section: ’\nIndependent Auditors Report > Report on the audit of the Consolidated Financial Results | Page: 7\n\n| Sr. No | Name of component | Relationship |\n|---|---|---|\n| 54 | Tata Sons & Consultancy Services Employees’ Welfare Trust | Trust |\n| 55 | TCS e-Serve International Limited - Employees’ Welfare Benefit Trust | Trust |", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 7, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Consolidated Financial Results", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "03a9ba061f82ac2c", "content": "[TABLE] Company: TCS | Year: FY2026 | Section: ’\nIndependent Auditors Report > Dividend per share (Par value fl each) \nInterim dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00 | Page: 8\n\n|  | Three months ended |  |  | Six months ended |  | Year ended |\n|---|---|---|---|---|---|---|\n|  | September 30, 2025 | June 30, 2025 | September 30, 2024 | September 30, 2025 | September 30, 2024 | March 31, 2025 |\n| Revenue from operations Other income TOTAL INCOME Expenses Employee benefit expenses Cost of equipment and software Ii cences Finance costs Depreciation and amortisation expense Other expenses TOTAL EXPENSES PROFIT BEFORE EXCEPTIONAL ITEM AND TAX Exceptional item Re-structuring expenses PROFIT BEFORE TAX Tax expense Current tax Deferred tax TOTAL TAX EXPENSE PROFIT FOR THE PERIOD OTHER COMPREHENSIVE INCOME (OCI) Items that will not be reclassified subsequently to profit or loss Remeasurement of defined employee benefit plans Net change in fair values of investments in equity shares carried at fair va I ue through OCI Income tax on items that will not be reclassified subsequently to profit or loss Items that will be reclassified subsequently to profit or loss Net change in fairvalues of investments other than equity shares carried atfairvalue through OCI Net change in intrinsic value of derivatives designated as cash flow hedges Net change in time value of derivatives designated as cash flow hedges Exchange differences on translation of financial statements of foreign operations Income tax on items that will be reclassified subsequently to profit or loss TOTAL OTHER COMPREHENSIVE INCOME/ (LOSSES) TOTAL COMPREHENSIVE INCOME FOR THE PERIOD Profit for the period attributable to: Shareholders of the Company Non-controlling interests Other comprehensive income for the period attributable to: Shareholders of the Company Non-controlling interests Total comprehensive income for the period attributable to: Shareholders of the Company Non-controlling interests | 65,799 867 | 63,437 1,660 | 64,259 729 | 1,29,236 2,527 | 1,26,872 1,691 | 2,55,324 3,962 |\n|  | 66,666 | 65,097 | 64,988 | 1,31,763 | 1,28,563 | 2,59,286 |\n|  | 38,606 967 229 1,413 8,248 | 37,715 726 195 1,361 8,121 | 36,654 3,230 162 1,266 7,644 | 76,321 1,693 424 2,774 16,369 | 73,070 5,381 335 2,486 15,028 | 1,45,788 11,648 796 5,242 30,481 |\n|  | 49,463 | 48,118 | 48,956 | 97,581 | 96,300 | 1,93,955 |\n|  | 17,203 1,135 | 16,979 - | 16,032 - | 34,182 1,135 | 32,263 - | 65,331 - |\n|  | 16,068 3,969 (32) | 16,979 4,163 (3) | 16,032 4,078 (1) | 33,047 8,132 (35) | 32,263 8,368 (165) | 65,331 16,910 (376) |\n|  | 3,937 | 4,160 | 4,077 | 8,097 | 8,203 | 16,534 |\n|  | 12,131 | 12,819 | 11,955 | 24,950 | 24,060 | 48,797 |\n|  | 45 - (7) (354) (20) 18 649 89 | 8 38 (2) 207 9 (40) 1,105 (44) | (38) (12) 10 392 (14) (23) 835 (89) | 53 38 (9) (147) (11) (22) 1,754 45 | 13 (12) (8) 446 (10) (22) 543 (103) | (106) (24) 18 593 1 (9) 262 (146) |\n|  | 420 | 1,281 | 1,061 | 1,701 | 847 | 589 |\n|  | 12,551 | 14,100 | 13,016 | 26,651 | 24,907 | 49,386 |\n|  | 12,075 56 | 12,760 59 | 11,909 46 | 24,835 115 | 23,949 111 | 48,553 244 |\n|  | 12,131 | 12,819 | 11,955 | 24,950 | 24,060 | 48,797 |\n|  | 410 10 | 1,248 33 | 987 74 | 1,658 43 | 806 41 | 571 18 |\n|  | 420 | 1,281 | 1,061 | 1,701 | 847 | 589 |\n|  | 12,485 66 | 14,008 92 | 12,896 120 | 26,493 158 | 24,755 152 | 49,124 262 |\n|  | 12,551 | 14,100 | 13,016 | 26,651 | 24,907 | 49,386 |\n| Paid up equity share capital (Face value: ~1 per share) Total reserves (including Non-controlling interests) | 362 | 362 | 362 | 362 | 362 | 362 95,405 |\n| Earnings per equity share:-Basic and diluted (t) Dividend per share (Par value fl each) Interim dividend on equity shares (t) Final dividend on equity shares (t) Total dividend on equity shares {t) Total equity dividend percentage | 33.37 11.00 - 11.00 1,100 | 35.27 11.00 - 11.00 1,100 | 32.92 10.00 - 10.00 1,000 | 68.64 22.00 - 22.00 2,200 | 66.20 20.00 - 20.00 2,000 | 134.19 96.00 30.00 126.00 12,600 |", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 8, "section": "’\nIndependent Auditors Report", "subsection": "Dividend per share (Par value fl each) \nInterim dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ad5f3988e117e867", "content": "[TABLE] Company: TCS | Year: FY2026 | Section: ’\nIndependent Auditors Report > Dividend per share (Par value fl each) \nInterim dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00 | Page: 9\n\n|  | Three months ended |  |  | Six months ended |  | Year ended |\n|---|---|---|---|---|---|---|\n|  | September 30, 2025 | June 30, 2025 | September 30, 2024 | September 30, 2025 | September 30, 2024 | March 31, 2025 |\n| SEGMENT REVENUE Banking, Financial Services and Insurance Manufacturing Consumer Business Communication, Media and Technology Life Sciences and Healthcare Others Total SEGMENT RESULT Banking, Financial Services and Insurance Manufacturing Consumer Business Communication, Media and Technology Life Sciences and Healthcare Others Total Unallocable expenses* Operating income Other income PROFIT BEFORE TAX | 25,717 6,631 10,351 9,802 6,884 6,414 | 24,736 6,401 10,155 9,436 6,422 6,287 | 23,785 6,310 10,025 12,088 6,630 5,421 | 50,453 13,032 20,506 19,238 13,306 12,701 | 46,859 12,581 20,016 22,882 13,539 10,995 | 94,597 25,170 40,197 45,893 26,456 23,011 |\n|  | 65,799 | 63,437 | 64,259 | 1,29,236 | 1,26,872 | 2,55,324 |\n|  | 6,818 2,021 2,868 2,833 1,891 1,547 | 6,216 1,998 2,799 2,655 1,574 1,633 | 6,345 2,063 2,695 2,357 1,849 1,422 | 13,034 4,019 5,667 5,488 3,466 3,180 | 12,356 4,153 5,322 4,816 3,941 2,805 | 25,135 8,225 11,222 9,582 7,448 5,795 |\n|  | 17,978 | 16,875 | 16,731 | 34,853 | 33,393 | 67,407 |\n|  | 2,777 | 1,556 | 1,428 | 4,333 | 2,821 | 6,038 |\n|  | 15,201 867 | 15,319 1,660 | 15,303 729 | 30,520 2,527 | 30,572 1,691 | 61,369 3,962 |\n|  | 16,068 | 16,979 | 16,032 | 33,047 | 32,263 | 65,331 |", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 9, "section": "’\nIndependent Auditors Report", "subsection": "Dividend per share (Par value fl each) \nInterim dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "773a0ed8361ffcbc", "content": "[TABLE] Company: TCS | Year: FY2026 | Section: ’\nIndependent Auditors Report > Dividend per share (Par value fl each) \nInterim dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00 | Page: 10\n\n|  | As at September 30, 2025 | As at March 31, 2025 |\n|---|---|---|\n| ASSETS Non-current assets Property, plant and equipment Capital work-in-progress Right-of-use assets Goodwill Other intangible assets Financial assets Investments Trade receivables Billed Unbilled Loans Otherfinancial assets Deferred tax assets (net) Income tax assets (net) Other assets Total non-current assets Current assets Inventories Financial assets Investments Trade receivables Billed Unbilled Cash and cash equivalents Other balances with banks Loans Otherfinancial assets Income tax assets (net) Other assets Total current assets TOTAL ASSETS EQUITY AND LIABILITIES Equity Share capital Other equity Equity attributable to shareholders of the Company Non-controlling interests Total equity Liabilities Non-current liabilities Financial liabilities Lease liabilities Otherfinancial liabilities Employee benefit obligations Deferred tax liabilities (net) Unearned and deferred revenue Total non-current liabilities Current liabilities Financial liabilities Lease liabilities Trade payables Otherfinancial liabilities Unearned and deferred revenue Other I ia bi I ities Provisions Employee benefit obligations Income tax liabilities (net) Total current liabilities TOTAL EQUITY AND LIABILITIES | 10,886 2,221 10,692 2,032 539 233 119 177 777 3,629 3,817 1,566 4,032 | 10,978 1,546 9,275 1,860 940 275 91 38 25 2,731 3,578 1,569 3,712 |\n|  | 40,720 26 38,829 54,182 9,122 6,358 8,095 9 1,951 676 15,251 | 36,618 21 30,689 50,142 8,904 8,342 7,121 9 2,742 257 14,784 |\n|  | 1,34,499 | 1,23,011 |\n|  | 1,75,219 | 1,59,629 |\n|  | 362 106 053 | 362 94,394 |\n|  | 1,06,415 1,046 | 94,756 1,015 |\n|  | 1,07,461 9,192 579 913 1,081 709 12,474 1,740 14,246 8,632 3,501 7,293 203 5,169 14,500 | 95,771 7,838 680 841 980 518 10,857 1,554 13,909 8,542 4,028 7,188 180 4,885 12,715 |\n|  | 55,284 | 53,001 |\n|  | 1,75,219 | 1,59,629 |", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 10, "section": "’\nIndependent Auditors Report", "subsection": "Dividend per share (Par value fl each) \nInterim dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "95506a31b9214c6c", "content": "[TABLE] Company: TCS | Year: FY2026 | Section: ’\nIndependent Auditors Report > Dividend per share (Par value fl each) \nInterim dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00 | Page: 11\n\n|  | Select explanatory notes t | o the Stateme | nt of Audited | Consolidate | d Int | erim Financial | Result | s for three mo | nths and six-month | s ended |\n|---|---|---|---|---|---|---|---|---|---|---|\n|  | September 30, 2025 |  |  |  |  |  |  |  |  |  |\n| 1. | Audited Consolidated Interi | m Statement of F | inancial Result | s for the thre | e mon | ths and six-mon | ths en | ded September | 30, 2025 have been | prepared |\n|  | in accordance with the | Indian Accounti | ng Standard | (referred to | as | \"Ind AS\") 34 | - Inte | rim Financial | Reporting prescribe | d under |\n|  | Section 133 of the Compani | es Act, 2013 rea | d with Compa | nies (Indian A | ccoun | ting Standards) | Rules | as amended fro | m time to time. Thes | e results |\n|  | have been reviewed by the | Audit Committee | and approved | by the Board | of Dir | ectors at its mee | ting h | eld on October 9 | , 2025. The statutory | auditors |\n|  | have expressed an unmodifi | ed audit opinion | on these result | s. |  |  |  |  |  |  |\n| 2. | Audited Consolidated Interi | m Statement of C | ash Flows is att | ached in Ann | exure | I. |  |  |  |  |\n| 3. | In July 2025, the Group anno | unced re-structu | ring initiatives. | As a part of | this in | itiative, the Grou | p rele | ased / will relea | se certain associates | from the |\n|  | organisation whose deploy | ment may not b | e feasible. Ter | mination be | nefits | have been prov | ided | as per policy de | vised for this purpo | se. Such |\n|  | termination benefits, due to | their size, nature | or occurrence | are disclosed | as \"E | xceptional item\" | in the | audited consoli | dated interim financia | l results. |\n| 4. | The Board of Directors at its | meeting held on | October 9, 202 | 5, has declar | ed an | interim dividend | of n1 | .oo per equity | share. |  |\n| 5. | The results for three | months and s | ix months | ended Sep | tembe | r 30, 2025, | are | available on | the BSE Limited | website |\n|  | (URL: www.bseindia.com). t | he National Stoc | k Exchange of | India Limited | webs | ite (URL: www. | nseindi | a.com) and on | the Company's webs | ite (URL: |\n|  | www.tcs.com/investors). |  |  |  |  |  |  |  |  |  |\n|  |  |  |  |  |  |  | For an | d on behalf of th | e Board of Directors |  |\n|  |  |  |  |  |  |  | K | U N(H ITHAM | Dlgltal~slgned byKUNCHITHAM |  |\n|  |  |  |  |  |  |  | K | RITHIVASAN | KRITHIVASAN Date,2025.10.09142321+05'30' |  |\n|  | Mumbai |  |  |  |  |  |  | K Krith | ivasan |  |\n|  | October 9, 2025 |  |  |  |  |  |  | CEO and Man | aging Director |  |", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 11, "section": "’\nIndependent Auditors Report", "subsection": "Dividend per share (Par value fl each) \nInterim dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "c46aee408c5bb314", "content": "[TABLE] Company: TCS | Year: FY2026 | Section: ’\nIndependent Auditors Report > Dividend per share (Par value fl each) \nInterim dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00 | Page: 12\n\n|  | Six months ended |  | Year ended |\n|---|---|---|---|\n|  | September 30, 2025 | September 30, 2024 | March 31, 2025 |\n| CASH FLOWS FROM OPERATING ACTIVITIES Profit for the period Adjustments for: Depreciation and amortisation expense Bad debts and advances written off, allowance for expected credit losses and doubtful advances Tax expense Net gain on lease modification Unrealised foreign exchange gain Net gain on disposal of property, plant and equipment Net gain on disposal /fairvaluation of investments Net gain on fairvaluation of call option Interest income Dividend income Fina nee costs Operating profit before working capital changes Net change in Inventories Trade receivables Billed Unbilled Loans and other financial assets Other assets Trade payables Unearned and deferred revenue Otherfinancial liabilities Other liabilities and provisions Cash flows generated from operations Taxes paid (net of refunds) Net cash flows generated from operating activities CASH FLOWS FROM INVESTING ACTIVITIES Bank deposits placed Inter-corporate deposits placed Purchase of investments Payment for purchase of property, plant and equipment Payment including advances for acquiring right-of-use assets Payment for purchase of intangible assets Loan given Acquisition of assets Advance towards acquisition of investment Proceeds from bank deposits Proceeds from inter-corporate deposits Proceeds from disposal/ redemption of investments Proceeds from sub-lease receivable Proceeds from disposal of property, plant and equipment Interest received Dividend received Loan recovered Net cash flows used in investing activities | 24,950 2,774 63 8,097 (15) {99) (1) {251) (43) (2,152) (18) 424 | 24,060 2,486 62 8,203 (12) {20) (8) {118) (1,586) (23) 335 | 48,797 5,242 128 16,534 (15) (1) (20) (269) (3,296) (43) 796 |\n|  | 33,729 (5) {2,258) 134 583 (395) (1,046) (499) 623 161 | 33,379 (1) (4,618) 1,075 (385) (918) 2,537 (346) (770) 758 | 67,853 7 (5,519) 291 (738) (2,552) 3,718 395 (119) 1,158 |\n|  | 31,027 {6,083) | 30,711 {8,712) | 64,494 (15,586) |\n|  | 24,944 | 21,999 | 48,908 |\n|  | (4,563) (750) (73,527) (1,868) {56) (137) (554) (250) 3,293 65,796 2 10 1,403 36 | {3,930) (68,972) (1,491) {91) (108) 404 60 64,732 2 9 1,302 15 | {10,496) (145,962) (2,917) {76) (944) (29) (1,063) 8,177 170 1,47,695 5 23 3,056 40 3 |\n|  | (11,165) | (8,068) | (2,318) |", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 12, "section": "’\nIndependent Auditors Report", "subsection": "Dividend per share (Par value fl each) \nInterim dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "73ae384cf8809c4e", "content": "[TABLE] Company: TCS | Year: FY2026 | Section: ’\nIndependent Auditors Report > Dividend per share (Par value fl each) \nInterim dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00 | Page: 13\n\n|  | Six months ended |  | Year ended |\n|---|---|---|---|\n|  | September 30, 2025 | September 30, 2024 | March 31, 2025 |\n| CASH FLOWS FROM FINANCING ACTIVITIES Repayment of lease liabilities Interest paid Dividend paid Dividend paid to non-controlling interests Sale of shares to non-controlling interests Net cash flows used in financing activities Net change in cash and cash equivalents Cash and cash equivalents at the beginning of the period Exchange difference on translation of foreign currency cash and cash equivalents cash and cash equivalents at the end of the period Components of cash and cash equivalents Balances with banks In current accounts In deposit accounts Cheques on hand Cash on hand Remittances intra nsit | (892) (452) (14,834) (127) - | (835) (333) (13,749) (94) - | (1,664) (840) (44,864) (98) 28 |\n|  | (16,305) | (15,011) | (47,438) |\n|  | (2,526) 8,342 542 | (1,080) 9,016 219 | (848) 9,016 174 |\n|  | 6,358 | 8,155 | 8,342 |\n|  | 3,090 3,266 -* -* 2 | 2,711 5,443.. - -* 1 | 3,421 4,907 -* -* 14 |\n|  | 6,358 | 8,155 | 8,342 |", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 13, "section": "’\nIndependent Auditors Report", "subsection": "Dividend per share (Par value fl each) \nInterim dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "de01a59f72ba7498", "content": "[TABLE] Company: TCS | Year: FY2026 | Section: ’\nIndependent Auditors Report > Report on the audit of the Standalone Financial Results | Page: 14\n\n| B S R | & C | o. | LLP | Nesco Wester | IT Park 4, Ne n Express Hi | sco Ce ghway | nter |  |\n|---|---|---|---|---|---|---|---|---|\n| Chartered Acco | untan | ts |  | Gorega Teleph | on (East), M one: +91 (22) | umbai – 6257 1 | 400 0 000 | 63, India |\n|  |  |  |  | Fax: +9 | 1 (22) 6257 | 1010 |  |  |\n|  |  |  |  | Indep | endent | Aud | itor | s Report ’ |\n| To the Boar | d of | Dire | ctors of Tata | Consultancy | Services | Limit | ed |  |\n| Report on t | he au | dit o | f the Standa | lone Financia | l Results |  |  |  |\n| Opinion |  |  |  |  |  |  |  |  |\n| We have audite | d the | accom | panying standalo | ne quarterly finan | cial results o | f Tata | Consu | ltancy Services |\n| Limited (“the Co | mpan | y”) for | the quarter ende | d 30 September | 2025 and th | e year-t | o-date | results for the |\n| period from 01 | April 2 | 025 t | o 30 September 2 | 025, attached he | rewith, being | submi | tted b | y the Company |\n| pursuant to the | requir | emen | t of Regulation 3 | 3 of the Securitie | s and Exch | ange B | oard o | f India (Listing |\n| Obligations and | Disclo | sure | Requirements) Re | gulations, 2015, a | s amended | (\"Listin | g Regu | lations\"). |\n| In our opinion a | nd to | the b | est of our informa | tion and accordin | g to the exp | lanatio | ns giv | en to us, these |\n| standalone finan | cial re | sults: |  |  |  |  |  |  |\n| a. are present | ed in a | ccord | ance with the req | uirements of Regu | lation 33 of t | he Listi | ng Re | gulations in this |\n| regard; and |  |  |  |  |  |  |  |  |\n| b. give a true | and fa | ir view | in conformity wit | h the recognition | and measure | ment p | rincipl | es laid down in |\n| the applicab | le acc | ounti | ng standards, and | other accounting | principles g | enerally | acce | pted in India, of |\n| the net prof | it and | other | comprehensive lo | ss and other finan | cial informa | tion for | the qu | arter ended 30 |\n| September | 2025 | as w | ell as for the yea | r to date results | for the perio | d from | 01 A | pril 2025 to 30 |\n| September | 2025. |  |  |  |  |  |  |  |\n| Basis for Opini | on |  |  |  |  |  |  |  |\n| We conducted | our au | dit in | accordance with | the Standards on | Auditing (“S | As”) sp | ecifie | d under section |\n| 143(10) of the C | ompa | nies A | ct, 2013 (“the Act” | ). Our responsibilit | ies under tho | se SAs | are fu | rther described |\n| in the Auditor’s | Respo | nsibilit | ies for the Audit o | f the StandaloneF | inancial Res | ults se | ction o | f our report. We |\n| are independen | t of th | e Co | mpany, in accor | dance with the C | ode of Ethic | s issue | d by | the Institute of |\n| Chartered Acco | untant | s of In | dia together with | the ethical require | ments that a | re relev | ant to | our audit of the |\n| financial statem | ents u | nder t | he provisions of t | he Act, and the R | ules thereund | er, an | d we h | ave fulfilled our |\n| other ethical res | ponsi | bilities | in accordance w | ith these requirem | ents and the | Code | of Eth | ics. We believe |\n| that the audit ev | idence | we h | ave obtained, is s | ufficient and appr | opriate to pro | vide a | basis | for our opinion. |\n| Management’s | and B | oard | of Directors’ Re | sponsibilities for | the Standal | one Fi | nancia | l Results |\n| These quarterly | finan | cial re | sults as well as | the year to date | standalone | financi | al res | ults have been |\n| prepared on the | basis | of the | interim financial | statements. |  |  |  |  |\n| The Company’s | Mana | geme | nt and the Board | of Directors are | responsible | for the | prepa | ration of these |\n| standalone fina | ncial re | sults | that give a true a | nd fair view of the | net profit/ lo | ss and | other | comprehensive |\n| income and oth | er fina | ncial | information in acc | ordance with the | recognition | and me | asure | ment principles |\n| laid down in Ind | ian Ac | count | ing Standard 34, | ‘Interim Financial | Reporting’ p | rescrib | ed und | er Section 133 |\n| of the Act read | with re | levant | rules issued ther | eunder and other | accounting p | rincipl | es gen | erally accepted |\n| in India and in c | omplia | nce w | ith Regulation 33 | of the Listing Reg | ulations. Thi | s respo | nsibili | ty also includes |\n| maintenance of | adequ | ate ac | counting records | in accordance with | the provisio | ns of th | e Act f | or safeguarding |\n| of the assets of | the C | ompa | ny and for preven | ting and detecting | frauds and | other ir | regula | rities; selection |\n| and application | of app | ropria | te accounting pol | icies; making judg | ments and e | stimate | s that | are reasonable |\n| and prudent; an | d the d | esign | , implementation a | nd maintenance o | f adequate i | nternal | financi | al controls, that |\n| were operating | effectiv | ely fo | r ensuring accura | cy and completen | ess of the ac | countin | g reco | rds, relevant to |\n| the preparation | and pr | esent | ation of the stand | alone financial res | ults that give | a true | and fa | ir view and are |\n|  |  |  |  | R | egistered Office: |  |  |  |\n| B S R & Co. (a partnership Limited Liability Partnership | firm with R with LLP | egistration Registratio | No. BA61223) converted into n No. AAB-8181) with effect fr | B S R & Co. LLP (a 14 om October 14, 2013 C | th Floor, Central B W enter, Western Expres | ing and Nort s Highway, | h C Wing, Goregaon | Nesco IT Park 4, Nesco (East), Mumbai - 400063 Page 1 of 3 |", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 14, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Standalone Financial Results", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "248608806dcfeb47", "content": "[TABLE] Company: TCS | Year: FY2026 | Section: ’\nIndependent Auditors Report > Report on the audit of the Standalone Financial Results | Page: 15\n\n|  |  |  | Indep | endent Auditor’ | s Report | (Continued) |\n|---|---|---|---|---|---|---|\n|  |  |  |  | Tata Consulta | ncy Servi | ces Limited |\n| free | from material mis | statement, wheth | er due to fra | ud or error. |  |  |\n| In pr | eparing the stand | alone financial re | sults, the Ma | nagement and the Boar | d of Director | s are responsible |\n| for a | ssessing the Co | mpany’s ability to | continue as | a going concern, discl | osing, as ap | plicable, matters |\n| relat | ed to going conce | rn and using the | going conce | rn basis of accounting | unless the B | oard of Directors |\n| eith | er intends to liquid | ate the Company | or to cease | operations, or has no re | alistic alterna | tive but to do so. |\n| The | Board of Director | s are also respon | sible for over | seeing the Company’s | financial rep | orting process. |\n| Aud | itor’s Responsib | ilities for the Au | dit of the St | andalone Financial Re | sults |  |\n| Our | objectives are to | obtain reasonab | le assurance | about whether the stan | dalone fina | ncial results as a |\n| who | le are free from m | aterial misstatem | ent, whether | due to fraud or error, a | nd to issue a | n auditor’s report |\n| that | includes our opini | on. Reasonable | assurance is | a high level of assuranc | e, but is not | a guarantee that |\n| an a | udit conducted in | accordance wit | h SAs will al | ways detect a material | misstatemen | t when it exists. |\n| Miss | tatements can ari | se from fraud or e | rror and are | considered material if, in | dividually or | in the aggregate, |\n| they | could reasonably | be expected to | influence the | economic decisions o | f users take | n on the basis of |\n| thes | e standalone fina | ncial results. |  |  |  |  |\n| As p | art of an audit in a | ccordance with | SAs, we exer | cise professional judgm | ent and main | tain professional |\n| skep | ticism throughout | the audit. We al | so: |  |  |  |\n| – | Identify and asses | s the risks of ma | terial misstate | ment of the standalone | financial res | ults, whether due |\n|  | to fraud or error, | design and perf | orm audit pro | cedures responsive to | those risks, | and obtain audit |\n|  | evidence that is s | ufficient and app | ropriate to pro | vide a basis for our opi | nion. The ris | k of not detecting |\n|  | a material misstat | ement resulting f | rom fraud is | higher than for one resu | lting from er | ror, as fraud may |\n|  | involve collusion, f | orgery, intention | al omissions, | misrepresentations, or t | he override o | f internal control. |\n| – | Obtain an underst | anding of intern | al control rele | vant to the audit in ord | er to design | audit procedures |\n|  | that are appropria | te in the circum | stances, but | not for the purpose of | expressing a | n opinion on the |\n|  | effectiveness of th | e company’s int | ernal control. |  |  |  |\n| – | Evaluate the app | ropriateness of | accounting p | olicies used and the re | asonablene | ss of accounting |\n|  | estimates and rel | ated disclosures | in the standa | lone financial results m | ade by the | Management and |\n|  | Board of Directors | . |  |  |  |  |\n| – | Conclude on the | appropriateness | of the Mana | gement’s and Board o | f Directors’ | use of the going |\n|  | concern basis of | accounting an | d, based on | the audit evidence o | btained, wh | ether a material |\n|  | uncertainty exists | related to event | s or condition | s that may cast signific | ant doubt o | n the Company's |\n|  | ability to continue | as a going co | ncern. If we | conclude that a materi | al uncertaint | y exists, we are |\n|  | required to draw a | ttention in our a | uditor’s report | to the related disclosur | es in the sta | ndalone financial |\n|  | results or, if such | disclosures are | inadequate, t | o modify our opinion. O | ur conclusio | ns are based on |\n|  | the audit evidence | obtained up to t | he date of our | auditor’s report. Howev | er, future eve | nts or conditions |\n|  | may cause the Co | mpany to cease | to continue a | s a going concern. |  |  |\n| – | Evaluate the over | all presentation, | structure and | content of the standalo | ne financial | results, including |\n|  | the disclosures, a | nd whether the | standalone fi | nancial results represen | t the underl | ying transactions |\n|  | and events in a m | anner that achie | ves fair prese | ntation. |  |  |\n| We | communicate with | those charged w | ith governanc | e regarding, among oth | er matters, th | e planned scope |\n| and | timing of the audit | and significant a | udit findings, i | ncluding any significant | deficiencies | in internal control |\n| that | we identify during | our audit. |  |  |  |  |\n|  |  |  |  |  |  | Page 2 of 3 |", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 15, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Standalone Financial Results", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "881da4f7e0591f55", "content": "[TABLE] Company: TCS | Year: FY2026 | Section: ’\nIndependent Auditors Report > Report on the audit of the Standalone Financial Results | Page: 16\n\n| B S R & Co. LLP |  |\n|---|---|\n| Independent Audit | or’s Report (Continued) |\n| Tata Consu | ltancy Services Limited |\n| We also provide those charged with governance with a statement tha | t we have complied with relevant |\n| ethical requirements regarding independence, and to communicate wit | h them all relationships and other |\n| matters that may reasonably be thought to bear on our independenc | e, and where applicable, related |\n| safeguards. |  |\n|  | For B S R & Co. LLP |\n|  | Chartered Accountants |\n| Firm’s Registr | ation No.:101248W/W-100022 |\n|  | Aniruddha Godbole |\n|  | Partner |\n| Mumbai | Membership No.: 105149 |\n| 09 October 2025 | UDIN:25105149BMLXAF2156 |\n|  | Page 3 of 3 |", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 16, "section": "’\nIndependent Auditors Report", "subsection": "Report on the audit of the Standalone Financial Results", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "d7425881ff539dfa", "content": "[TABLE] Company: TCS | Year: FY2026 | Section: ’\nIndependent Auditors Report > Dividend per share (Par value fl each) \nInterim dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00 \nFinal dividend on equity shares (t) \n-\n-\n-\n-\n-\nTotal dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00 | Page: 17\n\n|  | Three months ended |  |  | Six months ended |  | Year ended |\n|---|---|---|---|---|---|---|\n|  | September 30, 2025 | June 30, 2025 | September 30, 2024 | September 30, 2025 | September 30, 2024 | March 31, 2025 |\n| Revenue from operations Other income TOTAL INCOME Expenses Employee benefit expenses Cost of equipment and software I icences Fina nee costs Depreciation and amortisation expense Other expenses TOTAL EXPENSES PROFIT BEFORE EXCEPTIONAL ITEM AND TAX Exceptional item Re-structuring expenses PROFIT BEFORE TAX Tax Expense Current tax Deferred tax TOTAL TAX EXPENSE PROFIT FOR THE PERIOD OTHER COMPREHENSIVE INCOME (OCI) Items that will not be reclassified subsequently to profit or loss Remeasurement of defined employee benefit plans Income tax on items that will not be reclassified subsequently to profit or loss Items that will be reclassified subsequently to profit or loss Net change in fair values of investments other than equity shares carried at fair value through OCI Net change in intrinsic value of derivatives designated as cash flow hedges Net change in time value of derivatives designated as cash flow hedges Income tax on items that will be reclassified subsequently to profit or loss TOTAL OTHER COMPREHENSIVE INCOME/ (LOSSES) TOTAL COMPREHENSIVE INCOME FOR THE PERIOD | 54,531 1,768 | 52,788 2,703 | 53,990 3,185 | 1,07,319 4,471 | 1,06,834 5,602 | 2,14,853 9,642 |\n|  | 56,299 | 55,491 | 57,175 | 1,11,790 | 1,12,436 | 2,24,495 |\n|  | 28,030 775 203 1,139 10,058 | 27,640 623 171 1,103 9,768 | 26,815 3,163 146 1,008 9,454 | 55,670 1,398 374 2,242 19,826 | 53,472 5,236 291 1,977 18,993 | 1,07,300 11,372 703 4,220 38,252 |\n|  | 40,205 | 39,305 | 40,586 | 79,510 | 79,969 | 1,61,847 |\n|  | 16,094 850 | 16,186 - | 16,589 - | 32,280 850 | 32,467 - | 62,648 - |\n|  | 15,244 3,437 (21) | 16,186 3,660 (26) | 16,589 3,602 (7) | 31,430 7,097 (47) | 32,467 7,411 (53) | 62,648 14,823 (232) |\n|  | 3,416 | 3,634 | 3,595 | 7,050 | 7,358 | 14,591 |\n|  | 11,828 | 12,552 | 12,994 | 24,380 | 25,109 | 48,057 |\n|  | 2 - {354) (20) 18 89 | (1) - 207 9 (40) (44) | (35) 9 392 (14) (23) (89) | 1 - (147) (11) (22) 45 | (SO) 13 446 (10) (22) (103) | (180) 45 593 1 (9) (146) |\n|  | (265) | 131 | 240 | (134) | 274 | 304 |\n|  | 11,563 | 12,683 | 13,234 | 24,246 | 25,383 | 48,361 |\n| Paid up equity share ca pita I (Face va I ue: ~1 per share) Total reserves | 362 | 362 | 362 | 362 | 362 | 362 75,255 |\n| Earnings perequityshare:-Basicand diluted (t) Dividend per share (Par value fl each) Interim dividend on equity shares (t) Final dividend on equity shares (t) Total dividend on equity shares (t) Total equity dividend percentage | 32.70 11.00 - 11.00 1,100 | 34.69 11.00 - 11.00 1,100 | 35.91 10.00 - 10.00 1,000 | 67.38 22.00 - 22.00 2,200 | 69.40 20.00 - 20.00 2,000 | 132.83 96.00 30.00 126.00 12,600 |", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 17, "section": "’\nIndependent Auditors Report", "subsection": "Dividend per share (Par value fl each) \nInterim dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00 \nFinal dividend on equity shares (t) \n-\n-\n-\n-\n-\nTotal dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "011bc1e28b930318", "content": "[TABLE] Company: TCS | Year: FY2026 | Section: ’\nIndependent Auditors Report > Dividend per share (Par value fl each) \nInterim dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00 \nFinal dividend on equity shares (t) \n-\n-\n-\n-\n-\nTotal dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00 | Page: 18\n\n|  | As at September 30, 202S | As at March 31, 2025 |\n|---|---|---|\n| ASSETS Non-current assets Property, plant and equipment capital work-in-progress Right-of-use assets Intangible assets Financial assets Investments Trade receivables Billed Unbilled Loans Otherfinancial assets Deferred tax assets (net) Income tax assets (net) Other assets Total non-current assets Current assets Inventories Financial assets Investments Trade receivables Billed Unbilled Cash and cash equivalents Other balances with banks Loans Otherfinancial assets Income tax assets (net) Other assets Total current assets TOTAL ASSETS EQUITY AND LIABILITIES Equity Share capital Other equity Total equity Liabilities Non-current liabilities Financial liabilities Lease liabilities Otherfinancial liabilities Employee benefit obligations Deferred tax liabilities (net) Unearned and deferred revenue Total non-current liabilities Current liabilities Financial liabilities Lease liabilities Trade payables Dues of small enterprises and micro enterprises Dues of creditors otherthan small enterprises and micro enterprises Otherfinancial liabilities Unearned and deferred revenue Other liabilities Provisions Employee benefit obligations Income tax liabilities (net) Total current liabilities TOTAL EQUITY AND LIABILITIES | 8,189 1,952 8,887 480 3,999 119 150 752 1,160 2,801 781 3,042 | 8,346 1,318 7,601 878 3,999 91 44 2 657 2,658 1,131 2,900 |\n|  | 32,312 25 35,202 47,118 7,440 1,602 5,441 41 1,772 642 13,026 | 29,625 20 28,803 44,392 7,375 2,610 4,542 42 2,455 226 12,698 |\n|  | 1,12,309 | 1,03,163 |\n|  | 1,44,621 | 1,32,788 |\n|  | 362 84,667 | 362 75,255 |\n|  | 85,029 7,763 521 188 253 655 | 75,617 6,486 626 186 202 489 |\n|  | 9,380 1,207 130 17,533 6,203 2,881 5,013 79 3,767 13,399 | 7,989 1,091 156 17,327 6,551 3,377 5,110 92 3,621 11,857 |\n|  | 50,212 | 49,182 |\n|  | 1,44,621 | 1,32,788 |", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 18, "section": "’\nIndependent Auditors Report", "subsection": "Dividend per share (Par value fl each) \nInterim dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00 \nFinal dividend on equity shares (t) \n-\n-\n-\n-\n-\nTotal dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "ed8e9eed72499054", "content": "[TABLE] Company: TCS | Year: FY2026 | Section: ’\nIndependent Auditors Report > Dividend per share (Par value fl each) \nInterim dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00 \nFinal dividend on equity shares (t) \n-\n-\n-\n-\n-\nTotal dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00 | Page: 19\n\n|  | Select expla | natory notes t | o the State | ment of Audite | d Stand | alone Interim | Financial Resul | ts for three | months and | six-mo | nths ended |\n|---|---|---|---|---|---|---|---|---|---|---|---|\n|  | September 3 | 0, 2025 |  |  |  |  |  |  |  |  |  |\n| 1. | Audited Stan | dalone Interim | Statement | of Financial Re | sults for | the three mo | nths and six-mo | nths ended | September 3 | 0, 2025 | have been |\n|  | prepared in | accordance wit | h the Indian | Accounting St | andard (r | eferred to as | \"Ind AS\") 34 - I | nterim Finan | cial Reportin | g prescr | ibed under |\n|  | Section 133 | of the Compani | es Act, 201 | 3 read with Co | mpanies ( | Indian Accoun | ting Standards) | Rules as ame | nded from t | ime to ti | me. These |\n|  | results have | been reviewed | by the Aud | it Committee a | nd approv | ed by the Bo | ard of Directors | at its meetin | g held on O | ctober 9, | 2025. The |\n|  | statutory au | ditors have expr | essed an un | modified audit | opinion o | n these result | s. |  |  |  |  |\n| 2. | Audited Stan | dalone Interim | Statement o | f Cash Flows is | attached | in Annexure A | . |  |  |  |  |\n| 3. | In July 2025, | the Company | announced | re-structuring i | nitiatives | . As a part of | this initiative, t | he Company | released / | will relea | se certain |\n|  | associates fro | m the organisa | tion whose | deployment ma | y not be | feasible. Term | ination benefits | have been pr | ovided as pe | r policy | devised for |\n|  | this purpose. | Such terminatio | n benefits, | due to their siz | e, nature | or occurrence | are disclosed as | \"Exceptional | item\" in the | audited | standalone |\n|  | interim financ | ial results. |  |  |  |  |  |  |  |  |  |\n| 4. | The Board of | Directors at its | meeting he | ld on October 9 | , 2025, ha | s declared an | interim dividend | of~ll.00 p | er equity sha | re. |  |\n| 5. | The results | for three m | onths and | six months | ended | September 3 | 0, 2025, are | available o | n the BSE | Limite | d website |\n|  | (URL: www.b | seindia.com), t | he National | Stock Exchange | of India | Limited websi | te (URL: www.n | seindia.com) | and on the | Compan | y's website |\n|  | (URL: www.tc | s.com/investor | s). |  |  |  |  |  |  |  |  |\n|  |  |  |  |  |  |  | For a | nd on behalf | of the Board | of Direc | tors |\n|  |  |  |  |  |  |  |  | KU NCH 1TH | AM °'''\"'~'''\"\"' |  |  |\n|  |  |  |  |  |  |  |  | KRITHIVAS | AN °KR'I\"TH\"IV\"A·S\"AN· '. | byKUNCHITHAM ,.,,.,,, ... ,.,. |  |\n|  | Mumbai |  |  |  |  |  |  | K | Krithivasan |  |  |\n|  | October 9, 20 | 25 |  |  |  |  |  | CEO and | Managing D | irector |  |", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 19, "section": "’\nIndependent Auditors Report", "subsection": "Dividend per share (Par value fl each) \nInterim dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00 \nFinal dividend on equity shares (t) \n-\n-\n-\n-\n-\nTotal dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "c0728ca968b3aa4d", "content": "[TABLE] Company: TCS | Year: FY2026 | Section: ’\nIndependent Auditors Report > Dividend per share (Par value fl each) \nInterim dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00 \nFinal dividend on equity shares (t) \n-\n-\n-\n-\n-\nTotal dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00 | Page: 20\n\n|  | Six months ended |  | Year ended |\n|---|---|---|---|\n|  | September 30, 2025 | September 30, 2024 | March 31, 2025 |\n| CASH FLOWS FROM OPERATING ACTIVITIES Profit for the period Adjustments for: Depreciation and amortisation expense Bad debts and advances written off, allowance for expected credit losses and doubtful advances Tax expense Net gain on lease modification Unrealised foreign exchange gain Net gain on disposal of property, plant and equipment Net gain on disposal /fairvaluation of investments Net gain on fairvaluation of call option Interest income Dividend income (Including exchange impact) Finance costs Operating profit before working capital changes Net change in Inventories Trade receivables Billed Unbilled Loans and other financial assets Other assets Trade payables Unearned and deferred revenue Otherfinancial liabilities Other liabilities and provisions Cash flows generated from operations Taxes paid (net of refunds) Net cash flows generated from operating activities CASH FLOWS FROM INVESTING ACTIVITIES Bank deposits placed Inter-corporate deposits placed Purchase of investments Payment for purchase of property, plant and equipment Payment including advances for acquiring right-of-use assets Payment for purchase of intangible assets Acquisition of subsidiaries Advance towards acquisition of investment Proceeds from bank deposits Proceeds from disposal/ redemption of investments Proceeds from sub-lease receivable Proceeds from disposal of property, plant and equipment Interest received Dividend received from subsidiaries Net cash flows used in investing activities | 24,380 25,109 48,057 2,242 1,977 4,220 71 50 78 7,050 7,358 14,591 (3) (8) (10) (87) (34) (18) (9) (7) {20) {208) {92) (225) (43) - - {1,942) {1,359) {2,865) (2,141) {4,103) (6,133) 374 291 703 29,684 29,182 58,378 (5) (1) 7 (2,814) {4,540) (5,828) (171) 746 123 555 {368) {732) (401) (666) (2,238) 180 1,005 2,884 (330) 47 829 197 {968) (17) 41 663 1,002 26,936 25,100 54,408 (4,946) (7,756) (13,592) 21,990 17,344 40,816 {2,880) (3,492) (8,842) {750) - (36) (58,081) {61,470) {132,458) (1,578) (1,274) (2,388) {49) (90) {94) (128) (89) (902) (554) - (1,036) (250) - - 1,980 - 7,262 51,740 57,147 1,34,383 3 4 10 10 8 23 1,128 1,185 2,770 2,141 4,103 6,133 (7,268) (3,968) 4,825 |  |  |", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 20, "section": "’\nIndependent Auditors Report", "subsection": "Dividend per share (Par value fl each) \nInterim dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00 \nFinal dividend on equity shares (t) \n-\n-\n-\n-\n-\nTotal dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "b32104178e73cf3f", "content": "[TABLE] Company: TCS | Year: FY2026 | Section: ’\nIndependent Auditors Report > Dividend per share (Par value fl each) \nInterim dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00 \nFinal dividend on equity shares (t) \n-\n-\n-\n-\n-\nTotal dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00 | Page: 21\n\n|  | Six months ended |  | Year ended |\n|---|---|---|---|\n|  | September 30, 2025 | September 30, 2024 | March 31, 2025 |\n| CASH FLOWS FROM FINANCING ACTIVITIES Repayment of lease liabilities Interest paid Dividend paid Net cash flows used in financing activities Net change in cash and cash equivalents Cash and cash equivalents at the beginning ofthe period Exchange difference on translation of foreign currency cash and cash equivalents Cash and cash equivalents at the end of the period Components of cash and cash equivalents Balances with banks In current accounts In deposit accounts Cheques on hand Cash on hand Remittances in transit | (641) (403) (14,834) | (568) (290) (13,749) | (1,112) (748) (44,864) |\n|  | (15,878) | (14,607) | (46,724) |\n|  | (1,156) 2,610 148 | (1,231) 3,644 71 | (1,083) 3,644 49 |\n|  | 1,602 | 2,484 | 2,610 |\n|  | 1354 247 * - -* 1 | 1,204 1,280 * - -* -* | 1,89( 712 * - -* 8 |\n|  | 1,602 | 2,484 | 2,61(] |", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 21, "section": "’\nIndependent Auditors Report", "subsection": "Dividend per share (Par value fl each) \nInterim dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00 \nFinal dividend on equity shares (t) \n-\n-\n-\n-\n-\nTotal dividend on equity shares (t) \n11.00 \n11.00 \n10.00 \n22.00 \n20.00", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}, {"chunk_id": "81e4c8615bfc29fd", "content": "[TABLE] Company: TCS | Year: FY2026 | Section: ’\nIndependent Auditors Report > Yashaswin Sheth\nCompany Secretary\nACS 15388 | Page: 22\n\n| Intimatio | n as per | NSE | and BSE circul | ars da |\n|---|---|---|---|---|\n| This is to inform you that | pursuant | to NS | E circular no. N | SE/CM |\n| 20230714- 34 dated July 1 | 4, 2023, | the m | eeting of the Bo | ard of |\n| held today, October 9, 202 | 5, at 9.0 | 0 a.m. | and concluded a | t 3.40 |\n| Thanking you, |  |  |  |  |\n| Yours faithfully, |  |  |  |  |\n| For Tata Consultancy Se | rvices Li | mited |  |  |\n| Yashaswin Sheth |  |  |  |  |\n| Company Secretary |  |  |  |  |\n| ACS 15388 |  |  |  |  |\n|  | 9th Floor | Nirmal B | uilding Nariman Point | Mumbai |\n| Tel 91 22 6778 95 | 95 Fax 91 2 | 2 6630 3 | 672 e-mail corporate. | office@tc |\n| Regist | ered Office 9 | th Floor | Nirmal Building Narim | an Point |\n|  | Corporate | Identity | No. (CIN): L22210MH | 1995PL |", "company": "TCS", "ticker": "TCS", "source_file": "TCS-2.pdf", "fiscal_year": "FY2026", "page_number": 22, "section": "’\nIndependent Auditors Report", "subsection": "Yashaswin Sheth\nCompany Secretary\nACS 15388", "content_type": "table", "chunk_level": "atomic", "parent_chunk_id": ""}]